HC Capital Trust NPORT-P The Institutional U.S. Equity Portfolio (Mar 2024 report)

HC

CAPITAL

TRUST

The

Value

Equity

Portfolio

Portfolio

of

Investments

—

March

31,

2024

(Unaudited)

1

Shares

Security

Description

Value

(000)

Common

Stocks

—

99

.48

%

Aerospace

&

Defense

—

1

.58

%

3,065

HEICO

Corp.

.....................

$

585

1,057

L3Harris

Technologies,

Inc.

..........

225

5,411

Lockheed

Martin

Corp.

..............

2,461

747

Northrop

Grumman

Corp.

............

358

18,437

RTX

Corp.

.......................

1,798

5,412

The

Boeing

Co.

(a)

.................

1,044

4,420

TransDigm

Group,

Inc.

..............

5,445

11,916

Air

Freight

&

Logistics

—

0

.53

%

305

Expeditors

International

of

Washington,

Inc.

37

4,786

FedEx

Corp.

.....................

1,387

1,886

GXO

Logistics,

Inc.

(a)

..............

101

16,845

United

Parcel

Service,

Inc.

,

Class

-

B

....

2,504

4,029

Automobile

Components

—

0

.37

%

585

Gentex

Corp.

.....................

21

12,500

Lear

Corp.

.......................

1,812

75,708

QuantumScape

Corp.

(a)

.............

476

37,827

The

Goodyear

Tire

&

Rubber

Co.

(a)

....

519

2,828

Automobiles

—

0

.76

%

32,635

Tesla,

Inc.

(a)

.....................

5,737

Banks

—

3

.66

%

225,733

Bank

of

America

Corp.

..............

8,560

16,687

Bank

OZK

.......................

759

7,844

Citigroup,

Inc.

....................

496

1,826

Citizens

Financial

Group,

Inc.

.........

66

5,616

Columbia

Banking

System,

Inc.

.......

109

15,989

Comerica,

Inc.

....................

879

688

Commerce

Bancshares,

Inc.

..........

37

1,552

Cullen/Frost

Bankers,

Inc.

............

175

3,013

East

West

Bancorp,

Inc.

.............

238

13,076

Fifth

Third

Bancorp

................

487

591

First

Citizens

BancShares,

Inc.

,

Class

-

A

.

966

6,815

First

Hawaiian,

Inc.

................

150

41,225

Huntington

Bancshares,

Inc.

..........

575

43,881

JPMorgan

Chase

&

Co.

.............

8,789

3,497

M&T

Bank

Corp.

..................

509

42,174

Synovus

Financial

Corp.

.............

1,689

8,270

The

PNC

Financial

Services

Group,

Inc.

.

1,336

13,406

Wells

Fargo

&

Co.

.................

777

16,779

Western

Alliance

Bancorp

............

1,077

27,674

Beverages

—

1

.60

%

4,600

Brown-Forman

Corp.

,

Class

-

B

.......

237

2,846

Constellation

Brands,

Inc.

,

Class

-

A

....

773

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Beverages

(continued)

6,891

Keurig

Dr.

Pepper,

Inc.

..............

$

211

9,060

Monster

Beverage

Corp.

(a)

...........

537

28,839

PepsiCo,

Inc.

.....................

5,047

85,987

The

Coca-Cola

Co.

.................

5,262

12,067

Biotechnology

—

2

.13

%

34,760

AbbVie,

Inc.

.....................

6,330

2,223

Alnylam

Pharmaceuticals,

Inc.

(a)

......

332

14,171

Amgen,

Inc.

......................

4,029

17,938

United

Therapeutics

Corp.

(a)

.........

4,121

3,143

Vertex

Pharmaceuticals,

Inc.

(a)

........

1,314

16,126

Broadline

Retail

—

3

.85

%

154,380

Amazon.com,

Inc.

(a)

...............

27,847

15,760

eBay,

Inc.

.......................

832

5,126

Ollie's

Bargain

Outlet

Holdings,

Inc.

(a)

..

408

29,087

Building

Products

—

0

.78

%

10,045

A.O.

Smith

Corp.

..................

899

21,311

Carrier

Global

Corp.

................

1,239

13,273

Johnson

Controls

International

PLC

.....

867

6,549

Masco

Corp.

.....................

517

7,831

Trane

Technologies

PLC

.............

2,350

5,872

Capital

Markets

—

2

.81

%

4,496

Affiliated

Managers

Group,

Inc.

.......

753

2,506

Ameriprise

Financial,

Inc.

............

1,099

2,656

Ares

Management

Corp.

,

Class

-

A

.....

353

4,582

BlackRock,

Inc.

...................

3,820

1,669

CME

Group,

Inc.

..................

359

7,651

Coinbase

Global,

Inc.

,

Class

-

A

(a)

.....

2,028

4,721

Evercore,

Inc.

....................

909

16,955

Franklin

Resources,

Inc.

.............

477

2,293

Interactive

Brokers

Group,

Inc.

........

256

3,061

Intercontinental

Exchange,

Inc.

........

421

9,972

Invesco

Ltd.

......................

165

17,093

Jefferies

Financial

Group,

Inc.

.........

754

9,493

KKR

&

Co.,

Inc.

..................

955

20,369

Morgan

Stanley

...................

1,918

686

Morningstar,

Inc.

..................

212

1,887

Nasdaq,

Inc.

.....................

119

269

S&P

Global,

Inc.

..................

114

7,695

State

Street

Corp.

..................

595

7,780

T.

Rowe

Price

Group,

Inc.

............

949

25,629

The

Charles

Schwab

Corp.

...........

1,854

2

HC

CAPITAL

TRUST

The

Value

Equity

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Capital

Markets

(continued)

7,506

The

Goldman

Sachs

Group,

Inc.

.......

$

3,135

21,245

Chemicals

—

1

.49

%

7,464

Air

Products

and

Chemicals,

Inc.

.......

1,808

4,923

Axalta

Coating

Systems

Ltd.

(a)

........

169

1,640

Celanese

Corp.

....................

282

30,439

CF

Industries

Holdings,

Inc.

..........

2,532

9,311

Corteva,

Inc.

.....................

537

9,217

Dow,

Inc.

.......................

534

13,063

DuPont

de

Nemours,

Inc.

............

1,002

2,671

Linde

PLC

.......................

1,240

7,173

LyondellBasell

Industries

N.V.

,

Class

-

A

.

734

24,876

Olin

Corp.

.......................

1,463

6,716

PPG

Industries,

Inc.

................

973

11,274

Commercial

Services

&

Supplies

—

1

.51

%

11,948

Clean

Harbors,

Inc.

(a)

..............

2,405

109,396

Copart,

Inc.

(a)

....................

6,337

1,577

RB

Global,

Inc.

...................

120

1,270

Republic

Services,

Inc.

..............

243

2,747

Stericycle,

Inc.

(a)

..................

145

1,167

Veralto

Corp.

.....................

103

9,682

Waste

Management,

Inc.

.............

2,064

11,417

Communications

Equipment

—

0

.63

%

90,637

Cisco

Systems,

Inc.

................

4,523

774

Motorola

Solutions,

Inc.

.............

275

4,798

Construction

&

Engineering

—

0

.10

%

3,578

AECOM

........................

351

841

Arcosa,

Inc.

......................

72

1,151

Quanta

Services,

Inc.

...............

299

722

Construction

Materials

—

0

.20

%

1,351

Martin

Marietta

Materials,

Inc.

........

829

2,578

Vulcan

Materials

Co.

...............

704

1,533

Consumer

Finance

—

1

.27

%

20,855

American

Express

Co.

..............

4,748

20,025

Capital

One

Financial

Corp.

..........

2,982

6,409

Discover

Financial

Services

..........

840

14,450

OneMain

Holdings,

Inc.

.............

738

44,363

SoFi

Technologies,

Inc.

^

(a)

...........

324

9,632

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Consumer

Staples

Distribution

&

Retail

—

2

.02

%

3,254

Casey's

General

Stores,

Inc.

..........

$

1,036

3,889

Costco

Wholesale

Corp.

.............

2,849

952

Dollar

General

Corp.

...............

149

4,169

Dollar

Tree,

Inc.

(a)

.................

555

9,412

Sysco

Corp.

......................

764

17,745

Target

Corp.

.....................

3,145

9,040

The

Kroger

Co.

...................

516

104,343

Walmart,

Inc.

.....................

6,279

15,293

Containers

&

Packaging

—

0

.35

%

262

AptarGroup,

Inc.

..................

38

27

Avery

Dennison

Corp.

..............

6

22,939

Ball

Corp.

.......................

1,544

10,608

International

Paper

Co.

..............

414

2,050

Packaging

Corp.

of

America

..........

389

2,320

Silgan

Holdings,

Inc.

...............

113

2,452

Sonoco

Products

Co.

...............

142

2,646

Distributors

—

0

.08

%

3,827

Genuine

Parts

Co.

.................

593

Diversified

Consumer

Services

—

0

.08

%

7,498

H&R

Block,

Inc.

..................

368

3,097

Service

Corp.

International

...........

230

598

Diversified

Telecommunication

Services

—

0

.27

%

4,671

GCI

Liberty,

Inc.

(a)

(b)

..............

–

48,780

Verizon

Communications,

Inc.

.........

2,047

2,047

Electric

Utilities

—

1

.40

%

1,604

Alliant

Energy

Corp.

...............

81

30,034

American

Electric

Power

Co.,

Inc.

......

2,586

3,035

Constellation

Energy

Corp.

...........

561

7,685

Duke

Energy

Corp.

.................

743

1,914

Edison

International

................

135

9,746

Eversource

Energy

.................

583

9,106

Exelon

Corp.

.....................

342

70,548

Hawaiian

Electric

Industries,

Inc.

......

795

35,480

NextEra

Energy,

Inc.

...............

2,268

32,159

The

Southern

Co.

..................

2,307

4,017

Xcel

Energy,

Inc.

..................

216

10,617

Electrical

Equipment

—

0

.94

%

3,350

AMETEK,

Inc.

...................

613

12,355

Eaton

Corp.

PLC

..................

3,863

16,658

Emerson

Electric

Co.

...............

1,889

3

HC

CAPITAL

TRUST

The

Value

Equity

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Electrical

Equipment

(continued)

3,984

Regal

Rexnord

Corp.

...............

$

718

7,083

Electronic

Equipment,

Instruments

&

Components

—

0

.02

%

1,050

Keysight

Technologies,

Inc.

(a)

........

164

Energy

Equipment

&

Services

—

0

.59

%

26,930

Halliburton

Co.

...................

1,062

6,095

Helmerich

&

Payne,

Inc.

.............

256

23,556

Patterson-UTI

Energy,

Inc.

...........

281

42,009

Schlumberger

N.V.

.................

2,303

21,429

TechnipFMC

PLC

.................

538

4,440

Entertainment

—

0

.99

%

430

Atlanta

Braves

Holdings,

Inc.

(a)

.......

17

14,871

Liberty

Media

Corp.-Liberty

Formula

One

(a)

.....................

976

636

Liberty

Media

Corp.-Liberty

Live

(a)

....

28

4,935

Netflix,

Inc.

(a)

....................

2,997

28,322

The

Walt

Disney

Co.

...............

3,465

7,483

Financial

Services

—

3

.70

%

8,213

Apollo

Global

Management,

Inc.

.......

924

23,877

Berkshire

Hathaway,

Inc.

,

Class

-

B

(a)

...

10,042

14,613

Equitable

Holdings,

Inc.

.............

555

3,316

Fiserv,

Inc.

(a)

.....................

530

4,425

Global

Payments,

Inc.

...............

591

18,311

Mastercard,

Inc.

,

Class

-

A

...........

8,818

23,246

Visa,

Inc.

,

Class

-

A

................

6,487

43

WEX,

Inc.

(a)

.....................

10

27,957

Food

Products

—

0

.66

%

13,782

Archer-Daniels-Midland

Co.

..........

866

3,437

Campbell

Soup

Co.

................

153

16,807

Conagra

Brands,

Inc.

...............

498

5,689

Flowers

Foods,

Inc.

................

135

12,760

General

Mills,

Inc.

.................

894

2,450

Hormel

Foods

Corp.

................

85

10,284

Kellanova

.......................

589

9,502

Mondelez

International,

Inc.

,

Class

-

A

...

665

1,277

Post

Holdings,

Inc.

(a)

...............

136

1,964

The

Hershey

Co.

..................

382

13,887

The

Kraft

Heinz

Co.

................

512

2,571

WK

Kellogg

Co.

..................

48

4,963

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Gas

Utilities

—

0

.01

%

808

Atmos

Energy

Corp.

................

$

96

Ground

Transportation

—

1

.21

%

4,011

CSX

Corp.

.......................

149

2,655

Knight-Swift

Transportation

Holdings,

Inc.

146

5,345

Norfolk

Southern

Corp.

.............

1,362

2,558

Old

Dominion

Freight

Line,

Inc.

.......

561

1,886

RXO,

Inc.

(a)

.....................

41

7,527

Ryder

System,

Inc.

.................

905

13,196

Uber

Technologies,

Inc.

(a)

...........

1,016

2,943

U-Haul

Holding

Co.

................

196

327

U-Haul

Holding

Co.

(a)

..............

22

18,473

Union

Pacific

Corp.

................

4,543

1,886

XPO,

Inc.

(a)

.....................

230

9,171

Health

Care

Equipment

&

Supplies

—

2

.14

%

48,674

Abbott

Laboratories

................

5,533

5,533

Align

Technology,

Inc.

(a)

............

1,814

4,797

Becton

Dickinson

&

Co.

.............

1,187

5,314

Dexcom,

Inc.

(a)

...................

737

9,953

Edwards

Lifesciences

Corp.

(a)

........

951

1,648

Enovis

Corp.

(a)

...................

103

19,348

Envista

Holdings

Corp.

(a)

............

414

2,648

GE

HealthCare

Technologies,

Inc.

......

241

9,518

ICU

Medical,

Inc.

(a)

...............

1,021

1,653

IDEXX

Laboratories,

Inc.

(a)

..........

893

2,647

Intuitive

Surgical,

Inc.

(a)

............

1,056

74

Medtronic

PLC

...................

6

26,890

Novocure

Ltd.

(a)

..................

420

1,434

Penumbra,

Inc.

(a)

..................

320

1,498

STERIS

PLC

.....................

337

22,278

Tandem

Diabetes

Care,

Inc.

(a)

.........

789

1,671

Teleflex,

Inc.

.....................

378

16,200

Health

Care

Providers

&

Services

—

2

.85

%

3,127

Cencora,

Inc.

.....................

760

24,101

Centene

Corp.

(a)

..................

1,891

14,322

CVS

Health

Corp.

.................

1,142

4,252

Elevance

Health,

Inc.

...............

2,205

4,756

HCA

Healthcare,

Inc.

...............

1,586

2,789

Humana,

Inc.

.....................

967

2,131

Laboratory

Corp.

of

America

Holdings

...

466

4,072

McKesson

Corp.

..................

2,186

992

Molina

Healthcare,

Inc.

(a)

...........

408

2,928

Quest

Diagnostics,

Inc.

..............

390

11,241

The

Cigna

Group

..................

4,083

11,048

UnitedHealth

Group,

Inc.

............

5,465

21,549

4

HC

CAPITAL

TRUST

The

Value

Equity

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Health

Care

REITs

—

0

.07

%

5,701

Welltower,

Inc.

....................

$

533

Health

Care

Technology

—

0

.40

%

20,543

Teladoc

Health,

Inc.

(a)

..............

310

11,861

Veeva

Systems,

Inc.

,

Class

-

A

(a)

.......

2,748

3,058

Hotel

&

Resort

REITs

—

0

.06

%

24,850

Park

Hotels

&

Resorts,

Inc.

...........

435

Hotels,

Restaurants

&

Leisure

—

2

.04

%

3,359

Airbnb,

Inc.

,

Class

-

A

(a)

............

554

7,828

Caesars

Entertainment,

Inc.

(a)

.........

342

2,249

Darden

Restaurants,

Inc.

.............

376

23,594

DraftKings,

Inc.

(a)

.................

1,071

148

Hilton

Worldwide

Holdings,

Inc.

.......

32

3,826

Hyatt

Hotels

Corp.

,

Class

-

A

.........

611

1,434

Marriott

International,

Inc.

,

Class

-

A

....

362

20,166

McDonald's

Corp.

.................

5,685

51,410

Norwegian

Cruise

Line

Holdings

Ltd.

(a)

.

1,076

16,947

Royal

Caribbean

Cruises

Ltd.

(a)

.......

2,356

30,827

Starbucks

Corp.

...................

2,817

546

Vail

Resorts,

Inc.

..................

122

15,404

Household

Durables

—

0

.67

%

3,443

D.R.

Horton,

Inc.

..................

567

3,121

Garmin

Ltd.

......................

465

3,252

Leggett

&

Platt,

Inc.

................

62

6,964

Lennar

Corp.

,

Class

-

A

..............

1,198

83

Lennar

Corp.

,

Class

-

B

.............

13

4,132

PulteGroup,

Inc.

...................

498

17,676

Toll

Brothers,

Inc.

.................

2,286

5,089

Household

Products

—

1

.48

%

2,171

Church

&

Dwight

Co.,

Inc.

...........

226

16,240

Kimberly-Clark

Corp.

...............

2,101

1,218

The

Clorox

Co.

...................

186

53,465

The

Procter

&

Gamble

Co.

...........

8,675

11,188

Industrial

Conglomerates

—

0

.62

%

7,946

General

Electric

Co.

................

1,395

16,050

Honeywell

International,

Inc.

.........

3,294

4,689

Industrial

REITs

—

0

.44

%

11,771

Americold

Realty

Trust,

Inc.

..........

293

20,968

Prologis,

Inc.

.....................

2,731

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Industrial

REITs

(continued)

6,543

Rexford

Industrial

Realty,

Inc.

.........

$

329

3,353

Insurance

—

2

.06

%

23,465

Aflac,

Inc.

.......................

2,015

560

Aon

PLC

,

Class

-

A

................

187

676

Arthur

J.

Gallagher

&

Co.

............

169

1,195

Assurant,

Inc.

....................

225

1,709

Brown

&

Brown,

Inc.

...............

150

3,252

Cincinnati

Financial

Corp.

...........

404

52,976

Fidelity

National

Financial,

Inc.

.......

2,813

2,577

Marsh

&

McLennan

Cos.,

Inc.

........

531

26,353

MetLife,

Inc.

.....................

1,953

7,077

Old

Republic

International

Corp.

.......

217

6,114

Prudential

Financial,

Inc.

............

718

3,014

RenaissanceRe

Holdings

Ltd.

.........

708

26,534

The

Allstate

Corp.

.................

4,590

2,945

The

Progressive

Corp.

..............

609

3,246

W.R.

Berkley

Corp.

................

287

15,576

Interactive

Media

&

Services

—

6

.30

%

125,340

Alphabet,

Inc.

,

Class

-

A

(a)

...........

18,917

91,660

Alphabet,

Inc.

,

Class

-

C

(a)

...........

13,956

7,722

IAC,

Inc.

(a)

......................

412

29,543

Meta

Platforms,

Inc.

,

Class

-

A

........

14,345

47,630

IT

Services

—

1

.21

%

4,055

Accenture

PLC

,

Class

-

A

............

1,406

3,168

Akamai

Technologies,

Inc.

(a)

.........

345

1,853

Cognizant

Technology

Solutions

Corp.

,

Class

-

A

....................

136

8,471

EPAM

Systems,

Inc.

(a)

..............

2,338

13,957

GoDaddy,

Inc.

,

Class

-

A

(a)

...........

1,656

2,117

International

Business

Machines

Corp.

...

404

13,322

Okta,

Inc.

(a)

.....................

1,394

4,262

Snowflake,

Inc.

,

Class

-

A

(a)

..........

689

4,247

VeriSign,

Inc.

(a)

...................

805

9,173

Leisure

Products

—

0

.10

%

1,780

Brunswick

Corp.

..................

172

1,159

Hasbro,

Inc.

......................

66

10,271

Mattel,

Inc.

(a)

....................

203

3,276

Polaris,

Inc.

......................

328

769

Life

Sciences

Tools

&

Services

—

1

.10

%

4,371

Agilent

Technologies,

Inc.

............

636

398

Bio-Rad

Laboratories,

Inc.

,

Class

-

A

(a)

..

138

5

HC

CAPITAL

TRUST

The

Value

Equity

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Life

Sciences

Tools

&

Services

(continued)

1,294

Bruker

Corp.

.....................

$

122

438

Charles

River

Laboratories

International,

Inc.

(a)

......................

119

3,501

Danaher

Corp.

....................

873

2,131

Fortrea

Holdings,

Inc.

(a)

.............

86

710

IQVIA

Holdings,

Inc.

(a)

.............

180

2,796

Mettler-Toledo

International,

Inc.

(a)

....

3,721

2,268

QIAGEN

N.V.

(a)

..................

98

485

Revvity,

Inc.

.....................

51

3,456

Thermo

Fisher

Scientific,

Inc.

.........

2,008

720

Waters

Corp.

(a)

...................

248

8,280

Machinery

—

1

.85

%

11,054

AGCO

Corp.

.....................

1,360

12,196

Caterpillar,

Inc.

...................

4,469

5,428

Cummins,

Inc.

....................

1,599

53

Donaldson

Co.,

Inc.

................

4

4,752

Dover

Corp.

......................

842

1,648

Esab

Corp.

.......................

182

28

IDEX

Corp.

......................

7

6,910

Ingersoll

Rand,

Inc.

................

656

1,442

ITT,

Inc.

........................

196

1,244

Nordson

Corp.

....................

342

17,062

Oshkosh

Corp.

....................

2,128

7,507

Otis

Worldwide

Corp.

...............

745

1,693

Parker-Hannifin

Corp.

..............

941

2,490

The

Timken

Co.

...................

218

1,711

Westinghouse

Air

Brake

Technologies

Corp.

249

485

Xylem,

Inc.

......................

63

14,001

Media

—

0

.69

%

84,982

Comcast

Corp.

,

Class

-

A

............

3,683

4,889

Fox

Corp.

,

Class

-

A

................

153

3,789

Omnicom

Group,

Inc.

...............

367

45,955

Paramount

Global

,

Class

-

B

..........

541

14,641

The

Interpublic

Group

of

Cos.,

Inc.

.....

478

5,222

Metals

&

Mining

—

0

.56

%

49,484

Alcoa

Corp.

......................

1,672

18,550

Newmont

Corp.

...................

665

8,225

Nucor

Corp.

......................

1,628

1,912

Steel

Dynamics,

Inc.

................

283

4,248

Mortgage

Real

Estate

Investment

Trusts

(REITs)

—

0

.07

%

18,648

Annaly

Capital

Management,

Inc.

......

367

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

15,165

Rithm

Capital

Corp.

................

$

169

536

Multi-Utilities

—

0

.61

%

2,674

Ameren

Corp.

....................

198

1,937

CMS

Energy

Corp.

.................

117

1,642

Consolidated

Edison,

Inc.

............

149

1,144

Dominion

Energy,

Inc.

..............

56

1,043

DTE

Energy

Co.

..................

117

72,854

NiSource,

Inc.

....................

2,014

5,865

Public

Service

Enterprise

Group,

Inc.

....

392

1,902

Sempra

.........................

137

17,371

WEC

Energy

Group,

Inc.

............

1,427

4,607

Oil,

Gas

&

Consumable

Fuels

—

3

.10

%

19,551

Antero

Midstream

Corp.

.............

275

7,263

Cheniere

Energy,

Inc.

...............

1,171

19,851

Chevron

Corp.

....................

3,131

5,077

ConocoPhillips

...................

646

63,641

Coterra

Energy,

Inc.

................

1,774

30,851

Devon

Energy

Corp.

................

1,548

521

DT

Midstream,

Inc.

................

32

3,995

EOG

Resources,

Inc.

...............

511

7,396

EQT

Corp.

.......................

274

35,550

Exxon

Mobil

Corp.

................

4,132

16,993

Hess

Corp.

.......................

2,594

11,538

Marathon

Petroleum

Corp.

...........

2,325

26,124

Occidental

Petroleum

Corp.

..........

1,698

6,401

ONEOK,

Inc.

.....................

513

6,951

Targa

Resources

Corp.

..............

778

41,203

The

Williams

Cos.,

Inc.

.............

1,606

2,242

Valero

Energy

Corp.

................

383

2,011

Vitesse

Energy,

Inc.

................

48

23,439

Paper

&

Forest

Products

—

0

.01

%

964

Sylvamo

Corp.

....................

60

Passenger

Airlines

—

0

.09

%

28,157

American

Airlines

Group,

Inc.

(a)

.......

433

2,097

Copa

Holdings

SA

,

Class

-

A

..........

218

651

Personal

Care

Products

—

0

.03

%

1,700

The

Estee

Lauder

Cos.,

Inc.

..........

262

Pharmaceuticals

—

3

.38

%

23,725

Bristol-Myers

Squibb

Co.

............

1,287

9,457

Eli

Lilly

&

Co.

....................

7,357

6

HC

CAPITAL

TRUST

The

Value

Equity

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Pharmaceuticals

(continued)

1,000

Jazz

Pharmaceuticals

PLC

(a)

.........

$

120

44,819

Johnson

&

Johnson

................

7,090

58,424

Merck

&

Co.,

Inc.

.................

7,709

3,348

Organon

&

Co.

...................

63

64,849

Pfizer,

Inc.

.......................

1,800

8,046

Viatris,

Inc.

......................

96

25,522

Professional

Services

—

0

.76

%

1,081

Equifax,

Inc.

.....................

289

717

Jacobs

Solutions,

Inc.

...............

110

1,829

Leidos

Holdings,

Inc.

...............

240

6,910

Paychex,

Inc.

.....................

849

8,321

Paycom

Software,

Inc.

..............

1,656

825

Robert

Half,

Inc.

..................

65

10,910

Verisk

Analytics,

Inc.

...............

2,572

5,781

Real

Estate

Management

&

Development

—

0

.46

%

1,691

CBRE

Group,

Inc.

,

Class

-

A

(a)

........

164

26,820

CoStar

Group,

Inc.

(a)

...............

2,592

4,563

Howard

Hughes

Holdings,

Inc.

(a)

......

331

2,009

Jones

Lang

LaSalle,

Inc.

(a)

...........

392

3,479

Residential

REITs

—

0

.28

%

3,688

American

Homes

4

Rent

,

Class

-

A

.....

136

7,024

Camden

Property

Trust

..............

691

2,122

Equity

LifeStyle

Properties,

Inc.

.......

137

507

Essex

Property

Trust,

Inc.

............

124

10,627

Invitation

Homes,

Inc.

..............

378

2,029

Mid-America

Apartment

Communities,

Inc.

267

1,913

Sun

Communities,

Inc.

..............

246

4,609

UDR,

Inc.

.......................

172

2,151

Retail

REITs

—

0

.32

%

27,975

Brixmor

Property

Group,

Inc.

.........

656

1,385

Federal

Realty

Investment

Trust

.......

141

19,277

Realty

Income

Corp.

...............

1,044

35,601

The

Macerich

Co.

.................

613

2,454

Semiconductors

&

Semiconductor

Equipment

—

8

.20

%

11,746

Advanced

Micro

Devices,

Inc.

(a)

.......

2,120

3,728

Analog

Devices,

Inc.

...............

737

21,151

Applied

Materials,

Inc.

..............

4,362

2,918

Broadcom,

Inc.

...................

3,868

63,964

Intel

Corp.

.......................

2,825

506

Lam

Research

Corp.

................

492

6,026

Marvell

Technology,

Inc.

............

427

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Semiconductors

&

Semiconductor

Equipment

(continued)

4,803

Micron

Technology,

Inc.

.............

$

566

43,387

NVIDIA

Corp.

....................

39,203

7,270

QUALCOMM,

Inc.

................

1,231

3,842

Skyworks

Solutions,

Inc.

............

416

23,905

Texas

Instruments,

Inc.

..............

4,164

6,964

Universal

Display

Corp.

.............

1,173

10,456

Wolfspeed,

Inc.

(a)

.................

308

61,892

Software

—

10

.99

%

12,361

Adobe,

Inc.

(a)

....................

6,237

10,190

Autodesk,

Inc.

(a)

..................

2,654

512

Dolby

Laboratories,

Inc.

,

Class

-

A

.....

43

23,134

Manhattan

Associates,

Inc.

(a)

.........

5,789

125,812

Microsoft

Corp.

...................

52,931

56,988

Oracle

Corp.

.....................

7,158

41

Roper

Technologies,

Inc.

.............

23

4,904

Salesforce,

Inc.

...................

1,477

8,243

ServiceNow,

Inc.

(a)

................

6,284

668

Synopsys,

Inc.

(a)

..................

382

82,978

Specialized

REITs

—

0

.92

%

5,297

American

Tower

Corp.

..............

1,047

2,473

Crown

Castle,

Inc.

.................

262

5,913

CubeSmart

......................

267

9,861

Digital

Realty

Trust,

Inc.

.............

1,420

1,956

Equinix,

Inc.

.....................

1,614

5,142

Extra

Space

Storage,

Inc.

............

756

5,259

Iron

Mountain,

Inc.

................

422

846

Lamar

Advertising

Co.

,

Class

-

A

.......

101

2,688

Public

Storage

....................

780

8,362

VICI

Properties,

Inc.

...............

249

6,918

Specialty

Retail

—

2

.62

%

2,829

AutoNation,

Inc.

(a)

................

468

22

AutoZone,

Inc.

(a)

..................

69

6,524

Bath

&

Body

Works,

Inc.

............

326

7,757

Best

Buy

Co.,

Inc.

.................

636

4,609

Dick's

Sporting

Goods,

Inc.

...........

1,036

923

Five

Below,

Inc.

(a)

.................

167

36,426

Floor

&

Decor

Holdings,

Inc.

,

Class

-

A

(a)

4,723

3,541

Lowe's

Cos.,

Inc.

..................

902

7,287

Penske

Automotive

Group,

Inc.

........

1,180

17,296

The

Home

Depot,

Inc.

..............

6,636

21,249

The

TJX

Cos.,

Inc.

.................

2,155

2,059

Tractor

Supply

Co.

.................

539

2,174

Victoria's

Secret

&

Co.

(a)

............

42

7

HC

CAPITAL

TRUST

The

Value

Equity

Portfolio

Portfolio

of

Investments

(concluded)

—

March

31,

2024

(Unaudited)

As

of

March

31,

2024

,

100%

of

the

Portfolio’s

net

assets

were

managed

by

Parametric

Portfolio

Associates,

LLC.

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Specialty

Retail

(continued)

3,016

Williams-Sonoma,

Inc.

..............

$

958

19,837

Technology

Hardware,

Storage

&

Peripherals

—

6

.01

%

248,790

Apple,

Inc.

......................

42,663

83,952

HP,

Inc.

.........................

2,537

2,448

NetApp,

Inc.

.....................

257

45,457

Textiles,

Apparel

&

Luxury

Goods

—

0

.24

%

6,619

Capri

Holdings

Ltd.

(a)

..............

300

9,230

NIKE,

Inc.

,

Class

-

B

...............

868

1,533

Ralph

Lauren

Corp.

................

288

7,801

Tapestry,

Inc.

.....................

370

1,826

Tobacco

—

0

.29

%

36,600

Altria

Group,

Inc.

..................

1,597

6,325

Philip

Morris

International,

Inc.

........

579

2,176

Trading

Companies

&

Distributors

—

0

.34

%

13,428

Fastenal

Co.

......................

1,036

1,130

Watsco,

Inc.

......................

488

6,001

WESCO

International,

Inc.

...........

1,028

2,552

Water

Utilities

—

0

.02

%

1,178

American

Water

Works

Co.,

Inc.

.......

144

Wireless

Telecommunication

Services

—

0

.51

%

23,667

T-Mobile

US,

Inc.

.................

3,863

Total

Common

Stocks

..............

752,090

Investment

Companies

—

0

.57

%

Money

Market

Funds

—

0

.57

%

340,225

Federated

Hermes

Treasury

Obligations

Fund,

Institutional

Shares

,

5

.17

%

^^

(c)

340

3,985,980

State

Street

Institutional

Treasury

Plus

Money

Market

Fund,

Trust

Class

,

5

.20

%

(c)

....................

3,986

Total

Investment

Companies

.........

4,326

Total

Investments

(cost

$

282,515

)

—

100

.05

%

....................

756,416

Liabilities

in

excess

of

other

assets

—

(

0

.05

)

%

....................

(

399

)

Net

Assets

-

100.00%

$

756,017

Amounts

designated

as

"—"

are

$0

or

have

been

rounded

to

$0.

^

All

or

part

of

this

security

was

on

loan

as

of

March

31,

2024.

^^

Purchased

with

cash

collateral

held

from

securities

lending.

The

value

of

the

collateral

could

include

collateral

held

for

securities

that

were

sold

on

or

before

March

31,

2024.

(a)

Represents

non-income

producing

security.

(b)

Security

was

valued

using

significant

unobservable

inputs

as

of

March

31,

2024.

(c)

Annualized

7-day

yield

as

of

period-end.

REIT—Real

Estate

Investment

Trust

HC

CAPITAL

TRUST

The

U.S.

Equity

Portfolio

(formerly

The

Growth

Equity

Portfolio)

Portfolio

of

Investments

—

March

31,

2024

(Unaudited)

8

Shares

Security

Description

Value

(000)

Common

Stocks

—

99.79%

Aerospace

&

Defense

—

1.06%

5,461

General

Dynamics

Corp.

.............

$

1,543

391

HEICO

Corp.

.....................

75

728

HEICO

Corp.,

Class

-

A

.............

112

4,826

L3Harris

Technologies,

Inc.

..........

1,028

1,511

Northrop

Grumman

Corp.

............

723

49,266

RTX

Corp.

.......................

4,805

18,789

Spirit

AeroSystems

Holdings,

Inc.,

Class

-

A(a)

.......................

678

475

TransDigm

Group,

Inc.

..............

585

9,549

Air

Freight

&

Logistics

—

0.16%

4,946

Expeditors

International

of

Washington,

Inc.

601

1,658

GXO

Logistics,

Inc.(a)

..............

89

5,000

United

Parcel

Service,

Inc.,

Class

-

B

....

744

1,434

Automobiles

—

1.04%

71,725

Ford

Motor

Co.

...................

953

47,859

Tesla,

Inc.(a)

.....................

8,413

9,366

Banks

—

2.18%

10,612

Bank

of

America

Corp.

..............

402

13,206

Bank

OZK

.......................

600

58,499

Citizens

Financial

Group,

Inc.

.........

2,123

125,497

Columbia

Banking

System,

Inc.

.......

2,428

40,559

Comerica,

Inc.

....................

2,230

1,150

Cullen/Frost

Bankers,

Inc.

............

129

29,928

East

West

Bancorp,

Inc.

.............

2,368

86,090

First

Horizon

Corp.

................

1,326

36,888

Huntington

Bancshares,

Inc.

..........

515

23,824

JPMorgan

Chase

&

Co.

.............

4,773

106,556

Regions

Financial

Corp.

.............

2,242

10,848

Zions

Bancorp

NA

.................

471

19,607

Beverages

—

1.23%

7,236

Brown-Forman

Corp.,

Class

-

B

.......

374

17,862

Monster

Beverage

Corp.(a)

...........

1,059

29,046

PepsiCo,

Inc.

.....................

5,083

74,917

The

Coca-Cola

Co.

.................

4,583

11,099

Biotechnology

—

1.53%

9,107

Alnylam

Pharmaceuticals,

Inc.(a)

......

1,361

10,935

Amgen,

Inc.

......................

3,109

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Biotechnology

(continued)

19,253

Moderna,

Inc.(a)

..................

$

2,052

14,430

Natera,

Inc.(a)

....................

1,320

800

Neurocrine

Biosciences,

Inc.(a)

........

110

2,019

Regeneron

Pharmaceuticals,

Inc.(a)

.....

1,943

9,275

Vertex

Pharmaceuticals,

Inc.(a)

........

3,877

13,772

Broadline

Retail

—

5.40%

261,580

Amazon.com,

Inc.(a)

...............

47,183

928

MercadoLibre,

Inc.(a)

...............

1,403

48,586

Building

Products

—

0.28%

404

Armstrong

World

Industries,

Inc.

.......

50

17,452

Carrier

Global

Corp.

................

1,014

48,582

Resideo

Technologies,

Inc.(a)

.........

1,090

1,218

Trane

Technologies

PLC

.............

366

2,520

Capital

Markets

—

2.31%

2,335

Cboe

Global

Markets,

Inc.

...........

429

6,242

CME

Group,

Inc.

..................

1,344

1,203

FactSet

Research

Systems,

Inc.

........

547

2,582

Intercontinental

Exchange,

Inc.

........

355

143,372

Invesco

Ltd.

......................

2,379

18,395

Janus

Henderson

Group

PLC

.........

605

713

LPL

Financial

Holdings,

Inc.

..........

188

349

MarketAxess

Holdings,

Inc.

..........

77

3,981

Moody's

Corp.

....................

1,565

31,488

Morgan

Stanley

...................

2,964

390

Morningstar,

Inc.

..................

120

838

MSCI,

Inc.

......................

470

36,398

Robinhood

Markets,

Inc.,

Class

-

A(a)

...

733

9,178

S&P

Global,

Inc.

..................

3,904

2,032

T.

Rowe

Price

Group,

Inc.

............

248

16,324

The

Charles

Schwab

Corp.

...........

1,181

8,812

The

Goldman

Sachs

Group,

Inc.

.......

3,680

20,789

Chemicals

—

2.07%

3,430

Air

Products

and

Chemicals,

Inc.

.......

831

13,075

CF

Industries

Holdings,

Inc.

..........

1,088

30,407

Ecolab,

Inc.

......................

7,022

28,469

FMC

Corp.

......................

1,813

28,629

LyondellBasell

Industries

N.V.,

Class

-

A

.

2,928

19,809

The

Chemours

Co.

.................

520

9

HC

CAPITAL

TRUST

The

U.S.

Equity

Portfolio

(formerly

The

Growth

Equity

Portfolio)

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Chemicals

(continued)

73,222

The

Mosaic

Co.

...................

$

2,377

5,811

The

Scotts

Miracle-Gro

Co.

..........

433

4,752

The

Sherwin-Williams

Co.

...........

1,651

18,663

Commercial

Services

&

Supplies

—

0.21%

26,608

Copart,

Inc.(a)

....................

1,541

3,906

Veralto

Corp.

.....................

346

1,887

Communications

Equipment

—

0.74%

4,776

Arista

Networks,

Inc.(a)

.............

1,385

101,754

Cisco

Systems,

Inc.

................

5,079

825

F5,

Inc.(a)

.......................

156

153

Motorola

Solutions,

Inc.

.............

54

6,674

Construction

&

Engineering

—

0.01%

374

Quanta

Services,

Inc.

...............

97

Consumer

Finance

—

0.35%

95

Credit

Acceptance

Corp.(a)

...........

52

141,214

SLM

Corp.

......................

3,077

3,129

Consumer

Staples

Distribution

&

Retail

—

1.98%

16,483

Costco

Wholesale

Corp.

.............

12,075

939

Dollar

General

Corp.

...............

147

4,517

Dollar

Tree,

Inc.(a)

.................

601

8,706

Sysco

Corp.

......................

707

71,607

Walmart,

Inc.

.....................

4,309

17,839

Containers

&

Packaging

—

0.14%

1,280

AptarGroup,

Inc.

..................

184

747

Avery

Dennison

Corp.

..............

167

841

Packaging

Corp.

of

America

..........

160

14,972

Silgan

Holdings,

Inc.

...............

727

1,238

Distributors

—

0.07%

2,966

Genuine

Parts

Co.

.................

459

381

Pool

Corp.

.......................

154

613

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Diversified

Consumer

Services

—

0.01%

1,727

Service

Corp.

International

...........

$

128

Diversified

Telecommunication

Services

—

0.31%

130,255

AT&T,

Inc.

......................

2,293

19,117

Frontier

Communications

Parent,

Inc.(a)

.

468

4,099

GCI

Liberty,

Inc.(a)(b)

..............

–

2,761

Electric

Utilities

—

1.02%

15,796

Edison

International

................

1,117

47,734

Evergy,

Inc.

......................

2,549

60,365

FirstEnergy

Corp.

..................

2,331

4,256

NextEra

Energy,

Inc.

...............

272

36,550

NRG

Energy,

Inc.

..................

2,474

12,422

OGE

Energy

Corp.

.................

426

9,169

Electrical

Equipment

—

0.48%

5,157

AMETEK,

Inc.

...................

943

3,500

Eaton

Corp.

PLC

..................

1,094

13,294

Emerson

Electric

Co.

...............

1,509

1,210

Hubbell,

Inc.

.....................

502

931

Rockwell

Automation,

Inc.

...........

271

4,319

Electronic

Equipment,

Instruments

&

Components

—

0.18%

12,210

Amphenol

Corp.,

Class

-

A

...........

1,409

2,343

Vontier

Corp.

.....................

106

376

Zebra

Technologies

Corp.(a)

..........

113

1,628

Entertainment

—

0.95%

13,332

Netflix,

Inc.(a)

....................

8,097

3,725

The

Walt

Disney

Co.

...............

456

8,553

Financial

Services

—

5.20%

18,726

Berkshire

Hathaway,

Inc.,

Class

-

B(a)

...

7,875

34,972

Equitable

Holdings,

Inc.

.............

1,329

756

Fiserv,

Inc.(a)

.....................

121

7,975

Global

Payments,

Inc.

...............

1,066

1,598

Jack

Henry

&

Associates,

Inc.

.........

278

19,210

Mastercard,

Inc.,

Class

-

A

...........

9,251

34,688

PayPal

Holdings,

Inc.(a)

.............

2,324

74,344

The

Western

Union

Co.

..............

1,039

76,091

Visa,

Inc.,

Class

-

A

................

21,235

10

HC

CAPITAL

TRUST

The

U.S.

Equity

Portfolio

(formerly

The

Growth

Equity

Portfolio)

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Financial

Services

(continued)

31,527

Voya

Financial,

Inc.

................

$

2,330

46,848

Food

Products

—

0.79%

70,463

Conagra

Brands,

Inc.

...............

2,089

5,224

Hormel

Foods

Corp.

................

182

413

Lamb

Weston

Holdings,

Inc.

..........

44

5,092

McCormick

&

Co.,

Inc.

.............

391

56,218

Mondelez

International,

Inc.,

Class

-

A

...

3,935

1,045

The

Hershey

Co.

..................

203

2,332

The

J.M.

Smucker

Co.

..............

294

7,138

Gas

Utilities

—

0.20%

33,223

National

Fuel

Gas

Co.

..............

1,785

Ground

Transportation

—

1.72%

124,263

CSX

Corp.

.......................

4,606

1,274

Landstar

System,

Inc.

...............

246

1,124

Old

Dominion

Freight

Line,

Inc.

.......

247

49,606

Uber

Technologies,

Inc.(a)

...........

3,819

916

U-Haul

Holding

Co.(a)

..............

62

8,244

U-Haul

Holding

Co.

................

550

24,231

Union

Pacific

Corp.

................

5,958

15,488

Health

Care

Equipment

&

Supplies

—

2.33%

34,185

Abbott

Laboratories

................

3,885

10,657

Baxter

International,

Inc.

............

455

4,799

Becton

Dickinson

&

Co.

.............

1,188

10,892

Boston

Scientific

Corp.(a)

............

746

15,477

Edwards

Lifesciences

Corp.(a)

........

1,479

960

Embecta

Corp.

....................

13

3,887

GE

HealthCare

Technologies,

Inc.

......

353

2,690

IDEXX

Laboratories,

Inc.(a)

..........

1,452

16,847

Intuitive

Surgical,

Inc.(a)

............

6,724

4,072

ResMed,

Inc.

.....................

806

9,642

Stryker

Corp.

.....................

3,451

3,346

Zimmer

Biomet

Holdings,

Inc.

........

442

20,994

Health

Care

Providers

&

Services

—

2.22%

22,388

Acadia

Healthcare

Co.,

Inc.(a)

.........

1,774

1,650

Centene

Corp.(a)

..................

129

22,394

CVS

Health

Corp.

.................

1,786

5,215

Elevance

Health,

Inc.

...............

2,704

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Health

Care

Providers

&

Services

(continued)

3,283

Henry

Schein,

Inc.(a)

...............

$

248

1,952

Laboratory

Corp.

of

America

Holdings

...

426

4,595

McKesson

Corp.

..................

2,467

7,845

Quest

Diagnostics,

Inc.

..............

1,044

19,054

UnitedHealth

Group,

Inc.

............

9,427

20,005

Health

Care

REITs

—

0.60%

174,195

Healthcare

Realty

Trust,

Inc.

..........

2,465

36,358

Omega

Healthcare

Investors,

Inc.

......

1,151

40,605

Ventas,

Inc.

......................

1,768

5,384

Health

Care

Technology

—

0.07%

2,596

Veeva

Systems,

Inc.,

Class

-

A(a)

.......

601

Hotels,

Restaurants

&

Leisure

—

2.11%

10,037

Airbnb,

Inc.,

Class

-

A(a)

............

1,656

1,179

Booking

Holdings,

Inc.

..............

4,277

31,802

Carnival

Corp.(a)

..................

520

578

Chipotle

Mexican

Grill,

Inc.(a)

........

1,680

1,046

Choice

Hotels

International,

Inc.

.......

132

11,667

Marriott

International,

Inc.,

Class

-

A

....

2,944

84,727

Starbucks

Corp.

...................

7,743

310

Vail

Resorts,

Inc.

..................

69

19,021

Household

Durables

—

0.04%

2,470

Garmin

Ltd.

......................

368

Household

Products

—

1.00%

4,168

Church

&

Dwight

Co.,

Inc.

...........

435

9,514

Colgate-Palmolive

Co.

..............

857

7,129

Kimberly-Clark

Corp.

...............

922

2,554

The

Clorox

Co.

...................

391

39,328

The

Procter

&

Gamble

Co.

...........

6,381

8,986

Independent

Power

and

Renewable

Electricity

Producers

—

0.40%

51,268

Vistra

Corp.

......................

3,571

Industrial

Conglomerates

—

0.47%

12,543

3M

Co.

.........................

1,330

11,662

General

Electric

Co.

................

2,048

11

HC

CAPITAL

TRUST

The

U.S.

Equity

Portfolio

(formerly

The

Growth

Equity

Portfolio)

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Industrial

Conglomerates

(continued)

4,278

Honeywell

International,

Inc.

.........

$

878

4,256

Insurance

—

2.66%

9,715

Aflac,

Inc.

.......................

834

7,992

Aon

PLC,

Class

-

A

................

2,667

1,155

Arthur

J.

Gallagher

&

Co.

............

289

8,635

Assured

Guaranty

Ltd.

..............

753

36,463

Axis

Capital

Holdings

Ltd.

...........

2,371

11,297

Chubb

Ltd.

......................

2,928

76,525

Lincoln

National

Corp.

..............

2,443

11,845

Marsh

&

McLennan

Cos.,

Inc.

........

2,440

22,534

Principal

Financial

Group,

Inc.

........

1,945

4,893

Prudential

Financial,

Inc.

............

574

7,591

Reinsurance

Group

of

America,

Inc.

....

1,464

5,565

The

Progressive

Corp.

..............

1,151

6,974

The

Travelers

Cos.,

Inc.

.............

1,605

45,632

Unum

Group

.....................

2,449

23,913

Interactive

Media

&

Services

—

6.71%

98,385

Alphabet,

Inc.,

Class

-

A(a)

...........

14,849

147,747

Alphabet,

Inc.,

Class

-

C(a)

...........

22,496

646

IAC,

Inc.(a)

......................

34

1,412

Match

Group,

Inc.(a)

...............

51

47,312

Meta

Platforms,

Inc.,

Class

-

A

........

22,974

60,404

IT

Services

—

1.00%

12,354

Accenture

PLC,

Class

-

A

............

4,282

2,241

Cognizant

Technology

Solutions

Corp.,

Class

-

A

....................

164

7,292

MongoDB,

Inc.(a)

.................

2,615

18,740

Okta,

Inc.(a)

.....................

1,961

9,022

Leisure

Products

—

0.02%

1,422

Polaris,

Inc.

......................

142

Life

Sciences

Tools

&

Services

—

1.19%

4,564

Bio-Techne

Corp.

..................

321

440

Bruker

Corp.

.....................

41

11,718

Danaher

Corp.

....................

2,926

1,952

Fortrea

Holdings,

Inc.(a)

.............

78

758

Mettler-Toledo

International,

Inc.(a)

....

1,009

239

Revvity,

Inc.

.....................

25

9,568

Thermo

Fisher

Scientific,

Inc.

.........

5,562

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Life

Sciences

Tools

&

Services

(continued)

2,297

Waters

Corp.(a)

...................

$

791

10,753

Machinery

—

1.90%

9,555

Caterpillar,

Inc.

...................

3,500

100,000

CNH

Industrial

N.V.(a)

..............

1,296

4,840

Deere

&

Co.

.....................

1,988

3,369

Dover

Corp.

......................

597

5,857

Fortive

Corp.

.....................

504

1,569

Graco,

Inc.

......................

147

2,179

IDEX

Corp.

......................

532

8,257

Illinois

Tool

Works,

Inc.

.............

2,215

6,973

Ingersoll

Rand,

Inc.

................

662

506

Nordson

Corp.

....................

139

8,726

Otis

Worldwide

Corp.

...............

866

11,372

The

Middleby

Corp.(a)

..............

1,829

927

The

Toro

Co.

.....................

85

14,765

Westinghouse

Air

Brake

Technologies

Corp.

2,151

4,438

Xylem,

Inc.

......................

574

17,085

Media

—

0.36%

11,755

Liberty

Media

Corp.-Liberty

SiriusXM(a)

349

4,935

Omnicom

Group,

Inc.

...............

478

17,241

The

Interpublic

Group

of

Cos.,

Inc.

.....

563

21,211

The

Trade

Desk,

Inc.,

Class

-

A(a)

......

1,854

3,244

Metals

&

Mining

—

0.06%

12,963

United

States

Steel

Corp.

............

529

Mortgage

Real

Estate

Investment

Trusts

(REITs)

—

0.36%

51,318

AGNC

Investment

Corp.

............

508

210,454

Rithm

Capital

Corp.

................

2,349

20,515

Starwood

Property

Trust,

Inc.

.........

417

3,274

Multi-Utilities

—

0.46%

84,210

CenterPoint

Energy,

Inc.

.............

2,400

15,797

DTE

Energy

Co.

..................

1,771

4,171

Office

REITs

—

0.09%

30,614

Highwoods

Properties,

Inc.

...........

801

12

HC

CAPITAL

TRUST

The

U.S.

Equity

Portfolio

(formerly

The

Growth

Equity

Portfolio)

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Oil,

Gas

&

Consumable

Fuels

—

3.23%

54,988

Antero

Midstream

Corp.

.............

$

773

23,298

APA

Corp.

.......................

801

24,368

ConocoPhillips

...................

3,102

79,339

Devon

Energy

Corp.

................

3,980

7,898

DT

Midstream,

Inc.

................

483

21,212

EQT

Corp.

.......................

786

10,924

Exxon

Mobil

Corp.

................

1,270

161,493

Kinder

Morgan,

Inc.

................

2,962

114,575

Marathon

Oil

Corp.

................

3,247

13,944

ONEOK,

Inc.

.....................

1,118

4,640

Pioneer

Natural

Resources

Co.

........

1,218

95,111

Range

Resources

Corp.

..............

3,274

28,597

Targa

Resources

Corp.

..............

3,203

73,536

The

Williams

Cos.,

Inc.

.............

2,866

29,083

Passenger

Airlines

—

0.15%

10,129

Alaska

Air

Group,

Inc.(a)

............

435

18,665

Delta

Air

Lines,

Inc.

................

894

1,329

Personal

Care

Products

—

0.30%

9,986

L'Oreal

SA,

ADR

..................

947

11,196

The

Estee

Lauder

Cos.,

Inc.

..........

1,726

2,673

Pharmaceuticals

—

4.46%

27,249

Eli

Lilly

&

Co.

....................

21,199

31,287

Johnson

&

Johnson

................

4,949

55,581

Merck

&

Co.,

Inc.

.................

7,334

44,321

Novo

Nordisk

A/S,

ADR

.............

5,691

11,882

Viatris,

Inc.

......................

142

4,740

Zoetis,

Inc.

......................

802

40,117

Professional

Services

—

1.33%

45,157

Automatic

Data

Processing,

Inc.

.......

11,278

2,353

Equifax,

Inc.

.....................

629

1,391

SS&C

Technologies

Holdings,

Inc.

.....

90

11,997

Real

Estate

Management

&

Development

—

0.05%

1,272

CBRE

Group,

Inc.,

Class

-

A(a)

........

124

3,010

CoStar

Group,

Inc.(a)

...............

290

414

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Residential

REITs

—

0.01%

1,608

Equity

LifeStyle

Properties,

Inc.

.......

$

104

Retail

REITs

—

0.09%

52,271

SITE

Centers

Corp.

................

766

Semiconductors

&

Semiconductor

Equipment

—

10.39%

117,925

Advanced

Micro

Devices,

Inc.(a)

.......

21,284

8,866

Analog

Devices,

Inc.

...............

1,754

6,209

Applied

Materials,

Inc.

..............

1,280

3,238

ASML

Holding

N.V.,

NYS

...........

3,142

9,116

Broadcom,

Inc.

...................

12,082

4,234

First

Solar,

Inc.(a)

.................

715

63,448

Intel

Corp.

.......................

2,802

1,378

KLA

Corp.

......................

963

1,153

Lam

Research

Corp.

................

1,120

28,189

Marvell

Technology,

Inc.

............

1,998

3,708

Microchip

Technology,

Inc.

...........

333

7,602

Micron

Technology,

Inc.

.............

896

44,074

NVIDIA

Corp.

....................

39,824

3,257

ON

Semiconductor

Corp.(a)

..........

240

30,091

QUALCOMM,

Inc.

................

5,094

93,527

Software

—

12.03%

9,439

Adobe,

Inc.(a)

....................

4,763

1,974

ANSYS,

Inc.(a)

...................

685

908

Atlassian

Corp.,

Class

-

A(a)

..........

177

9,731

Cadence

Design

Systems,

Inc.(a)

.......

3,029

1,270

Corpay,

Inc.(a)

....................

392

9,116

Crowdstrike

Holdings,

Inc.,

Class

-

A(a)

.

2,922

6,515

Fortinet,

Inc.(a)

...................

445

1,928

HubSpot,

Inc.(a)

..................

1,208

5,422

Intuit,

Inc.

.......................

3,524

163,653

Microsoft

Corp.

...................

68,853

11,315

Oracle

Corp.

.....................

1,421

1,558

Palo

Alto

Networks,

Inc.(a)

...........

443

2,476

Roper

Technologies,

Inc.

.............

1,389

52,121

Salesforce,

Inc.

...................

15,698

4,191

ServiceNow,

Inc.(a)

................

3,195

151

Synopsys,

Inc.(a)

..................

86

566

Workday,

Inc.,

Class

-

A(a)

...........

154

108,384

Specialized

REITs

—

1.45%

2,302

American

Tower

Corp.

..............

455

55,269

EPR

Properties

...................

2,346

13

HC

CAPITAL

TRUST

The

U.S.

Equity

Portfolio

(formerly

The

Growth

Equity

Portfolio)

Portfolio

of

Investments

(concluded)

—

March

31,

2024

(Unaudited)

The

following

table

reflects

the

percentage

of

total

net

assets

of

the

Portfolio

attributable

to

each

Specialist

Manager

as

of

March

31,

2024.

Amounts

designated

as

“—”

indicate

the

Specialist

Manager

did

not

manage

any

holdings

in

that

category.

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Specialized

REITs

(continued)

12,378

Equinix,

Inc.

.....................

$

10,216

13,017

Specialty

Retail

—

3.40%

854

Advance

Auto

Parts,

Inc.

............

73

597

AutoZone,

Inc.(a)

..................

1,882

5,882

Best

Buy

Co.,

Inc.

.................

483

376

Burlington

Stores,

Inc.(a)

............

87

41,191

Lowe's

Cos.,

Inc.

..................

10,492

4,016

O'Reilly

Automotive,

Inc.(a)

..........

4,534

9,045

Ross

Stores,

Inc.

..................

1,327

10,393

The

Home

Depot,

Inc.

..............

3,987

66,781

The

TJX

Cos.,

Inc.

.................

6,772

1,256

Tractor

Supply

Co.

.................

329

1,253

Ulta

Beauty,

Inc.(a)

................

655

30,621

Technology

Hardware,

Storage

&

Peripherals

—

5.36%

281,109

Apple,

Inc.

......................

48,204

Textiles,

Apparel

&

Luxury

Goods

—

1.16%

1

Kontoor

Brands,

Inc.

...............

–

8,532

Lululemon

Athletica,

Inc.(a)

..........

3,333

15,785

LVMH

Moet

Hennessy

Louis

Vuitton

SE,

ADR

.......................

2,858

45,478

NIKE,

Inc.,

Class

-

B

...............

4,274

10,465

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Tobacco

—

0.18%

17,508

Philip

Morris

International,

Inc.

........

$

1,604

Trading

Companies

&

Distributors

—

0.53%

46,339

Air

Lease

Corp.

...................

2,383

14,448

Fastenal

Co.

......................

1,115

1,221

W.W.

Grainger,

Inc.

................

1,242

4,740

Total

Common

Stocks

..............

898,248

Investment

Companies

—

0.51%

Money

Market

Funds

—

0.51%

4,596,877

State

Street

Institutional

Treasury

Plus

Money

Market

Fund,

Trust

Class,

5.20%(c)

....................

4,597

Total

Investment

Companies

.........

4,597

Total

Investments

(cost

$251,953)

—

100.30%

....................

902,845

Liabilities

in

excess

of

other

assets

—

(0.30)%

....................

(2,681)

Net

Assets

-

100.00%

$

900,164

Amounts

designated

as

"—"

are

$0

or

have

been

rounded

to

$0.

(a)

Represents

non-income

producing

security.

(b)

Security

was

valued

using

significant

unobservable

inputs

as

of

March

31,

2024.

(c)

Annualized

7-day

yield

as

of

period-end.

ADR—American

Depositary

Receipt

REIT—Real

Estate

Investment

Trust

The

U.S.

Equity

Portfolio

Jennison

Associates,

LLC

Parametric

Portfolio

Associates,

LLC

Total

Common

Stocks

.......................................................................................................................................................

—

99.79

%

99.79

%

Investment

Companies

.............................................................................................................................................

—

0.51

%

0.51

%

Other

Assets

(Liabilities)

.........................................................................................................................................

0.01

%

-0.31

%

-0.30

%

Total

Net

Assets

..................................................................................................................................................

0.01

%

99.99

%

100.00

%

HC

CAPITAL

TRUST

The

Institutional

U.S.

Equity

Portfolio

Portfolio

of

Investments

—

March

31,

2024

(Unaudited)

14

Shares

Security

Description

Value

(000)

Common

Stocks

—

77

.36

%

Aerospace

&

Defense

—

1

.31

%

2,079

Axon

Enterprise,

Inc.

(a)

.............

$

651

692

BWX

Technologies,

Inc.

.............

71

290

Curtiss-Wright

Corp.

...............

74

9,179

General

Dynamics

Corp.

.............

2,593

1,717

HEICO

Corp.

.....................

328

2,756

HEICO

Corp.

,

Class

-

A

.............

424

636

Hexcel

Corp.

.....................

46

11,324

Howmet

Aerospace,

Inc.

.............

775

3,489

Huntington

Ingalls

Industries,

Inc.

......

1,016

9,182

L3Harris

Technologies,

Inc.

..........

1,956

8,608

Lockheed

Martin

Corp.

..............

3,916

373

Mercury

Systems,

Inc.

(a)

............

11

6,095

Northrop

Grumman

Corp.

............

2,918

47,958

RTX

Corp.

.......................

4,677

791

Spirit

AeroSystems

Holdings,

Inc.

,

Class

-

A

(a)

.......................

29

5,767

Textron,

Inc.

.....................

553

16,946

The

Boeing

Co.

(a)

.................

3,271

8,237

TransDigm

Group,

Inc.

..............

10,145

440

Woodward,

Inc.

...................

68

33,522

Air

Freight

&

Logistics

—

0

.26

%

10,333

C.H.

Robinson

Worldwide,

Inc.

........

787

5,701

Expeditors

International

of

Washington,

Inc.

693

6,915

FedEx

Corp.

.....................

2,003

884

GXO

Logistics,

Inc.

(a)

..............

48

21,910

United

Parcel

Service,

Inc.

,

Class

-

B

....

3,256

6,787

Automobile

Components

—

0

.05

%

8,149

Aptiv

PLC

(a)

.....................

650

7,078

BorgWarner,

Inc.

..................

245

1,782

Gentex

Corp.

.....................

64

1,752

Lear

Corp.

.......................

254

354

Phinia,

Inc.

......................

14

2,587

QuantumScape

Corp.

(a)

.............

16

1,243

Automobiles

—

0

.99

%

114,941

Ford

Motor

Co.

...................

1,526

38,401

General

Motors

Co.

................

1,742

1,020

Harley-Davidson,

Inc.

..............

45

5,629

Lucid

Group,

Inc.

(a)

................

16

19,693

Rivian

Automotive,

Inc.

,

Class

-

A

(a)

....

216

123,689

Tesla,

Inc.

(a)

.....................

21,742

392

Thor

Industries,

Inc.

................

46

25,333

Banks

—

2

.13

%

208,402

Bank

of

America

Corp.

..............

7,903

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Banks

(continued)

848

Bank

OZK

.......................

$

39

220

BOK

Financial

Corp.

...............

20

197,407

Citigroup,

Inc.

....................

12,484

13,754

Citizens

Financial

Group,

Inc.

.........

499

1,570

Columbia

Banking

System,

Inc.

.......

30

991

Comerica,

Inc.

....................

54

905

Commerce

Bancshares,

Inc.

..........

48

442

Cullen/Frost

Bankers,

Inc.

............

50

1,073

East

West

Bancorp,

Inc.

.............

85

19,904

Fifth

Third

Bancorp

................

740

302

First

Citizens

BancShares,

Inc.

,

Class

-

A

.

494

969

First

Hawaiian,

Inc.

................

21

4,262

First

Horizon

Corp.

................

66

2,714

FNB

Corp.

.......................

38

42,252

Huntington

Bancshares,

Inc.

..........

590

86,433

JPMorgan

Chase

&

Co.

.............

17,314

27,304

KeyCorp

........................

431

5,351

M&T

Bank

Corp.

..................

778

5,373

New

York

Community

Bancorp,

Inc.

....

17

17,933

NU

Holdings

Ltd.

,

Class

-

A

(a)

........

214

568

Pinnacle

Financial

Partners,

Inc.

.......

49

534

Popular,

Inc.

.....................

47

664

Prosperity

Bancshares,

Inc.

...........

44

27,181

Regions

Financial

Corp.

.............

572

1,092

Synovus

Financial

Corp.

.............

44

380

TFS

Financial

Corp.

................

5

11,664

The

PNC

Financial

Services

Group,

Inc.

.

1,885

39,007

Truist

Financial

Corp.

...............

1,521

45,619

U.S.

Bancorp

.....................

2,039

1,311

Webster

Financial

Corp.

.............

67

106,994

Wells

Fargo

&

Co.

.................

6,201

802

Western

Alliance

Bancorp

............

51

454

Wintrust

Financial

Corp.

.............

47

1,117

Zions

Bancorp

NA

.................

48

54,535

Beverages

—

1

.20

%

345

Brown-Forman

Corp.

,

Class

-

A

........

18

17,027

Brown-Forman

Corp.

,

Class

-

B

.......

879

4,476

Celsius

Holdings,

Inc.

(a)

.............

371

7,192

Constellation

Brands,

Inc.

,

Class

-

A

....

1,955

53,465

Fomento

Economico

Mexicano

SAB

de

CV

,

ADR

.......................

6,965

55,845

Keurig

Dr.

Pepper,

Inc.

..............

1,712

16,499

Molson

Coors

Beverage

Co.

,

Class

-

B

...

1,110

27,940

Monster

Beverage

Corp.

(a)

...........

1,656

45,069

PepsiCo,

Inc.

.....................

7,888

72

The

Boston

Beer

Co.,

Inc.

,

Class

-

A

(a)

..

22

131,972

The

Coca-Cola

Co.

.................

8,074

30,650

15

HC

CAPITAL

TRUST

The

Institutional

U.S.

Equity

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Biotechnology

—

1

.32

%

56,782

AbbVie,

Inc.

.....................

$

10,340

3,681

Alnylam

Pharmaceuticals,

Inc.

(a)

......

551

18,582

Amgen,

Inc.

......................

5,283

753

Apellis

Pharmaceuticals,

Inc.

(a)

.......

44

5,719

Biogen,

Inc.

(a)

....................

1,233

9,991

BioMarin

Pharmaceutical,

Inc.

(a)

......

872

5,266

Exact

Sciences

Corp.

(a)

.............

364

2,426

Exelixis,

Inc.

(a)

...................

58

46,710

Gilead

Sciences,

Inc.

...............

3,421

16,541

Incyte

Corp.

(a)

....................

942

1,071

Ionis

Pharmaceuticals,

Inc.

(a)

.........

46

9,557

Moderna,

Inc.

(a)

..................

1,018

834

Natera,

Inc.

(a)

....................

76

7,774

Neurocrine

Biosciences,

Inc.

(a)

........

1,072

3,776

Regeneron

Pharmaceuticals,

Inc.

(a)

.....

3,635

2,631

Roivant

Sciences

Ltd.

(a)

.............

28

676

Sarepta

Therapeutics,

Inc.

(a)

..........

88

602

Ultragenyx

Pharmaceutical,

Inc.

(a)

.....

28

4,825

United

Therapeutics

Corp.

(a)

.........

1,109

8,978

Vertex

Pharmaceuticals,

Inc.

(a)

........

3,753

33,961

Broadline

Retail

—

2

.33

%

315,899

Amazon.com,

Inc.

(a)

...............

56,982

8,281

Coupang,

Inc.

(a)

..................

147

15,265

eBay,

Inc.

.......................

805

3,658

Etsy,

Inc.

(a)

......................

252

834

Kohl's

Corp.

.....................

24

2,044

Macy's,

Inc.

......................

41

986

MercadoLibre,

Inc.

(a)

...............

1,491

848

Nordstrom,

Inc.

...................

17

473

Ollie's

Bargain

Outlet

Holdings,

Inc.

(a)

..

38

59,797

Building

Products

—

0

.34

%

3,594

A.O.

Smith

Corp.

..................

322

517

Advanced

Drainage

Systems,

Inc.

......

89

2,566

Allegion

PLC

....................

346

344

Armstrong

World

Industries,

Inc.

.......

43

3,629

Builders

FirstSource,

Inc.

(a)

..........

757

1,695

Carlisle

Cos.,

Inc.

..................

664

23,882

Carrier

Global

Corp.

................

1,389

3,704

Fortune

Brands

Innovations,

Inc.

.......

314

834

Hayward

Holdings,

Inc.

(a)

...........

13

19,918

Johnson

Controls

International

PLC

.....

1,301

930

Lennox

International,

Inc.

............

454

6,555

Masco

Corp.

.....................

517

2,602

Owens

Corning

...................

434

1,101

The

AZEK

Co.,

Inc.

(a)

..............

55

6,664

Trane

Technologies

PLC

.............

1,999

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Building

Products

(continued)

835

Trex

Co.,

Inc.

(a)

...................

$

83

8,780

Capital

Markets

—

2

.38

%

269

Affiliated

Managers

Group,

Inc.

.......

45

2,983

Ameriprise

Financial,

Inc.

............

1,308

4,892

Ares

Management

Corp.

,

Class

-

A

.....

650

4,389

BlackRock,

Inc.

...................

3,659

21,057

Blackstone,

Inc.

...................

2,767

3,493

Blue

Owl

Capital,

Inc.

..............

66

6,990

Cboe

Global

Markets,

Inc.

...........

1,285

13,858

CME

Group,

Inc.

..................

2,984

5,068

Coinbase

Global,

Inc.

,

Class

-

A

(a)

.....

1,343

277

Evercore,

Inc.

....................

53

1,775

FactSet

Research

Systems,

Inc.

........

807

8,952

Franklin

Resources,

Inc.

.............

252

375

Houlihan

Lokey,

Inc.

...............

48

794

Interactive

Brokers

Group,

Inc.

........

89

19,063

Intercontinental

Exchange,

Inc.

........

2,619

2,832

Invesco

Ltd.

......................

47

1,031

Janus

Henderson

Group

PLC

.........

34

1,500

Jefferies

Financial

Group,

Inc.

.........

66

17,519

KKR

&

Co.,

Inc.

..................

1,762

826

Lazard,

Inc.

......................

35

32,070

LPL

Financial

Holdings,

Inc.

..........

8,472

1,129

MarketAxess

Holdings,

Inc.

..........

248

4,790

Moody's

Corp.

....................

1,883

35,931

Morgan

Stanley

...................

3,383

189

Morningstar,

Inc.

..................

58

2,298

MSCI,

Inc.

......................

1,288

13,170

Nasdaq,

Inc.

.....................

832

6,025

Northern

Trust

Corp.

...............

536

5,779

Raymond

James

Financial,

Inc.

........

742

14,715

Robinhood

Markets,

Inc.

,

Class

-

A

(a)

...

296

27,606

S&P

Global,

Inc.

..................

11,743

5,108

SEI

Investments

Co.

................

367

9,196

State

Street

Corp.

..................

711

775

Stifel

Financial

Corp.

...............

61

6,492

T.

Rowe

Price

Group,

Inc.

............

791

22,404

The

Bank

of

New

York

Mellon

Corp.

....

1,291

6,256

The

Carlyle

Group,

Inc.

.............

294

44,348

The

Charles

Schwab

Corp.

...........

3,208

9,514

The

Goldman

Sachs

Group,

Inc.

.......

3,974

484

TPG,

Inc.

.......................

22

6,818

Tradeweb

Markets,

Inc.

,

Class

-

A

......

710

715

Virtu

Financial,

Inc.

,

Class

-

A

.........

15

2,509

XP,

Inc.

,

Class

-

A

.................

64

60,908

Chemicals

—

0

.96

%

8,062

Air

Products

and

Chemicals,

Inc.

.......

1,953

16

HC

CAPITAL

TRUST

The

Institutional

U.S.

Equity

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Chemicals

(continued)

3,429

Albemarle

Corp.

..................

$

452

384

Ashland,

Inc.

.....................

37

1,675

Axalta

Coating

Systems

Ltd.

(a)

........

58

2,984

Celanese

Corp.

....................

513

12,575

CF

Industries

Holdings,

Inc.

..........

1,046

29,368

Corteva,

Inc.

.....................

1,694

25,263

Dow,

Inc.

.......................

1,464

12,786

DuPont

de

Nemours,

Inc.

............

980

3,481

Eastman

Chemical

Co.

..............

349

7,458

Ecolab,

Inc.

......................

1,722

1,710

Element

Solutions,

Inc.

..............

43

10,589

FMC

Corp.

......................

674

11,599

Ginkgo

Bioworks

Holdings,

Inc.

(a)

.....

13

1,319

Huntsman

Corp.

...................

34

7,462

International

Flavors

&

Fragrances,

Inc.

..

641

14,764

Linde

PLC

.......................

6,857

10,139

LyondellBasell

Industries

N.V.

,

Class

-

A

.

1,037

48

NewMarket

Corp.

.................

30

975

Olin

Corp.

.......................

57

6,907

PPG

Industries,

Inc.

................

1,001

5,190

RPM

International,

Inc.

.............

618

1,117

The

Chemours

Co.

.................

29

9,644

The

Mosaic

Co.

...................

313

306

The

Scotts

Miracle-Gro

Co.

..........

23

7,704

The

Sherwin-Williams

Co.

...........

2,676

1,219

Westlake

Corp.

...................

186

24,500

Commercial

Services

&

Supplies

—

0

.47

%

2,634

Cintas

Corp.

.....................

1,810

387

Clean

Harbors,

Inc.

(a)

..............

78

25,242

Copart,

Inc.

(a)

....................

1,462

472

Driven

Brands

Holdings,

Inc.

(a)

.......

7

280

MSA

Safety,

Inc.

..................

54

1,372

RB

Global,

Inc.

...................

105

10,239

Republic

Services,

Inc.

..............

1,960

20,193

Rollins,

Inc.

......................

934

695

Stericycle,

Inc.

(a)

..................

37

399

Tetra

Tech,

Inc.

...................

74

6,705

Veralto

Corp.

.....................

594

892

Vestis

Corp.

......................

17

9,393

Waste

Connections,

Inc.

.............

1,616

15,879

Waste

Management,

Inc.

.............

3,385

12,133

Communications

Equipment

—

0

.43

%

7,638

Arista

Networks,

Inc.

(a)

.............

2,214

1,117

Ciena

Corp.

(a)

....................

55

124,763

Cisco

Systems,

Inc.

................

6,228

1,744

F5,

Inc.

(a)

.......................

331

9,375

Juniper

Networks,

Inc.

..............

348

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Communications

Equipment

(continued)

517

Lumentum

Holdings,

Inc.

(a)

..........

$

24

5,303

Motorola

Solutions,

Inc.

.............

1,882

31

Ubiquiti,

Inc.

.....................

4

886

Viasat,

Inc.

(a)

....................

16

11,102

Construction

&

Engineering

—

0

.11

%

3,991

AECOM

........................

391

354

EMCOR

Group,

Inc.

...............

124

462

MasTec,

Inc.

(a)

...................

43

1,532

MDU

Resources

Group,

Inc.

..........

39

4,245

Quanta

Services,

Inc.

...............

1,103

159

Valmont

Industries,

Inc.

.............

36

21,631

WillScot

Mobile

Mini

Holdings

Corp.

(a)

.

1,006

2,742

Construction

Materials

—

0

.43

%

101,803

CRH

PLC

.......................

8,781

271

Eagle

Materials,

Inc.

................

74

1,810

Martin

Marietta

Materials,

Inc.

........

1,111

3,891

Vulcan

Materials

Co.

...............

1,062

11,028

Consumer

Finance

—

0

.29

%

7,929

Ally

Financial,

Inc.

.................

322

17,217

American

Express

Co.

..............

3,920

11,138

Capital

One

Financial

Corp.

..........

1,658

50

Credit

Acceptance

Corp.

(a)

...........

28

7,328

Discover

Financial

Services

..........

960

870

OneMain

Holdings,

Inc.

.............

44

1,816

SLM

Corp.

......................

40

6,931

SoFi

Technologies,

Inc.

(a)

............

51

12,165

Synchrony

Financial

................

525

7,548

Consumer

Staples

Distribution

&

Retail

—

1

.46

%

11,049

Albertsons

Cos.,

Inc.

,

Class

-

A

........

236

281

Casey's

General

Stores,

Inc.

..........

89

13,317

Costco

Wholesale

Corp.

.............

9,756

11,046

Dollar

General

Corp.

...............

1,724

9,010

Dollar

Tree,

Inc.

(a)

.................

1,200

669

Grocery

Outlet

Holding

Corp.

(a)

.......

19

162

Maplebear,

Inc.

(a)

.................

6

1,153

Performance

Food

Group

Co.

(a)

.......

86

19,636

Sysco

Corp.

......................

1,594

13,506

Target

Corp.

.....................

2,393

38,230

The

Kroger

Co.

...................

2,184

163,796

U.S.

Foods

Holding

Corp.

(a)

..........

8,841

36,139

Walgreens

Boots

Alliance,

Inc.

........

784

17

HC

CAPITAL

TRUST

The

Institutional

U.S.

Equity

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Consumer

Staples

Distribution

&

Retail

(continued)

143,479

Walmart,

Inc.

.....................

$

8,634

37,546

Containers

&

Packaging

—

0

.19

%

75,233

Amcor

PLC

......................

715

497

AptarGroup,

Inc.

..................

72

1,131

Ardagh

Metal

Packaging

SA

..........

4

2,363

Avery

Dennison

Corp.

..............

528

12,335

Ball

Corp.

.......................

831

922

Berry

Global

Group,

Inc.

............

56

4,960

Crown

Holdings,

Inc.

...............

393

2,319

Graphic

Packaging

Holding

Co.

.......

68

21,090

International

Paper

Co.

..............

822

5,374

Packaging

Corp.

of

America

..........

1,019

1,105

Sealed

Air

Corp.

..................

41

638

Silgan

Holdings,

Inc.

...............

31

738

Sonoco

Products

Co.

...............

43

7,481

Westrock

Co.

.....................

370

4,993

Distributors

—

0

.07

%

6,762

Genuine

Parts

Co.

.................

1,047

7,786

LKQ

Corp.

......................

416

1,119

Pool

Corp.

.......................

452

1,915

Diversified

Consumer

Services

—

0

.01

%

1,585

ADT,

Inc.

.......................

11

436

Bright

Horizons

Family

Solutions,

Inc.

(a)

49

232

Grand

Canyon

Education,

Inc.

(a)

.......

32

1,154

H&R

Block,

Inc.

..................

57

605

Mister

Car

Wash,

Inc.

(a)

.............

5

1,134

Service

Corp.

International

...........

83

237

Diversified

REITs

—

0

.19

%

197,987

Empire

State

Realty

Trust,

Inc.

........

2,005

68,890

Essential

Properties

Realty

Trust,

Inc.

...

1,836

17,487

WP

Carey,

Inc.

....................

988

4,829

Diversified

Telecommunication

Services

—

0

.42

%

254,064

AT&T,

Inc.

......................

4,471

1,857

Frontier

Communications

Parent,

Inc.

(a)

.

45

942

Iridium

Communications,

Inc.

.........

25

10,608

Liberty

Global

Ltd.

,

Class

-

C

(a)

.......

187

144,036

Verizon

Communications,

Inc.

.........

6,045

10,773

Electric

Utilities

—

1

.14

%

22,932

Alliant

Energy

Corp.

...............

1,156

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Electric

Utilities

(continued)

24,674

American

Electric

Power

Co.,

Inc.

......

$

2,125

538

Avangrid,

Inc.

....................

20

9,384

Constellation

Energy

Corp.

...........

1,735

31,998

Duke

Energy

Corp.

.................

3,095

19,928

Edison

International

................

1,409

13,072

Entergy

Corp.

....................

1,382

21,676

Evergy,

Inc.

......................

1,157

22,555

Eversource

Energy

.................

1,348

47,776

Exelon

Corp.

.....................

1,796

35,192

FirstEnergy

Corp.

..................

1,359

825

Hawaiian

Electric

Industries,

Inc.

......

9

382

IDACORP,

Inc.

...................

35

68,848

NextEra

Energy,

Inc.

...............

4,400

11,105

NRG

Energy,

Inc.

..................

752

1,514

OGE

Energy

Corp.

.................

52

80,194

PG&E

Corp.

.....................

1,343

856

Pinnacle

West

Capital

Corp.

..........

64

46,294

PPL

Corp.

.......................

1,274

44,114

The

Southern

Co.

..................

3,164

29,296

Xcel

Energy,

Inc.

..................

1,575

29,250

Electrical

Equipment

—

0

.77

%

243

Acuity

Brands,

Inc.

................

65

7,859

AMETEK,

Inc.

...................

1,437

1,919

ChargePoint

Holdings,

Inc.

(a)

.........

4

11,808

Eaton

Corp.

PLC

..................

3,692

17,841

Emerson

Electric

Co.

...............

2,024

459

Generac

Holdings,

Inc.

(a)

............

58

2,076

Hubbell,

Inc.

.....................

862

1,253

nVent

Electric

PLC

.................

94

3,939

Plug

Power,

Inc.

(a)

.................

14

494

Regal

Rexnord

Corp.

...............

89

3,361

Rockwell

Automation,

Inc.

...........

979

1,147

Sensata

Technologies

Holding

PLC

.....

42

1,580

Sunrun,

Inc.

(a)

....................

21

127,559

Vertiv

Holdings

Co.

,

Class

-

A

.........

10,417

19,798

Electronic

Equipment,

Instruments

&

Components

—

0

.31

%

17,408

Amphenol

Corp.

,

Class

-

A

...........

2,009

440

Arrow

Electronics,

Inc.

(a)

............

57

690

Avnet,

Inc.

.......................

34

3,926

CDW

Corp.

......................

1,004

1,318

Cognex

Corp.

....................

56

993

Coherent

Corp.

(a)

.................

60

23,303

Corning,

Inc.

.....................

768

357

Crane

NXT

Co.

...................

22

226

IPG

Photonics

Corp.

(a)

..............

20

3,745

Jabil,

Inc.

.......................

501

18

HC

CAPITAL

TRUST

The

Institutional

U.S.

Equity

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Electronic

Equipment,

Instruments

&

Components

(continued)

5,140

Keysight

Technologies,

Inc.

(a)

........

$

804

183

Littelfuse,

Inc.

....................

44

445

TD

SYNNEX

Corp.

................

50

6,695

TE

Connectivity

Ltd.

...............

973

1,373

Teledyne

Technologies,

Inc.

(a)

........

590

7,251

Trimble,

Inc.

(a)

...................

467

1,197

Vontier

Corp.

.....................

54

1,500

Zebra

Technologies

Corp.

(a)

..........

452

7,965

Energy

Equipment

&

Services

—

0

.21

%

42,554

Baker

Hughes

Co.

.................

1,426

29,002

Halliburton

Co.

...................

1,143

2,968

NOV,

Inc.

.......................

58

50,118

Schlumberger

N.V.

.................

2,747

3,316

TechnipFMC

PLC

.................

83

5,457

Entertainment

—

1

.07

%

1,515

AMC

Entertainment

Holdings,

Inc.

(a)

...

6

11,771

Electronic

Arts,

Inc.

................

1,561

159

Liberty

Media

Corp.-Liberty

Formula

One

(a)

.....................

9

5,777

Liberty

Media

Corp.-Liberty

Formula

One

(a)

.....................

379

148

Liberty

Media

Corp.-Liberty

Live

(a)

....

6

355

Liberty

Media

Corp.-Liberty

Live

(a)

....

16

4,693

Live

Nation

Entertainment,

Inc.

(a)

......

496

141

Madison

Square

Garden

Sports

Corp.

(a)

..

26

25,942

Netflix,

Inc.

(a)

....................

15,757

178

Playtika

Holding

Corp.

..............

1

12,941

ROBLOX

Corp.

,

Class

-

A

(a)

.........

494

3,713

Roku,

Inc.

(a)

.....................

242

1,076

Spotify

Technology

SA

(a)

............

284

5,497

Take-Two

Interactive

Software,

Inc.

(a)

...

816

53,990

The

Walt

Disney

Co.

...............

6,607

464

TKO

Group

Holdings,

Inc.

...........

40

66,997

Warner

Bros.

Discovery,

Inc.

(a)

........

584

27,324

Financial

Services

—

4

.12

%

1,678

Affirm

Holdings,

Inc.

(a)

.............

63

80,196

Apollo

Global

Management,

Inc.

.......

9,018

43,700

Berkshire

Hathaway,

Inc.

,

Class

-

B

(a)

...

18,376

129,092

Block,

Inc.

(a)

.....................

10,917

7,267

Corebridge

Financial,

Inc.

............

209

10,084

Equitable

Holdings,

Inc.

.............

384

358

Euronet

Worldwide,

Inc.

(a)

...........

39

138,810

Fidelity

National

Information

Services,

Inc.

10,297

71,036

Fiserv,

Inc.

(a)

.....................

11,353

7,624

Global

Payments,

Inc.

...............

1,019

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Financial

Services

(continued)

5,006

Jack

Henry

&

Associates,

Inc.

.........

$

870

40,959

Mastercard,

Inc.

,

Class

-

A

...........

19,725

2,240

MGIC

Investment

Corp.

.............

50

487

NCR

Atleos

Corp.

(a)

...............

10

30,663

PayPal

Holdings,

Inc.

(a)

.............

2,054

860

Rocket

Cos.,

Inc.

,

Class

-

A

(a)

.........

13

383

Shift4

Payments,

Inc.

,

Class

-

A

(a)

......

25

2,823

The

Western

Union

Co.

..............

39

10,181

Toast,

Inc.

,

Class

-

A

(a)

..............

254

703

UWM

Holdings

Corp.

..............

5

74,083

Visa,

Inc.

,

Class

-

A

................

20,675

738

Voya

Financial,

Inc.

................

55

330

WEX,

Inc.

(a)

.....................

78

105,528

Food

Products

—

1

.20

%

26,866

Archer-Daniels-Midland

Co.

..........

1,688

10,472

Bunge

Global

SA

..................

1,074

27,441

Campbell

Soup

Co.

................

1,219

46,397

Conagra

Brands,

Inc.

...............

1,376

4,874

Darling

Ingredients,

Inc.

(a)

...........

226

1,421

Flowers

Foods,

Inc.

................

34

345

Freshpet,

Inc.

(a)

...................

40

30,818

General

Mills,

Inc.

.................

2,156

39,123

Hormel

Foods

Corp.

................

1,365

497

Ingredion,

Inc.

....................

58

24,365

Kellanova

.......................

1,396

83,435

Lamb

Weston

Holdings,

Inc.

..........

8,889

19,566

McCormick

&

Co.,

Inc.

.............

1,503

49,749

Mondelez

International,

Inc.

,

Class

-

A

...

3,483

353

Pilgrim's

Pride

Corp.

(a)

.............

12

409

Post

Holdings,

Inc.

(a)

...............

43

2

Seaboard

Corp.

...................

6

8,846

The

Hershey

Co.

..................

1,721

10,192

The

J.M.

Smucker

Co.

..............

1,283

49,962

The

Kraft

Heinz

Co.

................

1,843

22,071

Tyson

Foods,

Inc.

,

Class

-

A

..........

1,296

483

WK

Kellogg

Co.

..................

9

30,720

Gas

Utilities

—

0

.05

%

10,888

Atmos

Energy

Corp.

................

1,294

665

National

Fuel

Gas

Co.

..............

36

1,588

UGI

Corp.

.......................

39

1,369

Ground

Transportation

—

1

.52

%

154

Avis

Budget

Group,

Inc.

.............

19

89,703

Canadian

Pacific

Kansas

City

Ltd.

......

7,908

64,615

CSX

Corp.

.......................

2,395

1,015

Hertz

Global

Holdings,

Inc.

(a)

........

8

19

HC

CAPITAL

TRUST

The

Institutional

U.S.

Equity

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Ground

Transportation

(continued)

2,718

JB

Hunt

Transport

Services,

Inc.

.......

$

542

7,187

Knight-Swift

Transportation

Holdings,

Inc.

396

271

Landstar

System,

Inc.

...............

52

2,678

Lyft,

Inc.

,

Class

-

A

(a)

..............

52

7,607

Norfolk

Southern

Corp.

.............

1,938

5,758

Old

Dominion

Freight

Line,

Inc.

.......

1,263

346

Ryder

System,

Inc.

.................

42

201

Saia,

Inc.

(a)

......................

118

410

Schneider

National,

Inc.

,

Class

-

B

......

9

151,752

Uber

Technologies,

Inc.

(a)

...........

11,683

68

U-Haul

Holding

Co.

(a)

..............

5

3,169

U-Haul

Holding

Co.

................

212

50,163

Union

Pacific

Corp.

................

12,336

860

XPO,

Inc.

(a)

.....................

105

39,083

Health

Care

Equipment

&

Supplies

—

1

.80

%

54,853

Abbott

Laboratories

................

6,235

2,151

Align

Technology,

Inc.

(a)

............

705

30,612

Baxter

International,

Inc.

............

1,309

11,543

Becton

Dickinson

&

Co.

.............

2,856

165,406

Boston

Scientific

Corp.

(a)

............

11,329

1,625

DENTSPLY

SIRONA,

Inc.

...........

54

11,319

Dexcom,

Inc.

(a)

...................

1,570

17,736

Edwards

Lifesciences

Corp.

(a)

........

1,694

384

Enovis

Corp.

(a)

...................

24

1,234

Envista

Holdings

Corp.

(a)

............

26

16,459

GE

HealthCare

Technologies,

Inc.

......

1,497

897

Globus

Medical,

Inc.

(a)

.............

48

14,183

Hologic,

Inc.

(a)

...................

1,106

153

ICU

Medical,

Inc.

(a)

...............

16

2,426

IDEXX

Laboratories,

Inc.

(a)

..........

1,310

217

Inspire

Medical

Systems,

Inc.

(a)

.......

47

2,033

Insulet

Corp.

(a)

...................

348

549

Integra

LifeSciences

Holdings

Corp.

(a)

..

19

10,384

Intuitive

Surgical,

Inc.

(a)

............

4,144

360

Masimo

Corp.

(a)

..................

53

45,606

Medtronic

PLC

...................

3,975

784

Novocure

Ltd.

(a)

..................

12

270

Penumbra,

Inc.

(a)

..................

60

403

QuidelOrtho

Corp.

(a)

...............

19

5,323

ResMed,

Inc.

.....................

1,055

274

Shockwave

Medical,

Inc.

(a)

..........

89

3,583

STERIS

PLC

.....................

806

10,208

Stryker

Corp.

.....................

3,653

484

Tandem

Diabetes

Care,

Inc.

(a)

.........

17

1,375

Teleflex,

Inc.

.....................

311

5,763

The

Cooper

Cos.,

Inc.

...............

585

8,836

Zimmer

Biomet

Holdings,

Inc.

........

1,166

46,138

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Health

Care

Providers

&

Services

—

2

.10

%

675

Acadia

Healthcare

Co.,

Inc.

(a)

.........

$

53

2,205

agilon

health,

Inc.

(a)

................

13

243

Amedisys,

Inc.

(a)

..................

22

128,302

Brookdale

Senior

Living,

Inc.

(a)

.......

848

14,316

Cardinal

Health,

Inc.

...............

1,602

8,436

Cencora,

Inc.

.....................

2,049

24,179

Centene

Corp.

(a)

..................

1,897

111

Chemed

Corp.

....................

71

46,718

CVS

Health

Corp.

.................

3,726

7,129

DaVita,

Inc.

(a)

....................

984

8,281

Elevance

Health,

Inc.

...............

4,293

743

Encompass

Health

Corp.

.............

61

6,155

HCA

Healthcare,

Inc.

...............

2,053

11,070

Henry

Schein,

Inc.

(a)

...............

836

5,862

Humana,

Inc.

.....................

2,033

4,766

Laboratory

Corp.

of

America

Holdings

...

1,042

20,741

McKesson

Corp.

..................

11,137

3,158

Molina

Healthcare,

Inc.

(a)

...........

1,297

893

Premier,

Inc.

,

Class

-

A

..............

20

9,240

Quest

Diagnostics,

Inc.

..............

1,231

1,155

R1

RCM,

Inc.

(a)

..................

15

762

Tenet

Healthcare

Corp.

(a)

............

80

10,543

The

Cigna

Group

..................

3,829

28,584

UnitedHealth

Group,

Inc.

............

14,141

2,366

Universal

Health

Services,

Inc.

,

Class

-

B

.

432

53,765

Health

Care

REITs

—

0

.43

%

140,598

American

Healthcare

REIT,

Inc.

.......

2,074

73,993

CareTrust

REIT,

Inc.

...............

1,803

2,876

Healthcare

Realty

Trust,

Inc.

..........

41

41,563

Healthpeak

Properties,

Inc.

...........

780

4,504

Medical

Properties

Trust,

Inc.

.........

21

1,782

Omega

Healthcare

Investors,

Inc.

......

56

20,286

Ventas,

Inc.

......................

884

58,720

Welltower,

Inc.

....................

5,486

11,145

Health

Care

Technology

—

0

.04

%

881

Certara,

Inc.

(a)

....................

16

848

Doximity,

Inc.

,

Class

-

A

(a)

...........

23

1,218

Teladoc

Health,

Inc.

(a)

..............

18

4,419

Veeva

Systems,

Inc.

,

Class

-

A

(a)

.......

1,024

1,081

Hotel

&

Resort

REITs

—

0

.08

%

20,606

Host

Hotels

&

Resorts,

Inc.

...........

426

1,690

Park

Hotels

&

Resorts,

Inc.

...........

30

14,701

Ryman

Hospitality

Properties,

Inc.

......

1,699

2,155

20

HC

CAPITAL

TRUST

The

Institutional

U.S.

Equity

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Hotels,

Restaurants

&

Leisure

—

2

.17

%

12,629

Airbnb,

Inc.

,

Class

-

A

(a)

............

$

2,083

1,994

Aramark

........................

65

1,030

Booking

Holdings,

Inc.

..............

3,736

555

Boyd

Gaming

Corp.

................

37

6,291

Caesars

Entertainment,

Inc.

(a)

.........

275

29,421

Carnival

Corp.

(a)

..................

481

368

Cava

Group,

Inc.

(a)

................

26

806

Chipotle

Mexican

Grill,

Inc.

(a)

........

2,343

229

Choice

Hotels

International,

Inc.

.......

29

541

Churchill

Downs,

Inc.

...............

67

4,126

Darden

Restaurants,

Inc.

.............

689

2,013

Domino's

Pizza,

Inc.

................

1,000

7,995

DoorDash,

Inc.

,

Class

-

A

(a)

..........

1,101

12,250

DraftKings,

Inc.

(a)

.................

556

3,971

Expedia

Group,

Inc.

(a)

..............

547

46,988

Hilton

Worldwide

Holdings,

Inc.

.......

10,023

6,990

Hyatt

Hotels

Corp.

,

Class

-

A

.........

1,116

150,697

Las

Vegas

Sands

Corp.

..............

7,792

11,423

Marriott

International,

Inc.

,

Class

-

A

....

2,883

284

Marriott

Vacations

Worldwide

Corp.

....

31

23,795

McDonald's

Corp.

.................

6,709

8,206

MGM

Resorts

International

(a)

.........

387

3,172

Norwegian

Cruise

Line

Holdings

Ltd.

(a)

.

66

1,172

Penn

Entertainment,

Inc.

(a)

...........

21

113,466

Planet

Fitness,

Inc.

,

Class

-

A

(a)

.......

7,107

7,062

Royal

Caribbean

Cruises

Ltd.

(a)

.......

982

33,134

Starbucks

Corp.

...................

3,028

505

Texas

Roadhouse,

Inc.

..............

78

1,293

The

Wendy's

Co.

..................

24

560

Travel

+

Leisure

Co.

................

27

1,150

Vail

Resorts,

Inc.

..................

256

226

Wingstop,

Inc.

....................

83

635

Wyndham

Hotels

&

Resorts,

Inc.

.......

49

3,001

Wynn

Resorts

Ltd.

.................

307

12,067

Yum!

Brands,

Inc.

.................

1,673

55,677

Household

Durables

—

0

.56

%

12,487

D.R.

Horton,

Inc.

..................

2,055

4,466

Garmin

Ltd.

......................

665

1,009

Leggett

&

Platt,

Inc.

................

19

7,294

Lennar

Corp.

,

Class

-

A

..............

1,254

112

Lennar

Corp.

,

Class

-

B

.............

17

399

Mohawk

Industries,

Inc.

(a)

...........

52

2,863

Newell

Brands,

Inc.

................

23

91

NVR,

Inc.

(a)

.....................

737

6,344

PulteGroup,

Inc.

...................

765

151,246

Tempur

Sealy

International,

Inc.

.......

8,595

836

Toll

Brothers,

Inc.

.................

108

242

TopBuild

Corp.

(a)

.................

107

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Household

Durables

(continued)

404

Whirlpool

Corp.

...................

$

48

14,445

Household

Products

—

0

.80

%

1,016

BJ's

Wholesale

Club

Holdings,

Inc.

(a)

...

77

15,986

Church

&

Dwight

Co.,

Inc.

...........

1,667

33,552

Colgate-Palmolive

Co.

..............

3,022

17,235

Kimberly-Clark

Corp.

...............

2,229

412

Reynolds

Consumer

Products,

Inc.

.....

12

302

Spectrum

Brands

Holdings,

Inc.

.......

27

9,113

The

Clorox

Co.

...................

1,395

74,415

The

Procter

&

Gamble

Co.

...........

12,074

20,503

Independent

Power

and

Renewable

Electricity

Producers

—

0

.06

%

968

Brookfield

Renewable

Corp.

,

Class

-

A

..

24

261

Clearway

Energy,

Inc.

,

Class

-

A

.......

6

618

Clearway

Energy,

Inc.

,

Class

-

C

.......

14

19,520

The

AES

Corp.

...................

350

18,223

Vistra

Corp.

......................

1,269

1,663

Industrial

Conglomerates

—

0

.83

%

20,617

3M

Co.

.........................

2,187

84,056

General

Electric

Co.

................

14,754

21,065

Honeywell

International,

Inc.

.........

4,324

21,265

Industrial

REITs

—

0

.58

%

2,173

Americold

Realty

Trust,

Inc.

..........

54

11,642

EastGroup

Properties,

Inc.

...........

2,093

999

First

Industrial

Realty

Trust,

Inc.

.......

52

61,437

Plymouth

Industrial

REIT,

Inc.

........

1,382

86,028

Prologis,

Inc.

.....................

11,203

1,562

Rexford

Industrial

Realty,

Inc.

.........

79

1,356

STAG

Industrial,

Inc.

...............

52

14,915

Insurance

—

1

.94

%

22,746

Aflac,

Inc.

.......................

1,953

6,149

American

Financial

Group,

Inc.

........

840

20,742

American

International

Group,

Inc.

.....

1,622

7,066

Aon

PLC

,

Class

-

A

................

2,358

17,436

Arch

Capital

Group

Ltd.

(a)

...........

1,613

7,826

Arthur

J.

Gallagher

&

Co.

............

1,957

4,972

Assurant,

Inc.

....................

936

437

Assured

Guaranty

Ltd.

..............

38

590

Axis

Capital

Holdings

Ltd.

...........

38

514

Brighthouse

Financial,

Inc.

(a)

.........

26

8,994

Brown

&

Brown,

Inc.

...............

787

21

HC

CAPITAL

TRUST

The

Institutional

U.S.

Equity

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Insurance

(continued)

14,444

Chubb

Ltd.

......................

$

3,742

7,091

Cincinnati

Financial

Corp.

...........

881

207

CNA

Financial

Corp.

...............

9

2,155

Erie

Indemnity

Co.

,

Class

-

A

.........

866

2,881

Everest

Group

Ltd.

.................

1,145

7,555

Fidelity

National

Financial,

Inc.

.......

402

765

First

American

Financial

Corp.

........

47

6,496

Globe

Life,

Inc.

...................

756

482

Kemper

Corp.

....................

30

165

Kinsale

Capital

Group,

Inc.

...........

87

1,287

Lincoln

National

Corp.

..............

41

11,943

Loews

Corp.

.....................

935

764

Markel

Group,

Inc.

(a)

...............

1,163

16,297

Marsh

&

McLennan

Cos.,

Inc.

........

3,356

21,710

MetLife,

Inc.

.....................

1,608

2,054

Old

Republic

International

Corp.

.......

63

278

Primerica,

Inc.

....................

70

6,973

Principal

Financial

Group,

Inc.

........

602

10,559

Prudential

Financial,

Inc.

............

1,240

507

Reinsurance

Group

of

America,

Inc.

....

98

396

RenaissanceRe

Holdings

Ltd.

.........

93

304

RLI

Corp.

.......................

45

692

Ryan

Specialty

Holdings,

Inc.

.........

38

11,232

The

Allstate

Corp.

.................

1,943

268

The

Hanover

Insurance

Group,

Inc.

.....

36

14,153

The

Hartford

Financial

Services

Group,

Inc.

1,459

21,109

The

Progressive

Corp.

..............

4,365

9,964

The

Travelers

Cos.,

Inc.

.............

2,293

1,503

Unum

Group

.....................

81

14,090

W.R.

Berkley

Corp.

................

1,246

19

White

Mountains

Insurance

Group

Ltd.

..

34

32,161

Willis

Towers

Watson

PLC

...........

8,844

49,786

Interactive

Media

&

Services

—

4

.10

%

226,392

Alphabet,

Inc.

,

Class

-

A

(a)

...........

34,168

150,638

Alphabet,

Inc.

,

Class

-

C

(a)

...........

22,936

583

IAC,

Inc.

(a)

......................

31

8,183

Match

Group,

Inc.

(a)

...............

297

81,359

Meta

Platforms,

Inc.

,

Class

-

A

........

39,507

229,684

Pinterest,

Inc.

,

Class

-

A

(a)

...........

7,963

22,614

Snap,

Inc.

,

Class

-

A

(a)

..............

260

775

TripAdvisor,

Inc.

(a)

................

22

2,357

ZoomInfo

Technologies,

Inc.

(a)

........

38

105,222

IT

Services

—

1

.12

%

18,510

Accenture

PLC

,

Class

-

A

............

6,415

6,901

Akamai

Technologies,

Inc.

(a)

.........

751

901

Amdocs

Ltd.

.....................

81

8,666

Cloudflare,

Inc.

,

Class

-

A

(a)

..........

839

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

IT

Services

(continued)

14,688

Cognizant

Technology

Solutions

Corp.

,

Class

-

A

....................

$

1,076

1,745

DXC

Technology

Co.

(a)

.............

37

1,676

EPAM

Systems,

Inc.

(a)

..............

463

2,268

Gartner,

Inc.

(a)

...................

1,081

309

Globant

SA

(a)

....................

62

72,272

GoDaddy,

Inc.

,

Class

-

A

(a)

...........

8,578

30,582

International

Business

Machines

Corp.

...

5,840

1,741

Kyndryl

Holdings,

Inc.

(a)

............

38

2,080

MongoDB,

Inc.

(a)

.................

746

4,568

Okta,

Inc.

(a)

.....................

478

8,470

Snowflake,

Inc.

,

Class

-

A

(a)

..........

1,369

5,012

Twilio,

Inc.

,

Class

-

A

(a)

.............

306

2,666

VeriSign,

Inc.

(a)

...................

506

28,666

Leisure

Products

—

0

.02

%

548

Brunswick

Corp.

..................

53

92

Empire

Resorts,

Inc.

(a)

(b)

............

–

4,038

Hasbro,

Inc.

......................

228

2,666

Mattel,

Inc.

(a)

....................

53

2,337

Peloton

Interactive,

Inc.

,

Class

-

A

(a)

....

10

417

Polaris,

Inc.

......................

42

654

YETI

Holdings,

Inc.

(a)

..............

25

411

Life

Sciences

Tools

&

Services

—

1

.41

%

698

10X

Genomics,

Inc.

,

Class

-

A

(a)

.......

26

8,568

Agilent

Technologies,

Inc.

............

1,247

19,735

Avantor,

Inc.

(a)

...................

504

518

Azenta,

Inc.

(a)

....................

31

23,833

Bio-Rad

Laboratories,

Inc.

,

Class

-

A

(a)

..

8,243

4,593

Bio-Techne

Corp.

..................

323

813

Bruker

Corp.

.....................

76

1,491

Charles

River

Laboratories

International,

Inc.

(a)

......................

404

20,359

Danaher

Corp.

....................

5,084

672

Fortrea

Holdings,

Inc.

(a)

.............

27

625

ICON

PLC

(a)

....................

210

4,630

Illumina,

Inc.

(a)

...................

636

5,341

IQVIA

Holdings,

Inc.

(a)

.............

1,351

833

Maravai

LifeSciences

Holdings,

Inc.

,

Class

-

A

(a)

.......................

7

176

Medpace

Holdings,

Inc.

(a)

...........

71

632

Mettler-Toledo

International,

Inc.

(a)

....

842

1,668

QIAGEN

N.V.

(a)

..................

72

1,565

Repligen

Corp.

(a)

..................

288

3,627

Revvity,

Inc.

.....................

380

750

Sotera

Health

Co.

(a)

................

9

25,390

Thermo

Fisher

Scientific,

Inc.

.........

14,758

1,725

Waters

Corp.

(a)

...................

594

22

HC

CAPITAL

TRUST

The

Institutional

U.S.

Equity

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Life

Sciences

Tools

&

Services

(continued)

2,162

West

Pharmaceutical

Services,

Inc.

.....

$

855

36,038

Machinery

—

1

.12

%

471

AGCO

Corp.

.....................

58

699

Allison

Transmission

Holdings,

Inc.

....

57

15,736

Caterpillar,

Inc.

...................

5,765

29,017

CNH

Industrial

N.V.

(a)

..............

376

357

Crane

Co.

.......................

48

5,143

Cummins,

Inc.

....................

1,516

8,521

Deere

&

Co.

.....................

3,499

921

Donaldson

Co.,

Inc.

................

69

4,095

Dover

Corp.

......................

725

430

Esab

Corp.

.......................

48

987

Flowserve

Corp.

...................

45

10,295

Fortive

Corp.

.....................

886

1,263

Gates

Industrial

Corp.

PLC

(a)

.........

22

4,911

Graco,

Inc.

......................

459

3,357

IDEX

Corp.

......................

819

9,887

Illinois

Tool

Works,

Inc.

.............

2,653

11,849

Ingersoll

Rand,

Inc.

................

1,126

633

ITT,

Inc.

........................

86

425

Lincoln

Electric

Holdings,

Inc.

........

109

1,626

Nordson

Corp.

....................

446

498

Oshkosh

Corp.

....................

62

14,362

Otis

Worldwide

Corp.

...............

1,426

18,173

PACCAR,

Inc.

....................

2,251

3,756

Parker-Hannifin

Corp.

..............

2,088

4,828

Pentair

PLC

......................

413

214

RBC

Bearings,

Inc.

(a)

..............

58

2,681

Snap-on,

Inc.

.....................

794

4,480

Stanley

Black

&

Decker,

Inc.

.........

438

406

The

Middleby

Corp.

(a)

..............

65

464

The

Timken

Co.

...................

41

5,804

The

Toro

Co.

.....................

532

5,231

Westinghouse

Air

Brake

Technologies

Corp.

762

7,039

Xylem,

Inc.

......................

910

28,652

Marine

Transportation

—

0

.00

%

453

Kirby

Corp.

(a)

....................

43

Media

—

0

.45

%

44

Cable

One,

Inc.

...................

19

3,562

Charter

Communications,

Inc.

,

Class

-

A

(a)

1,035

125,767

Comcast

Corp.

,

Class

-

A

............

5,454

24,184

Fox

Corp.

,

Class

-

A

................

756

20,771

Fox

Corp.

,

Class

-

B

................

594

132

Liberty

Broadband

Corp.

,

Class

-

A

(a)

...

8

5,108

Liberty

Broadband

Corp.

,

Class

-

C

(a)

...

292

4,244

Liberty

Media

Corp.-Liberty

SiriusXM

(a)

126

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Media

(continued)

569

Liberty

Media

Corp.-Liberty

SiriusXM

(a)

$

17

11,254

News

Corp.

,

Class

-

A

...............

294

897

News

Corp.

,

Class

-

B

..............

24

258

Nexstar

Media

Group,

Inc.

...........

44

8,895

Omnicom

Group,

Inc.

...............

860

70

Paramount

Global

,

Class

-

A

..........

2

13,529

Paramount

Global

,

Class

-

B

..........

159

102,871

Sirius

XM

Holdings,

Inc.

^

...........

399

11,336

The

Interpublic

Group

of

Cos.,

Inc.

.....

370

1,232

The

New

York

Times

Co.

,

Class

-

A

.....

53

13,058

The

Trade

Desk,

Inc.

,

Class

-

A

(a)

......

1,142

11,648

Metals

&

Mining

—

0

.29

%

1,341

Alcoa

Corp.

......................

45

14,827

Cleveland-Cliffs,

Inc.

(a)

.............

337

41,939

Freeport-McMoRan,

Inc.

............

1,973

785

MP

Materials

Corp.

(a)

..............

11

57,333

Newmont

Corp.

...................

2,054

7,226

Nucor

Corp.

......................

1,430

2,372

Reliance,

Inc.

.....................

793

497

Royal

Gold,

Inc.

...................

61

648

Southern

Copper

Corp.

..............

69

1,562

SSR

Mining,

Inc.

..................

7

4,538

Steel

Dynamics,

Inc.

................

673

1,703

United

States

Steel

Corp.

............

69

7,522

Mortgage

Real

Estate

Investment

Trusts

(REITs)

—

0

.02

%

5,308

AGNC

Investment

Corp.

............

53

14,557

Annaly

Capital

Management,

Inc.

......

286

3,639

Rithm

Capital

Corp.

................

41

2,215

Starwood

Property

Trust,

Inc.

.........

45

425

Multi-Utilities

—

0

.61

%

18,606

Ameren

Corp.

....................

1,375

41,264

CenterPoint

Energy,

Inc.

.............

1,175

22,866

CMS

Energy

Corp.

.................

1,381

19,672

Consolidated

Edison,

Inc.

............

1,787

41,887

Dominion

Energy,

Inc.

..............

2,060

13,270

DTE

Energy

Co.

..................

1,489

40,732

NiSource,

Inc.

....................

1,126

25,802

Public

Service

Enterprise

Group,

Inc.

....

1,723

27,528

Sempra

.........................

1,976

19,858

WEC

Energy

Group,

Inc.

............

1,632

15,724

Office

REITs

—

0

.16

%

4,908

Alexandria

Real

Estate

Equities,

Inc.

....

632

23

HC

CAPITAL

TRUST

The

Institutional

U.S.

Equity

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Office

REITs

(continued)

4,447

Boston

Properties,

Inc.

..............

$

291

1,145

Cousins

Properties,

Inc.

.............

28

788

Highwoods

Properties,

Inc.

...........

21

30,914

Kilroy

Realty

Corp.

................

1,126

106

NET

Lease

Office

Properties

..........

3

34,475

SL

Green

Realty

Corp.

..............

1,900

1,338

Vornado

Realty

Trust

...............

38

4,039

Oil,

Gas

&

Consumable

Fuels

—

2

.26

%

2,550

Antero

Midstream

Corp.

.............

36

2,151

Antero

Resources

Corp.

(a)

...........

62

9,055

APA

Corp.

.......................

312

10,608

Cheniere

Energy,

Inc.

...............

1,711

7,599

Chesapeake

Energy

Corp.

............

675

56,281

Chevron

Corp.

....................

8,878

39,469

ConocoPhillips

...................

5,025

40,386

Coterra

Energy,

Inc.

................

1,126

18,748

Devon

Energy

Corp.

................

941

6,043

Diamondback

Energy,

Inc.

...........

1,197

735

DT

Midstream,

Inc.

................

45

21,209

EOG

Resources,

Inc.

...............

2,711

11,175

EQT

Corp.

.......................

414

123,943

Exxon

Mobil

Corp.

................

14,408

8,113

Hess

Corp.

.......................

1,238

12,491

HF

Sinclair

Corp.

..................

754

91,084

Kinder

Morgan,

Inc.

................

1,670

17,332

Marathon

Oil

Corp.

................

491

13,457

Marathon

Petroleum

Corp.

...........

2,711

418

New

Fortress

Energy,

Inc.

............

13

23,104

Occidental

Petroleum

Corp.

..........

1,502

17,057

ONEOK,

Inc.

.....................

1,368

7,540

Ovintiv,

Inc.

.....................

391

16,322

Phillips

66

.......................

2,665

6,829

Pioneer

Natural

Resources

Co.

........

1,793

1,786

Range

Resources

Corp.

..............

61

8,345

Southwestern

Energy

Co.

(a)

..........

63

6,272

Targa

Resources

Corp.

..............

702

909

Texas

Pacific

Land

Corp.

............

526

52,429

The

Williams

Cos.,

Inc.

.............

2,043

13,356

Valero

Energy

Corp.

................

2,280

57,812

Paper

&

Forest

Products

—

0

.00

%

485

Louisiana-Pacific

Corp.

.............

41

Passenger

Airlines

—

0

.03

%

949

Alaska

Air

Group,

Inc.

(a)

............

41

4,899

American

Airlines

Group,

Inc.

(a)

.......

75

8,542

Delta

Air

Lines,

Inc.

................

410

7,280

Southwest

Airlines

Co.

..............

212

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Passenger

Airlines

(continued)

2,474

United

Airlines

Holdings,

Inc.

(a)

.......

$

118

856

Personal

Care

Products

—

0

.09

%

2,665

Coty,

Inc.

,

Class

-

A

(a)

..............

32

50,569

Kenvue,

Inc.

.....................

1,086

943

Olaplex

Holdings,

Inc.

(a)

............

2

7,387

The

Estee

Lauder

Cos.,

Inc.

..........

1,138

2,258

Pharmaceuticals

—

2

.53

%

77,906

Bristol-Myers

Squibb

Co.

............

4,226

5,271

Catalent,

Inc.

(a)

...................

298

3,702

Elanco

Animal

Health,

Inc.

(a)

.........

60

35,019

Eli

Lilly

&

Co.

....................

27,243

61

Jazz

Pharmaceuticals

PLC

(a)

.........

7

5,554

Jazz

Pharmaceuticals

PLC

(a)

.........

668

76,292

Johnson

&

Johnson

................

12,070

81,580

Merck

&

Co.,

Inc.

.................

10,764

1,927

Organon

&

Co.

...................

36

1,019

Perrigo

Co.

PLC

..................

33

195,504

Pfizer,

Inc.

.......................

5,426

29,960

Royalty

Pharma

PLC

,

Class

-

A

........

910

60,682

Viatris,

Inc.

......................

724

13,478

Zoetis,

Inc.

......................

2,280

64,745

Professional

Services

—

0

.81

%

12,784

Automatic

Data

Processing,

Inc.

.......

3,192

8,407

Booz

Allen

Hamilton

Holding

Corp.

....

1,248

3,972

Broadridge

Financial

Solutions,

Inc.

....

813

171

CACI

International,

Inc.

,

Class

-

A

(a)

...

65

3,580

Clarivate

PLC

(a)

..................

27

322

Concentrix

Corp.

..................

21

4,341

Dayforce,

Inc.

(a)

..................

288

1,907

Dun

&

Bradstreet

Holdings,

Inc.

.......

19

3,598

Equifax,

Inc.

.....................

962

256

FTI

Consulting,

Inc.

(a)

..............

54

1,353

Genpact

Ltd.

.....................

45

4,601

Jacobs

Solutions,

Inc.

...............

707

1,034

KBR,

Inc.

.......................

66

9,509

Leidos

Holdings,

Inc.

...............

1,246

381

ManpowerGroup,

Inc.

..............

30

9,476

Paychex,

Inc.

.....................

1,164

1,569

Paycom

Software,

Inc.

..............

312

461

Paycor

HCM,

Inc.

(a)

...............

9

1,337

Paylocity

Holding

Corp.

(a)

...........

229

3,169

Robert

Half,

Inc.

..................

252

417

Science

Applications

International

Corp.

.

54

6,486

SS&C

Technologies

Holdings,

Inc.

.....

418

103,685

TransUnion

......................

8,274

24

HC

CAPITAL

TRUST

The

Institutional

U.S.

Equity

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Professional

Services

(continued)

5,637

Verisk

Analytics,

Inc.

...............

$

1,329

20,824

Real

Estate

Management

&

Development

—

0

.19

%

21,202

CBRE

Group,

Inc.

,

Class

-

A

(a)

........

2,062

31,206

Corp.

Inmobiliaria

Vesta

Sab

de

CV

,

ADR

1,225

11,935

CoStar

Group,

Inc.

(a)

...............

1,153

254

Howard

Hughes

Holdings,

Inc.

(a)

......

18

362

Jones

Lang

LaSalle,

Inc.

(a)

...........

71

427

Zillow

Group,

Inc.

,

Class

-

A

(a)

........

20

4,554

Zillow

Group,

Inc.

,

Class

-

C

(a)

........

222

4,771

Residential

REITs

—

0

.77

%

78,247

American

Homes

4

Rent

,

Class

-

A

.....

2,878

1,135

Apartment

Income

REIT

Corp.

........

37

25,693

AvalonBay

Communities,

Inc.

.........

4,766

7,717

Camden

Property

Trust

..............

759

11,737

Equity

LifeStyle

Properties,

Inc.

.......

756

17,069

Equity

Residential

.................

1,078

17,647

Essex

Property

Trust,

Inc.

............

4,319

25,067

Invitation

Homes,

Inc.

..............

893

6,408

Mid-America

Apartment

Communities,

Inc.

844

15,497

Sun

Communities,

Inc.

..............

1,993

17,284

UDR,

Inc.

.......................

647

48,723

Veris

Residential,

Inc.

...............

741

19,711

Retail

REITs

—

0

.58

%

60,702

Acadia

Realty

Trust

................

1,033

758

Agree

Realty

Corp.

................

43

51,191

Brixmor

Property

Group,

Inc.

.........

1,200

609

Federal

Realty

Investment

Trust

.......

62

19,641

Kimco

Realty

Corp.

................

385

46,418

NETSTREIT

Corp.

................

853

1,373

NNN

REIT,

Inc.

...................

59

30,830

Phillips

Edison

&

Co.,

Inc.

...........

1,106

35,760

Realty

Income

Corp.

...............

1,934

7,464

Regency

Centers

Corp.

..............

452

35,855

Simon

Property

Group,

Inc.

..........

5,612

50,694

Tanger,

Inc.

......................

1,497

32,224

The

Macerich

Co.

.................

555

14,791

Semiconductors

&

Semiconductor

Equipment

—

6

.27

%

47,457

Advanced

Micro

Devices,

Inc.

(a)

.......

8,566

503

Allegro

MicroSystems,

Inc.

(a)

.........

14

14,721

Analog

Devices,

Inc.

...............

2,911

65,410

Applied

Materials,

Inc.

..............

13,489

12,985

Broadcom,

Inc.

...................

17,210

416

Cirrus

Logic,

Inc.

(a)

................

39

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Semiconductors

&

Semiconductor

Equipment

(continued)

3,961

Enphase

Energy,

Inc.

(a)

.............

$

479

4,376

Entegris,

Inc.

.....................

615

3,001

First

Solar,

Inc.

(a)

.................

507

592

GLOBALFOUNDRIES,

Inc.

(a)

.......

31

124,328

Intel

Corp.

.......................

5,492

4,032

KLA

Corp.

......................

2,816

3,896

Lam

Research

Corp.

................

3,785

4,011

Lattice

Semiconductor

Corp.

(a)

........

313

25,249

Marvell

Technology,

Inc.

............

1,790

15,825

Microchip

Technology,

Inc.

...........

1,419

32,571

Micron

Technology,

Inc.

.............

3,839

501

MKS

Instruments,

Inc.

..............

67

1,388

Monolithic

Power

Systems,

Inc.

.......

940

82,278

NVIDIA

Corp.

....................

74,344

5,576

NXP

Semiconductors

N.V.

...........

1,382

12,628

ON

Semiconductor

Corp.

(a)

..........

928

2,870

Qorvo,

Inc.

(a)

....................

330

32,930

QUALCOMM,

Inc.

................

5,575

4,674

Skyworks

Solutions,

Inc.

............

507

58,874

Taiwan

Semiconductor

Manufacturing

Co.

Ltd.

,

ADR

...................

8,010

4,492

Teradyne,

Inc.

....................

507

26,613

Texas

Instruments,

Inc.

..............

4,636

353

Universal

Display

Corp.

.............

59

934

Wolfspeed,

Inc.

(a)

.................

28

160,628

Software

—

7

.28

%

25,879

Adobe,

Inc.

(a)

....................

13,059

2,540

ANSYS,

Inc.

(a)

...................

882

5,538

AppLovin

Corp.

,

Class

-

A

(a)

.........

383

2,053

Aspen

Technology,

Inc.

(a)

............

438

4,540

Atlassian

Corp.

,

Class

-

A

(a)

..........

886

6,276

Autodesk,

Inc.

(a)

..................

1,634

6,087

Bentley

Systems,

Inc.

,

Class

-

B

.......

318

3,021

BILL

Holdings,

Inc.

(a)

..............

207

7,988

Cadence

Design

Systems,

Inc.

(a)

.......

2,486

2,596

CCC

Intelligent

Solutions

Holdings,

Inc.

(a)

31

5,674

Confluent,

Inc.

,

Class

-

A

(a)

..........

174

2,109

Corpay,

Inc.

(a)

....................

651

29,287

Crowdstrike

Holdings,

Inc.

,

Class

-

A

(a)

.

9,388

8,051

Datadog,

Inc.

,

Class

-

A

(a)

...........

995

5,971

DocuSign,

Inc.

(a)

..................

355

449

Dolby

Laboratories,

Inc.

,

Class

-

A

.....

38

1,050

DoubleVerify

Holdings,

Inc.

(a)

........

37

8,055

Dropbox,

Inc.

,

Class

-

A

(a)

...........

196

7,933

Dynatrace,

Inc.

(a)

.................

368

615

Elastic

N.V.

(a)

....................

62

720

Fair

Isaac

Corp.

(a)

.................

900

531

Five9,

Inc.

(a)

.....................

33

19,085

Fortinet,

Inc.

(a)

...................

1,303

25

HC

CAPITAL

TRUST

The

Institutional

U.S.

Equity

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Software

(continued)

37,964

Gen

Digital,

Inc.

..................

$

850

663

Gitlab,

Inc.

,

Class

-

A

(a)

.............

39

622

Guidewire

Software,

Inc.

(a)

..........

73

701

HashiCorp,

Inc.

,

Class

-

A

(a)

..........

19

1,405

HubSpot,

Inc.

(a)

..................

880

279

Informatica,

Inc.

,

Class

-

A

(a)

.........

10

8,203

Intuit,

Inc.

.......................

5,332

1,794

Manhattan

Associates,

Inc.

(a)

.........

449

229,269

Microsoft

Corp.

...................

96,455

528

nCino,

Inc.

(a)

....................

20

974

NCR

Voyix

Corp.

(a)

................

12

1,858

Nutanix,

Inc.

,

Class

-

A

(a)

............

115

48,947

Oracle

Corp.

.....................

6,149

55,074

Palantir

Technologies,

Inc.

,

Class

-

A

(a)

..

1,267

9,170

Palo

Alto

Networks,

Inc.

(a)

...........

2,606

314

Pegasystems,

Inc.

..................

20

592

Procore

Technologies,

Inc.

(a)

.........

49

3,466

PTC,

Inc.

(a)

......................

654

646

RingCentral,

Inc.

,

Class

-

A

(a)

.........

22

3,785

Roper

Technologies,

Inc.

.............

2,123

54,565

Salesforce,

Inc.

...................

16,433

4,041

Samsara,

Inc.

,

Class

-

A

(a)

...........

153

1,746

SentinelOne,

Inc.

,

Class

-

A

(a)

........

41

6,046

ServiceNow,

Inc.

(a)

................

4,610

964

Smartsheet,

Inc.

,

Class

-

A

(a)

.........

37

4,500

Synopsys,

Inc.

(a)

..................

2,572

776

Teradata

Corp.

(a)

..................

30

1,225

Tyler

Technologies,

Inc.

(a)

...........

521

11,360

UiPath,

Inc.

,

Class

-

A

(a)

............

258

7,938

Unity

Software,

Inc.

(a)

..............

212

31,245

Workday,

Inc.

,

Class

-

A

(a)

...........

8,522

7,262

Zoom

Video

Communications,

Inc.

,

Class

-

A

(a)

.......................

475

2,608

Zscaler,

Inc.

(a)

....................

503

186,335

Specialized

REITs

—

1

.29

%

18,704

American

Tower

Corp.

..............

3,695

16,029

Crown

Castle,

Inc.

.................

1,696

45,296

CubeSmart

......................

2,049

30,544

Digital

Realty

Trust,

Inc.

.............

4,399

561

EPR

Properties

...................

24

9,446

Equinix,

Inc.

.....................

7,795

21,299

Extra

Space

Storage,

Inc.

............

3,130

16,785

Gaming

and

Leisure

Properties,

Inc.

....

773

34,860

Iron

Mountain,

Inc.

................

2,796

9,262

Lamar

Advertising

Co.

,

Class

-

A

.......

1,106

603

National

Storage

Affiliates

Trust

.......

24

6,473

Public

Storage

....................

1,878

1,105

Rayonier,

Inc.

....................

37

4,313

SBA

Communications

Corp.

..........

935

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Specialized

REITs

(continued)

64,534

VICI

Properties,

Inc.

...............

$

1,924

21,315

Weyerhaeuser

Co.

.................

766

33,027

Specialty

Retail

—

1

.84

%

449

Advance

Auto

Parts,

Inc.

............

38

230

AutoNation,

Inc.

(a)

................

38

727

AutoZone,

Inc.

(a)

..................

2,291

179,889

Bath

&

Body

Works,

Inc.

............

8,997

5,646

Best

Buy

Co.,

Inc.

.................

463

1,888

Burlington

Stores,

Inc.

(a)

............

438

4,615

CarMax,

Inc.

(a)

...................

402

1,766

Dick's

Sporting

Goods,

Inc.

...........

397

414

Five

Below,

Inc.

(a)

.................

75

783

Floor

&

Decor

Holdings,

Inc.

,

Class

-

A

(a)

101

2,036

GameStop

Corp.

,

Class

-

A

(a)

.........

25

206

Lithia

Motors,

Inc.

.................

62

17,023

Lowe's

Cos.,

Inc.

..................

4,336

149

Murphy

USA,

Inc.

.................

62

2,359

O'Reilly

Automotive,

Inc.

(a)

..........

2,664

152

Penske

Automotive

Group,

Inc.

........

25

610

Petco

Health

&

Wellness

Co.,

Inc.

(a)

....

1

123

RH

(a)

..........................

43

9,807

Ross

Stores,

Inc.

..................

1,440

1,475

The

Gap,

Inc.

.....................

41

29,380

The

Home

Depot,

Inc.

..............

11,270

114,326

The

TJX

Cos.,

Inc.

.................

11,595

3,833

Tractor

Supply

Co.

.................

1,004

1,425

Ulta

Beauty,

Inc.

(a)

................

745

1,302

Valvoline,

Inc.

(a)

..................

58

615

Victoria's

Secret

&

Co.

(a)

............

12

644

Wayfair,

Inc.

,

Class

-

A

(a)

............

44

1,815

Williams-Sonoma,

Inc.

..............

577

47,244

Technology

Hardware,

Storage

&

Peripherals

—

3

.36

%

472,778

Apple,

Inc.

......................

81,074

5,195

Dell

Technologies,

Inc.

,

Class

-

C

......

593

38,070

Hewlett

Packard

Enterprise

Co.

........

674

26,995

HP,

Inc.

.........................

815

6,073

NetApp,

Inc.

.....................

638

2,163

Pure

Storage,

Inc.

,

Class

-

A

(a)

........

112

4,309

Seagate

Technology

Holdings

PLC

.....

401

1,088

Super

Micro

Computer,

Inc.

(a)

........

1,099

9,513

Western

Digital

Corp.

(a)

.............

649

86,055

Textiles,

Apparel

&

Luxury

Goods

—

0

.23

%

227

Birkenstock

Holding

PLC

(a)

..........

11

930

Capri

Holdings

Ltd.

(a)

..............

42

283

Carter's,

Inc.

.....................

24

26

HC

CAPITAL

TRUST

The

Institutional

U.S.

Equity

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Textiles,

Apparel

&

Luxury

Goods

(continued)

273

Columbia

Sportswear

Co.

............

$

22

459

Crocs,

Inc.

(a)

.....................

66

755

Deckers

Outdoor

Corp.

(a)

............

710

3,344

Lululemon

Athletica,

Inc.

(a)

..........

1,306

35,444

NIKE,

Inc.

,

Class

-

B

...............

3,332

478

PVH

Corp.

......................

67

307

Ralph

Lauren

Corp.

................

58

1,015

Skechers

USA,

Inc.

,

Class

-

A

(a)

.......

62

1,791

Tapestry,

Inc.

.....................

85

1,429

Under

Armour,

Inc.

,

Class

-

A

(a)

.......

11

1,440

Under

Armour,

Inc.

,

Class

-

C

(a)

.......

10

2,652

V.F.

Corp.

.......................

41

5,847

Tobacco

—

0

.62

%

72,919

Altria

Group,

Inc.

..................

3,182

139,936

Philip

Morris

International,

Inc.

........

12,820

16,002

Trading

Companies

&

Distributors

—

0

.59

%

98,282

AerCap

Holdings

N.V.

(a)

............

8,541

472

AerCap

Holdings

N.V.

(a)

............

41

788

Air

Lease

Corp.

...................

41

1,330

Core

&

Main,

Inc.

,

Class

-

A

(a)

........

76

18,594

Fastenal

Co.

......................

1,434

5,963

Ferguson

PLC

....................

1,303

350

MSC

Industrial

Direct

Co.,

Inc.

........

34

337

SiteOne

Landscape

Supply,

Inc.

(a)

......

59

1,985

United

Rentals,

Inc.

................

1,431

1,606

W.W.

Grainger,

Inc.

................

1,634

989

Watsco,

Inc.

......................

427

338

WESCO

International,

Inc.

...........

58

15,079

Water

Utilities

—

0

.08

%

9,834

American

Water

Works

Co.,

Inc.

.......

1,202

22,528

Essential

Utilities,

Inc.

..............

834

2,036

Wireless

Telecommunication

Services

—

0

.12

%

18,438

T-Mobile

US,

Inc.

.................

3,009

Total

Common

Stocks

..............

1,983,355

Contingent

Rights

—

0

.00

%

Biotechnology

—

0

.00

%

14

Oncternal

Therapeutics,

Inc.

,

(a)

(b)

(c)

...

–

Shares

Security

Description

Value

(000)

Contingent

Rights

(continued)

Diversified

Telecommunication

Services

—

0

.00

%

338

Mirati

Therapeutics

CVR

,

01/01/26

(a)

(b)

.

$

–

Total

Contingent

Rights

............

–

Investment

Companies

—

20

.79

%

Domestic

Equity

Funds

—

16

.28

%

1,603,406

Invesco

S&P

500

Low

Volatility

ETF

....

105,616

247,110

iShares

Core

S&P

500

ETF

...........

129,914

211,260

iShares

Core

S&P

Total

U.S.

Stock

Market

ETF

.......................

24,358

12,288

iShares

Russell

1000

ETF

............

3,539

269,110

Vanguard

S&P

500

ETF

.............

129,361

93,660

Vanguard

Total

Stock

Market

ETF

......

24,342

417,130

Money

Market

Funds

—

4

.51

%

386,976

Federated

Hermes

Treasury

Obligations

Fund,

Institutional

Shares

,

5

.17

%

^^

(d)

387

115,351,827

State

Street

Institutional

Treasury

Plus

Money

Market

Fund,

Trust

Class

,

5

.20

%

(d)

....................

115,352

115,739

Total

Investment

Companies

.........

532,869

Purchased

Options

on

Futures

—

0

.02

%

Total

Purchased

Options

on

Futures

...

478

Total

Investments

(cost

$

1,658,034

)

—

98

.17

%

.....................

2,516,702

Other

assets

in

excess

of

liabilities

—

1

.83

%

......................

46,803

Net

Assets

-

100.00%

$

2,563,505

Amounts

designated

as

"—"

are

$0

or

have

been

rounded

to

$0.

^

All

or

part

of

this

security

was

on

loan

as

of

March

31,

2024.

^^

Purchased

with

cash

collateral

held

from

securities

lending.

The

value

of

the

collateral

could

include

collateral

held

for

securities

that

were

sold

on

or

before

March

31,

2024.

(a)

Represents

non-income

producing

security.

(b)

Security

was

valued

using

significant

unobservable

inputs

as

of

March

31,

2024.

(c)

Represents

a

security

purchased

under

Rule

144A

or

Section

4(2)

and

is

exempt

from

registration

under

the

Securities

Act

of

1933,

as

amended,

or

is

otherwise

restricted

to

resale.

Certain

of

these

securities

may

be

resold

in

transactions

exempt

from

registration,

normally

to

qualified

institutional

buyers.

These

securities

have

been

deemed

liquid

by

the

Specialist

Manager.

(d)

Annualized

7-day

yield

as

of

period-end.

ADR—American

Depositary

Receipt

27

HC

CAPITAL

TRUST

The

Institutional

U.S.

Equity

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

The

following

table

reflects

the

percentage

of

total

net

assets

of

the

Portfolio

attributable

to

each

Specialist

Manager

as

of

March

31,

2024

.

Amounts

designated

as

"—"

indicate

the

Specialist

Manager

did

not

manage

any

holdings

in

that

category. 

ETF—Exchange-Traded

Fund

REIT—Real

Estate

Investment

Trust

The

Institutional

U.S.

Equity

Portfolio

Jennison

Associates,

LLC

Mellon

Investments

Corporation

Parametric

Portfolio

Associates,

LLC

Wellington

Management

Company,

LLC

Rhumbline

Advisers

Monashee

Investment

Management,

LLC

Total

Common

Stocks

......................................................

—

60.14

%

—

2.81

%

14.41

%

—

77.36

%

Contingent

Right

.....................................................

—

0.00

%

—

—

0.00

%

—

0.00

%

Investment

Companies

............................................

—

0.05

%

8.30

%

0.02

%

0.16

%

12.26

%

20.79

%

Purchased

Options

on

Futures

................................

—

—

0.01

—

—

0.01

%

0.02

%

Other

Assets

(Liabilities)

........................................

0.01

%

0.10

%

0.20

%

0.02

%

0.01

%

1.49

%

1.83

%

Total

Net

Assets

.................................................

0.01

%

60.29

%

8.51

%

2.85

%

14.58

%

13.76

%

100.00

The

following

table

reflects

the

open

derivative

positions

held

by

the

Portfolio

as

of

March

31,

2024

.

Futures

Contracts

Purchased

*

Description

Number

of

Contracts

Expiration

Date

Notional

Amount

(000)

Value

and

Unrealized

Appreciation/

(Depreciation)

(000)

E-Mini

S&P

500

Future

.........................

685

6/21/24

$

181,816

$

2,862

Russell

2000

Mini

Index

Future

...................

29

6/21/24

3,112

54

$

184,928

$

2,916

Total

Unrealized

Appreciation

.....................

$

2,916

Total

Unrealized

Depreciation

.....................

—

Total

Net

Unrealized

Appreciation/(Depreciation)

.......

$

2,916

*

Cash

has

been

pledged

as

collateral

for

futures

contracts

held

by

the

Portfolio.

Options

on

Futures

Contracts

Exchange-traded

options

on

futures

contacts

written

as

of

March

31,

2024

were

as

follows:

Description

Put/Call

Number

of

Contracts

Notional

Amount

(000)

Exercise

Price

Expiration

Date

Value

(000)

E-Mini

S&P

500

Future

Option

.............

Call

25

$

6,813

$

5,450.00

5/31/24

$

(

52

)

E-Mini

S&P

500

Future

Option

.............

Call

25

6,781

5,425.00

5/31/24

(

62

)

E-Mini

S&P

500

Future

Option

.............

Call

25

6,875

5,500.00

6/21/24

(

52

)

E-Mini

S&P

500

Future

Option

.............

Call

25

6,813

5,450.00

6/21/24

(

71

)

E-Mini

S&P

500

Future

Option

.............

Call

25

6,750

5,400.00

6/21/24

(

94

)

E-Mini

S&P

500

Future

Option

.............

Call

25

6,938

5,550.00

6/28/24

(

62

)

E-Mini

S&P

500

Future

Option

.............

Call

25

6,875

5,500.00

6/28/24

(

83

)

E-Mini

S&P

500

Future

Option

.............

Put

58

12,615

4,350.00

4/19/24

(

4

)

E-Mini

S&P

500

Future

Option

.............

Put

57

12,896

4,525.00

4/19/24

(

5

)

28

HC

CAPITAL

TRUST

The

Institutional

U.S.

Equity

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Options

on

Futures

Contracts

(continued)

Description

Put/Call

Number

of

Contracts

Notional

Amount

(000)

Exercise

Price

Expiration

Date

Value

(000)

E-Mini

S&P

500

Future

Option

.............

Put

68

$

15,045

$

4,425.00

4/19/24

$

(

5

)

E-Mini

S&P

500

Future

Option

.............

Put

47

10,164

4,325.00

4/19/24

(

3

)

E-Mini

S&P

500

Future

Option

.............

Put

46

10,235

4,450.00

4/19/24

(

3

)

E-Mini

S&P

500

Future

Option

.............

Put

52

11,700

4,500.00

4/19/24

(

4

)

E-Mini

S&P

500

Future

Option

.............

Put

58

12,760

4,400.00

4/19/24

(

4

)

E-Mini

S&P

500

Future

Option

.............

Put

18

4,680

5,200.00

4/19/24

(

19

)

E-Mini

S&P

500

Future

Option

.............

Put

12

3,060

5,100.00

4/26/24

(

20

)

E-Mini

S&P

500

Future

Option

.............

Put

58

14,384

4,960.00

4/30/24

(

23

)

E-Mini

S&P

500

Future

Option

.............

Put

58

13,978

4,820.00

4/30/24

(

14

)

E-Mini

S&P

500

Future

Option

.............

Put

37

8,464

4,575.00

4/30/24

(

5

)

E-Mini

S&P

500

Future

Option

.............

Put

56

13,230

4,725.00

4/30/24

(

10

)

E-Mini

S&P

500

Future

Option

.............

Put

7

1,628

4,650.00

4/30/24

(

1

)

E-Mini

S&P

500

Future

Option

.............

Put

64

14,800

4,625.00

4/30/24

(

9

)

E-Mini

S&P

500

Future

Option

.............

Put

74

17,019

4,600.00

4/30/24

(

10

)

E-Mini

S&P

500

Future

Option

.............

Put

18

4,680

5,200.00

4/30/24

(

28

)

E-Mini

S&P

500

Future

Option

.............

Put

58

13,775

4,750.00

4/30/24

(

11

)

E-Mini

S&P

500

Future

Option

.............

Put

29

6,598

4,550.00

4/30/24

(

4

)

E-Mini

S&P

500

Future

Option

.............

Put

35

7,919

4,525.00

4/30/24

(

4

)

E-Mini

S&P

500

Future

Option

.............

Put

13

3,237

4,980.00

5/10/24

(

20

)

E-Mini

S&P

500

Future

Option

.............

Put

64

15,359

4,800.00

5/17/24

(

31

)

E-Mini

S&P

500

Future

Option

.............

Put

29

7,178

4,950.00

5/17/24

(

24

)

E-Mini

S&P

500

Future

Option

.............

Put

29

7,178

4,950.00

5/17/24

(

50

)

E-Mini

S&P

500

Future

Option

.............

Put

6

1,445

4,815.00

5/17/24

(

6

)

E-Mini

S&P

500

Future

Option

.............

Put

82

19,577

4,775.00

5/17/24

(

37

)

E-Mini

S&P

500

Future

Option

.............

Put

13

3,104

4,775.00

5/17/24

(

12

)

E-Mini

S&P

500

Future

Option

.............

Put

109

25,887

4,750.00

5/17/24

(

46

)

E-Mini

S&P

500

Future

Option

.............

Put

102

24,097

4,725.00

5/17/24

(

40

)

E-Mini

S&P

500

Future

Option

.............

