UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORMN-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number 811-08918 .
HC Capital Trust .
(Exact name of Registrant as specified in charter)
Five Tower Bridge, 300 Barr Harbor Drive, 5th Floor, West Conshohocken, PA 19428 .
(Address of principal executive offices) (Zip code)
Citi Fund Services Ohio, Inc., 4400 Easton Commons, Suite 200, Columbus, OH 43219 .
(Name and address of agent for service)
Registrant’s telephone number, including area code: (800)242-9596 .
Date of fiscal year end: June 30
Date of reporting period: December 31, 2019
Item 1. Reports to Stockholders.
Semiannual Report (Unaudited)
The Value Equity Portfolio
The Institutional Value Equity Portfolio
The Growth Equity Portfolio
The Institutional Growth Equity Portfolio
The Small Capitalization–Mid Capitalization Equity Portfolio
The Institutional Small Capitalization–Mid Capitalization Equity Portfolio
The Real Estate Securities Portfolio
The Commodity Returns Strategy Portfolio
The ESG Growth Portfolio
The Catholic SRI Growth Portfolio
The International Equity Portfolio
The Institutional International Equity Portfolio
The Emerging Markets Portfolio
The Core Fixed Income Portfolio
The Fixed Income Opportunity Portfolio
The U.S. Government Fixed Income Securities Portfolio
The Inflation Protected Securities Portfolio
The U.S. Corporate Fixed Income Securities Portfolio
The U.S. Mortgage/Asset Backed Fixed Income Securities Portfolio
The Short-Term Municipal Bond Portfolio
The Intermediate Term Municipal Bond Portfolio
The Intermediate Term Municipal Bond II Portfolio
December 31, 2019
December 31, 2019
We are pleased to present the December 31, 2019 Semiannual Report for the HC Capital Trust (the “Trust”).
The Trust is an open-end management investment company. As of December 31, 2019, the Trust consisted of twenty-two separate investment portfolios (the “Portfolios”). Day-to-day portfolio management services are provided to each of the Trust’s Portfolios by one or more independent money management organizations (“Specialist Managers”). Each Specialist Manager is subject to the supervision of HC Capital Solutions, an operating division of Hirtle Callaghan & Co., LLC, which serves as the Trust’s primary investment adviser and to the general oversight of the Trust’s Board of Trustees.
The Value Equity Portfolio, seeks total return by investing in a diversified portfolio of equity securities of large companies with relatively low price-earnings ratios and high dividend yields.
The Institutional Value Equity Portfolio, seeks total return by investing in a diversified portfolio of equity securities of large companies with relatively low price-earnings ratios and high dividend yields.
The Growth Equity Portfolio, seeks capital appreciation by investing in a diversified portfolio of equity securities of large and mid-capitalization companies with superior prospects for earnings growth.
The Institutional Growth Equity Portfolio, seeks capital appreciation by investing in a diversified portfolio of equity securities of large and mid-capitalization companies with superior prospects for earnings growth.
The Small Capitalization–Mid Capitalization Equity Portfolio, seeks long-term capital appreciation by investing in a diversified portfolio of equity securities of small and mid-capitalization companies.
The Institutional Small Capitalization–Mid Capitalization Equity Portfolio, seeks long-term capital appreciation by investing in a diversified portfolio of equity securities of small and mid-capitalization companies.
The Real Estate Securities Portfolio, seeks to provide a total return consisting of both capital appreciation and current income by managing securities issued by real-estate related companies.
The Commodity Returns Strategy Portfolio, presented as Consolidated, seeks capital appreciation by investing in a diversified portfolio of commodity-related instruments.
The ESG Growth Portfolio, seeks to maximize total return subject to emphasizing environmental, social and governance (“ESG”) focused investments.
The Catholic SRI Growth Portfolio, seeks to maximize total return integrating a range of social and moral concerns into its security selection process.
The International Equity Portfolio, seeks to maximize total return by investing in a diversified portfolio of equity securities of companies based in countries other than the United States of America.
The Institutional International Equity Portfolio, seeks to maximize total return by investing in a diversified portfolio of equity securities of companies based in countries other than the United States of America.
The Emerging Markets Portfolio, seeks total return, primarily through capital appreciation, by investing in a diversified portfolio of securities issued by companies domiciled, or doing a substantial portion of their business, in countries with a developing or emerging economy or securities market.
The Core Fixed Income Portfolio, seeks current income, consistent with the preservation of capital, by investing in a diversified portfolio of debt securities, including U.S. and non-U.S. government securities, corporate debt securities, and asset-backed issues.
The Fixed Income Opportunity Portfolio, seeks to achieve above-average total return by investing in high yield securities (commonly referred to as “junk bonds”).
The U.S. Government Fixed Income Securities Portfolio, seeks to provide a moderate and sustainable level of current income, consistent with the preservation of capital by investing primarily in a diversified portfolio of U.S. Treasury and government related fixed income securities.
The Inflation Protected Securities Portfolio, seeks to provide inflation protection and income consistent with investment in inflation-indexed securities.
The U.S. Corporate Fixed Income Securities Portfolio, seeks to provide a moderate and sustainable level of current income, consistent with the preservation of capital by investing primarily in a diversified portfolio of investment grade fixed income securities issued by U.S. corporations.
The U.S. Mortgage/Asset Backed Fixed Income Securities Portfolio, seeks to provide a moderate and sustainable level of current income, consistent with the preservation of capital by investing primarily in a diversified portfolio of publicly issued mortgage and asset backed securities.
The Short-Term Municipal Bond Portfolio, seeks a high level of current income exempt from Federal income tax, consistent with preservation of capital, by investing primarily in securities issued by municipalities and related securities.
The Intermediate Term Municipal Bond Portfolio, seeks a high level of current income, consistent with the preservation of capital, exempt from Federal income tax by investing in securities issued by municipalities and related entities.
The Intermediate Term Municipal Bond II Portfolio, seeks a high level of current income, consistent with the preservation of capital, exempt from Federal income tax by investing in securities issued by municipalities and related entities.
HC CAPITAL TRUST | Semiannual Report (Unaudited) |
December 31, 2019
1 | ||||
226 | ||||
232 | ||||
238 | ||||
246 | ||||
254 | ||||
290 |
HC CAPITAL TRUST
Portfolio of Investments — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks — 97.91% |
| |||||||
Aerospace & Defense — 2.04% |
| |||||||
717 | General Dynamics Corp. | $ | 126 | |||||
3,065 | HEICO Corp. | 350 | ||||||
1,168 | Hexcel Corp. | 86 | ||||||
445 | Huntington Ingalls Industries, Inc. | 112 | ||||||
1,084 | L3Harris Technologies, Inc. | 214 | ||||||
5,411 | Lockheed Martin Corp. | 2,107 | ||||||
3,299 | Raytheon Co. | 725 | ||||||
19,597 | Spirit Aerosystems Holdings, Inc., Class – A | 1,428 | ||||||
200 | Teledyne Technologies, Inc. (a) | 69 | ||||||
3,694 | Textron, Inc. | 165 | ||||||
3,007 | The Boeing Co. | 980 | ||||||
5,010 | TransDigm Group, Inc. | 2,806 | ||||||
21,311 | United Technologies Corp. | 3,191 | ||||||
|
| |||||||
12,359 | ||||||||
|
| |||||||
Air Freight & Logistics — 0.35% |
| |||||||
305 | Expeditors International of Washington, Inc. | 24 | ||||||
16,845 | United Parcel Service, Inc., Class – B | 1,972 | ||||||
1,886 | XPO Logistics, Inc. (a) | 150 | ||||||
|
| |||||||
2,146 | ||||||||
|
| |||||||
Airlines — 0.38% |
| |||||||
2,103 | Alaska Air Group, Inc. | 142 | ||||||
13,166 | American Airlines Group, Inc. | 378 | ||||||
868 | Copa Holdings SA, Class – A | 94 | ||||||
20,199 | Delta Air Lines, Inc. | 1,181 | ||||||
6,703 | Southwest Airlines Co. | 362 | ||||||
1,612 | United Airlines Holdings, Inc. (a) | 142 | ||||||
|
| |||||||
2,299 | ||||||||
|
| |||||||
Auto Components — 0.37% |
| |||||||
585 | Gentex Corp. | 17 | ||||||
12,566 | Lear Corp. | 1,724 | ||||||
9,332 | Magna International, Inc. | 512 | ||||||
|
| |||||||
2,253 | ||||||||
|
| |||||||
Automobiles — 0.35% |
| |||||||
30,260 | General Motors Co. | 1,107 | ||||||
2,426 | Tesla, Inc. (a) | 1,015 | ||||||
|
| |||||||
2,122 | ||||||||
|
| |||||||
Banks — 6.05% |
| |||||||
3,332 | Associated Banc-Corp. | 73 | ||||||
257,805 | Bank of America Corp. | 9,080 | ||||||
2,798 | Bank OZK | 85 | ||||||
1,998 | BankUnited, Inc. | 73 | ||||||
666 | BOK Financial Corp. | 58 | ||||||
47,685 | Citigroup, Inc. | 3,810 | ||||||
1,826 | Citizens Financial Group, Inc. | 74 | ||||||
2,863 | Comerica, Inc. | 205 | ||||||
568 | Commerce Bancshares, Inc. | 39 | ||||||
1,552 | Cullen/Frost Bankers, Inc. | 152 | ||||||
182 | Fifth Third Bancorp | 6 | ||||||
7,338 | First Horizon National Corp. | 122 | ||||||
2,026 | First Republic Bank | 238 | ||||||
21,453 | Huntington Bancshares, Inc. | 324 | ||||||
66,542 | JPMorgan Chase & Co. | 9,276 | ||||||
11,647 | Pinnacle Financial Partners, Inc. | 745 |
Shares | Security Description | Value (000) | ||||||
Banks (continued) |
| |||||||
8,315 | PNC Financial Services Group, Inc. | $ | 1,327 | |||||
72,977 | Regions Financial Corp. | 1,252 | ||||||
493 | Signature Bank | 67 | ||||||
4,790 | Sterling Bancorp | 101 | ||||||
710 | SVB Financial Group (a) | 178 | ||||||
1,926 | Texas Capital Bancshares, Inc. (a) | 109 | ||||||
44,091 | Truist Financial Corp. | 2,483 | ||||||
4,006 | U.S. Bancorp | 238 | ||||||
1,880 | Webster Financial Corp. | 100 | ||||||
82,752 | Wells Fargo & Co. | 4,452 | ||||||
32,863 | Western Alliance Bancorp | 1,873 | ||||||
2,420 | Zions Bancorp | 126 | ||||||
|
| |||||||
36,666 | ||||||||
|
| |||||||
Beverages — 1.62% |
| |||||||
7,189 | Brown-Forman Corp., Class – B | 486 | ||||||
656 | Constellation Brands, Inc., Class – A | 124 | ||||||
1,703 | Keurig Dr Pepper, Inc. | 49 | ||||||
4,530 | Monster Beverage Corp. (a) | 288 | ||||||
28,839 | PepsiCo, Inc. | 3,941 | ||||||
88,657 | The Coca-Cola Co. | 4,908 | ||||||
|
| |||||||
9,796 | ||||||||
|
| |||||||
Biotechnology — 2.37% |
| |||||||
28,903 | AbbVie, Inc. | 2,559 | ||||||
8,886 | Agios Pharmaceuticals, Inc. (a) | 424 | ||||||
5,792 | Alexion Pharmaceuticals, Inc. (a) | 626 | ||||||
2,182 | Alnylam Pharmaceuticals, Inc. (a) | 251 | ||||||
16,160 | Amgen, Inc. | 3,897 | ||||||
2,901 | Biogen, Inc. (a) | 861 | ||||||
1,176 | Neurocrine Biosciences, Inc. (a) | 126 | ||||||
1,322 | Sarepta Therapeutics, Inc. (a) | 171 | ||||||
8,247 | Seattle Genetics, Inc. (a) | 942 | ||||||
17,938 | United Therapeutics Corp. (a) | 1,580 | ||||||
13,207 | Vertex Pharmaceuticals, Inc. (a) | 2,892 | ||||||
|
| |||||||
14,329 | ||||||||
|
| |||||||
Building Products — 0.31% |
| |||||||
18,210 | A.O. Smith Corp. | 868 | ||||||
1,938 | Allegion PLC | 241 | ||||||
2,712 | Johnson Controls International PLC | 110 | ||||||
733 | Lennox International, Inc. | 179 | ||||||
6,549 | Masco Corp. | 314 | ||||||
2,346 | Owens Corning, Inc. | 153 | ||||||
|
| |||||||
1,865 | ||||||||
|
| |||||||
Capital Markets — 1.77% |
| |||||||
2,506 | Ameriprise Financial, Inc. | 417 | ||||||
2,792 | Bank of New York Mellon Corp. | 141 | ||||||
5,895 | BGC Partners, Inc., Class – A | 35 | ||||||
4,869 | BlackRock, Inc., Class – A | 2,448 | ||||||
2,282 | CBOE Global Markets, Inc. | 274 | ||||||
1,695 | CME Group, Inc. | 340 | ||||||
1,544 | E*Trade Financial Corp. | 70 | ||||||
12,428 | Goldman Sachs Group, Inc. | 2,857 | ||||||
427 | Interactive Brokers Group, Inc., Class – A | 20 | ||||||
1,491 | Intercontinental Exchange, Inc. | 138 | ||||||
1,976 | Legg Mason, Inc. | 71 | ||||||
18,759 | Morgan Stanley | 959 |
See accompanying notes to financial statements.
1
HC CAPITAL TRUST
The Value Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) |
| |||||||
Capital Markets (continued) |
| |||||||
629 | Nasdaq, Inc. | $ | 67 | |||||
593 | S&P Global, Inc. | 162 | ||||||
7,695 | State Street Corp. | 609 | ||||||
7,780 | T. Rowe Price Group, Inc. | 948 | ||||||
162 | TD Ameritrade Holding Corp. | 8 | ||||||
24,739 | The Charles Schwab Corp. | 1,177 | ||||||
|
| |||||||
10,741 | ||||||||
|
| |||||||
Chemicals — 1.73% |
| |||||||
10,230 | Air Products & Chemicals, Inc. | 2,405 | ||||||
2,617 | Albemarle Corp. | 191 | ||||||
1,467 | Ashland Global Holdings, Inc. | 112 | ||||||
4,710 | Axalta Coating Systems Ltd. (a) | 143 | ||||||
1,640 | Celanese Corp., Series A | 202 | ||||||
48,414 | CF Industries Holdings, Inc. | 2,311 | ||||||
9,311 | Corteva, Inc. | 275 | ||||||
9,429 | Dow, Inc. | 516 | ||||||
9,317 | DuPont de Nemours, Inc. | 598 | ||||||
2,375 | Huntsman Corp. | 57 | ||||||
974 | International Flavors & Fragrances, Inc. | 126 | ||||||
651 | Linde PLC | 139 | ||||||
11,130 | LyondellBasell Industries N.V., Class – A | 1,051 | ||||||
249 | NewMarket Corp. | 121 | ||||||
10,412 | PPG Industries, Inc. | 1,390 | �� | |||||
17,174 | The Chemours Co. | 311 | ||||||
1,538 | The ScottsMiracle-Gro Co. | 163 | ||||||
216 | The Sherwin-Williams Co. | 126 | ||||||
3,879 | Valvoline, Inc. | 83 | ||||||
1,540 | W.R. Grace & Co. | 108 | ||||||
|
| |||||||
10,428 | ||||||||
|
| |||||||
Commercial Services & Supplies — 0.95% |
| |||||||
19,018 | ADT, Inc.^ | 151 | ||||||
12,305 | Clean Harbors, Inc. (a) | 1,055 | ||||||
32,475 | Copart, Inc. (a) | 2,954 | ||||||
3,003 | IAA, Inc. (a) | 141 | ||||||
3,003 | KAR Auction Services, Inc. | 65 | ||||||
1,322 | Republic Services, Inc., Class – A | 118 | ||||||
2,747 | Stericycle, Inc. (a) | 175 | ||||||
9,860 | Waste Management, Inc. | 1,124 | ||||||
|
| |||||||
5,783 | ||||||||
|
| |||||||
Communications Equipment — 0.74% |
| |||||||
90,637 | Cisco Systems, Inc. | 4,347 | ||||||
774 | Motorola Solutions, Inc. | 125 | ||||||
|
| |||||||
4,472 | ||||||||
|
| |||||||
Construction & Engineering — 0.08% |
| |||||||
3,578 | AECOM (a) | 155 | ||||||
841 | Arcosa, Inc. | 37 | ||||||
717 | Jacobs Engineering Group, Inc. | 64 | ||||||
2,295 | Quanta Services, Inc. | 93 | ||||||
924 | Valmont Industries, Inc. | 139 | ||||||
|
| |||||||
488 | ||||||||
|
| |||||||
Construction Materials — 0.18% |
| |||||||
6,799 | Eagle Materials, Inc., Class – A | 616 | ||||||
1,704 | Martin Marietta Materials, Inc. | 477 | ||||||
|
| |||||||
1,093 | ||||||||
|
|
Shares | Security Description | Value (000) | ||||||
Consumer Finance — 1.24% |
| |||||||
22,738 | American Express Co. | $ | 2,831 | |||||
37,105 | Capital One Financial Corp. | 3,818 | ||||||
6 | Credit Acceptance Corp. (a) | 3 | ||||||
14,450 | OneMain Holdings, Inc. | 609 | ||||||
8,889 | SLM Corp. | 79 | ||||||
4,013 | Synchrony Financial | 145 | ||||||
|
| |||||||
7,485 | ||||||||
|
| |||||||
Containers & Packaging — 0.50% |
| |||||||
17,549 | Amcor PLC | 190 | ||||||
262 | AptarGroup, Inc. | 30 | ||||||
27 | Avery Dennison Corp. | 4 | ||||||
22,939 | Ball Corp. | 1,484 | ||||||
10,608 | International Paper Co. | 488 | ||||||
2,050 | Packaging Corporation of America | 230 | ||||||
3,363 | Sealed Air Corp. | 134 | ||||||
2,320 | Silgan Holdings | 72 | ||||||
2,452 | Sonoco Products Co. | 151 | ||||||
5,240 | WestRock Co. | 225 | ||||||
|
| |||||||
3,008 | ||||||||
|
| |||||||
Distributors — 0.11% |
| |||||||
4,284 | Genuine Parts Co. | 455 | ||||||
6,460 | LKQ Corp. (a) | 231 | ||||||
|
| |||||||
686 | ||||||||
|
| |||||||
Diversified Consumer Services — 0.45% |
| |||||||
12,786 | Bright Horizons Family Solutions, Inc. (a) | 1,922 | ||||||
1,046 | Graham Holdings Co. | 668 | ||||||
4,910 | H&R Block, Inc. | 115 | ||||||
|
| |||||||
2,705 | ||||||||
|
| |||||||
Diversified Financial Services — 1.17% |
| |||||||
29,533 | Berkshire Hathaway, Inc., Class – B (a) | 6,690 | ||||||
17,093 | Jefferies Financial Group, Inc. | 365 | ||||||
973 | Voya Financial, Inc. | 59 | ||||||
|
| |||||||
7,114 | ||||||||
|
| |||||||
Diversified Telecommunication Services — 1.35% |
| |||||||
117,437 | AT&T, Inc. | 4,589 | ||||||
43,613 | CenturyLink, Inc. | 576 | ||||||
48,924 | Verizon Communications, Inc. | 3,004 | ||||||
|
| |||||||
8,169 | ||||||||
|
| |||||||
Electric Utilities — 1.85% |
| |||||||
1,604 | Alliant Energy Corp. | 88 | ||||||
31,281 | American Electric Power, Inc. | 2,956 | ||||||
7,685 | Duke Energy Corp. | 701 | ||||||
1,914 | Edison International | 144 | ||||||
2,737 | Evergy, Inc. | 178 | ||||||
9,746 | Eversource Energy | 829 | ||||||
9,276 | Exelon Corp. | 423 | ||||||
2,818 | FirstEnergy Corp. | 137 | ||||||
8,870 | NextEra Energy, Inc. | 2,148 | ||||||
2,414 | OGE Energy Corp. | 107 | ||||||
32,518 | PPL Corp. | 1,167 | ||||||
32,159 | The Southern Co. | 2,049 | ||||||
4,017 | Xcel Energy, Inc. | 255 | ||||||
|
| |||||||
11,182 | ||||||||
|
|
See accompanying notes to financial statements.
2
HC CAPITAL TRUST
The Value Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) |
| |||||||
Electrical Equipment — 0.57% |
| |||||||
3,350 | AMETEK, Inc. | $ | 334 | |||||
12,355 | Eaton Corp. PLC | 1,170 | ||||||
16,658 | Emerson Electric Co. | 1,271 | ||||||
11,151 | nVent Electric PLC | 285 | ||||||
3,984 | Regal-Beloit Corp. | 341 | ||||||
|
| |||||||
3,401 | ||||||||
|
| |||||||
Electronic Equipment, Instruments & Components — 0.15% |
| |||||||
769 | Arrow Electronics, Inc. (a) | 65 | ||||||
23,513 | Corning, Inc. | 685 | ||||||
512 | Dolby Laboratories, Inc., Class – A | 35 | ||||||
1,050 | Keysight Technologies, Inc. (a) | 108 | ||||||
|
| |||||||
893 | ||||||||
|
| |||||||
Energy Equipment & Services — 0.36% |
| |||||||
50,229 | Halliburton Co. | 1,230 | ||||||
7,964 | National Oilwell Varco, Inc. | 199 | ||||||
101,923 | Transocean Ltd. (a) | 701 | ||||||
|
| |||||||
2,130 | ||||||||
|
| |||||||
Entertainment — 1.57% |
| |||||||
2,063 | Activision Blizzard, Inc. | 123 | ||||||
2,887 | Cinemark Holdings, Inc. | 98 | ||||||
6,384 | Electronic Arts, Inc. (a) | 686 | ||||||
2,749 | Liberty Media Corp. – Liberty Formula One, Class – C (a) | 126 | ||||||
7,509 | Netflix, Inc. (a) | 2,430 | �� | |||||
41,888 | The Walt Disney Co. | 6,058 | ||||||
|
| |||||||
9,521 | ||||||||
|
| |||||||
Equity Real Estate Investment Trusts — 3.30% |
| |||||||
992 | Alexandria Real Estate Equities, Inc. | 160 | ||||||
17,692 | American Campus Communities, Inc. | 832 | ||||||
1,289 | American Homes 4 Rent, Class – A | 34 | ||||||
5,297 | American Tower Corp. | 1,217 | ||||||
2,612 | Apartment Investment & Management Co. | 135 | ||||||
6,634 | AvalonBay Communities, Inc. | 1,391 | ||||||
857 | Boston Properties, Inc. | 118 | ||||||
6,970 | Camden Property Trust | 740 | ||||||
1,428 | Columbia Property Trust, Inc. | 30 | ||||||
3,180 | Cousins Properties, Inc. | 131 | ||||||
2,473 | Crown Castle International Corp. | 352 | ||||||
2,592 | CubeSmart | 82 | ||||||
1,028 | CyrusOne, Inc. | 67 | ||||||
968 | Digital Realty Trust, Inc. | 116 | ||||||
1,889 | Douglas Emmett, Inc. | 83 | ||||||
3,821 | Duke Realty Corp. | 132 | ||||||
8,154 | Empire State Realty Trust, Inc., Class – A | 114 | ||||||
9,767 | EPR Properties | 690 | ||||||
291 | Equinix, Inc. | 170 | ||||||
2,122 | Equity Lifestyle Properties, Inc. | 149 | ||||||
1,516 | Equity Residential | 123 | ||||||
3,943 | Essex Property Trust, Inc. | 1,186 | ||||||
1,604 | Extra Space Storage, Inc. | 169 | ||||||
6,458 | Federal Realty Investment Trust | 831 | ||||||
4,176 | Gaming & Leisure Properties, Inc. | 180 | ||||||
26,253 | Healthcare Trust of America, Inc., Class – A | 795 |
Shares | Security Description | Value (000) | ||||||
Equity Real Estate Investment Trusts (continued) |
| |||||||
3,337 | Healthpeak Properties, Inc. | $ | 115 | |||||
5,735 | Iron Mountain, Inc. | 183 | ||||||
1,138 | JBG SMITH Properties | 45 | ||||||
1,552 | Kilroy Realty Corp. | 130 | ||||||
5,335 | Kimco Realty Corp. | 110 | ||||||
846 | Lamar Advertising Co., Class – A | 76 | ||||||
2,212 | Liberty Property Trust | 133 | ||||||
661 | Life Storage, Inc. | 72 | ||||||
6,040 | Medical Properties Trust, Inc. | 128 | ||||||
1,065 | Mid-America Apartment Communities, Inc. | 140 | ||||||
2,155 | National Retail Properties, Inc. | 116 | ||||||
2,890 | OMEGA Healthcare Investors, Inc. | 122 | ||||||
2,375 | Outfront Media, Inc. | 64 | ||||||
9,049 | Prologis, Inc. | 807 | ||||||
539 | Public Storage | 115 | ||||||
19,572 | Realty Income Corp. | 1,441 | ||||||
8,675 | Regency Centers Corp. | 547 | ||||||
2,503 | Retail Properties of America, Inc., Class – A | 34 | ||||||
1,037 | Simon Property Group, Inc. | 154 | ||||||
1,445 | SL Green Realty Corp. | 133 | ||||||
3,191 | Store Capital Corp. | 119 | ||||||
1,367 | Sun Communities, Inc. | 205 | ||||||
21,341 | UDR, Inc. | 997 | ||||||
1,972 | Ventas, Inc. | 114 | ||||||
20,258 | Welltower, Inc. | 1,657 | ||||||
69,480 | Weyerhaeuser Co. | 2,097 | ||||||
1,573 | WP Carey, Inc. | 126 | ||||||
|
| |||||||
20,007 | ||||||||
|
| |||||||
Food & Staples Retailing — 1.41% |
| |||||||
3,254 | Casey’s General Stores, Inc. | 517 | ||||||
1,922 | Costco Wholesale Corp. | 565 | ||||||
9,412 | Sysco Corp. | 805 | ||||||
9,040 | The Kroger Co. | 262 | ||||||
1,201 | US Foods Holding Corp. (a) | 50 | ||||||
4,928 | Walgreens Boots Alliance, Inc. | 291 | ||||||
50,961 | Wal-Mart Stores, Inc. | 6,057 | ||||||
|
| |||||||
8,547 | ||||||||
|
| |||||||
Food Products — 0.95% |
| |||||||
13,782 | Archer-Daniels-Midland Co. | 639 | ||||||
3,445 | Campbell Soup Co. | 170 | ||||||
16,807 | ConAgra Foods, Inc. | 575 | ||||||
5,689 | Flowers Foods, Inc. | 124 | ||||||
12,760 | General Mills, Inc. | 683 | ||||||
1,964 | Hershey Co. | 289 | ||||||
2,450 | Hormel Foods Corp. | 111 | ||||||
10,293 | Kellogg Co. | 712 | ||||||
3,010 | Lamb Weston Holding, Inc. | 259 | ||||||
6,262 | Mondelez International, Inc., Class – A | 345 | ||||||
6,350 | The Hain Celestial Group, Inc. (a) | 165 | ||||||
13,887 | The Kraft Heinz Co. | 446 | ||||||
13,185 | TreeHouse Foods, Inc. (a) | 639 | ||||||
6,256 | Tyson Foods, Inc., Class – A | 570 | ||||||
|
| |||||||
5,727 | ||||||||
|
| |||||||
Gas Utilities — 0.01% |
| |||||||
808 | Atmos Energy Corp. | 90 | ||||||
|
|
See accompanying notes to financial statements.
3
HC CAPITAL TRUST
The Value Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) |
| |||||||
Health Care Equipment & Supplies — 2.54% |
| |||||||
48,674 | Abbott Laboratories | $ | 4,227 | |||||
999 | Abiomed, Inc. (a) | 170 | ||||||
1,636 | Align Technology, Inc. (a) | 457 | ||||||
2,461 | Baxter International, Inc. | 206 | ||||||
464 | Becton, Dickinson & Co. | 126 | ||||||
2,630 | Boston Scientific Corp. (a) | 119 | ||||||
3,475 | Danaher Corp. | 533 | ||||||
4,703 | Dentsply Sirona, Inc. | 266 | ||||||
773 | Dexcom, Inc. (a) | 169 | ||||||
750 | Edwards Lifesciences Corp. (a) | 175 | ||||||
25 | Hill-Rom Holdings, Inc. | 3 | ||||||
699 | ICU Medical, Inc. (a) | 131 | ||||||
1,653 | IDEXX Laboratories, Inc. (a) | 432 | ||||||
1,458 | Integra LifeSciences Holdings Corp. (a) | 85 | ||||||
1,465 | Intuitive Surgical, Inc. (a) | 866 | ||||||
49,251 | Medtronic PLC | 5,589 | ||||||
5,537 | Penumbra, Inc. (a) | 910 | ||||||
597 | STERIS PLC | 91 | ||||||
524 | Stryker Corp. | 110 | ||||||
212 | Teleflex, Inc. | 80 | ||||||
59 | The Cooper Cos., Inc. | 19 | ||||||
4,237 | Zimmer Biomet Holdings, Inc. | 634 | ||||||
|
| |||||||
15,398 | ||||||||
|
| |||||||
Health Care Providers & Services — 2.70% |
| |||||||
4,074 | Acadia Healthcare Company, Inc. (a) | 135 | ||||||
3,127 | AmerisourceBergen Corp. | 266 | ||||||
4,252 | Anthem, Inc. | 1,284 | ||||||
22,100 | Centene Corp. (a) | 1,389 | ||||||
15,806 | Cigna Corp. | 3,232 | ||||||
25,589 | CVS Health Corp. | 1,901 | ||||||
2,015 | Encompass Health Corp. | 140 | ||||||
5,553 | HCA Holdings, Inc. | 821 | ||||||
2,789 | Humana, Inc. | 1,022 | ||||||
2,131 | Laboratory Corporation of America Holdings (a) | 361 | ||||||
4,072 | McKesson Corp. | 563 | ||||||
4,799 | MEDNAX, Inc. (a) | 133 | ||||||
992 | Molina Heathcare, Inc. (a) | 135 | ||||||
2,883 | Quest Diagnostics, Inc. | 308 | ||||||
9,931 | UnitedHealth Group, Inc. | 2,920 | ||||||
9,579 | Universal Health Services, Inc., Class – B | 1,374 | ||||||
1,034 | WellCare Health Plans, Inc. (a) | 341 | ||||||
|
| |||||||
16,325 | ||||||||
|
| |||||||
Health Care Technology — 0.43% |
| |||||||
1,939 | Cerner Corp. | 142 | ||||||
17,515 | Veeva Systems, Inc. (a) | 2,464 | ||||||
|
| |||||||
2,606 | ||||||||
|
| |||||||
Hotels, Restaurants & Leisure — 1.90% |
| |||||||
5,040 | Aramark | 219 | ||||||
7,110 | Caesars Entertainment Corp. (a) | 97 | ||||||
21,292 | Carnival Corp., Class – A | 1,082 | ||||||
2,249 | Darden Restaurants, Inc. | 245 | ||||||
3,167 | Extended Stay America, Inc. | 47 | ||||||
148 | Hilton Worldwide Holdings, Inc. | 16 |
Shares | Security Description | Value (000) | ||||||
Hotels, Restaurants & Leisure (continued) |
| |||||||
2,020 | International Game Technology PLC | $ | 30 | |||||
11,407 | Las Vegas Sands Corp. | 788 | ||||||
25,567 | McDonald’s Corp. | 5,053 | ||||||
7,762 | Royal Caribbean Cruises Ltd. | 1,036 | ||||||
1,562 | Six Flags Entertainment Corp. | 70 | ||||||
30,827 | Starbucks Corp. | 2,710 | ||||||
2,948 | Wyndham Destinations, Inc. | 152 | ||||||
|
| |||||||
11,545 | ||||||||
|
| |||||||
Household Durables — 0.23% |
| |||||||
3,443 | D.R. Horton, Inc. | 182 | ||||||
3,121 | Garmin Ltd. | 304 | ||||||
6,069 | Leggett & Platt, Inc. | 309 | ||||||
5,364 | Lennar Corp., Class – A | 299 | ||||||
83 | Lennar Corp., Class – B | 4 | ||||||
4,132 | PulteGroup, Inc. | 160 | ||||||
3,071 | Toll Brothers, Inc. | 121 | ||||||
|
| |||||||
1,379 | ||||||||
|
| |||||||
Household Products — 1.93% |
| |||||||
2,171 | Church & Dwight Co., Inc. | 153 | ||||||
18,737 | Kimberly-Clark Corp. | 2,577 | ||||||
428 | Spectrum Brands Holdings, Inc. | 28 | ||||||
1,218 | The Clorox Co. | 187 | ||||||
70,122 | The Procter & Gamble Co. | 8,758 | ||||||
|
| |||||||
11,703 | ||||||||
|
| |||||||
Independent Power and Renewable Electricity Producers — 0.03% |
| |||||||
1,358 | NRG Energy, Inc., Class – C | 54 | ||||||
5,030 | Vistra Energy Corp. | 116 | ||||||
|
| |||||||
170 | ||||||||
|
| |||||||
Industrial Conglomerates — 1.17% |
| |||||||
12,155 | 3M Co. | 2,144 | ||||||
187,644 | General Electric Co. | 2,094 | ||||||
16,050 | Honeywell International, Inc. | 2,841 | ||||||
41 | Roper Industries, Inc. | 15 | ||||||
|
| |||||||
7,094 | ||||||||
|
| |||||||
Insurance — 2.56% |
| |||||||
23,599 | Aflac, Inc. | 1,248 | ||||||
151 | Alleghany Corp. (a) | 121 | ||||||
28,459 | Allstate Corp. | 3,200 | ||||||
16,390 | American International Group, Inc. | 841 | ||||||
3,483 | Arthur J. Gallagher & Co. | 332 | ||||||
1,195 | Assurant, Inc. | 157 | ||||||
2,155 | AXIS Capital Holdings Ltd. | 128 | ||||||
3,112 | Brighthouse Financial, Inc. (a) | 122 | ||||||
1,344 | Brown & Brown, Inc. | 53 | ||||||
14,513 | Chubb Ltd. | 2,260 | ||||||
4,986 | Cincinnati Financial Corp. | 524 | ||||||
522 | Erie Indemnity Co., Class – A | 87 | ||||||
3,189 | Everest Re Group Ltd. | 883 | ||||||
57,279 | FNF Group | 2,598 | ||||||
7,691 | Hartford Financial Services Group, Inc. | 467 | ||||||
52 | Markel Corp. (a) | 59 | ||||||
27,848 | MetLife, Inc. | 1,419 | ||||||
5,177 | Old Republic International Corp. | 116 |
See accompanying notes to financial statements.
4
HC CAPITAL TRUST
The Value Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) |
| |||||||
Insurance (continued) |
| |||||||
9,015 | Principal Financial Group, Inc. | $ | 496 | |||||
728 | Reinsurance Group of America | 119 | ||||||
2,164 | W.R. Berkley Corp. | 150 | ||||||
122 | White Mountains Insurance Group Ltd. | 136 | ||||||
|
| |||||||
15,516 | ||||||||
|
| |||||||
Interactive Media & Services — 5.00% |
| |||||||
9,357 | Alphabet, Inc., Class – A (a) | 12,532 | ||||||
4,588 | Alphabet, Inc., Class – C (a) | 6,134 | ||||||
55,740 | Facebook, Inc., Class – A (a) | 11,440 | ||||||
3,559 | Zillow Group, Inc., Class – C (a) | 164 | ||||||
|
| |||||||
30,270 | ||||||||
|
| |||||||
Internet & Direct Marketing Retail — 3.06% |
| |||||||
9,726 | Amazon.com, Inc. (a) | 17,972 | ||||||
15,824 | eBay, Inc. | 571 | ||||||
|
| |||||||
18,543 | ||||||||
|
| |||||||
IT Services — 4.80% |
| |||||||
2,831 | Accenture PLC, Class – A | 596 | ||||||
2,108 | Akamai Technologies, Inc. (a) | 182 | ||||||
4,072 | Cognizant Technology Solutions Corp. | 253 | ||||||
11,864 | EPAM Systems, Inc. (a) | 2,517 | ||||||
642 | Fidelity National Information Services, Inc. | 89 | ||||||
24,374 | GoDaddy, Inc., Class – A (a) | 1,655 | ||||||
16,668 | International Business Machines Corp. | 2,234 | ||||||
1,829 | Leidos Holdings, Inc. | 179 | ||||||
26,753 | MasterCard, Inc., Class – A | 7,987 | ||||||
22,424 | Okta, Inc. (a) | 2,587 | ||||||
6,910 | Paychex, Inc. | 588 | ||||||
41,866 | PayPal Holdings, Inc. (a) | 4,529 | ||||||
5,412 | VeriSign, Inc. (a) | 1,043 | ||||||
23,246 | Visa, Inc., Class – A | 4,368 | ||||||
10,501 | Western Union Co. | 281 | ||||||
43 | WEX, Inc. (a) | 9 | ||||||
|
| |||||||
29,097 | ||||||||
|
| |||||||
Leisure Products — 0.04% |
| |||||||
1,780 | Brunswick Corp. | 107 | ||||||
1,201 | Hasbro, Inc. | 127 | ||||||
|
| |||||||
234 | ||||||||
|
| |||||||
Life Sciences Tools & Services — 0.87% |
| |||||||
4,371 | Agilent Technologies, Inc. | 373 | ||||||
398 | Bio-Rad Laboratories, Inc., Class – A (a) | 147 | ||||||
1,294 | Bruker Biosciences Corp. | 66 | ||||||
438 | Charles River Laboratories International, Inc. (a) | 67 | ||||||
3,034 | Illumina, Inc. (a) | 1,006 | ||||||
337 | IQVIA Holdings, Inc. (a) | 52 | ||||||
2,796 | Mettler-Toledo International, Inc. (a) | 2,219 | ||||||
485 | PerkinElmer, Inc. | 47 | ||||||
881 | Qiagen N.V. (a) | 30 | ||||||
3,444 | Thermo Fisher Scientific, Inc. | 1,119 | ||||||
745 | Waters Corp. (a) | 174 | ||||||
|
| |||||||
5,300 | ||||||||
|
| |||||||
Machinery — 1.85% |
| |||||||
11,677 | AGCO Corp. | 902 |
Shares | Security Description | Value (000) | ||||||
Machinery (continued) |
| |||||||
12,196 | Caterpillar, Inc. | $ | 1,800 | |||||
5,236 | Colfax Corp. (a) | 190 | ||||||
5,428 | Cummins, Inc. | 971 | ||||||
53 | Donaldson Cos., Inc. | 3 | ||||||
4,752 | Dover Corp. | 548 | ||||||
3,214 | Fortive Corp. | 246 | ||||||
11,084 | Gates Industrial Corp. PLC (a) | 153 | ||||||
28 | IDEX Corp. | 5 | ||||||
7,831 | Ingersoll-Rand PLC | 1,040 | ||||||
1,442 | ITT, Inc. | 107 | ||||||
1,244 | Nordson, Inc. | 203 | ||||||
17,062 | Oshkosh Corp. | 1,615 | ||||||
3,523 | Pentair PLC | 162 | ||||||
1,272 | Terex Corp. | 38 | ||||||
6,496 | The Middleby Corp. (a) | 711 | ||||||
2,490 | The Timken Co. | 140 | ||||||
2,314 | Trinity Industries, Inc. | 51 | ||||||
12,886 | WABCO Holdings, Inc. (a) | 1,746 | ||||||
33,989 | Welbilt, Inc. (a) | 531 | ||||||
485 | Xylem, Inc. | 38 | ||||||
|
| |||||||
11,200 | ||||||||
|
| |||||||
Media — 1.46% |
| |||||||
2,420 | Charter Communications, Inc., Class – A (a) | 1,174 | ||||||
146,958 | Comcast Corp., Class – A | 6,609 | ||||||
2,118 | Dish Network Corp. (a) | 75 | ||||||
3,435 | Fox Corp., Class – B | 125 | ||||||
4,946 | Liberty Media Corp. – Liberty SiriusXM, Class – C (a) | 238 | ||||||
4,394 | Omnicom Group, Inc. | 356 | ||||||
411 | Sirius XM Holdings, Inc. | 3 | ||||||
12,282 | The Interpublic Group of Cos., Inc. | 284 | ||||||
|
| |||||||
8,864 | ||||||||
|
| |||||||
Metals & Mining — 0.31% |
| |||||||
7,957 | Alcoa Corp. (a) | 171 | ||||||
18,550 | Newmont Corp. | 806 | ||||||
9,396 | Nucor Corp. | 529 | ||||||
1,400 | Royal Gold, Inc. | 171 | ||||||
3,293 | Southern Copper Corp. | 140 | ||||||
1,912 | Steel Dynamics, Inc. | 65 | ||||||
|
| |||||||
1,882 | ||||||||
|
| |||||||
Mortgage Real Estate Investment Trusts — 0.08% |
| |||||||
5,675 | Chimera Investment Corp. | 117 | ||||||
8,563 | New Residential Investment Corp. | 138 | ||||||
4,793 | Starwood Property Trust, Inc. | 119 | ||||||
8,761 | Two Harbors Investment Corp. | 128 | ||||||
|
| |||||||
502 | ||||||||
|
| |||||||
Multiline Retail — 0.55% |
| |||||||
952 | Dollar General Corp. | 148 | ||||||
4,191 | Dollar Tree, Inc. (a) | 395 | ||||||
6,898 | Kohl’s Corp. | 351 | ||||||
3,820 | Nordstrom, Inc. | 156 | ||||||
17,745 | Target Corp. | 2,276 | ||||||
|
| |||||||
3,326 | ||||||||
|
|
See accompanying notes to financial statements.
5
HC CAPITAL TRUST
The Value Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) |
| |||||||
Multi-Utilities — 1.21% |
| |||||||
2,674 | Ameren Corp. | $ | 205 | |||||
1,937 | CMS Energy Corp. | 122 | ||||||
1,350 | Consolidated Edison, Inc. | 122 | ||||||
24,990 | Dominion Energy, Inc. | 2,070 | ||||||
1,043 | DTE Energy Co. | 135 | ||||||
93,331 | NiSource, Inc. | 2,599 | ||||||
5,865 | Public Service Enterprise Group, Inc. | 346 | ||||||
951 | Sempra Energy | 144 | ||||||
17,371 | WEC Energy Group, Inc. | 1,602 | ||||||
|
| |||||||
7,345 | ||||||||
|
| |||||||
Oil, Gas & Consumable Fuels — 3.41% |
| |||||||
7,760 | Apache Corp. | 199 | ||||||
8,606 | Cabot Oil & Gas Corp. | 150 | ||||||
34,844 | Chevron Corp. | 4,200 | ||||||
2,549 | Cimarex Energy Co. | 134 | ||||||
4,406 | Concho Resources, Inc. | 386 | ||||||
23,394 | ConocoPhillips | 1,521 | ||||||
562 | Continental Resources, Inc. | 19 | ||||||
20,302 | EOG Resources, Inc. | 1,701 | ||||||
29,974 | EQT Corp. | 327 | ||||||
57,301 | Exxon Mobil Corp. | 3,999 | ||||||
16,993 | Hess Corp. | 1,135 | ||||||
2,849 | HollyFrontier Corp. | 144 | ||||||
70,023 | Kinder Morgan, Inc. | 1,482 | ||||||
9,878 | Marathon Oil Corp. | 134 | ||||||
21,331 | Marathon Petroleum Corp. | 1,285 | ||||||
5,127 | Murphy Oil Corp. | 137 | ||||||
9,751 | Noble Energy, Inc. | 242 | ||||||
6,401 | ONEOK, Inc. | 484 | ||||||
3,630 | PBF Energy, Inc., Class – A | 114 | ||||||
9,353 | Phillips 66 | 1,042 | ||||||
908 | Pioneer Natural Resources Co. | 137 | ||||||
16,585 | Valero Energy Corp. | 1,554 | ||||||
10,783 | WPX Energy, Inc. (a) | 148 | ||||||
|
| |||||||
20,674 | ||||||||
|
| |||||||
Personal Products — 0.06% |
| |||||||
1,700 | The Estee Lauder Cos., Inc., Class – A | 351 | ||||||
|
| |||||||
Pharmaceuticals — 4.36% |
| |||||||
6,764 | Allergan PLC | 1,293 | ||||||
38,835 | Bristol-Myers Squibb Co. | 2,493 | ||||||
19,272 | Eli Lilly & Co. | 2,533 | ||||||
44,819 | Johnson & Johnson | 6,538 | ||||||
79,685 | Merck & Co., Inc. | 7,246 | ||||||
160,945 | Pfizer, Inc. | 6,306 | ||||||
|
| |||||||
26,409 | ||||||||
|
| |||||||
Professional Services — 0.86% |
| |||||||
4,444 | CoStar Group, Inc. (a) | 2,659 | ||||||
1,081 | Equifax, Inc. | 151 | ||||||
950 | IHS Markit Ltd. (a) | 72 | ||||||
825 | Robert Half International, Inc. | 52 | ||||||
15,150 | Versik Analytics, Inc., Class – A | 2,263 | ||||||
|
| |||||||
5,197 | ||||||||
|
|
Shares | Security Description | Value (000) | ||||||
Real Estate Management & Development — 0.02% |
| |||||||
1,691 | CBRE Group, Inc., Class – A (a) | $ | 104 | |||||
368 | Newmark Group, Inc., Class – A | 5 | ||||||
|
| |||||||
109 | ||||||||
|
| |||||||
Road & Rail — 0.85% |
| |||||||
1,606 | CSX Corp. | 116 | ||||||
1,140 | Hunt (JB) Transportation Services, Inc. | 133 | ||||||
6,693 | Lyft, Inc., Class – A (a) | 288 | ||||||
5,345 | Norfolk Southern Corp. | 1,038 | ||||||
975 | Old Dominion Freight Line, Inc. | 185 | ||||||
1,140 | Schneider National, Inc. | 25 | ||||||
18,473 | Union Pacific Corp. | 3,340 | ||||||
|
| |||||||
5,125 | ||||||||
|
| |||||||
Semiconductors & Semiconductor Equipment — 3.73% |
| |||||||
21,151 | Applied Materials, Inc. | 1,291 | ||||||
4,182 | Broadcom, Inc. | 1,322 | ||||||
137,670 | Intel Corp. | 8,240 | ||||||
3,302 | KLA Corp. | 588 | ||||||
1,129 | Lam Research Corp. | 330 | ||||||
6,026 | Marvell Technology Group Ltd. | 160 | ||||||
5,918 | Maxim Integrated Products, Inc. | 364 | ||||||
2,651 | Micron Technology, Inc. (a) | 143 | ||||||
12,565 | NVIDIA Corp. | 2,957 | ||||||
24,621 | Qualcomm, Inc. | 2,172 | ||||||
3,842 | Skyworks Solutions, Inc. | 464 | ||||||
23,905 | Texas Instruments, Inc. | 3,067 | ||||||
6,964 | Universal Display Corp. | 1,435 | ||||||
115 | Xilinx, Inc. | 11 | ||||||
|
| |||||||
22,544 | ||||||||
|
| |||||||
Software — 7.96% |
| |||||||
16,180 | Adobe, Inc. (a) | 5,336 | ||||||
14,588 | Autodesk, Inc. (a) | 2,676 | ||||||
29,183 | Manhattan Associates, Inc. (a) | 2,327 | ||||||
144,589 | Microsoft Corp. | 22,801 | ||||||
70,156 | Oracle Corp. | 3,717 | ||||||
11,384 | PAYCOM Software, Inc. (a) | 3,014 | ||||||
15,646 | Proofpoint, Inc. (a) | 1,796 | ||||||
18,193 | RingCentral, Inc., Class – A (a) | 3,069 | ||||||
1,918 | Salesforce.com, Inc. (a) | 312 | ||||||
11,142 | ServiceNow, Inc. (a) | 3,146 | ||||||
668 | Synopsys, Inc. (a) | 93 | ||||||
|
| |||||||
48,287 | ||||||||
|
| |||||||
Specialty Retail — 2.12% |
| |||||||
707 | Advance Auto Parts, Inc. | 113 | ||||||
2,829 | AutoNation, Inc. (a) | 138 | ||||||
22 | AutoZone, Inc. (a) | 26 | ||||||
7,757 | Best Buy Co., Inc. | 681 | ||||||
631 | Burlington Stores, Inc. (a) | 144 | ||||||
1,830 | CarMax, Inc. (a) | 160 | ||||||
2,192 | Dick’s Sporting Goods, Inc. | 108 | ||||||
45,768 | Floor & Decor Holdings, Inc., Class – A (a) | 2,326 | ||||||
2,750 | Foot Locker, Inc. | 107 | ||||||
6,486 | Gap, Inc. | 115 | ||||||
6,496 | Lowe’s Cos., Inc. | 778 | ||||||
1,901 | O’Reilly Automotive, Inc. (a) | 833 |
See accompanying notes to financial statements.
6
HC CAPITAL TRUST
The Value Equity Portfolio
Portfolio of Investments (concluded) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) |
| |||||||
Specialty Retail (continued) |
| |||||||
2,520 | Ross Stores, Inc. | $ | 293 | |||||
21,834 | The Home Depot, Inc. | 4,769 | ||||||
25,042 | The TJX Cos., Inc. | 1,529 | ||||||
2,493 | Tiffany & Co. | 333 | ||||||
5,030 | Urban Outfitters, Inc. (a) | 140 | ||||||
3,016 | Williams-Sonoma, Inc. | 221 | ||||||
|
| |||||||
12,814 | ||||||||
|
| |||||||
Technology Hardware, Storage & Peripherals — 5.45% |
| |||||||
100,447 | Apple, Inc. | 29,495 | ||||||
899 | Dell Technologies, Inc. (a) | 46 | ||||||
147,510 | HP, Inc. | 3,031 | ||||||
285 | NetApp, Inc. | 18 | ||||||
6,333 | Western Digital Corp. | 402 | ||||||
|
| |||||||
32,992 | ||||||||
|
| |||||||
Textiles, Apparel & Luxury Goods — 0.62% |
| |||||||
5,393 | Capri Holdings Ltd. (a) | 206 | ||||||
1,259 | Carter’s, Inc. | 138 | ||||||
7,423 | Hanesbrands, Inc. | 110 | ||||||
1,304 | Kontoor Brands, Inc. | 55 | ||||||
9,569 | NIKE, Inc., Class – B | 968 | ||||||
1,918 | PVH Corp. | 202 | ||||||
1,115 | Ralph Lauren Corp. | 131 | ||||||
11,112 | Tapestry, Inc. | 300 | ||||||
38,285 | Under Armour, Inc., Class – C (a) | 734 | ||||||
9,131 | V.F. Corp. | 910 | ||||||
|
| |||||||
3,754 | ||||||||
|
| |||||||
Thrifts & Mortgage Finance — 0.02% |
| |||||||
9,764 | New York Community Bancorp, Inc. | 117 | ||||||
|
| |||||||
Tobacco — 0.65% |
| |||||||
36,600 | Altria Group, Inc. | 1,827 | ||||||
24,784 | Philip Morris International, Inc. | 2,109 | ||||||
|
| |||||||
3,936 | ||||||||
|
| |||||||
Trading Companies & Distributors — 0.30% |
| |||||||
20,048 | Fastenal Co. | 740 | ||||||
4,912 | HD Supply Holdings, Inc. (a) | 198 | ||||||
441 | MSC Industrial Direct Co., Inc., Class – A | 35 |
Shares | Security Description | Value (000) | ||||||
Trading Companies & Distributors (continued) |
| |||||||
2,157 | United Rentals, Inc. (a) | $ | 359 | |||||
916 | W.W. Grainger, Inc. | 310 | ||||||
1,130 | Watsco, Inc. | 204 | ||||||
|
| |||||||
1,846 | ||||||||
|
| |||||||
Transportation Infrastructure — 0.04% |
| |||||||
5,918 | Macquarie Infrastructure Corp. | 254 | ||||||
|
| |||||||
Water Utilities — 0.02% |
| |||||||
1,178 | American Water Works Co., Inc. | 145 | ||||||
|
| |||||||
Wireless Telecommunication Services — 0.44% |
| |||||||
33,735 | T-Mobile USA, Inc. (a) | 2,645 | ||||||
|
| |||||||
Total Common Stocks | 593,003 | |||||||
|
| |||||||
Investment Companies — 1.80% |
| |||||||
267 | Dreyfus Treasury Securities Cash Management, Institutional Shares, 1.44% (b) | — | ||||||
150,616 | Federated Treasury Obligations Fund, Institutional Shares, 2.29%^^ (b) | 151 | ||||||
10,731,819 | State Street Institutional Treasury Plus Money Market Fund, Trust Class, 1.49% (b) | 10,732 | ||||||
|
| |||||||
Total Investment Companies | 10,883 | |||||||
|
| |||||||
Total Investments | 603,886 | |||||||
Other assets in excess of | 1,781 | |||||||
|
| |||||||
Net Assets — 100.00% | $ | 605,667 | ||||||
|
|
Amounts designated as “—” are $0 or have been rounded to $0.
^ | All or part of this security was on loan as of December 31, 2019. The total value of securities on loan as of December 31, 2019, was $149 (amount in thousands). |
^^ | 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 December 31, 2019. |
(a) | Representsnon-income producing security. |
(b) | The rate disclosed is the rate in effect on December 31, 2019. |
As of December 31, 2019, 100% of the Portfolio’s net assets were managed by Parametric Portfolio Associates, LLC.
The following table reflects the open derivative positions held by the Portfolio as of December 31, 2019.
Futures Contracts Purchased^
Description | Number of Contracts | Expiration Date | Notional Amount (000) | Value and Unrealized Appreciation/ (Depreciation) (000) | ||||||||||
E-Mini S&P 500 Future | 31 | 3/20/20 | $ | 5,008 | $ | 73 | ||||||||
E-Mini S&P Midcap 400 Future | 12 | 3/20/20 | 2,478 | 27 | ||||||||||
|
|
|
| |||||||||||
$ | 7,486 | $ | 100 | |||||||||||
|
|
|
| |||||||||||
Total Unrealized Appreciation |
| $ | 100 | |||||||||||
Total Unrealized Depreciation |
| — | ||||||||||||
|
| |||||||||||||
Total Net Unrealized Appreciation/(Depreciation) |
| $ | 100 | |||||||||||
|
|
^ | Cash has been pledged as collateral for futures contracts held by the Portfolio. |
Amounts designated as “—” are $0 or have been rounded to $0
See accompanying notes to financial statements.
7
HC CAPITAL TRUST
The Institutional Value Equity Portfolio
Portfolio of Investments — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks — 97.61% |
| |||||||
Aerospace & Defense — 2.19% |
| |||||||
1,138 | AAR Corp. | $ | 51 | |||||
22,524 | Arconic, Inc. | 694 | ||||||
5,663 | BWX Technologies, Inc. | 351 | ||||||
3,127 | Curtiss-Wright Corp. | 440 | ||||||
16,264 | General Dynamics Corp. | 2,868 | ||||||
1,442 | HEICO Corp. | 165 | ||||||
1,890 | HEICO Corp., Class – A | 169 | ||||||
3,822 | Hexcel Corp. | 280 | ||||||
1,422 | Huntington Ingalls Industries, Inc. | 357 | ||||||
10,760 | L3Harris Technologies, Inc. | 2,129 | ||||||
9,469 | Lockheed Martin Corp. | 3,687 | ||||||
809 | Moog, Inc., Class – A | 69 | ||||||
6,357 | Northrop Grumman Corp. | 2,187 | ||||||
13,437 | Raytheon Co. | 2,953 | ||||||
2,891 | Spirit Aerosystems Holdings, Inc., Class – A | 211 | ||||||
2,548 | Teledyne Technologies, Inc. (a) | 883 | ||||||
13,084 | Textron, Inc. | 584 | ||||||
16,012 | The Boeing Co. | 5,216 | ||||||
2,185 | TransDigm Group, Inc. | 1,223 | ||||||
2,055 | Triumph Group, Inc. | 52 | ||||||
45,115 | United Technologies Corp. | 6,756 | ||||||
|
| |||||||
31,325 | ||||||||
|
| |||||||
Air Freight & Logistics — 0.47% |
| |||||||
946 | Atlas Air Worldwide Holdings, Inc. (a) | 26 | ||||||
7,434 | C.H. Robinson Worldwide, Inc. | 581 | ||||||
8,181 | Expeditors International of Washington, Inc. | 638 | ||||||
13,320 | FedEx Corp. | 2,014 | ||||||
1,396 | Hub Group, Inc., Class – A (a) | 72 | ||||||
26,399 | United Parcel Service, Inc., Class – B | 3,091 | ||||||
3,904 | XPO Logistics, Inc. (a) | 311 | ||||||
|
| |||||||
6,733 | ||||||||
|
| |||||||
Airlines — 0.39% |
| |||||||
4,986 | Alaska Air Group, Inc. | 338 | ||||||
403 | Allegiant Travel Co. | 70 | ||||||
28,472 | American Airlines Group, Inc. | 817 | ||||||
1,803 | Copa Holdings SA, Class – A | 195 | ||||||
29,856 | Delta Air Lines, Inc. | 1,745 | ||||||
1,306 | Hawaiian Holdings, Inc. | 38 | ||||||
19,819 | JetBlue Airways Corp. (a) | 371 | ||||||
1,297 | SkyWest, Inc. | 84 | ||||||
19,214 | Southwest Airlines Co. | 1,037 | ||||||
11,518 | United Airlines Holdings, Inc. (a) | 1,015 | ||||||
|
| |||||||
5,710 | ||||||||
|
| |||||||
Auto Components — 0.25% |
| |||||||
3,103 | Adient PLC (a) | 66 | ||||||
4,677 | American Axle & Manufacturing Holdings, Inc. (a) | 50 | ||||||
13,673 | Aptiv PLC | 1,299 | ||||||
12,482 | BorgWarner, Inc. | 542 | ||||||
2,374 | Cooper Tire & Rubber Co. | 68 | ||||||
5,449 | Dana, Inc. | 99 | ||||||
698 | Dorman Products, Inc. (a) | 53 | ||||||
19,866 | Gentex Corp. | 576 | ||||||
14,431 | Goodyear Tire & Rubber Co. | 224 |
Shares | Security Description | Value (000) | ||||||
Auto Components (continued) |
| |||||||
292 | LCI Industries | $ | 31 | |||||
4,054 | Lear Corp. | 556 | ||||||
897 | Visteon Corp. (a) | 78 | ||||||
|
| |||||||
3,642 | ||||||||
|
| |||||||
Automobiles — 0.60% |
| |||||||
304,042 | Ford Motor Co. | 2,828 | ||||||
98,415 | General Motors Co. | 3,601 | ||||||
11,278 | Harley-Davidson, Inc. | 419 | ||||||
3,566 | Tesla, Inc. (a) | 1,492 | ||||||
4,302 | Thor Industries, Inc. | 320 | ||||||
|
| |||||||
8,660 | ||||||||
|
| |||||||
Banks — 6.45% |
| |||||||
7,839 | Associated Banc-Corp. | 173 | ||||||
456,287 | Bank of America Corp. | 16,071 | ||||||
1,993 | Bank of Hawaii Corp. | 189 | ||||||
6,780 | Bank OZK | 207 | ||||||
4,903 | BankUnited, Inc. | 179 | ||||||
1,878 | BOK Financial Corp. | 164 | ||||||
7,498 | CIT Group, Inc. | 342 | ||||||
129,694 | Citigroup, Inc. | 10,361 | ||||||
26,343 | Citizens Financial Group, Inc. | 1,070 | ||||||
7,965 | Comerica, Inc. | 571 | ||||||
5,925 | Commerce Bancshares, Inc. | 402 | ||||||
3,407 | Cullen/Frost Bankers, Inc. | 333 | ||||||
7,952 | East West Bancorp, Inc. | 387 | ||||||
42,673 | Fifth Third Bancorp | 1,311 | ||||||
365 | First Citizens BancShares, Inc., Class – A | 195 | ||||||
6,962 | First Hawaiian, Inc. | 201 | ||||||
20,776 | First Horizon National Corp. | 344 | ||||||
9,306 | First Republic Bank | 1,093 | ||||||
19,703 | FNB Corp. | 250 | ||||||
57,377 | Huntington Bancshares, Inc. | 865 | ||||||
174,662 | JPMorgan Chase & Co. | 24,350 | ||||||
58,482 | KeyCorp | 1,183 | ||||||
7,424 | M&T Bank Corp. | 1,261 | ||||||
6,700 | PacWest Bancorp | 256 | ||||||
24,121 | People’s United Financial, Inc. | 407 | ||||||
4,746 | Pinnacle Financial Partners, Inc. | 304 | ||||||
25,823 | PNC Financial Services Group, Inc. | 4,122 | ||||||
5,426 | Popular, Inc. | 319 | ||||||
4,653 | Prosperity Bancshares, Inc. | 334 | ||||||
55,364 | Regions Financial Corp. | 950 | ||||||
2,270 | Signature Bank | 310 | ||||||
13,470 | Sterling Bancorp | 284 | ||||||
2,740 | SVB Financial Group (a) | 688 | ||||||
7,955 | Synovus Financial Corp. | 312 | ||||||
8,471 | TCF Financial Corp. | 397 | ||||||
2,735 | Texas Capital Bancshares, Inc. (a) | 155 | ||||||
74,565 | Truist Financial Corp. | 4,199 | ||||||
84,305 | U.S. Bancorp | 4,999 | ||||||
12,770 | Umpqua Holdings Corp. | 226 | ||||||
616 | United Bankshares, Inc. | 24 | ||||||
2,995 | Valley National Bancorp | 34 | ||||||
5,535 | Webster Financial Corp. | 295 | ||||||
213,796 | Wells Fargo & Co. | 11,503 |
See accompanying notes to financial statements.
8
HC CAPITAL TRUST
The Institutional Value Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) |
| |||||||
Banks (continued) |
| |||||||
5,554 | Western Alliance Bancorp | $ | 317 | |||||
3,179 | Wintrust Financial Corp. | 225 | ||||||
9,652 | Zions Bancorp | 501 | ||||||
|
| |||||||
92,663 | ||||||||
|
| |||||||
Beverages — 1.62% |
| |||||||
1,186 | Brown-Forman Corp., Class – A | 74 | ||||||
9,584 | Brown-Forman Corp., Class – B | 648 | ||||||
1,107 | Coca-Cola European Partners PLC | 56 | ||||||
9,272 | Constellation Brands, Inc., Class – A | 1,759 | ||||||
14,076 | Keurig Dr Pepper, Inc. | 407 | ||||||
9,949 | Molson Coors Beverage Co., Class – B | 536 | ||||||
11,699 | Monster Beverage Corp. (a) | 744 | ||||||
65,825 | PepsiCo, Inc. | 8,997 | ||||||
307 | The Boston Beer Co., Inc., Class – A (a) | 116 | ||||||
180,591 | The Coca-Cola Co. | 9,996 | ||||||
|
| |||||||
23,333 | ||||||||
|
| |||||||
Biotechnology — 1.63% |
| |||||||
44,691 | AbbVie, Inc. | 3,958 | ||||||
2,953 | Agios Pharmaceuticals, Inc. (a) | 141 | ||||||
6,893 | Alexion Pharmaceuticals, Inc. (a) | 746 | ||||||
9,545 | Alkermes PLC (a) | 195 | ||||||
3,211 | Alnylam Pharmaceuticals, Inc. (a) | 369 | ||||||
16,472 | Amgen, Inc. | 3,971 | ||||||
8,874 | Biogen, Inc. (a) | 2,633 | ||||||
4,415 | BioMarin Pharmaceutical, Inc. (a) | 373 | ||||||
2,915 | Bluebird Bio, Inc. (a) | 256 | ||||||
3,690 | Exact Sciences Corp. (a) | 341 | ||||||
13,759 | Exelixis, Inc. (a) | 243 | ||||||
79,877 | Gilead Sciences, Inc. | 5,191 | ||||||
5,375 | Incyte Corp. (a) | 469 | ||||||
3,170 | Ionis Pharmaceuticals, Inc. (a) | 191 | ||||||
4,434 | Moderna, Inc. (a) | 87 | ||||||
3,278 | Myriad Genetics, Inc. (a) | 89 | ||||||
2,240 | Neurocrine Biosciences, Inc. (a) | 241 | ||||||
3,998 | Regeneron Pharmaceuticals, Inc. (a) | 1,501 | ||||||
1,248 | Sage Therapeutics, Inc. (a) | 90 | ||||||
1,745 | Sarepta Therapeutics, Inc. (a) | 225 | ||||||
2,984 | Seattle Genetics, Inc. (a) | 341 | ||||||
3,512 | United Therapeutics Corp. (a) | 309 | ||||||
6,490 | Vertex Pharmaceuticals, Inc. (a) | 1,421 | ||||||
|
| |||||||
23,381 | ||||||||
|
| |||||||
Building Products — 0.38% |
| |||||||
9,015 | A.O. Smith Corp. | 429 | ||||||
3,106 | Allegion PLC | 387 | ||||||
2,432 | Armstrong World Industries, Inc. | 229 | ||||||
6,696 | Fortune Brands Home & Security, Inc. | 438 | ||||||
1,124 | Griffon Corp. | 23 | ||||||
46,953 | Johnson Controls International PLC | 1,912 | ||||||
1,496 | Lennox International, Inc. | 364 | ||||||
20,557 | Masco Corp. | 987 | ||||||
541 | Masonite International Corp. (a) | 39 | ||||||
7,194 | Owens Corning, Inc. | 468 | ||||||
5,778 | Resideo Technologies, Inc. (a) | 69 | ||||||
2,347 | Universal Forest Products, Inc. | 112 | ||||||
|
| |||||||
5,457 | ||||||||
|
|
Shares | Security Description | Value (000) | ||||||
Capital Markets — 2.84% |
| |||||||
3,300 | Affiliated Managers Group, Inc. | $ | 280 | |||||
7,134 | Ameriprise Financial, Inc. | 1,188 | ||||||
1,106 | Artisan Partners Asset Management, Inc., Class – A | 36 | ||||||
46,294 | Bank of New York Mellon Corp. | 2,330 | ||||||
12,203 | BGC Partners, Inc., Class – A | 72 | ||||||
7,000 | BlackRock, Inc., Class – A | 3,520 | ||||||
5,259 | CBOE Global Markets, Inc. | 632 | ||||||
21,236 | CME Group, Inc. | 4,263 | ||||||
406 | Cohen & Steers, Inc. | 25 | ||||||
11,966 | E*Trade Financial Corp. | 543 | ||||||
6,229 | Eaton Vance Corp. | 291 | ||||||
2,668 | Evercore, Inc., Class – A | 199 | ||||||
1,431 | FactSet Research Systems, Inc. | 384 | ||||||
2,572 | Federated Investors, Inc., Class – B | 84 | ||||||
23,793 | Franklin Resources, Inc. | 618 | ||||||
20,117 | Goldman Sachs Group, Inc. | 4,626 | ||||||
3,808 | Interactive Brokers Group, Inc., Class – A | 178 | ||||||
28,075 | Intercontinental Exchange, Inc. | 2,598 | ||||||
26,002 | Invesco Ltd. | 468 | ||||||
10,179 | Janus Henderson Group PLC | 249 | ||||||
4,536 | Lazard Ltd., Class – A | 181 | ||||||
6,875 | Legg Mason, Inc. | 247 | ||||||
4,917 | LPL Financial Holdings, Inc. | 454 | ||||||
1,283 | MarketAxess Holdings, Inc. | 486 | ||||||
4,964 | Moody’s Corp. | 1,178 | ||||||
65,706 | Morgan Stanley | 3,359 | ||||||
1,119 | Morningstar, Inc. | 169 | ||||||
3,221 | MSCI, Inc. Common | 831 | ||||||
7,350 | Nasdaq, Inc. | 787 | ||||||
10,959 | Northern Trust Corp. | 1,164 | ||||||
6,119 | Raymond James Financial, Inc. | 547 | ||||||
7,818 | S&P Global, Inc. | 2,135 | ||||||
7,978 | SEI Investments Co. | 523 | ||||||
20,564 | State Street Corp. | 1,626 | ||||||
625 | Stifel Financial Corp. | 38 | ||||||
13,463 | T. Rowe Price Group, Inc. | 1,640 | ||||||
7,908 | TD Ameritrade Holding Corp. | 393 | ||||||
43,834 | The Charles Schwab Corp. | 2,084 | ||||||
1,512 | Virtu Financial, Inc., Class – A | 24 | ||||||
6,029 | Waddell & Reed Financial, Inc., Class – A | 101 | ||||||
|
| |||||||
40,551 | ||||||||
|
| |||||||
Chemicals — 2.21% |
| |||||||
12,100 | Air Products & Chemicals, Inc. | 2,845 | ||||||
5,764 | Albemarle Corp. | 421 | ||||||
3,387 | Ashland Global Holdings, Inc. | 259 | ||||||
12,616 | Axalta Coating Systems Ltd. (a) | 383 | ||||||
2,510 | Cabot Corp. | 119 | ||||||
8,047 | Celanese Corp., Series A | 990 | ||||||
12,075 | CF Industries Holdings, Inc. | 577 | ||||||
41,357 | Corteva, Inc. | 1,222 | ||||||
41,380 | Dow, Inc. | 2,264 | ||||||
41,970 | DuPont de Nemours, Inc. | 2,695 | ||||||
7,751 | Eastman Chemical Co. | 614 | ||||||
8,618 | Ecolab, Inc. | 1,663 |
See accompanying notes to financial statements.
9
HC CAPITAL TRUST
The Institutional Value Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) |
| |||||||
Chemicals (continued) |
| |||||||
10,023 | Element Solutions, Inc. (a) | $ | 118 | |||||
8,004 | FMC Corp. | 799 | ||||||
15,003 | Huntsman Corp. | 362 | ||||||
1,285 | Innophos Holdings, Inc. | 41 | ||||||
426 | Innospec, Inc. | 44 | ||||||
6,762 | International Flavors & Fragrances, Inc. | 872 | ||||||
31,884 | Linde PLC | 6,789 | ||||||
27,839 | LyondellBasell Industries N.V., Class – A | 2,630 | ||||||
483 | NewMarket Corp. | 235 | ||||||
8,999 | Olin Corp. | 155 | ||||||
1,596 | PolyOne Corp. | 59 | ||||||
13,170 | PPG Industries, Inc. | 1,758 | ||||||
7,837 | RPM International, Inc. | 601 | ||||||
838 | Sensient Technologies Corp. | 55 | ||||||
9,330 | The Chemours Co. | 169 | ||||||
28,913 | The Mosaic Co. | 626 | ||||||
2,526 | The ScottsMiracle-Gro Co. | 269 | ||||||
2,462 | The Sherwin-Williams Co. | 1,436 | ||||||
664 | Trinseo SA | 25 | ||||||
10,554 | Valvoline, Inc. | 226 | ||||||
2,042 | W.R. Grace & Co. | 143 | ||||||
2,479 | Westlake Chemical Corp. | 174 | ||||||
|
| |||||||
31,638 | ||||||||
|
| |||||||
Commercial Services & Supplies — 0.49% |
| |||||||
1,845 | ABM Industries, Inc. | 70 | ||||||
3,137 | ACCO Brands Corp. | 29 | ||||||
4,065 | ADT, Inc. | 32 | ||||||
1,004 | Advanced Disposal Services, Inc. (a) | 33 | ||||||
541 | Brady Corp., Class – A | 31 | ||||||
3,407 | Cintas Corp. | 918 | ||||||
3,316 | Clean Harbors, Inc. (a) | 284 | ||||||
9,659 | Copart, Inc. (a) | 879 | ||||||
3,098 | Covanta Holding Corp. | 46 | ||||||
1,838 | Deluxe Corp. | 92 | ||||||
1,648 | Healthcare Services Group, Inc. | 40 | ||||||
1,793 | Herman Miller, Inc. | 75 | ||||||
1,505 | HNI Corp. | 56 | ||||||
3,836 | IAA, Inc. (a) | 180 | ||||||
6,565 | KAR Auction Services, Inc. | 143 | ||||||
15,665 | Pitney Bowes, Inc. | 63 | ||||||
12,747 | Republic Services, Inc., Class – A | 1,142 | ||||||
5,135 | Rollins, Inc. | 170 | ||||||
5,023 | Steelcase, Inc., Class – A | 103 | ||||||
6,861 | Stericycle, Inc. (a) | 437 | ||||||
274 | Tetra Tech, Inc. | 24 | ||||||
263 | The Brink’s Co. | 24 | ||||||
808 | Waste Connections, Inc. | 73 | ||||||
17,827 | Waste Management, Inc. | 2,032 | ||||||
|
| |||||||
6,976 | ||||||||
|
| |||||||
Communications Equipment — 0.69% |
| |||||||
1,464 | Arista Networks, Inc. (a) | 298 | ||||||
8,541 | Ciena Corp. (a) | 364 | ||||||
107,589 | Cisco Systems, Inc. | 5,159 | ||||||
9,594 | Commscope Holding, Inc. (a) | 136 |
Shares | Security Description | Value (000) | ||||||
Communications Equipment (continued) |
| |||||||
2,353 | EchoStar Corp., Class – A (a) | $ | 102 | |||||
1,780 | F5 Networks, Inc. (a) | 249 | ||||||
24,299 | Juniper Networks, Inc. | 598 | ||||||
12,662 | Motorola Solutions, Inc. | 2,041 | ||||||
1,706 | NetScout Systems, Inc. (a) | 41 | ||||||
2,416 | Palo Alto Networks, Inc. (a) | 559 | ||||||
465 | Ubiquiti, Inc. | 88 | ||||||
3,360 | ViaSat, Inc. (a) | 246 | ||||||
|
| |||||||
9,881 | ||||||||
|
| |||||||
Construction & Engineering — 0.17% |
| |||||||
11,573 | AECOM (a) | 500 | ||||||
1,372 | Arcosa, Inc. | 61 | ||||||
255 | EMCOR Group, Inc. | 22 | ||||||
13,084 | Fluor Corp. | 247 | ||||||
9,744 | Jacobs Engineering Group, Inc. | 875 | ||||||
337 | MasTec, Inc. (a) | 22 | ||||||
9,450 | Quanta Services, Inc. | 385 | ||||||
3,371 | Tutor Perini Corp. (a) | 43 | ||||||
1,417 | Valmont Industries, Inc. | 212 | ||||||
|
| |||||||
2,367 | ||||||||
|
| |||||||
Construction Materials — 0.12% |
| |||||||
1,978 | Eagle Materials, Inc., Class – A | 180 | ||||||
3,019 | Martin Marietta Materials, Inc. | 844 | ||||||
4,392 | Vulcan Materials Co. | 632 | ||||||
|
| |||||||
1,656 | ||||||||
|
| |||||||
Consumer Finance — 0.82% |
| |||||||
32,907 | Ally Financial, Inc. | 1,005 | ||||||
28,579 | American Express Co. | 3,560 | ||||||
33,079 | Capital One Financial Corp. | 3,406 | ||||||
298 | Credit Acceptance Corp. (a) | 132 | ||||||
17,432 | Discover Financial Services | 1,478 | ||||||
309 | FirstCash, Inc. | 25 | ||||||
17,184 | Navient Corp. | 234 | ||||||
360 | Nelnet, Inc., Class – A | 21 | ||||||
2,954 | OneMain Holdings, Inc. | 125 | ||||||
1,609 | PRA Group, Inc. (a) | 58 | ||||||
9,916 | Santander Consumer USA Holdings, Inc. | 231 | ||||||
23,718 | SLM Corp. | 211 | ||||||
33,654 | Synchrony Financial | 1,211 | ||||||
684 | World Acceptance Corp. (a) | 59 | ||||||
|
| |||||||
11,756 | ||||||||
|
| |||||||
Containers & Packaging — 0.44% |
| |||||||
3,890 | AptarGroup, Inc. | 449 | ||||||
891 | Ardagh Group SA | 17 | ||||||
3,738 | Avery Dennison Corp. | 490 | ||||||
10,476 | Ball Corp. | 678 | ||||||
6,049 | Berry Global Group, Inc. (a) | 287 | ||||||
7,484 | Crown Holdings, Inc. (a) | 543 | ||||||
22,125 | Graphic Packaging Holding Co. | 368 | ||||||
599 | Greif, Inc., Class – A | 26 | ||||||
21,761 | International Paper Co. | 1,003 | ||||||
7,176 | O-I Glass, Inc. | 85 | ||||||
5,451 | Packaging Corporation of America | 610 | ||||||
10,578 | Sealed Air Corp. | 422 | ||||||
6,764 | Silgan Holdings | 211 |
See accompanying notes to financial statements.
10
HC CAPITAL TRUST
The Institutional Value Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) |
| |||||||
Containers & Packaging (continued) |
| |||||||
8,658 | Sonoco Products Co. | $ | 534 | |||||
15,488 | WestRock Co. | 664 | ||||||
|
| |||||||
6,387 | ||||||||
|
| |||||||
Distributors — 0.14% |
| |||||||
1,789 | Core-Mark Holding Co., Inc. | 49 | ||||||
8,856 | Genuine Parts Co. | 940 | ||||||
17,043 | LKQ Corp. (a) | 609 | ||||||
1,788 | Pool Corp. | 380 | ||||||
|
| |||||||
1,978 | ||||||||
|
| |||||||
Diversified Consumer Services — 0.16% |
| |||||||
1,813 | Adtalem Global Education, Inc. (a) | 63 | ||||||
2,240 | Bright Horizons Family Solutions, Inc. (a) | 338 | ||||||
4,728 | Frontdoor, Inc. (a) | 224 | ||||||
389 | Graham Holdings Co. | 249 | ||||||
2,697 | Grand Canyon Education, Inc. (a) | 258 | ||||||
16,113 | H&R Block, Inc. | 378 | ||||||
6,496 | Houghton Mifflin Harcourt Co. (a) | 41 | ||||||
2,648 | Regis Corp. (a) | 47 | ||||||
8,483 | Service Corporation International | 390 | ||||||
8,243 | ServiceMaster Global Holdings, Inc. (a) | 319 | ||||||
|
| |||||||
2,307 | ||||||||
|
| |||||||
Diversified Financial Services — 1.85% |
| |||||||
24,265 | AXA Equitable Holdings, Inc. | 601 | ||||||
109,303 | Berkshire Hathaway, Inc., Class – B (a) | 24,757 | ||||||
1,465 | Cannae Holdings, Inc. (a) | 54 | ||||||
17,245 | Jefferies Financial Group, Inc. | 369 | ||||||
11,492 | Voya Financial, Inc. | 701 | ||||||
|
| |||||||
26,482 | ||||||||
|
| |||||||
Diversified Telecommunication Services — 2.72% |
| |||||||
478,671 | AT&T, Inc. | 18,706 | ||||||
86,109 | CenturyLink, Inc. | 1,138 | ||||||
306,829 | Verizon Communications, Inc. | 18,839 | ||||||
6,867 | Zayo Group Holdings, Inc. (a) | 238 | ||||||
|
| |||||||
38,921 | ||||||||
|
| |||||||
Electric Utilities — 2.43% |
| |||||||
13,750 | Alliant Energy Corp. | 753 | ||||||
29,340 | American Electric Power, Inc. | 2,773 | ||||||
4,236 | Avangrid, Inc. | 216 | ||||||
40,626 | Duke Energy Corp. | 3,705 | ||||||
20,655 | Edison International | 1,558 | ||||||
13,670 | Entergy Corp. | 1,638 | ||||||
14,341 | Evergy, Inc. | 934 | ||||||
19,325 | Eversource Energy | 1,644 | ||||||
63,688 | Exelon Corp. | 2,904 | ||||||
31,610 | FirstEnergy Corp. | 1,536 | ||||||
8,355 | Hawaiian Electric Industries, Inc. | 391 | ||||||
2,795 | IDACORP, Inc. | 298 | ||||||
28,862 | NextEra Energy, Inc. | 6,991 | ||||||
11,410 | OGE Energy Corp. | 507 | ||||||
28,224 | PG&E Corp. (a) | 306 | ||||||
6,161 | Pinnacle West Capital Corp. | 554 | ||||||
567 | Portland General Electric Co. | 32 | ||||||
46,694 | PPL Corp. | 1,675 |
Shares | Security Description | Value (000) | ||||||
Electric Utilities (continued) |
| |||||||
70,619 | The Southern Co. | $ | 4,498 | |||||
30,866 | Xcel Energy, Inc. | 1,960 | ||||||
|
| |||||||
34,873 | ||||||||
|
| |||||||
Electrical Equipment — 0.59% |
| |||||||
2,472 | Acuity Brands, Inc. | 341 | ||||||
7,857 | AMETEK, Inc. | 783 | ||||||
24,418 | Eaton Corp. PLC | 2,313 | ||||||
37,765 | Emerson Electric Co. | 2,880 | ||||||
406 | Encore Wire Corp. | 23 | ||||||
1,298 | Generac Holdings, Inc. (a) | 131 | ||||||
2,967 | GrafTech International Ltd. | 34 | ||||||
2,816 | Hubbell, Inc. | 417 | ||||||
8,554 | nVent Electric PLC | 218 | ||||||
2,036 | Regal-Beloit Corp. | 174 | ||||||
4,045 | Rockwell Automation, Inc. | 820 | ||||||
6,740 | Sensata Technologies Holding PLC (a) | 364 | ||||||
|
| |||||||
8,498 | ||||||||
|
| |||||||
Electronic Equipment, Instruments & Components — 0.68% |
| |||||||
7,193 | Amphenol Corp., Class – A | 777 | ||||||
1,369 | Anixter International, Inc. (a) | 126 | ||||||
6,562 | Arrow Electronics, Inc. (a) | 557 | ||||||
10,105 | Avnet, Inc. | 430 | ||||||
1,590 | Benchmark Electronics, Inc. | 55 | ||||||
5,773 | CDW Corporation of Delaware | 825 | ||||||
5,220 | Cognex Corp. | 293 | ||||||
1,333 | Coherent, Inc. (a) | 222 | ||||||
63,640 | Corning, Inc. | 1,851 | ||||||
4,096 | Dolby Laboratories, Inc., Class – A | 282 | ||||||
3,869 | Flex Ltd. (a) | 49 | ||||||
8,576 | FLIR Systems, Inc. | 446 | ||||||
1,769 | Insight Enterprises, Inc. (a) | 124 | ||||||
1,972 | IPG Photonics Corp. (a) | 286 | ||||||
10,325 | Jabil, Inc. | 427 | ||||||
5,696 | Keysight Technologies, Inc. (a) | 584 | ||||||
1,333 | Littelfuse, Inc. | 255 | ||||||
1,060 | Methode Electronics, Inc. | 42 | ||||||
6,996 | National Instruments Corp. | 296 | ||||||
577 | PC Connection, Inc. | 29 | ||||||
968 | Plexus Corp. (a) | 74 | ||||||
3,288 | Sanmina Corp. (a) | 113 | ||||||
718 | ScanSource, Inc. (a) | 27 | ||||||
3,089 | SYNNEX Corp. | 398 | ||||||
1,534 | Tech Data Corp. (a) | 220 | ||||||
12,943 | Trimble, Inc. (a) | 539 | ||||||
3,541 | Vishay Intertechnology, Inc. | 75 | ||||||
1,607 | Zebra Technologies Corp., Class – A (a) | 411 | ||||||
|
| |||||||
9,813 | ||||||||
|
| |||||||
Energy Equipment & Services — 0.51% |
| |||||||
3,220 | Apergy Corp. (a) | 109 | ||||||
4,132 | Archrock, Inc. Com | 41 | ||||||
41,641 | Baker Hughes, Inc. | 1,067 | ||||||
2,143 | Dril-Quip, Inc. (a) | 101 | ||||||
47,996 | Halliburton Co. | 1,175 | ||||||
5,750 | Helix Energy Solutions Group, Inc. (a) | 55 |
See accompanying notes to financial statements.
11
HC CAPITAL TRUST
The Institutional Value Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) |
| |||||||
Energy Equipment & Services (continued) |
| |||||||
6,593 | Helmerich & Payne, Inc. | $ | 299 | |||||
11,724 | Nabors Industries Ltd. | 34 | ||||||
32,926 | National Oilwell Varco, Inc. | 825 | ||||||
7,168 | Oceaneering International, Inc. (a) | 107 | ||||||
2,747 | Oil States International, Inc. (a) | 45 | ||||||
14,600 | Patterson-UTI Energy, Inc. | 153 | ||||||
77,514 | Schlumberger Ltd. | 3,116 | ||||||
40,987 | Transocean Ltd. (a) | 282 | ||||||
2,504 | Valaris PLC | 16 | ||||||
|
| |||||||
7,425 | ||||||||
|
| |||||||
Entertainment — 1.89% |
| |||||||
40,611 | Activision Blizzard, Inc. | 2,413 | ||||||
4,466 | AMC Entertainment Holdings, Inc., Class – A | 32 | ||||||
8,816 | Cinemark Holdings, Inc. | 299 | ||||||
8,460 | Electronic Arts, Inc. (a) | 909 | ||||||
1,319 | Liberty Media Corp. – Liberty Formula One, Class – A (a) | 57 | ||||||
12,046 | Liberty Media Corp. – Liberty Formula One, Class – C (a) | 554 | ||||||
2,570 | Lions Gate Entertainment Corp., Class – A (a) | 27 | ||||||
5,804 | Lions Gate Entertainment Corp., Class – B (a) | 58 | ||||||
4,088 | Live Nation Entertainment, Inc. (a) | 292 | ||||||
10,504 | Netflix, Inc. (a) | 3,399 | ||||||
2,914 | Spotify Technology SA (a) | 436 | ||||||
4,587 | Take-Two Interactive Software, Inc. (a) | 562 | ||||||
1,141 | The Madison Square Garden Co., Class – A (a) | 336 | ||||||
119,199 | The Walt Disney Co. | 17,240 | ||||||
1,239 | World Wrestling Entertainment, Inc., Class – A | 80 | ||||||
49,570 | Zynga, Inc. (a) | 304 | ||||||
|
| |||||||
26,998 | ||||||||
|
| |||||||
Equity Real Estate Investment Trusts — 4.29% |
| |||||||
1,018 | Acadia Realty Trust | 26 | ||||||
1,574 | Alexander & Baldwin, Inc. | 33 | ||||||
7,704 | Alexandria Real Estate Equities, Inc. | 1,245 | ||||||
9,624 | American Campus Communities, Inc. | 453 | ||||||
14,503 | American Homes 4 Rent, Class – A | 380 | ||||||
13,440 | American Tower Corp. | 3,090 | ||||||
5,100 | Americold Realty Trust | 179 | ||||||
10,892 | Apartment Investment & Management Co. | 563 | ||||||
16,429 | Apple Hospitality REIT, Inc. | 268 | ||||||
8,888 | AvalonBay Communities, Inc. | 1,864 | ||||||
10,016 | Boston Properties, Inc. | 1,380 | ||||||
14,234 | Brandywine Realty Trust | 224 | ||||||
24,805 | Brixmor Property Group, Inc. | 536 | ||||||
1,828 | Brookfield Property REIT, Inc., Class – A | 34 | ||||||
6,741 | Camden Property Trust | 715 | ||||||
41,237 | Colony Capital, Inc. | 196 | ||||||
9,942 | Columbia Property Trust, Inc. | 208 | ||||||
4,388 | CoreCivic, Inc. | 76 | ||||||
1,279 | Coresite Realty Corp. | 143 | ||||||
8,939 | Corporate Office Properties Trust | 263 | ||||||
9,612 | Cousins Properties, Inc. | 395 | ||||||
13,296 | Crown Castle International Corp. | 1,891 | ||||||
12,656 | CubeSmart | 398 |
Shares | Security Description | Value (000) | ||||||
Equity Real Estate Investment Trusts (continued) |
| |||||||
7,174 | CyrusOne, Inc. | $ | 469 | |||||
12,465 | Digital Realty Trust, Inc. | 1,492 | ||||||
11,304 | Douglas Emmett, Inc. | 497 | ||||||
25,651 | Duke Realty Corp. | 890 | ||||||
467 | EastGroup Properties, Inc. | 62 | ||||||
6,939 | Empire State Realty Trust, Inc., Class – A | 97 | ||||||
4,947 | EPR Properties | 350 | ||||||
2,640 | Equinix, Inc. | 1,541 | ||||||
8,544 | Equity Commonwealth | 280 | ||||||
6,125 | Equity Lifestyle Properties, Inc. | 431 | ||||||
26,586 | Equity Residential | 2,152 | ||||||
4,114 | Essex Property Trust, Inc. | 1,238 | ||||||
5,420 | Extra Space Storage, Inc. | 572 | ||||||
4,968 | Federal Realty Investment Trust | 639 | ||||||
1,862 | First Industrial Realty Trust, Inc. | 77 | ||||||
14,091 | Gaming & Leisure Properties, Inc. | 606 | ||||||
1,918 | Healthcare Realty Trust, Inc. | 64 | ||||||
15,001 | Healthcare Trust of America, Inc., Class – A | 455 | ||||||
33,867 | Healthpeak Properties, Inc. | 1,167 | ||||||
7,316 | Highwoods Properties, Inc. | 358 | ||||||
40,081 | Host Hotels & Resorts, Inc. | 744 | ||||||
10,259 | Hudson Pacific Property, Inc. | 387 | ||||||
34,797 | Invitation Homes, Inc. | 1,043 | ||||||
17,938 | Iron Mountain, Inc. | 572 | ||||||
7,579 | JBG SMITH Properties | 302 | ||||||
7,139 | Kilroy Realty Corp. | 599 | ||||||
33,142 | Kimco Realty Corp. | 686 | ||||||
2,786 | Kite Realty Group Trust | 54 | ||||||
4,313 | Lamar Advertising Co., Class – A | 385 | ||||||
6,898 | Lexington Realty Trust | 73 | ||||||
11,713 | Liberty Property Trust | 703 | ||||||
3,183 | Life Storage, Inc. | 345 | ||||||
2,675 | Mack-Cali Realty Corp. | 62 | ||||||
34,424 | Medical Properties Trust, Inc. | 726 | ||||||
1,009 | MGM Growth Properties LLC, Class – A | 31 | ||||||
7,215 | Mid-America Apartment Communities, Inc. | 952 | ||||||
483 | National Health Investors, Inc. | 39 | ||||||
10,652 | National Retail Properties, Inc. | 571 | ||||||
951 | Office Properties Income Trust | 31 | ||||||
15,160 | OMEGA Healthcare Investors, Inc. | 642 | ||||||
12,688 | Outfront Media, Inc. | 340 | ||||||
14,591 | Paramount Group, Inc. | 203 | ||||||
15,442 | Parks Hotels & Resorts, Inc. | 399 | ||||||
1,692 | Physicians Realty Trust | 32 | ||||||
3,787 | Piedmont Office Realty Trust, Inc., Class – A | 84 | ||||||
39,727 | Prologis, Inc. | 3,542 | ||||||
476 | PS Business Parks, Inc. | 78 | ||||||
5,795 | Public Storage | 1,235 | ||||||
9,948 | Rayonier, Inc. | 326 | ||||||
20,612 | Realty Income Corp. | 1,517 | ||||||
11,986 | Regency Centers Corp. | 756 | ||||||
1,583 | Retail Opportunity Investments Corp. | 28 | ||||||
20,678 | Retail Properties of America, Inc., Class – A | 277 | ||||||
518 | Ryman Hospitality Properties, Inc. | 45 | ||||||
4,244 | Sabra Health Care REIT, Inc. | 91 |
See accompanying notes to financial statements.
12
HC CAPITAL TRUST
The Institutional Value Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) |
| |||||||
Equity Real Estate Investment Trusts (continued) |
| |||||||
3,638 | SBA Communications Corp. | $ | 877 | |||||
10,427 | Senior Housing Properties Trust | 88 | ||||||
15,286 | Service Properties Trust | 372 | ||||||
11,790 | Simon Property Group, Inc. | 1,757 | ||||||
13,855 | SITE Centers Corp. | 194 | ||||||
5,450 | SL Green Realty Corp. | 501 | ||||||
7,954 | Spirit Realty Capital, Inc. | 391 | ||||||
1,788 | STAG Industrial, Inc. | 56 | ||||||
14,067 | Store Capital Corp. | 523 | ||||||
5,446 | Sun Communities, Inc. | 817 | ||||||
1,794 | Tanger Factory Outlet Centers, Inc. | 26 | ||||||
3,763 | Taubman Centers, Inc. | 117 | ||||||
10,551 | The Macerich Co. | 284 | ||||||
20,706 | UDR, Inc. | 967 | ||||||
23,926 | Ventas, Inc. | 1,382 | ||||||
74,509 | VEREIT, Inc. | 689 | ||||||
28,407 | VICI Properties, Inc. | 725 | ||||||
10,596 | Vornado Realty Trust | 705 | ||||||
17,003 | Washington Prime Group, Inc. | 62 | ||||||
1,965 | Washington Real Estate Investment Trust | 57 | ||||||
10,244 | Weingarten Realty Investors | 320 | ||||||
27,213 | Welltower, Inc. | 2,225 | ||||||
47,745 | Weyerhaeuser Co. | 1,441 | ||||||
11,823 | WP Carey, Inc. | 946 | ||||||
2,742 | Xenia Hotels & Resorts, Inc. | 59 | ||||||
|
| |||||||
61,478 | ||||||||
|
| |||||||
Food & Staples Retailing — 1.92% |
| |||||||
3,522 | Casey’s General Stores, Inc. | 560 | ||||||
18,830 | Costco Wholesale Corp. | 5,534 | ||||||
1,367 | Grocery Outlet Holding Corp. (a) | 45 | ||||||
559 | Ingles Markets, Inc., Class – A | 27 | ||||||
4,054 | Performance Food Group Co. (a) | 209 | ||||||
6,404 | Sprouts Farmers Market, Inc. (a) | 124 | ||||||
19,452 | Sysco Corp. | 1,664 | ||||||
1,844 | The Andersons, Inc. | 47 | ||||||
82,907 | The Kroger Co. | 2,404 | ||||||
3,083 | United Natural Foods, Inc. (a) | 27 | ||||||
16,552 | US Foods Holding Corp. (a) | 693 | ||||||
45,038 | Walgreens Boots Alliance, Inc. | 2,655 | ||||||
113,389 | Wal-Mart Stores, Inc. | 13,474 | ||||||
562 | Weis Markets, Inc. | 23 | ||||||
|
| |||||||
27,486 | ||||||||
|
| |||||||
Food Products — 1.54% |
| |||||||
48,539 | Archer-Daniels-Midland Co. | 2,250 | ||||||
2,463 | Beyond Meat, Inc. (a) | 186 | ||||||
13,783 | Bunge Ltd. | 793 | ||||||
1,355 | Cal-Maine Foods, Inc. | 58 | ||||||
10,145 | Campbell Soup Co. | 501 | ||||||
30,582 | ConAgra Foods, Inc. | 1,047 | ||||||
1,119 | Darling Ingredients, Inc. (a) | 31 | ||||||
16,492 | Flowers Foods, Inc. | 359 | ||||||
1,719 | Fresh Del Monte Produce, Inc. | 60 | ||||||
42,966 | General Mills, Inc. | 2,301 | ||||||
6,306 | Hershey Co. | 927 |
Shares | Security Description | Value (000) | ||||||
Food Products (continued) |
| |||||||
18,608 | Hormel Foods Corp. | $ | 840 | |||||
4,625 | Ingredion, Inc. | 430 | ||||||
198 | J&J Snack Foods Corp. | 36 | ||||||
14,762 | Kellogg Co. | 1,021 | ||||||
7,828 | Lamb Weston Holding, Inc. | 674 | ||||||
527 | Lancaster Colony Corp. | 84 | ||||||
5,309 | McCormick & Company, Inc. | 901 | ||||||
84,013 | Mondelez International, Inc., Class – A | 4,627 | ||||||
2,315 | Nomad Foods Ltd. (a) | 52 | ||||||
3,084 | Pilgrim’s Pride Corp. (a) | 101 | ||||||
2,836 | Post Holdings, Inc. (a) | 310 | ||||||
1,694 | Sanderson Farms, Inc. | 299 | ||||||
14 | Seaboard Corp. | 59 | ||||||
4,526 | The Hain Celestial Group, Inc. (a) | 117 | ||||||
7,810 | The J.M. Smucker Co. | 813 | ||||||
34,417 | The Kraft Heinz Co. | 1,106 | ||||||
3,917 | TreeHouse Foods, Inc. (a) | 191 | ||||||
21,070 | Tyson Foods, Inc., Class – A | 1,918 | ||||||
|
| |||||||
22,092 | ||||||||
|
| |||||||
Gas Utilities — 0.10% |
| |||||||
6,402 | Atmos Energy Corp. | 717 | ||||||
4,514 | National Fuel Gas Co. | 210 | ||||||
11,744 | UGI Corp. | 530 | ||||||
|
| |||||||
1,457 | ||||||||
|
| |||||||
Health Care Equipment & Supplies — 3.09% |
| |||||||
73,238 | Abbott Laboratories | 6,362 | ||||||
1,096 | Abiomed, Inc. (a) | 187 | ||||||
1,953 | Align Technology, Inc. (a) | 545 | ||||||
25,262 | Baxter International, Inc. | 2,113 | ||||||
14,791 | Becton, Dickinson & Co. | 4,023 | ||||||
34,951 | Boston Scientific Corp. (a) | 1,580 | ||||||
1,343 | Cantel Medical Corp. | 95 | ||||||
38,859 | Danaher Corp. | 5,964 | ||||||
14,744 | Dentsply Sirona, Inc. | 835 | ||||||
2,237 | Dexcom, Inc. (a) | 489 | ||||||
6,512 | Edwards Lifesciences Corp. (a) | 1,519 | ||||||
4,799 | Envista Holdings Corp. (a) | 142 | ||||||
2,754 | Hill-Rom Holdings, Inc. | 312 | ||||||
9,737 | Hologic, Inc. (a) | 509 | ||||||
965 | ICU Medical, Inc. (a) | 181 | ||||||
2,096 | IDEXX Laboratories, Inc. (a) | 547 | ||||||
1,472 | Insulet Corp. (a) | 252 | ||||||
3,966 | Integra LifeSciences Holdings Corp. (a) | 231 | ||||||
3,121 | Intuitive Surgical, Inc. (a) | 1,845 | ||||||
1,723 | Masimo Corp. (a) | 273 | ||||||
75,076 | Medtronic PLC | 8,517 | ||||||
852 | Penumbra, Inc. (a) | 140 | ||||||
5,153 | ResMed, Inc. | 798 | ||||||
4,464 | STERIS PLC | 681 | ||||||
9,656 | Stryker Corp. | 2,027 | ||||||
1,704 | Teleflex, Inc. | 641 | ||||||
3,114 | The Cooper Cos., Inc. | 1,001 | ||||||
2,492 | Varian Medical Systems, Inc. (a) | 354 | ||||||
2,808 | West Pharmaceutical Services, Inc. | 422 |
See accompanying notes to financial statements.
13
HC CAPITAL TRUST
The Institutional Value Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) |
| |||||||
Health Care Equipment & Supplies (continued) |
| |||||||
11,973 | Zimmer Biomet Holdings, Inc. | $ | 1,792 | |||||
|
| |||||||
44,377 | ||||||||
|
| |||||||
Health Care Providers & Services — 2.73% |
| |||||||
4,801 | Acadia Healthcare Company, Inc. (a) | 159 | ||||||
4,218 | AmerisourceBergen Corp. | 359 | ||||||
14,493 | Anthem, Inc. | 4,378 | ||||||
8,572 | Brookdale Senior Living, Inc. (a) | 62 | ||||||
22,932 | Cardinal Health, Inc. | 1,160 | ||||||
12,381 | Centene Corp. (a) | 779 | ||||||
909 | Chemed Corp. | 399 | ||||||
17,562 | Cigna Corp. | 3,591 | ||||||
6,236 | Covetrus, Inc. (a) | 82 | ||||||
118,213 | CVS Health Corp. | 8,782 | ||||||
7,986 | DaVita, Inc. (a) | 600 | ||||||
5,200 | Encompass Health Corp. | 361 | ||||||
859 | Guardant Health, Inc. (a) | 67 | ||||||
12,568 | HCA Holdings, Inc. | 1,858 | ||||||
9,209 | Henry Schein, Inc. (a) | 614 | ||||||
7,315 | Humana, Inc. | 2,681 | ||||||
6,163 | Laboratory Corporation of America Holdings (a) | 1,043 | ||||||
1,168 | Magellan Health, Inc. (a) | 91 | ||||||
13,751 | McKesson Corp. | 1,903 | ||||||
5,775 | MEDNAX, Inc. (a) | 160 | ||||||
2,013 | Molina Heathcare, Inc. (a) | 273 | ||||||
5,692 | Patterson Companies, Inc. | 117 | ||||||
3,780 | Premier, Inc., Class – A (a) | 143 | ||||||
8,900 | Quest Diagnostics, Inc. | 950 | ||||||
1,724 | Select Medical Holdings Corp. (a) | 40 | ||||||
8,486 | Tenet Healthcare Corp. (a) | 323 | ||||||
23,740 | UnitedHealth Group, Inc. | 6,978 | ||||||
4,710 | Universal Health Services, Inc., Class – B | 676 | ||||||
1,397 | WellCare Health Plans, Inc. (a) | 461 | ||||||
|
| |||||||
39,090 | ||||||||
|
| |||||||
Health Care Technology — 0.08% |
| |||||||
9,911 | Cerner Corp. | 728 | ||||||
1,000 | Change Healthcare, Inc. (a) | 16 | ||||||
3,142 | Veeva Systems, Inc. (a) | 442 | ||||||
|
| |||||||
1,186 | ||||||||
|
| |||||||
Hotels, Restaurants & Leisure — 2.14% |
| |||||||
16,514 | Aramark | 717 | ||||||
2,713 | Bloomin’ Brands, Inc. | 60 | ||||||
5,193 | Brinker International, Inc. | 218 | ||||||
33,567 | Caesars Entertainment Corp. (a) | 457 | ||||||
21,942 | Carnival Corp., Class – A | 1,115 | ||||||
1,147 | Chipotle Mexican Grill, Inc. (a) | 960 | ||||||
1,344 | Choice Hotels International, Inc. | 139 | ||||||
611 | Churchill Downs, Inc. | 84 | ||||||
751 | Cracker Barrel Old Country Store, Inc. | 115 | ||||||
4,487 | Darden Restaurants, Inc. | 489 | ||||||
1,772 | Domino’s Pizza, Inc. | 521 | ||||||
3,532 | Dunkin’ Brands Group, Inc. | 267 | ||||||
13,495 | Extended Stay America, Inc. | 201 | ||||||
3,949 | Hilton Grand Vacations (a) | 136 |
Shares | Security Description | Value (000) | ||||||
Hotels, Restaurants & Leisure (continued) |
| |||||||
8,863 | Hilton Worldwide Holdings, Inc. | $ | 983 | |||||
1,600 | Hyatt Hotels Corp., Class – A | 143 | ||||||
6,354 | International Game Technology PLC | 95 | ||||||
1,405 | Jack in the Box, Inc. | 110 | ||||||
17,226 | Las Vegas Sands Corp. | 1,189 | ||||||
7,614 | Marriott International, Inc., Class – A | 1,153 | ||||||
670 | Marriott Vacations Worldwide Corp. | 86 | ||||||
50,333 | McDonald’s Corp. | 9,949 | ||||||
28,276 | MGM Resorts International | 940 | ||||||
10,520 | Norwegian Cruise Line Holdings Ltd. (a) | 614 | ||||||
2,247 | Planet Fitness, Inc., Class – A (a) | 168 | ||||||
9,456 | Royal Caribbean Cruises Ltd. | 1,262 | ||||||
2,507 | SeaWorld Entertainment, Inc. (a) | 79 | ||||||
7,138 | Six Flags Entertainment Corp. | 322 | ||||||
44,984 | Starbucks Corp. | 3,955 | ||||||
451 | Texas Roadhouse, Inc., Class – A | 25 | ||||||
3,680 | The Cheesecake Factory, Inc. | 143 | ||||||
20,509 | The Wendy’s Co. | 455 | ||||||
1,432 | Vail Resorts, Inc. | 343 | ||||||
7,650 | Wyndham Destinations, Inc. | 396 | ||||||
4,803 | Wyndham Hotels & Resorts, Inc. | 302 | ||||||
3,156 | Wynn Resorts Ltd. | 438 | ||||||
11,115 | Yum China Holdings, Inc. | 533 | ||||||
14,187 | YUM! Brands, Inc. | 1,429 | ||||||
|
| |||||||
30,591 | ||||||||
|
| |||||||
Household Durables — 0.50% |
| |||||||
19,910 | D.R. Horton, Inc. | 1,052 | ||||||
8,208 | Garmin Ltd. | 801 | ||||||
960 | KB Home | 33 | ||||||
1,766 | La-Z-Boy, Inc. | 56 | ||||||
11,550 | Leggett & Platt, Inc. | 586 | ||||||
12,704 | Lennar Corp., Class – A | 709 | ||||||
382 | Lennar Corp., Class – B | 17 | ||||||
2,109 | MDC Holdings, Inc. | 80 | ||||||
1,307 | Meritage Homes Corp. (a) | 80 | ||||||
3,511 | Mohawk Industries, Inc. (a) | 479 | ||||||
24,147 | Newell Brands, Inc. | 464 | ||||||
147 | NVR, Inc. (a) | 560 | ||||||
17,743 | PulteGroup, Inc. | 688 | ||||||
2,031 | Roku, Inc. (a) | 272 | ||||||
2,375 | Taylor Morrison Home Corp., Class – A (a) | 52 | ||||||
2,057 | Tempur Sealy International, Inc. (a) | 179 | ||||||
8,234 | Toll Brothers, Inc. | 325 | ||||||
4,637 | Whirlpool Corp. | 684 | ||||||
|
| |||||||
7,117 | ||||||||
|
| |||||||
Household Products — 2.06% |
| |||||||
9,620 | Church & Dwight Co., Inc. | 676 | ||||||
56,360 | Colgate-Palmolive Co. | 3,880 | ||||||
3,436 | Energizer Holdings, Inc. | 172 | ||||||
22,998 | Kimberly-Clark Corp. | 3,164 | ||||||
2,131 | Spectrum Brands Holdings, Inc. | 137 | ||||||
5,051 | The Clorox Co. | 775 | ||||||
165,954 | The Procter & Gamble Co. | 20,729 | ||||||
|
| |||||||
29,533 | ||||||||
|
|
See accompanying notes to financial statements.
14
HC CAPITAL TRUST
The Institutional Value Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) |
| |||||||
Independent Power and Renewable Electricity Producers — 0.17% |
| |||||||
14,581 | NRG Energy, Inc., Class – C | $ | 579 | |||||
56,250 | The AES Corp. | 1,120 | ||||||
30,789 | Vistra Energy Corp. | 708 | ||||||
|
| |||||||
2,407 | ||||||||
|
| |||||||
Industrial Conglomerates — 1.25% |
| |||||||
22,497 | 3M Co. | 3,969 | ||||||
1,973 | Carlisle Cos., Inc. | 319 | ||||||
548,176 | General Electric Co. | 6,118 | ||||||
31,584 | Honeywell International, Inc. | 5,590 | ||||||
5,503 | Roper Industries, Inc. | 1,950 | ||||||
|
| |||||||
17,946 | ||||||||
|
| |||||||
Insurance — 3.40% |
| |||||||
52,189 | Aflac, Inc. | 2,760 | ||||||
910 | Alleghany Corp. (a) | 728 | ||||||
24,889 | Allstate Corp. | 2,798 | ||||||
1,399 | Ambac Financial Group, Inc. (a) | 30 | ||||||
4,798 | American Financial Group, Inc. | 526 | ||||||
72,750 | American International Group, Inc. | 3,735 | ||||||
718 | American National Insurance Co. | 84 | ||||||
8,272 | Aon PLC | 1,723 | ||||||
19,511 | Arch Capital Group Ltd. (a) | 835 | ||||||
9,978 | Arthur J. Gallagher & Co. | 950 | ||||||
5,480 | Assurant, Inc. | 718 | ||||||
5,767 | Assured Guaranty Ltd. | 283 | ||||||
6,641 | Athene Holding Ltd. (a) | 313 | ||||||
4,696 | AXIS Capital Holdings Ltd. | 279 | ||||||
8,482 | Brighthouse Financial, Inc. (a) | 333 | ||||||
16,547 | Brown & Brown, Inc. | 654 | ||||||
30,069 | Chubb Ltd. | 4,680 | ||||||
10,245 | Cincinnati Financial Corp. | 1,077 | ||||||
1,996 | CNA Financial Corp. | 90 | ||||||
3,281 | CNO Financial Group, Inc. | 59 | ||||||
1,487 | Erie Indemnity Co., Class – A | 246 | ||||||
1,836 | Everest Re Group Ltd. | 508 | ||||||
8,697 | First American Financial Corp. | 507 | ||||||
17,339 | FNF Group | 786 | ||||||
16,560 | Genworth Financial, Inc., Class – A (a) | 73 | ||||||
6,352 | Globe Life, Inc. | 668 | ||||||
21,240 | Hartford Financial Services Group, Inc. | 1,290 | ||||||
4,063 | Kemper Corp. | 315 | ||||||
14,069 | Lincoln National Corp. | 831 | ||||||
20,558 | Loews Corp. | 1,079 | ||||||
794 | Markel Corp. (a) | 908 | ||||||
22,359 | Marsh & McLennan Cos., Inc. | 2,492 | ||||||
4,878 | MBIA, Inc. (a) | 45 | ||||||
2,464 | Mercury General Corp. | 120 | ||||||
51,726 | MetLife, Inc. | 2,637 | ||||||
19,429 | Old Republic International Corp. | 435 | ||||||
1,524 | Primerica, Inc. | 199 | ||||||
16,005 | Principal Financial Group, Inc. | 880 | ||||||
1,754 | ProAssurance Corp. | 63 | ||||||
22,406 | Prudential Financial, Inc. | 2,100 | ||||||
3,644 | Reinsurance Group of America | 594 |
Shares | Security Description | Value (000) | ||||||
Insurance (continued) |
| |||||||
1,915 | RenaissanceRe Holdings Ltd. | $ | 376 | |||||
543 | RLI Corp. | 49 | ||||||
1,128 | Stewart Information Services Corp. | 46 | ||||||
2,995 | The Hanover Insurance Group, Inc. | 410 | ||||||
30,409 | The Progressive Corp. | 2,202 | ||||||
22,408 | The Travelers Cos., Inc. | 3,070 | ||||||
12,268 | Unum Group | 358 | ||||||
9,789 | W.R. Berkley Corp. | 676 | ||||||
318 | White Mountains Insurance Group Ltd. | 354 | ||||||
8,176 | Willis Towers Watson PLC | 1,651 | ||||||
|
| |||||||
48,623 | ||||||||
|
| |||||||
Interactive Media & Services — 2.53% |
| |||||||
7,509 | Alphabet, Inc., Class – A (a) | 10,057 | ||||||
7,544 | Alphabet, Inc., Class – C (a) | 10,086 | ||||||
67,825 | Facebook, Inc., Class – A (a) | 13,921 | ||||||
2,865 | InterActive Corp. (a) | 714 | ||||||
1,530 | Match Group, Inc. (a) | 126 | ||||||
4,627 | Snap, Inc., Class – A (a) | 76 | ||||||
3,204 | TripAdvisor, Inc. | 97 | ||||||
18,576 | Twitter, Inc. (a) | 595 | ||||||
3,230 | Zillow Group, Inc., Class – A (a) | 148 | ||||||
8,494 | Zillow Group, Inc., Class – C (a) | 391 | ||||||
|
| |||||||
36,211 | ||||||||
|
| |||||||
Internet & Direct Marketing Retail — 1.63% |
| |||||||
10,391 | Amazon.com, Inc. (a) | 19,200 | ||||||
1,098 | Booking Holdings, Inc. (a) | 2,254 | ||||||
24,232 | eBay, Inc. | 875 | ||||||
2,959 | Etsy, Inc. (a) | 131 | ||||||
4,095 | Expedia Group, Inc. | 443 | ||||||
2,262 | GrubHub, Inc. (a) | 110 | ||||||
27,402 | Qurate Retail, Inc. (a) | 232 | ||||||
1,523 | Wayfair, Inc., Class – A (a) | 138 | ||||||
|
| |||||||
23,383 | ||||||||
|
| |||||||
IT Services — 4.04% |
| |||||||
20,668 | Accenture PLC, Class – A | 4,352 | ||||||
5,173 | Akamai Technologies, Inc. (a) | 447 | ||||||
2,465 | Alliance Data Systems Corp. | 277 | ||||||
9,166 | Amdocs Ltd. | 662 | ||||||
13,802 | Automatic Data Processing, Inc. | 2,353 | ||||||
4,447 | Black Knight, Inc. (a) | 286 | ||||||
9,631 | Booz Allen Hamilton Holding Corp. | 685 | ||||||
3,704 | Broadridge Financial Solutions, Inc. | 458 | ||||||
2,418 | CACI International, Inc., Class – A (a) | 605 | ||||||
29,493 | Cognizant Technology Solutions Corp. | 1,829 | ||||||
9,096 | Conduent, Inc. (a) | 56 | ||||||
4,853 | CoreLogic, Inc. (a) | 212 | ||||||
14,872 | DXC Technology Co. | 559 | ||||||
1,621 | EPAM Systems, Inc. (a) | 343 | ||||||
1,556 | Euronet Worldwide, Inc. (a) | 245 | ||||||
25,360 | Fidelity National Information Services, Inc. | 3,528 | ||||||
18,995 | Fiserv, Inc. (a) | 2,197 | ||||||
2,609 | FleetCor Technologies, Inc. (a) | 751 | ||||||
2,451 | Gartner Group, Inc. (a) | 378 | ||||||
10,972 | Genpact Ltd. | 463 | ||||||
9,369 | Global Payments, Inc. | 1,710 |
See accompanying notes to financial statements.
15
HC CAPITAL TRUST
The Institutional Value Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) |
| |||||||
IT Services (continued) |
| |||||||
4,346 | GoDaddy, Inc., Class – A (a) | $ | 295 | |||||
55,780 | International Business Machines Corp. | 7,476 | ||||||
3,344 | Jack Henry & Associates, Inc. | 487 | ||||||
7,642 | KBR, Inc. | 233 | ||||||
7,936 | Leidos Holdings, Inc. | 778 | ||||||
812 | ManTech International Corp., Class – A | 65 | ||||||
28,375 | MasterCard, Inc., Class – A | 8,472 | ||||||
1,041 | MAXIMUS, Inc. | 77 | ||||||
954 | MongoDB, Inc. (a) | 126 | ||||||
2,524 | Okta, Inc. (a) | 291 | ||||||
11,972 | Paychex, Inc. | 1,019 | ||||||
29,295 | PayPal Holdings, Inc. (a) | 3,169 | ||||||
838 | Perspecta, Inc. | 22 | ||||||
17,211 | Sabre Corp. | 386 | ||||||
691 | Science Applications International Corp. | 60 | ||||||
8,723 | Square, Inc., Class – A (a) | 546 | ||||||
260 | Switch, Inc., Class – A | 4 | ||||||
731 | Sykes Enterprises, Inc. (a) | 27 | ||||||
4,616 | Teradata Corp. (a) | 124 | ||||||
2,849 | Twilio, Inc., Class – A (a) | 280 | ||||||
4,228 | VeriSign, Inc. (a) | 815 | ||||||
51,743 | Visa, Inc., Class – A | 9,722 | ||||||
26,206 | Western Union Co. | 701 | ||||||
1,328 | WEX, Inc. (a) | 278 | ||||||
|
| |||||||
57,849 | ||||||||
|
| |||||||
Leisure Products — 0.09% |
| |||||||
4,828 | Brunswick Corp. | 289 | ||||||
4,042 | Hasbro, Inc. | 428 | ||||||
21,026 | Mattel, Inc. (a) | 284 | ||||||
2,091 | Polaris Inc. | 213 | ||||||
845 | Sturm, Ruger & Co., Inc. | 40 | ||||||
|
| |||||||
1,254 | ||||||||
|
| |||||||
Life Sciences Tools & Services — 0.88% |
| |||||||
350 | Adaptive Biotechnologies (a) | 10 | ||||||
16,381 | Agilent Technologies, Inc. | 1,398 | ||||||
9,516 | Avantor, Inc. (a) | 173 | ||||||
1,448 | Bio-Rad Laboratories, Inc., Class – A (a) | 535 | ||||||
1,167 | Bio-Techne Corp. | 256 | ||||||
4,208 | Bruker Biosciences Corp. | 214 | ||||||
1,195 | Charles River Laboratories International, Inc. (a) | 183 | ||||||
3,723 | Illumina, Inc. (a) | 1,235 | ||||||
8,563 | IQVIA Holdings, Inc. (a) | 1,323 | ||||||
907 | Mettler-Toledo International, Inc. (a) | 719 | ||||||
5,497 | PerkinElmer, Inc. | 534 | ||||||
1,566 | PRA Health Sciences, Inc. (a) | 174 | ||||||
12,491 | Qiagen N.V. (a) | 422 | ||||||
574 | Syneos Health, Inc. (a) | 34 | ||||||
15,193 | Thermo Fisher Scientific, Inc. | 4,937 | ||||||
1,849 | Waters Corp. (a) | 432 | ||||||
|
| |||||||
12,579 | ||||||||
|
| |||||||
Machinery — 1.93% |
| |||||||
2,330 | Actuant Corp., Class – A | 61 | ||||||
5,041 | AGCO Corp. | 389 | ||||||
5,304 | Allison Transmission Holdings, Inc. | 256 |
Shares | Security Description | Value (000) | ||||||
Machinery (continued) |
| |||||||
738 | Astec Industries, Inc. | $ | 31 | |||||
28,910 | Caterpillar, Inc. | 4,271 | ||||||
5,875 | Colfax Corp. (a) | 214 | ||||||
3,579 | Crane Co. | 310 | ||||||
10,555 | Cummins, Inc. | 1,889 | ||||||
17,955 | Deere & Co. | 3,110 | ||||||
5,085 | Donaldson Cos., Inc. | 293 | ||||||
6,586 | Dover Corp. | 759 | ||||||
6,310 | Flowserve Corp. | 314 | ||||||
14,931 | Fortive Corp. | 1,141 | ||||||
697 | Franklin Electric Co., Inc. | 40 | ||||||
8,302 | Gardner Denver Holdings, Inc. (a) | 305 | ||||||
1,724 | Gates Industrial Corp. PLC (a) | 24 | ||||||
5,552 | Graco, Inc. | 288 | ||||||
387 | Hyster-Yale Materials Handling, Inc. | 23 | ||||||
3,575 | IDEX Corp. | 615 | ||||||
11,730 | Illinois Tool Works, Inc. | 2,107 | ||||||
7,139 | Ingersoll-Rand PLC | 949 | ||||||
6,425 | ITT, Inc. | 475 | ||||||
2,859 | Lincoln Electric Holdings, Inc. | 276 | ||||||
1,181 | Mueller Industries, Inc. | 37 | ||||||
2,433 | Nordson, Inc. | 396 | ||||||
4,525 | Oshkosh Corp. | 428 | ||||||
19,772 | PACCAR, Inc. | 1,564 | ||||||
7,520 | Parker Hannifin Corp. | 1,548 | ||||||
9,755 | Pentair PLC | 447 | ||||||
3,015 | Snap-on, Inc. | 511 | ||||||
832 | SPX FLOW, Inc. (a) | 41 | ||||||
8,898 | Stanley Black & Decker, Inc. | 1,475 | ||||||
3,726 | Terex Corp. | 111 | ||||||
2,139 | The Greenbrier Cos., Inc. | 69 | ||||||
1,373 | The Middleby Corp. (a) | 150 | ||||||
6,231 | The Timken Co. | 350 | ||||||
4,996 | The Toro Co. | 398 | ||||||
8,838 | Trinity Industries, Inc. | 196 | ||||||
2,240 | Wabash National Corp. | 33 | ||||||
2,610 | WABCO Holdings, Inc. (a) | 353 | ||||||
8,570 | Wabtec Corp. | 666 | ||||||
2,085 | Woodward, Inc. | 247 | ||||||
5,477 | Xylem, Inc. | 432 | ||||||
|
| |||||||
27,592 | ||||||||
|
| |||||||
Marine — 0.02% |
| |||||||
3,442 | Kirby Corp. (a) | 308 | ||||||
|
| |||||||
Media — 1.59% |
| |||||||
9,493 | Altice USA, Inc. (a) | 260 | ||||||
1,153 | AMC Networks, Inc. (a) | 46 | ||||||
215 | Cable One, Inc. | 320 | ||||||
6,350 | Charter Communications, Inc., Class – A (a) | 3,081 | ||||||
201,322 | Comcast Corp., Class – A | 9,052 | ||||||
10,246 | Discovery, Inc., Class – A (a) | 335 | ||||||
19,053 | Discovery, Inc., Class – C (a) | 580 | ||||||
14,176 | Dish Network Corp. (a) | 503 | ||||||
18,265 | Fox Corp., Class – A | 678 | ||||||
8,435 | Fox Corp., Class – B | 307 | ||||||
8,459 | Gannett Co., Inc. | 54 |
See accompanying notes to financial statements.
16
HC CAPITAL TRUST
The Institutional Value Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) |
| |||||||
Media (continued) |
| |||||||
5,561 | GCI Liberty, Inc., Class – A (a) | $ | 394 | |||||
2,095 | John Wiley & Sons, Inc., Class – A | 102 | ||||||
1,253 | Liberty Broadband, Class – A (a) | 156 | ||||||
7,287 | Liberty Broadband, Class – C (a) | 916 | ||||||
4,668 | Liberty Media Corp. – Liberty SiriusXM, Class – A (a) | 226 | ||||||
15,604 | Liberty Media Corp. – Liberty SiriusXM, Class – C (a) | 751 | ||||||
5,880 | News Corp., Inc. | 85 | ||||||
29,798 | News Corp., Inc., Class – A | 422 | ||||||
1,859 | Nexstar Media Group, Inc., Class – A | 218 | ||||||
11,826 | Omnicom Group, Inc. | 957 | ||||||
1,136 | Scholastic Corp. | 44 | ||||||
2,767 | Sinclair Broadcast Group, Inc., Class – A | 92 | ||||||
41,546 | Sirius XM Holdings, Inc. | 297 | ||||||
9,173 | TEGNA, Inc. | 153 | ||||||
26,800 | The Interpublic Group of Cos., Inc. | 620 | ||||||
9,794 | The New York Times Co., Class – A | 315 | ||||||
257 | ViacomCBS, Inc., Class – A | 12 | ||||||
42,359 | ViacomCBS, Inc., Class – B | 1,777 | ||||||
|
| |||||||
22,753 | ||||||||
|
| |||||||
Metals & Mining — 0.47% |
| |||||||
15,578 | Alcoa Corp. (a) | 335 | ||||||
1,496 | Allegheny Technologies, Inc. (a) | 31 | ||||||
1,753 | Carpenter Technology Corp. | 87 | ||||||
5,776 | Cleveland-Cliffs, Inc. | 49 | ||||||
5,453 | Commercial Metals Co. | 121 | ||||||
1,016 | Compass Minerals International, Inc. | 62 | ||||||
83,501 | Freeport-McMoRan, Inc. | 1,095 | ||||||
318 | Kaiser Aluminum Corp. | 35 | ||||||
584 | Materion Corp. | 35 | ||||||
47,804 | Newmont Corp. | 2,078 | ||||||
16,797 | Nucor Corp. | 946 | ||||||
5,379 | Reliance Steel & Aluminum Co. | 644 | ||||||
3,465 | Royal Gold, Inc. | 423 | ||||||
1,286 | Schnitzer Steel Industries, Inc., Class – A | 28 | ||||||
3,598 | Southern Copper Corp. | 153 | ||||||
11,577 | Steel Dynamics, Inc. | 394 | ||||||
666 | Ternium SA, ADR | 15 | ||||||
8,243 | United States Steel Corp. | 94 | ||||||
4,033 | Warrior Met Coal, Inc. | 85 | ||||||
1,016 | Worthington Industries, Inc. | 43 | ||||||
|
| |||||||
6,753 | ||||||||
|
| |||||||
Mortgage Real Estate Investment Trusts — 0.29% |
| |||||||
34,739 | AGNC Investment Corp. | 615 | ||||||
93,638 | Annaly Capital Management, Inc. | 880 | ||||||
2,488 | Apollo Commercial Real Estate Finance, Inc. | 46 | ||||||
2,434 | Blackstone Mortgage Trust, Inc. | 91 | ||||||
20,063 | Chimera Investment Corp. | 413 | ||||||
7,441 | Invesco Mortgage Capital, Inc. | 124 | ||||||
1,479 | Ladder Capital Corp. | 27 | ||||||
32,478 | MFA Financial, Inc. | 249 | ||||||
31,351 | New Residential Investment Corp. | 504 | ||||||
6,849 | New York Mortgage Trust, Inc. | 43 |
Shares | Security Description | Value (000) | ||||||
Mortgage Real Estate Investment Trusts (continued) |
| |||||||
5,149 | Pennymac Mortgage Investment Trust | $ | 115 | |||||
4,282 | Redwood Trust, Inc. | 71 | ||||||
22,152 | Starwood Property Trust, Inc. | 550 | ||||||
25,627 | Two Harbors Investment Corp. | 375 | ||||||
|
| |||||||
4,103 | ||||||||
|
| |||||||
Multiline Retail — 0.87% |
| |||||||
2,686 | Big Lots, Inc. | 77 | ||||||
411 | Dillard’s, Inc., Class – A | 30 | ||||||
14,361 | Dollar General Corp. | 2,240 | ||||||
11,163 | Dollar Tree, Inc. (a) | 1,050 | ||||||
13,077 | Kohl’s Corp. | 665 | ||||||
36,205 | Macy’s, Inc. | 616 | ||||||
7,133 | Nordstrom, Inc. | 292 | ||||||
1,439 | Ollie’s Bargain Outlet Holdings, Inc. (a) | 94 | ||||||
58,090 | Target Corp. | 7,449 | ||||||
|
| |||||||
12,513 | ||||||||
|
| |||||||
Multi-Utilities — 1.15% |
| |||||||
13,499 | Ameren Corp. | 1,036 | ||||||
406 | Black Hills Corp. | 32 | ||||||
27,635 | CenterPoint Energy, Inc. | 753 | ||||||
16,676 | CMS Energy Corp. | 1,048 | ||||||
18,595 | Consolidated Edison, Inc. | 1,682 | ||||||
45,842 | Dominion Energy, Inc. | 3,797 | ||||||
10,072 | DTE Energy Co. | 1,308 | ||||||
11,203 | MDU Resources Group, Inc. | 333 | ||||||
21,062 | NiSource, Inc. | 587 | ||||||
27,857 | Public Service Enterprise Group, Inc. | 1,645 | ||||||
16,613 | Sempra Energy | 2,517 | ||||||
18,386 | WEC Energy Group, Inc. | 1,696 | ||||||
|
| |||||||
16,434 | ||||||||
|
| |||||||
Oil, Gas & Consumable Fuels — 4.84% |
| |||||||
14,071 | Antero Midstream Corp. | 107 | ||||||
12,204 | Antero Resources Corp. (a) | 34 | ||||||
22,447 | Apache Corp. | 574 | ||||||
506 | Arch Coal, Inc. | 36 | ||||||
15,619 | Cabot Oil & Gas Corp. | 272 | ||||||
8,045 | Centennial Resource Development, Inc., Class – A (a) | 37 | ||||||
8,712 | Cheniere Energy, Inc. (a) | 532 | ||||||
59,718 | Chesapeake Energy Corp. (a) | 50 | ||||||
120,654 | Chevron Corp. | 14,539 | ||||||
5,505 | Cimarex Energy Co. | 289 | ||||||
5,294 | CNX Resources Corp. (a) | 47 | ||||||
10,948 | Concho Resources, Inc. | 959 | ||||||
70,212 | ConocoPhillips | 4,565 | ||||||
5,786 | Continental Resources, Inc. | 199 | ||||||
548 | CVR Energy, Inc. | 22 | ||||||
22,402 | Devon Energy Corp. | 582 | ||||||
7,995 | Diamondback Energy, Inc. | 743 | ||||||
32,060 | EOG Resources, Inc. | 2,686 | ||||||
15,656 | EQT Corp. | 171 | ||||||
10,840 | Equitrans Midstream Corp. | 145 | ||||||
259,779 | Exxon Mobil Corp. | 18,125 | ||||||
2,815 | Green Plains, Inc. | 43 | ||||||
22,107 | Hess Corp. | 1,477 |
See accompanying notes to financial statements.
17
HC CAPITAL TRUST
The Institutional Value Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) |
| |||||||
Oil, Gas & Consumable Fuels (continued) |
| |||||||
15,385 | HollyFrontier Corp. | $ | 780 | |||||
120,979 | Kinder Morgan, Inc. | 2,561 | ||||||
19,539 | Kosmos Energy Ltd. | 112 | ||||||
57,484 | Marathon Oil Corp. | 781 | ||||||
46,242 | Marathon Petroleum Corp. | 2,786 | ||||||
12,773 | Murphy Oil Corp. | 342 | ||||||
26,773 | Noble Energy, Inc. | 665 | ||||||
49,457 | Occidental Petroleum Corp. | 2,038 | ||||||
20,405 | ONEOK, Inc. | 1,544 | ||||||
11,186 | Parsley Energy, Inc., Class – A | 212 | ||||||
9,509 | PBF Energy, Inc., Class – A | 299 | ||||||
35,512 | Phillips 66 | 3,957 | ||||||
7,048 | Pioneer Natural Resources Co. | 1,067 | ||||||
15,037 | QEP Resources, Inc. | 68 | ||||||
9,851 | Range Resources Corp. | 48 | ||||||
5,939 | SM Energy Co. | 67 | ||||||
12,898 | Targa Resources Corp. | 526 | ||||||
66,953 | The Williams Cos., Inc. | 1,588 | ||||||
35,144 | Valero Energy Corp. | 3,291 | ||||||
4,208 | Whiting Petroleum Corp. (a) | 31 | ||||||
2,742 | World Fuel Services Corp. | 119 | ||||||
23,212 | WPX Energy, Inc. (a) | 319 | ||||||
|
| |||||||
69,435 | ||||||||
|
| |||||||
Paper & Forest Products — 0.03% |
| |||||||
2,032 | Boise Cascade Co. | 74 | ||||||
6,594 | Domtar Corp. | 252 | ||||||
854 | Schweitzer-Mauduit International, Inc. | 36 | ||||||
1,317 | Verso Corp. (a) | 24 | ||||||
|
| |||||||
386 | ||||||||
|
| |||||||
Personal Products — 0.18% |
| |||||||
21,367 | Coty, Inc., Class – A | 240 | ||||||
1,246 | Edgewell Personal Care Co. (a) | 39 | ||||||
7,093 | Herbalife Nutrition Ltd. (a) | 338 | ||||||
5,751 | Nu Skin Enterprises, Inc., Class – A | 235 | ||||||
7,869 | The Estee Lauder Cos., Inc., Class – A | 1,626 | ||||||
|
| |||||||
2,478 | ||||||||
|
| |||||||
Pharmaceuticals — 4.23% |
| |||||||
19,377 | Allergan PLC | 3,704 | ||||||
88,404 | Bristol-Myers Squibb Co. | 5,675 | ||||||
9,464 | Catalent, Inc. (a) | 532 | ||||||
20,343 | Elanco Animal Health, Inc. (a) | 599 | ||||||
21,476 | Eli Lilly & Co. | 2,823 | ||||||
10,384 | Horizon Therapeutics PLC (a) | 376 | ||||||
1,583 | Jazz Pharmaceuticals PLC (a) | 236 | ||||||
155,398 | Johnson & Johnson | 22,666 | ||||||
90,515 | Merck & Co., Inc. | 8,233 | ||||||
28,275 | Mylan N.V. (a) | 568 | ||||||
9,177 | Nektar Therapeutics (a) | 198 | ||||||
7,144 | Perrigo Co. PLC | 369 | ||||||
322,954 | Pfizer, Inc. | 12,654 | ||||||
14,504 | Zoetis, Inc. | 1,920 | ||||||
|
| |||||||
60,553 | ||||||||
|
|
Shares | Security Description | Value (000) | ||||||
Professional Services — 0.37% |
| |||||||
1,100 | CoStar Group, Inc. (a) | $ | 658 | |||||
4,175 | Equifax, Inc. | 585 | ||||||
1,566 | FTI Consulting, Inc. (a) | 173 | ||||||
17,114 | IHS Markit Ltd. (a) | 1,290 | ||||||
900 | Kelly Services, Inc., Class – A | 20 | ||||||
4,826 | ManpowerGroup, Inc. | 469 | ||||||
19,638 | Nielsen Holdings PLC | 399 | ||||||
4,573 | Robert Half International, Inc. | 289 | ||||||
5,657 | TransUnion | 485 | ||||||
1,128 | TrueBlue, Inc. (a) | 27 | ||||||
6,302 | Versik Analytics, Inc., Class – A | 940 | ||||||
|
| |||||||
5,335 | ||||||||
|
| |||||||
Real Estate Management & Development — 0.12% |
| |||||||
16,240 | CBRE Group, Inc., Class – A (a) | 996 | ||||||
1,834 | Howard Hughes Corp. (a) | 232 | ||||||
2,722 | Jones Lang LaSalle, Inc. | 474 | ||||||
|
| |||||||
1,702 | ||||||||
|
| |||||||
Road & Rail — 1.05% |
| |||||||
736 | AMERCO, Inc. | 276 | ||||||
1,757 | ArcBest Corp. | 48 | ||||||
5,254 | Avis Budget Group, Inc. (a) | 169 | ||||||
38,057 | CSX Corp. | 2,754 | ||||||
5,219 | Hertz Global Holdings, Inc. (a) | 82 | ||||||
4,606 | Hunt (JB) Transportation Services, Inc. | 538 | ||||||
5,831 | Kansas City Southern | 894 | ||||||
8,749 | Knight-Swift Transportation Holdings, Inc. | 314 | ||||||
1,871 | Landstar System, Inc. | 213 | ||||||
9,170 | Lyft, Inc., Class – A (a) | 394 | ||||||
13,790 | Norfolk Southern Corp. | 2,677 | ||||||
3,575 | Old Dominion Freight Line, Inc. | 678 | ||||||
3,428 | Ryder System, Inc. | 187 | ||||||
2,669 | Schneider National, Inc. | 58 | ||||||
47,128 | Uber Technologies, Inc. (a) | 1,401 | ||||||
23,538 | Union Pacific Corp. | 4,256 | ||||||
1,146 | Werner Enterprises, Inc. | 42 | ||||||
|
| |||||||
14,981 | ||||||||
|
| |||||||
Semiconductors & Semiconductor Equipment — 3.60% |
| |||||||
25,778 | Advanced Micro Devices, Inc. (a) | 1,182 | ||||||
2,616 | Amkor Technology, Inc. (a) | 34 | ||||||
20,015 | Analog Devices, Inc. | 2,378 | ||||||
42,351 | Applied Materials, Inc. | 2,585 | ||||||
10,951 | Broadcom, Inc. | 3,461 | ||||||
953 | Cirrus Logic, Inc. (a) | 79 | ||||||
8,638 | Cree, Inc. (a) | 398 | ||||||
21,968 | Cypress Semiconductor Corp. | 513 | ||||||
4,497 | Entegris, Inc. | 225 | ||||||
4,791 | First Solar, Inc. (a) | 269 | ||||||
243,817 | Intel Corp. | 14,592 | ||||||
5,710 | KLA Corp. | 1,017 | ||||||
5,335 | Lam Research Corp. | 1,560 | ||||||
38,556 | Marvell Technology Group Ltd. | 1,024 | ||||||
11,817 | Maxim Integrated Products, Inc. | 727 | ||||||
11,677 | Microchip Technology, Inc. | 1,223 | ||||||
65,507 | Micron Technology, Inc. (a) | 3,523 |
See accompanying notes to financial statements.
18
HC CAPITAL TRUST
The Institutional Value Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) |
| |||||||
Semiconductors & Semiconductor Equipment (continued) |
| |||||||
3,634 | MKS Instruments, Inc. | $ | 399 | |||||
1,118 | Monolithic Power Systems, Inc. | 199 | ||||||
16,820 | NVIDIA Corp. | 3,958 | ||||||
22,401 | ON Semiconductor Corp. (a) | 546 | ||||||
7,014 | Qorvo, Inc. (a) | 815 | ||||||
45,674 | Qualcomm, Inc. | 4,030 | ||||||
197 | Silicon Laboratories, Inc. (a) | 23 | ||||||
10,660 | Skyworks Solutions, Inc. | 1,289 | ||||||
1,038 | Synaptics, Inc. (a) | 68 | ||||||
5,752 | Teradyne, Inc. | 393 | ||||||
32,269 | Texas Instruments, Inc. | 4,139 | ||||||
1,056 | Universal Display Corp. | 218 | ||||||
7,824 | Xilinx, Inc. | 765 | ||||||
|
| |||||||
51,632 | ||||||||
|
| |||||||
Software — 4.10% |
| |||||||
1,890 | 2U, Inc. (a) | 45 | ||||||
12,247 | Adobe, Inc. (a) | 4,039 | ||||||
1,200 | Alteryx, Inc. (a) | 120 | ||||||
2,300 | Anaplan, Inc. (a) | 121 | ||||||
3,074 | ANSYS, Inc. (a) | 791 | ||||||
2,387 | Aspen Technology, Inc. (a) | 288 | ||||||
2,910 | Atlassian Corp. PLC, Class – A (a) | 350 | ||||||
6,951 | Autodesk, Inc. (a) | 1,275 | ||||||
1,213 | Avalara, Inc. (a) | 89 | ||||||
10,153 | Cadence Design Systems, Inc. (a) | 704 | ||||||
4,157 | CDK Global, Inc. | 228 | ||||||
2,204 | Cerence, Inc. (a) | 49 | ||||||
2,482 | Ceridian HCM Holding, Inc. (a) | 168 | ||||||
3,559 | Citrix Systems, Inc. | 395 | ||||||
1,515 | Coupa Software, Inc. (a) | 222 | ||||||
3,785 | DocuSign, Inc. (a) | 281 | ||||||
5,700 | Dropbox, Inc. (a) | 102 | ||||||
550 | Dynatrace, Inc. (a) | 14 | ||||||
1,083 | Elastic N.V. (a) | 70 | ||||||
1,085 | Fair Isaac Corp. (a) | 406 | ||||||
4,179 | FireEye, Inc. (a) | 69 | ||||||
3,542 | Fortinet, Inc. (a) | 378 | ||||||
2,021 | Guidewire Software, Inc. (a) | 222 | ||||||
987 | HubSpot, Inc. (a) | 156 | ||||||
8,251 | Intuit, Inc. | 2,161 | ||||||
3,041 | LogMeln, Inc. | 261 | ||||||
2,893 | Manhattan Associates, Inc. (a) | 231 | ||||||
336 | Medallia, Inc. (a) | 11 | ||||||
202,307 | Microsoft Corp. | 31,904 | ||||||
1,291 | New Relic, Inc. (a) | 85 | ||||||
34,016 | Nortonlifelock, Inc. | 869 | ||||||
17,403 | Nuance Communications, Inc. (a) | 310 | ||||||
3,925 | Nutanix, Inc., Class – A (a) | 123 | ||||||
52,037 | Oracle Corp. | 2,757 | ||||||
384 | PagerDuty, Inc. (a) | 9 | ||||||
1,217 | PAYCOM Software, Inc. (a) | 322 | ||||||
926 | Paylocity Holding Corp. (a) | 112 | ||||||
795 | Pegasystems, Inc. | 63 | ||||||
723 | Pluralsight, Inc., Class – A (a) | 12 | ||||||
1,452 | Proofpoint, Inc. (a) | 167 |
Shares | Security Description | Value (000) | ||||||
Software (continued) |
| |||||||
2,573 | PTC, Inc. (a) | $ | 193 | |||||
2,164 | RealPage, Inc. (a) | 116 | ||||||
1,733 | RingCentral, Inc., Class – A (a) | 292 | ||||||
20,820 | Salesforce.com, Inc. (a) | 3,386 | ||||||
4,632 | ServiceNow, Inc. (a) | 1,308 | ||||||
2,346 | Smartsheet, Inc. (a) | 105 | ||||||
1,407 | SolarWinds Corp. (a) | 26 | ||||||
3,703 | Splunk, Inc. (a) | 555 | ||||||
6,194 | SS&C Technologies Holdings, Inc. | 380 | ||||||
4,598 | Synopsys, Inc. (a) | 640 | ||||||
938 | The Trade Desk, Inc. (a) | 244 | ||||||
1,149 | Tyler Technologies, Inc. (a) | 345 | ||||||
1,920 | VMware, Inc., Class – A (a) | 291 | ||||||
3,934 | Workday, Inc., Class – A (a) | 647 | ||||||
2,671 | Zendesk, Inc. (a) | 205 | ||||||
1,530 | Zscaler, Inc. (a) | 71 | ||||||
|
| |||||||
58,783 | ||||||||
|
| |||||||
Specialty Retail — 2.22% |
| |||||||
1,405 | Aaron’s, Inc. | 80 | ||||||
5,011 | Abercrombie & Fitch Co. | 87 | ||||||
3,667 | Advance Auto Parts, Inc. | 588 | ||||||
10,775 | American Eagle Outfitters, Inc. | 158 | ||||||
939 | Asbury Automotive Group, Inc. (a) | 105 | ||||||
4,826 | AutoNation, Inc. (a) | 235 | ||||||
1,045 | AutoZone, Inc. (a) | 1,245 | ||||||
18,874 | Bed Bath & Beyond, Inc. | 327 | ||||||
18,203 | Best Buy Co., Inc. | 1,599 | ||||||
1,821 | Burlington Stores, Inc. (a) | 415 | ||||||
1,551 | Caleres, Inc. | 37 | ||||||
7,153 | CarMax, Inc. (a) | 627 | ||||||
1,165 | Carvana Co. (a) | 107 | ||||||
13,486 | Chico’s FAS, Inc. | 51 | ||||||
6,142 | Designer Brands, Inc., Class – A | 97 | ||||||
4,828 | Dick’s Sporting Goods, Inc. | 239 | ||||||
1,357 | Five Below, Inc. (a) | 174 | ||||||
1,461 | Floor & Decor Holdings, Inc., Class – A (a) | 74 | ||||||
11,113 | Foot Locker, Inc. | 434 | ||||||
6,478 | GameStop Corp., Class – A | 39 | ||||||
25,394 | Gap, Inc. | 449 | ||||||
2,060 | Genesco, Inc. (a) | 99 | ||||||
1,319 | Group 1 Automotive, Inc. | 132 | ||||||
3,025 | Guess?, Inc. | 68 | ||||||
14,910 | L Brands, Inc. | 271 | ||||||
692 | Lithia Motors, Inc. | 102 | ||||||
27,579 | Lowe’s Cos., Inc. | 3,301 | ||||||
2,248 | Murphy USA, Inc. (a) | 263 | ||||||
45,599 | Office Depot, Inc. | 125 | ||||||
3,087 | O’Reilly Automotive, Inc. (a) | 1,353 | ||||||
2,422 | Penske Automotive Group, Inc. | 122 | ||||||
215 | Restoration Hardware Co. (a) | 46 | ||||||
11,881 | Ross Stores, Inc. | 1,383 | ||||||
9,813 | Sally Beauty Holdings, Inc. (a) | 179 | ||||||
1,851 | Signet Jewelers Ltd. | 40 | ||||||
1,389 | Sleep Number Corp. (a) | 68 | ||||||
1,838 | Sonic Automotive, Inc., Class – A | 57 |
See accompanying notes to financial statements.
19
HC CAPITAL TRUST
The Institutional Value Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) |
| |||||||
Specialty Retail (continued) |
| |||||||
3,259 | The Buckle, Inc. | $ | 88 | |||||
52,588 | The Home Depot, Inc. | 11,483 | ||||||
48,068 | The TJX Cos., Inc. | 2,935 | ||||||
7,053 | Tiffany & Co. | 942 | ||||||
4,414 | Tractor Supply Co. | 412 | ||||||
1,641 | Ulta Beauty, Inc. (a) | 415 | ||||||
7,194 | Urban Outfitters, Inc. (a) | 200 | ||||||
7,327 | Williams-Sonoma, Inc. | 538 | ||||||
|
| |||||||
31,789 | ||||||||
|
| |||||||
Technology Hardware, Storage & Peripherals — 3.14% |
| |||||||
129,515 | Apple, Inc. | 38,033 | ||||||
5,003 | Dell Technologies, Inc. (a) | 257 | ||||||
100,753 | Hewlett Packard Enterprise Co. | 1,598 | ||||||
95,011 | HP, Inc. | 1,952 | ||||||
6,136 | NCR Corp. (a) | 216 | ||||||
6,107 | NetApp, Inc. | 380 | ||||||
6,428 | Pure Storage, Inc., Class – A (a) | 110 | ||||||
14,013 | Seagate Technology Holdings, Inc. | 834 | ||||||
19,081 | Western Digital Corp. | 1,211 | ||||||
10,295 | Xerox Holdings Corp. | 379 | ||||||
|
| |||||||
44,970 | ||||||||
|
| |||||||
Textiles, Apparel & Luxury Goods — 0.62% |
| |||||||
6,680 | Capri Holdings Ltd. (a) | 255 | ||||||
3,664 | Carter’s, Inc. | 400 | ||||||
1,017 | Columbia Sportswear Co. | 102 | ||||||
1,161 | Deckers Outdoor Corp. (a) | 196 | ||||||
6,805 | Fossil Group, Inc. (a) | 54 | ||||||
1,731 | G-III Apparel Group Ltd. (a) | 58 | ||||||
20,224 | Hanesbrands, Inc. | 301 | ||||||
2,913 | Lululemon Athletica, Inc. (a) | 675 | ||||||
38,314 | NIKE, Inc., Class – B | 3,880 | ||||||
4,087 | PVH Corp. | 430 | ||||||
3,894 | Ralph Lauren Corp. | 457 | ||||||
6,517 | Skechers USA, Inc., Class – A (a) | 282 | ||||||
2,316 | Steven Madden Ltd. | 100 | ||||||
15,829 | Tapestry, Inc. | 427 | ||||||
7,304 | Under Armour, Inc., Class – A (a) | 158 | ||||||
7,589 | Under Armour, Inc., Class – C (a) | 145 | ||||||
10,251 | V.F. Corp. | 1,021 | ||||||
|
| |||||||
8,941 | ||||||||
|
| |||||||
Thrifts & Mortgage Finance — 0.06% |
| |||||||
2,007 | Capitol Federal Financial, Inc. | 28 | ||||||
443 | Essent Group Ltd. | 23 | ||||||
220 | LendingTree, Inc. (a) | 67 | ||||||
22,461 | MGIC Investment Corp. | 318 | ||||||
29,987 | New York Community Bancorp, Inc. | 360 | ||||||
1,205 | Radian Group, Inc. | 30 | ||||||
2,701 | TFS Financial Corp. | 54 | ||||||
|
| |||||||
880 | ||||||||
|
| |||||||
Tobacco — 1.01% |
| |||||||
87,212 | Altria Group, Inc. | 4,353 | ||||||
116,779 | Philip Morris International, Inc. | 9,937 | ||||||
840 | Universal Corp. | 48 |
Shares | Security Description | Value (000) | ||||||
Tobacco (continued) |
| |||||||
5,189 | Vector Group Ltd. | $ | 69 | |||||
|
| |||||||
14,407 | ||||||||
|
| |||||||
Trading Companies & Distributors — 0.30% |
| |||||||
6,245 | Air Lease Corp. | 297 | ||||||
1,830 | Aircastle Ltd. | 59 | ||||||
1,013 | Applied Industrial Technologies, Inc. | 68 | ||||||
21,527 | Fastenal Co. | 794 | ||||||
1,154 | GATX Corp. | 96 | ||||||
986 | GMS, Inc. (a) | 27 | ||||||
11,126 | HD Supply Holdings, Inc. (a) | 447 | ||||||
2,836 | MRC Global, Inc. (a) | 39 | ||||||
4,398 | MSC Industrial Direct Co., Inc., Class – A | 345 | ||||||
6,203 | NOW, Inc. (a) | 70 | ||||||
1,156 | Rush Enterprises, Inc., Class – A | 54 | ||||||
2,995 | United Rentals, Inc. (a) | 499 | ||||||
9,573 | Univar Solutions, Inc. (a) | 232 | ||||||
1,792 | W.W. Grainger, Inc. | 606 | ||||||
2,691 | Watsco, Inc. | 485 | ||||||
4,170 | WESCO International, Inc. (a) | 248 | ||||||
|
| |||||||
4,366 | ||||||||
|
| |||||||
Transportation Infrastructure — 0.02% |
| |||||||
6,511 | Macquarie Infrastructure Corp. | 279 | ||||||
|
| |||||||
Water Utilities — 0.13% |
| |||||||
10,653 | American Water Works Co., Inc. | 1,309 | ||||||
13,259 | Aqua America, Inc. | 622 | ||||||
|
| |||||||
1,931 | ||||||||
|
| |||||||
Wireless Telecommunication Services — 0.10% |
| |||||||
43,814 | Sprint Nextel Corp. (a) | 229 | ||||||
7,614 | Telephone & Data Systems, Inc. | 193 | ||||||
12,489 | T-Mobile USA, Inc. (a) | 980 | ||||||
1,556 | U.S. Cellular Corp. (a) | 56 | ||||||
|
| |||||||
1,458 | ||||||||
|
| |||||||
Total Common Stocks | 1,398,832 | |||||||
|
| |||||||
Principal Amount (000) | ||||||||
U.S. Treasury Obligation — 0.01% |
| |||||||
$ | 194 | U.S. Treasury Bill, 1.48%, 3/12/20 (b)(c) | 193 | |||||
|
| |||||||
Total U.S. Treasury Obligation | 193 | |||||||
|
| |||||||
Shares | ||||||||
Exchange-Traded Fund — 0.06% |
| |||||||
4,800 | iShares Russell 1000 ETF | 856 | ||||||
|
| |||||||
Total Exchange-Traded Fund | 856 | |||||||
|
| |||||||
Investment Company — 1.12% |
| |||||||
15,983,148 | State Street Institutional Treasury Plus Money Market Fund, Trust Class, 1.49% (d) | 15,983 | ||||||
|
| |||||||
Total Investment Company | 15,983 | |||||||
|
| |||||||
Total Investments | 1,415,864 | |||||||
Other assets in excess of liabilities — 1.20% | 17,196 | |||||||
|
| |||||||
Net Assets — 100.00% | $ | 1,433,060 | ||||||
|
|
Amounts designated as “—” are $0 or have been rounded to $0.
See accompanying notes to financial statements.
20
HC CAPITAL TRUST
The Institutional Value Equity Portfolio
Portfolio of Investments (concluded) — December 31, 2019 (Unaudited)
(a) | Representsnon-income producing security. |
(b) | The rate disclosed represents effective yield at purchase. |
(c) | All or part of this security has been pledged as collateral for derivative instruments held by the Portfolio. |
(d) | The rate disclosed is the rate in effect on December 31, 2019. |
ADR — American Depositary Receipt
ETF — Exchange-Traded Fund
REIT — Real Estate Investment Trust
The following table reflects the percentage of total net assets of the Portfolio attributable to each Specialist Manager as of December 31, 2019.
The Institutional Value Equity Portfolio | Mellon Investments Corporation | Pacific Investment Management Company, LLC | Parametric Portfolio Associates, LLC | HC Capital Solutions | Total | |||||||||||||||
Common Stocks | 83.00 | % | 14.61 | % | — | — | 97.61 | % | ||||||||||||
U.S. Treasury Obligation | 0.01 | % | — | — | — | 0.01 | % | |||||||||||||
Exchange-Traded Fund | 0.06 | % | — | — | — | 0.06 | % | |||||||||||||
Investment Company | 0.09 | % | — | 1.03 | % | — | 1.12 | % | ||||||||||||
Other Assets (Liabilities) | 0.20 | % | 1.47 | % | -0.47 | % | 0.00 | % | 1.20 | % | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Net Assets | 83.36 | % | 16.08 | % | 0.56 | % | 0.00 | % | 100.00 | % | ||||||||||
|
|
|
|
|
|
|
|
|
|
Amounts designated as “—” indicate the Specialist Manager did not manage any holdings in that category.
Amounts designated as “0.00%” round to less than 0.005%.
The following table reflects the open derivative positions held by the Portfolio as of December 31, 2019.
Futures Contracts Purchased^
Description | Number of Contracts | Expiration Date | Notional Amount (000) | Value and Unrealized Appreciation/ (Depreciation) (000) | ||||||||||
E-Mini S&P 500 Future | 128 | 3/20/20 | $ | 20,679 | $ | 223 | ||||||||
E-Mini S&P Midcap 400 Future | 53 | 3/20/20 | 10,943 | 78 | ||||||||||
|
|
|
| |||||||||||
$ | 31,622 | $ | 301 | |||||||||||
|
|
|
| |||||||||||
Total Unrealized Appreciation |
| $ | 301 | |||||||||||
Total Unrealized Depreciation |
| — | ||||||||||||
|
| |||||||||||||
Total Net Unrealized Appreciation/(Depreciation) |
| $ | 301 | |||||||||||
|
|
^ | Cash has been pledged as collateral for futures contracts held by the Portfolio. |
Amounts designated as “—” are $0 or have been rounded to $0.
See accompanying notes to financial statements.
21
HC CAPITAL TRUST
The Growth Equity Portfolio
Portfolio of Investments — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks — 96.72% |
| |||||||
Aerospace & Defense — 2.23% |
| |||||||
40,654 | Airbus SE, ADR | $ | 1,494 | |||||
890 | BWX Technologies, Inc. | 55 | ||||||
6,271 | General Dynamics Corp. | 1,106 | ||||||
391 | HEICO Corp. | 45 | ||||||
728 | HEICO Corp., Class – A | 65 | ||||||
605 | Hexcel Corp. | 44 | ||||||
360 | Huntington Ingalls Industries, Inc. | 90 | ||||||
4,826 | L3Harris Technologies, Inc. | 955 | ||||||
5,693 | Lockheed Martin Corp. | 2,217 | ||||||
1,511 | Northrop Grumman Corp. | 520 | ||||||
6,883 | Raytheon Co. | 1,512 | ||||||
59,368 | Safran SA, ADR | 2,298 | ||||||
14,006 | The Boeing Co. | 4,563 | ||||||
475 | TransDigm Group, Inc. | 266 | ||||||
18,040 | United Technologies Corp. | 2,702 | ||||||
|
| |||||||
17,932 | ||||||||
|
| |||||||
Air Freight & Logistics — 0.08% |
| |||||||
2,907 | C.H. Robinson Worldwide, Inc. | 227 | ||||||
4,946 | Expeditors International of Washington, Inc. | 386 | ||||||
|
| |||||||
613 | ||||||||
|
| |||||||
Airlines — 0.19% |
| |||||||
42,843 | American Airlines Group, Inc. | 1,229 | ||||||
5,393 | Southwest Airlines Co. | 291 | ||||||
12 | Spirit Airlines, Inc. (a) | — | ||||||
|
| |||||||
1,520 | ||||||||
|
| |||||||
Auto Components — 0.04% |
| |||||||
22,154 | Goodyear Tire & Rubber Co. | 345 | ||||||
|
| |||||||
Automobiles — 0.69% |
| |||||||
253,378 | Ford Motor Co. | 2,356 | ||||||
7,663 | Tesla, Inc. (a) | 3,206 | ||||||
|
| |||||||
5,562 | ||||||||
|
| |||||||
Banks — 3.18% |
| |||||||
99,079 | Bank of America Corp. | 3,490 | ||||||
51,877 | Bank OZK | 1,583 | ||||||
35,132 | CIT Group, Inc. | 1,603 | ||||||
7,340 | Citigroup, Inc. | 586 | ||||||
7,630 | Citizens Financial Group, Inc. | 310 | ||||||
1,150 | Cullen/Frost Bankers, Inc. | 112 | ||||||
65,896 | Fifth Third Bancorp | 2,026 | ||||||
164,580 | First Horizon National Corp. | 2,725 | ||||||
3,853 | First Republic Bank | 453 | ||||||
27,297 | FNB Corp. | 347 | ||||||
52,437 | JPMorgan Chase & Co. | 7,309 | ||||||
3,574 | PacWest Bancorp | 137 | ||||||
368 | SVB Financial Group (a) | 92 | ||||||
88,602 | Wells Fargo & Co. | 4,767 | ||||||
394 | Western Alliance Bancorp | 22 | ||||||
|
| |||||||
25,562 | ||||||||
|
| |||||||
Beverages — 1.34% |
| |||||||
7,576 | Brown-Forman Corp., Class – B | 512 | ||||||
20,895 | Molson Coors Beverage Co., Class – B | 1,126 | ||||||
8,931 | Monster Beverage Corp. (a) | 568 | ||||||
29,046 | PepsiCo, Inc. | 3,970 |
Shares | Security Description | Value (000) | ||||||
Beverages (continued) |
| |||||||
82,613 | The Coca-Cola Co. | $ | 4,572 | |||||
|
| |||||||
10,748 | ||||||||
|
| |||||||
Biotechnology — 1.28% |
| |||||||
16,356 | Amgen, Inc. | 3,942 | ||||||
2,005 | BioMarin Pharmaceutical, Inc. (a) | 170 | ||||||
12,856 | Exact Sciences Corp. (a) | 1,189 | ||||||
10,660 | Ionis Pharmaceuticals, Inc. (a) | 644 | ||||||
14,463 | Neurocrine Biosciences, Inc. (a) | 1,555 | ||||||
2,019 | Regeneron Pharmaceuticals, Inc. (a) | 758 | ||||||
1,014 | Seattle Genetics, Inc. (a) | 116 | ||||||
8,798 | Vertex Pharmaceuticals, Inc. (a) | 1,926 | ||||||
|
| |||||||
10,300 | ||||||||
|
| |||||||
Building Products — 0.29% |
| |||||||
24,229 | A.O. Smith Corp. | 1,155 | ||||||
404 | Armstrong World Industries, Inc. | 38 | ||||||
4,621 | Lennox International, Inc. | 1,127 | ||||||
|
| |||||||
2,320 | ||||||||
|
| |||||||
Capital Markets — 1.59% |
| |||||||
2,554 | CBOE Global Markets, Inc. | 306 | ||||||
6,242 | CME Group, Inc. | 1,253 | ||||||
1,203 | FactSet Research Systems, Inc. | 323 | ||||||
1,764 | Federated Investors, Inc., Class – B | 57 | ||||||
4,446 | Franklin Resources, Inc. | 116 | ||||||
2,582 | Intercontinental Exchange, Inc. | 239 | ||||||
93,679 | Invesco Ltd. | 1,684 | ||||||
50,482 | Legg Mason, Inc. | 1,813 | ||||||
5,371 | LPL Financial Holdings, Inc. | 495 | ||||||
349 | MarketAxess Holdings, Inc. | 132 | ||||||
1,577 | Moody’s Corp. | 374 | ||||||
390 | Morningstar, Inc. | 59 | ||||||
838 | MSCI, Inc. Common | 216 | ||||||
14,095 | S&P Global, Inc. | 3,849 | ||||||
2,729 | SEI Investments Co. | 179 | ||||||
5,465 | T. Rowe Price Group, Inc. | 666 | ||||||
7,304 | TD Ameritrade Holding Corp. | 363 | ||||||
8,409 | The Charles Schwab Corp. | 400 | ||||||
17,301 | Virtu Financial, Inc., Class – A | 277 | ||||||
|
| |||||||
12,801 | ||||||||
|
| |||||||
Chemicals — 1.69% |
| |||||||
3,430 | Air Products & Chemicals, Inc. | 806 | ||||||
49,856 | Ecolab, Inc. | 9,621 | ||||||
999 | FMC Corp. | 100 | ||||||
1,601 | International Flavors & Fragrances, Inc. | 207 | ||||||
100,434 | The Chemours Co. | 1,816 | ||||||
1,773 | The Sherwin-Williams Co. | 1,035 | ||||||
|
| |||||||
13,585 | ||||||||
|
| |||||||
Commercial Services & Supplies — 0.28% |
| |||||||
2,657 | Cintas Corp. | 716 | ||||||
6,652 | Copart, Inc. (a) | 605 | ||||||
1,301 | IAA, Inc. (a) | 61 | ||||||
1,301 | KAR Auction Services, Inc. | 28 | ||||||
4,338 | Rollins, Inc. | 144 | ||||||
3,677 | Waste Connections, Inc. | 334 | ||||||
3,522 | Waste Management, Inc. | 401 | ||||||
|
| |||||||
2,289 | ||||||||
|
|
See accompanying notes to financial statements.
22
HC CAPITAL TRUST
The Growth Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) |
| |||||||
Communications Equipment — 0.67% |
| |||||||
1,194 | Arista Networks, Inc. (a) | $ | 243 | |||||
101,754 | Cisco Systems, Inc. | 4,879 | ||||||
885 | F5 Networks, Inc. (a) | 124 | ||||||
153 | Motorola Solutions, Inc. | 25 | ||||||
377 | Palo Alto Networks, Inc. (a) | 87 | ||||||
|
| |||||||
5,358 | ||||||||
|
| |||||||
Construction & Engineering — 0.03% |
| |||||||
2,650 | Jacobs Engineering Group, Inc. | 238 | ||||||
374 | Quanta Services, Inc. | 15 | ||||||
|
| |||||||
253 | ||||||||
|
| |||||||
Consumer Finance — 0.53% |
| |||||||
95 | Credit Acceptance Corp. (a) | 42 | ||||||
135,033 | Navient Corp. | 1,847 | ||||||
65,833 | Synchrony Financial | 2,371 | ||||||
|
| |||||||
4,260 | ||||||||
|
| |||||||
Containers & Packaging — 0.06% |
| |||||||
1,280 | AptarGroup, Inc. | 148 | ||||||
747 | Avery Dennison Corp. | 98 | ||||||
841 | Packaging Corporation of America | 94 | ||||||
2,077 | Sonoco Products Co. | 128 | ||||||
|
| |||||||
468 | ||||||||
|
| |||||||
Distributors — 0.05% |
| |||||||
2,966 | Genuine Parts Co. | 315 | ||||||
381 | Pool Corp. | 81 | ||||||
|
| |||||||
396 | ||||||||
|
| |||||||
Diversified Consumer Services — 0.03% |
| |||||||
516 | Bright Horizons Family Solutions, Inc. (a) | 78 | ||||||
1,727 | Service Corporation International | 79 | ||||||
1,276 | ServiceMaster Global Holdings, Inc. (a) | 49 | ||||||
|
| |||||||
206 | ||||||||
|
| |||||||
Diversified Financial Services — 0.85% |
| |||||||
18,079 | AXA Equitable Holdings, Inc. | 448 | ||||||
28,293 | Berkshire Hathaway, Inc., Class – B (a) | 6,408 | ||||||
99 | Voya Financial, Inc. | 6 | ||||||
|
| |||||||
6,862 | ||||||||
|
| |||||||
Diversified Telecommunication Services — 1.20% |
| |||||||
77,188 | AT&T, Inc. | 3,017 | ||||||
228,443 | CenturyLink, Inc. | 3,018 | ||||||
58,986 | Verizon Communications, Inc. | 3,621 | ||||||
|
| |||||||
9,656 | ||||||||
|
| |||||||
Electric Utilities — 1.26% |
| |||||||
27,484 | Avangrid, Inc. | 1,406 | ||||||
30,983 | Duke Energy Corp. | 2,826 | ||||||
28,713 | Edison International | 2,165 | ||||||
26,999 | Entergy Corp. | 3,235 | ||||||
9,925 | Exelon Corp. | 452 | ||||||
|
| |||||||
10,084 | ||||||||
|
| |||||||
Electrical Equipment — 0.24% |
| |||||||
5,157 | AMETEK, Inc. | 514 | ||||||
13,294 | Emerson Electric Co. | 1,014 | ||||||
1,210 | Hubbell, Inc. | 179 | ||||||
931 | Rockwell Automation, Inc. | 189 | ||||||
|
| |||||||
1,896 | ||||||||
|
|
Shares | Security Description | Value (000) | ||||||
Electronic Equipment, Instruments & Components — 0.24% |
| |||||||
8,822 | Amphenol Corp., Class – A | $ | 955 | |||||
1,465 | CDW Corporation of Delaware | 209 | ||||||
2,490 | Cognex Corp. | 140 | ||||||
1,015 | Dolby Laboratories, Inc., Class – A | 70 | ||||||
3,517 | FLIR Systems, Inc. | 183 | ||||||
289 | IPG Photonics Corp. (a) | 42 | ||||||
3,147 | National Instruments Corp. | 133 | ||||||
1,757 | Trimble, Inc. (a) | 73 | ||||||
493 | Zebra Technologies Corp., Class – A (a) | 126 | ||||||
|
| |||||||
1,931 | ||||||||
|
| |||||||
Energy Equipment & Services — 0.00% |
| |||||||
2 | Dril-Quip, Inc. (a) | — | ||||||
|
| |||||||
Entertainment — 1.20% |
| |||||||
17,992 | Netflix, Inc. (a) | 5,821 | ||||||
26,326 | The Walt Disney Co. | 3,808 | ||||||
|
| |||||||
9,629 | ||||||||
|
| |||||||
Equity Real Estate Investment Trusts — 3.03% |
| |||||||
5,573 | American Tower Corp. | 1,281 | ||||||
156,185 | Apple Hospitality REIT, Inc. | 2,538 | ||||||
132,718 | Brixmor Property Group, Inc. | 2,868 | ||||||
73,078 | Brookfield Property REIT, Inc., Class – A | 1,348 | ||||||
103,101 | Colony Capital, Inc. | 490 | ||||||
217 | CoreCivic, Inc. | 4 | ||||||
5,220 | Crown Castle International Corp. | 742 | ||||||
16,745 | Equinix, Inc. | 9,774 | ||||||
1,608 | Equity Lifestyle Properties, Inc. | 113 | ||||||
19,565 | Kimco Realty Corp. | 405 | ||||||
11,741 | Outfront Media, Inc. | 315 | ||||||
66,892 | Parks Hotels & Resorts, Inc. | 1,730 | ||||||
47,011 | Service Properties Trust | 1,144 | ||||||
112,279 | SITE Centers Corp. | 1,574 | ||||||
|
| |||||||
24,326 | ||||||||
|
| |||||||
Food & Staples Retailing — 1.45% |
| |||||||
20,181 | Costco Wholesale Corp. | 5,932 | ||||||
11,718 | Sysco Corp. | 1,002 | ||||||
16,968 | Walgreens Boots Alliance, Inc. | 1,000 | ||||||
31,287 | Wal-Mart Stores, Inc. | 3,719 | ||||||
|
| |||||||
11,653 | ||||||||
|
| |||||||
Food Products — 1.43% |
| |||||||
70,463 | ConAgra Foods, Inc. | 2,413 | ||||||
3,603 | Flowers Foods, Inc. | 78 | ||||||
1,045 | Hershey Co. | 154 | ||||||
5,224 | Hormel Foods Corp. | 236 | ||||||
413 | Lamb Weston Holding, Inc. | 36 | ||||||
2,546 | McCormick & Company, Inc. | 432 | ||||||
142,800 | Mondelez International, Inc., Class – A | 7,864 | ||||||
2,332 | The J.M. Smucker Co. | 243 | ||||||
|
| |||||||
11,456 | ||||||||
|
| |||||||
Health Care Equipment & Supplies — 2.90% |
| |||||||
34,185 | Abbott Laboratories | 2,970 | ||||||
372 | Abiomed, Inc. (a) | 63 | ||||||
650 | Align Technology, Inc. (a) | 181 | ||||||
11,112 | Baxter International, Inc. | 929 |
See accompanying notes to financial statements.
23
HC CAPITAL TRUST
The Growth Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) |
| |||||||
Health Care Equipment & Supplies (continued) |
| |||||||
6,721 | Becton, Dickinson & Co. | $ | 1,828 | |||||
28,840 | Boston Scientific Corp. (a) | 1,304 | ||||||
22,060 | Danaher Corp. | 3,385 | ||||||
5,370 | Dexcom, Inc. (a) | 1,175 | ||||||
11,292 | Edwards Lifesciences Corp. (a) | 2,635 | ||||||
584 | Hill-Rom Holdings, Inc. | 66 | ||||||
2,690 | IDEXX Laboratories, Inc. (a) | 702 | ||||||
7,063 | Intuitive Surgical, Inc. (a) | 4,176 | ||||||
1,587 | Medtronic PLC | 180 | ||||||
4,072 | ResMed, Inc. | 631 | ||||||
9,642 | Stryker Corp. | 2,024 | ||||||
85 | Teleflex, Inc. | 32 | ||||||
332 | The Cooper Cos., Inc. | 107 | ||||||
824 | Varex Imaging Corp. (a) | 25 | ||||||
2,841 | Varian Medical Systems, Inc. (a) | 403 | ||||||
3,346 | Zimmer Biomet Holdings, Inc. | 501 | ||||||
|
| |||||||
23,317 | ||||||||
|
| |||||||
Health Care Providers & Services — 3.38% |
| |||||||
5,215 | Anthem, Inc. | 1,575 | ||||||
418 | Centene Corp. (a) | 26 | ||||||
768 | Cigna Corp. | 157 | ||||||
22,394 | CVS Health Corp. | 1,664 | ||||||
10,019 | HCA Holdings, Inc. | 1,481 | ||||||
3,283 | Henry Schein, Inc. (a) | 219 | ||||||
1,265 | Humana, Inc. | 464 | ||||||
1,952 | Laboratory Corporation of America Holdings (a) | 330 | ||||||
4,595 | McKesson Corp. | 636 | ||||||
65,524 | MEDNAX, Inc. (a) | 1,821 | ||||||
2,799 | Quest Diagnostics, Inc. | 299 | ||||||
62,468 | UnitedHealth Group, Inc. | 18,364 | ||||||
389 | WellCare Health Plans, Inc. (a) | 128 | ||||||
|
| |||||||
27,164 | ||||||||
|
| |||||||
Health Care Technology — 0.56% |
| |||||||
51,381 | Cerner Corp. | 3,771 | ||||||
22,801 | Change Healthcare, Inc. (a) | 374 | ||||||
2,596 | Veeva Systems, Inc. (a) | 365 | ||||||
|
| |||||||
4,510 | ||||||||
|
| |||||||
Hotels, Restaurants & Leisure — 2.41% |
| |||||||
2,906 | Chipotle Mexican Grill, Inc. (a) | 2,433 | ||||||
1,046 | Choice Hotels International, Inc. | 108 | ||||||
419 | Domino’s Pizza, Inc. | 123 | ||||||
874 | Dunkin’ Brands Group, Inc. | 66 | ||||||
11,330 | Marriott International, Inc., Class – A | 1,716 | ||||||
18,816 | McDonald’s Corp. | 3,718 | ||||||
111,554 | Starbucks Corp. | 9,808 | ||||||
1,032 | The Wendy’s Co. | 23 | ||||||
310 | Vail Resorts, Inc. | 74 | ||||||
7,868 | Yum China Holdings, Inc. | 378 | ||||||
8,846 | YUM! Brands, Inc. | 891 | ||||||
|
| |||||||
19,338 | ||||||||
|
| |||||||
Household Durables — 0.03% |
| |||||||
2,470 | Garmin Ltd. | 241 | ||||||
|
|
Shares | Security Description | Value (000) | ||||||
Household Products — 1.25% |
| |||||||
5,143 | Church & Dwight Co., Inc. | $ | 362 | |||||
17,683 | Colgate-Palmolive Co. | 1,217 | ||||||
7,129 | Kimberly-Clark Corp. | 981 | ||||||
30,424 | Spectrum Brands Holdings, Inc. | 1,956 | ||||||
2,554 | The Clorox Co. | 392 | ||||||
41,123 | The Procter & Gamble Co. | 5,136 | ||||||
|
| |||||||
10,044 | ||||||||
|
| |||||||
Independent Power and Renewable Electricity Producers — 0.19% |
| |||||||
541 | NRG Energy, Inc., Class – C | 22 | ||||||
60,793 | The AES Corp. | 1,209 | ||||||
13,388 | Vistra Energy Corp. | 308 | ||||||
|
| |||||||
1,539 | ||||||||
|
| |||||||
Industrial Conglomerates — 1.01% |
| |||||||
12,543 | 3M Co. | 2,213 | ||||||
380,319 | General Electric Co. | 4,245 | ||||||
4,278 | Honeywell International, Inc. | 757 | ||||||
2,488 | Roper Industries, Inc. | 881 | ||||||
|
| |||||||
8,096 | ||||||||
|
| |||||||
Insurance — 2.20% |
| |||||||
12,093 | American National Insurance Co. | 1,423 | ||||||
7,992 | Aon PLC | 1,665 | ||||||
1,196 | Arthur J. Gallagher & Co. | 114 | ||||||
10,152 | Assurant, Inc. | 1,331 | ||||||
38,214 | Athene Holding Ltd. (a) | 1,797 | ||||||
17,229 | AXIS Capital Holdings Ltd. | 1,024 | ||||||
41,294 | Brighthouse Financial, Inc. (a) | 1,620 | ||||||
4,821 | Brown & Brown, Inc. | 190 | ||||||
171 | Erie Indemnity Co., Class – A | 28 | ||||||
6,766 | Everest Re Group Ltd. | 1,874 | ||||||
2,499 | Globe Life, Inc. | 263 | ||||||
15,337 | Marsh & McLennan Cos., Inc. | 1,709 | ||||||
3,306 | Prudential Financial, Inc. | 310 | ||||||
4,415 | RenaissanceRe Holdings Ltd. | 865 | ||||||
10,877 | The Hanover Insurance Group, Inc. | 1,487 | ||||||
5,631 | The Progressive Corp. | 408 | ||||||
52,071 | Unum Group | 1,518 | ||||||
|
| |||||||
17,626 | ||||||||
|
| |||||||
Interactive Media & Services — 5.79% |
| |||||||
10,400 | Alphabet, Inc., Class – A (a) | 13,930 | ||||||
15,444 | Alphabet, Inc., Class – C (a) | 20,649 | ||||||
57,327 | Facebook, Inc., Class – A (a) | 11,766 | ||||||
646 | InterActive Corp. (a) | 161 | ||||||
344 | Match Group, Inc.^ (a) | 28 | ||||||
|
| |||||||
46,534 | ||||||||
|
| |||||||
Internet & Direct Marketing Retail — 4.54% |
| |||||||
23,308 | Alibaba Group Holding Ltd., ADR (a) | 4,944 | ||||||
13,063 | Amazon.com, Inc. (a) | 24,138 | ||||||
3,568 | Booking Holdings, Inc. (a) | 7,328 | ||||||
|
| |||||||
36,410 | ||||||||
|
| |||||||
IT Services — 11.59% |
| |||||||
12,377 | Accenture PLC, Class – A | 2,606 | ||||||
77,419 | Automatic Data Processing, Inc. | 13,199 | ||||||
1,297 | Booz Allen Hamilton Holding Corp. | 92 |
See accompanying notes to financial statements.
24
HC CAPITAL TRUST
The Growth Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) |
| |||||||
IT Services (continued) |
| |||||||
3,472 | Broadridge Financial Solutions, Inc. | $ | 429 | |||||
11,940 | Cognizant Technology Solutions Corp. | 741 | ||||||
2,322 | Fidelity National Information Services, Inc. | 323 | ||||||
5,412 | Fiserv, Inc. (a) | 626 | ||||||
56,446 | FleetCor Technologies, Inc. (a) | 16,240 | ||||||
8,004 | Global Payments, Inc. | 1,461 | ||||||
1,132 | GoDaddy, Inc., Class – A (a) | 77 | ||||||
17,954 | International Business Machines Corp. | 2,407 | ||||||
2,207 | Jack Henry & Associates, Inc. | 321 | ||||||
50,836 | MasterCard, Inc., Class – A | 15,179 | ||||||
19,033 | Okta, Inc. (a) | 2,196 | ||||||
6,384 | Paychex, Inc. | 543 | ||||||
58,309 | PayPal Holdings, Inc. (a) | 6,307 | ||||||
4,527 | Shopify, Inc. (a) | 1,800 | ||||||
13,230 | Square, Inc., Class – A (a) | 828 | ||||||
7,135 | Twilio, Inc., Class – A (a) | 701 | ||||||
854 | VeriSign, Inc. (a) | 165 | ||||||
142,930 | Visa, Inc., Class – A | 26,856 | ||||||
304 | WEX, Inc. (a) | 64 | ||||||
|
| |||||||
93,161 | ||||||||
|
| |||||||
Leisure Products — 0.02% |
| |||||||
1,422 | Polaris Inc. | 145 | ||||||
|
| |||||||
Life Sciences Tools & Services — 0.94% |
| |||||||
754 | Agilent Technologies, Inc. | 64 | ||||||
1,141 | Bio-Techne Corp. | 250 | ||||||
440 | Bruker Biosciences Corp. | 22 | ||||||
447 | Charles River Laboratories International, Inc. (a) | 68 | ||||||
8,207 | Illumina, Inc. (a) | 2,723 | ||||||
817 | IQVIA Holdings, Inc. (a) | 126 | ||||||
785 | Mettler-Toledo International, Inc. (a) | 623 | ||||||
239 | PerkinElmer, Inc. | 23 | ||||||
9,568 | Thermo Fisher Scientific, Inc. | 3,109 | ||||||
2,297 | Waters Corp. (a) | 537 | ||||||
|
| |||||||
7,545 | ||||||||
|
| |||||||
Machinery — 0.57% |
| |||||||
1,017 | Crane Co. | 88 | ||||||
3,410 | Deere & Co. | 591 | ||||||
2,856 | Donaldson Cos., Inc. | 165 | ||||||
3,369 | Dover Corp. | 388 | ||||||
6,615 | Fortive Corp. | 505 | ||||||
1,569 | Graco, Inc. | 82 | ||||||
2,179 | IDEX Corp. | 375 | ||||||
8,257 | Illinois Tool Works, Inc. | 1,483 | ||||||
1,218 | Ingersoll-Rand PLC | 162 | ||||||
506 | Nordson, Inc. | 82 | ||||||
927 | The Toro Co. | 74 | ||||||
453 | WABCO Holdings, Inc. (a) | 61 | ||||||
2,031 | Wabtec Corp. | 158 | ||||||
4,438 | Xylem, Inc. | 350 | ||||||
|
| |||||||
4,564 | ||||||||
|
| |||||||
Marine — 0.01% |
| |||||||
1,159 | Kirby Corp. (a) | 104 | ||||||
|
|
Shares | Security Description | Value (000) | ||||||
Media — 0.23% |
| |||||||
31,326 | Comcast Corp., Class – A | $ | 1,409 | |||||
2,004 | Discovery, Inc., Class – C (a) | 61 | ||||||
4,801 | Omnicom Group, Inc. | 389 | ||||||
|
| |||||||
1,859 | ||||||||
|
| |||||||
Metals & Mining — 0.19% |
| |||||||
135,612 | United States Steel Corp. | 1,547 | ||||||
|
| |||||||
Mortgage Real Estate Investment Trusts — 1.23% |
| |||||||
41,110 | Annaly Capital Management, Inc. | 387 | ||||||
128,181 | Chimera Investment Corp. | 2,635 | ||||||
338,967 | MFA Financial, Inc. | 2,593 | ||||||
106,761 | Starwood Property Trust, Inc. | 2,655 | ||||||
110,721 | Two Harbors Investment Corp. | 1,619 | ||||||
|
| |||||||
9,889 | ||||||||
|
| |||||||
Multiline Retail — 0.09% |
| |||||||
939 | Dollar General Corp. | 146 | ||||||
4,517 | Dollar Tree, Inc. (a) | 426 | ||||||
2,952 | Kohl’s Corp. | 150 | ||||||
|
| |||||||
722 | ||||||||
|
| |||||||
Multi-Utilities — 0.57% |
| |||||||
48,935 | CenterPoint Energy, Inc. | 1,334 | ||||||
35,529 | Dominion Energy, Inc. | 2,943 | ||||||
4,488 | Public Service Enterprise Group, Inc. | 265 | ||||||
|
| |||||||
4,542 | ||||||||
|
| |||||||
Oil, Gas & Consumable Fuels — 1.59% |
| |||||||
187,436 | Antero Midstream Corp.^ | 1,423 | ||||||
546,711 | Antero Resources Corp. (a) | 1,558 | ||||||
62,941 | Cabot Oil & Gas Corp. | 1,096 | ||||||
1,313 | Cheniere Energy, Inc. (a) | 80 | ||||||
36,263 | Chevron Corp. | 4,370 | ||||||
47,783 | Exxon Mobil Corp. | 3,334 | ||||||
11,537 | ONEOK, Inc. | 873 | ||||||
|
| |||||||
12,734 | ||||||||
|
| |||||||
Personal Products — 0.77% |
| |||||||
189,463 | Coty, Inc., Class – A | 2,131 | ||||||
1,318 | Herbalife Nutrition Ltd. (a) | 63 | ||||||
19,292 | The Estee Lauder Cos., Inc., Class – A | 3,985 | ||||||
|
| |||||||
6,179 | ||||||||
|
| |||||||
Pharmaceuticals — 2.76% |
| |||||||
53,945 | AstraZeneca PLC, ADR | 2,690 | ||||||
25,089 | Eli Lilly & Co. | 3,297 | ||||||
33,814 | Johnson & Johnson | 4,932 | ||||||
55,581 | Merck & Co., Inc. | 5,055 | ||||||
15,914 | Mylan N.V. (a) | 320 | ||||||
4,551 | Novartis AG, ADR | 431 | ||||||
56,590 | Novo Nordisk A/S, Class – B, ADR | 3,275 | ||||||
38,170 | Pfizer, Inc. | 1,496 | ||||||
4,788 | Zoetis, Inc. | 634 | ||||||
|
| |||||||
22,130 | ||||||||
|
| |||||||
Professional Services — 0.23% |
| |||||||
331 | CoStar Group, Inc. (a) | 198 | ||||||
2,353 | Equifax, Inc. | 330 | ||||||
4,977 | IHS Markit Ltd. (a) | 375 | ||||||
1,445 | Robert Half International, Inc. | 91 | ||||||
1,517 | TransUnion | 130 | ||||||
4,817 | Versik Analytics, Inc., Class – A | 719 | ||||||
|
| |||||||
1,843 | ||||||||
|
|
See accompanying notes to financial statements.
25
HC CAPITAL TRUST
The Growth Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) |
| |||||||
Real Estate Management & Development — 0.01% |
| |||||||
1,272 | CBRE Group, Inc., Class – A (a) | $ | 78 | |||||
|
| |||||||
Road & Rail — 1.40% |
| |||||||
57,529 | CSX Corp. | 4,163 | ||||||
1,303 | Landstar System, Inc. | 148 | ||||||
375 | Old Dominion Freight Line, Inc. | 71 | ||||||
21,818 | Uber Technologies, Inc. (a) | 649 | ||||||
34,166 | Union Pacific Corp. | 6,177 | ||||||
|
| |||||||
11,208 | ||||||||
|
| |||||||
Semiconductors & Semiconductor Equipment — 3.09% |
| |||||||
96,872 | Advanced Micro Devices, Inc. (a) | 4,443 | ||||||
7,262 | Analog Devices, Inc. | 863 | ||||||
6,209 | Applied Materials, Inc. | 379 | ||||||
9,694 | Broadcom, Inc. | 3,063 | ||||||
94,338 | Intel Corp. | 5,645 | ||||||
1,378 | KLA Corp. | 246 | ||||||
1,153 | Lam Research Corp. | 337 | ||||||
28,189 | Marvell Technology Group Ltd. | 749 | ||||||
2,547 | Maxim Integrated Products, Inc. | 157 | ||||||
1,854 | Microchip Technology, Inc. | 194 | ||||||
7,602 | Micron Technology, Inc. (a) | 409 | ||||||
17,543 | NVIDIA Corp. | 4,128 | ||||||
3,257 | ON Semiconductor Corp. (a) | 79 | ||||||
30,091 | Qualcomm, Inc. | 2,655 | ||||||
9,164 | Texas Instruments, Inc. | 1,176 | ||||||
2,830 | Xilinx, Inc. | 277 | ||||||
|
| |||||||
24,800 | ||||||||
|
| |||||||
Software — 10.86% |
| |||||||
17,332 | Adobe, Inc. (a) | 5,716 | ||||||
1,974 | ANSYS, Inc. (a) | 508 | ||||||
908 | Atlassian Corp. PLC, Class – A (a) | 109 | ||||||
1,566 | Autodesk, Inc. (a) | 287 | ||||||
3,967 | Citrix Systems, Inc. | 440 | ||||||
4,175 | Coupa Software, Inc. (a) | 611 | ||||||
1,303 | Fortinet, Inc. (a) | 139 | ||||||
5,422 | Intuit, Inc. | 1,420 | ||||||
255,940 | Microsoft Corp. | 40,362 | ||||||
63,347 | Oracle Corp. | 3,356 | ||||||
105,345 | Salesforce.com, Inc. (a) | 17,133 | ||||||
77,251 | SAP AG, ADR | 10,351 | ||||||
7,437 | ServiceNow, Inc. (a) | 2,100 | ||||||
13,530 | Splunk, Inc. (a) | 2,027 | ||||||
1,391 | SS&C Technologies Holdings, Inc. | 85 | ||||||
151 | Synopsys, Inc. (a) | 21 | ||||||
1,831 | VMware, Inc., Class – A (a) | 278 | ||||||
14,147 | Workday, Inc., Class – A (a) | 2,326 | ||||||
|
| |||||||
87,269 | ||||||||
|
| |||||||
Specialty Retail — 3.52% |
| |||||||
1,357 | Aaron’s, Inc. | 77 | ||||||
1,475 | Advance Auto Parts, Inc. | 236 | ||||||
597 | AutoZone, Inc. (a) | 711 | ||||||
6,005 | Best Buy Co., Inc. | 527 | ||||||
376 | Burlington Stores, Inc. (a) | 86 | ||||||
77,792 | Lowe’s Cos., Inc. | 9,316 |
Shares | Security Description | Value (000) | ||||||
Specialty Retail (continued) |
| |||||||
1,946 | O’Reilly Automotive, Inc. (a) | $ | 853 | |||||
9,045 | Ross Stores, Inc. | 1,053 | ||||||
18,873 | The Home Depot, Inc. | 4,122 | ||||||
159,890 | The TJX Cos., Inc. | 9,764 | ||||||
2,234 | Tiffany & Co. | 299 | ||||||
1,256 | Tractor Supply Co. | 117 | ||||||
4,235 | Ulta Beauty, Inc. (a) | 1,072 | ||||||
|
| |||||||
28,233 | ||||||||
|
| |||||||
Technology Hardware, Storage & Peripherals — 4.46% |
| |||||||
105,786 | Apple, Inc. | 31,064 | ||||||
38,672 | Western Digital Corp. | 2,455 | ||||||
62,681 | Xerox Holdings Corp. | 2,311 | ||||||
|
| |||||||
35,830 | ||||||||
|
| |||||||
Textiles, Apparel & Luxury Goods — 2.40% |
| |||||||
10,760 | Adidas AG, ADR | 1,752 | ||||||
39,307 | Kering SA, ADR | 2,569 | ||||||
960 | Kontoor Brands, Inc. | 40 | ||||||
13,576 | Lululemon Athletica, Inc. (a) | 3,145 | ||||||
107,230 | NIKE, Inc., Class – B | 10,864 | ||||||
3,743 | Under Armour, Inc., Class – A (a) | 81 | ||||||
3,770 | Under Armour, Inc., Class – C (a) | 72 | ||||||
6,722 | V.F. Corp. | 670 | ||||||
|
| |||||||
19,193 | ||||||||
|
| |||||||
Thrifts & Mortgage Finance — 0.33% |
| |||||||
76,899 | MGIC Investment Corp. | 1,090 | ||||||
128,820 | New York Community Bancorp, Inc. | 1,548 | ||||||
|
| |||||||
2,638 | ||||||||
|
| |||||||
Tobacco — 0.32% |
| |||||||
30,396 | Philip Morris International, Inc. | 2,586 | ||||||
|
| |||||||
Trading Companies & Distributors — 0.13% |
| |||||||
14,448 | Fastenal Co. | 535 | ||||||
909 | MSC Industrial Direct Co., Inc., Class – A | 71 | ||||||
1,221 | W.W. Grainger, Inc. | 413 | ||||||
|
| |||||||
1,019 | ||||||||
|
| |||||||
Total Common Stocks | 776,648 | |||||||
|
| |||||||
Investment Companies —3.08% |
| |||||||
1,420,139 | Federated Treasury Obligations Fund, Institutional Shares, 2.29%^^ (b) | 1,420 | ||||||
23,279,847 | State Street Institutional Treasury Plus Money Market Fund, Trust Class, 1.49% (b) | 23,280 | ||||||
|
| |||||||
Total Investment Companies | 24,700 | |||||||
|
| |||||||
Total Investments | 801,348 | |||||||
Other assets in excess of | 1,646 | |||||||
|
| |||||||
Net Assets — 100.00% | $ | 802,994 | ||||||
|
|
Amounts designated as “—” are $0 or have been rounded to $0.
^ | All or part of this security was on loan as of December 31, 2019. The total value of securities on loan as of December 31, 2019, was $1,436 (amount in thousands). |
^^ | 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 December 31, 2019. |
See accompanying notes to financial statements.
26
HC CAPITAL TRUST
The Growth Equity Portfolio
Portfolio of Investments (concluded) — December 31, 2019 (Unaudited)
(a) | Representsnon-income producing security. |
(b) | The rate disclosed is the rate in effect on December 31, 2019. |
ADR — American Depositary Receipt
REIT — Real Estate Investment Trust
The following table reflects the percentage of total net assets of the Portfolio attributable to each Specialist Manager as of December 31, 2019.
The Growth Equity Portfolio | Jennison Associates, LLC | Parametric Portfolio Associates, LLC | Total | |||||||||
Common Stocks | 18.00 | % | 78.72 | % | 96.72 | % | ||||||
Investment Companies | — | 3.08 | % | 3.08 | % | |||||||
Other Assets (Liabilities) | 0.15 | % | 0.05 | % | 0.20 | % | ||||||
|
|
|
|
|
| |||||||
Total Net Assets | 18.15 | % | 81.85 | % | 100.00 | % | ||||||
|
|
|
|
|
|
Amounts designated as “—” indicate the Specialist Manager did not manage any holdings in that category.
The following table reflects the open derivative positions held by the Portfolio as of December 31, 2019.
Futures Contracts Purchased^
Description | Number of Contracts | Expiration Date | Notional Amount (000) | Value and Unrealized Appreciation/ (Depreciation) (000) | ||||||||||
E-Mini Nasdaq 100 Future | 64 | 3/20/20 | $ | 11,203 | $ | 196 | ||||||||
E-Mini S&P 500 Future | 60 | 3/20/20 | 9,693 | 108 | ||||||||||
|
|
|
| |||||||||||
$ | 20,896 | $ | 304 | |||||||||||
|
|
|
| |||||||||||
Total Unrealized Appreciation |
| $ | 304 | |||||||||||
Total Unrealized Depreciation |
| — | ||||||||||||
|
| |||||||||||||
Total Net Unrealized Appreciation/(Depreciation) |
| $ | 304 | |||||||||||
|
|
^ | Cash has been pledged as collateral for futures contracts held by the Portfolio. |
Amounts designated as “—” are $0 or have been rounded to $0.
See accompanying notes to financial statements.
27
HC CAPITAL TRUST
The Institutional Growth Equity Portfolio
Portfolio of Investments — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks — 97.82% |
| |||||||
Aerospace & Defense — 3.10% |
| |||||||
41,549 | Airbus SE, ADR | $ | 1,527 | |||||
6,990 | Arconic, Inc. | 215 | ||||||
3,630 | BWX Technologies, Inc. | 225 | ||||||
690 | Curtiss-Wright Corp. | 97 | ||||||
6,001 | General Dynamics Corp. | 1,058 | ||||||
2,364 | HEICO Corp. | 270 | ||||||
6,496 | HEICO Corp., Class – A | 582 | ||||||
3,975 | Hexcel Corp. | 291 | ||||||
1,638 | Huntington Ingalls Industries, Inc. | 411 | ||||||
22,954 | L3Harris Technologies, Inc. | 4,541 | ||||||
13,081 | Lockheed Martin Corp. | 5,093 | ||||||
8,922 | Northrop Grumman Corp. | 3,069 | ||||||
12,152 | Raytheon Co. | 2,669 | ||||||
60,672 | Safran SA, ADR | 2,348 | ||||||
4,456 | Spirit Aerosystems Holdings, Inc., Class – A | 325 | ||||||
629 | Teledyne Technologies, Inc. (a) | 218 | ||||||
4,104 | Textron, Inc. | 183 | ||||||
41,829 | The Boeing Co. | 13,629 | ||||||
6,851 | TransDigm Group, Inc. | 3,836 | ||||||
32,395 | United Technologies Corp. | 4,852 | ||||||
|
| |||||||
45,439 | ||||||||
|
| |||||||
Air Freight & Logistics — 0.42% |
| |||||||
10,264 | C.H. Robinson Worldwide, Inc. | 803 | ||||||
6,602 | Expeditors International of Washington, Inc. | 515 | ||||||
4,312 | FedEx Corp. | 652 | ||||||
33,892 | United Parcel Service, Inc., Class – B | 3,967 | ||||||
3,382 | XPO Logistics, Inc. (a) | 270 | ||||||
|
| |||||||
6,207 | ||||||||
|
| |||||||
Airlines — 0.21% |
| |||||||
4,010 | Alaska Air Group, Inc. | 271 | ||||||
8,299 | American Airlines Group, Inc. | 238 | ||||||
470 | Copa Holdings SA, Class – A | 51 | ||||||
14,113 | Delta Air Lines, Inc. | 826 | ||||||
6,630 | JetBlue Airways Corp. (a) | 125 | ||||||
20,064 | Southwest Airlines Co. | 1,083 | ||||||
5,930 | United Airlines Holdings, Inc. (a) | 522 | ||||||
|
| |||||||
3,116 | ||||||||
|
| |||||||
Auto Components — 0.06% |
| |||||||
5,222 | Aptiv PLC | 496 | ||||||
3,426 | BorgWarner, Inc. | 148 | ||||||
5,002 | Gentex Corp. | 145 | ||||||
4,428 | Goodyear Tire & Rubber Co. | 69 | ||||||
1,035 | Lear Corp. | 142 | ||||||
|
| |||||||
1,000 | ||||||||
|
| |||||||
Automobiles — 0.55% |
| |||||||
78,447 | Ford Motor Co. | 729 | ||||||
22,219 | General Motors Co. | 813 | ||||||
2,550 | Harley-Davidson, Inc. | 95 | ||||||
15,133 | Tesla, Inc. (a) | 6,331 | ||||||
954 | Thor Industries, Inc. | 71 | ||||||
|
| |||||||
8,039 | ||||||||
|
| |||||||
Banks — 2.63% |
| |||||||
3,134 | Associated Banc-Corp. | 69 |
Shares | Security Description | Value (000) | ||||||
Banks (continued) |
| |||||||
148,870 | Bank of America Corp. | $ | 5,244 | |||||
784 | Bank of Hawaii Corp. | 75 | ||||||
2,305 | Bank OZK | 70 | ||||||
1,873 | BankUnited, Inc. | 68 | ||||||
618 | BOK Financial Corp. | 54 | ||||||
1,714 | CIT Group, Inc. | 78 | ||||||
75,166 | Citigroup, Inc. | 6,006 | ||||||
8,172 | Citizens Financial Group, Inc. | 332 | ||||||
2,998 | Comerica, Inc. | 215 | ||||||
1,979 | Commerce Bancshares, Inc. | 134 | ||||||
1,102 | Cullen/Frost Bankers, Inc. | 108 | ||||||
2,735 | East West Bancorp, Inc. | 133 | ||||||
13,371 | Fifth Third Bancorp | 411 | ||||||
149 | First Citizens BancShares, Inc., Class – A | 79 | ||||||
2,576 | First Hawaiian, Inc. | 74 | ||||||
6,005 | First Horizon National Corp. | 99 | ||||||
5,756 | First Republic Bank | 676 | ||||||
6,130 | FNB Corp. | 78 | ||||||
18,498 | Huntington Bancshares, Inc. | 279 | ||||||
85,480 | JPMorgan Chase & Co. | 11,917 | ||||||
18,253 | KeyCorp | 369 | ||||||
3,637 | M&T Bank Corp. | 617 | ||||||
2,327 | PacWest Bancorp | 89 | ||||||
18,610 | People’s United Financial, Inc. | 314 | ||||||
1,421 | Pinnacle Financial Partners, Inc. | 91 | ||||||
8,084 | PNC Financial Services Group, Inc. | 1,290 | ||||||
1,497 | Popular, Inc. | 88 | ||||||
2,155 | Prosperity Bancshares, Inc. | 155 | ||||||
18,060 | Regions Financial Corp. | 310 | ||||||
3,978 | Signature Bank | 543 | ||||||
4,085 | Sterling Bancorp | 86 | ||||||
1,021 | SVB Financial Group (a) | 256 | ||||||
2,876 | Synovus Financial Corp. | 112 | ||||||
2,839 | TCF Financial Corp. | 133 | ||||||
953 | Texas Capital Bancshares, Inc. (a) | 54 | ||||||
27,790 | Truist Financial Corp. | 1,566 | ||||||
30,905 | U.S. Bancorp | 1,832 | ||||||
4,158 | Umpqua Holdings Corp. | 74 | ||||||
1,731 | Webster Financial Corp. | 92 | ||||||
69,772 | Wells Fargo & Co. | 3,755 | ||||||
2,346 | Western Alliance Bancorp | 134 | ||||||
1,059 | Wintrust Financial Corp. | 75 | ||||||
3,041 | Zions Bancorp | 158 | ||||||
|
| |||||||
38,392 | ||||||||
|
| |||||||
Beverages — 1.53% |
| |||||||
2,317 | Brown-Forman Corp., Class – A | 145 | ||||||
14,827 | Brown-Forman Corp., Class – B | 1,002 | ||||||
5,717 | Constellation Brands, Inc., Class – A | 1,084 | ||||||
3,542 | Keurig Dr Pepper, Inc. | 103 | ||||||
14,026 | Molson Coors Beverage Co., Class – B | 756 | ||||||
21,072 | Monster Beverage Corp. (a) | 1,339 | ||||||
66,124 | PepsiCo, Inc. | 9,038 | ||||||
161,746 | The Coca-Cola Co. | 8,953 | ||||||
|
| |||||||
22,420 | ||||||||
|
|
See accompanying notes to financial statements.
28
HC CAPITAL TRUST
The Institutional Growth Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) |
| |||||||
Biotechnology — 2.04% |
| |||||||
71,571 | AbbVie, Inc. | $ | 6,337 | |||||
1,267 | Agios Pharmaceuticals, Inc. (a) | 61 | ||||||
8,771 | Alexion Pharmaceuticals, Inc. (a) | 948 | ||||||
2,915 | Alkermes PLC (a) | 59 | ||||||
4,465 | Alnylam Pharmaceuticals, Inc. (a) | 515 | ||||||
28,075 | Amgen, Inc. | 6,768 | ||||||
5,845 | Biogen, Inc. (a) | 1,735 | ||||||
21,221 | BioMarin Pharmaceutical, Inc. (a) | 1,794 | ||||||
1,025 | Bluebird Bio, Inc. (a) | 90 | ||||||
15,164 | Exact Sciences Corp. (a) | 1,402 | ||||||
9,200 | Exelixis, Inc. (a) | 162 | ||||||
30,113 | Gilead Sciences, Inc. | 1,956 | ||||||
8,389 | Incyte Corp. (a) | 732 | ||||||
6,292 | Ionis Pharmaceuticals, Inc. (a) | 380 | ||||||
8,854 | Moderna, Inc. (a) | 173 | ||||||
4,416 | Neurocrine Biosciences, Inc. (a) | 475 | ||||||
1,985 | Regeneron Pharmaceuticals, Inc. (a) | 745 | ||||||
2,415 | Sage Therapeutics, Inc. (a) | 175 | ||||||
3,418 | Sarepta Therapeutics, Inc. (a) | 441 | ||||||
5,464 | Seattle Genetics, Inc. (a) | 624 | ||||||
814 | United Therapeutics Corp. (a) | 72 | ||||||
19,270 | Vertex Pharmaceuticals, Inc. (a) | 4,219 | ||||||
|
| |||||||
29,863 | ||||||||
|
| |||||||
Building Products — 0.20% |
| |||||||
2,876 | A.O. Smith Corp. | 137 | ||||||
4,996 | Allegion PLC | 622 | ||||||
2,273 | Armstrong World Industries, Inc. | 214 | ||||||
3,949 | Fortune Brands Home & Security, Inc. | 258 | ||||||
18,506 | Johnson Controls International PLC | 753 | ||||||
2,077 | Lennox International, Inc. | 507 | ||||||
5,152 | Masco Corp. | 247 | ||||||
2,055 | Owens Corning, Inc. | 134 | ||||||
2,354 | Resideo Technologies, Inc. (a) | 28 | ||||||
|
| |||||||
2,900 | ||||||||
|
| |||||||
Capital Markets — 2.21% |
| |||||||
998 | Affiliated Managers Group, Inc. | 85 | ||||||
2,959 | Ameriprise Financial, Inc. | 493 | ||||||
17,830 | Bank of New York Mellon Corp. | 897 | ||||||
5,244 | BGC Partners, Inc., Class – A | 31 | ||||||
2,156 | BlackRock, Inc., Class – A | 1,084 | ||||||
8,807 | CBOE Global Markets, Inc. | 1,057 | ||||||
9,456 | CME Group, Inc. | 1,898 | ||||||
5,495 | E*Trade Financial Corp. | 250 | ||||||
2,140 | Eaton Vance Corp. | 100 | ||||||
1,151 | Evercore, Inc., Class – A | 86 | ||||||
2,202 | FactSet Research Systems, Inc. | 591 | ||||||
5,056 | Franklin Resources, Inc. | 131 | ||||||
5,904 | Goldman Sachs Group, Inc. | 1,358 | ||||||
58,000 | Interactive Brokers Group, Inc., Class – A | 2,704 | ||||||
21,665 | Intercontinental Exchange, Inc. | 2,004 | ||||||
7,854 | Invesco Ltd. | 140 | ||||||
3,121 | Janus Henderson Group PLC | 76 | ||||||
2,659 | Lazard Ltd., Class – A | 107 | ||||||
1,615 | Legg Mason, Inc. | 58 |
Shares | Security Description | Value (000) | ||||||
Capital Markets (continued) |
| |||||||
3,844 | LPL Financial Holdings, Inc. | $ | 354 | |||||
3,410 | MarketAxess Holdings, Inc. | 1,293 | ||||||
7,974 | Moody’s Corp. | 1,893 | ||||||
21,670 | Morgan Stanley | 1,108 | ||||||
922 | Morningstar, Inc. | 139 | ||||||
3,895 | MSCI, Inc. Common | 1,005 | ||||||
5,475 | Nasdaq, Inc. | 586 | ||||||
3,644 | Northern Trust Corp. | 387 | ||||||
3,037 | Raymond James Financial, Inc. | 272 | ||||||
28,456 | S&P Global, Inc. | 7,770 | ||||||
4,120 | SEI Investments Co. | 270 | ||||||
6,792 | State Street Corp. | 537 | ||||||
6,162 | T. Rowe Price Group, Inc. | 751 | ||||||
11,885 | TD Ameritrade Holding Corp. | 591 | ||||||
42,681 | The Charles Schwab Corp. | 2,030 | ||||||
1,585 | Virtu Financial, Inc., Class – A | 26 | ||||||
|
| |||||||
32,162 | ||||||||
|
| |||||||
Chemicals — 1.30% |
| |||||||
5,793 | Air Products & Chemicals, Inc. | 1,361 | ||||||
1,739 | Albemarle Corp. | 127 | ||||||
1,180 | Ashland Global Holdings, Inc. | 90 | ||||||
18,563 | Axalta Coating Systems Ltd. (a) | 565 | ||||||
1,120 | Cabot Corp. | 53 | ||||||
2,244 | Celanese Corp., Series A | 276 | ||||||
4,580 | CF Industries Holdings, Inc. | 219 | ||||||
13,706 | Corteva, Inc. | 405 | ||||||
13,733 | Dow, Inc. | 752 | ||||||
13,431 | DuPont de Nemours, Inc. | 862 | ||||||
2,420 | Eastman Chemical Co. | 192 | ||||||
14,226 | Ecolab, Inc. | 2,746 | ||||||
7,232 | Element Solutions, Inc. (a) | 85 | ||||||
2,319 | FMC Corp. | 231 | ||||||
4,138 | Huntsman Corp. | 100 | ||||||
5,067 | International Flavors & Fragrances, Inc. | 654 | ||||||
10,746 | Linde PLC | 2,288 | ||||||
4,825 | LyondellBasell Industries N.V., Class – A | 456 | ||||||
293 | NewMarket Corp. | 143 | ||||||
3,138 | Olin Corp. | 54 | ||||||
8,058 | PPG Industries, Inc. | 1,075 | ||||||
6,325 | RPM International, Inc. | 485 | ||||||
3,274 | The Chemours Co. | 59 | ||||||
6,792 | The Mosaic Co. | 147 | ||||||
1,908 | The ScottsMiracle-Gro Co. | 202 | ||||||
8,694 | The Sherwin-Williams Co. | 5,074 | ||||||
3,584 | Valvoline, Inc. | 77 | ||||||
2,495 | W.R. Grace & Co. | 174 | ||||||
690 | Westlake Chemical Corp. | 48 | ||||||
|
| |||||||
19,000 | ||||||||
|
| |||||||
Commercial Services & Supplies — 0.50% |
| |||||||
735 | ADT, Inc. | 6 | ||||||
4,088 | Cintas Corp. | 1,100 | ||||||
978 | Clean Harbors, Inc. (a) | 84 | ||||||
9,647 | Copart, Inc. (a) | 877 | ||||||
5,975 | IAA, Inc. (a) | 281 | ||||||
6,021 | KAR Auction Services, Inc. | 132 |
See accompanying notes to financial statements.
29
HC CAPITAL TRUST
The Institutional Growth Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) |
| |||||||
Commercial Services & Supplies (continued) |
| |||||||
11,416 | Republic Services, Inc., Class – A | $ | 1,023 | |||||
16,734 | Rollins, Inc. | 554 | ||||||
1,636 | Stericycle, Inc. (a) | 104 | ||||||
6,353 | Waste Connections, Inc. | 577 | ||||||
22,865 | Waste Management, Inc. | 2,607 | ||||||
|
| |||||||
7,345 | ||||||||
|
| |||||||
Communications Equipment — 0.95% |
| |||||||
2,921 | Arista Networks, Inc. (a) | 595 | ||||||
2,878 | Ciena Corp. (a) | 123 | ||||||
207,713 | Cisco Systems, Inc. | 9,960 | ||||||
3,602 | Commscope Holding, Inc. (a) | 51 | ||||||
917 | EchoStar Corp., Class – A (a) | 40 | ||||||
2,637 | F5 Networks, Inc. (a) | 368 | ||||||
5,842 | Juniper Networks, Inc. | 144 | ||||||
8,640 | Motorola Solutions, Inc. | 1,393 | ||||||
4,588 | Palo Alto Networks, Inc. (a) | 1,061 | ||||||
624 | Ubiquiti, Inc. | 118 | ||||||
1,048 | ViaSat, Inc. (a) | 77 | ||||||
|
| |||||||
13,930 | ||||||||
|
| |||||||
Construction & Engineering — 0.04% |
| |||||||
2,966 | AECOM (a) | 128 | ||||||
2,751 | Fluor Corp. | 52 | ||||||
2,430 | Jacobs Engineering Group, Inc. | 218 | ||||||
3,389 | Quanta Services, Inc. | 138 | ||||||
414 | Valmont Industries, Inc. | 62 | ||||||
|
| |||||||
598 | ||||||||
|
| |||||||
Construction Materials — 0.32% |
| |||||||
1,934 | Eagle Materials, Inc., Class – A | 175 | ||||||
12,891 | Martin Marietta Materials, Inc. | 3,605 | ||||||
5,963 | Vulcan Materials Co. | 859 | ||||||
|
| |||||||
4,639 | ||||||||
|
| |||||||
Consumer Finance — 0.40% |
| |||||||
7,044 | Ally Financial, Inc. | 215 | ||||||
23,782 | American Express Co. | 2,963 | ||||||
8,361 | Capital One Financial Corp. | 860 | ||||||
481 | Credit Acceptance Corp. (a) | 212 | ||||||
9,351 | Discover Financial Services | 793 | ||||||
2,842 | Navient Corp. | 39 | ||||||
1,367 | OneMain Holdings, Inc. | 58 | ||||||
2,194 | Santander Consumer USA Holdings, Inc. | 51 | ||||||
8,247 | SLM Corp. | 73 | ||||||
18,035 | Synchrony Financial | 649 | ||||||
|
| |||||||
5,913 | ||||||||
|
| |||||||
Containers & Packaging — 0.31% |
| |||||||
2,005 | AptarGroup, Inc. | 232 | ||||||
155 | Ardagh Group SA | 3 | ||||||
3,838 | Avery Dennison Corp. | 502 | ||||||
22,976 | Ball Corp. | 1,485 | ||||||
4,212 | Berry Global Group, Inc. (a) | 200 | ||||||
7,633 | Crown Holdings, Inc. (a) | 554 | ||||||
5,715 | Graphic Packaging Holding Co. | 95 | ||||||
7,225 | International Paper Co. | 333 | ||||||
3,033 | O-I Glass, Inc. | 36 |
Shares | Security Description | Value (000) | ||||||
Containers & Packaging (continued) |
| |||||||
1,639 | Packaging Corporation of America | $ | 184 | |||||
15,499 | Sealed Air Corp. | 618 | ||||||
1,479 | Silgan Holdings | 46 | ||||||
1,621 | Sonoco Products Co. | 100 | ||||||
4,875 | WestRock Co. | 209 | ||||||
|
| |||||||
4,597 | ||||||||
|
| |||||||
Distributors — 0.28% |
| |||||||
6,848 | Genuine Parts Co. | 728 | ||||||
81,324 | LKQ Corp. (a) | 2,903 | ||||||
1,897 | Pool Corp. | 403 | ||||||
|
| |||||||
4,034 | ||||||||
|
| |||||||
Diversified Consumer Services — 0.46% |
| |||||||
2,824 | Bright Horizons Family Solutions, Inc. (a) | 425 | ||||||
61,689 | Frontdoor, Inc. (a) | 2,925 | ||||||
78 | Graham Holdings Co. | 50 | ||||||
983 | Grand Canyon Education, Inc. (a) | 94 | ||||||
4,972 | H&R Block, Inc. | 117 | ||||||
154,126 | Laureate Education, Inc., Class – A (a) | 2,713 | ||||||
5,146 | Service Corporation International | 237 | ||||||
3,154 | ServiceMaster Global Holdings, Inc. (a) | 122 | ||||||
|
| |||||||
6,683 | ||||||||
|
| |||||||
Diversified Financial Services — 0.58% |
| |||||||
7,057 | AXA Equitable Holdings, Inc. | 175 | ||||||
35,653 | Berkshire Hathaway, Inc., Class – B (a) | 8,074 | ||||||
4,752 | Jefferies Financial Group, Inc. | 102 | ||||||
2,776 | Voya Financial, Inc. | 170 | ||||||
|
| |||||||
8,521 | ||||||||
|
| |||||||
Diversified Telecommunication Services — 0.85% |
| |||||||
147,960 | AT&T, Inc. | 5,781 | ||||||
19,984 | CenturyLink, Inc. | 264 | ||||||
86,963 | Verizon Communications, Inc. | 5,340 | ||||||
27,856 | Zayo Group Holdings, Inc. (a) | 966 | ||||||
|
| |||||||
12,351 | ||||||||
|
| |||||||
Electric Utilities — 1.57% |
| |||||||
19,547 | Alliant Energy Corp. | 1,069 | ||||||
18,133 | American Electric Power, Inc. | 1,714 | ||||||
1,053 | Avangrid, Inc. | 54 | ||||||
22,932 | Duke Energy Corp. | 2,092 | ||||||
16,951 | Edison International | 1,279 | ||||||
10,606 | Entergy Corp. | 1,271 | ||||||
17,618 | Evergy, Inc. | 1,147 | ||||||
15,718 | Eversource Energy | 1,337 | ||||||
35,400 | Exelon Corp. | 1,614 | ||||||
26,466 | FirstEnergy Corp. | 1,287 | ||||||
2,052 | Hawaiian Electric Industries, Inc. | 96 | ||||||
942 | IDACORP, Inc. | 101 | ||||||
12,424 | NextEra Energy, Inc. | 3,008 | ||||||
21,543 | OGE Energy Corp. | 958 | ||||||
9,797 | PG&E Corp. (a) | 106 | ||||||
11,315 | Pinnacle West Capital Corp. | 1,018 | ||||||
36,238 | PPL Corp. | 1,300 | ||||||
32,876 | The Southern Co. | 2,093 | ||||||
23,018 | Xcel Energy, Inc. | 1,461 | ||||||
|
| |||||||
23,005 | ||||||||
|
|
See accompanying notes to financial statements.