Put

98

23,029

4,700.00

5/17/24

(

36

)

E-Mini

S&P

500

Future

Option

.............

Put

14

3,448

4,925.00

5/17/24

(

22

)

E-Mini

S&P

500

Future

Option

.............

Put

116

27,114

4,675.00

5/17/24

(

39

)

E-Mini

S&P

500

Future

Option

.............

Put

48

11,160

4,650.00

5/17/24

(

15

)

E-Mini

S&P

500

Future

Option

.............

Put

29

6,706

4,625.00

5/17/24

(

9

)

E-Mini

S&P

500

Future

Option

.............

Put

29

6,525

4,500.00

5/17/24

(

7

)

E-Mini

S&P

500

Future

Option

.............

Put

35

7,788

4,450.00

5/17/24

(

7

)

E-Mini

S&P

500

Future

Option

.............

Put

82

19,782

4,825.00

5/17/24

(

43

)

E-Mini

S&P

500

Future

Option

.............

Put

40

8,850

4,425.00

5/17/24

(

8

)

E-Mini

S&P

500

Future

Option

.............

Put

29

6,308

4,350.00

5/17/24

(

5

)

E-Mini

S&P

500

Future

Option

.............

Put

29

7,033

4,850.00

5/17/24

(

16

)

E-Mini

S&P

500

Future

Option

.............

Put

24

5,820

4,850.00

5/31/24

(

20

)

E-Mini

S&P

500

Future

Option

.............

Put

24

5,730

4,775.00

5/31/24

(

31

)

E-Mini

S&P

500

Future

Option

.............

Put

6

1,440

4,800.00

5/31/24

(

9

)

E-Mini

S&P

500

Future

Option

.............

Put

12

2,910

4,850.00

5/31/24

(

20

)

E-Mini

S&P

500

Future

Option

.............

Put

15

3,694

4,925.00

5/31/24

(

32

)

E-Mini

S&P

500

Future

Option

.............

Put

18

4,338

4,820.00

5/31/24

(

28

)

E-Mini

S&P

500

Future

Option

.............

Put

12

2,850

4,750.00

5/31/24

(

15

)

E-Mini

S&P

500

Future

Option

.............

Put

23

5,635

4,900.00

5/31/24

(

22

)

E-Mini

S&P

500

Future

Option

.............

Put

15

3,645

4,860.00

5/31/24

(

26

)

E-Mini

S&P

500

Future

Option

.............

Put

103

24,333

4,725.00

5/31/24

(

59

)

E-Mini

S&P

500

Future

Option

.............

Put

15

3,630

4,840.00

5/31/24

(

25

)

E-Mini

S&P

500

Future

Option

.............

Put

20

4,870

4,870.00

5/31/24

(

36

)

E-Mini

S&P

500

Future

Option

.............

Put

29

6,634

4,575.00

5/31/24

(

12

)

29

HC

CAPITAL

TRUST

The

Institutional

U.S.

Equity

Portfolio

Portfolio

of

Investments

(concluded)

—

March

31,

2024

(Unaudited)

Options

on

Futures

Contracts

(continued)

Description

Put/Call

Number

of

Contracts

Notional

Amount

(000)

Exercise

Price

Expiration

Date

Value

(000)

E-Mini

S&P

500

Future

Option

.............

Put

18

$

4,365

$

4,850.00

5/31/24

$

(

30

)

E-Mini

S&P

500

Future

Option

.............

Put

29

6,670

4,600.00

5/31/24

(

12

)

E-Mini

S&P

500

Future

Option

.............

Put

115

26,737

4,650.00

5/31/24

(

55

)

E-Mini

S&P

500

Future

Option

.............

Put

96

22,559

4,700.00

5/31/24

(

52

)

E-Mini

S&P

500

Future

Option

.............

Put

18

4,433

4,925.00

5/31/24

(

19

)

E-Mini

S&P

500

Future

Option

.............

Put

12

2,940

4,900.00

5/31/24

(

24

)

E-Mini

S&P

500

Future

Option

.............

Put

10

2,350

4,700.00

6/21/24

(

17

)

E-Mini

S&P

500

Future

Option

.............

Put

30

7,200

4,800.00

6/21/24

(

66

)

E-Mini

S&P

500

Future

Option

.............

Put

42

10,133

4,825.00

6/21/24

(

51

)

E-Mini

S&P

500

Future

Option

.............

Put

23

5,474

4,760.00

6/21/24

(

45

)

E-Mini

S&P

500

Future

Option

.............

Put

21

4,988

4,750.00

6/21/24

(

21

)

$

(

1,862

)

Exchanged-traded

options

on

futures

contacts

purchased

as

of

March

31,

2024

were

as

follows:

Description

Put/Call

Number

of

Contracts

Notional

Amount

(000)

Exercise

Price

Expiration

Date

Value

(000)

E-Mini

S&P

500

Future

Option

.............

Put

23

$

5,348

$

4,650.00

4/19/24

$

2

E-Mini

S&P

500

Future

Option

.............

Put

55

12,993

4,725.00

4/19/24

6

E-Mini

S&P

500

Future

Option

.............

Put

29

7,395

5,100.00

4/19/24

14

E-Mini

S&P

500

Future

Option

.............

Put

36

8,730

4,850.00

4/19/24

12

E-Mini

S&P

500

Future

Option

.............

Put

29

7,323

5,050.00

4/19/24

25

E-Mini

S&P

500

Future

Option

.............

Put

52

12,220

4,700.00

4/19/24

6

E-Mini

S&P

500

Future

Option

.............

Put

18

4,311

4,790.00

4/30/24

9

E-Mini

S&P

500

Future

Option

.............

Put

20

4,900

4,900.00

4/30/24

13

E-Mini

S&P

500

Future

Option

.............

Put

15

3,615

4,820.00

4/30/24

8

E-Mini

S&P

500

Future

Option

.............

Put

30

7,200

4,800.00

4/30/24

15

E-Mini

S&P

500

Future

Option

.............

Put

25

6,450

5,160.00

4/30/24

30

E-Mini

S&P

500

Future

Option

.............

Put

15

3,608

4,810.00

4/30/24

8

E-Mini

S&P

500

Future

Option

.............

Put

54

13,770

10,200.00

4/30/24

44

E-Mini

S&P

500

Future

Option

.............

Put

25

6,188

4,950.00

5/31/24

29

E-Mini

S&P

500

Future

Option

.............

Put

25

6,219

4,975.00

5/31/24

31

E-Mini

S&P

500

Future

Option

.............

Put

75

18,562

4,950.00

6/21/24

130

E-Mini

S&P

500

Future

Option

.............

Put

50

12,499

5,000.00

6/28/24

97

$

479

HC

CAPITAL

TRUST

The

Small

Capitalization-Mid

Capitalization

Equity

Portfolio

Portfolio

of

Investments

—

March

31,

2024

(Unaudited)

30

Shares

Security

Description

Value

(000)

Common

Stocks

—

99

.09

%

Aerospace

&

Defense

—

0

.80

%

1,081

AAR

Corp.

(a)

....................

$

65

327

AeroVironment,

Inc.

(a)

..............

50

609

Cadre

Holdings,

Inc.

................

22

700

Curtiss-Wright

Corp.

...............

179

1,094

Ducommun,

Inc.

(a)

................

56

9,052

Kratos

Defense

&

Security

Solutions,

Inc.

(a)

166

64

Moog,

Inc.

,

Class

-

A

...............

10

460

National

Presto

Industries,

Inc.

........

39

4,289

Rocket

Lab

USA,

Inc.

(a)

............

18

4,770

Triumph

Group,

Inc.

(a)

..............

72

677

Air

Freight

&

Logistics

—

0

.22

%

4,462

Forward

Air

Corp.

.................

138

1,172

Hub

Group,

Inc.

,

Class

-

A

...........

51

189

Automobile

Components

—

1

.81

%

1,571

Adient

PLC

(a)

....................

52

2,008

American

Axle

&

Manufacturing

Holdings,

Inc.

(a)

......................

15

12,225

Dana,

Inc.

.......................

155

554

Dorman

Products,

Inc.

(a)

............

53

1,023

Gentherm,

Inc.

(a)

..................

59

9,227

Modine

Manufacturing

Co.

(a)

.........

878

930

Patrick

Industries,

Inc.

..............

111

817

Stoneridge,

Inc.

(a)

.................

15

3,211

The

Goodyear

Tire

&

Rubber

Co.

(a)

....

44

872

Visteon

Corp.

(a)

...................

103

708

XPEL,

Inc.

(a)

....................

38

1,523

Automobiles

—

0

.05

%

522

Winnebago

Industries,

Inc.

...........

39

Banks

—

8

.63

%

894

1st

Source

Corp.

..................

47

1,715

Ameris

Bancorp

...................

83

1,712

Axos

Financial,

Inc.

(a)

..............

93

3,234

Banc

of

California,

Inc.

.............

49

1,048

BancFirst

Corp.

...................

92

2,296

Bank

of

Marin

Bancorp

.............

39

6,251

BankUnited,

Inc.

..................

175

1,471

Bankwell

Financial

Group,

Inc.

........

38

2,970

BCB

Bancorp,

Inc.

.................

31

4,171

Berkshire

Hills

Bancorp,

Inc.

.........

96

418

Byline

Bancorp,

Inc.

................

9

5,139

Cadence

Bank

....................

149

3,999

Capitol

Federal

Financial,

Inc.

.........

24

2,951

Cathay

General

Bancorp

.............

112

1,054

Central

Valley

Community

Bancorp

.....

21

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Banks

(continued)

1,445

Colony

Bankcorp,

Inc.

..............

$

17

3,735

Columbia

Banking

System,

Inc.

.......

72

3,488

Columbia

Financial,

Inc.

(a)

...........

60

1,092

Community

Bank

System,

Inc.

........

52

1,095

Community

Trust

Bancorp,

Inc.

........

47

2,630

ConnectOne

Bancorp,

Inc.

...........

51

777

Cullen/Frost

Bankers,

Inc.

............

87

9,064

CVB

Financial

Corp.

...............

162

710

Dime

Community

Bancshares,

Inc.

.....

14

688

Enterprise

Financial

Services

Corp.

.....

28

6,060

FB

Financial

Corp.

.................

228

851

Financial

Institutions,

Inc.

............

16

2,460

First

Bancorp

.....................

89

24,739

First

Bancorp

.....................

433

2,341

First

Bank

.......................

32

3,516

First

Busey

Corp.

..................

85

3,703

First

Commonwealth

Financial

Corp.

....

52

3,478

First

Financial

Bancorp

..............

78

22,418

First

Foundation,

Inc.

...............

169

5,034

First

Horizon

Corp.

................

78

3,590

First

Merchants

Corp.

...............

125

1,077

First

Mid

Bancshares,

Inc.

...........

35

6,458

Fulton

Financial

Corp.

..............

103

1,287

German

American

Bancorp,

Inc.

.......

45

561

Glacier

Bancorp,

Inc.

...............

23

3,205

Hancock

Whitney

Corp.

.............

148

868

Hilltop

Holdings,

Inc.

...............

27

18,862

HomeStreet,

Inc.

..................

283

4,173

Hope

Bancorp,

Inc.

................

48

3,570

Independent

Bank

Corp.

.............

186

1,662

Independent

Bank

Group,

Inc.

.........

76

129

International

Bancshares

Corp.

........

7

4,010

Lakeland

Bancorp,

Inc.

..............

49

1,193

Lakeland

Financial

Corp.

............

79

2,021

Live

Oak

Bancshares,

Inc.

...........

84

1,295

Midland

States

Bancorp,

Inc.

.........

33

1,943

National

Bank

Holdings

Corp.

,

Class

-

A

.

70

695

NBT

Bancorp,

Inc.

.................

25

663

Nicolet

Bankshares,

Inc.

.............

57

1,622

Northrim

Bancorp,

Inc.

..............

82

3,969

Northwest

Bancshares,

Inc.

...........

46

6,060

OceanFirst

Financial

Corp.

...........

99

3,649

OFG

Bancorp

....................

134

2,194

Old

Second

Bancorp,

Inc.

............

30

1,467

Origin

Bancorp,

Inc.

................

46

1,149

Orrstown

Financial

Services,

Inc.

......

31

1,042

Pacific

Premier

Bancorp,

Inc.

.........

25

286

Pathward

Financial,

Inc.

.............

14

559

Peoples

Bancorp,

Inc.

...............

17

1,889

Pinnacle

Financial

Partners,

Inc.

.......

162

2,873

Popular,

Inc.

.....................

253

31

HC

CAPITAL

TRUST

The

Small

Capitalization-Mid

Capitalization

Equity

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Banks

(continued)

3,360

Premier

Financial

Corp.

.............

$

68

3,750

Provident

Bancorp,

Inc.

(a)

...........

34

8,896

Provident

Financial

Services,

Inc.

......

130

1,157

QCR

Holdings,

Inc.

................

70

670

Renasant

Corp.

...................

21

635

Sandy

Spring

Bancorp,

Inc.

...........

15

1,467

Seacoast

Banking

Corp.

of

Florida

......

37

990

ServisFirst

Bancshares,

Inc.

..........

66

3,954

Simmons

First

National

Corp.

,

Class

-

A

.

77

921

Southside

Bancshares,

Inc.

...........

27

3,405

Sterling

Bancorp,

Inc.

(a)

.............

18

1,311

Stock

Yards

Bancorp,

Inc.

............

64

510

Texas

Capital

Bancshares,

Inc.

(a)

......

31

14,418

The

Bancorp,

Inc.

(a)

................

481

2,444

The

Bank

of

N.T.

Butterfield

&

Son

Ltd.

.

78

3,235

Towne

Bank

.....................

91

393

TriCo

Bancshares

..................

14

240

Triumph

Financial,

Inc.

(a)

............

19

596

TrustCo

Bank

Corp.

NY

.............

17

2,275

United

Bankshares,

Inc.

.............

81

3,391

United

Community

Banks,

Inc.

........

89

2,044

Univest

Financial

Corp.

.............

43

2,879

Veritex

Holdings,

Inc.

...............

59

4,326

WesBanco,

Inc.

...................

129

623

Western

New

England

Bancorp,

Inc.

....

5

963

Wintrust

Financial

Corp.

.............

101

1,135

WSFS

Financial

Corp.

..............

51

7,266

Beverages

—

0

.27

%

1,320

Celsius

Holdings,

Inc.

(a)

.............

109

6,267

Primo

Water

Corp.

.................

115

341

The

Vita

Coco

Co.,

Inc.

(a)

...........

8

232

Biotechnology

—

8

.36

%

16,564

2seventy

bio,

Inc.

(a)

................

89

13,699

4D

Molecular

Therapeutics,

Inc.

(a)

.....

436

10,211

Adicet

Bio,

Inc.

(a)

.................

24

892

Agios

Pharmaceuticals,

Inc.

(a)

........

26

665

Alkermes

PLC

(a)

..................

18

5,570

Altimmune,

Inc.

(a)

.................

57

1,323

Anavex

Life

Sciences

Corp.

^

(a)

.......

7

468

Apellis

Pharmaceuticals,

Inc.

(a)

.......

28

695

Arcellx,

Inc.

(a)

...................

48

987

Arcus

Biosciences,

Inc.

(a)

............

19

7,407

Arcutis

Biotherapeutics,

Inc.

(a)

........

73

2,416

Arrowhead

Pharmaceuticals,

Inc.

(a)

.....

69

11,191

BioAtla,

Inc.

(a)

...................

38

2,743

BioCryst

Pharmaceuticals,

Inc.

(a)

......

14

769

Biohaven

Ltd.

(a)

..................

42

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Biotechnology

(continued)

29,713

Bioxcel

Therapeutics,

Inc.

(a)

..........

$

84

1,111

Blueprint

Medicines

Corp.

(a)

.........

105

15,620

Bridgebio

Pharma,

Inc.

(a)

............

482

1,190

Catalyst

Pharmaceuticals,

Inc.

(a)

.......

19

455

Crinetics

Pharmaceuticals,

Inc.

(a)

......

21

6,626

Cue

Biopharma,

Inc.

(a)

..............

13

1,049

Cytokinetics,

Inc.

(a)

................

74

1,214

Day

One

Biopharmaceuticals,

Inc.

(a)

....

20

24,003

Design

Therapeutics,

Inc.

(a)

..........

97

3,633

Dynavax

Technologies

Corp.

(a)

........

45

2,140

Enanta

Pharmaceuticals,

Inc.

(a)

........

37

7,862

Erasca,

Inc.

(a)

....................

16

4,978

Halozyme

Therapeutics,

Inc.

(a)

........

203

385

Immunovant,

Inc.

(a)

................

12

1,019

Insmed,

Inc.

(a)

....................

28

2,089

Intellia

Therapeutics,

Inc.

(a)

..........

57

4,834

Iovance

Biotherapeutics,

Inc.

(a)

.......

72

704

Keros

Therapeutics,

Inc.

(a)

...........

47

442

Kiniksa

Pharmaceuticals

Ltd.

,

Class

-

A

(a)

9

9,060

Kodiak

Sciences,

Inc.

(a)

.............

48

388

Krystal

Biotech,

Inc.

(a)

..............

69

4,749

Larimar

Therapeutics,

Inc.

(a)

.........

36

22,219

MacroGenics,

Inc.

(a)

...............

327

2,208

Madrigal

Pharmaceuticals,

Inc.

(a)

......

589

3,976

MannKind

Corp.

(a)

................

18

5,968

Monte

Rosa

Therapeutics,

Inc.

(a)

......

42

636

Morphic

Holding,

Inc.

(a)

............

22

1,311

Myriad

Genetics,

Inc.

(a)

.............

28

432

Natera,

Inc.

(a)

....................

40

30,739

Nkarta,

Inc.

(a)

....................

332

2,923

Nurix

Therapeutics,

Inc.

(a)

...........

43

612

Nuvalent,

Inc.

,

Class

-

A

(a)

...........

46

6,995

Olema

Pharmaceuticals,

Inc.

(a)

........

79

2,087

PDL

BioPharma,

Inc.

(a)

.............

3

7,030

Poseida

Therapeutics,

Inc.

(a)

..........

22

2,301

Prime

Medicine,

Inc.

(a)

.............

16

913

Protagonist

Therapeutics,

Inc.

(a)

.......

26

700

Prothena

Corp.

PLC

(a)

..............

17

1,755

PTC

Therapeutics,

Inc.

(a)

............

51

1,996

Recursion

Pharmaceuticals,

Inc.

,

Class

-

A

(a)

.......................

20

2,123

Relay

Therapeutics,

Inc.

(a)

...........

18

3,305

REVOLUTION

Medicines,

Inc.

(a)

.....

107

745

Rhythm

Pharmaceuticals,

Inc.

(a)

.......

32

2,459

Rocket

Pharmaceuticals,

Inc.

(a)

........

66

1,372

SpringWorks

Therapeutics,

Inc.

(a)

......

68

3,817

Stoke

Therapeutics,

Inc.

(a)

...........

52

2,137

Syndax

Pharmaceuticals,

Inc.

(a)

.......

51

12,178

Tenaya

Therapeutics,

Inc.

(a)

..........

64

2,710

TG

Therapeutics,

Inc.

(a)

.............

41

574

Twist

Bioscience

Corp.

(a)

............

20

32

HC

CAPITAL

TRUST

The

Small

Capitalization-Mid

Capitalization

Equity

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Biotechnology

(continued)

604

United

Therapeutics

Corp.

(a)

.........

$

139

8,199

Vanda

Pharmaceuticals,

Inc.

(a)

........

34

3,598

Vaxcyte,

Inc.

(a)

...................

246

1,163

Veracyte,

Inc.

(a)

...................

26

1,839

Vericel

Corp.

(a)

...................

96

1,455

Verve

Therapeutics,

Inc.

(a)

...........

19

16,422

Viking

Therapeutics,

Inc.

(a)

..........

1,346

1,039

Viridian

Therapeutics,

Inc.

(a)

.........

18

1,954

Xencor,

Inc.

(a)

....................

43

1,004

XOMA

Corp.

(a)

...................

24

14,136

Y-mAbs

Therapeutics,

Inc.

(a)

.........

230

7,043

Broadline

Retail

—

0

.48

%

331

Etsy,

Inc.

(a)

......................

23

15,740

Groupon,

Inc.

(a)

..................

210

8,527

Macy's,

Inc.

......................

170

403

Building

Products

—

2

.17

%

1,948

Apogee

Enterprises,

Inc.

.............

115

2,770

AZZ,

Inc.

.......................

214

1,565

Builders

FirstSource,

Inc.

(a)

..........

327

354

CSW

Industrials,

Inc.

...............

83

441

Gibraltar

Industries,

Inc.

(a)

...........

36

1,230

Griffon

Corp.

.....................

90

443

Insteel

Industries,

Inc.

...............

17

1,297

JELD-WEN

Holding,

Inc.

(a)

..........

28

841

Masonite

International

Corp.

(a)

........

111

2,456

Masterbrand,

Inc.

(a)

................

46

2,244

Resideo

Technologies,

Inc.

(a)

.........

50

324

Simpson

Manufacturing

Co.,

Inc.

......

66

3,006

Trex

Co.,

Inc.

(a)

...................

300

2,155

UFP

Industries,

Inc.

................

265

2,342

Zurn

Elkay

Water

Solutions

Corp.

......

78

1,826

Capital

Markets

—

1

.69

%

1,338

Artisan

Partners

Asset

Management,

Inc.

,

Class

-

A

....................

61

1,459

AssetMark

Financial

Holdings,

Inc.

(a)

...

52

13,347

BGC

Group,

Inc.

,

Class

-

A

...........

104

1,179

Brightsphere

Investment

Group,

Inc.

....

27

979

Cohen

&

Steers,

Inc.

...............

75

1,431

Evercore,

Inc.

....................

277

3,056

Federated

Hermes,

Inc.

..............

110

184

Hamilton

Lane,

Inc.

,

Class

-

A

.........

21

75

Houlihan

Lokey,

Inc.

...............

10

671

LPL

Financial

Holdings,

Inc.

..........

177

128

Moelis

&

Co.

,

Class

-

A

.............

7

2,110

Open

Lending

Corp.

(a)

..............

13

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Capital

Markets

(continued)

1,702

Patria

Investments

Ltd.

,

Class

-

A

......

$

25

242

Piper

Sandler

Cos.

.................

48

437

PJT

Partners,

Inc.

,

Class

-

A

..........

41

1,512

Stifel

Financial

Corp.

...............

118

616

StoneX

Group,

Inc.

(a)

..............

43

2,045

Victory

Capital

Holdings,

Inc.

,

Class

-

A

.

87

157

Virtus

Investment

Partners,

Inc.

........

39

9,720

WisdomTree,

Inc.

..................

89

1,424

Chemicals

—

1

.65

%

1,381

American

Vanguard

Corp.

............

18

53,604

Arcadium

Lithium

PLC

(a)

...........

232

828

Avient

Corp.

.....................

36

695

Balchem

Corp.

....................

108

48

Cabot

Corp.

......................

4

3,052

FMC

Corp.

......................

195

497

Hawkins,

Inc.

....................

38

158

Huntsman

Corp.

...................

4

1,018

Innospec,

Inc.

....................

131

3,245

Kronos

Worldwide,

Inc.

.............

38

1,019

Minerals

Technologies,

Inc.

...........

77

129

NewMarket

Corp.

.................

82

1,544

Orion

SA

........................

36

11,049

Perimeter

Solutions

SA

(a)

............

82

434

Quaker

Chemical

Corp.

.............

89

898

Sensient

Technologies

Corp.

..........

62

1,404

Stepan

Co.

.......................

126

2,158

Tronox

Holdings

PLC

..............

37

1,395

Commercial

Services

&

Supplies

—

1

.42

%

2,075

ABM

Industries,

Inc.

...............

93

2,893

ACCO

Brands

Corp.

...............

16

984

ACV

Auctions,

Inc.

,

Class

-

A

(a)

.......

18

2,183

Brady

Corp.

,

Class

-

A

..............

129

5,706

BrightView

Holdings,

Inc.

(a)

.........

68

1,307

Casella

Waste

Systems,

Inc.

(a)

........

129

222

Cimpress

PLC

(a)

..................

20

5,910

CoreCivic,

Inc.

(a)

.................

92

2,401

Deluxe

Corp.

.....................

49

2,331

Healthcare

Services

Group,

Inc.

(a)

......

29

3,253

HNI

Corp.

.......................

148

4,306

MillerKnoll,

Inc.

..................

107

1,713

Montrose

Environmental

Group,

Inc.

(a)

..

67

5,037

Quad/Graphics,

Inc.

................

27

612

SP

Plus

Corp.

(a)

...................

32

741

The

Brink's

Co.

...................

68

1,472

The

GEO

Group,

Inc.

(a)

.............

21

469

UniFirst

Corp.

....................

81

33

HC

CAPITAL

TRUST

The

Small

Capitalization-Mid

Capitalization

Equity

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Commercial

Services

&

Supplies

(continued)

48

VSE

Corp.

.......................

$

4

1,198

Communications

Equipment

—

0

.12

%

673

Clearfield,

Inc.

(a)

..................

21

2,782

KVH

Industries,

Inc.

(a)

.............

14

6,928

Viavi

Solutions,

Inc.

(a)

..............

63

98

Construction

&

Engineering

—

2

.22

%

2,405

AECOM

........................

236

7,964

Ameresco,

Inc.

,

Class

-

A

(a)

..........

192

983

API

Group

Corp.

(a)

................

39

291

Comfort

Systems

USA,

Inc.

..........

92

1,585

Dycom

Industries,

Inc.

(a)

............

227

940

EMCOR

Group,

Inc.

...............

328

2,153

Fluor

Corp.

(a)

....................

91

3,323

Granite

Construction,

Inc.

............

190

211

IES

Holdings,

Inc.

(a)

...............

26

2,960

MasTec,

Inc.

(a)

...................

276

218

MYR

Group,

Inc.

(a)

................

39

2,938

WillScot

Mobile

Mini

Holdings

Corp.

(a)

.

137

1,873

Construction

Materials

—

0

.61

%

1,173

Eagle

Materials,

Inc.

................

319

4,373

Summit

Materials,

Inc.

,

Class

-

A

(a)

....

195

514

Consumer

Finance

—

0

.27

%

2,878

Consumer

Portfolio

Services,

Inc.

(a)

....

22

324

Enova

International,

Inc.

(a)

...........

20

3,434

LendingClub

Corp.

(a)

...............

30

1,275

LendingTree,

Inc.

(a)

................

55

875

Navient

Corp.

....................

15

351

Nelnet,

Inc.

,

Class

-

A

...............

33

1,936

Upstart

Holdings,

Inc.

(a)

.............

52

227

Consumer

Staples

Distribution

&

Retail

—

0

.53

%

205

Casey's

General

Stores,

Inc.

..........

65

1,696

Ingles

Markets,

Inc.

,

Class

-

A

.........

131

828

Performance

Food

Group

Co.

(a)

.......

62

202

PriceSmart,

Inc.

...................

17

1,063

SpartanNash

Co.

..................

21

1,208

The

Andersons,

Inc.

................

69

3,462

United

Natural

Foods,

Inc.

(a)

.........

40

714

Weis

Markets,

Inc.

.................

46

451

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Containers

&

Packaging

—

0

.28

%

693

AptarGroup,

Inc.

..................

$

100

2,133

Graphic

Packaging

Holding

Co.

.......

62

3,245

Myers

Industries,

Inc.

...............

75

237

Diversified

Consumer

Services

—

0

.99

%

3,247

Adtalem

Global

Education,

Inc.

(a)

......

167

4,561

Coursera,

Inc.

(a)

..................

64

131

Duolingo,

Inc.

(a)

..................

29

455

Frontdoor,

Inc.

(a)

..................

15

17,039

Perdoceo

Education

Corp.

............

299

2,069

Strategic

Education,

Inc.

.............

215

312

Stride,

Inc.

(a)

.....................

20

1,467

Udemy,

Inc.

(a)

....................

16

782

Universal

Technical

Institute,

Inc.

(a)

....

12

837

Diversified

REITs

—

0

.58

%

4,168

Alexander

&

Baldwin,

Inc.

...........

69

1,205

Alpine

Income

Property

Trust,

Inc.

.....

18

1,529

American

Assets

Trust,

Inc.

...........

34

6,752

Armada

Hoffler

Properties,

Inc.

........

70

7,907

Broadstone

Net

Lease,

Inc.

...........

124

1,323

Essential

Properties

Realty

Trust,

Inc.

...

35

3,709

Gladstone

Commercial

Corp.

.........

51

8,885

Global

Net

Lease,

Inc.

..............

69

711

One

Liberty

Properties,

Inc.

..........

16

486

Diversified

Telecommunication

Services

—

0

.37

%

439

Anterix,

Inc.

(a)

...................

15

1,115

ATN

International,

Inc.

..............

35

2,728

EchoStar

Corp.

,

Class

-

A

(a)

..........

39

3,094

IDT

Corp.

,

Class

-

B

................

116

256

Iridium

Communications,

Inc.

.........

7

7,341

Liberty

Latin

America

Ltd.

,

Class

-

C

(a)

..

51

2,631

Shenandoah

Telecommunications

Co.

...

46

309

Electric

Utilities

—

0

.32

%

1,915

ALLETE,

Inc.

....................

115

3,048

Genie

Energy

Ltd.

,

Class

-

B

..........

46

242

MGE

Energy,

Inc.

.................

19

846

Otter

Tail

Corp.

...................

73

464

Portland

General

Electric

Co.

.........

19

272

Electrical

Equipment

—

0

.87

%

8,245

Array

Technologies,

Inc.

(a)

...........

123

8,949

Blink

Charging

Co.

^

(a)

..............

27

4,130

Bloom

Energy

Corp.

,

Class

-

A

(a)

......

46

34

HC

CAPITAL

TRUST

The

Small

Capitalization-Mid

Capitalization

Equity

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Electrical

Equipment

(continued)

73

Encore

Wire

Corp.

.................

$

19

2,360

EnerSys

.........................

224

7,897

Enovix

Corp.

^

(a)

..................

63

1,306

NEXTracker,

Inc.

,

Class

-

A

(a)

........

73

1,604

Plug

Power,

Inc.

(a)

.................

6

522

Regal

Rexnord

Corp.

...............

94

1,334

Shoals

Technologies

Group,

Inc.

,

Class

-

A

(a)

.......................

15

5,044

Stem,

Inc.

^

(a)

....................

11

970

Vicor

Corp.

(a)

....................

37

738

Electronic

Equipment,

Instruments

&

Components

—

2

.44

%

809

Advanced

Energy

Industries,

Inc.

......

83

1,155

Arlo

Technologies,

Inc.

(a)

............

15

521

Badger

Meter,

Inc.

.................

84

544

Belden,

Inc.

......................

50

983

CTS

Corp.

.......................

46

824

ePlus,

Inc.

(a)

.....................

65

2,761

Fabrinet

(a)

.......................

523

7,503

Flex

Ltd.

(a)

......................

215

1,005

Insight

Enterprises,

Inc.

(a)

...........

186

548

IPG

Photonics

Corp.

(a)

..............

50

5,296

Iteris,

Inc.

(a)

.....................

26

1,575

Jabil,

Inc.

.......................

211

414

Kimball

Electronics,

Inc.

(a)

..........

9

3,591

Lightwave

Logic,

Inc.

^

(a)

............

17

368

Littelfuse,

Inc.

....................

89

111

Novanta,

Inc.

(a)

...................

19

1,841

PC

Connection,

Inc.

................

121

51

Plexus

Corp.

(a)

...................

5

1,866

Rogers

Corp.

(a)

...................

221

86

Sanmina

Corp.

(a)

..................

5

34

TD

SYNNEX

Corp.

................

4

1,116

TTM

Technologies,

Inc.

(a)

...........

17

2,061

Energy

Equipment

&

Services

—

2

.11

%

7,609

Archrock,

Inc.

....................

150

835

Atlas

Energy

Solutions,

Inc.

..........

19

5,515

Borr

Drilling

Ltd.

..................

38

1,098

Bristow

Group,

Inc.

(a)

..............

30

460

Cactus,

Inc.

,

Class

-

A

...............

23

4,798

ChampionX

Corp.

.................

172

4,636

Diamond

Offshore

Drilling,

Inc.

(a)

.....

63

12,375

Expro

Group

Holdings

N.V.

(a)

........

246

655

Helmerich

&

Payne,

Inc.

.............

28

747

Kodiak

Gas

Services,

Inc.

............

20

5,195

Liberty

Energy,

Inc.

................

108

194

Nabors

Industries

Ltd.

(a)

............

17

1,775

Oceaneering

International,

Inc.

(a)

......

42

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Energy

Equipment

&

Services

(continued)

16,833

Patterson-UTI

Energy,

Inc.

...........

$

201

6,605

ProFrac

Holding

Corp.

,

Class

-

A

(a)

....

55

2,633

ProPetro

Holding

Corp.

(a)

...........

21

875

Seadrill

Ltd.

(a)

....................

44

11,270

Solaris

Oilfield

Infrastructure,

Inc.

,

Class

-

A

98

4,093

Tidewater,

Inc.

(a)

..................

376

257

Weatherford

International

PLC

(a)

......

30

1,781

Entertainment

—

0

.21

%

2,567

Atlanta

Braves

Holdings,

Inc.

(a)

.......

100

1,640

Atlanta

Braves

Holdings,

Inc.

(a)

.......

69

682

Cinemark

Holdings,

Inc.

(a)

...........

12

181

Financial

Services

—

1

.42

%

23,967

AvidXchange

Holdings,

Inc.

(a)

........

315

861

Banco

Latinoamericano

de

Comercio

Exterior

SA

,

Class

-

E

..........

26

800

Cannae

Holdings,

Inc.

(a)

............

18

429

Cass

Information

Systems,

Inc.

........

21

2,141

EVERTEC,

Inc.

...................

85

143

Federal

Agricultural

Mortgage

Corp.

,

Class

-

C

.........................

28

708

I3

Verticals,

Inc.

,

Class

-

A

(a)

.........

16

254

Jack

Henry

&

Associates,

Inc.

.........

44

1,100

Jackson

Financial,

Inc.

,

Class

-

A

.......

73

228

MGIC

Investment

Corp.

.............

5

1,030

Mr

Cooper

Group,

Inc.

(a)

............

80

4,643

Pagseguro

Digital

Ltd.

,

Class

-

A

(a)

.....

66

2,840

Payoneer

Global,

Inc.

(a)

.............

14

871

PennyMac

Financial

Services,

Inc.

.....

79

661

Remitly

Global,

Inc.

(a)

..............

14

2,184

Repay

Holdings

Corp.

(a)

............

24

6,150

StoneCo.

Ltd.

,

Class

-

A

(a)

...........

102

1,294

Walker

&

Dunlop,

Inc.

..............

131

1,342

Waterstone

Financial,

Inc.

............

16

155

WEX,

Inc.

(a)

.....................

37

1,194

Food

Products

—

0

.76

%

1,495

B&G

Foods,

Inc.

..................

17

5,127

BRC,

Inc.

,

Class

-

A

^

(a)

.............

22

283

Cal-Maine

Foods,

Inc.

..............

17

1,587

Darling

Ingredients,

Inc.

(a)

...........

74

572

Fresh

Del

Monte

Produce,

Inc.

........

15

365

Freshpet,

Inc.

(a)

...................

42

682

J

&

J

Snack

Foods

Corp.

.............

99

2,078

John

B.

Sanfilippo

&

Son,

Inc.

........

220

1,116

The

Simply

Good

Foods

Co.

(a)

........

38

1,627

Tootsie

Roll

Industries,

Inc.

...........

52

35

HC

CAPITAL

TRUST

The

Small

Capitalization-Mid

Capitalization

Equity

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Food

Products

(continued)

4,691

Westrock

Coffee

Co.

^

(a)

.............

$

48

644

Gas

Utilities

—

0

.57

%

1,491

Brookfield

Infrastructure

Corp.

,

Class

-

A

.

54

480

Chesapeake

Utilities

Corp.

...........

52

329

New

Jersey

Resources

Corp.

..........

14

3,451

ONE

Gas,

Inc.

....................

223

1,094

Southwest

Gas

Holdings,

Inc.

.........

83

2,134

UGI

Corp.

.......................

52

478

Ground

Transportation

—

0

.76

%

168

ArcBest

Corp.

....................

24

119

Avis

Budget

Group,

Inc.

.............

15

3,213

Daseke,

Inc.

(a)

....................

27

3,966

Knight-Swift

Transportation

Holdings,

Inc.

218

1,818

Marten

Transport

Ltd.

...............

34

412

P.A.M.

Transportation

Services,

Inc.

(a)

..

7

549

Saia,

Inc.

(a)

......................

320

645

Health

Care

Equipment

&

Supplies

—

3

.09

%

3,450

Axogen,

Inc.

(a)

...................

28

694

Axonics,

Inc.

(a)

...................

48

42

CONMED

Corp.

..................

3

41,120

Cutera,

Inc.

^

(a)

...................

60

799

CVRx,

Inc.

(a)

....................

15

698

Glaukos

Corp.

(a)

..................

66

434

Haemonetics

Corp.

(a)

...............

37

2,424

Inmode

Ltd.

(a)

....................

52

883

Inspire

Medical

Systems,

Inc.

(a)

.......

190

1,118

Insulet

Corp.

(a)

...................

192

479

Integer

Holdings

Corp.

(a)

............

56

933

iRhythm

Technologies,

Inc.

(a)

.........

108

511

Lantheus

Holdings,

Inc.

(a)

...........

32

271

LeMaitre

Vascular,

Inc.

..............

18

4,151

Merit

Medical

Systems,

Inc.

(a)

........

314

4,795

Neogen

Corp.

(a)

..................

76

1,347

Omnicell,

Inc.

(a)

..................

39

49,211

OraSure

Technologies,

Inc.

(a)

.........

303

549

OrthoPediatrics

Corp.

(a)

.............

16

4,033

Outset

Medical,

Inc.

(a)

..............

9

138

Shockwave

Medical,

Inc.

(a)

..........

45

492

SI-BONE,

Inc.

(a)

..................

8

1,911

Silk

Road

Medical,

Inc.

(a)

...........

35

1,272

STAAR

Surgical

Co.

(a)

.............

49

19,385

Tactile

Systems

Technology,

Inc.

(a)

.....

315

1,621

Tandem

Diabetes

Care,

Inc.

(a)

.........

57

2,516

The

Cooper

Cos.,

Inc.

(a)

.............

255

693

TransMedics

Group,

Inc.

(a)

...........

51

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Health

Care

Equipment

&

Supplies

(continued)

7,594

Zimvie,

Inc.

(a)

....................

$

125

2,602

Health

Care

Providers

&

Services

—

1

.95

%

2,680

Acadia

Healthcare

Co.,

Inc.

(a)

.........

212

1,962

Accolade,

Inc.

(a)

..................

21

158

Addus

HomeCare

Corp.

(a)

...........

16

10,401

Agiliti,

Inc.

(a)

....................

105

590

AMN

Healthcare

Services,

Inc.

(a)

......

37

3,253

Astrana

Health,

Inc.

(a)

..............

137

1

CareMax,

Inc.

(a)

..................

–

13

Chemed

Corp.

....................

8

153

CorVel

Corp.

(a)

...................

40

47

Encompass

Health

Corp.

.............

4

2,339

Fulgent

Genetics,

Inc.

(a)

.............

51

200

HealthEquity,

Inc.

(a)

...............

16

4,111

LifeStance

Health

Group,

Inc.

(a)

.......

25

380

ModivCare,

Inc.

(a)

.................

9

717

National

HealthCare

Corp.

...........

68

2,556

NeoGenomics,

Inc.

(a)

...............

40

1,813

Option

Care

Health,

Inc.

(a)

...........

61

1,478

Owens

&

Minor,

Inc.

(a)

.............

41

3,683

Patterson

Cos.,

Inc.

................

102

1,623

Progyny,

Inc.

(a)

...................

62

2,950

RadNet,

Inc.

(a)

...................

144

1,380

Select

Medical

Holdings

Corp.

........

42

1,068

Surgery

Partners,

Inc.

(a)

.............

32

2,414

Tenet

Healthcare

Corp.

(a)

............

253

195

The

Ensign

Group,

Inc.

..............

24

1,540

The

Joint

Corp.

(a)

.................

20

690

US

Physical

Therapy,

Inc.

............

78

1,648

Health

Care

REITs

—

0

.54

%

8,558

CareTrust

REIT,

Inc.

...............

209

6,912

Global

Medical

REIT,

Inc.

...........

60

686

National

Health

Investors,

Inc.

........

43

6,550

Sabra

Health

Care

REIT,

Inc.

.........

97

1,247

Universal

Health

Realty

Income

Trust

...

46

455

Health

Care

Technology

—

0

.52

%

3,175

Definitive

Healthcare

Corp.

(a)

.........

26

1,740

Evolent

Health,

Inc.

,

Class

-

A

(a)

.......

57

2,266

OptimizeRx

Corp.

(a)

...............

28

1,615

Phreesia,

Inc.

(a)

...................

39

9,828

Schrodinger,

Inc.

(a)

................

265

496

Simulations

Plus,

Inc.

...............

20

435

36

HC

CAPITAL

TRUST

The

Small

Capitalization-Mid

Capitalization

Equity

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Hotel

&

Resort

REITs

—

0

.68

%

6,486

Braemar

Hotels

&

Resorts,

Inc.

........

$

13

4,816

Chatham

Lodging

Trust

.............

49

9,262

DiamondRock

Hospitality

Co.

.........

89

1,105

Pebblebrook

Hotel

Trust

.............

17

6,433

RLJ

Lodging

Trust

.................

76

1,766

Ryman

Hospitality

Properties,

Inc.

......

203

7,641

Summit

Hotel

Properties,

Inc.

.........

50

4,401

Sunstone

Hotel

Investors,

Inc.

.........

49

1,773

Xenia

Hotels

&

Resorts,

Inc.

..........

27

573

Hotels,

Restaurants

&

Leisure

—

2

.28

%

162

BJ's

Restaurants,

Inc.

(a)

.............

6

805

Bloomin'

Brands,

Inc.

...............

23

3,538

Boyd

Gaming

Corp.

................

239

363

Caesars

Entertainment,

Inc.

(a)

.........

16

398

Chuy's

Holdings,

Inc.

(a)

.............

13

333

Cracker

Barrel

Old

Country

Store,

Inc.

...

24

1,221

Dave

&

Buster's

Entertainment,

Inc.

(a)

..

76

1,018

Dine

Brands

Global,

Inc.

............

47

2,169

First

Watch

Restaurant

Group,

Inc.

(a)

...

53

3,564

Full

House

Resorts,

Inc.

(a)

...........

20

428

Golden

Entertainment,

Inc.

...........

16

1,218

Hilton

Grand

Vacations,

Inc.

(a)

........

58

391

Jack

in

the

Box,

Inc.

................

27

6,196

Krispy

Kreme,

Inc.

.................

94

999

Light

&

Wonder,

Inc.

(a)

.............

102

3,896

Lindblad

Expeditions

Holdings,

Inc.

(a)

..

36

217

Monarch

Casino

&

Resort,

Inc.

........

16

5,928

Noodles

&

Co.

(a)

..................

11

731

Papa

John's

International,

Inc.

.........

49

3,005

Planet

Fitness,

Inc.

,

Class

-

A

(a)

.......

188

3,075

PlayAGS,

Inc.

(a)

..................

28

242

RCI

Hospitality

Holdings,

Inc.

........

14

2,856

Red

Robin

Gourmet

Burgers,

Inc.

(a)

....

22

3,161

Red

Rock

Resorts,

Inc.

,

Class

-

A

......

189

5,856

Sabre

Corp.

(a)

....................

14

5,395

Super

Group

SGHC

Ltd.

(a)

...........

19

3,025

Sweetgreen,

Inc.

,

Class

-

A

(a)

.........

76

581

Texas

Roadhouse,

Inc.

..............

90

145

Vail

Resorts,

Inc.

..................

32

884

Wingstop,

Inc.

....................

325

1,923

Household

Durables

—

2

.59

%

201

Cavco

Industries,

Inc.

(a)

.............

80

844

Century

Communities,

Inc.

...........

81

4,095

Dream

Finders

Homes,

Inc.

,

Class

-

A

(a)

.

179

4,688

Green

Brick

Partners,

Inc.

(a)

..........

282

891

Hamilton

Beach

Brands

Holding

Co.

,

Class

-

A

........................

22

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Household

Durables

(continued)

481

Helen

of

Troy

Ltd.

(a)

...............

$

55

1,134

Hooker

Furnishings

Corp.

............

27

370

Installed

Building

Products,

Inc.

.......

96

1,777

Landsea

Homes

Corp.

(a)

............

26

705

Legacy

Housing

Corp.

(a)

............

15

748

LGI

Homes,

Inc.

(a)

................

87

2,390

M/I

Homes,

Inc.

(a)

.................

326

1,482

MDC

Holdings,

Inc.

................

93

1,111

Meritage

Homes

Corp.

..............

195

1,030

Skyline

Champion

Corp.

(a)

...........

88

3,670

Sonos,

Inc.

(a)

....................

70

584

The

Lovesac

Co.

(a)

................

13

428

TopBuild

Corp.

(a)

.................

189

2,166

Tri

Pointe

Homes,

Inc.

(a)

............

84

4,186

Vizio

Holding

Corp.

,

Class

-

A

(a)

......

46

1,813

VOXX

International

Corp.

(a)

.........

15

1,868

Worthington

Enterprises,

Inc.

.........

116

2,185

Household

Products

—

0

.52

%

2,670

BJ's

Wholesale

Club

Holdings,

Inc.

(a)

...

203

1,892

Central

Garden

&

Pet

Co.

(a)

..........

81

1,710

Central

Garden

&

Pet

Co.

,

Class

-

A

(a)

..

63

1,019

Oil-Dri

Corp.

of

America

............

76

61

WD-40

Co.

......................

15

438

Independent

Power

and

Renewable

Electricity

Producers

—

0

.39

%

5,030

Altus

Power,

Inc.

(a)

................

24

1,499

Clearway

Energy,

Inc.

,

Class

-

C

.......

35

4,109

Ormat

Technologies,

Inc.

............

272

331

Industrial

Conglomerates

—

0

.03

%

1,120

Brookfield

Business

Corp.

,

Class

-

A

....

27

Industrial

REITs

—

0

.57

%

1,133

EastGroup

Properties,

Inc.

...........

203

875

Innovative

Industrial

Properties,

Inc.

....

91

3,696

Plymouth

Industrial

REIT,

Inc.

........

83

2,707

STAG

Industrial,

Inc.

...............

104

481

Insurance

—

2

.38

%

689

Ambac

Financial

Group,

Inc.

(a)

.......

11

2,133

American

Equity

Investment

Life

Holding

Co.

(a)

......................

120

3,379

CNO

Financial

Group,

Inc.

...........

93

658

Enstar

Group

Ltd.

(a)

...............

204

35

Everest

Group

Ltd.

.................

14

37

HC

CAPITAL

TRUST

The

Small

Capitalization-Mid

Capitalization

Equity

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Insurance

(continued)

7,019

Genworth

Financial,

Inc.

(a)

...........

$

45

3,462

Goosehead

Insurance,

Inc.

,

Class

-

A

(a)

..

231

1,818

Hippo

Holdings,

Inc.

(a)

.............

33

3,604

Horace

Mann

Educators

Corp.

.........

133

562

Kinsale

Capital

Group,

Inc.

...........

296

8,901

Maiden

Holdings

Ltd.

(a)

.............

20

2,653

Oscar

Health,

Inc.

,

Class

-

A

(a)

........

39

1,115

ProAssurance

Corp.

................

14

3,554

Root,

Inc.

,

Class

-

A

(a)

..............

217

372

Selective

Insurance

Group,

Inc.

........

41

3,408

Stewart

Information

Services

Corp.

.....

222

621

Trupanion,

Inc.

^

(a)

.................

17

2,955

W.R.

Berkley

Corp.

................

261

2,011

Interactive

Media

&

Services

—

0

.65

%

1,296

Cargurus,

Inc.

(a)

..................

30

845

Cars.com,

Inc.

(a)

..................

15

8,635

DHI

Group,

Inc.

(a)

.................

22

2,422

Eventbrite,

Inc.

,

Class

-

A

(a)

..........

13

8,634

Nextdoor

Holdings,

Inc.

(a)

...........

19

772

Shutterstock,

Inc.

..................

35

14,331

TrueCar,

Inc.

(a)

...................

49

6,760

Yelp,

Inc.

(a)

......................

266

1,137

Ziff

Davis,

Inc.

(a)

..................

72

2,146

ZipRecruiter,

Inc.

(a)

................

25

546

IT

Services

—

0

.24

%

356

Couchbase,

Inc.

(a)

.................

9

1,369

DigitalOcean

Holdings,

Inc.

(a)

........

52

1,981

Fastly,

Inc.

,

Class

-

A

(a)

.............

26

1,737

Grid

Dynamics

Holdings,

Inc.

(a)

.......

21

1,074

Perficient,

Inc.

(a)

..................

61

135

The

Hackett

Group,

Inc.

.............

3

11,466

Thoughtworks

Holding,

Inc.

(a)

........

29

201

Leisure

Products

—

0

.28

%

324

American

Outdoor

Brands,

Inc.

(a)

......

3

6,670

AMMO,

Inc.

(a)

...................

18

270

Johnson

Outdoors,

Inc.

,

Class

-

A

......

12

356

MasterCraft

Boat

Holdings,

Inc.

(a)

.....

8

4,682

Mattel,

Inc.

(a)

....................

93

1,298

Smith

&

Wesson

Brands,

Inc.

.........

23

1,148

Topgolf

Callaway

Brands

Corp.

(a)

......

19

1,461

YETI

Holdings,

Inc.

(a)

..............

56

232

Life

Sciences

Tools

&

Services

—

0

.64

%

75

Azenta,

Inc.

(a)

....................

5

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Life

Sciences

Tools

&

Services

(continued)

102

Bruker

Corp.

.....................

$

10

1,404

CryoPort,

Inc.

(a)

..................

25

6,376

Cytek

Biosciences,

Inc.

(a)

............

43

599

Medpace

Holdings,

Inc.

(a)

...........

241

29,118

Pacific

Biosciences

of

California,

Inc.

(a)

.

109

493

Repligen

Corp.

(a)

..................

91

8,477

Seer,

Inc.

(a)

......................

16

540

Machinery

—

3

.81

%

3,613

3D

Systems

Corp.

(a)

...............

16

183

Alamo

Group,

Inc.

.................

42

1,311

Albany

International

Corp.

...........

123

1,637

Astec

Industries,

Inc.

...............

72

3,801

Barnes

Group,

Inc.

.................

141

1,248

Chart

Industries,

Inc.

(a)

.............

206

2,711

Columbus

McKinnon

Corp.

..........

121

1,745

Energy

Recovery,

Inc.

(a)

............

28

220

Enpro,

Inc.

......................

37

1,328

ESCO

Technologies,

Inc.

............

142

1,773

Federal

Signal

Corp.

................

150

141

Franklin

Electric

Co.,

Inc.

............

15

2,528

Helios

Technologies,

Inc.

............

113

367

Hillenbrand,

Inc.

..................

18

2,739

Hillman

Solutions

Corp.

(a)

...........

29

332

IDEX

Corp.

......................

81

1,076

ITT,

Inc.

........................

146

819

John

Bean

Technologies

Corp.

.........

86

226

Kadant,

Inc.

......................

74

1,329

Kennametal,

Inc.

..................

33

771

Lincoln

Electric

Holdings,

Inc.

........

197

236

Mueller

Industries,

Inc.

..............

13

16,478

Mueller

Water

Products,

Inc.

,

Class

-

A

..

265

47

Oshkosh

Corp.

....................

6

21

RBC

Bearings,

Inc.

(a)

..............

6

1,356

SPX

Technologies,

Inc.

(a)

............

167

948

Standex

International

Corp.

...........

173

2,819

Tennant

Co.

......................

343

2,067

Terex

Corp.

......................

133

1,276

The

Gorman-Rupp

Co.

..............

50

2,085

The

Greenbrier

Cos.,

Inc.

............

109

5,021

The

Shyft

Group,

Inc.

...............

62

1,145

Titan

International,

Inc.

(a)

............

14

3,211

Marine

Transportation

—

0

.51

%

8,479

Costamare,

Inc.

...................

96

2,101

Kirby

Corp.

(a)

....................

201

1,166

Matson,

Inc.

.....................

131

428

38

HC

CAPITAL

TRUST

The

Small

Capitalization-Mid

Capitalization

Equity

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Media

—

0

.89

%

5,957

Advantage

Solutions,

Inc.

(a)

..........

$

26

1,790

Boston

Omaha

Corp.

,

Class

-

A

(a)

......

28

23,868

Cardlytics,

Inc.

(a)

.................

345

15,050

Integral

Ad

Science

Holding

Corp.

(a)

....

150

3,824

Magnite,

Inc.

(a)

...................

41

1,827

Scholastic

Corp.

...................

69

1,207

TechTarget,

Inc.

(a)

.................

40

2,249

TEGNA,

Inc.

.....................

34

1,572

Townsquare

Media,

Inc.

,

Class

-

A

......

17

750

Metals

&

Mining

—

2

.32

%

1,382

Alcoa

Corp.

......................

47

1,094

Arch

Resources,

Inc.

...............

176

17,375

ATI,

Inc.

(a)

......................

889

1,962

Carpenter

Technology

Corp.

..........

140

5,219

Coeur

Mining,

Inc.

(a)

...............

20

290

Commercial

Metals

Co.

.............

17

759

Haynes

International,

Inc.

............

46

9,750

Hecla

Mining

Co.

..................

47

1,828

Kaiser

Aluminum

Corp.

.............

163

360

Materion

Corp.

...................

47

5,772

Metallus,

Inc.

(a)

...................

128

4,584

Piedmont

Lithium,

Inc.

(a)

............

61

2,916

Ryerson

Holding

Corp.

..............

98

137

Warrior

Met

Coal,

Inc.

..............

8

1,868

Worthington

Steel,

Inc.

..............

67

1,954

Mortgage

Real

Estate

Investment

Trusts

(REITs)

—

0

.21

%

9,107

ARMOUR

Residential

REIT,

Inc.

......

180

Mortgage

Real

Estate

Investment

Trusts

(REITs)

—

0

.92

%

1,212

AFC

Gamma,

Inc.

.................

15

17,446

Arbor

Realty

Trust,

Inc.

^

............

231

7,810

BrightSpire

Capital,

Inc.

.............

54

5,011

Claros

Mortgage

Trust,

Inc.

...........

49

1,691

Dynex

Capital,

Inc.

................

21

8,746

Ellington

Financial,

Inc.

.............

103

8,332

Granite

Point

Mortgage

Trust,

Inc.

......

40

1,250

Nexpoint

Real

Estate

Finance,

Inc.

.....

18

13,981

PennyMac

Mortgage

Investment

Trust

...

205

3,045

Two

Harbors

Investment

Corp.

........

40

776

Multi-Utilities

—

0

.39

%

5,156

Black

Hills

Corp.

..................

282

847

Unitil

Corp.

......................

44

326

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Office

REITs

—

0

.53

%

2,446

COPT

Defense

Properties

............

$

59

5,145

Douglas

Emmett,

Inc.

...............

71

15,245

Easterly

Government

Properties,

Inc.

....

176

4,633

Orion

Office

REIT,

Inc.

..............

16

3,013

Paramount

Group,

Inc.

..............

14

7,836

Piedmont

Office

Realty

Trust,

Inc.

,

Class

-

A

55

2,374

Postal

Realty

Trust,

Inc.

,

Class

-

A

......

34

378

SL

Green

Realty

Corp.

..............

21

446

Oil,

Gas

&

Consumable

Fuels

—

4

.78

%

3,497

Antero

Resources

Corp.

(a)

...........

101

2,300

California

Resources

Corp.

...........

127

6,847

Callon

Petroleum

Co.

(a)

.............

245

88

Chord

Energy

Corp.

................

16

5,333

Clean

Energy

Fuels

Corp.

(a)

..........

14

8,222

CNX

Resources

Corp.

(a)

............

195

23,646

Comstock

Resources,

Inc.

............

219

2,431

CONSOL

Energy,

Inc.

..............

204

3,996

Crescent

Energy

Co.

,

Class

-

A

........

48

5,132

Delek

US

Holdings,

Inc.

.............

158

2,880

DHT

Holdings,

Inc.

................

33

6,443

Encore

Energy

Corp.

(a)

.............

28

24,166

Energy

Fuels,

Inc.

(a)

...............

152

6,036

Equitrans

Midstream

Corp.

...........

75

2,821

Evolution

Petroleum

Corp.

...........

17

3,921

Excelerate

Energy,

Inc.

..............

63

2,312

Golar

LNG

Ltd.

...................

56

2,159

Gulfport

Energy

Corp.

(a)

............

346

635

International

Seaways,

Inc.

...........

34

4,980

Kinetik

Holdings,

Inc.

..............

199

20,751

Kosmos

Energy

Ltd.

(a)

..............

124

268

Matador

Resources

Co.

..............

18

13,648

Navigator

Holdings

Ltd.

.............

209

2,578

Nordic

American

Tankers

Ltd.

.........

10

3,747

Ovintiv,

Inc.

.....................

194

592

Par

Pacific

Holdings,

Inc.

(a)

..........

22

1,094

Peabody

Energy

Corp.

..............

27

14,968

Permian

Resources

Corp.

............

264

2,186

Range

Resources

Corp.

..............

75

156

REX

American

Resources

Corp.

(a)

.....

9

588

Scorpio

Tankers,

Inc.

...............

42

9,204

SFL

Corp.

Ltd.

....................

121

9,986

Sitio

Royalties

Corp.

,

Class

-

A

........

247

419

SM

Energy

Co.

...................

21

27,296

Southwestern

Energy

Co.

(a)

..........

207

4,793

Uranium

Energy

Corp.

(a)

............

32

450

Vital

Energy,

Inc.

(a)

................

24

1,925

World

Kinect

Corp.

................

51

4,027

39

HC

CAPITAL

TRUST

The

Small

Capitalization-Mid

Capitalization

Equity

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Paper

&

Forest

Products

—

0

.07

%

8,004

Glatfelter

Corp.

(a)

.................

$

16

716

Sylvamo

Corp.

....................

44

60

Passenger

Airlines

—

0

.32

%

525

Allegiant

Travel

Co.

................

39

8,991

Blade

Air

Mobility,

Inc.

(a)

...........

26

11,473

Controladora

Vuela

Cia

de

Aviacion

SAB

de

CV

,

ADR

(a)

..................

85

7,362

Frontier

Group

Holdings,

Inc.

(a)

.......

60

5,665

JetBlue

Airways

Corp.

(a)

............

42

998

Sun

Country

Airlines

Holdings,

Inc.

(a)

...

15

267

Personal

Care

Products

—

0

.97

%

692

BellRing

Brands,

Inc.

(a)

.............

41

3,023

e.l.f.

Beauty,

Inc.

(a)

................

592

853

Inter

Parfums,

Inc.

.................

120

704

Medifast,

Inc.

....................

27

836

USANA

Health

Sciences,

Inc.

(a)

.......

41

821

Pharmaceuticals

—

1

.24

%

5,164

Amphastar

Pharmaceuticals,

Inc.

(a)

.....

228

2,255

Amylyx

Pharmaceuticals,

Inc.

(a)

.......

6

286

ANI

Pharmaceuticals,

Inc.

(a)

.........

20

2,745

Arvinas,

Inc.

(a)

...................

113

9,760

Athira

Pharma,

Inc.

(a)

..............

27

876

Axsome

Therapeutics,

Inc.

(a)

.........

70

1,245

Cassava

Sciences,

Inc.

^

(a)

...........

25

1,709

Collegium

Pharmaceutical,

Inc.

(a)

......

66

551

Corcept

Therapeutics,

Inc.

(a)

.........

14

1,228

Harrow,

Inc.

(a)

....................

16

2,106

Intra-Cellular

Therapies,

Inc.

(a)

........

146

2,523

Pacira

BioSciences,

Inc.

(a)

...........

74

3,964

Pliant

Therapeutics,

Inc.

(a)

...........

59

1,583

Prestige

Consumer

Healthcare,

Inc.

(a)

...

115

803

Supernus

Pharmaceuticals,

Inc.

(a)

......

27

483

Taro

Pharmaceutical

Industries

Ltd.

(a)

...

20

2,890

Zevra

Therapeutics,

Inc.

(a)

...........

17

1,043

Professional

Services

—

2

.23

%

9,355

Alight,

Inc.

,

Class

-

A

(a)

.............

92

917

ASGN,

Inc.

(a)

....................

96

3,150

Asure

Software,

Inc.

(a)

..............

25

703

Barrett

Business

Services,

Inc.

........

89

62

Booz

Allen

Hamilton

Holding

Corp.

....

9

20

CACI

International,

Inc.

,

Class

-

A

(a)

...

8

1,815

CBIZ,

Inc.

(a)

.....................

142

34

Concentrix

Corp.

..................

2

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Professional

Services

(continued)

10,305

Conduent,

Inc.

(a)

..................

$

35

1,032

CSG

Systems

International,

Inc.

.......

53

2,570

ExlService

Holdings,

Inc.

(a)

..........

82

846

Exponent,

Inc.

....................

70

1,713

First

Advantage

Corp.

...............

28

673

Forrester

Research,

Inc.

(a)

...........

15

621

Heidrick

&

Struggles

International,

Inc.

..

21

1,396

HireRight

Holdings

Corp.

(a)

..........

20

217

Huron

Consulting

Group,

Inc.

(a)

.......

21

587

ICF

International,

Inc.

..............

88

3,378

KBR,

Inc.

.......................

216

732

Kelly

Services,

Inc.

,

Class

-

A

.........

18

982

Kforce,

Inc.

......................

69

1,998

Korn

Ferry

......................

131

1,668

Legalzoom.com,

Inc.

(a)

.............

22

979

Maximus,

Inc.

....................

82

11,106

Mistras

Group,

Inc.

(a)

..............

106

735

NV5

Global,

Inc.

(a)

................

72

6,215

Planet

Labs

PBC

(a)

................

16

1,018

Science

Applications

International

Corp.

.

133

1,863

Sterling

Check

Corp.

(a)

.............

30

1,096

TTEC

Holdings,

Inc.

...............

11

1,649

Upwork,

Inc.

(a)

...................

20

2,286

Verra

Mobility

Corp.

(a)

.............

57

1,879

Real

Estate

Management

&

Development

—

0

.73

%

683

BBX

Capital,

Inc.

(a)

................

6

9,353

Compass,

Inc.

,

Class

-

A

(a)

...........

34

2,627

Cushman

&

Wakefield

PLC

(a)

........

27

2,814

DigitalBridge

Group,

Inc.

............

54

14,398

eXp

World

Holdings,

Inc.

............

149

574

Forestar

Group,

Inc.

(a)

..............

23

19,612

Kennedy-Wilson

Holdings,

Inc.

........

169

2,030

Marcus

&

Millichap,

Inc.

............

69

3,583

Newmark

Group,

Inc.

,

Class

-

A

.......

40

9,774

Opendoor

Technologies,

Inc.

(a)

........

30

589

The

RMR

Group,

Inc.

,

Class

-

A

.......

14

615

Residential

REITs

—

0

.47

%

2,230

Apartment

Investment

and

Management

Co.

(a)

......................

18

1,553

Elme

Communities

.................

22

4,659

Independence

Realty

Trust,

Inc.

........

75

5,404

NexPoint

Residential

Trust,

Inc.

.......

174

3,691

UMH

Properties,

Inc.

...............

60

3,365

Veris

Residential,

Inc.

...............

51

400

40

HC

CAPITAL

TRUST

The

Small

Capitalization-Mid

Capitalization

Equity

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Retail

REITs

—

0

.98

%

533

Getty

Realty

Corp.

.................

$

15

4,895

InvenTrust

Properties

Corp.

..........

126

3,897

Kite

Realty

Group

Trust

.............

84

2,113

NETSTREIT

Corp.

................

39

1,160

SITE

Centers

Corp.

................

17

11,883

Tanger,

Inc.

......................

351

7,560

The

Macerich

Co.

.................

130

3,762

Urban

Edge

Properties

..............

65

827

Semiconductors

&

Semiconductor

Equipment

—

3

.21

%

1,045

ACM

Research,

Inc.

,

Class

-

A

(a)

......

30

485

Alpha

&

Omega

Semiconductor

Ltd.

(a)

..

11

451

Ambarella,

Inc.

(a)

.................

23

3,622

Amkor

Technology,

Inc.

.............

117

55

Cirrus

Logic,

Inc.

(a)

................

5

742

Cohu,

Inc.

(a)

.....................

25

1,496

Credo

Technology

Group

Holding

Ltd.

(a)

32

580

Diodes,

Inc.

(a)

....................

41

3,557

FormFactor,

Inc.

(a)

................

162

2,669

Ichor

Holdings

Ltd.

(a)

..............

103

188

Impinj,

Inc.

(a)

....................

24

1,589

Kulicke

&

Soffa

Industries,

Inc.

........

80

684

Lattice

Semiconductor

Corp.

(a)

........

54

8,316

MACOM

Technology

Solutions

Holdings,

Inc.

(a)

......................

794

3,156

Maxeon

Solar

Technologies

Ltd.

(a)

.....

11

624

MKS

Instruments,

Inc.

..............

83

631

Onto

Innovation,

Inc.

(a)

.............

114

2,203

Power

Integrations,

Inc.

.............

158

2,201

Qorvo,

Inc.

(a)

....................

252

1,083

Silicon

Laboratories,

Inc.

(a)

..........

156

264

SiTime

Corp.

(a)

...................

25

799

Synaptics,

Inc.

(a)

..................

78

2,391

Ultra

Clean

Holdings,

Inc.

(a)

.........

110

1,179

Universal

Display

Corp.

.............

199

661

Veeco

Instruments,

Inc.

(a)

............

23

2,710

Software

—

6

.43

%

1,931

ACI

Worldwide,

Inc.

(a)

.............

64

1,294

Agilysys,

Inc.

(a)

..................

109

416

Alarm.com

Holdings,

Inc.

(a)

..........

30

1,591

Alkami

Technology,

Inc.

(a)

...........

39

829

Altair

Engineering,

Inc.

,

Class

-

A

(a)

....

71

3,359

Amplitude,

Inc.

,

Class

-

A

(a)

..........

37

289

Appfolio,

Inc.

,

Class

-

A

(a)

...........

71

3,795

Appian

Corp.

,

Class

-

A

(a)

...........

152

6,689

AvePoint,

Inc.

(a)

..................

53

211

Blackbaud,

Inc.

(a)

.................

16

378

BlackLine,

Inc.

(a)

.................

24

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Software

(continued)

1,089

Box,

Inc.

,

Class

-

A

(a)

..............

$

31

308

Braze,

Inc.

,

Class

-

A

(a)

.............

14

1,263

Cerence,

Inc.

(a)

...................

20

2,611

Clear

Secure,

Inc.

,

Class

-

A

..........

56

574

CommVault

Systems,

Inc.

(a)

..........

58

313

Digimarc

Corp.

(a)

.................

9

34

Dolby

Laboratories,

Inc.

,

Class

-

A

.....

3

1,569

Envestnet,

Inc.

(a)

..................

91

2,101

Everbridge,

Inc.

(a)

.................

73

3,738

EverCommerce,

Inc.

(a)

..............

35

846

Guidewire

Software,

Inc.

(a)

..........

99

3,676

InterDigital,

Inc.

..................

390

2,188

Jamf

Holding

Corp.

(a)

..............

40

5,208

LivePerson,

Inc.

(a)

.................

5

1,284

LiveRamp

Holdings,

Inc.

(a)

..........

44

3,930

Marathon

Digital

Holdings,

Inc.

(a)

.....

89

6,497

Matterport,

Inc.

(a)

.................

15

2,965

MeridianLink,

Inc.

(a)

...............

55

722

MicroStrategy,

Inc.

(a)

...............

1,230

16,199

N-able,

Inc.

(a)

....................

212

55,831

NextNav,

Inc.

(a)

...................

367

3,606

Olo,

Inc.

,

Class

-

A

(a)

...............

20

1,896

PagerDuty,

Inc.

(a)

.................

43

647

PowerSchool

Holdings,

Inc.

(a)

........

14

939

Progress

Software

Corp.

.............

50

5,413

PROS

Holdings,

Inc.

(a)

.............

197

868

PTC,

Inc.

(a)

......................

164

680

Qualys,

Inc.

(a)

....................

113

892

Rapid7,

Inc.

(a)

....................

44

6,275

Rimini

Street,

Inc.

(a)

...............

20

11,757

Riot

Platforms,

Inc.

(a)

..............

144

3,998

Sapiens

International

Corp.

N.V.

.......

129

537

Sprout

Social,

Inc.

,

Class

-

A

(a)

........

32

831

SPS

Commerce,

Inc.

(a)

..............

154

908

Tenable

Holdings,

Inc.

(a)

............

45

408

Varonis

Systems,

Inc.

(a)

.............

19

10,098

Veritone,

Inc.

^

(a)

..................

53

18,867

Weave

Communications,

Inc.

(a)

.......

217

1,438

Workiva,

Inc.

(a)

...................

122

21,286

Zeta

Global

Holdings

Corp.

,

Class

-

A

(a)

.

233

5,415

Specialized

REITs

—

0

.64

%

3,782

Farmland

Partners,

Inc.

..............

42

7,180

Four

Corners

Property

Trust,

Inc.

.......

175

1,574

National

Storage

Affiliates

Trust

.......

62

6,761

Outfront

Media,

Inc.

................

114

1,185

PotlatchDeltic

Corp.

................

56

4,581

Safehold,

Inc.

....................

94

543

41

HC

CAPITAL

TRUST

The

Small

Capitalization-Mid

Capitalization

Equity

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Specialty

Retail

—

2

.60

%

670

Academy

Sports

&

Outdoors,

Inc.

......

$

45

1,447

American

Eagle

Outfitters,

Inc.

........

37

520

Asbury

Automotive

Group,

Inc.

(a)

......

123

3,328

Boot

Barn

Holdings,

Inc.

(a)

..........

317

790

Camping

World

Holdings,

Inc.

,

Class

-

A

.

22

1,936

Carvana

Co.

(a)

....................

170

3,803

Destination

XL

Group,

Inc.

(a)

.........

14

1,779

Floor

&

Decor

Holdings,

Inc.

,

Class

-

A

(a)

231

1,555

Foot

Locker,

Inc.

..................

44

1,806

Genesco,

Inc.

(a)

...................

51

72

Group

1

Automotive,

Inc.

............

21

1,362

Guess?,

Inc.

......................

43

3,762

Leslie's,

Inc.

(a)

...................

24

334

Lithia

Motors,

Inc.

.................

100

1,397

Monro,

Inc.

......................

44

324

Murphy

USA,

Inc.

.................

136

1,682

National

Vision

Holdings,

Inc.

(a)

.......

37

53

Penske

Automotive

Group,

Inc.

........

9

2,653

PetMed

Express,

Inc.

...............

13

3,973

Revolve

Group,

Inc.

(a)

..............

84

231

RH

(a)

..........................

80

4,455

RumbleON,

Inc.

,

Class

-

B

(a)

.........

29

1,809

Sally

Beauty

Holdings,

Inc.

(a)

.........

22

708

Shoe

Carnival,

Inc.

.................

26

158

Signet

Jewelers

Ltd.

................

16

10,880

Sportsman's

Warehouse

Holdings,

Inc.

(a)

.

34

468

The

Aaron's

Co.,

Inc.

...............

4

389

The

Buckle,

Inc.

...................

16

3,447

The

Cato

Corp.

,

Class

-

A

............

20

1,585

The

ODP

Corp.

(a)

.................

84

7,108

ThredUp,

Inc.

,

Class

-

A

(a)

...........

14

10,683

Tile

Shop

Holdings,

Inc.

(a)

...........

75

5,911

Upbound

Group,

Inc.

...............

208

2,193

Technology

Hardware,

Storage

&

Peripherals

—

1

.82

%

7,143

Corsair

Gaming,

Inc.

(a)

.............

88

9,994

Intevac,

Inc.

(a)

....................

38

1,429

IonQ,

Inc.

^

(a)

....................

14

1,176

Super

Micro

Computer,

Inc.

(a)

........

1,189

10,627

Turtle

Beach

Corp.

(a)

...............

183

1,170

Xerox

Holdings

Corp.

..............

21

1,533

Textiles,

Apparel

&

Luxury

Goods

—

0

.47

%

47

Columbia

Sportswear

Co.

............

4

1,065

Crocs,

Inc.

(a)

.....................

153

2,258

Figs,

Inc.

,

Class

-

A

(a)

..............

11

792

G-III

Apparel

Group

Ltd.

(a)

..........

23

2,897

Kontoor

Brands,

Inc.

...............

175

153

Oxford

Industries,

Inc.

..............

17

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Textiles,

Apparel

&

Luxury

Goods

(continued)

412

Steven

Madden

Ltd.

................

$

17

400

Tobacco

—

0

.03

%

2,563

Vector

Group

Ltd.

.................

28

Trading

Companies

&

Distributors

—

1

.73

%

157

Applied

Industrial

Technologies,

Inc.

....

31

5,077

Beacon

Roofing

Supply,

Inc.

(a)

........

498

186

BlueLinx

Holdings,

Inc.

(a)

...........

24

563

Boise

Cascade

Co.

.................

86

200

DXP

Enterprises,

Inc.

(a)

.............

11

192

GMS,

Inc.

(a)

.....................

19

1,021

Herc

Holdings,

Inc.

................

172

749

McGrath

RentCorp

.................

92

22,107

MRC

Global,

Inc.

(a)

................

278

2,367

Rush

Enterprises,

Inc.

,

Class

-

A

.......

127

548

SiteOne

Landscape

Supply,

Inc.

(a)

......

96

166

WESCO

International,

Inc.

...........

28

1,462

Water

Utilities

—

0

.33

%

208

American

States

Water

Co.

...........

15

437

Artesian

Resources

Corp.

,

Class

-

A

.....

16

4,921

Cadiz,

Inc.

(a)

.....................

14

1,134

California

Water

Service

Group

........

53

602

Global

Water

Resources,

Inc.

.........

8

3,328

Middlesex

Water

Co.

...............

175

281

Wireless

Telecommunication

Services

—

0

.13

%

6,927

Telephone

and

Data

Systems,

Inc.

......

111

Total

Common

Stocks

..............

83,555

Contingent

Rights

—

0

.06

%

Health

Care

Equipment

&

Supplies

—

0

.00

%

56

ABIOMED,

Inc.

CVR

,

01/02/26

(a)

.....

–

Health

Care

Providers

&

Services

—

0

.00

%

15,971

Paratek

Pharmaceuticals,

Inc.

CVR

,

01/01/26

(a)

..................

1

5,589

Xeris

BioPharma

Hold

CVR

,

10/06/49

(a)

.

1

2

Metals

&

Mining

—

0

.06

%

108,208

Pan

American

Silver

Corp.

CVR

,

12/31/49

(a)

..................

49

Total

Contingent

Rights

............

51

42

HC

CAPITAL

TRUST

The

Small

Capitalization-Mid

Capitalization

Equity

Portfolio

Portfolio

of

Investments

(concluded)

—

March

31,

2024

(Unaudited)

As

of

March

31,

2024

,

100%

of

the

Portfolio’s

net

assets

were

managed

by

Parametric

Portfolio

Associates,

LLC.

Shares

Security

Description

Value

(000)

Investment

Companies

—

1

.52

%

Money

Market

Funds

—

1

.52

%

628,442

Federated

Hermes

Treasury

Obligations

Fund,

Institutional

Shares

,

5

.17

%

^^

(b)

$

628

657,455

State

Street

Institutional

Treasury

Plus

Money

Market

Fund,

Trust

Class

,

5

.20

%

(b)

....................

658

Total

Investment

Companies

.........

1,286

Total

Investments

(cost

$

40,732

)

—

100

.67

%

....................

84,892

Liabilities

in

excess

of

other

assets

—

(

0

.67

)

%

....................

(

561

)

Net

Assets

-

100.00%

$

84,331

Amounts

designated

as

"—"

are

$0

or

have

been

rounded

to

$0.

^

All

or

part

of

this

security

was

on

loan

as

of

March

31,

2024.

^^

Purchased

with

cash

collateral

held

from

securities

lending.

The

value

of

the

collateral

could

include

collateral

held

for

securities

that

were

sold

on

or

before

March

31,

2024.

(a)

Represents

non-income

producing

security.

(b)

Annualized

7-day

yield

as

of

period-end.

ADR—American

Depositary

Receipt

REIT—Real

Estate

Investment

Trust

HC

CAPITAL

TRUST

The

ESG

Growth

Portfolio

Portfolio

of

Investments

—

March

31,

2024

(Unaudited)

43

Shares

Security

Description

Value

(000)

Common

Stocks

—

99.17%

Australia

—

1.92%

693

Ampol

Ltd.

(Oil,

Gas

&

Consumable

Fuels)

$

18

8,826

ANZ

Group

Holdings

Ltd.

(Banks)

.....

169

2,941

APA

Group

(Gas

Utilities)

...........

16

1,807

Aristocrat

Leisure

Ltd.

(Hotels,

Restaurants

&

Leisure)

...................

51

485

ASX

Ltd.

(Capital

Markets)

..........

21

452

Atlassian

Corp.,

Class

-

A

(Software)(a)

..

88

4,501

Aurizon

Holdings

Ltd.

(Ground

Transportation)

...............

12

15,056

BHP

Group

Ltd.

(Metals

&

Mining)

.....

433

1,230

BlueScope

Steel

Ltd.

(Metals

&

Mining)

.

19

4,202

Brambles

Ltd.

(Commercial

Services

&

Supplies)

....................

44

1,178

CAR

Group

Ltd.

(Interactive

Media

&

Services)

....................

28

201

Cochlear

Ltd.

(Health

Care

Equipment

&

Supplies)

....................

44

4,121

Coles

Group

Ltd.

(Consumer

Staples

Distribution

&

Retail)

...........

45

4,875

Commonwealth

Bank

of

Australia

(Banks)

382

1,781

Computershare

Ltd.

(Professional

Services)

30

1,437

CSL

Ltd.

(Biotechnology)

............

270

2,615

Dexus

(Office

REITs)

...............

13

504

EBOS

Group

Ltd.

(Health

Care

Providers

&

Services)

....................

10

4,675

Endeavour

Group

Ltd.

(Consumer

Staples

Distribution

&

Retail)

...........

17

5,009

Fortescue

Ltd.

(Metals

&

Mining)

......

84

5,131

Goodman

Group

(Industrial

REITs)

.....

113

805

IDP

Education

Ltd.

(Diversified

Consumer

Services)

....................

9

7,323

Insurance

Australia

Group

Ltd.

(Insurance)

31

1,092

Macquarie

Group

Ltd.

(Capital

Markets)

.

142

7,667

Medibank

Pvt.

Ltd.

(Insurance)

........

19

567

Mineral

Resources

Ltd.

(Metals

&

Mining)

26

9,646

Mirvac

Group

(Diversified

REITs)

......

15

9,220

National

Australia

Bank

Ltd.

(Banks)

....

208

3,549

Northern

Star

Resources

Ltd.

(Metals

&

Mining)

.....................

33

1,407

Orica

Ltd.

(Chemicals)

..............

17

5,227

Origin

Energy

Ltd.

(Electric

Utilities)

...

31

7,966

Pilbara

Minerals

Ltd.

(Metals

&

Mining)

.

20

2,446

Qantas

Airways

Ltd.

(Passenger

Airlines)(a)

9

4,431

QBE

Insurance

Group

Ltd.

(Insurance)

..

52

582

Ramsay

Health

Care

Ltd.

(Health

Care

Providers

&

Services)

...........

21

172

REA

Group

Ltd.

(Interactive

Media

&

Services)

....................

21

687

Reece

Ltd.

(Trading

Companies

&

Distributors)

.................

13

1,111

Rio

Tinto

Ltd.

(Metals

&

Mining)

......

88

9,869

Santos

Ltd.

(Oil,

Gas

&

Consumable

Fuels)

(b)

........................

50

8,765

Scentre

Group

(Retail

REITs)

.........

19

923

SEEK

Ltd.

(Interactive

Media

&

Services)

15

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Australia

(continued)

584

Seven

Group

Holdings

Ltd.

(Trading

Companies

&

Distributors)

.......

$

16

1,187

Sonic

Healthcare

Ltd.

(Health

Care

Providers

&

Services)

...........

23

14,614

South32

Ltd.

(Metals

&

Mining)

.......

29

7,299

Stockland

(Diversified

REITs)

.........

23

3,312

Suncorp

Group

Ltd.

(Insurance)

.......

35

13,370

Telstra

Group

Ltd.

(Diversified

Telecommunication

Services)

.....

34

5,218

The

GPT

Group

(Diversified

REITs)

....

16

7,602

The

Lottery

Corp.

Ltd.

(Hotels,

Restaurants

&

Leisure)

...................

26

9,510

Transurban

Group

(Transportation

Infrastructure)

................

83

2,004

Treasury

Wine

Estates

Ltd.

(Beverages)

..

16

8,881

Vicinity

Ltd.

(Retail

REITs)(b)

........

12

760

Washington

H

Soul

Pattinson

&

Co.

Ltd.

(Financial

Services)

............

17

3,447

Wesfarmers

Ltd.

(Broadline

Retail)

.....

154

10,302

Westpac

Banking

Corp.

(Banks)

.......

175

500

WiseTech

Global

Ltd.

(Software)

.......

31

5,565

Woodside

Energy

Group

Ltd.

(Oil,

Gas

&

Consumable

Fuels)

.............

111

3,627

Woolworths

Group

Ltd.

(Consumer

Staples

Distribution

&

Retail)

...........

78

3,625

Austria

—

0.05%

1,031

Erste

Group

Bank

AG

(Banks)(b)

......

46

383

OMV

AG

(Oil,

Gas

&

Consumable

Fuels)

18

241

Verbund

AG

(Electric

Utilities)

........

18

246

voestalpine

AG

(Metals

&

Mining)

.....

7

89

Belgium

—

0.20%

444

Ageas

SA/N.V.

(Insurance)

...........

21

2,573

Anheuser-Busch

InBev

SA/N.V.

(Beverages)

..................

156

58

D'ieteren

Group

(Distributors)

.........

13

67

Elia

Group

SA/N.V.

(Electric

Utilities)(b)

7

293

Groupe

Bruxelles

Lambert

N.V.

(Financial

Services)

....................

22

752

KBC

Group

N.V.

(Banks)

............

56

1

Lotus

Bakeries

N.V.

(Food

Products)(b)

..

10

31

Sofina

SA

(Financial

Services)

........

7

206

Syensqo

SA

(Chemicals)(a)

...........

20

384

UCB

SA

(Pharmaceuticals)

...........

47

491

Umicore

SA

(Chemicals)(b)

..........

11

508

Warehouses

De

Pauw

CVA

(Industrial

REITs)

.....................

14

384

Bermuda

—

0.08%

1,078

Arch

Capital

Group

Ltd.

(Insurance)(a)

..

100

44

HC

CAPITAL

TRUST

The

ESG

Growth

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Bermuda

(continued)

126

Everest

Group

Ltd.

(Insurance)

........

$

50

150

Canada

—

3.22%

1,481

Agnico

Eagle

Mines

Ltd.

(Metals

&

Mining)

88

400

Air

Canada

(Passenger

Airlines)(a)(b)

...

6

2,212

Alimentation

Couche-Tard,

Inc.

(Consumer

Staples

Distribution

&

Retail)

.....

126

800

AltaGas

Ltd.

(Gas

Utilities)

...........

18

1,804

ARC

Resources

Ltd.

(Oil,

Gas

&

Consumable

Fuels)

.............

32

2,102

Bank

of

Montreal

(Banks)

............

205

5,246

Barrick

Gold

Corp.

(Metals

&

Mining)

..

87

200

BCE,

Inc.

(Diversified

Telecommunication

Services)

....................

7

1,043

Brookfield

Asset

Management

Ltd.,

Class

-

A

(Capital

Markets)

............

44

4,169

Brookfield

Corp.

(Capital

Markets)

.....

174

92

BRP,

Inc.

(Leisure

Products)

..........

6

786

CAE,

Inc.

(Aerospace

&

Defense)(a)

....

16

1,280

Cameco

Corp.

(Oil,

Gas

&

Consumable

Fuels)

......................

55

200

Canadian

Apartment

Properties

REIT

(Residential

REITs)(b)

..........

7

2,659

Canadian

Imperial

Bank

of

Commerce

(Banks)

.....................

135

1,506

Canadian

National

Railway

Co.

(Ground

Transportation)

...............

198

3,081

Canadian

Natural

Resources

Ltd.

(Oil,

Gas

&

Consumable

Fuels)

...........

235

2,726

Canadian

Pacific

Kansas

City

Ltd.

(Ground

Transportation)

...............

240

143

Canadian

Tire

Corp.

Ltd.,

Class

-

A

(Broadline

Retail)

.............

14

300

Canadian

Utilities

Ltd.,

Class

-

A

(Multi-

Utilities)

....................

7

471

CCL

Industries,

Inc.,

Class

-

B

(Containers

&

Packaging)(b)

..............

24

4,230

Cenovus

Energy,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

.............

85

624

CGI,

Inc.

(IT

Services)(a)

............

69

60

Constellation

Software,

Inc.

(Software)

..

164

844

Dollarama,

Inc.

(Broadline

Retail)

......

64

1,216

Element

Fleet

Management

Corp.

(Commercial

Services

&

Supplies)(b)

20

868

Emera,

Inc.

(Electric

Utilities)

.........

31

400

Empire

Co.

Ltd.,

Class

-

A

(Consumer

Staples

Distribution

&

Retail)

.....

10

6,336

Enbridge,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

......................

229

62

Fairfax

Financial

Holdings

Ltd.

(Insurance)

67

2,644

First

Quantum

Minerals

Ltd.

(Metals

&

Mining)

.....................

28

100

FirstService

Corp.

(Real

Estate

Management

&

Development)

..............

17

1,451

Fortis,

Inc.

(Electric

Utilities)

.........

57

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Canada

(continued)

599

Franco-Nevada

Corp.

(Metals

&

Mining)

.

$

71

195

George

Weston

Ltd.

(Consumer

Staples

Distribution

&

Retail)

...........

26

500

Gildan

Activewear,

Inc.

(Textiles,

Apparel

&

Luxury

Goods)

...............

19

817

Great-West

Lifeco,

Inc.

(Insurance)

.....

26

1,006

Hydro

One

Ltd.

(Electric

Utilities)(b)

....

29

300

iA

Financial

Corp.,

Inc.

(Insurance)

.....

19

200

IGM

Financial,

Inc.

(Capital

Markets)

...

5

622

Imperial

Oil

Ltd.

(Oil,

Gas

&

Consumable

Fuels)

......................

43

528

Intact

Financial

Corp.

(Insurance)(b)

....

86

1,879

Ivanhoe

Mines

Ltd.

(Metals

&

Mining)(a)

22

600

Keyera

Corp.

(Oil,

Gas

&

Consumable

Fuels)

......................

15

3,094

Kinross

Gold

Corp.

(Metals

&

Mining)

..

19

474

Loblaw

Cos.

Ltd.

(Consumer

Staples

Distribution

&

Retail)

...........

53

339

Lululemon

Athletica,

Inc.

(Textiles,

Apparel

&

Luxury

Goods)(a)

............

132

2,272

Lundin

Mining

Corp.

(Metals

&

Mining)(b)

23

821

Magna

International,

Inc.

(Automobile

Components)

.................

45

5,479

Manulife

Financial

Corp.

(Insurance)

....

137

825

MEG

Energy

Corp.

(Oil,

Gas

&

Consumable

Fuels)(a)(b)

..................

19

713

Metro,

Inc.

(Consumer

Staples

Distribution

&

Retail)

....................

38

972

National

Bank

of

Canada

(Banks)

......

82

858

Northland

Power,

Inc.

(Independent

Power

and

Renewable

Electricity

Producers)

14

1,476

Nutrien

Ltd.

(Chemicals)

............

80

200

Onex

Corp.

(Capital

Markets)

.........

15

804

Open

Text

Corp.

(Software)(b)

........

31

990

Pan

American

Silver

Corp.

(Metals

&

Mining)

.....................

15

400

Parkland

Corp.

(Oil,

Gas

&

Consumable

Fuels)(b)

....................

13

1,668

Pembina

Pipeline

Corp.

(Oil,

Gas

&

Consumable

Fuels)

.............

59

1,727

Power

Corp.

of

Canada

(Insurance)

.....

48

500

Quebecor,

Inc.,

Class

-

B

(Diversified

Telecommunication

Services)

.....

11

877

Restaurant

Brands

International,

Inc.

(Hotels,

Restaurants

&

Leisure)

....

70

300

RioCan

Real

Estate

Investment

Trust

(Retail

REITs)(b)

...................

4

1,078

Rogers

Communications,

Inc.,

Class

-

B

(Wireless

Telecommunication

Services)

....................

44

4,245

Royal

Bank

of

Canada

(Banks)

........

429

691

Saputo,

Inc.

(Food

Products)(b)

........

14

3,655

Shopify,

Inc.,

Class

-

A

(IT

Services)(a)

..

283

339

Stantec,

Inc.

(Construction

&

Engineering)

28

1,726

Sun

Life

Financial,

Inc.

(Insurance)

.....

94

45

HC

CAPITAL

TRUST

The

ESG

Growth

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Canada

(continued)

3,924

Suncor

Energy,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

.............

$

145

3,016

TC

Energy

Corp.

(Oil,

Gas

&

Consumable

Fuels)

......................

121

1,352

Teck

Resources

Ltd.,

Class

-

B

(Metals

&

Mining)

.....................

62

1,570

TELUS

Corp.

(Diversified

Telecommunication

Services)

.....

25

250

TFI

International,

Inc.

(Ground

Transportation)

...............

40

3,581

The

Bank

of

Nova

Scotia

(Banks)

......

185

271

The

Descartes

Systems

Group,

Inc.

(Software)(a)

.................

25

5,142

The

Toronto-Dominion

Bank

(Banks)

...

311

489

Thomson

Reuters

Corp.

(Professional

Services)

....................

76

836

TMX

Group

Ltd.

(Capital

Markets)

.....

22

200

Toromont

Industries

Ltd.

(Trading

Companies

&

Distributors)

.......

19

945

Tourmaline

Oil

Corp.

(Oil,

Gas

&

Consumable

Fuels)

.............

44

738

Waste

Connections,

Inc.

(Commercial

Services

&

Supplies)

...........

127

136

West

Fraser

Timber

Co.

Ltd.

(Paper

&

Forest

Products)

...............

12

1,343

Wheaton

Precious

Metals

Corp.

(Metals

&

Mining)

.....................

63

367

WSP

Global,

Inc.

(Construction

&

Engineering)

.................

61

6,064

Chile

—

0.02%

1,322

Antofagasta

PLC

(Metals

&

Mining)

....

34

Denmark

—

0.96%

8

A.P.

Moller

-

Maersk

A/S,

Class

-

A

(Marine

Transportation)

...............

10

16

A.P.

Moller

-

Maersk

A/S,

Class

-

B

(Marine

Transportation)

...............

21

296

Carlsberg

A/S,

Class

-

B

(Beverages)

....

40

304

Coloplast

A/S,

Class

-

B

(Health

Care

Equipment

&

Supplies)

.........

41

2,041

Danske

Bank

A/S

(Banks)

............

61

292

Demant

A/S

(Health

Care

Equipment

&

Supplies)(a)

..................

14

551

DSV

A/S

(Air

Freight

&

Logistics)

.....

89

193

Genmab

A/S

(Biotechnology)(a)(b)

.....

58

9,685

Novo

Nordisk

A/S,

Class

-

B

(Pharmaceuticals)

.............

1,234

1,088

Novonesis,

B

shares

(Chemicals)

.......

64

568

Orsted

A/S

(Electric

Utilities)(a)(b)

.....

32

245

Pandora

A/S

(Textiles,

Apparel

&

Luxury

Goods)

.....................

40

18

ROCKWOOL

A/S,

Class

-

B

(Building

Products)

....................

6

861

Tryg

A/S

(Insurance)(b)

.............

18

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Denmark

(continued)

2,997

Vestas

Wind

Systems

A/S

(Electrical

Equipment)(a)

................

$

84

1,812

Finland

—

0.26%

360

Elisa

Oyj

(Diversified

Telecommunication

Services)

....................

16

1,491

Fortum

Oyj

(Electric

Utilities)

.........

18

684

Kesko

Oyj,

Class

-

B

(Consumer

Staples

Distribution

&

Retail)

...........

13

1,007

Kone

Oyj,

Class

-

B

(Machinery)

.......

47

2,057

Metso

Oyj

(Machinery)(b)

...........

24

1,268

Neste

Oyj

(Oil,

Gas

&

Consumable

Fuels)

34

16,330

Nokia

Oyj

(Communications

Equipment)

.

58

9,180

Nordea

Bank

Abp

(Banks)

...........

104

480

Orion

Oyj,

Class

-

B

(Pharmaceuticals)

..

18

1,387

Sampo

Oyj,

A

Shares

(Insurance)

......

59

2,063

Stora

Enso

Oyj,

Registered

Shares

(Paper

&

Forest

Products)

...............

29

1,655

UPM-Kymmene

Oyj

(Paper

&

Forest

Products)

....................

55

1,231

Wartsila

Oyj

Abp

(Machinery)

.........

19

494

France

—

3.10%

575

Accor

SA

(Hotels,

Restaurants

&

Leisure)

27

91

Aeroports

de

Paris

SA

(Transportation

Infrastructure)

................

12

1,537

Air

Liquide

SA

(Chemicals)

..........

320

1,742

Airbus

SE

(Aerospace

&

Defense)

......

321

834

Alstom

SA

(Machinery)

.............

13

152

Amundi

SA

(Capital

Markets)

.........

10

151

Arkema

SA

(Chemicals)

.............

16

5,105

AXA

SA

(Insurance)

...............

192

104

BioMerieux

(Health

Care

Equipment

&

Supplies)

....................

11

3,103

BNP

Paribas

SA

(Banks)

.............

220

1,613

Bollore

SE

(Entertainment)

...........

11

566

Bouygues

SA

(Construction

&

Engineering)

23

910

Bureau

Veritas

SA

(Professional

Services)

(b)

........................

28

472

Capgemini

SE

(IT

Services)

..........

109

1,803

Carrefour

SA

(Consumer

Staples

Distribution

&

Retail)(b)

........

31

1,382

Cie

de

Saint-Gobain

SA

(Building

Products)

107

2,057

Cie

Generale

des

Etablissements

Michelin

SCA

(Automobile

Components)

...

79

124

Covivio

SA

(Office

REITs)

...........

6

3,044

Credit

Agricole

SA

(Banks)

...........

45

1,918

Danone

SA

(Food

Products)

..........

124

1,989

Dassault

Systemes

SE

(Software)

......

88

755

Edenred

SE

(Financial

Services)

.......

40

195

Eiffage

SA

(Construction

&

Engineering)(b)

22

5,423

Engie

SA

(Multi-Utilities)

............

91

46

HC

CAPITAL

TRUST

The

ESG

Growth

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

France

(continued)

827

EssilorLuxottica

SA

(Health

Care

Equipment

&

Supplies)

.........

$

187

133

Eurazeo

SE

(Financial

Services)

.......

12

116

Gecina

SA

(Office

REITs)(b)

..........

12

1,232

Getlink

SE

(Transportation

Infrastructure)

21

88

Hermes

International

SCA

(Textiles,

Apparel

&

Luxury

Goods)

..............

225

127

Ipsen

SA

(Pharmaceuticals)

...........

15

225

Kering

SA

(Textiles,

Apparel

&

Luxury

Goods)

.....................

89

568

Klepierre

SA

(Retail

REITs)

..........

15

256

La

Francaise

des

Jeux

SAEM

(Hotels,

Restaurants

&

Leisure)

..........

10

787

Legrand

SA

(Electrical

Equipment)

.....

83

718

L'Oreal

SA

(Personal

Care

Products)

....

340

819

LVMH

Moet

Hennessy

Louis

Vuitton

SE

(Textiles,

Apparel

&

Luxury

Goods)

737

5,633

Orange

SA

(Diversified

Telecommunication

Services)(b)

..................

66

603

Pernod

Ricard

SA

(Beverages)

........

98

689

Publicis

Groupe

SA

(Media)

..........

75

49

Remy

Cointreau

SA

(Beverages)

.......

5

593

Renault

SA

(Automobiles)

...........

30

734

Rexel

SA

(Trading

Companies

&

Distributors)

.................

20

1,017

Safran

SA

(Aerospace

&

Defense)

......

230

3,374

Sanofi

SA

(Pharmaceuticals)

..........

331

88

Sartorius

Stedim

Biotech

(Life

Sciences

Tools

&

Services)(a)

............

25

1,606

Schneider

Electric

SE

(Electrical

Equipment)(b)

................

363

55

SEB

SA

(Household

Durables)(b)

......

7

2,177

Societe

Generale

SA

(Banks)

.........

58

270

Sodexo

SA

(Hotels,

Restaurants

&

Leisure)

23

209

Teleperformance

SE

(Professional

Services)

20

241

Thales

SA

(Aerospace

&

Defense)

......

41

6,468

TotalEnergies

SE

(Oil,

Gas

&

Consumable

Fuels)

......................

443

305

Unibail-Rodamco-Westfield

(Retail

REITs)

(a)

........................

25

2,067

Veolia

Environnement

SA

(Multi-Utilities)

67

1,515

Vinci

SA

(Construction

&

Engineering)

..

194

2,075

Vivendi

SE

(Media)

................

23

762

Worldline

SA

(Financial

Services)(a)

....

9

5,845

Germany

—

2.24%

482

adidas

AG

(Textiles,

Apparel

&

Luxury

Goods)

.....................

108

1,155

Allianz

SE,

Registered

Shares

(Insurance)

346

2,663

BASF

SE

(Chemicals)

..............

152

2,887

Bayer

AG,

Registered

Shares

(Pharmaceuticals)

.............

89

992

Bayerische

Motoren

Werke

AG

(Automobiles)

................

114

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Germany

(continued)

121

Bayerische

Motoren

Werke

AG,

Preference

Shares

(Automobiles)

...........

$

13

275

Bechtle

AG

(IT

Services)

............

15

306

Beiersdorf

AG

(Personal

Care

Products)

..

45

414

Brenntag

SE

(Trading

Companies

&

Distributors)

.................

35

99

Carl

Zeiss

Meditec

AG,

Class

-

BR

(Health

Care

Equipment

&

Supplies)

......

12

3,162

Commerzbank

AG

(Banks)

...........

43

363

Continental

AG

(Automobile

Components)

26

585

Covestro

AG

(Chemicals)(a)

..........

32

1,595

Daimler

Truck

Holding

AG

(Machinery)

.

81

541

Delivery

Hero

SE

(Hotels,

Restaurants

&

Leisure)(a)

..................

15

5,823

Deutsche

Bank

AG,

Registered

Shares

(Capital

Markets)

..............

92

559

Deutsche

Boerse

AG

(Capital

Markets)

..

114

2,156

Deutsche

Lufthansa

AG,

Registered

Shares

(Passenger

Airlines)(a)(b)

........

17

2,987

Deutsche

Post

AG

(Air

Freight

&

Logistics)

129

9,683

Deutsche

Telekom

AG

(Diversified

Telecommunication

Services)(b)

...

235

340

Dr.

Ing.

h.c.

F.

Porsche

AG,

Preference

Shares

(Automobiles)

...........

34

6,704

E.ON

SE

(Multi-Utilities)

............

93

515

Evonik

Industries

AG

(Chemicals)

......

10

614

Fresenius

Medical

Care

AG

(Health

Care

Providers

&

Services)

...........

24

1,272

Fresenius

SE

&

Co.

KGaA

(Health

Care

Providers

&

Services)

...........

34

419

GEA

Group

AG

(Machinery)

.........

18

179

Hannover

Rueck

SE

(Insurance)

.......

49

299

Heidelberg

Materials

AG

(Construction

Materials)

...................

33

263

Henkel

AG

&

Co.

KGaA

(Household

Products)

....................

19

564

Henkel

AG

&

Co.

KGaA,

Preference

Shares

(Household

Products)

...........

45

3,852

Infineon

Technologies

AG

(Semiconductors

&

Semiconductor

Equipment)(b)

...

131

186

Knorr-Bremse

AG

(Machinery)

........

14

193

LEG

Immobilien

SE

(Real

Estate

Management

&

Development)(a)

...

17

2,259

Mercedes-Benz

Group

AG

(Automobiles)

180

384

Merck

KGaA

(Pharmaceuticals)

.......

68

166

MTU

Aero

Engines

AG

(Aerospace

&

Defense)

....................

42

408

Muenchener

Rueckversicherungs-

Gesellschaft

AG

in

Muenchen,

Registered

Shares

(Insurance)

.....

199

174

Nemetschek

SE

(Software)

...........

17

330

Puma

SE

(Textiles,

Apparel

&

Luxury

Goods)(b)

...................

15

20

Rational

AG

(Machinery)

............

17

129

Rheinmetall

AG

(Aerospace

&

Defense)

.

72

47

HC

CAPITAL

TRUST

The

ESG

Growth

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Germany

(continued)

1,905

RWE

AG

(Independent

Power

and

Renewable

Electricity

Producers)

..

$

65

3,110

SAP

SE

(Software)

.................

605

80

Sartorius

AG,

Preference

Shares

(Life

Sciences

Tools

&

Services)(b)

.....

32

221

Scout24

SE

(Interactive

Media

&

Services)

17

2,259

Siemens

AG,

Registered

Shares

(Industrial

Conglomerates)

...............

431

1,573

Siemens

Energy

AG

(Electrical

Equipment)

(a)(b)

......................

29

848

Siemens

Healthineers

AG

(Health

Care

Equipment

&

Supplies)(a)

.......

52

408

Symrise

AG

(Chemicals)(b)

..........

49

195

Talanx

AG

(Insurance)

..............

15

2,200

Vonovia

SE

(Real

Estate

Management

&

Development)

................

65

708

Zalando

SE

(Specialty

Retail)(a)

.......

20

4,224

Hong

Kong

—

0.50%

34,200

AIA

Group

Ltd.

(Insurance)

..........

231

11,500

BOC

Hong

Kong

Holdings

Ltd.

(Banks)

.

31

6,500

CK

Asset

Holdings

Ltd.

(Real

Estate

Management

&

Development)

.....

27

8,500

CK

Hutchison

Holdings

Ltd.

(Industrial

Conglomerates)

...............

41

1,500

CK

Infrastructure

Holdings

Ltd.

(Electric

Utilities)

....................

9

5,000

CLP

Holdings

Ltd.

(Electric

Utilities)

...

40

4,200

ESR

Group

Ltd.

(Real

Estate

Management

&

Development)

..............

4

229

Futu

Holdings

Ltd.,

ADR

(Capital

Markets)

(a)

........................

12

7,000

Galaxy

Entertainment

Group

Ltd.

(Hotels,

Restaurants

&

Leisure)

..........

35

5,000

Hang

Lung

Properties

Ltd.

(Real

Estate

Management

&

Development)

.....

5

2,000

Hang

Seng

Bank

Ltd.

(Banks)

.........

22

4,000

Henderson

Land

Development

Co.

Ltd.

(Real

Estate

Management

&

Development)

................

11

11,000

HKT

Trust

&

HKT

Ltd.

(Diversified

Telecommunication

Services)(b)

...

13

35,665

Hong

Kong

&

China

Gas

Co.

Ltd.

(Gas

Utilities)

....................

27

3,549

Hong

Kong

Exchanges

&

Clearing

Ltd.

(Capital

Markets)

..............

103

3,800

Hongkong

Land

Holdings

Ltd.

(Real

Estate

Management

&

Development)

.....

12

8,111

Link

REIT

(Retail

REITs)

............

35

4,000

MTR

Corp.

Ltd.

(Ground

Transportation)

.

13

3,500

Power

Assets

Holdings

Ltd.

(Electric

Utilities)

....................

20

8,158

Prudential

PLC

(Insurance)

...........

76

8,518

Sino

Land

Co.

Ltd.

(Real

Estate

Management

&

Development)

.....

9

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Hong

Kong

(continued)

4,500

Sun

Hung

Kai

Properties

Ltd.

(Real

Estate

Management

&

Development)

.....

$

43

500

Swire

Pacific

Ltd.,

Class

-

A

(Real

Estate

Management

&

Development)

.....

4

3,000

Swire

Properties

Ltd.

(Real

Estate

Management

&

Development)

.....

6

4,000

Techtronic

Industries

Co.

Ltd.

(Machinery)

54

3,000

The

Wharf

Holdings

Ltd.

(Real

Estate

Management

&

Development)

.....

10

31,450

WH

Group

Ltd.

(Food

Products)

.......

21

6,000

Wharf

Real

Estate

Investment

Co.

Ltd.

(Real

Estate

Management

&

Development)

20

934

Ireland

(Republic

of)

—

1.11%

1,820

Accenture

PLC,

Class

-

A

(IT

Services)

..

630

248

AerCap

Holdings

N.V.

(Trading

Companies

&

Distributors)(a)

.............

22

322

AerCap

Holdings

N.V.

(Trading

Companies

&

Distributors)(a)

.............

28

4,074

AIB

Group

PLC

(Banks)

............

21

234

Allegion

PLC

(Building

Products)

......

32

805

Aptiv

PLC

(Automobile

Components)(a)

.

64

3,225

Bank

of

Ireland

Group

PLC

(Banks)

....

33

2,077

CRH

PLC

(Construction

Materials)

.....

179

276

DCC

PLC

(Industrial

Conglomerates)(b)

.

20

2,704

Experian

PLC

(Professional

Services)

...

118

520

Flutter

Entertainment

PLC

(Hotels,

Restaurants

&

Leisure)(a)(b)

......

102

1,311

James

Hardie

Industries

PLC

(Construction

Materials)(a)

.................

53

2,015

Johnson

Controls

International

PLC

(Building

Products)

............

132

487

Kerry

Group

PLC,

Class

-

A

(Food

Products)(b)

.................

42

465

Kingspan

Group

PLC

(Building

Products)

42

3,948

Medtronic

PLC

(Health

Care

Equipment

&

Supplies)

....................

343

840

Smurfit

Kappa

Group

PLC

(Containers

&

Packaging)(b)

................

38

669

Trane

Technologies

PLC

(Building

Products)

....................

201

2,100

Israel

—

0.20%

101

Azrieli

Group

Ltd.

(Real

Estate

Management

&

Development)

..............

7

3,649

Bank

Hapoalim

BM

(Banks)

..........

34

4,740

Bank

Leumi

Le-Israel

BM

(Banks)

.....

39

288

Check

Point

Software

Technologies

Ltd.

(Software)(a)

.................

47

125

CyberArk

Software

Ltd.

(Software)(a)

...

33

84

Elbit

Systems

Ltd.

(Aerospace

&

Defense)

18

286

Global-e

Online

Ltd.

(Broadline

Retail)(a)

10

2,505

ICL

Group

Ltd.

(Chemicals)

..........

13

48

HC

CAPITAL

TRUST

The

ESG

Growth

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Israel

(continued)

1

Isracard

Ltd.

(Consumer

Finance)

......

$

—

4,694

Israel

Discount

Bank

Ltd.,

Class

-

A

(Banks)

24

444

Mizrahi

Tefahot

Bank

Ltd.

(Banks)

.....

17

89

Monday.com

Ltd.

(Software)(a)

........

20

181

Nice

Ltd.

(Software)(a)

..............

47

3,391

Teva

Pharmaceutical

Industries

Ltd.,

ADR

(Pharmaceuticals)(a)

...........

49

136

Wix.com

Ltd.

(IT

Services)(a)

.........

19

377

Italy

—

0.63%

466

Amplifon

SpA

(Health

Care

Providers

&

Services)

....................

17

2,886

Assicurazioni

Generali

SpA

(Insurance)

..

73

3,238

Banco

BPM

SpA

(Banks)

............

22

1,427

Davide

Campari-Milano

N.V.,

Class

-

M

(Beverages)(b)

................

14

54

DiaSorin

SpA

(Health

Care

Equipment

&

Supplies)

....................

5

23,895

Enel

SpA

(Electric

Utilities)(b)

........

158

6,796

Eni

SpA

(Oil,

Gas

&

Consumable

Fuels)

.

107

386

Ferrari

N.V.

(Automobiles)

...........

168

1,831

FinecoBank

Banca

Fineco

SpA

(Banks)

..

27

1,050

Infrastrutture

Wireless

Italiane

SpA

(Diversified

Telecommunication

Services)(b)

..................

12

42,685

Intesa

Sanpaolo

SpA

(Banks)(b)

.......

155

1,167

Leonardo

SpA

(Aerospace

&

Defense)

...

29

1,412

Mediobanca

Banca

di

Credito

Finanziario

SpA

(Banks)

.................

21

614

Moncler

SpA

(Textiles,

Apparel

&

Luxury

Goods)

.....................

46

2,061

Nexi

SpA

(Financial

Services)(a)

.......

13

1,363

Poste

Italiane

SpA

(Insurance)

.........

17

880

Prysmian

SpA

(Electrical

Equipment)

...

46

257

Recordati

Industria

Chimica

e

Farmaceutica

SpA

(Pharmaceuticals)

..........

14

7,012

Snam

SpA

(Gas

Utilities)

............

33

25,056

Telecom

Italia

SpA/Milano

(Diversified

Telecommunication

Services)(a)

...

6

4,220

Terna

-

Rete

Elettrica

Nazionale

(Electric

Utilities)

....................

35

4,489

UniCredit

SpA

(Banks)

..............

171

1,189

Japan

—

6.14%

2,100

Advantest

Corp.

(Semiconductors

&

Semiconductor

Equipment)(b)

.....

93

2,100

Aeon

Co.

Ltd.

(Consumer

Staples

Distribution

&

Retail)

...........

50

500

AGC,

Inc.

(Building

Products)

........

18

1,400

Ajinomoto

Co.,

Inc.

(Food

Products)

....

52

300

ANA

Holdings,

Inc.

(Passenger

Airlines)(b)

6

1,500

Asahi

Group

Holdings

Ltd.

(Beverages)(b)

55

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Japan

(continued)

500

Asahi

Intecc

Co.

Ltd.

(Health

Care

Equipment

&

Supplies)

.........

$

9

3,200

Asahi

Kasei

Corp.

(Chemicals)

........

23

5,500

Astellas

Pharma,

Inc.

(Pharmaceuticals)

..

59

300

Azbil

Corp.

(Electronic

Equipment,

Instruments

&

Components)

......

8

1,800

Bandai

Namco

Holdings,

Inc.

(Leisure

Products)

....................

33

1,700

Bridgestone

Corp.

(Automobile

Components)

.................

75

800

Brother

Industries

Ltd.

(Technology

Hardware,

Storage

&

Peripherals)

..

15

3,000

Canon,

Inc.

(Technology

Hardware,

Storage

&

Peripherals)

................

89

1,200

Capcom

Co.

Ltd.

(Entertainment)

......

22

2,000

Central

Japan

Railway

Co.

(Ground

Transportation)

...............

50

2,000

Chubu

Electric

Power

Co.,

Inc.

(Electric

Utilities)

....................

26

2,000

Chugai

Pharmaceutical

Co.

Ltd.

(Pharmaceuticals)

.............

76

2,800

Concordia

Financial

Group

Ltd.

(Banks)

.

14

600

Dai

Nippon

Printing

Co.

Ltd.

(Commercial

Services

&

Supplies)

...........

18

1,000

Daifuku

Co.

Ltd.

(Machinery)

.........

24

2,800

Dai-ichi

Life

Holdings,

Inc.

(Insurance)

..

71

5,600

Daiichi

Sankyo

Co.

Ltd.

(Pharmaceuticals)

178

800

Daikin

Industries

Ltd.

(Building

Products)

109

200

Daito

Trust

Construction

Co.

Ltd.

(Real

Estate

Management

&

Development)

23

2,000

Daiwa

House

Industry

Co.

Ltd.

(Real

Estate

Management

&

Development)

.....

59

3,800

Daiwa

Securities

Group,

Inc.

(Capital

Markets)

....................

29

5,900

Denso

Corp.

(Automobile

Components)

..

112

700

Dentsu

Group,

Inc.

(Media)

..........

19

300

Disco

Corp.

(Semiconductors

&

Semiconductor

Equipment)

.......

109

3,000

East

Japan

Railway

Co.

(Ground

Transportation)

...............

57

800

Eisai

Co.

Ltd.

(Pharmaceuticals)

.......

33

7,800

ENEOS

Holdings,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

.............

37

2,900

FANUC

Corp.

(Machinery)

...........

81

500

Fast

Retailing

Co.

Ltd.

(Specialty

Retail)

.

154

300

Fuji

Electric

Co.

Ltd.

(Electrical

Equipment)

20

3,300

FUJIFILM

Holdings

Corp.

(Technology

Hardware,

Storage

&

Peripherals)

..

74

5,000

Fujitsu

Ltd.

(IT

Services)(b)

..........

80

15

GLP

J-Reit

(Industrial

REITs)(b)

.......

13

500

Hamamatsu

Photonics

KK

(Electronic

Equipment,

Instruments

&

Components)

.................

18

600

Hankyu

Hanshin

Holdings,

Inc.

(Ground

Transportation)

...............

17

49

HC

CAPITAL

TRUST

The

ESG

Growth

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Japan

(continued)

100

Hikari

Tsushin,

Inc.

(Industrial

Conglomerates)

...............

$

19

100

Hirose

Electric

Co.

Ltd.

(Electronic

Equipment,

Instruments

&

Components)

.................

10

300

Hitachi

Construction

Machinery

Co.

Ltd.

(Machinery)

.................

9

2,800

Hitachi

Ltd.

(Industrial

Conglomerates)

..

255

13,800

Honda

Motor

Co.

Ltd.

(Automobiles)

...

170

400

Hoshizaki

Corp.

(Machinery)

.........

15

1,000

Hoya

Corp.

(Health

Care

Equipment

&

Supplies)

....................

124

800

Hulic

Co.

Ltd.

(Real

Estate

Management

&

Development)(b)

..............

8

300

Ibiden

Co.

Ltd.

(Electronic

Equipment,

Instruments

&

Components)

......

13

2,500

Idemitsu

Kosan

Co.

Ltd.

(Oil,

Gas

&

Consumable

Fuels)(b)

..........

17

400

Iida

Group

Holdings

Co.

Ltd.

(Household

Durables)

...................

5

3,000

Inpex

Corp.

(Oil,

Gas

&

Consumable

Fuels)

46

1,500

Isuzu

Motors

Ltd.

(Automobiles)

.......

20

3,500

ITOCHU

Corp.

(Trading

Companies

&

Distributors)

.................

149

400

Japan

Airlines

Co.

Ltd.

(Passenger

Airlines)

(b)

........................

8

1,500

Japan

Exchange

Group,

Inc.

(Capital

Markets)

....................

40

18

Japan

Metropolitan

Fund

Invest

(Retail

REITs)

.....................

11

4,400

Japan

Post

Bank

Co.

Ltd.

(Banks)(b)

....

47

6,600

Japan

Post

Holdings

Co.

Ltd.

(Insurance)(b)

66

500

Japan

Post

Insurance

Co.

Ltd.

(Insurance)(b)

10

3

Japan

Real

Estate

Investment

Corp.

(Office

REITs)

.....................

11

1,600

JFE

Holdings,

Inc.

(Metals

&

Mining)(b)

.

26

500

JSR

Corp.

(Chemicals)

..............

14

1,100

Kajima

Corp.

(Construction

&

Engineering)

22

1,400

Kao

Corp.

(Personal

Care

Products)

.....

52

1,500

Kawasaki

Kisen

Kaisha

Ltd.

(Marine

Transportation)

...............

20

4,500

KDDI

Corp.

(Wireless

Telecommunication

Services)

....................

133

14

KDX

Realty

Investment

Corp.

(Diversified

REITs)

.....................

15

500

Keisei

Electric

Railway

Co.

Ltd.

(Ground

Transportation)

...............

20

600

Keyence

Corp.

(Electronic

Equipment,

Instruments

&

Components)

......

279

2,000

Kikkoman

Corp.

(Food

Products)

......

26

700

Kintetsu

Group

Holdings

Co.

Ltd.

(Ground

Transportation)

...............

20

2,800

Kirin

Holdings

Co.

Ltd.

(Beverages)

....

39

400

Kobe

Bussan

Co.

Ltd.

(Consumer

Staples

Distribution

&

Retail)

...........

10

500

Koito

Manufacturing

Co.

Ltd.

(Automobile

Components)

.................

7

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Japan

(continued)

2,800

Komatsu

Ltd.

(Machinery)

...........

$

83

300

Konami

Group

Corp.

(Entertainment)

...

20

3,200

Kubota

Corp.

(Machinery)

...........

50

4,000

Kyocera

Corp.

(Electronic

Equipment,

Instruments

&

Components)

......

53

700

Kyowa

Kirin

Co.

Ltd.

(Pharmaceuticals)

.

13

6,700

LY

Corp.

(Interactive

Media

&

Services)

.

17

700

Makita

Corp.

(Machinery)

...........

20

4,500

Marubeni

Corp.

(Trading

Companies

&

Distributors)

.................

78

900

MatsukiyoCocokara

&

Co.

(Consumer

Staples

Distribution

&

Retail)

.....

14

1,500

Mazda

Motor

Corp.

(Automobiles)

.....

17

200

McDonald's

Holdings

Co.

Japan

Ltd.

(Hotels,

Restaurants

&

Leisure)

....

9

600

MEIJI

Holdings

Co.

Ltd.

(Food

Products)

13

900

MINEBEA

MITSUMI,

Inc.

(Machinery)

.

18

700

MISUMI

Group,

Inc.

(Machinery)

......

10

3,200

Mitsubishi

Chemical

Group

Corp.

(Chemicals)

..................

19

10,200

Mitsubishi

Corp.

(Trading

Companies

&

Distributors)

.................

235

5,700

Mitsubishi

Electric

Corp.

(Electrical

Equipment)

..................

95

3,200

Mitsubishi

Estate

Co.

Ltd.

(Real

Estate

Management

&

Development)

.....

58

3,200

Mitsubishi

HC

Capital,

Inc.

(Financial

Services)

....................

22

10,000

Mitsubishi

Heavy

Industries

Ltd.

(Machinery)

.................

90

31,900

Mitsubishi

UFJ

Financial

Group,

Inc.

(Banks)

.....................

325

3,900

Mitsui

&

Co.

Ltd.

(Trading

Companies

&

Distributors)

.................

181

400

Mitsui

Chemicals,

Inc.

(Chemicals)

.....

12

8,400

Mitsui

Fudosan

Co.

Ltd.

(Real

Estate

Management

&

Development)

.....

90

800

Mitsui

O.S.K.

Lines

Ltd.

(Marine

Transportation)

...............

24

7,140

Mizuho

Financial

Group,

Inc.

(Banks)

...

141

600

MonotaRO

Co.

Ltd.

(Trading

Companies

&

Distributors)

.................

7

3,900

MS&AD

Insurance

Group

Holdings,

Inc.

(Insurance)

..................

69

5,100

Murata

Manufacturing

Co.

Ltd.

(Electronic

Equipment,

Instruments

&

Components)

.................

96

700

NEC

Corp.

(IT

Services)

.............

51

1,200

Nexon

Co.

Ltd.

(Entertainment)

.......

20

1,300

NIDEC

Corp.

(Electrical

Equipment)

....

53

3,100

Nintendo

Co.

Ltd.

(Entertainment)

......

169

4

Nippon

Building

Fund,

Inc.

(Office

REITs)

16

200

NIPPON

EXPRESS

HOLDINGS,

Inc.

(Air

Freight

&

Logistics)

............

10

3,000

Nippon

Paint

Holdings

Co.

Ltd.

(Chemicals)

(b)

........................

21

50

HC

CAPITAL

TRUST

The

ESG

Growth

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Japan

(continued)

5

Nippon

Prologis

REIT,

Inc.

(Industrial

REITs)(b)

...................

$

9

600

Nippon

Sanso

Holdings

Corp.

(Chemicals)

19

2,500

Nippon

Steel

Corp.

(Metals

&

Mining)(b)

60

89,600

Nippon

Telegraph

&

Telephone

Corp.

(Diversified

Telecommunication

Services)

....................

107

1,500

Nippon

Yusen

KK

(Marine

Transportation)

41

300

Nissan

Chemical

Corp.

(Chemicals)

.....

11

7,400

Nissan

Motor

Co.

Ltd.

(Automobiles)

...

29

600

Nissin

Foods

Holdings

Co.

Ltd.

(Food

Products)(b)

.................

17

200

Nitori

Holdings

Co.

Ltd.

(Specialty

Retail)

30

400

Nitto

Denko

Corp.

(Chemicals)

........

36

8,500

Nomura

Holdings,

Inc.

(Capital

Markets)

.

54

400

Nomura

Real

Estate

Holdings,

Inc.

(Real

Estate

Management

&

Development)

11

11

Nomura

Real

Estate

Master

Fund,

Inc.

(Diversified

REITs)

............

11

1,200

Nomura

Research

Institute

Ltd.

(IT

Services)

....................

34

2,100

NTT

Data

Group

Corp.

(IT

Services)

....

33

1,600

Obayashi

Corp.

(Construction

&

Engineering)

.................

19

200

Obic

Co.

Ltd.

(IT

Services)

...........

30

1,200

Odakyu

Electric

Railway

Co.

Ltd.

(Ground

Transportation)

...............

17

3,700

Olympus

Corp.

(Health

Care

Equipment

&

Supplies)

....................

53

500

Omron

Corp.

(Electronic

Equipment,

Instruments

&

Components)

......

18

1,300

Ono

Pharmaceutical

Co.

Ltd.

(Pharmaceuticals)

.............

21

100

Oracle

Corp.

Japan

(Software)

.........

7

3,200

Oriental

Land

Co.

Ltd.

(Hotels,

Restaurants

&

Leisure)

...................

102

3,600

ORIX

Corp.

(Financial

Services)

.......

78

1,000

Osaka

Gas

Co.

Ltd.

(Gas

Utilities)

......

22

600

Otsuka

Corp.

(IT

Services)

...........

13

1,200

Otsuka

Holdings

Co.

Ltd.

(Pharmaceuticals)

50

1,000

Pan

Pacific

International

Holdings

Corp.

(Broadline

Retail)

.............

26

6,600

Panasonic

Holdings

Corp.

(Household

Durables)

...................

63

5,500

Rakuten

Group,

Inc.

(Broadline

Retail)(b)

31

4,300

Recruit

Holdings

Co.

Ltd.

(Professional

Services)

....................

188

4,300

Renesas

Electronics

Corp.

(Semiconductors

&

Semiconductor

Equipment)(b)

...

76

6,500

Resona

Holdings,

Inc.

(Banks)

........

40

1,600

Ricoh

Co.

Ltd.

(Technology

Hardware,

Storage

&

Peripherals)

..........

14

1,200

Rohm

Co.

Ltd.

(Semiconductors

&

Semiconductor

Equipment)

.......

19

600

SBI

Holdings,

Inc.

(Capital

Markets)

....

16

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Japan

(continued)

200

SCREEN

Holdings

Co.

Ltd.

(Semiconductors

&

Semiconductor

Equipment)

..................

$

26

300

SCSK

Corp.

(IT

Services)

............

6

700

Secom

Co.

Ltd.

(Commercial

Services

&

Supplies)

....................

51

800

Seiko

Epson

Corp.

(Technology

Hardware,

Storage

&

Peripherals)

..........

14

1,000

Sekisui

Chemical

Co.

Ltd.

(Household

Durables)

...................

15

2,000

Sekisui

House

Ltd.

(Household

Durables)

45

6,900

Seven

&

i

Holdings

Co.

Ltd.

(Consumer

Staples

Distribution

&

Retail)

.....

100

800

SG

Holdings

Co.

Ltd.

(Air

Freight

&

Logistics)

...................

10

500

Sharp

Corp.

(Household

Durables)(a)(b)

.

3

800

Shimadzu

Corp.

(Electronic

Equipment,

Instruments

&

Components)

......

22

200

Shimano,

Inc.

(Leisure

Products)

.......

30

1,400

Shimizu

Corp.

(Construction

&

Engineering)

.................

9

5,400

Shin-Etsu

Chemical

Co.

Ltd.

(Chemicals)

236

800

Shionogi

&

Co.

Ltd.

(Pharmaceuticals)

..

41

1,200

Shiseido

Co.

Ltd.

(Personal

Care

Products)

33

1,000

Shizuoka

Financial

Group,

Inc.

(Banks)

..

9

200

SMC

Corp.

(Machinery)

.............

112

8,600

SoftBank

Corp.

(Wireless

Telecommunication

Services)

.....

110

3,000

SoftBank

Group

Corp.

(Wireless

Telecommunication

Services)

.....

178

2,400

Sompo

Holdings,

Inc.

(Insurance)

......

50

3,700

Sony

Group

Corp.

(Household

Durables)

.

317

200

Square

Enix

Holdings

Co.

Ltd.

(Entertainment)

...............

8

2,000

Subaru

Corp.

(Automobiles)

..........

45

900

SUMCO

Corp.

(Semiconductors

&

Semiconductor

Equipment)(b)

.....

14

2,900

Sumitomo

Corp.

(Trading

Companies

&

Distributors)

.................

70

1,900

Sumitomo

Electric

Industries

Ltd.

(Automobile

Components)

.......

29

600

Sumitomo

Metal

Mining

Co.

Ltd.

(Metals

&

Mining)

.....................

18

3,800

Sumitomo

Mitsui

Financial

Group,

Inc.

(Banks)

.....................

222

2,000

Sumitomo

Mitsui

Trust

Holdings,

Inc.

(Banks)

.....................

43

800

Sumitomo

Realty

&

Development

Co.

Ltd.

(Real

Estate

Management

&

Development)

................

30

300

Suntory

Beverage

&

Food

Ltd.

(Beverages)

10

4,800

Suzuki

Motor

Corp.

(Automobiles)

.....

55

1,500

Sysmex

Corp.

(Health

Care

Equipment

&

Supplies)

....................

27

1,800

T&D

Holdings,

Inc.

(Insurance)

.......

31

500

Taisei

Corp.

(Construction

&

Engineering)

18

51

HC

CAPITAL

TRUST

The

ESG

Growth

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Japan

(continued)

4,700

Takeda

Pharmaceutical

Co.

Ltd.

(Pharmaceuticals)

.............

$

131

1,200

TDK

Corp.

(Electronic

Equipment,

Instruments

&

Components)

......

59

4,000

Terumo

Corp.

(Health

Care

Equipment

&

Supplies)

....................

73

1,200

The

Chiba

Bank

Ltd.

(Banks)

.........

10

2,300

The

Kansai

Electric

Power

Co.,

Inc.

(Electric

Utilities)

.............

33

800

TIS,

Inc.

(IT

Services)

..............

17

500

Tobu

Railway

Co.

Ltd.

(Ground

Transportation)

...............

12

300

Toho

Co.

Ltd.

(Entertainment)

.........

10

5,300

Tokio

Marine

Holdings,

Inc.

(Insurance)

.

165

1,400

Tokyo

Electron

Ltd.

(Semiconductors

&

Semiconductor

Equipment)

.......

364

1,000

Tokyo

Gas

Co.

Ltd.

(Gas

Utilities)

......

23

1,900

Tokyu

Corp.

(Ground

Transportation)

...

23

600

TOPPAN

Holdings,

Inc.

(Commercial

Services

&

Supplies)

...........

15

3,400

Toray

Industries,

Inc.

(Chemicals)

......

16

300

TOTO

Ltd.

(Building

Products)

........

8

400

Toyota

Industries

Corp.

(Machinery)

....

42

31,400

Toyota

Motor

Corp.

(Automobiles)

.....

791

700

Toyota

Tsusho

Corp.

(Trading

Companies

&

Distributors)

.................

48

400

Trend

Micro,

Inc.

(Software)

..........

20

1,200

Unicharm

Corp.

(Household

Products)

...

38

1,000

USS

Co.

Ltd.

(Specialty

Retail)

........

8

1,400

West

Japan

Railway

Co.

(Ground

Transportation)(b)

.............

29

800

Yakult

Honsha

Co.

Ltd.

(Food

Products)

.

16

300

Yamaha

Corp.

(Leisure

Products)

......

6

2,400

Yamaha

Motor

Co.

Ltd.

(Automobiles)

..

22

800

Yamato

Holdings

Co.

Ltd.

(Air

Freight

&

Logistics)

...................

12

800

Yaskawa

Electric

Corp.

(Machinery)

....

34

600

Yokogawa

Electric

Corp.

(Electronic

Equipment,

Instruments

&

Components)

.................

14

300

Zensho

Holdings

Co.

Ltd.

(Hotels,

Restaurants

&

Leisure)

..........

12

300

ZOZO,

Inc.

(Specialty

Retail)(b)

.......

7

11,563

Jordan

—

0.01%

509

Hikma

Pharmaceuticals

PLC

(Pharmaceuticals)(b)

...........

12

Luxembourg

—

0.05%

1,581

ArcelorMittal

SA

(Metals

&

Mining)

....

43

422

Eurofins

Scientific

SE

(Life

Sciences

Tools

&

Services)

..................

27

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Luxembourg

(continued)

1,520

Tenaris

SA

(Energy

Equipment

&

Services)

$

30

100

Macau

—

0.01%

7,600

Sands

China

Ltd.

(Hotels,

Restaurants

&

Leisure)(a)

..................

21

Netherlands

—

1.51%

1,484

ABN

AMRO

Bank

N.V.

(Banks)

.......

25

64

Adyen

N.V.

(Financial

Services)(a)(b)

...

108

4,651

Aegon

Ltd.

(Insurance)

..............

28

504

Akzo

Nobel

N.V.

(Chemicals)

.........

38

176

Argenx

SE

(Biotechnology)(a)

........

70

145

ASM

International

N.V.

(Semiconductors

&

Semiconductor

Equipment)

.......

89

1,199

ASML

Holding

N.V.

(Semiconductors

&

Semiconductor

Equipment)(b)

.....

1,153

524

ASR

Nederland

N.V.

(Insurance)

.......

26

209

BE

Semiconductor

Industries

N.V.

(Semiconductors

&

Semiconductor

Equipment)

..................

32

214

Euronext

N.V.

(Capital

Markets)

.......

20

275

EXOR

N.V.

(Financial

Services)

.......

31

366

Heineken

Holding

N.V.

(Beverages)

....

30

877

Heineken

N.V.

(Beverages)

...........

85

178

IMCD

N.V.

(Trading

Companies

&

Distributors)(b)

...............

31

10,023

ING

Groep

N.V.

(Banks)

.............

165

425

JDE

Peet's

N.V.

(Food

Products)(b)

.....

9

2,861

Koninklijke

Ahold

Delhaize

N.V.

(Consumer

Staples

Distribution

&

Retail)

.....

86

10,003

Koninklijke

KPN

N.V.

(Diversified

Telecommunication

Services)

.....

37

734

NN

Group

N.V.

(Insurance)

...........

34

761

NXP

Semiconductors

N.V.

(Semiconductors

&

Semiconductor

Equipment)

.....

188

248

OCI

N.V.

(Chemicals)(b)

............

7

4,344

Prosus

N.V.

(Broadline

Retail)(b)

......

136

676

QIAGEN

N.V.

(Life

Sciences

Tools

&

Services)(a)

..................

29

276

Randstad

N.V.

(Professional

Services)

...

15

6,592

Stellantis

N.V.

(Automobiles)

.........

187

2,441

Universal

Music

Group

N.V.

(Entertainment)

...............

73

751

Wolters

Kluwer

N.V.

(Professional

Services)

118

2,850

New

Zealand

—

0.06%

4,769

Auckland

International

Airport

Ltd.

(Transportation

Infrastructure)

.....

24

1,455

Fisher

&

Paykel

Healthcare

Corp.

Ltd.

(Health

Care

Equipment

&

Supplies)

22

1,764

Mercury

NZ

Ltd.

(Electric

Utilities)

.....

7

52

HC

CAPITAL

TRUST

The

ESG

Growth

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

New

Zealand

(continued)

2,860

Meridian

Energy

Ltd.

(Independent

Power

and

Renewable

Electricity

Producers)

$

10

5,100

Spark

New

Zealand

Ltd.

(Diversified

Telecommunication

Services)

.....

15

443

Xero

Ltd.

(Software)(a)

.............

38

116

Norway

—

0.15%

741

Adevinta

ASA

(Interactive

Media

&

Services)(a)

..................

8

1,069

Aker

BP

ASA

(Oil,

Gas

&

Consumable

Fuels)

......................

27

2,744

DNB

Bank

ASA

(Banks)

............

54

2,721

Equinor

ASA

(Oil,

Gas

&

Consumable

Fuels)

......................

71

485

Gjensidige

Forsikring

ASA

(Insurance)

..

7

217

Kongsberg

Gruppen

ASA

(Aerospace

&

Defense)

....................

15

1,453

Mowi

ASA

(Food

Products)(b)

........

27

3,388

Norsk

Hydro

ASA

(Metals

&

Mining)

...

19

1,866

Orkla

ASA

(Food

Products)

..........

13

241

Salmar

ASA

(Food

Products)

.........

16

1,828

Telenor

ASA

(Diversified

Telecommunication

Services)

.....

20

438

Yara

International

ASA

(Chemicals)

....

14

291

Portugal

—

0.04%

9,123

EDP

-

Energias

de

Portugal

SA

(Electric

Utilities)

....................

35

1,200

Galp

Energia

SGPS

SA

(Oil,

Gas

&

Consumable

Fuels)(b)

..........

20

752

Jeronimo

Martins

SGPS

SA

(Consumer

Staples

Distribution

&

Retail)(b)

...

15

70

Singapore

—

0.31%

11,741

CapitaLand

Ascendas

REIT

(Industrial

REITs)

.....................

24

12,356

CapitaLand

Integrated

Commercial

Trust

(Retail

REITs)

................

18

6,700

CapitaLand

Investment

Ltd.

(Real

Estate

Management

&

Development)

.....

13

1,000

City

Developments

Ltd.

(Real

Estate

Management

&

Development)

.....

4

5,461

DBS

Group

Holdings

Ltd.

(Banks)

.....

146

15,700

Genting

Singapore

Ltd.

(Hotels,

Restaurants

&

Leisure)

...................

10

5,748

Grab

Holdings

Ltd.

(Ground

Transportation)

(a)

........................

18

300

Jardine

Cycle

&

Carriage

Ltd.

(Industrial

Conglomerates)

...............

5

4,100

Keppel

Ltd.

(Industrial

Conglomerates)

..

22

6,014

Mapletree

Logistics

Trust

(Industrial

REITs)

7

10,390

Oversea-Chinese

Banking

Corp.

Ltd.

(Banks)

.....................

104

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Singapore

(continued)

136,048

Seatrium

Ltd.

(Machinery)(a)

.........

$

8

2,700

Sembcorp

Industries

Ltd.

(Multi-Utilities)

11

4,400

Singapore

Airlines

Ltd.

(Passenger

Airlines)

(b)

........................

21

3,300

Singapore

Exchange

Ltd.

(Capital

Markets)

23

4,100

Singapore

Technologies

Engineering

Ltd.

(Aerospace

&

Defense)

.........

12

25,100

Singapore

Telecommunications

Ltd.

(Diversified

Telecommunication

Services)

....................

47

3,800

United

Overseas

Bank

Ltd.

(Banks)

.....

83

5,000

Wilmar

International

Ltd.

(Food

Products)

13

589

Spain

—

0.72%

54

Acciona

SA

(Electric

Utilities)

........

7

687

ACS

Actividades

de

Construccion

y

Servicios

SA

(Construction

&

Engineering)

.................

29

231

Aena

SME

SA

(Transportation

Infrastructure)

................

45

1,338

Amadeus

IT

Group

SA

(Hotels,

Restaurants

&

Leisure)

...................

86

17,574

Banco

Bilbao

Vizcaya

Argentaria

SA

(Banks)

.....................

209

48,087

Banco

Santander

SA

(Banks)(b)

.......

234

12,123

CaixaBank

SA

(Banks)

..............

59

1,476

Cellnex

Telecom

SA

(Diversified

Telecommunication

Services)(b)

...

52

976

EDP

Renovaveis

SA

(Independent

Power

and

Renewable

Electricity

Producers)

13

812

Enagas

SA

(Gas

Utilities)(b)

..........

12

802

Endesa

SA

(Electric

Utilities)

.........

15

1,545

Ferrovial

SE

(Construction

&

Engineering)

61

1,194

Grifols

SA

(Biotechnology)(a)

.........

11

18,309

Iberdrola

SA

(Electric

Utilities)

........

227

3,229

Industria

de

Diseno

Textil

SA

(Specialty

Retail)

......................

163

1,081

Redeia

Corp.

SA

(Electric

Utilities)

.....

18

3,525

Repsol

SA

(Oil,

Gas

&

Consumable

Fuels)

59

13,288

Telefonica

SA

(Diversified

Telecommunication

Services)

.....

59

1,359

Sweden

—

0.83%

779

Alfa

Laval

AB

(Machinery)

..........

31

3,086

Assa

Abloy

AB,

Class

-

B

(Building

Products)

....................

89

7,773

Atlas

Copco

AB,

Class

-

A

(Machinery)

..

131

4,700

Atlas

Copco

AB,

Class

-

B

(Machinery)

..

69

1,237

Beijer

Ref

AB

(Trading

Companies

&

Distributors)

.................

18

764

Boliden

AB

(Metals

&

Mining)

........

21

2,092

Epiroc

AB,

Class

-

A

(Machinery)

......

39

1,066

Epiroc

AB,

Class

-

B

(Machinery)

......

18

53

HC

CAPITAL

TRUST

The

ESG

Growth

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Sweden

(continued)

1,104

EQT

AB

(Capital

Markets)

...........

$

35

1,896

Essity

AB,

Class

-

B

(Household

Products)

45

546

Evolution

AB

(Hotels,

Restaurants

&

Leisure)

....................

68

1,608

Fastighets

AB

Balder,

B

shares

(Real

Estate

Management

&

Development)(a)

...

12

767

Getinge

AB,

B

shares

(Health

Care

Equipment

&

Supplies)

.........

15

2,002

H

&

M

Hennes

&

Mauritz

AB,

Class

-

B

(Specialty

Retail)

..............

33

6,182

Hexagon

AB,

Class

-

B

(Electronic

Equipment,

Instruments

&

Components)

.................

73

172

Holmen

AB,

B

shares

(Paper

&

Forest

Products)

....................

7

854

Husqvarna

AB,

B

shares

(Machinery)

...

7

282

Industrivarden

AB,

Class

-

A

(Financial

Services)(b)

..................

10

451

Industrivarden

AB,

Class

-

C

(Financial

Services)

....................

16

910

Indutrade

AB

(Machinery)

...........

25

321

Investment

AB

Latour,

Class

-

B

(Industrial

Conglomerates)

...............

8

5,230

Investor

AB,

Class

-

B

(Financial

Services)

131

169

L

E

Lundbergforetagen

AB,

Class

-

B

(Financial

Services)

............

9

580

Lifco

AB,

Class

-

B

(Industrial

Conglomerates)

...............

15

4,601

Nibe

Industrier

AB,

Class

-

B

(Building

Products)

....................

23

253

Saab

AB,

Class

-

B

(Aerospace

&

Defense)

23

678

Sagax

AB,

Class

-

B

(Real

Estate

Management

&

Development)

.....

18

3,271

Sandvik

AB

(Machinery)

............

73

1,789

Securitas

AB,

Class

-

B

(Commercial

Services

&

Supplies)

...........

18

4,874

Skandinaviska

Enskilda

Banken

AB,

Class

-

A

(Banks)

...................

66

933

Skanska

AB,

Class

-

B

(Construction

&

Engineering)

.................

17

888

SKF

AB,

B

shares

(Machinery)

........

18

2,064

Svenska

Cellulosa

AB

SCA,

Class

-

B

(Paper

&

Forest

Products)

........

32

4,521

Svenska

Handelsbanken

AB,

Class

-

A

(Banks)

.....................

46

2,539

Swedbank

AB,

Class

-

A

(Banks)

.......

50

724

Swedish

Orphan

Biovitrum

AB

(Biotechnology)(a)

.............

18

1,442

Tele2

AB,

B

shares

(Wireless

Telecommunication

Services)

.....

12

9,054

Telefonaktiebolaget

LM

Ericsson,

Class

-

B

(Communications

Equipment)

.....

49

6,801

Telia

Co.

AB

(Diversified

Telecommunication

Services)(b)

...

17

648

Volvo

AB,

Class

-

A

(Machinery)

.......

18

4,503

Volvo

AB,

Class

-

B

(Machinery)

......

122

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Sweden

(continued)

4,100

Volvo

Car

AB,

Class

-

B

(Automobiles)(a)

(b)

........................

$

16

1,561

Switzerland

—

2.89%

4,722

ABB

Ltd.,

Registered

Shares

(Electrical

Equipment)

..................

219

513

Adecco

Group

AG

(Professional

Services)

(b)

........................

20

1,469

Alcon,

Inc.

(Health

Care

Equipment

&

Supplies)

....................

122

214

Avolta

AG,

Registered

Shares

(Specialty

Retail)(a)(b)

.................

9

75

Bachem

Holding

AG

(Life

Sciences

Tools

&

Services)

....................

7

117

Baloise

Holding

AG,

Registered

Shares

(Insurance)

..................

18

109

Banque

Cantonale

Vaudoise,

Registered

Shares

(Banks)

................

13

13

Barry

Callebaut

AG,

Registered

Shares

(Food

Products)(b)

.............

19

77

BKW

AG

(Electric

Utilities)

..........

12

5

Chocoladefabriken

Lindt

&

Spruengli

AG,

Class

-

PC

(Food

Products)

.......

60

1,223

Chubb

Ltd.

(Insurance)

..............

317

1,620

Cie

Financiere

Richemont

SA,

Registered

Shares

(Textiles,

Apparel

&

Luxury

Goods)

.....................

247

541

Clariant

AG,

Registered

Shares

(Chemicals)

7

683

Coca-Cola

HBC

AG

(Beverages)

.......

22

596

DSM-Firmenich

AG

(Chemicals)

......

68

23

EMS-Chemie

Holding

AG

(Chemicals)

..

18

475

Garmin

Ltd.

(Household

Durables)

.....

71

107

Geberit

AG,

Registered

Shares

(Building

Products)

....................

63

28

Givaudan

SA,

Registered

Shares

(Chemicals)

..................

125

29,911

Glencore

PLC

(Metals

&

Mining)(b)

....

164

86

Helvetia

Holding

AG,

Registered

Shares

(Insurance)

..................

12

1,549

Holcim

AG

(Construction

Materials)(b)

..

140

652

Julius

Baer

Group

Ltd.

(Capital

Markets)

.

38

163

Kuehne

+

Nagel

International

AG,

Registered

Shares

(Marine

Transportation)

...............

45

491

Logitech

International

SA,

Registered

Shares

(Technology

Hardware,

Storage

&

Peripherals)

................

44

218

Lonza

Group

AG,

Registered

Shares

(Life

Sciences

Tools

&

Services)(b)

.....

131

7,911

Nestle

SA,

Registered

Shares

(Food

Products)

....................

839

6,078

Novartis

AG,

Registered

Shares

(Pharmaceuticals)

.............

589

67

Partners

Group

Holding

AG

(Capital

Markets)

....................

96

2,096

Roche

Holding

AG

(Pharmaceuticals)

...

534

54

HC

CAPITAL

TRUST

The

ESG

Growth

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Switzerland

(continued)

96

Roche

Holding

AG,

Class

-

BR

(Pharmaceuticals)

.............

$

26

1,222

Sandoz

Group

AG

(Pharmaceuticals)(a)

..

37

142

Schindler

Holding

AG,

Class

-

PC

(Machinery)

.................

36

50

Schindler

Holding

AG,

Registered

Shares

(Machinery)

.................

12

461

SGS

SA,

Registered

Shares

(Professional

Services)(b)

..................

45

945

SIG

Group

AG

(Containers

&

Packaging)(b)

21

460

Sika

AG,

Registered

Shares

(Chemicals)(b)

137

153

Sonova

Holding

AG

(Health

Care

Equipment

&

Supplies)(b)

.......

44

2,093

STMicroelectronics

N.V.

(Semiconductors

&

Semiconductor

Equipment)

.....

90

338

Straumann

Holding

AG,

Registered

Shares

(Health

Care

Equipment

&

Supplies)

54

94

Swiss

Life

Holding

AG

(Insurance)

.....

66

190

Swiss

Prime

Site

AG,

Registered

Shares

(Real

Estate

Management

&

Development)

................

18

889

Swiss

Re

AG

(Insurance)

............

114

79

Swisscom

AG,

Registered

Shares

(Diversified

Telecommunication

Services)

....................

48

164

Temenos

AG,

Registered

Shares

(Software)

12

108

The

Swatch

Group

AG

(Textiles,

Apparel

&

Luxury

Goods)

...............

5

98

The

Swatch

Group

AG,

Class

-

BR

(Textiles,

Apparel

&

Luxury

Goods)

.......

23

9,797

UBS

Group

AG

(Capital

Markets)

......

301

80

VAT

Group

AG

(Machinery)

..........

41

443

Zurich

Insurance

Group

AG

(Insurance)

..

239

5,438

United

Arab

Emirates

—

0.00%

339

NMC

Health

PLC

(Health

Care

Providers

&

Services)(a)(c)

................

—

United

Kingdom

—

3.57%

2,840

3i

Group

PLC

(Capital

Markets)

.......

101

5,849

abrdn

PLC

(Capital

Markets)

.........

10

776

Admiral

Group

PLC

(Insurance)

.......

28

3,739

Amcor

PLC

(Containers

&

Packaging)

...

36

978

Amcor

PLC

(Containers

&

Packaging)

...

9

3,854

Anglo

American

PLC

(Metals

&

Mining)

.

95

1,287

Ashtead

Group

PLC

(Trading

Companies

&

Distributors)

.................

92

1,040

Associated

British

Foods

PLC

(Food

Products)

....................

33

4,604

AstraZeneca

PLC

(Pharmaceuticals)(b)

..

619

2,623

Auto

Trader

Group

PLC

(Interactive

Media

&

Services)(b)

................

23

8,845

Aviva

PLC

(Insurance)

..............

55

8,941

BAE

Systems

PLC

(Aerospace

&

Defense)

152

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

United

Kingdom

(continued)

46,181

Barclays

PLC

(Banks)(b)

............

$

107

2,421

Barratt

Developments

PLC

(Household

Durables)(b)

.................

15

399

Berkeley

Group

Holdings

PLC

(Household

Durables)

...................

24

50,669

BP

PLC

(Oil,

Gas

&

Consumable

Fuels)

.

316

21,107

BT

Group

PLC

(Diversified

Telecommunication

Services)

.....

29

987

Bunzl

PLC

(Trading

Companies

&

Distributors)

.................

38

1,017

Burberry

Group

PLC

(Textiles,

Apparel

&

Luxury

Goods)(b)

.............

16

17,106

Centrica

PLC

(Multi-Utilities)(b)

.......

28

2,858

CNH

Industrial

N.V.

(Machinery)(a)

....

37

623

Coca-Cola

Europacific

Partners

PLC

(Beverages)

..................

44

5,133

Compass

Group

PLC

(Hotels,

Restaurants

&

Leisure)

....................

150

433

Croda

International

PLC

(Chemicals)(b)

.

27

6,678

Diageo

PLC

(Beverages)

............

247

466

Endeavour

Mining

PLC

(Metals

&

Mining)

9

1,947

Entain

PLC

(Hotels,

Restaurants

&

Leisure)

(b)

........................

20

113

Ferguson

PLC

(Trading

Companies

&

Distributors)

.................

25

486

Ferguson

PLC

(Trading

Companies

&

Distributors)

.................

106

12,285

GSK

PLC

(Pharmaceuticals)

..........

265

17,290

Haleon

PLC

(Personal

Care

Products)

...

73

1,158

Halma

PLC

(Electronic

Equipment,

Instruments

&

Components)

......

35

823

Hargreaves

Lansdown

PLC

(Capital

Markets)

....................

8

57,453

HSBC

Holdings

PLC

(Banks)

.........

448

3,731

Informa

PLC

(Media)

...............

39

503

InterContinental

Hotels

Group

PLC

(Hotels,

Restaurants

&

Leisure)

..........

52

498

Intertek

Group

PLC

(Professional

Services)

31

5,247

J

Sainsbury

PLC

(Consumer

Staples

Distribution

&

Retail)

...........

18

6,250

JD

Sports

Fashion

PLC

(Specialty

Retail)

11

5,956

Kingfisher

PLC

(Specialty

Retail)

......

19

1,659

Land

Securities

Group

PLC

(Diversified

REITs)

.....................

14

18,863

Legal

&

General

Group

PLC

(Insurance)

.

61

718

Liberty

Global

Ltd.,

Class

-

C

(Diversified

Telecommunication

Services)(a)

...

13

180,308

Lloyds

Banking

Group

PLC

(Banks)

....

118

1,249

London

Stock

Exchange

Group

PLC

(Capital

Markets)(b)

............

150

6,041

M&G

PLC

(Financial

Services)

........

17

4,007

Melrose

Industries

PLC

(Aerospace

&

Defense)

....................

34

1,103

Mondi

PLC

(Paper

&

Forest

Products)

...

19

10,823

National

Grid

PLC

(Multi-Utilities)

.....

146

16,954

NatWest

Group

PLC

(Banks)(b)

.......

57

55

HC

CAPITAL

TRUST

The

ESG

Growth

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

United

Kingdom

(continued)

383

Next

PLC

(Broadline

Retail)

..........

$

45

1,748

Ocado

Group

PLC

(Consumer

Staples

Distribution

&

Retail)(a)(b)

......

10

1,722

Pearson

PLC

(Diversified

Consumer

Services)

....................

23

488

Pentair

PLC

(Machinery)

............

42

795

Persimmon

PLC

(Household

Durables)

..

13

2,089

Phoenix

Group

Holdings

PLC

(Insurance)

15

2,107

Reckitt

Benckiser

Group

PLC

(Household

Products)

....................

120

5,559

RELX

PLC

(Professional

Services)

.....

240

7,480

Rentokil

Initial

PLC

(Commercial

Services

&

Supplies)

..................

45

3,347

Rio

Tinto

PLC

(Metals

&

Mining)

......

212

25,101

Rolls-Royce

Holdings

PLC

(Aerospace

&

Defense)(a)

..................

135

1,911

Schroders

PLC

(Capital

Markets)

......

9

4,202

Segro

PLC

(Industrial

REITs)

.........

48

838

Severn

Trent

PLC

(Water

Utilities)(b)

...

26

19,423

Shell

PLC

(Oil,

Gas

&

Consumable

Fuels)

642

2,631

Smith

&

Nephew

PLC

(Health

Care

Equipment

&

Supplies)

.........

33

939

Smiths

Group

PLC

(Industrial

Conglomerates)

...............

19

227

Spirax-Sarco

Engineering

PLC

(Machinery)

29

3,275

SSE

PLC

(Electric

Utilities)

..........

68

1,736

St.

James's

Place

PLC

(Capital

Markets)

.

10

7,078

Standard

Chartered

PLC

(Banks)

.......

60

7,703

Taylor

Wimpey

PLC

(Household

Durables)

(b)

........................

13

22,102

Tesco

PLC

(Consumer

Staples

Distribution

&

Retail)

....................

83

3,118

The

Sage

Group

PLC

(Software)

.......

50

7,377

Unilever

PLC

(Personal

Care

Products)

..

369

2,236

United

Utilities

Group

PLC

(Water

Utilities)

29

69,908

Vodafone

Group

PLC

(Wireless

Telecommunication

Services)

.....

62

473

Whitbread

PLC

(Hotels,

Restaurants

&

Leisure)

....................

20

310

Willis

Towers

Watson

PLC

(Insurance)

..

85

1,866

Wise

PLC,

Class

-

A

(Financial

Services)(a)

22

3,407

WPP

PLC

(Media)

.................

32

6,728

United

States

—

68.28%

1,634

3M

Co.

(Industrial

Conglomerates)

.....

173

352

A.O.

Smith

Corp.

(Building

Products)

...

31

5,193

Abbott

Laboratories

(Health

Care

Equipment

&

Supplies)

.........

590

5,264

AbbVie,

Inc.

(Biotechnology)

.........

959

1,343

Adobe,

Inc.

(Software)(a)

............

678

4,804

Advanced

Micro

Devices,

Inc.

(Semiconductors

&

Semiconductor

Equipment)(a)

................

867

400

AECOM

(Construction

&

Engineering)

..

39

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

United

States

(continued)

1,696

Aflac,

Inc.

(Insurance)

..............

$

146

864

Agilent

Technologies,

Inc.

(Life

Sciences

Tools

&

Services)

..............

126

664

Air

Products

and

Chemicals,

Inc.

(Chemicals)

..................

161

1,321

Airbnb,

Inc.,

Class

-

A

(Hotels,

Restaurants

&

Leisure)(a)

.................

218

463

Akamai

Technologies,

Inc.

(IT

Services)(a)

50

346

Albemarle

Corp.

(Chemicals)

.........

46

945

Albertsons

Cos.,

Inc.,

Class

-

A

(Consumer

Staples

Distribution

&

Retail)

.....

20

505

Alexandria

Real

Estate

Equities,

Inc.

(Office

REITs)

.....................

65

214

Align

Technology,

Inc.

(Health

Care

Equipment

&

Supplies)(a)

.......

70

800

Alliant

Energy

Corp.

(Electric

Utilities)

..

40

662

Ally

Financial,

Inc.

(Consumer

Finance)

.

27

364

Alnylam

Pharmaceuticals,

Inc.

(Biotechnology)(a)

.............

54

17,531

Alphabet,

Inc.,

Class

-

A

(Interactive

Media

&

Services)(a)

................

2,646

15,267

Alphabet,

Inc.,

Class

-

C

(Interactive

Media

&

Services)(a)

................

2,325

27,540

Amazon.com,

Inc.

(Broadline

Retail)(a)

..

4,969

783

Ameren

Corp.

(Multi-Utilities)

........

58

1,510

American

Electric

Power

Co.,

Inc.

(Electric

Utilities)

....................

130

1,685

American

Express

Co.

(Consumer

Finance)

384

987

American

Homes

4

Rent,

Class

-

A

(Residential

REITs)

............

36

2,026

American

International

Group,

Inc.

(Insurance)

..................

158

1,388

American

Tower

Corp.

(Specialized

REITs)

274

581

American

Water

Works

Co.,

Inc.

(Water

Utilities)

....................

71

310

Ameriprise

Financial,

Inc.

(Capital

Markets)

136

662

AMETEK,

Inc.

(Electrical

Equipment)

...

121

1,607

Amgen,

Inc.

(Biotechnology)

.........

457

1,774

Amphenol

Corp.,

Class

-

A

(Electronic

Equipment,

Instruments

&

Components)

.................

205

1,481

Analog

Devices,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

.......

293

1,546

Annaly

Capital

Management,

Inc.

(Mortgage

Real

Estate

Investment

Trusts

(REITs))

...............

30

256

ANSYS,

Inc.

(Software)(a)

...........

89

608

Aon

PLC,

Class

-

A

(Insurance)

........

203

935

APA

Corp.

(Oil,

Gas

&

Consumable

Fuels)

32

1,171

Apollo

Global

Management,

Inc.

(Financial

Services)

....................

132

43,516

Apple,

Inc.

(Technology

Hardware,

Storage

&

Peripherals)

................

7,463

2,428

Applied

Materials,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

.......

501

517

AppLovin

Corp.,

Class

-

A

(Software)(a)

.

36

56

HC

CAPITAL

TRUST

The

ESG

Growth

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

United

States

(continued)

1,604

Archer-Daniels-Midland

Co.

(Food

Products)

....................

$

101

464

Ares

Management

Corp.,

Class

-

A

(Capital

Markets)

....................

62

797

Arista

Networks,

Inc.

(Communications

Equipment)(a)

................

231

638

Arthur

J.

Gallagher

&

Co.

(Insurance)

...

160

95

Aspen

Technology,

Inc.

(Software)(a)

...

20

147

Assurant,

Inc.

(Insurance)

............

28

21,426

AT&T,

Inc.

(Diversified

Telecommunication

Services)

....................

377

424

Atmos

Energy

Corp.

(Gas

Utilities)

.....

50

635

Autodesk,

Inc.

(Software)(a)

..........

165

1,237

Automatic

Data

Processing,

Inc.

(Professional

Services)

..........

309

50

AutoZone,

Inc.

(Specialty

Retail)(a)

.....

158

415

AvalonBay

Communities,

Inc.

(Residential

REITs)

.....................

77

2,035

Avantor,

Inc.

(Life

Sciences

Tools

&

Services)(a)

..................

52

257

Avery

Dennison

Corp.

(Containers

&

Packaging)

..................

57

204

Axon

Enterprise,

Inc.

(Aerospace

&

Defense)(a)

..................

64

2,953

Baker

Hughes

Co.

(Energy

Equipment

&

Services)

....................

99

944

Ball

Corp.

(Containers

&

Packaging)

....

64

20,960

Bank

of

America

Corp.

(Banks)

........

795

680

Bath

&

Body

Works,

Inc.

(Specialty

Retail)

34

1,504

Baxter

International,

Inc.

(Health

Care

Equipment

&

Supplies)

.........

64

871

Becton

Dickinson

&

Co.

(Health

Care

Equipment

&

Supplies)

.........

216

684

Bentley

Systems,

Inc.,

Class

-

B

(Software)

36

3,847

Berkshire

Hathaway,

Inc.,

Class

-

B

(Financial

Services)(a)

..........

1,618

598

Best

Buy

Co.,

Inc.

(Specialty

Retail)

....

49

289

BILL

Holdings,

Inc.

(Software)(a)

......

20

445

Biogen,

Inc.

(Biotechnology)(a)

.......

96

552

BioMarin

Pharmaceutical,

Inc.

(Biotechnology)(a)

.............

48

68

Bio-Rad

Laboratories,

Inc.,

Class

-

A

(Life

Sciences

Tools

&

Services)(a)

.....

24

466

Bio-Techne

Corp.

(Life

Sciences

Tools

&

Services)

....................

33

435

BlackRock,

Inc.

(Capital

Markets)

......

363

2,127

Blackstone,

Inc.

(Capital

Markets)

......

279

1,662

Block,

Inc.

(Financial

Services)(a)

......

141

102

Booking

Holdings,

Inc.

(Hotels,

Restaurants

&

Leisure)(a)

.................

370

389

Booz

Allen

Hamilton

Holding

Corp.

(Professional

Services)

..........

58

755

BorgWarner,

Inc.

(Automobile

Components)

26

473

Boston

Properties,

Inc.

(Office

REITs)

...

31

4,322

Boston

Scientific

Corp.

(Health

Care

Equipment

&

Supplies)(a)

.......

296

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

United

States

(continued)

6,062

Bristol-Myers

Squibb

Co.

(Pharmaceuticals)

$

329

1,315

Broadcom,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

.......

1,743

346

Broadridge

Financial

Solutions,

Inc.

(Professional

Services)

..........

71

300

Brookfield

Renewable

Corp.,

Class

-

A

(Independent

Power

and

Renewable

Electricity

Producers)(b)

.........

7

703

Brown

&

Brown,

Inc.

(Insurance)

......

62

900

Brown-Forman

Corp.,

Class

-

B

(Beverages)

46

354

Builders

FirstSource,

Inc.

(Building

Products)(a)

..................

74

445

Bunge

Global

SA

(Food

Products)

......

46

197

Burlington

Stores,

Inc.

(Specialty

Retail)(a)

46

349

C.H.

Robinson

Worldwide,

Inc.

(Air

Freight

&

Logistics)

.................

27

776

Cadence

Design

Systems,

Inc.

(Software)(a)

242

668

Caesars

Entertainment,

Inc.

(Hotels,

Restaurants

&

Leisure)(a)

........

29

353

Camden

Property

Trust

(Residential

REITs)

35

579

Campbell

Soup

Co.

(Food

Products)

....

26

1,123

Capital

One

Financial

Corp.

(Consumer

Finance)

....................

167

776

Cardinal

Health,

Inc.

(Health

Care

Providers

&

Services)

..................

87

154

Carlisle

Cos.,

Inc.

(Building

Products)

...

60

472

CarMax,

Inc.

(Specialty

Retail)(a)

......

41

2,449

Carrier

Global

Corp.

(Building

Products)

.

142

555

Catalent,

Inc.

(Pharmaceuticals)(a)

.....

31

1,497

Caterpillar,

Inc.

(Machinery)

..........

549

315

Cboe

Global

Markets,

Inc.

(Capital

Markets)

58

931

CBRE

Group,

Inc.,

Class

-

A

(Real

Estate

Management

&

Development)(a)

...

91

388

CDW

Corp.

(Electronic

Equipment,

Instruments

&

Components)

......

99

280

Celanese

Corp.

(Chemicals)

..........

48

446

Celsius

Holdings,

Inc.

(Beverages)(a)

...

37

522

Cencora,

Inc.

(Health

Care

Providers

&

Services)

....................

127

1,632

Centene

Corp.

(Health

Care

Providers

&

Services)(a)

..................

128

1,903

CenterPoint

Energy,

Inc.

(Multi-Utilities)

.

54

584

CF

Industries

Holdings,

Inc.

(Chemicals)

.

49

156

Charles

River

Laboratories

International,

Inc.

(Life

Sciences

Tools

&

Services)

(a)

........................

42

288

Charter

Communications,

Inc.,

Class

-

A

(Media)(a)

...................

84

708

Cheniere

Energy,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

.............

114

341

Chesapeake

Energy

Corp.

(Oil,

Gas

&

Consumable

Fuels)

.............

30

5,259

Chevron

Corp.

(Oil,

Gas

&

Consumable

Fuels)

......................

830

83

Chipotle

Mexican

Grill,

Inc.

(Hotels,

Restaurants

&

Leisure)(a)

........

241

57

HC

CAPITAL

TRUST

The

ESG

Growth

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

United

States

(continued)

689

Church

&

Dwight

Co.,

Inc.

(Household

Products)

....................

$

72

464

Cincinnati

Financial

Corp.

(Insurance)

...

58

277

Cintas

Corp.

(Commercial

Services

&

Supplies)

....................

190

12,086

Cisco

Systems,

Inc.

(Communications

Equipment)

..................

603

5,529

Citigroup,

Inc.

(Banks)

..............

350

1,484

Citizens

Financial

Group,

Inc.

(Banks)

...

54

1,462

Cleveland-Cliffs,

Inc.

(Metals

&

Mining)(a)

33

859

Cloudflare,

Inc.,

Class

-

A

(IT

Services)(a)

83

1,082

CME

Group,

Inc.

(Capital

Markets)

.....

233

886

CMS

Energy

Corp.

(Multi-Utilities)

.....

53

1,492

Cognizant

Technology

Solutions

Corp.,

Class

-

A

(IT

Services)

..........

109

539

Coinbase

Global,

Inc.,

Class

-

A

(Capital

Markets)(a)

..................

143

2,327

Colgate-Palmolive

Co.

(Household

Products)

....................

210

11,750

Comcast

Corp.,

Class

-

A

(Media)

......

509

1,427

Conagra

Brands,

Inc.

(Food

Products)

...

42

546

Confluent,

Inc.,

Class

-

A

(Software)(a)

..

17

3,477

ConocoPhillips

(Oil,

Gas

&

Consumable

Fuels)

......................

443

1,043

Consolidated

Edison,

Inc.

(Multi-Utilities)

95

483

Constellation

Brands,

Inc.,

Class

-

A

(Beverages)

..................

131

965

Constellation

Energy

Corp.

(Electric

Utilities)

....................

178

2,502

Copart,

Inc.

(Commercial

Services

&

Supplies)(a)

..................

145

2,365

Corning,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

......

78

208

Corpay,

Inc.

(Software)(a)

............

64

2,104

Corteva,

Inc.

(Chemicals)

............

121

1,194

CoStar

Group,

Inc.

(Real

Estate

Management

&

Development)(a)

...

115

1,318

Costco

Wholesale

Corp.

(Consumer

Staples

Distribution

&

Retail)

...........

966

2,250

Coterra

Energy,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

.............

63

675

Crowdstrike

Holdings,

Inc.,

Class

-

A

(Software)(a)

.................

216

1,282

Crown

Castle,

Inc.

(Specialized

REITs)

..

136

370

Crown

Holdings,

Inc.

(Containers

&

Packaging)

..................

29

5,613

CSX

Corp.

(Ground

Transportation)

....

208

411

Cummins,

Inc.

(Machinery)

..........

121

3,897

CVS

Health

Corp.

(Health

Care

Providers

&

Services)

....................

311

907

D.R.

Horton,

Inc.

(Household

Durables)

..

149

2,056

Danaher

Corp.

(Life

Sciences

Tools

&

Services)

....................

513

363

Darden

Restaurants,

Inc.

(Hotels,

Restaurants

&

Leisure)

..........

61

481

Darling

Ingredients,

Inc.

(Food

Products)(a)

22

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

United

States

(continued)

847

Datadog,

Inc.,

Class

-

A

(Software)(a)

...

$

105

187

DaVita,

Inc.

(Health

Care

Providers

&

Services)(a)

..................

26

449

Dayforce,

Inc.

(Professional

Services)(a)

.

30

79

Deckers

Outdoor

Corp.

(Textiles,

Apparel

&

Luxury

Goods)(a)

.............

74

791

Deere

&

Co.

(Machinery)

............

325

755

Dell

Technologies,

Inc.,

Class

-

C

(Technology

Hardware,

Storage

&

Peripherals)

..................

86

418

Delta

Air

Lines,

Inc.

(Passenger

Airlines)

.

20

1,934

Devon

Energy

Corp.

(Oil,

Gas

&

Consumable

Fuels)

.............

97

1,169

Dexcom,

Inc.

(Health

Care

Equipment

&

Supplies)(a)

..................

162

508

Diamondback

Energy,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

.............

101

185

Dick's

Sporting

Goods,

Inc.

(Specialty

Retail)

......................

42

917

Digital

Realty

Trust,

Inc.

(Specialized

REITs)

.....................

132

754

Discover

Financial

Services

(Consumer

Finance)

....................

99

612

DocuSign,

Inc.

(Software)(a)

..........

36

643

Dollar

General

Corp.

(Consumer

Staples

Distribution

&

Retail)

...........

100

623

Dollar

Tree,

Inc.

(Consumer

Staples

Distribution

&

Retail)(a)

.........

83

2,472

Dominion

Energy,

Inc.

(Multi-Utilities)

..

122

104

Domino's

Pizza,

Inc.

(Hotels,

Restaurants

&

Leisure)

....................

52

759

DoorDash,

Inc.,

Class

-

A

(Hotels,

Restaurants

&

Leisure)(a)

........

105

411

Dover

Corp.

(Machinery)

............

73

2,107

Dow,

Inc.

(Chemicals)

..............

122

1,255

DraftKings,

Inc.

(Hotels,

Restaurants

&

Leisure)(a)

..................

57

766

Dropbox,

Inc.,

Class

-

A

(Software)(a)

...

19

617

DTE

Energy

Co.

(Multi-Utilities)

......

69

2,254

Duke

Energy

Corp.

(Electric

Utilities)

...

218

1,224

DuPont

de

Nemours,

Inc.

(Chemicals)

...

94

772

Dynatrace,

Inc.

(Software)(a)

.........

36

394

Eastman

Chemical

Co.

(Chemicals)

.....

39

1,194

Eaton

Corp.

PLC

(Electrical

Equipment)

.

373

1,596

eBay,

Inc.

(Broadline

Retail)

..........

84

751

Ecolab,

Inc.

(Chemicals)

.............

173

1,122

Edison

International

(Electric

Utilities)

..

79

1,771

Edwards

Lifesciences

Corp.

(Health

Care

Equipment

&

Supplies)(a)

.......

169

779

Electronic

Arts,

Inc.

(Entertainment)

....

103

703

Elevance

Health,

Inc.

(Health

Care

Providers

&

Services)

...........

365

2,387

Eli

Lilly

&

Co.

(Pharmaceuticals)

......

1,857

1,714

Emerson

Electric

Co.

(Electrical

Equipment)

194

403

Enphase

Energy,

Inc.

(Semiconductors

&

Semiconductor

Equipment)(a)

.....

49

58

HC

CAPITAL

TRUST

The

ESG

Growth

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

United

States

(continued)

440

Entegris,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

.......

$

62

638

Entergy

Corp.

(Electric

Utilities)

.......

67

1,715

EOG

Resources,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

.............

219

171

EPAM

Systems,

Inc.

(IT

Services)(a)

....

47

1,165

EQT

Corp.

(Oil,

Gas

&

Consumable

Fuels)

43

359

Equifax,

Inc.

(Professional

Services)

....

96

280

Equinix,

Inc.

(Specialized

REITs)

......

231

940

Equitable

Holdings,

Inc.

(Financial

Services)

....................

36

554

Equity

LifeStyle

Properties,

Inc.

(Residential

REITs)

............

36

1,075

Equity

Residential

(Residential

REITs)

..

68

812

Essential

Utilities,

Inc.

(Water

Utilities)

..

30

175

Essex

Property

Trust,

Inc.

(Residential

REITs)

.....................

43

385

Etsy,

Inc.

(Broadline

Retail)(a)

........

26

721

Evergy,

Inc.

(Electric

Utilities)

........

38

1,042

Eversource

Energy

(Electric

Utilities)

...

62

524

Exact

Sciences

Corp.

(Biotechnology)(a)

.

36

2,947

Exelon

Corp.

(Electric

Utilities)

.......

111

454

Expeditors

International

of

Washington,

Inc.

(Air

Freight

&

Logistics)

........

55

624

Extra

Space

Storage,

Inc.

(Specialized

REITs)

.....................

92

11,799

Exxon

Mobil

Corp.

(Oil,

Gas

&

Consumable

Fuels)

......................

1,372

153

F5,

Inc.

(Communications

Equipment)(a)

.

29

111

FactSet

Research

Systems,

Inc.

(Capital

Markets)

....................

50

74

Fair

Isaac

Corp.

(Software)(a)

.........

92

1,641

Fastenal

Co.

(Trading

Companies

&

Distributors)

.................

127

715

FedEx

Corp.

(Air

Freight

&

Logistics)

...

207

676

Fidelity

National

Financial,

Inc.

(Insurance)

36

1,759

Fidelity

National

Information

Services,

Inc.

(Financial

Services)

............

130

2,086

Fifth

Third

Bancorp

(Banks)

..........

78

32

First

Citizens

BancShares,

Inc.,

Class

-

A

(Banks)

.....................

52

297

First

Solar,

Inc.

(Semiconductors

&

Semiconductor

Equipment)(a)

.....

50

1,607

FirstEnergy

Corp.

(Electric

Utilities)

....

62

1,730

Fiserv,

Inc.

(Financial

Services)(a)

......

276

331

FMC

Corp.

(Chemicals)

.............

21

11,919

Ford

Motor

Co.

(Automobiles)

........

158

1,951

Fortinet,

Inc.

(Software)(a)

...........

133

1,031

Fortive

Corp.

(Machinery)

...........

89

336

Fortune

Brands

Innovations,

Inc.

(Building

Products)

....................

28

1,024

Fox

Corp.,

Class

-

A

(Media)

..........

32

244

Fox

Corp.,

Class

-

B

(Media)

.........

7

748

Franklin

Resources,

Inc.

(Capital

Markets)

21

4,226

Freeport-McMoRan,

Inc.

(Metals

&

Mining)

199

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

United

States

(continued)

233

Gartner,

Inc.

(IT

Services)(a)

..........

$

111

1,196

GE

HealthCare

Technologies,

Inc.

(Health

Care

Equipment

&

Supplies)

......

109

1,748

Gen

Digital,

Inc.

(Software)

..........

39

685

General

Dynamics

Corp.

(Aerospace

&

Defense)

....................

194

3,242

General

Electric

Co.

(Industrial

Conglomerates)

...............

569

1,713

General

Mills,

Inc.

(Food

Products)

.....

120

4,105

General

Motors

Co.

(Automobiles)

.....

186

414

Genuine

Parts

Co.

(Distributors)

.......

64

3,744

Gilead

Sciences,

Inc.

(Biotechnology)

...

274

778

Global

Payments,

Inc.

(Financial

Services)

104

310

Globe

Life,

Inc.

(Insurance)

..........

36

391

GoDaddy,

Inc.,

Class

-

A

(IT

Services)(a)

.

46

486

Graco,

Inc.

(Machinery)

.............

45

2,649

Halliburton

Co.

(Energy

Equipment

&

Services)

....................

104

403

Hasbro,

Inc.

(Leisure

Products)

........

23

606

HCA

Healthcare,

Inc.

(Health

Care

Providers

&

Services)

...........

202

1,755

Healthpeak

Properties,

Inc.

(Health

Care

REITs)

.....................

33

133

HEICO

Corp.

(Aerospace

&

Defense)

...

25

225

HEICO

Corp.,

Class

-

A

(Aerospace

&

Defense)

....................

35

391

Henry

Schein,

Inc.

(Health

Care

Providers

&

Services)(a)

..................

30

809

Hess

Corp.

(Oil,

Gas

&

Consumable

Fuels)

123

3,805

Hewlett

Packard

Enterprise

Co.

(Technology

Hardware,

Storage

&

Peripherals)

..

67

472

HF

Sinclair

Corp.

(Oil,

Gas

&

Consumable

Fuels)

......................

28

732

Hilton

Worldwide

Holdings,

Inc.

(Hotels,

Restaurants

&

Leisure)

..........

156

727

Hologic,

Inc.

(Health

Care

Equipment

&

Supplies)(a)

..................

57

1,970

Honeywell

International,

Inc.

(Industrial

Conglomerates)

...............

404

911

Hormel

Foods

Corp.

(Food

Products)

....

32

2,156

Host

Hotels

&

Resorts,

Inc.

(Hotel

&

Resort

REITs)

.....................

45

1,180

Howmet

Aerospace,

Inc.

(Aerospace

&

Defense)

....................

81

2,600

HP,

Inc.

(Technology

Hardware,

Storage

&

Peripherals)

..................

79

155

Hubbell,

Inc.

(Electrical

Equipment)

....

64

139

HubSpot,

Inc.

(Software)(a)

..........

87

370

Humana,

Inc.

(Health

Care

Providers

&

Services)

....................

128

4,354

Huntington

Bancshares,

Inc.

(Banks)

....

61

122

Huntington

Ingalls

Industries,

Inc.

(Aerospace

&

Defense)

.........

36

114

Hyatt

Hotels

Corp.,

Class

-

A

(Hotels,

Restaurants

&

Leisure)

..........

18

222

IDEX

Corp.

(Machinery)

............

54

59

HC

CAPITAL

TRUST

The

ESG

Growth

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

United

States

(continued)

245

IDEXX

Laboratories,

Inc.

(Health

Care

Equipment

&

Supplies)(a)

.......

$

132

813

Illinois

Tool

Works,

Inc.

(Machinery)

....

218

465

Illumina,

Inc.

(Life

Sciences

Tools

&

Services)(a)

..................

64

560

Incyte

Corp.

(Biotechnology)(a)

.......

32

1,189

Ingersoll

Rand,

Inc.

(Machinery)

.......

113

205

Insulet

Corp.

(Health

Care

Equipment

&

Supplies)(a)

..................

35

12,476

Intel

Corp.

(Semiconductors

&

Semiconductor

Equipment)

.......

551

1,703

Intercontinental

Exchange,

Inc.

(Capital

Markets)

....................

234

2,715

International

Business

Machines

Corp.

(IT

Services)

....................

518

759

International

Flavors

&

Fragrances,

Inc.

(Chemicals)

..................

65

1,039

International

Paper

Co.

(Containers

&

Packaging)

..................

41

817

Intuit,

Inc.

(Software)

...............

531

1,049

Intuitive

Surgical,

Inc.

(Health

Care

Equipment

&

Supplies)(a)

.......

419

1,844

Invitation

Homes,

Inc.

(Residential

REITs)

66

545

IQVIA

Holdings,

Inc.

(Life

Sciences

Tools

&

Services)(a)

................

138

858

Iron

Mountain,

Inc.

(Specialized

REITs)

.

69

393

Jabil,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

......

53

221

Jack

Henry

&

Associates,

Inc.

(Financial

Services)

....................

38

374

Jacobs

Solutions,

Inc.

(Professional

Services)

....................

57

152

Jazz

Pharmaceuticals

PLC

(Pharmaceuticals)(a)

...........

18

43

Jazz

Pharmaceuticals

PLC

(Pharmaceuticals)(a)

...........

5

246

JB

Hunt

Transport

Services,

Inc.

(Ground

Transportation)

...............

49

7,006

Johnson

&

Johnson

(Pharmaceuticals)

...

1,108

8,553

JPMorgan

Chase

&

Co.

(Banks)

.......

1,713

967

Juniper

Networks,

Inc.

(Communications

Equipment)

..................

36

802

Kellanova

(Food

Products)

...........

46

5,096

Kenvue,

Inc.

(Personal

Care

Products)

...

109

3,098

Keurig

Dr.

Pepper,

Inc.

(Beverages)

.....

95

2,950

KeyCorp

(Banks)

..................

47

537

Keysight

Technologies,

Inc.

(Electronic

Equipment,

Instruments

&

Components)(a)

...............

84

1,019

Kimberly-Clark

Corp.

(Household

Products)

132

2,069

Kimco

Realty

Corp.

(Retail

REITs)

.....

41

5,984

Kinder

Morgan,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

.............

110

1,700

KKR

&

Co.,

Inc.

(Capital

Markets)

.....

171

409

KLA

Corp.

(Semiconductors

&

Semiconductor

Equipment)

.......

286

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

United

States

(continued)

490

Knight-Swift

Transportation

Holdings,

Inc.

(Ground

Transportation)

.........

$

27

561

L3Harris

Technologies,

Inc.

(Aerospace

&

Defense)

....................

120

264

Laboratory

Corp.

of

America

Holdings

(Health

Care

Providers

&

Services)

.

58

394

Lam

Research

Corp.

(Semiconductors

&

Semiconductor

Equipment)

.......

383

429

Lamb

Weston

Holdings,

Inc.

(Food

Products)

....................

46

1,115

Las

Vegas

Sands

Corp.

(Hotels,

Restaurants

&

Leisure)

...................

58

403

Lattice

Semiconductor

Corp.

(Semiconductors

&

Semiconductor

Equipment)(a)

................

32

199

Lear

Corp.

(Automobile

Components)

...

29

388

Leidos

Holdings,

Inc.

(Professional

Services)

....................

51

746

Lennar

Corp.,

Class

-

A

(Household

Durables)

...................

128

100

Lennox

International,

Inc.

(Building

Products)

....................

49

1,416

Linde

PLC

(Chemicals)

.............

657

487

Live

Nation

Entertainment,

Inc.

(Entertainment)(a)

.............

52

802

LKQ

Corp.

(Distributors)

............

43

667

Lockheed

Martin

Corp.

(Aerospace

&

Defense)

....................

303

591

Loews

Corp.

(Insurance)

.............

46

1,718

Lowe's

Cos.,

Inc.

(Specialty

Retail)

.....

438

233

LPL

Financial

Holdings,

Inc.

(Capital

Markets)

....................

62

779

LyondellBasell

Industries

N.V.,

Class

-

A

(Chemicals)

..................

80

503

M&T

Bank

Corp.

(Banks)

............

73

188

Manhattan

Associates,

Inc.

(Software)(a)

.

47

1,882

Marathon

Oil

Corp.

(Oil,

Gas

&

Consumable

Fuels)

.............

53

1,138

Marathon

Petroleum

Corp.

(Oil,

Gas

&

Consumable

Fuels)

.............

229

116

MarketAxess

Holdings,

Inc.

(Capital

Markets)

....................

25

750

Marriott

International,

Inc.,

Class

-

A

(Hotels,

Restaurants

&

Leisure)

....

189

1,474

Marsh

&

McLennan

Cos.,

Inc.

(Insurance)

304

180

Martin

Marietta

Materials,

Inc.

(Construction

Materials)

.........

111

2,508

Marvell

Technology,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

.....

178

698

Masco

Corp.

(Building

Products)

.......

55

2,479

Mastercard,

Inc.,

Class

-

A

(Financial

Services)

....................

1,194

844

Match

Group,

Inc.

(Interactive

Media

&

Services)(a)

..................

31

741

McCormick

&

Co.,

Inc.

(Food

Products)

.

57

2,184

McDonald's

Corp.

(Hotels,

Restaurants

&

Leisure)

....................

616

60

HC

CAPITAL

TRUST

The

ESG

Growth

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

United

States

(continued)

395

McKesson

Corp.

(Health

Care

Providers

&

Services)

....................

$

212

7,546

Merck

&

Co.,

Inc.

(Pharmaceuticals)

....

996

1,775

MetLife,

Inc.

(Insurance)

............

132

64

Mettler-Toledo

International,

Inc.

(Life

Sciences

Tools

&

Services)(a)

.....

85

721

MGM

Resorts

International

(Hotels,

Restaurants

&

Leisure)(a)

........

34

1,594

Microchip

Technology,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

..................

143

3,294

Micron

Technology,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

.......

388

20,916

Microsoft

Corp.

(Software)

...........

8,801

373

Mid-America

Apartment

Communities,

Inc.

(Residential

REITs)

............

49

960

Moderna,

Inc.

(Biotechnology)(a)

......

102

171

Molina

Healthcare,

Inc.

(Health

Care

Providers

&

Services)(a)

.........

70

568

Molson

Coors

Beverage

Co.,

Class

-

B

(Beverages)

..................

38

4,038

Mondelez

International,

Inc.,

Class

-

A

(Food

Products)

...............

283

216

MongoDB,

Inc.

(IT

Services)(a)

.......

77

147

Monolithic

Power

Systems,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

..................

100

2,355

Monster

Beverage

Corp.

(Beverages)(a)

..

140

490

Moody's

Corp.

(Capital

Markets)

.......

193

3,621

Morgan

Stanley

(Capital

Markets)

......

341

504

Motorola

Solutions,

Inc.

(Communications

Equipment)

..................

179

1,014

Nasdaq,

Inc.

(Capital

Markets)

........

64

631

NetApp,

Inc.

(Technology

Hardware,

Storage

&

Peripherals)

..........

66

1,303

Netflix,

Inc.

(Entertainment)(a)

........

791

289

Neurocrine

Biosciences,

Inc.

(Biotechnology)(a)

.............

40

3,429

Newmont

Corp.

(Metals

&

Mining)

.....

123

1,230

News

Corp.,

Class

-

A

(Media)

........

32

6,103

NextEra

Energy,

Inc.

(Electric

Utilities)

..

390

3,597

NIKE,

Inc.,

Class

-

B

(Textiles,

Apparel

&

Luxury

Goods)

...............

338

1,317

NiSource,

Inc.

(Multi-Utilities)

........

36

154

Nordson

Corp.

(Machinery)

..........

42

669

Norfolk

Southern

Corp.

(Ground

Transportation)

...............

171

640

Northern

Trust

Corp.

(Capital

Markets)

..

57

431

Northrop

Grumman

Corp.

(Aerospace

&

Defense)

....................

206

742

NRG

Energy,

Inc.

(Electric

Utilities)

....

50

739

Nucor

Corp.

(Metals

&

Mining)

.......

146

7,322

NVIDIA

Corp.

(Semiconductors

&

Semiconductor

Equipment)

.......

6,617

10

NVR,

Inc.

(Household

Durables)(a)

.....

81

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

United

States

(continued)

1,974

Occidental

Petroleum

Corp.

(Oil,

Gas

&

Consumable

Fuels)

.............

$

128

457

Okta,

Inc.

(IT

Services)(a)

............

48

576

Old

Dominion

Freight

Line,

Inc.

(Ground

Transportation)

...............

126

598

Omnicom

Group,

Inc.

(Media)

........

58

1,275

ON

Semiconductor

Corp.

(Semiconductors

&

Semiconductor

Equipment)(a)

...

94

1,731

ONEOK,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

......................

139

4,889

Oracle

Corp.

(Software)

.............

614

180

O'Reilly

Automotive,

Inc.

(Specialty

Retail)

(a)

........................

203

1,202

Otis

Worldwide

Corp.

(Machinery)

.....

119

730

Ovintiv,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

38

250

Owens

Corning

(Building

Products)

....

42

1,549

PACCAR,

Inc.

(Machinery)

..........

192

243

Packaging

Corp.

of

America

(Containers

&

Packaging)

..................

46

958

Palo

Alto

Networks,

Inc.

(Software)(a)

...

272

1,520

Paramount

Global,

Class

-

B

(Media)

....

18

374

Parker-Hannifin

Corp.

(Machinery)

.....

208

954

Paychex,

Inc.

(Professional

Services)

....

117

162

Paycom

Software,

Inc.

(Professional

Services)

....................

32

128

Paylocity

Holding

Corp.

(Professional

Services)(a)

..................

22

2,952

PayPal

Holdings,

Inc.

(Financial

Services)

(a)

........................

198

4,109

PepsiCo,

Inc.

(Beverages)

............

719

16,746

Pfizer,

Inc.

(Pharmaceuticals)

.........

465

6,020

PG&E

Corp.

(Electric

Utilities)

........

101

1,281

Phillips

66

(Oil,

Gas

&

Consumable

Fuels)

209

701

Pioneer

Natural

Resources

Co.

(Oil,

Gas

&

Consumable

Fuels)

.............

184

117

Pool

Corp.

(Distributors)

............

47

693

PPG

Industries,

Inc.

(Chemicals)

.......

100

2,211

PPL

Corp.

(Electric

Utilities)

..........

61

723

Principal

Financial

Group,

Inc.

(Insurance)

62

2,757

Prologis,

Inc.

(Industrial

REITs)

.......

359

1,093

Prudential

Financial,

Inc.

(Insurance)

....

128

337

PTC,

Inc.

(Software)(a)

.............

64

1,468

Public

Service

Enterprise

Group,

Inc.

(Multi-Utilities)

...............

98

470

Public

Storage

(Specialized

REITs)

.....

136

667

PulteGroup,

Inc.

(Household

Durables)

..

80

304

Qorvo,

Inc.

(Semiconductors

&

Semiconductor

Equipment)(a)

.....

35

3,328

QUALCOMM,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

.......

563

420

Quanta

Services,

Inc.

(Construction

&

Engineering)

.................

109

329

Quest

Diagnostics,

Inc.

(Health

Care

Providers

&

Services)

...........

44

61

HC

CAPITAL

TRUST

The

ESG

Growth

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

United

States

(continued)

609

Raymond

James

Financial,

Inc.

(Capital

Markets)

....................

$

78

547

RB

Global,

Inc.

(Commercial

Services

&

Supplies)

....................

42

2,435

Realty

Income

Corp.

(Retail

REITs)

.....

132

563

Regency

Centers

Corp.

(Retail

REITs)

...

34

319

Regeneron

Pharmaceuticals,

Inc.

(Biotechnology)(a)

.............

307

2,806

Regions

Financial

Corp.

(Banks)

.......

59

175

Reliance,

Inc.

(Metals

&

Mining)

......

58

158

Repligen

Corp.

(Life

Sciences

Tools

&

Services)(a)

..................

29

671

Republic

Services,

Inc.

(Commercial

Services

&

Supplies)

...........

128

430

ResMed,

Inc.

(Health

Care

Equipment

&

Supplies)

....................

85

374

Revvity,

Inc.

(Life

Sciences

Tools

&

Services)

....................

39

1,908

Rivian

Automotive,

Inc.,

Class

-

A

(Automobiles)(a)

..............

21

298

Robert

Half,

Inc.

(Professional

Services)

.

24

1,364

Robinhood

Markets,

Inc.,

Class

-

A

(Capital

Markets)(a)

..................

27

334

Rockwell

Automation,

Inc.

(Electrical

Equipment)

..................

97

369

Roku,

Inc.

(Entertainment)(a)

.........

24

918

Rollins,

Inc.

(Commercial

Services

&

Supplies)

....................

42

326

Roper

Technologies,

Inc.

(Software)

....

183

1,011

Ross

Stores,

Inc.

(Specialty

Retail)

.....

148

721

Royal

Caribbean

Cruises

Ltd.

(Hotels,

Restaurants

&

Leisure)(a)

........

100

1,170

Royalty

Pharma

PLC,

Class

-

A

(Pharmaceuticals)

.............

36

384

RPM

International,

Inc.

(Chemicals)

....

46

4,272

RTX

Corp.

(Aerospace

&

Defense)

.....

417

966

S&P

Global,

Inc.

(Capital

Markets)

.....

411

2,869

Salesforce,

Inc.

(Software)(a)

.........

864

580

Samsara,

Inc.,

Class

-

A

(Software)(a)

...

22

322

SBA

Communications

Corp.

(Specialized

REITs)

.....................

70

4,280

Schlumberger

N.V.

(Energy

Equipment

&

Services)

....................

235

620

Seagate

Technology

Holdings

PLC

(Technology

Hardware,

Storage

&

Peripherals)

..................

58

1,649

Sempra

(Multi-Utilities)

.............

118

608

ServiceNow,

Inc.

(Software)(a)

........

464

978

Simon

Property

Group,

Inc.

(Retail

REITs)

153

2,495

Sirius

XM

Holdings,

Inc.

(Media)

......

10

468

Skyworks

Solutions,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

.....

51

2,938

Snap,

Inc.,

Class

-

A

(Interactive

Media

&

Services)(a)

..................

34

153

Snap-on,

Inc.

(Machinery)

...........

45

834

Snowflake,

Inc.,

Class

-

A

(IT

Services)(a)

135

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

United

States

(continued)

410

Southwest

Airlines

Co.

(Passenger

Airlines)

$

12

459

Stanley

Black

&

Decker,

Inc.

(Machinery)

45

3,402

Starbucks

Corp.

(Hotels,

Restaurants

&

Leisure)

....................

311

867

State

Street

Corp.

(Capital

Markets)

.....

67

482

Steel

Dynamics,

Inc.

(Metals

&

Mining)

.

71

293

STERIS

PLC

(Health

Care

Equipment

&

Supplies)

....................

66

1,016

Stryker

Corp.

(Health

Care

Equipment

&

Supplies)

....................

364

387

Sun

Communities,

Inc.

(Residential

REITs)

50

1,291

Synchrony

Financial

(Consumer

Finance)

56

454

Synopsys,

Inc.

(Software)(a)

..........

259

1,505

Sysco

Corp.

(Consumer

Staples

Distribution

&

Retail)

....................

122

671

T.

Rowe

Price

Group,

Inc.

(Capital

Markets)

82

499

Take-Two

Interactive

Software,

Inc.

(Entertainment)(a)

.............

74

647

Targa

Resources

Corp.

(Oil,

Gas

&

Consumable

Fuels)

.............

72

1,404

Target

Corp.

(Consumer

Staples

Distribution

&

Retail)

....................

249

919

TE

Connectivity

Ltd.

(Electronic

Equipment,

Instruments

&

Components)

.................

133

142

Teledyne

Technologies,

Inc.

(Electronic

Equipment,

Instruments

&

Components)(a)

...............

61

143

Teleflex,

Inc.

(Health

Care

Equipment

&

Supplies)

....................

32

456

Teradyne,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

.......

51

8,466

Tesla,

Inc.

(Automobiles)(a)

..........

1,488

2,701

Texas

Instruments,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

.......

471

54

Texas

Pacific

Land

Corp.

(Oil,

Gas

&

Consumable

Fuels)

.............

31

619

Textron,

Inc.

(Aerospace

&

Defense)

....

59

2,030

The

AES

Corp.

(Independent

Power

and

Renewable

Electricity

Producers)

..

36

779

The

Allstate

Corp.

(Insurance)

.........

135

2,222

The

Bank

of

New

York

Mellon

Corp.

(Capital

Markets)

..............

128

1,699

The

Boeing

Co.

(Aerospace

&

Defense)(a)

328

677

The

Carlyle

Group,

Inc.

(Capital

Markets)

32

4,507

The

Charles

Schwab

Corp.

(Capital

Markets)

....................

326

856

The

Cigna

Group

(Health

Care

Providers

&

Services)

....................

311

362

The

Clorox

Co.

(Household

Products)

...

55

12,223

The

Coca-Cola

Co.

(Beverages)

.......

748

584

The

Cooper

Cos.,

Inc.

(Health

Care

Equipment

&

Supplies)

.........

59

682

The

Estee

Lauder

Cos.,

Inc.

(Personal

Care

Products)

....................

105

62

HC

CAPITAL

TRUST

The

ESG

Growth

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

United

States

(continued)

976

The

Goldman

Sachs

Group,

Inc.

(Capital

Markets)

....................

$

408

929

The

Hartford

Financial

Services

Group,

Inc.

(Insurance)

..................

96

450

The

Hershey

Co.

(Food

Products)

......

88

2,940

The

Home

Depot,

Inc.

(Specialty

Retail)

.

1,128

1,159

The

Interpublic

Group

of

Cos.,

Inc.

(Media)

38

313

The

J.M.

Smucker

Co.

(Food

Products)

..

39

2,602

The

Kraft

Heinz

Co.

(Food

Products)

....

96

2,080

The

Kroger

Co.

(Consumer

Staples

Distribution

&

Retail)

...........

119

996

The

Mosaic

Co.

(Chemicals)

..........

32

1,151

The

PNC

Financial

Services

Group,

Inc.

(Banks)

.....................

186

7,020

The

Procter

&

Gamble

Co.

(Household

Products)

....................

1,139

1,765

The

Progressive

Corp.

(Insurance)

......

365

705

The

Sherwin-Williams

Co.

(Chemicals)

..

245

3,240

The

Southern

Co.

(Electric

Utilities)

....

232

3,381

The

TJX

Cos.,

Inc.

(Specialty

Retail)

....

343

309

The

Toro

Co.

(Machinery)

............

28

669

The

Travelers

Cos.,

Inc.

(Insurance)

.....

154

5,435

The

Walt

Disney

Co.

(Entertainment)

....

665

3,573

The

Williams

Cos.,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

.............

139

1,143

Thermo

Fisher

Scientific,

Inc.

(Life

Sciences

Tools

&

Services)

..............

664

1,465

T-Mobile

US,

Inc.

(Wireless

Telecommunication

Services)

.....

239

927

Toast,

Inc.,

Class

-

A

(Financial

Services)(a)

23

326

Tractor

Supply

Co.

(Specialty

Retail)

....

85

328

Tradeweb

Markets,

Inc.,

Class

-

A

(Capital

Markets)

....................

34

164

TransDigm

Group,

Inc.

(Aerospace

&

Defense)

....................

202

576

TransUnion

(Professional

Services)

.....

46

756

Trimble,

Inc.

(Electronic

Equipment,

Instruments

&

Components)(a)

....

49

3,828

Truist

Financial

Corp.

(Banks)

.........

149

466

Twilio,

Inc.,

Class

-

A

(IT

Services)(a)

...

28

126

Tyler

Technologies,

Inc.

(Software)(a)

...

54

861

Tyson

Foods,

Inc.,

Class

-

A

(Food

Products)

51

4,519

U.S.

Bancorp

(Banks)

...............

202

5,555

Uber

Technologies,

Inc.

(Ground

Transportation)(a)

.............

428

1,007

UDR,

Inc.

(Residential

REITs)

........

38

303

U-Haul

Holding

Co.

(Ground

Transportation)

...............

20

1,134

UiPath,

Inc.,

Class

-

A

(Software)(a)

....

26

148

Ulta

Beauty,

Inc.

(Specialty

Retail)(a)

...

77

1,816

Union

Pacific

Corp.

(Ground

Transportation)

...............

447

2,155

United

Parcel

Service,

Inc.,

Class

-

B

(Air

Freight

&

Logistics)

............

320

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

United

States

(continued)

203

United

Rentals,

Inc.

(Trading

Companies

&

Distributors)

.................

$

146

135

United

Therapeutics

Corp.

(Biotechnology)

(a)

........................

31

2,754

UnitedHealth

Group,

Inc.

(Health

Care

Providers

&

Services)

...........

1,362

700

Unity

Software,

Inc.

(Software)(a)

......

19

100

Vail

Resorts,

Inc.

(Hotels,

Restaurants

&

Leisure)

....................

22

1,021

Valero

Energy

Corp.

(Oil,

Gas

&

Consumable

Fuels)

.............

174

451

Veeva

Systems,

Inc.,

Class

-

A

(Health

Care

Technology)(a)

...............

104

1,208

Ventas,

Inc.

(Health

Care

REITs)

.......

53

711

Veralto

Corp.

(Commercial

Services

&

Supplies)

....................

63

281

VeriSign,

Inc.

(IT

Services)(a)

.........

53

439

Verisk

Analytics,

Inc.

(Professional

Services)

....................

103

12,503

Verizon

Communications,

Inc.

(Diversified

Telecommunication

Services)

.....

525

760

Vertex

Pharmaceuticals,

Inc.

(Biotechnology)(a)

.............

318

1,136

Vertiv

Holdings

Co.,

Class

-

A

(Electrical

Equipment)

..................

93

3,592

Viatris,

Inc.

(Pharmaceuticals)

.........

43

2,995

VICI

Properties,

Inc.

(Specialized

REITs)

89

4,704

Visa,

Inc.,

Class

-

A

(Financial

Services)

.

1,313

1,037

Vistra

Corp.

(Independent

Power

and

Renewable

Electricity

Producers)

..

72

385

Vulcan

Materials

Co.

(Construction

Materials)

...................

105

639

W.R.

Berkley

Corp.

(Insurance)

........

57

136

W.W.

Grainger,

Inc.

(Trading

Companies

&

Distributors)

.................

138

2,219

Walgreens

Boots

Alliance,

Inc.

(Consumer

Staples

Distribution

&

Retail)

.....

48

13,249

Walmart,

Inc.

(Consumer

Staples

Distribution

&

Retail)

...........

797

6,856

Warner

Bros.

Discovery,

Inc.

(Entertainment)(a)

.............

60

1,208

Waste

Management,

Inc.

(Commercial

Services

&

Supplies)

...........

257

175

Waters

Corp.

(Life

Sciences

Tools

&

Services)(a)

..................

60

96

Watsco,

Inc.

(Trading

Companies

&

Distributors)

.................

41

940

WEC

Energy

Group,

Inc.

(Multi-Utilities)

77

10,851

Wells

Fargo

&

Co.

(Banks)

...........

629

1,596

Welltower,

Inc.

(Health

Care

REITs)

....

149

217

West

Pharmaceutical

Services,

Inc.

(Life

Sciences

Tools

&

Services)

.......

86

954

Western

Digital

Corp.

(Technology

Hardware,

Storage

&

Peripherals)(a)

65

536

Westinghouse

Air

Brake

Technologies

Corp.

(Machinery)

.................

78

121

Westlake

Corp.

(Chemicals)

..........

18

63

HC

CAPITAL

TRUST

The

ESG

Growth

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

United

States

(continued)

703

Westrock

Co.

(Containers

&

Packaging)

..

$

35

2,170

Weyerhaeuser

Co.

(Specialized

REITs)

..

78

182

Williams-Sonoma,

Inc.

(Specialty

Retail)

.

58

600

Workday,

Inc.,

Class

-

A

(Software)(a)

...

164

681

WP

Carey,

Inc.

(Diversified

REITs)

.....

38

328

Wynn

Resorts

Ltd.

(Hotels,

Restaurants

&

Leisure)

....................

34

1,615

Xcel

Energy,

Inc.

(Electric

Utilities)

.....

87

704

Xylem,

Inc.

(Machinery)

.............

91

821

Yum!

Brands,

Inc.

(Hotels,

Restaurants

&

Leisure)

....................

114

151

Zebra

Technologies

Corp.

(Electronic

Equipment,

Instruments

&

Components)(a)

...............

46

414

Zillow

Group,

Inc.,

Class

-

C

(Real

Estate

Management

&

Development)(a)

...

20

613

Zimmer

Biomet

Holdings,

Inc.

(Health

Care

Equipment

&

Supplies)

.........

81

1,401

Zoetis,

Inc.

(Pharmaceuticals)

.........

237

710

Zoom

Video

Communications,

Inc.,

Class

-

A

(Software)(a)

...............

46

259

Zscaler,

Inc.

(Software)(a)

............

50

128,685

Uruguay

—

0.11%

136

MercadoLibre,

Inc.

(Broadline

Retail)(a)

.

206

Total

Common

Stocks

..............

186,910

Warrant

—

0.00%

Canada

—

0.00%

60

Constellation

Software,

Inc.,

3/31/40

(Software)(a)(c)

...............

—

Total

Warrant

...................

—

Investment

Company

—

0.49%

Money

Market

Funds

—

0.49%

932,944

State

Street

Institutional

Treasury

Plus

Money

Market

Fund,

Trust

Class

,

5.20%(d)

....................

933

Total

Investment

Company

..........

933

Total

Investments

(cost

$121,591

)

—

99.66%

.....................

187,843

Other

assets

in

excess

of

liabilities

—

0.34%

......................

647

Net

Assets

-

100.00%

$

188,490

Amounts

designated

as

"—"

are

$0

or

have

been

rounded

to

$0.

(a)

Represents

non-income

producing

security.

(b)

Represents

a

security

purchased

under

Rule

144A

or

Section

4(2)

and

is

exempt

from

registration

under

the

Securities

Act

of

1933,

as

amended,

or

is

otherwise

restricted

to

resale.

Certain

of

these

securities

may

be

resold

in

transactions

exempt

from

registration,

normally

to

qualified

institutional

buyers.

These

securities

have

been

deemed

liquid

by

the

Specialist

Manager.

(c)

Security

was

valued

using

significant

unobservable

inputs

as

of

March

31,

2024.

(d)

Annualized

7-day

yield

as

of

period-end.

ADR—American

Depositary

Receipt

REIT—Real

Estate

Investment

Trust

64

HC

CAPITAL

TRUST

The

ESG

Growth

Portfolio

Portfolio

of

Investments

(concluded)

—

March

31,

2024

(Unaudited)

The

following

table

reflects

the

percentage

of

total

net

assets

of

the

Portfolio

attributable

to

each

Specialist

Manager

as

of

March

31,

2024.

Amounts

designated

as

"—"

indicate

the

Specialist

Manager

did

not

manage

any

holdings

in

that

category. 

The

ESG

Growth

Portfolio

Mellon

Investments

Corporation

Parametric

Portfolio

Associates,

LLC

Total

Common

Stocks

......................................................................................................................................................

99.17

%

—

99.17

%

Warrant

....................................................................................................................................................................

0.00

%

—

0.00

%

Investment

Companies

.............................................................................................................................................

0.01

%

0.48

%

0.49

%

Other

Assets

(Liabilities)

.........................................................................................................................................

0.26

%

0.08

%

0.34

%

Total

Net

Assets

..................................................................................................................................................

99.44

%

0.56

%

100.00

%

The

following

table

reflects

the

open

derivative

positions

held

by

the

Portfolio

as

of

March

31,

2024

.

Futures

Contracts

Purchased

*

Description

Number

of

Contracts

Expiration

Date

Notional

Amount

(000)

Value

and

Unrealized

Appreciation/

(Depreciation)

(000)

E-Mini

S&P

500

Future

.........................

2

6/21/24

$

531

$

3

MSCI

EAFE

Index

Future

.......................

2

6/21/24

236

1

$

767

$

4

Total

Unrealized

Appreciation

.....................

$

4

Total

Unrealized

Depreciation

.....................

—

Total

Net

Unrealized

Appreciation/(Depreciation)

.......

$

4

*

Cash

has

been

pledged

as

collateral

for

futures

contracts

held

by

the

Portfolio.

HC

CAPITAL

TRUST

The

Catholic

SRI

Growth

Portfolio

Portfolio

of

Investments

—

March

31,

2024

(Unaudited)

65

Shares

Security

Description

Value

(000)

Common

Stocks

—

99

.71

%

Australia

—

1

.96

%

109

Ampol

Ltd.

(

Oil,

Gas

&

Consumable

Fuels

)

$

3

1,837

ANZ

Group

Holdings

Ltd.

(

Banks

)

.....

35

917

APA

Group

(

Gas

Utilities

)

...........

5

361

Aristocrat

Leisure

Ltd.

(

Hotels,

Restaurants

&

Leisure

)

...................

10

125

ASX

Ltd.

(

Capital

Markets

)

..........

5

95

Atlassian

Corp.

,

Class

-

A

(

Software

)

(a)

..

19

1,289

Aurizon

Holdings

Ltd.

(

Ground

Transportation

)

...............

3

3,088

BHP

Group

Ltd.

(

Metals

&

Mining

)

.....

89

248

BlueScope

Steel

Ltd.

(

Metals

&

Mining

)

.

4

785

Brambles

Ltd.

(

Commercial

Services

&

Supplies

)

....................

8

233

CAR

Group

Ltd.

(

Interactive

Media

&

Services

)

....................

5

41

Cochlear

Ltd.

(

Health

Care

Equipment

&

Supplies

)

....................

9

780

Coles

Group

Ltd.

(

Consumer

Staples

Distribution

&

Retail

)

...........

9

1,021

Commonwealth

Bank

of

Australia

(

Banks

)

80

306

Computershare

Ltd.

(

Professional

Services

)

5

551

Dexus

(

Office

REITs

)

...............

3

102

EBOS

Group

Ltd.

(

Health

Care

Providers

&

Services

)

....................

2

980

Endeavour

Group

Ltd.

(

Consumer

Staples

Distribution

&

Retail

)

...........

4

1,053

Fortescue

Ltd.

(

Metals

&

Mining

)

......

18

1,047

Goodman

Group

(

Industrial

REITs

)

.....

23

115

IDP

Education

Ltd.

(

Diversified

Consumer

Services

)

....................

1

1,294

Insurance

Australia

Group

Ltd.

(

Insurance

)

5

227

Macquarie

Group

Ltd.

(

Capital

Markets

)

.

30

1,579

Medibank

Pvt.

Ltd.

(

Insurance

)

........

4

96

Mineral

Resources

Ltd.

(

Metals

&

Mining

)

4

2,016

Mirvac

Group

(

Diversified

REITs

)

......

3

1,907

National

Australia

Bank

Ltd.

(

Banks

)

....

43

709

Northern

Star

Resources

Ltd.

(

Metals

&

Mining

)

.....................

7

347

Orica

Ltd.

(

Chemicals

)

..............

4

902

Origin

Energy

Ltd.

(

Electric

Utilities

)

...

5

1,631

Pilbara

Minerals

Ltd.

(

Metals

&

Mining

)

.

4

503

Qantas

Airways

Ltd.

(

Passenger

Airlines

)

(a)

2

889

QBE

Insurance

Group

Ltd.

(

Insurance

)

..

11

29

REA

Group

Ltd.

(

Interactive

Media

&

Services

)

....................

4

114

Reece

Ltd.

(

Trading

Companies

&

Distributors

)

.................

2

223

Rio

Tinto

Ltd.

(

Metals

&

Mining

)

......

18

2,037

Santos

Ltd.

(

Oil,

Gas

&

Consumable

Fuels

)

(b)

....................

10

3,327

Scentre

Group

(

Retail

REITs

)

.........

7

244

SEEK

Ltd.

(

Interactive

Media

&

Services

)

4

61

Seven

Group

Holdings

Ltd.

(

Trading

Companies

&

Distributors

)

.......

2

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Australia

(continued)

239

Sonic

Healthcare

Ltd.

(

Health

Care

Providers

&

Services

)

...........

$

5

2,634

South32

Ltd.

(

Metals

&

Mining

)

.......

5

1,290

Stockland

(

Diversified

REITs

)

.........

4

802

Suncorp

Group

Ltd.

(

Insurance

)

.......

9

2,429

Telstra

Group

Ltd.

(

Diversified

Telecommunication

Services

)

.....

6

399

The

GPT

Group

(

Diversified

REITs

)

....

1

1,446

The

Lottery

Corp.

Ltd.

(

Hotels,

Restaurants

&

Leisure

)

...................

5

1,995

Transurban

Group

(

Transportation

Infrastructure

)

................

17

413

Treasury

Wine

Estates

Ltd.

(

Beverages

)

..

3

2,104

Vicinity

Ltd.

(

Retail

REITs

)

(b)

........

3

176

Washington

H

Soul

Pattinson

&

Co.

Ltd.

(

Financial

Services

)

............

4

693

Wesfarmers

Ltd.

(

Broadline

Retail

)

.....

31

2,138

Westpac

Banking

Corp.

(

Banks

)

.......

36

112

WiseTech

Global

Ltd.

(

Software

)

.......

7

1,166

Woodside

Energy

Group

Ltd.

(

Oil,

Gas

&

Consumable

Fuels

)

.............

23

767

Woolworths

Group

Ltd.

(

Consumer

Staples

Distribution

&

Retail

)

...........

17

685

Austria

—

0

.05

%

222

Erste

Group

Bank

AG

(

Banks

)

(b)

......

9

74

OMV

AG

(

Oil,

Gas

&

Consumable

Fuels

)

4

39

Verbund

AG

(

Electric

Utilities

)

........

3

57

voestalpine

AG

(

Metals

&

Mining

)

.....

2

18

Belgium

—

0

.23

%

91

Ageas

SA/N.V.

(

Insurance

)

...........

4

542

Anheuser-Busch

InBev

SA/N.V.

(

Beverages

)

..................

33

16

D'ieteren

Group

(

Distributors

)

.........

4

17

Elia

Group

SA/N.V.

(

Electric

Utilities

)

(b)

2

51

Groupe

Bruxelles

Lambert

N.V.

(

Financial

Services

)

....................

4

149

KBC

Group

N.V.

(

Banks

)

............

11

9

Sofina

SA

(

Financial

Services

)

........

2

39

Syensqo

SA

(

Chemicals

)

(a)

...........

4

80

UCB

SA

(

Pharmaceuticals

)

...........

10

108

Umicore

SA

(

Chemicals

)

(b)

..........

2

108

Warehouses

De

Pauw

CVA

(

Industrial

REITs

)

.....................

3

79

Bermuda

—

0

.09

%

228

Arch

Capital

Group

Ltd.

(

Insurance

)

(a)

..

21

24

Everest

Group

Ltd.

(

Insurance

)

........

10

31

66

HC

CAPITAL

TRUST

The

Catholic

SRI

Growth

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Canada

—

3

.56

%

328

Agnico

Eagle

Mines

Ltd.

(

Metals

&

Mining

)

$

20

100

Air

Canada

(

Passenger

Airlines

)

(a)

(b)

...

1

469

Alimentation

Couche-Tard,

Inc.

(

Consumer

Staples

Distribution

&

Retail

)

.....

27

144

AltaGas

Ltd.

(

Gas

Utilities

)

...........

3

353

ARC

Resources

Ltd.

(

Oil,

Gas

&

Consumable

Fuels

)

.............

6

444

Bank

of

Montreal

(

Banks

)

............

43

997

Barrick

Gold

Corp.

(

Metals

&

Mining

)

..

17

15

BCE,

Inc.

(

Diversified

Telecommunication

Services

)

....................

1

196

Brookfield

Asset

Management

Ltd.

,

Class

-

A

(

Capital

Markets

)

............

8

817

Brookfield

Corp.

(

Capital

Markets

)

.....

34

22

BRP,

Inc.

(

Leisure

Products

)

..........

1

269

Cameco

Corp.

(

Oil,

Gas

&

Consumable

Fuels

)

......................

12

46

Canadian

Apartment

Properties

REIT

(

Residential

REITs

)

(b)

..........

2

570

Canadian

Imperial

Bank

of

Commerce

(

Banks

)

.....................

29

339

Canadian

National

Railway

Co.

(

Ground

Transportation

)

...............

45

627

Canadian

Natural

Resources

Ltd.

(

Oil,

Gas

&

Consumable

Fuels

)

...........

48

568

Canadian

Pacific

Kansas

City

Ltd.

(

Ground

Transportation

)

...............

49

31

Canadian

Tire

Corp.

Ltd.

,

Class

-

A

(

Broadline

Retail

)

.............

3

110

Canadian

Utilities

Ltd.

,

Class

-

A

(

Multi-

Utilities

)

....................

3

81

CCL

Industries,

Inc.

,

Class

-

B

(

Containers

&

Packaging

)

(b)

..............

4

882

Cenovus

Energy,

Inc.

(

Oil,

Gas

&

Consumable

Fuels

)

.............

18

131

CGI,

Inc.

(

IT

Services

)

(a)

............

14

11

Constellation

Software,

Inc.

(

Software

)

..

30

162

Dollarama,

Inc.

(

Broadline

Retail

)

......

12

204

Element

Fleet

Management

Corp.

(

Commercial

Services

&

Supplies

)

(b)

3

151

Emera,

Inc.

(

Electric

Utilities

)

.........

5

85

Empire

Co.

Ltd.

,

Class

-

A

(

Consumer

Staples

Distribution

&

Retail

)

.....

2

1,305

Enbridge,

Inc.

(

Oil,

Gas

&

Consumable

Fuels

)

......................

47

12

Fairfax

Financial

Holdings

Ltd.

(

Insurance

)

13

516

First

Quantum

Minerals

Ltd.

(

Metals

&

Mining

)

.....................

6

34

FirstService

Corp.

(

Real

Estate

Management

&

Development

)

..............

6

277

Fortis,

Inc.

(

Electric

Utilities

)

.........

11

123

Franco-Nevada

Corp.

(

Metals

&

Mining

)

.

15

44

George

Weston

Ltd.

(

Consumer

Staples

Distribution

&

Retail

)

...........

6

127

GFL

Environmental,

Inc.

(

Commercial

Services

&

Supplies

)

...........

4

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Canada

(continued)

97

Gildan

Activewear,

Inc.

(

Textiles,

Apparel

&

Luxury

Goods

)

...............

$

4

157

Great-West

Lifeco,

Inc.

(

Insurance

)

.....

5

206

Hydro

One

Ltd.

(

Electric

Utilities

)

(b)

....

6

53

iA

Financial

Corp.,

Inc.

(

Insurance

)

.....

3

50

IGM

Financial,

Inc.

(

Capital

Markets

)

...

1

120

Imperial

Oil

Ltd.

(

Oil,

Gas

&

Consumable

Fuels

)

......................

8

111

Intact

Financial

Corp.

(

Insurance

)

(b)

....

18

339

Ivanhoe

Mines

Ltd.

(

Metals

&

Mining

)

(a)

4

121

Keyera

Corp.

(

Oil,

Gas

&

Consumable

Fuels

)

......................

3

776

Kinross

Gold

Corp.

(

Metals

&

Mining

)

..

5

87

Loblaw

Cos.

Ltd.

(

Consumer

Staples

Distribution

&

Retail

)

...........

10

71

Lululemon

Athletica,

Inc.

(

Textiles,

Apparel

&

Luxury

Goods

)

(a)

............

28

340

Lundin

Mining

Corp.

(

Metals

&

Mining

)

(b)

3

180

Magna

International,

Inc.

(

Automobile

Components

)

.................

10

1,113

Manulife

Financial

Corp.

(

Insurance

)

....

28

163

MEG

Energy

Corp.

(

Oil,

Gas

&

Consumable

Fuels

)

(a)

(b)

..................

4

159

Metro,

Inc.

(

Consumer

Staples

Distribution

&

Retail

)

....................

9

212

National

Bank

of

Canada

(

Banks

)

......

18

158

Northland

Power,

Inc.

(

Independent

Power

and

Renewable

Electricity

Producers

)

3

312

Nutrien

Ltd.

(

Chemicals

)

............

17

42

Onex

Corp.

(

Capital

Markets

)

.........

3

151

Open

Text

Corp.

(

Software

)

(b)

........

6

198

Pan

American

Silver

Corp.

(

Metals

&

Mining

)

.....................

3

80

Parkland

Corp.

(

Oil,

Gas

&

Consumable

Fuels

)

(b)

....................

3

333

Pembina

Pipeline

Corp.

(

Oil,

Gas

&

Consumable

Fuels

)

.............

12

328

Power

Corp.

of

Canada

(

Insurance

)

.....

9

78

Quebecor,

Inc.

,

Class

-

B

(

Diversified

Telecommunication

Services

)

.....

2

169

Restaurant

Brands

International,

Inc.

(

Hotels,

Restaurants

&

Leisure

)

....

13

72

RioCan

Real

Estate

Investment

Trust

(

Retail

REITs

)

(b)

...................

1

235

Rogers

Communications,

Inc.

,

Class

-

B

(

Wireless

Telecommunication

Services

)

....................

10

851

Royal

Bank

of

Canada

(

Banks

)

........

85

141

Saputo,

Inc.

(

Food

Products

)

(b)

........

3

735

Shopify,

Inc.

,

Class

-

A

(

IT

Services

)

(a)

..

56

67

Stantec,

Inc.

(

Construction

&

Engineering

)

6

366

Sun

Life

Financial,

Inc.

(

Insurance

)

.....

20

805

Suncor

Energy,

Inc.

(

Oil,

Gas

&

Consumable

Fuels

)

.............

30

632

TC

Energy

Corp.

(

Oil,

Gas

&

Consumable

Fuels

)

......................

25

67

HC

CAPITAL

TRUST

The

Catholic

SRI

Growth

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Canada

(continued)

258

Teck

Resources

Ltd.

,

Class

-

B

(

Metals

&

Mining

)

.....................

$

12

353

TELUS

Corp.

(

Diversified

Telecommunication

Services

)

.....

6

43

TFI

International,

Inc.

(

Ground

Transportation

)

...............

7

747

The

Bank

of

Nova

Scotia

(

Banks

)

......

39

67

The

Descartes

Systems

Group,

Inc.

(

Software

)

(a)

.................

6

1,065

The

Toronto-Dominion

Bank

(

Banks

)

...

63

90

Thomson

Reuters

Corp.

(

Professional

Services

)

....................

14

140

TMX

Group

Ltd.

(

Capital

Markets

)

.....

4

47

Toromont

Industries

Ltd.

(

Trading

Companies

&

Distributors

)

.......

5

177

Tourmaline

Oil

Corp.

(

Oil,

Gas

&

Consumable

Fuels

)

.............

8

159

Waste

Connections,

Inc.

(

Commercial

Services

&

Supplies

)

...........

27

37

West

Fraser

Timber

Co.

Ltd.

(

Paper

&

Forest

Products

)

...............

3

271

Wheaton

Precious

Metals

Corp.

(

Metals

&

Mining

)

.....................

13

73

WSP

Global,

Inc.

(

Construction

&

Engineering

)

.................

12

1,241

Chile

—

0

.02

%

254

Antofagasta

PLC

(

Metals

&

Mining

)

....

7

Denmark

—

0

.31

%

2

A.P.

Moller

-

Maersk

A/S

,

Class

-

A

(

Marine

Transportation

)

...............

3

3

A.P.

Moller

-

Maersk

A/S

,

Class

-

B

(

Marine

Transportation

)

...............

4

65

Carlsberg

A/S

,

Class

-

B

(

Beverages

)

....

9

80

Coloplast

A/S

,

Class

-

B

(

Health

Care

Equipment

&

Supplies

)

.........

11

401

Danske

Bank

A/S

(

Banks

)

............

12

51

Demant

A/S

(

Health

Care

Equipment

&

Supplies

)

(a)

..................

3

102

DSV

A/S

(

Air

Freight

&

Logistics

)

.....

16

232

Novonesis

,

B

shares

(

Chemicals

)

.......

14

114

Orsted

A/S

(

Electric

Utilities

)

(b)

.......

6

50

Pandora

A/S

(

Textiles,

Apparel

&

Luxury

Goods

)

.....................

8

5

ROCKWOOL

A/S

,

Class

-

B

(

Building

Products

)

....................

2

192

Tryg

A/S

(

Insurance

)

(b)

.............

4

625

Vestas

Wind

Systems

A/S

(

Electrical

Equipment

)

(a)

................

16

108

Finland

—

0

.28

%

102

Elisa

Oyj

(

Diversified

Telecommunication

Services

)

....................

5

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Finland

(continued)

234

Fortum

Oyj

(

Electric

Utilities

)

.........

$

3

138

Kesko

Oyj

,

Class

-

B

(

Consumer

Staples

Distribution

&

Retail

)

...........

3

202

Kone

Oyj

,

Class

-

B

(

Machinery

)

.......

9

372

Metso

Oyj

(

Machinery

)

(b)

...........

4

249

Neste

Oyj

(

Oil,

Gas

&

Consumable

Fuels

)

7

3,527

Nokia

Oyj

(

Communications

Equipment

)

.

13

1,951

Nordea

Bank

Abp

(

Banks

)

...........

21

271

Sampo

Oyj

,

A

Shares

(

Insurance

)

......

12

442

Stora

Enso

Oyj

,

Registered

Shares

(

Paper

&

Forest

Products

)

...............

6

314

UPM-Kymmene

Oyj

(

Paper

&

Forest

Products

)

....................

10

235

Wartsila

Oyj

Abp

(

Machinery

)

.........

4

97

France

—

2

.89

%

141

Accor

SA

(

Hotels,

Restaurants

&

Leisure

)

7

16

Aeroports

de

Paris

SA

(

Transportation

Infrastructure

)

................

2

318

Air

Liquide

SA

(

Chemicals

)

..........

66

181

Alstom

SA

(

Machinery

)

.............

3

30

Amundi

SA

(

Capital

Markets

)

.........

2

44

Arkema

SA

(

Chemicals

)

.............

5

1,101

AXA

SA

(

Insurance

)

...............

41

22

BioMerieux

(

Health

Care

Equipment

&

Supplies

)

....................

2

618

BNP

Paribas

SA

(

Banks

)

.............

44

481

Bollore

SE

(

Entertainment

)

...........

3

107

Bouygues

SA

(

Construction

&

Engineering

)

4

163

Bureau

Veritas

SA

(

Professional

Services

)

(b)

..................

5

96

Capgemini

SE

(

IT

Services

)

..........

22

320

Carrefour

SA

(

Consumer

Staples

Distribution

&

Retail

)

(b)

........

5

279

Cie

de

Saint-Gobain

SA

(

Building

Products

)

22

427

Cie

Generale

des

Etablissements

Michelin

SCA

(

Automobile

Components

)

...

16

27

Covivio

SA

(

Office

REITs

)

...........

1

587

Credit

Agricole

SA

(

Banks

)

...........

9

396

Danone

SA

(

Food

Products

)

..........

26

412

Dassault

Systemes

SE

(

Software

)

......

18

161

Edenred

SE

(

Financial

Services

)

.......

9

43

Eiffage

SA

(

Construction

&

Engineering

)

(b)

5

1,139

Engie

SA

(

Multi-Utilities

)

............

19

182

EssilorLuxottica

SA

(

Health

Care

Equipment

&

Supplies

)

.........

41

23

Eurazeo

SE

(

Financial

Services

)

.......

2

23

Gecina

SA

(

Office

REITs

)

(b)

..........

2

218

Getlink

SE

(

Transportation

Infrastructure

)

4

19

Hermes

International

SCA

(

Textiles,

Apparel

&

Luxury

Goods

)

..............

48

22

Ipsen

SA

(

Pharmaceuticals

)

...........

3

68

HC

CAPITAL

TRUST

The

Catholic

SRI

Growth

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

France

(continued)

46

Kering

SA

(

Textiles,

Apparel

&

Luxury

Goods

)

.....................

$

18

138

Klepierre

SA

(

Retail

REITs

)

..........

4

59

La

Francaise

des

Jeux

SAEM

(

Hotels,

Restaurants

&

Leisure

)

..........

2

166

Legrand

SA

(

Electrical

Equipment

)

.....

18

147

L'Oreal

SA

(

Personal

Care

Products

)

....

70

168

LVMH

Moet

Hennessy

Louis

Vuitton

SE

(

Textiles,

Apparel

&

Luxury

Goods

)

150

1,170

Orange

SA

(

Diversified

Telecommunication

Services

)

(b)

..................

14

127

Pernod

Ricard

SA

(

Beverages

)

........

21

136

Publicis

Groupe

SA

(

Media

)

..........

15

17

Remy

Cointreau

SA

(

Beverages

)

.......

2

99

Renault

SA

(

Automobiles

)

...........

5

180

Rexel

SA

(

Trading

Companies

&

Distributors

)

.................

5

330

Schneider

Electric

SE

(

Electrical

Equipment

)

(b)

................

75

16

SEB

SA

(

Household

Durables

)

(b)

......

2

426

Societe

Generale

SA

(

Banks

)

.........

11

54

Sodexo

SA

(

Hotels,

Restaurants

&

Leisure

)

5

35

Teleperformance

SE

(

Professional

Services

)

3

1,327

TotalEnergies

SE

(

Oil,

Gas

&

Consumable

Fuels

)

......................

91

66

Unibail-Rodamco-Westfield

(

Retail

REITs

)

(a)

...................

5

432

Veolia

Environnement

SA

(

Multi-Utilities

)

14

289

Vinci

SA

(

Construction

&

Engineering

)

..

37

387

Vivendi

SE

(

Media

)

................

4

148

Worldline

SA

(

Financial

Services

)

(a)

....

2

1,009

Germany

—

2

.08

%

100

adidas

AG

(

Textiles,

Apparel

&

Luxury

Goods

)

.....................

22

228

Allianz

SE

,

Registered

Shares

(

Insurance

)

68

552

BASF

SE

(

Chemicals

)

..............

32

199

Bayerische

Motoren

Werke

AG

(

Automobiles

)

................

23

34

Bayerische

Motoren

Werke

AG

,

Preference

Shares

(

Automobiles

)

...........

4

45

Bechtle

AG

(

IT

Services

)

............

2

81

Brenntag

SE

(

Trading

Companies

&

Distributors

)

.................

7

23

Carl

Zeiss

Meditec

AG

,

Class

-

BR

(

Health

Care

Equipment

&

Supplies

)

......

3

632

Commerzbank

AG

(

Banks

)

...........

9

78

Continental

AG

(

Automobile

Components

)

6

107

Covestro

AG

(

Chemicals

)

(a)

..........

6

324

Daimler

Truck

Holding

AG

(

Machinery

)

.

16

111

Delivery

Hero

SE

(

Hotels,

Restaurants

&

Leisure

)

(a)

..................

3

1,200

Deutsche

Bank

AG

,

Registered

Shares

(

Capital

Markets

)

..............

19

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Germany

(continued)

116

Deutsche

Boerse

AG

(

Capital

Markets

)

..

$

24

304

Deutsche

Lufthansa

AG

,

Registered

Shares

(

Passenger

Airlines

)

(a)

(b)

........

2

607

Deutsche

Post

AG

(

Air

Freight

&

Logistics

)

26

1,981

Deutsche

Telekom

AG

(

Diversified

Telecommunication

Services

)

(b)

...

48

75

Dr.

Ing.

h.c.

F.

Porsche

AG

,

Preference

Shares

(

Automobiles

)

...........

7

1,377

E.ON

SE

(

Multi-Utilities

)

............

19

105

Evonik

Industries

AG

(

Chemicals

)

......

2

131

Fresenius

Medical

Care

AG

(

Health

Care

Providers

&

Services

)

...........

5

135

GEA

Group

AG

(

Machinery

)

.........

6

40

Hannover

Rueck

SE

(

Insurance

)

.......

11

81

Heidelberg

Materials

AG

(

Construction

Materials

)

...................

9

70

Henkel

AG

&

Co.

KGaA

(

Household

Products

)

....................

5

111

Henkel

AG

&

Co.

KGaA

,

Preference

Shares

(

Household

Products

)

...........

9

795

Infineon

Technologies

AG

(

Semiconductors

&

Semiconductor

Equipment

)

(b)

...

27

41

Knorr-Bremse

AG

(

Machinery

)

........

3

41

LEG

Immobilien

SE

(

Real

Estate

Management

&

Development

)

(a)

...

4

493

Mercedes-Benz

Group

AG

(

Automobiles

)

39

34

MTU

Aero

Engines

AG

(

Aerospace

&

Defense

)

....................

9

83

Muenchener

Rueckversicherungs-

Gesellschaft

AG

in

Muenchen

,

Registered

Shares

(

Insurance

)

.....

40

35

Nemetschek

SE

(

Software

)

...........

3

117

Porsche

Automobil

Holding

SE

,

Preference

Shares

(

Automobiles

)

...........

6

61

Puma

SE

(

Textiles,

Apparel

&

Luxury

Goods

)

(b)

...................

3

3

Rational

AG

(

Machinery

)

............

3

366

RWE

AG

(

Independent

Power

and

Renewable

Electricity

Producers

)

..

12

634

SAP

SE

(

Software

)

.................

123

49

Scout24

SE

(

Interactive

Media

&

Services

)

4

305

Siemens

Energy

AG

(

Electrical

Equipment

)

(a)

(b)

..............

6

81

Symrise

AG

(

Chemicals

)

(b)

..........

10

41

Talanx

AG

(

Insurance

)

..............

3

16

Volkswagen

AG

(

Automobiles

)

........

2

135

Volkswagen

AG

,

Preference

Shares

(

Automobiles

)

................

18

423

Vonovia

SE

(

Real

Estate

Management

&

Development

)

................

13

121

Zalando

SE

(

Specialty

Retail

)

(a)

.......

3

724

Hong

Kong

—

0

.56

%

7,092

AIA

Group

Ltd.

(

Insurance

)

..........

49

2,000

BOC

Hong

Kong

Holdings

Ltd.

(

Banks

)

.

5

69

HC

CAPITAL

TRUST

The

Catholic

SRI

Growth

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Hong

Kong

(continued)

1,500

CK

Asset

Holdings

Ltd.

(

Real

Estate

Management

&

Development

)

.....

$

6

1,500

CK

Hutchison

Holdings

Ltd.

(

Industrial

Conglomerates

)

...............

7

500

CK

Infrastructure

Holdings

Ltd.

(

Electric

Utilities

)

....................

3

1,000

CLP

Holdings

Ltd.

(

Electric

Utilities

)

...

8

1,000

ESR

Group

Ltd.

(

Real

Estate

Management

&

Development

)

..............

1

30

Futu

Holdings

Ltd.

,

ADR

(

Capital

Markets

)

(a)

..................

2

1,000

Galaxy

Entertainment

Group

Ltd.

(

Hotels,

Restaurants

&

Leisure

)

..........

5

1,000

Hang

Lung

Properties

Ltd.

(

Real

Estate

Management

&

Development

)

.....

1

400

Hang

Seng

Bank

Ltd.

(

Banks

)

.........

4

1,000

Henderson

Land

Development

Co.

Ltd.

(

Real

Estate

Management

&

Development

)

................

3

2,000

HKT

Trust

&

HKT

Ltd.

(

Diversified

Telecommunication

Services

)

(b)

...

2

5,985

Hong

Kong

&

China

Gas

Co.

Ltd.

(

Gas

Utilities

)

....................

5

723

Hong

Kong

Exchanges

&

Clearing

Ltd.

(

Capital

Markets

)

..............

21

700

Hongkong

Land

Holdings

Ltd.

(

Real

Estate

Management

&

Development

)

.....

2

100

Jardine

Matheson

Holdings

Ltd.

(

Industrial

Conglomerates

)

...............

4

1,566

Link

REIT

(

Retail

REITs

)

............

7

1,000

MTR

Corp.

Ltd.

(

Ground

Transportation

)

.

3

779

Power

Assets

Holdings

Ltd.

(

Electric

Utilities

)

....................

5

1,733

Prudential

PLC

(

Insurance

)

...........

16

2,129

Sino

Land

Co.

Ltd.

(

Real

Estate

Management

&

Development

)

.....

2

1,000

SITC

International

Holdings

Co.

Ltd.

(

Marine

Transportation

)

.........

2

1,000

Sun

Hung

Kai

Properties

Ltd.

(

Real

Estate

Management

&

Development

)

.....

10

139

Swire

Pacific

Ltd.

,

Class

-

A

(

Real

Estate

Management

&

Development

)

.....

1

600

Swire

Properties

Ltd.

(

Real

Estate

Management

&

Development

)

.....

1

757

Techtronic

Industries

Co.

Ltd.

(

Machinery

)

10

1,000

The

Wharf

Holdings

Ltd.

(

Real

Estate

Management

&

Development

)

.....

3

4,728

WH

Group

Ltd.

(

Food

Products

)

.......

3

1,000

Wharf

Real

Estate

Investment

Co.

Ltd.

(

Real

Estate

Management

&

Development

)

3

194

Ireland

(Republic

of)

—

1

.21

%

374

Accenture

PLC

,

Class

-

A

(

IT

Services

)

..

129

39

AerCap

Holdings

N.V.

(

Trading

Companies

&

Distributors

)

(a)

.............

3

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Ireland

(Republic

of)

(continued)

92

AerCap

Holdings

N.V.

(

Trading

Companies

&

Distributors

)

(a)

.............

$

8

770

AIB

Group

PLC

(

Banks

)

............

4

50

Allegion

PLC

(

Building

Products

)

......

7

162

Aptiv

PLC

(

Automobile

Components

)

(a)

.

13

599

Bank

of

Ireland

Group

PLC

(

Banks

)

....

6

414

CRH

PLC

(

Construction

Materials

)

.....

36

571

Experian

PLC

(

Professional

Services

)

...

25

100

Flutter

Entertainment

PLC

(

Hotels,

Restaurants

&

Leisure

)

(a)

........

20

9

Flutter

Entertainment

PLC

(

Hotels,

Restaurants

&

Leisure

)

(a)

(b)

......

2

259

James

Hardie

Industries

PLC

(

Construction

Materials

)

(a)

.................

10

425

Johnson

Controls

International

PLC

(

Building

Products

)

............

28

101

Kingspan

Group

PLC

(

Building

Products

)

9

814

Medtronic

PLC

(

Health

Care

Equipment

&

Supplies

)

....................

71

163

Smurfit

Kappa

Group

PLC

(

Containers

&

Packaging

)

(b)

................

7

140

Trane

Technologies

PLC

(

Building

Products

)

....................

42

420

Israel

—

0

.18

%

50

Azrieli

Group

Ltd.

(

Real

Estate

Management

&

Development

)

..............

4

818

Bank

Hapoalim

BM

(

Banks

)

..........

8

842

Bank

Leumi

Le-Israel

BM

(

Banks

)

.....

7

56

Check

Point

Software

Technologies

Ltd.

(

Software

)

(a)

.................

8

23

CyberArk

Software

Ltd.

(

Software

)

(a)

...

6

56

Global-e

Online

Ltd.

(

Broadline

Retail

)

(a)

2

362

ICL

Group

Ltd.

(

Chemicals

)

..........

2

—

Isracard

Ltd.

(

Consumer

Finance

)

......

—

727

Israel

Discount

Bank

Ltd.

,

Class

-

A

(

Banks

)

4

97

Mizrahi

Tefahot

Bank

Ltd.

(

Banks

)

.....

4

13

Monday.com

Ltd.

(

Software

)

(a)

........

3

41

Nice

Ltd.

(

Software

)

(a)

..............

10

28

Wix.com

Ltd.

(

IT

Services

)

(a)

.........

4

62

Italy

—

0

.67

%

62

Amplifon

SpA

(

Health

Care

Providers

&

Services

)

....................

2

580

Assicurazioni

Generali

SpA

(

Insurance

)

..

15

617

Banco

BPM

SpA

(

Banks

)

............

4

406

Davide

Campari-Milano

N.V.

,

Class

-

M

(

Beverages

)

(b)

................

4

13

DiaSorin

SpA

(

Health

Care

Equipment

&

Supplies

)

....................

1

4,972

Enel

SpA

(

Electric

Utilities

)

(b)

........

33

1,359

Eni

SpA

(

Oil,

Gas

&

Consumable

Fuels

)

.

21

70

HC

CAPITAL

TRUST

The

Catholic

SRI

Growth

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Italy

(continued)

77

Ferrari

N.V.

(

Automobiles

)

...........

$

34

344

FinecoBank

Banca

Fineco

SpA

(

Banks

)

..

5

208

Infrastrutture

Wireless

Italiane

SpA

(

Diversified

Telecommunication

Services

)

(b)

..................

2

8,395

Intesa

Sanpaolo

SpA

(

Banks

)

(b)

.......

30

318

Mediobanca

Banca

di

Credito

Finanziario

SpA

(

Banks

)

.................

5

123

Moncler

SpA

(

Textiles,

Apparel

&

Luxury

Goods

)

.....................

9

360

Nexi

SpA

(

Financial

Services

)

(a)

.......

2

367

Poste

Italiane

SpA

(

Insurance

)

.........

5

133

Prysmian

SpA

(

Electrical

Equipment

)

...

7

49

Recordati

Industria

Chimica

e

Farmaceutica

SpA

(

Pharmaceuticals

)

..........

3

1,265

Snam

SpA

(

Gas

Utilities

)

............

6

4,827

Telecom

Italia

SpA/Milano

(

Diversified

Telecommunication

Services

)

(a)

...

1

946

Terna

-

Rete

Elettrica

Nazionale

(

Electric

Utilities

)

....................

8

919

UniCredit

SpA

(

Banks

)

..............

35

232

Japan

—

6

.23

%

500

Advantest

Corp.

(

Semiconductors

&

Semiconductor

Equipment

)

(b)

.....

22

400

Aeon

Co.

Ltd.

(

Consumer

Staples

Distribution

&

Retail

)

...........

9

100

AGC,

Inc.

(

Building

Products

)

........

4

100

Aisin

Corp.

(

Automobile

Components

)

..

4

100

ANA

Holdings,

Inc.

(

Passenger

Airlines

)

(b)

2

100

Asahi

Intecc

Co.

Ltd.

(

Health

Care

Equipment

&

Supplies

)

.........

2

800

Asahi

Kasei

Corp.

(

Chemicals

)

........

6

100

Azbil

Corp.

(

Electronic

Equipment,

Instruments

&

Components

)

......

3

400

Bandai

Namco

Holdings,

Inc.

(

Leisure

Products

)

....................

7

333

Bridgestone

Corp.

(

Automobile

Components

)

.................

15

100

Brother

Industries

Ltd.

(

Technology

Hardware,

Storage

&

Peripherals

)

..

2

600

Canon,

Inc.

(

Technology

Hardware,

Storage

&

Peripherals

)

................

18

200

Capcom

Co.

Ltd.

(

Entertainment

)

......

4

500

Central

Japan

Railway

Co.

(

Ground

Transportation

)

...............

12

400

Chubu

Electric

Power

Co.,

Inc.

(

Electric

Utilities

)

....................

5

700

Concordia

Financial

Group

Ltd.

(

Banks

)

.

4

100

Dai

Nippon

Printing

Co.

Ltd.

(

Commercial

Services

&

Supplies

)

...........

3

190

Daifuku

Co.

Ltd.

(

Machinery

)

.........

5

586

Dai-ichi

Life

Holdings,

Inc.

(

Insurance

)

..

15

220

Daikin

Industries

Ltd.

(

Building

Products

)

30

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Japan

(continued)

300

Daiwa

House

Industry

Co.

Ltd.

(

Real

Estate

Management

&

Development

)

.....

$

9

900

Daiwa

Securities

Group,

Inc.

(

Capital

Markets

)

....................

7

1,124

Denso

Corp.

(

Automobile

Components

)

..

21

100

Dentsu

Group,

Inc.

(

Media

)

..........

3

105

Disco

Corp.

(

Semiconductors

&

Semiconductor

Equipment

)

.......

38

600

East

Japan

Railway

Co.

(

Ground

Transportation

)

...............

11

1,700

ENEOS

Holdings,

Inc.

(

Oil,

Gas

&

Consumable

Fuels

)

.............

8

545

FANUC

Corp.

(

Machinery

)

...........

15

100

Fast

Retailing

Co.

Ltd.

(

Specialty

Retail

)

.

31

100

Fuji

Electric

Co.

Ltd.

(

Electrical

Equipment

)

7

600

FUJIFILM

Holdings

Corp.

(

Technology

Hardware,

Storage

&

Peripherals

)

..

13

1,520

Fujitsu

Ltd.

(

IT

Services

)

(b)

..........

24

3

GLP

J-Reit

(

Industrial

REITs

)

(b)

.......

3

100

Hamamatsu

Photonics

KK

(

Electronic

Equipment,

Instruments

&

Components

)

.................

4

100

Hankyu

Hanshin

Holdings,

Inc.

(

Ground

Transportation

)

...............

3

27

Hikari

Tsushin,

Inc.

(

Industrial

Conglomerates

)

...............

5

42

Hirose

Electric

Co.

Ltd.

(

Electronic

Equipment,

Instruments

&

Components

)

.................

4

100

Hitachi

Construction

Machinery

Co.

Ltd.

(

Machinery

)

.................

3

2,800

Honda

Motor

Co.

Ltd.

(

Automobiles

)

...

34

100

Hoshizaki

Corp.

(

Machinery

)

.........

4

200

Hoya

Corp.

(

Health

Care

Equipment

&

Supplies

)

....................

25

200

Hulic

Co.

Ltd.

(

Real

Estate

Management

&

Development

)

(b)

..............

2

100

Ibiden

Co.

Ltd.

(

Electronic

Equipment,

Instruments

&

Components

)

......

4

760

Idemitsu

Kosan

Co.

Ltd.

(

Oil,

Gas

&

Consumable

Fuels

)

(b)

..........

5

100

Iida

Group

Holdings

Co.

Ltd.

(

Household

Durables

)

...................

1

600

Inpex

Corp.

(

Oil,

Gas

&

Consumable

Fuels

)

9

300

Isuzu

Motors

Ltd.

(

Automobiles

)

.......

4

700

ITOCHU

Corp.

(

Trading

Companies

&

Distributors

)

.................

30

48

Japan

Airlines

Co.

Ltd.

(

Passenger

Airlines

)

(b)

..................

1

300

Japan

Exchange

Group,

Inc.

(

Capital

Markets

)

....................

8

4

Japan

Metropolitan

Fund

Invest

(

Retail

REITs

)

.....................

2

800

Japan

Post

Bank

Co.

Ltd.

(

Banks

)

(b)

....

9

1,300

Japan

Post

Holdings

Co.

Ltd.

(

Insurance

)

(b)

13

100

Japan

Post

Insurance

Co.

Ltd.

(

Insurance

)

(b)

2

71

HC

CAPITAL

TRUST

The

Catholic

SRI

Growth

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Japan

(continued)

1

Japan

Real

Estate

Investment

Corp.

(

Office

REITs

)

.....................

$

4

300

JFE

Holdings,

Inc.

(

Metals

&

Mining

)

(b)

.

5

300

Kajima

Corp.

(

Construction

&

Engineering

)

6

227

Kao

Corp.

(

Personal

Care

Products

)

.....

8

300

Kawasaki

Kisen

Kaisha

Ltd.

(

Marine

Transportation

)

...............

4

874

KDDI

Corp.

(

Wireless

Telecommunication

Services

)

....................

26

6

KDX

Realty

Investment

Corp.

(

Diversified

REITs

)

.....................

6

100

Keisei

Electric

Railway

Co.

Ltd.

(

Ground

Transportation

)

...............

4

134

Keyence

Corp.

(

Electronic

Equipment,

Instruments

&

Components

)

......

62

500

Kikkoman

Corp.

(

Food

Products

)

......

6

100

Kintetsu

Group

Holdings

Co.

Ltd.

(

Ground

Transportation

)

...............

3

500

Kirin

Holdings

Co.

Ltd.

(

Beverages

)

....

7

100

Kobe

Bussan

Co.

Ltd.

(

Consumer

Staples

Distribution

&

Retail

)

...........

2

168

Koito

Manufacturing

Co.

Ltd.

(

Automobile

Components

)

.................

2

600

Komatsu

Ltd.

(

Machinery

)

...........

18

100

Konami

Group

Corp.

(

Entertainment

)

...

7

600

Kubota

Corp.

(

Machinery

)

...........

9

800

Kyocera

Corp.

(

Electronic

Equipment,

Instruments

&

Components

)

......

11

200

Kyowa

Kirin

Co.

Ltd.

(

Pharmaceuticals

)

.

4

1,500

LY

Corp.

(

Interactive

Media

&

Services

)

.

4

300

M3,

Inc.

(

Health

Care

Technology

)

.....

4

100

Makita

Corp.

(

Machinery

)

...........

3

900

Marubeni

Corp.

(

Trading

Companies

&

Distributors

)

.................

16

200

MatsukiyoCocokara

&

Co.

(

Consumer

Staples

Distribution

&

Retail

)

.....

3

300

Mazda

Motor

Corp.

(

Automobiles

)

.....

3

200

MINEBEA

MITSUMI,

Inc.

(

Machinery

)

.

4

200

MISUMI

Group,

Inc.

(

Machinery

)

......

3

2,100

Mitsubishi

Corp.

(

Trading

Companies

&

Distributors

)

.................

48

1,200

Mitsubishi

Electric

Corp.

(

Electrical

Equipment

)

..................

20

600

Mitsubishi

Estate

Co.

Ltd.

(

Real

Estate

Management

&

Development

)

.....

11

500

Mitsubishi

HC

Capital,

Inc.

(

Financial

Services

)

....................

3

2,000

Mitsubishi

Heavy

Industries

Ltd.

(

Machinery

)

.................

18

6,679

Mitsubishi

UFJ

Financial

Group,

Inc.

(

Banks

)

.....................

68

800

Mitsui

&

Co.

Ltd.

(

Trading

Companies

&

Distributors

)

.................

37

100

Mitsui

Chemicals,

Inc.

(

Chemicals

)

.....

3

1,800

Mitsui

Fudosan

Co.

Ltd.

(

Real

Estate

Management

&

Development

)

.....

19

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Japan

(continued)

200

Mitsui

O.S.K.

Lines

Ltd.

(

Marine

Transportation

)

...............

$

6

1,410

Mizuho

Financial

Group,

Inc.

(

Banks

)

...

28

200

MonotaRO

Co.

Ltd.

(

Trading

Companies

&

Distributors

)

.................

2

690

MS&AD

Insurance

Group

Holdings,

Inc.

(

Insurance

)

..................

12

1,011

Murata

Manufacturing

Co.

Ltd.

(

Electronic

Equipment,

Instruments

&

Components

)

.................

19

130

NEC

Corp.

(

IT

Services

)

.............

9

200

Nexon

Co.

Ltd.

(

Entertainment

)

.......

3

300

NIDEC

Corp.

(

Electrical

Equipment

)

....

12

650

Nintendo

Co.

Ltd.

(

Entertainment

)

......

35

1

Nippon

Building

Fund,

Inc.

(

Office

REITs

)

4

600

Nippon

Paint

Holdings

Co.

Ltd.

(

Chemicals

)

(b)

................

4

1

Nippon

Prologis

REIT,

Inc.

(

Industrial

REITs

)

(b)

...................

2

100

Nippon

Sanso

Holdings

Corp.

(

Chemicals

)

3

500

Nippon

Steel

Corp.

(

Metals

&

Mining

)

(b)

12

17,950

Nippon

Telegraph

&

Telephone

Corp.

(

Diversified

Telecommunication

Services

)

....................

21

300

Nippon

Yusen

KK

(

Marine

Transportation

)

8

1,300

Nissan

Motor

Co.

Ltd.

(

Automobiles

)

...

5

200

Nissin

Foods

Holdings

Co.

Ltd.

(

Food

Products

)

(b)

.................

6

100

Nitto

Denko

Corp.

(

Chemicals

)

........

9

2,000

Nomura

Holdings,

Inc.

(

Capital

Markets

)

.

13

100

Nomura

Real

Estate

Holdings,

Inc.

(

Real

Estate

Management

&

Development

)

3

3

Nomura

Real

Estate

Master

Fund,

Inc.

(

Diversified

REITs

)

............

3

235

Nomura

Research

Institute

Ltd.

(

IT

Services

)

....................

7

400

NTT

Data

Group

Corp.

(

IT

Services

)

....

6

400

Obayashi

Corp.

(

Construction

&

Engineering

)

.................

5

200

Odakyu

Electric

Railway

Co.

Ltd.

(

Ground

Transportation

)

...............

3

700

Olympus

Corp.

(

Health

Care

Equipment

&

Supplies

)

....................

10

147

Omron

Corp.

(

Electronic

Equipment,

Instruments

&

Components

)

......

5

49

Oracle

Corp.

Japan

(

Software

)

.........

4

700

Oriental

Land

Co.

Ltd.

(

Hotels,

Restaurants

&

Leisure

)

...................

22

700

ORIX

Corp.

(

Financial

Services

)

.......

15

200

Osaka

Gas

Co.

Ltd.

(

Gas

Utilities

)

......

4

268

Otsuka

Corp.

(

IT

Services

)

...........

6

268

Pan

Pacific

International

Holdings

Corp.

(

Broadline

Retail

)

.............

7

1,300

Panasonic

Holdings

Corp.

(

Household

Durables

)

...................

12

1,000

Rakuten

Group,

Inc.

(

Broadline

Retail

)

(b)

6

72

HC

CAPITAL

TRUST

The

Catholic

SRI

Growth

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Japan

(continued)

900

Recruit

Holdings

Co.

Ltd.

(

Professional

Services

)

....................

$

39

900

Renesas

Electronics

Corp.

(

Semiconductors

&

Semiconductor

Equipment

)

(a)

(b)

.

16

1,300

Resona

Holdings,

Inc.

(

Banks

)

........

8

400

Ricoh

Co.

Ltd.

(

Technology

Hardware,

Storage

&

Peripherals

)

..........

4

184

Rohm

Co.

Ltd.

(

Semiconductors

&

Semiconductor

Equipment

)

.......

3

200

SBI

Holdings,

Inc.

(

Capital

Markets

)

....

5

100

SCSK

Corp.

(

IT

Services

)

............

2

100

Secom

Co.

Ltd.

(

Commercial

Services

&

Supplies

)

....................

7

200

Seiko

Epson

Corp.

(

Technology

Hardware,

Storage

&

Peripherals

)

..........

3

200

Sekisui

Chemical

Co.

Ltd.

(

Household

Durables

)

...................

3

400

Sekisui

House

Ltd.

(

Household

Durables

)

9

1,401

Seven

&

i

Holdings

Co.

Ltd.

(

Consumer

Staples

Distribution

&

Retail

)

.....

20

200

SG

Holdings

Co.

Ltd.

(

Air

Freight

&

Logistics

)

...................

3

300

Sharp

Corp.

(

Household

Durables

)

(a)

(b)

.

2

300

Shimizu

Corp.

(

Construction

&

Engineering

)

.................

2

1,100

Shin-Etsu

Chemical

Co.

Ltd.

(

Chemicals

)

48

300

Shizuoka

Financial

Group,

Inc.

(

Banks

)

..

3

1,700

SoftBank

Corp.

(

Wireless

Telecommunication

Services

)

.....

22

618

SoftBank

Group

Corp.

(

Wireless

Telecommunication

Services

)

.....

37

600

Sompo

Holdings,

Inc.

(

Insurance

)

......

13

800

Sony

Group

Corp.

(

Household

Durables

)

.

69

100

Square

Enix

Holdings

Co.

Ltd.

(

Entertainment

)

...............

4

400

Subaru

Corp.

(

Automobiles

)

..........

9

200

SUMCO

Corp.

(

Semiconductors

&

Semiconductor

Equipment

)

(b)

.....

3

600

Sumitomo

Corp.

(

Trading

Companies

&

Distributors

)

.................

14

400

Sumitomo

Electric

Industries

Ltd.

(

Automobile

Components

)

.......

6

200

Sumitomo

Metal

Mining

Co.

Ltd.

(

Metals

&

Mining

)

.....................

6

800

Sumitomo

Mitsui

Financial

Group,

Inc.

(

Banks

)

.....................

47

446

Sumitomo

Mitsui

Trust

Holdings,

Inc.

(

Banks

)

.....................

10

200

Sumitomo

Realty

&

Development

Co.

Ltd.

(

Real

Estate

Management

&

Development

)

................

7

100

Suntory

Beverage

&

Food

Ltd.

(

Beverages

)

3

800

Suzuki

Motor

Corp.

(

Automobiles

)

.....

9

300

T&D

Holdings,

Inc.

(

Insurance

)

.......

5

100

Taisei

Corp.

(

Construction

&

Engineering

)

4

200

TDK

Corp.

(

Electronic

Equipment,

Instruments

&

Components

)

......

10

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Japan

(continued)

800

Terumo

Corp.

(

Health

Care

Equipment

&

Supplies

)

....................

$

15

400

The

Chiba

Bank

Ltd.

(

Banks

)

.........

3

400

The

Kansai

Electric

Power

Co.,

Inc.

(

Electric

Utilities

)

.............

6

100

TIS,

Inc.

(

IT

Services

)

..............

2

145

Tobu

Railway

Co.

Ltd.

(

Ground

Transportation

)

...............

4

45

Toho

Co.

Ltd.

(

Entertainment

)

.........

1

1,093

Tokio

Marine

Holdings,

Inc.

(

Insurance

)

.

34

900

Tokyo

Electric

Power

Co.

Holdings,

Inc.

(

Electric

Utilities

)

(a)

...........

5

300

Tokyo

Electron

Ltd.

(

Semiconductors

&

Semiconductor

Equipment

)

.......

79

200

Tokyo

Gas

Co.

Ltd.

(

Gas

Utilities

)

......

5

300

Tokyu

Corp.

(

Ground

Transportation

)

...

4

200

TOPPAN

Holdings,

Inc.

(

Commercial

Services

&

Supplies

)

...........

5

800

Toray

Industries,

Inc.

(

Chemicals

)

......

4

100

TOTO

Ltd.

(

Building

Products

)

........

3

100

Toyota

Industries

Corp.

(

Machinery

)

....

10

6,550

Toyota

Motor

Corp.

(

Automobiles

)

.....

166

100

Toyota

Tsusho

Corp.

(

Trading

Companies

&

Distributors

)

.................

7

100

Trend

Micro,

Inc.

(

Software

)

..........

5

200

Unicharm

Corp.

(

Household

Products

)

...

6

200

USS

Co.

Ltd.

(

Specialty

Retail

)

........

2

200

Yakult

Honsha

Co.

Ltd.

(

Food

Products

)

.

4

100

Yamaha

Corp.

(

Leisure

Products

)

......

2

600

Yamaha

Motor

Co.

Ltd.

(

Automobiles

)

..

6

200

Yamato

Holdings

Co.

Ltd.

(

Air

Freight

&

Logistics

)

...................

3

100

Yaskawa

Electric

Corp.

(

Machinery

)

....

4

100

Yokogawa

Electric

Corp.

(

Electronic

Equipment,

Instruments

&

Components

)

.................

2

100

Zensho

Holdings

Co.

Ltd.

(

Hotels,

Restaurants

&

Leisure

)

..........

4

100

ZOZO,

Inc.

(

Specialty

Retail

)

(b)

.......

2

2,174

Luxembourg

—

0

.04

%

363

ArcelorMittal

SA

(

Metals

&

Mining

)

....

10

259

Tenaris

SA

(

Energy

Equipment

&

Services

)

5

15

Macau

—

0

.01

%

1,200

Sands

China

Ltd.

(

Hotels,

Restaurants

&

Leisure

)

(a)

..................

3

Netherlands

—

1

.66

%

224

ABN

AMRO

Bank

N.V.

(

Banks

)

.......

4

13

Adyen

N.V.

(

Financial

Services

)

(a)

(b)

...

22

807

Aegon

Ltd.

(

Insurance

)

..............

5

73

HC

CAPITAL

TRUST

The

Catholic

SRI

Growth

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Netherlands

(continued)

113

Akzo

Nobel

N.V.

(

Chemicals

)

.........

$

8

35

Argenx

SE

(

Biotechnology

)

(a)

........

14

28

ASM

International

N.V.

(

Semiconductors

&

Semiconductor

Equipment

)

.......

17

243

ASML

Holding

N.V.

(

Semiconductors

&

Semiconductor

Equipment

)

(b)

.....

235

102

ASR

Nederland

N.V.

(

Insurance

)

.......

5

47

BE

Semiconductor

Industries

N.V.

(

Semiconductors

&

Semiconductor

Equipment

)

..................

7

44

Euronext

N.V.

(

Capital

Markets

)

.......

4

62

EXOR

N.V.

(

Financial

Services

)

.......

7

91

Heineken

Holding

N.V.

(

Beverages

)

....

7

179

Heineken

N.V.

(

Beverages

)

...........

17

31

IMCD

N.V.

(

Trading

Companies

&

Distributors

)

(b)

...............

5

2,082

ING

Groep

N.V.

(

Banks

)

.............

35

59

JDE

Peet's

N.V.

(

Food

Products

)

(b)

.....

1

589

Koninklijke

Ahold

Delhaize

N.V.

(

Consumer

Staples

Distribution

&

Retail

)

.....

18

1,770

Koninklijke

KPN

N.V.

(

Diversified

Telecommunication

Services

)

.....

7

458

Koninklijke

Philips

N.V.

(

Health

Care

Equipment

&

Supplies

)

(a)

.......

9

152

NN

Group

N.V.

(

Insurance

)

...........

7

155

NXP

Semiconductors

N.V.

(

Semiconductors

&

Semiconductor

Equipment

)

.....

39

51

OCI

N.V.

(

Chemicals

)

(b)

............

1

898

Prosus

N.V.

(

Broadline

Retail

)

(b)

......

28

66

Randstad

N.V.

(

Professional

Services

)

...

3

1,348

Stellantis

N.V.

(

Automobiles

)

.........

39

479

Universal

Music

Group

N.V.

(

Entertainment

)

...............

14

149

Wolters

Kluwer

N.V.

(

Professional

Services

)

23

581

New

Zealand

—

0

.07

%

657

Auckland

International

Airport

Ltd.

(

Transportation

Infrastructure

)

.....

3

304

Fisher

&

Paykel

Healthcare

Corp.

Ltd.

(

Health

Care

Equipment

&

Supplies

)

5

634

Mercury

NZ

Ltd.

(

Electric

Utilities

)

.....

3

828

Meridian

Energy

Ltd.

(

Independent

Power

and

Renewable

Electricity

Producers

)

3

1,066

Spark

New

Zealand

Ltd.

(

Diversified

Telecommunication

Services

)

.....

3

93

Xero

Ltd.

(

Software

)

(a)

.............

8

25

Norway

—

0

.17

%

161

Adevinta

ASA

(

Interactive

Media

&

Services

)

(a)

..................

2

225

Aker

BP

ASA

(

Oil,

Gas

&

Consumable

Fuels

)

......................

6

592

DNB

Bank

ASA

(

Banks

)

............

12

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Norway

(continued)

563

Equinor

ASA

(

Oil,

Gas

&

Consumable

Fuels

)

......................

$

14

121

Gjensidige

Forsikring

ASA

(

Insurance

)

..

2

274

Mowi

ASA

(

Food

Products

)

(b)

........

5

977

Norsk

Hydro

ASA

(

Metals

&

Mining

)

...

5

382

Orkla

ASA

(

Food

Products

)

..........

3

47

Salmar

ASA

(

Food

Products

)

.........

3

373

Telenor

ASA

(

Diversified

Telecommunication

Services

)

.....

4

93

Yara

International

ASA

(

Chemicals

)

....

3

59

Portugal

—

0

.04

%

1,828

EDP

-

Energias

de

Portugal

SA

(

Electric

Utilities

)

....................

7

282

Galp

Energia

SGPS

SA

(

Oil,

Gas

&

Consumable

Fuels

)

(b)

..........

5

157

Jeronimo

Martins

SGPS

SA

(

Consumer

Staples

Distribution

&

Retail

)

(b)

...

3

15

Singapore

—

0

.38

%

2,350

CapitaLand

Ascendas

REIT

(

Industrial

REITs

)

.....................

5

2,740

CapitaLand

Integrated

Commercial

Trust

(

Retail

REITs

)

................

4

1,500

CapitaLand

Investment

Ltd.

(

Real

Estate

Management

&

Development

)

.....

3

400

City

Developments

Ltd.

(

Real

Estate

Management

&

Development

)

.....

2

1,124

DBS

Group

Holdings

Ltd.

(

Banks

)

.....

31

3,300

Genting

Singapore

Ltd.

(

Hotels,

Restaurants

&

Leisure

)

...................

2

1,260

Grab

Holdings

Ltd.

(

Ground

Transportation

)

(a)

.............

4

100

Jardine

Cycle

&

Carriage

Ltd.

(

Industrial

Conglomerates

)

...............

2

800

Keppel

Ltd.

(

Industrial

Conglomerates

)

..

4

1,659

Mapletree

Logistics

Trust

(

Industrial

REITs

)

2

1,200

Mapletree

Pan

Asia

Commercial

Trust

(

Retail

REITs

)

................

1

2,035

Oversea-Chinese

Banking

Corp.

Ltd.

(

Banks

)

.....................

20

212

Sea

Ltd.

,

ADR

(

Entertainment

)

(a)

......

11

26,285

Seatrium

Ltd.

(

Machinery

)

(a)

.........

2

500

Sembcorp

Industries

Ltd.

(

Multi-Utilities

)

2

900

Singapore

Airlines

Ltd.

(

Passenger

Airlines

)

(b)

..................

4

500

Singapore

Exchange

Ltd.

(

Capital

Markets

)

3

5,100

Singapore

Telecommunications

Ltd.

(

Diversified

Telecommunication

Services

)

....................

10

800

United

Overseas

Bank

Ltd.

(

Banks

)

.....

17

74

HC

CAPITAL

TRUST

The

Catholic

SRI

Growth

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Singapore

(continued)

900

Wilmar

International

Ltd.

(

Food

Products

)

$

2

131

Spain

—

0

.78

%

22

Acciona

SA

(

Electric

Utilities

)

........

3

116

ACS

Actividades

de

Construccion

y

Servicios

SA

(

Construction

&

Engineering

)

.................

5

46

Aena

SME

SA

(

Transportation

Infrastructure

)

................

9

255

Amadeus

IT

Group

SA

(

Hotels,

Restaurants

&

Leisure

)

...................

16

3,464

Banco

Bilbao

Vizcaya

Argentaria

SA

(

Banks

)

.....................

41

9,941

Banco

Santander

SA

(

Banks

)

(b)

.......

49

2,355

CaixaBank

SA

(

Banks

)

..............

11

260

Cellnex

Telecom

SA

(

Diversified

Telecommunication

Services

)

(b)

...

9

152

EDP

Renovaveis

SA

(

Independent

Power

and

Renewable

Electricity

Producers

)

2

121

Enagas

SA

(

Gas

Utilities

)

(b)

..........

2

189

Endesa

SA

(

Electric

Utilities

)

.........

3

309

Ferrovial

SE

(

Construction

&

Engineering

)

12

3,743

Iberdrola

SA

(

Electric

Utilities

)

........

47

684

Industria

de

Diseno

Textil

SA

(

Specialty

Retail

)

......................

34

223

Redeia

Corp.

SA

(

Electric

Utilities

)

.....

4

652

Repsol

SA

(

Oil,

Gas

&

Consumable

Fuels

)

11

3,145

Telefonica

SA

(

Diversified

Telecommunication

Services

)

.....

14

272

Sweden

—

0

.88

%

196

Alfa

Laval

AB

(

Machinery

)

..........

8

604

Assa

Abloy

AB

,

Class

-

B

(

Building

Products

)

....................

17

1,673

Atlas

Copco

AB

,

Class

-

A

(

Machinery

)

..

29

914

Atlas

Copco

AB

,

Class

-

B

(

Machinery

)

..

14

225

Beijer

Ref

AB

(

Trading

Companies

&

Distributors

)

^

................

3

165

Boliden

AB

(

Metals

&

Mining

)

........

5

348

Epiroc

AB

,

Class

-

A

(

Machinery

)

......

7

289

Epiroc

AB

,

Class

-

B

(

Machinery

)

......

5

195

EQT

AB

(

Capital

Markets

)

...........

6

365

Essity

AB

,

Class

-

B

(

Household

Products

)

^

9

115

Evolution

AB

(

Hotels,

Restaurants

&

Leisure

)

....................

14

306

Fastighets

AB

Balder

,

B

shares

(

Real

Estate

Management

&

Development

)

(a)

...

2

120

Getinge

AB

,

B

shares

(

Health

Care

Equipment

&

Supplies

)

.........

2

377

H

&

M

Hennes

&

Mauritz

AB

,

Class

-

B

(

Specialty

Retail

)

..............

6

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Sweden

(continued)

1,266

Hexagon

AB

,

Class

-

B

(

Electronic

Equipment,

Instruments

&

Components

)

.................

$

15

77

Holmen

AB

,

B

shares

(

Paper

&

Forest

Products

)

....................

3

214

Husqvarna

AB

,

B

shares

(

Machinery

)

...

2

144

Industrivarden

AB

,

Class

-

A

(

Financial

Services

)

(b)

..................

5

59

Industrivarden

AB

,

Class

-

C

(

Financial

Services

)

....................

2

155

Indutrade

AB

(

Machinery

)

...........

4

81

Investment

AB

Latour

,

Class

-

B

(

Industrial

Conglomerates

)

...............

2

1,064

Investor

AB

,

Class

-

B

(

Financial

Services

)

28

50

L

E

Lundbergforetagen

AB

,

Class

-

B

(

Financial

Services

)

............

3

127

Lifco

AB

,

Class

-

B

(

Industrial

Conglomerates

)

...............

3

848

Nibe

Industrier

AB

,

Class

-

B

(

Building

Products

)

....................

4

151

Sagax

AB

,

Class

-

B

(

Real

Estate

Management

&

Development

)

.....

4

692

Sandvik

AB

(

Machinery

)

............

15

280

Securitas

AB

,

Class

-

B

(

Commercial

Services

&

Supplies

)

...........

3

913

Skandinaviska

Enskilda

Banken

AB

,

Class

-

A

(

Banks

)

...................

12

234

Skanska

AB

,

Class

-

B

(

Construction

&

Engineering

)

.................

4

191

SKF

AB

,

B

shares

(

Machinery

)

........

4

432

Svenska

Cellulosa

AB

SCA

,

Class

-

B

(

Paper

&

Forest

Products

)

^

.......

7

873

Svenska

Handelsbanken

AB

,

Class

-

A

(

Banks

)

^

....................

9

476

Swedbank

AB

,

Class

-

A

(

Banks

)

.......

9

264

Tele2

AB

,

B

shares

(

Wireless

Telecommunication

Services

)

.....

2

1,729

Telefonaktiebolaget

LM

Ericsson

,

Class

-

B

(

Communications

Equipment

)

.....

9

1,249

Telia

Co.

AB

(

Diversified

Telecommunication

Services

)

(b)

...

3

207

Volvo

AB

,

Class

-

A

(

Machinery

)

.......

6

855

Volvo

AB

,

Class

-

B

(

Machinery

)

......

23

325

Volvo

Car

AB

,

Class

-

B

(

Automobiles

)

(a)

(b)

............

1

309

Switzerland

—

2

.38

%

975

ABB

Ltd.

,

Registered

Shares

(

Electrical

Equipment

)

..................

45

82

Adecco

Group

AG

(

Professional

Services

)

(b)

..................

3

312

Alcon,

Inc.

(

Health

Care

Equipment

&

Supplies

)

....................

26

66

Avolta

AG

,

Registered

Shares

(

Specialty

Retail

)

(a)

(b)

.................

3

75

HC

CAPITAL

TRUST

The

Catholic

SRI

Growth

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Switzerland

(continued)

24

Baloise

Holding

AG

,

Registered

Shares

(

Insurance

)

..................

$

4

16

Banque

Cantonale

Vaudoise

,

Registered

Shares

(

Banks

)

................

2

2

Barry

Callebaut

AG

,

Registered

Shares

(

Food

Products

)

(b)

.............

3

14

BKW

AG

(

Electric

Utilities

)

..........

2

1

Chocoladefabriken

Lindt

&

Spruengli

AG

,

Class

-

PC

(

Food

Products

)

.......

12

250

Chubb

Ltd.

(

Insurance

)

..............

64

321

Cie

Financiere

Richemont

SA

,

Registered

Shares

(

Textiles,

Apparel

&

Luxury

Goods

)

.....................

48

100

Clariant

AG

,

Registered

Shares

(

Chemicals

)

1

114

Coca-Cola

HBC

AG

(

Beverages

)

.......

4

115

DSM-Firmenich

AG

(

Chemicals

)

......

13

5

EMS-Chemie

Holding

AG

(

Chemicals

)

..

4

86

Garmin

Ltd.

(

Household

Durables

)

.....

13

20

Geberit

AG

,

Registered

Shares

(

Building

Products

)

....................

12

5

Givaudan

SA

,

Registered

Shares

(

Chemicals

)

..................

22

6,006

Glencore

PLC

(

Metals

&

Mining

)

(b)

....

33

23

Helvetia

Holding

AG

,

Registered

Shares

(

Insurance

)

..................

3

319

Holcim

AG

(

Construction

Materials

)

(b)

..

29

119

Julius

Baer

Group

Ltd.

(

Capital

Markets

)

.

7

32

Kuehne

+

Nagel

International

AG

,

Registered

Shares

(

Marine

Transportation

)

...............

9

96

Logitech

International

SA

,

Registered

Shares

(

Technology

Hardware,

Storage

&

Peripherals

)

................

9

1,626

Nestle

SA

,

Registered

Shares

(

Food

Products

)

....................

172

14

Partners

Group

Holding

AG

(

Capital

Markets

)

....................

20

18

Schindler

Holding

AG

,

Class

-

PC

(

Machinery

)

.................

5

19

Schindler

Holding

AG

,

Registered

Shares

(

Machinery

)

.................

5

88

SGS

SA

,

Registered

Shares

(

Professional

Services

)

(b)

..................

9

197

SIG

Group

AG

(

Containers

&

Packaging

)

(b)

4

94

Sika

AG

,

Registered

Shares

(

Chemicals

)

(b)

28

33

Sonova

Holding

AG

(

Health

Care

Equipment

&

Supplies

)

(b)

.......

10

404

STMicroelectronics

N.V.

(

Semiconductors

&

Semiconductor

Equipment

)

.....

17

67

Straumann

Holding

AG

,

Registered

Shares

(

Health

Care

Equipment

&

Supplies

)

11

18

Swiss

Life

Holding

AG

(

Insurance

)

.....

13

51

Swiss

Prime

Site

AG

,

Registered

Shares

(

Real

Estate

Management

&

Development

)

................

5

188

Swiss

Re

AG

(

Insurance

)

............

24

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Switzerland

(continued)

17

Swisscom

AG

,

Registered

Shares

(

Diversified

Telecommunication

Services

)

....................

$

10

35

Temenos

AG

,

Registered

Shares

(

Software

)

3

39

The

Swatch

Group

AG

(

Textiles,

Apparel

&

Luxury

Goods

)

...............

2

15

The

Swatch

Group

AG

,

Class

-

BR

(

Textiles,

Apparel

&

Luxury

Goods

)

.......

3

2,005

UBS

Group

AG

(

Capital

Markets

)

......

61

17

VAT

Group

AG

(

Machinery

)

..........

9

89

Zurich

Insurance

Group

AG

(

Insurance

)

..

48

830

United

Arab

Emirates

—

0

.00

%

118

NMC

Health

PLC

(

Health

Care

Providers

&

Services

)

(a)

(c)

................

—

United

Kingdom

—

3

.15

%

575

3i

Group

PLC

(

Capital

Markets

)

.......

20

1,208

abrdn

PLC

(

Capital

Markets

)

.........

2

145

Admiral

Group

PLC

(

Insurance

)

.......

5

390

Amcor

PLC

(

Containers

&

Packaging

)

...

4

590

Amcor

PLC

(

Containers

&

Packaging

)

...

6

791

Anglo

American

PLC

(

Metals

&

Mining

)

.

19

254

Ashtead

Group

PLC

(

Trading

Companies

&

Distributors

)

.................

18

190

Associated

British

Foods

PLC

(

Food

Products

)

....................

6

624

Auto

Trader

Group

PLC

(

Interactive

Media

&

Services

)

(b)

................

6

1,816

Aviva

PLC

(

Insurance

)

..............

11

8,715

Barclays

PLC

(

Banks

)

(b)

............

20

714

Barratt

Developments

PLC

(

Household

Durables

)

(b)

.................

4

82

Berkeley

Group

Holdings

PLC

(

Household

Durables

)

...................

5

10,432

BP

PLC

(

Oil,

Gas

&

Consumable

Fuels

)

.

65

3,512

BT

Group

PLC

(

Diversified

Telecommunication

Services

)

.....

5

188

Bunzl

PLC

(

Trading

Companies

&

Distributors

)

.................

7

214

Burberry

Group

PLC

(

Textiles,

Apparel

&

Luxury

Goods

)

(b)

.............

3

3,224

Centrica

PLC

(

Multi-Utilities

)

(b)

.......

5

563

CNH

Industrial

N.V.

(

Machinery

)

(a)

....

7

128

Coca-Cola

Europacific

Partners

PLC

(

Beverages

)

..................

9

1,062

Compass

Group

PLC

(

Hotels,

Restaurants

&

Leisure

)

....................

31

86

Croda

International

PLC

(

Chemicals

)

(b)

.

5

1,373

Diageo

PLC

(

Beverages

)

............

51

96

Endeavour

Mining

PLC

(

Metals

&

Mining

)

2

367

Entain

PLC

(

Hotels,

Restaurants

&

Leisure

)

(b)

..................

4

76

HC

CAPITAL

TRUST

The

Catholic

SRI

Growth

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

United

Kingdom

(continued)

119

Ferguson

PLC

(

Trading

Companies

&

Distributors

)

.................

$

26

4,002

Haleon

PLC

(

Personal

Care

Products

)

...

17

214

Halma

PLC

(

Electronic

Equipment,

Instruments

&

Components

)

......

6

176

Hargreaves

Lansdown

PLC

(

Capital

Markets

)

....................

2

11,548

HSBC

Holdings

PLC

(

Banks

)

.........

90

810

Informa

PLC

(

Media

)

...............

8

96

InterContinental

Hotels

Group

PLC

(

Hotels,

Restaurants

&

Leisure

)

..........

10

103

Intertek

Group

PLC

(

Professional

Services

)

6

842

J

Sainsbury

PLC

(

Consumer

Staples

Distribution

&

Retail

)

...........

3

1,475

JD

Sports

Fashion

PLC

(

Specialty

Retail

)

3

1,028

Kingfisher

PLC

(

Specialty

Retail

)

......

3

371

Land

Securities

Group

PLC

(

Diversified

REITs

)

.....................

3

3,513

Legal

&

General

Group

PLC

(

Insurance

)

.

11

148

Liberty

Global

Ltd.

,

Class

-

C

(

Diversified

Telecommunication

Services

)

(a)

...

3

39,516

Lloyds

Banking

Group

PLC

(

Banks

)

....

26

255

London

Stock

Exchange

Group

PLC

(

Capital

Markets

)

(b)

............

31

1,248

M&G

PLC

(

Financial

Services

)

........

3

242

Mondi

PLC

(

Paper

&

Forest

Products

)

...

4

2,264

National

Grid

PLC

(

Multi-Utilities

)

.....

30

3,158

NatWest

Group

PLC

(

Banks

)

(b)

.......

11

71

Next

PLC

(

Broadline

Retail

)

..........

8

363

Ocado

Group

PLC

(

Consumer

Staples

Distribution

&

Retail

)

(a)

(b)

......

2

399

Pearson

PLC

(

Diversified

Consumer

Services

)

....................

5

112

Pentair

PLC

(

Machinery

)

............

10

224

Persimmon

PLC

(

Household

Durables

)

..

4

650

Phoenix

Group

Holdings

PLC

(

Insurance

)

5

1,154

RELX

PLC

(

Professional

Services

)

.....

50

1,488

Rentokil

Initial

PLC

(

Commercial

Services

&

Supplies

)

..................

9

692

Rio

Tinto

PLC

(

Metals

&

Mining

)

......

44

400

Schroders

PLC

(

Capital

Markets

)

......

2

641

Segro

PLC

(

Industrial

REITs

)

.........

7

175

Severn

Trent

PLC

(

Water

Utilities

)

(b)

...

5

3,892

Shell

PLC

(

Oil,

Gas

&

Consumable

Fuels

)

130

601

Smith

&

Nephew

PLC

(

Health

Care

Equipment

&

Supplies

)

.........

8

219

Smiths

Group

PLC

(

Industrial

Conglomerates

)

...............

5

51

Spirax-Sarco

Engineering

PLC

(

Machinery

)

6

624

SSE

PLC

(

Electric

Utilities

)

..........

13

360

St.

James's

Place

PLC

(

Capital

Markets

)

.

2

1,286

Standard

Chartered

PLC

(

Banks

)

.......

11

2,660

Taylor

Wimpey

PLC

(

Household

Durables

)

(b)

.................

5

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

United

Kingdom

(continued)

4,044

Tesco

PLC

(

Consumer

Staples

Distribution

&

Retail

)

....................

$

15

633

The

Sage

Group

PLC

(

Software

)

.......

10

1,521

Unilever

PLC

(

Personal

Care

Products

)

..

76

407

United

Utilities

Group

PLC

(

Water

Utilities

)

5

13,027

Vodafone

Group

PLC

(

Wireless

Telecommunication

Services

)

.....

12

107

Whitbread

PLC

(

Hotels,

Restaurants

&

Leisure

)

....................

4

64

Willis

Towers

Watson

PLC

(

Insurance

)

..

18

409

Wise

PLC

,

Class

-

A

(

Financial

Services

)

(a)

5

616

WPP

PLC

(

Media

)

.................

6

1,098

United

States

—

69

.71

%

72

A.O.