30
HC CAPITAL TRUST
The Institutional Growth Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) |
| |||||||
Electrical Equipment — 0.31% |
| |||||||
1,083 | Acuity Brands, Inc. | $ | 149 | |||||
9,482 | AMETEK, Inc. | 945 | ||||||
7,742 | Eaton Corp. PLC | 733 | ||||||
12,627 | Emerson Electric Co. | 964 | ||||||
1,000 | GrafTech International Ltd. | 12 | ||||||
1,785 | Hubbell, Inc. | 263 | ||||||
3,050 | nVent Electric PLC | 78 | ||||||
821 | Regal-Beloit Corp. | 70 | ||||||
5,634 | Rockwell Automation, Inc. | 1,143 | ||||||
5,006 | Sensata Technologies Holding PLC (a) | 270 | ||||||
|
| |||||||
4,627 | ||||||||
|
| |||||||
Electronic Equipment, Instruments & Components — 0.45% |
| |||||||
14,143 | Amphenol Corp., Class – A | 1,533 | ||||||
1,606 | Arrow Electronics, Inc. (a) | 136 | ||||||
1,675 | Avnet, Inc. | 71 | ||||||
6,945 | CDW Corporation of Delaware | 993 | ||||||
8,107 | Cognex Corp. | 454 | ||||||
459 | Coherent, Inc. (a) | 76 | ||||||
21,475 | Corning, Inc. | 625 | ||||||
1,493 | Dolby Laboratories, Inc., Class – A | 103 | ||||||
2,898 | FLIR Systems, Inc. | 151 | ||||||
781 | IPG Photonics Corp. (a) | 113 | ||||||
3,920 | Jabil, Inc. | 162 | ||||||
8,958 | Keysight Technologies, Inc. (a) | 919 | ||||||
457 | Littelfuse, Inc. | 87 | ||||||
2,362 | National Instruments Corp. | 100 | ||||||
780 | SYNNEX Corp. | 100 | ||||||
6,174 | Trimble, Inc. (a) | 257 | ||||||
2,605 | Zebra Technologies Corp., Class – A (a) | 665 | ||||||
|
| |||||||
6,545 | ||||||||
|
| |||||||
Energy Equipment & Services — 0.14% |
| |||||||
1,556 | Apergy Corp. (a) | 53 | ||||||
11,322 | Baker Hughes, Inc. | 290 | ||||||
15,431 | Halliburton Co. | 378 | ||||||
2,070 | Helmerich & Payne, Inc. | 94 | ||||||
7,394 | National Oilwell Varco, Inc. | 185 | ||||||
4,090 | Patterson-UTI Energy, Inc. | 43 | ||||||
24,797 | Schlumberger Ltd. | 996 | ||||||
10,013 | Transocean Ltd. (a) | 69 | ||||||
|
| |||||||
2,108 | ||||||||
|
| |||||||
Entertainment — 2.14% |
| |||||||
14,817 | Activision Blizzard, Inc. | 880 | ||||||
2,031 | Cinemark Holdings, Inc. | 69 | ||||||
13,296 | Electronic Arts, Inc. (a) | 1,429 | ||||||
433 | Liberty Media Corp. – Liberty Formula One, Class – A (a) | 19 | ||||||
3,747 | Liberty Media Corp. – Liberty Formula One, Class – C (a) | 172 | ||||||
337 | Lions Gate Entertainment Corp., Class – A (a) | 4 | ||||||
1,899 | Lions Gate Entertainment Corp., Class – B (a) | 18 | ||||||
46,454 | Live Nation Entertainment, Inc. (a) | 3,320 | ||||||
43,743 | Netflix, Inc. (a) | 14,155 | ||||||
71,645 | Sea Ltd., ADR (a) | 2,882 |
Shares | Security Description | Value (000) | ||||||
Entertainment (continued) |
| |||||||
5,636 | Spotify Technology SA (a) | $ | 843 | |||||
3,570 | Take-Two Interactive Software, Inc. (a) | 437 | ||||||
410 | The Madison Square Garden Co., Class – A (a) | 121 | ||||||
46,072 | The Walt Disney Co. | 6,664 | ||||||
2,196 | World Wrestling Entertainment, Inc., Class – A | 142 | ||||||
20,327 | Zynga, Inc. (a) | 124 | ||||||
|
| |||||||
31,279 | ||||||||
|
| |||||||
Equity Real Estate Investment Trusts — 3.97% |
| |||||||
5,810 | Alexandria Real Estate Equities, Inc. | 939 | ||||||
2,582 | American Campus Communities, Inc. | 121 | ||||||
8,362 | American Homes 4 Rent, Class – A | 220 | ||||||
29,902 | American Tower Corp. | 6,870 | ||||||
9,324 | Americold Realty Trust | 327 | ||||||
2,492 | Apartment Investment & Management Co. | 129 | ||||||
4,117 | Apple Hospitality REIT, Inc. | 67 | ||||||
5,816 | AvalonBay Communities, Inc. | 1,220 | ||||||
6,881 | Boston Properties, Inc. | 949 | ||||||
3,350 | Brandywine Realty Trust | 53 | ||||||
4,845 | Brixmor Property Group, Inc. | 105 | ||||||
3,966 | Brookfield Property REIT, Inc., Class – A | 73 | ||||||
8,056 | Camden Property Trust | 854 | ||||||
9,196 | Colony Capital, Inc. | 44 | ||||||
2,257 | Columbia Property Trust, Inc. | 47 | ||||||
1,522 | Coresite Realty Corp. | 170 | ||||||
1,968 | Corporate Office Properties Trust | 58 | ||||||
2,721 | Cousins Properties, Inc. | 112 | ||||||
30,947 | Crown Castle International Corp. | 4,398 | ||||||
3,516 | CubeSmart | 111 | ||||||
1,981 | CyrusOne, Inc. | 130 | ||||||
8,941 | Digital Realty Trust, Inc. | 1,071 | ||||||
3,046 | Douglas Emmett, Inc. | 134 | ||||||
23,662 | Duke Realty Corp. | 821 | ||||||
2,697 | Empire State Realty Trust, Inc., Class – A | 38 | ||||||
1,398 | EPR Properties | 99 | ||||||
5,210 | Equinix, Inc. | 3,040 | ||||||
2,230 | Equity Commonwealth | 73 | ||||||
18,562 | Equity Lifestyle Properties, Inc. | 1,306 | ||||||
15,183 | Equity Residential | 1,229 | ||||||
3,496 | Essex Property Trust, Inc. | 1,052 | ||||||
12,763 | Extra Space Storage, Inc. | 1,348 | ||||||
6,403 | Federal Realty Investment Trust | 825 | ||||||
3,819 | Gaming & Leisure Properties, Inc. | 164 | ||||||
3,346 | Healthcare Trust of America, Inc., Class – A | 101 | ||||||
31,004 | Healthpeak Properties, Inc. | 1,068 | ||||||
1,926 | Highwoods Properties, Inc. | 94 | ||||||
27,029 | Host Hotels & Resorts, Inc. | 501 | ||||||
2,923 | Hudson Pacific Property, Inc. | 110 | ||||||
33,121 | Invitation Homes, Inc. | 993 | ||||||
25,016 | Iron Mountain, Inc. | 797 | ||||||
2,302 | JBG SMITH Properties | 92 | ||||||
1,915 | Kilroy Realty Corp. | 161 | ||||||
36,112 | Kimco Realty Corp. | 747 | ||||||
4,132 | Lamar Advertising Co., Class – A | 369 | ||||||
12,674 | Liberty Property Trust | 761 | ||||||
868 | Life Storage, Inc. | 94 |
See accompanying notes to financial statements.
31
HC CAPITAL TRUST
The Institutional Growth Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) |
| |||||||
Equity Real Estate Investment Trusts (continued) |
| |||||||
39,235 | Medical Properties Trust, Inc. | $ | 828 | |||||
7,058 | Mid-America Apartment Communities, Inc. | 931 | ||||||
16,402 | National Retail Properties, Inc. | 879 | ||||||
20,384 | OMEGA Healthcare Investors, Inc. | 863 | ||||||
3,321 | Outfront Media, Inc. | 89 | ||||||
3,906 | Paramount Group, Inc. | 54 | ||||||
3,812 | Parks Hotels & Resorts, Inc. | 99 | ||||||
16,929 | Prologis, Inc. | 1,509 | ||||||
9,804 | Public Storage | 2,088 | ||||||
2,447 | Rayonier, Inc. | 80 | ||||||
15,308 | Realty Income Corp. | 1,127 | ||||||
13,147 | Regency Centers Corp. | 830 | ||||||
4,119 | Retail Properties of America, Inc., Class – A | 55 | ||||||
8,248 | SBA Communications Corp. | 1,988 | ||||||
3,086 | Service Properties Trust | 75 | ||||||
18,026 | Simon Property Group, Inc. | 2,686 | ||||||
2,930 | SITE Centers Corp. | 41 | ||||||
7,942 | SL Green Realty Corp. | 730 | ||||||
1,626 | Spirit Realty Capital, Inc. | 80 | ||||||
3,733 | Store Capital Corp. | 139 | ||||||
6,911 | Sun Communities, Inc. | 1,037 | ||||||
1,129 | Taubman Centers, Inc. | 35 | ||||||
2,572 | The Macerich Co. | 69 | ||||||
20,374 | UDR, Inc. | 952 | ||||||
20,344 | Ventas, Inc. | 1,175 | ||||||
84,153 | VEREIT, Inc. | 778 | ||||||
34,133 | VICI Properties, Inc. | 872 | ||||||
12,325 | Vornado Realty Trust | 820 | ||||||
2,270 | Weingarten Realty Investors | 71 | ||||||
16,181 | Welltower, Inc. | 1,323 | ||||||
23,815 | Weyerhaeuser Co. | 720 | ||||||
12,028 | WP Carey, Inc. | 963 | ||||||
|
| |||||||
58,071 | ||||||||
|
| |||||||
Food & Staples Retailing — 1.27% |
| |||||||
978 | Casey’s General Stores, Inc. | 156 | ||||||
33,706 | Costco Wholesale Corp. | 9,906 | ||||||
225 | Grocery Outlet Holding Corp. (a) | 7 | ||||||
3,646 | Sprouts Farmers Market, Inc. (a) | 71 | ||||||
30,924 | Sysco Corp. | 2,646 | ||||||
35,494 | The Kroger Co. | 1,029 | ||||||
4,081 | US Foods Holding Corp. (a) | 171 | ||||||
15,266 | Walgreens Boots Alliance, Inc. | 900 | ||||||
30,418 | Wal-Mart Stores, Inc. | 3,614 | ||||||
|
| |||||||
18,500 | ||||||||
|
| |||||||
Food Products — 1.23% |
| |||||||
20,819 | Archer-Daniels-Midland Co. | 965 | ||||||
834 | Beyond Meat, Inc. (a) | 63 | ||||||
14,163 | Bunge Ltd. | 815 | ||||||
22,327 | Campbell Soup Co. | 1,105 | ||||||
28,516 | ConAgra Foods, Inc. | 976 | ||||||
3,564 | Flowers Foods, Inc. | 77 | ||||||
24,355 | General Mills, Inc. | 1,304 | ||||||
11,494 | Hershey Co. | 1,690 | ||||||
19,960 | Hormel Foods Corp. | 901 |
Shares | Security Description | Value (000) | ||||||
Food Products (continued) |
| |||||||
8,136 | Ingredion, Inc. | $ | 756 | |||||
18,263 | Kellogg Co. | 1,262 | ||||||
11,958 | Lamb Weston Holding, Inc. | 1,029 | ||||||
8,588 | McCormick & Company, Inc. | 1,458 | ||||||
36,761 | Mondelez International, Inc., Class – A | 2,026 | ||||||
1,705 | Pilgrim’s Pride Corp. (a) | 55 | ||||||
2,066 | Post Holdings, Inc. (a) | 225 | ||||||
6 | Seaboard Corp. | 26 | ||||||
1,767 | The Hain Celestial Group, Inc. (a) | 46 | ||||||
8,994 | The J.M. Smucker Co. | 936 | ||||||
30,495 | The Kraft Heinz Co. | 979 | ||||||
1,329 | TreeHouse Foods, Inc. (a) | 64 | ||||||
12,291 | Tyson Foods, Inc., Class – A | 1,119 | ||||||
|
| |||||||
17,877 | ||||||||
|
| |||||||
Gas Utilities — 0.14% |
| |||||||
9,564 | Atmos Energy Corp. | 1,070 | ||||||
1,538 | National Fuel Gas Co. | 72 | ||||||
20,575 | UGI Corp. | 929 | ||||||
|
| |||||||
2,071 | ||||||||
|
| |||||||
Health Care Equipment & Supplies — 3.06% |
| |||||||
53,781 | Abbott Laboratories | 4,672 | ||||||
2,173 | Abiomed, Inc. (a) | 370 | ||||||
3,807 | Align Technology, Inc. (a) | 1,063 | ||||||
17,855 | Baxter International, Inc. | 1,493 | ||||||
5,966 | Becton, Dickinson & Co. | 1,622 | ||||||
84,202 | Boston Scientific Corp. (a) | 3,807 | ||||||
1,291 | Cantel Medical Corp. | 92 | ||||||
24,573 | Danaher Corp. | 3,772 | ||||||
13,082 | Dentsply Sirona, Inc. | 740 | ||||||
9,867 | Dexcom, Inc. (a) | 2,158 | ||||||
16,427 | Edwards Lifesciences Corp. (a) | 3,832 | ||||||
5,267 | Envista Holdings Corp. (a) | 156 | ||||||
2,134 | Hill-Rom Holdings, Inc. | 242 | ||||||
13,564 | Hologic, Inc. (a) | 707 | ||||||
660 | ICU Medical, Inc. (a) | 124 | ||||||
4,068 | IDEXX Laboratories, Inc. (a) | 1,062 | ||||||
2,811 | Insulet Corp. (a) | 481 | ||||||
1,346 | Integra LifeSciences Holdings Corp. (a) | 78 | ||||||
9,414 | Intuitive Surgical, Inc. (a) | 5,566 | ||||||
2,203 | Masimo Corp. (a) | 348 | ||||||
28,375 | Medtronic PLC | 3,221 | ||||||
1,508 | Penumbra, Inc. (a) | 248 | ||||||
7,321 | ResMed, Inc. | 1,135 | ||||||
3,561 | STERIS PLC | 542 | ||||||
16,659 | Stryker Corp. | 3,498 | ||||||
2,183 | Teleflex, Inc. | 822 | ||||||
1,709 | The Cooper Cos., Inc. | 549 | ||||||
5,145 | Varian Medical Systems, Inc. (a) | 731 | ||||||
4,745 | West Pharmaceutical Services, Inc. | 713 | ||||||
4,657 | Zimmer Biomet Holdings, Inc. | 697 | ||||||
|
| |||||||
44,541 | ||||||||
|
| |||||||
Health Care Providers & Services — 2.23% |
| |||||||
1,651 | Acadia Healthcare Company, Inc. (a) | 55 | ||||||
9,417 | AmerisourceBergen Corp. | 801 | ||||||
7,991 | Anthem, Inc. | 2,414 |
See accompanying notes to financial statements.
32
HC CAPITAL TRUST
The Institutional Growth Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) |
| |||||||
Health Care Providers & Services (continued) |
| |||||||
8,030 | Cardinal Health, Inc. | $ | 406 | |||||
17,371 | Centene Corp. (a) | 1,092 | ||||||
761 | Chemed Corp. | 334 | ||||||
11,548 | Cigna Corp. | 2,362 | ||||||
1,196 | Covetrus, Inc. (a) | 16 | ||||||
27,365 | CVS Health Corp. | 2,033 | ||||||
1,868 | DaVita, Inc. (a) | 140 | ||||||
3,353 | Encompass Health Corp. | 232 | ||||||
1,692 | Guardant Health, Inc. (a) | 132 | ||||||
11,493 | HCA Holdings, Inc. | 1,699 | ||||||
8,786 | Henry Schein, Inc. (a) | 586 | ||||||
5,568 | Humana, Inc. | 2,040 | ||||||
3,894 | Laboratory Corporation of America Holdings (a) | 659 | ||||||
6,465 | McKesson Corp. | 894 | ||||||
1,786 | MEDNAX, Inc. (a) | 50 | ||||||
2,652 | Molina Heathcare, Inc. (a) | 359 | ||||||
1,003 | Premier, Inc., Class – A (a) | 38 | ||||||
6,947 | Quest Diagnostics, Inc. | 742 | ||||||
46,638 | UnitedHealth Group, Inc. | 13,711 | ||||||
5,148 | Universal Health Services, Inc., Class – B | 739 | ||||||
3,287 | WellCare Health Plans, Inc. (a) | 1,085 | ||||||
|
| |||||||
32,619 | ||||||||
|
| |||||||
Health Care Technology — 0.15% |
| |||||||
17,231 | Cerner Corp. | 1,264 | ||||||
1,435 | Change Healthcare, Inc. (a) | 24 | ||||||
6,241 | Veeva Systems, Inc. (a) | 878 | ||||||
|
| |||||||
2,166 | ||||||||
|
| |||||||
Hotels, Restaurants & Leisure — 2.50% |
| |||||||
10,585 | Aramark | 460 | ||||||
10,893 | Caesars Entertainment Corp. (a) | 148 | ||||||
7,063 | Carnival Corp., Class – A | 359 | ||||||
4,071 | Chipotle Mexican Grill, Inc. (a) | 3,408 | ||||||
899 | Choice Hotels International, Inc. | 93 | ||||||
10,240 | Darden Restaurants, Inc. | 1,116 | ||||||
3,578 | Domino’s Pizza, Inc. | 1,051 | ||||||
3,872 | Dunkin’ Brands Group, Inc. | 293 | ||||||
3,595 | Extended Stay America, Inc. | 53 | ||||||
1,627 | Hilton Grand Vacations (a) | 56 | ||||||
40,668 | Hilton Worldwide Holdings, Inc. | 4,511 | ||||||
765 | Hyatt Hotels Corp., Class – A | 69 | ||||||
1,904 | International Game Technology PLC | 29 | ||||||
11,204 | Las Vegas Sands Corp. | 774 | ||||||
23,165 | Marriott International, Inc., Class – A | 3,507 | ||||||
20,784 | McDonald’s Corp. | 4,108 | ||||||
95,221 | MGM Resorts International | 3,167 | ||||||
5,141 | Norwegian Cruise Line Holdings Ltd. (a) | 300 | ||||||
4,096 | Planet Fitness, Inc., Class – A (a) | 306 | ||||||
38,503 | Restaurant Brands International, Inc. | 2,455 | ||||||
3,043 | Royal Caribbean Cruises Ltd. | 406 | ||||||
1,646 | Six Flags Entertainment Corp. | 75 | ||||||
63,344 | Starbucks Corp. | 5,569 | ||||||
8,912 | The Wendy’s Co. | 198 | ||||||
1,846 | Vail Resorts, Inc. | 442 | ||||||
1,821 | Wyndham Destinations, Inc. | 94 |
Shares | Security Description | Value (000) | ||||||
Hotels, Restaurants & Leisure (continued) |
| |||||||
2,655 | Wyndham Hotels & Resorts, Inc. | $ | 167 | |||||
4,097 | Wynn Resorts Ltd. | 569 | ||||||
15,296 | Yum China Holdings, Inc. | 734 | ||||||
19,198 | YUM! Brands, Inc. | 1,933 | ||||||
|
| |||||||
36,450 | ||||||||
|
| |||||||
Household Durables — 0.35% |
| |||||||
11,878 | D.R. Horton, Inc. | 626 | ||||||
5,965 | Garmin Ltd. | 582 | ||||||
2,484 | Leggett & Platt, Inc. | 126 | ||||||
13,417 | Lennar Corp., Class – A | 748 | ||||||
406 | Lennar Corp., Class – B | 18 | ||||||
1,034 | Mohawk Industries, Inc. (a) | 141 | ||||||
6,277 | Newell Brands, Inc. | 121 | ||||||
300 | NVR, Inc. (a) | 1,144 | ||||||
15,715 | PulteGroup, Inc. | 610 | ||||||
4,014 | Roku, Inc. (a) | 537 | ||||||
2,203 | Tempur Sealy International, Inc. (a) | 192 | ||||||
2,585 | Toll Brothers, Inc. | 102 | ||||||
1,187 | Whirlpool Corp. | 175 | ||||||
|
| |||||||
5,122 | ||||||||
|
| |||||||
Household Products — 0.91% |
| |||||||
21,993 | Church & Dwight Co., Inc. | 1,547 | ||||||
24,786 | Colgate-Palmolive Co. | 1,707 | ||||||
1,185 | Energizer Holdings, Inc. | 60 | ||||||
11,121 | Kimberly-Clark Corp. | 1,530 | ||||||
588 | Spectrum Brands Holdings, Inc. | 38 | ||||||
10,199 | The Clorox Co. | 1,566 | ||||||
54,778 | The Procter & Gamble Co. | 6,840 | ||||||
|
| |||||||
13,288 | ||||||||
|
| |||||||
Independent Power and Renewable Electricity Producers — 0.13% |
| |||||||
12,919 | NRG Energy, Inc., Class – C | 514 | ||||||
42,846 | The AES Corp. | 852 | ||||||
26,077 | Vistra Energy Corp. | 600 | ||||||
|
| |||||||
1,966 | ||||||||
|
| |||||||
Industrial Conglomerates — 0.77% |
| |||||||
23,088 | 3M Co. | 4,074 | ||||||
2,407 | Carlisle Cos., Inc. | 389 | ||||||
157,469 | General Electric Co. | 1,757 | ||||||
23,628 | Honeywell International, Inc. | 4,183 | ||||||
2,308 | Roper Industries, Inc. | 817 | ||||||
|
| |||||||
11,220 | ||||||||
|
| |||||||
Insurance — 2.04% |
| |||||||
22,566 | Aflac, Inc. | 1,194 | ||||||
927 | Alleghany Corp. (a) | 742 | ||||||
10,132 | Allstate Corp. | 1,139 | ||||||
4,987 | American Financial Group, Inc. | 547 | ||||||
21,345 | American International Group, Inc. | 1,096 | ||||||
157 | American National Insurance Co. | 18 | ||||||
13,467 | Aon PLC | 2,804 | ||||||
20,568 | Arch Capital Group Ltd. (a) | 882 | ||||||
8,889 | Arthur J. Gallagher & Co. | 846 | ||||||
4,003 | Assurant, Inc. | 525 | ||||||
1,569 | Assured Guaranty Ltd. | 77 | ||||||
4,446 | Athene Holding Ltd. (a) | 209 |
See accompanying notes to financial statements.
33
HC CAPITAL TRUST
The Institutional Growth Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) |
| |||||||
Insurance (continued) |
| |||||||
1,869 | AXIS Capital Holdings Ltd. | $ | 111 | |||||
2,278 | Brighthouse Financial, Inc. (a) | 89 | ||||||
17,714 | Brown & Brown, Inc. | 699 | ||||||
11,854 | Chubb Ltd. | 1,845 | ||||||
7,032 | Cincinnati Financial Corp. | 740 | ||||||
569 | CNA Financial Corp. | 25 | ||||||
4,154 | Erie Indemnity Co., Class – A | 690 | ||||||
3,460 | Everest Re Group Ltd. | 958 | ||||||
2,058 | First American Financial Corp. | 120 | ||||||
16,193 | FNF Group | 735 | ||||||
3,625 | Globe Life, Inc. | 381 | ||||||
13,168 | Hartford Financial Services Group, Inc. | 800 | ||||||
1,503 | Kemper Corp. | 117 | ||||||
3,558 | Lincoln National Corp. | 210 | ||||||
9,111 | Loews Corp. | 478 | ||||||
721 | Markel Corp. (a) | 824 | ||||||
26,326 | Marsh & McLennan Cos., Inc. | 2,931 | ||||||
527 | Mercury General Corp. | 26 | ||||||
14,368 | MetLife, Inc. | 732 | ||||||
5,358 | Old Republic International Corp. | 120 | ||||||
1,743 | Primerica, Inc. | 228 | ||||||
4,885 | Principal Financial Group, Inc. | 269 | ||||||
7,437 | Prudential Financial, Inc. | 697 | ||||||
2,619 | Reinsurance Group of America | 427 | ||||||
4,734 | RenaissanceRe Holdings Ltd. | 928 | ||||||
660 | The Hanover Insurance Group, Inc. | 90 | ||||||
19,861 | The Progressive Corp. | 1,438 | ||||||
9,611 | The Travelers Cos., Inc. | 1,316 | ||||||
3,867 | Unum Group | 113 | ||||||
11,367 | W.R. Berkley Corp. | 786 | ||||||
58 | White Mountains Insurance Group Ltd. | 65 | ||||||
4,541 | Willis Towers Watson PLC | 917 | ||||||
|
| |||||||
29,984 | ||||||||
|
| |||||||
Interactive Media & Services — 5.94% |
| |||||||
19,758 | Alphabet, Inc., Class – A (a) | 26,463 | ||||||
17,835 | Alphabet, Inc., Class – C (a) | 23,846 | ||||||
152,100 | Facebook, Inc., Class – A (a) | 31,219 | ||||||
14,438 | InterActive Corp. (a) | 3,597 | ||||||
2,543 | Match Group, Inc. (a) | 208 | ||||||
4,400 | TripAdvisor, Inc. | 134 | ||||||
36,727 | Twitter, Inc. (a) | 1,177 | ||||||
1,078 | Zillow Group, Inc., Class – A (a) | 49 | ||||||
2,303 | Zillow Group, Inc., Class – C (a) | 106 | ||||||
|
| |||||||
86,799 | ||||||||
|
| |||||||
Internet & Direct Marketing Retail — 4.94% |
| |||||||
39,056 | Alibaba Group Holding Ltd., ADR (a) | 8,284 | ||||||
26,074 | Amazon.com, Inc. (a) | 48,178 | ||||||
3,432 | Booking Holdings, Inc. (a) | 7,049 | ||||||
112,991 | eBay, Inc. | 4,081 | ||||||
67,632 | Etsy, Inc. (a) | 2,996 | ||||||
9,696 | Expedia Group, Inc. | 1,049 | ||||||
4,416 | GrubHub, Inc. (a) | 215 | ||||||
6,231 | Qurate Retail, Inc. (a) | 53 | ||||||
2,923 | Wayfair, Inc., Class – A (a) | 264 | ||||||
|
| |||||||
72,169 | ||||||||
|
|
Shares | Security Description | Value (000) | ||||||
IT Services — 7.71% |
| |||||||
30,847 | Accenture PLC, Class – A | $ | 6,495 | |||||
7,308 | Akamai Technologies, Inc. (a) | 631 | ||||||
857 | Alliance Data Systems Corp. | 96 | ||||||
2,349 | Amdocs Ltd. | 170 | ||||||
21,127 | Automatic Data Processing, Inc. | 3,602 | ||||||
13,761 | Black Knight, Inc. (a) | 887 | ||||||
11,214 | Booz Allen Hamilton Holding Corp. | 798 | ||||||
5,468 | Broadridge Financial Solutions, Inc. | 675 | ||||||
460 | CACI International, Inc., Class – A (a) | 115 | ||||||
12,796 | Cognizant Technology Solutions Corp. | 794 | ||||||
1,813 | CoreLogic, Inc. (a) | 79 | ||||||
78,112 | DXC Technology Co. | 2,936 | ||||||
2,543 | EPAM Systems, Inc. (a) | 540 | ||||||
2,343 | Euronet Worldwide, Inc. (a) | 369 | ||||||
43,703 | Fidelity National Information Services, Inc. | 6,079 | ||||||
51,358 | Fiserv, Inc. (a) | 5,938 | ||||||
19,840 | FleetCor Technologies, Inc. (a) | 5,708 | ||||||
4,191 | Gartner Group, Inc. (a) | 646 | ||||||
8,840 | Genpact Ltd. | 373 | ||||||
14,440 | Global Payments, Inc. | 2,637 | ||||||
47,847 | GoDaddy, Inc., Class – A (a) | 3,251 | ||||||
32,310 | International Business Machines Corp. | 4,331 | ||||||
5,791 | Jack Henry & Associates, Inc. | 844 | ||||||
3,506 | Leidos Holdings, Inc. | 343 | ||||||
75,425 | MasterCard, Inc., Class – A | 22,519 | ||||||
1,968 | MongoDB, Inc. (a) | 259 | ||||||
4,906 | Okta, Inc. (a) | 566 | ||||||
17,939 | Paychex, Inc. | 1,527 | ||||||
78,765 | PayPal Holdings, Inc. (a) | 8,521 | ||||||
5,838 | Sabre Corp. | 131 | ||||||
4,084 | Shopify, Inc. (a) | 1,624 | ||||||
27,770 | Square, Inc., Class – A (a) | 1,737 | ||||||
2,178 | Switch, Inc., Class – A | 32 | ||||||
5,145 | Teradata Corp. (a) | 138 | ||||||
13,297 | Twilio, Inc., Class – A (a) | 1,307 | ||||||
4,054 | VeriSign, Inc. (a) | 782 | ||||||
127,373 | Visa, Inc., Class – A | 23,930 | ||||||
25,034 | Western Union Co. | 671 | ||||||
2,044 | WEX, Inc. (a) | 429 | ||||||
|
| |||||||
112,510 | ||||||||
|
| |||||||
Leisure Products — 0.10% |
| |||||||
1,643 | Brunswick Corp. | 99 | ||||||
8,626 | Hasbro, Inc. | 912 | ||||||
14,117 | Mattel, Inc. (a) | 191 | ||||||
2,436 | Polaris Inc. | 247 | ||||||
|
| |||||||
1,449 | ||||||||
|
| |||||||
Life Sciences Tools & Services — 1.21% |
| |||||||
512 | Adaptive Biotechnologies (a) | 15 | ||||||
6,755 | Agilent Technologies, Inc. | 577 | ||||||
12,301 | Avantor, Inc. (a) | 223 | ||||||
356 | Bio-Rad Laboratories, Inc., Class – A (a) | 132 | ||||||
1,846 | Bio-Techne Corp. | 405 | ||||||
4,910 | Bruker Biosciences Corp. | 250 | ||||||
2,218 | Charles River Laboratories International, Inc. (a) | 338 | ||||||
14,151 | Illumina, Inc. (a) | 4,694 |
See accompanying notes to financial statements.
34
HC CAPITAL TRUST
The Institutional Growth Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) |
| |||||||
Life Sciences Tools & Services (continued) |
| |||||||
23,561 | IQVIA Holdings, Inc. (a) | $ | 3,642 | |||||
1,156 | Mettler-Toledo International, Inc. (a) | 917 | ||||||
2,888 | PerkinElmer, Inc. | 281 | ||||||
2,973 | PRA Health Sciences, Inc. (a) | 330 | ||||||
4,202 | Qiagen N.V. (a) | 142 | ||||||
15,434 | Thermo Fisher Scientific, Inc. | 5,014 | ||||||
3,257 | Waters Corp. (a) | 761 | ||||||
|
| |||||||
17,721 | ||||||||
|
| |||||||
Machinery — 1.11% |
| |||||||
1,007 | AGCO Corp. | 78 | ||||||
5,196 | Allison Transmission Holdings, Inc. | 251 | ||||||
11,210 | Caterpillar, Inc. | 1,656 | ||||||
1,621 | Colfax Corp. (a) | 59 | ||||||
989 | Crane Co. | 85 | ||||||
2,737 | Cummins, Inc. | 490 | ||||||
6,720 | Deere & Co. | 1,164 | ||||||
5,905 | Donaldson Cos., Inc. | 340 | ||||||
4,472 | Dover Corp. | 515 | ||||||
3,368 | Flowserve Corp. | 167 | ||||||
7,170 | Fortive Corp. | 548 | ||||||
2,402 | Gardner Denver Holdings, Inc. (a) | 88 | ||||||
304 | Gates Industrial Corp. PLC (a) | 4 | ||||||
8,145 | Graco, Inc. | 424 | ||||||
2,438 | IDEX Corp. | 419 | ||||||
15,571 | Illinois Tool Works, Inc. | 2,799 | ||||||
11,295 | Ingersoll-Rand PLC | 1,502 | ||||||
1,657 | ITT, Inc. | 122 | ||||||
2,648 | Lincoln Electric Holdings, Inc. | 256 | ||||||
2,522 | Nordson, Inc. | 410 | ||||||
1,334 | Oshkosh Corp. | 126 | ||||||
6,193 | PACCAR, Inc. | 490 | ||||||
2,336 | Parker Hannifin Corp. | 481 | ||||||
2,776 | Pentair PLC | 127 | ||||||
957 | Snap-on, Inc. | 162 | ||||||
2,764 | Stanley Black & Decker, Inc. | 458 | ||||||
4,832 | The Middleby Corp. (a) | 530 | ||||||
1,306 | The Timken Co. | 74 | ||||||
5,118 | The Toro Co. | 407 | ||||||
1,246 | Trinity Industries, Inc. | 28 | ||||||
5,427 | WABCO Holdings, Inc. (a) | 735 | ||||||
4,666 | Wabtec Corp. | 363 | ||||||
2,324 | Woodward, Inc. | 275 | ||||||
8,442 | Xylem, Inc. | 665 | ||||||
|
| |||||||
16,298 | ||||||||
|
| |||||||
Marine — 0.01% |
| |||||||
1,164 | Kirby Corp. (a) | 104 | ||||||
|
| |||||||
Media — 1.96% |
| |||||||
112,737 | Altice USA, Inc. (a) | 3,082 | ||||||
2,307 | AMC Networks, Inc. (a) | 91 | ||||||
212 | Cable One, Inc. | 316 | ||||||
11,543 | Charter Communications, Inc., Class – A (a) | 5,599 | ||||||
209,455 | Comcast Corp., Class – A | 9,421 | ||||||
6,537 | Discovery, Inc., Class – A (a) | 214 | ||||||
9,007 | Discovery, Inc., Class – C (a) | 274 |
Shares | Security Description | Value (000) | ||||||
Media (continued) |
| |||||||
4,660 | Dish Network Corp. (a) | $ | 165 | |||||
83,661 | Fox Corp., Class – A | 3,102 | ||||||
3,581 | Fox Corp., Class – B | 130 | ||||||
1,618 | GCI Liberty, Inc., Class – A (a) | 115 | ||||||
899 | John Wiley & Sons, Inc., Class – A | 44 | ||||||
487 | Liberty Broadband, Class – A (a) | 61 | ||||||
4,010 | Liberty Broadband, Class – C (a) | 504 | ||||||
5,938 | Liberty Global PLC, Class – A (a) | 135 | ||||||
5,599 | Liberty Global PLC, Class – C (a) | 122 | ||||||
9,996 | Liberty Media Corp. – Liberty SiriusXM, Class – A (a) | 483 | ||||||
10,960 | Liberty Media Corp. – Liberty SiriusXM, Class – C (a) | 528 | ||||||
2,341 | News Corp., Inc. | 34 | ||||||
7,241 | News Corp., Inc., Class – A | 102 | ||||||
1,928 | Nexstar Media Group, Inc., Class – A | 226 | ||||||
14,175 | Omnicom Group, Inc. | 1,148 | ||||||
2,921 | Sinclair Broadcast Group, Inc., Class – A | 97 | ||||||
101,189 | Sirius XM Holdings, Inc. | 723 | ||||||
22,422 | The Interpublic Group of Cos., Inc. | 518 | ||||||
3,980 | The New York Times Co., Class – A | 128 | ||||||
45 | ViacomCBS, Inc., Class – A | 2 | ||||||
29,744 | ViacomCBS, Inc., Class – B | 1,248 | ||||||
|
| |||||||
28,612 | ||||||||
|
| |||||||
Metals & Mining — 0.21% |
| |||||||
3,540 | Alcoa Corp. (a) | 76 | ||||||
25,583 | Freeport-McMoRan, Inc. | 336 | ||||||
37,375 | Newmont Corp. | 1,624 | ||||||
5,393 | Nucor Corp. | 304 | ||||||
1,242 | Reliance Steel & Aluminum Co. | 149 | ||||||
1,825 | Royal Gold, Inc. | 223 | ||||||
3,252 | Southern Copper Corp. | 138 | ||||||
3,475 | Steel Dynamics, Inc. | 118 | ||||||
3,353 | United States Steel Corp. | 38 | ||||||
|
| |||||||
3,006 | ||||||||
|
| |||||||
Mortgage Real Estate Investment Trusts — 0.17% |
| |||||||
53,719 | AGNC Investment Corp. | 949 | ||||||
108,106 | Annaly Capital Management, Inc. | 1,019 | ||||||
3,538 | Chimera Investment Corp. | 73 | ||||||
8,498 | MFA Financial, Inc. | 65 | ||||||
7,642 | New Residential Investment Corp. | 123 | ||||||
5,058 | Starwood Property Trust, Inc. | 126 | ||||||
4,669 | Two Harbors Investment Corp. | 68 | ||||||
|
| |||||||
2,423 | ||||||||
|
| |||||||
Multiline Retail — 0.40% |
| |||||||
14,456 | Dollar General Corp. | 2,255 | ||||||
13,211 | Dollar Tree, Inc. (a) | 1,242 | ||||||
2,768 | Kohl’s Corp. | 141 | ||||||
5,797 | Macy’s, Inc. | 99 | ||||||
5,465 | Nordstrom, Inc. | 223 | ||||||
2,641 | Ollie’s Bargain Outlet Holdings, Inc. (a) | 173 | ||||||
12,917 | Target Corp. | 1,656 | ||||||
|
| |||||||
5,789 | ||||||||
|
| |||||||
Multi-Utilities — 0.94% |
| |||||||
15,416 | Ameren Corp. | 1,184 |
See accompanying notes to financial statements.
35
HC CAPITAL TRUST
The Institutional Growth Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) |
| |||||||
Multi-Utilities (continued) |
| |||||||
39,316 | CenterPoint Energy, Inc. | $ | 1,073 | |||||
18,829 | CMS Energy Corp. | 1,184 | ||||||
15,561 | Consolidated Edison, Inc. | 1,408 | ||||||
24,958 | Dominion Energy, Inc. | 2,066 | ||||||
10,092 | DTE Energy Co. | 1,310 | ||||||
3,676 | MDU Resources Group, Inc. | 109 | ||||||
37,239 | NiSource, Inc. | 1,037 | ||||||
22,693 | Public Service Enterprise Group, Inc. | 1,340 | ||||||
10,412 | Sempra Energy | 1,578 | ||||||
15,323 | WEC Energy Group, Inc. | 1,412 | ||||||
|
| |||||||
13,701 | ||||||||
|
| |||||||
Oil, Gas & Consumable Fuels — 1.60% |
| |||||||
4,378 | Antero Midstream Corp. | 33 | ||||||
4,614 | Antero Resources Corp. (a) | 13 | ||||||
6,558 | Apache Corp. | 168 | ||||||
43,201 | Cabot Oil & Gas Corp. | 752 | ||||||
3,508 | Centennial Resource Development, Inc., Class – A (a) | 16 | ||||||
8,213 | Cheniere Energy, Inc. (a) | 501 | ||||||
19,330 | Chesapeake Energy Corp. (a) | 16 | ||||||
37,110 | Chevron Corp. | 4,472 | ||||||
1,859 | Cimarex Energy Co. | 98 | ||||||
3,514 | Concho Resources, Inc. | 308 | ||||||
20,284 | ConocoPhillips | 1,319 | ||||||
1,640 | Continental Resources, Inc. | 56 | ||||||
7,156 | Devon Energy Corp. | 186 | ||||||
4,032 | Diamondback Energy, Inc. | 374 | ||||||
10,387 | EOG Resources, Inc. | 870 | ||||||
4,857 | EQT Corp. | 53 | ||||||
4,668 | Equitrans Midstream Corp. | 63 | ||||||
81,304 | Exxon Mobil Corp. | 5,674 | ||||||
4,765 | Hess Corp. | 318 | ||||||
2,685 | HollyFrontier Corp. | 136 | ||||||
46,144 | Kinder Morgan, Inc. | 977 | ||||||
5,199 | Kosmos Energy Ltd. | 30 | ||||||
14,309 | Marathon Oil Corp. | 194 | ||||||
12,034 | Marathon Petroleum Corp. | 725 | ||||||
3,109 | Murphy Oil Corp. | 83 | ||||||
8,328 | Noble Energy, Inc. | 207 | ||||||
21,988 | Occidental Petroleum Corp. | 906 | ||||||
14,184 | ONEOK, Inc. | 1,073 | ||||||
9,395 | Parsley Energy, Inc., Class – A | 178 | ||||||
2,260 | PBF Energy, Inc., Class – A | 71 | ||||||
8,121 | Phillips 66 | 905 | ||||||
5,151 | Pioneer Natural Resources Co. | 779 | ||||||
4,030 | Range Resources Corp. | 20 | ||||||
3,991 | Targa Resources Corp. | 163 | ||||||
32,984 | The Williams Cos., Inc. | 783 | ||||||
7,634 | Valero Energy Corp. | 715 | ||||||
7,529 | WPX Energy, Inc. (a) | 103 | ||||||
|
| |||||||
23,338 | ||||||||
|
| |||||||
Paper & Forest Products — 0.00% |
| |||||||
1,190 | Domtar Corp. | 46 | ||||||
|
|
Shares | Security Description | Value (000) | ||||||
Personal Products — 0.40% |
| |||||||
37,750 | Coty, Inc., Class – A | $ | 424 | |||||
2,468 | Herbalife Nutrition Ltd. (a) | 118 | ||||||
1,110 | Nu Skin Enterprises, Inc., Class – A | 45 | ||||||
24,968 | The Estee Lauder Cos., Inc., Class – A | 5,158 | ||||||
|
| |||||||
5,745 | ||||||||
|
| |||||||
Pharmaceuticals — 3.25% |
| |||||||
7,948 | Allergan PLC | 1,519 | ||||||
53,786 | AstraZeneca PLC, ADR | 2,682 | ||||||
90,722 | Bristol-Myers Squibb Co. | 5,823 | ||||||
2,737 | Catalent, Inc. (a) | 154 | ||||||
6,486 | Elanco Animal Health, Inc. (a) | 191 | ||||||
52,700 | Eli Lilly & Co. | 6,926 | ||||||
4,116 | Horizon Therapeutics PLC (a) | 149 | ||||||
5,415 | Jazz Pharmaceuticals PLC (a) | 808 | ||||||
64,448 | Johnson & Johnson | 9,402 | ||||||
126,048 | Merck & Co., Inc. | 11,465 | ||||||
9,864 | Mylan N.V. (a) | 198 | ||||||
3,556 | Nektar Therapeutics (a) | 77 | ||||||
5,457 | Novartis AG, ADR | 517 | ||||||
2,418 | Perrigo Co. PLC | 125 | ||||||
113,142 | Pfizer, Inc. | 4,433 | ||||||
23,125 | Zoetis, Inc. | 3,060 | ||||||
|
| |||||||
47,529 | ||||||||
|
| |||||||
Professional Services — 0.60% |
| |||||||
1,728 | CoStar Group, Inc. (a) | 1,035 | ||||||
7,621 | Equifax, Inc. | 1,068 | ||||||
52,979 | IHS Markit Ltd. (a) | 3,992 | ||||||
956 | ManpowerGroup, Inc. | 93 | ||||||
13,291 | Nielsen Holdings PLC | 269 | ||||||
5,345 | Robert Half International, Inc. | 337 | ||||||
8,881 | TransUnion | 761 | ||||||
9,792 | Versik Analytics, Inc., Class – A | 1,462 | ||||||
|
| |||||||
9,017 | ||||||||
|
| |||||||
Real Estate Management & Development — 0.06% |
| |||||||
9,970 | CBRE Group, Inc., Class – A (a) | 612 | ||||||
1,165 | Howard Hughes Corp. (a) | 147 | ||||||
1,025 | Jones Lang LaSalle, Inc. | 178 | ||||||
|
| |||||||
937 | ||||||||
|
| |||||||
Road & Rail — 0.96% |
| |||||||
1,689 | AMERCO, Inc. | 635 | ||||||
22,043 | CSX Corp. | 1,595 | ||||||
3,170 | Hunt (JB) Transportation Services, Inc. | 370 | ||||||
1,769 | Kansas City Southern | 271 | ||||||
2,401 | Knight-Swift Transportation Holdings, Inc. | 86 | ||||||
1,666 | Landstar System, Inc. | 190 | ||||||
3,918 | Lyft, Inc., Class – A (a) | 169 | ||||||
5,838 | Norfolk Southern Corp. | 1,133 | ||||||
2,071 | Old Dominion Freight Line, Inc. | 393 | ||||||
990 | Ryder System, Inc. | 54 | ||||||
1,009 | Schneider National, Inc. | 22 | ||||||
42,286 | Uber Technologies, Inc. (a) | 1,258 | ||||||
43,755 | Union Pacific Corp. | 7,909 | ||||||
|
| |||||||
14,085 | ||||||||
|
|
See accompanying notes to financial statements.
36
HC CAPITAL TRUST
The Institutional Growth Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) |
| |||||||
Semiconductors & Semiconductor Equipment — 3.61% |
| |||||||
49,883 | Advanced Micro Devices, Inc. (a) | $ | 2,288 | |||||
8,073 | Analog Devices, Inc. | 960 | ||||||
32,036 | Applied Materials, Inc. | 1,956 | ||||||
25,085 | Broadcom, Inc. | 7,926 | ||||||
2,207 | Cree, Inc. (a) | 102 | ||||||
6,798 | Cypress Semiconductor Corp. | 159 | ||||||
6,522 | Entegris, Inc. | 326 | ||||||
1,554 | First Solar, Inc. (a) | 87 | ||||||
79,515 | Intel Corp. | 4,758 | ||||||
7,746 | KLA Corp. | 1,380 | ||||||
6,510 | Lam Research Corp. | 1,903 | ||||||
11,605 | Marvell Technology Group Ltd. | 308 | ||||||
7,767 | Maxim Integrated Products, Inc. | 478 | ||||||
6,147 | Microchip Technology, Inc. | 643 | ||||||
20,139 | Micron Technology, Inc. (a) | 1,083 | ||||||
1,015 | MKS Instruments, Inc. | 112 | ||||||
2,017 | Monolithic Power Systems, Inc. | 359 | ||||||
42,428 | NVIDIA Corp. | 9,983 | ||||||
22,164 | NXP Semiconductors N.V. | 2,820 | ||||||
7,086 | ON Semiconductor Corp. (a) | 173 | ||||||
2,144 | Qorvo, Inc. (a) | 249 | ||||||
71,936 | Qualcomm, Inc. | 6,348 | ||||||
3,283 | Skyworks Solutions, Inc. | 397 | ||||||
8,102 | Teradyne, Inc. | 553 | ||||||
45,380 | Texas Instruments, Inc. | 5,821 | ||||||
2,101 | Universal Display Corp. | 433 | ||||||
12,185 | Xilinx, Inc. | 1,192 | ||||||
|
| |||||||
52,797 | ||||||||
|
| |||||||
Software — 10.28% |
| |||||||
1,829 | 2U, Inc. (a) | 44 | ||||||
46,067 | Adobe, Inc. (a) | 15,194 | ||||||
2,154 | Alteryx, Inc. (a) | 215 | ||||||
4,171 | Anaplan, Inc. (a) | 219 | ||||||
3,954 | ANSYS, Inc. (a) | 1,017 | ||||||
3,297 | Aspen Technology, Inc. (a) | 399 | ||||||
5,650 | Atlassian Corp. PLC, Class – A (a) | 680 | ||||||
9,178 | Autodesk, Inc. (a) | 1,684 | ||||||
2,152 | Avalara, Inc. (a) | 158 | ||||||
13,170 | Cadence Design Systems, Inc. (a) | 914 | ||||||
11,451 | CDK Global, Inc. | 627 | ||||||
676 | Cerence, Inc. (a) | 15 | ||||||
3,742 | Ceridian HCM Holding, Inc. (a) | 254 | ||||||
9,082 | Citrix Systems, Inc. | 1,008 | ||||||
7,210 | Coupa Software, Inc. (a) | 1,055 | ||||||
7,425 | DocuSign, Inc. (a) | 550 | ||||||
10,065 | Dropbox, Inc. (a) | 180 | ||||||
2,067 | Dynatrace, Inc. (a) | 52 | ||||||
2,041 | Elastic N.V. (a) | 132 | ||||||
1,331 | Fair Isaac Corp. (a) | 499 | ||||||
10,204 | FireEye, Inc. (a) | 169 | ||||||
6,880 | Fortinet, Inc. (a) | 734 | ||||||
3,978 | Guidewire Software, Inc. (a) | 436 | ||||||
1,909 | HubSpot, Inc. (a) | 303 | ||||||
12,041 | Intuit, Inc. | 3,154 |
Shares | Security Description | Value (000) | ||||||
Software (continued) |
| |||||||
985 | LogMeln, Inc. | $ | 84 | |||||
3,103 | Manhattan Associates, Inc. (a) | 247 | ||||||
525 | Medallia, Inc. (a) | 16 | ||||||
456,603 | Microsoft Corp. | 72,007 | ||||||
2,352 | New Relic, Inc. (a) | 154 | ||||||
117,274 | Nortonlifelock, Inc. | 2,993 | ||||||
5,410 | Nuance Communications, Inc. (a) | 96 | ||||||
7,704 | Nutanix, Inc., Class – A (a) | 241 | ||||||
100,681 | Oracle Corp. | 5,334 | ||||||
1,480 | PagerDuty, Inc. (a) | 35 | ||||||
2,381 | PAYCOM Software, Inc. (a) | 631 | ||||||
1,639 | Paylocity Holding Corp. (a) | 198 | ||||||
1,817 | Pegasystems, Inc. | 144 | ||||||
3,082 | Pluralsight, Inc., Class – A (a) | 53 | ||||||
2,592 | Proofpoint, Inc. (a) | 298 | ||||||
4,782 | PTC, Inc. (a) | 358 | ||||||
3,705 | RealPage, Inc. (a) | 199 | ||||||
3,533 | RingCentral, Inc., Class – A (a) | 596 | ||||||
90,544 | Salesforce.com, Inc. (a) | 14,726 | ||||||
10,932 | SAP AG, ADR | 1,465 | ||||||
15,378 | ServiceNow, Inc. (a) | 4,342 | ||||||
4,278 | Smartsheet, Inc. (a) | 192 | ||||||
982 | SolarWinds Corp. (a) | 18 | ||||||
19,516 | Splunk, Inc. (a) | 2,922 | ||||||
54,748 | SS&C Technologies Holdings, Inc. | 3,362 | ||||||
7,127 | Synopsys, Inc. (a) | 992 | ||||||
72,722 | Talend SA, ADR (a) | 2,844 | ||||||
1,832 | The Trade Desk, Inc. (a) | 475 | ||||||
2,515 | Tyler Technologies, Inc. (a) | 755 | ||||||
3,835 | VMware, Inc., Class – A (a) | 582 | ||||||
21,169 | Workday, Inc., Class – A (a) | 3,480 | ||||||
5,162 | Zendesk, Inc. (a) | 396 | ||||||
2,952 | Zscaler, Inc. (a) | 137 | ||||||
|
| |||||||
150,064 | ||||||||
|
| |||||||
Specialty Retail — 2.31% |
| |||||||
4,339 | Advance Auto Parts, Inc. | 695 | ||||||
1,052 | AutoNation, Inc. (a) | 51 | ||||||
1,735 | AutoZone, Inc. (a) | 2,068 | ||||||
5,510 | Best Buy Co., Inc. | 484 | ||||||
3,833 | Burlington Stores, Inc. (a) | 874 | ||||||
6,898 | CarMax, Inc. (a) | 605 | ||||||
2,012 | Carvana Co. (a) | 185 | ||||||
957 | Dick’s Sporting Goods, Inc. | 47 | ||||||
2,615 | Five Below, Inc. (a) | 334 | ||||||
3,045 | Floor & Decor Holdings, Inc., Class – A (a) | 155 | ||||||
1,708 | Foot Locker, Inc. | 67 | ||||||
4,242 | Gap, Inc. | 75 | ||||||
5,574 | L Brands, Inc. | 101 | ||||||
60,365 | Lowe’s Cos., Inc. | 7,229 | ||||||
4,762 | O’Reilly Automotive, Inc. (a) | 2,087 | ||||||
682 | Penske Automotive Group, Inc. | 34 | ||||||
17,289 | Ross Stores, Inc. | 2,013 | ||||||
47,907 | The Home Depot, Inc. | 10,461 | ||||||
65,774 | The TJX Cos., Inc. | 4,016 |
See accompanying notes to financial statements.
37
HC CAPITAL TRUST
The Institutional Growth Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) |
| |||||||
Specialty Retail (continued) |
| |||||||
2,119 | Tiffany & Co. | $ | 283 | |||||
6,851 | Tractor Supply Co. | 640 | ||||||
4,010 | Ulta Beauty, Inc. (a) | 1,015 | ||||||
1,510 | Urban Outfitters, Inc. (a) | 42 | ||||||
1,759 | Williams-Sonoma, Inc. | 130 | ||||||
�� |
| |||||||
33,691 | ||||||||
|
| |||||||
Technology Hardware, Storage & Peripherals — 5.18% |
| |||||||
247,669 | Apple, Inc. | 72,727 | ||||||
6,153 | Dell Technologies, Inc. (a) | 316 | ||||||
24,998 | Hewlett Packard Enterprise Co. | 396 | ||||||
30,664 | HP, Inc. | 630 | ||||||
5,703 | NCR Corp. (a) | 201 | ||||||
11,879 | NetApp, Inc. | 740 | ||||||
10,684 | Pure Storage, Inc., Class – A (a) | 183 | ||||||
5,197 | Western Digital Corp. | 330 | ||||||
3,033 | Xerox Holdings Corp. | 112 | ||||||
|
| |||||||
75,635 | ||||||||
|
| |||||||
Textiles, Apparel & Luxury Goods — 1.45% |
| |||||||
11,226 | Adidas AG, ADR | 1,827 | ||||||
4,771 | Capri Holdings Ltd. (a) | 182 | ||||||
1,253 | Carter’s, Inc. | 137 | ||||||
1,193 | Columbia Sportswear Co. | 119 | ||||||
14,977 | Hanesbrands, Inc. | 222 | ||||||
39,330 | Kering SA, ADR | 2,571 | ||||||
16,760 | Lululemon Athletica, Inc. (a) | 3,883 | ||||||
94,567 | NIKE, Inc., Class – B | 9,581 | ||||||
1,217 | PVH Corp. | 128 | ||||||
831 | Ralph Lauren Corp. | 97 | ||||||
4,137 | Skechers USA, Inc., Class – A (a) | 178 | ||||||
4,778 | Tapestry, Inc. | 129 | ||||||
7,181 | Under Armour, Inc., Class – A (a) | 156 | ||||||
7,374 | Under Armour, Inc., Class – C (a) | 141 | ||||||
16,610 | V.F. Corp. | 1,656 | ||||||
|
| |||||||
21,007 | ||||||||
|
| |||||||
Thrifts & Mortgage Finance — 0.02% |
| |||||||
389 | LendingTree, Inc. (a) | 118 | ||||||
6,652 | MGIC Investment Corp. | 95 | ||||||
7,349 | New York Community Bancorp, Inc. | 88 | ||||||
866 | TFS Financial Corp. | 17 | ||||||
|
| |||||||
318 | ||||||||
|
| |||||||
Tobacco — 0.46% |
| |||||||
74,476 | Altria Group, Inc. | 3,716 | ||||||
36,042 | Philip Morris International, Inc. | 3,068 | ||||||
|
| |||||||
6,784 | ||||||||
|
| |||||||
Trading Companies & Distributors — 0.41% |
| |||||||
2,084 | Air Lease Corp. | 99 | ||||||
25,427 | Fastenal Co. | 940 | ||||||
9,951 | HD Supply Holdings, Inc. (a) | 401 | ||||||
881 | MSC Industrial Direct Co., Inc., Class – A | 69 | ||||||
20,141 | United Rentals, Inc. (a) | 3,358 | ||||||
2,827 | Univar Solutions, Inc. (a) | 69 | ||||||
2,686 | W.W. Grainger, Inc. | 909 |
Shares | Security Description | Value (000) | ||||||
Trading Companies & Distributors (continued) |
| |||||||
605 | Watsco, Inc. | $ | 109 | |||||
897 | WESCO International, Inc. (a) | 53 | ||||||
|
| |||||||
6,007 | ||||||||
|
| |||||||
Transportation Infrastructure — 0.00% |
| |||||||
1,078 | Macquarie Infrastructure Corp. | 46 | ||||||
|
| |||||||
Water Utilities — 0.15% |
| |||||||
9,786 | American Water Works Co., Inc. | 1,202 | ||||||
21,073 | Aqua America, Inc. | 989 | ||||||
|
| |||||||
2,191 | ||||||||
|
| |||||||
Wireless Telecommunication Services — 0.08% |
| |||||||
9,548 | Sprint Nextel Corp. (a) | 50 | ||||||
1,878 | Telephone & Data Systems, Inc. | 48 | ||||||
14,182 | T-Mobile USA, Inc. (a) | 1,112 | ||||||
91 | U.S. Cellular Corp. (a) | 3 | ||||||
|
| |||||||
1,213 | ||||||||
|
| |||||||
Total Common Stocks | 1,429,619 | |||||||
|
| |||||||
Principal Amount (000) | ||||||||
U.S. Treasury Obligation — 0.01% |
| |||||||
$ | 110 | U.S. Treasury Bill, | 110 | |||||
|
| |||||||
Total U.S. Treasury Obligation | 110 | |||||||
|
| |||||||
Shares | ||||||||
Exchange-Traded Fund — 0.04% |
| |||||||
3,372 | iShares Russell 1000 ETF | 602 | ||||||
|
| |||||||
Total Exchange-Traded Fund | 602 | |||||||
|
| |||||||
Investment Companies —2.35% |
| |||||||
34,319,122 | State Street Institutional Treasury Plus Money Market Fund, Trust Class, 1.49% (d) | 34,319 | ||||||
|
| |||||||
Total Investment Companies | 34,319 | |||||||
|
| |||||||
Total Investments | 1,464,650 | |||||||
Liabilities in excess of | (3,283 | ) | ||||||
|
| |||||||
Net Assets — 100.00% | $ | 1,461,367 | ||||||
|
|
(a) | Representsnon-income producing security. |
(b) | The rate disclosed represents effective yield at purchase. |
(c) | All or part of this security has been pledged as collateral for derivative instruments held by the Portfolio. |
(d) | The rate disclosed is the rate in effect on December 31, 2019. |
ADR — American Depositary Receipt
ETF — Exchange-Traded Fund
REIT — Real Estate Investment Trust
See accompanying notes to financial statements.
38
HC CAPITAL TRUST
The Institutional Growth Equity Portfolio
Portfolio of Investments (concluded) — December 31, 2019 (Unaudited)
The following table reflects the percentage of total net assets of the Portfolio attributable to each Specialist Manager as of December 31, 2019.
The Institutional Growth Equity Portfolio | Jennison Associates, LLC | Mellon Investments Corporation | Parametric Portfolio Associates, LLC | HC Capital Solutions | Total | |||||||||||||||
Common Stocks | 10.46 | % | 87.36 | % | — | — | 97.82 | % | ||||||||||||
U.S. Treasury Obligation | — | 0.01 | % | — | — | 0.01 | % | |||||||||||||
Exchange-Traded Fund | — | 0.04 | % | — | — | 0.04 | % | |||||||||||||
Investment Companies | — | 0.05 | % | 1.57 | % | 0.73 | % | 2.35 | % | |||||||||||
Other Assets (Liabilities) | 0.12 | % | 0.18 | % | -0.52 | % | 0.00 | % | -0.22 | % | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Net Assets | 10.58 | % | 87.64 | % | 1.05 | % | 0.73 | % | 100.00 | % | ||||||||||
|
|
|
|
|
|
|
|
|
|
Amounts designated as “—” indicate the Specialist Manager did not manage any holdings in that category.
Amounts designated as “0.00%” round to less than 0.005%.
The following table reflects the open derivative positions held by the Portfolio as of December 31, 2019.
Futures Contracts Purchased^
Description | Number of Contracts | Expiration Date | Notional Amount (000) | Value and Unrealized Appreciation/ (Depreciation) (000) | ||||||||||
E-Mini Nasdaq 100 Future | 80 | 3/20/20 | $ | 14,003 | $ | 418 | ||||||||
E-Mini S&P 500 Future | 261 | 3/20/20 | 42,166 | 764 | ||||||||||
|
|
|
| |||||||||||
$ | 56,169 | $ | 1,182 | |||||||||||
|
|
|
| |||||||||||
Total Unrealized Appreciation |
| $ | 1,182 | |||||||||||
Total Unrealized Depreciation |
| — | ||||||||||||
|
| |||||||||||||
Total Net Unrealized Appreciation/(Depreciation) |
| $ | 1,182 | |||||||||||
|
|
^ | Cash has been pledged as collateral for futures contracts held by the Portfolio. |
Amounts designated as “—” are $0 or have been rounded to $0.
See accompanying notes to financial statements.
39
HC CAPITAL TRUST
The SmallCapitalization-Mid Capitalization Equity Portfolio
Portfolio of Investments — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks — 92.27% |
| |||||||
Aerospace & Defense — 0.86% |
| |||||||
1,174 | AAR Corp. | $ | 53 | |||||
272 | Aerojet Rocketdyne Holdings, Inc. (a) | 12 | ||||||
507 | Aerovironment, Inc. (a) | 31 | ||||||
190 | Astronics Corp. (a) | 5 | ||||||
2,162 | Axon Enterprise, Inc. (a) | 158 | ||||||
1,392 | Cubic Corp. | 88 | ||||||
700 | Curtiss-Wright Corp. | 99 | ||||||
118 | Ducommun, Inc. (a) | 6 | ||||||
15,850 | Kratos Defense & Security Solutions, Inc. (a) | 286 | ||||||
615 | Maxar Technologies, Inc. | 10 | ||||||
399 | Mercury Systems, Inc. (a) | 28 | ||||||
182 | Moog, Inc., Class – A | 16 | ||||||
26 | National Presto Industries, Inc. | 2 | ||||||
1,177 | Triumph Group, Inc. | 30 | ||||||
1,266 | Wesco Aircraft Holdings, Inc. (a) | 14 | ||||||
|
| |||||||
838 | ||||||||
|
| |||||||
Air Freight & Logistics — 0.21% |
| |||||||
1,131 | Air Transport Services Group, Inc. (a) | 27 | ||||||
1,219 | Atlas Air Worldwide Holdings, Inc. (a) | 34 | ||||||
671 | Forward Air Corp. | 47 | ||||||
1,032 | Hub Group, Inc., Class – A (a) | 52 | ||||||
7,398 | Radiant Logistics, Inc. (a) | 41 | ||||||
|
| |||||||
201 | ||||||||
|
| |||||||
Airlines — 4.09% |
| |||||||
2,331 | Alaska Air Group, Inc. | 158 | ||||||
324 | Allegiant Travel Co. | 56 | ||||||
23,900 | American Airlines Group, Inc. | 685 | ||||||
15,057 | Azul SA, ADR (a) | 644 | ||||||
50,044 | Controladora Vuela Cia de Aviacion SAB de CV, ADR (a) | 521 | ||||||
2,660 | Hawaiian Holdings, Inc. | 78 | ||||||
18,001 | JetBlue Airways Corp. (a) | 337 | ||||||
20,734 | Mesa Air Group, Inc. (a) | 185 | ||||||
1,190 | SkyWest, Inc. | 77 | ||||||
876 | Spirit Airlines, Inc. (a) | 35 | ||||||
13,960 | United Airlines Holdings, Inc. (a) | 1,231 | ||||||
|
| |||||||
4,007 | ||||||||
|
| |||||||
Auto Components — 1.36% |
| |||||||
2,086 | Adient PLC (a) | 44 | ||||||
2,664 | American Axle & Manufacturing Holdings, Inc. (a) | 29 | ||||||
5,146 | BorgWarner, Inc. | 223 | ||||||
2,829 | Cooper Tire & Rubber Co. | 81 | ||||||
30,374 | Dana, Inc. | 553 | ||||||
66 | Dorman Products, Inc. (a) | 5 | ||||||
854 | Fox Factory Holding Corp. (a) | 59 | ||||||
787 | Gentherm, Inc. (a) | 35 | ||||||
47 | LCI Industries | 5 | ||||||
7,079 | Modine Manufacturing Co. (a) | 55 | ||||||
839 | Standard Motor Products, Inc. | 45 | ||||||
3,466 | Stoneridge, Inc. (a) | 101 | ||||||
2,269 | Tenneco, Inc. | 30 | ||||||
833 | Visteon Corp. (a) | 72 | ||||||
|
| |||||||
1,337 | ||||||||
|
|
Shares | Security Description | Value (000) | ||||||
Automobiles — 0.03% |
| |||||||
467 | Winnebago Industries, Inc. | $ | 25 | |||||
|
| |||||||
Banks — 6.51% |
| |||||||
1,257 | 1st Source, Inc. | 65 | ||||||
461 | Amerant Bancorp, Inc. (a) | 10 | ||||||
66 | American National Bankshares, Inc. | 3 | ||||||
1,343 | Ameris Bancorp | 57 | ||||||
443 | BancFirst Corp. | 28 | ||||||
1,774 | BancorpSouth Bank | 56 | ||||||
3,658 | Bank of Commerce Holdings | 42 | ||||||
86 | Bank of Marin Bancorp | 4 | ||||||
3,649 | Banner Corp. | 205 | ||||||
2,332 | BCB Bancorp, Inc. | 32 | ||||||
1,801 | Berkshire Hills Bancorp, Inc. | 59 | ||||||
3,659 | Boston Private Financial Holdings, Inc. | 44 | ||||||
1,507 | Bridge Bancorp, Inc. | 51 | ||||||
4,915 | Brookline Bancorp, Inc. | 81 | ||||||
1,344 | Bryn Mawr Bank Corp. | 55 | ||||||
38 | C&F Financial Corp. | 2 | ||||||
2,987 | Cadence Bancorp | 54 | ||||||
75 | Carolina Financial Corp. | 3 | ||||||
2,451 | Cathay Bancorp, Inc. | 93 | ||||||
4,158 | CenterState Bank Corp. | 104 | ||||||
56 | Chemung Financial Corp. | 2 | ||||||
972 | City Holding Co. | 80 | ||||||
92 | CNB Financial Corp. | 3 | ||||||
6,012 | Columbia Banking System, Inc. | 244 | ||||||
1,130 | Community Trust Bancorp, Inc. | 53 | ||||||
614 | ConnectOne Bancorp, Inc. | 16 | ||||||
1,989 | Cullen/Frost Bankers, Inc. | 194 | ||||||
526 | Customers Bancorp, Inc. (a) | 13 | ||||||
2,475 | CVB Financial Corp. | 53 | ||||||
1,831 | Eagle Bancorp, Inc. | 89 | ||||||
1,650 | Enterprise Financial Services Corp. | 80 | ||||||
959 | FB Financial Corp. | 38 | ||||||
65 | Financial Institutions, Inc. | 2 | ||||||
697 | First Bancorp | 28 | ||||||
30,889 | First Bancorp | 327 | ||||||
3,065 | First Busey Corp. | 84 | ||||||
7 | First Citizens BancShares, Inc., Class – A | 4 | ||||||
5,758 | First Commonwealth Financial Corp. | 84 | ||||||
77 | First Community Bancshares, Inc. | 2 | ||||||
273 | First Financial Bancorp | 7 | ||||||
464 | First Financial Bankshares, Inc. | 16 | ||||||
1,067 | First Financial Corp. | 49 | ||||||
391 | First Financial Northwest, Inc. | 6 | ||||||
725 | First Foundation, Inc. | 13 | ||||||
180 | First Internet Bancorp | 4 | ||||||
112 | First Interstate BancSystem, Inc., Class – A | 5 | ||||||
1,299 | First Merchants Corp. | 54 | ||||||
4,846 | First Midwest Bancorp, Inc. | 112 | ||||||
527 | First Northwest Bancorp | 10 | ||||||
193 | First United Corp. | 5 | ||||||
2,228 | Flushing Financial Corp. | 48 | ||||||
278 | Fulton Financial Corp. | 5 | ||||||
1,184 | German American Bancorp, Inc. | 42 |
See accompanying notes to financial statements.
40
HC CAPITAL TRUST
The Small Capitalization-Mid Capitalization Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) |
| |||||||
Banks (continued) |
| |||||||
89 | Glacier Bancorp, Inc. | $ | 4 | |||||
63 | Great Southern Bancorp, Inc. | 4 | ||||||
2,686 | Great Western Bancorp, Inc. | 93 | ||||||
63 | Hancock Whitney Corp. | 3 | ||||||
80 | Heartland Financial USA, Inc. | 4 | ||||||
3,840 | Heritage Commerce Corp. | 49 | ||||||
872 | Heritage Financial Corp. | 25 | ||||||
1,703 | Hilltop Holdings, Inc. | 42 | ||||||
5,117 | Hope Bancorp, Inc. | 76 | ||||||
2,750 | Horizon Bancorp, Inc. | 52 | ||||||
3,159 | Iberiabank Corp. | 236 | ||||||
2,077 | Independent Bank Corp. | 47 | ||||||
616 | Independent Bank Corp. | 51 | ||||||
661 | Independent Bank Group, Inc. | 37 | ||||||
1,968 | International Bancshares Corp. | 85 | ||||||
384 | Investors Bancorp, Inc. | 5 | ||||||
231 | Lakeland Bancorp, Inc. | 4 | ||||||
1,604 | Lakeland Financial Corp. | 78 | ||||||
285 | LCNB Corp. | 6 | ||||||
1,980 | Mackinac Financial Corp. | 35 | ||||||
701 | National Bank Holdings Corp., Class – A | 25 | ||||||
50 | National Bankshares, Inc. | 2 | ||||||
116 | Northrim Bancorp, Inc. | 4 | ||||||
651 | OFG Bancorp | 15 | ||||||
250 | Old National Bancorp | 5 | ||||||
1,555 | Opus Bank | 40 | ||||||
657 | Pacific Mercantile Bancorp (a) | 5 | ||||||
1,405 | Pacific Premier Bancorp, Inc. | 46 | ||||||
2,895 | PacWest Bancorp | 111 | ||||||
787 | Park National Corp. | 81 | ||||||
350 | Peapack-Gladstone Financial Corp. | 11 | ||||||
112 | Peoples Bancorp, Inc. | 4 | ||||||
3,135 | People’s United Financial, Inc. | 53 | ||||||
5,762 | Popular, Inc. | 339 | ||||||
190 | Preferred Bank | 11 | ||||||
141 | Premier Financial Bancorp, Inc. | 3 | ||||||
604 | Prosperity Bancshares, Inc. | 43 | ||||||
1,955 | Renasant Co. | 69 | ||||||
8,272 | Republic First Bancorp, Inc. (a) | 35 | ||||||
2,833 | Richmond Mutual Bancorp, Inc. (a) | 45 | ||||||
2,052 | S & T Bancorp, Inc. | 83 | ||||||
1,171 | Sandy Spring Bancorp, Inc. | 44 | ||||||
7,606 | Seacoast Banking Corp. (a) | 232 | ||||||
2,138 | Select Bancorp, Inc. (a) | 26 | ||||||
2,448 | ServisFirst Bancshares, Inc. | 92 | ||||||
102 | Sierra Bancorp | 3 | ||||||
2,159 | Simmons First National Corp., Class – A | 58 | ||||||
627 | South State Corp. | 54 | ||||||
682 | Southside Bancshares, Inc. | 25 | ||||||
69 | TCF Financial Corp. | 3 | ||||||
3,211 | Texas Capital Bancshares, Inc. (a) | 182 | ||||||
359 | The Bancorp, Inc. (a) | 5 | ||||||
1,301 | The Bank of N.T. Butterfield & Son Ltd. | 48 | ||||||
444 | The First of Long Island Corp. | 11 |
Shares | Security Description | Value (000) | ||||||
Banks (continued) |
| |||||||
899 | Tompkins TrustCo, Inc. | $ | 82 | |||||
1,585 | TowneBank | 44 | ||||||
220 | TriCo Bancshares | 9 | ||||||
452 | Tristate Capital Holdings, Inc. (a) | 12 | ||||||
333 | Triumph Bancorp, Inc. (a) | 13 | ||||||
1,529 | Trustmark Corp. | 53 | ||||||
1,379 | UMB Financial Corp. | 95 | ||||||
109 | Umpqua Holdings Corp. | 2 | ||||||
1,873 | United Community Banks, Inc. | 58 | ||||||
1,168 | Valley National Bancorp | 13 | ||||||
1,233 | Veritex Holdings, Inc. | 36 | ||||||
3,740 | Webster Financial Corp. | 200 | ||||||
1,981 | WesBanco, Inc. | 75 | ||||||
1,795 | Wintrust Financial Corp. | 127 | ||||||
|
| |||||||
6,388 | ||||||||
|
| |||||||
Beverages — 0.09% |
| |||||||
25 | Coca-Cola Consolidated Inc. | 7 | ||||||
676 | Craft Brew Alliance, Inc. (a) | 11 | ||||||
309 | MGP Ingredients, Inc. | 15 | ||||||
629 | National Beverage Corp. (a) | 32 | ||||||
2,558 | New Age Beverages Corp. (a) | 5 | ||||||
477 | Primo Water Corp. (a) | 5 | ||||||
45 | The Boston Beer Co., Inc., Class – A (a) | 17 | ||||||
|
| |||||||
92 | ||||||||
|
| |||||||
Biotechnology — 4.21% |
| |||||||
1,521 | Acadia Pharmaceuticals, Inc. (a) | 65 | ||||||
99 | Acceleron Pharma, Inc. (a) | 5 | ||||||
1,115 | Achillion Pharmaceuticals, Inc. (a) | 7 | ||||||
2,671 | Acorda Therapeutics, Inc. (a) | 5 | ||||||
1,297 | Adamas Pharmaceuticals, Inc. (a) | 5 | ||||||
9,765 | ADMA Biologics, Inc. (a) | 39 | ||||||
468 | Adverum Biotechnologies, Inc. (a) | 5 | ||||||
1,057 | Aimmune Therapeutics, Inc. (a) | 35 | ||||||
2,188 | Akebia Therapeutics, Inc. (a) | 14 | ||||||
721 | Alector, Inc. (a) | 12 | ||||||
215 | Allakos, Inc. (a) | 21 | ||||||
719 | Allogene Therapeutics, Inc. (a) | 19 | ||||||
311 | AMAG Pharmaceuticals, Inc. (a) | 4 | ||||||
728 | Amicus Therapeutics, Inc. (a) | 7 | ||||||
1,049 | Anavex Life Sciences Corp. (a) | 3 | ||||||
1,150 | Apellis Pharmaceuticals, Inc. (a) | 35 | ||||||
602 | Arcus Biosciences, Inc. (a) | 6 | ||||||
1,201 | Ardelyx, Inc. (a) | 9 | ||||||
1,188 | Arena Pharmaceuticals, Inc. (a) | 54 | ||||||
2,668 | ArQule, Inc. (a) | 53 | ||||||
2,221 | Arrowhead Pharmaceuticals, Inc. (a) | 141 | ||||||
1,184 | Ascendis Pharma A/S, ADR (a) | 165 | ||||||
1,225 | Atara Biotherapeutics, Inc. (a) | 20 | ||||||
1,625 | Athenex, Inc. (a) | 25 | ||||||
1,070 | Audentes Therapeutics, Inc. (a) | 64 | ||||||
229 | Avrobio, Inc. (a) | 5 | ||||||
2,041 | BioCryst Pharmaceuticals, Inc. (a) | 7 | ||||||
929 | Biohaven Pharmaceutical Holding Co. Ltd. (a) | 50 | ||||||
114 | BioSpecifics Technologies Corp. (a) | 6 | ||||||
348 | Blueprint Medicines Corp. (a) | 28 |
See accompanying notes to financial statements.
41
HC CAPITAL TRUST
The Small Capitalization-Mid Capitalization Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) |
| |||||||
Biotechnology (continued) |
| |||||||
131 | Bridgebio Pharma, Inc. (a) | $ | 5 | |||||
2,065 | Calithera Biosciences, Inc. (a) | 12 | ||||||
317 | CareDx, Inc. (a) | 7 | ||||||
515 | ChemoCentryx, Inc. (a) | 20 | ||||||
2,558 | Chimerix, Inc. (a) | 5 | ||||||
1,515 | Clovis Oncology, Inc.^ (a) | 16 | ||||||
1,472 | Coherus Biosciences, Inc. (a) | 27 | ||||||
941 | Concert Pharmaceuticals, Inc. (a) | 9 | ||||||
7,573 | Cyclerion Therapeutics, Inc. (a) | 21 | ||||||
451 | Deciphera Pharmaceuticals, Inc. (a) | 28 | ||||||
263 | Denali Therapeutics, Inc. (a) | 5 | ||||||
1,232 | Dicerna Pharmaceuticals, Inc. (a) | 27 | ||||||
1,544 | Dynavax Technologies Corp. (a) | 9 | ||||||
89 | Eagle Pharmaceuticals, Inc. (a) | 5 | ||||||
231 | Editas Medicine, Inc. (a) | 7 | ||||||
264 | Eidos Therapeutics, Inc. (a) | 15 | ||||||
1,085 | Emergent BioSolutions, Inc. (a) | 59 | ||||||
409 | Enanta Pharmaceuticals, Inc. (a) | 25 | ||||||
595 | Enochian Biosciences, Inc. (a) | 3 | ||||||
1,847 | Epizyme, Inc. (a) | 45 | ||||||
594 | Esperion Therapeutics, Inc. (a) | 35 | ||||||
1,244 | Fate Therapeutics, Inc. (a) | 24 | ||||||
631 | Fibrogen, Inc. (a) | 27 | ||||||
1,050 | Five Prime Therapeutics, Inc. (a) | 5 | ||||||
559 | Forty Seven, Inc. (a) | 22 | ||||||
319 | G1 Therapeutics, Inc. (a) | 8 | ||||||
767 | Global Blood Therapeutics, Inc. (a) | 61 | ||||||
8,237 | GlycoMimetics Industries, Inc. (a) | 44 | ||||||
1,020 | Gossamer Bio, Inc. (a) | 16 | ||||||
6,434 | Halozyme Therapeutics, Inc. (a) | 114 | ||||||
1,755 | Heron Therapeutics, Inc. (a) | 41 | ||||||
590 | Homology Medicines, Inc. (a) | 12 | ||||||
2,688 | ImmunoGen, Inc. (a) | 14 | ||||||
2,022 | Immunomedics, Inc. (a) | 43 | ||||||
18,557 | Inovio Pharmaceuticals, Inc. (a) | 61 | ||||||
2,118 | Insmed, Inc. (a) | 51 | ||||||
205 | Intercept Pharmaceuticals, Inc. (a) | 25 | ||||||
1,707 | Intrexon Corp.^ (a) | 9 | ||||||
2,061 | Invitae Corp. (a) | 33 | ||||||
2,726 | Iovance Biotherapeutics, Inc. (a) | 75 | ||||||
549 | Ironwood Pharmaceuticals, Inc. (a) | 7 | ||||||
1,037 | Kadmon Holdings, Inc. (a) | 5 | ||||||
1,397 | Karyopharm Therapeutics, Inc. (a) | 27 | ||||||
13,200 | Kindred Biosciences, Inc. (a) | 112 | ||||||
424 | Kodiak Sciences, Inc. (a) | 31 | ||||||
308 | Kura Oncology, Inc. (a) | 4 | ||||||
9,330 | La Jolla Pharmaceutical Co. (a) | 37 | ||||||
1,110 | Lexicon Pharmaceuticals, Inc. (a) | 5 | ||||||
652 | Ligand Pharmaceuticals, Inc., Class – B (a) | 68 | ||||||
841 | MacroGenics, Inc. (a) | 9 | ||||||
186 | Madrigal Pharmaceuticals, Inc. (a) | 17 | ||||||
3,275 | MEI Pharma, Inc. (a) | 8 | ||||||
239 | MeiraGTx Holdings PLC (a) | 5 | ||||||
5,131 | Minerva Neurosciences, Inc. (a) | 36 |
Shares | Security Description | Value (000) | ||||||
Biotechnology (continued) |
| |||||||
276 | Mirati Therapeutics, Inc. (a) | $ | 36 | |||||
542 | Molecular Templates, Inc. (a) | 8 | ||||||
2,342 | Momenta Pharmaceuticals, Inc. (a) | 46 | ||||||
1,632 | Mustang Bio, Inc. (a) | 7 | ||||||
14,912 | Myriad Genetics, Inc. (a) | 406 | ||||||
494 | Natera, Inc. (a) | 17 | ||||||
1,780 | Neurocrine Biosciences, Inc. (a) | 191 | ||||||
5,805 | Oncocyte Corp. (a) | 13 | ||||||
2,087 | PDL BioPharma, Inc. (a) | 7 | ||||||
918 | Pieris Pharmaceuticals, Inc. (a) | 3 | ||||||
823 | Portola Pharmaceuticals, Inc. (a) | 20 | ||||||
744 | Prothena Corp. PLC (a) | 12 | ||||||
1,361 | PTC Therapeutics, Inc. (a) | 65 | ||||||
827 | Ra Pharmaceuticals, Inc. (a) | 39 | ||||||
9,942 | Recro Pharma, Inc. | 182 | ||||||
793 | Regenxbio, Inc. (a) | 32 | ||||||
2,515 | Repligen Corp. (a) | 233 | ||||||
3,884 | Retrophin, Inc. (a) | 55 | ||||||
546 | Rhythm Pharmaceuticals, Inc. (a) | 13 | ||||||
3,117 | Rigel Pharmaceuticals, Inc. (a) | 7 | ||||||
448 | Rocket Pharmaceuticals, Inc. (a) | 10 | ||||||
863 | Rubius Therapeutics, Inc.^ (a) | 8 | ||||||
560 | Sage Therapeutics, Inc. (a) | 40 | ||||||
6,007 | Sangamo Therapeutics, Inc. (a) | 51 | ||||||
899 | Seres Therapeutics, Inc. (a) | 3 | ||||||
1,727 | Sorrento Therapeutics, Inc.^ (a) | 6 | ||||||
2,880 | Spectrum Pharmaceuticals, Inc. (a) | 10 | ||||||
5,283 | Syndax Pharmaceuticals, Inc. (a) | 46 | ||||||
1,819 | Synlogic, Inc. (a) | 5 | ||||||
1,063 | Syros Pharmaceuticals, Inc. (a) | 7 | ||||||
1,519 | TG Therapeutics, Inc. (a) | 17 | ||||||
121 | Turning Point Therapeutics, Inc. (a) | 8 | ||||||
187 | Twist Bioscience Corp. (a) | 4 | ||||||
1,299 | Ultragenyx Pharmaceutical, Inc. (a) | 55 | ||||||
445 | UroGen Pharma Ltd. (a) | 15 | ||||||
289 | Vanda Pharmaceuticals, Inc. (a) | 5 | ||||||
240 | Veracyte, Inc. (a) | 7 | ||||||
208 | Xencor, Inc. (a) | 7 | ||||||
1,685 | Xoma Corp. (a) | 46 | ||||||
483 | Y-mAbs Therapeutics, Inc. (a) | 15 | ||||||
1,363 | ZIOPHARM Oncology, Inc. (a) | 6 | ||||||
|
| |||||||
4,118 | ||||||||
|
| |||||||
Building Products — 1.26% |
| |||||||
486 | AAON, Inc. | 24 | ||||||
401 | American Woodmark Corp. (a) | 42 | ||||||
147 | Apogee Enterprises, Inc. | 5 | ||||||
12,037 | Armstrong Flooring, Inc. (a) | 51 | ||||||
3,545 | Builders FirstSource, Inc. (a) | 90 | ||||||
828 | Continental Building Products, Inc. (a) | 30 | ||||||
1,162 | Cornerstone Building Brands, Inc. (a) | 10 | ||||||
354 | CSW Industrials, Inc. | 27 | ||||||
1,045 | Gibraltar Industries, Inc. (a) | 53 | ||||||
234 | Griffon Corp. | 5 | ||||||
2,605 | Jeld-Wen Holding, Inc. (a) | 61 | ||||||
887 | Masonite International Corp. (a) | 64 |
See accompanying notes to financial statements.
42
HC CAPITAL TRUST
The Small Capitalization-Mid Capitalization Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) |
| |||||||
Building Products (continued) |
| |||||||
462 | Patrick Industries, Inc. | $ | 24 | |||||
193 | Quanex Building Products Corp. | 3 | ||||||
76 | Simpson Manufacturing Co., Inc. | 6 | ||||||
6,018 | Trex Company, Inc. (a) | 542 | ||||||
4,158 | Universal Forest Products, Inc. | 198 | ||||||
|
| |||||||
1,235 | ||||||||
|
| |||||||
Capital Markets — 1.91% |
| |||||||
7,970 | Artisan Partners Asset Management, Inc., Class – A | 257 | ||||||
3 | Ashford, Inc. (a) | — | ||||||
818 | Assetmark Financial Holdings, Inc. (a) | 24 | ||||||
1,144 | Blucora, Inc. (a) | 30 | ||||||
4,980 | Brightsphere Investment Group, Inc. | 51 | ||||||
752 | Donnelley Financial Solutions, Inc. (a) | 8 | ||||||
2,294 | Federated Investors, Inc., Class – B | 75 | ||||||
2,038 | Focus Financial Partners, Inc., Class – A (a) | 60 | ||||||
5,473 | Gain Capital Holdings, Inc. | 22 | ||||||
62 | GlassBridge Enterprises, Inc. (a) | 16 | ||||||
184 | Hamilton Lane, Inc. | 11 | ||||||
118 | Houlihan Lokey, Inc. | 6 | ||||||
215 | International Fcstone, Inc. (a) | 10 | ||||||
1,632 | Ladenburg Thalmann Financial Services, Inc. | 6 | ||||||
5,102 | LPL Financial Holdings, Inc. | 470 | ||||||
365 | Piper Jaffray Cos., Inc. | 29 | ||||||
3,287 | Raymond James Financial, Inc. | 294 | ||||||
3,900 | Safeguard Scientifics, Inc. | 43 | ||||||
400 | Sculptor Capital Management, Inc. | 9 | ||||||
3,724 | Stifel Financial Corp. | 226 | ||||||
4,171 | Victory Capital Holdings, Inc., Class – A | 87 | ||||||
90 | Virtus Investment Partners, Inc. | 11 | ||||||
4,748 | Waddell & Reed Financial, Inc., Class – A | 79 | ||||||
1,413 | Westwood Holdings Group, Inc. | 42 | ||||||
|
| |||||||
1,866 | ||||||||
|
| |||||||
Chemicals — 2.29% |
| |||||||
2,448 | Albemarle Corp. | 179 | ||||||
229 | American Vanguard Corp. | 4 | ||||||
70 | Balchem Corp. | 7 | ||||||
48 | Cabot Corp. | 2 | ||||||
98 | Chase Corp. | 12 | ||||||
4,664 | Ferro Corp. (a) | 69 | ||||||
6,817 | FMC Corp. | 681 | ||||||
522 | FutureFuel Corp. | 6 | ||||||
2,895 | GCP Applied Technologies, Inc. (a) | 66 | ||||||
1,212 | H.B. Fuller Co. | 63 | ||||||
2,933 | Huntsman Corp. | 71 | ||||||
95 | Ingevity Corp. (a) | 8 | ||||||
93 | Innophos Holdings, Inc. | 3 | ||||||
51 | Innospec, Inc. | 5 | ||||||
11,784 | Kraton Corp. (a) | 298 | ||||||
3,377 | Kronos Worldwide, Inc. | 45 | ||||||
1,743 | Minerals Technologies, Inc. | 100 | ||||||
394 | NewMarket Corp. | 192 | ||||||
1,433 | Orion Engineered Carbons SA | 28 | ||||||
1,824 | PolyOne Corp. | 67 | ||||||
291 | PQ Group Holdings, Inc. (a) | 5 |
Shares | Security Description | Value (000) | ||||||
Chemicals (continued) |
| |||||||
883 | Rayonier Advanced Materials, Inc. | $ | 3 | |||||
118 | Sensient Technologies Corp. | 8 | ||||||
486 | Stepan Co. | 50 | ||||||
160 | Tredegar Corp. | 4 | ||||||
1,303 | Trinseo SA | 48 | ||||||
19,063 | Tronox Holdings PLC, Class – A | 218 | ||||||
1,337 | Valhi, Inc. | 3 | ||||||
|
| |||||||
2,245 | ||||||||
|
| |||||||
Commercial Services & Supplies — 2.23% |
| |||||||
2,734 | ABM Industries, Inc. | 103 | ||||||
1,359 | ACCO Brands Corp. | 13 | ||||||
1,729 | Advanced Disposal Services, Inc. (a) | 57 | ||||||
5,117 | Aqua Metals, Inc.^ (a) | 4 | ||||||
783 | Brady Corp., Class – A | 45 | ||||||
2,196 | BrightView Holdings, Inc. (a) | 37 | ||||||
1,307 | Casella Waste Systems, Inc. (a) | 60 | ||||||
7,424 | CECO Environmental Corp. (a) | 57 | ||||||
41 | Cimpress PLC (a) | 5 | ||||||
19,798 | Covanta Holding Corp. | 294 | ||||||
1,976 | Deluxe Corp. | 99 | ||||||
606 | Ennis, Inc. | 13 | ||||||
3,661 | Healthcare Services Group, Inc. | 89 | ||||||
461 | Herman Miller, Inc. | 19 | ||||||
2,236 | HNI Corp. | 84 | ||||||
27,072 | Interface, Inc. | 448 | ||||||
483 | Kimball International, Inc., Class – B | 10 | ||||||
1,165 | Knoll, Inc. | 29 | ||||||
1,641 | Matthews International Corp., Class – A | 63 | ||||||
749 | McGrath RentCorp | 57 | ||||||
2,299 | Mobile Mini, Inc. | 87 | ||||||
82 | MSA Safety, Inc. | 10 | ||||||
3,888 | PICO Holdings, Inc. (a) | 43 | ||||||
11,074 | Pitney Bowes, Inc. | 45 | ||||||
1,061 | Quad/Graphics, Inc. | 5 | ||||||
14,069 | RR Donnelley & Sons Co. | 56 | ||||||
1,367 | SP Plus Corp. (a) | 58 | ||||||
5,179 | Steelcase, Inc., Class – A | 106 | ||||||
269 | Tetra Tech, Inc. | 23 | ||||||
926 | The Brink’s Co. | 84 | ||||||
24 | UniFirst Corp. | 5 | ||||||
1,089 | Viad Corp. | 74 | ||||||
48 | VSE Corp. | 2 | ||||||
|
| |||||||
2,184 | ||||||||
|
| |||||||
Communications Equipment — 0.94% |
| |||||||
7,622 | Acacia Communications, Inc. (a) | 516 | ||||||
3,296 | Audiocodes Ltd. | 85 | ||||||
118 | Ciena Corp. (a) | 5 | ||||||
673 | Clearfield, Inc. (a) | 9 | ||||||
129 | Comtech Telecommunications Corp. | 5 | ||||||
626 | DASAN Zhone Solutions, Inc. (a) | 6 | ||||||
722 | Extreme Networks, Inc. (a) | 5 | ||||||
4,172 | Infinera Corp. (a) | 33 | ||||||
1,556 | InterDigital, Inc. | 85 | ||||||
1,578 | Lumentum Holdings, Inc. (a) | 125 | ||||||
1,731 | NetScout Systems, Inc. (a) | 42 |
See accompanying notes to financial statements.
43
HC CAPITAL TRUST
The Small Capitalization-Mid Capitalization Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) |
| |||||||
Communications Equipment (continued) |
| |||||||
489 | Viavi Solutions, Inc. (a) | $ | 7 | |||||
|
| |||||||
923 | ||||||||
|
| |||||||
Construction & Engineering — 2.30% |
| |||||||
2,038 | AECOM (a) | 88 | ||||||
417 | Aegion Corp. (a) | 9 | ||||||
1,546 | Ameresco, Inc., Class – A (a) | 27 | ||||||
1,158 | Arcosa, Inc. | 52 | ||||||
93 | Argan, Inc. | 4 | ||||||
1,875 | Comfort Systems USA, Inc. | 93 | ||||||
787 | Concrete Pumping Holdings, Inc. (a) | 4 | ||||||
101 | Dycom Industries, Inc. (a) | 5 | ||||||
280 | EMCOR Group, Inc. | 24 | ||||||
8,926 | Granite Construction, Inc. | 247 | ||||||
424 | Great Lakes Dredge & Dock Co. (a) | 5 | ||||||
9,524 | MasTec, Inc. (a) | 611 | ||||||
299 | MYR Group, Inc. (a) | 10 | ||||||
10,158 | Orion Group Holdings, Inc. (a) | 53 | ||||||
3,212 | Primoris Services Corp. | 71 | ||||||
69,320 | Tutor Perini Corp. (a) | 892 | ||||||
2,938 | Willscot Corp. (a) | 54 | ||||||
|
| |||||||
2,249 | ||||||||
|
| |||||||
Construction Materials — 0.59% |
| |||||||
1,627 | Eagle Materials, Inc., Class – A | 148 | ||||||
1,058 | Martin Marietta Materials, Inc. | 296 | ||||||
5,497 | Summit Materials, Inc., Class – A (a) | 131 | ||||||
|
| |||||||
575 | ||||||||
|
| |||||||
Consumer Finance — 0.49% |
| |||||||
137 | Encore Capital Group, Inc. (a) | 5 | ||||||
6,605 | Green Dot Corp., Class – A (a) | 154 | ||||||
426 | Nelnet, Inc., Class – A | 25 | ||||||
8,161 | PRA Group, Inc. (a) | 296 | ||||||
|
| |||||||
480 | ||||||||
|
| |||||||
Containers & Packaging — 0.37% |
| |||||||
1,316 | AptarGroup, Inc. | 152 | ||||||
12,386 | Graphic Packaging Holding Co. | 207 | ||||||
118 | Greif, Inc., Class – A | 5 | ||||||
|
| |||||||
364 | ||||||||
|
| |||||||
Distributors — 0.07% |
| |||||||
340 | Pool Corp. | 72 | ||||||
|
| |||||||
Diversified Consumer Services — 1.10% |
| |||||||
7,549 | Adtalem Global Education, Inc. (a) | 264 | ||||||
4,860 | Chegg, Inc. (a) | 184 | ||||||
114 | Collectors Universe, Inc. | 3 | ||||||
2,082 | Frontdoor, Inc. (a) | 99 | ||||||
127 | Grand Canyon Education, Inc. (a) | 12 | ||||||
1,411 | Houghton Mifflin Harcourt Co. (a) | 9 | ||||||
250 | K12, Inc. (a) | 5 | ||||||
300 | Laureate Education, Inc., Class – A (a) | 5 | ||||||
22,098 | Perdoceo Education Corp. (a) | 407 | ||||||
121 | Strategic Education, Inc. | 19 | ||||||
1,949 | WW International, Inc. (a) | 74 | ||||||
|
| |||||||
1,081 | ||||||||
|
|
Shares | Security Description | Value (000) | ||||||
Diversified Financial Services — 0.36% |
| |||||||
571 | Banco Latinoamericano de Comercio Exterior SA, Class – E | $ | 12 | |||||
2,195 | Cannae Holdings, Inc. (a) | 82 | ||||||
3,467 | FGL Holdings, Inc. | 37 | ||||||
9,830 | Jefferies Financial Group, Inc. | 210 | ||||||
99 | Marlin Business Services Corp. | 2 | ||||||
1,231 | On Deck Capital, Inc. (a) | 5 | ||||||
|
| |||||||
348 | ||||||||
|
| |||||||
Diversified Telecommunication Services — 0.91% |
| |||||||
206 | ATN International, Inc. | 11 | ||||||
383 | Bandwidth, Inc. (a) | 25 | ||||||
2,217 | Cincinnati Bell, Inc. (a) | 23 | ||||||
11,065 | Cogent Communications Holdings, Inc. | 728 | ||||||
5,817 | IDT Corp. (a) | 42 | ||||||
2,355 | Iridium Communications, Inc. (a) | 58 | ||||||
|
| |||||||
887 | ||||||||
|
| |||||||
Electric Utilities — 0.35% |
| |||||||
1,695 | El Paso Electric Co. | 114 | ||||||
3,048 | Genie Energy Ltd. | 24 | ||||||
98 | Hawaiian Electric Industries, Inc. | 5 | ||||||
33 | IDACORP, Inc. | 4 | ||||||
1,454 | MGE Energy, Inc. | 114 | ||||||
1,016 | Otter Tail Corp. | 52 | ||||||
158 | PNM Resources, Inc. | 8 | ||||||
337 | Portland General Electric Co. | 19 | ||||||
489 | Spark Energy, Inc., Class – A | 5 | ||||||
|
| |||||||
345 | ||||||||
|
| |||||||
Electrical Equipment — 0.67% |
| |||||||
1,114 | Atkore International Group, Inc. (a) | 45 | ||||||
618 | AZZ, Inc. | 28 | ||||||
790 | Bloom Energy Corp., Class – A (a) | 6 | ||||||
3,473 | Encore Wire Corp. | 199 | ||||||
2,132 | EnerSys | 160 | ||||||
1,689 | Enphase Energy, Inc. (a) | 44 | ||||||
490 | Generac Holdings, Inc. (a) | 49 | ||||||
1,604 | Plug Power, Inc. (a) | 5 | ||||||
97 | Powell Industries, Inc. | 5 | ||||||
6,717 | Sunrun, Inc. (a) | 93 | ||||||
182 | Thermon Group Holdings, Inc. (a) | 5 | ||||||
423 | Vicor Corp. (a) | 20 | ||||||
|
| |||||||
659 | ||||||||
|
| |||||||
Electronic Equipment, Instruments & Components — 3.33% |
| |||||||
868 | Anixter International, Inc. (a) | 80 | ||||||
1,370 | Arlo Technologies, Inc. (a) | 6 | ||||||
1,730 | AVX Corp. | 35 | ||||||
681 | Badger Meter, Inc. | 44 | ||||||
929 | Belden, Inc. | 51 | ||||||
1,367 | Benchmark Electronics, Inc. | 47 | ||||||
34 | Dolby Laboratories, Inc., Class – A | 2 | ||||||
318 | ePlus, Inc. (a) | 27 | ||||||
3,153 | Fabrinet (a) | 204 | ||||||
5,345 | Fitbit, Inc., Class – A (a) | 35 | ||||||
27,195 | Flex Ltd. (a) | 343 | ||||||
1,005 | Insight Enterprises, Inc. (a) | 71 |
See accompanying notes to financial statements.
44
HC CAPITAL TRUST
The Small Capitalization-Mid Capitalization Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) |
| |||||||
Electronic Equipment, Instruments & Components (continued) |
| |||||||
565 | IPG Photonics Corp. (a) | $ | 82 | |||||
641 | Iteris, Inc. (a) | 3 | ||||||
6,494 | Itron, Inc. (a) | 546 | ||||||
12,267 | Jabil, Inc. | 508 | ||||||
3,712 | KEMET Corp. | 100 | ||||||
455 | Kimball Electronics, Inc. (a) | 8 | ||||||
2,844 | Knowles Corp. (a) | 60 | ||||||
555 | Littelfuse, Inc. | 106 | ||||||
21 | Mesa Laboratories, Inc. | 5 | ||||||
870 | Methode Electronics, Inc. | 34 | ||||||
612 | nLight, Inc. (a) | 12 | ||||||
503 | Novanta, Inc. (a) | 44 | ||||||
542 | OSI Systems, Inc. (a) | 55 | ||||||
114 | PC Connection, Inc. | 6 | ||||||
1,398 | Plexus Corp. (a) | 108 | ||||||
3,253 | Rogers Corp. (a) | 406 | ||||||
3,039 | Sanmina Corp. (a) | 104 | ||||||
129 | ScanSource, Inc. (a) | 5 | ||||||
34 | SYNNEX Corp. | 4 | ||||||
194 | Tech Data Corp. (a) | 28 | ||||||
2,355 | TTM Technologies, Inc. (a) | 35 | ||||||
3,155 | Vishay Intertechnology, Inc. | 67 | ||||||
|
| |||||||
3,271 | ||||||||
|
| |||||||
Energy Equipment & Services — 1.55% |
| |||||||
8,292 | Archrock, Inc. Com | 83 | ||||||
1,120 | Cactus, Inc., Class – A | 38 | ||||||
1,542 | Covia Holdings Corp. (a) | 3 | ||||||
3,456 | Diamond Offshore Drilling, Inc. (a) | 25 | ||||||
1,846 | Dril-Quip, Inc. (a) | 88 | ||||||
2,857 | Forum Energy Technologies, Inc. (a) | 5 | ||||||
10,382 | Franks International N.V. (a) | 54 | ||||||
195 | Geospace Technologies Corp. (a) | 3 | ||||||
3,375 | Helix Energy Solutions Group, Inc. (a) | 33 | ||||||
4,545 | Ion Geophysical (a) | 39 | ||||||
752 | KLX Energy Services Holdings, Inc. (a) | 5 | ||||||
1,265 | Liberty Oilfield Services, Inc. | 14 | ||||||
19,727 | Mammoth Energy Services, Inc. | 43 | ||||||
9,181 | Nabors Industries Ltd. | 26 | ||||||
3,094 | Natural Gas Services Group, Inc. (a) | 38 | ||||||
6,435 | Nextier Oilfield Solutions, Inc. (a) | 43 | ||||||
955 | Nine Energy Service, Inc. (a) | 7 | ||||||
32,992 | Noble Corp. PLC (a) | 40 | ||||||
5,674 | Oceaneering International, Inc. (a) | 85 | ||||||
1,538 | Oil States International, Inc. (a) | 25 | ||||||
491 | ProPetro Holding Corp. (a) | 6 | ||||||
494 | SEACOR Holdings, Inc. (a) | 21 | ||||||
204 | SEACOR Marine Holdings, Inc. (a) | 3 | ||||||
1,063 | Select Energy Services, Inc. (a) | 10 | ||||||
2,524 | Smart Sand, Inc. (a) | 6 | ||||||
8,525 | TechnipFMC PLC | 183 | ||||||
62,969 | Transocean Ltd. (a) | 433 | ||||||
23,446 | Valaris PLC^ | 154 | ||||||
|
| |||||||
1,513 | ||||||||
|
|
Shares | Security Description | Value (000) | ||||||
Entertainment — 0.39% |
| |||||||
3,100 | Ballantyne Strong, Inc. (a) | $ | 10 | |||||
8,685 | Eros International PLC (a) | 29 | ||||||
101,625 | Global Eagle Entertainment, Inc. (a) | 51 | ||||||
2,755 | Glu Mobile, Inc. (a) | 17 | ||||||
1,891 | IMAX Corp. (a) | 39 | ||||||
858 | Liberty Media Corp.-Liberty Braves, Class – C (a) | 25 | ||||||
20,346 | Lions Gate Entertainment Corp., Class – B (a) | 202 | ||||||
154 | Marcus Corp. | 5 | ||||||
|
| |||||||
378 | ||||||||
|
| |||||||
Equity Real Estate Investment Trusts — 3.69% |
| |||||||
2,510 | Alexander & Baldwin, Inc. | 53 | ||||||
3,912 | American Finance Trust, Inc. | 52 | ||||||
6,576 | Bluerock Residential Growth REIT, Inc. | 79 | ||||||
2,306 | CareTrust REIT, Inc. | 48 | ||||||
11,854 | Cedar Realty Trust, Inc. | 35 | ||||||
2,808 | Chatham Lodging Trust | 51 | ||||||
5,372 | Clipper Realty, Inc. | 57 | ||||||
4,210 | CorePoint Lodging, Inc. | 45 | ||||||
11,932 | Corporate Office Properties Trust | 350 | ||||||
1,335 | Cousins Properties, Inc. | 55 | ||||||
9,397 | DiamondRock Hospitality Co. | 104 | ||||||
1,752 | Easterly Government Properties, Inc. | 42 | ||||||
1,926 | EastGroup Properties, Inc. | 255 | ||||||
5,118 | Equity Commonwealth | 168 | ||||||
413 | Farmland Partners, Inc. | 3 | ||||||
696 | First Industrial Realty Trust, Inc. | 29 | ||||||
8,236 | Franklin Street Properties Corp. | 71 | ||||||
743 | Front Yard Residential Corp. | 9 | ||||||
2,205 | Getty Realty Corp. | 72 | ||||||
437 | Gladstone Land Corp. | 6 | ||||||
6,912 | Global Medical REIT, Inc. | 91 | ||||||
3,640 | Global Net Lease, Inc. | 74 | ||||||
152 | Healthcare Realty Trust, Inc. | 5 | ||||||
2,387 | Independence Realty Trust, Inc. | 34 | ||||||
2,138 | Industrial Logistics Property Trust | 48 | ||||||
1,805 | Innovative Industrial Properties, Inc.^ | 137 | ||||||
1,414 | iStar, Inc. | 21 | ||||||
4,657 | Kite Realty Group Trust | 91 | ||||||
5,636 | Lexington Realty Trust | 60 | ||||||
2,041 | LTC Properties, Inc. | 91 | ||||||
2,954 | Mack-Cali Realty Corp. | 68 | ||||||
5,373 | Monmouth Real Estate Investment Corp., Class – A | 78 | ||||||
1,583 | National Storage Affiliates | 53 | ||||||
1,748 | Office Properties Income Trust | 56 | ||||||
2,410 | Pebblebrook Hotel Trust | 65 | ||||||
4,130 | Piedmont Office Realty Trust, Inc., Class – A | 92 | ||||||
1,225 | PotlatchDeltic Corp. | 53 | ||||||
24 | PS Business Parks, Inc. | 4 | ||||||
97 | QTS Realty Trust, Inc., Class – L | 5 | ||||||
611 | Rexford Industrial Realty, Inc. | 28 | ||||||
5,279 | RLJ Lodging Trust | 94 | ||||||
5,241 | RPT Realty | 79 | ||||||
67 | Ryman Hospitality Properties, Inc. | 6 | ||||||
634 | Saul Centers, Inc. | 33 | ||||||
1,124 | Seritage Growth Properties | 45 |
See accompanying notes to financial statements.
45
HC CAPITAL TRUST
The Small Capitalization-Mid Capitalization Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) |
| |||||||
Equity Real Estate Investment Trusts (continued) |
| |||||||
151 | STAG Industrial, Inc. | $ | 5 | |||||
6,298 | Summit Hotel Properties, Inc. | 78 | ||||||
5,339 | Sunstone Hotel Investors, Inc. | 74 | ||||||
5,427 | Tanger Factory Outlet Centers, Inc.^ | 80 | ||||||
10,828 | Uniti Group, Inc.^ | 89 | ||||||
304 | Universal Health Realty Income Trust | 36 | ||||||
3,918 | Urban Edge Properties | 75 | ||||||
703 | Urstadt Biddle Properties, Inc., Class – A | 17 | ||||||
2,527 | Washington Prime Group, Inc.^ | 9 | ||||||
3,500 | Washington Real Estate Investment Trust | 102 | ||||||
2,695 | Xenia Hotels & Resorts, Inc. | 58 | ||||||
|
| |||||||
3,618 | ||||||||
|
| |||||||
Food & Staples Retailing — 0.36% |
| |||||||
413 | BJ’s Wholesale Club Holdings, Inc., Class – C (a) | 9 | ||||||
1,052 | Casey’s General Stores, Inc. | 167 | ||||||
136 | Chefs’ Warehouse Holdings LLC (a) | 5 | ||||||
191 | Ingles Markets, Inc., Class – A | 9 | ||||||
504 | Natural Grocers by Vitamin Cottage, Inc. | 5 | ||||||
382 | Performance Food Group Co. (a) | 20 | ||||||
534 | PriceSmart, Inc. | 38 | ||||||
1,005 | Rite Aid Corp.^ (a) | 16 | ||||||
664 | SpartanNash Co. | 9 | ||||||
749 | The Andersons, Inc. | 19 | ||||||
1,471 | Weis Markets, Inc. | 60 | ||||||
|
| |||||||
357 | ||||||||
|
| |||||||
Food Products — 1.09% |
| |||||||
1,779 | B&G Foods, Inc.^ | 32 | ||||||
539 | Calavo Growers, Inc. | 49 | ||||||
796 | Cal-Maine Foods, Inc. | 34 | ||||||
14,400 | Darling Ingredients, Inc. (a) | 405 | ||||||
1,375 | Fresh Del Monte Produce, Inc. | 48 | ||||||
423 | Freshpet, Inc. (a) | 25 | ||||||
4,840 | Hostess Brands, Inc. (a) | 70 | ||||||
1,147 | J&J Snack Foods Corp. | 211 | ||||||
39 | John B. Sanfilippo & Son, Inc. | 4 | ||||||
351 | Lancaster Colony Corp. | 56 | ||||||
415 | Sanderson Farms, Inc. | 73 | ||||||
776 | The Simply Good Foods Co. (a) | 22 | ||||||
1,068 | Tootsie Roll Industries, Inc. | 36 | ||||||
|
| |||||||
1,065 | ||||||||
|
| |||||||
Gas Utilities — 0.62% |
| |||||||
879 | Chesapeake Utilities Corp. | 84 | ||||||
2,479 | New Jersey Resources Corp. | 110 | ||||||
1,429 | Northwest Natural Holding Co. | 105 | ||||||
151 | One Gas, Inc. | 14 | ||||||
3,770 | South Jersey Industries, Inc. | 125 | ||||||
65 | Southwest Gas Holdings, Inc. | 5 | ||||||
3,613 | UGI Corp. | 164 | ||||||
|
| |||||||
607 | ||||||||
|
| |||||||
Health Care Equipment & Supplies — 5.52% |
| |||||||
635 | Abiomed, Inc. (a) | 108 | ||||||
1,610 | Accuray, Inc. (a) | 5 | ||||||
160 | AtriCure, Inc. (a) | 5 |
Shares | Security Description | Value (000) | ||||||
Health Care Equipment & Supplies (continued) | ||||||||
191 | Axonics Modulation Technologies, Inc. (a) | $ | 5 | |||||
382 | BioSig Technologies, Inc. (a) | 2 | ||||||
1,924 | Cantel Medical Corp. | 136 | ||||||
10,744 | Cardiovascular Systems, Inc. (a) | 522 | ||||||
189 | CryoLife, Inc. (a) | 5 | ||||||
1,226 | CytoSorbents Corp. (a) | 5 | ||||||
3,277 | Dexcom, Inc. (a) | 717 | ||||||
1,277 | Edwards Lifesciences Corp. (a) | 298 | ||||||
188 | Globus Medical, Inc. (a) | 11 | ||||||
464 | Haemonetics Corp. (a) | 53 | ||||||
435 | Inogen, Inc. (a) | 30 | ||||||
5,180 | Insulet Corp. (a) | 887 | ||||||
772 | Integer Holdings Corp. (a) | 62 | ||||||
145 | Intricon Corp. (a) | 3 | ||||||
5,703 | Invacare Corp. | 51 | ||||||
1,961 | iRhythm Technologies, Inc. (a) | 134 | ||||||
85 | LivaNova PLC (a) | 6 | ||||||
781 | Meridian Bioscience, Inc. | 8 | ||||||
5,202 | Merit Medical Systems, Inc. (a) | 163 | ||||||
155 | Natus Medical, Inc. (a) | 5 | ||||||
3,143 | Neogen Corp. (a) | 205 | ||||||
6,676 | Neuronetics, Inc. (a) | 30 | ||||||
953 | Nevro Corp. (a) | 112 | ||||||
1,320 | Novocure Ltd. (a) | 111 | ||||||
257 | NuVasive, Inc. (a) | 20 | ||||||
1,139 | OraSure Technologies, Inc. (a) | 9 | ||||||
429 | Orthofix Medical, Inc. (a) | 20 | ||||||
77 | Quidel Corp. (a) | 6 | ||||||
2,173 | Rockwell Medical, Inc. (a) | 5 | ||||||
142 | Shockwave Medical, Inc. (a) | 6 | ||||||
278 | Silk Road Medical, Inc. (a) | 11 | ||||||
3,123 | STAAR Surgical Co. (a) | 110 | ||||||
1,725 | STERIS PLC | 263 | ||||||
73 | Tactile Systems Technology, Inc. (a) | 5 | ||||||
4,428 | Tandem Diabetes Care, Inc. (a) | 264 | ||||||
2,242 | The Cooper Cos., Inc. | 720 | ||||||
895 | Varex Imaging Corp. (a) | 27 | ||||||
1,227 | West Pharmaceutical Services, Inc. | 184 | ||||||
3,000 | Wright Medical Group N.V. (a) | 91 | ||||||
|
| |||||||
5,420 | ||||||||
|
| |||||||
Health Care Providers & Services — 1.51% |
| |||||||
9,339 | Acadia Healthcare Company, Inc. (a) | 311 | ||||||
126 | Addus HomeCare Corp. (a) | 12 | ||||||
158 | Amedisys, Inc. (a) | 26 | ||||||
634 | AMN Healthcare Services, Inc. (a) | 40 | ||||||
2,420 | Brookdale Senior Living, Inc. (a) | 18 | ||||||
13 | Chemed Corp. | 6 | ||||||
1,165 | Community Health Systems, Inc. (a) | 3 | ||||||
215 | CorVel Corp. (a) | 19 | ||||||
47 | Encompass Health Corp. | 3 | ||||||
1,170 | Guardant Health, Inc. (a) | 91 | ||||||
473 | Hanger, Inc. (a) | 13 | ||||||
2,244 | HealthEquity, Inc. (a) | 166 | ||||||
776 | LHC Group, Inc. (a) | 107 | ||||||
521 | Magellan Health, Inc. (a) | 41 |
See accompanying notes to financial statements.
46
HC CAPITAL TRUST
The Small Capitalization-Mid Capitalization Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) |
| |||||||
Health Care Providers & Services (continued) |
| |||||||
36 | Molina Heathcare, Inc. (a) | $ | 5 | |||||
512 | National Healthcare Corp. | 44 | ||||||
1,638 | Option Care Health, Inc. (a) | 6 | ||||||
833 | Owens & Minor, Inc. | 4 | ||||||
3,683 | Patterson Companies, Inc. | 75 | ||||||
277 | Providence Service Corp. (a) | 16 | ||||||
1,149 | R1 RCM, Inc. (a) | 15 | ||||||
2,616 | Select Medical Holdings Corp. (a) | 61 | ||||||
5,190 | Tenet Healthcare Corp. (a) | 198 | ||||||
1,204 | The Ensign Group, Inc. | 55 | ||||||
87 | The Pennant Group, Inc. (a) | 3 | ||||||
1,129 | Tivity Health, Inc. (a) | 23 | ||||||
1,075 | U.S. Physical Therapy, Inc. | 123 | ||||||
|
| |||||||
1,484 | ||||||||
|
| |||||||
Health Care Technology — 0.77% |
| |||||||
2,243 | Allscripts Healthcare Solutions, Inc. (a) | 22 | ||||||
236 | Computer Programs & Systems, Inc. | 6 | ||||||
631 | Evolent Health, Inc. (a) | 6 | ||||||
194 | Health Catalyst, Inc. (a) | 7 | ||||||
224 | HMS Holdings Corp. (a) | 7 | ||||||
1,693 | Inovalon Holdings, Inc., Class – A (a) | 32 | ||||||
2,082 | Inspire Medical System, Inc. (a) | 155 | ||||||
222 | Livongo Health, Inc. (a) | 6 | ||||||
1,300 | NextGen Healthcare, Inc. (a) | 21 | ||||||
2,991 | Omnicell, Inc. (a) | 244 | ||||||
243 | Phreesia, Inc. (a) | 6 | ||||||
2,925 | Teladoc Health, Inc. (a) | 244 | ||||||
|
| |||||||
756 | ||||||||
|
| |||||||
Hotels, Restaurants & Leisure — 1.79% |
| |||||||
486 | BJ’s Restaurant, Inc. | 18 | ||||||
2,070 | Bloomin’ Brands, Inc. | 46 | ||||||
937 | Brinker International, Inc. | 39 | ||||||
11,700 | Century Casinos, Inc. (a) | 93 | ||||||
142 | Churchill Downs, Inc. | 19 | ||||||
916 | Dave & Buster’s Entertainment, Inc. | 37 | ||||||
860 | Denny’s Corp. (a) | 17 | ||||||
389 | Dine Brands Global, Inc. | 32 | ||||||
7,494 | Eldorado Resorts, Inc. (a) | 447 | ||||||
3,295 | J. Alexander’s Holdings, Inc. (a) | 32 | ||||||
305 | Marriott Vacations Worldwide Corp. | 39 | ||||||
731 | Papa John’s International, Inc. | 46 | ||||||
2,612 | Penn National Gaming, Inc. (a) | 67 | ||||||
2,752 | Planet Fitness, Inc., Class – A (a) | 205 | ||||||
316 | PlayAGS, Inc. (a) | 4 | ||||||
12,047 | Potbelly Corp. (a) | 51 | ||||||
12,247 | Red Lion Hotels Corp. (a) | 46 | ||||||
1,660 | Red Rock Resorts, Inc., Class – A | 40 | ||||||
522 | Ruth’s Hospitality Group, Inc. | 11 | ||||||
1,326 | Scientific Games Corp., Class – A (a) | 36 | ||||||
156 | SeaWorld Entertainment, Inc. (a) | 5 | ||||||
83 | Shake Shack, Inc., Class – A (a) | 5 | ||||||
598 | Texas Roadhouse, Inc., Class – A | 34 | ||||||
2,146 | The Cheesecake Factory, Inc. | 83 | ||||||
406 | The Habit Restaurants, Inc. (a) | 4 |
Shares | Security Description | Value (000) | ||||||
Hotels, Restaurants & Leisure (continued) |
| |||||||
267 | Twin River Worldwide Holdings, Inc. | $ | 7 | |||||
718 | Vail Resorts, Inc. | 172 | ||||||
1,426 | Wingstop, Inc. | 123 | ||||||
|
| |||||||
1,758 | ||||||||
|
| |||||||
Household Durables — 1.72% |
| |||||||
1,687 | Bassett Furniture Industries, Inc. | 28 | ||||||
286 | Cavco Industries, Inc. (a) | 56 | ||||||
5,884 | Century Communities, Inc. (a) | 161 | ||||||
2,995 | Gopro, Inc., Class – A (a) | 13 | ||||||
14,634 | Green Brick Partners, Inc. (a) | 168 | ||||||
97 | Helen of Troy Ltd. (a) | 17 | ||||||
157 | Hooker Furniture Corp. | 4 | ||||||
693 | iRobot Corp. (a) | 35 | ||||||
856 | La-Z-Boy, Inc. | 27 | ||||||
4,300 | LGI Homes, Inc. (a) | 305 | ||||||
720 | MDC Holdings, Inc. | 27 | ||||||
1,111 | Meritage Homes Corp. (a) | 68 | ||||||
209 | Roku, Inc. (a) | 28 | ||||||
2,221 | Skyline Champion Corp. (a) | 70 | ||||||
1,679 | Sonos, Inc. (a) | 26 | ||||||
2,716 | Taylor Morrison Home Corp., Class – A (a) | 59 | ||||||
1,592 | TopBuild Corp. (a) | 164 | ||||||
3,928 | TRI Pointe Homes, Inc. (a) | 61 | ||||||
6,954 | Universal Electronics, Inc. (a) | 364 | ||||||
|
| |||||||
1,681 | ||||||||
|
| |||||||
Household Products — 0.04% |
| |||||||
250 | Central Garden & Pet Co. (a) | 8 | ||||||
1,000 | Central Garden & Pet Co., Class – A (a) | 29 | ||||||
30 | WD-40 Co. | 6 | ||||||
|
| |||||||
43 | ||||||||
|
| |||||||
Independent Power and Renewable Electricity Producers — 0.19% |
| |||||||
22,930 | Atlantic Power Corp. (a) | 53 | ||||||
1,620 | Clearway Energy, Inc., Class – C | 32 | ||||||
86 | Ormat Technologies, Inc. | 6 | ||||||
3,840 | Pattern Energy Group, Inc. | 103 | ||||||
|
| |||||||
194 | ||||||||
|
| |||||||
Industrial Conglomerates — 0.03% |
| |||||||
853 | Raven Industries, Inc. | 29 | ||||||
|
| |||||||
Insurance — 1.87% |
| |||||||
689 | Ambac Financial Group, Inc. (a) | 15 | ||||||
2,144 | American Equity Investment Life Holding Co. | 64 | ||||||
1,701 | American Financial Group, Inc. | 187 | ||||||
273 | AMERISAFE, Inc. | 18 | ||||||
4,637 | Argo Group International Holdings Ltd. | 305 | ||||||
917 | Citizens, Inc. (a) | 6 | ||||||
2,927 | CNO Financial Group, Inc. | 53 | ||||||
90 | eHealth, Inc. (a) | 9 | ||||||
946 | Employers Holdings, Inc. | 39 | ||||||
1,301 | Everest Re Group Ltd. | 361 | ||||||
2,153 | FedNat Holding Co. | 36 | ||||||
12,038 | Genworth Financial, Inc., Class – A (a) | 53 | ||||||
4,534 | Goosehead Insurance, Inc. | 192 | ||||||
819 | Horace Mann Educators Corp. | 36 |
See accompanying notes to financial statements.
47
HC CAPITAL TRUST
The Small Capitalization-Mid Capitalization Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) |
| |||||||
Insurance (continued) |
| |||||||
328 | James River Group Holdings | $ | 14 | |||||
655 | Kinsale Capital Group, Inc. | 67 | ||||||
1,894 | MBIA, Inc. (a) | 18 | ||||||
720 | ProAssurance Corp. | 26 | ||||||
186 | Safety Insurance Group, Inc. | 17 | ||||||
318 | State Auto Financial Corp. | 10 | ||||||
557 | Stewart Information Services Corp. | 23 | ||||||
656 | Universal Insurance Holdings, Inc. | 18 | ||||||
4,047 | W.R. Berkley Corp. | 279 | ||||||
|
| |||||||
1,846 | ||||||||
|
| |||||||
Interactive Media & Services — 0.26% |
| |||||||
400 | Care.com, Inc. (a) | 6 | ||||||
132 | Cargurus, Inc. (a) | 5 | ||||||
1,596 | Cars.com, Inc. (a) | 20 | ||||||
868 | Eventbrite, Inc. (a) | 18 | ||||||
674 | Liberty TripAdvisor Holdings, Inc., Class – A (a) | 5 | ||||||
5,095 | QuinStreet, Inc. (a) | 78 | ||||||
22,715 | The Meet Group, Inc. (a) | 113 | ||||||
206 | Yelp, Inc. (a) | 7 | ||||||
|
| |||||||
252 | ||||||||
|
| |||||||
Internet & Direct Marketing Retail — 0.13% |
| |||||||
185 | 1-800-Flowers.com, Inc., Class – A (a) | 3 | ||||||
1,351 | Etsy, Inc. (a) | 59 | ||||||
724 | Gaia, Inc. (a) | 6 | ||||||
666 | Overstock.com, Inc. (a) | 5 | ||||||
1,784 | Quotient Technology, Inc. (a) | 18 | ||||||
453 | Shutterstock, Inc. (a) | 18 | ||||||
57 | Stamps.com, Inc. (a) | 5 | ||||||
254 | Stitch Fix, Inc., Class – A (a) | 7 | ||||||
522 | The Realreal, Inc. (a) | 10 | ||||||
|
| |||||||
131 | ||||||||
|
| |||||||
IT Services — 3.34% |
| |||||||
2,966 | Alliance Data Systems Corp. | 333 | ||||||
62 | Booz Allen Hamilton Holding Corp. | 4 | ||||||
36,077 | Brightcove, Inc. (a) | 314 | ||||||
20 | CACI International, Inc., Class – A (a) | 5 | ||||||
1,374 | Cardtronics PLC (a) | 61 | ||||||
526 | Cass Information Systems, Inc. | 30 | ||||||
4,142 | Conduent, Inc. (a) | 26 | ||||||
47 | CoreLogic, Inc. (a) | 2 | ||||||
783 | CSG Systems International, Inc. | 41 | ||||||
2,321 | Euronet Worldwide, Inc. (a) | 366 | ||||||
2,925 | EVERTEC, Inc. | 100 | ||||||
798 | Exlservice Holdings, Inc. (a) | 55 | ||||||
2,314 | Global Payments, Inc. | 422 | ||||||
450 | GTT Communications, Inc.^ (a) | 5 | ||||||
11,856 | Information Services Group, Inc. (a) | 30 | ||||||
1,247 | Jack Henry & Associates, Inc. | 182 | ||||||
25,888 | KBR, Inc. | 791 | ||||||
2,099 | Limelight Networks, Inc. (a) | 9 | ||||||
1,290 | LiveRamp Holdings, Inc. (a) | 62 | ||||||
78 | ManTech International Corp., Class – A | 6 | ||||||
289 | MAXIMUS, Inc. | 21 | ||||||
11,798 | MoneyGram International, Inc. (a) | 25 |
Shares | Security Description | Value (000) | ||||||
IT Services (continued) |
| |||||||
1,563 | NIC, Inc. | $ | 35 | |||||
767 | Perficient, Inc. (a) | 35 | ||||||
654 | Perspecta, Inc. | 17 | ||||||
381 | Science Applications International Corp. | 33 | ||||||
2,433 | Sykes Enterprises, Inc. (a) | 90 | ||||||
135 | The Hackett Group, Inc. | 2 | ||||||
111 | TTEC Holdings, Inc. | 4 | ||||||
68 | Tucows, Inc. (a) | 4 | ||||||
925 | Twilio, Inc., Class – A (a) | 91 | ||||||
4,813 | Verra Mobility Corp. (a) | 67 | ||||||
109 | Virtusa Corp. (a) | 5 | ||||||
|
| |||||||
3,273 | ||||||||
|
| |||||||
Leisure Products — 0.37% |
| |||||||
4,164 | Callaway Golf Co. | 88 | ||||||
77 | Johnson Outdoors, Inc., Class – A | 6 | ||||||
16,066 | Vista Outdoor, Inc. (a) | 120 | ||||||
4,167 | Yeti Holdings, Inc. (a) | 145 | ||||||
|
| |||||||
359 | ||||||||
|
| |||||||
Life Sciences Tools & Services — 0.65% |
| |||||||
13 | Bio-Rad Laboratories, Inc., Class – A (a) | 5 | ||||||
102 | Bruker Biosciences Corp. | 5 | ||||||
1,258 | Codexis, Inc. (a) | 20 | ||||||
2,529 | Luminex Corp. | 59 | ||||||
656 | Medpace Holdings, Inc. (a) | 55 | ||||||
191 | NanoString Technologies, Inc. (a) | 5 | ||||||
7,961 | NeoGenomics, Inc. (a) | 233 | ||||||
904 | Pacific Biosciences of California, Inc. (a) | 5 | ||||||
58 | PRA Health Sciences, Inc. (a) | 6 | ||||||
5,388 | Qiagen N.V. (a) | 182 | ||||||
1,153 | Syneos Health, Inc. (a) | 69 | ||||||
|
| |||||||
644 | ||||||||
|
| |||||||
Machinery — 2.62% |
| |||||||
2,517 | Actuant Corp., Class – A | 66 | ||||||
48 | AGCO Corp. | 4 | ||||||
60 | Albany International Corp. | 5 | ||||||
1,530 | Altra Industrial Motion Corp. | 55 | ||||||
414 | Astec Industries, Inc. | 17 | ||||||
874 | Barnes Group, Inc. | 54 | ||||||
360 | Blue Bird Corp. (a) | 8 | ||||||
1,130 | Briggs & Stratton Corp. | 8 | ||||||
759 | Chart Industries, Inc. (a) | 51 | ||||||
331 | CIRCOR International, Inc. (a) | 15 | ||||||
2,181 | Columbus McKinnon Corp. | 87 | ||||||
533 | Douglas Dynamics, Inc. | 29 | ||||||
646 | ENPRO Industries, Inc. | 43 | ||||||
56 | ESCO Technologies, Inc. | 5 | ||||||
3,382 | Evoqua Water Technologies Co. (a) | 64 | ||||||
1,842 | Federal Signal Corp. | 59 | ||||||
130 | Franklin Electric Co., Inc. | 7 | ||||||
393 | Gencor Industries, Inc. (a) | 5 | ||||||
1,892 | Harsco Corp. (a) | 44 | ||||||
105 | Helios Technologies, Inc. | 5 | ||||||
2,648 | Hillenbrand, Inc. | 88 | ||||||
151 | Hurco Companies, Inc. | 6 | ||||||
241 | Hyster-Yale Materials Handling, Inc. | 14 |
See accompanying notes to financial statements.
48
HC CAPITAL TRUST
The Small Capitalization-Mid Capitalization Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) |
| |||||||
Machinery (continued) |
| |||||||
1,082 | IDEX Corp. | $ | 187 | |||||
1,220 | ITT, Inc. | 90 | ||||||
741 | John Bean Technologies Corp. | 83 | ||||||
368 | Kadant, Inc. | 39 | ||||||
237 | Kennametal, Inc. | 9 | ||||||
3,017 | Kornit Digital Ltd. (a) | 103 | ||||||
1,067 | Lincoln Electric Holdings, Inc. | 103 | ||||||
229 | Luxfer Holdings PLC | 4 | ||||||
21,550 | Meritor, Inc. (a) | 565 | ||||||
151 | Miller Industries, Inc. | 6 | ||||||
1,319 | Mueller Industries, Inc. | 42 | ||||||
2,294 | Mueller Water Products, Inc., Class – A | 27 | ||||||
1,453 | Navistar International Corp. (a) | 42 | ||||||
498 | NN, Inc. | 5 | ||||||
47 | Oshkosh Corp. | 4 | ||||||
161 | Park-Ohio Holdings Corp. | 5 | ||||||
39 | RBC Bearings, Inc. (a) | 6 | ||||||
150 | Rexnord Corp. (a) | 5 | ||||||
268 | Spartan Motors, Inc. | 5 | ||||||
1,356 | SPX Corp. (a) | 69 | ||||||
1,977 | SPX FLOW, Inc. (a) | 97 | ||||||
170 | Standex International Corp. | 13 | ||||||
244 | Tennant Co. | 19 | ||||||
1,507 | Terex Corp. | 45 | ||||||
238 | The Gorman-Rupp Co. | 9 | ||||||
1,819 | The Greenbrier Cos., Inc. | 59 | ||||||
400 | The Manitowoc Co., Inc. (a) | 7 | ||||||
1,453 | Titan International, Inc. | 5 | ||||||
1,081 | TriMas Corp. (a) | 34 | ||||||
116 | Trinity Industries, Inc. | 3 | ||||||
685 | Wabash National Corp. | 10 | ||||||
940 | WABCO Holdings, Inc. (a) | 128 | ||||||
306 | Welbilt, Inc. (a) | 5 | ||||||
37 | Woodward, Inc. | 4 | ||||||
|
| |||||||
2,576 | ||||||||
|
| |||||||
Marine — 0.33% |
| |||||||
2,828 | Kirby Corp. (a) | 254 | ||||||
1,552 | Matson, Inc. | 63 | ||||||
7,324 | Safe Bulkers, Inc. (a) | 12 | ||||||
|
| |||||||
329 | ||||||||
|
| |||||||
Media — 0.99% |
| |||||||
7,226 | Cardlytics, Inc. (a) | 455 | ||||||
3,016 | Clear Channel Outdoor Holdings, Inc. (a) | 9 | ||||||
2,270 | ComScore, Inc. (a) | 11 | ||||||
3,973 | Emerald Expositions Events, Inc. | 42 | ||||||
1,047 | Entercom Communications Corp. | 5 | ||||||
5,787 | Fluent, Inc. (a) | 14 | ||||||
1,688 | Gannett Co., Inc. | 11 | ||||||
5,607 | Gray Television, Inc. (a) | 121 | ||||||
608 | Liberty Lilac Group, Class – C (a) | 12 | ||||||
1,343 | Marchex, Inc. (a) | 5 | ||||||
2,066 | MDC Partners, Inc., Class – A (a) | 6 | ||||||
715 | Meredith Corp. | 23 | ||||||
1,392 | MSG Networks, Inc., Class – A (a) | 24 |
Shares | Security Description | Value (000) | ||||||
Media (continued) |
| |||||||
1,018 | Nexstar Media Group, Inc., Class – A | $ | 119 | |||||
701 | Scholastic Corp. | 27 | ||||||
4,030 | TEGNA, Inc. | 67 | ||||||
270 | The E.W. Scripps Co., Class – A | 4 | ||||||
414 | Tribune Publishing Co. | 5 | ||||||
584 | WideOpenwest, Inc. (a) | 4 | ||||||
|
| |||||||
964 | ||||||||
|
| |||||||
Metals & Mining — 2.73% |
| |||||||
5,446 | Agnico-Eagle Mines Ltd. | 336 | ||||||
10,106 | AK Steel Holding Corp. (a) | 33 | ||||||
34,602 | Allegheny Technologies, Inc. (a) | 715 | ||||||
5,940 | Carpenter Technology Corp. | 296 | ||||||
555 | Cleveland-Cliffs, Inc. | 5 | ||||||
5,234 | Coeur Mining, Inc. (a) | 42 | ||||||
257 | Commercial Metals Co. | 6 | ||||||
3,679 | Compass Minerals International, Inc. | 224 | ||||||
12,135 | Hecla Mining Co. | 41 | ||||||
380 | Kaiser Aluminum Corp. | 42 | ||||||
482 | Materion Corp. | 29 | ||||||
5,434 | Novagold Resources, Inc. (a) | 49 | ||||||
248 | Olympic Steel, Inc. | 4 | ||||||
34,333 | Pan American Silver Corp. | 813 | ||||||
6,494 | Timkensteel Corp. (a) | 51 | ||||||
|
| |||||||
2,686 | ||||||||
|
| |||||||
Mortgage Real Estate Investment Trusts — 0.68% |
| |||||||
2,943 | AG Mortgage Investment Trust, Inc. | 45 | ||||||
81 | Apollo Commercial Real Estate Finance, Inc. | 1 | ||||||
831 | Arbor Realty Trust, Inc. | 12 | ||||||
4,191 | ARMOUR Residential REIT, Inc. | 75 | ||||||
443 | Blackstone Mortgage Trust, Inc. | 16 | ||||||
617 | Cherry Hill Mortgage Investment Corp. | 9 | ||||||
445 | Dynex Capital, Inc. | 8 | ||||||
1,873 | Hannon Armstrong Sustainable Infrastructure Capital, Inc. | 60 | ||||||
1,567 | KKR Real Estate Finance Trust, Inc. | 32 | ||||||
2,760 | Ladder Capital Corp. | 50 | ||||||
13,053 | New York Mortgage Trust, Inc. | 81 | ||||||
2,092 | Pennymac Mortgage Investment Trust | 47 | ||||||
8,825 | Redwood Trust, Inc. | 147 | ||||||
3,520 | TPG RE Finance Trust, Inc. | 71 | ||||||
963 | Western Asset Mortgage Capital Corp. | 10 | ||||||
|
| |||||||
664 | ||||||||
|
| |||||||
Multiline Retail — 0.07% |
| |||||||
926 | Big Lots, Inc. | 27 | ||||||
529 | Dillard’s, Inc., Class – A^ | 38 | ||||||
|
| |||||||
65 | ||||||||
|
| |||||||
Multi-Utilities — 0.32% |
| |||||||
2,595 | Avista Corp. | 125 | ||||||
1,453 | Black Hills Corp. | 114 | ||||||
1,139 | Unitil Corp. | 70 | ||||||
|
| |||||||
309 | ||||||||
|
| |||||||
Oil, Gas & Consumable Fuels — 2.77% |
| |||||||
572 | Amplify Energy Corp. | 4 | ||||||
857 | Berry Petroleum Corp. | 8 |
See accompanying notes to financial statements.
49
HC CAPITAL TRUST
The Small Capitalization-Mid Capitalization Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) |
| |||||||
Oil, Gas & Consumable Fuels (continued) |
| |||||||
5,442 | Callon Petroleum Co. (a) | $ | 26 | |||||
29,809 | Centennial Resource Development, Inc., Class – A (a) | 138 | ||||||
4,434 | CNX Resources Corp. (a) | 39 | ||||||
457 | Comstock Resources, Inc. (a) | 4 | ||||||
230 | Delek US Holdings, Inc. | 8 | ||||||
2,476 | Energy Fuels, Inc.^ (a) | 5 | ||||||
27,945 | Euronav N.V. | 350 | ||||||
873 | Evolution Petroleum Corp. | 5 | ||||||
7,092 | Falcon Minerals Corp. | 50 | ||||||
21,803 | GasLog Ltd. | 212 | ||||||
9,511 | Golar LNG Ltd. | 136 | ||||||
676 | Green Plains, Inc. | 10 | ||||||
15,171 | Hallador Energy Co. | 45 | ||||||
187 | International Seaways, Inc. (a) | 6 | ||||||
1,984 | Jagged Peak Energy, Inc. (a) | 17 | ||||||
5,163 | Magnolia Oil & Gas Corp. (a) | 65 | ||||||
1,501 | Matador Resources Co. (a) | 27 | ||||||
6,492 | Montage Resources Corp. (a) | 52 | ||||||
29,568 | Navigator Holdings Ltd. (a) | 399 | ||||||
12,629 | Noble Energy, Inc. | 314 | ||||||
2,581 | Nordic American Tankers Ltd. | 13 | ||||||
3,777 | Northern Oil & Gas, Inc. (a) | 9 | ||||||
1,675 | Oasis Petroleum, Inc. (a) | 5 | ||||||
14,435 | Overseas Shipholding Group, Inc. (a) | 33 | ||||||
2,537 | Panhandle Oil & Gas, Inc., Class – A | 28 | ||||||
842 | Par Pacific Holdings, Inc. (a) | 20 | ||||||
6,573 | PDC Energy, Inc. (a) | 172 | ||||||
1,629 | Peabody Energy Corp. | 15 | ||||||
14,809 | QEP Resources, Inc. | 67 | ||||||
244 | Renewable Energy Group, Inc. (a) | 7 | ||||||
103 | REX American Resources Corp. (a) | 8 | ||||||
9,091 | SandRidge Energy, Inc. (a) | 39 | ||||||
1,030 | Scorpio Tankers, Inc. | 41 | ||||||
3,236 | SFL Corp. Ltd. | 47 | ||||||
10,368 | SM Energy Co. | 117 | ||||||
12,932 | Southwestern Energy Co. (a) | 31 | ||||||
4,946 | SRC Energy, Inc. (a) | 20 | ||||||
281 | Talos Energy, Inc. (a) | 8 | ||||||
892 | Teekay Corp. | 5 | ||||||
1,277 | Tellurian, Inc. (a) | 9 | ||||||
1,899 | World Fuel Services Corp. | 82 | ||||||
|
| |||||||
2,696 | ||||||||
|
| |||||||
Paper & Forest Products — 0.18% |
| |||||||
2,221 | Boise Cascade Co. | 80 | ||||||
297 | Clearwater Paper Corp. (a) | 6 | ||||||
67 | Domtar Corp. | 3 | ||||||
907 | Louisiana-Pacific Corp. | 27 | ||||||
808 | PH Glatfelter Co. | 15 | ||||||
734 | Schweitzer-Mauduit International, Inc. | 31 | ||||||
646 | Verso Corp. (a) | 12 | ||||||
|
| |||||||
174 | ||||||||
|
| |||||||
Personal Products — 0.18% |
| |||||||
354 | e.l.f. Beauty, Inc. (a) | 6 |
Shares | Security Description | Value (000) | ||||||
Personal Products (continued) | ||||||||
2,121 | Edgewell Personal Care Co. (a) | $ | 66 | |||||
418 | Inter Parfums, Inc. | 30 | ||||||
16 | Nu Skin Enterprises, Inc., Class – A | 1 | ||||||
947 | USANA Health Sciences, Inc. (a) | 74 | ||||||
|
| |||||||
177 | ||||||||
|
| |||||||
Pharmaceuticals — 2.02% |
| |||||||
2,127 | AcelRx Pharmaceuticals, Inc.^ (a) | 4 | ||||||
10,185 | Acer Therapeutics, Inc.^ (a) | 41 | ||||||
18,027 | Aclaris Therapeutics, Inc. (a) | 34 | ||||||
7,910 | Aerie Pharmaceuticals, Inc. (a) | 190 | ||||||
296 | Akcea Therapeutics, Inc. (a) | 5 | ||||||
1,332 | Akorn, Inc. (a) | 2 | ||||||
2,228 | Amneal Pharmaceuticals, Inc. (a) | 11 | ||||||
114 | Arvinas, Inc. (a) | 5 | ||||||
420 | Assembly Biosciences, Inc. (a) | 9 | ||||||
599 | Axsome Therapeutics, Inc. (a) | 62 | ||||||
3,976 | Baudax Bio, Inc. (a) | 28 | ||||||
122 | Catalent, Inc. (a) | 7 | ||||||
1,307 | Corcept Therapeutics, Inc. (a) | 16 | ||||||
763 | CorMedix, Inc. (a) | 6 | ||||||
3,000 | Cumberland Pharmaceuticals, Inc. (a) | 15 | ||||||
381 | Dermira, Inc. (a) | 6 | ||||||
112 | Elanco Animal Health, Inc. (a) | 3 | ||||||
11,642 | ENDO International PLC (a) | 55 | ||||||
3,254 | EyePoint Pharmaceuticals, Inc. (a) | 5 | ||||||
3,119 | Horizon Therapeutics PLC (a) | 113 | ||||||
5,792 | Innoviva, Inc. (a) | 82 | ||||||
570 | Intersect ENT, Inc. (a) | 14 | ||||||
717 | Intra-Cellular Therapies, Inc. (a) | 25 | ||||||
1,037 | Kala Pharmaceuticals, Inc. (a) | 4 | ||||||
428 | Lannett Co., Inc. (a) | 4 | ||||||
16,455 | Marinus Pharmaceuticals, Inc. (a) | 36 | ||||||
1,056 | Myokardia, Inc. (a) | 77 | ||||||
2,500 | Nektar Therapeutics (a) | 54 | ||||||
268 | NGM Biopharmaceuticals, Inc. (a) | 5 | ||||||
200 | Omthera Pharmaceuticals, Inc. | — | ||||||
489 | Optinose, Inc. (a) | 5 | ||||||
8,110 | Pacira BioSciences, Inc. (a) | 367 | ||||||
2,490 | Phibro Animal Health Corp., Class – A | 62 | ||||||
2,489 | Prestige Consumer Healthcare, Inc. (a) | 101 | ||||||
339 | Reata Pharmaceuticals, Inc., Class – A (a) | 69 | ||||||
1,048 | Revance Therapeutics, Inc. (a) | 17 | ||||||
218 | Supernus Pharmaceuticals, Inc. (a) | 5 | ||||||
2,064 | The Medicines Co. (a) | 175 | ||||||
99,033 | TherapeuticsMD, Inc.^ (a) | 239 | ||||||
232 | Theravance Biopharma, Inc. (a) | 6 | ||||||
535 | WaVe Life Sciences Ltd. (a) | 4 | ||||||
142 | Zogenix, Inc. (a) | 7 | ||||||
854 | Zynerba Pharmaceuticals, Inc.^ (a) | 5 | ||||||
|
| |||||||
1,980 | ||||||||
|
| |||||||
Professional Services — 0.55% |
| |||||||
18,649 | Acacia Research Corp. (a) | 50 | ||||||
375 | ASGN, Inc. (a) | 27 | ||||||
54 | Barrett Business Services, Inc. | 5 | ||||||
1,901 | CBIZ, Inc. (a) | 51 |
See accompanying notes to financial statements.
50
HC CAPITAL TRUST
The Small Capitalization-Mid Capitalization Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) |
| |||||||
Professional Services (continued) |
| |||||||
92 | Exponent, Inc. | $ | 6 | |||||
302 | Forrester Research, Inc. (a) | 13 | ||||||
56 | FTI Consulting, Inc. (a) | 6 | ||||||
447 | Heidrick & Struggles International, Inc. | 15 | ||||||
815 | Huron Consulting Group, Inc. (a) | 56 | ||||||
603 | ICF International, Inc. | 55 | ||||||
788 | Kelly Services, Inc., Class – A | 18 | ||||||
982 | Kforce, Inc. | 39 | ||||||
1,175 | Korn Ferry | 50 | ||||||
333 | Mistras Group, Inc. (a) | 5 | ||||||
312 | Resources Connections, Inc. | 5 | ||||||
87 | TriNet Group, Inc. (a) | 5 | ||||||
2,445 | TrueBlue, Inc. (a) | 58 | ||||||
1,350 | Upwork, Inc. (a) | 14 | ||||||
1,821 | Willdan Group, Inc. (a) | 58 | ||||||
|
| |||||||
536 | ||||||||
|
| |||||||
Real Estate Management & Development — 0.46% |
| |||||||
1,898 | Cushman & Wakefield PLC (a) | 39 | ||||||
2,505 | Forestar Group, Inc. (a) | 52 | ||||||
2,275 | Kennedy-Wilson Holdings, Inc. | 51 | ||||||
1,560 | Marcus & Millichap, Inc. (a) | 58 | ||||||
634 | Maui Land & Pineapple Co., Inc. (a) | 7 | ||||||
1,933 | Newmark Group, Inc., Class – A | 26 | ||||||
40 | Rafael Holdings, Inc., Class – B (a) | 1 | ||||||
1,448 | RE/MAX Holdings, Inc., Class – A | 56 | ||||||
2,705 | Realogy Holdings Corp. | 26 | ||||||
2,099 | Redfin Corp. (a) | 44 | ||||||
800 | Tejon Ranch Co. (a) | 13 | ||||||
280 | The RMR Group, Inc., Class – A | 13 | ||||||
3,217 | The St. Joe Co. (a) | 63 | ||||||
|
| |||||||
449 | ||||||||
|
| |||||||
Road & Rail — 0.56% |
| |||||||
344 | ArcBest Corp. | 9 | ||||||
1,472 | Avis Budget Group, Inc. (a) | 47 | ||||||
1,115 | Daseke, Inc. (a) | 4 | ||||||
852 | Heartland Express, Inc. | 18 | ||||||
1,358 | Hertz Global Holdings, Inc. (a) | 21 | ||||||
8,656 | Knight-Swift Transportation Holdings, Inc. | 312 | ||||||
364 | Marten Transport Ltd. | 8 | ||||||
103 | P.A.M. Transportation Services, Inc. (a) | 6 | ||||||
1,217 | Saia, Inc. (a) | 113 | ||||||
1,004 | US Xpress Enterprise, Inc., Class – A (a) | 5 | ||||||
123 | Werner Enterprises, Inc. | 4 | ||||||
|
| |||||||
547 | ||||||||
|
| |||||||
Semiconductors & Semiconductor Equipment — 5.38% |
| |||||||
7,612 | Adesto Technologies Corp. (a) | 65 | ||||||
1,752 | Advanced Energy Industries, Inc. (a) | 125 | ||||||
4,563 | Advanced Micro Devices, Inc. (a) | 209 | ||||||
2,105 | Ambarella, Inc. (a) | 127 | ||||||
7,266 | Amkor Technology, Inc. (a) | 94 | ||||||
2,187 | AXT, Inc. (a) | 10 | ||||||
185 | Brooks Automation, Inc. | 8 | ||||||
271 | Cirrus Logic, Inc. (a) | 22 |
Shares | Security Description | Value (000) | ||||||
Semiconductors & Semiconductor Equipment (continued) |
| |||||||
5,604 | Cree, Inc. (a) | $ | 259 | |||||
12,642 | Cypress Semiconductor Corp. | 295 | ||||||
156 | Diodes, Inc. (a) | 9 | ||||||
126 | Entegris, Inc. | 6 | ||||||
4,167 | FormFactor, Inc. (a) | 108 | ||||||
6,298 | GSI Technology, Inc. (a) | 45 | ||||||
169 | Inphi Corp. (a) | 13 | ||||||
5,553 | Lattice Semiconductor Corp. (a) | 106 | ||||||
15,955 | MA-COM Technology Solutions Holdings, Inc. (a) | 424 | ||||||
9,228 | Marvell Technology Group Ltd. | 245 | ||||||
2,141 | MKS Instruments, Inc. | 236 | ||||||
4,390 | Monolithic Power Systems, Inc. | 782 | ||||||
1,306 | Power Integrations, Inc. | 129 | ||||||
4,819 | Qorvo, Inc. (a) | 560 | ||||||
2,626 | Rambus, Inc. (a) | 36 | ||||||
8,653 | Semtech Corp. (a) | 457 | ||||||
2,219 | Silicon Laboratories, Inc. (a) | 257 | ||||||
1,496 | SunPower Corp. (a) | 12 | ||||||
799 | Synaptics, Inc. (a) | 53 | ||||||
3,411 | Ultra Clean Holdings, Inc. (a) | 80 | ||||||
2,370 | Universal Display Corp. | 488 | ||||||
1,171 | Xperi Corp. | 22 | ||||||
|
| |||||||
5,282 | ||||||||
|
| |||||||
Software — 4.19% |
| |||||||
8,180 | 2U, Inc. (a) | 196 | ||||||
900 | 8x8, Inc. (a) | 16 | ||||||
192 | ACI Worldwide, Inc. (a) | 7 | ||||||
874 | Alarm.com Holding, Inc. (a) | 38 | ||||||
1,321 | Alteryx, Inc. (a) | 132 | ||||||
172 | Appian Corp. (a) | 7 | ||||||
4,648 | Asure Software, Inc. (a) | 38 | ||||||
49 | Avalara, Inc. (a) | 4 | ||||||
2,639 | Avaya Holdings Corp. (a) | 36 | ||||||
13,757 | Benefitfocus, Inc. (a) | 302 | ||||||
101 | Blackline, Inc. (a) | 5 | ||||||
3,408 | Box, Inc., Class – A (a) | 57 | ||||||
2,559 | Cerence, Inc. (a) | 58 | ||||||
2,177 | Cision Ltd. (a) | 22 | ||||||
5,614 | Cloudera, Inc. (a) | 65 | ||||||
1,982 | CommVault Systems, Inc. (a) | 88 | ||||||
288 | Coupa Software, Inc. (a) | 42 | ||||||
149 | Ebix, Inc. | 5 | ||||||
106 | Envestnet, Inc. (a) | 7 | ||||||
465 | Everbridge, Inc. (a) | 36 | ||||||
83 | Fair Isaac Corp. (a) | 31 | ||||||
413 | Five9, Inc. (a) | 27 | ||||||
1,046 | Forescout Technologies, Inc. (a) | 34 | ||||||
1,782 | Guidewire Software, Inc. (a) | 196 | ||||||
1,002 | HubSpot, Inc. (a) | 159 | ||||||
811 | Instructure, Inc. (a) | 39 | ||||||
120 | J2 Global, Inc. | 11 | ||||||
4,271 | LivePerson, Inc. (a) | 158 | ||||||
196 | MicroStrategy, Inc., Class – A (a) | 28 | ||||||
4,865 | Model N, Inc. (a) | 171 | ||||||
20,476 | Nuance Communications, Inc. (a) | 366 |
See accompanying notes to financial statements.
51
HC CAPITAL TRUST
The Small Capitalization-Mid Capitalization Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) |
| |||||||
Software (continued) |
| |||||||
1,141 | Progress Software Corp. | $ | 47 | |||||
1,472 | Proofpoint, Inc. (a) | 169 | ||||||
1,042 | PROS Holdings, Inc. (a) | 62 | ||||||
2,175 | PTC, Inc. (a) | 163 | ||||||
1,392 | Q2 Holdings, Inc. (a) | 113 | ||||||
78 | Rapid7, Inc. (a) | 4 | ||||||
208 | Sailpoint Technologies Holding, Inc. (a) | 5 | ||||||
379 | Secureworks Corp. (a) | 6 | ||||||
831 | SPS Commerce, Inc. (a) | 46 | ||||||
5,196 | SS&C Technologies Holdings, Inc. | 319 | ||||||
2,152 | SVMK, Inc. (a) | 38 | ||||||
1,175 | Synchronoss Technologies, Inc. (a) | 6 | ||||||
8,923 | Telaria, Inc. (a) | 79 | ||||||
880 | Tenable Holdings, Inc. (a) | 21 | ||||||
41,106 | TiVo Corp. | 350 | ||||||
172 | Varonis Systems, Inc. (a) | 13 | ||||||
1,556 | Verint Systems, Inc. (a) | 86 | ||||||
813 | Workiva, Inc. (a) | 34 | ||||||
2,210 | Yext, Inc. (a) | 32 | ||||||
2,107 | Zscaler, Inc. (a) | 98 | ||||||
2,066 | Zuora, Inc., Class – A (a) | 30 | ||||||
|
| |||||||
4,102 | ||||||||
|
| |||||||
Specialty Retail — 1.34% |
| |||||||
284 | Abercrombie & Fitch Co. | 5 | ||||||
332 | American Eagle Outfitters, Inc. | 5 | ||||||
588 | Asbury Automotive Group, Inc. (a) | 66 | ||||||
9,697 | AT Home Group, Inc. (a) | 53 | ||||||
2,900 | Bed Bath & Beyond, Inc.^ | 50 | ||||||
5,224 | Boot Barn Holdings, Inc. (a) | 233 | ||||||
2,210 | Caleres, Inc. | 52 | ||||||
2,067 | Carvana Co. (a) | 190 | ||||||
1,890 | Citi Trends, Inc. | 44 | ||||||
123 | Five Below, Inc. (a) | 16 | ||||||
1,957 | Floor & Decor Holdings, Inc., Class – A (a) | 99 | ||||||
1,301 | GameStop Corp., Class – A^ | 8 | ||||||
161 | Genesco, Inc. (a) | 8 | ||||||
1,310 | GNC Holdings, Inc., Class – A^ (a) | 4 | ||||||
121 | Group 1 Automotive, Inc. | 12 | ||||||
774 | Guess?, Inc. | 17 | ||||||
1,087 | Hudson Ltd., Class – A (a) | 17 | ||||||
74 | Lithia Motors, Inc. | 11 | ||||||
323 | Lumber Liquidators Holdings, Inc. (a) | 3 | ||||||
610 | Monro, Inc. | 48 | ||||||
242 | Murphy USA, Inc. (a) | 28 | ||||||
350 | National Vision Holdings, Inc. (a) | 11 | ||||||
12,926 | Office Depot, Inc. | 35 | ||||||
53 | Penske Automotive Group, Inc. | 3 | ||||||
1,158 | Rent-A-Center, Inc. | 33 | ||||||
266 | Restoration Hardware Co. (a) | 57 | ||||||
2,870 | Sally Beauty Holdings, Inc. (a) | 52 | ||||||
1,323 | Signet Jewelers Ltd. | 28 | ||||||
685 | Sleep Number Corp. (a) | 34 | ||||||
330 | Sonic Automotive, Inc., Class – A | 10 | ||||||
7,426 | Sportsman’s Warehouse Holdings, Inc. (a) | 60 |
Shares | Security Description | Value (000) | ||||||
Specialty Retail (continued) |
| |||||||
390 | The Buckle, Inc. | $ | 11 | |||||
540 | Tilly’s, Inc., Class – A | 7 | ||||||
|
| |||||||
1,310 | ||||||||
|
| |||||||
Technology Hardware, Storage & Peripherals — 0.05% |
| |||||||
2,735 | 3D Systems Corp. (a) | 24 | ||||||
745 | Diebold Nixdorf, Inc. (a) | 8 | ||||||
1,091 | Stratasys Ltd. (a) | 22 | ||||||
|
| |||||||
54 | ||||||||
|
| |||||||
Textiles, Apparel & Luxury Goods — 0.69% |
| |||||||
3,345 | Capri Holdings Ltd. (a) | 128 | ||||||
1,741 | Columbia Sportswear Co. | 174 | ||||||
103 | Crocs, Inc. (a) | 4 | ||||||
240 | Deckers Outdoor Corp. (a) | 41 | ||||||
795 | Delta Apparel, Inc. (a) | 25 | ||||||
611 | G-III Apparel Group Ltd. (a) | 20 | ||||||
1,084 | Kontoor Brands, Inc. | 46 | ||||||
2,000 | Lakeland Industries, Inc. (a) | 22 | ||||||
207 | Vince Holding Corp. (a) | 4 | ||||||
6,374 | Wolverine World Wide, Inc. | 214 | ||||||
|
| |||||||
678 | ||||||||
|
| |||||||
Thrifts & Mortgage Finance — 0.98% |
| |||||||
1,724 | Axos Financial, Inc. (a) | 52 | ||||||
3,141 | Capitol Federal Financial, Inc. | 43 | ||||||
1,259 | Columbia Financial, Inc. (a) | 21 | ||||||
429 | Dime Community Bancshares, Inc. | 9 | ||||||
517 | Essent Group Ltd. | 27 | ||||||
122 | Federal Agricultural Mortgage Corp., Class – C | 10 | ||||||
47 | First Capital, Inc. | 3 | ||||||
360 | First Defiance Financial Corp. | 11 | ||||||
1,244 | Flagstar Bancorp, Inc. | 48 | ||||||
79 | HomeStreet, Inc. (a) | 3 | ||||||
3,094 | Kearny Financial Corp. of Maryland | 43 | ||||||
270 | Luther Burbank Corp. | 3 | ||||||
144 | Meta Financial Group, Inc. | 5 | ||||||
228 | MGIC Investment Corp. | 3 | ||||||
87 | MMA Capital Holdings, Inc. (a) | 3 | ||||||
1,809 | Mr Cooper Group, Inc. (a) | 23 | ||||||
4,468 | NMI Holdings, Inc. (a) | 149 | ||||||
596 | Northfield Bancorp, Inc. | 10 | ||||||
4,027 | Northwest Bancshares, Inc. | 67 | ||||||
3,141 | OceanFirst Financial Corp. | 80 | ||||||
3,080 | OP Bancorp | 32 | ||||||
1,418 | PennyMac Financial Services, Inc. | 48 | ||||||
3,326 | Provident Financial Services, Inc. | 83 | ||||||
1,088 | Radian Group, Inc. | 27 | ||||||
4,633 | TrustCo Bankcorp NY | 40 | ||||||
880 | Walker & Dunlop, Inc. | 57 | ||||||
326 | Western New England Bancorp, Inc. | 3 | ||||||
1,250 | WSFS Financial Corp. | 55 | ||||||
|
| |||||||
958 | ||||||||
|
| |||||||
Tobacco — 0.12% |
| |||||||
986 | Universal Corp. | 56 | ||||||
4,302 | Vector Group Ltd. | 58 | ||||||
|
| |||||||
114 | ||||||||
|
|
See accompanying notes to financial statements.
52
HC CAPITAL TRUST
The Small Capitalization-Mid Capitalization Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Trading Companies & Distributors — 1.88% |
| |||||||
83 | Air Lease Corp. | $ | 4 | |||||
3,305 | Aircastle Ltd. | 106 | ||||||
913 | Applied Industrial Technologies, Inc. | 61 | ||||||
7,467 | Beacon Roofing Supply, Inc. (a) | 239 | ||||||
11,088 | BMC Stock Holdings, Inc. (a) | 317 | ||||||
190 | CAI International, Inc. (a) | 6 | ||||||
5,183 | DXP Enterprises, Inc. (a) | 206 | ||||||
848 | GATX Corp. | 70 | ||||||
592 | H&E Equipment Services, Inc. | 20 | ||||||
944 | Herc Holdings, Inc. (a) | 46 | ||||||
8,468 | MRC Global, Inc. (a) | 116 | ||||||
1,512 | NOW, Inc. (a) | 17 | ||||||
1,140 | Rush Enterprises, Inc., Class – A | 53 | ||||||
1,389 | SiteOne Landscape Supply, Inc. (a) | 126 | ||||||
521 | Textainer Group Holdings Ltd. (a) | 6 | ||||||
114 | Transcat, Inc. (a) | 4 | ||||||
2,263 | Triton International Ltd. | 91 | ||||||
1,540 | Watsco, Inc. | 276 | ||||||
1,283 | Willis Lease Finance Corp. (a) | 76 | ||||||
|
| |||||||
1,840 | ||||||||
|
| |||||||
Transportation Infrastructure — 0.18% |
| |||||||
4,004 | Macquarie Infrastructure Corp. | 172 | ||||||
|
| |||||||
Water Utilities — 0.32% |
| |||||||
969 | American States Water Co. | 83 | ||||||
333 | AquaVenture Holdings Ltd. (a) | 9 | ||||||
190 | Artesian Resources Corp. | 7 | ||||||
600 | California Water Service Group | 31 | ||||||
2,136 | Consolidated Water Co. Ltd. | 35 | ||||||
1,063 | Global Water Resources, Inc. | 14 | ||||||
658 | Middlesex Water Co. | 42 | ||||||
1,064 | SJW Corp. | 76 | ||||||
283 | The York Water Co. | 13 | ||||||
|
| |||||||
310 | ||||||||
|
| |||||||
Wireless Telecommunication Services — 0.26% |
| |||||||
425 | Boingo Wireless, Inc. (a) | 5 | ||||||
30,363 | Gogo, Inc.^ (a) | 195 | ||||||
1,140 | Shenandoah Telecommunications Co. | 47 | ||||||
666 | Spok Holdings, Inc. | 8 | ||||||
|
| |||||||
255 | ||||||||
|
| |||||||
Total Common Stocks | 90,425 | |||||||
|
|
Shares | Security Description | Value (000) | ||||||
Contingent Rights — 0.00% |
| |||||||
Biotechnology — 0.00% |
| |||||||
1 | Tobira Therapeutics, Inc. CVR (a) | $ | — | |||||
|
| |||||||
Chemicals — 0.00% |
| |||||||
97 | Schulman, Inc. CVR (a) | — | ||||||
|
| |||||||
Metals & Mining — 0.00% |
| |||||||
176,955 | Pan American Silver Corp. CVR (a) | — | ||||||
|
| |||||||
Pharmaceuticals — 0.00% |
| |||||||
759 | Aratana Therapeutics, Inc. CVR (a) | — | ||||||
|
| |||||||
Total Contingent Rights | — | |||||||
|
| |||||||
Investment Companies — 7.62% |
| |||||||
1,121,299 | Federated Treasury Obligations Fund, Institutional Shares, 2.29%^^ (b) | 1,121 | ||||||
6,344,227 | State Street Institutional Treasury Plus Money Market Fund, Trust Class, 1.49% (b) | 6,345 | ||||||
|
| |||||||
Total Investment Companies | 7,466 | |||||||
|
| |||||||
Total Investments | 97,891 | |||||||
Other assets in excess of | 104 | |||||||
|
| |||||||
Net Assets — 100.00% | $ | 97,995 | ||||||
|
|
Amounts designated as “—” are $0 or have been rounded to $0.
^ | All or part of this security was on loan as of December 31, 2019. The total value of securities on loan as of December 31, 2019, was $1,087 (amount in thousands). |
^^ | 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 December 31, 2019. |
(a) | Representsnon-income producing security. |
(b) | The rate disclosed is the rate in effect on December 31, 2019. |
ADR — American Depositary Receipt
REIT — Real Estate Investment Trust
See accompanying notes to financial statements.
53
HC CAPITAL TRUST
The Small Capitalization-Mid Capitalization Equity Portfolio
Portfolio of Investments (concluded) — December 31, 2019 (Unaudited)
The following table reflects the percentage of total net assets of the Portfolio attributable to each Specialist Manager as of December 31, 2019.
The SmallCapitalization-Mid Capitalization Equity Portfolio | Frontier Capital Management Company, LLC | Parametric Portfolio Associates, LLC | Total | |||||||||
Common Stocks | 41.66 | % | 50.61 | % | 92.27 | % | ||||||
Contingent Rights | — | 0.00 | % | 0.00 | % | |||||||
Investment Companies | 0.61 | % | 7.01 | % | 7.62 | % | ||||||
Other Assets (Liabilities) | 0.31 | % | -0.20 | % | 0.11 | % | ||||||
|
|
|
|
|
| |||||||
Total Net Assets | 42.58 | % | 57.42 | % | 100.00 | % | ||||||
|
|
|
|
|
|
Amounts designated as “—” indicate the Specialist Manager did not manage any holdings in that category.
Amounts designated as “0.00%” round to less than 0.005%.
The following table reflects the open derivative positions held by the Portfolio as of December 31, 2019.
Futures Contracts Purchased^
Description | Number of Contracts | Expiration Date | Notional Amount (000) | Value and Unrealized Appreciation/ (Depreciation) (000) | ||||||||||
Russell 2000 Mini Index Future | 76 | 3/20/20 | $ | 6,348 | $ | 65 | ||||||||
|
|
|
| |||||||||||
$ | 6,348 | $ | 65 | |||||||||||
|
|
|
| |||||||||||
Total Unrealized Appreciation |
| $ | 65 | |||||||||||
Total Unrealized Depreciation |
| — | ||||||||||||
|
| |||||||||||||
Total Net Unrealized Appreciation/(Depreciation) |
| $ | 65 | |||||||||||
|
|
^ | Cash has been pledged as collateral for futures contracts held by the Portfolio. |
Amounts designated as “—” are $0 or have been rounded to $0.
See accompanying notes to financial statements.
54
HC CAPITAL TRUST
The Institutional Small Capitalization-Mid Capitalization Equity Portfolio
Portfolio of Investments — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks — 66.12% |
| |||||||
Aerospace & Defense — 0.54% |
| |||||||
866 | AAR Corp. | $ | 39 | |||||
1,901 | Aerojet Rocketdyne Holdings, Inc. (a) | 87 | ||||||
554 | Aerovironment, Inc. (a) | 34 | ||||||
595 | Astronics Corp. (a) | 17 | ||||||
1,518 | Axon Enterprise, Inc. (a) | 111 | ||||||
808 | Cubic Corp. | 51 | ||||||
270 | Ducommun, Inc. (a) | 14 | ||||||
6,594 | Kratos Defense & Security Solutions, Inc. (a) | 119 | ||||||
1,502 | Maxar Technologies, Inc. | 24 | ||||||
1,399 | Mercury Systems, Inc. (a) | 97 | ||||||
837 | Moog, Inc., Class – A | 71 | ||||||
134 | National Presto Industries, Inc. | 12 | ||||||
493 | Park Aerospace Corp. | 8 | ||||||
492 | Parsons Corp. (a) | 20 | ||||||
1,305 | Triumph Group, Inc. | 33 | ||||||
289 | Vectrus, Inc. (a) | 15 | ||||||
1,404 | Wesco Aircraft Holdings, Inc. (a) | 15 | ||||||
|
| |||||||
767 | ||||||||
|
| |||||||
Air Freight & Logistics — 0.12% |
| |||||||
1,553 | Air Transport Services Group, Inc. (a) | 36 | ||||||
606 | Atlas Air Worldwide Holdings, Inc. (a) | 17 | ||||||
732 | Echo Global Logistics, Inc. (a) | 15 | ||||||
721 | Forward Air Corp. | 50 | ||||||
831 | Hub Group, Inc., Class – A (a) | 43 | ||||||
991 | Radiant Logistics, Inc. (a) | 6 | ||||||
|
| |||||||
167 | ||||||||
|
| |||||||
Airlines — 2.75% |
| |||||||
2,273 | Alaska Air Group, Inc. | 154 | ||||||
336 | Allegiant Travel Co. | 58 | ||||||
23,305 | American Airlines Group, Inc. | 668 | ||||||
14,683 | Azul SA, ADR (a) | 628 | ||||||
48,801 | Controladora Vuela Cia de Aviacion SAB de CV, ADR (a) | 509 | ||||||
1,202 | Hawaiian Holdings, Inc. | 35 | ||||||
17,553 | JetBlue Airways Corp. (a) | 329 | ||||||
20,732 | Mesa Air Group, Inc. (a) | 186 | ||||||
1,275 | SkyWest, Inc. | 82 | ||||||
1,787 | Spirit Airlines, Inc. (a) | 72 | ||||||
13,613 | United Airlines Holdings, Inc. (a) | 1,200 | ||||||
|
| |||||||
3,921 | ||||||||
|
| |||||||
Auto Components — 0.99% |
| |||||||
2,256 | Adient PLC (a) | 48 | ||||||
2,946 | American Axle & Manufacturing Holdings, Inc. (a) | 32 | ||||||
5,019 | BorgWarner, Inc. | 218 | ||||||
1,285 | Cooper Tire & Rubber Co. | 37 | ||||||
459 | Cooper-Standard Holding, Inc. (a) | 15 | ||||||
29,962 | Dana, Inc. | 545 | ||||||
696 | Dorman Products, Inc. (a) | 53 | ||||||
963 | Fox Factory Holding Corp. (a) | 67 | ||||||
854 | Gentherm, Inc. (a) | 38 | ||||||
630 | LCI Industries | 67 | ||||||
8,150 | Modine Manufacturing Co. (a) | 63 | ||||||
485 | Motorcar Parts of America, Inc. (a) | 11 | ||||||
554 | Standard Motor Products, Inc. | 29 |
Shares | Security Description | Value (000) | ||||||
Auto Components (continued) |
| |||||||
3,930 | Stoneridge, Inc. (a) | $ | 115 | |||||
1,371 | Tenneco, Inc. | 18 | ||||||
727 | Visteon Corp. (a) | 63 | ||||||
|
| |||||||
1,419 | ||||||||
|
| |||||||
Automobiles — 0.03% |
| |||||||
824 | Winnebago Industries, Inc. | 44 | ||||||
|
| |||||||
Banks — 4.61% |
| |||||||
177 | 1st Constitution Bancorp | 4 | ||||||
386 | 1st Source, Inc. | 20 | ||||||
174 | ACNB Corp. | 7 | ||||||
518 | Allegiance Bancshares, Inc. (a) | 19 | ||||||
329 | Amalgamated Bank, Class – A | 6 | ||||||
530 | Amerant Bancorp, Inc. (a) | 12 | ||||||
273 | American National Bankshares, Inc. | 11 | ||||||
1,565 | Ameris Bancorp | 67 | ||||||
222 | Ames National Corp. | 6 | ||||||
325 | Arrow Financial Corp. | 12 | ||||||
574 | Atlantic Capital Bancshares, Inc. (a) | 11 | ||||||
2,066 | Atlantic Union Bankshares Corp. | 78 | ||||||
1,139 | Banc of California, Inc. | 20 | ||||||
490 | BancFirst Corp. | 31 | ||||||
2,556 | BancorpSouth Bank | 80 | ||||||
158 | Bank First Corp. | 11 | ||||||
432 | Bank of Commerce Holdings | 5 | ||||||
357 | Bank of Marin Bancorp | 16 | ||||||
167 | Bankwell Financial Group, Inc. | 5 | ||||||
892 | Banner Corp. | 50 | ||||||
384 | Bar Harbor Bankshares, Inc. | 10 | ||||||
259 | Baycom Corp. (a) | 6 | ||||||
375 | BCB Bancorp, Inc. | 5 | ||||||
1,167 | Berkshire Hills Bancorp, Inc. | 38 | ||||||
2,091 | Boston Private Financial Holdings, Inc. | 25 | ||||||
410 | Bridge Bancorp, Inc. | 14 | ||||||
2,051 | Brookline Bancorp, Inc. | 34 | ||||||
527 | Bryn Mawr Bank Corp. | 22 | ||||||
314 | Business First Bancshares, Inc. | 8 | ||||||
580 | Byline Bancorp, Inc. | 11 | ||||||
83 | C&F Financial Corp. | 5 | ||||||
3,242 | Cadence Bancorp | 59 | ||||||
107 | Cambridge BanCorp | 9 | ||||||
407 | Camden National Corp. | 19 | ||||||
175 | Capital Bancorp, Inc. (a) | 3 | ||||||
338 | Capital City Bank Group, Inc. | 10 | ||||||
361 | Capstar Financial Holdings, Inc. | 6 | ||||||
527 | Carolina Financial Corp. | 23 | ||||||
613 | Carter Bank & Trust (a) | 15 | ||||||
1,982 | Cathay Bancorp, Inc. | 75 | ||||||
468 | CBTX, Inc. | 15 | ||||||
3,123 | Centerstate Bank Corp. | 78 | ||||||
737 | Central Pacific Financial Corp. | 22 | ||||||
295 | Central Valley Community Bancorp | 6 | ||||||
73 | Century Bancorp, Inc., Class – A | 7 | ||||||
86 | Chemung Financial Corp. | 4 | ||||||
304 | Citizens & Northern Corp. | 9 | ||||||
418 | City Holding Co. | 34 |
See accompanying notes to financial statements.
55
HC CAPITAL TRUST
The Institutional Small Capitalization-Mid Capitalization Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) |
| |||||||
Banks (continued) |
| |||||||
376 | Civista Bancshares, Inc. | $ | 9 | |||||
375 | CNB Financial Corp. | 12 | ||||||
174 | Coastal Financial Corp. (a) | 3 | ||||||
280 | Codorus Valley Bancorp, Inc. | 6 | ||||||
180 | Colony Bankcorp | 3 | ||||||
1,864 | Columbia Banking System, Inc. | 76 | ||||||
1,323 | Community Bank System, Inc. | 94 | ||||||
540 | Community Bankers Trust Corp. | 5 | ||||||
412 | Community Trust Bancorp, Inc. | 19 | ||||||
832 | ConnectOne Bancorp, Inc. | 21 | ||||||
161 | CrossFirst Bankshares, Inc. (a) | 2 | ||||||
752 | Customers Bancorp, Inc. (a) | 18 | ||||||
3,477 | CVB Financial Corp. | 75 | ||||||
848 | Eagle Bancorp, Inc. | 41 | ||||||
254 | Enterprise BanCorp, Inc. | 9 | ||||||
645 | Enterprise Financial Services Corp. | 31 | ||||||
379 | Equity Bancshares, Inc. (a) | 12 | ||||||
144 | Esquire Financial Holdings, Inc. (a) | 4 | ||||||
139 | Evans BanCorp, Inc. | 6 | ||||||
252 | Farmers & Merchants Banco | 8 | ||||||
653 | Farmers National Banc Corp. | 11 | ||||||
428 | FB Financial Corp. | 17 | ||||||
68 | Fidelity D&D Bancorp, Inc. | 4 | ||||||
407 | Financial Institutions, Inc. | 13 | ||||||
771 | First Bancorp | 31 | ||||||
31,224 | First Bancorp | 331 | ||||||
259 | First Bancorp | 8 | ||||||
413 | First Bancshares, Inc. | 15 | ||||||
402 | First Bank | 4 | ||||||
1,347 | First Busey Corp. | 37 | ||||||
209 | First Business Financial Services, Inc. | 6 | ||||||
245 | First Choice Bancorp | 7 | ||||||
2,545 | First Commonwealth Financial Corp. | 37 | ||||||
412 | First Community Bancshares, Inc. | 13 | ||||||
2,514 | First Financial Bancorp | 64 | ||||||
3,356 | First Financial Bankshares, Inc. | 117 | ||||||
350 | First Financial Corp. | 16 | ||||||
248 | First Financial Northwest, Inc. | 4 | ||||||
983 | First Foundation, Inc. | 17 | ||||||
155 | First Guaranty Bancshares, Inc. | 3 | ||||||
247 | First Internet Bancorp | 6 | ||||||
971 | First Interstate BancSystem, Inc., Class – A | 41 | ||||||
1,427 | First Merchants Corp. | 59 | ||||||
365 | First Mid-Illinois Bancshares, Inc. | 13 | ||||||
2,750 | First Midwest Bancorp, Inc. | 63 | ||||||
227 | First Northwest Bancorp | 4 | ||||||
681 | Flushing Financial Corp. | 15 | ||||||
415 | FNCB Bancorp, Inc. | 4 | ||||||
339 | Franklin Financial Network, Inc. | 12 | ||||||
102 | Franklin Financial Services Corp. | 4 | ||||||
4,151 | Fulton Financial Corp. | 72 | ||||||
296 | FVCBankcorp, Inc. (a) | 5 | ||||||
659 | German American Bancorp, Inc. | 23 | ||||||
2,243 | Glacier Bancorp, Inc. | 102 |
Shares | Security Description | Value (000) | ||||||
Banks (continued) |
| |||||||
279 | Great Southern Bancorp, Inc. | $ | 18 | |||||
1,479 | Great Western Bancorp, Inc. | 51 | ||||||
233 | Guaranty Bancshares, Inc. | 8 | ||||||
2,251 | Hancock Whitney Corp. | 98 | ||||||
763 | Hanmi Financial Corp. | 15 | ||||||
685 | HarborOne Bancorp, Inc. (a) | 8 | ||||||
137 | Hawthorn Bancshares, Inc. | 3 | ||||||
223 | HBT Financial, Inc. (a) | 4 | ||||||
886 | Heartland Financial USA, Inc. | 44 | ||||||
1,394 | Heritage Commerce Corp. | 18 | ||||||
966 | Heritage Financial Corp. | 27 | ||||||
1,826 | Hilltop Holdings, Inc. | 46 | ||||||
4,039 | Home Bancshares, Inc. | 79 | ||||||
408 | Hometrust Bancshares, Inc. | 11 | ||||||
3,122 | Hope Bancorp, Inc. | 46 | ||||||
940 | Horizon Bancorp, Inc. | 18 | ||||||
333 | Howard Bancorp, Inc. (a) | 6 | ||||||
3,488 | Iberiabank Corp. | 259 | ||||||
857 | Independent Bank Corp. | 71 | ||||||
565 | Independent Bank Corp. | 13 | ||||||
936 | Independent Bank Group, Inc. | 52 | ||||||
1,437 | International Bancshares Corp. | 62 | ||||||
242 | Investar Holding Corp. | 6 | ||||||
5,947 | Investors Bancorp, Inc. | 71 | ||||||
1,225 | Lakeland Bancorp, Inc. | 21 | ||||||
648 | Lakeland Financial Corp. | 32 | ||||||
311 | LCNB Corp. | 6 | ||||||
140 | Level One Bancorp, Inc. | 4 | ||||||
642 | Live Oak Bancshares, Inc. | 12 | ||||||
663 | Macatawa Bank Corp. | 7 | ||||||
224 | Mackinac Financial Corp. | 4 | ||||||
172 | MainStreet Bancshares, Inc. (a) | 4 | ||||||
430 | Mercantile Bankcorp. | 16 | ||||||
389 | Metrocity Bankshares, Inc. | 7 | ||||||
174 | Metropolitan Bank Holding Corp. (a) | 8 | ||||||
172 | Mid Penn Bancorp, Inc. | 5 | ||||||
546 | Midland States Bancorp, Inc. | 16 | ||||||
326 | MidWestOne Financial Group, Inc. | 12 | ||||||
146 | MutualFirst Financial, Inc. | 6 | ||||||
237 | MVB Financial Corp. | 6 | ||||||
778 | National Bank Holdings Corp., Class – A | 27 | ||||||
173 | National Bankshares, Inc. | 8 | ||||||
1,108 | NBT Bancorp, Inc. | 45 | ||||||
239 | Nicolet Bankshares, Inc. (a) | 18 | ||||||
175 | Northeast Bank | 4 | ||||||
172 | Northrim Bancorp, Inc. | 7 | ||||||
169 | Norwood Financial Corp. | 7 | ||||||
166 | Oak Valley Bancorp | 3 | ||||||
1,318 | OFG Bancorp | 31 | ||||||
94 | Ohio Valley Banc Corp. | 4 | ||||||
4,424 | Old National Bancorp | 81 | ||||||
749 | Old Second BanCorp, Inc. | 10 | ||||||
549 | Opus Bank | 14 | ||||||
485 | Origin BanCorp, Inc. | 18 | ||||||
257 | Orrstown Financial Services, Inc. | 6 |
See accompanying notes to financial statements.
56
HC CAPITAL TRUST
The Institutional Small Capitalization-Mid Capitalization Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) |
| |||||||
Banks (continued) |
| |||||||
470 | Pacific Mercantile Bancorp (a) | $ | 4 | |||||
1,512 | Pacific Premier Bancorp, Inc. | 49 | ||||||
339 | Park National Corp. | 35 | ||||||
226 | Parke BanCorp, Inc. | 6 | ||||||
316 | PCB Bancorp | 5 | ||||||
476 | Peapack-Gladstone Financial Corp. | 15 | ||||||
172 | Penns Woods Bancorp, Inc. | 6 | ||||||
453 | Peoples Bancorp, Inc. | 16 | ||||||
141 | Peoples Bancorp, Inc. | 5 | ||||||
177 | Peoples Financial Services Corp. | 9 | ||||||
395 | People’s Utah Bancorp | 12 | ||||||
5,563 | Popular, Inc. | 326 | ||||||
353 | Preferred Bank | 21 | ||||||
390 | Premier Financial Bancorp, Inc. | 7 | ||||||
370 | QCR Holdings, Inc. | 16 | ||||||
408 | RBB Bancorp | 9 | ||||||
121 | Red River Bancshares, Inc. (a) | 7 | ||||||
258 | Reliant Bancorp, Inc. | 6 | ||||||
1,463 | Renasant Co. | 52 | ||||||
244 | Republic Bancorp, Inc., Class – A | 11 | ||||||
1,197 | Republic First Bancorp, Inc. (a) | 5 | ||||||
318 | Richmond Mutual Bancorp, Inc. (a) | 5 | ||||||
970 | S & T Bancorp, Inc. | 39 | ||||||
916 | Sandy Spring Bancorp, Inc. | 35 | ||||||
205 | SB One Bancorp | 5 | ||||||
1,313 | Seacoast Banking Corp. (a) | 40 | ||||||
422 | Select Bancorp, Inc. (a) | 5 | ||||||
1,235 | ServisFirst Bancshares, Inc. | 47 | ||||||
317 | Shore Bancshares, Inc. | 6 | ||||||
378 | Sierra Bancorp | 11 | ||||||
70 | Silvergate Capital Corp. (a) | 1 | ||||||
2,455 | Simmons First National Corp., Class – A | 66 | ||||||
320 | Smartfinancial, Inc. | 8 | ||||||
252 | South Plains Financial, Inc. | 5 | ||||||
866 | South State Corp. | 75 | ||||||
191 | Southern First Bancshares (a) | 8 | ||||||
546 | Southern National Bancorp | 9 | ||||||
844 | Southside Bancshares, Inc. | 31 | ||||||
391 | Spirit of Texas Bancshares, Inc. (a) | 9 | ||||||
525 | Stock Yards Bancorp, Inc. | 22 | ||||||
278 | Summit Financial Group, Inc. | 8 | ||||||
3,131 | Texas Capital Bancshares, Inc. (a) | 177 | ||||||
1,264 | The Bancorp, Inc. (a) | 16 | ||||||
1,420 | The Bank of N.T. Butterfield & Son Ltd. | 53 | ||||||
141 | The Bank of Princeton | 4 | ||||||
121 | The Community Financial Corp. | 4 | ||||||
594 | The First of Long Island Corp. | 15 | ||||||
369 | Tompkins TrustCo, Inc. | 34 | ||||||
1,723 | TowneBank | 48 | ||||||
706 | TriCo Bancshares | 29 | ||||||
657 | Tristate Capital Holdings, Inc. (a) | 17 | ||||||
620 | Triumph Bancorp, Inc. (a) | 24 | ||||||
1,660 | Trustmark Corp. | 57 | ||||||
1,154 | UMB Financial Corp. | 79 |
Shares | Security Description | Value (000) | ||||||
Banks (continued) |
| |||||||
89 | Union Bankshares, Inc. | $ | 3 | |||||
2,526 | United Bankshares, Inc. | 98 | ||||||
2,033 | United Community Banks, Inc. | 63 | ||||||
300 | United Security Bancshare | 3 | ||||||
197 | Unity Bancorp, Inc. | 4 | ||||||
760 | Univest Financial Corp. | 20 | ||||||
9,990 | Valley National Bancorp | 113 | ||||||
1,318 | Veritex Holdings, Inc. | 38 | ||||||
394 | Washington Trust Bancorp, Inc. | 21 | ||||||
3,647 | Webster Financial Corp. | 194 | ||||||
1,660 | WesBanco, Inc. | 63 | ||||||
408 | West Bancorp, Inc. | 10 | ||||||
676 | Westamerica Bancorp | 46 | ||||||
1,750 | Wintrust Financial Corp. | 123 | ||||||
|
| |||||||
6,571 | ||||||||
|
| |||||||
Beverages — 0.12% |
| |||||||
787 | Celsius Holdings, Inc. (a) | 4 | ||||||
119 | Coca-Cola Consolidated Inc. | 34 | ||||||
297 | Craft Brew Alliance, Inc. (a) | 5 | ||||||
342 | MGP Ingredients, Inc. | 17 | ||||||
293 | National Beverage Corp. (a) | 15 | ||||||
1,752 | New Age Beverages Corp. (a) | 3 | ||||||
872 | Primo Water Corp. (a) | 10 | ||||||
215 | The Boston Beer Co., Inc., Class – A (a) | 80 | ||||||
|
| |||||||
168 | ||||||||
|
| |||||||
Biotechnology — 3.34% |
| |||||||
72 | 89Bio, Inc. (a) | 2 | ||||||
868 | Abeona Therapeutics, Inc. (a) | 3 | ||||||
2,896 | Acadia Pharmaceuticals, Inc. (a) | 124 | ||||||
1,164 | Acceleron Pharma, Inc. (a) | 62 | ||||||
3,516 | Achillion Pharmaceuticals, Inc. (a) | 21 | ||||||
1,128 | Acorda Therapeutics, Inc. (a) | 2 | ||||||
590 | Adamas Pharmaceuticals, Inc. (a) | 2 | ||||||
1,255 | ADMA Biologics, Inc. (a) | 5 | ||||||
1,722 | Aduro Biotech, Inc. (a) | 2 | ||||||
1,403 | Adverum Biotechnologies, Inc. (a) | 16 | ||||||
652 | Aeglea BioTherapeutics, Inc. (a) | 5 | ||||||
1,876 | Affimed NV (a) | 6 | ||||||
2,622 | Agenus, Inc. (a) | 11 | ||||||
525 | Agex Therapeutics, Inc. (a) | 1 | ||||||
1,162 | Aimmune Therapeutics, Inc. (a) | 39 | ||||||
2,942 | Akebia Therapeutics, Inc. (a) | 19 | ||||||
116 | Akero Therapeutics, Inc. (a) | 3 | ||||||
260 | Albireo Pharma, Inc. (a) | 7 | ||||||
586 | Aldeyra Therapeutics, Inc. (a) | 3 | ||||||
747 | Alector, Inc. (a) | 13 | ||||||
495 | Allakos, Inc. (a) | 47 | ||||||
1,009 | Allogene Therapeutics, Inc. (a) | 26 | ||||||
886 | AMAG Pharmaceuticals, Inc. (a) | 11 | ||||||
6,701 | Amicus Therapeutics, Inc. (a) | 65 | ||||||
649 | Anaptysbio, Inc. (a) | 11 | ||||||
1,040 | Anavex Life Sciences Corp. (a) | 3 | ||||||
1,247 | Apellis Pharmaceuticals, Inc. (a) | 38 | ||||||
159 | Applied Therapeutics, Inc. (a) | 4 | ||||||
159 | Aprea Therapeutics, Inc. (a) | 7 |
See accompanying notes to financial statements.
57
HC CAPITAL TRUST
The Institutional Small Capitalization-Mid Capitalization Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) |
| |||||||
Biotechnology (continued) |
| |||||||
887 | Arcus Biosciences, Inc. (a) | $ | 9 | |||||
1,236 | Ardelyx, Inc. (a) | 9 | ||||||
1,302 | Arena Pharmaceuticals, Inc. (a) | 59 | ||||||
2,854 | ArQule, Inc. (a) | 57 | ||||||
2,405 | Arrowhead Pharmaceuticals, Inc. (a) | 154 | ||||||
1,304 | Atara Biotherapeutics, Inc. (a) | 21 | ||||||
1,730 | Athenex, Inc. (a) | 26 | ||||||
3,034 | Athersys, Inc. (a) | 4 | ||||||
158 | Atreca, Inc. (a) | 2 | ||||||
1,170 | Audentes Therapeutics, Inc. (a) | 70 | ||||||
1,443 | Avid Bioservices, Inc. (a) | 11 | ||||||
519 | Avrobio, Inc. (a) | 10 | ||||||
180 | Axcella Health, Inc. (a) | 1 | ||||||
335 | Beyondspring, Inc. (a) | 5 | ||||||
3,774 | BioCryst Pharmaceuticals, Inc. (a) | 13 | ||||||
1,014 | Biohaven Pharmaceutical Holding Co. Ltd. (a) | 55 | ||||||
149 | BioSpecifics Technologies Corp. (a) | 8 | ||||||
146 | Bioxcel Therapeutics, Inc. (a) | 2 | ||||||
1,256 | Blueprint Medicines Corp. (a) | 101 | ||||||
602 | Bridgebio Pharma, Inc. (a) | 21 | ||||||
160 | Cabaletta Bio, Inc. (a) | 2 | ||||||
1,190 | Calithera Biosciences, Inc. (a) | 7 | ||||||
231 | Calyxt, Inc. (a) | 2 | ||||||
1,008 | Cara Therapeutics, Inc. (a) | 16 | ||||||
1,067 | CareDx, Inc. (a) | 23 | ||||||
1,309 | CASI Pharmaceuticals, Inc. (a) | 4 | ||||||
89 | Castle Biosciences, Inc. (a) | 3 | ||||||
2,602 | Catalyst Pharmaceuticals, Inc. (a) | 10 | ||||||
136 | Celcuity, Inc. (a) | 1 | ||||||
292 | Cellular Biomedicine Group, Inc. (a) | 5 | ||||||
767 | CEL-SCI Corp.^ (a) | 7 | ||||||
42 | Centogene NV (a) | — | ||||||
558 | Checkpoint Therapeutics, Inc. (a) | 1 | ||||||
1,049 | ChemoCentryx, Inc. (a) | 41 | ||||||
1,082 | Chimerix, Inc. (a) | 2 | ||||||
1,229 | Clovis Oncology, Inc.^ (a) | 13 | ||||||
1,623 | Coherus Biosciences, Inc. (a) | 29 | ||||||
574 | Concert Pharmaceuticals, Inc. (a) | 5 | ||||||
399 | Constellation Pharmaceuticals, Inc. (a) | 19 | ||||||
1,495 | Corbus Pharmaceuticals Holdings, Inc.^ (a) | 8 | ||||||
283 | Cortexyme, Inc.^ (a) | 16 | ||||||
277 | Crinetics Pharmaceuticals, Inc. (a) | 7 | ||||||
586 | Cue BioPharma, Inc. (a) | 9 | ||||||
588 | Cyclerion Therapeutics, Inc. (a) | 2 | ||||||
1,465 | Cytokinetics, Inc. (a) | 16 | ||||||
1,134 | CytomX Therapeutics, Inc. (a) | 9 | ||||||
507 | Deciphera Pharmaceuticals, Inc. (a) | 32 | ||||||
1,207 | Denali Therapeutics, Inc. (a) | 21 | ||||||
1,318 | Dicerna Pharmaceuticals, Inc. (a) | 29 | ||||||
2,102 | Dynavax Technologies Corp.^ (a) | 12 | ||||||
237 | Eagle Pharmaceuticals, Inc. (a) | 14 | ||||||
1,308 | Editas Medicine, Inc. (a) | 39 | ||||||
300 | Eidos Therapeutics, Inc. (a) | 17 | ||||||
567 | Eiger Biopharmaceuticals, Inc. (a) | 8 |
Shares | Security Description | Value (000) | ||||||
Biotechnology (continued) |
| |||||||
1,178 | Emergent BioSolutions, Inc. (a) | $ | 64 | |||||
452 | Enanta Pharmaceuticals, Inc. (a) | 28 | ||||||
213 | Enochian Biosciences, Inc. (a) | 1 | ||||||
2,046 | Epizyme, Inc. (a) | 50 | ||||||
659 | Esperion Therapeutics, Inc. (a) | 39 | ||||||
373 | Evelo Biosciences, Inc. (a) | 2 | ||||||
1,555 | Fate Therapeutics, Inc. (a) | 30 | ||||||
2,020 | Fibrogen, Inc. (a) | 87 | ||||||
849 | Five Prime Therapeutics, Inc. (a) | 4 | ||||||
931 | Flexion Therapeutics, Inc. (a) | 19 | ||||||
558 | Forty Seven, Inc. (a) | 22 | ||||||
141 | Frequency Therapeutics, Inc. (a) | 2 | ||||||
890 | G1 Therapeutics, Inc. (a) | 24 | ||||||
1,299 | Galectin Therapeutics, Inc. (a) | 4 | ||||||
35 | Galera Therapeutics, Inc. (a) | — | ||||||
4,547 | Geron Corp.^ (a) | 6 | ||||||
1,497 | Global Blood Therapeutics, Inc. (a) | 119 | ||||||
881 | GlycoMimetics Industries, Inc. (a) | 5 | ||||||
1,163 | Gossamer Bio, Inc. (a) | 18 | ||||||
611 | Gritstone Oncology, Inc. (a) | 5 | ||||||
3,670 | Halozyme Therapeutics, Inc. (a) | 65 | ||||||
234 | Harpoon Therapeutics, Inc. (a) | 3 | ||||||
2,156 | Heron Therapeutics, Inc. (a) | 51 | ||||||
605 | Homology Medicines, Inc. (a) | 13 | ||||||
244 | Hookipa Pharma, Inc. (a) | 3 | ||||||
122 | IGM Biosciences, Inc. (a) | 5 | ||||||
3,647 | ImmunoGen, Inc. (a) | 19 | ||||||
4,555 | Immunomedics, Inc. (a) | 96 | ||||||
2,310 | Inovio Pharmaceuticals, Inc. (a) | 8 | ||||||
2,330 | Insmed, Inc. (a) | 56 | ||||||
983 | Intellia Therapeutics, Inc. (a) | 14 | ||||||
657 | Intercept Pharmaceuticals, Inc. (a) | 81 | ||||||
1,765 | Intrexon Corp.^ (a) | 10 | ||||||
2,225 | Invitae Corp. (a) | 36 | ||||||
3,020 | Iovance Biotherapeutics, Inc. (a) | 84 | ||||||
3,994 | Ironwood Pharmaceuticals, Inc. (a) | 53 | ||||||
400 | Jounce Therapeutics, Inc. (a) | 3 | ||||||
4,000 | Kadmon Holdings, Inc. (a) | 18 | ||||||
282 | Kalvista Pharmaceuticals, Inc. (a) | 5 | ||||||
111 | Karuna Therapeutics, Inc. (a) | 8 | ||||||
1,545 | Karyopharm Therapeutics, Inc. (a) | 30 | ||||||
331 | Kezar Life Sciences, Inc. (a) | 1 | ||||||
911 | Kindred Biosciences, Inc. (a) | 8 | ||||||
350 | Kiniksa Pharmaceuticals Ltd. (a) | 4 | ||||||
607 | Kodiak Sciences, Inc. (a) | 44 | ||||||
267 | Krystal Biotech, Inc. (a) | 15 | ||||||
869 | Kura Oncology, Inc. (a) | 12 | ||||||
577 | La Jolla Pharmaceutical Co. (a) | 2 | ||||||
1,025 | Lexicon Pharmaceuticals, Inc. (a) | 4 | ||||||
445 | Ligand Pharmaceuticals, Inc., Class – B (a) | 46 | ||||||
2,776 | Lineage Cell Therapeutics, Inc. (a) | 2 | ||||||
223 | Logicbio Therapeutics, Inc. (a) | 2 | ||||||
1,192 | MacroGenics, Inc. (a) | 13 | ||||||
196 | Madrigal Pharmaceuticals, Inc. (a) | 18 | ||||||
486 | Magenta Therapeutics, Inc. (a) | 7 |
See accompanying notes to financial statements.
58
HC CAPITAL TRUST
The Institutional Small Capitalization-Mid Capitalization Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) |
| |||||||
Biotechnology (continued) |
| |||||||
5,392 | MannKind Corp.^ (a) | $ | 7 | |||||
657 | Marker Therapeutics, Inc.^ (a) | 2 | ||||||
1,036 | MediciNova, Inc. (a) | 7 | ||||||
1,650 | MEI Pharma, Inc. (a) | 4 | ||||||
469 | MeiraGTx Holdings PLC (a) | 9 | ||||||
883 | Mersana Therapeutics, Inc. (a) | 5 | ||||||
228 | Millendo Therapeutics, Inc. (a) | 2 | ||||||
791 | Minerva Neurosciences, Inc. (a) | 6 | ||||||
712 | Mirati Therapeutics, Inc. (a) | 92 | ||||||
60 | Mirum Pharmaceuticals, Inc. (a) | 1 | ||||||
424 | Molecular Templates, Inc. (a) | 6 | ||||||
2,579 | Momenta Pharmaceuticals, Inc. (a) | 51 | ||||||
120 | Morphic Holding, Inc. (a) | 2 | ||||||
689 | Mustang Bio, Inc. (a) | 3 | ||||||
14,731 | Myriad Genetics, Inc. (a) | 402 | ||||||
1,601 | Natera, Inc. (a) | 54 | ||||||
344 | Neon Therapeutics, Inc. (a) | — | ||||||
348 | NextCure, Inc. (a) | 20 | ||||||
778 | Novavax, Inc.^ (a) | 3 | ||||||
520 | Oncocyte Corp. (a) | 1 | ||||||
9,907 | OPKO Health, Inc. (a) | 15 | ||||||
255 | Organogenesis Holdings, Inc. (a) | 1 | ||||||
138 | Oyster Point Pharma, Inc. (a) | 3 | ||||||
4,837 | Palatin Technologies, Inc. (a) | 4 | ||||||
2,953 | PDL BioPharma, Inc. (a) | 10 | ||||||
778 | Pfenex, Inc. (a) | 9 | ||||||
332 | PhaseBio Pharmaceuticals, Inc. (a) | 2 | ||||||
1,212 | Pieris Pharmaceuticals, Inc. (a) | 4 | ||||||
307 | PolarityTE, Inc.^ (a) | 1 | ||||||
1,958 | Portola Pharmaceuticals, Inc. (a) | 47 | ||||||
892 | Precision Biosciences, Inc. (a) | 12 | ||||||
180 | Prevail Therapeutics, Inc. (a) | 3 | ||||||
468 | Principia BioPharma, Inc. (a) | 26 | ||||||
2,183 | Progenics Pharmaceuticals, Inc. (a) | 11 | ||||||
487 | Protagonist Therapeutics, Inc. (a) | 3 | ||||||
1,096 | Prothena Corp. PLC (a) | 17 | ||||||
1,554 | PTC Therapeutics, Inc. (a) | 75 | ||||||
773 | Puma Biotechnology, Inc. (a) | 7 | ||||||
911 | Ra Pharmaceuticals, Inc. (a) | 43 | ||||||
1,174 | Radius Health, Inc. (a) | 24 | ||||||
35 | RAPT Therapeutics, Inc. (a) | 1 | ||||||
546 | Recro Pharma, Inc. | 10 | ||||||
868 | Regenxbio, Inc. (a) | 36 | ||||||
1,348 | Repligen Corp. (a) | 125 | ||||||
293 | Replimune Group, Inc. (a) | 4 | ||||||
1,044 | Retrophin, Inc. (a) | 15 | ||||||
747 | Rhythm Pharmaceuticals, Inc. (a) | 17 | ||||||
4,228 | Rigel Pharmaceuticals, Inc. (a) | 9 | ||||||
745 | Rocket Pharmaceuticals, Inc. (a) | 17 | ||||||
880 | Rubius Therapeutics, Inc.^ (a) | 8 | ||||||
8,319 | Sangamo Therapeutics, Inc. (a) | 69 | ||||||
1,240 | Savara, Inc. (a) | 6 | ||||||
552 | Scholar Rock Holding Corp. (a) | 7 | ||||||
915 | Seres Therapeutics, Inc. (a) | 3 |
Shares | Security Description | Value (000) | ||||||
Biotechnology (continued) |
| |||||||
493 | Solid Biosciences, Inc.^ (a) | $ | 2 | |||||
2,963 | Sorrento Therapeutics, Inc.^ (a) | 10 | ||||||
2,947 | Spectrum Pharmaceuticals, Inc. (a) | 11 | ||||||
255 | Spero Therapeutics, Inc. (a) | 2 | ||||||
256 | SpringWorks Therapeutics, Inc. (a) | 10 | ||||||
1,137 | Stemline Therapeutics, Inc. (a) | 12 | ||||||
222 | Stoke Therapeutics, Inc. (a) | 6 | ||||||
270 | Sutro BioPharma, Inc. (a) | 3 | ||||||
501 | Syndax Pharmaceuticals, Inc. (a) | 4 | ||||||
369 | Synlogic, Inc. (a) | 1 | ||||||
241 | Synthorx, Inc. (a) | 17 | ||||||
864 | Syros Pharmaceuticals, Inc. (a) | 6 | ||||||
286 | TCR2 Therapeutics, Inc. (a) | 4 | ||||||
2,192 | TG Therapeutics, Inc. (a) | 24 | ||||||
530 | Tocagen, Inc. (a) | — | ||||||
887 | Translate Bio, Inc. (a) | 7 | ||||||
688 | Turning Point Therapeutics, Inc. (a) | 43 | ||||||
562 | Twist Bioscience Corp. (a) | 12 | ||||||
1,559 | Tyme Technologies, Inc.^ (a) | 2 | ||||||
1,397 | Ultragenyx Pharmaceutical, Inc. (a) | 60 | ||||||
672 | UNITY Biotechnology, Inc. (a) | 5 | ||||||
498 | UroGen Pharma Ltd. (a) | 17 | ||||||
1,312 | Vanda Pharmaceuticals, Inc. (a) | 22 | ||||||
2,032 | VBI Vaccines, Inc. (a) | 3 | ||||||
1,202 | Veracyte, Inc. (a) | 34 | ||||||
1,107 | Vericel Corp. (a) | 19 | ||||||
134 | Viela Bio, Inc. (a) | 4 | ||||||
1,631 | Viking Therapeutics, Inc. (a) | 13 | ||||||
177 | Vir Biotechnology, Inc. (a) | 2 | ||||||
605 | Voyager Therapeutics, Inc. (a) | 8 | ||||||
296 | X4 Pharmaceuticals, Inc. (a) | 3 | ||||||
534 | XBiotech, Inc. (a) | 10 | ||||||
1,221 | Xencor, Inc. (a) | 42 | ||||||
607 | Y-mAbs Therapeutics, Inc. (a) | 19 | ||||||
4,207 | ZIOPHARM Oncology, Inc.^ (a) | 20 | ||||||
|
| |||||||
4,771 | ||||||||
|
| |||||||
Building Products — 0.92% |
| |||||||
1,061 | AAON, Inc. | 52 | ||||||
1,111 | Advanced Drainage Systems, Inc. | 43 | ||||||
441 | American Woodmark Corp. (a) | 46 | ||||||
685 | Apogee Enterprises, Inc. | 22 | ||||||
578 | Armstrong Flooring, Inc. (a) | 2 | ||||||
2,946 | Builders FirstSource, Inc. (a) | 75 | ||||||
547 | Caesarstone Ltd. | 8 | ||||||
907 | Continental Building Products, Inc. (a) | 33 | ||||||
1,154 | Cornerstone Building Brands, Inc. (a) | 10 | ||||||
391 | CSW Industrials, Inc. | 30 | ||||||
839 | Gibraltar Industries, Inc. (a) | 42 | ||||||
918 | Griffon Corp. | 19 | ||||||
464 | Insteel Industries, Inc. | 10 | ||||||
1,745 | Jeld-Wen Holding, Inc. (a) | 41 | ||||||
645 | Masonite International Corp. (a) | 47 | ||||||
592 | Patrick Industries, Inc. | 31 | ||||||
1,475 | PGT Innovations, Inc. (a) | 22 | ||||||
867 | Quanex Building Products Corp. | 15 |
See accompanying notes to financial statements.
59
HC CAPITAL TRUST
The Institutional Small Capitalization-Mid Capitalization Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) |
| |||||||
Building Products (continued) |
| |||||||
1,164 | Simpson Manufacturing Co., Inc. | $ | 93 | |||||
6,622 | Trex Company, Inc. (a) | 597 | ||||||
1,535 | Universal Forest Products, Inc. | 73 | ||||||
|
| |||||||
1,311 | ||||||||
|
| |||||||
Capital Markets — 1.23% |
| |||||||
1,840 | Ares Management Corp. | 66 | ||||||
906 | Arlington Asset Investment Corp. | 5 | ||||||
7,913 | Artisan Partners Asset Management, Inc., Class – A | 256 | ||||||
334 | Assetmark Financial Holdings, Inc. (a) | 10 | ||||||
70 | Associated Capital Group, Inc., Class – A | 3 | ||||||
536 | B. Riley Financial, Inc. | 13 | ||||||
1,211 | Blucora, Inc. (a) | 32 | ||||||
1,776 | Brightsphere Investment Group, Inc. | 18 | ||||||
592 | Cohen & Steers, Inc. | 37 | ||||||
724 | Cowen Group, Inc., Class – A (a) | 11 | ||||||
79 | Diamond Hill Investment Group | 11 | ||||||
875 | Donnelley Financial Solutions, Inc. (a) | 9 | ||||||
2,508 | Federated Investors, Inc., Class – B | 82 | ||||||
760 | Focus Financial Partners, Inc., Class – A (a) | 22 | ||||||
746 | Gain Capital Holdings, Inc. | 3 | ||||||
132 | GAMCO Investors, Inc., Class – A | 3 | ||||||
421 | Greenhill & Co., Inc. | 7 | ||||||
566 | Hamilton Lane, Inc. | 34 | ||||||
1,069 | Houlihan Lokey, Inc. | 52 | ||||||
401 | International Fcstone, Inc. (a) | 20 | ||||||
2,982 | Ladenburg Thalmann Financial Services, Inc. | 10 | ||||||
4,975 | LPL Financial Holdings, Inc. | 460 | ||||||
1,229 | Moelis & Co., Class – A | 39 | ||||||
246 | Oppenheimer Holdings, Inc., Class – A | 7 | ||||||
351 | Piper Jaffray Cos., Inc. | 28 | ||||||
582 | PJT Partners, Inc. | 26 | ||||||
400 | Pzena Investment Management, Inc. | 3 | ||||||
3,205 | Raymond James Financial, Inc. | 287 | ||||||
488 | Safeguard Scientifics, Inc. | 5 | ||||||
408 | Sculptor Capital Management, Inc. | 9 | ||||||
154 | Siebert Financial Corp. (a) | 1 | ||||||
224 | Silvercrest Asset Management Group, Inc. | 3 | ||||||
1,719 | Stifel Financial Corp. | 104 | ||||||
56 | Value Line, Inc. | 2 | ||||||
176 | Virtus Investment Partners, Inc. | 21 | ||||||
1,800 | Waddell & Reed Financial, Inc., Class – A | 30 | ||||||
233 | Westwood Holdings Group, Inc. | 7 | ||||||
3,342 | WisdomTree Investments, Inc. | 16 | ||||||
|
| |||||||
1,752 | ||||||||
|
| |||||||
Chemicals — 1.68% |
| |||||||
513 | Advanced Emissions Solutions, Inc. | 5 | ||||||
732 | Advansix, Inc. (a) | 15 | ||||||
2,387 | Albemarle Corp. | 174 | ||||||
774 | American Vanguard Corp. | 15 | ||||||
838 | Balchem Corp. | 85 | ||||||
185 | Chase Corp. | 22 | ||||||
2,122 | Ferro Corp. (a) | 31 | ||||||
1,281 | Flotek Industries, Inc. (a) | 3 | ||||||
6,648 | FMC Corp. | 665 |
Shares | Security Description | Value (000) | ||||||
Chemicals (continued) |
| |||||||
649 | FutureFuel Corp. | $ | 8 | |||||
1,402 | GCP Applied Technologies, Inc. (a) | 32 | ||||||
1,313 | H.B. Fuller Co. | 68 | ||||||
250 | Hawkins, Inc. | 11 | ||||||
2,705 | Huntsman Corp. | 65 | ||||||
1,093 | Ingevity Corp. (a) | 96 | ||||||
494 | Innophos Holdings, Inc. | 16 | ||||||
627 | Innospec, Inc. | 65 | ||||||
2,460 | Intrepid Potash, Inc. (a) | 7 | ||||||
484 | Koppers Holdings, Inc. (a) | 18 | ||||||
12,280 | Kraton Corp. (a) | 311 | ||||||
628 | Kronos Worldwide, Inc. | 8 | ||||||
3,853 | Livent Corp. (a) | 33 | ||||||
668 | LSB Industries, Inc. (a) | 3 | ||||||
1,223 | Marrone Bio Innovations, Inc. (a) | 1 | ||||||
910 | Minerals Technologies, Inc. | 52 | ||||||
1,100 | Omnova Solutions, Inc. (a) | 11 | ||||||
1,551 | Orion Engineered Carbons SA | 30 | ||||||
1,977 | PolyOne Corp. | 73 | ||||||
954 | PQ Group Holdings, Inc. (a) | 16 | ||||||
339 | Quaker Chemical Corp. | 56 | ||||||
1,191 | Rayonier Advanced Materials, Inc. | 5 | ||||||
1,091 | Sensient Technologies Corp. | 72 | ||||||
529 | Stepan Co. | 54 | ||||||
573 | Trecora Resources (a) | 4 | ||||||
685 | Tredegar Corp. | 15 | ||||||
1,018 | Trinseo SA | 38 | ||||||
18,892 | Tronox Holdings PLC, Class – A | 216 | ||||||
699 | Valhi, Inc. | 1 | ||||||
|
| |||||||
2,400 | ||||||||
|
| |||||||
Commercial Services & Supplies — 1.49% |
| |||||||
1,705 | ABM Industries, Inc. | 64 | ||||||
2,467 | ACCO Brands Corp. | 23 | ||||||
1,875 | Advanced Disposal Services, Inc. (a) | 62 | ||||||
4,990 | Aqua Metals, Inc.^ (a) | 4 | ||||||
1,232 | Brady Corp., Class – A | 71 | ||||||
785 | BrightView Holdings, Inc. (a) | 13 | ||||||
1,182 | Casella Waste Systems, Inc. (a) | 54 | ||||||
769 | CECO Environmental Corp. (a) | 6 | ||||||
202 | Charah Solutions, Inc. (a) | — | ||||||
519 | Cimpress PLC (a) | 65 | ||||||
26 | CompX International, Inc. | — | ||||||
19,818 | Covanta Holding Corp. | 293 | ||||||
1,100 | Deluxe Corp. | 55 | ||||||
642 | Ennis, Inc. | 14 | ||||||
1,925 | Healthcare Services Group, Inc. | 47 | ||||||
378 | Heritage-Crystal Clean, Inc. (a) | 12 | ||||||
1,518 | Herman Miller, Inc. | 63 | ||||||
1,092 | HNI Corp. | 41 | ||||||
26,551 | Interface, Inc. | 440 | ||||||
899 | Kimball International, Inc., Class – B | 19 | ||||||
1,276 | Knoll, Inc. | 32 | ||||||
803 | Matthews International Corp., Class – A | 31 | ||||||
627 | McGrath RentCorp | 48 | ||||||
1,158 | Mobile Mini, Inc. | 44 |
See accompanying notes to financial statements.