Smith

Corp.

(

Building

Products

)

...

6

273

Adobe,

Inc.

(

Software

)

(a)

............

138

982

Advanced

Micro

Devices,

Inc.

(

Semiconductors

&

Semiconductor

Equipment

)

(a)

................

177

74

AECOM

(

Construction

&

Engineering

)

..

7

345

Aflac,

Inc.

(

Insurance

)

..............

30

181

Agilent

Technologies,

Inc.

(

Life

Sciences

Tools

&

Services

)

..............

26

136

Air

Products

and

Chemicals,

Inc.

(

Chemicals

)

..................

33

261

Airbnb,

Inc.

,

Class

-

A

(

Hotels,

Restaurants

&

Leisure

)

(a)

.................

43

86

Akamai

Technologies,

Inc.

(

IT

Services

)

(a)

9

65

Albemarle

Corp.

(

Chemicals

)

.........

9

193

Albertsons

Cos.,

Inc.

,

Class

-

A

(

Consumer

Staples

Distribution

&

Retail

)

.....

4

95

Alexandria

Real

Estate

Equities,

Inc.

(

Office

REITs

)

.....................

12

43

Align

Technology,

Inc.

(

Health

Care

Equipment

&

Supplies

)

(a)

.......

14

138

Alliant

Energy

Corp.

(

Electric

Utilities

)

..

7

177

Ally

Financial,

Inc.

(

Consumer

Finance

)

.

7

73

Alnylam

Pharmaceuticals,

Inc.

(

Biotechnology

)

(a)

.............

11

3,584

Alphabet,

Inc.

,

Class

-

A

(

Interactive

Media

&

Services

)

(a)

................

541

3,127

Alphabet,

Inc.

,

Class

-

C

(

Interactive

Media

&

Services

)

(a)

................

476

5,634

Amazon.com,

Inc.

(

Broadline

Retail

)

(a)

..

1,017

141

Ameren

Corp.

(

Multi-Utilities

)

........

10

313

American

Electric

Power

Co.,

Inc.

(

Electric

Utilities

)

....................

27

347

American

Express

Co.

(

Consumer

Finance

)

79

53

American

Financial

Group,

Inc.

(

Insurance

)

7

192

American

Homes

4

Rent

,

Class

-

A

(

Residential

REITs

)

............

7

422

American

International

Group,

Inc.

(

Insurance

)

..................

33

285

American

Tower

Corp.

(

Specialized

REITs

)

56

77

HC

CAPITAL

TRUST

The

Catholic

SRI

Growth

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

United

States

(continued)

125

American

Water

Works

Co.,

Inc.

(

Water

Utilities

)

....................

$

15

64

Ameriprise

Financial,

Inc.

(

Capital

Markets

)

28

133

AMETEK,

Inc.

(

Electrical

Equipment

)

...

24

364

Amphenol

Corp.

,

Class

-

A

(

Electronic

Equipment,

Instruments

&

Components

)

.................

42

300

Analog

Devices,

Inc.

(

Semiconductors

&

Semiconductor

Equipment

)

.......

59

278

Annaly

Capital

Management,

Inc.

(

Mortgage

Real

Estate

Investment

Trusts

(REITs)

)

...................

5

50

ANSYS,

Inc.

(

Software

)

(a)

...........

17

124

Aon

PLC

,

Class

-

A

(

Insurance

)

........

41

174

APA

Corp.

(

Oil,

Gas

&

Consumable

Fuels

)

6

243

Apollo

Global

Management,

Inc.

(

Financial

Services

)

....................

27

8,901

Apple,

Inc.

(

Technology

Hardware,

Storage

&

Peripherals

)

................

1,527

506

Applied

Materials,

Inc.

(

Semiconductors

&

Semiconductor

Equipment

)

.......

104

124

AppLovin

Corp.

,

Class

-

A

(

Software

)

(a)

.

9

330

Archer-Daniels-Midland

Co.

(

Food

Products

)

....................

21

100

Ares

Management

Corp.

,

Class

-

A

(

Capital

Markets

)

....................

13

160

Arista

Networks,

Inc.

(

Communications

Equipment

)

(a)

................

46

132

Arthur

J.

Gallagher

&

Co.

(

Insurance

)

...

33

19

Aspen

Technology,

Inc.

(

Software

)

(a)

...

4

30

Assurant,

Inc.

(

Insurance

)

............

6

4,353

AT&T,

Inc.

(

Diversified

Telecommunication

Services

)

....................

77

98

Atmos

Energy

Corp.

(

Gas

Utilities

)

.....

12

132

Autodesk,

Inc.

(

Software

)

(a)

..........

34

251

Automatic

Data

Processing,

Inc.

(

Professional

Services

)

..........

63

11

AutoZone,

Inc.

(

Specialty

Retail

)

(a)

.....

35

79

AvalonBay

Communities,

Inc.

(

Residential

REITs

)

.....................

15

427

Avantor,

Inc.

(

Life

Sciences

Tools

&

Services

)

(a)

..................

11

40

Avery

Dennison

Corp.

(

Containers

&

Packaging

)

..................

9

45

Axon

Enterprise,

Inc.

(

Aerospace

&

Defense

)

(a)

..................

14

622

Baker

Hughes

Co.

(

Energy

Equipment

&

Services

)

....................

21

183

Ball

Corp.

(

Containers

&

Packaging

)

....

12

4,298

Bank

of

America

Corp.

(

Banks

)

........

163

119

Bath

&

Body

Works,

Inc.

(

Specialty

Retail

)

6

318

Baxter

International,

Inc.

(

Health

Care

Equipment

&

Supplies

)

.........

14

120

Bentley

Systems,

Inc.

,

Class

-

B

(

Software

)

6

788

Berkshire

Hathaway,

Inc.

,

Class

-

B

(

Financial

Services

)

(a)

..........

331

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

United

States

(continued)

129

Best

Buy

Co.,

Inc.

(

Specialty

Retail

)

....

$

11

59

BILL

Holdings,

Inc.

(

Software

)

(a)

......

4

98

Bio-Techne

Corp.

(

Life

Sciences

Tools

&

Services

)

....................

7

91

BlackRock,

Inc.

(

Capital

Markets

)

......

76

432

Blackstone,

Inc.

(

Capital

Markets

)

......

57

339

Block,

Inc.

(

Financial

Services

)

(a)

......

29

21

Booking

Holdings,

Inc.

(

Hotels,

Restaurants

&

Leisure

)

(a)

.................

76

79

Booz

Allen

Hamilton

Holding

Corp.

(

Professional

Services

)

..........

12

123

BorgWarner,

Inc.

(

Automobile

Components

)

4

80

Boston

Properties,

Inc.

(

Office

REITs

)

...

5

894

Boston

Scientific

Corp.

(

Health

Care

Equipment

&

Supplies

)

(a)

.......

61

269

Broadcom,

Inc.

(

Semiconductors

&

Semiconductor

Equipment

)

.......

357

69

Broadridge

Financial

Solutions,

Inc.

(

Professional

Services

)

..........

14

63

Brookfield

Renewable

Corp.

,

Class

-

A

(

Independent

Power

and

Renewable

Electricity

Producers

)

(b)

.........

2

135

Brown

&

Brown,

Inc.

(

Insurance

)

......

12

178

Brown-Forman

Corp.

,

Class

-

B

(

Beverages

)

9

74

Builders

FirstSource,

Inc.

(

Building

Products

)

(a)

..................

15

85

Bunge

Global

SA

(

Food

Products

)

......

9

36

Burlington

Stores,

Inc.

(

Specialty

Retail

)

(a)

8

69

C.H.

Robinson

Worldwide,

Inc.

(

Air

Freight

&

Logistics

)

.................

5

166

Cadence

Design

Systems,

Inc.

(

Software

)

(a)

52

129

Caesars

Entertainment,

Inc.

(

Hotels,

Restaurants

&

Leisure

)

(a)

........

6

61

Camden

Property

Trust

(

Residential

REITs

)

6

104

Campbell

Soup

Co.

(

Food

Products

)

....

5

235

Capital

One

Financial

Corp.

(

Consumer

Finance

)

....................

35

156

Cardinal

Health,

Inc.

(

Health

Care

Providers

&

Services

)

..................

17

31

Carlisle

Cos.,

Inc.

(

Building

Products

)

...

12

94

CarMax,

Inc.

(

Specialty

Retail

)

(a)

......

8

594

Carnival

Corp.

(

Hotels,

Restaurants

&

Leisure

)

(a)

..................

10

497

Carrier

Global

Corp.

(

Building

Products

)

.

29

310

Caterpillar,

Inc.

(

Machinery

)

..........

114

62

Cboe

Global

Markets,

Inc.

(

Capital

Markets

)

11

195

CBRE

Group,

Inc.

,

Class

-

A

(

Real

Estate

Management

&

Development

)

(a)

...

19

83

CDW

Corp.

(

Electronic

Equipment,

Instruments

&

Components

)

......

21

66

Celanese

Corp.

(

Chemicals

)

..........

11

89

Celsius

Holdings,

Inc.

(

Beverages

)

(a)

...

7

105

Cencora,

Inc.

(

Health

Care

Providers

&

Services

)

....................

26

334

Centene

Corp.

(

Health

Care

Providers

&

Services

)

(a)

..................

26

78

HC

CAPITAL

TRUST

The

Catholic

SRI

Growth

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

United

States

(continued)

399

CenterPoint

Energy,

Inc.

(

Multi-Utilities

)

.

$

11

112

CF

Industries

Holdings,

Inc.

(

Chemicals

)

.

9

60

Charter

Communications,

Inc.

,

Class

-

A

(

Media

)

(a)

...................

17

146

Cheniere

Energy,

Inc.

(

Oil,

Gas

&

Consumable

Fuels

)

.............

24

65

Chesapeake

Energy

Corp.

(

Oil,

Gas

&

Consumable

Fuels

)

.............

6

1,079

Chevron

Corp.

(

Oil,

Gas

&

Consumable

Fuels

)

......................

170

17

Chipotle

Mexican

Grill,

Inc.

(

Hotels,

Restaurants

&

Leisure

)

(a)

........

49

90

Cincinnati

Financial

Corp.

(

Insurance

)

...

11

53

Cintas

Corp.

(

Commercial

Services

&

Supplies

)

....................

36

2,456

Cisco

Systems,

Inc.

(

Communications

Equipment

)

..................

123

1,144

Citigroup,

Inc.

(

Banks

)

..............

72

307

Citizens

Financial

Group,

Inc.

(

Banks

)

...

11

286

Cleveland-Cliffs,

Inc.

(

Metals

&

Mining

)

(a)

7

188

Cloudflare,

Inc.

,

Class

-

A

(

IT

Services

)

(a)

18

218

CME

Group,

Inc.

(

Capital

Markets

)

.....

47

133

CMS

Energy

Corp.

(

Multi-Utilities

)

.....

8

303

Cognizant

Technology

Solutions

Corp.

,

Class

-

A

(

IT

Services

)

..........

22

108

Coinbase

Global,

Inc.

,

Class

-

A

(

Capital

Markets

)

(a)

..................

29

476

Colgate-Palmolive

Co.

(

Household

Products

)

....................

43

2,426

Comcast

Corp.

,

Class

-

A

(

Media

)

......

105

307

Conagra

Brands,

Inc.

(

Food

Products

)

...

9

148

Confluent,

Inc.

,

Class

-

A

(

Software

)

(a)

..

5

728

ConocoPhillips

(

Oil,

Gas

&

Consumable

Fuels

)

......................

93

209

Consolidated

Edison,

Inc.

(

Multi-Utilities

)

19

102

Constellation

Brands,

Inc.

,

Class

-

A

(

Beverages

)

..................

28

196

Constellation

Energy

Corp.

(

Electric

Utilities

)

....................

36

534

Copart,

Inc.

(

Commercial

Services

&

Supplies

)

(a)

..................

31

127

Corebridge

Financial,

Inc.

(

Financial

Services

)

....................

4

41

Corpay,

Inc.

(

Software

)

(a)

............

13

434

Corteva,

Inc.

(

Chemicals

)

............

25

255

CoStar

Group,

Inc.

(

Real

Estate

Management

&

Development

)

(a)

...

25

269

Costco

Wholesale

Corp.

(

Consumer

Staples

Distribution

&

Retail

)

...........

197

424

Coterra

Energy,

Inc.

(

Oil,

Gas

&

Consumable

Fuels

)

.............

12

138

Crowdstrike

Holdings,

Inc.

,

Class

-

A

(

Software

)

(a)

.................

44

266

Crown

Castle,

Inc.

(

Specialized

REITs

)

..

28

72

Crown

Holdings,

Inc.

(

Containers

&

Packaging

)

..................

6

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

United

States

(continued)

1,213

CSX

Corp.

(

Ground

Transportation

)

....

$

45

88

Cummins,

Inc.

(

Machinery

)

..........

26

784

CVS

Health

Corp.

(

Health

Care

Providers

&

Services

)

....................

63

187

D.R.

Horton,

Inc.

(

Household

Durables

)

..

31

78

Darden

Restaurants,

Inc.

(

Hotels,

Restaurants

&

Leisure

)

..........

13

86

Darling

Ingredients,

Inc.

(

Food

Products

)

(a)

4

163

Datadog,

Inc.

,

Class

-

A

(

Software

)

(a)

...

20

30

DaVita,

Inc.

(

Health

Care

Providers

&

Services

)

(a)

..................

4

88

Dayforce,

Inc.

(

Professional

Services

)

(a)

.

6

15

Deckers

Outdoor

Corp.

(

Textiles,

Apparel

&

Luxury

Goods

)

(a)

.............

14

162

Deere

&

Co.

(

Machinery

)

............

67

144

Dell

Technologies,

Inc.

,

Class

-

C

(

Technology

Hardware,

Storage

&

Peripherals

)

..................

16

79

Delta

Air

Lines,

Inc.

(

Passenger

Airlines

)

.

4

400

Devon

Energy

Corp.

(

Oil,

Gas

&

Consumable

Fuels

)

.............

20

238

Dexcom,

Inc.

(

Health

Care

Equipment

&

Supplies

)

(a)

..................

33

104

Diamondback

Energy,

Inc.

(

Oil,

Gas

&

Consumable

Fuels

)

.............

21

38

Dick's

Sporting

Goods,

Inc.

(

Specialty

Retail

)

......................

9

185

Digital

Realty

Trust,

Inc.

(

Specialized

REITs

)

.....................

27

153

Discover

Financial

Services

(

Consumer

Finance

)

....................

20

124

DocuSign,

Inc.

(

Software

)

(a)

..........

7

134

Dollar

General

Corp.

(

Consumer

Staples

Distribution

&

Retail

)

...........

21

129

Dollar

Tree,

Inc.

(

Consumer

Staples

Distribution

&

Retail

)

(a)

.........

17

514

Dominion

Energy,

Inc.

(

Multi-Utilities

)

..

25

20

Domino's

Pizza,

Inc.

(

Hotels,

Restaurants

&

Leisure

)

....................

10

152

DoorDash,

Inc.

,

Class

-

A

(

Hotels,

Restaurants

&

Leisure

)

(a)

........

21

91

Dover

Corp.

(

Machinery

)

............

16

439

Dow,

Inc.

(

Chemicals

)

..............

25

248

DraftKings,

Inc.

(

Hotels,

Restaurants

&

Leisure

)

(a)

..................

11

162

Dropbox,

Inc.

,

Class

-

A

(

Software

)

(a)

...

4

129

DTE

Energy

Co.

(

Multi-Utilities

)

......

14

469

Duke

Energy

Corp.

(

Electric

Utilities

)

...

45

254

DuPont

de

Nemours,

Inc.

(

Chemicals

)

...

19

159

Dynatrace,

Inc.

(

Software

)

(a)

.........

7

70

Eastman

Chemical

Co.

(

Chemicals

)

.....

7

242

Eaton

Corp.

PLC

(

Electrical

Equipment

)

.

76

300

eBay,

Inc.

(

Broadline

Retail

)

..........

16

156

Ecolab,

Inc.

(

Chemicals

)

.............

36

239

Edison

International

(

Electric

Utilities

)

..

17

79

HC

CAPITAL

TRUST

The

Catholic

SRI

Growth

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

United

States

(continued)

373

Edwards

Lifesciences

Corp.

(

Health

Care

Equipment

&

Supplies

)

(a)

.......

$

36

157

Electronic

Arts,

Inc.

(

Entertainment

)

....

21

140

Elevance

Health,

Inc.

(

Health

Care

Providers

&

Services

)

...........

73

349

Emerson

Electric

Co.

(

Electrical

Equipment

)

40

81

Enphase

Energy,

Inc.

(

Semiconductors

&

Semiconductor

Equipment

)

(a)

.....

10

91

Entegris,

Inc.

(

Semiconductors

&

Semiconductor

Equipment

)

.......

13

107

Entergy

Corp.

(

Electric

Utilities

)

.......

11

356

EOG

Resources,

Inc.

(

Oil,

Gas

&

Consumable

Fuels

)

.............

46

34

EPAM

Systems,

Inc.

(

IT

Services

)

(a)

....

9

239

EQT

Corp.

(

Oil,

Gas

&

Consumable

Fuels

)

9

75

Equifax,

Inc.

(

Professional

Services

)

....

20

57

Equinix,

Inc.

(

Specialized

REITs

)

......

47

226

Equitable

Holdings,

Inc.

(

Financial

Services

)

....................

9

100

Equity

LifeStyle

Properties,

Inc.

(

Residential

REITs

)

............

6

226

Equity

Residential

(

Residential

REITs

)

..

14

15

Erie

Indemnity

Co.

,

Class

-

A

(

Insurance

)

.

6

147

Essential

Utilities,

Inc.

(

Water

Utilities

)

..

5

36

Essex

Property

Trust,

Inc.

(

Residential

REITs

)

.....................

9

75

Etsy,

Inc.

(

Broadline

Retail

)

(a)

........

5

157

Evergy,

Inc.

(

Electric

Utilities

)

........

8

218

Eversource

Energy

(

Electric

Utilities

)

...

13

107

Exact

Sciences

Corp.

(

Biotechnology

)

(a)

.

7

606

Exelon

Corp.

(

Electric

Utilities

)

.......

23

83

Expedia

Group,

Inc.

(

Hotels,

Restaurants

&

Leisure

)

(a)

..................

11

88

Expeditors

International

of

Washington,

Inc.

(

Air

Freight

&

Logistics

)

........

11

131

Extra

Space

Storage,

Inc.

(

Specialized

REITs

)

.....................

19

2,409

Exxon

Mobil

Corp.

(

Oil,

Gas

&

Consumable

Fuels

)

......................

280

33

F5,

Inc.

(

Communications

Equipment

)

(a)

.

6

23

FactSet

Research

Systems,

Inc.

(

Capital

Markets

)

....................

10

15

Fair

Isaac

Corp.

(

Software

)

(a)

.........

19

352

Fastenal

Co.

(

Trading

Companies

&

Distributors

)

.................

27

146

FedEx

Corp.

(

Air

Freight

&

Logistics

)

...

42

168

Fidelity

National

Financial,

Inc.

(

Insurance

)

9

367

Fidelity

National

Information

Services,

Inc.

(

Financial

Services

)

............

27

429

Fifth

Third

Bancorp

(

Banks

)

..........

16

6

First

Citizens

BancShares,

Inc.

,

Class

-

A

(

Banks

)

.....................

10

57

First

Solar,

Inc.

(

Semiconductors

&

Semiconductor

Equipment

)

(a)

.....

10

315

FirstEnergy

Corp.

(

Electric

Utilities

)

....

12

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

United

States

(continued)

354

Fiserv,

Inc.

(

Financial

Services

)

(a)

......

$

57

77

FMC

Corp.

(

Chemicals

)

.............

5

2,412

Ford

Motor

Co.

(

Automobiles

)

........

32

408

Fortinet,

Inc.

(

Software

)

(a)

...........

28

218

Fortive

Corp.

(

Machinery

)

...........

19

89

Fortune

Brands

Innovations,

Inc.

(

Building

Products

)

....................

8

111

Fox

Corp.

,

Class

-

A

(

Media

)

..........

3

112

Fox

Corp.

,

Class

-

B

(

Media

)

.........

3

199

Franklin

Resources,

Inc.

(

Capital

Markets

)

6

884

Freeport-McMoRan,

Inc.

(

Metals

&

Mining

)

42

180

Gaming

and

Leisure

Properties,

Inc.

(

Specialized

REITs

)

............

8

48

Gartner,

Inc.

(

IT

Services

)

(a)

..........

23

255

GE

HealthCare

Technologies,

Inc.

(

Health

Care

Equipment

&

Supplies

)

......

23

357

Gen

Digital,

Inc.

(

Software

)

..........

8

356

General

Mills,

Inc.

(

Food

Products

)

.....

25

845

General

Motors

Co.

(

Automobiles

)

.....

38

88

Genuine

Parts

Co.

(

Distributors

)

.......

14

160

Global

Payments,

Inc.

(

Financial

Services

)

21

60

Globe

Life,

Inc.

(

Insurance

)

..........

7

87

GoDaddy,

Inc.

,

Class

-

A

(

IT

Services

)

(a)

.

10

105

Graco,

Inc.

(

Machinery

)

.............

10

555

Halliburton

Co.

(

Energy

Equipment

&

Services

)

....................

22

79

Hasbro,

Inc.

(

Leisure

Products

)

........

4

124

HCA

Healthcare,

Inc.

(

Health

Care

Providers

&

Services

)

...........

41

392

Healthpeak

Properties,

Inc.

(

Health

Care

REITs

)

.....................

7

31

HEICO

Corp.

(

Aerospace

&

Defense

)

...

6

39

HEICO

Corp.

,

Class

-

A

(

Aerospace

&

Defense

)

....................

6

72

Henry

Schein,

Inc.

(

Health

Care

Providers

&

Services

)

(a)

..................

5

170

Hess

Corp.

(

Oil,

Gas

&

Consumable

Fuels

)

26

825

Hewlett

Packard

Enterprise

Co.

(

Technology

Hardware,

Storage

&

Peripherals

)

..

15

90

HF

Sinclair

Corp.

(

Oil,

Gas

&

Consumable

Fuels

)

......................

5

149

Hilton

Worldwide

Holdings,

Inc.

(

Hotels,

Restaurants

&

Leisure

)

..........

32

161

Hologic,

Inc.

(

Health

Care

Equipment

&

Supplies

)

(a)

..................

13

187

Hormel

Foods

Corp.

(

Food

Products

)

....

7

454

Host

Hotels

&

Resorts,

Inc.

(

Hotel

&

Resort

REITs

)

.....................

9

227

Howmet

Aerospace,

Inc.

(

Aerospace

&

Defense

)

....................

16

566

HP,

Inc.

(

Technology

Hardware,

Storage

&

Peripherals

)

..................

17

31

Hubbell,

Inc.

(

Electrical

Equipment

)

....

13

30

HubSpot,

Inc.

(

Software

)

(a)

..........

19

80

HC

CAPITAL

TRUST

The

Catholic

SRI

Growth

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

United

States

(continued)

76

Humana,

Inc.

(

Health

Care

Providers

&

Services

)

....................

$

26

931

Huntington

Bancshares,

Inc.

(

Banks

)

....

13

32

Hyatt

Hotels

Corp.

,

Class

-

A

(

Hotels,

Restaurants

&

Leisure

)

..........

5

45

IDEX

Corp.

(

Machinery

)

............

11

51

IDEXX

Laboratories,

Inc.

(

Health

Care

Equipment

&

Supplies

)

(a)

.......

28

181

Illinois

Tool

Works,

Inc.

(

Machinery

)

....

49

114

Incyte

Corp.

(

Biotechnology

)

(a)

.......

6

254

Ingersoll

Rand,

Inc.

(

Machinery

)

.......

24

40

Insulet

Corp.

(

Health

Care

Equipment

&

Supplies

)

(a)

..................

7

2,572

Intel

Corp.

(

Semiconductors

&

Semiconductor

Equipment

)

.......

114

346

Intercontinental

Exchange,

Inc.

(

Capital

Markets

)

....................

48

553

International

Business

Machines

Corp.

(

IT

Services

)

....................

106

159

International

Flavors

&

Fragrances,

Inc.

(

Chemicals

)

..................

14

182

International

Paper

Co.

(

Containers

&

Packaging

)

..................

7

168

Intuit,

Inc.

(

Software

)

...............

109

214

Intuitive

Surgical,

Inc.

(

Health

Care

Equipment

&

Supplies

)

(a)

.......

85

333

Invitation

Homes,

Inc.

(

Residential

REITs

)

12

112

IQVIA

Holdings,

Inc.

(

Life

Sciences

Tools

&

Services

)

(a)

................

28

168

Iron

Mountain,

Inc.

(

Specialized

REITs

)

.

13

73

Jabil,

Inc.

(

Electronic

Equipment,

Instruments

&

Components

)

......

10

39

Jack

Henry

&

Associates,

Inc.

(

Financial

Services

)

....................

7

70

Jacobs

Solutions,

Inc.

(

Professional

Services

)

....................

11

34

Jazz

Pharmaceuticals

PLC

(

Pharmaceuticals

)

(a)

...........

4

52

JB

Hunt

Transport

Services,

Inc.

(

Ground

Transportation

)

...............

10

1,744

JPMorgan

Chase

&

Co.

(

Banks

)

.......

349

197

Juniper

Networks,

Inc.

(

Communications

Equipment

)

..................

7

155

Kellanova

(

Food

Products

)

...........

9

1,078

Kenvue,

Inc.

(

Personal

Care

Products

)

...

23

651

Keurig

Dr.

Pepper,

Inc.

(

Beverages

)

.....

20

555

KeyCorp

(

Banks

)

..................

9

115

Keysight

Technologies,

Inc.

(

Electronic

Equipment,

Instruments

&

Components

)

(a)

...............

18

209

Kimberly-Clark

Corp.

(

Household

Products

)

27

388

Kimco

Realty

Corp.

(

Retail

REITs

)

.....

8

1,232

Kinder

Morgan,

Inc.

(

Oil,

Gas

&

Consumable

Fuels

)

.............

23

352

KKR

&

Co.,

Inc.

(

Capital

Markets

)

.....

35

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

United

States

(continued)

82

KLA

Corp.

(

Semiconductors

&

Semiconductor

Equipment

)

.......

$

57

105

Knight-Swift

Transportation

Holdings,

Inc.

(

Ground

Transportation

)

.........

6

47

Laboratory

Corp.

of

America

Holdings

(

Health

Care

Providers

&

Services

)

.

10

80

Lam

Research

Corp.

(

Semiconductors

&

Semiconductor

Equipment

)

.......

78

92

Lamb

Weston

Holdings,

Inc.

(

Food

Products

)

....................

10

237

Las

Vegas

Sands

Corp.

(

Hotels,

Restaurants

&

Leisure

)

...................

12

97

Lattice

Semiconductor

Corp.

(

Semiconductors

&

Semiconductor

Equipment

)

(a)

................

8

34

Lear

Corp.

(

Automobile

Components

)

...

5

146

Lennar

Corp.

,

Class

-

A

(

Household

Durables

)

...................

25

19

Lennox

International,

Inc.

(

Building

Products

)

....................

9

72

Liberty

Broadband

Corp.

,

Class

-

C

(

Media

)

(a)

...................

4

114

Liberty

Media

Corp.-Liberty

Formula

One

(

Entertainment

)

(a)

.............

7

90

Liberty

Media

Corp.-Liberty

SiriusXM

(

Media

)

(a)

...................

3

289

Linde

PLC

(

Chemicals

)

.............

134

93

Live

Nation

Entertainment,

Inc.

(

Entertainment

)

(a)

.............

10

152

LKQ

Corp.

(

Distributors

)

............

8

142

Loews

Corp.

(

Insurance

)

.............

11

345

Lowe's

Cos.,

Inc.

(

Specialty

Retail

)

.....

88

44

LPL

Financial

Holdings,

Inc.

(

Capital

Markets

)

....................

12

163

LyondellBasell

Industries

N.V.

,

Class

-

A

(

Chemicals

)

..................

17

105

M&T

Bank

Corp.

(

Banks

)

............

15

35

Manhattan

Associates,

Inc.

(

Software

)

(a)

.

9

322

Marathon

Oil

Corp.

(

Oil,

Gas

&

Consumable

Fuels

)

.............

9

227

Marathon

Petroleum

Corp.

(

Oil,

Gas

&

Consumable

Fuels

)

.............

46

8

Markel

Group,

Inc.

(

Insurance

)

(a)

......

12

23

MarketAxess

Holdings,

Inc.

(

Capital

Markets

)

....................

5

149

Marriott

International,

Inc.

,

Class

-

A

(

Hotels,

Restaurants

&

Leisure

)

....

38

301

Marsh

&

McLennan

Cos.,

Inc.

(

Insurance

)

62

38

Martin

Marietta

Materials,

Inc.

(

Construction

Materials

)

.........

23

525

Marvell

Technology,

Inc.

(

Semiconductors

&

Semiconductor

Equipment

)

.....

37

131

Masco

Corp.

(

Building

Products

)

.......

10

504

Mastercard,

Inc.

,

Class

-

A

(

Financial

Services

)

....................

243

143

Match

Group,

Inc.

(

Interactive

Media

&

Services

)

(a)

..................

5

81

HC

CAPITAL

TRUST

The

Catholic

SRI

Growth

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

United

States

(continued)

145

McCormick

&

Co.,

Inc.

(

Food

Products

)

.

$

11

435

McDonald's

Corp.

(

Hotels,

Restaurants

&

Leisure

)

....................

123

1,346

Meta

Platforms,

Inc.

,

Class

-

A

(

Interactive

Media

&

Services

)

.............

655

393

MetLife,

Inc.

(

Insurance

)

............

29

14

Mettler-Toledo

International,

Inc.

(

Life

Sciences

Tools

&

Services

)

(a)

.....

19

169

MGM

Resorts

International

(

Hotels,

Restaurants

&

Leisure

)

(a)

........

8

329

Microchip

Technology,

Inc.

(

Semiconductors

&

Semiconductor

Equipment

)

..................

30

667

Micron

Technology,

Inc.

(

Semiconductors

&

Semiconductor

Equipment

)

.......

79

4,273

Microsoft

Corp.

(

Software

)

...........

1,799

66

Mid-America

Apartment

Communities,

Inc.

(

Residential

REITs

)

............

9

36

Molina

Healthcare,

Inc.

(

Health

Care

Providers

&

Services

)

(a)

.........

15

103

Molson

Coors

Beverage

Co.

,

Class

-

B

(

Beverages

)

..................

7

827

Mondelez

International,

Inc.

,

Class

-

A

(

Food

Products

)

...............

58

44

MongoDB,

Inc.

(

IT

Services

)

(a)

.......

16

28

Monolithic

Power

Systems,

Inc.

(

Semiconductors

&

Semiconductor

Equipment

)

..................

19

483

Monster

Beverage

Corp.

(

Beverages

)

(a)

..

29

100

Moody's

Corp.

(

Capital

Markets

)

.......

39

757

Morgan

Stanley

(

Capital

Markets

)

......

71

101

Motorola

Solutions,

Inc.

(

Communications

Equipment

)

..................

36

48

MSCI,

Inc.

(

Capital

Markets

)

.........

27

197

Nasdaq,

Inc.

(

Capital

Markets

)

........

12

135

NetApp,

Inc.

(

Technology

Hardware,

Storage

&

Peripherals

)

..........

14

264

Netflix,

Inc.

(

Entertainment

)

(a)

........

160

59

Neurocrine

Biosciences,

Inc.

(

Biotechnology

)

(a)

.............

8

724

Newmont

Corp.

(

Metals

&

Mining

)

.....

26

235

News

Corp.

,

Class

-

A

(

Media

)

........

6

1,250

NextEra

Energy,

Inc.

(

Electric

Utilities

)

..

80

747

NIKE,

Inc.

,

Class

-

B

(

Textiles,

Apparel

&

Luxury

Goods

)

...............

70

304

NiSource,

Inc.

(

Multi-Utilities

)

........

8

38

Nordson

Corp.

(

Machinery

)

..........

10

138

Norfolk

Southern

Corp.

(

Ground

Transportation

)

...............

35

131

Northern

Trust

Corp.

(

Capital

Markets

)

..

12

124

NRG

Energy,

Inc.

(

Electric

Utilities

)

....

8

153

Nucor

Corp.

(

Metals

&

Mining

)

.......

30

1,497

NVIDIA

Corp.

(

Semiconductors

&

Semiconductor

Equipment

)

.......

1,354

2

NVR,

Inc.

(

Household

Durables

)

(a)

.....

16

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

United

States

(continued)

405

Occidental

Petroleum

Corp.

(

Oil,

Gas

&

Consumable

Fuels

)

.............

$

26

92

Okta,

Inc.

(

IT

Services

)

(a)

............

10

120

Old

Dominion

Freight

Line,

Inc.

(

Ground

Transportation

)

...............

26

125

Omnicom

Group,

Inc.

(

Media

)

........

12

263

ON

Semiconductor

Corp.

(

Semiconductors

&

Semiconductor

Equipment

)

(a)

...

19

364

ONEOK,

Inc.

(

Oil,

Gas

&

Consumable

Fuels

)

......................

29

999

Oracle

Corp.

(

Software

)

.............

125

36

O'Reilly

Automotive,

Inc.

(

Specialty

Retail

)

(a)

....................

41

237

Otis

Worldwide

Corp.

(

Machinery

)

.....

24

147

Ovintiv,

Inc.

(

Oil,

Gas

&

Consumable

Fuels

)

8

54

Owens

Corning

(

Building

Products

)

....

9

320

PACCAR,

Inc.

(

Machinery

)

..........

40

51

Packaging

Corp.

of

America

(

Containers

&

Packaging

)

..................

10

1,126

Palantir

Technologies,

Inc.

,

Class

-

A

(

Software

)

(a)

.................

26

194

Palo

Alto

Networks,

Inc.

(

Software

)

(a)

...

55

291

Paramount

Global

,

Class

-

B

(

Media

)

....

3

79

Parker-Hannifin

Corp.

(

Machinery

)

.....

44

201

Paychex,

Inc.

(

Professional

Services

)

....

25

30

Paycom

Software,

Inc.

(

Professional

Services

)

....................

6

26

Paylocity

Holding

Corp.

(

Professional

Services

)

(a)

..................

4

642

PayPal

Holdings,

Inc.

(

Financial

Services

)

(a)

..................

43

835

PepsiCo,

Inc.

(

Beverages

)

............

146

1,247

PG&E

Corp.

(

Electric

Utilities

)

........

21

271

Phillips

66

(

Oil,

Gas

&

Consumable

Fuels

)

44

344

Pinterest,

Inc.

,

Class

-

A

(

Interactive

Media

&

Services

)

(a)

................

12

142

Pioneer

Natural

Resources

Co.

(

Oil,

Gas

&

Consumable

Fuels

)

.............

37

25

Pool

Corp.

(

Distributors

)

............

10

146

PPG

Industries,

Inc.

(

Chemicals

)

.......

21

463

PPL

Corp.

(

Electric

Utilities

)

..........

13

154

Principal

Financial

Group,

Inc.

(

Insurance

)

13

564

Prologis,

Inc.

(

Industrial

REITs

)

.......

73

226

Prudential

Financial,

Inc.

(

Insurance

)

....

27

76

PTC,

Inc.

(

Software

)

(a)

.............

14

288

Public

Service

Enterprise

Group,

Inc.

(

Multi-Utilities

)

...............

19

97

Public

Storage

(

Specialized

REITs

)

.....

28

131

PulteGroup,

Inc.

(

Household

Durables

)

..

16

54

Qorvo,

Inc.

(

Semiconductors

&

Semiconductor

Equipment

)

(a)

.....

6

669

QUALCOMM,

Inc.

(

Semiconductors

&

Semiconductor

Equipment

)

.......

113

89

Quanta

Services,

Inc.

(

Construction

&

Engineering

)

.................

23

82

HC

CAPITAL

TRUST

The

Catholic

SRI

Growth

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

United

States

(continued)

62

Quest

Diagnostics,

Inc.

(

Health

Care

Providers

&

Services

)

...........

$

8

114

Raymond

James

Financial,

Inc.

(

Capital

Markets

)

....................

15

100

RB

Global,

Inc.

(

Commercial

Services

&

Supplies

)

....................

8

484

Realty

Income

Corp.

(

Retail

REITs

)

.....

26

95

Regency

Centers

Corp.

(

Retail

REITs

)

...

6

609

Regions

Financial

Corp.

(

Banks

)

.......

13

34

Reliance,

Inc.

(

Metals

&

Mining

)

......

11

29

Repligen

Corp.

(

Life

Sciences

Tools

&

Services

)

(a)

..................

5

127

Republic

Services,

Inc.

(

Commercial

Services

&

Supplies

)

...........

24

86

ResMed,

Inc.

(

Health

Care

Equipment

&

Supplies

)

....................

17

361

Rivian

Automotive,

Inc.

,

Class

-

A

(

Automobiles

)

(a)

..............

4

59

Robert

Half,

Inc.

(

Professional

Services

)

.

5

282

Robinhood

Markets,

Inc.

,

Class

-

A

(

Capital

Markets

)

(a)

..................

6

255

ROBLOX

Corp.

,

Class

-

A

(

Entertainment

)

(a)

.............

10

71

Rockwell

Automation,

Inc.

(

Electrical

Equipment

)

..................

21

71

Roku,

Inc.

(

Entertainment

)

(a)

.........

5

169

Rollins,

Inc.

(

Commercial

Services

&

Supplies

)

....................

8

65

Roper

Technologies,

Inc.

(

Software

)

....

36

210

Ross

Stores,

Inc.

(

Specialty

Retail

)

.....

31

150

Royal

Caribbean

Cruises

Ltd.

(

Hotels,

Restaurants

&

Leisure

)

(a)

........

21

263

Royalty

Pharma

PLC

,

Class

-

A

(

Pharmaceuticals

)

.............

8

79

RPM

International,

Inc.

(

Chemicals

)

....

9

198

S&P

Global,

Inc.

(

Capital

Markets

)

.....

84

582

Salesforce,

Inc.

(

Software

)

(a)

.........

175

118

Samsara,

Inc.

,

Class

-

A

(

Software

)

(a)

...

4

68

SBA

Communications

Corp.

(

Specialized

REITs

)

.....................

15

869

Schlumberger

N.V.

(

Energy

Equipment

&

Services

)

....................

48

115

Seagate

Technology

Holdings

PLC

(

Technology

Hardware,

Storage

&

Peripherals

)

..................

11

64

SEI

Investments

Co.

(

Capital

Markets

)

..

5

389

Sempra

(

Multi-Utilities

)

.............

28

125

ServiceNow,

Inc.

(

Software

)

(a)

........

95

191

Simon

Property

Group,

Inc.

(

Retail

REITs

)

30

400

Sirius

XM

Holdings,

Inc.

(

Media

)

......

2

94

Skyworks

Solutions,

Inc.

(

Semiconductors

&

Semiconductor

Equipment

)

.....

10

724

Snap,

Inc.

,

Class

-

A

(

Interactive

Media

&

Services

)

(a)

..................

8

34

Snap-on,

Inc.

(

Machinery

)

...........

10

172

Snowflake,

Inc.

,

Class

-

A

(

IT

Services

)

(a)

28

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

United

States

(continued)

105

Southwest

Airlines

Co.

(

Passenger

Airlines

)

$

3

122

SS&C

Technologies

Holdings,

Inc.

(

Professional

Services

)

..........

8

91

Stanley

Black

&

Decker,

Inc.

(

Machinery

)

9

699

Starbucks

Corp.

(

Hotels,

Restaurants

&

Leisure

)

....................

64

202

State

Street

Corp.

(

Capital

Markets

)

.....

16

93

Steel

Dynamics,

Inc.

(

Metals

&

Mining

)

.

14

62

STERIS

PLC

(

Health

Care

Equipment

&

Supplies

)

....................

14

208

Stryker

Corp.

(

Health

Care

Equipment

&

Supplies

)

....................

74

79

Sun

Communities,

Inc.

(

Residential

REITs

)

10

31

Super

Micro

Computer,

Inc.

(

Technology

Hardware,

Storage

&

Peripherals

)

(a)

31

268

Synchrony

Financial

(

Consumer

Finance

)

12

93

Synopsys,

Inc.

(

Software

)

(a)

..........

53

313

Sysco

Corp.

(

Consumer

Staples

Distribution

&

Retail

)

....................

25

143

T.

Rowe

Price

Group,

Inc.

(

Capital

Markets

)

17

106

Take-Two

Interactive

Software,

Inc.

(

Entertainment

)

(a)

.............

16

133

Targa

Resources

Corp.

(

Oil,

Gas

&

Consumable

Fuels

)

.............

15

282

Target

Corp.

(

Consumer

Staples

Distribution

&

Retail

)

....................

50

191

TE

Connectivity

Ltd.

(

Electronic

Equipment,

Instruments

&

Components

)

.................

28

30

Teledyne

Technologies,

Inc.

(

Electronic

Equipment,

Instruments

&

Components

)

(a)

...............

13

32

Teleflex,

Inc.

(

Health

Care

Equipment

&

Supplies

)

....................

7

94

Teradyne,

Inc.

(

Semiconductors

&

Semiconductor

Equipment

)

.......

11

1,731

Tesla,

Inc.

(

Automobiles

)

(a)

..........

304

539

Texas

Instruments,

Inc.

(

Semiconductors

&

Semiconductor

Equipment

)

.......

94

12

Texas

Pacific

Land

Corp.

(

Oil,

Gas

&

Consumable

Fuels

)

.............

7

364

The

AES

Corp.

(

Independent

Power

and

Renewable

Electricity

Producers

)

..

7

160

The

Allstate

Corp.

(

Insurance

)

.........

28

446

The

Bank

of

New

York

Mellon

Corp.

(

Capital

Markets

)

..............

26

130

The

Carlyle

Group,

Inc.

(

Capital

Markets

)

6

917

The

Charles

Schwab

Corp.

(

Capital

Markets

)

....................

66

180

The

Cigna

Group

(

Health

Care

Providers

&

Services

)

....................

65

73

The

Clorox

Co.

(

Household

Products

)

...

11

2,494

The

Coca-Cola

Co.

(

Beverages

)

.......

153

143

The

Estee

Lauder

Cos.,

Inc.

(

Personal

Care

Products

)

....................

22

195

The

Goldman

Sachs

Group,

Inc.

(

Capital

Markets

)

....................

81

83

HC

CAPITAL

TRUST

The

Catholic

SRI

Growth

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

United

States

(continued)

185

The

Hartford

Financial

Services

Group,

Inc.

(

Insurance

)

..................

$

19

93

The

Hershey

Co.

(

Food

Products

)

......

18

600

The

Home

Depot,

Inc.

(

Specialty

Retail

)

.

230

254

The

Interpublic

Group

of

Cos.,

Inc.

(

Media

)

8

63

The

J.M.

Smucker

Co.

(

Food

Products

)

..

8

531

The

Kraft

Heinz

Co.

(

Food

Products

)

....

20

431

The

Kroger

Co.

(

Consumer

Staples

Distribution

&

Retail

)

...........

25

186

The

Mosaic

Co.

(

Chemicals

)

..........

6

246

The

PNC

Financial

Services

Group,

Inc.

(

Banks

)

.....................

40

355

The

Progressive

Corp.

(

Insurance

)

......

73

148

The

Sherwin-Williams

Co.

(

Chemicals

)

..

51

659

The

Southern

Co.

(

Electric

Utilities

)

....

47

701

The

TJX

Cos.,

Inc.

(

Specialty

Retail

)

....

71

62

The

Toro

Co.

(

Machinery

)

............

6

273

The

Trade

Desk,

Inc.

,

Class

-

A

(

Media

)

(a)

24

140

The

Travelers

Cos.,

Inc.

(

Insurance

)

.....

32

1,114

The

Walt

Disney

Co.

(

Entertainment

)

....

136

745

The

Williams

Cos.,

Inc.

(

Oil,

Gas

&

Consumable

Fuels

)

.............

29

307

T-Mobile

US,

Inc.

(

Wireless

Telecommunication

Services

)

.....

50

200

Toast,

Inc.

,

Class

-

A

(

Financial

Services

)

(a)

5

68

Tractor

Supply

Co.

(

Specialty

Retail

)

....

18

65

Tradeweb

Markets,

Inc.

,

Class

-

A

(

Capital

Markets

)

....................

7

34

TransDigm

Group,

Inc.

(

Aerospace

&

Defense

)

....................

42

116

TransUnion

(

Professional

Services

)

.....

9

143

Trimble,

Inc.

(

Electronic

Equipment,

Instruments

&

Components

)

(a)

....

9

825

Truist

Financial

Corp.

(

Banks

)

.........

32

93

Twilio,

Inc.

,

Class

-

A

(

IT

Services

)

(a)

...

6

27

Tyler

Technologies,

Inc.

(

Software

)

(a)

...

11

184

Tyson

Foods,

Inc.

,

Class

-

A

(

Food

Products

)

11

942

U.S.

Bancorp

(

Banks

)

...............

42

1,119

Uber

Technologies,

Inc.

(

Ground

Transportation

)

(a)

.............

86

175

UDR,

Inc.

(

Residential

REITs

)

........

7

59

U-Haul

Holding

Co.

(

Ground

Transportation

)

...............

4

230

UiPath,

Inc.

,

Class

-

A

(

Software

)

(a)

....

5

30

Ulta

Beauty,

Inc.

(

Specialty

Retail

)

(a)

...

16

370

Union

Pacific

Corp.

(

Ground

Transportation

)

...............

91

441

United

Parcel

Service,

Inc.

,

Class

-

B

(

Air

Freight

&

Logistics

)

............

66

42

United

Rentals,

Inc.

(

Trading

Companies

&

Distributors

)

.................

30

27

United

Therapeutics

Corp.

(

Biotechnology

)

(a)

.............

6

562

UnitedHealth

Group,

Inc.

(

Health

Care

Providers

&

Services

)

...........

278

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

United

States

(continued)

142

Unity

Software,

Inc.

(

Software

)

(a)

......

$

4

34

Universal

Health

Services,

Inc.

,

Class

-

B

(

Health

Care

Providers

&

Services

)

.

6

25

Vail

Resorts,

Inc.

(

Hotels,

Restaurants

&

Leisure

)

....................

6

204

Valero

Energy

Corp.

(

Oil,

Gas

&

Consumable

Fuels

)

.............

35

94

Veeva

Systems,

Inc.

,

Class

-

A

(

Health

Care

Technology

)

(a)

...............

22

261

Ventas,

Inc.

(

Health

Care

REITs

)

.......

11

130

Veralto

Corp.

(

Commercial

Services

&

Supplies

)

....................

12

54

VeriSign,

Inc.

(

IT

Services

)

(a)

.........

10

89

Verisk

Analytics,

Inc.

(

Professional

Services

)

....................

21

2,555

Verizon

Communications,

Inc.

(

Diversified

Telecommunication

Services

)

.....

107

223

Vertiv

Holdings

Co.

,

Class

-

A

(

Electrical

Equipment

)

..................

18

659

VICI

Properties,

Inc.

(

Specialized

REITs

)

20

954

Visa,

Inc.

,

Class

-

A

(

Financial

Services

)

.

266

199

Vistra

Corp.

(

Independent

Power

and

Renewable

Electricity

Producers

)

..

14

81

Vulcan

Materials

Co.

(

Construction

Materials

)

...................

22

115

W.R.

Berkley

Corp.

(

Insurance

)

........

10

27

W.W.

Grainger,

Inc.

(

Trading

Companies

&

Distributors

)

.................

27

415

Walgreens

Boots

Alliance,

Inc.

(

Consumer

Staples

Distribution

&

Retail

)

.....

9

2,676

Walmart,

Inc.

(

Consumer

Staples

Distribution

&

Retail

)

...........

161

1,469

Warner

Bros.

Discovery,

Inc.

(

Entertainment

)

(a)

.............

13

246

Waste

Management,

Inc.

(

Commercial

Services

&

Supplies

)

...........

52

38

Waters

Corp.

(

Life

Sciences

Tools

&

Services

)

(a)

..................

13

20

Watsco,

Inc.

(

Trading

Companies

&

Distributors

)

.................

9

198

WEC

Energy

Group,

Inc.

(

Multi-Utilities

)

16

2,187

Wells

Fargo

&

Co.

(

Banks

)

...........

127

330

Welltower,

Inc.

(

Health

Care

REITs

)

....

31

44

West

Pharmaceutical

Services,

Inc.

(

Life

Sciences

Tools

&

Services

)

.......

17

183

Western

Digital

Corp.

(

Technology

Hardware,

Storage

&

Peripherals

)

(a)

12

108

Westinghouse

Air

Brake

Technologies

Corp.

(

Machinery

)

.................

16

19

Westlake

Corp.

(

Chemicals

)

..........

3

137

Westrock

Co.

(

Containers

&

Packaging

)

..

7

461

Weyerhaeuser

Co.

(

Specialized

REITs

)

..

17

39

Williams-Sonoma,

Inc.

(

Specialty

Retail

)

.

12

127

Workday,

Inc.

,

Class

-

A

(

Software

)

(a)

...

35

123

WP

Carey,

Inc.

(

Diversified

REITs

)

.....

7

84

HC

CAPITAL

TRUST

The

Catholic

SRI

Growth

Portfolio

Portfolio

of

Investments

(concluded)

—

March

31,

2024

(Unaudited)

As

of

March

31,

2024

,

100%

of

the

Portfolio’s

net

assets

were

managed

by

Mellon

Investments

Corporation.

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

United

States

(continued)

55

Wynn

Resorts

Ltd.

(

Hotels,

Restaurants

&

Leisure

)

....................

$

6

338

Xcel

Energy,

Inc.

(

Electric

Utilities

)

.....

18

150

Xylem,

Inc.

(

Machinery

)

.............

19

174

Yum!

Brands,

Inc.

(

Hotels,

Restaurants

&

Leisure

)

....................

24

30

Zebra

Technologies

Corp.

(

Electronic

Equipment,

Instruments

&

Components

)

(a)

...............

9

80

Zillow

Group,

Inc.

,

Class

-

C

(

Real

Estate

Management

&

Development

)

(a)

...

4

132

Zimmer

Biomet

Holdings,

Inc.

(

Health

Care

Equipment

&

Supplies

)

.........

17

282

Zoetis,

Inc.

(

Pharmaceuticals

)

.........

48

156

Zoom

Video

Communications,

Inc.

,

Class

-

A

(

Software

)

(a)

...............

10

52

Zscaler,

Inc.

(

Software

)

(a)

............

10

24,325

Uruguay

—

0

.12

%

28

MercadoLibre,

Inc.

(

Broadline

Retail

)

(a)

.

42

Total

Common

Stocks

..............

34,786

Warrant

—

0

.00

%

Canada

—

0

.00

%

12

Constellation

Software,

Inc.

,

3/31/40

(

Software

)

(a)

(c)

...............

—

Total

Warrant

...................

—

Investment

Companies

—

0

.10

%

Money

Market

Funds

—

0

.10

%

28,822

Federated

Hermes

Treasury

Obligations

Fund,

Institutional

Shares

,

5

.17

%

^^

(d)

29

6,404

State

Street

Institutional

Treasury

Plus

Money

Market

Fund,

Trust

Class

,

5

.20

%

(d)

....................

6

Total

Investment

Companies

.........

35

Total

Investments

(cost

$

20,598

)

—

99

.81

%

.....................

34,821

Other

assets

in

excess

of

liabilities

—

0

.19

%

......................

67

Net

Assets

-

100.00%

$

34,888

Amounts

designated

as

"—"

are

$0

or

have

been

rounded

to

$0.

^

All

or

part

of

this

security

was

on

loan

as

of

March

31,

2024.

^^

Purchased

with

cash

collateral

held

from

securities

lending.

The

value

of

the

collateral

could

include

collateral

held

for

securities

that

were

sold

on

or

before

March

31,

2024.

(a)

Represents

non-income

producing

security.

(b)

Represents

a

security

purchased

under

Rule

144A

or

Section

4(2)

and

is

exempt

from

registration

under

the

Securities

Act

of

1933,

as

amended,

or

is

otherwise

restricted

to

resale.

Certain

of

these

securities

may

be

resold

in

transactions

exempt

from

registration,

normally

to

qualified

institutional

buyers.

These

securities

have

been

deemed

liquid

by

the

Specialist

Manager.

(c)

Security

was

valued

using

significant

unobservable

inputs

as

of

March

31,

2024.

(d)

Annualized

7-day

yield

as

of

period-end.

ADR—American

Depositary

Receipt

REIT—Real

Estate

Investment

Trust

HC

CAPITAL

TRUST

The

International

Equity

Portfolio

Portfolio

of

Investments

—

March

31,

2024

(Unaudited)

85

Shares

Security

Description

Value

(000)

Common

Stocks

—

87

.88

%

Australia

—

5

.42

%

4,466

Ampol

Ltd.

(

Oil,

Gas

&

Consumable

Fuels

)

$

116

153,655

ANZ

Group

Holdings

Ltd.

(

Banks

)

.....

2,943

21,823

Aristocrat

Leisure

Ltd.

(

Hotels,

Restaurants

&

Leisure

)

...................

611

82,839

Bendigo

&

Adelaide

Bank

Ltd.

(

Banks

)

..

553

85,014

BHP

Group

Ltd.

(

Metals

&

Mining

)

.....

2,441

70,201

BHP

Group

Ltd.

(

Metals

&

Mining

)

.....

2,025

43,919

Commonwealth

Bank

of

Australia

(

Banks

)

3,443

53,824

Fortescue

Ltd.

(

Metals

&

Mining

)

......

901

68,557

Goodman

Group

(

Industrial

REITs

)

.....

1,510

7,899

Macquarie

Group

Ltd.

(

Capital

Markets

)

.

1,028

174,147

National

Australia

Bank

Ltd.

(

Banks

)

....

3,931

41,245

Qantas

Airways

Ltd.

(

Passenger

Airlines

)

(a)

146

55,092

QBE

Insurance

Group

Ltd.

(

Insurance

)

..

651

15,339

Rio

Tinto

Ltd.

(

Metals

&

Mining

)

......

1,217

150,128

Santos

Ltd.

(

Oil,

Gas

&

Consumable

Fuels

)

758

198,921

Scentre

Group

(

Retail

REITs

)

.........

439

18,427

Suncorp

Group

Ltd.

(

Insurance

)

.......

197

562,458

The

Lottery

Corp.

Ltd.

(

Hotels,

Restaurants

&

Leisure

)

...................

1,887

44,996

Treasury

Wine

Estates

Ltd.

(

Beverages

)

..

365

63,839

Wesfarmers

Ltd.

(

Broadline

Retail

)

.....

2,845

148,167

Westpac

Banking

Corp.

(

Banks

)

.......

2,519

28,099

Woodside

Energy

Group

Ltd.

(

Oil,

Gas

&

Consumable

Fuels

)

.............

558

35,740

Worley

Ltd.

(

Construction

&

Engineering

)

390

31,474

Austria

—

0

.22

%

23,927

Erste

Group

Bank

AG

(

Banks

)

........

1,066

4,792

OMV

AG

(

Oil,

Gas

&

Consumable

Fuels

)

227

1,293

Belgium

—

0

.46

%

40,660

Anheuser-Busch

InBev

SA/N.V.

(

Beverages

)

..................

2,476

8,118

Umicore

SA

(

Chemicals

)

............

175

2,651

Canada

—

9

.37

%

30,089

Air

Canada

(

Passenger

Airlines

)

(a)

.....

436

50,883

Alimentation

Couche-Tard,

Inc.

(

Consumer

Staples

Distribution

&

Retail

)

.....

2,904

8,987

AltaGas

Ltd.

(

Gas

Utilities

)

...........

199

45,514

Bank

of

Montreal

(

Banks

)

............

4,443

9,632

CAE,

Inc.

(

Aerospace

&

Defense

)

(a)

....

199

31,854

Cameco

Corp.

(

Oil,

Gas

&

Consumable

Fuels

)

......................

1,379

55,707

Canadian

Natural

Resources

Ltd.

(

Oil,

Gas

&

Consumable

Fuels

)

...........

4,249

3,130

Canadian

Pacific

Kansas

City

Ltd.

(

Ground

Transportation

)

...............

276

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Canada

(continued)

11,085

Canadian

Tire

Corp.

Ltd.

,

Class

-

A

(

Broadline

Retail

)

.............

$

1,106

3,259

CCL

Industries,

Inc.

,

Class

-

B

(

Containers

&

Packaging

)

.................

167

125,033

Cenovus

Energy,

Inc.

(

Oil,

Gas

&

Consumable

Fuels

)

.............

2,500

835

Constellation

Software,

Inc.

(

Software

)

..

2,281

11,192

Dollarama,

Inc.

(

Broadline

Retail

)

......

853

20,879

Enbridge,

Inc.

(

Oil,

Gas

&

Consumable

Fuels

)

......................

755

1,023

Fairfax

Financial

Holdings

Ltd.

(

Insurance

)

1,103

17,917

First

Quantum

Minerals

Ltd.

(

Metals

&

Mining

)

.....................

193

7,691

Franco-Nevada

Corp.

(

Metals

&

Mining

)

.

917

24,142

GFL

Environmental,

Inc.

(

Commercial

Services

&

Supplies

)

...........

833

64,358

Great-West

Lifeco,

Inc.

(

Insurance

)

.....

2,058

27,914

H&R

Real

Estate

Investment

Trust

(

Diversified

REITs

)

............

191

12,464

Hydro

One

Ltd.

(

Electric

Utilities

)

......

364

5,430

Intact

Financial

Corp.

(

Insurance

)

......

882

56,358

Keyera

Corp.

(

Oil,

Gas

&

Consumable

Fuels

)

......................

1,452

2,505

Lumine

Group,

Inc.

(

Software

)

(a)

......

66

28,660

Magna

International,

Inc.

(

Automobile

Components

)

.................

1,561

8,370

Manulife

Financial

Corp.

(

Insurance

)

....

209

15,818

Methanex

Corp.

(

Chemicals

)

..........

705

18,402

National

Bank

of

Canada

(

Banks

)

......

1,550

62,155

Northland

Power,

Inc.

(

Independent

Power

and

Renewable

Electricity

Producers

)

1,016

3,339

Nutrien

Ltd.

(

Chemicals

)

............

181

1,796

Onex

Corp.

(

Capital

Markets

)

.........

135

7,732

Pembina

Pipeline

Corp.

(

Oil,

Gas

&

Consumable

Fuels

)

.............

273

66,482

Power

Corp.

of

Canada

(

Insurance

)

.....

1,864

6,978

Primaris

Real

Estate

Investment

Trust

(

Retail

REITs

)

................

72

1,726

Restaurant

Brands

International,

Inc.

(

Hotels,

Restaurants

&

Leisure

)

....

137

67,963

RioCan

Real

Estate

Investment

Trust

(

Retail

REITs

)

.....................

927

11,932

Royal

Bank

of

Canada

(

Banks

)

........

1,204

52,851

Shopify,

Inc.

,

Class

-

A

(

IT

Services

)

(a)

..

4,077

52,951

Sun

Life

Financial,

Inc.

(

Insurance

)

.....

2,890

5,745

Suncor

Energy,

Inc.

(

Oil,

Gas

&

Consumable

Fuels

)

.............

212

18,439

Teck

Resources

Ltd.

,

Class

-

B

(

Metals

&

Mining

)

.....................

844

72,937

TELUS

Corp.

(

Diversified

Telecommunication

Services

)

.....

1,167

12,498

The

Toronto-Dominion

Bank

(

Banks

)

...

754

22,457

Thomson

Reuters

Corp.

(

Professional

Services

)

....................

3,495

86

HC

CAPITAL

TRUST

The

International

Equity

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Canada

(continued)

28,308

Wheaton

Precious

Metals

Corp.

(

Metals

&

Mining

)

.....................

$

1,333

54,412

Denmark

—

3

.25

%

2,246

DSV

A/S

(

Air

Freight

&

Logistics

)

.....

365

7,565

Genmab

A/S

(

Biotechnology

)

(a)

.......

2,281

127,453

Novo

Nordisk

A/S

,

Class

-

B

(

Pharmaceuticals

)

.............

16,248

18,894

Finland

—

0

.57

%

4,385

Mandatum

Oyj

(

Insurance

)

(a)

.........

20

178,699

Nordea

Bank

Abp

(

Banks

)

...........

1,990

3,545

Orion

Oyj

,

Class

-

B

(

Pharmaceuticals

)

..

132

4,385

Sampo

Oyj

,

A

Shares

(

Insurance

)

......

187

44,232

Stora

Enso

Oyj

,

Registered

Shares

(

Paper

&

Forest

Products

)

...............

615

10,204

UPM-Kymmene

Oyj

(

Paper

&

Forest

Products

)

....................

340

3,284

France

—

9

.86

%

2,230

Aeroports

de

Paris

SA

(

Transportation

Infrastructure

)

................

306

21,951

Air

Liquide

SA

(

Chemicals

)

..........

4,566

23,149

Airbus

SE

(

Aerospace

&

Defense

)

......

4,263

47,723

AXA

SA

(

Insurance

)

...............

1,792

46,563

BNP

Paribas

SA

(

Banks

)

.............

3,308

4,957

Bouygues

SA

(

Construction

&

Engineering

)

202

1,044

Capgemini

SE

(

IT

Services

)

..........

240

3,697

Cie

de

Saint-Gobain

SA

(

Building

Products

)

287

99,973

Credit

Agricole

SA

(

Banks

)

...........

1,490

6,505

Dassault

Systemes

SE

(

Software

)

......

288

1,749

Eiffage

SA

(

Construction

&

Engineering

)

.

198

25,532

Engie

SA

(

Multi-Utilities

)

............

427

18,607

EssilorLuxottica

SA

(

Health

Care

Equipment

&

Supplies

)

.........

4,209

2,933

Eurazeo

SE

(

Financial

Services

)

.......

257

1,233

Gecina

SA

(

Office

REITs

)

............

126

2,454

Hermes

International

SCA

(

Textiles,

Apparel

&

Luxury

Goods

)

..............

6,263

10,109

L'Oreal

SA

(

Personal

Care

Products

)

....

4,783

5,264

LVMH

Moet

Hennessy

Louis

Vuitton

SE

(

Textiles,

Apparel

&

Luxury

Goods

)

4,734

5,232

Pernod

Ricard

SA

(

Beverages

)

........

846

8,075

Publicis

Groupe

SA

(

Media

)

..........

880

7,261

Renault

SA

(

Automobiles

)

...........

367

35,572

Sanofi

SA

(

Pharmaceuticals

)

..........

3,490

34,976

Schneider

Electric

SE

(

Electrical

Equipment

)

..................

7,911

98,039

Societe

Generale

SA

(

Banks

)

.........

2,624

4,176

Thales

SA

(

Aerospace

&

Defense

)

......

712

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

France

(continued)

23,129

TotalEnergies

SE

(

Oil,

Gas

&

Consumable

Fuels

)

......................

$

1,584

7,086

Unibail-Rodamco-Westfield

(

Retail

REITs

)

(a)

...................

569

15,933

Veolia

Environnement

SA

(

Multi-Utilities

)

518

57,240

Germany

—

6

.79

%

13,053

adidas

AG

(

Textiles,

Apparel

&

Luxury

Goods

)

.....................

2,915

10,077

Allianz

SE

,

Registered

Shares

(

Insurance

)

3,020

1,793

Bayerische

Motoren

Werke

AG

(

Automobiles

)

................

207

1,065

Beiersdorf

AG

(

Personal

Care

Products

)

..

155

33,975

Commerzbank

AG

(

Banks

)

...........

467

2,692

Covestro

AG

(

Chemicals

)

(a)

..........

147

1,439

Daimler

Truck

Holding

AG

(

Machinery

)

.

73

113,622

Deutsche

Bank

AG

,

Registered

Shares

(

Capital

Markets

)

..............

1,787

21,575

Deutsche

Boerse

AG

(

Capital

Markets

)

..

4,414

69,579

Deutsche

Post

AG

(

Air

Freight

&

Logistics

)

2,996

128,506

Deutsche

Telekom

AG

(

Diversified

Telecommunication

Services

)

.....

3,119

5,615

Fraport

AG

Frankfurt

Airport

Services

Worldwide

(

Transportation

Infrastructure

)

(a)

..............

296

6,983

GEA

Group

AG

(

Machinery

)

.........

295

1,115

Hannover

Rueck

SE

(

Insurance

)

.......

305

82,230

Infineon

Technologies

AG

(

Semiconductors

&

Semiconductor

Equipment

)

.....

2,795

2,540

Muenchener

Rueckversicherungs-

Gesellschaft

AG

in

Muenchen

,

Registered

Shares

(

Insurance

)

.....

1,239

18,514

RWE

AG

(

Independent

Power

and

Renewable

Electricity

Producers

)

..

628

36,196

SAP

SE

(

Software

)

.................

7,046

1,461

Sartorius

AG

,

Preference

Shares

(

Life

Sciences

Tools

&

Services

)

.......

581

28,228

Siemens

AG

,

Registered

Shares

(

Industrial

Conglomerates

)

...............

5,388

6,087

Symrise

AG

(

Chemicals

)

............

729

6,109

Volkswagen

AG

,

Preference

Shares

(

Automobiles

)

................

809

39,411

Hong

Kong

—

0

.95

%

483,480

AIA

Group

Ltd.

(

Insurance

)

..........

3,247

75,055

BOC

Hong

Kong

Holdings

Ltd.

(

Banks

)

.

201

334,000

China

Common

Rich

Renewable

Energy

Investment

Ltd.

(

Independent

Power

and

Renewable

Electricity

Producers

)

(b)

.................

—

98,500

CK

Asset

Holdings

Ltd.

(

Real

Estate

Management

&

Development

)

.....

405

73,000

Galaxy

Entertainment

Group

Ltd.

(

Hotels,

Restaurants

&

Leisure

)

..........

367

87

HC

CAPITAL

TRUST

The

International

Equity

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Hong

Kong

(continued)

6,300

Jardine

Matheson

Holdings

Ltd.

(

Industrial

Conglomerates

)

...............

$

235

41,917

Link

REIT

(

Retail

REITs

)

............

180

186,500

MTR

Corp.

Ltd.

(

Ground

Transportation

)

.

615

14,472

Pacific

Century

Premium

Developments

Ltd.

(

Real

Estate

Management

&

Development

)

(a)

..............

—

121,391

PCCW

Ltd.

(

Diversified

Telecommunication

Services

)

....................

60

24,000

Swire

Pacific

Ltd.

,

Class

-

A

(

Real

Estate

Management

&

Development

)

.....

197

5,507

Ireland

(Republic

of)

—

1

.38

%

8,728

AerCap

Holdings

N.V.

(

Trading

Companies

&

Distributors

)

(a)

.............

759

332,317

Bank

of

Ireland

Group

PLC

(

Banks

)

....

3,388

24,053

CRH

PLC

(

Construction

Materials

)

.....

2,072

25,494

Experian

PLC

(

Professional

Services

)

...

1,111

16,821

James

Hardie

Industries

PLC

(

Construction

Materials

)

(a)

.................

675

8,005

Israel

—

0

.34

%

862

CyberArk

Software

Ltd.

(

Software

)

(a)

...

229

6,703

Nice

Ltd.

,

ADR

(

Software

)

(a)

.........

1,747

1,976

Italy

—

1

.67

%

69,888

Assicurazioni

Generali

SpA

(

Insurance

)

..

1,769

47,935

Enel

SpA

(

Electric

Utilities

)

..........

316

1,561

Ferrari

N.V.

(

Automobiles

)

...........

680

157,139

Intesa

Sanpaolo

SpA

(

Banks

)

.........

570

7,820

Iveco

Group

N.V.

(

Machinery

)

(a)

......

116

168,665

Mediobanca

Banca

di

Credito

Finanziario

SpA

(

Banks

)

.................

2,514

7,356

Moncler

SpA

(

Textiles,

Apparel

&

Luxury

Goods

)

.....................

549

166,391

Nexi

SpA

(

Financial

Services

)

(a)

.......

1,054

9,459

Poste

Italiane

SpA

(

Insurance

)

.........

118

104,597

Snam

SpA

(

Gas

Utilities

)

............

494

180,455

Terna

-

Rete

Elettrica

Nazionale

(

Electric

Utilities

)

....................

1,491

9,671

Japan

—

18

.16

%

8,800

Advantest

Corp.

(

Semiconductors

&

Semiconductor

Equipment

)

.......

389

6,845

AGC,

Inc.

(

Building

Products

)

........

248

4,500

Aisin

Corp.

(

Automobile

Components

)

..

183

27,300

Ajinomoto

Co.,

Inc.

(

Food

Products

)

....

1,016

15,300

Amada

Co.

Ltd.

(

Machinery

)

.........

174

6,100

Asahi

Group

Holdings

Ltd.

(

Beverages

)

..

223

84,700

Astellas

Pharma,

Inc.

(

Pharmaceuticals

)

..

909

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Japan

(continued)

3,900

Azbil

Corp.

(

Electronic

Equipment,

Instruments

&

Components

)

......

$

107

21,100

Bandai

Namco

Holdings,

Inc.

(

Leisure

Products

)

....................

390

15,200

Bridgestone

Corp.

(

Automobile

Components

)

.................

672

38,300

Canon,

Inc.

(

Technology

Hardware,

Storage

&

Peripherals

)

................

1,139

8,600

Capcom

Co.

Ltd.

(

Entertainment

)

......

161

293,700

Concordia

Financial

Group

Ltd.

(

Banks

)

.

1,473

178,200

CyberAgent,

Inc.

(

Media

)

............

1,293

13,388

Dai

Nippon

Printing

Co.

Ltd.

(

Commercial

Services

&

Supplies

)

...........

409

58,800

Daifuku

Co.

Ltd.

(

Machinery

)

.........

1,402

40,900

Dai-ichi

Life

Holdings,

Inc.

(

Insurance

)

..

1,040

1,279

Daito

Trust

Construction

Co.

Ltd.

(

Real

Estate

Management

&

Development

)

146

15,550

Daiwa

House

Industry

Co.

Ltd.

(

Real

Estate

Management

&

Development

)

.....

461

12,000

Denso

Corp.

(

Automobile

Components

)

..

229

4,800

Dentsu

Group,

Inc.

(

Media

)

..........

133

3,900

Fuji

Electric

Co.

Ltd.

(

Electrical

Equipment

)

260

25,200

FUJIFILM

Holdings

Corp.

(

Technology

Hardware,

Storage

&

Peripherals

)

..

564

109,000

Fujitsu

Ltd.

(

IT

Services

)

............

1,741

37,100

Hitachi

Ltd.

(

Industrial

Conglomerates

)

..

3,372

12,900

Honda

Motor

Co.

Ltd.

(

Automobiles

)

...

159

20,700

Hoya

Corp.

(

Health

Care

Equipment

&

Supplies

)

....................

2,576

39,100

Inpex

Corp.

(

Oil,

Gas

&

Consumable

Fuels

)

594

22,100

Isetan

Mitsukoshi

Holdings

Ltd.

(

Broadline

Retail

)

......................

358

21,000

Isuzu

Motors

Ltd.

(

Automobiles

)

.......

283

92,317

ITOCHU

Corp.

(

Trading

Companies

&

Distributors

)

.................

3,943

6,000

Japan

Airlines

Co.

Ltd.

(

Passenger

Airlines

)

114

70,600

Japan

Exchange

Group,

Inc.

(

Capital

Markets

)

....................

1,905

8,300

Japan

Post

Insurance

Co.

Ltd.

(

Insurance

)

158

5,554

JSR

Corp.

(

Chemicals

)

..............

159

9,200

Kawasaki

Heavy

Industries

Ltd.

(

Machinery

)

.................

301

101,200

KDDI

Corp.

(

Wireless

Telecommunication

Services

)

....................

2,987

6,100

Keyence

Corp.

(

Electronic

Equipment,

Instruments

&

Components

)

......

2,825

22,000

Kikkoman

Corp.

(

Food

Products

)

......

281

6,345

Komatsu

Ltd.

(

Machinery

)

...........

187

11,600

Kyoto

Financial

Group,

Inc.

(

Banks

)

....

209

6,000

Lasertec

Corp.

(

Semiconductors

&

Semiconductor

Equipment

)

.......

1,702

22,200

Makita

Corp.

(

Machinery

)

...........

627

63,300

Marubeni

Corp.

(

Trading

Companies

&

Distributors

)

.................

1,092

171,435

Mitsubishi

Corp.

(

Trading

Companies

&

Distributors

)

.................

3,945

88

HC

CAPITAL

TRUST

The

International

Equity

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Japan

(continued)

34,200

Mitsubishi

Estate

Co.

Ltd.

(

Real

Estate

Management

&

Development

)

.....

$

620

97,000

Mitsubishi

Heavy

Industries

Ltd.

(

Machinery

)

.................

875

432,200

Mitsubishi

UFJ

Financial

Group,

Inc.

(

Banks

)

.....................

4,383

131,788

Mitsui

&

Co.

Ltd.

(

Trading

Companies

&

Distributors

)

.................

6,132

108,300

Mitsui

Fudosan

Co.

Ltd.

(

Real

Estate

Management

&

Development

)

.....

1,162

12,600

Mitsui

O.S.K.

Lines

Ltd.

(

Marine

Transportation

)

...............

384

109,800

Murata

Manufacturing

Co.

Ltd.

(

Electronic

Equipment,

Instruments

&

Components

)

.................

2,056

14,700

NEC

Corp.

(

IT

Services

)

.............

1,070

20,000

Nexon

Co.

Ltd.

(

Entertainment

)

.......

332

19,200

Nikon

Corp.

(

Household

Durables

)

.....

193

5,800

NIPPON

EXPRESS

HOLDINGS,

Inc.

(

Air

Freight

&

Logistics

)

............

295

6,300

Nippon

Sanso

Holdings

Corp.

(

Chemicals

)

197

30,800

Nippon

Steel

Corp.

(

Metals

&

Mining

)

..

738

910,000

Nippon

Telegraph

&

Telephone

Corp.

(

Diversified

Telecommunication

Services

)

....................

1,082

66,500

Nissan

Motor

Co.

Ltd.

(

Automobiles

)

...

262

17,800

Nomura

Research

Institute

Ltd.

(

IT

Services

)

....................

501

1,800

Obic

Co.

Ltd.

(

IT

Services

)

...........

271

79,400

Odakyu

Electric

Railway

Co.

Ltd.

(

Ground

Transportation

)

...............

1,092

104,100

Olympus

Corp.

(

Health

Care

Equipment

&

Supplies

)

....................

1,495

10,400

Omron

Corp.

(

Electronic

Equipment,

Instruments

&

Components

)

......

370

10,800

ORIX

Corp.

(

Financial

Services

)

.......

235

12,700

Pan

Pacific

International

Holdings

Corp.

(

Broadline

Retail

)

.............

336

156,600

Panasonic

Holdings

Corp.

(

Household

Durables

)

...................

1,488

243,800

Rakuten

Group,

Inc.

(

Broadline

Retail

)

..

1,379

22,400

Rohm

Co.

Ltd.

(

Semiconductors

&

Semiconductor

Equipment

)

.......

357

15,300

SBI

Holdings,

Inc.

(

Capital

Markets

)

....

400

35,552

Sekisui

House

Ltd.

(

Household

Durables

)

807

17,000

Shin-Etsu

Chemical

Co.

Ltd.

(

Chemicals

)

742

37,400

Shiseido

Co.

Ltd.

(

Personal

Care

Products

)

1,020

38,400

Sompo

Holdings,

Inc.

(

Insurance

)

......

802

7,100

Sony

Group

Corp.

(

Household

Durables

)

.

607

28,800

Square

Enix

Holdings

Co.

Ltd.

(

Entertainment

)

...............

1,108

18,800

Subaru

Corp.

(

Automobiles

)

..........

426

30,300

SUMCO

Corp.

(

Semiconductors

&

Semiconductor

Equipment

)

.......

477

14,148

Sumitomo

Mitsui

Financial

Group,

Inc.

(

Banks

)

.....................

826

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Japan

(continued)

4,800

Sumitomo

Realty

&

Development

Co.

Ltd.

(

Real

Estate

Management

&

Development

)

................

$

178

8,500

T&D

Holdings,

Inc.

(

Insurance

)

.......

147

25,000

Takeda

Pharmaceutical

Co.

Ltd.

(

Pharmaceuticals

)

.............

694

22,400

The

Chiba

Bank

Ltd.

(

Banks

)

.........

186

29,700

Tokio

Marine

Holdings,

Inc.

(

Insurance

)

.

927

80,800

Tokyo

Electric

Power

Co.

Holdings,

Inc.

(

Electric

Utilities

)

(a)

...........

490

26,400

Tokyo

Electron

Ltd.

(

Semiconductors

&

Semiconductor

Equipment

)

.......

6,848

25,700

Tokyu

Fudosan

Holdings

Corp.

(

Real

Estate

Management

&

Development

)

.....

207

21,300

TOTO

Ltd.

(

Building

Products

)

........

596

17,900

Toyota

Industries

Corp.

(

Machinery

)

....

1,858

485,000

Toyota

Motor

Corp.

(

Automobiles

)

.....

12,195

6,770

Toyota

Tsusho

Corp.

(

Trading

Companies

&

Distributors

)

.................

462

17,027

Trend

Micro,

Inc.

(

Software

)

..........

862

46,400

Unicharm

Corp.

(

Household

Products

)

...

1,477

20,300

Welcia

Holdings

Co.

Ltd.

(

Consumer

Staples

Distribution

&

Retail

)

.....

345

39,000

Yakult

Honsha

Co.

Ltd.

(

Food

Products

)

.

797

5,700

ZOZO,

Inc.

(

Specialty

Retail

)

.........

141

105,469

Luxembourg

—

0

.49

%

27,423

ArcelorMittal

SA

(

Metals

&

Mining

)

....

753

2,992

Eurofins

Scientific

SE

(

Life

Sciences

Tools

&

Services

)

..................

191

96,377

Tenaris

SA

(

Energy

Equipment

&

Services

)

1,904

2,848

Netherlands

—

3

.95

%

57,506

ABN

AMRO

Bank

N.V.

(

Banks

)

.......

983

73,595

Aegon

Ltd.

(

Insurance

)

..............

449

24,788

Akzo

Nobel

N.V.

(

Chemicals

)

.........

1,850

728

Argenx

SE

(

Biotechnology

)

(a)

........

287

10,915

ASML

Holding

N.V.

(

Semiconductors

&

Semiconductor

Equipment

)

.......

10,506

4,144

EXOR

N.V.

(

Financial

Services

)

.......

461

14,622

ING

Groep

N.V.

(

Banks

)

.............

240

61,918

Koninklijke

Ahold

Delhaize

N.V.

(

Consumer

Staples

Distribution

&

Retail

)

.....

1,851

41,503

Prosus

N.V.

(

Broadline

Retail

)

.........

1,302

12,879

QIAGEN

N.V.

(

Life

Sciences

Tools

&

Services

)

....................

551

87,671

Stellantis

N.V.

(

Automobiles

)

.........

2,491

1,552

Topicus.com,

Inc.

(

Software

)

..........

139

11,488

Wolters

Kluwer

N.V.

(

Professional

Services

)

1,799

22,909

89

HC

CAPITAL

TRUST

The

International

Equity

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

New

Zealand

—

0

.19

%

198,179

Auckland

International

Airport

Ltd.

(

Transportation

Infrastructure

)

.....

$

989

31,069

Spark

New

Zealand

Ltd.

(

Diversified

Telecommunication

Services

)

.....

88

1,077

Norway

—

0

.52

%

11,596

DNB

Bank

ASA

(

Banks

)

............

230

105,375

Equinor

ASA

(

Oil,

Gas

&

Consumable

Fuels

)

......................

2,781

3,011

Portugal

—

0

.23

%

338,113

EDP

-

Energias

de

Portugal

SA

(

Electric

Utilities

)

....................

1,317

Singapore

—

0

.64

%

232,772

CapitaLand

Ascendas

REIT

(

Industrial

REITs

)

.....................

478

175,970

CapitaLand

Integrated

Commercial

Trust

(

Retail

REITs

)

................

258

58,000

CapitaLand

Investment

Ltd.

(

Real

Estate

Management

&

Development

)

.....

115

149,100

City

Developments

Ltd.

(

Real

Estate

Management

&

Development

)

.....

646

57,800

DBS

Group

Holdings

Ltd.

(

Banks

)

.....

1,543

14,500

Oversea-Chinese

Banking

Corp.

Ltd.

(

Banks

)

.....................

145

58,700

Singapore

Airlines

Ltd.

(

Passenger

Airlines

)

278

18,700

Singapore

Exchange

Ltd.

(

Capital

Markets

)

128

6,600

United

Overseas

Bank

Ltd.

(

Banks

)

.....

143

3,734

South

Africa

—

0

.01

%

4,663

Thungela

Resources

Ltd.

(

Oil,

Gas

&

Consumable

Fuels

)

.............

30

South

Korea

—

0

.05

%

4,504

Samsung

Electronics

Co.

Ltd.

(

Technology

Hardware,

Storage

&

Peripherals

)

..

270

Spain

—

2

.35

%

8,052

Acciona

SA

(

Electric

Utilities

)

........

980

4,412

ACS

Actividades

de

Construccion

y

Servicios

SA

(

Construction

&

Engineering

)

.................

185

1,451

Aena

SME

SA

(

Transportation

Infrastructure

)

................

286

10,177

Amadeus

IT

Group

SA

(

Hotels,

Restaurants

&

Leisure

)

...................

653

620,640

Banco

Bilbao

Vizcaya

Argentaria

SA

(

Banks

)

.....................

7,390

28,433

Bankinter

SA

(

Banks

)

...............

208

62,673

CaixaBank

SA

(

Banks

)

..............

304

246,056

Iberdrola

SA

(

Electric

Utilities

)

........

3,051

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Spain

(continued)

11,872

Naturgy

Energy

Group

SA

(

Gas

Utilities

)

.

$

257

17,963

Repsol

SA

(

Oil,

Gas

&

Consumable

Fuels

)

299

13,613

Sweden

—

1

.56

%

1,283

Alleima

AB

(

Metals

&

Mining

)

........

9

10,590

Assa

Abloy

AB

,

Class

-

B

(

Building

Products

)

....................

304

90,968

Atlas

Copco

AB

,

Class

-

A

(

Machinery

)

..

1,537

59,272

Atlas

Copco

AB

,

Class

-

B

(

Machinery

)

..

876

34,078

Essity

AB

,

Class

-

B

(

Household

Products

)

809

11,977

Securitas

AB

,

Class

-

B

(

Commercial

Services

&

Supplies

)

...........

124

51,934

Skandinaviska

Enskilda

Banken

AB

,

Class

-

A

(

Banks

)

...................

703

32,522

Swedbank

AB

,

Class

-

A

(

Banks

)

.......

645

107,860

Tele2

AB

,

B

shares

(

Wireless

Telecommunication

Services

)

.....

886

117,701

Volvo

AB

,

Class

-

B

(

Machinery

)

......

3,190

9,083

Switzerland

—

8

.56

%

135,931

ABB

Ltd.

,

Registered

Shares

(

Electrical

Equipment

)

..................

6,315

6,796

Accelleron

Industries

AG

(

Electrical

Equipment

)

..................

255

8,475

Alcon,

Inc.

(

Health

Care

Equipment

&

Supplies

)

....................

702

1,838

Baloise

Holding

AG

,

Registered

Shares

(

Insurance

)

..................

288

679

Barry

Callebaut

AG

,

Registered

Shares

(

Food

Products

)

...............

986

44

Chocoladefabriken

Lindt

&

Spruengli

AG

,

Class

-

PC

(

Food

Products

)

.......

527

19,821

Cie

Financiere

Richemont

SA

,

Registered

Shares

(

Textiles,

Apparel

&

Luxury

Goods

)

.....................

3,022

13,970

Coca-Cola

HBC

AG

(

Beverages

)

.......

441

16,029

DSM-Firmenich

AG

(

Chemicals

)

......

1,822

387,007

Glencore

PLC

(

Metals

&

Mining

)

......

2,126

5,080

Kuehne

+

Nagel

International

AG

,

Registered

Shares

(

Marine

Transportation

)

...............

1,414

4,844

Logitech

International

SA

,

Registered

Shares

(

Technology

Hardware,

Storage

&

Peripherals

)

................

434

4,467

Lonza

Group

AG

,

Registered

Shares

(

Life

Sciences

Tools

&

Services

)

.......

2,676

8,432

Medacta

Group

SA

(

Health

Care

Equipment

&

Supplies

)

..................

1,145

74,089

Nestle

SA

,

Registered

Shares

(

Food

Products

)

....................

7,868

67,717

Novartis

AG

,

Registered

Shares

(

Pharmaceuticals

)

.............

6,561

441

Partners

Group

Holding

AG

(

Capital

Markets

)

....................

630

90

HC

CAPITAL

TRUST

The

International

Equity

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Switzerland

(continued)

12,047

Roche

Holding

AG

(

Pharmaceuticals

)

...

$

3,069

13,543

Sandoz

Group

AG

(

Pharmaceuticals

)

(a)

..

409

2,775

SGS

SA

,

Registered

Shares

(

Professional

Services

)

....................

269

491

Sonova

Holding

AG

(

Health

Care

Equipment

&

Supplies

)

.........

142

1,212

Swisscom

AG

,

Registered

Shares

(

Diversified

Telecommunication

Services

)

....................

741

1,098

The

Swatch

Group

AG

,

Class

-

BR

(

Textiles,

Apparel

&

Luxury

Goods

)

.......

255

191,523

UBS

Group

AG

(

Capital

Markets

)

......

5,892

3,139

Zurich

Insurance

Group

AG

(

Insurance

)

..

1,693

49,682

United

Kingdom

—

10

.17

%

38,163

3i

Group

PLC

(

Capital

Markets

)

.......

1,353

5,633

Admiral

Group

PLC

(

Insurance

)

.......

202

24,674

Anglo

American

PLC

(

Metals

&

Mining

)

.

608

17,119

Ashtead

Group

PLC

(

Trading

Companies

&

Distributors

)

.................

1,218

53,176

AstraZeneca

PLC

(

Pharmaceuticals

)

....

7,165

31,506

Auto

Trader

Group

PLC

(

Interactive

Media

&

Services

)

..................

278

221,258

Aviva

PLC

(

Insurance

)

..............

1,387

121,738

BAE

Systems

PLC

(

Aerospace

&

Defense

)

2,073

95,739

BP

PLC

(

Oil,

Gas

&

Consumable

Fuels

)

.

599

51,346

British

American

Tobacco

PLC

(

Tobacco

)

1,559

12,788

Bunzl

PLC

(

Trading

Companies

&

Distributors

)

.................

492

28,382

Burberry

Group

PLC

(

Textiles,

Apparel

&

Luxury

Goods

)

...............

434

10,781

Coca-Cola

Europacific

Partners

PLC

(

Beverages

)

..................

754

68,973

Compass

Group

PLC

(

Hotels,

Restaurants

&

Leisure

)

....................

2,022

38,420

Diageo

PLC

(

Beverages

)

............

1,418

38,064

Entain

PLC

(

Hotels,

Restaurants

&

Leisure

)

383

176,859

Haleon

PLC

(

Personal

Care

Products

)

...

743

223,327

HSBC

Holdings

PLC

(

Banks

)

.........

1,744

90,451

Imperial

Brands

PLC

(

Tobacco

)

.......

2,020

242,896

Informa

PLC

(

Media

)

...............

2,548

6,566

InterContinental

Hotels

Group

PLC

(

Hotels,

Restaurants

&

Leisure

)

..........

683

480,645

J

Sainsbury

PLC

(

Consumer

Staples

Distribution

&

Retail

)

...........

1,640

114,719

Kingfisher

PLC

(

Specialty

Retail

)

......

361

18,851

Land

Securities

Group

PLC

(

Diversified

REITs

)

.....................

157

152,198

Legal

&

General

Group

PLC

(

Insurance

)

.

489

129,651

National

Grid

PLC

(

Multi-Utilities

)

.....

1,744

4,989

Next

PLC

(

Broadline

Retail

)

..........

581

16,942

Pearson

PLC

(

Diversified

Consumer

Services

)

....................

223

56,944

RELX

PLC

(

Professional

Services

)

.....

2,460

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

United

Kingdom

(continued)

66,751

Rio

Tinto

PLC

(

Metals

&

Mining

)

......

$

4,226

7,432

Severn

Trent

PLC

(

Water

Utilities

)

.....

232

298,341

Shell

PLC

(

Oil,

Gas

&

Consumable

Fuels

)

9,883

100,164

Smith

&

Nephew

PLC

(

Health

Care

Equipment

&

Supplies

)

.........

1,253

12,142

Smiths

Group

PLC

(

Industrial

Conglomerates

)

...............

252

44,660

SSE

PLC

(

Electric

Utilities

)

..........

930

33,934

The

Sage

Group

PLC

(

Software

)

.......

542

18,373

The

Weir

Group

PLC

(

Machinery

)

......

469

55,598

Unilever

PLC

(

Personal

Care

Products

)

..

2,789

10,568

United

Utilities

Group

PLC

(

Water

Utilities

)

137

4,958

Whitbread

PLC

(

Hotels,

Restaurants

&

Leisure

)

....................

207

87,061

WPP

PLC

(

Media

)

.................

828

59,086

United

States

—

0

.72

%

8,324

Linde

PLC

(

Chemicals

)

.............

3,847

4,162

RB

Global,

Inc.

(

Commercial

Services

&

Supplies

)

....................

317

4,164

Total

Common

Stocks

..............

510,111

Warrant

—

0

.00

%

Canada

—

0

.00

%

835

Constellation

Software,

Inc.

,

3/31/40

(

Software

)

(a)

(b)

...............

—

Total

Warrant

...................

—

Investment

Companies

—

9

.05

%

International

Equity

Funds

—

8

.13

%

257,015

iShares

Core

MSCI

EAFE

ETF

........

19,076

560,104

Vanguard

FTSE

Developed

Markets

ETF

.

28,100

47,176

Money

Market

Funds

—

0

.92

%

5,365,394

State

Street

Institutional

Treasury

Plus

Money

Market

Fund,

Trust

Class

,

5

.20

%

(c)

....................

5,365

5,365

Total

Investment

Companies

.........

52,541

Purchased

Options

on

Futures

—

0.00%

Total

Purchased

Options

on

Futures

...

24

91

HC

CAPITAL

TRUST

The

International

Equity

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

The

following

table

reflects

the

percentage

of

total

net

assets

of

the

Portfolio

attributable

to

each

Specialist

Manager

as

of

March

31,

2024

.

Amounts

designated

as

"—"

indicate

the

Specialist

Manager

did

not

manage

any

holdings

in

that

category. 

Security

Description

Value

(000)

Total

Investments

(cost

$

299,910

)

—

96

.93

%

.....................

$

562,676

Other

assets

in

excess

of

liabilities

—

3

.07

%

......................

17,835

Net

Assets

-

100.00%

$

580,511

Amounts

designated

as

"—"

are

$0

or

have

been

rounded

to

$0.

(a)

Represents

non-income

producing

security.

(b)

Security

was

valued

using

significant

unobservable

inputs

as

of

March

31,

2024.

(c)

Annualized

7-day

yield

as

of

period-end.

ADR—American

Depositary

Receipt

ETF—Exchange-Traded

Fund

REIT—Real

Estate

Investment

Trust

The

International

Equity

Portfolio

Monashee

Investment

Management,

LLC

Parametric

Portfolio

Associates,

LLC

Total

Common

Stocks

.......................................................................................................................................................

—

87.88

%

87.88

%

Warrant

....................................................................................................................................................................

—

0.00

%

0.00

%

Investment

Companies

.............................................................................................................................................

8.22

%

0.83

%

9.05

%

Purchased

Options

on

Futures

.................................................................................................................................

0.00

%

—

0.00

%

Other

Assets

(Liabilities)

.........................................................................................................................................

2.03

%

1.04

%

3.07

%

Total

Net

Assets

..................................................................................................................................................

10.25

%

89.75

%

100.00

%

The

following

table

reflects

the

open

derivative

positions

held

by

the

Portfolio

as

of

March

31,

2024

.

Futures

Contracts

Purchased

*

Description

Number

of

Contracts

Expiration

Date

Notional

Amount

(000)

Value

and

Unrealized

Appreciation/

(Depreciation)

(000)

MSCI

EAFE

Index

Future

.......................

131

6/21/24

$

15,439

$

(

7

)

$

15,439

$

(

7

)

The

following

table

reflects

the

open

derivative

positions

held

by

the

Portfolio

as

of

March

31,

2024

.

Futures

Contracts

Sold

*

Description

Number

of

Contracts

Expiration

Date

Notional

Amount

(000)

Value

and

Unrealized

Appreciation/

(Depreciation)

(000)

E-Mini

S&P

500

Future

.........................

16

6/21/24

$

4,247

$

(

62

)

$

4,247

$

(

62

)

Total

Unrealized

Appreciation

.....................

$

—

Total

Unrealized

Depreciation

.....................

(

69

)

Total

Net

Unrealized

Appreciation/(Depreciation)

.......

$

(

69

)

*

Cash

has

been

pledged

as

collateral

for

futures

contracts

held

by

the

Portfolio.

92

HC

CAPITAL

TRUST

The

International

Equity

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Options

on

Futures

Contracts

Exchange-traded

options

on

futures

contacts

written

as

of

March

31,

2024

were

as

follows:

Description

Put/Call

Number

of

Contracts

Notional

Amount

(000)

Exercise

Price

Expiration

Date

Value

(000)

E-Mini

S&P

500

Future

Option

.............

Put

3

$

780

$

5,200.00

4/19/24

$

(

3

)

E-Mini

S&P

500

Future

Option

.............

Put

10

2,200

4,400.00

4/19/24

(

1

)

E-Mini

S&P

500

Future

Option

.............

Put

11

2,434

4,425.00

4/19/24

(

1

)

E-Mini

S&P

500

Future

Option

.............

Put

7

1,558

4,450.00

4/19/24

(

1

)

E-Mini

S&P

500

Future

Option

.............

Put

8

1,800

4,500.00

4/19/24

(

1

)

E-Mini

S&P

500

Future

Option

.............

Put

10

2,263

4,525.00

4/19/24

(

1

)

E-Mini

S&P

500

Future

Option

.............

Put

8

1,730

4,325.00

4/19/24

(

1

)

E-Mini

S&P

500

Future

Option

.............

Put

10

2,175

4,350.00

4/19/24

(

1

)

E-Mini

S&P

500

Future

Option

.............

Put

2

510

5,100.00

4/26/24

(

3

)

E-Mini

S&P

500

Future

Option

.............

Put

3

780

5,200.00

4/30/24

(

5

)

E-Mini

S&P

500

Future

Option

.............

Put

6

1,358

4,525.00

4/30/24

(

1

)

E-Mini

S&P

500

Future

Option

.............

Put

5

1,138

4,550.00

4/30/24

(

1

)

E-Mini

S&P

500

Future

Option

.............

Put

10

2,410

4,820.00

4/30/24

(

2

)

E-Mini

S&P

500

Future

Option

.............

Put

7

1,601

4,575.00

4/30/24

(

1

)

E-Mini

S&P

500

Future

Option

.............

Put

10

2,375

4,750.00

4/30/24

(

2

)

E-Mini

S&P

500

Future

Option

.............

Put

9

2,126

4,725.00

4/30/24

(

2

)

E-Mini

S&P

500

Future

Option

.............

Put

1

233

4,650.00

4/30/24

—

E-Mini

S&P

500

Future

Option

.............

Put

11

2,544

4,625.00

4/30/24

(

2

)

E-Mini

S&P

500

Future

Option

.............

Put

12

2,759

4,600.00

4/30/24

(

2

)

E-Mini

S&P

500

Future

Option

.............

Put

10

2,480

4,960.00

4/30/24

(

4

)

E-Mini

S&P

500

Future

Option

.............

Put

2

498

4,980.00

5/10/24

(

3

)

E-Mini

S&P

500

Future

Option

.............

Put

5

1,156

4,625.00

5/17/24

(

2

)

E-Mini

S&P

500

Future

Option

.............

Put

5

1,125

4,500.00

5/17/24

(

1

)

E-Mini

S&P

500

Future

Option

.............

Put

6

1,335

4,450.00

5/17/24

(

1

)

E-Mini

S&P

500

Future

Option

.............

Put

7

1,671

4,775.00

5/17/24

(

3

)

E-Mini

S&P

500

Future

Option

.............

Put

5

1,088

4,350.00

5/17/24

(

1

)

E-Mini

S&P

500

Future

Option

.............

Put

8

1,860

4,650.00

5/17/24

(

3

)

E-Mini

S&P

500

Future

Option

.............

Put

5

1,238

4,950.00

5/17/24

(

9

)

E-Mini

S&P

500

Future

Option

.............

Put

1

241

4,815.00

5/17/24

(

1

)

E-Mini

S&P

500

Future

Option

.............

Put

18

4,252

4,725.00

5/17/24

(

7

)

E-Mini

S&P

500

Future

Option

.............

Put

2

478

4,775.00

5/17/24

(

2

)

E-Mini

S&P

500

Future

Option

.............

Put

7

1,549

4,425.00

5/17/24

(

1

)

E-Mini

S&P

500

Future

Option

.............

Put

20

4,674

4,675.00

5/17/24

(

7

)

E-Mini

S&P

500

Future

Option

.............

Put

15

3,618

4,825.00

5/17/24

(

8

)

E-Mini

S&P

500

Future

Option

.............

Put

20

4,749

4,750.00

5/17/24

(

8

)

E-Mini

S&P

500

Future

Option

.............

Put

5

1,213

4,850.00

5/17/24

(

3

)

E-Mini

S&P

500

Future

Option

.............

Put

11

2,640

4,800.00

5/17/24

(

5

)

E-Mini

S&P

500

Future

Option

.............

Put

2

493

4,925.00

5/17/24

(

3

)

E-Mini

S&P

500

Future

Option

.............

Put

5

1,238

4,950.00

5/17/24

(

4

)

E-Mini

S&P

500

Future

Option

.............

Put

18

4,229

4,700.00

5/17/24

(

7

)

E-Mini

S&P

500

Future

Option

.............

Put

3

739

4,925.00

5/31/24

(

3

)

E-Mini

S&P

500

Future

Option

.............

Put

2

486

4,860.00

5/31/24

(

4

)

E-Mini

S&P

500

Future

Option

.............

Put

3

723

4,820.00

5/31/24

(

5

)

E-Mini

S&P

500

Future

Option

.............

Put

2

484

4,840.00

5/31/24

(

3

)

E-Mini

S&P

500

Future

Option

.............

Put

4

974

4,870.00

5/31/24

(

7

)

E-Mini

S&P

500

Future

Option

.............

Put

2

490

4,900.00

5/31/24

(

4

)

E-Mini

S&P

500

Future

Option

.............

Put

2

493

4,925.00

5/31/24

(

4

)

93

HC

CAPITAL

TRUST

The

International

Equity

Portfolio

Portfolio

of

Investments

(concluded)

—

March

31,

2024

(Unaudited)

Options

on

Futures

Contracts

(continued)

Description

Put/Call

Number

of

Contracts

Notional

Amount

(000)

Exercise

Price

Expiration

Date

Value

(000)

E-Mini

S&P

500

Future

Option

.............

Put

3

$

728

$

4,850.00

5/31/24

$

(

5

)

E-Mini

S&P

500

Future

Option

.............

Put

5

1,144

4,575.00

5/31/24

(

2

)

E-Mini

S&P

500

Future

Option

.............

Put

5

1,150

4,600.00

5/31/24

(

2

)

E-Mini

S&P

500

Future

Option

.............

Put

18

4,252

4,725.00

5/31/24

(

10

)

E-Mini

S&P

500

Future

Option

.............

Put

17

3,994

4,700.00

5/31/24

(

9

)

E-Mini

S&P

500

Future

Option

.............

Put

4

980

4,900.00

5/31/24

(

4

)

E-Mini

S&P

500

Future

Option

.............

Put

2

485

4,850.00

5/31/24

(

3

)

E-Mini

S&P

500

Future

Option

.............

Put

4

955

4,775.00

5/31/24

(

5

)

E-Mini

S&P

500

Future

Option

.............

Put

2

475

4,750.00

5/31/24

(

3

)

E-Mini

S&P

500

Future

Option

.............

Put

1

240

4,800.00

5/31/24

(

1

)

E-Mini

S&P

500

Future

Option

.............

Put

21

4,882

4,650.00

5/31/24

(

9

)

E-Mini

S&P

500

Future

Option

.............

Put

4

970

4,850.00

5/31/24

(

3

)

E-Mini

S&P

500

Future

Option

.............

Put

4

952

4,760.00

6/21/24

(

8

)

E-Mini

S&P

500

Future

Option

.............

Put

4

950

4,750.00

6/21/24

(

4

)

E-Mini

S&P

500

Future

Option

.............

Put

8

1,930

4,825.00

6/21/24

(

9

)

E-Mini

S&P

500

Future

Option

.............

Put

5

1,200

4,800.00

6/21/24

(

10

)

E-Mini

S&P

500

Future

Option

.............

Put

2

470

4,700.00

6/21/24

(

3

)

$

(

234

)

Exchanged-traded

options

on

futures

contacts

purchased

as

of

March

31,

2024

were

as

follows:

Description

Put/Call

Number

of

Contracts

Notional

Amount

(000)

Exercise

Price

Expiration

Date

Value

(000)

E-Mini

S&P

500

Future

Option

.............

Put

9

$

2,125

$

4,725.00

4/19/24

$

1

E-Mini

S&P

500

Future

Option

.............

Put

9

2,115

4,700.00

4/19/24

1

E-Mini

S&P

500

Future

Option

.............

Put

4

930

4,650.00

4/19/24

—

E-Mini

S&P

500

Future

Option

.............

Put

5

1,275

5,100.00

4/19/24

2

E-Mini

S&P

500

Future

Option

.............

Put

5

1,263

5,050.00

4/19/24

5

E-Mini

S&P

500

Future

Option

.............

Put

6

1,455

4,850.00

4/19/24

2

E-Mini

S&P

500

Future

Option

.............

Put

2

481

4,810.00

4/30/24

1

E-Mini

S&P

500

Future

Option

.............

Put

2

482

4,820.00

4/30/24

1

E-Mini

S&P

500

Future

Option

.............

Put

4

980

4,900.00

4/30/24

3

E-Mini

S&P

500

Future

Option

.............

Put

5

1,200

4,800.00

4/30/24

2

E-Mini

S&P

500

Future

Option

.............

Put

3

719

4,790.00

4/30/24

1

E-Mini

S&P

500

Future

Option

.............

Put

5

1,275

5,100.00

4/30/24

5

$

24

HC

CAPITAL

TRUST

The

Institutional

International

Equity

Portfolio

Portfolio

of

Investments

—

March

31,

2024

(Unaudited)

94

Shares

Security

Description

Value

(000)

Common

Stocks

—

50.35%

Australia

—

2.90%

7,021

Ampol

Ltd.

(Oil,

Gas

&

Consumable

Fuels)

$

182

60,743

ANZ

Group

Holdings

Ltd.

(Banks)

.....

1,163

70,869

APA

Group

(Gas

Utilities)

...........

389

11,711

Aristocrat

Leisure

Ltd.

(Hotels,

Restaurants

&

Leisure)

...................

328

7,483

ASX

Ltd.

(Capital

Markets)

..........

324

81,754

Aurizon

Holdings

Ltd.

(Ground

Transportation)

...............

213

102,715

BHP

Group

Ltd.

(Metals

&

Mining)

.....

2,963

8,894

BlueScope

Steel

Ltd.

(Metals

&

Mining)

.

138

48,418

Brambles

Ltd.

(Commercial

Services

&

Supplies)

....................

509

9,976

CAR

Group

Ltd.

(Interactive

Media

&

Services)

....................

235

1,733

Cochlear

Ltd.

(Health

Care

Equipment

&

Supplies)

....................

381

49,477

Coles

Group

Ltd.

(Consumer

Staples

Distribution

&

Retail)

...........

546

33,916

Commonwealth

Bank

of

Australia

(Banks)

2,659

20,763

Computershare

Ltd.

(Professional

Services)

353

10,485

CSL

Ltd.

(Biotechnology)

............

1,966

35,723

Dexus

(Office

REITs)

...............

184

3,158

EBOS

Group

Ltd.

(Health

Care

Providers

&

Services)

....................

65

83,914

Endeavour

Group

Ltd.

(Consumer

Staples

Distribution

&

Retail)

...........

301

34,432

Fortescue

Ltd.

(Metals

&

Mining)

......

577

34,732

Goodman

Group

(Industrial

REITs)

.....

765

5,305

IDP

Education

Ltd.

(Diversified

Consumer

Services)

....................

62

93,478

Insurance

Australia

Group

Ltd.

(Insurance)

390

7,472

Macquarie

Group

Ltd.

(Capital

Markets)

.

972

152,123

Medibank

Pvt.

Ltd.

(Insurance)

........

372

3,524

Mineral

Resources

Ltd.

(Metals

&

Mining)

163

79,166

Mirvac

Group

(Diversified

REITs)

......

122

63,151

National

Australia

Bank

Ltd.

(Banks)

....

1,425

29,459

Northern

Star

Resources

Ltd.

(Metals

&

Mining)

.....................

278

9,744

Orica

Ltd.

(Chemicals)

..............

116

50,524

Origin

Energy

Ltd.

(Electric

Utilities)

...

303

57,360

Pilbara

Minerals

Ltd.

(Metals

&

Mining)^

143

16,953

Qantas

Airways

Ltd.

(Passenger

Airlines)(a)

60

33,514

QBE

Insurance

Group

Ltd.

(Insurance)

..

396

8,760

Ramsay

Health

Care

Ltd.

(Health

Care

Providers

&

Services)

...........

323

1,060

REA

Group

Ltd.

(Interactive

Media

&

Services)

....................

128

4,375

Reece

Ltd.

(Trading

Companies

&

Distributors)

.................

80

7,555

Rio

Tinto

Ltd.

(Metals

&

Mining)

......

599

65,160

Santos

Ltd.

(Oil,

Gas

&

Consumable

Fuels)

(b)

........................

329

104,135

Scentre

Group

(Retail

REITs)

.........

230

7,147

SEEK

Ltd.

(Interactive

Media

&

Services)

117

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Australia

(continued)

3,080

Seven

Group

Holdings

Ltd.

(Trading

Companies

&

Distributors)

.......

$

82

16,146

Sonic

Healthcare

Ltd.

(Health

Care

Providers

&

Services)

...........

309

90,994

South32

Ltd.

(Metals

&

Mining)

.......

178

50,708

Stockland

(Diversified

REITs)

.........

160

35,429

Suncorp

Group

Ltd.

(Insurance)

.......

378

167,556

Telstra

Group

Ltd.

(Diversified

Telecommunication

Services)

.....

421

38,432

The

GPT

Group

(Diversified

REITs)

....

114

108,996

The

Lottery

Corp.

Ltd.

(Hotels,

Restaurants

&

Leisure)

...................

366

78,301

Transurban

Group

(Transportation

Infrastructure)

................

680

30,450

Treasury

Wine

Estates

Ltd.

(Beverages)

..

247

77,574

Vicinity

Ltd.

(Retail

REITs)(b)

........

108

6,331

Washington

H

Soul

Pattinson

&

Co.

Ltd.

(Financial

Services)

............

139

23,075

Wesfarmers

Ltd.

(Broadline

Retail)

.....

1,028

70,891

Westpac

Banking

Corp.

(Banks)

.......

1,205

3,344

WiseTech

Global

Ltd.

(Software)

.......

205

38,519

Woodside

Energy

Group

Ltd.

(Oil,

Gas

&

Consumable

Fuels)

.............

765

32,436

Woolworths

Group

Ltd.

(Consumer

Staples

Distribution

&

Retail)

...........

701

27,935

Austria

—

0.06%

6,898

Erste

Group

Bank

AG

(Banks)(b)

......

307

2,955

OMV

AG

(Oil,

Gas

&

Consumable

Fuels)

140

1,358

Verbund

AG

(Electric

Utilities)

........

99

2,215

voestalpine

AG

(Metals

&

Mining)

.....

62

608

Belgium

—

0.45%

3,275

Ageas

SA/N.V.

(Insurance)

...........

152

36,583

Anheuser-Busch

InBev

SA/N.V.

(Beverages)

..................

2,229

431

D'ieteren

Group

(Distributors)

.........

96

1,863

Elia

Group

SA/N.V.

(Electric

Utilities)(b)

201

2,260

Groupe

Bruxelles

Lambert

N.V.

(Financial

Services)

....................

170

5,022

KBC

Group

N.V.

(Banks)

............

376

20

Lotus

Bakeries

N.V.

(Food

Products)(b)

..

193

298

Sofina

SA

(Financial

Services)

........

67

1,525

Syensqo

SA

(Chemicals)(a)

...........

144

3,495

UCB

SA

(Pharmaceuticals)

...........

431

4,241

Umicore

SA

(Chemicals)(b)

..........

91

6,017

Warehouses

De

Pauw

CVA

(Industrial

REITs)

.....................

172

4,322

Canada

—

1.01%

1,014

Agnico

Eagle

Mines

Ltd.

(Metals

&

Mining)

60

95

HC

CAPITAL

TRUST

The

Institutional

International

Equity

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Canada

(continued)

19,642

Algonquin

Power

&

Utilities

Corp.

(Multi-

Utilities)

....................

$

124

1,210

Alimentation

Couche-Tard,

Inc.

(Consumer

Staples

Distribution

&

Retail)

.....

69

8,890

Barrick

Gold

Corp.

(Metals

&

Mining)

..

148

5,435

BCE,

Inc.

(Diversified

Telecommunication

Services)

....................

185

14,209

Canadian

Pacific

Kansas

City

Ltd.

(Ground

Transportation)

...............

1,253

364

Canadian

Tire

Corp.

Ltd.,

Class

-

A

(Broadline

Retail)

.............

36

9,417

Canadian

Utilities

Ltd.,

Class

-

A

(Multi-

Utilities)

....................

214

2,392

CCL

Industries,

Inc.,

Class

-

B

(Containers

&

Packaging)(b)

..............

122

70,302

Cenovus

Energy,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

.............

1,406

1,093

CGI,

Inc.

(IT

Services)(a)

............

121

2,384

Dollarama,

Inc.

(Broadline

Retail)

......

182

2,695

Element

Fleet

Management

Corp.

(Commercial

Services

&

Supplies)(b)

44

6,254

Emera,

Inc.

(Electric

Utilities)

.........

220

9,784

Empire

Co.

Ltd.,

Class

-

A

(Consumer

Staples

Distribution

&

Retail)

.....

239

1,820

Enbridge,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

......................

66

146

Fairfax

Financial

Holdings

Ltd.

(Insurance)

157

6,470

Fortis,

Inc.

(Electric

Utilities)

.........

256

916

Franco-Nevada

Corp.

(Metals

&

Mining)

.

109

1,684

George

Weston

Ltd.

(Consumer

Staples

Distribution

&

Retail)

...........

228

4,326

Great-West

Lifeco,

Inc.

(Insurance)

.....

138

7,908

Hydro

One

Ltd.

(Electric

Utilities)(b)

....

231

1,135

Intact

Financial

Corp.

(Insurance)(b)

....

184

2,544

Loblaw

Cos.

Ltd.

(Consumer

Staples

Distribution

&

Retail)

...........

282

4,692

Metro,

Inc.

(Consumer

Staples

Distribution

&

Retail)

....................

252

8,067

Northland

Power,

Inc.

(Independent

Power

and

Renewable

Electricity

Producers)

132

3,058

Power

Corp.

of

Canada

(Insurance)

.....

86

7,496

Quebecor,

Inc.,

Class

-

B

(Diversified

Telecommunication

Services)

.....

164

2,097

Restaurant

Brands

International,

Inc.

(Hotels,

Restaurants

&

Leisure)

....

167

4,343

Rogers

Communications,

Inc.,

Class

-

B

(Wireless

Telecommunication

Services)

....................

178

610

Royal

Bank

of

Canada

(Banks)

........

62

9,361

Saputo,

Inc.

(Food

Products)(b)

........

184

1,129

Stantec,

Inc.

(Construction

&

Engineering)

94

1,509

Sun

Life

Financial,

Inc.

(Insurance)

.....

82

1,725

TC

Energy

Corp.

(Oil,

Gas

&

Consumable

Fuels)

......................

69

31,871

Teck

Resources

Ltd.,

Class

-

B

(Metals

&

Mining)

.....................

1,458

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Canada

(continued)

8,778

TELUS

Corp.

(Diversified

Telecommunication

Services)

.....

$

140

1,274

The

Descartes

Systems

Group,

Inc.

(Software)(a)

.................

117

1,466

Thomson

Reuters

Corp.

(Professional

Services)

....................

228

6,775

TMX

Group

Ltd.

(Capital

Markets)

.....

179

357

Toromont

Industries

Ltd.

(Trading

Companies

&

Distributors)

.......

34

9,700

Chile

—

0.02%

7,912

Antofagasta

PLC

(Metals

&

Mining)

....

204

Denmark

—

1.74%

61

A.P.

Moller

-

Maersk

A/S,

Class

-

A

(Marine

Transportation)

...............

78

84

A.P.

Moller

-

Maersk

A/S,

Class

-

B

(Marine

Transportation)

...............

109

4,385

Carlsberg

A/S,

Class

-

B

(Beverages)

....

599

4,628

Coloplast

A/S,

Class

-

B

(Health

Care

Equipment

&

Supplies)

.........

625

31,077

Danske

Bank

A/S

(Banks)

............

929

2,022

Demant

A/S

(Health

Care

Equipment

&

Supplies)(a)

..................

100

3,569

DSV

A/S

(Air

Freight

&

Logistics)

.....

579

1,326

Genmab

A/S

(Biotechnology)(a)(b)

.....

400

75,855

Novo

Nordisk

A/S,

Class

-

B

(Pharmaceuticals)

.............

9,671

10,848

Novonesis,

B

shares

(Chemicals)

.......

636

5,751

Orsted

A/S

(Electric

Utilities)(b)

.......

320

1,920

Pandora

A/S

(Textiles,

Apparel

&

Luxury

Goods)

.....................

309

193

ROCKWOOL

A/S,

Class

-

B

(Building

Products)

....................

63

26,337

Tryg

A/S

(Insurance)(b)

.............

542

65,928

Vestas

Wind

Systems

A/S

(Electrical

Equipment)(a)

................

1,840

16,800

Finland

—

0.39%

5,913

Elisa

Oyj

(Diversified

Telecommunication

Services)

....................

263

8,942

Fortum

Oyj

(Electric

Utilities)^

........

110

9,152

Kesko

Oyj,

Class

-

B

(Consumer

Staples

Distribution

&

Retail)

...........

171

6,819

Kone

Oyj,

Class

-

B

(Machinery)

.......

317

13,507

Metso

Oyj

(Machinery)(b)

...........

160

8,488

Neste

Oyj

(Oil,

Gas

&

Consumable

Fuels)

230

108,485

Nokia

Oyj

(Communications

Equipment)

.

386

68,246

Nordea

Bank

Abp

(Banks)

...........

771

5,181

Orion

Oyj,

Class

-

B

(Pharmaceuticals)

..

193

11,381

Sampo

Oyj,

A

Shares

(Insurance)

......

486

11,612

Stora

Enso

Oyj,

Registered

Shares

(Paper

&

Forest

Products)

...............

161

96

HC

CAPITAL

TRUST

The

Institutional

International

Equity

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Finland

(continued)

10,708

UPM-Kymmene

Oyj

(Paper

&

Forest

Products)

....................

$

357

9,497

Wartsila

Oyj

Abp

(Machinery)

.........

144

3,749

France

—

5.64%

3,986

Accor

SA

(Hotels,

Restaurants

&

Leisure)

186

1,541

Aeroports

de

Paris

SA

(Transportation

Infrastructure)

................

211

11,079

Air

Liquide

SA

(Chemicals)

..........

2,304

12,020

Airbus

SE

(Aerospace

&

Defense)

......

2,213

5,544

Alstom

SA

(Machinery)

.............

85

1,199

Amundi

SA

(Capital

Markets)

.........

82

1,204

Arkema

SA

(Chemicals)

.............

127

36,893

AXA

SA

(Insurance)

...............

1,386

3,427

BioMerieux

(Health

Care

Equipment

&

Supplies)

....................

378

20,931

BNP

Paribas

SA

(Banks)

.............

1,487

38,991

Bollore

SE

(Entertainment)

...........

261

10,236

Bouygues

SA

(Construction

&

Engineering)

418

13,040

Bureau

Veritas

SA

(Professional

Services)

(b)

........................

398

3,134

Capgemini

SE

(IT

Services)

..........

721

32,364

Carrefour

SA

(Consumer

Staples

Distribution

&

Retail)(b)

........

554

9,254

Cie

de

Saint-Gobain

SA

(Building

Products)

718

13,611

Cie

Generale

des

Etablissements

Michelin

SCA

(Automobile

Components)

...

522

928

Covivio

SA

(Office

REITs)

...........

48

21,437

Credit

Agricole

SA

(Banks)

...........

319

17,583

Danone

SA

(Food

Products)

..........

1,136

2,003

Dassault

Aviation

SA

(Aerospace

&

Defense)(b)

..................

441

40,108

Dassault

Systemes

SE

(Software)

......

1,776

8,535

Edenred

SE

(Financial

Services)

.......

455

1,475

Eiffage

SA

(Construction

&

Engineering)(b)

167

46,364

Engie

SA

(Multi-Utilities)

............

776

11,917

EssilorLuxottica

SA

(Health

Care

Equipment

&

Supplies)

.........

2,696

846

Eurazeo

SE

(Financial

Services)

.......

74

1,463

Gecina

SA

(Office

REITs)(b)

..........

150

23,202

Getlink

SE

(Transportation

Infrastructure)

394

641

Hermes

International

SCA

(Textiles,

Apparel

&

Luxury

Goods)

..............

1,636

3,618

Ipsen

SA

(Pharmaceuticals)

...........

431

1,512

Kering

SA

(Textiles,

Apparel

&

Luxury

Goods)

.....................

598

4,316

Klepierre

SA

(Retail

REITs)

..........

112

6,921

La

Francaise

des

Jeux

SAEM

(Hotels,

Restaurants

&

Leisure)

..........

282

5,318

Legrand

SA

(Electrical

Equipment)

.....

563

7,375

L'Oreal

SA

(Personal

Care

Products)

....

3,489

6,951

LVMH

Moet

Hennessy

Louis

Vuitton

SE

(Textiles,

Apparel

&

Luxury

Goods)

6,250

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

France

(continued)

69,381

Orange

SA

(Diversified

Telecommunication

Services)(b)

..................

$

815

4,903

Pernod

Ricard

SA

(Beverages)

........

793

4,592

Publicis

Groupe

SA

(Media)

..........

501

1,019

Remy

Cointreau

SA

(Beverages)

.......

103

3,857

Renault

SA

(Automobiles)

...........

195

4,788

Rexel

SA

(Trading

Companies

&

Distributors)

.................

129

6,898

Safran

SA

(Aerospace

&

Defense)

......

1,563

39,399

Sanofi

SA

(Pharmaceuticals)

..........

3,865

625

Sartorius

Stedim

Biotech

(Life

Sciences

Tools

&

Services)

..............

178

16,588

Schneider

Electric

SE

(Electrical

Equipment)(b)

................

3,751

1,167

SEB

SA

(Household

Durables)(b)

......

149

14,820

Societe

Generale

SA

(Banks)

.........

397

3,531

Sodexo

SA

(Hotels,

Restaurants

&

Leisure)

303

2,356

Teleperformance

SE

(Professional

Services)

229

4,520

Thales

SA

(Aerospace

&

Defense)

......

771

64,595

TotalEnergies

SE

(Oil,

Gas

&

Consumable

Fuels)

......................

4,422

2,371

Unibail-Rodamco-Westfield

(Retail

REITs)

(a)

........................

191

13,895

Veolia

Environnement

SA

(Multi-Utilities)

452

10,186

Vinci

SA

(Construction

&

Engineering)

..

1,305

36,288

Vivendi

SE

(Media)

................

395

4,959

Worldline

SA

(Financial

Services)(a)

....

61

54,412

Germany

—

4.03%

3,291

adidas

AG

(Textiles,

Apparel

&

Luxury

Goods)

.....................

735

8,234

Allianz

SE,

Registered

Shares

(Insurance)

2,468

18,208

BASF

SE

(Chemicals)

..............

1,040

25,296

Bayer

AG,

Registered

Shares

(Pharmaceuticals)

.............

776

6,469

Bayerische

Motoren

Werke

AG

(Automobiles)

................

746

1,182

Bayerische

Motoren

Werke

AG,

Preference

Shares

(Automobiles)

...........

127

1,611

Bechtle

AG

(IT

Services)

............

85

3,926

Beiersdorf

AG

(Personal

Care

Products)

..

571

3,062

Brenntag

SE

(Trading

Companies

&

Distributors)

.................

258

873

Carl

Zeiss

Meditec

AG,

Class

-

BR

(Health

Care

Equipment

&

Supplies)

......

109

126,320

Commerzbank

AG

(Banks)

...........

1,734

2,207

Continental

AG

(Automobile

Components)

159

3,881

Covestro

AG

(Chemicals)(a)

..........

212

10,732

Daimler

Truck

Holding

AG

(Machinery)

.

544

3,530

Delivery

Hero

SE

(Hotels,

Restaurants

&

Leisure)(a)

..................

101

38,887

Deutsche

Bank

AG,

Registered

Shares

(Capital

Markets)

..............

612

5,177

Deutsche

Boerse

AG

(Capital

Markets)

..

1,059

97

HC

CAPITAL

TRUST

The

Institutional

International

Equity

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Germany

(continued)

12,004

Deutsche

Lufthansa

AG,

Registered

Shares

(Passenger

Airlines)(a)(b)

........

$

94

20,202

Deutsche

Post

AG

(Air

Freight

&

Logistics)

870

75,520

Deutsche

Telekom

AG

(Diversified

Telecommunication

Services)(b)

...

1,834

3,445

Dr.

Ing.

h.c.

F.

Porsche

AG,

Preference

Shares

(Automobiles)

...........

342

61,018

E.ON

SE

(Multi-Utilities)

............

848

4,610

Evonik

Industries

AG

(Chemicals)

......

91

9,306

Fresenius

Medical

Care

AG

(Health

Care

Providers

&

Services)

...........

357

14,758

Fresenius

SE

&

Co.

KGaA

(Health

Care

Providers

&

Services)

...........

398

5,558

GEA

Group

AG

(Machinery)

.........

235

1,785

Hannover

Rueck

SE

(Insurance)

.......

488

2,713

Heidelberg

Materials

AG

(Construction

Materials)

...................

298

2,085

Henkel

AG

&

Co.

KGaA

(Household

Products)

....................

150

6,670

Henkel

AG

&

Co.

KGaA,

Preference

Shares

(Household

Products)

...........

536

60,701

Infineon

Technologies

AG

(Semiconductors

&

Semiconductor

Equipment)(b)

...

2,064

1,432

Knorr-Bremse

AG

(Machinery)

........

108

2,353

LEG

Immobilien

SE

(Real

Estate

Management

&

Development)(a)

...

202

16,205

Mercedes-Benz

Group

AG

(Automobiles)

1,290

3,723

Merck

KGaA

(Pharmaceuticals)

.......

657

1,080

MTU

Aero

Engines

AG

(Aerospace

&

Defense)

....................

274

3,035

Muenchener

Rueckversicherungs-

Gesellschaft

AG

in

Muenchen,

Registered

Shares

(Insurance)

.....

1,481

1,248

Nemetschek

SE

(Software)

...........

123

3,072

Porsche

Automobil

Holding

SE,

Preference

Shares

(Automobiles)

...........

163

2,106

Puma

SE

(Textiles,

Apparel

&

Luxury

Goods)(b)

...................

95

154

Rational

AG

(Machinery)

............

133

1,509

Rheinmetall

AG

(Aerospace

&

Defense)

.

848

19,232

RWE

AG

(Independent

Power

and

Renewable

Electricity

Producers)

..

652

28,301

SAP

SE

(Software)

.................

5,510

526

Sartorius

AG,

Preference

Shares

(Life

Sciences

Tools

&

Services)(b)

.....

209

3,340

Scout24

SE

(Interactive

Media

&

Services)

252

22,021

Siemens

AG,

Registered

Shares

(Industrial

Conglomerates)

...............

4,205

10,424

Siemens

Energy

AG

(Electrical

Equipment)

(a)(b)

......................

191

7,529

Siemens

Healthineers

AG

(Health

Care

Equipment

&

Supplies)(a)

.......

460

4,984

Symrise

AG

(Chemicals)(b)

..........

597

3,511

Talanx

AG

(Insurance)

..............

278

640

Volkswagen

AG

(Automobiles)

........

98

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Germany

(continued)

4,137

Volkswagen

AG,

Preference

Shares

(Automobiles)

................

$

548

14,710

Vonovia

SE

(Real

Estate

Management

&

Development)

................

435

4,498

Zalando

SE

(Specialty

Retail)(a)

.......

129

38,879

Hong

Kong

—

0.99%

377,318

AIA

Group

Ltd.

(Insurance)

..........

2,534

94,695

BOC

Hong

Kong

Holdings

Ltd.

(Banks)

.

254

588,000

China

Common

Rich

Renewable

Energy

Investment

Ltd.

(Independent

Power

and

Renewable

Electricity

Producers)

(c)

........................

—

48,700

CK

Asset

Holdings

Ltd.

(Real

Estate

Management

&

Development)

.....

200

53,910

CK

Hutchison

Holdings

Ltd.

(Industrial

Conglomerates)

...............

260

26,500

CK

Infrastructure

Holdings

Ltd.

(Electric

Utilities)

....................

155

47,719

CLP

Holdings

Ltd.

(Electric

Utilities)

...

381

36,200

ESR

Group

Ltd.

(Real

Estate

Management

&

Development)

..............

39

1,119

Futu

Holdings

Ltd.,

ADR

(Capital

Markets)

(a)

........................

61

44,000

Galaxy

Entertainment

Group

Ltd.

(Hotels,

Restaurants

&

Leisure)

..........

221

40,720

Hang

Lung

Properties

Ltd.

(Real

Estate

Management

&

Development)

.....

42

18,139

Hang

Seng

Bank

Ltd.

(Banks)

.........

199

28,845

Henderson

Land

Development

Co.

Ltd.

(Real

Estate

Management

&

Development)

................

82

175,550

HKT

Trust

&

HKT

Ltd.

(Diversified

Telecommunication

Services)(b)

...

204

309,247

Hong

Kong

&

China

Gas

Co.

Ltd.

(Gas

Utilities)

....................

234

24,200

Hong

Kong

Exchanges

&

Clearing

Ltd.

(Capital

Markets)

..............

704

46,740

Hongkong

Land

Holdings

Ltd.

(Real

Estate

Management

&

Development)

.....

144

6,000

Jardine

Matheson

Holdings

Ltd.

(Industrial

Conglomerates)

...............

223

60,634

Link

REIT

(Retail

REITs)

............

260

54,000

MTR

Corp.

Ltd.

(Ground

Transportation)

.

178

43,868

Power

Assets

Holdings

Ltd.

(Electric

Utilities)

....................

257

172,223

Prudential

PLC

(Insurance)

...........

1,616

133,328

Sino

Land

Co.

Ltd.

(Real

Estate

Management

&

Development)

.....

138

29,000

SITC

International

Holdings

Co.

Ltd.

(Marine

Transportation)

.........

53

28,860

Sun

Hung

Kai

Properties

Ltd.

(Real

Estate

Management

&

Development)

.....

278

9,430

Swire

Pacific

Ltd.,

Class

-

A

(Real

Estate

Management

&

Development)

.....

78

98

HC

CAPITAL

TRUST

The

Institutional

International

Equity

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Hong

Kong

(continued)

25,400

Swire

Properties

Ltd.

(Real

Estate

Management

&

Development)

.....

$

53

28,500

Techtronic

Industries

Co.

Ltd.

(Machinery)

386

22,000

The

Wharf

Holdings

Ltd.

(Real

Estate

Management

&

Development)

.....

72

166,856

WH

Group

Ltd.

(Food

Products)

.......

110

33,000

Wharf

Real

Estate

Investment

Co.

Ltd.

(Real

Estate

Management

&

Development)

107

9,523

Ireland

(Republic

of)

—

1.04%

15,967

AerCap

Holdings

N.V.

(Trading

Companies

&

Distributors)(a)

.............

1,389

3,548

AerCap

Holdings

N.V.

(Trading

Companies

&

Distributors)(a)

.............

308

31,524

AIB

Group

PLC

(Banks)

............

160

21,199

Bank

of

Ireland

Group

PLC

(Banks)

....

216

14,090

CRH

PLC

(Construction

Materials)

.....

1,214

15,573

CRH

PLC

(Construction

Materials)

.....

1,343

2,432

DCC

PLC

(Industrial

Conglomerates)(b)

.

177

48,258

Experian

PLC

(Professional

Services)

...

2,103

3,584

Flutter

Entertainment

PLC

(Hotels,

Restaurants

&

Leisure)(a)(b)

......

714

8,830

James

Hardie

Industries

PLC

(Construction

Materials)(a)

.................

354

3,198

Kerry

Group

PLC,

Class

-

A

(Food

Products)(b)

.................

274

3,256

Kingspan

Group

PLC

(Building

Products)

297

8,727

Ryanair

Holdings

PLC,

ADR

(Passenger

Airlines)(a)

..................

1,271

5,224

Smurfit

Kappa

Group

PLC

(Containers

&

Packaging)(b)

................

238

10,058

Israel

—

0.57%

1,661

Azrieli

Group

Ltd.

(Real

Estate

Management

&

Development)

..............

120

25,488

Bank

Hapoalim

BM

(Banks)

..........

239

30,579

Bank

Leumi

Le-Israel

BM

(Banks)

.....

254

2,270

Check

Point

Software

Technologies

Ltd.

(Software)(a)

.................

372

838

CyberArk

Software

Ltd.

(Software)(a)

...

223

1,005

Elbit

Systems

Ltd.

(Aerospace

&

Defense)

210

2,055

Global-e

Online

Ltd.

(Broadline

Retail)(a)

75

30,976

ICL

Group

Ltd.

(Chemicals)

..........

164

1

Isracard

Ltd.

(Consumer

Finance)

......

—

25,858

Israel

Discount

Bank

Ltd.,

Class

-

A

(Banks)

134

3,229

Mizrahi

Tefahot

Bank

Ltd.

(Banks)

.....

121

570

Monday.com

Ltd.

(Software)(a)

........

129

1,441

Nice

Ltd.

(Software)(a)

..............

375

91,233

Teva

Pharmaceutical

Industries

Ltd.

(Pharmaceuticals)(a)

...........

1,295

22,488

Teva

Pharmaceutical

Industries

Ltd.,

ADR

(Pharmaceuticals)(a)

...........

317

1,105

Wix.com

Ltd.

(IT

Services)(a)

.........

152

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Israel

(continued)

9,633

Wix.com

Ltd.

(IT

Services)(a)

.........

$

1,325

5,505

Italy

—

1.54%

4,831

Amplifon

SpA

(Health

Care

Providers

&

Services)

....................

177

22,145

Assicurazioni

Generali

SpA

(Insurance)

..

561

24,319

Banco

BPM

SpA

(Banks)

............

162

23,930

Davide

Campari-Milano

N.V.,

Class

-

M

(Beverages)(b)

................

240

2,039

DiaSorin

SpA

(Health

Care

Equipment

&

Supplies)

....................

197

352,327

Enel

SpA

(Electric

Utilities)(b)

........

2,325

48,683

Eni

SpA

(Oil,

Gas

&

Consumable

Fuels)

.

769

2,561

Ferrari

N.V.

(Automobiles)

...........

1,116

3,094

Ferrari

N.V.

(Automobiles)

...........

1,349

12,251

FinecoBank

Banca

Fineco

SpA

(Banks)

..

183

21,957

Infrastrutture

Wireless

Italiane

SpA

(Diversified

Telecommunication

Services)(b)

..................

250

690,326

Intesa

Sanpaolo

SpA

(Banks)(b)

.......

2,504

14,949

Leonardo

SpA

(Aerospace

&

Defense)

...

376

10,476

Mediobanca

Banca

di

Credito

Finanziario

SpA

(Banks)

.................

156

4,132

Moncler

SpA

(Textiles,

Apparel

&

Luxury

Goods)

.....................

308

11,816

Nexi

SpA

(Financial

Services)(a)

.......

75

9,738

Poste

Italiane

SpA

(Insurance)

.........

122

5,269

Prysmian

SpA

(Electrical

Equipment)

...

275

3,859

Recordati

Industria

Chimica

e

Farmaceutica

SpA

(Pharmaceuticals)

..........

213

82,141

Snam

SpA

(Gas

Utilities)

............

388

216,022

Telecom

Italia

SpA/Milano

(Diversified

Telecommunication

Services)^(a)

..

52

55,542

Terna

-

Rete

Elettrica

Nazionale

(Electric

Utilities)

....................

459

68,529

UniCredit

SpA

(Banks)

..............

2,600

14,857

Japan

—

10.17%

15,600

Advantest

Corp.

(Semiconductors

&

Semiconductor

Equipment)(b)

.....

690

18,300

Aeon

Co.

Ltd.

(Consumer

Staples

Distribution

&

Retail)

...........

433

3,865

AGC,

Inc.

(Building

Products)

........

140

3,200

Aisin

Corp.

(Automobile

Components)

..

130

11,100

Ajinomoto

Co.,

Inc.

(Food

Products)

....

413

8,400

ANA

Holdings,

Inc.

(Passenger

Airlines)^(b)

.................

176

9,700

Asahi

Group

Holdings

Ltd.

(Beverages)(b)

355

4,200

Asahi

Intecc

Co.

Ltd.

(Health

Care

Equipment

&

Supplies)

.........

73

25,210

Asahi

Kasei

Corp.

(Chemicals)

........

184

43,690

Astellas

Pharma,

Inc.

(Pharmaceuticals)

..

469

99

HC

CAPITAL

TRUST

The

Institutional

International

Equity

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Japan

(continued)

2,500

Azbil

Corp.

(Electronic

Equipment,

Instruments

&

Components)

......

$

69

12,000

Bandai

Namco

Holdings,

Inc.

(Leisure

Products)

....................

222

11,460

Bridgestone

Corp.

(Automobile

Components)

.................

507

5,100

Brother

Industries

Ltd.

(Technology

Hardware,

Storage

&

Peripherals)

..

94

23,947

Canon,

Inc.

(Technology

Hardware,

Storage

&

Peripherals)

................

712

10,800

Capcom

Co.

Ltd.

(Entertainment)

......

202

21,300

Central

Japan

Railway

Co.

(Ground

Transportation)

...............

528

26,600

Chubu

Electric

Power

Co.,

Inc.

(Electric

Utilities)

....................

347

13,500

Chugai

Pharmaceutical

Co.

Ltd.

(Pharmaceuticals)

.............

514

29,800

Concordia

Financial

Group

Ltd.

(Banks)

.

150

4,139

Dai

Nippon

Printing

Co.

Ltd.

(Commercial

Services

&

Supplies)

...........

126

6,100

Daifuku

Co.

Ltd.

(Machinery)

.........

145

18,900

Dai-ichi

Life

Holdings,

Inc.

(Insurance)

..

481

37,400

Daiichi

Sankyo

Co.

Ltd.

(Pharmaceuticals)

1,186

5,300

Daikin

Industries

Ltd.

(Building

Products)

722

2,147

Daito

Trust

Construction

Co.

Ltd.

(Real

Estate

Management

&

Development)

244

11,930

Daiwa

House

Industry

Co.

Ltd.

(Real

Estate

Management

&

Development)

.....

354

123

Daiwa

House

REIT

Investment

Corp.

(Diversified

REITs)

............

210

28,000

Daiwa

Securities

Group,

Inc.

(Capital

Markets)

....................

212

37,900

Denso

Corp.

(Automobile

Components)

..

722

4,270

Dentsu

Group,

Inc.

(Media)

..........

118

1,900

Disco

Corp.

(Semiconductors

&

Semiconductor

Equipment)

.......

693

26,400

East

Japan

Railway

Co.

(Ground

Transportation)

...............

506

7,700

Eisai

Co.

Ltd.

(Pharmaceuticals)

.......

317

82,678

ENEOS

Holdings,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

.............

397

19,100

FANUC

Corp.

(Machinery)

...........

533

3,600

Fast

Retailing

Co.

Ltd.

(Specialty

Retail)

.

1,111

2,700

Fuji

Electric

Co.

Ltd.

(Electrical

Equipment)

180

22,530

FUJIFILM

Holdings

Corp.

(Technology

Hardware,

Storage

&

Peripherals)

..

504

35,500

Fujitsu

Ltd.

(IT

Services)(b)

..........

567

348

GLP

J-Reit

(Industrial

REITs)(b)

.......

292

2,700

Hamamatsu

Photonics

KK

(Electronic

Equipment,

Instruments

&

Components)

.................

95

8,400

Hankyu

Hanshin

Holdings,

Inc.

(Ground

Transportation)

...............

241

400

Hikari

Tsushin,

Inc.

(Industrial

Conglomerates)

...............

75

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Japan

(continued)

580

Hirose

Electric

Co.

Ltd.

(Electronic

Equipment,

Instruments

&

Components)^

................

$

59

2,200

Hitachi

Construction

Machinery

Co.

Ltd.

(Machinery)

.................

66

18,680

Hitachi

Ltd.

(Industrial

Conglomerates)

..

1,698

93,462

Honda

Motor

Co.

Ltd.

(Automobiles)

...

1,151

3,200

Hoshizaki

Corp.

(Machinery)

.........

116

7,100

Hoya

Corp.

(Health

Care

Equipment

&

Supplies)

....................

884

7,400

Hulic

Co.

Ltd.

(Real

Estate

Management

&

Development)(b)

..............

76

2,400

Ibiden

Co.

Ltd.

(Electronic

Equipment,

Instruments

&

Components)

......

107

33,095

Idemitsu

Kosan

Co.

Ltd.

(Oil,

Gas

&

Consumable

Fuels)(b)

..........

226

3,100

Iida

Group

Holdings

Co.

Ltd.

(Household

Durables)

...................

40

19,500

Inpex

Corp.

(Oil,

Gas

&

Consumable

Fuels)

296

12,270

Isuzu

Motors

Ltd.

(Automobiles)

.......

165

24,058

ITOCHU

Corp.

(Trading

Companies

&

Distributors)

.................

1,027

8,100

Japan

Airlines

Co.

Ltd.

(Passenger

Airlines)

(b)

........................

154

10,100

Japan

Exchange

Group,

Inc.

(Capital

Markets)

....................