60
HC CAPITAL TRUST
The Institutional Small Capitalization-Mid Capitalization Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) |
| |||||||
Commercial Services & Supplies (continued) |
| |||||||
917 | MSA Safety, Inc. | $ | 116 | |||||
219 | NL Industries, Inc. (a) | 1 | ||||||
462 | PICO Holdings, Inc. (a) | 5 | ||||||
4,593 | Pitney Bowes, Inc. | 19 | ||||||
781 | Quad/Graphics, Inc. | 4 | ||||||
1,974 | RR Donnelley & Sons Co. | 8 | ||||||
601 | SP Plus Corp. (a) | 26 | ||||||
2,240 | Steelcase, Inc., Class – A | 46 | ||||||
749 | Team, Inc. (a) | 12 | ||||||
1,408 | Tetra Tech, Inc. | 121 | ||||||
1,288 | The Brink’s Co. | 117 | ||||||
390 | UniFirst Corp. | 79 | ||||||
621 | US Ecology, Inc. | 36 | ||||||
522 | Viad Corp. | 35 | ||||||
221 | VSE Corp. | 8 | ||||||
|
| |||||||
2,134 | ||||||||
|
| |||||||
Communications Equipment — 0.69% |
| |||||||
6,378 | Acacia Communications, Inc. (a) | 433 | ||||||
1,202 | ADTRAN, Inc. | 12 | ||||||
522 | Applied Optoelectronics, Inc.^ (a) | 6 | ||||||
864 | CalAmp Corp. (a) | 8 | ||||||
1,148 | Calix, Inc. (a) | 9 | ||||||
90 | Cambium Networks Corp. (a) | 1 | ||||||
909 | Casa Systems, Inc. (a) | 4 | ||||||
279 | Clearfield, Inc. (a) | 4 | ||||||
604 | Comtech Telecommunications Corp. | 21 | ||||||
305 | DASAN Zhone Solutions, Inc. (a) | 3 | ||||||
705 | Digi International, Inc. (a) | 12 | ||||||
2,944 | Extreme Networks, Inc. (a) | 22 | ||||||
2,194 | Harmonic, Inc. (a) | 17 | ||||||
4,581 | Infinera Corp. (a) | 36 | ||||||
1,079 | Inseego Corp. (a) | 8 | ||||||
798 | InterDigital, Inc. | 43 | ||||||
469 | KVH Industries, Inc. (a) | 5 | ||||||
1,994 | Lumentum Holdings, Inc. (a) | 159 | ||||||
784 | NETGEAR, Inc. (a) | 19 | ||||||
1,884 | NetScout Systems, Inc. (a) | 45 | ||||||
886 | Plantronics, Inc. | 24 | ||||||
1,501 | Ribbon Communications, Inc. (a) | 5 | ||||||
150 | TESSCO Technologies, Inc. | 2 | ||||||
5,976 | Viavi Solutions, Inc. (a) | 90 | ||||||
|
| |||||||
988 | ||||||||
|
| |||||||
Construction & Engineering — 1.63% |
| |||||||
1,987 | AECOM (a) | 86 | ||||||
837 | Aegion Corp. (a) | 19 | ||||||
551 | Ameresco, Inc., Class – A (a) | 10 | ||||||
1,256 | Arcosa, Inc. | 56 | ||||||
370 | Argan, Inc. | 15 | ||||||
944 | Comfort Systems USA, Inc. | 47 | ||||||
582 | Concrete Pumping Holdings, Inc. (a) | 3 | ||||||
446 | Construction Partners, Inc. (a) | 8 | ||||||
789 | Dycom Industries, Inc. (a) | 37 | ||||||
1,440 | EMCOR Group, Inc. | 124 | ||||||
9,300 | Granite Construction, Inc. | 258 |
Shares | Security Description | Value (000) | ||||||
Construction & Engineering (continued) |
| |||||||
1,532 | Great Lakes Dredge & Dock Co. (a) | $ | 17 | |||||
205 | IES Holdings, Inc. (a) | 5 | ||||||
10,837 | MasTec, Inc. (a) | 695 | ||||||
405 | MYR Group, Inc. (a) | 13 | ||||||
241 | Northwest Pipe Co. (a) | 8 | ||||||
272 | NV5 Holdings, Inc. (a) | 14 | ||||||
1,169 | Primoris Services Corp. | 26 | ||||||
657 | Sterling Construction Co., Inc. (a) | 9 | ||||||
65,412 | Tutor Perini Corp. (a) | 841 | ||||||
1,366 | Willscot Corp. (a) | 25 | ||||||
|
| |||||||
2,316 | ||||||||
|
| |||||||
Construction Materials — 0.37% |
| |||||||
1,587 | Eagle Materials, Inc., Class – A | 144 | ||||||
550 | Forterra, Inc. (a) | 6 | ||||||
1,032 | Martin Marietta Materials, Inc. | 289 | ||||||
2,906 | Summit Materials, Inc., Class – A (a) | 69 | ||||||
423 | U.S. Concrete, Inc. (a) | 18 | ||||||
58 | United States Lime & Minerals, Inc. | 5 | ||||||
|
| |||||||
531 | ||||||||
|
| |||||||
Consumer Finance — 0.46% |
| |||||||
434 | Curo Group Holdings Corp. (a) | 5 | ||||||
535 | Elevate Credit, Inc. (a) | 2 | ||||||
808 | Encore Capital Group, Inc. (a) | 29 | ||||||
830 | Enova International, Inc. (a) | 20 | ||||||
1,280 | EZCORP, Inc., Class – A (a) | 9 | ||||||
1,093 | FirstCash, Inc. | 88 | ||||||
6,598 | Green Dot Corp., Class – A (a) | 154 | ||||||
1,736 | LendingClub Corp. (a) | 22 | ||||||
500 | Medallion Financial Corp. | 4 | ||||||
459 | Nelnet, Inc., Class – A | 27 | ||||||
178 | Oportun Financial Corp. (a) | 4 | ||||||
7,557 | PRA Group, Inc. (a) | 274 | ||||||
253 | Regional Management Corp. (a) | 8 | ||||||
144 | World Acceptance Corp. (a) | 12 | ||||||
|
| |||||||
658 | ||||||||
|
| |||||||
Containers & Packaging — 0.18% |
| |||||||
12,077 | Graphic Packaging Holding Co. | 201 | ||||||
145 | Greif, Inc. | 8 | ||||||
681 | Greif, Inc., Class – A | 30 | ||||||
893 | Myers Industries, Inc. | 15 | ||||||
169 | UFP Technologies, Inc. (a) | 8 | ||||||
|
| |||||||
262 | ||||||||
|
| |||||||
Distributors — 0.03% |
| |||||||
1,177 | Core-Mark Holding Co., Inc. | 32 | ||||||
561 | Funko, Inc. (a) | 10 | ||||||
150 | Greenlane Holdings, Inc., Class – A (a) | — | ||||||
154 | Weyco Group, Inc. | 4 | ||||||
|
| |||||||
46 | ||||||||
|
| |||||||
Diversified Consumer Services — 0.71% |
| |||||||
6,077 | Adtalem Global Education, Inc. (a) | 213 | ||||||
422 | American Public Education, Inc. (a) | 12 | ||||||
421 | Carriage Services, Inc. | 11 | ||||||
3,054 | Chegg, Inc. (a) | 116 | ||||||
194 | Collectors Universe, Inc. | 4 |
See accompanying notes to financial statements.
61
HC CAPITAL TRUST
The Institutional Small Capitalization-Mid Capitalization Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) |
| |||||||
Diversified Consumer Services (continued) |
| |||||||
2,629 | Houghton Mifflin Harcourt Co. (a) | $ | 16 | |||||
971 | K12, Inc. (a) | 20 | ||||||
3,032 | Laureate Education, Inc., Class – A (a) | 53 | ||||||
1,197 | OneSpaWorld Holdings Ltd. (a) | 20 | ||||||
21,767 | Perdoceo Education Corp. (a) | 399 | ||||||
617 | Regis Corp. (a) | 11 | ||||||
518 | Select Interior Concepts, Inc., Class – A (a) | 5 | ||||||
553 | Strategic Education, Inc. | 88 | ||||||
1,229 | WW International, Inc. (a) | 47 | ||||||
|
| |||||||
1,015 | ||||||||
|
| |||||||
Diversified Financial Services — 0.24% |
| |||||||
73 | Alerus Financial Corp. | 2 | ||||||
777 | Banco Latinoamericano de Comercio Exterior SA, Class – E | 17 | ||||||
1,751 | Cannae Holdings, Inc. (a) | 65 | ||||||
3,834 | FGL Holdings, Inc. | 41 | ||||||
9,586 | Jefferies Financial Group, Inc. | 204 | ||||||
213 | Marlin Business Services Corp. | 5 | ||||||
1,659 | On Deck Capital, Inc. (a) | 7 | ||||||
|
| |||||||
341 | ||||||||
|
| |||||||
Diversified Telecommunication Services — 0.70% |
| |||||||
273 | Anterix, Inc. (a) | 12 | ||||||
278 | ATN International, Inc. | 15 | ||||||
419 | Bandwidth, Inc. (a) | 27 | ||||||
1,245 | Cincinnati Bell, Inc. (a) | 13 | ||||||
11,762 | Cogent Communications Holdings, Inc. | 773 | ||||||
1,942 | Consolidated Communications Holdings, Inc. | 8 | ||||||
2,821 | Frontier Communications Corp.^ (a) | 3 | ||||||
403 | IDT Corp. (a) | 3 | ||||||
1,739 | Intelsat SA (a) | 12 | ||||||
2,537 | Iridium Communications, Inc. (a) | 63 | ||||||
550 | Ooma, Inc. (a) | 7 | ||||||
1,904 | ORBCOMM, Inc. (a) | 8 | ||||||
2,602 | Pareteum Corp.^ (a) | 1 | ||||||
5,797 | Vonage Holdings Corp. (a) | 43 | ||||||
|
| |||||||
988 | ||||||||
|
| |||||||
Electric Utilities — 0.38% |
| |||||||
1,337 | ALLETE, Inc. | 109 | ||||||
1,040 | El Paso Electric Co. | 71 | ||||||
348 | Genie Energy Ltd. | 3 | ||||||
900 | MGE Energy, Inc. | 71 | ||||||
1,019 | Otter Tail Corp. | 52 | ||||||
2,051 | PNM Resources, Inc. | 104 | ||||||
2,315 | Portland General Electric Co. | 129 | ||||||
365 | Spark Energy, Inc., Class – A | 3 | ||||||
|
| |||||||
542 | ||||||||
|
| |||||||
Electrical Equipment — 0.58% |
| |||||||
198 | Allied Motion Technologies, Inc. | 10 | ||||||
509 | American Superconductor Corp. (a) | 4 | ||||||
1,217 | Atkore International Group, Inc. (a) | 49 | ||||||
685 | AZZ, Inc. | 31 | ||||||
1,467 | Bloom Energy Corp., Class – A (a) | 11 | ||||||
3,419 | Encore Wire Corp. | 196 |
Shares | Security Description | Value (000) | ||||||
Electrical Equipment (continued) |
| |||||||
606 | Energous Corp. (a) | $ | 1 | |||||
2,198 | EnerSys | 165 | ||||||
2,373 | Enphase Energy, Inc. (a) | 62 | ||||||
1,577 | Generac Holdings, Inc. (a) | 159 | ||||||
6,235 | Plug Power, Inc. (a) | 20 | ||||||
226 | Powell Industries, Inc. | 11 | ||||||
90 | Preformed Line Products Co. | 5 | ||||||
2,883 | Sunrun, Inc. (a) | 40 | ||||||
819 | Thermon Group Holdings, Inc. (a) | 22 | ||||||
765 | TPI Composites, Inc. (a) | 14 | ||||||
448 | Vicor Corp. (a) | 21 | ||||||
1,096 | Vivint Solar, Inc. (a) | 8 | ||||||
|
| |||||||
829 | ||||||||
|
| |||||||
Electronic Equipment, Instruments & Components — 2.39% |
| |||||||
224 | Airgain, Inc. (a) | 2 | ||||||
609 | Akoustis Technologies, Inc. (a) | 5 | ||||||
788 | Anixter International, Inc. (a) | 73 | ||||||
2,042 | Arlo Technologies, Inc. (a) | 9 | ||||||
1,235 | AVX Corp. | 25 | ||||||
742 | Badger Meter, Inc. | 48 | ||||||
250 | BEL Fuse, Inc., Class – B | 5 | ||||||
1,000 | Belden, Inc. | 55 | ||||||
966 | Benchmark Electronics, Inc. | 33 | ||||||
112 | Coda Octopus Group, Inc. (a) | 1 | ||||||
819 | CTS Corp. | 25 | ||||||
919 | Daktronics, Inc. | 6 | ||||||
337 | ePlus, Inc. (a) | 28 | ||||||
3,911 | Fabrinet (a) | 254 | ||||||
434 | FARO Technologies, Inc. (a) | 22 | ||||||
5,882 | Fitbit, Inc., Class – A (a) | 39 | ||||||
26,519 | Flex Ltd. (a) | 334 | ||||||
2,305 | II-VI, Inc. (a) | 78 | ||||||
916 | Insight Enterprises, Inc. (a) | 64 | ||||||
1,009 | Iteris, Inc. (a) | 5 | ||||||
7,137 | Itron, Inc. (a) | 598 | ||||||
11,877 | Jabil, Inc. | 491 | ||||||
1,508 | KEMET Corp. | 41 | ||||||
661 | Kimball Electronics, Inc. (a) | 12 | ||||||
2,082 | Knowles Corp. (a) | 44 | ||||||
103 | Mesa Laboratories, Inc. | 26 | ||||||
951 | Methode Electronics, Inc. | 37 | ||||||
473 | MTS Systems Corp. | 23 | ||||||
313 | Napco Security Technologies (a) | 9 | ||||||
876 | nLight, Inc. (a) | 18 | ||||||
877 | Novanta, Inc. (a) | 78 | ||||||
429 | OSI Systems, Inc. (a) | 43 | ||||||
290 | Par Technology Corp.^ (a) | 9 | ||||||
300 | PC Connection, Inc. | 15 | ||||||
756 | Plexus Corp. (a) | 58 | ||||||
3,524 | Rogers Corp. (a) | 439 | ||||||
1,748 | Sanmina Corp. (a) | 60 | ||||||
650 | ScanSource, Inc. (a) | 24 | ||||||
919 | Tech Data Corp. (a) | 132 | ||||||
2,579 | TTM Technologies, Inc. (a) | 39 |
See accompanying notes to financial statements.
62
HC CAPITAL TRUST
The Institutional Small Capitalization-Mid Capitalization Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) |
| |||||||
Electronic Equipment, Instruments & Components (continued) |
| |||||||
3,423 | Vishay Intertechnology, Inc. | $ | 73 | |||||
267 | Vishay Precision Group, Inc. (a) | 9 | ||||||
184 | Wrap Technologies, Inc. (a) | 1 | ||||||
|
| |||||||
3,390 | ||||||||
|
| |||||||
Energy Equipment & Services — 1.00% |
| |||||||
3,353 | Archrock, Inc. Com | 34 | ||||||
1,240 | Cactus, Inc., Class – A | 43 | ||||||
858 | Covia Holdings Corp. (a) | 2 | ||||||
1,599 | Diamond Offshore Drilling, Inc.^ (a) | 11 | ||||||
2,736 | Dril-Quip, Inc. (a) | 126 | ||||||
468 | Era Group, Inc. (a) | 5 | ||||||
856 | Exterran Corp. (a) | 7 | ||||||
2,081 | Forum Energy Technologies, Inc. (a) | 3 | ||||||
2,653 | Franks International N.V. (a) | 14 | ||||||
879 | FTS International, Inc. (a) | 1 | ||||||
321 | Geospace Technologies Corp. (a) | 5 | ||||||
3,766 | Helix Energy Solutions Group, Inc. (a) | 36 | ||||||
1,354 | Independence Contract Drilling, Inc. (a) | 1 | ||||||
523 | KLX Energy Services Holdings, Inc. (a) | 3 | ||||||
1,347 | Liberty Oilfield Services, Inc. | 15 | ||||||
338 | Mammoth Energy Services, Inc. | 1 | ||||||
669 | Matrix Service Co. (a) | 15 | ||||||
4,577 | McDermott International, Inc.^ (a) | 3 | ||||||
9,252 | Nabors Industries Ltd. | 27 | ||||||
574 | National Energy Services Reunited Corp. (a) | 5 | ||||||
292 | Natural Gas Services Group, Inc. (a) | 4 | ||||||
293 | NCS Multistage Holdings, Inc. (a) | 1 | ||||||
2,370 | Newpark Resources, Inc. (a) | 15 | ||||||
4,010 | Nextier Oilfield Solutions, Inc. (a) | 27 | ||||||
399 | Nine Energy Service, Inc. (a) | 3 | ||||||
38,420 | Noble Corp. PLC (a) | 47 | ||||||
2,575 | Oceaneering International, Inc. (a) | 38 | ||||||
1,510 | Oil States International, Inc. (a) | 25 | ||||||
723 | Pacific Drilling SA (a) | 3 | ||||||
226 | Parker Drilling Co. (a) | 5 | ||||||
2,006 | ProPetro Holding Corp. (a) | 23 | ||||||
397 | RigNet, Inc. (a) | 3 | ||||||
1,406 | RPC, Inc. | 7 | ||||||
438 | SEACOR Holdings, Inc. (a) | 19 | ||||||
482 | SEACOR Marine Holdings, Inc. (a) | 7 | ||||||
1,420 | Seadrill Ltd.^ (a) | 4 | ||||||
1,480 | Select Energy Services, Inc. (a) | 14 | ||||||
666 | Smart Sand, Inc. (a) | 2 | ||||||
769 | Solaris Oilfield Infrastructure, Inc. | 11 | ||||||
8,313 | TechnipFMC PLC | 178 | ||||||
3,249 | TETRA Technologies, Inc. (a) | 6 | ||||||
1,017 | Tidewater, Inc. (a) | 20 | ||||||
61,401 | Transocean Ltd. (a) | 422 | ||||||
1,338 | Unit Corp. (a) | 1 | ||||||
1,913 | US Silica Holdings, Inc. | 12 | ||||||
486 | US Well Services, Inc. (a) | 1 | ||||||
22,865 | Valaris PLC^ | 150 | ||||||
|
| |||||||
1,405 | ||||||||
|
|
Shares | Security Description | Value (000) | ||||||
Entertainment — 0.27% |
| |||||||
1,278 | AMC Entertainment Holdings, Inc., Class – A^ | $ | 9 | |||||
1,810 | Eros International PLC (a) | 6 | ||||||
99,094 | Global Eagle Entertainment, Inc. (a) | 49 | ||||||
2,915 | Glu Mobile, Inc. (a) | 18 | ||||||
1,324 | IMAX Corp. (a) | 27 | ||||||
254 | Liberty Braves Group (a) | 8 | ||||||
949 | Liberty Media Corp.-Liberty Braves, Class – C (a) | 28 | ||||||
19,839 | Lions Gate Entertainment Corp., Class – B (a) | 197 | ||||||
792 | Livexlive Media, Inc. (a) | 1 | ||||||
561 | Marcus Corp. | 18 | ||||||
425 | Reading International, Inc. (a) | 5 | ||||||
518 | Rosetta Stone, Inc. (a) | 9 | ||||||
|
| |||||||
375 | ||||||||
|
| |||||||
Equity Real Estate Investment Trusts — 2.87% |
| |||||||
2,205 | Acadia Realty Trust | 57 | ||||||
1,060 | Agree Realty Corp. | 74 | ||||||
1,777 | Alexander & Baldwin, Inc. | 37 | ||||||
56 | Alexander’s, Inc. | 18 | ||||||
1,261 | American Assets Trust, Inc. | 58 | ||||||
2,793 | American Finance Trust, Inc. | 37 | ||||||
1,374 | Armada Hoffler Properties, Inc. | 25 | ||||||
2,259 | Ashford Hospitality Trust | 6 | ||||||
660 | Bluerock Residential Growth REIT, Inc. | 8 | ||||||
773 | Braemar Hotels & Resorts, Inc. | 7 | ||||||
292 | BRT Apartments Corp. | 5 | ||||||
2,449 | CareTrust REIT, Inc. | 51 | ||||||
1,235 | Catchmark Timber Trust, Inc. | 14 | ||||||
4,578 | CBL & Associates Properties, Inc. | 5 | ||||||
2,155 | Cedar Realty Trust, Inc. | 6 | ||||||
1,156 | Chatham Lodging Trust | 21 | ||||||
32 | CIM Commercial Trust Corp. | — | ||||||
1,358 | City Office REIT, Inc. | 18 | ||||||
413 | Clipper Realty, Inc. | 4 | ||||||
489 | Community Healthcare Trust, Inc. | 21 | ||||||
3,079 | CoreCivic, Inc. | 54 | ||||||
324 | Corenergy Infrastructure Trust, Inc. | 14 | ||||||
1,102 | CorePoint Lodging, Inc. | 12 | ||||||
11,636 | Corporate Office Properties Trust | 342 | ||||||
5,258 | DiamondRock Hospitality Co. | 58 | ||||||
1,933 | Easterly Government Properties, Inc. | 46 | ||||||
979 | EastGroup Properties, Inc. | 130 | ||||||
756 | Farmland Partners, Inc. | 5 | ||||||
3,251 | First Industrial Realty Trust, Inc. | 135 | ||||||
1,771 | Four Corners Property Trust, Inc. | 50 | ||||||
2,616 | Franklin Street Properties Corp. | 22 | ||||||
1,280 | Front Yard Residential Corp. | 16 | ||||||
879 | Getty Realty Corp. | 29 | ||||||
805 | Gladstone Commercial Corp. | 18 | ||||||
553 | Gladstone Land Corp. | 7 | ||||||
768 | Global Medical REIT, Inc. | 10 | ||||||
2,317 | Global Net Lease, Inc. | 47 | ||||||
3,413 | Healthcare Realty Trust, Inc. | 114 | ||||||
873 | Hersha Hospitality Trust | 13 | ||||||
2,339 | Independence Realty Trust, Inc. | 33 | ||||||
1,684 | Industrial Logistics Property Trust | 38 |
See accompanying notes to financial statements.
63
HC CAPITAL TRUST
The Institutional Small Capitalization-Mid Capitalization Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) |
| |||||||
Equity Real Estate Investment Trusts (continued) |
| |||||||
292 | Innovative Industrial Properties, Inc.^ | $ | 22 | |||||
311 | Investors Real Estate Trust | 23 | ||||||
1,576 | iStar, Inc. | 23 | ||||||
525 | Jernigan Capital, Inc. | 10 | ||||||
2,154 | Kite Realty Group Trust | 42 | ||||||
6,223 | Lexington Realty Trust | 66 | ||||||
1,018 | LTC Properties, Inc. | 46 | ||||||
2,217 | Mack-Cali Realty Corp. | 51 | ||||||
2,414 | Monmouth Real Estate Investment Corp., Class – A | 35 | ||||||
1,099 | National Health Investors, Inc. | 90 | ||||||
1,539 | National Storage Affiliates | 52 | ||||||
2,231 | New Senior Investment Group, Inc. | 17 | ||||||
488 | NexPoint Residential Trust, Inc. | 22 | ||||||
1,239 | Office Properties Income Trust | 40 | ||||||
387 | One Liberty Properties, Inc. | 11 | ||||||
3,382 | Pebblebrook Hotel Trust | 91 | ||||||
1,747 | Pennsylvania Real Estate Investment Trust^ | 9 | ||||||
4,831 | Physicians Realty Trust | 91 | ||||||
3,229 | Piedmont Office Realty Trust, Inc., Class – A | 72 | ||||||
1,705 | PotlatchDeltic Corp. | 74 | ||||||
1,171 | Preferred Apartment Communities, Inc., Class – A | 16 | ||||||
521 | PS Business Parks, Inc. | 86 | ||||||
1,481 | QTS Realty Trust, Inc., Class – L | 80 | ||||||
2,909 | Retail Opportunity Investments Corp. | 51 | ||||||
399 | Retail Value, Inc. | 15 | ||||||
2,844 | Rexford Industrial Realty, Inc. | 130 | ||||||
4,376 | RLJ Lodging Trust | 78 | ||||||
2,053 | RPT Realty | 31 | ||||||
1,188 | Ryman Hospitality Properties, Inc. | 103 | ||||||
4,979 | Sabra Health Care REIT, Inc. | 106 | ||||||
269 | Safehold, Inc. | 11 | ||||||
299 | Saul Centers, Inc. | 16 | ||||||
6,100 | Senior Housing Properties Trust | 51 | ||||||
859 | Seritage Growth Properties | 34 | ||||||
3,447 | STAG Industrial, Inc. | 109 | ||||||
2,665 | Summit Hotel Properties, Inc. | 33 | ||||||
5,842 | Sunstone Hotel Investors, Inc. | 81 | ||||||
2,376 | Tanger Factory Outlet Centers, Inc.^ | 35 | ||||||
1,701 | Terreno Realty Corp. | 92 | ||||||
3,075 | The Geo Group, Inc. | 51 | ||||||
948 | UMH Properties, Inc. | 15 | ||||||
4,779 | Uniti Group, Inc. | 39 | ||||||
334 | Universal Health Realty Income Trust | 39 | ||||||
2,975 | Urban Edge Properties | 57 | ||||||
745 | Urstadt Biddle Properties, Inc., Class – A | 19 | ||||||
4,708 | Washington Prime Group, Inc.^ | 17 | ||||||
2,071 | Washington Real Estate Investment Trust | 60 | ||||||
1,022 | Whitestone REIT | 14 | ||||||
2,923 | Xenia Hotels & Resorts, Inc. | 63 | ||||||
|
| |||||||
4,084 | ||||||||
|
| |||||||
Food & Staples Retailing — 0.26% |
| |||||||
2,904 | BJ’s Wholesale Club Holdings, Inc., Class – C (a) | 66 | ||||||
637 | Chefs’ Warehouse Holdings LLC (a) | 24 | ||||||
182 | HF Foods Group, Inc. (a) | 4 |
Shares | Security Description | Value (000) | ||||||
Food & Staples Retailing (continued) |
| |||||||
364 | Ingles Markets, Inc., Class – A | $ | 17 | |||||
278 | Natural Grocers by Vitamin Cottage, Inc. | 3 | ||||||
2,654 | Performance Food Group Co. (a) | 138 | ||||||
583 | PriceSmart, Inc. | 41 | ||||||
1,381 | Rite Aid Corp.^ (a) | 21 | ||||||
928 | SpartanNash Co. | 13 | ||||||
789 | The Andersons, Inc. | 20 | ||||||
1,368 | United Natural Foods, Inc. (a) | 12 | ||||||
207 | Village Super Market, Inc., Class – A | 5 | ||||||
259 | Weis Markets, Inc. | 10 | ||||||
|
| |||||||
374 | ||||||||
|
| |||||||
Food Products — 0.69% |
| |||||||
101 | Alico, Inc. | 4 | ||||||
1,687 | B&G Foods, Inc.^ | 30 | ||||||
42 | Bridgford Foods Corp. | 1 | ||||||
421 | Calavo Growers, Inc. | 38 | ||||||
820 | Cal-Maine Foods, Inc. | 35 | ||||||
13,512 | Darling Ingredients, Inc. (a) | 379 | ||||||
250 | Farmer Brothers Co. (a) | 4 | ||||||
782 | Fresh Del Monte Produce, Inc. | 27 | ||||||
900 | Freshpet, Inc. (a) | 53 | ||||||
3,099 | Hostess Brands, Inc. (a) | 45 | ||||||
390 | J&J Snack Foods Corp. | 72 | ||||||
218 | John B. Sanfilippo & Son, Inc. | 20 | ||||||
487 | Lancaster Colony Corp. | 78 | ||||||
678 | Landec Corp. (a) | 8 | ||||||
382 | Limoneira Co. | 7 | ||||||
517 | Sanderson Farms, Inc. | 91 | ||||||
164 | Seneca Foods Corp., Class – A (a) | 7 | ||||||
2,162 | The Simply Good Foods Co. (a) | 62 | ||||||
420 | Tootsie Roll Industries, Inc. | 14 | ||||||
|
| |||||||
975 | ||||||||
|
| |||||||
Gas Utilities — 0.44% |
| |||||||
414 | Chesapeake Utilities Corp. | 40 | ||||||
2,291 | New Jersey Resources Corp. | 102 | ||||||
790 | Northwest Natural Holding Co. | 58 | ||||||
1,347 | One Gas, Inc. | 126 | ||||||
202 | RGC Resources, Inc. | 6 | ||||||
2,412 | South Jersey Industries, Inc. | 80 | ||||||
1,400 | Southwest Gas Holdings, Inc. | 106 | ||||||
1,283 | Spire, Inc. | 107 | ||||||
|
| |||||||
625 | ||||||||
|
| |||||||
Health Care Equipment & Supplies — 4.02% |
| |||||||
377 | Abiomed, Inc. (a) | 64 | ||||||
2,183 | Accuray, Inc. (a) | 6 | ||||||
961 | Alphatec Holdings, Inc. (a) | 7 | ||||||
919 | AngioDynamics, Inc. (a) | 15 | ||||||
360 | Anika Therapeutics, Inc. (a) | 19 | ||||||
4,066 | Antares Pharma, Inc. (a) | 19 | ||||||
806 | Apyx Medical Corp. (a) | 7 | ||||||
977 | AtriCure, Inc. (a) | 32 | ||||||
38 | Atrion Corp. | 29 | ||||||
1,222 | Avanos Medical, Inc. (a) | 41 | ||||||
855 | AxoGen, Inc. (a) | 15 |
See accompanying notes to financial statements.
64
HC CAPITAL TRUST
The Institutional Small Capitalization-Mid Capitalization Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) |
| |||||||
Health Care Equipment & Supplies (continued) |
| |||||||
381 | Axonics Modulation Technologies, Inc. (a) | $ | 11 | |||||
161 | Biolife Solutions, Inc. (a) | 3 | ||||||
379 | BioSig Technologies, Inc. (a) | 2 | ||||||
9,332 | Cardiovascular Systems, Inc. (a) | 453 | ||||||
3,649 | Cerus Corp. (a) | 15 | ||||||
1,547 | ConforMIS, Inc. (a) | 2 | ||||||
699 | CONMED Corp. | 78 | ||||||
918 | CryoLife, Inc. (a) | 25 | ||||||
799 | Cryoport, Inc. (a) | 13 | ||||||
365 | Cutera, Inc. (a) | 13 | ||||||
878 | CytoSorbents Corp. (a) | 3 | ||||||
3,195 | Dexcom, Inc. (a) | 699 | ||||||
1,245 | Edwards Lifesciences Corp. (a) | 290 | ||||||
279 | Electrocore LLC (a) | — | ||||||
1,389 | GenMark Diagnostics, Inc. (a) | 7 | ||||||
1,004 | Glaukos Corp. (a) | 55 | ||||||
1,968 | Globus Medical, Inc. (a) | 116 | ||||||
1,328 | Haemonetics Corp. (a) | 153 | ||||||
176 | Heska Corp. (a) | 17 | ||||||
480 | Inogen, Inc. (a) | 33 | ||||||
5,051 | Insulet Corp. (a) | 866 | ||||||
832 | Integer Holdings Corp. (a) | 67 | ||||||
209 | Intricon Corp. (a) | 4 | ||||||
889 | Invacare Corp. | 8 | ||||||
110 | Iradimed Corp. (a) | 3 | ||||||
681 | iRhythm Technologies, Inc. (a) | 46 | ||||||
961 | Lantheus Holdings, Inc. (a) | 20 | ||||||
414 | LeMaitre Vascular, Inc. | 15 | ||||||
1,257 | LivaNova PLC (a) | 95 | ||||||
1,081 | Meridian Bioscience, Inc. | 11 | ||||||
3,720 | Merit Medical Systems, Inc. (a) | 116 | ||||||
179 | Misonix, Inc. (a) | 3 | ||||||
887 | Natus Medical, Inc. (a) | 29 | ||||||
1,334 | Neogen Corp. (a) | 87 | ||||||
5,773 | Neuronetics, Inc. (a) | 26 | ||||||
779 | Nevro Corp. (a) | 92 | ||||||
2,253 | Novocure Ltd. (a) | 190 | ||||||
1,350 | NuVasive, Inc. (a) | 104 | ||||||
1,547 | OraSure Technologies, Inc. (a) | 12 | ||||||
455 | Orthofix Medical, Inc. (a) | 21 | ||||||
243 | Orthopediatrics Corp. (a) | 11 | ||||||
275 | Pulse Biosciences, Inc. (a) | 4 | ||||||
915 | Quidel Corp. (a) | 69 | ||||||
1,392 | Rockwell Medical, Inc. (a) | 3 | ||||||
1,430 | RTI Surgical Holdings, Inc. (a) | 4 | ||||||
374 | Seaspine Holdings Corp. (a) | 4 | ||||||
3,694 | Senseonics Holdings, Inc.^ (a) | 3 | ||||||
633 | Shockwave Medical, Inc. (a) | 28 | ||||||
398 | SI-Bone, Inc. (a) | 9 | ||||||
966 | Sientra, Inc. (a) | 9 | ||||||
409 | Silk Road Medical, Inc. (a) | 17 | ||||||
131 | Soliton, Inc. (a) | 1 | ||||||
1,162 | STAAR Surgical Co. (a) | 41 | ||||||
1,682 | STERIS PLC | 256 |
Shares | Security Description | Value (000) | ||||||
Health Care Equipment & Supplies (continued) |
| |||||||
330 | SurModics, Inc. (a) | $ | 14 | |||||
473 | Tactile Systems Technology, Inc. (a) | 32 | ||||||
5,146 | Tandem Diabetes Care, Inc. (a) | 307 | ||||||
2,186 | The Cooper Cos., Inc. | 702 | ||||||
332 | TransEnterix, Inc.^ (a) | — | ||||||
357 | TransMedics Group, Inc. (a) | 7 | ||||||
88 | Utah Medical Products, Inc. | 9 | ||||||
362 | Vapotherm, Inc. (a) | 4 | ||||||
955 | Varex Imaging Corp. (a) | 28 | ||||||
1,743 | Viewray, Inc. (a) | 7 | ||||||
3,280 | Wright Medical Group N.V. (a) | 100 | ||||||
377 | Zynex, Inc.^ (a) | 3 | ||||||
|
| |||||||
5,729 | ||||||||
|
| |||||||
Health Care Providers & Services — 1.08% |
| |||||||
9,107 | Acadia Healthcare Company, Inc. (a) | 303 | ||||||
319 | Addus HomeCare Corp. (a) | 31 | ||||||
809 | Amedisys, Inc. (a) | 135 | ||||||
459 | American Renal Associates Holdings, Inc. (a) | 5 | ||||||
1,187 | AMN Healthcare Services, Inc. (a) | 74 | ||||||
162 | Apollo Medical Holdings, Inc. (a) | 3 | ||||||
525 | Avalon GloboCare Corp. (a) | 1 | ||||||
863 | Biotelemetry, Inc. (a) | 40 | ||||||
4,793 | Brookdale Senior Living, Inc. (a) | 35 | ||||||
171 | Catasys, Inc. (a) | 3 | ||||||
2,310 | Community Health Systems, Inc. (a) | 7 | ||||||
227 | CorVel Corp. (a) | 20 | ||||||
896 | Cross Country Healthcare, Inc. (a) | 10 | ||||||
1,528 | Diplomat Pharmacy, Inc. (a) | 6 | ||||||
81 | Exagen, Inc. (a) | 2 | ||||||
2,027 | Genesis Healthcare, Inc. (a) | 3 | ||||||
962 | Hanger, Inc. (a) | 27 | ||||||
1,787 | HealthEquity, Inc. (a) | 132 | ||||||
780 | LHC Group, Inc. (a) | 107 | ||||||
562 | Magellan Health, Inc. (a) | 44 | ||||||
308 | National Healthcare Corp. | 27 | ||||||
302 | National Research Corp., Class – A | 20 | ||||||
3,375 | Option Care Health, Inc. (a) | 13 | ||||||
1,651 | Owens & Minor, Inc. | 9 | ||||||
2,171 | Patterson Companies, Inc. | 44 | ||||||
513 | Petiq, Inc. (a) | 13 | ||||||
284 | Progyny, Inc. (a) | 8 | ||||||
293 | Providence Service Corp. (a) | 17 | ||||||
2,710 | R1 RCM, Inc. (a) | 35 | ||||||
1,057 | RadNet, Inc. (a) | 21 | ||||||
2,832 | Select Medical Holdings Corp. (a) | 66 | ||||||
603 | Surgery Partners, Inc. (a) | 9 | ||||||
2,643 | Tenet Healthcare Corp. (a) | 101 | ||||||
1,294 | The Ensign Group, Inc. | 59 | ||||||
316 | The Joint Corp. (a) | 5 | ||||||
647 | The Pennant Group, Inc. (a) | 21 | ||||||
1,253 | Tivity Health, Inc. (a) | 25 | ||||||
577 | Triple-S Management Corp., Class – A (a) | 11 | ||||||
326 | U.S. Physical Therapy, Inc. | 37 | ||||||
|
| |||||||
1,529 | ||||||||
|
|
See accompanying notes to financial statements.
65
HC CAPITAL TRUST
The Institutional Small Capitalization-Mid Capitalization Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) |
| |||||||
Health Care Technology — 0.39% |
| |||||||
4,301 | Allscripts Healthcare Solutions, Inc. (a) | $ | 42 | |||||
2,519 | Castlight Health, Inc., Class – B (a) | 3 | ||||||
319 | Computer Programs & Systems, Inc. | 8 | ||||||
1,955 | Evolent Health, Inc. (a) | 18 | ||||||
197 | Health Catalyst, Inc. (a) | 7 | ||||||
656 | HealthStream, Inc. (a) | 18 | ||||||
2,264 | HMS Holdings Corp. (a) | 67 | ||||||
1,851 | Inovalon Holdings, Inc., Class – A (a) | 35 | ||||||
341 | Inspire Medical System, Inc. (a) | 25 | ||||||
351 | Livongo Health, Inc. (a) | 9 | ||||||
1,430 | NextGen Healthcare, Inc. (a) | 23 | ||||||
1,068 | Omnicell, Inc. (a) | 87 | ||||||
418 | OptimizeRx Corp. (a) | 4 | ||||||
248 | Phreesia, Inc. (a) | 7 | ||||||
298 | Simulations Plus, Inc. | 9 | ||||||
514 | Tabula Rasa Healthcare, Inc. (a) | 25 | ||||||
1,853 | Teladoc Health, Inc. (a) | 155 | ||||||
816 | Vocera Communications, Inc. (a) | 17 | ||||||
|
| |||||||
559 | ||||||||
|
| |||||||
Hotels, Restaurants & Leisure — 1.44% |
| |||||||
1,723 | BBX Capital Corp. | 8 | ||||||
29 | Biglari Holdings, Inc., Class – B (a) | 3 | ||||||
499 | BJ’s Restaurant, Inc. | 19 | ||||||
2,228 | Bloomin’ Brands, Inc. | 49 | ||||||
209 | Bluegreen Vacations Corp. | 2 | ||||||
2,068 | Boyd Gaming Corp. | 62 | ||||||
969 | Brinker International, Inc. | 41 | ||||||
877 | Carrols Restaurant Group, Inc. (a) | 6 | ||||||
682 | Century Casinos, Inc. (a) | 5 | ||||||
906 | Churchill Downs, Inc. | 124 | ||||||
422 | Chuy’s Holdings, Inc. (a) | 11 | ||||||
614 | Cracker Barrel Old Country Store, Inc. | 94 | ||||||
813 | Dave & Buster’s Entertainment, Inc. | 33 | ||||||
730 | Del Taco Restaurants, Inc. (a) | 6 | ||||||
1,527 | Denny’s Corp. (a) | 30 | ||||||
421 | Dine Brands Global, Inc. | 35 | ||||||
1,571 | Drive Shack, Inc. (a) | 6 | ||||||
511 | El Pollo Loco Holdings, Inc. (a) | 8 | ||||||
8,781 | Eldorado Resorts, Inc. (a) | 524 | ||||||
568 | Fiesta Restaurant Group, Inc. (a) | 6 | ||||||
491 | Golden Entertainment, Inc. (a) | 9 | ||||||
214 | Inspired Entertainment, Inc. (a) | 1 | ||||||
294 | J. Alexander’s Holdings, Inc. (a) | 3 | ||||||
667 | Jack in the Box, Inc. | 52 | ||||||
82 | Kura Sushi USA, Inc., Class – A (a) | 2 | ||||||
576 | Lindblad Expeditions Holdings, Inc. (a) | 9 | ||||||
1,073 | Marriott Vacations Worldwide Corp. | 139 | ||||||
285 | Monarch Casino & Resort, Inc. (a) | 14 | ||||||
73 | Nathan’s Famous, Inc. | 5 | ||||||
705 | Noodles & Co. (a) | 4 | ||||||
573 | Papa John’s International, Inc. | 36 | ||||||
2,867 | Penn National Gaming, Inc. (a) | 73 | ||||||
2,626 | Planet Fitness, Inc., Class – A (a) | 197 | ||||||
665 | PlayAGS, Inc. (a) | 8 |
Shares | Security Description | Value (000) | ||||||
Hotels, Restaurants & Leisure (continued) |
| |||||||
666 | Potbelly Corp. (a) | $ | 3 | |||||
226 | RCI Hospitality Holdings, Inc. | 5 | ||||||
589 | Red Lion Hotels Corp. (a) | 2 | ||||||
336 | Red Robin Gourmet Burgers, Inc. (a) | 11 | ||||||
1,813 | Red Rock Resorts, Inc., Class – A | 43 | ||||||
759 | Ruth’s Hospitality Group, Inc. | 17 | ||||||
1,476 | Scientific Games Corp., Class – A (a) | 40 | ||||||
1,211 | SeaWorld Entertainment, Inc. (a) | 38 | ||||||
740 | Shake Shack, Inc., Class – A (a) | 44 | ||||||
800 | Target Hospitality Corp. (a) | 4 | ||||||
1,717 | Texas Roadhouse, Inc., Class – A | 97 | ||||||
1,062 | The Cheesecake Factory, Inc. | 41 | ||||||
516 | The Habit Restaurants, Inc. (a) | 5 | ||||||
457 | Twin River Worldwide Holdings, Inc. | 12 | ||||||
751 | Wingstop, Inc. | 65 | ||||||
|
| |||||||
2,051 | ||||||||
|
| |||||||
Household Durables — 1.15% |
| |||||||
234 | Bassett Furniture Industries, Inc. | 4 | ||||||
748 | Beazer Homes USA, Inc. (a) | 11 | ||||||
226 | Cavco Industries, Inc. (a) | 44 | ||||||
6,398 | Century Communities, Inc. (a) | 175 | ||||||
605 | Ethan Allen Interiors, Inc. | 12 | ||||||
183 | Flexsteel Industries, Inc. | 4 | ||||||
3,315 | Gopro, Inc., Class – A (a) | 14 | ||||||
575 | Green Brick Partners, Inc. (a) | 7 | ||||||
156 | Hamilton Beach Brands Holding Co. | 3 | ||||||
648 | Helen of Troy Ltd. (a) | 117 | ||||||
292 | Hooker Furniture Corp. | 8 | ||||||
588 | Installed Building Products, Inc. (a) | 40 | ||||||
709 | iRobot Corp. (a) | 36 | ||||||
2,209 | KB Home | 76 | ||||||
1,152 | La-Z-Boy, Inc. | 36 | ||||||
178 | Legacy Housing Corp. (a) | 3 | ||||||
3,287 | LGI Homes, Inc. (a) | 231 | ||||||
290 | Lifetime Brands, Inc. | 2 | ||||||
695 | M/I Homes, Inc. (a) | 27 | ||||||
1,277 | MDC Holdings, Inc. | 49 | ||||||
944 | Meritage Homes Corp. (a) | 58 | ||||||
210 | Purple Innovation, Inc. (a) | 2 | ||||||
1,302 | Skyline Champion Corp. (a) | 41 | ||||||
1,837 | Sonos, Inc. (a) | 29 | ||||||
2,694 | Taylor Morrison Home Corp., Class – A (a) | 59 | ||||||
221 | The Lovesac Co. (a) | 4 | ||||||
865 | TopBuild Corp. (a) | 89 | ||||||
3,580 | TRI Pointe Homes, Inc. (a) | 56 | ||||||
1,229 | Tupperware Brands Corp. | 11 | ||||||
7,044 | Universal Electronics, Inc. (a) | 367 | ||||||
847 | William Lyon Homes, Class – A (a) | 17 | ||||||
768 | Zagg, Inc. (a) | 6 | ||||||
|
| |||||||
1,638 | ||||||||
|
| |||||||
Household Products — 0.08% |
| |||||||
263 | Central Garden & Pet Co. (a) | 8 | ||||||
1,069 | Central Garden & Pet Co., Class – A (a) | 31 | ||||||
149 | Oil-Dri Corporation of America | 5 | ||||||
355 | WD-40 Co. | 70 | ||||||
|
| |||||||
114 | ||||||||
|
|
See accompanying notes to financial statements.
66
HC CAPITAL TRUST
The Institutional Small Capitalization-Mid Capitalization Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) |
| |||||||
Independent Power and Renewable Electricity Producers — 0.16% |
| |||||||
2,576 | Atlantic Power Corp. (a) | $ | 6 | |||||
906 | Clearway Energy, Inc., Class – A | 17 | ||||||
1,915 | Clearway Energy, Inc., Class – C | 38 | ||||||
1,023 | Ormat Technologies, Inc. | 76 | ||||||
2,266 | Pattern Energy Group, Inc. | 61 | ||||||
325 | Sunnova Energy International, Inc. (a) | 4 | ||||||
2,041 | Terraform Power, Inc., Class – A | 31 | ||||||
|
| |||||||
233 | ||||||||
|
| |||||||
Industrial Conglomerates — 0.02% |
| |||||||
939 | Raven Industries, Inc. | 32 | ||||||
|
| |||||||
Insurance — 1.40% |
| |||||||
1,139 | Ambac Financial Group, Inc. (a) | 25 | ||||||
2,326 | American Equity Investment Life Holding Co. | 70 | ||||||
497 | AMERISAFE, Inc. | 33 | ||||||
2,688 | Argo Group International Holdings Ltd. | 176 | ||||||
370 | BRP Group, Inc. – A (a) | 6 | ||||||
1,354 | Citizens, Inc. (a) | 9 | ||||||
3,921 | CNO Financial Group, Inc. | 71 | ||||||
400 | Crawford & Co. | 5 | ||||||
270 | Donegal Group, Inc. | 4 | ||||||
577 | eHealth, Inc. (a) | 55 | ||||||
820 | Employers Holdings, Inc. | 34 | ||||||
296 | Enstar Group Ltd. (a) | 61 | ||||||
1,269 | Everest Re Group Ltd. | 351 | ||||||
247 | FBL Financial Group, Inc., Class – A | 15 | ||||||
288 | FedNat Holding Co. | 5 | ||||||
13,076 | Genworth Financial, Inc., Class – A (a) | 58 | ||||||
198 | Global Indemnity Ltd. | 6 | ||||||
302 | Goosehead Insurance, Inc. | 13 | ||||||
740 | Greenlight Capital Re Ltd. (a) | 7 | ||||||
317 | Hallmark Financial Services, Inc. (a) | 6 | ||||||
171 | HCI Group, Inc. | 8 | ||||||
258 | Health Insurance Innovations, Inc., Class – A^ (a) | 5 | ||||||
664 | Heritage Insurance Holdings, Inc. | 9 | ||||||
1,082 | Horace Mann Educators Corp. | 47 | ||||||
117 | Independence Holding Co. | 5 | ||||||
38 | Investors Title Co. | 6 | ||||||
768 | James River Group Holdings | 32 | ||||||
521 | Kinsale Capital Group, Inc. | 53 | ||||||
1,963 | MBIA, Inc. (a) | 18 | ||||||
1,755 | National General Holdings Corp. | 39 | ||||||
59 | National Western Life Group, Inc., Class – A | 17 | ||||||
241 | NI Holdings, Inc. (a) | 4 | ||||||
315 | Palomar Holdings, Inc. (a) | 16 | ||||||
1,376 | ProAssurance Corp. | 50 | ||||||
221 | ProSight Global, Inc. (a) | 4 | ||||||
276 | Protective Insurance Corp., Class – B | 4 | ||||||
1,034 | RLI Corp. | 92 | ||||||
384 | Safety Insurance Group, Inc. | 36 | ||||||
1,509 | Selective Insurance Group, Inc. | 97 | ||||||
440 | State Auto Financial Corp. | 14 | ||||||
591 | Stewart Information Services Corp. | 24 | ||||||
1,863 | Third Point Reinsurance Ltd. (a) | 20 |
Shares | Security Description | Value (000) | ||||||
Insurance (continued) |
| |||||||
614 | Tiptree, Inc. | $ | 5 | |||||
713 | Trupanion, Inc. (a) | 27 | ||||||
533 | United Fire Group, Inc. | 23 | ||||||
487 | United Insurance Holdings Corp. | 6 | ||||||
786 | Universal Insurance Holdings, Inc. | 22 | ||||||
3,947 | W.R. Berkley Corp. | 272 | ||||||
536 | Watford Holdings Ltd. (a) | 13 | ||||||
|
| |||||||
1,978 | ||||||||
|
| |||||||
Interactive Media & Services — 0.17% |
| |||||||
546 | Care.com, Inc. (a) | 8 | ||||||
1,933 | Cargurus, Inc. (a) | 69 | ||||||
1,745 | Cars.com, Inc. (a) | 21 | ||||||
1,238 | DHI Group, Inc. (a) | 4 | ||||||
968 | Eventbrite, Inc. (a) | 20 | ||||||
250 | EverQuote, Inc., Class – A (a) | 9 | ||||||
1,830 | Liberty TripAdvisor Holdings, Inc., Class – A (a) | 13 | ||||||
1,141 | QuinStreet, Inc. (a) | 17 | ||||||
1,825 | The Meet Group, Inc. (a) | 9 | ||||||
104 | Travelzoo, Inc. (a) | 1 | ||||||
2,601 | TrueCar, Inc. (a) | 12 | ||||||
1,780 | Yelp, Inc. (a) | 62 | ||||||
|
| |||||||
245 | ||||||||
|
| |||||||
Internet & Direct Marketing Retail — 0.12% |
| |||||||
641 | 1-800-Flowers.com, Inc., Class – A (a) | 9 | ||||||
269 | Duluth Holdings, Inc., Class – B (a) | 3 | ||||||
269 | Gaia, Inc. (a) | 2 | ||||||
11,630 | Groupon, Inc. (a) | 28 | ||||||
286 | Lands’ End, Inc. (a) | 5 | ||||||
449 | Leaf Group Ltd. (a) | 2 | ||||||
788 | Liquidity Services, Inc. (a) | 5 | ||||||
505 | PetMed Express, Inc. | 12 | ||||||
1,997 | Quotient Technology, Inc. (a) | 20 | ||||||
481 | Shutterstock, Inc. (a) | 21 | ||||||
428 | Stamps.com, Inc. (a) | 35 | ||||||
1,091 | Stitch Fix, Inc., Class – A (a) | 28 | ||||||
424 | The Realreal, Inc. (a) | 8 | ||||||
1,270 | Waitr Holdings, Inc.^ (a) | — | ||||||
|
| |||||||
178 | ||||||||
|
| |||||||
IT Services — 2.34% |
| |||||||
2,893 | Alliance Data Systems Corp. | 325 | ||||||
36,154 | Brightcove, Inc. (a) | 314 | ||||||
952 | Cardtronics PLC (a) | 43 | ||||||
373 | Cass Information Systems, Inc. | 22 | ||||||
4,475 | Conduent, Inc. (a) | 28 | ||||||
852 | CSG Systems International, Inc. | 44 | ||||||
1,801 | Endurance International Group Holdings, Inc. (a) | 8 | ||||||
2,263 | Euronet Worldwide, Inc. (a) | 357 | ||||||
1,822 | Everi Holdings, Inc. (a) | 24 | ||||||
1,580 | EVERTEC, Inc. | 54 | ||||||
901 | Evo Payments, Inc., Class – A (a) | 24 | ||||||
1,245 | Exela Technologies, Inc. (a) | 1 | ||||||
866 | Exlservice Holdings, Inc. (a) | 60 | ||||||
2,257 | Global Payments, Inc. | 412 | ||||||
857 | GTT Communications, Inc.^ (a) | 10 | ||||||
363 | I3 Verticals, Inc., Class – A (a) | 10 |
See accompanying notes to financial statements.
67
HC CAPITAL TRUST
The Institutional Small Capitalization-Mid Capitalization Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) |
| |||||||
IT Services (continued) |
| |||||||
994 | Information Services Group, Inc. (a) | $ | 3 | |||||
457 | International Money Express, Inc. (a) | 6 | ||||||
26,907 | KBR, Inc. | 820 | ||||||
2,896 | Limelight Networks, Inc. (a) | 12 | ||||||
1,746 | LiveRamp Holdings, Inc. (a) | 84 | ||||||
700 | ManTech International Corp., Class – A | 56 | ||||||
1,640 | MAXIMUS, Inc. | 122 | ||||||
1,709 | NIC, Inc. | 38 | ||||||
809 | Paysign, Inc.^ (a) | 8 | ||||||
839 | Perficient, Inc. (a) | 39 | ||||||
3,616 | Perspecta, Inc. | 96 | ||||||
521 | PRGX Global, Inc. (a) | 3 | ||||||
158 | Priority Technology Holdings, Inc. (a) | — | ||||||
1,499 | Science Applications International Corp. | 130 | ||||||
394 | Startek, Inc. (a) | 3 | ||||||
986 | Sykes Enterprises, Inc. (a) | 36 | ||||||
639 | The Hackett Group, Inc. | 10 | ||||||
376 | TTEC Holdings, Inc. | 15 | ||||||
250 | Tucows, Inc. (a) | 15 | ||||||
1,314 | Unisys Corp. (a) | 16 | ||||||
3,280 | Verra Mobility Corp. (a) | 46 | ||||||
758 | Virtusa Corp. (a) | 34 | ||||||
|
| |||||||
3,328 | ||||||||
|
| |||||||
Leisure Products — 0.23% |
| |||||||
927 | Acushnet Holdings Corp. | 30 | ||||||
1,397 | American Outdoor Brands Corp. (a) | 13 | ||||||
2,419 | Callaway Golf Co. | 51 | ||||||
589 | Clarus Corp. | 8 | ||||||
324 | Escalade, Inc. | 3 | ||||||
126 | Johnson Outdoors, Inc., Class – A | 10 | ||||||
549 | Malibu Boats, Inc., Class – A (a) | 22 | ||||||
197 | Marine Products Corp. | 3 | ||||||
478 | Mastercraft Boat Holdings, Inc. (a) | 8 | ||||||
440 | Sturm, Ruger & Co., Inc. | 21 | ||||||
17,122 | Vista Outdoor, Inc. (a) | 128 | ||||||
1,061 | Yeti Holdings, Inc. (a) | 37 | ||||||
|
| |||||||
334 | ||||||||
|
| |||||||
Life Sciences Tools & Services — 0.37% |
| |||||||
686 | Accelerate Diagnostics, Inc. (a) | 12 | ||||||
961 | Chromadex Corp.^ (a) | 4 | ||||||
1,331 | Codexis, Inc. (a) | 21 | ||||||
1,286 | ENZO Biochem, Inc. (a) | 3 | ||||||
1,799 | Fluidigm Corp. (a) | 6 | ||||||
1,058 | Luminex Corp. | 25 | ||||||
709 | Medpace Holdings, Inc. (a) | 60 | ||||||
865 | NanoString Technologies, Inc. (a) | 24 | ||||||
2,488 | NeoGenomics, Inc. (a) | 73 | ||||||
3,582 | Pacific Biosciences of California, Inc. (a) | 18 | ||||||
216 | Personalis, Inc. (a) | 2 | ||||||
5,254 | Qiagen N.V. (a) | 177 | ||||||
327 | Quanterix Corp. (a) | 8 | ||||||
1,621 | Syneos Health, Inc. (a) | 97 | ||||||
|
| |||||||
530 | ||||||||
|
|
Shares | Security Description | Value (000) | ||||||
Machinery — 1.91% |
| |||||||
1,429 | Actuant Corp., Class – A | $ | 37 | |||||
257 | Alamo Group, Inc. | 32 | ||||||
792 | Albany International Corp. | 60 | ||||||
1,664 | Altra Industrial Motion Corp. | 60 | ||||||
592 | Astec Industries, Inc. | 25 | ||||||
1,227 | Barnes Group, Inc. | 76 | ||||||
419 | Blue Bird Corp. (a) | 10 | ||||||
1,064 | Briggs & Stratton Corp. | 7 | ||||||
930 | Chart Industries, Inc. (a) | 63 | ||||||
489 | CIRCOR International, Inc. (a) | 23 | ||||||
603 | Columbus McKinnon Corp. | 24 | ||||||
860 | Commercial Vehicle Group, Inc. (a) | 5 | ||||||
363 | DMC Global, Inc. | 16 | ||||||
589 | Douglas Dynamics, Inc. | 32 | ||||||
928 | Energy Recovery, Inc. (a) | 9 | ||||||
533 | ENPRO Industries, Inc. | 36 | ||||||
660 | ESCO Technologies, Inc. | 61 | ||||||
1,984 | Evoqua Water Technologies Co. (a) | 38 | ||||||
1,561 | Federal Signal Corp. | 50 | ||||||
1,193 | Franklin Electric Co., Inc. | 68 | ||||||
268 | Gencor Industries, Inc. (a) | 3 | ||||||
240 | Graham Corp. | 5 | ||||||
2,045 | Harsco Corp. (a) | 47 | ||||||
766 | Helios Technologies, Inc. | 35 | ||||||
1,880 | Hillenbrand, Inc. | 63 | ||||||
159 | Hurco Companies, Inc. | 6 | ||||||
253 | Hyster-Yale Materials Handling, Inc. | 15 | ||||||
808 | John Bean Technologies Corp. | 91 | ||||||
289 | Kadant, Inc. | 30 | ||||||
2,138 | Kennametal, Inc. | 79 | ||||||
248 | L.B. Foster Co., Class – A (a) | 5 | ||||||
284 | Lindsay Corp. | 27 | ||||||
726 | Luxfer Holdings PLC | 13 | ||||||
469 | Lydall, Inc. (a) | 10 | ||||||
19,244 | Meritor, Inc. (a) | 505 | ||||||
285 | Miller Industries, Inc. | 11 | ||||||
1,439 | Mueller Industries, Inc. | 46 | ||||||
4,063 | Mueller Water Products, Inc., Class – A | 49 | ||||||
1,289 | Navistar International Corp. (a) | 37 | ||||||
1,174 | NN, Inc. | 11 | ||||||
80 | Omega Flex, Inc. | 9 | ||||||
244 | Park-Ohio Holdings Corp. | 8 | ||||||
695 | Proto Labs, Inc. (a) | 71 | ||||||
627 | RBC Bearings, Inc. (a) | 99 | ||||||
760 | REV Group, Inc. | 9 | ||||||
2,740 | Rexnord Corp. (a) | 89 | ||||||
862 | Spartan Motors, Inc. | 16 | ||||||
1,130 | SPX Corp. (a) | 57 | ||||||
1,087 | SPX FLOW, Inc. (a) | 53 | ||||||
317 | Standex International Corp. | 25 | ||||||
468 | Tennant Co. | 36 | ||||||
1,632 | Terex Corp. | 49 | ||||||
135 | The Eastern Co. | 4 | ||||||
471 | The Gorman-Rupp Co. | 18 | ||||||
846 | The Greenbrier Cos., Inc. | 27 |
See accompanying notes to financial statements.
68
HC CAPITAL TRUST
The Institutional Small Capitalization-Mid Capitalization Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) |
| |||||||
Machinery (continued) |
| |||||||
894 | The Manitowoc Co., Inc. (a) | $ | 16 | |||||
1,378 | Titan International, Inc. | 5 | ||||||
1,181 | TriMas Corp. (a) | 37 | ||||||
254 | Twin Disc, Inc. (a) | 3 | ||||||
1,376 | Wabash National Corp. | 20 | ||||||
917 | WABCO Holdings, Inc. (a) | 125 | ||||||
711 | Watts Water Technologies, Inc., Class – A | 71 | ||||||
3,340 | Welbilt, Inc. (a) | 52 | ||||||
|
| |||||||
2,719 | ||||||||
|
| |||||||
Marine — 0.23% |
| |||||||
1,326 | Costamare, Inc. | 12 | ||||||
1,129 | Eagle Bulk Shipping, Inc. (a) | 5 | ||||||
377 | Genco Shipping & Trading Ltd. | 4 | ||||||
2,758 | Kirby Corp. (a) | 247 | ||||||
1,103 | Matson, Inc. | 45 | ||||||
1,494 | Safe Bulkers, Inc. (a) | 3 | ||||||
1,460 | Scorpio Bulkers, Inc. | 9 | ||||||
|
| |||||||
325 | ||||||||
|
| |||||||
Media — 0.66% |
| |||||||
248 | Boston Omaha Corp. (a) | 5 | ||||||
7,411 | Cardlytics, Inc. (a) | 466 | ||||||
228 | cbdMD, Inc. (a) | 1 | ||||||
2,351 | Central European Media Enterprises Ltd. (a) | 11 | ||||||
1,102 | Clear Channel Outdoor Holdings, Inc. (a) | 3 | ||||||
1,186 | ComScore, Inc. (a) | 6 | ||||||
344 | Cumulus Media, Inc., Class – A (a) | 6 | ||||||
29 | Daily Journal Corp. (a) | 8 | ||||||
666 | Emerald Expositions Events, Inc. | 7 | ||||||
3,121 | Entercom Communications Corp. | 14 | ||||||
1,817 | Entravision Communications Corp., Class – A | 5 | ||||||
1,066 | Fluent, Inc. (a) | 3 | ||||||
3,009 | Gannett Co., Inc. | 19 | ||||||
2,358 | Gray Television, Inc. (a) | 51 | ||||||
462 | Hemisphere Media Group, Inc. (a) | 7 | ||||||
1,297 | Lee Enterprises, Inc. (a) | 2 | ||||||
1,163 | Liberty Lilac Group, Class – A (a) | 22 | ||||||
2,972 | Liberty Lilac Group, Class – C (a) | 58 | ||||||
346 | Loral Space & Communications, Inc. (a) | 11 | ||||||
840 | Marchex, Inc. (a) | 3 | ||||||
1,301 | MDC Partners, Inc., Class – A (a) | 4 | ||||||
1,027 | Meredith Corp. | 33 | ||||||
1,146 | MSG Networks, Inc., Class – A (a) | 20 | ||||||
1,601 | National CineMedia, Inc. | 12 | ||||||
115 | Saga Communications, Inc. | 3 | ||||||
751 | Scholastic Corp. | 29 | ||||||
570 | TechTarget (a) | 15 | ||||||
5,656 | TEGNA, Inc. | 94 | ||||||
1,369 | The E.W. Scripps Co., Class – A | 22 | ||||||
469 | Tribune Publishing Co. | 6 | ||||||
796 | WideOpenwest, Inc. (a) | 6 | ||||||
|
| |||||||
952 | ||||||||
|
| |||||||
Metals & Mining — 1.91% |
| |||||||
5,311 | Agnico-Eagle Mines Ltd. | 327 |
Shares | Security Description | Value (000) | ||||||
Metals & Mining (continued) |
| |||||||
8,280 | AK Steel Holding Corp. (a) | $ | 27 | |||||
34,099 | Allegheny Technologies, Inc. (a) | 705 | ||||||
2,912 | Carpenter Technology Corp. | 145 | ||||||
1,264 | Century Aluminum Co. (a) | 9 | ||||||
6,875 | Cleveland-Cliffs, Inc.^ | 58 | ||||||
6,120 | Coeur Mining, Inc. (a) | 49 | ||||||
3,045 | Commercial Metals Co. | 68 | ||||||
3,567 | Compass Minerals International, Inc. | 218 | ||||||
1,722 | Gold Resource Corp. | 10 | ||||||
321 | Haynes International, Inc. | 11 | ||||||
12,674 | Hecla Mining Co. | 43 | ||||||
408 | Kaiser Aluminum Corp. | 45 | ||||||
529 | Materion Corp. | 31 | ||||||
153 | Mayville Engineering Co, Inc. (a) | 1 | ||||||
6,015 | Novagold Resources, Inc. (a) | 54 | ||||||
273 | Olympic Steel, Inc. | 5 | ||||||
33,480 | Pan American Silver Corp. | 793 | ||||||
203 | Ramaco Resources, Inc. (a) | 1 | ||||||
404 | Ryerson Holding Corp. (a) | 5 | ||||||
679 | Schnitzer Steel Industries, Inc., Class – A | 15 | ||||||
1,967 | SunCoke Energy, Inc. | 12 | ||||||
200 | Synalloy Corp. (a) | 3 | ||||||
1,151 | Timkensteel Corp. (a) | 9 | ||||||
1,343 | Warrior Met Coal, Inc. | 28 | ||||||
989 | Worthington Industries, Inc. | 42 | ||||||
|
| |||||||
2,714 | ||||||||
|
| |||||||
Mortgage Real Estate Investment Trusts — 0.53% |
| |||||||
816 | AG Mortgage Investment Trust, Inc. | 13 | ||||||
2,517 | Anworth Mortgage Asset Corp. | 9 | ||||||
3,983 | Apollo Commercial Real Estate Finance, Inc. | 73 | ||||||
693 | Ares Commercial Real Estate Corp. | 11 | ||||||
1,560 | ARMOUR Residential REIT, Inc. | 28 | ||||||
3,255 | Blackstone Mortgage Trust, Inc. | 122 | ||||||
2,374 | Capstead Mortgage Corp. | 19 | ||||||
433 | Cherry Hill Mortgage Investment Corp. | 6 | ||||||
2,082 | Colony Credit Real Estate, Inc. | 27 | ||||||
603 | Dynex Capital, Inc. | 10 | ||||||
824 | Ellington Financial, Inc. | 15 | ||||||
780 | Exantas Capital Corp. | 9 | ||||||
1,426 | Granite Point Mortgage Trust, Inc. | 26 | ||||||
402 | Great Ajax Corp. | 6 | ||||||
1,654 | Hannon Armstrong Sustainable Infrastructure Capital, Inc. | 53 | ||||||
3,717 | Invesco Mortgage Capital, Inc. | 62 | ||||||
632 | KKR Real Estate Finance Trust, Inc. | 13 | ||||||
2,664 | Ladder Capital Corp. | 48 | ||||||
6,749 | New York Mortgage Trust, Inc. | 42 | ||||||
1,599 | Orchid Island Capital, Inc. | 9 | ||||||
2,313 | Pennymac Mortgage Investment Trust | 52 | ||||||
768 | Ready Capital Corp. | 12 | ||||||
2,867 | Redwood Trust, Inc. | 47 | ||||||
1,294 | TPG RE Finance Trust, Inc. | 26 | ||||||
1,320 | Western Asset Mortgage Capital Corp. | 14 | ||||||
|
| |||||||
752 | ||||||||
|
|
See accompanying notes to financial statements.
69
HC CAPITAL TRUST
The Institutional Small Capitalization-Mid Capitalization Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) |
| |||||||
Multiline Retail — 0.04% |
| |||||||
1,004 | Big Lots, Inc. | $ | 29 | |||||
270 | Dillard’s, Inc., Class – A^ | 20 | ||||||
7,997 | J.C. Penney Co., Inc.^ (a) | 9 | ||||||
|
| |||||||
58 | ||||||||
|
| |||||||
Multi-Utilities — 0.23% |
| |||||||
1,708 | Avista Corp. | 82 | ||||||
1,575 | Black Hills Corp. | 123 | ||||||
1,311 | NorthWestern Corp. | 94 | ||||||
367 | Unitil Corp. | 23 | ||||||
|
| |||||||
322 | ||||||||
|
| |||||||
Oil, Gas & Consumable Fuels — 2.02% |
| |||||||
4,355 | Abraxas Petroleum Corp. (a) | 2 | ||||||
1,220 | Altus Midstream Co., Class – A (a) | 3 | ||||||
376 | Amplify Energy Corp. | 2 | ||||||
1,509 | Amyris, Inc. (a) | 5 | ||||||
393 | Arch Coal, Inc. | 28 | ||||||
837 | Ardmore Shipping Corp. (a) | 8 | ||||||
1,588 | Berry Petroleum Corp. | 15 | ||||||
513 | Bonanza Creek Energy, Inc. (a) | 12 | ||||||
390 | Brigham Minerals, Inc. | 8 | ||||||
1,215 | California Resources Corp.^ (a) | 11 | ||||||
9,684 | Callon Petroleum Co. (a) | 47 | ||||||
29,068 | Centennial Resource Development, Inc., Class – A (a) | 134 | ||||||
753 | Chaparral Energy, Inc., Class – A (a) | 1 | ||||||
3,570 | Clean Energy Fuels Corp. (a) | 8 | ||||||
4,771 | CNX Resources Corp. (a) | 42 | ||||||
365 | Comstock Resources, Inc. (a) | 3 | ||||||
693 | CONSOL Energy, Inc. (a) | 10 | ||||||
499 | Contura Energy, Inc. (a) | 5 | ||||||
762 | CVR Energy, Inc. | 31 | ||||||
1,915 | Delek US Holdings, Inc. | 64 | ||||||
12,328 | Denbury Resources, Inc. (a) | 17 | ||||||
2,226 | DHT Holdings, Inc. | 18 | ||||||
598 | Diamond S Shipping, Inc. (a) | 10 | ||||||
736 | Dorian LPG Ltd. (a) | 11 | ||||||
551 | Earthstone Energy, Inc. (a) | 3 | ||||||
2,250 | Energy Fuels, Inc.^ (a) | 4 | ||||||
27,251 | Euronav N.V. | 342 | ||||||
679 | Evolution Petroleum Corp. | 4 | ||||||
2,424 | Extraction Oil & Gas, Inc.^ (a) | 5 | ||||||
934 | Falcon Minerals Corp. | 7 | ||||||
22,341 | GasLog Ltd. | 218 | ||||||
8,059 | Golar LNG Ltd. | 114 | ||||||
215 | Goodrich Petroleum Corp. (a) | 2 | ||||||
894 | Green Plains, Inc. | 14 | ||||||
4,378 | Gulfport Energy Corp. (a) | 13 | ||||||
509 | Hallador Energy Co. | 2 | ||||||
2,937 | Highpoint Resources Corp. (a) | 5 | ||||||
631 | International Seaways, Inc. (a) | 19 | ||||||
1,753 | Jagged Peak Energy, Inc. (a) | 15 | ||||||
4,521 | Laredo Petroleum, Inc. (a) | 13 | ||||||
2,624 | Magnolia Oil & Gas Corp. (a) | 33 | ||||||
2,871 | Matador Resources Co. (a) | 52 |
Shares | Security Description | Value (000) | ||||||
Oil, Gas & Consumable Fuels (continued) |
| |||||||
526 | Montage Resources Corp. (a) | $ | 4 | |||||
104 | NACCO Industries, Inc., Class – A | 5 | ||||||
28,832 | Navigator Holdings Ltd. (a) | 388 | ||||||
285 | Nextdecade Corp. (a) | 2 | ||||||
12,314 | Noble Energy, Inc. | 306 | ||||||
3,592 | Nordic American Tankers Ltd. | 18 | ||||||
7,821 | Northern Oil & Gas, Inc. (a) | 18 | ||||||
8,274 | Oasis Petroleum, Inc. (a) | 27 | ||||||
2,062 | Overseas Shipholding Group, Inc. (a) | 5 | ||||||
389 | Panhandle Oil & Gas, Inc., Class – A | 4 | ||||||
938 | Par Pacific Holdings, Inc. (a) | 22 | ||||||
7,287 | PDC Energy, Inc. (a) | �� | 191 | |||||
1,756 | Peabody Energy Corp. | 16 | ||||||
340 | Penn Virginia Corp. (a) | 10 | ||||||
12 | Primeenergy Resources Corp. (a) | 2 | ||||||
6,181 | QEP Resources, Inc. | 28 | ||||||
928 | Renewable Energy Group, Inc. (a) | 25 | ||||||
141 | REX American Resources Corp. (a) | 12 | ||||||
1,544 | Ring Energy, Inc. (a) | 4 | ||||||
252 | Rosehill Resources, Inc. (a) | — | ||||||
834 | SandRidge Energy, Inc. (a) | 4 | ||||||
1,138 | Scorpio Tankers, Inc. | 45 | ||||||
2,127 | SFL Corp. Ltd. | 31 | ||||||
206 | Silverbow Resources, Inc. (a) | 2 | ||||||
10,420 | SM Energy Co. | 117 | ||||||
13,907 | Southwestern Energy Co. (a) | 34 | ||||||
6,100 | SRC Energy, Inc. (a) | 25 | ||||||
497 | Talos Energy, Inc. (a) | 15 | ||||||
1,908 | Teekay Corp. | 10 | ||||||
601 | Teekay Tankers Ltd. (a) | 15 | ||||||
2,371 | Tellurian, Inc. (a) | 17 | ||||||
4,112 | Uranium Energy Corp. (a) | 4 | ||||||
2,441 | W&T Offshore, Inc. (a) | 14 | ||||||
2,339 | Whiting Petroleum Corp. (a) | 17 | ||||||
1,680 | World Fuel Services Corp. | 73 | ||||||
|
| |||||||
2,870 | ||||||||
|
| |||||||
Paper & Forest Products — 0.17% |
| |||||||
1,010 | Boise Cascade Co. | 37 | ||||||
401 | Clearwater Paper Corp. (a) | 9 | ||||||
3,068 | Louisiana-Pacific Corp. | 90 | ||||||
440 | Neenah, Inc. | 31 | ||||||
1,097 | PH Glatfelter Co. | 20 | ||||||
807 | Schweitzer-Mauduit International, Inc. | 34 | ||||||
878 | Verso Corp. (a) | 16 | ||||||
|
| |||||||
237 | ||||||||
|
| |||||||
Personal Products — 0.13% |
| |||||||
976 | Bellring Brands, Inc. (a) | 21 | ||||||
659 | e.l.f. Beauty, Inc. (a) | 11 | ||||||
1,402 | Edgewell Personal Care Co. (a) | 42 | ||||||
458 | Inter Parfums, Inc. | 33 | ||||||
339 | Lifevantage Corp. (a) | 5 | ||||||
288 | Medifast, Inc. | 32 | ||||||
237 | Nature’s Sunshine Products, Inc. (a) | 2 | ||||||
222 | Revlon, Inc., Class – A (a) | 5 | ||||||
340 | USANA Health Sciences, Inc. (a) | 27 | ||||||
200 | Youngevity International, Inc. (a) | 1 | ||||||
|
| |||||||
179 | ||||||||
|
|
See accompanying notes to financial statements.
70
HC CAPITAL TRUST
The Institutional Small Capitalization-Mid Capitalization Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) |
| |||||||
Pharmaceuticals — 1.40% |
| |||||||
1,898 | AcelRx Pharmaceuticals, Inc.^ (a) | $ | 4 | |||||
966 | Aclaris Therapeutics, Inc. (a) | 2 | ||||||
8,609 | Aerie Pharmaceuticals, Inc. (a) | 207 | ||||||
347 | Akcea Therapeutics, Inc. (a) | 6 | ||||||
2,351 | Akorn, Inc. (a) | 4 | ||||||
3,016 | Amneal Pharmaceuticals, Inc. (a) | 15 | ||||||
903 | Amphastar Pharmaceuticals, Inc. (a) | 17 | ||||||
230 | ANI Pharmaceuticals, Inc. (a) | 14 | ||||||
544 | Arvinas, Inc. (a) | 22 | ||||||
568 | Assembly Biosciences, Inc. (a) | 12 | ||||||
1,637 | Assertio Therapeutics, Inc. (a) | 2 | ||||||
644 | Axsome Therapeutics, Inc. (a) | 67 | ||||||
218 | Baudax Bio, Inc. (a) | 2 | ||||||
2,249 | BioDelivery Sciences International, Inc. (a) | 14 | ||||||
519 | Cerecor, Inc. (a) | 3 | ||||||
862 | Chiasma, Inc. (a) | 4 | ||||||
807 | Collegium Pharmaceutical, Inc. (a) | 17 | ||||||
2,438 | Corcept Therapeutics, Inc. (a) | 29 | ||||||
571 | CorMedix, Inc. (a) | 4 | ||||||
1,727 | Cymabay Therapeutics, Inc. (a) | 3 | ||||||
1,167 | Dermira, Inc. (a) | 18 | ||||||
571 | Eloxx Pharmaceuticals, Inc. (a) | 4 | ||||||
5,666 | ENDO International PLC (a) | 27 | ||||||
343 | Evofem Biosciences, Inc. (a) | 2 | ||||||
425 | Evolus, Inc. (a) | 5 | ||||||
1,500 | EyePoint Pharmaceuticals, Inc.^ (a) | 2 | ||||||
100 | Fulcrum Therapeutics, Inc. (a) | 2 | ||||||
1,735 | Innoviva, Inc. (a) | 25 | ||||||
773 | Intersect ENT, Inc. (a) | 19 | ||||||
1,085 | Intra-Cellular Therapies, Inc. (a) | 37 | ||||||
545 | Kala Pharmaceuticals, Inc. (a) | 2 | ||||||
122 | Kaleido Biosciences, Inc.^ (a) | 1 | ||||||
806 | Lannett Co., Inc. (a) | 7 | ||||||
332 | Liquidia Technologies, Inc. (a) | 1 | ||||||
2,075 | Mallinckrodt PLC^ (a) | 7 | ||||||
1,199 | Marinus Pharmaceuticals, Inc. (a) | 3 | ||||||
384 | Menlo Therapeutics, Inc. (a) | 2 | ||||||
1,158 | Myokardia, Inc. (a) | 84 | ||||||
2,438 | Nektar Therapeutics (a) | 53 | ||||||
607 | NGM Biopharmaceuticals, Inc.^ (a) | 11 | ||||||
1,362 | Ocular Therapeutix, Inc. (a) | 5 | ||||||
294 | Odonate Therapeutics, Inc. (a) | 10 | ||||||
1,172 | Omeros Corp. (a) | 17 | ||||||
768 | Optinose, Inc. (a) | 7 | ||||||
268 | Osmotica Pharmaceuticals PLC (a) | 2 | ||||||
8,813 | Pacira BioSciences, Inc. (a) | 399 | ||||||
895 | Paratek Pharmaceuticals, Inc. (a) | 4 | ||||||
264 | Phathom Pharmaceuticals, Inc. (a) | 8 | ||||||
514 | Phibro Animal Health Corp., Class – A | 13 | ||||||
1,311 | Prestige Consumer Healthcare, Inc. (a) | 53 | ||||||
576 | Reata Pharmaceuticals, Inc., Class – A (a) | 118 | ||||||
372 | resTORbio, Inc. (a) | 1 | ||||||
1,103 | Revance Therapeutics, Inc. (a) | 18 | ||||||
108 | Satsuma Pharmaceuticals, Inc. (a) | 2 |
Shares | Security Description | Value (000) | ||||||
Pharmaceuticals (continued) |
| |||||||
1,363 | SIGA Technologies, Inc. (a) | $ | 7 | |||||
876 | Strongbridge BioPharma PLC (a) | 2 | ||||||
1,282 | Supernus Pharmaceuticals, Inc. (a) | 30 | ||||||
1,949 | The Medicines Co. (a) | 165 | ||||||
102,243 | TherapeuticsMD, Inc.^ (a) | 247 | ||||||
1,114 | Theravance Biopharma, Inc. (a) | 29 | ||||||
548 | Tricida, Inc. (a) | 21 | ||||||
322 | Verrica Pharmaceuticals, Inc. (a) | 5 | ||||||
565 | WaVe Life Sciences Ltd. (a) | 5 | ||||||
667 | Xeris Pharmaceuticals, Inc. (a) | 5 | ||||||
1,101 | Zogenix, Inc. (a) | 57 | ||||||
710 | Zynerba Pharmaceuticals, Inc. (a) | 4 | ||||||
|
| |||||||
1,994 | ||||||||
|
| |||||||
Professional Services — 0.57% |
| |||||||
1,434 | Acacia Research Corp. (a) | 4 | ||||||
1,329 | ASGN, Inc. (a) | 94 | ||||||
184 | Barrett Business Services, Inc. | 17 | ||||||
248 | BG Staffing, Inc. | 5 | ||||||
1,336 | CBIZ, Inc. (a) | 36 | ||||||
203 | CRA International, Inc. | 11 | ||||||
1,346 | Exponent, Inc. | 93 | ||||||
268 | Forrester Research, Inc. (a) | 11 | ||||||
249 | Franklin Covey Co. (a) | 8 | ||||||
964 | FTI Consulting, Inc. (a) | 107 | ||||||
290 | GP Strategies Corp. (a) | 4 | ||||||
474 | Heidrick & Struggles International, Inc. | 15 | ||||||
582 | Huron Consulting Group, Inc. (a) | 40 | ||||||
471 | ICF International, Inc. | 43 | ||||||
1,347 | InnerWorkings, Inc. (a) | 7 | ||||||
973 | Insperity, Inc. | 84 | ||||||
833 | Kelly Services, Inc., Class – A | 19 | ||||||
527 | Kforce, Inc. | 21 | ||||||
1,456 | Korn Ferry | 62 | ||||||
452 | Mistras Group, Inc. (a) | 6 | ||||||
774 | Resources Connections, Inc. | 13 | ||||||
1,143 | TriNet Group, Inc. (a) | 65 | ||||||
1,043 | TrueBlue, Inc. (a) | 25 | ||||||
1,434 | Upwork, Inc. (a) | 15 | ||||||
250 | Willdan Group, Inc. (a) | 8 | ||||||
|
| |||||||
813 | ||||||||
|
| |||||||
Real Estate Management & Development — 0.31% |
| |||||||
152 | Altisource Portfolio Solutions SA (a) | 3 | ||||||
75 | American Realty Investors, Inc. (a) | 1 | ||||||
125 | Consolidated-Tomoka Land Co. | 8 | ||||||
2,894 | Cushman & Wakefield PLC (a) | 59 | ||||||
2,078 | Essential Properties Realty Trust, Inc. | 52 | ||||||
525 | eXp World Holdings, Inc. (a) | 6 | ||||||
291 | Forestar Group, Inc. (a) | 6 | ||||||
186 | FRP Holdings, Inc. (a) | 9 | ||||||
31 | Griffin Industrial Realty, Inc. | 1 | ||||||
3,195 | Kennedy-Wilson Holdings, Inc. | 72 | ||||||
608 | Marcus & Millichap, Inc. (a) | 23 | ||||||
148 | Maui Land & Pineapple Co., Inc. (a) | 2 | ||||||
3,658 | Newmark Group, Inc., Class – A | 49 | ||||||
255 | Rafael Holdings, Inc., Class – B (a) | 5 |
See accompanying notes to financial statements.
71
HC CAPITAL TRUST
The Institutional Small Capitalization-Mid Capitalization Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) |
| |||||||
Real Estate Management & Development (continued) |
| |||||||
450 | RE/MAX Holdings, Inc., Class – A | $ | 17 | |||||
3,021 | Realogy Holdings Corp. | 29 | ||||||
2,287 | Redfin Corp. (a) | 48 | ||||||
136 | Stratus Properties, Inc. (a) | 4 | ||||||
574 | Tejon Ranch Co. (a) | 9 | ||||||
405 | The RMR Group, Inc., Class – A | 18 | ||||||
851 | The St. Joe Co. (a) | 17 | ||||||
34 | Transcontinental Realty Investors, Inc. (a) | 1 | ||||||
|
| |||||||
439 | ||||||||
|
| |||||||
Road & Rail — 0.41% |
| |||||||
665 | ArcBest Corp. | 18 | ||||||
1,491 | Avis Budget Group, Inc. (a) | 48 | ||||||
328 | Covenant Transportation Group, Inc., Class – A (a) | 4 | ||||||
1,105 | Daseke, Inc. (a) | 3 | ||||||
1,210 | Heartland Express, Inc. | 25 | ||||||
2,628 | Hertz Global Holdings, Inc. (a) | 41 | ||||||
8,368 | Knight-Swift Transportation Holdings, Inc. | 301 | ||||||
1,031 | Marten Transport Ltd. | 22 | ||||||
48 | P.A.M. Transportation Services, Inc. (a) | 3 | ||||||
86 | Roadrunner Transportation Systems, Inc. (a) | 1 | ||||||
670 | Saia, Inc. (a) | 63 | ||||||
194 | Universal Truckload Services, Inc. | 4 | ||||||
558 | US Xpress Enterprise, Inc., Class – A (a) | 3 | ||||||
1,154 | Werner Enterprises, Inc. | 42 | ||||||
843 | YRC Worldwide, Inc. (a) | 2 | ||||||
|
| |||||||
580 | ||||||||
|
| |||||||
Semiconductors & Semiconductor Equipment — 3.69% |
| |||||||
671 | Adesto Technologies Corp. (a) | 6 | ||||||
983 | Advanced Energy Industries, Inc. (a) | 70 | ||||||
4,450 | Advanced Micro Devices, Inc. (a) | 204 | ||||||
502 | Alpha & Omega Semiconductor Ltd. (a) | 7 | ||||||
816 | Ambarella, Inc. (a) | 49 | ||||||
2,526 | Amkor Technology, Inc. (a) | 33 | ||||||
827 | Axcelis Technologies, Inc. (a) | 20 | ||||||
1,088 | AXT, Inc. (a) | 5 | ||||||
1,847 | Brooks Automation, Inc. | 78 | ||||||
748 | Cabot Microelectronics Corp. | 108 | ||||||
566 | CEVA, Inc. (a) | 15 | ||||||
1,509 | Cirrus Logic, Inc. (a) | 124 | ||||||
1,014 | Cohu, Inc. | 23 | ||||||
5,464 | Cree, Inc. (a) | 252 | ||||||
4,839 | Cypress Semiconductor Corp. | 113 | ||||||
1,063 | Diodes, Inc. (a) | 60 | ||||||
606 | DSP Group, Inc. (a) | 10 | ||||||
1,931 | FormFactor, Inc. (a) | 50 | ||||||
370 | GSI Technology, Inc. (a) | 3 | ||||||
571 | Ichor Holdings Ltd. (a) | 19 | ||||||
431 | Impinj, Inc. (a) | 11 | ||||||
1,169 | Inphi Corp. (a) | 87 | ||||||
3,221 | Lattice Semiconductor Corp. (a) | 62 | ||||||
15,702 | MA-COM Technology Solutions Holdings, Inc. (a) | 417 | ||||||
8,998 | Marvell Technology Group Ltd. | 239 | ||||||
1,693 | MaxLinear, Inc., Class – A (a) | 36 | ||||||
1,239 | MKS Instruments, Inc. | 136 |
Shares | Security Description | Value (000) | ||||||
Semiconductors & Semiconductor Equipment (continued) |
| |||||||
4,124 | Monolithic Power Systems, Inc. | $ | 733 | |||||
972 | Neophotonics Corp. (a) | 9 | ||||||
124 | NVE Corp. | 9 | ||||||
1,242 | Onto Innovation, Inc. (a) | 45 | ||||||
713 | PDF Solutions, Inc. (a) | 12 | ||||||
1,642 | Photronics, Inc. (a) | 26 | ||||||
726 | Power Integrations, Inc. | 72 | ||||||
4,699 | Qorvo, Inc. (a) | 546 | ||||||
2,868 | Rambus, Inc. (a) | 40 | ||||||
9,889 | Semtech Corp. (a) | 523 | ||||||
2,642 | Silicon Laboratories, Inc. (a) | 307 | ||||||
351 | SMART Global Holdings, Inc. (a) | 13 | ||||||
1,583 | SunPower Corp. (a) | 12 | ||||||
877 | Synaptics, Inc. (a) | 58 | ||||||
4,309 | Ultra Clean Holdings, Inc. (a) | 101 | ||||||
2,311 | Universal Display Corp. | 476 | ||||||
1,213 | Veeco Instruments, Inc. (a) | 18 | ||||||
1,242 | Xperi Corp. | 23 | ||||||
|
| |||||||
5,260 | ||||||||
|
| |||||||
Software — 2.94% |
| |||||||
7,977 | 2U, Inc. (a) | 191 | ||||||
2,417 | 8x8, Inc. (a) | 44 | ||||||
1,410 | A10 Networks, Inc. (a) | 10 | ||||||
2,973 | ACI Worldwide, Inc. (a) | 113 | ||||||
524 | Agilysys, Inc. (a) | 13 | ||||||
944 | Alarm.com Holding, Inc. (a) | 41 | ||||||
1,029 | Altair Engineering, Inc., Class – A (a) | 37 | ||||||
763 | American Software, Inc., Class – A | 11 | ||||||
407 | AppFolio, Inc., Class – A (a) | 45 | ||||||
876 | Appian Corp. (a) | 33 | ||||||
2,880 | Avaya Holdings Corp. (a) | 39 | ||||||
14,161 | Benefitfocus, Inc. (a) | 310 | ||||||
1,260 | Blackbaud, Inc. | 100 | ||||||
1,098 | Blackline, Inc. (a) | 57 | ||||||
1,108 | Bottomline Technologies, Inc. (a) | 59 | ||||||
3,673 | Box, Inc., Class – A (a) | 62 | ||||||
2,495 | Cerence, Inc. (a) | 56 | ||||||
664 | ChannelAdvisor Corp. (a) | 6 | ||||||
2,407 | Cision Ltd. (a) | 24 | ||||||
6,125 | Cloudera, Inc. (a) | 71 | ||||||
1,054 | CommVault Systems, Inc. (a) | 47 | ||||||
1,471 | Cornerstone OnDemand, Inc. (a) | 86 | ||||||
317 | Digimarc Corp. (a) | 11 | ||||||
2,099 | Digital Turbine, Inc. (a) | 15 | ||||||
435 | Domo, Inc. (a) | 9 | ||||||
594 | Ebix, Inc. | 20 | ||||||
511 | eGain Corp. (a) | 4 | ||||||
1,243 | Envestnet, Inc. (a) | 87 | ||||||
862 | Everbridge, Inc. (a) | 67 | ||||||
1,544 | Five9, Inc. (a) | 101 | ||||||
1,076 | Forescout Technologies, Inc. (a) | 35 | ||||||
998 | GTY Technology Holdings, Inc. (a) | 6 | ||||||
1,238 | Ideanomics, Inc. (a) | 1 | ||||||
891 | Instructure, Inc. (a) | 43 | ||||||
165 | Intelligent Systems Corp. (a) | 7 |
See accompanying notes to financial statements.
72
HC CAPITAL TRUST
The Institutional Small Capitalization-Mid Capitalization Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) |
| |||||||
Software (continued) |
| |||||||
1,203 | J2 Global, Inc. | $ | 113 | |||||
1,601 | LivePerson, Inc. (a) | 59 | ||||||
252 | Majesco (a) | 2 | ||||||
216 | MicroStrategy, Inc., Class – A (a) | 31 | ||||||
924 | Mitek Systems, Inc. (a) | 7 | ||||||
2,394 | MobileIron, Inc. (a) | 12 | ||||||
5,592 | Model N, Inc. (a) | 196 | ||||||
19,967 | Nuance Communications, Inc. (a) | 357 | ||||||
823 | Onespan, Inc. (a) | 14 | ||||||
730 | Phunware, Inc. (a) | 1 | ||||||
338 | Ping Identity Holding Corp. (a) | 8 | ||||||
1,150 | Progress Software Corp. | 48 | ||||||
849 | PROS Holdings, Inc. (a) | 51 | ||||||
1,115 | Q2 Holdings, Inc. (a) | 90 | ||||||
277 | QAD, Inc., Class – A | 14 | ||||||
871 | Qualys, Inc. (a) | 73 | ||||||
1,262 | Rapid7, Inc. (a) | 71 | ||||||
486 | Rimini Street, Inc. (a) | 2 | ||||||
2,206 | Sailpoint Technologies Holding, Inc. (a) | 52 | ||||||
210 | Secureworks Corp. (a) | 3 | ||||||
327 | SharpSpring, Inc. (a) | 4 | ||||||
202 | ShotSpotter, Inc. (a) | 5 | ||||||
894 | SPS Commerce, Inc. (a) | 50 | ||||||
5,067 | SS&C Technologies Holdings, Inc. | 311 | ||||||
2,249 | SVMK, Inc. (a) | 40 | ||||||
926 | Synchronoss Technologies, Inc. (a) | 4 | ||||||
1,086 | Telaria, Inc. (a) | 10 | ||||||
874 | Telenav, Inc. (a) | 4 | ||||||
977 | Tenable Holdings, Inc. (a) | 23 | ||||||
1,313 | The Rubicon Project, Inc. (a) | 11 | ||||||
42,746 | TiVo Corp. | 362 | ||||||
590 | Upland Software, Inc. (a) | 21 | ||||||
766 | Varonis Systems, Inc. (a) | 60 | ||||||
1,703 | Verint Systems, Inc. (a) | 94 | ||||||
1,512 | VirnetX Holding Corp.^ (a) | 6 | ||||||
936 | Workiva, Inc. (a) | 39 | ||||||
2,402 | Yext, Inc. (a) | 35 | ||||||
1,345 | Zix Corp. (a) | 9 | ||||||
2,218 | Zuora, Inc., Class – A (a) | 32 | ||||||
|
| |||||||
4,185 | ||||||||
|
| |||||||
Specialty Retail — 1.07% |
| |||||||
1,743 | Aaron’s, Inc. | 99 | ||||||
1,677 | Abercrombie & Fitch Co. | 29 | ||||||
4,117 | American Eagle Outfitters, Inc. | 61 | ||||||
156 | America’s Car-Mart, Inc. (a) | 17 | ||||||
504 | Asbury Automotive Group, Inc. (a) | 56 | ||||||
236 | Ascena Retail Group, Inc. (a) | 2 | ||||||
10,654 | AT Home Group, Inc. (a) | 59 | ||||||
1,127 | Barnes & Noble Education, Inc. (a) | 5 | ||||||
3,159 | Bed Bath & Beyond, Inc. | 55 | ||||||
737 | Boot Barn Holdings, Inc. (a) | 33 | ||||||
1,023 | Caleres, Inc. | 24 | ||||||
829 | Camping World Holdings, Inc., Class – A | 12 | ||||||
2,995 | Chico’s FAS, Inc. | 11 |
Shares | Security Description | Value (000) | ||||||
Specialty Retail (continued) |
| |||||||
332 | Citi Trends, Inc. | $ | 8 | |||||
542 | Conn’s, Inc. (a) | 7 | ||||||
1,613 | Designer Brands, Inc., Class – A | 25 | ||||||
1,702 | Express, Inc. (a) | 8 | ||||||
1,908 | Floor & Decor Holdings, Inc., Class – A (a) | 97 | ||||||
2,343 | GameStop Corp., Class – A^ | 14 | ||||||
378 | Genesco, Inc. (a) | 18 | ||||||
2,314 | GNC Holdings, Inc., Class – A^ (a) | 6 | ||||||
456 | Group 1 Automotive, Inc. | 46 | ||||||
1,197 | Guess?, Inc. | 27 | ||||||
481 | Haverty Furniture Cos., Inc. | 10 | ||||||
472 | Hibbett Sports, Inc. (a) | 13 | ||||||
999 | Hudson Ltd., Class – A (a) | 15 | ||||||
392 | J. Jill, Inc. | — | ||||||
575 | Lithia Motors, Inc. | 85 | ||||||
811 | Lumber Liquidators Holdings, Inc. (a) | 8 | ||||||
568 | MarineMax, Inc. (a) | 9 | ||||||
836 | Monro, Inc. | 65 | ||||||
755 | Murphy USA, Inc. (a) | 88 | ||||||
2,047 | National Vision Holdings, Inc. (a) | 66 | ||||||
14,258 | Office Depot, Inc. | 39 | ||||||
1,369 | Party City Holdco, Inc. (a) | 3 | ||||||
1,267 | Rent-A-Center, Inc. | 37 | ||||||
424 | Restoration Hardware Co. (a) | 91 | ||||||
675 | RTW RetailWinds, Inc. (a) | 1 | ||||||
3,121 | Sally Beauty Holdings, Inc. (a) | 57 | ||||||
261 | Shoe Carnival, Inc. | 10 | ||||||
1,370 | Signet Jewelers Ltd. | 30 | ||||||
738 | Sleep Number Corp. (a) | 36 | ||||||
613 | Sonic Automotive, Inc., Class – A | 19 | ||||||
1,082 | Sportsman’s Warehouse Holdings, Inc. (a) | 9 | ||||||
1,420 | Tailored Brands, Inc.^ | 6 | ||||||
767 | The Buckle, Inc. | 21 | ||||||
571 | The Cato Corp. | 10 | ||||||
403 | The Children’s Place, Inc. | 25 | ||||||
397 | The Container Store Group, Inc. (a) | 2 | ||||||
2,261 | The Michaels Cos., Inc. (a) | 18 | ||||||
560 | Tilly’s, Inc., Class – A | 7 | ||||||
66 | Winmark Corp. | 13 | ||||||
527 | Zumiez, Inc. (a) | 18 | ||||||
|
| |||||||
1,530 | ||||||||
|
| |||||||
Technology Hardware, Storage & Peripherals — 0.06% |
| |||||||
3,005 | 3D Systems Corp. (a) | 27 | ||||||
165 | Astronova, Inc. | 2 | ||||||
749 | Avid Technology, Inc. (a) | 6 | ||||||
1,935 | Diebold Nixdorf, Inc. (a) | 21 | ||||||
784 | Immersion Corp. (a) | 6 | ||||||
87 | Sonim Technologies, Inc. (a) | — | ||||||
1,354 | Stratasys Ltd. (a) | 27 | ||||||
|
| |||||||
89 | ||||||||
|
| |||||||
Textiles, Apparel & Luxury Goods — 0.46% |
| |||||||
3,262 | Capri Holdings Ltd. (a) | 124 | ||||||
399 | Centric Brands, Inc. (a) | 1 | ||||||
1,771 | Crocs, Inc. (a) | 74 | ||||||
261 | Culp, Inc. | 4 |
See accompanying notes to financial statements.
73
HC CAPITAL TRUST
The Institutional Small Capitalization-Mid Capitalization Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) |
| |||||||
Textiles, Apparel & Luxury Goods (continued) |
| |||||||
728 | Deckers Outdoor Corp. (a) | $ | 123 | |||||
150 | Delta Apparel, Inc. (a) | 5 | ||||||
1,178 | Fossil Group, Inc. (a) | 9 | ||||||
1,143 | G-III Apparel Group Ltd. (a) | 38 | ||||||
1,153 | Kontoor Brands, Inc. | 48 | ||||||
396 | Movado Group, Inc. | 9 | ||||||
437 | Oxford Industries, Inc. | 33 | ||||||
167 | Rocky Brands, Inc. | 5 | ||||||
2,184 | Steven Madden Ltd. | 94 | ||||||
250 | Superior Group of Cos., Inc. | 3 | ||||||
373 | Unifi, Inc. (a) | 9 | ||||||
581 | Vera Bradley, Inc. (a) | 7 | ||||||
75 | Vince Holding Corp. (a) | 1 | ||||||
2,068 | Wolverine World Wide, Inc. | 70 | ||||||
|
| |||||||
657 | ||||||||
|
| |||||||
Thrifts & Mortgage Finance — 0.82% |
| |||||||
1,500 | Axos Financial, Inc. (a) | 45 | ||||||
94 | Bank7 Corp. | 2 | ||||||
355 | Bankfinancial Corp. | 5 | ||||||
625 | Bridgewater Bancshares, Inc. (a) | 9 | ||||||
3,416 | Capitol Federal Financial, Inc. | 47 | ||||||
1,331 | Columbia Financial, Inc. (a) | 23 | ||||||
799 | Dime Community Bancshares, Inc. | 17 | ||||||
169 | Entegra Financial Corp. (a) | 5 | ||||||
274 | ESSA Bancorp, Inc. | 5 | ||||||
2,484 | Essent Group Ltd. | 129 | ||||||
228 | Federal Agricultural Mortgage Corp., Class – C | 19 | ||||||
79 | First Capital, Inc. | 6 | ||||||
482 | First Defiance Financial Corp. | 15 | ||||||
887 | Flagstar Bancorp, Inc. | 34 | ||||||
97 | FS Bancorp, Inc. | 6 | ||||||
95 | Greene County Bancorp, Inc. | 3 | ||||||
35 | Hingham Institution For Savings | 7 | ||||||
211 | Home Bancorp, Inc. | 8 | ||||||
575 | HomeStreet, Inc. (a) | 20 | ||||||
2,056 | Kearny Financial Corp. of Maryland | 28 | ||||||
515 | Luther Burbank Corp. | 6 | ||||||
195 | Malvern Bancorp, Inc. (a) | 5 | ||||||
228 | Merchants Bancorp | 4 | ||||||
1,208 | Meridian Bancorp, Inc. | 24 | ||||||
904 | Meta Financial Group, Inc. | 33 | ||||||
119 | MMA Capital Holdings, Inc. (a) | 4 | ||||||
1,916 | Mr Cooper Group, Inc. (a) | 24 | ||||||
1,703 | NMI Holdings, Inc. (a) | 57 | ||||||
1,112 | Northfield Bancorp, Inc. | 19 | ||||||
2,604 | Northwest Bancshares, Inc. | 43 | ||||||
1,316 | OceanFirst Financial Corp. | 34 | ||||||
3,384 | Ocwen Financial Corp. (a) | 5 | ||||||
298 | OP Bancorp | 3 | ||||||
447 | PCSB Financial Corp. | 9 | ||||||
209 | PDL Community Bancorp (a) | 3 | ||||||
626 | PennyMac Financial Services, Inc. | 21 | ||||||
268 | Pioneer Bancorp, Inc. (a) | 4 | ||||||
192 | Provident Bancorp, Inc. (a) | 2 |
Shares | Security Description | Value (000) | ||||||
Thrifts & Mortgage Finance (continued) |
| |||||||
142 | Provident Financial Holdings | $ | 3 | |||||
1,603 | Provident Financial Services, Inc. | 40 | ||||||
248 | Prudential Bancorp, Inc. | 5 | ||||||
5,229 | Radian Group, Inc. | 131 | ||||||
531 | Riverview Bancorp, Inc. | 4 | ||||||
199 | Southern Missouri Bancorp, Inc. | 8 | ||||||
552 | Sterling Bancorp, Inc. | 4 | ||||||
195 | Territorial Bancorp, Inc. | 6 | ||||||
186 | Timberland Bancorp, Inc. | 6 | ||||||
2,395 | TrustCo Bankcorp NY | 21 | ||||||
1,236 | United Community Financial Corp. | 14 | ||||||
719 | Walker & Dunlop, Inc. | 47 | ||||||
2,042 | Washington Federal, Inc. | 74 | ||||||
639 | Waterstone Financial, Inc. | 12 | ||||||
603 | Western New England Bancorp, Inc. | 6 | ||||||
1,328 | WSFS Financial Corp. | 57 | ||||||
|
| |||||||
1,171 | ||||||||
|
| |||||||
Tobacco — 0.06% |
| |||||||
3,201 | 22nd Century Group, Inc. (a) | 4 | ||||||
229 | Pyxus International, Inc. (a) | 2 | ||||||
212 | Turning Point Brands, Inc. | 6 | ||||||
638 | Universal Corp. | 36 | ||||||
2,886 | Vector Group Ltd. | 39 | ||||||
|
| |||||||
87 | ||||||||
|
| |||||||
Trading Companies & Distributors — 1.32% |
| |||||||
1,341 | Aircastle Ltd. | 43 | ||||||
989 | Applied Industrial Technologies, Inc. | 66 | ||||||
8,874 | Beacon Roofing Supply, Inc. (a) | 284 | ||||||
225 | Bluelinx Holdings, Inc. (a) | 3 | ||||||
12,292 | BMC Stock Holdings, Inc. (a) | 353 | ||||||
413 | CAI International, Inc. (a) | 12 | ||||||
5,344 | DXP Enterprises, Inc. (a) | 212 | ||||||
113 | EVI Industries, Inc. (a) | 3 | ||||||
518 | Foundation Building Materials, Inc. (a) | 10 | ||||||
906 | GATX Corp. | 75 | ||||||
307 | General Finance Corp. (a) | 3 | ||||||
1,020 | GMS, Inc. (a) | 28 | ||||||
828 | H&E Equipment Services, Inc. | 28 | ||||||
633 | Herc Holdings, Inc. (a) | 31 | ||||||
718 | Kaman Corp. | 47 | ||||||
109 | Lawson Products, Inc. (a) | 6 | ||||||
9,972 | MRC Global, Inc. (a) | 136 | ||||||
2,842 | NOW, Inc. (a) | 32 | ||||||
121 | Rush Enterprises, Inc. | 6 | ||||||
705 | Rush Enterprises, Inc., Class – A | 33 | ||||||
1,052 | SiteOne Landscape Supply, Inc. (a) | 95 | ||||||
318 | Systemax, Inc. | 8 | ||||||
1,350 | Textainer Group Holdings Ltd. (a) | 14 | ||||||
476 | Titan Machinery, Inc. (a) | 7 | ||||||
165 | Transcat, Inc. (a) | 5 | ||||||
1,414 | Triton International Ltd. | 57 | ||||||
324 | Veritiv Corp. (a) | 6 | ||||||
1,502 | Watsco, Inc. | 271 | ||||||
84 | Willis Lease Finance Corp. (a) | 5 | ||||||
|
| |||||||
1,879 | ||||||||
|
|
See accompanying notes to financial statements.
74
HC CAPITAL TRUST
The Institutional Small Capitalization-Mid Capitalization Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) |
| |||||||
Transportation Infrastructure — 0.12% |
| |||||||
3,905 | Macquarie Infrastructure Corp. | $ | 167 | |||||
|
| |||||||
Water Utilities — 0.19% |
| |||||||
954 | American States Water Co. | 83 | ||||||
355 | AquaVenture Holdings Ltd. (a) | 10 | ||||||
201 | Artesian Resources Corp. | 7 | ||||||
347 | Cadiz, Inc. (a) | 4 | ||||||
1,240 | California Water Service Group | 64 | ||||||
411 | Consolidated Water Co. Ltd. | 7 | ||||||
361 | Global Water Resources, Inc. | 5 | ||||||
423 | Middlesex Water Co. | 27 | ||||||
428 | Pure Cycle Corp. (a) | 5 | ||||||
681 | SJW Corp. | 48 | ||||||
334 | The York Water Co. | 15 | ||||||
|
| |||||||
275 | ||||||||
|
| |||||||
Wireless Telecommunication Services — 0.19% |
| |||||||
1,092 | Boingo Wireless, Inc. (a) | 12 | ||||||
30,986 | Gogo, Inc.^ (a) | 198 | ||||||
1,240 | Shenandoah Telecommunications Co. | 52 | ||||||
437 | Spok Holdings, Inc. | 5 | ||||||
|
| |||||||
267 | ||||||||
|
| |||||||
Total Common Stocks | 94,168 | |||||||
|
| |||||||
Contingent Rights — 0.00% |
| |||||||
Biotechnology — 0.00% |
| |||||||
14 | Oncternal Therapeutics, Inc. CVR | — | ||||||
|
| |||||||
Chemicals — 0.00% |
| |||||||
755 | Schulman, Inc. CVR (a) | — | ||||||
|
| |||||||
Metals & Mining — 0.00% |
| |||||||
247,963 | Pan American Silver Corp. CVR (a) | — | ||||||
|
| |||||||
Total Contingent Rights | — | |||||||
|
| |||||||
Principal Amount (000) | ||||||||
U.S. Treasury Obligation — 0.02% |
| |||||||
$ | 23 | U.S. Treasury Bill, 1.48%, 3/12/20 (b)(c) | 23 | |||||
|
| |||||||
Total U.S. Treasury Obligation | 23 | |||||||
|
|
Shares | Security Description | Value (000) | ||||||
Investment Companies — 33.20% |
| |||||||
1,095,754 | Federated Treasury Obligations Fund, Institutional Shares, 2.29%^^ (d) | $ | 1,096 | |||||
46,184,074 | State Street Institutional Treasury Plus Money Market Fund, Trust Class, 1.49% (d) | 46,184 | ||||||
|
| |||||||
Total Investment Companies | 47,280 | |||||||
|
| |||||||
Total Investments | 141,471 | |||||||
Other assets in excess of | 944 | |||||||
|
| |||||||
Net Assets — 100.00% | $ | 142,415 | ||||||
|
|
Amounts designated as “—” are $0 or have been rounded to $0.
^ | All or part of this security was on loan as of December 31, 2019. The total value of securities on loan as of December 31, 2019, was $1,046 (amount in thousands). |
^^ | 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 December 31, 2019. |
(a) | Represents non-income producing security. |
(b) | The rate disclosed represents effective yield at purchase. |
(c) | All or part of this security has been pledged as collateral for derivative instruments held by the Portfolio. |
(d) | The rate disclosed is the rate in effect on December 31, 2019. |
ADR — American Depositary Receipt
REIT—Real Estate Investment Trust
The following table reflects the percentage of total net assets of the Portfolio attributable to each Specialist Manager as of December 31, 2019.
The Institutional Small Capitalization-Mid Capitalization Equity Portfolio | Frontier Capital Management Company, LLC | Mellon Investments Corporation | Parametric Portfolio Associates, LLC | HC Capital Solutions | Total | |||||||||||||||
Common Stocks | 27.95 | % | 38.17 | % | — | — | 66.12 | % | ||||||||||||
Contingent Rights | 0.00 | % | 0.00 | % | — | — | 0.00 | % | ||||||||||||
U.S. Treasury Obligation | — | 0.02 | % | — | — | 0.02 | % | |||||||||||||
Investment Companies | 0.41 | % | 0.41 | % | 29.52 | % | 2.86 | % | 33.20 | % | ||||||||||
Other Assets (Liabilities) | 0.21 | % | -0.32 | % | 0.77 | % | 0.00 | % | 0.66 | % | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Net Assets | 28.57 | % | 38.28 | % | 30.29 | % | 2.86 | % | 100.00 | % | ||||||||||
|
|
|
|
|
|
|
|
|
|
Amounts | designated as “—” indicate the Specialist Manager did not manage any holdings in that category. |
Amounts | designated as “0.00%” round to less than 0.005%. |
See accompanying notes to financial statements.
75
HC CAPITAL TRUST
The Institutional Small Capitalization-Mid Capitalization Equity Portfolio
Portfolio of Investments (concluded) — December 31, 2019 (Unaudited)
The following table reflects the open derivative positions held by the Portfolio as of December 31, 2019.
Futures Contracts Purchased^
Description | Number of | Expiration Date | Notional Amount (000) | Value and Unrealized Appreciation/ (Depreciation) (000) | ||||||||||
Russell 2000 Mini Index Future | 563 | 3/20/20 | $ | 47,027 | $ | 612 | ||||||||
|
|
|
| |||||||||||
$ | 47,027 | $ | 612 | |||||||||||
|
|
|
| |||||||||||
Total Unrealized Appreciation |
| $ | 612 | |||||||||||
Total Unrealized Depreciation |
| — | ||||||||||||
|
| |||||||||||||
Total Net Unrealized Appreciation/(Depreciation) |
| $ | 612 | |||||||||||
|
|
^ | Cash has been pledged as collateral for futures contracts held by the Portfolio. |
Amounts designated as “—” are $0 or have been rounded to $0.
See accompanying notes to financial statements.
76
HC CAPITAL TRUST
The Real Estate Securities Portfolio
Portfolio of Investments — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks — 82.87% | ||||||||
Equity Real Estate Investment Trusts — 75.68% |
| |||||||
14,698 | Agree Realty Corp. | $ | 1,031 | |||||
24,539 | Alexandria Real Estate Equities, Inc. | 3,965 | ||||||
29,049 | American Assets Trust, Inc. | 1,333 | ||||||
13,804 | American Tower Corp. | 3,172 | ||||||
44,408 | Americold Realty Trust | 1,557 | ||||||
26,083 | Boston Properties, Inc. | 3,596 | ||||||
115,312 | Brixmor Property Group, Inc. | 2,492 | ||||||
26,815 | Camden Property Trust | 2,845 | ||||||
23,979 | Community Healthcare Trust, Inc. | 1,028 | ||||||
26,130 | Corporate Office Properties Trust | 768 | ||||||
11,329 | Crown Castle International Corp. | 1,610 | ||||||
54,689 | Douglas Emmett, Inc. | 2,401 | ||||||
6,987 | Equinix, Inc. | 4,078 | ||||||
28,834 | Equity Lifestyle Properties, Inc. | 2,030 | ||||||
8,431 | Essex Property Trust, Inc. | 2,537 | ||||||
19,934 | Extra Space Storage, Inc. | 2,105 | ||||||
107,106 | Healthpeak Properties, Inc. | 3,692 | ||||||
50,386 | Hudson Pacific Property, Inc. | 1,897 | ||||||
8,605 | Life Storage, Inc. | 932 | ||||||
57,208 | Medical Properties Trust, Inc. | 1,208 | ||||||
32,947 | NexPoint Residential Trust, Inc. | 1,483 | ||||||
54,661 | Prologis, Inc. | 4,871 | ||||||
3,469 | PS Business Parks, Inc. | 572 | ||||||
21,742 | Retail Value, Inc. | 800 | ||||||
51,255 | Rexford Industrial Realty, Inc. | 2,341 | ||||||
25,316 | Simon Property Group, Inc. | 3,771 | ||||||
48,968 | Store Capital Corp. | 1,824 | ||||||
14,434 | Sun Communities, Inc. | 2,167 | ||||||
18,518 | Taubman Centers, Inc. | 576 | ||||||
51,740 | UDR, Inc. | 2,416 | ||||||
81,624 | VICI Properties, Inc. | 2,085 | ||||||
78,577 | Xenia Hotels & Resorts, Inc. | 1,698 | ||||||
|
| |||||||
68,881 | ||||||||
|
|
Shares | Security Description | Value (000) | ||||||
Hotels, Restaurants & Leisure — 5.03% | ||||||||
17,785 | Hyatt Hotels Corp., Class – A | $ | 1,595 | |||||
4,483 | Marriott International, Inc., Class – A | 679 | ||||||
56,896 | Red Rock Resorts, Inc., Class – A | 1,363 | ||||||
3,926 | Vail Resorts, Inc. | 942 | ||||||
|
| |||||||
4,579 | ||||||||
|
| |||||||
IT Services — 0.61% | ||||||||
6,645 | InterXion Holding N.V. (a) | 557 | ||||||
|
| |||||||
Real Estate Management & Development — 1.55% |
| |||||||
29,095 | Essential Properties Realty Trust, Inc. | 722 | ||||||
30,962 | Kennedy-Wilson Holdings, Inc. | 690 | ||||||
|
| |||||||
1,412 | ||||||||
|
| |||||||
Total Common Stocks | 75,429 | |||||||
|
| |||||||
Investment Companies —17.08% | ||||||||
399,184 | DWS Government & Agency Securities Portfolio, Government Cash Institutional Shares, 1.51% (b) | 399 | ||||||
15,150,851 | State Street Institutional Treasury Plus Money Market Fund, Trust Class, 1.49% (b) | 15,151 | ||||||
|
| |||||||
Total Investment Companies | 15,550 | |||||||
|
| |||||||
Total Investments | 90,979 | |||||||
Other assets in excess of | 45 | |||||||
|
| |||||||
Net Assets — 100.00% | $ | 91,024 | ||||||
|
|
Amounts designated as “—” are $0 or have been rounded to $0.
(a) | Representsnon-income producing security. |
(b) | The rate disclosed is the rate in effect on December 31, 2019. |
The following table reflects the percentage of total net assets of the Portfolio attributable to each Specialist Manager as of December 31, 2019.
The Real Estate Securities Portfolio | Parametric Portfolio Associates, LLC | Wellington Management Company, LLP | Total | |||||||||
Common Stocks | — | 82.87 | % | 82.87 | % | |||||||
Investment Companies | 16.64 | % | 0.44 | % | 17.08 | % | ||||||
Other Assets (Liabilities) | -0.25 | % | 0.30 | % | 0.05 | % | ||||||
|
|
|
|
|
| |||||||
Total Net Assets | 16.39 | % | 83.61 | % | 100.00 | % | ||||||
|
|
|
|
|
|
Amounts designated as “—” indicate the Specialist Manager did not manage any holdings in that category.
See accompanying notes to financial statements.
77
HC CAPITAL TRUST
The Real Estate Securities Portfolio
Portfolio of Investments (concluded) — December 31, 2019 (Unaudited)
The following table reflects the open derivative positions held by the Portfolio as of December 31, 2019.
Futures Contracts Purchased^
Description | Number of | Expiration Date | Notional Amount (000) | Value and Unrealized Appreciation/ (Depreciation) (000) | ||||||||||
Dow Jones U.S. Real Estate Index Future | 430 | 3/20/20 | $ | 15,803 | $ | 541 | ||||||||
|
|
|
| |||||||||||
$ | 15,803 | $ | 541 | |||||||||||
|
|
|
| |||||||||||
Total Unrealized Appreciation |
| $ | 541 | |||||||||||
Total Unrealized Depreciation |
| — | ||||||||||||
|
| |||||||||||||
Total Net Unrealized Appreciation/(Depreciation) |
| $ | 541 | |||||||||||
|
|
^ | Cash has been pledged as collateral for futures contracts held by the Portfolio. |
Amounts designated as “—” are $0 or have been rounded to $0.
See accompanying notes to financial statements.
78
HC CAPITAL TRUST
The Commodity Returns Strategy Portfolio
Consolidated Portfolio of Investments — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks — 87.68% | ||||||||
Australia — 4.90% | ||||||||
55,806 | Alumina Ltd. (Metals & Mining) | $ | 90 | |||||
73,002 | BHP Billiton Ltd. (Metals & Mining) | 1,994 | ||||||
52,544 | BHP Group PLC (Metals & Mining) | 1,236 | ||||||
27,353 | Boral Ltd. (Construction Materials) | 86 | ||||||
7,395 | Caltex Australia Ltd. (Oil, Gas & Consumable Fuels) | 176 | ||||||
35,776 | Fortescue Metals Group Ltd. (Metals & Mining) | 268 | ||||||
38,474 | Incitec Pivot Ltd. (Chemicals) | 86 | ||||||
15,977 | Newcrest Mining Ltd. (Metals & Mining) | 339 | ||||||
8,877 | Orica Ltd. (Chemicals) | 137 | ||||||
42,362 | Origin Energy Ltd. (Oil, Gas & Consumable Fuels) | 251 | ||||||
9,640 | Rio Tinto Ltd. (Metals & Mining) | 679 | ||||||
36,637 | Santos Ltd. (Oil, Gas & Consumable Fuels) | 210 | ||||||
114,540 | South32 Ltd. (Metals & Mining) | 217 | ||||||
18,755 | Woodside Petroleum Ltd. (Oil, Gas & Consumable Fuels) | 453 | ||||||
|
| |||||||
6,222 | ||||||||
|
| |||||||
Austria — 0.25% | ||||||||
4,057 | OMV AG (Oil, Gas & Consumable Fuels) | 228 | ||||||
3,040 | Voestalpine AG (Metals & Mining) | 85 | ||||||
|
| |||||||
313 | ||||||||
|
| |||||||
Belgium — 0.33% | ||||||||
1,718 | Solvay SA (Chemicals) | 199 | ||||||
4,451 | Umicore SA (Chemicals) (a) | 217 | ||||||
|
| |||||||
416 | ||||||||
|
| |||||||
Bermuda — 0.10% | ||||||||
112,000 | Kunlun Energy Co. Ltd. (Oil, Gas & Consumable Fuels) (a) | 99 | ||||||
29,000 | Nine Dragons Paper Holdings Ltd. (Paper & Forest Products) | 30 | ||||||
|
| |||||||
129 | ||||||||
|
| |||||||
Brazil — 2.11% | ||||||||
14,700 | Companhia Siderurgica Nacional SA (CSN) (Metals & Mining) | 52 | ||||||
5,013 | Cosan SA Industria e Comercio (Oil, Gas & Consumable Fuels) | 87 | ||||||
104,912 | Petroleo Brasileiro SA (Oil, Gas & Consumable Fuels) | 834 | ||||||
23,203 | Suzano SA (Paper & Forest Products) | 229 | ||||||
31,406 | Ultrapar Participacoes SA (Oil, Gas & Consumable Fuels) | 199 | ||||||
96,176 | Vale SA (Metals & Mining) | 1,274 | ||||||
|
| |||||||
2,675 | ||||||||
|
| |||||||
Canada — 7.61% | ||||||||
4,700 | Agnico-Eagle Mines Ltd. (Metals & Mining) | 290 | ||||||
5,500 | AltaGas Ltd. (Gas Utilities) | 84 | ||||||
11,600 | ARC Resources Ltd. (Oil, Gas & Consumable Fuels) | 73 | ||||||
�� | 39,175 | Barrick Gold Corp. (Metals & Mining) | 728 | |||||
10,900 | Cameco Corp. (Oil, Gas & Consumable Fuels) | 97 | ||||||
26,369 | Canadian Natural Resources Ltd. (Oil, Gas & Consumable Fuels) | 853 | ||||||
3,200 | CCL Industries, Inc., Class – B (Containers & Packaging) (a) | 136 |
Shares | Security Description | Value (000) | ||||||
Canada (continued) | ||||||||
19,614 | Cenovus Energy, Inc. (Oil, Gas & Consumable Fuels) | $ | 199 | |||||
17,900 | Crescent Point Energy Corp. (Oil, Gas & Consumable Fuels) | 80 | ||||||
25,911 | Enbridge, Inc. (Oil, Gas & Consumable Fuels) | 1,030 | ||||||
30,800 | Encana Corp. (Oil, Gas & Consumable Fuels) | 144 | ||||||
16,560 | First Quantum Minerals Ltd. (Metals & Mining) | 168 | ||||||
3,740 | Franco-Nevada Corp. (Metals & Mining) | 386 | ||||||
10,775 | Husky Energy, Inc. (Oil, Gas & Consumable Fuels) | 86 | ||||||
6,860 | Imperial Oil Ltd. (Oil, Gas & Consumable Fuels) | 181 | ||||||
9,500 | Inter Pipeline Ltd. (Oil, Gas & Consumable Fuels) | 165 | ||||||
2,393 | International Petroleum Corp. (Oil, Gas & Consumable Fuels) (b) | 11 | ||||||
5,100 | Keyera Corp. (Oil, Gas & Consumable Fuels) (a) | 134 | ||||||
28,100 | Kinross Gold Corp. (Metals & Mining) (b) | 133 | ||||||
2,300 | Methanex Corp. (Chemicals) | 89 | ||||||
14,183 | Nutrien Ltd. (Chemicals) | 679 | ||||||
11,871 | Pembina Pipelines Corp. (Oil, Gas & Consumable Fuels) | 440 | ||||||
5,500 | Peyto Exploration & Development Corp. (Oil, Gas & Consumable Fuels) (a) | 16 | ||||||
5,700 | PrairieSky Royalty Ltd. (Oil, Gas & Consumable Fuels) (a) | 67 | ||||||
8,000 | Seven Generations Energy (Oil, Gas & Consumable Fuels) (b) | 52 | ||||||
39,722 | Suncor Energy, Inc. (Oil, Gas & Consumable Fuels) | 1,303 | ||||||
20,600 | TC Energy Corp. (Oil, Gas & Consumable Fuels) | 1,097 | ||||||
11,597 | Teck Cominco Ltd., Class – B (Metals & Mining) | 201 | ||||||
7,000 | Tourmaline Oil Corp. (Oil, Gas & Consumable Fuels) | 82 | ||||||
20,206 | Turquoise Hill Resources Ltd. (Metals & Mining) (b) | 15 | ||||||
42,247 | Uranium Participation Corp. (Capital Markets) (b)(c) | 133 | ||||||
3,800 | Vermilion Energy, Inc. (Oil, Gas & Consumable Fuels)^ | 62 | ||||||
1,900 | West Fraser Timber Co. Ltd. (Paper & Forest Products) | 84 | ||||||
9,051 | Wheaton Precious Metals Corp. (Metals & Mining) | 269 | ||||||
22,400 | Yamana Gold, Inc. (Metals & Mining) | 89 | ||||||
|
| |||||||
9,656 | ||||||||
|
| |||||||
Chile — 0.27% | ||||||||
52,152 | Empresas CMPC SA (Paper & Forest Products) | 128 | ||||||
23,634 | Empresas Copec SA (Oil, Gas & Consumable Fuels) | 212 | ||||||
|
| |||||||
340 | ||||||||
|
| |||||||
China — 2.05% | ||||||||
62,000 | Aluminum Corp of China Ltd., H Shares (Metals & Mining) (b) | 21 | ||||||
37,200 | Anhui Conch Cement Co. Ltd., H Shares (Construction Materials) | 271 | ||||||
68,000 | China Coal Energy Co. Ltd., H Shares (Oil, Gas & Consumable Fuels) | 27 | ||||||
70,000 | China National Building Material Co. Ltd., H Shares (Construction Materials) (a) | 78 |
See accompanying notes to financial statements.
79
HC CAPITAL TRUST
The Commodity Returns Strategy Portfolio
Consolidated Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
China (continued) | ||||||||
67,000 | China Oilfield Services Ltd., H Shares (Energy Equipment & Services) | $ | 105 | |||||
761,869 | China Petroleum & Chemical Corp., H Shares (Oil, Gas & Consumable Fuels) | 458 | ||||||
122,800 | China Shenhua Energy Co. Ltd., H Shares (Oil, Gas & Consumable Fuels) | 257 | ||||||
536,302 | CNOOC Ltd. (Oil, Gas & Consumable Fuels) | 891 | ||||||
23,000 | Jiangxi Copper Co. Ltd., H Shares (Metals & Mining) | 32 | ||||||
628,729 | PetroChina Company Ltd., H Shares (Oil, Gas & Consumable Fuels) | 316 | ||||||
68,000 | Sinopec Shanghai Petrochemical Co. Ltd., H Shares (Chemicals) | �� | 21 | |||||
62,000 | Yanzhou Coal Mining Co., H Shares (Oil, Gas & Consumable Fuels) | 56 | ||||||
129,000 | Zijin Mining Group Co. Ltd., H Shares (Metals & Mining) | 64 | ||||||
|
| |||||||
2,597 | ||||||||
|
| |||||||
Colombia — 0.20% | ||||||||
10,130 | Cementos Argos SA (Construction Materials) | 23 | ||||||
185,100 | Ecopetrol SA (Oil, Gas & Consumable Fuels) | 187 | ||||||
7,931 | Grupo Argos SA (Construction Materials) | 42 | ||||||
|
| |||||||
252 | ||||||||
|
| |||||||
Denmark — 0.34% | ||||||||
2,208 | Christian Hansen Holding A/S (Chemicals) (a) | 175 | ||||||
5,157 | Novozymes A/S, B Shares (Chemicals) | 253 | ||||||
|
| |||||||
428 | ||||||||
|
| |||||||
Finland — 0.79% | ||||||||
10,582 | Neste Oil Oyj (Oil, Gas & Consumable Fuels) | 368 | ||||||
12,812 | Stora Enso Oyj, R Shares (Paper & Forest Products) | 186 | ||||||
12,859 | UPM-Kymmene Oyj (Paper & Forest Products) | 446 | ||||||
|
| |||||||
1,000 | ||||||||
|
| |||||||
France — 3.98% | ||||||||
11,625 | Air Liquide SA (Chemicals) | 1,645 | ||||||
1,834 | Arkema SA (Chemicals) | 195 | ||||||
732 | Imerys SA (Construction Materials) | 31 | ||||||
57,640 | Total SA (Oil, Gas & Consumable Fuels) | 3,181 | ||||||
|
| |||||||
5,052 | ||||||||
|
| |||||||
Germany — 2.21% | ||||||||
22,469 | BASF SE (Chemicals) | 1,697 | ||||||
1,771 | Covestro AG (Chemicals) (a) | 82 | ||||||
4,113 | Evonik Industries AG (Chemicals) (a) | 126 | ||||||
3,311 | HeidelbergCement AG (Construction Materials) | 241 | ||||||
4,804 | K+S AG – Registered (Chemicals) | 60 | ||||||
2,319 | Lanxess AG (Chemicals) | 156 | ||||||
2,961 | Symrise AG (Chemicals) (a) | 312 | ||||||
9,567 | ThyssenKrupp AG (Metals & Mining) | 129 | ||||||
|
| |||||||
2,803 | ||||||||
|
| |||||||
Hungary — 0.07% | ||||||||
9,490 | MOL Hungarian Oil & Gas PLC (Oil, Gas & Consumable Fuels) | 95 | ||||||
|
|
Shares | Security Description | Value (000) | ||||||
India — 1.51% | ||||||||
42,596 | Reliance Industries Ltd., GDR (Oil, Gas & Consumable Fuels) (a) | $ | 1,813 | |||||
6,988 | Tata Steel Ltd., Registered Shares, GDR (Metals & Mining) | 47 | ||||||
6,609 | Vedanta Ltd., ADR (Metals & Mining) | 57 | ||||||
|
| |||||||
1,917 | ||||||||
|
| |||||||
Indonesia — 0.24% | ||||||||
476,300 | PT Adaro Energy Tbk (Oil, Gas & Consumable Fuels) | 53 | ||||||
39,900 | PT Indocement Tunggal Prakarsa Tbk (Construction Materials) | 55 | ||||||
92,600 | PT Semen Gresik (Persero) Tbk (Construction Materials) | 80 | ||||||
72,100 | PT United Tractors Tbk (Oil, Gas & Consumable Fuels) | 112 | ||||||
|
| |||||||
300 | ||||||||
|
| |||||||
Ireland (Republic of) — 0.65% | ||||||||
20,525 | CRH PLC (Construction Materials) (a) | 821 | ||||||
|
| |||||||
Israel — 0.05% | ||||||||
13,052 | Israel Chemicals Ltd. (Chemicals) (a) | 61 | ||||||
|
| |||||||
Italy — 1.17% | ||||||||
67,351 | Eni SpA (Oil, Gas & Consumable Fuels) | 1,047 | ||||||
18,656 | Saipem SpA (Energy Equipment & Services) (b) | 91 | ||||||
65,912 | Snam SpA (Oil, Gas & Consumable Fuels) | 346 | ||||||
|
| |||||||
1,484 | ||||||||
|
| |||||||
Japan — 3.94% | ||||||||
3,600 | Air Water, Inc. (Chemicals) | 53 | ||||||
27,600 | Asahi Kasei Corp. (Chemicals) | 313 | ||||||
7,200 | Daicel Corp. (Chemicals) | 70 | ||||||
2,100 | Hitachi Chemical Co. Ltd. (Chemicals) | 88 | ||||||
5,000 | Hitachi Metals Ltd. (Metals & Mining) | 74 | ||||||
4,542 | Idemitsu Kosan Co. Ltd. (Oil, Gas & Consumable Fuels) (a) | 127 | ||||||
23,000 | INPEX Corp. (Oil, Gas & Consumable Fuels) | 241 | ||||||
11,600 | JFE Holdings, Inc. (Metals & Mining) | 151 | ||||||
4,900 | JSR Corp. (Chemicals) | 91 | ||||||
73,194 | JXTG Holdings, Inc. (Oil, Gas & Consumable Fuels) | 335 | ||||||
1,300 | Kaneka Corp. (Chemicals) | 42 | ||||||
5,100 | Kansai Paint Co. Ltd. (Chemicals) | 126 | ||||||
7,200 | Kobe Steel Ltd. (Metals & Mining) | 39 | ||||||
8,600 | Kuraray Co. Ltd. (Chemicals) | 105 | ||||||
1,100 | Maruichi Steel Tube Ltd. (Metals & Mining) | 31 | ||||||
28,600 | Mitsubishi Chemical Holdings Corp. (Chemicals) | 215 | ||||||
4,600 | Mitsubishi Gas Chemical Co., Inc. (Chemicals) | 71 | ||||||
2,800 | Mitsubishi Materials Corp. (Metals & Mining) | 77 | ||||||
4,200 | Mitsui Chemicals, Inc. (Chemicals) | 104 | ||||||
3,900 | Nippon Paint Holdings Co. Ltd. (Chemicals) | 202 | ||||||
16,700 | Nippon Steel Corp. (Metals & Mining) (a) | 254 | ||||||
2,600 | Nissan Chemical Corp. (Chemicals) | 110 | ||||||
3,300 | Nitto Denko Corp. (Chemicals) | 188 | ||||||
18,800 | Oji Paper Co. Ltd. (Paper & Forest Products) | 103 | ||||||
8,715 | Shin-Etsu Chemical Co. Ltd. (Chemicals) | 967 | ||||||
31,600 | Sumitomo Chemical Co. Ltd. (Chemicals) | 145 |
See accompanying notes to financial statements.
80
HC CAPITAL TRUST
The Commodity Returns Strategy Portfolio
Consolidated Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Japan (continued) | ||||||||
5,000 | Sumitomo Metal Mining Co. Ltd. (Metals & Mining) | $ | 163 | |||||
3,200 | Taiheiyo Cement Corp. (Construction Materials) | 95 | ||||||
2,100 | Taiyo Nippon Sanso Corp. (Chemicals) | 47 | ||||||
4,600 | Teijin Ltd. (Chemicals) | 87 | ||||||
29,600 | Toray Industries, Inc. (Chemicals) | 202 | ||||||
4,500 | Toyo Seikan Kaisha Ltd. (Containers & Packaging) | 78 | ||||||
|
| |||||||
4,994 | ||||||||
|
| |||||||
Jersey — 0.79% | ||||||||
303,569 | Glencore International PLC (Metals & Mining) (a) | 946 | ||||||
11,085 | Petrofac Ltd. (Energy Equipment & Services) | 56 | ||||||
|
| |||||||
1,002 | ||||||||
|
| |||||||
Luxembourg — 0.32% | ||||||||
14,652 | ArcelorMittal SA (Metals & Mining) | 257 | ||||||
13,737 | Tenaris SA (Energy Equipment & Services) | 155 | ||||||
|
| |||||||
412 | ||||||||
|
| |||||||
Malaysia — 0.16% | ||||||||
74,200 | Petronas Chemicals Group Berhad (Chemicals) | 133 | ||||||
10,100 | Petronas Dagangan Berhad (Oil, Gas & Consumable Fuels) | 57 | ||||||
147,800 | Sapura Energy Berhad (Energy Equipment & Services) | 10 | ||||||
|
| |||||||
200 | ||||||||
|
| |||||||
Mexico — 0.47% | ||||||||
499,141 | CEMEX SAB de CV (Construction Materials) | 187 | ||||||
112,034 | Grupo Mexico SAB de CV, Series B (Metals & Mining) | 307 | ||||||
3,534 | Industrias Penoles SAB de CV (Metals & Mining) | 37 | ||||||
32,820 | Orbia Advance Corp SAB de CV (Chemicals) | 70 | ||||||
|
| |||||||
601 | ||||||||
|
| |||||||
Netherlands — 1.58% | ||||||||
5,443 | Akzo Nobel N.V. (Chemicals) | 553 | ||||||
1,585 | Core Laboratories N.V. (Energy Equipment & Services) | 60 | ||||||
4,614 | Koninklijke DSM N.V. (Chemicals) | 601 | ||||||
1,927 | Koninklijke Vopak N.V. (Oil, Gas & Consumable Fuels) | 104 | ||||||
7,296 | LyondellBasell Industries N.V., Class – A (Chemicals) | 690 | ||||||
|
| |||||||
2,008 | ||||||||
|
| |||||||
New Zealand — 0.04% | ||||||||
16,332 | Fletcher Building Ltd. (Construction Materials) | 56 | ||||||
|
| |||||||
Norway — 0.64% | ||||||||
27,065 | Equinor ASA (Oil, Gas & Consumable Fuels) | 541 | ||||||
33,164 | Norsk Hydro ASA (Metals & Mining) | 123 | ||||||
3,525 | Yara International ASA (Chemicals) | 147 | ||||||
|
| |||||||
811 | ||||||||
|
| |||||||
Papua New Guinea — 0.13% | ||||||||
33,321 | Oil Search Ltd. (Oil, Gas & Consumable Fuels) | 169 | ||||||
|
|
Shares | Security Description | Value (000) | ||||||
Peru — 0.06% | ||||||||
4,900 | Compania de Minas Buenaventura SA, ADR (Metals & Mining) | $ | 74 | |||||
|
| |||||||
Poland — 0.46% | ||||||||
5,478 | Grupa Lotos SA (Oil, Gas & Consumable Fuels) | 121 | ||||||
4,519 | KGHM Polska Miedz SA (Metals & Mining) (b) | 114 | ||||||
11,875 | Polski Koncern Naftowy Orlen SA (Oil, Gas & Consumable Fuels) | 268 | ||||||
70,939 | Polskie Gornictwo Naftowe i Gazownictwo SA (Oil, Gas & Consumable Fuels) | 81 | ||||||
|
| |||||||
584 | ||||||||
|
| |||||||
Portugal — 0.18% | ||||||||
13,709 | Galp Energia SGPS SA, B Shares (Oil, Gas & Consumable Fuels) (a) | 229 | ||||||
|
| |||||||
Qatar — 0.06% | ||||||||
112,330 | Qatar Gas Transport Co. Ltd. (Oil, Gas & Consumable Fuels) | 74 | ||||||
|
| |||||||
Russia — 4.36% | ||||||||
70,520 | ALROSA AO (Metals & Mining) (a) | 96 | ||||||
193,831 | Gazprom PJSC, ADR (Oil, Gas & Consumable Fuels) | 1,594 | ||||||
14,011 | LUKOIL PJSC, ADR (Oil, Gas & Consumable Fuels) | 1,390 | ||||||
16,218 | MMC Norilsk Nickel PJSC, ADR (Metals & Mining) | 495 | ||||||
3,120 | Novatek OAO, Registered Shares, GDR (Oil, Gas & Consumable Fuels) | 633 | ||||||
1,523 | PhosAgro OAO, GDR (Chemicals) | 19 | ||||||
39,111 | Rosneft Oil Co. OJSC, Registered Shares, GDR (Oil, Gas & Consumable Fuels) | 282 | ||||||
5,366 | Severstal, Registered Shares, GDR (Metals & Mining) | 81 | ||||||
47,939 | Surgutneftegas, ADR (Oil, Gas & Consumable Fuels) | 384 | ||||||
7,610 | Tatneft PJSC, ADR (Oil, Gas & Consumable Fuels) | 562 | ||||||
|
| |||||||
5,536 | ||||||||
|
| |||||||
South Africa — 1.07% | ||||||||
1,516 | Anglo American Platinum Ltd. (Metals & Mining) | 142 | ||||||
14,977 | AngloGold Ashanti Ltd. (Metals & Mining) | 338 | ||||||
8,860 | Exxaro Resources Ltd. (Oil, Gas & Consumable Fuels) (a) | 83 | ||||||
26,554 | Gold Fields Ltd. (Metals & Mining) | 182 | ||||||
15,281 | Impala Platinum Holdings Ltd. (Metals & Mining) (b) | 157 | ||||||
17,739 | Sappi Ltd. (Paper & Forest Products) | 55 | ||||||
18,250 | Sasol Ltd. (Chemicals) | 396 | ||||||
|
| |||||||
1,353 | ||||||||
|
| |||||||
South Korea — 1.40% | ||||||||
2,006 | GS Holdings Corp. (Oil, Gas & Consumable Fuels) | 90 | ||||||
3,043 | Hanwha Chemical Corp. (Chemicals) | 50 | ||||||
515 | Honam Petrochemical Corp. (Chemicals) | 100 | ||||||
2,444 | Hyundai Steel Co. (Metals & Mining) | 66 | ||||||
270 | Korea Zinc Co. (Metals & Mining) | 99 | ||||||
454 | Kumho Petro Chemical Co. Ltd. (Chemicals) | 30 |
See accompanying notes to financial statements.
81
HC CAPITAL TRUST
The Commodity Returns Strategy Portfolio
Consolidated Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
South Korea (continued) | ||||||||
1,533 | LG Chem Ltd. (Chemicals) | $ | 421 | |||||
278 | OCI Co. Ltd. (Chemicals) | 15 | ||||||
2,209 | POSCO (Metals & Mining) | 452 | ||||||
2,355 | SK Innovation Co. Ltd. (Oil, Gas & Consumable Fuels) | 305 | ||||||
1,794 | S-Oil Corp. (Oil, Gas & Consumable Fuels) | 148 | ||||||
|
| |||||||
1,776 | ||||||||
|
| |||||||
Spain — 0.37% | ||||||||
29,758 | Repsol SA (Oil, Gas & Consumable Fuels) | 465 | ||||||
|
| |||||||
Sweden — 0.27% | ||||||||
6,747 | Boliden AB (Metals & Mining) | 179 | ||||||
4,821 | Lundin Petroleum AB (Oil, Gas & Consumable Fuels) | 164 | ||||||
|
| |||||||
343 | ||||||||
|
| |||||||
Switzerland — 1.47% | ||||||||
189 | EMS-Chemie Holding AG, Registered Shares (Chemicals) | 124 | ||||||
204 | Givaudan SA (Chemicals) | 639 | ||||||
9,993 | LafargeHolcim Ltd., Registered Shares (Construction Materials) (a) | 555 | ||||||
2,925 | Sika AG, Registered Shares (Chemicals) | 550 | ||||||
|
| |||||||
1,868 | ||||||||
|
| |||||||
Taiwan — 1.72% | ||||||||
75,082 | Asia Cement Corp. (Construction Materials) | 120 | ||||||
457,376 | China Steel Corp. (Metals & Mining) | 365 | ||||||
125,000 | Formosa Chemicals & Fibre Corp. (Chemicals) | 365 | ||||||
49,000 | Formosa Petrochemical Corp. (Oil, Gas & Consumable Fuels) | 159 | ||||||
157,160 | Formosa Plastics Corp. (Chemicals) | 523 | ||||||
179,010 | Nan Ya Plastics Corp. (Chemicals) | 435 | ||||||
142,645 | Taiwan Cement Corp. (Construction Materials) | 208 | ||||||
5,000 | Taiwan Fertilizer Co. Ltd. (Chemicals) | 8 | ||||||
|
| |||||||
2,183 | ||||||||
|
| |||||||
Thailand — 1.18% | ||||||||
49,700 | Banpu Public Co. Ltd., Registered Shares (Oil, Gas & Consumable Fuels) | 20 | ||||||
44,800 | Energy Absolute Public Co. Ltd. (Oil, Gas & Consumable Fuels) | 65 | ||||||
18,700 | Indorama Ventures PCL (Chemicals) | 22 | ||||||
579,800 | IRPC PCL (Oil, Gas & Consumable Fuels) | 71 | ||||||
78,955 | PTT Chemical Public Co. Ltd. (Chemicals) | 150 | ||||||
63,804 | PTT Exploration & Production Public Co. Ltd. (Oil, Gas & Consumable Fuels) | 265 | ||||||
437,900 | PTT PCL (Oil, Gas & Consumable Fuels) | 644 | ||||||
14,500 | Siam Cement PCL (Construction Materials) | 190 | ||||||
32,700 | Thai Oil Public Co. Ltd. (Oil, Gas & Consumable Fuels) | 76 | ||||||
|
| |||||||
1,503 | ||||||||
|
| |||||||
Turkey — 0.18% | ||||||||
62,511 | Eregli Demir ve Celik Fabrikalari TAS (Metals & Mining) | 95 | ||||||
6,344 | Tupras-Turkiye Petrol Rafinerileri A/S (Oil, Gas & Consumable Fuels) | 136 | ||||||
|
| |||||||
231 | ||||||||
|
|
Shares | Security Description | Value (000) | ||||||
United Kingdom — 11.75% | ||||||||
23,703 | Amcor Ltd. (Containers & Packaging) | $ | 259 | |||||
35,545 | Anglo American PLC (Metals & Mining) | 1,023 | ||||||
10,395 | Antofagasta PLC (Metals & Mining) | 126 | ||||||
487,664 | BP PLC (Oil, Gas & Consumable Fuels) | 3,046 | ||||||
3,420 | Croda International PLC (Chemicals) | 232 | ||||||
6,704 | Fresnillo PLC (Metals & Mining) | 57 | ||||||
4,869 | Johnson Matthey PLC (Chemicals) | 193 | ||||||
5,952 | Linde PLC (Chemicals) | 1,267 | ||||||
8,383 | Mondi PLC (Paper & Forest Products) | 197 | ||||||
31,669 | Rio Tinto PLC (Metals & Mining) | 1,889 | ||||||
113,876 | Royal Dutch Shell PLC, A Shares (Oil, Gas & Consumable Fuels) | 3,371 | ||||||
99,979 | Royal Dutch Shell PLC, B Shares (Oil, Gas & Consumable Fuels) | 2,965 | ||||||
6,615 | TechnipFMC PLC (Energy Equipment & Services) | 142 | ||||||
6,435 | TechnipFMC PLC (Energy Equipment & Services) | 136 | ||||||
|
| |||||||
14,903 | ||||||||
|
| |||||||
United States — 26.25% | ||||||||
4,411 | Air Products & Chemicals, Inc. (Chemicals) | 1,037 | ||||||
2,251 | Albemarle Corp. (Chemicals) | 164 | ||||||
8,150 | Apache Corp. (Oil, Gas & Consumable Fuels) | 209 | ||||||
1,873 | Ashland Global Holdings, Inc. (Chemicals) | 143 | ||||||
1,751 | Avery Dennison Corp. (Containers & Packaging) | 229 | ||||||
6,717 | Axalta Coating Systems Ltd. (Chemicals) (b) | 204 | ||||||
7,880 | Baker Hughes, Inc. (Energy Equipment & Services) | 202 | ||||||
6,753 | Ball Corp. (Containers & Packaging) | 437 | ||||||
9,955 | Cabot Oil & Gas Corp. (Oil, Gas & Consumable Fuels) | 173 | ||||||
2,919 | Celanese Corp., Series A (Chemicals) | 359 | ||||||
4,768 | CF Industries Holdings, Inc. (Chemicals) | 228 | ||||||
29,982 | Chevron Corp. (Oil, Gas & Consumable Fuels) | 3,612 | ||||||
2,671 | Cimarex Energy Co. (Oil, Gas & Consumable Fuels) | 140 | ||||||
3,137 | Concho Resources, Inc. (Oil, Gas & Consumable Fuels) | 275 | ||||||
27,087 | ConocoPhillips (Oil, Gas & Consumable Fuels) | 1,761 | ||||||
2,937 | Continental Resources, Inc. (Oil, Gas & Consumable Fuels) | 101 | ||||||
15,419 | Corteva, Inc. (Chemicals) | 456 | ||||||
3,134 | Crown Holdings, Inc. (Containers & Packaging) (b) | 227 | ||||||
10,304 | Devon Energy Corp. (Oil, Gas & Consumable Fuels) | 268 | ||||||
1,557 | Diamondback Energy, Inc. (Oil, Gas & Consumable Fuels) | 145 | ||||||
15,672 | Dow, Inc. (Chemicals) | 858 | ||||||
15,494 | DuPont de Nemours, Inc. (Chemicals) | 995 | ||||||
2,941 | Eastman Chemical Co. (Chemicals) | 233 | ||||||
5,515 | Ecolab, Inc. (Chemicals) | 1,064 | ||||||
12,746 | EOG Resources, Inc. (Oil, Gas & Consumable Fuels) | 1,068 | ||||||
6,689 | EQT Corp. (Oil, Gas & Consumable Fuels) | 73 |
See accompanying notes to financial statements.
82
HC CAPITAL TRUST
The Commodity Returns Strategy Portfolio
Consolidated Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
United States (continued) | ||||||||
5,248 | Equitrans Midstream Corp. (Oil, Gas & Consumable Fuels) | $ | 70 | |||||
41,935 | Exxon Mobil Corp. (Oil, Gas & Consumable Fuels) | 2,925 | ||||||
2,864 | FMC Corp. (Chemicals) | 286 | ||||||
26,370 | Freeport-McMoRan, Inc. (Metals & Mining) | 346 | ||||||
18,620 | Halliburton Co. (Energy Equipment & Services) | 456 | ||||||
3,518 | Helmerich & Payne, Inc. (Energy Equipment & Services) | 160 | ||||||
6,295 | Hess Corp. (Oil, Gas & Consumable Fuels) | 421 | ||||||
3,410 | HollyFrontier Corp. (Oil, Gas & Consumable Fuels) | 173 | ||||||
1,634 | International Flavors & Fragrances, Inc. (Chemicals) | 211 | ||||||
8,247 | International Paper Co. (Containers & Packaging) | 380 | ||||||
41,699 | Kinder Morgan, Inc. (Oil, Gas & Consumable Fuels) | 883 | ||||||
3,097 | Livent Corp. (Chemicals) (b) | 26 | ||||||
18,251 | Marathon Oil Corp. (Oil, Gas & Consumable Fuels) | 248 | ||||||
16,668 | Marathon Petroleum Corp. (Oil, Gas & Consumable Fuels) | 1,004 | ||||||
1,196 | Martin Marietta Materials, Inc. (Construction Materials) | 334 | ||||||
5,224 | Murphy Oil Corp. (Oil, Gas & Consumable Fuels) | 140 | ||||||
8,099 | National Oilwell Varco, Inc. (Energy Equipment & Services) | 203 | ||||||
17,050 | Newmont Corp. (Metals & Mining) | 741 | ||||||
8,712 | Noble Energy, Inc. (Oil, Gas & Consumable Fuels) | 216 | ||||||
6,697 | Nucor Corp. (Metals & Mining) | 377 | ||||||
20,375 | Occidental Petroleum Corp. (Oil, Gas & Consumable Fuels) | 840 | ||||||
4,724 | ONEOK, Inc. (Oil, Gas & Consumable Fuels) | 357 | ||||||
1,792 | Packaging Corporation of America (Containers & Packaging) | 201 | ||||||
4,500 | Parsley Energy, Inc., Class – A (Oil, Gas & Consumable Fuels) | 85 | ||||||
10,371 | Phillips 66 (Oil, Gas & Consumable Fuels) | 1,155 | ||||||
3,703 | Pioneer Natural Resources Co. (Oil, Gas & Consumable Fuels) | 561 | ||||||
3,287 | Plains GP Holdings LP, Class – A (Oil, Gas & Consumable Fuels) | 62 | ||||||
5,703 | PPG Industries, Inc. (Chemicals) | 761 | ||||||
6,355 | Range Resources Corp. (Oil, Gas & Consumable Fuels) | 31 | ||||||
30,635 | Schlumberger Ltd. (Energy Equipment & Services) | 1,231 | ||||||
4,317 | Sealed Air Corp. (Containers & Packaging) | 172 | ||||||
2,360 | Southern Copper Corp. (Metals & Mining) | 100 | ||||||
3,466 | Targa Resources Corp. (Oil, Gas & Consumable Fuels) | 142 | ||||||
6,717 | The Mosaic Co. (Chemicals) | 145 | ||||||
1,661 | The Sherwin-Williams Co. (Chemicals) | 969 | ||||||
15,850 | The Williams Cos., Inc. (Oil, Gas & Consumable Fuels) | 376 |
Shares | Security Description | Value (000) | ||||||
United States (continued) | ||||||||
10,418 | Valero Energy Corp. (Oil, Gas & Consumable Fuels) | $ | 976 | |||||
5,349 | Valvoline, Inc. (Chemicals) | 115 | ||||||
2,808 | Vulcan Materials Co. (Construction Materials) | 405 | ||||||
2,157 | W.R. Grace & Co. (Chemicals) | 151 | ||||||
4,620 | WestRock Co. (Containers & Packaging) | 198 | ||||||
|
| |||||||
33,294 | ||||||||
|
| |||||||
Total Common Stocks | 111,230 | |||||||
|
| |||||||
Preferred Stocks — 1.32% | ||||||||
Brazil — 1.02% | ||||||||
4,600 | Braskem SA – Preferred, Class – A (Chemicals) | 34 | ||||||
30,600 | Gerdau SA – Preferred (Metals & Mining) | 152 | ||||||
103,200 | Klabin SA – Preferred (Containers & Packaging) | 91 | ||||||
136,375 | Petroleo Brasileiro SA – Preferred (Oil, Gas & Consumable Fuels) | 1,024 | ||||||
|
| |||||||
1,301 | ||||||||
|
| |||||||
Chile — 0.11% | ||||||||
5,104 | Sociedad Quimica y Minera de Chile SA – Preferred, B Shares (Chemicals) | 137 | ||||||
|
| |||||||
Germany — 0.07% | ||||||||
1,785 | Fuchs Petrolub AG – Preferred (Chemicals) | 88 | ||||||
|
| |||||||
Russia — 0.12% | ||||||||
52 | AK Transneft OAO – Preferred (Oil, Gas & Consumable Fuels) | 148 | ||||||
|
| |||||||
Total Preferred Stocks | 1,674 | |||||||
|
| |||||||
Principal Amount (000) | ||||||||
U.S. Treasury Obligation — 0.47% | ||||||||
$ | 600 | U.S. Treasury Bill, 1.24%, 1/16/20 (c)(d)(e) | 600 | |||||
|
| |||||||
Total U.S. Treasury Obligation | 600 | |||||||
|
| |||||||
Shares | ||||||||
Investment Company — 4.71% | ||||||||
5,973,100 | State Street Institutional Treasury Plus Money Market Fund, Trust Class, 1.49% (f) | 5,973 | ||||||
|
| |||||||
Total Investment Company | 5,973 | |||||||
|
| |||||||
Principal Amount (000) | ||||||||
Repurchase Agreements — 3.78% | ||||||||
$ | 1,300 | Bank of America Corp., 1.55%, 1/2/20 (Purchased on 12/31/19, proceeds at maturity $1,300,112 collateralized by U.S. Treasury Note, 1.63%, 11/30/26, fair value $1,326,048) (c) | 1,300 | |||||
900 | BNP Paribas, 1.55%, 1/2/20 (Purchased on 12/31/19, proceeds at maturity $900,078 collateralized by U.S. Treasury Obligations, 0.00% – 8.13%, 6/11/20 – 2/15/47, fair value $918,000) | 900 |
See accompanying notes to financial statements.
83
HC CAPITAL TRUST
The Commodity Returns Strategy Portfolio
Consolidated Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Principal Amount (000) | Security Description | Value (000) | ||||||
Repurchase Agreements (continued) | ||||||||
$ | 1,200 | Deutsche Bank Securities, Inc., 1.55%, 1/2/20 (Purchased on 12/31/19, proceeds at maturity $1,200,103 collateralized by U.S. Treasury Note, 2.25%, 4/30/24, fair value | $ | 1,200 | ||||
1,400 | NatWest Markets PLC, 1.55%, 1/2/20 (Purchased on 12/31/19, proceeds at maturity $1,400,121 collateralized by U.S. Treasury Obligations, 0.13%, 7/15/22, fair value $1,428,116) (c) | 1,400 | ||||||
|
| |||||||
Total Repurchase Agreements | 4,800 | |||||||
|
| |||||||
Total Investments | 124,277 | |||||||
Other assets in excess of | 2,592 | |||||||
|
| |||||||
Net Assets — 100.00% | $ | 126,869 | ||||||
|
|
Portfolio of Investments is presented on a consolidated basis. See Note 2.N. in the Notes to Financial Statements.
^ | All or part of this security was on loan as of December 31, 2019. The total value of securities on loan as of December 31, 2019, was $3 (amount in thousands). |
(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) | Representsnon-income producing security. |
(c) | All or a portion of these investments are held by the wholly-owned subsidiaries of the Portfolio. See Note 2.N. in the Notes to Financial Statements. |
(d) | The rate disclosed represents effective yield at purchase. |
(e) | All or part of this security has been pledged as collateral for derivative instruments held by the Portfolio. |
(f) | The rate disclosed is the rate in effect on December 31, 2019. |
ADR — American Depositary Receipt
GDR — Global Depositary Receipt
The following table reflects the percentage of total net assets of the Portfolio attributable to each Specialist Manager as of December 31, 2019.
The Commodity Returns Strategy Portfolio | Mellon Investments Corporation | Parametric Portfolio Associates, LLC | Wellington Management Company, LLP | HC Capital Solutions | Total | |||||||||||||||
Common Stocks | 87.57 | % | — | 0.11 | % | — | 87.68 | % | ||||||||||||
Preferred Stocks | 1.32 | % | — | — | — | 1.32 | % | |||||||||||||
U.S. Treasury Obligation | — | — | 0.47 | % | — | 0.47 | % | |||||||||||||
Investment Company | 1.05 | % | 1.97 | % | — | 1.69 | % | 4.71 | % | |||||||||||
Repurchase Agreements | — | — | 3.78 | % | — | 3.78 | % | |||||||||||||
Other Assets | 1.69 | % | 0.22 | % | 0.13 | % | 0.00 | % | 2.04 | % | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Net Assets | 91.63 | % | 2.19 | % | 4.49 | % | 1.69 | % | 100.00 | % | ||||||||||
|
|
|
|
|
|
|
|
|
|
Amounts designated as “—” indicate the Specialist Manager did not manage any holdings in that category.
Amounts designated as “0.00%” round to less than 0.005%.
The following tables reflect the open derivative positions held by the Portfolio as of December 31, 2019.
Futures Contracts Purchased^
Description | Number of | Expiration Date | Notional Amount (000) | Value and Unrealized Appreciation/ (Depreciation) (000) | ||||||||||||
Brent Crude Future (a) | 10 | 1/31/20 | $ | 660 | $ | 50 | ||||||||||
Brent Crude Future (a) | 1 | 10/31/22 | 57 | — | ||||||||||||
Cattle Feeder Future (a) | 1 | 3/26/20 | 72 | — | ||||||||||||
Cocoa Future (a) | 1 | 3/16/20 | 25 | — | ||||||||||||
Copper Future (a) | 1 | 3/27/20 | 70 | 3 | ||||||||||||
Corn Future (a) | 7 | 7/14/20 | 140 | 1 | ||||||||||||
Corn Future (a) | 3 | 12/14/20 | 60 | (1 | ) | |||||||||||
Cotton No.2 Future (a) | 2 | 3/9/20 | 69 | 4 | ||||||||||||
Electrolytic Copper Future (a) | 4 | 3/16/20 | 618 | 28 | ||||||||||||
E-Mini S&P 500 Future | 29 | 3/20/20 | 4,686 | 87 |
See accompanying notes to financial statements.
84
HC CAPITAL TRUST
The Commodity Returns Strategy Portfolio
Consolidated Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Description | Number of | Expiration Date | Notional Amount (000) | Value and Unrealized Appreciation/ (Depreciation) (000) | ||||||||||||
E-Mini Silver Futures (a) | 1 | 2/26/20 | $ | 45 | $ | 2 | ||||||||||
Gas Oil Future (a) | 2 | 2/12/20 | 123 | 1 | ||||||||||||
Gasoline RBOB Future (a) | 2 | 1/31/20 | 142 | 4 | ||||||||||||
Gold 100 Oz Future (a) | 8 | 2/26/20 | 1,219 | 50 | ||||||||||||
Hard Red Winter Wheat Future (a) | 6 | 3/13/20 | 146 | 12 | ||||||||||||
Lean Hogs Future (a) | 10 | 2/14/20 | 286 | (10 | ) | |||||||||||
Live Cattle Future (a) | 4 | 2/28/20 | 201 | 3 | ||||||||||||
LME Lead Future (a) | 2 | 3/16/20 | 96 | 1 | ||||||||||||
Natural Gas Future (a) | 7 | 2/26/20 | 151 | (4 | ) | |||||||||||
NY Harbor ULSD Future (a) | 3 | 1/31/20 | 255 | 10 | ||||||||||||
NYMEX WTI Crude Future (a) | 4 | 2/20/20 | 243 | 35 | ||||||||||||
Primary Aluminum Future (a) | 9 | 3/16/20 | 407 | 9 | ||||||||||||
Primary Nickel Future (a) | 1 | 3/16/20 | 84 | 4 | ||||||||||||
Soybean Future (a) | 4 | 3/13/20 | 191 | 9 | ||||||||||||
Soybean Meal Future (a) | 2 | 3/13/20 | 61 | — | ||||||||||||
Sugar #11 (World) Future (a) | 7 | 2/28/20 | 105 | 7 | ||||||||||||
Zinc Future (a) | 1 | 3/16/20 | 57 | (1 | ) | |||||||||||
|
|
|
| |||||||||||||
$ | 10,269 | $ | 304 | |||||||||||||
|
|
|
|
Futures Contracts Sold^
Description | Number of | Expiration Date | Notional Amount (000) | Value and Unrealized Appreciation/ (Depreciation) (000) | ||||||||||
Brent Crude Future (a) | 1 | 10/30/20 | $ | 61 | $ | — | ||||||||
Lean Hogs Future (a) | 2 | 6/12/20 | 71 | 1 | ||||||||||
Primary Aluminum Future (a) | 1 | 12/14/20 | 47 | 1 | ||||||||||
TTF Natural Gas Futures (a) | 1 | 3/30/20 | 9 | 3 | ||||||||||
TTF Natural Gas Futures (a) | 1 | 4/29/20 | 10 | 3 | ||||||||||
TTF Natural Gas Futures (a) | 1 | 5/28/20 | 9 | 3 | ||||||||||
Wheat (CBT) Future (a) | 1 | 3/13/20 | 28 | (1 | ) | |||||||||
Wheat (CBT) Future (a) | 1 | 12/14/20 | 29 | (2 | ) | |||||||||
|
|
|
| |||||||||||
$ | 264 | $ | 8 | |||||||||||
|
|
|
| |||||||||||
Total Unrealized Appreciation |
| $ | 331 | |||||||||||
Total Unrealized Depreciation |
| (19 | ) | |||||||||||
|
| |||||||||||||
Total Net Unrealized Appreciation/(Depreciation) |
| $ | 312 | |||||||||||
|
|
^ | Cash has been pledged as collateral for futures contracts held by the Portfolio. |
See accompanying notes to financial statements.
85
HC CAPITAL TRUST
The Commodity Returns Strategy Portfolio
Consolidated Portfolio of Investments (concluded) — December 31, 2019 (Unaudited)
Options Contracts
Exchange-traded options written as of December 31, 2019 were as follows:
Description | Number of Contracts | Notional Amount (000) | Exercise Price | Expiration Date | Value (000) | |||||||||||||||
Natural Gas Call Option (a) | 3 | $ | — | $ | 3.50 | 1/28/20 | $ | — | ||||||||||||
|
| |||||||||||||||||||
$ | — | |||||||||||||||||||
|
|
Total Return Swap Agreements
Pay/ | Financing Rate | Description | Counterparty | Expiration Date | Payment Frequency | Notional Amount (000) | Value (000) | Upfront Premiums Paid/ (Received) (000) | Unrealized Appreciation/ (Depreciation) (000) | |||||||||||||||||||||||
Receive | 0.35 | % | Bloomberg Soybean Meal Subindex (a) | Barclays Bank PLC | 2/28/20 | Monthly | $ | 42 | $ | 1 | $ | — | $ | 1 | ||||||||||||||||||
Receive | 0.15 | % | S&P GSCI Grains Index (a) | Barclays Bank PLC | 2/28/20 | Monthly | 4 | — | — | — | ||||||||||||||||||||||
Receive | 0.10 | % | S&P GSCI Grains Index (a) | Goldman Sachs International | 5/29/20 | Monthly | 81 | 2 | — | 2 | ||||||||||||||||||||||
|
|
|
|
|
| |||||||||||||||||||||||||||
$ | 3 | $ | — | $ | 3 | |||||||||||||||||||||||||||
|
|
|
|
|
|
Commodity Forward Swap Agreements
Pay/ | Underlying | Counterparty | Expiration Date | Exercise Price | Notional Amount (000) | Value (000) | Upfront Premiums Paid/ (Received) (000) | Unrealized Appreciation/ (Depreciation) (000) | ||||||||||||||||||||||
Receive | Gold (a) | Goldman Sachs International | 1/31/20 | $ | 1,449.79 | $ | 16 | $ | 1 | $ | — | $ | 1 | |||||||||||||||||
Receive | Silver (a) | Goldman Sachs International | 5/29/20 | 17.14 | 37 | 2 | — | 2 | ||||||||||||||||||||||
|
|
|
|
|
| |||||||||||||||||||||||||
$ | 3 | $ | — | $ | 3 | |||||||||||||||||||||||||
|
|
|
|
|
| |||||||||||||||||||||||||
Total swap agreements at value (assets) | $ | 6 | ||||||||||||||||||||||||||||
Total swap agreements at value (liabilities) | — | |||||||||||||||||||||||||||||
|
| |||||||||||||||||||||||||||||
Net swap agreements at value | $ | 6 | ||||||||||||||||||||||||||||
|
|
Amounts designated as “—” are $0 or have been rounded to $0.
(a) | All or a portion of these investments are held by the wholly-owned subsidiaries of the Portfolio. See Note 2.N. in the Notes to Financial Statements. |
(b) | Receive represents that the Portfolio receives payments for any positive return on the underlying reference. The Portfolio makes payments for any negative return on such underlying reference. Pay represents that the Portfolio receives payments for any negative return on the underlying reference. The Portfolio makes payments for any positive return on such underlying reference. |
See accompanying notes to financial statements.
86
HC CAPITAL TRUST
The ESG Growth Portfolio
Portfolio of Investments — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks — 92.81% | ||||||||
Australia — 2.35% |
| |||||||
2,368 | AGL Energy Ltd. (Multi-Utilities) | $ | 34 | |||||
9,284 | Alumina Ltd. (Metals & Mining) | 15 | ||||||
12,454 | AMP Ltd. (Diversified Financial Services) | 17 | ||||||
4,261 | APA Group (Gas Utilities) | 33 | ||||||
2,155 | Aristocrat Leisure Ltd. (Hotels, Restaurants & Leisure) | 52 | ||||||
726 | ASX Ltd. (Capital Markets) | 40 | ||||||
7,480 | Aurizon Holdings Ltd. (Road & Rail) | 27 | ||||||
6,595 | AusNet Services (Electric Utilities) | 8 | ||||||
10,253 | Australia & New Zealand Banking Group Ltd. (Banks) | 177 | ||||||
1,760 | Bendigo & Adelaide Bank Ltd. (Banks) | 12 | ||||||
10,677 | BHP Billiton Ltd. (Metals & Mining) | 293 | ||||||
7,640 | BHP Group PLC (Metals & Mining) | 180 | ||||||
1,927 | BlueScope Steel Ltd. (Metals & Mining) | 20 | ||||||
4,233 | Boral Ltd. (Construction Materials) | 13 | ||||||
5,980 | Brambles Ltd. (Commercial Services & Supplies) | 49 | ||||||
902 | Caltex Australia Ltd. (Oil, Gas & Consumable Fuels) | 21 | ||||||
1,986 | Challenger Ltd. (Diversified Financial Services) | 11 | ||||||
351 | CIMIC Group Ltd. (Construction & Engineering) | 8 | ||||||
1,928 | Coca-Cola Amatil Ltd. (Beverages) | 15 | ||||||
209 | Cochlear Ltd. (Health Care Equipment & Supplies) | 33 | ||||||
4,252 | Coles Group Ltd. (Food & Staples Retailing) | 44 | ||||||
6,420 | Commonwealth Bank of Australia (Banks) | 360 | ||||||
1,764 | Computershare Ltd. (IT Services) | 21 | ||||||
1,344 | Crown Resorts Ltd. (Hotels, Restaurants & Leisure) | 11 | ||||||
1,643 | CSL Ltd. (Biotechnology) | 318 | ||||||
3,942 | Dexus (Equity Real Estate Investment Trusts) | 32 | ||||||
201 | Flight Centre Travel Group Ltd. (Hotels, Restaurants & Leisure) | 6 | ||||||
5,201 | Fortescue Metals Group Ltd. (Metals & Mining) | 39 | ||||||
6,122 | Goodman Group (Equity Real Estate Investment Trusts) | 57 | ||||||
6,858 | GPT Group (Equity Real Estate Investment Trusts) | 27 | ||||||
1,917 | Harvey Norman Holdings Ltd. (Multiline Retail) | 5 | ||||||
5,798 | Incitec Pivot Ltd. (Chemicals) | 13 | ||||||
8,667 | Insurance Australia Group Ltd. (Insurance) | 47 | ||||||
2,036 | LendLease Group (Real Estate Management & Development) | 25 | ||||||
1,167 | Macquarie Group Ltd. (Capital Markets) | 112 | ||||||
489 | Magellan Financial Group Ltd. (Capital Markets) | 20 | ||||||
9,945 | Medibank Private Ltd. (Insurance) | 22 | ||||||
14,108 | Mirvac Group (Equity Real Estate Investment Trusts) | 31 | ||||||
10,430 | National Australia Bank Ltd. (Banks) | 180 | ||||||
2,882 | Newcrest Mining Ltd. (Metals & Mining) | 61 | ||||||
1,372 | Orica Ltd. (Chemicals) | 21 | ||||||
6,354 | Origin Energy Ltd. (Oil, Gas & Consumable Fuels) | 38 | ||||||
2,446 | Qantas Airways Ltd. (Airlines) | 12 | ||||||
4,799 | QBE Insurance Group Ltd. (Insurance) | 43 |
Shares | Security Description | Value (000) | ||||||
Australia (continued) |
| |||||||
625 | Ramsay Health Care Ltd. (Health Care Providers & Services) | $ | 32 | |||||
190 | REA Group Ltd. (Interactive Media & Services) | 14 | ||||||
1,337 | Rio Tinto Ltd. (Metals & Mining) | 94 | ||||||
6,393 | Santos Ltd. (Oil, Gas & Consumable Fuels) | 37 | ||||||
19,939 | Scentre Group (Equity Real Estate Investment Trusts) | 54 | ||||||
1,205 | Seek Ltd. (Professional Services) | 19 | ||||||
1,626 | Sonic Healthcare Ltd. (Health Care Providers & Services) | 33 | ||||||
18,728 | South32 Ltd. (Metals & Mining) | 35 | ||||||
8,686 | Stockland (Equity Real Estate Investment Trusts) | 28 | ||||||
4,727 | Suncorp Group Ltd. (Insurance) | 43 | ||||||
3,994 | Sydney Airport (Transportation Infrastructure) | 24 | ||||||
7,278 | Tabcorp Holdings Ltd. (Hotels, Restaurants & Leisure) | 23 | ||||||
15,585 | Telstra Corp. Ltd. (Diversified Telecommunication Services) | 39 | ||||||
10,038 | Transurban Group (Transportation Infrastructure) | 105 | ||||||
2,595 | Treasury Wine Estates Ltd. (Beverages) | 30 | ||||||
11,760 | Vicinity Centres (Equity Real Estate Investment Trusts) | 21 | ||||||
433 | Washington H Soul Pattinson & Co. Ltd. (Oil, Gas & Consumable Fuels) | 7 | ||||||
4,091 | Wesfarmers Ltd. (Food & Staples Retailing) | 119 | ||||||
12,634 | Westpac Banking Corp. (Banks) | 215 | ||||||
480 | Wisetech Global Ltd. (Software) | 8 | ||||||
3,366 | Woodside Petroleum Ltd. (Oil, Gas & Consumable Fuels) | 81 | ||||||
4,542 | Woolworths Group Ltd. (Food & Staples Retailing) | 115 | ||||||
1,164 | Worley Ltd. (Energy Equipment & Services) | 13 | ||||||
|
| |||||||
3,792 | ||||||||
|
| |||||||
Austria — 0.08% |
| |||||||
263 | ANDRITZ AG (Machinery) | 11 | ||||||
1,086 | Erste Group Bank AG (Banks) | 42 | ||||||
557 | OMV AG (Oil, Gas & Consumable Fuels) | 31 | ||||||
563 | Raiffeisen Bank International AG (Banks) (a) | 14 | ||||||
246 | Verbund AG (Electric Utilities) | 12 | ||||||
419 | Voestalpine AG (Metals & Mining) | 12 | ||||||
|
| |||||||
122 | ||||||||
|
| |||||||
Belgium — 0.31% |
| |||||||
660 | Ageas (Insurance) | 39 | ||||||
2,759 | Anheuser-Busch InBev N.V. (Beverages) | 224 | ||||||
207 | Colruyt SA (Food & Staples Retailing) | 11 | ||||||
291 | Groupe Bruxelles Lambert SA (Diversified Financial Services) | 31 | ||||||
936 | KBC Groep N.V. (Banks) | 70 | ||||||
549 | Proximus SADP (Diversified Telecommunication Services) | 16 | ||||||
267 | Solvay SA (Chemicals) | 31 | ||||||
170 | Telenet Group Holding N.V. (Media) | 8 | ||||||
456 | UCB SA (Pharmaceuticals) | 36 | ||||||
712 | Umicore SA (Chemicals) (a) | 35 | ||||||
|
| |||||||
501 | ||||||||
|
|
See accompanying notes to financial statements.
87
HC CAPITAL TRUST
The ESG Growth Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Bermuda — 0.18% |
| |||||||
1,514 | Arch Capital Group Ltd. (Insurance) (b) | $ | 65 | |||||
531 | Bunge Ltd. (Food Products) | 31 | ||||||
1,373 | IHS Markit Ltd. (Professional Services) (b) | 103 | ||||||
1,434 | Invesco Ltd. (Capital Markets) | 26 | ||||||
2,348 | Marvell Technology Group Ltd. (Semiconductors & Semiconductor Equipment) | 62 | ||||||
2,500 | Yue Yuen Industrial Holdings Ltd. (Textiles, Apparel & Luxury Goods) | 7 | ||||||
|
| |||||||
294 | ||||||||
|
| |||||||
Canada — 3.31% |
| |||||||
900 | Agnico-Eagle Mines Ltd. (Metals & Mining) | 55 | ||||||
500 | Air Canada (Airlines) (b) | 19 | ||||||
1,700 | Algonquin Power & Utilities Corp. (Multi-Utilities) | 25 | ||||||
3,200 | Alimentation Couche-Tard, Inc., Class – B (Food & Staples Retailing) | 102 | ||||||
1,000 | AltaGas Ltd. (Gas Utilities) | 15 | ||||||
300 | Atco Ltd. (Multi-Utilities) | 11 | ||||||
2,500 | Aurora Cannabis, Inc. (Pharmaceuticals) (b) | 5 | ||||||
2,300 | Bank of Montreal (Banks) | 178 | ||||||
6,400 | Barrick Gold Corp. (Metals & Mining) | 120 | ||||||
600 | BCE, Inc. (Diversified Telecommunication Services) | 28 | ||||||
1,900 | Blackberry Ltd. (Software) (b) | 12 | ||||||
7,700 | Bombardier, Inc. (Aerospace & Defense) (a)(b) | 11 | ||||||
3,200 | Brookfield Asset Management, Inc. (Capital Markets) | 185 | ||||||
1,000 | CAE, Inc. (Aerospace & Defense) | 27 | ||||||
1,400 | Cameco Corp. (Oil, Gas & Consumable Fuels) | 12 | ||||||
300 | Canadian Apartment Properties REIT (Equity Real Estate Investment Trusts) (a) | 12 | ||||||
1,600 | Canadian Imperial Bank of Commerce (Banks) | 133 | ||||||
2,600 | Canadian National Railway Co. (Road & Rail) | 236 | ||||||
500 | Canadian Pacific Railway Ltd. (Road & Rail) | 127 | ||||||
200 | Canadian Tire Corp. Ltd., Class – A (Multiline Retail) | 22 | ||||||
500 | Canadian Utilities Ltd., Class – A (Multi-Utilities) | 15 | ||||||
800 | Canopy Growth Corp. (Pharmaceuticals) (a)(b) | 18 | ||||||
600 | CCL Industries, Inc., Class – B (Containers & Packaging) (a) | 26 | ||||||
3,800 | Cenovus Energy, Inc. (Oil, Gas & Consumable Fuels) | 39 | ||||||
900 | CGI, Inc. (IT Services) (b) | 75 | ||||||
900 | CI Financial Corp. (Capital Markets) | 15 | ||||||
700 | Cronos Group, Inc. (Pharmaceuticals) (b) | 5 | ||||||
1,100 | Dollarama, Inc. (Multiline Retail) | 37 | ||||||
900 | Emera, Inc. (Electric Utilities) | 39 | ||||||
600 | Empire Co. Ltd. (Food & Staples Retailing) | 14 | ||||||
7,300 | Enbridge, Inc. (Oil, Gas & Consumable Fuels) | 291 | ||||||
4,500 | Encana Corp. (Oil, Gas & Consumable Fuels) | 21 | ||||||
700 | First Capital Real Estate Investment Trust (Real Estate Management & Development) | 11 | ||||||
2,500 | First Quantum Minerals Ltd. (Metals & Mining) | 25 | ||||||
1,600 | Fortis, Inc. (Electric Utilities) | 66 | ||||||
700 | Franco-Nevada Corp. (Metals & Mining) | 72 | ||||||
800 | Gildan Activewear, Inc. (Textiles, Apparel & Luxury Goods) | 24 |
Shares | Security Description | Value (000) | ||||||
Canada (continued) |
| |||||||
1,000 | Great-West Lifeco, Inc. (Insurance) | $ | 26 | |||||
1,300 | Husky Energy, Inc. (Oil, Gas & Consumable Fuels) | 10 | ||||||
1,200 | Hydro One Ltd. (Electric Utilities) (a) | 23 | ||||||
400 | iA Financial Corp., Inc. (Insurance) | 22 | ||||||
300 | IGM Financial, Inc. (Capital Markets) | 9 | ||||||
1,000 | Imperial Oil Ltd. (Oil, Gas & Consumable Fuels) | 26 | ||||||
500 | Intact Financial Corp. (Insurance) (a) | 54 | ||||||
1,500 | Inter Pipeline Ltd. (Oil, Gas & Consumable Fuels) | 26 | ||||||
800 | Keyera Corp. (Oil, Gas & Consumable Fuels) (a) | 21 | ||||||
4,500 | Kinross Gold Corp. (Metals & Mining) (b) | 21 | ||||||
700 | Kirkland Lake Gold Ltd. (Metals & Mining) | 31 | ||||||
700 | Loblaw Companies Ltd. (Food & Staples Retailing) | 36 | ||||||
399 | Lululemon Athletica, Inc. (Textiles, Apparel & Luxury Goods) (b) | 92 | ||||||
2,400 | Lundin Mining Corp. (Metals & Mining) (a) | 14 | ||||||
1,100 | Magna International, Inc. (Auto Components) | 60 | ||||||
7,100 | Manulife Financial Corp. (Insurance) | 144 | ||||||
200 | Methanex Corp. (Chemicals) | 8 | ||||||
900 | Metro, Inc. (Food & Staples Retailing) | 37 | ||||||
1,200 | National Bank of Canada (Banks) | 67 | ||||||
2,100 | Nutrien Ltd. (Chemicals) | 100 | ||||||
300 | Onex Corp. (Diversified Financial Services) | 19 | ||||||
1,000 | Open Text Corp. (Software) (a) | 44 | ||||||
500 | Parkland Fuel Corp. (Oil, Gas & Consumable Fuels) (a) | 18 | ||||||
1,900 | Pembina Pipelines Corp. (Oil, Gas & Consumable Fuels) | 70 | ||||||
1,100 | Power Corp. of Canada (Insurance) | 28 | ||||||
1,000 | Power Financial Corp. (Insurance) | 27 | ||||||
800 | PrairieSky Royalty Ltd. (Oil, Gas & Consumable Fuels) (a) | 9 | ||||||
700 | Quebecor, Inc. (Media) | 18 | ||||||
1,000 | Restaurant Brands International, Inc. (Hotels, Restaurants & Leisure) | 64 | ||||||
1,300 | Rogers Communications, Inc. (Wireless Telecommunication Services) | 65 | ||||||
5,200 | Royal Bank of Canada (Banks) | 412 | ||||||
1,700 | Shaw Communications, Inc., Class – B (Media) | 34 | ||||||
400 | Shopify, Inc. (IT Services) (b) | 159 | ||||||
2,200 | Sun Life Financial, Inc. (Insurance) | 100 | ||||||
5,600 | Suncor Energy, Inc. (Oil, Gas & Consumable Fuels) | 185 | ||||||
3,400 | TC Energy Corp. (Oil, Gas & Consumable Fuels) | 181 | ||||||
1,900 | Teck Cominco Ltd., Class – B (Metals & Mining) | 33 | ||||||
700 | TELUS Corp. (Diversified Telecommunication Services) | 27 | ||||||
4,400 | The Bank of Nova Scotia (Banks) | 249 | ||||||
900 | The Stars Group, Inc. (Hotels, Restaurants & Leisure) (b) | 23 | ||||||
6,600 | The Toronto-Dominion Bank (Banks) | 370 | ||||||
700 | Thomson Reuters Corp. (Professional Services) | 50 | ||||||
900 | Waste Connections, Inc. (Commercial Services & Supplies) | 82 | ||||||
200 | West Fraser Timber Co. Ltd. (Paper & Forest Products) | 9 |
See accompanying notes to financial statements.
88
HC CAPITAL TRUST
The ESG Growth Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Canada (continued) |
| |||||||
300 | Weston (George) Ltd. (Food & Staples Retailing) | $ | 24 | |||||
1,700 | Wheaton Precious Metals Corp. (Metals & Mining) | 51 | ||||||
400 | WSP Global, Inc. (Construction & Engineering) | 27 | ||||||
|
| |||||||
5,333 | ||||||||
|
| |||||||
Denmark — 0.60% |
| |||||||
14 | A.P. Moller – Maersk A/S, Class – A (Marine) | 19 | ||||||
24 | A.P. Moller – Maersk A/S, Class – B (Marine) | 35 | ||||||
401 | Carlsberg A/S, Class – B (Beverages) | 60 | ||||||
381 | Christian Hansen Holding A/S (Chemicals) (a) | 30 | ||||||
446 | Coloplast A/S, Class – B (Health Care Equipment & Supplies) | 55 | ||||||
410 | Demant A/S (Health Care Equipment & Supplies) (b) | 13 | ||||||
782 | DSV Panalpina A/S (Road & Rail) | 90 | ||||||
242 | Genmab A/S (Biotechnology) (a)(b) | 54 | ||||||
251 | H. Lundbeck A/S (Pharmaceuticals) | 10 | ||||||
570 | ISS A/S (Commercial Services & Supplies) | 14 | ||||||
6,417 | Novo Nordisk A/S, Class – B (Pharmaceuticals) | 372 | ||||||
791 | Novozymes A/S, B Shares (Chemicals) | 39 | ||||||
710 | Orsted A/S (Electric Utilities) (a) | 73 | ||||||
377 | Pandora A/S (Textiles, Apparel & Luxury Goods) (a) | 16 | ||||||
459 | Tryg A/S (Insurance) | 14 | ||||||
706 | Vestas Wind Systems A/S (Electrical Equipment) | 71 | ||||||
|
| |||||||
965 | ||||||||
|
| |||||||
Finland — 0.38% |
| |||||||
514 | Elisa Oyj (Diversified Telecommunication Services) | 28 | ||||||
1,604 | Fortum Oyj (Electric Utilities) | 40 | ||||||
1,222 | Kone Oyj (Machinery) | 81 | ||||||
380 | Metso Oyj (Machinery) | 15 | ||||||
1,587 | Neste Oil Oyj (Oil, Gas & Consumable Fuels) | 55 | ||||||
21,141 | Nokia Oyj (Communications Equipment) | 78 | ||||||
448 | Nokian Renkaat Oyj (Auto Components) | 13 | ||||||
11,668 | Nordea Bank Abp (Banks) | 94 | ||||||
376 | Orion Oyj, Class – B (Pharmaceuticals) | 17 | ||||||
1,591 | Sampo Oyj, Class – A (Insurance) (a) | 69 | ||||||
2,101 | Stora Enso Oyj, R Shares (Paper & Forest Products) | 31 | ||||||
2,002 | UPM-Kymmene Oyj (Paper & Forest Products) | 69 | ||||||
1,603 | Wartsila Oyj, Class – B (Machinery) | 18 | ||||||
|
| |||||||
608 | ||||||||
|
| |||||||
France — 3.54% |
| |||||||
663 | Accor SA (Hotels, Restaurants & Leisure) (a) | 31 | ||||||
107 | Aeroports de Paris (Transportation Infrastructure) | 21 | ||||||
1,709 | Air Liquide SA (Chemicals) | 241 | ||||||
735 | Alstom SA (Machinery) (a) | 35 | ||||||
219 | Amundi SA (Capital Markets) (a) | 17 | ||||||
259 | Arkema SA (Chemicals) | 28 | ||||||
368 | Atos SE (IT Services) | 31 | ||||||
6,992 | AXA SA (Insurance) | 198 | ||||||
149 | BioMerieux (Health Care Equipment & Supplies) | 13 | ||||||
4,074 | BNP Paribas (Banks) | 242 | ||||||
805 | Bouygues SA (Construction & Engineering) | 34 |
Shares | Security Description | Value (000) | ||||||
France (continued) | ||||||||
1,038 | Bureau Veritas SA (Professional Services) (a) | $ | 27 | |||||
596 | Capgemini SE (IT Services) | 72 | ||||||
2,287 | Carrefour SA (Food & Staples Retailing) | 38 | ||||||
210 | Casino Guichard-Perrachon SA (Food & Staples Retailing) | 10 | ||||||
620 | CNP Assurances (Insurance) | 12 | ||||||
1,845 | Compagnie de Saint-Gobain (Building Products) | 76 | ||||||
614 | Compagnie Generale des Etablissements Michelin, Class – B (Auto Components) | 74 | ||||||
164 | Covivio (Equity Real Estate Investment Trusts) | 19 | ||||||
4,300 | Credit Agricole SA (Banks) | 62 | ||||||
2,234 | Danone SA (Food Products) | 185 | ||||||
472 | Dassault Systemes SE (Software) | 78 | ||||||
898 | Edenred (Commercial Services & Supplies) | 46 | ||||||
295 | Eiffage SA (Construction & Engineering) (a) | 34 | ||||||
2,136 | Electricite de France SA (Electric Utilities) | 24 | ||||||
6,585 | ENGIE (Multi-Utilities) | 106 | ||||||
1,024 | EssilorLuxottica SA (Health Care Equipment & Supplies) | 156 | ||||||
146 | Eurazeo SE (Diversified Financial Services) | 10 | ||||||
42 | Eurofins Scientific SE (Life Sciences Tools & Services) (a) | 23 | ||||||
666 | Eutelsat Communications (Media) (a) | 11 | ||||||
274 | Faurecia (Auto Components) | 15 | ||||||
165 | Gecina SA (Equity Real Estate Investment Trusts) (a) | 30 | ||||||
1,589 | Getlink SE (Transportation Infrastructure) | 28 | ||||||
114 | Hermes International (Textiles, Apparel & Luxury Goods) | 85 | ||||||
108 | Icade (Equity Real Estate Investment Trusts) | 12 | ||||||
96 | Iliad SA (Diversified Telecommunication Services) | 12 | ||||||
217 | Ingenico Group SA (Electronic Equipment, Instruments & Components) | 24 | ||||||
137 | Ipsen SA (Pharmaceuticals) | 12 | ||||||
269 | JCDecaux SA (Media) (a) | 8 | ||||||
274 | Kering SA (Textiles, Apparel & Luxury Goods) | 180 | ||||||
738 | Klepierre (Equity Real Estate Investment Trusts) | 28 | ||||||
959 | Legrand SA (Electrical Equipment) | 78 | ||||||
916 | L’Oreal SA (Personal Products) | 271 | ||||||
1,009 | LVMH Moet Hennessy Louis Vuitton SE (Textiles, Apparel & Luxury Goods) | 470 | ||||||
3,413 | Natixism SA (Capital Markets) | 15 | ||||||
7,193 | Orange SA (Diversified Telecommunication Services) (a) | 106 | ||||||
767 | Pernod Ricard SA (Beverages) | 137 | ||||||
2,198 | Peugeot SA (Automobiles) | 53 | ||||||
811 | Publicis Groupe (Media) | 37 | ||||||
81 | Remy Cointreau SA (Beverages) | 10 | ||||||
721 | Renault SA (Automobiles) (a) | 34 | ||||||
1,184 | Safran SA (Aerospace & Defense) | 182 | ||||||
4,088 | Sanofi-Aventis (Pharmaceuticals) | 411 | ||||||
100 | Sartorius Stedim Biotech (Life Sciences Tools & Services) | 17 | ||||||
2,001 | Schneider Electric SA (Electrical Equipment) (a) | 205 | ||||||
531 | SCOR SE (Insurance) | 22 | ||||||
81 | SEB SA (Household Durables) | 12 |
See accompanying notes to financial statements.
89
HC CAPITAL TRUST
The ESG Growth Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
France (continued) |
| |||||||
3,002 | Societe Generale (Banks) | $ | 104 | |||||
320 | Sodexo SA (Hotels, Restaurants & Leisure) | 38 | ||||||
1,235 | Suez Environnement Co. (Multi-Utilities) | 19 | ||||||
219 | Teleperformance (Professional Services) | 53 | ||||||
400 | Thales SA (Aerospace & Defense) | 42 | ||||||
8,709 | Total SA (Oil, Gas & Consumable Fuels) | 481 | ||||||
302 | UbiSoft Entertainment SA (Entertainment) (b) | 21 | ||||||
518 | Unibail – Rodamco-Westfield (Equity Real Estate Investment Trusts) | 81 | ||||||
867 | Valeo SA (Auto Components) | 31 | ||||||
2,010 | Veolia Environnement (Multi-Utilities) | 53 | ||||||
1,849 | Vinci SA (Construction & Engineering) | 205 | ||||||
3,073 | Vivendi SA (Entertainment) | 89 | ||||||
103 | Wendel SA (Diversified Financial Services) | 14 | ||||||
366 | Worldline SA (IT Services) (a)(b) | 26 | ||||||
|
| |||||||
5,705 | ||||||||
|
| |||||||
Germany — 2.71% |
| |||||||
653 | Adidas AG (Textiles, Apparel & Luxury Goods) | 212 | ||||||
1,539 | Allianz SE (Insurance) | 378 | ||||||
3,383 | Aroundtown SA (Real Estate Management & Development) (a) | 30 | ||||||
3,327 | BASF SE (Chemicals) | 251 | ||||||
3,379 | Bayer AG (Pharmaceuticals) | 276 | ||||||
1,193 | Bayerische Motoren Werke AG (Automobiles) | 98 | ||||||
378 | Beiersdorf AG (Personal Products) | 45 | ||||||
558 | Brenntag AG (Trading Companies & Distributors) | 30 | ||||||
146 | Carl Zeiss Meditec AG (Health Care Equipment & Supplies) | 19 | ||||||
3,617 | Commerzbank AG (Banks) | 22 | ||||||
413 | Continental AG (Auto Components) | 53 | ||||||
628 | Covestro AG (Chemicals) (a) | 29 | ||||||
3,290 | Daimler AG, Registered Shares (Automobiles) | 182 | ||||||
406 | Delivery Hero SE (Internet & Direct Marketing Retail) (a)(b) | 32 | ||||||
7,363 | Deutsche Bank AG (Capital Markets) | 57 | ||||||
685 | Deutsche Boerse AG (Capital Markets) | 108 | ||||||
858 | Deutsche Lufthansa AG, Registered Shares (Airlines) | 16 | ||||||
3,573 | Deutsche Post AG (Air Freight & Logistics) | 136 | ||||||
12,063 | Deutsche Telekom AG (Diversified Telecommunication Services) | 197 | ||||||
1,339 | Deutsche Wohnen AG (Real Estate Management & Development) | 55 | ||||||
8,079 | E.ON AG (Multi-Utilities) | 87 | ||||||
673 | Evonik Industries AG (Chemicals) (a) | 21 | ||||||
150 | Fraport AG (Transportation Infrastructure) | 13 | ||||||
762 | Fresenius Medical Care AG & Co. KGAA (Health Care Providers & Services) | 56 | ||||||
1,503 | Fresenius SE & Co. KGAA (Health Care Providers & Services) | 85 | ||||||
554 | GEA Group AG (Machinery) | 18 | ||||||
218 | Hannover Rueckversicherung AG (Insurance) | 42 | ||||||
558 | HeidelbergCement AG (Construction Materials) | 41 | ||||||
375 | Henkel AG & Co. KGAA (Household Products) | 35 | ||||||
94 | Hochtief AG (Construction & Engineering) (a) | 12 |
Shares | Security Description | Value (000) | ||||||
Germany (continued) |
| |||||||
4,506 | Infineon Technologies AG (Semiconductors & Semiconductor Equipment) | $ | 103 | |||||
247 | KION Group AG (Machinery) (a) | 17 | ||||||
174 | Knorr-Bremse AG (Machinery) | 18 | ||||||
314 | Lanxess AG (Chemicals) | 21 | ||||||
484 | Merck KGAA (Pharmaceuticals) | 57 | ||||||
650 | Metro AG (Food & Staples Retailing) | 10 | ||||||
195 | MTU Aero Engines AG (Aerospace & Defense) | 56 | ||||||
522 | Muenchener Rueckversicherungs-Gesellschaft AG (Insurance) | 154 | ||||||
300 | Puma SE (Textiles, Apparel & Luxury Goods) | 23 | ||||||
2,161 | RWE AG (Multi-Utilities) | 66 | ||||||
3,566 | SAP SE (Software) | 482 | ||||||
129 | Sartorius AG (Health Care Equipment & Supplies) | 27 | ||||||
2,774 | Siemens AG (Industrial Conglomerates) | 363 | ||||||
542 | Siemens Healthineers AG (Health Care Equipment & Supplies) (a) | 26 | ||||||
482 | Symrise AG (Chemicals) (a) | 51 | ||||||
3,222 | Telefonica Deutschland Holding AG (Diversified Telecommunication Services) | 9 | ||||||
1,461 | thyssenkrupp AG (Metals & Mining) | 20 | ||||||
1,592 | TUI AG (Hotels, Restaurants & Leisure) | 20 | ||||||
696 | Uniper SE (Independent Power and Renewable Electricity Producers) | 23 | ||||||
1,884 | Vonovia SE (Real Estate Management & Development) | 101 | ||||||
441 | Wirecard AG (IT Services) | 53 | ||||||
536 | Zalando SE (Internet & Direct Marketing Retail) (a)(b) | 27 | ||||||
|
| |||||||
4,363 | ||||||||
|
| |||||||
Hong Kong — 1.08% |
| |||||||
43,800 | AIA Group Ltd. (Insurance) | 459 | ||||||
1,100 | ASM Pacific Technology Ltd. (Semiconductors & Semiconductor Equipment) (a) | 15 | ||||||
14,000 | BOC Hong Kong (Holdings) Ltd. (Banks) | 49 | ||||||
4,400 | Budweiser Brewing Co. Apac Ltd. | 15 | ||||||
9,500 | CK Asset Holdings Ltd. (Real Estate Management & Development) | 68 | ||||||
9,500 | CK Hutchison Holdings Ltd. (Industrial Conglomerates) | 91 | ||||||
2,500 | CK Infrastructure Holdings Ltd. (Electric Utilities) | 18 | ||||||
6,000 | CLP Holdings Ltd. (Electric Utilities) | 63 | ||||||
8,000 | Galaxy Entertainment Group Ltd. (Hotels, Restaurants & Leisure) | 59 | ||||||
8,000 | Hang Lung Properties Ltd. (Real Estate Management & Development) | 18 | ||||||
2,700 | Hang Seng Bank Ltd. (Banks) | 56 | ||||||
5,000 | Henderson Land Development Co. Ltd. (Real Estate Management & Development) | 25 | ||||||
9,500 | HK Electric Investments Ltd. (Electric Utilities) | 9 | ||||||
14,000 | HKT Trust & HKT Ltd. (Diversified Telecommunication Services) (a) | 20 | ||||||
38,000 | Hong Kong & China Gas Co. Ltd. (Gas Utilities) | 74 | ||||||
4,300 | Hong Kong Exchanges & Clearing Ltd. (Capital Markets) | 140 |
See accompanying notes to financial statements.
90
HC CAPITAL TRUST
The ESG Growth Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Hong Kong (continued) | ||||||||
2,500 | Kerry Properties Ltd. (Real Estate Management & Development) | $ | 8 | |||||
747 | Melco Resorts & Entertainment Ltd., ADR (Hotels, Restaurants & Leisure) | 18 | ||||||
5,500 | MTR Corp. Ltd. (Road & Rail) | 33 | ||||||
21,000 | New World Development Co. Ltd. (Real Estate Management & Development) | 29 | ||||||
6,000 | NWS Holdings Ltd. (Industrial Conglomerates) | 8 | ||||||
15,000 | PCCW Ltd. (Diversified Telecommunication Services) (a) | 9 | ||||||
5,000 | Power Assets Holdings Ltd. (Electric Utilities) | 37 | ||||||
9,200 | Sands China Ltd. (Hotels, Restaurants & Leisure) | 49 | ||||||
12,000 | Sino Land Co. Ltd. (Real Estate Management & Development) | 17 | ||||||
5,500 | Sun Hung Kai Properties Ltd. (Real Estate Management & Development) | 83 | ||||||
2,000 | Swire Pacific Ltd., Class – A (Real Estate Management & Development) | 19 | ||||||
4,200 | Swire Properties Ltd. (Real Estate Management & Development) | 14 | ||||||
5,000 | Techtronic Industries Co. Ltd. (Household Durables) | 41 | ||||||
4,626 | The Bank of East Asia Ltd. (Banks) | 10 | ||||||
7,500 | The Link Real Estate Investment Trust (Equity Real Estate Investment Trusts) | 79 | ||||||
2,000 | Vitasoy International Holdings Ltd. (Food Products) | 7 | ||||||
34,500 | WH Group Ltd. (Food Products) (a) | 36 | ||||||
4,000 | Wharf Real Estate Investment Co. Ltd. (Real Estate Management & Development) | 24 | ||||||
3,000 | Wheelock & Co. Ltd. (Real Estate Management & Development) | 20 | ||||||
5,600 | Wynn Macau Ltd. (Hotels, Restaurants & Leisure) | 14 | ||||||
|
| |||||||
1,734 | ||||||||
|
| |||||||
Ireland (Republic of) — 0.88% |
| |||||||
2,940 | AIB Group PLC (Banks) | 10 | ||||||
342 | Allegion PLC (Building Products) | 42 | ||||||
3,507 | Bank of Ireland Group PLC (Banks) | 19 | ||||||
2,876 | CRH PLC (Construction Materials) (a) | 115 | ||||||
354 | DCC PLC (Industrial Conglomerates) (a) | 31 | ||||||
1,518 | Eaton Corp. PLC (Electrical Equipment) | 144 | ||||||
3,285 | Experian PLC (Professional Services) | 111 | ||||||
283 | Flutter Entertainment PLC (Hotels, Restaurants & Leisure) | 34 | ||||||
900 | Ingersoll-Rand PLC (Machinery) | 120 | ||||||
1,597 | James Hardie Industries PLC (Construction Materials) | 31 | ||||||
595 | Kerry Group PLC (Food Products) | 74 | ||||||
553 | Kingspan Group PLC (Building Products) | 34 | ||||||
4,870 | Medtronic PLC (Health Care Equipment & Supplies) | 554 | ||||||
588 | Pentair PLC (Machinery) | 27 | ||||||
815 | Smurfit Kappa Group PLC (Containers & Packaging) | 31 | ||||||
317 | STERIS PLC (Health Care Equipment & Supplies) | 48 | ||||||
|
| |||||||
1,425 | ||||||||
|
|
Shares | Security Description | Value (000) | ||||||
Isle of Man — 0.02% |
| |||||||
2,101 | GVC Holdings PLC (Hotels, Restaurants & Leisure) | $ | 25 | |||||
|
| |||||||
Israel — 0.16% |
| |||||||
153 | Azrieli Group (Real Estate Management & Development) | 11 | ||||||
4,094 | Bank Hapoalim BM (Banks) | 34 | ||||||
5,600 | Bank Leumi Le (Banks) | 42 | ||||||
451 | Checkpoint Software Technologies Ltd. (Software) (b) | 50 | ||||||
130 | CyberArk Software Ltd. (Software) (b) | 15 | ||||||
85 | Elbit Systems Ltd. (Aerospace & Defense) | 13 | ||||||
2,543 | Israel Chemicals Ltd. (Chemicals) (a) | 12 | ||||||
4,204 | Israel Discount Bank, Class – A (Banks) | 19 | ||||||
506 | Mizrahi Tefahot Bank Ltd. (Banks) | 13 | ||||||
224 | Nice Ltd. (Software) (b) | 35 | ||||||
177 | Wix.com Ltd. (IT Services) (b) | 22 | ||||||
|
| |||||||
266 | ||||||||
|
| |||||||
Italy — 0.69% |
| |||||||
3,952 | Assicurazioni Generali SpA (Insurance) | 82 | ||||||
1,858 | Atlantia SpA (Transportation Infrastructure) | 43 | ||||||
2,097 | Davide Campari – Milano SpA (Beverages) | 19 | ||||||
29,454 | Enel SpA (Electric Utilities) (a) | 234 | ||||||
9,190 | Eni SpA (Oil, Gas & Consumable Fuels) | 142 | ||||||
433 | Ferrari N.V. (Automobiles) | 72 | ||||||
2,384 | FinecoBank Banca Fineco SpA (Banks) | 29 | ||||||
53,769 | Intesa Sanpaolo SpA (Banks) (a) | 141 | ||||||
1,461 | Leonardo SpA (Aerospace & Defense) | 17 | ||||||
2,242 | Mediobanca SpA (Banks) | 25 | ||||||
646 | Moncler SpA (Textiles, Apparel & Luxury Goods) | 29 | ||||||
1,444 | Pirelli & C SpA (Auto Components) (a) | 8 | ||||||
1,887 | Poste Italiane SpA (Insurance) (a) | 21 | ||||||
871 | Prusmian SpA (Electrical Equipment) | 21 | ||||||
377 | Recordati SpA (Pharmaceuticals) | 16 | ||||||
7,516 | Snam SpA (Oil, Gas & Consumable Fuels) | 40 | ||||||
32,939 | Telecom Italia SpA (Diversified Telecommunication Services) (b) | 21 | ||||||
21,767 | Telecom Italia SpA (Diversified Telecommunication Services) | 13 | ||||||
5,081 | Terna – Rete Elettrica Nazionale SpA (Electric Utilities) | 34 | ||||||
7,247 | Unicredit SpA (Banks) | 106 | ||||||
|
| |||||||
1,113 | ||||||||
|
| |||||||
Japan — 7.52% |
| |||||||
700 | Advantest Corp. (Semiconductors & Semiconductor Equipment) (a) | 40 | ||||||
2,300 | Aeon Co. Ltd. (Food & Staples Retailing) | 48 | ||||||
400 | AEON Credit Service Co. Ltd. (Consumer Finance) | 6 | ||||||
400 | AEON Mall Co. Ltd. (Real Estate Management & Development) | 7 | ||||||
600 | Air Water, Inc. (Chemicals) | 9 | ||||||
1,600 | Ajinomoto Co., Inc. (Food Products) | 27 | ||||||
700 | Alfresa Holdings Corp. (Health Care Providers & Services) | 14 | ||||||
800 | ALPS Alpine Co. Ltd. (Electronic Equipment, Instruments & Components) | 18 |
See accompanying notes to financial statements.
91
HC CAPITAL TRUST
The ESG Growth Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Japan (continued) |
| |||||||
1,200 | Amada Holdings Co. Ltd. (Machinery) | $ | 14 | |||||
400 | ANA Holdings, Inc. (Airlines) | 13 | ||||||
400 | Aozora Bank Ltd. (Banks) | 11 | ||||||
700 | Asahi Glass Co. Ltd. (Building Products) | 25 | ||||||
1,300 | Asahi Group Holdings Ltd. (Beverages) | 60 | ||||||
700 | Asahi Intecc Co. Ltd. (Health Care Equipment & Supplies) | 21 | ||||||
4,600 | Asahi Kasei Corp. (Chemicals) | 52 | ||||||
7,000 | Astellas Pharma, Inc. (Pharmaceuticals) | 120 | ||||||
300 | Benesse Holdings, Inc. (Diversified Consumer Services) | 8 | ||||||
2,100 | Bridgestone Corp. (Auto Components) | 79 | ||||||
800 | Brother Industries Ltd. (Technology Hardware, Storage & Peripherals) | 17 | ||||||
300 | CALBEE, Inc. (Food Products) | 10 | ||||||
3,700 | Canon, Inc. (Technology Hardware, Storage & Peripherals) | 102 | ||||||
700 | Casio Computer Co. Ltd. (Household Durables) | 14 | ||||||
500 | Central Japan Railway Co. (Road & Rail) | 101 | ||||||
2,400 | Chubu Electric Power Co. Inc. (Electric Utilities) | 34 | ||||||
800 | Chugai Pharmaceutical Co. Ltd. (Pharmaceuticals) | 74 | ||||||
3,900 | Concordia Financial Group Ltd. (Banks) | 16 | ||||||
600 | Credit Saison Co. Ltd. (Consumer Finance) | 11 | ||||||
400 | CyberAgent, Inc. (Media) | 14 | ||||||
900 | Dai Nippon Printing Co. Ltd. (Commercial Services & Supplies) | 25 | ||||||
900 | Daicel Corp. (Chemicals) | 9 | ||||||
400 | Daifuku Co. Ltd. (Machinery) | 25 | ||||||
2,000 | Daiichi Sankyo Co. Ltd. (Pharmaceuticals) | 133 | ||||||
900 | Daikin Industries Ltd. (Building Products) | 129 | ||||||
600 | Dainippon Sumitomo Pharma Co. Ltd. (Pharmaceuticals) | 12 | ||||||
300 | Daito Trust Construction Co. Ltd. (Real Estate Management & Development) | 37 | ||||||
2,100 | Daiwa House Industry Co. Ltd. (Real Estate Management & Development) | 66 | ||||||
5,500 | Daiwa Securities Group, Inc. (Capital Markets) | 28 | ||||||
1,600 | Denso Corp. (Auto Components) | 73 | ||||||
100 | Disco Corp. (Semiconductors & Semiconductor Equipment) | 24 | ||||||
1,100 | East Japan Railway Co. (Road & Rail) | 100 | ||||||
900 | Eisai Co. Ltd. (Pharmaceuticals) | 68 | ||||||
500 | Electric Power Development Co. Ltd. (Independent Power and Renewable Electricity Producers) | 12 | ||||||
900 | FamilyMart Co. Ltd. (Food & Staples Retailing) | 22 | ||||||
700 | Fanuc Ltd. (Machinery) | 130 | ||||||
200 | Fast Retailing Co. Ltd. (Specialty Retail) | 120 | ||||||
500 | Fuji Electric Co. Ltd. (Electrical Equipment) | 15 | ||||||
1,300 | FUJIFILM Holdings Corp. (Technology Hardware, Storage & Peripherals) | 63 | ||||||
700 | Fujitsu Ltd. (IT Services) (a) | 67 | ||||||
100 | GMO Payment Gateway, Inc. (IT Services) | 7 | ||||||
900 | Hakuhodo DY Holdings, Inc. (Media) | 15 | ||||||
800 | Hankyu Hanshin Holdings, Inc. (Road & Rail) | 34 | ||||||
100 | Hikari Tsushin, Inc. (Specialty Retail) | 25 | ||||||
1,000 | Hino Motors Ltd. (Machinery) | 11 |
Shares | Security Description | Value (000) | ||||||
Japan (continued) |
| |||||||
100 | Hirose Electric Co. Ltd. (Electronic Equipment, Instruments & Components) | $ | 13 | |||||
200 | Hisamitsu Pharmaceutical Co., Inc. (Pharmaceuticals) | 10 | ||||||
400 | Hitachi Chemical Co. Ltd. (Chemicals) | 17 | ||||||
400 | Hitachi Construction Machinery Co. Ltd. (Machinery) | 12 | ||||||
200 | Hitachi High-Technologies Corp. (Electronic Equipment, Instruments & Components) | 14 | ||||||
3,500 | Hitachi Ltd. (Electronic Equipment, Instruments & Components) | 149 | ||||||
800 | Hitachi Metals Ltd. (Metals & Mining) | 12 | ||||||
5,900 | Honda Motor Co. Ltd. (Automobiles) | 168 | ||||||
200 | Hoshizaki Corp. (Machinery) | 18 | ||||||
1,400 | HOYA Corp. (Health Care Equipment & Supplies) | 134 | ||||||
1,000 | Hulic Co. Ltd. (Real Estate Management & Development) | 12 | ||||||
700 | Idemitsu Kosan Co. Ltd. (Oil, Gas & Consumable Fuels) (a) | 20 | ||||||
500 | IHI Corp. (Machinery) | 12 | ||||||
3,700 | INPEX Corp. (Oil, Gas & Consumable Fuels) | 39 | ||||||
1,100 | Isetan Mitsukoshi Holdings Ltd. (Multiline Retail) | 10 | ||||||
2,000 | Isuzu Motors Ltd. (Automobiles) | 24 | ||||||
4,900 | ITOCHU Corp. (Trading Companies & Distributors) | 115 | ||||||
400 | ITOCHU Techno-Solutions Corp. (IT Services) | 11 | ||||||
800 | J. Front Retailing Co. Ltd. (Multiline Retail) | 11 | ||||||
400 | Japan Airlines Co. Ltd. (Airlines) | 13 | ||||||
200 | Japan Airport Terminal Co. Ltd. (Transportation Infrastructure) | 11 | ||||||
1,800 | Japan Exchange Group, Inc. (Capital Markets) | 32 | ||||||
1,500 | Japan Post Bank Co. Ltd. (Banks) | 14 | ||||||
5,900 | Japan Post Holdings Co. Ltd. (Insurance) (a) | 56 | ||||||
3 | Japan Prime Realty Investment Corp. (Equity Real Estate Investment Trusts) | 13 | ||||||
5 | Japan Real Estate Investment Corp. (Equity Real Estate Investment Trusts) | 33 | ||||||
10 | Japan Retail Fund Investment Corp. (Equity Real Estate Investment Trusts) | 21 | ||||||
1,800 | JFE Holdings, Inc. (Metals & Mining) | 23 | ||||||
800 | JGC Holdings Corp. (Construction & Engineering) | 13 | ||||||
700 | JSR Corp. (Chemicals) | 13 | ||||||
700 | JTEKT Corp. (Machinery) | 8 | ||||||
11,300 | JXTG Holdings, Inc. (Oil, Gas & Consumable Fuels) | 51 | ||||||
1,700 | Kajima Corp. (Construction & Engineering) | 23 | ||||||
500 | Kakaku.com, Inc. (Interactive Media & Services) | 13 | ||||||
400 | Kamigumi Co. Ltd. (Transportation Infrastructure) | 9 | ||||||
700 | Kansai Paint Co. Ltd. (Chemicals) | 17 | ||||||
1,700 | Kao Corp. (Personal Products) | 141 | ||||||
500 | Kawasaki Heavy Industries Ltd. (Machinery) | 11 | ||||||
6,400 | KDDI Corp. (Wireless Telecommunication Services) | 192 | ||||||
300 | Keihan Holdings Co. Ltd. (Industrial Conglomerates) | 14 | ||||||
800 | Keikyu Corp. (Road & Rail) | 16 | ||||||
400 | Keio Corp. (Road & Rail) | 24 | ||||||
500 | Keisei Electric Railway Co. Ltd. (Road & Rail) | 20 |
See accompanying notes to financial statements.