273

434

Japan

Metropolitan

Fund

Invest

(Retail

REITs)

.....................

270

45,700

Japan

Post

Bank

Co.

Ltd.

(Banks)(b)

....

490

58,260

Japan

Post

Holdings

Co.

Ltd.

(Insurance)(b)

586

10,900

Japan

Post

Insurance

Co.

Ltd.

(Insurance)(b)

209

80

Japan

Real

Estate

Investment

Corp.

(Office

REITs)

.....................

285

30,527

Japan

Tobacco,

Inc.

(Tobacco)

.........

812

11,500

JFE

Holdings,

Inc.

(Metals

&

Mining)(b)

.

190

3,433

JSR

Corp.

(Chemicals)

..............

98

10,900

Kajima

Corp.

(Construction

&

Engineering)

223

14,300

Kao

Corp.

(Personal

Care

Products)

.....

535

8,100

Kawasaki

Kisen

Kaisha

Ltd.

(Marine

Transportation)^

...............

109

35,300

KDDI

Corp.

(Wireless

Telecommunication

Services)

....................

1,042

285

KDX

Realty

Investment

Corp.

(Diversified

REITs)

.....................

303

2,800

Keisei

Electric

Railway

Co.

Ltd.

(Ground

Transportation)

...............

113

6,600

Keyence

Corp.

(Electronic

Equipment,

Instruments

&

Components)

......

3,056

13,500

Kikkoman

Corp.

(Food

Products)

......

173

8,500

Kintetsu

Group

Holdings

Co.

Ltd.

(Ground

Transportation)^

...............

248

27,610

Kirin

Holdings

Co.

Ltd.

(Beverages)

....

383

9,500

Kobe

Bussan

Co.

Ltd.

(Consumer

Staples

Distribution

&

Retail)

...........

233

5,100

Koei

Tecmo

Holdings

Co.

Ltd.

(Entertainment)

...............

54

100

HC

CAPITAL

TRUST

The

Institutional

International

Equity

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Japan

(continued)

3,800

Koito

Manufacturing

Co.

Ltd.

(Automobile

Components)^

................

$

51

18,590

Komatsu

Ltd.

(Machinery)

...........

548

2,000

Konami

Group

Corp.

(Entertainment)

...

136

800

Kose

Corp.

(Personal

Care

Products)

....

43

20,100

Kubota

Corp.

(Machinery)

...........

314

25,780

Kyocera

Corp.

(Electronic

Equipment,

Instruments

&

Components)

......

343

8,400

Kyowa

Kirin

Co.

Ltd.

(Pharmaceuticals)

.

151

1,600

Lasertec

Corp.

(Semiconductors

&

Semiconductor

Equipment)

.......

454

56,600

LY

Corp.

(Interactive

Media

&

Services)

.

143

8,900

M3,

Inc.

(Health

Care

Technology)

.....

128

4,500

Makita

Corp.

(Machinery)

...........

127

28,771

Marubeni

Corp.

(Trading

Companies

&

Distributors)

.................

496

14,400

MatsukiyoCocokara

&

Co.

(Consumer

Staples

Distribution

&

Retail)

.....

231

11,450

Mazda

Motor

Corp.

(Automobiles)

.....

133

6,200

McDonald's

Holdings

Co.

Japan

Ltd.

(Hotels,

Restaurants

&

Leisure)

....

278

13,200

MEIJI

Holdings

Co.

Ltd.

(Food

Products)

288

7,300

MINEBEA

MITSUMI,

Inc.

(Machinery)

.

142

5,700

MISUMI

Group,

Inc.

(Machinery)

......

79

25,710

Mitsubishi

Chemical

Group

Corp.

(Chemicals)

..................

156

69,620

Mitsubishi

Corp.

(Trading

Companies

&

Distributors)

.................

1,602

38,790

Mitsubishi

Electric

Corp.

(Electrical

Equipment)

..................

646

26,800

Mitsubishi

Estate

Co.

Ltd.

(Real

Estate

Management

&

Development)

.....

486

26,600

Mitsubishi

HC

Capital,

Inc.

(Financial

Services)

....................

185

65,970

Mitsubishi

Heavy

Industries

Ltd.

(Machinery)

.................

595

346,282

Mitsubishi

UFJ

Financial

Group,

Inc.

(Banks)

.....................

3,512

26,166

Mitsui

&

Co.

Ltd.

(Trading

Companies

&

Distributors)

.................

1,218

3,450

Mitsui

Chemicals,

Inc.

(Chemicals)

.....

101

53,700

Mitsui

Fudosan

Co.

Ltd.

(Real

Estate

Management

&

Development)

.....

576

8,600

Mitsui

O.S.K.

Lines

Ltd.

(Marine

Transportation)^

...............

262

54,352

Mizuho

Financial

Group,

Inc.

(Banks)

...

1,073

5,400

MonotaRO

Co.

Ltd.

(Trading

Companies

&

Distributors)

.................

65

28,200

MS&AD

Insurance

Group

Holdings,

Inc.

(Insurance)

..................

496

35,100

Murata

Manufacturing

Co.

Ltd.

(Electronic

Equipment,

Instruments

&

Components)

.................

657

4,930

NEC

Corp.

(IT

Services)

.............

359

7,100

Nexon

Co.

Ltd.

(Entertainment)

.......

118

8,400

NIDEC

Corp.

(Electrical

Equipment)

....

345

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Japan

(continued)

23,200

Nintendo

Co.

Ltd.

(Entertainment)

......

$

1,266

79

Nippon

Building

Fund,

Inc.

(Office

REITs)

316

2,100

NIPPON

EXPRESS

HOLDINGS,

Inc.

(Air

Freight

&

Logistics)

............

107

20,100

Nippon

Paint

Holdings

Co.

Ltd.

(Chemicals)

(b)

........................

144

155

Nippon

Prologis

REIT,

Inc.

(Industrial

REITs)(b)

...................

276

3,500

Nippon

Sanso

Holdings

Corp.

(Chemicals)

109

17,200

Nippon

Steel

Corp.

(Metals

&

Mining)(b)

412

734,900

Nippon

Telegraph

&

Telephone

Corp.

(Diversified

Telecommunication

Services)

....................

874

9,300

Nippon

Yusen

KK

(Marine

Transportation)

255

2,500

Nissan

Chemical

Corp.

(Chemicals)

.....

94

50,100

Nissan

Motor

Co.

Ltd.

(Automobiles)

...

198

10,700

Nissin

Foods

Holdings

Co.

Ltd.

(Food

Products)(b)

.................

295

2,700

Nitori

Holdings

Co.

Ltd.

(Specialty

Retail)

407

2,960

Nitto

Denko

Corp.

(Chemicals)

........

269

65,600

Nomura

Holdings,

Inc.

(Capital

Markets)

.

418

2,200

Nomura

Real

Estate

Holdings,

Inc.

(Real

Estate

Management

&

Development)

62

280

Nomura

Real

Estate

Master

Fund,

Inc.

(Diversified

REITs)

............

277

7,720

Nomura

Research

Institute

Ltd.

(IT

Services)

....................

217

12,700

NTT

Data

Group

Corp.

(IT

Services)

....

201

16,500

Obayashi

Corp.

(Construction

&

Engineering)

.................

195

2,100

Obic

Co.

Ltd.

(IT

Services)

...........

317

11,500

Odakyu

Electric

Railway

Co.

Ltd.

(Ground

Transportation)

...............

158

35,600

Oji

Holdings

Corp.

(Paper

&

Forest

Products)

....................

148

24,100

Olympus

Corp.

(Health

Care

Equipment

&

Supplies)

....................

346

3,500

Omron

Corp.

(Electronic

Equipment,

Instruments

&

Components)

......

125

16,000

Ono

Pharmaceutical

Co.

Ltd.

(Pharmaceuticals)^

.............

261

2,000

Oracle

Corp.

Japan

(Software)

.........

150

24,300

Oriental

Land

Co.

Ltd.

(Hotels,

Restaurants

&

Leisure)

...................

777

23,500

ORIX

Corp.

(Financial

Services)

.......

512

16,045

Osaka

Gas

Co.

Ltd.

(Gas

Utilities)

......

360

10,600

Otsuka

Corp.

(IT

Services)

...........

225

10,500

Otsuka

Holdings

Co.

Ltd.

(Pharmaceuticals)

435

10,000

Pan

Pacific

International

Holdings

Corp.

(Broadline

Retail)

.............

265

44,300

Panasonic

Holdings

Corp.

(Household

Durables)

...................

421

31,600

Rakuten

Group,

Inc.

(Broadline

Retail)(b)

179

29,200

Recruit

Holdings

Co.

Ltd.

(Professional

Services)

....................

1,279

101

HC

CAPITAL

TRUST

The

Institutional

International

Equity

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Japan

(continued)

29,500

Renesas

Electronics

Corp.

(Semiconductors

&

Semiconductor

Equipment)(a)(b)

.

$

523

58,185

Resona

Holdings,

Inc.

(Banks)

........

358

11,200

Ricoh

Co.

Ltd.

(Technology

Hardware,

Storage

&

Peripherals)

..........

99

7,080

Rohm

Co.

Ltd.

(Semiconductors

&

Semiconductor

Equipment)

.......

113

4,900

SBI

Holdings,

Inc.

(Capital

Markets)^

...

128

1,600

SCREEN

Holdings

Co.

Ltd.

(Semiconductors

&

Semiconductor

Equipment)^

.................

206

5,900

SCSK

Corp.

(IT

Services)

............

109

6,200

Secom

Co.

Ltd.

(Commercial

Services

&

Supplies)

....................

449

6,069

Seiko

Epson

Corp.

(Technology

Hardware,

Storage

&

Peripherals)

..........

106

8,200

Sekisui

Chemical

Co.

Ltd.

(Household

Durables)

...................

120

14,825

Sekisui

House

Ltd.

(Household

Durables)

337

54,090

Seven

&

i

Holdings

Co.

Ltd.

(Consumer

Staples

Distribution

&

Retail)

.....

786

13,900

SG

Holdings

Co.

Ltd.

(Air

Freight

&

Logistics)

...................

176

13,400

Sharp

Corp.

(Household

Durables)(a)(b)

.

74

4,700

Shimadzu

Corp.

(Electronic

Equipment,

Instruments

&

Components)

......

131

1,600

Shimano,

Inc.

(Leisure

Products)

.......

239

22,200

Shimizu

Corp.

(Construction

&

Engineering)^

................

143

36,525

Shin-Etsu

Chemical

Co.

Ltd.

(Chemicals)

1,594

7,000

Shionogi

&

Co.

Ltd.

(Pharmaceuticals)

..

357

8,000

Shiseido

Co.

Ltd.

(Personal

Care

Products)

218

25,000

Shizuoka

Financial

Group,

Inc.

(Banks)

..

237

1,200

SMC

Corp.

(Machinery)

.............

673

72,654

SoftBank

Corp.

(Wireless

Telecommunication

Services)

.....

931

20,800

SoftBank

Group

Corp.

(Wireless

Telecommunication

Services)

.....

1,232

20,280

Sompo

Holdings,

Inc.

(Insurance)

......

423

39,100

Sony

Group

Corp.

(Household

Durables)

.

3,340

4,200

Square

Enix

Holdings

Co.

Ltd.

(Entertainment)

...............

161

12,354

Subaru

Corp.

(Automobiles)

..........

280

7,000

SUMCO

Corp.

(Semiconductors

&

Semiconductor

Equipment)(b)

.....

110

20,840

Sumitomo

Corp.

(Trading

Companies

&

Distributors)

.................

500

14,320

Sumitomo

Electric

Industries

Ltd.

(Automobile

Components)

.......

221

5,000

Sumitomo

Metal

Mining

Co.

Ltd.

(Metals

&

Mining)

.....................

148

49,203

Sumitomo

Mitsui

Financial

Group,

Inc.

(Banks)

.....................

2,872

17,200

Sumitomo

Mitsui

Trust

Holdings,

Inc.

(Banks)

.....................

370

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Japan

(continued)

5,700

Sumitomo

Realty

&

Development

Co.

Ltd.

(Real

Estate

Management

&

Development)

................

$

211

7,600

Suntory

Beverage

&

Food

Ltd.

(Beverages)

256

31,600

Suzuki

Motor

Corp.

(Automobiles)

.....

359

10,200

Sysmex

Corp.

(Health

Care

Equipment

&

Supplies)

....................

181

10,000

T&D

Holdings,

Inc.

(Insurance)

.......

174

6,150

Taisei

Corp.

(Construction

&

Engineering)

224

37,445

Takeda

Pharmaceutical

Co.

Ltd.

(Pharmaceuticals)

.............

1,039

7,800

TDK

Corp.

(Electronic

Equipment,

Instruments

&

Components)

......

381

27,000

Terumo

Corp.

(Health

Care

Equipment

&

Supplies)

....................

492

17,200

The

Chiba

Bank

Ltd.

(Banks)

.........

142

27,610

The

Kansai

Electric

Power

Co.,

Inc.

(Electric

Utilities)

.............

392

4,400

TIS,

Inc.

(IT

Services)

..............

94

9,000

Tobu

Railway

Co.

Ltd.

(Ground

Transportation)

...............

224

5,800

Toho

Co.

Ltd.

(Entertainment)

.........

193

37,920

Tokio

Marine

Holdings,

Inc.

(Insurance)

.

1,184

53,300

Tokyo

Electric

Power

Co.

Holdings,

Inc.

(Electric

Utilities)(a)

...........

323

14,780

Tokyo

Electron

Ltd.

(Semiconductors

&

Semiconductor

Equipment)

.......

3,835

15,300

Tokyo

Gas

Co.

Ltd.

(Gas

Utilities)

......

347

20,500

Tokyu

Corp.

(Ground

Transportation)

...

249

4,700

TOPPAN

Holdings,

Inc.

(Commercial

Services

&

Supplies)

...........

117

27,800

Toray

Industries,

Inc.

(Chemicals)

......

133

2,800

TOTO

Ltd.

(Building

Products)^

.......

78

3,000

Toyota

Industries

Corp.

(Machinery)

....

311

214,800

Toyota

Motor

Corp.

(Automobiles)

.....

5,402

4,300

Toyota

Tsusho

Corp.

(Trading

Companies

&

Distributors)

.................

293

4,400

Trend

Micro,

Inc.

(Software)

..........

223

12,100

Unicharm

Corp.

(Household

Products)

...

385

21,600

USS

Co.

Ltd.

(Specialty

Retail)^

.......

178

15,800

West

Japan

Railway

Co.

(Ground

Transportation)(b)

.............

329

13,600

Yakult

Honsha

Co.

Ltd.

(Food

Products)^

.

278

3,000

Yamaha

Corp.

(Leisure

Products)^

......

65

18,300

Yamaha

Motor

Co.

Ltd.

(Automobiles)

..

168

13,400

Yamato

Holdings

Co.

Ltd.

(Air

Freight

&

Logistics)

...................

192

4,800

Yaskawa

Electric

Corp.

(Machinery)

....

203

4,400

Yokogawa

Electric

Corp.

(Electronic

Equipment,

Instruments

&

Components)

.................

101

5,500

Zensho

Holdings

Co.

Ltd.

(Hotels,

Restaurants

&

Leisure)^

.........

229

102

HC

CAPITAL

TRUST

The

Institutional

International

Equity

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Japan

(continued)

5,800

ZOZO,

Inc.

(Specialty

Retail)(b)

.......

$

143

97,968

Jordan

—

0.02%

8,903

Hikma

Pharmaceuticals

PLC

(Pharmaceuticals)(b)

...........

216

Luxembourg

—

0.25%

10,266

ArcelorMittal

SA

(Metals

&

Mining)

....

282

6,346

Eurofins

Scientific

SE

(Life

Sciences

Tools

&

Services)

..................

405

85,058

Tenaris

SA

(Energy

Equipment

&

Services)

1,680

2,367

Macau

—

0.01%

48,660

Sands

China

Ltd.

(Hotels,

Restaurants

&

Leisure)(a)

..................

137

Netherlands

—

3.03%

11,532

ABN

AMRO

Bank

N.V.

(Banks)

.......

197

441

Adyen

N.V.

(Financial

Services)(a)(b)

...

746

30,951

Aegon

Ltd.

(Insurance)

..............

189

3,423

Akzo

Nobel

N.V.

(Chemicals)

.........

255

1,205

Argenx

SE

(Biotechnology)(a)

........

476

3,012

ASM

International

N.V.

(Semiconductors

&

Semiconductor

Equipment)

.......

1,839

9,493

ASML

Holding

N.V.

(Semiconductors

&

Semiconductor

Equipment)(b)

.....

9,135

6,752

ASR

Nederland

N.V.

(Insurance)

.......

331

1,547

BE

Semiconductor

Industries

N.V.

(Semiconductors

&

Semiconductor

Equipment)

..................

237

4,835

Euronext

N.V.

(Capital

Markets)

.......

460

2,799

EXOR

N.V.

(Financial

Services)

.......

311

5,050

Heineken

Holding

N.V.

(Beverages)

....

408

21,590

Heineken

N.V.

(Beverages)

...........

2,080

1,143

IMCD

N.V.

(Trading

Companies

&

Distributors)(b)

...............

201

155,254

ING

Groep

N.V.

(Banks)

.............

2,554

16,202

JDE

Peet's

N.V.

(Food

Products)(b)

.....

340

30,108

Koninklijke

Ahold

Delhaize

N.V.

(Consumer

Staples

Distribution

&

Retail)

.....

900

173,675

Koninklijke

KPN

N.V.

(Diversified

Telecommunication

Services)

.....

650

15,837

Koninklijke

Philips

N.V.

(Health

Care

Equipment

&

Supplies)(a)

.......

318

7,036

NN

Group

N.V.

(Insurance)

...........

325

11,699

OCI

N.V.

(Chemicals)(b)

............

321

29,622

Prosus

N.V.

(Broadline

Retail)(b)

......

929

11,583

QIAGEN

N.V.

(Life

Sciences

Tools

&

Services)

....................

495

2,214

Randstad

N.V.

(Professional

Services)

...

117

44,703

Stellantis

N.V.

(Automobiles)

.........

1,270

47,533

Stellantis

N.V.

(Automobiles)

.........

1,345

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Netherlands

(continued)

57,853

Universal

Music

Group

N.V.

(Entertainment)

...............

$

1,740

6,468

Wolters

Kluwer

N.V.

(Professional

Services)

1,013

29,182

New

Zealand

—

0.08%

26,594

Auckland

International

Airport

Ltd.

(Transportation

Infrastructure)

.....

133

11,677

Fisher

&

Paykel

Healthcare

Corp.

Ltd.

(Health

Care

Equipment

&

Supplies)

179

14,981

Mercury

NZ

Ltd.

(Electric

Utilities)

.....

62

25,473

Meridian

Energy

Ltd.

(Independent

Power

and

Renewable

Electricity

Producers)

90

36,890

Spark

New

Zealand

Ltd.

(Diversified

Telecommunication

Services)

.....

105

2,887

Xero

Ltd.

(Software)(a)

.............

250

819

Norway

—

0.36%

7,297

Adevinta

ASA

(Interactive

Media

&

Services)(a)

..................

77

6,340

Aker

BP

ASA

(Oil,

Gas

&

Consumable

Fuels)

......................

158

79,204

DNB

Bank

ASA

(Banks)

............

1,569

18,075

Equinor

ASA

(Oil,

Gas

&

Consumable

Fuels)

......................

477

7,610

Gjensidige

Forsikring

ASA

(Insurance)

..

111

2,389

Kongsberg

Gruppen

ASA

(Aerospace

&

Defense)

....................

165

9,337

Mowi

ASA

(Food

Products)(b)

........

171

26,286

Norsk

Hydro

ASA

(Metals

&

Mining)

...

144

27,855

Orkla

ASA

(Food

Products)

..........

196

1,321

Salmar

ASA

(Food

Products)

.........

87

20,226

Telenor

ASA

(Diversified

Telecommunication

Services)

.....

225

3,344

Yara

International

ASA

(Chemicals)

....

106

3,486

Portugal

—

0.05%

62,958

EDP

-

Energias

de

Portugal

SA

(Electric

Utilities)

....................

244

9,113

Galp

Energia

SGPS

SA

(Oil,

Gas

&

Consumable

Fuels)(b)

..........

151

5,681

Jeronimo

Martins

SGPS

SA

(Consumer

Staples

Distribution

&

Retail)(b)

...

113

508

Singapore

—

0.53%

109,738

CapitaLand

Ascendas

REIT

(Industrial

REITs)

.....................

225

106,824

CapitaLand

Integrated

Commercial

Trust

(Retail

REITs)

................

157

52,200

CapitaLand

Investment

Ltd.

(Real

Estate

Management

&

Development)

.....

104

103

HC

CAPITAL

TRUST

The

Institutional

International

Equity

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Singapore

(continued)

10,900

City

Developments

Ltd.

(Real

Estate

Management

&

Development)

.....

$

47

36,731

DBS

Group

Holdings

Ltd.

(Banks)

.....

979

236,200

Genting

Singapore

Ltd.

(Hotels,

Restaurants

&

Leisure)

...................

155

36,886

Grab

Holdings

Ltd.

(Ground

Transportation)

(a)

........................

116

6,600

Jardine

Cycle

&

Carriage

Ltd.

(Industrial

Conglomerates)

...............

119

30,800

Keppel

Ltd.

(Industrial

Conglomerates)

..

167

69,690

Mapletree

Logistics

Trust

(Industrial

REITs)

75

51,100

Mapletree

Pan

Asia

Commercial

Trust

(Retail

REITs)

................

48

67,937

Oversea-Chinese

Banking

Corp.

Ltd.

(Banks)

.....................

679

7,531

Sea

Ltd.,

ADR

(Entertainment)(a)

......

404

1,586,887

Seatrium

Ltd.

(Machinery)(a)

.........

93

26,700

Sembcorp

Industries

Ltd.

(Multi-Utilities)

107

29,900

Singapore

Airlines

Ltd.

(Passenger

Airlines)

(b)

........................

142

34,600

Singapore

Exchange

Ltd.

(Capital

Markets)

237

66,000

Singapore

Technologies

Engineering

Ltd.

(Aerospace

&

Defense)

.........

196

198,540

Singapore

Telecommunications

Ltd.

(Diversified

Telecommunication

Services)

....................

372

25,400

United

Overseas

Bank

Ltd.

(Banks)

.....

552

38,100

Wilmar

International

Ltd.

(Food

Products)

97

5,071

South

Korea

—

0.14%

882

Samsung

Electronics

Co.

Ltd.,

GDR

(Technology

Hardware,

Storage

&

Peripherals)

..................

1,312

Spain

—

1.21%

1,022

Acciona

SA

(Electric

Utilities)

........

124

4,234

ACS

Actividades

de

Construccion

y

Servicios

SA

(Construction

&

Engineering)

.................

177

1,505

Aena

SME

SA

(Transportation

Infrastructure)

................

296

27,237

Amadeus

IT

Group

SA

(Hotels,

Restaurants

&

Leisure)

...................

1,746

118,305

Banco

Bilbao

Vizcaya

Argentaria

SA

(Banks)

.....................

1,409

327,633

Banco

Santander

SA

(Banks)(b)

.......

1,599

76,308

CaixaBank

SA

(Banks)

..............

370

12,558

Cellnex

Telecom

SA

(Diversified

Telecommunication

Services)(b)

...

444

6,210

Corp.

ACCIONA

Energias

Renovables

SA

(Independent

Power

and

Renewable

Electricity

Producers)

...........

135

6,163

EDP

Renovaveis

SA

(Independent

Power

and

Renewable

Electricity

Producers)

83

18,752

Enagas

SA

(Gas

Utilities)(b)

..........

279

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Spain

(continued)

11,062

Endesa

SA

(Electric

Utilities)

.........

$

204

10,714

Ferrovial

SE

(Construction

&

Engineering)

424

6,422

Grifols

SA

(Biotechnology)(a)

.........

58

126,363

Iberdrola

SA

(Electric

Utilities)

........

1,567

22,069

Industria

de

Diseno

Textil

SA

(Specialty

Retail)

......................

1,111

6,747

Naturgy

Energy

Group

SA

(Gas

Utilities)

.

146

23,989

Redeia

Corp.

SA

(Electric

Utilities)

.....

409

25,102

Repsol

SA

(Oil,

Gas

&

Consumable

Fuels)

418

147,259

Telefonica

SA

(Diversified

Telecommunication

Services)

.....

650

11,649

Sweden

—

1.38%

6,011

Alfa

Laval

AB

(Machinery)

..........

236

20,109

Assa

Abloy

AB,

Class

-

B

(Building

Products)

....................

577

53,891

Atlas

Copco

AB,

Class

-

A

(Machinery)

..

910

31,863

Atlas

Copco

AB,

Class

-

B

(Machinery)

..

471

10,958

Autoliv,

Inc.

(Automobile

Components)

..

1,321

8,161

Beijer

Ref

AB

(Trading

Companies

&

Distributors)^

................

121

7,321

Boliden

AB

(Metals

&

Mining)

........

203

13,222

Epiroc

AB,

Class

-

A

(Machinery)

......

248

8,321

Epiroc

AB,

Class

-

B

(Machinery)

......

141

7,845

EQT

AB

(Capital

Markets)

...........

248

18,522

Essity

AB,

Class

-

B

(Household

Products)

440

3,788

Evolution

AB

(Hotels,

Restaurants

&

Leisure)

....................

471

13,679

Fastighets

AB

Balder,

B

shares

(Real

Estate

Management

&

Development)(a)

...

101

7,283

Getinge

AB,

B

shares

(Health

Care

Equipment

&

Supplies)

.........

146

12,958

H

&

M

Hennes

&

Mauritz

AB,

Class

-

B

(Specialty

Retail)

..............

211

42,356

Hexagon

AB,

Class

-

B

(Electronic

Equipment,

Instruments

&

Components)

.................

501

4,334

Holmen

AB,

B

shares

(Paper

&

Forest

Products)

....................

176

6,699

Husqvarna

AB,

B

shares

(Machinery)

...

57

2,824

Industrivarden

AB,

Class

-

A

(Financial

Services)(b)

..................

97

3,815

Industrivarden

AB,

Class

-

C

(Financial

Services)

....................

131

5,482

Indutrade

AB

(Machinery)

...........

150

2,888

Investment

AB

Latour,

Class

-

B

(Industrial

Conglomerates)

...............

76

35,055

Investor

AB,

Class

-

B

(Financial

Services)

880

2,178

L

E

Lundbergforetagen

AB,

Class

-

B

(Financial

Services)

............

118

4,677

Lifco

AB,

Class

-

B

(Industrial

Conglomerates)

...............

122

30,282

Nibe

Industrier

AB,

Class

-

B

(Building

Products)

....................

149

104

HC

CAPITAL

TRUST

The

Institutional

International

Equity

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Sweden

(continued)

3,585

Saab

AB,

Class

-

B

(Aerospace

&

Defense)

$

319

4,220

Sagax

AB,

Class

-

B

(Real

Estate

Management

&

Development)

.....

111

21,392

Sandvik

AB

(Machinery)

............

475

16,038

Securitas

AB,

Class

-

B

(Commercial

Services

&

Supplies)

...........

166

36,712

Skandinaviska

Enskilda

Banken

AB,

Class

-

A

(Banks)

...................

497

6,826

Skanska

AB,

Class

-

B

(Construction

&

Engineering)^

................

122

6,837

SKF

AB,

B

shares

(Machinery)

........

140

17,746

Svenska

Cellulosa

AB

SCA,

Class

-

B

(Paper

&

Forest

Products)^

.......

273

38,715

Svenska

Handelsbanken

AB,

Class

-

A

(Banks)^

....................

392

21,677

Swedbank

AB,

Class

-

A

(Banks)

.......

430

8,671

Swedish

Orphan

Biovitrum

AB

(Biotechnology)(a)

.............

216

27,486

Tele2

AB,

B

shares

(Wireless

Telecommunication

Services)

.....

226

74,998

Telefonaktiebolaget

LM

Ericsson,

Class

-

B

(Communications

Equipment)^

....

404

108,436

Telia

Co.

AB

(Diversified

Telecommunication

Services)(b)

...

278

4,018

Volvo

AB,

Class

-

A

(Machinery)

.......

111

30,581

Volvo

AB,

Class

-

B

(Machinery)

......

829

15,373

Volvo

Car

AB,

Class

-

B

(Automobiles)(a)

(b)

........................

58

13,349

Switzerland

—

5.35%

32,277

ABB

Ltd.,

Registered

Shares

(Electrical

Equipment)

..................

1,499

3,210

Adecco

Group

AG

(Professional

Services)

(b)

........................

127

25,556

Alcon,

Inc.

(Health

Care

Equipment

&

Supplies)

....................

2,119

1,882

Avolta

AG,

Registered

Shares

(Specialty

Retail)(a)(b)

.................

78

720

Bachem

Holding

AG

(Life

Sciences

Tools

&

Services)

....................

69

3,024

Baloise

Holding

AG,

Registered

Shares

(Insurance)

..................

474

4,147

Banque

Cantonale

Vaudoise,

Registered

Shares

(Banks)

................

482

319

Barry

Callebaut

AG,

Registered

Shares

(Food

Products)(b)

.............

463

3,042

BKW

AG

(Electric

Utilities)

..........

467

5

Chocoladefabriken

Lindt

&

Spruengli

AG

(Food

Products)

...............

603

20

Chocoladefabriken

Lindt

&

Spruengli

AG,

Class

-

PC

(Food

Products)

.......

239

18,655

Cie

Financiere

Richemont

SA,

Registered

Shares

(Textiles,

Apparel

&

Luxury

Goods)

.....................

2,845

4,678

Clariant

AG,

Registered

Shares

(Chemicals)

63

7,351

Coca-Cola

HBC

AG

(Beverages)

.......

232

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Switzerland

(continued)

3,731

DSM-Firmenich

AG

(Chemicals)

......

$

424

141

EMS-Chemie

Holding

AG

(Chemicals)

..

108

671

Geberit

AG,

Registered

Shares

(Building

Products)

....................

397

212

Givaudan

SA,

Registered

Shares

(Chemicals)

..................

944

210,009

Glencore

PLC

(Metals

&

Mining)(b)

....

1,154

2,149

Helvetia

Holding

AG,

Registered

Shares

(Insurance)

..................

296

10,901

Holcim

AG

(Construction

Materials)(b)

..

987

4,133

Julius

Baer

Group

Ltd.

(Capital

Markets)

.

239

1,115

Kuehne

+

Nagel

International

AG,

Registered

Shares

(Marine

Transportation)

...............

310

3,299

Logitech

International

SA,

Registered

Shares

(Technology

Hardware,

Storage

&

Peripherals)

................

295

3,850

Lonza

Group

AG,

Registered

Shares

(Life

Sciences

Tools

&

Services)(b)

.....

2,307

67,013

Nestle

SA,

Registered

Shares

(Food

Products)

....................

7,117

56,176

Novartis

AG,

Registered

Shares

(Pharmaceuticals)

.............

5,444

38,213

On

Holding

AG,

Class

-

A

(Textiles,

Apparel

&

Luxury

Goods)(a)

............

1,352

455

Partners

Group

Holding

AG

(Capital

Markets)

....................

650

14,896

Roche

Holding

AG

(Pharmaceuticals)

...

3,794

4,981

Roche

Holding

AG,

Class

-

BR

(Pharmaceuticals)

.............

1,342

8,215

Sandoz

Group

AG

(Pharmaceuticals)(a)

..

248

1,050

Schindler

Holding

AG,

Class

-

PC

(Machinery)

.................

265

509

Schindler

Holding

AG,

Registered

Shares

(Machinery)

.................

124

4,688

SGS

SA,

Registered

Shares

(Professional

Services)^(b)

.................

455

12,421

SIG

Group

AG

(Containers

&

Packaging)(b)

275

7,227

Sika

AG,

Registered

Shares

(Chemicals)(b)

2,153

1,042

Sonova

Holding

AG

(Health

Care

Equipment

&

Supplies)(b)

.......

302

40,968

STMicroelectronics

N.V.

(Semiconductors

&

Semiconductor

Equipment)

.....

1,764

2,239

Straumann

Holding

AG,

Registered

Shares

(Health

Care

Equipment

&

Supplies)

358

704

Swiss

Life

Holding

AG

(Insurance)

.....

494

5,833

Swiss

Prime

Site

AG,

Registered

Shares

(Real

Estate

Management

&

Development)

................

550

7,998

Swiss

Re

AG

(Insurance)

............

1,028

1,307

Swisscom

AG,

Registered

Shares

(Diversified

Telecommunication

Services)

....................

799

1,375

Temenos

AG,

Registered

Shares

(Software)

98

1,141

The

Swatch

Group

AG

(Textiles,

Apparel

&

Luxury

Goods)

...............

52

105

HC

CAPITAL

TRUST

The

Institutional

International

Equity

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Switzerland

(continued)

563

The

Swatch

Group

AG,

Class

-

BR

(Textiles,

Apparel

&

Luxury

Goods)

.......

$

131

109,825

UBS

Group

AG

(Capital

Markets)

......

3,379

542

VAT

Group

AG

(Machinery)

..........

281

3,537

Zurich

Insurance

Group

AG

(Insurance)

..

1,907

51,583

Taiwan

—

0.14%

9,638

Taiwan

Semiconductor

Manufacturing

Co.

Ltd.,

ADR

(Semiconductors

&

Semiconductor

Equipment)

.......

1,311

United

Kingdom

—

7.09%

19,913

3i

Group

PLC

(Capital

Markets)

.......

706

37,839

abrdn

PLC

(Capital

Markets)

.........

67

10,509

Admiral

Group

PLC

(Insurance)

.......

376

25,494

Anglo

American

PLC

(Metals

&

Mining)

.

628

8,785

Ashtead

Group

PLC

(Trading

Companies

&

Distributors)

.................

625

6,915

Associated

British

Foods

PLC

(Food

Products)

....................

218

42,024

AstraZeneca

PLC

(Pharmaceuticals)(b)

..

5,663

27,400

Auto

Trader

Group

PLC

(Interactive

Media

&

Services)(b)

................

243

57,130

Aviva

PLC

(Insurance)

..............

358

157,690

BAE

Systems

PLC

(Aerospace

&

Defense)

2,686

896,223

Barclays

PLC

(Banks)(b)

............

2,072

19,248

Barratt

Developments

PLC

(Household

Durables)(b)

.................

116

2,134

Berkeley

Group

Holdings

PLC

(Household

Durables)

...................

128

551,001

BP

PLC

(Oil,

Gas

&

Consumable

Fuels)

.

3,447

47,612

British

American

Tobacco

PLC

(Tobacco)

1,446

184,888

BT

Group

PLC

(Diversified

Telecommunication

Services)

.....

255

13,405

Bunzl

PLC

(Trading

Companies

&

Distributors)

.................

516

7,292

Burberry

Group

PLC

(Textiles,

Apparel

&

Luxury

Goods)(b)

.............

112

184,105

Centrica

PLC

(Multi-Utilities)(b)

.......

296

6,207

Coca-Cola

Europacific

Partners

PLC

(Beverages)

..................

434

77,660

Compass

Group

PLC

(Hotels,

Restaurants

&

Leisure)

....................

2,276

4,885

Croda

International

PLC

(Chemicals)(b)

.

302

80,754

Diageo

PLC

(Beverages)

............

2,981

17,603

Endeavour

Mining

PLC

(Metals

&

Mining)

357

12,803

Entain

PLC

(Hotels,

Restaurants

&

Leisure)

(b)

........................

129

150,869

GSK

PLC

(Pharmaceuticals)

..........

3,252

222,732

Haleon

PLC

(Personal

Care

Products)

...

936

10,167

Halma

PLC

(Electronic

Equipment,

Instruments

&

Components)

......

304

6,904

Hargreaves

Lansdown

PLC

(Capital

Markets)

....................

64

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

United

Kingdom

(continued)

387,778

HSBC

Holdings

PLC

(Banks)

.........

$

3,029

25,045

Imperial

Brands

PLC

(Tobacco)

.......

560

27,761

Informa

PLC

(Media)

...............

291

3,317

InterContinental

Hotels

Group

PLC

(Hotels,

Restaurants

&

Leisure)

..........

345

5,875

Intertek

Group

PLC

(Professional

Services)

370

111,678

J

Sainsbury

PLC

(Consumer

Staples

Distribution

&

Retail)

...........

381

56,001

JD

Sports

Fashion

PLC

(Specialty

Retail)

95

51,673

Kingfisher

PLC

(Specialty

Retail)

......

163

14,197

Land

Securities

Group

PLC

(Diversified

REITs)

.....................

118

119,949

Legal

&

General

Group

PLC

(Insurance)

.

385

1,295,961

Lloyds

Banking

Group

PLC

(Banks)

....

846

22,098

London

Stock

Exchange

Group

PLC

(Capital

Markets)(b)

............

2,647

46,682

M&G

PLC

(Financial

Services)

........

130

27,008

Melrose

Industries

PLC

(Aerospace

&

Defense)

....................

229

8,856

Mondi

PLC

(Paper

&

Forest

Products)

...

156

96,880

National

Grid

PLC

(Multi-Utilities)

.....

1,303

532,931

NatWest

Group

PLC

(Banks)(b)

.......

1,785

2,417

Next

PLC

(Broadline

Retail)

..........

282

12,629

Ocado

Group

PLC

(Consumer

Staples

Distribution

&

Retail)(a)(b)

......

73

30,712

Pearson

PLC

(Diversified

Consumer

Services)

....................

404

6,409

Persimmon

PLC

(Household

Durables)

..

106

14,964

Phoenix

Group

Holdings

PLC

(Insurance)

104

35,436

Reckitt

Benckiser

Group

PLC

(Household

Products)

....................

2,017

71,415

RELX

PLC

(Professional

Services)

.....

3,086

86,309

Rentokil

Initial

PLC

(Commercial

Services

&

Supplies)

..................

513

41,102

Rio

Tinto

PLC

(Metals

&

Mining)

......

2,602

170,681

Rolls-Royce

Holdings

PLC

(Aerospace

&

Defense)(a)

..................

919

16,172

Schroders

PLC

(Capital

Markets)

......

77

35,705

Segro

PLC

(Industrial

REITs)

.........

407

14,704

Severn

Trent

PLC

(Water

Utilities)(b)

...

458

169,949

Shell

PLC

(Oil,

Gas

&

Consumable

Fuels)

5,630

24,537

Smith

&

Nephew

PLC

(Health

Care

Equipment

&

Supplies)

.........

307

6,973

Smiths

Group

PLC

(Industrial

Conglomerates)

...............

144

1,902

Spirax-Sarco

Engineering

PLC

(Machinery)

241

32,582

SSE

PLC

(Electric

Utilities)

..........

678

10,800

St.

James's

Place

PLC

(Capital

Markets)

.

63

45,979

Standard

Chartered

PLC

(Banks)

.......

390

70,873

Taylor

Wimpey

PLC

(Household

Durables)

(b)

........................

123

216,141

Tesco

PLC

(Consumer

Staples

Distribution

&

Retail)

....................

809

39,189

The

Sage

Group

PLC

(Software)

.......

626

56,500

Unilever

PLC

(Personal

Care

Products)

..

2,835

106

HC

CAPITAL

TRUST

The

Institutional

International

Equity

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

United

Kingdom

(continued)

35,974

United

Utilities

Group

PLC

(Water

Utilities)

$

467

654,253

Vodafone

Group

PLC

(Wireless

Telecommunication

Services)

.....

582

3,877

Whitbread

PLC

(Hotels,

Restaurants

&

Leisure)

....................

162

12,895

Wise

PLC,

Class

-

A

(Financial

Services)(a)

151

21,565

WPP

PLC

(Media)

.................

205

68,287

United

States

—

0.16%

77,167

Coupang,

Inc.

(Broadline

Retail)(a)

.....

1,373

2,428

RB

Global,

Inc.

(Commercial

Services

&

Supplies)

....................

185

1,558

Total

Common

Stocks

..............

485,355

Investment

Companies

—

46.56%

Domestic

Equity

Funds

—

1.32%

259,300

BlackRock

Health

Sciences

Term

Trust

..

4,250

443,282

BlackRock

Innovation

and

Growth

Term

Trust

.......................

3,608

673,096

Neuberger

Berman

Energy

Infrastructure

and

Income

Fund,

Inc.

..........

4,961

12,819

International

Equity

Funds

—

26.47%

229,377

Aberforth

Smaller

Companies

Trust

PLC

.

3,902

516,982

Abrdn

UK

Smaller

Cos

Growth

Trust

PLC

2,923

164,056

Argo

Investments

Ltd.

..............

938

6,091

ASA

Gold

and

Precious

Metals

Ltd.

.....

94

472,756

Asia

Dragon

Trust

PLC

.............

2,088

244,362

Australian

Foundation

Investment

Co.

Ltd.^

1,173

1,614,892

AVI

Japan

Opportunity

Trust

PLC

......

2,659

2,996,697

Baillie

Gifford

European

Growth

Trust

PLC

3,729

1,910,133

Baillie

Gifford

Shin

Nippon

PLC

.......

2,917

1,423,762

Baillie

Gifford

UK

Growth

Trust

PLC

...

2,950

689,933

BlackRock

Enhanced

International

Dividend

Trust

.......................

3,815

387,672

BlackRock

Greater

Europe

Investment

Trust

PLC

.......................

3,121

181,428

BlackRock

Science

and

Technology

Term

Trust

.......................

3,520

181,243

CBRE

Global

Real

Estate

Income

Fund

..

975

349,849

European

Opportunities

Trust

PLC

.....

3,876

363,328

Fidelity

Emerging

Markets

Ltd.

........

3,026

127,000

Fidelity

European

Trust

PLC

..........

629

1,828,198

Fidelity

Japan

Trust

PLC

............

4,153

1,043,979

Fidelity

Special

Values

PLC

..........

3,807

2,118,994

Henderson

European

Focus

Trust

PLC

...

4,826

1,670,596

Henderson

EuroTrust

PLC

...........

3,289

478,765

iShares

Core

MSCI

EAFE

ETF

........

35,533

849,919

Japan

Smaller

Capitalization

Fund,

Inc.

..

6,782

Shares

Security

Description

Value

(000)

International

Equity

Funds

(continued)

1,862,113

JPMorgan

European

Discovery

Trust

PLC

$

10,938

7,782,827

JPMorgan

European

Growth

&

Income

PLC

10,214

893,288

JPMorgan

Japan

Small

Cap

Growth

&

Income

PLC

.................

3,573

1,525,143

JPMorgan

Japanese

Investment

Trust

PLC

10,431

1,670,107

Mercantile

Investment

Trust

PLC

......

4,826

115,735

Morgan

Stanley

China

A

Share

Fund,

Inc.

1,393

410,855

Neuberger

Berman

Next

Generation

Connectivity

Fund,

Inc.

.........

4,828

743,989

Oakley

Capital

Investments

Ltd.

.......

4,413

2,809,755

Polar

Capital

Global

Financials

Trust

PLC

5,822

190,094

Polar

Capital

Global

Healthcare

Trust

PLC

900

1,869,745

Regal

Asian

Investments

Ltd.^

........

2,485

2,692,880

Schroder

Japan

Trust

PLC

............

8,733

10,089,219

Schroders

Capital

Global

Innovation

Trust

1,630

219,097

Smithson

Investment

Trust

PLC

.......

3,948

845,841

Strategic

Equity

Capital

PLC

.........

3,432

1,151,235

Temple

Bar

Investment

Trust

PLC

......

3,494

1,941,780

Templeton

Emerging

Markets

Investment

Trust

PLC

...................

3,783

506,329

The

Baillie

Gifford

Japan

Trust

PLC

....

4,779

506,980

The

Edinburgh

Investment

Trust

PLC

...

4,414

1,725,905

The

European

Smaller

Cos.

...........

3,692

264,440

The

Monks

Investment

Trust

PLC

......

3,831

266,469

The

New

Germany

Fund,

Inc.

.........

2,321

904,496

Vanguard

FTSE

Developed

Markets

ETF

.

45,378

200,000

Witan

Investment

Trust

PLC

..........

631

1,058,150

Worldwide

Healthcare

Trust

PLC/Fund

..

4,473

255,087

Money

Market

Funds

—

18.77%

1,551,562

Federated

Hermes

Treasury

Obligations

Fund,

Institutional

Shares

,

5.17%^^(d)

1,552

179,377,622

State

Street

Institutional

Treasury

Plus

Money

Market

Fund,

Trust

Class

,

5.20%(d)

....................

179,378

180,930

Total

Investment

Companies

.........

448,836

Purchased

Options

on

Futures

—

0.00%

Total

Purchased

Options

on

Futures

...

39

Total

Investments

(cost

$778,488

)

—

96.91%

.....................

934,230

Other

assets

in

excess

of

liabilities

—

3.09%

......................

29,833

Net

Assets

-

100.00%

$

964,063

Amounts

designated

as

"—"

are

$0

or

have

been

rounded

to

$0.

107

HC

CAPITAL

TRUST

The

Institutional

International

Equity

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

The

following

table

reflects

the

percentage

of

total

net

assets

of

the

Portfolio

attributable

to

each

Specialist

Manager

as

of

March

31,

2024

Amounts

designated

as

"—"

indicate

the

Specialist

Manager

did

not

manage

any

holdings

in

that

category. 

^

All

or

part

of

this

security

was

on

loan

as

of

March

31,

2024.

^^

Purchased

with

cash

collateral

held

from

securities

lending.

The

value

of

the

collateral

could

include

collateral

held

for

securities

that

were

sold

on

or

before

March

31,

2024.

(a)

Represents

non-income

producing

security.

(b)

Represents

a

security

purchased

under

Rule

144A

or

Section

4(2)

and

is

exempt

from

registration

under

the

Securities

Act

of

1933,

as

amended,

or

is

otherwise

restricted

to

resale.

Certain

of

these

securities

may

be

resold

in

transactions

exempt

from

registration,

normally

to

qualified

institutional

buyers.

These

securities

have

been

deemed

liquid

by

the

Specialist

Manager.

(c)

Security

was

valued

using

significant

unobservable

inputs

as

of

March

31,

2024.

(d)

Annualized

7-day

yield

as

of

period-end.

ADR—American

Depositary

Receipt

ETF—Exchange-Traded

Fund

GDR—Global

Depositary

Receipt

REIT—Real

Estate

Investment

Trust

The

Institutional

International

Equity

Portfolio

City

of

London

Investment

Management

Company,

Limited

Mellon

Investments

Corporation

Parametric

Portfolio

Associates,

LLC

HC

Capital

Solutions

Monashee

Investment

Management,

LLC

Total

Common

Stocks

..............................................................................

—

50.35

%

—

—

—

50.35

%

Investment

Companies

....................................................................

19.71

%

0.20

%

18.12

%

0.01

%

8.52

%

46.56

%

Purchased

Options

on

Futures

........................................................

—

—

—

—

0.00

%

0.00

%

Other

Assets

(Liabilities)

................................................................

-0.01

%

0.29

%

0.82

%

—

1.99

%

3.09

%

Total

Net

Assets

.........................................................................

19.70

%

50.84

%

18.94

%

0.01

%

10.51

%

100.00

%

The

following

table

reflects

the

open

derivative

positions

held

by

the

Portfolio

as

of

March

31,

2024

.

Futures

Contracts

Purchased

*

Description

Number

of

Contracts

Expiration

Date

Notional

Amount

(000)

Value

and

Unrealized

Appreciation/

(Depreciation)

(000)

MSCI

EAFE

Index

Future

..................................

1,734

6/21/24

$

204,361

$

(545)

$

204,361

$

(545)

The

following

table

reflects

the

open

derivative

positions

held

by

the

Portfolio

as

of

March

31,

2024

.

Futures

Contracts

Sold

*

Description

Number

of

Contracts

Expiration

Date

Notional

Amount

(000)

Value

and

Unrealized

Appreciation/

(Depreciation)

(000)

E-Mini

S&P

500

Future

....................................

30

6/21/24

$

7,962

$

(125)

$

7,962

$

(125)

Total

Unrealized

Appreciation

.....................

$

—

Total

Unrealized

Depreciation

.....................

(670)

Total

Net

Unrealized

Appreciation/(Depreciation)

.......

$

(670)

*

Cash

has

been

pledged

as

collateral

for

futures

contracts

held

by

the

Portfolio.

108

HC

CAPITAL

TRUST

The

Institutional

International

Equity

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Options

on

Futures

Contracts

Exchange-traded

options

on

futures

contacts

written

as

of

March

31,

2024

were

as

follows:

Description

Put/Call

Number

of

Contracts

Notional

Amount

(000)

Exercise

Price

Expiration

Date

Value

(000)

E-Mini

S&P

500

Future

Option

.............

Put

17

$

3,846

$

4,525.00

4/19/24

$

(1)

E-Mini

S&P

500

Future

Option

.............

Put

16

3,480

4,350.00

4/19/24

(1)

E-Mini

S&P

500

Future

Option

.............

Put

14

3,028

4,325.00

4/19/24

(1)

E-Mini

S&P

500

Future

Option

.............

Put

5

1,300

5,200.00

4/19/24

(5)

E-Mini

S&P

500

Future

Option

.............

Put

18

3,960

4,400.00

4/19/24

(1)

E-Mini

S&P

500

Future

Option

.............

Put

20

4,425

4,425.00

4/19/24

(1)

E-Mini

S&P

500

Future

Option

.............

Put

14

3,115

4,450.00

4/19/24

(1)

E-Mini

S&P

500

Future

Option

.............

Put

15

3,375

4,500.00

4/19/24

(1)

E-Mini

S&P

500

Future

Option

.............

Put

3

765

5,100.00

4/26/24

(5)

E-Mini

S&P

500

Future

Option

.............

Put

5

1,300

5,200.00

4/30/24

(8)

E-Mini

S&P

500

Future

Option

.............

Put

10

2,263

4,525.00

4/30/24

(1)

E-Mini

S&P

500

Future

Option

.............

Put

16

3,856

4,820.00

4/30/24

(4)

E-Mini

S&P

500

Future

Option

.............

Put

16

3,800

4,750.00

4/30/24

(3)

E-Mini

S&P

500

Future

Option

.............

Put

15

3,544

4,725.00

4/30/24

(3)

E-Mini

S&P

500

Future

Option

.............

Put

2

465

4,650.00

4/30/24

—

E-Mini

S&P

500

Future

Option

.............

Put

19

4,394

4,625.00

4/30/24

(3)

E-Mini

S&P

500

Future

Option

.............

Put

23

5,290

4,600.00

4/30/24

(3)

E-Mini

S&P

500

Future

Option

.............

Put

11

2,516

4,575.00

4/30/24

(1)

E-Mini

S&P

500

Future

Option

.............

Put

17

4,216

4,960.00

4/30/24

(7)

E-Mini

S&P

500

Future

Option

.............

Put

8

1,820

4,550.00

4/30/24

(1)

E-Mini

S&P

500

Future

Option

.............

Put

4

996

4,980.00

5/10/24

(6)

E-Mini

S&P

500

Future

Option

.............

Put

19

4,560

4,800.00

5/17/24

(9)

E-Mini

S&P

500

Future

Option

.............

Put

23

5,549

4,825.00

5/17/24

(13)

E-Mini

S&P

500

Future

Option

.............

Put

29

6,851

4,725.00

5/17/24

(11)

E-Mini

S&P

500

Future

Option

.............

Put

28

6,580

4,700.00

5/17/24

(10)

E-Mini

S&P

500

Future

Option

.............

Put

33

7,713

4,675.00

5/17/24

(11)

E-Mini

S&P

500

Future

Option

.............

Put

13

3,023

4,650.00

5/17/24

(4)

E-Mini

S&P

500

Future

Option

.............

Put

8

1,850

4,625.00

5/17/24

(2)

E-Mini

S&P

500

Future

Option

.............

Put

8

1,800

4,500.00

5/17/24

(2)

E-Mini

S&P

500

Future

Option

.............

Put

10

2,225

4,450.00

5/17/24

(2)

E-Mini

S&P

500

Future

Option

.............

Put

12

2,655

4,425.00

5/17/24

(2)

E-Mini

S&P

500

Future

Option

.............

Put

32

7,599

4,750.00

5/17/24

(13)

E-Mini

S&P

500

Future

Option

.............

Put

8

1,740

4,350.00

5/17/24

(1)

E-Mini

S&P

500

Future

Option

.............

Put

8

1,940

4,850.00

5/17/24

(5)

E-Mini

S&P

500

Future

Option

.............

Put

4

985

4,925.00

5/17/24

(6)

E-Mini

S&P

500

Future

Option

.............

Put

3

716

4,775.00

5/17/24

(3)

E-Mini

S&P

500

Future

Option

.............

Put

2

482

4,815.00

5/17/24

(2)

E-Mini

S&P

500

Future

Option

.............

Put

13

3,104

4,775.00

5/17/24

(6)

E-Mini

S&P

500

Future

Option

.............

Put

8

1,980

4,950.00

5/17/24

(7)

E-Mini

S&P

500

Future

Option

.............

Put

8

1,980

4,950.00

5/17/24

(15)

E-Mini

S&P

500

Future

Option

.............

Put

4

970

4,850.00

5/31/24

(7)

E-Mini

S&P

500

Future

Option

.............

Put

7

1,698

4,850.00

5/31/24

(6)

E-Mini

S&P

500

Future

Option

.............

Put

7

1,715

4,900.00

5/31/24

(7)

E-Mini

S&P

500

Future

Option

.............

Put

4

972

4,860.00

5/31/24

(7)

E-Mini

S&P

500

Future

Option

.............

Put

5

1,205

4,820.00

5/31/24

(8)

E-Mini

S&P

500

Future

Option

.............

Put

4

968

4,840.00

5/31/24

(7)

E-Mini

S&P

500

Future

Option

.............

Put

6

1,461

4,870.00

5/31/24

(11)

109

HC

CAPITAL

TRUST

The

Institutional

International

Equity

Portfolio

Portfolio

of

Investments

(concluded)

—

March

31,

2024

(Unaudited)

Options

on

Futures

Contracts

(continued)

Description

Put/Call

Number

of

Contracts

Notional

Amount

(000)

Exercise

Price

Expiration

Date

Value

(000)

E-Mini

S&P

500

Future

Option

.............

Put

4

$

980

$

4,900.00

5/31/24

$

(8)

E-Mini

S&P

500

Future

Option

.............

Put

4

985

4,925.00

5/31/24

(8)

E-Mini

S&P

500

Future

Option

.............

Put

6

1,433

4,775.00

5/31/24

(8)

E-Mini

S&P

500

Future

Option

.............

Put

2

480

4,800.00

5/31/24

(3)

E-Mini

S&P

500

Future

Option

.............

Put

34

7,904

4,650.00

5/31/24

(16)

E-Mini

S&P

500

Future

Option

.............

Put

5

1,213

4,850.00

5/31/24

(8)

E-Mini

S&P

500

Future

Option

.............

Put

3

713

4,750.00

5/31/24

(4)

E-Mini

S&P

500

Future

Option

.............

Put

8

1,830

4,575.00

5/31/24

(3)

E-Mini

S&P

500

Future

Option

.............

Put

8

1,840

4,600.00

5/31/24

(3)

E-Mini

S&P

500

Future

Option

.............

Put

28

6,580

4,700.00

5/31/24

(15)

E-Mini

S&P

500

Future

Option

.............

Put

30

7,087

4,725.00

5/31/24

(17)

E-Mini

S&P

500

Future

Option

.............

Put

5

1,231

4,925.00

5/31/24

(5)

E-Mini

S&P

500

Future

Option

.............

Put

7

1,666

4,760.00

6/21/24

(14)

E-Mini

S&P

500

Future

Option

.............

Put

8

1,920

4,800.00

6/21/24

(18)

E-Mini

S&P

500

Future

Option

.............

Put

12

2,895

4,825.00

6/21/24

(15)

E-Mini

S&P

500

Future

Option

.............

Put

6

1,425

4,750.00

6/21/24

(6)

E-Mini

S&P

500

Future

Option

.............

Put

3

705

4,700.00

6/21/24

(5)

$

(390)

Exchanged-traded

options

on

futures

contacts

purchased

as

of

March

31,

2024

were

as

follows:

Description

Put/Call

Number

of

Contracts

Notional

Amount

(000)

Exercise

Price

Expiration

Date

Value

(000)

E-Mini

S&P

500

Future

Option

.............

Put

8

$

2,020

$

5,050.00

4/19/24

$

7

E-Mini

S&P

500

Future

Option

.............

Put

10

2,425

4,850.00

4/19/24

3

E-Mini

S&P

500

Future

Option

.............

Put

8

2,040

5,100.00

4/19/24

4

E-Mini

S&P

500

Future

Option

.............

Put

16

3,779

4,725.00

4/19/24

2

E-Mini

S&P

500

Future

Option

.............

Put

15

3,525

4,700.00

4/19/24

2

E-Mini

S&P

500

Future

Option

.............

Put

7

1,628

4,650.00

4/19/24

1

E-Mini

S&P

500

Future

Option

.............

Put

8

1,920

4,800.00

4/30/24

4

E-Mini

S&P

500

Future

Option

.............

Put

5

1,198

4,790.00

4/30/24

2

E-Mini

S&P

500

Future

Option

.............

Put

4

962

4,810.00

4/30/24

2

E-Mini

S&P

500

Future

Option

.............

Put

4

964

4,820.00

4/30/24

2

E-Mini

S&P

500

Future

Option

.............

Put

6

1,470

4,900.00

4/30/24

4

E-Mini

S&P

500

Future

Option

.............

Put

8

2,040

5,100.00

4/30/24

7

$

40

HC

CAPITAL

TRUST

The

Emerging

Markets

Portfolio

Portfolio

of

Investments

—

March

31,

2024

(Unaudited)

110

Shares

Security

Description

Value

(000)

Common

Stocks

—

84

.70

%

Brazil

—

4

.31

%

429,922

Ambev

SA

(

Beverages

)

.............

$

1,071

435,636

B3

SA

-

Brasil

Bolsa

Balcao

(

Capital

Markets

)

....................

1,042

230,432

Banco

Bradesco

SA

(

Banks

)

..........

585

514,150

Banco

Bradesco

SA

,

Preference

Shares

(

Banks

)

(a)

...................

1,462

35,932

Banco

BTG

Pactual

SA

(

Capital

Markets

)

(a)

261

90,794

Banco

do

Brasil

SA

(

Banks

)

..........

1,025

159,261

BB

Seguridade

Participacoes

SA

(

Insurance

)

1,033

48,968

Caixa

Seguridade

Participacoes

SA

(

Insurance

)

..................

153

80,534

CCR

SA

(

Transportation

Infrastructure

)

..

222

91,542

Centrais

Eletricas

Brasileiras

SA

(

Electric

Utilities

)

....................

761

8,701

Cia

de

Saneamento

Basico

do

Estado

de

Sao

Paulo

SABESP

(

Water

Utilities

)

...

147

444,892

Cia

Energetica

de

Minas

Gerais

,

Preference

Shares

(

Electric

Utilities

)

........

1,114

98,100

Cia

Siderurgica

Nacional

SA

(

Metals

&

Mining

)

.....................

307

25,620

Gerdau

SA

,

Preference

Shares

(

Metals

&

Mining

)

.....................

113

301,349

Hapvida

Participacoes

e

Investimentos

S/A

(

Health

Care

Providers

&

Services

)

(b)

222

414,005

Itau

Unibanco

Holding

SA

,

Preference

Shares

(

Banks

)

................

2,860

64,681

Itausa

SA

(

Banks

)

.................

135

64,365

JBS

S/A

(

Food

Products

)

............

276

144,200

Klabin

SA

(

Containers

&

Packaging

)

....

726

103,765

Localiza

Rent

a

Car

SA

(

Ground

Transportation

)

...............

1,131

153,824

Lojas

Renner

SA

(

Specialty

Retail

)

.....

521

462,500

Magazine

Luiza

SA

(

Broadline

Retail

)

(b)

.

166

97,849

Natura

&

Co.

Holding

SA

(

Personal

Care

Products

)

(a)

(b)

...............

349

487,445

Petroleo

Brasileiro

SA

(

Oil,

Gas

&

Consumable

Fuels

)

.............

3,722

184,422

Petroleo

Brasileiro

SA

,

Preference

Shares

(

Oil,

Gas

&

Consumable

Fuels

)

....

1,374

93,520

PRIO

SA

(

Oil,

Gas

&

Consumable

Fuels

)

(a)

909

223,600

Raia

Drogasil

SA

(

Consumer

Staples

Distribution

&

Retail

)

...........

1,220

45,616

Rede

D'Or

Sao

Luiz

SA

(

Health

Care

Providers

&

Services

)

...........

230

108,800

Rumo

SA

(

Ground

Transportation

)

(a)

...

483

41,400

Suzano

SA

(

Paper

&

Forest

Products

)

...

528

203,702

TIM

SA

(

Wireless

Telecommunication

Services

)

....................

723

241,811

Vale

SA

(

Metals

&

Mining

)

...........

2,934

49,658

Vibra

Energia

SA

(

Specialty

Retail

)

(a)

...

248

243,850

WEG

SA

(

Electrical

Equipment

)

.......

1,858

29,911

Chile

—

0

.44

%

23,065

Banco

de

Credito

e

Inversiones

SA

(

Banks

)

660

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Chile

(continued)

293,158

Empresas

CMPC

SA

(

Paper

&

Forest

Products

)

....................

$

596

7,657,528

Enel

Americas

SA

(

Electric

Utilities

)

....

747

7,027,795

Enel

Chile

SA

(

Electric

Utilities

)

.......

423

47,236

Falabella

SA

(

Broadline

Retail

)

(b)

......

124

11,341,129

Latam

Airlines

Group

SA

(

Passenger

Airlines

)

(b)

..................

141

7,697

Sociedad

Quimica

y

Minera

de

Chile

SA

,

Preference

Shares

(

Electrical

Equipment

)

..................

375

3,066

China

—

18

.70

%

77,365

360

Security

Technology,

Inc.

,

Class

-

A

(

Software

)

(b)

.................

95

14,000

AAC

Technologies

Holdings,

Inc.

(

Electronic

Equipment,

Instruments

&

Components

)

.................

47

2,150,000

Agricultural

Bank

of

China

Ltd.

,

H

Shares

(

Banks

)

.....................

907

75,400

Air

China

Ltd.

,

Class

-

A

(

Passenger

Airlines

)

(b)

..................

76

700,000

Air

China

Ltd.

,

H

Shares

(

Passenger

Airlines

)

(b)

..................

340

43,000

Akeso,

Inc.

(

Biotechnology

)

(b)

........

256

1,302,618

Alibaba

Group

Holding

Ltd.

(

Broadline

Retail

)

......................

11,693

314,000

Aluminum

Corp

of

China

Ltd.

,

H

Shares

(

Metals

&

Mining

)

.............

199

155,700

Aluminum

Corp.

of

China

Ltd.

,

Class

-

A

(

Metals

&

Mining

)

.............

153

6,300

Anjoy

Foods

Group

Co.

Ltd.

,

Class

-

A

(

Food

Products

)

...............

72

111,000

ANTA

Sports

Products

Ltd.

(

Textiles,

Apparel

&

Luxury

Goods

)

.......

1,180

5,814

Autohome,

Inc.

,

ADR

(

Interactive

Media

&

Services

)

....................

152

177,126

Baidu,

Inc.

(

Interactive

Media

&

Services

)

(b)

..................

2,324

5,524,100

Bank

of

China

Ltd.

,

H

Shares

(

Banks

)

...

2,280

1,399,000

Bank

of

Communications

Co.

Ltd.

,

H

Shares

(

Banks

)

.....................

919

281,350

Beijing

Dabeinong

Technology

Group

Co.

Ltd.

,

Class

-

A

(

Food

Products

)

....

192

9,449

Bilibili,

Inc.

,

ADR

(

Entertainment

)

(b)

...

106

4,040

Bilibili,

Inc.

,

Class

-

Z

(

Entertainment

)

(b)

46

32,000

BYD

Co.

Ltd.

(

Automobiles

)

(a)

.......

824

70,553

BYD

Co.

Ltd.

,

Class

-

A

(

Automobiles

)

..

2,034

115,500

BYD

Electronic

International

Co.

Ltd.

(

Communications

Equipment

)

.....

426

1,061,000

CGN

Power

Co.

Ltd.

,

H

Shares

(

Independent

Power

and

Renewable

Electricity

Producers

)

...........

315

60,100

Chengxin

Lithium

Group

Co.

Ltd.

,

Class

-

A

(

Chemicals

)

..................

160

432,000

China

Cinda

Asset

Management

Co.

Ltd.

,

H

Shares

(

Capital

Markets

)

(a)

......

36

111

HC

CAPITAL

TRUST

The

Emerging

Markets

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

China

(continued)

134,900

China

Communications

Services

Corp.

Ltd.

,

H

Shares

(

Construction

&

Engineering

)

.................

$

63

8,731,350

China

Construction

Bank

Corp.

,

H

Shares

(

Banks

)

.....................

5,267

30,800

China

CSSC

Holdings

Ltd.

,

Class

-

A

(

Machinery

)

.................

147

1,641,000

China

Everbright

Bank

Co.

Ltd.

,

H

Shares

(

Banks

)

.....................

472

110,000

China

Feihe

Ltd.

(

Food

Products

)

......

52

69,200

China

Galaxy

Securities

Co.

Ltd.

,

Class

-

A

(

Capital

Markets

)

..............

113

174,000

China

Galaxy

Securities

Co.

Ltd.

,

H

Shares

(

Capital

Markets

)

..............

85

53,600

China

International

Capital

Corp.

Ltd.

,

Class

-

A

(

Capital

Markets

)

...........

238

50,800

China

International

Capital

Corp.

Ltd.

,

H

Shares

(

Capital

Markets

)

........

60

1,115,000

China

Life

Insurance

Co.

Ltd.

,

H

Shares

(

Insurance

)

..................

1,338

108,200

China

Literature

Ltd.

(

Media

)

(a)

(b)

.....

362

290,000

China

Longyuan

Power

Group

Corp.

Ltd.

,

H

Shares

(

Independent

Power

and

Renewable

Electricity

Producers

)

..

203

126,000

China

Mengniu

Dairy

Co.

Ltd.

(

Food

Products

)

(a)

..................

270

77,800

China

Merchants

Bank

Co.

Ltd.

,

Class

-

A

(

Banks

)

.....................

346

410,500

China

Merchants

Bank

Co.

Ltd.

,

H

Shares

(

Banks

)

.....................

1,623

1,030,000

China

National

Building

Material

Co.

Ltd.

,

H

Shares

(

Construction

Materials

)

(a)

354

80,850

China

Northern

Rare

Earth

Group

High-

Tech

Co.

Ltd.

,

Class

-

A

(

Metals

&

Mining

)

.....................

214

72,200

China

Pacific

Insurance

Group

Co.

Ltd.

,

Class

-

A

(

Insurance

)

...........

226

584,800

China

Petroleum

&

Chemical

Corp.

,

Class

-

A

(

Oil,

Gas

&

Consumable

Fuels

)

..

503

1,643,400

China

Petroleum

&

Chemical

Corp.

,

H

Shares

(

Oil,

Gas

&

Consumable

Fuels

)

932

156,700

China

Railway

Group

Ltd.

,

Class

-

A

(

Construction

&

Engineering

)

.....

148

479,000

China

Shenhua

Energy

Co.

Ltd.

,

H

Shares

(

Oil,

Gas

&

Consumable

Fuels

)

....

1,882

9,400

China

Tourism

Group

Duty

Free

Corp.

Ltd.

,

Class

-

A

(

Specialty

Retail

)

.......

112

5,316,000

China

Tower

Corp.

Ltd.

,

H

Shares

(

Diversified

Telecommunication

Services

)

....................

611

71,100

China

Vanke

Co.

Ltd.

,

H

Shares

(

Real

Estate

Management

&

Development

)

(a)

...

49

97,800

China

Yangtze

Power

Co.

Ltd.

,

Class

-

A

(

Independent

Power

and

Renewable

Electricity

Producers

)

...........

336

12,400

Chongqing

Brewery

Co.

Ltd.

,

Class

-

A

(

Beverages

)

..................

111

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

China

(continued)

51,000

Chongqing

Changan

Automobile

Co.

Ltd.

,

Class

-

A

(

Automobiles

)

.........

$

121

55,650

Chongqing

Zhifei

Biological

Products

Co.

Ltd.

,

Class

-

A

(

Biotechnology

)

....

349

894,000

CITIC

Ltd.

(

Industrial

Conglomerates

)

...

859

189,765

CITIC

Securities

Co.

Ltd.

,

Class

-

A

(

Capital

Markets

)

....................

507

83,000

CITIC

Securities

Co.

Ltd.

,

H

Shares

(

Capital

Markets

)

....................

137

285,000

CMOC

Group

Ltd.

,

H

Shares

(

Metals

&

Mining

)

.....................

242

23,040

Contemporary

Amperex

Technology

Co.

Ltd.

,

Class

-

A

(

Electrical

Equipment

)

602

40,000

COSCO

SHIPPING

Energy

Transportation

Co.

Ltd.

,

Class

-

A

(

Oil,

Gas

&

Consumable

Fuels

)

.............

88

482,430

COSCO

SHIPPING

Holdings

Co.

Ltd.

,

Class

-

A

(

Marine

Transportation

)

..

693

124,800

COSCO

SHIPPING

Holdings

Co.

Ltd.

,

H

Shares

(

Marine

Transportation

)

....

131

1,222,000

Country

Garden

Holdings

Co.

Ltd.

(

Real

Estate

Management

&

Development

)

^

(b)

.............

76

195,678

Country

Garden

Services

Holdings

Co.

Ltd.

(

Real

Estate

Management

&

Development

)

................

125

118,100

CSC

Financial

Co.

Ltd.

,

Class

-

A

(

Capital

Markets

)

....................

359

712,000

CSPC

Pharmaceutical

Group

Ltd.

(

Pharmaceuticals

)

(a)

...........

559

73,400

Dongfang

Electric

Corp.

Ltd.

,

Class

-

A

(

Electrical

Equipment

)

..........

157

202,590

East

Money

Information

Co.

Ltd.

,

Class

-

A

(

Capital

Markets

)

..............

361

79,300

ENN

Energy

Holdings

Ltd.

(

Gas

Utilities

)

611

55,623

Eve

Energy

Co.

Ltd.

,

Class

-

A

(

Electrical

Equipment

)

..................

302

85,400

Fangda

Carbon

New

Material

Co.

Ltd.

,

Class

-

A

(

Electrical

Equipment

)

(b)

.

57

450,300

Focus

Media

Information

Technology

Co.

Ltd.

,

Class

-

A

(

Media

)

..........

405

58,660

Foshan

Haitian

Flavouring

&

Food

Co.

Ltd.

,

Class

-

A

(

Food

Products

)

........

321

67,000

Fosun

International

Ltd.

(

Industrial

Conglomerates

)

...............

35

25,400

Fujian

Sunner

Development

Co.

Ltd.

,

Class

-

A

(

Food

Products

)

............

55

110,000

Genscript

Biotech

Corp.

(

Life

Sciences

Tools

&

Services

)

(a)

(b)

.........

204

112,200

GF

Securities

Co.

Ltd.

,

Class

-

A

(

Capital

Markets

)

....................

208

85,000

GF

Securities

Co.

Ltd.

,

H

Shares

(

Capital

Markets

)

....................

88

2,400

Ginlong

Technologies

Co.

Ltd.

,

Class

-

A

(

Electrical

Equipment

)

..........

20

276,500

Great

Wall

Motor

Co.

Ltd.

(

Automobiles

)

307

37,800

Gree

Electric

Appliances,

Inc.

of

Zhuhai

,

Class

-

A

(

Household

Durables

)

....

205

112

HC

CAPITAL

TRUST

The

Emerging

Markets

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

China

(continued)

157,000

Guanghui

Energy

Co.

Ltd.

,

Class

-

A

(

Oil,

Gas

&

Consumable

Fuels

)

.......

$

157

598,000

Guangzhou

Automobile

Group

Co.

Ltd.

,

H

Shares

(

Automobiles

)

...........

245

12,766

H

World

Group

Ltd.

,

ADR

(

Hotels,

Restaurants

&

Leisure

)

..........

494

162,000

Haidilao

International

Holding

Ltd.

(

Hotels,

Restaurants

&

Leisure

)

..........

366

111,100

Haier

Smart

Home

Co.

Ltd.

,

Class

-

A

(

Household

Durables

)

...........

386

211,800

Haier

Smart

Home

Co.

Ltd.

,

H

Shares

(

Household

Durables

)

...........

659

100

Haitong

Securities

Co.

Ltd.

,

Class

-

A

(

Capital

Markets

)

..............

—

88,400

Haitong

Securities

Co.

Ltd.

,

H

Shares

(

Capital

Markets

)

..............

42

160,500

Hengan

International

Group

Co.

Ltd.

(

Personal

Care

Products

)

........

505

45,000

Hengli

Petrochemical

Co.

Ltd.

,

Class

-

A

(

Chemicals

)

(b)

................

85

10,100

Hithink

RoyalFlush

Information

Network

Co.

Ltd.

,

Class

-

A

(

Capital

Markets

)

188

137,000

Hua

Hong

Semiconductor

Ltd.

(

Semiconductors

&

Semiconductor

Equipment

)

(a)

(b)

..............

267

25,200

Huadong

Medicine

Co.

Ltd.

,

Class

-

A

(

Health

Care

Providers

&

Services

)

.

107

352,000

Huaneng

Power

International,

Inc.

,

H

Shares

(

Independent

Power

and

Renewable

Electricity

Producers

)

(a)

(b)

.......

207

100

Huatai

Securities

Co.

Ltd.

,

Class

-

A

(

Capital

Markets

)

....................

—

59,000

Huatai

Securities

Co.

Ltd.

,

H

Shares

(

Capital

Markets

)

....................

67

23,184

IEIT

Systems

Co.

Ltd.

,

Class

-

A

(

Technology

Hardware,

Storage

&

Peripherals

)

..................

142

56,000

Iflytek

Co.

Ltd.

,

Class

-

A

(

Software

)

....

384

6,214,440

Industrial

&

Commercial

Bank

of

China

Ltd.

,

H

Shares

(

Banks

)

..........

3,128

757,900

Inner

Mongolia

BaoTou

Steel

Union

Co.

Ltd.

,

Class

-

A

(

Metals

&

Mining

)

(b)

167

128,500

Innovent

Biologics,

Inc.

(

Biotechnology

)

(b)

619

22,650

iQIYI,

Inc.

,

ADR

(

Entertainment

)

(b)

....

96

84,050

JD

Health

International,

Inc.

(

Consumer

Staples

Distribution

&

Retail

)

(b)

...

297

177,057

JD.com,

Inc.

(

Broadline

Retail

)

........

2,441

1,180,000

Jiangsu

Expressway

Co.

Ltd.

,

H

Shares

(

Transportation

Infrastructure

)

.....

1,208

31

Jiangsu

Hengrui

Pharmaceuticals

Co.

Ltd.

,

Class

-

A

(

Pharmaceuticals

)

.......

—

75,900

Juneyao

Airlines

Co.

Ltd.

,

Class

-

A

(

Passenger

Airlines

)

(b)

..........

125

12,389

Kanzhun

Ltd.

,

ADR

(

Interactive

Media

&

Services

)

....................

217

54,155

KE

Holdings,

Inc.

,

ADR

(

Real

Estate

Management

&

Development

)

.....

744

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

China

(continued)

421,000

Kingdee

International

Software

Group

Co.

Ltd.

(

Software

)

(b)

.............

$

475

62,000

Kingsoft

Corp.

Ltd.

(

Entertainment

)

(a)

...

191

197,500

Kuaishou

Technology

,

Class

-

W

(

Interactive

Media

&

Services

)

(b)

...........

1,238

5,400

Kweichow

Moutai

Co.

Ltd.

,

Class

-

A

(

Beverages

)

..................

1,271

338,000

Lenovo

Group

Ltd.

(

Technology

Hardware,

Storage

&

Peripherals

)

..........

392

46,500

Lens

Technology

Co.

Ltd.

,

Class

-

A

(

Electronic

Equipment,

Instruments

&

Components

)

.................

87

101,414

Li

Auto,

Inc.

,

Class

-

A

(

Automobiles

)

(b)

.

1,572

229,000

Li

Ning

Co.

Ltd.

(

Textiles,

Apparel

&

Luxury

Goods

)

...............

609

158,000

Longfor

Group

Holdings

Ltd.

(

Real

Estate

Management

&

Development

)

(a)

...

223

131,819

Luxshare

Precision

Industry

Co.

Ltd.

,

Class

-

A

(

Electronic

Equipment,

Instruments

&

Components

)

...............

543

218,160

Meinian

Onehealth

Healthcare

Holdings

Co.

Ltd.

,

Class

-

A

(

Health

Care

Providers

&

Services

)

(b)

................

151

401,828

Meituan

,

Class

-

W

(

Hotels,

Restaurants

&

Leisure

)

(b)

..................

4,970

30,000

MINISO

Group

Holding

Ltd.

,

Class

-

A

(

Broadline

Retail

)

.............

154

7,280

Muyuan

Foods

Co.

Ltd.

,

Class

-

A

(

Food

Products

)

....................

42

168,600

NetEase,

Inc.

(

Entertainment

)

.........

3,507

20,200

New

China

Life

Insurance

Co.

Ltd.

,

Class

-

A

(

Insurance

)

.................

84

171,200

New

China

Life

Insurance

Co.

Ltd.

,

H

Shares

(

Insurance

)

.............

303

121,600

New

Oriental

Education

&

Technology

Group,

Inc.

(

Diversified

Consumer

Services

)

(b)

..................

1,059

121,605

NIO,

Inc.

,

ADR

(

Automobiles

)

(b)

......

547

33,800

Nongfu

Spring

Co.

Ltd.

,

H

Shares

(

Beverages

)

..................

182

111,600

Perfect

World

Co.

Ltd.

,

Class

-

A

(

Entertainment

)

...............

164

456,300

PetroChina

Co.

Ltd.

,

Class

-

A

(

Oil,

Gas

&

Consumable

Fuels

)

.............

584

1,264,000

PetroChina

Co.

Ltd.

,

H

Shares

(

Oil,

Gas

&

Consumable

Fuels

)

.............

1,080

330,000

PICC

Property

&

Casualty

Co.

Ltd.

,

H

Shares

(

Insurance

)

.............

435

532,517

Ping

An

Insurance

Group

Co.

of

China

Ltd.

(

Insurance

)

..................

2,249

71,500

Range

Intelligent

Computing

Technology

Group

Co.

Ltd.

(

Machinery

)

......

301

345,600

Rongsheng

Petrochemical

Co.

Ltd.

,

Class

-

A

(

Chemicals

)

................

519

45,700

SAIC

Motor

Corp.

Ltd.

,

Class

-

A

(

Automobiles

)

................

95

16,300

Seres

Group

Co.

Ltd.

,

Class

-

A

(

Automobiles

)

(b)

..............

205

113

HC

CAPITAL

TRUST

The

Emerging

Markets

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

China

(continued)

364,300

Shanghai

Electric

Group

Co.

Ltd.

,

Class

-

A

(

Electrical

Equipment

)

(b)

........

$

212

9,000

Shanghai

Junshi

Biosciences

Co.

Ltd.

,

Class

-

A

(

Biotechnology

)

(b)

..........

34

921,300

Shanghai

Pharmaceuticals

Holding

Co.

Ltd.

,

H

Shares

(

Health

Care

Providers

&

Services

)

....................

1,330

6,090

Shanghai

Putailai

New

Energy

Technology

Co.

Ltd.

,

Class

-

A

(

Chemicals

)

....

16

82,200

Shanxi

Meijin

Energy

Co.

Ltd.

,

Class

-

A

(

Metals

&

Mining

)

(b)

...........

73

57,920

Shenzhen

Kangtai

Biological

Products

Co.

Ltd.

,

Class

-

A

(

Biotechnology

)

....

175

99,700

Shenzhou

International

Group

Holdings

Ltd.

(

Textiles,

Apparel

&

Luxury

Goods

)

(a)

944

26,100

Sichuan

Kelun

Pharmaceutical

Co.

Ltd.

,

Class

-

A

(

Pharmaceuticals

)

.......

109

50,000

Silergy

Corp.

(

Semiconductors

&

Semiconductor

Equipment

)

.......

511

106,800

Sinopharm

Group

Co.

Ltd.

,

H

Shares

(

Health

Care

Providers

&

Services

)

.

274

169,000

Smoore

International

Holdings

Ltd.

(

Tobacco

)

^

..................

144

233,617

Songcheng

Performance

Development

Co.

Ltd.

,

Class

-

A

(

Hotels,

Restaurants

&

Leisure

)

....................

329

5,000

StarPower

Semiconductor

Ltd.

,

Class

-

A

(

Semiconductors

&

Semiconductor

Equipment

)

..................

100

12,100

Sungrow

Power

Supply

Co.

Ltd.

,

Class

-

A

(

Electrical

Equipment

)

..........

173

94,127

Sunny

Optical

Technology

Group

Co.

Ltd.

(

Electronic

Equipment,

Instruments

&

Components

)

.................

480

30,900

Suzhou

Dongshan

Precision

Manufacturing

Co.

Ltd.

,

Class

-

A

(

Electronic

Equipment,

Instruments

&

Components

)

.................

62

13,568

Suzhou

Maxwell

Technologies

Co.

Ltd.

,

Class

-

A

(

Semiconductors

&

Semiconductor

Equipment

)

.......

200

45,497

TAL

Education

Group

,

ADR

(

Diversified

Consumer

Services

)

(b)

..........

516

525,386

Tencent

Holdings

Ltd.

(

Interactive

Media

&

Services

)

(a)

..................

20,394

55,429

Tencent

Music

Entertainment

Group

,

ADR

(

Entertainment

)

(b)

.............

620

38,100

Trip.com

Group

Ltd.

(

Hotels,

Restaurants

&

Leisure

)

(b)

..................

1,680

30,940

Unisplendour

Corp.

Ltd.

,

Class

-

A

(

Electronic

Equipment,

Instruments

&

Components

)

(b)

...............

94

40,691

Vipshop

Holdings

Ltd.

,

ADR

(

Broadline

Retail

)

......................

673

81,675

Walvax

Biotechnology

Co.

Ltd.

,

Class

-

A

(

Biotechnology

)

...............

175

50,500

Weichai

Power

Co.

Ltd.

,

Class

-

A

(

Machinery

)

.................

114

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

China

(continued)

54,000

Weichai

Power

Co.

Ltd.

,

H

Shares

(

Machinery

)

.................

$

103

44,260

Wens

Foodstuffs

Group

Co.

Ltd.

,

Class

-

A

(

Food

Products

)

...............

114

134,279

Wuhan

Guide

Infrared

Co.

Ltd.

,

Class

-

A

(

Electronic

Equipment,

Instruments

&

Components

)

.................

135

19,900

Wuliangye

Yibin

Co.

Ltd.

,

Class

-

A

(

Beverages

)

..................

422

30,360

WUS

Printed

Circuit

Kunshan

Co.

Ltd.

,

Class

-

A

(

Electronic

Equipment,

Instruments

&

Components

)

......

128

27,200

WuXi

AppTec

Co.

Ltd.

,

Class

-

A

(

Life

Sciences

Tools

&

Services

)

.......

177

30,340

WuXi

AppTec

Co.

Ltd.

,

H

Shares

(

Life

Sciences

Tools

&

Services

)

.......

144

323,500

Wuxi

Biologics

Cayman,

Inc.

(

Life

Sciences

Tools

&

Services

)

(b)

...........

591

1,203,000

Xiaomi

Corp.

,

Class

-

W

(

Technology

Hardware,

Storage

&

Peripherals

)

(a)

(b)

..............

2,296

51,700

Xinjiang

Goldwind

Science

&

Technology

Co.

Ltd.

,

Class

-

A

(

Electrical

Equipment

)

..................

53

468,481

Xinyi

Solar

Holdings

Ltd.

(

Semiconductors

&

Semiconductor

Equipment

)

.....

363

98,064

XPeng,

Inc.

,

A

Shares

(

Automobiles

)

(b)

..

402

366,000

Yadea

Group

Holdings

Ltd.

(

Automobiles

)

(a)

..............

593

30,900

Yankuang

Energy

Group

Co.

Ltd.

,

Class

-

A

(

Oil,

Gas

&

Consumable

Fuels

)

....

99

219,000

Yankuang

Energy

Group

Co.

Ltd.

,

H

Shares

(

Oil,

Gas

&

Consumable

Fuels

)

....

460

60,970

Yealink

Network

Technology

Corp.

Ltd.

,

Class

-

A

(

Communications

Equipment

)

..................

212

76,440

Yintai

Gold

Co.

Ltd.

,

Class

-

A

(

Metals

&

Mining

)

(b)

..................

179

124,076

Yonyou

Network

Technology

Co.

Ltd.

,

Class

-

A

(

Software

)

............

207

45,851

Yum

China

Holdings,

Inc.

(

Hotels,

Restaurants

&

Leisure

)

..........

1,824

27,030

Yunda

Holding

Co.

Ltd.

,

Class

-

A

(

Air

Freight

&

Logistics

)

............

27

10,800

Yunnan

Energy

New

Material

Co.

Ltd.

,

Class

-

A

(

Chemicals

)

...........

61

73,000

Zai

Lab

Ltd.

(

Biotechnology

)

(b)

.......

120

13,100

Zhangzhou

Pientzehuang

Pharmaceutical

Co.

Ltd.

,

Class

-

A

(

Pharmaceuticals

)

418

51,400

Zhejiang

Century

Huatong

Group

Co.

Ltd.

,

Class

-

A

(

Entertainment

)

(b)

......

34

13,440

Zhejiang

Dingli

Machinery

Co.

Ltd.

,

Class

-

A

(

Machinery

)

................

104

1,509,720

Zhejiang

Expressway

Co.

Ltd.

,

H

Shares

(

Transportation

Infrastructure

)

.....

968

47,500

Zhejiang

Leapmotor

Technology

Co.

Ltd.

(

Automobiles

)

(b)

..............

159

114

HC

CAPITAL

TRUST

The

Emerging

Markets

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

China

(continued)

8,200

Zhejiang

Supor

Co.

Ltd.

,

Class

-

A

(

Household

Durables

)

...........

$

65

75,900

Zheshang

Securities

Co.

Ltd.

,

Class

-

A

(

Capital

Markets

)

..............

119

29,200

ZhongAn

Online

P&C

Insurance

Co.

Ltd.

,

H

Shares

(

Insurance

)

(b)

...........

47

15,300

Zhongji

Innolight

Co.

Ltd.

,

Class

-

A

(

Communications

Equipment

)

.....

327

63,500

Zhongsheng

Group

Holdings

Ltd.

(

Specialty

Retail

)

......................

110

530,500

Zijin

Mining

Group

Co.

Ltd.

,

Class

-

A

(

Metals

&

Mining

)

.............

1,182

218,000

Zijin

Mining

Group

Co.

Ltd.

,

H

Shares

(

Metals

&

Mining

)

.............

435

325,100

Zoomlion

Heavy

Industry

Science

and

Technology

Co.

Ltd.

,

Class

-

A

(

Machinery

)

.................

361

169,800

ZTE

Corp.

,

Class

-

A

(

Communications

Equipment

)

..................

645

96,000

ZTE

Corp.

,

H

Shares

(

Communications

Equipment

)

..................

191

27,491

ZTO

Express

Cayman,

Inc.

,

ADR

(

Air

Freight

&

Logistics

)

............

576

129,591

Colombia

—

0

.08

%

17,141

Bancolombia

SA

(

Banks

)

............

152

46,828

Bancolombia

SA

,

Preference

Shares

(

Banks

)

399

551

Cyprus

—

0

.00

%

7,712

TCS

Group

Holding

PLC

,

GDR

(

Banks

)

(b)

(c)

.................

—

Czech

Republic

—

0

.12

%

190,434

Moneta

Money

Bank

A/S

(

Banks

)

(a)

....

829

Egypt

—

0

.07

%

294,053

Commercial

International

Bank

-

Egypt

(CIB)

(

Banks

)

................

497

Greece

—

0

.37

%

239,049

Alpha

Services

and

Holdings

SA

(

Banks

)

(b)

420

262,846

Eurobank

Ergasias

Services

and

Holdings

SA

(

Banks

)

(b)

................

505

38,284

Hellenic

Telecommunications

Organization

SA

(

Diversified

Telecommunication

Services

)

....................

565

3,542

Mytilineos

SA

(

Industrial

Conglomerates

)

137

76,536

National

Bank

of

Greece

SA

(

Banks

)

(a)

(b)

598

84,553

Piraeus

Financial

Holdings

SA

(

Banks

)

(a)

(b)

.................

354

2,579

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Hong

Kong

—

1

.03

%

348,000

Alibaba

Health

Information

Technology

Ltd.

(

Consumer

Staples

Distribution

&

Retail

)

(a)

(b)

.................

$

141

1,039,733

Beijing

Enterprises

Water

Group

Ltd.

(

Water

Utilities

)

(a)

..................

231

270,000

China

Overseas

Land

&

Investment

Ltd.

(

Real

Estate

Management

&

Development

)

................

388

102,000

China

Resources

Beer

Holdings

Co.

Ltd.

(

Beverages

)

..................

470

633,761

China

Resources

Land

Ltd.

(

Real

Estate

Management

&

Development

)

.....

2,005

500,143

China

Resources

Power

Holdings

Co.

Ltd.

(

Independent

Power

and

Renewable

Electricity

Producers

)

...........

1,167

532,000

China

Ruyi

Holdings

Ltd.

(

Entertainment

)

(b)

.............

135

112,000

China

State

Construction

International

Holdings

Ltd.

(

Construction

&

Engineering

)

.................

122

79,400

China

Taiping

Insurance

Holdings

Co.

Ltd.

(

Insurance

)

(a)

................

69

1,172,000

Far

East

Horizon

Ltd.

(

Financial

Services

)

869

1,688,000

GCL

Technology

Holdings

Ltd.

(

Semiconductors

&

Semiconductor

Equipment

)

..................

276

536,000

Geely

Automobile

Holdings

Ltd.

(

Automobiles

)

(a)

..............

633

122,500

Kingboard

Holdings

Ltd.

(

Electronic

Equipment,

Instruments

&

Components

)

.................

250

735,000

Sino

Biopharmaceutical

Ltd.

(

Pharmaceuticals

)

(a)

...........

284

209,600

Yuexiu

Property

Co.

Ltd.

(

Real

Estate

Management

&

Development

)

.....

115

7,155

Hungary

—

0

.41

%

62,779

MOL

Hungarian

Oil

&

Gas

PLC

(

Oil,

Gas

&

Consumable

Fuels

)

...........

510

20,317

OTP

Bank

Nyrt

(

Banks

)

.............

936

54,565

Richter

Gedeon

Nyrt

(

Pharmaceuticals

)

..

1,385

2,831

India

—

16

.26

%

15,407

Adani

Enterprises

Ltd.

(

Trading

Companies

&

Distributors

)

...............

591

32,957

Adani

Green

Energy

Ltd.

(

Independent

Power

and

Renewable

Electricity

Producers

)

(b)

.................

725

123,743

Adani

Ports

&

Special

Economic

Zone

Ltd.

(

Transportation

Infrastructure

)

.....

1,991

96,565

Adani

Power

Ltd.

(

Independent

Power

and

Renewable

Electricity

Producers

)

(b)

618

212,891

Ambuja

Cements

Ltd.

(

Construction

Materials

)

...................

1,563

115

HC

CAPITAL

TRUST

The

Emerging

Markets

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

India

(continued)

8,752

Apollo

Hospitals

Enterprise

Ltd.

(

Health

Care

Providers

&

Services

)

.......

$

667

25,951

Asian

Paints

Ltd.

(

Chemicals

)

.........

886

34,614

Aurobindo

Pharma

Ltd.

(

Pharmaceuticals

)

(a)

...........

452

49,425

Avenue

Supermarts

Ltd.

(

Consumer

Staples

Distribution

&

Retail

)

(a)

(b)

......

2,682

259,886

Axis

Bank

Ltd.

(

Banks

)

(a)

...........

3,263

17,379

Bajaj

Auto

Ltd.

(

Automobiles

)

........

1,906

34,104

Bajaj

Finance

Ltd.

(

Consumer

Finance

)

(a)

2,963

77,010

Bajaj

Finserv

Ltd.

(

Financial

Services

)

...

1,518

216,368

Bharat

Petroleum

Corp.

Ltd.

(

Oil,

Gas

&

Consumable

Fuels

)

(a)

...........

1,563

127,685

Bharti

Airtel

Ltd.

(

Wireless

Telecommunication

Services

)

(a)

...

1,881

72,438

CG

Power

&

Industrial

Solutions

Ltd.

(

Electrical

Equipment

)

..........

470

8,842,285

Chennai

Super

Kings

Cricket

Ltd.

(

Entertainment

)

(b)

(c)

...........

11,503

75,285

Cholamandalam

Investment

and

Finance

Co.

Ltd.

(

Consumer

Finance

)

.....

1,044

445,809

Coal

India

Ltd.

(

Oil,

Gas

&

Consumable

Fuels

)

(a)

....................

2,321

15,000

Cummins

India

Ltd.

(

Machinery

)

.......

541

77,823

DLF

Ltd.

(

Real

Estate

Management

&

Development

)

(a)

..............

837

22,142

Dr.

Reddy's

Laboratories

Ltd.

,

ADR

(

Pharmaceuticals

)

.............

1,624

17,545

Eicher

Motors

Ltd.

(

Automobiles

)

(a)

....

846

478,101

GAIL

India

Ltd.

(

Gas

Utilities

)

........

1,038

138,532

HCL

Technologies

Ltd.

(

IT

Services

)

....

2,564

228,795

HDFC

Bank

Ltd.

(

Banks

)

............

3,972

14,600

Hindustan

Aeronautics

Ltd.

(

Aerospace

&

Defense

)

....................

582

46,133

Hindustan

Unilever

Ltd.

(

Personal

Care

Products

)

(a)

..................

1,253

495,827

ICICI

Bank

Ltd.

(

Banks

)

(a)

...........

6,500

208,399

Indian

Oil

Corp.

Ltd.

(

Oil,

Gas

&

Consumable

Fuels

)

.............

419

3,542

Info

Edge

India

Ltd.

(

Interactive

Media

&

Services

)

....................

237

233,876

Infosys

Ltd.

(

IT

Services

)

............

4,201

17,988

InterGlobe

Aviation

Ltd.

(

Passenger

Airlines

)

(a)

(b)

................

765

480,232

ITC

Ltd.

(

Tobacco

)

(a)

...............

2,467

296,119

Jio

Financial

Services

Ltd.

(

Financial

Services

)

(b)

..................

1,256

60,146

Kotak

Mahindra

Bank

Ltd.

(

Banks

)

(a)

...

1,288

41,894

Larsen

&

Toubro

Ltd.

(

Construction

&

Engineering

)

(a)

...............

1,891

43,286

Mahindra

&

Mahindra

Ltd.

(

Automobiles

)

(a)

..............

997

2,948

Maruti

Suzuki

India

Ltd.

(

Automobiles

)

..

445

543,033

NTPC

Ltd.

(

Independent

Power

and

Renewable

Electricity

Producers

)

(a)

2,187

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

India

(continued)

231,740

Oil

&

Natural

Gas

Corp.

Ltd.

(

Oil,

Gas

&

Consumable

Fuels

)

(a)

...........

$

745

31,703

Pidilite

Industries

Ltd.

(

Chemicals

)

.....

1,146

133,161

Power

Finance

Corp.

Ltd.

(

Financial

Services

)

....................

623

189,691

Power

Grid

Corp.

of

India

Ltd.

(

Electric

Utilities

)

....................

630

84,255

REC

Ltd.

(

Financial

Services

)

.........

456

290,485

Reliance

Industries

Ltd.

(

Oil,

Gas

&

Consumable

Fuels

)

.............

10,350

30,301

SBI

Life

Insurance

Co.

Ltd.

(

Insurance

)

..

545

5,875

Shree

Cement

Ltd.

(

Construction

Materials

)

(a)

.................

1,809

6,652

Shriram

Finance

Ltd.

(

Consumer

Finance

)

(a)

..................

188

234,732

State

Bank

of

India

(

Banks

)

(a)

........

2,118

76,178

Sun

Pharmaceutical

Industries

Ltd.

(

Pharmaceuticals

)

.............

1,480

792,468

Suzlon

Energy

Ltd.

(

Electrical

Equipment

)

(b)

................

384

65,618

Tata

Consultancy

Services

Ltd.

(

IT

Services

)

(a)

..................

3,050

191,775

Tata

Motors

Ltd.

(

Automobiles

)

(a)

.....

2,283

557,034

Tata

Steel

Ltd.

(

Metals

&

Mining

)

......

1,041

38,639

Titan

Co.

Ltd.

(

Textiles,

Apparel

&

Luxury

Goods

)

.....................

1,761

15,343

Trent

Ltd.

(

Specialty

Retail

)

..........

726

9,539

Tube

Investments

of

India

Ltd.

(

Automobile

Components

)

.................

427

22,694

UltraTech

Cement

Ltd.

(

Construction

Materials

)

...................

2,653

145,714

United

Spirits

Ltd.

(

Beverages

)

........

1,982

172,397

Vedanta

Ltd.

(

Metals

&

Mining

)

(a)

.....

562

345,442

Wipro

Ltd.

(

IT

Services

)

(a)

...........

1,989

1,074,947

Yes

Bank

Ltd.

(

Banks

)

(b)

............

299

450,806

Zomato

Ltd.

(

Hotels,

Restaurants

&

Leisure

)

(b)

..................

984

112,748

Indonesia

—

1

.48

%

360,200

Aneka

Tambang

Tbk

(

Metals

&

Mining

)

.

36

32,225,600

GoTo

Gojek

Tokopedia

Tbk

PT

(

Broadline

Retail

)

(b)

...................

140

2,110,400

PT

Astra

International

Tbk

(

Industrial

Conglomerates

)

...............

686

4,904,385

PT

Bank

Central

Asia

Tbk

(

Banks

)

.....

3,118

5,393,700

PT

Bank

Rakyat

Indonesia

Persero

Tbk

(

Banks

)

.....................

2,060

833,271

PT

Barito

Pacific

Tbk

(

Chemicals

)

......

50

1,875,600

PT

Charoen

Pokphand

Indonesia

Tbk

(

Food

Products

)

....................

621

345,000

PT

Indah

Kiat

Pulp

&

Paper

Tbk

(

Paper

&

Forest

Products

)

...............

208

2,093,700

PT

Indofood

Sukses

Makmur

Tbk

(

Food

Products

)

....................

842

9,480,935

PT

Kalbe

Farma

Tbk

(

Pharmaceuticals

)

..

882

116

HC

CAPITAL

TRUST

The

Emerging

Markets

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Indonesia

(continued)

237,400

PT

Merdeka

Copper

Gold

Tbk

(

Metals

&

Mining

)

(a)

(b)

................

$

34

621,400

PT

Semen

Indonesia

Persero

Tbk

(

Construction

Materials

)

.........

231

5,748,850

PT

Telkom

Indonesia

Persero

Tbk

(

Diversified

Telecommunication

Services

)

(a)

..................

1,259

63,800

PT

United

Tractors

Tbk

(

Oil,

Gas

&

Consumable

Fuels

)

.............

97

10,264

Ireland

(Republic

of)

—

0

.81

%

48,284

PDD

Holdings,

Inc.

,

ADR

(

Broadline

Retail

)

(b)

...................

5,613

Korea,

Republic

Of

—

0

.11

%

1,017

Cosmo

AM&T

Co.

Ltd.

(

Technology

Hardware,

Storage

&

Peripherals

)

(b)

123

2,605

Hanjin

Kal

Corp.

(

Passenger

Airlines

)

...

115

893

HYBE

Co.

Ltd.

(

Entertainment

)

.......

152

2,178

Kum

Yang

Co.

Ltd.

(

Chemicals

)

(b)

.....

183

3,445

Meritz

Financial

Group,

Inc.

(

Financial

Services

)

....................

209

782

Kuwait

—

0

.44

%

346,467

Boubyan

Bank

KSCP

(

Banks

)

.........

698

717,706

Kuwait

Finance

House

KSCP

(

Banks

)

...

1,866

163,585

National

Bank

of

Kuwait

SAKP

(

Banks

)

.

511

3,075

Malaysia

—

1

.39

%

241,900

AMMB

Holdings

Berhad

(

Banks

)

......

213

60,200

CELCOMDIGI

Berhad

(

Wireless

Telecommunication

Services

)

.....

54

1,093,800

IHH

Healthcare

Berhad

(

Health

Care

Providers

&

Services

)

...........

1,394

1,283,100

IOI

Corp.

Berhad

(

Food

Products

)

......

1,072

378,796

Malayan

Banking

Berhad

(

Banks

)

......

773

647,000

Malaysia

Airports

Holdings

Berhad

(

Transportation

Infrastructure

)

.....

1,354

581,500

Maxis

Berhad

(

Wireless

Telecommunication

Services

)

(a)

..................

414

15,300

Petronas

Gas

Berhad

(

Gas

Utilities

)

.....

57

754,700

Press

Metal

Aluminium

Holdings

Berhad

(

Metals

&

Mining

)

(a)

...........

744

1,142,400

Public

Bank

Berhad

(

Banks

)

..........

1,017

1,123,400

QL

Resources

Berhad

(

Food

Products

)

...

1,396

558,900

Sime

Darby

Berhad

(

Industrial

Conglomerates

)

...............

307

879,000

Sime

Darby

Plantation

Berhad

(

Food

Products

)

....................

808

9,603

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Mexico

—

2

.31

%

1,291,300

America

Movil

SAB

de

CV

,

Class

-

B

(

Wireless

Telecommunication

Services

)

....................

$

1,210

1,050,300

Cemex

SAB

de

CV

(

Construction

Materials

)

(b)

.................

927

138,800

Coca-Cola

Femsa

SAB

de

CV

(

Beverages

)

1,339

156,300

Fibra

Uno

Administracion

SA

de

CV

(

Diversified

REITs

)

(a)

..........

260

282,169

Fomento

Economico

Mexicano

SAB

de

CV

(

Beverages

)

..................

3,661

43,945

Grupo

Aeroportuario

del

Sureste

SAB

de

CV

,

Class

-

B

(

Transportation

Infrastructure

)

................

1,386

142,198

Grupo

Bimbo

SAB

de

CV

,

Class

-

A

(

Food

Products

)

....................

671

152,000

Grupo

Financiero

Banorte

SAB

de

CV

,

Class

-

O

(

Banks

)

..............

1,613

404,517

Grupo

Mexico

SAB

de

CV

,

Class

-

B

(

Metals

&

Mining

)

.............

2,388

454,300

Kimberly-Clark

de

Mexico

SAB

de

CV

,

Class

-

A

(

Household

Products

)

....

1,055

439,825

Orbia

Advance

Corp

SAB

de

CV

(

Chemicals

)

..................

919

56,466

Prologis

Property

Mexico

SA

de

CV

(

Industrial

REITs

)

(a)

...........

247

80,000

Wal-Mart

de

Mexico

SAB

de

CV

(

Consumer

Staples

Distribution

&

Retail

)

......................

322

15,998

Peru

—

0

.27

%

13,704

Cia

de

Minas

Buenaventura

SAA

,

ADR

(

Metals

&

Mining

)

.............

218

9,691

Credicorp

Ltd.

(

Banks

)

..............

1,642

1,860

Philippines

—

0

.82

%

1,181,140

Aboitiz

Equity

Ventures,

Inc.

(

Industrial

Conglomerates

)

(a)

.............

985

535,100

Ayala

Land,

Inc.

(

Real

Estate

Management

&

Development

)

(a)

............

307

1,663,713

Metropolitan

Bank

&

Trust

Co.

(

Banks

)

..

1,928

17,765

PLDT,

Inc.

(

Wireless

Telecommunication

Services

)

....................

433

117,693

SM

Investments

Corp.

(

Industrial

Conglomerates

)

...............

2,035

5,688

Poland

—

0

.76

%

54,859

Bank

Polska

Kasa

Opieki

SA

(

Banks

)

(a)

.

2,500

789

Budimex

SA

(

Construction

&

Engineering

)

(a)

...............

138

3,287

CD

Projekt

SA

(

Entertainment

)

........

96

1,239

Dino

Polska

SA

(

Consumer

Staples

Distribution

&

Retail

)

(b)

........

120

117

HC

CAPITAL

TRUST

The

Emerging

Markets

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Poland

(continued)

3,670

KGHM

Polska

Miedz

SA

(

Metals

&

Mining

)

.....................

$

105

50

LPP

SA

(

Textiles,

Apparel

&

Luxury

Goods

)

192

31,120

ORLEN

SA

(

Oil,

Gas

&

Consumable

Fuels

)

507

69,554

Powszechna

Kasa

Oszczednosci

Bank

Polski

SA

(

Banks

)

.............

1,034

48,013

Powszechny

Zaklad

Ubezpieczen

SA

(

Insurance

)

(a)

................

587

5,279

Qatar

—

0

.75

%

46,759

Industries

Qatar

QSC

(

Industrial

Conglomerates

)

...............

154

962,524

Masraf

Al

Rayan

QSC

(

Banks

)

........

628

370,757

Mesaieed

Petrochemical

Holding

Co.

(

Chemicals

)

..................

200

121,012

Qatar

Fuel

QSC

(

Oil,

Gas

&

Consumable

Fuels

)

......................

491

55,762

Qatar

International

Islamic

Bank

QSC

(

Banks

)

.....................

167

187,807

Qatar

Islamic

Bank

SAQ

(

Banks

)

......

980

508,820

Qatar

National

Bank

QPSC

(

Banks

)

.....

1,985

459,841

The

Commercial

Bank

PSQC

(

Banks

)

...

623

5,228

Russia

—

0

.00

%

877,850

Gazprom

PJSC

(

Oil,

Gas

&

Consumable

Fuels

)

(b)

(c)

..................

—

280,855

Gazprom

PJSC

,

ADR

(

Oil,

Gas

&

Consumable

Fuels

)

(b)

(c)

........

—

23,471

LUKOIL

PJSC

(

Oil,

Gas

&

Consumable

Fuels

)

(b)

(c)

..................

—

32,986

LUKOIL

PJSC

(

Oil,

Gas

&

Consumable

Fuels

)

(c)

....................

—

102,050

Novatek

PJSC

(

Oil,

Gas

&

Consumable

Fuels

)

(c)

....................

—

38,369

Polymetal

International

PLC

(

Metals

&

Mining

)

(b)

(c)

................

—

3,734

Polyus

PJSC

(

Metals

&

Mining

)

(b)

(c)

...

—

357,956

Sberbank

of

Russia

PJSC

(

Banks

)

(b)

(c)

..

—

113,164

Severstal

PAO

,

GDR

(

Metals

&

Mining

)

(b)

(c)

................

—

125,880

Tatneft

PJSC

(

Oil,

Gas

&

Consumable

Fuels

)

(b)

(c)

..................

—

766,486

The

Moscow

Exchange

(

Capital

Markets

)

(c)

—

814,600,000

VTB

Bank

PJSC

(

Banks

)

(b)

(c)

........

—

31,318

Yandex

N.V.

,

Class

-

A

(

Interactive

Media

&

Services

)

(b)

(c)

................

—

—

Saudi

Arabia

—

3

.45

%

159,310

Al

Rajhi

Bank

(

Banks

)

..............

3,529

4,497

Almarai

Co.

JSC

(

Food

Products

)

......

69

77,181

Banque

Saudi

Fransi

(

Banks

)

.........

802

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Saudi

Arabia

(continued)

21,193

Bupa

Arabia

for

Cooperative

Insurance

Co.

(

Insurance

)

..................

$

1,491

285,772

Dar

Al

Arkan

Real

Estate

Development

Co.

(

Real

Estate

Management

&

Development

)

(b)

..............

1,053

3,020

Dr.

Sulaiman

Al

Habib

Medical

Services

Group

Co.

(

Health

Care

Providers

&

Services

)

....................

253

7,918

Elm

Co.

(

IT

Services

)

...............

2,025

17,324

Mobile

Telecommunications

Co.

Saudi

Arabia

(

Wireless

Telecommunication

Services

)

....................

58

172,781

Riyad

Bank

(

Banks

)

................

1,373

49,704

SABIC

Agri-Nutrients

Co.

(

Chemicals

)

..

1,625

46,591

Sahara

International

Petrochemical

Co.

(

Chemicals

)

..................

384

228,943

Saudi

Arabian

Mining

Co.

(

Metals

&

Mining

)

(b)

..................

3,083

78,176

Saudi

Arabian

Oil

Co.

(

Oil,

Gas

&

Consumable

Fuels

)

.............

641

71,146

Saudi

Awwal

Bank

(

Banks

)

(a)

.........

787

62,760

Saudi

Basic

Industries

Corp.

(

Chemicals

)

.

1,307

72,167

Saudi

Industrial

Investment

Group

(

Chemicals

)

..................

431

110,340

Saudi

Kayan

Petrochemical

Co.

(

Chemicals

)

(b)

................

265

6,543

Saudi

Tadawul

Group

Holding

Co.

(

Capital

Markets

)

....................

476

121,265

Saudi

Telecom

Co.

(

Diversified

Telecommunication

Services

)

(a)

...

1,280

221,316

The

Saudi

National

Bank

(

Banks

)

......

2,408

37,378

The

Savola

Group

(

Food

Products

)

.....

563

23,903

South

Africa

—

2

.28

%

43,142

Absa

Group

Ltd.

(

Banks

)

............

338

7,411

Anglo

American

Platinum

Ltd.

(

Metals

&

Mining

)

.....................

301

30,260

Aspen

Pharmacare

Holdings

Ltd.

(

Pharmaceuticals

)

.............

351

61,875

Bid

Corp.

Ltd.

(

Consumer

Staples

Distribution

&

Retail

)

...........

1,509

6,145

Capitec

Bank

Holdings

Ltd.

(

Banks

)

....

680

229,901

Discovery

Ltd.

(

Insurance

)

(a)

.........

1,465

583,993

FirstRand

Ltd.

(

Financial

Services

)

^

....

1,904

57,103

Gold

Fields

Ltd.

(

Metals

&

Mining

)

(a)

...

917

48,655

Impala

Platinum

Holdings

Ltd.

(

Metals

&

Mining

)

.....................

201

221,637

MTN

Group

Ltd.

(

Wireless

Telecommunication

Services

)

.....

1,097

16,704

Naspers

Ltd.

,

Class

-

N

(

Broadline

Retail

)

2,961

20,893

Nedbank

Group

Ltd.

(

Banks

)

(a)

.......

252

144,156

Old

Mutual

Ltd.

(

Insurance

)

..........

89

15,002

Remgro

Ltd.

(

Financial

Services

)

......

97

34,236

Sanlam

Ltd.

(

Insurance

)

(a)

...........

125

54,300

Sasol

Ltd.

(

Chemicals

)

..............

420

118

HC

CAPITAL

TRUST

The

Emerging

Markets

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

South

Africa

(continued)

9,822

Shoprite

Holdings

Ltd.

(

Consumer

Staples

Distribution

&

Retail

)

...........

$

128

455,387

Sibanye

Stillwater

Ltd.

(

Metals

&

Mining

)

522

198,044

Standard

Bank

Group

Ltd.

(

Banks

)

.....

1,938

31,869

The

Bidvest

Group

Ltd.

(

Industrial

Conglomerates

)

^

..............

408

22,743

Woolworths

Holdings

Ltd.

(

Broadline

Retail

)

(a)

....................

71

15,774

South

Korea

—

10

.55

%

2,121

Amorepacific

Corp.

(

Personal

Care

Products

)

....................

191

12,808

Celltrion,

Inc.

(

Biotechnology

)

(a)

......

1,749

2,884

CJ

CheilJedang

Corp.

(

Food

Products

)

...

626

22,426

Coway

Co.

Ltd.

(

Household

Durables

)

...

938

10,846

DB

Insurance

Co.

Ltd.

(

Insurance

)

(a)

....

776

56,450

Doosan

Enerbility

Co.

Ltd.

(

Electrical

Equipment

)

(a)

(b)

..............

735

3,858

Ecopro

BM

Co.

Ltd.

(

Electrical

Equipment

)

795

1,553

Ecopro

Co.

Ltd.

(

Chemicals

)

..........

759

1,990

GS

Holdings

Corp.

(

Industrial

Conglomerates

)

...............

72

14,221

Hana

Financial

Group,

Inc.

(

Banks

)

.....

622

2,925

Hankook

Tire

&

Technology

Co.

Ltd.

(

Automobile

Components

)

.......

118

25,998

Hanon

Systems

(

Automobile

Components

)

115

1,907

Hanwha

Aerospace

Co.

Ltd.

(

Aerospace

&

Defense

)

....................

294

6,585

Hanwha

Solutions

Corp.

(

Chemicals

)

....

135

9,376

HD

Korea

Shipbuilding

&

Offshore

Engineering

Co.

Ltd.

(

Machinery

)

(b)

837

9,227

HLB,

Inc.

(

Health

Care

Equipment

&

Supplies

)

(b)

..................

752

16,423

HMM

Co.

Ltd.

(

Marine

Transportation

)

..

192

20,595

Hyundai

Engineering

&

Construction

Co.

Ltd.

(

Construction

&

Engineering

)

..

509

8,869

Hyundai

Mobis

Co.

Ltd.

(

Automobile

Components

)

.................

1,723

5,485

Hyundai

Motor

Co.

(

Automobiles

)

.....

966

6,687

Hyundai

Motor

Co.

,

Preference

Shares

(

Automobiles

)

................

785

11,127

Hyundai

Motor

Co.

,

Series

2

,

Preference

Shares

(

Automobiles

)

...........

1,296

11,325

Industrial

Bank

of

Korea

(

Banks

)

(b)

....

117

18,004

Kakao

Corp.

(

Interactive

Media

&

Services

)

(b)

..................

728

16,639

KakaoBank

Corp.

(

Banks

)

...........

347

61,371

Kangwon

Land,

Inc.

(

Hotels,

Restaurants

&

Leisure

)

....................

749

27,540

KB

Financial

Group,

Inc.

(

Banks

)

......

1,438

25,407

Kia

Corp.

(

Automobiles

)

............

2,114

77,662

Korea

Electric

Power

Corp.

(

Electric

Utilities

)

(b)

..................

1,275

2,360

Krafton,

Inc.

(

Entertainment

)

(b)

.......

438

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

South

Korea

(continued)

17,714

KT&G

Corp.

(

Tobacco

)

(a)

...........

$

1,233

7,095

Kumho

Petrochemical

Co.

Ltd.

(

Chemicals

)

741

929

L&F

Co.

Ltd.

(

Electrical

Equipment

)

....

122

3,143

LG

Chem

Ltd.

(

Chemicals

)

...........

1,027

1,665

LG

Chem

Ltd.

,

Preference

Shares

(

Chemicals

)

..................

371

2,303

LG

Corp.

(

Industrial

Conglomerates

)

(a)

..

150

34,897

LG

Display

Co.

Ltd.

(

Electronic

Equipment,

Instruments

&

Components

)

(b)

....

274

4,131

LG

Electronics,

Inc.

(

Household

Durables

)

297

2,766

LG

Energy

Solution

Ltd.

(

Electrical

Equipment

)

(b)

................

825

1,179

LG

H&H

Co.

Ltd.

(

Personal

Care

Products

)

339

2,237

LG

Innotek

Co.

Ltd.

(

Electronic

Equipment,

Instruments

&

Components

)

......

328

65,000

Mirae

Asset

Securities

Co.

Ltd.

(

Capital

Markets

)

....................

393

11,210

NAVER

Corp.

(

Interactive

Media

&

Services

)

....................

1,558

3,222

POSCO

Future

M

Co.

Ltd.

(

Electrical

Equipment

)

..................

724

6,030

POSCO

Holdings,

Inc.

(

Metals

&

Mining

)

1,886

3,251

POSCO

International

Corp.

(

Trading

Companies

&

Distributors

)

.......

128

2,116

Samsung

Biologics

Co.

Ltd.

(

Life

Sciences

Tools

&

Services

)

(b)

...........

1,309

2,052

Samsung

C&T

Corp.

(

Industrial

Conglomerates

)

...............

244

5,357

Samsung

Electro-Mechanics

Co.

Ltd.

(

Electronic

Equipment,

Instruments

&

Components

)

.................

597

368,770

Samsung

Electronics

Co.

Ltd.

(

Technology

Hardware,

Storage

&

Peripherals

)

..

22,136

57,211

Samsung

Electronics

Co.

Ltd.

,

Preference

Shares

(

Technology

Hardware,

Storage

&

Peripherals

)

................

2,856

41,188

Samsung

Engineering

Co.

Ltd.

(

Construction

&

Engineering

)

(a)

(b)

.

771

7,638

Samsung

Fire

&

Marine

Insurance

Co.

Ltd.

(

Insurance

)

..................

1,753

4,007

Samsung

SDI

Co.

Ltd.

(

Electronic

Equipment,

Instruments

&

Components

)

.................

1,421

44,912

Shinhan

Financial

Group

Co.

Ltd.

(

Banks

)

1,575

45,837

SK

Hynix,

Inc.

(

Semiconductors

&

Semiconductor

Equipment

)

.......

6,068

433

SK

IE

Technology

Co.

Ltd.

(

Chemicals

)

(b)

24

6,875

SK

Innovation

Co.

Ltd.

(

Oil,

Gas

&

Consumable

Fuels

)

(b)

..........

605

18,697

SK

Square

Co.

Ltd.

(

Industrial

Conglomerates

)

(b)

.............

1,092

10,357

Woori

Financial

Group,

Inc.

(

Banks

)

....

112

73,150

Taiwan

—

14

.44

%

9,000

Accton

Technology

Corp.

(

Communications

Equipment

)

..................

129

119

HC

CAPITAL

TRUST

The

Emerging

Markets

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Taiwan

(continued)

46,904

Airtac

International

Group

(

Machinery

)

..

$

1,627

5,000

Alchip

Technologies

Ltd.

(

Semiconductors

&

Semiconductor

Equipment

)

.....

495

378,672

ASE

Technology

Holding

Co.

Ltd.

(

Semiconductors

&

Semiconductor

Equipment

)

..................

1,834

532,971

Asia

Cement

Corp.

(

Construction

Materials

)

682

79,000

Asustek

Computer,

Inc.

(

Technology

Hardware,

Storage

&

Peripherals

)

..

1,046

110,000

Catcher

Technology

Co.

Ltd.

(

Technology

Hardware,

Storage

&

Peripherals

)

..

748

1,021,000

Cheng

Shin

Rubber

Industry

Co.

Ltd.

(

Automobile

Components

)

.......

1,586

4,428,000

China

Development

Financial

Holding

Corp.

(

Insurance

)

(b)

............

1,917

280,000

Chunghwa

Telecom

Co.

Ltd.

(

Diversified

Telecommunication

Services

)

.....

1,098

690,000

Compal

Electronics,

Inc.

(

Technology

Hardware,

Storage

&

Peripherals

)

..

826

155,000

CTBC

Financial

Holding

Co.

Ltd.

(

Banks

)

(a)

...................

157

174,000

Delta

Electronics,

Inc.

(

Electronic

Equipment,

Instruments

&

Components

)

.................

1,862

25,000

E

Ink

Holdings,

Inc.

(

Electronic

Equipment,

Instruments

&

Components

)

......

177

63,000

Eclat

Textile

Co.

Ltd.

(

Textiles,

Apparel

&

Luxury

Goods

)

...............

1,077

10,000

eMemory

Technology,

Inc.

(

Semiconductors

&

Semiconductor

Equipment

)

.....

750

94,000

Evergreen

Marine

Corp.

Taiwan

Ltd.

(

Marine

Transportation

)

.........

517

649,000

Far

EasTone

Telecommunications

Co.

Ltd.

(

Wireless

Telecommunication

Services

)

....................

1,641

785,759

Fubon

Financial

Holding

Co.

Ltd.

(

Insurance

)

..................

1,702

29,000

Gigabyte

Technology

Co.

Ltd.

(

Technology

Hardware,

Storage

&

Peripherals

)

..

284

6,000

Global

Unichip

Corp.

(

Semiconductors

&

Semiconductor

Equipment

)

.......

229

37,000

Globalwafers

Co.

Ltd.

(

Semiconductors

&

Semiconductor

Equipment

)

.......

642

946,000

Hon

Hai

Precision

Industry

Co.

Ltd.

(

Electronic

Equipment,

Instruments

&

Components

)

.................

4,596

937,127

Innolux

Corp.

(

Electronic

Equipment,

Instruments

&

Components

)

......

445

316,000

Inventec

Corp.

(

Technology

Hardware,

Storage

&

Peripherals

)

..........

578

10,000

Largan

Precision

Co.

Ltd.

(

Electronic

Equipment,

Instruments

&

Components

)

.................

759

284,554

Lite-On

Technology

Corp.

(

Technology

Hardware,

Storage

&

Peripherals

)

..

943

104,962

MediaTek,

Inc.

(

Semiconductors

&

Semiconductor

Equipment

)

.......

3,804

2,305,918

Mega

Financial

Holding

Co.

Ltd.

(

Banks

)

2,900

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Taiwan

(continued)

28,000

Nan

Ya

Printed

Circuit

Board

Corp.

(

Electronic

Equipment,

Instruments

&

Components

)

.................

$

173

185,000

Nanya

Technology

Corp.

(

Semiconductors

&

Semiconductor

Equipment

)

(a)

...

391

58,000

Novatek

Microelectronics

Corp.

(

Semiconductors

&

Semiconductor

Equipment

)

..................

1,068

569,000

Pegatron

Corp.

(

Technology

Hardware,

Storage

&

Peripherals

)

..........

1,773

436,620

Pou

Chen

Corp.

(

Textiles,

Apparel

&

Luxury

Goods

)

...............

495

246,000

Quanta

Computer,

Inc.

(

Technology

Hardware,

Storage

&

Peripherals

)

..

2,153

776,908

Ruentex

Development

Co.

Ltd.

(

Real

Estate

Management

&

Development

)

.....

851

657,900

Synnex

Technology

International

Corp.

(

Electronic

Equipment,

Instruments

&

Components

)

.................

1,612

675,110

Taiwan

Cement

Corp.

(

Construction

Materials

)

...................

669

276,000

Taiwan

Mobile

Co.

Ltd.

(

Wireless

Telecommunication

Services

)

.....

880

1,934,000

Taiwan

Semiconductor

Manufacturing

Co.

Ltd.

(

Semiconductors

&

Semiconductor

Equipment

)

.......

46,478

470,369

The

Shanghai

Commercial

&

Savings

Bank

Ltd.

(

Banks

)

.................

709

116,000

Unimicron

Technology

Corp.

(

Electronic

Equipment,

Instruments

&

Components

)

.................

689

500,000

United

Microelectronics

Corp.

(

Semiconductors

&

Semiconductor

Equipment

)

..................

813

567,949

Winbond

Electronics

Corp.

(

Semiconductors

&

Semiconductor

Equipment

)

.....

479

158,000

Wistron

Corp.

(

Technology

Hardware,

Storage

&

Peripherals

)

..........

595

5,000

Wiwynn

Corp.

(

Technology

Hardware,

Storage

&

Peripherals

)

(a)

........

342

389,400

WPG

Holdings

Ltd.

(

Electronic

Equipment,

Instruments

&

Components

)

......

1,168

43,775

Yageo

Corp.

(

Electronic

Equipment,

Instruments

&

Components

)

......

813

241,000

Yang

Ming

Marine

Transport

Corp.

(

Marine

Transportation

)

...............

332

2,753,986

Yuanta

Financial

Holding

Co.

Ltd.

(

Financial

Services

)

............

2,591

100,125

Thailand

—

1

.46

%

264,700

Advanced

Info

Service

PCL

,

Class

-

F

(

Wireless

Telecommunication

Services

)

....................

1,480

379,300

Airports

of

Thailand

PCL

(

Transportation

Infrastructure

)

................

678

728,100

BTS

Group

Holdings

PCL

(

Ground

Transportation

)

...............

112

120

HC

CAPITAL

TRUST

The

Emerging

Markets

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

Thailand

(continued)

171,633

Central

Retail

Corp.

PCL

(

Broadline

Retail

)

$

169

455,000

Delta

Electronics

Thailand

PCL

-

NVDR

(

Electronic

Equipment,

Instruments

&

Components

)

.................

901

688,700

Energy

Absolute

PCL

(

Independent

Power

and

Renewable

Electricity

Producers

)

647

1,418,800

Gulf

Energy

Development

PCL

(

Independent

Power

and

Renewable

Electricity

Producers

)

...........

1,701

89,800

Indorama

Ventures

PCL

-

NVDR

(

Chemicals

)

..................

59

1,724,700

Krung

Thai

Bank

PCL

,

Class

-

F

(

Banks

)

.

794

682,900

Minor

International

PCL

(

Hotels,

Restaurants

&

Leisure

)

..........

618

93,800

Muangthai

Capital

PCL

(

Consumer

Finance

)

120

272,575

PTT

Exploration

&

Production

PCL

,

Class

-

F

(

Oil,

Gas

&

Consumable

Fuels

)

..

1,113

429,142

PTT

Global

Chemical

PCL

,

Class

-

F

(

Chemicals

)

..................

447

361,600

SCB

X

PCL

-

NVDR

(

Banks

)

.........

1,130

98,100

Thai

Oil

PCL

(

Oil,

Gas

&

Consumable

Fuels

)

......................

158

10,127

Turkey

—

0

.52

%

159,726

Akbank

TAS

(

Banks

)

...............

231

644,739

Aselsan

Elektronik

Sanayi

Ve

Ticaret

A/S

(

Aerospace

&

Defense

)

.........

1,107

39,242

BIM

Birlesik

Magazalar

A/S

(

Consumer

Staples

Distribution

&

Retail

)

.....

427

266,822

Eregli

Demir

ve

Celik

Fabrikalari

TAS

(

Metals

&

Mining

)

(b)

...........

348

1

Kardemir

Karabuk

Demir

Celik

Sanayi

ve

Ticaret

A/S

(

Metals

&

Mining

)

....

—

131,853

Sasa

Polyester

Sanayi

A/S

(

Chemicals

)

(b)

175

22,507

Turk

Hava

Yollari

AO

(

Passenger

Airlines

)

(b)

..................

207

386,616

Turkcell

Iletisim

Hizmetleri

A/S

(

Wireless

Telecommunication

Services

)

.....

819

53,957

Turkiye

Petrol

Rafinerileri

A/S

(

Oil,

Gas

&

Consumable

Fuels

)

.............

295

3,609

United

Arab

Emirates

—

0

.74

%

443,740

Abu

Dhabi

Commercial

Bank

PJSC

(

Banks

)

1,015

775,182

Dubai

Islamic

Bank

PJSC

(

Banks

)

......

1,233

186,697

Emirates

Telecommunications

Group

Co.

PJSC

(

Diversified

Telecommunication

Services

)

....................

931

517,479

First

Abu

Dhabi

Bank

PJSC

(

Banks

)

....

1,889

154,208

Multiply

Group

PJSC

(

Industrial

Conglomerates

)

(b)

.............

94

5,162

Shares

Security

Description

Value

(000)

Common

Stocks

(continued)

United

Kingdom

—

0

.13

%

40,072

Anglogold

Ashanti

PLC

(

Metals

&

Mining

)

$

895

United

States

—

0

.20

%

52,000

BeiGene

Ltd.

(

Biotechnology

)

(b)

......

632

4,494

Legend

Biotech

Corp.

,

ADR

(

Biotechnology

)

(b)

.............

252

5,000

Parade

Technologies

Ltd.

(

Semiconductors

&

Semiconductor

Equipment

)

.....

144

3,561

Southern

Copper

Corp.

(

Metals

&

Mining

)

379

1,407

Total

Common

Stocks

..............

587,300

Investment

Companies

—

13

.46

%

International

Equity

Funds

—

10

.31

%

646,200

iShares

Core

MSCI

Emerging

Markets

ETF

33,344

912,960

Vanguard

FTSE

Emerging

Markets

ETF

.

38,134

71,478

Money

Market

Funds

—

3

.15

%

2,397,503

Federated

Hermes

Treasury

Obligations

Fund,

Institutional

Shares

,

5

.17

%

^^

(d)

2,398

19,453,326

State

Street

Institutional

Treasury

Plus

Money

Market

Fund,

Trust

Class

,

5

.20

%

(d)

....................

19,453

21,851

Total

Investment

Companies

.........

93,329

Purchased

Options

on

Futures

—

0.01%

Total

Purchased

Options

on

Futures

...

37

Total

Investments

(cost

$

597,641

)

—

98

.17

%

.....................

680,666

Other

assets

in

excess

of

liabilities

—

1

.83

%

......................

12,702

Net

Assets

-

100.00%

$

693,368

Amounts

designated

as

"—"

are

$0

or

have

been

rounded

to

$0.

^

All

or

part

of

this

security

was

on

loan

as

of

March

31,

2024.

^^

Purchased

with

cash

collateral

held

from

securities

lending.

The

value

of

the

collateral

could

include

collateral

held

for

securities

that

were

sold

on

or

before

March

31,

2024.

(a)

Represents

a

security

purchased

under

Rule

144A

or

Section

4(2)

and

is

exempt

from

registration

under

the

Securities

Act

of

1933,

as

amended,

or

is

otherwise

restricted

to

resale.

Certain

of

these

securities

may

be

resold

in

transactions

exempt

from

registration,

normally

to

qualified

institutional

buyers.

These

securities

have

been

deemed

liquid

by

the

Specialist

Manager.

(b)

Represents

non-income

producing

security.

121

HC

CAPITAL

TRUST

The

Emerging

Markets

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

The

following

table

reflects

the

percentage

of

total

net

assets

of

the

Portfolio

attributable

to

each

Specialist

Manager

as

of

March

31,

2024

.

Amounts

designated

as

"—"

indicate

the

Specialist

Manager

did

not

manage

any

holdings

in

that

category. 

(c)

Security

was

valued

using

significant

unobservable

inputs

as

of

March

31,

2024.

(d)

Annualized

7-day

yield

as

of

period-end.

ADR—American

Depositary

Receipt

ETF—Exchange-Traded

Fund

GDR—Global

Depositary

Receipt

NVDR—Non-Voting

Depository

Receipt

REIT—Real

Estate

Investment

Trust

The

Emerging

Markets

Portfolio

Mellon

Investments

Corporation

Monashee

Investment

Management,

LLC

Parametric

Portfolio

Associates,

LLC

Total

Common

Stocks

...............................................................................................................................

84.70

%

—

—

84.70

%

Investment

Companies

.....................................................................................................................

0.65

%

10.35

%

2.46

%

13.46

%

Purchased

Options

on

Futures

.........................................................................................................

—

0.01

%

—

0.01

%

Other

Assets

(Liabilities)

.................................................................................................................

-0.49

%

2.40

%

-0.08

%

1.83

%

Total

Net

Assets

..........................................................................................................................

84.86

%

12.76

%

2.38

%

100.00

%

The

following

table

reflects

the

open

derivative

positions

held

by

the

Portfolio

as

of

March

31,

2024

.

Futures

Contracts

Purchased

*

Description

Number

of

Contracts

Expiration

Date

Notional

Amount

(000)

Value

and

Unrealized

Appreciation/

(Depreciation)

(000)

MSCI

Emerging

Markets

Index

Future

..............

732

6/21/24

$

38,393

$

(

22

)

$

38,393

$

(

22

)

The

following

table

reflects

the

open

derivative

positions

held

by

the

Portfolio

as

of

March

31,

2024

.

Futures

Contracts

Sold

*

Description

Number

of

Contracts

Expiration

Date

Notional

Amount

(000)

Value

and

Unrealized

Appreciation/

(Depreciation)

(000)

E-Mini

S&P

500

Future

.........................

28

6/21/24

$

7,431

$

(

116

)

$

7,431

$

(

116

)

Total

Unrealized

Appreciation

.....................

$

—

Total

Unrealized

Depreciation

.....................

(

138

)

Total

Net

Unrealized

Appreciation/(Depreciation)

.......

$

(

138

)

*

Cash

has

been

pledged

as

collateral

for

futures

contracts

held

by

the

Portfolio.

122

HC

CAPITAL

TRUST

The

Emerging

Markets

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Options

on

Futures

Contracts

Exchange-traded

options

on

futures

contacts

written

as

of

March

31,

2024

were

as

follows:

Description

Put/Call

Number

of

Contracts

Notional

Amount

(000)

Exercise

Price

Expiration

Date

Value

(000)

E-Mini

S&P

500

Future

Option

.............

Put

16

$

3,480

$

4,350.00

4/19/24

$

(

1

)

E-Mini

S&P

500

Future

Option

.............

Put

16

3,620

4,525.00

4/19/24

(

1

)

E-Mini

S&P

500

Future

Option

.............

Put

15

3,375

4,500.00

4/19/24

(

1

)

E-Mini

S&P

500

Future

Option

.............

Put

13

2,893

4,450.00

4/19/24

(

1

)

E-Mini

S&P

500

Future

Option

.............

Put

19

4,204

4,425.00

4/19/24

(

1

)

E-Mini

S&P

500

Future

Option

.............

Put

16

3,520

4,400.00

4/19/24

(

1

)

E-Mini

S&P

500

Future

Option

.............

Put

13

2,811

4,325.00

4/19/24

(

1

)

E-Mini

S&P

500

Future

Option

.............

Put

4

1,040

5,200.00

4/19/24

(

4

)

E-Mini

S&P

500

Future

Option

.............

Put

3

765

5,100.00

4/26/24

(

5

)

E-Mini

S&P

500

Future

Option

.............

Put

11

2,516

4,575.00

4/30/24

(

1

)

E-Mini

S&P

500

Future

Option

.............

Put

22

5,060

4,600.00

4/30/24

(

3

)

E-Mini

S&P

500

Future

Option

.............

Put

4

1,040

5,200.00

4/30/24

(

6

)

E-Mini

S&P

500

Future

Option

.............

Put

16

3,856

4,820.00

4/30/24

(

4

)

E-Mini

S&P

500

Future

Option

.............

Put

15

3,563

4,750.00

4/30/24

(

3

)

E-Mini

S&P

500

Future

Option

.............

Put

15

3,544

4,725.00

4/30/24

(

3

)

E-Mini

S&P

500

Future

Option

.............

Put

15

3,720

4,960.00

4/30/24

(

6

)

E-Mini

S&P

500

Future

Option

.............

Put

9

2,036

4,525.00

4/30/24

(

1

)

E-Mini

S&P

500

Future

Option

.............

Put

2

465

4,650.00

4/30/24

—

E-Mini

S&P

500

Future

Option

.............

Put

18

4,163

4,625.00

4/30/24

(

3

)

E-Mini

S&P

500

Future

Option

.............

Put

8

1,820

4,550.00

4/30/24

(

1

)

E-Mini

S&P

500

Future

Option

.............

Put

3

747

4,980.00

5/10/24

(

5

)

E-Mini

S&P

500

Future

Option

.............

Put

8

1,940

4,850.00

5/17/24

(

5

)

E-Mini

S&P

500

Future

Option

.............

Put

20

4,825

4,825.00

5/17/24

(

11

)

E-Mini

S&P

500

Future

Option

.............

Put

8

1,850

4,625.00

5/17/24

(

2

)

E-Mini

S&P

500

Future

Option

.............

Put

2

478

4,775.00

5/17/24

(

2

)

E-Mini

S&P

500

Future

Option

.............

Put

1

241

4,815.00

5/17/24

(

1

)

E-Mini

S&P

500

Future

Option

.............

Put

8

1,980

4,950.00

5/17/24

(

14

)

E-Mini

S&P

500

Future

Option

.............

Put

8

1,980

4,950.00

5/17/24

(

7

)

E-Mini

S&P

500

Future

Option

.............

Put

31

7,246

4,675.00

5/17/24

(

11

)

E-Mini

S&P

500

Future

Option

.............

Put

13

3,023

4,650.00

5/17/24

(

4

)

E-Mini

S&P

500

Future

Option

.............

Put

8

1,800

4,500.00

5/17/24

(

2

)

E-Mini

S&P

500

Future

Option

.............

Put

4

985

4,925.00

5/17/24

(

6

)

E-Mini

S&P

500

Future

Option

.............

Put

9

2,003

4,450.00

5/17/24

(

2

)

E-Mini

S&P

500

Future

Option

.............

Put

11

2,434

4,425.00

5/17/24

(

2

)

E-Mini

S&P

500

Future

Option

.............

Put

8

1,740

4,350.00

5/17/24

(

1

)

E-Mini

S&P

500

Future

Option

.............

Put

17

4,080

4,800.00

5/17/24

(

8

)

E-Mini

S&P

500

Future

Option

.............

Put

11

2,626

4,775.00

5/17/24

(

5

)

E-Mini

S&P

500

Future

Option

.............

Put

29

6,888

4,750.00

5/17/24

(

12

)

E-Mini

S&P

500

Future

Option

.............

Put

28

6,615

4,725.00

5/17/24

(

11

)

E-Mini

S&P

500

Future

Option

.............

Put

26

6,110

4,700.00

5/17/24

(

9

)

E-Mini

S&P

500

Future

Option

.............

Put

6

1,455

4,850.00

5/31/24

(

5

)

E-Mini

S&P

500

Future

Option

.............

Put

8

1,830

4,575.00

5/31/24

(

3

)

E-Mini

S&P

500

Future

Option

.............

Put

2

485

4,850.00

5/31/24

(

3

)

E-Mini

S&P

500

Future

Option

.............

Put

32

7,440

4,650.00

5/31/24

(

15

)

E-Mini

S&P

500

Future

Option

.............

Put

25

5,875

4,700.00

5/31/24

(

14

)

E-Mini

S&P

500

Future

Option

.............

Put

27

6,379

4,725.00

5/31/24

(

16

)

E-Mini

S&P

500

Future

Option

.............

Put

4

985

4,925.00

5/31/24

(

4

)

123

HC

CAPITAL

TRUST

The

Emerging

Markets

Portfolio

Portfolio

of

Investments

(concluded)

—

March

31,

2024

(Unaudited)

Options

on

Futures

Contracts

(continued)

Description

Put/Call

Number

of

Contracts

Notional

Amount

(000)

Exercise

Price

Expiration

Date

Value

(000)

E-Mini

S&P

500

Future

Option

.............

Put

6

$

1,433

$

4,775.00

5/31/24

$

(

8

)

E-Mini

S&P

500

Future

Option

.............

Put

3

713

4,750.00

5/31/24

(

4

)

E-Mini

S&P

500

Future

Option

.............

Put

4

970

4,850.00

5/31/24

(

7

)

E-Mini

S&P

500

Future

Option

.............

Put

4

985

4,925.00

5/31/24

(

8

)

E-Mini

S&P

500

Future

Option

.............