92
HC CAPITAL TRUST
The ESG Growth Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Japan (continued) |
| |||||||
700 | Keyence Corp. (Electronic Equipment, Instruments & Components) | $ | 248 | |||||
500 | Kikkoman Corp. (Food Products) | 25 | ||||||
600 | Kintetsu Group Holdings Co. Ltd. (Road & Rail) | 33 | ||||||
3,100 | Kirin Holdings Co. Ltd., Class – C (Beverages) | 68 | ||||||
200 | Kobayashi Pharmaceutical Co. Ltd. (Personal Products) | 17 | ||||||
3,300 | Komatsu Ltd. (Machinery) | 80 | ||||||
300 | Konami Holdings Corp. (Entertainment) | 12 | ||||||
1,500 | Konica Minolta, Inc. (Technology Hardware, Storage & Peripherals) | 10 | ||||||
100 | Kose Corp. (Personal Products) | 15 | ||||||
3,900 | Kubota Corp. (Machinery) | 62 | ||||||
1,200 | Kuraray Co. Ltd. (Chemicals) | 15 | ||||||
400 | Kurita Water Industries Ltd. (Machinery) | 12 | ||||||
1,200 | Kyocera Corp. (Electronic Equipment, Instruments & Components) | 83 | ||||||
900 | Kyowa Kirin Co. Ltd. (Pharmaceuticals) | 21 | ||||||
1,400 | Kyushu Electric Power Co., Inc. (Electric Utilities) | 12 | ||||||
600 | Kyushu Railway Co. (Road & Rail) | 20 | ||||||
200 | Lawson, Inc. (Food & Staples Retailing) | 11 | ||||||
200 | LINE Corp. (Interactive Media & Services) (b) | 10 | ||||||
800 | Lion Corp. (Household Products) | 16 | ||||||
1,000 | LIXIL Group Corp. (Building Products) | 17 | ||||||
5,600 | Marubeni Corp. (Trading Companies & Distributors) | 42 | ||||||
700 | Marui Group Co. Ltd. (Multiline Retail) | 17 | ||||||
2,100 | Mazda Motor Corp. (Automobiles) | 18 | ||||||
200 | McDonald’s Holdings Co. (Japan) Ltd. (Hotels, Restaurants & Leisure) | 10 | ||||||
3,200 | Mebuki Financial Group, Inc. (Banks) | 8 | ||||||
700 | Medipal Holdings Corp. (Health Care Providers & Services) | 16 | ||||||
400 | MEIJI Holdings Co. Ltd. (Food Products) | 27 | ||||||
300 | Mercari, Inc. (Internet & Direct Marketing Retail) (b) | 6 | ||||||
1,400 | MINEBEA MITSUMI, Inc. (Machinery) | 29 | ||||||
1,100 | MISUMI Group, Inc. (Machinery) | 28 | ||||||
4,800 | Mitsubishi Chemical Holdings Corp. (Chemicals) | 36 | ||||||
4,900 | Mitsubishi Corp. (Trading Companies & Distributors) | 132 | ||||||
6,600 | Mitsubishi Electric Corp. (Electrical Equipment) | 91 | ||||||
4,400 | Mitsubishi Estate Co. Ltd. (Real Estate Management & Development) | 85 | ||||||
600 | Mitsubishi Gas Chemical Co., Inc. (Chemicals) | 9 | ||||||
1,200 | Mitsubishi Heavy Industries Ltd. (Machinery) | 47 | ||||||
400 | Mitsubishi Materials Corp. (Metals & Mining) | 11 | ||||||
800 | Mitsubishi Tanabe Pharma Corp. (Pharmaceuticals) | 15 | ||||||
44,600 | Mitsubishi UFJ Financial Group, Inc. (Banks) | 243 | ||||||
1,500 | Mitsubishi UFJ Lease & Finance Co. Ltd. (Diversified Financial Services) | 10 | ||||||
6,000 | Mitsui & Co. Ltd. (Trading Companies & Distributors) | 107 | ||||||
700 | Mitsui Chemicals, Inc. (Chemicals) | 17 | ||||||
3,200 | Mitsui Fudosan Co. Ltd. (Real Estate Management & Development) | 79 |
Shares | Security Description | Value (000) | ||||||
Japan (continued) |
| |||||||
400 | Mitsui O.S.K. Lines Ltd. (Marine) | $ | 11 | |||||
87,100 | Mizuho Financial Group, Inc. (Banks) | 135 | ||||||
500 | MonotaRO Co. Ltd. (Trading Companies & Distributors) | 13 | ||||||
1,700 | MS&AD Insurance Group Holdings, Inc. (Insurance) | 57 | ||||||
2,100 | Murata Manufacturing Co. Ltd. (Electronic Equipment, Instruments & Components) | 130 | ||||||
400 | Nabtesco Corp. (Machinery) | 12 | ||||||
700 | Nagoya Railroad Co. Ltd. (Road & Rail) | 22 | ||||||
900 | NEC Corp. (Technology Hardware, Storage & Peripherals) | 37 | ||||||
900 | NGK Insulators Ltd. (Machinery) | 16 | ||||||
600 | NGK Spark Plug Co. Ltd. (Auto Components) | 12 | ||||||
300 | NH Foods Ltd. (Food Products) | 12 | ||||||
800 | Nidec Corp. (Electrical Equipment) | 111 | ||||||
1,200 | Nikon Corp. (Household Durables) | 15 | ||||||
400 | Nintendo Co. Ltd. (Entertainment) | 162 | ||||||
5 | Nippon Building Fund, Inc. (Equity Real Estate Investment Trusts) | 37 | ||||||
300 | Nippon Express Co. Ltd. (Road & Rail) | 18 | ||||||
500 | Nippon Paint Holdings Co. Ltd. (Chemicals) | 26 | ||||||
7 | Nippon Prologis REIT, Inc. (Equity Real Estate Investment Trusts) (a) | 18 | ||||||
2,900 | Nippon Steel Corp. (Metals & Mining) (a) | 45 | ||||||
4,600 | Nippon Telegraph & Telephone Corp. (Diversified Telecommunication Services) | 117 | ||||||
600 | Nippon Yusen Kabushiki Kaisha (Marine) | 11 | ||||||
500 | Nissan Chemical Corp. (Chemicals) | 21 | ||||||
700 | Nisshin Seifun Group, Inc. (Food Products) | 12 | ||||||
200 | Nissin Foods Holdings Co. Ltd. (Food Products) | 15 | ||||||
300 | Nitori Holdings Co. Ltd. (Specialty Retail) | 48 | ||||||
600 | Nitto Denko Corp. (Chemicals) | 34 | ||||||
12,400 | Nomura Holdings, Inc. (Capital Markets) | 64 | ||||||
500 | Nomura Real Estate Holdings, Inc. (Real Estate Management & Development) | 12 | ||||||
15 | Nomura Real Estate Master Fund, Inc. (Equity Real Estate Investment Trusts) | 26 | ||||||
1,300 | Nomura Research Institute Ltd. (IT Services) | 28 | ||||||
1,300 | NSK Ltd. (Machinery) | 12 | ||||||
2,400 | NTT Data Corp. (IT Services) | 32 | ||||||
4,800 | NTT DoCoMo, Inc. (Wireless Telecommunication Services) | 134 | ||||||
2,400 | Obayashi Corp. (Construction & Engineering) | 27 | ||||||
1,100 | Odakyu Electric Railway Co. Ltd. (Road & Rail) | 26 | ||||||
3,100 | Oji Paper Co. Ltd. (Paper & Forest Products) | 17 | ||||||
700 | OMRON Corp. (Electronic Equipment, Instruments & Components) | 41 | ||||||
1,400 | Ono Pharmaceutical Co. Ltd. (Pharmaceuticals) | 32 | ||||||
100 | Oracle Corp. Japan (Software) | 9 | ||||||
700 | Oriental Land Co. Ltd. (Hotels, Restaurants & Leisure) | 96 | ||||||
4,800 | ORIX Corp. (Diversified Financial Services) | 80 | ||||||
1,400 | Osaka Gas Co. Ltd. (Gas Utilities) | 27 | ||||||
400 | OTSUKA Corp. (IT Services) | 16 | ||||||
1,400 | Otsuka Holdings Co. Ltd. (Pharmaceuticals) | 63 | ||||||
1,700 | Pan Pacific International Holdings Corp. (Multiline Retail) | 29 |
See accompanying notes to financial statements.
93
HC CAPITAL TRUST
The ESG Growth Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Japan (continued) |
| |||||||
7,900 | Panasonic Corp. (Household Durables) | $ | 75 | |||||
400 | Park24 Co. Ltd. (Commercial Services & Supplies) | 10 | ||||||
700 | Persol Holdings Co. Ltd. (Professional Services) | 13 | ||||||
3,100 | Rakuten, Inc. (Internet & Direct Marketing Retail) | 27 | ||||||
4,900 | Recruit Holdings Co. Ltd. (Professional Services) (a) | 185 | ||||||
7,600 | Resona Holdings, Inc. (Banks) | 34 | ||||||
2,400 | Ricoh Co. Ltd. (Technology Hardware, Storage & Peripherals) | 26 | ||||||
100 | Rinnai Corp. (Household Durables) | 8 | ||||||
300 | Rohm Co. Ltd. (Semiconductors & Semiconductor Equipment) | 24 | ||||||
200 | Sankyo Co. Ltd. (Leisure Products) | 7 | ||||||
1,400 | Santen Pharmaceutical Co. Ltd. (Pharmaceuticals) | 27 | ||||||
800 | SECOM Co. Ltd. (Commercial Services & Supplies) | 72 | ||||||
600 | Sega Sammy Holdings, Inc. (Leisure Products) | 9 | ||||||
700 | Seibu Holdings, Inc. (Industrial Conglomerates) | 12 | ||||||
1,000 | Seiko Epson Corp. (Technology Hardware, Storage & Peripherals) | 15 | ||||||
1,400 | Sekisui Chemical Co. Ltd. (Household Durables) | 25 | ||||||
2,300 | Sekisui House Ltd. (Household Durables) | 49 | ||||||
2,800 | Seven & I Holdings Co. Ltd. (Food & Staples Retailing) | 103 | ||||||
2,200 | Seven Bank Ltd. (Banks) | 7 | ||||||
500 | SG Holdings Co. Ltd. (Air Freight & Logistics) | 11 | ||||||
800 | Sharp Corp. (Household Durables) (a) | 12 | ||||||
800 | Shimadzu Corp. (Electronic Equipment, Instruments & Components) | 25 | ||||||
300 | Shimano, Inc. (Leisure Products) | 48 | ||||||
2,100 | Shimizu Corp. (Construction & Engineering) | 22 | ||||||
1,300 | Shin-Etsu Chemical Co. Ltd. (Chemicals) | 145 | ||||||
600 | Shinsei Bank Ltd. (Banks) (a) | 9 | ||||||
1,000 | Shionogi & Co. Ltd. (Pharmaceuticals) | 62 | ||||||
1,400 | Shiseido Co. Ltd. (Personal Products) | 100 | ||||||
500 | Showa Denko KK (Chemicals) | 13 | ||||||
6,000 | Softbank Corp. (Wireless Telecommunication Services) | 81 | ||||||
5,700 | SoftBank Group Corp. (Wireless Telecommunication Services) | 249 | ||||||
300 | Sohgo Security Services Co. Ltd. (Commercial Services & Supplies) | 16 | ||||||
1,200 | Sompo Holdings, Inc. (Insurance) | 47 | ||||||
4,600 | Sony Corp. (Household Durables) | 313 | ||||||
500 | Stanley Electric Co. Ltd. (Auto Components) | 15 | ||||||
5,600 | Sumitomo Chemical Co. Ltd. (Chemicals) | 26 | ||||||
4,300 | Sumitomo Corp. (Trading Companies & Distributors) | 64 | ||||||
2,700 | Sumitomo Electric Industries Ltd. (Auto Components) | 41 | ||||||
400 | Sumitomo Heavy Industries Ltd. (Machinery) | 12 | ||||||
900 | Sumitomo Metal Mining Co. Ltd. (Metals & Mining) | 29 | ||||||
4,800 | Sumitomo Mitsui Financial Group, Inc. (Banks) | 178 | ||||||
1,200 | Sumitomo Mitsui Trust Holdings, Inc. (Banks) | 48 |
Shares | Security Description | Value (000) | ||||||
Japan (continued) |
| |||||||
600 | Sumitomo Rubber Industries Ltd. (Auto Components) | $ | 7 | |||||
300 | Sundrug Co. Ltd. (Food & Staples Retailing) | 11 | ||||||
500 | Suntory Beverage & Food Ltd. (Beverages) | 21 | ||||||
300 | Suzuken Co. Ltd. (Health Care Providers & Services) | 12 | ||||||
600 | Sysmex Corp. (Health Care Equipment & Supplies) | 41 | ||||||
2,000 | T&D Holdings, Inc. (Insurance) | 26 | ||||||
500 | Taiheiyo Cement Corp. (Construction Materials) | 15 | ||||||
700 | Taisei Corp. (Construction & Engineering) | 28 | ||||||
100 | Taisho Pharmaceutical Holdings Co. Ltd. (Pharmaceuticals) | 7 | ||||||
5,400 | Takeda Pharmaceutical Co. Ltd. (Pharmaceuticals) | 216 | ||||||
500 | TDK Corp. (Electronic Equipment, Instruments & Components) | 57 | ||||||
700 | Teijin Ltd. (Chemicals) | 13 | ||||||
2,400 | Terumo Corp. (Health Care Equipment & Supplies) | 86 | ||||||
2,000 | The Chiba Bank Ltd. (Banks) | 12 | ||||||
1,000 | The Chugoku Electric Power Company, Inc. (Electric Utilities) | 13 | ||||||
4,000 | TheDai-ichi Life Insurance Co. Ltd. (Insurance) | 67 | ||||||
2,500 | The Kansai Electric Power Co., Inc. (Electric Utilities) | 29 | ||||||
1,700 | The Shizuoka Bank Ltd. (Banks) | 13 | ||||||
400 | THK Co. Ltd. (Machinery) | 11 | ||||||
700 | Tobu Railway Co. Ltd. (Road & Rail) | 25 | ||||||
400 | Toho Co. Ltd. (Entertainment) | 17 | ||||||
300 | Toho Gas Co. Ltd. (Gas Utilities) | 12 | ||||||
1,500 | Tohoku Electric Power Co., Inc. (Electric Utilities) | 15 | ||||||
2,300 | Tokio Marine Holdings, Inc. (Insurance) | 129 | ||||||
100 | Tokyo Century Corp. (Diversified Financial Services) | 5 | ||||||
600 | Tokyo Electron Ltd. (Semiconductors & Semiconductor Equipment) | 132 | ||||||
2,200 | Tokyo Fudosan Holdings Corp. (Real Estate Management & Development) (a) | 15 | ||||||
1,400 | Tokyo Gas Co. Ltd. (Gas Utilities) | 34 | ||||||
1,900 | Tokyu Corp. (Road & Rail) | 35 | ||||||
1,000 | Toppan Printing Co. Ltd. (Commercial Services & Supplies) | 21 | ||||||
5,200 | Toray Industries, Inc. (Chemicals) | 35 | ||||||
900 | Tosoh Corp. (Chemicals) | 14 | ||||||
500 | TOTO Ltd. (Building Products) | 21 | ||||||
500 | Toyo Seikan Kaisha Ltd. (Containers & Packaging) | 9 | ||||||
300 | Toyo Suisan Kaisha Ltd. (Food Products) | 13 | ||||||
200 | Toyoda Gosei Co. Ltd. (Auto Components) | 5 | ||||||
8,300 | Toyota Motor Corp. (Automobiles) | 589 | ||||||
800 | Toyota Tsusho Corp. (Trading Companies & Distributors) | 28 | ||||||
500 | Trend Micro, Inc. (Software) | 26 | ||||||
100 | Tsuruha Holdings, Inc. (Food & Staples Retailing) | 13 | ||||||
1,500 | Unicharm Corp. (Household Products) | 51 | ||||||
10 | United Urban Investment Corp. (Equity Real Estate Investment Trusts) | 19 | ||||||
800 | USS Co. Ltd. (Specialty Retail) | 15 |
See accompanying notes to financial statements.
94
HC CAPITAL TRUST
The ESG Growth Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Japan (continued) |
| |||||||
200 | Welcia Holdings Co. Ltd. (Food & Staples Retailing) | $ | 13 | |||||
600 | West Japan Railway Co. (Road & Rail) | 52 | ||||||
400 | Yakult Honsha Co. Ltd. (Food Products) (a) | 22 | ||||||
2,300 | Yamada Denki Co. Ltd. (Specialty Retail) | 12 | ||||||
500 | Yamaha Corp. (Leisure Products) | 28 | ||||||
1,000 | Yamaha Motor Co. Ltd. (Automobiles) | 20 | ||||||
1,000 | Yamato Holdings Co. Ltd. (Air Freight & Logistics) | 18 | ||||||
500 | Yamazaki Baking Co. Ltd. (Food Products) | 9 | ||||||
900 | Yaskawa Electric Corp. (Electronic Equipment, Instruments & Components) | 35 | ||||||
900 | Yokogawa Electric Corp. (Electronic Equipment, Instruments & Components) | 16 | ||||||
10,200 | Z Holdings Corp. (Interactive Media & Services) | 43 | ||||||
300 | ZOZO, Inc. (Internet & Direct Marketing Retail) | 6 | ||||||
|
| |||||||
12,116 | ||||||||
|
| |||||||
Jersey — 0.12% |
| |||||||
39,128 | Glencore International PLC (Metals & Mining) (a) | 122 | ||||||
4,523 | WPP PLC (Media) | 64 | ||||||
|
| |||||||
186 | ||||||||
|
| |||||||
Liberia — 0.05% |
| |||||||
641 | Royal Caribbean Cruises Ltd. (Hotels, Restaurants & Leisure) | 86 | ||||||
|
| |||||||
Luxembourg — 0.03% |
| |||||||
120 | Millicom International Cellular SA (Wireless Telecommunication Services) | 6 | ||||||
1,316 | SES – FDR, Class – A (Media) (a) | 18 | ||||||
1,705 | Tenaris SA (Energy Equipment & Services) | 19 | ||||||
|
| |||||||
43 | ||||||||
|
| |||||||
Netherlands — 1.46% |
| |||||||
1,528 | ABN AMRO Group N.V. (Banks) (a) | 28 | ||||||
38 | Adyen N.V. (IT Services) (a)(b) | 31 | ||||||
6,690 | AEGON N.V. (Insurance) | 31 | ||||||
477 | Aercap Holdings N.V. (Trading Companies & Distributors) (b) | 29 | ||||||
2,116 | Airbus SE (Aerospace & Defense) | 310 | ||||||
819 | Akzo Nobel N.V. (Chemicals) | 83 | ||||||
1,544 | ASML Holding N.V. (Semiconductors & Semiconductor Equipment) (a) | 456 | ||||||
3,754 | CNH Industrial N.V. (Machinery) | 41 | ||||||
408 | Exor N.V. (Diversified Financial Services) | 32 | ||||||
432 | Heineken Holding N.V., Class – A (Beverages) | 42 | ||||||
934 | Heineken N.V. (Beverages) | 99 | ||||||
14,092 | ING Groep N.V. (Banks) | 169 | ||||||
13,568 | Koninklijke (Royal) KPN N.V. (Diversified Telecommunication Services) | 40 | ||||||
4,268 | Koninklijke Ahold Delhaize N.V. (Food & Staples Retailing) | 107 | ||||||
677 | Koninklijke DSM N.V. (Chemicals) | 88 | ||||||
3,273 | Koninklijke Philips N.V. (Health Care Equipment & Supplies) | 160 | ||||||
253 | Koninklijke Vopak N.V. (Oil, Gas & Consumable Fuels) | 14 |
Shares | Security Description | Value (000) | ||||||
Netherlands (continued) |
| |||||||
966 | LyondellBasell Industries N.V., Class – A (Chemicals) | $ | 92 | |||||
1,089 | NN Group N.V. (Insurance) (a) | 41 | ||||||
1,006 | NXP Semiconductors N.V. (Semiconductors & Semiconductor Equipment) | 128 | ||||||
1,760 | Prosus N.V. (Internet & Direct Marketing Retail) (b) | 131 | ||||||
834 | QIAGEN N.V. (Life Sciences Tools & Services) (b) | 28 | ||||||
431 | Randstad N.V. (Professional Services) | 26 | ||||||
2,561 | STMicroelectronics N.V. (Semiconductors & Semiconductor Equipment) | 69 | ||||||
1,049 | Wolters Kluwer N.V. (Professional Services) | 77 | ||||||
|
| |||||||
2,352 | ||||||||
|
| |||||||
New Zealand — 0.09% |
| |||||||
2,648 | A2 Milk Co. Ltd. (Food Products) (b) | 27 | ||||||
3,489 | Auckland International Airport Ltd. (Transportation Infrastructure) | 21 | ||||||
2,071 | Fisher & Paykel Healthcare COR (Health Care Equipment & Supplies) | 30 | ||||||
3,082 | Fletcher Building Ltd. (Construction Materials) | 11 | ||||||
4,627 | Meridian Energy Ltd. (Independent Power and Renewable Electricity Producers) | 16 | ||||||
1,444 | Ryman Healthcare Ltd. (Health Care Providers & Services) | 16 | ||||||
6,631 | Spark New Zealand Ltd. (Diversified Telecommunication Services) | 19 | ||||||
|
| |||||||
140 | ||||||||
|
| |||||||
Norway — 0.21% |
| |||||||
390 | Aker BP ASA (Oil, Gas & Consumable Fuels) | 13 | ||||||
3,396 | DNB ASA (Banks) | 63 | ||||||
3,595 | Equinor ASA (Oil, Gas & Consumable Fuels) | 72 | ||||||
722 | Gjensidige Forsikring ASA (Insurance) | 15 | ||||||
1,645 | Mowi ASA (Food Products) | 43 | ||||||
4,856 | Norsk Hydro ASA (Metals & Mining) | 18 | ||||||
2,759 | Orkla ASA (Food Products) | 28 | ||||||
353 | Schibsted ASA (Media) (a) | 10 | ||||||
2,698 | Telenor ASA (Diversified Telecommunication Services) | 48 | ||||||
642 | Yara International ASA (Chemicals) | 27 | ||||||
|
| |||||||
337 | ||||||||
|
| |||||||
Papua New Guinea — 0.02% |
| |||||||
4,952 | Oil Search Ltd. (Oil, Gas & Consumable Fuels) | 25 | ||||||
|
| |||||||
Portugal — 0.05% |
| |||||||
9,590 | EDP – Energias de Portugal SA (Electric Utilities) (a) | 42 | ||||||
1,810 | Galp Energia SGPS SA, B Shares (Oil, Gas & Consumable Fuels) (a) | 30 | ||||||
909 | Jeronimo Martins, SGPS, SA (Food & Staples Retailing) | 15 | ||||||
|
| |||||||
87 | ||||||||
|
| |||||||
Singapore — 0.42% |
| |||||||
10,440 | Ascendas Real Estate Investment Trust (Equity Real Estate Investment Trusts) | 23 | ||||||
9,500 | CapitaLand Commercial Trust (Equity Real Estate Investment Trusts) | 14 |
See accompanying notes to financial statements.
95
HC CAPITAL TRUST
The ESG Growth Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Singapore (continued) |
| |||||||
9,300 | CapitaLand Ltd. (Real Estate Management & Development) | $ | 25 | |||||
9,300 | CapitaMall Trust (Equity Real Estate Investment Trusts) | 17 | ||||||
1,600 | City Developments Ltd. (Real Estate Management & Development) | 13 | ||||||
7,800 | ComfortDelGro Corp. Ltd. (Road & Rail) | 14 | ||||||
6,500 | DBS Group Holdings Ltd. (Banks) | 126 | ||||||
1,883 | Flex Ltd. (Electronic Equipment, Instruments & Components) (b) | 24 | ||||||
21,800 | Genting Singapore PLC (Hotels, Restaurants & Leisure) | 15 | ||||||
400 | Jardine Cycle & Carriage Ltd. (Distributors) | 9 | ||||||
5,300 | Keppel Corp. Ltd. (Industrial Conglomerates) | 27 | ||||||
11,713 | Oversea-Chinese Banking Corp. Ltd. (Banks) | 96 | ||||||
2,400 | SATS Ltd. (Transportation Infrastructure) (a) | 9 | ||||||
3,600 | SembCorp Industries Ltd. (Industrial Conglomerates) | 6 | ||||||
1,900 | Singapore Airlines Ltd. (Airlines) | 13 | ||||||
3,000 | Singapore Exchange Ltd. (Capital Markets) | 20 | ||||||
5,800 | Singapore Press Holdings Ltd. (Media) | 9 | ||||||
5,600 | Singapore Tech Engineering (Aerospace & Defense) | 16 | ||||||
29,300 | Singapore Telecommunications Ltd. (Diversified Telecommunication Services) | 73 | ||||||
6,800 | Suntec REIT (Equity Real Estate Investment Trusts) | 9 | ||||||
4,700 | United Overseas Bank Ltd. (Banks) | 92 | ||||||
1,700 | United Overseas Land Ltd. (Real Estate Management & Development) | 11 | ||||||
6,900 | Wilmar International Ltd. (Food Products) | 21 | ||||||
|
| |||||||
682 | ||||||||
|
| |||||||
Spain — 0.94% |
| |||||||
982 | ACS Actividades de Construccion y Servicios SA (Construction & Engineering) | 39 | ||||||
253 | Aena SME SA (Transportation Infrastructure) (a) | 48 | ||||||
1,557 | Amadeus IT Holding SA, A Shares (IT Services) | 127 | ||||||
24,083 | Banco Bilbao Vizcaya Argentaria SA (Banks) | 135 | ||||||
20,627 | Banco de Sabadell SA (Banks) | 24 | ||||||
60,203 | Banco Santander SA (Banks) (a) | 252 | ||||||
4,456 | Bankia SA (Banks) (a) | 10 | ||||||
2,434 | Bankinter SA (Banks) | 18 | ||||||
12,960 | CaixaBank SA (Banks) | 41 | ||||||
701 | Cellnex Telecom SA (Diversified Telecommunication Services) (a) | 30 | ||||||
198 | Cellnex Telecom SA (Diversified Telecommunication Services) (b) | 9 | ||||||
3,893 | Corporacion Mapfre (Insurance) | 10 | ||||||
819 | Enagas (Oil, Gas & Consumable Fuels) (a) | 21 | ||||||
1,147 | Endesa (Electric Utilities) | 31 | ||||||
1,815 | Ferrovial SA (Construction & Engineering) | 55 | ||||||
28 | Ferrovial SA (Construction & Engineering) (b) | 1 | ||||||
1,109 | Gas Natural SDG SA (Gas Utilities) | 28 | ||||||
1,077 | Grifols SA (Biotechnology) | 38 | ||||||
21,885 | Iberdrola SA (Electric Utilities) | 225 | ||||||
3,940 | Industria de Diseno Textil SA (Specialty Retail) | 139 |
Shares | Security Description | Value (000) | ||||||
Spain (continued) |
| |||||||
1,563 | Red Electrica Corp. (Electric Utilities) | $ | 31 | |||||
4,712 | Repsol SA (Oil, Gas & Consumable Fuels) | 74 | ||||||
861 | Siemens Gamesa Renewable Energy SA (Electrical Equipment) | 15 | ||||||
16,867 | Telefonica SA (Diversified Telecommunication Services) | 117 | ||||||
|
| |||||||
1,518 | ||||||||
|
| |||||||
Sweden — 0.81% |
| |||||||
1,137 | Alfa Laval AB (Machinery) | 29 | ||||||
3,606 | Assa Abloy AB, B Shares (Building Products) | 84 | ||||||
2,419 | Atlas Copco AB, A Shares (Machinery) | 96 | ||||||
1,463 | Atlas Copco AB, B Shares (Machinery) | 51 | ||||||
988 | Boliden AB (Metals & Mining) | 26 | ||||||
815 | Electrolux AB, B Shares (Household Durables) | 20 | ||||||
2,380 | Epiroc AB, Class – A (Machinery) | 29 | ||||||
1,408 | Epiroc AB, Class – B (Machinery) | 17 | ||||||
2,275 | Essity AG, Class – B (Household Products) | 73 | ||||||
3,004 | Hennes & Mauritz AB, B Shares (Specialty Retail) | 61 | ||||||
977 | Hexagon AB, Class – B (Electronic Equipment, Instruments & Components) | 55 | ||||||
1,508 | Husqvarna AB (Household Durables) | 12 | ||||||
327 | ICA Gruppen AB (Food & Staples Retailing) | 15 | ||||||
603 | Industrivarden AB, C Shares (Diversified Financial Services) | 15 | ||||||
1,640 | Investor AB, B Shares (Diversified Financial Services) | 89 | ||||||
873 | Kinnevik AB, B (Diversified Financial Services) | 21 | ||||||
274 | L E Lundbergforetagen AB (Diversified Financial Services) | 12 | ||||||
701 | Lundin Petroleum AB (Oil, Gas & Consumable Fuels) | 24 | ||||||
4,060 | Sandvik AB (Machinery) | 79 | ||||||
1,131 | Securitas AB, B Shares (Commercial Services & Supplies) | 20 | ||||||
6,103 | Skandinaviska Enskilda Banken AB, Class – A (Banks) | 57 | ||||||
1,282 | Skanska AB, B Shares (Construction & Engineering) | 29 | ||||||
1,372 | SKF AB, B Shares (Machinery) | 28 | ||||||
5,743 | Svenska Handelsbanken AB, A Shares (Banks) | 63 | ||||||
3,396 | Swedbank AB, A Shares (Banks) | 51 | ||||||
1,803 | Tele2 AB, B Shares (Wireless Telecommunication Services) | 26 | ||||||
11,072 | Telefonaktiebolaget LM Ericsson, B Shares (Communications Equipment) | 96 | ||||||
10,259 | Telia Co. AB (Diversified Telecommunication Services) (a) | 44 | ||||||
5,348 | Volvo AB, B Shares (Machinery) | 90 | ||||||
|
| |||||||
1,312 | ||||||||
|
| |||||||
Switzerland — 3.39% |
| |||||||
6,663 | ABB Ltd., Registered Shares (Electrical Equipment) | 161 | ||||||
571 | Adecco SA, Registered Shares (Professional Services) | 36 | ||||||
1,494 | Alcon, Inc. (Health Care Equipment & Supplies) (b) | 85 | ||||||
176 | Baloise Holding AG, Registered Shares (Insurance) | 32 |
See accompanying notes to financial statements.
96
HC CAPITAL TRUST
The ESG Growth Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Switzerland (continued) |
| |||||||
11 | Barry Callebaut AG (Food Products) | $ | 24 | |||||
4 | Chocoladefabriken Lindt & Sprungil AG (Food Products) | 31 | ||||||
1,651 | Chubb Ltd. (Insurance) | 258 | ||||||
719 | Clariant AG (Chemicals) | 16 | ||||||
725 | Coca-Cola HBC AG (Beverages) | 25 | ||||||
1,887 | Compagnie Financiere Richemont SA, Registered Shares (Textiles, Apparel & Luxury Goods) | 148 | ||||||
9,227 | Credit Suisse Group AG (Capital Markets) | 125 | ||||||
155 | Dufry AG (Specialty Retail) | 15 | ||||||
30 | EMS-Chemie Holding AG, Registered Shares (Chemicals) | 20 | ||||||
498 | Garmin Ltd. (Household Durables) | 49 | ||||||
133 | Geberit AG (Building Products) | 75 | ||||||
34 | Givaudan SA (Chemicals) | 107 | ||||||
808 | Julius Baer Group Ltd. (Capital Markets) | 42 | ||||||
195 | Kuehne & Nagel International Ltd. (Marine) | 33 | ||||||
1,826 | LafargeHolcim Ltd., Registered Shares (Construction Materials) (a) | 101 | ||||||
269 | Lonza Group AG (Life Sciences Tools & Services) (a) | 98 | ||||||
10,811 | Nestle SA (Food Products) | 1,170 | ||||||
7,800 | Novartis AG, Registered Shares (Pharmaceuticals) | 741 | ||||||
140 | Pargesa Holding SA (Diversified Financial Services) | 12 | ||||||
70 | Partners Group Holding AG (Capital Markets) | 64 | ||||||
2,551 | Roche Holding AG (Pharmaceuticals) | 827 | ||||||
148 | Schindler Holding AG (Machinery) | 37 | ||||||
72 | Schindler Holding AG (Machinery) | 18 | ||||||
19 | SGS SA, Registered Shares (Professional Services) | 52 | ||||||
459 | Sika AG, Registered Shares (Chemicals) | 86 | ||||||
208 | Sonova Holding AG, Registered Shares (Health Care Equipment & Supplies) (a) | 48 | ||||||
38 | Straumann Holding AG (Health Care Equipment & Supplies) | 37 | ||||||
120 | Swiss Life Holding AG (Insurance) | 60 | ||||||
274 | Swiss Prime Site AG (Real Estate Management & Development) | 32 | ||||||
1,063 | Swiss Re AG (Insurance) | 119 | ||||||
97 | Swisscom AG (Diversified Telecommunication Services) | 51 | ||||||
1,200 | TE Connectivity Ltd. (Electronic Equipment, Instruments & Components) | 115 | ||||||
244 | Temenos AG (Software) | 39 | ||||||
202 | The Swatch Group AG (Textiles, Apparel & Luxury Goods) | 11 | ||||||
106 | The Swatch Group AG, B Shares (Textiles, Apparel & Luxury Goods) | 30 | ||||||
13,958 | UBS Group AG (Capital Markets) | 176 | ||||||
164 | Vifor Pharma AG (Pharmaceuticals) | 30 | ||||||
542 | Zurich Financial Services AG (Insurance) | 222 | ||||||
|
| |||||||
5,458 | ||||||||
|
| |||||||
United Arab Emirates — 0.00% |
| |||||||
339 | NMC Health PLC (Health Care Providers & Services) (a) | 8 | ||||||
|
|
Shares | Security Description | Value (000) | ||||||
United Kingdom — 5.66% |
| |||||||
3,638 | 3i Group PLC (Capital Markets) | $ | 53 | |||||
682 | Admiral Group PLC (Insurance) | 21 | ||||||
5,819 | Amcor PLC (Containers & Packaging) | 63 | ||||||
3,739 | Anglo American PLC (Metals & Mining) | 108 | ||||||
1,424 | Antofagasta PLC (Metals & Mining) | 17 | ||||||
853 | Aon PLC (Insurance) | 178 | ||||||
922 | Aptiv PLC (Auto Components) | 88 | ||||||
1,707 | Ashtead Group PLC (Trading Companies & Distributors) | 55 | ||||||
1,336 | Associated British Foods PLC (Food Products) | 46 | ||||||
4,760 | AstraZeneca PLC (Pharmaceuticals) (a) | 480 | ||||||
3,374 | Auto Trader Group PLC (Interactive Media & Services) (a) | 27 | ||||||
216 | Aveva Group PLC (Software) | 13 | ||||||
14,079 | Aviva PLC (Insurance) | 78 | ||||||
11,527 | BAE Systems PLC (Aerospace & Defense) | 87 | ||||||
62,341 | Barclays PLC (Banks) | 148 | ||||||
3,826 | Barratt Developments PLC (Household Durables) | 38 | ||||||
451 | Berkeley Group Holdings PLC (Household Durables) | 29 | ||||||
73,917 | BP PLC (Oil, Gas & Consumable Fuels) | 461 | ||||||
3,272 | British Land Co. PLC (Equity Real Estate Investment Trusts) | 28 | ||||||
30,202 | BT Group PLC (Diversified Telecommunication Services) | 77 | ||||||
1,215 | Bunzl PLC (Trading Companies & Distributors) | 33 | ||||||
1,543 | Burberry Group PLC (Textiles, Apparel & Luxury Goods) (a) | 45 | ||||||
600 | Capri Holdings Ltd. (Textiles, Apparel & Luxury Goods) (b) | 23 | ||||||
20,572 | Centrica PLC (Multi-Utilities) (a) | 24 | ||||||
883 | Coca-Cola European Partners PLC (Beverages) | 45 | ||||||
5,731 | Compass Group PLC (Hotels, Restaurants & Leisure) | 143 | ||||||
464 | Croda International PLC (Chemicals) | 31 | ||||||
8,577 | Diageo PLC (Beverages) | 363 | ||||||
4,966 | Direct Line Insurance Group PLC (Insurance) | 21 | ||||||
618 | easyJet PLC (Airlines) | 12 | ||||||
823 | Ferguson PLC (Trading Companies & Distributors) | 74 | ||||||
18,097 | GlaxoSmithKline PLC (Pharmaceuticals) | 426 | ||||||
1,371 | Halma PLC (Electronic Equipment, Instruments & Components) | 38 | ||||||
1,028 | Hargreaves Lansdown PLC (Capital Markets) | 26 | ||||||
73,285 | HSBC Holdings PLC (Banks) | 574 | ||||||
4,694 | Informa PLC (Media) | 54 | ||||||
649 | Intercontinental Hotels Group PLC (Hotels, Restaurants & Leisure) | 45 | ||||||
605 | Intertek Group PLC (Professional Services) | 47 | ||||||
13,083 | ITV PLC (Media) | 26 | ||||||
6,364 | J Sainsbury PLC (Food & Staples Retailing) | 19 | ||||||
1,466 | JD Sports Fashion PLC (Specialty Retail) (a) | 16 | ||||||
699 | Johnson Matthey PLC (Chemicals) | 28 | ||||||
7,620 | Kingfisher PLC (Specialty Retail) | 22 | ||||||
2,543 | Land Securities Group PLC (Equity Real Estate Investment Trusts) | 33 | ||||||
21,462 | Legal & General Group PLC (Insurance) | 86 |
See accompanying notes to financial statements.
97
HC CAPITAL TRUST
The ESG Growth Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
United Kingdom (continued) |
| |||||||
664 | Liberty Global PLC, Class – A (Media) (b) | $ | 15 | |||||
1,568 | Liberty Global PLC, Class – C (Media) (b) | 34 | ||||||
1,961 | Linde PLC (Chemicals) | 418 | ||||||
268,470 | Lloyds Banking Group PLC (Banks) | 222 | ||||||
1,135 | London Stock Exchange Group PLC (Capital Markets) | 117 | ||||||
7,357 | Marks & Spencer Group PLC (Multiline Retail) | 21 | ||||||
2,806 | Meggitt PLC (Aerospace & Defense) | 24 | ||||||
18,219 | Melrose Industries PLC (Electrical Equipment) | 58 | ||||||
1,237 | Micro Focus International PLC (Software) | 17 | ||||||
1,787 | Mondi PLC (Paper & Forest Products) | 42 | ||||||
12,706 | National Grid PLC (Multi-Utilities) | 159 | ||||||
497 | Next PLC (Multiline Retail) | 46 | ||||||
1,641 | Ocado Group PLC (Internet & Direct Marketing Retail) (a)(b) | 28 | ||||||
2,821 | Pearson PLC (Media) | 24 | ||||||
1,146 | Persimmon PLC (Household Durables) | 40 | ||||||
9,404 | Prudential PLC (Insurance) | 179 | ||||||
2,568 | RecKitt Benckiser Group PLC (Household Products) | 208 | ||||||
7,031 | RELX PLC (Professional Services) | 177 | ||||||
6,935 | Rentokil Initial PLC (Commercial Services & Supplies) | 42 | ||||||
4,093 | Rio Tinto PLC (Metals & Mining) | 244 | ||||||
6,426 | Rolls-Royce Holdings PLC (Aerospace & Defense) | 58 | ||||||
18,133 | Royal Bank of Scotland Group PLC (Banks) (a) | 58 | ||||||
15,524 | Royal Dutch Shell PLC, A Shares (Oil, Gas & Consumable Fuels) | 460 | ||||||
13,551 | Royal Dutch Shell PLC, B Shares (Oil, Gas & Consumable Fuels) | 402 | ||||||
3,709 | RSA Insurance Group PLC (Insurance) | 28 | ||||||
448 | Schroders PLC (Capital Markets) | 20 | ||||||
4,104 | SEGRO PLC (Equity Real Estate Investment Trusts) (a) | 49 | ||||||
593 | Sensata Technologies Holding PLC (Electrical Equipment) (b) | 32 | ||||||
856 | Severn Trent PLC (Water Utilities) | 29 | ||||||
3,280 | Smith & Nephew PLC (Health Care Equipment & Supplies) | 80 | ||||||
1,430 | Smiths Group PLC (Industrial Conglomerates) | 32 | ||||||
266 | Spirax-Sarco Engineering PLC (Machinery) | 31 | ||||||
3,666 | SSE PLC (Electric Utilities) | 70 | ||||||
1,912 | St. James Place PLC (Capital Markets) | 29 | ||||||
9,818 | Standard Chartered PLC (Banks) | 93 | ||||||
8,996 | Standard Life Aberdeen PLC (Diversified Financial Services) | 39 | ||||||
12,345 | Taylor Wimpey PLC (Household Durables) | 32 | ||||||
1,544 | TechnipFMC PLC (Energy Equipment & Services) | 33 | ||||||
35,333 | Tesco PLC (Food & Staples Retailing) | 119 | ||||||
3,920 | The Sage Group PLC (Software) | 40 | ||||||
938 | The Weir Group PLC (Machinery) (a) | 19 | ||||||
5,319 | Unilever N.V. (Personal Products) | 305 | ||||||
4,019 | Unilever PLC (Personal Products) | 232 | ||||||
2,563 | United Utilities Group PLC (Water Utilities) | 32 |
Shares | Security Description | Value (000) | ||||||
United Kingdom (continued) |
| |||||||
96,861 | Vodafone Group PLC (Wireless Telecommunication Services) | $ | 188 | |||||
509 | Whitbread PLC (Hotels, Restaurants & Leisure) | 33 | ||||||
8,553 | William Morrison Supermarkets PLC (Food & Staples Retailing) | 23 | ||||||
465 | Willis Towers Watson PLC (Insurance) | 94 | ||||||
|
| |||||||
9,124 | ||||||||
|
| |||||||
United States — 55.75% |
| |||||||
2,086 | 3M Co. (Industrial Conglomerates) | 368 | ||||||
512 | A.O. Smith Corp. (Building Products) | 24 | ||||||
6,415 | Abbott Laboratories (Health Care Equipment & Supplies) | 558 | ||||||
5,365 | AbbVie, Inc. (Biotechnology) | 475 | ||||||
175 | Abiomed, Inc. (Health Care Equipment & Supplies) (b) | 30 | ||||||
2,312 | Accenture PLC, Class – A (IT Services) | 487 | ||||||
2,773 | Activision Blizzard, Inc. (Entertainment) | 165 | ||||||
145 | Acuity Brands, Inc. (Electrical Equipment) | 20 | ||||||
1,762 | Adobe, Inc. (Software) (b) | 582 | ||||||
269 | Advance Auto Parts, Inc. (Specialty Retail) | 43 | ||||||
3,728 | Advanced Micro Devices, Inc. (Semiconductors & Semiconductor Equipment) (b) | 171 | ||||||
2,675 | Aflac, Inc. (Insurance) | 142 | ||||||
1,114 | Agilent Technologies, Inc. (Life Sciences Tools & Services) | 95 | ||||||
797 | Air Products & Chemicals, Inc. (Chemicals) | 186 | ||||||
590 | Akamai Technologies, Inc. (IT Services) (b) | 51 | ||||||
382 | Albemarle Corp. (Chemicals) | 28 | ||||||
424 | Alexandria Real Estate Equities, Inc. (Equity Real Estate Investment Trusts) | 69 | ||||||
273 | Align Technology, Inc. (Health Care Equipment & Supplies) (b) | 76 | ||||||
172 | Alliance Data Systems Corp. (IT Services) | 19 | ||||||
886 | Alliant Energy Corp. (Electric Utilities) | 48 | ||||||
1,189 | Allstate Corp. (Insurance) | 134 | ||||||
1,454 | Ally Financial, Inc. (Consumer Finance) | 44 | ||||||
1,088 | Alphabet, Inc., Class – A (Interactive Media & Services) (b) | 1,457 | ||||||
1,135 | Alphabet, Inc., Class – C (Interactive Media & Services) (b) | 1,518 | ||||||
1,529 | Amazon.com, Inc. (Internet & Direct Marketing Retail) (b) | 2,825 | ||||||
32 | AMERCO, Inc. (Road & Rail) | 12 | ||||||
921 | Ameren Corp. (Multi-Utilities) | 71 | ||||||
1,786 | American Electric Power, Inc. (Electric Utilities) | 169 | ||||||
2,557 | American Express Co. (Consumer Finance) | 319 | ||||||
274 | American Financial Group, Inc. (Insurance) | 30 | ||||||
3,145 | American International Group, Inc. (Insurance) | 161 | ||||||
1,605 | American Tower Corp. (Equity Real Estate Investment Trusts) | 368 | ||||||
650 | American Water Works Co., Inc. (Water Utilities) | 80 | ||||||
489 | Ameriprise Financial, Inc. (Capital Markets) | 81 | ||||||
591 | AmerisourceBergen Corp. (Health Care Providers & Services) | 50 | ||||||
2,176 | Amgen, Inc. (Biotechnology) | 524 | ||||||
1,073 | Amphenol Corp., Class – A (Electronic Equipment, Instruments & Components) | 116 |
See accompanying notes to financial statements.
98
HC CAPITAL TRUST
The ESG Growth Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
United States (continued) |
| |||||||
1,335 | Analog Devices, Inc. (Semiconductors & Semiconductor Equipment) | $ | 159 | |||||
4,876 | Annaly Capital Management, Inc. (Mortgage Real Estate Investment Trusts) | 46 | ||||||
315 | ANSYS, Inc. (Software) (b) | 81 | ||||||
927 | Anthem, Inc. (Health Care Providers & Services) | 280 | ||||||
1,354 | Apache Corp. (Oil, Gas & Consumable Fuels) | 35 | ||||||
16,426 | Apple, Inc. (Technology Hardware, Storage & Peripherals) | 4,822 | ||||||
3,343 | Applied Materials, Inc. (Semiconductors & Semiconductor Equipment) | 204 | ||||||
723 | Aqua America, Inc. (Water Utilities) | 34 | ||||||
924 | Aramark (Hotels, Restaurants & Leisure) | 40 | ||||||
2,005 | Archer-Daniels-Midland Co. (Food Products) | 93 | ||||||
1,482 | Arconic, Inc. (Aerospace & Defense) | 46 | ||||||
201 | Arista Networks, Inc. (Communications Equipment) (b) | 41 | ||||||
307 | Arrow Electronics, Inc. (Electronic Equipment, Instruments & Components) (b) | 26 | ||||||
694 | Arthur J. Gallagher & Co. (Insurance) | 66 | ||||||
223 | Assurant, Inc. (Insurance) | 29 | ||||||
26,541 | AT&T, Inc. (Diversified Telecommunication Services) | 1,037 | ||||||
439 | Atmos Energy Corp. (Gas Utilities) | 49 | ||||||
793 | Autodesk, Inc. (Software) (b) | 145 | ||||||
299 | Autoliv, Inc. (Auto Components) | 25 | ||||||
1,573 | Automatic Data Processing, Inc. (IT Services) | 268 | ||||||
504 | AvalonBay Communities, Inc. (Equity Real Estate Investment Trusts) | 106 | ||||||
317 | Avery Dennison Corp. (Containers & Packaging) | 41 | ||||||
1,514 | AXA Equitable Holdings, Inc. (Diversified Financial Services) | 38 | ||||||
761 | Axalta Coating Systems Ltd. (Chemicals) (b) | 23 | ||||||
2,259 | Baker Hughes, Inc. (Energy Equipment & Services) | 58 | ||||||
1,133 | Ball Corp. (Containers & Packaging) | 74 | ||||||
32,122 | Bank of America Corp. (Banks) | 1,131 | ||||||
3,067 | Bank of New York Mellon Corp. (Capital Markets) | 154 | ||||||
1,752 | Baxter International, Inc. (Health Care Equipment & Supplies) | 147 | ||||||
978 | Becton, Dickinson & Co. (Health Care Equipment & Supplies) | 266 | ||||||
4,784 | Berkshire Hathaway, Inc., Class – B (Diversified Financial Services) (b) | 1,083 | ||||||
898 | Best Buy Co., Inc. (Specialty Retail) | 79 | ||||||
668 | Biogen, Inc. (Biotechnology) (b) | 198 | ||||||
672 | BioMarin Pharmaceutical, Inc. (Biotechnology) (b) | 57 | ||||||
75 | Bio-Rad Laboratories, Inc., Class – A (Life Sciences Tools & Services) (b) | 28 | ||||||
501 | Black Knight, Inc. (IT Services) (b) | 32 | ||||||
419 | BlackRock, Inc., Class – A (Capital Markets) | 211 | ||||||
155 | Booking Holdings, Inc. (Internet & Direct Marketing Retail) (b) | 318 | ||||||
519 | Booz Allen Hamilton Holding Corp. (IT Services) | 37 | ||||||
750 | BorgWarner, Inc. (Auto Components) | 33 |
Shares | Security Description | Value (000) | ||||||
United States (continued) |
| |||||||
555 | Boston Properties, Inc. (Equity Real Estate Investment Trusts) | $ | 77 | |||||
8,509 | Bristol-Myers Squibb Co. (Pharmaceuticals) | 546 | ||||||
408 | Broadridge Financial Solutions, Inc. (IT Services) | 50 | ||||||
801 | Brown & Brown, Inc. (Insurance) | 32 | ||||||
1,155 | Brown-Forman Corp., Class – B (Beverages) | 78 | ||||||
244 | Burlington Stores, Inc. (Specialty Retail) (b) | 56 | ||||||
507 | C.H. Robinson Worldwide, Inc. (Air Freight & Logistics) | 40 | ||||||
1,005 | Cadence Design Systems, Inc. (Software) (b) | 70 | ||||||
363 | Camden Property Trust (Equity Real Estate Investment Trusts) | 39 | ||||||
598 | Campbell Soup Co. (Food Products) | 30 | ||||||
1,114 | Cardinal Health, Inc. (Health Care Providers & Services) | 56 | ||||||
614 | CarMax, Inc. (Specialty Retail) (b) | 54 | ||||||
2,039 | Caterpillar, Inc. (Machinery) | 300 | ||||||
419 | CBOE Global Markets, Inc. (Capital Markets) | 50 | ||||||
1,199 | CBRE Group, Inc., Class – A (Real Estate Management & Development) (b) | 73 | ||||||
450 | CDK Global, Inc. (Software) | 25 | ||||||
443 | Celanese Corp., Series A (Chemicals) | 55 | ||||||
1,489 | Centene Corp. (Health Care Providers & Services) (b) | 94 | ||||||
1,883 | CenterPoint Energy, Inc. (Multi-Utilities) | 51 | ||||||
3,678 | CenturyLink, Inc. (Diversified Telecommunication Services) | 49 | ||||||
1,189 | Cerner Corp. (Health Care Technology) | 87 | ||||||
869 | Cheniere Energy, Inc. (Oil, Gas & Consumable Fuels) (b) | 53 | ||||||
6,895 | Chevron Corp. (Oil, Gas & Consumable Fuels) | 831 | ||||||
95 | Chipotle Mexican Grill, Inc. (Hotels, Restaurants & Leisure) (b) | 80 | ||||||
923 | Church & Dwight Co., Inc. (Household Products) | 65 | ||||||
1,369 | Cigna Corp. (Health Care Providers & Services) | 280 | ||||||
325 | Cintas Corp. (Commercial Services & Supplies) | 87 | ||||||
15,543 | Cisco Systems, Inc. (Communications Equipment) | 745 | ||||||
8,202 | Citigroup, Inc. (Banks) | 655 | ||||||
1,672 | Citizens Financial Group, Inc. (Banks) | 68 | ||||||
493 | Citrix Systems, Inc. (Software) | 55 | ||||||
1,298 | CME Group, Inc. (Capital Markets) | 261 | ||||||
1,064 | CMS Energy Corp. (Multi-Utilities) | 67 | ||||||
617 | Cognex Corp. (Electronic Equipment, Instruments & Components) | 35 | ||||||
1,994 | Cognizant Technology Solutions Corp. (IT Services) | 124 | ||||||
2,950 | Colgate-Palmolive Co. (Household Products) | 203 | ||||||
16,468 | Comcast Corp., Class – A (Media) | 741 | ||||||
574 | Comerica, Inc. (Banks) | 41 | ||||||
1,822 | ConAgra Foods, Inc. (Food Products) | 62 | ||||||
4,022 | ConocoPhillips (Oil, Gas & Consumable Fuels) | 262 | ||||||
1,229 | Consolidated Edison, Inc. (Multi-Utilities) | 111 | ||||||
603 | Constellation Brands, Inc., Class – A (Beverages) | 114 | ||||||
773 | Copart, Inc. (Commercial Services & Supplies) (b) | 70 | ||||||
2,808 | Corning, Inc. (Electronic Equipment, Instruments & Components) | 82 | ||||||
2,690 | Corteva, Inc. (Chemicals) | 80 | ||||||
1,596 | Costco Wholesale Corp. (Food & Staples Retailing) | 469 |
See accompanying notes to financial statements.
99
HC CAPITAL TRUST
The ESG Growth Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
United States (continued) |
| |||||||
1,010 | Coty, Inc., Class – A (Personal Products) | $ | 11 | |||||
1,505 | Crown Castle International Corp. (Equity Real Estate Investment Trusts) | 213 | ||||||
489 | Crown Holdings, Inc. (Containers & Packaging) (b) | 35 | ||||||
2,745 | CSX Corp. (Road & Rail) | 198 | ||||||
540 | Cummins, Inc. (Machinery) | 97 | ||||||
4,716 | CVS Health Corp. (Health Care Providers & Services) | 350 | ||||||
2,091 | Danaher Corp. (Health Care Equipment & Supplies) | 321 | ||||||
462 | Darden Restaurants, Inc. (Hotels, Restaurants & Leisure) | 50 | ||||||
391 | DaVita, Inc. (Health Care Providers & Services) (b) | 29 | ||||||
1,082 | Deere & Co. (Machinery) | 187 | ||||||
558 | Dell Technologies, Inc. (Technology Hardware, Storage & Peripherals) (b) | 29 | ||||||
612 | Delta Air Lines, Inc. (Airlines) | 36 | ||||||
800 | Dentsply Sirona, Inc. (Health Care Equipment & Supplies) | 45 | ||||||
1,523 | Devon Energy Corp. (Oil, Gas & Consumable Fuels) | 40 | ||||||
342 | Dexcom, Inc. (Health Care Equipment & Supplies) (b) | 75 | ||||||
749 | Digital Realty Trust, Inc. (Equity Real Estate Investment Trusts) | 90 | ||||||
1,147 | Discover Financial Services (Consumer Finance) | 97 | ||||||
567 | Discovery, Inc., Class – A (Media) (b) | 19 | ||||||
1,300 | Discovery, Inc., Class – C (Media) (b) | 40 | ||||||
360 | DocuSign, Inc. (Software) (b) | 27 | ||||||
2,977 | Dominion Energy, Inc. (Multi-Utilities) | 246 | ||||||
147 | Domino’s Pizza, Inc. (Hotels, Restaurants & Leisure) | 43 | ||||||
543 | Dover Corp. (Machinery) | 63 | ||||||
2,686 | Dow, Inc. (Chemicals) | 147 | ||||||
868 | Dropbox, Inc. (Software) (b) | 16 | ||||||
659 | DTE Energy Co. (Multi-Utilities) | 86 | ||||||
2,639 | Duke Energy Corp. (Electric Utilities) | 241 | ||||||
1,348 | Duke Realty Corp. (Equity Real Estate Investment Trusts) | 47 | ||||||
2,696 | DuPont de Nemours, Inc. (Chemicals) | 173 | ||||||
969 | DXC Technology Co. (IT Services) | 36 | ||||||
889 | E*Trade Financial Corp. (Capital Markets) | 40 | ||||||
524 | East West Bancorp, Inc. (Banks) | 26 | ||||||
505 | Eastman Chemical Co. (Chemicals) | 40 | ||||||
2,872 | eBay, Inc. (Internet & Direct Marketing Retail) | 104 | ||||||
936 | Ecolab, Inc. (Chemicals) | 181 | ||||||
1,325 | Edison International (Electric Utilities) | 100 | ||||||
752 | Edwards Lifesciences Corp. (Health Care Equipment & Supplies) (b) | 175 | ||||||
1,300 | Elanco Animal Health, Inc. (Pharmaceuticals) (b) | 38 | ||||||
1,063 | Electronic Arts, Inc. (Entertainment) (b) | 114 | ||||||
3,152 | Eli Lilly & Co. (Pharmaceuticals) | 414 | ||||||
2,224 | Emerson Electric Co. (Electrical Equipment) | 170 | ||||||
737 | Entergy Corp. (Electric Utilities) | 88 |
Shares | Security Description | Value (000) | ||||||
United States (continued) |
| |||||||
976 | Envista Holdings Corp. (Health Care Equipment & Supplies) (b) | $ | 29 | |||||
205 | EPAM Systems, Inc. (IT Services) (b) | 43 | ||||||
405 | Equifax, Inc. (Professional Services) | 57 | ||||||
306 | Equinix, Inc. (Equity Real Estate Investment Trusts) | 178 | ||||||
1,337 | Equity Residential (Equity Real Estate Investment Trusts) | 108 | ||||||
92 | Erie Indemnity Co., Class – A (Insurance) | 15 | ||||||
246 | Essex Property Trust, Inc. (Equity Real Estate Investment Trusts) | 74 | ||||||
1,192 | Eversource Energy (Electric Utilities) | 101 | ||||||
3,512 | Exelon Corp. (Electric Utilities) | 160 | ||||||
520 | Expedia Group, Inc. (Internet & Direct Marketing Retail) | 56 | ||||||
645 | Expeditors International of Washington, Inc. (Air Freight & Logistics) | 50 | ||||||
478 | Extra Space Storage, Inc. (Equity Real Estate Investment Trusts) | 50 | ||||||
15,369 | Exxon Mobil Corp. (Oil, Gas & Consumable Fuels) | 1,071 | ||||||
215 | F5 Networks, Inc. (Communications Equipment) (b) | 30 | ||||||
8,742 | Facebook, Inc., Class – A (Interactive Media & Services) (b) | 1,794 | ||||||
144 | FactSet Research Systems, Inc. (Capital Markets) | 39 | ||||||
2,146 | Fastenal Co. (Trading Companies & Distributors) | 79 | ||||||
281 | Federal Realty Investment Trust (Equity Real Estate Investment Trusts) | 36 | ||||||
895 | FedEx Corp. (Air Freight & Logistics) | 135 | ||||||
2,224 | Fidelity National Information Services, Inc. (IT Services) | 309 | ||||||
2,614 | Fifth Third Bancorp (Banks) | 80 | ||||||
628 | First Republic Bank (Banks) | 74 | ||||||
1,945 | FirstEnergy Corp. (Electric Utilities) | 95 | ||||||
2,092 | Fiserv, Inc. (IT Services) (b) | 242 | ||||||
489 | FLIR Systems, Inc. (Electronic Equipment, Instruments & Components) | 25 | ||||||
494 | Flowserve Corp. (Machinery) | 25 | ||||||
478 | FMC Corp. (Chemicals) | 48 | ||||||
544 | Fortinet, Inc. (Software) (b) | 58 | ||||||
1,129 | Fortive Corp. (Machinery) | 86 | ||||||
508 | Fortune Brands Home & Security, Inc. (Building Products) | 33 | ||||||
1,133 | Franklin Resources, Inc. (Capital Markets) | 29 | ||||||
934 | Gap, Inc. (Specialty Retail) | 17 | ||||||
338 | Gartner Group, Inc. (IT Services) (b) | 52 | ||||||
888 | General Dynamics Corp. (Aerospace & Defense) | 157 | ||||||
31,645 | General Electric Co. (Industrial Conglomerates) | 353 | ||||||
2,235 | General Mills, Inc. (Food Products) | 120 | ||||||
548 | Genuine Parts Co. (Distributors) | 58 | ||||||
4,590 | Gilead Sciences, Inc. (Biotechnology) | 298 | ||||||
383 | Globe Life, Inc. (Insurance) | 40 | ||||||
1,172 | Goldman Sachs Group, Inc. (Capital Markets) | 269 | ||||||
328 | GrubHub, Inc. (Internet & Direct Marketing Retail) (b) | 16 | ||||||
275 | Guidewire Software, Inc. (Software) (b) | 30 | ||||||
3,148 | Halliburton Co. (Energy Equipment & Services) | 77 |
See accompanying notes to financial statements.
100
HC CAPITAL TRUST
The ESG Growth Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
United States (continued) |
| |||||||
1,305 | Hanesbrands, Inc. (Textiles, Apparel & Luxury Goods) | $ | 19 | |||||
592 | Harley-Davidson, Inc. (Automobiles) | 22 | ||||||
1,299 | Hartford Financial Services Group, Inc. (Insurance) | 79 | ||||||
449 | Hasbro, Inc. (Leisure Products) | 47 | ||||||
986 | HCA Holdings, Inc. (Health Care Providers & Services) | 146 | ||||||
644 | HD Supply Holdings, Inc. (Trading Companies & Distributors) (b) | 26 | ||||||
1,792 | Healthpeak Properties, Inc. (Equity Real Estate Investment Trusts) | 62 | ||||||
154 | HEICO Corp. (Aerospace & Defense) | 18 | ||||||
273 | HEICO Corp., Class – A (Aerospace & Defense) | 24 | ||||||
556 | Henry Schein, Inc. (Health Care Providers & Services) (b) | 37 | ||||||
536 | Hershey Co. (Food Products) | 79 | ||||||
1,024 | Hess Corp. (Oil, Gas & Consumable Fuels) | 68 | ||||||
4,893 | Hewlett Packard Enterprise Co. (Technology Hardware, Storage & Peripherals) | 78 | ||||||
983 | Hilton Worldwide Holdings, Inc. (Hotels, Restaurants & Leisure) | 109 | ||||||
551 | HollyFrontier Corp. (Oil, Gas & Consumable Fuels) | 28 | ||||||
1,005 | Hologic, Inc. (Health Care Equipment & Supplies) (b) | 52 | ||||||
2,611 | Honeywell International, Inc. (Industrial Conglomerates) | 462 | ||||||
1,104 | Hormel Foods Corp. (Food Products) | 50 | ||||||
2,778 | Host Hotels & Resorts, Inc. (Equity Real Estate Investment Trusts) | 52 | ||||||
5,343 | HP, Inc. (Technology Hardware, Storage & Peripherals) | 110 | ||||||
489 | Humana, Inc. (Health Care Providers & Services) | 179 | ||||||
314 | Hunt (JB) Transportation Services, Inc. (Road & Rail) | 37 | ||||||
3,924 | Huntington Bancshares, Inc. (Banks) | 59 | ||||||
149 | Huntington Ingalls Industries, Inc. (Aerospace & Defense) | 37 | ||||||
284 | IDEX Corp. (Machinery) | 49 | ||||||
309 | IDEXX Laboratories, Inc. (Health Care Equipment & Supplies) (b) | 81 | ||||||
1,171 | Illinois Tool Works, Inc. (Machinery) | 210 | ||||||
531 | Illumina, Inc. (Life Sciences Tools & Services) (b) | 176 | ||||||
241 | Ingredion, Inc. (Food Products) | 22 | ||||||
214 | Insulet Corp. (Health Care Equipment & Supplies) (b) | 37 | ||||||
16,089 | Intel Corp. (Semiconductors & Semiconductor Equipment) | 962 | ||||||
2,027 | Intercontinental Exchange, Inc. (Capital Markets) | 188 | ||||||
3,214 | International Business Machines Corp. (IT Services) | 431 | ||||||
380 | International Flavors & Fragrances, Inc. (Chemicals) | 49 | ||||||
1,338 | International Paper Co. (Containers & Packaging) | 62 | ||||||
942 | Intuit, Inc. (Software) | 247 | ||||||
500 | Ionis Pharmaceuticals, Inc. (Biotechnology) (b) | 30 |
Shares | Security Description | Value (000) | ||||||
United States (continued) |
| |||||||
602 | IQVIA Holdings, Inc. (Life Sciences Tools & Services) (b) | $ | 93 | |||||
1,035 | Iron Mountain, Inc. (Equity Real Estate Investment Trusts) | 33 | ||||||
289 | Jack Henry & Associates, Inc. (IT Services) | 42 | ||||||
504 | Jacobs Engineering Group, Inc. (Construction & Engineering) | 45 | ||||||
213 | Jazz Pharmaceuticals PLC (Pharmaceuticals) (b) | 32 | ||||||
9,588 | Johnson & Johnson (Pharmaceuticals) | 1,399 | ||||||
2,871 | Johnson Controls International PLC (Building Products) | 117 | ||||||
194 | Jones Lang LaSalle, Inc. (Real Estate Management & Development) | 34 | ||||||
11,618 | JPMorgan Chase & Co. (Banks) | 1,619 | ||||||
1,256 | Juniper Networks, Inc. (Communications Equipment) | 31 | ||||||
377 | Kansas City Southern (Road & Rail) | 58 | ||||||
959 | Kellogg Co. (Food Products) | 66 | ||||||
3,603 | KeyCorp (Banks) | 73 | ||||||
674 | Keysight Technologies, Inc. (Electronic Equipment, Instruments & Components) (b) | 69 | ||||||
1,244 | Kimberly-Clark Corp. (Household Products) | 171 | ||||||
1,522 | Kimco Realty Corp. (Equity Real Estate Investment Trusts) | 32 | ||||||
7,364 | Kinder Morgan, Inc. (Oil, Gas & Consumable Fuels) | 156 | ||||||
1,835 | KKR & Co., Inc., Class – A (Capital Markets) | 54 | ||||||
574 | KLA Corp. (Semiconductors & Semiconductor Equipment) | 102 | ||||||
468 | Knight-Swift Transportation Holdings, Inc. (Road & Rail) | 17 | ||||||
610 | Kohl’s Corp. (Multiline Retail) | 31 | ||||||
808 | L3Harris Technologies, Inc. (Aerospace & Defense) | 160 | ||||||
350 | Laboratory Corporation of America Holdings (Health Care Providers & Services) (b) | 59 | ||||||
522 | Lam Research Corp. (Semiconductors & Semiconductor Equipment) | 153 | ||||||
529 | Lamb Weston Holding, Inc. (Food Products) | 46 | ||||||
1,246 | Las Vegas Sands Corp. (Hotels, Restaurants & Leisure) | 86 | ||||||
473 | Leggett & Platt, Inc. (Household Durables) | 24 | ||||||
501 | Leidos Holdings, Inc. (IT Services) | 49 | ||||||
1,071 | Lennar Corp., Class – A (Household Durables) | 59 | ||||||
130 | Lennox International, Inc. (Building Products) | 32 | ||||||
401 | Liberty Broadband, Class – C (Media) (b) | 50 | ||||||
584 | Liberty Property Trust (Equity Real Estate Investment Trusts) | 35 | ||||||
738 | Lincoln National Corp. (Insurance) | 44 | ||||||
555 | Live Nation Entertainment, Inc. (Entertainment) (b) | 40 | ||||||
1,141 | LKQ Corp. (Distributors) (b) | 41 | ||||||
922 | Lockheed Martin Corp. (Aerospace & Defense) | 359 | ||||||
1,012 | Loews Corp. (Insurance) | 53 | ||||||
2,814 | Lowe’s Cos., Inc. (Specialty Retail) | 337 | ||||||
475 | M&T Bank Corp. (Banks) | 81 | ||||||
218 | ManpowerGroup, Inc. (Professional Services) | 21 | ||||||
3,015 | Marathon Oil Corp. (Oil, Gas & Consumable Fuels) | 41 |
See accompanying notes to financial statements.
101
HC CAPITAL TRUST
The ESG Growth Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
United States (continued) |
| |||||||
2,378 | Marathon Petroleum Corp. (Oil, Gas & Consumable Fuels) | $ | 143 | |||||
142 | MarketAxess Holdings, Inc. (Capital Markets) | 54 | ||||||
1,012 | Marriott International, Inc., Class – A (Hotels, Restaurants & Leisure) | 153 | ||||||
1,833 | Marsh & McLennan Cos., Inc. (Insurance) | 204 | ||||||
234 | Martin Marietta Materials, Inc. (Construction Materials) | 65 | ||||||
1,101 | Masco Corp. (Building Products) | 53 | ||||||
3,279 | MasterCard, Inc., Class – A (IT Services) | 980 | ||||||
1,022 | Maxim Integrated Products, Inc. (Semiconductors & Semiconductor Equipment) | 63 | ||||||
442 | McCormick & Company, Inc. (Food Products) | 75 | ||||||
2,756 | McDonald’s Corp. (Hotels, Restaurants & Leisure) | 544 | ||||||
666 | McKesson Corp. (Health Care Providers & Services) | 92 | ||||||
161 | MercadoLibre, Inc. (Internet & Direct Marketing Retail) (b) | 92 | ||||||
9,298 | Merck & Co., Inc. (Pharmaceuticals) | 846 | ||||||
2,877 | MetLife, Inc. (Insurance) | 147 | ||||||
88 | Mettler-Toledo International, Inc. (Life Sciences Tools & Services) (b) | 70 | ||||||
1,774 | MGM Resorts International (Hotels, Restaurants & Leisure) | 59 | ||||||
856 | Microchip Technology, Inc. (Semiconductors & Semiconductor Equipment) | 90 | ||||||
3,996 | Micron Technology, Inc. (Semiconductors & Semiconductor Equipment) (b) | 215 | ||||||
26,364 | Microsoft Corp. (Software) | 4,159 | ||||||
428 | Mid-America Apartment Communities, Inc. (Equity Real Estate Investment Trusts) | 56 | ||||||
222 | Mohawk Industries, Inc. (Household Durables) (b) | 30 | ||||||
712 | Molson Coors Beverage Co., Class – B (Beverages) | 38 | ||||||
5,227 | Mondelez International, Inc., Class – A (Food Products) | 288 | ||||||
145 | MongoDB, Inc. (IT Services) (b) | 19 | ||||||
615 | Moody’s Corp. (Capital Markets) | 146 | ||||||
4,488 | Morgan Stanley (Capital Markets) | 229 | ||||||
615 | Motorola Solutions, Inc. (Communications Equipment) | 99 | ||||||
435 | Nasdaq, Inc. (Capital Markets) | 47 | ||||||
1,385 | National Oilwell Varco, Inc. (Energy Equipment & Services) | 35 | ||||||
851 | NetApp, Inc. (Technology Hardware, Storage & Peripherals) | 53 | ||||||
1,414 | Newell Brands, Inc. (Household Durables) | 27 | ||||||
2,959 | Newmont Corp. (Metals & Mining) | 128 | ||||||
1,738 | NextEra Energy, Inc. (Electric Utilities) | 422 | ||||||
1,284 | Nielsen Holdings PLC (Professional Services) | 26 | ||||||
4,542 | NIKE, Inc., Class – B (Textiles, Apparel & Luxury Goods) | 460 | ||||||
1,399 | NiSource, Inc. (Multi-Utilities) | 39 | ||||||
1,746 | Noble Energy, Inc. (Oil, Gas & Consumable Fuels) | 43 | ||||||
415 | Nordstrom, Inc. (Multiline Retail) | 17 |
Shares | Security Description | Value (000) | ||||||
United States (continued) |
| |||||||
953 | Norfolk Southern Corp. (Road & Rail) | $ | 185 | |||||
734 | Northern Trust Corp. (Capital Markets) | 78 | ||||||
581 | Northrop Grumman Corp. (Aerospace & Defense) | 200 | ||||||
2,309 | Nortonlifelock, Inc. (Software) | 59 | ||||||
786 | Norwegian Cruise Line Holdings Ltd. (Hotels, Restaurants & Leisure) (b) | 46 | ||||||
1,086 | Nucor Corp. (Metals & Mining) | 61 | ||||||
2,099 | NVIDIA Corp. (Semiconductors & Semiconductor Equipment) | 494 | ||||||
13 | NVR, Inc. (Household Durables) (b) | 50 | ||||||
3,229 | Occidental Petroleum Corp. (Oil, Gas & Consumable Fuels) | 133 | ||||||
722 | OGE Energy Corp. (Electric Utilities) | 32 | ||||||
399 | Okta, Inc. (IT Services) (b) | 46 | ||||||
235 | Old Dominion Freight Line, Inc. (Road & Rail) | 45 | ||||||
808 | Omnicom Group, Inc. (Media) | 65 | ||||||
1,479 | ON Semiconductor Corp. (Semiconductors & Semiconductor Equipment) (b) | 36 | ||||||
1,489 | ONEOK, Inc. (Oil, Gas & Consumable Fuels) | 113 | ||||||
8,472 | Oracle Corp. (Software) | 449 | ||||||
396 | Owens Corning, Inc. (Building Products) | 26 | ||||||
1,248 | PACCAR, Inc. (Machinery) | 99 | ||||||
463 | Parker Hannifin Corp. (Machinery) | 95 | ||||||
1,166 | Paychex, Inc. (IT Services) | 99 | ||||||
186 | PAYCOM Software, Inc. (Software) (b) | 49 | ||||||
4,056 | PayPal Holdings, Inc. (IT Services) (b) | 439 | ||||||
1,628 | People’s United Financial, Inc. (Banks) | 28 | ||||||
5,076 | PepsiCo, Inc. (Beverages) | 694 | ||||||
400 | PerkinElmer, Inc. (Life Sciences Tools & Services) | 39 | ||||||
466 | Perrigo Co. PLC (Pharmaceuticals) | 24 | ||||||
1,623 | Phillips 66 (Oil, Gas & Consumable Fuels) | 181 | ||||||
421 | Pinnacle West Capital Corp. (Electric Utilities) | 38 | ||||||
602 | Pioneer Natural Resources Co. (Oil, Gas & Consumable Fuels) | 91 | ||||||
1,613 | PNC Financial Services Group, Inc. (Banks) | 257 | ||||||
852 | PPG Industries, Inc. (Chemicals) | 114 | ||||||
2,601 | PPL Corp. (Electric Utilities) | 93 | ||||||
1,045 | Principal Financial Group, Inc. (Insurance) | 57 | ||||||
2,284 | Prologis, Inc. (Equity Real Estate Investment Trusts) | 203 | ||||||
1,452 | Prudential Financial, Inc. (Insurance) | 136 | ||||||
407 | PTC, Inc. (Software) (b) | 30 | ||||||
1,823 | Public Service Enterprise Group, Inc. (Multi-Utilities) | 108 | ||||||
950 | PulteGroup, Inc. (Household Durables) | 37 | ||||||
273 | PVH Corp. (Textiles, Apparel & Luxury Goods) | 29 | ||||||
444 | Qorvo, Inc. (Semiconductors & Semiconductor Equipment) (b) | 52 | ||||||
504 | Quest Diagnostics, Inc. (Health Care Providers & Services) | 54 | ||||||
190 | Ralph Lauren Corp. (Textiles, Apparel & Luxury Goods) | 22 | ||||||
458 | Raymond James Financial, Inc. (Capital Markets) | 41 | ||||||
1,009 | Raytheon Co. (Aerospace & Defense) | 222 | ||||||
1,184 | Realty Income Corp. (Equity Real Estate Investment Trusts) | 87 |
See accompanying notes to financial statements.
102
HC CAPITAL TRUST
The ESG Growth Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
United States (continued) |
| |||||||
627 | Regency Centers Corp. (Equity Real Estate Investment Trusts) | $ | 40 | |||||
292 | Regeneron Pharmaceuticals, Inc. (Biotechnology) (b) | 110 | ||||||
3,576 | Regions Financial Corp. (Banks) | 61 | ||||||
227 | Reinsurance Group of America (Insurance) | 37 | ||||||
537 | ResMed, Inc. (Health Care Equipment & Supplies) | 83 | ||||||
240 | RingCentral, Inc., Class – A (Software) (b) | 40 | ||||||
442 | Robert Half International, Inc. (Professional Services) | 28 | ||||||
421 | Rockwell Automation, Inc. (Electrical Equipment) | �� | 85 | |||||
320 | Roku, Inc. (Household Durables) (b) | 43 | ||||||
532 | Rollins, Inc. (Commercial Services & Supplies) | 18 | ||||||
375 | Roper Industries, Inc. (Industrial Conglomerates) | 133 | ||||||
1,318 | Ross Stores, Inc. (Specialty Retail) | 153 | ||||||
434 | RPM International, Inc. (Chemicals) | 33 | ||||||
892 | S&P Global, Inc. (Capital Markets) | 244 | ||||||
995 | Sabre Corp. (IT Services) | 22 | ||||||
3,023 | Salesforce.com, Inc. (Software) (b) | 492 | ||||||
283 | Sarepta Therapeutics, Inc. (Biotechnology) (b) | 37 | ||||||
407 | SBA Communications Corp. (Equity Real Estate Investment Trusts) | 98 | ||||||
5,006 | Schlumberger Ltd. (Energy Equipment & Services) | 201 | ||||||
916 | Seagate Technology Holdings, Inc. (Technology Hardware, Storage & Peripherals) | 55 | ||||||
562 | Sealed Air Corp. (Containers & Packaging) | 22 | ||||||
992 | Sempra Energy (Multi-Utilities) | 150 | ||||||
678 | ServiceNow, Inc. (Software) (b) | 191 | ||||||
199 | Signature Bank (Banks) | 27 | ||||||
1,114 | Simon Property Group, Inc. (Equity Real Estate Investment Trusts) | 166 | ||||||
5,988 | Sirius XM Holdings, Inc. (Media) | 43 | ||||||
616 | Skyworks Solutions, Inc. (Semiconductors & Semiconductor Equipment) | 74 | ||||||
302 | SL Green Realty Corp. (Equity Real Estate Investment Trusts) | 28 | ||||||
2,650 | Snap, Inc., Class – A (Interactive Media & Services) (b) | 43 | ||||||
207 | Snap-on, Inc. (Machinery) | 35 | ||||||
506 | Southwest Airlines Co. (Airlines) | 27 | ||||||
381 | Spirit Aerosystems Holdings, Inc., Class – A (Aerospace & Defense) | 28 | ||||||
540 | Splunk, Inc. (Software) (b) | 81 | ||||||
2,946 | Sprint Nextel Corp. (Wireless Telecommunication Services) (b) | 15 | ||||||
1,262 | Square, Inc., Class – A (IT Services) (b) | 79 | ||||||
854 | SS&C Technologies Holdings, Inc. (Software) | 52 | ||||||
547 | Stanley Black & Decker, Inc. (Machinery) | 91 | ||||||
4,342 | Starbucks Corp. (Hotels, Restaurants & Leisure) | 382 | ||||||
1,343 | State Street Corp. (Capital Markets) | 106 | ||||||
809 | Steel Dynamics, Inc. (Metals & Mining) | 28 | ||||||
190 | SVB Financial Group (Banks) (b) | 48 | ||||||
2,147 | Synchrony Financial (Consumer Finance) | 77 | ||||||
562 | Synopsys, Inc. (Software) (b) | 78 | ||||||
1,761 | Sysco Corp. (Food & Staples Retailing) | 151 |
Shares | Security Description | Value (000) | ||||||
United States (continued) |
| |||||||
849 | T. Rowe Price Group, Inc. (Capital Markets) | $ | 103 | |||||
422 | Take-Two Interactive Software, Inc. (Entertainment) (b) | 52 | ||||||
1,009 | Tapestry, Inc. (Textiles, Apparel & Luxury Goods) | 27 | ||||||
871 | Targa Resources Corp. (Oil, Gas & Consumable Fuels) | 36 | ||||||
1,850 | Target Corp. (Multiline Retail) | 237 | ||||||
1,027 | TD Ameritrade Holding Corp. (Capital Markets) | 51 | ||||||
122 | Teledyne Technologies, Inc. (Aerospace & Defense) (b) | 42 | ||||||
173 | Teleflex, Inc. (Health Care Equipment & Supplies) | 65 | ||||||
605 | Teradyne, Inc. (Semiconductors & Semiconductor Equipment) | 41 | ||||||
486 | Tesla, Inc. (Automobiles) (b) | 203 | ||||||
3,387 | Texas Instruments, Inc. (Semiconductors & Semiconductor Equipment) | 435 | ||||||
847 | Textron, Inc. (Aerospace & Defense) | 38 | ||||||
2,484 | The AES Corp. (Independent Power and Renewable Electricity Producers) | 49 | ||||||
1,940 | The Boeing Co. (Aerospace & Defense) | 631 | ||||||
4,259 | The Charles Schwab Corp. (Capital Markets) | 203 | ||||||
451 | The Clorox Co. (Household Products) | 69 | ||||||
14,752 | The Coca-Cola Co. (Beverages) | 817 | ||||||
185 | The Cooper Cos., Inc. (Health Care Equipment & Supplies) | 59 | ||||||
800 | The Estee Lauder Cos., Inc., Class – A (Personal Products) | 166 | ||||||
3,977 | The Home Depot, Inc. (Specialty Retail) | 868 | ||||||
1,390 | The Interpublic Group of Cos., Inc. (Media) | 32 | ||||||
427 | The J.M. Smucker Co. (Food Products) | 44 | ||||||
2,411 | The Kraft Heinz Co. (Food Products) | 77 | ||||||
2,873 | The Kroger Co. (Food & Staples Retailing) | 83 | ||||||
201 | The Middleby Corp. (Machinery) (b) | 22 | ||||||
1,323 | The Mosaic Co. (Chemicals) | 29 | ||||||
9,091 | The Procter & Gamble Co. (Household Products) | 1,136 | ||||||
2,113 | The Progressive Corp. (Insurance) | 153 | ||||||
300 | The Sherwin-Williams Co. (Chemicals) | 175 | ||||||
3,786 | The Southern Co. (Electric Utilities) | 241 | ||||||
4,380 | The TJX Cos., Inc. (Specialty Retail) | 267 | ||||||
940 | The Travelers Cos., Inc. (Insurance) | 129 | ||||||
6,543 | The Walt Disney Co. (Entertainment) | 946 | ||||||
4,367 | The Williams Cos., Inc. (Oil, Gas & Consumable Fuels) | 104 | ||||||
1,453 | Thermo Fisher Scientific, Inc. (Life Sciences Tools & Services) | 471 | ||||||
396 | Tiffany & Co. (Specialty Retail) | 53 | ||||||
1,231 | T-Mobile USA, Inc. (Wireless Telecommunication Services) (b) | 97 | ||||||
453 | Tractor Supply Co. (Specialty Retail) | 42 | ||||||
173 | TransDigm Group, Inc. (Aerospace & Defense) | 97 | ||||||
702 | TransUnion (Professional Services) | 60 | ||||||
908 | Trimble, Inc. (Electronic Equipment, Instruments & Components) (b) | 38 | ||||||
385 | TripAdvisor, Inc. (Interactive Media & Services) | 12 | ||||||
4,859 | Truist Financial Corp. (Banks) | 274 | ||||||
418 | Twilio, Inc., Class – A (IT Services) (b) | 41 |
See accompanying notes to financial statements.
103
HC CAPITAL TRUST
The ESG Growth Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
United States (continued) |
| |||||||
2,737 | Twitter, Inc. (Interactive Media & Services) (b) | $ | 88 | |||||
137 | Tyler Technologies, Inc. (Software) (b) | 41 | ||||||
1,061 | Tyson Foods, Inc., Class – A (Food Products) | 97 | ||||||
5,427 | U.S. Bancorp (Banks) | 322 | ||||||
667 | Uber Technologies, Inc. (Road & Rail) (b) | 20 | ||||||
1,055 | UDR, Inc. (Equity Real Estate Investment Trusts) | 49 | ||||||
773 | UGI Corp. (Gas Utilities) | 35 | ||||||
204 | Ulta Beauty, Inc. (Specialty Retail) (b) | 52 | ||||||
678 | Under Armour, Inc., Class – A (Textiles, Apparel & Luxury Goods) (b) | 15 | ||||||
695 | Under Armour, Inc., Class – C (Textiles, Apparel & Luxury Goods) (b) | 13 | ||||||
2,556 | Union Pacific Corp. (Road & Rail) | 461 | ||||||
2,531 | United Parcel Service, Inc., Class – B (Air Freight & Logistics) | 297 | ||||||
287 | United Rentals, Inc. (Trading Companies & Distributors) (b) | 48 | ||||||
2,974 | United Technologies Corp. (Aerospace & Defense) | 445 | ||||||
3,442 | UnitedHealth Group, Inc. (Health Care Providers & Services) | 1,013 | ||||||
1,221 | V.F. Corp. (Textiles, Apparel & Luxury Goods) | 122 | ||||||
146 | Vail Resorts, Inc. (Hotels, Restaurants & Leisure) | 35 | ||||||
1,498 | Valero Energy Corp. (Oil, Gas & Consumable Fuels) | 140 | ||||||
341 | Varian Medical Systems, Inc. (Health Care Equipment & Supplies) (b) | 48 | ||||||
473 | Veeva Systems, Inc. (Health Care Technology) (b) | 67 | ||||||
1,339 | Ventas, Inc. (Equity Real Estate Investment Trusts) | 77 | ||||||
382 | VeriSign, Inc. (IT Services) (b) | 74 | ||||||
15,021 | Verizon Communications, Inc. (Diversified Telecommunication Services) | 922 | ||||||
559 | Versik Analytics, Inc., Class – A (Professional Services) | 83 | ||||||
930 | Vertex Pharmaceuticals, Inc. (Biotechnology) (b) | 204 | ||||||
1,640 | VICI Properties, Inc. (Equity Real Estate Investment Trusts) | 42 | ||||||
6,273 | Visa, Inc., Class – A (IT Services) | 1,180 | ||||||
310 | VMware, Inc., Class – A (Software) (b) | 47 | ||||||
644 | Vornado Realty Trust (Equity Real Estate Investment Trusts) | 43 | ||||||
527 | Voya Financial, Inc. (Diversified Financial Services) | 32 | ||||||
495 | Vulcan Materials Co. (Construction Materials) | 72 | ||||||
174 | W.W. Grainger, Inc. (Trading Companies & Distributors) | 59 | ||||||
185 | WABCO Holdings, Inc. (Machinery) (b) | 25 | ||||||
676 | Wabtec Corp. (Machinery) | 53 | ||||||
2,775 | Walgreens Boots Alliance, Inc. (Food & Staples Retailing) | 164 | ||||||
5,182 | Wal-Mart Stores, Inc. (Food & Staples Retailing) | 615 | ||||||
1,534 | Waste Management, Inc. (Commercial Services & Supplies) | 175 | ||||||
239 | Waters Corp. (Life Sciences Tools & Services) (b) | 56 | ||||||
216 | Wayfair, Inc., Class – A (Internet & Direct Marketing Retail) (b) | 20 |
Shares | Security Description | Value (000) | ||||||
United States (continued) |
| |||||||
1,137 | WEC Energy Group, Inc. (Multi-Utilities) | $ | 105 | |||||
1,462 | Welltower, Inc. (Equity Real Estate Investment Trusts) | 120 | ||||||
262 | West Pharmaceutical Services, Inc. (Health Care Equipment & Supplies) | 39 | ||||||
1,574 | Western Union Co. (IT Services) | 42 | ||||||
923 | WestRock Co. (Containers & Packaging) | 40 | ||||||
2,678 | Weyerhaeuser Co. (Equity Real Estate Investment Trusts) | 81 | ||||||
230 | Whirlpool Corp. (Household Durables) | 34 | ||||||
605 | Workday, Inc., Class – A (Software) (b) | 99 | ||||||
638 | WP Carey, Inc. (Equity Real Estate Investment Trusts) | 51 | ||||||
1,858 | Xcel Energy, Inc. (Electric Utilities) | 118 | ||||||
751 | Xerox Holdings Corp. (Technology Hardware, Storage & Peripherals) | 28 | ||||||
909 | Xilinx, Inc. (Semiconductors & Semiconductor Equipment) | 89 | ||||||
675 | Xylem, Inc. (Machinery) | 53 | ||||||
1,097 | YUM! Brands, Inc. (Hotels, Restaurants & Leisure) | 111 | ||||||
202 | Zebra Technologies Corp., Class – A (Electronic Equipment, Instruments & Components) (b) | 52 | ||||||
672 | Zions Bancorp (Banks) | 35 | ||||||
1,729 | Zoetis, Inc. (Pharmaceuticals) | 229 | ||||||
|
| |||||||
89,899 | ||||||||
|
| |||||||
Total Common Stocks | 149,619 | |||||||
|
| |||||||
Preferred Stocks — 0.06% | ||||||||
Germany — 0.06% |
| |||||||
201 | Bayerische Motoren Werke Aktiengesellschaft — Preferred (Automobiles) | 12 | ||||||
251 | Fuchs Petrolub AG — Preferred (Chemicals) | 12 | ||||||
668 | Henkel AG & Co. KGAA — Preferred (Household Products) | 70 | ||||||
|
| |||||||
Total Preferred Stocks | 94 | |||||||
|
| |||||||
Rights — 0.00% | ||||||||
Spain — 0.00% |
| |||||||
4,712 | Repsol SA (Oil, Gas & Consumable Fuels) (b) | 3 | ||||||
|
| |||||||
United Kingdom — 0.00% |
| |||||||
295,596 | Rolls-Royce Holdings PLC (Aerospace & Defense) (b) | — | ||||||
|
| |||||||
Total Rights | 3 | |||||||
|
| |||||||
Investment Company — 6.29% | ||||||||
10,147,977 | State Street Institutional Treasury Plus Money Market Fund, Trust Class, 1.49% (c) | 10,148 | ||||||
|
| |||||||
Total Investment Company | 10,148 | |||||||
|
| |||||||
Total Investments | 159,864 | |||||||
Other assets in excess of | 1,355 | |||||||
|
| |||||||
Net Assets — 100.00% | $ | 161,219 | ||||||
|
|
See accompanying notes to financial statements.
104
HC CAPITAL TRUST
The ESG Growth Portfolio
Portfolio of Investments (concluded) — December 31, 2019 (Unaudited)
Amounts designated as “—” are $0 or have been rounded to $0.
(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) | Representsnon-income producing security. |
(c) | The rate disclosed is the rate in effect on December 31, 2019. |
ADR — American Depositary Receipt
FDR — Fiduciary Depositary Receipt
REIT — Real Estate Investment Trust
The following table reflects the percentage of total net assets of the Portfolio attributable to each Specialist Manager as of December 31, 2019.
The ESG Growth Portfolio | Mellon Investments Corporation | Parametric Portfolio Associates, LLC | Total | |||||||||
Common Stocks | 92.81 | % | — | 92.81 | % | |||||||
Preferred Stocks | 0.06 | % | — | 0.06 | % | |||||||
Rights | 0.00 | % | — | 0.00 | % | |||||||
Investment Company | 0.06 | % | 6.23 | % | 6.29 | % | ||||||
Other Assets (Liabilities) | 0.17 | % | 0.67 | % | 0.84 | % | ||||||
|
|
|
|
|
| |||||||
Total Net Assets | 93.10 | % | 6.90 | % | 100.00 | % | ||||||
|
|
|
|
|
|
Amounts designated as “—” indicate the Specialist Manager did not manage any holdings in that category.
Amounts designated as “0.00%” round to less than 0.005%.
The following table reflects the open derivative positions held by the Portfolio as of December 31, 2019.
Futures Contracts Purchased^
Description | Number of | Expiration Date | Notional Amount (000) | Value and Unrealized Appreciation/ (Depreciation) (000) | ||||||||||
E-Mini S&P 500 Future | 39 | 3/20/20 | $ | 6,300 | $ | 60 | ||||||||
MSCI EAFE Index Future | 41 | 3/20/20 | 4,175 | 16 | ||||||||||
|
|
|
| |||||||||||
$ | 10,475 | $ | 76 | |||||||||||
|
|
|
| |||||||||||
Total Unrealized Appreciation |
| $ | 76 | |||||||||||
Total Unrealized Depreciation |
| — | ||||||||||||
|
| |||||||||||||
Total Net Unrealized Appreciation/(Depreciation) |
| $ | 76 | |||||||||||
|
|
^ | Cash has been pledged as collateral for futures contracts held by the Portfolio. |
Amounts designated as “—” are $0 or have been rounded to $0.
See accompanying notes to financial statements.
105
HC CAPITAL TRUST
The Catholic SRI Growth Portfolio
Portfolio of Investments — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks — 99.37% | ||||||||
Australia — 2.39% |
| |||||||
929 | AGL Energy Ltd. (Multi-Utilities) | $ | 13 | |||||
3,121 | Alumina Ltd. (Metals & Mining) | 5 | ||||||
4,355 | AMP Ltd. (Diversified Financial Services) | 6 | ||||||
1,672 | APA Group (Gas Utilities) | 13 | ||||||
812 | Aristocrat Leisure Ltd. (Hotels, Restaurants & Leisure) | 19 | ||||||
274 | ASX Ltd. (Capital Markets) | 15 | ||||||
2,899 | Aurizon Holdings Ltd. (Road & Rail) | 11 | ||||||
2,299 | AusNet Services (Electric Utilities) | 3 | ||||||
4,080 | Australia & New Zealand Banking Group Ltd. (Banks) | 71 | ||||||
726 | Bendigo & Adelaide Bank Ltd. (Banks) | 5 | ||||||
4,206 | BHP Billiton Ltd. (Metals & Mining) | 116 | ||||||
3,028 | BHP Group PLC (Metals & Mining) | 72 | ||||||
791 | BlueScope Steel Ltd. (Metals & Mining) | 8 | ||||||
1,738 | Boral Ltd. (Construction Materials) | 5 | ||||||
2,249 | Brambles Ltd. (Commercial Services & Supplies) | 18 | ||||||
369 | Caltex Australia Ltd. (Oil, Gas & Consumable Fuels) | 9 | ||||||
693 | Challenger Ltd. (Diversified Financial Services) | 4 | ||||||
123 | CIMIC Group Ltd. (Construction & Engineering) | 3 | ||||||
670 | Coca-Cola Amatil Ltd. (Beverages) | 5 | ||||||
82 | Cochlear Ltd. (Health Care Equipment & Supplies) | 13 | ||||||
1,604 | Coles Group Ltd. (Food & Staples Retailing) | 17 | ||||||
2,542 | Commonwealth Bank of Australia (Banks) | 143 | ||||||
718 | Computershare Ltd. (IT Services) | 8 | ||||||
469 | Crown Resorts Ltd. (Hotels, Restaurants & Leisure) | 4 | ||||||
1,545 | Dexus (Equity Real Estate Investment Trusts) | 13 | ||||||
70 | Flight Centre Travel Group Ltd. (Hotels, Restaurants & Leisure) | 2 | ||||||
1,990 | Fortescue Metals Group Ltd. (Metals & Mining) | 15 | ||||||
2,302 | Goodman Group (Equity Real Estate Investment Trusts) | 22 | ||||||
2,746 | GPT Group (Equity Real Estate Investment Trusts) | 11 | ||||||
668 | Harvey Norman Holdings Ltd. (Multiline Retail) | 2 | ||||||
2,488 | Incitec Pivot Ltd. (Chemicals) | 6 | ||||||
3,263 | Insurance Australia Group Ltd. (Insurance) | 17 | ||||||
829 | LendLease Group (Real Estate Management & Development) | 10 | ||||||
473 | Macquarie Group Ltd. (Capital Markets) | 45 | ||||||
192 | Magellan Financial Group Ltd. (Capital Markets) | 8 | ||||||
3,915 | Medibank Private Ltd. (Insurance) | 9 | ||||||
5,538 | Mirvac Group (Equity Real Estate Investment Trusts) | 12 | ||||||
4,123 | National Australia Bank Ltd. (Banks) | 71 | ||||||
1,084 | Newcrest Mining Ltd. (Metals & Mining) | 23 | ||||||
559 | Orica Ltd. (Chemicals) | 8 | ||||||
2,493 | Origin Energy Ltd. (Oil, Gas & Consumable Fuels) | 15 | ||||||
942 | Qantas Airways Ltd. (Airlines) | 5 | ||||||
1,879 | QBE Insurance Group Ltd. (Insurance) | 17 | ||||||
81 | REA Group Ltd. (Interactive Media & Services) | 6 | ||||||
544 | Rio Tinto Ltd. (Metals & Mining) | 38 | ||||||
2,509 | Santos Ltd. (Oil, Gas & Consumable Fuels) | 14 |
Shares | Security Description | Value (000) | ||||||
Australia (continued) |
| |||||||
7,504 | Scentre Group (Equity Real Estate Investment Trusts) | $ | 20 | |||||
492 | Seek Ltd. (Professional Services) | 8 | ||||||
638 | Sonic Healthcare Ltd. (Health Care Providers & Services) | 13 | ||||||
7,513 | South32 Ltd. (Metals & Mining) | 14 | ||||||
3,417 | Stockland (Equity Real Estate Investment Trusts) | 11 | ||||||
1,781 | Suncorp Group Ltd. (Insurance) | 16 | ||||||
1,620 | Sydney Airport (Transportation Infrastructure) | 10 | ||||||
2,868 | Tabcorp Holdings Ltd. (Hotels, Restaurants & Leisure) | 9 | ||||||
6,212 | Telstra Corp. Ltd. (Diversified Telecommunication Services) | 16 | ||||||
467 | TPG Telecom Ltd. (Diversified Telecommunication Services) | 2 | ||||||
3,915 | Transurban Group (Transportation Infrastructure) | 41 | ||||||
1,020 | Treasury Wine Estates Ltd. (Beverages) | 12 | ||||||
4,776 | Vicinity Centres (Equity Real Estate Investment Trusts) | 8 | ||||||
150 | Washington H Soul Pattinson & Co. Ltd. (Oil, Gas & Consumable Fuels) | 2 | ||||||
1,657 | Wesfarmers Ltd. (Food & Staples Retailing) | 47 | ||||||
4,993 | Westpac Banking Corp. (Banks) | 85 | ||||||
185 | Wisetech Global Ltd. (Software) | 3 | ||||||
1,374 | Woodside Petroleum Ltd. (Oil, Gas & Consumable Fuels) | 33 | ||||||
1,839 | Woolworths Group Ltd. (Food & Staples Retailing) | 47 | ||||||
529 | Worley Ltd. (Energy Equipment & Services) | 6 | ||||||
|
| |||||||
1,358 | ||||||||
|
| |||||||
Austria — 0.08% |
| |||||||
91 | ANDRITZ AG (Machinery) | 4 | ||||||
425 | Erste Group Bank AG (Banks) | 16 | ||||||
219 | OMV AG (Oil, Gas & Consumable Fuels) | 12 | ||||||
187 | Raiffeisen Bank International AG (Banks) (a) | 5 | ||||||
106 | Verbund AG (Electric Utilities) | 5 | ||||||
146 | Voestalpine AG (Metals & Mining) | 4 | ||||||
|
| |||||||
46 | ||||||||
|
| |||||||
Belgium — 0.35% |
| |||||||
258 | Ageas (Insurance) | 15 | ||||||
1,086 | Anheuser-Busch InBev N.V. (Beverages) | 89 | ||||||
73 | Colruyt SA (Food & Staples Retailing) | 4 | ||||||
114 | Groupe Bruxelles Lambert SA (Diversified Financial Services) | 12 | ||||||
352 | KBC Groep N.V. (Banks) | 26 | ||||||
225 | Proximus SADP (Diversified Telecommunication Services) | 6 | ||||||
105 | Solvay SA (Chemicals) | 12 | ||||||
59 | Telenet Group Holding N.V. (Media) | 3 | ||||||
188 | UCB SA (Pharmaceuticals) | 15 | ||||||
289 | Umicore SA (Chemicals) (a) | 14 | ||||||
|
| |||||||
196 | ||||||||
|
| |||||||
Bermuda — 0.27% |
| |||||||
594 | Arch Capital Group Ltd. (Insurance) (b) | 25 | ||||||
230 | Athene Holding Ltd. (Insurance) (b) | 11 | ||||||
207 | Bunge Ltd. (Food Products) | 12 | ||||||
58 | Everest Re Group Ltd. (Insurance) | 16 |
See accompanying notes to financial statements.
106
HC CAPITAL TRUST
The Catholic SRI Growth Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Bermuda (continued) |
| |||||||
555 | IHS Markit Ltd. (Professional Services) (b) | $ | 42 | |||||
563 | Invesco Ltd. (Capital Markets) | 10 | ||||||
881 | Marvell Technology Group Ltd. (Semiconductors & Semiconductor Equipment) | 23 | ||||||
66 | RenaissanceRe Holdings Ltd. (Insurance) | 13 | ||||||
1,000 | Yue Yuen Industrial Holdings Ltd. (Textiles, Apparel & Luxury Goods) | 3 | ||||||
|
| |||||||
155 | ||||||||
|
| |||||||
Canada — 3.87% |
| |||||||
300 | Agnico-Eagle Mines Ltd. (Metals & Mining) | 18 | ||||||
200 | Air Canada (Airlines) (b) | 7 | ||||||
700 | Algonquin Power & Utilities Corp. (Multi-Utilities) | 10 | ||||||
1,300 | Alimentation Couche-Tard, Inc., Class – B (Food & Staples Retailing) | 41 | ||||||
400 | AltaGas Ltd. (Gas Utilities) | 6 | ||||||
100 | Atco Ltd. (Multi-Utilities) | 4 | ||||||
1,000 | Aurora Cannabis, Inc. (Pharmaceuticals)^ (b) | 2 | ||||||
919 | Bank of Montreal (Banks) | 71 | ||||||
2,500 | Barrick Gold Corp. (Metals & Mining) | 46 | ||||||
200 | BCE, Inc. (Diversified Telecommunication Services) | 9 | ||||||
700 | Blackberry Ltd. (Software) (b) | 5 | ||||||
2,700 | Bombardier, Inc. (Aerospace & Defense) (a)(b) | 4 | ||||||
1,300 | Brookfield Asset Management, Inc. (Capital Markets) | 75 | ||||||
600 | Cameco Corp. (Oil, Gas & Consumable Fuels) | 5 | ||||||
100 | Canadian Apartment Properties REIT (Equity Real Estate Investment Trusts) (a) | 4 | ||||||
600 | Canadian Imperial Bank of Commerce (Banks) | 50 | ||||||
1,029 | Canadian National Railway Co. (Road & Rail) | 93 | ||||||
1,700 | Canadian Natural Resources Ltd. (Oil, Gas & Consumable Fuels) | 55 | ||||||
200 | Canadian Pacific Railway Ltd. (Road & Rail) | 51 | ||||||
100 | Canadian Tire Corp. Ltd., Class – A (Multiline Retail) | 11 | ||||||
200 | Canadian Utilities Ltd., Class – A (Multi-Utilities) | 6 | ||||||
300 | Canopy Growth Corp. (Pharmaceuticals)^ (a)(b) | 7 | ||||||
200 | CCL Industries, Inc., Class – B (Containers & Packaging) (a) | 9 | ||||||
1,500 | Cenovus Energy, Inc. (Oil, Gas & Consumable Fuels) | 15 | ||||||
400 | CGI, Inc. (IT Services) (b) | 33 | ||||||
300 | CI Financial Corp. (Capital Markets) | 5 | ||||||
26 | Constellation Software, Inc. (Software) | 25 | ||||||
300 | Cronos Group, Inc. (Pharmaceuticals)^ (b) | 2 | ||||||
400 | Dollarama, Inc. (Multiline Retail) | 14 | ||||||
400 | Emera, Inc. (Electric Utilities) | 17 | ||||||
200 | Empire Co. Ltd. (Food & Staples Retailing) | 5 | ||||||
2,895 | Enbridge, Inc. (Oil, Gas & Consumable Fuels) | 116 | ||||||
2,100 | Encana Corp. (Oil, Gas & Consumable Fuels) | 10 | ||||||
36 | Fairfax Financial Holdings Ltd. (Insurance) | 17 | ||||||
300 | First Capital Real Estate Investment Trust (Real Estate Management & Development) | 5 | ||||||
900 | First Quantum Minerals Ltd. (Metals & Mining) | 9 | ||||||
650 | Fortis, Inc. (Electric Utilities) | 27 |
Shares | Security Description | Value (000) | ||||||
Canada (continued) |
| |||||||
239 | Franco-Nevada Corp. (Metals & Mining) | $ | 25 | |||||
300 | Gildan Activewear, Inc. (Textiles, Apparel & Luxury Goods) | 9 | ||||||
400 | Great-West Lifeco, Inc. (Insurance) | 10 | ||||||
200 | H&R Real Estate Investment Trust (Equity Real Estate Investment Trusts) | 3 | ||||||
500 | Husky Energy, Inc. (Oil, Gas & Consumable Fuels) | 4 | ||||||
500 | Hydro One Ltd. (Electric Utilities) (a) | 10 | ||||||
138 | iA Financial Corp., Inc. (Insurance) | 8 | ||||||
100 | IGM Financial, Inc. (Capital Markets) | 3 | ||||||
349 | Imperial Oil Ltd. (Oil, Gas & Consumable Fuels) | 9 | ||||||
200 | Intact Financial Corp. (Insurance) (a) | 22 | ||||||
600 | Inter Pipeline Ltd. (Oil, Gas & Consumable Fuels) | 10 | ||||||
300 | Keyera Corp. (Oil, Gas & Consumable Fuels) (a) | 8 | ||||||
1,800 | Kinross Gold Corp. (Metals & Mining) (b) | 9 | ||||||
300 | Kirkland Lake Gold Ltd. (Metals & Mining) | 13 | ||||||
237 | Loblaw Companies Ltd. (Food & Staples Retailing) | 12 | ||||||
159 | Lululemon Athletica, Inc. (Textiles, Apparel & Luxury Goods) (b) | 37 | ||||||
1,000 | Lundin Mining Corp. (Metals & Mining) (a) | 6 | ||||||
400 | Magna International, Inc. (Auto Components) | 22 | ||||||
2,800 | Manulife Financial Corp. (Insurance) | 56 | ||||||
100 | Methanex Corp. (Chemicals) | 4 | ||||||
400 | Metro, Inc. (Food & Staples Retailing) | 17 | ||||||
530 | National Bank of Canada (Banks) | 29 | ||||||
800 | Nutrien Ltd. (Chemicals) | 38 | ||||||
100 | Onex Corp. (Diversified Financial Services) | 6 | ||||||
345 | Open Text Corp. (Software) (a) | 15 | ||||||
200 | Parkland Fuel Corp. (Oil, Gas & Consumable Fuels) (a) | 7 | ||||||
752 | Pembina Pipelines Corp. (Oil, Gas & Consumable Fuels)^ | 28 | ||||||
400 | Power Corp. of Canada (Insurance) | 10 | ||||||
400 | Power Financial Corp. (Insurance) | 11 | ||||||
300 | PrairieSky Royalty Ltd. (Oil, Gas & Consumable Fuels) (a) | 4 | ||||||
300 | Quebecor, Inc. (Media) | 8 | ||||||
400 | Restaurant Brands International, Inc. (Hotels, Restaurants & Leisure) | 25 | ||||||
200 | RioCan Real Estate Investment Trust (Equity Real Estate Investment Trusts) (a) | 5 | ||||||
500 | Rogers Communications, Inc. (Wireless Telecommunication Services) | 25 | ||||||
2,041 | Royal Bank of Canada (Banks) | 162 | ||||||
300 | Saputo, Inc. (Food Products) (a) | 9 | ||||||
700 | Shaw Communications, Inc., Class – B (Media) | 14 | ||||||
126 | Shopify, Inc. (IT Services) (b) | 51 | ||||||
100 | SmartCentres Real Estate Investment Trust (Equity Real Estate Investment Trusts) | 2 | ||||||
900 | Sun Life Financial, Inc. (Insurance) | 41 | ||||||
2,200 | Suncor Energy, Inc. (Oil, Gas & Consumable Fuels) | 72 | ||||||
1,300 | TC Energy Corp. (Oil, Gas & Consumable Fuels) | 69 | ||||||
700 | Teck Cominco Ltd., Class – B (Metals & Mining) | 12 | ||||||
300 | TELUS Corp. (Diversified Telecommunication Services) | 12 |
See accompanying notes to financial statements.
107
HC CAPITAL TRUST
The Catholic SRI Growth Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Canada (continued) |
| |||||||
1,772 | The Bank of Nova Scotia (Banks) | $ | 100 | |||||
300 | The Stars Group, Inc. (Hotels, Restaurants & Leisure) (b) | 8 | ||||||
2,648 | The Toronto-Dominion Bank (Banks) | 149 | ||||||
300 | Thomson Reuters Corp. (Professional Services) | 21 | ||||||
400 | Waste Connections, Inc. (Commercial Services & Supplies) | 36 | ||||||
100 | West Fraser Timber Co. Ltd. (Paper & Forest Products) | 4 | ||||||
100 | Weston (George) Ltd. (Food & Staples Retailing) | 8 | ||||||
600 | Wheaton Precious Metals Corp. (Metals & Mining) | 18 | ||||||
134 | WSP Global, Inc. (Construction & Engineering) | 9 | ||||||
|
| |||||||
2,194 | ||||||||
|
| |||||||
China — 0.03% |
| |||||||
300 | Jardine Matheson Holdings Ltd. (Industrial Conglomerates) | 17 | ||||||
|
| |||||||
Denmark — 0.39% |
| |||||||
5 | A.P. Moller – Maersk A/S, Class – A (Marine) | 7 | ||||||
9 | A.P. Moller – Maersk A/S, Class – B (Marine) | 13 | ||||||
151 | Carlsberg A/S, Class – B (Beverages) | 23 | ||||||
149 | Christian Hansen Holding A/S (Chemicals) (a) | 12 | ||||||
168 | Coloplast A/S, Class – B (Health Care Equipment & Supplies) | 20 | ||||||
950 | Danske Bank A/S (Banks) | 15 | ||||||
143 | Demant A/S (Health Care Equipment & Supplies) (b) | 5 | ||||||
320 | DSV Panalpina A/S (Road & Rail) | 36 | ||||||
234 | ISS A/S (Commercial Services & Supplies) | 6 | ||||||
310 | Novozymes A/S, B Shares (Chemicals) | 15 | ||||||
266 | Orsted A/S (Electric Utilities) (a) | 28 | ||||||
156 | Pandora A/S (Textiles, Apparel & Luxury Goods) (a) | 7 | ||||||
168 | Tryg A/S (Insurance) | 5 | ||||||
275 | Vestas Wind Systems A/S (Electrical Equipment) | 28 | ||||||
|
| |||||||
220 | ||||||||
|
| |||||||
Finland — 0.41% |
| |||||||
202 | Elisa Oyj (Diversified Telecommunication Services) | 11 | ||||||
629 | Fortum Oyj (Electric Utilities) | 16 | ||||||
499 | Kone Oyj (Machinery) | 33 | ||||||
157 | Metso Oyj (Machinery) | 6 | ||||||
597 | Neste Oil Oyj (Oil, Gas & Consumable Fuels) | 21 | ||||||
8,274 | Nokia Oyj (Communications Equipment) | 31 | ||||||
186 | Nokian Renkaat Oyj (Auto Components) | 5 | ||||||
4,703 | Nordea Bank Abp (Banks) | 37 | ||||||
62 | Nordea Bank Abp (Banks) | 1 | ||||||
652 | Sampo Oyj, Class – A (Insurance) (a) | 28 | ||||||
827 | Stora Enso Oyj, R Shares (Paper & Forest Products) | 12 | ||||||
754 | UPM-Kymmene Oyj (Paper & Forest Products) | 26 | ||||||
631 | Wartsila Oyj, Class – B (Machinery) | 7 | ||||||
|
| |||||||
234 | ||||||||
|
| |||||||
France — 3.51% |
| |||||||
261 | Accor SA (Hotels, Restaurants & Leisure) (a) | 12 | ||||||
43 | Aeroports de Paris (Transportation Infrastructure) | 8 |
Shares | Security Description | Value (000) | ||||||
France (continued) |
| |||||||
674 | Air Liquide SA (Chemicals) | $ | 96 | |||||
282 | Alstom SA (Machinery) (a) | 13 | ||||||
93 | Amundi SA (Capital Markets) (a) | 8 | ||||||
98 | Arkema SA (Chemicals) | 10 | ||||||
137 | Atos SE (IT Services) | 11 | ||||||
2,771 | AXA SA (Insurance) | 78 | ||||||
1,604 | BNP Paribas (Banks) | 96 | ||||||
1,315 | Bollore SA (Air Freight & Logistics) | 6 | ||||||
316 | Bouygues SA (Construction & Engineering) | 13 | ||||||
408 | Bureau Veritas SA (Professional Services) (a) | 11 | ||||||
224 | Capgemini SE (IT Services) | 28 | ||||||
880 | Carrefour SA (Food & Staples Retailing) | 15 | ||||||
87 | Casino Guichard-Perrachon SA (Food & Staples Retailing)^ | 4 | ||||||
255 | CNP Assurances (Insurance) | 5 | ||||||
722 | Compagnie de Saint-Gobain (Building Products) | 30 | ||||||
251 | Compagnie Generale des Etablissements Michelin, Class – B (Auto Components) | 31 | ||||||
67 | Covivio (Equity Real Estate Investment Trusts) | 8 | ||||||
1,619 | Credit Agricole SA (Banks) | 23 | ||||||
885 | Danone SA (Food Products) | 73 | ||||||
193 | Dassault Systemes SE (Software) | 32 | ||||||
339 | Edenred (Commercial Services & Supplies) | 18 | ||||||
115 | Eiffage SA (Construction & Engineering) (a) | 13 | ||||||
954 | Electricite de France SA (Electric Utilities) | 11 | ||||||
2,670 | ENGIE (Multi-Utilities) | 43 | ||||||
406 | EssilorLuxottica SA (Health Care Equipment & Supplies) | 62 | ||||||
50 | Eurazeo SE (Diversified Financial Services) | 3 | ||||||
271 | Eutelsat Communications (Media) (a) | 4 | ||||||
118 | Faurecia (Auto Components) | 6 | ||||||
65 | Gecina SA (Equity Real Estate Investment Trusts) (a) | 12 | ||||||
625 | Getlink SE (Transportation Infrastructure) | 11 | ||||||
45 | Hermes International (Textiles, Apparel & Luxury Goods) | 34 | ||||||
37 | Icade (Equity Real Estate Investment Trusts) | 4 | ||||||
33 | Iliad SA (Diversified Telecommunication Services) | 4 | ||||||
88 | Ingenico Group SA (Electronic Equipment, Instruments & Components) | 10 | ||||||
56 | Ipsen SA (Pharmaceuticals) | 5 | ||||||
93 | JCDecaux SA (Media) (a) | 3 | ||||||
108 | Kering SA (Textiles, Apparel & Luxury Goods) | 70 | ||||||
291 | Klepierre (Equity Real Estate Investment Trusts) | 11 | ||||||
392 | Legrand SA (Electrical Equipment) | 32 | ||||||
361 | L’Oreal SA (Personal Products) | 107 | ||||||
400 | LVMH Moet Hennessy Louis Vuitton SE (Textiles, Apparel & Luxury Goods) | 185 | ||||||
1,408 | Natixism SA (Capital Markets) | 6 | ||||||
2,916 | Orange SA (Diversified Telecommunication Services) (a) | 43 | ||||||
307 | Pernod Ricard SA (Beverages) | 54 | ||||||
849 | Peugeot SA (Automobiles) | 20 | ||||||
310 | Publicis Groupe (Media) | 14 | ||||||
29 | Remy Cointreau SA (Beverages) | 4 | ||||||
272 | Renault SA (Automobiles) (a) | 13 |
See accompanying notes to financial statements.
108
HC CAPITAL TRUST
The Catholic SRI Growth Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
France (continued) |
| |||||||
41 | Sartorius Stedim Biotech (Life Sciences Tools & Services) | $ | 7 | |||||
801 | Schneider Electric SA (Electrical Equipment) (a) | 82 | ||||||
232 | SCOR SE (Insurance) | 10 | ||||||
29 | SEB SA (Household Durables) | 4 | ||||||
1,125 | Societe Generale (Banks) | 39 | ||||||
125 | Sodexo SA (Hotels, Restaurants & Leisure) | 15 | ||||||
504 | Suez Environnement Co. (Multi-Utilities) | 8 | ||||||
87 | Teleperformance (Professional Services) | 21 | ||||||
3,435 | Total SA (Oil, Gas & Consumable Fuels) | 190 | ||||||
119 | UbiSoft Entertainment SA (Entertainment) (b) | 8 | ||||||
195 | Unibail – Rodamco-Westfield (Equity Real Estate Investment Trusts) | 30 | ||||||
341 | Valeo SA (Auto Components) | 12 | ||||||
759 | Veolia Environnement (Multi-Utilities) | 20 | ||||||
727 | Vinci SA (Construction & Engineering) | 81 | ||||||
1,228 | Vivendi SA (Entertainment) | 36 | ||||||
37 | Wendel SA (Diversified Financial Services) | 5 | ||||||
142 | Worldline SA (IT Services) (a)(b) | 10 | ||||||
|
| |||||||
1,991 | ||||||||
|
| |||||||
Germany — 2.78% |
| |||||||
258 | Adidas AG (Textiles, Apparel & Luxury Goods) | 84 | ||||||
609 | Allianz SE (Insurance) | 148 | ||||||
1,360 | Aroundtown SA (Real Estate Management & Development) (a) | 12 | ||||||
1,311 | BASF SE (Chemicals) | 100 | ||||||
485 | Bayerische Motoren Werke AG (Automobiles) | 40 | ||||||
142 | Beiersdorf AG (Personal Products) | 17 | ||||||
220 | Brenntag AG (Trading Companies & Distributors) | 12 | ||||||
61 | Carl Zeiss Meditec AG (Health Care Equipment & Supplies) | 8 | ||||||
1,423 | Commerzbank AG (Banks) | 9 | ||||||
155 | Continental AG (Auto Components) | 20 | ||||||
247 | Covestro AG (Chemicals) (a) | 11 | ||||||
1,304 | Daimler AG, Registered Shares (Automobiles) | 72 | ||||||
166 | Delivery Hero SE (Internet & Direct Marketing Retail) (a)(b) | 13 | ||||||
2,771 | Deutsche Bank AG (Capital Markets) | 21 | ||||||
277 | Deutsche Boerse AG (Capital Markets) | 44 | ||||||
354 | Deutsche Lufthansa AG, Registered Shares (Airlines) | 7 | ||||||
1,430 | Deutsche Post AG (Air Freight & Logistics) | 55 | ||||||
4,778 | Deutsche Telekom AG (Diversified Telecommunication Services) | 78 | ||||||
504 | Deutsche Wohnen AG (Real Estate Management & Development) | 21 | ||||||
3,228 | E.ON AG (Multi-Utilities) | 35 | ||||||
274 | Evonik Industries AG (Chemicals) (a) | 8 | ||||||
65 | Fraport AG (Transportation Infrastructure) | 6 | ||||||
304 | Fresenius Medical Care AG & Co. KGAA (Health Care Providers & Services) | 22 | ||||||
234 | GEA Group AG (Machinery) | 8 | ||||||
86 | Hannover Rueckversicherung AG (Insurance) | 17 | ||||||
211 | HeidelbergCement AG (Construction Materials) | 15 | ||||||
147 | Henkel AG & Co. KGAA (Household Products) | 14 | ||||||
39 | Hochtief AG (Construction & Engineering) (a) | 5 |
Shares | Security Description | Value (000) | ||||||
Germany (continued) |
| |||||||
1,831 | Infineon Technologies AG (Semiconductors & Semiconductor Equipment) | $ | 42 | |||||
102 | KION Group AG (Machinery) (a) | 7 | ||||||
71 | Knorr-Bremse AG (Machinery) | 7 | ||||||
128 | Lanxess AG (Chemicals) | 9 | ||||||
227 | Metro AG (Food & Staples Retailing) | 4 | ||||||
74 | MTU Aero Engines AG (Aerospace & Defense) | 21 | ||||||
208 | Muenchener Rueckversicherungs-Gesellschaft AG (Insurance) | 61 | ||||||
122 | Puma SE (Textiles, Apparel & Luxury Goods) | 9 | ||||||
831 | RWE AG (Multi-Utilities) | 25 | ||||||
1,411 | SAP SE (Software) | 190 | ||||||
51 | Sartorius AG (Health Care Equipment & Supplies) | 10 | ||||||
1,098 | Siemens AG (Industrial Conglomerates) | 144 | ||||||
219 | Siemens Healthineers AG (Health Care Equipment & Supplies) (a) | 11 | ||||||
181 | Symrise AG (Chemicals) (a) | 19 | ||||||
1,124 | Telefonica Deutschland Holding AG (Diversified Telecommunication Services) | 3 | ||||||
596 | thyssenkrupp AG (Metals & Mining) | 8 | ||||||
655 | TUI AG (Hotels, Restaurants & Leisure) | 8 | ||||||
294 | Uniper SE (Independent Power and Renewable Electricity Producers) | 10 | ||||||
183 | United Internet AG (Diversified Telecommunication Services) (a) | 6 | ||||||
47 | Volkswagen AG (Automobiles) | 9 | ||||||
736 | Vonovia SE (Real Estate Management & Development) | 39 | ||||||
166 | Wirecard AG (IT Services) | 20 | ||||||
208 | Zalando SE (Internet & Direct Marketing Retail) (a)(b) | 11 | ||||||
|
| |||||||
1,575 | ||||||||
|
| |||||||
Hong Kong — 1.19% |
| |||||||
17,292 | AIA Group Ltd. (Insurance) | 183 | ||||||
400 | ASM Pacific Technology Ltd. (Semiconductors & Semiconductor Equipment) (a) | 6 | ||||||
5,500 | BOC Hong Kong (Holdings) Ltd. (Banks) | 19 | ||||||
1,900 | Budweiser Brewing Co. Apac Ltd. | 6 | ||||||
3,500 | CK Asset Holdings Ltd. (Real Estate Management & Development) | 25 | ||||||
1,000 | CK Infrastructure Holdings Ltd. (Electric Utilities) | 7 | ||||||
2,500 | CLP Holdings Ltd. (Electric Utilities) | 27 | ||||||
600 | Dairy Farm International Holdings Ltd. (Food & Staples Retailing) | 3 | ||||||
3,000 | Galaxy Entertainment Group Ltd. (Hotels, Restaurants & Leisure) | 23 | ||||||
3,000 | Hang Lung Properties Ltd. (Real Estate Management & Development) | 7 | ||||||
1,100 | Hang Seng Bank Ltd. (Banks) | 23 | ||||||
2,000 | Henderson Land Development Co. Ltd. (Real Estate Management & Development) | 10 | ||||||
3,500 | HK Electric Investments Ltd. (Electric Utilities) | 3 | ||||||
5,000 | HKT Trust & HKT Ltd. (Diversified Telecommunication Services) (a) | 7 | ||||||
15,000 | Hong Kong & China Gas Co. Ltd. (Gas Utilities) | 29 |
See accompanying notes to financial statements.
109
HC CAPITAL TRUST
The Catholic SRI Growth Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Hong Kong (continued) |
| |||||||
1,700 | Hong Kong Exchanges & Clearing Ltd. (Capital Markets) | $ | 55 | |||||
1,700 | Hongkong Land Holdings Ltd. (Real Estate Management & Development) | 10 | ||||||
300 | Jardine Strategic Holdings Ltd. (Industrial Conglomerates) | 9 | ||||||
1,000 | Kerry Properties Ltd. (Real Estate Management & Development) | 3 | ||||||
305 | Melco Resorts & Entertainment Ltd., ADR (Hotels, Restaurants & Leisure) | 7 | ||||||
2,000 | MTR Corp. Ltd. (Road & Rail) | 12 | ||||||
9,000 | New World Development Co. Ltd. (Real Estate Management & Development) | 12 | ||||||
2,000 | NWS Holdings Ltd. (Industrial Conglomerates) | 3 | ||||||
7,000 | PCCW Ltd. (Diversified Telecommunication Services) (a) | 4 | ||||||
1,779 | Power Assets Holdings Ltd. (Electric Utilities) | 13 | ||||||
3,600 | Sands China Ltd. (Hotels, Restaurants & Leisure) | 19 | ||||||
4,000 | Sino Land Co. Ltd. (Real Estate Management & Development) | 6 | ||||||
3,000 | SJM Holdings Ltd. (Hotels, Restaurants & Leisure) | 3 | ||||||
2,500 | Sun Hung Kai Properties Ltd. (Real Estate Management & Development) | 38 | ||||||
639 | Swire Pacific Ltd., Class – A (Real Estate Management & Development) | 6 | ||||||
1,800 | Swire Properties Ltd. (Real Estate Management & Development) | 6 | ||||||
1,757 | Techtronic Industries Co. Ltd. (Household Durables) | 14 | ||||||
2,011 | The Bank of East Asia Ltd. (Banks) | 4 | ||||||
3,206 | The Link Real Estate Investment Trust (Equity Real Estate Investment Trusts) | 34 | ||||||
953 | Vitasoy International Holdings Ltd. (Food Products) | 3 | ||||||
13,500 | WH Group Ltd. (Food Products) (a) | 14 | ||||||
2,000 | Wharf Real Estate Investment Co. Ltd. (Real Estate Management & Development) | 12 | ||||||
1,000 | Wheelock & Co. Ltd. (Real Estate Management & Development) | 7 | ||||||
2,000 | Wynn Macau Ltd. (Hotels, Restaurants & Leisure) | 5 | ||||||
|
| |||||||
677 | ||||||||
|
| |||||||
Ireland (Republic of) — 1.00% |
| |||||||
1,025 | AIB Group PLC (Banks) | 4 | ||||||
133 | Allegion PLC (Building Products) | 17 | ||||||
1,431 | Bank of Ireland Group PLC (Banks) | 7 | ||||||
1,143 | CRH PLC (Construction Materials) (a) | 45 | ||||||
139 | DCC PLC (Industrial Conglomerates) (a) | 12 | ||||||
602 | Eaton Corp. PLC (Electrical Equipment) | 57 | ||||||
1,331 | Experian PLC (Professional Services) | 45 | ||||||
112 | Flutter Entertainment PLC (Hotels, Restaurants & Leisure) | 14 | ||||||
400 | Ingersoll-Rand PLC (Machinery) | 53 | ||||||
649 | James Hardie Industries PLC (Construction Materials) | 13 | ||||||
233 | Kerry Group PLC (Food Products) | 29 | ||||||
217 | Kingspan Group PLC (Building Products) | 13 |
Shares | Security Description | Value (000) | ||||||
Ireland (Republic of) (continued) |
| |||||||
1,923 | Medtronic PLC (Health Care Equipment & Supplies) | $ | 219 | |||||
239 | Pentair PLC (Machinery) | 11 | ||||||
320 | Smurfit Kappa Group PLC (Containers & Packaging) | 12 | ||||||
120 | STERIS PLC (Health Care Equipment & Supplies) | 18 | ||||||
|
| |||||||
569 | ||||||||
|
| |||||||
Isle of Man — 0.02% |
| |||||||
863 | GVC Holdings PLC (Hotels, Restaurants & Leisure) | 10 | ||||||
|
| |||||||
Israel — 0.17% |
| |||||||
53 | Azrieli Group (Real Estate Management & Development) | 4 | ||||||
1,607 | Bank Hapoalim BM (Banks) | 13 | ||||||
2,113 | Bank Leumi Le (Banks) | 15 | ||||||
176 | Checkpoint Software Technologies Ltd. (Software) (b) | 20 | ||||||
55 | CyberArk Software Ltd. (Software) (b) | 6 | ||||||
887 | Israel Chemicals Ltd. (Chemicals) (a) | 4 | ||||||
1,718 | Israel Discount Bank, Class – A (Banks) | 8 | ||||||
176 | Mizrahi Tefahot Bank Ltd. (Banks) | 5 | ||||||
88 | Nice Ltd. (Software) (b) | 14 | ||||||
67 | Wix.com Ltd. (IT Services) (b) | 8 | ||||||
|
| |||||||
97 | ||||||||
|
| |||||||
Italy — 0.81% |
| |||||||
1,612 | Assicurazioni Generali SpA (Insurance) | 33 | ||||||
700 | Atlantia SpA (Transportation Infrastructure) | 16 | ||||||
853 | Davide Campari – Milano SpA (Beverages) | 8 | ||||||
11,600 | Enel SpA (Electric Utilities) (a) | 92 | ||||||
3,712 | Eni SpA (Oil, Gas & Consumable Fuels) | 58 | ||||||
179 | Ferrari N.V. (Automobiles) | 29 | ||||||
1,531 | Fiat Chrysler Automobiles N.V. (Automobiles) | 23 | ||||||
889 | FinecoBank Banca Fineco SpA (Banks) | 11 | ||||||
21,496 | Intesa Sanpaolo SpA (Banks) (a) | 56 | ||||||
883 | Mediobanca SpA (Banks) | 10 | ||||||
254 | Moncler SpA (Textiles, Apparel & Luxury Goods) | 11 | ||||||
503 | Pirelli & C SpA (Auto Components) (a) | 3 | ||||||
767 | Poste Italiane SpA (Insurance) (a) | 9 | ||||||
356 | Prusmian SpA (Electrical Equipment) | 9 | ||||||
155 | Recordati SpA (Pharmaceuticals) | 7 | ||||||
2,945 | Snam SpA (Oil, Gas & Consumable Fuels) | 15 | ||||||
13,448 | Telecom Italia SpA (Diversified Telecommunication Services) (b) | 8 | ||||||
7,590 | Telecom Italia SpA (Diversified Telecommunication Services) | 5 | ||||||
1,993 | Terna – Rete Elettrica Nazionale SpA (Electric Utilities) | 13 | ||||||
2,943 | Unicredit SpA (Banks) | 43 | ||||||
|
| |||||||
459 | ||||||||
|
| |||||||
Japan — 8.27% |
| |||||||
42 | ABC-Mart, Inc. (Specialty Retail) | 3 | ||||||
500 | ACOM Co. Ltd. (Consumer Finance) | 2 | ||||||
300 | Advantest Corp. (Semiconductors & Semiconductor Equipment) (a) | 17 | ||||||
900 | Aeon Co. Ltd. (Food & Staples Retailing) | 19 | ||||||
200 | AEON Credit Service Co. Ltd. (Consumer Finance) | 3 |
See accompanying notes to financial statements.
110
HC CAPITAL TRUST
The Catholic SRI Growth Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Japan (continued) |
| |||||||
100 | AEON Mall Co. Ltd. (Real Estate Management & Development) | $ | 2 | |||||
200 | Air Water, Inc. (Chemicals) | 3 | ||||||
200 | Aisin Seiki Co. Ltd. (Auto Components) | 7 | ||||||
600 | Ajinomoto Co., Inc. (Food Products) | 10 | ||||||
300 | Alfresa Holdings Corp. (Health Care Providers & Services) | 6 | ||||||
300 | ALPS Alpine Co. Ltd. (Electronic Equipment, Instruments & Components) | 7 | ||||||
500 | Amada Holdings Co. Ltd. (Machinery) | 6 | ||||||
200 | ANA Holdings, Inc. (Airlines) | 6 | ||||||
200 | Aozora Bank Ltd. (Banks) | 5 | ||||||
300 | Asahi Glass Co. Ltd. (Building Products) | 11 | ||||||
500 | Asahi Group Holdings Ltd. (Beverages) | 23 | ||||||
300 | Asahi Intecc Co. Ltd. (Health Care Equipment & Supplies) | 9 | ||||||
300 | Bandai Namco Holdings, Inc. (Leisure Products) | 19 | ||||||
100 | Benesse Holdings, Inc. (Diversified Consumer Services) | 3 | ||||||
833 | Bridgestone Corp. (Auto Components) | 31 | ||||||
300 | Brother Industries Ltd. (Technology Hardware, Storage & Peripherals) | 6 | ||||||
100 | CALBEE, Inc. (Food Products) | 3 | ||||||
1,400 | Canon, Inc. (Technology Hardware, Storage & Peripherals) | 39 | ||||||
300 | Casio Computer Co. Ltd. (Household Durables) | 6 | ||||||
200 | Central Japan Railway Co. (Road & Rail) | 41 | ||||||
900 | Chubu Electric Power Co. Inc. (Electric Utilities) | 13 | ||||||
200 | Coca-Cola Bottlers Japan Holdings, Inc. (Beverages) | 5 | ||||||
1,400 | Concordia Financial Group Ltd. (Banks) | 6 | ||||||
200 | Credit Saison Co. Ltd. (Consumer Finance) | 4 | ||||||
100 | CyberAgent, Inc. (Media) | 4 | ||||||
400 | Daicel Corp. (Chemicals) | 4 | ||||||
130 | Daifuku Co. Ltd. (Machinery) | 8 | ||||||
320 | Daikin Industries Ltd. (Building Products) | 45 | ||||||
100 | Daito Trust Construction Co. Ltd. (Real Estate Management & Development) | 12 | ||||||
800 | Daiwa House Industry Co. Ltd. (Real Estate Management & Development) | 25 | ||||||
3 | Daiwa House REIT Investment Corp. (Equity Real Estate Investment Trusts) (a) | 8 | ||||||
2,200 | Daiwa Securities Group, Inc. (Capital Markets) | 11 | ||||||
656 | Denso Corp. (Auto Components) | 30 | ||||||
300 | Dentsu Group, Inc. (Media) | 10 | ||||||
35 | Disco Corp. (Semiconductors & Semiconductor Equipment) | 8 | ||||||
400 | East Japan Railway Co. (Road & Rail) | 36 | ||||||
200 | Electric Power Development Co. Ltd. (Independent Power and Renewable Electricity Producers) | 5 | ||||||
400 | FamilyMart Co. Ltd. (Food & Staples Retailing) | 10 | ||||||
249 | Fanuc Ltd. (Machinery) | 46 | ||||||
100 | Fast Retailing Co. Ltd. (Specialty Retail) | 59 | ||||||
200 | Fuji Electric Co. Ltd. (Electrical Equipment) | 6 | ||||||
500 | FUJIFILM Holdings Corp. (Technology Hardware, Storage & Peripherals) | 24 | ||||||
252 | Fujitsu Ltd. (IT Services) (a) | 23 |
Shares | Security Description | Value (000) | ||||||
Japan (continued) |
| |||||||
200 | Fukuoka Financial Group, Inc. (Banks) | $ | 4 | |||||
100 | GMO Payment Gateway, Inc. (IT Services) | 7 | ||||||
300 | Hakuhodo DY Holdings, Inc. (Media) | 5 | ||||||
200 | Hamamatsu Photonics K.K. (Electronic Equipment, Instruments & Components) | 8 | ||||||
300 | Hankyu Hanshin Holdings, Inc. (Road & Rail) | 13 | ||||||
27 | Hikari Tsushin, Inc. (Specialty Retail) | 7 | ||||||
400 | Hino Motors Ltd. (Machinery) | 4 | ||||||
42 | Hirose Electric Co. Ltd. (Electronic Equipment, Instruments & Components) | 5 | ||||||
100 | Hisamitsu Pharmaceutical Co., Inc. (Pharmaceuticals) | 5 | ||||||
200 | Hitachi Chemical Co. Ltd. (Chemicals) | 8 | ||||||
200 | Hitachi Construction Machinery Co. Ltd. (Machinery) | 6 | ||||||
100 | Hitachi High-Technologies Corp. (Electronic Equipment, Instruments & Components) | 7 | ||||||
1,440 | Hitachi Ltd. (Electronic Equipment, Instruments & Components) | 62 | ||||||
300 | Hitachi Metals Ltd. (Metals & Mining) | 4 | ||||||
2,300 | Honda Motor Co. Ltd. (Automobiles) | 67 | ||||||
100 | Hoshizaki Corp. (Machinery) | 9 | ||||||
600 | HOYA Corp. (Health Care Equipment & Supplies) | 58 | ||||||
400 | Hulic Co. Ltd. (Real Estate Management & Development) | 5 | ||||||
252 | Idemitsu Kosan Co. Ltd. (Oil, Gas & Consumable Fuels) (a) | 7 | ||||||
200 | IHI Corp. (Machinery) | 5 | ||||||
200 | Iida Group Holdings Co. Ltd. (Household Durables) | 4 | ||||||
1,500 | INPEX Corp. (Oil, Gas & Consumable Fuels) | 16 | ||||||
500 | Isetan Mitsukoshi Holdings Ltd. (Multiline Retail) | 5 | ||||||
800 | Isuzu Motors Ltd. (Automobiles) | 10 | ||||||
1,900 | ITOCHU Corp. (Trading Companies & Distributors) | 44 | ||||||
100 | ITOCHU Techno-Solutions Corp. (IT Services) | 3 | ||||||
300 | J. Front Retailing Co. Ltd. (Multiline Retail) | 4 | ||||||
148 | Japan Airlines Co. Ltd. (Airlines) | 5 | ||||||
100 | Japan Airport Terminal Co. Ltd. (Transportation Infrastructure) | 6 | ||||||
700 | Japan Exchange Group, Inc. (Capital Markets) | 12 | ||||||
600 | Japan Post Bank Co. Ltd. (Banks) | 6 | ||||||
2,200 | Japan Post Holdings Co. Ltd. (Insurance) (a) | 21 | ||||||
300 | Japan Post Insurance Co. Ltd. (Insurance) (a) | 5 | ||||||
1 | Japan Prime Realty Investment Corp. (Equity Real Estate Investment Trusts) | 4 | ||||||
2 | Japan Real Estate Investment Corp. (Equity Real Estate Investment Trusts) | 13 | ||||||
4 | Japan Retail Fund Investment Corp. (Equity Real Estate Investment Trusts) | 9 | ||||||
700 | JFE Holdings, Inc. (Metals & Mining) | 9 | ||||||
300 | JGC Holdings Corp. (Construction & Engineering) | 5 | ||||||
300 | JTEKT Corp. (Machinery) | 4 | ||||||
4,500 | JXTG Holdings, Inc. (Oil, Gas & Consumable Fuels) | 20 | ||||||
600 | Kajima Corp. (Construction & Engineering) | 8 | ||||||
200 | Kakaku.com, Inc. (Interactive Media & Services) | 5 | ||||||
200 | Kamigumi Co. Ltd. (Transportation Infrastructure) | 4 |
See accompanying notes to financial statements.
111
HC CAPITAL TRUST
The Catholic SRI Growth Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Japan (continued) |
| |||||||
300 | Kansai Paint Co. Ltd. (Chemicals) | $ | 7 | |||||
727 | Kao Corp. (Personal Products) | 61 | ||||||
200 | Kawasaki Heavy Industries Ltd. (Machinery) | 4 | ||||||
2,574 | KDDI Corp. (Wireless Telecommunication Services) | 77 | ||||||
100 | Keihan Holdings Co. Ltd. (Industrial Conglomerates) | 5 | ||||||
300 | Keikyu Corp. (Road & Rail) | 6 | ||||||
132 | Keio Corp. (Road & Rail) | 8 | ||||||
200 | Keisei Electric Railway Co. Ltd. (Road & Rail) | 8 | ||||||
234 | Keyence Corp. (Electronic Equipment, Instruments & Components) | 84 | ||||||
200 | Kikkoman Corp. (Food Products) | 10 | ||||||
300 | Kintetsu Group Holdings Co. Ltd. (Road & Rail) | 16 | ||||||
1,200 | Kirin Holdings Co. Ltd., Class – C (Beverages) | 27 | ||||||
100 | Kobayashi Pharmaceutical Co. Ltd. (Personal Products) | 9 | ||||||
134 | Koito Manufacturing Co. Ltd. (Auto Components) | 6 | ||||||
1,300 | Komatsu Ltd. (Machinery) | 32 | ||||||
100 | Konami Holdings Corp. (Entertainment) | 4 | ||||||
600 | Konica Minolta, Inc. (Technology Hardware, Storage & Peripherals) | 4 | ||||||
43 | Kose Corp. (Personal Products) | 6 | ||||||
1,500 | Kubota Corp. (Machinery) | 24 | ||||||
500 | Kuraray Co. Ltd. (Chemicals) | 6 | ||||||
100 | Kurita Water Industries Ltd. (Machinery) | 3 | ||||||
500 | Kyocera Corp. (Electronic Equipment, Instruments & Components) | 34 | ||||||
300 | Kyowa Kirin Co. Ltd. (Pharmaceuticals) | 7 | ||||||
500 | Kyushu Electric Power Co., Inc. (Electric Utilities) | 4 | ||||||
200 | Kyushu Railway Co. (Road & Rail) | 7 | ||||||
100 | Lawson, Inc. (Food & Staples Retailing) | 6 | ||||||
100 | LINE Corp. (Interactive Media & Services) (b) | 5 | ||||||
300 | Lion Corp. (Household Products) | 6 | ||||||
400 | LIXIL Group Corp. (Building Products) | 7 | ||||||
600 | M3, Inc. (Health Care Technology) | 18 | ||||||
300 | Makita Corp. (Machinery) | 11 | ||||||
2,200 | Marubeni Corp. (Trading Companies & Distributors) | 16 | ||||||
300 | Marui Group Co. Ltd. (Multiline Retail) | 7 | ||||||
100 | Maruichi Steel Tube Ltd. (Metals & Mining) | 3 | ||||||
800 | Mazda Motor Corp. (Automobiles) | 7 | ||||||
100 | McDonald’s Holdings Co. (Japan) Ltd. (Hotels, Restaurants & Leisure) | 5 | ||||||
1,100 | Mebuki Financial Group, Inc. (Banks) | 3 | ||||||
300 | Medipal Holdings Corp. (Health Care Providers & Services) | 7 | ||||||
100 | Mercari, Inc. (Internet & Direct Marketing Retail) (b) | 2 | ||||||
500 | MINEBEA MITSUMI, Inc. (Machinery) | 10 | ||||||
400 | MISUMI Group, Inc. (Machinery) | 10 | ||||||
1,900 | Mitsubishi Corp. (Trading Companies & Distributors) | 52 | ||||||
2,600 | Mitsubishi Electric Corp. (Electrical Equipment) | 36 | ||||||
1,700 | Mitsubishi Estate Co. Ltd. (Real Estate Management & Development) | 32 | ||||||
200 | Mitsubishi Gas Chemical Co., Inc. (Chemicals) | 3 |
Shares | Security Description | Value (000) | ||||||
Japan (continued) |
| |||||||
200 | Mitsubishi Materials Corp. (Metals & Mining) | $ | 5 | |||||
1,000 | Mitsubishi Motors Corp. (Automobiles) | 4 | ||||||
17,879 | Mitsubishi UFJ Financial Group, Inc. (Banks) | 97 | ||||||
500 | Mitsubishi UFJ Lease & Finance Co. Ltd. (Diversified Financial Services) | 3 | ||||||
300 | Mitsui Chemicals, Inc. (Chemicals) | 7 | ||||||
1,300 | Mitsui Fudosan Co. Ltd. (Real Estate Management & Development) | 32 | ||||||
200 | Mitsui O.S.K. Lines Ltd. (Marine) | 5 | ||||||
34,800 | Mizuho Financial Group, Inc. (Banks) | 54 | ||||||
200 | MonotaRO Co. Ltd. (Trading Companies & Distributors) | 5 | ||||||
630 | MS&AD Insurance Group Holdings, Inc. (Insurance) | 21 | ||||||
837 | Murata Manufacturing Co. Ltd. (Electronic Equipment, Instruments & Components) | 52 | ||||||
200 | Nabtesco Corp. (Machinery) | 6 | ||||||
300 | Nagoya Railroad Co. Ltd. (Road & Rail) | 9 | ||||||
330 | NEC Corp. (Technology Hardware, Storage & Peripherals) | 14 | ||||||
700 | Nexon Co. Ltd. (Entertainment) (b) | 9 | ||||||
400 | NGK Insulators Ltd. (Machinery) | 7 | ||||||
200 | NGK Spark Plug Co. Ltd. (Auto Components) | 4 | ||||||
100 | NH Foods Ltd. (Food Products) | 4 | ||||||
300 | Nidec Corp. (Electrical Equipment) | 41 | ||||||
500 | Nikon Corp. (Household Durables) | 6 | ||||||
145 | Nintendo Co. Ltd. (Entertainment) | 59 | ||||||
2 | Nippon Building Fund, Inc. (Equity Real Estate Investment Trusts) | 15 | ||||||
100 | Nippon Express Co. Ltd. (Road & Rail) | 6 | ||||||
200 | Nippon Paint Holdings Co. Ltd. (Chemicals) | 10 | ||||||
3 | Nippon Prologis REIT, Inc. (Equity Real Estate Investment Trusts) (a) | 8 | ||||||
100 | Nippon Shinyaku Co. Ltd. (Pharmaceuticals) | 9 | ||||||
1,200 | Nippon Steel Corp. (Metals & Mining) (a) | 19 | ||||||
1,862 | Nippon Telegraph & Telephone Corp. (Diversified Telecommunication Services) | 47 | ||||||
200 | Nippon Yusen Kabushiki Kaisha (Marine) | 4 | ||||||
3,300 | Nissan Motor Co. Ltd. (Automobiles) | 19 | ||||||
254 | Nisshin Seifun Group, Inc. (Food Products) | 4 | ||||||
100 | Nissin Foods Holdings Co. Ltd. (Food Products) | 7 | ||||||
100 | Nitori Holdings Co. Ltd. (Specialty Retail) | 16 | ||||||
200 | Nitto Denko Corp. (Chemicals) | 11 | ||||||
4,700 | Nomura Holdings, Inc. (Capital Markets) | 25 | ||||||
200 | Nomura Real Estate Holdings, Inc. (Real Estate Management & Development) | 5 | ||||||
6 | Nomura Real Estate Master Fund, Inc. (Equity Real Estate Investment Trusts) | 10 | ||||||
535 | Nomura Research Institute Ltd. (IT Services) | 12 | ||||||
500 | NSK Ltd. (Machinery) | 5 | ||||||
900 | NTT Data Corp. (IT Services) | 12 | ||||||
1,866 | NTT DoCoMo, Inc. (Wireless Telecommunication Services) | 52 | ||||||
900 | Obayashi Corp. (Construction & Engineering) | 10 | ||||||
100 | OBIC Co. Ltd. (IT Services) | 14 | ||||||
400 | Odakyu Electric Railway Co. Ltd. (Road & Rail) | 9 | ||||||
1,300 | Oji Paper Co. Ltd. (Paper & Forest Products) | 7 | ||||||
1,700 | Olympus Corp. (Health Care Equipment & Supplies) | 26 |
See accompanying notes to financial statements.
112
HC CAPITAL TRUST
The Catholic SRI Growth Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Japan (continued) |
| |||||||
247 | OMRON Corp. (Electronic Equipment, Instruments & Components) | $ | 15 | |||||
500 | Ono Pharmaceutical Co. Ltd. (Pharmaceuticals) | 12 | ||||||
49 | Oracle Corp. Japan (Software) | 4 | ||||||
300 | Oriental Land Co. Ltd. (Hotels, Restaurants & Leisure) | 41 | ||||||
1,900 | ORIX Corp. (Diversified Financial Services) | 32 | ||||||
4 | ORIX Jreit, Inc. (Equity Real Estate Investment Trusts) | 9 | ||||||
500 | Osaka Gas Co. Ltd. (Gas Utilities) | 10 | ||||||
134 | OTSUKA Corp. (IT Services) | 5 | ||||||
600 | Otsuka Holdings Co. Ltd. (Pharmaceuticals) | 26 | ||||||
668 | Pan Pacific International Holdings Corp. (Multiline Retail) | 12 | ||||||
3,100 | Panasonic Corp. (Household Durables) | 29 | ||||||
200 | Park24 Co. Ltd. (Commercial Services & Supplies) | 5 | ||||||
100 | PeptiDream, Inc. (Biotechnology) (b) | 5 | ||||||
300 | Persol Holdings Co. Ltd. (Professional Services) | 6 | ||||||
148 | Pigeon Corp. (Household Products) | 5 | ||||||
100 | Pola Orbis Holdings, Inc. (Personal Products) | 2 | ||||||
1,200 | Rakuten, Inc. (Internet & Direct Marketing Retail) | 10 | ||||||
1,900 | Recruit Holdings Co. Ltd. (Professional Services) (a) | 71 | ||||||
1,100 | Renesas Electronics Corp. (Semiconductors & Semiconductor Equipment) (a)(b) | 8 | ||||||
3,000 | Resona Holdings, Inc. (Banks) | 13 | ||||||
1,000 | Ricoh Co. Ltd. (Technology Hardware, Storage & Peripherals) | 11 | ||||||
43 | Rinnai Corp. (Household Durables) | 3 | ||||||
121 | Rohm Co. Ltd. (Semiconductors & Semiconductor Equipment) | 10 | ||||||
310 | Ryohin Keikaku Co. Ltd. (Multiline Retail) | 7 | ||||||
100 | Sankyo Co. Ltd. (Leisure Products) | 3 | ||||||
500 | Santen Pharmaceutical Co. Ltd. (Pharmaceuticals) | 10 | ||||||
300 | SBI Holdings, Inc. (Capital Markets) | 6 | ||||||
300 | SECOM Co. Ltd. (Commercial Services & Supplies) | 28 | ||||||
200 | Sega Sammy Holdings, Inc. (Leisure Products) | 3 | ||||||
300 | Seibu Holdings, Inc. (Industrial Conglomerates) | 5 | ||||||
400 | Seiko Epson Corp. (Technology Hardware, Storage & Peripherals) | 6 | ||||||
500 | Sekisui Chemical Co. Ltd. (Household Durables) | 9 | ||||||
900 | Sekisui House Ltd. (Household Durables) | 19 | ||||||
1,067 | Seven & I Holdings Co. Ltd. (Food & Staples Retailing) | 38 | ||||||
800 | Seven Bank Ltd. (Banks) | 3 | ||||||
200 | SG Holdings Co. Ltd. (Air Freight & Logistics) | 5 | ||||||
300 | Sharp Corp. (Household Durables) (a) | 5 | ||||||
28 | Shimamura Co. Ltd. (Specialty Retail) | 2 | ||||||
100 | Shimano, Inc. (Leisure Products) | 16 | ||||||
900 | Shimizu Corp. (Construction & Engineering) | 9 | ||||||
500 | Shin-Etsu Chemical Co. Ltd. (Chemicals) | 57 | ||||||
300 | Shinsei Bank Ltd. (Banks) (a) | 5 | ||||||
600 | Shiseido Co. Ltd. (Personal Products) | 43 | ||||||
200 | Showa Denko KK (Chemicals) | 5 | ||||||
100 | SMC Corp. (Machinery) | 46 |
Shares | Security Description | Value (000) | ||||||
Japan (continued) |
| |||||||
2,400 | Softbank Corp. (Wireless Telecommunication Services) | $ | 32 | |||||
2,218 | SoftBank Group Corp. (Wireless Telecommunication Services) | 98 | ||||||
100 | Sohgo Security Services Co. Ltd. (Commercial Services & Supplies) | 5 | ||||||
500 | Sompo Holdings, Inc. (Insurance) | 20 | ||||||
1,800 | Sony Corp. (Household Durables) | 123 | ||||||
200 | Sony Financial Holdings, Inc. (Insurance) | 5 | ||||||
100 | Square Enix Holdings Co. Ltd. (Entertainment) | 5 | ||||||
200 | Stanley Electric Co. Ltd. (Auto Components) | 6 | ||||||
900 | Subaru Corp. (Automobiles) | 22 | ||||||
400 | SUMCO Corp. (Semiconductors & Semiconductor Equipment) (a) | 7 | ||||||
1,700 | Sumitomo Corp. (Trading Companies & Distributors) | 25 | ||||||
1,100 | Sumitomo Electric Industries Ltd. (Auto Components) | 17 | ||||||
142 | Sumitomo Heavy Industries Ltd. (Machinery) | 4 | ||||||
300 | Sumitomo Metal Mining Co. Ltd. (Metals & Mining) | 10 | ||||||
1,900 | Sumitomo Mitsui Financial Group, Inc. (Banks) | 70 | ||||||
523 | Sumitomo Mitsui Trust Holdings, Inc. (Banks) | 21 | ||||||
500 | Sumitomo Realty & Development Co. Ltd. (Real Estate Management & Development) | 18 | ||||||
200 | Sumitomo Rubber Industries Ltd. (Auto Components) | 2 | ||||||
100 | Sundrug Co. Ltd. (Food & Staples Retailing) | 4 | ||||||
200 | Suntory Beverage & Food Ltd. (Beverages) | 8 | ||||||
100 | Suzuken Co. Ltd. (Health Care Providers & Services) | 4 | ||||||
500 | Suzuki Motor Corp. (Automobiles) | 21 | ||||||
200 | Sysmex Corp. (Health Care Equipment & Supplies) | 14 | ||||||
800 | T&D Holdings, Inc. (Insurance) | 10 | ||||||
200 | Taiheiyo Cement Corp. (Construction Materials) | 6 | ||||||
300 | Taisei Corp. (Construction & Engineering) | 13 | ||||||
46 | Taisho Pharmaceutical Holdings Co. Ltd. (Pharmaceuticals) | 3 | ||||||
200 | Taiyo Nippon Sanso Corp. (Chemicals) | 4 | ||||||
200 | TDK Corp. (Electronic Equipment, Instruments & Components) | 23 | ||||||
300 | Teijin Ltd. (Chemicals) | 6 | ||||||
100 | The Bank of Kyoto Ltd. (Banks) | 4 | ||||||
900 | The Chiba Bank Ltd. (Banks) | 5 | ||||||
400 | The Chugoku Electric Power Company, Inc. (Electric Utilities) | 5 | ||||||
1,586 | TheDai-ichi Life Insurance Co. Ltd. (Insurance) | 27 | ||||||
1,000 | The Kansai Electric Power Co., Inc. (Electric Utilities) | 12 | ||||||
600 | The Shizuoka Bank Ltd. (Banks) | 5 | ||||||
200 | The Yokohama Rubber Co. Ltd. (Auto Components) | 4 | ||||||
200 | THK Co. Ltd. (Machinery) | 5 | ||||||
245 | Tobu Railway Co. Ltd. (Road & Rail) | 9 | ||||||
145 | Toho Co. Ltd. (Entertainment) | 6 | ||||||
100 | Toho Gas Co. Ltd. (Gas Utilities) | 4 | ||||||
700 | Tohoku Electric Power Co., Inc. (Electric Utilities) | 7 |
See accompanying notes to financial statements.
113
HC CAPITAL TRUST
The Catholic SRI Growth Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Japan (continued) |
| |||||||
931 | Tokio Marine Holdings, Inc. (Insurance) | $ | 52 | |||||
100 | Tokyo Century Corp. (Diversified Financial Services) | 5 | ||||||
2,200 | Tokyo Electric Power Co., Inc. (Electric Utilities) (b) | 9 | ||||||
200 | Tokyo Electron Ltd. (Semiconductors & Semiconductor Equipment) | 43 | ||||||
800 | Tokyo Fudosan Holdings Corp. (Real Estate Management & Development) (a) | 6 | ||||||
500 | Tokyo Gas Co. Ltd. (Gas Utilities) | 12 | ||||||
700 | Tokyu Corp. (Road & Rail) | 13 | ||||||
400 | Toppan Printing Co. Ltd. (Commercial Services & Supplies) | 8 | ||||||
2,000 | Toray Industries, Inc. (Chemicals) | 15 | ||||||
700 | Toshiba Corp. (Industrial Conglomerates) | 24 | ||||||
400 | Tosoh Corp. (Chemicals) | 6 | ||||||
200 | TOTO Ltd. (Building Products) | 9 | ||||||
200 | Toyo Seikan Kaisha Ltd. (Containers & Packaging) | 3 | ||||||
100 | Toyo Suisan Kaisha Ltd. (Food Products) | 4 | ||||||
100 | Toyoda Gosei Co. Ltd. (Auto Components) | 3 | ||||||
200 | Toyota Industries Corp. (Auto Components) | 12 | ||||||
3,330 | Toyota Motor Corp. (Automobiles) | 237 | ||||||
200 | Trend Micro, Inc. (Software) | 11 | ||||||
47 | Tsuruha Holdings, Inc. (Food & Staples Retailing) | 6 | ||||||
600 | Unicharm Corp. (Household Products) | 21 | ||||||
4 | United Urban Investment Corp. (Equity Real Estate Investment Trusts) | 7 | ||||||
300 | USS Co. Ltd. (Specialty Retail) | 6 | ||||||
100 | Welcia Holdings Co. Ltd. (Food & Staples Retailing) | 6 | ||||||
200 | Yakult Honsha Co. Ltd. (Food Products) (a) | 12 | ||||||
800 | Yamada Denki Co. Ltd. (Specialty Retail) | 4 | ||||||
200 | Yamaha Corp. (Leisure Products) | 11 | ||||||
400 | Yamaha Motor Co. Ltd. (Automobiles) | 8 | ||||||
400 | Yamato Holdings Co. Ltd. (Air Freight & Logistics) | 6 | ||||||
200 | Yamazaki Baking Co. Ltd. (Food Products) | 4 | ||||||
300 | Yaskawa Electric Corp. (Electronic Equipment, Instruments & Components) | 12 | ||||||
300 | Yokogawa Electric Corp. (Electronic Equipment, Instruments & Components) | 5 | ||||||
4,000 | Z Holdings Corp. (Interactive Media & Services) | 17 | ||||||
200 | ZOZO, Inc. (Internet & Direct Marketing Retail) | 4 | ||||||
|
| |||||||
4,692 | ||||||||
|
| |||||||
Jersey — 0.13% |
| |||||||
15,548 | Glencore International PLC (Metals & Mining) (a) | 49 | ||||||
1,780 | WPP PLC (Media) | 25 | ||||||
|
| |||||||
74 | ||||||||
|
| |||||||
Liberia — 0.06% |
| |||||||
261 | Royal Caribbean Cruises Ltd. (Hotels, Restaurants & Leisure) | 35 | ||||||
|
| |||||||
Luxembourg — 0.07% |
| |||||||
870 | Altice Europe NV (Media) (a)(b) | 6 | ||||||
939 | ArcelorMittal SA (Metals & Mining) | 16 |
Shares | Security Description | Value (000) | ||||||
Luxembourg (continued) |
| |||||||
103 | Millicom International Cellular SA (Wireless Telecommunication Services) | $ | 5 | |||||
535 | SES – FDR, Class – A (Media) (a) | 7 | ||||||
691 | Tenaris SA (Energy Equipment & Services) | 8 | ||||||
|
| |||||||
42 | ||||||||
|
| |||||||
Netherlands — 1.64% |
| |||||||
599 | ABN AMRO Group N.V. (Banks) (a) | 11 | ||||||
15 | Adyen N.V. (IT Services) (a)(b) | 12 | ||||||
2,625 | AEGON N.V. (Insurance) | 12 | ||||||
188 | Aercap Holdings N.V. (Trading Companies & Distributors) (b) | 12 | ||||||
838 | Airbus SE (Aerospace & Defense) | 123 | ||||||
334 | Akzo Nobel N.V. (Chemicals) | 34 | ||||||
611 | ASML Holding N.V. (Semiconductors & Semiconductor Equipment) (a) | 181 | ||||||
1,436 | CNH Industrial N.V. (Machinery) | 16 | ||||||
154 | Exor N.V. (Diversified Financial Services) | 12 | ||||||
163 | Heineken Holding N.V., Class – A (Beverages) | 16 | ||||||
380 | Heineken N.V. (Beverages) | 40 | ||||||
5,586 | ING Groep N.V. (Banks) | 67 | ||||||
5,052 | Koninklijke (Royal) KPN N.V. (Diversified Telecommunication Services) | 15 | ||||||
1,731 | Koninklijke Ahold Delhaize N.V. (Food & Staples Retailing) | 43 | ||||||
266 | Koninklijke DSM N.V. (Chemicals) | 35 | ||||||
1,299 | Koninklijke Philips N.V. (Health Care Equipment & Supplies) | 63 | ||||||
109 | Koninklijke Vopak N.V. (Oil, Gas & Consumable Fuels) | 6 | ||||||
390 | LyondellBasell Industries N.V., Class – A (Chemicals) | 36 | ||||||
443 | NN Group N.V. (Insurance) (a) | 17 | ||||||
399 | NXP Semiconductors N.V. (Semiconductors & Semiconductor Equipment) | 51 | ||||||
697 | Prosus N.V. (Internet & Direct Marketing Retail) (b) | 52 | ||||||
327 | QIAGEN N.V. (Life Sciences Tools & Services) (b) | 11 | ||||||
169 | Randstad N.V. (Professional Services) | 10 | ||||||
965 | STMicroelectronics N.V. (Semiconductors & Semiconductor Equipment) | 26 | ||||||
410 | Wolters Kluwer N.V. (Professional Services) | 30 | ||||||
|
| |||||||
931 | ||||||||
|
| |||||||
New Zealand — 0.10% |
| |||||||
1,042 | A2 Milk Co. Ltd. (Food Products) (b) | 11 | ||||||
1,374 | Auckland International Airport Ltd. (Transportation Infrastructure) | 8 | ||||||
841 | Fisher & Paykel Healthcare COR (Health Care Equipment & Supplies) | 12 | ||||||
1,074 | Fletcher Building Ltd. (Construction Materials) | 4 | ||||||
878 | Mercury NZ Ltd. (Electric Utilities) | 3 | ||||||
1,904 | Meridian Energy Ltd. (Independent Power and Renewable Electricity Producers) | 6 | ||||||
503 | Ryman Healthcare Ltd. (Health Care Providers & Services) | 6 | ||||||
2,712 | Spark New Zealand Ltd. (Diversified Telecommunication Services) | 8 | ||||||
|
| |||||||
58 | ||||||||
|
|
See accompanying notes to financial statements.
114
HC CAPITAL TRUST
The Catholic SRI Growth Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Norway — 0.23% |
| |||||||
136 | Aker BP ASA (Oil, Gas & Consumable Fuels) | $ | 5 | |||||
1,357 | DNB ASA (Banks) | 25 | ||||||
1,472 | Equinor ASA (Oil, Gas & Consumable Fuels) | 30 | ||||||
298 | Gjensidige Forsikring ASA (Insurance) | 6 | ||||||
620 | Mowi ASA (Food Products) | 16 | ||||||
1,987 | Norsk Hydro ASA (Metals & Mining) | 7 | ||||||
1,086 | Orkla ASA (Food Products) | 11 | ||||||
124 | Schibsted ASA (Media) (a) | 4 | ||||||
1,048 | Telenor ASA (Diversified Telecommunication Services) | 19 | ||||||
252 | Yara International ASA (Chemicals) | 10 | ||||||
|
| |||||||
133 | ||||||||
|
| |||||||
Panama — 0.06% |
| |||||||
620 | Carnival Corp., Class – A (Hotels, Restaurants & Leisure) | 32 | ||||||
|
| |||||||
Papua New Guinea — 0.02% |
| |||||||
1,949 | Oil Search Ltd. (Oil, Gas & Consumable Fuels) | 10 | ||||||
|
| |||||||
Portugal — 0.06% |
| |||||||
3,711 | EDP – Energias de Portugal SA (Electric Utilities) (a) | 16 | ||||||
711 | Galp Energia SGPS SA, B Shares (Oil, Gas & Consumable Fuels) (a) | 12 | ||||||
374 | Jeronimo Martins, SGPS, SA (Food & Staples Retailing) | 6 | ||||||
|
| |||||||
34 | ||||||||
|
| |||||||
Singapore — 0.48% |
| |||||||
4,292 | Ascendas Real Estate Investment Trust (Equity Real Estate Investment Trusts) | 9 | ||||||
3,900 | CapitaLand Commercial Trust (Equity Real Estate Investment Trusts) | 6 | ||||||
3,600 | CapitaLand Ltd. (Real Estate Management & Development) | 10 | ||||||
3,800 | CapitaMall Trust (Equity Real Estate Investment Trusts) | 7 | ||||||
600 | City Developments Ltd. (Real Estate Management & Development) | 5 | ||||||
3,200 | ComfortDelGro Corp. Ltd. (Road & Rail) | 6 | ||||||
2,600 | DBS Group Holdings Ltd. (Banks) | 49 | ||||||
769 | Flex Ltd. (Electronic Equipment, Instruments & Components) (b) | 10 | ||||||
9,000 | Genting Singapore PLC (Hotels, Restaurants & Leisure) | 6 | ||||||
100 | Jardine Cycle & Carriage Ltd. (Distributors) | 2 | ||||||
2,100 | Keppel Corp. Ltd. (Industrial Conglomerates) | 11 | ||||||
2,600 | Mapletree Commercial Trust (Equity Real Estate Investment Trusts) | 5 | ||||||
4,617 | Oversea-Chinese Banking Corp. Ltd. (Banks) | 38 | ||||||
1,100 | SATS Ltd. (Transportation Infrastructure) (a) | 4 | ||||||
1,200 | SembCorp Industries Ltd. (Industrial Conglomerates) | 2 | ||||||
700 | Singapore Airlines Ltd. (Airlines) | 5 | ||||||
1,200 | Singapore Exchange Ltd. (Capital Markets) | 8 | ||||||
2,000 | Singapore Press Holdings Ltd. (Media) | 3 | ||||||
12,000 | Singapore Telecommunications Ltd. (Diversified Telecommunication Services) | 30 | ||||||
2,400 | Suntec REIT (Equity Real Estate Investment Trusts) | 3 |
Shares | Security Description | Value (000) | ||||||
Singapore (continued) |
| |||||||
1,800 | United Overseas Bank Ltd. (Banks) | $ | 35 | |||||
600 | United Overseas Land Ltd. (Real Estate Management & Development) | 4 | ||||||
400 | Venture Corp. Ltd. (Electronic Equipment, Instruments & Components) | 5 | ||||||
2,800 | Wilmar International Ltd. (Food Products) | 9 | ||||||
3,000 | Yangzijiang Shipbuilding Holdings Ltd. (Machinery) | 2 | ||||||
|
| |||||||
274 | ||||||||
|
| |||||||
Spain — 1.06% |
| |||||||
12 | ACS Actividades de Construccion y Servicios SA (Construction & Engineering) (b) | — | ||||||
358 | ACS Actividades de Construccion y Servicios SA (Construction & Engineering) | 14 | ||||||
96 | Aena SME SA (Transportation Infrastructure) (a) | 18 | ||||||
619 | Amadeus IT Holding SA, A Shares (IT Services) | 51 | ||||||
9,634 | Banco Bilbao Vizcaya Argentaria SA (Banks) | 54 | ||||||
8,376 | Banco de Sabadell SA (Banks) | 10 | ||||||
23,982 | Banco Santander SA (Banks) (a) | 100 | ||||||
1,554 | Bankia SA (Banks) (a) | 3 | ||||||
996 | Bankinter SA (Banks) | 7 | ||||||
5,078 | CaixaBank SA (Banks) | 16 | ||||||
72 | Cellnex Telecom SA (Diversified Telecommunication Services) (b) | 3 | ||||||
275 | Cellnex Telecom SA (Diversified Telecommunication Services) (a) | 12 | ||||||
1,358 | Corporacion Mapfre (Insurance) | 4 | ||||||
335 | Enagas (Oil, Gas & Consumable Fuels) (a) | 9 | ||||||
450 | Endesa (Electric Utilities) | 12 | ||||||
10 | Ferrovial SA (Construction & Engineering) (b) | — | ||||||
688 | Ferrovial SA (Construction & Engineering) | 22 | ||||||
437 | Gas Natural SDG SA (Gas Utilities) | 11 | ||||||
422 | Grifols SA (Biotechnology) | 15 | ||||||
8,640 | Iberdrola SA (Electric Utilities) | 89 | ||||||
1,577 | Industria de Diseno Textil SA (Specialty Retail) | 56 | ||||||
613 | Red Electrica Corp. (Electric Utilities) | 12 | ||||||
1,970 | Repsol SA (Oil, Gas & Consumable Fuels) | 30 | ||||||
355 | Siemens Gamesa Renewable Energy SA (Electrical Equipment) | 6 | ||||||
6,823 | Telefonica SA (Diversified Telecommunication Services) | 48 | ||||||
|
| |||||||
602 | ||||||||
|
| |||||||
Sweden — 0.91% |
| |||||||
447 | Alfa Laval AB (Machinery) | 11 | ||||||
1,469 | Assa Abloy AB, B Shares (Building Products) | 34 | ||||||
984 | Atlas Copco AB, A Shares (Machinery) | 40 | ||||||
551 | Atlas Copco AB, B Shares (Machinery) | 19 | ||||||
389 | Boliden AB (Metals & Mining) | 10 | ||||||
331 | Electrolux AB, B Shares (Household Durables) | 8 | ||||||
936 | Epiroc AB, Class – A (Machinery) | 11 | ||||||
600 | Epiroc AB, Class – B (Machinery) | 7 | ||||||
891 | Essity AG, Class – B (Household Products) | 29 | ||||||
1,158 | Hennes & Mauritz AB, B Shares (Specialty Retail) | 24 | ||||||
367 | Hexagon AB, Class – B (Electronic Equipment, Instruments & Components) | 21 | ||||||
526 | Husqvarna AB (Household Durables) | 4 |
See accompanying notes to financial statements.
115
HC CAPITAL TRUST
The Catholic SRI Growth Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Sweden (continued) |
| |||||||
135 | ICA Gruppen AB (Food & Staples Retailing) | $ | 6 | |||||
249 | Industrivarden AB, C Shares (Diversified Financial Services) | 6 | ||||||
667 | Investor AB, B Shares (Diversified Financial Services) | 36 | ||||||
354 | Kinnevik AB, B (Diversified Financial Services) | 9 | ||||||
95 | L E Lundbergforetagen AB (Diversified Financial Services) | 4 | ||||||
282 | Lundin Petroleum AB (Oil, Gas & Consumable Fuels) | 10 | ||||||
1,657 | Sandvik AB (Machinery) | 32 | ||||||
460 | Securitas AB, B Shares (Commercial Services & Supplies) | 8 | ||||||
2,297 | Skandinaviska Enskilda Banken AB, Class – A (Banks) | 22 | ||||||
511 | Skanska AB, B Shares (Construction & Engineering) | 12 | ||||||
541 | SKF AB, B Shares (Machinery) | 11 | ||||||
2,155 | Svenska Handelsbanken AB, A Shares (Banks) | 23 | ||||||
1,279 | Swedbank AB, A Shares (Banks) | 19 | ||||||
709 | Tele2 AB, B Shares (Wireless Telecommunication Services) | 10 | ||||||
4,496 | Telefonaktiebolaget LM Ericsson, B Shares (Communications Equipment) | 39 | ||||||
3,939 | Telia Co. AB (Diversified Telecommunication Services) (a) | 17 | ||||||
2,178 | Volvo AB, B Shares (Machinery) | 37 | ||||||
|
| |||||||
519 | ||||||||
|
| |||||||
Switzerland — 2.65% |
| |||||||
2,662 | ABB Ltd., Registered Shares (Electrical Equipment) | 64 | ||||||
224 | Adecco SA, Registered Shares (Professional Services) | 14 | �� | |||||
608 | Alcon, Inc. (Health Care Equipment & Supplies) (b) | 34 | ||||||
69 | Baloise Holding AG, Registered Shares (Insurance) | 12 | ||||||
4 | Barry Callebaut AG (Food Products) | 9 | ||||||
2 | Chocoladefabriken Lindt & Sprungil AG (Food Products) | 16 | ||||||
659 | Chubb Ltd. (Insurance) | 103 | ||||||
307 | Clariant AG (Chemicals) | 7 | ||||||
284 | Coca-Cola HBC AG (Beverages) | 10 | ||||||
762 | Compagnie Financiere Richemont SA, Registered Shares (Textiles, Apparel & Luxury Goods) | 60 | ||||||
3,735 | Credit Suisse Group AG (Capital Markets) | 51 | ||||||
54 | Dufry AG (Specialty Retail) | 5 | ||||||
12 | EMS-Chemie Holding AG, Registered Shares (Chemicals) | 8 | ||||||
188 | Garmin Ltd. (Household Durables) | 18 | ||||||
55 | Geberit AG (Building Products) | 31 | ||||||
13 | Givaudan SA (Chemicals) | 41 | ||||||
317 | Julius Baer Group Ltd. (Capital Markets) | 16 | ||||||
77 | Kuehne & Nagel International Ltd. (Marine) | 13 | ||||||
711 | LafargeHolcim Ltd., Registered Shares (Construction Materials) (a) | 39 | ||||||
4,268 | Nestle SA (Food Products) | 462 |
Shares | Security Description | Value (000) | ||||||
Switzerland (continued) |
| |||||||
48 | Pargesa Holding SA (Diversified Financial Services) | $ | 4 | |||||
26 | Partners Group Holding AG (Capital Markets) | 24 | ||||||
58 | Schindler Holding AG (Machinery) | 14 | ||||||
31 | Schindler Holding AG (Machinery) | 8 | ||||||
8 | SGS SA, Registered Shares (Professional Services) | 22 | ||||||
187 | Sika AG, Registered Shares (Chemicals) | 35 | ||||||
79 | Sonova Holding AG, Registered Shares (Health Care Equipment & Supplies) (a) | 18 | ||||||
15 | Straumann Holding AG (Health Care Equipment & Supplies) | 15 | ||||||
48 | Swiss Life Holding AG (Insurance) | 24 | ||||||
108 | Swiss Prime Site AG (Real Estate Management & Development) | 12 | ||||||
423 | Swiss Re AG (Insurance) | 48 | ||||||
39 | Swisscom AG (Diversified Telecommunication Services) | 21 | ||||||
500 | TE Connectivity Ltd. (Electronic Equipment, Instruments & Components) | 48 | ||||||
91 | Temenos AG (Software) | 14 | ||||||
71 | The Swatch Group AG (Textiles, Apparel & Luxury Goods) | 4 | ||||||
41 | The Swatch Group AG, B Shares (Textiles, Apparel & Luxury Goods) | 11 | ||||||
5,533 | UBS Group AG (Capital Markets) | 70 | ||||||
65 | Vifor Pharma AG (Pharmaceuticals) | 12 | ||||||
214 | Zurich Financial Services AG (Insurance) | 88 | ||||||
|
| |||||||
1,505 | ||||||||
|
| |||||||
United Arab Emirates — 0.01% |
| |||||||
118 | NMC Health PLC (Health Care Providers & Services) (a) | 3 | ||||||
|
| |||||||
United Kingdom — 5.54% |
| |||||||
1,422 | 3i Group PLC (Capital Markets) | 21 | ||||||
278 | Admiral Group PLC (Insurance) | 9 | ||||||
2,287 | Amcor PLC (Containers & Packaging) | 25 | ||||||
1,488 | Anglo American PLC (Metals & Mining) | 43 | ||||||
585 | Antofagasta PLC (Metals & Mining) | 7 | ||||||
341 | Aon PLC (Insurance) | 71 | ||||||
367 | Aptiv PLC (Auto Components) | 35 | ||||||
667 | Ashtead Group PLC (Trading Companies & Distributors) | 21 | ||||||
504 | Associated British Foods PLC (Food Products) | 17 | ||||||
1,329 | Auto Trader Group PLC (Interactive Media & Services) (a) | 10 | ||||||
84 | Aveva Group PLC (Software) | 5 | ||||||
5,748 | Aviva PLC (Insurance) | 32 | ||||||
24,906 | Barclays PLC (Banks) | 59 | ||||||
1,516 | Barratt Developments PLC (Household Durables) | 15 | ||||||
185 | Berkeley Group Holdings PLC (Household Durables) | 12 | ||||||
29,228 | BP PLC (Oil, Gas & Consumable Fuels) | 182 | ||||||
1,290 | British Land Co. PLC (Equity Real Estate Investment Trusts) | 11 | ||||||
12,371 | BT Group PLC (Diversified Telecommunication Services) | 32 | ||||||
477 | Bunzl PLC (Trading Companies & Distributors) | 13 |
See accompanying notes to financial statements.
116
HC CAPITAL TRUST
The Catholic SRI Growth Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
United Kingdom (continued) |
| |||||||
582 | Burberry Group PLC (Textiles, Apparel & Luxury Goods) (a) | $ | 17 | |||||
200 | Capri Holdings Ltd. (Textiles, Apparel & Luxury Goods) (b) | 8 | ||||||
234 | Carnival PLC (Hotels, Restaurants & Leisure) | 11 | ||||||
8,104 | Centrica PLC (Multi-Utilities) (a) | 10 | ||||||
335 | Coca-Cola European Partners PLC (Beverages) | 17 | ||||||
2,313 | Compass Group PLC (Hotels, Restaurants & Leisure) | 58 | ||||||
182 | Croda International PLC (Chemicals) | 12 | ||||||
3,412 | Diageo PLC (Beverages) | 145 | ||||||
2,018 | Direct Line Insurance Group PLC (Insurance) | 8 | ||||||
254 | easyJet PLC (Airlines) | 5 | ||||||
753 | Evraz PLC (Metals & Mining) | 4 | ||||||
329 | Ferguson PLC (Trading Companies & Distributors) | 30 | ||||||
2,313 | G4S PLC (Commercial Services & Supplies) | 7 | ||||||
537 | Halma PLC (Electronic Equipment, Instruments & Components) | 15 | ||||||
404 | Hargreaves Lansdown PLC (Capital Markets) | 10 | ||||||
29,077 | HSBC Holdings PLC (Banks) | 227 | ||||||
1,768 | Informa PLC (Media) | 20 | ||||||
243 | Intercontinental Hotels Group PLC (Hotels, Restaurants & Leisure) | 17 | ||||||
228 | Intertek Group PLC (Professional Services) | 18 | ||||||
5,347 | ITV PLC (Media) | 11 | ||||||
2,611 | J Sainsbury PLC (Food & Staples Retailing) | 8 | ||||||
565 | JD Sports Fashion PLC (Specialty Retail) (a) | 6 | ||||||
274 | Johnson Matthey PLC (Chemicals) | 11 | ||||||
3,099 | Kingfisher PLC (Specialty Retail) | 9 | ||||||
1,000 | Land Securities Group PLC (Equity Real Estate Investment Trusts) | 13 | ||||||
8,752 | Legal & General Group PLC (Insurance) | 35 | ||||||
255 | Liberty Global PLC, Class – A (Media) (b) | 6 | ||||||
588 | Liberty Global PLC, Class – C (Media) (b) | 13 | ||||||
779 | Linde PLC (Chemicals) | 166 | ||||||
103,339 | Lloyds Banking Group PLC (Banks) | 86 | ||||||
456 | London Stock Exchange Group PLC (Capital Markets) | 47 | ||||||
3,588 | M&G PLC (Diversified Financial Services) (b) | 11 | ||||||
2,577 | Marks & Spencer Group PLC (Multiline Retail) | 7 | ||||||
1,145 | Meggitt PLC (Aerospace & Defense) | 10 | ||||||
6,870 | Melrose Industries PLC (Electrical Equipment) | 21 | ||||||
486 | Micro Focus International PLC (Software) | 7 | ||||||
719 | Mondi PLC (Paper & Forest Products) | 17 | ||||||
4,924 | National Grid PLC (Multi-Utilities) | 61 | ||||||
195 | Next PLC (Multiline Retail) | 18 | ||||||
647 | Ocado Group PLC (Internet & Direct Marketing Retail) (a)(b) | 11 | ||||||
1,108 | Pearson PLC (Media) | 9 | ||||||
450 | Persimmon PLC (Household Durables) | 16 | ||||||
3,690 | Prudential PLC (Insurance) | 71 | ||||||
2,803 | RELX PLC (Professional Services) | 70 | ||||||
2,619 | Rentokil Initial PLC (Commercial Services & Supplies) | 15 | ||||||
1,619 | Rio Tinto PLC (Metals & Mining) | 97 |
Shares | Security Description | Value (000) | ||||||
United Kingdom (continued) |
| |||||||
6,805 | Royal Bank of Scotland Group PLC (Banks) (a) | $ | 22 | |||||
6,135 | Royal Dutch Shell PLC, A Shares (Oil, Gas & Consumable Fuels) | 181 | ||||||
5,380 | Royal Dutch Shell PLC, B Shares (Oil, Gas & Consumable Fuels) | 160 | ||||||
�� | 1,457 | RSA Insurance Group PLC (Insurance) | 11 | |||||
184 | Schroders PLC (Capital Markets) | 8 | ||||||
1,547 | SEGRO PLC (Equity Real Estate Investment Trusts) (a) | 18 | ||||||
233 | Sensata Technologies Holding PLC (Electrical Equipment) (b) | 13 | ||||||
347 | Severn Trent PLC (Water Utilities) | 12 | ||||||
1,285 | Smith & Nephew PLC (Health Care Equipment & Supplies) | 31 | ||||||
561 | Smiths Group PLC (Industrial Conglomerates) | 13 | ||||||
104 | Spirax-Sarco Engineering PLC (Machinery) | 12 | ||||||
1,521 | SSE PLC (Electric Utilities) | 29 | ||||||
752 | St. James Place PLC (Capital Markets) | 12 | ||||||
3,911 | Standard Chartered PLC (Banks) | 37 | ||||||
3,528 | Standard Life Aberdeen PLC (Diversified Financial Services) | 16 | ||||||
4,931 | Taylor Wimpey PLC (Household Durables) | 13 | ||||||
605 | TechnipFMC PLC (Energy Equipment & Services) | 13 | ||||||
14,320 | Tesco PLC (Food & Staples Retailing) | 49 | ||||||
1,536 | The Sage Group PLC (Software) | 15 | ||||||
383 | The Weir Group PLC (Machinery) (a) | 8 | ||||||
2,092 | Unilever N.V. (Personal Products) | 120 | ||||||
1,584 | Unilever PLC (Personal Products) | 91 | ||||||
996 | United Utilities Group PLC (Water Utilities) | 12 | ||||||
38,374 | Vodafone Group PLC (Wireless Telecommunication Services) | 75 | ||||||
201 | Whitbread PLC (Hotels, Restaurants & Leisure) | 13 | ||||||
3,471 | William Morrison Supermarkets PLC (Food & Staples Retailing) | 9 | ||||||
189 | Willis Towers Watson PLC (Insurance) | 38 | ||||||
|
| |||||||
3,142 | ||||||||
|
| |||||||
United States — 60.81% |
| |||||||
826 | 3M Co. (Industrial Conglomerates) | 146 | ||||||
202 | A.O. Smith Corp. (Building Products) | 10 | ||||||
2,531 | Abbott Laboratories (Health Care Equipment & Supplies) | 221 | ||||||
63 | Abiomed, Inc. (Health Care Equipment & Supplies) (b) | 11 | ||||||
914 | Accenture PLC, Class – A (IT Services) | 192 | ||||||
1,106 | Activision Blizzard, Inc. (Entertainment) | 66 | ||||||
59 | Acuity Brands, Inc. (Electrical Equipment) | 8 | ||||||
696 | Adobe, Inc. (Software) (b) | 229 | ||||||
102 | Advance Auto Parts, Inc. (Specialty Retail) | 16 | ||||||
1,487 | Advanced Micro Devices, Inc. (Semiconductors & Semiconductor Equipment) (b) | 68 | ||||||
1,076 | Aflac, Inc. (Insurance) | 57 | ||||||
456 | Agilent Technologies, Inc. (Life Sciences Tools & Services) | 39 | ||||||
760 | AGNC Investment Corp. (Mortgage Real Estate Investment Trusts) | 13 | ||||||
313 | Air Products & Chemicals, Inc. (Chemicals) | 74 | ||||||
231 | Akamai Technologies, Inc. (IT Services) (b) | 20 |
See accompanying notes to financial statements.
117
HC CAPITAL TRUST
The Catholic SRI Growth Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
United States (continued) |
| |||||||
150 | Albemarle Corp. (Chemicals) | $ | 11 | |||||
166 | Alexandria Real Estate Equities, Inc. (Equity Real Estate Investment Trusts) | 27 | ||||||
329 | Alexion Pharmaceuticals, Inc. (Biotechnology) (b) | 36 | ||||||
107 | Align Technology, Inc. (Health Care Equipment & Supplies) (b) | 30 | ||||||
21 | Alleghany Corp. (Insurance) (b) | 17 | ||||||
68 | Alliance Data Systems Corp. (IT Services) | 8 | ||||||
334 | Alliant Energy Corp. (Electric Utilities) | 18 | ||||||
481 | Allstate Corp. (Insurance) | 54 | ||||||
569 | Ally Financial, Inc. (Consumer Finance) | 17 | ||||||
154 | Alnylam Pharmaceuticals, Inc. (Biotechnology) (b) | 18 | ||||||
429 | Alphabet, Inc., Class – A (Interactive Media & Services) (b) | 575 | ||||||
448 | Alphabet, Inc., Class – C (Interactive Media & Services) (b) | 599 | ||||||
225 | Altice USA, Inc. (Media) (b) | 6 | ||||||
603 | Amazon.com, Inc. (Internet & Direct Marketing Retail) (b) | 1,114 | ||||||
14 | AMERCO, Inc. (Road & Rail) | 5 | ||||||
361 | Ameren Corp. (Multi-Utilities) | 28 | ||||||
142 | American Airlines Group, Inc. (Airlines) | 4 | ||||||
712 | American Electric Power, Inc. (Electric Utilities) | 67 | ||||||
1,017 | American Express Co. (Consumer Finance) | 127 | ||||||
107 | American Financial Group, Inc. (Insurance) | 12 | ||||||
1,254 | American International Group, Inc. (Insurance) | 63 | ||||||
634 | American Tower Corp. (Equity Real Estate Investment Trusts) | 147 | ||||||
265 | American Water Works Co., Inc. (Water Utilities) | 33 | ||||||
191 | Ameriprise Financial, Inc. (Capital Markets) | 32 | ||||||
223 | AmerisourceBergen Corp. (Health Care Providers & Services) | 19 | ||||||
334 | AMETEK, Inc. (Electrical Equipment) | 33 | ||||||
432 | Amphenol Corp., Class – A (Electronic Equipment, Instruments & Components) | 46 | ||||||
524 | Analog Devices, Inc. (Semiconductors & Semiconductor Equipment) | 62 | ||||||
2,142 | Annaly Capital Management, Inc. (Mortgage Real Estate Investment Trusts) | 21 | ||||||
124 | ANSYS, Inc. (Software) (b) | 32 | ||||||
368 | Anthem, Inc. (Health Care Providers & Services) | 111 | ||||||
530 | Apache Corp. (Oil, Gas & Consumable Fuels) | 14 | ||||||
6,480 | Apple, Inc. (Technology Hardware, Storage & Peripherals) | 1,902 | ||||||
1,325 | Applied Materials, Inc. (Semiconductors & Semiconductor Equipment) | 81 | ||||||
278 | Aqua America, Inc. (Water Utilities) | 13 | ||||||
349 | Aramark (Hotels, Restaurants & Leisure) | 15 | ||||||
821 | Archer-Daniels-Midland Co. (Food Products) | 38 | ||||||
589 | Arconic, Inc. (Aerospace & Defense) | 18 | ||||||
80 | Arista Networks, Inc. (Communications Equipment) (b) | 16 | ||||||
125 | Arrow Electronics, Inc. (Electronic Equipment, Instruments & Components) (b) | 11 | ||||||
273 | Arthur J. Gallagher & Co. (Insurance) | 26 | ||||||
88 | Assurant, Inc. (Insurance) | 12 |
Shares | Security Description | Value (000) | ||||||
United States (continued) |
| |||||||
10,483 | AT&T, Inc. (Diversified Telecommunication Services) | $ | 409 | |||||
165 | Atmos Energy Corp. (Gas Utilities) | 19 | ||||||
319 | Autodesk, Inc. (Software) (b) | 59 | ||||||
122 | Autoliv, Inc. (Auto Components) | 10 | ||||||
623 | Automatic Data Processing, Inc. (IT Services) | 106 | ||||||
35 | AutoZone, Inc. (Specialty Retail) (b) | 42 | ||||||
201 | AvalonBay Communities, Inc. (Equity Real Estate Investment Trusts) | 42 | ||||||
119 | Avery Dennison Corp. (Containers & Packaging) | 16 | ||||||
585 | AXA Equitable Holdings, Inc. (Diversified Financial Services) | 14 | ||||||
300 | Axalta Coating Systems Ltd. (Chemicals) (b) | 9 | ||||||
915 | Baker Hughes, Inc. (Energy Equipment & Services) | 23 | ||||||
466 | Ball Corp. (Containers & Packaging) | 29 | ||||||
12,680 | Bank of America Corp. (Banks) | 446 | ||||||
1,220 | Bank of New York Mellon Corp. (Capital Markets) | 61 | ||||||
699 | Baxter International, Inc. (Health Care Equipment & Supplies) | 58 | ||||||
388 | Becton, Dickinson & Co. (Health Care Equipment & Supplies) | 106 | ||||||
1,885 | Berkshire Hathaway, Inc., Class – B (Diversified Financial Services) (b) | 427 | ||||||
344 | Best Buy Co., Inc. (Specialty Retail) | 30 | ||||||
251 | BioMarin Pharmaceutical, Inc. (Biotechnology) (b) | 21 | ||||||
29 | Bio-Rad Laboratories, Inc., Class – A (Life Sciences Tools & Services) (b) | 11 | ||||||
193 | Black Knight, Inc. (IT Services) (b) | 12 | ||||||
167 | BlackRock, Inc., Class – A (Capital Markets) | 84 | ||||||
61 | Booking Holdings, Inc. (Internet & Direct Marketing Retail) (b) | 125 | ||||||
181 | Booz Allen Hamilton Holding Corp. (IT Services) | 13 | ||||||
294 | BorgWarner, Inc. (Auto Components) | 13 | ||||||
227 | Boston Properties, Inc. (Equity Real Estate Investment Trusts) | 31 | ||||||
1,977 | Boston Scientific Corp. (Health Care Equipment & Supplies) (b) | 89 | ||||||
567 | Broadcom, Inc. (Semiconductors & Semiconductor Equipment) | 179 | ||||||
163 | Broadridge Financial Solutions, Inc. (IT Services) | 20 | ||||||
309 | Brown & Brown, Inc. (Insurance) | 12 | ||||||
452 | Brown-Forman Corp., Class – B (Beverages) | 31 | ||||||
96 | Burlington Stores, Inc. (Specialty Retail) (b) | 22 | ||||||
194 | C.H. Robinson Worldwide, Inc. (Air Freight & Logistics) | 15 | ||||||
600 | Cabot Oil & Gas Corp. (Oil, Gas & Consumable Fuels) | 10 | ||||||
413 | Cadence Design Systems, Inc. (Software) (b) | 29 | ||||||
137 | Camden Property Trust (Equity Real Estate Investment Trusts) | 15 | ||||||
235 | Campbell Soup Co. (Food Products) | 12 | ||||||
666 | Capital One Financial Corp. (Consumer Finance) | 69 | ||||||
434 | Cardinal Health, Inc. (Health Care Providers & Services) | 22 | ||||||
240 | CarMax, Inc. (Specialty Retail) (b) | 21 | ||||||
806 | Caterpillar, Inc. (Machinery) | 119 | ||||||
158 | CBOE Global Markets, Inc. (Capital Markets) | 19 |
See accompanying notes to financial statements.
118
HC CAPITAL TRUST
The Catholic SRI Growth Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
United States (continued) |
| |||||||
456 | CBRE Group, Inc., Class – A (Real Estate Management & Development) (b) | $ | 28 | |||||
178 | CDK Global, Inc. (Software) | 10 | ||||||
207 | CDW Corporation of Delaware (Electronic Equipment, Instruments & Components) | 29 | ||||||
181 | Celanese Corp., Series A (Chemicals) | 22 | ||||||
606 | Centene Corp. (Health Care Providers & Services) (b) | 38 | ||||||
707 | CenterPoint Energy, Inc. (Multi-Utilities) | 19 | ||||||
1,375 | CenturyLink, Inc. (Diversified Telecommunication Services) | 18 | ||||||
464 | Cerner Corp. (Health Care Technology) | 34 | ||||||
316 | CF Industries Holdings, Inc. (Chemicals) | 15 | ||||||
222 | Charter Communications, Inc., Class – A (Media) (b) | 107 | ||||||
327 | Cheniere Energy, Inc. (Oil, Gas & Consumable Fuels) (b) | 20 | ||||||
2,720 | Chevron Corp. (Oil, Gas & Consumable Fuels) | 328 | ||||||
37 | Chipotle Mexican Grill, Inc. (Hotels, Restaurants & Leisure) (b) | 31 | ||||||
546 | Cigna Corp. (Health Care Providers & Services) | 112 | ||||||
228 | Cincinnati Financial Corp. (Insurance) | 24 | ||||||
125 | Cintas Corp. (Commercial Services & Supplies) | 34 | ||||||
6,147 | Cisco Systems, Inc. (Communications Equipment) | 295 | ||||||
3,239 | Citigroup, Inc. (Banks) | 259 | ||||||
650 | Citizens Financial Group, Inc. (Banks) | 26 | ||||||
186 | Citrix Systems, Inc. (Software) | 21 | ||||||
513 | CME Group, Inc. (Capital Markets) | 103 | ||||||
417 | CMS Energy Corp. (Multi-Utilities) | 26 | ||||||
243 | Cognex Corp. (Electronic Equipment, Instruments & Components) | 14 | ||||||
792 | Cognizant Technology Solutions Corp. (IT Services) | 49 | ||||||
1,174 | Colgate-Palmolive Co. (Household Products) | 81 | ||||||
6,503 | Comcast Corp., Class – A (Media) | 291 | ||||||
225 | Comerica, Inc. (Banks) | 16 | ||||||
686 | ConAgra Foods, Inc. (Food Products) | 23 | ||||||
282 | Concho Resources, Inc. (Oil, Gas & Consumable Fuels) | 25 | ||||||
1,592 | ConocoPhillips (Oil, Gas & Consumable Fuels) | 104 | ||||||
474 | Consolidated Edison, Inc. (Multi-Utilities) | 43 | ||||||
242 | Constellation Brands, Inc., Class – A (Beverages) | 46 | ||||||
140 | Continental Resources, Inc. (Oil, Gas & Consumable Fuels) | 5 | ||||||
304 | Copart, Inc. (Commercial Services & Supplies) (b) | 28 | ||||||
1,103 | Corteva, Inc. (Chemicals) | 33 | ||||||
51 | CoStar Group, Inc. (Professional Services) (b) | 31 | ||||||
631 | Costco Wholesale Corp. (Food & Staples Retailing) | 185 | ||||||
378 | Coty, Inc., Class – A (Personal Products) | 4 | ||||||
599 | Crown Castle International Corp. (Equity Real Estate Investment Trusts) | 86 | ||||||
192 | Crown Holdings, Inc. (Containers & Packaging) (b) | 14 | ||||||
1,088 | CSX Corp. (Road & Rail) | 79 | ||||||
219 | Cummins, Inc. (Machinery) | 39 | ||||||
1,861 | CVS Health Corp. (Health Care Providers & Services) | 138 |
Shares | Security Description | Value (000) | ||||||
United States (continued) |
| |||||||
501 | D.R. Horton, Inc. (Household Durables) | $ | 26 | |||||
174 | Darden Restaurants, Inc. (Hotels, Restaurants & Leisure) | 19 | ||||||
138 | DaVita, Inc. (Health Care Providers & Services) (b) | 10 | ||||||
434 | Deere & Co. (Machinery) | 75 | ||||||
220 | Dell Technologies, Inc. (Technology Hardware, Storage & Peripherals) (b) | 11 | ||||||
244 | Delta Air Lines, Inc. (Airlines) | 14 | ||||||
322 | Dentsply Sirona, Inc. (Health Care Equipment & Supplies) | 18 | ||||||
619 | Devon Energy Corp. (Oil, Gas & Consumable Fuels) | 16 | ||||||
134 | Dexcom, Inc. (Health Care Equipment & Supplies) (b) | 29 | ||||||
220 | Diamondback Energy, Inc. (Oil, Gas & Consumable Fuels) | 20 | ||||||
302 | Digital Realty Trust, Inc. (Equity Real Estate Investment Trusts) | 36 | ||||||
463 | Discover Financial Services (Consumer Finance) | 39 | ||||||
231 | Discovery, Inc., Class – A (Media) (b) | 8 | ||||||
509 | Discovery, Inc., Class – C (Media) (b) | 16 | ||||||
381 | Dish Network Corp. (Media) (b) | 14 | ||||||
150 | DocuSign, Inc. (Software) (b) | 11 | ||||||
372 | Dollar General Corp. (Multiline Retail) | 58 | ||||||
347 | Dollar Tree, Inc. (Multiline Retail) (b) | 33 | ||||||
1,175 | Dominion Energy, Inc. (Multi-Utilities) | 96 | ||||||
55 | Domino’s Pizza, Inc. (Hotels, Restaurants & Leisure) | 16 | ||||||
215 | Dover Corp. (Machinery) | 25 | ||||||
1,082 | Dow, Inc. (Chemicals) | 59 | ||||||
281 | Dropbox, Inc. (Software) (b) | 5 | ||||||
269 | DTE Energy Co. (Multi-Utilities) | 35 | ||||||
1,042 | Duke Energy Corp. (Electric Utilities) | 95 | ||||||
508 | Duke Realty Corp. (Equity Real Estate Investment Trusts) | 18 | ||||||
1,083 | DuPont de Nemours, Inc. (Chemicals) | 70 | ||||||
378 | DXC Technology Co. (IT Services) | 14 | ||||||
348 | E*Trade Financial Corp. (Capital Markets) | 16 | ||||||
206 | East West Bancorp, Inc. (Banks) | 10 | ||||||
198 | Eastman Chemical Co. (Chemicals) | 16 | ||||||
170 | Eaton Vance Corp. (Capital Markets) | 8 | ||||||
1,144 | eBay, Inc. (Internet & Direct Marketing Retail) | 41 | ||||||
374 | Ecolab, Inc. (Chemicals) | 72 | ||||||
513 | Edison International (Electric Utilities) | 39 | ||||||
296 | Edwards Lifesciences Corp. (Health Care Equipment & Supplies) (b) | 69 | ||||||
500 | Elanco Animal Health, Inc. (Pharmaceuticals) (b) | 15 | ||||||
422 | Electronic Arts, Inc. (Entertainment) (b) | 45 | ||||||
871 | Emerson Electric Co. (Electrical Equipment) | 67 | ||||||
278 | Entergy Corp. (Electric Utilities) | 33 | ||||||
822 | EOG Resources, Inc. (Oil, Gas & Consumable Fuels) | 69 | ||||||
77 | EPAM Systems, Inc. (IT Services) (b) | 16 | ||||||
170 | Equifax, Inc. (Professional Services) | 24 | ||||||
122 | Equinix, Inc. (Equity Real Estate Investment Trusts) | 71 | ||||||
242 | Equity Lifestyle Properties, Inc. (Equity Real Estate Investment Trusts) | 17 |
See accompanying notes to financial statements.
119
HC CAPITAL TRUST
The Catholic SRI Growth Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
United States (continued) |
| |||||||
541 | Equity Residential (Equity Real Estate Investment Trusts) | $ | 44 | |||||
37 | Erie Indemnity Co., Class – A (Insurance) | 6 | ||||||
96 | Essex Property Trust, Inc. (Equity Real Estate Investment Trusts) | 29 | ||||||
338 | Evergy, Inc. (Electric Utilities) | 22 | ||||||
465 | Eversource Energy (Electric Utilities) | 40 | ||||||
207 | Exact Sciences Corp. (Biotechnology) (b) | 19 | ||||||
1,375 | Exelon Corp. (Electric Utilities) | 63 | ||||||
204 | Expedia Group, Inc. (Internet & Direct Marketing Retail) | 22 | ||||||
243 | Expeditors International of Washington, Inc. (Air Freight & Logistics) | 19 | ||||||
180 | Extra Space Storage, Inc. (Equity Real Estate Investment Trusts) | 19 | ||||||
6,078 | Exxon Mobil Corp. (Oil, Gas & Consumable Fuels) | 423 | ||||||
84 | F5 Networks, Inc. (Communications Equipment) (b) | 12 | ||||||
3,452 | Facebook, Inc., Class – A (Interactive Media & Services) (b) | 708 | ||||||
54 | FactSet Research Systems, Inc. (Capital Markets) | 14 | ||||||
840 | Fastenal Co. (Trading Companies & Distributors) | 31 | ||||||
105 | Federal Realty Investment Trust (Equity Real Estate Investment Trusts) | 14 | ||||||
357 | FedEx Corp. (Air Freight & Logistics) | 54 | ||||||
879 | Fidelity National Information Services, Inc. (IT Services) | 122 | ||||||
1,069 | Fifth Third Bancorp (Banks) | 33 | ||||||
247 | First Republic Bank (Banks) | 29 | ||||||
778 | FirstEnergy Corp. (Electric Utilities) | 38 | ||||||
827 | Fiserv, Inc. (IT Services) (b) | 96 | ||||||
123 | FleetCor Technologies, Inc. (IT Services) (b) | 35 | ||||||
198 | Flowserve Corp. (Machinery) | 10 | ||||||
188 | FMC Corp. (Chemicals) | 19 | ||||||
389 | FNF Group (Insurance) | 18 | ||||||
5,724 | Ford Motor Co. (Automobiles) | 53 | ||||||
215 | Fortinet, Inc. (Software) (b) | 23 | ||||||
442 | Fortive Corp. (Machinery) | 34 | ||||||
199 | Fortune Brands Home & Security, Inc. (Building Products) | 13 | ||||||
497 | Fox Corp., Class – A (Media) | 18 | ||||||
246 | Fox Corp., Class – B (Media) | 9 | ||||||
461 | Franklin Resources, Inc. (Capital Markets) | 12 | ||||||
2,043 | Freeport-McMoRan, Inc. (Metals & Mining) | 27 | ||||||
295 | Gap, Inc. (Specialty Retail) | 5 | ||||||
127 | Gartner Group, Inc. (IT Services) (b) | 20 | ||||||
866 | General Mills, Inc. (Food Products) | 46 | ||||||
1,810 | General Motors Co. (Automobiles) | 66 | ||||||
206 | Genuine Parts Co. (Distributors) | 22 | ||||||
426 | Global Payments, Inc. (IT Services) | 78 | ||||||
150 | Globe Life, Inc. (Insurance) | 16 | ||||||
245 | GoDaddy, Inc., Class – A (IT Services) (b) | 17 | ||||||
464 | Goldman Sachs Group, Inc. (Capital Markets) | 107 | ||||||
129 | GrubHub, Inc. (Internet & Direct Marketing Retail) (b) | 6 | ||||||
106 | Guidewire Software, Inc. (Software) (b) | 12 |
Shares | Security Description | Value (000) | ||||||
United States (continued) |
| |||||||
1,286 | Halliburton Co. (Energy Equipment & Services) | $ | 31 | |||||
530 | Hanesbrands, Inc. (Textiles, Apparel & Luxury Goods) | 8 | ||||||
231 | Harley-Davidson, Inc. (Automobiles) | 9 | ||||||
531 | Hartford Financial Services Group, Inc. (Insurance) | 32 | ||||||
183 | Hasbro, Inc. (Leisure Products) | 19 | ||||||
392 | HCA Holdings, Inc. (Health Care Providers & Services) | 58 | ||||||
253 | HD Supply Holdings, Inc. (Trading Companies & Distributors) (b) | 10 | ||||||
674 | Healthpeak Properties, Inc. (Equity Real Estate Investment Trusts) | 23 | ||||||
63 | HEICO Corp. (Aerospace & Defense) | 7 | ||||||
107 | HEICO Corp., Class – A (Aerospace & Defense) | 10 | ||||||
221 | Henry Schein, Inc. (Health Care Providers & Services) (b) | 15 | ||||||
218 | Hershey Co. (Food Products) | 32 | ||||||
402 | Hess Corp. (Oil, Gas & Consumable Fuels) | 27 | ||||||
1,873 | Hewlett Packard Enterprise Co. (Technology Hardware, Storage & Peripherals) | 30 | ||||||
390 | Hilton Worldwide Holdings, Inc. (Hotels, Restaurants & Leisure) | 43 | ||||||
231 | HollyFrontier Corp. (Oil, Gas & Consumable Fuels) | 12 | ||||||
378 | Hologic, Inc. (Health Care Equipment & Supplies) (b) | 20 | ||||||
415 | Hormel Foods Corp. (Food Products) | 19 | ||||||
1,046 | Host Hotels & Resorts, Inc. (Equity Real Estate Investment Trusts) | 19 | ||||||
2,157 | HP, Inc. (Technology Hardware, Storage & Peripherals) | 44 | ||||||
195 | Humana, Inc. (Health Care Providers & Services) | 71 | ||||||
123 | Hunt (JB) Transportation Services, Inc. (Road & Rail) | 14 | ||||||
1,477 | Huntington Bancshares, Inc. (Banks) | 22 | ||||||
107 | IDEX Corp. (Machinery) | 18 | ||||||
126 | IDEXX Laboratories, Inc. (Health Care Equipment & Supplies) (b) | 33 | ||||||
469 | Illinois Tool Works, Inc. (Machinery) | 84 | ||||||
208 | Illumina, Inc. (Life Sciences Tools & Services) (b) | 69 | ||||||
257 | Incyte Corp. (Biotechnology) (b) | 22 | ||||||
98 | Ingredion, Inc. (Food Products) | 9 | ||||||
89 | Insulet Corp. (Health Care Equipment & Supplies) (b) | 15 | ||||||
6,350 | Intel Corp. (Semiconductors & Semiconductor Equipment) | 379 | ||||||
116 | InterActive Corp. (Interactive Media & Services) (b) | 29 | ||||||
812 | Intercontinental Exchange, Inc. (Capital Markets) | 75 | ||||||
1,271 | International Business Machines Corp. (IT Services) | 170 | ||||||
143 | International Flavors & Fragrances, Inc. (Chemicals) | 18 | ||||||
536 | International Paper Co. (Containers & Packaging) | 25 | ||||||
373 | Intuit, Inc. (Software) | 98 | ||||||
165 | Intuitive Surgical, Inc. (Health Care Equipment & Supplies) (b) | 98 | ||||||
763 | Invitation Homes, Inc. (Equity Real Estate Investment Trusts) | 23 |
See accompanying notes to financial statements.
120
HC CAPITAL TRUST
The Catholic SRI Growth Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
United States (continued) |
| |||||||
186 | Ionis Pharmaceuticals, Inc. (Biotechnology) (b) | $ | 11 | |||||
53 | IPG Photonics Corp. (Electronic Equipment, Instruments & Components) (b) | 8 | ||||||
246 | IQVIA Holdings, Inc. (Life Sciences Tools & Services) (b) | 38 | ||||||
406 | Iron Mountain, Inc. (Equity Real Estate Investment Trusts) | 13 | ||||||
109 | Jack Henry & Associates, Inc. (IT Services) | 16 | ||||||
198 | Jacobs Engineering Group, Inc. (Construction & Engineering) | 18 | ||||||
85 | Jazz Pharmaceuticals PLC (Pharmaceuticals) (b) | 13 | ||||||
378 | Jefferies Financial Group, Inc. (Diversified Financial Services) | 8 | ||||||
1,163 | Johnson Controls International PLC (Building Products) | 47 | ||||||
73 | Jones Lang LaSalle, Inc. (Real Estate Management & Development) | 13 | ||||||
4,584 | JPMorgan Chase & Co. (Banks) | 638 | ||||||
493 | Juniper Networks, Inc. (Communications Equipment) | 12 | ||||||
143 | Kansas City Southern (Road & Rail) | 22 | ||||||
371 | Kellogg Co. (Food Products) | 26 | ||||||
1,482 | KeyCorp (Banks) | 30 | ||||||
277 | Keysight Technologies, Inc. (Electronic Equipment, Instruments & Components) (b) | 28 | ||||||
496 | Kimberly-Clark Corp. (Household Products) | 68 | ||||||
598 | Kimco Realty Corp. (Equity Real Estate Investment Trusts) | 12 | ||||||
2,884 | Kinder Morgan, Inc. (Oil, Gas & Consumable Fuels) | 61 | ||||||
687 | KKR & Co., Inc., Class – A (Capital Markets) | 20 | ||||||
231 | KLA Corp. (Semiconductors & Semiconductor Equipment) | 41 | ||||||
193 | Knight-Swift Transportation Holdings, Inc. (Road & Rail) | 7 | ||||||
243 | Kohl’s Corp. (Multiline Retail) | 12 | ||||||
139 | Laboratory Corporation of America Holdings (Health Care Providers & Services) (b) | 24 | ||||||
207 | Lam Research Corp. (Semiconductors & Semiconductor Equipment) | 61 | ||||||
207 | Lamb Weston Holding, Inc. (Food Products) | 18 | ||||||
510 | Las Vegas Sands Corp. (Hotels, Restaurants & Leisure) | 35 | ||||||
84 | Lear Corp. (Auto Components) | 12 | ||||||
193 | Leggett & Platt, Inc. (Household Durables) | 10 | ||||||
405 | Lennar Corp., Class – A (Household Durables) | 23 | ||||||
50 | Lennox International, Inc. (Building Products) | 12 | ||||||
151 | Liberty Broadband, Class – C (Media) (b) | 19 | ||||||
288 | Liberty Media Corp. – Liberty Formula One, Class – C (Entertainment) (b) | 13 | ||||||
240 | Liberty Media Corp. – Liberty SiriusXM, Class – C (Media) (b) | 12 | ||||||
136 | Liberty Media Corp.-Liberty SiriusXM, Class – A (Media) (b) | 7 | ||||||
233 | Liberty Property Trust (Equity Real Estate Investment Trusts) | 14 | ||||||
289 | Lincoln National Corp. (Insurance) | 17 | ||||||
209 | Live Nation Entertainment, Inc. (Entertainment) (b) | 15 |
Shares | Security Description | Value (000) | ||||||
United States (continued) |
| |||||||
448 | LKQ Corp. (Distributors) (b) | $ | 16 | |||||
395 | Loews Corp. (Insurance) | 21 | ||||||
1,113 | Lowe’s Cos., Inc. (Specialty Retail) | 133 | ||||||
186 | M&T Bank Corp. (Banks) | 32 | ||||||
89 | ManpowerGroup, Inc. (Professional Services) | 9 | ||||||
1,217 | Marathon Oil Corp. (Oil, Gas & Consumable Fuels) | 17 | ||||||
956 | Marathon Petroleum Corp. (Oil, Gas & Consumable Fuels) | 58 | ||||||
20 | Markel Corp. (Insurance) (b) | 23 | ||||||
53 | MarketAxess Holdings, Inc. (Capital Markets) | 20 | ||||||
401 | Marriott International, Inc., Class – A (Hotels, Restaurants & Leisure) | 61 | ||||||
725 | Marsh & McLennan Cos., Inc. (Insurance) | 80 | ||||||
89 | Martin Marietta Materials, Inc. (Construction Materials) | 25 | ||||||
416 | Masco Corp. (Building Products) | 20 | ||||||
1,294 | MasterCard, Inc., Class – A (IT Services) | 386 | ||||||
73 | Match Group, Inc. (Interactive Media & Services)^ (b) | 6 | ||||||
385 | Maxim Integrated Products, Inc. (Semiconductors & Semiconductor Equipment) | 24 | ||||||
173 | McCormick & Company, Inc. (Food Products) | 29 | ||||||
1,088 | McDonald’s Corp. (Hotels, Restaurants & Leisure) | 215 | ||||||
265 | McKesson Corp. (Health Care Providers & Services) | 37 | ||||||
658 | Medical Properties Trust, Inc. (Equity Real Estate Investment Trusts) | 14 | ||||||
64 | MercadoLibre, Inc. (Internet & Direct Marketing Retail) (b) | 37 | ||||||
1,142 | MetLife, Inc. (Insurance) | 58 | ||||||
35 | Mettler-Toledo International, Inc. (Life Sciences Tools & Services) (b) | 28 | ||||||
719 | MGM Resorts International (Hotels, Restaurants & Leisure) | 24 | ||||||
349 | Microchip Technology, Inc. (Semiconductors & Semiconductor Equipment) | 37 | ||||||
1,595 | Micron Technology, Inc. (Semiconductors & Semiconductor Equipment) (b) | 86 | ||||||
10,414 | Microsoft Corp. (Software) | 1,641 | ||||||
161 | Mid-America Apartment Communities, Inc. (Equity Real Estate Investment Trusts) | 21 | ||||||
87 | Mohawk Industries, Inc. (Household Durables) (b) | 12 | ||||||
268 | Molson Coors Beverage Co., Class – B (Beverages) | 14 | ||||||
2,063 | Mondelez International, Inc., Class – A (Food Products) | 114 | ||||||
58 | MongoDB, Inc. (IT Services) (b) | 8 | ||||||
598 | Monster Beverage Corp. (Beverages) (b) | 38 | ||||||
243 | Moody’s Corp. (Capital Markets) | 58 | ||||||
1,777 | Morgan Stanley (Capital Markets) | 91 | ||||||
239 | Motorola Solutions, Inc. (Communications Equipment) | 39 | ||||||
125 | MSCI, Inc. Common (Capital Markets) | 32 | ||||||
163 | Nasdaq, Inc. (Capital Markets) | 17 | ||||||
544 | National Oilwell Varco, Inc. (Energy Equipment & Services) | 14 |
See accompanying notes to financial statements.
121
HC CAPITAL TRUST
The Catholic SRI Growth Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
United States (continued) |
| |||||||
229 | National Retail Properties, Inc. (Equity Real Estate Investment Trusts) | $ | 12 | |||||
348 | NetApp, Inc. (Technology Hardware, Storage & Peripherals) | 22 | ||||||
627 | Netflix, Inc. (Entertainment) (b) | 203 | ||||||
113 | Neurocrine Biosciences, Inc. (Biotechnology) (b) | 12 | ||||||
1,186 | Newmont Corp. (Metals & Mining) | 51 | ||||||
568 | News Corp., Inc., Class – A (Media) | 8 | ||||||
687 | NextEra Energy, Inc. (Electric Utilities) | 166 | ||||||
505 | Nielsen Holdings PLC (Professional Services) | 10 | ||||||
1,802 | NIKE, Inc., Class – B (Textiles, Apparel & Luxury Goods) | 183 | ||||||
526 | NiSource, Inc. (Multi-Utilities) | 15 | ||||||
684 | Noble Energy, Inc. (Oil, Gas & Consumable Fuels) | 17 | ||||||
168 | Nordstrom, Inc. (Multiline Retail) | 7 | ||||||
377 | Norfolk Southern Corp. (Road & Rail) | 73 | ||||||
293 | Northern Trust Corp. (Capital Markets) | 31 | ||||||
903 | Nortonlifelock, Inc. (Software) | 23 | ||||||
307 | Norwegian Cruise Line Holdings Ltd. (Hotels, Restaurants & Leisure) (b) | 18 | ||||||
364 | NRG Energy, Inc., Class – C (Independent Power and Renewable Electricity Producers) | 14 | ||||||
431 | Nucor Corp. (Metals & Mining) | 24 | ||||||
830 | NVIDIA Corp. (Semiconductors & Semiconductor Equipment) | 195 | ||||||
5 | NVR, Inc. (Household Durables) (b) | 19 | ||||||
1,291 | Occidental Petroleum Corp. (Oil, Gas & Consumable Fuels) | 53 | ||||||
283 | OGE Energy Corp. (Electric Utilities) | 13 | ||||||
154 | Okta, Inc. (IT Services) (b) | 18 | ||||||
92 | Old Dominion Freight Line, Inc. (Road & Rail) | 17 | ||||||
282 | OMEGA Healthcare Investors, Inc. (Equity Real Estate Investment Trusts) | 12 | ||||||
316 | Omnicom Group, Inc. (Media) | 26 | ||||||
581 | ON Semiconductor Corp. (Semiconductors & Semiconductor Equipment) (b) | 14 | ||||||
603 | ONEOK, Inc. (Oil, Gas & Consumable Fuels) | 46 | ||||||
3,349 | Oracle Corp. (Software) | 176 | ||||||
110 | O’Reilly Automotive, Inc. (Specialty Retail) (b) | 48 | ||||||
156 | Owens Corning, Inc. (Building Products) | 10 | ||||||
507 | PACCAR, Inc. (Machinery) | 40 | ||||||
134 | Packaging Corporation of America (Containers & Packaging) | 15 | ||||||
139 | Palo Alto Networks, Inc. (Communications Equipment) (b) | 32 | ||||||
188 | Parker Hannifin Corp. (Machinery) | 39 | ||||||
473 | Paychex, Inc. (IT Services) | 40 | ||||||
71 | PAYCOM Software, Inc. (Software) (b) | 19 | ||||||
1,600 | PayPal Holdings, Inc. (IT Services) (b) | 173 | ||||||
665 | People’s United Financial, Inc. (Banks) | 11 | ||||||
2,003 | PepsiCo, Inc. (Beverages) | 274 | ||||||
643 | Phillips 66 (Oil, Gas & Consumable Fuels) | 72 | ||||||
158 | Pinnacle West Capital Corp. (Electric Utilities) | 14 | ||||||
200 | Pinterest, Inc. (Interactive Media & Services) (b) | 4 | ||||||
247 | Pioneer Natural Resources Co. (Oil, Gas & Consumable Fuels) | 37 | ||||||
638 | PNC Financial Services Group, Inc. (Banks) | 102 |
Shares | Security Description | Value (000) | ||||||
United States (continued) |
| |||||||
85 | Polaris Inc. (Leisure Products) | $ | 9 | |||||
345 | PPG Industries, Inc. (Chemicals) | 46 | ||||||
1,057 | PPL Corp. (Electric Utilities) | 38 | ||||||
392 | Principal Financial Group, Inc. (Insurance) | 22 | ||||||
908 | Prologis, Inc. (Equity Real Estate Investment Trusts) | 81 | ||||||
587 | Prudential Financial, Inc. (Insurance) | 55 | ||||||
159 | PTC, Inc. (Software) (b) | 12 | ||||||
739 | Public Service Enterprise Group, Inc. (Multi-Utilities) | 44 | ||||||
227 | Public Storage (Equity Real Estate Investment Trusts) | 48 | ||||||
373 | PulteGroup, Inc. (Household Durables) | 14 | ||||||
107 | PVH Corp. (Textiles, Apparel & Luxury Goods) | 11 | ||||||
174 | Qorvo, Inc. (Semiconductors & Semiconductor Equipment) (b) | 20 | ||||||
1,742 | Qualcomm, Inc. (Semiconductors & Semiconductor Equipment) | 154 | ||||||
189 | Quest Diagnostics, Inc. (Health Care Providers & Services) | 20 | ||||||
77 | Ralph Lauren Corp. (Textiles, Apparel & Luxury Goods) | 9 | ||||||
180 | Raymond James Financial, Inc. (Capital Markets) | 16 | ||||||
464 | Realty Income Corp. (Equity Real Estate Investment Trusts) | 34 | ||||||
237 | Regency Centers Corp. (Equity Real Estate Investment Trusts) | 15 | ||||||
1,436 | Regions Financial Corp. (Banks) | 25 | ||||||
89 | Reinsurance Group of America (Insurance) | 15 | ||||||
330 | Republic Services, Inc., Class – A (Commercial Services & Supplies) | 30 | ||||||
211 | ResMed, Inc. (Health Care Equipment & Supplies) | 33 | ||||||
93 | RingCentral, Inc., Class – A (Software) (b) | 16 | ||||||
174 | Robert Half International, Inc. (Professional Services) | 11 | ||||||
169 | Rockwell Automation, Inc. (Electrical Equipment) | 34 | ||||||
119 | Roku, Inc. (Household Durables) (b) | 16 | ||||||
217 | Rollins, Inc. (Commercial Services & Supplies) | 7 | ||||||
147 | Roper Industries, Inc. (Industrial Conglomerates) | 52 | ||||||
531 | Ross Stores, Inc. (Specialty Retail) | 62 | ||||||
167 | RPM International, Inc. (Chemicals) | 13 | ||||||
354 | S&P Global, Inc. (Capital Markets) | 97 | ||||||
403 | Sabre Corp. (IT Services) | 9 | ||||||
1,193 | Salesforce.com, Inc. (Software) (b) | 193 | ||||||
112 | Sarepta Therapeutics, Inc. (Biotechnology) (b) | 14 | ||||||
166 | SBA Communications Corp. (Equity Real Estate Investment Trusts) | 40 | ||||||
1,965 | Schlumberger Ltd. (Energy Equipment & Services) | 80 | ||||||
363 | Seagate Technology Holdings, Inc. (Technology Hardware, Storage & Peripherals) | 22 | ||||||
221 | Sealed Air Corp. (Containers & Packaging) | 9 | ||||||
160 | Seattle Genetics, Inc. (Biotechnology) (b) | 18 | ||||||
185 | SEI Investments Co. (Capital Markets) | 12 | ||||||
388 | Sempra Energy (Multi-Utilities) | 59 | ||||||
266 | ServiceNow, Inc. (Software) (b) | 75 | ||||||
80 | Signature Bank (Banks) | 11 | ||||||
445 | Simon Property Group, Inc. (Equity Real Estate Investment Trusts) | 66 |
See accompanying notes to financial statements.
122
HC CAPITAL TRUST
The Catholic SRI Growth Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
United States (continued) |
| |||||||
2,349 | Sirius XM Holdings, Inc. (Media) | $ | 17 | |||||
246 | Skyworks Solutions, Inc. (Semiconductors & Semiconductor Equipment) | 30 | ||||||
119 | SL Green Realty Corp. (Equity Real Estate Investment Trusts) | 11 | ||||||
962 | Snap, Inc., Class – A (Interactive Media & Services) (b) | 16 | ||||||
79 | Snap-on, Inc. (Machinery) | 13 | ||||||
204 | Southwest Airlines Co. (Airlines) | 11 | ||||||
150 | Spirit Aerosystems Holdings, Inc., Class – A (Aerospace & Defense) | 11 | ||||||
220 | Splunk, Inc. (Software) (b) | 33 | ||||||
1,198 | Sprint Nextel Corp. (Wireless Telecommunication Services) (b) | 6 | ||||||
490 | Square, Inc., Class – A (IT Services) (b) | 31 | ||||||
319 | SS&C Technologies Holdings, Inc. (Software) | 20 | ||||||
222 | Stanley Black & Decker, Inc. (Machinery) | 37 | ||||||
1,716 | Starbucks Corp. (Hotels, Restaurants & Leisure) | 151 | ||||||
542 | State Street Corp. (Capital Markets) | 43 | ||||||
318 | Steel Dynamics, Inc. (Metals & Mining) | 11 | ||||||
482 | Stryker Corp. (Health Care Equipment & Supplies) | 101 | ||||||
133 | Sun Communities, Inc. (Equity Real Estate Investment Trusts) | 20 | ||||||
75 | SVB Financial Group (Banks) (b) | 19 | ||||||
857 | Synchrony Financial (Consumer Finance) | 31 | ||||||
220 | Synopsys, Inc. (Software) (b) | 31 | ||||||
705 | Sysco Corp. (Food & Staples Retailing) | 60 | ||||||
338 | T. Rowe Price Group, Inc. (Capital Markets) | 41 | ||||||
160 | Take-Two Interactive Software, Inc. (Entertainment) (b) | 20 | ||||||
411 | Tapestry, Inc. (Textiles, Apparel & Luxury Goods) | 11 | ||||||
325 | Targa Resources Corp. (Oil, Gas & Consumable Fuels) | 13 | ||||||
738 | Target Corp. (Multiline Retail) | 95 | ||||||
397 | TD Ameritrade Holding Corp. (Capital Markets) | 20 | ||||||
54 | Teledyne Technologies, Inc. (Aerospace & Defense) (b) | 19 | ||||||
65 | Teleflex, Inc. (Health Care Equipment & Supplies) | 24 | ||||||
220 | Teradyne, Inc. (Semiconductors & Semiconductor Equipment) | 15 | ||||||
193 | Tesla, Inc. (Automobiles) (b) | 81 | ||||||
1,345 | Texas Instruments, Inc. (Semiconductors & Semiconductor Equipment) | 173 | ||||||
985 | The AES Corp. (Independent Power and Renewable Electricity Producers) | 20 | ||||||
959 | The Blackstone Group, Inc. (Capital Markets) | 54 | ||||||
1,706 | The Charles Schwab Corp. (Capital Markets) | 81 | ||||||
181 | The Clorox Co. (Household Products) | 28 | ||||||
5,820 | The Coca-Cola Co. (Beverages) | 322 | ||||||
1,569 | The Home Depot, Inc. (Specialty Retail) | 343 | ||||||
546 | The Interpublic Group of Cos., Inc. (Media) | 13 | ||||||
161 | The J.M. Smucker Co. (Food Products) | 17 | ||||||
985 | The Kraft Heinz Co. (Food Products) | 32 | ||||||
1,147 | The Kroger Co. (Food & Staples Retailing) | 33 | ||||||
79 | The Middleby Corp. (Machinery) (b) | 9 | ||||||
519 | The Mosaic Co. (Chemicals) | 11 | ||||||
827 | The Progressive Corp. (Insurance) | 60 |
Shares | Security Description | Value (000) | ||||||
United States (continued) |
| |||||||
120 | The Sherwin-Williams Co. (Chemicals) | $ | 70 | |||||
1,488 | The Southern Co. (Electric Utilities) | 95 | ||||||
1,736 | The TJX Cos., Inc. (Specialty Retail) | 106 | ||||||
379 | The Travelers Cos., Inc. (Insurance) | 52 | ||||||
2,584 | The Walt Disney Co. (Entertainment) | 373 | ||||||
1,773 | The Williams Cos., Inc. (Oil, Gas & Consumable Fuels) | 42 | ||||||
155 | Tiffany & Co. (Specialty Retail) | 21 | ||||||
500 | T-Mobile USA, Inc. (Wireless Telecommunication Services) (b) | 39 | ||||||
171 | Tractor Supply Co. (Specialty Retail) | 16 | ||||||
70 | TransDigm Group, Inc. (Aerospace & Defense) | 39 | ||||||
263 | TransUnion (Professional Services) | 23 | ||||||
356 | Trimble, Inc. (Electronic Equipment, Instruments & Components) (b) | 15 | ||||||
158 | TripAdvisor, Inc. (Interactive Media & Services) | 5 | ||||||
1,944 | Truist Financial Corp. (Banks) | 109 | ||||||
157 | Twilio, Inc., Class – A (IT Services) (b) | 15 | ||||||
1,071 | Twitter, Inc. (Interactive Media & Services) (b) | 34 | ||||||
50 | Tyler Technologies, Inc. (Software) (b) | 15 | ||||||
432 | Tyson Foods, Inc., Class – A (Food Products) | 39 | ||||||
2,146 | U.S. Bancorp (Banks) | 127 | ||||||
262 | Uber Technologies, Inc. (Road & Rail) (b) | 8 | ||||||
416 | UDR, Inc. (Equity Real Estate Investment Trusts) | 19 | ||||||
290 | UGI Corp. (Gas Utilities) | 13 | ||||||
79 | Ulta Beauty, Inc. (Specialty Retail) (b) | 20 | ||||||
277 | Under Armour, Inc., Class – A (Textiles, Apparel & Luxury Goods) (b) | 6 | ||||||
285 | Under Armour, Inc., Class – C (Textiles, Apparel & Luxury Goods) (b) | 5 | ||||||
1,015 | Union Pacific Corp. (Road & Rail) | 184 | ||||||
98 | United Airlines Holdings, Inc. (Airlines) (b) | 9 | ||||||
999 | United Parcel Service, Inc., Class – B (Air Freight & Logistics) | 117 | ||||||
113 | United Rentals, Inc. (Trading Companies & Distributors) (b) | 19 | ||||||
1,358 | UnitedHealth Group, Inc. (Health Care Providers & Services) | 400 | ||||||
118 | Universal Health Services, Inc., Class – B (Health Care Providers & Services) | 17 | ||||||
305 | Unum Group (Insurance) | 9 | ||||||
489 | V.F. Corp. (Textiles, Apparel & Luxury Goods) | 49 | ||||||
58 | Vail Resorts, Inc. (Hotels, Restaurants & Leisure) | 14 | ||||||
603 | Valero Energy Corp. (Oil, Gas & Consumable Fuels) | 56 | ||||||
128 | Varian Medical Systems, Inc. (Health Care Equipment & Supplies) (b) | 18 | ||||||
187 | Veeva Systems, Inc. (Health Care Technology) (b) | 26 | ||||||
525 | Ventas, Inc. (Equity Real Estate Investment Trusts) | 30 | ||||||
1,563 | VEREIT, Inc. (Equity Real Estate Investment Trusts) | 14 | ||||||
152 | VeriSign, Inc. (IT Services) (b) | 29 | ||||||
5,940 | Verizon Communications, Inc. (Diversified Telecommunication Services) | 365 | ||||||
228 | Versik Analytics, Inc., Class – A (Professional Services) | 33 | ||||||
364 | Vertex Pharmaceuticals, Inc. (Biotechnology) (b) | 81 | ||||||
764 | ViacomCBS, Inc., Class – B (Media) | 31 |
See accompanying notes to financial statements.
123
HC CAPITAL TRUST
The Catholic SRI Growth Portfolio
Portfolio of Investments (concluded) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
United States (continued) |
| |||||||
595 | VICI Properties, Inc. (Equity Real Estate Investment Trusts) | $ | 15 | |||||
2,476 | Visa, Inc., Class – A (IT Services) | 465 | ||||||
517 | Vistra Energy Corp. (Independent Power and Renewable Electricity Producers) | 12 | ||||||
117 | VMware, Inc., Class – A (Software) (b) | 18 | ||||||
243 | Vornado Realty Trust (Equity Real Estate Investment Trusts) | 16 | ||||||
207 | Voya Financial, Inc. (Diversified Financial Services) | 13 | ||||||
194 | Vulcan Materials Co. (Construction Materials) | 28 | ||||||
207 | W.R. Berkley Corp. (Insurance) | 14 | ||||||
69 | W.W. Grainger, Inc. (Trading Companies & Distributors) | 23 | ||||||
73 | WABCO Holdings, Inc. (Machinery) (b) | 10 | ||||||
267 | Wabtec Corp. (Machinery) | 21 | ||||||
1,101 | Walgreens Boots Alliance, Inc. (Food & Staples Retailing) | 65 | ||||||
2,045 | Wal-Mart Stores, Inc. (Food & Staples Retailing) | 244 | ||||||
602 | Waste Management, Inc. (Commercial Services & Supplies) | 68 | ||||||
96 | Waters Corp. (Life Sciences Tools & Services) (b) | 22 | ||||||
85 | Wayfair, Inc., Class – A (Internet & Direct Marketing Retail) (b) | 8 | ||||||
461 | WEC Energy Group, Inc. (Multi-Utilities) | 43 | ||||||
74 | WellCare Health Plans, Inc. (Health Care Providers & Services) (b) | 24 | ||||||
6,002 | Wells Fargo & Co. (Banks) | 323 | ||||||
585 | Welltower, Inc. (Equity Real Estate Investment Trusts) | 48 | ||||||
95 | West Pharmaceutical Services, Inc. (Health Care Equipment & Supplies) | 14 | ||||||
431 | Western Digital Corp. (Technology Hardware, Storage & Peripherals) | 27 | ||||||
617 | Western Union Co. (IT Services) | 17 | ||||||
48 | Westlake Chemical Corp. (Chemicals) | 3 | ||||||
362 | WestRock Co. (Containers & Packaging) | 16 | ||||||
1,093 | Weyerhaeuser Co. (Equity Real Estate Investment Trusts) | 33 | ||||||
90 | Whirlpool Corp. (Household Durables) | 13 | ||||||
237 | Workday, Inc., Class – A (Software) (b) | 39 | ||||||
250 | WP Carey, Inc. (Equity Real Estate Investment Trusts) | 20 | ||||||
137 | Wynn Resorts Ltd. (Hotels, Restaurants & Leisure) | 19 | ||||||
744 | Xcel Energy, Inc. (Electric Utilities) | 47 | ||||||
306 | Xerox Holdings Corp. (Technology Hardware, Storage & Peripherals) | 11 | ||||||
372 | Xilinx, Inc. (Semiconductors & Semiconductor Equipment) | 36 | ||||||
138 | XPO Logistics, Inc. (Air Freight & Logistics) (b) | 11 | ||||||
254 | Xylem, Inc. (Machinery) | 20 | ||||||
447 | YUM! Brands, Inc. (Hotels, Restaurants & Leisure) | 45 | ||||||
333 | Zayo Group Holdings, Inc. (Diversified Telecommunication Services) (b) | 12 | ||||||
77 | Zebra Technologies Corp., Class – A (Electronic Equipment, Instruments & Components) (b) | 20 |
Shares | Security Description | Value (000) | ||||||
United States (continued) |
| |||||||
185 | Zillow Group, Inc., Class – C (Interactive Media & Services) (b) | $ | 8 | |||||
300 | Zimmer Biomet Holdings, Inc. (Health Care Equipment & Supplies) | 45 | ||||||
264 | Zions Bancorp (Banks) | 14 | ||||||
689 | Zoetis, Inc. (Pharmaceuticals) | 91 | ||||||
|
| |||||||
34,508 | ||||||||
|
| |||||||
Total Common Stocks | 56,392 | |||||||
|
| |||||||
Preferred Stocks — 0.19% | ||||||||
Germany — 0.19% |
| |||||||
70 | Bayerische Motoren Werke Aktiengesellschaft – Preferred (Automobiles) | 4 | ||||||
87 | Fuchs Petrolub AG – Preferred (Chemicals) | 4 | ||||||
262 | Henkel AG & Co. KGAA – Preferred (Household Products) | 27 | ||||||
217 | Porsche Automobil Holding SE – Preferred (Automobiles) | 16 | ||||||
268 | Volkswagen AG – Preferred (Automobiles) | 54 | ||||||
|
| |||||||
Total Preferred Stocks | 105 | |||||||
|
| |||||||
Right — 0.00% | ||||||||
Spain — 0.00% |
| |||||||
1,970 | Repsol SA (Oil, Gas & Consumable Fuels) (b) | 1 | ||||||
|
| |||||||
Total Right | 1 | |||||||
|
| |||||||
Investment Companies —0.17% | ||||||||
48,991 | Federated Treasury Obligations Fund, Institutional Shares, 2.29%^^ (c) | 49 | ||||||
50,064 | State Street Institutional Treasury Plus Money Market Fund, Trust Class, 1.49% (c) | 50 | ||||||
|
| |||||||
Total Investment Companies | 99 | |||||||
|
| |||||||
Total Investments (cost $50,361) — 99.73% | 56,597 | |||||||
Other assets in excess of liabilities — 0.27% | 154 | |||||||
|
| |||||||
Net Assets — 100.00% | $ | 56,751 | ||||||
|
|
Amounts designated as “—” are $0 or have been rounded to $0.
^ | All or part of this security was on loan as of December 31, 2019. The total value of securities on loan as of December 31, 2019, was $48 (amount in thousands). |
^^ | 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 December 31, 2019. |
(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) | Representsnon-income producing security. |
(c) | The rate disclosed is the rate in effect on December 31, 2019. |
ADR — American Depositary Receipt
FDR — Fiduciary Depositary Receipt
REIT — Real Estate Investment Trust
As of December 31, 2019, 100% of the Portfolio’s net assets were managed by Mellon Investments Corporation.
See accompanying notes to financial statements.
124
HC CAPITAL TRUST
The International Equity Portfolio
Portfolio of Investments — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks — 96.86% | ||||||||
Australia — 4.43% |
| |||||||
133,508 | APA Group (Gas Utilities) | $ | 1,040 | |||||
23,603 | Aristocrat Leisure Ltd. (Hotels, Restaurants & Leisure) | 558 | ||||||
37,838 | ASX Ltd. (Capital Markets) | 2,082 | ||||||
128,105 | Aurizon Holdings Ltd. (Road & Rail) | 470 | ||||||
78,246 | AusNet Services (Electric Utilities) | 93 | ||||||
175,526 | BHP Billiton Ltd. (Metals & Mining) | 4,794 | ||||||
136,113 | BHP Group PLC (Metals & Mining) | 3,203 | ||||||
12,896 | BlueScope Steel Ltd. (Metals & Mining) | 136 | ||||||
64,986 | Brambles Ltd. (Commercial Services & Supplies) | 534 | ||||||
15,521 | Caltex Australia Ltd. (Oil, Gas & Consumable Fuels) | 370 | ||||||
23,611 | Challenger Ltd. (Diversified Financial Services) | 134 | ||||||
6,588 | CIMIC Group Ltd. (Construction & Engineering) | 153 | ||||||
41,490 | Coca-Cola Amatil Ltd. (Beverages) | 322 | ||||||
2,374 | Cochlear Ltd. (Health Care Equipment & Supplies) | 374 | ||||||
46,566 | Coles Group Ltd. (Food & Staples Retailing) | 485 | ||||||
86,317 | Commonwealth Bank of Australia (Banks) | 4,839 | ||||||
20,070 | Computershare Ltd. (IT Services) | 236 | ||||||
18,616 | CSL Ltd. (Biotechnology) | 3,602 | ||||||
54,895 | Dexus (Equity Real Estate Investment Trusts) | 451 | ||||||
4,415 | Flight Centre Travel Group Ltd. (Hotels, Restaurants & Leisure) | 136 | ||||||
18,425 | Fortescue Metals Group Ltd. (Metals & Mining) | 138 | ||||||
67,583 | Goodman Group (Equity Real Estate Investment Trusts) | 634 | ||||||
175,876 | GPT Group (Equity Real Estate Investment Trusts) | 691 | ||||||
65,950 | Incitec Pivot Ltd. (Chemicals) | 147 | ||||||
94,916 | Insurance Australia Group Ltd. (Insurance) | 510 | ||||||
23,169 | LendLease Group (Real Estate Management & Development) | 286 | ||||||
13,280 | Macquarie Group Ltd. (Capital Markets) | 1,284 | ||||||
5,236 | Magellan Financial Group Ltd. (Capital Markets) | 209 | ||||||
113,107 | Medibank Private Ltd. (Insurance) | 251 | ||||||
161,568 | Mirvac Group (Equity Real Estate Investment Trusts) | 360 | ||||||
31,561 | Newcrest Mining Ltd. (Metals & Mining) | 670 | ||||||
15,631 | Orica Ltd. (Chemicals) | 241 | ||||||
72,333 | Origin Energy Ltd. (Oil, Gas & Consumable Fuels) | 429 | ||||||
53,993 | QBE Insurance Group Ltd. (Insurance) | 488 | ||||||
6,640 | Ramsay Health Care Ltd. (Health Care Providers & Services) | 338 | ||||||
1,845 | REA Group Ltd. (Interactive Media & Services) | 134 | ||||||
21,957 | Rio Tinto Ltd. (Metals & Mining) | 1,547 | ||||||
80,981 | Santos Ltd. (Oil, Gas & Consumable Fuels) | 464 | ||||||
13,734 | Seek Ltd. (Professional Services) | 217 | ||||||
18,497 | Sonic Healthcare Ltd. (Health Care Providers & Services) | 373 | ||||||
97,925 | Stockland (Equity Real Estate Investment Trusts) | 317 | ||||||
14,499 | Suncorp Group Ltd. (Insurance) | 132 | ||||||
45,452 | Sydney Airport (Transportation Infrastructure) | 276 | ||||||
200,983 | Tabcorp Holdings Ltd. (Hotels, Restaurants & Leisure) | 639 |
Shares | Security Description | Value (000) | ||||||
Australia (continued) |
| |||||||
111,354 | Transurban Group (Transportation Infrastructure) | $ | 1,165 | |||||
29,559 | Treasury Wine Estates Ltd. (Beverages) | 337 | ||||||
8,756 | Washington H Soul Pattinson & Co. Ltd. (Oil, Gas & Consumable Fuels) | 132 | ||||||
64,269 | Wesfarmers Ltd. (Food & Staples Retailing) | 1,867 | ||||||
7,668 | Wisetech Global Ltd. (Software) | 126 | ||||||
51,694 | Woolworths Group Ltd. (Food & Staples Retailing) | 1,311 | ||||||
13,855 | Worley Ltd. (Energy Equipment & Services) | 149 | ||||||
|
| |||||||
39,874 | ||||||||
|
| |||||||
Austria — 0.08% |
| |||||||
8,360 | OMV AG (Oil, Gas & Consumable Fuels) | 470 | ||||||
6,079 | Raiffeisen Bank International AG (Banks) | 153 | ||||||
2,797 | Verbund AG (Electric Utilities) | 140 | ||||||
|
| |||||||
763 | ||||||||
|
| |||||||
Belgium — 0.70% |
| |||||||
7,276 | Ageas (Insurance) | 430 | ||||||
31,293 | Anheuser-Busch InBev N.V. (Beverages) | 2,551 | ||||||
2,763 | Colruyt SA (Food & Staples Retailing) | 144 | ||||||
1,781 | Galapagos N.V. (Biotechnology) (a) | 373 | ||||||
2,270 | Groupe Bruxelles Lambert SA (Diversified Financial Services) | 239 | ||||||
6,340 | KBC Groep N.V. (Banks) | 477 | ||||||
4,496 | Proximus SADP (Diversified Telecommunication Services) | 129 | ||||||
7,523 | Solvay SA (Chemicals) | 872 | ||||||
2,998 | Telenet Group Holding N.V. (Media) | 135 | ||||||
20,206 | Umicore SA (Chemicals) | 982 | ||||||
|
| |||||||
6,332 | ||||||||
|
| |||||||
Brazil — 0.46% |
| |||||||
261,812 | Petroleo Brasileiro SA, ADR (Oil, Gas & Consumable Fuels) | 4,173 | ||||||
|
| |||||||
Canada — 7.00% |
| |||||||
9,732 | Agnico-Eagle Mines Ltd. (Metals & Mining) | 599 | ||||||
21,339 | Algonquin Power & Utilities Corp. (Multi-Utilities) | 302 | ||||||
35,918 | Alimentation Couche-Tard, Inc., Class – B (Food & Staples Retailing) | 1,140 | ||||||
11,385 | AltaGas Ltd. (Gas Utilities) | 173 | ||||||
3,400 | Atco Ltd. (Multi-Utilities) | 130 | ||||||
26,237 | Bank of Montreal (Banks) | 2,034 | ||||||
72,975 | Barrick Gold Corp. (Metals & Mining) | 1,356 | ||||||
23,726 | Blackberry Ltd. (Software) (a) | 153 | ||||||
36,577 | Brookfield Asset Management, Inc. (Capital Markets) | 2,114 | ||||||
10,934 | CAE, Inc. (Aerospace & Defense) | 290 | ||||||
16,256 | Cameco Corp. (Oil, Gas & Consumable Fuels) | 144 | ||||||
3,400 | Canadian Apartment Properties REIT (Equity Real Estate Investment Trusts) | 139 | ||||||
20,970 | Canadian Imperial Bank of Commerce (Banks) | 1,745 | ||||||
5,384 | Canadian National Railway Co. (Road & Rail) | 487 | ||||||
48,716 | Canadian Natural Resources Ltd. (Oil, Gas & Consumable Fuels) | 1,576 | ||||||
588 | Canadian Pacific Railway Ltd. (Road & Rail) | 150 | ||||||
2,392 | Canadian Tire Corp. Ltd., Class – A (Multiline Retail) | 257 |
See accompanying notes to financial statements.
125
HC CAPITAL TRUST
The International Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Canada (continued) |
| |||||||
5,324 | Canadian Utilities Ltd., Class – A (Multi-Utilities) | $ | 161 | |||||
4,283 | CCL Industries, Inc., Class – B (Containers & Packaging) | 182 | ||||||
42,897 | Cenovus Energy, Inc. (Oil, Gas & Consumable Fuels) | 436 | ||||||
1,590 | CGI, Inc. (IT Services) (a) | 133 | ||||||
9,240 | CI Financial Corp. (Capital Markets) | 154 | ||||||
826 | Constellation Software, Inc. (Software) | 802 | ||||||
34,890 | Dollarama, Inc. (Multiline Retail) | 1,200 | ||||||
9,804 | Emera, Inc. (Electric Utilities) | 421 | ||||||
8,774 | Empire Co. Ltd. (Food & Staples Retailing) | 206 | ||||||
83,119 | Enbridge, Inc. (Oil, Gas & Consumable Fuels) | 3,306 | ||||||
1,105 | Fairfax Financial Holdings Ltd. (Insurance) | 519 | ||||||
12,736 | First Quantum Minerals Ltd. (Metals & Mining) | 129 | ||||||
17,932 | Fortis, Inc. (Electric Utilities) | 745 | ||||||
7,696 | Franco-Nevada Corp. (Metals & Mining) | 795 | ||||||
78,714 | Gildan Activewear, Inc. (Textiles, Apparel & Luxury Goods) | 2,327 | ||||||
5,246 | Great-West Lifeco, Inc. (Insurance) | 134 | ||||||
8,143 | H&R Real Estate Investment Trust (Equity Real Estate Investment Trusts) | 132 | ||||||
18,174 | Husky Energy, Inc. (Oil, Gas & Consumable Fuels) | 146 | ||||||
13,476 | Hydro One Ltd. (Electric Utilities) | 260 | ||||||
4,366 | iA Financial Corp., Inc. (Insurance) | 240 | ||||||
34,921 | IGM Financial, Inc. (Capital Markets) | 1,003 | ||||||
5,218 | Imperial Oil Ltd. (Oil, Gas & Consumable Fuels) | 138 | ||||||
5,716 | Intact Financial Corp. (Insurance) | 618 | ||||||
16,999 | Inter Pipeline Ltd. (Oil, Gas & Consumable Fuels) | 295 | ||||||
5,264 | Keyera Corp. (Oil, Gas & Consumable Fuels) | 138 | ||||||
8,200 | Kirkland Lake Gold Ltd. (Metals & Mining) | 361 | ||||||
7,519 | Loblaw Companies Ltd. (Food & Staples Retailing) | 388 | ||||||
2,414 | Magna International, Inc. (Auto Components) | 132 | ||||||
173,117 | Manulife Financial Corp. (Insurance) | 3,514 | ||||||
3,578 | Methanex Corp. (Chemicals) | 138 | ||||||
24,108 | Metro, Inc. (Food & Staples Retailing) | 995 | ||||||
13,783 | National Bank of Canada (Banks) | 765 | ||||||
23,527 | Nutrien Ltd. (Chemicals) | 1,127 | ||||||
24,604 | Onex Corp. (Diversified Financial Services) | 1,557 | ||||||
3,067 | Open Text Corp. (Software) | 135 | ||||||
6,048 | Parkland Fuel Corp. (Oil, Gas & Consumable Fuels) | 222 | ||||||
3,677 | Pembina Pipelines Corp. (Oil, Gas & Consumable Fuels) | 136 | ||||||
12,375 | Power Corp. of Canada (Insurance) | 319 | ||||||
5,270 | Power Financial Corp. (Insurance) | 142 | ||||||
17,642 | PrairieSky Royalty Ltd. (Oil, Gas & Consumable Fuels) | 207 | ||||||
7,339 | Quebecor, Inc. (Media) | 187 | ||||||
12,264 | Restaurant Brands International, Inc. (Hotels, Restaurants & Leisure) | 782 | ||||||
6,387 | RioCan Real Estate Investment Trust (Equity Real Estate Investment Trusts) | 132 | ||||||
58,893 | Royal Bank of Canada (Banks) | 4,661 |
Shares | Security Description | Value (000) | ||||||
Canada (continued) |
| |||||||
9,636 | Saputo, Inc. (Food Products) | $ | 298 | |||||
6,456 | Shaw Communications, Inc., Class – B (Media) | 131 | ||||||
4,120 | Shopify, Inc. (IT Services) (a) | 1,638 | ||||||
72,043 | SmartCentres Real Estate Investment Trust (Equity Real Estate Investment Trusts) | 1,731 | ||||||
2,936 | Sun Life Financial, Inc. (Insurance) | 134 | ||||||
63,971 | Suncor Energy, Inc. (Oil, Gas & Consumable Fuels) | 2,098 | ||||||
17,073 | TC Energy Corp. (Oil, Gas & Consumable Fuels) | 909 | ||||||
50,124 | The Bank of Nova Scotia (Banks) | 2,832 | ||||||
9,453 | The Stars Group, Inc. (Hotels, Restaurants & Leisure) (a) | 247 | ||||||
74,715 | The Toronto-Dominion Bank (Banks) | 4,191 | ||||||
8,233 | Thomson Reuters Corp. (Professional Services) | 589 | ||||||
24,500 | TMX Group Ltd. (Capital Markets) | 2,122 | ||||||
3,179 | West Fraser Timber Co. Ltd. (Paper & Forest Products) | 140 | ||||||
23,149 | Weston (George) Ltd. (Food & Staples Retailing) | 1,837 | ||||||
19,012 | Wheaton Precious Metals Corp. (Metals & Mining) | 566 | ||||||
3,556 | WSP Global, Inc. (Construction & Engineering) | 243 | ||||||
|
| |||||||
63,015 | ||||||||
|
| |||||||
China — 0.73% |
| |||||||
11,418 | Alibaba Group Holding Ltd., ADR (Internet & Direct Marketing Retail) (a) | 2,422 | ||||||
22,524 | Baidu, Inc., ADR (Interactive Media & Services) (a) | 2,848 | ||||||
1,481 | Beigene Ltd., ADR (Biotechnology) (a) | 245 | ||||||
9,100 | Jardine Matheson Holdings Ltd. (Industrial Conglomerates) | 506 | ||||||
157,018 | Sinopharm Group Co. (Health Care Providers & Services) | 573 | ||||||
|
| |||||||
6,594 | ||||||||
|
| |||||||
Denmark — 1.93% |
| |||||||
126 | A.P. Moller – Maersk A/S, Class – A (Marine) | 171 | ||||||
316 | A.P. Moller – Maersk A/S, Class – B (Marine) | 456 | ||||||
4,877 | Carlsberg A/S, Class – B (Beverages) | 728 | ||||||
4,879 | Coloplast A/S, Class – B (Health Care Equipment & Supplies) | 605 | ||||||
4,533 | Demant A/S (Health Care Equipment & Supplies) (a) | 143 | ||||||
10,981 | DSV Panalpina A/S (Road & Rail) | 1,266 | ||||||
23,932 | Genmab A/S (Biotechnology) (a) | 5,323 | ||||||
105,395 | Novo Nordisk A/S, Class – B (Pharmaceuticals) | 6,117 | ||||||
8,769 | Novozymes A/S, B Shares (Chemicals) | 429 | ||||||
7,769 | Orsted A/S (Electric Utilities) | 804 | ||||||
17,919 | Tryg A/S (Insurance) | 531 | ||||||
7,761 | Vestas Wind Systems A/S (Electrical Equipment) | 784 | ||||||
|
| |||||||
17,357 | ||||||||
|
| |||||||
Finland — 0.38% |
| |||||||
17,096 | Fortum Oyj (Electric Utilities) | 422 | ||||||
231,473 | Nokia Oyj (Communications Equipment) | 856 | ||||||
1,622 | Nordea Bank Abp (Banks) | 13 | ||||||
3,552 | Sampo Oyj, Class – A (Insurance) | 155 |
See accompanying notes to financial statements.
126
HC CAPITAL TRUST
The International Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Finland (continued) |
| |||||||
44,232 | Stora Enso Oyj, R Shares (Paper & Forest Products) | $ | 643 | |||||
38,915 | UPM-Kymmene Oyj (Paper & Forest Products) | 1,349 | ||||||
|
| |||||||
3,438 | ||||||||
|
| |||||||
France — 9.75% |
| |||||||
7,210 | Accor SA (Hotels, Restaurants & Leisure) | 338 | ||||||
1,219 | Aeroports de Paris (Transportation Infrastructure) | 241 | ||||||
101,507 | Air France-KLM (Airlines) (a) | 1,130 | ||||||
67,122 | Air Liquide SA (Chemicals) | 9,501 | ||||||
7,830 | Alstom SA (Machinery) | 371 | ||||||
22,349 | Amundi SA (Capital Markets) | 1,752 | ||||||
4,587 | Arkema SA (Chemicals) | 487 | ||||||
5,515 | Atos SE (IT Services) | 460 | ||||||
49,856 | AXA SA (Insurance) | 1,405 | ||||||
1,701 | BioMerieux (Health Care Equipment & Supplies) | 151 | ||||||
164,743 | BNP Paribas (Banks) | 9,761 | ||||||
36,195 | Bollore SA (Air Freight & Logistics) | 158 | ||||||
14,336 | Bouygues SA (Construction & Engineering) | 609 | ||||||
12,064 | Bureau Veritas SA (Professional Services) | 315 | ||||||
6,528 | Capgemini SE (IT Services) | 797 | ||||||
7,903 | Carrefour SA (Food & Staples Retailing) | 133 | ||||||
3,990 | Casino Guichard-Perrachon SA (Food & Staples Retailing) | 186 | ||||||
7,050 | CNP Assurances (Insurance) | 140 | ||||||
7,012 | Compagnie de Saint-Gobain (Building Products) | 287 | ||||||
2,286 | Compagnie Generale des Etablissements Michelin, Class – B (Auto Components) | 280 | ||||||
3,346 | Covivio (Equity Real Estate Investment Trusts) | 380 | ||||||
47,389 | Credit Agricole SA (Banks) | 687 | ||||||
25,360 | Danone SA (Food Products) | 2,102 | ||||||
105 | Dassault Aviation SA (Aerospace & Defense) | 138 | ||||||
5,400 | Dassault Systemes SE (Software) | 888 | ||||||
9,988 | Edenred (Commercial Services & Supplies) | 516 | ||||||
26,701 | Eiffage SA (Construction & Engineering) (b) | 3,054 | ||||||
46,565 | ENGIE (Multi-Utilities) | 753 | ||||||
11,641 | EssilorLuxottica SA (Health Care Equipment & Supplies) | 1,773 | ||||||
1,914 | Eurazeo SE (Diversified Financial Services) | 131 | ||||||
1,879 | Gecina SA (Equity Real Estate Investment Trusts) | 336 | ||||||
18,070 | Getlink SE (Transportation Infrastructure) | 314 | ||||||
664 | Hermes International (Textiles, Apparel & Luxury Goods) | 496 | ||||||
1,401 | Icade (Equity Real Estate Investment Trusts) | 153 | ||||||
12,868 | Ingenico Group SA (Electronic Equipment, Instruments & Components) | 1,397 | ||||||
4,495 | JCDecaux SA (Media) | 139 | ||||||
3,112 | Kering SA (Textiles, Apparel & Luxury Goods) | 2,043 | ||||||
6,074 | Klepierre (Equity Real Estate Investment Trusts) | 231 | ||||||
1,625 | Legrand SA (Electrical Equipment) | 132 | ||||||
10,379 | L’Oreal SA (Personal Products) | 3,073 | ||||||
11,417 | LVMH Moet Hennessy Louis Vuitton SE (Textiles, Apparel & Luxury Goods) | 5,304 |
Shares | Security Description | Value (000) | ||||||
France (continued) |
| |||||||
66,204 | Orange SA (Diversified Telecommunication Services) | $ | 974 | |||||
8,721 | Pernod Ricard SA (Beverages) | 1,560 | ||||||
39,049 | Peugeot SA (Automobiles) | 933 | ||||||
1,021 | Remy Cointreau SA (Beverages) | 125 | ||||||
25,312 | Safran SA (Aerospace & Defense) | 3,908 | ||||||
59,432 | Sanofi-Aventis (Pharmaceuticals) | 5,974 | ||||||
49,603 | Schneider Electric SA (Electrical Equipment) | 5,091 | ||||||
6,512 | SCOR SE (Insurance) | 273 | ||||||
930 | SEB SA (Household Durables) | 138 | ||||||
30,754 | Societe Generale (Banks) | 1,070 | ||||||
3,633 | Sodexo SA (Hotels, Restaurants & Leisure) | 430 | ||||||
12,000 | Suez Environnement Co. (Multi-Utilities) | 181 | ||||||
2,405 | Teleperformance (Professional Services) | 586 | ||||||
4,377 | Thales SA (Aerospace & Defense) | 454 | ||||||
95,004 | Total SA (Oil, Gas & Consumable Fuels) | 5,243 | ||||||
3,472 | UbiSoft Entertainment SA (Entertainment) (a) | 240 | ||||||
4,707 | Unibail-Rodamco-Westfield (Equity Real Estate Investment Trusts) | 742 | ||||||
16,828 | Valeo SA (Auto Components) | 593 | ||||||
22,077 | Veolia Environnement (Multi-Utilities) | 587 | ||||||
32,106 | Vinci SA (Construction & Engineering) | 3,566 | ||||||
13,846 | Vivendi SA (Entertainment) | 401 | ||||||
13,215 | Wendel SA (Diversified Financial Services) | 1,756 | ||||||
4,125 | Worldline SA (IT Services) (a) | 292 | ||||||
|
| |||||||
87,659 | ||||||||
|
| |||||||
Germany — 9.32% |
| |||||||
7,408 | Adidas AG (Textiles, Apparel & Luxury Goods) | 2,408 | ||||||
31,113 | Allianz SE (Insurance) | 7,622 | ||||||
37,689 | Aroundtown SA (Real Estate Management & Development) | 338 | ||||||
42,381 | BASF SE (Chemicals) | 3,202 | ||||||
51,143 | Bayer AG (Pharmaceuticals) | 4,177 | ||||||
14,736 | Bayerische Motoren Werke AG (Automobiles) | 1,209 | ||||||
4,140 | Beiersdorf AG (Personal Products) | 495 | ||||||
1,653 | Carl Zeiss Meditec AG (Health Care Equipment & Supplies) | 211 | ||||||
41,148 | Commerzbank AG (Banks) | 255 | ||||||
8,042 | Covestro AG (Chemicals) | 374 | ||||||
40,476 | Daimler AG, Registered Shares (Automobiles) | 2,241 | ||||||
4,651 | Delivery Hero SE (Internet & Direct Marketing Retail) (a) | 368 | ||||||
80,638 | Deutsche Bank AG (Capital Markets) | 626 | ||||||
92,949 | Deutsche Boerse AG (Capital Markets) | 14,610 | ||||||
274,638 | Deutsche Post AG (Air Freight & Logistics) | 10,476 | ||||||
72,810 | Deutsche Telekom AG (Diversified Telecommunication Services) | 1,190 | ||||||
17,334 | Deutsche Wohnen AG (Real Estate Management & Development) | 708 | ||||||
1,816 | Fresenius Medical Care AG & Co. KGAA (Health Care Providers & Services) | 134 | ||||||
17,161 | Fresenius SE & Co. KGAA (Health Care Providers & Services) | 966 | ||||||
6,983 | GEA Group AG (Machinery) | 231 | ||||||
1,115 | Hannover Rueckversicherung AG (Insurance) | 215 | ||||||
6,546 | HeidelbergCement AG (Construction Materials) | 477 |
See accompanying notes to financial statements.
127
HC CAPITAL TRUST
The International Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Germany (continued) |
| |||||||
1,149 | Hochtief AG (Construction & Engineering) | $ | 147 | |||||
82,230 | Infineon Technologies AG (Semiconductors & Semiconductor Equipment) | 1,873 | ||||||
1,986 | Knorr-Bremse AG (Machinery) | 202 | ||||||
451 | MTU Aero Engines AG (Aerospace & Defense) | 129 | ||||||
2,540 | Muenchener Rueckversicherungs-Gesellschaft AG (Insurance) | 749 | ||||||
1,758 | Puma SE (Textiles, Apparel & Luxury Goods) | 135 | ||||||
23,985 | RWE AG (Multi-Utilities) | 736 | ||||||
77,512 | SAP SE (Software) | 10,460 | ||||||
1,461 | Sartorius AG (Health Care Equipment & Supplies) | 312 | ||||||
51,593 | Siemens AG (Industrial Conglomerates) | 6,744 | ||||||
21,170 | Symrise AG (Chemicals) | 2,227 | ||||||
16,619 | thyssenkrupp AG (Metals & Mining) | 224 | ||||||
22,703 | TUI AG (Hotels, Restaurants & Leisure) | 287 | ||||||
4,767 | Uniper SE (Independent Power and Renewable Electricity Producers) | 158 | ||||||
1,532 | Volkswagen AG (Automobiles) | 298 | ||||||
21,157 | Vonovia SE (Real Estate Management & Development) | 1,139 | ||||||
42,768 | Wirecard AG (IT Services) | 5,157 | ||||||
5,685 | Zalando SE (Internet & Direct Marketing Retail) (a) | 288 | ||||||
|
| |||||||
83,798 | ||||||||
|
| |||||||
Hong Kong — 3.01% |
| |||||||
1,281,080 | AIA Group Ltd. (Insurance) (b) | 13,450 | ||||||
20,300 | ASM Pacific Technology Ltd. (Semiconductors & Semiconductor Equipment) | 282 | ||||||
151,555 | BOC Hong Kong (Holdings) Ltd. (Banks) | 526 | ||||||
108,200 | Budweiser Brewing Co. Apac Ltd. (Beverages) (a) | 365 | ||||||
334,000 | China Common Rich Renewable Energy Investment Ltd. (Independent Power and Renewable Electricity Producers) (a) | — | ||||||
67,593 | CLP Holdings Ltd. (Electric Utilities) | 710 | ||||||
33,700 | Dairy Farm International Holdings Ltd. (Food & Staples Retailing) | 192 | ||||||
89,000 | Galaxy Entertainment Group Ltd. (Hotels, Restaurants & Leisure) | 656 | ||||||
80,006 | Hang Seng Bank Ltd. (Banks) | 1,653 | ||||||
60,619 | Henderson Land Development Co. Ltd. (Real Estate Management & Development) | 298 | ||||||
87,073 | HK Electric Investments Ltd. (Electric Utilities) | 86 | ||||||
121,000 | HKT Trust & HKT Ltd. (Diversified Telecommunication Services) | 171 | ||||||
418,000 | Hong Kong & China Gas Co. Ltd. (Gas Utilities) | 816 | ||||||
49,100 | Hong Kong Exchanges & Clearing Ltd. (Capital Markets) | 1,594 | ||||||
9,200 | Jardine Strategic Holdings Ltd. (Industrial Conglomerates) | 282 | ||||||
8,632 | Melco Resorts & Entertainment Ltd., ADR (Hotels, Restaurants & Leisure) | 209 | ||||||
22,500 | MTR Corp. Ltd. (Road & Rail) | 133 |
Shares | Security Description | Value (000) | ||||||
Hong Kong (continued) |
| |||||||
201,483 | New World Development Co. Ltd. (Real Estate Management & Development) | $ | 276 | |||||
134,000 | PCCW Ltd. (Diversified Telecommunication Services) | 79 | ||||||
81,200 | Sands China Ltd. (Hotels, Restaurants & Leisure) | 434 | ||||||
107,205 | Sino Land Co. Ltd. (Real Estate Management & Development) | 156 | ||||||
44,756 | Sun Hung Kai Properties Ltd. (Real Estate Management & Development) | 685 | ||||||
48,000 | Swire Properties Ltd. (Real Estate Management & Development) | 159 | ||||||
56,000 | Techtronic Industries Co. Ltd. (Household Durables) | 457 | ||||||
86,417 | The Link Real Estate Investment Trust (Equity Real Estate Investment Trusts) | 915 | ||||||
36,000 | Vitasoy International Holdings Ltd. (Food Products) | 131 | ||||||
413,500 | WH Group Ltd. (Food Products) | 427 | ||||||
33,000 | Wheelock & Co. Ltd. (Real Estate Management & Development) | 220 | ||||||
697,600 | Wynn Macau Ltd. (Hotels, Restaurants & Leisure) | 1,718 | ||||||
|
| |||||||
27,080 | ||||||||
|
| |||||||
Ireland (Republic of) — 1.55% |
| |||||||
135,153 | Amarin Corp. PLC, ADR (Biotechnology) (a) | 2,898 | ||||||
24,053 | CRH PLC (Construction Materials) | 963 | ||||||
4,071 | Experian PLC (Professional Services) | 138 | ||||||
2,451 | Flutter Entertainment PLC (Hotels, Restaurants & Leisure) | 298 | ||||||
6,772 | James Hardie Industries PLC (Construction Materials) | 132 | ||||||
6,524 | Kerry Group PLC (Food Products) | 813 | ||||||
2,337 | Kingspan Group PLC (Building Products) | 142 | ||||||
51,520 | Medtronic PLC (Health Care Equipment & Supplies) | 5,844 | ||||||
31,018 | Ryanair Holdings PLC, ADR (Airlines) (a) | 2,717 | ||||||
|
| |||||||
13,945 | ||||||||
|
| |||||||
Isle of Man — 0.05% |
| |||||||
38,227 | GVC Holdings PLC (Hotels, Restaurants & Leisure) | 448 | ||||||
|
| |||||||
Israel — 0.44% |
| |||||||
1,743 | Azrieli Group (Real Estate Management & Development) | 127 | ||||||
46,611 | Bank Hapoalim BM (Banks) | 386 | ||||||
42,272 | Bank Leumi Le (Banks) | 308 | ||||||
1,550 | CyberArk Software Ltd. (Software) (a) | 181 | ||||||
992 | Elbit Systems Ltd. (Aerospace & Defense) | 154 | ||||||
99,530 | Israel Chemicals Ltd. (Chemicals) | 469 | ||||||
47,806 | Israel Discount Bank, Class – A (Banks) | 222 | ||||||
5,777 | Mizrahi Tefahot Bank Ltd. (Banks) | 154 | ||||||
866 | Nice Ltd. (Software) (a) | 134 | ||||||
11,152 | Nice Systems Ltd., ADR (Software) (a) | 1,731 | ||||||
1,096 | Wix.com Ltd. (IT Services) (a) | 134 | ||||||
|
| |||||||
4,000 | ||||||||
|
| |||||||
Italy — 2.56% |
| |||||||
198,727 | Assicurazioni Generali SpA (Insurance) | 4,100 | ||||||
20,349 | Atlantia SpA (Transportation Infrastructure) | 475 |
See accompanying notes to financial statements.
128
HC CAPITAL TRUST
The International Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
�� | Italy (continued) |
| ||||||
47,155 | Davide Campari – Milano SpA (Beverages) | $ | 431 | |||||
200,820 | Enel SpA (Electric Utilities) | 1,593 | ||||||
8,697 | Eni SpA (Oil, Gas & Consumable Fuels) | 135 | ||||||
4,949 | Ferrari N.V. (Automobiles) | 821 | ||||||
18,263 | Fiat Chrysler Automobiles N.V. (Automobiles) | 270 | ||||||
25,008 | FinecoBank Banca Fineco SpA (Banks) | 300 | ||||||
2,070,885 | Intesa Sanpaolo SpA (Banks) | 5,455 | ||||||
16,621 | Leonardo SpA (Aerospace & Defense) | 195 | ||||||
11,735 | Mediobanca SpA (Banks) | 129 | ||||||
7,416 | Moncler SpA (Textiles, Apparel & Luxury Goods) | 333 | ||||||
22,630 | Pirelli & C SpA (Auto Components) | 130 | ||||||
21,456 | Poste Italiane SpA (Insurance) | 244 | ||||||
9,911 | Prusmian SpA (Electrical Equipment) | 239 | ||||||
113,138 | Snam SpA (Oil, Gas & Consumable Fuels) | 595 | ||||||
318,689 | Terna – Rete Elettrica Nazionale SpA (Electric Utilities) | 2,128 | ||||||
371,446 | Unicredit SpA (Banks) | 5,423 | ||||||
|
| |||||||
22,996 | ||||||||
|
| |||||||
Japan — 17.58% |
| |||||||
2,000 | ABC-Mart, Inc. (Specialty Retail) | 137 | ||||||
29,900 | ACOM Co. Ltd. (Consumer Finance) | 137 | ||||||
2,600 | Advantest Corp. (Semiconductors & Semiconductor Equipment) | 147 | ||||||
26,900 | Aeon Co. Ltd. (Food & Staples Retailing) | 558 | ||||||
7,700 | AEON Mall Co. Ltd. (Real Estate Management & Development) | 137 | ||||||
26,800 | Ajinomoto Co., Inc. (Food Products) | 448 | ||||||
7,700 | Alfresa Holdings Corp. (Health Care Providers & Services) | 158 | ||||||
20,100 | Amada Holdings Co. Ltd. (Machinery) | 231 | ||||||
9,845 | Asahi Glass Co. Ltd. (Building Products) | 356 | ||||||
14,900 | Asahi Group Holdings Ltd. (Beverages) | 683 | ||||||
8,000 | Asahi Intecc Co. Ltd. (Health Care Equipment & Supplies) | 236 | ||||||
103,600 | Astellas Pharma, Inc. (Pharmaceuticals) | 1,783 | ||||||
8,200 | Bandai Namco Holdings, Inc. (Leisure Products) | 501 | ||||||
7,400 | Benesse Holdings, Inc. (Diversified Consumer Services) | 196 | ||||||
34,511 | Bridgestone Corp. (Auto Components) | 1,294 | ||||||
3,900 | CALBEE, Inc. (Food Products) | 128 | ||||||
12,600 | Casio Computer Co. Ltd. (Household Durables) | 254 | ||||||
2,100 | Central Japan Railway Co. (Road & Rail) | 425 | ||||||
26,500 | Chubu Electric Power Co. Inc. (Electric Utilities) | 375 | ||||||
46,000 | Coca-Cola Bottlers Japan Holdings, Inc. (Beverages) | 1,182 | ||||||
7,600 | Credit Saison Co. Ltd. (Consumer Finance) | 133 | ||||||
4,200 | CyberAgent, Inc. (Media) | 147 | ||||||
13,388 | Dai Nippon Printing Co. Ltd. (Commercial Services & Supplies) | 365 | ||||||
2,900 | Daifuku Co. Ltd. (Machinery) | 178 | ||||||
6,300 | Daikin Industries Ltd. (Building Products) | 896 |
Shares | Security Description | Value (000) | ||||||
Japan (continued) |
| |||||||
2,979 | Daito Trust Construction Co. Ltd. (Real Estate Management & Development) | $ | 370 | |||||
15,550 | Daiwa House Industry Co. Ltd. (Real Estate Management & Development) | 485 | ||||||
76 | Daiwa House REIT Investment Corp. (Equity Real Estate Investment Trusts) | 198 | ||||||
17,600 | Denso Corp. (Auto Components) | 805 | ||||||
8,900 | Dentsu Group, Inc. (Media) | 310 | ||||||
1,200 | Disco Corp. (Semiconductors & Semiconductor Equipment) | 286 | ||||||
41,400 | East Japan Railway Co. (Road & Rail) | 3,756 | ||||||
14,000 | Eisai Co. Ltd. (Pharmaceuticals) | 1,057 | ||||||
10,500 | FamilyMart Co. Ltd. (Food & Staples Retailing) | 254 | ||||||
21,500 | Fanuc Ltd. (Machinery) | 4,022 | ||||||
2,400 | Fast Retailing Co. Ltd. (Specialty Retail) | 1,436 | ||||||
5,300 | Fuji Electric Co. Ltd. (Electrical Equipment) | 163 | ||||||
10,900 | Fujitsu Ltd. (IT Services) | 1,030 | ||||||
1,900 | GMO Payment Gateway, Inc. (IT Services) | 131 | ||||||
8,100 | Hakuhodo DY Holdings, Inc. (Media) | 132 | ||||||
3,100 | Hankyu Hanshin Holdings, Inc. (Road & Rail) | 134 | ||||||
900 | Hikari Tsushin, Inc. (Specialty Retail) | 227 | ||||||
3,500 | Hitachi Chemical Co. Ltd. (Chemicals) | 147 | ||||||
4,200 | Hitachi High-Technologies Corp. (Electronic Equipment, Instruments & Components) | 299 | ||||||
26,500 | Hitachi Ltd. (Electronic Equipment, Instruments & Components) | 1,128 | ||||||
12,600 | Hitachi Metals Ltd. (Metals & Mining) | 187 | ||||||
69,841 | Honda Motor Co. Ltd. (Automobiles) | 1,992 | ||||||
2,200 | Hoshizaki Corp. (Machinery) | 197 | ||||||
15,700 | HOYA Corp. (Health Care Equipment & Supplies) | 1,510 | ||||||
12,400 | Hulic Co. Ltd. (Real Estate Management & Development) | 150 | ||||||
8,600 | IHI Corp. (Machinery) | 204 | ||||||
47,100 | INPEX Corp. (Oil, Gas & Consumable Fuels) | 493 | ||||||
14,000 | Isetan Mitsukoshi Holdings Ltd. (Multiline Retail) | 127 | ||||||
13,500 | Isuzu Motors Ltd. (Automobiles) | 161 | ||||||
80,017 | ITOCHU Corp. (Trading Companies & Distributors) | 1,867 | ||||||
4,600 | ITOCHU Techno-Solutions Corp. (IT Services) | 130 | ||||||
15,400 | J. Front Retailing Co. Ltd. (Multiline Retail) | 217 | ||||||
4,200 | Japan Airlines Co. Ltd. (Airlines) | 131 | ||||||
2,500 | Japan Airport Terminal Co. Ltd. (Transportation Infrastructure) | 141 | ||||||
20,900 | Japan Exchange Group, Inc. (Capital Markets) | 371 | ||||||
9,200 | Japan Post Insurance Co. Ltd. (Insurance) | 158 | ||||||
32 | Japan Prime Realty Investment Corp. (Equity Real Estate Investment Trusts) | 140 | ||||||
55 | Japan Real Estate Investment Corp. (Equity Real Estate Investment Trusts) | 365 | ||||||
107 | Japan Retail Fund Investment Corp. (Equity Real Estate Investment Trusts) | 230 | ||||||
13,800 | Japan Tobacco, Inc. (Tobacco) | 309 | ||||||
27,500 | JFE Holdings, Inc. (Metals & Mining) | 357 | ||||||
9,100 | JGC Holdings Corp. (Construction & Engineering) | 147 | ||||||
10,054 | JSR Corp. (Chemicals) | 186 |
See accompanying notes to financial statements.
129
HC CAPITAL TRUST
The International Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Japan (continued) |
| |||||||
118,657 | JXTG Holdings, Inc. (Oil, Gas & Consumable Fuels) | $ | 544 | |||||
6,000 | Kamigumi Co. Ltd. (Transportation Infrastructure) | 132 | ||||||
2,800 | Kaneka Corp. (Chemicals) | 91 | ||||||
5,100 | Kansai Paint Co. Ltd. (Chemicals) | 126 | ||||||
19,800 | Kao Corp. (Personal Products) | 1,645 | ||||||
161,600 | KDDI Corp. (Wireless Telecommunication Services) | 4,838 | ||||||
4,000 | Keihan Holdings Co. Ltd. (Industrial Conglomerates) | 195 | ||||||
9,100 | Keikyu Corp. (Road & Rail) | 177 | ||||||
4,300 | Keio Corp. (Road & Rail) | 262 | ||||||
5,400 | Keisei Electric Railway Co. Ltd. (Road & Rail) | 211 | ||||||
400 | Keyence Corp. (Electronic Equipment, Instruments & Components) | 142 | ||||||
6,000 | Kikkoman Corp. (Food Products) | 297 | ||||||
7,000 | Kintetsu Group Holdings Co. Ltd. (Road & Rail) | 381 | ||||||
46,400 | Kirin Holdings Co. Ltd., Class – C (Beverages) | 1,021 | ||||||
2,100 | Kobayashi Pharmaceutical Co. Ltd. (Personal Products) | 179 | ||||||
4,200 | Koito Manufacturing Co. Ltd. (Auto Components) | 197 | ||||||
52,345 | Komatsu Ltd. (Machinery) | 1,273 | ||||||
3,800 | Konami Holdings Corp. (Entertainment) | 157 | ||||||
1,300 | Kose Corp. (Personal Products) | 191 | ||||||
43,000 | Kubota Corp. (Machinery) | 683 | ||||||
4,600 | Kurita Water Industries Ltd. (Machinery) | 138 | ||||||
5,700 | Kyocera Corp. (Electronic Equipment, Instruments & Components) | 392 | ||||||
9,700 | Kyushu Railway Co. (Road & Rail) | 326 | ||||||
2,700 | LINE Corp. (Interactive Media & Services) (a) | 133 | ||||||
9,200 | Lion Corp. (Household Products) | 180 | ||||||
18,100 | M3, Inc. (Health Care Technology) | 551 | ||||||
9,200 | Makita Corp. (Machinery) | 323 | ||||||
90,016 | Marubeni Corp. (Trading Companies & Distributors) | 672 | ||||||
7,800 | Marui Group Co. Ltd. (Multiline Retail) | 192 | ||||||
4,487 | Maruichi Steel Tube Ltd. (Metals & Mining) | 127 | ||||||
18,700 | McDonald’s Holdings Co. (Japan) Ltd. (Hotels, Restaurants & Leisure) | 902 | ||||||
22,300 | Mebuki Financial Group, Inc. (Banks) | 57 | ||||||
7,500 | Medipal Holdings Corp. (Health Care Providers & Services) | 167 | ||||||
4,700 | MEIJI Holdings Co. Ltd. (Food Products) | 319 | ||||||
6,800 | Mercari, Inc. (Internet & Direct Marketing Retail) (a) | 140 | ||||||
6,300 | MINEBEA MITSUMI, Inc. (Machinery) | 132 | ||||||
11,600 | MISUMI Group, Inc. (Machinery) | 291 | ||||||
71,500 | Mitsubishi Chemical Holdings Corp. (Chemicals) | 538 | ||||||
75,345 | Mitsubishi Corp. (Trading Companies & Distributors) | 2,010 | ||||||
102,800 | Mitsubishi Electric Corp. (Electrical Equipment) | 1,418 | ||||||
48,500 | Mitsubishi Estate Co. Ltd. (Real Estate Management & Development) | 934 | ||||||
17,900 | Mitsubishi Heavy Industries Ltd. (Machinery) | 700 | ||||||
41,200 | Mitsubishi Motors Corp. (Automobiles) | 174 |
Shares | Security Description | Value (000) | ||||||
Japan (continued) |
| |||||||
15,426 | Mitsubishi Tanabe Pharma Corp. (Pharmaceuticals) | $ | 285 | |||||
335,005 | Mitsubishi UFJ Financial Group, Inc. (Banks) | 1,829 | ||||||
20,200 | Mitsubishi UFJ Lease & Finance Co. Ltd. (Diversified Financial Services) | 131 | ||||||
92,488 | Mitsui & Co. Ltd. (Trading Companies & Distributors) | 1,657 | ||||||
36,600 | Mitsui Fudosan Co. Ltd. (Real Estate Management & Development) | 900 | ||||||
990,677 | Mizuho Financial Group, Inc. (Banks) | 1,535 | ||||||
5,100 | MonotaRO Co. Ltd. (Trading Companies & Distributors) | 137 | ||||||
9,000 | MS&AD Insurance Group Holdings, Inc. (Insurance) | 299 | ||||||
55,500 | Murata Manufacturing Co. Ltd. (Electronic Equipment, Instruments & Components) | 3,447 | ||||||
5,800 | Nabtesco Corp. (Machinery) | 174 | ||||||
7,600 | Nagoya Railroad Co. Ltd. (Road & Rail) | 237 | ||||||
14,700 | NEC Corp. (Technology Hardware, Storage & Peripherals) | 612 | ||||||
20,200 | Nexon Co. Ltd. (Entertainment) (a) | 270 | ||||||
9,100 | NGK Spark Plug Co. Ltd. (Auto Components) | 179 | ||||||
3,300 | NH Foods Ltd. (Food Products) | 137 | ||||||
9,100 | Nidec Corp. (Electrical Equipment) | 1,257 | ||||||
4,500 | Nintendo Co. Ltd. (Entertainment) | 1,821 | ||||||
56 | Nippon Building Fund, Inc. (Equity Real Estate Investment Trusts) | 409 | ||||||
4,600 | Nippon Express Co. Ltd. (Road & Rail) | 272 | ||||||
82 | Nippon Prologis REIT, Inc. (Equity Real Estate Investment Trusts) | 209 | ||||||
48,500 | Nippon Shinyaku Co. Ltd. (Pharmaceuticals) | 4,228 | ||||||
42,900 | Nippon Steel Corp. (Metals & Mining) | 654 | ||||||
36,400 | Nippon Telegraph & Telephone Corp. (Diversified Telecommunication Services) | 924 | ||||||
5,100 | Nissan Chemical Corp. (Chemicals) | 216 | ||||||
51,781 | Nissan Motor Co. Ltd. (Automobiles) | 303 | ||||||
8,100 | Nisshin Seifun Group, Inc. (Food Products) | 142 | ||||||
2,600 | Nissin Foods Holdings Co. Ltd. (Food Products) | 194 | ||||||
3,200 | Nitori Holdings Co. Ltd. (Specialty Retail) | 507 | ||||||
9,100 | Nitto Denko Corp. (Chemicals) | 518 | ||||||
136,300 | Nomura Holdings, Inc. (Capital Markets) | 707 | ||||||
5,311 | Nomura Real Estate Holdings, Inc. (Real Estate Management & Development) | 128 | ||||||
168 | Nomura Real Estate Master Fund, Inc. (Equity Real Estate Investment Trusts) | 287 | ||||||
17,800 | Nomura Research Institute Ltd. (IT Services) | 383 | ||||||
9,600 | NTT Data Corp. (IT Services) | 130 | ||||||
36,925 | NTT DoCoMo, Inc. (Wireless Telecommunication Services) | 1,033 | ||||||
36,300 | Obayashi Corp. (Construction & Engineering) | 407 | ||||||
1,800 | OBIC Co. Ltd. (IT Services) | 245 | ||||||
12,100 | Odakyu Electric Railway Co. Ltd. (Road & Rail) | 284 | ||||||
46,900 | Oji Paper Co. Ltd. (Paper & Forest Products) | 257 | ||||||
47,800 | Olympus Corp. (Health Care Equipment & Supplies) | 743 | ||||||
10,400 | OMRON Corp. (Electronic Equipment, Instruments & Components) | 615 | ||||||
1,400 | Oracle Corp. Japan (Software) | 128 |
See accompanying notes to financial statements.
130
HC CAPITAL TRUST
The International Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Japan (continued) |
| |||||||
8,200 | Oriental Land Co. Ltd. (Hotels, Restaurants & Leisure) | $ | 1,123 | |||||
18,000 | ORIX Corp. (Diversified Financial Services) | 301 | ||||||
107 | ORIX Jreit, Inc. (Equity Real Estate Investment Trusts) | 232 | ||||||
4,300 | OTSUKA Corp. (IT Services) | 173 | ||||||
18,300 | Pan Pacific International Holdings Corp. (Multiline Retail) | 304 | ||||||
126,700 | Panasonic Corp. (Household Durables) | 1,201 | ||||||
4,500 | PeptiDream, Inc. (Biotechnology) (a) | 232 | ||||||
7,200 | Persol Holdings Co. Ltd. (Professional Services) | 136 | ||||||
4,700 | Pigeon Corp. (Household Products) | 174 | ||||||
35,400 | Rakuten, Inc. (Internet & Direct Marketing Retail) | 304 | ||||||
87,930 | Recruit Holdings Co. Ltd. (Professional Services) (b) | 3,318 | ||||||
31,400 | Renesas Electronics Corp. (Semiconductors & Semiconductor Equipment) (a) | 217 | ||||||
85,938 | Resona Holdings, Inc. (Banks) | 379 | ||||||
1,700 | Rinnai Corp. (Household Durables) | 134 | ||||||
5,600 | Rohm Co. Ltd. (Semiconductors & Semiconductor Equipment) | 453 | ||||||
9,800 | Ryohin Keikaku Co. Ltd. (Multiline Retail) | 231 | ||||||
9,800 | SBI Holdings, Inc. (Capital Markets) | 209 | ||||||
8,600 | SECOM Co. Ltd. (Commercial Services & Supplies) | 774 | ||||||
11,400 | Sega Sammy Holdings, Inc. (Leisure Products) | 166 | ||||||
8,100 | Seibu Holdings, Inc. (Industrial Conglomerates) | 134 | ||||||
20,100 | Sekisui Chemical Co. Ltd. (Household Durables) | 352 | ||||||
35,552 | Sekisui House Ltd. (Household Durables) | 764 | ||||||
41,800 | Seven & I Holdings Co. Ltd. (Food & Staples Retailing) | 1,541 | ||||||
40,300 | Seven Bank Ltd. (Banks) | 133 | ||||||
5,900 | SG Holdings Co. Ltd. (Air Freight & Logistics) | 134 | ||||||
8,700 | Sharp Corp. (Household Durables) | 135 | ||||||
1,500 | Shimamura Co. Ltd. (Specialty Retail) | 115 | ||||||
3,000 | Shimano, Inc. (Leisure Products) | 491 | ||||||
14,900 | Shin-Etsu Chemical Co. Ltd. (Chemicals) | 1,654 | ||||||
8,300 | Shinsei Bank Ltd. (Banks) | 128 | ||||||
16,400 | Shiseido Co. Ltd. (Personal Products) | 1,175 | ||||||
2,300 | SMC Corp. (Machinery) | 1,065 | ||||||
47,770 | Softbank Corp. (Wireless Telecommunication Services) | 642 | ||||||
62,800 | SoftBank Group Corp. (Wireless Telecommunication Services) | 2,749 | ||||||
3,800 | Sohgo Security Services Co. Ltd. (Commercial Services & Supplies) | 207 | ||||||
68,600 | Sompo Holdings, Inc. (Insurance) | 2,715 | ||||||
52,200 | Sony Corp. (Household Durables) | 3,555 | ||||||
6,208 | Sony Financial Holdings, Inc. (Insurance) | 150 | ||||||
3,800 | Square Enix Holdings Co. Ltd. (Entertainment) | 190 | ||||||
5,300 | Stanley Electric Co. Ltd. (Auto Components) | 155 | ||||||
8,000 | SUMCO Corp. (Semiconductors & Semiconductor Equipment) | 134 | ||||||
72,800 | Sumitomo Chemical Co. Ltd. (Chemicals) | 334 | ||||||
67,086 | Sumitomo Corp. (Trading Companies & Distributors) | 1,003 |
Shares | Security Description | Value (000) | ||||||
Japan (continued) |
| |||||||
41,300 | Sumitomo Electric Industries Ltd. (Auto Components) | $ | 628 | |||||
126,248 | Sumitomo Mitsui Financial Group, Inc. (Banks) | 4,692 | ||||||
13,683 | Sumitomo Mitsui Trust Holdings, Inc. (Banks) | 546 | ||||||
13,600 | Sumitomo Realty & Development Co. Ltd. (Real Estate Management & Development) | 477 | ||||||
3,500 | Sundrug Co. Ltd. (Food & Staples Retailing) | 127 | ||||||
5,700 | Suntory Beverage & Food Ltd. (Beverages) | 238 | ||||||
2,900 | Suzuken Co. Ltd. (Health Care Providers & Services) | 119 | ||||||
15,100 | Suzuki Motor Corp. (Automobiles) | 635 | ||||||
6,800 | Sysmex Corp. (Health Care Equipment & Supplies) | 466 | ||||||
22,800 | T&D Holdings, Inc. (Insurance) | 293 | ||||||
161,700 | Taiyo Nippon Sanso Corp. (Chemicals) | 3,613 | ||||||
126,600 | Takeda Pharmaceutical Co. Ltd. (Pharmaceuticals) | 5,047 | ||||||
7,000 | TDK Corp. (Electronic Equipment, Instruments & Components) | 798 | ||||||
26,500 | Terumo Corp. (Health Care Equipment & Supplies) | 948 | ||||||
40,800 | The Bank of Kyoto Ltd. (Banks) | 1,765 | ||||||
9,242 | The Chugoku Electric Power Company, Inc. (Electric Utilities) | 122 | ||||||
22,300 | The Dai-ichi Life Insurance Co. Ltd. (Insurance) | 373 | ||||||
18,600 | The Shizuoka Bank Ltd. (Banks) | 140 | ||||||
7,200 | The Yokohama Rubber Co. Ltd. (Auto Components) | 141 | ||||||
8,000 | THK Co. Ltd. (Machinery) | 219 | ||||||
3,600 | Tobu Railway Co. Ltd. (Road & Rail) | 131 | ||||||
4,600 | Toho Co. Ltd. (Entertainment) | 192 | ||||||
3,300 | Toho Gas Co. Ltd. (Gas Utilities) | 135 | ||||||
13,900 | Tokio Marine Holdings, Inc. (Insurance) | 783 | ||||||
2,400 | Tokyo Century Corp. (Diversified Financial Services) | 129 | ||||||
62,700 | Tokyo Electric Power Co., Inc. (Electric Utilities) (a) | 270 | ||||||
8,800 | Tokyo Electron Ltd. (Semiconductors & Semiconductor Equipment) | 1,938 | ||||||
25,100 | Tokyo Fudosan Holdings Corp. (Real Estate Management & Development) | 174 | ||||||
15,400 | Tokyo Gas Co. Ltd. (Gas Utilities) | 376 | ||||||
20,500 | Tokyu Corp. (Road & Rail) | 381 | ||||||
15,300 | Toppan Printing Co. Ltd. (Commercial Services & Supplies) | 318 | ||||||
29,300 | Toray Industries, Inc. (Chemicals) | 200 | ||||||
20,300 | Toshiba Corp. (Industrial Conglomerates) | 692 | ||||||
15,400 | Tosoh Corp. (Chemicals) | 240 | ||||||
5,800 | TOTO Ltd. (Building Products) | 248 | ||||||
3,600 | Toyo Suisan Kaisha Ltd. (Food Products) | 153 | ||||||
5,200 | Toyoda Gosei Co. Ltd. (Auto Components) | 131 | ||||||
8,400 | Toyota Industries Corp. (Auto Components) | 489 | ||||||
82,800 | Toyota Motor Corp. (Automobiles) | 5,879 | ||||||
11,670 | Toyota Tsusho Corp. (Trading Companies & Distributors) | 415 | ||||||
6,427 | Trend Micro, Inc. (Software) | 332 | ||||||
1,500 | Tsuruha Holdings, Inc. (Food & Staples Retailing) | 194 |
See accompanying notes to financial statements.
131
HC CAPITAL TRUST
The International Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Japan (continued) |
| |||||||
16,500 | Unicharm Corp. (Household Products) | $ | 562 | |||||
121 | United Urban Investment Corp. (Equity Real Estate Investment Trusts) | 227 | ||||||
14,400 | USS Co. Ltd. (Specialty Retail) | 274 | ||||||
2,100 | Welcia Holdings Co. Ltd. (Food & Staples Retailing) | 134 | ||||||
4,900 | Yakult Honsha Co. Ltd. (Food Products) | 272 | ||||||
40,200 | Yamada Denki Co. Ltd. (Specialty Retail) | 214 | ||||||
5,900 | Yamaha Corp. (Leisure Products) | 330 | ||||||
17,200 | Yamaha Motor Co. Ltd. (Automobiles) | 349 | ||||||
12,600 | Yamato Holdings Co. Ltd. (Air Freight & Logistics) | 216 | ||||||
11,200 | Yamazaki Baking Co. Ltd. (Food Products) | 201 | ||||||
153,500 | Z Holdings Corp. (Interactive Media & Services) | 651 | ||||||
6,700 | ZOZO, Inc. (Internet & Direct Marketing Retail) | 129 | ||||||
|
| |||||||
158,075 | ||||||||
|
| |||||||
Jersey — 0.02% |
| |||||||
13,723 | WPP PLC (Media) | 194 | ||||||
|
| |||||||
Luxembourg — 0.20% |
| |||||||
27,712 | Altice Europe NV (Media) (a) | 179 | ||||||
27,280 | ArcelorMittal SA (Metals & Mining) | 479 | ||||||
4,522 | Millicom International Cellular SA (Wireless Telecommunication Services) | 217 | ||||||
9,710 | SES – FDR, Class – A (Media) | 136 | ||||||
67,658 | Tenaris SA (Energy Equipment & Services) | 762 | ||||||
|
| |||||||
1,773 | ||||||||
|
| |||||||
Netherlands — 4.70% |
| |||||||
2,491 | Adyen N.V. (IT Services) (a)(b) | 2,042 | ||||||
81,487 | Airbus SE (Aerospace & Defense) | 11,925 | ||||||
36,112 | Akzo Nobel N.V. (Chemicals) | 3,671 | ||||||
8,178 | ASML Holding N.V. (Semiconductors & Semiconductor Equipment) | 2,419 | ||||||
41,608 | CNH Industrial N.V. (Machinery) | 457 | ||||||
4,454 | Exor N.V. (Diversified Financial Services) | 345 | ||||||
4,966 | Heineken Holding N.V., Class – A (Beverages) | 481 | ||||||
10,645 | Heineken N.V. (Beverages) | 1,134 | ||||||
794,772 | ING Groep N.V. (Banks) | 9,527 | ||||||
62,791 | Koninklijke Ahold Delhaize N.V. (Food & Staples Retailing) | 1,570 | ||||||
19,423 | Koninklijke DSM N.V. (Chemicals) | 2,529 | ||||||
36,992 | Koninklijke Philips N.V. (Health Care Equipment & Supplies) | 1,806 | ||||||
6,248 | NN Group N.V. (Insurance) | 237 | ||||||
11,448 | NXP Semiconductors N.V. (Semiconductors & Semiconductor Equipment) | 1,457 | ||||||
20,017 | Prosus N.V. (Internet & Direct Marketing Retail) (a) | 1,494 | ||||||
6,504 | Randstad N.V. (Professional Services) | 397 | ||||||
11,488 | Wolters Kluwer N.V. (Professional Services) | 838 | ||||||
|
| |||||||
42,329 | ||||||||
|
| |||||||
New Zealand — 0.05% |
| |||||||
30,194 | A2 Milk Co. Ltd. (Food Products)��(a) | 306 | ||||||
4,911 | Auckland International Airport Ltd. (Transportation Infrastructure) | 29 |
Shares | Security Description | Value (000) | ||||||
New Zealand (continued) |
| |||||||
10,194 | Meridian Energy Ltd. (Independent Power and Renewable Electricity Producers) | $ | 34 | |||||
27,208 | Spark New Zealand Ltd. (Diversified Telecommunication Services) | 79 | ||||||
|
| |||||||
448 | ||||||||
|
| |||||||
Norway — 0.25% |
| |||||||
4,588 | Aker BP ASA (Oil, Gas & Consumable Fuels) | 150 | ||||||
7,142 | Equinor ASA (Oil, Gas & Consumable Fuels) | 143 | ||||||
10,876 | Gjensidige Forsikring ASA (Insurance) | 228 | ||||||
27,424 | Mowi ASA (Food Products) | 713 | ||||||
30,846 | Orkla ASA (Food Products) | 313 | ||||||
4,909 | Schibsted ASA (Media) | 141 | ||||||
16,244 | Telenor ASA (Diversified Telecommunication Services) | 291 | ||||||
7,271 | Yara International ASA (Chemicals) | 303 | ||||||
|
| |||||||
2,282 | ||||||||
|
| |||||||
Papua New Guinea — 0.19% |
| |||||||
331,145 | Oil Search Ltd. (Oil, Gas & Consumable Fuels) | 1,684 | ||||||
|
| |||||||
Portugal — 0.15% |
| |||||||
175,842 | EDP – Energias de Portugal SA (Electric Utilities) | 762 | ||||||
27,476 | Galp Energia SGPS SA, B Shares (Oil, Gas & Consumable Fuels) | 459 | ||||||
10,338 | Jeronimo Martins, SGPS, SA (Food & Staples Retailing) | 170 | ||||||
|
| |||||||
1,391 | ||||||||
|
| |||||||
Singapore — 0.50% |
| |||||||
232,772 | Ascendas Real Estate Investment Trust (Equity Real Estate Investment Trusts) | 514 | ||||||
240,544 | CapitaLand Commercial Trust (Equity Real Estate Investment Trusts) | 356 | ||||||
234,915 | CapitaMall Trust (Equity Real Estate Investment Trusts) | 430 | ||||||
16,800 | City Developments Ltd. (Real Estate Management & Development) | 137 | ||||||
366,300 | ComfortDelGro Corp. Ltd. (Road & Rail) | 648 | ||||||
7,100 | DBS Group Holdings Ltd. (Banks) | 137 | ||||||
6,000 | Jardine Cycle & Carriage Ltd. (Distributors) | 134 | ||||||
26,500 | Keppel Corp. Ltd. (Industrial Conglomerates) | 133 | ||||||
24,600 | Oversea-Chinese Banking Corp. Ltd. (Banks) | 200 | ||||||
80,500 | SembCorp Industries Ltd. (Industrial Conglomerates) | 138 | ||||||
54,900 | Singapore Exchange Ltd. (Capital Markets) | 362 | ||||||
274,179 | Singapore Telecommunications Ltd. (Diversified Telecommunication Services) | 687 | ||||||
228,180 | Suntec REIT (Equity Real Estate Investment Trusts) | 312 | ||||||
6,900 | United Overseas Bank Ltd. (Banks) | 136 | ||||||
22,500 | United Overseas Land Ltd. (Real Estate Management & Development) | 139 | ||||||
|
| |||||||
4,463 | ||||||||
|
| |||||||
South Korea — 1.99% |
| |||||||
198,313 | Samsung Electronics Co. Ltd. (Technology Hardware, Storage & Peripherals) | 9,570 | ||||||
10,004 | SK Innovation Co. Ltd. (Oil, Gas & Consumable Fuels) | 1,298 |
See accompanying notes to financial statements.
132
HC CAPITAL TRUST
The International Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
South Korea (continued) |
| |||||||
34,375 | SK Telecom Co. Ltd. (Wireless Telecommunication Services) | $ | 7,075 | |||||
|
| |||||||
17,943 | ||||||||
|
| |||||||
Spain — 1.63% |
| |||||||
16,693 | ACS Actividades de Construccion y Servicios SA (Construction & Engineering) | 667 | ||||||
17,712 | Amadeus IT Holding SA, A Shares (IT Services) | 1,446 | ||||||
24,813 | Banco Bilbao Vizcaya Argentaria SA (Banks) | 139 | ||||||
33,195 | Banco Santander SA (Banks) | 139 | ||||||
107,557 | Bankinter SA (Banks) | 788 | ||||||
1,039,275 | CaixaBank SA (Banks) | 3,261 | ||||||
3,037 | Cellnex Telecom SA (Diversified Telecommunication Services) | 131 | ||||||
46,360 | Corporacion Mapfre (Insurance) | 123 | ||||||
6,850 | Enagas (Oil, Gas & Consumable Fuels) | 175 | ||||||
11,451 | Endesa (Electric Utilities) | 306 | ||||||
20,188 | Ferrovial SA (Construction & Engineering) | 611 | ||||||
13,486 | Grifols SA (Biotechnology) | 475 | ||||||
248,226 | Iberdrola SA (Electric Utilities) | 2,555 | ||||||
44,800 | Industria de Diseno Textil SA (Specialty Retail) | 1,580 | ||||||
40,271 | Red Electrica Corp. (Electric Utilities) | 810 | ||||||
85,263 | Repsol SA (Oil, Gas & Consumable Fuels) | 1,332 | ||||||
9,790 | Siemens Gamesa Renewable Energy SA (Electrical Equipment) | 172 | ||||||
|
| |||||||
14,710 | ||||||||
|
| |||||||
Sweden — 1.82% |
| |||||||
5,332 | Alfa Laval AB (Machinery) | 134 | ||||||
41,164 | Assa Abloy AB, B Shares (Building Products) | 963 | ||||||
3,391 | Atlas Copco AB, A Shares (Machinery) | 135 | ||||||
26,364 | Boliden AB (Metals & Mining) | 700 | ||||||
25,307 | Electrolux AB, B Shares (Household Durables) | 621 | ||||||
17,276 | Epiroc AB, Class – A (Machinery) | 211 | ||||||
24,908 | Essity AG, Class – B (Household Products) | 803 | ||||||
145,909 | Hennes & Mauritz AB, B Shares (Specialty Retail) | 2,968 | ||||||
17,162 | Husqvarna AB (Household Durables) | 138 | ||||||
5,130 | ICA Gruppen AB (Food & Staples Retailing) | 240 | ||||||
6,859 | Industrivarden AB, C Shares (Diversified Financial Services) | 165 | ||||||
18,707 | Investor AB, B Shares (Diversified Financial Services) | 1,021 | ||||||
6,435 | Kinnevik AB, B (Diversified Financial Services) | 157 | ||||||
43,078 | L E Lundbergforetagen AB (Diversified Financial Services) | 1,891 | ||||||
7,632 | Lundin Petroleum AB (Oil, Gas & Consumable Fuels) | 259 | ||||||
6,918 | Sandvik AB (Machinery) | 135 | ||||||
12,861 | Securitas AB, B Shares (Commercial Services & Supplies) | 222 | ||||||
25,912 | Skandinaviska Enskilda Banken AB, Class – A (Banks) | 244 | ||||||
33,960 | Skanska AB, B Shares (Construction & Engineering) | 768 |
Shares | Security Description | Value (000) | ||||||
Sweden (continued) | ||||||||
36,959 | SKF AB, B Shares (Machinery) | $ | 748 | |||||
6,980 | Swedish Match AB (Tobacco) | 360 | ||||||
24,390 | Tele2 AB, B Shares (Wireless Telecommunication Services) | 354 | ||||||
126,184 | Telefonaktiebolaget LM Ericsson, B Shares (Communications Equipment) | 1,099 | ||||||
123,561 | Volvo AB, B Shares (Machinery) | 2,070 | ||||||
|
| |||||||
16,406 | ||||||||
|
| |||||||
Switzerland — 8.29% |
| |||||||
189,824 | ABB Ltd., Registered Shares (Electrical Equipment) | 4,585 | ||||||
14,924 | Adecco SA, Registered Shares (Professional Services) | 944 | ||||||
17,060 | Alcon, Inc. (Health Care Equipment & Supplies) (a) | 966 | ||||||
1,838 | Baloise Holding AG, Registered Shares (Insurance) | 332 | ||||||
124 | Barry Callebaut AG (Food Products) | 274 | ||||||
5 | Chocoladefabriken Lindt & Spruengli AG (Food Products) | 442 | ||||||
44 | Chocoladefabriken Lindt & Sprungil AG (Food Products) | 342 | ||||||
18,718 | Clariant AG (Chemicals) | 418 | ||||||
104,975 | Credit Suisse Group AG (Capital Markets) | 1,422 | ||||||
1,324 | Dufry AG (Specialty Retail) | 131 | ||||||
761 | EMS-Chemie Holding AG, Registered Shares (Chemicals) | 500 | ||||||
237 | Geberit AG (Building Products) | 133 | ||||||
38,020 | Idorsia Ltd. (Biotechnology) (a)(b) | 1,176 | ||||||
5,415 | Julius Baer Group Ltd. (Capital Markets) | 279 | ||||||
5,080 | Kuehne & Nagel International Ltd. (Marine) | 857 | ||||||
44,687 | LafargeHolcim Ltd., Registered Shares (Construction Materials) | 2,480 | ||||||
9,196 | Lonza Group AG (Life Sciences Tools & Services) | 3,357 | ||||||
176,982 | Nestle SA (Food Products) | 19,165 | ||||||
116,538 | Novartis AG, Registered Shares (Pharmaceuticals) | 11,069 | ||||||
767 | Partners Group Holding AG (Capital Markets) | 703 | ||||||
37,380 | Roche Holding AG (Pharmaceuticals) | 12,131 | ||||||
500 | SGS SA, Registered Shares (Professional Services) | 1,370 | ||||||
739 | Sika AG, Registered Shares (Chemicals) | 139 | ||||||
2,280 | Sonova Holding AG, Registered Shares (Health Care Equipment & Supplies) | 522 | ||||||
4,989 | STMicroelectronics N.V. (Semiconductors & Semiconductor Equipment) | 134 | ||||||
355 | Straumann Holding AG (Health Care Equipment & Supplies) | 349 | ||||||
1,212 | Swiss Life Holding AG (Insurance) | 609 | ||||||
3,789 | Swiss Prime Site AG (Real Estate Management & Development) | 438 | ||||||
10,752 | Swiss Re AG (Insurance) | 1,208 | ||||||
1,212 | Swisscom AG (Diversified Telecommunication Services) | 642 | ||||||
2,683 | Temenos AG (Software) | 425 | ||||||
4,114 | The Swatch Group AG (Textiles, Apparel & Luxury Goods) | 217 |
See accompanying notes to financial statements.
133
HC CAPITAL TRUST
The International Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Switzerland (continued) |
| |||||||
2,766 | The Swatch Group AG, B Shares (Textiles, Apparel & Luxury Goods) | $ | 772 | |||||
310,237 | UBS Group AG (Capital Markets) | 3,920 | ||||||
5,271 | Zurich Financial Services AG (Insurance) | 2,163 | ||||||
|
| |||||||
74,614 | ||||||||
|
| |||||||
United Arab Emirates — 0.01% |
| |||||||
3,951 | NMC Health PLC (Health Care Providers & Services) | 92 | ||||||
|
| |||||||
United Kingdom — 15.74% |
| |||||||
5,633 | Admiral Group PLC (Insurance) | 172 | ||||||
68,275 | Anglo American PLC (Metals & Mining) | 1,965 | ||||||
33,441 | Aon PLC (Insurance) | 6,964 | ||||||
59,373 | AstraZeneca PLC (Pharmaceuticals) | 5,982 | ||||||
43,865 | Aveva Group PLC (Software) | 2,705 | ||||||
658,149 | Aviva PLC (Insurance) | 3,650 | ||||||
408,501 | Balfour Beatty PLC (Construction & Engineering) | 1,414 | ||||||
1,887,652 | Barclays PLC (Banks) | 4,491 | ||||||
72,724 | Barratt Developments PLC (Household Durables) | 719 | ||||||
1,266,056 | BP PLC (Oil, Gas & Consumable Fuels) | 7,907 | ||||||
160,589 | British American Tobacco PLC (Tobacco) | 6,873 | ||||||
16,543 | British Land Co. PLC (Equity Real Estate Investment Trusts) | 140 | ||||||
4,777 | Burberry Group PLC (Textiles, Apparel & Luxury Goods) | 140 | ||||||
10,962 | Carnival PLC (Hotels, Restaurants & Leisure) | 529 | ||||||
700,079 | Cobham PLC (Aerospace & Defense) | 1,523 | ||||||
9,500 | Coca-Cola European Partners PLC (Beverages) | 483 | ||||||
29,788 | Compass Group PLC (Hotels, Restaurants & Leisure) | 746 | ||||||
163,897 | Diageo PLC (Beverages) | 6,948 | ||||||
11,233 | easyJet PLC (Airlines) | 212 | ||||||
105,348 | G4S PLC (Commercial Services & Supplies) | 304 | ||||||
390,433 | GlaxoSmithKline PLC (Pharmaceuticals) | 9,199 | ||||||
11,688 | Hargreaves Lansdown PLC (Capital Markets) | 300 | ||||||
508,941 | HSBC Holdings PLC (Banks) | 3,990 | ||||||
1,822 | Intertek Group PLC (Professional Services) | 141 | ||||||
117,138 | J Sainsbury PLC (Food & Staples Retailing) | 357 | ||||||
4,105 | Johnson Matthey PLC (Chemicals) | 163 | ||||||
10,587 | Land Securities Group PLC (Equity Real Estate Investment Trusts) | 139 | ||||||
152,198 | Legal & General Group PLC (Insurance) | 611 | ||||||
78,132 | Linde PLC (Chemicals) | 16,720 | ||||||
6,172,791 | Lloyds Banking Group PLC (Banks) | 5,109 | ||||||
12,927 | London Stock Exchange Group PLC (Capital Markets) | 1,326 | ||||||
405,754 | M&G PLC (Diversified Financial Services) (a) | 1,275 | ||||||
116,618 | National Grid PLC (Multi-Utilities) | 1,458 | ||||||
1,442 | Next PLC (Multiline Retail) | 134 | ||||||
18,873 | Ocado Group PLC (Internet & Direct Marketing Retail) (a) | 320 | ||||||
23,052 | Persimmon PLC (Household Durables) | 823 | ||||||
257,637 | Prudential PLC (Insurance) | 4,944 |
Shares | Security Description | Value (000) | ||||||
United Kingdom (continued) |
| |||||||
29,131 | RecKitt Benckiser Group PLC (Household Products) | $ | 2,365 | |||||
159,169 | RELX PLC (Professional Services) | 4,017 | ||||||
22,837 | Rentokil Initial PLC (Commercial Services & Supplies) | 137 | ||||||
83,701 | Rio Tinto PLC (Metals & Mining) | 4,992 | ||||||
62,210 | Rolls-Royce Holdings PLC (Aerospace & Defense) | 563 | ||||||
135,327 | Royal Bank of Scotland Group PLC (Banks) | 431 | ||||||
83,973 | Royal Dutch Shell PLC, A Shares (Oil, Gas & Consumable Fuels) | 2,486 | ||||||
246,139 | Royal Dutch Shell PLC, B Shares (Oil, Gas & Consumable Fuels) | 7,300 | ||||||
8,382 | Severn Trent PLC (Water Utilities) | 279 | ||||||
150,246 | SSE PLC (Electric Utilities) | 2,862 | ||||||
9,244 | St. James Place PLC (Capital Markets) | 143 | ||||||
14,389 | Standard Chartered PLC (Banks) | 136 | ||||||
56,931 | Taylor Wimpey PLC (Household Durables) | 146 | ||||||
41,493 | Tesco PLC (Food & Staples Retailing) | 140 | ||||||
62,331 | Unilever N.V. (Personal Products) | 3,582 | ||||||
24,879 | Unilever PLC (Personal Products) | 1,433 | ||||||
24,123 | United Utilities Group PLC (Water Utilities) | 302 | ||||||
2,484,689 | Vodafone Group PLC (Wireless Telecommunication Services) | 4,829 | ||||||
22,597 | Willis Towers Watson PLC (Insurance) | 4,563 | ||||||
|
| |||||||
141,582 | ||||||||
|
| |||||||
United States — 1.35% |
| |||||||
1,861 | Alphabet, Inc., Class – A (Interactive Media & Services) (a) | 2,493 | ||||||
1,830 | Alphabet, Inc., Class – C (Interactive Media & Services) (a) | 2,447 | ||||||
2,580 | Amazon.com, Inc. (Internet & Direct Marketing Retail) (a) | 4,767 | ||||||
26,313 | Intercontinental Exchange, Inc. (Capital Markets) | 2,435 | ||||||
|
| |||||||
12,142 | ||||||||
|
| |||||||
Total Common Stocks | 871,600 | |||||||
|
| |||||||
Preferred Stocks — 1.09% |
| |||||||
Brazil — 0.56% |
| |||||||
669,195 | Petroleo Brasileiro SA – Preferred (Oil, Gas & Consumable Fuels) | 5,021 | ||||||
|
| |||||||
Germany — 0.53% |
| |||||||
1,254 | Henkel AG & Co. KGAA – Preferred (Household Products) | 130 | ||||||
6,998 | Porsche Automobil Holding SE – Preferred (Automobiles) | 523 | ||||||
20,888 | Volkswagen AG – Preferred (Automobiles) | 4,129 | ||||||
|
| |||||||
4,782 | ||||||||
|
| |||||||
Total Preferred Stocks | 9,803 | |||||||
|
| |||||||
Rights — 0.01% | ||||||||
Spain — 0.00% |
| |||||||
85,263 | Repsol SA (Oil, Gas & Consumable Fuels) (a) | 41 | ||||||
|
|
See accompanying notes to financial statements.
134
HC CAPITAL TRUST
The International Equity Portfolio
Portfolio of Investments (concluded) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Rights (continued) |
| |||||||
United Kingdom — 0.01% |
| |||||||
38,778,828 | Rolls-Royce Holdings PLC (Aerospace & Defense) (a) | $ | 51 | |||||
|
| |||||||
Total Rights | 92 | |||||||
|
| |||||||
Investment Companies — 0.50% |
| |||||||
1,444,711 | Dreyfus Treasury Securities Cash Management, Institutional Shares, 1.44% (c) | 1,445 | ||||||
3,017,677 | State Street Institutional Treasury Plus Money Market Fund, Trust Class, 1.49% (c) | 3,017 | ||||||
|
| |||||||
Total Investment Companies | 4,462 | |||||||
|
| |||||||
Total Investments | 885,957 | |||||||
Other assets in excess of | 13,884 | |||||||
|
| |||||||
Net Assets—100.00% | $ | 899,841 | ||||||
|
|
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) | The rate disclosed is the rate in effect on December 31, 2019. |
ADR — American Depositary Receipt
FDR — Fiduciary Depositary Receipt
REIT — Real Estate Investment Trust
The following table reflects the percentage of total net assets of the Portfolio attributable to each Specialist Manager as of December 31, 2019.
The International Equity Portfolio | Artisan Partners LP | Parametric Portfolio Associates, LLC | Total | |||||||||
Common Stocks | 21.95 | % | 74.91 | % | 96.86 | % | ||||||
Preferred Stocks | 0.56 | % | 0.53 | % | 1.09 | % | ||||||
Rights | — | 0.01 | % | 0.01 | % | |||||||
Investment Companies | — | 0.50 | % | 0.50 | % | |||||||
Other Assets (Liabilities) | 0.79 | % | 0.75 | % | 1.54 | % | ||||||
|
|
|
|
|
| |||||||
Total Net Assets | 23.30 | % | 76.70 | % | 100.00 | % | ||||||
|
|
|
|
|
|
Amounts designated as “—” indicate the Specialist Manager did not manage any holdings in that category.
The following table reflects the open derivative positions held by the Portfolio as of December 31, 2019.
Futures Contracts Purchased^
Description | Number of | Expiration Date | Notional Amount (000) | Value and Unrealized Appreciation/ (Depreciation) (000) | ||||||||||
MSCI EAFE Index Future | 10 | 3/20/20 | $ | 1,018 | $ | 11 | ||||||||
|
|
|
| |||||||||||
$ | 1,018 | $ | 11 | |||||||||||
|
|
|
| |||||||||||
Total Unrealized Appreciation |
| $ | 11 | |||||||||||
Total Unrealized Depreciation |
| — | ||||||||||||
|
| |||||||||||||
Total Net Unrealized Appreciation/(Depreciation) |
| $ | 11 | |||||||||||
|
|
^ | Cash has been pledged as collateral for futures contracts held by the Portfolio. |
Amounts designated as “—” are $0 or have been rounded to $0.
See accompanying notes to financial statements.
135
HC CAPITAL TRUST
The Institutional International Equity Portfolio
Portfolio of Investments — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks — 81.19% | ||||||||
Australia — 3.97% |
| |||||||
43,090 | AGL Energy Ltd. (Multi-Utilities) | $ | 621 | |||||
332,076 | Alumina Ltd. (Metals & Mining) | 536 | ||||||
76,881 | APA Group (Gas Utilities) | 599 | ||||||
41,971 | Appen Ltd. (IT Services) | 661 | ||||||
14,453 | ASX Ltd. (Capital Markets) | 795 | ||||||
257,541 | Aurizon Holdings Ltd. (Road & Rail) | 945 | ||||||
162,969 | AusNet Services (Electric Utilities) | 194 | ||||||
145,334 | Australia & New Zealand Banking Group Ltd. (Banks) | 2,511 | ||||||
349,518 | Beach Energy Ltd. (Oil, Gas & Consumable Fuels) | 616 | ||||||
27,583 | Bendigo & Adelaide Bank Ltd. (Banks) | 189 | ||||||
386,977 | BHP Billiton Ltd. (Metals & Mining) | 10,567 | ||||||
275,350 | BHP Group PLC (Metals & Mining) | 6,480 | ||||||
160,029 | Boral Ltd. (Construction Materials) | 503 | ||||||
17,150 | Challenger Ltd. (Diversified Financial Services) | 97 | ||||||
13,248 | CIMIC Group Ltd. (Construction & Engineering) | 308 | ||||||
80,572 | Coca-Cola Amatil Ltd. (Beverages) | 625 | ||||||
6,620 | Cochlear Ltd. (Health Care Equipment & Supplies) | 1,044 | ||||||
86,471 | Commonwealth Bank of Australia (Banks) | 4,848 | ||||||
57,627 | Crown Resorts Ltd. (Hotels, Restaurants & Leisure) | 486 | ||||||
14,833 | CSL Ltd. (Biotechnology) | 2,870 | ||||||
355,072 | Fortescue Metals Group Ltd. (Metals & Mining) | 2,663 | ||||||
128,729 | GPT Group (Equity Real Estate Investment Trusts) | 506 | ||||||
93,409 | Harvey Norman Holdings Ltd. (Multiline Retail) | 267 | ||||||
39,945 | IDP Education Ltd. (Diversified Consumer Services) | 481 | ||||||
119,495 | Insurance Australia Group Ltd. (Insurance) | 642 | ||||||
10,723 | Macquarie Group Ltd. (Capital Markets) | 1,037 | ||||||
65,456 | Magellan Financial Group Ltd. (Capital Markets) | 2,616 | ||||||
139,989 | National Australia Bank Ltd. (Banks) | 2,419 | ||||||
463,574 | Qantas Airways Ltd. (Airlines) | 2,312 | ||||||
85,759 | Regis Resources Ltd. (Metals & Mining) | 261 | ||||||
48,064 | Rio Tinto Ltd. (Metals & Mining) | 3,386 | ||||||
50,953 | Sandfire Resources NL (Metals & Mining) | 214 | ||||||
413,001 | Santos Ltd. (Oil, Gas & Consumable Fuels) | 2,370 | ||||||
313,076 | Saracen Mineral Holdings Ltd. (Metals & Mining) (a) | 727 | ||||||
350,282 | Scentre Group (Equity Real Estate Investment Trusts) | 941 | ||||||
664,697 | South32 Ltd. (Metals & Mining) | 1,259 | ||||||
173,126 | Stockland (Equity Real Estate Investment Trusts) | 561 | ||||||
64,318 | Suncorp Group Ltd. (Insurance) | 585 | ||||||
43,323 | Super Retail Group Ltd. (Specialty Retail) | 308 | ||||||
267,374 | Tabcorp Holdings Ltd. (Hotels, Restaurants & Leisure) | 849 | ||||||
243,854 | Vicinity Centres (Equity Real Estate Investment Trusts) | 426 | ||||||
131,634 | Wesfarmers Ltd. (Food & Staples Retailing) | 3,823 | ||||||
170,203 | Westpac Banking Corp. (Banks) | 2,894 |
Shares | Security Description | Value (000) | ||||||
Australia (continued) |
| |||||||
122,685 | Woodside Petroleum Ltd. (Oil, Gas & Consumable Fuels) | $ | 2,959 | |||||
18,840 | Woolworths Group Ltd. (Food & Staples Retailing) | 478 | ||||||
|
| |||||||
70,479 | ||||||||
|
| |||||||
Austria — 0.28% |
| |||||||
13,182 | ANDRITZ AG (Machinery) | 568 | ||||||
60,640 | Erste Group Bank AG (Banks) | 2,282 | ||||||
19,717 | OMV AG (Oil, Gas & Consumable Fuels) | 1,108 | ||||||
20,951 | Raiffeisen Bank International AG (Banks) | 526 | ||||||
19,954 | Voestalpine AG (Metals & Mining) | 556 | ||||||
|
| |||||||
5,040 | ||||||||
|
| |||||||
Belgium — 0.33% |
| |||||||
15,009 | Ageas (Insurance) | 887 | ||||||
4,655 | Groupe Bruxelles Lambert SA (Diversified Financial Services) | 491 | ||||||
21,231 | KBC Groep N.V. (Banks) | 1,597 | ||||||
36,484 | Proximus SADP (Diversified Telecommunication Services) | 1,044 | ||||||
16,594 | Solvay SA (Chemicals) | 1,922 | ||||||
|
| |||||||
5,941 | ||||||||
|
| |||||||
Bermuda — 0.02% |
| |||||||
99,000 | Yue Yuen Industrial Holdings Ltd. (Textiles, Apparel & Luxury Goods) | 292 | ||||||
|
| |||||||
Brazil — 0.30% |
| |||||||
328,851 | Petroleo Brasileiro SA, ADR (Oil, Gas & Consumable Fuels) | 5,242 | ||||||
|
| |||||||
Canada — 0.78% |
| |||||||
19,235 | Canadian Imperial Bank of Commerce (Banks) | 1,601 | ||||||
28,372 | Dollarama, Inc. (Multiline Retail) | 975 | ||||||
886,268 | Encana Corp. (Oil, Gas & Consumable Fuels) | 4,151 | ||||||
53,813 | Gildan Activewear, Inc. (Textiles, Apparel & Luxury Goods) | 1,591 | ||||||
140,236 | Manulife Financial Corp. (Insurance) | 2,847 | ||||||
30,800 | TMX Group Ltd. (Capital Markets) | 2,667 | ||||||
|
| |||||||
13,832 | ||||||||
|
| |||||||
China — 1.14% |
| |||||||
14,342 | Alibaba Group Holding Ltd., ADR (Internet & Direct Marketing Retail) (a) | 3,042 | ||||||
48,050 | Baidu, Inc., ADR (Interactive Media & Services) (a) | 6,074 | ||||||
933,123 | China Merchants Holdings (International) Co. Ltd. (Transportation Infrastructure) | 1,578 | ||||||
954,830 | China Mobile Ltd. (Wireless Telecommunication Services) | 8,027 | ||||||
4,900 | Jardine Matheson Holdings Ltd. (Industrial Conglomerates) | 272 | ||||||
330,247 | Sinopharm Group Co. (Health Care Providers & Services) | 1,206 | ||||||
|
| |||||||
20,199 | ||||||||
|
| |||||||
Denmark — 1.74% |
| |||||||
343 | A.P. Moller – Maersk A/S, Class – A (Marine) | 465 | ||||||
10,277 | Carlsberg A/S, Class – B (Beverages) | 1,533 | ||||||
10,082 | Christian Hansen Holding A/S (Chemicals) | 801 | ||||||
14,723 | Coloplast A/S, Class – B (Health Care Equipment & Supplies) | 1,827 |
See accompanying notes to financial statements.
136
HC CAPITAL TRUST
The Institutional International Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Denmark (continued) |
| |||||||
31,590 | Danske Bank A/S (Banks) | $ | 511 | |||||
2,580 | DSV Panalpina A/S (Road & Rail) | 297 | ||||||
26,471 | Genmab A/S (Biotechnology) (a) | 5,888 | ||||||
13,416 | H. Lundbeck A/S (Pharmaceuticals) | 513 | ||||||
18,908 | ISS A/S (Commercial Services & Supplies) | 454 | ||||||
281,946 | Novo Nordisk A/S, Class – B (Pharmaceuticals) | 16,366 | ||||||
13,360 | Pandora A/S (Textiles, Apparel & Luxury Goods) | 581 | ||||||
12,942 | Simcorp A/S (Software) | 1,472 | ||||||
6,012 | Tryg A/S (Insurance) | 178 | ||||||
|
| |||||||
30,886 | ||||||||
|
| |||||||
Finland — 0.50% |
| |||||||
42,407 | Fortum Oyj (Electric Utilities) | 1,046 | ||||||
19,663 | Nokian Renkaat Oyj (Auto Components) | 565 | ||||||
2,996 | Nordea Bank Abp (Banks) | 24 | ||||||
214,605 | Nordea Bank Abp (Banks) | 1,734 | ||||||
26,304 | Sampo Oyj, Class – A (Insurance) | 1,148 | ||||||
80,950 | Stora Enso Oyj, R Shares (Paper & Forest Products) | 1,177 | ||||||
72,818 | UPM-Kymmene Oyj (Paper & Forest Products) | 2,525 | ||||||
63,241 | Wartsila Oyj, Class – B (Machinery) | 699 | ||||||
|
| |||||||
8,918 | ||||||||
|
| |||||||
France — 8.05% |
| |||||||
228,691 | Air France-KLM (Airlines) (a) | 2,546 | ||||||
78,337 | Air Liquide SA (Chemicals) | 11,088 | ||||||
30,921 | Amundi SA (Capital Markets) | 2,424 | ||||||
12,944 | Atos SE (IT Services) | 1,079 | ||||||
100,326 | AXA SA (Insurance) | 2,826 | ||||||
269,709 | BNP Paribas (Banks) | 15,982 | ||||||
30,152 | Bouygues SA (Construction & Engineering) | 1,281 | ||||||
200,046 | Carrefour SA (Food & Staples Retailing) | 3,354 | ||||||
7,587 | Casino Guichard-Perrachon SA (Food & Staples Retailing)^ | 355 | ||||||
9,456 | CNP Assurances (Insurance) | 188 | ||||||
66,008 | Compagnie de Saint-Gobain (Building Products) | 2,702 | ||||||
23,614 | Compagnie Generale des Etablissements Michelin, Class – B (Auto Components) | 2,889 | ||||||
3,418 | Covivio (Equity Real Estate Investment Trusts) | 388 | ||||||
60,854 | Credit Agricole SA (Banks) | 882 | ||||||
41,527 | Danone SA (Food Products) | 3,442 | ||||||
29,492 | Eiffage SA (Construction & Engineering) (b) | 3,374 | ||||||
42,135 | Electricite de France SA (Electric Utilities) | 469 | ||||||
14,418 | Elis SA (Commercial Services & Supplies) | 299 | ||||||
123,549 | ENGIE (Multi-Utilities) | 1,996 | ||||||
22,697 | Eutelsat Communications (Media) | 369 | ||||||
29,714 | Faurecia (Auto Components) | 1,601 | ||||||
3,096 | Gecina SA (Equity Real Estate Investment Trusts) | 554 | ||||||
4,354 | Hermes International (Textiles, Apparel & Luxury Goods) | 3,253 | ||||||
2,672 | Icade (Equity Real Estate Investment Trusts) | 291 | ||||||
18,460 | Ingenico Group SA (Electronic Equipment, Instruments & Components) | 2,004 | ||||||
1,671 | Kering SA (Textiles, Apparel & Luxury Goods) | 1,097 |
Shares | Security Description | Value (000) | ||||||
France (continued) |
| |||||||
14,545 | Klepierre (Equity Real Estate Investment Trusts) | $ | 552 | |||||
10,284 | L’Oreal SA (Personal Products) | 3,045 | ||||||
57,165 | Natixism SA (Capital Markets) | 254 | ||||||
220,062 | Orange SA (Diversified Telecommunication Services) | 3,238 | ||||||
243,108 | Peugeot SA (Automobiles) | 5,808 | ||||||
24,692 | Publicis Groupe (Media) | 1,118 | ||||||
26,615 | Renault SA (Automobiles) | 1,259 | ||||||
14,911 | Safran SA (Aerospace & Defense) | 2,302 | ||||||
116,612 | Sanofi-Aventis (Pharmaceuticals) | 11,722 | ||||||
128,378 | Schneider Electric SA (Electrical Equipment) | 13,175 | ||||||
8,750 | SCOR SE (Insurance) | 367 | ||||||
39,762 | Societe Generale (Banks) | 1,383 | ||||||
24,603 | Suez Environnement Co. (Multi-Utilities) | 372 | ||||||
440,249 | Total SA (Oil, Gas & Consumable Fuels) | 24,294 | ||||||
9,387 | Unibail-Rodamco-Westfield (Equity Real Estate Investment Trusts) | 1,481 | ||||||
32,062 | Valeo SA (Auto Components) | 1,130 | ||||||
36,482 | Veolia Environnement (Multi-Utilities) | 970 | ||||||
35,013 | Vinci SA (Construction & Engineering) | 3,888 | ||||||
|
| |||||||
143,091 | ||||||||
|
| |||||||
Germany — 8.69% |
| |||||||
7,894 | Adidas AG (Textiles, Apparel & Luxury Goods) | 2,566 | ||||||
74,164 | Allianz SE (Insurance) | 18,166 | ||||||
39,209 | Aroundtown SA (Real Estate Management & Development) | 351 | ||||||
209,918 | BASF SE (Chemicals) | 15,857 | ||||||
140,734 | Bayer AG (Pharmaceuticals) | 11,493 | ||||||
28,654 | Bayerische Motoren Werke AG (Automobiles) | 2,351 | ||||||
18,070 | Continental AG (Auto Components) | 2,336 | ||||||
16,449 | Covestro AG (Chemicals) | 765 | ||||||
13,757 | CTS Eventim AG & Co. KGAA (Entertainment) | 865 | ||||||
76,605 | Daimler AG, Registered Shares (Automobiles) | 4,242 | ||||||
106,476 | Deutsche Boerse AG (Capital Markets) | 16,737 | ||||||
21,304 | Deutsche Lufthansa AG, Registered Shares (Airlines) | 392 | ||||||
427,996 | Deutsche Post AG (Air Freight & Logistics) | 16,326 | ||||||
142,142 | Deutsche Telekom AG (Diversified Telecommunication Services) | 2,323 | ||||||
25,934 | Dialog Semiconductor PLC (Semiconductors & Semiconductor Equipment) (a) | 1,312 | ||||||
95,346 | E.ON AG (Multi-Utilities) | 1,019 | ||||||
16,060 | Evonik Industries AG (Chemicals) | 490 | ||||||
13,644 | GEA Group AG (Machinery) | 451 | ||||||
2,138 | Hannover Rueckversicherung AG (Insurance) | 413 | ||||||
12,464 | HeidelbergCement AG (Construction Materials) | 908 | ||||||
2,125 | Hochtief AG (Construction & Engineering) | 271 | ||||||
68,600 | Infineon Technologies AG (Semiconductors & Semiconductor Equipment) | 1,563 | ||||||
17,388 | Metro AG (Food & Staples Retailing) | 280 | ||||||
16,536 | MTU Aero Engines AG (Aerospace & Defense) | 4,722 | ||||||
4,817 | Muenchener Rueckversicherungs-Gesellschaft AG (Insurance) | 1,421 |
See accompanying notes to financial statements.
137
HC CAPITAL TRUST
The Institutional International Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Germany (continued) |
| |||||||
15,653 | Rheinmetall AG (Industrial Conglomerates) | $ | 1,798 | |||||
127,803 | SAP SE (Software) | 17,247 | ||||||
45,730 | Schaeffler AG (Auto Components) | 494 | ||||||
114,529 | Siemens AG (Industrial Conglomerates) | 14,970 | ||||||
16,023 | Siemens Healthineers AG (Health Care Equipment & Supplies) | 770 | ||||||
26,588 | Symrise AG (Chemicals) | 2,797 | ||||||
45,914 | Telefonica Deutschland Holding AG (Diversified Telecommunication Services) | 133 | ||||||
59,888 | TUI AG (Hotels, Restaurants & Leisure) | 757 | ||||||
9,813 | Uniper SE (Independent Power and Renewable Electricity Producers) | 325 | ||||||
2,949 | Volkswagen AG (Automobiles) | 573 | ||||||
21,271 | Vonovia SE (Real Estate Management & Development) | 1,145 | ||||||
47,663 | Wirecard AG (IT Services) | 5,747 | ||||||
|
| |||||||
154,376 | ||||||||
|
| |||||||
Hong Kong — 2.16% |
| |||||||
979,518 | AIA Group Ltd. (Insurance) (b) | 10,282 | ||||||
39,110 | ASM Pacific Technology Ltd. (Semiconductors & Semiconductor Equipment) | 543 | ||||||
178,195 | BOC Hong Kong (Holdings) Ltd. (Banks) | 619 | ||||||
588,000 | China Common Rich Renewable Energy Investment Ltd. (Independent Power and Renewable Electricity Producers) (a) | — | ||||||
227,700 | CK Asset Holdings Ltd. (Real Estate Management & Development) | 1,643 | ||||||
408,410 | CK Hutchison Holdings Ltd. (Industrial Conglomerates) | 3,895 | ||||||
42,500 | CK Infrastructure Holdings Ltd. (Electric Utilities) | 302 | ||||||
102,219 | CLP Holdings Ltd. (Electric Utilities) | 1,075 | ||||||
43,600 | Dairy Farm International Holdings Ltd. (Food & Staples Retailing) | 249 | ||||||
107,000 | Galaxy Entertainment Group Ltd. (Hotels, Restaurants & Leisure) | 788 | ||||||
138,720 | Hang Lung Properties Ltd. (Real Estate Management & Development) | 304 | ||||||
36,839 | Hang Seng Bank Ltd. (Banks) | 761 | ||||||
105,845 | Henderson Land Development Co. Ltd. (Real Estate Management & Development) | 520 | ||||||
186,377 | HK Electric Investments Ltd. (Electric Utilities) | 184 | ||||||
241,550 | HKT Trust & HKT Ltd. (Diversified Telecommunication Services) | 341 | ||||||
74,240 | Hongkong Land Holdings Ltd. (Real Estate Management & Development) | 427 | ||||||
219,500 | Kerry Properties Ltd. (Real Estate Management & Development) | 698 | ||||||
403,240 | New World Development Co. Ltd. (Real Estate Management & Development) | 553 | ||||||
187,000 | NWS Holdings Ltd. (Industrial Conglomerates) | 262 | ||||||
286,000 | PCCW Ltd. (Diversified Telecommunication Services) | 169 | ||||||
88,868 | Power Assets Holdings Ltd. (Electric Utilities) | 650 | ||||||
806,660 | Sands China Ltd. (Hotels, Restaurants & Leisure) | 4,312 |
Shares | Security Description | Value (000) | ||||||
Hong Kong (continued) |
| |||||||
213,429 | Sino Land Co. Ltd. (Real Estate Management & Development) | $ | 310 | |||||
96,860 | Sun Hung Kai Properties Ltd. (Real Estate Management & Development) | 1,482 | ||||||
31,430 | Swire Pacific Ltd., Class – A (Real Estate Management & Development) | 292 | ||||||
73,800 | Swire Properties Ltd. (Real Estate Management & Development) | 245 | ||||||
134,086 | The Link Real Estate Investment Trust (Equity Real Estate Investment Trusts) | 1,420 | ||||||
2,950,500 | WH Group Ltd. (Food Products) | 3,048 | ||||||
75,000 | Wharf Real Estate Investment Co. Ltd. (Real Estate Management & Development) | 458 | ||||||
55,880 | Wheelock & Co. Ltd. (Real Estate Management & Development) | 373 | ||||||
913,600 | Wynn Macau Ltd. (Hotels, Restaurants & Leisure) | 2,251 | ||||||
|
| |||||||
38,456 | ||||||||
|
| |||||||
Ireland (Republic of) — 1.11% |
| |||||||
19,125 | AIB Group PLC (Banks) | 67 | ||||||
167,572 | Amarin Corp. PLC, ADR (Biotechnology) (a) | 3,593 | ||||||
25,550 | Bank of Ireland Group PLC (Banks) | 140 | ||||||
44,507 | CRH PLC (Construction Materials) | 1,781 | ||||||
17,401 | Experian PLC (Professional Services) | 588 | ||||||
4,561 | Flutter Entertainment PLC (Hotels, Restaurants & Leisure) | 554 | ||||||
27,393 | Fly Leasing Ltd., ADR (Trading Companies & Distributors) (a) | 537 | ||||||
64,302 | Medtronic PLC (Health Care Equipment & Supplies) | 7,295 | ||||||
53,478 | Ryanair Holdings PLC, ADR (Airlines) (a) | 4,685 | ||||||
13,070 | Smurfit Kappa Group PLC (Containers & Packaging) | 502 | ||||||
|
| |||||||
19,742 | ||||||||
|
| |||||||
Israel — 0.38% |
| |||||||
3,221 | Azrieli Group (Real Estate Management & Development) | 236 | ||||||
23,924 | Bank Hapoalim BM (Banks) | 199 | ||||||
89,881 | Bank Leumi Le (Banks) | 655 | ||||||
8,100 | CyberArk Software Ltd. (Software) (a) | 944 | ||||||
207,153 | Israel Chemicals Ltd. (Chemicals) | 975 | ||||||
324,647 | Israel Discount Bank, Class – A (Banks) | 1,505 | ||||||
2,943 | Mizrahi Tefahot Bank Ltd. (Banks) | 78 | ||||||
14,008 | Nice Systems Ltd., ADR (Software) (a) | 2,174 | ||||||
|
| |||||||
6,766 | ||||||||
|
| |||||||
Italy — 2.40% |
| |||||||
258,902 | Assicurazioni Generali SpA (Insurance) | 5,342 | ||||||
47,065 | Atlantia SpA (Transportation Infrastructure) | 1,097 | ||||||
8,798 | Banca Generali SpA (Capital Markets) | 286 | ||||||
1,278,892 | Enel SpA (Electric Utilities) | 10,144 | ||||||
240,492 | Eni SpA (Oil, Gas & Consumable Fuels) | 3,734 | ||||||
52,147 | Fiat Chrysler Automobiles N.V. (Automobiles) | 772 | ||||||
2,344,211 | Intesa Sanpaolo SpA (Banks) | 6,175 | ||||||
23,909 | Mediobanca SpA (Banks) | 263 | ||||||
142,026 | Poste Italiane SpA (Insurance) | 1,612 | ||||||
212,659 | Snam SpA (Oil, Gas & Consumable Fuels) | 1,118 |
See accompanying notes to financial statements.
138
HC CAPITAL TRUST
The Institutional International Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Italy (continued) |
| |||||||
322,255 | Telecom Italia SpA (Diversified Telecommunication Services) | $ | 197 | |||||
74,104 | Terna – Rete Elettrica Nazionale SpA (Electric Utilities) | 495 | ||||||
785,748 | Unicredit SpA (Banks) | 11,475 | ||||||
|
| |||||||
42,710 | ||||||||
|
| |||||||
Japan — 16.21% |
| |||||||
24,600 | Advantest Corp. (Semiconductors & Semiconductor Equipment) | 1,395 | ||||||
5,400 | AEON Credit Service Co. Ltd. (Consumer Finance) | 86 | ||||||
5,900 | AEON Mall Co. Ltd. (Real Estate Management & Development) | 105 | ||||||
18,800 | Aisin Seiki Co. Ltd. (Auto Components) | 704 | ||||||
23,300 | ALPS Alpine Co. Ltd. (Electronic Equipment, Instruments & Components) | 534 | ||||||
37,200 | Amada Holdings Co. Ltd. (Machinery) | 428 | ||||||
5,900 | Aozora Bank Ltd. (Banks) | 157 | ||||||
21,265 | Asahi Glass Co. Ltd. (Building Products)^ | 769 | ||||||
138,710 | Asahi Kasei Corp. (Chemicals) | 1,576 | ||||||
216,090 | Astellas Pharma, Inc. (Pharmaceuticals) | 3,720 | ||||||
66,260 | Bridgestone Corp. (Auto Components)^ | 2,483 | ||||||
26,000 | Brother Industries Ltd. (Technology Hardware, Storage & Peripherals) | 544 | ||||||
113,347 | Canon, Inc. (Technology Hardware, Storage & Peripherals)^ | 3,116 | ||||||
25,240 | Casio Computer Co. Ltd. (Household Durables) | 509 | ||||||
36,400 | Chubu Electric Power Co. Inc. (Electric Utilities) | 516 | ||||||
12,200 | Chugai Pharmaceutical Co. Ltd. (Pharmaceuticals) | 1,132 | ||||||
38,100 | Coca-Cola Bottlers Japan Holdings, Inc. (Beverages)^ | 979 | ||||||
52,400 | Concordia Financial Group Ltd. (Banks) | 218 | ||||||
6,100 | Credit Saison Co. Ltd. (Consumer Finance) | 107 | ||||||
28,539 | Dai Nippon Printing Co. Ltd. (Commercial Services & Supplies) | 777 | ||||||
32,800 | Daicel Corp. (Chemicals) | 317 | ||||||
4,600 | Daikin Industries Ltd. (Building Products) | 654 | ||||||
20,647 | Daito Trust Construction Co. Ltd. (Real Estate Management & Development) | 2,562 | ||||||
199,730 | Daiwa House Industry Co. Ltd. (Real Estate Management & Development) | 6,232 | ||||||
110 | Daiwa House REIT Investment Corp. (Equity Real Estate Investment Trusts) | 287 | ||||||
44 | Daiwa Office Investment Corp. (Equity Real Estate Investment Trusts) | 338 | ||||||
52,100 | Daiwa Securities Group, Inc. (Capital Markets) | 265 | ||||||
49,600 | Denso Corp. (Auto Components) | 2,267 | ||||||
12,770 | Dentsu Group, Inc. (Media) | 444 | ||||||
15,800 | Dip Corp. (Interactive Media & Services) | 470 | ||||||
39,000 | DMG Mori Co. Ltd. (Machinery)^ | 607 | ||||||
74,100 | East Japan Railway Co. (Road & Rail) | 6,723 | ||||||
28,240 | Eisai Co. Ltd. (Pharmaceuticals) | 2,133 | ||||||
10,000 | Electric Power Development Co. Ltd. (Independent Power and Renewable Electricity Producers) | 244 | ||||||
43,400 | Fanuc Ltd. (Machinery) | 8,121 |
Shares | Security Description | Value (000) | ||||||
Japan (continued) |
| |||||||
72,710 | FUJIFILM Holdings Corp. (Technology Hardware, Storage & Peripherals) | $ | 3,500 | |||||
22,850 | Fujitsu Ltd. (IT Services) | 2,160 | ||||||
68,800 | Fukuoka Financial Group, Inc. (Banks) | 1,333 | ||||||
13,900 | Fullcast Holdings Co. Ltd. (Professional Services) | 319 | ||||||
3,700 | Goldcrest Co. Ltd. (Real Estate Management & Development) | 71 | ||||||
24,400 | GS Yuasa Corp. (Electrical Equipment) | 531 | ||||||
34,200 | Hino Motors Ltd. (Machinery) | 366 | ||||||
3,880 | Hirose Electric Co. Ltd. (Electronic Equipment, Instruments & Components) | 501 | ||||||
13,400 | Hitachi Construction Machinery Co. Ltd. (Machinery) | 405 | ||||||
7,900 | Hitachi High-Technologies Corp. (Electronic Equipment, Instruments & Components) | 563 | ||||||
145,980 | Hitachi Ltd. (Electronic Equipment, Instruments & Components) | 6,216 | ||||||
186,954 | Honda Motor Co. Ltd. (Automobiles) | 5,333 | ||||||
11,800 | HOYA Corp. (Health Care Equipment & Supplies) | 1,135 | ||||||
18,300 | Hulic Co. Ltd. (Real Estate Management & Development) | 222 | ||||||
22,659 | Idemitsu Kosan Co. Ltd. (Oil, Gas & Consumable Fuels) | 632 | ||||||
17,160 | IHI Corp. (Machinery) | 407 | ||||||
19,100 | Iida Group Holdings Co. Ltd. (Household Durables) | 337 | ||||||
63,970 | Isuzu Motors Ltd. (Automobiles) | 765 | ||||||
153,858 | ITOCHU Corp. (Trading Companies & Distributors) | 3,589 | ||||||
31,000 | J. Front Retailing Co. Ltd. (Multiline Retail) | 437 | ||||||
13,000 | Japan Airlines Co. Ltd. (Airlines) | 406 | ||||||
15,900 | Japan Exchange Group, Inc. (Capital Markets) | 282 | ||||||
22,000 | Japan Post Bank Co. Ltd. (Banks) | 213 | ||||||
437,060 | Japan Post Holdings Co. Ltd. (Insurance) | 4,128 | ||||||
47 | Japan Prime Realty Investment Corp. (Equity Real Estate Investment Trusts) | 206 | ||||||
76 | Japan Real Estate Investment Corp. (Equity Real Estate Investment Trusts) | 504 | ||||||
168 | Japan Retail Fund Investment Corp. (Equity Real Estate Investment Trusts) | 361 | ||||||
211,727 | Japan Tobacco, Inc. (Tobacco)^ | 4,741 | ||||||
52,700 | JFE Holdings, Inc. (Metals & Mining) | 684 | ||||||
21,433 | JSR Corp. (Chemicals) | 397 | ||||||
26,600 | JTEKT Corp. (Machinery) | 319 | ||||||
363,678 | JXTG Holdings, Inc. (Oil, Gas & Consumable Fuels) | 1,667 | ||||||
51,000 | Kajima Corp. (Construction & Engineering) | 684 | ||||||
16,800 | Kawasaki Heavy Industries Ltd. (Machinery) | 372 | ||||||
315,300 | KDDI Corp. (Wireless Telecommunication Services) | 9,440 | ||||||
94,710 | Kirin Holdings Co. Ltd., Class – C (Beverages) | 2,083 | ||||||
103,990 | Komatsu Ltd. (Machinery) | 2,528 | ||||||
54,400 | Konica Minolta, Inc. (Technology Hardware, Storage & Peripherals) | 357 | ||||||
36,349 | Kuraray Co. Ltd. (Chemicals) | 445 | ||||||
9,600 | Kureha Corp. (Chemicals) | 581 |
See accompanying notes to financial statements.
139
HC CAPITAL TRUST
The Institutional International Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Japan (continued) |
| |||||||
36,120 | Kyocera Corp. (Electronic Equipment, Instruments & Components) | $ | 2,487 | |||||
23,400 | Kyushu Electric Power Co., Inc. (Electric Utilities) | 204 | ||||||
18,550 | Kyushu Railway Co. (Road & Rail) | 623 | ||||||
7,726 | Lawson, Inc. (Food & Staples Retailing) | 440 | ||||||
31,145 | LIXIL Group Corp. (Building Products) | 542 | ||||||
177,671 | Marubeni Corp. (Trading Companies & Distributors) | 1,326 | ||||||
6,477 | Maruichi Steel Tube Ltd. (Metals & Mining) | 184 | ||||||
65,550 | Mazda Motor Corp. (Automobiles) | 566 | ||||||
46,200 | Mebuki Financial Group, Inc. (Banks) | 119 | ||||||
148,610 | Mitsubishi Chemical Holdings Corp. (Chemicals) | 1,118 | ||||||
152,940 | Mitsubishi Corp. (Trading Companies & Distributors) | 4,083 | ||||||
206,990 | Mitsubishi Electric Corp. (Electrical Equipment) | 2,855 | ||||||
20,700 | Mitsubishi Gas Chemical Co., Inc. (Chemicals) | 319 | ||||||
157,297 | Mitsubishi Heavy Industries Ltd. (Machinery) | 6,150 | ||||||
13,800 | Mitsubishi Materials Corp. (Metals & Mining) | 378 | ||||||
78,140 | Mitsubishi Motors Corp. (Automobiles) | 329 | ||||||
951,282 | Mitsubishi UFJ Financial Group, Inc. (Banks) | 5,194 | ||||||
13,800 | Mitsubishi UFJ Lease & Finance Co. Ltd. (Diversified Financial Services) | 90 | ||||||
187,266 | Mitsui & Co. Ltd. (Trading Companies & Distributors) | 3,354 | ||||||
20,850 | Mitsui Chemicals, Inc. (Chemicals) | 514 | ||||||
1,029,422 | Mizuho Financial Group, Inc. (Banks) | 1,595 | ||||||
19,800 | MS&AD Insurance Group Holdings, Inc. (Insurance) | 658 | ||||||
88,300 | Murata Manufacturing Co. Ltd. (Electronic Equipment, Instruments & Components) | 5,483 | ||||||
13,100 | Nabtesco Corp. (Machinery) | 394 | ||||||
28,630 | NEC Corp. (Technology Hardware, Storage & Peripherals) | 1,191 | ||||||
29,500 | NGK Insulators Ltd. (Machinery) | 517 | ||||||
18,260 | NGK Spark Plug Co. Ltd. (Auto Components) | 359 | ||||||
27,100 | Nikkiso Co. Ltd. (Health Care Equipment & Supplies) | 359 | ||||||
39,300 | Nikon Corp. (Household Durables) | 486 | ||||||
2,100 | Nintendo Co. Ltd. (Entertainment) | 850 | ||||||
73 | Nippon Building Fund, Inc. (Equity Real Estate Investment Trusts) | 535 | ||||||
9,000 | Nippon Express Co. Ltd. (Road & Rail) | 532 | ||||||
113 | Nippon Prologis REIT, Inc. (Equity Real Estate Investment Trusts) | 287 | ||||||
61,000 | Nippon Shinyaku Co. Ltd. (Pharmaceuticals) | 5,316 | ||||||
91,520 | Nippon Steel Corp. (Metals & Mining) | 1,394 | ||||||
73,240 | Nippon Telegraph & Telephone Corp. (Diversified Telecommunication Services) | 1,859 | ||||||
260,339 | Nissan Motor Co. Ltd. (Automobiles) | 1,524 | ||||||
17,760 | Nitto Denko Corp. (Chemicals) | 1,010 | ||||||
96,700 | Nomura Holdings, Inc. (Capital Markets) | 502 | ||||||
23,200 | Nomura Real Estate Holdings, Inc. (Real Estate Management & Development) | 560 | ||||||
232 | Nomura Real Estate Master Fund, Inc. (Equity Real Estate Investment Trusts) | 396 |
Shares | Security Description | Value (000) | ||||||
Japan (continued) |
| |||||||
41,020 | Nomura Research Institute Ltd. (IT Services) | $ | 883 | |||||
12,700 | NS Solutions Corp. (IT Services) | 421 | ||||||
45,200 | NSK Ltd. (Machinery) | 433 | ||||||
282,950 | NTT DoCoMo, Inc. (Wireless Telecommunication Services) | 7,912 | ||||||
75,700 | Obayashi Corp. (Construction & Engineering) | 848 | ||||||
100,000 | Oji Paper Co. Ltd. (Paper & Forest Products) | 548 | ||||||
21,600 | OMRON Corp. (Electronic Equipment, Instruments & Components) | 1,276 | ||||||
7,700 | Oracle Corp. Japan (Software) | 705 | ||||||
253,600 | ORIX Corp. (Diversified Financial Services) | 4,227 | ||||||
22,045 | Osaka Gas Co. Ltd. (Gas Utilities) | 424 | ||||||
8,300 | OTSUKA Corp. (IT Services) | 334 | ||||||
255,700 | Panasonic Corp. (Household Durables) | 2,424 | ||||||
14,400 | Park24 Co. Ltd. (Commercial Services & Supplies) | 354 | ||||||
10,100 | Pola Orbis Holdings, Inc. (Personal Products)^ | 243 | ||||||
40,478 | Recruit Holdings Co. Ltd. (Professional Services) (b) | 1,527 | ||||||
97,085 | Resona Holdings, Inc. (Banks) | 428 | ||||||
78,300 | Ricoh Co. Ltd. (Technology Hardware, Storage & Peripherals) | 859 | ||||||
10,470 | Rohm Co. Ltd. (Semiconductors & Semiconductor Equipment) | 846 | ||||||
7,404 | Sankyo Co. Ltd. (Leisure Products) | 247 | ||||||
6,900 | SBI Holdings, Inc. (Capital Markets) | 147 | ||||||
22,800 | Sega Sammy Holdings, Inc. (Leisure Products) | 332 | ||||||
30,869 | Seiko Epson Corp. (Technology Hardware, Storage & Peripherals) | 470 | ||||||
23,600 | Seino Holdings Co. Ltd. (Road & Rail) | 321 | ||||||
41,200 | Sekisui Chemical Co. Ltd. (Household Durables) | 722 | ||||||
70,625 | Sekisui House Ltd. (Household Durables) | 1,517 | ||||||
162,630 | Seven & I Holdings Co. Ltd. (Food & Staples Retailing) | 5,993 | ||||||
29,500 | Seven Bank Ltd. (Banks) | 97 | ||||||
49,985 | Shin-Etsu Chemical Co. Ltd. (Chemicals) | 5,550 | ||||||
9,200 | Shionogi & Co. Ltd. (Pharmaceuticals) | 573 | ||||||
32,900 | Showa Denko KK (Chemicals) | 878 | ||||||
95,854 | Softbank Corp. (Wireless Telecommunication Services) | 1,288 | ||||||
31,400 | SoftBank Group Corp. (Wireless Telecommunication Services) | 1,375 | ||||||
63,360 | Sompo Holdings, Inc. (Insurance) | 2,507 | ||||||
10,500 | Sony Financial Holdings, Inc. (Insurance) | 254 | ||||||
70,354 | Subaru Corp. (Automobiles) | 1,757 | ||||||
173,460 | Sumitomo Chemical Co. Ltd. (Chemicals) | 795 | ||||||
135,340 | Sumitomo Corp. (Trading Companies & Distributors) | 2,023 | ||||||
84,020 | Sumitomo Electric Industries Ltd. (Auto Components) | 1,278 | ||||||
22,900 | Sumitomo Heavy Industries Ltd. (Machinery) | 660 | ||||||
172,003 | Sumitomo Mitsui Financial Group, Inc. (Banks) | 6,394 | ||||||
35,200 | Sumitomo Mitsui Trust Holdings, Inc. (Banks) | 1,405 | ||||||
23,431 | Sumitomo Rubber Industries Ltd. (Auto Components) | 288 | ||||||
28,300 | T&D Holdings, Inc. (Insurance) | 363 | ||||||
23,350 | Taisei Corp. (Construction & Engineering) | 978 |
See accompanying notes to financial statements.
140
HC CAPITAL TRUST
The Institutional International Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Japan (continued) |
| |||||||
204,500 | Taiyo Nippon Sanso Corp. (Chemicals) | $ | 4,570 | |||||
428,945 | Takeda Pharmaceutical Co. Ltd. (Pharmaceuticals) | 17,103 | ||||||
13,900 | TDK Corp. (Electronic Equipment, Instruments & Components) | 1,585 | ||||||
21,150 | Teijin Ltd. (Chemicals) | 398 | ||||||
26,800 | The Chiba Bank Ltd. (Banks) | 156 | ||||||
20,900 | The Chugoku Electric Power Company, Inc. (Electric Utilities) | 275 | ||||||
286,400 | The Dai-ichi Life Insurance Co. Ltd. (Insurance) | 4,790 | ||||||
41,910 | The Kansai Electric Power Co., Inc. (Electric Utilities) | 488 | ||||||
27,500 | The Shizuoka Bank Ltd. (Banks) | 207 | ||||||
15,000 | The Yokohama Rubber Co. Ltd. (Auto Components) | 294 | ||||||
13,900 | THK Co. Ltd. (Machinery) | 380 | ||||||
27,100 | Tohoku Electric Power Co., Inc. (Electric Utilities) | 270 | ||||||
32,240 | Tokio Marine Holdings, Inc. (Insurance) | 1,816 | ||||||
1,200 | Tokyo Century Corp. (Diversified Financial Services) | 65 | ||||||
29,260 | Tokyo Electron Ltd. (Semiconductors & Semiconductor Equipment) | 6,443 | ||||||
37,600 | Tokyo Fudosan Holdings Corp. (Real Estate Management & Development) | 261 | ||||||
22,300 | Tokyo Gas Co. Ltd. (Gas Utilities) | 545 | ||||||
81,300 | Tokyu Construction Co. Ltd. (Construction & Engineering) | 584 | ||||||
30,300 | Tosoh Corp. (Chemicals) | 473 | ||||||
8,200 | Toyoda Gosei Co. Ltd. (Auto Components) | 207 | ||||||
16,400 | Toyota Industries Corp. (Auto Components) | 956 | ||||||
137,020 | Toyota Motor Corp. (Automobiles) | 9,729 | ||||||
24,000 | Toyota Tsusho Corp. (Trading Companies & Distributors) | 853 | ||||||
14,500 | Trend Micro, Inc. (Software) | 748 | ||||||
4,500 | Tri Chemical Laboratories, Inc. (Semiconductors & Semiconductor Equipment)^ | 355 | ||||||
173 | United Urban Investment Corp. (Equity Real Estate Investment Trusts) | 324 | ||||||
25,500 | USS Co. Ltd. (Specialty Retail) | 485 | ||||||
8,200 | West Japan Railway Co. (Road & Rail) | 713 | ||||||
75,200 | Yamada Denki Co. Ltd. (Specialty Retail) | 400 | ||||||
33,300 | Yamaha Motor Co. Ltd. (Automobiles) | 675 | ||||||
27,400 | Yokogawa Electric Corp. (Electronic Equipment, Instruments & Components) | 487 | ||||||
287,700 | Z Holdings Corp. (Interactive Media & Services) | 1,221 | ||||||
|
| |||||||
288,181 | ||||||||
|
| |||||||
Jersey — 0.38% |
| |||||||
1,436,129 | Glencore International PLC (Metals & Mining) | 4,476 | ||||||
155,531 | WPP PLC (Media) | 2,197 | ||||||
|
| |||||||
6,673 | ||||||||
|
| |||||||
Luxembourg — 0.07% |
| |||||||
14,850 | ArcelorMittal SA (Metals & Mining) | 261 |
Shares | Security Description | Value (000) | ||||||
Luxembourg (continued) |
| |||||||
6,751 | Millicom International Cellular SA (Wireless Telecommunication Services) | $ | 323 | |||||
43,110 | SES – FDR, Class – A (Media) | 604 | ||||||
|
| |||||||
1,188 | ||||||||
|
| |||||||
Netherlands — 2.63% |
| |||||||
17,988 | ABN AMRO Group N.V. (Banks) | 327 | ||||||
2,595 | Adyen N.V. (IT Services) (a)(b) | 2,128 | ||||||
76,340 | AEGON N.V. (Insurance) | 348 | ||||||
71,659 | Airbus SE (Aerospace & Defense) | 10,487 | ||||||
40,838 | Akzo Nobel N.V. (Chemicals) | 4,151 | ||||||
23,758 | Exor N.V. (Diversified Financial Services) | 1,841 | ||||||
1,130,017 | ING Groep N.V. (Banks) | 13,546 | ||||||
194,031 | Koninklijke (Royal) KPN N.V. (Diversified Telecommunication Services) | 573 | ||||||
193,430 | Koninklijke Ahold Delhaize N.V. (Food & Staples Retailing) | 4,837 | ||||||
24,396 | Koninklijke DSM N.V. (Chemicals) | 3,177 | ||||||
13,171 | NN Group N.V. (Insurance) | 500 | ||||||
12,929 | Randstad N.V. (Professional Services) | 789 | ||||||
9,139 | Signify NV (Electrical Equipment) | 286 | ||||||
35,724 | STMicroelectronics N.V. (Semiconductors & Semiconductor Equipment) | 960 | ||||||
38,569 | Wolters Kluwer N.V. (Professional Services) | 2,813 | ||||||
|
| |||||||
46,763 | ||||||||
|
| |||||||
New Zealand — 0.02% |
| |||||||
11,184 | Auckland International Airport Ltd. (Transportation Infrastructure) | 66 | ||||||
23,336 | Meridian Energy Ltd. (Independent Power and Renewable Electricity Producers) | 79 | ||||||
59,234 | Spark New Zealand Ltd. (Diversified Telecommunication Services) | 172 | ||||||
|
| |||||||
317 | ||||||||
|
| |||||||
Norway — 0.36% |
| |||||||
31,154 | Aker BP ASA (Oil, Gas & Consumable Fuels) | 1,022 | ||||||
46,071 | DNB ASA (Banks) | 861 | ||||||
103,552 | Equinor ASA (Oil, Gas & Consumable Fuels) | 2,071 | ||||||
48,535 | Mowi ASA (Food Products) | 1,262 | ||||||
45,728 | Telenor ASA (Diversified Telecommunication Services) | 820 | ||||||
13,853 | TGS Nopec Geophysical Co. ASA (Energy Equipment & Services) | 422 | ||||||
|
| |||||||
6,458 | ||||||||
|
| |||||||
Portugal — 0.14% |
| |||||||
326,777 | EDP – Energias de Portugal SA (Electric Utilities) | 1,417 | ||||||
60,637 | Galp Energia SGPS SA, B Shares (Oil, Gas & Consumable Fuels) | 1,013 | ||||||
|
| |||||||
2,430 | ||||||||
|
| |||||||
Singapore — 1.03% |
| |||||||
612,700 | Ascendas Real Estate Investment Trust (Equity Real Estate Investment Trusts) | 1,353 | ||||||
651,239 | CapitaLand Commercial Trust (Equity Real Estate Investment Trusts) | 964 | ||||||
622,490 | CapitaMall Trust (Equity Real Estate Investment Trusts) | 1,139 | ||||||
829,800 | China Sunsine Chemical Holdings Ltd. (Chemicals) | 318 |
See accompanying notes to financial statements.
141
HC CAPITAL TRUST
The Institutional International Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Singapore (continued) |
| |||||||
660,570 | ComfortDelGro Corp. Ltd. (Road & Rail) | $ | 1,169 | |||||
252,900 | DBS Group Holdings Ltd. (Banks) | 4,867 | ||||||
11,600 | Jardine Cycle & Carriage Ltd. (Distributors) | 260 | ||||||
422,667 | Singapore Press Holdings Ltd. (Media) | 685 | ||||||
1,697,140 | Singapore Telecommunications Ltd. (Diversified Telecommunication Services) | 4,254 | ||||||
459,480 | Suntec REIT (Equity Real Estate Investment Trusts) | 629 | ||||||
14,300 | United Overseas Bank Ltd. (Banks) | 281 | ||||||
88,300 | Venture Corp. Ltd. (Electronic Equipment, Instruments & Components) | 1,064 | ||||||
1,521,000 | Yangzijiang Shipbuilding Holdings Ltd. (Machinery) | 1,267 | ||||||
|
| |||||||
18,250 | ||||||||
|
| |||||||
South Korea — 0.79% |
| |||||||
156,446 | Samsung Electronics Co. Ltd. (Technology Hardware, Storage & Peripherals) | 7,550 | ||||||
7,603 | SK Innovation Co. Ltd. (Oil, Gas & Consumable Fuels) | 986 | ||||||
26,609 | SK Telecom Co. Ltd. (Wireless Telecommunication Services) | 5,477 | ||||||
|
| |||||||
14,013 | ||||||||
|
| |||||||
Spain — 1.70% |
| |||||||
34,086 | ACS Actividades de Construccion y Servicios SA (Construction & Engineering) | 1,363 | ||||||
14,676 | Amadeus IT Holding SA, A Shares (IT Services) | 1,198 | ||||||
705,453 | Banco Bilbao Vizcaya Argentaria SA (Banks) | 3,943 | ||||||
873,790 | Banco Santander SA (Banks) | 3,656 | ||||||
62,704 | Bankia SA (Banks) | 134 | ||||||
34,050 | Bankinter SA (Banks) | 249 | ||||||
1,072,879 | CaixaBank SA (Banks) | 3,367 | ||||||
70,757 | Corporacion Mapfre (Insurance)^ | 187 | ||||||
34,824 | Enagas (Oil, Gas & Consumable Fuels) | 888 | ||||||
22,606 | Endesa (Electric Utilities) | 603 | ||||||
23,174 | Gas Natural SDG SA (Gas Utilities) | 582 | ||||||
552,487 | Iberdrola SA (Electric Utilities) | 5,689 | ||||||
68,464 | Industria de Diseno Textil SA (Specialty Retail) | 2,415 | ||||||
32,126 | Red Electrica Corp. (Electric Utilities) | 646 | ||||||
186,381 | Repsol SA (Oil, Gas & Consumable Fuels) | 2,912 | ||||||
333,775 | Telefonica SA (Diversified Telecommunication Services) | 2,331 | ||||||
|
| |||||||
30,163 | ||||||||
|
| |||||||
Sweden — 1.55% |
| |||||||
12,845 | Axfood AB (Food & Staples Retailing) | 286 | ||||||
48,759 | Boliden AB (Metals & Mining) | 1,294 | ||||||
45,883 | Electrolux AB, B Shares (Household Durables) | 1,127 | ||||||
27,468 | Evolution Gaming Group AB (Hotels, Restaurants & Leisure) | 827 | ||||||
234,412 | Hennes & Mauritz AB, B Shares (Specialty Retail) | 4,769 | ||||||
73,560 | Husqvarna AB (Household Durables) | 589 | ||||||
11,100 | Kinnevik AB, B (Diversified Financial Services) | 271 | ||||||
33,310 | Lundin Petroleum AB (Oil, Gas & Consumable Fuels) | 1,132 |
Shares | Security Description | Value (000) | ||||||
Sweden (continued) |
| |||||||
296,539 | Skandinaviska Enskilda Banken AB, Class – A (Banks) | $ | 2,790 | |||||
60,420 | Skanska AB, B Shares (Construction & Engineering) | 1,366 | ||||||
134,664 | SKF AB, B Shares (Machinery) | 2,724 | ||||||
105,435 | Svenska Handelsbanken AB, A Shares (Banks) | 1,136 | ||||||
64,214 | Swedbank AB, A Shares (Banks) | 956 | ||||||
46,945 | Tele2 AB, B Shares (Wireless Telecommunication Services) | 681 | ||||||
258,681 | Telia Co. AB (Diversified Telecommunication Services) | 1,112 | ||||||
389,465 | Volvo AB, B Shares (Machinery) | 6,527 | ||||||
|
| |||||||
27,587 | ||||||||
|
| |||||||
Switzerland — 7.53% |
| |||||||
638,761 | ABB Ltd., Registered Shares (Electrical Equipment) | 15,427 | ||||||
27,554 | Adecco SA, Registered Shares (Professional Services) | 1,743 | ||||||
3,549 | Baloise Holding AG, Registered Shares (Insurance) | 642 | ||||||
34,849 | Clariant AG (Chemicals) | 778 | ||||||
15,411 | Compagnie Financiere Richemont SA, Registered Shares (Textiles, Apparel & Luxury Goods) | 1,211 | ||||||
7,484 | Dufry AG (Specialty Retail) | 743 | ||||||
1,450 | EMS-Chemie Holding AG, Registered Shares (Chemicals) | 954 | ||||||
1,348 | Geberit AG (Building Products) | 757 | ||||||
46,357 | Idorsia Ltd. (Biotechnology) (a)(b) | 1,434 | ||||||
9,946 | Julius Baer Group Ltd. (Capital Markets) | 513 | ||||||
9,555 | Kuehne & Nagel International Ltd. (Marine) | 1,612 | ||||||
84,723 | LafargeHolcim Ltd., Registered Shares (Construction Materials) | 4,702 | ||||||
11,311 | Lonza Group AG (Life Sciences Tools & Services) | 4,129 | ||||||
133,566 | Nestle SA (Food Products) | 14,464 | ||||||
306,923 | Novartis AG, Registered Shares (Pharmaceuticals) | 29,150 | ||||||
1,675 | Pargesa Holding SA (Diversified Financial Services) | 139 | ||||||
3,361 | Partners Group Holding AG (Capital Markets) | 3,083 | ||||||
95,176 | Roche Holding AG (Pharmaceuticals) | 30,886 | ||||||
937 | SGS SA, Registered Shares (Professional Services) | 2,568 | ||||||
2,301 | Swiss Life Holding AG (Insurance) | 1,155 | ||||||
6,782 | Swiss Prime Site AG (Real Estate Management & Development) | 784 | ||||||
20,529 | Swiss Re AG (Insurance) | 2,306 | ||||||
2,274 | Swisscom AG (Diversified Telecommunication Services) | 1,205 | ||||||
8,341 | The Swatch Group AG (Textiles, Apparel & Luxury Goods) | 441 | ||||||
5,168 | The Swatch Group AG, B Shares (Textiles, Apparel & Luxury Goods) | 1,442 | ||||||
556,305 | UBS Group AG (Capital Markets) | 7,028 | ||||||
9,101 | Wizz Air Holdings PLC (Airlines) (a) | 469 | ||||||
9,791 | Zurich Financial Services AG (Insurance) | 4,019 | ||||||
|
| |||||||
133,784 | ||||||||
|
|
See accompanying notes to financial statements.
142
HC CAPITAL TRUST
The Institutional International Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
United Kingdom — 16.07% |
| |||||||
11,627 | Admiral Group PLC (Insurance) | $ | 356 | |||||
203,087 | Anglo American PLC (Metals & Mining) | 5,844 | ||||||
42,005 | Aon PLC (Insurance) | 8,749 | ||||||
85,148 | Associated British Foods PLC (Food Products) | 2,930 | ||||||
50,175 | AstraZeneca PLC (Pharmaceuticals) | 5,055 | ||||||
158,158 | Auto Trader Group PLC (Interactive Media & Services) | 1,245 | ||||||
112,000 | Avast PLC (Software) | 672 | ||||||
54,032 | Aveva Group PLC (Software) | 3,331 | ||||||
900,951 | Aviva PLC (Insurance) | 4,996 | ||||||
962,376 | Balfour Beatty PLC (Construction & Engineering) | 3,332 | ||||||
3,893,858 | Barclays PLC (Banks) | 9,264 | ||||||
138,950 | Barratt Developments PLC (Household Durables) | 1,374 | ||||||
2,578,843 | BP PLC (Oil, Gas & Consumable Fuels) | 16,107 | ||||||
440,876 | British American Tobacco PLC (Tobacco) | 18,869 | ||||||
66,318 | British Land Co. PLC (Equity Real Estate Investment Trusts) | 561 | ||||||
106,012 | Britvic PLC (Beverages) | 1,270 | ||||||
562,542 | BT Group PLC (Diversified Telecommunication Services) | 1,434 | ||||||
34,926 | Burberry Group PLC (Textiles, Apparel & Luxury Goods) | 1,020 | ||||||
21,143 | Carnival PLC (Hotels, Restaurants & Leisure) | 1,020 | ||||||
379,699 | Centrica PLC (Multi-Utilities) | 449 | ||||||
437,503 | Cobham PLC (Aerospace & Defense) | 952 | ||||||
24,172 | Coca-Cola European Partners PLC (Beverages) | 1,230 | ||||||
103,640 | Compass Group PLC (Hotels, Restaurants & Leisure) | 2,594 | ||||||
82,725 | Diageo PLC (Beverages) | 3,506 | ||||||
75,355 | Direct Line Insurance Group PLC (Insurance) | 312 | ||||||
37,696 | Dunelm Group PLC (Specialty Retail) | 577 | ||||||
24,445 | easyJet PLC (Airlines) | 461 | ||||||
77,525 | Evraz PLC (Metals & Mining) | 415 | ||||||
6,301 | Ferguson PLC (Trading Companies & Distributors) | 572 | ||||||
205,365 | G4S PLC (Commercial Services & Supplies) | 593 | ||||||
9,273 | Games Workshop Group PLC (Leisure Products) | 750 | ||||||
670,241 | GlaxoSmithKline PLC (Pharmaceuticals) | 15,792 | ||||||
19,809 | Greggs PLC (Hotels, Restaurants & Leisure) | 603 | ||||||
31,344 | Halma PLC (Electronic Equipment, Instruments & Components) | 878 | ||||||
126,772 | Howden Joinery Group PLC (Trading Companies & Distributors) | 1,129 | ||||||
997,983 | HSBC Holdings PLC (Banks) | 7,823 | ||||||
233,282 | Imperial Brand PLC (Tobacco) | 5,774 | ||||||
271,450 | International Consolidated Airlines Group SA (Airlines) | 2,198 | ||||||
456,144 | ITV PLC (Media) | 912 | ||||||
229,924 | J Sainsbury PLC (Food & Staples Retailing) | 700 | ||||||
35,001 | JD Sports Fashion PLC (Specialty Retail) | 388 | ||||||
74,311 | Johnson Matthey PLC (Chemicals) | 2,949 | ||||||
45,779 | KAZ Minerals PLC (Metals & Mining) | 322 |
Shares | Security Description | Value (000) | ||||||
United Kingdom (continued) |
| |||||||
262,163 | Kingfisher PLC (Specialty Retail) | $ | 754 | |||||
49,366 | Land Securities Group PLC (Equity Real Estate Investment Trusts) | 647 | ||||||
300,801 | Legal & General Group PLC (Insurance) | 1,207 | ||||||
114,069 | Linde PLC (Chemicals) | 24,411 | ||||||
8,281,073 | Lloyds Banking Group PLC (Banks) | 6,855 | ||||||
126,809 | M&G PLC (Diversified Financial Services) (a) | 398 | ||||||
257,142 | Marks & Spencer Group PLC (Multiline Retail) | 727 | ||||||
522,240 | Melrose Industries PLC (Electrical Equipment) | 1,661 | ||||||
174,316 | Micro Focus International PLC (Software) | 2,456 | ||||||
82,395 | Moneysupermarket.com Group PLC (Internet & Direct Marketing Retail) | 361 | ||||||
230,464 | National Grid PLC (Multi-Utilities) | 2,882 | ||||||
41,206 | Persimmon PLC (Household Durables) | 1,471 | ||||||
346,106 | Prudential PLC (Insurance) | 6,642 | ||||||
267,120 | RELX PLC (Professional Services) | 6,741 | ||||||
220,433 | Rio Tinto PLC (Metals & Mining) | 13,147 | ||||||
723,902 | Rolls-Royce Holdings PLC (Aerospace & Defense) | 6,550 | ||||||
893,297 | Royal Bank of Scotland Group PLC (Banks) | 2,843 | ||||||
323,772 | Royal Dutch Shell PLC, A Shares (Oil, Gas & Consumable Fuels) | 9,584 | ||||||
453,009 | Royal Dutch Shell PLC, B Shares (Oil, Gas & Consumable Fuels) | 13,436 | ||||||
15,811 | Severn Trent PLC (Water Utilities) | 527 | ||||||
314,212 | SSE PLC (Electric Utilities) | 5,986 | ||||||
18,999 | St. James Place PLC (Capital Markets) | 293 | ||||||
96,664 | Standard Chartered PLC (Banks) | 912 | ||||||
88,583 | Standard Life Aberdeen PLC (Diversified Financial Services) | 385 | ||||||
205,426 | Tate & Lyle PLC (Food Products) | 2,068 | ||||||
425,586 | Taylor Wimpey PLC (Household Durables) | 1,090 | ||||||
281,341 | Unilever N.V. (Personal Products) | 16,166 | ||||||
45,944 | United Utilities Group PLC (Water Utilities) | 574 | ||||||
5,045,754 | Vodafone Group PLC (Wireless Telecommunication Services) | 9,807 | ||||||
28,097 | Willis Towers Watson PLC (Insurance) | 5,674 | ||||||
|
| |||||||
285,563 | ||||||||
|
| |||||||
United States — 0.86% |
| |||||||
2,348 | Alphabet, Inc., Class – A (Interactive Media & Services) (a) | 3,145 | ||||||
2,306 | Alphabet, Inc., Class – C (Interactive Media & Services) (a) | 3,083 | ||||||
3,241 | Amazon.com, Inc. (Internet & Direct Marketing Retail) (a) | 5,989 | ||||||
33,362 | Intercontinental Exchange, Inc. (Capital Markets) | 3,088 | ||||||
|
| |||||||
15,305 | ||||||||
|
| |||||||
Total Common Stocks | 1,442,645 | |||||||
|
| |||||||
Preferred Stocks — 1.39% | ||||||||
Brazil — 0.35% |
| |||||||
835,380 | Petroleo Brasileiro SA – Preferred (Oil, Gas & Consumable Fuels) | 6,268 | ||||||
|
|
See accompanying notes to financial statements.
143
HC CAPITAL TRUST
The Institutional International Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Preferred Stocks (continued) | ||||||||
Germany — 1.04% |
| |||||||
5,582 | Bayerische Motoren Werke Aktiengesellschaft – Preferred (Automobiles) | $ | 345 | |||||
27,774 | Porsche Automobil Holding SE – Preferred (Automobiles) | 2,076 | ||||||
80,747 | Volkswagen AG – Preferred (Automobiles) | 15,961 | ||||||
|
| |||||||
18,382 | ||||||||
|
| |||||||
Total Preferred Stocks | 24,650 | |||||||
|
| |||||||
Right — 0.00% | ||||||||
United Kingdom — 0.00% |
| |||||||
33,437,262 | Rolls-Royce Holdings PLC (Aerospace & Defense) (a) | 44 | ||||||
|
| |||||||
Total Right | 44 | |||||||
|
| |||||||
Investment Companies —16.42% | ||||||||
150,415 | Aberdeen Japan Investment Trust PLC | 1,255 | ||||||
80,266 | Aberforth Smaller Companies Trust PLC | 1,637 | ||||||
363,425 | Asia Dragon Trust PLC | 1,988 | ||||||
428,708 | Baillie Gifford European Growth Trust PLC | 5,042 | ||||||
2,016,091 | Baillie Gifford UK Growth Fund PLC | 5,448 | ||||||
427,095 | BlackRock World Mining Trust PLC | 2,166 | ||||||
273,310 | BMO Global Smaller Companies PLC | 525 | ||||||
484,800 | Dreyfus Treasury Securities Cash Management, Institutional Shares, 1.44% (c) | 485 | ||||||
385,010 | Edinburgh Investment Trust PLC | 3,192 | ||||||
857,804 | European Assets Trust PLC | 1,250 | ||||||
2,981,127 | Federated Treasury Obligations Fund, Institutional Shares, 2.29%^^ (c) | 2,981 | ||||||
882,367 | Fidelity European Values PLC | 3,038 | ||||||
183,490 | Genesis Emerging Markets Fund Ltd. | 1,925 | ||||||
218,000 | Henderson European Focus Trust PLC | 3,955 | ||||||
155,245 | Henderson EuroTrust PLC | 2,436 | ||||||
605,024 | Japan Smaller Capitalization Fund, Inc. | 5,412 | ||||||
1,115,587 | JPMorgan European Investment Trust PLC – Growth | 4,322 | ||||||
937,371 | JPMorgan European Smaller Companies Trust PLC | 4,742 | ||||||
699,097 | JPMorgan Japan Smaller Companies Investment Trust, Ordinary Shares | 4,041 | ||||||
612,722 | JPMorgan Japanese Investment Trust PLC | 3,713 | ||||||
114,152 | Morgan Stanley China Fund, Inc. | 2,479 | ||||||
489,262 | Neuberger Berman MLP Income Fund, Inc. | 3,307 | ||||||
705,273 | Oakley Capital Investments Ltd. | 2,499 | ||||||
849,096 | Perpetual Income & Growth Investment Trust | 3,767 | ||||||
108,000 | Pershing Square Holdings Fund Ltd. | 2,080 | ||||||
2,705,211 | Platinum Asia Investments Ltd. | 2,059 | ||||||
3,703,762 | PM Capital Global Opportunities Fund Ltd. | 3,275 | ||||||
1,242,334 | Polar Capital Global Financials Trust PLC | 2,402 | ||||||
1,339,229 | Schroder Japan Growth Fund PLC | 3,485 | ||||||
2,285,401 | Schroder UK Public Private Trust PLC | 1,161 | ||||||
188,654,279 | State Street Institutional Treasury Plus Money Market Fund, Trust Class, 1.49% (c) | 188,653 |
Shares | Security Description | Value (000) | ||||||
Investment Companies (continued) | ||||||||
1,945,685 | State Street Institutional U.S. Government Money Market Fund, Administrative Class, 1.30% (c) | $ | 1,946 | |||||
188,000 | Templeton Emerging Markets Investment Trust PLC | 2,091 | ||||||
126,406 | The Biotech Growth Trust PLC | 1,574 | ||||||
155,971 | The Gabelli Dividend & Income Trust | 3,424 | ||||||
73,545 | The Mexico Fund, Inc. | 1,011 | ||||||
160,196 | The New Germany Fund, Inc. | 2,512 | ||||||
271,942 | TR European Growth Trust PLC | 3,483 | ||||||
84,086 | Voya Infrastructure Industrials and Materials Fund | 968 | ||||||
|
| |||||||
Total Investment Companies | 291,729 | |||||||
|
| |||||||
Total Investments | 1,759,068 | |||||||
Other assets in excess of | 17,683 | |||||||
|
| |||||||
Net Assets—100.00% | $ | 1,776,751 | ||||||
|
|
Amounts designated as “—” are $0 or have been rounded to $0.
^ | All or part of this security was on loan as of December 31, 2019. The total value of securities on loan as of December 31, 2019, was $12,533 (amount in thousands). |
^^ | 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 December 31, 2019. |
(a) | Represents non-income producing security. |
(b) | Represents a security purchased under Rule 144A or Section 4(2) and is exempt from registration under the Securities Act of 1933, as amended, or is otherwise restricted to resale. Certain of these securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. These securities have been deemed liquid by the Specialist Manager. |
(c) | The rate disclosed is the rate in effect on December 31, 2019. |
ADR — American Depositary Receipt
FDR — Fiduciary Depositary Receipt
REIT — Real Estate Investment Trust
See accompanying notes to financial statements.
144
HC CAPITAL TRUST
The Institutional International Equity Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
The following table reflects the percentage of total net assets of the Portfolio attributable to each Specialist Manager as of December 31, 2019.
The Institutional International | Artisan Partners LP | Cadence Capital Management, LLC | Causeway Capital Management LLC | City of London Investment Management Company, Ltd. | Lazard Asset Management LLC | Parametric Portfolio Associates, LLC | HC Capital Solutions | Total | ||||||||||||||||||||||||
Common Stocks | 13.90 | % | 36.96 | % | 14.39 | % | — | 15.94 | % | — | — | 81.19 | % | |||||||||||||||||||
Preferred Stocks | 0.35 | % | 0.26 | % | 0.69 | % | — | 0.09 | % | — | — | 1.39 | % | |||||||||||||||||||
Right | — | — | 0.00 | % | — | — | — | — | 0.00 | % | ||||||||||||||||||||||
Investment Companies | — | 0.19 | % | — | 5.74 | % | 0.11 | % | 10.37 | % | 0.01 | % | 16.42 | % | ||||||||||||||||||
Other Assets (Liabilities) | 0.57 | % | 0.20 | % | 0.35 | % | 0.01 | % | 0.06 | % | -0.19 | % | 0.00 | % | 1.00 | % | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||||||
Total Net Assets | 14.82 | % | 37.61 | % | 15.43 | % | 5.75 | % | 16.20 | % | 10.18 | % | 0.01 | % | 100.00 | % | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amounts designated as “—” indicate the Specialist Manager did not manage any holdings in that category.
Amounts designated as “0.00%” round to less than 0.005%.
The following tables reflect the open derivative positions held by the Portfolio as of December 31, 2019.
Futures Contracts Purchased^
Description | Number of Contracts | Expiration Date | Notional Amount (000) | Value and Unrealized Appreciation/ (Depreciation) (000) | ||||||||||||
MSCI EAFE Index Future | 1,762 | 3/20/20 | $ | 179,416 | $ | 1,122 | ||||||||||
|
|
|
| |||||||||||||
$ | 179,416 | $ | 1,122 | |||||||||||||
|
|
|
| |||||||||||||
Total Unrealized Appreciation | $ | 1,122 | ||||||||||||||
Total Unrealized Depreciation | — | |||||||||||||||
|
| |||||||||||||||
Total Net Unrealized Appreciation/(Depreciation) | $ | 1,122 | ||||||||||||||
|
|
^ | Cash has been pledged as collateral for futures contracts held by the Portfolio. |
Forward Currency Contracts
Short Contracts
Description and (000) | Description and (000) | Counterparty | Settlement Date | Unrealized Appreciation/ (Depreciation) (000) | ||||||||||||||||
U.S. Dollar | 2 | Japanese Yen | 210 | State Street | 1/6/20 | $ | — | |||||||||||||
U.S. Dollar | 4 | Japanese Yen | 417 | State Street | 1/7/20 | — | ||||||||||||||
|
| |||||||||||||||||||
$ | — | |||||||||||||||||||
|
|
See accompanying notes to financial statements.
145
HC CAPITAL TRUST
The Institutional International Equity Portfolio
Portfolio of Investments (concluded) — December 31, 2019 (Unaudited)
Long Contracts
Description and (000) | Description and to be sold (000) | Counterparty | Settlement Date | Unrealized Appreciation/ (Depreciation) (000) | ||||||||||||||||
Japanese Yen | 10,383 | U.S. Dollar | 95 | Mellon Bank | 1/6/20 | $ | 1 | |||||||||||||
Japanese Yen | 12,248 | U.S. Dollar | 112 | HSBC | 1/7/20 | — | ||||||||||||||
|
| |||||||||||||||||||
$ | 1 | |||||||||||||||||||
|
| |||||||||||||||||||
Total Unrealized Appreciation |
| $ | 1 | |||||||||||||||||
Total Unrealized Depreciation |
| — | ||||||||||||||||||
|
| |||||||||||||||||||
Total Net Unrealized Appreciation/(Depreciation) |
| $ | 1 | |||||||||||||||||
|
|
Amounts designated as “—” are $0 or have been rounded to $0.
See accompanying notes to financial statements.
146
HC CAPITAL TRUST
The Emerging Markets Portfolio
Portfolio of Investments — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks — 93.05% | ||||||||
Argentina — 0.01% |
| |||||||
3,900 | Banco Macro SA, ADR (Banks) | $ | 141 | |||||
|
| |||||||
Bermuda — 0.10% |
| |||||||
2,515,733 | Beijing Enterprises Water Group Ltd. (Water Utilities) (a) | 1,272 | ||||||
|
| |||||||
Brazil — 6.28% |
| |||||||
1,025,100 | Ambev SA (Beverages) | 4,758 | ||||||
80,700 | B2W CIA Digital (Internet & Direct Marketing Retail) (b) | 1,261 | ||||||
465,500 | B3 SA — Brasil Bolsa Balcao (Capital Markets) | 4,973 | ||||||
633,105 | Banco Bradesco SA (Banks) | 5,363 | ||||||
695,795 | Banco do Brasil SA (Banks) | 9,138 | ||||||
436,450 | BB Seguridade Participacoes SA (Insurance) | 4,091 | ||||||
228,800 | BRF SA (Food Products) (b) | 2,002 | ||||||
69,300 | Centrais Electricas Brasileiras SA (Electric Utilities) | 651 | ||||||
380,300 | Companhia Siderurgica Nacional SA (CSN) (Metals & Mining) | 1,334 | ||||||
137,400 | Embraer SA (Aerospace & Defense) (b) | 674 | ||||||
686,500 | Itau Unibanco Holding SA (Banks) | 6,333 | ||||||
133,700 | JBS SA (Food Products) | 858 | ||||||
442,400 | Klabin SA (Containers & Packaging) | 2,025 | ||||||
55,965 | Localiza Rent A Car SA (Road & Rail) (a) | 660 | ||||||
190,740 | Lojas Renner SA (Multiline Retail) | 2,665 | ||||||
304,000 | Magazine Luiza SA (Multiline Retail) (a) | 3,605 | ||||||
329,600 | Natura & Co. Holding SA (Personal Products) (b) | 3,169 | ||||||
830,600 | Petroleo Brasileiro SA (Oil, Gas & Consumable Fuels) | 6,608 | ||||||
271,482 | Raia Drogasil SA (Food & Staples Retailing) | 7,536 | ||||||
581,900 | Rumo SA (Road & Rail) (a)(b) | 3,776 | ||||||
96,500 | Suzano SA (Paper & Forest Products) | 952 | ||||||
648,400 | Tim Participacoes SA (Wireless Telecommunication Services) | 2,526 | ||||||
554,600 | Vale SA (Metals & Mining) | 7,350 | ||||||
196,900 | WEG SA (Machinery) | 1,697 | ||||||
|
| |||||||
84,005 | ||||||||
|
| |||||||
Cayman Islands — 0.54% |
| |||||||
14,000 | AAC Technologies Holdings, Inc. (Electronic Equipment, Instruments & Components) | 122 | ||||||
103,000 | Anta Sports Products Ltd. (Textiles, Apparel & Luxury Goods) (a) | 922 | ||||||
24,000 | China Mengniu Dairy Co. Ltd. (Food Products) | 97 | ||||||
1,584,000 | Geely Automobile Holdings Ltd. (Automobiles) | 3,098 | ||||||
62,000 | Kingsoft Corp. Ltd. (Software)^ (a)(b) | 161 | ||||||
22,000 | New Oriental Education & Technology Group, Inc., ADR (Diversified Consumer Services) (b) | 2,668 | ||||||
2,706 | SINA Corp. (Interactive Media & Services) (b) | 108 | ||||||
|
| |||||||
7,176 | ||||||||
|
|
Shares | Security Description | Value (000) | ||||||
Chile — 0.52% |
| |||||||
17,142 | Banco de Credito e Inversiones SA (Banks) | $ | 778 | |||||
650,292 | Empresas CMPC SA (Paper & Forest Products) | 1,592 | ||||||
11,063,470 | Enel Americas SA (Electric Utilities) | 2,459 | ||||||
9,436,244 | Enersis Chile SA (Electric Utilities) | 885 | ||||||
77,887 | LATAM Airlines Group SA (Airlines) | 782 | ||||||
104,319 | S.A.C.I. Falabella (Multiline Retail) | 450 | ||||||
|
| |||||||
6,946 | ||||||||
|
| |||||||
China — 25.00% |
| |||||||
263,765 | 360 Security Technology, Inc., Class – A (Software) | 891 | ||||||
1,200 | 51Job, Inc., ADR (Professional Services) (b) | 102 | ||||||
24,100 | 58.com, Inc., ADR (Interactive Media & Services) (b) | 1,560 | ||||||
6,274,000 | Agricultural Bank of China Ltd., H Shares (Banks) | 2,762 | ||||||
75,400 | Air China Ltd. (Airlines) | 105 | ||||||
118,000 | Air China Ltd. (Airlines) | 120 | ||||||
263,170 | Alibaba Group Holding Ltd., ADR (Internet & Direct Marketing Retail) (b) | 55,819 | ||||||
314,000 | Aluminum Corp of China Ltd., H Shares (Metals & Mining) (b) | 108 | ||||||
149,700 | Anxin Trust Co. Ltd. (Capital Markets) (b) | 95 | ||||||
6,100 | Autobio Diagnostics Co. Ltd., Class – A (Health Care Equipment & Supplies) | 85 | ||||||
8,900 | Autohome, Inc., ADR (Interactive Media & Services) (b) | 712 | ||||||
97,600 | Avic Shenyang Aircraft Co. Ltd. (Aerospace & Defense) (b) | 443 | ||||||
148,500 | BAIC Bluepark New Energy Technology Co. Ltd. (Automobiles) (b) | 125 | ||||||
186,000 | BAIC Motor Corp. Ltd. (Automobiles) (a) | 106 | ||||||
48,678 | Baidu, Inc., ADR (Interactive Media & Services) (b) | 6,153 | ||||||
14,859,100 | Bank of China Ltd., H Shares (Banks) | 6,350 | ||||||
5,579,000 | Bank of Communications Co. Ltd., H Shares (Banks) | 3,967 | ||||||
3,400 | Baozun, Inc., ADR (Internet & Direct Marketing Retail)^ (b) | 113 | ||||||
1,853,350 | Beijing Dabeinong Technology Group Co. Ltd., Class – A (Food Products) | 1,325 | ||||||
105,800 | Beijing Sanju Environmental Protection And New Material Co. Ltd. (Chemicals) | 96 | ||||||
152,400 | Beijing Shiji Information Technology Co. Ltd. (Software) | 853 | ||||||
23,000 | Beijing Tiantan Biological Products Corp. Ltd. (Biotechnology) | 92 | ||||||
122,000 | Brilliance China Automotive Holdings Ltd. (Automobiles) | 127 | ||||||
36,500 | BTG Hotels Group Co. Ltd. (Hotels, Restaurants & Leisure) | 108 | ||||||
109,053 | BYD Co. Ltd. (Automobiles) | 745 | ||||||
19,000 | BYD Co. Ltd., H Shares (Automobiles)^ | 95 | ||||||
194,500 | BYD Electronic International Co. Ltd. (Communications Equipment) | 374 | ||||||
44,100 | Centre Testing International Group Co. Ltd. (Professional Services) | 94 |
See accompanying notes to financial statements.
147
HC CAPITAL TRUST
The Emerging Markets Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
China (continued) |
| |||||||
68,000 | China Aoyuan Group Ltd. (Real Estate Management & Development) | $ | 111 | |||||
432,000 | China Cinda Asset Management Co. Ltd., H Shares (Capital Markets) (a) | 98 | ||||||
75,100 | China Communications Construction Co. Ltd. (Construction & Engineering) | 99 | ||||||
2,828,000 | China Communications Services Corp. Ltd., H Shares (Diversified Telecommunication Services) | 2,061 | ||||||
1,259,000 | China Conch Venture Holdings Ltd. (Machinery) | 5,493 | ||||||
22,925,350 | China Construction Bank Corp., H Shares (Banks) | 19,801 | ||||||
242,500 | China COSCO Shipping Holdings Co. Ltd., H Shares (Marine) (b) | 98 | ||||||
176,000 | China Eastern Airlines Corp. Ltd. (Airlines) (b) | 98 | ||||||
1,641,000 | China Everbright Bank Co. Ltd., H Shares (Banks) | 762 | ||||||
38,000 | China Evergrande Group (Real Estate Management & Development) (b) | 105 | ||||||
174,000 | China Galaxy Securities Co. Ltd., H Shares (Capital Markets) | 103 | ||||||
607,000 | China Huarong Asset Management Co. Ltd., H (Capital Markets) (a) | 96 | ||||||
50,800 | China International Capital Corp. Ltd. (Capital Markets)^ (a) | 98 | ||||||
7,500 | China International Travel Service Corp. Ltd. (Hotels, Restaurants & Leisure) | 96 | ||||||
2,401,000 | China Life Insurance Co. Ltd., H Shares (Insurance) | 6,671 | ||||||
22,400 | China Literature Ltd. (Media)^ (a)(b) | 93 | ||||||
27,000 | China Merchants Bank Co. Ltd. (Banks) | 146 | ||||||
1,427,000 | China Merchants Bank Co. Ltd., H Shares (Banks) | 7,335 | ||||||
719,000 | China Mobile Ltd. (Wireless Telecommunication Services) (a) | 6,044 | ||||||
91,224 | China Mobile Ltd., ADR (Wireless Telecommunication Services) | 3,856 | ||||||
285,000 | China Molybdenum Co. Ltd. (Metals & Mining) | 122 | ||||||
102,000 | China National Building Material Co. Ltd., H Shares (Construction Materials) (a) | 114 | ||||||
197,450 | China Northern Rare Earth Group High-Tech Co. Ltd. (Metals & Mining) | 307 | ||||||
805,400 | China Petroleum & Chemical Corp., H Shares (Oil, Gas & Consumable Fuels) | 485 | ||||||
1,254,000 | China Resources Cement Holdings Ltd. (Construction Materials) (a) | 1,596 | ||||||
1,095,183 | China Resources Land Ltd. (Real Estate Management & Development) | 5,454 | ||||||
1,370,143 | China Resources Power Holdings Co. Ltd. (Independent Power and Renewable Electricity Producers) | 1,924 | ||||||
697,500 | China Shenhua Energy Co. Ltd., H Shares (Oil, Gas & Consumable Fuels) | 1,457 | ||||||
162,000 | China Southern Airlines Co. Ltd., H Shares (Airlines) | 109 | ||||||
1,652,000 | China Tower Corp. Ltd. (Diversified Telecommunication Services) (a) | 365 |
Shares | Security Description | Value (000) | ||||||
China (continued) |
| |||||||
38,000 | China Transinfo Technology Co. Ltd. (IT Services) | $ | 98 | |||||
304,900 | China Vanke Co. Ltd., H Shares (Real Estate Management & Development) | 1,301 | ||||||
12,400 | Chongqing Brewery Co. Ltd. (Beverages) | 92 | ||||||
485,000 | Chongqing Rural Commercial Bank Co. Ltd., H Shares (Banks) | 248 | ||||||
13,500 | Chongqing Zhifei Biological Products Co. Ltd. (Biotechnology) | 96 | ||||||
192,000 | CIFI Holdings Group Co. Ltd. (Real Estate Management & Development) | 162 | ||||||
29,100 | CITIC Securities Co. Ltd. (Capital Markets) | 106 | ||||||
48,500 | CITIC Securities Co. Ltd., H Shares (Capital Markets) | 111 | ||||||
3,170,000 | CNOOC Ltd. (Oil, Gas & Consumable Fuels) | 5,273 | ||||||
888,000 | COSCO Shipping Holdings Co. Ltd. (Marine) (b) | 672 | ||||||
3,291,000 | Country Garden Holdings Co. (Real Estate Management & Development) (a) | 5,271 | ||||||
413,678 | Country Garden Services Holdings Co. Ltd., Series S (Commercial Services & Supplies) (a) | 1,394 | ||||||
28,500 | CSC Financial Co. Ltd. (Capital Markets) | 124 | ||||||
73,400 | Dongfang Electric Corp., Ltd. (Electrical Equipment) | 97 | ||||||
45,200 | East Money Information Co. Ltd. (Capital Markets) | 102 | ||||||
418,000 | ENN Energy Holdings Ltd. (Gas Utilities) | 4,568 | ||||||
15,900 | Eve Energy Co. Ltd. (Electrical Equipment) (b) | 114 | ||||||
61,000 | Fangda Carbon New Material Co. Ltd. (Electrical Equipment) (b) | 106 | ||||||
133,400 | Focus Media Information Technology Co. Ltd. (Technology Hardware, Storage & Peripherals) | 120 | ||||||
119,927 | Foshan Haitian Flavouring & Food Co. Ltd. (Food Products) | 1,851 | ||||||
25,400 | Fujian Sunner Development Co. Ltd. (Food Products) | 88 | ||||||
1,612,800 | Fuyao Glass Industry Group Co. Ltd. (Auto Components) | 4,937 | ||||||
18,700 | GDS Holdings Ltd., ADR (IT Services) (b) | 965 | ||||||
78,000 | Genscript Biotech Corp. (Life Sciences Tools & Services) (a)(b) | 177 | ||||||
85,000 | GF Securities Co. Ltd., Class – H (Capital Markets) | 104 | ||||||
3,700 | Gigadevice Semiconductor Beijing, Inc. (Semiconductors & Semiconductor Equipment) | 109 | ||||||
91,500 | Grandjoy Holdings Group Co. Ltd. (Real Estate Management & Development) | 94 | ||||||
164,500 | Great Wall Motor Co. Ltd., H Shares (Automobiles) | 122 | ||||||
43,000 | Gree Electric Appliances, Inc. (Household Durables) | 405 | ||||||
598,000 | Guangzhou Automobile Group Co. Ltd., H Shares (Automobiles) | 743 | ||||||
58,800 | Guotai Junan Securities Co. Ltd. (Capital Markets) (a) | 104 | ||||||
21,000 | Haidilao International Holding Ltd. (Hotels, Restaurants & Leisure) (a) | 84 |
See accompanying notes to financial statements.
148
HC CAPITAL TRUST
The Emerging Markets Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
China (continued) |
| |||||||
45,900 | Haitong Securities Co. Ltd. (Capital Markets) | $ | 102 | |||||
88,400 | Haitong Securities Co. Ltd., H Shares (Capital Markets) | 104 | ||||||
16,600 | Hefei Meiya Optoelectronic Technology, Inc. (Machinery) | 93 | ||||||
45,000 | Hengli Petrochemical Co. Ltd. (Chemicals) | 104 | ||||||
6,800 | Hithink Royalflush Information Network Co. Ltd. (Capital Markets) | 107 | ||||||
54,000 | Hua Hong Semiconductor Ltd. (Semiconductors & Semiconductor Equipment) (a) | 123 | ||||||
25,200 | Huadong Medicine Co. Ltd. (Health Care Providers & Services) | 88 | ||||||
59,000 | Huatai Securities Co. Ltd., Class – H (Capital Markets) (a) | 104 | ||||||
2,500 | Huazhu Group Ltd., ADR (Hotels, Restaurants & Leisure) | 100 | ||||||
4,100 | Huya, Inc., ADR (Entertainment) (b) | 74 | ||||||
100,900 | Iflytek Co. Ltd. (Software) | 499 | ||||||
12,650,440 | Industrial & Commercial Bank of China Ltd., H Shares (Banks) | 9,741 | ||||||
492,300 | Inner Mongolia Baotou Steel Union Co. Ltd. (Metals & Mining) | 93 | ||||||
245,200 | Inner Mongolia Mengdian Huaneng Thermal Power Corp. (Independent Power and Renewable Electricity Producers) | 97 | ||||||
20,700 | Inspur Electronic Information Industry Co. Ltd. (Technology Hardware, Storage & Peripherals) | 89 | ||||||
11,100 | iQiyi, Inc., ADR (Entertainment) (b) | 234 | ||||||
140,900 | JD.com, Inc., ADR (Internet & Direct Marketing Retail) (b) | 4,965 | ||||||
1,516,000 | Jiangsu Expressway Co. Ltd., H Shares (Transportation Infrastructure) | 2,078 | ||||||
230,703 | Jiangsu Hengrui Medicine Co. Ltd. (Pharmaceuticals) | 2,899 | ||||||
271,600 | Jiangxi Zhengbang Technology Co. Ltd. (Food Products) | 632 | ||||||
98,300 | Jinke Properties Group Co. Ltd. (Real Estate Management & Development) | 108 | ||||||
1,500 | JOYY, Inc., ADR (Interactive Media & Services) (b) | 79 | ||||||
14,100 | Juewei Food Co. Ltd. (Food Products) | 94 | ||||||
376,000 | Kaisa Group Holdings Ltd. (Real Estate Management & Development) | 180 | ||||||
34,000 | Kingboard Holdings Ltd. (Electronic Equipment, Instruments & Components) | 108 | ||||||
572,000 | Kingdee International Software Group Co. Ltd. (Software) (a) | 572 | ||||||
600 | Kweichow Moutai Co. Ltd. (Beverages) | 102 | ||||||
139,000 | Lee & Man Paper Manufacturing Ltd. (Paper & Forest Products) | 105 | ||||||
46,500 | Lens Technology Co. Ltd. (Electronic Equipment, Instruments & Components) | 92 | ||||||
278,500 | LI Ning Co. Ltd. (Textiles, Apparel & Luxury Goods) (a) | 834 | ||||||
264,173 | Luxshare Precision Industry Co. Ltd. (Electrical Equipment) | 1,385 | ||||||
113,500 | Luye Pharma Group Ltd. (Pharmaceuticals) (a) | 85 |
Shares | Security Description | Value (000) | ||||||
China (continued) |
| |||||||
218,160 | Meinian Onehealth Healthcare Holdings Co. Ltd. (Health Care Providers & Services) | $ | 466 | |||||
36,500 | Meituan Dianping (Internet & Direct Marketing Retail) (b) | 477 | ||||||
481,788 | Midea Group Co. Ltd., Class – A (Household Durables) | 4,029 | ||||||
34,300 | Momo, Inc., ADR (Interactive Media & Services) | 1,149 | ||||||
63,000 | Muyuan Foodstuff Co. Ltd. (Food Products) | 803 | ||||||
61,400 | Nanji E-Commerce Co. Ltd. (Media) (b) | 97 | ||||||
8,139 | NetEase, Inc., ADR (Entertainment) | 2,496 | ||||||
22,400 | New China Life Insurance Co. Ltd., H Shares (Insurance) (a) | 96 | ||||||
78,300 | NIO, Inc., ADR (Automobiles)^ (b) | 315 | ||||||
5,300 | Noah Holdings Ltd., ADR (Capital Markets) (b) | 188 | ||||||
150,400 | Oceanwide Holdings Co. Ltd. (Real Estate Management & Development) | 98 | ||||||
77,290 | O-FILM Tech Co. Ltd. (Electronic Equipment, Instruments & Components) (b) | 173 | ||||||
11,200 | Ovctek China, Inc. (Health Care Equipment & Supplies) | 76 | ||||||
74,400 | Perfect World Co. Ltd., Class – A (Entertainment) | 471 | ||||||
6,696,000 | PetroChina Company Ltd., H Shares (Oil, Gas & Consumable Fuels) | 3,360 | ||||||
10,821 | Pinduoduo, Inc., ADR (Internet & Direct Marketing Retail) (b) | 409 | ||||||
1,743,152 | Ping An Insurance Group Company of China Ltd. (Insurance) | 20,605 | ||||||
230,400 | Rongsheng Petro Chemical Co. Ltd., Class – A (Chemicals) | 410 | ||||||
53,500 | SDIC Capital Co. Ltd. (Capital Markets) | 116 | ||||||
142,000 | Seazen Group Ltd. (Real Estate Management & Development)^ (a) | 173 | ||||||
1,772,500 | Semiconductor Manufacturing International Corp. (Semiconductors & Semiconductor Equipment) (b) | 2,716 | ||||||
120,299 | Shandong Buchang Pharmaceuticals Co. Ltd., Class – A (Pharmaceuticals) | 356 | ||||||
26,900 | Shandong Sinocera Functional Material Co. Ltd. (Chemicals) | 88 | ||||||
136,100 | Shanghai Electric Group Co. Ltd. (Electrical Equipment) | 97 | ||||||
181,000 | Shanghai Industrial Holdings Ltd. (Industrial Conglomerates) | 348 | ||||||
2,278,800 | Shanghai Pharmaceuticals Holding Co. Ltd., H Shares (Health Care Providers & Services) | 4,434 | ||||||
43,600 | Shanghai Zhangjiang High-Tech Park Development Co. (Real Estate Management & Development) | 96 | ||||||
82,200 | Shanxi Meijin Energy Co. Ltd. (Oil, Gas & Consumable Fuels) (b) | 111 | ||||||
41,500 | Shenzhen Hepalink Pharmaceutical Group Co. Ltd. (Pharmaceuticals) | 116 | ||||||
77,800 | Shenzhen Kangtai Biological Products Co. Ltd. (Biotechnology) | 981 | ||||||
32,900 | Shenzhen Kingdom Sci-Tech Co. Ltd. (Software) (b) | 97 | ||||||
873,000 | Shimao Property Holdings Ltd. (Real Estate Management & Development) | 3,384 |
See accompanying notes to financial statements.
149
HC CAPITAL TRUST
The Emerging Markets Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
China (continued) |
| |||||||
26,100 | Sichuan Kelun Pharmaceutical Co. Ltd. (Pharmaceuticals) | $ | 88 | |||||
334,000 | Sinopec Shanghai Petrochemical Co. Ltd., H Shares (Chemicals) | 101 | ||||||
54,000 | Sinotruk Hong Kong Ltd. (Machinery) | 115 | ||||||
1,147,500 | SOHO China Ltd. (Real Estate Management & Development) | 433 | ||||||
146,065 | Songcheng Performance Development Co. Ltd., Class – A (Hotels, Restaurants & Leisure) | 648 | ||||||
53,221 | Spring Airlines Co. Ltd., Class – A (Airlines) | 335 | ||||||
155,000 | Sunac China Holdings Ltd. (Real Estate Management & Development) (a) | 926 | ||||||
52,900 | Sunny Optical Technology Group Co. Ltd. (Electronic Equipment, Instruments & Components) | 916 | ||||||
30,900 | Suzhou Dongshan Precision Manufacturing Co. Ltd., Class – A (Electronic Equipment, Instruments & Components) | 103 | ||||||
76,200 | TAL Education Group, ADR (Diversified Consumer Services) (b) | 3,673 | ||||||
407,700 | Tech-Bank Food Co. Ltd. (Food Products) (b) | 735 | ||||||
1,211,128 | Tencent Holdings Ltd. (Interactive Media & Services) (a) | 58,383 | ||||||
15,400 | Tencent Music Entertainment Group, ADR (Entertainment) (b) | 181 | ||||||
207,300 | The Pacific Securities Co. Ltd. (Capital Markets) (b) | 113 | ||||||
164,295 | Tianqi Lithium Corp. (Chemicals) | 712 | ||||||
149,600 | Toly Bread Co. Ltd. (Food Products) | 911 | ||||||
83,200 | Tonghua Dongbao Pharmaceutical Co. Ltd. (Pharmaceuticals) | 151 | ||||||
89,000 | Transfar Zhilian Co. Ltd. (Chemicals) | 89 | ||||||
49,000 | Trip.com Group Ltd., ADR (Internet & Direct Marketing Retail) (b) | 1,643 | ||||||
22,100 | Unisplendour Corp. Ltd., Class – A (Electronic Equipment, Instruments & Components) | 100 | ||||||
56,563 | Vipshop Holdings Ltd., ADR (Internet & Direct Marketing Retail) (b) | 801 | ||||||
495,575 | Walvax Biotechnology Co Ltd., Class – A (Biotechnology) | 2,308 | ||||||
72,200 | Wangsu Science & Technology Co. Ltd., Class – A (IT Services) | 99 | ||||||
8,500 | Weibo Corp., ADR (Interactive Media & Services) (b) | 394 | ||||||
50,500 | Weichai Power Co. Ltd. (Machinery) | 115 | ||||||
54,000 | Weichai Power Co. Ltd. (Machinery) | 114 | ||||||
17,300 | Wens Foodstuffs Group Co. Ltd. (Food Products) | 83 | ||||||
31,000 | Wuhan Guide Infrared Co. Ltd. (Electronic Equipment, Instruments & Components) | 93 | ||||||
4,800 | Wuliangye Yibin Co. Ltd. (Beverages) | 92 | ||||||
27,600 | WUS Printed Circuit Kunshan Co. Ltd. (Electronic Equipment, Instruments & Components) | 88 | ||||||
35,000 | Wuxi Biologics Cayman, Inc. (Life Sciences Tools & Services) (a)(b) | 443 | ||||||
170,000 | Xiaomi Corp. (Technology Hardware, Storage & Peripherals) (a)(b) | 236 |
Shares | Security Description | Value (000) | ||||||
China (continued) |
| |||||||
51,700 | Xinjiang Goldwind Science & Technology Co. Ltd. (Electrical Equipment) | $ | 89 | |||||
9,300 | Yealink Network Technology Corp. Ltd. (Communications Equipment) | 97 | ||||||
61,000 | Yihai International Holdings (Food Products) | 358 | ||||||
54,600 | Yintai Gold Co. Ltd. (Metals & Mining) | 107 | ||||||
92,520 | Yonyou Network Technology Co. Ltd. (Software) | 377 | ||||||
229,100 | Yunda Holding Co. Ltd. (Air Freight & Logistics) | 1,095 | ||||||
204,000 | Yuzhou Properties Co. Ltd. (Real Estate Management & Development) (a) | 112 | ||||||
28,000 | Zhangzhou Pientzehuang Pharmaceutical Co. Ltd. (Pharmaceuticals) | 442 | ||||||
9,600 | Zhejiang Dingli Machinery Co. Ltd. (Machinery) | 99 | ||||||
1,094,000 | Zhejiang Expressway Co. Ltd., H Shares (Transportation Infrastructure) | 997 | ||||||
48,300 | Zhejiang Longsheng Group Co. Ltd. (Chemicals) | 100 | ||||||
61,300 | Zhejiang Semir Garment Co. Ltd. (Textiles, Apparel & Luxury Goods) | 87 | ||||||
8,200 | Zhejiang Supor Co. Ltd. (Household Durables) | 90 | ||||||
75,900 | Zheshang Securities Co. Ltd. (Capital Markets) | 121 | ||||||
29,200 | ZhongAn Online P&C Insurance Co. Ltd. (Insurance)^ (a)(b) | 105 | ||||||
15,300 | Zhongji Innolight Co. Ltd. (Machinery) | 115 | ||||||
63,500 | Zhongsheng Group Holdings Ltd. (Specialty Retail) | 260 | ||||||
120,400 | Zoomlion Heavy Industry Science & Technology Co. Ltd., H Shares (Machinery) | 101 | ||||||
170,500 | ZTE Corp. (Communications Equipment) (b) | 866 | ||||||
32,600 | ZTE Corp., H Shares (Communications Equipment) (b) | 100 | ||||||
12,800 | ZTO Express Cayman, Inc., ADR (Air Freight & Logistics) | 299 | ||||||
|
| |||||||
334,700 | ||||||||
|
| |||||||
Colombia — 0.22% |
| |||||||
2,938,428 | Ecopetrol SA (Oil, Gas & Consumable Fuels) | 2,965 | ||||||
|
| |||||||
Czech Republic — 0.06% |
| |||||||
196,480 | Moneta Money Bank A/S (Banks) (a) | 737 | ||||||
|
| |||||||
Egypt — 0.22% |
| |||||||
560,438 | Commercial International Bank Egypt SAE (Banks) | 2,908 | ||||||
|
| |||||||
Greece — 0.32% |
| |||||||
42,366 | Alpha Bank SA (Banks) (b) | 91 | ||||||
258,890 | Hellenic Telecommunication Organization SA (Diversified Telecommunication Services) | 4,141 | ||||||
|
| |||||||
4,232 | ||||||||
|
| |||||||
Hong Kong — 2.71% |
| |||||||
1,370,000 | AIA Group Ltd. (Insurance) | 14,382 | ||||||
6,640,000 | Alibaba Pictures Group Ltd. (Entertainment) (b) | 1,167 |
See accompanying notes to financial statements.
150
HC CAPITAL TRUST
The Emerging Markets Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Hong Kong (continued) |
| |||||||
144,000 | China Ding Yi Feng Holdings Ltd. (Capital Markets) | $ | — | |||||
1,745,182 | China Everbright International Ltd. (Commercial Services & Supplies) | 1,400 | ||||||
58,000 | China Everbright Ltd. (Capital Markets) | 108 | ||||||
2,368,000 | China Jinmao Holdings Group Ltd. (Real Estate Management & Development) (a) | 1,845 | ||||||
1,830,000 | China Overseas Land & Investment Ltd. (Real Estate Management & Development) | 7,128 | ||||||
112,000 | China State Construction International Holdings Ltd. (Construction & Engineering) | 102 | ||||||
38,200 | China Taiping Insurance Holdings Co. Ltd. (Insurance) (a) | 95 | ||||||
150,000 | CSPC Pharmaceutical Group Ltd. (Pharmaceuticals) (a) | 358 | �� | |||||
1,172,000 | Far East Horizon Ltd. (Diversified Financial Services) (a) | 1,098 | ||||||
67,000 | Fosun International Ltd. (Industrial Conglomerates) | 98 | ||||||
62,400 | Guangzhou R&F Properties Co. Ltd., H Shares (Real Estate Management & Development)^ (a) | 115 | ||||||
358,000 | Hengan International Group Co. Ltd. (Personal Products) | 2,550 | ||||||
25,200 | Hutchison China Meditech Ltd., ADR (Pharmaceuticals) (b) | 632 | ||||||
88,500 | Kingboard Laminates Holdings Ltd. (Electronic Equipment, Instruments & Components) | 110 | ||||||
117,000 | KWG Group Holdings Ltd. (Real Estate Management & Development) | 164 | ||||||
124,000 | Lenovo Group Ltd. (Technology Hardware, Storage & Peripherals) | 83 | ||||||
100,000 | Nexteer Automotive Group Ltd. (Auto Components) (a) | 91 | ||||||
1,135,501 | Samsonite International SA (Textiles, Apparel & Luxury Goods) | 2,725 | ||||||
490,000 | Sino Biopharmaceutiical Ltd. (Pharmaceuticals) | 685 | ||||||
678,000 | Sino-Ocean Land Holdings Ltd. (Real Estate Management & Development) | 272 | ||||||
4,500,000 | Yuexiu Property Co. Ltd. (Real Estate Management & Development) | 1,040 | ||||||
|
| |||||||
36,248 | ||||||||
|
| |||||||
Hungary — 0.69% |
| |||||||
184,359 | MOL Hungarian Oil & Gas PLC (Oil, Gas & Consumable Fuels) | 1,839 | ||||||
86,621 | OTP Bank Nyrt PLC (Banks) | 4,535 | ||||||
129,491 | Richter Gedeon Nyrt (Pharmaceuticals) | 2,818 | ||||||
|
| |||||||
9,192 | ||||||||
|
| |||||||
India — 9.87% |
| |||||||
808,887 | Adani Ports and Special Economic Zone Ltd. (Transportation Infrastructure) | 4,148 | ||||||
319,100 | Ambuja Cements Ltd. (Construction Materials) | 877 | ||||||
34,614 | Aurobindo Pharma Ltd. (Pharmaceuticals) (a) | 222 | ||||||
88,627 | Avenue Supermarts Ltd. (Food & Staples Retailing) (a)(b) | 2,283 | ||||||
387,549 | Axis Bank Ltd. (Banks) (a) | 4,095 |
Shares | Security Description | Value (000) | ||||||
India (continued) |
| |||||||
63,617 | Bajaj Auto Ltd. (Automobiles) | $ | 2,839 | |||||
43,704 | Bajaj Finance Ltd. (Consumer Finance) (a) | 2,593 | ||||||
8,504 | Bajaj Finserv Ltd. (Insurance) | 1,119 | ||||||
243,767 | Bharat Petroleum Corp. Ltd. (Oil, Gas & Consumable Fuels) | 1,679 | ||||||
8,842,285 | Chennai Super Kings Cricket Ltd. (Entertainment) (b) | — | ||||||
1,105,871 | Coal India Ltd. (Oil, Gas & Consumable Fuels) | 3,275 | ||||||
158,989 | Dr. Reddy’s Laboratories Ltd., ADR (Pharmaceuticals) | 6,451 | ||||||
1,202 | Eicher Motors Ltd. (Automobiles) (a) | 379 | ||||||
479,732 | GAIL India Ltd. (Gas Utilities) | 814 | ||||||
133,690 | HCL Technologies Ltd. (IT Services) | 1,064 | ||||||
261,330 | HDFC Bank Ltd. (Banks) | 4,658 | ||||||
97,074 | Hero MotoCorp Ltd. (Automobiles) | 3,323 | ||||||
610,513 | Housing Development Finance Corp. Ltd. (Thrifts & Mortgage Finance) | 20,637 | ||||||
1,046,109 | ICICI Bank Ltd. (Banks) | 7,899 | ||||||
389,156 | Infosys Ltd. (IT Services) | 3,987 | ||||||
1,317,147 | ITC Ltd. (Tobacco) (a) | 4,387 | ||||||
738,990 | Mahindra & Mahindra Ltd. (Automobiles) | 5,504 | ||||||
837,768 | NTPC Ltd. (Independent Power and Renewable Electricity Producers) (a) | 1,397 | ||||||
562,281 | Oil & Natural Gas Corp. Ltd. (Oil, Gas & Consumable Fuels) | 1,015 | ||||||
19,352 | Pidilite Industries Ltd. (Chemicals) | 376 | ||||||
542,013 | Reliance Industries Ltd. (Oil, Gas & Consumable Fuels) | 11,498 | ||||||
136,393 | Rural Electrification Corp. Ltd. (Diversified Financial Services) | 273 | ||||||
5,607 | Shree Cement Ltd. (Construction Materials) (a) | 1,600 | ||||||
1,076,115 | State Bank of India (Banks) (a)(b) | 5,032 | ||||||
552,713 | Tata Consultancy Services Ltd. (IT Services) (a) | 16,741 | ||||||
38,270 | Tata Motors Ltd. (Automobiles) (b) | 99 | ||||||
226,883 | Tata Power Co. Ltd. (Electric Utilities) | 180 | ||||||
499,758 | Tata Steel Ltd. (Metals & Mining) | 3,305 | ||||||
19,873 | Titan Co. Ltd. (Textiles, Apparel & Luxury Goods) | 331 | ||||||
41,901 | Ultra Tech Cement Ltd. (Construction Materials) | 2,376 | ||||||
222,144 | United Spirits Ltd. (Beverages) (b) | 1,866 | ||||||
382,804 | Vedanta Ltd. (Metals & Mining) | 818 | ||||||
828,213 | Wipro Ltd. (IT Services) (a) | 2,852 | ||||||
22,406 | ZEE Entertainment Enterprises Ltd. (Media) (a) | 92 | ||||||
|
| |||||||
132,084 | ||||||||
|
| |||||||
Indonesia — 2.08% |
| |||||||
687,800 | Indah Kiat Pulp & Paper TBK (Paper & Forest Products) | 381 | ||||||
286,100 | Pabrik Kertas Tjiwi (Paper & Forest Products) | 212 | ||||||
1,627,800 | PT Astra International Tbk (Automobiles) | 812 | ||||||
2,136,400 | PT Bank Central Asia Tbk (Banks) | 5,145 | ||||||
16,210,000 | PT Bank Rakyat Indonesia Persero Tbk (Banks) | 5,139 |
See accompanying notes to financial statements.
151
HC CAPITAL TRUST
The Emerging Markets Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Indonesia (continued) |
| |||||||
2,244,400 | PT Charoen Pokphand Indonesia Tbk (Food Products) | $ | 1,051 | |||||
436,600 | PT Indocement Tunggal Prakarsa Tbk (Construction Materials) | 598 | ||||||
2,506,800 | PT Indofood Sukses Makmur Tbk (Food Products) | 1,431 | ||||||
50,910,026 | PT Kalbe Farma Tbk (Pharmaceuticals) | 5,942 | ||||||
3,254,500 | PT Perusahaan Gas Negara Tbk (Gas Utilities) | 509 | ||||||
913,200 | PT Semen Gresik (Persero) Tbk (Construction Materials) | 790 | ||||||
15,999,350 | PT Telekomunikasi Indonesia Persero Tbk (Diversified Telecommunication Services) (a) | 4,576 | ||||||
814,800 | PT United Tractors Tbk (Oil, Gas & Consumable Fuels) | 1,264 | ||||||
|
| |||||||
27,850 | ||||||||
|
| |||||||
Luxembourg — 0.01% |
| |||||||
1,000 | Globant SA (Software) (b) | 106 | ||||||
|
| |||||||
Malaysia — 1.45% |
| |||||||
741,500 | AMMB Holdings Berhad (Banks) | 709 | ||||||
2,347,300 | Dialog Group Berhad (Energy Equipment & Services) | 1,980 | ||||||
281,400 | Hartalega Holdings Berhad (Health Care Equipment & Supplies) | 377 | ||||||
1,093,800 | IHH Healthcare Berhad (Health Care Providers & Services) | 1,463 | ||||||
2,223,000 | IOI Corp. Berhad (Food Products) | 2,506 | ||||||
857,914 | Malayan Banking Berhad (Banks) | 1,812 | ||||||
741,400 | Maxis Berhad (Wireless Telecommunication Services) (a) | 965 | ||||||
2,095,300 | Press Metal Aluminum Holdings (Metals & Mining) | 2,383 | ||||||
95,000 | Public Bank Berhad (Banks) | 452 | ||||||
1,414,700 | Ql Resources Berhad (Food Products) | 2,814 | ||||||
1,695,900 | Sime Darby Berhad (Industrial Conglomerates) | 921 | ||||||
1,695,900 | Sime Darby Plantation Berhad (Food Products) | 2,260 | ||||||
310,700 | Top Glove Corp. Berhad (Health Care Equipment & Supplies) | 357 | ||||||
1,566,312 | YTL Corp. Berhad (Multi-Utilities) | 375 | ||||||
|
| |||||||
19,374 | ||||||||
|
| |||||||
Mexico — 2.34% |
| |||||||
5,161,500 | America Movil SAB de CV (Wireless Telecommunication Services) | 4,123 | ||||||
2,686,000 | CEMEX SAB de CV (Construction Materials) | 1,006 | ||||||
386,200 | Coca-Cola Femsa SAB de CV (Beverages) | 2,347 | ||||||
573,300 | Fibra Uno Amdinistracion SA (Equity Real Estate Investment Trusts) (a) | 888 | ||||||
90,211 | Fomento Economico Mexicano SAB de CV, ADR (Beverages) | 8,526 | ||||||
204,305 | Grupo Aeroportuario del Sureste SAB de CV, Class – B (Transportation Infrastructure) | 3,826 | ||||||
363,500 | Grupo Bimbo SAB de CV, Series A (Food Products) | 662 |
Shares | Security Description | Value (000) | ||||||
Mexico — (continued) |
| |||||||
461,100 | Grupo Financiero Banorte SAB de CV (Banks) | $ | 2,577 | |||||
724,545 | Grupo Mexico SAB de CV, Series B (Metals & Mining) | 1,988 | ||||||
255,700 | Grupo Televisa SAB de CV (Media) | 600 | ||||||
1,231,800 | Kimberly-Clark de Mexico SAB de CV, A Shares (Household Products) | 2,444 | ||||||
1,063,125 | Orbia Advance Corp SAB de CV (Chemicals) | 2,268 | ||||||
|
| |||||||
31,255 | ||||||||
|
| |||||||
Netherlands — 0.24% |
| |||||||
42,500 | Prosus N.V. (Internet & Direct Marketing Retail) (b) | 3,171 | ||||||
|
| |||||||
Peru — 0.71% |
| |||||||
154,656 | Compania de Minas Buenaventura SA, ADR (Metals & Mining) | 2,335 | ||||||
700 | Credicorp Ltd. (Banks) | 149 | ||||||
33,100 | Credicorp Ltd. (Banks) | 7,055 | ||||||
|
| |||||||
9,539 | ||||||||
|
| |||||||
Philippines — 1.14% |
| |||||||
1,181,140 | Aboitiz Equity Ventures, Inc. (Industrial Conglomerates) (a) | 1,201 | ||||||
719,500 | Aboitiz Power Corp. (Independent Power and Renewable Electricity Producers) | 486 | ||||||
2,876,473 | Metropolitan Bank & Trust Co. (Banks) | 3,766 | ||||||
17,765 | PLDT, Inc. (Wireless Telecommunication Services) | 347 | ||||||
457,290 | SM Investments Corp. (Industrial Conglomerates) | 9,420 | ||||||
|
| |||||||
15,220 | ||||||||
|
| |||||||
Poland — 0.63% |
| |||||||
189,543 | Bank Pekao SA (Banks) (a) | 5,020 | ||||||
4,987 | CD Projekt SA (Entertainment) | 368 | ||||||
3,670 | KGHM Polska Miedz SA (Metals & Mining) (b) | 92 | ||||||
236,005 | Powszechny Zaklad Ubezpieczen SA (Insurance) (a) | 2,491 | ||||||
269,900 | Telekomunikacja Polska SA (Diversified Telecommunication Services) (b) | 507 | ||||||
|
| |||||||
8,478 | ||||||||
|
| |||||||
Qatar — 0.45% |
| |||||||
1,361,550 | Industries Qatar QSC (Industrial Conglomerates) | 3,845 | ||||||
125,342 | Mesaieed Petrochemical Holding Co. (Chemicals) | 86 | ||||||
277,120 | Qatar National Bank (Banks) | 1,568 | ||||||
427,550 | The Commercial Bank of Qatar QSC (Banks) | 552 | ||||||
|
| |||||||
6,051 | ||||||||
|
| |||||||
Russia — 2.74% |
| |||||||
280,855 | Gazprom PJSC, ADR (Oil, Gas & Consumable Fuels) | 2,311 | ||||||
939,810 | Gazprom PJSC (Oil, Gas & Consumable Fuels) | 3,891 | ||||||
63,788 | LUKOIL (Oil, Gas & Consumable Fuels) | 6,355 | ||||||
38,160 | LUKOIL PJSC, ADR (Oil, Gas & Consumable Fuels) | 3,785 | ||||||
25,937 | Novatek OAO, Registered Shares, GDR (Oil, Gas & Consumable Fuels) | 5,265 |
See accompanying notes to financial statements.