Put

3

735

4,900.00

5/31/24

(

6

)

E-Mini

S&P

500

Future

Option

.............

Put

5

1,218

4,870.00

5/31/24

(

9

)

E-Mini

S&P

500

Future

Option

.............

Put

8

1,840

4,600.00

5/31/24

(

3

)

E-Mini

S&P

500

Future

Option

.............

Put

1

240

4,800.00

5/31/24

(

2

)

E-Mini

S&P

500

Future

Option

.............

Put

4

968

4,840.00

5/31/24

(

7

)

E-Mini

S&P

500

Future

Option

.............

Put

4

964

4,820.00

5/31/24

(

6

)

E-Mini

S&P

500

Future

Option

.............

Put

4

972

4,860.00

5/31/24

(

7

)

E-Mini

S&P

500

Future

Option

.............

Put

6

1,470

4,900.00

5/31/24

(

6

)

E-Mini

S&P

500

Future

Option

.............

Put

5

1,188

4,750.00

6/21/24

(

5

)

E-Mini

S&P

500

Future

Option

.............

Put

6

1,428

4,760.00

6/21/24

(

12

)

E-Mini

S&P

500

Future

Option

.............

Put

3

705

4,700.00

6/21/24

(

5

)

E-Mini

S&P

500

Future

Option

.............

Put

10

2,413

4,825.00

6/21/24

(

12

)

E-Mini

S&P

500

Future

Option

.............

Put

7

1,680

4,800.00

6/21/24

(

15

)

$

(

349

)

Exchanged-traded

options

on

futures

contacts

purchased

as

of

March

31,

2024

were

as

follows:

Description

Put/Call

Number

of

Contracts

Notional

Amount

(000)

Exercise

Price

Expiration

Date

Value

(000)

E-Mini

S&P

500

Future

Option

.............

Put

6

$

1,395

$

4,650.00

4/19/24

$

1

E-Mini

S&P

500

Future

Option

.............

Put

8

2,020

5,050.00

4/19/24

6

E-Mini

S&P

500

Future

Option

.............

Put

8

1,940

4,850.00

4/19/24

3

E-Mini

S&P

500

Future

Option

.............

Put

8

2,040

5,100.00

4/19/24

4

E-Mini

S&P

500

Future

Option

.............

Put

15

3,544

4,725.00

4/19/24

2

E-Mini

S&P

500

Future

Option

.............

Put

14

3,290

4,700.00

4/19/24

2

E-Mini

S&P

500

Future

Option

.............

Put

7

1,680

4,800.00

4/30/24

3

E-Mini

S&P

500

Future

Option

.............

Put

4

962

4,810.00

4/30/24

2

E-Mini

S&P

500

Future

Option

.............

Put

4

964

4,820.00

4/30/24

2

E-Mini

S&P

500

Future

Option

.............

Put

5

1,225

4,900.00

4/30/24

3

E-Mini

S&P

500

Future

Option

.............

Put

4

958

4,790.00

4/30/24

2

E-Mini

S&P

500

Future

Option

.............

Put

8

2,040

5,100.00

4/30/24

7

$

37

HC

CAPITAL

TRUST

The

Core

Fixed

Income

Portfolio

Portfolio

of

Investments

—

March

31,

2024

(Unaudited)

124

Principal

Amount  

(000)

Security

Description

Rate

%

Maturity  

Date

Value

(000)

Asset

Backed

Securities

—

0.22%

$

15

Capital

One

Multi-Asset

Execution

Trust,

Series

2021-A2,

Class

-

A2

.........

1.39

7/15/30

$

13

10

Carvana

Auto

Receivables

Trust,

Series

2022-P2,

Class

-

A4,

Callable

12/10/27

@

100.00

...................................................

4.68

2/10/28

10

10

CNH

Equipment

Trust,

Series

2022-C,

Class

-

A3,

Callable

5/15/27

@

100.00

...

5.15

4/17/28

10

10

Discover

Card

Execution

Note

Trust,

Series

2023-A1,

Class

-

A

..............

4.31

3/15/28

10

10

GM

Financial

Consumer

Automobile

Receivables

Trust,

Series

2023-1,

Class

-

A3,

Callable

1/16/27

@

100.00

....................................

4.66

2/16/28

10

10

Honda

Auto

Receivables

Owner

Trust,

Series

2023-3,

Class

-

A4,

Callable

12/18/26

@

100.00

................................................

5.30

12/18/29

10

10

Hyundai

Auto

Receivables

Trust,

Series

2022-C,

Class

-

A4,

Callable

2/15/27

@

100.00

...................................................

5.52

10/16/28

10

25

Santander

Drive

Auto

Receivables

Trust,

Series

2023-4,

Class

-

A3,

Callable

2/15/27

@

100.00

................................................

5.73

4/17/28

25

40

Synchrony

Card

Funding

LLC,

Series

2022-A1,

Class

-

A,

Callable

4/15/25

@

100.00

...................................................

3.37

4/15/28

39

10

Toyota

Auto

Receivables

Owner

Trust,

Series

2023-A,

Class

-

A3,

Callable

4/15/27

@

100.00

................................................

4.63

9/15/27

10

15

Toyota

Auto

Receivables

Owner

Trust,

Series

2024-A,

Class

-

A4,

Callable

11/15/27

@

100.00

................................................

4.77

4/16/29

15

10

World

Omni

Auto

Receivables

Trust,

Series

2021-C,

Class

-

A4,

Callable

8/15/25

@

100.00

...................................................

0.64

9/15/27

9

5

World

Omni

Auto

Receivables

Trust,

Series

2023-B,

Class

-

A3,

Callable

12/15/26

@

100.00

................................................

4.66

5/15/28

5

Total

Asset

Backed

Securities

.....................................

176

Collateralized

Mortgage

Obligations

—

0.72%

20

Bank,

Series

2019-BN21,

Class

-

A5,

Callable

10/15/29

@

100.00

............

2.85

10/17/52

18

19

Bank,

Series

2017-BNK9,

Class

-

ASB,

Callable

12/15/29

@

100.00

..........

3.47

11/15/54

18

25

Bank,

Series

2022-BNK41,

Class

-

A4

................................

3.79(a)

4/15/65

23

20

BBCMS

Mortgage

Trust,

Series

2020-C7,

Class

-

AS,

Callable

4/15/30

@

100.00

.

2.44

4/15/53

16

10

BBCMS

Mortgage

Trust,

Series

2023-C21,

Class

-

A5,

Callable

9/15/33

@

100.00

6.00(a)

9/15/56

11

15

Benchmark

Mortgage

Trust,

Series

2021-B25,

Class

-

ASB,

Callable

4/15/31

@

100.00

...................................................

2.27

4/15/54

13

10

Benchmark

Mortgage

Trust,

Series

2020-IG1,

Class

-

AS,

Callable

1/15/30

@

100.00

2.91(a)

9/15/43

8

10

Benchmark

Mortgage

Trust,

Series

2019-B9,

Class

-

A5,

Callable

2/15/29

@

100.00

4.02

3/15/52

9

15

Citigroup

Commercial

Mortgage

Trust,

Series

2020-GC46,

Class

-

AS,

Callable

2/15/30

@

100.00

..........................................

2.92

2/15/53

13

10

Citigroup

Commercial

Mortgage

Trust,

Series

2019-C7,

Class

-

A4,

Callable

12/15/29

@

100.00

..........................................

3.10

12/15/72

9

10

COMM

Mortgage

Trust,

Series

2019-GC44,

Class

-

ASB,

Callable

11/15/29

@

100.00

...................................................

2.87

8/15/57

9

10

Fannie

Mae-ACES,

Series

2020-M52,

Class

-

A2

........................

1.32(a)

10/25/30

8

19

Fannie

Mae-ACES,

Series

2020-M14,

Class

-

A2

........................

1.78

5/25/30

16

17

Fannie

Mae-ACES,

Series

2018-M1,

Class

-

A2

.........................

2.99(a)

12/25/27

16

16

Fannie

Mae-ACES,

Series

2017-M12,

Class

-

A2

........................

3.06(a)

6/25/27

15

19

Fannie

Mae-ACES,

Series

2019-M5,

Class

-

A2

.........................

3.27

2/25/29

18

25

Fannie

Mae-ACES,

Series

2018-M10,

Class

-

A2

........................

3.36(a)

7/25/28

24

20

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates,

Series

K112,

Class

-

A2

.....................................................

1.31

5/25/30

16

20

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates,

Series

K-1516,

Class

-

A2

....................................................

1.72

5/25/35

15

25

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates,

Series

K126,

Class

-

A2

.....................................................

2.07

1/25/31

21

15

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates,

Series

K749,

Class

-

A2

.....................................................

2.12(a)

3/25/29

13

10

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates,

Series

K-1521,

Class

-

A2

....................................................

2.18

8/25/36

7

125

HC

CAPITAL

TRUST

The

Core

Fixed

Income

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Principal

Amount  

(000)

Security

Description

Rate

%

Maturity  

Date

Value

(000)

Collateralized

Mortgage

Obligations

(continued)

$

25

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates,

Series

K052,

Class

-

A2

.....................................................

3.15

11/25/25

$

24

50

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates,

Series

K091,

Class

-

A2

.....................................................

3.51

3/25/29

48

20

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates,

Series

K-152,

Class

-

A2

.....................................................

3.78

11/25/32

19

25

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates,

Series

K751,

Class

-

A2

.....................................................

4.41

3/25/30

26

25

GS

Mortgage

Securities

Trust,

Series

2018-GS9,

Class

-

A4,

Callable

3/10/28

@

100.00

...................................................

3.99(a)

3/10/51

23

25

JPMDB

Commercial

Mortgage

Securities

Trust,

Series

2016-C4,

Class

-

A3,

Callable

4/15/27

@

100.00

....................................

3.14

12/15/49

23

25

Morgan

Stanley

Bank

of

America

Merrill

Lynch

Trust,

Series

2017-C33,

Class

-

A5,

Callable

5/15/27

@

100.00

....................................

3.60

5/15/50

24

25

SG

Commercial

Mortgage

Securities

Trust,

Series

2016-C5,

Class

-

A4,

Callable

7/10/26

@

100.00

..........................................

3.06

10/10/48

23

20

Wells

Fargo

Commercial

Mortgage

Trust,

Series

2022-

C62,

Class

-

A4,

Callable

4/15/32

@

100.00

..........................................

4.00(a)

4/15/55

19

25

Wells

Fargo

Commercial

Mortgage

Trust,

Series

2018-C47,

Class

-

A4,

Callable

10/15/28

@

100.00

..........................................

4.44

9/15/61

24

Total

Collateralized

Mortgage

Obligations

...........................

569

U.S.

Government

Agency

Mortgages

—

11.85%

40

Fannie

Mae,

Pool

#FM6579

.......................................

1.50

3/1/51

31

19

Fannie

Mae,

Pool

#CA7696

.......................................

1.50

11/1/50

15

42

Fannie

Mae,

Pool

#MA4343

.......................................

1.50

5/1/51

32

19

Fannie

Mae,

Pool

#CA7695

.......................................

1.50

11/1/50

15

20

Fannie

Mae,

Pool

#MA4236

.......................................

1.50

1/1/51

15

20

Fannie

Mae,

Pool

#MA4342

.......................................

1.50

5/1/41

16

21

Fannie

Mae,

Pool

#MA4445

.......................................

1.50

10/1/41

17

39

Fannie

Mae,

Pool

#MA4441

.......................................

1.50

10/1/36

34

21

Fannie

Mae,

Pool

#MA4280

.......................................

1.50

3/1/51

15

20

Fannie

Mae,

Pool

#FS1327

........................................

1.50

6/1/36

17

15

Fannie

Mae,

Pool

#MA4205

.......................................

1.50

12/1/35

13

15

Fannie

Mae,

Pool

#BQ5781

.......................................

1.50

11/1/35

13

19

Fannie

Mae,

Pool

#MA4122

.......................................

1.50

9/1/35

17

37

Fannie

Mae,

Pool

#MA4237

.......................................

2.00

1/1/51

30

18

Fannie

Mae,

Pool

#MA4182

.......................................

2.00

11/1/50

14

39

Fannie

Mae,

Pool

#CA8850

.......................................

2.00

2/1/51

31

19

Fannie

Mae,

Pool

#CA8687

.......................................

2.00

1/1/51

15

41

Fannie

Mae,

Pool

#FM6448

.......................................

2.00

3/1/51

32

19

Fannie

Mae,

Pool

#CA8893

.......................................

2.00

2/1/51

15

38

Fannie

Mae,

Pool

#BQ8341

.......................................

2.00

12/1/50

30

41

Fannie

Mae,

Pool

#BR4435

.......................................

2.00

4/1/51

32

21

Fannie

Mae,

Pool

#BR0948

.......................................

2.00

4/1/51

16

19

Fannie

Mae,

Pool

#FM5308

.......................................

2.00

12/1/50

15

38

Fannie

Mae,

Pool

#MA4255

.......................................

2.00

2/1/51

30

40

Fannie

Mae,

Pool

#MA4305

.......................................

2.00

4/1/51

32

34

Fannie

Mae,

Pool

#MA4303

.......................................

2.00

4/1/36

30

36

Fannie

Mae,

Pool

#BP9370

........................................

2.00

7/1/50

28

33

Fannie

Mae,

Pool

#CA9183

.......................................

2.00

2/1/36

29

41

Fannie

Mae,

Pool

#MA4325

.......................................

2.00

5/1/51

32

19

Fannie

Mae,

Pool

#CA8118

.......................................

2.00

12/1/50

15

38

Fannie

Mae,

Pool

#BQ3004

.......................................

2.00

10/1/50

30

21

Fannie

Mae,

Pool

#MA4602

.......................................

2.00

5/1/37

18

35

Fannie

Mae,

Pool

#BQ7777

.......................................

2.00

3/1/36

32

21

Fannie

Mae,

Pool

#MA4474

.......................................

2.00

11/1/41

17

18

Fannie

Mae,

Pool

#MA4403

.......................................

2.00

8/1/36

16

126

HC

CAPITAL

TRUST

The

Core

Fixed

Income

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Principal

Amount  

(000)

Security

Description

Rate

%

Maturity  

Date

Value

(000)

U.S.

Government

Agency

Mortgages

(continued)

$

22

Fannie

Mae,

Pool

#BT0240

........................................

2.00

9/1/51

$

17

20

Fannie

Mae,

Pool

#CB0684

.......................................

2.00

6/1/51

16

21

Fannie

Mae,

Pool

#CB0497

.......................................

2.00

5/1/51

16

42

Fannie

Mae,

Pool

#CB0325

.......................................

2.00

4/1/51

33

18

Fannie

Mae,

Pool

#MA4360

.......................................

2.00

6/1/36

16

20

Fannie

Mae,

Pool

#BQ9685

.......................................

2.00

1/1/51

16

22

Fannie

Mae,

Pool

#FM4969

.......................................

2.00

12/1/50

18

20

Fannie

Mae,

Pool

#MA4119

.......................................

2.00

9/1/50

16

20

Fannie

Mae,

Pool

#BR4094

.......................................

2.00

1/1/51

16

22

Fannie

Mae,

Pool

#MA4437

.......................................

2.00

10/1/51

17

22

Fannie

Mae,

Pool

#BU7103

.......................................

2.00

12/1/51

17

18

Fannie

Mae,

Pool

#CA7225

.......................................

2.00

10/1/50

14

13

Fannie

Mae,

Pool

#FM4039

.......................................

2.00

10/1/35

12

22

Fannie

Mae,

Pool

#FS1621

........................................

2.00

7/1/51

17

24

Fannie

Mae,

Pool

#FM3755

.......................................

2.00

9/1/35

22

18

Fannie

Mae,

Pool

#MA4208

.......................................

2.00

12/1/50

15

38

Fannie

Mae,

Pool

#CA8110

.......................................

2.00

12/1/50

31

21

Fannie

Mae,

Pool

#FS0317

........................................

2.00

2/1/42

18

37

Fannie

Mae,

Pool

#FM4788

.......................................

2.00

11/1/50

30

44

Fannie

Mae,

Pool

#MA4511

.......................................

2.00

1/1/52

35

16

Fannie

Mae,

Pool

#MA4176

.......................................

2.00

11/1/40

14

18

Fannie

Mae,

Pool

#CA7224

.......................................

2.00

10/1/50

14

29

Fannie

Mae,

Pool

#MA4128

.......................................

2.00

9/1/40

25

21

Fannie

Mae,

Pool

#FM6559

.......................................

2.00

3/1/51

16

6

Fannie

Mae,

Pool

#AS2673

........................................

2.00

5/1/29

5

39

Fannie

Mae,

Pool

#MA4281

.......................................

2.00

3/1/51

31

43

Fannie

Mae,

Pool

#FM7411

.......................................

2.00

5/1/51

34

19

Fannie

Mae,

Pool

#CA7833

.......................................

2.00

11/1/50

15

21

Fannie

Mae,

Pool

#FM9579

.......................................

2.00

7/1/51

17

13

Fannie

Mae,

Pool

#MA2854

.......................................

2.50

12/1/46

11

9

Fannie

Mae,

Pool

#BD8046

.......................................

2.50

9/1/31

9

12

Fannie

Mae,

Pool

#BK2588

.......................................

2.50

5/1/50

10

15

Fannie

Mae,

Pool

#MA4183

.......................................

2.50

11/1/50

12

6

Fannie

Mae,

Pool

#MA3827

.......................................

2.50

11/1/34

5

17

Fannie

Mae,

Pool

#BQ5110

.......................................

2.50

11/1/50

14

14

Fannie

Mae,

Pool

#BP5878

........................................

2.50

6/1/50

12

6

Fannie

Mae,

Pool

#MA3765

.......................................

2.50

9/1/49

5

6

Fannie

Mae,

Pool

#MA3930

.......................................

2.50

2/1/35

6

14

Fannie

Mae,

Pool

#BQ0329

.......................................

2.50

7/1/50

11

10

Fannie

Mae,

Pool

#AU6677

.......................................

2.50

9/1/28

9

28

Fannie

Mae,

Pool

#FM4638

.......................................

2.50

10/1/50

23

14

Fannie

Mae,

Pool

#MA4159

.......................................

2.50

10/1/50

12

6

Fannie

Mae,

Pool

#MA3965

.......................................

2.50

3/1/40

6

12

Fannie

Mae,

Pool

#MA4096

.......................................

2.50

8/1/50

10

5

Fannie

Mae,

Pool

#MA3154

.......................................

2.50

10/1/32

5

9

Fannie

Mae,

Pool

#AS8893

........................................

2.50

2/1/32

8

12

Fannie

Mae,

Pool

#AP4742

........................................

2.50

8/1/27

11

15

Fannie

Mae,

Pool

#FM4231

.......................................

2.50

9/1/50

13

4

Fannie

Mae,

Pool

#MA2789

.......................................

2.50

10/1/36

4

7

Fannie

Mae,

Pool

#MA3990

.......................................

2.50

4/1/50

6

10

Fannie

Mae,

Pool

#MA4075

.......................................

2.50

7/1/35

9

12

Fannie

Mae,

Pool

#MA4078

.......................................

2.50

7/1/50

10

13

Fannie

Mae,

Pool

#AB7391

.......................................

2.50

12/1/42

11

8

Fannie

Mae,

Pool

#MA3902

.......................................

2.50

1/1/50

6

22

Fannie

Mae,

Pool

#CA6074

.......................................

2.50

6/1/50

19

21

Fannie

Mae,

Pool

#FM9543

.......................................

2.50

12/1/51

17

20

Fannie

Mae,

Pool

#FM2881

.......................................

2.50

4/1/50

17

40

Fannie

Mae,

Pool

#BR7857

.......................................

2.50

5/1/51

33

21

Fannie

Mae,

Pool

#FM8997

.......................................

2.50

10/1/51

17

127

HC

CAPITAL

TRUST

The

Core

Fixed

Income

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Principal

Amount  

(000)

Security

Description

Rate

%

Maturity  

Date

Value

(000)

U.S.

Government

Agency

Mortgages

(continued)

$

20

Fannie

Mae,

Pool

#MA4423

.......................................

2.50

9/1/41

$

17

23

Fannie

Mae,

Pool

#FS0235

........................................

2.50

1/1/52

19

17

Fannie

Mae,

Pool

#CA8131

.......................................

2.50

12/1/50

14

6

Fannie

Mae,

Pool

#MA1277

.......................................

2.50

12/1/27

6

22

Fannie

Mae,

Pool

#FS0547

........................................

2.50

2/1/52

18

22

Fannie

Mae,

Pool

#FS1340

........................................

2.50

3/1/52

18

12

Fannie

Mae,

Pool

#BC9041

.......................................

2.50

11/1/31

11

20

Fannie

Mae,

Pool

#BO4657

.......................................

2.50

11/1/49

16

16

Fannie

Mae,

Pool

#MA4256

.......................................

2.50

2/1/51

13

21

Fannie

Mae,

Pool

#CB2868

.......................................

2.50

2/1/52

18

20

Fannie

Mae,

Pool

#MA4399

.......................................

2.50

8/1/51

16

22

Fannie

Mae,

Pool

#BU1451

.......................................

2.50

1/1/52

18

20

Fannie

Mae,

Pool

#MA4414

.......................................

2.50

9/1/51

17

21

Fannie

Mae,

Pool

#FM8745

.......................................

2.50

9/1/51

18

20

Fannie

Mae,

Pool

#CB1131

........................................

2.50

7/1/51

17

20

Fannie

Mae,

Pool

#FM9033

.......................................

2.50

10/1/51

16

22

Fannie

Mae,

Pool

#CB1828

.......................................

2.50

10/1/51

18

20

Fannie

Mae,

Pool

#BU5917

.......................................

2.50

12/1/51

17

4

Fannie

Mae,

Pool

#FM1299

.......................................

3.00

7/1/49

4

7

Fannie

Mae,

Pool

#MA1307

.......................................

3.00

1/1/33

6

22

Fannie

Mae,

Pool

#AS0302

........................................

3.00

8/1/43

20

9

Fannie

Mae,

Pool

#AU3353

.......................................

3.00

8/1/43

8

15

Fannie

Mae,

Pool

#MA2246

.......................................

3.00

4/1/30

14

6

Fannie

Mae,

Pool

#MA2897

.......................................

3.00

2/1/37

5

4

Fannie

Mae,

Pool

#MA2523

.......................................

3.00

2/1/36

4

5

Fannie

Mae,

Pool

#AS8074

........................................

3.00

10/1/46

5

13

Fannie

Mae,

Pool

#MA3991

.......................................

3.00

4/1/50

11

8

Fannie

Mae,

Pool

#FM4317

.......................................

3.00

9/1/50

7

21

Fannie

Mae,

Pool

#CB3172

.......................................

3.00

3/1/52

18

5

Fannie

Mae,

Pool

#MA3127

.......................................

3.00

9/1/37

4

6

Fannie

Mae,

Pool

#MA3905

.......................................

3.00

1/1/50

5

21

Fannie

Mae,

Pool

#CB2759

.......................................

3.00

2/1/52

18

26

Fannie

Mae,

Pool

#AB7099

.......................................

3.00

11/1/42

23

5

Fannie

Mae,

Pool

#MA3871

.......................................

3.00

12/1/49

5

7

Fannie

Mae,

Pool

#CA5519

.......................................

3.00

4/1/50

6

8

Fannie

Mae,

Pool

#MA3897

.......................................

3.00

1/1/35

7

22

Fannie

Mae,

Pool

#BU1241

.......................................

3.00

3/1/52

19

9

Fannie

Mae,

Pool

#FM3395

.......................................

3.00

6/1/50

8

6

Fannie

Mae,

Pool

#MA2863

.......................................

3.00

1/1/47

5

9

Fannie

Mae,

Pool

#MA3802

.......................................

3.00

10/1/49

8

7

Fannie

Mae,

Pool

#MA3738

.......................................

3.00

8/1/34

7

8

Fannie

Mae,

Pool

#BO6219

.......................................

3.00

12/1/49

7

4

Fannie

Mae,

Pool

#MA3774

.......................................

3.00

9/1/49

4

17

Fannie

Mae,

Pool

#AQ7920

.......................................

3.00

12/1/42

16

9

Fannie

Mae,

Pool

#AL9263

.......................................

3.00

10/1/46

8

8

Fannie

Mae,

Pool

#CA5668

.......................................

3.00

5/1/50

7

4

Fannie

Mae,

Pool

#MA3744

.......................................

3.00

8/1/49

3

9

Fannie

Mae,

Pool

#MA4079

.......................................

3.00

7/1/50

8

13

Fannie

Mae,

Pool

#MA3937

.......................................

3.00

2/1/50

12

7

Fannie

Mae,

Pool

#CA5423

.......................................

3.00

3/1/50

6

7

Fannie

Mae,

Pool

#AL9996

.......................................

3.00

4/1/32

6

4

Fannie

Mae,

Pool

#FM1585

.......................................

3.00

9/1/49

3

13

Fannie

Mae,

Pool

#BC4764

.......................................

3.00

10/1/46

11

4

Fannie

Mae,

Pool

#MA3339

.......................................

3.00

4/1/33

4

6

Fannie

Mae,

Pool

#FM1370

.......................................

3.00

4/1/46

5

3

Fannie

Mae,

Pool

#AB2047

.......................................

3.00

1/1/26

3

22

Fannie

Mae,

Pool

#BU8883

.......................................

3.00

3/1/52

19

5

Fannie

Mae,

Pool

#MA3377

.......................................

3.00

5/1/48

5

9

Fannie

Mae,

Pool

#BO7242

.......................................

3.00

1/1/50

8

128

HC

CAPITAL

TRUST

The

Core

Fixed

Income

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Principal

Amount  

(000)

Security

Description

Rate

%

Maturity  

Date

Value

(000)

U.S.

Government

Agency

Mortgages

(continued)

$

22

Fannie

Mae,

Pool

#FS2122

........................................

3.00

3/1/52

$

19

7

Fannie

Mae,

Pool

#AZ2936

.......................................

3.00

9/1/45

6

6

Fannie

Mae,

Pool

#BO8947

.......................................

3.00

1/1/50

5

9

Fannie

Mae,

Pool

#BO9169

.......................................

3.00

12/1/49

8

19

Fannie

Mae,

Pool

#AB8897

.......................................

3.00

4/1/43

17

27

Fannie

Mae,

Pool

#AO0752

.......................................

3.00

4/1/42

24

5

Fannie

Mae,

Pool

#BN7703

.......................................

3.00

8/1/49

4

6

Fannie

Mae,

Pool

#BO2201

.......................................

3.00

9/1/49

5

9

Fannie

Mae,

Pool

#BP1932

........................................

3.00

4/1/50

8

25

Fannie

Mae,

Pool

#AS8483

........................................

3.00

12/1/46

22

5

Fannie

Mae,

Pool

#MA3831

.......................................

3.00

11/1/39

4

6

Fannie

Mae,

Pool

#BO3192

.......................................

3.00

10/1/49

5

23

Fannie

Mae,

Pool

#CB3364

.......................................

3.00

4/1/52

19

12

Fannie

Mae,

Pool

#MA3834

.......................................

3.00

11/1/49

10

5

Fannie

Mae,

Pool

#MA3237

.......................................

3.00

1/1/48

4

5

Fannie

Mae,

Pool

#MA3890

.......................................

3.00

1/1/40

5

12

Fannie

Mae,

Pool

#BC9003

.......................................

3.00

11/1/46

11

11

Fannie

Mae,

Pool

#AS8276

........................................

3.00

11/1/46

9

4

Fannie

Mae,

Pool

#MA3691

.......................................

3.00

7/1/49

3

5

Fannie

Mae,

Pool

#FM2132

.......................................

3.00

1/1/50

4

9

Fannie

Mae,

Pool

#MA4048

.......................................

3.00

6/1/50

7

11

Fannie

Mae,

Pool

#BP6466

........................................

3.00

7/1/50

9

3

Fannie

Mae,

Pool

#MA3494

.......................................

3.50

10/1/48

2

4

Fannie

Mae,

Pool

#BM4703

.......................................

3.50

2/1/48

4

3

Fannie

Mae,

Pool

#MA3692

.......................................

3.50

7/1/49

3

5

Fannie

Mae,

Pool

#BM2000

.......................................

3.50

5/1/47

5

5

Fannie

Mae,

Pool

#FM1566

.......................................

3.50

11/1/48

4

23

Fannie

Mae,

Pool

#BU8723

.......................................

3.50

6/1/52

20

4

Fannie

Mae,

Pool

#AL1717

.......................................

3.50

5/1/27

4

6

Fannie

Mae,

Pool

#FM1911

.......................................

3.50

7/1/48

6

13

Fannie

Mae,

Pool

#MA2125

.......................................

3.50

12/1/44

12

9

Fannie

Mae,

Pool

#BC2926

.......................................

3.50

3/1/46

8

9

Fannie

Mae,

Pool

#MA3243

.......................................

3.50

1/1/38

9

3

Fannie

Mae,

Pool

#MA3663

.......................................

3.50

5/1/49

3

4

Fannie

Mae,

Pool

#MA3775

.......................................

3.50

9/1/49

3

5

Fannie

Mae,

Pool

#FM1001

.......................................

3.50

11/1/48

4

5

Fannie

Mae,

Pool

#AS7491

........................................

3.50

7/1/46

5

6

Fannie

Mae,

Pool

#AS7388

........................................

3.50

6/1/46

5

24

Fannie

Mae,

Pool

#AQ0546

.......................................

3.50

11/1/42

23

6

Fannie

Mae,

Pool

#AS6102

........................................

3.50

11/1/45

6

6

Fannie

Mae,

Pool

#BC1158

........................................

3.50

2/1/46

6

3

Fannie

Mae,

Pool

#AB2052

.......................................

3.50

1/1/26

3

5

Fannie

Mae,

Pool

#BC0443

.......................................

3.50

12/1/45

5

3

Fannie

Mae,

Pool

#BM5485

.......................................

3.50

2/1/49

2

8

Fannie

Mae,

Pool

#MA3182

.......................................

3.50

11/1/47

7

4

Fannie

Mae,

Pool

#MA3835

.......................................

3.50

11/1/49

4

7

Fannie

Mae,

Pool

#MA2706

.......................................

3.50

8/1/46

7

4

Fannie

Mae,

Pool

#MA2522

.......................................

3.50

2/1/46

3

3

Fannie

Mae,

Pool

#MA3745

.......................................

3.50

8/1/49

3

3

Fannie

Mae,

Pool

#CA4026

.......................................

3.50

5/1/49

2

4

Fannie

Mae,

Pool

#MA3906

.......................................

3.50

1/1/50

4

8

Fannie

Mae,

Pool

#AZ0862

.......................................

3.50

7/1/45

8

4

Fannie

Mae,

Pool

#MA3305

.......................................

3.50

3/1/48

4

23

Fannie

Mae,

Pool

#MA4654

.......................................

3.50

7/1/52

21

3

Fannie

Mae,

Pool

#AS6394

........................................

3.50

12/1/45

3

5

Fannie

Mae,

Pool

#BJ3716

........................................

3.50

12/1/47

5

3

Fannie

Mae,

Pool

#FM0020

.......................................

3.50

7/1/49

3

9

Fannie

Mae,

Pool

#BJ4916

........................................

3.50

3/1/48

8

3

Fannie

Mae,

Pool

#AS4236

........................................

3.50

1/1/45

3

129

HC

CAPITAL

TRUST

The

Core

Fixed

Income

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Principal

Amount  

(000)

Security

Description

Rate

%

Maturity  

Date

Value

(000)

U.S.

Government

Agency

Mortgages

(continued)

$

3

Fannie

Mae,

Pool

#BA1893

.......................................

3.50

8/1/45

$

3

7

Fannie

Mae,

Pool

#BP1947

........................................

3.50

4/1/50

7

6

Fannie

Mae,

Pool

#MA3520

.......................................

3.50

11/1/48

5

5

Fannie

Mae,

Pool

#BK9038

.......................................

3.50

10/1/33

5

4

Fannie

Mae,

Pool

#MA3057

.......................................

3.50

7/1/47

4

45

Fannie

Mae,

Pool

#MA4600

.......................................

3.50

5/1/52

40

2

Fannie

Mae,

Pool

#MA3637

.......................................

3.50

4/1/49

2

12

Fannie

Mae,

Pool

#AS4771

........................................

3.50

4/1/45

11

4

Fannie

Mae,

Pool

#BD5046

.......................................

3.50

2/1/47

4

5

Fannie

Mae,

Pool

#MA3210

.......................................

3.50

12/1/47

4

7

Fannie

Mae,

Pool

#AS0024

........................................

3.50

7/1/43

6

2

Fannie

Mae,

Pool

#MA3614

.......................................

3.50

3/1/49

2

9

Fannie

Mae,

Pool

#BM1568

.......................................

3.50

7/1/47

8

8

Fannie

Mae,

Pool

#MA1980

.......................................

3.50

8/1/44

8

7

Fannie

Mae,

Pool

#MA3026

.......................................

3.50

6/1/47

6

4

Fannie

Mae,

Pool

#MA3148

.......................................

3.50

10/1/47

4

4

Fannie

Mae,

Pool

#MA3059

.......................................

3.50

7/1/37

4

2

Fannie

Mae,

Pool

#MA3597

.......................................

3.50

2/1/49

2

3

Fannie

Mae,

Pool

#BK0920

.......................................

4.00

7/1/48

3

14

Fannie

Mae,

Pool

#AO2959

.......................................

4.00

5/1/42

14

3

Fannie

Mae,

Pool

#MA2415

.......................................

4.00

10/1/45

3

7

Fannie

Mae,

Pool

#AU8849

.......................................

4.00

11/1/43

6

24

Fannie

Mae,

Pool

#MA5127

.......................................

4.00

8/1/53

23

8

Fannie

Mae,

Pool

#AX0841

.......................................

4.00

9/1/44

8

3

Fannie

Mae,

Pool

#CA2316

.......................................

4.00

7/1/48

2

5

Fannie

Mae,

Pool

#AS7558

........................................

4.00

7/1/46

4

3

Fannie

Mae,

Pool

#BK0909

.......................................

4.00

7/1/48

3

4

Fannie

Mae,

Pool

#AH6242

.......................................

4.00

4/1/26

4

3

Fannie

Mae,

Pool

#FM0021

.......................................

4.00

3/1/49

3

6

Fannie

Mae,

Pool

#AS9314

........................................

4.00

3/1/47

5

4

Fannie

Mae,

Pool

#AS7600

........................................

4.00

7/1/46

4

7

Fannie

Mae,

Pool

#MA2995

.......................................

4.00

5/1/47

6

4

Fannie

Mae,

Pool

#CA0183

.......................................

4.00

8/1/47

3

7

Fannie

Mae,

Pool

#AS3467

........................................

4.00

10/1/44

7

10

Fannie

Mae,

Pool

#BK7943

.......................................

4.00

11/1/48

10

2

Fannie

Mae,

Pool

#BM4306

.......................................

4.00

9/1/25

2

4

Fannie

Mae,

Pool

#AZ7362

.......................................

4.00

11/1/45

4

7

Fannie

Mae,

Pool

#MA3121

.......................................

4.00

9/1/47

7

3

Fannie

Mae,

Pool

#AS8532

........................................

4.00

12/1/46

3

3

Fannie

Mae,

Pool

#BM4991

.......................................

4.00

9/1/48

3

23

Fannie

Mae,

Pool

#MA4732

.......................................

4.00

9/1/52

21

3

Fannie

Mae,

Pool

#BN0334

.......................................

4.00

12/1/48

3

4

Fannie

Mae,

Pool

#BN6677

.......................................

4.00

6/1/49

4

5

Fannie

Mae,

Pool

#MA3804

.......................................

4.00

10/1/49

5

4

Fannie

Mae,

Pool

#MA3183

.......................................

4.00

11/1/47

3

3

Fannie

Mae,

Pool

#MA3746

.......................................

4.00

8/1/49

3

3

Fannie

Mae,

Pool

#MA3638

.......................................

4.00

4/1/49

2

8

Fannie

Mae,

Pool

#AS8823

........................................

4.00

2/1/47

8

5

Fannie

Mae,

Pool

#AS9831

........................................

4.00

6/1/47

5

6

Fannie

Mae,

Pool

#BM2002

.......................................

4.00

10/1/47

6

2

Fannie

Mae,

Pool

#MA3615

.......................................

4.00

3/1/49

2

2

Fannie

Mae,

Pool

#MA3592

.......................................

4.00

2/1/49

2

3

Fannie

Mae,

Pool

#FM1415

.......................................

4.00

12/1/48

3

3

Fannie

Mae,

Pool

#FM1571

.......................................

4.00

12/1/48

3

2

Fannie

Mae,

Pool

#MA3521

.......................................

4.00

11/1/48

2

8

Fannie

Mae,

Pool

#AS3468

........................................

4.00

10/1/44

8

4

Fannie

Mae,

Pool

#MA3277

.......................................

4.00

2/1/48

3

9

Fannie

Mae,

Pool

#BM1066

.......................................

4.00

2/1/47

9

3

Fannie

Mae,

Pool

#MA3563

.......................................

4.00

1/1/49

3

130

HC

CAPITAL

TRUST

The

Core

Fixed

Income

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Principal

Amount  

(000)

Security

Description

Rate

%

Maturity  

Date

Value

(000)

U.S.

Government

Agency

Mortgages

(continued)

$

4

Fannie

Mae,

Pool

#FM1960

.......................................

4.00

5/1/49

$

4

3

Fannie

Mae,

Pool

#BD7060

.......................................

4.00

3/1/47

3

2

Fannie

Mae,

Pool

#MA3537

.......................................

4.50

12/1/48

2

2

Fannie

Mae,

Pool

#BN4309

.......................................

4.50

1/1/49

2

43

Fannie

Mae,

Pool

#BV7928

.......................................

4.50

8/1/52

41

3

Fannie

Mae,

Pool

#CA0623

.......................................

4.50

10/1/47

3

5

Fannie

Mae,

Pool

#AS2751

........................................

4.50

6/1/44

5

9

Fannie

Mae,

Pool

#AS9394

........................................

4.50

4/1/47

9

11

Fannie

Mae,

Pool

#MA3184

.......................................

4.50

11/1/47

10

3

Fannie

Mae,

Pool

#MA3639

.......................................

4.50

4/1/49

3

20

Fannie

Mae,

Pool

#AE0217

.......................................

4.50

8/1/40

20

6

Fannie

Mae,

Pool

#MA3747

.......................................

4.50

8/1/49

6

4

Fannie

Mae,

Pool

#CA1711

.......................................

4.50

5/1/48

3

3

Fannie

Mae,

Pool

#BK4850

.......................................

4.50

5/1/48

3

4

Fannie

Mae,

Pool

#BM3286

.......................................

4.50

11/1/47

4

—

Fannie

Mae,

Pool

#930998

........................................

4.50

4/1/29

—

2

Fannie

Mae,

Pool

#BK6328

.......................................

4.50

6/1/48

2

16

Fannie

Mae,

Pool

#AE0954

.......................................

4.50

2/1/41

15

3

Fannie

Mae,

Pool

#890603

........................................

5.00

8/1/41

3

24

Fannie

Mae,

Pool

#MA5071

.......................................

5.00

7/1/53

23

4

Fannie

Mae,

Pool

#725027

........................................

5.00

11/1/33

4

22

Fannie

Mae,

Pool

#MA4761

.......................................

5.00

9/1/52

22

8

Fannie

Mae,

Pool

#725238

........................................

5.00

3/1/34

8

18

Fannie

Mae,

Pool

#889117

........................................

5.00

10/1/35

18

4

Fannie

Mae,

Pool

#BM3904

.......................................

5.00

5/1/48

4

24

Fannie

Mae,

Pool

#MA5107

.......................................

5.50

8/1/53

24

24

Fannie

Mae,

Pool

#MA5072

.......................................

5.50

7/1/53

23

47

Fannie

Mae,

Pool

#MA5010

.......................................

5.50

5/1/53

46

22

Fannie

Mae,

Pool

#FS3360

........................................

5.50

12/1/52

23

3

Fannie

Mae,

Pool

#890221

........................................

5.50

12/1/33

3

23

Fannie

Mae,

Pool

#MA5073

.......................................

6.00

7/1/53

23

9

Fannie

Mae,

Pool

#959451

........................................

6.00

12/1/37

10

24

Fannie

Mae,

Pool

#MA5166

.......................................

6.00

10/1/53

24

48

Fannie

Mae,

Pool

#MA5217

.......................................

6.50

12/1/53

48

50

Fannie

Mae,

15

YR

TBA

.........................................

1.50

4/25/39

43

25

Fannie

Mae,

15

YR

TBA

.........................................

4.50

4/25/39

25

25

Fannie

Mae,

15

YR

TBA

.........................................

5.00

4/25/39

25

25

Fannie

Mae,

30

YR

TBA

.........................................

3.50

4/25/54

22

25

Fannie

Mae,

30

YR

TBA

.........................................

4.50

4/25/54

24

25

Fannie

Mae,

30

YR

TBA

.........................................

4.50

5/25/54

24

50

Fannie

Mae,

30

YR

TBA

.........................................

5.00

4/25/54

48

25

Fannie

Mae,

30

YR

TBA

.........................................

5.50

4/25/54

25

25

Fannie

Mae,

30

YR

TBA

.........................................

6.00

5/25/54

25

25

Fannie

Mae,

30

YR

TBA

.........................................

6.00

4/25/54

25

25

Fannie

Mae,

30

YR

TBA

.........................................

6.50

4/25/54

26

25

Fannie

Mae,

30

YR

TBA

.........................................

6.50

5/25/54

26

50

Fannie

Mae,

30

YR

TBA

.........................................

7.00

4/25/54

51

18

Freddie

Mac,

Pool

#SB8097

.......................................

1.50

4/1/36

15

16

Freddie

Mac,

Pool

#SB8088

.......................................

1.50

2/1/36

14

20

Freddie

Mac,

Pool

#RB5110

.......................................

1.50

5/1/41

16

20

Freddie

Mac,

Pool

#QN9521

.......................................

1.50

2/1/37

18

41

Freddie

Mac,

Pool

#QC0962

.......................................

1.50

4/1/51

31

42

Freddie

Mac,

Pool

#SD8154

.......................................

1.50

7/1/51

32

21

Freddie

Mac,

Pool

#SB8144

.......................................

1.50

3/1/37

18

20

Freddie

Mac,

Pool

#SD8146

.......................................

2.00

5/1/51

16

19

Freddie

Mac,

Pool

#RB5114

.......................................

2.00

6/1/41

16

40

Freddie

Mac,

Pool

#QC0423

.......................................

2.00

4/1/51

32

20

Freddie

Mac,

Pool

#RA3328

.......................................

2.00

8/1/50

16

18

Freddie

Mac,

Pool

#SB8115

.......................................

2.00

8/1/36

16

131

HC

CAPITAL

TRUST

The

Core

Fixed

Income

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Principal

Amount  

(000)

Security

Description

Rate

%

Maturity  

Date

Value

(000)

U.S.

Government

Agency

Mortgages

(continued)

$

20

Freddie

Mac,

Pool

#RB5121

.......................................

2.00

8/1/41

$

17

18

Freddie

Mac,

Pool

#RA3575

.......................................

2.00

9/1/50

14

20

Freddie

Mac,

Pool

#RA4214

.......................................

2.00

12/1/50

16

21

Freddie

Mac,

Pool

#QC7473

.......................................

2.00

9/1/51

17

44

Freddie

Mac,

Pool

#SD8177

.......................................

2.00

11/1/51

35

12

Freddie

Mac,

Pool

#SB8061

.......................................

2.00

9/1/35

11

38

Freddie

Mac,

Pool

#SD8128

.......................................

2.00

2/1/51

30

20

Freddie

Mac,

Pool

#RA5040

.......................................

2.00

4/1/51

16

22

Freddie

Mac,

Pool

#RA5155

.......................................

2.00

5/1/51

17

21

Freddie

Mac,

Pool

#RA5257

.......................................

2.00

5/1/51

17

20

Freddie

Mac,

Pool

#SD8079

.......................................

2.00

7/1/50

16

18

Freddie

Mac,

Pool

#QB3926

.......................................

2.00

10/1/50

15

40

Freddie

Mac,

Pool

#QB6893

.......................................

2.00

12/1/50

32

39

Freddie

Mac,

Pool

#QB7708

.......................................

2.00

1/1/51

31

21

Freddie

Mac,

Pool

#QC3597

.......................................

2.00

6/1/51

17

17

Freddie

Mac,

Pool

#RA3205

.......................................

2.00

8/1/50

14

22

Freddie

Mac,

Pool

#SD8172

.......................................

2.00

10/1/51

17

44

Freddie

Mac,

Pool

#QD1254

.......................................

2.00

11/1/51

35

41

Freddie

Mac,

Pool

#QC3697

.......................................

2.00

6/1/51

33

29

Freddie

Mac,

Pool

#SB8079

.......................................

2.00

12/1/35

26

18

Freddie

Mac,

Pool

#SB8510

.......................................

2.00

2/1/36

16

38

Freddie

Mac,

Pool

#SB8128

.......................................

2.00

11/1/36

34

44

Freddie

Mac,

Pool

#SD8188

.......................................

2.00

1/1/52

35

23

Freddie

Mac,

Pool

#SD8199

.......................................

2.00

3/1/52

18

19

Freddie

Mac,

Pool

#SD8121

.......................................

2.00

1/1/51

15

39

Freddie

Mac,

Pool

#SD7537

.......................................

2.00

3/1/51

31

40

Freddie

Mac,

Pool

#QC1333

.......................................

2.00

5/1/51

32

37

Freddie

Mac,

Pool

#SD8113

.......................................

2.00

12/1/50

29

17

Freddie

Mac,

Pool

#RB5095

.......................................

2.00

1/1/41

15

45

Freddie

Mac,

Pool

#SD8193

.......................................

2.00

2/1/52

35

15

Freddie

Mac,

Pool

#RC1727

.......................................

2.00

12/1/35

13

21

Freddie

Mac,

Pool

#SD8098

.......................................

2.00

10/1/50

17

22

Freddie

Mac,

Pool

#QD5748

.......................................

2.00

2/1/52

18

42

Freddie

Mac,

Pool

#SD8160

.......................................

2.00

8/1/51

34

17

Freddie

Mac,

Pool

#SB8107

.......................................

2.00

6/1/36

15

10

Freddie

Mac,

Pool

#RB5054

.......................................

2.50

6/1/40

9

6

Freddie

Mac,

Pool

#ZS8692

.......................................

2.50

4/1/33

6

14

Freddie

Mac,

Pool

#SD8099

.......................................

2.50

10/1/50

12

36

Freddie

Mac,

Pool

#SD8141

.......................................

2.50

4/1/51

30

15

Freddie

Mac,

Pool

#ZS4687

.......................................

2.50

11/1/46

12

18

Freddie

Mac,

Pool

#SD8147

.......................................

2.50

5/1/51

15

16

Freddie

Mac,

Pool

#SD8129

.......................................

2.50

2/1/51

13

20

Freddie

Mac,

Pool

#SB0301

.......................................

2.50

4/1/35

18

14

Freddie

Mac,

Pool

#RA2897

.......................................

2.50

6/1/50

12

21

Freddie

Mac,

Pool

#RA6019

.......................................

2.50

10/1/51

18

40

Freddie

Mac,

Pool

#RA5832

.......................................

2.50

9/1/51

33

22

Freddie

Mac,

Pool

#SD8205

.......................................

2.50

4/1/52

19

5

Freddie

Mac,

Pool

#G18687

.......................................

2.50

5/1/33

5

15

Freddie

Mac,

Pool

#QB3703

.......................................

2.50

9/1/50

13

43

Freddie

Mac,

Pool

#SD8183

.......................................

2.50

12/1/51

36

7

Freddie

Mac,

Pool

#G07445

.......................................

2.50

7/1/43

6

44

Freddie

Mac,

Pool

#SD8194

.......................................

2.50

2/1/52

36

15

Freddie

Mac,

Pool

#QB3287

.......................................

2.50

8/1/50

12

20

Freddie

Mac,

Pool

#SD8167

.......................................

2.50

9/1/51

17

23

Freddie

Mac,

Pool

#RA6136

.......................................

2.50

10/1/51

19

30

Freddie

Mac,

Pool

#SD8114

.......................................

2.50

12/1/50

25

6

Freddie

Mac,

Pool

#RB5043

.......................................

2.50

4/1/40

6

16

Freddie

Mac,

Pool

#RA4527

.......................................

2.50

2/1/51

13

21

Freddie

Mac,

Pool

#QC7457

.......................................

2.50

9/1/51

17

132

HC

CAPITAL

TRUST

The

Core

Fixed

Income

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Principal

Amount  

(000)

Security

Description

Rate

%

Maturity  

Date

Value

(000)

U.S.

Government

Agency

Mortgages

(continued)

$

22

Freddie

Mac,

Pool

#RA6621

.......................................

2.50

1/1/52

$

18

21

Freddie

Mac,

Pool

#RA6815

.......................................

2.50

2/1/52

18

19

Freddie

Mac,

Pool

#SD8151

.......................................

2.50

6/1/51

16

10

Freddie

Mac,

Pool

#G18470

.......................................

2.50

6/1/28

9

21

Freddie

Mac,

Pool

#RA5802

.......................................

2.50

9/1/51

18

31

Freddie

Mac,

Pool

#RA2643

.......................................

2.50

6/1/50

26

25

Freddie

Mac,

Pool

#SB8045

.......................................

2.50

5/1/35

23

19

Freddie

Mac,

Pool

#RA5286

.......................................

2.50

5/1/51

16

44

Freddie

Mac,

Pool

#SD1011

.......................................

2.50

4/1/52

36

22

Freddie

Mac,

Pool

#SD8189

.......................................

2.50

1/1/52

18

12

Freddie

Mac,

Pool

#RA2595

.......................................

2.50

5/1/50

10

13

Freddie

Mac,

Pool

#SD8083

.......................................

2.50

8/1/50

11

19

Freddie

Mac,

Pool

#QC2031

.......................................

2.50

5/1/51

16

30

Freddie

Mac,

Pool

#RA2634

.......................................

2.50

5/1/50

25

20

Freddie

Mac,

Pool

#RA3528

.......................................

2.50

9/1/50

16

44

Freddie

Mac,

Pool

#RA6493

.......................................

2.50

12/1/51

37

23

Freddie

Mac,

Pool

#QE2352

.......................................

2.50

5/1/52

19

16

Freddie

Mac,

Pool

#SD8122

.......................................

2.50

1/1/51

13

10

Freddie

Mac,

Pool

#G18485

.......................................

2.50

10/1/28

9

20

Freddie

Mac,

Pool

#SD8021

.......................................

2.50

9/1/49

17

16

Freddie

Mac,

Pool

#G60989

.......................................

3.00

12/1/46

14

23

Freddie

Mac,

Pool

#ZS4511

.......................................

3.00

3/1/43

20

9

Freddie

Mac,

Pool

#G18663

.......................................

3.00

10/1/32

9

13

Freddie

Mac,

Pool

#ZA2304

.......................................

3.00

6/1/33

12

10

Freddie

Mac,

Pool

#ZS4658

.......................................

3.00

4/1/46

9

13

Freddie

Mac,

Pool

#ZS4706

.......................................

3.00

3/1/47

12

5

Freddie

Mac,

Pool

#ZS4688

.......................................

3.00

11/1/46

5

13

Freddie

Mac,

Pool

#QB1382

.......................................

3.00

7/1/50

11

32

Freddie

Mac,

Pool

#ZS4522

.......................................

3.00

7/1/43

29

6

Freddie

Mac,

Pool

#SD8056

.......................................

3.00

4/1/50

6

8

Freddie

Mac,

Pool

#QA8065

.......................................

3.00

3/1/50

7

9

Freddie

Mac,

Pool

#SD8074

.......................................

3.00

7/1/50

8

10

Freddie

Mac,

Pool

#QA9049

.......................................

3.00

4/1/50

9

5

Freddie

Mac,

Pool

#QA1033

.......................................

3.00

7/1/49

4

15

Freddie

Mac,

Pool

#ZS4606

.......................................

3.00

3/1/45

13

5

Freddie

Mac,

Pool

#G08803

.......................................

3.00

3/1/48

4

11

Freddie

Mac,

Pool

#SD8030

.......................................

3.00

12/1/49

10

7

Freddie

Mac,

Pool

#SB8046

.......................................

3.00

5/1/35

7

37

Freddie

Mac,

Pool

#SD8174

.......................................

3.00

10/1/51

32

7

Freddie

Mac,

Pool

#G15145

.......................................

3.00

7/1/29

6

2

Freddie

Mac,

Pool

#G18518

.......................................

3.00

7/1/29

2

6

Freddie

Mac,

Pool

#ZM2089

.......................................

3.00

11/1/46

5

22

Freddie

Mac,

Pool

#QD9881

.......................................

3.00

3/1/52

19

7

Freddie

Mac,

Pool

#G61680

.......................................

3.00

4/1/47

6

11

Freddie

Mac,

Pool

#G08737

.......................................

3.00

12/1/46

10

4

Freddie

Mac,

Pool

#G18601

.......................................

3.00

5/1/31

4

6

Freddie

Mac,

Pool

#J36428

........................................

3.00

2/1/32

5

4

Freddie

Mac,

Pool

#G08635

.......................................

3.00

4/1/45

4

5

Freddie

Mac,

Pool

#ZM4908

.......................................

3.50

11/1/47

4

4

Freddie

Mac,

Pool

#ZS4659

.......................................

3.50

4/1/46

3

3

Freddie

Mac,

Pool

#G08770

.......................................

3.50

7/1/47

3

1

Freddie

Mac,

Pool

#J14069

........................................

3.50

1/1/26

1

15

Freddie

Mac,

Pool

#G08636

.......................................

3.50

4/1/45

13

7

Freddie

Mac,

Pool

#SB8007

.......................................

3.50

9/1/34

7

3

Freddie

Mac,

Pool

#G08627

.......................................

3.50

2/1/45

3

16

Freddie

Mac,

Pool

#G08554

.......................................

3.50

10/1/43

15

4

Freddie

Mac,

Pool

#ZA5052

.......................................

3.50

11/1/47

4

3

Freddie

Mac,

Pool

#SD8001

.......................................

3.50

7/1/49

3

11

Freddie

Mac,

Pool

#ZS4618

.......................................

3.50

6/1/45

10

133

HC

CAPITAL

TRUST

The

Core

Fixed

Income

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Principal

Amount  

(000)

Security

Description

Rate

%

Maturity  

Date

Value

(000)

U.S.

Government

Agency

Mortgages

(continued)

$

8

Freddie

Mac,

Pool

#RA2469

.......................................

3.50

4/1/50

$

7

7

Freddie

Mac,

Pool

#G61148

.......................................

3.50

9/1/47

7

4

Freddie

Mac,

Pool

#ZS4599

.......................................

3.50

1/1/45

3

6

Freddie

Mac,

Pool

#G08761

.......................................

3.50

5/1/47

6

5

Freddie

Mac,

Pool

#G08620

.......................................

3.50

12/1/44

4

5

Freddie

Mac,

Pool

#J30284

........................................

3.50

11/1/29

5

6

Freddie

Mac,

Pool

#G08784

.......................................

3.50

10/1/47

6

13

Freddie

Mac,

Pool

#ZS4642

.......................................

3.50

12/1/45

12

6

Freddie

Mac,

Pool

#Q43933

.......................................

3.50

10/1/46

5

6

Freddie

Mac,

Pool

#SD8011

.......................................

3.50

9/1/49

5

22

Freddie

Mac,

Pool

#SD8038

.......................................

3.50

1/1/50

20

6

Freddie

Mac,

Pool

#ZS4651

.......................................

3.50

3/1/46

6

22

Freddie

Mac,

Pool

#SD8214

.......................................

3.50

5/1/52

20

7

Freddie

Mac,

Pool

#G08698

.......................................

3.50

3/1/46

6

3

Freddie

Mac,

Pool

#ZS4771

.......................................

3.50

6/1/48

3

7

Freddie

Mac,

Pool

#G08687

.......................................

3.50

1/1/46

6

3

Freddie

Mac,

Pool

#Q57871

.......................................

3.50

8/1/48

3

4

Freddie

Mac,

Pool

#ZS4713

.......................................

3.50

4/1/47

3

8

Freddie

Mac,

Pool

#RA1508

.......................................

3.50

10/1/49

7

5

Freddie

Mac,

Pool

#V83453

.......................................

3.50

10/1/47

4

7

Freddie

Mac,

Pool

#ZS4631

.......................................

4.00

9/1/45

7

4

Freddie

Mac,

Pool

#G08771

.......................................

4.00

7/1/47

4

7

Freddie

Mac,

Pool

#SD8070

.......................................

4.00

6/1/50

7

2

Freddie

Mac,

Pool

#ZA6946

.......................................

4.00

5/1/49

2

5

Freddie

Mac,

Pool

#SD0290

.......................................

4.00

4/1/50

4

47

Freddie

Mac,

Pool

#SD8286

.......................................

4.00

1/1/53

44

5

Freddie

Mac,

Pool

#C91395

.......................................

4.00

9/1/31

5

13

Freddie

Mac,

Pool

#ZL7781

.......................................

4.00

2/1/44

12

9

Freddie

Mac,

Pool

#G08606

.......................................

4.00

9/1/44

9

12

Freddie

Mac,

Pool

#G08637

.......................................

4.00

4/1/45

11

4

Freddie

Mac,

Pool

#G08801

.......................................

4.00

2/1/48

4

9

Freddie

Mac,

Pool

#A96286

.......................................

4.00

1/1/41

8

7

Freddie

Mac,

Pool

#G08775

.......................................

4.00

8/1/47

6

7

Freddie

Mac,

Pool

#ZA4988

.......................................

4.00

8/1/47

7

46

Freddie

Mac,

Pool

#SD8244

.......................................

4.00

9/1/52

43

23

Freddie

Mac,

Pool

#QE5462

.......................................

4.00

7/1/52

22

5

Freddie

Mac,

Pool

#ZT1320

.......................................

4.00

11/1/48

4

9

Freddie

Mac,

Pool

#G08567

.......................................

4.00

1/1/44

8

6

Freddie

Mac,

Pool

#ZS4708

.......................................

4.00

3/1/47

6

3

Freddie

Mac,

Pool

#ZT1840

.......................................

4.00

9/1/48

2

3

Freddie

Mac,

Pool

#ZT2106

.......................................

4.00

3/1/49

3

7

Freddie

Mac,

Pool

#Q58680

.......................................

4.00

9/1/48

6

3

Freddie

Mac,

Pool

#G08781

.......................................

4.50

9/1/47

3

47

Freddie

Mac,

Pool

#SD8306

.......................................

4.50

3/1/53

45

23

Freddie

Mac,

Pool

#SD8266

.......................................

4.50

11/1/52

22

12

Freddie

Mac,

Pool

#G01890

.......................................

4.50

10/1/35

12

3

Freddie

Mac,

Pool

#ZS4774

.......................................

4.50

5/1/48

3

4

Freddie

Mac,

Pool

#C09059

.......................................

4.50

3/1/44

4

5

Freddie

Mac,

Pool

#Q52321

.......................................

4.50

11/1/47

5

24

Freddie

Mac,

Pool

#SD8340

.......................................

4.50

7/1/53

23

23

Freddie

Mac,

Pool

#SD8245

.......................................

4.50

9/1/52

22

15

Freddie

Mac,

Pool

#A97692

.......................................

4.50

3/1/41

14

4

Freddie

Mac,

Pool

#Q58217

.......................................

4.50

9/1/48

4

24

Freddie

Mac,

Pool

#SD8315

.......................................

5.00

4/1/53

23

8

Freddie

Mac,

Pool

#G04817

.......................................

5.00

9/1/38

8

48

Freddie

Mac,

Pool

#SD8341

.......................................

5.00

7/1/53

47

23

Freddie

Mac,

Pool

#SD8288

.......................................

5.00

1/1/53

23

8

Freddie

Mac,

Pool

#G01962

.......................................

5.00

12/1/35

8

8

Freddie

Mac,

Pool

#G05904

.......................................

5.00

9/1/39

9

134

HC

CAPITAL

TRUST

The

Core

Fixed

Income

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Principal

Amount  

(000)

Security

Description

Rate

%

Maturity  

Date

Value

(000)

U.S.

Government

Agency

Mortgages

(continued)

$

6

Freddie

Mac,

Pool

#ZT1779

.......................................

5.00

3/1/49

$

6

24

Freddie

Mac,

Pool

#SD8361

.......................................

5.00

9/1/53

24

24

Freddie

Mac,

Pool

#SD8323

.......................................

5.00

5/1/53

23

3

Freddie

Mac,

Pool

#G08838

.......................................

5.00

9/1/48

3

12

Freddie

Mac,

Pool

#G01665

.......................................

5.50

3/1/34

12

24

Freddie

Mac,

Pool

#SD8372

.......................................

5.50

11/1/53

24

23

Freddie

Mac,

Pool

#SD8300

.......................................

5.50

2/1/53

23

24

Freddie

Mac,

Pool

#SD8342

.......................................

5.50

7/1/53

24

23

Freddie

Mac,

Pool

#SD8331

.......................................

5.50

6/1/53

23

48

Freddie

Mac,

Pool

#SD8362

.......................................

5.50

9/1/53

48

23

Freddie

Mac,

Pool

#SD8325

.......................................

6.00

5/1/53

23

48

Freddie

Mac,

Pool

#SD8373

.......................................

6.00

11/1/53

48

23

Freddie

Mac,

Pool

#SD8350

.......................................

6.00

8/1/53

24

24

Freddie

Mac,

Pool

#SD8363

.......................................

6.00

9/1/53

24

9

Freddie

Mac,

Pool

#G02794

.......................................

6.00

5/1/37

9

24

Freddie

Mac,

Pool

#SD8384

.......................................

6.00

12/1/53

24

1

Freddie

Mac,

Pool

#C90989

.......................................

6.00

9/1/26

1

24

Freddie

Mac,

Pool

#SD8374

.......................................

6.50

11/1/53

24

48

Freddie

Mac,

Pool

#SD8397

.......................................

6.50

1/1/54

48

22

Government

National

Mortgage

Association,

Pool

#MA7880

................

2.00

2/20/52

18

32

Government

National

Mortgage

Association,

Pool

#MA6930

................

2.00

10/20/50

27

39

Government

National

Mortgage

Association,

Pool

#MA7471

................

2.00

7/20/51

32

22

Government

National

Mortgage

Association,

Pool

#MA7986

................

2.00

4/20/52

18

17

Government

National

Mortgage

Association,

Pool

#MA7051

................

2.00

12/20/50

14

19

Government

National

Mortgage

Association,

Pool

#MA7366

................

2.00

5/20/51

15

20

Government

National

Mortgage

Association,

Pool

#MA6994

................

2.00

11/20/50

16

42

Government

National

Mortgage

Association,

Pool

#MA7704

................

2.00

11/20/51

34

21

Government

National

Mortgage

Association,

Pool

#MA7826

................

2.00

1/20/52

18

18

Government

National

Mortgage

Association,

Pool

#MA7311

................

2.00

4/20/51

15

21

Government

National

Mortgage

Association,

Pool

#MA7766

................

2.00

12/20/51

17

20

Government

National

Mortgage

Association,

Pool

#MA7588

................

2.00

9/20/51

17

31

Government

National

Mortgage

Association,

Pool

#MA6864

................

2.00

9/20/50

26

36

Government

National

Mortgage

Association,

Pool

#MA7254

................

2.00

3/20/51

29

22

Government

National

Mortgage

Association,

Pool

#MA8041

................

2.00

5/20/52

18

17

Government

National

Mortgage

Association,

Pool

#MA7135

................

2.00

1/20/51

14

19

Government

National

Mortgage

Association,

Pool

#MA7417

................

2.00

6/20/51

15

22

Government

National

Mortgage

Association,

Pool

#MA7935

................

2.00

3/20/52

18

13

Government

National

Mortgage

Association,

Pool

#MA6931

................

2.50

10/20/50

11

5

Government

National

Mortgage

Association,

Pool

#MA4355

................

2.50

4/20/32

4

9

Government

National

Mortgage

Association,

Pool

#MA6655

................

2.50

5/20/50

8

13

Government

National

Mortgage

Association,

Pool

#MA6995

................

2.50

11/20/50

11

42

Government

National

Mortgage

Association,

Pool

#MA7767

................

2.50

12/20/51

36

17

Government

National

Mortgage

Association,

Pool

#MA7312

................

2.50

4/20/51

15

7

Government

National

Mortgage

Association,

Pool

#MA6540

................

2.50

3/20/50

6

41

Government

National

Mortgage

Association,

Pool

#MA6709

................

2.50

6/20/50

35

38

Government

National

Mortgage

Association,

Pool

#MA7472

................

2.50

7/20/51

33

4

Government

National

Mortgage

Association,

Pool

#MA1155

................

2.50

7/20/43

3

18

Government

National

Mortgage

Association,

Pool

#MA7136

................

2.50

1/20/51

15

22

Government

National

Mortgage

Association,

Pool

#MA7936

................

2.50

3/20/52

18

39

Government

National

Mortgage

Association,

Pool

#MA7534

................

2.50

8/20/51

33

41

Government

National

Mortgage

Association,

Pool

#MA7649

................

2.50

10/20/51

35

1

Government

National

Mortgage

Association,

Pool

#AA8341

................

2.50

2/15/28

1

22

Government

National

Mortgage

Association,

Pool

#MA8042

................

2.50

5/20/52

19

20

Government

National

Mortgage

Association,

Pool

#MA7589

................

2.50

9/20/51

17

19

Government

National

Mortgage

Association,

Pool

#MA7418

................

2.50

6/20/51

16

32

Government

National

Mortgage

Association,

Pool

#MA7255

................

2.50

3/20/51

28

30

Government

National

Mortgage

Association,

Pool

#MA7193

................

2.50

2/20/51

26

33

Government

National

Mortgage

Association,

Pool

#MA6865

................

2.50

9/20/50

28

23

Government

National

Mortgage

Association,

Pool

#MA6819

................

2.50

8/20/50

20

135

HC

CAPITAL

TRUST

The

Core

Fixed

Income

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Principal

Amount  

(000)

Security

Description

Rate

%

Maturity  

Date

Value

(000)

U.S.

Government

Agency

Mortgages

(continued)

$

5

Government

National

Mortgage

Association,

Pool

#MA3873

................

3.00

8/20/46

$

4

8

Government

National

Mortgage

Association,

Pool

#MA3936

................

3.00

9/20/46

7

5

Government

National

Mortgage

Association,

Pool

#MA4068

................

3.00

11/20/46

5

22

Government

National

Mortgage

Association,

Pool

#MA8098

................

3.00

6/20/52

20

7

Government

National

Mortgage

Association,

Pool

#MA3662

................

3.00

5/20/46

7

10

Government

National

Mortgage

Association,

Pool

#MA3375

................

3.00

1/20/46

9

7

Government

National

Mortgage

Association,

Pool

#MA4836

................

3.00

11/20/47

7

9

Government

National

Mortgage

Association,

Pool

#MA4320

................

3.00

3/20/47

8

5

Government

National

Mortgage

Association,

Pool

#MA4261

................

3.00

2/20/47

4

8

Government

National

Mortgage

Association,

Pool

#MA3802

................

3.00

7/20/46

7

7

Government

National

Mortgage

Association,

Pool

#MA2960

................

3.00

7/20/45

6

7

Government

National

Mortgage

Association,

Pool

#AA5897

................

3.00

12/15/42

6

10

Government

National

Mortgage

Association,

Pool

#MA3735

................

3.00

6/20/46

9

20

Government

National

Mortgage

Association,

Pool

#MA6218

................

3.00

10/20/49

18

7

Government

National

Mortgage

Association,

Pool

#MA4195

................

3.00

1/20/47

6

12

Government

National

Mortgage

Association,

Pool

#MA4003

................

3.00

10/20/46

11

21

Government

National

Mortgage

Association,

Pool

#MA7828

................

3.00

1/20/52

18

14

Government

National

Mortgage

Association,

Pool

#MA1011

................

3.00

5/20/43

13

5

Government

National

Mortgage

Association,

Pool

#MA6283

................

3.00

11/20/49

5

4

Government

National

Mortgage

Association,

Pool

#MA0205

................

3.00

7/20/27

4

14

Government

National

Mortgage

Association,

Pool

#MA0851

................

3.00

3/20/43

13

12

Government

National

Mortgage

Association,

Pool

#MA5018

................

3.00

2/20/48

11

14

Government

National

Mortgage

Association,

Pool

#MA4899

................

3.00

12/20/47

12

10

Government

National

Mortgage

Association,

Pool

#MA2520

................

3.00

1/20/45

9

6

Government

National

Mortgage

Association,

Pool

#MA6409

................

3.00

1/20/50

5

8

Government

National

Mortgage

Association,

Pool

#MA6710

................

3.00

6/20/50

7

7

Government

National

Mortgage

Association,

Pool

#MA3243

................

3.00

11/20/45

6

10

Government

National

Mortgage

Association,

Pool

#MA6820

................

3.00

8/20/50

9

7

Government

National

Mortgage

Association,

Pool

#MA6599

................

3.00

4/20/50

6

16

Government

National

Mortgage

Association,

Pool

#MA6656

................

3.00

5/20/50

14

11

Government

National

Mortgage

Association,

Pool

#MA6474

................

3.00

2/20/50

10

6

Government

National

Mortgage

Association,

Pool

#MA6338

................

3.00

12/20/49

5

4

Government

National

Mortgage

Association,

Pool

#MA5815

................

3.00

3/20/49

4

6

Government

National

Mortgage

Association,

Pool

#MA4126

................

3.00

12/20/46

6

3

Government

National

Mortgage

Association,

Pool

#MA3596

................

3.00

4/20/46

3

5

Government

National

Mortgage

Association,

Pool

#MA6089

................

3.00

8/20/49

5

18

Government

National

Mortgage

Association,

Pool

#MA6766

................

3.00

7/20/50

16

4

Government

National

Mortgage

Association,

Pool

#MA4837

................

3.50

11/20/47

4

7

Government

National

Mortgage

Association,

Pool

#MA3105

................

3.50

9/20/45

6

8

Government

National

Mortgage

Association,

Pool

#MA4652

................

3.50

8/20/47

7

7

Government

National

Mortgage

Association,

Pool

#MA4586

................

3.50

7/20/47

6

7

Government

National

Mortgage

Association,

Pool

#MA3310

................

3.50

12/20/45

6

9

Government

National

Mortgage

Association,

Pool

#MA4127

................

3.50

12/20/46

8

8

Government

National

Mortgage

Association,

Pool

#MA4004

................

3.50

10/20/46

7

7

Government

National

Mortgage

Association,

Pool

#MA3803

................

3.50

7/20/46

6

7

Government

National

Mortgage

Association,

Pool

#MA4510

................

3.50

6/20/47

7

4

Government

National

Mortgage

Association,

Pool

#MA4778

................

3.50

10/20/47

4

6

Government

National

Mortgage

Association,

Pool

#MA5875

................

3.50

4/20/49

6

7

Government

National

Mortgage

Association,

Pool

#MA3874

................

3.50

8/20/46

7

7

Government

National

Mortgage

Association,

Pool

#MA4382

................

3.50

4/20/47

7

3

Government

National

Mortgage

Association,

Pool

#MA1574

................

3.50

1/20/29

3

7

Government

National

Mortgage

Association,

Pool

#MA2223

................

3.50

9/20/44

7

4

Government

National

Mortgage

Association,

Pool

#AC3938

................

3.50

1/15/43

4

6

Government

National

Mortgage

Association,

Pool

#MA3376

................

3.50

1/20/46

6

6

Government

National

Mortgage

Association,

Pool

#MA2961

................

3.50

7/20/45

5

9

Government

National

Mortgage

Association,

Pool

#MA3173

................

3.50

10/20/45

9

23

Government

National

Mortgage

Association,

Pool

#MA8199

................

3.50

8/20/52

21

7

Government

National

Mortgage

Association,

Pool

#MA3597

................

3.50

4/20/46

6

4

Government

National

Mortgage

Association,

Pool

#MA6339

................

3.50

12/20/49

4

136

HC

CAPITAL

TRUST

The

Core

Fixed

Income

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Principal

Amount  

(000)

Security

Description

Rate

%

Maturity  

Date

Value

(000)

U.S.

Government

Agency

Mortgages

(continued)

$

4

Government

National

Mortgage

Association,

Pool

#MA6219

................

3.50

10/20/49

$

3

5

Government

National

Mortgage

Association,

Pool

#MA5019

................

3.50

2/20/48

5

3

Government

National

Mortgage

Association,

Pool

#AB9211

................

3.50

11/15/42

3

7

Government

National

Mortgage

Association,

Pool

#MA2371

................

3.50

11/20/44

7

3

Government

National

Mortgage

Association,

Pool

#MA3454

................

3.50

2/20/46

3

4

Government

National

Mortgage

Association,

Pool

#MA5191

................

3.50

5/20/48

4

13

Government

National

Mortgage

Association,

Pool

#MA0699

................

3.50

1/20/43

12

7

Government

National

Mortgage

Association,

Pool

#MA3736

................

3.50

6/20/46

6

7

Government

National

Mortgage

Association,

Pool

#MA4321

................

3.50

3/20/47

7

5

Government

National

Mortgage

Association,

Pool

#MA2826

................

3.50

5/20/45

5

16

Government

National

Mortgage

Association,

Pool

#MA1157

................

3.50

7/20/43

14

3

Government

National

Mortgage

Association,

Pool

#MA5762

................

3.50

2/20/49

3

5

Government

National

Mortgage

Association,

Pool

#MA3244

................

3.50

11/20/45

5

9

Government

National

Mortgage

Association,

Pool

#MA3737

................

4.00

6/20/46

9

26

Government

National

Mortgage

Association,

Pool

#MA1091

................

4.00

6/20/43

25

3

Government

National

Mortgage

Association,

Pool

#MA4263

................

4.00

2/20/47

3

6

Government

National

Mortgage

Association,

Pool

#MA6040

................

4.00

7/20/49

6

6

Government

National

Mortgage

Association,

Pool

#MA4511

................

4.00

6/20/47

6

3

Government

National

Mortgage

Association,

Pool

#MA5876

................

4.00

4/20/49

2

3

Government

National

Mortgage

Association,

Pool

#MA3245

................

4.00

11/20/45

3

3

Government

National

Mortgage

Association,

Pool

#MA3377

................

4.00

1/20/46

3

2

Government

National

Mortgage

Association,

Pool

#MA5710

................

4.00

1/20/49

2

3

Government

National

Mortgage

Association,

Pool

#MA5466

................

4.00

9/20/48

3

3

Government

National

Mortgage

Association,

Pool

#MA5986

................

4.00

6/20/49

3

24

Government

National

Mortgage

Association,

Pool

#MA8488

................

4.00

12/20/52

22

6

Government

National

Mortgage

Association,

Pool

#MA1996

................

4.00

6/20/44

5

3

Government

National

Mortgage

Association,

Pool

#MA5595

................

4.00

11/20/48

3

3

Government

National

Mortgage

Association,

Pool

#MA5651

................

4.00

12/20/48

3

3

Government

National

Mortgage

Association,

Pool

#MA4653

................

4.00

8/20/47

3

3

Government

National

Mortgage

Association,

Pool

#MA4322

................

4.00

3/20/47

3

4

Government

National

Mortgage

Association,

Pool

#MA3522

................

4.00

3/20/46

4

23

Government

National

Mortgage

Association,

Pool

#MA8200

................

4.00

8/20/52

22

7

Government

National

Mortgage

Association,

Pool

#MA6091

................

4.00

8/20/49

7

24

Government

National

Mortgage

Association,

Pool

#MA8877

................

4.50

5/20/53

23

13

Government

National

Mortgage

Association,

Pool

#721760

.................

4.50

8/15/40

13

4

Government

National

Mortgage

Association,

Pool

#MA2373

................

4.50

11/20/44

4

22

Government

National

Mortgage

Association,

Pool

#4801

..................

4.50

9/20/40

22

6

Government

National

Mortgage

Association,

Pool

#MA2756

................

4.50

4/20/45

6

2

Government

National

Mortgage

Association,

Pool

#MA5818

................

4.50

3/20/49

2

5

Government

National

Mortgage

Association,

Pool

#MA5764

................

4.50

2/20/49

5

2

Government

National

Mortgage

Association,

Pool

#MA5193

................

4.50

5/20/48

2

5

Government

National

Mortgage

Association,

Pool

#MA5399

................

4.50

8/20/48

5

2

Government

National

Mortgage

Association,

Pool

#MA5596

................

4.50

11/20/48

2

3

Government

National

Mortgage

Association,

Pool

#MA4721

................

4.50

9/20/47

3

24

Government

National

Mortgage

Association,

Pool

#MA8724

................

4.50

3/20/53

23

8

Government

National

Mortgage

Association,

Pool

#MA5987

................

4.50

6/20/49

7

3

Government

National

Mortgage

Association,

Pool

#MA1762

................

4.50

3/20/44

3

25

Government

National

Mortgage

Association,

Pool

#MA9016

................

5.00

7/20/53

24

24

Government

National

Mortgage

Association,

Pool

#MA8800

................

5.00

4/20/53

24

25

Government

National

Mortgage

Association,

Pool

#MA9170

................

5.00

9/20/53

24

2

Government

National

Mortgage

Association,

Pool

#MA5653

................

5.00

12/20/48

2

2

Government

National

Mortgage

Association,

Pool

#MA5530

................

5.00

10/20/48

2

3

Government

National

Mortgage

Association,

Pool

#MA5988

................

5.00

6/20/49

3

11

Government

National

Mortgage

Association,

Pool

#697946

.................

5.00

3/15/39

11

3

Government

National

Mortgage

Association,

Pool

#MA5933

................

5.00

5/20/49

3

13

Government

National

Mortgage

Association,

Pool

#4559

..................

5.00

10/20/39

14

24

Government

National

Mortgage

Association,

Pool

#MA9017

................

5.50

7/20/53

24

25

Government

National

Mortgage

Association,

Pool

#MA9362

................

5.50

12/20/53

25

25

Government

National

Mortgage

Association,

Pool

#MA9305

................

5.50

11/20/53

25

137

HC

CAPITAL

TRUST

The

Core

Fixed

Income

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Principal

Amount  

(000)

Security

Description

Rate

%

Maturity  

Date

Value

(000)

U.S.

Government

Agency

Mortgages

(continued)

$

24

Government

National

Mortgage

Association,

Pool

#MA9018

................

6.00

7/20/53

$

24

25

Government

National

Mortgage

Association,

30

YR

TBA

..................

2.00

4/20/54

20

25

Government

National

Mortgage

Association,

30

YR

TBA

..................

3.00

5/20/54

22

25

Government

National

Mortgage

Association,

30

YR

TBA

..................

3.50

4/20/54

23

25

Government

National

Mortgage

Association,

30

YR

TBA

..................

3.50

5/20/54

23

50

Government

National

Mortgage

Association,

30

YR

TBA

..................

4.00

4/20/54

47

25

Government

National

Mortgage

Association,

30

YR

TBA

..................

4.50

4/20/54

24

50

Government

National

Mortgage

Association,

30

YR

TBA

..................

5.00

4/20/54

48

50

Government

National

Mortgage

Association,

30

YR

TBA

..................

5.50

4/20/54

49

75

Government

National

Mortgage

Association,

30

YR

TBA

..................

6.00

4/20/54

75

75

Government

National

Mortgage

Association,

30

YR

TBA

..................

6.50

4/20/54

75

Total

U.S.

Government

Agency

Mortgages

...........................

9,345

U.S.

Government

Agency

Securities

—

0.54%

25

Fannie

Mae

...................................................

0.75

10/8/27

22

25

Fannie

Mae,

Callable

6/18/24

@

100.00

...............................

0.88

12/18/26

23

10

Fannie

Mae

...................................................

5.63

7/15/37

11

20

Fannie

Mae

...................................................

6.63

11/15/30

23

28

Federal

Farm

Credit

Bank,

Callable

4/11/24

@

100.00

....................

1.55

7/26/30

23

30

Federal

Farm

Credit

Bank

.........................................

4.13

1/25/27

30

20

Federal

Farm

Credit

Bank

.........................................

4.50

3/2/26

20

30

Federal

Farm

Credit

Bank,

Callable

7/2/24

@

100.00

.....................

5.94

1/2/36

30

15

Federal

Home

Loan

Bank

.........................................

2.50

6/12/26

14

25

Federal

Home

Loan

Bank

.........................................

3.25

11/16/28

24

55

Federal

Home

Loan

Bank

.........................................

4.38

3/13/26

54

30

Federal

Home

Loan

Banks,

Callable

5/26/24

@

100.00

....................

0.90

2/26/27

27

10

Freddie

Mac

..................................................

0.00(b)

11/15/38

5

50

Freddie

Mac

..................................................

0.38

7/21/25

47

5

Freddie

Mac

..................................................

0.38

9/23/25

5

15

Freddie

Mac

..................................................

6.25

7/15/32

17

10

Freddie

Mac

..................................................

6.75

3/15/31

11

5

Tennessee

Valley

Authority

........................................

3.50

12/15/42

4

25

Tennessee

Valley

Authority

........................................

3.88

3/15/28

25

10

Tennessee

Valley

Authority

........................................

4.25

9/15/52

9

Total

U.S.

Government

Agency

Securities

............................

424

Corporate

Bonds

—

14.18%

145

AbbVie,

Inc.

(Biotechnology)  

.....................................

4.40

11/6/42

131

45

Air

Products

and

Chemicals,

Inc.

(Chemicals),

Callable

11/15/39

@

100.00 

.....

2.70

5/15/40

33

125

Amgen,

Inc.

(Biotechnology),

Callable

2/1/25

@

100.00 

..................

3.13

5/1/25

122

80

Amgen,

Inc.

(Biotechnology),

Callable

8/21/39

@

100.00 

..................

3.15

2/21/40

61

65

Amgen,

Inc.

(Biotechnology),

Callable

12/15/50

@

100.00 

.................

4.66

6/15/51

58

10

Anheuser-Busch

Cos.

LLC/Anheuser-Busch

InBev

Worldwide,

Inc.

(Beverages),

Callable

8/1/45

@

100.00 

....................................

4.90

2/1/46

10

160

Anheuser-Busch

InBev

Worldwide,

Inc.

(Beverages)  

.....................

4.95

1/15/42

156

160

Apple,

Inc.

(Technology

Hardware,

Storage

&

Peripherals),

Callable

8/23/45

@

100.00 

..................................................

4.65

2/23/46

154

45

AT&T,

Inc.

(Diversified

Telecommunication

Services),

Callable

11/1/31

@

100.00 

2.25

2/1/32

37

148

AT&T,

Inc.

(Diversified

Telecommunication

Services),

Callable

3/15/55

@

100.00 

3.55

9/15/55

103

55

AT&T,

Inc.

(Diversified

Telecommunication

Services),

Callable

9/9/48

@

100.00 

.

4.55

3/9/49

47

95

Atmos

Energy

Corp.

(Gas

Utilities),

Callable

7/15/42

@

100.00 

.............

4.15

1/15/43

83

470

Bank

of

America

Corp.

(Banks),

Callable

4/22/31

@

100.00 

................

2.69

(SOFR

+

132

bps)(c)

4/22/32

395

150

Bank

of

America

Corp.,

MTN

(Banks),

Callable

2/7/29

@

100.00 

...........

3.97

(TSFR3M

+

147

bps)(c)

2/7/30

142

40

Berkshire

Hathaway

Energy

Co.

(Oil,

Gas

&

Consumable

Fuels),

Callable

8/1/44

@

100.00 

..................................................

4.50

2/1/45

36

138

HC

CAPITAL

TRUST

The

Core

Fixed

Income

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Principal

Amount  

(000)

Security

Description

Rate

%

Maturity  

Date

Value

(000)

Corporate

Bonds

(continued)

$

55

BP

Capital

Markets

America,

Inc.

(Oil,

Gas

&

Consumable

Fuels),

Callable

8/24/49

@

100.00 

................................................

3.00

2/24/50

$

37

100

Bristol-Myers

Squibb

Co.

(Pharmaceuticals),

Callable

4/26/49

@

100.00 

.......

4.25

10/26/49

85

157

Brown

&

Brown,

Inc.

(Insurance),

Callable

12/15/30

@

100.00 

.............

2.38

3/15/31

130

75

Bunge

Ltd.

Finance

Corp.

(Consumer

Staples

Distribution

&

Retail),

Callable

2/14/31

@

100.00 

..........................................

2.75

5/14/31

64

180

Capital

One

Financial

Corp.

(Consumer

Finance),

Callable

2/1/28

@

100.00 

....

5.47

(SOFR

+

208

bps)(c)

2/1/29

179

50

Carlisle

Cos.,

Inc.

(Building

Products),

Callable

12/1/31

@

100.00 

...........

2.20

3/1/32

40

190

Charter

Communications

Operating

LLC/Charter

Communications

Operating

Capital

(Media),

Callable

1/1/31

@

100.00 

..............................

2.80

4/1/31

155

185

Citigroup,

Inc.

(Banks),

Callable

3/17/32

@

100.00 

......................

3.79

(SOFR

+

194

bps)(c)

3/17/33

165

175

Citigroup,

Inc.

(Banks),

Callable

3/31/30

@

100.00 

......................

4.41

(SOFR

+

391

bps)(c)

3/31/31

166

155

Collins

Aerospace

(Aerospace

&

Defense),

Callable

12/15/26

@

100.00 

.......

3.50

3/15/27

147

155

Comcast

Corp.

(Media),

Callable

5/1/49

@

100.00 

.......................

4.00

11/1/49

126

25

Comcast

Corp.

(Media)  

..........................................

4.65

7/15/42

23

40

Consolidated

Edison

Co.

of

New

York,

Inc.

(Electric

Utilities),

Callable

9/15/43

@

100.00 

..................................................

4.45

3/15/44

35

20

Consolidated

Edison

Co.

of

New

York,

Inc.,

Series

2008-B

(Electric

Utilities)  

...

6.75

4/1/38

22

110

Constellation

Brands,

Inc.

(Beverages),

Callable

2/1/33

@

100.00 

............

4.90

5/1/33

108

115

CSX

Corp.

(Ground

Transportation)  

.................................

6.22

4/30/40

125

120

CVS

Health

Corp.

(Health

Care

Providers

&

Services),

Callable

9/25/37

@

100.00 

4.78

3/25/38

111

60

CVS

Health

Corp.

(Health

Care

Providers

&

Services),

Callable

1/20/45

@

100.00 

5.13

7/20/45

55

185

Dell

International

LLC/EMC

Corp.

(Technology

Hardware,

Storage

&

Peripherals),

Callable

8/1/26

@

100.00 

....................................

4.90

10/1/26

184

25

Dell

International

LLC/EMC

Corp.

(Technology

Hardware,

Storage

&

Peripherals),

Callable

1/15/34

@

100.00 

....................................

5.40

4/15/34

25

73

Devon

Energy

Corp.

(Oil,

Gas

&

Consumable

Fuels),

Callable

1/15/41

@

100.00 

.

5.60

7/15/41

70

135

Digital

Realty

Trust

LP

(Specialized

REITs),

Callable

4/15/28

@

100.00 

.......

4.45

7/15/28

130

35

Duke

Energy

Carolinas

LLC

(Electric

Utilities),

Callable

6/15/41

@

100.00 

.....

4.25

12/15/41

30

50

Duke

Energy

Progress

LLC

(Electric

Utilities),

Callable

2/15/45

@

100.00 

.....

4.20

8/15/45

42

160

EIDP,

Inc.

(Chemicals),

Callable

6/15/25

@

100.00 

......................

1.70

7/15/25

153

15

Elevance

Health,

Inc.

(Health

Care

Providers

&

Services)  

.................

4.63

5/15/42

14

60

Elevance

Health,

Inc.

(Health

Care

Providers

&

Services)  

.................

4.65

1/15/43

54

95

Energy

Transfer

LP

(Oil,

Gas

&

Consumable

Fuels),

Callable

7/15/42

@

100.00 

.

4.95

1/15/43

83

110

Energy

Transfer

LP

(Oil,

Gas

&

Consumable

Fuels),

Callable

2/1/26

@

103.69 

..

7.38

2/1/31

115

99

Enterprise

Products

Operating

LLC

(Oil,

Gas

&

Consumable

Fuels),

Callable

9/15/43

@

100.00 

..........................................

4.85

3/15/44

92

159

FedEx

Corp.

Pass

Through

Trust,

Series

2020-1,

Class

-

AA

(Air

Freight

&

Logistics)  

...............................................

1.88

2/20/34

131

45

Fiserv,

Inc.

(Financial

Services),

Callable

12/2/32

@

100.00 

................

5.60

3/2/33

46

115

Ford

Motor

Co.

(Automobiles),

Callable

11/12/31

@

100.00 

................

3.25

2/12/32

96

200

Ford

Motor

Credit

Co.

LLC

(Financial

Services)  

........................

4.13

8/4/25

196

45

General

Motors

Co.

(Automobiles),

Callable

9/1/25

@

100.00 

..............

6.13

10/1/25

45

55

General

Motors

Financial

Co.,

Inc.

(Specialty

Retail),

Callable

1/26/25

@

100.00 

.

2.90

2/26/25

54

150

General

Motors

Financial

Co.,

Inc.

(Specialty

Retail),

Callable

2/6/30

@

100.00 

.

5.85

4/6/30

153

70

Georgia

Power

Co.

(Electric

Utilities)  

...............................

4.30

3/15/42

61

66

Gilead

Sciences,

Inc.

(Biotechnology),

Callable

8/1/44

@

100.00 

............

4.50

2/1/45

59

150

HCA,

Inc.

(Health

Care

Providers

&

Services)  

.........................

5.38

2/1/25

150

70

HCA,

Inc.

(Health

Care

Providers

&

Services),

Callable

3/1/33

@

100.00 

......

5.50

6/1/33

70

60

Howmet

Aerospace,

Inc.

(Aerospace

&

Defense),

Callable

4/1/25

@

100.00 

....

6.88

5/1/25

61

95

Intel

Corp.

(Semiconductors

&

Semiconductor

Equipment),

Callable

6/8/47

@

100.00 

..................................................

3.73

12/8/47

73

50

International

Business

Machines

Corp.

(IT

Services)  

.....................

4.00

6/20/42

42

40

International

Paper

Co.

(Containers

&

Packaging),

Callable

5/15/41

@

100.00 

...

6.00

11/15/41

41

420

JPMorgan

Chase

&

Co.

(Banks),

Callable

4/22/31

@

100.00 

................

2.58

(TSFR3M

+

125

bps)(c)

4/22/32

353

139

HC

CAPITAL

TRUST

The

Core

Fixed

Income

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Principal

Amount  

(000)

Security

Description

Rate

%

Maturity  

Date

Value

(000)

Corporate

Bonds

(continued)

$

140

JPMorgan

Chase

&

Co.

(Banks),

Callable

1/29/26

@

100.00 

................

3.96

(TSFR3M

+

151

bps)(c)

1/29/27

$

137

100

Kinder

Morgan,

Inc.

(Oil,

Gas

&

Consumable

Fuels),

Callable

12/1/44

@

100.00 

.

5.55

6/1/45

95

60

Lincoln

National

Corp.

(Insurance),

Callable

10/15/29

@

100.00 

............

3.05

1/15/30

53

80

Lincoln

National

Corp.

(Insurance),

Callable

10/15/30

@

100.00 

............

3.40

1/15/31

70

105

Lowe's

Cos.,

Inc.

(Specialty

Retail),

Callable

1/15/33

@

100.00 

.............

5.00

4/15/33

104

55

Martin

Marietta

Materials,

Inc.

(Construction

Materials),

Callable

4/15/31

@

100.00 

2.40

7/15/31

46

80

Marvell

Technology,

Inc.

(Semiconductors

&

Semiconductor

Equipment),

Callable

1/15/31

@

100.00 

..........................................

2.95

4/15/31

69

25

Marvell

Technology,

Inc.

(Semiconductors

&

Semiconductor

Equipment),

Callable

6/15/33

@

100.00 

..........................................

5.95

9/15/33

26

215

Microchip

Technology,

Inc.

(Semiconductors

&

Semiconductor

Equipment),

Callable

5/6/24

@

101.06 

...........................................

4.25

9/1/25

211

120

Microsoft

Corp.

(Software),

Callable

2/8/46

@

100.00 

....................

3.70

8/8/46

102

55

Mohawk

Industries,

Inc.

(Household

Durables),

Callable

2/15/30

@

100.00 

.....

3.63

5/15/30

51

300

Morgan

Stanley,

MTN

(Capital

Markets),

Callable

7/20/26

@

100.00 

.........

1.51

(SOFR

+

86

bps)(c)

7/20/27

275

285

Morgan

Stanley

(Capital

Markets),

Callable

1/21/32

@

100.00 

..............

2.94

(SOFR

+

129

bps)(c)

1/21/33

241

95

National

Rural

Utilities

Cooperative

Finance

Corp.

(Financial

Services),

Callable

7/15/32

@

100.00 

..........................................

5.80

1/15/33

99

80

NextEra

Energy

Capital

Holdings,

Inc.

(Electric

Utilities),

Callable

11/28/32

@

100.00 

..................................................

5.05

2/28/33

79

75

NextEra

Energy

Capital

Holdings,

Inc.

(Electric

Utilities),

Callable

8/28/52

@

100.00 

..................................................

5.25

2/28/53

71

85

NNN

REIT,

Inc.

(Retail

REITs),

Callable

1/15/30

@

100.00 

................

2.50

4/15/30

73

40

NNN

REIT,

Inc.

(Retail

REITs),

Callable

7/15/33

@

100.00 

................

5.60

10/15/33

40

75

Northrop

Grumman

Corp.

(Aerospace

&

Defense),

Callable

4/15/47

@

100.00 

..

4.03

10/15/47

61

35

Nucor

Corp.

(Metals

&

Mining),

Callable

2/1/43

@

100.00 

.................

5.20

8/1/43

35

45

Oklahoma

Gas

and

Electric

Co.

(Electric

Utilities),

Callable

10/1/52

@

100.00 

..

5.60

4/1/53

45

70

Oracle

Corp.

(Software),

Callable

11/15/44

@

100.00 

....................

4.13

5/15/45

56

165

Ovintiv,

Inc.

(Oil,

Gas

&

Consumable

Fuels),

Callable

10/1/25

@

100.00 

......

5.38

1/1/26

164

80

Philip

Morris

International,

Inc.

(Tobacco)  

............................

4.50

3/20/42

70

70

Principal

Financial

Group,

Inc.

(Insurance),

Callable

3/15/30

@

100.00 

........

2.13

6/15/30

59

85

Progress

Energy,

Inc.

(Multi-Utilities)  

...............................

6.00

12/1/39

86

55

Prudential

Financial,

Inc.

(Insurance)  

................................

4.60

5/15/44

49

15

Prudential

Financial,

Inc.

(Insurance)  

................................

6.63

6/21/40

17

30

Public

Service

Electric

and

Gas

Co.

(Electric

Utilities),

Callable

3/1/42

@

100.00 

3.65

9/1/42

24

95

Reliance,

Inc.

(Metals

&

Mining),

Callable

7/15/25

@

100.00 

...............

1.30

8/15/25

90

40

Reliance,

Inc.

(Metals

&

Mining),

Callable

5/15/30

@

100.00 

...............

2.15

8/15/30

34

50

Roper

Technologies,

Inc.

(Software),

Callable

3/30/30

@

100.00 

.............

2.00

6/30/30

42

115

RTX

Corp.

(Aerospace

&

Defense)  

.................................

4.50

6/1/42

102

80

Sabra

Health

Care

LP

(Health

Care

REITs),

Callable

9/1/31

@

100.00 

.........

3.20

12/1/31

66

80

Southern

Co.

Gas

Capital

Corp.

(Gas

Utilities),

Callable

11/30/46

@

100.00 

....

4.40

5/30/47

66

45

Sysco

Corp.

(Consumer

Staples

Distribution

&

Retail),

Callable

10/17/33

@

100.00 

6.00

1/17/34

48

205

The

Goldman

Sachs

Group,

Inc.

(Capital

Markets),

Callable

7/21/31

@

100.00 

..

2.38

(SOFR

+

125

bps)(c)

7/21/32

168

155

The

Goldman

Sachs

Group,

Inc.

(Capital

Markets),

Callable

6/5/27

@

100.00 

...

3.69

(TSFR3M

+

177

bps)(c)

6/5/28

148

55

The

Home

Depot,

Inc.

(Specialty

Retail),

Callable

6/6/48

@

100.00 

..........

4.50

12/6/48

49

40

The

Home

Depot,

Inc.

(Specialty

Retail),

Callable

3/15/40

@

100.00 

..........

5.40

9/15/40

41

125

The

Interpublic

Group

of

Cos.,

Inc.

(Media)  

...........................

4.20

4/15/24

125

25

The

Interpublic

Group

of

Cos.,

Inc.

(Media),

Callable

4/1/48

@

100.00 

........

5.40

10/1/48

23

100

The

PNC

Financial

Services

Group,

Inc.

(Banks),

Callable

1/22/34

@

100.00 

...

5.68

(SOFR

+

190

bps)(c)

1/22/35

100

60

The

Travelers

Cos.,

Inc.

(Insurance)  

.................................

5.35

11/1/40

61

40

The

Walt

Disney

Co.

(Entertainment),

Callable

3/15/44

@

100.00 

............

4.75

9/15/44

38

40

T-Mobile

USA,

Inc.

(Wireless

Telecommunication

Services),

Callable

4/15/33

@

100.00 

..................................................

5.05

7/15/33

40

140

HC

CAPITAL

TRUST

The

Core

Fixed

Income

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Principal

Amount  

(000)

Security

Description

Rate

%

Maturity  

Date

Value

(000)

Corporate

Bonds

(continued)

$

70

T-Mobile

USA,

Inc.

(Wireless

Telecommunication

Services),

Callable

7/15/52

@

100.00 

..................................................

5.65

1/15/53

$

71

85

Truist

Financial

Corp.,

MTN

(Banks),

Callable

1/24/34

@

100.00 

...........

5.71

(SOFR

+

192

bps)(c)

1/24/35

85

30

UDR,

Inc.,

MTN

(Residential

REITs),

Callable

5/1/32

@

100.00 

............

2.10

8/1/32

23

55

UDR,

Inc.

(Residential

REITs),

Callable

5/15/31

@

100.00 

.................

3.00

8/15/31

48

45

UnitedHealth

Group,

Inc.

(Health

Care

Providers

&

Services),

Callable

5/15/41

@

100.00 

..................................................

4.63

11/15/41

42

35

UnitedHealth

Group,

Inc.

(Health

Care

Providers

&

Services)  

..............

4.75

7/15/45

33

70

Valero

Energy

Corp.

(Oil,

Gas

&

Consumable

Fuels)  

.....................

6.63

6/15/37

76

70

Ventas

Realty

LP

(Diversified

REITs),

Callable

6/1/31

@

100.00 

.............

2.50

9/1/31

58

25

Ventas

Realty

LP

(Diversified

REITs),

Callable

11/1/24

@

100.00 

............

3.50

2/1/25

24

120

Ventas

Realty

LP

(Diversified

REITs)  

................................

3.75

5/1/24

120

40

Ventas

Realty

LP

(Diversified

REITs),

Callable

10/15/28

@

100.00 

...........

4.40

1/15/29

38

40

Verizon

Communications,

Inc.

(Diversified

Telecommunication

Services),

Callable

12/15/31

@

100.00 

.........................................

2.36

3/15/32

33

207

Verizon

Communications,

Inc.

(Diversified

Telecommunication

Services),

Callable

9/22/40

@

100.00 

..........................................

3.40

3/22/41

162

85

Virginia

Electric

and

Power

Co.,

Series

B

(Electric

Utilities),

Callable

3/15/47

@

100.00 

..................................................

3.80

9/15/47

66

80

Warnermedia

Holdings,

Inc.

(Diversified

Telecommunication

Services),

Callable

12/15/31

@

100.00 

.........................................

4.28

3/15/32

71

135

Wells

Fargo

&

Co.,

MTN

(Banks),

Callable

10/30/29

@

100.00 

.............

2.88

(TSFR3M

+

143

bps)(c)

10/30/30

119

210

Wells

Fargo

&

Co.,

MTN

(Banks),

Callable

5/22/27

@

100.00 

..............

3.58

(TSFR3M

+

157

bps)(c)

5/22/28

200

145

Wells

Fargo

&

Co.

(Banks),

Callable

7/25/32

@

100.00 

...................

4.90

(SOFR

+

210

bps)(c)

7/25/33

139

55

WestRock

MWV

LLC

(Containers

&

Packaging)  

.......................

8.20

1/15/30

63

Total

Corporate

Bonds

..........................................

11,184

U.S.

Treasury

Obligations

—

27.14%

120

U.S.

Treasury

Bond

.............................................

1.13

5/15/40

75

68

U.S.

Treasury

Bond

.............................................

1.13

8/15/40

42

125

U.S.

Treasury

Bond

.............................................

1.25

5/15/50

64

133

U.S.

Treasury

Bond

.............................................

1.38

11/15/40

85

170

U.S.

Treasury

Bond

.............................................

1.38

8/15/50

90

140

U.S.

Treasury

Bond

.............................................

1.63

11/15/50

79

100

U.S.

Treasury

Bond

.............................................

1.75

8/15/41

67

96

U.S.

Treasury

Bond

.............................................

1.88

2/15/51

58

140

U.S.

Treasury

Bond

.............................................

1.88

2/15/41

98

148

U.S.

Treasury

Bond

.............................................

1.88

11/15/51

89

106

U.S.

Treasury

Bond

.............................................

2.00

2/15/50

66

145

U.S.

Treasury

Bond

.............................................

2.00

11/15/41

102

159

U.S.

Treasury

Bond

.............................................

2.00

8/15/51

98

117

U.S.

Treasury

Bond

.............................................

2.25

8/15/46

80

173

U.S.

Treasury

Bond

.............................................

2.25

2/15/52

114

31

U.S.

Treasury

Bond

.............................................

2.25

8/15/49

21

100

U.S.

Treasury

Bond

.............................................

2.25

5/15/41

74

110

U.S.

Treasury

Bond

.............................................

2.38

5/15/51

75

110

U.S.

Treasury

Bond

.............................................

2.38

2/15/42

82

96

U.S.

Treasury

Bond

.............................................

2.38

11/15/49

66

75

U.S.

Treasury

Bond

.............................................

2.50

5/15/46

54

80

U.S.

Treasury

Bond

.............................................

2.50

2/15/46

58

50

U.S.

Treasury

Bond

.............................................

2.50

2/15/45

37

80

U.S.

Treasury

Bond

.............................................

2.75

11/15/47

60

55

U.S.

Treasury

Bond

.............................................

2.75

8/15/47

41

10

U.S.

Treasury

Bond

.............................................

2.75

11/15/42

8

141

HC

CAPITAL

TRUST

The

Core

Fixed

Income

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Principal

Amount  

(000)

Security

Description

Rate

%

Maturity  

Date

Value

(000)

U.S.

Treasury

Obligations

(continued)

$

50

U.S.

Treasury

Bond

.............................................

2.88

8/15/45

$

39

65

U.S.

Treasury

Bond

.............................................

2.88

11/15/46

50

147

U.S.

Treasury

Bond

.............................................

2.88

5/15/52

111

75

U.S.

Treasury

Bond

.............................................

2.88

5/15/43

60

94

U.S.

Treasury

Bond

.............................................

2.88

5/15/49

71

50

U.S.

Treasury

Bond

.............................................

3.00

11/15/45

40

75

U.S.

Treasury

Bond

.............................................

3.00

2/15/47

59

20

U.S.

Treasury

Bond

.............................................

3.00

2/15/49

16

55

U.S.

Treasury

Bond

.............................................

3.00

5/15/47

43

50

U.S.

Treasury

Bond

.............................................

3.00

2/15/48

39

95

U.S.

Treasury

Bond

.............................................

3.00

8/15/48

74

115

U.S.

Treasury

Bond

.............................................

3.00

8/15/52

89

100

U.S.

Treasury

Bond

.............................................

3.00

11/15/44

80

45

U.S.

Treasury

Bond

.............................................

3.00

5/15/45

36

25

U.S.

Treasury

Bond

.............................................

3.13

11/15/41

21

22

U.S.

Treasury

Bond

.............................................

3.13

8/15/44

18

80

U.S.

Treasury

Bond

.............................................

3.13

5/15/48

64

90

U.S.

Treasury

Bond

.............................................

3.13

2/15/43

75

125

U.S.

Treasury

Bond

.............................................

3.25

5/15/42

106

30

U.S.

Treasury

Bond

.............................................

3.38

11/15/48

25

10

U.S.

Treasury

Bond

.............................................

3.38

8/15/42

9

35

U.S.

Treasury

Bond

.............................................

3.38

5/15/44

30

8

U.S.

Treasury

Bond

.............................................

3.50

2/15/39

7

135

U.S.

Treasury

Bond

.............................................

3.63

5/15/53

119

75

U.S.

Treasury

Bond

.............................................

3.63

8/15/43

67

98

U.S.

Treasury

Bond

.............................................

3.63

2/15/53

86

90

U.S.

Treasury

Bond

.............................................

3.63

2/15/44

80

75

U.S.

Treasury

Bond

.............................................

3.75

11/15/43

68

33

U.S.

Treasury

Bond

.............................................

3.75

8/15/41

30

30

U.S.

Treasury

Bond

.............................................

3.88

2/15/43

28

10

U.S.

Treasury

Bond

.............................................

3.88

8/15/40

9

35

U.S.

Treasury

Bond

.............................................

3.88

5/15/43

32

73

U.S.

Treasury

Bond

.............................................

4.00

11/15/52

69

25

U.S.

Treasury

Bond

.............................................

4.00

11/15/42

24

135

U.S.

Treasury

Bond

.............................................

4.13

8/15/53

130

70

U.S.

Treasury

Bond

.............................................

4.25

2/15/54

69

75

U.S.

Treasury

Bond

.............................................

4.25

11/15/40

74

15

U.S.

Treasury

Bond

.............................................

4.38

5/15/40

15

30

U.S.

Treasury

Bond

.............................................

4.38

8/15/43

30

35

U.S.

Treasury

Bond

.............................................

4.38

5/15/41

35

25

U.S.

Treasury

Bond

.............................................

4.38

11/15/39

25

25

U.S.

Treasury

Bond

.............................................

4.38

2/15/38

25

65

U.S.

Treasury

Bond

.............................................

4.50

2/15/36

68

30

U.S.

Treasury

Bond

.............................................

4.50

2/15/44

30

35

U.S.

Treasury

Bond

.............................................

4.63

2/15/40

36

25

U.S.

Treasury

Bond

.............................................

4.75

2/15/37

27

25

U.S.

Treasury

Bond

.............................................

4.75

11/15/43

26

70

U.S.

Treasury

Bond

.............................................

4.75

2/15/41

73

80

U.S.

Treasury

Bond

.............................................

4.75

11/15/53

85

40

U.S.

Treasury

Bond

.............................................

5.00

5/15/37

43

20

U.S.

Treasury

Bond

.............................................

5.25

2/15/29

21

40

U.S.

Treasury

Bond

.............................................

5.38

2/15/31

43

60

U.S.

Treasury

Bond

.............................................

6.13

11/15/27

63

25

U.S.

Treasury

Bond

.............................................

6.13

8/15/29

27

35

U.S.

Treasury

Bond

.............................................

6.25

5/15/30

39

50

U.S.

Treasury

Bond

.............................................

6.88

8/15/25

51

50

U.S.

Treasury

Note

..............................................

0.25

5/31/25

47

75

U.S.

Treasury

Note

..............................................

0.25

10/31/25

70

60

U.S.

Treasury

Note

..............................................

0.25

8/31/25

56

142

HC

CAPITAL

TRUST

The

Core

Fixed

Income

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Principal

Amount  

(000)

Security

Description

Rate

%

Maturity  

Date

Value

(000)

U.S.

Treasury

Obligations

(continued)

$

55

U.S.

Treasury

Note

..............................................

0.25

9/30/25

$

51

30

U.S.

Treasury

Note

..............................................

0.25

7/31/25

28

25

U.S.

Treasury

Note

..............................................

0.38

12/31/25

23

30

U.S.

Treasury

Note

..............................................

0.38

11/30/25

28

35

U.S.

Treasury

Note

..............................................

0.38

9/30/27

31

115

U.S.

Treasury

Note

..............................................

0.38

7/31/27

101

80

U.S.

Treasury

Note

..............................................

0.38

4/30/25

76

82

U.S.

Treasury

Note

..............................................

0.38

1/31/26

76

5

U.S.

Treasury

Note

..............................................

0.50

4/30/27

4

45

U.S.

Treasury

Note

..............................................

0.50

2/28/26

42

100

U.S.

Treasury

Note

..............................................

0.50

10/31/27

87

105

U.S.

Treasury

Note

..............................................

0.50

6/30/27

93

100

U.S.

Treasury

Note

..............................................

0.50

8/31/27

88

85

U.S.

Treasury

Note

..............................................

0.63

11/30/27

74

250

U.S.

Treasury

Note

..............................................

0.63

8/15/30

200

80

U.S.

Treasury

Note

..............................................

0.63

12/31/27

70

140

U.S.

Treasury

Note

..............................................

0.63

7/31/26

128

5

U.S.

Treasury

Note

..............................................

0.63

3/31/27

4

195

U.S.

Treasury

Note

..............................................

0.63

5/15/30

157

105

U.S.

Treasury

Note

..............................................

0.75

3/31/26

97

150

U.S.

Treasury

Note

..............................................

0.75

5/31/26

138

120

U.S.

Treasury

Note

..............................................

0.75

1/31/28

105

25

U.S.

Treasury

Note

..............................................

0.75

4/30/26

23

42

U.S.

Treasury

Note

..............................................

0.75

8/31/26

38

60

U.S.

Treasury

Note

..............................................

0.88

6/30/26

55

145

U.S.

Treasury

Note

..............................................

0.88

9/30/26

133

185

U.S.

Treasury

Note

..............................................

0.88

11/15/30

150

85

U.S.

Treasury

Note

..............................................

1.00

7/31/28

74

155

U.S.

Treasury

Note

..............................................

1.13

2/29/28

137

145

U.S.

Treasury

Note

..............................................

1.13

10/31/26

133

10

U.S.

Treasury

Note

..............................................

1.13

2/28/27

9

176

U.S.

Treasury

Note

..............................................

1.13

2/15/31

144

125

U.S.

Treasury

Note

..............................................

1.13

8/31/28

109

235

U.S.

Treasury

Note

..............................................

1.25

8/15/31

191

100

U.S.

Treasury

Note

..............................................

1.25

5/31/28

88

90

U.S.

Treasury

Note

..............................................

1.25

4/30/28

80

150

U.S.

Treasury

Note

..............................................

1.25

11/30/26

138

65

U.S.

Treasury

Note

..............................................

1.25

6/30/28

57

145

U.S.

Treasury

Note

..............................................

1.25

12/31/26

133

120

U.S.

Treasury

Note

..............................................

1.25

9/30/28

105

130

U.S.

Treasury

Note

..............................................

1.25

3/31/28

115

197

U.S.

Treasury

Note

..............................................

1.38

11/15/31

161

120

U.S.

Treasury

Note

..............................................

1.38

10/31/28

106

105

U.S.

Treasury

Note

..............................................

1.38

12/31/28

92

63

U.S.

Treasury

Note

..............................................

1.50

2/15/30

54

85

U.S.

Treasury

Note

..............................................

1.50

11/30/28

75

150

U.S.

Treasury

Note

..............................................

1.50

1/31/27

138

140

U.S.

Treasury

Note

..............................................

1.50

8/15/26

130

130

U.S.

Treasury

Note

..............................................

1.63

5/15/26

122

70

U.S.

Treasury

Note

..............................................

1.63

9/30/26

65

120

U.S.

Treasury

Note

..............................................

1.63

5/15/31

101

60

U.S.

Treasury

Note

..............................................

1.63

2/15/26

57

20

U.S.

Treasury

Note

..............................................

1.75

12/31/26

19

120

U.S.

Treasury

Note

..............................................

1.75

11/15/29

106

140

U.S.

Treasury

Note

..............................................

1.75

1/31/29

125

105

U.S.

Treasury

Note

..............................................

1.88

2/28/27

98

25

U.S.

Treasury

Note

..............................................

1.88

6/30/26

24

75

U.S.

Treasury

Note

..............................................

1.88

7/31/26

71

247

U.S.

Treasury

Note

..............................................

1.88

2/15/32

209

143

HC

CAPITAL

TRUST

The

Core

Fixed

Income

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Principal

Amount  

(000)

Security

Description

Rate

%

Maturity  

Date

Value

(000)

U.S.

Treasury

Obligations

(continued)

$

65

U.S.

Treasury

Note

..............................................

1.88

2/28/29

$

58

140

U.S.

Treasury

Note

..............................................

2.00

8/15/25

135

160

U.S.

Treasury

Note

..............................................

2.00

11/15/26

150

85

U.S.

Treasury

Note

..............................................

2.13

5/15/25

82

85

U.S.

Treasury

Note

..............................................

2.13

5/31/26

81

150

U.S.

Treasury

Note

..............................................

2.25

2/15/27

141

150

U.S.

Treasury

Note

..............................................

2.25

11/15/27

140

145

U.S.

Treasury

Note

..............................................

2.25

8/15/27

135

95

U.S.

Treasury

Note

..............................................

2.25

11/15/25

91

80

U.S.

Treasury

Note

..............................................

2.25

3/31/26

76

140

U.S.

Treasury

Note

..............................................

2.38

5/15/27

132

35

U.S.

Treasury

Note

..............................................

2.38

3/31/29

32

80

U.S.

Treasury

Note

..............................................

2.38

4/30/26

76

95

U.S.

Treasury

Note

..............................................

2.38

5/15/29

87

40

U.S.

Treasury

Note

..............................................

2.50

3/31/27

38

60

U.S.

Treasury

Note

..............................................

2.50

2/28/26

58

90

U.S.

Treasury

Note

..............................................

2.63

12/31/25

87

55

U.S.

Treasury

Note

..............................................

2.63

7/31/29

51

85

U.S.

Treasury

Note

..............................................

2.63

1/31/26

82

165

U.S.

Treasury

Note

..............................................

2.63

2/15/29

153

75

U.S.

Treasury

Note

..............................................

2.63

3/31/25

73

45

U.S.

Treasury

Note

..............................................

2.63

5/31/27

43

70

U.S.

Treasury

Note

..............................................

2.63

4/15/25

68

90

U.S.

Treasury

Note

..............................................

2.75

6/30/25

88

85

U.S.

Treasury

Note

..............................................

2.75

8/31/25

83

66

U.S.

Treasury

Note

..............................................

2.75

7/31/27

63

105

U.S.

Treasury

Note

..............................................

2.75

2/15/28

99

60

U.S.

Treasury

Note

..............................................

2.75

5/31/29

56

218

U.S.

Treasury

Note

..............................................

2.75

8/15/32

196

65

U.S.

Treasury

Note

..............................................

2.75

5/15/25

63

75

U.S.

Treasury

Note

..............................................

2.75

4/30/27

71

160

U.S.

Treasury

Note

..............................................

2.88

5/15/28

151

65

U.S.

Treasury

Note

..............................................

2.88

6/15/25

63

238

U.S.

Treasury

Note

..............................................

2.88

5/15/32

216

90

U.S.

Treasury

Note

..............................................

2.88

4/30/25

88

75

U.S.

Treasury

Note

..............................................

2.88

7/31/25

73

125

U.S.

Treasury

Note

..............................................

2.88

8/15/28

118

90

U.S.

Treasury

Note

..............................................

2.88

11/30/25

87

65

U.S.

Treasury

Note

..............................................

2.88

4/30/29

61

60

U.S.

Treasury

Note

..............................................

3.00

7/15/25

59

85

U.S.

Treasury

Note

..............................................

3.00

10/31/25

83

85

U.S.

Treasury

Note

..............................................

3.00

9/30/25

83

140

U.S.

Treasury

Note

..............................................

3.13

11/15/28

133

55

U.S.

Treasury

Note

..............................................

3.13

8/31/29

52

60

U.S.

Treasury

Note

..............................................

3.13

8/15/25

59

65

U.S.

Treasury

Note

..............................................

3.13

8/31/27

62

70

U.S.

Treasury

Note

..............................................

3.25

6/30/27

68

60

U.S.

Treasury

Note

..............................................

3.25

6/30/29

57

195

U.S.

Treasury

Note

..............................................

3.38

5/15/33

183

70

U.S.

Treasury

Note

..............................................

3.50

4/30/30

67

170

U.S.

Treasury

Note

..............................................

3.50

2/15/33

161

90

U.S.

Treasury

Note

..............................................

3.50

1/31/28

87

85

U.S.

Treasury

Note

..............................................

3.50

9/15/25

83

85

U.S.

Treasury

Note

..............................................

3.50

4/30/28

82

70

U.S.

Treasury

Note

..............................................

3.50

1/31/30

67

90

U.S.

Treasury

Note

..............................................

3.63

3/31/28

88

70

U.S.

Treasury

Note

..............................................

3.63

3/31/30

68

90

U.S.

Treasury

Note

..............................................

3.63

5/31/28

88

80

U.S.

Treasury

Note

..............................................

3.63

5/15/26

78

144

HC

CAPITAL

TRUST

The

Core

Fixed

Income

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Principal

Amount  

(000)

Security

Description

Rate

%

Maturity  

Date

Value

(000)

U.S.

Treasury

Obligations

(continued)

$

70

U.S.

Treasury

Note

..............................................

3.75

5/31/30

$

68

80

U.S.

Treasury

Note

..............................................

3.75

4/15/26

79

80

U.S.

Treasury

Note

..............................................

3.75

12/31/30

78

115

U.S.

Treasury

Note

..............................................

3.75

12/31/28

113

70

U.S.

Treasury

Note

..............................................

3.75

6/30/30

68

220

U.S.

Treasury

Note

..............................................

3.88

8/15/33

214

75

U.S.

Treasury

Note

..............................................

3.88

9/30/29

74

80

U.S.

Treasury

Note

..............................................

3.88

1/15/26

79

75

U.S.

Treasury

Note

..............................................

3.88

11/30/29

74

90

U.S.

Treasury

Note

..............................................

3.88

12/31/27

89

85

U.S.

Treasury

Note

..............................................

3.88

4/30/25

84

75

U.S.

Treasury

Note

..............................................

3.88

12/31/29

74

90

U.S.

Treasury

Note

..............................................

3.88

11/30/27

89

70

U.S.

Treasury

Note

..............................................

4.00

2/28/30

69

80

U.S.

Treasury

Note

..............................................

4.00

1/31/31

79

140

U.S.

Treasury

Note

..............................................

4.00

2/15/34

138

45

U.S.

Treasury

Note

..............................................

4.00

1/15/27

44

85

U.S.

Treasury

Note

..............................................

4.00

6/30/28

84

40

U.S.

Treasury

Note

..............................................

4.00

2/29/28

40

80

U.S.

Treasury

Note

..............................................

4.00

2/15/26

79

45

U.S.

Treasury

Note

..............................................

4.00

7/31/30

44

105

U.S.

Treasury

Note

..............................................

4.00

10/31/29

104

85

U.S.

Treasury

Note

..............................................

4.00

12/15/25

84

120

U.S.

Treasury

Note

..............................................

4.00

1/31/29

119

80

U.S.

Treasury

Note

..............................................

4.13

3/31/31

80

130

U.S.

Treasury

Note

..............................................

4.13

3/31/29

129

85

U.S.

Treasury

Note

..............................................

4.13

7/31/28

84

142

U.S.

Treasury

Note

..............................................

4.13

11/15/32

141

90

U.S.

Treasury

Note

..............................................

4.13

9/30/27

89

80

U.S.

Treasury

Note

..............................................

4.13

6/15/26

79

90

U.S.

Treasury

Note

..............................................

4.13

10/31/27

89

70

U.S.

Treasury

Note

..............................................

4.13

8/31/30

70

105

U.S.

Treasury

Note

..............................................

4.13

2/15/27

104

125

U.S.

Treasury

Note

..............................................

4.25

2/28/29

125

85

U.S.

Treasury

Note

..............................................

4.25

5/31/25

84

110

U.S.

Treasury

Note

..............................................

4.25

12/31/25

109

105

U.S.

Treasury

Note

..............................................

4.25

3/15/27

105

115

U.S.

Treasury

Note

..............................................

4.25

1/31/26

114

85

U.S.

Treasury

Note

..............................................

4.25

10/15/25

84

50

U.S.

Treasury

Note

..............................................

4.25

2/28/31

50

85

U.S.

Treasury

Note

..............................................

4.38

8/15/26

85

90

U.S.

Treasury

Note

..............................................

4.38

12/15/26

90

110

U.S.

Treasury

Note

..............................................

4.38

11/30/28

111

75

U.S.

Treasury

Note

..............................................

4.38

11/30/30

76

95

U.S.

Treasury

Note

..............................................

4.38

8/31/28

95

80

U.S.

Treasury

Note

..............................................

4.50

7/15/26

80

85

U.S.

Treasury

Note

..............................................

4.50

11/15/25

85

170

U.S.

Treasury

Note

..............................................

4.50

11/15/33

174

125

U.S.

Treasury

Note

..............................................

4.50

3/31/26

125

90

U.S.

Treasury

Note

..............................................

4.63

9/15/26

90

75

U.S.

Treasury

Note

..............................................

4.63

9/30/30

77

100

U.S.

Treasury

Note

..............................................

4.63

9/30/28

101

90

U.S.

Treasury

Note

..............................................

4.63

10/15/26

90

95

U.S.

Treasury

Note

..............................................

4.63

11/15/26

95

85

U.S.

Treasury

Note

..............................................

4.63

6/30/25

85

120

U.S.

Treasury

Note

..............................................

4.63

2/28/26

120

80

U.S.

Treasury

Note

..............................................

4.63

3/15/26

80

85

U.S.

Treasury

Note

..............................................

4.75

7/31/25

85

105

U.S.

Treasury

Note

..............................................

4.88

10/31/28

108

145

HC

CAPITAL

TRUST

The

Core

Fixed

Income

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Principal

Amount  

(000)

Security

Description

Rate

%

Maturity  

Date

Value

(000)

U.S.

Treasury

Obligations

(continued)

$

75

U.S.

Treasury

Note

..............................................

4.88

10/31/30

$

78

105

U.S.

Treasury

Note

..............................................

4.88

11/30/25

105

90

U.S.

Treasury

Note

..............................................

5.00

8/31/25

90

95

U.S.

Treasury

Note

..............................................

5.00

9/30/25

95

100

U.S.

Treasury

Note

..............................................

5.00

10/31/25

100

Total

U.S.

Treasury

Obligations

...................................

21,407

Yankee

Dollars

—

1.70%

45

America

Movil

SAB

de

CV

(Wireless

Telecommunication

Services)  

.........

6.13

11/15/37

47

185

Aptiv

PLC/Aptiv

Corp.

(Specialty

Retail),

Callable

4/15/24

@

100.00 

.........

2.40

2/18/25

179

30

BHP

Billiton

Finance

USA

Ltd.

(Metals

&

Mining),

Callable

6/8/33

@

100.00 

...

5.25

9/8/33

30

64

British

Telecommunications

PLC

(Diversified

Telecommunication

Services)  

....

9.63

12/15/30

78

170

Canadian

Natural

Resources

Ltd.

(Oil,

Gas

&

Consumable

Fuels),

Callable

6/15/25

@

100.00 

................................................

2.05

7/15/25

163

20

Canadian

Pacific

Railway

Co.

(Ground

Transportation),

Callable

6/2/51

@

100.00 

3.10

12/2/51

14

45

Canadian

Pacific

Railway

Co.

(Ground

Transportation)  

...................

7.13

10/15/31

50

40

Deutsche

Telekom

International

Finance

BV

(Diversified

Telecommunication

Services)  

................................................

8.75

6/15/30

47

80

Enbridge,

Inc.

(Oil,

Gas

&

Consumable

Fuels),

Callable

2/1/51

@

100.00 

......

3.40

8/1/51

56

50

Equinor

ASA

(Oil,

Gas

&

Consumable

Fuels)  

..........................

5.10

8/17/40

50

75

Iberdrola

International

BV

(Electric

Utilities)  

..........................

5.81

3/15/25

75

80

Iberdrola

International

BV

(Electric

Utilities)  

..........................

6.75

7/15/36

91

45

Nutrien

Ltd.

(Chemicals),

Callable

9/27/52

@

100.00 

.....................

5.80

3/27/53

46

60

Orange

SA

(Diversified

Telecommunication

Services)  

....................

9.00

3/1/31

73

125

Pfizer

Investment

Enterprises

Pte

Ltd.

(Capital

Markets),

Callable

11/19/42

@

100.00 

..................................................

5.11

5/19/43

122

70

Shell

International

Finance

BV

(Oil,

Gas

&

Consumable

Fuels)  

.............

4.55

8/12/43

65

35

Telefonica

Emisiones

SA

(Diversified

Telecommunication

Services)  

..........

7.05

6/20/36

39

70

The

Toronto-Dominion

Bank

(Banks)  

...............................

3.20

3/10/32

61

25

Vodafone

Group

PLC

(Wireless

Telecommunication

Services)  

..............

4.13

5/30/25

25

25

Vodafone

Group

PLC

(Wireless

Telecommunication

Services)  

..............

6.15

2/27/37

27

Total

Yankee

Dollars

............................................

1,338

Shares

Investment

Companies

—

44.21%

Domestic

Fixed

Income

—

38.97%

524,964

Vanguard

Intermediate-Term

Treasury

ETF

............................

30,737

Money

Market

Funds

—

5.24%

75,412

State

Street

Institutional

Treasury

Money

Market

Fund,

Premier

Class

.........

5.24(d)

75

4,055,113

State

Street

Institutional

Treasury

Plus

Money

Market

Fund,

Trust

Class

........

5.20(d)

4,055

4,130

Total

Investment

Companies

......................................

34,867

Total

Investments

(cost

$82,663)

—

100.56%

.........................

79,310

Liabilities

in

excess

of

other

assets

—

(0.56)%

.........................

(443)

Net

Assets

—

100.00%

..........................................

$

78,867

Amounts

designated

as

"—"

are

$0

or

have

been

rounded

to

$0.

(a)

The

rate

for

certain

asset-backed

and

mortgage-backed

securities

may

vary

based

on

factors

relating

to

the

pool

of

assets

underlying

the

security.  The

rate

disclosed

is

the

rate

in

effect

on

March

31,

2024.

(b)

Zero

Coupon

Security.

Effective

rate

shown

is

as

of

March

31,

2024.

(c)

Variable

Rate

Security.

The

rate

disclosed

is

the

rate

in

effect

on

March

31,

2024.

146

HC

CAPITAL

TRUST

The

Core

Fixed

Income

Portfolio

Portfolio

of

Investments

(concluded)

—

March

31,

2024

(Unaudited)

The

following

table

reflects

the

percentage

of

total

net

assets

of

the

Portfolio

attributable

to

each

Specialist

Manager

as

of

March

31,

2024.

Amounts

designated

as

"—"

indicate

the

Specialist

Manager

did

not

manage

any

holdings

in

that

category. 

(d)

Annualized

7-day

yield

as

of

period-end.

bps—Basis

Points

ETF—Exchange-Traded

Fund

MTN—Medium

Term

Note

REIT—Real

Estate

Investment

Trust

SOFR—Secured

Overnight

Financing

Rate

TBA

—

To

Be

Announced

purchase

or

sale

commitment.

Security

is

subject

to

delayed

delivery

TSFR3M

—

3

Month

SOFR

The

Core

Fixed

Income

Portfolio

Agincourt

Capital

Management,

LLC

Mellon

Investments

Corporation

Parametric

Portfolio

Associates,

LLC

HC

Capital

Solutions

Total

Asset

Backed

Securities

..........................................................................................

—

0.22

%

—

—

0.22

%

Collateralized

Mortgage

Obligations

......................................................................

—

0.72

%

—

—

0.72

%

U.S.

Government

Agency

Mortgages

.....................................................................

—

11.85

%

—

—

11.85

%

U.S.

Government

Agency

Securities

......................................................................

—

0.54

%

—

—

0.54

%

Corporate

Bonds

.....................................................................................................

14.18

%

—

—

—

14.18

%

U.S.

Treasury

Obligations

.......................................................................................

—

27.14

%

—

—

27.14

%

Yankee

Dollars

........................................................................................................

1.70

%

—

—

—

1.70

%

Investment

Companies

............................................................................................

0.10

%

1.02

%

39.50

%

3.59

%

44.21

%

Other

Assets

(Liabilities)

........................................................................................

0.16

%

-0.72

%

-0.01

%

0.01

%

-0.56

%

Total

Net

Assets

.................................................................................................

16.14

%

40.77

%

39.49

%

3.60

%

100.00

%

HC

CAPITAL

TRUST

The

Corporate

Opportunities

Portfolio

Portfolio

of

Investments

—

March

31,

2024

(Unaudited)

147

Shares

Security

Description

Rate

%

Maturity

Date

Value

(000)

Common

Stock

—

0

.00

%

1,740,900

ACC

Claims

Holding

LLC

(

Financial

Services

)

^

(a)

(b)

....................

$

–

Total

Common

Stock

...........................................

–

Investment

Companies

—

97

.27

%

Domestic

Fixed

Income

—

19

.59

%

494,918

Allspring

Income

Opportunities

.....................................

3,286

369,728

Blackstone

Strategic

Credit

Term

Fund

...............................

4,400

281,261

Eaton

Vance

Ltd.

Duration

Income

Fund

..............................

2,742

148,064

First

Trust

High

Income

Long/Short

Fund

.............................

1,766

377,784

First

Trust

Senior

Floating

Rate

Income

Fund

II

.........................

3,910

696,267

Franklin

Ltd.

Duration

Income

Trust

.................................

4,366

396,457

Nuveen

Credit

Strategies

Income

Fund

...............................

2,208

399,493

Nuveen

Floating

Rate

Income

Fund/Closed-end

Fund

.....................

3,488

295,781

PGIM

High

Yield

Bond

Fund,

Inc.

...................................

3,842

328,620

PGIM

Short

Duration

High

Yield

Opportunities

Fund

.....................

5,054

281,183

Western

Asset

Diversified

Income

Fund

...............................

4,063

1,004,747

Western

Asset

High

Income

Opportunity

Fund,

Inc.

......................

3,919

43,044

International

Fixed

Income

—

5

.99

%

90,450

BNY

Mellon

Alcentra

Global

Credit

Income

2024

Target

Term

Fund,

Inc.

......

779

357,280

First

Trust

High

Yield

Opportunities

2027

Term

Fund

.....................

5,195

423,898

PGIM

Global

High

Yield

Fund,

Inc.

..................................

5,070

178,462

Western

Asset

High

Yield

Defined

Opportunity

Fund,

Inc.

..................

2,134

13,178

Money

Market

Funds

—

71

.69

%

1,177,000

Federated

Hermes

Treasury

Obligations

Fund,

Institutional

Shares

^^

..........

5.17(c)

1,177

156,084,278

State

Street

Institutional

Treasury

Plus

Money

Market

Fund,

Trust

Class

........

5.20(c)

156,084

270,788

State

Street

Institutional

U.S.

Government

Money

Market

Fund,

Administrative

Class

....................................................

5.01(c)

271

157,532

Total

Investment

Companies

......................................

213,754

Total

Investments

(cost

$

211,303

)

—

97

.27

%

..........................

213,754

Other

assets

in

excess

of

liabilities

—

2

.73

%

..........................

6,007

Net

Assets

—

100.00%

..........................................

$

219,761

Amounts

designated

as

"—"

are

$0

or

have

been

rounded

to

$0.

^

All

or

part

of

this

security

was

on

loan

as

of

March

31,

2024.

^^

Purchased

with

cash

collateral

held

from

securities

lending.

(a)

Escrow

security

due

to

bankruptcy.

(b)

Security

was

valued

using

significant

unobservable

inputs

as

of

March

31,

2024.

(c)

Annualized

7-day

yield

as

of

period-end.

148

HC

CAPITAL

TRUST

The

Corporate

Opportunities

Portfolio

Portfolio

of

Investments

(concluded)

—

March

31,

2024

(Unaudited)

The

following

table

reflects

the

percentage

of

total

net

assets

of

the

Portfolio

attributable

to

each

Specialist

Manager

as

of

March

31,

2024

.

Amounts

designated

as

"—"

indicate

the

Specialist

Manager

did

not

manage

any

holdings

in

that

category. 

The

Corporate

Opportunities

Portfolio

City

of

London

Investment

Management

Company,

Limited

Parametric

Portfolio

Associates,

LLC

HC

Capital

Solutions

Total

Common

Stocks

...............................................................................................................................

—

—

0.00

%

0.00

%

Investment

Companies

.....................................................................................................................

25.71

%

71.02

%

0.54

%

97.27

%

Other

Assets

(Liabilities)

.................................................................................................................

0.67

%

2.57

%

-0.51

%

2.73

%

Total

Net

Assets

..........................................................................................................................

26.38

%

73.59

%

0.03

%

100.00

%

The

following

table

reflects

the

open

derivative

positions

held

by

the

Portfolio

as

of

March

31,

2024

.

Futures

Contracts

Purchased

*

Description

Number

of

Contracts

Expiration

Date

Notional

Amount

(000)

Value

and

Unrealized

Appreciation/

(Depreciation)

(000)

5

Year

US

Treasury

Note

Future

...................

903

6/28/24

$

96,635

$

261

E-Mini

S&P

500

Future

.........................

244

6/21/24

64,764

977

$

161,399

$

1,238

Total

Unrealized

Appreciation

.....................

$

1,238

Total

Unrealized

Depreciation

.....................

—

Total

Net

Unrealized

Appreciation/(Depreciation)

.......

$

1,238

*

Cash

has

been

pledged

as

collateral

for

futures

contracts

held

by

the

Portfolio.

HC

CAPITAL

TRUST

The

U.S.

Government

Fixed

Income

Securities

Portfolio

Portfolio

of

Investments

—

March

31,

2024

(Unaudited)

149

Principal

Amount  

(000)

Security

Description

Rate

%

Maturity  

Date

Value

(000)

U.S.

Government

Agency

Securities

—

1.00%

$

200

Fannie

Mae

...................................................

0.38

8/25/25

$

188

450

Fannie

Mae

...................................................

0.50

6/17/25

426

400

Fannie

Mae

...................................................

0.50

11/7/25

373

350

Fannie

Mae

...................................................

0.75

10/8/27

309

100

Fannie

Mae,

Callable

6/18/24

@

100.00

...............................

0.88

12/18/26

91

200

Fannie

Mae

...................................................

0.88

8/5/30

162

100

Fannie

Mae

...................................................

1.88

9/24/26

94

150

Fannie

Mae

...................................................

2.13

4/24/26

143

95

Fannie

Mae

...................................................

6.25

5/15/29

103

160

Fannie

Mae

...................................................

6.63

11/15/30

181

180

Fannie

Mae

...................................................

7.25

5/15/30

208

250

Federal

Farm

Credit

Bank,

Callable

4/11/24

@

100.00

....................

1.00

10/7/26

228

75

Federal

Farm

Credit

Bank,

Callable

4/11/24

@

100.00

....................

1.24

12/23/30

60

468

Federal

Farm

Credit

Bank,

Callable

4/11/24

@

100.00

....................

1.55

7/26/30

389

300

Federal

Farm

Credit

Bank

.........................................

4.38

7/6/26

298

100

Federal

Farm

Credit

Bank

.........................................

4.50

8/14/26

100

200

Federal

Farm

Credit

Bank

.........................................

4.75

5/28/26

200

500

Federal

Farm

Credit

Bank,

Callable

7/2/24

@

100.00

.....................

5.94

1/2/36

498

300

Federal

Home

Loan

Bank

.........................................

0.38

9/4/25

281

200

Federal

Home

Loan

Bank

.........................................

0.50

4/14/25

191

70

Federal

Home

Loan

Bank,

Series

4,

Callable

4/27/24

@

100.00

..............

1.00

7/27/26

64

100

Federal

Home

Loan

Bank

.........................................

1.25

12/21/26

92

300

Federal

Home

Loan

Bank

.........................................

3.25

6/9/28

288

800

Federal

Home

Loan

Bank,

Series

2,

Callable

5/28/24

@

100.00

..............

4.00

8/28/25

789

300

Federal

Home

Loan

Bank

.........................................

4.00

6/30/28

297

200

Federal

Home

Loan

Bank

.........................................

4.38

6/12/26

199

500

Federal

Home

Loan

Bank

.........................................

4.63

11/17/26

502

165

Federal

Home

Loan

Bank

.........................................

5.50

7/15/36

179

100

Freddie

Mac,

Series

1

............................................

0.00(a)

11/15/38

50

500

Freddie

Mac

..................................................

0.38

9/23/25

468

650

Freddie

Mac

..................................................

0.38

7/21/25

613

400

Freddie

Mac,

Callable

4/27/24

@

100.00

..............................

0.80

10/27/26

363

27

Freddie

Mac,

Callable

5/28/24

@

100.00

..............................

4.20

8/28/25

27

300

Freddie

Mac,

Callable

11/21/24

@

100.00

.............................

5.50

2/21/29

300

250

Freddie

Mac

..................................................

6.25

7/15/32

282

180

Freddie

Mac

..................................................

6.75

3/15/31

205

85

Tennessee

Valley

Authority

........................................

5.25

9/15/39

89

200

Tennessee

Valley

Authority

........................................

5.38

4/1/56

214

100

Tennessee

Valley

Authority

........................................

5.88

4/1/36

111

140

Tennessee

Valley

Authority

........................................

6.15

1/15/38

160

Total

U.S.

Government

Agency

Securities

............................

9,815

U.S.

Treasury

Obligations

—

46.47%

2,700

U.S.

Treasury

Bond

.............................................

1.13

5/15/40

1,686

2,625

U.S.

Treasury

Bond

.............................................

1.13

8/15/40

1,623

1,945

U.S.

Treasury

Bond

.............................................

1.25

5/15/50

995

1,965

U.S.

Treasury

Bond

.............................................

1.38

11/15/40

1,263

3,080

U.S.

Treasury

Bond

.............................................

1.38

8/15/50

1,626

2,320

U.S.

Treasury

Bond

.............................................

1.63

11/15/50

1,310

2,625

U.S.

Treasury

Bond

.............................................

1.75

8/15/41

1,771

2,695

U.S.

Treasury

Bond

.............................................

1.88

2/15/51

1,623

2,140

U.S.

Treasury

Bond

.............................................

1.88

2/15/41

1,491

2,215

U.S.

Treasury

Bond

.............................................

1.88

11/15/51

1,327

1,370

U.S.

Treasury

Bond

.............................................

2.00

2/15/50

858

4,335

U.S.