152
HC CAPITAL TRUST
The Emerging Markets Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Russia (continued) |
| |||||||
1,013,417 | Sberbank of Russia PJSC (Banks) | $ | 4,169 | |||||
231,938 | Sberbank of Russia PJSC, ADR (Banks) | 3,813 | ||||||
113,164 | Severstal, Registered Shares, GDR (Metals & Mining) | 1,713 | ||||||
55,190 | Tatneft PJSC, Class – S (Oil, Gas & Consumable Fuels) | 677 | ||||||
2,363,836 | The Moscow Exchange (Capital Markets) | 4,113 | ||||||
814,600,000 | VTB Bank PJSC (Banks) | 604 | ||||||
|
| |||||||
36,696 | ||||||||
|
| |||||||
Saudi Arabia — 1.38% |
| |||||||
63,145 | Advanced Petrochemical Co. (Chemicals) | 832 | ||||||
149,250 | Al Rajhi Bank (Banks) | 2,603 | ||||||
103,614 | Banque Saudi Fransi (Banks) | 1,047 | ||||||
16,955 | Bupa Arabia For Cooperative Insurance Co. (Insurance) | 463 | ||||||
162,908 | Dar Al Arkan Real Estate Development Co. (Real Estate Management & Development) (b) | 478 | ||||||
262,721 | Emaar Economic City (Real Estate Management & Development) (b) | 669 | ||||||
15,003 | Etihad Etisalat Co. (Wireless Telecommunication Services) (b) | 100 | ||||||
166,492 | National Commercial Bank (Banks) | 2,186 | ||||||
286,661 | Riyad Bank (Banks) | 1,834 | ||||||
46,591 | Sahara International Petrochemical Co. (Chemicals) | 223 | ||||||
59,797 | Saudi Arabian Fertilizer Co. (Chemicals) | 1,236 | ||||||
98,341 | Saudi Arabian Mining Co. (Metals & Mining) (b) | 1,164 | ||||||
78,058 | Saudi Basic Industries Corp. (Chemicals) | 1,954 | ||||||
31,231 | Saudi Industrial Investment Group (Chemicals) | 200 | ||||||
127,544 | Saudi Kayan Petrochemical Co. (Chemicals) (b) | 377 | ||||||
62,907 | Saudi Telecom Co. (Diversified Telecommunication Services) | 1,707 | ||||||
119,910 | The Saudi British Bank (Banks) | 1,109 | ||||||
37,378 | The Savola Group (Food Products) (b) | 342 | ||||||
|
| |||||||
18,524 | ||||||||
|
| |||||||
South Africa — 5.34% |
| |||||||
8,100 | Absa Group Ltd. (Banks) | 86 | ||||||
50,032 | Anglo American Platinum Ltd. (Metals & Mining) | 4,673 | ||||||
84,699 | AngloGold Ashanti Ltd. (Metals & Mining) | 1,915 | ||||||
11,124 | Aspen Pharmacare Holdings Ltd. (Pharmaceuticals) (b) | 95 | ||||||
69,391 | Bid Corp. Ltd. (Food & Staples Retailing) | 1,637 | ||||||
6,139 | Bidvest Group Ltd. (Industrial Conglomerates) | 90 | ||||||
440,153 | Clicks Group Ltd. (Food & Staples Retailing) | 8,068 | ||||||
485,946 | Discovery Ltd. (Insurance) (a) | 4,188 | ||||||
109,992 | Exxaro Resources Ltd. (Oil, Gas & Consumable Fuels) (a) | 1,030 | ||||||
987,428 | FirstRand Ltd. (Diversified Financial Services) (a) | 4,429 | ||||||
23,283 | Gold Fields Ltd. (Metals & Mining) | 159 |
Shares | Security Description | Value (000) | ||||||
South Africa (continued) |
| |||||||
625,187 | Growthpoint Properties Ltd. (Equity Real Estate Investment Trusts) | $ | 987 | |||||
15,823 | Investec Ltd. (Capital Markets) | 94 | ||||||
3,537 | Kumba Iron Ore Ltd. (Metals & Mining) | 105 | ||||||
51,643 | Liberty Holdings Ltd. (Insurance) | 408 | ||||||
628,024 | Life Healthcare Group Holdings Ltd. (Health Care Providers & Services) | 1,106 | ||||||
542,500 | Momentum Metropolitan Holdings (Insurance) (a) | 847 | ||||||
8,188 | Mr. Price Group Ltd. (Specialty Retail) | 107 | ||||||
286,830 | MTN Group Ltd. (Wireless Telecommunication Services) | 1,690 | ||||||
79,012 | MultiChoice Group Ltd. (Media) (b) | 658 | ||||||
158,610 | Naspers Ltd. (Media) | 25,956 | ||||||
5,586 | Nedbank Group Ltd. (Banks) (a) | 86 | ||||||
65,767 | Old Mutual Ltd. (Insurance) | 92 | ||||||
5,531 | PSG Group Ltd. (Diversified Financial Services) | 93 | ||||||
43,185 | Rand Merchant Investment Holdings Ltd. (Insurance) | 95 | ||||||
1,249,711 | Redefine Properties Ltd. (Equity Real Estate Investment Trusts) | 675 | ||||||
7,269 | Remgro Ltd. (Diversified Financial Services) | 101 | ||||||
16,119 | RMB Holdings Ltd. (Diversified Financial Services) | 93 | ||||||
16,089 | Sanlam Ltd. (Insurance) (a) | 91 | ||||||
142,761 | Sasol Ltd. (Chemicals) | 3,095 | ||||||
9,822 | Shoprite Holdings Ltd. (Food & Staples Retailing) | 88 | ||||||
840,107 | Sibanye Gold Ltd. (Metals & Mining) (b) | 2,154 | ||||||
368,878 | Standard Bank Group Ltd. (Banks) | 4,435 | ||||||
23,610 | Telkom SA SOC Ltd. (Diversified Telecommunication Services) | 59 | ||||||
175,684 | The Foschini Group Ltd. (Specialty Retail) | 1,876 | ||||||
22,743 | Woolworths Holdings Ltd. (Multiline Retail) (a) | 79 | ||||||
|
| |||||||
71,440 | ||||||||
|
| |||||||
South Korea — 10.74% |
| |||||||
19,951 | AmorePacific Corp. (Personal Products) | 3,451 | ||||||
7,018 | Celltrion Healthcare Co. Ltd. (Health Care Providers & Services) (b) | 322 | ||||||
18,272 | Celltrion, Inc. (Biotechnology)^ (b) | 2,860 | ||||||
11,088 | CJ Cheiljedang Corp. (Food Products) | 2,421 | ||||||
3,672 | Daewoo Shipbuilding & Marine Engineering Co. Ltd. (Machinery) (b) | 88 | ||||||
20,870 | Dongbu Insurance Co. Ltd. (Insurance) (a) | 944 | ||||||
14,244 | E-Mart Co. Ltd. (Food & Staples Retailing) | 1,571 | ||||||
7,366 | Fila Korea Ltd. (Textiles, Apparel & Luxury Goods) | 338 | ||||||
30,590 | GS Holdings Corp. (Oil, Gas & Consumable Fuels) | 1,365 | ||||||
46,765 | Hana Financial Group, Inc. (Banks) | 1,492 | ||||||
2,925 | Hankook Tire & Technology Co. Ltd. (Auto Components) | 85 | ||||||
470,153 | Hanon Systems (Auto Components)^ | 4,534 | ||||||
42,887 | Hanwha Life Insurance Co. Ltd. (Insurance) | 86 | ||||||
3,634 | HDC Hyundai Development Co. Engineering & Construction (Construction & Engineering) | 81 |
See accompanying notes to financial statements.
153
HC CAPITAL TRUST
The Emerging Markets Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
South Korea (continued) |
| |||||||
3,023 | Helixmith Co. Ltd. (Biotechnology) (b) | $ | 242 | |||||
10,622 | HLB, Inc. (Leisure Products)^ (b) | 1,055 | ||||||
5,698 | Hotel Shilla Co. Ltd. (Specialty Retail) | 447 | ||||||
32,747 | Hyundai Engineering & Construction Co. Ltd. (Construction & Engineering) | 1,198 | ||||||
18,178 | Hyundai Marine & Fire Insurance Co. Ltd. (Insurance) | 424 | ||||||
18,489 | Hyundai Mobis Co. Ltd. (Auto Components) | 4,093 | ||||||
30,947 | Hyundai Motor Co. Ltd. (Automobiles) | 3,225 | ||||||
42,225 | Industrial Bank of Korea (Banks) | 431 | ||||||
70,198 | Kangwon Land, Inc. (Hotels, Restaurants & Leisure) | 1,797 | ||||||
48,138 | KB Financial Group, Inc. (Banks) (a) | 1,984 | ||||||
111,768 | Kia Motors Corp. (Automobiles) | 4,282 | ||||||
52,858 | Korea Electric Power Corp. (Electric Utilities) (b) | 1,271 | ||||||
16,803 | Korea Shipbuilding & Offshore Engineering Co. Ltd. (Machinery) (b) | 1,839 | ||||||
34,183 | KT&G Corp. (Tobacco) (a) | 2,773 | ||||||
6,700 | Kumho Petro Chemical Co. Ltd. (Chemicals) | 449 | ||||||
35,797 | LG Display Co. Ltd. (Electronic Equipment, Instruments & Components) (b) | 503 | ||||||
630 | LG Household & Health Care Ltd. (Personal Products) | 687 | ||||||
849 | LG Innotek Co. Ltd. (Electronic Equipment, Instruments & Components) | 103 | ||||||
1,278 | Medy-Tox, Inc. (Biotechnology) | 333 | ||||||
87,500 | Mirae Asset Daewoo Co. Ltd. (Capital Markets) | 571 | ||||||
22,275 | Naver Corp. (Interactive Media & Services) | 3,593 | ||||||
11,738 | NCsoft Corp. (Entertainment) | 5,492 | ||||||
88,865 | Pan Ocean Co. Ltd. (Marine) (b) | 349 | ||||||
16,203 | POSCO (Metals & Mining) | 3,314 | ||||||
6,713 | POSCO Chemical Co. Ltd. (Construction Materials)^ | 286 | ||||||
9,828 | Posco International Corp. (Trading Companies & Distributors) | 159 | ||||||
3,213 | Samsung Biologics Co. Ltd. (Life Sciences Tools & Services) (a)(b) | 1,203 | ||||||
16,220 | Samsung Card Co. Ltd. (Consumer Finance) | 541 | ||||||
10,104 | Samsung Electro-Mechanics Co. Ltd. (Electronic Equipment, Instruments & Components) | 1,092 | ||||||
784,821 | Samsung Electronics Co. Ltd. (Technology Hardware, Storage & Peripherals) | 37,873 | ||||||
54,624 | Samsung Engineering Co. Ltd. (Construction & Engineering) (a)(b) | 907 | ||||||
33,726 | Samsung Fire & Marine Insurance Co. Ltd. (Insurance) | 7,102 | ||||||
4,798 | Samsung SDI Co. Ltd. (Electronic Equipment, Instruments & Components) | 979 | ||||||
313,035 | Shinhan Financial Group Co. Ltd. (Banks) | 11,736 | ||||||
155,698 | SK Hynix, Inc. (Semiconductors & Semiconductor Equipment) | 12,671 | ||||||
20,360 | SK Innovation Co. Ltd. (Oil, Gas & Consumable Fuels)^ | 2,641 | ||||||
42,094 | SK Telecom Co. Ltd., ADR (Wireless Telecommunication Services) | 973 | ||||||
4,528 | SK Telecom Co. Ltd. (Wireless Telecommunication Services) | 932 |
Shares | Security Description | Value (000) | ||||||
South Korea (continued) |
| |||||||
28,080 | Woongjin Coway Co. Ltd. (Household Durables) | $ | 2,261 | |||||
226,272 | Woori Financial Group, Inc. (Banks) (b) | 2,270 | ||||||
|
| |||||||
143,719 | ||||||||
|
| |||||||
Taiwan — 11.65% |
| |||||||
74,000 | Airtac International Group (Machinery) | 1,152 | ||||||
1,342,672 | ASE Technology Holding Co. Ltd., Class – H (Semiconductors & Semiconductor Equipment) | 3,727 | ||||||
787,971 | Asia Cement Corp. (Construction Materials) | 1,260 | ||||||
313,000 | Asustek Computer, Inc. (Technology Hardware, Storage & Peripherals) | 2,417 | ||||||
30,000 | Catcher Technology Co. Ltd. (Technology Hardware, Storage & Peripherals) | 227 | ||||||
1,126,000 | Cheng Shin Rubber Industry Co. Ltd. (Auto Components) | 1,570 | ||||||
383,049 | Chicony Electronics Co. Ltd. (Technology Hardware, Storage & Peripherals) | 1,137 | ||||||
5,034,000 | China Development Financial Holding Corp. (Banks) | 1,634 | ||||||
307,000 | Chunghwa Telecom Co. Ltd. (Diversified Telecommunication Services) | 1,127 | ||||||
1,359,000 | Compal Electronics, Inc. (Technology Hardware, Storage & Peripherals) | 855 | ||||||
4,550,867 | E.Sun Financial Holding Co. Ltd. (Banks) | 4,235 | ||||||
42,000 | ECLAT Textile Co. Ltd. (Textiles, Apparel & Luxury Goods) | 565 | ||||||
454,000 | Far EasTone Telecommunications Co. Ltd. (Wireless Telecommunication Services) | 1,092 | ||||||
539,000 | Formosa Taffeta Co. Ltd. (Textiles, Apparel & Luxury Goods) | 615 | ||||||
2,709,996 | Fubon Financial Holding Co. Ltd. (Diversified Financial Services) | 4,195 | ||||||
356,000 | Giant Manufacturing Co. Ltd. (Leisure Products) | 2,530 | ||||||
51,000 | Globalwafers Co. Ltd. (Semiconductors & Semiconductor Equipment) | 651 | ||||||
58,700 | Highwealth Construction Corp. (Real Estate Management & Development) | 91 | ||||||
183,340 | Hiwin Technologies Corp. (Machinery) | 1,718 | ||||||
1,201,000 | Hon Hai Precision Industry Co. Ltd. (Electronic Equipment, Instruments & Components) | 3,638 | ||||||
399,000 | Innolux Corp. (Electronic Equipment, Instruments & Components) | 111 | ||||||
839,000 | Inventec Corp. (Technology Hardware, Storage & Peripherals) | 640 | ||||||
60,165 | Largan Precision Co. Ltd. (Electronic Equipment, Instruments & Components) | 10,036 | ||||||
1,231,554 | Lite-On Technology Corp. (Technology Hardware, Storage & Peripherals) | 2,028 | ||||||
499,962 | MediaTek, Inc. (Semiconductors & Semiconductor Equipment) | 7,397 | ||||||
3,561,477 | Mega Financial Holding Co. Ltd. (Banks) | 3,636 | ||||||
58,000 | Nanya Technology Corp. (Semiconductors & Semiconductor Equipment) (a) | 161 | ||||||
71,000 | Novatek Microelectronics Corp. (Semiconductors & Semiconductor Equipment) | 519 | ||||||
589,000 | Pegatron Corp. (Technology Hardware, Storage & Peripherals) | 1,344 | ||||||
99,620 | Pou Chen Corp. (Textiles, Apparel & Luxury Goods) | 130 |
See accompanying notes to financial statements.
154
HC CAPITAL TRUST
The Emerging Markets Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Common Stocks (continued) | ||||||||
Taiwan (continued) |
| |||||||
150,000 | Powertech Technology, Inc. (Semiconductors & Semiconductor Equipment) | $ | 499 | |||||
2,761,000 | President Enterprises Corp. (Food Products) | 6,835 | ||||||
1,369,000 | Quanta Computer, Inc. (Technology Hardware, Storage & Peripherals) | 2,937 | ||||||
179,280 | Ruentex Development Co. Ltd. (Real Estate Management & Development) | 270 | ||||||
225,000 | Ruentex Industries Ltd. (Textiles, Apparel & Luxury Goods) | 552 | ||||||
1,533,200 | Standard Foods Corp. (Food Products) | 3,560 | ||||||
637,900 | Synnex Technology International Corp. (Electronic Equipment, Instruments & Components) | 798 | ||||||
1,410,189 | Taiwan Cement Corp. (Construction Materials) | 2,056 | ||||||
249,000 | Taiwan Mobile Co. Ltd. (Wireless Telecommunication Services) | 930 | ||||||
6,104,155 | Taiwan Semiconductor Manufacturing Co. Ltd. (Semiconductors & Semiconductor Equipment) | 67,407 | ||||||
1,683,000 | Tatung Co. Ltd. (Household Durables) (b) | 1,179 | ||||||
176,243 | The Shanghai Commercial & Savings Bank Ltd. (Banks) | 306 | ||||||
1,000 | Vanguard International Semiconductor Corp. (Semiconductors & Semiconductor Equipment) | 3 | ||||||
59,000 | Walsin Technology Corp. (Electronic Equipment, Instruments & Components) | 470 | ||||||
42,000 | Win Semiconductors Corp. (Semiconductors & Semiconductor Equipment) | 412 | ||||||
238,000 | Winbond Electronics Corp. (Semiconductors & Semiconductor Equipment) | 155 | ||||||
1,877,155 | Wistron Corp. (Technology Hardware, Storage & Peripherals) | 1,775 | ||||||
686,400 | WPG Holdings Ltd. (Electronic Equipment, Instruments & Components) | 895 | ||||||
29,000 | Yageo Corp. (Electronic Equipment, Instruments & Components) | 423 | ||||||
5,945,000 | Yuanta Financial Holding Co. Ltd. (Capital Markets) | 4,006 | ||||||
|
| |||||||
155,906 | ||||||||
|
| |||||||
Thailand — 2.13% |
| |||||||
275,000 | Advanced Info Service Public Co. Ltd. (Wireless Telecommunication Services) | 1,956 | ||||||
379,300 | Airports of Thailand PCL (Transportation Infrastructure) | 940 | ||||||
12,200 | Bangkok Bank Public Co. Ltd. – Foreign Registered Shares (Banks) | 65 | ||||||
16,300 | Bangkok Bank Public Co. Ltd. – NVDR (Banks) | 87 | ||||||
946,200 | Banpu Public Co. Ltd., Registered Shares (Oil, Gas & Consumable Fuels) | 376 | ||||||
691,100 | Berli Jucker PCL (Food & Staples Retailing) | 969 | ||||||
3,111,600 | BTS Group Holdings PCL (Road & Rail) | 1,371 | ||||||
619,000 | Delta Electronics Public Co. Ltd. – NVDR (Electronic Equipment, Instruments & Components) | 3,129 | ||||||
688,700 | Energy Absolute PCL (Independent Power and Renewable Electricity Producers) | 1,006 | ||||||
415,000 | Gulf Energy Development PCL (Independent Power and Renewable Electricity Producers) | 2,300 |
Shares | Security Description | Value (000) | ||||||
Thailand (continued) |
| |||||||
89,800 | Indorama Ventures PCL – NVDR (Chemicals) | $ | 105 | |||||
702,400 | Kasikornbank Public Co. Ltd. (Banks) | 3,541 | ||||||
6,748,600 | Krung Thai Bank Public Co. Ltd., Registered Shares (Banks) | 3,695 | ||||||
682,900 | Minor International PCL (Hotels, Restaurants & Leisure) | 821 | ||||||
1,177,700 | Muangthai Capital PCL (Consumer Finance) | 2,507 | ||||||
429,142 | PTT Chemical Public Co. Ltd. (Chemicals) | 817 | ||||||
634,175 | PTT Exploration & Production Public Co. Ltd. (Oil, Gas & Consumable Fuels) | 2,637 | ||||||
108,400 | Robinson PCL (Multiline Retail) | 239 | ||||||
411,000 | Siam Commercial Bank Public Co. Ltd. – NVDR (Banks) | 1,674 | ||||||
98,100 | Thai Oil Public Co. Ltd. (Oil, Gas & Consumable Fuels) | 228 | ||||||
|
| |||||||
28,463 | ||||||||
|
| |||||||
Turkey — 0.66% |
| |||||||
230,178 | Aselsan Elektronik Sanayi VE Ticaret A/S (Aerospace & Defense) | 812 | ||||||
39,242 | BIM Birlesik Magazalar A/S (Food & Staples Retailing) | 308 | ||||||
4,256,558 | Enka Insaat ve Sanayi A/S (Industrial Conglomerates) | 4,601 | ||||||
693,800 | Eregli Demir ve Celik Fabrikalari TAS (Metals & Mining) | 1,056 | ||||||
1 | Kardemir Karabuk Demir Celik Sanayi ve Ticaret A/S, Class – D (Metals & Mining) | — | ||||||
162,200 | TAV Havalimanlari Holding A/S (Transportation Infrastructure) | 797 | ||||||
40,398 | Turk Hava Yollari Anonim Ortakligi A/S (Airlines) (b) | 98 | ||||||
524,122 | Turkcell Iletisim Hizmetleri A/S (Wireless Telecommunication Services) | 1,218 | ||||||
|
| |||||||
8,890 | ||||||||
|
| |||||||
United Arab Emirates — 0.40% |
| |||||||
193,132 | Abu Dhabi Commercial Bank PJSC (Banks) | 416 | ||||||
145,077 | DP World Ltd. (Transportation Infrastructure) | 1,901 | ||||||
488,800 | Dubai Islamic Bank PJSC (Banks) | 733 | ||||||
542,072 | First Abu Dhabi Bank PJSC (Banks) | 2,238 | ||||||
|
| |||||||
5,288 | ||||||||
|
| |||||||
United Kingdom — 1.87% |
| |||||||
781,481 | Antofagasta PLC (Metals & Mining) | 9,489 | ||||||
219,148 | Mondi PLC (Paper & Forest Products) | 5,108 | ||||||
181,734 | Unilever PLC (Personal Products) | 10,471 | ||||||
|
| |||||||
25,068 | ||||||||
|
| |||||||
United States — 0.55% |
| |||||||
6,800 | Southern Copper Corp. (Metals & Mining) | 289 | ||||||
147,950 | Yum China Holdings, Inc. (Hotels, Restaurants & Leisure) | 7,103 | ||||||
|
| |||||||
7,392 | ||||||||
|
| |||||||
Total Common Stocks | 1,245,036 | |||||||
|
|
See accompanying notes to financial statements.
155
HC CAPITAL TRUST
The Emerging Markets Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Shares | Security Description | Value (000) | ||||||
Preferred Stocks — 1.18% | ||||||||
Brazil — 0.82% |
| |||||||
484,200 | Banco Bradesco SA – Preferred (Banks) (a) | $ | 4,354 | |||||
13,100 | Braskem SA – Preferred, Class – A (Chemicals) | 97 | ||||||
294,812 | Companhia Energetica de Minas Gerais SA – Preferred (Electric Utilities) | 1,011 | ||||||
24,400 | Gerdau SA – Preferred (Metals & Mining) | 121 | ||||||
435,100 | Lojas Americanas SA – Preferred (Multiline Retail) (a) | 2,803 | ||||||
31,935 | Petroleo Brasileiro SA — Preferred, ADR (Oil, Gas & Consumable Fuels) | 476 | ||||||
267,400 | Petroleo Brasileiro SA – Preferred (Oil, Gas & Consumable Fuels) | 2,007 | ||||||
|
| |||||||
10,869 | ||||||||
|
| |||||||
Chile — 0.01% |
| |||||||
5,610 | Sociedad Quimica y Minera de Chile SA – Preferred, B Shares (Chemicals) | 150 | ||||||
|
| |||||||
Colombia — 0.05% |
| |||||||
1,637,100 | Grupo Aval Acciones y Valores SA – Preferred (Banks) | 728 | ||||||
|
| |||||||
South Korea — 0.30% |
| |||||||
5,056 | Hyundai Motor Co. Ltd. – Preferred (Automobiles) | 314 | ||||||
7,683 | Hyundai Motor Co. Ltd. 2nd – Preferred (Automobiles) | 527 | ||||||
81,869 | Samsung Electronics Co. Ltd. – Preferred (Technology Hardware, Storage & Peripherals) | 3,215 | ||||||
|
| |||||||
4,056 | ||||||||
|
| |||||||
Total Preferred Stocks | 15,803 | |||||||
|
| |||||||
Right — 0.00% | ||||||||
Brazil — 0.00% |
| |||||||
4,199 | Lojas Americans (Multiline Retail) (b) | 10 | ||||||
|
| |||||||
Total Right | 10 | |||||||
|
| |||||||
Warrant — 0.00% | ||||||||
Thailand — 0.00% |
| |||||||
311,160 | BTS Group Holdings PCL (Road & Rail) | 10 | ||||||
|
| |||||||
Total Warrant | 10 | |||||||
|
| |||||||
Principal Amount (000) | ||||||||
U.S. Treasury Obligation — 0.09% | ||||||||
$ | 1,216 | U.S. Treasury Bill, 1.48%, 3/12/20 (c)(d) | 1,212 | |||||
|
| |||||||
Total U.S. Treasury Obligation | 1,212 | |||||||
|
|
Shares | Security Description | Value (000) | ||||||
Investment Companies — 6.37% | ||||||||
6,258,445 | Federated Treasury Obligations Fund, Institutional Shares, 2.29%^^ (e) | $ | 6,258 | |||||
78,945,945 | State Street Institutional Treasury Plus Money Market Fund, Trust Class, 1.49% (e) | 78,946 | ||||||
|
| |||||||
Total Investment Companies | 85,204 | |||||||
|
| |||||||
Total Investments | 1,347,275 | |||||||
Liabilities in excess of | (9,241 | ) | ||||||
|
| |||||||
Net Assets — 100.00% | $ | 1,338,034 | ||||||
|
|
Amounts | designated as “—” are $0 or have been rounded to $0. |
^ | All or part of this security was on loan as of December 31, 2019. The total value of securities on loan as of December 31, 2019, was $5,990 (amount in thousands). |
^^ | 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 December 31, 2019. |
(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. |
(c) | The rate disclosed represents effective yield at purchase. |
(d) | All or part of this security has been pledged as collateral for derivative instruments held by the Portfolio. |
(e) | The rate disclosed is the rate in effect on December 31, 2019. |
ADR — American Depositary Receipt
GDR — Global Depositary Receipt
NVDR — Non-Voting Depository Receipt
See accompanying notes to financial statements.
156
HC CAPITAL TRUST
The Emerging Markets Portfolio
Portfolio of Investments (concluded) — December 31, 2019 (Unaudited)
The following table reflects the percentage of total net assets of the Portfolio attributable to each Specialist Manager as of December 31, 2019.
The Emerging Markets Portfolio | Mellon Investments Corporation | Parametric Portfolio Associates, LLC | RBC Global Asset Management (UK) Limited | Total | ||||||||||||
Common Stocks | 70.50 | % | — | 22.55 | % | 93.05 | % | |||||||||
Preferred Stocks | 1.18 | % | — | — | 1.18 | % | ||||||||||
Right | 0.00 | % | — | — | 0.00 | % | ||||||||||
Warrant | 0.00 | % | — | — | 0.00 | % | ||||||||||
U.S. Treasury Obligation | 0.09 | % | — | — | 0.09 | % | ||||||||||
Investment Companies | 1.99 | % | 4.21 | % | 0.17 | % | 6.37 | % | ||||||||
Other Assets (Liabilities) | -0.32 | % | -0.30 | % | -0.07 | % | -0.69 | % | ||||||||
|
|
|
|
|
|
|
| |||||||||
Total Net Assets | 73.44 | % | 3.91 | % | 22.65 | % | 100.00 | % | ||||||||
|
|
|
|
|
|
|
|
Amounts designated as “—” indicate the Specialist Manager did not manage any holdings in that category.
Amounts designated as “0.00%” round to less than 0.005%.
The following table reflects the open derivative positions held by the Portfolio as of December 31, 2019.
Futures Contracts Purchased^
Description | Number of | Expiration Date | Notional Amount (000) | Value and Unrealized Appreciation/ (Depreciation) (000) | ||||||||||
MSCI Emerging Markets Index Future | 1,388 | 3/20/20 | $ | 77,742 | $ | 2,415 | ||||||||
|
|
|
| |||||||||||
$ | 77,742 | $ | 2,415 | |||||||||||
|
|
|
| |||||||||||
Total Unrealized Appreciation |
| $ | 2,415 | |||||||||||
Total Unrealized Depreciation |
| — | ||||||||||||
|
| |||||||||||||
Total Net Unrealized Appreciation/(Depreciation) |
| $ | 2,415 | |||||||||||
|
|
^ | Cash has been pledged as collateral for futures contracts held by the Portfolio. |
Amounts designated as “—” are $0 or have been rounded to $0.
See accompanying notes to financial statements.
157
HC CAPITAL TRUST
The Core Fixed Income Portfolio
Portfolio of Investments — December 31, 2019 (Unaudited)
Principal Amount (000) | Security Description | Rate % | Maturity Date | Value (000) | ||||||||||||
Asset Backed Securities — 0.41% | ||||||||||||||||
$ | 35 | Ally Auto Receivables Trust, Series 2019-2, Class – A4, Callable 12/15/22 @ 100.00 | 2.26 | 8/15/24 | $ | 35 | ||||||||||
25 | CarMax Auto Owner Trust, Series 2017-2, Class – A4, Callable 7/15/21 @ 100.00 | 2.25 | 9/15/22 | 25 | ||||||||||||
100 | Citibank Credit Card Issuance Trust, Series 2014-A5, Class – A5 | 2.68 | 6/7/23 | 102 | ||||||||||||
20 | GM Financial Consumer Automobile Receivables Trust, Series 2018-3, Class – A3, | 3.02 | 5/16/23 | 20 | ||||||||||||
15 | Hyundai Auto Receivables Trust, Series 2019-B, Class – A3, Callable 10/15/23 @ 100.00 | 1.94 | 2/15/24 | 15 | ||||||||||||
25 | Nissan Auto Receivables Owner Trust, Series 2019-A, Class – A3, Callable 3/15/23 @ 100.00 | 2.90 | 10/16/23 | 25 | ||||||||||||
25 | Toyota Auto Receivables Owner Trust, Series 2018-A, Class – A4, Callable 1/15/22 @ 100.00 | 2.52 | 5/15/23 | 25 | ||||||||||||
18 | World Financial Network Credit Card Master Trust, Series 2016-A, Class – A | 2.03 | 4/15/25 | 18 | ||||||||||||
|
| |||||||||||||||
Total Asset Backed Securities | 265 | |||||||||||||||
|
| |||||||||||||||
Collateralized Mortgage Obligations — 1.53% | ||||||||||||||||
40 | Bank, Series 2017-BNK8, Class – A3 | 3.23 | 11/15/50 | 42 | ||||||||||||
25 | Bank, Series 2017-BNK9, Class – ASB | 3.47 | 11/15/54 | 26 | ||||||||||||
10 | Benchmark Mortgage Trust, Series 2019-B9, Class – A5 | 4.02 | 3/15/52 | 11 | ||||||||||||
25 | Citigroup Commercial Mortgage Trust, Series 2015-GC27, Class – A4 | 2.88 | 2/10/48 | 25 | ||||||||||||
20 | Citigroup Commercial Mortgage Trust, Series 2015-GC27, Class – A5 | 3.14 | 2/10/48 | 21 | ||||||||||||
25 | Citigroup Commercial Mortgage Trust, Series 2016-GC37, Class – A4 | 3.31 | 4/10/49 | 26 | ||||||||||||
25 | Citigroup Commercial Mortgage Trust, Series 2014-GC23, Class – A4 | 3.62 | 7/10/47 | 26 | ||||||||||||
25 | Commercial Mortgage Trust, Series 2015-LC19, Class – A4 | 3.18 | 2/10/48 | 26 | ||||||||||||
20 | Commercial Mortgage Trust, Series 2015-DC1, Class – A5 | 3.35 | 2/10/48 | 21 | ||||||||||||
25 | Commercial Mortgage Trust, Series 2013-CR8, Class – A5 | 3.61 | (a) | 6/10/46 | 26 | |||||||||||
25 | Commercial Mortgage Trust, Series 2014-UBS3, Class – A4 | 3.82 | 6/10/47 | 26 | ||||||||||||
25 | Commercial Mortgage Trust, Series 2013-CR11, Class – B | 5.11 | (a) | 8/10/50 | 26 | |||||||||||
10 | Fannie Mae-ACES, Series 2015-M8, Class – A2 | 2.90 | (a) | 1/25/25 | 10 | |||||||||||
25 | Fannie Mae-ACES, Series 2016-M1, Class – A2 | 2.94 | (a) | 1/25/26 | 26 | |||||||||||
25 | Fannie Mae-ACES, Series 2018-M1, Class – A2 | 2.99 | (a) | 12/25/27 | 26 | |||||||||||
25 | Fannie Mae-ACES, Series 2017-M12, Class – A2 | 3.08 | (a) | 6/25/27 | 26 | |||||||||||
30 | Fannie Mae-ACES, Series 2014-M9, Class – A2 | 3.10 | (a) | 7/25/24 | 31 | |||||||||||
20 | Fannie Mae-ACES, Series 2019-M5, Class – A2 | 3.27 | 1/25/29 | 21 | ||||||||||||
25 | Fannie Mae-ACES, Series 2018-M10, Class – A2 | 3.38 | (a) | 7/25/28 | 27 | |||||||||||
25 | Freddie Mac Multifamily Structured Pass-Through Certificates, Series K023, Class – A2 | 2.31 | 8/25/22 | 25 | ||||||||||||
35 | Freddie Mac Multifamily Structured Pass-Through Certificates, Series K726, Class – A2 | 2.91 | 7/25/49 | 36 | ||||||||||||
8 | Freddie Mac Multifamily Structured Pass-Through Certificates, Series K032, Class – A1 | 3.02 | 2/25/23 | 9 | ||||||||||||
30 | Freddie Mac Multifamily Structured Pass-Through Certificates, Series K033, Class – A2 | 3.06 | (a) | 7/25/23 | 31 | |||||||||||
19 | Freddie Mac Multifamily Structured Pass-Through Certificates, Series K716, Class – A2 | 3.13 | 6/25/21 | 19 | ||||||||||||
25 | Freddie Mac Multifamily Structured Pass-Through Certificates, Series K052, Class – A2 | 3.15 | 11/25/25 | 26 | ||||||||||||
25 | Freddie Mac Multifamily Structured Pass-Through Certificates, Series K082, Class – A2 | 3.92 | (a) | 9/25/28 | 28 | |||||||||||
25 | GS Mortgage Securities Trust, Series 2017-GS5, Class – A2 | 3.22 | 3/10/50 | 25 | ||||||||||||
50 | GS Mortgage Securities Trust, Series 2018-GS9, Class – A4 | 3.99 | (a) | 3/10/51 | 56 | |||||||||||
25 | JPMBB Commercial Mortgage Securities Trust, Series 2014-C24, Class – A5 | 3.64 | 11/15/47 | 26 | ||||||||||||
50 | JPMDB Commercial Mortgage Securities Trust, Series 2016-C4, Class – A3 | 3.14 | 12/15/49 | 52 | ||||||||||||
19 | JPMorgan Chase Commercial Mortgage Securities Corp., Series 2012-C8, Class – A3 | 2.83 | 10/15/45 | 20 | ||||||||||||
25 | Morgan Stanley BAML Trust, Series 2013-C9, Class – AS | 3.46 | 5/15/46 | 26 | ||||||||||||
25 | Morgan Stanley BAML Trust, Series 2014-C19, Class – A4 | 3.53 | 12/15/47 | 26 | ||||||||||||
25 | Morgan Stanley BAML Trust, Series 2017-C33, Class – A5 | 3.60 | 5/15/50 | 27 | ||||||||||||
25 | SG Commercial Mortgage Securities Trust, Series 2016-C5, Class – A4 | 3.06 | 10/10/48 | 26 | ||||||||||||
25 | UBS Commercial Mortgage Trust, Series 2018-C12, Class – A5 | 4.30 | 8/15/51 | 28 | ||||||||||||
25 | Wells Fargo Commercial Mortgage Trust, Series 2018-C47, Class – A4 | 4.44 | 9/15/61 | 28 | ||||||||||||
|
| |||||||||||||||
Total Collateralized Mortgage Obligations | 983 | |||||||||||||||
|
| |||||||||||||||
U.S. Government Agency Mortgages — 21.05% | ||||||||||||||||
27 | Fannie Mae, Pool #AS2673 | 2.00 | 5/1/29 | 27 | ||||||||||||
19 | Fannie Mae, Pool #MA3246 | 2.50 | 1/1/33 | 20 | ||||||||||||
36 | Fannie Mae, Pool #AU6677 | 2.50 | 9/1/28 | 36 | ||||||||||||
34 | Fannie Mae, Pool #BC9041 | 2.50 | 11/1/31 | 34 |
See accompanying notes to financial statements.
158
HC CAPITAL TRUST
The Core Fixed Income Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Principal Amount (000) | Security Description | Rate % | Maturity Date | Value (000) | ||||||||||||
U.S. Government Agency Mortgages (continued) | ||||||||||||||||
$ | 29 | Fannie Mae, Pool #AB7391 | 2.50 | 12/1/42 | $ | 29 | ||||||||||
18 | Fannie Mae, Pool #MA2789 | 2.50 | 10/1/36 | 18 | ||||||||||||
27 | Fannie Mae, Pool #MA1277 | 2.50 | 12/1/27 | 27 | ||||||||||||
21 | Fannie Mae, Pool #BD8046 | 2.50 | 9/1/31 | 22 | ||||||||||||
53 | Fannie Mae, Pool #AP4742 | 2.50 | 8/1/27 | 54 | ||||||||||||
18 | Fannie Mae, Pool #MA3154 | 2.50 | 10/1/32 | 18 | ||||||||||||
19 | Fannie Mae, Pool #AS4946 | 2.50 | 5/1/30 | 19 | ||||||||||||
26 | Fannie Mae, Series 2015-M1, Class A2 | 2.53 | 9/25/24 | 26 | ||||||||||||
28 | Fannie Mae, Pool #AB2047 | 3.00 | 1/1/26 | 28 | ||||||||||||
27 | Fannie Mae, Pool #AS5977 | 3.00 | 10/1/30 | 28 | ||||||||||||
24 | Fannie Mae, Pool #FM1299 | 3.00 | 7/1/49 | 25 | ||||||||||||
21 | Fannie Mae, Pool #MA3237 | 3.00 | 1/1/48 | 22 | ||||||||||||
25 | Fannie Mae, Pool #MA3802 | 3.00 | 10/1/49 | 25 | ||||||||||||
20 | Fannie Mae, Pool #MA1307 | 3.00 | 1/1/33 | 21 | ||||||||||||
24 | Fannie Mae, Pool #MA3744 | 3.00 | 8/1/49 | 25 | ||||||||||||
20 | Fannie Mae, Pool #MA2863 | 3.00 | 1/1/47 | 20 | ||||||||||||
14 | Fannie Mae, Pool #MA2523 | 3.00 | 2/1/36 | 15 | ||||||||||||
19 | Fannie Mae, Pool #MA3339 | 3.00 | 4/1/33 | 20 | ||||||||||||
23 | Fannie Mae, Pool #AS8414 | 3.00 | 11/1/46 | 24 | ||||||||||||
21 | Fannie Mae, Pool #BH8817 | 3.00 | 10/1/47 | 21 | ||||||||||||
40 | Fannie Mae, Pool #BD2446 | 3.00 | 1/1/47 | 41 | ||||||||||||
46 | Fannie Mae, Pool #MA2246 | 3.00 | 4/1/30 | 47 | ||||||||||||
14 | Fannie Mae, Pool # MA2416 | 3.00 | 10/1/35 | 14 | ||||||||||||
47 | Fannie Mae, Pool #AY2961 | 3.00 | 5/1/45 | 48 | ||||||||||||
38 | Fannie Mae, Pool #BC4764 | 3.00 | 10/1/46 | 39 | ||||||||||||
38 | Fannie Mae, Pool #BC9003 | 3.00 | 11/1/46 | 39 | ||||||||||||
23 | Fannie Mae, Pool #FM1370 | 3.00 | 4/1/46 | 24 | ||||||||||||
19 | Fannie Mae, Pool #MA2897 | 3.00 | 2/1/37 | 19 | ||||||||||||
38 | Fannie Mae, Pool #AS8276 | 3.00 | 11/1/46 | 39 | ||||||||||||
23 | Fannie Mae, Pool #AZ2936 | 3.00 | 9/1/45 | 23 | ||||||||||||
15 | Fannie Mae, Pool #890566 | 3.00 | 12/1/43 | 15 | ||||||||||||
23 | Fannie Mae, Pool #MA3377 | 3.00 | 5/1/48 | 23 | ||||||||||||
19 | Fannie Mae, Pool #AS8739 | 3.00 | 2/1/37 | 19 | ||||||||||||
79 | Fannie Mae, Pool #AS8483 | 3.00 | 12/1/46 | 81 | ||||||||||||
22 | Fannie Mae, Pool #AL9263 | 3.00 | 10/1/46 | 23 | ||||||||||||
19 | Fannie Mae, Pool #MA3127 | 3.00 | 9/1/37 | 19 | ||||||||||||
25 | Fannie Mae, Pool #MA3831 | 3.00 | 11/1/39 | 25 | ||||||||||||
48 | Fannie Mae, Pool #AK0006 | 3.00 | 1/1/27 | 49 | ||||||||||||
53 | Fannie Mae, Pool #AB8897 | 3.00 | 4/1/43 | 55 | ||||||||||||
19 | Fannie Mae, Pool #AL9996 | 3.00 | 4/1/32 | 20 | ||||||||||||
10 | Fannie Mae, Pool #AO7628 | 3.00 | 6/1/27 | 10 | ||||||||||||
25 | Fannie Mae, Pool #AU3353 | 3.00 | 8/1/43 | 25 | ||||||||||||
40 | Fannie Mae, Pool #AL9865 | 3.00 | 2/1/47 | 41 | ||||||||||||
44 | Fannie Mae, Pool #AQ7920 | 3.00 | 12/1/42 | 45 | ||||||||||||
71 | Fannie Mae, Pool #AB7099 | 3.00 | 11/1/42 | 73 | ||||||||||||
57 | Fannie Mae, Pool #AS0302 | 3.00 | 8/1/43 | 58 | ||||||||||||
83 | Fannie Mae, Pool #AO0752 | 3.00 | 4/1/42 | 86 | ||||||||||||
19 | Fannie Mae, Pool #BD5545 | 3.00 | 10/1/46 | 19 | ||||||||||||
37 | Fannie Mae, Pool #AS7908 | 3.00 | 9/1/46 | 38 | ||||||||||||
51 | Fannie Mae, Pool #AT0682 | 3.00 | 4/1/43 | 52 | ||||||||||||
19 | Fannie Mae, Pool #BC0443 | 3.50 | 12/1/45 | 19 | ||||||||||||
39 | Fannie Mae, Pool #MA3182 | 3.50 | 11/1/47 | 41 | ||||||||||||
15 | Fannie Mae, Pool # MA2522 | 3.50 | 2/1/46 | 15 | ||||||||||||
19 | Fannie Mae, Pool #BM1568 | 3.50 | 7/1/47 | 20 |
See accompanying notes to financial statements.
159
HC CAPITAL TRUST
The Core Fixed Income Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Principal Amount (000) | Security Description | Rate % | Maturity Date | Value (000) | ||||||||||||
U.S. Government Agency Mortgages (continued) | ||||||||||||||||
$ | 29 | Fannie Mae, Pool # AS6102 | 3.50 | 11/1/45 | $ | 30 | ||||||||||
29 | Fannie Mae, Pool #AB2052 | 3.50 | 1/1/26 | 30 | ||||||||||||
29 | Fannie Mae, Pool #AS7388 | 3.50 | 6/1/46 | 30 | ||||||||||||
21 | Fannie Mae, Pool #MA3148 | 3.50 | 10/1/47 | 22 | ||||||||||||
36 | Fannie Mae, Pool #MA3026 | 3.50 | 6/1/47 | 38 | ||||||||||||
19 | Fannie Mae, Pool #AS0024 | 3.50 | 7/1/43 | 20 | ||||||||||||
13 | Fannie Mae, Pool #BA1893 | 3.50 | 8/1/45 | 14 | ||||||||||||
135 | Fannie Mae, Pool #AO2548 | 3.50 | 4/1/42 | 143 | ||||||||||||
21 | Fannie Mae, Pool #MA3305 | 3.50 | 3/1/48 | 22 | ||||||||||||
13 | Fannie Mae, Pool #AS4236 | 3.50 | 1/1/45 | 13 | ||||||||||||
20 | Fannie Mae, Pool #BK9038 | 3.50 | 10/1/33 | 20 | ||||||||||||
15 | Fannie Mae, Pool #AS6394 | 3.50 | 12/1/45 | 15 | ||||||||||||
17 | Fannie Mae, Pool #MA3059 | 3.50 | 7/1/37 | 18 | ||||||||||||
30 | Fannie Mae, Pool # MA2706 | 3.50 | 8/1/46 | 32 | ||||||||||||
14 | Fannie Mae, Pool #MA2389 | 3.50 | 9/1/35 | 15 | ||||||||||||
31 | Fannie Mae, Pool #AS7491 | 3.50 | 7/1/46 | 33 | ||||||||||||
21 | Fannie Mae, Pool #BJ3716 | 3.50 | 12/1/47 | 22 | ||||||||||||
18 | Fannie Mae, Pool #BD5046 | 3.50 | 2/1/47 | 19 | ||||||||||||
40 | Fannie Mae, Pool #MA3520 | 3.50 | 10/1/48 | 41 | ||||||||||||
50 | Fannie Mae, Pool #AS3133 | 3.50 | 8/1/44 | 52 | ||||||||||||
21 | Fannie Mae, Pool #AL1717 | 3.50 | 5/1/27 | 22 | ||||||||||||
26 | Fannie Mae, Pool #BC1158 | 3.50 | 2/1/46 | 27 | ||||||||||||
12 | Fannie Mae, Pool #AS5596 | 3.50 | 8/1/45 | 12 | ||||||||||||
19 | Fannie Mae, Pool #MA3494 | 3.50 | 10/1/48 | 20 | ||||||||||||
41 | Fannie Mae, Pool #AB5511 | 3.50 | 7/1/42 | 43 | ||||||||||||
22 | Fannie Mae, Pool #BM4703 | 3.50 | 2/1/48 | 23 | ||||||||||||
42 | Fannie Mae, Pool #BJ4916 | 3.50 | 3/1/48 | 44 | ||||||||||||
19 | Fannie Mae, Pool #MA3614 | 3.50 | 3/1/49 | 19 | ||||||||||||
19 | Fannie Mae, Pool #BM5485 | 3.50 | 2/1/49 | 20 | ||||||||||||
73 | Fannie Mae, Pool #AQ0546 | 3.50 | 11/1/42 | 76 | ||||||||||||
39 | Fannie Mae, Pool #MA3243 | 3.50 | 1/1/38 | 41 | ||||||||||||
18 | Fannie Mae, Pool #MA3597 | 3.50 | 2/1/49 | 19 | ||||||||||||
23 | Fannie Mae, Pool #MA3692 | 3.50 | 7/1/49 | 24 | ||||||||||||
30 | Fannie Mae, Pool # BA3123 | 3.50 | 2/1/46 | 31 | ||||||||||||
25 | Fannie Mae, Pool #FM1911 | 3.50 | 7/1/48 | 26 | ||||||||||||
15 | Fannie Mae, Pool #AJ1886 | 3.50 | 3/1/42 | 15 | ||||||||||||
47 | Fannie Mae, Pool #AS4771 | 3.50 | 4/1/45 | 49 | ||||||||||||
38 | Fannie Mae, Pool #AS4772 | 3.50 | 4/1/45 | 39 | ||||||||||||
20 | Fannie Mae, Pool #MA3637 | 3.50 | 4/1/49 | 21 | ||||||||||||
32 | Fannie Mae, Pool # BC2926 | 3.50 | 3/1/46 | 33 | ||||||||||||
29 | Fannie Mae, Pool #AZ0862 | 3.50 | 7/1/45 | 30 | ||||||||||||
33 | Fannie Mae, Pool #MA1980 | 3.50 | 8/1/44 | 35 | ||||||||||||
81 | Fannie Mae, Pool #AB6017 | 3.50 | 8/1/42 | 85 | ||||||||||||
44 | Fannie Mae, Pool #MA2125 | 3.50 | 12/1/44 | 47 | ||||||||||||
32 | Fannie Mae, Pool #AS9314 | 4.00 | 3/1/47 | 34 | ||||||||||||
18 | Fannie Mae, Pool #BK0909 | 4.00 | 7/1/48 | 19 | ||||||||||||
95 | Fannie Mae, Pool #190405 | 4.00 | 10/1/40 | 103 | ||||||||||||
28 | Fannie Mae, Pool #AL8139 | 4.00 | 2/1/32 | 30 | ||||||||||||
56 | Fannie Mae, Pool #AJ5303 | 4.00 | 11/1/41 | 60 | ||||||||||||
19 | Fannie Mae, Pool #MA3277 | 4.00 | 2/1/48 | 19 | ||||||||||||
35 | Fannie Mae, Pool #BM1066 | 4.00 | 2/1/47 | 37 | ||||||||||||
14 | Fannie Mae, Pool #AS8532 | 4.00 | 12/1/46 | 15 | ||||||||||||
24 | Fannie Mae, Pool #FM0021 | 4.00 | 3/1/49 | 25 | ||||||||||||
17 | Fannie Mae, Pool #MA3615 | 4.00 | 3/1/49 | 18 |
See accompanying notes to financial statements.
160
HC CAPITAL TRUST
The Core Fixed Income Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Principal Amount (000) | Security Description | Rate % | Maturity Date | Value (000) | ||||||||||||
U.S. Government Agency Mortgages (continued) | ||||||||||||||||
$ | 16 | Fannie Mae, Pool #BE8373 | 4.00 | 2/1/47 | $ | 17 | ||||||||||
21 | Fannie Mae, Pool #BD7165 | 4.00 | 4/1/47 | 22 | ||||||||||||
23 | Fannie Mae, Pool #AU8849 | 4.00 | 11/1/43 | 24 | ||||||||||||
17 | Fannie Mae, Pool #AS7600 | 4.00 | 7/1/46 | 17 | ||||||||||||
19 | Fannie Mae, Pool #BD7060 | 4.00 | 3/1/47 | 20 | ||||||||||||
17 | Fannie Mae, Pool #CA0183 | 4.00 | 8/1/47 | 18 | ||||||||||||
16 | Fannie Mae, Pool #MA3592 | 4.00 | 2/1/49 | 17 | ||||||||||||
35 | Fannie Mae, Pool #MA2995 | 4.00 | 5/1/47 | 36 | ||||||||||||
40 | Fannie Mae, Pool #AO2959 | 4.00 | 5/1/42 | 43 | ||||||||||||
36 | Fannie Mae, Pool #AC7328 | 4.00 | 12/1/39 | 38 | ||||||||||||
19 | Fannie Mae, Pool #BK0920 | 4.00 | 7/1/48 | 19 | ||||||||||||
22 | Fannie Mae, Pool #MA0534 | 4.00 | 10/1/30 | 23 | ||||||||||||
39 | Fannie Mae, Pool #AS3468 | 4.00 | 10/1/44 | 41 | ||||||||||||
18 | Fannie Mae, Pool #BM4991 | 4.00 | 9/1/48 | 19 | ||||||||||||
18 | Fannie Mae, Pool #MA3183 | 4.00 | 11/1/47 | 19 | ||||||||||||
35 | Fannie Mae, Pool #MA3121 | 4.00 | 9/1/47 | 37 | ||||||||||||
19 | Fannie Mae, Pool #MA3638 | 4.00 | 4/1/49 | 20 | ||||||||||||
23 | Fannie Mae, Pool #AS3452 | 4.00 | 9/1/44 | 24 | ||||||||||||
14 | Fannie Mae, Pool #AZ7362 | 4.00 | 11/1/45 | 15 | ||||||||||||
7 | Fannie Mae, Pool #AZ1210 | 4.00 | 5/1/45 | 8 | ||||||||||||
18 | Fannie Mae, Pool #MA3521 | 4.00 | 11/1/48 | 19 | ||||||||||||
18 | Fannie Mae, Pool #CA2316 | 4.00 | 7/1/48 | 19 | ||||||||||||
10 | Fannie Mae, Pool #AY9901 | 4.00 | 7/1/45 | 11 | ||||||||||||
30 | Fannie Mae, Pool #AX0841 | 4.00 | 9/1/44 | 32 | ||||||||||||
33 | Fannie Mae, Pool #BM2002 | 4.00 | 10/1/47 | 35 | ||||||||||||
14 | Fannie Mae, Pool # MA2415 | 4.00 | 10/1/45 | 14 | ||||||||||||
35 | Fannie Mae, Pool #AS9831 | 4.00 | 6/1/47 | 36 | ||||||||||||
37 | Fannie Mae, Pool #AS8823 | 4.00 | 2/1/47 | 38 | ||||||||||||
24 | Fannie Mae, Pool #FM1960 | 4.00 | 5/1/49 | 25 | ||||||||||||
29 | Fannie Mae, Pool #AH6242 | 4.00 | 4/1/26 | 31 | ||||||||||||
24 | Fannie Mae, Pool #MA3746 | 4.00 | 8/1/49 | 25 | ||||||||||||
39 | Fannie Mae, Pool #AS3467 | 4.00 | 10/1/44 | 40 | ||||||||||||
11 | Fannie Mae, Pool #AV0606 | 4.00 | 11/1/43 | 11 | ||||||||||||
16 | Fannie Mae, Pool #AS2751 | 4.50 | 6/1/44 | 17 | ||||||||||||
45 | Fannie Mae, Pool #AE0954 | 4.50 | 2/1/41 | 49 | ||||||||||||
— | Fannie Mae, Pool #735646 | 4.50 | 7/1/20 | — | ||||||||||||
— | Fannie Mae, Pool #AB0339 | 4.50 | 1/1/20 | — | ||||||||||||
15 | Fannie Mae, Pool #AL6567 | 4.50 | 10/1/44 | 16 | ||||||||||||
8 | Fannie Mae, Pool #930998 | 4.50 | 4/1/29 | 9 | ||||||||||||
18 | Fannie Mae, Pool #BK6328 | 4.50 | 6/1/48 | 19 | ||||||||||||
17 | Fannie Mae, Pool #MA3537 | 4.50 | 12/1/48 | 18 | ||||||||||||
19 | Fannie Mae, Pool #BK4850 | 4.50 | 5/1/48 | 20 | ||||||||||||
20 | Fannie Mae, Pool #MA3639 | 4.50 | 4/1/49 | 21 | ||||||||||||
10 | Fannie Mae, Pool #BE6489 | 4.50 | 1/1/47 | 11 | ||||||||||||
2 | Fannie Mae, Pool #829106 | 4.50 | 10/1/20 | 2 | ||||||||||||
11 | Fannie Mae, Pool #AU9017 | 4.50 | 9/1/43 | 11 | ||||||||||||
18 | Fannie Mae, Pool #BN4309 | 4.50 | 1/1/49 | 19 | ||||||||||||
19 | Fannie Mae, Pool #BM3286 | 4.50 | 11/1/47 | 20 | ||||||||||||
11 | Fannie Mae, Pool #BH3310 | 4.50 | 5/1/47 | 12 | ||||||||||||
60 | Fannie Mae, Pool #AE0217 | 4.50 | 8/1/40 | 65 | ||||||||||||
18 | Fannie Mae, Pool #CA1711 | 4.50 | 5/1/48 | 19 | ||||||||||||
16 | Fannie Mae, Pool #CA0623 | 4.50 | 10/1/47 | 17 | ||||||||||||
49 | Fannie Mae, Pool #AL1107 | 4.50 | 11/1/41 | 53 | ||||||||||||
46 | Fannie Mae, Pool #889117 | 5.00 | 10/1/35 | 51 |
See accompanying notes to financial statements.
161
HC CAPITAL TRUST
The Core Fixed Income Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Principal Amount (000) | Security Description | Rate % | Maturity Date | Value (000) | ||||||||||||
U.S. Government Agency Mortgages (continued) | ||||||||||||||||
$ | 7 | Fannie Mae, Pool #890603 | 5.00 | 8/1/41 | $ | 7 | ||||||||||
18 | Fannie Mae, Pool #BM3904 | 5.00 | 5/1/48 | 19 | ||||||||||||
9 | Fannie Mae, Pool #725027 | 5.00 | 11/1/33 | 10 | ||||||||||||
21 | Fannie Mae, Pool #725238 | 5.00 | 3/1/34 | 23 | ||||||||||||
8 | Fannie Mae, Pool #890221 | 5.50 | 12/1/33 | 9 | ||||||||||||
51 | Fannie Mae, Pool #725228 | 6.00 | 3/1/34 | 58 | ||||||||||||
17 | Fannie Mae, Pool #959451 | 6.00 | 12/1/37 | 20 | ||||||||||||
25 | Fannie Mae, Pool #AE0442 | 6.50 | 1/1/39 | 30 | ||||||||||||
50 | Fannie Mae, 15 YR TBA | 2.50 | 1/25/35 | 50 | ||||||||||||
75 | Fannie Mae, 15 YR TBA | 3.00 | 1/25/35 | 77 | ||||||||||||
25 | Fannie Mae, 15 YR TBA | 3.50 | 2/25/35 | 26 | ||||||||||||
75 | Fannie Mae, 15 YR TBA | 3.50 | 1/25/35 | 78 | ||||||||||||
25 | Fannie Mae, 15 YR TBA | 4.00 | 1/25/34 | 26 | ||||||||||||
25 | Fannie Mae, 30 YR TBA | 2.50 | 2/25/50 | 25 | ||||||||||||
75 | Fannie Mae, 30 YR TBA | 2.50 | 1/25/50 | 74 | ||||||||||||
150 | Fannie Mae, 30 YR TBA | 3.00 | 2/25/50 | 152 | ||||||||||||
200 | Fannie Mae, 30 YR TBA | 3.00 | 1/25/49 | 203 | ||||||||||||
150 | Fannie Mae, 30 YR TBA | 3.50 | 1/25/50 | 154 | ||||||||||||
225 | Fannie Mae, 30 YR TBA | 4.00 | 1/25/49 | 235 | ||||||||||||
200 | Fannie Mae, 30 YR TBA | 4.50 | 1/25/49 | 211 | ||||||||||||
25 | Freddie Mac, Pool #J25686 | 2.00 | 9/1/28 | 25 | ||||||||||||
48 | Freddie Mac, Pool #G18459 | 2.50 | 3/1/28 | 49 | ||||||||||||
22 | Freddie Mac, Pool #G18683 | 2.50 | 4/1/33 | 22 | ||||||||||||
21 | Freddie Mac, Pool #G18687 | 2.50 | 5/1/33 | 21 | ||||||||||||
16 | Freddie Mac, Pool #G07445 | 2.50 | 7/1/43 | 16 | ||||||||||||
37 | Freddie Mac, Pool #G18470 | 2.50 | 6/1/28 | 37 | ||||||||||||
16 | Freddie Mac, Pool #J35896 | 2.50 | 12/1/31 | 17 | ||||||||||||
37 | Freddie Mac, Pool #G18485 | 2.50 | 10/1/28 | 37 | ||||||||||||
17 | Freddie Mac, Pool #G18635 | 2.50 | 3/1/32 | 18 | ||||||||||||
14 | Freddie Mac, Pool # G18601 | 3.00 | 5/1/31 | 15 | ||||||||||||
38 | Freddie Mac, Pool #G08737 | 3.00 | 12/1/46 | 38 | ||||||||||||
36 | Freddie Mac, Pool #G18663 | 3.00 | 10/1/32 | 38 | ||||||||||||
15 | Freddie Mac, Pool #G08635 | 3.00 | 4/1/45 | 16 | ||||||||||||
20 | Freddie Mac, Pool #Q44665 | 3.00 | 11/1/46 | 20 | ||||||||||||
39 | Freddie Mac, Pool #G60989 | 3.00 | 12/1/46 | 40 | ||||||||||||
9 | Freddie Mac, Pool #G18518 | 3.00 | 7/1/29 | 9 | ||||||||||||
18 | Freddie Mac, Pool #C91927 | 3.00 | 5/1/37 | 19 | ||||||||||||
22 | Freddie Mac, Pool #G61680 | 3.00 | 4/1/47 | 22 | ||||||||||||
19 | Freddie Mac, Pool #ZM2089 | 3.00 | 11/1/46 | 20 | ||||||||||||
32 | Freddie Mac, Pool #C91709 | 3.00 | 6/1/33 | 34 | ||||||||||||
7 | Freddie Mac, Pool #J15438 | 3.00 | 5/1/21 | 8 | ||||||||||||
21 | Freddie Mac, Pool #J38057 | 3.00 | 12/1/32 | 22 | ||||||||||||
77 | Freddie Mac, Pool #ZS4697 | 3.00 | 1/1/47 | 79 | ||||||||||||
26 | Freddie Mac, Pool #G15145 | 3.00 | 7/1/29 | 26 | ||||||||||||
20 | Freddie Mac, Pool #Q46441 | 3.00 | 2/1/47 | 21 | ||||||||||||
12 | Freddie Mac, Pool #C91809 | 3.00 | 2/1/35 | 12 | ||||||||||||
17 | Freddie Mac, Pool #J25193 | 3.00 | 8/1/23 | 17 | ||||||||||||
21 | Freddie Mac, Pool #J36428 | 3.00 | 2/1/32 | 21 | ||||||||||||
23 | Freddie Mac, Pool #AS8074 | 3.00 | 10/1/46 | 23 | ||||||||||||
22 | Freddie Mac, Pool #G08803 | 3.00 | 3/1/48 | 22 | ||||||||||||
58 | Freddie Mac, Pool #G08524 | 3.00 | 3/1/43 | 60 | ||||||||||||
25 | Freddie Mac, Pool #SD8030 | 3.00 | 11/1/49 | 25 | ||||||||||||
18 | Freddie Mac, Pool #G08732 | 3.00 | 11/1/46 | 19 | ||||||||||||
84 | Freddie Mac, Pool #C09035 | 3.00 | 4/1/43 | 87 |
See accompanying notes to financial statements.
162
HC CAPITAL TRUST
The Core Fixed Income Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Principal Amount (000) | Security Description | Rate % | Maturity Date | Value (000) | ||||||||||||
U.S. Government Agency Mortgages (continued) | ||||||||||||||||
$ | 58 | Freddie Mac, Pool #G08631 | 3.00 | 3/1/45 | $ | 59 | ||||||||||
40 | Freddie Mac, Pool #G08750 | 3.00 | 3/1/47 | 41 | ||||||||||||
86 | Freddie Mac, Pool #ZS4522 | 3.00 | 7/1/43 | 89 | ||||||||||||
40 | Freddie Mac, Pool #G08701 | 3.00 | 4/1/46 | 41 | ||||||||||||
90 | Freddie Mac, Pool #G08495 | 3.50 | 6/1/42 | 95 | ||||||||||||
20 | Freddie Mac, Pool #Q57871 | 3.50 | 8/1/48 | 21 | ||||||||||||
23 | Freddie Mac, Pool #MA3057 | 3.50 | 7/1/47 | 24 | ||||||||||||
50 | Freddie Mac, Pool #G08554 | 3.50 | 10/1/43 | 52 | ||||||||||||
21 | Freddie Mac, Pool #V83453 | 3.50 | 10/1/47 | 21 | ||||||||||||
45 | Freddie Mac, Pool #C03759 | 3.50 | 2/1/42 | 47 | ||||||||||||
20 | Freddie Mac, Pool #ZM4908 | 3.50 | 11/1/47 | 21 | ||||||||||||
15 | Freddie Mac, Pool #G08623 | 3.50 | 1/1/45 | 16 | ||||||||||||
13 | Freddie Mac, Pool #G08627 | 3.50 | 2/1/45 | 14 | ||||||||||||
23 | Freddie Mac, Pool #ZA5052 | 3.50 | 11/1/47 | 23 | ||||||||||||
19 | Freddie Mac, Pool #ZA5128 | 3.50 | 12/1/47 | 20 | ||||||||||||
42 | Freddie Mac, Pool #ZS4618 | 3.50 | 6/1/45 | 43 | ||||||||||||
20 | Freddie Mac, Pool #ZS4771 | 3.50 | 6/1/48 | 21 | ||||||||||||
28 | Freddie Mac, Pool #ZS4651 | 3.50 | 3/1/46 | 29 | ||||||||||||
42 | Freddie Mac, Pool #Q09896 | 3.50 | 8/1/42 | 44 | ||||||||||||
35 | Freddie Mac, Pool #G08761 | 3.50 | 5/1/47 | 37 | ||||||||||||
23 | Freddie Mac, Pool #FM1566 | 3.50 | 11/1/48 | 24 | ||||||||||||
18 | Freddie Mac, Pool #ZS4713 | 3.50 | 4/1/47 | 19 | ||||||||||||
59 | Freddie Mac, Pool #G08636 | 3.50 | 4/1/45 | 62 | ||||||||||||
19 | Freddie Mac, Pool #G08770 | 3.50 | 7/1/47 | 19 | ||||||||||||
19 | Freddie Mac, Pool #G08620 | 3.50 | 12/1/44 | 20 | ||||||||||||
32 | Freddie Mac, Pool #G08784 | 3.50 | 10/1/47 | 33 | ||||||||||||
11 | Freddie Mac, Pool #J30284 | 3.50 | 11/1/29 | 11 | ||||||||||||
13 | Freddie Mac, Pool #J14069 | 3.50 | 1/1/26 | 13 | ||||||||||||
25 | Freddie Mac, Pool #Q43933 | 3.50 | 10/1/46 | 26 | ||||||||||||
24 | Freddie Mac, Pool #MA3210 | 3.50 | 12/1/49 | 25 | ||||||||||||
38 | Freddie Mac, Pool #G61148 | 3.50 | 9/1/47 | 39 | ||||||||||||
5 | Freddie Mac, Pool #J13919 | 3.50 | 12/1/20 | 5 | ||||||||||||
31 | Freddie Mac, Pool #G08698 | 3.50 | 3/1/46 | 32 | ||||||||||||
22 | Freddie Mac, Pool #FM1001 | 3.50 | 11/1/48 | 23 | ||||||||||||
21 | Freddie Mac, Pool #BM2000 | 3.50 | 5/1/49 | 22 | ||||||||||||
55 | Freddie Mac, Pool #G08681 | 3.50 | 12/1/45 | 57 | ||||||||||||
23 | Freddie Mac, Pool #Q53176 | 3.50 | 12/1/47 | 24 | ||||||||||||
16 | Freddie Mac, Pool #G08702 | 3.50 | 4/1/46 | 16 | ||||||||||||
30 | Freddie Mac, Pool #G08687 | 3.50 | 1/1/46 | 31 | ||||||||||||
33 | Freddie Mac, Pool #C91456 | 3.50 | 6/1/32 | 35 | ||||||||||||
50 | Freddie Mac, Series K091, Class – A2 | 3.51 | 3/25/29 | 54 | ||||||||||||
48 | Freddie Mac, Pool #G08637 | 4.00 | 4/1/45 | 51 | ||||||||||||
41 | Freddie Mac, Pool #Q24955 | 4.00 | 2/1/44 | 44 | ||||||||||||
38 | Freddie Mac, Pool #G06506 | 4.00 | 12/1/40 | 41 | ||||||||||||
— | Freddie Mac, Pool #G11690 | 4.00 | 2/1/20 | — | ||||||||||||
31 | Freddie Mac, Pool #A96286 | 4.00 | 1/1/41 | 33 | ||||||||||||
20 | Freddie Mac, Pool #G08801 | 4.00 | 2/1/48 | 20 | ||||||||||||
31 | Freddie Mac, Pool #G08567 | 4.00 | 1/1/44 | 33 | ||||||||||||
22 | Freddie Mac, Pool #FM1415 | 4.00 | 12/1/48 | 24 | ||||||||||||
22 | Freddie Mac, Pool #G08563 | 4.00 | 1/1/44 | 23 | ||||||||||||
24 | Freddie Mac, Pool #ZT2106 | 4.00 | 3/1/49 | 25 | ||||||||||||
30 | Freddie Mac, Pool #ZS4708 | 4.00 | 3/1/47 | 31 | ||||||||||||
22 | Freddie Mac, Pool #Q58680 | 4.00 | 9/1/48 | 23 | ||||||||||||
23 | Freddie Mac, Pool #MA3563 | 4.00 | 1/1/49 | 24 |
See accompanying notes to financial statements.
163
HC CAPITAL TRUST
The Core Fixed Income Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Principal Amount (000) | Security Description | Rate % | Maturity Date | Value (000) | ||||||||||||
U.S. Government Agency Mortgages (continued) | ||||||||||||||||
$ | 14 | Freddie Mac, Pool #C91395 | 4.00 | 9/1/31 | $ | 15 | ||||||||||
29 | Freddie Mac, Pool #ZS4631 | 4.00 | 9/1/45 | 31 | ||||||||||||
35 | Freddie Mac, Pool #ZA4988 | 4.00 | 8/1/47 | 37 | ||||||||||||
21 | Freddie Mac, Pool #G08771 | 4.00 | 7/1/47 | 23 | ||||||||||||
22 | Freddie Mac, Pool # ZT1840 | 4.00 | 9/1/48 | 23 | ||||||||||||
34 | Freddie Mac, Pool #G08775 | 4.00 | 8/1/47 | 36 | ||||||||||||
36 | Freddie Mac, Pool #ZT1320 | 4.00 | 11/1/48 | 38 | ||||||||||||
36 | Freddie Mac, Pool #G08606 | 4.00 | 9/1/44 | 38 | ||||||||||||
21 | Freddie Mac, Pool #FM1571 | 4.00 | 12/1/48 | 22 | ||||||||||||
20 | Freddie Mac, Pool #Q58217 | 4.50 | 9/1/48 | 21 | ||||||||||||
5 | Freddie Mac, Pool #C90686 | 4.50 | 6/1/23 | 5 | ||||||||||||
17 | Freddie Mac, Pool #A97186 | 4.50 | 3/1/41 | 18 | ||||||||||||
12 | Freddie Mac, Pool #C09059 | 4.50 | 3/1/44 | 13 | ||||||||||||
32 | Freddie Mac, Pool #G01890 | 4.50 | 10/1/35 | 34 | ||||||||||||
19 | Freddie Mac, Pool #Q52321 | 4.50 | 11/1/47 | 20 | ||||||||||||
15 | Freddie Mac, Pool #G08781 | 4.50 | 9/1/47 | 16 | ||||||||||||
51 | Freddie Mac, Pool #A97692 | 4.50 | 3/1/41 | 55 | ||||||||||||
17 | Freddie Mac, Pool #ZS4774 | 4.50 | 5/1/48 | 18 | ||||||||||||
16 | Freddie Mac, Pool #G08838 | 5.00 | 9/1/48 | 17 | ||||||||||||
21 | Freddie Mac, Pool #G05904 | 5.00 | 9/1/39 | 22 | ||||||||||||
19 | Freddie Mac, Pool #G04817 | 5.00 | 9/1/38 | 21 | ||||||||||||
41 | Freddie Mac, Pool #ZT1779 | 5.00 | 3/1/49 | 43 | ||||||||||||
20 | Freddie Mac, Pool #G01962 | 5.00 | 12/1/35 | 22 | ||||||||||||
30 | Freddie Mac, Pool #G01665 | 5.50 | 3/1/34 | 34 | ||||||||||||
10 | Freddie Mac, Pool #G03616 | 6.00 | 12/1/37 | 11 | ||||||||||||
20 | Freddie Mac, Pool #G02794 | 6.00 | 5/1/37 | 23 | ||||||||||||
3 | Freddie Mac, Pool #C90989 | 6.00 | 9/1/26 | 4 | ||||||||||||
7 | Government National Mortgage Association, Pool #AA8341 | 2.50 | 2/15/28 | 7 | ||||||||||||
17 | Government National Mortgage Association, Pool #MA4355 | 2.50 | 4/20/32 | 17 | ||||||||||||
18 | Government National Mortgage Association, Pool #MA4194 | 2.50 | 1/20/47 | 18 | ||||||||||||
10 | Government National Mortgage Association, Pool #MA1155 | 2.50 | 7/20/43 | 10 | ||||||||||||
39 | Government National Mortgage Association, Pool #MA0461 | 3.00 | 10/20/42 | 40 | ||||||||||||
39 | Government National Mortgage Association, Pool #MA4777 | 3.00 | 10/20/47 | 40 | ||||||||||||
26 | Government National Mortgage Association, Pool #MA2960 | 3.00 | 7/20/45 | 27 | ||||||||||||
20 | Government National Mortgage Association, Pool #MA4068 | 3.00 | 11/20/46 | 21 | ||||||||||||
18 | Government National Mortgage Association, Pool #MA4261 | 3.00 | 2/20/47 | 18 | ||||||||||||
39 | Government National Mortgage Association, Pool #MA3375 | 3.00 | 1/20/46 | 40 | ||||||||||||
30 | Government National Mortgage Association, Pool #MA3662 | 3.00 | 5/20/46 | 31 | ||||||||||||
34 | Government National Mortgage Association, Pool #MA4320 | 3.00 | 3/20/47 | 35 | ||||||||||||
22 | Government National Mortgage Association, Pool #MA5815 | 3.00 | 3/20/49 | 23 | ||||||||||||
24 | Government National Mortgage Association, Pool #MA3243 | 3.00 | 11/20/45 | 24 | ||||||||||||
19 | Government National Mortgage Association, Pool #AA5897 | 3.00 | 12/15/42 | 20 | ||||||||||||
43 | Government National Mortgage Association, Pool #AA6149 | 3.00 | 3/20/43 | 45 | ||||||||||||
38 | Government National Mortgage Association, Pool #MA0851 | 3.00 | 3/20/43 | 39 | ||||||||||||
44 | Government National Mortgage Association, Pool #MA1447 | 3.00 | 11/20/43 | 46 | ||||||||||||
38 | Government National Mortgage Association, Pool #MA1011 | 3.00 | 5/20/43 | 39 | ||||||||||||
22 | Government National Mortgage Association, Pool #MA4509 | 3.00 | 6/20/47 | 23 | ||||||||||||
39 | Government National Mortgage Association, Pool #MA3735 | 3.00 | 6/20/46 | 41 | ||||||||||||
33 | Government National Mortgage Association, Pool #MA3936 | 3.00 | 9/20/46 | 34 | ||||||||||||
20 | Government National Mortgage Association, Pool # MA4003 | 3.00 | 10/20/46 | 21 | ||||||||||||
19 | Government National Mortgage Association, Pool #MA3873 | 3.00 | 8/20/46 | 20 | ||||||||||||
26 | Government National Mortgage Association, Pool #MA3309 | 3.00 | 12/20/45 | 27 | ||||||||||||
36 | Government National Mortgage Association, Pool #MA2520 | 3.00 | 1/20/45 | 37 | ||||||||||||
21 | Government National Mortgage Association, Pool #MA5018 | 3.00 | 2/20/48 | 22 |
See accompanying notes to financial statements.
164
HC CAPITAL TRUST
The Core Fixed Income Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Principal Amount (000) | Security Description | Rate % | Maturity Date | Value (000) | ||||||||||||
U.S. Government Agency Mortgages (continued) | ||||||||||||||||
$ | 60 | Government National Mortgage Association, Pool #MA4899 | 3.00 | 12/20/47 | $ | 62 | ||||||||||
14 | Government National Mortgage Association, Pool #MA3596 | 3.00 | 4/20/46 | 14 | ||||||||||||
21 | Government National Mortgage Association, Pool #MA0205 | 3.00 | 7/20/27 | 22 | ||||||||||||
31 | Government National Mortgage Association, Pool #MA3802 | 3.00 | 7/20/46 | 32 | ||||||||||||
16 | Government National Mortgage Association, Pool #AJ0411 | 3.50 | 9/15/44 | 17 | ||||||||||||
24 | Government National Mortgage Association, Pool #MA2223 | 3.50 | 9/20/44 | 25 | ||||||||||||
15 | Government National Mortgage Association, Pool #AM4971 | 3.50 | 4/20/45 | 16 | ||||||||||||
14 | Government National Mortgage Association, Pool #AC3938 | 3.50 | 1/15/43 | 15 | ||||||||||||
12 | Government National Mortgage Association, Pool #MA1574 | 3.50 | 1/20/29 | 12 | ||||||||||||
36 | Government National Mortgage Association, Pool #MA2445 | 3.50 | 12/20/44 | 38 | ||||||||||||
34 | Government National Mortgage Association, Pool #MA0699 | 3.50 | 1/20/43 | 36 | ||||||||||||
32 | Government National Mortgage Association, Pool #MA4321 | 3.50 | 3/20/47 | 34 | ||||||||||||
35 | Government National Mortgage Association, Pool #MA4510 | 3.50 | 6/20/47 | 36 | ||||||||||||
37 | Government National Mortgage Association, Pool #MA4719 | 3.50 | 9/20/47 | 38 | ||||||||||||
29 | Government National Mortgage Association, Pool #MA4004 | 3.50 | 10/20/46 | 30 | ||||||||||||
31 | Government National Mortgage Association, Pool #MA4127 | 3.50 | 12/20/46 | 32 | ||||||||||||
13 | Government National Mortgage Association, Pool #MA3454 | 3.50 | 2/20/46 | 13 | ||||||||||||
23 | Government National Mortgage Association, Pool #MA4962 | 3.50 | 1/20/48 | 24 | ||||||||||||
37 | Government National Mortgage Association, Pool #MA4652 | 3.50 | 8/20/47 | 38 | ||||||||||||
31 | Government National Mortgage Association, Pool #MA4586 | 3.50 | 7/20/47 | 32 | ||||||||||||
35 | Government National Mortgage Association, Pool #MA3173 | 3.50 | 10/20/45 | 36 | ||||||||||||
32 | Government National Mortgage Association, Pool #MA0318 | 3.50 | 8/20/42 | 34 | ||||||||||||
40 | Government National Mortgage Association, Pool #MA0220 | 3.50 | 7/20/42 | 43 | ||||||||||||
32 | Government National Mortgage Association, Pool #MA4262 | 3.50 | 2/20/47 | 33 | ||||||||||||
27 | Government National Mortgage Association, Pool #MA3736 | 3.50 | 6/20/46 | 29 | ||||||||||||
28 | Government National Mortgage Association, Pool #MA3874 | 3.50 | 8/20/46 | 30 | ||||||||||||
19 | Government National Mortgage Association, Pool #MA4778 | 3.50 | 10/20/47 | 19 | ||||||||||||
47 | Government National Mortgage Association, Pool #MA5875 | 3.50 | 4/20/49 | 49 | ||||||||||||
19 | Government National Mortgage Association, Pool #MA4837 | 3.50 | 11/20/47 | 20 | ||||||||||||
28 | Government National Mortgage Association, Pool #MA3803 | 3.50 | 7/20/46 | 29 | ||||||||||||
33 | Government National Mortgage Association, Pool #MA4382 | 3.50 | 4/20/47 | 34 | ||||||||||||
23 | Government National Mortgage Association, Pool #MA3310 | 3.50 | 12/20/45 | 24 | ||||||||||||
25 | Government National Mortgage Association, Pool #MA3105 | 3.50 | 9/20/45 | 26 | ||||||||||||
24 | Government National Mortgage Association, Pool #MA3376 | 3.50 | 1/20/46 | 25 | ||||||||||||
29 | Government National Mortgage Association, Pool #MA3937 | 3.50 | 9/20/46 | 30 | ||||||||||||
21 | Government National Mortgage Association, Pool #MA5816 | 3.50 | 3/20/49 | 21 | ||||||||||||
25 | Government National Mortgage Association, Pool #MA3597 | 3.50 | 4/20/46 | 26 | ||||||||||||
12 | Government National Mortgage Association, Pool #AB9211 | 3.50 | 11/15/42 | 12 | ||||||||||||
59 | Government National Mortgage Association, Pool #MA0462 | 3.50 | 10/20/42 | 62 | ||||||||||||
18 | Government National Mortgage Association, Pool #MA3244 | 3.50 | 11/20/45 | 19 | ||||||||||||
19 | Government National Mortgage Association, Pool #MA2826 | 3.50 | 5/20/45 | 20 | ||||||||||||
26 | Government National Mortgage Association, Pool #MA2371 | 3.50 | 11/20/44 | 27 | ||||||||||||
41 | Government National Mortgage Association, Pool #MA1157 | 3.50 | 7/20/43 | 43 | ||||||||||||
30 | Government National Mortgage Association, Pool #MA0934 | 3.50 | 4/20/43 | 32 | ||||||||||||
20 | Government National Mortgage Association, Pool #MA2961 | 3.50 | 7/20/45 | 21 | ||||||||||||
22 | Government National Mortgage Association, Pool #MA5191 | 3.50 | 5/20/48 | 23 | ||||||||||||
8 | Government National Mortgage Association, Pool #MA1600 | 3.50 | 1/20/44 | 8 | ||||||||||||
19 | Government National Mortgage Association, Pool #MA5762 | 3.50 | 2/20/49 | 20 | ||||||||||||
17 | Government National Mortgage Association, Pool #MA1761 | 4.00 | 3/20/44 | 18 | ||||||||||||
18 | Government National Mortgage Association, Pool #MA2304 | 4.00 | 10/20/44 | 18 | ||||||||||||
9 | Government National Mortgage Association, Pool #MA0023 | 4.00 | 4/20/42 | 10 | ||||||||||||
33 | Government National Mortgage Association, Pool #MA3737 | 4.00 | 6/20/46 | 34 | ||||||||||||
10 | Government National Mortgage Association, Pool #MA3377 | 4.00 | 1/20/46 | 11 | ||||||||||||
18 | Government National Mortgage Association, Pool #MA2224 | 4.00 | 9/20/44 | 19 |
See accompanying notes to financial statements.
165
HC CAPITAL TRUST
The Core Fixed Income Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Principal Amount (000) | Security Description | Rate % | Maturity Date | Value (000) | ||||||||||||
U.S. Government Agency Mortgages (continued) | ||||||||||||||||
$ | 13 | Government National Mortgage Association, Pool #MA4263 | 4.00 | 2/20/47 | $ | 14 | ||||||||||
17 | Government National Mortgage Association, Pool #MA5710 | 4.00 | 1/20/49 | 17 | ||||||||||||
9 | Government National Mortgage Association, Pool #MA3245 | 4.00 | 11/20/45 | 10 | ||||||||||||
60 | Government National Mortgage Association, Pool #MA1091 | 4.00 | 6/20/43 | 64 | ||||||||||||
17 | Government National Mortgage Association, Pool #MA1996 | 4.00 | 6/20/44 | 18 | ||||||||||||
16 | Government National Mortgage Association, Pool #MA4653 | 4.00 | 8/20/47 | 16 | ||||||||||||
17 | Government National Mortgage Association, Pool #MA5595 | 4.00 | 11/20/48 | 18 | ||||||||||||
21 | Government National Mortgage Association, Pool #MA1286 | 4.00 | 9/20/43 | 22 | ||||||||||||
14 | Government National Mortgage Association, Pool #MA4322 | 4.00 | 3/20/47 | 14 | ||||||||||||
17 | Government National Mortgage Association, Pool #MA5466 | 4.00 | 9/20/48 | 18 | ||||||||||||
29 | Government National Mortgage Association, Pool #MA4511 | 4.00 | 6/20/47 | 30 | ||||||||||||
16 | Government National Mortgage Association, Pool #BD9886 | 4.00 | 1/15/48 | 17 | ||||||||||||
17 | Government National Mortgage Association, Pool #MA5651 | 4.00 | 12/20/48 | 18 | ||||||||||||
30 | Government National Mortgage Association, Pool #MA4587 | 4.00 | 7/20/47 | 32 | ||||||||||||
28 | Government National Mortgage Association, Pool #MA4383 | 4.00 | 4/20/47 | 29 | ||||||||||||
15 | Government National Mortgage Association, Pool #MA3522 | 4.00 | 3/20/46 | 16 | ||||||||||||
14 | Government National Mortgage Association, Pool #MA4452 | 4.00 | 5/20/47 | 15 | ||||||||||||
23 | Government National Mortgage Association, Pool #MA5876 | 4.00 | 4/20/49 | 24 | ||||||||||||
7 | Government National Mortgage Association, Pool #MA1762 | 4.50 | 3/20/44 | 8 | ||||||||||||
31 | Government National Mortgage Association, Pool #MA5399 | 4.50 | 8/20/48 | 33 | ||||||||||||
62 | Government National Mortgage Association, Pool #4801 | 4.50 | 9/20/40 | 68 | ||||||||||||
36 | Government National Mortgage Association, Pool #721760 | 4.50 | 8/15/40 | 39 | ||||||||||||
16 | Government National Mortgage Association, Pool #MA5596 | 4.50 | 11/20/48 | 16 | ||||||||||||
15 | Government National Mortgage Association, Pool #MA5193 | 4.50 | 5/20/48 | 16 | ||||||||||||
13 | Government National Mortgage Association, Pool #MA4721 | 4.50 | 9/20/47 | 14 | ||||||||||||
37 | Government National Mortgage Association, Pool #MA5764 | 4.50 | 2/20/49 | 39 | ||||||||||||
19 | Government National Mortgage Association, Pool #MA5818 | 4.50 | 3/20/49 | 19 | ||||||||||||
16 | Government National Mortgage Association, Pool #738906 | 4.50 | 10/15/41 | 17 | ||||||||||||
16 | Government National Mortgage Association, Pool #BA2485 | 4.50 | 4/15/47 | 17 | ||||||||||||
13 | Government National Mortgage Association, Pool #MA2373 | 4.50 | 11/20/44 | 14 | ||||||||||||
18 | Government National Mortgage Association, Pool #MA2756 | 4.50 | 4/20/45 | 19 | ||||||||||||
14 | Government National Mortgage Association, Pool #MA5530 | 5.00 | 10/20/48 | 15 | ||||||||||||
36 | Government National Mortgage Association, Pool #4559 | 5.00 | 10/20/39 | 40 | ||||||||||||
25 | Government National Mortgage Association, Pool #697946 | 5.00 | 3/15/39 | 28 | ||||||||||||
16 | Government National Mortgage Association, Pool #MA5653 | 5.00 | 12/20/48 | 16 | ||||||||||||
17 | Government National Mortgage Association, Pool #MA0466 | 5.50 | 10/20/42 | 19 | ||||||||||||
16 | Government National Mortgage Association, Pool #510835 | 5.50 | 2/15/35 | 18 | ||||||||||||
16 | Government National Mortgage Association, Pool #4222 | 6.00 | 8/20/38 | 18 | ||||||||||||
2 | Government National Mortgage Association, Pool #582199 | 6.50 | 1/15/32 | 3 | ||||||||||||
75 | Government National Mortgage Association, 30 YR TBA | 3.00 | 2/20/50 | 77 | ||||||||||||
100 | Government National Mortgage Association, 30 YR TBA | 3.00 | 1/20/49 | 103 | ||||||||||||
25 | Government National Mortgage Association, 30 YR TBA | 3.50 | 2/20/50 | 26 | ||||||||||||
150 | Government National Mortgage Association, 30 YR TBA | 3.50 | 1/20/50 | 155 | ||||||||||||
300 | Government National Mortgage Association, 30 YR TBA | 4.00 | 1/20/50 | 310 | ||||||||||||
50 | Government National Mortgage Association, 30 YR TBA | 4.50 | 1/20/50 | 52 | ||||||||||||
50 | Government National Mortgage Association, 30 YR TBA | 5.00 | 1/20/50 | 53 | ||||||||||||
|
| |||||||||||||||
Total U.S. Government Agency Mortgages | 13,562 | |||||||||||||||
|
| |||||||||||||||
U.S. Government Agency Securities — 0.94% | ||||||||||||||||
65 | Fannie Mae | 1.25 | 5/6/21 | 66 | ||||||||||||
50 | Fannie Mae | 1.70 | 1/27/20 | 50 | ||||||||||||
30 | Fannie Mae | 2.13 | 4/24/26 | 30 | ||||||||||||
10 | Fannie Mae | 5.63 | 7/15/37 | 14 | ||||||||||||
20 | Fannie Mae | 6.63 | 11/15/30 | 28 | ||||||||||||
25 | Federal Farm Credit Bank | 1.55 | 8/16/21 | 25 |
See accompanying notes to financial statements.
166
HC CAPITAL TRUST
The Core Fixed Income Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Principal Amount (000) | Security Description | Rate % | Maturity Date | Value (000) | ||||||||||||
U.S. Government Agency Securities (continued) | ||||||||||||||||
$ | 25 | Federal Home Loan Bank | 1.13 | 7/14/21 | $ | 25 | ||||||||||
50 | Federal Home Loan Bank | 1.88 | 7/7/21 | 50 | ||||||||||||
55 | Federal Home Loan Bank | 1.88 | 11/29/21 | 55 | ||||||||||||
25 | Federal Home Loan Bank | 2.13 | 3/10/23 | 25 | ||||||||||||
40 | Federal Home Loan Bank | 2.88 | 9/13/24 | 42 | ||||||||||||
15 | Federal Home Loan Bank | 5.63 | 6/11/21 | 16 | ||||||||||||
20 | Freddie Mac | 1.88 | 11/17/20 | 20 | ||||||||||||
40 | Freddie Mac | 2.38 | 1/13/22 | 41 | ||||||||||||
15 | Freddie Mac | 6.25 | 7/15/32 | 22 | ||||||||||||
10 | Freddie Mac | 6.75 | 3/15/31 | 14 | ||||||||||||
25 | Freddie Mac | 6.75 | 9/15/29 | 35 | ||||||||||||
5 | Tennessee Valley Authority | 3.50 | 12/15/42 | 6 | ||||||||||||
30 | Tennessee Valley Authority | 5.88 | 4/1/36 | 42 | ||||||||||||
|
| |||||||||||||||
Total U.S. Government Agency Securities | 606 | |||||||||||||||
|
| |||||||||||||||
Corporate Bonds — 34.66% | ||||||||||||||||
25 | AbbVie, Inc. (Biotechnology), Callable 8/14/28 @ 100.00 | 4.25 | 11/14/28 | 28 | ||||||||||||
145 | AbbVie, Inc. (Biotechnology) | 4.40 | 11/6/42 | 156 | ||||||||||||
135 | AbbVie, Inc. (Biotechnology), Callable 11/14/34 @ 100.00 | 4.50 | 5/14/35 | 152 | ||||||||||||
25 | Alabama Power Co. (Electric Utilities), Callable 2/15/44 @ 100.00 | 4.15 | 8/15/44 | 28 | ||||||||||||
100 | American Express Co. (Consumer Finance), Callable 1/27/23 @ 100.00 | 3.40 | 2/27/23 | 104 | ||||||||||||
395 | Ameriprise Financial, Inc. (Capital Markets) | 3.70 | 10/15/24 | 422 | ||||||||||||
205 | Amgen, Inc. (Biotechnology), Callable 5/19/26 @ 100.00 | 2.60 | 8/19/26 | 207 | ||||||||||||
10 | Amgen, Inc. (Biotechnology), Callable 5/15/41 @ 100.00 | 5.15 | 11/15/41 | 12 | ||||||||||||
195 | Analog Devices, Inc. (Semiconductors & Semiconductor Equipment), | 3.50 | 12/5/26 | 204 | ||||||||||||
255 | Analog Devices, Inc. (Semiconductors & Semiconductor Equipment), | 3.90 | 12/15/25 | 273 | ||||||||||||
140 | Anheuser-Busch Companies LLC/Anheuser-Busch InBev Worldwide, Inc. (Beverages), Callable 8/1/35 @ 100.00 | 4.70 | 2/1/36 | 161 | ||||||||||||
140 | Anheuser-Busch Companies LLC/Anheuser-Busch InBev Worldwide, Inc. (Beverages), Callable 8/1/45 @ 100.00 | 4.90 | 2/1/46 | 166 | ||||||||||||
170 | Anheuser-Busch InBev Finance, Inc. (Beverages), Callable 8/1/35 @ 100.00 | 4.70 | 2/1/36 | 196 | ||||||||||||
177 | Anthem, Inc. (Health Care Providers & Services), Callable 9/1/27 @ 100.00 | 3.65 | 12/1/27 | 187 | ||||||||||||
150 | Anthem, Inc. (Health Care Providers & Services) | 4.35 | 8/15/20 | 152 | ||||||||||||
70 | Anthem, Inc. (Health Care Providers & Services) | 4.63 | 5/15/42 | 79 | ||||||||||||
185 | Apple, Inc. (Technology Hardware, Storage & Peripherals), Callable 8/23/45 @ 100.00 | 4.65 | 2/23/46 | 231 | ||||||||||||
90 | Archer-Daniels-Midland Co., Class – C (Food Products) | 4.02 | 4/16/43 | 100 | ||||||||||||
340 | AT&T, Inc. (Diversified Telecommunication Services), Callable 1/1/24 @ 100.00 | 4.45 | 4/1/24 | 368 | ||||||||||||
160 | AT&T, Inc. (Diversified Telecommunication Services) | 5.35 | 9/1/40 | 191 | ||||||||||||
90 | AT&T, Inc. (Diversified Telecommunication Services) | 5.55 | 8/15/41 | 110 | ||||||||||||
65 | Atmos Energy Corp. (Gas Utilities), Callable 4/15/44 @ 100.00 | 4.13 | 10/15/44 | 73 | ||||||||||||
35 | Atmos Energy Corp. (Gas Utilities), Callable 7/15/42 @ 100.00 | 4.15 | 1/15/43 | 39 | ||||||||||||
325 | Bank of America Corp. (Banks), Callable 10/1/24 @ 100.00 | | 3.09 (US0003M + 109.00 bps) | (b) | 10/1/25 | 335 | ||||||||||
70 | Bank of America Corp., MTN (Banks), Callable 10/21/26 @ 100.00 | 3.25 | 10/21/27 | 73 | ||||||||||||
425 | Bank of America Corp., MTN (Banks) | 3.88 | 8/1/25 | 456 | ||||||||||||
135 | Bank One Corp. (Banks) | 8.00 | 4/29/27 | 178 | ||||||||||||
270 | Berkshire Hathaway, Inc. (Multi-Utilities), Callable 8/1/44 @ 100.00 | 4.50 | 2/1/45 | 318 | ||||||||||||
65 | Bristol-Myers Squibb Co. (Pharmaceuticals), Callable 4/26/49 @ 100.00 | 4.25 | 10/26/49 | 77 | ||||||||||||
75 | Bristol-Myers Squibb Co. (Pharmaceuticals) | 6.80 | 11/15/26 | 95 | ||||||||||||
50 | Bunge Limited Finance Corp. (Food Products), Callable 8/25/22 @ 100.00 | 3.00 | 9/25/22 | 51 | ||||||||||||
155 | Bunge Limited Finance Corp. (Food Products), Callable 5/15/26 @ 100.00 | 3.25 | 8/15/26 | 154 | ||||||||||||
130 | Capital One Financial Corp. (Consumer Finance), Callable 9/30/24 @ 100.00 | 3.30 | 10/30/24 | 134 | ||||||||||||
470 | Capital One Financial Corp. (Consumer Finance) | 3.50 | 6/15/23 | 488 | ||||||||||||
35 | Cisco Systems, Inc. (Communications Equipment) | 5.50 | 1/15/40 | 48 |
See accompanying notes to financial statements.
167
HC CAPITAL TRUST
The Core Fixed Income Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Principal Amount (000) | Security Description | Rate % | Maturity Date | Value (000) | ||||||||||||
Corporate Bonds (continued) | ||||||||||||||||
$ | 250 | Citibank NA, Series BKNT (Banks), Callable 12/23/23 @ 100.00 | 3.65 | 1/23/24 | $ | 264 | ||||||||||
555 | Citigroup, Inc. (Banks), Callable 7/21/26 @ 100.00 | 3.20 | 10/21/26 | 574 | ||||||||||||
35 | Comcast Corp. (Media), Callable 9/1/37 @ 100.00 | 3.90 | 3/1/38 | 39 | ||||||||||||
245 | Comcast Corp. (Media) | 4.75 | 3/1/44 | 296 | ||||||||||||
170 | ConocoPhillips (Oil, Gas & Consumable Fuels) | 6.50 | 2/1/39 | 246 | ||||||||||||
20 | Consolidated Edison Company of New York, Inc., Series 2008-B (Multi-Utilities) | 6.75 | 4/1/38 | 29 | ||||||||||||
45 | Constellation Brands, Inc. (Beverages) | 4.75 | 12/1/25 | 50 | ||||||||||||
180 | Constellation Brands, Inc. (Beverages) | 4.75 | 11/15/24 | 199 | ||||||||||||
210 | CSX Corp. (Road & Rail) | 6.22 | 4/30/40 | 284 | ||||||||||||
250 | CVS Health Corp. (Health Care Providers & Services), Callable 2/9/23 @ 100.00 | 3.70 | 3/9/23 | 260 | ||||||||||||
535 | CVS Health Corp. (Health Care Providers & Services), Callable 12/25/27 @ 100.00 | 4.30 | 3/25/28 | 582 | ||||||||||||
188 | Devon Energy Corp. (Oil, Gas & Consumable Fuels), Callable 1/15/41 @ 100.00 | 5.60 | 7/15/41 | 228 | ||||||||||||
225 | Digital Realty Trust LP (Equity Real Estate Investment Trusts), Callable 1/1/23 @ 100.00 | 2.75 | 2/1/23 | 226 | ||||||||||||
90 | Dominion Energy Gas Holding LLC (Multi-Utilities), Callable 8/15/29 @ 100.00 | 3.00 | 11/15/29 | 89 | ||||||||||||
225 | Dominion Gas Holdings LLC (Multi-Utilities), Callable 9/15/24 @ 100.00 | 3.60 | 12/15/24 | 236 | ||||||||||||
35 | Duke Energy Carolinas LLC (Electric Utilities), Callable 6/15/41 @ 100.00 | 4.25 | 12/15/41 | 40 | ||||||||||||
100 | Duke Energy Corp. (Electric Utilities), Callable 5/15/27 @ 100.00 | 3.15 | 8/15/27 | 103 | ||||||||||||
25 | Duke Energy Progress LLC (Electric Utilities), Callable 2/15/45 @ 100.00 | 4.20 | 8/15/45 | 28 | ||||||||||||
145 | Energy Transfer Partners LP (Oil, Gas & Consumable Fuels), Callable 3/15/28 @ 100.00 | 4.95 | 6/15/28 | 159 | ||||||||||||
80 | Enterprise Products Operating LLC (Oil, Gas & Consumable Fuels), Callable 11/15/25 @ 100.00 | 3.70 | 2/15/26 | 85 | ||||||||||||
199 | Enterprise Products Operating LLC (Oil, Gas & Consumable Fuels), Callable 9/15/43 @ 100.00 | 4.85 | 3/15/44 | 230 | ||||||||||||
135 | FedEx Corp. (Air Freight & Logistics), Callable 1/1/26 @ 100.00 | 3.25 | 4/1/26 | 140 | ||||||||||||
45 | FedEx Corp. (Air Freight & Logistics) | 4.90 | 1/15/34 | 51 | ||||||||||||
35 | Fiserv, Inc. (IT Services), Callable 4/1/29 @ 100.00 | 3.50 | 7/1/29 | 37 | ||||||||||||
190 | Fiserv, Inc. (IT Services), Callable 3/1/25 @ 100.00 | 3.85 | 6/1/25 | 202 | ||||||||||||
10 | Fiserv, Inc. (IT Services), Callable 1/1/49 @ 100.00 | 4.40 | 7/1/49 | 11 | ||||||||||||
295 | General Motors Financial Co. (Consumer Finance), Callable 2/1/21 @ 100.00 | 4.20 | 3/1/21 | 301 | ||||||||||||
60 | Georgia Power Co. (Electric Utilities) | 2.00 | 9/8/20 | 60 | ||||||||||||
101 | Gilead Sciences, Inc. (Biotechnology), Callable 8/1/44 @ 100.00 | 4.50 | 2/1/45 | 117 | ||||||||||||
50 | GlaxoSmithKline Capital, Inc. (Diversified Financial Services) | 6.38 | 5/15/38 | 71 | ||||||||||||
215 | Goldman Sachs Group, Inc. (Capital Markets), Callable 10/23/24 @ 100.00 | 3.50 | 1/23/25 | 226 | ||||||||||||
255 | Goldman Sachs Group, Inc. (Capital Markets) | 5.25 | 7/27/21 | 267 | ||||||||||||
155 | Healthcare Trust of America Holdings LP (Equity Real Estate Investment Trusts), | 3.50 | 8/1/26 | 162 | ||||||||||||
105 | International Paper Co. (Containers & Packaging), Callable 5/15/41 @ 100.00 | 6.00 | 11/15/41 | 130 | ||||||||||||
120 | Interpublic Group of Companies, Inc. (Media) | 3.50 | 10/1/20 | 121 | ||||||||||||
250 | Interpublic Group of Companies, Inc. (Media) | 4.20 | 4/15/24 | 269 | ||||||||||||
275 | JPMorgan Chase & Co. (Banks), Callable 10/23/24 @ 100.00 | 3.13 | 1/23/25 | 287 | ||||||||||||
260 | JPMorgan Chase & Co. (Banks), Callable 5/1/27 @ 100.00 | 3.54 | 5/1/28 | 275 | ||||||||||||
110 | Lincoln National Corp. (Insurance), Callable 9/15/26 @ 100.00 | 3.63 | 12/12/26 | 116 | ||||||||||||
175 | Lincoln National Corp. (Insurance) | 7.00 | 6/15/40 | 249 | ||||||||||||
135 | Lockheed Martin Corp. (Aerospace & Defense), Callable 11/15/35 @ 100.00 | 4.50 | 5/15/36 | 160 | ||||||||||||
85 | LYB International Finance BV (Chemicals), Callable 9/15/43 @ 100.00 | 4.88 | 3/15/44 | 96 | ||||||||||||
45 | Martin Marietta Materials, Inc. (Construction Materials), Callable 3/1/27 @ 100.00 | 3.45 | 6/1/27 | 46 | ||||||||||||
135 | Martin Marietta Materials, Inc. (Construction Materials), Callable 4/2/24 @ 100.00 | 4.25 | 7/2/24 | 145 | ||||||||||||
39 | Medtronic, Inc. (Health Care Equipment & Supplies) | 4.38 | 3/15/35 | 46 | ||||||||||||
240 | Microsoft Corp. (Software), Callable 8/6/56 @ 100.00 | 4.50 | 2/6/57 | 311 | ||||||||||||
355 | Morgan Stanley (Capital Markets) | 3.13 | 1/23/23 | 365 | ||||||||||||
125 | Morgan Stanley, MTN (Capital Markets), Callable 1/23/29 @ 100.00 | 4.43 | 1/23/30 | 141 | ||||||||||||
105 | National Rural Utilities Cooperative Finance Corp. (Diversified Financial Services), | 2.95 | 2/7/24 | 109 | ||||||||||||
145 | Nucor Corp. (Metals & Mining), Callable 2/1/43 @ 100.00 | 5.20 | 8/1/43 | 180 | ||||||||||||
195 | NVIDIA Corp. (Semiconductors & Semiconductor Equipment), Callable 6/16/26 @ 100.00 | 3.20 | 9/16/26 | 204 | ||||||||||||
173 | Oracle Corp. (Software) | 5.38 | 7/15/40 | 224 |
See accompanying notes to financial statements.
168
HC CAPITAL TRUST
The Core Fixed Income Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Principal Amount (000) | Security Description | Rate % | Maturity Date | Value (000) | ||||||||||||
Corporate Bonds (continued) | ||||||||||||||||
$ | 100 | Pfizer, Inc. (Pharmaceuticals), Callable 3/15/38 @ 100.00 | 4.10 | 9/15/38 | $ | 114 | ||||||||||
75 | Philip Morris International, Inc. (Tobacco) | 3.25 | 11/10/24 | 79 | ||||||||||||
105 | Philip Morris International, Inc. (Tobacco) | 4.50 | 3/20/42 | 117 | ||||||||||||
95 | Principal Financial Group, Inc. (Insurance), Callable 2/15/25 @ 100.00 | 3.40 | 5/15/25 | 99 | ||||||||||||
225 | Progress Energy, Inc. (Electric Utilities) | 6.00 | 12/1/39 | 292 | ||||||||||||
100 | Prudential Financial, Inc. (Insurance) | 4.60 | 5/15/44 | 118 | ||||||||||||
15 | Prudential Financial, Inc. (Insurance) | 6.63 | 6/21/40 | 21 | ||||||||||||
30 | Public Service Electric & Gas Co. (Electric Utilities), Callable 3/1/42 @ 100.00 | 3.65 | 9/1/42 | 32 | ||||||||||||
125 | RELX Capital, Inc. (Professional Services) | 3.13 | 10/15/22 | 129 | ||||||||||||
170 | RELX Capital, Inc. (Professional Services), Callable 2/16/23 @ 100.00 | 3.50 | 3/16/23 | 177 | ||||||||||||
155 | Rockwell Collins, Inc. (Aerospace & Defense), Callable 12/15/26 @ 100.00 | 3.50 | 3/15/27 | 165 | ||||||||||||
190 | Roper Technologies, Inc. (Industrial Conglomerates), Callable 9/15/25 @ 100.00 | 3.85 | 12/15/25 | 204 | ||||||||||||
30 | Roper Technologies, Inc. (Industrial Conglomerates), Callable 6/15/28 @ 100.00 | 4.20 | 9/15/28 | 33 | ||||||||||||
115 | Ryder System, Inc. (Road & Rail), Callable 2/1/22 @ 100.00 | 2.80 | 3/1/22 | 117 | ||||||||||||
150 | Southern Company Gas Capital Corp. (Electric Utilities), Callable 8/1/23 @ 100.00 | 2.45 | 10/1/23 | 150 | ||||||||||||
30 | Southern Company Gas Capital Corp. (Electric Utilities), Callable 3/15/26 @ 100.00 | 3.25 | 6/15/26 | 31 | ||||||||||||
80 | Southern Company Gas Capital Corp. (Electric Utilities), Callable 11/30/46 @ 100.00 | 4.40 | 5/30/47 | 87 | ||||||||||||
60 | Southwest Airlines Co. (Airlines), Callable 8/15/26 @ 100.00 | 3.00 | 11/15/26 | 61 | ||||||||||||
135 | Southwest Airlines Co., Series 2017-1 (Airlines) | 6.15 | 2/1/24 | 142 | ||||||||||||
255 | Sunoco Logistics Partners LP (Oil, Gas & Consumable Fuels), Callable 10/15/22 @ 100.00 | 3.45 | 1/15/23 | 260 | ||||||||||||
185 | Sunoco Logistics Partners LP (Oil, Gas & Consumable Fuels), Callable 7/15/42 @ 100.00 | 4.95 | 1/15/43 | 184 | ||||||||||||
150 | TCI Communications, Inc. (Media) | 7.88 | 2/15/26 | 195 | ||||||||||||
65 | The Home Depot, Inc. (Specialty Retail), Callable 6/6/48 @ 100.00 | 4.50 | 12/6/48 | 80 | ||||||||||||
145 | The Home Depot, Inc. (Specialty Retail), Callable 3/15/40 @ 100.00 | 5.40 | 9/15/40 | 190 | ||||||||||||
95 | The Sherwin-Williams Co. (Chemicals), Callable 4/1/24 @ 100.00 | 3.13 | 6/1/24 | 98 | ||||||||||||
165 | The Sherwin-Williams Co. (Chemicals), Callable 3/1/27 @ 100.00 | 3.45 | 6/1/27 | 173 | ||||||||||||
15 | The Sherwin-Williams Co. (Chemicals), Callable 5/1/25 @ 100.00 | 3.45 | 8/1/25 | 16 | ||||||||||||
170 | The Travelers Companies, Inc. (Insurance) | 6.25 | 6/15/37 | 235 | ||||||||||||
135 | The Walt Disney Co. (Entertainment), Callable 3/15/44 @ 100.00 | 4.75 | 9/15/44 | 170 | ||||||||||||
250 | Thermo Fisher Scientific, Inc. (Life Sciences Tools & Services), Callable 11/1/23 @ 100.00 | 4.15 | 2/1/24 | 268 | ||||||||||||
95 | Union Pacific Corp. (Road & Rail), Callable 6/10/28 @ 100.00 | 3.95 | 9/10/28 | 105 | ||||||||||||
15 | United Parcel Service, Inc. (Air Freight & Logistics), Callable 3/1/49 @ 100.00 | 3.40 | 9/1/49 | 15 | ||||||||||||
15 | United Parcel Service, Inc. (Air Freight & Logistics), Callable 9/15/48 @ 100.00 | 4.25 | 3/15/49 | 17 | ||||||||||||
50 | United Technologies Corp. (Aerospace & Defense) | 4.50 | 6/1/42 | 60 | ||||||||||||
75 | UnitedHealth Group, Inc. (Health Care Providers & Services), Callable 5/15/41 @ 100.00 | 4.63 | 11/15/41 | 89 | ||||||||||||
85 | UnitedHealth Group, Inc. (Health Care Providers & Services) | 4.75 | 7/15/45 | 104 | ||||||||||||
110 | Valero Energy Corp. (Oil, Gas & Consumable Fuels) | 6.63 | 6/15/37 | 146 | ||||||||||||
175 | Ventas Realty LP (Equity Real Estate Investment Trusts), Callable 11/1/24 @ 100.00 | 3.50 | 2/1/25 | 183 | ||||||||||||
470 | Verizon Communications, Inc. (Diversified Telecommunication Services) | 4.33 | 9/21/28 | 533 | ||||||||||||
200 | Verizon Communications, Inc. (Diversified Telecommunication Services) | 5.01 | 8/21/54 | 258 | ||||||||||||
80 | Virginia Electric & Power Co. (Electric Utilities), Callable 2/15/43 @ 100.00 | 4.65 | 8/15/43 | 96 | ||||||||||||
60 | Walmart, Inc. (Food & Staples Retailing) | 5.63 | 4/1/40 | 83 | ||||||||||||
65 | Waste Management, Inc. (Commercial Services & Supplies), Callable 1/15/39 @ 100.00 | 4.00 | 7/15/39 | 73 | ||||||||||||
470 | Wells Fargo & Co. (Banks) | 3.00 | 4/22/26 | 483 | ||||||||||||
115 | Wells Fargo & Co., MTN (Banks), Callable 10/24/28 @ 100.00 | 4.15 | 1/24/29 | 128 | ||||||||||||
55 | Westvaco Corp. (Containers & Packaging) | 8.20 | 1/15/30 | 75 | ||||||||||||
180 | WRKCo., Inc. (Containers & Packaging), Callable 1/15/26 @ 100.00 | 4.65 | 3/15/26 | 200 | ||||||||||||
165 | XTO Energy, Inc. (Oil, Gas & Consumable Fuels) | 6.75 | 8/1/37 | 242 | ||||||||||||
|
| |||||||||||||||
Total Corporate Bonds | 22,339 | |||||||||||||||
|
| |||||||||||||||
U.S. Treasury Obligations — 30.52% | ||||||||||||||||
86 | U.S. Treasury Bond | 2.25 | 8/15/49 | 83 | ||||||||||||
117 | U.S. Treasury Bond | 2.25 | 8/15/46 | 114 | ||||||||||||
71 | U.S. Treasury Bond | 2.38 | 11/15/49 | 71 | ||||||||||||
125 | U.S. Treasury Bond | 2.50 | 5/15/46 | 128 |
See accompanying notes to financial statements.
169
HC CAPITAL TRUST
The Core Fixed Income Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Principal Amount (000) | Security Description | Rate % | Maturity Date | Value (000) | ||||||||||||
U.S. Treasury Obligations (continued) | ||||||||||||||||
$ | 130 | U.S. Treasury Bond | 2.50 | 2/15/46 | $ | 133 | ||||||||||
60 | U.S. Treasury Bond | 2.50 | 2/15/45 | 61 | ||||||||||||
55 | U.S. Treasury Bond | 2.75 | 8/15/47 | 59 | ||||||||||||
125 | U.S. Treasury Bond | 2.75 | 11/15/47 | 134 | ||||||||||||
39 | U.S. Treasury Bond | 2.75 | 8/15/42 | 42 | ||||||||||||
79 | U.S. Treasury Bond | 2.75 | 11/15/42 | 84 | ||||||||||||
115 | U.S. Treasury Bond | 2.88 | 11/15/46 | 126 | ||||||||||||
125 | U.S. Treasury Bond | 2.88 | 5/15/43 | 136 | ||||||||||||
94 | U.S. Treasury Bond | 2.88 | 5/15/49 | 104 | ||||||||||||
110 | U.S. Treasury Bond | 2.88 | 8/15/45 | 120 | ||||||||||||
75 | U.S. Treasury Bond | 3.00 | 11/15/45 | 84 | ||||||||||||
14 | U.S. Treasury Bond | 3.00 | 5/15/42 | 16 | ||||||||||||
125 | U.S. Treasury Bond | 3.00 | 11/15/44 | 139 | ||||||||||||
75 | U.S. Treasury Bond | 3.00 | 2/15/47 | 84 | ||||||||||||
120 | U.S. Treasury Bond | 3.00 | 8/15/48 | 135 | ||||||||||||
90 | U.S. Treasury Bond | 3.00 | 2/15/49 | 102 | ||||||||||||
50 | U.S. Treasury Bond | 3.00 | 5/15/45 | 56 | ||||||||||||
125 | U.S. Treasury Bond | 3.00 | 5/15/47 | 140 | ||||||||||||
50 | U.S. Treasury Bond | 3.00 | 2/15/48 | 56 | ||||||||||||
47 | U.S. Treasury Bond | 3.13 | 2/15/42 | 53 | ||||||||||||
80 | U.S. Treasury Bond | 3.13 | 5/15/48 | 92 | ||||||||||||
90 | U.S. Treasury Bond | 3.13 | 2/15/43 | 102 | ||||||||||||
115 | U.S. Treasury Bond | 3.13 | 8/15/44 | 131 | ||||||||||||
75 | U.S. Treasury Bond | 3.38 | 5/15/44 | 89 | ||||||||||||
55 | U.S. Treasury Bond | 3.38 | 11/15/48 | 66 | ||||||||||||
8 | U.S. Treasury Bond | 3.50 | 2/15/39 | 10 | ||||||||||||
75 | U.S. Treasury Bond | 3.63 | 8/15/43 | 92 | ||||||||||||
115 | U.S. Treasury Bond | 3.63 | 2/15/44 | 141 | ||||||||||||
53 | U.S. Treasury Bond | 3.75 | 8/15/41 | 66 | ||||||||||||
120 | U.S. Treasury Bond | 3.75 | 11/15/43 | 150 | ||||||||||||
60 | U.S. Treasury Bond | 4.38 | 5/15/40 | 81 | ||||||||||||
25 | U.S. Treasury Bond | 4.38 | 2/15/38 | 33 | ||||||||||||
35 | U.S. Treasury Bond | 4.38 | 5/15/41 | 47 | ||||||||||||
25 | U.S. Treasury Bond | 4.38 | 11/15/39 | 33 | ||||||||||||
10 | U.S. Treasury Bond | 4.50 | 2/15/36 | 13 | ||||||||||||
15 | U.S. Treasury Bond | 4.63 | 2/15/40 | 21 | ||||||||||||
70 | U.S. Treasury Bond | 4.75 | 2/15/41 | 99 | ||||||||||||
40 | U.S. Treasury Bond | 5.00 | 5/15/37 | 57 | ||||||||||||
20 | U.S. Treasury Bond | 5.25 | 2/15/29 | 26 | ||||||||||||
55 | U.S. Treasury Bond | 5.38 | 2/15/31 | 74 | ||||||||||||
25 | U.S. Treasury Bond | 6.00 | 2/15/26 | 31 | ||||||||||||
60 | U.S. Treasury Bond | 6.13 | 11/15/27 | 79 | ||||||||||||
25 | U.S. Treasury Bond | 6.13 | 8/15/29 | 34 | ||||||||||||
35 | U.S. Treasury Bond | 6.25 | 5/15/30 | 49 | ||||||||||||
15 | U.S. Treasury Bond | 6.50 | 11/15/26 | 20 | ||||||||||||
17 | U.S. Treasury Bond | 7.50 | 11/15/24 | 22 | ||||||||||||
15 | U.S. Treasury Bond | 7.63 | 2/15/25 | 19 | ||||||||||||
40 | U.S. Treasury Bond | 8.00 | 11/15/21 | 45 | ||||||||||||
55 | U.S. Treasury Note | 1.13 | 8/31/21 | 55 | ||||||||||||
25 | U.S. Treasury Note | 1.13 | 9/30/21 | 25 | ||||||||||||
105 | U.S. Treasury Note | 1.13 | 7/31/21 | 104 | ||||||||||||
35 | U.S. Treasury Note | 1.13 | 2/28/21 | 35 | ||||||||||||
100 | U.S. Treasury Note | 1.25 | 3/31/21 | 100 | ||||||||||||
95 | U.S. Treasury Note | 1.25 | 8/31/24 | 93 |
See accompanying notes to financial statements.
170
HC CAPITAL TRUST
The Core Fixed Income Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Principal Amount (000) | Security Description | Rate % | Maturity Date | Value (000) | ||||||||||||
U.S. Treasury Obligations (continued) | ||||||||||||||||
$ | 25 | U.S. Treasury Note | 1.38 | 8/31/23 | $ | 25 | ||||||||||
75 | U.S. Treasury Note | 1.38 | 8/31/26 | 73 | ||||||||||||
75 | U.S. Treasury Note | 1.38 | 9/30/23 | 74 | ||||||||||||
80 | U.S. Treasury Note | 1.38 | 1/31/21 | 80 | ||||||||||||
100 | U.S. Treasury Note | 1.38 | 5/31/21 | 100 | ||||||||||||
70 | U.S. Treasury Note | 1.38 | 6/30/23 | 69 | ||||||||||||
100 | U.S. Treasury Note | 1.38 | 4/30/21 | 100 | ||||||||||||
70 | U.S. Treasury Note | 1.38 | 10/15/22 | 70 | ||||||||||||
100 | U.S. Treasury Note | 1.50 | 3/31/23 | 100 | ||||||||||||
45 | U.S. Treasury Note | 1.50 | 8/15/26 | 44 | ||||||||||||
85 | U.S. Treasury Note | 1.50 | 11/30/21 | 85 | ||||||||||||
105 | U.S. Treasury Note | 1.50 | 2/28/23 | 105 | ||||||||||||
85 | U.S. Treasury Note | 1.50 | 10/31/24 | 84 | ||||||||||||
40 | U.S. Treasury Note | 1.50 | 8/15/22 | 40 | ||||||||||||
90 | U.S. Treasury Note | 1.50 | 11/30/24 | 89 | ||||||||||||
50 | U.S. Treasury Note | 1.50 | 10/31/21 | 50 | ||||||||||||
45 | U.S. Treasury Note | 1.50 | 8/31/21 | 45 | ||||||||||||
80 | U.S. Treasury Note | 1.50 | 9/15/22 | 80 | ||||||||||||
90 | U.S. Treasury Note | 1.50 | 9/30/21 | 90 | ||||||||||||
80 | U.S. Treasury Note | 1.50 | 9/30/24 | 79 | ||||||||||||
50 | U.S. Treasury Note | 1.50 | 1/31/22 | 50 | ||||||||||||
70 | U.S. Treasury Note | 1.63 | 10/31/26 | 69 | ||||||||||||
100 | U.S. Treasury Note | 1.63 | 10/31/23 | 100 | ||||||||||||
50 | U.S. Treasury Note | 1.63 | 6/30/21 | 50 | ||||||||||||
100 | U.S. Treasury Note | 1.63 | 4/30/23 | 100 | ||||||||||||
65 | U.S. Treasury Note | 1.63 | 8/15/22 | 65 | ||||||||||||
102 | U.S. Treasury Note | 1.63 | 11/15/22 | 102 | ||||||||||||
80 | U.S. Treasury Note | 1.63 | 5/31/23 | 80 | ||||||||||||
60 | U.S. Treasury Note | 1.63 | 5/15/26 | 59 | ||||||||||||
70 | U.S. Treasury Note | 1.63 | 11/30/26 | 69 | ||||||||||||
70 | U.S. Treasury Note | 1.63 | 9/30/26 | 69 | ||||||||||||
120 | U.S. Treasury Note | 1.63 | 2/15/26 | 119 | ||||||||||||
80 | U.S. Treasury Note | 1.63 | 12/15/22 | 80 | ||||||||||||
130 | U.S. Treasury Note | 1.63 | 8/15/29 | 127 | ||||||||||||
120 | U.S. Treasury Note | 1.63 | 12/31/21 | 120 | ||||||||||||
90 | U.S. Treasury Note | 1.75 | 5/15/22 | 90 | ||||||||||||
90 | U.S. Treasury Note | 1.75 | 7/15/22 | 90 | ||||||||||||
85 | U.S. Treasury Note | 1.75 | 3/31/22 | 85 | ||||||||||||
115 | U.S. Treasury Note | 1.75 | 4/30/22 | 115 | ||||||||||||
88 | U.S. Treasury Note | 1.75 | 12/31/24 | 88 | ||||||||||||
85 | U.S. Treasury Note | 1.75 | 11/15/29 | 84 | ||||||||||||
70 | U.S. Treasury Note | 1.75 | 12/31/26 | 70 | ||||||||||||
95 | U.S. Treasury Note | 1.75 | 7/31/21 | 95 | ||||||||||||
110 | U.S. Treasury Note | 1.75 | 9/30/22 | 110 | ||||||||||||
80 | U.S. Treasury Note | 1.75 | 7/31/24 | 80 | ||||||||||||
35 | U.S. Treasury Note | 1.75 | 11/30/21 | 35 | ||||||||||||
75 | U.S. Treasury Note | 1.75 | 6/30/24 | 75 | ||||||||||||
80 | U.S. Treasury Note | 1.75 | 1/31/23 | 80 | ||||||||||||
164 | U.S. Treasury Note | 1.75 | 5/15/23 | 165 | ||||||||||||
50 | U.S. Treasury Note | 1.75 | 6/15/22 | 50 | ||||||||||||
20 | U.S. Treasury Note | 1.88 | 8/31/24 | 20 | ||||||||||||
90 | U.S. Treasury Note | 1.88 | 9/30/22 | 91 | ||||||||||||
105 | U.S. Treasury Note | 1.88 | 1/31/22 | 106 | ||||||||||||
65 | U.S. Treasury Note | 1.88 | 7/31/22 | 65 |
See accompanying notes to financial statements.
171
HC CAPITAL TRUST
The Core Fixed Income Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Principal Amount (000) | Security Description | Rate % | Maturity Date | Value (000) | ||||||||||||
U.S. Treasury Obligations (continued) | ||||||||||||||||
$ | 125 | U.S. Treasury Note | 1.88 | 4/30/22 | $ | 126 | ||||||||||
85 | U.S. Treasury Note | 1.88 | 5/31/22 | 86 | ||||||||||||
85 | U.S. Treasury Note | 1.88 | 8/31/22 | 86 | ||||||||||||
70 | U.S. Treasury Note | 1.88 | 10/31/22 | 70 | ||||||||||||
75 | U.S. Treasury Note | 1.88 | 7/31/26 | 75 | ||||||||||||
50 | U.S. Treasury Note | 1.88 | 2/28/22 | 50 | ||||||||||||
110 | U.S. Treasury Note | 1.88 | 11/30/21 | 111 | ||||||||||||
100 | U.S. Treasury Note | 1.88 | 3/31/22 | 101 | ||||||||||||
50 | U.S. Treasury Note | 1.88 | 6/30/26 | 50 | ||||||||||||
100 | U.S. Treasury Note | 2.00 | 2/28/21 | 100 | ||||||||||||
95 | U.S. Treasury Note | 2.00 | 7/31/22 | 96 | ||||||||||||
190 | U.S. Treasury Note | 2.00 | 2/15/25 | 192 | ||||||||||||
100 | U.S. Treasury Note | 2.00 | 5/31/21 | 101 | ||||||||||||
145 | U.S. Treasury Note | 2.00 | 11/15/21 | 146 | ||||||||||||
110 | U.S. Treasury Note | 2.00 | 6/30/24 | 111 | ||||||||||||
110 | U.S. Treasury Note | 2.00 | 12/31/21 | 111 | ||||||||||||
100 | U.S. Treasury Note | 2.00 | 2/15/22 | 101 | ||||||||||||
150 | U.S. Treasury Note | 2.00 | 11/30/22 | 152 | ||||||||||||
75 | U.S. Treasury Note | 2.00 | 10/31/22 | 76 | ||||||||||||
195 | U.S. Treasury Note | 2.00 | 8/15/25 | 196 | ||||||||||||
80 | U.S. Treasury Note | 2.00 | 8/31/21 | 81 | ||||||||||||
60 | U.S. Treasury Note | 2.00 | 10/31/21 | 60 | ||||||||||||
185 | U.S. Treasury Note | 2.00 | 11/15/26 | 187 | ||||||||||||
120 | U.S. Treasury Note | 2.00 | 4/30/24 | 122 | ||||||||||||
125 | U.S. Treasury Note | 2.00 | 5/31/24 | 127 | ||||||||||||
105 | U.S. Treasury Note | 2.13 | 12/31/21 | 106 | ||||||||||||
30 | U.S. Treasury Note | 2.13 | 1/31/21 | 30 | ||||||||||||
110 | U.S. Treasury Note | 2.13 | 12/31/22 | 112 | ||||||||||||
45 | U.S. Treasury Note | 2.13 | 5/15/25 | 46 | ||||||||||||
100 | U.S. Treasury Note | 2.13 | 5/31/26 | 102 | ||||||||||||
90 | U.S. Treasury Note | 2.13 | 6/30/22 | 91 | ||||||||||||
90 | U.S. Treasury Note | 2.13 | 11/30/23 | 92 | ||||||||||||
170 | U.S. Treasury Note | 2.13 | 3/31/24 | 173 | ||||||||||||
5 | U.S. Treasury Note | 2.13 | 9/30/21 | 5 | ||||||||||||
65 | U.S. Treasury Note | 2.13 | 9/30/24 | 66 | ||||||||||||
5 | U.S. Treasury Note | 2.13 | 2/29/24 | 5 | ||||||||||||
55 | U.S. Treasury Note | 2.13 | 7/31/24 | 56 | ||||||||||||
45 | U.S. Treasury Note | 2.13 | 8/15/21 | 45 | ||||||||||||
70 | U.S. Treasury Note | 2.13 | 6/30/21 | 71 | ||||||||||||
40 | U.S. Treasury Note | 2.25 | 4/30/21 | 40 | ||||||||||||
80 | U.S. Treasury Note | 2.25 | 12/31/23 | 82 | ||||||||||||
150 | U.S. Treasury Note | 2.25 | 11/15/24 | 154 | ||||||||||||
95 | U.S. Treasury Note | 2.25 | 11/15/25 | 98 | ||||||||||||
50 | U.S. Treasury Note | 2.25 | 4/30/24 | 51 | ||||||||||||
165 | U.S. Treasury Note | 2.25 | 2/15/27 | 169 | ||||||||||||
100 | U.S. Treasury Note | 2.25 | 4/15/22 | 101 | ||||||||||||
40 | U.S. Treasury Note | 2.25 | 7/31/21 | 40 | ||||||||||||
180 | U.S. Treasury Note | 2.25 | 3/31/21 | 181 | ||||||||||||
175 | U.S. Treasury Note | 2.25 | 11/15/27 | 180 | ||||||||||||
75 | U.S. Treasury Note | 2.25 | 10/31/24 | 77 | ||||||||||||
80 | U.S. Treasury Note | 2.25 | 1/31/24 | 82 | ||||||||||||
80 | U.S. Treasury Note | 2.25 | 3/31/26 | 82 | ||||||||||||
55 | U.S. Treasury Note | 2.25 | 12/31/24 | 56 | ||||||||||||
185 | U.S. Treasury Note | 2.25 | 8/15/27 | 189 |
See accompanying notes to financial statements.
172
HC CAPITAL TRUST
The Core Fixed Income Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Principal Amount (000) | Security Description | Rate % | Maturity Date | Value (000) | ||||||||||||
U.S. Treasury Obligations (continued) | ||||||||||||||||
$ | 85 | U.S. Treasury Note | 2.25 | 2/15/21 | $ | 86 | ||||||||||
110 | U.S. Treasury Note | 2.38 | 1/31/23 | 112 | ||||||||||||
175 | U.S. Treasury Note | 2.38 | 5/15/27 | 181 | ||||||||||||
80 | U.S. Treasury Note | 2.38 | 4/30/26 | 83 | ||||||||||||
95 | U.S. Treasury Note | 2.38 | 3/15/22 | 97 | ||||||||||||
100 | U.S. Treasury Note | 2.38 | 2/29/24 | 103 | ||||||||||||
90 | U.S. Treasury Note | 2.38 | 4/15/21 | 91 | ||||||||||||
10 | U.S. Treasury Note | 2.38 | 3/15/21 | 10 | ||||||||||||
100 | U.S. Treasury Note | 2.38 | 8/15/24 | 103 | ||||||||||||
120 | U.S. Treasury Note | 2.38 | 5/15/29 | 125 | ||||||||||||
50 | U.S. Treasury Note | 2.50 | 3/31/23 | 51 | ||||||||||||
85 | U.S. Treasury Note | 2.50 | 2/28/26 | 88 | ||||||||||||
50 | U.S. Treasury Note | 2.50 | 1/15/22 | 51 | ||||||||||||
110 | U.S. Treasury Note | 2.50 | 2/28/21 | 111 | ||||||||||||
105 | U.S. Treasury Note | 2.50 | 2/15/22 | 107 | ||||||||||||
50 | U.S. Treasury Note | 2.50 | 1/31/24 | 52 | ||||||||||||
110 | U.S. Treasury Note | 2.50 | 1/31/21 | 111 | ||||||||||||
127 | U.S. Treasury Note | 2.50 | 8/15/23 | 131 | ||||||||||||
105 | U.S. Treasury Note | 2.50 | 5/15/24 | 109 | ||||||||||||
100 | U.S. Treasury Note | 2.63 | 12/31/23 | 104 | ||||||||||||
105 | U.S. Treasury Note | 2.63 | 12/15/21 | 107 | ||||||||||||
165 | U.S. Treasury Note | 2.63 | 2/15/29 | 175 | ||||||||||||
90 | U.S. Treasury Note | 2.63 | 12/31/25 | 94 | ||||||||||||
60 | U.S. Treasury Note | 2.63 | 2/28/23 | 62 | ||||||||||||
105 | U.S. Treasury Note | 2.63 | 6/30/23 | 108 | ||||||||||||
130 | U.S. Treasury Note | 2.63 | 7/15/21 | 132 | ||||||||||||
100 | U.S. Treasury Note | 2.63 | 3/31/25 | 105 | ||||||||||||
95 | U.S. Treasury Note | 2.63 | 5/15/21 | 96 | ||||||||||||
95 | U.S. Treasury Note | 2.63 | 6/15/21 | 96 | ||||||||||||
85 | U.S. Treasury Note | 2.63 | 1/31/26 | 89 | ||||||||||||
100 | U.S. Treasury Note | 2.75 | 2/15/24 | 104 | ||||||||||||
50 | U.S. Treasury Note | 2.75 | 9/15/21 | 51 | ||||||||||||
105 | U.S. Treasury Note | 2.75 | 8/31/23 | 109 | ||||||||||||
85 | U.S. Treasury Note | 2.75 | 8/31/25 | 90 | ||||||||||||
80 | U.S. Treasury Note | 2.75 | 2/15/28 | 85 | ||||||||||||
90 | U.S. Treasury Note | 2.75 | 2/28/25 | 95 | ||||||||||||
90 | U.S. Treasury Note | 2.75 | 7/31/23 | 93 | ||||||||||||
170 | U.S. Treasury Note | 2.75 | 11/15/23 | 177 | ||||||||||||
95 | U.S. Treasury Note | 2.75 | 5/31/23 | 98 | ||||||||||||
90 | U.S. Treasury Note | 2.75 | 6/30/25 | 95 | ||||||||||||
45 | U.S. Treasury Note | 2.75 | 4/30/23 | 47 | ||||||||||||
95 | U.S. Treasury Note | 2.75 | 8/15/21 | 97 | ||||||||||||
140 | U.S. Treasury Note | 2.88 | 5/15/28 | 151 | ||||||||||||
50 | U.S. Treasury Note | 2.88 | 10/31/23 | 52 | ||||||||||||
50 | U.S. Treasury Note | 2.88 | 10/15/21 | 51 | ||||||||||||
30 | U.S. Treasury Note | 2.88 | 10/31/20 | 30 | ||||||||||||
35 | U.S. Treasury Note | 2.88 | 11/30/23 | 37 | ||||||||||||
90 | U.S. Treasury Note | 2.88 | 11/30/25 | 96 | ||||||||||||
75 | U.S. Treasury Note | 2.88 | 7/31/25 | 79 | ||||||||||||
100 | U.S. Treasury Note | 2.88 | 11/15/21 | 102 | ||||||||||||
90 | U.S. Treasury Note | 2.88 | 4/30/25 | 95 | ||||||||||||
105 | U.S. Treasury Note | 2.88 | 9/30/23 | 110 | ||||||||||||
200 | U.S. Treasury Note | 2.88 | 8/15/28 | 215 | ||||||||||||
85 | U.S. Treasury Note | 3.00 | 10/31/25 | 91 |
See accompanying notes to financial statements.
173
HC CAPITAL TRUST
The Core Fixed Income Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Principal Amount (000) | Security Description | Rate % | Maturity Date | Value (000) | ||||||||||||
U.S. Treasury Obligations (continued) | ||||||||||||||||
$ | 85 | U.S. Treasury Note | 3.00 | 9/30/25 | $ | 91 | ||||||||||
100 | U.S. Treasury Note | 3.13 | 5/15/21 | 102 | ||||||||||||
115 | U.S. Treasury Note | 3.13 | 11/15/28 | 126 | ||||||||||||
100 | U.S. Treasury Note | 3.63 | 2/15/21 | 102 | ||||||||||||
|
| |||||||||||||||
Total U.S. Treasury Obligations | 19,666 | |||||||||||||||
|
| |||||||||||||||
Yankee Dollars — 6.72% | ||||||||||||||||
100 | America Movil SAB de CV (Wireless Telecommunication Services) | 5.00 | 3/30/20 | 101 | ||||||||||||
85 | America Movil SAB de CV (Wireless Telecommunication Services) | 6.13 | 11/15/37 | 110 | ||||||||||||
100 | Aptiv PLC (Auto Components), Callable 10/15/25 @ 100.00 | 4.25 | 1/15/26 | 108 | ||||||||||||
45 | BHP Billiton Finance USA Ltd. (Metals & Mining) | 5.00 | 9/30/43 | 57 | ||||||||||||
185 | BP Capital Markets PLC (Diversified Financial Services) | 3.54 | 11/4/24 | 197 | ||||||||||||
114 | British Telecommunications PLC (Diversified Telecommunication Services) | 9.63 | 12/15/30 | 175 | ||||||||||||
245 | Canadian Natural Resources Ltd. (Oil, Gas & Consumable Fuels), | 2.95 | 1/15/23 | 250 | ||||||||||||
150 | Canadian Natural Resources Ltd. (Oil, Gas & Consumable Fuels), Callable 3/1/27 @ 100.00 | 3.85 | 6/1/27 | 160 | ||||||||||||
270 | Canadian Pacific Railway Co. (Road & Rail), Callable 12/15/22 @ 100.00 | 4.45 | 3/15/23 | 286 | ||||||||||||
250 | Coca-Cola European Partners PLC (Beverages) | 3.50 | 9/15/20 | 252 | ||||||||||||
105 | Deutsche Telekom International Finance BV (Diversified Telecommunication Services) | 8.75 | (c) | 6/15/30 | 154 | |||||||||||
90 | Diageo Capital PLC (Diversified Financial Services) | 5.88 | 9/30/36 | 122 | ||||||||||||
210 | HSBC Holdings PLC (Banks) | 4.00 | 3/30/22 | 220 | ||||||||||||
200 | HSBC Holdings PLC (Banks) | 5.10 | 4/5/21 | 207 | ||||||||||||
140 | Iberdrola International BV (Electric Utilities) | 5.81 | 3/15/25 | 161 | ||||||||||||
145 | Iberdrola International BV (Electric Utilities) | 6.75 | 7/15/36 | 201 | ||||||||||||
40 | LYB International Finance II BV (Chemicals), Callable 12/2/26 @ 100.00 | 3.50 | 3/2/27 | 41 | ||||||||||||
25 | LyondellBasell Industries N.V. (Chemicals) | 4.00 | 7/15/23 | 27 | ||||||||||||
35 | LyondellBasell Industries N.V. (Chemicals), Callable 8/26/54 @ 100.00 | 4.63 | 2/26/55 | 37 | ||||||||||||
105 | Orange SA (Diversified Telecommunication Services) | 9.00 | 3/1/31 | 162 | ||||||||||||
90 | Shell International Finance BV (Oil, Gas & Consumable Fuels) | 4.13 | 5/11/35 | 105 | ||||||||||||
170 | Shell International Finance BV (Oil, Gas & Consumable Fuels) | 6.38 | 12/15/38 | 248 | ||||||||||||
105 | Statoil ASA (Oil, Gas & Consumable Fuels) | 5.10 | 8/17/40 | 134 | ||||||||||||
55 | Telefonica Emisiones SAU (Diversified Telecommunication Services) | 5.13 | 4/27/20 | 56 | ||||||||||||
25 | Telefonica Emisiones SAU (Diversified Telecommunication Services) | 5.46 | 2/16/21 | 26 | ||||||||||||
75 | Telefonica Emisiones SAU (Diversified Telecommunication Services) | 7.05 | 6/20/36 | 105 | ||||||||||||
240 | TransCanada PipeLines Ltd. (Oil, Gas & Consumable Fuels), Callable 2/15/28 @ 100.00 | 4.25 | 5/15/28 | 265 | ||||||||||||
140 | TransCanada PipeLines Ltd. (Oil, Gas & Consumable Fuels) | 6.10 | 6/1/40 | 182 | ||||||||||||
20 | TransCanada PipeLines Ltd. (Oil, Gas & Consumable Fuels) | 6.20 | 10/15/37 | 26 | ||||||||||||
35 | Vodafone Group PLC (Wireless Telecommunication Services) | 5.00 | 5/30/38 | 41 | ||||||||||||
90 | Vodafone Group PLC (Wireless Telecommunication Services) | 6.15 | 2/27/37 | 115 | ||||||||||||
|
| |||||||||||||||
Total Yankee Dollars | 4,331 | |||||||||||||||
|
| |||||||||||||||
Shares | ||||||||||||||||
Investment Companies — 7.10% | ||||||||||||||||
263,985 | State Street Institutional Treasury Money Market Fund, Premier Class | 1.50 | (d) | 264 | ||||||||||||
4,308,948 | State Street Institutional Treasury Plus Money Market Fund, Trust Class | 1.49 | (d) | 4,309 | ||||||||||||
|
| |||||||||||||||
Total Investment Companies | 4,573 | |||||||||||||||
|
| |||||||||||||||
Total Investments (cost $63,784) — 102.93% | 66,325 | |||||||||||||||
Liabilities in excess of other assets — (2.93)% | (1,889 | ) | ||||||||||||||
|
| |||||||||||||||
Net Assets — 100.00% | $ | 64,436 | ||||||||||||||
|
|
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 December 31, 2019. |
(b) | Variable Rate Security. The rate disclosed is the rate in effect on December 31, 2019. |
See accompanying notes to financial statements.
174
HC CAPITAL TRUST
The Core Fixed Income Portfolio
Portfolio of Investments (concluded) — December 31, 2019 (Unaudited)
(c) | Step Bond: Coupon rate is set for an initial period and then increased to a higher coupon rate at a specified date. The rate disclosed is the rate in effect on December 31, 2019. |
(d) | The rate disclosed is the rate in effect on December 31, 2019. |
bps — Basis Points
MTN — Medium Term Note
TBA — To Be Announced purchase or sale commitment. Security is subject to delayed delivery
US0003M — 3 Month US Dollar LIBOR
The following table reflects the percentage of total net assets of the Portfolio attributable to each Specialist Manager as of December 31, 2019.
The Core Fixed Income Portfolio | Agincourt Capital Management, LLC | Mellon Investments Corporation | HC Capital Solutions | Total | ||||||||||||
Asset Backed Securities | — | 0.41 | % | — | 0.41 | % | ||||||||||
Collateralized Mortgage Obligations | — | 1.53 | % | — | 1.53 | % | ||||||||||
U.S. Government Agency Mortgages | — | 21.05 | % | — | 21.05 | % | ||||||||||
U.S. Government Agency Securities | — | 0.94 | % | — | 0.94 | % | ||||||||||
Corporate Bonds | 34.66 | % | — | — | 34.66 | % | ||||||||||
U.S. Treasury Obligations | — | 30.52 | % | — | 30.52 | % | ||||||||||
Yankee Dollars | 6.72 | % | — | — | 6.72 | % | ||||||||||
Investment Companies | 0.41 | % | 3.40 | % | 3.29 | % | 7.10 | % | ||||||||
Other Assets (Liabilities) | 0.23 | % | -3.15 | % | -0.01 | % | -2.93 | % | ||||||||
|
|
|
|
|
|
|
| |||||||||
Total Net Assets | 42.02 | % | 54.70 | % | 3.28 | % | 100.00 | % | ||||||||
|
|
|
|
|
|
|
|
Amounts designated as “—” indicate the Specialist Manager did not manage any holdings in that category.
See accompanying notes to financial statements.
175
HC CAPITAL TRUST
The Fixed Income Opportunity Portfolio
Portfolio of Investments — December 31, 2019 (Unaudited)
Principal Amount (000) | Security Description | Rate % | Maturity Date | Value (000) | ||||||||||||
Collateralized Mortgage Obligations — 1.56% | ||||||||||||||||
$ | 2,100 | DBUBS Mortgage Trust, Series 2011-LC3A, Class – G (a) | 3.75 | 8/10/44 | $ | 1,611 | ||||||||||
2,462 | JPMorgan Chase Commercial Mortgage Securities Corp., Series 2007-CB19, Class – AJ, Callable 2/4/20 @ 100.00 | 5.81 | (b) | 2/12/49 | 1,715 | |||||||||||
4,726 | UBS-Barclays Commercial Mortgage Trust, Series 2012-C2, Class – G (a) | 4.89 | (b) | 5/10/63 | 1,691 | |||||||||||
2,990 | Upgrade Pass-Through Trust, Series 2018-7, Class – A (a) | 14.78 | 1/15/25 | 2,853 | ||||||||||||
|
| |||||||||||||||
Total Collateralized Mortgage Obligations | 7,870 | |||||||||||||||
|
| |||||||||||||||
U.S. Government Agency Mortgages — 0.00% | ||||||||||||||||
1,454 | Freddie Mac, Seasoned Credit Risk Transfer Trust, Series 2017-2, Class – XSIO, | 0.07 | (b) | 8/25/56 | 7 | |||||||||||
|
| |||||||||||||||
Total U.S. Government Agency Mortgages | 7 | |||||||||||||||
|
| |||||||||||||||
Shares | ||||||||||||||||
Investment Companies — 96.99% | ||||||||||||||||
1,177,000 | Federated Treasury Obligations Fund, Institutional Shares^^ | 2.29 | (d) | 1,177 | ||||||||||||
488,488,550 | State Street Institutional Treasury Plus Money Market Fund, Trust Class | 1.49 | (d) | 488,489 | ||||||||||||
|
| |||||||||||||||
Total Investment Companies | 489,666 | |||||||||||||||
|
| |||||||||||||||
Total Investments (cost $498,858) — 98.55% | 497,543 | |||||||||||||||
Other assets in excess of liabilities — 1.45% | 7,308 | |||||||||||||||
|
| |||||||||||||||
Net Assets — 100.00% | $ | 504,851 | ||||||||||||||
|
|
Amounts designated as “—” are $0 or have been rounded to $0.
^^ | 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 December 31, 2019. |
(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) | 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 December 31, 2019. |
(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. This security may be resold in transactions exempt from registration, normally to qualified institutional buyers. This security has been deemed illiquid by the Specialist Manager and represents 0.00% of the Portfolio’s net assets. |
(d) | The rate disclosed is the rate in effect on December 31, 2019. |
The following table reflects the percentage of total net assets of the Portfolio attributable to each Specialist Manager as of December 31, 2019.
The Fixed Income Opportunity Portfolio | Parametric Portfolio Associates, LLC | Western Asset Management Company, Ltd. | Total | |||||||||
Collateralized Mortgage Obligations | — | 1.56 | % | 1.56 | % | |||||||
U.S. Government Agency Mortgages | — | 0.00 | % | 0.00 | % | |||||||
Investment Companies | 95.14 | % | 1.85 | % | 96.99 | % | ||||||
Other Assets (Liabilities) | 1.43 | % | 0.02 | % | 1.45 | % | ||||||
|
|
|
|
|
| |||||||
Total Net Assets | 96.57 | % | 3.43 | % | 100.00 | % | ||||||
|
|
|
|
|
|
Amounts designated as “—” indicate the Specialist Manager did not manage any holdings in that category.
Amounts designated as “0.00%” round to less than 0.005%.
See accompanying notes to financial statements.
176
HC CAPITAL TRUST
The Fixed Income Opportunity Portfolio
Portfolio of Investments (concluded) — December 31, 2019 (Unaudited)
|
The following table reflects the open derivative positions held by the Portfolio as of December 31, 2019.
Futures Contracts Purchased^
Description | Number | Expiration Date | Notional Amount (000) | Value and Unrealized Appreciation/ (Depreciation) (000) | ||||||||||
5-Year US Treasury Note Future | 2,522 | 3/31/20 | $ | 299,133 | $ | (463 | ) | |||||||
E-Mini S&P 500 Future | 1,061 | 3/20/20 | 171,410 | 3,192 | ||||||||||
|
|
|
| |||||||||||
$ | 470,543 | $ | 2,729 | |||||||||||
|
|
|
| |||||||||||
Total Unrealized Appreciation |
| $ | 3,192 | |||||||||||
Total Unrealized Depreciation |
| (463 | ) | |||||||||||
|
| |||||||||||||
Total Net Unrealized Appreciation/(Depreciation) |
| $ | 2,729 | |||||||||||
|
|
^ | Cash has been pledged as collateral for futures contracts held by the Portfolio. |
Amounts designated as “—” are $0 or have been rounded to $0.
See accompanying notes to financial statements.
177
HC CAPITAL TRUST
The U.S. Government Fixed Income Securities Portfolio
Portfolio of Investments — December 31, 2019 (Unaudited)
Principal Amount (000) | Security Description | Rate % | Maturity Date | Value (000) | ||||||||||||
U.S. Government Agency Securities — 2.76% | ||||||||||||||||
$ | 350 | Fannie Mae | 1.38 | 10/7/21 | $ | 348 | ||||||||||
275 | Fannie Mae | 1.75 | 7/2/24 | 275 | ||||||||||||
350 | Fannie Mae | 1.88 | 9/24/26 | 349 | ||||||||||||
400 | Fannie Mae | 2.00 | 1/5/22 | 403 | ||||||||||||
400 | Fannie Mae | 2.00 | 10/5/22 | 405 | ||||||||||||
150 | Fannie Mae | 2.13 | 4/24/26 | 152 | ||||||||||||
250 | Fannie Mae | 2.63 | 9/6/24 | 260 | ||||||||||||
95 | Fannie Mae | 6.25 | 5/15/29 | 128 | ||||||||||||
160 | Fannie Mae | 6.63 | 11/15/30 | 228 | ||||||||||||
180 | Fannie Mae | 7.25 | 5/15/30 | 264 | ||||||||||||
325 | Federal Farm Credit Bank | 1.55 | 8/16/21 | 325 | ||||||||||||
50 | Federal Farm Credit Bank, Callable 1/15/20 @ 100.00 | 1.58 | 2/17/21 | 50 | ||||||||||||
500 | Federal Home Loan Bank | 1.13 | 7/14/21 | 496 | ||||||||||||
500 | Federal Home Loan Bank | 1.38 | 9/28/20 | 499 | ||||||||||||
500 | Federal Home Loan Bank | 1.38 | 2/18/21 | 499 | ||||||||||||
250 | Federal Home Loan Bank | 1.63 | 11/19/21 | 250 | ||||||||||||
100 | Federal Home Loan Bank | 1.88 | 7/7/21 | 100 | ||||||||||||
50 | Federal Home Loan Bank | 2.13 | 3/10/23 | 51 | ||||||||||||
75 | Federal Home Loan Bank, Callable 1/29/20 @ 100.00 | 2.25 | 1/29/21 | 75 | ||||||||||||
100 | Federal Home Loan Bank | 2.63 | 10/1/20 | 101 | ||||||||||||
160 | Federal Home Loan Bank | 2.88 | 9/11/20 | 161 | ||||||||||||
150 | Federal Home Loan Bank | 2.88 | 9/13/24 | 158 | ||||||||||||
500 | Federal Home Loan Bank | 3.00 | 10/12/21 | 512 | ||||||||||||
300 | Federal Home Loan Bank | 3.38 | 9/8/23 | 318 | ||||||||||||
180 | Federal Home Loan Bank | 5.25 | 12/11/20 | 186 | ||||||||||||
65 | Federal Home Loan Bank | 5.50 | 7/15/36 | 91 | ||||||||||||
500 | Freddie Mac | 1.88 | 11/17/20 | 501 | ||||||||||||
100 | Freddie Mac, Callable 5/8/20 @ 100.00 | 2.05 | 11/8/24 | 100 | ||||||||||||
350 | Freddie Mac | 2.38 | 1/13/22 | 355 | ||||||||||||
150 | Freddie Mac | 2.75 | 6/19/23 | 156 | ||||||||||||
150 | Freddie Mac | 6.25 | 7/15/32 | 215 | ||||||||||||
180 | Freddie Mac | 6.75 | 3/15/31 | 260 | ||||||||||||
110 | Tennessee Valley Authority | 4.70 | 7/15/33 | 138 | ||||||||||||
85 | Tennessee Valley Authority | 5.25 | 9/15/39 | 116 | ||||||||||||
100 | Tennessee Valley Authority | 5.88 | 4/1/36 | 141 | ||||||||||||
190 | Tennessee Valley Authority | 6.15 | 1/15/38 | 280 | ||||||||||||
|
| |||||||||||||||
Total U.S. Government Agency Securities | 8,946 | |||||||||||||||
|
| |||||||||||||||
U.S. Treasury Obligations — 95.45% | ||||||||||||||||
2,405 | U.S. Treasury Bond | 2.25 | 8/15/49 | 2,334 | ||||||||||||
1,260 | U.S. Treasury Bond | 2.25 | 8/15/46 | 1,225 | ||||||||||||
495 | U.S. Treasury Bond | 2.38 | 11/15/49 | 494 | ||||||||||||
1,015 | U.S. Treasury Bond | 2.50 | 2/15/45 | 1,036 | ||||||||||||
1,550 | U.S. Treasury Bond | 2.50 | 5/15/46 | 1,583 | ||||||||||||
1,135 | U.S. Treasury Bond | 2.50 | 2/15/46 | 1,159 | ||||||||||||
837 | U.S. Treasury Bond | 2.75 | 8/15/42 | 894 | ||||||||||||
671 | U.S. Treasury Bond | 2.75 | 11/15/42 | 716 | ||||||||||||
1,520 | U.S. Treasury Bond | 2.75 | 11/15/47 | 1,630 | ||||||||||||
1,110 | U.S. Treasury Bond | 2.75 | 8/15/47 | 1,190 | ||||||||||||
1,985 | U.S. Treasury Bond | 2.88 | 5/15/49 | 2,189 | ||||||||||||
1,116 | U.S. Treasury Bond | 2.88 | 5/15/43 | 1,216 | ||||||||||||
955 | U.S. Treasury Bond | 2.88 | 11/15/46 | 1,048 | ||||||||||||
1,980 | U.S. Treasury Bond | 2.88 | 8/15/45 | 2,165 | ||||||||||||
1,695 | U.S. Treasury Bond | 3.00 | 8/15/48 | 1,909 | ||||||||||||
1,430 | U.S. Treasury Bond | 3.00 | 2/15/49 | 1,613 |
See accompanying notes to financial statements.
178
HC CAPITAL TRUST
The U.S. Government Fixed Income Securities Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Principal Amount (000) | Security Description | Rate % | Maturity Date | Value (000) | ||||||||||||
U.S. Treasury Obligations (continued) | ||||||||||||||||
$ | 1,520 | U.S. Treasury Bond | 3.00 | 2/15/48 | $ | 1,709 | ||||||||||
1,260 | U.S. Treasury Bond | 3.00 | 5/15/45 | 1,408 | ||||||||||||
1,470 | U.S. Treasury Bond | 3.00 | 11/15/45 | 1,645 | ||||||||||||
1,705 | U.S. Treasury Bond | 3.00 | 2/15/47 | 1,916 | ||||||||||||
389 | U.S. Treasury Bond | 3.00 | 5/15/42 | 433 | ||||||||||||
1,925 | U.S. Treasury Bond | 3.00 | 5/15/47 | 2,163 | ||||||||||||
1,615 | U.S. Treasury Bond | 3.00 | 11/15/44 | 1,801 | ||||||||||||
1,580 | U.S. Treasury Bond | 3.13 | 8/15/44 | 1,798 | ||||||||||||
605 | U.S. Treasury Bond | 3.13 | 2/15/42 | 686 | ||||||||||||
1,505 | U.S. Treasury Bond | 3.13 | 5/15/48 | 1,733 | ||||||||||||
1,447 | U.S. Treasury Bond | 3.13 | 2/15/43 | 1,641 | ||||||||||||
411 | U.S. Treasury Bond | 3.13 | 11/15/41 | 466 | ||||||||||||
1,100 | U.S. Treasury Bond | 3.38 | 11/15/48 | 1,327 | ||||||||||||
1,130 | U.S. Treasury Bond | 3.38 | 5/15/44 | 1,338 | ||||||||||||
40 | U.S. Treasury Bond | 3.50 | 2/15/39 | 48 | ||||||||||||
1,500 | U.S. Treasury Bond | 3.63 | 8/15/43 | 1,840 | ||||||||||||
1,280 | U.S. Treasury Bond | 3.63 | 2/15/44 | 1,574 | ||||||||||||
730 | U.S. Treasury Bond | 3.75 | 8/15/41 | 906 | ||||||||||||
1,345 | U.S. Treasury Bond | 3.75 | 11/15/43 | 1,683 | ||||||||||||
570 | U.S. Treasury Bond | 3.88 | 8/15/40 | 718 | ||||||||||||
565 | U.S. Treasury Bond | 4.25 | 11/15/40 | 748 | ||||||||||||
30 | U.S. Treasury Bond | 4.25 | 5/15/39 | 39 | ||||||||||||
363 | U.S. Treasury Bond | 4.38 | 5/15/40 | 487 | ||||||||||||
551 | U.S. Treasury Bond | 4.38 | 5/15/41 | 743 | ||||||||||||
1,055 | U.S. Treasury Bond | 4.38 | 11/15/39 | 1,412 | ||||||||||||
530 | U.S. Treasury Bond | 4.38 | 2/15/38 | 705 | ||||||||||||
425 | U.S. Treasury Bond | 4.50 | 2/15/36 | 564 | ||||||||||||
150 | U.S. Treasury Bond | 4.50 | 8/15/39 | 204 | ||||||||||||
255 | U.S. Treasury Bond | 4.50 | 5/15/38 | 345 | ||||||||||||
673 | U.S. Treasury Bond | 4.63 | 2/15/40 | 931 | ||||||||||||
825 | U.S. Treasury Bond | 4.75 | 2/15/41 | 1,164 | ||||||||||||
70 | U.S. Treasury Bond | 4.75 | 2/15/37 | 96 | ||||||||||||
235 | U.S. Treasury Bond | 5.00 | 5/15/37 | 333 | ||||||||||||
282 | U.S. Treasury Bond | 5.25 | 11/15/28 | 359 | ||||||||||||
760 | U.S. Treasury Bond | 5.25 | 2/15/29 | 972 | ||||||||||||
599 | U.S. Treasury Bond | 5.38 | 2/15/31 | 804 | ||||||||||||
85 | U.S. Treasury Bond | 6.00 | 2/15/26 | 106 | ||||||||||||
810 | U.S. Treasury Bond | 6.13 | 11/15/27 | 1,063 | ||||||||||||
150 | U.S. Treasury Bond | 6.13 | 8/15/29 | 206 | ||||||||||||
197 | U.S. Treasury Bond | 6.25 | 8/15/23 | 229 | ||||||||||||
320 | U.S. Treasury Bond | 6.25 | 5/15/30 | 450 | ||||||||||||
100 | U.S. Treasury Bond | 6.38 | 8/15/27 | 132 | ||||||||||||
218 | U.S. Treasury Bond | 6.50 | 11/15/26 | 284 | ||||||||||||
200 | U.S. Treasury Bond | 6.75 | 8/15/26 | 262 | ||||||||||||
300 | U.S. Treasury Bond | 6.88 | 8/15/25 | 382 | ||||||||||||
325 | U.S. Treasury Bond | 7.25 | 8/15/22 | 372 | ||||||||||||
295 | U.S. Treasury Bond | 7.63 | 2/15/25 | 380 | ||||||||||||
7 | U.S. Treasury Bond | 7.88 | 2/15/21 | 7 | ||||||||||||
400 | U.S. Treasury Bond | 8.00 | 11/15/21 | 446 | ||||||||||||
110 | U.S. Treasury Bond | 8.13 | 8/15/21 | 121 | ||||||||||||
830 | U.S. Treasury Note | 1.13 | 9/30/21 | 823 | ||||||||||||
1,100 | U.S. Treasury Note | 1.13 | 8/31/21 | 1,091 | ||||||||||||
1,385 | U.S. Treasury Note | 1.13 | 7/31/21 | 1,374 | ||||||||||||
1,870 | U.S. Treasury Note | 1.13 | 2/28/21 | 1,859 |
See accompanying notes to financial statements.
179
HC CAPITAL TRUST
The U.S. Government Fixed Income Securities Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Principal Amount (000) | Security Description | Rate % | Maturity Date | Value (000) | ||||||||||||
U.S. Treasury Obligations (continued) | ||||||||||||||||
$ | 280 | U.S. Treasury Note | 1.13 | 6/30/21 | $ | 278 | ||||||||||
1,870 | U.S. Treasury Note | 1.25 | 3/31/21 | 1,861 | ||||||||||||
1,825 | U.S. Treasury Note | 1.25 | 10/31/21 | 1,814 | ||||||||||||
930 | U.S. Treasury Note | 1.25 | 7/31/23 | 917 | ||||||||||||
670 | U.S. Treasury Note | 1.25 | 8/31/24 | 657 | ||||||||||||
1,585 | U.S. Treasury Note | 1.38 | 4/30/21 | 1,580 | ||||||||||||
2,120 | U.S. Treasury Note | 1.38 | 10/15/22 | 2,106 | ||||||||||||
2,000 | U.S. Treasury Note | 1.38 | 1/31/21 | 1,994 | ||||||||||||
1,230 | U.S. Treasury Note | 1.38 | 8/31/23 | 1,218 | ||||||||||||
1,345 | U.S. Treasury Note | 1.38 | 8/31/26 | 1,307 | ||||||||||||
735 | U.S. Treasury Note | 1.38 | 9/30/23 | 727 | ||||||||||||
1,425 | U.S. Treasury Note | 1.38 | 6/30/23 | 1,412 | ||||||||||||
1,470 | U.S. Treasury Note | 1.38 | 5/31/21 | 1,465 | ||||||||||||
2,030 | U.S. Treasury Note | 1.50 | 8/15/26 | 1,989 | ||||||||||||
1,485 | U.S. Treasury Note | 1.50 | 9/30/24 | 1,472 | ||||||||||||
825 | U.S. Treasury Note | 1.50 | 8/31/21 | 824 | ||||||||||||
1,200 | U.S. Treasury Note | 1.50 | 11/30/21 | 1,198 | ||||||||||||
1,225 | U.S. Treasury Note | 1.50 | 8/15/22 | 1,222 | ||||||||||||
2,115 | U.S. Treasury Note | 1.50 | 9/15/22 | 2,109 | ||||||||||||
1,255 | U.S. Treasury Note | 1.50 | 9/30/21 | 1,253 | ||||||||||||
1,590 | U.S. Treasury Note | 1.50 | 11/30/24 | 1,576 | ||||||||||||
1,620 | U.S. Treasury Note | 1.50 | 10/31/24 | 1,606 | ||||||||||||
1,115 | U.S. Treasury Note | 1.50 | 3/31/23 | 1,110 | ||||||||||||
1,270 | U.S. Treasury Note | 1.50 | 10/31/21 | 1,268 | ||||||||||||
1,350 | U.S. Treasury Note | 1.50 | 2/28/23 | 1,345 | ||||||||||||
1,530 | U.S. Treasury Note | 1.50 | 1/31/22 | 1,527 | ||||||||||||
810 | U.S. Treasury Note | 1.63 | 4/30/23 | 809 | ||||||||||||
1,375 | U.S. Treasury Note | 1.63 | 12/31/21 | 1,377 | ||||||||||||
1,490 | U.S. Treasury Note | 1.63 | 8/15/22 | 1,491 | ||||||||||||
1,275 | U.S. Treasury Note | 1.63 | 10/31/26 | 1,258 | ||||||||||||
1,200 | U.S. Treasury Note | 1.63 | 8/31/22 | 1,200 | ||||||||||||
1,252 | U.S. Treasury Note | 1.63 | 11/15/22 | 1,252 | ||||||||||||
1,095 | U.S. Treasury Note | 1.63 | 11/30/26 | 1,080 | ||||||||||||
1,005 | U.S. Treasury Note | 1.63 | 9/30/26 | 992 | ||||||||||||
1,305 | U.S. Treasury Note | 1.63 | 12/15/22 | 1,306 | ||||||||||||
1,200 | U.S. Treasury Note | 1.63 | 10/31/23 | 1,198 | ||||||||||||
2,245 | U.S. Treasury Note | 1.63 | 5/15/26 | 2,220 | ||||||||||||
500 | U.S. Treasury Note | 1.63 | 6/30/21 | 500 | ||||||||||||
1,250 | U.S. Treasury Note | 1.63 | 5/31/23 | 1,249 | ||||||||||||
2,075 | U.S. Treasury Note | 1.63 | 2/15/26 | 2,054 | ||||||||||||
3,145 | U.S. Treasury Note | 1.63 | 8/15/29 | 3,064 | ||||||||||||
1,350 | U.S. Treasury Note | 1.75 | 6/30/22 | 1,355 | ||||||||||||
1,395 | U.S. Treasury Note | 1.75 | 11/30/21 | 1,399 | ||||||||||||
1,800 | U.S. Treasury Note | 1.75 | 4/30/22 | 1,806 | ||||||||||||
1,685 | U.S. Treasury Note | 1.75 | 5/15/22 | 1,691 | ||||||||||||
1,100 | U.S. Treasury Note | 1.75 | 12/31/26 | 1,095 | ||||||||||||
1,425 | U.S. Treasury Note | 1.75 | 12/31/24 | 1,429 | ||||||||||||
1,603 | U.S. Treasury Note | 1.75 | 5/15/23 | 1,608 | ||||||||||||
710 | U.S. Treasury Note | 1.75 | 9/30/22 | 713 | ||||||||||||
745 | U.S. Treasury Note | 1.75 | 7/31/24 | 747 | ||||||||||||
1,100 | U.S. Treasury Note | 1.75 | 6/15/22 | 1,104 | ||||||||||||
1,260 | U.S. Treasury Note | 1.75 | 11/15/29 | 1,241 | ||||||||||||
1,800 | U.S. Treasury Note | 1.75 | 2/28/22 | 1,806 | ||||||||||||
700 | U.S. Treasury Note | 1.75 | 1/31/23 | 703 |
See accompanying notes to financial statements.
180
HC CAPITAL TRUST
The U.S. Government Fixed Income Securities Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Principal Amount (000) | Security Description | Rate % | Maturity Date | Value (000) | ||||||||||||
U.S. Treasury Obligations (continued) | ||||||||||||||||
$ | 1,800 | U.S. Treasury Note | 1.75 | 3/31/22 | $ | 1,806 | ||||||||||
1,240 | U.S. Treasury Note | 1.75 | 7/15/22 | 1,244 | ||||||||||||
1,305 | U.S. Treasury Note | 1.75 | 7/31/21 | 1,308 | ||||||||||||
1,260 | U.S. Treasury Note | 1.88 | 11/30/21 | 1,267 | ||||||||||||
1,970 | U.S. Treasury Note | 1.88 | 4/30/22 | 1,982 | ||||||||||||
1,045 | U.S. Treasury Note | 1.88 | 7/31/26 | 1,049 | ||||||||||||
1,250 | U.S. Treasury Note | 1.88 | 1/31/22 | 1,257 | ||||||||||||
930 | U.S. Treasury Note | 1.88 | 7/31/22 | 936 | ||||||||||||
850 | U.S. Treasury Note | 1.88 | 3/31/22 | 855 | ||||||||||||
500 | U.S. Treasury Note | 1.88 | 6/30/26 | 502 | ||||||||||||
850 | U.S. Treasury Note | 1.88 | 10/31/22 | 856 | ||||||||||||
875 | U.S. Treasury Note | 1.88 | 8/31/22 | 881 | ||||||||||||
910 | U.S. Treasury Note | 1.88 | 9/30/22 | 917 | ||||||||||||
990 | U.S. Treasury Note | 1.88 | 8/31/24 | 998 | ||||||||||||
1,565 | U.S. Treasury Note | 1.88 | 5/31/22 | 1,575 | ||||||||||||
925 | U.S. Treasury Note | 1.88 | 2/28/22 | 930 | ||||||||||||
938 | U.S. Treasury Note | 2.00 | 2/15/22 | 945 | ||||||||||||
615 | U.S. Treasury Note | 2.00 | 11/15/26 | 622 | ||||||||||||
625 | U.S. Treasury Note | 2.00 | 2/28/21 | 628 | ||||||||||||
700 | U.S. Treasury Note | 2.00 | 5/31/21 | 704 | ||||||||||||
1,000 | U.S. Treasury Note | 2.00 | 10/31/21 | 1,007 | ||||||||||||
1,600 | U.S. Treasury Note | 2.00 | 12/31/21 | 1,613 | ||||||||||||
3,050 | U.S. Treasury Note | 2.00 | 8/15/25 | �� | 3,090 | |||||||||||
975 | U.S. Treasury Note | 2.00 | 8/31/21 | 981 | ||||||||||||
2,850 | U.S. Treasury Note | 2.00 | 2/15/25 | 2,891 | ||||||||||||
2,350 | U.S. Treasury Note | 2.00 | 11/30/22 | 2,375 | ||||||||||||
1,110 | U.S. Treasury Note | 2.00 | 11/15/21 | 1,118 | ||||||||||||
1,538 | U.S. Treasury Note | 2.00 | 2/15/23 | 1,555 | ||||||||||||
840 | U.S. Treasury Note | 2.00 | 7/31/22 | 848 | ||||||||||||
2,310 | U.S. Treasury Note | 2.00 | 5/31/24 | 2,340 | ||||||||||||
900 | U.S. Treasury Note | 2.00 | 10/31/22 | 909 | ||||||||||||
715 | U.S. Treasury Note | 2.00 | 6/30/24 | 724 | ||||||||||||
1,360 | U.S. Treasury Note | 2.00 | 4/30/24 | 1,378 | ||||||||||||
590 | U.S. Treasury Note | 2.13 | 7/31/24 | 601 | ||||||||||||
750 | U.S. Treasury Note | 2.13 | 1/31/21 | 754 | ||||||||||||
650 | U.S. Treasury Note | 2.13 | 11/30/23 | 661 | ||||||||||||
1,075 | U.S. Treasury Note | 2.13 | 3/31/24 | 1,094 | ||||||||||||
300 | U.S. Treasury Note | 2.13 | 5/31/21 | 302 | ||||||||||||
300 | U.S. Treasury Note | 2.13 | 5/31/26 | 306 | ||||||||||||
1,315 | U.S. Treasury Note | 2.13 | 9/30/24 | 1,340 | ||||||||||||
1,000 | U.S. Treasury Note | 2.13 | 5/15/22 | 1,012 | ||||||||||||
1,000 | U.S. Treasury Note | 2.13 | 6/30/21 | 1,008 | ||||||||||||
2,680 | U.S. Treasury Note | 2.13 | 12/31/22 | 2,719 | ||||||||||||
1,085 | U.S. Treasury Note | 2.13 | 9/30/21 | 1,094 | ||||||||||||
895 | U.S. Treasury Note | 2.13 | 2/29/24 | 911 | ||||||||||||
1,895 | U.S. Treasury Note | 2.13 | 5/15/25 | 1,932 | ||||||||||||
1,720 | U.S. Treasury Note | 2.13 | 8/15/21 | 1,734 | ||||||||||||
1,445 | U.S. Treasury Note | 2.13 | 11/30/24 | 1,473 | ||||||||||||
800 | U.S. Treasury Note | 2.13 | 12/31/21 | 808 | ||||||||||||
1,165 | U.S. Treasury Note | 2.13 | 6/30/22 | 1,180 | ||||||||||||
1,605 | U.S. Treasury Note | 2.25 | 4/30/21 | 1,618 | ||||||||||||
687 | U.S. Treasury Note | 2.25 | 7/31/21 | 694 | ||||||||||||
1,740 | U.S. Treasury Note | 2.25 | 12/31/24 | 1,785 | ||||||||||||
1,745 | U.S. Treasury Note | 2.25 | 10/31/24 | 1,790 |
See accompanying notes to financial statements.
181
HC CAPITAL TRUST
The U.S. Government Fixed Income Securities Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Principal Amount (000) | Security Description | Rate % | Maturity Date | Value (000) | ||||||||||||
U.S. Treasury Obligations (continued) | ||||||||||||||||
$ | 950 | U.S. Treasury Note | 2.25 | 12/31/23 | $ | 971 | ||||||||||
810 | U.S. Treasury Note | 2.25 | 1/31/24 | 828 | ||||||||||||
2,400 | U.S. Treasury Note | 2.25 | 2/15/27 | 2,465 | ||||||||||||
2,175 | U.S. Treasury Note | 2.25 | 11/15/25 | 2,232 | ||||||||||||
1,845 | U.S. Treasury Note | 2.25 | 11/15/27 | 1,896 | ||||||||||||
735 | U.S. Treasury Note | 2.25 | 2/15/21 | 740 | ||||||||||||
1,555 | U.S. Treasury Note | 2.25 | 3/31/21 | 1,567 | ||||||||||||
1,900 | U.S. Treasury Note | 2.25 | 8/15/27 | 1,952 | ||||||||||||
1,290 | U.S. Treasury Note | 2.25 | 4/15/22 | 1,309 | ||||||||||||
1,100 | U.S. Treasury Note | 2.25 | 3/31/26 | 1,130 | ||||||||||||
700 | U.S. Treasury Note | 2.25 | 4/30/24 | 716 | ||||||||||||
2,455 | U.S. Treasury Note | 2.25 | 11/15/24 | 2,518 | ||||||||||||
1,810 | U.S. Treasury Note | 2.38 | 5/15/27 | 1,876 | ||||||||||||
1,250 | U.S. Treasury Note | 2.38 | 1/31/23 | 1,278 | ||||||||||||
2,550 | U.S. Treasury Note | 2.38 | 5/15/29 | 2,650 | ||||||||||||
500 | U.S. Treasury Note | 2.38 | 12/31/20 | 504 | ||||||||||||
2,675 | U.S. Treasury Note | 2.38 | 8/15/24 | 2,756 | ||||||||||||
1,375 | U.S. Treasury Note | 2.38 | 2/29/24 | 1,413 | ||||||||||||
1,715 | U.S. Treasury Note | 2.38 | 4/15/21 | 1,731 | ||||||||||||
1,305 | U.S. Treasury Note | 2.38 | 3/15/22 | 1,327 | ||||||||||||
1,140 | U.S. Treasury Note | 2.38 | 4/30/26 | 1,179 | ||||||||||||
815 | U.S. Treasury Note | 2.38 | 3/15/21 | 822 | ||||||||||||
1,370 | U.S. Treasury Note | 2.50 | 8/15/23 | 1,410 | ||||||||||||
990 | U.S. Treasury Note | 2.50 | 3/31/23 | 1,017 | ||||||||||||
1,535 | U.S. Treasury Note | 2.50 | 2/15/22 | 1,564 | ||||||||||||
850 | U.S. Treasury Note | 2.50 | 2/28/26 | 885 | ||||||||||||
1,735 | U.S. Treasury Note | 2.50 | 1/31/25 | 1,802 | ||||||||||||
2,105 | U.S. Treasury Note | 2.50 | 5/15/24 | 2,177 | ||||||||||||
1,390 | U.S. Treasury Note | 2.50 | 1/15/22 | 1,415 | ||||||||||||
1,345 | U.S. Treasury Note | 2.50 | 2/28/21 | 1,358 | ||||||||||||
1,300 | U.S. Treasury Note | 2.50 | 1/31/24 | 1,342 | ||||||||||||
1,795 | U.S. Treasury Note | 2.63 | 2/15/29 | 1,902 | ||||||||||||
960 | U.S. Treasury Note | 2.63 | 7/15/21 | 975 | ||||||||||||
1,500 | U.S. Treasury Note | 2.63 | 6/30/23 | 1,550 | ||||||||||||
885 | U.S. Treasury Note | 2.63 | 5/15/21 | 897 | ||||||||||||
935 | U.S. Treasury Note | 2.63 | 6/15/21 | 948 | ||||||||||||
700 | U.S. Treasury Note | 2.63 | 12/31/23 | 726 | ||||||||||||
1,260 | U.S. Treasury Note | 2.63 | 12/15/21 | 1,285 | ||||||||||||
985 | U.S. Treasury Note | 2.63 | 2/28/23 | 1,015 | ||||||||||||
1,205 | U.S. Treasury Note | 2.63 | 12/31/25 | 1,263 | ||||||||||||
1,760 | U.S. Treasury Note | 2.63 | 3/31/25 | 1,839 | ||||||||||||
1,055 | U.S. Treasury Note | 2.63 | 1/31/26 | 1,106 | ||||||||||||
1,385 | U.S. Treasury Note | 2.75 | 5/31/23 | 1,435 | ||||||||||||
990 | U.S. Treasury Note | 2.75 | 8/15/21 | 1,008 | ||||||||||||
910 | U.S. Treasury Note | 2.75 | 8/31/25 | 959 | ||||||||||||
1,010 | U.S. Treasury Note | 2.75 | 9/15/21 | 1,029 | ||||||||||||
1,075 | U.S. Treasury Note | 2.75 | 8/31/23 | 1,116 | ||||||||||||
1,050 | U.S. Treasury Note | 2.75 | 7/31/23 | 1,090 | ||||||||||||
1,760 | U.S. Treasury Note | 2.75 | 2/28/25 | 1,850 | ||||||||||||
2,120 | U.S. Treasury Note | 2.75 | 2/15/28 | 2,259 | ||||||||||||
1,897 | U.S. Treasury Note | 2.75 | 11/15/23 | 1,973 | ||||||||||||
2,165 | U.S. Treasury Note | 2.75 | 2/15/24 | 2,257 | ||||||||||||
980 | U.S. Treasury Note | 2.75 | 4/30/23 | 1,015 | ||||||||||||
875 | U.S. Treasury Note | 2.75 | 6/30/25 | 921 |
See accompanying notes to financial statements.
182
HC CAPITAL TRUST
The U.S. Government Fixed Income Securities Portfolio
Portfolio of Investments (concluded) — December 31, 2019 (Unaudited)
Principal Amount (000) | Security Description | Rate % | Maturity Date | Value (000) | ||||||||||||
U.S. Treasury Obligations (continued) | ||||||||||||||||
$ | 1,005 | U.S. Treasury Note | 2.88 | 5/31/25 | $ | 1,064 | ||||||||||
2,905 | U.S. Treasury Note | 2.88 | 8/15/28 | 3,132 | ||||||||||||
605 | U.S. Treasury Note | 2.88 | 10/31/23 | 632 | ||||||||||||
1,500 | U.S. Treasury Note | 2.88 | 9/30/23 | 1,566 | ||||||||||||
1,040 | U.S. Treasury Note | 2.88 | 10/15/21 | 1,063 | ||||||||||||
1,210 | U.S. Treasury Note | 2.88 | 4/30/25 | 1,280 | ||||||||||||
1,920 | U.S. Treasury Note | 2.88 | 5/15/28 | 2,066 | ||||||||||||
1,085 | U.S. Treasury Note | 2.88 | 11/30/25 | 1,152 | ||||||||||||
1,255 | U.S. Treasury Note | 2.88 | 11/15/21 | 1,284 | ||||||||||||
750 | U.S. Treasury Note | 2.88 | 11/30/23 | 784 | ||||||||||||
875 | U.S. Treasury Note | 2.88 | 7/31/25 | 927 | ||||||||||||
880 | U.S. Treasury Note | 3.00 | 10/31/25 | 940 | ||||||||||||
895 | U.S. Treasury Note | 3.00 | 9/30/25 | 955 | ||||||||||||
2,880 | U.S. Treasury Note | 3.13 | 11/15/28 | 3,167 | ||||||||||||
1,200 | U.S. Treasury Note | 3.13 | 5/15/21 | 1,224 | ||||||||||||
1,632 | U.S. Treasury Note | 3.63 | 2/15/21 | 1,667 | ||||||||||||
400 | U.S. Treasury Note | 5.50 | 8/15/28 | 515 | ||||||||||||
|
| |||||||||||||||
Total U.S. Treasury Obligations | 309,882 | |||||||||||||||
|
| |||||||||||||||
Yankee Dollar — 0.04% | ||||||||||||||||
115 | AID-Israel (Sovereign Bond) | 5.50 | 9/18/23 | 130 | ||||||||||||
|
| |||||||||||||||
Total Yankee Dollar | 130 | |||||||||||||||
|
| |||||||||||||||
Shares | ||||||||||||||||
Investment Company — 1.71% | ||||||||||||||||
5,568,023 | State Street Institutional Treasury Plus Money Market Fund, Trust Class | 1.49 | (a) | 5,568 | ||||||||||||
|
| |||||||||||||||
Total Investment Company | 5,568 | |||||||||||||||
|
| |||||||||||||||
Total Investments (cost $313,250) — 99.96% | 324,526 | |||||||||||||||
Other assets in excess of liabilities — 0.04% | 144 | |||||||||||||||
|
| |||||||||||||||
Net Assets — 100.00% | $ | 324,670 | ||||||||||||||
|
|
(a) | The rate disclosed is the rate in effect on December 31, 2019. |
The following table reflects the percentage of total net assets of the Portfolio attributable to each Specialist Manager as of December 31, 2019.
The U.S. Government Fixed Income Securities Portfolio | Mellon Investments Corporation | HC Capital Solutions | Total | |||||||||
U.S. Government Agency Securities | 2.76 | % | — | 2.76 | % | |||||||
U.S. Treasury Obligations | 95.45 | % | — | 95.45 | % | |||||||
Yankee Dollar | 0.04 | % | — | 0.04 | % | |||||||
Investment Company | — | 1.71 | % | 1.71 | % | |||||||
Other Assets (Liabilities) | 0.03 | % | 0.01 | % | 0.04 | % | ||||||
|
|
|
|
|
| |||||||
Total Net Assets | 98.28 | % | 1.72 | % | 100.00 | % | ||||||
|
|
|
|
|
|
Amounts designated as “—” indicate the Specialist Manager did not manage any holdings in that category.
See accompanying notes to financial statements.
183
HC CAPITAL TRUST
The Inflation Protected Securities Portfolio
Portfolio of Investments — December 31, 2019 (Unaudited)
Principal Amount (000) | Security Description | Rate % | Maturity Date | Value (000) | ||||||||||||
U.S. Treasury Obligations — 96.60% | ||||||||||||||||
$ | 8,305 | U.S. Treasury Inflation Index Bond | 0.13 | 10/15/24 | $ | 8,377 | ||||||||||
3,461 | U.S. Treasury Inflation Index Bond | 0.63 | 2/15/43 | 3,926 | ||||||||||||
5,954 | U.S. Treasury Inflation Index Bond | 0.75 | 2/15/45 | 6,762 | ||||||||||||
9,085 | U.S. Treasury Inflation Index Bond | 0.75 | 7/15/28 | 9,805 | ||||||||||||
4,596 | U.S. Treasury Inflation Index Bond | 0.75 | 2/15/42 | 5,446 | ||||||||||||
4,019 | U.S. Treasury Inflation Index Bond | 0.88 | 2/15/47 | 4,599 | ||||||||||||
4,377 | U.S. Treasury Inflation Index Bond | 1.00 | 2/15/48 | 5,064 | ||||||||||||
3,895 | U.S. Treasury Inflation Index Bond | 1.00 | 2/15/49 | 4,432 | ||||||||||||
4,113 | U.S. Treasury Inflation Index Bond | 1.00 | 2/15/46 | 4,920 | ||||||||||||
5,290 | U.S. Treasury Inflation Index Bond | 1.38 | 2/15/44 | 6,900 | ||||||||||||
3,607 | U.S. Treasury Inflation Index Bond | 1.75 | 1/15/28 | 4,978 | ||||||||||||
4,040 | U.S. Treasury Inflation Index Bond | 2.00 | 1/15/26 | 5,823 | ||||||||||||
2,539 | U.S. Treasury Inflation Index Bond | 2.13 | 2/15/41 | 3,934 | ||||||||||||
1,948 | U.S. Treasury Inflation Index Bond | 2.13 | 2/15/40 | 3,034 | ||||||||||||
3,370 | U.S. Treasury Inflation Index Bond | 2.38 | 1/15/27 | 4,962 | ||||||||||||
5,382 | U.S. Treasury Inflation Index Bond | 2.38 | 1/15/25 | 8,192 | ||||||||||||
3,589 | U.S. Treasury Inflation Index Bond | 2.50 | 1/15/29 | 5,183 | ||||||||||||
1,198 | U.S. Treasury Inflation Index Bond | 3.38 | 4/15/32 | 2,388 | ||||||||||||
2,356 | U.S. Treasury Inflation Index Bond | 3.63 | 4/15/28 | 4,794 | ||||||||||||
2,915 | U.S. Treasury Inflation Index Bond | 3.88 | 4/15/29 | 6,089 | ||||||||||||
10,524 | U.S. Treasury Inflation Index Note | 0.13 | 7/15/22 | 11,827 | ||||||||||||
11,409 | U.S. Treasury Inflation Index Note | 0.13 | 4/15/22 | 12,056 | ||||||||||||
11,375 | U.S. Treasury Inflation Index Note | 0.13 | 4/15/21 | 12,325 | ||||||||||||
10,579 | U.S. Treasury Inflation Index Note | 0.13 | 1/15/23 | 11,795 | ||||||||||||
10,055 | U.S. Treasury Inflation Index Note | 0.13 | 1/15/22 | 11,425 | ||||||||||||
9,087 | U.S. Treasury Inflation Index Note | 0.13 | 7/15/26 | 9,791 | ||||||||||||
10,630 | U.S. Treasury Inflation Index Note | 0.13 | 7/15/24 | 11,592 | ||||||||||||
10,635 | U.S. Treasury Inflation Index Note | 0.25 | 1/15/25 | 11,659 | ||||||||||||
9,865 | U.S. Treasury Inflation Index Note | 0.25 | 7/15/29 | 10,029 | ||||||||||||
9,088 | U.S. Treasury Inflation Index Note | 0.38 | 1/15/27 | 9,832 | ||||||||||||
10,641 | U.S. Treasury Inflation Index Note | 0.38 | 7/15/25 | 11,785 | ||||||||||||
10,640 | U.S. Treasury Inflation Index Note | 0.38 | 7/15/23 | 11,931 | ||||||||||||
9,095 | U.S. Treasury Inflation Index Note | 0.38 | 7/15/27 | 9,764 | ||||||||||||
8,305 | U.S. Treasury Inflation Index Note | 0.50 | 4/15/24 | 8,612 | ||||||||||||
9,091 | U.S. Treasury Inflation Index Note | 0.50 | 1/15/28 | 9,732 | ||||||||||||
10,626 | U.S. Treasury Inflation Index Note | 0.63 | 1/15/24 | 11,970 | ||||||||||||
9,079 | U.S. Treasury Inflation Index Note | 0.63 | 7/15/21 | 10,483 | ||||||||||||
11,379 | U.S. Treasury Inflation Index Note | 0.63 | 4/15/23 | 11,973 | ||||||||||||
9,544 | U.S. Treasury Inflation Index Note | 0.63 | 1/15/26 | 10,655 | ||||||||||||
9,085 | U.S. Treasury Inflation Index Note | 0.88 | 1/15/29 | 9,838 | ||||||||||||
8,254 | U.S. Treasury Inflation Index Note | 1.13 | 1/15/21 | 9,801 | ||||||||||||
|
| |||||||||||||||
Total U.S. Treasury Obligations | 338,483 | |||||||||||||||
|
| |||||||||||||||
Shares | ||||||||||||||||
Investment Company — 3.64% | ||||||||||||||||
12,770,607 | State Street Institutional Treasury Plus Money Market Fund, Trust Class | 1.49 | (a) | 12,771 | ||||||||||||
|
| |||||||||||||||
Total Investment Company | 12,771 | |||||||||||||||
|
| |||||||||||||||
Total Investments (cost $339,290) — 100.24% | 351,254 | |||||||||||||||
Liabilities in excess of other assets — (0.24)% | (834 | ) | ||||||||||||||
|
| |||||||||||||||
Net Assets — 100.00% | $ | 350,420 | ||||||||||||||
|
|
(a) | The rate disclosed is the rate in effect on December 31, 2019. |
See accompanying notes to financial statements.
184
HC CAPITAL TRUST
The Inflation Protected Securities Portfolio
Portfolio of Investments (concluded) — December 31, 2019 (Unaudited)
The following table reflects the percentage of total net assets of the Portfolio attributable to each Specialist Manager as of December 31, 2019.
The Inflation Protected Securities Portfolio | Mellon Investments Corporation | HC Capital Solutions | Total | |||||||||
U.S. Treasury Obligations | 96.60 | % | — | 96.60 | % | |||||||
Investment Company | 0.00 | % | 3.64 | % | 3.64 | % | ||||||
Other Assets (Liabilities) | 0.62 | % | -0.86 | % | -0.24 | % | ||||||
|
|
|
|
|
| |||||||
Total Net Assets | 97.22 | % | 2.78 | % | 100.00 | % | ||||||
|
|
|
|
|
|
Amounts designated as “—” indicate the Specialist Manager did not manage any holdings in that category.
Amounts designated as “0.00%” round to less than 0.005%.
See accompanying notes to financial statements.
185
HC CAPITAL TRUST
The U.S. Corporate Fixed Income Securities Portfolio
Portfolio of Investments — December 31, 2019 (Unaudited)
Principal Amount (000) | Security Description | Rate % | Maturity Date | Value (000) | ||||||||||||
Corporate Bonds — 76.19% | ||||||||||||||||
$ | 95 | AbbVie, Inc. (Biotechnology), Callable 8/14/28 @ 100.00 | 4.25 | 11/14/28 | $ | 105 | ||||||||||
989 | AbbVie, Inc. (Biotechnology) | 4.40 | 11/6/42 | 1,066 | ||||||||||||
2,205 | AbbVie, Inc. (Biotechnology), Callable 11/14/34 @ 100.00 | 4.50 | 5/14/35 | 2,479 | ||||||||||||
530 | Alabama Power Co., Series B (Electric Utilities), Callable 6/1/47 @ 100.00 | 3.70 | 12/1/47 | 555 | ||||||||||||
155 | Alabama Power Co. (Electric Utilities), Callable 2/15/44 @ 100.00 | 4.15 | 8/15/44 | 172 | ||||||||||||
180 | American Express Co. (Consumer Finance), Callable 1/27/23 @ 100.00 | 3.40 | 2/27/23 | 186 | ||||||||||||
3,990 | Ameriprise Financial, Inc. (Capital Markets) | 3.70 | 10/15/24 | 4,261 | ||||||||||||
540 | Ameriprise Financial, Inc. (Capital Markets) | 4.00 | 10/15/23 | 576 | ||||||||||||
2,295 | Amgen, Inc. (Biotechnology), Callable 5/19/26 @ 100.00 | 2.60 | 8/19/26 | 2,319 | ||||||||||||
275 | Amgen, Inc. (Biotechnology), Callable 5/15/41 @ 100.00 | 5.15 | 11/15/41 | 333 | ||||||||||||
3,163 | Analog Devices, Inc. (Semiconductors & Semiconductor Equipment), Callable 9/5/26 @ 100.00 | 3.50 | 12/5/26 | 3,316 | ||||||||||||
1,610 | Analog Devices, Inc. (Semiconductors & Semiconductor Equipment), Callable 9/15/25 @ 100.00 | 3.90 | 12/15/25 | 1,723 | ||||||||||||
1,066 | Anheuser-Busch Companies LLC/Anheuser-Busch InBev Worldwide, Inc. (Beverages), Callable 8/1/35 @ 100.00 | 4.70 | 2/1/36 | 1,229 | ||||||||||||
1,910 | Anheuser-Busch Companies LLC/Anheuser-Busch InBev Worldwide, Inc. (Beverages), Callable 8/1/45 @ 100.00 | 4.90 | 2/1/46 | 2,262 | ||||||||||||
1,850 | Anheuser-Busch InBev Finance, Inc. (Beverages), Callable 8/1/35 @ 100.00 | 4.70 | 2/1/36 | 2,134 | ||||||||||||
1,980 | Anthem, Inc. (Health Care Providers & Services), Callable 9/1/27 @ 100.00 | 3.65 | 12/1/27 | 2,088 | ||||||||||||
1,677 | Anthem, Inc. (Health Care Providers & Services) | 4.35 | 8/15/20 | 1,701 | ||||||||||||
790 | Anthem, Inc. (Health Care Providers & Services) | 4.63 | 5/15/42 | 886 | ||||||||||||
3,020 | Apple, Inc. (Technology Hardware, Storage & Peripherals), Callable 8/23/45 @ 100.00 | 4.65 | 2/23/46 | 3,772 | ||||||||||||
750 | Archer-Daniels-Midland Co., Class – C (Food Products) | 4.02 | 4/16/43 | 831 | ||||||||||||
6,145 | AT&T, Inc. (Diversified Telecommunication Services), Callable 1/1/24 @ 100.00 | 4.45 | 4/1/24 | 6,653 | ||||||||||||
1,730 | AT&T, Inc. (Diversified Telecommunication Services) | 5.35 | 9/1/40 | 2,069 | ||||||||||||
585 | AT&T, Inc. (Diversified Telecommunication Services) | 5.55 | 8/15/41 | 716 | ||||||||||||
705 | Atmos Energy Corp. (Gas Utilities), Callable 4/15/44 @ 100.00 | 4.13 | 10/15/44 | 791 | ||||||||||||
405 | Atmos Energy Corp. (Gas Utilities), Callable 7/15/42 @ 100.00 | 4.15 | 1/15/43 | 453 | ||||||||||||
3,300 | Bank of America Corp. (Banks), Callable 10/1/24 @ 100.00 | | 3.09 (US0003M + 109.00 bps) | (a) | 10/1/25 | 3,399 | ||||||||||
760 | Bank of America Corp., MTN (Banks), Callable 10/21/26 @ 100.00 | 3.25 | 10/21/27 | 789 | ||||||||||||
5,343 | Bank of America Corp., MTN (Banks) | 3.88 | 8/1/25 | 5,727 | ||||||||||||
1,358 | Bank One Corp. (Banks) | 8.00 | 4/29/27 | 1,794 | ||||||||||||
1,504 | Berkshire Hathaway Energy Co. (Multi-Utilities) | 6.13 | 4/1/36 | 2,063 | ||||||||||||
1,875 | Berkshire Hathaway, Inc. (Multi-Utilities), Callable 8/1/44 @ 100.00 | 4.50 | 2/1/45 | 2,207 | ||||||||||||
705 | Bristol-Myers Squibb Co. (Pharmaceuticals), Callable 4/26/49 @ 100.00 | 4.25 | 10/26/49 | 833 | ||||||||||||
823 | Bristol-Myers Squibb Co. (Pharmaceuticals) | 6.80 | 11/15/26 | 1,043 | ||||||||||||
300 | Bunge Limited Finance Corp. (Food Products), Callable 8/25/22 @ 100.00 | 3.00 | 9/25/22 | 304 | ||||||||||||
1,510 | Bunge Limited Finance Corp. (Food Products), Callable 5/15/26 @ 100.00 | 3.25 | 8/15/26 | 1,504 | ||||||||||||
1,350 | Capital One Financial Corp. (Consumer Finance), Callable 9/30/24 @ 100.00 | 3.30 | 10/30/24 | 1,393 | ||||||||||||
4,800 | Capital One Financial Corp. (Consumer Finance) | 3.50 | 6/15/23 | 4,982 | ||||||||||||
600 | Cisco Systems, Inc. (Communications Equipment) | 5.50 | 1/15/40 | 817 | ||||||||||||
1,000 | Citibank NA (Banks), Callable 9/20/20 @ 100.00 | 2.13 | 10/20/20 | 1,001 | ||||||||||||
1,500 | Citibank NA, Series BKNT (Banks), Callable 12/23/23 @ 100.00 | 3.65 | 1/23/24 | 1,584 | ||||||||||||
7,220 | Citigroup, Inc. (Banks), Callable 7/21/26 @ 100.00 | 3.20 | 10/21/26 | 7,468 | ||||||||||||
835 | Comcast Corp. (Media), Callable 9/1/37 @ 100.00 | 3.90 | 3/1/38 | 921 | ||||||||||||
50 | Comcast Corp. (Media) | 4.65 | 7/15/42 | 59 | ||||||||||||
2,185 | Comcast Corp. (Media) | 4.75 | 3/1/44 | 2,652 | ||||||||||||
2,220 | ConocoPhillips (Oil, Gas & Consumable Fuels) | 6.50 | 2/1/39 | 3,217 | ||||||||||||
175 | Consolidated Edison Company of New York, Inc.,Series 2008-B(Multi-Utilities) | 6.75 | 4/1/38 | 250 | ||||||||||||
1,650 | Constellation Brands, Inc. (Beverages) | 4.75 | 11/15/24 | 1,822 | ||||||||||||
765 | Constellation Brands, Inc. (Beverages) | 4.75 | 12/1/25 | 851 |
See accompanying notes to financial statements.
186
HC CAPITAL TRUST
The U.S. Corporate Fixed Income Securities Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Principal Amount (000) | Security Description | Rate % | Maturity Date | Value (000) | ||||||||||||
Corporate Bonds (continued) | ||||||||||||||||
$ | 2,315 | CSX Corp. (Road & Rail) | 6.22 | 4/30/40 | $ | 3,140 | ||||||||||
2,160 | CVS Health Corp. (Health Care Providers & Services), Callable 2/9/23 @ 100.00 | 3.70 | 3/9/23 | 2,248 | ||||||||||||
6,630 | CVS Health Corp. (Health Care Providers & Services), Callable 12/25/27 @ 100.00 | 4.30 | 3/25/28 | 7,225 | ||||||||||||
1,765 | Devon Energy Corp. (Oil, Gas & Consumable Fuels), Callable 1/15/41 @ 100.00 | 5.60 | 7/15/41 | 2,143 | ||||||||||||
315 | Devon Energy Corp. (Oil, Gas & Consumable Fuels), Callable 9/15/25 @ 100.00 | 5.85 | 12/15/25 | 373 | ||||||||||||
2,445 | Digital Realty Trust LP (Equity Real Estate Investment Trusts), Callable 1/1/23 @ 100.00 | 2.75 | 2/1/23 | 2,469 | ||||||||||||
930 | Dominion Energy Gas Holding LLC (Multi-Utilities), Callable 8/15/29 @ 100.00 | 3.00 | 11/15/29 | 923 | ||||||||||||
1,830 | Dominion Gas Holdings LLC (Multi-Utilities), Callable 9/15/24 @ 100.00 | 3.60 | 12/15/24 | 1,920 | ||||||||||||
200 | Duke Energy Carolinas LLC (Electric Utilities), Callable 6/15/41 @ 100.00 | 4.25 | 12/15/41 | 228 | ||||||||||||
960 | Duke Energy Corp. (Electric Utilities), Callable 5/15/27 @ 100.00 | 3.15 | 8/15/27 | 985 | ||||||||||||
660 | Duke Energy Progress LLC (Electric Utilities), Callable 2/15/45 @ 100.00 | 4.20 | 8/15/45 | 746 | ||||||||||||
1,625 | Energy Transfer Partners LP (Oil, Gas & Consumable Fuels), Callable 3/15/28 @ 100.00 | 4.95 | 6/15/28 | 1,777 | ||||||||||||
920 | Enterprise Products Operating LLC (Oil, Gas & Consumable Fuels), Callable 11/15/25 @ 100.00 | 3.70 | 2/15/26 | 980 | ||||||||||||
2,782 | Enterprise Products Operating LLC (Oil, Gas & Consumable Fuels), Callable 9/15/43 @ 100.00 | 4.85 | 3/15/44 | 3,219 | ||||||||||||
1,545 | FedEx Corp. (Air Freight & Logistics), Callable 1/1/26 @ 100.00 | 3.25 | 4/1/26 | 1,601 | ||||||||||||
495 | FedEx Corp. (Air Freight & Logistics) | 4.90 | 1/15/34 | 560 | ||||||||||||
705 | Fiserv, Inc. (IT Services), Callable 4/1/29 @ 100.00 | 3.50 | 7/1/29 | 741 | ||||||||||||
1,195 | Fiserv, Inc. (IT Services), Callable 3/1/25 @ 100.00 | 3.85 | 6/1/25 | 1,272 | ||||||||||||
225 | Fiserv, Inc. (IT Services), Callable 1/1/49 @ 100.00 | 4.40 | 7/1/49 | 255 | ||||||||||||
3,295 | General Motors Financial Co. (Consumer Finance), Callable 2/1/21 @ 100.00 | 4.20 | 3/1/21 | 3,364 | ||||||||||||
682 | Georgia Power Co. (Electric Utilities) | 2.00 | 9/8/20 | 682 | ||||||||||||
1,225 | Gilead Sciences, Inc. (Biotechnology), Callable 8/1/44 @ 100.00 | 4.50 | 2/1/45 | 1,414 | ||||||||||||
393 | GlaxoSmithKline Capital, Inc. (Diversified Financial Services) | 6.38 | 5/15/38 | 562 | ||||||||||||
3,640 | Goldman Sachs Group, Inc. (Capital Markets), Callable 10/23/24 @ 100.00 | 3.50 | 1/23/25 | 3,821 | ||||||||||||
1,000 | Goldman Sachs Group, Inc. (Capital Markets) | 5.25 | 7/27/21 | 1,048 | ||||||||||||
1,650 | Healthcare Trust of America Holdings LP (Equity Real Estate Investment Trusts), | 3.50 | 8/1/26 | 1,721 | ||||||||||||
1,000 | HSBC USA, Inc. (Banks) | 2.75 | 8/7/20 | 1,004 | ||||||||||||
1,135 | International Paper Co. (Containers & Packaging), Callable 5/15/41 @ 100.00 | 6.00 | 11/15/41 | 1,410 | ||||||||||||
1,340 | Interpublic Group of Companies, Inc. (Media) | 3.50 | 10/1/20 | 1,353 | ||||||||||||
2,130 | Interpublic Group of Companies, Inc. (Media) | 4.20 | 4/15/24 | 2,288 | ||||||||||||
1,245 | JPMorgan Chase & Co. (Banks), Callable 10/23/24 @ 100.00 | 3.13 | 1/23/25 | 1,299 | ||||||||||||
2,920 | JPMorgan Chase & Co. (Banks), Callable 5/1/27 @ 100.00 | 3.54 | 5/1/28 | 3,093 | ||||||||||||
2,353 | JPMorgan Chase & Co. (Banks), Callable 4/15/25 @ 100.00 | 3.90 | 7/15/25 | 2,538 | ||||||||||||
1,940 | Lincoln National Corp. (Insurance) | 7.00 | 6/15/40 | 2,752 | ||||||||||||
1,305 | Lockheed Martin Corp. (Aerospace & Defense), Callable 11/15/35 @ 100.00 | 4.50 | 5/15/36 | 1,545 | ||||||||||||
295 | LYB International Finance BV (Chemicals), Callable 9/15/43 @ 100.00 | 4.88 | 3/15/44 | 332 | ||||||||||||
490 | Martin Marietta Materials, Inc. (Construction Materials), Callable 3/1/27 @ 100.00 | 3.45 | 6/1/27 | 506 | ||||||||||||
1,380 | Martin Marietta Materials, Inc. (Construction Materials), Callable 4/2/24 @ 100.00 | 4.25 | 7/2/24 | 1,476 | ||||||||||||
859 | Medtronic, Inc. (Health Care Equipment & Supplies) | 4.38 | 3/15/35 | 1,014 | ||||||||||||
2,170 | Microsoft Corp. (Software), Callable 8/6/56 @ 100.00 | 4.50 | 2/6/57 | 2,809 | ||||||||||||
3,985 | Morgan Stanley (Capital Markets) | 3.13 | 1/23/23 | 4,093 | ||||||||||||
1,395 | Morgan Stanley, MTN (Capital Markets), Callable 1/23/29 @ 100.00 | 4.43 | 1/23/30 | 1,575 | ||||||||||||
1,135 | National Rural Utilities Cooperative Finance Corp. (Diversified Financial Services), | 2.95 | 2/7/24 | 1,171 | ||||||||||||
1,581 | Nucor Corp. (Metals & Mining), Callable 2/1/43 @ 100.00 | 5.20 | 8/1/43 | 1,963 | ||||||||||||
2,132 | NVIDIA Corp. (Semiconductors & Semiconductor Equipment), Callable 6/16/26 @ 100.00 | 3.20 | 9/16/26 | 2,229 | ||||||||||||
380 | Oracle Corp. (Software), Callable 11/15/44 @ 100.00 | 4.13 | 5/15/45 | 427 | ||||||||||||
1,535 | Oracle Corp. (Software) | 5.38 | 7/15/40 | 1,989 | ||||||||||||
1,050 | Pfizer, Inc. (Pharmaceuticals), Callable 3/15/38 @ 100.00 | 4.10 | 9/15/38 | 1,199 | ||||||||||||
250 | Philip Morris International, Inc. (Tobacco) | 3.25 | 11/10/24 | 262 | ||||||||||||
1,135 | Philip Morris International, Inc. (Tobacco) | 4.50 | 3/20/42 | 1,273 | ||||||||||||
950 | Principal Financial Group, Inc. (Insurance), Callable 2/15/25 @ 100.00 | 3.40 | 5/15/25 | 994 |
See accompanying notes to financial statements.
187
HC CAPITAL TRUST
The U.S. Corporate Fixed Income Securities Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Principal Amount (000) | Security Description | Rate % | Maturity Date | Value (000) | ||||||||||||
Corporate Bonds (continued) | ||||||||||||||||
$ | 2,139 | Progress Energy, Inc. (Electric Utilities) | 6.00 | 12/1/39 | $ | 2,776 | ||||||||||
1,150 | Prudential Financial, Inc. (Insurance) | 4.60 | 5/15/44 | 1,356 | ||||||||||||
152 | Prudential Financial, Inc. (Insurance) | 6.63 | 6/21/40 | 214 | ||||||||||||
265 | Public Service Electric & Gas Co. (Electric Utilities), Callable 3/1/42 @ 100.00 | 3.65 | 9/1/42 | 280 | ||||||||||||
1,185 | RELX Capital, Inc. (Professional Services) | 3.13 | 10/15/22 | 1,225 | ||||||||||||
2,005 | RELX Capital, Inc. (Professional Services), Callable 2/16/23 @ 100.00 | 3.50 | 3/16/23 | 2,081 | ||||||||||||
785 | Rockwell Collins, Inc. (Aerospace & Defense), Callable 1/15/24 @ 100.00 | 3.20 | 3/15/24 | 817 | ||||||||||||
1,244 | Rockwell Collins, Inc. (Aerospace & Defense), Callable 12/15/26 @ 100.00 | 3.50 | 3/15/27 | 1,323 | ||||||||||||
1,950 | Roper Technologies, Inc. (Industrial Conglomerates), Callable 9/15/25 @ 100.00 | 3.85 | 12/15/25 | 2,095 | ||||||||||||
520 | Roper Technologies, Inc. (Industrial Conglomerates), Callable 6/15/28 @ 100.00 | 4.20 | 9/15/28 | 569 | ||||||||||||
1,405 | Ryder System, Inc. (Road & Rail), Callable 2/1/22 @ 100.00 | 2.80 | 3/1/22 | 1,427 | ||||||||||||
385 | Southern Company Gas Capital Corp. (Electric Utilities), Callable 8/1/23 @ 100.00 | 2.45 | 10/1/23 | 386 | ||||||||||||
330 | Southern Company Gas Capital Corp. (Electric Utilities), Callable 3/15/26 @ 100.00 | 3.25 | 6/15/26 | 339 | ||||||||||||
920 | Southern Company Gas Capital Corp. (Electric Utilities), Callable 11/30/46 @ 100.00 | 4.40 | 5/30/47 | 1,005 | ||||||||||||
695 | Southwest Airlines Co. (Airlines), Callable 8/15/26 @ 100.00 | 3.00 | 11/15/26 | 710 | ||||||||||||
848 | Southwest Airlines Co., Series 2017-1 (Airlines) | 6.15 | 2/1/24 | 892 | ||||||||||||
3,371 | Sunoco Logistics Partners LP (Oil, Gas & Consumable Fuels), Callable 10/15/22 @ 100.00 | 3.45 | 1/15/23 | 3,438 | ||||||||||||
1,625 | Sunoco Logistics Partners LP (Oil, Gas & Consumable Fuels), Callable 7/15/42 @ 100.00 | 4.95 | 1/15/43 | 1,612 | ||||||||||||
1,850 | TCI Communications, Inc. (Media) | 7.88 | 2/15/26 | 2,401 | ||||||||||||
1,290 | The Home Depot, Inc. (Specialty Retail), Callable 6/6/48 @ 100.00 | 4.50 | 12/6/48 | 1,589 | ||||||||||||
1,485 | The Home Depot, Inc. (Specialty Retail), Callable 3/15/40 @ 100.00 | 5.40 | 9/15/40 | 1,944 | ||||||||||||
815 | The Sherwin-Williams Co. (Chemicals), Callable 4/1/24 @ 100.00 | 3.13 | 6/1/24 | 841 | ||||||||||||
1,852 | The Sherwin-Williams Co. (Chemicals), Callable 3/1/27 @ 100.00 | 3.45 | 6/1/27 | 1,952 | ||||||||||||
375 | The Sherwin-Williams Co. (Chemicals), Callable 5/1/25 @ 100.00 | 3.45 | 8/1/25 | 394 | ||||||||||||
1,671 | The Travelers Companies, Inc. (Insurance) | 6.25 | 6/15/37 | 2,310 | ||||||||||||
1,485 | The Walt Disney Co. (Entertainment), Callable 3/15/44 @ 100.00 | 4.75 | 9/15/44 | 1,871 | ||||||||||||
2,495 | Thermo Fisher Scientific, Inc. (Life Sciences Tools & Services), Callable 11/1/23 @ 100.00 | 4.15 | 2/1/24 | 2,673 | ||||||||||||
1,500 | Union Pacific Corp. (Road & Rail), Callable 6/10/28 @ 100.00 | 3.95 | 9/10/28 | 1,653 | ||||||||||||
200 | United Parcel Service, Inc. (Air Freight & Logistics), Callable 3/1/49 @ 100.00 | 3.40 | 9/1/49 | 203 | ||||||||||||
140 | United Parcel Service, Inc. (Air Freight & Logistics), Callable 9/15/48 @ 100.00 | 4.25 | 3/15/49 | 162 | ||||||||||||
674 | United Technologies Corp. (Aerospace & Defense) | 4.50 | 6/1/42 | 807 | ||||||||||||
810 | UnitedHealth Group, Inc. (Health Care Providers & Services), Callable 5/15/41 @ 100.00 | 4.63 | 11/15/41 | 961 | ||||||||||||
835 | UnitedHealth Group, Inc. (Health Care Providers & Services) | 4.75 | 7/15/45 | 1,020 | ||||||||||||
865 | Valero Energy Corp. (Oil, Gas & Consumable Fuels) | 6.63 | 6/15/37 | 1,145 | ||||||||||||
1,300 | Ventas Realty LP (Equity Real Estate Investment Trusts), Callable 11/1/24 @ 100.00 | 3.50 | 2/1/25 | 1,356 | ||||||||||||
6,425 | Verizon Communications, Inc. (Diversified Telecommunication Services) | 4.33 | 9/21/28 | 7,284 | ||||||||||||
2,022 | Verizon Communications, Inc. (Diversified Telecommunication Services) | 5.01 | 8/21/54 | 2,604 | ||||||||||||
820 | Virginia Electric & Power Co. (Electric Utilities), Callable 2/15/43 @ 100.00 | 4.65 | 8/15/43 | 984 | ||||||||||||
501 | Walmart, Inc. (Food & Staples Retailing) | 5.00 | 10/25/40 | 652 | ||||||||||||
730 | Walmart, Inc. (Food & Staples Retailing) | 5.63 | 4/1/40 | 1,013 | ||||||||||||
780 | Waste Management, Inc. (Commercial Services & Supplies), Callable 1/15/39 @ 100.00 | 4.00 | 7/15/39 | 871 | ||||||||||||
1,000 | Wells Fargo & Co., MTN (Banks) | 2.55 | 12/7/20 | 1,004 | ||||||||||||
5,435 | Wells Fargo & Co. (Banks) | 3.00 | 4/22/26 | 5,590 | ||||||||||||
1,150 | Wells Fargo & Co., MTN (Banks), Callable 10/24/28 @ 100.00 | 4.15 | 1/24/29 | 1,278 | ||||||||||||
340 | Westvaco Corp. (Containers & Packaging) | 8.20 | 1/15/30 | 465 | ||||||||||||
2,000 | WRKCo., Inc. (Containers & Packaging), Callable 1/15/26 @ 100.00 | 4.65 | 3/15/26 | 2,210 | ||||||||||||
1,846 | XTO Energy, Inc. (Oil, Gas & Consumable Fuels) | 6.75 | 8/1/37 | 2,710 | ||||||||||||
|
| |||||||||||||||
Total Corporate Bonds | 247,859 | |||||||||||||||
|
| |||||||||||||||
Yankee Dollars — 16.06% | ||||||||||||||||
176 | America Movil SAB de CV (Wireless Telecommunication Services) | 5.00 | 3/30/20 | 177 | ||||||||||||
850 | America Movil SAB de CV (Wireless Telecommunication Services) | 6.13 | 11/15/37 | 1,109 |
See accompanying notes to financial statements.
188
HC CAPITAL TRUST
The U.S. Corporate Fixed Income Securities Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Principal Amount (000) | Security Description | Rate % | Maturity Date | Value (000) | ||||||||||||
Yankee Dollars (continued) | ||||||||||||||||
$ | 1,082 | Aptiv PLC (Auto Components), Callable 10/15/25 @ 100.00 | 4.25 | 1/15/26 | $ | 1,165 | ||||||||||
1,800 | Barclays PLC (Banks), Callable 1/10/22 @ 100.00 | 3.68 | 1/10/23 | 1,843 | ||||||||||||
480 | BHP Billiton Finance USA Ltd. (Metals & Mining) | 5.00 | 9/30/43 | 612 | ||||||||||||
2,094 | BP Capital Markets PLC (Diversified Financial Services) | 3.54 | 11/4/24 | 2,228 | ||||||||||||
1,246 | British Telecommunications PLC (Diversified Telecommunication Services) | 9.63 | 12/15/30 | 1,918 | ||||||||||||
1,191 | Canadian Natural Resources Ltd. (Oil, Gas & Consumable Fuels), Callable 12/15/22 @ 100.00 | 2.95 | 1/15/23 | 1,213 | ||||||||||||
2,004 | Canadian Natural Resources Ltd. (Oil, Gas & Consumable Fuels), Callable 3/1/27 @ 100.00 | 3.85 | 6/1/27 | 2,133 | ||||||||||||
350 | Canadian Pacific Railway Co. (Road & Rail), Callable 11/1/24 @ 100.00 | 2.90 | 2/1/25 | 358 | ||||||||||||
2,240 | Canadian Pacific Railway Co. (Road & Rail), Callable 12/15/22 @ 100.00 | 4.45 | 3/15/23 | 2,376 | ||||||||||||
2,728 | Coca-Cola European Partners PLC (Beverages) | 3.50 | 9/15/20 | 2,752 | ||||||||||||
1,000 | Coca-Cola European Partners PLC (Beverages), Callable 6/1/21 @ 100.00 | 4.50 | 9/1/21 | 1,029 | ||||||||||||
1,106 | Deutsche Telekom International Finance BV (Diversified Telecommunication Services) | 8.75 | (b) | 6/15/30 | 1,623 | |||||||||||
1,010 | Diageo Capital PLC (Diversified Financial Services) | 5.88 | 9/30/36 | 1,374 | ||||||||||||
1,285 | HSBC Holdings PLC (Banks) | 4.00 | 3/30/22 | 1,337 | ||||||||||||
500 | HSBC Holdings PLC (Banks) | 4.88 | 1/14/22 | 527 | ||||||||||||
2,985 | HSBC Holdings PLC (Banks) | 5.10 | 4/5/21 | 3,092 | ||||||||||||
500 | HSBC Holdings PLC (Banks) | 6.80 | 6/1/38 | 711 | ||||||||||||
1,430 | Iberdrola International BV (Electric Utilities) | 5.81 | 3/15/25 | 1,643 | ||||||||||||
1,795 | Iberdrola International BV (Electric Utilities) | 6.75 | 7/15/36 | 2,482 | ||||||||||||
525 | LYB International Finance II BV (Chemicals), Callable 12/2/26 @ 100.00 | 3.50 | 3/2/27 | 549 | ||||||||||||
321 | LyondellBasell Industries N.V. (Chemicals), Callable 8/26/54 @ 100.00 | 4.63 | 2/26/55 | 339 | ||||||||||||
2,000 | LyondellBasell Industries N.V. (Chemicals), Callable 1/15/24 @ 100.00 | 5.75 | 4/15/24 | 2,252 | ||||||||||||
1,143 | Orange SA (Diversified Telecommunication Services) | 9.00 | 3/1/31 | 1,768 | ||||||||||||
893 | Shell International Finance BV (Oil, Gas & Consumable Fuels) | 4.13 | 5/11/35 | 1,042 | ||||||||||||
1,925 | Shell International Finance BV (Oil, Gas & Consumable Fuels) | 6.38 | 12/15/38 | 2,809 | ||||||||||||
1,145 | Statoil ASA (Oil, Gas & Consumable Fuels) | 5.10 | 8/17/40 | 1,459 | ||||||||||||
831 | Statoil ASA (Oil, Gas & Consumable Fuels) | 7.75 | 6/15/23 | 983 | ||||||||||||
513 | Telefonica Emisiones SAU (Diversified Telecommunication Services) | 5.13 | 4/27/20 | 518 | ||||||||||||
280 | Telefonica Emisiones SAU (Diversified Telecommunication Services) | 5.46 | 2/16/21 | 291 | ||||||||||||
745 | Telefonica Emisiones SAU (Diversified Telecommunication Services) | 7.05 | 6/20/36 | 1,047 | ||||||||||||
3,445 | TransCanada PipeLines Ltd. (Oil, Gas & Consumable Fuels), Callable 2/15/28 @ 100.00 | 4.25 | 5/15/28 | 3,811 | ||||||||||||
1,040 | TransCanada PipeLines Ltd. (Oil, Gas & Consumable Fuels) | 6.10 | 6/1/40 | 1,350 | ||||||||||||
451 | TransCanada PipeLines Ltd. (Oil, Gas & Consumable Fuels) | 6.20 | 10/15/37 | 585 | ||||||||||||
440 | Vodafone Group PLC (Wireless Telecommunication Services) | 5.00 | 5/30/38 | 513 | ||||||||||||
946 | Vodafone Group PLC (Wireless Telecommunication Services) | 6.15 | 2/27/37 | 1,216 | ||||||||||||
|
| |||||||||||||||
Total Yankee Dollars | 52,234 | |||||||||||||||
|
| |||||||||||||||
Shares | ||||||||||||||||
Investment Companies — 8.42% | ||||||||||||||||
2,991,680 | State Street Institutional Treasury Money Market Fund, Premier Class | 1.50 | (c) | 2,992 | ||||||||||||
24,382,150 | State Street Institutional Treasury Plus Money Market Fund, Trust Class | 1.49 | (c) | 24,382 | ||||||||||||
|
| |||||||||||||||
Total Investment Companies | 27,374 | |||||||||||||||
|
| |||||||||||||||
Total Investments (cost $310,358) — 100.67% | 327,467 | |||||||||||||||
Liabilities in excess of other assets — (0.67)% | (2,184 | ) | ||||||||||||||
|
| |||||||||||||||
Net Assets — 100.00% | $ | 325,283 | ||||||||||||||
|
|
(a) | Variable Rate Security. The rate disclosed is the rate in effect on December 31, 2019. |
(b) | Step Bond: Coupon rate is set for an initial period and then increased to a higher coupon rate at a specified date. The rate disclosed is the rate in effect on December 31, 2019. |
See accompanying notes to financial statements.
189
HC CAPITAL TRUST
The U.S. Corporate Fixed Income Securities Portfolio
Portfolio of Investments (concluded) — December 31, 2019 (Unaudited)
(c) | The rate disclosed is the rate in effect on December 31, 2019. |
bps — Basis Points
MTN — Medium Term Note
US0003M — 3 Month US Dollar LIBOR
The following table reflects the percentage of total net assets of the Portfolio attributable to each Specialist Manager as of December 31, 2019.
The U.S. Corporate Fixed Income Securities Portfolio | Agincourt Capital Management, LLC | HC Capital Solutions | Total | |||||||||
Corporate Bonds | 76.19 | % | — | 76.19 | % | |||||||
Yankee Dollars | 16.06 | % | — | 16.06 | % | |||||||
Investment Companies | 0.92 | % | 7.50 | % | 8.42 | % | ||||||
Other Assets (Liabilities) | -0.34 | % | -0.33 | % | -0.67 | % | ||||||
|
|
|
|
|
| |||||||
Total Net Assets | 92.83 | % | 7.17 | % | 100.00 | % | ||||||
|
|
|
|
|
|
Amounts designated as “—” indicate the Specialist Manager did not manage any holdings in that category.
See accompanying notes to financial statements.
190
HC CAPITAL TRUST
The U.S. Mortgage/Asset Backed Fixed Income Securities Portfolio
Portfolio of Investments — December 31, 2019 (Unaudited)
Principal Amount (000) | Security Description | Rate % | Maturity Date | Value (000) | ||||||||||||
Asset Backed Securities — 1.32% | ||||||||||||||||
$ | 200 | BMW Vehicle Owner Trust, Series 2018-A, Class – A4, Callable 12/25/21 @ 100.00 | 2.51 | 6/25/24 | $ | 202 | ||||||||||
200 | Capital One Multi-Asset Execution Trust, Series 2017-A3, Class – A3 | 2.43 | 1/15/25 | 202 | ||||||||||||
270 | Capital One Multi-Asset Execution Trust, Series 2019-A1, Class – A1 | 2.84 | 12/16/24 | 276 | ||||||||||||
300 | CarMax Auto Owner Trust, Series 2017-2, Class – A4, Callable 7/15/21 @ 100.00 | 2.25 | 9/15/22 | 300 | ||||||||||||
260 | CarMax Auto Owner Trust, Series 2018-2, Class – A3, Callable 6/15/22 @ 100.00 | 2.98 | 1/17/23 | 262 | ||||||||||||
100 | Discover Card Execution Note Trust, Series 2017-A2, Class – A2 | 2.39 | 7/15/24 | 101 | ||||||||||||
350 | Discover Card Execution Note Trust, Series 2018-A4, Class – A4 | 3.11 | 1/16/24 | 356 | ||||||||||||
90 | Ford Credit Floorplan Master Owner Trust, Series 2019-A1, Class – A1 | 2.23 | 9/15/24 | 90 | ||||||||||||
156 | GM Financial Consumer Automobile Receivables Trust, Series 2018-1, Class – A4, | 2.46 | 7/17/23 | 157 | ||||||||||||
250 | Nissan Auto Receivables Owner Trust, Series 2019-A, Class – A3, Callable 3/15/23 @ 100.00 | 2.90 | 10/16/23 | 254 | ||||||||||||
90 | Santander Drive Auto Receivables Trust, Series 2019-2, Class – A3, Callable 11/15/22 @ 100.00 | 2.59 | 5/15/23 | 90 | ||||||||||||
200 | Synchrony Credit Card Master Note Trust, Series 2018-1, Class – A | 2.97 | 3/15/24 | 202 | ||||||||||||
200 | Toyota Auto Receivables Owner Trust, Series 2018-A, Class – A4, Callable 1/15/22 @ 100.00 | 2.52 | 5/15/23 | 202 | ||||||||||||
50 | Toyota Auto Receivables Owner Trust, Series 2019-A, Class – A3, Callable 12/15/22 @ 100.00 | 2.91 | 7/17/23 | 51 | ||||||||||||
50 | World Omni Auto Receivables Trust, Series 2019-A3, Class – A3, Callable 10/15/22 @ 100.00 | 3.04 | 5/15/24 | 51 | ||||||||||||
200 | World Omni Automobile Lease Securitization Trust, Series 2019-A, Class – A3, | 2.94 | 5/16/22 | 203 | ||||||||||||
|
| |||||||||||||||
Total Asset Backed Securities | 2,999 | |||||||||||||||
|
| |||||||||||||||
Collateralized Mortgage Obligations — 6.26% | ||||||||||||||||
100 | Bank, Series 2019-BNK19, Class – A3, Callable 7/11/29 @ 100.00 | 3.18 | 8/15/61 | 104 | ||||||||||||
250 | Bank, Series 2017-BNK9, Class – ASB | 3.47 | 11/15/54 | 264 | ||||||||||||
300 | Bank, Series 2018-BN10, Class – A5 | 3.69 | 2/15/61 | 324 | ||||||||||||
200 | Bank of America Commercial Mortgage Trust, Series 2017-BNK3, Class – A2 | 3.12 | 2/15/50 | 203 | ||||||||||||
100 | Bank of America Commercial Mortgage Trust, Series 2017-BNK3, Class – ASB | 3.37 | 2/15/50 | 104 | ||||||||||||
250 | Benchmark Mortgage Trust, Series 2019-B9, Class – A5 | 4.02 | 3/15/52 | 277 | ||||||||||||
200 | Benchmark Mortgage Trust, Series 2018-B6, Class – A4 | 4.26 | 10/10/51 | 224 | ||||||||||||
228 | Citigroup Commercial Mortgage Trust, Series 2015-GC27, Class – A4 | 2.88 | 2/10/48 | 232 | ||||||||||||
183 | Citigroup Commercial Mortgage Trust, Series 2015-GC27, Class – A5 | 3.14 | 2/10/48 | 189 | ||||||||||||
100 | Citigroup Commercial Mortgage Trust, Series 2016-GC37, Class – A4 | 3.31 | 4/10/49 | 105 | ||||||||||||
100 | Citigroup Commercial Mortgage Trust, Series 2016-GC36, Class – A5 | 3.62 | 2/10/49 | 106 | ||||||||||||
228 | Citigroup Commercial Mortgage Trust, Series 2014-GC23, Class – A4 | 3.62 | 7/10/47 | 241 | ||||||||||||
183 | Commercial Mortgage Trust, Series 2015-LC19, Class – A4 | 3.18 | 2/10/48 | 189 | ||||||||||||
80 | Commercial Mortgage Trust, Series 2015-DC1, Class – A5 | 3.35 | 2/10/48 | 84 | ||||||||||||
256 | Commercial Mortgage Trust, Series 2013-CR8, Class – A5 | 3.61 | (a) | 6/10/46 | 267 | |||||||||||
100 | Commercial Mortgage Trust, Series 2014-UBS4, Class – AM | 3.97 | 8/10/47 | 105 | ||||||||||||
100 | Commercial Mortgage Trust, Series 2013-CR11, Class – B | 5.11 | (a) | 8/10/50 | 106 | |||||||||||
200 | CSAIL Commercial Mortgage Trust, Series 2016-C7, Class – ASB | 3.31 | 11/15/49 | 206 | ||||||||||||
500 | CSAIL Commercial Mortgage Trust, Series 2018-CX11, Class – A2 | 3.82 | 4/15/51 | 521 | ||||||||||||
124 | Fannie Mae-ACES, Series 2016-M6, Class – A1 | 2.14 | 5/25/26 | 124 | ||||||||||||
9 | Fannie Mae-ACES, Series 2013-M14, Class – APT | 2.65 | (a) | 4/25/23 | 9 | |||||||||||
35 | Fannie Mae-ACES, Series 2017-M8, Class – A1 | 2.65 | 5/25/27 | 35 | ||||||||||||
283 | Fannie Mae-ACES, Series 2015-M3, Class – A2 | 2.72 | 10/25/24 | 289 | ||||||||||||
208 | Fannie Mae-ACES, Series 2012-M1, Class – A2 | 2.73 | 10/25/21 | 210 | ||||||||||||
200 | Fannie Mae-ACES, Series 2017-M7, Class – A2 | 2.96 | (a) | 2/25/27 | 207 | |||||||||||
28 | Fannie Mae-ACES, Series 2012-M4, Class – 1A2 | 2.98 | 4/25/22 | 28 | ||||||||||||
250 | Fannie Mae-ACES, Series 2017-M11, Class – A2 | 2.98 | 8/25/29 | 260 | ||||||||||||
300 | Fannie Mae-ACES, Series 2017-M12, Class – A2 | 3.08 | (a) | 6/25/27 | 311 | |||||||||||
228 | Fannie Mae-ACES, Series 2014-M9, Class – A2 | 3.10 | (a) | 7/25/24 | 237 | |||||||||||
200 | Fannie Mae-ACES, Series 2017 M15, Class – ATS2 | 3.14 | (a) | 11/25/27 | 208 | |||||||||||
200 | Fannie Mae-ACES, Series 2019-M2, Class – A2 | 3.63 | (a) | 11/25/28 | 218 | |||||||||||
400 | Freddie Mac Multifamily Structured Pass Through Certificates, Series K081, Class – A2 | 3.90 | (a) | 8/25/28 | 442 | |||||||||||
46 | Freddie Mac Multifamily Structured Pass-Through Certificates, Series K023, Class – A2 | 2.31 | 8/25/22 | 46 |
See accompanying notes to financial statements.
191
HC CAPITAL TRUST
The U.S. Mortgage/Asset Backed Fixed Income Securities Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Principal Amount (000) | Security Description | Rate % | Maturity Date | Value (000) | ||||||||||||
Collateralized Mortgage Obligations (continued) | ||||||||||||||||
$ | 90 | Freddie Mac Multifamily Structured Pass-Through Certificates, Series K058, Class – A1 | 2.34 | 7/25/26 | $ | 90 | ||||||||||
183 | Freddie Mac Multifamily Structured Pass-Through Certificates, Series K027, Class – A2 | 2.64 | 1/25/23 | 186 | ||||||||||||
350 | Freddie Mac Multifamily Structured Pass-Through Certificates, Series K055, Class – A2 | 2.67 | 3/25/26 | 357 | ||||||||||||
111 | Freddie Mac Multifamily Structured Pass-Through Certificates, Series K017, Class – A2 | 2.87 | 12/25/21 | 113 | ||||||||||||
180 | Freddie Mac Multifamily Structured Pass-Through Certificates, Series K726, Class – A2 | 2.91 | 7/25/49 | 184 | ||||||||||||
46 | Freddie Mac Multifamily Structured Pass-Through Certificates, Series K032, Class – A1 | 3.02 | 2/25/23 | 47 | ||||||||||||
365 | Freddie Mac Multifamily Structured Pass-Through Certificates, Series K043, Class – A2 | 3.06 | 12/25/24 | 380 | ||||||||||||
274 | Freddie Mac Multifamily Structured Pass-Through Certificates, Series K716, Class – A2 | 3.13 | 6/25/21 | 277 | ||||||||||||
183 | Freddie Mac Multifamily Structured Pass-Through Certificates, Series K032, Class – A2 | 3.31 | (a) | 5/25/23 | 190 | |||||||||||
183 | Freddie Mac Multifamily Structured Pass-Through Certificates, Series K029, Class – A2 | 3.32 | (a) | 2/25/23 | 189 | |||||||||||
100 | Freddie Mac Multifamily Structured Pass-Through Certificates, Series K047, Class – A2, | 3.33 | (a) | 5/25/25 | 106 | |||||||||||
500 | Freddie Mac Multifamily Structured Pass-Through Certificates, Series K077, Class – A2 | 3.85 | 5/25/28 | 550 | ||||||||||||
109 | Freddie Mac Multifamily Structured Pass-Through Certificates, Series K014, Class – A2 | 3.87 | 4/25/21 | 111 | ||||||||||||
205 | Freddie Mac Multifamily Structured Pass-Through Certificates, Series K012, Class – A2 | 4.18 | 12/25/20 | 209 | ||||||||||||
230 | GS Mortgage Securities Trust, Series 2016-GS2, Class – A3 | 2.79 | 5/10/49 | 233 | ||||||||||||
100 | GS Mortgage Securities Trust, Series 2017-GS5, Class – A2 | 3.22 | 3/10/50 | 102 | ||||||||||||
250 | GS Mortgage Securities Trust, Series 2017-GS5, Class – A4 | 3.67 | 3/10/50 | 268 | ||||||||||||
100 | GS Mortgage Securities Trust, Series 2018-GS10, Class – A5 | 4.15 | (a) | 7/10/51 | 111 | |||||||||||
274 | GS Mortgage Securities Trust, Series 2013-GC14, Class – A5 | 4.24 | 8/10/46 | 291 | ||||||||||||
137 | JPMBB Commercial Mortgage Securities Trust, Series 2014-C24, Class – A5 | 3.64 | 11/15/47 | 145 | ||||||||||||
183 | JPMBB Commercial Mortgage Securities Trust, Series 2014-C22, Class – A4, | 3.80 | 9/15/47 | 194 | ||||||||||||
183 | JPMBB Commercial Mortgage Securities Trust, Series 2013-C15, Class – A5 | 4.13 | 11/15/45 | 195 | ||||||||||||
176 | JPMorgan Chase Commercial Mortgage Securities Corp., Series 2012-C8, Class – A3 | 2.83 | 10/15/45 | 179 | ||||||||||||
100 | Morgan Stanley BAML Trust, Series 2015-C21, Class – ASB | 3.15 | 3/15/48 | 102 | ||||||||||||
183 | Morgan Stanley BAML Trust, Series 2015-C20, Class – A4 | 3.25 | 2/15/48 | 189 | ||||||||||||
200 | Morgan Stanley BAML Trust, Series 2014-C19, Class – A4 | 3.53 | 12/15/47 | 210 | ||||||||||||
200 | Morgan Stanley BAML Trust, Series 2017-C33, Class – A5 | 3.60 | 5/15/50 | 213 | ||||||||||||
100 | Morgan Stanley BAML Trust, Series 2014-C17, Class – A5, Callable 7/11/24 @ 100.00 | 3.74 | 8/15/47 | 105 | ||||||||||||
100 | Morgan Stanley BAML Trust, Series 2014-C15, Class – A4 | 4.05 | 4/15/47 | 106 | ||||||||||||
200 | Morgan Stanley Capital I Trust, Series 2017-H1, Class – A4 | 3.26 | 6/15/50 | 207 | ||||||||||||
183 | Morgan Stanley Capital I Trust, Series 2016-UBS9, Class – A4 | 3.59 | 3/15/49 | 193 | ||||||||||||
100 | SG Commercial Mortgage Securities Trust, Series 2016-C5, Class – A4 | 3.06 | 10/10/48 | 103 | ||||||||||||
141 | UBS-Barclays Commercial Mortgage Trust, Series 2012-C2, Class – A4 | 3.53 | 5/10/63 | 145 | ||||||||||||
500 | Wells Fargo Commercial Mortgage Trust, Series 2016-C34, Class – A4 | 3.10 | 6/15/49 | 514 | ||||||||||||
183 | Wells Fargo Commercial Mortgage Trust, Series 2015-C30, Class – A4 | 3.66 | 9/15/58 | 194 | ||||||||||||
124 | Wells Fargo Commercial Mortgage Trust, Series 2015-P2, Class – A4 | 3.81 | 12/15/48 | 133 | ||||||||||||
169 | Wells Fargo Commercial Mortgage Trust, Series 2014-LC16, Class – A5 | 3.82 | 8/15/50 | 179 | ||||||||||||
142 | Wells Fargo Commercial Mortgage Trust, Series 2015-C26, Class – C | 4.07 | 2/15/48 | 144 | ||||||||||||
100 | Wells Fargo Commercial Mortgage Trust, Series 2018-C47, Class – A4 | 4.44 | 9/15/61 | 113 | ||||||||||||
135 | WF-RBS Commercial Mortgage Trust, Series 2013-C14, Class – ASB | 2.98 | 6/15/46 | 137 | ||||||||||||
|
| |||||||||||||||
Total Collateralized Mortgage Obligations | 14,169 | |||||||||||||||
|
| |||||||||||||||
U.S. Government Agency Mortgages — 84.96% | ||||||||||||||||
215 | Fannie Mae, Pool #AS1058 | 2.00 | 11/1/28 | 215 | ||||||||||||
40 | Fannie Mae, Pool #AY4232 | 2.00 | 5/1/30 | 40 | ||||||||||||
90 | Fannie Mae, Pool #MA2906 | 2.00 | 2/1/32 | 90 | ||||||||||||
36 | Fannie Mae, Pool #BJ4362 | 2.00 | 11/1/32 | 36 | ||||||||||||
19 | Fannie Mae, Pool #CA0052 | 2.00 | 7/1/32 | 19 | ||||||||||||
43 | Fannie Mae, Pool #AS0001 | 2.00 | 7/1/28 | 43 | ||||||||||||
49 | Fannie Mae, Pool #MA3788 | 2.50 | 9/1/39 | 49 | ||||||||||||
80 | Fannie Mae, Pool #AZ6458 | 2.50 | 7/1/30 | 81 | ||||||||||||
55 | Fannie Mae, Pool #BJ3742 | 2.50 | 12/1/32 | 56 | ||||||||||||
73 | Fannie Mae, Pool #BJ3944 | 2.50 | 1/1/33 | 74 |
See accompanying notes to financial statements.
192
HC CAPITAL TRUST
The U.S. Mortgage/Asset Backed Fixed Income Securities Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Principal Amount (000) | Security Description | Rate % | Maturity Date | Value (000) | ||||||||||||
U.S. Government Agency Mortgages (continued) | ||||||||||||||||
$ | 528 | Fannie Mae, Pool #MA3246 | 2.50 | 1/1/33 | $ | 535 | ||||||||||
61 | Fannie Mae, Pool #AS4660 | 2.50 | 3/1/30 | 62 | ||||||||||||
21 | Fannie Mae, Pool #MA1511 | 2.50 | 7/1/33 | 22 | ||||||||||||
481 | Fannie Mae, Pool #MA2730 | 2.50 | 8/1/46 | 475 | ||||||||||||
19 | Fannie Mae, Pool #MA2888 | 2.50 | 1/1/47 | 19 | ||||||||||||
174 | Fannie Mae, Pool #AU2619 | 2.50 | 8/1/28 | 176 | ||||||||||||
18 | Fannie Mae, Pool #MA2789 | 2.50 | 10/1/36 | 18 | ||||||||||||
162 | Fannie Mae, Pool #BE3032 | 2.50 | 1/1/32 | 164 | ||||||||||||
35 | Fannie Mae, Pool #AS0513 | 2.50 | 8/1/43 | 35 | ||||||||||||
19 | Fannie Mae, Pool #AS8172 | 2.50 | 10/1/36 | 19 | ||||||||||||
21 | Fannie Mae, Pool #MA2854 | 2.50 | 12/1/46 | 20 | ||||||||||||
179 | Fannie Mae, Pool #AS4946 | 2.50 | 5/1/30 | 182 | ||||||||||||
79 | Fannie Mae, Pool #MA3282 | 2.50 | 2/1/33 | 80 | ||||||||||||
158 | Fannie Mae, Pool #AB7391 | 2.50 | 12/1/42 | 157 | ||||||||||||
244 | Fannie Mae, Pool #AP4742 | 2.50 | 8/1/27 | 247 | ||||||||||||
151 | Fannie Mae, Pool #BC9041 | 2.50 | 11/1/31 | 153 | ||||||||||||
293 | Fannie Mae, Pool #MA3154 | 2.50 | 10/1/32 | 295 | ||||||||||||
244 | Fannie Mae, Pool #AO3019 | 2.50 | 5/1/27 | 247 | ||||||||||||
300 | Fannie Mae, Pool #MA1210 | 2.50 | 10/1/27 | 304 | ||||||||||||
103 | Fannie Mae, Pool #AS8246 | 2.50 | 11/1/31 | 105 | ||||||||||||
273 | Fannie Mae, Pool #MA1277 | 2.50 | 12/1/27 | 276 | ||||||||||||
43 | Fannie Mae, Pool #MA1270 | 2.50 | 11/1/32 | 43 | ||||||||||||
105 | Fannie Mae, Pool #AU6387 | 2.50 | 11/1/28 | 106 | ||||||||||||
63 | Fannie Mae, Pool #AT2717 | 2.50 | 5/1/43 | 63 | ||||||||||||
38 | Fannie Mae, Pool #AS8437 | 2.50 | 12/1/36 | 38 | ||||||||||||
145 | Fannie Mae, Pool #AS8892 | 2.50 | 2/1/32 | 147 | ||||||||||||
106 | Fannie Mae, Pool #AU5334 | 2.50 | 11/1/28 | 108 | ||||||||||||
150 | Fannie Mae, Pool #MA3902 | 2.50 | 12/1/49 | 149 | ||||||||||||
102 | Fannie Mae, Pool #MA3217 | 2.50 | 12/1/32 | 103 | ||||||||||||
100 | Fannie Mae, Pool #MA3737 | 2.50 | 8/1/34 | 101 | ||||||||||||
50 | Fannie Mae, Pool #MA2868 | 2.50 | 1/1/32 | 51 | ||||||||||||
99 | Fannie Mae, Pool #MA3801 | 2.50 | 10/1/49 | 98 | ||||||||||||
66 | Fannie Mae, Pool #AW8295 | 3.00 | 8/1/29 | 68 | ||||||||||||
97 | Fannie Mae, Pool #MA2230 | 3.00 | 4/1/35 | 99 | ||||||||||||
125 | Fannie Mae, Pool #AW7383 | 3.00 | 8/1/29 | 129 | ||||||||||||
94 | Fannie Mae, Pool #AL8861 | 3.00 | 7/1/31 | 97 | ||||||||||||
208 | Fannie Mae, Pool #MA2246 | 3.00 | 4/1/30 | 214 | ||||||||||||
99 | Fannie Mae, Pool #MA2773 | 3.00 | 10/1/36 | 102 | ||||||||||||
96 | Fannie Mae, Pool #MA3339 | 3.00 | 4/1/33 | 99 | ||||||||||||
250 | Fannie Mae, Pool #AS4333 | 3.00 | 1/1/45 | 257 | ||||||||||||
40 | Fannie Mae, Pool #AZ4358 | 3.00 | 7/1/30 | 41 | ||||||||||||
249 | Fannie Mae, Pool #AT7620 | 3.00 | 6/1/43 | 256 | ||||||||||||
58 | Fannie Mae, Pool #BK1015 | 3.00 | 2/1/33 | 60 | ||||||||||||
296 | Fannie Mae, Pool #AB8897 | 3.00 | 4/1/43 | 304 | ||||||||||||
80 | Fannie Mae, Pool #MA2149 | 3.00 | 1/1/30 | 82 | ||||||||||||
91 | Fannie Mae, Pool #AQ3223 | 3.00 | 11/1/27 | 94 | ||||||||||||
268 | Fannie Mae, Pool #AT2014 | 3.00 | 4/1/43 | 275 | ||||||||||||
284 | Fannie Mae, Pool #AT0682 | 3.00 | 4/1/43 | 292 | ||||||||||||
73 | Fannie Mae, Pool #MA3774 | 3.00 | 9/1/49 | 75 | ||||||||||||
53 | Fannie Mae, Pool #AS4334 | 3.00 | 1/1/45 | 54 | ||||||||||||
80 | Fannie Mae, Pool #AS8483 | 3.00 | 12/1/46 | 82 | ||||||||||||
272 | Fannie Mae, Pool #MA3802 | 3.00 | 10/1/49 | 276 | ||||||||||||
198 | Fannie Mae, Pool #MA3744 | 3.00 | 8/1/49 | 201 | ||||||||||||
230 | Fannie Mae, Pool #FM1134 | 3.00 | 4/1/48 | 236 |
See accompanying notes to financial statements.
193
HC CAPITAL TRUST
The U.S. Mortgage/Asset Backed Fixed Income Securities Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Principal Amount (000) | Security Description | Rate % | Maturity Date | Value (000) | ||||||||||||
U.S. Government Agency Mortgages (continued) | ||||||||||||||||
$ | 143 | Fannie Mae, Pool #AS1527 | 3.00 | 1/1/29 | $ | 148 | ||||||||||
263 | Fannie Mae, Pool #AS8276 | 3.00 | 11/1/46 | 270 | ||||||||||||
234 | Fannie Mae, Pool #AK0006 | 3.00 | 1/1/27 | 240 | ||||||||||||
66 | Fannie Mae, Pool #AU7890 | 3.00 | 9/1/28 | 68 | ||||||||||||
234 | Fannie Mae, Pool #AY4829 | 3.00 | 5/1/45 | 240 | ||||||||||||
73 | Fannie Mae, Pool #AS8424 | 3.00 | 12/1/36 | 75 | ||||||||||||
36 | Fannie Mae, Pool #MA3218 | 3.00 | 12/1/32 | 38 | ||||||||||||
37 | Fannie Mae, Pool #BA4786 | 3.00 | 2/1/31 | 38 | ||||||||||||
82 | Fannie Mae, Pool #AS2312 | 3.00 | 5/1/29 | 84 | ||||||||||||
100 | Fannie Mae, Pool #MA3060 | 3.00 | 7/1/32 | 103 | ||||||||||||
37 | Fannie Mae, Pool #MA2897 | 3.00 | 2/1/37 | 38 | ||||||||||||
20 | Fannie Mae, Pool #AL9848 | 3.00 | 3/1/47 | 20 | ||||||||||||
67 | Fannie Mae, Pool #AS3117 | 3.00 | 8/1/29 | 69 | ||||||||||||
39 | Fannie Mae, Pool #AS8056 | 3.00 | 10/1/46 | 39 | ||||||||||||
39 | Fannie Mae, Pool #MA2087 | 3.00 | 11/1/34 | 40 | ||||||||||||
221 | Fannie Mae, Pool #AS7238 | 3.00 | 5/1/46 | 226 | ||||||||||||
358 | Fannie Mae, Pool #BD2446 | 3.00 | 1/1/47 | 367 | ||||||||||||
78 | Fannie Mae, Pool #BE3861 | 3.00 | 1/1/47 | 79 | ||||||||||||
175 | Fannie Mae, Pool #MA3147 | 3.00 | 10/1/47 | 179 | ||||||||||||
27 | Fannie Mae, Pool #MA2065 | 3.00 | 10/1/34 | 27 | ||||||||||||
115 | Fannie Mae, Pool #MA1527 | 3.00 | 8/1/33 | 118 | ||||||||||||
27 | Fannie Mae, Pool #MA2287 | 3.00 | 6/1/35 | 28 | ||||||||||||
89 | Fannie Mae, Pool #BD5076 | 3.00 | 2/1/32 | 92 | ||||||||||||
58 | Fannie Mae, Pool #J24886 | 3.00 | 7/1/23 | 59 | ||||||||||||
825 | Fannie Mae, Pool #AB7099 | 3.00 | 11/1/42 | 852 | ||||||||||||
89 | Fannie Mae, Pool #MA3090 | 3.00 | 8/1/32 | 91 | ||||||||||||
88 | Fannie Mae, Pool #MA3304 | 3.00 | 3/1/48 | 90 | ||||||||||||
19 | Fannie Mae, Pool #MA3100 | 3.00 | 8/1/37 | 19 | ||||||||||||
197 | Fannie Mae, Pool #CA3788 | 3.00 | 7/1/49 | 200 | ||||||||||||
337 | Fannie Mae, Pool #MA3082 | 3.00 | 7/1/47 | 345 | ||||||||||||
190 | Fannie Mae, Pool #MA3179 | 3.00 | 11/1/47 | 195 | ||||||||||||
346 | Fannie Mae, Pool #AS8414 | 3.00 | 11/1/46 | 354 | ||||||||||||
222 | Fannie Mae, Pool #AS0196 | 3.00 | 8/1/28 | 228 | ||||||||||||
44 | Fannie Mae, Pool #BE9547 | 3.00 | 4/1/47 | 45 | ||||||||||||
37 | Fannie Mae, Pool #MA2961 | 3.00 | 4/1/37 | 39 | ||||||||||||
11 | Fannie Mae, Pool #BA0826 | 3.00 | 10/1/30 | 11 | ||||||||||||
58 | Fannie Mae, Pool #MA3185 | 3.00 | 11/1/37 | 59 | ||||||||||||
317 | Fannie Mae, Pool #AL9865 | 3.00 | 2/1/47 | 324 | ||||||||||||
268 | Fannie Mae, Pool #BC4764 | 3.00 | 10/1/46 | 274 | ||||||||||||
38 | Fannie Mae, Pool #MA3127 | 3.00 | 9/1/37 | 39 | ||||||||||||
81 | Fannie Mae, Pool #MA3237 | 3.00 | 1/1/48 | 83 | ||||||||||||
77 | Fannie Mae, Pool #MA3247 | 3.00 | 1/1/33 | 79 | ||||||||||||
269 | Fannie Mae, Pool #BC9003 | 3.00 | 11/1/46 | 275 | ||||||||||||
74 | Fannie Mae, Pool #AL9996 | 3.00 | 4/1/32 | 77 | ||||||||||||
154 | Fannie Mae, Pool #MA3631 | 3.00 | 4/1/34 | 158 | ||||||||||||
226 | Fannie Mae, Pool #MA2833 | 3.00 | 12/1/46 | 232 | ||||||||||||
223 | Fannie Mae, Pool #AS8784 | 3.00 | 2/1/47 | 228 | ||||||||||||
171 | Fannie Mae, Pool #BD5545 | 3.00 | 10/1/46 | 175 | ||||||||||||
166 | Fannie Mae, Pool #AY4200 | 3.00 | 5/1/45 | 170 | ||||||||||||
74 | Fannie Mae, Pool #BC4276 | 3.00 | 4/1/46 | 76 | ||||||||||||
100 | Fannie Mae, Pool #MA2523 | 3.00 | 2/1/36 | 103 | ||||||||||||
1,025 | Fannie Mae, Pool #AP6375 | 3.00 | 9/1/42 | 1,058 | ||||||||||||
598 | Fannie Mae, Pool #AP6493 | 3.00 | 9/1/42 | 618 | ||||||||||||
71 | Fannie Mae, Pool #AS8438 | 3.00 | 12/1/36 | 73 |
See accompanying notes to financial statements.
194
HC CAPITAL TRUST
The U.S. Mortgage/Asset Backed Fixed Income Securities Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Principal Amount (000) | Security Description | Rate % | Maturity Date | Value (000) | ||||||||||||
U.S. Government Agency Mortgages (continued) | ||||||||||||||||
$ | 162 | Fannie Mae, Pool #BE1901 | 3.00 | 12/1/46 | $ | 166 | ||||||||||
149 | Fannie Mae, Pool #MA3831 | 3.00 | 11/1/39 | 152 | ||||||||||||
276 | Fannie Mae, Pool #MA1307 | 3.00 | 1/1/33 | 284 | ||||||||||||
77 | Fannie Mae, Pool #BJ2996 | 3.00 | 1/1/33 | 80 | ||||||||||||
445 | Fannie Mae, Pool #AP2465 | 3.00 | 8/1/42 | 459 | ||||||||||||
23 | Fannie Mae, Pool #AX8309 | 3.00 | 11/1/29 | 23 | ||||||||||||
59 | Fannie Mae, Pool #MA1338 | 3.00 | 2/1/33 | 61 | ||||||||||||
196 | Fannie Mae, Pool #AU3735 | 3.00 | 8/1/43 | 202 | ||||||||||||
192 | Fannie Mae, Pool #FM1552 | 3.00 | 12/1/47 | 197 | ||||||||||||
167 | Fannie Mae, Pool #MA3657 | 3.00 | 5/1/34 | 171 | ||||||||||||
383 | Fannie Mae, Pool #AS7904 | 3.00 | 9/1/46 | 392 | ||||||||||||
106 | Fannie Mae, Pool #AZ0538 | 3.00 | 9/1/30 | 109 | ||||||||||||
261 | Fannie Mae, Pool #MA3106 | 3.00 | 8/1/47 | 266 | ||||||||||||
780 | Fannie Mae, Pool #AQ7920 | 3.00 | 12/1/42 | 806 | ||||||||||||
48 | Fannie Mae, Pool #AT1575 | 3.00 | 5/1/43 | 49 | ||||||||||||
382 | Fannie Mae, Pool #MA2737 | 3.00 | 9/1/46 | 391 | ||||||||||||
53 | Fannie Mae, Pool #BM1370 | 3.00 | 4/1/37 | 55 | ||||||||||||
162 | Fannie Mae, Pool #AS8521 | 3.00 | 12/1/46 | 165 | ||||||||||||
117 | Fannie Mae, Pool #MA1401 | 3.00 | 4/1/33 | 120 | ||||||||||||
148 | Fannie Mae, Pool #AS7908 | 3.00 | 9/1/46 | 151 | ||||||||||||
248 | Fannie Mae, Pool #AS4884 | 3.00 | 5/1/45 | 254 | ||||||||||||
243 | Fannie Mae, Pool #AK3302 | 3.00 | 3/1/27 | 250 | ||||||||||||
95 | Fannie Mae, Pool #MA2425 | 3.00 | 10/1/30 | 98 | ||||||||||||
131 | Fannie Mae, Pool #AS8186 | 3.00 | 10/1/46 | 134 | ||||||||||||
237 | Fannie Mae, Pool #BD4225 | 3.00 | 11/1/46 | 242 | ||||||||||||
36 | Fannie Mae, Pool #AR7426 | 3.00 | 7/1/43 | 38 | ||||||||||||
31 | Fannie Mae, Pool #MA1058 | 3.00 | 5/1/32 | 31 | ||||||||||||
298 | Fannie Mae, Pool #MA2806 | 3.00 | 11/1/46 | 305 | ||||||||||||
236 | Fannie Mae, Pool #MA2895 | 3.00 | 2/1/47 | 242 | ||||||||||||
84 | Fannie Mae, Pool #BE4400 | 3.00 | 1/1/47 | 86 | ||||||||||||
53 | Fannie Mae, Pool #MA2832 | 3.00 | 12/1/36 | 55 | ||||||||||||
160 | Fannie Mae, Pool #AB4483 | 3.00 | 2/1/27 | 165 | ||||||||||||
234 | Fannie Mae, Pool #MA2863 | 3.00 | 1/1/47 | 240 | ||||||||||||
110 | Fannie Mae, Pool #MA3331 | 3.00 | 4/1/48 | 113 | ||||||||||||
213 | Fannie Mae, Pool #BD5787 | 3.00 | 9/1/46 | 219 | ||||||||||||
605 | Fannie Mae, Pool #AO0752 | 3.00 | 4/1/42 | 626 | ||||||||||||
37 | Fannie Mae, Pool #MA3078 | 3.00 | 7/1/37 | 38 | ||||||||||||
57 | Fannie Mae, Pool #MA2579 | 3.00 | 4/1/36 | 59 | ||||||||||||
321 | Fannie Mae, Pool #MA2956 | 3.00 | 4/1/47 | 329 | ||||||||||||
445 | Fannie Mae, Pool #FM1370 | 3.00 | 4/1/46 | 456 | ||||||||||||
37 | Fannie Mae, Pool #BM5446 | 3.50 | 2/1/49 | 38 | ||||||||||||
142 | Fannie Mae, Pool #BE5258 | 3.50 | 1/1/47 | 148 | ||||||||||||
30 | Fannie Mae, Pool #MA2692 | 3.50 | 7/1/36 | 32 | ||||||||||||
78 | Fannie Mae, Pool #AE5487 | 3.50 | 10/1/25 | 81 | ||||||||||||
43 | Fannie Mae, Pool #CA0234 | 3.50 | 8/1/47 | 45 | ||||||||||||
209 | Fannie Mae, Pool #AS4773 | 3.50 | 4/1/45 | 218 | ||||||||||||
148 | Fannie Mae, Pool #MA3614 | 3.50 | 3/1/49 | 153 | ||||||||||||
145 | Fannie Mae, Pool #MA3462 | 3.50 | 9/1/33 | 150 | ||||||||||||
108 | Fannie Mae, Pool #AO9140 | 3.50 | 7/1/42 | 114 | ||||||||||||
386 | Fannie Mae, Pool #BJ2692 | 3.50 | 4/1/48 | 399 | ||||||||||||
256 | Fannie Mae, Pool #MA3332 | 3.50 | 4/1/48 | 264 | ||||||||||||
17 | Fannie Mae, Pool #MA2909 | 3.50 | 2/1/37 | 17 | ||||||||||||
890 | Fannie Mae, Pool #AB6017 | 3.50 | 8/1/42 | 937 | ||||||||||||
28 | Fannie Mae, Pool #BM1231 | 3.50 | 11/1/31 | 29 |
See accompanying notes to financial statements.
195
HC CAPITAL TRUST
The U.S. Mortgage/Asset Backed Fixed Income Securities Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Principal Amount (000) | Security Description | Rate % | Maturity Date | Value (000) | ||||||||||||
U.S. Government Agency Mortgages (continued) | ||||||||||||||||
$ | 1,040 | Fannie Mae, Pool #AK7497 | 3.50 | 4/1/42 | $ | 1,095 | ||||||||||
131 | Fannie Mae, Pool #AU3742 | 3.50 | 8/1/43 | 138 | ||||||||||||
360 | Fannie Mae, Pool #MA3182 | 3.50 | 11/1/47 | 374 | ||||||||||||
183 | Fannie Mae, Pool #MA1980 | 3.50 | 8/1/44 | 190 | ||||||||||||
18 | Fannie Mae, Pool #MA1021 | 3.50 | 3/1/27 | 19 | ||||||||||||
155 | Fannie Mae, Pool #MA1059 | 3.50 | 5/1/32 | 162 | ||||||||||||
129 | Fannie Mae, Pool #BJ0647 | 3.50 | 3/1/48 | 133 | ||||||||||||
476 | Fannie Mae, Pool #MA3520 | 3.50 | 10/1/48 | 492 | ||||||||||||
86 | Fannie Mae, Pool #AZ6383 | 3.50 | 9/1/45 | 89 | ||||||||||||
91 | Fannie Mae, Pool #AX5201 | 3.50 | 10/1/29 | 95 | ||||||||||||
304 | Fannie Mae, Pool #MA3414 | 3.50 | 7/1/48 | 315 | ||||||||||||
74 | Fannie Mae, Pool #AY8856 | 3.50 | 9/1/45 | 76 | ||||||||||||
143 | Fannie Mae, Pool #AY3913 | 3.50 | 2/1/45 | 149 | ||||||||||||
87 | Fannie Mae, Pool #AS5892 | 3.50 | 10/1/45 | 90 | ||||||||||||
152 | Fannie Mae, Pool #MA3494 | 3.50 | 10/1/48 | 157 | ||||||||||||
211 | Fannie Mae, Pool #AJ8476 | 3.50 | 12/1/41 | 223 | ||||||||||||
142 | Fannie Mae, Pool #AY3802 | 3.50 | 2/1/45 | 148 | ||||||||||||
87 | Fannie Mae, Pool #AX7655 | 3.50 | 1/1/45 | 90 | ||||||||||||
274 | Fannie Mae, Pool #AU1635 | 3.50 | 7/1/43 | 287 | ||||||||||||
117 | Fannie Mae, Pool #BM2001 | 3.50 | 12/1/46 | 123 | ||||||||||||
336 | Fannie Mae, Pool #BH9215 | 3.50 | 1/1/48 | 350 | ||||||||||||
134 | Fannie Mae, Pool #AZ2614 | 3.50 | 8/1/45 | 140 | ||||||||||||
201 | Fannie Mae, Pool #MA1107 | 3.50 | 7/1/32 | 209 | ||||||||||||
272 | Fannie Mae, Pool #BD5046 | 3.50 | 2/1/47 | 282 | ||||||||||||
35 | Fannie Mae, Pool #MA3059 | 3.50 | 7/1/37 | 36 | ||||||||||||
48 | Fannie Mae, Pool #310139 | 3.50 | 11/1/25 | 49 | ||||||||||||
12 | Fannie Mae, Pool #AJ6181 | 3.50 | 12/1/26 | 12 | ||||||||||||
215 | Fannie Mae, Pool #AS4771 | 3.50 | 4/1/45 | 225 | ||||||||||||
108 | Fannie Mae, Pool #AS4772 | 3.50 | 4/1/45 | 113 | ||||||||||||
71 | Fannie Mae, Pool #MA2389 | 3.50 | 9/1/35 | 75 | ||||||||||||
235 | Fannie Mae, Pool #BK9038 | 3.50 | 10/1/33 | 244 | ||||||||||||
177 | Fannie Mae, Pool #AS6649 | 3.50 | 2/1/46 | 185 | ||||||||||||
118 | Fannie Mae, Pool #AS5319 | 3.50 | 7/1/45 | 123 | ||||||||||||
289 | Fannie Mae, Pool #MA3026 | 3.50 | 6/1/47 | 301 | ||||||||||||
24 | Fannie Mae, Pool #AV6407 | 3.50 | 2/1/29 | 24 | ||||||||||||
156 | Fannie Mae, Pool #MA3243 | 3.50 | 1/1/38 | 162 | ||||||||||||
225 | Fannie Mae, Pool #AY1306 | 3.50 | 3/1/45 | 235 | ||||||||||||
85 | Fannie Mae, Pool #MA2923 | 3.50 | 3/1/37 | 88 | ||||||||||||
333 | Fannie Mae, Pool #MA3305 | 3.50 | 3/1/48 | 344 | ||||||||||||
27 | Fannie Mae, Pool #AS2081 | 3.50 | 4/1/29 | 28 | ||||||||||||
184 | Fannie Mae, Pool #MA3663 | 3.50 | 5/1/49 | 189 | ||||||||||||
365 | Fannie Mae, Pool #AQ0546 | 3.50 | 11/1/42 | 384 | ||||||||||||
287 | Fannie Mae, Pool #AL1717 | 3.50 | 5/1/27 | 298 | ||||||||||||
163 | Fannie Mae, Pool #AS0024 | 3.50 | 7/1/43 | 171 | ||||||||||||
173 | Fannie Mae, Pool #MA1982 | 3.50 | 8/1/34 | 180 | ||||||||||||
202 | Fannie Mae, Pool #MA2125 | 3.50 | 12/1/44 | 212 | ||||||||||||
134 | Fannie Mae, Pool #BC3126 | 3.50 | 1/1/46 | 140 | ||||||||||||
167 | Fannie Mae, Pool #AX2486 | 3.50 | 10/1/44 | 174 | ||||||||||||
173 | Fannie Mae, Pool #AO4385 | 3.50 | 6/1/42 | 182 | ||||||||||||
181 | Fannie Mae, Pool #AY4300 | 3.50 | 1/1/45 | 190 | ||||||||||||
71 | Fannie Mae, Pool #BC7633 | 3.50 | 6/1/46 | 74 | ||||||||||||
140 | Fannie Mae, Pool #AS5696 | 3.50 | 8/1/45 | 146 | ||||||||||||
255 | Fannie Mae, Pool #AZ0862 | 3.50 | 7/1/45 | 266 | ||||||||||||
48 | Fannie Mae, Pool #AP9390 | 3.50 | 10/1/42 | 50 |
See accompanying notes to financial statements.
196
HC CAPITAL TRUST
The U.S. Mortgage/Asset Backed Fixed Income Securities Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Principal Amount (000) | Security Description | Rate % | Maturity Date | Value (000) | ||||||||||||
U.S. Government Agency Mortgages (continued) | ||||||||||||||||
$ | 232 | Fannie Mae, Pool #AS7388 | 3.50 | 6/1/46 | $ | 242 | ||||||||||
348 | Fannie Mae, Pool #BH5155 | 3.50 | 9/1/47 | 362 | ||||||||||||
425 | Fannie Mae, Pool #BH9277 | 3.50 | 2/1/48 | 440 | ||||||||||||
396 | Fannie Mae, Pool #BM4703 | 3.50 | 2/1/48 | 412 | ||||||||||||
182 | Fannie Mae, Pool #AS5068 | 3.50 | 6/1/45 | 190 | ||||||||||||
323 | Fannie Mae, Pool #FM1028 | 3.50 | 6/1/49 | 334 | ||||||||||||
275 | Fannie Mae, Pool #FM1911 | 3.50 | 7/1/48 | 288 | ||||||||||||
73 | Fannie Mae, Pool #BK9622 | 3.50 | 10/1/48 | 76 | ||||||||||||
93 | Fannie Mae, Pool #BC0163 | 3.50 | 1/1/46 | 97 | ||||||||||||
297 | Fannie Mae, Pool #BC1158 | 3.50 | 2/1/46 | 310 | ||||||||||||
80 | Fannie Mae, Pool #BA1893 | 3.50 | 8/1/45 | 83 | ||||||||||||
24 | Fannie Mae, Pool #BA5031 | 3.50 | 1/1/46 | 25 | ||||||||||||
823 | Fannie Mae, Pool #AO8137 | 3.50 | 8/1/42 | 866 | ||||||||||||
239 | Fannie Mae, Pool #MA2292 | 3.50 | 6/1/45 | 251 | ||||||||||||
299 | Fannie Mae, Pool #BM1568 | 3.50 | 7/1/47 | 318 | ||||||||||||
14 | Fannie Mae, Pool #AX0159 | 3.50 | 9/1/29 | 14 | ||||||||||||
323 | Fannie Mae, Pool #MA3238 | 3.50 | 1/1/48 | 335 | ||||||||||||
113 | Fannie Mae, Pool #AO4647 | 3.50 | 6/1/42 | 119 | ||||||||||||
192 | Fannie Mae, Pool #AS7239 | 3.50 | 5/1/46 | 201 | ||||||||||||
36 | Fannie Mae, Pool #MA3152 | 3.50 | 10/1/37 | 37 | ||||||||||||
34 | Fannie Mae, Pool #AK0706 | 3.50 | 2/1/27 | 35 | ||||||||||||
195 | Fannie Mae, Pool #AX9530 | 3.50 | 2/1/45 | 203 | ||||||||||||
226 | Fannie Mae, Pool #AS3133 | 3.50 | 8/1/44 | 238 | ||||||||||||
120 | Fannie Mae, Pool #MA3637 | 3.50 | 4/1/49 | 124 | ||||||||||||
282 | Fannie Mae, Pool #AS7491 | 3.50 | 7/1/46 | 296 | ||||||||||||
353 | Fannie Mae, Pool #AO3760 | 3.50 | 5/1/42 | 371 | ||||||||||||
42 | Fannie Mae, Pool #MA2495 | 3.50 | 1/1/46 | 44 | ||||||||||||
956 | Fannie Mae, Pool #AO2548 | 3.50 | 4/1/42 | 1,006 | ||||||||||||
350 | Fannie Mae, Pool #FM1543 | 3.50 | 11/1/48 | 363 | ||||||||||||
179 | Fannie Mae, Pool #AZ9576 | 3.50 | 12/1/45 | 187 | ||||||||||||
161 | Fannie Mae, Pool #AY5303 | 3.50 | 3/1/45 | 170 | ||||||||||||
146 | Fannie Mae, Pool #MA3597 | 3.50 | 2/1/49 | 150 | ||||||||||||
18 | Fannie Mae, Pool #MA2996 | 3.50 | 5/1/37 | 18 | ||||||||||||
322 | Fannie Mae, Pool #CA0487 | 3.50 | 10/1/47 | 336 | ||||||||||||
311 | Fannie Mae, Pool #BM5485 | 3.50 | 2/1/49 | 322 | ||||||||||||
15 | Fannie Mae, Pool #AL8776 | 3.50 | 7/1/46 | 16 | ||||||||||||
139 | Fannie Mae, Pool #MA3692 | 3.50 | 7/1/49 | 143 | ||||||||||||
93 | Fannie Mae, Pool #AJ4093 | 3.50 | 10/1/26 | 97 | ||||||||||||
325 | Fannie Mae, Pool #BD2436 | 3.50 | 1/1/47 | 340 | ||||||||||||
250 | Fannie Mae, Series 2018-M14, Class – A2 | 3.58 | (a) | 8/25/28 | 271 | |||||||||||
489 | Fannie Mae, Pool #AJ7689 | 4.00 | 12/1/41 | 525 | ||||||||||||
458 | Fannie Mae, Pool #AJ5303 | 4.00 | 11/1/41 | 491 | ||||||||||||
42 | Fannie Mae, Pool #AE0375 | 4.00 | 7/1/25 | 44 | ||||||||||||
183 | Fannie Mae, Pool #AH6242 | 4.00 | 4/1/26 | 191 | ||||||||||||
19 | Fannie Mae, Pool #AW9041 | 4.00 | 8/1/44 | 20 | ||||||||||||
891 | Fannie Mae, Pool #190405 | 4.00 | 10/1/40 | 956 | ||||||||||||
36 | Fannie Mae, Pool #MA2455 | 4.00 | 11/1/35 | 38 | ||||||||||||
381 | Fannie Mae, Pool #FM0021 | 4.00 | 3/1/49 | 397 | ||||||||||||
44 | Fannie Mae, Pool #AT3872 | 4.00 | 6/1/43 | 46 | ||||||||||||
116 | Fannie Mae, Pool #AS3903 | 4.00 | 11/1/44 | 124 | ||||||||||||
312 | Fannie Mae, Pool #BJ9169 | 4.00 | 5/1/48 | 325 | ||||||||||||
61 | Fannie Mae, Pool #AS8823 | 4.00 | 2/1/47 | 64 | ||||||||||||
153 | Fannie Mae, Pool #AX0841 | 4.00 | 9/1/44 | 161 | ||||||||||||
23 | Fannie Mae, Pool #CA3084 | 4.00 | 2/1/49 | 24 |
See accompanying notes to financial statements.
197
HC CAPITAL TRUST
The U.S. Mortgage/Asset Backed Fixed Income Securities Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Principal Amount (000) | Security Description | Rate % | Maturity Date | Value (000) | ||||||||||||
U.S. Government Agency Mortgages (continued) | ||||||||||||||||
$ | 115 | Fannie Mae, Pool #AL7347 | 4.00 | 9/1/45 | $ | 121 | ||||||||||
80 | Fannie Mae, Pool #AY8981 | 4.00 | 8/1/45 | 84 | ||||||||||||
24 | Fannie Mae, Pool #MA3427 | 4.00 | 7/1/33 | 25 | ||||||||||||
165 | Fannie Mae, Pool #AS3467 | 4.00 | 10/1/44 | 173 | ||||||||||||
368 | Fannie Mae, Pool #AJ7857 | 4.00 | 12/1/41 | 395 | ||||||||||||
164 | Fannie Mae, Pool #AS3293 | 4.00 | 9/1/44 | 174 | ||||||||||||
114 | Fannie Mae, Pool #AS3468 | 4.00 | 10/1/44 | 119 | ||||||||||||
98 | Fannie Mae, Pool #AC7328 | 4.00 | 12/1/39 | 105 | ||||||||||||
33 | Fannie Mae, Pool #AY2291 | 4.00 | 3/1/45 | 34 | ||||||||||||
263 | Fannie Mae, Pool #FM1960 | 4.00 | 5/1/49 | 274 | ||||||||||||
271 | Fannie Mae, Pool #AH5859 | 4.00 | 2/1/41 | 291 | ||||||||||||
140 | Fannie Mae, Pool #BM4991 | 4.00 | 9/1/48 | 146 | ||||||||||||
33 | Fannie Mae, Pool #AH3394 | 4.00 | 1/1/41 | 35 | ||||||||||||
173 | Fannie Mae, Pool #AZ7362 | 4.00 | 11/1/45 | 182 | ||||||||||||
25 | Fannie Mae, Pool #AS7028 | 4.00 | 4/1/46 | 26 | ||||||||||||
71 | Fannie Mae, Pool #BC5559 | 4.00 | 3/1/46 | 75 | ||||||||||||
10 | Fannie Mae, Pool #AZ8874 | 4.00 | 9/1/45 | 11 | ||||||||||||
24 | Fannie Mae, Pool #AS2117 | 4.00 | 4/1/44 | 25 | ||||||||||||
146 | Fannie Mae, Pool #AY1377 | 4.00 | 4/1/45 | 155 | ||||||||||||
58 | Fannie Mae, Pool #BA0847 | 4.00 | 3/1/46 | 61 | ||||||||||||
112 | Fannie Mae, Pool #BA6910 | 4.00 | 2/1/46 | 118 | ||||||||||||
260 | Fannie Mae, Pool #MA3211 | 4.00 | 12/1/47 | 273 | ||||||||||||
81 | Fannie Mae, Pool #FM1101 | 4.00 | 7/1/34 | 84 | ||||||||||||
155 | Fannie Mae, Pool #CA2474 | 4.00 | 7/1/48 | 161 | ||||||||||||
147 | Fannie Mae, Pool #BN5258 | 4.00 | 2/1/49 | 153 | ||||||||||||
135 | Fannie Mae, Pool #AW5063 | 4.00 | 7/1/44 | 143 | ||||||||||||
229 | Fannie Mae, Pool #BK9697 | 4.00 | 12/1/48 | 238 | ||||||||||||
162 | Fannie Mae, Pool #BK0915 | 4.00 | 7/1/48 | 169 | ||||||||||||
46 | Fannie Mae, Pool #AL2689 | 4.00 | 2/1/27 | 48 | ||||||||||||
183 | Fannie Mae, Pool #AO2959 | 4.00 | 5/1/42 | 194 | ||||||||||||
33 | Fannie Mae, Pool #AS3448 | 4.00 | 9/1/44 | 35 | ||||||||||||
136 | Fannie Mae, Pool #AS2498 | 4.00 | 5/1/44 | 143 | ||||||||||||
126 | Fannie Mae, Pool #AS7601 | 4.00 | 7/1/46 | 134 | ||||||||||||
67 | Fannie Mae, Pool #AL4778 | 4.00 | 10/1/32 | 71 | ||||||||||||
129 | Fannie Mae, Pool #MA3592 | 4.00 | 2/1/49 | 134 | ||||||||||||
14 | Fannie Mae, Pool #MA2655 | 4.00 | 6/1/36 | 15 | ||||||||||||
299 | Fannie Mae, Pool #BD7081 | 4.00 | 3/1/47 | 313 | ||||||||||||
53 | Fannie Mae, Pool #MA0493 | 4.00 | 8/1/30 | 56 | ||||||||||||
13 | Fannie Mae, Pool #MA2536 | 4.00 | 2/1/36 | 14 | ||||||||||||
58 | Fannie Mae, Pool #BJ0639 | 4.00 | 3/1/48 | 61 | ||||||||||||
276 | Fannie Mae, Pool #MA3027 | 4.00 | 6/1/47 | 290 | ||||||||||||
289 | Fannie Mae, Pool #BE8050 | 4.00 | 4/1/47 | 303 | ||||||||||||
246 | Fannie Mae, Pool #MA3121 | 4.00 | 9/1/47 | 258 | ||||||||||||
264 | Fannie Mae, Pool #BM2002 | 4.00 | 10/1/47 | 280 | ||||||||||||
288 | Fannie Mae, Pool #AS9831 | 4.00 | 6/1/47 | 301 | ||||||||||||
17 | Fannie Mae, Pool #MA3037 | 4.00 | 6/1/37 | 18 | ||||||||||||
30 | Fannie Mae, Pool #MA0695 | 4.00 | 4/1/31 | 31 | ||||||||||||
204 | Fannie Mae, Pool #AS9486 | 4.00 | 4/1/47 | 214 | ||||||||||||
38 | Fannie Mae, Pool #AW5109 | 4.00 | 8/1/44 | 40 | ||||||||||||
300 | Fannie Mae, Pool #MA3615 | 4.00 | 3/1/49 | 312 | ||||||||||||
53 | Fannie Mae, Pool #G08694 | 4.00 | 2/1/46 | 56 | ||||||||||||
154 | Fannie Mae, Pool #MA3638 | 4.00 | 4/1/49 | 160 | ||||||||||||
162 | Fannie Mae, Pool #AZ8067 | 4.00 | 9/1/45 | 170 | ||||||||||||
77 | Fannie Mae, Pool #AY0025 | 4.00 | 2/1/45 | 81 |
See accompanying notes to financial statements.
198
HC CAPITAL TRUST
The U.S. Mortgage/Asset Backed Fixed Income Securities Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Principal Amount (000) | Security Description | Rate % | Maturity Date | Value (000) | ||||||||||||
U.S. Government Agency Mortgages (continued) | ||||||||||||||||
$ | 40 | Fannie Mae, Pool #BM5525 | 4.00 | 3/1/31 | $ | 42 | ||||||||||
232 | Fannie Mae, Pool #CA1015 | 4.00 | 1/1/48 | 243 | ||||||||||||
229 | Fannie Mae, Pool #AU3753 | 4.00 | 8/1/43 | 244 | ||||||||||||
374 | Fannie Mae, Pool #AS0531 | 4.00 | 9/1/43 | 397 | ||||||||||||
163 | Fannie Mae, Pool #MA0641 | 4.00 | 2/1/31 | 173 | ||||||||||||
272 | Fannie Mae, Pool #MA3746 | 4.00 | 8/1/49 | 283 | ||||||||||||
271 | Fannie Mae, Pool #CA0183 | 4.00 | 8/1/47 | 284 | ||||||||||||
193 | Fannie Mae, Pool #BM5685 | 4.00 | 6/1/48 | 203 | ||||||||||||
194 | Fannie Mae, Pool #MA3277 | 4.00 | 2/1/48 | 202 | ||||||||||||
341 | Fannie Mae, Pool #MA2995 | 4.00 | 5/1/47 | 357 | ||||||||||||
58 | Fannie Mae, Pool #BH2623 | 4.00 | 8/1/47 | 61 | ||||||||||||
182 | Fannie Mae, Pool #AY1595 | 4.00 | 1/1/45 | 191 | ||||||||||||
172 | Fannie Mae, Pool #AS8532 | 4.00 | 12/1/46 | 179 | ||||||||||||
99 | Fannie Mae, Pool #MA3536 | 4.00 | 12/1/48 | 103 | ||||||||||||
185 | Fannie Mae, Pool #AL8387 | 4.00 | 3/1/46 | 197 | ||||||||||||
223 | Fannie Mae, Pool #BK0909 | 4.00 | 7/1/48 | 233 | ||||||||||||
143 | Fannie Mae, Pool #MA3521 | 4.00 | 11/1/48 | 149 | ||||||||||||
157 | Fannie Mae, Pool #CA0237 | 4.00 | 8/1/47 | 164 | ||||||||||||
38 | Fannie Mae, Pool #AL9742 | 4.00 | 7/1/29 | 39 | ||||||||||||
294 | Fannie Mae, Pool #BK7608 | 4.00 | 9/1/48 | 306 | ||||||||||||
150 | Fannie Mae, Pool #BN0594 | 4.00 | 12/1/48 | 157 | ||||||||||||
93 | Fannie Mae, Pool #AC2995 | 4.00 | 9/1/24 | 97 | ||||||||||||
38 | Fannie Mae, Pool #MA3413 | 4.00 | 7/1/38 | 40 | ||||||||||||
240 | Fannie Mae, Pool #CA1894 | 4.00 | 6/1/48 | 251 | ||||||||||||
74 | Fannie Mae, Pool #MA3244 | 4.00 | 1/1/38 | 78 | ||||||||||||
115 | Fannie Mae, Pool #AS7600 | 4.00 | 7/1/46 | 121 | ||||||||||||
289 | Fannie Mae, Pool #MA3183 | 4.00 | 11/1/47 | 303 | ||||||||||||
38 | Fannie Mae, Pool #MA3216 | 4.00 | 12/1/37 | 40 | ||||||||||||
163 | Fannie Mae, Pool #AS3216 | 4.00 | 9/1/44 | 171 | ||||||||||||
128 | Fannie Mae, Pool #AV2340 | 4.00 | 12/1/43 | 136 | ||||||||||||
30 | Fannie Mae, Pool #AS8576 | 4.50 | 12/1/46 | 32 | ||||||||||||
81 | Fannie Mae, Pool #AB1389 | 4.50 | 8/1/40 | 88 | ||||||||||||
36 | Fannie Mae, Pool #BN0877 | 4.50 | 11/1/48 | 38 | ||||||||||||
397 | Fannie Mae, Pool #AH9055 | 4.50 | 4/1/41 | 431 | ||||||||||||
161 | Fannie Mae, Pool #AI4815 | 4.50 | 6/1/41 | 174 | ||||||||||||
158 | Fannie Mae, Pool #AB3192 | 4.50 | 6/1/41 | 172 | ||||||||||||
320 | Fannie Mae, Pool #MA3639 | 4.50 | 4/1/49 | 339 | ||||||||||||
20 | Fannie Mae, Pool #982892 | 4.50 | 5/1/23 | 20 | ||||||||||||
92 | Fannie Mae, Pool #MA0481 | 4.50 | 8/1/30 | 97 | ||||||||||||
73 | Fannie Mae, Pool #AS1638 | 4.50 | 2/1/44 | 79 | ||||||||||||
31 | Fannie Mae, Pool #AB1470 | 4.50 | 9/1/40 | 34 | ||||||||||||
346 | Fannie Mae, Pool #MA3593 | 4.50 | 2/1/49 | 365 | ||||||||||||
127 | Fannie Mae, Pool #BK5283 | 4.50 | 6/1/48 | 134 | ||||||||||||
58 | Fannie Mae, Pool #BM1285 | 4.50 | 5/1/47 | 63 | ||||||||||||
113 | Fannie Mae, Pool #BE6489 | 4.50 | 1/1/47 | 119 | ||||||||||||
88 | Fannie Mae, Pool #BE5992 | 4.50 | 2/1/47 | 94 | ||||||||||||
6 | Fannie Mae, Pool #AW7048 | 4.50 | 6/1/44 | 7 | ||||||||||||
55 | Fannie Mae, Pool #CA1218 | 4.50 | 2/1/48 | 58 | ||||||||||||
192 | Fannie Mae, Pool #BK1416 | 4.50 | 5/1/48 | 203 | ||||||||||||
192 | Fannie Mae, Pool #MA3184 | 4.50 | 11/1/47 | 205 | ||||||||||||
30 | Fannie Mae, Pool #AU5302 | 4.50 | 10/1/43 | 32 | ||||||||||||
130 | Fannie Mae, Pool #AS8157 | 4.50 | 10/1/46 | 138 | ||||||||||||
31 | Fannie Mae, Pool #AL8816 | 4.50 | 9/1/45 | 33 | ||||||||||||
132 | Fannie Mae, Pool #AL4450 | 4.50 | 12/1/43 | 142 |
See accompanying notes to financial statements.
199
HC CAPITAL TRUST
The U.S. Mortgage/Asset Backed Fixed Income Securities Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Principal Amount (000) | Security Description | Rate % | Maturity Date | Value (000) | ||||||||||||
U.S. Government Agency Mortgages (continued) | ||||||||||||||||
$ | 104 | Fannie Mae, Pool #CA0623 | 4.50 | 10/1/47 | $ | 111 | ||||||||||
83 | Fannie Mae, Pool #AS2276 | 4.50 | 4/1/44 | 89 | ||||||||||||
31 | Fannie Mae, Pool #AH6790 | 4.50 | 3/1/41 | 34 | ||||||||||||
— | Fannie Mae, Pool #AB0339 | 4.50 | 1/1/20 | — | ||||||||||||
33 | Fannie Mae, Pool #AS0861 | 4.50 | 10/1/43 | 35 | ||||||||||||
166 | Fannie Mae, Pool #AD8529 | 4.50 | 8/1/40 | 181 | ||||||||||||
32 | Fannie Mae, Pool #AA9781 | 4.50 | 7/1/24 | 34 | ||||||||||||
258 | Fannie Mae, Pool #CA1711 | 4.50 | 5/1/48 | 274 | ||||||||||||
146 | Fannie Mae, Pool #MA3522 | 4.50 | 11/1/48 | 153 | ||||||||||||
171 | Fannie Mae, Pool #AE0217 | 4.50 | 8/1/40 | 187 | ||||||||||||
25 | Fannie Mae, Pool #AA0860 | 4.50 | 1/1/39 | 27 | ||||||||||||
154 | Fannie Mae, Pool #254954 | 4.50 | 10/1/23 | 159 | ||||||||||||
411 | Fannie Mae, Pool #AH7521 | 4.50 | 3/1/41 | 444 | ||||||||||||
247 | Fannie Mae, Pool #BN4309 | 4.50 | 1/1/49 | 262 | ||||||||||||
414 | Fannie Mae, Pool #AL1107 | 4.50 | 11/1/41 | 448 | ||||||||||||
72 | Fannie Mae, Pool #AL5082 | 4.50 | 3/1/44 | 78 | ||||||||||||
133 | Fannie Mae, Pool #MA3537 | 4.50 | 12/1/48 | 140 | ||||||||||||
33 | Fannie Mae, Pool #BK8830 | 4.50 | 8/1/48 | 35 | ||||||||||||
51 | Fannie Mae, Pool #CA0349 | 5.00 | 9/1/47 | 55 | ||||||||||||
76 | Fannie Mae, Pool #836750 | 5.00 | 10/1/35 | 84 | ||||||||||||
1 | Fannie Mae, Pool #868986 | 5.00 | 5/1/21 | 1 | ||||||||||||
41 | Fannie Mae, Pool #MA3708 | 5.00 | 6/1/49 | 44 | ||||||||||||
65 | Fannie Mae, Pool #AL5788 | 5.00 | 5/1/42 | 72 | ||||||||||||
132 | Fannie Mae, Pool #MA3594 | 5.00 | 2/1/49 | 141 | ||||||||||||
44 | Fannie Mae, Pool #BM3781 | 5.00 | 11/1/30 | 47 | ||||||||||||
61 | Fannie Mae, Pool #AS0837 | 5.00 | 10/1/43 | 65 | ||||||||||||
622 | Fannie Mae, Pool #889117 | 5.00 | 10/1/35 | 690 | ||||||||||||
71 | Fannie Mae, Pool #CA1795 | 5.00 | 5/1/48 | 76 | ||||||||||||
33 | Fannie Mae, Pool #725238 | 5.00 | 3/1/34 | 37 | ||||||||||||
66 | Fannie Mae, Pool #AS0575 | 5.00 | 9/1/43 | 72 | ||||||||||||
109 | Fannie Mae, Pool #AH5988 | 5.00 | 3/1/41 | 120 | ||||||||||||
70 | Fannie Mae, Pool #MA3472 | 5.00 | 9/1/48 | 75 | ||||||||||||
64 | Fannie Mae, Pool #MA3617 | 5.00 | 3/1/49 | 69 | ||||||||||||
56 | Fannie Mae, Pool #MA3527 | 5.00 | 11/1/48 | 59 | ||||||||||||
27 | Fannie Mae, Pool #890603 | 5.00 | 8/1/41 | 30 | ||||||||||||
88 | Fannie Mae, Pool #BM3904 | 5.00 | 5/1/48 | 94 | ||||||||||||
32 | Fannie Mae, Pool #890621 | 5.00 | 5/1/42 | 35 | ||||||||||||
101 | Fannie Mae, Pool #MA3669 | 5.00 | 5/1/49 | 108 | ||||||||||||
9 | Fannie Mae, Pool #909662 | 5.50 | 2/1/22 | 10 | ||||||||||||
959 | Fannie Mae, Pool #890221 | 5.50 | 12/1/33 | 1,087 | ||||||||||||
2 | Fannie Mae, Pool #AL0725 | 5.50 | 6/1/24 | 2 | ||||||||||||
15 | Fannie Mae, Pool #929451 | 5.50 | 5/1/38 | 17 | ||||||||||||
17 | Fannie Mae, Pool #976945 | 5.50 | 2/1/23 | 17 | ||||||||||||
1 | Fannie Mae, Pool #A79636 | 5.50 | 7/1/38 | 1 | ||||||||||||
5 | Fannie Mae, Pool #A69671 | 5.50 | 12/1/37 | 5 | ||||||||||||
578 | Fannie Mae, Pool #725228 | 6.00 | 3/1/34 | 661 | ||||||||||||
135 | Fannie Mae, Pool #889984 | 6.50 | 10/1/38 | 156 | ||||||||||||
225 | Fannie Mae, 15 YR TBA | 2.50 | 2/25/35 | 227 | ||||||||||||
375 | Fannie Mae, 15 YR TBA | 2.50 | 1/25/35 | 378 | ||||||||||||
475 | Fannie Mae, 15 YR TBA | 3.00 | 1/25/35 | 487 | ||||||||||||
75 | Fannie Mae, 15 YR TBA | 3.00 | 2/25/35 | 77 | ||||||||||||
675 | Fannie Mae, 15 YR TBA | 3.50 | 1/25/35 | 700 | ||||||||||||
25 | Fannie Mae, 15 YR TBA | 3.50 | 2/25/35 | 26 | ||||||||||||
125 | Fannie Mae, 15 YR TBA | 4.00 | 1/25/34 | 130 |
See accompanying notes to financial statements.
200
HC CAPITAL TRUST
The U.S. Mortgage/Asset Backed Fixed Income Securities Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Principal Amount (000) | Security Description | Rate % | Maturity Date | Value (000) | ||||||||||||
U.S. Government Agency Mortgages (continued) | ||||||||||||||||
$ | 425 | Fannie Mae, 30 YR TBA | 2.50 | 1/25/50 | $ | 420 | ||||||||||
600 | Fannie Mae, 30 YR TBA | 2.50 | 2/25/50 | 593 | ||||||||||||
3,150 | Fannie Mae, 30 YR TBA | 3.00 | 1/25/49 | 3,194 | ||||||||||||
1,700 | Fannie Mae, 30 YR TBA | 3.00 | 2/25/50 | 1,723 | ||||||||||||
2,925 | Fannie Mae, 30 YR TBA | 3.50 | 1/25/50 | 3,009 | ||||||||||||
200 | Fannie Mae, 30 YR TBA | 3.50 | 2/25/30 | 206 | ||||||||||||
5,075 | Fannie Mae, 30 YR TBA | 4.00 | 1/25/49 | 5,278 | ||||||||||||
75 | Fannie Mae, 30 YR TBA | 4.50 | 2/25/25 | 79 | ||||||||||||
2,125 | Fannie Mae, 30 YR TBA | 4.50 | 1/25/49 | 2,237 | ||||||||||||
50 | Fannie Mae, 30 YR TBA | 5.00 | 1/25/50 | 53 | ||||||||||||
78 | Freddie Mac, Pool #G18634 | 2.00 | 3/1/32 | 78 | ||||||||||||
117 | Freddie Mac, Pool #J25777 | 2.00 | 9/1/28 | 117 | ||||||||||||
34 | Freddie Mac, Pool #J25759 | 2.00 | 8/1/28 | 34 | ||||||||||||
51 | Freddie Mac, Pool #G18547 | 2.00 | 3/1/30 | 51 | ||||||||||||
50 | Freddie Mac, Series K099, Class – A1 | 2.26 | 6/25/29 | 50 | ||||||||||||
41 | Freddie Mac, Pool #G18665 | 2.50 | 11/1/32 | 42 | ||||||||||||
280 | Freddie Mac, Pool #G18680 | 2.50 | 3/1/33 | 282 | ||||||||||||
145 | Freddie Mac, Pool #G18533 | 2.50 | 12/1/29 | 146 | ||||||||||||
12 | Freddie Mac, Pool #J30875 | 2.50 | 3/1/30 | 13 | ||||||||||||
100 | Freddie Mac, Pool #J35643 | 2.50 | 11/1/31 | 101 | ||||||||||||
177 | Freddie Mac, Pool #G18568 | 2.50 | 9/1/30 | 180 | ||||||||||||
131 | Freddie Mac, Pool #J35896 | 2.50 | 12/1/31 | 133 | ||||||||||||
65 | Freddie Mac, Pool #C09026 | 2.50 | 2/1/43 | 65 | ||||||||||||
147 | Freddie Mac, Pool #G18459 | 2.50 | 3/1/28 | 149 | ||||||||||||
167 | Freddie Mac, Pool #G18470 | 2.50 | 6/1/28 | 169 | ||||||||||||
73 | Freddie Mac, Pool #G18485 | 2.50 | 10/1/28 | 74 | ||||||||||||
37 | Freddie Mac, Pool #C91904 | 2.50 | 11/1/36 | 37 | ||||||||||||
282 | Freddie Mac, Pool #J38477 | 2.50 | 2/1/33 | 285 | ||||||||||||
154 | Freddie Mac, Pool #J18954 | 2.50 | 4/1/27 | 157 | ||||||||||||
127 | Freddie Mac, Pool #G18683 | 2.50 | 4/1/33 | 129 | ||||||||||||
147 | Freddie Mac, Pool #J23440 | 2.50 | 4/1/28 | 149 | ||||||||||||
20 | Freddie Mac, Pool #G08755 | 2.50 | 2/1/47 | 20 | ||||||||||||
53 | Freddie Mac, Pool #J25585 | 2.50 | 9/1/28 | 54 | ||||||||||||
184 | Freddie Mac, Pool #J26408 | 2.50 | 11/1/28 | 186 | ||||||||||||
44 | Freddie Mac, Pool #Q42878 | 2.50 | 9/1/46 | 44 | ||||||||||||
86 | Freddie Mac, Pool #G18704 | 2.50 | 6/1/33 | 87 | ||||||||||||
140 | Freddie Mac, Pool #G18635 | 2.50 | 3/1/32 | 142 | ||||||||||||
22 | Freddie Mac, Pool #G08638 | 2.50 | 4/1/45 | 22 | ||||||||||||
25 | Freddie Mac, Pool #G18472 | 2.50 | 7/1/28 | 26 | ||||||||||||
155 | Freddie Mac, Pool #J37902 | 2.50 | 11/1/32 | 157 | ||||||||||||
371 | Freddie Mac, Pool #Q45735 | 3.00 | 1/1/47 | 380 | ||||||||||||
289 | Freddie Mac, Pool #G08635 | 3.00 | 4/1/45 | 296 | ||||||||||||
72 | Freddie Mac, Pool #G18582 | 3.00 | 1/1/31 | 74 | ||||||||||||
294 | Freddie Mac, Pool #G60989 | 3.00 | 12/1/46 | 301 | ||||||||||||
230 | Freddie Mac, Pool #ZM2089 | 3.00 | 11/1/46 | 236 | ||||||||||||
43 | Freddie Mac, Pool #Q18599 | 3.00 | 6/1/43 | 44 | ||||||||||||
261 | Freddie Mac, Pool #G60187 | 3.00 | 8/1/45 | 269 | ||||||||||||
148 | Freddie Mac, Pool #G08732 | 3.00 | 11/1/46 | 151 | ||||||||||||
19 | Freddie Mac, Pool #C91949 | 3.00 | 9/1/37 | 20 | ||||||||||||
160 | Freddie Mac, Pool #G08750 | 3.00 | 3/1/47 | 164 | ||||||||||||
168 | Freddie Mac, Pool #Q44665 | 3.00 | 11/1/46 | 172 | ||||||||||||
55 | Freddie Mac, Pool #G08540 | 3.00 | 8/1/43 | 57 | ||||||||||||
175 | Freddie Mac, Pool #Q46441 | 3.00 | 2/1/47 | 180 | ||||||||||||
18 | Freddie Mac, Pool #C91939 | 3.00 | 6/1/37 | 18 |
See accompanying notes to financial statements.
201
HC CAPITAL TRUST
The U.S. Mortgage/Asset Backed Fixed Income Securities Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Principal Amount (000) | Security Description | Rate % | Maturity Date | Value (000) | ||||||||||||
U.S. Government Agency Mortgages (continued) | ||||||||||||||||
$ | 12 | Freddie Mac, Pool #Q13086 | 3.00 | 11/1/42 | $ | 12 | ||||||||||
82 | Freddie Mac, Pool #J36428 | 3.00 | 2/1/32 | 85 | ||||||||||||
18 | Freddie Mac, Pool #G30999 | 3.00 | 2/1/37 | 18 | ||||||||||||
330 | Freddie Mac, Pool #Q45094 | 3.00 | 12/1/46 | 338 | ||||||||||||
182 | Freddie Mac, Pool #C91581 | 3.00 | 11/1/32 | 187 | ||||||||||||
42 | Freddie Mac, Pool #J38057 | 3.00 | 12/1/32 | 44 | ||||||||||||
202 | Freddie Mac, Pool #G08825 | 3.00 | 6/1/48 | 205 | ||||||||||||
78 | Freddie Mac, Pool #G18715 | 3.00 | 11/1/33 | 80 | ||||||||||||
22 | Freddie Mac, Pool #J14241 | 3.00 | 1/1/26 | 23 | ||||||||||||
305 | Freddie Mac, Pool #G18673 | 3.00 | 1/1/33 | 315 | ||||||||||||
37 | Freddie Mac, Pool #J33135 | 3.00 | 11/1/30 | 38 | ||||||||||||
174 | Freddie Mac, Pool #G08850 | 3.00 | 9/1/48 | 178 | ||||||||||||
99 | Freddie Mac, Pool #C91927 | 3.00 | 5/1/37 | 101 | ||||||||||||
12 | Freddie Mac, Pool #C91809 | 3.00 | 2/1/35 | 12 | ||||||||||||
39 | Freddie Mac, Pool #J38807 | 3.00 | 4/1/33 | 40 | ||||||||||||
246 | Freddie Mac, Pool #J17774 | 3.00 | 1/1/27 | 253 | ||||||||||||
49 | Freddie Mac, Pool #G30945 | 3.00 | 9/1/36 | 50 | ||||||||||||
131 | Freddie Mac, Pool #G18531 | 3.00 | 11/1/29 | 135 | ||||||||||||
159 | Freddie Mac, Pool #C04422 | 3.00 | 12/1/42 | 161 | ||||||||||||
116 | Freddie Mac, Pool #G18677 | 3.00 | 2/1/33 | 119 | ||||||||||||
474 | Freddie Mac, Pool #Q21065 | 3.00 | 8/1/43 | 489 | ||||||||||||
283 | Freddie Mac, Pool #Q16222 | 3.00 | 3/1/43 | 292 | ||||||||||||
38 | Freddie Mac, Pool #C91943 | 3.00 | 7/1/37 | 38 | ||||||||||||
41 | Freddie Mac, Pool #C91969 | 3.00 | 1/1/38 | 42 | ||||||||||||
37 | Freddie Mac, Pool #C91924 | 3.00 | 4/1/37 | 38 | ||||||||||||
273 | Freddie Mac, Pool #Q43734 | 3.00 | 10/1/46 | 280 | ||||||||||||
190 | Freddie Mac, Pool #G18514 | 3.00 | 6/1/29 | 197 | ||||||||||||
155 | Freddie Mac, Pool #G15217 | 3.00 | 11/1/29 | 160 | ||||||||||||
128 | Freddie Mac, Pool #C91724 | 3.00 | 9/1/33 | 132 | ||||||||||||
95 | Freddie Mac, Pool #C91707 | 3.00 | 6/1/33 | 98 | ||||||||||||
88 | Freddie Mac, Pool #C91819 | 3.00 | 4/1/35 | 90 | ||||||||||||
47 | Freddie Mac, Pool #G18575 | 3.00 | 11/1/30 | 49 | ||||||||||||
36 | Freddie Mac, Pool #C91905 | 3.00 | 11/1/36 | 37 | ||||||||||||
124 | Freddie Mac, Pool #G18569 | 3.00 | 9/1/30 | 128 | ||||||||||||
15 | Freddie Mac, Pool #Q18882 | 3.00 | 5/1/43 | 15 | ||||||||||||
316 | Freddie Mac, Pool #G08653 | 3.00 | 7/1/45 | 325 | ||||||||||||
100 | Freddie Mac, Pool #G08648 | 3.00 | 6/1/45 | 103 | ||||||||||||
1,202 | Freddie Mac, Pool #ZS4522 | 3.00 | 7/1/43 | 1,241 | ||||||||||||
27 | Freddie Mac, Pool #C91826 | 3.00 | 5/1/35 | 28 | ||||||||||||
156 | Freddie Mac, Pool #G15145 | 3.00 | 7/1/29 | 161 | ||||||||||||
123 | Freddie Mac, Pool #G08640 | 3.00 | 5/1/45 | 126 | ||||||||||||
424 | Freddie Mac, Pool #ZS4697 | 3.00 | 1/1/47 | 435 | ||||||||||||
89 | Freddie Mac, Pool #ZT2019 | 3.00 | 5/1/34 | 91 | ||||||||||||
87 | Freddie Mac, Pool #Q41795 | 3.00 | 7/1/46 | 89 | ||||||||||||
11 | Freddie Mac, Pool #J17111 | 3.00 | 10/1/26 | 12 | ||||||||||||
67 | Freddie Mac, Pool #C91798 | 3.00 | 12/1/34 | 68 | ||||||||||||
176 | Freddie Mac, Pool #G08783 | 3.00 | 10/1/47 | 181 | ||||||||||||
266 | Freddie Mac, Pool #ZT1323 | 3.00 | 10/1/48 | 272 | ||||||||||||
244 | Freddie Mac, Pool #C04619 | 3.00 | 3/1/43 | 249 | ||||||||||||
37 | Freddie Mac, Pool #G18534 | 3.00 | 12/1/29 | 38 | ||||||||||||
76 | Freddie Mac, Pool #J38675 | 3.00 | 3/1/33 | 79 | ||||||||||||
33 | Freddie Mac, Pool #J29932 | 3.00 | 11/1/29 | 34 | ||||||||||||
222 | Freddie Mac, Pool #C04446 | 3.00 | 1/1/43 | 229 | ||||||||||||
19 | Freddie Mac, Pool #Q39527 | 3.00 | 3/1/46 | 20 |
See accompanying notes to financial statements.
202
HC CAPITAL TRUST
The U.S. Mortgage/Asset Backed Fixed Income Securities Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Principal Amount (000) | Security Description | Rate % | Maturity Date | Value (000) | ||||||||||||
U.S. Government Agency Mortgages (continued) | ||||||||||||||||
$ | 155 | Freddie Mac, Pool #G18518 | 3.00 | 7/1/29 | $ | 160 | ||||||||||
112 | Freddie Mac, Pool #ZS4641 | 3.00 | 12/1/45 | 116 | ||||||||||||
79 | Freddie Mac, Pool #ZS4703 | 3.00 | 2/1/47 | 81 | ||||||||||||
233 | Freddie Mac, Pool #ZS4512 | 3.00 | 5/1/43 | 241 | ||||||||||||
50 | Freddie Mac, Pool #SD8030 | 3.00 | 11/1/49 | 51 | ||||||||||||
384 | Freddie Mac, Pool #G08701 | 3.00 | 4/1/46 | 393 | ||||||||||||
426 | Freddie Mac, Pool #ZS4519 | 3.00 | 6/1/43 | 440 | ||||||||||||
52 | Freddie Mac, Pool #Q19754 | 3.00 | 7/1/43 | 54 | ||||||||||||
225 | Freddie Mac, Pool #ZS4693 | 3.00 | 12/1/46 | 230 | ||||||||||||
150 | Freddie Mac, Pool #Q20067 | 3.00 | 7/1/43 | 155 | ||||||||||||
100 | Freddie Mac, Series K092, Class – A2 | 3.30 | 4/25/29 | 107 | ||||||||||||
268 | Freddie Mac, Pool #MA3057 | 3.50 | 7/1/47 | 279 | ||||||||||||
196 | Freddie Mac, Pool #Q09896 | 3.50 | 8/1/42 | 205 | ||||||||||||
288 | Freddie Mac, Pool #ZS4713 | 3.50 | 4/1/47 | 299 | ||||||||||||
182 | Freddie Mac, Pool #Q53176 | 3.50 | 12/1/47 | 189 | ||||||||||||
56 | Freddie Mac, Pool #C03920 | 3.50 | 5/1/42 | 59 | ||||||||||||
35 | Freddie Mac, Pool #C91940 | 3.50 | 6/1/37 | 37 | ||||||||||||
156 | Freddie Mac, Pool #Q37449 | 3.50 | 11/1/45 | 162 | ||||||||||||
276 | Freddie Mac, Pool #G08681 | 3.50 | 12/1/45 | 288 | ||||||||||||
51 | Freddie Mac, Pool #C92003 | 3.50 | 7/1/38 | 53 | ||||||||||||
77 | Freddie Mac, Pool #G08605 | 3.50 | 9/1/44 | 81 | ||||||||||||
35 | Freddie Mac, Pool #C91742 | 3.50 | 1/1/34 | 36 | ||||||||||||
286 | Freddie Mac, Pool #ZS4651 | 3.50 | 3/1/46 | 299 | ||||||||||||
209 | Freddie Mac, Pool #Q51461 | 3.50 | 10/1/47 | 217 | ||||||||||||
583 | Freddie Mac, Pool #ZM4908 | 3.50 | 11/1/47 | 604 | ||||||||||||
171 | Freddie Mac, Pool #J15105 | 3.50 | 4/1/26 | 178 | ||||||||||||
281 | Freddie Mac, Pool #FM1001 | 3.50 | 11/1/48 | 291 | ||||||||||||
263 | Freddie Mac, Pool #BM2000 | 3.50 | 5/1/49 | 273 | ||||||||||||
79 | Freddie Mac, Pool #G08599 | 3.50 | 8/1/44 | 82 | ||||||||||||
224 | Freddie Mac, Pool #Q20860 | 3.50 | 8/1/43 | 236 | ||||||||||||
225 | Freddie Mac, Pool #ZT1951 | 3.50 | 5/1/49 | 231 | ||||||||||||
133 | Freddie Mac, Pool #G08687 | 3.50 | 1/1/46 | 140 | ||||||||||||
323 | Freddie Mac, Pool #G08562 | 3.50 | 1/1/44 | 340 | ||||||||||||
261 | Freddie Mac, Pool #FM1566 | 3.50 | 11/1/48 | 271 | ||||||||||||
55 | Freddie Mac, Pool #C91950 | 3.50 | 9/1/37 | 57 | ||||||||||||
229 | Freddie Mac, Pool #ZS4630 | 3.50 | 9/1/45 | 239 | ||||||||||||
17 | Freddie Mac, Pool #G14216 | 3.50 | 7/1/21 | 18 | ||||||||||||
29 | Freddie Mac, Pool #G08620 | 3.50 | 12/1/44 | 30 | ||||||||||||
271 | Freddie Mac, Pool #G08761 | 3.50 | 5/1/47 | 281 | ||||||||||||
363 | Freddie Mac, Pool #G08554 | 3.50 | 10/1/43 | 382 | ||||||||||||
120 | Freddie Mac, Pool #G08698 | 3.50 | 3/1/46 | 125 | ||||||||||||
131 | Freddie Mac, Pool #C91403 | 3.50 | 3/1/32 | 137 | ||||||||||||
163 | Freddie Mac, Pool #G18707 | 3.50 | 9/1/33 | 169 | ||||||||||||
384 | Freddie Mac, Pool #G08623 | 3.50 | 1/1/45 | 401 | ||||||||||||
159 | Freddie Mac, Pool #Q08903 | 3.50 | 6/1/42 | 167 | ||||||||||||
141 | Freddie Mac, Pool #C91456 | 3.50 | 6/1/32 | 148 | ||||||||||||
42 | Freddie Mac, Pool #G08792 | 3.50 | 12/1/47 | 43 | ||||||||||||
11 | Freddie Mac, Pool #E02735 | 3.50 | 10/1/25 | 11 | ||||||||||||
107 | Freddie Mac, Pool #Q36040 | 3.50 | 9/1/45 | 113 | ||||||||||||
340 | Freddie Mac, Pool #Q49490 | 3.50 | 7/1/47 | 353 | ||||||||||||
7 | Freddie Mac, Pool #J14232 | 3.50 | 1/1/21 | 8 | ||||||||||||
234 | Freddie Mac, Pool #G08632 | 3.50 | 3/1/45 | 244 | ||||||||||||
231 | Freddie Mac, Pool #G08654 | 3.50 | 7/1/45 | 241 | ||||||||||||
342 | Freddie Mac, Pool #G08627 | 3.50 | 2/1/45 | 357 |
See accompanying notes to financial statements.
203
HC CAPITAL TRUST
The U.S. Mortgage/Asset Backed Fixed Income Securities Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Principal Amount (000) | Security Description | Rate % | Maturity Date | Value (000) | ||||||||||||
U.S. Government Agency Mortgages (continued) | ||||||||||||||||
$ | 251 | Freddie Mac, Pool #G08641 | 3.50 | 5/1/45 | $ | 262 | ||||||||||
328 | Freddie Mac, Pool #ZS4618 | 3.50 | 6/1/45 | 342 | ||||||||||||
111 | Freddie Mac, Pool #ZT0711 | 3.50 | 10/1/48 | 116 | ||||||||||||
238 | Freddie Mac, Pool #ZS4771 | 3.50 | 6/1/48 | 247 | ||||||||||||
389 | Freddie Mac, Pool #G08636 | 3.50 | 4/1/45 | 406 | ||||||||||||
793 | Freddie Mac, Pool #G08495 | 3.50 | 6/1/42 | 833 | ||||||||||||
135 | Freddie Mac, Pool #ZS4759 | 3.50 | 3/1/48 | 140 | ||||||||||||
124 | Freddie Mac, Pool #ZS4663 | 3.50 | 5/1/46 | 130 | ||||||||||||
23 | Freddie Mac, Pool #Q55002 | 3.50 | 3/1/48 | 24 | ||||||||||||
58 | Freddie Mac, Pool #J26144 | 3.50 | 10/1/23 | 60 | ||||||||||||
110 | Freddie Mac, Pool #Q58422 | 3.50 | 9/1/48 | 115 | ||||||||||||
166 | Freddie Mac, Pool #ZA5128 | 3.50 | 12/1/47 | 171 | ||||||||||||
57 | Freddie Mac, Pool #Q31134 | 3.50 | 2/1/45 | 59 | ||||||||||||
305 | Freddie Mac, Pool #G61148 | 3.50 | 9/1/47 | 316 | ||||||||||||
408 | Freddie Mac, Pool #G08804 | 3.50 | 3/1/48 | 424 | ||||||||||||
219 | Freddie Mac, Pool #Q57871 | 3.50 | 8/1/48 | 227 | ||||||||||||
58 | Freddie Mac, Pool #G30776 | 3.50 | 7/1/35 | 60 | ||||||||||||
155 | Freddie Mac, Pool #G08846 | 3.50 | 11/1/48 | 161 | ||||||||||||
117 | Freddie Mac, Pool #Q06749 | 3.50 | 3/1/42 | 122 | ||||||||||||
106 | Freddie Mac, Pool #Q04087 | 3.50 | 10/1/41 | 112 | ||||||||||||
13 | Freddie Mac, Pool #C91760 | 3.50 | 5/1/34 | 14 | ||||||||||||
126 | Freddie Mac, Pool #G08813 | 3.50 | 5/1/48 | 131 | ||||||||||||
151 | Freddie Mac, Pool #Q08998 | 3.50 | 6/1/42 | 158 | ||||||||||||
119 | Freddie Mac, Pool #G08733 | 3.50 | 11/1/46 | 125 | ||||||||||||
109 | Freddie Mac, Pool #G08702 | 3.50 | 4/1/46 | 114 | ||||||||||||
100 | Freddie Mac, Pool #Q12052 | 3.50 | 10/1/42 | 105 | ||||||||||||
17 | Freddie Mac, Pool #C91925 | 3.50 | 4/1/37 | 18 | ||||||||||||
53 | Freddie Mac, Pool #J27494 | 3.50 | 2/1/29 | 55 | ||||||||||||
422 | Freddie Mac, Pool #G08766 | 3.50 | 6/1/47 | 438 | ||||||||||||
180 | Freddie Mac, Pool #SB0031 | 3.50 | 10/1/27 | 186 | ||||||||||||
67 | Freddie Mac, Pool #J13582 | 3.50 | 11/1/25 | 69 | ||||||||||||
250 | Freddie Mac, Series K091, Class – A2 | 3.51 | 3/25/29 | 270 | ||||||||||||
60 | Freddie Mac, Pool #G08483 | 4.00 | 3/1/42 | 64 | ||||||||||||
38 | Freddie Mac, Pool #C91994 | 4.00 | 5/1/38 | 40 | ||||||||||||
186 | Freddie Mac, Pool #Q24955 | 4.00 | 2/1/44 | 200 | ||||||||||||
219 | Freddie Mac, Pool #G06506 | 4.00 | 12/1/40 | 235 | ||||||||||||
129 | Freddie Mac, Pool #C09070 | 4.00 | 12/1/44 | 137 | ||||||||||||
66 | Freddie Mac, Pool #C91765 | 4.00 | 6/1/34 | 71 | ||||||||||||
775 | Freddie Mac, Pool #A96286 | 4.00 | 1/1/41 | 828 | ||||||||||||
168 | Freddie Mac, Pool #G08616 | 4.00 | 11/1/44 | 178 | ||||||||||||
133 | Freddie Mac, Pool #G08459 | 4.00 | 9/1/41 | 142 | ||||||||||||
259 | Freddie Mac, Pool #FM1571 | 4.00 | 12/1/48 | 270 | ||||||||||||
46 | Freddie Mac, Pool #G08672 | 4.00 | 10/1/45 | 49 | ||||||||||||
129 | Freddie Mac, Pool #Q27594 | 4.00 | 8/1/44 | 137 | ||||||||||||
80 | Freddie Mac, Pool #G08601 | 4.00 | 8/1/44 | 85 | ||||||||||||
169 | Freddie Mac, Pool #ZN5030 | 4.00 | 4/1/49 | 176 | ||||||||||||
70 | Freddie Mac, Pool #Q34081 | 4.00 | 6/1/45 | 74 | ||||||||||||
229 | Freddie Mac, Pool #ZS4631 | 4.00 | 9/1/45 | 242 | ||||||||||||
273 | Freddie Mac, Pool #ZT2106 | 4.00 | 3/1/49 | 284 | ||||||||||||
171 | Freddie Mac, Pool #G08588 | 4.00 | 5/1/44 | 183 | ||||||||||||
19 | Freddie Mac, Pool #G08633 | 4.00 | 3/1/45 | 20 | ||||||||||||
100 | Freddie Mac, Pool #G08637 | 4.00 | 4/1/45 | 106 | ||||||||||||
260 | Freddie Mac, Pool #MA3563 | 4.00 | 1/1/49 | 270 | ||||||||||||
11 | Freddie Mac, Pool #G08642 | 4.00 | 5/1/45 | 12 |
See accompanying notes to financial statements.
204
HC CAPITAL TRUST
The U.S. Mortgage/Asset Backed Fixed Income Securities Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Principal Amount (000) | Security Description | Rate % | Maturity Date | Value (000) | ||||||||||||
U.S. Government Agency Mortgages (continued) | ||||||||||||||||
$ | 50 | Freddie Mac, Pool #ZT1800 | 4.00 | 3/1/34 | $ | 52 | ||||||||||
71 | Freddie Mac, Pool #C91738 | 4.00 | 11/1/33 | 75 | ||||||||||||
152 | Freddie Mac, Pool #G08618 | 4.00 | 12/1/44 | 162 | ||||||||||||
160 | Freddie Mac, Pool #G08767 | 4.00 | 6/1/47 | 168 | ||||||||||||
15 | Freddie Mac, Pool #C91923 | 4.00 | 3/1/37 | 16 | ||||||||||||
328 | Freddie Mac, Pool #ZS4708 | 4.00 | 3/1/47 | 345 | ||||||||||||
219 | Freddie Mac, Pool #G08785 | 4.00 | 10/1/47 | 230 | ||||||||||||
193 | Freddie Mac, Pool #ZT1320 | 4.00 | 11/1/48 | 201 | ||||||||||||
264 | Freddie Mac, Pool #ZS4627 | 4.00 | 8/1/45 | 280 | ||||||||||||
137 | Freddie Mac, Pool #G08831 | 4.00 | 8/1/48 | 143 | ||||||||||||
139 | Freddie Mac, Pool #G08567 | 4.00 | 1/1/44 | 148 | ||||||||||||
163 | Freddie Mac, Pool #ZS4573 | 4.00 | 7/1/44 | 173 | ||||||||||||
249 | Freddie Mac, Pool #FM1415 | 4.00 | 12/1/48 | 263 | ||||||||||||
5 | Freddie Mac, Pool #J12238 | 4.00 | 5/1/20 | 5 | ||||||||||||
282 | Freddie Mac, Pool #ZA4988 | 4.00 | 8/1/47 | 295 | ||||||||||||
110 | Freddie Mac, Pool #Q58680 | 4.00 | 9/1/48 | 115 | ||||||||||||
171 | Freddie Mac, Pool # ZT1840 | 4.00 | 9/1/48 | 178 | ||||||||||||
64 | Freddie Mac, Pool #G14453 | 4.00 | 6/1/26 | 67 | ||||||||||||
143 | Freddie Mac, Pool #G08836 | 4.00 | 9/1/48 | 148 | ||||||||||||
10 | Freddie Mac, Pool #Q27456 | 4.00 | 7/1/44 | 10 | ||||||||||||
36 | Freddie Mac, Pool #C92019 | 4.00 | 10/1/38 | 38 | ||||||||||||
273 | Freddie Mac, Pool #ZS4731 | 4.00 | 8/1/47 | 288 | ||||||||||||
15 | Freddie Mac, Pool #J12435 | 4.00 | 6/1/25 | 16 | ||||||||||||
20 | Freddie Mac, Pool #C09059 | 4.50 | 3/1/44 | 21 | ||||||||||||
137 | Freddie Mac, Pool #ZT1321 | 4.50 | 11/1/48 | 145 | ||||||||||||
20 | Freddie Mac, Pool #A90437 | 4.50 | 1/1/40 | 21 | ||||||||||||
40 | Freddie Mac, Pool #Q22671 | 4.50 | 11/1/43 | 42 | ||||||||||||
10 | Freddie Mac, Pool #E02862 | 4.50 | 3/1/26 | 11 | ||||||||||||
15 | Freddie Mac, Pool #J07849 | 4.50 | 5/1/23 | 15 | ||||||||||||
167 | Freddie Mac, Pool #G08759 | 4.50 | 4/1/47 | 178 | ||||||||||||
46 | Freddie Mac, Pool #G08781 | 4.50 | 9/1/47 | 49 | ||||||||||||
96 | Freddie Mac, Pool #G08754 | 4.50 | 3/1/47 | 103 | ||||||||||||
144 | Freddie Mac, Pool #Q59805 | 4.50 | 11/1/48 | 152 | ||||||||||||
1,426 | Freddie Mac, Pool #A97692 | 4.50 | 3/1/41 | 1,546 | ||||||||||||
47 | Freddie Mac, Pool #G60512 | 4.50 | 12/1/45 | 51 | ||||||||||||
33 | Freddie Mac, Pool #Q49599 | 4.50 | 7/1/47 | 35 | ||||||||||||
39 | Freddie Mac, Pool #G08596 | 4.50 | 7/1/44 | 42 | ||||||||||||
141 | Freddie Mac, Pool #ZS4774 | 4.50 | 5/1/48 | 149 | ||||||||||||
157 | Freddie Mac, Pool #Q57957 | 4.50 | 8/1/48 | 166 | ||||||||||||
124 | Freddie Mac, Pool #A97495 | 4.50 | 3/1/41 | 134 | ||||||||||||
358 | Freddie Mac, Pool #ZT1711 | 4.50 | 2/1/49 | 377 | ||||||||||||
19 | Freddie Mac, Pool #Q25432 | 4.50 | 3/1/44 | 20 | ||||||||||||
131 | Freddie Mac, Pool #ZS4781 | 4.50 | 7/1/48 | 138 | ||||||||||||
206 | Freddie Mac, Pool #Q00763 | 5.00 | 5/1/41 | 228 | ||||||||||||
27 | Freddie Mac, Pool #G13255 | 5.00 | 7/1/23 | 28 | ||||||||||||
459 | Freddie Mac, Pool #C01598 | 5.00 | 8/1/33 | 499 | ||||||||||||
13 | Freddie Mac, Pool #G07068 | 5.00 | 7/1/41 | 14 | ||||||||||||
327 | Freddie Mac, Pool #ZT1779 | 5.00 | 3/1/49 | 343 | ||||||||||||
205 | Freddie Mac, Pool #G04913 | 5.00 | 3/1/38 | 227 | ||||||||||||
32 | Freddie Mac, Pool #G08838 | 5.00 | 9/1/48 | 34 | ||||||||||||
31 | Freddie Mac, Pool #G05205 | 5.00 | 1/1/39 | 33 | ||||||||||||
65 | Freddie Mac, Pool #G06031 | 5.50 | 3/1/40 | 73 | ||||||||||||
426 | Freddie Mac, Pool #G01665 | 5.50 | 3/1/34 | 483 | ||||||||||||
3 | Freddie Mac, Pool #G06091 | 5.50 | 5/1/40 | 3 |
See accompanying notes to financial statements.
205
HC CAPITAL TRUST
The U.S. Mortgage/Asset Backed Fixed Income Securities Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Principal Amount (000) | Security Description | Rate % | Maturity Date | Value (000) | ||||||||||||
U.S. Government Agency Mortgages (continued) | ||||||||||||||||
$ | 244 | Freddie Mac, Pool #G02794 | 6.00 | 5/1/37 | $ | 280 | ||||||||||
12 | Freddie Mac, Pool #A62706 | 6.00 | 6/1/37 | 13 | ||||||||||||
31 | Freddie Mac, Pool #G05709 | 6.00 | 6/1/38 | 35 | ||||||||||||
50 | Freddie Mac, Pool #G03551 | 6.00 | 11/1/37 | 57 | ||||||||||||
15 | Government National Mortgage Association, Pool #MA2890 | 2.50 | 6/20/45 | 15 | ||||||||||||
22 | Government National Mortgage Association, Pool #776954 | 2.50 | 11/15/42 | 22 | ||||||||||||
33 | Government National Mortgage Association, Pool #MA0908 | 2.50 | 4/20/28 | 34 | ||||||||||||
32 | Government National Mortgage Association, Pool #MA1133 | 2.50 | 7/20/28 | 33 | ||||||||||||
13 | Government National Mortgage Association, Pool #711729 | 2.50 | 3/15/43 | 13 | ||||||||||||
17 | Government National Mortgage Association, Pool #MA4355 | 2.50 | 4/20/32 | 17 | ||||||||||||
37 | Government National Mortgage Association, Pool #MA4194 | 2.50 | 1/20/47 | 37 | ||||||||||||
58 | Government National Mortgage Association, Pool #MA0601 | 2.50 | 12/20/27 | 59 | ||||||||||||
56 | Government National Mortgage Association, Pool #MA4067 | 2.50 | 11/20/46 | 56 | ||||||||||||
39 | Government National Mortgage Association, Pool #MA4717 | 2.50 | 9/20/47 | 39 | ||||||||||||
34 | Government National Mortgage Association, Pool #MA4424 | 2.50 | 5/20/32 | 34 | ||||||||||||
69 | Government National Mortgage Association, Pool #MA1283 | 2.50 | 9/20/43 | 69 | ||||||||||||
57 | Government National Mortgage Association, Pool #AA8341 | 2.50 | 2/15/28 | 59 | ||||||||||||
125 | Government National Mortgage Association, Pool #MA4125 | 2.50 | 12/20/46 | 125 | ||||||||||||
351 | Government National Mortgage Association, Pool #MA4509 | 3.00 | 6/20/47 | 361 | ||||||||||||
191 | Government National Mortgage Association, Pool #MA3873 | 3.00 | 8/20/46 | 197 | ||||||||||||
74 | Government National Mortgage Association, Pool #MA3243 | 3.00 | 11/20/45 | 76 | ||||||||||||
65 | Government National Mortgage Association, Pool #MA2600 | 3.00 | 2/20/45 | 67 | ||||||||||||
21 | Government National Mortgage Association, Pool #MA1890 | 3.00 | 5/20/29 | 21 | ||||||||||||
33 | Government National Mortgage Association, Pool #MA2797 | 3.00 | 5/20/30 | 34 | ||||||||||||
108 | Government National Mortgage Association, Pool #MA4068 | 3.00 | 11/20/46 | 111 | ||||||||||||
18 | Government National Mortgage Association, Pool #MA4935 | 3.00 | 1/20/33 | 18 | ||||||||||||
222 | Government National Mortgage Association, Pool #MA3596 | 3.00 | 4/20/46 | 229 | ||||||||||||
30 | Government National Mortgage Association, Pool #AK7285 | 3.00 | 3/15/45 | 31 | ||||||||||||
217 | Government National Mortgage Association, Pool #MA3033 | 3.00 | 8/20/45 | 224 | ||||||||||||
264 | Government National Mortgage Association, Pool #MA2147 | 3.00 | 8/20/44 | 273 | ||||||||||||
165 | Government National Mortgage Association, Pool #MA2960 | 3.00 | 7/20/45 | 171 | ||||||||||||
43 | Government National Mortgage Association, Pool #AG0440 | 3.00 | 8/15/43 | 44 | ||||||||||||
243 | Government National Mortgage Association, Pool #AD8433 | 3.00 | 7/15/43 | 249 | ||||||||||||
12 | Government National Mortgage Association, Pool #5276 | 3.00 | 1/20/27 | 13 | ||||||||||||
170 | Government National Mortgage Association, Pool #MA2825 | 3.00 | 5/20/45 | 175 | ||||||||||||
197 | Government National Mortgage Association, Pool #AA6149 | 3.00 | 3/20/43 | 205 | ||||||||||||
76 | Government National Mortgage Association, Pool #MA0851 | 3.00 | 3/20/43 | 78 | ||||||||||||
320 | Government National Mortgage Association, Pool #MA0391 | 3.00 | 9/20/42 | 331 | ||||||||||||
136 | Government National Mortgage Association, Pool #MA2753 | 3.00 | 4/20/45 | 141 | ||||||||||||
106 | Government National Mortgage Association, Pool #779084 | 3.00 | 4/15/42 | 109 | ||||||||||||
178 | Government National Mortgage Association, Pool #MA0461 | 3.00 | 10/20/42 | 183 | ||||||||||||
234 | Government National Mortgage Association, Pool #MA3662 | 3.00 | 5/20/46 | 242 | ||||||||||||
1,127 | Government National Mortgage Association, Pool #MA0624 | 3.00 | 12/20/42 | 1,166 | ||||||||||||
204 | Government National Mortgage Association, Pool #MA1374 | 3.00 | 10/20/43 | 211 | ||||||||||||
103 | Government National Mortgage Association, Pool #AA2654 | 3.00 | 6/15/43 | 106 | ||||||||||||
169 | Government National Mortgage Association, Pool #MA3104 | 3.00 | 9/20/45 | 175 | ||||||||||||
64 | Government National Mortgage Association, Pool #MA4559 | 3.00 | 7/20/32 | 66 | ||||||||||||
29 | Government National Mortgage Association, Pool #AN5756 | 3.00 | 7/15/45 | 30 | ||||||||||||
427 | Government National Mortgage Association, Pool #MA3936 | 3.00 | 9/20/46 | 441 | ||||||||||||
276 | Government National Mortgage Association, Pool #MA4450 | 3.00 | 5/20/47 | 285 | ||||||||||||
672 | Government National Mortgage Association, Pool #MA5076 | 3.00 | 3/20/48 | 690 | ||||||||||||
284 | Government National Mortgage Association, Pool #MA2520 | 3.00 | 1/20/45 | 293 | ||||||||||||
312 | Government National Mortgage Association, Pool #MA4777 | 3.00 | 10/20/47 | 322 | ||||||||||||
60 | Government National Mortgage Association, Pool #MA1265 | 3.00 | 9/20/28 | 62 |
See accompanying notes to financial statements.
206
HC CAPITAL TRUST
The U.S. Mortgage/Asset Backed Fixed Income Securities Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Principal Amount (000) | Security Description | Rate % | Maturity Date | Value (000) | ||||||||||||
U.S. Government Agency Mortgages (continued) | ||||||||||||||||
$ | 622 | Government National Mortgage Association, Pool #MA4899 | 3.00 | 12/20/47 | $ | 642 | ||||||||||
80 | Government National Mortgage Association, Pool #MA4836 | 3.00 | 11/20/47 | 82 | ||||||||||||
15 | Government National Mortgage Association, Pool #AL5058 | 3.00 | 3/15/45 | 15 | ||||||||||||
152 | Government National Mortgage Association, Pool #MA3172 | 3.00 | 10/20/45 | 157 | ||||||||||||
209 | Government National Mortgage Association, Pool #MA4381 | 3.00 | 4/20/47 | 215 | ||||||||||||
76 | Government National Mortgage Association, Pool #MA3520 | 3.00 | 3/20/46 | 78 | ||||||||||||
264 | Government National Mortgage Association, Pool #MA3802 | 3.00 | 7/20/46 | 273 | ||||||||||||
205 | Government National Mortgage Association, Pool #MA4320 | 3.00 | 3/20/47 | 212 | ||||||||||||
208 | Government National Mortgage Association, Pool #MA4195 | 3.00 | 1/20/47 | 214 | ||||||||||||
198 | Government National Mortgage Association, Pool #MA0153 | 3.00 | 6/20/42 | 205 | ||||||||||||
401 | Government National Mortgage Association, Pool #MA4651 | 3.00 | 8/20/47 | 414 | ||||||||||||
315 | Government National Mortgage Association, Pool #MA5018 | 3.00 | 2/20/48 | 323 | ||||||||||||
609 | Government National Mortgage Association, Pool #MA4126 | 3.00 | 12/20/46 | 628 | ||||||||||||
470 | Government National Mortgage Association, Pool # MA4003 | 3.00 | 10/20/46 | 486 | ||||||||||||
475 | Government National Mortgage Association, Pool #MA3735 | 3.00 | 6/20/46 | 491 | ||||||||||||
23 | Government National Mortgage Association, Pool #AA2934 | 3.00 | 7/15/42 | 24 | ||||||||||||
181 | Government National Mortgage Association, Pool #MA2444 | 3.00 | 12/20/44 | 187 | ||||||||||||
66 | Government National Mortgage Association, Pool #MA0205 | 3.00 | 7/20/27 | 68 | ||||||||||||
192 | Government National Mortgage Association, Pool #MA3309 | 3.00 | 12/20/45 | 198 | ||||||||||||
247 | Government National Mortgage Association, Pool #AM4971 | 3.50 | 4/20/45 | 260 | ||||||||||||
102 | Government National Mortgage Association, Pool #778157 | 3.50 | 3/15/42 | 108 | ||||||||||||
125 | Government National Mortgage Association, Pool #MA2371 | 3.50 | 11/20/44 | 131 | ||||||||||||
109 | Government National Mortgage Association, Pool #MA1919 | 3.50 | 5/20/44 | 114 | ||||||||||||
295 | Government National Mortgage Association, Pool #MA4127 | 3.50 | 12/20/46 | 308 | ||||||||||||
398 | Government National Mortgage Association, Pool #MA4719 | 3.50 | 9/20/47 | 412 | ||||||||||||
294 | Government National Mortgage Association, Pool #MA4652 | 3.50 | 8/20/47 | 306 | ||||||||||||
217 | Government National Mortgage Association, Pool #MA4586 | 3.50 | 7/20/47 | 226 | ||||||||||||
161 | Government National Mortgage Association, Pool #MA2754 | 3.50 | 4/20/45 | 168 | ||||||||||||
309 | Government National Mortgage Association, Pool #MA3034 | 3.50 | 8/20/45 | 322 | ||||||||||||
529 | Government National Mortgage Association, Pool #MA5136 | 3.50 | 4/20/48 | 546 | ||||||||||||
209 | Government National Mortgage Association, Pool #MA3663 | 3.50 | 5/20/46 | 217 | ||||||||||||
384 | Government National Mortgage Association, Pool #MA4196 | 3.50 | 1/20/47 | 400 | ||||||||||||
239 | Government National Mortgage Association, Pool #MA4069 | 3.50 | 11/20/46 | 250 | ||||||||||||
250 | Government National Mortgage Association, Pool #MA2892 | 3.50 | 6/20/45 | 261 | ||||||||||||
263 | Government National Mortgage Association, Pool #MA4004 | 3.50 | 10/20/46 | 273 | ||||||||||||
356 | Government National Mortgage Association, Pool #MA5816 | 3.50 | 3/20/49 | 367 | ||||||||||||
135 | Government National Mortgage Association, Pool #MA4451 | 3.50 | 5/20/47 | 140 | ||||||||||||
397 | Government National Mortgage Association, Pool #MA4837 | 3.50 | 11/20/47 | 413 | ||||||||||||
212 | Government National Mortgage Association, Pool #MA4778 | 3.50 | 10/20/47 | 220 | ||||||||||||
403 | Government National Mortgage Association, Pool #MA4962 | 3.50 | 1/20/48 | 419 | ||||||||||||
304 | Government National Mortgage Association, Pool #MA4900 | 3.50 | 12/20/47 | 316 | ||||||||||||
655 | Government National Mortgage Association, Pool #MA5762 | 3.50 | 2/20/49 | 677 | ||||||||||||
375 | Government National Mortgage Association, Pool #MA5875 | 3.50 | 4/20/49 | 386 | ||||||||||||
119 | Government National Mortgage Association, Pool #AC3938 | 3.50 | 1/15/43 | 124 | ||||||||||||
31 | Government National Mortgage Association, Pool #796271 | 3.50 | 7/15/42 | 33 | ||||||||||||
183 | Government National Mortgage Association, Pool #MA0022 | 3.50 | 4/20/42 | 193 | ||||||||||||
191 | Government National Mortgage Association, Pool #MA3736 | 3.50 | 6/20/46 | 200 | ||||||||||||
232 | Government National Mortgage Association, Pool #MA3937 | 3.50 | 9/20/46 | 242 | ||||||||||||
278 | Government National Mortgage Association, Pool #MA3244 | 3.50 | 11/20/45 | 290 | ||||||||||||
569 | Government National Mortgage Association, Pool #MA2148 | 3.50 | 8/20/44 | 596 | ||||||||||||
408 | Government National Mortgage Association, Pool #MA2073 | 3.50 | 7/20/44 | 427 | ||||||||||||
24 | Government National Mortgage Association, Pool #MA1574 | 3.50 | 1/20/29 | 25 | ||||||||||||
305 | Government National Mortgage Association, Pool #MA1090 | 3.50 | 6/20/43 | 321 | ||||||||||||
159 | Government National Mortgage Association, Pool #MA0699 | 3.50 | 1/20/43 | 168 |
See accompanying notes to financial statements.
207
HC CAPITAL TRUST
The U.S. Mortgage/Asset Backed Fixed Income Securities Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Principal Amount (000) | Security Description | Rate % | Maturity Date | Value (000) | ||||||||||||
U.S. Government Agency Mortgages (continued) | ||||||||||||||||
$ | 140 | Government National Mortgage Association, Pool #MA3454 | 3.50 | 2/20/46 | $ | 147 | ||||||||||
184 | Government National Mortgage Association, Pool #MA2961 | 3.50 | 7/20/45 | 192 | ||||||||||||
59 | Government National Mortgage Association, Pool #738602 | 3.50 | 8/15/26 | 61 | ||||||||||||
187 | Government National Mortgage Association, Pool #MA3310 | 3.50 | 12/20/45 | 195 | ||||||||||||
210 | Government National Mortgage Association, Pool #MA4510 | 3.50 | 6/20/47 | 218 | ||||||||||||
222 | Government National Mortgage Association, Pool #MA3803 | 3.50 | 7/20/46 | 231 | ||||||||||||
590 | Government National Mortgage Association, Pool #MA0220 | 3.50 | 7/20/42 | 621 | ||||||||||||
313 | Government National Mortgage Association, Pool #MA1157 | 3.50 | 7/20/43 | 329 | ||||||||||||
232 | Government National Mortgage Association, Pool #MA2678 | 3.50 | 3/20/45 | 242 | ||||||||||||
52 | Government National Mortgage Association, Pool #AD2416 | 3.50 | 5/15/43 | 54 | ||||||||||||
209 | Government National Mortgage Association, Pool #MA5263 | 3.50 | 6/20/48 | 216 | ||||||||||||
159 | Government National Mortgage Association, Pool #783976 | 3.50 | 4/20/43 | 166 | ||||||||||||
14 | Government National Mortgage Association, Pool #MA1266 | 3.50 | 9/20/28 | 14 | ||||||||||||
128 | Government National Mortgage Association, Pool #MA1838 | 3.50 | 4/20/44 | 134 | ||||||||||||
230 | Government National Mortgage Association, Pool #MA0088 | 3.50 | 5/20/42 | 242 | ||||||||||||
347 | Government National Mortgage Association, Pool #MA3521 | 3.50 | 3/20/46 | 361 | ||||||||||||
252 | Government National Mortgage Association, Pool #MA3597 | 3.50 | 4/20/46 | 261 | ||||||||||||
275 | Government National Mortgage Association, Pool #MA0934 | 3.50 | 4/20/43 | 289 | ||||||||||||
361 | Government National Mortgage Association, Pool #MA3173 | 3.50 | 10/20/45 | 377 | ||||||||||||
250 | Government National Mortgage Association, Pool #MA2303 | 3.50 | 10/20/44 | 262 | ||||||||||||
16 | Government National Mortgage Association, Pool #AL8566 | 3.50 | 3/15/45 | 17 | ||||||||||||
56 | Government National Mortgage Association, Pool #AD2954 | 3.50 | 7/15/44 | 59 | ||||||||||||
249 | Government National Mortgage Association, Pool #MA3376 | 3.50 | 1/20/46 | 260 | ||||||||||||
67 | Government National Mortgage Association, Pool #740798 | 3.50 | 1/15/42 | 70 | ||||||||||||
257 | Government National Mortgage Association, Pool #MA4262 | 3.50 | 2/20/47 | 268 | ||||||||||||
324 | Government National Mortgage Association, Pool #MA0462 | 3.50 | 10/20/42 | 341 | ||||||||||||
291 | Government National Mortgage Association, Pool #MA4321 | 3.50 | 3/20/47 | 303 | ||||||||||||
146 | Government National Mortgage Association, Pool #MA2445 | 3.50 | 12/20/44 | 153 | ||||||||||||
101 | Government National Mortgage Association, Pool #BD5909 | 3.50 | 10/15/47 | 105 | ||||||||||||
314 | Government National Mortgage Association, Pool #MA4382 | 3.50 | 4/20/47 | 327 | ||||||||||||
199 | Government National Mortgage Association, Pool #MA3874 | 3.50 | 8/20/46 | 208 | ||||||||||||
271 | Government National Mortgage Association, Pool #MA0852 | 3.50 | 3/20/43 | 285 | ||||||||||||
372 | Government National Mortgage Association, Pool #MA4452 | 4.00 | 5/20/47 | 390 | ||||||||||||
225 | Government National Mortgage Association, Pool #MA4383 | 4.00 | 4/20/47 | 235 | ||||||||||||
146 | Government National Mortgage Association, Pool #MA1376 | 4.00 | 10/20/43 | 154 | ||||||||||||
27 | Government National Mortgage Association, Pool #MA3174 | 4.00 | 10/20/45 | 29 | ||||||||||||
141 | Government National Mortgage Association, Pool #MA3377 | 4.00 | 1/20/46 | 149 | ||||||||||||
92 | Government National Mortgage Association, Pool #MA3737 | 4.00 | 6/20/46 | 97 | ||||||||||||
433 | Government National Mortgage Association, Pool #MA4587 | 4.00 | 7/20/47 | 453 | ||||||||||||
157 | Government National Mortgage Association, Pool #MA3598 | 4.00 | 4/20/46 | 166 | ||||||||||||
70 | Government National Mortgage Association, Pool #MA5330 | 4.00 | 7/20/48 | 72 | ||||||||||||
112 | Government National Mortgage Association, Pool #MA1678 | 4.00 | 2/20/44 | 118 | ||||||||||||
50 | Government National Mortgage Association, Pool #MA3455 | 4.00 | 2/20/46 | 52 | ||||||||||||
250 | Government National Mortgage Association, Pool #MA4653 | 4.00 | 8/20/47 | 262 | ||||||||||||
140 | Government National Mortgage Association, Pool #713876 | 4.00 | 8/15/39 | 148 | ||||||||||||
31 | Government National Mortgage Association, Pool #4922 | 4.00 | 1/20/41 | 32 | ||||||||||||
54 | Government National Mortgage Association, Pool #738710 | 4.00 | 9/15/41 | 57 | ||||||||||||
77 | Government National Mortgage Association, Pool #MA1286 | 4.00 | 9/20/43 | 82 | ||||||||||||
46 | Government National Mortgage Association, Pool #MA3106 | 4.00 | 9/20/45 | 48 | ||||||||||||
51 | Government National Mortgage Association, Pool #MA0155 | 4.00 | 6/20/42 | 55 | ||||||||||||
281 | Government National Mortgage Association, Pool #MA5876 | 4.00 | 4/20/49 | 291 | ||||||||||||
76 | Government National Mortgage Association, Pool #MA3245 | 4.00 | 11/20/45 | 80 | ||||||||||||
214 | Government National Mortgage Association, Pool #MA2074 | 4.00 | 7/20/44 | 225 | ||||||||||||
83 | Government National Mortgage Association, Pool #AB1483 | 4.00 | 8/15/42 | 86 |
See accompanying notes to financial statements.
208
HC CAPITAL TRUST
The U.S. Mortgage/Asset Backed Fixed Income Securities Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Principal Amount (000) | Security Description | Rate % | Maturity Date | Value (000) | ||||||||||||
U.S. Government Agency Mortgages (continued) | ||||||||||||||||
$ | 81 | Government National Mortgage Association, Pool #AD5627 | 4.00 | 4/15/43 | $ | 85 | ||||||||||
146 | Government National Mortgage Association, Pool #MA1449 | 4.00 | 11/20/43 | 155 | ||||||||||||
37 | Government National Mortgage Association, Pool #753254 | 4.00 | 9/15/43 | 40 | ||||||||||||
60 | Government National Mortgage Association, Pool #AM8203 | 4.00 | 5/15/45 | 63 | ||||||||||||
25 | Government National Mortgage Association, Pool #766495 | 4.00 | 10/15/41 | 26 | ||||||||||||
84 | Government National Mortgage Association, Pool #MA2602 | 4.00 | 2/20/45 | 87 | ||||||||||||
185 | Government National Mortgage Association, Pool #MA1761 | 4.00 | 3/20/44 | 195 | ||||||||||||
99 | Government National Mortgage Association, Pool #MA6040 | 4.00 | 7/20/49 | 103 | ||||||||||||
70 | Government National Mortgage Association, Pool #MA2149 | 4.00 | 8/20/44 | 73 | ||||||||||||
42 | Government National Mortgage Association, Pool #740068 | 4.00 | 9/15/40 | 44 | ||||||||||||
314 | Government National Mortgage Association, Pool #MA5595 | 4.00 | 11/20/48 | 326 | ||||||||||||
267 | Government National Mortgage Association, Pool #MA5710 | 4.00 | 1/20/49 | 277 | ||||||||||||
159 | Government National Mortgage Association, Pool #MA2304 | 4.00 | 10/20/44 | 165 | ||||||||||||
233 | Government National Mortgage Association, Pool #MA4511 | 4.00 | 6/20/47 | 244 | ||||||||||||
126 | Government National Mortgage Association, Pool #MA2522 | 4.00 | 1/20/45 | 131 | ||||||||||||
80 | Government National Mortgage Association, Pool #MA1996 | 4.00 | 6/20/44 | 85 | ||||||||||||
220 | Government National Mortgage Association, Pool #MA1839 | 4.00 | 4/20/44 | 233 | ||||||||||||
152 | Government National Mortgage Association, Pool #MA4263 | 4.00 | 2/20/47 | 159 | ||||||||||||
37 | Government National Mortgage Association, Pool #AV6086 | 4.00 | 7/15/47 | 38 | ||||||||||||
420 | Government National Mortgage Association, Pool #5139 | 4.00 | 8/20/41 | 447 | ||||||||||||
350 | Government National Mortgage Association, Pool #MA5466 | 4.00 | 9/20/48 | 363 | ||||||||||||
68 | Government National Mortgage Association, Pool #MA4322 | 4.00 | 3/20/47 | 71 | ||||||||||||
166 | Government National Mortgage Association, Pool #MA4197 | 4.00 | 1/20/47 | 175 | ||||||||||||
8 | Government National Mortgage Association, Pool #AJ2722 | 4.00 | 8/15/44 | 9 | ||||||||||||
240 | Government National Mortgage Association, Pool #MA5078 | 4.00 | 3/20/48 | 249 | ||||||||||||
182 | Government National Mortgage Association, Pool #MA2224 | 4.00 | 9/20/44 | 190 | ||||||||||||
30 | Government National Mortgage Association, Pool #779401 | 4.00 | 6/15/42 | 31 | ||||||||||||
115 | Government National Mortgage Association, Pool #MA0319 | 4.00 | 8/20/42 | 122 | ||||||||||||
99 | Government National Mortgage Association, Pool #MA0701 | 4.50 | 1/20/43 | 108 | ||||||||||||
148 | Government National Mortgage Association, Pool #MA1762 | 4.50 | 3/20/44 | 160 | ||||||||||||
172 | Government National Mortgage Association, Pool #MA4384 | 4.50 | 4/20/47 | 181 | ||||||||||||
43 | Government National Mortgage Association, Pool #MA1092 | 4.50 | 6/20/43 | 47 | ||||||||||||
189 | Government National Mortgage Association, Pool #717148 | 4.50 | 5/15/39 | 203 | ||||||||||||
25 | Government National Mortgage Association, Pool #BC0597 | 4.50 | 8/15/47 | 27 | ||||||||||||
250 | Government National Mortgage Association, Pool #MA5399 | 4.50 | 8/20/48 | 264 | ||||||||||||
55 | Government National Mortgage Association, Pool #MA4721 | 4.50 | 9/20/47 | 58 | ||||||||||||
66 | Government National Mortgage Association, Pool #MA4780 | 4.50 | 10/20/47 | 70 | ||||||||||||
126 | Government National Mortgage Association, Pool #MA4512 | 4.50 | 6/20/47 | 133 | ||||||||||||
300 | Government National Mortgage Association, Pool #MA5877 | 4.50 | 4/20/49 | 314 | ||||||||||||
33 | Government National Mortgage Association, Pool #738793 | 4.50 | 9/15/41 | 36 | ||||||||||||
34 | Government National Mortgage Association, Pool #BB7097 | 4.50 | 8/15/47 | 37 | ||||||||||||
26 | Government National Mortgage Association, Pool #MA4129 | 4.50 | 12/20/46 | 27 | ||||||||||||
250 | Government National Mortgage Association, Pool #MA5818 | 4.50 | 3/20/49 | 261 | ||||||||||||
293 | Government National Mortgage Association, Pool #MA5711 | 4.50 | 1/20/49 | 307 | ||||||||||||
142 | Government National Mortgage Association, Pool #5260 | 4.50 | 12/20/41 | 156 | ||||||||||||
586 | Government National Mortgage Association, Pool #4801 | 4.50 | 9/20/40 | 642 | ||||||||||||
253 | Government National Mortgage Association, Pool #MA5529 | 4.50 | 10/20/48 | 266 | ||||||||||||
418 | Government National Mortgage Association, Pool #MA5764 | 4.50 | 2/20/49 | 438 | ||||||||||||
34 | Government National Mortgage Association, Pool #729511 | 4.50 | 4/15/40 | 37 | ||||||||||||
142 | Government National Mortgage Association, Pool #MA2756 | 4.50 | 4/20/45 | 149 | ||||||||||||
253 | Government National Mortgage Association, Pool #MA5596 | 4.50 | 11/20/48 | 266 | ||||||||||||
265 | Government National Mortgage Association, Pool #MA5652 | 4.50 | 12/20/48 | 278 | ||||||||||||
56 | Government National Mortgage Association, Pool #MA3805 | 4.50 | 7/20/46 | 60 | ||||||||||||
141 | Government National Mortgage Association, Pool #MA5467 | 4.50 | 9/20/48 | 148 |
See accompanying notes to financial statements.
209
HC CAPITAL TRUST
The U.S. Mortgage/Asset Backed Fixed Income Securities Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Principal Amount (000) | Security Description | Rate % | Maturity Date | Value (000) | ||||||||||||
U.S. Government Agency Mortgages (continued) | ||||||||||||||||
$ | 413 | Government National Mortgage Association, Pool #721760 | 4.50 | 8/15/40 | $ | 444 | ||||||||||
158 | Government National Mortgage Association, Pool #MA5653 | 5.00 | 12/20/48 | 166 | ||||||||||||
61 | Government National Mortgage Association, Pool #MA5400 | 5.00 | 8/20/48 | 65 | ||||||||||||
15 | Government National Mortgage Association, Pool #MA0465 | 5.00 | 10/20/42 | 16 | ||||||||||||
27 | Government National Mortgage Association, Pool #675179 | 5.00 | 3/15/38 | 30 | ||||||||||||
61 | Government National Mortgage Association, Pool #MA5530 | 5.00 | 10/20/48 | 64 | ||||||||||||
47 | Government National Mortgage Association, Pool #MA5933 | 5.00 | 5/20/49 | 50 | ||||||||||||
32 | Government National Mortgage Association, Pool #MA5712 | 5.00 | 1/20/49 | 33 | ||||||||||||
77 | Government National Mortgage Association, Pool #MA5819 | 5.00 | 3/20/49 | 82 | ||||||||||||
409 | Government National Mortgage Association, Pool #4559 | 5.00 | 10/20/39 | 450 | ||||||||||||
24 | Government National Mortgage Association, Pool #782468 | 5.00 | 11/15/38 | 26 | ||||||||||||
70 | Government National Mortgage Association, Pool #MA5765 | 5.00 | 2/20/49 | 75 | ||||||||||||
172 | Government National Mortgage Association, Pool #782523 | 5.00 | 11/15/35 | 192 | ||||||||||||
135 | Government National Mortgage Association, Pool #MA5080 | 5.00 | 3/20/48 | 144 | ||||||||||||
62 | Government National Mortgage Association, Pool #MA4007 | 5.00 | 10/20/46 | 69 | ||||||||||||
93 | Government National Mortgage Association, Pool #604285 | 5.00 | 5/15/33 | 101 | ||||||||||||
58 | Government National Mortgage Association, Pool #712690 | 5.00 | 4/15/39 | 63 | ||||||||||||
83 | Government National Mortgage Association, Pool #694531 | 5.00 | 11/15/38 | 93 | ||||||||||||
121 | Government National Mortgage Association, Pool #MA5597 | 5.00 | 11/20/48 | 129 | ||||||||||||
84 | Government National Mortgage Association, Pool #MA2076 | 5.00 | 7/20/44 | 91 | ||||||||||||
147 | Government National Mortgage Association, Pool #783284 | 5.50 | 6/20/40 | 153 | ||||||||||||
16 | Government National Mortgage Association, Pool #MA0466 | 5.50 | 10/20/42 | 18 | ||||||||||||
32 | Government National Mortgage Association, Pool #658181 | 5.50 | 11/15/36 | 36 | ||||||||||||
91 | Government National Mortgage Association, Pool #510835 | 5.50 | 2/15/35 | 102 | ||||||||||||
56 | Government National Mortgage Association, Pool #781959 | 6.00 | 7/15/35 | 62 | ||||||||||||
67 | Government National Mortgage Association, Pool #4245 | 6.00 | 9/20/38 | 76 | ||||||||||||
59 | Government National Mortgage Association, Pool #4222 | 6.00 | 8/20/38 | 67 | ||||||||||||
32 | Government National Mortgage Association, Pool #699237 | 6.50 | 9/15/38 | 37 | ||||||||||||
2 | Government National Mortgage Association, Pool #690789 | 6.50 | 5/15/38 | 2 | ||||||||||||
125 | Government National Mortgage Association, 30 YR TBA | 2.50 | 7/20/49 | 125 | ||||||||||||
150 | Government National Mortgage Association, 30 YR TBA | 2.50 | 2/20/50 | 150 | ||||||||||||
700 | Government National Mortgage Association, 30 YR TBA | 3.00 | 2/20/50 | 718 | ||||||||||||
1,300 | Government National Mortgage Association, 30 YR TBA | 3.00 | 1/20/49 | 1,335 | ||||||||||||
2,775 | Government National Mortgage Association, 30 YR TBA | 3.50 | 1/20/50 | 2,860 | ||||||||||||
250 | Government National Mortgage Association, 30 YR TBA | 3.50 | 2/20/50 | 258 | ||||||||||||
4,100 | Government National Mortgage Association, 30 YR TBA | 4.00 | 1/20/50 | 4,242 | ||||||||||||
525 | Government National Mortgage Association, 30 YR TBA | 4.50 | 1/20/50 | 549 | ||||||||||||
200 | Government National Mortgage Association, 30 YR TBA | 5.00 | 1/20/50 | 210 | ||||||||||||
|
| |||||||||||||||
Total U.S. Government Agency Mortgages | 192,397 | |||||||||||||||
|
| |||||||||||||||
Shares | ||||||||||||||||
Investment Company — 22.37% | ||||||||||||||||
50,666,966 | State Street Institutional Treasury Plus Money Market Fund, Trust Class | 1.49 | (b) | 50,667 | ||||||||||||
|
| |||||||||||||||
Total Investment Company | 50,667 | |||||||||||||||
|
| |||||||||||||||
Total Investments Before TBA Sale Commitments (cost $257,042) — 114.91% | 260,232 | |||||||||||||||
|
| |||||||||||||||
Principal Amount (000) | ||||||||||||||||
TBA Sale Commitments (c) — (0.05)% | ||||||||||||||||
$ | (100 | ) | Fannie Mae, 30 YR TBA | 5.50 | 1/25/50 | (108 | ) | |||||||||
|
| |||||||||||||||
Total TBA Sale Commitments | (108 | ) | ||||||||||||||
|
| |||||||||||||||
Liabilities in excess of other assets — (14.86)% | (33,647 | ) | ||||||||||||||
|
| |||||||||||||||
Net Assets — 100.00% | $ | 226,477 | ||||||||||||||
|
|
See accompanying notes to financial statements.
210
HC CAPITAL TRUST
The U.S. Mortgage/Asset Backed Fixed Income Securities Portfolio
Portfolio of Investments (concluded) — December 31, 2019 (Unaudited)
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 December 31, 2019. |
(b) | The rate disclosed is the rate in effect on December 31, 2019. |
(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. (See Note 2 in the Notes to Financial Statements.) |
TBA — To Be Announced purchase or sale commitment. Security is subject to delayed delivery
The following table reflects the percentage of total net assets of the Portfolio attributable to each Specialist Manager as of December 31, 2019.
The U.S. Mortgage/Asset Backed Fixed Income Securities Portfolio | Mellon Investments Corporation | HC Capital Solutions | Total | |||||||||
Asset Backed Securities | 1.32 | % | — | 1.32 | % | |||||||
Collateralized Mortgage Obligations | 6.26 | % | — | 6.26 | % | |||||||
U.S. Government Agency Mortgages | 84.96 | % | — | 84.96 | % | |||||||
Investment Company | 13.77 | % | 8.60 | % | 22.37 | % | ||||||
TBA Sale Commitments | -0.05 | % | — | -0.05 | % | |||||||
Other Assets (Liabilities) | -14.57 | % | -0.29 | % | -14.86 | % | ||||||
|
|
|
|
|
| |||||||
Total Net Assets | 91.69 | % | 8.31 | % | 100.00 | % | ||||||
|
|
|
|
|
|
Amounts designated as “—” indicate the Specialist Manager did not manage any holdings in that category.
See accompanying notes to financial statements.
211
HC CAPITAL TRUST
The Short-Term Municipal Bond Portfolio
Portfolio of Investments — December 31, 2019 (Unaudited)
Principal Amount (000) | Security Description | Rate % | Maturity Date | Value (000) | ||||||||||||
Municipal Bonds — 96.96% | ||||||||||||||||
Alabama — 2.84% | ||||||||||||||||
$ | 2,025 | County of Baldwin Alabama, GO, Callable 11/1/24 @ 100.00 | 5.00 | 5/1/25 | $ | 2,374 | ||||||||||
710 | University of Alabama Revenue, Series A, Callable 7/1/22 @ 100.00 | 5.00 | 7/1/23 | 777 | ||||||||||||
|
| |||||||||||||||
3,151 | ||||||||||||||||
|
| |||||||||||||||
Alaska — 1.33% | ||||||||||||||||
1,385 | Municipality of Anchorage Alaska, GO, Series B | 5.00 | 9/1/21 | 1,475 | ||||||||||||
|
| |||||||||||||||
Arizona — 3.78% | ||||||||||||||||
805 | County of Pima Arizona Sewer System Revenue | 5.00 | 7/1/23 | 910 | ||||||||||||
1,350 | Maricopa County Unified School District No. 41 Gilbert, GO, Series C | 5.00 | 7/1/25 | 1,616 | ||||||||||||
1,590 | Maricopa County Unified School District No. 48 Scottsdale, GO, Series 48-B, | 4.25 | 7/1/25 | 1,664 | ||||||||||||
|
| |||||||||||||||
4,190 | ||||||||||||||||
|
| |||||||||||||||
Arkansas — 2.34% | ||||||||||||||||
2,295 | Rogers School District No. 30, GO, Callable 8/1/24 @ 100.00 (State Aid Withholding) | 4.00 | 2/1/26 | 2,584 | ||||||||||||
|
| |||||||||||||||
Connecticut — 1.17% | ||||||||||||||||
1,200 | State of Connecticut, GO, Series A | 5.00 | 4/15/22 | 1,301 | ||||||||||||
|
| |||||||||||||||
District of Columbia — 2.10% | ||||||||||||||||
2,000 | District of Columbia, GO, Series D | 5.00 | 6/1/24 | 2,332 | ||||||||||||
|
| |||||||||||||||
Florida — 12.00% | ||||||||||||||||
1,000 | County of Miami-Dade Florida, GO | 5.00 | 7/1/21 | 1,057 | ||||||||||||
425 | JEA Florida Electric System Revenue, Series D | 5.00 | 10/1/22 | 470 | ||||||||||||
800 | JEA Florida Water & Sewer System Revenue, Series A | 5.00 | 10/1/20 | 823 | ||||||||||||
1,245 | School District of Broward County Florida Revenue, Series A | 5.00 | 7/1/20 | 1,269 | ||||||||||||
950 | State of Florida Department of Education Revenue, Series A | 5.00 | 7/1/22 | 1,042 | ||||||||||||
400 | State of Florida Department of Environmental Protection Preservation Revenue, Series A | 5.00 | 7/1/20 | 408 | ||||||||||||
1,645 | State of Florida Department of Management Services Refunding Certificates of Participation, Series A | 5.00 | 11/1/23 | 1,876 | ||||||||||||
1,400 | State of Florida Lottery Revenue, Series A | 5.00 | 7/1/20 | 1,427 | ||||||||||||
1,950 | State of Florida Turnpike Enterprise Revenue, Series B | 5.00 | 7/1/21 | 2,063 | ||||||||||||
610 | State of Florida, GO, Series D | 5.00 | 6/1/20 | 620 | ||||||||||||
2,105 | Tohopekaliga Water Authority Utility System Revenue, Series A (Pre-Refunded/Escrowed to Maturity) | 5.25 | 10/1/36 | 2,255 | ||||||||||||
|
| |||||||||||||||
13,310 | ||||||||||||||||
|
| |||||||||||||||
Georgia — 1.90% | ||||||||||||||||
2,000 | Bulloch County Board of Education, GO (State Aid Withholding) | 5.00 | 5/1/21 | 2,102 | ||||||||||||
|
| |||||||||||||||
Hawaii — 2.45% | ||||||||||||||||
1,970 | City & County Honolulu Hawaii Wastewater System Revenue | 4.00 | 7/1/25 | 2,256 | ||||||||||||
425 | State of Hawaii, GO, Series EO | 5.00 | 8/1/21 | 451 | ||||||||||||
|
| |||||||||||||||
2,707 | ||||||||||||||||
|
| |||||||||||||||
Illinois — 0.38% | ||||||||||||||||
425 | McHenry County Illinois Conservation District, GO | 5.00 | 2/1/20 | 426 | ||||||||||||
|
| |||||||||||||||
Iowa — 3.16% | ||||||||||||||||
1,440 | Ankeny Community School District, GO | 5.00 | 6/1/23 | 1,623 | ||||||||||||
1,155 | City of Ankeny, GO, Series A | 5.00 | 6/1/21 | 1,217 | ||||||||||||
550 | Linn-Mar Community School District, GO, Callable 5/1/26 @ 100.00 | 5.00 | 5/1/27 | 669 | ||||||||||||
|
| |||||||||||||||
3,509 | ||||||||||||||||
|
| |||||||||||||||
Kentucky — 2.31% | ||||||||||||||||
1,610 | Louisville/Jefferson County Metropolitan Government, GO, Series A | 5.00 | 8/1/22 | 1,766 | ||||||||||||
685 | University of Kentucky, GO, Series A, Callable 4/1/24 @ 100.00 (State Intercept) | 5.00 | 4/1/25 | 795 | ||||||||||||
|
| |||||||||||||||
2,561 | ||||||||||||||||
|
|
See accompanying notes to financial statements.
212
HC CAPITAL TRUST
The Short-Term Municipal Bond Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Principal Amount (000) | Security Description | Rate % | Maturity Date | Value (000) | ||||||||||||
Municipal Bonds (continued) | ||||||||||||||||
Maine — 1.29% | ||||||||||||||||
$ | 1,340 | Maine Municipal Bond Bank Revenue, Series B | 5.00 | 11/1/21 | $ | 1,435 | ||||||||||
|
| |||||||||||||||
Maryland — 0.98% | ||||||||||||||||
1,000 | University System of Maryland, GO, Series A | 5.00 | 4/1/22 | 1,087 | ||||||||||||
|
| |||||||||||||||
Michigan — 5.17% | ||||||||||||||||
2,470 | Charter Township of Meridian, GO | 5.00 | 10/1/21 | 2,629 | ||||||||||||
500 | Oakland University Michigan Revenue | 5.00 | 3/1/21 | 521 | ||||||||||||
2,105 | Wayne State University Revenue | 5.00 | 11/15/26 | 2,569 | ||||||||||||
|
| |||||||||||||||
5,719 | ||||||||||||||||
|
| |||||||||||||||
Missouri — 1.80% | ||||||||||||||||
1,885 | Saint Charles County Francis Howell School District, GO (State Aid Withholding) | 4.00 | 3/1/22 | 1,998 | ||||||||||||
|
| |||||||||||||||
Nebraska — 0.43% | ||||||||||||||||
480 | Nebraska State Public Power District Revenue, Series A | 4.00 | 1/1/20 | 480 | ||||||||||||
|
| |||||||||||||||
Nevada — 1.91% | ||||||||||||||||
250 | Clark County, Nevada Highway Revenue | 5.00 | 7/1/20 | 255 | ||||||||||||
1,765 | County of Clark Department of Aviation Revenue, Series A | 5.00 | 7/1/21 | 1,866 | ||||||||||||
|
| |||||||||||||||
2,121 | ||||||||||||||||
|
| |||||||||||||||
New Jersey — 2.22% | ||||||||||||||||
1,945 | County of Union New Jersey, GO, Series A&B | 3.00 | 3/1/20 | 1,951 | ||||||||||||
375 | Middlesex County Improvement Authority Revenue (CNTY-GTD) | 3.00 | 9/1/20 | 380 | ||||||||||||
130 | South Brunswick Township New Jersey, GO | 4.00 | 9/1/20 | 132 | ||||||||||||
|
| |||||||||||||||
2,463 | ||||||||||||||||
|
| |||||||||||||||
New Mexico — 1.94% | ||||||||||||||||
2,100 | County of Bernalillo New Mexico, GO | 5.00 | 8/15/20 | 2,147 | ||||||||||||
|
| |||||||||||||||
New York — 6.01% | ||||||||||||||||
2,190 | Metropolitan Transportation Authority Revenue, Series A | 4.00 | 2/3/20 | 2,195 | ||||||||||||
790 | New York City Fiscal 2019, GO, Series A | 5.00 | 8/1/20 | 808 | ||||||||||||
250 | New York City Municipal Water Finance Authority Water & Sewer System Revenue, | 5.00 | 6/15/23 | 269 | ||||||||||||
900 | New York City Transitional Finance Authority Future Tax Secured Revenue, Series C1 | 5.00 | 5/1/21 | 947 | ||||||||||||
385 | New York City Transitional Finance Authority Future Tax Secured Revenue | 5.00 | 11/1/21 | 412 | ||||||||||||
405 | New York State Dormitory Authority Revenue, Series A | 5.00 | 2/15/24 | 468 | ||||||||||||
1,400 | New York State Dormitory Authority Revenue, Series B | 5.00 | 2/15/23 | 1,572 | ||||||||||||
|
| |||||||||||||||
6,671 | ||||||||||||||||
|
| |||||||||||||||
North Carolina — 1.74% | ||||||||||||||||
1,470 | North Carolina State University at Raleigh Revenue | 5.00 | 10/1/20 | 1,511 | ||||||||||||
375 | State of North Carolina Revenue | 5.00 | 3/1/23 | 421 | ||||||||||||
|
| |||||||||||||||
1,932 | ||||||||||||||||
|
| |||||||||||||||
Ohio — 2.82% | ||||||||||||||||
1,020 | Allen County Ohio Hospital (Pre-Refunded/Escrowed to Maturity) | 5.25 | 9/1/27 | 1,048 | ||||||||||||
1,930 | Cleveland Department of Public Utilities Division of Water Revenue, Series D | 5.00 | 1/1/22 | 2,075 | ||||||||||||
|
| |||||||||||||||
3,123 | ||||||||||||||||
|
| |||||||||||||||
Oklahoma — 1.05% | ||||||||||||||||
1,145 | Grand River Dam Authority, Revenue, Series A | 5.00 | 6/1/20 | 1,163 | ||||||||||||
|
| |||||||||||||||
Oregon — 0.56% | ||||||||||||||||
590 | Multnomah County School District No. 1 Portland, GO, Series B (SCH BD GTY) | 5.00 | 6/15/21 | 623 | ||||||||||||
|
| |||||||||||||||
Pennsylvania — 0.50% | ||||||||||||||||
525 | Philadelphia Pennsylvania Authority For Industrial Development Temple University Revenue, Series 2016 | 5.00 | 4/1/21 | 549 | ||||||||||||
|
|
See accompanying notes to financial statements.
213
HC CAPITAL TRUST
The Short-Term Municipal Bond Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Principal Amount (000) | Security Description | Rate % | Maturity Date | Value (000) | ||||||||||||
Municipal Bonds (continued) | ||||||||||||||||
South Carolina — 1.60% | ||||||||||||||||
$ | 1,635 | Aiken County Consolidated School District South Carolina, GO, Series B (SCSDE) | 5.00 | 4/1/22 | $ | 1,775 | ||||||||||
|
| |||||||||||||||
South Dakota — 0.37% | ||||||||||||||||
395 | City of Sioux Falls South Dakota Sales Tax Revenue, Series A | 5.00 | 11/15/20 | 408 | ||||||||||||
|
| |||||||||||||||
Tennessee — 0.33% | ||||||||||||||||
350 | City of Clarksville Tennessee Water Sewer & Gas Revenue | 5.00 | 2/1/21 | 365 | ||||||||||||
|
| |||||||||||||||
Texas — 16.15% | ||||||||||||||||
1,770 | Carroll Independent School District, GO (PSF-GTD) | 5.00 | 2/15/22 | 1,911 | ||||||||||||
1,255 | City of Arlington Texas, GO, Series A | 5.00 | 8/15/22 | 1,381 | ||||||||||||
1,550 | City of Garland Texas Electric Utility System Revenue | 5.00 | 3/1/24 | 1,780 | ||||||||||||
2,250 | City of Grand Prairie Texas, GO | 5.00 | 2/15/22 | 2,433 | ||||||||||||
2,225 | City of Grapevine Texas, GO | 4.00 | 2/15/20 | 2,232 | ||||||||||||
1,015 | Conroe Independent School District, GO (PSF-GTD) | 5.00 | 2/15/25 | 1,206 | ||||||||||||
705 | County of Travis Texas, GO | 5.00 | 3/1/21 | 737 | ||||||||||||
685 | Cypress-Fairbanks Independent School District, GO, Series C (PSF-GTD) | 5.00 | 2/15/22 | 741 | ||||||||||||
660 | Dallas Area Rapid Transit Revenue, Series A | 5.00 | 12/1/24 | 781 | ||||||||||||
450 | Goose Creek Texas Consolidated Independent School District, GO, | 5.00 | 2/15/22 | 469 | ||||||||||||
430 | Harris County Toll Road Authority Revenue, Series B | 5.00 | 8/15/22 | 472 | ||||||||||||
690 | Katy Independent School District, GO, Series B (PSF-GTD) | 5.00 | 2/15/22 | 747 | ||||||||||||
625 | North East Independent School District Texas, GO (PSF-GTD) | 5.00 | 8/1/22 | 686 | ||||||||||||
1,150 | Round Rock Independent School District, GO (PSF-GTD) | 5.00 | 8/1/25 | 1,384 | ||||||||||||
950 | State of Texas, GO, Series C | 1.78 | 10/1/20 | 951 | ||||||||||||
|
| |||||||||||||||
17,911 | ||||||||||||||||
|
| |||||||||||||||
Virginia — 1.25% | ||||||||||||||||
360 | Virginia Commonwealth Transportation Board Revenue, Series A | 5.00 | 3/15/20 | 363 | ||||||||||||
1,020 | Virginia Housing Development Authority Revenue, Series A, Callable 1/29/20 @ 100.00 | 2.05 | 3/1/22 | 1,021 | ||||||||||||
|
| |||||||||||||||
1,384 | ||||||||||||||||
|
| |||||||||||||||
Washington — 7.15% | ||||||||||||||||
1,735 | City of Seattle Washington Municipal Light & Power Revenue, Series A | 5.00 | 1/1/24 | 1,997 | ||||||||||||
1,260 | County of King Washington, GO, Series B | 5.00 | 7/1/25 | 1,515 | ||||||||||||
1,300 | King County School District No. 411 Issaquah, GO (SCH BD GTY) | 4.00 | 12/1/20 | 1,334 | ||||||||||||
1,085 | King County Washington School District No. 405, GO, Series B (SCH BD GTY) | 5.00 | 12/1/24 | 1,284 | ||||||||||||
215 | King County Washington Sewer Revenue (Pre-Refunded/Escrowed to Maturity) | 5.00 | 1/1/22 | 219 | ||||||||||||
135 | King County Washington Sewer Revenue (Pre-Refunded/Escrowed to Maturity) | 5.00 | 1/1/22 | 138 | ||||||||||||
820 | State of Washington Revenue, Series F | 5.00 | 9/1/22 | 904 | ||||||||||||
365 | State of Washington Revenue, Series A | 5.00 | 7/1/20 | 372 | ||||||||||||
150 | Tacoma Washington Electric System Revenue, Series A | 4.00 | 1/1/20 | 150 | ||||||||||||
|
| |||||||||||||||
7,913 | ||||||||||||||||
|
| |||||||||||||||
Wisconsin — 5.93% | ||||||||||||||||
1,125 | City of Janesville Wisconsin, GO | 3.00 | 2/1/20 | 1,127 | ||||||||||||
380 | City of Milwaukee Wisconsin, GO, Series N4&B5 | 5.00 | 4/1/23 | 426 | ||||||||||||
880 | State of Wisconsin Clean Water Fund Leveraged Loan Portfolio Revenue, Series 1 | 4.00 | 6/1/21 | 916 | ||||||||||||
1,000 | Stevens Point Area Public School District Wisconsin, GO | 5.00 | 4/1/24 | 1,158 | ||||||||||||
1,630 | Wauwatosa School District, GO, Series A | 4.00 | 3/1/21 | 1,683 | ||||||||||||
525 | Wisconsin Energy Power Supply Revenue, Series A | 5.00 | 7/1/22 | 575 | ||||||||||||
665 | Wisconsin Health & Educational Facilities Authority Revenue | 5.00 | 11/15/20 | 687 | ||||||||||||
|
| |||||||||||||||
6,572 | ||||||||||||||||
|
| |||||||||||||||
Total Municipal Bonds | 107,487 | |||||||||||||||
|
|
See accompanying notes to financial statements.
214
HC CAPITAL TRUST
The Short-Term Municipal Bond Portfolio
Portfolio of Investments (concluded) — December 31, 2019 (Unaudited)
Shares | Security Description | Rate % | Value (000) | |||||||||
Investment Company — 1.64% | ||||||||||||
1,823,428 | State Street Institutional Treasury Plus Money Market Fund, Trust Class | 1.49 | (a) | $ | 1,823 | |||||||
|
| |||||||||||
Total Investment Company | 1,823 | |||||||||||
|
| |||||||||||
Total Investments (cost $107,853) — 98.60% | 109,310 | |||||||||||
Other assets in excess of liabilities — 1.40% | 1,549 | |||||||||||
|
| |||||||||||
Net Assets — 100.00% | $ | 110,859 | ||||||||||
|
|
(a) | The rate disclosed is the rate in effect on December 31, 2019. |
CNTY-GTD — County Guarantee
GO — General Obligation
PSF-GTD — Public School Fund Guaranteed
SCH BD GTY — School Board Guaranty
SCSDE — Insured by South Carolina School Discount Enhancement
As of December 31, 2019, 100% of the Portfolio’s net assets were managed by Breckinridge Capital Advisors, Inc.
See accompanying notes to financial statements.
215
HC CAPITAL TRUST
The Intermediate Term Municipal Bond Portfolio
Portfolio of Investments — December 31, 2019 (Unaudited)
Principal Amount (000) | Security Description | Rate % | Maturity Date | Value (000) | ||||||||||||
Municipal Bonds — 99.17% | ||||||||||||||||
Alabama — 1.02% | ||||||||||||||||
$ | 1,400 | Birmingham Alabama Water Works Board Water Revenue, Series B | 5.00 | 1/1/24 | $ | 1,603 | ||||||||||
1,000 | Jefferson County Alabama Revenue | 5.00 | 9/15/22 | 1,096 | ||||||||||||
1,000 | Troy University Revenue, Series A (BAM) | 5.00 | 11/1/26 | 1,214 | ||||||||||||
|
| |||||||||||||||
3,913 | ||||||||||||||||
|
| |||||||||||||||
Arizona — 1.32% | ||||||||||||||||
1,000 | Maricopa County High School District No. 210-Phoenix, GO | 5.00 | 7/1/25 | 1,197 | ||||||||||||
1,215 | Northern Arizona University Revenue, Series B (BAM) | 5.00 | 6/1/26 | 1,483 | ||||||||||||
1,000 | Salt Verde Arizona Financial Corp. Senior Gas Revenue (Citigroup, Inc.) | 5.25 | 12/1/24 | 1,162 | ||||||||||||
1,015 | State of Arizona, Series A | 5.00 | 10/1/25 | 1,227 | ||||||||||||
|
| |||||||||||||||
5,069 | ||||||||||||||||
|
| |||||||||||||||
Arkansas — 0.34% | ||||||||||||||||
1,200 | Arkansas State Development Finance Authority Hospital Revenue, Series B | 5.00 | 2/1/23 | 1,319 | ||||||||||||
|
| |||||||||||||||
California — 3.57% | ||||||||||||||||
820 | California State Department of Water Resources Revenue, Central Valley Project Continuously Callable @ 100.00 | 5.25 | 7/1/22 | 822 | ||||||||||||
4,155 | California State Public Works Board Lease Revenue, Series D | 5.00 | 4/1/24 | 4,819 | ||||||||||||
1,500 | California State, GO | 5.00 | 8/1/24 | 1,756 | ||||||||||||
2,460 | Golden State Tobacco Securitization Corp. California Tobacco Settlement Revenue, Series A-1 | 5.00 | 6/1/26 | 2,926 | ||||||||||||
1,000 | Los Angeles California Department of Airports Revenue | 5.00 | 5/15/23 | 1,129 | ||||||||||||
1,750 | State of California, GO, Callable 4/1/29 @ 100.00 | 5.00 | 4/1/30 | 2,259 | ||||||||||||
65 | University of California Revenue, Series Q Continuously Callable @ 100.00 | 5.25 | 5/15/23 | 65 | ||||||||||||
|
| |||||||||||||||
13,776 | ||||||||||||||||
|
| |||||||||||||||
Colorado — 5.74% | ||||||||||||||||
3,550 | Colorado Health Facilities Authority Revenue, Series A | 5.00 | 1/1/25 | 4,189 | ||||||||||||
1,225 | Colorado State Board of Governors University Enterprise System Revenue, Series E-2 | 5.00 | 3/1/25 | 1,452 | ||||||||||||
5,000 | Colorado State Health Facilities Authority Revenue, Catholic Health Initiatives, Series D-3 | 5.00 | (a) | 10/1/38 | 5,334 | |||||||||||
1,750 | Denver City & County Colorado Airport System Revenue, Series A | 5.00 | 11/15/23 | 2,002 | ||||||||||||
3,600 | Denver City & County Colorado Airport System Revenue, Series A | 5.00 | 12/1/25 | 4,290 | ||||||||||||
2,970 | Denver City & County School District No. 1, GO, Series A (State Aid Withholding) | 5.50 | 12/1/25 | 3,694 | ||||||||||||
1,000 | State of Colorado, Certificate of Participation | 5.00 | 3/15/23 | 1,121 | ||||||||||||
|
| |||||||||||||||
22,082 | ||||||||||||||||
|
| |||||||||||||||
Connecticut — 1.89% | ||||||||||||||||
1,025 | Connecticut State Health & Educational Facilities Authority Revenue, Series B | 5.00 | 12/1/26 | 1,230 | ||||||||||||
2,500 | Connecticut State Special Tax Obligation Revenue, Transportation Infrastructure, Series A | 5.00 | 9/1/21 | 2,658 | ||||||||||||
3,000 | State of Connecticut, GO, Series A, Callable 10/15/23 @ 100.00 | 5.00 | 10/15/25 | 3,385 | ||||||||||||
|
| |||||||||||||||
7,273 | ||||||||||||||||
|
| |||||||||||||||
District of Columbia — 0.80% | ||||||||||||||||
1,500 | District of Columbia University Revenue | 5.00 | 4/1/25 | 1,782 | ||||||||||||
1,200 | Metropolitan Washington Airports Authority Revenue, Series A (AMT) | 5.00 | 10/1/22 | 1,321 | ||||||||||||
|
| |||||||||||||||
3,103 | ||||||||||||||||
|
| |||||||||||||||
Florida — 4.18% | ||||||||||||||||
2,000 | Alachua Country Health Facilities Authority Revenue | 5.00 | (a) | 12/1/37 | 2,399 | |||||||||||
1,415 | Florida Higher Educational Facilities Financial Authority Revenue | 5.00 | 3/1/26 | 1,659 | ||||||||||||
1,000 | Florida Municipal Power Agency Revenue | 5.00 | 10/1/25 | 1,202 | ||||||||||||
1,500 | Lee County Florida Solid Waste System Revenue (AMT) | 5.00 | 10/1/25 | 1,751 | ||||||||||||
1,615 | Lee County Florida Solid Waste System Revenue | 5.00 | 10/1/22 | 1,767 | ||||||||||||
3,250 | Orange County Florida Tourist Development Tax Revenue, Series B | 5.00 | 10/1/25 | 3,917 | ||||||||||||
1,500 | Palm Beach County Florida Health Facilities Authority Revenue | 5.00 | 11/15/21 | 1,595 | ||||||||||||
1,750 | South Florida Water Management District Corps, Certificate of Participation | 5.00 | 10/1/21 | 1,862 | ||||||||||||
|
| |||||||||||||||
16,152 | ||||||||||||||||
|
|
See accompanying notes to financial statements.
216
HC CAPITAL TRUST
The Intermediate Term Municipal Bond Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Principal Amount (000) | Security Description | Rate % | Maturity Date | Value (000) | ||||||||||||
Municipal Bonds (continued) | ||||||||||||||||
Georgia — 4.28% | ||||||||||||||||
$ | 1,000 | Atlanta Georgia Development Authority Revenue, Series A-1 | 5.00 | 7/1/23 | $ | 1,125 | ||||||||||
1,000 | Fayette County Hospital Authority Revenue, Callable 1/1/24 @ 100.00 | 5.00 | (a) | 7/1/54 | 1,141 | |||||||||||
1,250 | Fulton County Georgia Development Authority Revenue, Series A | 5.00 | 7/1/23 | 1,409 | ||||||||||||
1,600 | Fulton County Georgia Development Authority Revenue, Series A | 5.00 | 7/1/24 | 1,856 | ||||||||||||
3,050 | Georgia State Municipal Gas Authority Revenue, Gas Portfolio III Project, Series U | 5.00 | 10/1/21 | 3,250 | ||||||||||||
5,000 | Main Street Natural Gas, Inc. Revenue | 4.00 | (a) | 3/1/50 | 5,663 | |||||||||||
1,000 | Main Street Natural Gas, Inc. Revenue, Series B, Callable 6/1/23 @ 100.00 | | 1.90 (US0001M + 75.00 bps) | (b) | 4/1/48 | 997 | ||||||||||
1,000 | Savannah Economic Development Authority Revenue | 1.90 | 8/1/24 | 1,007 | ||||||||||||
|
| |||||||||||||||
16,448 | ||||||||||||||||
|
| |||||||||||||||
Illinois — 7.64% | ||||||||||||||||
90 | Chicago Illinois Certificates of Participation, Tax Increment Allocation Revenue, Diversey/Narragansett Project, Series NT Continuously Callable @ 100.00 | 7.46 | 2/15/26 | 72 | ||||||||||||
1,000 | Chicago Park District, GO, Series B, Callable 1/1/24 @ 100.00 | 5.00 | 1/1/26 | 1,122 | ||||||||||||
1,000 | City of Chicago Illinois Waterworks Revenue, Callable 11/1/22 @ 100.00 | 5.00 | 11/1/24 | 1,090 | ||||||||||||
1,000 | City of Chicago Illinois Waterworks Revenue | 5.00 | 11/1/24 | 1,154 | ||||||||||||
1,000 | City of Chicago Illinois Waterworks Revenue, Callable 11/1/24 @ 100.00 | 5.00 | 11/1/25 | 1,151 | ||||||||||||
1,240 | Illinois State Finance Authority Revenue, Series B | 5.00 | 5/1/22 | 1,340 | ||||||||||||
4,600 | Illinois State Sales Tax Revenue, Series A | 5.00 | 6/15/25 | 5,321 | ||||||||||||
1,635 | Illinois State Toll Highway Authority Revenue | 5.00 | 1/1/25 | 1,935 | ||||||||||||
3,035 | Metropolitan Water Reclamation District of Greater Chicago, GO, Series A, | 5.00 | 12/1/27 | 3,694 | ||||||||||||
1,725 | Metropolitan Water Reclamation District of Greater Chicago, GO, Series B | 5.00 | 12/1/24 | 2,011 | ||||||||||||
750 | Northern Illinois Municipal Power Agency Project Revenue, Series A | 5.00 | 12/1/22 | 828 | ||||||||||||
2,000 | Railsplitter Tobacco Settlement Authority Revenue | 5.00 | 6/1/22 | 2,171 | ||||||||||||
2,000 | Regional Transportation Authority Revenue (AGC) | 6.00 | 6/1/25 | 2,397 | ||||||||||||
1,450 | University of Illinois Revenue, Series C, Callable 10/1/21 @ 100.00 | 5.00 | 4/1/25 | 1,542 | ||||||||||||
2,995 | University of Illinois, Certificate of Participation, Series B, | 5.00 | 10/1/27 | 3,600 | ||||||||||||
|
| |||||||||||||||
29,428 | ||||||||||||||||
|
| |||||||||||||||
Indiana — 2.63% | ||||||||||||||||
2,250 | Indiana Finance Authority Revenue, Series B, Callable 1/1/25 @ 100.00 | 2.25 | (a) | 12/1/58 | 2,337 | |||||||||||
1,500 | Indiana Finance Authority Revenue, Series A | 3.13 | 12/1/24 | 1,611 | ||||||||||||
1,150 | Indiana Finance Authority Revenue, Series A | 5.00 | 11/1/23 | 1,310 | ||||||||||||
1,000 | Indiana Finance Authority Revenue, Series A | 5.00 | 11/1/24 | 1,172 | ||||||||||||
1,000 | Indiana State Finance Authority Revenue, Stadium Project, Series A | 5.00 | 2/1/23 | 1,116 | ||||||||||||
2,250 | Whiting Indiana Environmental Facilities Revenue | 5.00 | (a) | 11/1/47 | 2,584 | |||||||||||
|
| |||||||||||||||
10,130 | ||||||||||||||||
|
| |||||||||||||||
Kentucky — 2.54% | ||||||||||||||||
1,300 | City of Owensboro Kentucky Electric Light & Power System Revenue | 4.00 | 1/1/23 | 1,397 | ||||||||||||
3,160 | Kentucky Public Energy Authority Revenue, Series A | 4.00 | 4/1/23 | 3,427 | ||||||||||||
1,000 | Kentucky Public Energy Authority Revenue, Series A, Callable 1/2/24 @ 100.40 | 4.00 | 4/1/24 | 1,104 | ||||||||||||
3,500 | Kentucky Public Energy Authority Revenue, Series B, Callable 10/1/24 @ 100.24 | 4.00 | 1/1/49 | 3,865 | ||||||||||||
|
| |||||||||||||||
9,793 | ||||||||||||||||
|
| |||||||||||||||
Louisiana — 2.16% | ||||||||||||||||
1,415 | Jefferson Sales Tax District, Series A (AGM) | 5.00 | 12/1/25 | 1,704 | ||||||||||||
2,500 | Louisiana Offshore Terminal Authority Revenue | 1.65 | (a) | 9/1/33 | 2,500 | |||||||||||
2,850 | Louisiana State Citizens Property Insurance Corp. Revenue (AGM) | 5.00 | 6/1/22 | 3,113 | ||||||||||||
1,000 | Parish of St. John the Baptist Louisiana Revenue | 2.10 | (a) | 6/1/37 | 1,008 | |||||||||||
|
| |||||||||||||||
8,325 | ||||||||||||||||
|
| |||||||||||||||
Maine — 0.32% | ||||||||||||||||
1,025 | Finance Authority of Maine Revenue | 5.00 | 12/1/26 | 1,225 | ||||||||||||
|
|
See accompanying notes to financial statements.
217
HC CAPITAL TRUST
The Intermediate Term Municipal Bond Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Principal Amount (000) | Security Description | Rate % | Maturity Date | Value (000) | ||||||||||||
Municipal Bonds (continued) | ||||||||||||||||
Maryland — 2.81% | ||||||||||||||||
$ | 1,000 | Maryland State Health & Higher Educational Facilities Authority Revenue, Series B | 5.00 | 7/1/22 | $ | 1,096 | ||||||||||
4,040 | Maryland State Stadium Authority Revenue | 5.00 | 5/1/24 | 4,699 | ||||||||||||
2,090 | Maryland State Transportation Authority Revenue (AMT) | 5.00 | 6/1/28 | 2,624 | ||||||||||||
2,110 | Montgomery County Maryland, GO, Series A | 5.00 | 12/1/23 | 2,421 | ||||||||||||
|
| |||||||||||||||
10,840 | ||||||||||||||||
|
| |||||||||||||||
Massachusetts — 0.77% | ||||||||||||||||
1,000 | �� | Massachusetts State Educational Financing Authority Revenue (AMT) | 5.00 | 1/1/25 | 1,154 | |||||||||||
1,615 | Massachusetts State Educational Financing Authority Revenue, Series A (AMT) | 5.00 | 7/1/23 | 1,809 | ||||||||||||
|
| |||||||||||||||
2,963 | ||||||||||||||||
|
| |||||||||||||||
Michigan — 2.73% | ||||||||||||||||
1,810 | Great Lakes Michigan Water Authority Sewage Disposal System Revenue, Series B | 5.00 | 7/1/24 | 2,092 | ||||||||||||
1,000 | Michigan Finance Authority Revenue, Callable 6/1/25 @ 100.00 | 5.50 | 12/1/29 | 1,194 | ||||||||||||
1,450 | Michigan State Building Authority Revenue | 5.00 | 4/15/25 | 1,726 | ||||||||||||
1,605 | Michigan Strategic Fund Revenue | 5.00 | 6/30/25 | 1,875 | ||||||||||||
2,960 | Utica Community Schools, GO (Q-SBLF) | 5.00 | 5/1/26 | 3,572 | ||||||||||||
|
| |||||||||||||||
10,459 | ||||||||||||||||
|
| |||||||||||||||
Minnesota — 0.31% | ||||||||||||||||
1,000 | Minneapolis-St. Paul Metropolitan Airports Commission Revenue, Series C | 5.00 | 1/1/26 | 1,211 | ||||||||||||
|
| |||||||||||||||
Missouri — 1.04% | ||||||||||||||||
2,400 | Health & Educational Facilities Authority of the State of Missouri Revenue | 5.00 | 6/1/25 | 2,841 | ||||||||||||
1,000 | Missouri State Health & Educational Facilities Authority Revenue | 5.00 | 11/15/23 | 1,142 | ||||||||||||
|
| |||||||||||||||
3,983 | ||||||||||||||||
|
| |||||||||||||||
Nevada — 1.63% | ||||||||||||||||
3,470 | Clark County Nevada School District, GO, Series A | 5.00 | 6/15/23 | 3,886 | ||||||||||||
1,000 | Clark County Nevada School District, GO, Series A | 5.00 | 6/15/26 | 1,206 | ||||||||||||
1,000 | State of Nevada Highway Improvement Revenue | 5.00 | 12/1/24 | 1,182 | ||||||||||||
|
| |||||||||||||||
6,274 | ||||||||||||||||
|
| |||||||||||||||
New Jersey — 3.13% | ||||||||||||||||
1,660 | New Jersey Housing & Mortgage Finance Agency Revenue, Series D | 4.00 | 4/1/22 | 1,740 | ||||||||||||
1,210 | New Jersey State Economic Development Authority Revenue, School Facilities Construction | 5.00 | 6/15/28 | 1,428 | ||||||||||||
3,750 | New Jersey State Economic Development Authority Revenue, School Facilities Construction, Series NN | 5.00 | 3/1/21 | 3,919 | ||||||||||||
2,000 | New Jersey State Higher Education Student Assistance Authority Revenue, | 5.00 | 12/1/22 | 2,188 | ||||||||||||
2,700 | Tobacco Settlement Financing Corp. New Jersey Revenue, Series B | 3.20 | 6/1/27 | 2,777 | ||||||||||||
|
| |||||||||||||||
12,052 | ||||||||||||||||
|
| |||||||||||||||
New York — 5.80% | ||||||||||||||||
3,000 | City of New York, GO, Callable 1/8/20 @ 100.00 | 1.67 | (a) | 4/1/42 | 3,000 | |||||||||||
2,110 | Metropolitan Transportation Authority New York Revenue, Series A-1 | 5.00 | 11/15/22 | 2,328 | ||||||||||||
2,000 | Metropolitan Transportation Authority New York Revenue, Series B | 5.00 | 11/15/22 | 2,206 | ||||||||||||
3,000 | New York City Housing Development Corp. Revenue, Series B-2, Callable 7/1/23 @ 100.00 | 5.00 | 7/1/26 | 3,372 | ||||||||||||
1,000 | New York City Transitional Finance Authority Future Tax Secured Revenue, | 5.00 | 8/1/29 | 1,166 | ||||||||||||
1,500 | New York State Dormitory Authority Revenue, Series D | 5.00 | 2/15/25 | 1,781 | ||||||||||||
3,255 | New York State Transportation Development Corp. Special Facilities Revenue, Terminal One Group Associates | 5.00 | 1/1/21 | 3,368 | ||||||||||||
4,500 | Port Authority of New York & New Jersey New York Revenue, Consolidated 185th (AMT) | 5.00 | 9/1/23 | 5,114 | ||||||||||||
|
| |||||||||||||||
22,335 | ||||||||||||||||
|
| |||||||||||||||
North Carolina — 2.46% | ||||||||||||||||
1,000 | City of Charlotte North Carolina Airport Revenue, Series C | 5.00 | 7/1/24 | 1,168 |
See accompanying notes to financial statements.
218
HC CAPITAL TRUST
The Intermediate Term Municipal Bond Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Principal Amount (000) | Security Description | Rate % | Maturity Date | Value (000) | ||||||||||||
Municipal Bonds (continued) | ||||||||||||||||
North Carolina (continued) | ||||||||||||||||
$ | 1,000 | County of Wake North Carolina Revenue | 5.00 | 9/1/28 | $ | 1,293 | ||||||||||
5,000 | County of Wake North Carolina, GO | 5.00 | 9/1/24 | 5,887 | ||||||||||||
1,000 | North Carolina State Turnpike Authority Revenue (AGC) | 5.00 | 1/1/24 | 1,128 | ||||||||||||
|
| |||||||||||||||
9,476 | ||||||||||||||||
|
| |||||||||||||||
Ohio — 2.90% | ||||||||||||||||
1,500 | American Municipal Power, Inc. Revenue, Series A, Callable 2/15/24 @ 100.00 | 5.00 | 2/15/27 | 1,716 | ||||||||||||
1,750 | American Municipal Power, Inc. Revenue, Series A | 5.00 | 2/15/24 | 2,013 | ||||||||||||
660 | Mahoning County Ohio Hospital Facilities Revenue, Western Reserve Care System Continuously Callable @ 100.00 (MBIA) | 5.50 | 10/15/25 | 751 | ||||||||||||
2,500 | Montgomery County Ohio Revenue, Miami Valley Hospital, Series A, | 5.75 | 11/15/22 | 2,596 | ||||||||||||
1,850 | University of Cincinnati Revenue | 5.00 | 6/1/27 | 2,306 | ||||||||||||
775 | University of Cincinnati Revenue | 5.00 | 6/1/26 | 946 | ||||||||||||
700 | University of Cincinnati Revenue | 5.00 | 6/1/25 | 836 | ||||||||||||
|
| |||||||||||||||
11,164 | ||||||||||||||||
|
| |||||||||||||||
Oregon — 0.40% | ||||||||||||||||
1,305 | Benton & Linn Counties Consolidated School District No. 509J & 509A Corvallis, GO, Series A (SCH BD GTY) | 0.00 | (a) | 6/15/25 | 1,524 | |||||||||||
|
| |||||||||||||||
Pennsylvania — 6.25% | ||||||||||||||||
1,000 | City of Philadelphia Pennsylvania Water & Wastewater Revenue, Series B | 5.00 | 11/1/27 | 1,254 | ||||||||||||
1,250 | Commonwealth Financing Authority Revenue, Tobacco Master Settlement | 5.00 | 6/1/23 | 1,401 | ||||||||||||
4,000 | Delaware Valley Regional Finance Authority Revenue, Series B, | | 2.03 (MUNIPSA + 42.00 bps) | (b) | 9/1/48 | 4,006 | ||||||||||
850 | Easton Area School District, GO, Series A (State Aid Withholding) | 4.00 | 4/1/25 | 964 | ||||||||||||
1,860 | Luzerne County Industrial Development Authority Revenue, | 2.45 | (a) | 12/1/39 | 1,878 | |||||||||||
2,500 | Pennsylvania Economic Development Financing Authority Revenue (AMT) | 2.15 | (a) | 7/1/41 | 2,551 | |||||||||||
2,500 | Pennsylvania State Turnpike Commission Revenue | 5.00 | 6/1/24 | 2,881 | ||||||||||||
3,000 | Philadelphia Pennsylvania Gas Works Revenue | 5.00 | 8/1/21 | 3,177 | ||||||||||||
3,225 | School District of Philadelphia, GO | 5.00 | 9/1/28 | 4,008 | ||||||||||||
1,700 | Southeastern Pennsylvania Transportation Authority Revenue | 5.00 | 3/1/23 | 1,908 | ||||||||||||
|
| |||||||||||||||
24,028 | ||||||||||||||||
|
| |||||||||||||||
Rhode Island — 0.86% | ||||||||||||||||
2,000 | Rhode Island Health & Educational Building Corp. Revenue | 5.00 | 5/15/23 | 2,232 | ||||||||||||
1,000 | Rhode Island State Student Loan Authority Student Loan Revenue, Series A (AMT) | 5.00 | 12/1/22 | 1,084 | ||||||||||||
|
| |||||||||||||||
3,316 | ||||||||||||||||
|
| |||||||||||||||
South Carolina — 1.80% | ||||||||||||||||
3,680 | County of Charleston South Carolina, GO, Series A (State Aid Withholding) | 5.00 | 11/1/26 | 4,586 | ||||||||||||
2,250 | Piedmont Municipal Power Agency Electric Revenue, Series A-2, | 5.00 | 1/1/22 | 2,333 | ||||||||||||
|
| |||||||||||||||
6,919 | ||||||||||||||||
|
| |||||||||||||||
Tennessee — 0.78% | ||||||||||||||||
1,500 | Tennessee Energy Acquisition Corp. Revenue, Callable 8/1/25 @ 100.22 | 4.00 | (a) | 11/1/49 | 1,670 | |||||||||||
1,250 | Tennessee State Energy Acquisition Corp. Gas Revenue, Series E, | 4.00 | (a) | 5/1/48 | 1,342 | |||||||||||
|
| |||||||||||||||
3,012 | ||||||||||||||||
|
| |||||||||||||||
Texas — 19.99% | ||||||||||||||||
2,000 | Aldine Texas Independent School District, GO (PSF-GTD) | 5.00 | 2/15/25 | 2,376 | ||||||||||||
1,025 | Arlington Higher Education Finance Corp. Revenue (PSF-GTD) | 5.00 | 8/15/27 | 1,274 | ||||||||||||
1,230 | Arlington Higher Education Finance Corp. Revenue (PSF-GTD) | 5.00 | 8/15/28 | 1,554 | ||||||||||||
1,000 | Austin Texas Community College District, GO | 5.00 | 8/1/23 | 1,135 |
See accompanying notes to financial statements.
219
HC CAPITAL TRUST
The Intermediate Term Municipal Bond Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Principal Amount (000) | Security Description | Rate % | Maturity Date | Value (000) | ||||||||||||
Municipal Bonds (continued) | ||||||||||||||||
Texas (continued) | ||||||||||||||||
$ | 1,000 | City of Dallas Texas, GO, Series A, Callable 2/15/23 @ 100.00 | 5.00 | 2/15/26 | $ | 1,114 | ||||||||||
2,450 | City of Dallas Texas, GO, Callable 2/15/25 @ 100.00 | 5.00 | 2/15/27 | 2,892 | ||||||||||||
2,500 | City of Houston Texas Airport System Revenue, Series C (AMT) | 5.00 | 7/1/25 | 2,962 | ||||||||||||
2,200 | Clifton Higher Education Finance Corp. Revenue (PSF-GTD) | 5.00 | 8/15/25 | 2,625 | ||||||||||||
1,180 | Clifton Higher Education Finance Corp. Revenue (PSF-GTD) | 5.00 | 8/15/24 | 1,370 | ||||||||||||
2,500 | Dallas Independent School District, GO, Series A, Callable 2/15/25 @ 100.00(PSF-GTD) | 5.00 | 2/15/27 | 2,952 | ||||||||||||
2,300 | Dallas Love Field Revenue (AMT) | 5.00 | 11/1/25 | 2,746 | ||||||||||||
3,500 | Dallas-Fort Worth Texas International Airport Revenue, Series E | 5.00 | 11/1/22 | 3,850 | ||||||||||||
1,100 | Denton Texas Utility System Revenue | 5.00 | 12/1/22 | 1,222 | ||||||||||||
1,000 | El Paso Texas Water & Sewer Revenue | 5.00 | 3/1/22 | 1,081 | ||||||||||||
3,500 | Grand Parkway Transportation Corp. Revenue | 5.00 | 2/1/23 | 3,881 | ||||||||||||
2,100 | Harris County Cultural Education Facilities Finance Corp. Baylor College of Medicine Revenue | 5.00 | 11/15/27 | 2,606 | ||||||||||||
1,650 | Harris County Cultural Education Facilities Finance Corp. Revenue | 5.00 | 11/15/25 | 1,988 | ||||||||||||
2,095 | Harris County Cultural Education Facilities Finance Corp. Revenue | 5.00 | 11/15/23 | 2,396 | ||||||||||||
1,650 | Harris County Toll Road Authority Revenue, Series A | 5.00 | 8/15/23 | 1,873 | ||||||||||||
1,220 | Love Field Texas Airport Modernization Corp. General Airport Revenue, | 5.00 | 11/1/28 | 1,323 | ||||||||||||
1,000 | Love Field Texas Airport Modernization Corp. General Airport Revenue (AMT) | 5.00 | 11/1/22 | 1,103 | ||||||||||||
1,000 | Lower Colorado River Texas Authority Revenue | 5.00 | 5/15/26 | 1,216 | ||||||||||||
1,075 | Lower Colorado River Texas Authority Transmission Contract Revenue | 5.00 | 5/15/23 | 1,210 | ||||||||||||
1,000 | Lower Colorado River Texas Authority Transmission Contract Revenue | 5.00 | 5/15/22 | 1,089 | ||||||||||||
1,000 | North Texas Tollway Authority Revenue, Series B, Callable 1/1/23 @ 100.00 | 5.00 | 1/1/26 | 1,108 | ||||||||||||
2,500 | North Texas Tollway Authority Revenue, Series A | 5.00 | 1/1/22 | 2,690 | ||||||||||||
1,000 | North Texas Tollway Authority Revenue, Series A | 5.00 | 1/1/24 | 1,148 | ||||||||||||
1,695 | North Texas Tollway Authority Revenue, Series A | 5.00 | 1/1/22 | 1,824 | ||||||||||||
1,000 | Northside Texas Independent School District, GO (PSF-GTD) | 5.00 | 6/15/24 | 1,166 | ||||||||||||
1,070 | Sam Rayburn Texas Municipal Power Agency Revenue | 5.00 | 10/1/20 | 1,098 | ||||||||||||
1,000 | San Antonio Texas Airport System Revenue | 5.00 | 7/1/26 | 1,196 | ||||||||||||
1,750 | San Antonio Texas Airport System Revenue | 5.00 | 7/1/25 | 2,055 | ||||||||||||
1,175 | San Antonio Texas Water Revenue, Junior Lien, Series A | 5.00 | 5/15/22 | 1,280 | ||||||||||||
1,505 | Texas A&M University Revenue, Series E | 5.00 | 5/15/23 | 1,697 | ||||||||||||
4,365 | Texas State College Student Loan, GO | 5.00 | 8/1/22 | 4,776 | ||||||||||||
2,230 | University of Houston Revenue, Series C, Callable 2/15/26 @ 100.00 | 5.00 | 2/15/28 | 2,685 | ||||||||||||
3,000 | University of Texas Revenue, Series E | 5.00 | 8/15/23 | 3,412 | ||||||||||||
1,300 | West Harris County Regional Water Authority Revenue | 5.00 | 12/15/27 | 1,638 | ||||||||||||
1,000 | West Travis County Public Utility Agency Revenue (BAM) | 5.00 | 8/15/26 | 1,215 | ||||||||||||
|
| |||||||||||||||
76,826 | ||||||||||||||||
|
| |||||||||||||||
Utah — 0.35% | ||||||||||||||||
1,090 | Utah Transit Authority Revenue | 5.00 | 12/15/26 | 1,355 | ||||||||||||
|
| |||||||||||||||
Virginia — 2.71% | ||||||||||||||||
1,000 | Fairfax County Virginia Industrial Development Authority Revenue, Series A | 5.00 | 5/15/22 | 1,090 | ||||||||||||
1,000 | Fairfax County Virginia Industrial Development Authority Revenue, Series A | 5.00 | 5/15/23 | 1,127 | ||||||||||||
1,000 | Fairfax County Virginia Industrial Development Authority Revenue, Series A | 5.00 | 5/15/24 | 1,161 | ||||||||||||
3,600 | Hampton Roads Transportation Accountability Commission Revenue, Series A | 5.00 | 7/1/22 | 3,941 | ||||||||||||
2,000 | King George County Economic Development Authority Revenue | 2.50 | (a) | 6/1/23 | 2,001 | |||||||||||
1,000 | Virginia Public Building Authority Revenue, Series B (AMT) | 5.00 | 8/1/24 | 1,158 | ||||||||||||
|
| |||||||||||||||
10,478 | ||||||||||||||||
|
| |||||||||||||||
Washington — 2.41% | ||||||||||||||||
1,420 | Grant County Washington Public Utilities District #2 Priest Rapids Hydro Electric Revenue, Series B (AMT) | 5.00 | 1/1/22 | 1,526 | ||||||||||||
1,500 | Port of Seattle Washington Revenue (AMT) | 5.00 | 4/1/26 | 1,803 |
See accompanying notes to financial statements.
220
HC CAPITAL TRUST
The Intermediate Term Municipal Bond Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Principal Amount (000) | Security Description | Rate % | Maturity Date | Value (000) | ||||||||||||
Municipal Bonds (continued) | ||||||||||||||||
Washington (continued) | ||||||||||||||||
$ | 1,250 | Washington Health Care Facilities Authority Revenue | 5.00 | 10/1/25 | $ | 1,499 | ||||||||||
1,600 | Washington Health Care Facilities Authority Revenue, Series B1, | 5.00 | (a) | 8/1/49 | 1,813 | |||||||||||
2,310 | Washington Health Care Facilities Authority Revenue | 5.00 | 8/15/23 | 2,624 | ||||||||||||
|
| |||||||||||||||
9,265 | ||||||||||||||||
|
| |||||||||||||||
Wisconsin — 1.61% | ||||||||||||||||
1,000 | Public Finance Authority Wisconsin Lease Development Revenue | 5.00 | 3/1/22 | 1,078 | ||||||||||||
1,000 | Public Finance Authority Wisconsin Lease Development Revenue | 5.00 | 3/1/23 | 1,111 | ||||||||||||
1,225 | University of Wisconsin Hospitals & Clinics Revenue | 5.00 | 4/1/26 | 1,475 | ||||||||||||
1,100 | Wisconsin Health & Educational Facilities Authority | 4.00 | 11/15/26 | 1,283 | ||||||||||||
1,155 | Wisconsin State Health & Educational Facilities Authority Revenue, Series A | 5.00 | 11/15/22 | 1,279 | ||||||||||||
|
| |||||||||||||||
6,226 | ||||||||||||||||
|
| |||||||||||||||
Total Municipal Bonds | 381,742 | |||||||||||||||
|
| |||||||||||||||
Corporate Bond — 0.00% | ||||||||||||||||
3,939 | ASC Equipment Lease Trust (Trading Companies & Distributors) (c) | 5.13 | (d) | 3/1/08 | — | |||||||||||
|
| |||||||||||||||
Total Corporate Bond | — | |||||||||||||||
|
| |||||||||||||||
Shares | ||||||||||||||||
Investment Company — 0.95% | ||||||||||||||||
3,658,885 | State Street Institutional Treasury Plus Money Market Fund, Trust Class | 1.49 | (d) | 3,659 | ||||||||||||
|
| |||||||||||||||
Total Investment Company | 3,659 | |||||||||||||||
|
| |||||||||||||||
Total Investments (cost $379,768) — 100.12% | 385,401 | |||||||||||||||
Liabilities in excess of other assets — (0.12)% | (448 | ) | ||||||||||||||
|
| |||||||||||||||
Net Assets — 100.00% | $ | 384,953 | ||||||||||||||
|
|
Amounts designated as “—” are $0 or have been rounded to $0.
(a) | Interest rate is determined by the Remarketing Agent. The rate disclosed is the rate in effect on December 31, 2019. |
(b) | Variable Rate Security. The rate disclosed is the rate in effect on December 31, 2019. |
(c) | Defaulted Bond. |
(d) | The rate disclosed is the rate in effect on December 31, 2019. |
AGC — Assured Guaranty Corp.
AGM — Assured Guaranty Municipal Corporation
AMT — Alternative Minimum Tax
BAM — Build America Mutual
bps — Basis Points
CNTY-GTD — County Guarantee
GO — General Obligation
MBIA — Municipal Bond Insurance Association
MUNIPSA — SIFMA Municipal Swap Index Yield
PSF-GTD — Public School Fund Guaranteed
Q-SBLF — Qualified School Bond Loan Fund
SCH BD GTY — School Board Guaranty
US0001M — 1 Month US Dollar LIBOR
See accompanying notes to financial statements.
221
HC CAPITAL TRUST
The Intermediate Term Municipal Bond Portfolio
Portfolio of Investments (concluded) — December 31, 2019 (Unaudited)
The following table reflects the percentage of total net assets of the Portfolio attributable to each Specialist Manager as of December 31, 2019.
The Intermediate Term Municipal Bond Portfolio | Mellon Investments Corporation | HC Capital Solutions | Total | |||||||||
Municipal Bonds | 99.17 | % | — | 99.17 | % | |||||||
Corporate Bond | 0.00 | % | — | 0.00 | % | |||||||
Investment Companies | — | 0.95 | % | 0.95 | % | |||||||
Other Assets (Liabilities) | 0.09 | % | -0.21 | % | -0.12 | % | ||||||
|
|
|
|
|
| |||||||
Total Net Assets | 99.26 | % | 0.74 | % | 100.00 | % | ||||||
|
|
|
|
|
|
Amounts designated as “—” indicate the Specialist Manager did not manage any holdings in that category.
Amounts designated as “0.00%” round to less than 0.005%.
See accompanying notes to financial statements.
222
HC CAPITAL TRUST
The Intermediate Term Municipal Bond II Portfolio
Portfolio of Investments — December 31, 2019 (Unaudited)
Principal Amount (000) | Security Description | Rate % | Maturity Date | Value (000) | ||||||||||||
Municipal Bonds — 95.32% | ||||||||||||||||
Alabama — 3.69% | ||||||||||||||||
$ | 1,415 | Birmingham Alabama Special Care Facilities Financing Authority Health Care Facility, | 5.00 | 6/1/29 | $ | 1,656 | ||||||||||
1,000 | Pell City Alabama, GO, Series A, Callable 2/1/25 @ 100.00 | 5.00 | 2/1/26 | 1,181 | ||||||||||||
|
| |||||||||||||||
2,837 | ||||||||||||||||
|
| |||||||||||||||
Alaska — 1.64% | ||||||||||||||||
1,230 | Municipality of Anchorage Alaska, GO, Series B | 5.00 | 9/1/20 | 1,262 | ||||||||||||
|
| |||||||||||||||
Arizona — 0.81% | ||||||||||||||||
450 | Maricopa County Arizona Unified School District No. 48, GO | 5.00 | 7/1/21 | 476 | ||||||||||||
140 | Yuma County Arizona Jail District Revenue, Pledge Obligation | 5.00 | 7/1/20 | 143 | ||||||||||||
|
| |||||||||||||||
619 | ||||||||||||||||
|
| |||||||||||||||
Florida — 15.33% | ||||||||||||||||
1,455 | East Central Regional Wastewater Treatment Facilities Operation Board Revenue (Pre-Refunded/Escrowed to Maturity) | 5.50 | 10/1/44 | 1,748 | ||||||||||||
1,525 | Florida Department of Environmental Protection Revenue, Series A | 5.00 | 7/1/24 | 1,781 | ||||||||||||
1,250 | Florida State Board of Education Lottery Revenue, Series A | 5.00 | 7/1/26 | 1,539 | ||||||||||||
1,400 | Lee County Florida School Board Certificates of Participation, Series A, | 5.00 | 8/1/27 | 1,622 | ||||||||||||
1,000 | Miami-Dade County Florida Water & Sewer Revenue, Series B (AGM) | 5.25 | 10/1/20 | 1,031 | ||||||||||||
750 | Miami-Dade County Florida, GO, Series A, Callable 11/1/24 @ 100.00 | 5.00 | 11/1/27 | 881 | ||||||||||||
585 | Orange County Florida School Board, Certificates of Participation, Series A | 5.00 | 8/1/23 | 663 | ||||||||||||
800 | State of Florida, GO, Series A | 5.00 | 6/1/23 | 905 | ||||||||||||
1,500 | West Palm Beach Florida Utility System Revenue, Series A, Callable 10/1/21 @ 100.00 | 5.00 | 10/1/22 | 1,599 | ||||||||||||
|
| |||||||||||||||
11,769 | ||||||||||||||||
|
| |||||||||||||||
Idaho — 1.84% | ||||||||||||||||
1,285 | Idaho State Housing & Finance Association, Grant & Revenue Anticipation Federal Highway Trust, Series A | 5.00 | 7/15/22 | 1,411 | ||||||||||||
|
| |||||||||||||||
Illinois — 2.25% | ||||||||||||||||
1,400 | Illinois Finance Authority Revenue | 5.00 | 1/1/27 | 1,727 | ||||||||||||
|
| |||||||||||||||
Iowa — 2.19% | ||||||||||||||||
1,410 | City of Bettendorf Iowa, GO, Series D | 5.00 | 6/1/25 | 1,680 | ||||||||||||
|
| |||||||||||||||
Kansas — 1.26% | ||||||||||||||||
850 | City of Olathe Kansas, GO, Series 230 | 5.00 | 10/1/23 | 969 | ||||||||||||
|
| |||||||||||||||
Massachusetts — 2.26% | ||||||||||||||||
1,000 | Massachusetts State Bay Transportation Authority Sales Tax Revenue | 4.00 | 12/1/21 | 1,055 | ||||||||||||
600 | Massachusetts State, GO, Series A | 5.00 | 3/1/23 | 672 | ||||||||||||
|
| |||||||||||||||
1,727 | ||||||||||||||||
|
| |||||||||||||||
Nevada — 4.09% | ||||||||||||||||
800 | Clark County Nevada Highway Improvement Revenue | 5.00 | 7/1/23 | 902 | ||||||||||||
1,105 | Las Vegas Valley Nevada Water District, GO, Series B | 5.00 | 12/1/24 | 1,307 | ||||||||||||
800 | Nevada State System of Higher Education Certificates of Participation Revenue, Series A, | 5.00 | 7/1/26 | 928 | ||||||||||||
|
| |||||||||||||||
3,137 | ||||||||||||||||
|
| |||||||||||||||
New Mexico — 1.70% | ||||||||||||||||
1,025 | Albuquerque Municipal School District No. 12, GO, Callable 8/1/28 @ 100.00 (State Aid Withholding) | 5.00 | 8/1/29 | 1,303 | ||||||||||||
|
| |||||||||||||||
New York — 6.63% | ||||||||||||||||
495 | New York City Transitional Finance Authority Revenue, Series D, Callable 2/1/21 @ 100.00 | 5.25 | 2/1/22 | 518 | ||||||||||||
1,470 | New York State Dormitory Authority Revenue, Series E, Callable 9/15/28 @ 100.00 | 5.00 | 3/15/30 | 1,874 | ||||||||||||
625 | New York State Dormitory Authority State Personal Income Tax Revenue, Series A, | 5.00 | 2/15/26 | 722 |
See accompanying notes to financial statements.
223
HC CAPITAL TRUST
The Intermediate Term Municipal Bond II Portfolio
Portfolio of Investments (continued) — December 31, 2019 (Unaudited)
Principal Amount (000) | Security Description | Rate % | Maturity Date | Value (000) | ||||||||||||
Municipal Bonds (continued) | ||||||||||||||||
New York (continued) | ||||||||||||||||
$ | 1,700 | New York State Environmental Facilities Corp. Revenue, Callable 6/15/24 @ 100.00 | 5.00 | 6/15/29 | $ | 1,976 | ||||||||||
|
| |||||||||||||||
5,090 | ||||||||||||||||
|
| |||||||||||||||
North Carolina — 2.91% | ||||||||||||||||
1,500 | North Carolina State Revenue, Series B | 5.00 | 5/1/27 | 1,882 | ||||||||||||
300 | University of North Carolina at Greensboro Revenue | 5.00 | 4/1/25 | 359 | ||||||||||||
|
| |||||||||||||||
2,241 | ||||||||||||||||
|
| |||||||||||||||
Ohio — 8.45% | ||||||||||||||||
700 | American Municipal Power, Inc. Revenue, Series A, Callable 2/15/24 @ 100.00 | 5.00 | 2/15/27 | 801 | ||||||||||||
1,000 | Butler County Ohio Hospital Facilities Revenue, Series X | 5.00 | 5/15/29 | 1,278 | ||||||||||||
1,600 | Columbus Ohio State, GO, Series 1 (Pre-Refunded/Escrowed to Maturity) | 5.00 | 7/1/24 | 1,818 | ||||||||||||
500 | Ohio State Hospital Facility Revenue, Callable 1/1/28 @ 100.00 | 5.00 | 1/1/30 | 626 | ||||||||||||
800 | Ohio State University Revenue | 5.00 | 12/1/22 | 889 | ||||||||||||
975 | Ohio Water Development Authority Revenue | 5.00 | 6/1/22 | 1,066 | ||||||||||||
|
| |||||||||||||||
6,478 | ||||||||||||||||
|
| |||||||||||||||
Pennsylvania — 3.34% | ||||||||||||||||
1,375 | Blairsville-Saltsburg School District, GO (BAM State Aid Withholding) | 5.00 | 3/15/23 | 1,548 | ||||||||||||
1,000 | Pennsylvania State, GO, Series A | 5.00 | 5/1/20 | 1,013 | ||||||||||||
|
| |||||||||||||||
2,561 | ||||||||||||||||
|
| |||||||||||||||
South Dakota — 2.69% | ||||||||||||||||
1,675 | South Dakota Board of Regents Revenue, Callable 10/1/27 @ 100.00 | 5.00 | 4/1/29 | 2,068 | ||||||||||||
|
| |||||||||||||||
Texas — 18.49% | ||||||||||||||||
275 | City of Denton Texas, GO | 5.00 | 2/15/21 | 287 | ||||||||||||
1,550 | City of Missouri City Texas, GO, Callable 6/15/26 @ 100.00 | 5.00 | 6/15/30 | 1,862 | ||||||||||||
300 | City of Pearland Texas, GO, Callable 3/1/27 @ 100.00 | 5.00 | 3/1/29 | 367 | ||||||||||||
710 | Dallas Texas Waterworks & Sewer System Revenue (Pre-Refunded/Escrowed to Maturity) | 5.00 | 10/1/23 | 757 | ||||||||||||
540 | Dallas Texas Waterworks & Sewer System Revenue, Callable 10/1/21 @ 100.00 | 5.00 | 10/1/23 | 574 | ||||||||||||
1,500 | Harris County Texas Cultural Education Facilities Finance Corp. Medicine Facilities Revenue, | 5.00 | 10/1/27 | 1,802 | ||||||||||||
1,545 | Harris County Texas Revenue, Series A, Callable 8/15/26 @ 100.00 | 5.00 | 8/15/30 | 1,869 | ||||||||||||
1,120 | Houston Community College System Revenue | 5.00 | 4/15/21 | 1,175 | ||||||||||||
1,460 | Humble Independent School District, GO, Series C | 5.00 | 2/15/24 | 1,685 | ||||||||||||
1,715 | North East Independent School District Texas, GO, Series B (PSF-GTD) | 5.00 | 2/1/24 | 1,977 | ||||||||||||
1,500 | Texas State Water Development Board Revenue, Series A, Callable 10/15/25 @ 100.00 | 5.00 | 4/15/26 | 1,815 | ||||||||||||
|
| |||||||||||||||
14,170 | ||||||||||||||||
|
| |||||||||||||||
Washington — 12.24% | ||||||||||||||||
1,050 | King County School District No. 405 Bellevue, GO, Callable 12/1/27 @ 100.00 (SCH BD GTY) | 5.00 | 12/1/29 | 1,321 | ||||||||||||
1,250 | King County School District No. 410 Snoqualmie Valley, GO, Callable 6/1/27 @ 100.00 (SCH BD GTY) | 5.00 | 12/1/27 | 1,565 | ||||||||||||
1,400 | King County Washington Sewer Revenue (Pre-Refunded/Escrowed to Maturity) | 5.00 | 1/1/24 | 1,508 | ||||||||||||
500 | King County Washington Sewer Revenue | 5.00 | 1/1/20 | 500 | ||||||||||||
1,000 | King County Washington, GO | 5.25 | 1/1/23 | 1,123 | ||||||||||||
1,750 | State of Washington, GO, Series A | 5.00 | 8/1/21 | 1,857 | ||||||||||||
1,500 | Tacoma Washington Water Revenue, Series A, Callable 6/1/20 @ 100.00 | 5.00 | 12/1/22 | 1,523 | ||||||||||||
|
| |||||||||||||||
9,397 | ||||||||||||||||
|
| |||||||||||||||
West Virginia — 2.42% | ||||||||||||||||
1,465 | State of West Virginia, GO, Series A, Callable 6/1/29 @ 100.00 | 5.00 | 6/1/33 | 1,858 | ||||||||||||
|
| |||||||||||||||
Wisconsin — 1.09% | ||||||||||||||||
800 | DeForest Area School District, GO | 5.00 | 4/1/21 | 838 | ||||||||||||
|
| |||||||||||||||
Total Municipal Bonds | 73,142 | |||||||||||||||
|
|
See accompanying notes to financial statements.
224
HC CAPITAL TRUST
The Intermediate Term Municipal Bond II Portfolio
Portfolio of Investments (concluded) — December 31, 2019 (Unaudited)
Shares | Security Description | Rate % | Value (000) | |||||||||
Investment Company — 3.50% | ||||||||||||
2,682,204 | State Street Institutional Treasury Plus Money Market Fund, Trust Class | 1.49 | (a) | $ | 2,682 | |||||||
|
| |||||||||||
Total Investment Company | 2,682 | |||||||||||
|
| |||||||||||
Total Investments (cost $72,609) — 98.82% | 75,824 | |||||||||||
Other assets in excess of liabilities — 1.18% | 902 | |||||||||||
|
| |||||||||||
Net Assets — 100.00% | $ | 76,726 | ||||||||||
|
|
(a) | The rate disclosed is the rate in effect on December 31, 2019. |
AGM — Assured Guaranty Municipal Corporation
BAM — Build America Mutual
GO — General Obligation
PSF-GTD — Public School Fund Guaranteed
SCH BD GTY — School Board Guaranty
The following table reflects the percentage of total net assets of the Portfolio attributable to each Specialist Manager as of December 31, 2019.
The Intermediate Term Municipal Bond II Portfolio | Breckinridge Capital Advisors, Inc. | HC Capital Solutions | Total | |||||||||
Municipal Bonds | 95.32 | % | — | 95.32 | % | |||||||
Investment Company | 0.45 | % | 3.05 | % | 3.50 | % | ||||||
Other Assets (Liabilities) | 1.39 | % | -0.21 | % | 1.18 | % | ||||||
|
|
|
|
|
| |||||||
Total Net Assets | 97.16 | % | 2.84 | % | 100.00 | % | ||||||
|
|
|
|
|
|
Amounts designated as “—” indicate the Specialist Manager did not manage any holdings in that category.
See accompanying notes to financial statements.
225
HC CAPITAL TRUST
Statements of Assets and Liabilities
As of December 31, 2019 (Unaudited)
(Amounts in thousands, except per share amounts)
The Value Equity Portfolio | The Institutional Value Equity Portfolio | The Growth Equity Portfolio | The Institutional Growth Equity Portfolio | |||||||||||||
ASSETS: | ||||||||||||||||
Investments in securities, at value(a) | $ | 603,886 | $ | 1,415,864 | $ | 801,348 | $ | 1,464,650 | ||||||||
Cash | — | 2,401 | 1,343 | 3,752 | ||||||||||||
Foreign currency, at value (Cost $15, $29, $0 and $0, respectively) | 15 | 28 | — | — | ||||||||||||
Receivable for portfolio shares issued | — | 157 | — | 149 | ||||||||||||
Receivable from investments sold | 1,018 | 19,832 | — | — | ||||||||||||
Variation margin receivable on futures contracts | 14 | 1,145 | 47 | 995 | ||||||||||||
Cash held as collateral at broker for futures contracts | 321 | 718 | 968 | 3,012 | ||||||||||||
Dividends and interest receivable | 683 | 1,958 | 886 | 1,426 | ||||||||||||
Foreign tax reclaims receivable | — | — | 100 | 82 | ||||||||||||
Prepaid expenses | 17 | 25 | 20 | 27 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total assets | 605,954 | 1,442,128 | 804,712 | 1,474,093 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
LIABILITIES: | ||||||||||||||||
Payable for portfolio shares redeemed | — | 8,851 | — | 12,382 | ||||||||||||
Payable for collateral received on loaned securities | 151 | — | 1,420 | — | ||||||||||||
Advisory fees payable | 42 | 78 | 167 | 181 | ||||||||||||
Management fees payable | 25 | 62 | 34 | 63 | ||||||||||||
Administrative services fees payable | 15 | 36 | 20 | 37 | ||||||||||||
Trustee fees payable | 7 | 5 | 10 | 7 | ||||||||||||
Professional fees payable | 19 | 17 | 26 | 26 | ||||||||||||
Custodian fees payable | 11 | 6 | 15 | 11 | ||||||||||||
Other accrued expenses | 17 | 13 | 26 | 19 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total liabilities | 287 | 9,068 | 1,718 | 12,726 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
NET ASSETS | $ | 605,667 | $ | 1,433,060 | $ | 802,994 | $ | 1,461,367 | ||||||||
|
|
|
|
|
|
|
| |||||||||
NET ASSETS CONSISTS OF: | ||||||||||||||||
Shares of beneficial interest, at par value | $ | 27 | $ | 107 | $ | 31 | $ | 86 | ||||||||
Additional paid-in capital | 415,278 | 1,213,953 | 346,801 | 1,020,267 | ||||||||||||
Total distributable earnings | 190,362 | 219,000 | 456,162 | 441,014 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Net Assets | $ | 605,667 | $ | 1,433,060 | $ | 802,994 | $ | 1,461,367 | ||||||||
|
|
|
|
|
|
|
| |||||||||
NET ASSETS: | ||||||||||||||||
HC Strategic Shares | $ | 605,667 | $ | 1,433,060 | $ | 802,994 | $ | 1,461,367 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Total | $ | 605,667 | $ | 1,433,060 | $ | 802,994 | $ | 1,461,367 | ||||||||
|
|
|
|
|
|
|
| |||||||||
SHARES OF BENEFICIAL INTEREST OUTSTANDING | ||||||||||||||||
(Unlimited number of shares authorized; par value $0.001): | ||||||||||||||||
HC Strategic Shares | 27,499 | 107,255 | 31,417 | 86,484 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total | 27,499 | 107,255 | 31,417 | 86,484 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Net Asset Value, offering and redemption price per share:(b) | ||||||||||||||||
HC Strategic Shares | $ | 22.03 | $ | 13.36 | $ | 25.56 | $ | 16.90 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Investments in securities, at cost | $ | 402,022 | $ | 1,196,834 | $ | 377,486 | $ | 1,054,386 |
Amounts designated as “—” are $0 or have been rounded to $0.
(a) | Includes securities on loan of $149, $0, $1,436 and $0, respectively. |
(b) | Per share amounts may not recalculate due to rounding of net assets and/or shares outstanding. |
See accompanying notes to financial statements.
226
HC CAPITAL TRUST
Statements of Assets and Liabilities (continued)
As of December 31, 2019 (Unaudited)
(Amounts in thousands, except per share amounts)
The Small Capitalization– Mid Capitalization Equity Portfolio | The Institutional Small Capitalization– Mid Capitalization Equity Portfolio | The Real Estate Securities Portfolio | The Commodity Returns Strategy Portfolio(a) | |||||||||||||
ASSETS: | ||||||||||||||||
Investments in securities, at value(b) | $ | 97,891 | $ | 141,471 | $ | 90,979 | $ | 119,477 | ||||||||
Repurchase agreements, at value and cost | — | — | — | 4,800 | ||||||||||||
Cash | 922 | 899 | 58 | 142 | ||||||||||||
Foreign currency, at value (Cost $0, $0, $0 and | — | — | 1 | 1,773 | ||||||||||||
Swap agreements, at value | — | — | — | 6 | ||||||||||||
Receivable from investments sold | 5 | 5 | 472 | — | ||||||||||||
Variation margin receivable on futures contracts | 8 | 64 | 101 | 36 | ||||||||||||
Cash held as collateral at broker for futures contracts | 261 | 2,087 | 711 | 225 | ||||||||||||
Dividends and interest receivable | 94 | 154 | 336 | 250 | ||||||||||||
Foreign tax reclaims receivable | — | — | — | 286 | ||||||||||||
Prepaid expenses | 10 | 10 | 10 | 13 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total assets | 99,191 | 144,690 | 92,668 | 127,008 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
LIABILITIES: | ||||||||||||||||
Written options, at fair value (Premiums received $0, $0, $0 and | — | — | — | — | ||||||||||||
Payable for investments purchased | 23 | 22 | 461 | — | ||||||||||||
Payable for portfolio shares redeemed | — | 1,109 | 1,120 | — | ||||||||||||
Payable for collateral received on loaned securities | 1,121 | 1,096 | — | — | ||||||||||||
Advisory fees payable | 20 | 21 | 43 | 14 | ||||||||||||
Management fees payable | 4 | 6 | 4 | 5 | ||||||||||||
Administrative services fees payable | 2 | 4 | 2 | 3 | ||||||||||||
Trustee fees payable | 1 | 1 | 1 | 3 | ||||||||||||
Professional fees payable | 8 | 5 | 4 | 45 | ||||||||||||
Custodian fees payable | 7 | 4 | 3 | 39 | ||||||||||||
Other accrued expenses | 10 | 7 | 6 | 30 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total liabilities | 1,196 | 2,275 | 1,644 | 139 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
NET ASSETS | $ | 97,995 | $ | 142,415 | $ | 91,024 | $ | 126,869 | ||||||||
|
|
|
|
|
|
|
| |||||||||
NET ASSETS CONSISTS OF: | ||||||||||||||||
Shares of beneficial interest, at par value | $ | 4 | $ | 11 | $ | 32 | $ | 14 | ||||||||
Additional paid-in capital | 70,082 | 121,984 | 68,400 | 229,180 | ||||||||||||
Total distributable earnings/(loss) | 27,909 | 20,420 | 22,592 | (102,325 | ) | |||||||||||
|
|
|
|
|
|
|
| |||||||||
Net Assets | $ | 97,995 | $ | 142,415 | $ | 91,024 | $ | 126,869 | ||||||||
|
|
|
|
|
|
|
| |||||||||
NET ASSETS: | ||||||||||||||||
HC Strategic Shares | $ | 97,995 | $ | 142,415 | $ | 91,024 | $ | 126,869 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Total | $ | 97,995 | $ | 142,415 | $ | 91,024 | $ | 126,869 | ||||||||
|
|
|
|
|
|
|
| |||||||||
SHARES OF BENEFICIAL INTEREST OUTSTANDING | ||||||||||||||||
(Unlimited number of shares authorized; par value $0.001): | ||||||||||||||||
HC Strategic Shares | 3,655 | 10,699 | 32,462 | 13,740 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total | 3,655 | 10,699 | 32,462 | 13,740 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Net Asset Value, offering and redemption price per share:(c) | ||||||||||||||||
HC Strategic Shares | $ | 26.81 | $ | 13.31 | $ | 2.80 | $ | 9.23 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Investments in securities, at cost | $ | 69,812 | $ | 123,047 | $ | 68,647 | $ | 87,754 |
Amounts designated as “—” are $0 or have been rounded to $0.