Treasury

Bond

.............................................

2.00

8/15/51

2,685

3,320

U.S.

Treasury

Bond

.............................................

2.00

11/15/41

2,328

1,260

U.S.

Treasury

Bond

.............................................

2.25

8/15/46

862

1,250

U.S.

Treasury

Bond

.............................................

2.25

8/15/49

833

150

HC

CAPITAL

TRUST

The

U.S.

Government

Fixed

Income

Securities

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Principal

Amount  

(000)

Security

Description

Rate

%

Maturity  

Date

Value

(000)

U.S.

Treasury

Obligations

(continued)

$

1,750

U.S.

Treasury

Bond

.............................................

2.25

5/15/41

$

1,293

3,010

U.S.

Treasury

Bond

.............................................

2.25

2/15/52

1,980

3,000

U.S.

Treasury

Bond

.............................................

2.38

11/15/49

2,053

3,860

U.S.

Treasury

Bond

.............................................

2.38

5/15/51

2,619

1,880

U.S.

Treasury

Bond

.............................................

2.38

2/15/42

1,398

1,135

U.S.

Treasury

Bond

.............................................

2.50

2/15/46

820

800

U.S.

Treasury

Bond

.............................................

2.50

5/15/46

577

2,985

U.S.

Treasury

Bond

.............................................

2.50

2/15/45

2,182

1,110

U.S.

Treasury

Bond

.............................................

2.75

8/15/47

830

1,995

U.S.

Treasury

Bond

.............................................

2.75

11/15/42

1,561

450

U.S.

Treasury

Bond

.............................................

2.75

8/15/42

353

2,320

U.S.

Treasury

Bond

.............................................

2.75

11/15/47

1,732

955

U.S.

Treasury

Bond

.............................................

2.88

11/15/46

735

2,000

U.S.

Treasury

Bond

.............................................

2.88

5/15/49

1,521

2,095

U.S.

Treasury

Bond

.............................................

2.88

5/15/52

1,585

831

U.S.

Treasury

Bond

.............................................

2.88

5/15/43

660

780

U.S.

Treasury

Bond

.............................................

2.88

8/15/45

607

1,370

U.S.

Treasury

Bond

.............................................

3.00

2/15/48

1,071

1,855

U.S.

Treasury

Bond

.............................................

3.00

11/15/44

1,485

1,125

U.S.

Treasury

Bond

.............................................

3.00

5/15/42

921

1,645

U.S.

Treasury

Bond

.............................................

3.00

2/15/49

1,282

1,075

U.S.

Treasury

Bond

.............................................

3.00

5/15/47

844

1,460

U.S.

Treasury

Bond

.............................................

3.00

8/15/48

1,139

1,070

U.S.

Treasury

Bond

.............................................

3.00

8/15/52

831

1,010

U.S.

Treasury

Bond

.............................................

3.00

5/15/45

805

440

U.S.

Treasury

Bond

.............................................

3.00

2/15/47

346

1,177

U.S.

Treasury

Bond

.............................................

3.13

2/15/43

974

1,030

U.S.

Treasury

Bond

.............................................

3.13

5/15/48

823

1,730

U.S.

Treasury

Bond

.............................................

3.13

8/15/44

1,416

1,000

U.S.

Treasury

Bond

.............................................

3.13

11/15/41

840

1,000

U.S.

Treasury

Bond

.............................................

3.13

2/15/42

837

850

U.S.

Treasury

Bond

.............................................

3.25

5/15/42

723

1,315

U.S.

Treasury

Bond

.............................................

3.38

8/15/42

1,136

1,530

U.S.

Treasury

Bond

.............................................

3.38

5/15/44

1,305

2,400

U.S.

Treasury

Bond

.............................................

3.38

11/15/48

2,005

90

U.S.

Treasury

Bond

.............................................

3.50

2/15/39

83

2,205

U.S.

Treasury

Bond

.............................................

3.63

2/15/44

1,956

1,470

U.S.

Treasury

Bond

.............................................

3.63

8/15/43

1,307

2,100

U.S.

Treasury

Bond

.............................................

3.63

2/15/53

1,843

3,605

U.S.

Treasury

Bond

.............................................

3.63

5/15/53

3,167

1,220

U.S.

Treasury

Bond

.............................................

3.75

11/15/43

1,103

225

U.S.

Treasury

Bond

.............................................

3.88

8/15/40

212

875

U.S.

Treasury

Bond

.............................................

3.88

2/15/43

809

150

U.S.

Treasury

Bond

.............................................

3.88

5/15/43

138

925

U.S.

Treasury

Bond

.............................................

4.00

11/15/52

870

3,265

U.S.

Treasury

Bond

.............................................

4.13

8/15/53

3,138

1,650

U.S.

Treasury

Bond

.............................................

4.25

2/15/54

1,623

550

U.S.

Treasury

Bond

.............................................

4.25

11/15/40

542

30

U.S.

Treasury

Bond

.............................................

4.25

5/15/39

30

530

U.S.

Treasury

Bond

.............................................

4.38

2/15/38

540

163

U.S.

Treasury

Bond

.............................................

4.38

5/15/40

164

855

U.S.

Treasury

Bond

.............................................

4.38

11/15/39

862

551

U.S.

Treasury

Bond

.............................................

4.38

5/15/41

550

255

U.S.

Treasury

Bond

.............................................

4.50

5/15/38

263

1,150

U.S.

Treasury

Bond

.............................................

4.50

8/15/39

1,178

25

U.S.

Treasury

Bond

.............................................

4.50

2/15/36

26

673

U.S.

Treasury

Bond

.............................................

4.63

2/15/40

697

1,750

U.S.

Treasury

Bond

.............................................

4.75

11/15/43

1,816

520

U.S.

Treasury

Bond

.............................................

4.75

2/15/37

552

151

HC

CAPITAL

TRUST

The

U.S.

Government

Fixed

Income

Securities

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Principal

Amount  

(000)

Security

Description

Rate

%

Maturity  

Date

Value

(000)

U.S.

Treasury

Obligations

(continued)

$

1,500

U.S.

Treasury

Bond

.............................................

4.75

2/15/41

$

1,569

2,725

U.S.

Treasury

Bond

.............................................

4.75

11/15/53

2,909

235

U.S.

Treasury

Bond

.............................................

5.00

5/15/37

255

425

U.S.

Treasury

Bond

.............................................

5.25

2/15/29

443

282

U.S.

Treasury

Bond

.............................................

5.25

11/15/28

293

215

U.S.

Treasury

Bond

.............................................

5.38

2/15/31

230

400

U.S.

Treasury

Bond

.............................................

5.50

8/15/28

419

995

U.S.

Treasury

Bond

.............................................

6.00

2/15/26

1,018

280

U.S.

Treasury

Bond

.............................................

6.13

8/15/29

304

265

U.S.

Treasury

Bond

.............................................

6.13

11/15/27

280

1,090

U.S.

Treasury

Bond

.............................................

6.25

5/15/30

1,204

100

U.S.

Treasury

Bond

.............................................

6.38

8/15/27

106

3

U.S.

Treasury

Bond

.............................................

6.50

11/15/26

3

1,000

U.S.

Treasury

Bond

.............................................

6.63

2/15/27

1,056

200

U.S.

Treasury

Bond

.............................................

6.75

8/15/26

209

600

U.S.

Treasury

Bond

.............................................

6.88

8/15/25

616

1,880

U.S.

Treasury

Note

..............................................

0.25

10/31/25

1,751

2,525

U.S.

Treasury

Note

..............................................

0.25

5/31/25

2,391

1,000

U.S.

Treasury

Note

..............................................

0.25

9/30/25

934

2,425

U.S.

Treasury

Note

..............................................

0.25

6/30/25

2,289

1,580

U.S.

Treasury

Note

..............................................

0.25

7/31/25

1,486

3,105

U.S.

Treasury

Note

..............................................

0.25

8/31/25

2,911

1,910

U.S.

Treasury

Note

..............................................

0.38

4/30/25

1,818

2,200

U.S.

Treasury

Note

..............................................

0.38

11/30/25

2,046

2,075

U.S.

Treasury

Note

..............................................

0.38

7/31/27

1,820

3,415

U.S.

Treasury

Note

..............................................

0.38

9/30/27

2,977

3,110

U.S.

Treasury

Note

..............................................

0.38

1/31/26

2,875

2,920

U.S.

Treasury

Note

..............................................

0.38

12/31/25

2,708

1,900

U.S.

Treasury

Note

..............................................

0.50

6/30/27

1,678

2,640

U.S.

Treasury

Note

..............................................

0.50

4/30/27

2,345

2,600

U.S.

Treasury

Note

..............................................

0.50

5/31/27

2,302

3,090

U.S.

Treasury

Note

..............................................

0.50

8/31/27

2,714

2,425

U.S.

Treasury

Note

..............................................

0.50

10/31/27

2,118

3,675

U.S.

Treasury

Note

..............................................

0.50

2/28/26

3,397

2,720

U.S.

Treasury

Note

..............................................

0.63

5/15/30

2,196

3,895

U.S.

Treasury

Note

..............................................

0.63

8/15/30

3,118

2,800

U.S.

Treasury

Note

..............................................

0.63

12/31/27

2,444

2,885

U.S.

Treasury

Note

..............................................

0.63

11/30/27

2,525

2,635

U.S.

Treasury

Note

..............................................

0.63

7/31/26

2,408

690

U.S.

Treasury

Note

..............................................

0.63

3/31/27

617

1,845

U.S.

Treasury

Note

..............................................

0.75

8/31/26

1,686

1,470

U.S.

Treasury

Note

..............................................

0.75

4/30/26

1,358

2,890

U.S.

Treasury

Note

..............................................

0.75

3/31/26

2,678

2,800

U.S.

Treasury

Note

..............................................

0.75

5/31/26

2,580

4,025

U.S.

Treasury

Note

..............................................

0.75

1/31/28

3,521

1,615

U.S.

Treasury

Note

..............................................

0.88

9/30/26

1,478

2,295

U.S.

Treasury

Note

..............................................

0.88

6/30/26

2,116

5,330

U.S.

Treasury

Note

..............................................

0.88

11/15/30

4,314

3,365

U.S.

Treasury

Note

..............................................

1.00

7/31/28

2,932

2,825

U.S.

Treasury

Note

..............................................

1.13

10/31/26

2,594

2,465

U.S.

Treasury

Note

..............................................

1.13

2/29/28

2,183

3,635

U.S.

Treasury

Note

..............................................

1.13

8/31/28

3,178

4,995

U.S.

Treasury

Note

..............................................

1.13

2/15/31

4,096

1,840

U.S.

Treasury

Note

..............................................

1.13

2/28/27

1,675

3,390

U.S.

Treasury

Note

..............................................

1.25

5/31/28

2,999

3,510

U.S.

Treasury

Note

..............................................

1.25

4/30/28

3,112

3,195

U.S.

Treasury

Note

..............................................

1.25

11/30/26

2,937

3,515

U.S.

Treasury

Note

..............................................

1.25

6/30/28

3,104

1,850

U.S.

Treasury

Note

..............................................

1.25

12/31/26

1,698

152

HC

CAPITAL

TRUST

The

U.S.

Government

Fixed

Income

Securities

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Principal

Amount  

(000)

Security

Description

Rate

%

Maturity  

Date

Value

(000)

U.S.

Treasury

Obligations

(continued)

$

3,990

U.S.

Treasury

Note

..............................................

1.25

9/30/28

$

3,501

2,460

U.S.

Treasury

Note

..............................................

1.25

3/31/28

2,186

5,385

U.S.

Treasury

Note

..............................................

1.25

8/15/31

4,385

3,400

U.S.

Treasury

Note

..............................................

1.38

10/31/28

2,995

3,650

U.S.

Treasury

Note

..............................................

1.38

12/31/28

3,202

5,000

U.S.

Treasury

Note

..............................................

1.38

11/15/31

4,084

450

U.S.

Treasury

Note

..............................................

1.38

8/31/26

418

2,645

U.S.

Treasury

Note

..............................................

1.50

2/15/30

2,273

4,705

U.S.

Treasury

Note

..............................................

1.50

1/31/27

4,338

3,410

U.S.

Treasury

Note

..............................................

1.50

11/30/28

3,016

1,000

U.S.

Treasury

Note

..............................................

1.50

8/15/26

932

1,000

U.S.

Treasury

Note

..............................................

1.63

10/31/26

931

2,930

U.S.

Treasury

Note

..............................................

1.63

8/15/29

2,571

945

U.S.

Treasury

Note

..............................................

1.63

11/30/26

878

4,955

U.S.

Treasury

Note

..............................................

1.63

5/15/31

4,176

3,400

U.S.

Treasury

Note

..............................................

1.63

2/15/26

3,215

3,500

U.S.

Treasury

Note

..............................................

1.63

5/15/26

3,289

600

U.S.

Treasury

Note

..............................................

1.63

9/30/26

560

2,390

U.S.

Treasury

Note

..............................................

1.75

11/15/29

2,104

1,100

U.S.

Treasury

Note

..............................................

1.75

12/31/26

1,024

3,505

U.S.

Treasury

Note

..............................................

1.75

1/31/29

3,126

4,100

U.S.

Treasury

Note

..............................................

1.88

2/15/32

3,462

1,965

U.S.

Treasury

Note

..............................................

1.88

2/28/29

1,761

410

U.S.

Treasury

Note

..............................................

1.88

6/30/26

387

1,390

U.S.

Treasury

Note

..............................................

1.88

7/31/26

1,308

3,435

U.S.

Treasury

Note

..............................................

1.88

2/28/27

3,196

2,885

U.S.

Treasury

Note

..............................................

2.00

11/15/26

2,708

2,575

U.S.

Treasury

Note

..............................................

2.00

8/15/25

2,478

1,430

U.S.

Treasury

Note

..............................................

2.13

5/31/26

1,357

2,985

U.S.

Treasury

Note

..............................................

2.13

5/15/25

2,892

1,775

U.S.

Treasury

Note

..............................................

2.25

11/15/27

1,651

2,575

U.S.

Treasury

Note

..............................................

2.25

8/15/27

2,404

1,785

U.S.

Treasury

Note

..............................................

2.25

2/15/27

1,680

2,000

U.S.

Treasury

Note

..............................................

2.25

3/31/26

1,909

2,375

U.S.

Treasury

Note

..............................................

2.25

11/15/25

2,281

2,510

U.S.

Treasury

Note

..............................................

2.38

5/15/27

2,361

130

U.S.

Treasury

Note

..............................................

2.38

4/30/26

124

2,715

U.S.

Treasury

Note

..............................................

2.38

5/15/29

2,483

2,815

U.S.

Treasury

Note

..............................................

2.38

3/31/29

2,580

2,000

U.S.

Treasury

Note

..............................................

2.50

3/31/27

1,893

2,000

U.S.

Treasury

Note

..............................................

2.50

2/28/26

1,921

1,250

U.S.

Treasury

Note

..............................................

2.63

5/31/27

1,185

1,370

U.S.

Treasury

Note

..............................................

2.63

4/15/25

1,337

1,305

U.S.

Treasury

Note

..............................................

2.63

1/31/26

1,258

2,065

U.S.

Treasury

Note

..............................................

2.63

7/31/29

1,908

1,205

U.S.

Treasury

Note

..............................................

2.63

12/31/25

1,163

3,745

U.S.

Treasury

Note

..............................................

2.63

2/15/29

3,479

1,500

U.S.

Treasury

Note

..............................................

2.75

4/30/27

1,429

3,000

U.S.

Treasury

Note

..............................................

2.75

5/31/29

2,794

4,160

U.S.

Treasury

Note

..............................................

2.75

8/15/32

3,732

1,280

U.S.

Treasury

Note

..............................................

2.75

8/31/25

1,243

2,525

U.S.

Treasury

Note

..............................................

2.75

5/15/25

2,464

850

U.S.

Treasury

Note

..............................................

2.75

6/30/25

828

2,825

U.S.

Treasury

Note

..............................................

2.75

2/15/28

2,667

3,000

U.S.

Treasury

Note

..............................................

2.88

4/30/29

2,813

2,995

U.S.

Treasury

Note

..............................................

2.88

5/15/28

2,834

1,800

U.S.

Treasury

Note

..............................................

2.88

11/30/25

1,745

2,005

U.S.

Treasury

Note

..............................................

2.88

6/15/25

1,956

1,500

U.S.

Treasury

Note

..............................................

2.88

4/30/25

1,467

153

HC

CAPITAL

TRUST

The

U.S.

Government

Fixed

Income

Securities

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Principal

Amount  

(000)

Security

Description

Rate

%

Maturity  

Date

Value

(000)

U.S.

Treasury

Obligations

(continued)

$

3,610

U.S.

Treasury

Note

..............................................

2.88

5/15/32

$

3,278

540

U.S.

Treasury

Note

..............................................

2.88

7/31/25

526

1,505

U.S.

Treasury

Note

..............................................

2.88

5/31/25

1,469

3,380

U.S.

Treasury

Note

..............................................

2.88

8/15/28

3,191

880

U.S.

Treasury

Note

..............................................

3.00

10/31/25

856

1,415

U.S.

Treasury

Note

..............................................

3.00

9/30/25

1,378

1,835

U.S.

Treasury

Note

..............................................

3.00

7/15/25

1,792

1,930

U.S.

Treasury

Note

..............................................

3.13

8/15/25

1,886

2,000

U.S.

Treasury

Note

..............................................

3.13

8/31/29

1,893

3,430

U.S.

Treasury

Note

..............................................

3.13

11/15/28

3,267

2,200

U.S.

Treasury

Note

..............................................

3.25

6/30/27

2,125

1,700

U.S.

Treasury

Note

..............................................

3.25

6/30/29

1,621

4,400

U.S.

Treasury

Note

..............................................

3.38

5/15/33

4,122

1,245

U.S.

Treasury

Note

..............................................

3.50

1/31/30

1,198

1,905

U.S.

Treasury

Note

..............................................

3.50

9/15/25

1,869

2,200

U.S.

Treasury

Note

..............................................

3.50

1/31/28

2,135

5,000

U.S.

Treasury

Note

..............................................

3.50

2/15/33

4,735

1,580

U.S.

Treasury

Note

..............................................

3.63

5/15/26

1,549

400

U.S.

Treasury

Note

..............................................

3.63

3/31/30

387

2,500

U.S.

Treasury

Note

..............................................

3.75

12/31/28

2,447

5,045

U.S.

Treasury

Note

..............................................

3.75

12/31/30

4,904

2,175

U.S.

Treasury

Note

..............................................

3.75

5/31/30

2,118

1,545

U.S.

Treasury

Note

..............................................

3.75

4/15/26

1,518

4,205

U.S.

Treasury

Note

..............................................

3.88

8/15/33

4,095

2,500

U.S.

Treasury

Note

..............................................

3.88

4/30/25

2,470

2,490

U.S.

Treasury

Note

..............................................

3.88

1/15/26

2,454

1,765

U.S.

Treasury

Note

..............................................

3.88

11/30/29

1,733

1,325

U.S.

Treasury

Note

..............................................

3.88

12/31/29

1,301

1,400

U.S.

Treasury

Note

..............................................

3.88

9/30/29

1,375

2,400

U.S.

Treasury

Note

..............................................

4.00

2/15/26

2,370

1,950

U.S.

Treasury

Note

..............................................

4.00

1/31/29

1,930

2,800

U.S.

Treasury

Note

..............................................

4.00

2/15/34

2,754

1,000

U.S.

Treasury

Note

..............................................

4.00

2/29/28

988

1,985

U.S.

Treasury

Note

..............................................

4.00

1/31/31

1,959

1,725

U.S.

Treasury

Note

..............................................

4.00

12/15/25

1,704

1,750

U.S.

Treasury

Note

..............................................

4.00

10/31/29

1,729

2,050

U.S.

Treasury

Note

..............................................

4.00

1/15/27

2,026

2,230

U.S.

Treasury

Note

..............................................

4.13

2/15/27

2,211

1,580

U.S.

Treasury

Note

..............................................

4.13

6/15/26

1,565

3,720

U.S.

Treasury

Note

..............................................

4.13

11/15/32

3,695

2,500

U.S.

Treasury

Note

..............................................

4.25

5/31/25

2,479

2,280

U.S.

Treasury

Note

..............................................

4.25

3/15/27

2,269

2,000

U.S.

Treasury

Note

..............................................

4.25

12/31/25

1,984

1,835

U.S.

Treasury

Note

..............................................

4.25

10/15/25

1,820

1,825

U.S.

Treasury

Note

..............................................

4.25

2/28/31

1,828

2,750

U.S.

Treasury

Note

..............................................

4.25

2/28/29

2,754

1,670

U.S.

Treasury

Note

..............................................

4.38

8/15/26

1,663

2,220

U.S.

Treasury

Note

..............................................

4.38

11/30/30

2,238

1,950

U.S.

Treasury

Note

..............................................

4.38

12/15/26

1,945

1,765

U.S.

Treasury

Note

..............................................

4.50

11/15/25

1,757

1,590

U.S.

Treasury

Note

..............................................

4.50

7/15/26

1,588

4,815

U.S.

Treasury

Note

..............................................

4.50

11/15/33

4,921

1,750

U.S.

Treasury

Note

..............................................

4.63

9/15/26

1,754

1,555

U.S.

Treasury

Note

..............................................

4.63

3/15/26

1,554

2,750

U.S.

Treasury

Note

..............................................

4.63

2/28/26

2,748

1,805

U.S.

Treasury

Note

..............................................

4.63

10/15/26

1,810

1,945

U.S.

Treasury

Note

..............................................

4.63

11/15/26

1,951

475

U.S.

Treasury

Note

..............................................

4.88

11/30/25

476

154

HC

CAPITAL

TRUST

The

U.S.

Government

Fixed

Income

Securities

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

The

following

table

reflects

the

percentage

of

total

net

assets

of

the

Portfolio

attributable

to

each

Specialist

Manager

as

of

March

31,

2024.

Amounts

designated

as

"—"

indicate

the

Specialist

Manager

did

not

manage

any

holdings

in

that

category.

Principal

Amount  

(000)

Security

Description

Rate

%

Maturity  

Date

Value

(000)

U.S.

Treasury

Obligations

(continued)

$

340

U.S.

Treasury

Note

..............................................

4.88

10/31/30

$

352

Total

U.S.

Treasury

Obligations

...................................

456,916

Shares

Investment

Companies

—

51.79%

Domestic

Fixed

Income

—

49.37%

6,531,963

Vanguard

Intermediate-Term

Treasury

ETF

............................

382,446

1,773,950

Vanguard

Short-Term

Treasury

ETF

..................................

103,013

485,459

Money

Market

Funds

—

2.42%

23,823,521

State

Street

Institutional

Treasury

Plus

Money

Market

Fund,

Trust

Class

........

5.20(b)

23,824

Total

Investment

Companies

......................................

509,283

Total

Investments

(cost

$999,853)

—

99.26%

.........................

976,014

Other

assets

in

excess

of

liabilities

—

0.74%

..........................

7,244

Net

Assets

—

100.00%

..........................................

$

983,258

(a)

Zero

Coupon

Security.

Effective

rate

shown

is

as

of

March

31,

2024.

(b)

Annualized

7-day

yield

as

of

period-end.

ETF—Exchange-Traded

Fund

The

U.S.

Government

Fixed

Income

Securities

Portfolio

Mellon

Investments

Corporation

Parametric

Portfolio

Associates,

LLC

Total

U.S.

Government

Agency

Securities

.......................................................................................................................

1.00

%

—

1.00

%

U.S.

Treasury

Obligations

........................................................................................................................................

46.47

%

—

46.47

%

Investment

Company

...............................................................................................................................................

—

51.79

%

51.79

%

Other

Assets

(Liabilities)

........................................................................................................................................

0.44%

%

0.30

%

0.74

%

Total

Net

Assets

..................................................................................................................................................

47.91

%

52.09

%

100.00

%

155

HC

CAPITAL

TRUST

The

U.S.

Government

Fixed

Income

Securities

Portfolio

Portfolio

of

Investments

(concluded)

—

March

31,

2024

(Unaudited)

The

following

table

reflects

the

open

derivative

positions

held

by

the

Portfolio

as

of

March

31,

2024

.

Futures

Contracts

Purchased

*

Description

Number

of

Contracts

Expiration

Date

Notional

Amount

(000)

Value

and

Unrealized

Appreciation/

(Depreciation)

(000)

10

Year

US

Treasury

Note

Future

.............................

1,189

6/19/24

$

131,737

$

901

$

131,737

$

901

Total

Unrealized

Appreciation

.....................

$

901

Total

Unrealized

Depreciation

.....................

—

Total

Net

Unrealized

Appreciation/(Depreciation)

.......

$

901

*

Cash

has

been

pledged

as

collateral

for

futures

contracts

held

by

the

Portfolio.

Options

on

Futures

Contracts

Exchange-traded

options

on

futures

contacts

written

as

of

March

31,

2024

were

as

follows:

Description

Put/Call

Number

of

Contracts

Notional

Amount

(000)

Exercise

Price

Expiration

Date

Value

(000)

10

Year

US

Treasury

Note

Future

Option

..................

Put

50

$

268

$

107.00

5/27/24

$

(5)

10

Year

US

Treasury

Note

Future

Option

..................

Put

50

270

108.00

5/27/24

(10)

10

Year

US

Treasury

Note

Future

Option

..................

Put

100

538

107.50

5/27/24

(16)

$

(31)

HC

CAPITAL

TRUST

The

U.S.

Corporate

Fixed

Income

Securities

Portfolio

Portfolio

of

Investments

—

March

31,

2024

(Unaudited)

156

Principal

Amount  

(000)

Security

Description

Rate

%

Maturity  

Date

Value

(000)

Corporate

Bonds

—

70

.57

%

$

2,694

AbbVie,

Inc.

(

Biotechnology

)

.....................................

4.40

11/6/42

$

2,438

782

Air

Products

and

Chemicals,

Inc.

(

Chemicals

)

,

Callable

11/15/39

@

100.00

.....

2.70

5/15/40

569

615

Alabama

Power

Co.

,

Series

B

(

Electric

Utilities

)

,

Callable

6/1/47

@

100.00

.....

3.70

12/1/47

476

2,315

Amgen,

Inc.

(

Biotechnology

)

,

Callable

2/1/25

@

100.00

..................

3.13

5/1/25

2,260

1,435

Amgen,

Inc.

(

Biotechnology

)

,

Callable

8/21/39

@

100.00

..................

3.15

2/21/40

1,097

1,110

Amgen,

Inc.

(

Biotechnology

)

,

Callable

12/15/50

@

100.00

.................

4.66

6/15/51

984

1,790

Anheuser-Busch

Cos.

LLC/Anheuser-Busch

InBev

Worldwide,

Inc.

(

Beverages

)

,

Callable

8/1/45

@

100.00

....................................

4.90

2/1/46

1,701

940

Anheuser-Busch

InBev

Worldwide,

Inc.

(

Beverages

)

.....................

4.95

1/15/42

915

2,775

Apple,

Inc.

(

Technology

Hardware,

Storage

&

Peripherals

)

,

Callable

8/23/45

@

100.00

..................................................

4.65

2/23/46

2,669

1,065

AT&T,

Inc.

(

Diversified

Telecommunication

Services

)

,

Callable

11/1/31

@

100.00

2.25

2/1/32

867

2,519

AT&T,

Inc.

(

Diversified

Telecommunication

Services

)

,

Callable

3/15/55

@

100.00

3.55

9/15/55

1,751

875

AT&T,

Inc.

(

Diversified

Telecommunication

Services

)

,

Callable

9/9/48

@

100.00

.

4.55

3/9/49

740

255

Atmos

Energy

Corp.

(

Gas

Utilities

)

,

Callable

4/15/44

@

100.00

.............

4.13

10/15/44

220

1,145

Atmos

Energy

Corp.

(

Gas

Utilities

)

,

Callable

7/15/42

@

100.00

.............

4.15

1/15/43

996

5,805

Bank

of

America

Corp.

(

Banks

)

,

Callable

4/22/31

@

100.00

................

2.69

(SOFR

+

132

bps)(a)

4/22/32

4,894

5,225

Bank

of

America

Corp.

,

MTN

(

Banks

)

,

Callable

2/7/29

@

100.00

...........

3.97

(TSFR3M

+

147

bps)(a)

2/7/30

4,939

765

Berkshire

Hathaway

Energy

Co.

(

Oil,

Gas

&

Consumable

Fuels

)

,

Callable

8/1/44

@

100.00

..................................................

4.50

2/1/45

682

1,000

BP

Capital

Markets

America,

Inc.

(

Oil,

Gas

&

Consumable

Fuels

)

,

Callable

8/24/49

@

100.00

................................................

3.00

2/24/50

677

1,735

Bristol-Myers

Squibb

Co.

(

Pharmaceuticals

)

,

Callable

4/26/49

@

100.00

.......

4.25

10/26/49

1,473

2,705

Brown

&

Brown,

Inc.

(

Insurance

)

,

Callable

12/15/30

@

100.00

.............

2.38

3/15/31

2,244

705

Bunge

Ltd.

Finance

Corp.

(

Consumer

Staples

Distribution

&

Retail

)

,

Callable

2/14/31

@

100.00

..........................................

2.75

5/14/31

604

700

Bunge

Ltd.

Finance

Corp.

(

Consumer

Staples

Distribution

&

Retail

)

,

Callable

5/15/26

@

100.00

..........................................

3.25

8/15/26

668

3,175

Capital

One

Financial

Corp.

(

Consumer

Finance

)

,

Callable

2/1/28

@

100.00

....

5.47

(SOFR

+

208

bps)(a)

2/1/29

3,160

845

Carlisle

Cos.,

Inc.

(

Building

Products

)

,

Callable

12/1/31

@

100.00

...........

2.20

3/1/32

677

3,320

Charter

Communications

Operating

LLC/Charter

Communications

Operating

Capital

(

Media

)

,

Callable

1/1/31

@

100.00

..............................

2.80

4/1/31

2,716

2,885

Citigroup,

Inc.

(

Banks

)

,

Callable

3/17/32

@

100.00

......................

3.79

(SOFR

+

194

bps)(a)

3/17/33

2,566

3,650

Citigroup,

Inc.

(

Banks

)

,

Callable

3/31/30

@

100.00

......................

4.41

(SOFR

+

391

bps)(a)

3/31/31

3,460

1,244

Collins

Aerospace

(

Aerospace

&

Defense

)

,

Callable

12/15/26

@

100.00

.......

3.50

3/15/27

1,181

770

Comcast

Corp.

(

Media

)

,

Callable

5/1/49

@

100.00

.......................

4.00

11/1/49

624

295

Comcast

Corp.

(

Media

)

..........................................

4.65

7/15/42

270

2,185

Comcast

Corp.

(

Media

)

..........................................

4.75

3/1/44

1,997

860

Consolidated

Edison

Co.

of

New

York,

Inc.

(

Electric

Utilities

)

,

Callable

9/15/43

@

100.00

..................................................

4.45

3/15/44

754

175

Consolidated

Edison

Co.

of

New

York,

Inc.

,

Series

2008-B

(

Electric

Utilities

)

...

6.75

4/1/38

197

1,970

Constellation

Brands,

Inc.

(

Beverages

)

,

Callable

2/1/33

@

100.00

............

4.90

5/1/33

1,926

2,050

CSX

Corp.

(

Ground

Transportation

)

.................................

6.22

4/30/40

2,235

2,130

CVS

Health

Corp.

(

Health

Care

Providers

&

Services

)

,

Callable

9/25/37

@

100.00

4.78

3/25/38

1,967

1,130

CVS

Health

Corp.

(

Health

Care

Providers

&

Services

)

,

Callable

1/20/45

@

100.00

5.13

7/20/45

1,041

3,205

Dell

International

LLC/EMC

Corp.

(

Technology

Hardware,

Storage

&

Peripherals

)

,

Callable

8/1/26

@

100.00

....................................

4.90

10/1/26

3,186

450

Dell

International

LLC/EMC

Corp.

(

Technology

Hardware,

Storage

&

Peripherals

)

,

Callable

1/15/34

@

100.00

....................................

5.40

4/15/34

451

1,265

Devon

Energy

Corp.

(

Oil,

Gas

&

Consumable

Fuels

)

,

Callable

1/15/41

@

100.00

.

5.60

7/15/41

1,215

315

Devon

Energy

Corp.

(

Oil,

Gas

&

Consumable

Fuels

)

,

Callable

9/15/25

@

100.00

.

5.85

12/15/25

317

2,325

Digital

Realty

Trust

LP

(

Specialized

REITs

)

,

Callable

4/15/28

@

100.00

.......

4.45

7/15/28

2,247

435

Duke

Energy

Progress

LLC

(

Electric

Utilities

)

,

Callable

2/15/45

@

100.00

.....

4.20

8/15/45

363

2,840

EIDP,

Inc.

(

Chemicals

)

,

Callable

6/15/25

@

100.00

......................

1.70

7/15/25

2,708

157

HC

CAPITAL

TRUST

The

U.S.

Corporate

Fixed

Income

Securities

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Principal

Amount  

(000)

Security

Description

Rate

%

Maturity  

Date

Value

(000)

Corporate

Bonds

(continued)

$

600

Elevance

Health,

Inc.

(

Health

Care

Providers

&

Services

)

.................

4.63

5/15/42

$

545

735

Elevance

Health,

Inc.

(

Health

Care

Providers

&

Services

)

.................

4.65

1/15/43

665

1,625

Energy

Transfer

LP

(

Oil,

Gas

&

Consumable

Fuels

)

,

Callable

7/15/42

@

100.00

.

4.95

1/15/43

1,418

1,890

Energy

Transfer

LP

(

Oil,

Gas

&

Consumable

Fuels

)

,

Callable

2/1/26

@

103.69

..

7.38

2/1/31

1,977

1,767

Enterprise

Products

Operating

LLC

(

Oil,

Gas

&

Consumable

Fuels

)

,

Callable

9/15/43

@

100.00

..........................................

4.85

3/15/44

1,646

1,760

FedEx

Corp.

Pass

Through

Trust

,

Series

2020-1

,

Class

-

AA

(

Air

Freight

&

Logistics

)

...............................................

1.88

2/20/34

1,453

990

Fiserv,

Inc.

(

Financial

Services

)

,

Callable

12/2/32

@

100.00

................

5.60

3/2/33

1,009

1,990

Ford

Motor

Co.

(

Automobiles

)

,

Callable

11/12/31

@

100.00

................

3.25

2/12/32

1,656

3,000

Ford

Motor

Credit

Co.

LLC

(

Financial

Services

)

........................

4.13

8/4/25

2,935

780

General

Motors

Co.

(

Automobiles

)

,

Callable

9/1/25

@

100.00

..............

6.13

10/1/25

787

1,815

General

Motors

Financial

Co.,

Inc.

(

Specialty

Retail

)

,

Callable

1/26/25

@

100.00

.

2.90

2/26/25

1,769

2,475

General

Motors

Financial

Co.,

Inc.

(

Specialty

Retail

)

,

Callable

2/6/30

@

100.00

.

5.85

4/6/30

2,520

1,165

Georgia

Power

Co.

(

Electric

Utilities

)

...............................

4.30

3/15/42

1,014

1,150

Gilead

Sciences,

Inc.

(

Biotechnology

)

,

Callable

8/1/44

@

100.00

............

4.50

2/1/45

1,024

2,785

HCA,

Inc.

(

Health

Care

Providers

&

Services

)

.........................

5.38

2/1/25

2,778

1,235

HCA,

Inc.

(

Health

Care

Providers

&

Services

)

,

Callable

3/1/33

@

100.00

......

5.50

6/1/33

1,237

1,090

Howmet

Aerospace,

Inc.

(

Aerospace

&

Defense

)

,

Callable

4/1/25

@

100.00

....

6.88

5/1/25

1,100

1,622

Intel

Corp.

(

Semiconductors

&

Semiconductor

Equipment

)

,

Callable

6/8/47

@

100.00

..................................................

3.73

12/8/47

1,255

765

International

Business

Machines

Corp.

(

IT

Services

)

.....................

4.00

6/20/42

645

795

International

Paper

Co.

(

Containers

&

Packaging

)

,

Callable

5/15/41

@

100.00

...

6.00

11/15/41

822

7,355

JPMorgan

Chase

&

Co.

(

Banks

)

,

Callable

4/22/31

@

100.00

................

2.58

(TSFR3M

+

125

bps)(a)

4/22/32

6,203

2,495

JPMorgan

Chase

&

Co.

(

Banks

)

,

Callable

1/29/26

@

100.00

................

3.96

(TSFR3M

+

151

bps)(a)

1/29/27

2,434

1,665

Kinder

Morgan,

Inc.

(

Oil,

Gas

&

Consumable

Fuels

)

,

Callable

12/1/44

@

100.00

.

5.55

6/1/45

1,589

1,055

Lincoln

National

Corp.

(

Insurance

)

,

Callable

10/15/29

@

100.00

............

3.05

1/15/30

932

1,365

Lincoln

National

Corp.

(

Insurance

)

,

Callable

10/15/30

@

100.00

............

3.40

1/15/31

1,200

1,835

Lowe's

Cos.,

Inc.

(

Specialty

Retail

)

,

Callable

1/15/33

@

100.00

.............

5.00

4/15/33

1,826

945

Martin

Marietta

Materials,

Inc.

(

Construction

Materials

)

,

Callable

4/15/31

@

100.00

2.40

7/15/31

793

1,275

Marvell

Technology,

Inc.

(

Semiconductors

&

Semiconductor

Equipment

)

,

Callable

2/15/28

@

100.00

..........................................

2.45

4/15/28

1,149

810

Marvell

Technology,

Inc.

(

Semiconductors

&

Semiconductor

Equipment

)

,

Callable

1/15/31

@

100.00

..........................................

2.95

4/15/31

698

205

Marvell

Technology,

Inc.

(

Semiconductors

&

Semiconductor

Equipment

)

,

Callable

6/15/33

@

100.00

..........................................

5.95

9/15/33

212

3,771

Microchip

Technology,

Inc.

(

Semiconductors

&

Semiconductor

Equipment

)

,

Callable

5/6/24

@

101.06

...........................................

4.25

9/1/25

3,707

2,080

Microsoft

Corp.

(

Software

)

,

Callable

2/8/46

@

100.00

....................

3.70

8/8/46

1,763

960

Mohawk

Industries,

Inc.

(

Household

Durables

)

,

Callable

2/15/30

@

100.00

.....

3.63

5/15/30

885

5,250

Morgan

Stanley

,

MTN

(

Capital

Markets

)

,

Callable

7/20/26

@

100.00

.........

1.51

(SOFR

+

86

bps)(a)

7/20/27

4,811

4,955

Morgan

Stanley

(

Capital

Markets

)

,

Callable

1/21/32

@

100.00

..............

2.94

(SOFR

+

129

bps)(a)

1/21/33

4,192

1,838

National

Rural

Utilities

Cooperative

Finance

Corp.

(

Financial

Services

)

,

Callable

7/15/32

@

100.00

..........................................

5.80

1/15/33

1,906

450

Netflix,

Inc.

(

Entertainment

)

......................................

5.88

2/15/25

451

1,490

NextEra

Energy

Capital

Holdings,

Inc.

(

Electric

Utilities

)

,

Callable

11/28/32

@

100.00

..................................................

5.05

2/28/33

1,474

1,250

NextEra

Energy

Capital

Holdings,

Inc.

(

Electric

Utilities

)

,

Callable

8/28/52

@

100.00

..................................................

5.25

2/28/53

1,191

1,580

NNN

REIT,

Inc.

(

Retail

REITs

)

,

Callable

1/15/30

@

100.00

................

2.50

4/15/30

1,348

625

NNN

REIT,

Inc.

(

Retail

REITs

)

,

Callable

7/15/33

@

100.00

................

5.60

10/15/33

632

1,395

Northrop

Grumman

Corp.

(

Aerospace

&

Defense

)

,

Callable

4/15/47

@

100.00

..

4.03

10/15/47

1,138

576

Nucor

Corp.

(

Metals

&

Mining

)

,

Callable

2/1/43

@

100.00

.................

5.20

8/1/43

570

780

Oklahoma

Gas

and

Electric

Co.

(

Electric

Utilities

)

,

Callable

10/1/52

@

100.00

..

5.60

4/1/53

787

1,460

Oracle

Corp.

(

Software

)

,

Callable

11/15/44

@

100.00

....................

4.13

5/15/45

1,172

158

HC

CAPITAL

TRUST

The

U.S.

Corporate

Fixed

Income

Securities

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Principal

Amount  

(000)

Security

Description

Rate

%

Maturity  

Date

Value

(000)

Corporate

Bonds

(continued)

$

3,175

Ovintiv,

Inc.

(

Oil,

Gas

&

Consumable

Fuels

)

,

Callable

10/1/25

@

100.00

......

5.38

1/1/26

$

3,163

1,435

Philip

Morris

International,

Inc.

(

Tobacco

)

............................

4.50

3/20/42

1,252

1,290

Principal

Financial

Group,

Inc.

(

Insurance

)

,

Callable

3/15/30

@

100.00

........

2.13

6/15/30

1,081

2,534

Progress

Energy,

Inc.

(

Multi-Utilities

)

...............................

6.00

12/1/39

2,577

1,095

Prudential

Financial,

Inc.

(

Insurance

)

................................

4.60

5/15/44

977

152

Prudential

Financial,

Inc.

(

Insurance

)

................................

6.63

6/21/40

170

265

Public

Service

Electric

and

Gas

Co.

(

Electric

Utilities

)

,

Callable

3/1/42

@

100.00

3.65

9/1/42

214

1,739

Reliance,

Inc.

(

Metals

&

Mining

)

,

Callable

7/15/25

@

100.00

...............

1.30

8/15/25

1,642

690

Reliance,

Inc.

(

Metals

&

Mining

)

,

Callable

5/15/30

@

100.00

...............

2.15

8/15/30

580

900

Roper

Technologies,

Inc.

(

Software

)

,

Callable

3/30/30

@

100.00

.............

2.00

6/30/30

751

1,999

RTX

Corp.

(

Aerospace

&

Defense

)

.................................

4.50

6/1/42

1,781

930

Sabra

Health

Care

LP

(

Health

Care

REITs

)

,

Callable

9/1/31

@

100.00

.........

3.20

12/1/31

772

959

Sabra

Health

Care

LP

(

Health

Care

REITs

)

,

Callable

5/15/26

@

100.00

........

5.13

8/15/26

944

920

Southern

Co.

Gas

Capital

Corp.

(

Gas

Utilities

)

,

Callable

11/30/46

@

100.00

....

4.40

5/30/47

764

795

Sysco

Corp.

(

Consumer

Staples

Distribution

&

Retail

)

,

Callable

10/17/33

@

100.00

6.00

1/17/34

844

3,600

The

Goldman

Sachs

Group,

Inc.

(

Capital

Markets

)

,

Callable

7/21/31

@

100.00

..

2.38

(SOFR

+

125

bps)(a)

7/21/32

2,945

2,710

The

Goldman

Sachs

Group,

Inc.

(

Capital

Markets

)

,

Callable

6/5/27

@

100.00

...

3.69

(TSFR3M

+

177

bps)(a)

6/5/28

2,593

345

The

Home

Depot,

Inc.

(

Specialty

Retail

)

,

Callable

6/6/48

@

100.00

..........

4.50

12/6/48

307

1,210

The

Home

Depot,

Inc.

(

Specialty

Retail

)

,

Callable

3/15/40

@

100.00

..........

5.40

9/15/40

1,232

1,065

The

Interpublic

Group

of

Cos.,

Inc.

(

Media

)

...........................

4.20

4/15/24

1,064

2

The

Interpublic

Group

of

Cos.,

Inc.

(

Media

)

,

Callable

12/30/29

@

100.00

......

4.75

3/30/30

2

575

The

Interpublic

Group

of

Cos.,

Inc.

(

Media

)

,

Callable

4/1/48

@

100.00

........

5.40

10/1/48

537

1,760

The

PNC

Financial

Services

Group,

Inc.

(

Banks

)

,

Callable

1/22/34

@

100.00

...

5.68

(SOFR

+

190

bps)(a)

1/22/35

1,767

475

The

Travelers

Cos.,

Inc.

(

Insurance

)

.................................

5.35

11/1/40

480

666

The

Travelers

Cos.,

Inc.

(

Insurance

)

.................................

6.25

6/15/37

732

715

The

Walt

Disney

Co.

(

Entertainment

)

,

Callable

3/15/44

@

100.00

............

4.75

9/15/44

671

730

T-Mobile

USA,

Inc.

(

Wireless

Telecommunication

Services

)

,

Callable

4/15/33

@

100.00

..................................................

5.05

7/15/33

722

1,210

T-Mobile

USA,

Inc.

(

Wireless

Telecommunication

Services

)

,

Callable

7/15/52

@

100.00

..................................................

5.65

1/15/53

1,236

1,490

Truist

Financial

Corp.

,

MTN

(

Banks

)

,

Callable

1/24/34

@

100.00

...........

5.71

(SOFR

+

192

bps)(a)

1/24/35

1,496

552

UDR,

Inc.

,

MTN

(

Residential

REITs

)

,

Callable

5/1/32

@

100.00

............

2.10

8/1/32

432

994

UDR,

Inc.

(

Residential

REITs

)

,

Callable

5/15/31

@

100.00

.................

3.00

8/15/31

863

810

UnitedHealth

Group,

Inc.

(

Health

Care

Providers

&

Services

)

,

Callable

5/15/41

@

100.00

..................................................

4.63

11/15/41

748

605

UnitedHealth

Group,

Inc.

(

Health

Care

Providers

&

Services

)

..............

4.75

7/15/45

566

1,190

Valero

Energy

Corp.

(

Oil,

Gas

&

Consumable

Fuels

)

.....................

6.63

6/15/37

1,293

1,175

Ventas

Realty

LP

(

Diversified

REITs

)

,

Callable

6/1/31

@

100.00

.............

2.50

9/1/31

966

475

Ventas

Realty

LP

(

Diversified

REITs

)

,

Callable

11/1/24

@

100.00

............

3.50

2/1/25

465

670

Ventas

Realty

LP

(

Diversified

REITs

)

................................

3.75

5/1/24

669

945

Ventas

Realty

LP

(

Diversified

REITs

)

,

Callable

10/15/28

@

100.00

...........

4.40

1/15/29

908

715

Verizon

Communications,

Inc.

(

Diversified

Telecommunication

Services

)

,

Callable

12/15/31

@

100.00

.........................................

2.36

3/15/32

586

3,830

Verizon

Communications,

Inc.

(

Diversified

Telecommunication

Services

)

,

Callable

9/22/40

@

100.00

..........................................

3.40

3/22/41

2,992

625

Virginia

Electric

and

Power

Co.

,

Series

B

(

Electric

Utilities

)

,

Callable

3/15/47

@

100.00

..................................................

3.80

9/15/47

483

820

Virginia

Electric

and

Power

Co.

,

Series

D

(

Electric

Utilities

)

,

Callable

2/15/43

@

100.00

..................................................

4.65

8/15/43

736

1,455

Warnermedia

Holdings,

Inc.

(

Diversified

Telecommunication

Services

)

,

Callable

12/15/31

@

100.00

.........................................

4.28

3/15/32

1,294

2,400

Wells

Fargo

&

Co.

,

MTN

(

Banks

)

,

Callable

10/30/29

@

100.00

.............

2.88

(TSFR3M

+

143

bps)(a)

10/30/30

2,122

1,790

Wells

Fargo

&

Co.

,

MTN

(

Banks

)

,

Callable

5/22/27

@

100.00

..............

3.58

(TSFR3M

+

157

bps)(a)

5/22/28

1,702

159

HC

CAPITAL

TRUST

The

U.S.

Corporate

Fixed

Income

Securities

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Principal

Amount  

(000)

Security

Description

Rate

%

Maturity  

Date

Value

(000)

Corporate

Bonds

(continued)

$

3,375

Wells

Fargo

&

Co.

(

Banks

)

,

Callable

7/25/32

@

100.00

...................

4.90

(SOFR

+

210

bps)(a)

7/25/33

$

3,236

340

WestRock

MWV

LLC

(

Containers

&

Packaging

)

.......................

8.20

1/15/30

389

3,045

WRKCo,

Inc.

(

Containers

&

Packaging

)

,

Callable

1/15/26

@

100.00

..........

4.65

3/15/26

3,004

Total

Corporate

Bonds

..........................................

197,190

Yankee

Dollars

—

7

.79

%

675

America

Movil

SAB

de

CV

(

Wireless

Telecommunication

Services

)

.........

6.13

11/15/37

708

3,290

Aptiv

PLC/Aptiv

Corp.

(

Specialty

Retail

)

,

Callable

4/15/24

@

100.00

.........

2.40

2/18/25

3,193

525

BHP

Billiton

Finance

USA

Ltd.

(

Metals

&

Mining

)

,

Callable

6/8/33

@

100.00

...

5.25

9/8/33

529

1,246

British

Telecommunications

PLC

(

Diversified

Telecommunication

Services

)

....

9.63

12/15/30

1,524

880

Canadian

Natural

Resources

Ltd.

(

Oil,

Gas

&

Consumable

Fuels

)

,

Callable

6/15/25

@

100.00

................................................

2.05

7/15/25

842

240

Canadian

Pacific

Railway

Co.

(

Ground

Transportation

)

,

Callable

6/2/51

@

100.00

3.10

12/2/51

165

935

Canadian

Pacific

Railway

Co.

(

Ground

Transportation

)

...................

7.13

10/15/31

1,046

836

Deutsche

Telekom

International

Finance

BV

(

Diversified

Telecommunication

Services

)

................................................

8.75

6/15/30

986

1,365

Enbridge,

Inc.

(

Oil,

Gas

&

Consumable

Fuels

)

,

Callable

2/1/51

@

100.00

......

3.40

8/1/51

959

1

Enbridge,

Inc.

(

Oil,

Gas

&

Consumable

Fuels

)

,

Callable

4/15/27

@

100.00

.....

3.70

7/15/27

1

825

Equinor

ASA

(

Oil,

Gas

&

Consumable

Fuels

)

..........................

5.10

8/17/40

823

1,375

Iberdrola

International

BV

(

Electric

Utilities

)

..........................

5.81

3/15/25

1,376

1,490

Iberdrola

International

BV

(

Electric

Utilities

)

..........................

6.75

7/15/36

1,688

755

Nutrien

Ltd.

(

Chemicals

)

,

Callable

9/27/52

@

100.00

.....................

5.80

3/27/53

768

1,143

Orange

SA

(

Diversified

Telecommunication

Services

)

....................

9.00

3/1/31

1,385

2,170

Pfizer

Investment

Enterprises

Pte

Ltd.

(

Capital

Markets

)

,

Callable

11/19/42

@

100.00

..................................................

5.11

5/19/43

2,119

1,225

Shell

International

Finance

BV

(

Oil,

Gas

&

Consumable

Fuels

)

.............

4.55

8/12/43

1,135

620

Telefonica

Emisiones

SA

(

Diversified

Telecommunication

Services

)

..........

7.05

6/20/36

692

1,000

The

Toronto-Dominion

Bank

(

Banks

)

...............................

3.20

3/10/32

876

475

Vodafone

Group

PLC

(

Wireless

Telecommunication

Services

)

..............

4.13

5/30/25

468

456

Vodafone

Group

PLC

(

Wireless

Telecommunication

Services

)

..............

6.15

2/27/37

485

Total

Yankee

Dollars

............................................

21,768

Shares

Investment

Companies

—

20

.69

%

Domestic

Fixed

Income

—

19

.44

%

237,600

Vanguard

Intermediate-Term

Treasury

ETF

............................

13,911

522,400

Vanguard

Short-Term

Corporate

Bond

ETF

............................

40,387

54,298

Money

Market

Funds

—

1

.25

%

476,578

State

Street

Institutional

Treasury

Money

Market

Fund,

Premier

Class

.........

5.24(b)

477

3,025,127

State

Street

Institutional

Treasury

Plus

Money

Market

Fund,

Trust

Class

........

5.20(b)

3,025

3,502

Total

Investment

Companies

......................................

57,800

Total

Investments

(cost

$

287,818

)

—

99

.05

%

.........................

276,758

Other

assets

in

excess

of

liabilities

—

0

.95

%

..........................

2,647

Net

Assets

—

100.00%

..........................................

$

279,405

160

HC

CAPITAL

TRUST

The

U.S.

Corporate

Fixed

Income

Securities

Portfolio

Portfolio

of

Investments

(concluded)

—

March

31,

2024

(Unaudited)

The

following

table

reflects

the

percentage

of

total

net

assets

of

the

Portfolio

attributable

to

each

Specialist

Manager

as

of

March

31,

2024

.

Amounts

designated

as

"—"

indicate

the

Specialist

Manager

did

not

manage

any

holdings

in

that

category. 

(a)

Variable

Rate

Security.

The

rate

disclosed

is

the

rate

in

effect

on

March

31,

2024.

(b)

Annualized

7-day

yield

as

of

period-end.

bps—Basis

Points

ETF—Exchange-Traded

Fund

MTN—Medium

Term

Note

REIT—Real

Estate

Investment

Trust

SOFR—Secured

Overnight

Financing

Rate

TSFR3M

—

3

Month

SOFR

The

U.S.

Corporate

Fixed

Income

Securities

Portfolio

Agincourt

Capital

Management,

LLC

Parametric

Portfolio

Associates,

LLC

HC

Capital

Solutions

Total

Corporate

Bonds

..............................................................................................................................

70.57

%

—

—

70.57

%

Yankee

Dollars

.................................................................................................................................

7.79

%

—

—

7.79

%

Investment

Companies

.....................................................................................................................

0.17

%

20.01

%

0.51

%

20.69

%

Other

Assets

(Liabilities)

.................................................................................................................

0.83

%

0.07

0.05

%

0.95

%

Total

Net

Assets

..........................................................................................................................

79.36

%

20.08

%

0.56

%

100.00

%

The

following

table

reflects

the

open

derivative

positions

held

by

the

Portfolio

as

of

March

31,

2024

.

Futures

Contracts

Purchased

*

Description

Number

of

Contracts

Expiration

Date

Notional

Amount

(000)

Value

and

Unrealized

Appreciation/

(Depreciation)

(000)

2

Year

US

Treasury

Note

Future

...................

200

7/1/24

$

40,897

$

40

$

40,897

$

40

Total

Unrealized

Appreciation

.....................

$

40

Total

Unrealized

Depreciation

.....................

—

Total

Net

Unrealized

Appreciation/(Depreciation)

.......

$

40

*

Cash

has

been

pledged

as

collateral

for

futures

contracts

held

by

the

Portfolio.

HC

CAPITAL

TRUST

The

U.S.

Mortgage/Asset

Backed

Fixed

Income

Securities

Portfolio

of

Investments

—

March

31,

2024

(Unaudited)

161

Principal

Amount  

(000)

Security

Description

Rate

%

Maturity  

Date

Value

(000)

Asset

Backed

Securities

—

1

.59

%

$

100

American

Express

Credit

Account

Master

Trust

,

Series

2022-2

,

Class

-

A

.......

3.39

5/15/27

$

98

300

American

Express

Credit

Account

Master

Trust

,

Series

2023-1

,

Class

-

A

.......

4.87

5/15/28

297

150

American

Express

Credit

Account

Master

Trust

,

Series

2022-4

,

Class

-

A

.......

4.95

10/15/27

150

100

BA

Credit

Card

Trust

,

Series

2022-A1

,

Class

-

A1

........................

3.53

11/15/27

98

100

Barclays

Dryrock

Issuance

Trust

,

Series

2022-1

,

Class

-

A

..................

3.07

2/15/28

98

140

Capital

One

Multi-Asset

Execution

Trust

,

Series

2021-A2

,

Class

-

A2

.........

1.39

7/15/30

122

200

Capital

One

Multi-Asset

Execution

Trust

,

Series

2022-A2

,

Class

-

A

..........

3.49

5/15/27

196

100

CarMax

Auto

Owner

Trust

,

Series

2023-1

,

Class

-

A3

,

Callable

12/15/26

@

100.00

4.75

10/15/27

99

75

Carvana

Auto

Receivables

Trust

,

Series

2022-P2

,

Class

-

A4

,

Callable

12/10/27

@

100.00

...................................................

4.68

2/10/28

74

100

Chase

Issuance

Trust

,

Series

2024-A2

,

Class

-

A

.........................

4.63

1/15/31

99

100

CNH

Equipment

Trust

,

Series

2022-C

,

Class

-

A3

,

Callable

5/15/27

@

100.00

...

5.15

4/17/28

100

150

GM

Financial

Consumer

Automobile

Receivables

Trust

,

Series

2023-1

,

Class

-

A3

,

Callable

1/16/27

@

100.00

....................................

4.66

2/16/28

149

150

GM

Financial

Consumer

Automobile

Receivables

Trust

,

Series

2024-1

,

Class

-

A3

,

Callable

7/16/27

@

100.00

....................................

4.85

12/18/28

150

75

Honda

Auto

Receivables

Owner

Trust

,

Series

2023-1

,

Class

-

A4

,

Callable

7/21/26

@

100.00

................................................

4.97

6/21/29

75

100

Honda

Auto

Receivables

Owner

Trust

,

Series

2023-3

,

Class

-

A4

,

Callable

12/18/26

@

100.00

................................................

5.30

12/18/29

101

125

Hyundai

Auto

Receivables

Trust

,

Series

2023-C

,

Class

-

A3

,

Callable

3/15/28

@

100.00

...................................................

5.54

10/16/28

126

150

Mercedes-Benz

Auto

Receivables

Trust

,

Series

2023-1

,

Class

-

A3

,

Callable

11/15/26

@

100.00

................................................

4.51

11/15/27

148

100

Nissan

Auto

Receivables

Owner

Trust

,

Series

2023-A

,

Class

-

A3

,

Callable

2/15/27

@

100.00

................................................

4.91

11/15/27

100

150

Santander

Drive

Auto

Receivables

Trust

,

Series

2023-4

,

Class

-

A3

,

Callable

2/15/27

@

100.00

................................................

5.73

4/17/28

150

100

Synchrony

Card

Funding

LLC

,

Series

2022-A1

,

Class

-

A

,

Callable

4/15/25

@

100.00

...................................................

3.37

4/15/28

98

100

Toyota

Auto

Receivables

Owner

Trust

,

Series

2022-C

,

Class

-

A3

,

Callable

11/15/26

@

100.00

................................................

3.76

4/15/27

98

85

Toyota

Auto

Receivables

Owner

Trust

,

Series

2023-A

,

Class

-

A3

,

Callable

4/15/27

@

100.00

................................................

4.63

9/15/27

84

200

Toyota

Auto

Receivables

Owner

Trust

,

Series

2024-A

,

Class

-

A4

,

Callable

11/15/27

@

100.00

................................................

4.77

4/16/29

199

150

Verizon

Master

Trust

,

Series

2022-2

,

Class

-

A

,

Callable

1/20/25

@

100.00

......

1.53

7/20/28

145

100

Verizon

Master

Trust

,

Series

2022-6

,

Class

-

A

,

Callable

7/20/25

@

100.00

......

3.67

1/22/29

98

125

Volkswagen

Auto

Loan

Enhanced

Trust

,

Series

2023-1

,

Class

-

A3

,

Callable

3/20/27

@

100.00

................................................

5.02

6/20/28

125

200

World

Omni

Auto

Receivables

Trust

,

Series

2021-C

,

Class

-

A4

,

Callable

8/15/25

@

100.00

...................................................

0.64

9/15/27

187

75

World

Omni

Auto

Receivables

Trust

,

Series

2023-B

,

Class

-

A3

,

Callable

12/15/26

@

100.00

................................................

4.66

5/15/28

74

Total

Asset

Backed

Securities

.....................................

3,538

Collateralized

Mortgage

Obligations

—

4

.96

%

150

Bank

,

Series

2020-BN26

,

Class

-

A4

,

Callable

3/15/30

@

100.00

.............

2.40

3/15/63

128

300

Bank

,

Series

2021-BN37

,

Class

-

A5

,

Callable

11/15/31

@

100.00

............

2.62(a)

11/15/64

253

100

Bank

,

Series

2019-BN21

,

Class

-

A5

,

Callable

10/15/29

@

100.00

............

2.85

10/17/52

88

100

Bank

,

Series

2019-BN19

,

Class

-

A3

,

Callable

7/15/29

@

100.00

.............

3.18

8/15/61

86

188

Bank

,

Series

2017-BNK9

,

Class

-

ASB

,

Callable

12/15/29

@

100.00

..........

3.47

11/15/54

181

300

Bank

,

Series

2018-BN10

,

Class

-

A5

,

Callable

2/15/28

@

100.00

.............

3.69

2/15/61

284

100

Bank

,

Series

2019-BN17

,

Class

-

A4

,

Callable

4/15/29

@

100.00

.............

3.71

4/15/52

94

150

Bank

,

Series

2022-BNK41

,

Class

-

A4

................................

3.79(a)

4/15/65

138

60

BBCMS

Mortgage

Trust

,

Series

2020-C7

,

Class

-

AS

,

Callable

4/15/30

@

100.00

.

2.44

4/15/53

48

400

BBCMS

Mortgage

Trust

,

Series

2022-C15

,

Class

-

A5

,

Callable

4/15/32

@

100.00

3.66(a)

4/15/55

361

50

BBCMS

Mortgage

Trust

,

Series

2023-C21

,

Class

-

A5

,

Callable

9/15/33

@

100.00

6.00(a)

9/15/56

53

162

HC

CAPITAL

TRUST

The

U.S.

Mortgage/Asset

Backed

Fixed

Income

Securities

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Principal

Amount  

(000)

Security

Description

Rate

%

Maturity  

Date

Value

(000)

Collateralized

Mortgage

Obligations

(continued)

$

125

BBCMS

Mortgage

Trust

,

Series

2023-C22

,

Class

-

A5

,

Callable

10/15/33

@

100.00

6.80(a)

11/15/56

$

141

150

Benchmark

Mortgage

Trust

,

Series

2021-B25

,

Class

-

ASB

,

Callable

4/15/31

@

100.00

...................................................

2.27

4/15/54

133

100

Benchmark

Mortgage

Trust

,

Series

2020-IG1

,

Class

-

AS

,

Callable

1/15/30

@

100.00

2.91(a)

9/15/43

75

200

Benchmark

Mortgage

Trust

,

Series

2022-B33

,

Class

-

A5

,

Callable

3/15/32

@

100.00

...................................................

3.46

3/15/55

178

250

Benchmark

Mortgage

Trust

,

Series

2019-B9

,

Class

-

A5

,

Callable

2/15/29

@

100.00

4.02

3/15/52

233

200

Benchmark

Mortgage

Trust

,

Series

2018-B6

,

Class

-

A4

,

Callable

10/10/28

@

100.00

...................................................

4.26

10/10/51

189

100

Citigroup

Commercial

Mortgage

Trust

,

Series

2020-GC46

,

Class

-

AS

,

Callable

2/15/30

@

100.00

..........................................

2.92

2/15/53

85

150

Citigroup

Commercial

Mortgage

Trust

,

Series

2019-C7

,

Class

-

A4

,

Callable

12/15/29

@

100.00

..........................................

3.10

12/15/72

132

100

Citigroup

Commercial

Mortgage

Trust

,

Series

2016-GC37

,

Class

-

A4

,

Callable

3/10/26

@

100.00

..........................................

3.31

4/10/49

95

100

Citigroup

Commercial

Mortgage

Trust

,

Series

2016-GC36

,

Class

-

A5

,

Callable

2/10/26

@

100.00

..........................................

3.62

2/10/49

95

50

COMM

Mortgage

Trust

,

Series

2019-GC44

,

Class

-

ASB

,

Callable

11/15/29

@

100.00

...................................................

2.87

8/15/57

47

194

Fannie

Mae-ACES

,

Series

2020-M8

,

Class

-

A2

.........................

1.82

2/25/30

165

176

Fannie

Mae-ACES

,

Series

2022-M11

,

Class

-

A2

........................

2.95(a)

10/25/27

165

165

Fannie

Mae-ACES

,

Series

2017-M7

,

Class

-

A2

.........................

2.96(a)

2/25/27

156

96

Fannie

Mae-ACES

,

Series

2017-M11

,

Class

-

A2

........................

2.98

8/25/29

89

191

Fannie

Mae-ACES

,

Series

2017-M12

,

Class

-

A2

........................

3.06(a)

6/25/27

183

170

Fannie

Mae-ACES

,

Series

2017-

M15

,

Class

-

ATS2

......................

3.15(a)

11/25/27

161

238

Fannie

Mae-ACES

,

Series

2018-M14

,

Class

-

A2

........................

3.58(a)

8/25/28

228

181

Fannie

Mae-ACES

,

Series

2019-M2

,

Class

-

A2

.........................

3.62(a)

11/25/28

173

300

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates

,

Series

K117

,

Class

-

A2

.....................................................

1.41

8/25/30

247

300

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates

,

Series

K-1516

,

Class

-

A2

....................................................

1.72

5/25/35

219

58

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates

,

Series

K106

,

Class

-

A1

.....................................................

1.78

10/25/29

53

390

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates

,

Series

K126

,

Class

-

A2

.....................................................

2.07

1/25/31

332

200

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates

,

Series

K133

,

Class

-

A2

.....................................................

2.10

9/25/31

168

300

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates

,

Series

K749

,

Class

-

AM

.....................................................

2.12

4/25/29

263

150

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates

,

Series

K749

,

Class

-

A2

.....................................................

2.12(a)

3/25/29

134

100

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates

,

Series

K136

,

Class

-

A2

,

Callable

12/25/31

@

100.00

................................

2.13

11/25/31

84

300

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates

,

Series

K-1521

,

Class

-

A2

....................................................

2.18

8/25/36

224

43

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates

,

Series

K099

,

Class

-

A1

.....................................................

2.26

6/25/29

40

42

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates

,

Series

K058

,

Class

-

A1

.....................................................

2.34

7/25/26

41

350

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates

,

Series

K055

,

Class

-

A2

.....................................................

2.67

3/25/26

336

75

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates

,

Series

K-1514

,

Class

-

A2

....................................................

2.86

10/25/34

63

200

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates

,

Series

K147

,

Class

-

A2

,

Callable

6/25/32

@

100.00

.................................

3.00(a)

6/25/32

177

100

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates

,

Series

K092

,

Class

-

A2

.....................................................

3.30

4/25/29

94

100

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates

,

Series

K047

,

Class

-

A2

.....................................................

3.33(a)

5/25/25

98

163

HC

CAPITAL

TRUST

The

U.S.

Mortgage/Asset

Backed

Fixed

Income

Securities

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Principal

Amount  

(000)

Security

Description

Rate

%

Maturity  

Date

Value

(000)

Collateralized

Mortgage

Obligations

(continued)

$

250

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates

,

Series

K091

,

Class

-

A2

.....................................................

3.51

3/25/29

$

237

250

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates

,

Series

K087

,

Class

-

A2

.....................................................

3.77

12/25/28

240

150

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates

,

Series

K-152

,

Class

-

A2

.....................................................

3.78

11/25/32

140

75

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates

,

Series

K-153

,

Class

-

AM

.....................................................

3.82

12/25/32

70

500

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates

,

Series

K077

,

Class

-

A2

.....................................................

3.85

5/25/28

483

400

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates

,

Series

K081

,

Class

-

A2

.....................................................

3.90(a)

8/25/28

387

150

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates

,

Series

K751

,

Class

-

A2

.....................................................

4.41

3/25/30

148

224

GS

Mortgage

Securities

Trust

,

Series

2016-GS2

,

Class

-

A3

,

Callable

5/10/26

@

100.00

...................................................

2.79

5/10/49

211

200

GS

Mortgage

Securities

Trust

,

Series

2019-GC42

,

Class

-

A4

,

Callable

9/10/29

@

100.00

...................................................

3.00

9/10/52

176

100

GS

Mortgage

Securities

Trust

,

Series

2020-GC45

,

Class

-

AS

,

Callable

1/13/30

@

100.00

...................................................

3.17(a)

2/13/53

85

250

GS

Mortgage

Securities

Trust

,

Series

2017-GS5

,

Class

-

A4

,

Callable

3/10/27

@

100.00

...................................................

3.67

3/10/50

232

100

GS

Mortgage

Securities

Trust

,

Series

2018-GS10

,

Class

-

A5

,

Callable

7/10/28

@

100.00

...................................................

4.16(a)

7/10/51

93

200

Morgan

Stanley

Bank

of

America

Merrill

Lynch

Trust

,

Series

2017-C33

,

Class

-

A5

,

Callable

5/15/27

@

100.00

....................................

3.60

5/15/50

189

200

Morgan

Stanley

Capital

I

Trust

,

Series

2017-H1

,

Class

-

A4

,

Callable

6/15/27

@

100.00

...................................................

3.26

6/15/50

186

100

MSWF

Commercial

Mortgage

Trust

,

Series

2023-1

,

Class

-

A5

,

Callable

6/15/33

@

100.00

...................................................

5.75

5/15/56

105

100

SG

Commercial

Mortgage

Securities

Trust

,

Series

2016-C5

,

Class

-

A4

,

Callable

7/10/26

@

100.00

..........................................

3.06

10/10/48

94

122

Wells

Fargo

Commercial

Mortgage

Trust

,

Series

2019-C53

,

Class

-

A4

,

Callable

10/15/29

@

100.00

..........................................

3.04

10/15/52

110

500

Wells

Fargo

Commercial

Mortgage

Trust

,

Series

2016-C34

,

Class

-

A4

,

Callable

5/15/26

@

100.00

..........................................

3.10

6/15/49

470

183

Wells

Fargo

Commercial

Mortgage

Trust

,

Series

2015-C30

,

Class

-

A4

,

Callable

8/15/25

@

100.00

..........................................

3.66

9/15/58

177

124

Wells

Fargo

Commercial

Mortgage

Trust

,

Series

2015-P2

,

Class

-

A4

,

Callable

12/15/25

@

100.00

..........................................

3.81

12/15/48

120

100

Wells

Fargo

Commercial

Mortgage

Trust

,

Series

2018-C47

,

Class

-

A4

,

Callable

10/15/28

@

100.00

..........................................

4.44

9/15/61

97

Total

Collateralized

Mortgage

Obligations

...........................

11,060

U.S.

Government

Agency

Mortgages

—

81

.81

%

345

Fannie

Mae

,

Pool

#MA4417

.......................................

1.50

9/1/36

300

99

Fannie

Mae

,

Pool

#MA4122

.......................................

1.50

9/1/35

86

127

Fannie

Mae

,

Pool

#FM9249

.......................................

1.50

10/1/41

101

90

Fannie

Mae

,

Pool

#BT2055

........................................

1.50

3/1/37

78

272

Fannie

Mae

,

Pool

#FS1327

........................................

1.50

6/1/36

236

369

Fannie

Mae

,

Pool

#CA7696

.......................................

1.50

11/1/50

278

126

Fannie

Mae

,

Pool

#FS2037

........................................

1.50

5/1/37

109

76

Fannie

Mae

,

Pool

#MA4286

.......................................

1.50

3/1/41

63

352

Fannie

Mae

,

Pool

#MA4441

.......................................

1.50

10/1/36

306

425

Fannie

Mae

,

Pool

#MA4354

.......................................

1.50

6/1/51

321

391

Fannie

Mae

,

Pool

#MA4280

.......................................

1.50

3/1/51

294

137

Fannie

Mae

,

Pool

#MA4310

.......................................

1.50

4/1/41

111

439

Fannie

Mae

,

Pool

#MA4397

.......................................

1.50

8/1/51

331

164

HC

CAPITAL

TRUST

The

U.S.

Mortgage/Asset

Backed

Fixed

Income

Securities

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Principal

Amount  

(000)

Security

Description

Rate

%

Maturity  

Date

Value

(000)

U.S.

Government

Agency

Mortgages

(continued)

$

162

Fannie

Mae

,

Pool

#MA4386

.......................................

1.50

7/1/41

$

131

40

Fannie

Mae

,

Pool

#MA4342

.......................................

1.50

5/1/41

33

20

Fannie

Mae

,

Pool

#MA4181

.......................................

1.50

11/1/50

15

312

Fannie

Mae

,

Pool

#MA4236

.......................................

1.50

1/1/51

235

190

Fannie

Mae

,

Pool

#MA4302

.......................................

1.50

4/1/36

165

375

Fannie

Mae

,

Pool

#MA4304

.......................................

1.50

4/1/51

283

233

Fannie

Mae

,

Pool

#BQ5781

.......................................

1.50

11/1/35

204

317

Fannie

Mae

,

Pool

#CB0310

.......................................

1.50

4/1/36

274

367

Fannie

Mae

,

Pool

#CA7695

.......................................

1.50

11/1/50

277

380

Fannie

Mae

,

Pool

#MA4343

.......................................

1.50

5/1/51

287

169

Fannie

Mae

,

Pool

#MA4266

.......................................

1.50

2/1/41

138

362

Fannie

Mae

,

Pool

#FM6579

.......................................

1.50

3/1/51

277

395

Fannie

Mae

,

Pool

#CB0711

........................................

1.50

6/1/51

300

83

Fannie

Mae

,

Pool

#MA4445

.......................................

1.50

10/1/41

67

288

Fannie

Mae

,

Pool

#BQ3141

.......................................

1.50

10/1/35

251

178

Fannie

Mae

,

Pool

#BQ5160

.......................................

2.00

12/1/50

142

365

Fannie

Mae

,

Pool

#FM6448

.......................................

2.00

3/1/51

291

386

Fannie

Mae

,

Pool

#CB0684

.......................................

2.00

6/1/51

307

390

Fannie

Mae

,

Pool

#CB0497

.......................................

2.00

5/1/51

312

375

Fannie

Mae

,

Pool

#CB0325

.......................................

2.00

4/1/51

300

12

Fannie

Mae

,

Pool

#AY4232

.......................................

2.00

5/1/30

11

443

Fannie

Mae

,

Pool

#MA4511

.......................................

2.00

1/1/52

351

362

Fannie

Mae

,

Pool

#MA4442

.......................................

2.00

10/1/36

322

495

Fannie

Mae

,

Pool

#BR4094

.......................................

2.00

1/1/51

394

449

Fannie

Mae

,

Pool

#BR0948

.......................................

2.00

4/1/51

356

256

Fannie

Mae

,

Pool

#MA4208

.......................................

2.00

12/1/50

203

428

Fannie

Mae

,

Pool

#FM4969

.......................................

2.00

12/1/50

345

337

Fannie

Mae

,

Pool

#MA4237

.......................................

2.00

1/1/51

268

395

Fannie

Mae

,

Pool

#MA4182

.......................................

2.00

11/1/50

313

411

Fannie

Mae

,

Pool

#CB1787

.......................................

2.00

10/1/51

329

342

Fannie

Mae

,

Pool

#BR2176

.......................................

2.00

7/1/36

304

418

Fannie

Mae

,

Pool

#MA4378

.......................................

2.00

7/1/51

331

342

Fannie

Mae

,

Pool

#MA4255

.......................................

2.00

2/1/51

272

29

Fannie

Mae

,

Pool

#MA4093

.......................................

2.00

8/1/40

24

39

Fannie

Mae

,

Pool

#MA4071

.......................................

2.00

7/1/40

33

321

Fannie

Mae

,

Pool

#CA7225

.......................................

2.00

10/1/50

256

251

Fannie

Mae

,

Pool

#FS0355

........................................

2.00

9/1/51

199

206

Fannie

Mae

,

Pool

#FM4039

.......................................

2.00

10/1/35

184

143

Fannie

Mae

,

Pool

#BP6626

........................................

2.00

8/1/50

114

352

Fannie

Mae

,

Pool

#MA4128

.......................................

2.00

9/1/40

298

86

Fannie

Mae

,

Pool

#FS0317

........................................

2.00

2/1/42

72

164

Fannie

Mae

,

Pool

#MA4176

.......................................

2.00

11/1/40

139

304

Fannie

Mae

,

Pool

#CA7224

.......................................

2.00

10/1/50

242

296

Fannie

Mae

,

Pool

#CA9183

.......................................

2.00

2/1/36

265

310

Fannie

Mae

,

Pool

#MA4403

.......................................

2.00

8/1/36

275

269

Fannie

Mae

,

Pool

#FM3755

.......................................

2.00

9/1/35

240

382

Fannie

Mae

,

Pool

#CA8110

.......................................

2.00

12/1/50

305

389

Fannie

Mae

,

Pool

#CB1620

.......................................

2.00

9/1/51

311

409

Fannie

Mae

,

Pool

#FM9704

.......................................

2.00

12/1/51

326

479

Fannie

Mae

,

Pool

#BQ5112

.......................................

2.00

11/1/50

381

398

Fannie

Mae

,

Pool

#FM9579

.......................................

2.00

7/1/51

316

442

Fannie

Mae

,

Pool

#FM7411

.......................................

2.00

5/1/51

350

341

Fannie

Mae

,

Pool

#MA4602

.......................................

2.00

5/1/37

302

419

Fannie

Mae

,

Pool

#MA4536

.......................................

2.00

2/1/37

372

358

Fannie

Mae

,

Pool

#MA4305

.......................................

2.00

4/1/51

284

303

Fannie

Mae

,

Pool

#MA4303

.......................................

2.00

4/1/36

270

129

Fannie

Mae

,

Pool

#MA4287

.......................................

2.00

3/1/41

108

8

Fannie

Mae

,

Pool

#CA0052

.......................................

2.00

7/1/32

8

438

Fannie

Mae

,

Pool

#MA4158

.......................................

2.00

10/1/50

347

165

HC

CAPITAL

TRUST

The

U.S.

Mortgage/Asset

Backed

Fixed

Income

Securities

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Principal

Amount  

(000)

Security

Description

Rate

%

Maturity  

Date

Value

(000)

U.S.

Government

Agency

Mortgages

(continued)

$

205

Fannie

Mae

,

Pool

#CA8118

.......................................

2.00

12/1/50

$

164

412

Fannie

Mae

,

Pool

#FM9441

.......................................

2.00

4/1/51

327

481

Fannie

Mae

,

Pool

#FM4788

.......................................

2.00

11/1/50

384

40

Fannie

Mae

,

Pool

#FM9724

.......................................

2.00

11/1/36

35

12

Fannie

Mae

,

Pool

#BJ4362

........................................

2.00

11/1/32

11

220

Fannie

Mae

,

Pool

#MA4437

.......................................

2.00

10/1/51

174

287

Fannie

Mae

,

Pool

#BU7103

.......................................

2.00

12/1/51

228

107

Fannie

Mae

,

Pool

#MA4155

.......................................

2.00

10/1/35

96

446

Fannie

Mae

,

Pool

#BK8461

.......................................

2.00

1/1/51

355

313

Fannie

Mae

,

Pool

#BP9370

........................................

2.00

7/1/50

250

449

Fannie

Mae

,

Pool

#CA9273

.......................................

2.00

2/1/51

359

233

Fannie

Mae

,

Pool

#MA4119

.......................................

2.00

9/1/50

185

13

Fannie

Mae

,

Pool

#AS0001

........................................

2.00

7/1/28

12

319

Fannie

Mae

,

Pool

#BQ7777

.......................................

2.00

3/1/36

284

244

Fannie

Mae

,

Pool

#MA4355

.......................................

2.00

6/1/51

194

344

Fannie

Mae

,

Pool

#BQ3004

.......................................

2.00

10/1/50

274

349

Fannie

Mae

,

Pool

#MA4281

.......................................

2.00

3/1/51

276

350

Fannie

Mae

,

Pool

#FM6852

.......................................

2.00

5/1/51

281

141

Fannie

Mae

,

Pool

#MA4204

.......................................

2.00

12/1/40

120

336

Fannie

Mae

,

Pool

#MA4360

.......................................

2.00

6/1/36

299

224

Fannie

Mae

,

Pool

#BR4435

.......................................

2.00

4/1/51

178

260

Fannie

Mae

,

Pool

#FS1621

........................................

2.00

7/1/51

206

430

Fannie

Mae

,

Pool

#CA8252

.......................................

2.00

12/1/45

343

352

Fannie

Mae

,

Pool

#CA8850

.......................................

2.00

2/1/51

280

436

Fannie

Mae

,

Pool

#FS1334

........................................

2.00

11/1/51

347

343

Fannie

Mae

,

Pool

#BQ8341

.......................................

2.00

12/1/50

273

361

Fannie

Mae

,

Pool

#BQ9685

.......................................

2.00

1/1/51

288

66

Fannie

Mae

,

Pool

#AS1058

........................................

2.00

11/1/28

62

224

Fannie

Mae

,

Pool

#MA4325

.......................................

2.00

5/1/51

177

82

Fannie

Mae

,

Pool

#MA4474

.......................................

2.00

11/1/41

69

387

Fannie

Mae

,

Pool

#CA8687

.......................................

2.00

1/1/51

309

353

Fannie

Mae

,

Pool

#FM6555

.......................................

2.00

4/1/51

283

444

Fannie

Mae

,

Pool

#CA8933

.......................................

2.00

2/1/51

356

228

Fannie

Mae

,

Pool

#FM5044

.......................................

2.00

12/1/50

184

120

Fannie

Mae

,

Pool

#FM5453

.......................................

2.00

1/1/41

102

378

Fannie

Mae

,

Pool

#CA7833

.......................................

2.00

11/1/50

304

409

Fannie

Mae

,

Pool

#BT0240

........................................

2.00

9/1/51

325

35

Fannie

Mae

,

Pool

#MA2906

.......................................

2.00

2/1/32

33

61

Fannie

Mae

,

Pool

#BU8781

.......................................

2.00

4/1/37

55

162

Fannie

Mae

,

Pool

#MA4333

.......................................

2.00

5/1/41

137

369

Fannie

Mae

,

Pool

#FM5308

.......................................

2.00

12/1/50

294

286

Fannie

Mae

,

Pool

#CA8955

.......................................

2.50

2/1/51

240

26

Fannie

Mae

,

Pool

#MA3217

.......................................

2.50

12/1/32

25

61

Fannie

Mae

,

Pool

#MA1277

.......................................

2.50

12/1/27

59

220

Fannie

Mae

,

Pool

#CA6074

.......................................

2.50

6/1/50

183

357

Fannie

Mae

,

Pool

#BR7857

.......................................

2.50

5/1/51

297

237

Fannie

Mae

,

Pool

#CA6304

.......................................

2.50

7/1/50

197

391

Fannie

Mae

,

Pool

#FM9033

.......................................

2.50

10/1/51

327

221

Fannie

Mae

,

Pool

#BO4657

.......................................

2.50

11/1/49

184

202

Fannie

Mae

,

Pool

#CA8132

.......................................

2.50

12/1/50

169

24

Fannie

Mae

,

Pool

#MA4016

.......................................

2.50

5/1/40

21

60

Fannie

Mae

,

Pool

#MA4053

.......................................

2.50

6/1/35

55

79

Fannie

Mae

,

Pool

#MA3154

.......................................

2.50

10/1/32

74

84

Fannie

Mae

,

Pool

#MA3827

.......................................

2.50

11/1/34

78

143

Fannie

Mae

,

Pool

#MA3246

.......................................

2.50

1/1/33

134

43

Fannie

Mae

,

Pool

#MA3764

.......................................

2.50

9/1/34

40

61

Fannie

Mae

,

Pool

#FM3296

.......................................

2.50

5/1/35

55

10

Fannie

Mae

,

Pool

#MA3830

.......................................

2.50

11/1/39

9

62

Fannie

Mae

,

Pool

#MA1210

.......................................

2.50

10/1/27

60

166

HC

CAPITAL

TRUST

The

U.S.

Mortgage/Asset

Backed

Fixed

Income

Securities

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Principal

Amount  

(000)

Security

Description

Rate

%

Maturity  

Date

Value

(000)

U.S.

Government

Agency

Mortgages

(continued)

$

8

Fannie

Mae

,

Pool

#MA1511

.......................................

2.50

7/1/33

$

7

15

Fannie

Mae

,

Pool

#MA1270

.......................................

2.50

11/1/32

14

209

Fannie

Mae

,

Pool

#CB1131

........................................

2.50

7/1/51

173

418

Fannie

Mae

,

Pool

#CB1828

.......................................

2.50

10/1/51

348

111

Fannie

Mae

,

Pool

#MA4099

.......................................

2.50

8/1/35

102

18

Fannie

Mae

,

Pool

#AS0513

........................................

2.50

8/1/43

16

315

Fannie

Mae

,

Pool

#CA8131

.......................................

2.50

12/1/50

264

248

Fannie

Mae

,

Pool

#CA6075

.......................................

2.50

6/1/50

206

52

Fannie

Mae

,

Pool

#AS4946

........................................

2.50

5/1/30

49

7

Fannie

Mae

,

Pool

#MA2888

.......................................

2.50

1/1/47

6

227

Fannie

Mae

,

Pool

#FM2881

.......................................

2.50

4/1/50

191

44

Fannie

Mae

,

Pool

#AS8892

........................................

2.50

2/1/32

40

249

Fannie

Mae

,

Pool

#MA4256

.......................................

2.50

2/1/51

208

278

Fannie

Mae

,

Pool

#FM4638

.......................................

2.50

10/1/50

231

299

Fannie

Mae

,

Pool

#FM4309

.......................................

2.50

9/1/50

250

447

Fannie

Mae

,

Pool

#CB2523

.......................................

2.50

1/1/52

374

18

Fannie

Mae

,

Pool

#BJ3742

........................................

2.50

12/1/32

17

217

Fannie

Mae

,

Pool

#MA4210

.......................................

2.50

12/1/50

181

43

Fannie

Mae

,

Pool

#AU2619

.......................................

2.50

8/1/28

41

170

Fannie

Mae

,

Pool

#MA4414

.......................................

2.50

9/1/51

141

5

Fannie

Mae

,

Pool

#AS8172

........................................

2.50

10/1/36

5

409

Fannie

Mae

,

Pool

#BU1451

.......................................

2.50

1/1/52

340

53

Fannie

Mae

,

Pool

#AP4742

........................................

2.50

8/1/27

51

442

Fannie

Mae

,

Pool

#FM8745

.......................................

2.50

9/1/51

366

137

Fannie

Mae

,

Pool

#BQ0329

.......................................

2.50

7/1/50

115

226

Fannie

Mae

,

Pool

#BP5878

........................................

2.50

6/1/50

189

26

Fannie

Mae

,

Pool

#MA3801

.......................................

2.50

10/1/49

22

21

Fannie

Mae

,

Pool

#FM9543

.......................................

2.50

12/1/51

17

12

Fannie

Mae

,

Pool

#AS8437

........................................

2.50

12/1/36

11

235

Fannie

Mae

,

Pool

#MA4096

.......................................

2.50

8/1/50

196

231

Fannie

Mae

,

Pool

#MA4159

.......................................

2.50

10/1/50

194

174

Fannie

Mae

,

Pool

#MA4183

.......................................

2.50

11/1/50

146

43

Fannie

Mae

,

Pool

#AO3019

.......................................

2.50

5/1/27

41

48

Fannie

Mae

,

Pool

#BE3032

........................................

2.50

1/1/32

44

18

Fannie

Mae

,

Pool

#MA3737

.......................................

2.50

8/1/34

17

146

Fannie

Mae

,

Pool

#MA2730

.......................................

2.50

8/1/46

124

8

Fannie

Mae

,

Pool

#MA3788

.......................................

2.50

9/1/39

7

256

Fannie

Mae

,

Pool

#FM3494

.......................................

2.50

4/1/48

218

13

Fannie

Mae

,

Pool

#AZ6458

.......................................

2.50

7/1/30

12

46

Fannie

Mae

,

Pool

#AU6387

.......................................

2.50

11/1/28

44

386

Fannie

Mae

,

Pool

#BU5917

.......................................

2.50

12/1/51

325

316

Fannie

Mae

,

Pool

#MA4517

.......................................

2.50

1/1/37

288

95

Fannie

Mae

,

Pool

#MA3765

.......................................

2.50

9/1/49

80

8

Fannie

Mae

,

Pool

#MA2854

.......................................

2.50

12/1/46

7

449

Fannie

Mae

,

Pool

#CA9289

.......................................

2.50

2/1/51

373

210

Fannie

Mae

,

Pool

#FM3027

.......................................

2.50

12/1/46

175

20

Fannie

Mae

,

Pool

#CB2979

.......................................

2.50

2/1/37

18

391

Fannie

Mae

,

Pool

#FM8997

.......................................

2.50

10/1/51

327

70

Fannie

Mae

,

Pool

#AB7391

.......................................

2.50

12/1/42

61

21

Fannie

Mae

,

Pool

#MA3282

.......................................

2.50

2/1/33

20

32

Fannie

Mae

,

Pool

#AS8246

........................................

2.50

11/1/31

29

274

Fannie

Mae

,

Pool

#FM3878

.......................................

2.50

7/1/50

232

282

Fannie

Mae

,

Pool

#CA7237

.......................................

2.50

10/1/50

236

310

Fannie

Mae

,

Pool

#MA4541

.......................................

2.50

2/1/42

267

18

Fannie

Mae

,

Pool

#AS4660

........................................

2.50

3/1/30

17

28

Fannie

Mae

,

Pool

#AT2717

........................................

2.50

5/1/43

25

59

Fannie

Mae

,

Pool

#MA3965

.......................................

2.50

3/1/40

52

27

Fannie

Mae

,

Pool

#BJ3944

........................................

2.50

1/1/33

25

390

Fannie

Mae

,

Pool

#CB1556

.......................................

2.50

9/1/51

326

167

HC

CAPITAL

TRUST

The

U.S.

Mortgage/Asset

Backed

Fixed

Income

Securities

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Principal

Amount  

(000)

Security

Description

Rate

%

Maturity  

Date

Value

(000)

U.S.

Government

Agency

Mortgages

(continued)

$

44

Fannie

Mae

,

Pool

#MA3955

.......................................

2.50

3/1/35

$

40

376

Fannie

Mae

,

Pool

#MA4399

.......................................

2.50

8/1/51

313

23

Fannie

Mae

,

Pool

#AU5334

.......................................

2.50

11/1/28

22

405

Fannie

Mae

,

Pool

#FS0030

........................................

2.50

4/1/51

336

454

Fannie

Mae

,

Pool

#FS0235

........................................

2.50

1/1/52

377

43

Fannie

Mae

,

Pool

#MA3896

.......................................

2.50

1/1/35

40

320

Fannie

Mae

,

Pool

#BQ5110

.......................................

2.50

11/1/50

268

224

Fannie

Mae

,

Pool

#BK2588

.......................................

2.50

5/1/50

187

44

Fannie

Mae

,

Pool

#FS0547

........................................

2.50

2/1/52

37

109

Fannie

Mae

,

Pool

#FS1340

........................................

2.50

3/1/52

91

384

Fannie

Mae

,

Pool

#CB0415

.......................................

2.50

5/1/51

320

134

Fannie

Mae

,

Pool

#MA3990

.......................................

2.50

4/1/50

112

233

Fannie

Mae

,

Pool

#MA4078

.......................................

2.50

7/1/50

195

53

Fannie

Mae

,

Pool

#BC9041

.......................................

2.50

11/1/31

49

4

Fannie

Mae

,

Pool

#MA2789

.......................................

2.50

10/1/36

4

136

Fannie

Mae

,

Pool

#MA3902

.......................................

2.50

1/1/50

114

16

Fannie

Mae

,

Pool

#MA2868

.......................................

2.50

1/1/32

15

409

Fannie

Mae

,

Pool

#CB1784

.......................................

2.50

10/1/51

338

241

Fannie

Mae

,

Pool

#FM4231

.......................................

2.50

9/1/50

200

121

Fannie

Mae

,

Pool

#MA4075

.......................................

2.50

7/1/35

111

100

Fannie

Mae

,

Pool

#MA3871

.......................................

3.00

12/1/49

86

80

Fannie

Mae

,

Pool

#MA2895

.......................................

3.00

2/1/47

71

20

Fannie

Mae

,

Pool

#CA5423

.......................................

3.00

3/1/50

18

61

Fannie

Mae

,

Pool

#BD5545

.......................................

3.00

10/1/46

54

15

Fannie

Mae

,

Pool

#MA2579

.......................................

3.00

4/1/36

14

10

Fannie

Mae

,

Pool

#MA1058

.......................................

3.00

5/1/32

9

356

Fannie

Mae

,

Pool

#CB2759

.......................................

3.00

2/1/52

307

30

Fannie

Mae

,

Pool

#MA2773

.......................................

3.00

10/1/36

27

76

Fannie

Mae

,

Pool

#AS0196

........................................

3.00

8/1/28

72

87

Fannie

Mae

,

Pool

#MA3082

.......................................

3.00

7/1/47

77

63

Fannie

Mae

,

Pool

#AS4884

........................................

3.00

5/1/45

56

71

Fannie

Mae

,

Pool

#MA2833

.......................................

3.00

12/1/46

63

89

Fannie

Mae

,

Pool

#MA2806

.......................................

3.00

11/1/46

78

39

Fannie

Mae

,

Pool

#BE4400

........................................

3.00

1/1/47

34

230

Fannie

Mae

,

Pool

#FS1374

........................................

3.00

3/1/52

198

9

Fannie

Mae

,

Pool

#MA3218

.......................................

3.00

12/1/32

9

108

Fannie

Mae

,

Pool

#MA2737

.......................................

3.00

9/1/46

94

183

Fannie

Mae

,

Pool

#MA4579

.......................................

3.00

4/1/52

158

49

Fannie

Mae

,

Pool

#MA3179

.......................................

3.00

11/1/47

43

15

Fannie

Mae

,

Pool

#MA2961

.......................................

3.00

4/1/37

14

4

Fannie

Mae

,

Pool

#MA3100

.......................................

3.00

8/1/37

4

9

Fannie

Mae

,

Pool

#BA4786

.......................................

3.00

2/1/31

9

20

Fannie

Mae

,

Pool

#AS2312

........................................

3.00

5/1/29

19

87

Fannie

Mae

,

Pool

#BC9003

.......................................

3.00

11/1/46

77

16

Fannie

Mae

,

Pool

#AS3117

........................................

3.00

8/1/29

15

24

Fannie

Mae

,

Pool

#BD5076

.......................................

3.00

2/1/32

23

11

Fannie

Mae

,

Pool

#MA2087

.......................................

3.00

11/1/34

10

25

Fannie

Mae

,

Pool

#AS8483

........................................

3.00

12/1/46

22

26

Fannie

Mae

,

Pool

#AL8861

.......................................

3.00

7/1/31

24

23

Fannie

Mae

,

Pool

#MA2149

.......................................

3.00

1/1/30

22

5

Fannie

Mae

,

Pool

#AK0006

.......................................

3.00

1/1/27

5

71

Fannie

Mae

,

Pool

#MA3106

.......................................

3.00

8/1/47

62

21

Fannie

Mae

,

Pool

#MA1338

.......................................

3.00

2/1/33

20

89

Fannie

Mae

,

Pool

#BC4764

.......................................

3.00

10/1/46

78

26

Fannie

Mae

,

Pool

#AB4483

.......................................

3.00

2/1/27

25

7

Fannie

Mae

,

Pool

#MA2065

.......................................

3.00

10/1/34

7

63

Fannie

Mae

,

Pool

#AY4829

.......................................

3.00

5/1/45

56

60

Fannie

Mae

,

Pool

#AS4333

........................................

3.00

1/1/45

53

128

Fannie

Mae

,

Pool

#BD2446

.......................................

3.00

1/1/47

113

168

HC

CAPITAL

TRUST

The

U.S.

Mortgage/Asset

Backed

Fixed

Income

Securities

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Principal

Amount  

(000)

Security

Description

Rate

%

Maturity  

Date

Value

(000)

U.S.

Government

Agency

Mortgages

(continued)

$

29

Fannie

Mae

,

Pool

#MA3744

.......................................

3.00

8/1/49

$

26

6

Fannie

Mae

,

Pool

#MA3802

.......................................

3.00

10/1/49

5

108

Fannie

Mae

,

Pool

#AB8897

.......................................

3.00

4/1/43

97

12

Fannie

Mae

,

Pool

#AR7426

.......................................

3.00

7/1/43

11

14

Fannie

Mae

,

Pool

#AS4334

........................................

3.00

1/1/45

13

21

Fannie

Mae

,

Pool

#MA3304

.......................................

3.00

3/1/48

18

98

Fannie

Mae

,

Pool

#MA1307

.......................................

3.00

1/1/33

90

28

Fannie

Mae

,

Pool

#MA2523

.......................................

3.00

2/1/36

26

397

Fannie

Mae

,

Pool

#CB3172

.......................................

3.00

3/1/52

342

53

Fannie

Mae

,

Pool

#AK3302

.......................................

3.00

3/1/27

50

16

Fannie

Mae

,

Pool

#BM1370

.......................................

3.00

4/1/37

15

301

Fannie

Mae

,

Pool

#AB7099

.......................................

3.00

11/1/42

268

42

Fannie

Mae

,

Pool

#MA3147

.......................................

3.00

10/1/47

37

16

Fannie

Mae

,

Pool

#MA2832

.......................................

3.00

12/1/36

15

73

Fannie

Mae

,

Pool

#AS8784

........................................

3.00

2/1/47

64

197

Fannie

Mae

,

Pool

#AO0752

.......................................

3.00

4/1/42

176

246

Fannie

Mae

,

Pool

#BU1241

.......................................

3.00

3/1/52

212

187

Fannie

Mae

,

Pool

#FS0831

........................................

3.00

3/1/52

162

335

Fannie

Mae

,

Pool

#FS2122

........................................

3.00

3/1/52

290

28

Fannie

Mae

,

Pool

#MA2425

.......................................

3.00

10/1/30

27

139

Fannie

Mae

,

Pool

#AP2465

........................................

3.00

8/1/42

124

13

Fannie

Mae

,

Pool

#MA3185

.......................................

3.00

11/1/37

12

432

Fannie

Mae

,

Pool

#CB2755

.......................................

3.00

2/1/52

374

19

Fannie

Mae

,

Pool

#MA3247

.......................................

3.00

1/1/33

18

15

Fannie

Mae

,

Pool

#AT1575

........................................

3.00

5/1/43

14

441

Fannie

Mae

,

Pool

#CA5229

.......................................

3.00

2/1/50

381

429

Fannie

Mae

,

Pool

#CB2756

.......................................

3.00

2/1/52

373

169

Fannie

Mae

,

Pool

#AP6493

........................................

3.00

9/1/42

151

311

Fannie

Mae

,

Pool

#AQ7920

.......................................

3.00

12/1/42

277

24

Fannie

Mae

,

Pool

#AS8438

........................................

3.00

12/1/36

22

404

Fannie

Mae

,

Pool

#BU8883

.......................................

3.00

3/1/52

349

352

Fannie

Mae

,

Pool

#AP6375

........................................

3.00

9/1/42

314

54

Fannie

Mae

,

Pool

#FM1552

.......................................

3.00

12/1/47

47

79

Fannie

Mae

,

Pool

#MA3774

.......................................

3.00

9/1/49

69

6

Fannie

Mae

,

Pool

#AX8309

.......................................

3.00

11/1/29

6

76

Fannie

Mae

,

Pool

#AU3735

.......................................

3.00

8/1/43

68

8

Fannie

Mae

,

Pool

#AZ4358

.......................................

3.00

7/1/30

7

9

Fannie

Mae

,

Pool

#MA3078

.......................................

3.00

7/1/37

8

110

Fannie

Mae

,

Pool

#AS7904

........................................

3.00

9/1/46

97

163

Fannie

Mae

,

Pool

#BP1932

........................................

3.00

4/1/50

141

35

Fannie

Mae

,

Pool

#MA3127

.......................................

3.00

9/1/37

32

52

Fannie

Mae

,

Pool

#CA5519

.......................................

3.00

4/1/50

45

4

Fannie

Mae

,

Pool

#FM1585

.......................................

3.00

9/1/49

3

162

Fannie

Mae

,

Pool

#MA4048

.......................................

3.00

6/1/50

141

24

Fannie

Mae

,

Pool

#MA3331

.......................................

3.00

4/1/48

21

41

Fannie

Mae

,

Pool

#AS7908

........................................

3.00

9/1/46

36

16

Fannie

Mae

,

Pool

#AW8295

.......................................

3.00

8/1/29

15

5

Fannie

Mae

,

Pool

#BA0826

.......................................

3.00

10/1/30

5

72

Fannie

Mae

,

Pool

#BD4225

.......................................

3.00

11/1/46

64

118

Fannie

Mae

,

Pool

#AT0682

........................................

3.00

4/1/43

106

28

Fannie

Mae

,

Pool

#AW7383

.......................................

3.00

8/1/29

26

25

Fannie

Mae

,

Pool

#AL9996

.......................................

3.00

4/1/32

24

17

Fannie

Mae

,

Pool

#AQ3223

.......................................

3.00

11/1/27

17

113

Fannie

Mae

,

Pool

#BO2201

.......................................

3.00

9/1/49

99

66

Fannie

Mae

,

Pool

#MA3960

.......................................

3.00

3/1/50

57

37

Fannie

Mae

,

Pool

#AS8186

........................................

3.00

10/1/46

33

47

Fannie

Mae

,

Pool

#AY4200

.......................................

3.00

5/1/45

42

40

Fannie

Mae

,

Pool

#AS1527

........................................

3.00

1/1/29

38

9

Fannie

Mae

,

Pool

#MA2287

.......................................

3.00

6/1/35

8

169

HC

CAPITAL

TRUST

The

U.S.

Mortgage/Asset

Backed

Fixed

Income

Securities

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Principal

Amount  

(000)

Security

Description

Rate

%

Maturity  

Date

Value

(000)

U.S.

Government

Agency

Mortgages

(continued)

$

18

Fannie

Mae

,

Pool

#AU7890

.......................................

3.00

9/1/28

$

18

32

Fannie

Mae

,

Pool

#AZ0538

.......................................

3.00

9/1/30

30

22

Fannie

Mae

,

Pool

#AS8424

........................................

3.00

12/1/36

20

16

Fannie

Mae

,

Pool

#MA3897

.......................................

3.00

1/1/35

15

129

Fannie

Mae

,

Pool

#BP6466

........................................

3.00

7/1/50

112

109

Fannie

Mae

,

Pool

#AL9865

.......................................

3.00

2/1/47

96

37

Fannie

Mae

,

Pool

#BO9169

.......................................

3.00

12/1/49

32

72

Fannie

Mae

,

Pool

#BO7242

.......................................

3.00

1/1/50

63

18

Fannie

Mae

,

Pool

#MA3958

.......................................

3.00

3/1/40

17

93

Fannie

Mae

,

Pool

#CA5729

.......................................

3.00

5/1/50

80

35

Fannie

Mae

,

Pool

#CA3754

.......................................

3.00

6/1/34

33

18

Fannie

Mae

,

Pool

#BJ2996

........................................

3.00

1/1/33

17

103

Fannie

Mae

,

Pool

#MA3937

.......................................

3.00

2/1/50

90

109

Fannie

Mae

,

Pool

#MA4079

.......................................

3.00

7/1/50

95

33

Fannie

Mae

,

Pool

#MA3991

.......................................

3.00

4/1/50

28

31

Fannie

Mae

,

Pool

#FM4317

.......................................

3.00

9/1/50

27

131

Fannie

Mae

,

Pool

#CA5668

.......................................

3.00

5/1/50

113

42

Fannie

Mae

,

Pool

#MA1401

.......................................

3.00

4/1/33

40

19

Fannie

Mae

,

Pool

#MA3237

.......................................

3.00

1/1/48

17

21

Fannie

Mae

,

Pool

#CA4860

.......................................

3.00

12/1/49

19

106

Fannie

Mae

,

Pool

#AS8414

........................................

3.00

11/1/46

93

20

Fannie

Mae

,

Pool

#MA3339

.......................................

3.00

4/1/33

19

100

Fannie

Mae

,

Pool

#BO8947

.......................................

3.00

1/1/50

88

365

Fannie

Mae

,

Pool

#CB3364

.......................................

3.00

4/1/52

315

12

Fannie

Mae

,

Pool

#MA2897

.......................................

3.00

2/1/37

11

6

Fannie

Mae

,

Pool

#AL9848

.......................................

3.00

3/1/47

6

5

Fannie

Mae

,

Pool

#MA3738

.......................................

3.00

8/1/34

5

11

Fannie

Mae

,

Pool

#AS8056

........................................

3.00

10/1/46

10

47

Fannie

Mae

,

Pool

#AS7238

........................................

3.00

5/1/46

42

107

Fannie

Mae

,

Pool

#MA3905

.......................................

3.00

1/1/50

94

116

Fannie

Mae

,

Pool

#AT7620

........................................

3.00

6/1/43

105

134

Fannie

Mae

,

Pool

#BO6219

.......................................

3.00

12/1/49

117

15

Fannie

Mae

,

Pool

#BK1015

.......................................

3.00

2/1/33

14

74

Fannie

Mae

,

Pool

#AS8276

........................................

3.00

11/1/46

66

21

Fannie

Mae

,

Pool

#MA3090

.......................................

3.00

8/1/32

20

44

Fannie

Mae

,

Pool

#MA1527

.......................................

3.00

8/1/33

41

69

Fannie

Mae

,

Pool

#MA2246

.......................................

3.00

4/1/30

65

26

Fannie

Mae

,

Pool

#MA2230

.......................................

3.00

4/1/35

24

198

Fannie

Mae

,

Pool

#MA3834

.......................................

3.00

11/1/49

173

7

Fannie

Mae

,

Pool

#MA3657

.......................................

3.00

5/1/34

7

23

Fannie

Mae

,

Pool

#MA3934

.......................................

3.00

2/1/40

21

63

Fannie

Mae

,

Pool

#BE1901

........................................

3.00

12/1/46

55

15

Fannie

Mae

,

Pool

#BC4276

.......................................

3.00

4/1/46

13

24

Fannie

Mae

,

Pool

#MA3060

.......................................

3.00

7/1/32

23

74

Fannie

Mae

,

Pool

#MA2863

.......................................

3.00

1/1/47

65

16

Fannie

Mae

,

Pool

#BE9547

........................................

3.00

4/1/47

15

98

Fannie

Mae

,

Pool

#AT2014

........................................

3.00

4/1/43

88

20

Fannie

Mae

,

Pool

#BE3861

........................................

3.00

1/1/47

18

21

Fannie

Mae

,

Pool

#MA3631

.......................................

3.00

4/1/34

20

36

Fannie

Mae

,

Pool

#CA3788

.......................................

3.00

7/1/49

32

28

Fannie

Mae

,

Pool

#MA3831

.......................................

3.00

11/1/39

26

88

Fannie

Mae

,

Pool

#BN7703

.......................................

3.00

8/1/49

77

115

Fannie

Mae

,

Pool

#FM1370

.......................................

3.00

4/1/46

102

65

Fannie

Mae

,

Pool

#FM1134

.......................................

3.00

4/1/48

57

184

Fannie

Mae

,

Pool

#FM3395

.......................................

3.00

6/1/50

160

54

Fannie

Mae

,

Pool

#FM2132

.......................................

3.00

1/1/50

46

94

Fannie

Mae

,

Pool

#BO3192

.......................................

3.00

10/1/49

82

117

Fannie

Mae

,

Pool

#MA2956

.......................................

3.00

4/1/47

104

145

Fannie

Mae

,

Pool

#MA4020

.......................................

3.00

5/1/50

126

170

HC

CAPITAL

TRUST

The

U.S.

Mortgage/Asset

Backed

Fixed

Income

Securities

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Principal

Amount  

(000)

Security

Description

Rate

%

Maturity  

Date

Value

(000)

U.S.

Government

Agency

Mortgages

(continued)

$

42

Fannie

Mae

,

Pool

#BD5787

.......................................

3.00

9/1/46

$

37

53

Fannie

Mae

,

Pool

#AS8521

........................................

3.00

12/1/46

47

17

Fannie

Mae

,

Pool

#MA3692

.......................................

3.50

7/1/49

16

47

Fannie

Mae

,

Pool

#AZ9576

.......................................

3.50

12/1/45

43

51

Fannie

Mae

,

Pool

#AU3742

.......................................

3.50

8/1/43

47

41

Fannie

Mae

,

Pool

#AO9140

.......................................

3.50

7/1/42

38

97

Fannie

Mae

,

Pool

#AO3760

.......................................

3.50

5/1/42

89

22

Fannie

Mae

,

Pool

#MA3494

.......................................

3.50

10/1/48

20

45

Fannie

Mae

,

Pool

#BM5485

.......................................

3.50

2/1/49

41

4

Fannie

Mae

,

Pool

#AL8776

.......................................

3.50

7/1/46

3

36

Fannie

Mae

,

Pool

#AY3802

.......................................

3.50

2/1/45

34

24

Fannie

Mae

,

Pool

#AY8856

.......................................

3.50

9/1/45

22

51

Fannie

Mae

,

Pool

#FM3387

.......................................

3.50

3/1/35

49

76

Fannie

Mae

,

Pool

#BM4703

.......................................

3.50

2/1/48

69

40

Fannie

Mae

,

Pool

#AS7239

........................................

3.50

5/1/46

36

48

Fannie

Mae

,

Pool

#MA3057

.......................................

3.50

7/1/47

44

34

Fannie

Mae

,

Pool

#AY3913

.......................................

3.50

2/1/45

32

67

Fannie

Mae

,

Pool

#FM1911

.......................................

3.50

7/1/48

62

24

Fannie

Mae

,

Pool

#MA3775

.......................................

3.50

9/1/49

22

72

Fannie

Mae

,

Pool

#BC1158

........................................

3.50

2/1/46

65

23

Fannie

Mae

,

Pool

#AZ2614

.......................................

3.50

8/1/45

21

53

Fannie

Mae

,

Pool

#AO4385

.......................................

3.50

6/1/42

49

15

Fannie

Mae

,

Pool

#MA3637

.......................................

3.50

4/1/49

13

18

Fannie

Mae

,

Pool

#CA1191

.......................................

3.50

11/1/47

16

9

Fannie

Mae

,

Pool

#MA2692

.......................................

3.50

7/1/36

8

59

Fannie

Mae

,

Pool

#MA2125

.......................................

3.50

12/1/44

53

34

Fannie

Mae

,

Pool

#BC3126

.......................................

3.50

1/1/46

31

3

Fannie

Mae

,

Pool

#AX0159

.......................................

3.50

9/1/29

3

22

Fannie

Mae

,

Pool

#BC7633

.......................................

3.50

6/1/46

20

74

Fannie

Mae

,

Pool

#AZ0862

.......................................

3.50

7/1/45

68

70

Fannie

Mae

,

Pool

#MA3520

.......................................

3.50

11/1/48

64

122

Fannie

Mae

,

Pool

#AQ0546

.......................................

3.50

11/1/42

113

74

Fannie

Mae

,

Pool

#FM1543

.......................................

3.50

11/1/48

67

37

Fannie

Mae

,

Pool

#AS6649

........................................

3.50

2/1/46

33

45

Fannie

Mae

,

Pool

#AS7388

........................................

3.50

6/1/46

41

36

Fannie

Mae

,

Pool

#FM0020

.......................................

3.50

7/1/49

32

5

Fannie

Mae

,

Pool

#310139

........................................

3.50

11/1/25

5

17

Fannie

Mae

,

Pool

#FS1774

........................................

3.50

5/1/37

16

41

Fannie

Mae

,

Pool

#AX2486

.......................................

3.50

10/1/44

38

68

Fannie

Mae

,

Pool

#MA3238

.......................................

3.50

1/1/48

62

55

Fannie

Mae

,

Pool

#CA0487

.......................................

3.50

10/1/47

50

8

Fannie

Mae

,

Pool

#MA3906

.......................................

3.50

1/1/50

7

23

Fannie

Mae

,

Pool

#AX5201

.......................................

3.50

10/1/29

22

5

Fannie

Mae

,

Pool

#BM5446

.......................................

3.50

2/1/49

5

21

Fannie

Mae

,

Pool

#AP9390

........................................

3.50

10/1/42

19

56

Fannie

Mae

,

Pool

#MA3745

.......................................

3.50

8/1/49

51

307

Fannie

Mae

,

Pool

#AO2548

.......................................

3.50

4/1/42

284

4

Fannie

Mae

,

Pool

#MA2996

.......................................

3.50

5/1/37

4

8

Fannie

Mae

,

Pool

#CA0234

.......................................

3.50

8/1/47

8

255

Fannie

Mae

,

Pool

#AO8137

.......................................

3.50

8/1/42

236

4

Fannie

Mae

,

Pool

#AV6407

.......................................

3.50

2/1/29

4

11

Fannie

Mae

,

Pool

#MA3835

.......................................

3.50

11/1/49

10

56

Fannie

Mae

,

Pool

#MA3663

.......................................

3.50

5/1/49

51

54

Fannie

Mae

,

Pool

#MA1982

.......................................

3.50

8/1/34

51

8

Fannie

Mae

,

Pool

#MA3152

.......................................

3.50

10/1/37

7

50

Fannie

Mae

,

Pool

#AY5303

.......................................

3.50

3/1/45

46

49

Fannie

Mae

,

Pool

#MA3332

.......................................

3.50

4/1/48

45

19

Fannie

Mae

,

Pool

#MA3614

.......................................

3.50

3/1/49

17

19

Fannie

Mae

,

Pool

#BA1893

.......................................

3.50

8/1/45

17

171

HC

CAPITAL

TRUST

The

U.S.

Mortgage/Asset

Backed

Fixed

Income

Securities

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Principal

Amount  

(000)

Security

Description

Rate

%

Maturity  

Date

Value

(000)

U.S.

Government

Agency

Mortgages

(continued)

$

22

Fannie

Mae

,

Pool

#AX7655

.......................................

3.50

1/1/45

$

20

114

Fannie

Mae

,

Pool

#MA3276

.......................................

3.50

2/1/48

104

67

Fannie

Mae

,

Pool

#MA1107

.......................................

3.50

7/1/32

64

47

Fannie

Mae

,

Pool

#AO4647

.......................................

3.50

6/1/42

43

32

Fannie

Mae

,

Pool

#BE5258

........................................

3.50

1/1/47

29

23

Fannie

Mae

,

Pool

#BC0163

.......................................

3.50

1/1/46

22

229

Fannie

Mae

,

Pool

#CB3601

.......................................

3.50

5/1/52

206

42

Fannie

Mae

,

Pool

#AS4773

........................................

3.50

4/1/45

38

1

Fannie

Mae

,

Pool

#BA5031

.......................................

3.50

1/1/46

1

11

Fannie

Mae

,

Pool

#MA2495

.......................................

3.50

1/1/46

10

36

Fannie

Mae

,

Pool

#AS5068

........................................

3.50

6/1/45

33

53

Fannie

Mae

,

Pool

#AS4771

........................................

3.50

4/1/45

49

15

Fannie

Mae

,

Pool

#AJ4093

........................................

3.50

10/1/26

15

46

Fannie

Mae

,

Pool

#MA1980

.......................................

3.50

8/1/44

42

15

Fannie

Mae

,

Pool

#AE0981

.......................................

3.50

3/1/41

14

29

Fannie

Mae

,

Pool

#AS5319

........................................

3.50

7/1/45

26

89

Fannie

Mae

,

Pool

#AU1635

.......................................

3.50

7/1/43

81

95

Fannie

Mae

,

Pool

#BH9277

.......................................

3.50

2/1/48

87

51

Fannie

Mae

,

Pool

#MA3414

.......................................

3.50

7/1/48

46

26

Fannie

Mae

,

Pool

#BJ0647

........................................

3.50

3/1/48

23

77

Fannie

Mae

,

Pool

#AS3133

........................................

3.50

8/1/44

71

7

Fannie

Mae

,

Pool

#AS2081

........................................

3.50

4/1/29

7

56

Fannie

Mae

,

Pool

#AL1717

.......................................

3.50

5/1/27

53

53

Fannie

Mae

,

Pool

#AX9530

.......................................

3.50

2/1/45

49

7

Fannie

Mae

,

Pool

#MA3634

.......................................

3.50

4/1/39

7

57

Fannie

Mae

,

Pool

#FM1001

.......................................

3.50

11/1/48

52

55

Fannie

Mae

,

Pool

#FM1566

.......................................

3.50

11/1/48

50

41

Fannie

Mae

,

Pool

#FM1028

.......................................

3.50

6/1/49

37

63

Fannie

Mae

,

Pool

#BM2000

.......................................

3.50

5/1/47

57

8

Fannie

Mae

,

Pool

#AE5487

.......................................

3.50

10/1/25

7

8

Fannie

Mae

,

Pool

#MA3059

.......................................

3.50

7/1/37

7

131

Fannie

Mae

,

Pool

#BP1947

........................................

3.50

4/1/50

119

65

Fannie

Mae

,

Pool

#MA3305

.......................................

3.50

3/1/48

59

91

Fannie

Mae

,

Pool

#BD2436

.......................................

3.50

1/1/47

83

5

Fannie

Mae

,

Pool

#MA2909

.......................................

3.50

2/1/37

5

25

Fannie

Mae

,

Pool

#AS4772

........................................

3.50

4/1/45

23

342

Fannie

Mae

,

Pool

#BU8723

.......................................

3.50

6/1/52

307

70

Fannie

Mae

,

Pool

#MA2292

.......................................

3.50

6/1/45

65

43

Fannie

Mae

,

Pool

#AY4300

.......................................

3.50

1/1/45

39

465

Fannie

Mae

,

Pool

#MA4600

.......................................

3.50

5/1/52

417

68

Fannie

Mae

,

Pool

#AY1306

.......................................

3.50

3/1/45

63

41

Fannie

Mae

,

Pool

#BE3767

........................................

3.50

7/1/47

37

248

Fannie

Mae

,

Pool

#AB6017

.......................................

3.50

8/1/42

229

79

Fannie

Mae

,

Pool

#BH5155

.......................................

3.50

9/1/47

72

26

Fannie

Mae

,

Pool

#AZ6383

.......................................

3.50

9/1/45

24

48

Fannie

Mae

,

Pool

#AS7491

........................................

3.50

7/1/46

44

24

Fannie

Mae

,

Pool

#MA2923

.......................................

3.50

3/1/37

23

56

Fannie

Mae

,

Pool

#AS0024

........................................

3.50

7/1/43

51

76

Fannie

Mae

,

Pool

#BH9215

.......................................

3.50

1/1/48

69

3

Fannie

Mae

,

Pool

#AJ6181

........................................

3.50

12/1/26

3

6

Fannie

Mae

,

Pool

#AK0706

.......................................

3.50

2/1/27

6

17

Fannie

Mae

,

Pool

#AS5892

........................................

3.50

10/1/45

16

47

Fannie

Mae

,

Pool

#AK7497

.......................................

3.50

4/1/42

43

4

Fannie

Mae

,

Pool

#MA1021

.......................................

3.50

3/1/27

4

376

Fannie

Mae

,

Pool

#MA4654

.......................................

3.50

7/1/52

337

20

Fannie

Mae

,

Pool

#MA3597

.......................................

3.50

2/1/49

18

49

Fannie

Mae

,

Pool

#MA1059

.......................................

3.50

5/1/32

46

57

Fannie

Mae

,

Pool

#BK9038

.......................................

3.50

10/1/33

55

30

Fannie

Mae

,

Pool

#AS5696

........................................

3.50

8/1/45

28

172

HC

CAPITAL

TRUST

The

U.S.

Mortgage/Asset

Backed

Fixed

Income

Securities

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Principal

Amount  

(000)

Security

Description

Rate

%

Maturity  

Date

Value

(000)

U.S.

Government

Agency

Mortgages

(continued)

$

62

Fannie

Mae

,

Pool

#AJ8476

........................................

3.50

12/1/41

$

57

23

Fannie

Mae

,

Pool

#MA2389

.......................................

3.50

9/1/35

21

53

Fannie

Mae

,

Pool

#MA3026

.......................................

3.50

6/1/47

48

6

Fannie

Mae

,

Pool

#BM1231

.......................................

3.50

11/1/31

5

27

Fannie

Mae

,

Pool

#BM2001

.......................................

3.50

12/1/46

25

74

Fannie

Mae

,

Pool

#MA3182

.......................................

3.50

11/1/47

67

23

Fannie

Mae

,

Pool

#MA3462

.......................................

3.50

9/1/33

22

78

Fannie

Mae

,

Pool

#BJ2692

........................................

3.50

4/1/48

71

66

Fannie

Mae

,

Pool

#BD5046

.......................................

3.50

2/1/47

60

146

Fannie

Mae

,

Pool

#BM1568

.......................................

3.50

7/1/47

136

8

Fannie

Mae

,

Pool

#AS2117

........................................

4.00

4/1/44

7

25

Fannie

Mae

,

Pool

#AY1595

.......................................

4.00

1/1/45

24

51

Fannie

Mae

,

Pool

#BJ9169

........................................

4.00

5/1/48

47

60

Fannie

Mae

,

Pool

#BD7081

.......................................

4.00

3/1/47

57

11

Fannie

Mae

,

Pool

#BJ0639

........................................

4.00

3/1/48

10

36

Fannie

Mae

,

Pool

#MA3615

.......................................

4.00

3/1/49

34

50

Fannie

Mae

,

Pool

#BM2002

.......................................

4.00

10/1/47

47

5

Fannie

Mae

,

Pool

#MA2536

.......................................

4.00

2/1/36

5

5

Fannie

Mae

,

Pool

#BM4306

.......................................

4.00

9/1/25

5

24

Fannie

Mae

,

Pool

#BK0915

.......................................

4.00

7/1/48

22

31

Fannie

Mae

,

Pool

#BK9697

.......................................

4.00

12/1/48

29

2

Fannie

Mae

,

Pool

#AL9742

.......................................

4.00

7/1/29

2

85

Fannie

Mae

,

Pool

#AS7558

........................................

4.00

7/1/46

79

7

Fannie

Mae

,

Pool

#MA3413

.......................................

4.00

7/1/38

7

14

Fannie

Mae

,

Pool

#FM1101

.......................................

4.00

7/1/34

14

39

Fannie

Mae

,

Pool

#AV2340

.......................................

4.00

12/1/43

37

13

Fannie

Mae

,

Pool

#BH2623

.......................................

4.00

8/1/47

12

27

Fannie

Mae

,

Pool

#BE8050

........................................

4.00

4/1/47

25

27

Fannie

Mae

,

Pool

#BN0594

.......................................

4.00

12/1/48

25

20

Fannie

Mae

,

Pool

#AY0025

.......................................

4.00

2/1/45

19

24

Fannie

Mae

,

Pool

#BA6910

.......................................

4.00

2/1/46

22

2

Fannie

Mae

,

Pool

#AC2995

.......................................

4.00

9/1/24

2

3

Fannie

Mae

,

Pool

#AE0375

.......................................

4.00

7/1/25

3

31

Fannie

Mae

,

Pool

#AL7347

.......................................

4.00

9/1/45

29

37

Fannie

Mae

,

Pool

#AS8532

........................................

4.00

12/1/46

36

37

Fannie

Mae

,

Pool

#CA1894

.......................................

4.00

6/1/48

35

29

Fannie

Mae

,

Pool

#AS7600

........................................

4.00

7/1/46

27

280

Fannie

Mae

,

Pool

#190405

........................................

4.00

10/1/40

268

19

Fannie

Mae

,

Pool

#MA3244

.......................................

4.00

1/1/38

18

5

Fannie

Mae

,

Pool

#MA2655

.......................................

4.00

6/1/36

5

32

Fannie

Mae

,

Pool

#AS3467

........................................

4.00

10/1/44

30

41

Fannie

Mae

,

Pool

#AS3293

........................................

4.00

9/1/44

39

24

Fannie

Mae

,

Pool

#AS3468

........................................

4.00

10/1/44

23

43

Fannie

Mae

,

Pool

#AS9831

........................................

4.00

6/1/47

40

21

Fannie

Mae

,

Pool

#MA3638

.......................................

4.00

4/1/49

20

6

Fannie

Mae

,

Pool

#AS3448

........................................

4.00

9/1/44

6

14

Fannie

Mae

,

Pool

#MA3592

.......................................

4.00

2/1/49

14

11

Fannie

Mae

,

Pool

#AH3394

.......................................

4.00

1/1/41

10

87

Fannie

Mae

,

Pool

#AH5859

.......................................

4.00

2/1/41

82

2

Fannie

Mae

,

Pool

#AZ8874

.......................................

4.00

9/1/45

1

89

Fannie

Mae

,

Pool

#AZ8067

.......................................

4.00

9/1/45

84

12

Fannie

Mae

,

Pool

#CA2469

.......................................

4.00

10/1/48

11

40

Fannie

Mae

,

Pool

#AX0841

.......................................

4.00

9/1/44

38

20

Fannie

Mae

,

Pool

#AL4778

.......................................

4.00

10/1/32

20

30

Fannie

Mae

,

Pool

#CA0237

.......................................

4.00

8/1/47

28

13

Fannie

Mae

,

Pool

#MA3536

.......................................

4.00

12/1/48

12

36

Fannie

Mae

,

Pool

#BN0334

.......................................

4.00

12/1/48

33

89

Fannie

Mae

,

Pool

#BN6677

.......................................

4.00

6/1/49

84

19

Fannie

Mae

,

Pool

#MA3521

.......................................

4.00

11/1/48

18

173

HC

CAPITAL

TRUST

The

U.S.

Mortgage/Asset

Backed

Fixed

Income

Securities

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Principal

Amount  

(000)

Security

Description

Rate

%

Maturity  

Date

Value

(000)

U.S.

Government

Agency

Mortgages

(continued)

$

35

Fannie

Mae

,

Pool

#BK0909

.......................................

4.00

7/1/48

$

32

59

Fannie

Mae

,

Pool

#MA3746

.......................................

4.00

8/1/49

56

35

Fannie

Mae

,

Pool

#FM1571

.......................................

4.00

12/1/48

33

37

Fannie

Mae

,

Pool

#FM1415

.......................................

4.00

12/1/48

35

53

Fannie

Mae

,

Pool

#MA3027

.......................................

4.00

6/1/47

50

10

Fannie

Mae

,

Pool

#MA0695

.......................................

4.00

4/1/31

10

4

Fannie

Mae

,

Pool

#MA3037

.......................................

4.00

6/1/37

4

49

Fannie

Mae

,

Pool

#MA3121

.......................................

4.00

9/1/47

46

11

Fannie

Mae

,

Pool

#MA3216

.......................................

4.00

12/1/37

10

369

Fannie

Mae

,

Pool

#FS3526

........................................

4.00

12/1/52

343

151

Fannie

Mae

,

Pool

#AJ5303

........................................

4.00

11/1/41

143

5

Fannie

Mae

,

Pool

#AS7028

........................................

4.00

4/1/46

5

147

Fannie

Mae

,

Pool

#AJ7689

........................................

4.00

12/1/41

139

43

Fannie

Mae

,

Pool

#AS9486

........................................

4.00

4/1/47

40

66

Fannie

Mae

,

Pool

#MA2995

.......................................

4.00

5/1/47

62

1

Fannie

Mae

,

Pool

#BA0847

.......................................

4.00

3/1/46

1

48

Fannie

Mae

,

Pool

#FM0021

.......................................

4.00

3/1/49

45

114

Fannie

Mae

,

Pool

#AY1377

.......................................

4.00

4/1/45

108

25

Fannie

Mae

,

Pool

#BC5559

.......................................

4.00

3/1/46

24

54

Fannie

Mae

,

Pool

#MA3211

.......................................

4.00

12/1/47

51

9

Fannie

Mae

,

Pool

#AW5109

.......................................

4.00

8/1/44

8

6

Fannie

Mae

,

Pool

#BM5525

.......................................

4.00

3/1/31

6

52

Fannie

Mae

,

Pool

#CA1015

.......................................

4.00

1/1/48

49

21

Fannie

Mae

,

Pool

#BM4991

.......................................

4.00

9/1/48

19

57

Fannie

Mae

,

Pool

#MA3183

.......................................

4.00

11/1/47

54

20

Fannie

Mae

,

Pool

#BN5258

.......................................

4.00

2/1/49

19

81

Fannie

Mae

,

Pool

#FM5134

.......................................

4.00

1/1/49

76

65

Fannie

Mae

,

Pool

#AO2959

.......................................

4.00

5/1/42

62

20

Fannie

Mae

,

Pool

#AY2291

.......................................

4.00

3/1/45

19

55

Fannie

Mae

,

Pool

#MA3804

.......................................

4.00

10/1/49

51

38

Fannie

Mae

,

Pool

#MA3277

.......................................

4.00

2/1/48

36

67

Fannie

Mae

,

Pool

#BK7943

.......................................

4.00

11/1/48

63

35

Fannie

Mae

,

Pool

#AS7601

........................................

4.00

7/1/46

33

10

Fannie

Mae

,

Pool

#MA2455

.......................................

4.00

11/1/35

10

57

Fannie

Mae

,

Pool

#CA0183

.......................................

4.00

8/1/47

53

20

Fannie

Mae

,

Pool

#CA2474

.......................................

4.00

7/1/48

19

13

Fannie

Mae

,

Pool

#AS8823

........................................

4.00

2/1/47

13

32

Fannie

Mae

,

Pool

#MA3563

.......................................

4.00

1/1/49

30

32

Fannie

Mae

,

Pool

#AW5063

.......................................

4.00

7/1/44

31

41

Fannie

Mae

,

Pool

#MA4797

.......................................

4.00

11/1/37

40

26

Fannie

Mae

,

Pool

#AS3903

........................................

4.00

11/1/44

25

32

Fannie

Mae

,

Pool

#AS2498

........................................

4.00

5/1/44

30

37

Fannie

Mae

,

Pool

#AY8981

.......................................

4.00

8/1/45

35

114

Fannie

Mae

,

Pool

#AJ7857

........................................

4.00

12/1/41

108

5

Fannie

Mae

,

Pool

#AL2689

.......................................

4.00

2/1/27

5

31

Fannie

Mae

,

Pool

#AC7328

.......................................

4.00

12/1/39

30

24

Fannie

Mae

,

Pool

#AH6242

.......................................

4.00

4/1/26

24

51

Fannie

Mae

,

Pool

#MA0641

.......................................

4.00

2/1/31

50

15

Fannie

Mae

,

Pool

#MA0493

.......................................

4.00

8/1/30

15

36

Fannie

Mae

,

Pool

#BM5685

.......................................

4.00

6/1/48

34

230

Fannie

Mae

,

Pool

#MA4732

.......................................

4.00

9/1/52

213

3

Fannie

Mae

,

Pool

#CA3084

.......................................

4.00

2/1/49

2

46

Fannie

Mae

,

Pool

#AL8387

.......................................

4.00

3/1/46

44

5

Fannie

Mae

,

Pool

#AW9041

.......................................

4.00

8/1/44

5

11

Fannie

Mae

,

Pool

#MA3427

.......................................

4.00

7/1/33

11

42

Fannie

Mae

,

Pool

#FM1960

.......................................

4.00

5/1/49

40

43

Fannie

Mae

,

Pool

#AS3216

........................................

4.00

9/1/44

41

49

Fannie

Mae

,

Pool

#AZ7362

.......................................

4.00

11/1/45

46

14

Fannie

Mae

,

Pool

#AT3872

........................................

4.00

6/1/43

13

174

HC

CAPITAL

TRUST

The

U.S.

Mortgage/Asset

Backed

Fixed

Income

Securities

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Principal

Amount  

(000)

Security

Description

Rate

%

Maturity  

Date

Value

(000)

U.S.

Government

Agency

Mortgages

(continued)

$

45

Fannie

Mae

,

Pool

#BK7608

.......................................

4.00

9/1/48

$

42

382

Fannie

Mae

,

Pool

#FS0016

........................................

4.00

6/1/49

359

69

Fannie

Mae

,

Pool

#AU3753

.......................................

4.00

8/1/43

65

128

Fannie

Mae

,

Pool

#AS0531

........................................

4.00

9/1/43

121

43

Fannie

Mae

,

Pool

#AS8157

........................................

4.50

10/1/46

42

51

Fannie

Mae

,

Pool

#CA1711

.......................................

4.50

5/1/48

49

14

Fannie

Mae

,

Pool

#BE6489

........................................

4.50

1/1/47

13

12

Fannie

Mae

,

Pool

#AS8576

........................................

4.50

12/1/46

12

386

Fannie

Mae

,

Pool

#MA5070

.......................................

4.50

7/1/53

368

52

Fannie

Mae

,

Pool

#AD8529

.......................................

4.50

8/1/40

51

25

Fannie

Mae

,

Pool

#AL5082

.......................................

4.50

3/1/44

24

21

Fannie

Mae

,

Pool

#MA3522

.......................................

4.50

11/1/48

20

96

Fannie

Mae

,

Pool

#AS9394

........................................

4.50

4/1/47

93

46

Fannie

Mae

,

Pool

#MA3639

.......................................

4.50

4/1/49

45

216

Fannie

Mae

,

Pool

#MA3184

.......................................

4.50

11/1/47

212

11

Fannie

Mae

,

Pool

#AA0860

.......................................

4.50

1/1/39

11

3

Fannie

Mae

,

Pool

#AW7048

.......................................

4.50

6/1/44

3

37

Fannie

Mae

,

Pool

#CA0148

.......................................

4.50

8/1/47

36

4

Fannie

Mae

,

Pool

#BN0877

.......................................

4.50

11/1/48

3

8

Fannie

Mae

,

Pool

#AS0861

........................................

4.50

10/1/43

8

22

Fannie

Mae

,

Pool

#CA0623

.......................................

4.50

10/1/47

21

10

Fannie

Mae

,

Pool

#AB1470

.......................................

4.50

9/1/40

10

25

Fannie

Mae

,

Pool

#AS1638

........................................

4.50

2/1/44

24

15

Fannie

Mae

,

Pool

#MA3593

.......................................

4.50

2/1/49

14

42

Fannie

Mae

,

Pool

#AL4450

.......................................

4.50

12/1/43

41

12

Fannie

Mae

,

Pool

#FM3619

.......................................

4.50

1/1/50

12

10

Fannie

Mae

,

Pool

#AH6790

.......................................

4.50

3/1/41

10

9

Fannie

Mae

,

Pool

#AL8816

.......................................

4.50

9/1/45

8

28

Fannie

Mae

,

Pool

#MA0481

.......................................

4.50

8/1/30

27

1

Fannie

Mae

,

Pool

#AA9781

.......................................

4.50

7/1/24

1

127

Fannie

Mae

,

Pool

#AH9055

.......................................

4.50

4/1/41

124

18

Fannie

Mae

,

Pool

#BK5283

.......................................

4.50

6/1/48

18

188

Fannie

Mae

,

Pool

#AL1107

........................................

4.50

11/1/41

185

130

Fannie

Mae

,

Pool

#AH7521

.......................................

4.50

3/1/41

128

26

Fannie

Mae

,

Pool

#AS2276

........................................

4.50

4/1/44

26

34

Fannie

Mae

,

Pool

#BE5992

........................................

4.50

2/1/47

33

47

Fannie

Mae

,

Pool

#AB3192

.......................................

4.50

6/1/41

46

57

Fannie

Mae

,

Pool

#AE0217

.......................................

4.50

8/1/40

56

18

Fannie

Mae

,

Pool

#MA3537

.......................................

4.50

12/1/48

17

10

Fannie

Mae

,

Pool

#CA1218

.......................................

4.50

2/1/48

10

15

Fannie

Mae

,

Pool

#BM1285

.......................................

4.50

5/1/47

15

4

Fannie

Mae

,

Pool

#BK8830

.......................................

4.50

8/1/48

4

13

Fannie

Mae

,

Pool

#AU5302

.......................................

4.50

10/1/43

13

50

Fannie

Mae

,

Pool

#AI4815

........................................

4.50

6/1/41

49

47

Fannie

Mae

,

Pool

#BK1416

.......................................

4.50

5/1/48

46

26

Fannie

Mae

,

Pool

#AB1389

.......................................

4.50

8/1/40

25

386

Fannie

Mae

,

Pool

#BV7928

.......................................

4.50

8/1/52

368

19

Fannie

Mae

,

Pool

#BM3904

.......................................

5.00

5/1/48

19

58

Fannie

Mae

,

Pool

#AH5988

.......................................

5.00

3/1/41

58

10

Fannie

Mae

,

Pool

#890621

........................................

5.00

5/1/42

11

13

Fannie

Mae

,

Pool

#725238

........................................

5.00

3/1/34

13

10

Fannie

Mae

,

Pool

#890603

........................................

5.00

8/1/41

10

11

Fannie

Mae

,

Pool

#CA1795

.......................................

5.00

5/1/48

11

20

Fannie

Mae

,

Pool

#MA3594

.......................................

5.00

2/1/49

19

12

Fannie

Mae

,

Pool

#CA0349

.......................................

5.00

9/1/47

12

8

Fannie

Mae

,

Pool

#MA3708

.......................................

5.00

6/1/49

8

383

Fannie

Mae

,

Pool

#MA5071

.......................................

5.00

7/1/53

374

320

Fannie

Mae

,

Pool

#MA4761

.......................................

5.00

9/1/52

314

14

Fannie

Mae

,

Pool

#MA3669

.......................................

5.00

5/1/49

14

175

HC

CAPITAL

TRUST

The

U.S.

Mortgage/Asset

Backed

Fixed

Income

Securities

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Principal

Amount  

(000)

Security

Description

Rate

%

Maturity  

Date

Value

(000)

U.S.

Government

Agency

Mortgages

(continued)

$

2

Fannie

Mae

,

Pool

#BM3781

.......................................

5.00

11/1/30

$

2

21

Fannie

Mae

,

Pool

#AS0575

........................................

5.00

9/1/43

21

19

Fannie

Mae

,

Pool

#AS0837

........................................

5.00

10/1/43

20

24

Fannie

Mae

,

Pool

#AL5788

.......................................

5.00

5/1/42

24

293

Fannie

Mae

,

Pool

#MA4918

.......................................

5.00

2/1/53

287

12

Fannie

Mae

,

Pool

#MA3472

.......................................

5.00

9/1/48

12

23

Fannie

Mae

,

Pool

#836750

........................................

5.00

10/1/35

24

9

Fannie

Mae

,

Pool

#MA3527

.......................................

5.00

11/1/48

9

237

Fannie

Mae

,

Pool

#889117

........................................

5.00

10/1/35

238

9

Fannie

Mae

,

Pool

#MA3617

.......................................

5.00

3/1/49

8

359

Fannie

Mae

,

Pool

#FS3360

........................................

5.50

12/1/52

362

379

Fannie

Mae

,

Pool

#890221

........................................

5.50

12/1/33

384

387

Fannie

Mae

,

Pool

#MA5010

.......................................

5.50

5/1/53

385

389

Fannie

Mae

,

Pool

#MA5190

.......................................

5.50

11/1/53

388

378

Fannie

Mae

,

Pool

#MA5072

.......................................

5.50

7/1/53

376

6

Fannie

Mae

,

Pool

#929451

........................................

5.50

5/1/38

6

493

Fannie

Mae

,

Pool

#MA5107

.......................................

5.50

8/1/53

491

390

Fannie

Mae

,

Pool

#MA4919

.......................................

5.50

2/1/53

389

385

Fannie

Mae

,

Pool

#MA5073

.......................................

6.00

7/1/53

389

234

Fannie

Mae

,

Pool

#725228

........................................

6.00

3/1/34

238

389

Fannie

Mae

,

Pool

#MA5108

.......................................

6.00

8/1/53

392

395

Fannie

Mae

,

Pool

#MA5166

.......................................

6.00

10/1/53

399

45

Fannie

Mae

,

Pool

#CB5704

.......................................

6.00

2/1/53

46

386

Fannie

Mae

,

Pool

#MA5217

.......................................

6.50

12/1/53

394

375

Fannie

Mae

,

Pool

#MA5140

.......................................

6.50

9/1/53

383

56

Fannie

Mae

,

Pool

#889984

........................................

6.50

10/1/38

58

392

Fannie

Mae

,

Pool

#MA5273

.......................................

6.50

2/1/54

401

125

Fannie

Mae,

15

YR

TBA

.........................................

1.50

4/25/39

108

175

Fannie

Mae,

15

YR

TBA

.........................................

3.00

4/25/39

163

25

Fannie

Mae,

15

YR

TBA

.........................................

3.00

5/25/39

23

75

Fannie

Mae,

15

YR

TBA

.........................................

3.50

4/25/39

71

125

Fannie

Mae,

15

YR

TBA

.........................................

4.00

4/25/39

121

175

Fannie

Mae,

15

YR

TBA

.........................................

4.50

4/25/39

172

175

Fannie

Mae,

15

YR

TBA

.........................................

5.00

4/25/39

175

200

Fannie

Mae,

15

YR

TBA

.........................................

5.50

4/25/39

201

25

Fannie

Mae,

30

YR

TBA

.........................................

1.50

4/25/54

19

125

Fannie

Mae,

30

YR

TBA

.........................................

2.50

5/25/54

104

25

Fannie

Mae,

30

YR

TBA

.........................................

2.50

4/25/54

21

175

Fannie

Mae,

30

YR

TBA

.........................................

3.00

4/25/54

151

50

Fannie

Mae,

30

YR

TBA

.........................................

3.00

5/25/54

43

125

Fannie

Mae,

30

YR

TBA

.........................................

3.50

4/25/54

112

50

Fannie

Mae,

30

YR

TBA

.........................................

3.50

5/25/54

45

25

Fannie

Mae,

30

YR

TBA

.........................................

4.00

5/25/54

23

275

Fannie

Mae,

30

YR

TBA

.........................................

4.00

4/25/54

255

500

Fannie

Mae,

30

YR

TBA

.........................................

4.50

4/25/54

476

50

Fannie

Mae,

30

YR

TBA

.........................................

4.50

5/25/54

48

1,775

Fannie

Mae,

30

YR

TBA

.........................................

5.00

4/25/54

1,734

100

Fannie

Mae,

30

YR

TBA

.........................................

5.00

5/25/54

98

275

Fannie

Mae,

30

YR

TBA

.........................................

5.50

5/25/54

274

600

Fannie

Mae,

30

YR

TBA

.........................................

5.50

4/25/54

597

750

Fannie

Mae,

30

YR

TBA

.........................................

6.00

4/25/54

757

300

Fannie

Mae,

30

YR

TBA

.........................................

6.00

5/25/54

303

1,225

Fannie

Mae,

30

YR

TBA

.........................................

6.50

4/25/54

1,252

175

Fannie

Mae,

30

YR

TBA

.........................................

6.50

5/25/54

179

1,025

Fannie

Mae,

30

YR

TBA

.........................................

7.00

4/25/54

1,056

50

Fannie

Mae,

30

YR

TBA

.........................................

7.00

5/25/54

51

303

Freddie

Mac

,

Pool

#QN9521

.......................................

1.50

2/1/37

263

178

Freddie

Mac

,

Pool

#SD8139

.......................................

1.50

4/1/51

134

363

Freddie

Mac

,

Pool

#SB8106

.......................................

1.50

6/1/36

316

176

HC

CAPITAL

TRUST

The

U.S.

Mortgage/Asset

Backed

Fixed

Income

Securities

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Principal

Amount  

(000)

Security

Description

Rate

%

Maturity  

Date

Value

(000)

U.S.

Government

Agency

Mortgages

(continued)

$

384

Freddie

Mac

,

Pool

#SB8088

.......................................

1.50

2/1/36

$

336

68

Freddie

Mac

,

Pool

#SD8082

.......................................

1.50

10/1/50

51

380

Freddie

Mac

,

Pool

#SB8144

.......................................

1.50

3/1/37

329

379

Freddie

Mac

,

Pool

#SD8154

.......................................

1.50

7/1/51

285

371

Freddie

Mac

,

Pool

#QC0962

.......................................

1.50

4/1/51

280

60

Freddie

Mac

,

Pool

#RB5110

.......................................

1.50

5/1/41

48

340

Freddie

Mac

,

Pool

#SB8097

.......................................

1.50

4/1/36

295

396

Freddie

Mac

,

Pool

#SB8083

.......................................

1.50

1/1/36

345

350

Freddie

Mac

,

Pool

#QB3716

.......................................

2.00

9/1/50

278

125

Freddie

Mac

,

Pool

#RB5138

.......................................

2.00

12/1/41

105

403

Freddie

Mac

,

Pool

#SD8079

.......................................

2.00

7/1/50

319

410

Freddie

Mac

,

Pool

#SD8172

.......................................

2.00

10/1/51

326

373

Freddie

Mac

,

Pool

#RA4214

.......................................

2.00

12/1/50

299

404

Freddie

Mac

,

Pool

#RA6507

.......................................

2.00

12/1/51

323

262

Freddie

Mac

,

Pool

#RB5153

.......................................

2.00

4/1/42

215

233

Freddie

Mac

,

Pool

#RB5114

.......................................

2.00

6/1/41

196

359

Freddie

Mac

,

Pool

#RA3205

.......................................

2.00

8/1/50

289

341

Freddie

Mac

,

Pool

#SD8128

.......................................

2.00

2/1/51

271

349

Freddie

Mac

,

Pool

#SB8079

.......................................

2.00

12/1/35

312

331

Freddie

Mac

,

Pool

#SB8107

.......................................

2.00

6/1/36

294

388

Freddie

Mac

,

Pool

#RA5040

.......................................

2.00

4/1/51

310

500

Freddie

Mac

,

Pool

#RA3606

.......................................

2.00

10/1/50

395

214

Freddie

Mac

,

Pool

#SD7537

.......................................

2.00

3/1/51

171

245

Freddie

Mac

,

Pool

#RA5257

.......................................

2.00

5/1/51

196

221

Freddie

Mac

,

Pool

#SD8146

.......................................

2.00

5/1/51

175

406

Freddie

Mac

,

Pool

#QC4423

.......................................

2.00

7/1/51

323

425

Freddie

Mac

,

Pool

#QD5748

.......................................

2.00

2/1/52

336

405

Freddie

Mac

,

Pool

#SD8199

.......................................

2.00

3/1/52

321

339

Freddie

Mac

,

Pool

#RA4986

.......................................

2.00

4/1/51

270

400

Freddie

Mac

,

Pool

#QC3597

.......................................

2.00

6/1/51

318

408

Freddie

Mac

,

Pool

#QC7473

.......................................

2.00

9/1/51

324

10

Freddie

Mac

,

Pool

#J25759

........................................

2.00

8/1/28

10

364

Freddie

Mac

,

Pool

#QC1075

.......................................

2.00

4/1/51

289

447

Freddie

Mac

,

Pool

#SD8193

.......................................

2.00

2/1/52

354

381

Freddie

Mac

,

Pool

#SD8160

.......................................

2.00

8/1/51

302

14

Freddie

Mac

,

Pool

#G18547

.......................................

2.00

3/1/30

12

388

Freddie

Mac

,

Pool

#QC6815

.......................................

2.00

9/1/51

309

239

Freddie

Mac

,

Pool

#RA6025

.......................................

2.00

10/1/51

191

155

Freddie

Mac

,

Pool

#RB5111

.......................................

2.00

5/1/41

131

390

Freddie

Mac

,

Pool

#RA5928

.......................................

2.00

9/1/51

311

25

Freddie

Mac

,

Pool

#J25777

........................................

2.00

9/1/28

24

325

Freddie

Mac

,

Pool

#SB8115

.......................................

2.00

8/1/36

289

443

Freddie

Mac

,

Pool

#SD8188

.......................................

2.00

1/1/52

351

414

Freddie

Mac

,

Pool

#SD8177

.......................................

2.00

11/1/51

329

387

Freddie

Mac

,

Pool

#SD8134

.......................................

2.00

3/1/51

307

220

Freddie

Mac

,

Pool

#RB5121

.......................................

2.00

8/1/41

186

441

Freddie

Mac

,

Pool

#RA6333

.......................................

2.00

11/1/51

349

347

Freddie

Mac

,

Pool

#QB3926

.......................................

2.00

10/1/50

276

379

Freddie

Mac

,

Pool

#QO0110

.......................................

2.00

4/1/37

337

423

Freddie

Mac

,

Pool

#QD0433

.......................................

2.00

11/1/51

336

337

Freddie

Mac

,

Pool

#RA3575

.......................................

2.00

9/1/50

270

522

Freddie

Mac

,

Pool

#SB8128

.......................................

2.00

11/1/36

463

219

Freddie

Mac

,

Pool

#QC0423

.......................................

2.00

4/1/51

174

207

Freddie

Mac

,

Pool

#SB8061

.......................................

2.00

9/1/35

185

85

Freddie

Mac

,

Pool

#ZS7735

.......................................

2.00

1/1/32

78

393

Freddie

Mac

,

Pool

#QC3697

.......................................

2.00

6/1/51

313

360

Freddie

Mac

,

Pool

#QB8064

.......................................

2.00

1/1/51

287

439

Freddie

Mac

,

Pool

#SD8182

.......................................

2.00

12/1/51

349

355

Freddie

Mac

,

Pool

#SD8121

.......................................

2.00

1/1/51

283

177

HC

CAPITAL

TRUST

The

U.S.

Mortgage/Asset

Backed

Fixed

Income

Securities

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Principal

Amount  

(000)

Security

Description

Rate

%

Maturity  

Date

Value

(000)

U.S.

Government

Agency

Mortgages

(continued)

$

265

Freddie

Mac

,

Pool

#SD8150

.......................................

2.00

6/1/51

$

211

122

Freddie

Mac

,

Pool

#RB5095

.......................................

2.00

1/1/41

104

445

Freddie

Mac

,

Pool

#QB7708

.......................................

2.00

1/1/51

354

282

Freddie

Mac

,

Pool

#RC1727

.......................................

2.00

12/1/35

250

364

Freddie

Mac

,

Pool

#QC1333

.......................................

2.00

5/1/51

289

461

Freddie

Mac

,

Pool

#SD8113

.......................................

2.00

12/1/50

365

395

Freddie

Mac

,

Pool

#SD8098

.......................................

2.00

10/1/50

315

364

Freddie

Mac

,

Pool

#QB6893

.......................................

2.00

12/1/50

290

429

Freddie

Mac

,

Pool

#RA6026

.......................................

2.00

10/1/51

343

422

Freddie

Mac

,

Pool

#QC6925

.......................................

2.00

9/1/51

335

29

Freddie

Mac

,

Pool

#G18634

.......................................

2.00

3/1/32

26

380

Freddie

Mac

,

Pool

#RA3328

.......................................

2.00

8/1/50

304

417

Freddie

Mac

,

Pool

#SD0731

.......................................

2.00

5/1/51

334

398

Freddie

Mac

,

Pool

#QD1254

.......................................

2.00

11/1/51

317

133

Freddie

Mac

,

Pool

#QD3162

.......................................

2.00

12/1/51

105

127

Freddie

Mac

,

Pool

#RB5141

.......................................

2.00

1/1/42

107

215

Freddie

Mac

,

Pool

#RA5256

.......................................

2.00

5/1/51

172

363

Freddie

Mac

,

Pool

#SB8510

.......................................

2.00

2/1/36

322

414

Freddie

Mac

,

Pool

#RA5155

.......................................

2.00

5/1/51

327

404

Freddie

Mac

,

Pool

#QB9896

.......................................

2.00

3/1/51

320

266

Freddie

Mac

,

Pool

#SD8099

.......................................

2.50

10/1/50

223

298

Freddie

Mac

,

Pool

#SD8129

.......................................

2.50

2/1/51

249

35

Freddie

Mac

,

Pool

#ZS8483

.......................................

2.50

3/1/28

34

32

Freddie

Mac

,

Pool

#SB8062

.......................................

2.50

9/1/35

29

21

Freddie

Mac

,

Pool

#G18704

.......................................

2.50

6/1/33

20

225

Freddie

Mac

,

Pool

#RA2595

.......................................

2.50

5/1/50

188

410

Freddie

Mac

,

Pool

#SD0780

.......................................

2.50

12/1/51

342

12

Freddie

Mac

,

Pool

#C91904

.......................................

2.50

11/1/36

11

286

Freddie

Mac

,

Pool

#SD8167

.......................................

2.50

9/1/51

238

302

Freddie

Mac

,

Pool

#SD8114

.......................................

2.50

12/1/50

252

295

Freddie

Mac

,

Pool

#SD8122

.......................................

2.50

1/1/51

247

282

Freddie

Mac

,

Pool

#QB3287

.......................................

2.50

8/1/50

236

49

Freddie

Mac

,

Pool

#G18635

.......................................

2.50

3/1/32

46

223

Freddie

Mac

,

Pool

#QA9142

.......................................

2.50

5/1/50

185

273

Freddie

Mac

,

Pool

#RA2634

.......................................

2.50

5/1/50

228

51

Freddie

Mac

,

Pool

#RB5054

.......................................

2.50

6/1/40

45

436

Freddie

Mac

,

Pool

#SD8147

.......................................

2.50

5/1/51

363

44

Freddie

Mac

,

Pool

#ZK8425

.......................................

2.50

12/1/31

41

328

Freddie

Mac

,

Pool

#SD8141

.......................................

2.50

4/1/51

273

306

Freddie

Mac

,

Pool

#RA2897

.......................................

2.50

6/1/50

256

149

Freddie

Mac

,

Pool

#QA5290

.......................................

2.50

12/1/49

125

167

Freddie

Mac

,

Pool

#RA2645

.......................................

2.50

6/1/50

139

288

Freddie

Mac

,

Pool

#SD8151

.......................................

2.50

6/1/51

240

9

Freddie

Mac

,

Pool

#ZT2094

.......................................

2.50

6/1/34

8

200

Freddie

Mac

,

Pool

#SD8067

.......................................

2.50

6/1/50

168

110

Freddie

Mac

,

Pool

#RB5086

.......................................

2.50

11/1/40

97

121

Freddie

Mac

,

Pool

#SB0301

.......................................

2.50

4/1/35

110

235

Freddie

Mac

,

Pool

#RA3528

.......................................

2.50

9/1/50

195

409

Freddie

Mac

,

Pool

#SD8189

.......................................

2.50

1/1/52

339

384

Freddie

Mac

,

Pool

#SD8183

.......................................

2.50

12/1/51

320

271

Freddie

Mac

,

Pool

#QB3703

.......................................

2.50

9/1/50

226

329

Freddie

Mac

,

Pool

#SD0412

.......................................

2.50

8/1/50

277

417

Freddie

Mac

,

Pool

#QD5204

.......................................

2.50

1/1/52

347

381

Freddie

Mac

,

Pool

#QC2251

.......................................

2.50

5/1/51

317

36

Freddie

Mac

,

Pool

#ZS8692

.......................................

2.50

4/1/33

33

436

Freddie

Mac

,

Pool

#RA6621

.......................................

2.50

1/1/52

365

21

Freddie

Mac

,

Pool

#RA6815

.......................................

2.50

2/1/52

18

435

Freddie

Mac

,

Pool

#RA6765

.......................................

2.50

2/1/52

364

54

Freddie

Mac

,

Pool

#J37902

........................................

2.50

11/1/32

51

178

HC

CAPITAL

TRUST

The

U.S.

Mortgage/Asset

Backed

Fixed

Income

Securities

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Principal

Amount  

(000)

Security

Description

Rate

%

Maturity  

Date

Value

(000)

U.S.

Government

Agency

Mortgages

(continued)

$

108

Freddie

Mac

,

Pool

#G18611

.......................................

2.50

9/1/31

$

100

439

Freddie

Mac

,

Pool

#SD8194

.......................................

2.50

2/1/52

364

225

Freddie

Mac

,

Pool

#SD8205

.......................................

2.50

4/1/52

186

392

Freddie

Mac

,

Pool

#QC7457

.......................................

2.50

9/1/51

326

394

Freddie

Mac

,

Pool

#QC9156

.......................................

2.50

10/1/51

328

413

Freddie

Mac

,

Pool

#RA6340

.......................................

2.50

11/1/51

344

109

Freddie

Mac

,

Pool

#RB5043

.......................................

2.50

4/1/40

96

152

Freddie

Mac

,

Pool

#SD8083

.......................................

2.50

8/1/50

127

134

Freddie

Mac

,

Pool

#SD8055

.......................................

2.50

4/1/50

112

44

Freddie

Mac

,

Pool

#G18470

.......................................

2.50

6/1/28

41

71

Freddie

Mac

,

Pool

#G18680

.......................................

2.50

3/1/33

66

19

Freddie

Mac

,

Pool

#G18485

.......................................

2.50

10/1/28

18

305

Freddie

Mac

,

Pool

#RA2643

.......................................

2.50

6/1/50

256

336

Freddie

Mac

,

Pool

#SD8021

.......................................

2.50

9/1/49

280

322

Freddie

Mac

,

Pool

#RA4527

.......................................

2.50

2/1/51

270

50

Freddie

Mac

,

Pool

#RB5072

.......................................

2.50

9/1/40

44

20

Freddie

Mac

,

Pool

#J25585

........................................

2.50

9/1/28

19

3

Freddie

Mac

,

Pool

#J30875

........................................

2.50

3/1/30

3

30

Freddie

Mac

,

Pool

#C09026

.......................................

2.50

2/1/43

26

52

Freddie

Mac

,

Pool

#G18568

.......................................

2.50

9/1/30

50

36

Freddie

Mac

,

Pool

#J23440

........................................

2.50

4/1/28

34

30

Freddie

Mac

,

Pool

#J18954

........................................

2.50

4/1/27

28

7

Freddie

Mac

,

Pool

#G18472

.......................................

2.50

7/1/28

7

85

Freddie

Mac

,

Pool

#QE2352

.......................................

2.50

5/1/52

70

456

Freddie

Mac

,

Pool

#SD8212

.......................................

2.50

5/1/52

378

438

Freddie

Mac

,

Pool

#SD1011

.......................................

2.50

4/1/52

364

125

Freddie

Mac

,

Pool

#SB8108

.......................................

2.50

6/1/36

114

400

Freddie

Mac

,

Pool

#RA6019

.......................................

2.50

10/1/51

333

383

Freddie

Mac

,

Pool

#RA5832

.......................................

2.50

9/1/51

320

22

Freddie

Mac

,

Pool

#Q42878

.......................................

2.50

9/1/46

19

383

Freddie

Mac

,

Pool

#RA5802

.......................................

2.50

9/1/51

319

361

Freddie

Mac

,

Pool

#QC2031

.......................................

2.50

5/1/51

300

241

Freddie

Mac

,

Pool

#RB5157

.......................................

2.50

5/1/42

208

407

Freddie

Mac

,

Pool

#RA6493

.......................................

2.50

12/1/51

337

34

Freddie

Mac

,

Pool

#J35643

........................................

2.50

11/1/31

32

8

Freddie

Mac

,

Pool

#G08638

.......................................

2.50

4/1/45

7

7

Freddie

Mac

,

Pool

#G08755

.......................................

2.50

2/1/47

6

318

Freddie

Mac

,

Pool

#SD0578

.......................................

2.50

3/1/51

264

11

Freddie

Mac

,

Pool

#G18665

.......................................

2.50

11/1/32

10

59

Freddie

Mac

,

Pool

#J26408

........................................

2.50

11/1/28

55

20

Freddie

Mac

,

Pool

#SB8053

.......................................

2.50

7/1/35

18

68

Freddie

Mac

,

Pool

#SB8045

.......................................

2.50

5/1/35

62

363

Freddie

Mac

,

Pool

#RA5286

.......................................

2.50

5/1/51

302

57

Freddie

Mac

,

Pool

#ZS4687

.......................................

2.50

11/1/46

48

39

Freddie

Mac

,

Pool

#G18533

.......................................

2.50

12/1/29

37

86

Freddie

Mac

,

Pool

#J38477

........................................

2.50

2/1/33

80

5

Freddie

Mac

,

Pool

#Q18882

.......................................

3.00

5/1/43

4

12

Freddie

Mac

,

Pool

#Q18599

.......................................

3.00

6/1/43

10

63

Freddie

Mac

,

Pool

#C91581

.......................................

3.00

11/1/32

60

36

Freddie

Mac

,

Pool

#G18569

.......................................

3.00

9/1/30

34

62

Freddie

Mac

,

Pool

#SD8074

.......................................

3.00

7/1/50

54

5

Freddie

Mac

,

Pool

#C91949

.......................................

3.00

9/1/37

4

201

Freddie

Mac

,

Pool

#QB1382

.......................................

3.00

7/1/50

174

41

Freddie

Mac

,

Pool

#ZT0195

.......................................

3.00

9/1/46

36

18

Freddie

Mac

,

Pool

#SD8030

.......................................

3.00

12/1/49

16

132

Freddie

Mac

,

Pool

#ZS4697

.......................................

3.00

1/1/47

116

20

Freddie

Mac

,

Pool

#C91798

.......................................

3.00

12/1/34

18

25

Freddie

Mac

,

Pool

#C91819

.......................................

3.00

4/1/35

23

41

Freddie

Mac

,

Pool

#Q41795

.......................................

3.00

7/1/46

36

179

HC

CAPITAL

TRUST

The

U.S.

Mortgage/Asset

Backed

Fixed

Income

Securities

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Principal

Amount  

(000)

Security

Description

Rate

%

Maturity  

Date

Value

(000)

U.S.

Government

Agency

Mortgages

(continued)

$

136

Freddie

Mac

,

Pool

#SD8184

.......................................

3.00

12/1/51

$

118

12

Freddie

Mac

,

Pool

#C91905

.......................................

3.00

11/1/36

11

22

Freddie

Mac

,

Pool

#J36428

........................................

3.00

2/1/32

21

11

Freddie

Mac

,

Pool

#J38057

........................................

3.00

12/1/32

11

8

Freddie

Mac

,

Pool

#C91826

.......................................

3.00

5/1/35

7

2

Freddie

Mac

,

Pool

#Q39527

.......................................

3.00

3/1/46

1

13

Freddie

Mac

,

Pool

#C91924

.......................................

3.00

4/1/37

12

3

Freddie

Mac

,

Pool

#J14241

........................................

3.00

1/1/26

3

20

Freddie

Mac

,

Pool

#G18582

.......................................

3.00

1/1/31

19

100

Freddie

Mac

,

Pool

#C04619

.......................................

3.00

3/1/43

88

112

Freddie

Mac

,

Pool

#QA9049

.......................................

3.00

4/1/50

97

71

Freddie

Mac

,

Pool

#C04422

.......................................

3.00

12/1/42

62

41

Freddie

Mac

,

Pool

#G18518

.......................................

3.00

7/1/29

39

51

Freddie

Mac

,

Pool

#G18514

.......................................

3.00

6/1/29

50

35

Freddie

Mac

,

Pool

#G08640

.......................................

3.00

5/1/45

31

68

Freddie

Mac

,

Pool

#ZS4693

.......................................

3.00

12/1/46

60

27

Freddie

Mac

,

Pool

#ZS4703

.......................................

3.00

2/1/47

23

31

Freddie

Mac

,

Pool

#ZS4641

.......................................

3.00

12/1/45

28

37

Freddie

Mac

,

Pool

#G18531

.......................................

3.00

11/1/29

35

29

Freddie

Mac

,

Pool

#G08648

.......................................

3.00

6/1/45

26

41

Freddie

Mac

,

Pool

#J17774

........................................

3.00

1/1/27

40

77

Freddie

Mac

,

Pool

#G60187

.......................................

3.00

8/1/45

68

117

Freddie

Mac

,

Pool

#G60989

.......................................

3.00

12/1/46

104

2

Freddie

Mac

,

Pool

#J17111

........................................

3.00

10/1/26

2

12

Freddie

Mac

,

Pool

#J33135

........................................

3.00

11/1/30

11

14

Freddie

Mac

,

Pool

#G18575

.......................................

3.00

11/1/30

13

10

Freddie

Mac

,

Pool

#J29932

........................................

3.00

11/1/29

10

28

Freddie

Mac

,

Pool

#ZS8686

.......................................

3.00

2/1/33

26

37

Freddie

Mac

,

Pool

#ZT0715

.......................................

3.00

9/1/48

32

101

Freddie

Mac

,

Pool

#SD8024

.......................................

3.00

11/1/49

89

10

Freddie

Mac

,

Pool

#G18534

.......................................

3.00

12/1/29

10

22

Freddie

Mac

,

Pool

#RB5162

.......................................

3.00

6/1/42

19

93

Freddie

Mac

,

Pool

#SD8242

.......................................

3.00

9/1/52

80

74

Freddie

Mac

,

Pool

#G18673

.......................................

3.00

1/1/33

70

42

Freddie

Mac

,

Pool

#ZS4688

.......................................

3.00

11/1/46

37

121

Freddie

Mac

,

Pool

#Q45735

.......................................

3.00

1/1/47

107

6

Freddie

Mac

,

Pool

#G30999

.......................................

3.00

2/1/37

6

21

Freddie

Mac

,

Pool

#G30945

.......................................

3.00

9/1/36

19

53

Freddie

Mac

,

Pool

#ZM2721

.......................................

3.00

2/1/47

47

103

Freddie

Mac

,

Pool

#SB8046

.......................................

3.00

5/1/35

97

53

Freddie

Mac

,

Pool

#ZS4779

.......................................

3.00

6/1/48

46

15

Freddie

Mac

,

Pool

#G18715

.......................................

3.00

12/1/33

14

53

Freddie

Mac

,

Pool

#ZS4706

.......................................

3.00

3/1/47

47

335

Freddie

Mac

,

Pool

#SD8174

.......................................

3.00

10/1/51

290

40

Freddie

Mac

,

Pool

#SD8056

.......................................

3.00

4/1/50

34

73

Freddie

Mac

,

Pool

#ZM2089

.......................................

3.00

11/1/46

65

55

Freddie

Mac

,

Pool

#RA2594

.......................................

3.00

5/1/50

47

35

Freddie

Mac

,

Pool

#C91707

.......................................

3.00

6/1/33

33

42

Freddie

Mac

,

Pool

#G15217

.......................................

3.00

11/1/29

40

21

Freddie

Mac

,

Pool

#G08540

.......................................

3.00

8/1/43

19

21

Freddie

Mac

,

Pool

#Q19754

.......................................

3.00

7/1/43

19

41

Freddie

Mac

,

Pool

#G15145

.......................................

3.00

7/1/29

39

5

Freddie

Mac

,

Pool

#Q13086

.......................................

3.00

11/1/42

4

8

Freddie

Mac

,

Pool

#C91943

.......................................

3.00

7/1/37

8

161

Freddie

Mac

,

Pool

#ZS4519

.......................................

3.00

6/1/43

145

39

Freddie

Mac

,

Pool

#G08783

.......................................

3.00

10/1/47

34

48

Freddie

Mac

,

Pool

#Q20067

.......................................

3.00

7/1/43

43

25

Freddie

Mac

,

Pool

#C91927

.......................................

3.00

5/1/37

23

51

Freddie

Mac

,

Pool

#ZA2313

.......................................

3.00

9/1/33

48

180

HC

CAPITAL

TRUST

The

U.S.

Mortgage/Asset

Backed

Fixed

Income

Securities

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Principal

Amount  

(000)

Security

Description

Rate

%

Maturity  

Date

Value

(000)

U.S.

Government

Agency

Mortgages

(continued)

$

48

Freddie

Mac

,

Pool

#ZT1323

.......................................

3.00

10/1/48

$

42

78

Freddie

Mac

,

Pool

#QA1033

.......................................

3.00

7/1/49

68

81

Freddie

Mac

,

Pool

#ZS4609

.......................................

3.00

4/1/45

72

12

Freddie

Mac

,

Pool

#J38807

........................................

3.00

4/1/33

11

64

Freddie

Mac

,

Pool

#QA8065

.......................................

3.00

3/1/50

56

113

Freddie

Mac

,

Pool

#Q16222

.......................................

3.00

3/1/43

99

96

Freddie

Mac

,

Pool

#ZS4658

.......................................

3.00

4/1/46

85

108

Freddie

Mac

,

Pool

#ZM2285

.......................................

3.00

12/1/46

95

92

Freddie

Mac

,

Pool

#ZS4621

.......................................

3.00

7/1/45

81

227

Freddie

Mac

,

Pool

#Q21065

.......................................

3.00

8/1/43

200

82

Freddie

Mac

,

Pool

#ZA1283

.......................................

3.00

1/1/43

73

19

Freddie

Mac

,

Pool

#J38675

........................................

3.00

3/1/33

18

4

Freddie

Mac

,

Pool

#C91809

.......................................

3.00

2/1/35

3

4

Freddie

Mac

,

Pool

#C91939

.......................................

3.00

6/1/37

4

54

Freddie

Mac

,

Pool

#ZM2169

.......................................

3.00

11/1/46

48

94

Freddie

Mac

,

Pool

#Q43734

.......................................

3.00

10/1/46

84

454

Freddie

Mac

,

Pool

#ZS4522

.......................................

3.00

7/1/43

409

353

Freddie

Mac

,

Pool

#QD9881

.......................................

3.00

3/1/52

304

85

Freddie

Mac

,

Pool

#ZS4512

.......................................

3.00

5/1/43

76

13

Freddie

Mac

,

Pool

#ZT2019

.......................................

3.00

5/1/34

13

10

Freddie

Mac

,

Pool

#C91969

.......................................

3.00

1/1/38

9

25

Freddie

Mac

,

Pool

#ZS4659

.......................................

3.50

4/1/46

22

28

Freddie

Mac

,

Pool

#ZS4663

.......................................

3.50

5/1/46

25

16

Freddie

Mac

,

Pool

#RA1508

.......................................

3.50

10/1/49

14

34

Freddie

Mac

,

Pool

#Q06749

.......................................

3.50

3/1/42

31

14

Freddie

Mac

,

Pool

#ZT0711

.......................................

3.50

10/1/48

12

82

Freddie

Mac

,

Pool

#Q20860

.......................................

3.50

8/1/43

75

57

Freddie

Mac

,

Pool

#ZS4713

.......................................

3.50

4/1/47

52

31

Freddie

Mac

,

Pool

#G08733

.......................................

3.50

11/1/46

28

1

Freddie

Mac

,

Pool

#E02735

.......................................

3.50

10/1/25

1

27

Freddie

Mac

,

Pool

#G18707

.......................................

3.50

9/1/33

26

43

Freddie

Mac

,

Pool

#Q53176

.......................................

3.50

12/1/47

39

14

Freddie

Mac

,

Pool

#A96409

.......................................

3.50

1/1/41

13

47

Freddie

Mac

,

Pool

#Q08998

.......................................

3.50

6/1/42

43

6

Freddie

Mac

,

Pool

#J13582

........................................

3.50

11/1/25

6

54

Freddie

Mac

,

Pool

#SD8001

.......................................

3.50

7/1/49

49

22

Freddie

Mac

,

Pool

#G08813

.......................................

3.50

5/1/48

20

8

Freddie

Mac

,

Pool

#ZS4747

.......................................

3.50

12/1/47

8

47

Freddie

Mac

,

Pool

#Q51461

.......................................

3.50

10/1/47

43

5

Freddie

Mac

,

Pool

#C91925

.......................................

3.50

4/1/37

5

16

Freddie

Mac

,

Pool

#C91950

.......................................

3.50

9/1/37

15

65

Freddie

Mac

,

Pool

#ZS4651

.......................................

3.50

3/1/46

59

116

Freddie

Mac

,

Pool

#ZS4536

.......................................

3.50

10/1/43

107

49

Freddie

Mac

,

Pool

#G08761

.......................................

3.50

5/1/47

45

10

Freddie

Mac

,

Pool

#Q55002

.......................................

3.50

3/1/48

9

12

Freddie

Mac

,

Pool

#C91742

.......................................

3.50

1/1/34

12

33

Freddie

Mac

,

Pool

#ZS4771

.......................................

3.50

6/1/48

30

95

Freddie

Mac

,

Pool

#ZS4599

.......................................

3.50

1/1/45

88

58

Freddie

Mac

,

Pool

#Q09896

.......................................

3.50

8/1/42

53

28

Freddie

Mac

,

Pool

#J15105

........................................

3.50

4/1/26

27

14

Freddie

Mac

,

Pool

#SB8007

.......................................

3.50

9/1/34

13

263

Freddie

Mac

,

Pool

#ZS4487

.......................................

3.50

6/1/42

243

18

Freddie

Mac

,

Pool

#SB0031

.......................................

3.50

10/1/27

18

58

Freddie

Mac

,

Pool

#ZS4622

.......................................

3.50

7/1/45

54

28

Freddie

Mac

,

Pool

#Q58422

.......................................

3.50

9/1/48

26

27

Freddie

Mac

,

Pool

#ZT1951

.......................................

3.50

5/1/49

25

58

Freddie

Mac

,

Pool

#G61148

.......................................

3.50

9/1/47

53

36

Freddie

Mac

,

Pool

#Q57871

.......................................

3.50

8/1/48

32

24

Freddie

Mac

,

Pool

#ZS4759

.......................................

3.50

3/1/48

22

181

HC

CAPITAL

TRUST

The

U.S.

Mortgage/Asset

Backed

Fixed

Income

Securities

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Principal

Amount  

(000)

Security

Description

Rate

%

Maturity  

Date

Value

(000)

U.S.

Government

Agency

Mortgages

(continued)

$

141

Freddie

Mac

,

Pool

#RA2469

.......................................

3.50

4/1/50

$

128

52

Freddie

Mac

,

Pool

#ZS4630

.......................................

3.50

9/1/45

48

12

Freddie

Mac

,

Pool

#Q31134

.......................................

3.50

2/1/45

11

86

Freddie

Mac

,

Pool

#G08627

.......................................

3.50

2/1/45

79

21

Freddie

Mac

,

Pool

#C03920

.......................................

3.50

5/1/42

19

73

Freddie

Mac

,

Pool

#QA8794

.......................................

3.50

4/1/50

66

32

Freddie

Mac

,

Pool

#G08687

.......................................

3.50

1/1/46

29

35

Freddie

Mac

,

Pool

#Q12052

.......................................

3.50

10/1/42

33

32

Freddie

Mac

,

Pool

#Q04087

.......................................

3.50

10/1/41

29

13

Freddie

Mac

,

Pool

#J27494

........................................

3.50

2/1/29

13

26

Freddie

Mac

,

Pool

#G30776

.......................................

3.50

7/1/35

25

376

Freddie

Mac

,

Pool

#SD8221

.......................................

3.50

6/1/52

337

33

Freddie

Mac

,

Pool

#Q36040

.......................................

3.50

9/1/45

30

9

Freddie

Mac

,

Pool

#C92003

.......................................

3.50

7/1/38

8

57

Freddie

Mac

,

Pool

#Q08903

.......................................

3.50

6/1/42

53

46

Freddie

Mac

,

Pool

#C91456

.......................................

3.50

6/1/32

44

42

Freddie

Mac

,

Pool

#C91403

.......................................

3.50

3/1/32

39

86

Freddie

Mac

,

Pool

#ZS4618

.......................................

3.50

6/1/45

79

27

Freddie

Mac

,

Pool

#G08698

.......................................

3.50

3/1/46

25

36

Freddie

Mac

,

Pool

#ZA5128

.......................................

3.50

12/1/47

33

276

Freddie

Mac

,

Pool

#SD8038

.......................................

3.50

1/1/50

250

75

Freddie

Mac

,

Pool

#G08766

.......................................

3.50

6/1/47

69

82

Freddie

Mac

,

Pool

#SB8183

.......................................

3.50

10/1/37

78

435

Freddie

Mac

,

Pool

#SD0968

.......................................

3.50

4/1/52

397

73

Freddie

Mac

,

Pool

#G08804

.......................................

3.50

3/1/48

67

96

Freddie

Mac

,

Pool

#SD8226

.......................................

3.50

7/1/52

86

66

Freddie

Mac

,

Pool

#G08641

.......................................

3.50

5/1/45

60

83

Freddie

Mac

,

Pool

#G08562

.......................................

3.50

1/1/44

76

7

Freddie

Mac

,

Pool

#G08620

.......................................

3.50

12/1/44

7

28

Freddie

Mac

,

Pool

#Q37449

.......................................

3.50

11/1/45

26

59

Freddie

Mac

,

Pool

#G08632

.......................................

3.50

3/1/45

54

47

Freddie

Mac

,

Pool

#SD2253

.......................................

3.50

12/1/52

42

19

Freddie

Mac

,

Pool

#G08605

.......................................

3.50

9/1/44

17

19

Freddie

Mac

,

Pool

#G08599

.......................................

3.50

8/1/44

18

21

Freddie

Mac

,

Pool

#G08846

.......................................

3.50

11/1/48

19

543

Freddie

Mac

,

Pool

#SD8214

.......................................

3.50

5/1/52

486

39

Freddie

Mac

,

Pool

#SD8011

.......................................

3.50

9/1/49

35

133

Freddie

Mac

,

Pool

#ZM4908

.......................................

3.50

11/1/47

121

67

Freddie

Mac

,

Pool

#ZS4642

.......................................

3.50

12/1/45

62

8

Freddie

Mac

,

Pool

#C91940

.......................................

3.50

6/1/37

8

63

Freddie

Mac

,

Pool

#Q49490

.......................................

3.50

7/1/47

58

4

Freddie

Mac

,

Pool

#C91760

.......................................

3.50

5/1/34

4

96

Freddie

Mac

,

Pool

#G08636

.......................................

3.50

4/1/45

88

42

Freddie

Mac

,

Pool

#ZS4704

.......................................

3.50

2/1/47

39

25

Freddie

Mac

,

Pool

#G08637

.......................................

4.00

4/1/45

23

1

Freddie

Mac

,

Pool

#J12435

........................................

4.00

6/1/25

1

54

Freddie

Mac

,

Pool

#ZS4731

.......................................

4.00

8/1/47

51

46

Freddie

Mac

,

Pool

#G08459

.......................................

4.00

9/1/41

44

39

Freddie

Mac

,

Pool

#G08567

.......................................

4.00

1/1/44

37

8

Freddie

Mac

,

Pool

#ZT1800

.......................................

4.00

3/1/34

8

68

Freddie

Mac

,

Pool

#ZS4708

.......................................

4.00

3/1/47

65

214

Freddie

Mac

,

Pool

#A96286

.......................................

4.00

1/1/41

206

13

Freddie

Mac

,

Pool

#ZS4652

.......................................

4.00

2/1/46

13

387

Freddie

Mac

,

Pool

#SD8313

.......................................

4.00

4/1/53

359

25

Freddie

Mac

,

Pool

#C91738

.......................................

4.00

11/1/33

24

36

Freddie

Mac

,

Pool

#C09070

.......................................

4.00

12/1/44

35

9

Freddie

Mac

,

Pool

#C91994

.......................................

4.00

5/1/38

8

91

Freddie

Mac

,

Pool

#SD0290

.......................................

4.00

4/1/50

85

38

Freddie

Mac

,

Pool

#SD8039

.......................................

4.00

1/1/50

36

182

HC

CAPITAL

TRUST

The

U.S.

Mortgage/Asset

Backed

Fixed

Income

Securities

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Principal

Amount  

(000)

Security

Description

Rate

%

Maturity  

Date

Value

(000)

U.S.

Government

Agency

Mortgages

(continued)

$

18

Freddie

Mac

,

Pool

#G08836

.......................................

4.00

9/1/48

$

17

3

Freddie

Mac

,

Pool

#G14453

.......................................

4.00

6/1/26

3

113

Freddie

Mac

,

Pool

#SD8070

.......................................

4.00

6/1/50

105

3

Freddie

Mac

,

Pool

#Q27456

.......................................

4.00

7/1/44

2

41

Freddie

Mac

,

Pool

#G08618

.......................................

4.00

12/1/44

39

22

Freddie

Mac

,

Pool

#G08601

.......................................

4.00

8/1/44

20

6

Freddie

Mac

,

Pool

#G08633

.......................................

4.00

3/1/45

6

36

Freddie

Mac

,

Pool

#Q27594

.......................................

4.00

8/1/44

34

42

Freddie

Mac

,

Pool

#ZS4573

.......................................

4.00

7/1/44

40

22

Freddie

Mac

,

Pool

#Q34081

.......................................

4.00

6/1/45

21

31

Freddie

Mac

,

Pool

#ZT2106

.......................................

4.00

3/1/49

29

43

Freddie

Mac

,

Pool

#G08616

.......................................

4.00

11/1/44

41

45

Freddie

Mac

,

Pool

#G08588

.......................................

4.00

5/1/44

43

10

Freddie

Mac

,

Pool

#ZN5030

.......................................

4.00

4/1/49

10

377

Freddie

Mac

,

Pool

#SD8256

.......................................

4.00

10/1/52

349

24

Freddie

Mac

,

Pool

#C91765

.......................................

4.00

6/1/34

23

20

Freddie

Mac

,

Pool

#ZT1840

.......................................

4.00

9/1/48

19

25

Freddie

Mac

,

Pool

#ZT1320

.......................................

4.00

11/1/48

23

184

Freddie

Mac

,

Pool

#QE6074

.......................................

4.00

7/1/52

171

375

Freddie

Mac

,

Pool

#QE5462

.......................................

4.00

7/1/52

350

368

Freddie

Mac

,

Pool

#SD1132

.......................................

4.00

6/1/52

342

380

Freddie

Mac

,

Pool

#SD8244

.......................................

4.00

9/1/52

352

474

Freddie

Mac

,

Pool

#SD8286

.......................................

4.00

1/1/53

439

21

Freddie

Mac

,

Pool

#G08483

.......................................

4.00

3/1/42

20

55

Freddie

Mac

,

Pool

#ZA4988

.......................................

4.00

8/1/47

52

72

Freddie

Mac

,

Pool

#ZS4627

.......................................

4.00

8/1/45

68

11

Freddie

Mac

,

Pool

#G08672

.......................................

4.00

10/1/45

10

77

Freddie

Mac

,

Pool

#G06506

.......................................

4.00

12/1/40

74

5

Freddie

Mac

,

Pool

#C91923

.......................................

4.00

3/1/37

5

46

Freddie

Mac

,

Pool

#G08785

.......................................

4.00

10/1/47

43

34

Freddie

Mac

,

Pool

#ZT1952

.......................................

4.00

5/1/49

32

30

Freddie

Mac

,

Pool

#G08767

.......................................

4.00

6/1/47

28

18

Freddie

Mac

,

Pool

#G08831

.......................................

4.00

8/1/48

17

34

Freddie

Mac

,

Pool

#Q58680

.......................................

4.00

9/1/48

32

58

Freddie

Mac

,

Pool

#ZL7781

.......................................

4.00

2/1/44

56

56

Freddie

Mac

,

Pool

#ZS4631

.......................................

4.00

9/1/45

53

22

Freddie

Mac

,

Pool

#ZA6946

.......................................

4.00

5/1/49

20

7

Freddie

Mac

,

Pool

#C92019

.......................................

4.00

10/1/38

7

3

Freddie

Mac

,

Pool

#G08642

.......................................

4.00

5/1/45

3

85

Freddie

Mac

,

Pool

#SD8002

.......................................

4.50

7/1/49

82

378

Freddie

Mac

,

Pool

#SD8287

.......................................

4.50

1/1/53

361

22

Freddie

Mac

,

Pool

#G08754

.......................................

4.50

3/1/47

21

16

Freddie

Mac

,

Pool

#Q22671

.......................................

4.50

11/1/43

16

33

Freddie

Mac

,

Pool

#G08759

.......................................

4.50

4/1/47

32

7

Freddie

Mac

,

Pool

#C09059

.......................................

4.50

3/1/44

6

434

Freddie

Mac

,

Pool

#SD8245

.......................................

4.50

9/1/52

414

388

Freddie

Mac

,

Pool

#SD8340

.......................................

4.50

7/1/53

370

21

Freddie

Mac

,

Pool

#ZS4781

.......................................

4.50

7/1/48

21

27

Freddie

Mac

,

Pool

#Q57957

.......................................

4.50

8/1/48

26

10

Freddie

Mac

,

Pool

#G08781

.......................................

4.50

9/1/47

10

4

Freddie

Mac

,

Pool

#A90437

.......................................

4.50

1/1/40

4

39

Freddie

Mac

,

Pool

#A97495

.......................................

4.50

3/1/41

38

91

Freddie

Mac

,

Pool

#RA7928

.......................................

4.50

9/1/52

86

380

Freddie

Mac

,

Pool

#SD8266

.......................................

4.50

11/1/52

362

12

Freddie

Mac

,

Pool

#Q25432

.......................................

4.50

3/1/44

12

42

Freddie

Mac

,

Pool

#ZT1711

.......................................

4.50

2/1/49

41

18

Freddie

Mac

,

Pool

#G60512

.......................................

4.50

12/1/45

17

294

Freddie

Mac

,

Pool

#SD8365

.......................................

4.50

10/1/53

280

406

Freddie

Mac

,

Pool

#A97692

.......................................

4.50

3/1/41

399

183

HC

CAPITAL

TRUST

The

U.S.

Mortgage/Asset

Backed

Fixed

Income

Securities

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Principal

Amount  

(000)

Security

Description

Rate

%

Maturity  

Date

Value

(000)

U.S.

Government

Agency

Mortgages

(continued)

$

1

Freddie

Mac

,

Pool

#E02862

.......................................

4.50

3/1/26

$

1

22

Freddie

Mac

,

Pool

#ZS4774

.......................................

4.50

5/1/48

21

356

Freddie

Mac

,

Pool

#QE9161

.......................................

4.50

9/1/52

340

20

Freddie

Mac

,

Pool

#ZT1321

.......................................

4.50

11/1/48

20

23

Freddie

Mac

,

Pool

#Q59805

.......................................

4.50

11/1/48

23

380

Freddie

Mac

,

Pool

#SD8306

.......................................

4.50

3/1/53

362

13

Freddie

Mac

,

Pool

#G08596

.......................................

4.50

7/1/44

13

39

Freddie

Mac

,

Pool

#Q00763

.......................................

5.00

5/1/41

39

382

Freddie

Mac

,

Pool

#SD8288

.......................................

5.00

1/1/53

375

82

Freddie

Mac

,

Pool

#G04913

.......................................

5.00

3/1/38

84

458

Freddie

Mac

,

Pool

#SD8315

.......................................

5.00

4/1/53

447

13

Freddie

Mac

,

Pool

#G05205

.......................................

5.00

1/1/39

13

5

Freddie

Mac

,

Pool

#G07068

.......................................

5.00

7/1/41

5

382

Freddie

Mac

,

Pool

#SD8341

.......................................

5.00

7/1/53

373

50

Freddie

Mac

,

Pool

#ZT1779

.......................................

5.00

3/1/49

49

377

Freddie

Mac

,

Pool

#SD8299

.......................................

5.00

2/1/53

368

393

Freddie

Mac

,

Pool

#SD8361

.......................................

5.00

9/1/53

384

5

Freddie

Mac

,

Pool

#SD0093

.......................................

5.00

10/1/49

5

385

Freddie

Mac

,

Pool

#SD8323

.......................................

5.00

5/1/53

376

6

Freddie

Mac

,

Pool

#G08838

.......................................

5.00

9/1/48

6

182

Freddie

Mac

,

Pool

#C01598

.......................................

5.00

8/1/33

183

365

Freddie

Mac

,

Pool

#SD8300

.......................................

5.50

2/1/53

364

112

Freddie

Mac

,

Pool

#G01665

.......................................

5.50

3/1/34

114

1

Freddie

Mac

,

Pool

#A69671

.......................................

5.50

12/1/37

2

1

Freddie

Mac

,

Pool

#A79636

.......................................

5.50

7/1/38

1

29

Freddie

Mac

,

Pool

#G06031

.......................................

5.50

3/1/40

29

373

Freddie

Mac

,

Pool

#SD8331

.......................................

5.50

6/1/53

372

378

Freddie

Mac

,

Pool

#SD8342

.......................................

5.50

7/1/53

376

1

Freddie

Mac

,

Pool

#G06091

.......................................

5.50

5/1/40

1

384

Freddie

Mac

,

Pool

#SD8362

.......................................

5.50

9/1/53

382

389

Freddie

Mac

,

Pool

#SD8372

.......................................

5.50

11/1/53

388

299

Freddie

Mac

,

Pool

#SD8349

.......................................

5.50

8/1/53

298

238

Freddie

Mac

,

Pool

#SD8325

.......................................

6.00

5/1/53

240

385

Freddie

Mac

,

Pool

#SD8373

.......................................

6.00

11/1/53

389

2

Freddie

Mac

,

Pool

#A62706

.......................................

6.00

6/1/37

2

386

Freddie

Mac

,

Pool

#SD8384

.......................................

6.00

12/1/53

390

107

Freddie

Mac

,

Pool

#G02794

.......................................

6.00

5/1/37

110

12

Freddie

Mac

,

Pool

#G05709

.......................................

6.00

6/1/38

13

378

Freddie

Mac

,

Pool

#SD8363

.......................................

6.00

9/1/53

382

374

Freddie

Mac

,

Pool

#SD8350

.......................................

6.00

8/1/53

378

398

Freddie

Mac

,

Pool

#SD8343

.......................................

6.00

7/1/53

401

23

Freddie

Mac

,

Pool

#G03551

.......................................

6.00

11/1/37

24

386

Freddie

Mac

,

Pool

#SD8397

.......................................

6.50

1/1/54

394

284

Freddie

Mac

,

Pool

#SD8374

.......................................

6.50

11/1/53

290

345

Government

National

Mortgage

Association

,

Pool

#MA7051

................

2.00

12/20/50

282

242

Government

National

Mortgage

Association

,

Pool

#MA7533

................

2.00

8/20/51

198

424

Government

National

Mortgage

Association

,

Pool

#MA7766

................

2.00

12/20/51

348

612

Government

National

Mortgage

Association

,

Pool

#MA7935

................

2.00

3/20/52

501

441

Government

National

Mortgage

Association

,

Pool

#MA7471

................

2.00

7/20/51

361

317

Government

National

Mortgage

Association

,

Pool

#MA7366

................

2.00

5/20/51

260

489

Government

National

Mortgage

Association

,

Pool

#MA7311

................

2.00

4/20/51

401

401

Government

National

Mortgage

Association

,

Pool

#MA7986

................

2.00

4/20/52

328

291

Government

National

Mortgage

Association

,

Pool

#MA6930

................

2.00

10/20/50

239

572

Government

National

Mortgage

Association

,

Pool

#MA7826

................

2.00

1/20/52

469

384

Government

National

Mortgage

Association

,

Pool

#MA7588

................

2.00

9/20/51

315

549

Government

National

Mortgage

Association

,

Pool

#MA7704

................

2.00

11/20/51

450

340

Government

National

Mortgage

Association

,

Pool

#MA7417

................

2.00

6/20/51

278

320

Government

National

Mortgage

Association

,

Pool

#MA7254

................

2.00

3/20/51

263

173

Government

National

Mortgage

Association

,

Pool

#MA6864

................

2.00

9/20/50

142

184

HC

CAPITAL

TRUST

The

U.S.

Mortgage/Asset

Backed

Fixed

Income

Securities

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Principal

Amount  

(000)

Security

Description

Rate

%

Maturity  

Date

Value

(000)

U.S.

Government

Agency

Mortgages

(continued)

$

301

Government

National

Mortgage

Association

,

Pool

#MA6818

................

2.00

8/20/50

$

246

309

Government

National

Mortgage

Association

,

Pool

#MA7135

................

2.00

1/20/51

254

182

Government

National

Mortgage

Association

,

Pool

#MA7880

................

2.00

2/20/52

149

393

Government

National

Mortgage

Association

,

Pool

#MA6994

................

2.00

11/20/50

323

362

Government

National

Mortgage

Association

,

Pool

#MA8041

................

2.00

5/20/52

297

305

Government

National

Mortgage

Association

,

Pool

#MA7255

................

2.50

3/20/51

261

8

Government

National

Mortgage

Association

,

Pool

#MA1133

................

2.50

7/20/28

8

539

Government

National

Mortgage

Association

,

Pool

#MA7767

................

2.50

12/20/51

459

364

Government

National

Mortgage

Association

,

Pool

#MA6865

................

2.50

9/20/50

311

295

Government

National

Mortgage

Association

,

Pool

#MA7193

................

2.50

2/20/51

252

177

Government

National

Mortgage

Association

,

Pool

#MA7705

................

2.50

11/20/51

151

175

Government

National

Mortgage

Association

,

Pool

#MA4125

................

2.50

12/20/46

152

84

Government

National

Mortgage

Association

,

Pool

#MA6598

................

2.50

4/20/50

71

12

Government

National

Mortgage

Association

,

Pool

#MA0601

................

2.50

12/20/27

12

426

Government

National

Mortgage

Association

,

Pool

#MA7827

................

2.50

1/20/52

363

171

Government

National

Mortgage

Association

,

Pool

#MA4260

................

2.50

2/20/47

148

8

Government

National

Mortgage

Association

,

Pool

#MA0908

................

2.50

4/20/28

7

17

Government

National

Mortgage

Association

,

Pool

#MA4067

................

2.50

11/20/46

15

285

Government

National

Mortgage

Association

,

Pool

#MA8042

................

2.50

5/20/52

243

392

Government

National

Mortgage

Association

,

Pool

#MA7987

................

2.50

4/20/52

334

5

Government

National

Mortgage

Association

,

Pool

#MA4355

................

2.50

4/20/32

4

10

Government

National

Mortgage

Association

,

Pool

#MA4424

................

2.50

5/20/32

9

6

Government

National

Mortgage

Association

,

Pool

#MA2890

................

2.50

6/20/45

5

31

Government

National

Mortgage

Association

,

Pool

#MA1283

................

2.50

9/20/43

27

13

Government

National

Mortgage

Association

,

Pool

#776954

.................

2.50

11/15/42

11

15

Government

National

Mortgage

Association

,

Pool

#MA4717

................

2.50

9/20/47

13

187

Government

National

Mortgage

Association

,

Pool

#MA6819

................

2.50

8/20/50

160

10

Government

National

Mortgage

Association

,

Pool

#711729

.................

2.50

3/15/43

9

391

Government

National

Mortgage

Association

,

Pool

#MA7589

................

2.50

9/20/51

333

366

Government

National

Mortgage

Association

,

Pool

#MA7649

................

2.50

10/20/51

313

346

Government

National

Mortgage

Association

,

Pool

#MA7472

................

2.50

7/20/51

295

525

Government

National

Mortgage

Association

,

Pool

#MA7534

................

2.50

8/20/51

447

11

Government

National

Mortgage

Association

,

Pool

#MA4194

................

2.50

1/20/47

9

370

Government

National

Mortgage

Association

,

Pool

#MA8147

................

2.50

7/20/52

315

394

Government

National

Mortgage

Association

,

Pool

#MA6709

................

2.50

6/20/50

337

12

Government

National

Mortgage

Association

,

Pool

#AA8341

................

2.50

2/15/28

11

354

Government

National

Mortgage

Association

,

Pool

#MA7367

................

2.50

5/20/51

302

167

Government

National

Mortgage

Association

,

Pool

#MA6655

................

2.50

5/20/50

143

388

Government

National

Mortgage

Association

,

Pool

#MA7936

................

2.50

3/20/52

331

315

Government

National

Mortgage

Association

,

Pool

#MA7312

................

2.50

4/20/51

269

337

Government

National

Mortgage

Association

,

Pool

#MA7418

................

2.50

6/20/51

287

132

Government

National

Mortgage

Association

,

Pool

#MA6540

................

2.50

3/20/50

113

391

Government

National

Mortgage

Association

,

Pool

#MA7881

................

2.50

2/20/52

333

254

Government

National

Mortgage

Association

,

Pool

#MA6995

................

2.50

11/20/50

218

399

Government

National

Mortgage

Association

,

Pool

#MA7136

................

2.50

1/20/51

341

237

Government

National

Mortgage

Association

,

Pool

#MA6931

................

2.50

10/20/50

203

404

Government

National

Mortgage

Association

,

Pool

#MA7052

................

2.50

12/20/50

346

342

Government

National

Mortgage

Association

,

Pool

#MA7706

................

3.00

11/20/51

302

37

Government

National

Mortgage

Association

,

Pool

#779084

.................

3.00

4/15/42

34

345

Government

National

Mortgage

Association

,

Pool

#MA7828

................

3.00

1/20/52

305

27

Government

National

Mortgage

Association

,

Pool

#MA4068

................

3.00

11/20/46

25

400

Government

National

Mortgage

Association

,

Pool

#MA8098

................

3.00

6/20/52

353

96

Government

National

Mortgage

Association

,

Pool

#MA4836

................

3.00

11/20/47

86

69

Government

National

Mortgage

Association

,

Pool

#MA4777

................

3.00

10/20/47

62

4

Government

National

Mortgage

Association

,

Pool

#AL5058

................

3.00

3/15/45

3

16

Government

National

Mortgage

Association

,

Pool

#MA1265

................

3.00

9/20/28

16

77

Government

National

Mortgage

Association

,

Pool

#MA2520

................

3.00

1/20/45

70

5

Government

National

Mortgage

Association

,

Pool

#MA1890

................

3.00

5/20/29

5

47

Government

National

Mortgage

Association

,

Pool

#MA3873

................

3.00

8/20/46

42

185

HC

CAPITAL

TRUST

The

U.S.

Mortgage/Asset

Backed

Fixed

Income

Securities

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Principal

Amount  

(000)

Security

Description

Rate

%

Maturity  

Date

Value

(000)

U.S.

Government

Agency

Mortgages

(continued)

$

28

Government

National

Mortgage

Association

,

Pool

#MA0851

................

3.00

3/20/43

$

25

48

Government

National

Mortgage

Association

,

Pool

#MA2444

................

3.00

12/20/44

43

70

Government

National

Mortgage

Association

,

Pool

#MA4961

................

3.00

1/20/48

63

141

Government

National

Mortgage

Association

,

Pool

#MA4899

................

3.00

12/20/47

126

143

Government

National

Mortgage

Association

,

Pool

#MA5076

................

3.00

3/20/48

127

158

Government

National

Mortgage

Association

,

Pool

#MA4126

................

3.00

12/20/46

142

44

Government

National

Mortgage

Association

,

Pool

#MA2825

................

3.00

5/20/45

40

38

Government

National

Mortgage

Association

,

Pool

#AA2654

................

3.00

6/15/43

34

68

Government

National

Mortgage

Association

,

Pool

#MA0461

................

3.00

10/20/42

62

50

Government

National

Mortgage

Association

,

Pool

#MA3104

................

3.00

9/20/45

45

19

Government

National

Mortgage

Association

,

Pool

#MA3520

................

3.00

3/20/46

17

8

Government

National

Mortgage

Association

,

Pool

#AA2934

................

3.00

7/15/42

8

12

Government

National

Mortgage

Association

,

Pool

#AK7285

................

3.00

3/15/45

11

12

Government

National

Mortgage

Association

,

Pool

#MA0205

................

3.00

7/20/27

12

107

Government

National

Mortgage

Association

,

Pool

#MA3936

................

3.00

9/20/46

96

130

Government

National

Mortgage

Association

,

Pool

#MA5018

................

3.00

2/20/48

116

53

Government

National

Mortgage

Association

,

Pool

#MA3309

................

3.00

12/20/45

48

133

Government

National

Mortgage

Association

,

Pool

#MA4261

................

3.00

2/20/47

120

223

Government

National

Mortgage

Association

,

Pool

#MA6599

................

3.00

4/20/50

198

198

Government

National

Mortgage

Association

,

Pool

#MA6656

................

3.00

5/20/50

175

65

Government

National

Mortgage

Association

,

Pool

#MA3802

................

3.00

7/20/46

59

2

Government

National

Mortgage

Association

,

Pool

#5276

..................

3.00

1/20/27

2

35

Government

National

Mortgage

Association

,

Pool

#MA2753

................

3.00

4/20/45

31

68

Government

National

Mortgage

Association

,

Pool

#MA6283

................

3.00

11/20/49

60

89

Government

National

Mortgage

Association

,

Pool

#AA6149

................

3.00

3/20/43

79

45

Government

National

Mortgage

Association

,

Pool

#MA2960

................

3.00

7/20/45

40

117

Government

National

Mortgage

Association

,

Pool

#MA6409

................

3.00

1/20/50

104

122

Government

National

Mortgage

Association

,

Pool

#MA6474

................

3.00

2/20/50

109

59

Government

National

Mortgage

Association

,

Pool

#MA4381

................

3.00

4/20/47

53

92

Government

National

Mortgage

Association

,

Pool

#MA4651

................

3.00

8/20/47

83

56

Government

National

Mortgage

Association

,

Pool

#MA4320

................

3.00

3/20/47

50

85

Government

National

Mortgage

Association

,

Pool

#MA4509

................

3.00

6/20/47

76

66

Government

National

Mortgage

Association

,

Pool

#MA3033

................

3.00

8/20/45

59

80

Government

National

Mortgage

Association

,

Pool

#MA1374

................

3.00

10/20/43

72

65

Government

National

Mortgage

Association

,

Pool

#MA6089

................

3.00

8/20/49

58

64

Government

National

Mortgage

Association

,

Pool

#MA6710

................

3.00

6/20/50

57

73

Government

National

Mortgage

Association

,

Pool

#MA4450

................

3.00

5/20/47

66

15

Government

National

Mortgage

Association

,

Pool

#MA6766

................

3.00

7/20/50

13

122

Government

National

Mortgage

Association

,

Pool

#MA0391

................

3.00

9/20/42

110

321

Government

National

Mortgage

Association

,

Pool

#MA6218

................

3.00

10/20/49

286

17

Government

National

Mortgage

Association

,

Pool

#MA6820

................

3.00

8/20/50

15

11

Government

National

Mortgage

Association

,

Pool

#AG0440

................

3.00

8/15/43

10

115

Government

National

Mortgage

Association

,

Pool

#AD8433

................

3.00

7/15/43

104

58

Government

National

Mortgage

Association

,

Pool

#MA3662

................

3.00

5/20/46

52

76

Government

National

Mortgage

Association

,

Pool

#MA0153

................

3.00

6/20/42

69

352

Government

National

Mortgage

Association

,

Pool

#MA7768

................

3.00

12/20/51

311

430

Government

National

Mortgage

Association

,

Pool

#MA0624

................

3.00

12/20/42

390

4

Government

National

Mortgage

Association

,

Pool

#MA4935

................

3.00

1/20/33

4

42

Government

National

Mortgage

Association

,

Pool

#MA3172

................

3.00

10/20/45

38

7

Government

National

Mortgage

Association

,

Pool

#AN5756

................

3.00

7/15/45

6

17

Government

National

Mortgage

Association

,

Pool

#MA2600

................

3.00

2/20/45

16

157

Government

National

Mortgage

Association

,

Pool

#MA4003

................

3.00

10/20/46

141

97

Government

National

Mortgage

Association

,

Pool

#MA2147

................

3.00

8/20/44

87

100

Government

National

Mortgage

Association

,

Pool

#MA6338

................

3.00

12/20/49

89

140

Government

National

Mortgage

Association

,

Pool

#MA4195

................

3.00

1/20/47

126

21

Government

National

Mortgage

Association

,

Pool

#MA3243

................

3.00

11/20/45

19

53

Government

National

Mortgage

Association

,

Pool

#MA3596

................

3.00

4/20/46

48

117

Government

National

Mortgage

Association

,

Pool

#MA3735

................

3.00

6/20/46

105

15

Government

National

Mortgage

Association

,

Pool

#MA4559

................

3.00

7/20/32

14

186

HC

CAPITAL

TRUST

The

U.S.

Mortgage/Asset

Backed

Fixed

Income

Securities

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Principal

Amount  

(000)

Security

Description

Rate

%

Maturity  

Date

Value

(000)

U.S.

Government

Agency

Mortgages

(continued)

$

8

Government

National

Mortgage

Association

,

Pool

#MA2797

................

3.00

5/20/30

$

8

42

Government

National

Mortgage

Association

,

Pool

#MA2754

................

3.50

4/20/45

39

11

Government

National

Mortgage

Association

,

Pool

#MA5762

................

3.50

2/20/49

10

85

Government

National

Mortgage

Association

,

Pool

#MA3034

................

3.50

8/20/45

79

15

Government

National

Mortgage

Association

,

Pool

#MA3937

................

3.50

9/20/46

14

57

Government

National

Mortgage

Association

,

Pool

#MA5136

................

3.50

4/20/48

53

66

Government

National

Mortgage

Association

,

Pool

#MA3597

................

3.50

4/20/46

61

68

Government

National

Mortgage

Association

,

Pool

#MA2892

................

3.50

6/20/45

63

118

Government

National

Mortgage

Association

,

Pool

#MA0462

................

3.50

10/20/42

109

454

Government

National

Mortgage

Association

,

Pool

#MA8149

................

3.50

7/20/52

413

34

Government

National

Mortgage

Association

,

Pool

#MA1919

................

3.50

5/20/44

31

61

Government

National

Mortgage

Association

,

Pool

#MA4262

................

3.50

2/20/47

57

82

Government

National

Mortgage

Association

,

Pool

#MA0088

................

3.50

5/20/42

76

53

Government

National

Mortgage

Association

,

Pool

#778157

.................

3.50

3/15/42

49

209

Government

National

Mortgage

Association

,

Pool

#MA0220

................

3.50

7/20/42

194

231

Government

National

Mortgage

Association

,

Pool

#MA8266

................

3.50

9/20/52

210

62

Government

National

Mortgage

Association

,

Pool

#MA4900

................

3.50

12/20/47

57

65

Government

National

Mortgage

Association

,

Pool

#MA4321

................

3.50

3/20/47

60

107

Government

National

Mortgage

Association

,

Pool

#MA5019

................

3.50

2/20/48

98

14

Government

National

Mortgage

Association

,

Pool

#MA6339

................

3.50

12/20/49

13

23

Government

National

Mortgage

Association

,

Pool

#BD5909

................

3.50

10/15/47

21

103

Government

National

Mortgage

Association

,

Pool

#MA0852

................

3.50

3/20/43

95

46

Government

National

Mortgage

Association

,

Pool

#MA4586

................

3.50

7/20/47

42

90

Government

National

Mortgage

Association

,

Pool

#MA3521

................

3.50

3/20/46

84

53

Government

National

Mortgage

Association

,

Pool

#MA3663

................

3.50

5/20/46

49

42

Government

National

Mortgage

Association

,

Pool

#MA5263

................

3.50

6/20/48

39

365

Government

National

Mortgage

Association

,

Pool

#MA8199

................

3.50

8/20/52

332

97

Government

National

Mortgage

Association

,

Pool

#MA4196

................

3.50

1/20/47

90

11

Government

National

Mortgage

Association

,

Pool

#MA6219

................

3.50

10/20/49

10

9

Government

National

Mortgage

Association

,

Pool

#MA5875

................

3.50

4/20/49

8

97

Government

National

Mortgage

Association

,

Pool

#MA3173

................

3.50

10/20/45

90

119

Government

National

Mortgage

Association

,

Pool

#MA2073

................

3.50

7/20/44

112

29

Government

National

Mortgage

Association

,

Pool

#MA4451

................

3.50

5/20/47

27

69

Government

National

Mortgage

Association

,

Pool

#MA4004

................

3.50

10/20/46

64

64

Government

National

Mortgage

Association

,

Pool

#MA0022

................

3.50

4/20/42

59

15

Government

National

Mortgage

Association

,

Pool

#AD2416

................

3.50

5/15/43

14

168

Government

National

Mortgage

Association

,

Pool

#MA2148

................

3.50

8/20/44

157

76

Government

National

Mortgage

Association

,

Pool

#MA3244

................

3.50

11/20/45

70

74

Government

National

Mortgage

Association

,

Pool

#MA2303

................

3.50

10/20/44

69

2

Government

National

Mortgage

Association

,

Pool

#AL8566

................

3.50

3/15/45

2

44

Government

National

Mortgage

Association

,

Pool

#MA4510

................

3.50

6/20/47

41

3

Government

National

Mortgage

Association

,

Pool

#MA1266

................

3.50

9/20/28

3

8

Government

National

Mortgage

Association

,

Pool

#MA6410

................

3.50

1/20/50

8

10

Government

National

Mortgage

Association

,

Pool

#MA6475

................

3.50

2/20/50

9

12

Government

National

Mortgage

Association

,

Pool

#MA6711

................

3.50

6/20/50

11

58

Government

National

Mortgage

Association

,

Pool

#783976

.................

3.50

4/20/43

54

75

Government

National

Mortgage

Association

,

Pool

#AM4971

................

3.50

4/20/45

68

38

Government

National

Mortgage

Association

,

Pool

#MA1838

................

3.50

4/20/44

36

56

Government

National

Mortgage

Association

,

Pool

#MA4719

................

3.50

9/20/47

52

63

Government

National

Mortgage

Association

,

Pool

#MA4652

................

3.50

8/20/47

58

62

Government

National

Mortgage

Association

,

Pool

#MA4069

................

3.50

11/20/46

57

118

Government

National

Mortgage

Association

,

Pool

#MA1157

................

3.50

7/20/43

110

36

Government

National

Mortgage

Association

,

Pool

#AC3938

................

3.50

1/15/43

33

41

Government

National

Mortgage

Association

,

Pool

#MA2445

................

3.50

12/20/44

39

83

Government

National

Mortgage

Association

,

Pool

#MA4127

................

3.50

12/20/46

77

38

Government

National

Mortgage

Association

,

Pool

#740798

.................

3.50

1/15/42

35

50

Government

National

Mortgage

Association

,

Pool

#MA2961

................

3.50

7/20/45

46

36

Government

National

Mortgage

Association

,

Pool

#MA2371

................

3.50

11/20/44

33

69

Government

National

Mortgage

Association

,

Pool

#MA4382

................

3.50

4/20/47

64

187

HC

CAPITAL

TRUST

The

U.S.

Mortgage/Asset

Backed

Fixed

Income

Securities

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Principal

Amount  

(000)

Security

Description

Rate

%

Maturity  

Date

Value

(000)

U.S.

Government

Agency

Mortgages

(continued)

$

43

Government

National

Mortgage

Association

,

Pool

#MA4778

................

3.50

10/20/47

$

40

48

Government

National

Mortgage

Association

,

Pool

#MA3736

................

3.50

6/20/46

44

6

Government

National

Mortgage

Association

,

Pool

#MA1574

................

3.50

1/20/29

6

37

Government

National

Mortgage

Association

,

Pool

#MA3454

................

3.50

2/20/46

34

51

Government

National

Mortgage

Association

,

Pool

#MA3874

................

3.50

8/20/46

47

51

Government

National

Mortgage

Association

,

Pool

#MA5077

................

3.50

3/20/48

48

55

Government

National

Mortgage

Association

,

Pool

#MA3803

................

3.50

7/20/46

51

52

Government

National

Mortgage

Association

,

Pool

#MA3310

................

3.50

12/20/45

48

62

Government

National

Mortgage

Association

,

Pool

#MA0699

................

3.50

1/20/43

57

13

Government

National

Mortgage

Association

,

Pool

#796271

.................

3.50

7/15/42

12

83

Government

National

Mortgage

Association

,

Pool

#MA4837

................

3.50

11/20/47

76

103

Government

National

Mortgage

Association

,

Pool

#MA0934

................

3.50

4/20/43

95

7

Government

National

Mortgage

Association

,

Pool

#738602

.................

3.50

8/15/26

7

67

Government

National

Mortgage

Association

,

Pool

#MA3376

................

3.50

1/20/46

62

116

Government

National

Mortgage

Association

,

Pool

#MA1090

................

3.50

6/20/43

108

63

Government

National

Mortgage

Association

,

Pool

#MA2678

................

3.50

3/20/45

59

17

Government

National

Mortgage

Association

,

Pool

#738710

.................

4.00

9/15/41

16

34

Government

National

Mortgage

Association

,

Pool

#MA4263

................

4.00

2/20/47

32

58

Government

National

Mortgage

Association

,

Pool

#MA1761

................

4.00

3/20/44

56

76

Government

National

Mortgage

Association

,

Pool

#MA4452

................

4.00

5/20/47

72

12

Government

National

Mortgage

Association

,

Pool

#MA3106

................

4.00

9/20/45

12

62

Government

National

Mortgage

Association

,

Pool

#MA2224

................

4.00

9/20/44

59

14

Government

National

Mortgage

Association

,

Pool

#MA3455

................

4.00

2/20/46

14

16

Government

National

Mortgage

Association

,

Pool

#MA5931

................

4.00

5/20/49

15

70

Government

National

Mortgage

Association

,

Pool

#MA2074

................

4.00

7/20/44

67

13

Government

National

Mortgage

Association

,

Pool

#MA6091

................

4.00

8/20/49

12

13

Government

National

Mortgage

Association

,

Pool

#MA6155

................

4.00

9/20/49

12

52

Government

National

Mortgage

Association

,

Pool

#MA2304

................

4.00

10/20/44

50

25

Government

National

Mortgage

Association

,

Pool

#MA1286

................

4.00

9/20/43

24

23

Government

National

Mortgage

Association

,

Pool

#MA2149

................

4.00

8/20/44

22

17

Government

National

Mortgage

Association

,

Pool

#740068

.................

4.00

9/15/40

16

44

Government

National

Mortgage

Association

,

Pool

#MA0319

................

4.00

8/20/42

42

41

Government

National

Mortgage

Association

,

Pool

#MA4197

................

4.00

1/20/47

39

13

Government

National

Mortgage

Association

,

Pool

#MA5986

................

4.00

6/20/49

12

8

Government

National

Mortgage

Association

,

Pool

#766495

.................

4.00

10/15/41

8

11

Government

National

Mortgage

Association

,

Pool

#4922

..................

4.00

1/20/41

10

40

Government

National

Mortgage

Association

,

Pool

#MA5078

................

4.00

3/20/48

38

22

Government

National

Mortgage

Association

,

Pool

#MA3245

................

4.00

11/20/45

21

377

Government

National

Mortgage

Association

,

Pool

#MA8200

................

4.00

8/20/52

353

45

Government

National

Mortgage

Association

,

Pool

#AB1483

................

4.00

8/15/42

44

19

Government

National

Mortgage

Association

,

Pool

#MA0155

................

4.00

6/20/42

18

48

Government

National

Mortgage

Association

,

Pool

#MA4511

................

4.00

6/20/47

46

26

Government

National

Mortgage

Association

,

Pool

#MA3737

................

4.00

6/20/46

25

44

Government

National

Mortgage

Association

,

Pool

#MA3598

................

4.00

4/20/46

42

14

Government

National

Mortgage

Association

,

Pool

#MA4322

................

4.00

3/20/47

13

8

Government

National

Mortgage

Association

,

Pool

#MA3174

................

4.00

10/20/45

7

43

Government

National

Mortgage

Association

,

Pool

#MA2522

................

4.00

1/20/45

41

19

Government

National

Mortgage

Association

,

Pool

#AD5627

................

4.00

4/15/43

18

48

Government

National

Mortgage

Association

,

Pool

#MA1449

................

4.00

11/20/43

45

53

Government

National

Mortgage

Association

,

Pool

#MA4653

................

4.00

8/20/47

50

36

Government

National

Mortgage

Association

,

Pool

#MA1678

................

4.00

2/20/44

35

27

Government

National

Mortgage

Association

,

Pool

#AM8203

................

4.00

5/15/45

26

29

Government

National

Mortgage

Association

,

Pool

#MA2602

................

4.00

2/20/45

28

46

Government

National

Mortgage

Association

,

Pool

#MA1376

................

4.00

10/20/43

45

46

Government

National

Mortgage

Association

,

Pool

#MA4383

................

4.00

4/20/47

43

85

Government

National

Mortgage

Association

,

Pool

#MA4587

................

4.00

7/20/47

81

72

Government

National

Mortgage

Association

,

Pool

#MA1839

................

4.00

4/20/44

69

26

Government

National

Mortgage

Association

,

Pool

#MA1996

................

4.00

6/20/44

25

148

Government

National

Mortgage

Association

,

Pool

#5139

..................

4.00

8/20/41

142

188

HC

CAPITAL

TRUST

The

U.S.

Mortgage/Asset

Backed

Fixed

Income

Securities

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Principal

Amount  

(000)

Security

Description

Rate

%

Maturity  

Date

Value

(000)

U.S.

Government

Agency

Mortgages

(continued)

$

8

Government

National

Mortgage

Association

,

Pool

#MA6040

................

4.00

7/20/49

$

8

7

Government

National

Mortgage

Association

,

Pool

#779401

.................

4.00

6/15/42

7

468

Government

National

Mortgage

Association

,

Pool

#MA8267

................

4.00

9/20/52

438

51

Government

National

Mortgage

Association

,

Pool

#MA5595

................

4.00

11/20/48

49

12

Government

National

Mortgage

Association

,

Pool

#AV6086

................

4.00

7/15/47

11

72

Government

National

Mortgage

Association

,

Pool

#MA5466

................

4.00

9/20/48

69

11

Government

National

Mortgage

Association

,

Pool

#MA5330

................

4.00

7/20/48

11

39

Government

National

Mortgage

Association

,

Pool

#MA5876

................

4.00

4/20/49

37

19

Government

National

Mortgage

Association

,

Pool

#753254

.................

4.00

9/15/43

18

40

Government

National

Mortgage

Association

,

Pool

#MA3377

................

4.00

1/20/46

39

39

Government

National

Mortgage

Association

,

Pool

#713876

.................

4.00

8/15/39

38

39

Government

National

Mortgage

Association

,

Pool

#MA5710

................

4.00

1/20/49

37

247

Government

National

Mortgage

Association

,

Pool

#MA8488

................

4.00

12/20/52

231

559

Government

National

Mortgage

Association

,

Pool

#MA8877

................

4.50

5/20/53

537

11

Government

National

Mortgage

Association

,

Pool

#MA4721

................

4.50

9/20/47

11

10

Government

National

Mortgage

Association

,

Pool

#729511

.................

4.50

4/15/40

10

5

Government

National

Mortgage

Association

,

Pool

#BB7097

................

4.50

8/15/47

5

8

Government

National

Mortgage

Association

,

Pool

#MA4129

................

4.50

12/20/46

8

152

Government

National

Mortgage

Association

,

Pool

#721760

.................

4.50

8/15/40

148

11

Government

National

Mortgage

Association

,

Pool

#MA5711

................

4.50

1/20/49

11

13

Government

National

Mortgage

Association

,

Pool

#MA4780

................

4.50

10/20/47

13

31

Government

National

Mortgage

Association

,

Pool

#MA0701

................

4.50

1/20/43

31

49

Government

National

Mortgage

Association

,

Pool

#MA2756

................

4.50

4/20/45

48

16

Government

National

Mortgage

Association

,

Pool

#MA3805

................

4.50

7/20/46

16

6

Government

National

Mortgage

Association

,

Pool

#MA5987

................

4.50

6/20/49

6

208

Government

National

Mortgage

Association

,

Pool

#4801

..................

4.50

9/20/40

206

363

Government

National

Mortgage

Association

,

Pool

#MA8151

................

4.50

7/20/52

350

3

Government

National

Mortgage

Association

,

Pool

#MA5877

................

4.50

4/20/49

3

383

Government

National

Mortgage

Association

,

Pool

#MA8724

................

4.50

3/20/53

368

18

Government

National

Mortgage

Association

,

Pool

#MA1092

................

4.50

6/20/43

18

56

Government

National

Mortgage

Association

,

Pool

#5260

..................

4.50

12/20/41

55

54

Government

National

Mortgage

Association

,

Pool

#MA1762

................

4.50

3/20/44

53

30

Government

National

Mortgage

Association

,

Pool

#MA5818

................

4.50

3/20/49

30

38

Government

National

Mortgage

Association

,

Pool

#MA4384

................

4.50

4/20/47

37

85

Government

National

Mortgage

Association

,

Pool

#717148

.................

4.50

5/15/39

83

35

Government

National

Mortgage

Association

,

Pool

#MA5652

................

4.50

12/20/48

34

5

Government

National

Mortgage

Association

,

Pool

#MA5529

................

4.50

10/20/48

5

3

Government

National

Mortgage

Association

,

Pool

#MA5764

................

4.50

2/20/49

3

28

Government

National

Mortgage

Association

,

Pool

#MA4512

................

4.50

6/20/47

27

9

Government

National

Mortgage

Association

,

Pool

#MA5399

................

4.50

8/20/48

9

9

Government

National

Mortgage

Association

,

Pool

#MA5596

................

4.50

11/20/48

9

21

Government

National

Mortgage

Association

,

Pool

#MA5467

................

4.50

9/20/48

21

13

Government

National

Mortgage

Association

,

Pool

#738793

.................

4.50

9/15/41

13

15

Government

National

Mortgage

Association

,

Pool

#MA5597

................

5.00

11/20/48

15

150

Government

National

Mortgage

Association

,

Pool

#4559

..................

5.00

10/20/39

152

394

Government

National

Mortgage

Association

,

Pool

#MA9105

................

5.00

8/20/53

387

9

Government

National

Mortgage

Association

,

Pool

#MA5530

................

5.00

10/20/48

9

378

Government

National

Mortgage

Association

,

Pool

#MA8647

................

5.00

2/20/53

372

32

Government

National

Mortgage

Association

,

Pool

#604285

.................

5.00

5/15/33

32

395

Government

National

Mortgage

Association

,

Pool

#MA9170

................

5.00

9/20/53

388

9

Government

National

Mortgage

Association

,

Pool

#MA5933

................

5.00

5/20/49

9

8

Government

National

Mortgage

Association

,

Pool

#MA5080

................

5.00

3/20/48

8

31

Government

National

Mortgage

Association

,

Pool

#MA2076

................

5.00

7/20/44

31

4

Government

National

Mortgage

Association

,

Pool

#MA5988

................

5.00

6/20/49

3

9

Government

National

Mortgage

Association

,

Pool

#MA5400

................

5.00

8/20/48

9

9

Government

National

Mortgage

Association

,

Pool

#MA5819

................

5.00

3/20/49

8

393

Government

National

Mortgage

Association

,

Pool

#MA9016

................

5.00

7/20/53

386

8

Government

National

Mortgage

Association

,

Pool

#MA5765

................

5.00

2/20/49

8

198

Government

National

Mortgage

Association

,

Pool

#MA9240

................

5.00

10/20/53

195

189

HC

CAPITAL

TRUST

The

U.S.

Mortgage/Asset

Backed

Fixed

Income

Securities

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Principal

Amount  

(000)

Security

Description

Rate

%

Maturity  

Date

Value

(000)

U.S.

Government

Agency

Mortgages

(continued)

$

18

Government

National

Mortgage

Association

,

Pool

#MA4007

................

5.00

10/20/46

$

18

5

Government

National

Mortgage

Association

,

Pool

#MA0465

................

5.00

10/20/42

5

69

Government

National

Mortgage

Association

,

Pool

#782523

.................

5.00

11/15/35

69

3

Government

National

Mortgage

Association

,

Pool

#MA5653

................

5.00

12/20/48

3

9

Government

National

Mortgage

Association

,

Pool

#782468

.................

5.00

11/15/38

9

22

Government

National

Mortgage

Association

,

Pool

#712690

.................

5.00

4/15/39

22

44

Government

National

Mortgage

Association

,

Pool

#694531

.................

5.00

11/15/38

44

12

Government

National

Mortgage

Association

,

Pool

#675179

.................

5.00

3/15/38

12

385

Government

National

Mortgage

Association

,

Pool

#MA8800

................

5.00

4/20/53

378

4

Government

National

Mortgage

Association

,

Pool

#MA5712

................

5.00

1/20/49

3

5

Government

National

Mortgage

Association

,

Pool

#658181

.................

5.50

11/15/36

5

236

Government

National

Mortgage

Association

,

Pool

#MA8801

................

5.50

4/20/53

236

27

Government

National

Mortgage

Association

,

Pool

#510835

.................

5.50

2/15/35

27

6

Government

National

Mortgage

Association

,

Pool

#MA0466

................

5.50

10/20/42

6

398

Government

National

Mortgage

Association

,

Pool

#MA9362

................

5.50

12/20/53

398

397

Government

National

Mortgage

Association

,

Pool

#MA9305

................

5.50

11/20/53

397

391

Government

National

Mortgage

Association

,

Pool

#MA9017

................

5.50

7/20/53

388

50

Government

National

Mortgage

Association

,

Pool

#783284

.................

5.50

6/20/40

52

193

Government

National

Mortgage

Association

,

Pool

#MA8948

................

5.50

6/20/53

193

297

Government

National

Mortgage

Association

,

Pool

#MA9241

................

5.50

10/20/53

297

24

Government

National

Mortgage

Association

,

Pool

#4222

..................

6.00

8/20/38

25

27

Government

National

Mortgage

Association

,

Pool

#4245

..................

6.00

9/20/38

28

395

Government

National

Mortgage

Association

,

Pool

#MA9018

................

6.00

7/20/53

399

24

Government

National

Mortgage

Association

,

Pool

#781959

.................

6.00

7/15/35

24

7

Government

National

Mortgage

Association

,

Pool

#699237

.................

6.50

9/15/38

7

396

Government

National

Mortgage

Association

,

Pool

#MA9364

................

6.50

12/20/53

403

1,725

Government

National

Mortgage

Association,

30

YR

TBA

..................

2.00

4/20/54

1,414

25

Government

National

Mortgage

Association,

30

YR

TBA

..................

2.00

5/20/54

21

150

Government

National

Mortgage

Association,

30

YR

TBA

..................

2.50

4/20/54

128

50

Government

National

Mortgage

Association,

30

YR

TBA

..................

2.50

5/20/54

43

25

Government

National

Mortgage

Association,

30

YR

TBA

..................

3.00

5/20/54

22

375

Government

National

Mortgage

Association,

30

YR

TBA

..................

3.00

4/20/54

331

25

Government

National

Mortgage

Association,

30

YR

TBA

..................

3.50

5/20/54

23

200

Government

National

Mortgage

Association,

30

YR

TBA

..................

3.50

4/20/54

182

500

Government

National

Mortgage

Association,

30

YR

TBA

..................

4.00

4/20/54

468

750

Government

National

Mortgage

Association,

30

YR

TBA

..................

4.50

4/20/54

721

50

Government

National

Mortgage

Association,

30

YR

TBA

..................

4.50

5/20/54

48

200

Government

National

Mortgage

Association,

30

YR

TBA

..................

5.00

4/20/54

197

125

Government

National

Mortgage

Association,

30

YR

TBA

..................

5.00

5/20/54

123

200

Government

National

Mortgage

Association,

30

YR

TBA

..................

5.50

5/20/54

200

350

Government

National

Mortgage

Association,

30

YR

TBA

..................

5.50

4/20/54

350

1,400

Government

National

Mortgage

Association,

30

YR

TBA

..................

6.00

4/20/54

1,412

75

Government

National

Mortgage

Association,

30

YR

TBA

..................

6.00

5/20/54

76

725

Government

National

Mortgage

Association,

30

YR

TBA

..................

6.50

4/20/54

737

25

Government

National

Mortgage

Association,

30

YR

TBA

..................

6.50

5/20/54

25

425

Government

National

Mortgage

Association,

30

YR

TBA

..................

7.00

4/20/54

434

25

Government

National

Mortgage

Association,

30

YR

TBA

..................

7.00

5/20/54

26

Total

U.S.

Government

Agency

Mortgages

...........................

182,281

Corporate

Bond

—

0

.10

%

225

PG&E

Wildfire

Recovery

Funding

LLC

(

Electric

Utilities

)

................

5.10

6/1/52

222

Total

Corporate

Bond

...........................................

222

190

HC

CAPITAL

TRUST

The

U.S.

Mortgage/Asset

Backed

Fixed

Income

Securities

Portfolio

of

Investments

(concluded)

—

March

31,

2024

(Unaudited)

The

following

table

reflects

the

percentage

of

total

net

assets

of

the

Portfolio

attributable

to

each

Specialist

Manager

as

of

March

31,

2024

.

Amounts

designated

as

"—"

indicate

the

Specialist

Manager

did

not

manage

any

holdings

in

that

category. 

Shares

Security

Description

Rate

%

Maturity

Date

Value

(000)

Investment

Companies

—

18

.29

%

Domestic

Fixed

Income

—

8

.94

%

339,900

Vanguard

Intermediate-Term

Treasury

ETF

............................

$

19,901

Money

Market

Funds

—

9

.35

%

20,851,139

State

Street

Institutional

Treasury

Plus

Money

Market

Fund,

Trust

Class

........

5.20(b)

20,851

Total

Investment

Companies

......................................

40,752

Total

Investments

Before

TBA

Sale

Commitments

237,853

(cost

$

261,521

)

—

106

.75

%

.......................................

Principal

Amount  

(000)

TBA

Sale

Commitments

(c)

—

(

0

.03

)

%

$

(

75

)

Fannie

Mae,

30

YR

TBA

.........................................

2.00

4/25/54

(

59

)

Total

TBA

Sale

Commitments

.....................................

(

59

)

Liabilities

in

excess

of

other

assets

—

(

6

.72

)

%

.........................

(

14,964

)

Net

Assets

—

100.00%

..........................................

$

222,830

(a)

The

rate

for

certain

asset-backed

and

mortgage-backed

securities

may

vary

based

on

factors

relating

to

the

pool

of

assets

underlying

the

security.  The

rate

disclosed

is

the

rate

in

effect

on

March

31,

2024.

(b)

Annualized

7-day

yield

as

of

period-end.

(c)

Represents

a

"to

be

announced"

transaction.

The

Portfolio

has

committed

to

sell

securities

for

which

all

specific

information

is

not

available

at

this

time.

ETF—Exchange-Traded

Fund

TBA

—

To

Be

Announced

purchase

or

sale

commitment.

Security

is

subject

to

delayed

delivery

The

U.S.

Mortgage/Asset

Backed

Fixed

Income

Securities

Portfolio

Mellon

Investments

Corporation

Parametric

Portfolio

Associates,

LLC

(Options

Overlay)

HC

Capital

Solutions

Total

Asset

Backed

Securities

..................................................................................................................

1.59

%

—

—

1.59

%

Collateralized

Mortgage

Obligations

Companies

............................................................................

4.96

%

—

—

4.96

%

U.S.

Government

Agency

Mortgages

.............................................................................................

81.81

%

—

—

81.81

%

Corporate

Bond

...............................................................................................................................

0.10

%

—

—

0.10

%

Investment

Company

......................................................................................................................

7.00

%

9.96

%

1.33

%

18.29

%

TBA

Sale

Commitments

.................................................................................................................

-0.03

%

—

—

-0.03

%

Other

Assets

(Liabilities)

.................................................................................................................

-6.74

%

—

0.02

%

-6.72

%

Total

Net

Assets

..........................................................................................................................

88.69

%

9.96

%

1.35

%

100.00

%

HC

CAPITAL

TRUST

The

Short-Term

Municipal

Bond

Portfolio

Portfolio

of

Investments

—

March

31,

2024

(Unaudited)

191

Principal

Amount  

(000)

Security

Description

Rate

%

Maturity  

Date

Value

(000)

Municipal

Bonds

—

98

.72

%

Alabama

—

7

.95

%

$

1,130

Auburn

University

Revenue

,

Series

A

Continuously

Callable

@100

...........

5.00

6/1/28

$

1,151

2,315

City

of

Huntsville

AL,

GO

,

Series

A

.................................

5.00

3/1/27

2,453

1,725

County

of

Baldwin

AL,

GO

Continuously

Callable

@100

..................

5.00

5/1/25

1,742

5,346

Arizona

—

5

.62

%

990

Arizona

Department

of

Transportation

State

Highway

Fund

Revenue

.........

5.00

7/1/28

1,081

1,275

Maricopa

County

Industrial

Development

Authority

Revenue

,

Series

D

........

5.00(a)

1/1/46

1,315

1,350

Maricopa

County

Unified

School

District

No.

41

Gilbert,

GO

,

Series

C

........

5.00

7/1/25

1,380

3,776

Arkansas

—

3

.42

%

2,295

Rogers

School

District

No.

30,

GO

Continuously

Callable

@100

(

State

Aid

Withholding

)

..............................................

4.00

2/1/26

2,300

Georgia

—

1

.99

%

1,300

State

of

Georgia,

GO

,

Series

C

.....................................

4.00

1/1/27

1,338

Illinois

—

4

.34

%

1,900

Metropolitan

Water

Reclamation

District

of

Greater

Chicago,

GO

,

Series

C

.....

5.00

12/1/24

1,917

935

State

of

Illinois,

GO

,

Series

D

.....................................

5.00

11/1/27

999

2,916

Indiana

—

4

.01

%

2,660

Indiana

Finance

Authority

Revenue

,

Series

A

(Pre-Refunded/Escrowed

to

Maturity)

5.00

3/1/39

2,697

Iowa

—

3

.27

%

1,000

City

of

Ankeny

IA,

GO

,

Series

A

...................................

5.00

6/1/25

1,019

605

City

of

Dubuque

IA,

GO

,

Series

A

..................................

2.00

6/1/24

603

550

Linn-Mar

Community

School

District,

GO

Continuously

Callable

@100

(

BAM

)

..

5.00

5/1/27

574

2,196

Kansas

—

6

.17

%

2,540

Kansas

Development

Finance

Authority

Revenue

,

Series

D

................

5.00

4/1/25

2,581

1,465

Riley

County

Unified

School

District

No.

383

Manhattan-Ogden,

GO

,

Series

A

(Pre-

Refunded/Escrowed

to

Maturity)

...............................

5.00

9/1/36

1,569

4,150

Maryland

—

8

.56

%

900

County

of

Baltimore

MD,

GO

.....................................

5.00

3/1/31

1,036

1,160

County

of

Harford

MD,

GO

,

Series

B

................................

5.00

2/1/26

1,200

1,640

County

of

Prince

George's

MD,

GO

,

Series

A

..........................

5.00

8/1/28

1,796

1,640

State

of

Maryland

Department

of

Transportation

Revenue

..................

5.00

10/1/26

1,720

5,752

Massachusetts

—

2

.38

%

1,545

Massachusetts

School

Building

Authority

Revenue

,

Series

A

(Pre-Refunded/

Escrowed

to

Maturity)

.......................................

5.00

2/15/49

1,601

Michigan

—

1

.56

%

1,065

Michigan

State

Housing

Development

Authority

Revenue

,

Series

A-1

Continuously

Callable

@100

............................................

0.65

10/1/24

1,051

Minnesota

—

3

.36

%

1,270

State

of

Minnesota,

GO

,

Series

A

...................................

5.00

9/1/28

1,393

750

University

of

Minnesota

Revenue

,

Series

B

............................

5.00

2/1/32

868

2,261

192

HC

CAPITAL

TRUST

The

Short-Term

Municipal

Bond

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Principal

Amount  

(000)

Security

Description

Rate

%

Maturity  

Date

Value

(000)

Municipal

Bonds

(continued)

Missouri

—

1

.68

%

$

1,100

Lindbergh

School

District,

GO

.....................................

4.00

3/1/27

$

1,133

Nebraska

—

3

.16

%

2,060

Nebraska

Public

Power

District

Revenue

,

Series

A

.......................

5.00

1/1/26

2,124

New

Jersey

—

6

.57

%

1,250

New

Jersey

Health

Care

Facilities

Financing

Authority

Revenue

,

Series

A

Continuously

Callable

@100

..................................

5.00

7/1/30

1,302

3,000

State

of

New

Jersey,

GO

,

Series

A

...................................

5.00

6/1/26

3,113

4,415

New

York

—

2

.76

%

1,610

New

York

State

Dormitory

Authority

Revenue

,

Series

A-1

.................

5.00

3/15/31

1,856

Oregon

—

1

.99

%

1,250

Oregon

State

Lottery

Revenue

,

Series

A

Continuously

Callable

@100

.........

5.00

4/1/30

1,340

South

Dakota

—

3

.23

%

1,905

South

Dakota

Conservancy

District

Revenue

,

Series

B

....................

5.00

8/1/30

2,171

Texas

—

4

.79

%

1,015

Conroe

Independent

School

District,

GO

(

PSF-GTD

)

.....................

5.00

2/15/25

1,028

1,150

Round

Rock

Independent

School

District,

GO

(

PSF-GTD

)

.................

5.00

8/1/25

1,176

1,000

Spring

Branch

Independent

School

District,

GO

(

PSF-GTD

)

................

5.00

2/1/25

1,013

3,217

Utah

—

3

.69

%

2,340

Alpine

School

District,

GO

,

Series

A

(

SCH

BD

GTY

)

.....................

4.00

3/15/29

2,481

Virginia

—

3

.84

%

900

City

of

Fredericksburg

VA,

GO

,

Series

A

(

State

Aid

Withholding

)

............

5.00

10/1/29

1,016

1,505

Hampton

Roads

Transportation

Accountability

Commission

Revenue

,

Series

A

..

5.00

7/1/26

1,564

2,580

Washington

—

7

.11

%

1,260

Central

Puget

Sound

Regional

Transit

Authority

Revenue

(Pre-Refunded/Escrowed

to

Maturity)

..............................................

4.00

11/1/50

1,274

1,260

County

of

King

WA,

GO

,

Series

B

..................................

5.00

7/1/25

1,287

585

King

County

School

District

No.

405

Bellevue,

GO

(

SCH

BD

GTY

)

..........

5.00

12/1/24

591

1,590

State

of

Washington,

GO

,

Series

R-2022C

.............................

4.00

7/1/26

1,625

4,777

West

Virginia

—

3

.16

%

2,130

Jefferson

County

Board

of

Education,

GO

.............................

2.00

6/1/24

2,125

Wisconsin

—

4

.11

%

2,700

State

of

Wisconsin,

GO

Continuously

Callable

@100

.....................

5.00

5/1/29

2,760

Total

Municipal

Bonds

..........................................

66,363

193

HC

CAPITAL

TRUST

The

Short-Term

Municipal

Bond

Portfolio

Portfolio

of

Investments

(concluded)

—

March

31,

2024

(Unaudited)

As

of

March

31,

2024

,

100%

of

the

Portfolio’s

net

assets

were

managed

by

Breckinridge

Capital

Advisors,

Inc.

Shares

Security

Description

Rate

%

Maturity

Date

Value

(000)

Investment

Company

—

0

.19

%

Money

Market

Funds

—

0

.19

%

129,502

State

Street

Institutional

Treasury

Plus

Money

Market

Fund,

Trust

Class

........

5.20(b)

$

130

Total

Investment

Company

.......................................

130

Total

Investments

(cost

$

66,951

)

—

98

.91

%

..........................

66,493

Other

assets

in

excess

of

liabilities

—

1

.09

%

..........................

732

Net

Assets

—

100.00%

..........................................

$

67,225

(a)

Interest

rate

is

determined

by

the

Remarketing

Agent.  The

rate

disclosed

is

the

rate

in

effect

on

March

31,

2024.

(b)

Annualized

7-day

yield

as

of

period-end.

BAM—Build

America

Mutual

GO—General

Obligation

PSF-GTD—Public

School

Fund

Guaranteed

SCH

BD

GTY—School

Board

Guaranty

HC

CAPITAL

TRUST

The

Intermediate

Term

Municipal

Bond

Portfolio

Portfolio

of

Investments

—

March

31,

2024

(Unaudited)

194

Principal

Amount  

(000)

Security

Description

Rate

%

Maturity  

Date

Value

(000)

Municipal

Bonds

—

86.94%

Alabama

—

2.38%

$

1,415

Alabama

Special

Care

Facilities

Financing

Authority-Birmingham

AL

Revenue

Continuously

Callable

@100 

..................................

5.00

6/1/29

$

1,454

1,675

Auburn

University

Revenue,

Series

A 

................................

5.00

6/1/26

1,742

2,895

Black

Belt

Energy

Gas

District

Revenue,

Callable

9/1/31

@

100.53 

...........

4.00(a)

6/1/51

2,913

1,500

Black

Belt

Energy

Gas

District

Revenue,

Series

B,

Callable

9/1/30

@

100.32 

....

5.25

12/1/53

1,599

1,525

County

of

Jefferson

AL

Sewer

Revenue

Continuously

Callable

@100 

.........

5.00

10/1/36

1,719

1,000

Energy

Southeast

A

Cooperative

District

Revenue,

Series

B-1,

Callable

8/1/31

@

100.08 

..................................................

5.75(a)

4/1/54

1,109

1,000

Troy

University

Revenue,

Series

A

(BAM)

.............................

5.00

11/1/26

1,048

11,584

Alaska

—

0.32%

1,495

State

of

Alaska,

GO,

Series

A

Continuously

Callable

@100 

................

5.00

8/1/29

1,542

Arizona

—

2.00%

1,555

City

of

Phoenix

Civic

Improvement

Corp.

Revenue,

Series

B

Continuously

Callable

@100

(AMT)

.............................................

5.00

7/1/30

1,672

1,685

City

of

Phoenix

Civic

Improvement

Corp.

Revenue,

Series

A

Continuously

Callable

@100 

...................................................

5.00

7/1/32

1,913

1,000

Maricopa

County

Union

High

School

District

No.

210-Phoenix,

GO 

..........

5.00

7/1/25

1,022

4,000

Salt

River

Project

Agricultural

Improvement

&

Power

District

Revenue,

Series

A

Continuously

Callable

@100 

..................................

5.00

12/1/36

4,072

1,015

State

of

Arizona

Certificates

of

Participation,

Series

A 

....................

5.00

10/1/25

1,042

9,721

California

—

1.26%

2,500

California

Community

Choice

Financing

Authority

Revenue,

Series

G,

Callable

1/1/30

@

100.19 

...........................................

5.25(a)

11/1/54

2,659

2,000

State

of

California,

GO

Continuously

Callable

@100 

.....................

5.00

9/1/33

2,373

1,000

State

of

California,

GO

Continuously

Callable

@100 

.....................

5.00

4/1/35

1,092

6,124

Colorado

—

2.86%

3,600

City

&

County

of

Denver

CO

Airport

System

Revenue,

Series

A

(AMT)

........

5.00

12/1/25

3,662

3,050

Colorado

Health

Facilities

Authority

Revenue,

Series

A 

...................

5.00

1/1/25

3,083

2,970

Denver

City

&

County

School

District

No.

1,

GO,

Series

A

(State

Aid

Withholding)

5.50

12/1/25

3,085

3,740

State

of

Colorado

Certificates

of

Participation,

Series

M

Continuously

Callable

@100 

...................................................

5.00

3/15/29

4,045

13,875

Connecticut

—

0.91%

1,085

Connecticut

State

Health

&

Educational

Facilities

Authority

Revenue,

Series

B 

..

5.00

12/1/26

1,132

1,500

State

of

Connecticut

Special

Tax

Revenue,

Series

D

Continuously

Callable

@100 

5.00

11/1/34

1,729

1,000

State

of

Connecticut,

GO,

Series

A 

..................................

4.00

1/15/29

1,059

465

State

of

Connecticut,

GO,

Series

E

Continuously

Callable

@100 

.............

5.00

9/15/32

509

4,429

Delaware

—

0.14%

620

Delaware

Transportation

Authority

Revenue

Continuously

Callable

@100 

......

5.00

7/1/32

704

District

of

Columbia

—

2.60%

1,500

District

of

Columbia

Revenue 

.....................................

5.00

4/1/25

1,522

2,500

District

of

Columbia

Revenue

Continuously

Callable

@100 

................

5.00

7/15/32

2,560

1,000

District

of

Columbia,

GO,

Series

D

Continuously

Callable

@100 

............

5.00

6/1/33

1,054

2,075

Metropolitan

Washington

Airports

Authority

Aviation

Revenue,

Series

A

Continuously

Callable

@100

(AMT)

.............................

4.00

10/1/36

2,102

2,000

Metropolitan

Washington

Airports

Authority

Aviation

Revenue,

Series

A

(AMT)

..

5.00

10/1/29

2,176

2,815

Washington

Metropolitan

Area

Transit

Authority

Dedicated

Revenue,

Series

A 

...

5.00

7/15/31

3,238

12,652

195

HC

CAPITAL

TRUST

The

Intermediate

Term

Municipal

Bond

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Principal

Amount  

(000)

Security

Description

Rate

%

Maturity  

Date

Value

(000)

Municipal

Bonds

(continued)

Florida

—

3.92%

$

2,000

Alachua

County

Health

Facilities

Authority

Revenue,

Callable

6/1/26

@

100.00 

..

5.00(a)

12/1/37

$

2,053

1,500

Central

Florida

Expressway

Authority

Revenue

(AGM)

....................

5.00

7/1/30

1,693

1,500

County

of

Lee

FL

Solid

Waste

System

Revenue

(AMT)

....................

5.00

10/1/25

1,529

955

County

of

Polk

FL

Utility

System

Revenue 

............................

5.00

10/1/27

1,022

1,000

Florida

Municipal

Power

Agency

Revenue,

Series

A 

.....................

5.00

10/1/25

1,027

2,030

JEA

Electric

System

Revenue,

Series

3A

Continuously

Callable

@100 

........

5.00

10/1/34

2,266

3,250

Orange

County

Convention

Center/Orlando

Revenue,

Series

B 

..............

5.00

10/1/25

3,320

3,295

Orlando

Utilities

Commission

Revenue,

Series

2018-A

Continuously

Callable

@100 

5.00

10/1/32

3,542

1,025

Palm

Beach

County

School

District

Certificates

of

Participation,

Series

A

Continuously

Callable

@100 

..................................

5.00

8/1/36

1,202

1,200

State

of

Florida,

GO,

Series

A 

......................................

5.00

7/1/30

1,374

19,028

Georgia

—

1.88%

5,000

Main

Street

Natural

Gas,

Inc.

Revenue,

Series

C,

Callable

6/1/26

@

100.50 

.....

4.00(a)

3/1/50

5,011

1,000

Savannah

Economic

Development

Authority

Revenue 

....................

1.90

8/1/24

987

1,000

State

of

Georgia,

GO,

Series

A

Continuously

Callable

@100 

................

3.00

8/1/36

948

815

State

of

Georgia,

GO,

Series

A 

.....................................

5.00

7/1/28

894

1,225

State

of

Georgia,

GO,

Series

C 

.....................................

4.00

1/1/28

1,281

9,121

Illinois

—

5.93%

455

Chicago

O'Hare

International

Airport

Revenue,

Series

C

(AMT)

.............

5.00

1/1/32

500

400

Chicago

O'Hare

International

Airport

Revenue,

Series

C

Continuously

Callable

@100

(AMT)

.............................................

5.00

1/1/33

438

58

City

of

Chicago

IL

Certificates

of

Participation,

Series

NT

Continuously

Callable

@100 

...................................................

7.46

2/15/26

43

2,335

City

of

Chicago

Il,

GO,

Series

A

Continuously

Callable

@100 

..............

4.00

1/1/36

2,371

1,375

Illinois

Finance

Authority

Revenue,

Series

B-2,

Callable

5/15/26

@

100.00 

.....

5.00(a)

5/15/50

1,420

1,650

Illinois

Municipal

Electric

Agency

Revenue,

Series

A

Continuously

Callable

@100 

4.00

2/1/35

1,657

1,000

Illinois

State

Toll

Highway

Authority

Revenue,

Series

B 

...................

5.00

1/1/25

1,013

3,035

Metropolitan

Water

Reclamation

District

of

Greater

Chicago,

GO,

Series

A

Continuously

Callable

@100 

..................................

5.00

12/1/27

3,183

1,420

Metropolitan

Water

Reclamation

District

of

Greater

Chicago,

GO,

Series

D 

.....

5.00

12/1/30

1,620

2,000

Regional

Transportation

Authority

Revenue

(AGM)

......................

6.00

6/1/25

2,035

3,000

Sales

Tax

Securitization

Corp.

Revenue,

Series

A 

........................

5.00

1/1/29

3,250

4,600

State

of

Illinois

Sales

Tax

Revenue,

Series

A

(BAM)

......................

5.00

6/15/25

4,674

1,000

State

of

Illinois,

GO,

Series

D 

.....................................

5.00

7/1/27

1,069

2,995

University

of

Illinois

Certificates

of

Participation,

Series

B

Continuously

Callable

@100 

...................................................

5.00

10/1/27

3,108

2,400

University

of

Illinois

Revenue,

Series

A 

..............................

5.00

4/1/25

2,441

28,822

Indiana

—

2.45%

2,500

City

of

Whiting

IN

Revenue

(AMT)

.................................

5.00(a)

12/1/44

2,539

1,350

Indiana

Finance

Authority

Revenue,

Series

A

Continuously

Callable

@100 

.....

5.00

10/1/34

1,576

3,655

Indiana

Finance

Authority

Revenue,

Series

B-3,

Callable

7/1/31

@

101.64 

......

5.00(a)

10/1/55

4,125

2,250

Indiana

Finance

Authority

Revenue,

Series

B,

Callable

1/1/25

@

100.00 

.......

2.25(a)

12/1/58

2,159

1,500

Indiana

Finance

Authority

Revenue,

Series

A 

...........................

3.13

12/1/24

1,491

11,890

Iowa

—

0.10%

450

Iowa

Tobacco

Settlement

Authority

Revenue,

Series

A-2,

Class

-

1

Continuously

Callable

@100 

............................................

5.00

6/1/32

485

Kentucky

—

1.69%

3,560

Kentucky

Public

Energy

Authority

Revenue,

Series

A-1,

Callable

5/1/30

@

100.38 

4.00(a)

8/1/52

3,554

3,115

Kentucky

Public

Energy

Authority

Revenue,

Series

A-1,

Callable

11/1/31

@

100.18 

5.25(a)

4/1/54

3,352

1,150

Louisville/Jefferson

County

Metropolitan

Government,

GO,

Series

A 

.........

5.00

12/1/30

1,322

8,228

196

HC

CAPITAL

TRUST

The

Intermediate

Term

Municipal

Bond

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Principal

Amount  

(000)

Security

Description

Rate

%

Maturity  

Date

Value

(000)

Municipal

Bonds

(continued)

Louisiana

—

0.50%

$

1,415

Jefferson

Sales

Tax

District

Revenue,

Series

A

(AGM)

....................

5.00

12/1/25

$

1,451

1,000

Parish

of

St.

John

the

Baptist

LA

Revenue 

.............................

2.10(a)

6/1/37

993

2,444

Maine

—

0.22%

1,025

Finance

Authority

of

Maine

Revenue,

Series

A-1

(AGM)

..................

5.00

12/1/26

1,057

Maryland

—

2.48%

2,000

County

of

Baltimore

MD,

GO

Continuously

Callable

@100 

................

4.00

3/1/33

2,115

860

County

of

Frederick

MD,

GO

Continuously

Callable

@100 

................

5.00

4/1/37

1,008

1,190

County

of

Howard

MD,

GO,

Series

A

Continuously

Callable

@100 

...........

5.00

8/15/34

1,406

2,090

Maryland

State

Transportation

Authority

Passenger

Facility

Charge

Revenue

(AMT)

5.00

6/1/28

2,245

1,000

State

of

Maryland

Department

of

Transportation

Revenue

Continuously

Callable

@100 

...................................................

4.00

10/1/32

1,028

2,500

State

of

Maryland

Department

of

Transportation

Revenue

Continuously

Callable

@100 

...................................................

5.00

10/1/32

2,859

1,240

State

of

Maryland,

GO,

Series

A

Continuously

Callable

@100 

..............

5.00

3/15/31

1,409

12,070

Massachusetts

—

1.77%

3,000

Commonwealth

of

Massachusetts,

GO,

Series

A

(AMBAC)

.................

5.50

8/1/30

3,474

780

Commonwealth

of

Massachusetts,

GO,

Series

A

Continuously

Callable

@100 

...

5.00

5/1/35

920

1,400

Massachusetts

Educational

Financing

Authority

Revenue,

Series

B

(AMT)

......

5.00

7/1/29

1,482

1,000

Massachusetts

Educational

Financing

Authority

Revenue

(AMT)

.............

5.00

1/1/25

1,010

1,500

Massachusetts

Port

Authority

Revenue,

Series

A

(AMT)

...................

5.00

7/1/32

1,706

8,592

Michigan

—

3.61%

1,250

Great

Lakes

Water

Authority

Sewage

Disposal

System

Revenue,

Series

A

Continuously

Callable

@100 

..................................

5.00

7/1/37

1,461

1,280

Michigan

Finance

Authority

Revenue,

Series

B 

.........................

5.00

10/1/30

1,459

6,000

Michigan

Finance

Authority

Revenue,

Callable

5/16/26

@

100.00 

............

5.00(a)

11/15/44

6,185

1,100

Michigan

Finance

Authority

Revenue 

................................

5.00

10/1/29

1,231

1,425

Michigan

Finance

Authority

Revenue 

................................

5.00

2/28/34

1,621

1,000

Michigan

Finance

Authority

Revenue

Continuously

Callable

@100 

...........

5.50

12/1/29

1,025

1,450

Michigan

State

Building

Authority

Revenue 

...........................

5.00

4/15/25

1,473

2,960

Utica

Community

Schools,

GO

(Q-SBLF)

.............................

5.00

5/1/26

3,073

17,528

Minnesota

—

3.22%

1,000

Minneapolis-St

Paul

Metropolitan

Airports

Commission

Revenue,

Series

C 

.....

5.00

1/1/26

1,031

1,750

Minnesota

Agricultural

&

Economic

Development

Board

Revenue

Continuously

Callable

@100 

............................................

5.00

1/1/36

2,038

2,195

Minnesota

Housing

Finance

Agency

Revenue,

Series

B 

...................

5.00

8/1/30

2,439

1,985

Minnesota

Housing

Finance

Agency

Revenue,

Series

B 

...................

5.00

8/1/28

2,147

1,240

Minnesota

Housing

Finance

Agency

Revenue,

Series

B 

...................

5.00

8/1/29

1,359

1,345

State

of

Minnesota

Certificates

of

Participation 

.........................

5.00

11/1/33

1,611

3,000

State

of

Minnesota,

GO,

Series

B

Continuously

Callable

@100 

..............

5.00

8/1/35

3,554

1,260

State

of

Minnesota,

GO,

Series

E 

...................................

5.00

8/1/30

1,444

15,623

Missouri

—

1.09%

2,400

Health

&

Educational

Facilities

Authority

of

the

State

of

Missouri

Revenue,

Series

A 

......................................................

5.00

6/1/25

2,433

2,505

The

Curators

of

the

University

of

Missouri

Revenue,

Series

B 

...............

5.00

11/1/30

2,871

5,304

Nebraska

—

0.77%

1,000

City

of

Omaha

NE

Sewer

Revenue,

Series

A

Continuously

Callable

@100 

......

4.00

4/1/31

1,069

1,000

City

of

Omaha

NE

Sewer

Revenue,

Series

A

Continuously

Callable

@100 

......

4.00

4/1/32

1,066

197

HC

CAPITAL

TRUST

The

Intermediate

Term

Municipal

Bond

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Principal

Amount  

(000)

Security

Description

Rate

%

Maturity  

Date

Value

(000)

Municipal

Bonds

(continued)

Nebraska

(continued)

$

1,350

Omaha

Public

Power

District

Revenue,

Series

B

Continuously

Callable

@100 

...

5.00

2/1/34

$

1,585

3,720

Nevada

—

2.05%

2,915

Clark

County

School

District,

GO,

Series

A

Continuously

Callable

@100

(AGM)

.

5.00

6/15/32

3,291

5,435

Las

Vegas

Valley

Water

District,

GO,

Series

C

Continuously

Callable

@100 

....

4.00

6/1/34

5,867

800

Nevada

System

of

Higher

Education

Certificates

of

Participation,

Series

A

Continuously

Callable

@100 

..................................

5.00

7/1/26

804

9,962

New

Jersey

—

3.42%

1,000

New

Jersey

Economic

Development

Authority

Revenue,

Series

RRR 

.........

5.00

3/1/28

1,073

1,210

New

Jersey

Economic

Development

Authority

Revenue 

...................

5.00

6/15/28

1,301

430

New

Jersey

Economic

Development

Authority

Revenue

Continuously

Callable

@100 

...................................................

5.00

11/1/30

474

1,000

New

Jersey

Educational

Facilities

Authority

Revenue,

Series

C 

..............

5.00

3/1/31

1,167

1,725

New

Jersey

Higher

Education

Student

Assistance

Authority

Revenue,

Series

B

(AMT)

..................................................

5.00

12/1/29

1,869

750

New

Jersey

Transportation

Trust

Fund

Authority

Revenue,

Series

AA

Continuously

Callable

@100 

............................................

5.00

6/15/36

864

1,750

New

Jersey

Transportation

Trust

Fund

Authority

Revenue,

Series

BB

Continuously

Callable

@100 

............................................

5.00

6/15/36

2,036

1,000

New

Jersey

Transportation

Trust

Fund

Authority

Revenue,

Series

AA 

.........

5.00

6/15/30

1,121

4,295

New

Jersey

Turnpike

Authority

Revenue,

Series

A

Continuously

Callable

@100 

.

5.00

1/1/31

4,433

1,100

State

of

New

Jersey,

GO,

Series

A 

...................................

4.00

6/1/31

1,194

1,035

Tobacco

Settlement

Financing

Corp.

Revenue,

Series

A

Continuously

Callable

@100 

...................................................

5.00

6/1/33

1,093

16,625

New

Mexico

—

0.77%

1,025

Albuquerque

Municipal

School

District

No.

12,

GO

Continuously

Callable

@100

(State

Aid

Withholding)

......................................

5.00

8/1/29

1,119

2,590

New

Mexico

Educational

Assistance

Foundation

Revenue,

Series

1-A

(AMT)

....

5.00

9/1/25

2,636

3,755

New

York

—

6.75%

2,890

City

of

New

York

NY,

GO,

Series

1-A

Continuously

Callable

@100 

..........

5.00

4/1/32

3,280

5,000

City

of

New

York

NY,

GO,

Series

C 

.................................

5.00

8/1/28

5,448

1,700

Metropolitan

Transportation

Authority

Revenue,

Series

B

Continuously

Callable

@100 

...................................................

5.00

11/15/29

1,779

2,410

New

York

City

Municipal

Water

Finance

Authority

Revenue,

Series

BB-2

Continuously

Callable

@100 

..................................

5.00

6/15/27

2,483

1,000

New

York

City

Municipal

Water

Finance

Authority

Revenue,

Series

DD

Continuously

Callable

@100 

..................................

5.00

6/15/34

1,195

1,000

New

York

City

Transitional

Finance

Authority

Future

Tax

Secured

Revenue,

Series

B-1

Continuously

Callable

@100 

...............................

5.00

8/1/29

1,004

855

New

York

City

Transitional

Finance

Authority

Future

Tax

Secured

Revenue,

Series

E-1 

....................................................

5.00

11/1/28

940

1,500

New

York

City

Transitional

Finance

Authority

Revenue,

Series

D-1

Continuously

Callable

@100 

............................................

5.00

11/1/36

1,776

1,000

New

York

State

Dormitory

Authority

Revenue,

Series

A

Continuously

Callable

@100 

...................................................

5.00

2/15/31

1,056

4,710

New

York

State

Thruway

Authority

Revenue,

Series

A

Continuously

Callable

@100 

5.00

3/15/35

5,521

1,165

New

York

State

Urban

Development

Corp.

Revenue,

Series

A

Continuously

Callable

@100 

...................................................

5.00

3/15/35

1,386

1,795

New

York

Transportation

Development

Corp.

Revenue

(AMT)

..............

5.00

12/1/27

1,882

4,970

Port

Authority

of

New

York

&

New

Jersey

Revenue,

Series

207

Continuously

Callable

@100

(AMT)

.......................................

4.00

3/15/30

5,037

32,787

198

HC

CAPITAL

TRUST

The

Intermediate

Term

Municipal

Bond

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Principal

Amount  

(000)

Security

Description

Rate

%

Maturity  

Date

Value

(000)

Municipal

Bonds

(continued)

North

Carolina

—

0.90%

$

820

City

of

Fayetteville

NC

Public

Works

Commission

Revenue 

................

5.00

3/1/31

$

948

1,000

County

of

Wake

NC

Revenue 

......................................

5.00

9/1/28

1,103

1,100

County

of

Wake

NC,

GO,

Series

A 

..................................

5.00

2/1/30

1,246

1,000

The

Charlotte-Mecklenburg

Hospital

Authority

Revenue 

..................

5.00(a)

1/15/50

1,081

4,378

Ohio

—

2.87%

3,000

Buckeye

Tobacco

Settlement

Financing

Authority

Revenue,

Series

A-2,

Class

-

1

Continuously

Callable

@100 

..................................

5.00

6/1/32

3,223

1,450

City

of

Columbus

OH

Sewerage

Revenue

Continuously

Callable

@100 

........

5.00

6/1/29

1,514

820

City

of

Columbus

OH,

GO,

Series

A

Continuously

Callable

@100 

...........

5.00

8/15/34

987

1,000

County

of

Butler

OH

Revenue,

Series

X 

..............................

5.00

5/15/29

1,106

245

County

of

Mahoning

OH

Revenue

Continuously

Callable

@100

(NATL)

.......

5.50

10/15/25

248

800

County

of

Montgomery

OH

Revenue

Continuously

Callable

@100 

...........

5.00

8/1/33

893

1,750

Ohio

Water

Development

Authority

Revenue,

Series

A

Continuously

Callable

@100 

5.00

12/1/37

2,048

2,000

State

of

Ohio

Revenue 

...........................................

2.75(a)

1/1/52

1,953

500

State

of

Ohio

Revenue,

Series

A

Continuously

Callable

@100 

...............

5.00

1/1/30

540

775

University

of

Cincinnati

Revenue,

Series

A 

............................

5.00

6/1/26

803

600

University

of

Cincinnati

Revenue,

Series

A 

............................

5.00

6/1/25

610

13,925

Oklahoma

—

0.12%

530

Oklahoma

Municipal

Power

Authority

Revenue,

Series

A

Continuously

Callable

@100

(AGM)

.............................................

4.00

1/1/32

571

Oregon

—

1.91%

1,305

Benton

&

Linn

Counties

Consolidated

School

District

No.

509J

&

509A

Corvallis,

GO,

Series

A

(SCH

BD

GTY)

..................................

5.00(a)

6/15/25

1,331

2,500

Multnomah

County

School

District

No.

1

Portland,

GO

(SCH

BD

GTY)

.......

5.00

6/15/29

2,797

2,500

Port

of

Portland

OR

Airport

Revenue,

Series

29

Continuously

Callable

@100

(AMT)

5.00

7/1/35

2,770

2,000

Portland

Community

College

District,

GO

Continuously

Callable

@100 

.......

5.00

6/15/35

2,363

9,261

Pennsylvania

—

4.75%

1,000

City

of

Philadelphia

PA

Water

&

Wastewater

Revenue,

Series

B 

.............

5.00

11/1/27

1,073

1,000

City

of

Philadelphia

PA

Water

&

Wastewater

Revenue,

Series

B

(AGM)

........

5.00

9/1/29

1,113

2,000

City

of

Philadelphia

PA

Water

&

Wastewater

Revenue,

Series

B

Continuously

Callable

@100 

............................................

4.00

7/1/35

2,017

2,600

City

of

Philadelphia

PA,

GO,

Series

B

Continuously

Callable

@100 

..........

5.00

2/1/30

2,862

1,735

City

of

Philadelphia

PA,

GO,

Series

B

Continuously

Callable

@100 

..........

5.00

2/1/31

1,901

1,000

Commonwealth

Financing

Authority

Revenue

Continuously

Callable

@100 

....

5.00

6/1/32

1,067

3,500

Commonwealth

of

Pennsylvania,

GO

Continuously

Callable

@100

(BAM)

.....

4.00

3/1/35

3,597

850

Easton

Area

School

District,

GO,

Series

A

(State

Aid

Withholding)

...........

4.00

4/1/25

856

1,860

Luzerne

County

Industrial

Development

Authority

Revenue,

Callable

12/3/29

@

100.00

(AMT)

.............................................

2.45(a)

12/1/39

1,728

3,625

Pennsylvania

Economic

Development

Financing

Authority

Revenue

Continuously

Callable

@100

(AMT)

.......................................

5.00

12/31/33

3,958

1,000

Pennsylvania

Higher

Education

Assistance

Agency

Revenue,

Series

A

(AMT)

....

5.00

6/1/29

1,078

625

Pennsylvania

Turnpike

Commission

Revenue,

Series

B 

...................

5.00

12/1/28

687

1,000

The

School

District

of

Philadelphia,

GO,

Series

A

Continuously

Callable

@100

(State

Aid

Withholding)

......................................

5.25

9/1/36

1,147

23,084

Rhode

Island

—

0.56%

625

Rhode

Island

Student

Loan

Authority

Revenue,

Series

A

(AMT)

.............

5.00

12/1/29

689

1,875

Rhode

Island

Student

Loan

Authority

Revenue,

Series

A

(AMT)

.............

5.00

12/1/29

2,043

2,732

South

Carolina

—

1.40%

3,680

County

of

Charleston

SC,

GO,

Series

A

(State

Aid

Withholding)

.............

5.00

11/1/26

3,867

199

HC

CAPITAL

TRUST

The

Intermediate

Term

Municipal

Bond

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Principal

Amount  

(000)

Security

Description

Rate

%

Maturity  

Date

Value

(000)

Municipal

Bonds

(continued)

South

Carolina

(continued)

$

1,000

Piedmont

Municipal

Power

Agency

Revenue,

Series

B 

....................

5.00

1/1/29

$

1,081

680

South

Carolina

Public

Service

Authority

Revenue,

Series

A 

................

5.00

12/1/27

732

1,000

South

Carolina

Public

Service

Authority

Revenue,

Series

A 

................

5.00

12/1/31

1,126

6,806

South

Dakota

—

0.37%

1,675

South

Dakota

Board

of

Regents

Housing

&

Auxiliary

Facilities

System

Revenue

Continuously

Callable

@100 

..................................

5.00

4/1/29

1,779

Tennessee

—

1.08%

1,215

County

of

Hamblen

TN,

GO 

......................................

5.00

5/1/29

1,350

1,235

Metropolitan

Government

Nashville

&

Davidson

County

Health

&

Educational

Facs

Bd

Revenue 

..............................................

5.00

5/1/31

1,388

1,000

Metropolitan

Government

Nashville

&

Davidson

County

Health

&

Educational

Facs

Bd

Revenue

Continuously

Callable

@100 

.........................

5.00

5/1/35

1,135

1,350

Metropolitan

Government

of

Nashville

&

Davidson

County

TN,

GO

Continuously

Callable

@100 

............................................

4.00

7/1/33

1,398

5,271

Texas

—

11.67%

1,025

Arlington

Higher

Education

Finance

Corp.

Revenue

(PSF-GTD)

.............

5.00

8/15/27

1,090

1,230

Arlington

Higher

Education

Finance

Corp.

Revenue

(PSF-GTD)

.............

5.00

8/15/28

1,333

2,450

City

of

Dallas

TX,

GO

Continuously

Callable

@100 

.....................

5.00

2/15/27

2,482

2,500

City

of

Houston

TX

Airport

System

Revenue,

Series

C

(AMT)

..............

5.00

7/1/25

2,534

300

City

of

Pearland

TX,

GO

Continuously

Callable

@100 

....................

5.00

3/1/29

319

1,000

City

of

San

Antonio

TX

Airport

System

Revenue,

Series

A

(AMT)

............

5.00

7/1/26

1,023

1,750

City

of

San

Antonio

TX

Airport

System

Revenue,

Series

A

(AMT)

............

5.00

7/1/25

1,780

1,300

City

of

San

Antonio

TX

Electric

&

Gas

Systems

Revenue,

Series

B 

...........

4.00

2/1/33

1,400

1,205

Clifton

Higher

Education

Finance

Corp.

Revenue

(PSF-GTD)

...............

5.00

8/15/24

1,211

950

Clifton

Higher

Education

Finance

Corp.

Revenue,

Series

T

Continuously

Callable

@100

(PSF-GTD)

..........................................

4.00

8/15/34

1,005

2,200

Clifton

Higher

Education

Finance

Corp.

Revenue

(PSF-GTD)

...............

5.00

8/15/25

2,253

500

Conroe

Independent

School

District,

GO

Continuously

Callable

@100

(PSF-GTD)

5.00

2/15/30

508

1,750

County

of

Harris

TX

Revenue

Continuously

Callable

@100 

................

5.00

8/15/34

1,787

1,545

County

of

Harris

TX

Revenue,

Series

A

Continuously

Callable

@100 

.........

5.00

8/15/30

1,607

4,730

Dallas

Area

Rapid

Transit

Revenue

Continuously

Callable

@100 

............

5.00

12/1/33

5,294

2,500

Dallas

Independent

School

District,

GO,

Series

A

Continuously

Callable

@100

(PSF-GTD)

...............................................

5.00

2/15/27

2,537

1,650

Harris

County

Cultural

Education

Facilities

Finance

Corp.

Revenue 

..........

5.00

11/15/25

1,692

1,500

Harris

County

Cultural

Education

Facilities

Finance

Corp.

Revenue

Continuously

Callable

@100 

............................................

5.00

10/1/27

1,539

2,100

Harris

County

Cultural

Education

Facilities

Finance

Corp.

Revenue 

..........

5.00

11/15/27

2,236

1,040

Love

Field

Airport

Modernization

Corp.

Revenue

Continuously

Callable

@100 

..

5.00

11/1/28

1,030

2,300

Love

Field

Airport

Modernization

Corp.

Revenue

(AMT)

..................

5.00

11/1/25

2,339

2,180

Lower

Colorado

River

Authority

Revenue

Continuously

Callable

@100 

.......

5.00

5/15/32

2,438

1,000

Lower

Colorado

River

Authority

Revenue

Continuously

Callable

@100

(AGM)

..

5.00

5/15/34

1,170

1,090

Lower

Colorado

River

Authority

Revenue

(AGM)

.......................

5.00

5/15/29

1,204

1,000

Lower

Colorado

River

Authority

Revenue 

.............................

5.00

5/15/26

1,037

2,410

Midland

Independent

School

District,

GO

Continuously

Callable

@100

(PSF-GTD)

5.00

2/15/37

2,793

250

North

Texas

Tollway

Authority

Revenue,

Series

A

Continuously

Callable

@100 

..

5.00

1/1/25

251

2,000

Tarrant

County

Cultural

Education

Facilities

Finance

Corp.

Revenue,

Series

A,

Callable

1/1/32

@

100.00 

....................................

5.00(a)

7/1/53

2,238

3,500

Texas

Municipal

Gas

Acquisition

&

Supply

Corp.

IV

Revenue,

Series

B,

Callable

7/1/33

@

100.00 

...........................................

5.50(a)

1/1/54

3,882

2,230

University

of

Houston

Revenue,

Series

C

Continuously

Callable

@100 

........

5.00

2/15/28

2,300

1,300

West

Harris

County

Regional

Water

Authority

Revenue 

...................

5.00

12/15/27

1,390

1,000

West

Travis

County

Public

Utility

Agency

Revenue

(BAM)

.................

5.00

8/15/26

1,044

56,746

200

HC

CAPITAL

TRUST

The

Intermediate

Term

Municipal

Bond

Portfolio

Portfolio

of

Investments

(continued)

—

March

31,

2024

(Unaudited)

Principal

Amount  

(000)

Security

Description

Rate

%

Maturity  

Date

Value

(000)

Municipal

Bonds

(continued)

Virginia

—

0.68%

$

1,215

City

of

Chesapeake

VA,

GO,

Series

A

Continuously

Callable

@100 

..........

5.00

8/1/31

$

1,309

850

Hampton

Roads

Transportation

Accountability

Commission

Revenue,

Series

A

Continuously

Callable

@100 

..................................

5.00

7/1/31

973

1,000

Roanoke

Economic

Development

Authority

Revenue 

.....................

5.00

7/1/25

1,023

3,305

Washington

—

3.81%

1,370

King

County

School

District

No.

401

Highline,

GO

Continuously

Callable

@100

(SCH

BD

GTY)

............................................

5.00

12/1/31

1,440

1,050

King

County

School

District

No.

405

Bellevue,

GO

Continuously

Callable

@100

(SCH

BD

GTY)

............................................

5.00

12/1/29

1,142

1,500

Port

of

Seattle

WA

Revenue

(AMT)

..................................

5.00

4/1/26

1,540

1,555

Port

of

Seattle

WA

Revenue

Continuously

Callable

@100

(AMT)

............

5.00

8/1/33

1,718

1,300

State

of

Washington,

GO,

Series

C

Continuously

Callable

@100 

.............

5.00

2/1/33

1,494

7,065

State

of

Washington,

GO,

Series

R-2017A

Continuously

Callable

@100 

.......

5.00

8/1/32

7,390

790

State

of

Washington,

GO,

Series

C 

..................................

5.00

2/1/32

922

1,600

Washington

Health

Care

Facilities

Authority

Revenue,

Series

B1,

Callable

4/25/24

@

100.00 

................................................

5.00(a)

8/1/49

1,602

1,250

Washington

Health

Care

Facilities

Authority

Revenue,

Series

B 

.............

5.00

10/1/25

1,274

18,522

Wisconsin

—

1.73%

3,455

Public

Finance

Authority

Revenue,

Series

A-2 

..........................

3.70(a)

10/1/46

3,510

1,225

University

of

Wisconsin

Hospitals

&

Clinics

Revenue,

Series

A 

.............

5.00

4/1/26

1,262

2,460

Wisconsin

Health

&

Educational

Facilities

Authority

Revenue,

Series

A

Continuously

Callable

@100 

..................................

5.00

11/15/35

2,530

1,100

Wisconsin

Health

&

Educational

Facilities

Authority

Revenue 

..............

4.00

11/15/26

1,112

8,414

Total

Municipal

Bonds

..........................................

422,466

Shares

Investment

Companies

—

12.48%

Domestic

Fixed

Income

—

9.77%

101,025

BlackRock

California

Municipal

Income

Trust

..........................

1,194

188,720

BlackRock

Municipal

2030

Target

Term

Trust

..........................

3,975

222,293

BlackRock

Municipal

Income

Fund,

Inc.

..............................

2,681

53,200

BlackRock

MuniYield

Fund,

Inc.

...................................

588

248,844

BlackRock

MuniYield

Quality

Fund

III,

Inc.

...........................

2,852

71,012

DTF

Tax-Free

Income

2028

Term

Fund,

Inc.

...........................

763

308,613

DWS

Municipal

Income

Trust

......................................

2,787

153,671

Eaton

Vance

California

Municipal

Bond

Fund

..........................

1,452

171,994

Eaton

Vance

Municipal

Bond

Fund

..................................

1,780

121,260

Federated

Hermes

Premier

Municipal

Income

Fund

......................

1,342

356,298

Invesco

Quality

Municipal

Income

Trust

..............................

3,449

29,410

iShares

National

Muni

Bond

ETF

...................................

3,165

85,071

MainStay

MacKay

DefinedTerm

Municipal

Opportunities

Fund

..............

1,391

181,653

MFS

High

Income

Municipal

Trust

..................................

659

289,265

MFS

High

Yield

Municipal

Trust

....................................

963

307,339

Nuveen

AMT-Free

Quality

Municipal

Income

Fund

......................

3,402

288,013

Nuveen

Municipal

Credit

Income

Fund

...............................

3,525

64,491

Nuveen

Municipal

Value

Fund,

Inc.

..................................

562

320,490

Nuveen

Quality

Municipal

Income

Fund

..............................

3,673

205,994

PIMCO

California

Municipal

Income

Fund

II

...........................

1,189

127,109

PIMCO

Municipal

Income

Fund

III

..................................

950

139,842

Pioneer

Municipal

High

Income

Advantage

Fund,

Inc.

....................

1,140

201

HC

CAPITAL

TRUST

The

Intermediate

Term

Municipal

Bond

Portfolio

Portfolio

of

Investments

(concluded)

—

March

31,

2024

(Unaudited)

The

following

table

reflects

the

percentage

of

total

net

assets

of

the

Portfolio

attributable

to

each

Specialist

Manager

as

of

March

31,

2024.

Amounts

designated

as

"—"

indicate

the

Specialist

Manager

did

not

manage

any

holdings

in

that

category. 

Shares

Security

Description

Rate

%

Maturity  

Date

Value

(000)

Domestic

Fixed

Income

(continued)

65,747

Pioneer

Municipal

High

Income

Opportunities

Fund,

Inc.

..................

$

744

311,239

Western

Asset

Managed

Municipals

Fund,

Inc.

..........................

3,252

47,478

Money

Market

Funds

—

2.71%

13,139,990

BlackRock

Liquidity

Funds

MuniCash

................................

3.23(b)

13,141

Total

Investment

Companies

......................................

60,619

Total

Investments

(cost

$488,535)

—

99.42%

.........................

483,085

Other

assets

in

excess

of

liabilities

—

0.58%

..........................

2,830

Net

Assets

—

100.00%

..........................................

$

485,915

(a)

Interest

rate

is

determined

by

the

Remarketing

Agent.  The

rate

disclosed

is

the

rate

in

effect

on

March

31,

2024.

(b)

Annualized

7-day

yield

as

of

period-end.

AGM—Assured

Guaranty

Municipal

Corporation

AMBAC—American

Municipal

Bond

Assurance

Corporation

AMT—Alternative

Minimum

Tax

BAM—Build

America

Mutual

ETF—Exchange-Traded

Fund

GO—General

Obligation

PSF-GTD—Public

School

Fund

Guaranteed

Q-SBLF—Qualified

School

Bond

Loan

Fund

SCH

BD

GTY—School

Board

Guaranty

The

Intermediate

Term

Municipal

Bond

Portfolio

Insight

North

America

LLC

Breckinridge

Capital

Advisors,

Inc

City

of

London

Investment

Management

Company,

Limited

HC

Capital

Solutions

Total

Municipal

Bonds

.....................................................................................................

78.38

%

8.56

%

—

—

86.94

%

Investment

Companies

............................................................................................

0.40

%

—

9.77

%

2.31

%

12.48

%

Other

Assets

(Liabilities)

........................................................................................

0.24

%

0.16

%

0.18

%

—

0.58

%

Total

Net

Assets

.................................................................................................

79.02

%

8.72

%

9.95

%

2.31

%

100.00

%