(a) | Statement has been consolidated. See Note 2.N. in the Notes to Financial Statements for basis of consolidation. |
(b) | Includes securities on loan of $1,087, $1,046, $0 and $3, respectively. |
(c) | Per share amounts may not recalculate due to rounding of net assets and/or shares outstanding. |
See accompanying notes to financial statements.
227
HC CAPITAL TRUST
Statements of Assets and Liabilities (continued)
As of December 31, 2019 (Unaudited)
(Amounts in thousands, except per share amounts)
The ESG Growth Portfolio | The Catholic SRI Growth Portfolio | The International Equity Portfolio | The Institutional International Equity Portfolio | |||||||||||||
ASSETS: | ||||||||||||||||
Investments in securities, at value(a) | $ | 159,864 | $ | 56,597 | $ | 885,957 | $ | 1,759,068 | ||||||||
Cash | — | 6 | 7,620 | 14,017 | ||||||||||||
Foreign currency, at value (Cost $446, $103, $1,568 and $2,156, respectively) | 448 | 103 | 1,904 | 2,192 | ||||||||||||
Unrealized appreciation on forward currency contracts | — | — | — | 1 | ||||||||||||
Receivable for portfolio shares issued | — | — | — | 422 | ||||||||||||
Receivable from investments sold | — | — | 229 | 505 | ||||||||||||
Variation margin receivable on futures contracts | 36 | — | 5 | 979 | ||||||||||||
Cash held as collateral at broker for futures contracts | 518 | — | 52 | 10,856 | ||||||||||||
Dividends and interest receivable | 150 | 53 | 1,525 | 2,825 | ||||||||||||
Foreign tax reclaims receivable | 233 | 42 | 3,319 | 6,517 | ||||||||||||
Receivable from Advisor | — | 14 | — | — | ||||||||||||
Prepaid expenses | 6 | 2 | 22 | 36 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total assets | 161,255 | 56,817 | 900,633 | 1,797,418 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
LIABILITIES: | ||||||||||||||||
Payable for investments purchased | — | — | 319 | 642 | ||||||||||||
Payable for portfolio shares redeemed | — | — | — | 16,149 | ||||||||||||
Payable for collateral received on loaned securities | — | 49 | — | 2,981 | ||||||||||||
Advisory fees payable | 13 | 5 | 222 | 460 | ||||||||||||
Management fees payable | 6 | — | 29 | 77 | ||||||||||||
Administrative services fees payable | 4 | 1 | 22 | 45 | ||||||||||||
Trustee fees payable | 1 | — | 15 | 27 | ||||||||||||
Professional fees payable | 3 | 1 | 57 | 87 | ||||||||||||
Custodian fees payable | 3 | 2 | 76 | 120 | ||||||||||||
Other accrued expenses | 6 | 8 | 52 | 79 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total liabilities | 36 | 66 | 792 | 20,667 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
NET ASSETS | $ | 161,219 | $ | 56,751 | $ | 899,841 | $ | 1,776,751 | ||||||||
|
|
|
|
|
|
|
| |||||||||
NET ASSETS CONSISTS OF: | ||||||||||||||||
Shares of beneficial interest, at par value | $ | 14 | $ | 5 | $ | 80 | $ | 172 | ||||||||
Additional paid-in capital | 142,030 | 50,765 | 767,022 | 1,591,656 | ||||||||||||
Total distributable earnings | 19,175 | 5,981 | 132,739 | 184,923 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Net Assets | $ | 161,219 | $ | 56,751 | $ | 899,841 | $ | 1,776,751 | ||||||||
|
|
|
|
|
|
|
| |||||||||
NET ASSETS: | ||||||||||||||||
HC Strategic Shares | $ | 161,219 | $ | 56,751 | $ | 899,841 | $ | 1,776,751 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Total | $ | 161,219 | $ | 56,751 | $ | 899,841 | $ | 1,776,751 | ||||||||
|
|
|
|
|
|
|
| |||||||||
SHARES OF BENEFICIAL INTEREST OUTSTANDING | ||||||||||||||||
(Unlimited number of shares authorized; par value $0.001): | ||||||||||||||||
HC Strategic Shares | 14,267 | 4,570 | 80,327 | 172,030 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total | 14,267 | 4,570 | 80,327 | 172,030 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Net Asset Value, offering and redemption price per share:(b) | ||||||||||||||||
HC Strategic Shares | $ | 11.30 | $ | 12.42 | $ | 11.20 | $ | 10.33 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Investments in securities, at cost | $ | 140,593 | $ | 50,361 | $ | 721,340 | $ | 1,525,602 |
Amounts designated as “—” are $0 or have been rounded to $0.
(a) | Includes securities on loan of $0, $48, $0 and $12,533, respectively. |
(b) | Per share amounts may not recalculate due to rounding of net assets and/or shares outstanding. |
See accompanying notes to financial statements.
228
HC CAPITAL TRUST
Statements of Assets and Liabilities (continued)
As of December 31, 2019 (Unaudited)
(Amounts in thousands, except per share amounts)
The Emerging Markets Portfolio | The Core Fixed Income Portfolio | The Fixed Income Opportunity Portfolio | The U.S. Government Fixed Income Securities Portfolio | |||||||||||||
ASSETS: | ||||||||||||||||
Investments in securities, at value(a) | $ | 1,347,275 | $ | 66,325 | $ | 497,543 | $ | 324,526 | ||||||||
Cash | 394 | 48 | 6,010 | 221 | ||||||||||||
Foreign currency, at value (Cost $1,076, $0, $0 and $0, respectively) | 1,095 | — | — | — | ||||||||||||
Receivable for portfolio shares issued | 58 | 3 | 2 | 239 | ||||||||||||
Receivable from investments sold | — | 848 | — | 6,822 | ||||||||||||
Variation margin receivable on futures contracts | 234 | — | 347 | — | ||||||||||||
Cash held as collateral at broker for futures contracts | 3,622 | — | 7,428 | — | ||||||||||||
Dividends and interest receivable | 3,227 | 427 | 569 | 1,732 | ||||||||||||
Foreign tax reclaims receivable | 18 | — | — | — | ||||||||||||
Prepaid expenses | 29 | 7 | 15 | 14 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total assets | 1,355,952 | 67,658 | 511,914 | 333,554 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
LIABILITIES: | ||||||||||||||||
Distributions payable | — | 1 | — | 168 | ||||||||||||
Payable for investments purchased | — | 3,185 | — | 7,014 | ||||||||||||
Payable for portfolio shares redeemed | 8,008 | 9 | 5,586 | 1,630 | ||||||||||||
Payable for collateral received on loaned securities | 6,258 | — | 1,177 | — | ||||||||||||
Accrued foreign capital gains tax | 2,580 | — | — | — | ||||||||||||
Advisory fees payable | 618 | 4 | 186 | 17 | ||||||||||||
Management fees payable | 56 | 3 | 22 | 14 | ||||||||||||
Administrative services fees payable | 33 | 2 | 13 | 8 | ||||||||||||
Trustee fees payable | 13 | 1 | 8 | 4 | ||||||||||||
Professional fees payable | 39 | 2 | 21 | 10 | ||||||||||||
Custodian fees payable | 272 | 4 | 22 | 5 | ||||||||||||
Other accrued expenses | 41 | 11 | 28 | 14 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total liabilities | 17,918 | 3,222 | 7,063 | 8,884 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
NET ASSETS | $ | 1,338,034 | $ | 64,436 | $ | 504,851 | $ | 324,670 | ||||||||
|
|
|
|
|
|
|
| |||||||||
NET ASSETS CONSISTS OF: | ||||||||||||||||
Shares of beneficial interest, at par value | $ | 71 | $ | 6 | $ | 73 | $ | 32 | ||||||||
Additional paid-in capital | 1,301,670 | 62,080 | 539,308 | 314,115 | ||||||||||||
Total distributable earnings/(loss) | 36,293 | 2,350 | (34,530 | ) | 10,523 | |||||||||||
|
|
|
|
|
|
|
| |||||||||
Net Assets | $ | 1,338,034 | $ | 64,436 | $ | 504,851 | $ | 324,670 | ||||||||
|
|
|
|
|
|
|
| |||||||||
NET ASSETS: | ||||||||||||||||
HC Strategic Shares | $ | 1,338,034 | $ | 64,436 | $ | 504,851 | $ | 324,670 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Total | $ | 1,338,034 | $ | 64,436 | $ | 504,851 | $ | 324,670 | ||||||||
|
|
|
|
|
|
|
| |||||||||
SHARES OF BENEFICIAL INTEREST OUTSTANDING | ||||||||||||||||
(Unlimited number of shares authorized; par value $0.001): | ||||||||||||||||
HC Strategic Shares | 71,162 | 6,385 | 72,856 | 32,246 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total | 71,162 | 6,385 | 72,856 | 32,246 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Net Asset Value, offering and redemption price per share:(b) | ||||||||||||||||
HC Strategic Shares | $ | 18.80 | $ | 10.09 | $ | 6.93 | $ | 10.07 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Investments in securities, at cost | $ | 1,160,516 | $ | 63,784 | $ | 498,858 | $ | 313,250 |
Amounts designated as “—” are $0 or have been rounded to $0.
(a) | Includes securities on loan of $5,990, $0, $0 and $0, respectively. |
(b) | Per share amounts may not recalculate due to rounding of net assets and/or shares outstanding. |
See accompanying notes to financial statements.
229
HC CAPITAL TRUST
Statements of Assets and Liabilities (continued)
As of December 31, 2019 (Unaudited)
(Amounts in thousands, except per share amounts)
The Inflation Protected Securities Portfolio | The U.S. Corporate Fixed Income Securities Portfolio | The U.S. Mortgage/Asset Backed Fixed Income Securities Portfolio | The Short-Term Municipal Bond Portfolio | |||||||||||||
ASSETS: | ||||||||||||||||
Investments in securities, at value | $ | 351,254 | $ | 327,467 | $ | 260,232 | $ | 109,310 | ||||||||
Receivable for portfolio shares issued | 84 | 240 | 255 | 33 | ||||||||||||
Receivable from investments sold | 3,888 | 1,346 | 2,370 | — | ||||||||||||
Dividends and interest receivable | 951 | 3,132 | 574 | 1,582 | ||||||||||||
TBA sale commitments receivable | — | — | 108 | — | ||||||||||||
Prepaid expenses | 25 | 14 | 12 | 9 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total assets | 356,202 | 332,199 | 263,551 | 110,934 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
LIABILITIES: | ||||||||||||||||
Distributions payable | 606 | 217 | 145 | 8 | ||||||||||||
Payable for investments purchased | 3,881 | 2,421 | 33,600 | — | ||||||||||||
Payable for portfolio shares redeemed | 1,213 | 4,199 | 3,156 | 34 | ||||||||||||
TBA sale commitments, at fair value | — | — | 108 | — | ||||||||||||
Advisory fees payable | 12 | 21 | 11 | 12 | ||||||||||||
Management fees payable | 15 | 14 | 10 | 5 | ||||||||||||
Administrative services fees payable | 9 | 8 | 6 | 3 | ||||||||||||
Trustee fees payable | 6 | 4 | 3 | 1 | ||||||||||||
Professional fees payable | 15 | 11 | 8 | 3 | ||||||||||||
Custodian fees payable | 8 | 6 | 5 | 2 | ||||||||||||
Other accrued expenses | 17 | 15 | 22 | 7 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total liabilities | 5,782 | 6,916 | 37,074 | 75 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
NET ASSETS | $ | 350,420 | $ | 325,283 | $ | 226,477 | $ | 110,859 | ||||||||
|
|
|
|
|
|
|
| |||||||||
NET ASSETS CONSISTS OF: | ||||||||||||||||
Shares of beneficial interest, at par value | $ | 34 | $ | 31 | $ | 24 | $ | 11 | ||||||||
Additional paid-in capital | 340,557 | 307,372 | 233,386 | 109,383 | ||||||||||||
Total distributable earnings/(loss) | 9,829 | 17,880 | (6,933 | ) | 1,465 | |||||||||||
|
|
|
|
|
|
|
| |||||||||
Net Assets | $ | 350,420 | $ | 325,283 | $ | 226,477 | $ | 110,859 | ||||||||
|
|
|
|
|
|
|
| |||||||||
NET ASSETS: | ||||||||||||||||
HC Strategic Shares | $ | 350,420 | $ | 325,283 | $ | 226,477 | $ | 110,859 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Total | $ | 350,420 | $ | 325,283 | $ | 226,477 | $ | 110,859 | ||||||||
|
|
|
|
|
|
|
| |||||||||
SHARES OF BENEFICIAL INTEREST OUTSTANDING | ||||||||||||||||
(Unlimited number of shares authorized; par value $0.001): | ||||||||||||||||
HC Strategic Shares | 34,213 | 31,097 | 23,555 | 11,145 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total | 34,213 | 31,097 | 23,555 | 11,145 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Net Asset Value, offering and redemption price per share:(a) | ||||||||||||||||
HC Strategic Shares | $ | 10.24 | $ | 10.46 | $ | 9.62 | $ | 9.95 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Investments in securities, at cost | $ | 339,290 | $ | 310,358 | $ | 257,042 | $ | 107,853 |
Amounts designated as “—” are $0 or have been rounded to $0.
(a) | Per share amounts may not recalculate due to rounding of net assets and/or shares outstanding. |
See accompanying notes to financial statements.
230
HC CAPITAL TRUST
Statements of Assets and Liabilities (concluded)
As of December 31, 2019 (Unaudited)
(Amounts in thousands, except per share amounts)
The Intermediate Term Municipal Bond Portfolio | The Intermediate Term Municipal Bond II Portfolio | |||||||
ASSETS: | ||||||||
Investments in securities, at value | $ | 385,401 | $ | 75,824 | ||||
Cash | 489 | — | ||||||
Receivable for portfolio shares issued | 71 | 25 | ||||||
Dividends and interest receivable | 3,718 | 940 | ||||||
Prepaid expenses | 11 | 6 | ||||||
|
|
|
| |||||
Total assets | 389,690 | 76,795 | ||||||
|
|
|
| |||||
LIABILITIES: | ||||||||
Distributions payable | 35 | 8 | ||||||
Payable for investments purchased | 4,223 | — | ||||||
Payable for portfolio shares redeemed | 255 | 40 | ||||||
Advisory fees payable | 153 | 8 | ||||||
Management fees payable | 16 | 3 | ||||||
Administrative services fees payable | 9 | 2 | ||||||
Trustee fees payable | 5 | 1 | ||||||
Professional fees payable | 15 | 2 | ||||||
Custodian fees payable | 8 | 1 | ||||||
Other accrued expenses | 18 | 4 | ||||||
|
|
|
| |||||
Total liabilities | 4,737 | 69 | ||||||
|
|
|
| |||||
NET ASSETS | $ | 384,953 | $ | 76,726 | ||||
|
|
|
| |||||
NET ASSETS CONSISTS OF: | ||||||||
Shares of beneficial interest, at par value | $ | 38 | $ | 7 | ||||
Additional paid-in capital | 377,277 | 73,729 | ||||||
Total distributable earnings | 7,638 | 2,990 | ||||||
|
|
|
| |||||
Net Assets | $ | 384,953 | $ | 76,726 | ||||
|
|
|
| |||||
NET ASSETS: | ||||||||
HC Strategic Shares | $ | 384,953 | $ | 76,726 | ||||
|
|
|
| |||||
Total | $ | 384,953 | $ | 76,726 | ||||
|
|
|
| |||||
SHARES OF BENEFICIAL INTEREST OUTSTANDING | ||||||||
(Unlimited number of shares authorized; par value $0.001): | ||||||||
HC Strategic Shares | 37,544 | 7,376 | ||||||
|
|
|
| |||||
Total | 37,544 | 7,376 | ||||||
|
|
|
| |||||
Net Asset Value, offering and redemption price per share:(a) | ||||||||
HC Strategic Shares | $ | 10.25 | $ | 10.40 | ||||
|
|
|
| |||||
Investments in securities, at cost | $ | 379,768 | $ | 72,609 |
Amounts designated as “—” are $0 or have been rounded to $0.
(a) | Per share amounts may not recalculate due to rounding of net assets and/or shares outstanding. |
See accompanying notes to financial statements.
231
HC CAPITAL TRUST
For the Six Months Ended December 31, 2019 (Unaudited)
(Amounts in thousands)
The Value Equity Portfolio | The Institutional Value Equity Portfolio | The Growth Equity Portfolio | The Institutional Growth Equity Portfolio | |||||||||||||
INVESTMENT INCOME: | ||||||||||||||||
Interest | $ | 1 | $ | 16 | $ | 2 | $ | 7 | ||||||||
Dividends (net of foreign withholding tax of $1, $0, $0 and $6, respectively) | 6,026 | 16,569 | 6,628 | 11,298 | ||||||||||||
Income from securities lending | 5 | — | 20 | 4 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investment Income | 6,032 | 16,585 | 6,650 | 11,309 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
EXPENSES: | ||||||||||||||||
Advisory fees | 257 | 460 | 521 | 599 | ||||||||||||
Management fees | 149 | 367 | 201 | 374 | ||||||||||||
Administrative services fees | 100 | 228 | 129 | 233 | ||||||||||||
Professional fees | 43 | 102 | 55 | 115 | ||||||||||||
Transfer agent fees | 8 | 14 | 11 | 15 | ||||||||||||
Compliance service fees | 6 | 10 | 8 | 11 | ||||||||||||
Custodian fees | 26 | 40 | 35 | 51 | ||||||||||||
Registration and filing fees | 10 | 8 | 10 | 7 | ||||||||||||
Trustee fees | 20 | 35 | 27 | 40 | ||||||||||||
Other | 23 | 38 | 27 | 44 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total expenses before expenses paid indirectly | 642 | 1,302 | 1,024 | 1,489 | ||||||||||||
Less: Expenses paid indirectly | — | — | (3 | ) | (4 | ) | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Net Expenses | 642 | 1,302 | 1,021 | 1,485 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Net Investment Income | 5,390 | 15,283 | 5,629 | 9,824 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
NET REALIZED/UNREALIZED GAIN/(LOSS) ON INVESTMENTS: | ||||||||||||||||
Net realized gains/(losses) from investments in securities and foreign currency translations | (3 | ) | 7,393 | 40,017 | 87,938 | |||||||||||
Net realized gains/(losses) from futures transactions | 926 | 11,456 | 1,424 | 10,803 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Net realized gains/(losses) from investments | 923 | 18,849 | 41,441 | 98,741 | ||||||||||||
Change in unrealized appreciation/(depreciation) on investments in securities and foreign currency translations | 51,007 | 101,624 | 23,792 | 38,854 | ||||||||||||
Change in unrealized appreciation/(depreciation) on futures | (80 | ) | (3,982 | ) | 23 | 721 | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Change in unrealized appreciation/(depreciation) on investments | 50,927 | 97,642 | 23,815 | 39,575 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Net realized/unrealized gains/(losses) from investments | 51,850 | 116,491 | 65,256 | 138,316 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Change in net assets resulting from operations | $ | 57,240 | $ | 131,774 | $ | 70,885 | $ | 148,140 | ||||||||
|
|
|
|
|
|
|
|
Amounts designated as “—” are $0 or have been rounded to $0.
See accompanying notes to financial statements.
232
HC CAPITAL TRUST
Statements of Operations (continued)
For the Six Months Ended December 31, 2019 (Unaudited)
(Amounts in thousands)
The Small Capitalization– Mid Capitalization Equity Portfolio | The Institutional Small Capitalization– Mid Capitalization Equity Portfolio | The Real Estate Securities Portfolio | The Commodity Returns Strategy Portfolio(a) | |||||||||||||
INVESTMENT INCOME: | ||||||||||||||||
Interest | $ | — | $ | 1 | $ | — | $ | 53 | ||||||||
Dividends (net of foreign withholding tax of $2, $2, $0 and $189, respectively) | 615 | 936 | 1,210 | 2,214 | ||||||||||||
Income from securities lending | 45 | 59 | — | 3 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investment Income | 660 | 996 | 1,210 | 2,270 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
EXPENSES: | ||||||||||||||||
Advisory fees | 164 | 169 | 320 | 87 | ||||||||||||
Management fees | 24 | 36 | 28 | 34 | ||||||||||||
Administrative services fees | 28 | 35 | 23 | 45 | ||||||||||||
Professional fees | 15 | 14 | 10 | 61 | ||||||||||||
Transfer agent fees | 1 | 2 | 1 | 2 | ||||||||||||
Compliance service fees | 1 | 1 | 1 | 2 | ||||||||||||
Custodian fees | 17 | 12 | 7 | 52 | ||||||||||||
Registration and filing fees | 8 | 7 | 7 | 10 | ||||||||||||
Trustee fees | 4 | 5 | 3 | 6 | ||||||||||||
Other | 6 | 6 | 3 | 14 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total expenses before expenses paid indirectly | 268 | 287 | 403 | 313 | ||||||||||||
Less: Expenses paid indirectly | (4 | ) | (3 | ) | — | — | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Net Expenses | 264 | 284 | 403 | 313 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Net Investment Income | 396 | 712 | 807 | 1,957 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
NET REALIZED/UNREALIZED GAIN/(LOSS) ON INVESTMENTS: | ||||||||||||||||
Net realized gains/(losses) from investment in securities and foreign currency translations | 1,193 | 10,639 | 13,479 | 577 | ||||||||||||
Net realized gains/(losses) from futures transactions | 1,049 | 2,984 | 526 | 746 | ||||||||||||
Net realized gains/(losses) from written options transactions | — | — | — | (8 | ) | |||||||||||
Net realized gains/(losses) from swap transactions | — | — | — | 9 | ||||||||||||
Net realized gains/(losses) from forward currency contracts transactions | — | — | — | (7 | ) | |||||||||||
|
|
|
|
|
|
|
| |||||||||
Net realized gains/(losses) from investments | 2,242 | 13,623 | 14,005 | 1,317 | ||||||||||||
Change in unrealized appreciation/(depreciation) on investments in securities and foreign currency translations | 3,591 | (4,646 | ) | (5,849 | ) | (571 | ) | |||||||||
Change in unrealized appreciation/(depreciation) on futures | 38 | 468 | 543 | (212 | ) | |||||||||||
Change in unrealized appreciation/(depreciation) on written options | — | — | — | 3 | ||||||||||||
Change in unrealized appreciation/(depreciation) on swaps | — | — | — | 1 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Change in unrealized appreciation/(depreciation) on investments | 3,629 | (4,178 | ) | (5,306 | ) | (779 | ) | |||||||||
|
|
|
|
|
|
|
| |||||||||
Net realized/unrealized gains/(losses) from investments | 5,871 | 9,445 | 8,699 | 538 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Change in net assets resulting from operations. . . . . . . . . . . . . . | $ | 6,267 | $ | 10,157 | $ | 9,506 | $ | 2,495 | ||||||||
|
|
|
|
|
|
|
|
Amounts designated as “—” are $0 or have been rounded to $0.
(a) | Statement has been consolidated. See Note 2.N. in the Notes to Financial Statements for basis of consolidation. |
See accompanying notes to financial statements.
233
HC CAPITAL TRUST
Statements of Operations (continued)
For the Six Months Ended December 31, 2019 (Unaudited)
(Amounts in thousands)
The ESG Growth Portfolio | The Catholic SRI Growth Portfolio | The International Equity Portfolio | The Institutional International Equity Portfolio | |||||||||||||
INVESTMENT INCOME: | ||||||||||||||||
Interest | $ | 1 | $ | — | $ | 100 | $ | 5 | ||||||||
Dividends (net of foreign withholding tax of $87, $35, $1,265 and $2,317, respectively) | 1,493 | 524 | 8,961 | 19,613 | ||||||||||||
Income from securities lending | — | 3 | 42 | 92 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investment Income | 1,494 | 527 | 9,103 | 19,710 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
EXPENSES: | ||||||||||||||||
Advisory fees | 123 | 41 | 1,416 | 2,729 | ||||||||||||
Management fees | 38 | 13 | 211 | 449 | ||||||||||||
Administrative services fees | 42 | 30 | 162 | 308 | ||||||||||||
Professional fees | 15 | 5 | 93 | 155 | ||||||||||||
Transfer agent fees | 2 | 1 | 13 | 26 | ||||||||||||
Compliance service fees | 1 | 1 | 10 | 19 | ||||||||||||
Custodian fees | 13 | 10 | 138 | 234 | ||||||||||||
Registration and filing fees | 3 | — | 10 | 7 | ||||||||||||
Trustee fees | 5 | 2 | 35 | 70 | ||||||||||||
Other | 13 | 10 | 42 | 79 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total expenses before waivers and expenses paid indirectly | 255 | 113 | 2,130 | 4,076 | ||||||||||||
Less: Expenses waived by Specialist Manager | (38 | ) | (14 | ) | — | — | ||||||||||
Expenses paid indirectly | — | — | (4 | ) | (4 | ) | ||||||||||
Expenses waived and/or reimbursed by Advisor | — | (17 | ) | — | — | |||||||||||
|
|
|
|
|
|
|
| |||||||||
Net Expenses | 217 | 82 | 2,126 | 4,072 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Net Investment Income | 1,277 | 445 | 6,977 | 15,638 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
NET REALIZED/UNREALIZED GAIN/(LOSS) ON INVESTMENTS: | ||||||||||||||||
Net realized gains/(losses) from investment in securities and foreign currency translations | 295 | (61 | ) | 13,794 | (11,406 | ) | ||||||||||
Net realized gains/(losses) from futures transactions | 720 | — | 484 | 14,023 | ||||||||||||
Net realized gains/(losses) from forward currency contracts transactions | (1 | ) | — | 739 | 800 | |||||||||||
|
|
|
|
|
|
|
| |||||||||
Net realized gains/(losses) from investments | 1,014 | (61 | ) | 15,017 | 3,417 | |||||||||||
Change in unrealized appreciation/(depreciation) on investments in securities and foreign currency translations | 11,623 | 4,198 | 45,764 | 107,508 | ||||||||||||
Change in unrealized appreciation/(depreciation) on futures | (68 | ) | — | (208 | ) | (135 | ) | |||||||||
Change in unrealized appreciation/(depreciation) on forward currency contracts | — | — | 1 | (2 | ) | |||||||||||
|
|
|
|
|
|
|
| |||||||||
Change in unrealized appreciation/(depreciation) on investments | 11,555 | 4,198 | 45,557 | 107,371 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Net realized/unrealized gains/(losses) from investments | 12,569 | 4,137 | 60,574 | 110,788 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Change in net assets resulting from operations | $ | 13,846 | $ | 4,582 | $ | 67,551 | $ | 126,426 | ||||||||
|
|
|
|
|
|
|
|
Amounts designated as “—” are $0 or have been rounded to $0.
See accompanying notes to financial statements.
234
HC CAPITAL TRUST
Statements of Operations (continued)
For the Six Months Ended December 31, 2019 (Unaudited)
(Amounts in thousands)
The Emerging Markets Portfolio | The Core Fixed Income Portfolio | The Fixed Income Opportunity Portfolio | The U.S. Government Fixed Income Securities Portfolio | |||||||||||||
INVESTMENT INCOME: | ||||||||||||||||
Interest | $ | 15 | $ | 910 | $ | 13,193 | $ | 3,589 | ||||||||
Dividends (net of foreign withholding tax of $2,420, $0, $0 and $0, respectively) | 30,156 | 53 | 1,201 | 38 | ||||||||||||
Income from securities lending | 129 | — | 70 | — | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investment Income | 30,300 | 963 | 14,464 | 3,627 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
EXPENSES: | ||||||||||||||||
Advisory fees | 1,716 | 22 | 812 | 92 | ||||||||||||
Management fees | 339 | 17 | 140 | 78 | ||||||||||||
Administrative services fees | 230 | 41 | 108 | 58 | ||||||||||||
Professional fees | 104 | 5 | 38 | 20 | ||||||||||||
Transfer agent fees | 19 | 1 | 8 | 4 | ||||||||||||
Compliance service fees | 14 | 1 | 6 | 3 | ||||||||||||
Custodian fees | 778 | 9 | 43 | 12 | ||||||||||||
Registration and filing fees | 7 | 5 | 6 | 6 | ||||||||||||
Trustee fees | 49 | 2 | 21 | 11 | ||||||||||||
Other | 55 | 2 | 21 | 11 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Net Expenses | 3,311 | 105 | 1,203 | 295 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Net Investment Income | 26,989 | 858 | 13,261 | 3,332 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
NET REALIZED/UNREALIZED GAIN/(LOSS) ON INVESTMENTS: | ||||||||||||||||
Net realized gains/(losses) from investment in securities and foreign currency translations | (15,000 | ) | 507 | 12,975 | 1,033 | |||||||||||
Net realized gains/(losses) from futures transactions | 6,006 | — | 2,474 | — | ||||||||||||
Net realized gains/(losses) from options and swaptions transactions | — | — | (16 | ) | — | |||||||||||
Net realized gains/(losses) from forward currency contracts transactions | (12 | ) | — | — | — | |||||||||||
|
|
|
|
|
|
|
| |||||||||
Net realized gains/(losses) from investments | (9,006 | ) | 507 | 15,433 | 1,033 | |||||||||||
Change in unrealized appreciation/(depreciation) on investments in securities and foreign currency translations (net of deferred foreign tax) | 66,112 | 349 | (21,546 | ) | 47 | |||||||||||
Change in unrealized appreciation/(depreciation) on futures | 771 | — | 2,780 | — | ||||||||||||
Change in unrealized appreciation/(depreciation) on swaps | — | — | (167 | ) | — | |||||||||||
Change in unrealized appreciation/(depreciation) on forward currency contracts | 98 | — | — | — | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Change in unrealized appreciation/(depreciation) on investments | 66,981 | 349 | (18,933 | ) | 47 | |||||||||||
|
|
|
|
|
|
|
| |||||||||
Net realized/unrealized gains/(losses) from investments | 57,975 | 856 | (3,500 | ) | 1,080 | |||||||||||
|
|
|
|
|
|
|
| |||||||||
Change in net assets resulting from operations | $ | 84,964 | $ | 1,714 | $ | 9,761 | $ | 4,412 | ||||||||
|
|
|
|
|
|
|
|
Amounts designated as “—” are $0 or have been rounded to $0.
See accompanying notes to financial statements.
235
HC CAPITAL TRUST
Statements of Operations (continued)
For the Six Months Ended December 31, 2019 (Unaudited)
(Amounts in thousands)
The Inflation Protected Securities Portfolio | The U.S. Corporate Fixed Income Securities Portfolio | The U.S. Mortgage/Asset Backed Fixed Income Securities Portfolio | The Short-Term Municipal Bond Portfolio | |||||||||||||
INVESTMENT INCOME: | ||||||||||||||||
Interest | $ | 3,270 | $ | 5,273 | $ | 2,402 | $ | 949 | ||||||||
Dividends | 74 | 134 | 337 | 28 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investment Income | 3,344 | 5,407 | 2,739 | 977 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
EXPENSES: | ||||||||||||||||
Advisory fees | 69 | 123 | 63 | 68 | ||||||||||||
Management fees | 88 | 80 | 55 | 27 | ||||||||||||
Administrative services fees | 61 | 61 | 71 | 26 | ||||||||||||
Professional fees | 25 | 21 | 16 | 7 | ||||||||||||
Transfer agent fees | 5 | 4 | 3 | 1 | ||||||||||||
Compliance service fees | 4 | 3 | 2 | 1 | ||||||||||||
Custodian fees | 15 | 14 | 11 | 4 | ||||||||||||
Registration and filing fees | 9 | 6 | 6 | 5 | ||||||||||||
Trustee fees | 13 | 11 | 8 | 4 | ||||||||||||
Other | 13 | 13 | 9 | 4 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Net Expenses | 302 | 336 | 244 | 147 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Net Investment Income | 3,042 | 5,071 | 2,495 | 830 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
NET REALIZED/UNREALIZED GAIN/(LOSS) ON INVESTMENTS: | ||||||||||||||||
Net realized gains/(losses) from investments in securities | 696 | 3,910 | 267 | 10 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Change in unrealized appreciation/(depreciation) on investments | 3,408 | 3,509 | 1,358 | 163 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Net realized/unrealized gains/(losses) from investments | 4,104 | 7,419 | 1,625 | 173 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Change in net assets resulting from operations | $ | 7,146 | $ | 12,490 | $ | 4,120 | $ | 1,003 | ||||||||
|
|
|
|
|
|
|
|
See accompanying notes to financial statements.
236
HC CAPITAL TRUST
Statements of Operations (concluded)
For the Six Months Ended December 31, 2019 (Unaudited)
(Amounts in thousands)
The Intermediate Term Municipal Bond Portfolio | The Intermediate Term Municipal Bond II Portfolio | |||||||
INVESTMENT INCOME: | ||||||||
Interest | $ | 3,131 | $ | 660 | ||||
Dividends | 691 | 36 | ||||||
|
|
|
| |||||
Total Investment Income | 3,822 | 696 | ||||||
|
|
|
| |||||
EXPENSES: | ||||||||
Advisory fees | 371 | 47 | ||||||
Management fees | 99 | 20 | ||||||
Administrative services fees | 71 | 21 | ||||||
Professional fees | 26 | 5 | ||||||
Transfer agent fees | 5 | 1 | ||||||
Compliance service fees | 4 | 1 | ||||||
Custodian fees | 16 | 4 | ||||||
Registration and filing fees | 6 | 6 | ||||||
Trustee fees | 12 | 5 | ||||||
Other | 14 | 4 | ||||||
|
|
|
| |||||
Net Expenses | 624 | 114 | ||||||
|
|
|
| |||||
Net Investment Income | 3,198 | 582 | ||||||
|
|
|
| |||||
NET REALIZED/UNREALIZED GAIN/(LOSS) ON INVESTMENTS: | ||||||||
Net realized gains/(losses) from investment in securities | 3,606 | 92 | ||||||
|
|
|
| |||||
Change in unrealized appreciation/(depreciation) on investments | (278 | ) | 425 | |||||
|
|
|
| |||||
Net realized/unrealized gains/(losses) from investments | 3,328 | 517 | ||||||
|
|
|
| |||||
Change in net assets resulting from operations | $ | 6,526 | $ | 1,099 | ||||
|
|
|
|
See accompanying notes to financial statements.
237
HC CAPITAL TRUST
Statements of Changes in Net Assets
(Amounts in thousands)
The Value Equity Portfolio | The Institutional Value Equity Portfolio | The Growth Equity Portfolio | ||||||||||||||||||||||
For the Six Months Ended December 31, 2019 (Unaudited) | For the Year Ended June 30, 2019 | For the Six Months Ended December 31, 2019 (Unaudited) | For the Year Ended June 30, 2019 | For the Six Months Ended December 31, 2019 (Unaudited) | For the Year Ended June 30, 2019 | |||||||||||||||||||
Operations: | ||||||||||||||||||||||||
Net investment income | $ | 5,390 | $ | 11,877 | $ | 15,283 | $ | 23,086 | $ | 5,629 | $ | 10,177 | ||||||||||||
Net realized gains/(losses) from investments | 923 | 4,736 | 18,849 | 52,039 | 41,441 | 37,168 | ||||||||||||||||||
Change in unrealized appreciation/(depreciation) from investments | 50,927 | 33,631 | 97,642 | 31,622 | 23,815 | 40,916 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in net assets resulting from operations | 57,240 | 50,244 | 131,774 | 106,747 | 70,885 | 88,261 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Distributions to Shareholders from: | ||||||||||||||||||||||||
HC Strategic Shares | (5,728 | ) | (42,981 | ) | (69,478 | ) | (86,136 | ) | (36,944 | ) | (53,543 | ) | ||||||||||||
HC Advisors Shares(a) | — | (30 | ) | — | (20 | ) | — | (36 | ) | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in net assets resulting from distributions | (5,728 | ) | (43,011 | ) | (69,478 | ) | (86,156 | ) | (36,944 | ) | (53,579 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
HC Strategic Shares | ||||||||||||||||||||||||
Proceeds from shares issued | 16,174 | 28,980 | 64,562 | 600,228 | 1,783 | 21,813 | ||||||||||||||||||
Proceeds from reinvestment of dividends | 4,803 | 37,868 | 68,584 | 85,199 | 36,023 | 46,104 | ||||||||||||||||||
Cost of shares redeemed | (50,579 | ) | (89,821 | ) | (260,283 | ) | (136,809 | ) | (71,591 | ) | (108,675 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in net assets from HC Strategic Shares of beneficial interest | (29,602 | ) | (22,973 | ) | (127,137 | ) | 548,618 | (33,785 | ) | (40,758 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
HC Advisors Shares(a) | ||||||||||||||||||||||||
Proceeds from shares issued | — | 13 | — | 27 | — | 15 | ||||||||||||||||||
Proceeds from reinvestment of dividends | — | — | — | — | — | — | ||||||||||||||||||
Cost of shares redeemed | — | (648 | ) | — | (756 | ) | — | (891 | ) | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in net assets from HC Advisors Shares of beneficial interest | — | (635 | ) | — | (729 | ) | — | (876 | ) | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in net assets from shares of beneficial interest | (29,602 | ) | (23,608 | ) | (127,137 | ) | 547,889 | (33,785 | ) | (41,634 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in net assets | 21,910 | (16,375 | ) | (64,841 | ) | 568,480 | 156 | (6,952 | ) | |||||||||||||||
Net Assets: | ||||||||||||||||||||||||
Beginning of period | 583,757 | 600,132 | 1,497,901 | 929,421 | 802,838 | 809,790 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
End of period | $ | 605,667 | $ | 583,757 | $ | 1,433,060 | $ | 1,497,901 | $ | 802,994 | $ | 802,838 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Share Transactions: | ||||||||||||||||||||||||
HC Strategic Shares | ||||||||||||||||||||||||
Issued | 780 | 1,530 | 4,887 | 48,878 | 71 | 993 | ||||||||||||||||||
Reinvested | 225 | 2,111 | 5,171 | 7,409 | 1,421 | 2,178 | ||||||||||||||||||
Redeemed | (2,396 | ) | (4,800 | ) | (19,914 | ) | (10,868 | ) | (2,820 | ) | (4,786 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in HC Strategic Shares | (1,391 | ) | (1,159 | ) | (9,856 | ) | 45,419 | (1,328 | ) | (1,615 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
HC Advisors Shares(a) | ||||||||||||||||||||||||
Issued | — | 1 | — | 2 | — | 1 | ||||||||||||||||||
Redeemed | — | (35 | ) | — | (59 | ) | — | (40 | ) | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in HC Advisors Shares | — | (34 | ) | — | (57 | ) | — | (39 | ) | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total change in shares | (1,391 | ) | (1,193 | ) | (9,856 | ) | 45,362 | (1,328 | ) | (1,654 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
Amounts designated as “—” are $0 or have been rounded to $0.
(a) | HC Advisors Shares are still offered, but no shares are outstanding as of December 31, 2019. |
See accompanying notes to financial statements.
238
HC CAPITAL TRUST
Statements of Changes in Net Assets (continued)
(Amounts in thousands)
The Institutional Growth Equity Portfolio | The Small Capitalization– Mid Capitalization Equity Portfolio | The Institutional Small Capitalization– Mid Capitalization Equity Portfolio | ||||||||||||||||||||||
For the Six Months Ended December 31, 2019 (Unaudited) | For the Year Ended June 30, 2019 | For the Six Months Ended December 31, 2019 (Unaudited) | For the Year Ended June 30, 2019 | For the Six Months Ended December 31, 2019 (Unaudited) | For the Year Ended June 30, 2019 | |||||||||||||||||||
Operations: | ||||||||||||||||||||||||
Net investment income | $ | 9,824 | $ | 16,960 | $ | 396 | $ | 357 | $ | 712 | $ | 751 | ||||||||||||
Net realized gains/(losses) from investments | 98,741 | 204,695 | 2,242 | 7,394 | 13,623 | 12,527 | ||||||||||||||||||
Change in unrealized appreciation/(depreciation) from investments | 39,575 | (61,045 | ) | 3,629 | (9,721 | ) | (4,178 | ) | (11,670 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in net assets resulting from operations | 148,140 | 160,610 | 6,267 | (1,970 | ) | 10,157 | 1,608 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Distributions to Shareholders from: | ||||||||||||||||||||||||
HC Strategic Shares | (266,826 | ) | (100,792 | ) | (4,244 | ) | (9,174 | ) | (17,754 | ) | (33,456 | ) | ||||||||||||
HC Advisors Shares(a) | — | (25 | ) | — | (6 | ) | — | (8 | ) | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in net assets resulting from distributions | (266,826 | ) | (100,817 | ) | (4,244 | ) | (9,180 | ) | (17,754 | ) | (33,464 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
HC Strategic Shares | ||||||||||||||||||||||||
Proceeds from shares issued | 56,604 | 431,839 | 218 | 2,553 | 6,794 | 19,760 | ||||||||||||||||||
Proceeds from reinvestment of dividends | 271,140 | 99,183 | 4,418 | 8,315 | 17,941 | 33,262 | ||||||||||||||||||
Cost of shares redeemed | (283,650 | ) | (242,575 | ) | (4,278 | ) | (14,609 | ) | (22,138 | ) | (33,534 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in net assets from HC Strategic Shares of beneficial interest | 44,094 | 288,447 | 358 | (3,741 | ) | 2,597 | 19,488 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
HC Advisors Shares(a) | ||||||||||||||||||||||||
Proceeds from shares issued | — | 32 | — | 3 | — | 10 | ||||||||||||||||||
Proceeds from reinvestment of dividends | — | — | — | — | — | — | ||||||||||||||||||
Cost of shares redeemed | — | (1,054 | ) | — | (108 | ) | — | (133 | ) | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in net assets from HC Advisors Shares of beneficial interest | — | (1,022 | ) | — | (105 | ) | — | (123 | ) | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in net assets from shares of beneficial interest | 44,094 | 287,425 | 358 | (3,846 | ) | 2,597 | 19,365 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in net assets | (74,592 | ) | 347,218 | 2,381 | (14,996 | ) | (5,000 | ) | (12,491 | ) | ||||||||||||||
Net Assets: | ||||||||||||||||||||||||
Beginning of period | 1,535,959 | 1,188,741 | 95,614 | 110,610 | 147,415 | 159,906 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
End of period | $ | 1,461,367 | $ | 1,535,959 | $ | 97,995 | $ | 95,614 | $ | 142,415 | $ | 147,415 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Share Transactions: | ||||||||||||||||||||||||
HC Strategic Shares | ||||||||||||||||||||||||
Issued | 2,956 | 25,010 | 8 | 95 | 483 | 1,362 | ||||||||||||||||||
Reinvested | 16,201 | 6,154 | 167 | 368 | 1,361 | 2,767 | ||||||||||||||||||
Redeemed | (15,581 | ) | (13,348 | ) | (163 | ) | (563 | ) | (1,615 | ) | (2,348 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in HC Strategic Shares | 3,576 | 17,816 | 12 | (100 | ) | 229 | 1,781 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
HC Advisors Shares(a) | ||||||||||||||||||||||||
Issued | — | 2 | — | — | — | 1 | ||||||||||||||||||
Redeemed | — | (58 | ) | — | (4 | ) | — | (8 | ) | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in HC Advisors Shares | — | (56 | ) | — | (4 | ) | — | (7 | ) | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total change in shares | 3,576 | 17,760 | 12 | (104 | ) | 229 | 1,774 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
Amounts designated as “—” are $0 or have been rounded to $0.
(a) | HC Advisors Shares are still offered, but no shares are outstanding as of December 31, 2019. |
See accompanying notes to financial statements.
239
HC CAPITAL TRUST
Statements of Changes in Net Assets (continued)
(Amounts in thousands)
The Real Estate Securities Portfolio | The Commodity Returns Strategy Portfolio(a) | The ESG Growth Portfolio | ||||||||||||||||||||||
For the Six Months Ended December 31, 2019 (Unaudited) | For the Year Ended June 30, 2019 | For the Six Months Ended December 31, 2019 (Unaudited) | For the Year Ended June 30, 2019 | For the Six Months Ended December 31, 2019 (Unaudited) | For the Year Ended June 30, 2019 | |||||||||||||||||||
Operations: | ||||||||||||||||||||||||
Net investment income | $ | 807 | $ | 2,453 | $ | 1,957 | $ | 13,522 | $ | 1,277 | $ | 3,832 | ||||||||||||
Net realized gains/(losses) from investments | 14,005 | 4,932 | 1,317 | 14,422 | 1,014 | 11,942 | ||||||||||||||||||
Change in unrealized appreciation/(depreciation) from investments | (5,306 | ) | 7,824 | (779 | ) | (120,763 | ) | 11,555 | (13,544 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in net assets resulting from operations | 9,506 | 15,209 | 2,495 | (92,819 | ) | 13,846 | 2,230 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Distributions to Shareholders from: | ||||||||||||||||||||||||
HC Strategic Shares | (19,554 | ) | (3,952 | ) | (2,116 | ) | (14,912 | ) | (8,585 | ) | (8,913 | ) | ||||||||||||
HC Advisors Shares(b) | — | — | — | (6 | ) | — | — | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in net assets resulting from distributions | (19,554 | ) | (3,952 | ) | (2,116 | ) | (14,918 | ) | (8,585 | ) | (8,913 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
HC Strategic Shares | ||||||||||||||||||||||||
Proceeds from shares issued | 2,190 | 13,081 | 395 | 14,080 | 1,186 | 5,591 | ||||||||||||||||||
Proceeds from reinvestment of dividends | 19,509 | 3,682 | 1,393 | 11,539 | 7,409 | 5,792 | ||||||||||||||||||
Cost of shares redeemed | (40,696 | ) | (39,552 | ) | (34,767 | ) | (619,892 | ) | (1,615 | ) | (22,245 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in net assets from HC Strategic Shares of beneficial interest | (18,997 | ) | (22,789 | ) | (32,979 | ) | (594,273 | ) | 6,980 | (10,862 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
HC Advisors Shares(b) | ||||||||||||||||||||||||
Proceeds from shares issued | — | — | — | 13 | — | — | ||||||||||||||||||
Proceeds from reinvestment of dividends | — | — | — | — | — | — | ||||||||||||||||||
Cost of shares redeemed | — | — | — | (663 | ) | — | (1 | ) | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in net assets from HC Advisors Shares of beneficial interest | — | — | — | (650 | ) | — | (1 | ) | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in net assets from shares of beneficial interest | (18,997 | ) | (22,789 | ) | (32,979 | ) | (594,923 | ) | 6,980 | (10,863 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in net assets | (29,045 | ) | (11,532 | ) | (32,600 | ) | (702,660 | ) | 12,241 | (17,546 | ) | |||||||||||||
Net Assets: | ||||||||||||||||||||||||
Beginning of period | 120,069 | 131,601 | 159,469 | 862,129 | 148,978 | 166,524 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
End of period | $ | 91,024 | $ | 120,069 | $ | 126,869 | $ | 159,469 | $ | 161,219 | $ | 148,978 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Share Transactions: | ||||||||||||||||||||||||
HC Strategic Shares | ||||||||||||||||||||||||
Issued | 684 | 4,193 | 47 | 1,491 | 111 | 529 | ||||||||||||||||||
Reinvested | 7,034 | 1,281 | 157 | 1,301 | 659 | 565 | ||||||||||||||||||
Redeemed | (12,066 | ) | (12,671 | ) | (4,003 | ) | (73,508 | ) | (144 | ) | (2,038 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in HC Strategic Shares | (4,348 | ) | (7,197 | ) | (3,799 | ) | (70,716 | ) | 626 | (944 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
HC Advisors Shares(b) | ||||||||||||||||||||||||
Issued | — | — | — | — | — | — | ||||||||||||||||||
Redeemed | — | — | — | (72 | ) | — | — | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in HC Advisors Shares | — | — | — | (72 | ) | — | — | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total change in shares | (4,348 | ) | (7,197 | ) | (3,799 | ) | (70,788 | ) | 626 | (944 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
Amounts designated as “—” are $0 or have been rounded to $0.
(a) | Statement has been consolidated. Please see Note 2.N. in the Notes to Financial Statements for basis of consolidation. |
(b) | HC Advisors Shares are still offered, but no shares are outstanding as of December 31, 2019. |
See accompanying notes to financial statements.
240
HC CAPITAL TRUST
Statements of Changes in Net Assets (continued)
(Amounts in thousands)
The Catholic SRI Growth Portfolio | The International Equity Portfolio | The Institutional International Equity Portfolio | ||||||||||||||||||||||
For the Six Months Ended December 31, 2019 (Unaudited) | For the Year Ended June 30, 2019 | For the Six Months Ended December 31, 2019 (Unaudited) | For the Year Ended June 30, 2019 | For the Six Months Ended December 31, 2019 (Unaudited) | For the Year Ended June 30, 2019 | |||||||||||||||||||
Operations: | ||||||||||||||||||||||||
Net investment income | $ | 445 | $ | 1,181 | $ | 6,977 | $ | 34,757 | $ | 15,638 | $ | 76,229 | ||||||||||||
Net realized gains/(losses) from investments | (61 | ) | 3,159 | 15,017 | (10,948 | ) | 3,417 | (196 | ) | |||||||||||||||
Change in unrealized appreciation/(depreciation) from investments | 4,198 | (3,046 | ) | 45,557 | (42,918 | ) | 107,371 | (80,298 | ) | |||||||||||||||
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Change in net assets resulting from operations | 4,582 | 1,294 | 67,551 | (19,109 | ) | 126,426 | (4,265 | ) | ||||||||||||||||
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Distributions to Shareholders from: | ||||||||||||||||||||||||
HC Strategic Shares | (2,086 | ) | (3,740 | ) | (1,825 | ) | (35,540 | ) | (17,348 | ) | (175,500 | ) | ||||||||||||
HC Advisors Shares(a) | — | — | — | (3 | ) | — | (35 | ) | ||||||||||||||||
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Change in net assets resulting from distributions | (2,086 | ) | (3,740 | ) | (1,825 | ) | (35,543 | ) | (17,348 | ) | (175,535 | ) | ||||||||||||
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HC Strategic Shares | ||||||||||||||||||||||||
Proceeds from shares issued | 2,288 | 22,409 | 7,959 | 47,958 | 32,901 | 111,172 | ||||||||||||||||||
Proceeds from reinvestment of dividends | 2,086 | 3,740 | 1,261 | 24,844 | 13,569 | 158,564 | ||||||||||||||||||
Cost of shares redeemed | (1,520 | ) | (1,715 | ) | (86,164 | ) | (320,394 | ) | (264,973 | ) | (536,181 | ) | ||||||||||||
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Change in net assets from HC Strategic Shares of beneficial interest | 2,854 | 24,434 | (76,944 | ) | (247,592 | ) | (218,503 | ) | (266,445 | ) | ||||||||||||||
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HC Advisors Shares(a) | ||||||||||||||||||||||||
Proceeds from shares issued | — | — | — | 82 | — | 95 | ||||||||||||||||||
Proceeds from reinvestment of dividends | — | — | — | — | — | — | ||||||||||||||||||
Cost of shares redeemed | — | (1 | ) | — | (1,631 | ) | — | (1,895 | ) | |||||||||||||||
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Change in net assets from HC Advisors Shares of beneficial interest | — | (1 | ) | — | (1,549 | ) | — | (1,800 | ) | |||||||||||||||
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Change in net assets from shares of beneficial interest | 2,854 | 24,433 | (76,944 | ) | (249,141 | ) | (218,503 | ) | (268,245 | ) | ||||||||||||||
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Change in net assets | 5,350 | 21,987 | (11,218 | ) | (303,793 | ) | (109,425 | ) | (448,045 | ) | ||||||||||||||
Net Assets: | ||||||||||||||||||||||||
Beginning of period | 51,401 | 29,414 | 911,059 | 1,214,852 | 1,886,176 | 2,334,221 | ||||||||||||||||||
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End of period | $ | 56,751 | $ | 51,401 | $ | 899,841 | $ | 911,059 | $ | 1,776,751 | $ | 1,886,176 | ||||||||||||
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Share Transactions: | ||||||||||||||||||||||||
HC Strategic Shares | ||||||||||||||||||||||||
Issued | 190 | 1,830 | 763 | 4,609 | 3,430 | 11,561 | ||||||||||||||||||
Reinvested | 169 | 341 | 114 | 2,422 | 1,322 | 17,309 | ||||||||||||||||||
Redeemed | (130 | ) | (144 | ) | (8,389 | ) | (32,177 | ) | (27,107 | ) | (55,215 | ) | ||||||||||||
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Change in HC Strategic Shares | 229 | 2,027 | (7,512 | ) | (25,146 | ) | (22,355 | ) | (26,345 | ) | ||||||||||||||
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HC Advisors Shares(a) | ||||||||||||||||||||||||
Issued | — | — | — | 8 | — | 10 | ||||||||||||||||||
Redeemed | — | — | — | (163 | ) | — | (187 | ) | ||||||||||||||||
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Change in HC Advisors Shares | — | — | — | (155 | ) | — | (177 | ) | ||||||||||||||||
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Total change in shares | 229 | 2,027 | (7,512 | ) | (25,301 | ) | (22,355 | ) | (26,522 | ) | ||||||||||||||
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Amounts designated as “—” are $0 or have been rounded to $0.
(a) | HC Advisors Shares are still offered, but no shares are outstanding as of December 31, 2019. |
See accompanying notes to financial statements.
241
HC CAPITAL TRUST
Statements of Changes in Net Assets (continued)
(Amounts in thousands)
The Emerging Markets Portfolio | The Core Fixed Income Portfolio | The Fixed Income Opportunity Portfolio | ||||||||||||||||||||||
For the Six Months Ended December 31, 2019 (Unaudited) | For the Year Ended June 30, 2019 | For the Six Months Ended December 31, 2019 (Unaudited) | For the Year Ended June 30, 2019 | For the Six Months Ended December 31, 2019 (Unaudited) | For the Year Ended June 30, 2019 | |||||||||||||||||||
Operations: | ||||||||||||||||||||||||
Net investment income | $ | 26,989 | $ | 35,359 | $ | 858 | $ | 1,737 | $ | 13,261 | $ | 38,199 | ||||||||||||
Net realized gains/(losses) from investments | (9,006 | ) | (56,290 | ) | 507 | (208 | ) | 15,433 | 71 | |||||||||||||||
Change in unrealized appreciation/(depreciation) from investments | 66,981 | 77,271 | 349 | 3,640 | (18,933 | ) | 15,717 | |||||||||||||||||
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Change in net assets resulting from operations | 84,964 | 56,340 | 1,714 | 5,169 | 9,761 | 53,987 | ||||||||||||||||||
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Distributions to Shareholders from: | ||||||||||||||||||||||||
HC Strategic Shares | (43,230 | ) | (29,759 | ) | (913 | ) | (1,823 | ) | (16,257 | ) | (38,443 | ) | ||||||||||||
HC Advisors Shares(a) | — | (15 | ) | — | (8 | ) | — | (4 | ) | |||||||||||||||
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Change in net assets resulting from distributions | (43,230 | ) | (29,774 | ) | (913 | ) | (1,831 | ) | (16,257 | ) | (38,447 | ) | ||||||||||||
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HC Strategic Shares | ||||||||||||||||||||||||
Proceeds from shares issued | 42,649 | 139,680 | 5,551 | 11,131 | 23,541 | 47,965 | ||||||||||||||||||
Proceeds from reinvestment of dividends | 35,515 | 25,237 | 909 | 1,817 | 14,848 | 33,241 | ||||||||||||||||||
Cost of shares redeemed | (247,992 | ) | (357,243 | ) | (11,092 | ) | (13,401 | ) | (124,890 | ) | (172,169 | ) | ||||||||||||
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Change in net assets from HC Strategic Shares of beneficial interest | (169,828 | ) | (192,326 | ) | (4,632 | ) | (453 | ) | (86,501 | ) | (90,963 | ) | ||||||||||||
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HC Advisors Shares(a) | ||||||||||||||||||||||||
Proceeds from shares issued | — | 101 | — | 11 | — | 1 | ||||||||||||||||||
Proceeds from reinvestment of dividends | — | — | — | — | — | — | ||||||||||||||||||
Cost of shares redeemed | — | (1,527 | ) | — | (1,378 | ) | — | (363 | ) | |||||||||||||||
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Change in net assets from HC Advisors Shares of beneficial interest | — | (1,426 | ) | — | (1,367 | ) | — | (362 | ) | |||||||||||||||
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Change in net assets from shares of beneficial interest | (169,828 | ) | (193,752 | ) | (4,632 | ) | (1,820 | ) | (86,501 | ) | (91,325 | ) | ||||||||||||
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Change in net assets | (128,094 | ) | (167,186 | ) | (3,831 | ) | 1,518 | (92,997 | ) | (75,785 | ) | |||||||||||||
Net Assets: | ||||||||||||||||||||||||
Beginning of period | 1,466,128 | 1,633,314 | 68,267 | 66,749 | 597,848 | 673,633 | ||||||||||||||||||
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End of period | $ | 1,338,034 | $ | 1,466,128 | $ | 64,436 | $ | 68,267 | $ | 504,851 | $ | 597,848 | ||||||||||||
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Share Transactions: | ||||||||||||||||||||||||
HC Strategic Shares | ||||||||||||||||||||||||
Issued | 2,380 | 7,970 | 551 | 1,160 | 3,367 | 7,007 | ||||||||||||||||||
Reinvested | 1,904 | 1,571 | 90 | 190 | 2,138 | 4,862 | ||||||||||||||||||
Redeemed | (13,926 | ) | (20,514 | ) | (1,095 | ) | (1,398 | ) | (17,916 | ) | (24,924 | ) | ||||||||||||
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Change in HC Strategic Shares | (9,642 | ) | (10,973 | ) | (454 | ) | (48 | ) | (12,411 | ) | (13,055 | ) | ||||||||||||
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HC Advisors Shares(a) | ||||||||||||||||||||||||
Issued | — | 6 | — | 1 | — | — | ||||||||||||||||||
Redeemed | — | (88 | ) | — | (144 | ) | — | (53 | ) | |||||||||||||||
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Change in HC Advisors Shares | — | (82 | ) | — | (143 | ) | — | (53 | ) | |||||||||||||||
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Total change in shares | (9,642 | ) | (11,055 | ) | (454 | ) | (191 | ) | (12,411 | ) | (13,108 | ) | ||||||||||||
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Amounts designated as “—” are $0 or have been rounded to $0.
(a) | HC Advisors Shares are still offered, but no shares are outstanding as of December 31, 2019. |
See accompanying notes to financial statements.
242
HC CAPITAL TRUST
Statements of Changes in Net Assets (continued)
(Amounts in thousands)
The U.S. Government Fixed Income Securities Portfolio | The Inflation Protected Securities Portfolio | The U.S. Corporate Fixed Income Securities Portfolio | ||||||||||||||||||||||
For the Six Months Ended December 31, 2019 (Unaudited) | For the Year Ended June 30, 2019 | For the Six Months Ended December 31, 2019 (Unaudited) | For the Year Ended June 30, 2019 | For the Six Months Ended December 31, 2019 (Unaudited) | For the Year Ended June 30, 2019 | |||||||||||||||||||
Operations: | ||||||||||||||||||||||||
Net investment income | $ | 3,332 | $ | 5,964 | $ | 3,042 | $ | 8,742 | $ | 5,071 | $ | 10,164 | ||||||||||||
Net realized gains/(losses) from investments | 1,033 | (572 | ) | 696 | (1,262 | ) | 3,910 | (523 | ) | |||||||||||||||
Change in unrealized appreciation/(depreciation) from investments | 47 | 14,782 | 3,408 | 8,685 | 3,509 | 21,518 | ||||||||||||||||||
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Change in net assets resulting from operations | 4,412 | 20,174 | 7,146 | 16,165 | 12,490 | 31,159 | ||||||||||||||||||
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Distributions to Shareholders from: | ||||||||||||||||||||||||
HC Strategic Shares | (3,573 | ) | (5,899 | ) | (5,510 | ) | (9,032 | ) | (7,429 | ) | (10,131 | ) | ||||||||||||
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Change in net assets resulting from distributions | (3,573 | ) | (5,899 | ) | (5,510 | ) | (9,032 | ) | (7,429 | ) | (10,131 | ) | ||||||||||||
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HC Strategic Shares | ||||||||||||||||||||||||
Proceeds from shares issued | 40,424 | 81,740 | 30,840 | 22,684 | 35,468 | 29,116 | ||||||||||||||||||
Proceeds from reinvestment of dividends | 2,869 | 4,878 | 4,443 | 7,322 | 6,434 | 8,351 | ||||||||||||||||||
Cost of shares redeemed | (24,993 | ) | (28,739 | ) | (43,728 | ) | (81,366 | ) | (33,935 | ) | (33,196 | ) | ||||||||||||
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Change in net assets from HC Strategic Shares of beneficial interest | 18,300 | 57,879 | (8,445 | ) | (51,360 | ) | 7,967 | 4,271 | ||||||||||||||||
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HC Advisors Shares(a) | ||||||||||||||||||||||||
Proceeds from reinvestment of dividends | — | — | — | — | — | — | ||||||||||||||||||
Cost of shares redeemed | — | — | — | (1 | ) | — | — | |||||||||||||||||
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Change in net assets from HC Advisors Shares of beneficial interest | — | — | — | (1 | ) | — | — | |||||||||||||||||
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Change in net assets from shares of beneficial interest | 18,300 | 57,879 | (8,445 | ) | (51,361 | ) | 7,967 | 4,271 | ||||||||||||||||
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Change in net assets | 19,139 | 72,154 | (6,809 | ) | (44,228 | ) | 13,028 | 25,299 | ||||||||||||||||
Net Assets: | ||||||||||||||||||||||||
Beginning of period | 305,531 | 233,377 | 357,229 | 401,457 | 312,255 | 286,956 | ||||||||||||||||||
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End of period | $ | 324,670 | $ | 305,531 | $ | 350,420 | $ | 357,229 | $ | 325,283 | $ | 312,255 | ||||||||||||
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Share Transactions: | ||||||||||||||||||||||||
HC Strategic Shares | ||||||||||||||||||||||||
Issued | 3,982 | 8,575 | 2,997 | 2,296 | 3,382 | 2,985 | ||||||||||||||||||
Reinvested | 282 | 503 | 431 | 743 | 613 | 857 | ||||||||||||||||||
Redeemed | (2,464 | ) | (2,968 | ) | (4,247 | ) | (8,211 | ) | (3,239 | ) | (3,408 | ) | ||||||||||||
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Change in HC Strategic Shares | 1,800 | 6,110 | (819 | ) | (5,172 | ) | 756 | 434 | ||||||||||||||||
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HC Advisors Shares(a) | ||||||||||||||||||||||||
Issued | — | — | — | — | — | — | ||||||||||||||||||
Redeemed | — | — | — | — | — | — | ||||||||||||||||||
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Change in HC Advisors Shares | — | — | — | — | — | — | ||||||||||||||||||
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Total change in shares | 1,800 | 6,110 | (819 | ) | (5,172 | ) | 756 | 434 | ||||||||||||||||
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Amounts designated as “—” are $0 or have been rounded to $0.
(a) | HC Advisors Shares are still offered, but no shares are outstanding as of December 31, 2019. |
See accompanying notes to financial statements.
243
HC CAPITAL TRUST
Statements of Changes in Net Assets (continued)
(Amounts in thousands)
The U.S. Mortgage/Asset Backed Fixed Income Securities Portfolio | The Short-Term Municipal Bond Portfolio | The Intermediate Term Municipal Bond Portfolio | ||||||||||||||||||||||
For the Six Months Ended December 31, 2019 (Unaudited) | For the Year Ended June 30, 2019 | For the Six Months Ended December 31, 2019 (Unaudited) | For the Year Ended June 30, 2019 | For the Six Months Ended December 31, 2019 (Unaudited) | For the Year Ended June 30, 2019 | |||||||||||||||||||
Operations: | ||||||||||||||||||||||||
Net investment income | $ | 2,495 | $ | 5,375 | $ | 830 | $ | 1,436 | $ | 3,198 | $ | 8,515 | ||||||||||||
Net realized gains/(losses) from investments | 267 | 636 | 10 | (1 | ) | 3,606 | 322 | |||||||||||||||||
Change in unrealized appreciation/(depreciation) from investments | 1,358 | 5,649 | 163 | 1,311 | (278 | ) | 11,738 | |||||||||||||||||
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Change in net assets resulting from operations | 4,120 | 11,660 | 1,003 | 2,746 | 6,526 | 20,575 | ||||||||||||||||||
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Distributions to Shareholders from: | ||||||||||||||||||||||||
HC Strategic Shares | (3,236 | ) | (6,006 | ) | (862 | ) | (1,415 | ) | (4,877 | ) | (8,566 | ) | ||||||||||||
HC Advisors Shares(a) | — | — | — | — | — | (8 | ) | |||||||||||||||||
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Change in net assets resulting from distributions | (3,236 | ) | (6,006 | ) | (862 | ) | (1,415 | ) | (4,877 | ) | (8,574 | ) | ||||||||||||
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HC Strategic Shares | ||||||||||||||||||||||||
Proceeds from shares issued | 28,774 | 23,624 | 13,973 | 35,021 | 13,692 | 34,264 | ||||||||||||||||||
Proceeds from reinvestment of dividends | 2,608 | 4,893 | 830 | 1,359 | 4,700 | 8,143 | ||||||||||||||||||
Cost of shares redeemed | (22,192 | ) | (22,906 | ) | (10,359 | ) | (11,049 | ) | (28,185 | ) | (44,510 | ) | ||||||||||||
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Change in net assets from HC Strategic Shares of beneficial interest | 9,190 | 5,611 | 4,444 | 25,331 | (9,793 | ) | (2,103 | ) | ||||||||||||||||
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HC Advisors Shares(a) | ||||||||||||||||||||||||
Proceeds from reinvestment of dividends | — | — | — | — | — | — | ||||||||||||||||||
Cost of shares redeemed | — | — | — | — | — | (1,009 | ) | |||||||||||||||||
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Change in net assets from HC Advisors Shares of beneficial interest | — | — | — | — | — | (1,009 | ) | |||||||||||||||||
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Change in net assets from shares of beneficial interest | 9,190 | 5,611 | 4,444 | 25,331 | (9,793 | ) | (3,112 | ) | ||||||||||||||||
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Change in net assets | 10,074 | 11,265 | 4,585 | 26,662 | (8,144 | ) | 8,889 | |||||||||||||||||
Net Assets: | ||||||||||||||||||||||||
Beginning of period | 216,403 | 205,138 | 106,274 | 79,612 | 393,097 | 384,208 | ||||||||||||||||||
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End of period | $ | 226,477 | $ | 216,403 | $ | 110,859 | $ | 106,274 | $ | 384,953 | $ | 393,097 | ||||||||||||
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|
| |||||||||||||
Share Transactions: | ||||||||||||||||||||||||
HC Strategic Shares | ||||||||||||||||||||||||
Issued | 2,985 | 2,510 | 1,404 | 3,558 | 1,331 | 3,425 | ||||||||||||||||||
Reinvested | 271 | 523 | 83 | 138 | 457 | 818 | ||||||||||||||||||
Redeemed | (2,305 | ) | (2,447 | ) | (1,040 | ) | (1,122 | ) | (2,740 | ) | (4,453 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in HC Strategic Shares | 951 | 586 | 447 | 2,574 | (952 | ) | (210 | ) | ||||||||||||||||
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|
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| |||||||||||||
HC Advisors Shares(a) | ||||||||||||||||||||||||
Issued | — | — | — | — | — | — | ||||||||||||||||||
Redeemed | — | — | — | — | — | (102 | ) | |||||||||||||||||
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|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in HC Advisors Shares | — | — | — | — | — | (102 | ) | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total change in shares | 951 | 586 | 447 | 2,574 | (952 | ) | (312 | ) | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
Amounts designated as “—” are $0 or have been rounded to $0.
(a) | HC Advisors Shares are still offered, but no shares are outstanding as of December 31, 2019. |
See accompanying notes to financial statements.
244
HC CAPITAL TRUST
Statements of Changes in Net Assets (concluded)
(Amounts in thousands)
The Intermediate Term Municipal Bond II Portfolio | ||||||||
For the Six Months Ended December 31, 2019 (Unaudited) | For the Year Ended June 30, 2019 | |||||||
Operations: | ||||||||
Net investment income | $ | 582 | $ | 1,674 | ||||
Net realized gains/(losses) from investments | 92 | 55 | ||||||
Change in unrealized appreciation/(depreciation) from investments | 425 | 2,276 | ||||||
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|
|
| |||||
Change in net assets resulting from operations | 1,099 | 4,005 | ||||||
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|
|
| |||||
Distributions to Shareholders from: | ||||||||
HC Strategic Shares | (933 | ) | (1,774 | ) | ||||
HC Advisors Shares(a) | — | (3 | ) | |||||
|
|
|
| |||||
Change in net assets resulting from distributions | (933 | ) | (1,777 | ) | ||||
|
|
|
| |||||
HC Strategic Shares | ||||||||
Proceeds from shares issued | 2,761 | 7,915 | ||||||
Proceeds from reinvestment of dividends | 894 | 1,672 | ||||||
Cost of shares redeemed | (5,800 | ) | (10,564 | ) | ||||
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|
|
| |||||
Change in net assets from HC Strategic Shares of beneficial interest | (2,145 | ) | (977 | ) | ||||
|
|
|
| |||||
HC Advisors Shares(a) | ||||||||
Proceeds from reinvestment of dividends | — | — | ||||||
Cost of shares redeemed | — | (261 | ) | |||||
|
|
|
| |||||
Change in net assets from HC Advisors Shares of beneficial interest | — | (261 | ) | |||||
|
|
|
| |||||
Change in net assets from shares of beneficial interest | (2,145 | ) | (1,238 | ) | ||||
|
|
|
| |||||
Change in net assets | (1,979 | ) | 990 | |||||
Net Assets: | ||||||||
Beginning of period | 78,705 | 77,715 | ||||||
|
|
|
| |||||
End of period | $ | 76,726 | $ | 78,705 | ||||
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|
|
| |||||
Share Transactions: | ||||||||
HC Strategic Shares | ||||||||
Issued | 265 | 776 | ||||||
Reinvested | 86 | 165 | ||||||
Redeemed | (556 | ) | (1,038 | ) | ||||
|
|
|
| |||||
Change in HC Strategic Shares | (205 | ) | (97 | ) | ||||
|
|
|
| |||||
HC Advisors Shares(a) | ||||||||
Issued | — | — | ||||||
Redeemed | — | (26 | ) | |||||
|
|
|
| |||||
Change in HC Advisors Shares | — | (26 | ) | |||||
|
|
|
| |||||
Total change in shares | (205 | ) | (123 | ) | ||||
|
|
|
|
Amounts designated as “—” are $0 or have been rounded to $0.
(a) | HC Advisors Shares are still offered, but no shares are outstanding as of December 31, 2019. |
See accompanying notes to financial statements.
245
Financial Highlights
Selected data for a share outstanding throughout the periods indicated.
Change in Net Assets Resulting From Operations: | Distributions to Shareholders: | Ratios/Supplementary Data: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Asset Value, Beginning of Period | Net Investment Income/ (Loss) | Net Realized/ Unrealized Gains/ (Losses) on Investments | Total from Operations | Net Investment Income | Net Realized Gains from Investments | Total Distributions to Shareholders | Net Asset | Total Return(a) | Net Assets, at End of Period (in thousands) | Ratio of Expenses to Average Net Assets, Prior to Expenses Paid Indirectly and Waivers(b) | Ratio of Expenses to Average Net Assets, Net of Expenses Paid Indirectly and Waivers(b) | Ratio of Net Investment Income/(Loss) to Average Net Assets(b) | Portfolio Turnover Rate(a)(c) | |||||||||||||||||||||||||||||||||||||||||||
The Value Equity Portfolio | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
HC Strategic Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Six Months ended December 31, 2019 (Unaudited) | $ | 20.21 | $ | 0.19 | (d) | $ | 1.83 | $ | 2.02 | $ | (0.19 | ) | $ | (0.01 | ) | $ | (0.20 | ) | $ | 22.03 | 10.06 | % | $ | 605,667 | 0.22 | % | 0.22 | % | 1.81 | % | 7.69 | % | ||||||||||||||||||||||||
Year Ended June 30, 2019 | 19.95 | 0.40 | (d)(e) | 1.34 | (e) | 1.74 | (0.41 | ) | (1.07 | ) | (1.48 | ) | 20.21 | 9.78 | % | 583,757 | 0.21 | % | 0.21 | % | 2.05 | % | 73.55 | % | ||||||||||||||||||||||||||||||||
Year Ended June 30, 2018 | 19.53 | 0.42 | 1.36 | 1.78 | (0.44 | ) | (0.92 | ) | (1.36 | ) | 19.95 | 9.11 | % | 599,457 | 0.27 | % | 0.26 | % | 2.10 | % | 58.60 | % | ||||||||||||||||||||||||||||||||||
Year Ended June 30, 2017 | 17.70 | 0.42 | 2.51 | 2.93 | (0.41 | ) | (0.69 | ) | (1.10 | ) | 19.53 | 16.78 | % | 612,508 | 0.29 | % | 0.28 | % | 2.22 | % | 61.30 | % | ||||||||||||||||||||||||||||||||||
Year Ended June 30, 2016 | 18.46 | 0.41 | (0.02 | ) | 0.39 | (0.41 | ) | (0.74 | ) | (1.15 | ) | 17.70 | 2.49 | % | 583,078 | 0.27 | % | 0.26 | % | 2.35 | % | 66.86 | % | |||||||||||||||||||||||||||||||||
Year Ended June 30, 2015 | 17.88 | 0.36 | 0.58 | 0.94 | (0.36 | ) | — | (0.36 | ) | 18.46 | 5.27 | % | 622,022 | 0.29 | % | 0.28 | % | 1.95 | % | 123.19 | % | |||||||||||||||||||||||||||||||||||
HC Advisors Shares |
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended May 1, 2019(f) | $ | 19.95 | $ | 0.46 | (d)(e) | $ | 1.26 | (e) | $ | 1.72 | $ | (0.33 | ) | $ | (1.07 | ) | $ | (1.40 | ) | $ | 20.27 | 9.69 | % | $ | — | 0.46 | % | 0.21 | % | 2.29 | % | 73.55 | % | |||||||||||||||||||||||
Year Ended June 30, 2018 | 19.52 | 0.43 | 1.36 | 1.79 | (0.44 | ) | (0.92 | ) | (1.36 | ) | 19.95 | 9.17 | % | 675 | 0.52 | % | 0.26 | % | 2.08 | % | 58.60 | % | ||||||||||||||||||||||||||||||||||
Year Ended June 30, 2017 | 17.69 | 0.42 | 2.51 | 2.93 | (0.41 | ) | (0.69 | ) | (1.10 | ) | 19.52 | 16.79 | % | 845 | 0.54 | % | 0.28 | % | 2.22 | % | 61.30 | % | ||||||||||||||||||||||||||||||||||
Year Ended June 30, 2016 | 18.46 | 0.44 | (0.06 | ) | 0.38 | (0.41 | ) | (0.74 | ) | (1.15 | ) | 17.69 | 2.43 | % | 786 | 0.52 | % | 0.26 | % | 2.38 | % | 66.86 | % | |||||||||||||||||||||||||||||||||
Year Ended June 30, 2015 | 17.88 | 0.36 | 0.58 | 0.94 | (0.36 | ) | — | (0.36 | ) | 18.46 | 5.27 | % | 1,163 | 0.54 | % | 0.28 | % | 1.94 | % | 123.19 | % | |||||||||||||||||||||||||||||||||||
The Institutional Value Equity Portfolio |
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||
HC Strategic Shares |
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Six Months ended December 31, 2019 (Unaudited) | $ | 12.79 | $ | 0.14 | (d) | $ | 1.07 | $ | 1.21 | $ | (0.14 | ) | $ | (0.50 | ) | $ | (0.64 | ) | $ | 13.36 | 9.55 | % | $ | 1,433,060 | 0.18 | % | 0.18 | % | 2.08 | % | 10.35 | % | ||||||||||||||||||||||||
Year Ended June 30, 2019 | 12.95 | 0.29 | (d)(e) | 0.73 | (e) | 1.02 | (0.28 | ) | (0.90 | ) | (1.18 | ) | 12.79 | 9.14 | % | 1,497,901 | 0.19 | % | 0.19 | % | 2.26 | % | 39.29 | % | ||||||||||||||||||||||||||||||||
Year Ended June 30, 2018 | 12.99 | 0.26 | 0.83 | 1.09 | (0.27 | ) | (0.86 | ) | (1.13 | ) | 12.95 | 8.35 | % | 928,683 | 0.26 | % | 0.25 | % | 2.04 | % | 68.39 | % | ||||||||||||||||||||||||||||||||||
Year Ended June 30, 2017 | 11.99 | 0.27 | 1.69 | 1.96 | (0.26 | ) | (0.70 | ) | (0.96 | ) | 12.99 | 16.66 | % | 797,147 | 0.29 | % | 0.28 | % | 2.08 | % | 55.25 | % | ||||||||||||||||||||||||||||||||||
Year Ended June 30, 2016 | 13.49 | 0.27 | (0.05 | ) | 0.22 | (0.27 | ) | (1.45 | ) | (1.72 | ) | 11.99 | 2.44 | % | 912,029 | 0.26 | % | 0.25 | % | 2.24 | % | 67.08 | % | |||||||||||||||||||||||||||||||||
Year Ended June 30, 2015 | 14.79 | 0.27 | 0.44 | 0.71 | (0.28 | ) | (1.73 | ) | (2.01 | ) | 13.49 | 5.05 | % | 915,067 | 0.28 | % | 0.27 | % | 1.95 | % | 119.98 | % | ||||||||||||||||||||||||||||||||||
HC Advisors Shares |
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended May 13, 2019(g) | $ | 12.96 | $ | 0.30 | (d)(e) | $ | 0.16 | (e) | $ | 0.46 | $ | (0.22 | ) | $ | (0.90 | ) | $ | (1.12 | ) | $ | 12.30 | 4.38 | % | $ | — | 0.44 | % | 0.19 | % | 2.36 | % | 39.29 | % | |||||||||||||||||||||||
Year Ended June 30, 2018 | 13.00 | 0.30 | 0.79 | 1.09 | (0.27 | ) | (0.86 | ) | (1.13 | ) | 12.96 | 8.34 | % | 738 | 0.51 | % | 0.25 | % | 1.99 | % | 68.39 | % | ||||||||||||||||||||||||||||||||||
Year Ended June 30, 2017 | 12.00 | 0.27 | 1.69 | 1.96 | (0.26 | ) | (0.70 | ) | (0.96 | ) | 13.00 | 16.65 | % | 1,493 | 0.54 | % | 0.28 | % | 2.13 | % | 55.25 | % | ||||||||||||||||||||||||||||||||||
Year Ended June 30, 2016 | 13.50 | 0.28 | (0.06 | ) | 0.22 | (0.27 | ) | (1.45 | ) | (1.72 | ) | 12.00 | 2.44 | % | 1,435 | 0.51 | % | 0.25 | % | 2.25 | % | 67.08 | % | |||||||||||||||||||||||||||||||||
Year Ended June 30, 2015 | 14.79 | 0.27 | 0.45 | 0.72 | (0.28 | ) | (1.73 | ) | (2.01 | ) | 13.50 | 5.12 | % | 1,613 | 0.53 | % | 0.27 | % | 1.96 | % | 119.98 | % |
(a) | Not annualized for periods less than one year. |
(b) | Annualized for periods less than one year. |
(c) | Portfolio turnover is calculated on the basis of the Portfolio, as a whole, without distinguishing between the classes of shares issued. |
(d) | Per share amounts are based on average shares outstanding. |
(e) | The amounts reported for a share outstanding throughout the period may not correlate to the aggregate amounts for the fiscal period due to the timing of sales and repurchases of Portfolio shares in relation to income earned and/or fluctuating fair value of the investments of the Portfolio. |
(f) | HC Advisors Shares are still offered, but were fully redeemed on May 1, 2019. |
(g) | HC Advisors Shares are still offered, but were fully redeemed on May 13, 2019. |
See accompanying notes to financial statements.
246
HC CAPITAL TRUST
Financial Highlights (continued)
Selected data for a share outstanding throughout the periods indicated.
Change in Net Assets Resulting From Operations: | Distributions to Shareholders: | Ratios/Supplementary Data: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Asset Value, Beginning of Period | Net Investment Income/ (Loss) | Net Realized/ Unrealized Gains/ (Losses) on Investments | Total from Operations | Net Investment Income | Net Realized Gains from Investments | Total Distributions to Shareholders | Net Asset | Total Return(a) | Net Assets, at End of Period (in thousands) | Ratio of Expenses to Average Net Assets, Prior to Expenses Paid Indirectly and Waivers(b) | Ratio of Expenses to Average Net Assets, Net of Expenses Paid Indirectly and Waivers(b) | Ratio of Net Investment Income/(Loss) to Average Net Assets(b) | Portfolio Turnover Rate(a)(c) | |||||||||||||||||||||||||||||||||||||||||||
The Growth Equity Portfolio |
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||
HC Strategic Shares |
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Six Months ended December 31, 2019 (Unaudited) | $ | 24.52 | $ | 0.18 | (d) | $ | 2.06 | $ | 2.24 | $ | (0.17 | ) | $ | (1.03 | ) | $ | (1.20 | ) | $ | 25.56 | 9.22 | % | $ | 802,994 | 0.25 | % | 0.25 | % | 1.40 | % | 13.91 | % | ||||||||||||||||||||||||
Year Ended June 30, 2019 | 23.54 | 0.30 | (d) | 2.30 | 2.60 | (0.30 | ) | (1.32 | ) | (1.62 | ) | 24.52 | 12.22 | % | 802,838 | 0.25 | % | 0.25 | % | 1.28 | % | 41.31 | % | |||||||||||||||||||||||||||||||||
Year Ended June 30, 2018 | 20.90 | 0.22 | 3.70 | 3.92 | (0.22 | ) | (1.06 | ) | (1.28 | ) | 23.54 | 19.12 | % | 808,868 | 0.30 | % | 0.29 | % | 0.96 | % | 39.77 | % | ||||||||||||||||||||||||||||||||||
Year Ended June 30, 2017 | 18.78 | 0.19 | 3.27 | 3.46 | (0.19 | ) | (1.15 | ) | (1.34 | ) | 20.90 | 19.31 | % | 786,563 | 0.31 | % | 0.31 | % | 0.98 | % | 38.28 | % | ||||||||||||||||||||||||||||||||||
Year Ended June 30, 2016 | 22.37 | 0.20 | 1.03 | 1.23 | (0.20 | ) | (4.62 | ) | (4.82 | ) | 18.78 | 5.88 | % | 763,770 | 0.29 | % | 0.29 | % | 0.99 | % | 38.90 | % | ||||||||||||||||||||||||||||||||||
Year Ended June 30, 2015 | 20.51 | 0.19 | 2.10 | 2.29 | (0.19 | ) | (0.24 | ) | (0.43 | ) | 22.37 | 11.27 | % | 872,004 | 0.30 | % | 0.30 | % | 0.88 | % | 57.33 | % | ||||||||||||||||||||||||||||||||||
HC Advisors Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended May 1, 2019(e) | $ | 23.50 | $ | 0.28 | (d) | $ | 2.00 | $ | 2.28 | $ | (0.23 | ) | $ | (1.32 | ) | $ | (1.55 | ) | $ | 24.23 | 10.77 | % | $ | — | 0.51 | % | 0.26 | % | 1.19 | % | 41.31 | % | ||||||||||||||||||||||||
Year Ended June 30, 2018 | 20.86 | 0.22 | 3.70 | 3.92 | (0.22 | ) | (1.06 | ) | (1.28 | ) | 23.50 | 19.16 | % | 922 | 0.55 | % | 0.29 | % | 0.94 | % | 39.77 | % | ||||||||||||||||||||||||||||||||||
Year Ended June 30, 2017 | 18.76 | 0.19 | 3.25 | 3.44 | (0.19 | ) | (1.15 | ) | (1.34 | ) | 20.86 | 19.23 | % | 1,118 | 0.56 | % | 0.31 | % | 0.98 | % | 38.28 | % | ||||||||||||||||||||||||||||||||||
Year Ended June 30, 2016 | 22.35 | 0.22 | 1.01 | 1.23 | (0.20 | ) | (4.62 | ) | (4.82 | ) | 18.76 | 5.89 | % | 1,085 | 0.54 | % | 0.29 | % | 1.00 | % | 38.90 | % | ||||||||||||||||||||||||||||||||||
Year Ended June 30, 2015 | 20.48 | 0.19 | 2.11 | 2.30 | (0.19 | ) | (0.24 | ) | (0.43 | ) | 22.35 | 11.34 | % | 1,623 | 0.55 | % | 0.30 | % | 0.88 | % | 57.33 | % | ||||||||||||||||||||||||||||||||||
The Institutional Growth Equity Portfolio | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
HC Strategic Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Six Months ended December 31, 2019 (Unaudited) | $ | 18.53 | $ | 0.12 | (d) | $ | 1.78 | $ | 1.90 | $ | (0.11 | ) | $ | (3.42 | ) | $ | (3.53 | ) | $ | 16.90 | 10.54 | % | $ | 1,461,367 | 0.20 | % | 0.20 | % | 1.31 | % | 16.39 | % | ||||||||||||||||||||||||
Year Ended June 30, 2019 | 18.25 | 0.24 | (d)(f) | 1.59 | 1.83 | (0.24 | ) | (1.31 | ) | (1.55 | ) | 18.53 | 11.46 | % | 1,535,959 | 0.23 | % | 0.23 | % | 1.31 | % | 69.93 | % | |||||||||||||||||||||||||||||||||
Year Ended June 30, 2018 | 16.10 | 0.18 | 2.82 | 3.00 | (0.18 | ) | (0.67 | ) | (0.85 | ) | 18.25 | 18.97 | % | 1,187,715 | 0.28 | % | 0.28 | % | 1.04 | % | 43.36 | % | ||||||||||||||||||||||||||||||||||
Year Ended June 30, 2017 | 14.80 | 0.17 | 2.48 | 2.65 | (0.17 | ) | (1.18 | ) | (1.35 | ) | 16.10 | 19.03 | % | 1,034,294 | 0.29 | % | 0.29 | % | 1.06 | % | 21.93 | % | ||||||||||||||||||||||||||||||||||
Year Ended June 30, 2016 | 17.14 | 0.16 | 0.85 | 1.01 | (0.16 | ) | (3.19 | ) | (3.35 | ) | 14.80 | 6.36 | % | 1,282,473 | 0.27 | % | 0.27 | % | 1.05 | % | 37.43 | % | ||||||||||||||||||||||||||||||||||
Year Ended June 30, 2015 | 16.59 | 0.16 | 1.63 | 1.79 | (0.15 | ) | (1.09 | ) | (1.24 | ) | 17.14 | 11.14 | % | 1,317,132 | 0.29 | % | 0.28 | % | 0.93 | % | 96.81 | % | ||||||||||||||||||||||||||||||||||
HC Advisors Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended May 13, 2019(g) | $ | 18.25 | $ | 0.25 | (d)(f) | $ | 0.72 | $ | 0.97 | $ | (0.19 | ) | $ | (1.31 | ) | $ | (1.50 | ) | $ | 17.72 | 6.27 | % | $ | — | 0.48 | % | 0.23 | % | 1.36 | % | 69.93 | % | ||||||||||||||||||||||||
Year Ended June 30, 2018 | 16.10 | 0.20 | 2.80 | 3.00 | (0.18 | ) | (0.67 | ) | (0.85 | ) | 18.25 | 18.97 | % | 1,026 | 0.53 | % | 0.28 | % | 1.00 | % | 43.36 | % | ||||||||||||||||||||||||||||||||||
Year Ended June 30, 2017 | 14.80 | 0.17 | 2.48 | 2.65 | (0.17 | ) | (1.18 | ) | (1.35 | ) | 16.10 | 19.03 | % | 2,008 | 0.54 | % | 0.29 | % | 1.08 | % | 21.93 | % | ||||||||||||||||||||||||||||||||||
Year Ended June 30, 2016 | 17.15 | 0.17 | 0.83 | 1.00 | (0.16 | ) | (3.19 | ) | (3.35 | ) | 14.80 | 6.30 | % | 1,931 | 0.52 | % | 0.27 | % | 1.05 | % | 37.43 | % | ||||||||||||||||||||||||||||||||||
Year Ended June 30, 2015 | 16.59 | 0.16 | 1.64 | 1.80 | (0.15 | ) | (1.09 | ) | (1.24 | ) | 17.15 | 11.20 | % | 2,187 | 0.54 | % | 0.28 | % | 0.93 | % | 96.81 | % |
(a) | Not annualized for periods less than one year. |
(b) | Annualized for periods less than one year. |
(c) | Portfolio turnover is calculated on the basis of the Portfolio, as a whole, without distinguishing between the classes of shares issued. |
(d) | Per share amounts are based on average shares outstanding. |
(e) | HC Advisors Shares are still offered, but were fully redeemed on May 1, 2019. |
(f) | The amounts reported for a share outstanding throughout the period may not correlate to the aggregate amounts for the fiscal period due to the timing of sales and repurchases of Portfolio shares in relation to income earned and/or fluctuating fair value of the investments of the Portfolio. |
(g) | HC Advisors Shares are still offered, but were fully redeemed on May 13, 2019. |
See accompanying notes to financial statements.
247
HC CAPITAL TRUST
Financial Highlights (continued)
Selected data for a share outstanding throughout the periods indicated.
Change in Net Assets Resulting From Operations: | Distributions to Shareholders: | Ratios/Supplementary Data: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Asset Value, Beginning of Period | Net Investment Income/ (Loss) | Net Realized/ Unrealized Gains/ (Losses) on Investments | Total from Operations | Net Investment Income | Net Realized Gains from Investments | Tax Return of Capital | Total Distributions to Shareholders | Net Asset | Total Return(a) | Net Assets, at End of Period (in thousands) | Ratio of Expenses to Average Net Assets, Prior to Expenses Paid Indirectly and Waivers(b) | Ratio of Expenses to Average Net Assets, Net of Expenses Paid Indirectly and Waivers(b) | Ratio of Net Investment Income/(Loss) to Average Net Assets(b) | Portfolio Turnover Rate(a)(c) | ||||||||||||||||||||||||||||||||||||||||||||||
The Small Capitalization-Mid Capitalization Equity Portfolio |
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HC Strategic Shares |
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Six Months ended December 31, 2019 (Unaudited) | $ | 26.25 | $ | 0.11 | (d) | $ | 1.65 | $ | 1.76 | $ | (0.10 | ) | $ | (1.10 | ) | $ | — | $ | (1.20 | ) | $ | 26.81 | 6.76 | % | $ | 97,995 | 0.56 | % | 0.56 | % | 0.83 | % | 44.41 | % | ||||||||||||||||||||||||||
Year Ended June 30, 2019 | 29.52 | 0.10 | (d) | (0.77 | ) | (0.67 | ) | (0.13 | ) | (2.47 | ) | — | (2.60 | ) | 26.25 | (0.81 | )% | 95,614 | 0.68 | % | 0.67 | % | 0.36 | % | 79.39 | % | ||||||||||||||||||||||||||||||||||
Year Ended June 30, 2018 | 25.23 | 0.10 | 4.29 | 4.39 | (0.10 | ) | — | — | (0.10 | ) | 29.52 | 17.42 | % | 110,489 | 0.77 | % | 0.76 | % | 0.37 | % | 61.65 | % | ||||||||||||||||||||||||||||||||||||||
Year Ended June 30, 2017 | 21.04 | 0.02 | 4.20 | 4.22 | (0.03 | ) | — | — | (0.03 | ) | 25.23 | 20.07 | % | 107,395 | 0.83 | % | 0.82 | % | 0.09 | % | 48.52 | % | ||||||||||||||||||||||||||||||||||||||
Year Ended June 30, 2016 | 22.68 | 0.02 | (1.65 | ) | (1.63 | ) | (0.01 | ) | — | — | (e) | (0.01 | ) | 21.04 | (7.17 | )% | 98,325 | 0.79 | % | 0.76 | % | 0.09 | % | 48.89 | % | |||||||||||||||||||||||||||||||||||
Year Ended June 30, 2015 | 21.22 | (0.01 | ) | 1.48 | 1.47 | (0.01 | ) | — | — | (0.01 | ) | 22.68 | 6.91 | % | 114,754 | 0.83 | % | 0.82 | % | (0.06 | )% | 67.34 | % | |||||||||||||||||||||||||||||||||||||
HC Advisors Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended May 1, 2019(f) | $ | 29.49 | $ | 0.08 | (d) | $ | (0.97 | ) | $ | (0.89 | ) | $ | (0.10 | ) | $ | (2.47 | ) | $ | — | $ | (2.57 | ) | $ | 26.03 | (1.62 | )% | $ | — | 0.93 | % | 0.66 | % | 0.27 | % | 79.39 | % | ||||||||||||||||||||||||
Year Ended June 30, 2018 | 25.21 | 0.10 | 4.28 | 4.38 | (0.10 | ) | — | — | (0.10 | ) | 29.49 | 17.40 | % | 121 | 1.02 | % | 0.76 | % | 0.36 | % | 61.65 | % | ||||||||||||||||||||||||||||||||||||||
Year Ended June 30, 2017 | 21.02 | 0.02 | 4.20 | 4.22 | (0.03 | ) | — | — | (0.03 | ) | 25.21 | 20.09 | % | 141 | 1.08 | % | 0.82 | % | 0.09 | % | 48.52 | % | ||||||||||||||||||||||||||||||||||||||
Year Ended June 30, 2016 | 22.66 | 0.01 | (1.64 | ) | (1.63 | ) | (0.01 | ) | — | — | (e) | (0.01 | ) | 21.02 | (7.18 | )% | 131 | 1.04 | % | 0.76 | % | 0.08 | % | 48.89 | % | |||||||||||||||||||||||||||||||||||
Year Ended June 30, 2015 | 21.20 | (0.01 | ) | 1.48 | 1.47 | (0.01 | ) | — | — | (0.01 | ) | 22.66 | 6.92 | % | 195 | 1.08 | % | 0.82 | % | (0.06 | )% | 67.34 | % | |||||||||||||||||||||||||||||||||||||
The Institutional Small Capitalization-Mid Capitalization Equity Portfolio |
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HC Strategic Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Six Months ended December 31, 2019 (Unaudited) | $ | 14.08 | $ | 0.07 | (d) | $ | 0.98 | $ | 1.05 | $ | (0.05 | ) | $ | (1.77 | ) | $ | — | $ | (1.82 | ) | $ | 13.31 | 7.59 | % | $ | 142,415 | 0.40 | % | 0.40 | % | 0.99 | % | 13.51 | % | ||||||||||||||||||||||||||
Year Ended June 30, 2019 | 18.39 | 0.08 | (d) | (0.54 | ) | (0.46 | ) | (0.08 | ) | (3.77 | ) | — | (3.85 | ) | 14.08 | 1.22 | % | 147,415 | 0.56 | % | 0.56 | % | 0.49 | % | 52.75 | % | ||||||||||||||||||||||||||||||||||
Year Ended June 30, 2018 | 17.08 | 0.08 | 2.88 | 2.96 | (0.08 | ) | (1.57 | ) | — | (1.65 | ) | 18.39 | 18.11 | % | 159,774 | 0.70 | % | 0.70 | % | 0.49 | % | 95.15 | % | |||||||||||||||||||||||||||||||||||||
Year Ended June 30, 2017 | 14.57 | 0.02 | 2.81 | 2.83 | (0.03 | ) | (0.29 | ) | — | (0.32 | ) | 17.08 | 19.50 | % | 143,995 | 0.75 | % | 0.75 | % | 0.14 | % | 47.63 | % | |||||||||||||||||||||||||||||||||||||
Year Ended June 30, 2016 | 16.61 | 0.03 | (1.15 | ) | (1.12 | ) | — | (0.90 | ) | (0.02 | ) | (0.92 | ) | 14.57 | (6.69 | )% | 192,253 | 0.72 | % | 0.69 | % | 0.17 | % | 52.38 | % | |||||||||||||||||||||||||||||||||||
Year Ended June 30, 2015 | 17.19 | 0.01 | 1.14 | 1.15 | (0.01 | ) | (1.72 | ) | — | (1.73 | ) | 16.61 | 7.43 | % | 200,423 | 0.81 | % | 0.80 | % | 0.03 | % | 83.94 | % | |||||||||||||||||||||||||||||||||||||
HC Advisors Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended May 13, 2019(g) | $ | 18.39 | $ | 0.06 | (d) | $ | (1.12 | ) | $ | (1.06 | ) | $ | (0.07 | ) | $ | (3.77 | ) | $ | — | $ | (3.84 | ) | $ | 13.49 | (3.12 | )% | $ | — | 0.81 | % | 0.56 | % | 0.37 | % | 52.75 | % | ||||||||||||||||||||||||
Year Ended June 30, 2018 | 17.07 | 0.10 | 2.87 | 2.97 | (0.08 | ) | (1.57 | ) | — | (1.65 | ) | 18.39 | 18.18 | % | 132 | 0.95 | % | 0.70 | % | 0.50 | % | 95.15 | % | |||||||||||||||||||||||||||||||||||||
Year Ended June 30, 2017 | 14.57 | 0.03 | 2.79 | 2.82 | (0.03 | ) | (0.29 | ) | — | (0.32 | ) | 17.07 | 19.43 | % | 248 | 1.00 | % | 0.75 | % | 0.16 | % | 47.63 | % | |||||||||||||||||||||||||||||||||||||
Year Ended June 30, 2016 | 16.61 | 0.03 | (1.15 | ) | (1.12 | ) | — | (0.90 | ) | (0.02 | ) | (0.92 | ) | 14.57 | (6.69 | )% | 235 | 0.97 | % | 0.69 | % | 0.16 | % | 52.38 | % | |||||||||||||||||||||||||||||||||||
Year Ended June 30, 2015 | 17.19 | 0.01 | 1.14 | 1.15 | (0.01 | ) | (1.72 | ) | — | (1.73 | ) | 16.61 | 7.43 | % | 265 | 1.06 | % | 0.80 | % | 0.03 | % | 83.94 | % | |||||||||||||||||||||||||||||||||||||
The Real Estate Securities Portfolio |
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HC Strategic Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Six Months ended December 31, 2019 (Unaudited) | $ | 3.26 | $ | 0.02 | (d) | $ | 0.24 | $ | 0.26 | $ | (0.05 | ) | $ | (0.67 | ) | $ | — | $ | (0.72 | ) | $ | 2.80 | 8.37 | % | $ | 91,024 | 0.73 | % | 0.73 | % | 1.46 | % | 17.85 | % | ||||||||||||||||||||||||||
Year Ended June 30, 2019 | 2.99 | 0.06 | (d) | 0.30 | 0.36 | (0.06 | ) | (0.03 | ) | — | (0.09 | ) | 3.26 | 12.54 | % | 120,069 | 0.77 | % | 0.77 | % | 1.89 | % | 48.08 | % | ||||||||||||||||||||||||||||||||||||
Year Ended June 30, 2018 | 3.03 | 0.05 | 0.05 | 0.10 | (0.05 | ) | (0.09 | ) | — | (0.14 | ) | 2.99 | 3.20 | % | 131,601 | 0.74 | % | 0.74 | % | 1.76 | % | 49.59 | % | |||||||||||||||||||||||||||||||||||||
Year Ended June 30, 2017 | 3.39 | 0.04 | (0.05 | ) | (0.01 | ) | (0.04 | ) | (0.31 | ) | — | (0.35 | ) | 3.03 | 0.44 | % | 123,794 | 0.77 | % | 0.77 | % | 1.19 | % | 58.32 | % | |||||||||||||||||||||||||||||||||||
Year Ended June 30, 2016 | 3.24 | 0.05 | 0.52 | 0.57 | (0.04 | ) | (0.38 | ) | — | (0.42 | ) | 3.39 | 18.81 | % | 151,512 | 0.77 | % | 0.77 | % | 1.44 | % | 51.03 | % | |||||||||||||||||||||||||||||||||||||
Year Ended June 30, 2015 | 3.20 | 0.04 | 0.21 | 0.25 | (0.05 | ) | (0.16 | ) | — | (0.21 | ) | 3.24 | 7.44 | % | 132,758 | 0.79 | % | 0.79 | % | 1.22 | % | 60.49 | % |
(a) | Not annualized for periods less than one year. |
(b) | Annualized for periods less than one year. |
(c) | Portfolio turnover is calculated on the basis of the Portfolio, as a whole, without distinguishing between the classes of shares issued. |
(d) | Per share amounts are based on average shares outstanding. |
(e) | Amounts round to less than $0.005 per share. |
(f) | HC Advisors Shares are still offered, but were fully redeemed on May 1, 2019. |
(g) | HC Advisors Shares are still offered, but were fully redeemed on May 13, 2019. |
See accompanying notes to financial statements.
248
HC CAPITAL TRUST
Financial Highlights (continued)
Selected data for a share outstanding throughout the periods indicated.
Change in Net Assets Resulting From Operations: | Distributions to Shareholders: | Ratios/Supplementary Data: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Asset Value, Beginning of Period | Net Investment Income/ (Loss) | Net Realized/ Unrealized Gains/ (Losses) on Investments | Total from Operations | Net Investment Income | Net Realized Gains from Investments | Total Distributions to Shareholders | Net Asset Value, End of Period | Total Return(a) | Net Assets, at End of Period (in thousands) | Ratio of Expenses to Average Net Assets, Prior to Expenses Paid Indirectly and Waivers(b) | Ratio of Expenses to Average Net Assets, Net of Expenses Paid Indirectly and Waivers(b) | Ratio of Net Investment Income/(Loss) to Average Net Assets(b) | Portfolio Turnover Rate(a)(c) | |||||||||||||||||||||||||||||||||||||||||||
The Commodity Returns Strategy Portfolio(d) |
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HC Strategic Shares |
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Six Months ended December 31, 2019 (Unaudited) | $ | 9.09 | $ | 0.13 | (e) | $ | 0.15 | $ | 0.28 | $ | (0.14 | ) | $ | — | $ | (0.14 | ) | $ | 9.23 | 3.19 | % | $ | 126,869 | 0.47 | % | 0.47 | % | 2.91 | % | 1.17 | % | |||||||||||||||||||||||||
Year Ended June 30, 2019 | 9.76 | 0.24 | (e) | (0.61 | ) | (0.37 | ) | (0.30 | ) | — | (0.30 | ) | 9.09 | (3.73 | )% | 159,469 | 0.36 | % | 0.32 | % | 2.62 | % | 14.57 | % | ||||||||||||||||||||||||||||||||
Year Ended June 30, 2018 | 8.48 | 0.23 | 1.34 | 1.57 | (0.29 | ) | — | (0.29 | ) | 9.76 | 18.61 | % | 861,431 | 0.40 | % | 0.35 | % | 2.46 | % | 28.82 | % | |||||||||||||||||||||||||||||||||||
Year Ended June 30, 2017 | 7.87 | 0.18 | 0.60 | 0.78 | (0.17 | ) | — | (0.17 | ) | 8.48 | 9.87 | % | 764,818 | 0.42 | % | 0.42 | % | 1.99 | % | 56.34 | % | |||||||||||||||||||||||||||||||||||
Year Ended June 30, 2016 | 8.80 | 0.14 | (0.94 | ) | (0.80 | ) | (0.13 | ) | — | (0.13 | ) | 7.87 | (9.01 | )% | 1,111,071 | 0.44 | % | 0.44 | % | 1.89 | % | 130.01 | % | |||||||||||||||||||||||||||||||||
Year Ended June 30, 2015 | 11.64 | 0.13 | (2.79 | ) | (2.66 | ) | (0.14 | ) | (0.04 | ) | (0.18 | ) | 8.80 | (22.91 | )% | 1,193,003 | 0.63 | % | 0.63 | % | 1.40 | % | 63.29 | % | ||||||||||||||||||||||||||||||||
HC Advisors Shares |
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Period Ended May 13, 2019(f) | $ | 9.76 | $ | 0.23 | (e) | $ | (1.09 | ) | $ | (0.86 | ) | $ | (0.22 | ) | $ | — | $ | (0.22 | ) | $ | 8.68 | (8.84 | )% | $ | — | 0.62 | % | 0.32 | % | 2.48 | % | 14.57 | % | |||||||||||||||||||||||
Year Ended June 30, 2018 | 8.48 | 0.20 | 1.37 | 1.57 | (0.29 | ) | — | (0.29 | ) | 9.76 | 18.61 | % | 698 | 0.65 | % | 0.35 | % | 2.38 | % | 28.82 | % | |||||||||||||||||||||||||||||||||||
Year Ended June 30, 2017 | 7.86 | 0.17 | 0.62 | 0.79 | (0.17 | ) | — | (0.17 | ) | 8.48 | 10.01 | % | 1,068 | 0.67 | % | 0.42 | % | 1.99 | % | 56.34 | % | |||||||||||||||||||||||||||||||||||
Year Ended June 30, 2016 | 8.80 | 0.14 | (0.95 | ) | (0.81 | ) | (0.13 | ) | — | (0.13 | ) | 7.86 | (9.12 | )% | 1,351 | 0.69 | % | 0.44 | % | 1.86 | % | 130.01 | % | |||||||||||||||||||||||||||||||||
Year Ended June 30, 2015 | 11.63 | 0.13 | (2.78 | ) | (2.65 | ) | (0.14 | ) | (0.04 | ) | (0.18 | ) | 8.80 | (22.84 | )% | 1,635 | 0.88 | % | 0.63 | % | 1.37 | % | 63.29 | % | ||||||||||||||||||||||||||||||||
The ESG Growth Portfolio |
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HC Strategic Shares |
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Six Months ended December 31, 2019 (Unaudited) | $ | 10.92 | $ | 0.09 | (e) | $ | 0.91 | $ | 1.00 | $ | (0.11 | ) | $ | (0.51 | ) | $ | (0.62 | ) | $ | 11.30 | 9.28 | % | $ | 161,219 | 0.33 | % | 0.28 | % | 1.66 | % | 4.32 | % | ||||||||||||||||||||||||
Year Ended June 30, 2019 | 11.42 | 0.28 | (e) | (0.10 | ) | 0.18 | (0.30 | ) | (0.38 | ) | (0.68 | ) | 10.92 | 2.06 | % | 148,978 | 0.34 | % | 0.34 | % | 2.52 | % | 171.95 | % | ||||||||||||||||||||||||||||||||
Year Ended June 30, 2018 | 10.65 | 0.30 | 0.78 | 1.08 | (0.31 | ) | — | (0.31 | ) | 11.42 | 10.16 | % | 166,523 | 0.29 | % | 0.29 | % | 2.69 | % | 15.54 | % | |||||||||||||||||||||||||||||||||||
Year Ended June 30, 2017 | 9.34 | 0.27 | 1.32 | 1.59 | (0.28 | ) | — | (0.28 | ) | 10.65 | 17.19 | % | 148,643 | 0.35 | % | 0.34 | % | 2.70 | % | 25.45 | % | |||||||||||||||||||||||||||||||||||
Period Ended June 30, 2016(g) | 10.00 | 0.24 | (0.65 | ) | (0.41 | ) | (0.23 | ) | (0.02 | ) | (0.25 | ) | 9.34 | (4.16 | )% | 121,325 | 0.42 | % | 0.42 | % | 2.76 | % | 35.90 | % | ||||||||||||||||||||||||||||||||
HC Advisors Shares |
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Period Ended June 14, 2019(h) | $ | 11.41 | $ | 0.28 | (e) | $ | (0.29 | ) | $ | (0.01 | ) | $ | (0.21 | ) | $ | (0.38 | ) | $ | (0.59 | ) | $ | 10.81 | 0.32 | % | $ | — | 0.60 | % | 0.35 | % | 2.56 | % | 171.95 | % | ||||||||||||||||||||||
Year Ended June 30, 2018 | 10.64 | 0.30 | 0.78 | 1.08 | (0.31 | ) | — | (0.31 | ) | 11.41 | 10.17 | % | 1 | 0.54 | % | 0.29 | % | 2.67 | % | 15.54 | % | |||||||||||||||||||||||||||||||||||
Year Ended June 30, 2017 | 9.34 | 0.27 | 1.31 | 1.58 | (0.28 | ) | — | (0.28 | ) | 10.64 | 17.08 | % | 1 | 0.60 | % | 0.34 | % | 2.67 | % | 25.45 | % | |||||||||||||||||||||||||||||||||||
Period Ended June 30, 2016(g) | 10.00 | 0.24 | (0.65 | ) | (0.41 | ) | (0.23 | ) | (0.02 | ) | (0.25 | ) | 9.34 | (4.16 | )% | 1 | 0.67 | % | 0.42 | % | 2.76 | % | 35.90 | % |
(a) | Not annualized for periods less than one year. |
(b) | Annualized for periods less than one year. |
(c) | Portfolio turnover is calculated on the basis of the Portfolio, as a whole, without distinguishing between the classes of shares issued. |
(d) | Statement has been consolidated. See Note 2.N. in the Notes to Financial Statements for basis of consolidation. |
(e) | Per share amounts are based on average shares outstanding. |
(f) | HC Advisors Shares are still offered, but were fully redeemed on May 13, 2019. |
(g) | For the period July 14, 2015 (commencement of operations) through June 30, 2016. |
(h) | HC Advisors Shares are still offered, but were fully redeemed on June 14, 2019. |
See accompanying notes to financial statements.
249
HC CAPITAL TRUST
Financial Highlights (continued)
Selected data for a share outstanding throughout the periods indicated.
Change in Net Assets Resulting From Operations: | Distributions to Shareholders: | Ratios/Supplementary Data: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Asset Value, Beginning of Period | Net Investment Income/ (Loss) | Net Realized/ Unrealized Gains/ (Losses) on Investments | Total from Operations | Net Investment Income | Net Realized Gains from Investments | Total Distributions to Shareholders | Net Asset | Total Return(a) | Net Assets, at End of Period (in thousands) | Ratio of Expenses to Average Net Assets, Prior to Expenses Paid Indirectly and Waivers(b) | Ratio of Expenses to Average Net Assets, Net of Expenses Paid Indirectly and Waivers(b) | Ratio of Net Investment Income/(Loss) to Average Net Assets(b) | Portfolio Turnover Rate(a)(c) | |||||||||||||||||||||||||||||||||||||||||||
The Catholic SRI Growth Portfolio | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
HC Strategic Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Six Months ended December 31, 2019 (Unaudited) | $ | 11.84 | $ | 0.12 | (d) | $ | 0.93 | $ | 1.05 | $ | (0.12 | ) | $ | (0.35 | ) | $ | (0.47 | ) | $ | 12.42 | 8.93 | % | $ | 56,751 | 0.42 | % | 0.31 | % | 1.67 | % | 3.81 | % | ||||||||||||||||||||||||
Year Ended June 30, 2019 | 12.71 | 0.31 | (d) | (0.14 | ) | 0.17 | (0.31 | ) | (0.73 | ) | (1.04 | ) | 11.84 | 2.16 | % | 51,401 | 0.41 | % | 0.31 | % | 2.60 | % | 179.66 | % | ||||||||||||||||||||||||||||||||
Year Ended June 30, 2018 | 12.02 | 0.34 | 1.00 | 1.34 | (0.34 | ) | (0.31 | ) | (0.65 | ) | 12.71 | 11.23 | % | 29,413 | 0.37 | % | 0.31 | % | 2.65 | % | 17.01 | % | ||||||||||||||||||||||||||||||||||
Year Ended June 30, 2017 | 10.75 | 0.31 | 1.58 | 1.89 | (0.35 | ) | (0.27 | ) | (0.62 | ) | 12.02 | 18.02 | % | 27,992 | 0.57 | % | 0.31 | % | 2.85 | % | 27.41 | % | ||||||||||||||||||||||||||||||||||
Period Ended June 30, 2016(e) | 10.00 | 0.19 | 0.74 | 0.93 | (0.18 | ) | — | (0.18 | ) | 10.75 | 8.81 | % | 20,324 | 0.84 | % | 0.31 | % | 3.88 | % | 25.63 | % | |||||||||||||||||||||||||||||||||||
HC Advisors Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended June 14, 2019(f) | $ | 12.72 | $ | 0.31 | (d) | $ | (0.39 | ) | $ | (0.08 | ) | $ | (0.20 | ) | $ | (0.73 | ) | $ | (0.93 | ) | $ | 11.71 | 0.07 | % | $ | — | 0.66 | % | 0.31 | % | 2.60 | % | 179.66 | % | ||||||||||||||||||||||
Year Ended June 30, 2018 | 12.03 | 0.35 | 0.99 | 1.34 | (0.34 | ) | (0.31 | ) | (0.65 | ) | 12.72 | 11.22 | % | 1 | 0.62 | % | 0.31 | % | 2.72 | % | 17.01 | % | ||||||||||||||||||||||||||||||||||
Year Ended June 30, 2017 | 10.76 | 0.32 | 1.57 | 1.89 | (0.35 | ) | (0.27 | ) | (0.62 | ) | 12.03 | 18.00 | % | 1 | 0.82 | % | 0.31 | % | 2.77 | % | 27.41 | % | ||||||||||||||||||||||||||||||||||
Period Ended June 30, 2016(e) | 10.00 | 0.19 | 0.75 | 0.94 | (0.18 | ) | — | (0.18 | ) | 10.76 | 8.91 | % | 1 | 1.09 | % | 0.31 | % | 3.88 | % | 25.63 | % | |||||||||||||||||||||||||||||||||||
The International Equity Portfolio | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
HC Strategic Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Six Months ended December 31, 2019 (Unaudited) | $ | 10.37 | $ | 0.08 | (d) | $ | 0.77 | $ | 0.85 | $ | (0.02 | ) | $ | — | $ | (0.02 | ) | $ | 11.20 | 8.22 | % | $ | 899,841 | 0.49 | % | 0.49 | % | 1.60 | % | 47.96 | % | |||||||||||||||||||||||||
Year Ended June 30, 2019 | 10.74 | 0.34 | (d) | (0.32 | ) | 0.02 | (0.39 | ) | — | (0.39 | ) | 10.37 | 0.24 | % | 911,059 | 0.47 | % | 0.47 | % | 3.28 | % | 54.91 | % | |||||||||||||||||||||||||||||||||
Year Ended June 30, 2018 | 10.48 | 0.33 | 0.26 | 0.59 | (0.33 | ) | — | (0.33 | ) | 10.74 | 5.60 | % | 1,213,191 | 0.44 | % | 0.44 | % | 2.88 | % | 29.94 | % | |||||||||||||||||||||||||||||||||||
Year Ended June 30, 2017 | 9.00 | 0.29 | 1.49 | 1.78 | (0.30 | ) | — | (0.30 | ) | 10.48 | 19.75 | % | 1,234,134 | 0.43 | % | 0.42 | % | 2.74 | % | 52.75 | % | |||||||||||||||||||||||||||||||||||
Year Ended June 30, 2016 | 11.18 | 0.28 | (1.40 | ) | (1.12 | ) | (0.27 | ) | (0.79 | ) | (1.06 | ) | 9.00 | (10.15 | )% | 1,165,041 | 0.38 | % | 0.37 | % | 2.75 | % | 42.41 | % | ||||||||||||||||||||||||||||||||
Year Ended June 30, 2015 | 13.56 | 0.30 | (0.96 | ) | (0.66 | ) | (0.34 | ) | (1.38 | ) | (1.72 | ) | 11.18 | (4.50 | )% | 1,522,384 | 0.38 | % | 0.38 | % | 2.61 | % | 48.85 | % | ||||||||||||||||||||||||||||||||
HC Advisors Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended May 1, 2019(g) | $ | 10.75 | $ | 0.20 | (d) | $ | (0.17 | ) | $ | 0.03 | $ | (0.03 | ) | $ | — | $ | (0.03 | ) | $ | 10.75 | 0.31 | % | $ | — | 0.72 | % | 0.46 | % | 1.95 | % | 54.91 | % | ||||||||||||||||||||||||
Year Ended June 30, 2018 | 10.49 | 0.38 | 0.21 | 0.59 | (0.33 | ) | — | (0.33 | ) | 10.75 | 5.60 | % | 1,661 | 0.69 | % | 0.44 | % | 2.77 | % | 29.94 | % | |||||||||||||||||||||||||||||||||||
Year Ended June 30, 2017 | 9.00 | 0.28 | 1.51 | 1.79 | (0.30 | ) | — | (0.30 | ) | 10.49 | 19.87 | % | 2,222 | 0.68 | % | 0.42 | % | 2.79 | % | 52.75 | % | |||||||||||||||||||||||||||||||||||
Year Ended June 30, 2016 | 11.18 | 0.28 | (1.40 | ) | (1.12 | ) | (0.27 | ) | (0.79 | ) | (1.06 | ) | 9.00 | (10.16 | )% | 1,986 | 0.63 | % | 0.37 | % | 2.64 | % | 42.41 | % | ||||||||||||||||||||||||||||||||
Year Ended June 30, 2015 | 13.56 | 0.30 | (0.96 | ) | (0.66 | ) | (0.34 | ) | (1.38 | ) | (1.72 | ) | 11.18 | (4.50 | )% | 3,032 | 0.63 | % | 0.38 | % | 2.59 | % | 48.85 | % | ||||||||||||||||||||||||||||||||
The Institutional International Equity Portfolio |
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HC Strategic Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Six Months ended December 31, 2019 (Unaudited) | $ | 9.70 | $ | 0.09 | (d) | $ | 0.64 | $ | 0.73 | $ | (0.10 | ) | $ | — | (d) | $ | (0.10 | ) | $ | 10.33 | 7.52 | % | $ | 1,776,751 | 0.45 | % | 0.45 | % | 1.74 | % | 17.94 | % | ||||||||||||||||||||||||
Year Ended June 30, 2019 | 10.57 | 0.34 | (d) | (0.40 | ) | (0.06 | ) | (0.42 | ) | (0.39 | ) | (0.81 | ) | 9.70 | 0.09 | % | 1,886,176 | 0.42 | % | 0.42 | % | 3.46 | % | 37.56 | % | |||||||||||||||||||||||||||||||
Year Ended June 30, 2018 | 10.38 | 0.35 | 0.26 | 0.61 | (0.40 | ) | (0.02 | ) | (0.42 | ) | 10.57 | 5.77 | % | 2,332,353 | 0.40 | % | 0.40 | % | 3.11 | % | 40.38 | % | ||||||||||||||||||||||||||||||||||
Year Ended June 30, 2017 | 8.87 | 0.28 | 1.52 | 1.80 | (0.29 | ) | — | (0.29 | ) | 10.38 | 20.38 | % | 2,452,608 | 0.40 | % | 0.40 | % | 2.83 | % | 52.79 | % | |||||||||||||||||||||||||||||||||||
Year Ended June 30, 2016 | 10.58 | 0.28 | (1.28 | ) | (1.00 | ) | (0.27 | ) | (0.44 | ) | (0.71 | ) | 8.87 | (9.54 | )% | 2,586,742 | 0.36 | % | 0.36 | % | 3.00 | % | 43.96 | % | ||||||||||||||||||||||||||||||||
Year Ended June 30, 2015 | 12.58 | 0.29 | (0.89 | ) | (0.60 | ) | (0.32 | ) | (1.08 | ) | (1.40 | ) | 10.58 | (4.38 | )% | 2,869,985 | 0.36 | % | 0.36 | % | 2.69 | % | 52.55 | % | ||||||||||||||||||||||||||||||||
HC Advisors Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended May 13, 2019(h) | $ | 10.56 | $ | 0.22 | (d) | $ | (0.69 | ) | $ | (0.47 | ) | $ | (0.15 | ) | $ | (0.39 | ) | $ | (0.54 | ) | $ | 9.55 | (4.06 | )% | $ | — | 0.67 | % | 0.42 | % | 2.14 | % | 37.56 | % | ||||||||||||||||||||||
Year Ended June 30, 2018 | 10.37 | 0.30 | 0.31 | 0.61 | (0.40 | ) | (0.02 | ) | (0.42 | ) | 10.56 | 5.78 | % | 1,868 | 0.65 | % | 0.40 | % | 2.78 | % | 40.38 | % | ||||||||||||||||||||||||||||||||||
Year Ended June 30, 2017 | 8.86 | 0.28 | 1.52 | 1.80 | (0.29 | ) | — | (0.29 | ) | 10.37 | 20.40 | % | 3,979 | 0.65 | % | 0.40 | % | 2.84 | % | 52.79 | % | |||||||||||||||||||||||||||||||||||
Year Ended June 30, 2016 | 10.57 | 0.28 | (1.28 | ) | (1.00 | ) | (0.27 | ) | (0.44 | ) | (0.71 | ) | 8.86 | (9.56 | )% | 3,554 | 0.61 | % | 0.36 | % | 2.98 | % | 43.96 | % | ||||||||||||||||||||||||||||||||
Year Ended June 30, 2015 | 12.57 | 0.30 | (0.90 | ) | (0.60 | ) | (0.32 | ) | (1.08 | ) | (1.40 | ) | 10.57 | (4.38 | )% | 4,108 | 0.61 | % | 0.36 | % | 2.81 | % | 52.55 | % |
(a) | Not annualized for periods less than one year. |
(b) | Annualized for periods less than one year. |
(c) | Portfolio turnover is calculated on the basis of the Portfolio, as a whole, without distinguishing between the classes of shares issued. |
(d) | Per share amounts are based on average shares outstanding. |
(e) | For the period January 12, 2016 (commencement of operations) through June 30, 2016. |
(f) | HC Advisors Shares are still offered, but were fully redeemed on June 14, 2019. |
(g) | HC Advisors Shares are still offered, but were fully redeemed on May 1, 2019. |
(h) | HC Advisors Shares are still offered, but were fully redeemed on May 13, 2019. |
See accompanying notes to financial statements.
250
HC CAPITAL TRUST
Financial Highlights (continued)
Selected data for a share outstanding throughout the periods indicated.
Change in Net Assets Resulting From Operations: | Distributions to Shareholders: | Ratios/Supplementary Data: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Asset Value, Beginning of Period | Net Investment Income/(Loss) | Net Realized/ Unrealized Gains/ (Losses) on Investments | Total from Operations | Net Investment Income | Net Realized Gains from Investments | Total Distributions to Shareholders | Net Asset Value, End of Period | Total Return(a) | Net Assets, at End of Period (in thousands) | Ratio of Expenses to Average Net Assets, Prior to Expenses Paid Indirectly and Waivers(b) | Ratio of Expenses to Average Net Assets, Net of Expenses Paid Indirectly and Waivers(b) | Ratio of Net Investment Income/(Loss) to Average Net Assets(b) | Portfolio Turnover Rate(a)(c) | |||||||||||||||||||||||||||||||||||||||||||
The Emerging Markets Portfolio |
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HC Strategic Shares |
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Six Months ended December 31, 2019 (Unaudited) | $ | 18.14 | $ | 0.36 | (d) | $ | 0.91 | $ | 1.27 | $ | (0.61 | ) | $ | — | $ | (0.61 | ) | $ | 18.80 | 7.03 | % | $ | 1,338,034 | 0.49 | % | 0.49 | % | 3.98 | % | 6.91 | % | |||||||||||||||||||||||||
Year Ended June 30, 2019 | 17.78 | 0.39 | (d) | 0.30 | 0.69 | (0.33 | ) | — | (0.33 | ) | 18.14 | 4.11 | % | 1,466,128 | 0.58 | % | 0.58 | % | 2.24 | % | 50.01 | % | ||||||||||||||||||||||||||||||||||
Year Ended June 30, 2018 | 17.92 | 0.40 | (d) | (0.13 | ) | 0.27 | (0.41 | ) | — | (0.41 | ) | 17.78 | 1.34 | % | 1,631,863 | 0.67 | % | 0.67 | % | 2.09 | % | 54.90 | % | |||||||||||||||||||||||||||||||||
Year Ended June 30, 2017 | 15.15 | 0.35 | 2.84 | 3.19 | (0.42 | ) | — | (0.42 | ) | 17.92 | 21.51 | % | 1,775,379 | 0.59 | % | 0.59 | % | 2.04 | % | 60.79 | % | |||||||||||||||||||||||||||||||||||
Year Ended June 30, 2016 | 17.58 | 0.37 | (2.44 | ) | (2.07 | ) | (0.36 | ) | — | (0.36 | ) | 15.15 | (11.66 | )% | 1,833,571 | 0.57 | % | 0.57 | % | 2.82 | % | 40.02 | % | |||||||||||||||||||||||||||||||||
Year Ended June 30, 2015 | 20.01 | 0.40 | (2.11 | ) | (1.71 | ) | (0.41 | ) | (0.31 | ) | (0.72 | ) | 17.58 | (8.48 | )% | 1,893,047 | 0.59 | % | 0.59 | % | 2.32 | % | 85.72 | % | ||||||||||||||||||||||||||||||||
HC Advisors Shares |
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Period Ended May 13, 2019(e) | $ | 17.78 | $ | 0.38 | (d) | $ | (0.58 | ) | $ | (0.20 | ) | $ | (0.33 | ) | $ | — | $ | (0.33 | ) | $ | 17.25 | (0.99 | )% | $ | — | 0.84 | % | 0.59 | % | 2.19 | % | 50.01 | % | |||||||||||||||||||||||
Year Ended June 30, 2018 | 17.92 | 0.38 | (d) | (0.11 | ) | 0.27 | (0.41 | ) | — | (0.41 | ) | 17.78 | 1.34 | % | 1,451 | 0.92 | % | 0.67 | % | 1.97 | % | 54.90 | % | |||||||||||||||||||||||||||||||||
Year Ended June 30, 2017 | 15.15 | 0.35 | 2.84 | 3.19 | (0.42 | ) | — | (0.42 | ) | 17.92 | 21.51 | % | 2,633 | 0.84 | % | 0.59 | % | 2.04 | % | 60.79 | % | |||||||||||||||||||||||||||||||||||
Year Ended June 30, 2016 | 17.57 | 0.39 | (2.45 | ) | (2.06 | ) | (0.36 | ) | — | (0.36 | ) | 15.15 | (11.61 | )% | 2,349 | 0.82 | % | 0.57 | % | 2.69 | % | 40.02 | % | |||||||||||||||||||||||||||||||||
Year Ended June 30, 2015 | 20.00 | 0.42 | (2.13 | ) | (1.71 | ) | (0.41 | ) | (0.31 | ) | (0.72 | ) | 17.57 | (8.49 | )% | 3,017 | 0.84 | % | 0.59 | % | 2.34 | % | 85.72 | % | ||||||||||||||||||||||||||||||||
The Core Fixed Income Portfolio |
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HC Strategic Shares |
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Six Months ended December 31, 2019 (Unaudited) | $ | 9.98 | $ | 0.13 | (d) | $ | 0.12 | $ | 0.25 | $ | (0.14 | ) | $ | — | $ | (0.14 | ) | $ | 10.09 | 2.49 | % | $ | 64,436 | 0.31 | % | 0.31 | % | 2.54 | % | 17.74 | %(f) | |||||||||||||||||||||||||
Year Ended June 30, 2019 | 9.49 | 0.25 | (d) | 0.51 | 0.76 | (0.27 | ) | — | (0.27 | ) | 9.98 | 8.12 | % | 68,267 | 0.35 | % | 0.35 | % | 2.63 | % | 34.05 | %(f) | ||||||||||||||||||||||||||||||||||
Year Ended June 30, 2018 | 9.80 | 0.22 | (0.30 | ) | (0.08 | ) | (0.23 | ) | — | (0.23 | ) | 9.49 | (0.85 | )% | 65,387 | 0.33 | % | 0.33 | % | 2.26 | % | 43.79 | %(f) | |||||||||||||||||||||||||||||||||
Year Ended June 30, 2017 | 10.01 | 0.19 | (0.18 | ) | 0.01 | (0.22 | ) | — | (0.22 | ) | 9.80 | 0.07 | % | 85,653 | 0.33 | % | 0.33 | % | 1.97 | % | 45.74 | %(f) | ||||||||||||||||||||||||||||||||||
Year Ended June 30, 2016 | 9.78 | 0.21 | 0.35 | 0.56 | (0.24 | ) | (0.09 | ) | (0.33 | ) | 10.01 | 5.87 | % | 86,767 | 0.27 | % | 0.27 | % | 2.11 | % | 58.47 | %(f) | ||||||||||||||||||||||||||||||||||
Year Ended June 30, 2015 | 9.89 | 0.19 | (0.07 | ) | 0.12 | (0.22 | ) | (0.01 | ) | (0.23 | ) | 9.78 | 1.16 | % | 96,952 | 0.27 | % | 0.27 | % | 1.90 | % | 89.60 | %(f) | |||||||||||||||||||||||||||||||||
HC Advisors Shares |
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Period Ended May 13, 2019(e) | $ | 9.49 | $ | 0.25 | (d) | $ | 0.23 | $ | 0.48 | $ | (0.22 | ) | $ | — | $ | (0.22 | ) | $ | 9.75 | 5.14 | % | $ | — | 0.60 | % | 0.35 | % | 2.63 | % | 34.05 | %(f) | |||||||||||||||||||||||||
Year Ended June 30, 2018 | 9.79 | 0.23 | (0.30 | ) | (0.07 | ) | (0.23 | ) | — | (0.23 | ) | 9.49 | (0.75 | )% | 1,362 | 0.58 | % | 0.33 | % | 2.25 | % | 43.79 | %(f) | |||||||||||||||||||||||||||||||||
Year Ended June 30, 2017 | 10.01 | 0.20 | (0.20 | ) | — | (0.22 | ) | — | (0.22 | ) | 9.79 | (0.03 | )% | 2,942 | 0.58 | % | 0.33 | % | 1.97 | % | 45.74 | %(f) | ||||||||||||||||||||||||||||||||||
Year Ended June 30, 2016 | 9.77 | 0.21 | 0.36 | 0.57 | (0.24 | ) | (0.09 | ) | (0.33 | ) | 10.01 | 5.98 | % | 2,625 | 0.52 | % | 0.27 | % | 2.11 | % | 58.47 | %(f) | ||||||||||||||||||||||||||||||||||
Year Ended June 30, 2015 | 9.88 | 0.19 | (0.07 | ) | 0.12 | (0.22 | ) | (0.01 | ) | (0.23 | ) | 9.77 | 1.16 | % | 2,796 | 0.52 | % | 0.27 | % | 1.90 | % | 89.60 | %(f) | |||||||||||||||||||||||||||||||||
The Fixed Income Opportunity Portfolio |
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HC Strategic Shares |
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Six Months ended December 31, 2019 (Unaudited) | $ | 7.01 | $ | 0.17 | (d) | $ | (0.04 | ) | $ | 0.13 | $ | (0.21 | ) | $ | — | $ | (0.21 | ) | $ | 6.93 | 1.70 | % | $ | 504,851 | 0.43 | % | 0.43 | % | 4.73 | % | 21.78 | % | ||||||||||||||||||||||||
Year Ended June 30, 2019 | 6.85 | 0.40 | (d) | 0.17 | 0.57 | (0.41 | ) | — | (0.41 | ) | 7.01 | (g) | 8.62 | % | 597,848 | 0.47 | % | 0.47 | % | 5.81 | % | 51.53 | % | |||||||||||||||||||||||||||||||||
Year Ended June 30, 2018 | 6.95 | 0.38 | (0.10 | ) | 0.28 | (0.38 | ) | — | (0.38 | ) | 6.85 | 4.06 | % | 673,271 | 0.44 | % | 0.44 | % | 5.46 | % | 37.57 | % | ||||||||||||||||||||||||||||||||||
Year Ended June 30, 2017 | 6.62 | 0.39 | 0.33 | 0.72 | (0.39 | ) | — | (0.39 | ) | 6.95 | 11.07 | % | 673,681 | 0.43 | % | 0.43 | % | 5.53 | % | 41.48 | % | |||||||||||||||||||||||||||||||||||
Year Ended June 30, 2016 | 7.08 | 0.37 | (0.43 | ) | (0.06 | ) | (0.38 | ) | (0.02 | ) | (0.40 | ) | 6.62 | (0.61 | )% | 784,435 | 0.39 | % | 0.39 | % | 5.57 | % | 66.76 | %(f) | ||||||||||||||||||||||||||||||||
Year Ended June 30, 2015 | 7.65 | 0.38 | (0.39 | ) | (0.01 | ) | (0.39 | ) | (0.17 | ) | (0.56 | ) | 7.08 | 0.06 | % | 810,466 | 0.32 | % | 0.32 | % | 5.27 | % | 55.80 | % | ||||||||||||||||||||||||||||||||
HC Advisors Shares |
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Period Ended May 13, 2019(e) | $ | 6.85 | $ | 0.39 | (d) | $ | 0.05 | $ | 0.44 | $ | (0.30 | ) | $ | — | $ | (0.30 | ) | $ | 6.99 | 6.61 | % | $ | — | 0.72 | % | 0.47 | % | 5.74 | % | 51.53 | % | |||||||||||||||||||||||||
Year Ended June 30, 2018 | 6.95 | 0.42 | (0.14 | ) | 0.28 | (0.38 | ) | — | (0.38 | ) | 6.85 | 4.06 | % | 362 | 0.69 | % | 0.44 | % | 5.43 | % | 37.57 | % | ||||||||||||||||||||||||||||||||||
Year Ended June 30, 2017 | 6.62 | 0.38 | 0.34 | 0.72 | (0.39 | ) | — | (0.39 | ) | 6.95 | 11.08 | % | 789 | 0.68 | % | 0.43 | % | 5.54 | % | 41.48 | % | |||||||||||||||||||||||||||||||||||
Year Ended June 30, 2016 | 7.08 | 0.38 | (0.44 | ) | (0.06 | ) | (0.38 | ) | (0.02 | ) | (0.40 | ) | 6.62 | (0.60 | )% | 1,012 | 0.64 | % | 0.39 | % | 5.58 | % | 66.76 | %(f) | ||||||||||||||||||||||||||||||||
Year Ended June 30, 2015 | 7.65 | 0.38 | (0.39 | ) | (0.01 | ) | (0.39 | ) | (0.17 | ) | (0.56 | ) | 7.08 | 0.07 | % | 1,094 | 0.57 | % | 0.32 | % | 5.27 | % | 55.80 | % |
(a) | Not annualized for periods less than one year. |
(b) | Annualized for periods less than one year. |
(c) | Portfolio turnover is calculated on the basis of the Portfolio, as a whole, without distinguishing between the classes of shares issued. |
(d) | Per share amounts are based on average shares outstanding. |
(e) | HC Advisors Shares are still offered, but were fully redeemed on May 13, 2019. |
(f) | Portfolio turnover does not include TBA security transactions. |
(g) | The net asset value per share (“NAV”) for financial reporting purposes differs from the NAV reported due to adjustments made in accordance with accounting principles generally accepted in the United States of America. |
See accompanying notes to financial statements.
251
HC CAPITAL TRUST
Financial Highlights (continued)
Selected data for a share outstanding throughout the periods indicated.
Change in Net Assets Resulting From Operations: | Distributions to Shareholders: | Ratios/Supplementary Data: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Asset Value, Beginning of Period | Net Investment Income/(Loss) | Net Realized/ Unrealized Gains/ (Losses) on Investments | Total from Operations | Net Investment Income | Net Realized Gains from Investments | Tax Return of Capital | Total Distributions to Shareholders | Net Asset Value, End of Period | Total Return(a) | Net Assets, at End of Period (in thousands) | Ratio of Expenses to Average Net Assets, Prior to Expenses Paid Indirectly and Waivers(b) | Ratio of Expenses to Average Net Assets, Net of Expenses Paid Indirectly and Waivers(b) | Ratio of Net Investment Income/(Loss) to Average Net Assets(b) | Portfolio Turnover Rate(a)(c) | ||||||||||||||||||||||||||||||||||||||||||||||
The U.S. Government Fixed Income Securities Portfolio |
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HC Strategic Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Six Months ended December 31, 2019 (Unaudited) | $ | 10.03 | $ | 0.11 | (d) | $ | 0.04 | $ | 0.15 | $ | (0.11 | ) | $ | — | $ | — | $ | (0.11 | ) | $ | 10.07 | 1.55 | % | $ | 324,670 | 0.19 | % | 0.19 | % | 2.14 | % | 20.60 | % | |||||||||||||||||||||||||||
Year Ended June 30, 2019 | 9.59 | 0.21 | (d) | 0.44 | 0.65 | (0.21 | ) | — | — | (0.21 | ) | 10.03 | 6.87 | % | 305,531 | 0.20 | % | 0.20 | % | 2.22 | % | 31.43 | % | |||||||||||||||||||||||||||||||||||||
Year Ended June 30, 2018 | 9.84 | 0.17 | (0.25 | ) | (0.08 | ) | (0.17 | ) | — | — | (0.17 | ) | 9.59 | (0.79 | )% | 233,377 | 0.19 | % | 0.19 | % | 1.81 | % | 32.58 | % | ||||||||||||||||||||||||||||||||||||
Year Ended June 30, 2017 | 10.30 | 0.15 | (0.36 | ) | (0.21 | ) | (0.15 | ) | (0.10 | ) | — | (0.25 | ) | 9.84 | (2.03 | )% | 215,595 | 0.19 | % | 0.19 | % | 1.47 | % | 46.76 | % | |||||||||||||||||||||||||||||||||||
Year Ended June 30, 2016 | 10.02 | 0.14 | 0.38 | 0.52 | (0.14 | ) | (0.10 | ) | — | (0.24 | ) | 10.30 | 5.26 | % | 241,795 | 0.17 | % | 0.17 | % | 1.38 | % | 50.10 | % | |||||||||||||||||||||||||||||||||||||
Year Ended June 30, 2015 | 9.94 | 0.12 | 0.08 | 0.20 | (0.12 | ) | — | — | (0.12 | ) | 10.02 | 2.03 | % | 262,998 | 0.17 | % | 0.17 | % | 1.21 | % | 99.54 | % | ||||||||||||||||||||||||||||||||||||||
The Inflation Protected Securities Portfolio |
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HC Strategic Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Six Months ended December 31, 2019 (Unaudited) | $ | 10.19 | $ | 0.09 | (d) | $ | 0.12 | $ | 0.21 | $ | (0.16 | ) | $ | — | $ | — | $ | (0.16 | ) | $ | 10.24 | 2.09 | % | $ | 350,420 | 0.17 | % | 0.17 | % | 1.73 | % | 7.88 | % | |||||||||||||||||||||||||||
Year Ended June 30, 2019 | 9.98 | 0.23 | (d) | 0.22 | 0.45 | (0.24 | ) | — | — | (0.24 | ) | 10.19 | 4.59 | % | 357,229 | 0.17 | % | 0.17 | % | 2.29 | % | 19.97 | % | |||||||||||||||||||||||||||||||||||||
Year Ended June 30, 2018 | 10.03 | 0.26 | (0.08 | ) | 0.18 | (0.23 | ) | — | — | (0.23 | ) | 9.98 | 1.83 | % | 401,456 | 0.16 | % | 0.16 | % | 2.66 | % | 20.77 | % | |||||||||||||||||||||||||||||||||||||
Year Ended June 30, 2017 | 10.40 | 0.27 | (0.35 | ) | (0.08 | ) | (0.29 | ) | — | — | (0.29 | ) | 10.03 | (0.81 | )% | 361,996 | 0.15 | % | 0.15 | % | 2.31 | % | 21.69 | % | ||||||||||||||||||||||||||||||||||||
Year Ended June 30, 2016 | 10.02 | 0.11 | 0.29 | 0.40 | (0.02 | ) | — | — | (0.02 | ) | 10.40 | 3.99 | % | 493,152 | 0.15 | % | 0.15 | % | 1.11 | % | 20.88 | % | ||||||||||||||||||||||||||||||||||||||
Year Ended June 30, 2015 | 10.25 | (0.03 | ) | (0.14 | ) | (0.17 | ) | (0.03 | ) | (0.01 | ) | (0.02 | ) | (0.06 | ) | 10.02 | (1.72 | )% | 510,176 | 0.18 | % | 0.18 | % | (0.25 | )% | 27.12 | % | |||||||||||||||||||||||||||||||||
HC Advisors Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended June 14, 2019(e) | $ | 9.98 | $ | 0.21 | (d) | $ | 0.12 | $ | 0.33 | $ | (0.18 | ) | $ | — | $ | — | $ | (0.18 | ) | $ | 10.13 | 3.42 | % | $ | — | 0.42 | % | 0.17 | % | 2.14 | % | 19.97 | % | |||||||||||||||||||||||||||
Year Ended June 30, 2018 | 10.02 | 0.27 | (0.08 | ) | 0.19 | (0.23 | ) | — | — | (0.23 | ) | 9.98 | 1.93 | % | 1 | 0.41 | % | 0.16 | % | 2.70 | % | 20.77 | % | |||||||||||||||||||||||||||||||||||||
Year Ended June 30, 2017 | 10.39 | 0.23 | (0.31 | ) | (0.08 | ) | (0.29 | ) | — | — | (0.29 | ) | 10.02 | (0.81 | )% | 1 | 0.40 | % | 0.15 | % | 2.28 | % | 21.69 | % | ||||||||||||||||||||||||||||||||||||
Year Ended June 30, 2016 | 10.01 | 0.11 | 0.29 | 0.40 | (0.02 | ) | — | — | (0.02 | ) | 10.39 | 4.00 | % | 1 | 0.40 | % | 0.15 | % | 1.09 | % | 20.88 | % | ||||||||||||||||||||||||||||||||||||||
Year Ended June 30, 2015 | 10.26 | (0.04 | ) | (0.15 | ) | (0.19 | ) | (0.05 | ) | (0.01 | ) | — | (0.06 | ) | 10.01 | (1.91 | )% | 1 | 0.43 | % | 0.18 | % | (0.25 | )% | 27.12 | % | ||||||||||||||||||||||||||||||||||
The U.S. Corporate Fixed Income Securities Portfolio |
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HC Strategic Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Six Months ended December 31, 2019 (Unaudited) | $ | 10.29 | $ | 0.17 | (d) | $ | 0.24 | $ | 0.41 | $ | (0.18 | ) | $ | (0.06 | ) | $ | — | $ | (0.24 | ) | $ | 10.46 | 4.02 | % | $ | 325,283 | 0.21 | % | 0.21 | % | 3.17 | % | 20.98 | % | ||||||||||||||||||||||||||
Year Ended June 30, 2019 | 9.59 | 0.34 | (d) | 0.70 | 1.04 | (0.34 | ) | — | — | (0.34 | ) | 10.29 | 11.07 | % | 312,255 | 0.21 | % | 0.21 | % | 3.47 | % | 24.55 | % | |||||||||||||||||||||||||||||||||||||
Year Ended June 30, 2018 | 10.03 | 0.29 | (0.41 | ) | (0.12 | ) | (0.29 | ) | (0.03 | ) | — | (0.32 | ) | 9.59 | (1.21 | )% | 286,956 | 0.20 | % | 0.20 | % | 3.00 | % | 44.69 | % | |||||||||||||||||||||||||||||||||||
Year Ended June 30, 2017 | 10.16 | 0.26 | (0.10 | ) | 0.16 | (0.26 | ) | (0.03 | ) | — | (0.29 | ) | 10.03 | 1.62 | % | 254,908 | 0.19 | % | 0.19 | % | 2.59 | % | 40.47 | % | ||||||||||||||||||||||||||||||||||||
Year Ended June 30, 2016 | 9.88 | 0.27 | 0.48 | 0.75 | (0.27 | ) | (0.20 | ) | — | (0.47 | ) | 10.16 | 7.92 | % | 289,331 | 0.19 | % | 0.19 | % | 2.84 | % | 64.20 | % | |||||||||||||||||||||||||||||||||||||
Year Ended June 30, 2015 | 10.24 | 0.27 | (0.27 | ) | — | (0.27 | ) | (0.09 | ) | — | (0.36 | ) | 9.88 | (0.01 | )% | 223,329 | 0.28 | % | 0.28 | % | 2.60 | % | 158.19 | % | ||||||||||||||||||||||||||||||||||||
The U.S. Mortgage/Asset Backed Fixed Income Securities Portfolio |
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HC Strategic Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Six Months ended December 31, 2019 (Unaudited) | $ | 9.57 | $ | 0.11 | (d) | $ | 0.08 | $ | 0.19 | $ | (0.14 | ) | $ | — | $ | — | $ | (0.14 | ) | $ | 9.62 | 2.02 | % | $ | 226,477 | 0.22 | % | 0.22 | % | 2.27 | % | 15.26 | %(f) | |||||||||||||||||||||||||||
Year Ended June 30, 2019 | 9.32 | 0.24 | (d) | 0.28 | 0.52 | (0.27 | ) | — | — | (0.27 | ) | 9.57 | 5.70 | % | 216,403 | 0.24 | % | 0.24 | % | 2.60 | % | 15.12 | %(f) | |||||||||||||||||||||||||||||||||||||
Year Ended June 30, 2018 | 9.59 | 0.21 | (0.23 | ) | (0.02 | ) | (0.25 | ) | — | — | (0.25 | ) | 9.32 | (0.20 | )% | 205,138 | 0.23 | % | 0.23 | % | 2.24 | % | 17.13 | %(f) | ||||||||||||||||||||||||||||||||||||
Year Ended June 30, 2017 | 9.88 | 0.18 | (0.22 | ) | (0.04 | ) | (0.25 | ) | — | — | (0.25 | ) | 9.59 | (0.38 | )% | 183,834 | 0.22 | % | 0.22 | % | 1.86 | % | 17.58 | %(f) | ||||||||||||||||||||||||||||||||||||
Year Ended June 30, 2016 | 9.81 | 0.21 | 0.14 | 0.35 | (0.28 | ) | — | — | (0.28 | ) | 9.88 | 3.67 | % | 208,969 | 0.19 | % | 0.19 | % | 2.12 | % | 15.24 | %(f) | ||||||||||||||||||||||||||||||||||||||
Year Ended June 30, 2015 | 9.87 | 0.19 | — | 0.19 | (0.25 | ) | — | — | (0.25 | ) | 9.81 | 1.97 | % | 252,028 | 0.17 | % | 0.17 | % | 1.91 | % | 29.92 | %(f) |
(a) | Not annualized for periods less than one year. |
(b) | Annualized for periods less than one year. |
(c) | Portfolio turnover is calculated on the basis of the Portfolio, as a whole, without distinguishing between the classes of shares issued. |
(d) | Per share amounts are based on average shares outstanding. |
(e) | HC Advisors Shares are still offered, but were fully redeemed on June 14, 2019. |
(f) | Portfolio turnover does not include TBA security transactions. |
See accompanying notes to financial statements.
252
HC CAPITAL TRUST
Financial Highlights (concluded)
Selected data for a share outstanding throughout the periods indicated.
Change in Net Assets Resulting From Operations: | Distributions to Shareholders: | Ratios/Supplementary Data: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Asset Value, Beginning of Period | Net Investment Income/ (Loss) | Net Realized/ Unrealized Gains/ (Losses) on Investments | Total from Operations | Net Investment Income | Net Realized Gains from Investments | Total Distributions to Shareholders | Net Asset Value, End of Period | Total Return(a) | Net Assets, at End of Period (in thousands) | Ratio of Expenses to Average Net Assets, Prior to Expenses Paid Indirectly and Waivers(b) | Ratio of Expenses to Average Net Assets, Net of Expenses Paid Indirectly and Waivers(b) | Ratio of Net Investment Income/(Loss) to Average Net Assets(b) | Portfolio Turnover Rate(a)(c) | |||||||||||||||||||||||||||||||||||||||||||
The Short-Term Municipal Bond Portfolio |
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HC Strategic Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Six Months ended December 31, 2019 (Unaudited) | $ | 9.93 | $ | 0.08 | (d) | $ | 0.02 | $ | 0.10 | $ | (0.08 | ) | $ | — | $ | (0.08 | ) | $ | 9.95 | 1.01 | % | $ | 110,859 | 0.27 | % | 0.27 | % | 1.53 | % | 10.33 | % | |||||||||||||||||||||||||
Year Ended June 30, 2019 | 9.80 | 0.15 | (d) | 0.13 | 0.28 | (0.15 | ) | — | (0.15 | ) | 9.93 | 2.88 | % | 106,274 | 0.28 | % | 0.28 | % | 1.56 | % | 14.82 | % | ||||||||||||||||||||||||||||||||||
Year Ended June 30, 2018 | 9.87 | 0.11 | (0.08 | ) | 0.03 | (0.10 | ) | — | (0.10 | ) | 9.80 | 0.34 | % | 79,612 | 0.33 | % | 0.33 | % | 1.23 | % | 18.84 | % | ||||||||||||||||||||||||||||||||||
Year Ended June 30, 2017 | 9.96 | 0.10 | (0.09 | ) | 0.01 | (0.10 | ) | — | (0.10 | ) | 9.87 | 0.12 | % | 17,788 | 0.35 | % | 0.35 | % | 1.05 | % | 25.02 | % | ||||||||||||||||||||||||||||||||||
Year Ended June 30, 2016 | 9.94 | 0.12 | 0.02 | 0.14 | (0.12 | ) | — | (e) | (0.12 | ) | 9.96 | 1.37 | % | 18,665 | 0.31 | % | 0.31 | % | 1.13 | % | 38.47 | % | ||||||||||||||||||||||||||||||||||
Year Ended June 30, 2015 | 10.04 | 0.12 | (0.10 | ) | 0.02 | (0.12 | ) | — | (0.12 | ) | 9.94 | 0.19 | % | 20,933 | 0.31 | % | 0.31 | % | 1.18 | % | 26.24 | % | ||||||||||||||||||||||||||||||||||
The Intermediate Term Municipal Bond Portfolio |
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HC Strategic Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Six Months ended December 31, 2019 (Unaudited) | $ | 10.21 | $ | 0.08 | (d) | $ | 0.09 | $ | 0.17 | $ | (0.11 | ) | $ | (0.02 | ) | $ | (0.13 | ) | $ | 10.25 | 1.66 | % | $ | 384,953 | 0.32 | % | 0.32 | % | 1.62 | % | 29.37 | % | ||||||||||||||||||||||||
Year Ended June 30, 2019 | 9.90 | 0.22 | (d) | 0.31 | 0.53 | (0.22 | ) | — | (0.22 | ) | 10.21 | 5.45 | % | 393,097 | 0.32 | % | 0.32 | % | 2.21 | % | 27.03 | % | ||||||||||||||||||||||||||||||||||
Year Ended June 30, 2018 | 10.08 | 0.19 | (0.18 | ) | 0.01 | (0.19 | ) | — | (0.19 | ) | 9.90 | 0.13 | % | 383,200 | 0.29 | % | 0.29 | % | 1.94 | % | 26.27 | % | ||||||||||||||||||||||||||||||||||
Year Ended June 30, 2017 | 10.25 | 0.20 | (0.17 | ) | 0.03 | (0.20 | ) | — | (0.20 | ) | 10.08 | 0.28 | % | 385,133 | 0.28 | % | 0.28 | % | 1.94 | % | 19.75 | % | ||||||||||||||||||||||||||||||||||
Year Ended June 30, 2016 | 10.06 | 0.21 | 0.19 | 0.40 | (0.21 | ) | — | (0.21 | ) | 10.25 | 4.05 | % | 406,302 | 0.26 | % | 0.26 | % | 2.08 | % | 30.35 | % | |||||||||||||||||||||||||||||||||||
Year Ended June 30, 2015 | 10.11 | 0.21 | (0.05 | ) | 0.16 | (0.21 | ) | — | (0.21 | ) | 10.06 | 1.54 | % | 420,423 | 0.24 | % | 0.24 | % | 2.03 | % | 25.67 | % | ||||||||||||||||||||||||||||||||||
HC Advisors Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended May 1, 2019(f) | $ | 9.90 | $ | 0.22 | (d) | $ | 0.32 | $ | 0.54 | $ | (0.19 | ) | $ | — | $ | (0.19 | ) | $ | 10.25 | 5.48 | % | $ | — | 0.57 | % | 0.31 | % | 2.20 | % | 27.03 | % | |||||||||||||||||||||||||
Year Ended June 30, 2018 | 10.08 | 0.20 | (0.19 | ) | 0.01 | (0.19 | ) | — | (0.19 | ) | 9.90 | 0.14 | % | 1,008 | 0.54 | % | 0.29 | % | 1.94 | % | 26.27 | % | ||||||||||||||||||||||||||||||||||
Year Ended June 30, 2017 | 10.25 | 0.20 | (0.17 | ) | 0.03 | (0.20 | ) | — | (0.20 | ) | 10.08 | 0.28 | % | 1,437 | 0.53 | % | 0.28 | % | 1.94 | % | 19.75 | % | ||||||||||||||||||||||||||||||||||
Year Ended June 30, 2016 | 10.06 | 0.21 | 0.19 | 0.40 | (0.21 | ) | — | (0.21 | ) | 10.25 | 4.05 | % | 1,400 | 0.51 | % | 0.26 | % | 2.08 | % | 30.35 | % | |||||||||||||||||||||||||||||||||||
Year Ended June 30, 2015 | 10.11 | 0.21 | (0.05 | ) | 0.16 | (0.21 | ) | — | (0.21 | ) | 10.06 | 1.54 | % | 1,985 | 0.49 | % | 0.24 | % | 2.03 | % | 25.67 | % | ||||||||||||||||||||||||||||||||||
The Intermediate Term Municipal Bond II Portfolio |
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HC Strategic Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Six Months ended December 31, 2019 (Unaudited) | $ | 10.38 | $ | 0.08 | (d) | $ | 0.06 | $ | 0.14 | $ | (0.11 | ) | $ | (0.01 | ) | $ | (0.12 | ) | $ | 10.40 | 1.40 | % | $ | 76,726 | 0.29 | % | 0.29 | % | 1.48 | % | 4.24 | % | ||||||||||||||||||||||||
Year Ended June 30, 2019 | 10.09 | 0.22 | (d) | 0.30 | 0.52 | (0.22 | ) | (0.01 | ) | (0.23 | ) | 10.38 | 5.26 | % | 78,705 | 0.31 | % | 0.31 | % | 2.16 | % | 17.08 | % | |||||||||||||||||||||||||||||||||
Year Ended June 30, 2018 | 10.30 | 0.22 | (0.21 | ) | 0.01 | (0.22 | ) | — | (e) | (0.22 | ) | 10.09 | 0.07 | % | 77,455 | 0.27 | % | 0.27 | % | 2.14 | % | 21.56 | % | |||||||||||||||||||||||||||||||||
Year Ended June 30, 2017 | 10.58 | 0.22 | (0.27 | ) | (0.05 | ) | (0.22 | ) | (0.01 | ) | (0.23 | ) | 10.30 | (0.41 | )% | 74,163 | 0.27 | % | 0.27 | % | 2.13 | % | 15.48 | % | ||||||||||||||||||||||||||||||||
Year Ended June 30, 2016 | 10.31 | 0.21 | 0.27 | 0.48 | (0.21 | ) | — | (e) | (0.21 | ) | 10.58 | 4.77 | % | 75,147 | 0.25 | % | 0.25 | % | 2.03 | % | 11.22 | % | ||||||||||||||||||||||||||||||||||
Year Ended June 30, 2015 | 10.41 | 0.19 | (0.06 | ) | 0.13 | (0.19 | ) | (0.04 | ) | (0.23 | ) | 10.31 | 1.31 | % | 77,102 | 0.25 | % | 0.25 | % | 1.85 | % | 21.51 | % | |||||||||||||||||||||||||||||||||
HC Advisors Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended May 1, 2019(f) | $ | 10.09 | $ | 0.22 | (d) | $ | 0.05 | $ | 0.27 | $ | (0.18 | ) | $ | (0.01 | ) | $ | (0.19 | ) | $ | 10.17 | 2.78 | % | $ | — | 0.56 | % | 0.30 | % | 2.18 | % | 17.08 | % | ||||||||||||||||||||||||
Year Ended June 30, 2018 | 10.30 | 0.22 | (0.21 | ) | 0.01 | (0.22 | ) | — | (e) | (0.22 | ) | 10.09 | 0.07 | % | 260 | 0.52 | % | 0.27 | % | 2.13 | % | 21.56 | % | |||||||||||||||||||||||||||||||||
Year Ended June 30, 2017 | 10.59 | 0.22 | (0.28 | ) | (0.06 | ) | (0.22 | ) | (0.01 | ) | (0.23 | ) | 10.30 | (0.50 | )% | 372 | 0.52 | % | 0.27 | % | 2.13 | % | 15.48 | % | ||||||||||||||||||||||||||||||||
Year Ended June 30, 2016 | 10.31 | 0.21 | 0.28 | 0.49 | (0.21 | ) | — | (e) | (0.21 | ) | 10.59 | 4.87 | % | 408 | 0.50 | % | 0.25 | % | 2.02 | % | 11.22 | % | ||||||||||||||||||||||||||||||||||
Year Ended June 30, 2015 | 10.41 | 0.19 | (0.06 | ) | 0.13 | (0.19 | ) | (0.04 | ) | (0.23 | ) | 10.31 | 1.31 | % | 575 | 0.50 | % | 0.25 | % | 1.85 | % | 21.51 | % |
(a) | Not annualized for periods less than one year. |
(b) | Annualized for periods less than one year. |
(c) | Portfolio turnover is calculated on the basis of the Portfolio, as a whole, without distinguishing between the classes of shares issued. |
(d) | Per share amounts are based on average shares outstanding. |
(e) | Amounts round to less than $0.005 per share. |
(f) | HC Advisors Shares are still offered, but were fully redeemed on May 1, 2019. |
See accompanying notes to financial statements.
253
HC CAPITAL TRUST
Notes to Financial Statements — December 31, 2019 (Unaudited)
1. DESCRIPTION. HC Capital Trust (the “Trust”) is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as anopen-end management series investment company. The Trust is a Delaware statutory trust which was organized on December 15, 1994. As of December 31, 2019, the Trust offeredtwenty-two separate investment portfolios: The Value Equity Portfolio (“Value Portfolio”), The Institutional Value Equity Portfolio (“Institutional Value Portfolio”), The Growth Equity Portfolio (“Growth Portfolio”), The Institutional Growth Equity Portfolio (“Institutional Growth Portfolio”), The SmallCapitalization-Mid Capitalization Equity Portfolio (“SmallCap-Mid Cap Portfolio”), The Institutional SmallCapitalization-Mid Capitalization Equity Portfolio (“Institutional SmallCap-Mid Cap Portfolio”), The Real Estate Securities Portfolio (“Real Estate Portfolio”), The Commodity Returns Strategy Portfolio (“Commodity Portfolio”), The ESG Growth Portfolio (“ESG Growth Portfolio”), The Catholic SRI Growth Portfolio (“Catholic SRI Growth Portfolio”), The International Equity Portfolio (“International Portfolio”), The Institutional International Equity Portfolio (“Institutional International Portfolio”), The Emerging Markets Portfolio (“Emerging Markets Portfolio”), The Core Fixed Income Portfolio (“Core Fixed Income Portfolio”), The Fixed Income Opportunity Portfolio (“Fixed Opportunity Portfolio”), The U.S. Government Fixed Income Securities Portfolio (“U.S. Government Fixed Income Portfolio”), The Inflation Protected Securities Portfolio (“Inflation Protected Portfolio”), The U.S. Corporate Fixed Income Securities Portfolio (“U.S. Corporate Fixed Income Portfolio”), The U.S. Mortgage/Asset Backed Fixed Income Securities Portfolio (“U.S. Mortgage/Asset Backed Fixed Income Portfolio”), The Short-Term Municipal Bond Portfolio (“Short-Term Municipal Portfolio”), The Intermediate Term Municipal Bond Portfolio (“Intermediate Municipal Portfolio”), and The Intermediate Term Municipal Bond II Portfolio (“Intermediate Municipal II Portfolio) (each a “Portfolio” and collectively the “Portfolios”).
Each Portfolio is authorized to issue an unlimited number of shares of beneficial interest with a par value of $0.001 each in two classes of shares: HC Advisors Shares and HC Strategic Shares. As of December 31, 2019, the HC Advisors Shares were not active for any of the Portfolios. Each class of shares for each of the Portfolios has identical rights and privileges except with respect to voting rights on matters affecting a single class of shares. The Trust’s investment adviser is HC Capital Solutions (the “Adviser”), an operating division of Hirtle Callaghan & Co., LLC.
As of December 31, 2019, all the Portfolios in the Trust are diversified Portfolios under the 1940 Act.
As is customary, the Trust’s organizational documents permit the Trust to indemnify its officers and trustees against certain liabilities under certain circumstances. In addition, in the normal course of business, the Trust enters into contracts with its vendors and others that also permit the indemnification of parties to the contract under certain circumstances. The Trust’s maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Trust.
2. SIGNIFICANT ACCOUNTING POLICIES. The following is a summary of the significant accounting policies followed by the Portfolios in the preparation of their financial statements. The Portfolios are investment companies and follow accounting and reporting guidance under Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 946, “Financial Services — Investment Companies.” The policies are in conformity with accounting principles generally accepted in the United States of America (“GAAP”). The presentation of the Portfolios’ financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of income and expenses for the period. Actual results could differ from those estimates.
A. Portfolio Valuation. The net asset value (“NAV”) per share of each Portfolio is determined at the close of regular trading on the New York Stock Exchange (“NYSE”), normally at 4:00 p.m. Eastern time, on days the NYSE is open. Each class’s NAV per share is calculated by adding the market value or fair value, as applicable, of all securities and other assets of the Portfolio, subtracting its liabilities and dividing the result by the number of its outstanding shares.
B. Securities Valuation. Security values are ordinarily obtained through the use of independent pricing services in accordance with procedures adopted by the Trust’s Board of Trustees (the “Board”). Pursuant to such procedures, the Portfolios may use a pricing service, bank, or broker-dealer experienced in such matters to value the Portfolio’s securities. When reliable market quotations are not readily available for any security, the fair value of that security will be determined by a committee established by the Board in accordance with procedures adopted by the Board. The fair valuation process is designed to value the security at the price the Portfolio would reasonably expect to receive upon its current sale. Additional consideration is given to securities that have experienced a decrease in the volume or level of activity or to circumstances that indicate that a transaction is not orderly.
254
HC CAPITAL TRUST
Notes to Financial Statements (continued) — December 31, 2019 (Unaudited)
For disclosure purposes, the Trust has a three-tier fair value hierarchy that is dependent upon the observability of various “inputs” used to determine the value of the Portfolios’ investments. These inputs are summarized in the three broad levels listed below:
• | Level 1 — quoted prices in active markets for identical assets |
• | Level 2 — other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) |
• | Level 3 — significant unobservable inputs (including a Portfolio’s own assumptions in determining the fair value of investments) |
Changes in valuation techniques may result in transfer in and out of an assigned level within the fair value hierarchy. The inputs or methodology used for valuing securities are not necessarily an indication of the risks associated with investing in those securities.
Equity Securities (Common and Preferred Stock and Exchange-Traded Funds): Readily marketable portfolio securities listed on a securities exchange, including Nasdaq, are valued at the closing price on the exchange or at the Nasdaq Official Closing Price. If there have been no sales on such exchange, the securities are valued at the closing bid price. In each of these situations, valuations are typically categorized as Level 1 in the fair value hierarchy. Readily marketable securities traded only in theover-the-counter market are valued at the closing price and are typically categorized as Level 1 in the fair value hierarchy, or, if there have been no sales, are valued at the mean of the last reported bid and asked prices and are typically categorized as Level 2 in the fair value hierarchy.
Securities listed on a foreign exchange are valued at the closing price on that exchange provided that where the prices of such securities are denominated in foreign currencies, such prices are converted into U.S. dollars at the bid price of such currencies against U.S. dollars at the time of the NAV calculation. If there have been no sales on such exchange, the security is valued at the closing bid price. In each of these situations, valuations are typically categorized as Level 1 in the fair value hierarchy. Fair value pricing may be used if events materially affecting the value of foreign securities occur between the time when the exchange on which they are traded closes and the time when the NAV is calculated. Such securities may be valued at fair value in accordance with procedures adopted by the Board. Management identifies possible fluctuations in international securities by monitoring the increase or decrease in the value of a designated benchmark index. In the event of an increase or decrease greater than predetermined levels, a Portfolio may use a systematic valuation model provided by an independent third party to fair value its international securities. Such systematic valuations are typically categorized as Level 2 in the fair value hierarchy.
Mutual Funds: Mutual funds are valued at their respective daily net asset value and are typically categorized as Level 1 in the fair value hierarchy.
Fixed Income Securities (Corporate, Municipal and Foreign Bonds, U.S. Government and Agency Securities and Inflation Indexed Bonds): Fixed income securities are valued using various inputs including benchmark yields, reported trades, broker/dealer quotes, issuer spreads,two-sided markets, benchmark securities, bids, offers, reference data, and industry and market events, and are typically categorized as Level 2 in the fair value hierarchy.
Asset-Backed and Mortgage-Backed Securities: In addition to the inputs discussed above for fixed-income securities, asset-backed and mortgage-backed securities are valued using new issue data, monthly payment information and collateral performance, and are typically categorized as Level 2 in the fair value hierarchy.
Short-Term Obligations: Short-term obligations with maturities of 60 days or less may also be valued at amortized cost, which constitutes fair value as determined by the Board. Such securities are typically categorized as Level 2 in the fair value hierarchy.
Derivative Instruments (Futures, Options, Swaptions, Swaps and Forward Currency Contracts): Swaps and swaptions are valued using interdealer broker rates, benchmark yields, and swap details and are typically categorized as Level 2 in the fair value hierarchy. Exchange traded futures, swaps and options are valued using quoted prices from the exchange and are typically categorized as Level 1 in the fair value hierarchy. Forward currency contracts are valued using market quotes posted by major currency dealers and are typically categorized as Level 2 in the fair value hierarchy.
255
HC CAPITAL TRUST
Notes to Financial Statements (continued) — December 31, 2019 (Unaudited)
The following is a summary of the inputs used to value the following Portfolios’ securities as of December 31, 2019 (amounts in thousands). The breakdown of investment categorization is disclosed in the Schedule of Portfolio Investments for each Portfolio.
Portfolio | LEVEL 1 – Quoted Prices | LEVEL 2 – Other Significant Observable Inputs | LEVEL 3 – Significant Unobservable Inputs | Total | ||||||||||||
Value Portfolio | ||||||||||||||||
Common Stocks | $ | 593,003 | $ | — | $ | — | $ | 593,003 | ||||||||
Investment Companies | 10,883 | — | — | 10,883 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investment Securities | $ | 603,886 | $ | — | $ | — | $ | 603,886 | ||||||||
Other Financial Instruments1 |
| |||||||||||||||
Futures | $ | 100 | $ | — | $ | — | $ | 100 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | $ | 603,986 | $ | — | $ | — | $ | 603,986 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Institutional Value Portfolio | ||||||||||||||||
Common Stocks | $ | 1,398,832 | $ | — | $ | — | $ | 1,398,832 | ||||||||
U.S. Treasury Obligation | — | 193 | — | 193 | ||||||||||||
Exchange-Traded Fund | 856 | — | — | 856 | ||||||||||||
Investment Company | 15,983 | — | — | 15,983 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investment Securities | $ | 1,415,671 | $ | 193 | $ | — | $ | 1,415,864 | ||||||||
Other Financial Instruments1 |
| |||||||||||||||
Futures | $ | 301 | $ | — | $ | — | $ | 301 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | $ | 1,415,972 | $ | 193 | $ | — | $ | 1,416,165 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Growth Portfolio | ||||||||||||||||
Common Stocks | $ | 776,648 | $ | — | $ | — | $ | 776,648 | ||||||||
Investment Companies | 24,700 | — | — | 24,700 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investment Securities | $ | 801,348 | $ | — | $ | — | $ | 801,348 | ||||||||
Other Financial Instruments1 |
| |||||||||||||||
Futures | $ | 304 | $ | — | $ | — | $ | 304 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | $ | 801,652 | $ | — | $ | — | $ | 801,652 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Institutional Growth Portfolio | ||||||||||||||||
Common Stocks | $ | 1,429,619 | $ | — | $ | — | $ | 1,429,619 | ||||||||
U.S. Treasury Obligation | — | 110 | — | 110 | ||||||||||||
Exchange-Traded Fund | 602 | — | — | 602 | ||||||||||||
Investment Companies | $ | 34,319 | $ | — | $ | — | $ | 34,319 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investment Securities | $ | 1,464,540 | $ | 110 | $ | — | $ | 1,464,650 | ||||||||
Other Financial Instruments1 |
| |||||||||||||||
Futures | $ | 1,182 | $ | — | $ | — | $ | 1,182 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | $ | 1,465,722 | $ | 110 | $ | — | $ | 1,465,832 | ||||||||
|
|
|
|
|
|
|
| |||||||||
SmallCap-Mid Cap Portfolio | ||||||||||||||||
Common Stocks | $ | 90,425 | $ | — | $ | — | $ | 90,425 | ||||||||
Contingent Rights | — | — | — | — | ||||||||||||
Investment Companies | 7,466 | — | — | 7,466 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investment Securities | $ | 97,891 | $ | — | $ | — | $ | 97,891 | ||||||||
Other Financial Instruments1 |
| |||||||||||||||
Futures | $ | 65 | $ | — | $ | — | $ | 65 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | $ | 97,956 | $ | — | $ | — | $ | 97,956 | ||||||||
|
|
|
|
|
|
|
|
256
HC CAPITAL TRUST
Notes to Financial Statements (continued) — December 31, 2019 (Unaudited)
Portfolio | LEVEL 1 – Quoted Prices | LEVEL 2 – Other Significant Observable Inputs | LEVEL 3 – Significant Unobservable Inputs | Total | ||||||||||||
Institutional SmallCap-Mid Cap Portfolio | ||||||||||||||||
Common Stocks | $ | 94,168 | $ | — | $ | — | $ | 94,168 | ||||||||
Contingent Rights | — | — | — | — | ||||||||||||
U.S. Treasury Obligation | — | 23 | — | 23 | ||||||||||||
Investment Companies | 47,280 | — | — | 47,280 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investment Securities | $ | 141,448 | $ | 23 | $ | — | $ | 141,471 | ||||||||
Other Financial Instruments1 |
| |||||||||||||||
Futures | $ | 612 | $ | — | $ | — | $ | 612 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | $ | 142,060 | $ | 23 | $ | — | $ | 142,083 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Real Estate Portfolio | ||||||||||||||||
Common Stocks | $ | 75,429 | $ | — | $ | — | $ | 75,429 | ||||||||
Investment Companies | 15,550 | — | — | 15,550 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investment Securities | $ | 90,979 | $ | — | $ | — | $ | 90,979 | ||||||||
Other Financial Instruments1 |
| |||||||||||||||
Futures | $ | 541 | $ | — | $ | — | $ | 541 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | $ | 91,520 | $ | — | $ | — | $ | 91,520 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Commodity Portfolio | ||||||||||||||||
Common Stocks | $ | 109,792 | $ | 1,438 | $ | — | $ | 111,230 | ||||||||
Preferred Stocks | 1,674 | — | — | 1,674 | ||||||||||||
U.S. Treasury Obligation | — | 600 | — | 600 | ||||||||||||
Investment Company | 5,973 | — | — | 5,973 | ||||||||||||
Repurchase Agreements | — | 4,800 | — | 4,800 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investment Securities | $ | 117,439 | $ | 6,838 | $ | — | $ | 124,277 | ||||||||
Other Financial Instruments1 |
| |||||||||||||||
Futures | $ | 312 | $ | — | $ | — | $ | 312 | ||||||||
Option | — | — | — | — | ||||||||||||
Total Return Swap Agreements | — | 3 | — | 3 | ||||||||||||
Commodity Forward Swap Agreements | — | 3 | — | 3 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | $ | 117,751 | $ | 6,844 | $ | — | $ | 124,595 | ||||||||
|
|
|
|
|
|
|
| |||||||||
ESG Growth Portfolio | ||||||||||||||||
Common Stocks | $ | 149,609 | $ | 10 | $ | — | $ | 149,619 | ||||||||
Preferred Stocks | 94 | — | — | 94 | ||||||||||||
Rights | 3 | — | — | 3 | ||||||||||||
Investment Company | 10,148 | — | — | 10,148 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investment Securities | $ | 159,854 | $ | 10 | $ | — | $ | 159,864 | ||||||||
Other Financial Instruments1 |
| |||||||||||||||
Futures | $ | 76 | $ | — | $ | — | $ | 76 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | $ | 159,930 | $ | 10 | $ | — | $ | 159,940 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Catholic SRI Growth Portfolio | ||||||||||||||||
Common Stocks | $ | 56,388 | $ | 4 | $ | — | $ | 56,392 | ||||||||
Preferred Stocks | 105 | — | — | 105 | ||||||||||||
Right | 1 | — | — | 1 | ||||||||||||
Investment Companies | 99 | — | — | 99 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investment Securities | $ | 56,593 | $ | 4 | $ | — | $ | 56,597 | ||||||||
|
|
|
|
|
|
|
|
257
HC CAPITAL TRUST
Notes to Financial Statements (continued) — December 31, 2019 (Unaudited)
Portfolio | LEVEL 1 – Quoted Prices | LEVEL 2 – Other Significant Observable Inputs | LEVEL 3 – Significant Unobservable Inputs | Total | ||||||||||||
International Portfolio | ||||||||||||||||
Common Stocks | $ | 871,600 | $ | — | $ | — | $ | 871,600 | ||||||||
Preferred Stocks | 9,803 | — | — | 9,803 | ||||||||||||
Rights | 41 | 51 | — | 92 | ||||||||||||
Investment Companies | 4,462 | — | — | 4,462 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investment Securities | $ | 885,906 | $ | 51 | $ | — | $ | 885,957 | ||||||||
Other Financial Instruments1 |
| |||||||||||||||
Futures | $ | 11 | $ | — | $ | — | $ | 11 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | $ | 885,917 | $ | 51 | $ | — | $ | 885,968 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Institutional International Portfolio | ||||||||||||||||
Common Stocks | $ | 1,442,645 | $ | — | $ | — | $ | 1,442,645 | ||||||||
Preferred Stocks | 24,650 | — | — | 24,650 | ||||||||||||
Right | — | 44 | — | 44 | ||||||||||||
Investment Companies | 291,729 | — | — | 291,729 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investment Securities | $ | 1,759,024 | $ | 44 | $ | — | $ | 1,759,068 | ||||||||
Other Financial Instruments1 |
| |||||||||||||||
Futures | $ | 1,122 | $ | — | $ | — | $ | 1,122 | ||||||||
Forward Currency Contracts | — | 1 | — | 1 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | $ | 1,760,146 | $ | 45 | $ | — | $ | 1,760,191 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Emerging Markets Portfolio | ||||||||||||||||
Common Stocks | $ | 1,222,810 | $ | 22,226 | $ | — | $ | 1,245,036 | ||||||||
Preferred Stocks | 15,803 | — | — | 15,803 | ||||||||||||
Right | — | 10 | — | 10 | ||||||||||||
Warrant | — | 10 | — | 10 | ||||||||||||
U.S. Treasury Obligation | — | 1,212 | — | 1,212 | ||||||||||||
Investment Companies | 85,204 | — | — | 85,204 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investment Securities | $ | 1,323,817 | $ | 23,458 | $ | — | $ | 1,347,275 | ||||||||
Other Financial Instruments1 |
| |||||||||||||||
Futures | $ | 2,415 | $ | — | $ | — | $ | 2,415 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | $ | 1,326,232 | $ | 23,458 | $ | — | $ | 1,349,690 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Core Fixed Income Portfolio | ||||||||||||||||
Asset Backed Securities | $ | — | $ | 265 | $ | — | $ | 265 | ||||||||
Collateralized Mortgage Obligations | — | 983 | — | 983 | ||||||||||||
U.S. Government Agency Mortgages | — | 13,562 | — | 13,562 | ||||||||||||
U.S. Government Agency Securities | — | 606 | — | 606 | ||||||||||||
Corporate Bonds | — | 22,339 | — | 22,339 | ||||||||||||
U.S. Treasury Obligations | — | 19,666 | — | 19,666 | ||||||||||||
Yankee Dollars | — | 4,331 | — | 4,331 | ||||||||||||
Investment Companies | 4,573 | — | — | 4,573 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investment Securities | $ | 4,573 | $ | 61,752 | $ | — | $ | 66,325 | ||||||||
|
|
|
|
|
|
|
|
258
HC CAPITAL TRUST
Notes to Financial Statements (continued) — December 31, 2019 (Unaudited)
Portfolio | LEVEL 1 – Quoted Prices | LEVEL 2 – Other Significant Observable Inputs | LEVEL 3 – Significant Unobservable Inputs | Total | ||||||||||||
Fixed Opportunity Portfolio | ||||||||||||||||
Collateralized Mortgage Obligations | $ | — | $ | 7,870 | $ | — | $ | 7,870 | ||||||||
U.S. Government Agency Mortgages | — | 7 | — | 7 | ||||||||||||
Investment Companies | 489,666 | — | — | 489,666 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investment Securities | $ | 489,666 | $ | 7,877 | $ | — | $ | 497,543 | ||||||||
Other Financial Instruments1 |
| |||||||||||||||
Futures | $ | 2,729 | $ | — | $ | — | $ | 2,729 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | $ | 492,395 | $ | 7,877 | $ | — | $ | 500,272 | ||||||||
|
|
|
|
|
|
|
| |||||||||
U.S. Government Fixed Income Portfolio | ||||||||||||||||
U.S. Government Agency Securities | $ | — | $ | 8,946 | $ | — | $ | 8,946 | ||||||||
U.S. Treasury Obligations | — | 309,882 | — | 309,882 | ||||||||||||
Yankee Dollar | — | 130 | — | 130 | ||||||||||||
Investment Company | 5,568 | — | — | 5,568 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investment Securities | $ | 5,568 | $ | 318,958 | $ | — | $ | 324,526 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Inflation Protected Portfolio | ||||||||||||||||
U.S. Treasury Obligations | $ | — | $ | 338,483 | $ | — | $ | 338,483 | ||||||||
Investment Company | 12,771 | — | — | 12,771 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investment Securities | $ | 12,771 | $ | 338,483 | $ | — | $ | 351,254 | ||||||||
|
|
|
|
|
|
|
| |||||||||
U.S. Corporate Fixed Income Portfolio | ||||||||||||||||
Corporate Bonds | $ | — | $ | 247,859 | $ | — | $ | 247,859 | ||||||||
Yankee Dollars | — | 52,234 | — | 52,234 | ||||||||||||
Investment Companies | 27,374 | — | — | 27,374 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investment Securities | $ | 27,374 | $ | 300,093 | $ | — | $ | 327,467 | ||||||||
|
|
|
|
|
|
|
| |||||||||
U.S. Mortgage/Asset Backed Fixed Income Portfolio | ||||||||||||||||
Asset Backed Securities | $ | — | $ | 2,999 | $ | — | $ | 2,999 | ||||||||
Collateralized Mortgage Obligations | — | 14,169 | — | 14,169 | ||||||||||||
U.S. Government Agency Mortgages | — | 192,397 | — | 192,397 | ||||||||||||
Investment Company | 50,667 | — | — | 50,667 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investment Securities | $ | 50,667 | $ | 209,565 | $ | — | $ | 260,232 | ||||||||
Other Financial Instruments2 |
| |||||||||||||||
TBA Sale Commitments | $ | — | $ | (108 | ) | $ | — | $ | (108 | ) | ||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | $ | 50,667 | $ | 209,457 | $ | — | $ | 260,124 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Short-Term Municipal Portfolio | ||||||||||||||||
Municipal Bonds | $ | — | $ | 107,487 | $ | — | $ | 107,487 | ||||||||
Investment Company | 1,823 | — | — | 1,823 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investment Securities | $ | 1,823 | $ | 107,487 | $ | — | $ | 109,310 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Intermediate Municipal Portfolio | ||||||||||||||||
Municipal Bonds | $ | — | $ | 381,742 | $ | — | $ | 381,742 | ||||||||
Corporate Bond | — | — | — | — | ||||||||||||
Investment Company | 3,659 | — | — | 3,659 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investment Securities | $ | 3,659 | $ | 381,742 | $ | — | $ | 385,401 | ||||||||
|
|
|
|
|
|
|
|
259
HC CAPITAL TRUST
Notes to Financial Statements (continued) — December 31, 2019 (Unaudited)
Portfolio | LEVEL 1 – Quoted Prices | LEVEL 2 – Other Significant Observable Inputs | LEVEL 3 – Significant Unobservable Inputs | Total | ||||||||||||
Intermediate Municipal II Portfolio | ||||||||||||||||
Municipal Bonds | $ | — | $ | 73,142 | $ | — | $ | 73,142 | ||||||||
Investment Company | 2,682 | — | — | 2,682 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investment Securities | $ | 2,682 | $ | 73,142 | $ | — | $ | 75,824 | ||||||||
|
|
|
|
|
|
|
|
Amounts designated as “—” are $0 or have been rounded to $0.
1 | Other Financial Instruments are derivative instruments not reflected in the total investments, such as futures and currency contracts, which are valued at the unrealized appreciation/(depreciation) on the instrument and options and swap agreements, which are valued at fair value. |
2 | Represents a “to be announced” transaction. The Portfolio has committed to sell securities for which all specific information is not available at the time. |
C. Securities Transactions and Investment Income. For financial reporting purposes, portfolio securities transactions are reported on trade date. However, for daily NAV determination, portfolio securities transactions are reflected no later than in the first calculation on the first business day following trade date. Dividend income is recognized on theex-dividend date and foreign dividends are recognized as soon as reliable information is available from the Portfolio’s sources. Interest income, including amortization of premium and accretion of discount on investments, is accrued daily.Pay-in-kind interest income andnon-cash dividend income received in the form of securitiesin-lieu of cash, if any, are recorded at the fair value of the securities received. Realized gains and losses from securities transactions are determined by comparing the identified cost of the security lot sold to the net sales proceeds. Realized gains and losses from principal payment transactions on mortgage-backed and asset-backed securities are classified as investment income or loss for financial reporting purposes.
For certain securities, including real estate investment trusts, the Portfolio records distributions received in excess of income as a reduction of the cost of investments and/or realized gain. Such amounts are based on estimates if actual amounts are not available. Actual amounts of income, realized gain and return of capital may differ from the estimated amounts. The Portfolio records adjustments to the estimated amounts of the components of distributions to investment income, unrealized appreciation/depreciation and realized gain/loss on investments as necessary, once the issuers provide information about the actual composition of the distributions.
D. Restricted Securities. A restricted security is a security that cannot be offered for public sale without prior registration under the Securities Act of 1933 (the “1933 Act”) (absent an exemption). Whether a restricted security is illiquid is determined pursuant to guidelines established by the Board. Not all restricted securities are considered illiquid.
E. Allocations. Expenses directly attributable to a Portfolio are charged to that Portfolio. Class-specific expenses, if any, are borne by that class. Other expenses are allocated proportionately among the Portfolios in relation to the net assets of each Portfolio or by another appropriate method. Income,non-class-specific expenses and realized and unrealized gains and losses are allocated to the respective classes based on relative net assets.
F. Dividends and Capital Gain Distributions to Shareholders. The Core Fixed Income Portfolio, U.S. Government Fixed Income Portfolio, Inflation Protected Portfolio, U.S. Corporate Fixed Income Portfolio, U.S. Mortgage/Asset Backed Fixed Income Portfolio, Short-Term Municipal Portfolio, Intermediate Municipal Portfolio, and Intermediate Municipal II Portfolio declare and distribute dividends from net investment income, if any, on a monthly basis. The Value Portfolio, Institutional Value Portfolio, Growth Portfolio, Institutional Growth Portfolio, SmallCap-Mid Cap Portfolio, Institutional SmallCap-Mid Cap Portfolio, Real Estate Portfolio, Commodity Portfolio, ESG Growth Portfolio, Catholic SRI Growth Portfolio and Fixed Opportunity Portfolio declare and distribute dividends from net investment income, if any, on a quarterly basis. The International Portfolio and Institutional International Portfolio declare and distribute dividends from net investment income, if any, on a semiannual basis. The Emerging Markets Portfolio declares and distributes dividends from net investment income, if any, on an annual basis. Net realized capital gains, if any, are declared and distributed at least annually by each Portfolio.
G. Repurchase Agreements. Among the instruments that each of the Portfolios may use for temporary investment purposes are repurchase agreements. Under the terms of a typical repurchase agreement, a Portfolio would acquire an underlying debt security for a relatively short period (usually not more than one week), subject to an obligation of the seller to repurchase that security from the Portfolio at an agreed-upon price and date. Repurchase agreements may involve certain risks
260
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in the event of default or insolvency of the counterparty, including possible delays or restrictions upon the Portfolio’s ability to dispose of the underlying securities. The creditworthiness of those banks andnon-bank dealers with which the Portfolios may enter into repurchase agreements are monitored in accordance with guidelines adopted by the Board, as is the market value of the securities underlying any repurchase agreement to ensure that the seller’s obligation to repurchase is collateralized by an amount at least equal to the repurchase price including accrued interest. All repurchase agreements are fully collateralized by cash and/or government securities (as defined in the 1940 Act). If approved by the Adviser, repurchase agreements may also be fully collateralized by other securities that, at the time the repurchase agreement is entered into, are determined by the Board, or its authorized delegate, to be (i) issued by an issuer that has an exceptionally strong capacity to meet its obligations on the collateral, and (ii) sufficiently liquid that they can be sold by the Portfolio at approximately their carrying value in the ordinary course of business within seven calendar days. Master Repurchase Agreements (“MRA”) permit the Portfolios, under certain circumstances, including an event of default (such as bankruptcy or insolvency), to offset receivables under the MRA with collateral posted by the counterparty and create one net payment due to or from the Portfolios. However, bankruptcy or insolvency laws of a particular jurisdiction may impose restrictions on or prohibitions against such a right of offset in the event of the counterparty’s bankruptcy or insolvency. Pursuant to the terms of the MRA, the Portfolios receive securities as collateral with a market value in excess of the repurchase price to be received by the Portfolios upon the maturity of the transaction. Upon a bankruptcy or insolvency of the counterparty, the Portfolios would recognize a liability with respect to such excess collateral to reflect the Portfolio’s obligation under bankruptcy law to return the excess to the counterparty.
The following table is a summary of each Portfolio’s open repurchase agreements that are subject to offset under an MRA on a net basis as of December 31, 2019 (amounts in thousands):
Portfolio | Value of Repurchase Agreements | Value of Collateral Received | Net Amount | |||||||||
Commodity Portfolio | $ | 4,800 | $ | 4,800 | $ | — |
H. TBA Purchase and Sale Commitments. Certain of the Portfolios may enter into “TBA” (to be announced) commitments to purchase or sell securities for a fixed price at a future date, typically not to exceed 45 days. TBA commitments may be considered securities in themselves, and involve a risk of loss if the value of the security to be purchased or sold declines or increases, respectively, prior to settlement date. Unsettled TBA commitments are valued at the current market value of the underlying securities, according to the procedures described under “Securities Valuation” above.
I. Commission Recapture. Certain of the Portfolios participate in a commission recapture program. These Portfolios will utilize the recaptured commissions to pay for, in whole or in part, certain expenses of the Portfolios, excluding investment advisory and distribution fees. The expenses eligible to be paid will include, but are not limited to, administrative service fees, audit fees, custodian fees, legal fees and printing expenses, as directed by the Trust. These amounts are disclosed as “Expenses paid indirectly” on the Statements of Operations.
For the period ended December 31, 2019, the following commissions were recaptured:
Portfolio | Commissions Recaptured (000) | |||
Growth Portfolio | $ | 3 | ||
Institutional Growth Portfolio | 4 | |||
SmallCap-Mid Cap Portfolio | 4 | |||
Institutional SmallCap-Mid Cap Portfolio | 3 | |||
Real Estate Portfolio | — | * | ||
International Portfolio | 4 | |||
Institutional International Portfolio | 4 |
* | Amount has been rounded to $0. |
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J. Foreign Exchange Transactions. The books and records of the Portfolios are maintained in U.S. dollars.Non-U.S. dollar denominated amounts are translated into U.S. dollars as follows, with the resultant exchange gains and losses recorded in the Statements of Operations:
i) value | of investment securities and other assets and liabilities at the exchange rate on the valuation date; and |
ii) purchases | and sales of investment securities and income and expenses at the exchange rate prevailing on the respective date of such transactions. |
The Portfolios do not isolate realized and unrealized gains and losses attributable to changes in the exchange rates from gains and losses that arise from changes in the value of investments. Such fluctuations are included with net realized and unrealized gain or loss on investments.
Dividends and interest fromnon-U.S. sources received by a Portfolio are generally subject tonon-U.S. withholding taxes at rates ranging up to 30%. Such withholding taxes may be reduced or eliminated under the terms of applicable U.S. income tax treaties, and each Portfolio intends to, if reasonable, undertake any procedural steps required to claim the benefits of such treaties. If the value of more than 50% of a Portfolio’s total assets at the close of any taxable year consists of stock or securities ofnon-U.S. corporations, the Portfolio may elect to treat anynon-U.S. taxes paid by it as paid by its shareholders.
The Portfolios may be subject to foreign taxes on gains in investments or currency repatriation. The Portfolios accrue such taxes, as applicable, based on their current interpretation of tax rules in the foreign markets in which they invest.
K. Derivative Instruments. Certain of the Portfolios may invest in various financial instruments including positions in forward currency contracts, financial futures contracts, options contracts and swap agreements.
The following is a summary of the fair value of derivative instruments held by the Portfolios as of December 31, 2019 (amounts in thousands).
Assets | ||||||||||||||||||||
Portfolio | Unrealized appreciation on futures contracts* | Investments, at value for purchased swaptions | Investments, at value for written options | Unrealized appreciation on forward currency contracts* | Swap agreements, at value* | |||||||||||||||
Equity Risk Exposure: | ||||||||||||||||||||
Value Portfolio | $ | 100 | $ | — | $ | — | $ | — | $ | — | ||||||||||
Institutional Value Portfolio | 301 | — | — | — | — | |||||||||||||||
Growth Portfolio | 304 | — | — | — | — | |||||||||||||||
Institutional Growth Portfolio | 1,182 | — | — | — | — | |||||||||||||||
SmallCap-Mid Cap Portfolio | 65 | — | — | — | — | |||||||||||||||
Institutional SmallCap-Mid Cap Portfolio | 612 | — | — | — | — | |||||||||||||||
Real Estate Portfolio | 541 | — | — | — | — | |||||||||||||||
Commodity Portfolio | 89 | — | — | — | — | |||||||||||||||
ESG Growth Portfolio | 76 | — | — | — | — | |||||||||||||||
International Portfolio | 11 | — | — | — | — | |||||||||||||||
Institutional International Portfolio | 1,122 | — | — | — | — | |||||||||||||||
Emerging Markets Portfolio | 2,415 | — | — | — | — | |||||||||||||||
Fixed Opportunity Portfolio | 3,192 | — | — | — | — | |||||||||||||||
Foreign Exchange Rate Risk Exposure: | ||||||||||||||||||||
Institutional International Portfolio | — | — | — | 1 | — | |||||||||||||||
Commodity Risk Exposure: | ||||||||||||||||||||
Commodity Portfolio | 242 | — | — | — | 6 |
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Liabilities | ||||||||||||||||||||
Portfolio | Unrealized depreciation on futures contracts* | Written options, at fair value | Written options, at fair value | Unrealized depreciation on forward currency contracts* | Swap agreements, at value* | |||||||||||||||
Commodity Risk Exposure: | ||||||||||||||||||||
Commodity Portfolio | $ | 19 | $ | — | $ | — | $ | — | $ | — | ||||||||||
Interest Rate Risk Exposure: | ||||||||||||||||||||
Fixed Opportunity Portfolio | 463 | — | — | — | — |
* | Total fair value is presented by Primary Risk Exposure. For futures contracts, the amounts represent their cumulative appreciation/depreciation, which includes movements of variation margin. For forward currency contracts and swap agreements, such amounts represent appreciation (for asset derivatives) or depreciation (for liability derivatives). |
Amounts designated as “—” are $0 or have been rounded to $0.
The following is a summary of the effect of derivative instruments on the Statements of Operations for the period ended December 31, 2019 (amounts in thousands):
Portfolio | Net realized gains/(losses) from futures transactions | Net realized gains/(losses) from written options & swaptions transactions | Net realized gains/(losses) from purchased options & swaptions transactions | Net realized gains/(losses) from forward currency contracts | Net realized gains/(losses) from swap transactions | |||||||||||||||
Equity Risk Exposure: | ||||||||||||||||||||
Value Portfolio | $ | 926 | $ | — | $ | — | $ | — | $ | — | ||||||||||
Institutional Value Portfolio | 11,456 | — | — | — | — | |||||||||||||||
Growth Portfolio | 1,424 | — | — | — | — | |||||||||||||||
Institutional Growth Portfolio | 10,803 | — | — | — | — | |||||||||||||||
SmallCap-Mid Cap Portfolio | 1,049 | — | — | — | — | |||||||||||||||
Institutional SmallCap-Mid Cap Portfolio | 2,984 | — | — | — | — | |||||||||||||||
Real Estate Portfolio | 526 | — | — | — | — | |||||||||||||||
Commodity Portfolio | 633 | — | — | — | — | |||||||||||||||
ESG Growth Portfolio | 720 | — | — | — | — | |||||||||||||||
International Portfolio | 484 | — | — | — | — | |||||||||||||||
Institutional International Portfolio | 14,023 | — | — | — | — | |||||||||||||||
Emerging Markets Portfolio | 6,006 | — | — | — | — | |||||||||||||||
Fixed Opportunity Portfolio | 2,296 | — | — | — | — | |||||||||||||||
Foreign Exchange Rate Risk Exposure: | ||||||||||||||||||||
Commodity Portfolio | 64 | — | — | (7 | ) | — | ||||||||||||||
ESG Growth Portfolio | — | — | — | (1 | ) | — | ||||||||||||||
International Portfolio | — | — | — | 739 | — | |||||||||||||||
Institutional International Portfolio | — | — | — | 800 | — | |||||||||||||||
Emerging Markets Portfolio | — | — | — | (12 | ) | — | ||||||||||||||
Fixed Opportunity Portfolio | 339 | — | — | — | — | |||||||||||||||
Commodity Risk Exposure: | ||||||||||||||||||||
Commodity Portfolio | 49 | — | (8 | ) | — | 9 | ||||||||||||||
Interest Rate Risk Exposure: | ||||||||||||||||||||
Fixed Opportunity Portfolio | (161 | ) | — | — | — | — | ||||||||||||||
Credit Risk Exposure: | ||||||||||||||||||||
Fixed Opportunity Portfolio | — | — | — | — | (16 | ) |
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Net Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized as a Result from Operations | ||||||||||||||||||||
Portfolio | Change in unrealized appreciation/ (depreciation) on futures | Change in unrealized appreciation/ (depreciation) on written options | Change in unrealized appreciation/ (depreciation) on purchased swaptions | Change in unrealized appreciation/ (depreciation) on forward currency contracts | Change in unrealized appreciation/ (depreciation) on swaps | |||||||||||||||
Equity Risk Exposure: | ||||||||||||||||||||
Value Portfolio | $ | (80 | ) | $ | — | $ | — | $ | — | $ | — | |||||||||
Institutional Value Portfolio | (3,982 | ) | — | — | — | — | ||||||||||||||
Growth Portfolio | 23 | — | — | — | — | |||||||||||||||
Institutional Growth Portfolio | 721 | — | — | — | — | |||||||||||||||
SmallCap-Mid Cap Portfolio | 38 | — | — | — | — | |||||||||||||||
Institutional SmallCap-Mid Cap Portfolio | 468 | — | — | — | — | |||||||||||||||
Real Estate Portfolio | 543 | — | — | — | — | |||||||||||||||
Commodity Portfolio | (201 | ) | — | 3 | — | 1 | ||||||||||||||
ESG Growth Portfolio | (68 | ) | — | — | — | — | ||||||||||||||
International Portfolio | (208 | ) | — | — | — | — | ||||||||||||||
Institutional International Portfolio | (135 | ) | — | — | — | — | ||||||||||||||
Emerging Markets Portfolio | 771 | — | — | — | — | |||||||||||||||
Fixed Opportunity Portfolio | 3,192 | — | — | — | — | |||||||||||||||
Foreign Exchange Rate Risk Exposure: | ||||||||||||||||||||
Commodity Portfolio | (100 | ) | — | — | — | — | ||||||||||||||
International Portfolio | — | — | — | 1 | — | |||||||||||||||
Institutional International Portfolio | — | — | — | (2 | ) | — | ||||||||||||||
Emerging Markets Portfolio | — | — | — | 98 | — | |||||||||||||||
Commodity Risk Exposure: | ||||||||||||||||||||
Commodity Portfolio | 89 | — | — | — | — | |||||||||||||||
Interest Rate Risk Exposure: | ||||||||||||||||||||
Fixed Opportunity Portfolio | (412 | ) | — | — | — | — | ||||||||||||||
Credit Risk Exposure: | ||||||||||||||||||||
Fixed Opportunity Portfolio | — | — | — | — | (167 | ) |
Amounts designated as “—” are $0 or have been rounded to $0.
The Trust is generally subject to master netting agreements (“MNA”) that allow for amounts owed between a Portfolio and the counterparty to be netted. The party that has the larger payable pays the excess of the larger amount over the smaller amount to the counterparty. The MNA do not apply to amounts owed to/from different counterparties. The amounts shown in the Statement of Assets and Liabilities do not take into consideration the effects of legally enforceable MNA. The table below presents the gross and net amounts of these assets and liabilities with any offsets to reflect the Portfolio’s ability to transact net amounts with counterparties at December 31, 2019.
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As of December 31, 2019, each Portfolio’s derivative assets and liabilities by type are as follows (amounts in thousands):
Value Portfolio | Institutional Value Portfolio | Growth Portfolio | Institutional Growth Portfolio | |||||||||||||||||||||||||||||
Assets | Liabilities | Assets | Liabilities | Assets | Liabilities | Assets | Liabilities | |||||||||||||||||||||||||
Derivative Financial Instruments: | ||||||||||||||||||||||||||||||||
Futures contracts | $ | 100 | $ | — | $ | 301 | $ | — | $ | 304 | $ | — | $ | 1,182 | $ | — | ||||||||||||||||
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||||||
Total derivative assets and liabilities in the Statements of Assets and Liabilities | 100 | — | 301 | — | 304 | — | 1,182 | — | ||||||||||||||||||||||||
Derivatives not subject to a MNA or similar agreement | (100 | ) | — | (301 | ) | — | (304 | ) | — | (1,182 | ) | — | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||||||
Total assets and liabilities subject to a MNA | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||
|
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|
|
|
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|
|
| |||||||||||||||||
SmallCap-Mid Cap Portfolio | Institutional Small Cap-Mid Cap Portfolio | Real Estate Portfolio | Commodity Portfolio | |||||||||||||||||||||||||||||
Assets | Liabilities | Assets | Liabilities | Assets | Liabilities | Assets | Liabilities | |||||||||||||||||||||||||
Derivative Financial Instruments: | ||||||||||||||||||||||||||||||||
Futures contracts | $ | 65 | $ | — | $ | 612 | $ | — | $ | 541 | $ | — | $ | 331 | $ | 19 | ||||||||||||||||
Option contracts* | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||
Swap agreements | — | — | — | — | — | — | 6 | — | ||||||||||||||||||||||||
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| |||||||||||||||||
Total derivative assets and liabilities in the Statements of Assets and Liabilities | 65 | — | 612 | — | 541 | — | 337 | 19 | ||||||||||||||||||||||||
Derivatives not subject to a MNA or similar agreement | (65 | ) | — | (612 | ) | — | (541 | ) | — | (331 | ) | (19 | ) | |||||||||||||||||||
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|
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| |||||||||||||||||
Total assets and liabilities subject to a MNA | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 6 | $ | — | ||||||||||||||||
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| |||||||||||||||||
ESG Growth Portfolio | International Portfolio | Institutional International Portfolio | Emerging Markets Portfolio | |||||||||||||||||||||||||||||
Assets | Liabilities | Assets | Liabilities | Assets | Liabilities | Assets | Liabilities | |||||||||||||||||||||||||
Derivative Financial Instruments: | ||||||||||||||||||||||||||||||||
Futures contracts | $ | 76 | $ | — | $ | 11 | $ | — | $ | 1,122 | $ | — | $ | 2,415 | $ | — | ||||||||||||||||
Forward currency contracts | — | — | — | — | 1 | — | — | — | ||||||||||||||||||||||||
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| |||||||||||||||||
Total derivative assets and liabilities in the Statements of Assets and Liabilities | 76 | — | 11 | — | 1,123 | — | 2,415 | — | ||||||||||||||||||||||||
Derivatives not subject to a MNA or similar agreement | (76 | ) | — | (11 | ) | — | (1,123 | ) | — | (2,415 | ) | — | ||||||||||||||||||||
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|
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| |||||||||||||||||
Total assets and liabilities subject to a MNA | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||
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Fixed Opportunity Portfolio | ||||||||||||||||||||||||||||||||
Assets | Liabilities | |||||||||||||||||||||||||||||||
Derivative Financial Instruments: | ||||||||||||||||||||||||||||||||
Futures contracts | $ | 3,192 | $ | 463 | ||||||||||||||||||||||||||||
|
|
|
| |||||||||||||||||||||||||||||
Total derivative assets and liabilities in the Statements of Assets and Liabilities | 3,192 | 463 | ||||||||||||||||||||||||||||||
Derivatives not subject to a MNA or similar agreement | (3,192 | ) | (463 | ) | ||||||||||||||||||||||||||||
|
|
|
| |||||||||||||||||||||||||||||
Total assets and liabilities subject to a MNA | $ | — | $ | — | ||||||||||||||||||||||||||||
|
|
|
|
* | Includes options contracts purchased at value as reported in the Statements of Assets and Liabilities. |
The following table represents the Commodity Portfolio’s and the Fixed Opportunity Portfolio’s derivative assets by counterparty, net of amounts available for offset under a MNA and net of the related collateral received by the Portfolios as of 31 December, 2019 (amounts in thousands).
Counterparty | Derivative Assets Subject to a MNA by Counterparty | Derivatives Available for Offset | Non-cash Collateral Received (a) | Cash Collateral Received (a) | Net Amount of Derivative Assets | |||||||||||||||
Commodity Portfolio | ||||||||||||||||||||
Barclays Bank PLC | $ | 1 | $ | — | $ | — | $ | — | $ | 1 | ||||||||||
Goldman Sachs International | 5 | — | — | — | 5 | |||||||||||||||
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| |||||||||||
Total | $ | 6 | $ | — | $ | — | $ | — | $ | 6 | ||||||||||
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|
|
|
|
|
|
|
(a) | The actual collateral received or pledged may be in excess of the amounts shown in the tables. The tables only reflect collateral amounts up to the amount of the financial instruments disclosed on the Statements of Assets and Liabilities. |
Amounts designated as “—” are $0 or have been rounded to $0.
Forward Currency Contracts: Certain of the Portfolios may be subject to currency exchange rate risk in the normal course of pursuing their investment objectives. A Portfolio enters into forward currency contracts (“forward contracts”) for the purpose of hedging exposure to changes in foreign currency exchange rates on its holdings. A forward contract is an agreement between two parties to buy and sell a currency at a set price on a future date. The value of the forward contract fluctuates with changes in currency exchange rates. The forward contract ismarked-to-market daily and the change in value is recorded by the Portfolio as unrealized appreciation or depreciation. When the forward contract is closed, the Portfolio records a realized gain or loss equal to the fluctuation in value during the period the forward contract was open. The Portfolio is subject to credit risk, which is the risk that the counterparty is unable to meet the terms of a forward contract, and market risk, which is the risk that the value of the currency changes unfavorably.
Forward contracts may involve credit or market risk in excess of the amounts reflected on a Portfolio’s Statement of Assets and Liabilities. The gain or loss from the difference between the cost of original contracts and the amount realized upon the closing of such forward contracts is included in net realized gains or losses on foreign currency transactions. Fluctuations in the value of forward contracts held at December 31, 2019 are recorded for financial reporting purposes as net unrealized gains or losses. In addition, at December 31, 2019, the Portfolios entered into currency contracts to settle trades in foreign currencies. These transactions are included in “Receivable from investments sold” and “Payable for investments
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purchased” on the Statements of Assets and Liabilities. Themonth-end average contract amount for all forward contracts during the period ended December 31, 2019 are detailed in the table below:
Outstanding Notional Amount (000) | Monthly Average Notional Amount (000) | |||||||||||||||
Forward Foreign Currency Exchange Contracts: | Long | Short | Long | Short | ||||||||||||
Institutional International Portfolio | $ | 207 | $ | 6 | $ | 35 | $ | 1 |
Financial Futures Contracts: Certain of the Portfolios may be subject to equity price risk, interest rate risk, commodity price risk and foreign currency exchange rate risk in the normal course of pursuing their investment objectives. Certain of the Portfolios may invest in financial futures contracts (“futures contracts”) in order to reduce such risks, as part of their investment strategies or to gain exposure to or hedge against changes in the value of equities, interest rates or foreign currencies. The Commodity Portfolio may invest in commodity-linked futures contracts to gain exposure to the commodities market. A futures contract represents a commitment for the future purchase or sale of an asset at a specified price on a specified date. Upon entering into a futures contract, a Portfolio is required to pledge to the broker an amount of cash and/or other assets equal to a certain percentage of the contract amount (initial margin deposit). Subsequent payments, known as “variation margin,” may be made or received by a Portfolio each day, depending on the daily fluctuations in the value of the underlying financial instrument. A Portfolio recognizes a gain or loss equal to the daily variation margin, which is recorded as a receivable or payable on the Statement of Assets and Liabilities (if applicable). When a futures contract is closed, a realized gain or loss is recorded as “Net realized gains/(losses) from futures transactions” on the Statement of Operations. Should market conditions move unexpectedly, the Portfolio may not achieve the anticipated benefits of the futures contracts and may realize a loss. The use of futures transactions involves the risk of an imperfect correlation in movements in the price of futures contracts, interest rates, and the underlying hedged assets. With futures contracts, there is minimal counterparty credit risk to the Portfolios since futures contracts are exchange traded and the exchange’s clearinghouse, as counterparty to all exchange-traded futures contracts, guarantees the futures contracts against default. Securities designated as collateral for market value on futures contracts are noted in each Portfolio’s Portfolio of Investments (if applicable). Such collateral is held with the broker. The notional value of the futures contracts outstanding at December 31, 2019 and themonth-end average notional amount for the period ended December 31, 2019 are detailed in the table below:
Outstanding Notional Amount (000) | Monthly Average Notional Amount (000) | |||||||||||||||
Futures Contracts: | Long | Short | Long | Short | ||||||||||||
Value Portfolio | $ | 7,486 | $ | — | $ | 13,088 | $ | — | ||||||||
Institutional Value Portfolio | 31,622 | — | 74,096 | — | ||||||||||||
Growth Portfolio | 20,896 | — | 8,080 | — | ||||||||||||
Institutional Growth Portfolio | 56,169 | — | 90,169 | — | ||||||||||||
Small Cap–Mid Cap Portfolio | 6,348 | — | 7,565 | — | ||||||||||||
Institutional Small Cap–Mid Cap Portfolio | 47,027 | — | 44,117 | — | ||||||||||||
Real Estate Portfolio | 15,803 | — | 23,474 | — | ||||||||||||
Commodity Portfolio | 10,269 | 264 | 16,026 | 330 | ||||||||||||
ESG Growth Portfolio | 10,475 | — | 8,181 | — | ||||||||||||
International Portfolio | 1,018 | — | 9,573 | — | ||||||||||||
Institutional International Portfolio | 179,416 | — | 222,573 | — | ||||||||||||
Emerging Markets Portfolio | 77,742 | — | 121,266 | — | ||||||||||||
Fixed Opportunity Portfolio | 470,543 | 254,861 | 45,979 |
Purchased Options & Swaptions Contracts: Certain of the Portfolios may be subject to equity price risk, commodities price risk and interest rate risk in the normal course of pursuing their investment objectives. In order to reduce such risks and/or in anticipation of future purchases, including to achieve market exposure pending direct investment in securities, certain of the Portfolios may purchase put or call options. Options contracts provide the purchaser with the right, but not the obligation, to buy or sell (call or put option, respectively) a financial instrument at the exercise price. The Portfolio pays a premium which is included in “Investments, at value” on the Statement of Assets and Liabilities andmarked-to-market to reflect the current value of the option. Premiums paid for purchasing options which expire are treated as realized losses. When an option
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Notes to Financial Statements (continued) — December 31, 2019 (Unaudited)
is exercised or closed, premiums paid for purchasing options are offset against proceeds to determine the realized gain or loss on the transaction.
Written Options & Swaptions Contracts: Certain of the Portfolios may be subject to equity price risk, commodities price risk and interest rate risk in the normal course of pursuing their investment objectives. In order to reduce such risks and/or in anticipation of future purchases, including to achieve market exposure pending direct investment in securities, certain of the Portfolios may write put or call options. Premiums received from written options contracts are recorded as liabilities on the Statement of Assets and Liabilities and aremarked-to-market to reflect the current value of the options written. Premiums received from writing options which expire are treated as realized gains. Premiums received from writing options, which are either exercised or closed, are offset against the proceeds received or the amount paid on the transaction to determine realized gains or losses. Realized gains and losses are reported as “Net realized gains/(losses) from written options transactions” on the Statement of Operations (if applicable). When writing an option, the Portfolio bears the market risk of unfavorable changes in the price of the underlying instrument.
Credit default swaptions may be written or purchased to hedge exposure to the credit risk of an investment without making a commitment to the underlying instrument. A credit default swaption is an option to sell or buy credit protection on a specific reference by entering into apre-defined swap agreement by some specific date in the future.
With exchange-traded options, there is minimal counterparty credit risk to the Portfolios since the exchange’s clearinghouse, as counterparty to all exchange-traded options, guarantees the options against default. Withover-the-counter options, the Portfolios bear the risk that counterparties will be unable to perform under the terms of the contracts.
The notional value of purchased and written options and swaptions outstanding at December 31, 2019 and themonth-end average notional amount for the period ending December 31, 2019 are detailed in the table below:
Option Contracts: | Outstanding Notional Amount (000) | Monthly Average Notional Amount (000) | ||||||
Commodity Portfolio | $ | — | $ | 3 | ||||
Fixed Opportunity Portfolio | — | 2,779 |
Swap Agreements: Certain of the Portfolios may enter into swap agreements (“swaps”) for purposes of attempting to gain exposure to the securities making up an index without actually purchasing those instruments, to hedge a position or to gain exposure to a particular instrument or currency. A swap is atwo-party contract entered into for periods ranging from one day to more than one year. In a standard swap transaction, two parties agree to exchange the returns (or differentials in rates of return) earned or realized on particular predetermined investments or instruments. The gross returns to be exchanged or “swapped” between the parties are calculated with respect to a “notional amount,” i.e., the return on or increase in value of a particular dollar amount invested in a “basket” of securities representing a particular index. Swap agreements are privately negotiated in theover-the-counter (“OTC”) market and may be entered into as a bilateral contract (“OTC swaps”) or cleared through a third party, known as a clearing organization (“centrally cleared swap”). Swaps are marked to market daily based upon valuations as determined from the underlying contract or in accordance with the requirements of the clearing organization. Changes in market value, if any, are reflected as a component of net change in unrealized appreciation or depreciation on swap agreements on the Statement of Operations. Daily changes in valuation of centrally cleared swaps, if any, are recorded as variation margin on swap agreements on the Statement of Assets and Liabilities.
Total Return Swaps: Certain of the Portfolios may enter into total return swaps to gain or mitigate exposure to the underlying securities or indices. In “long” total return swaps, the counterparty will generally agree to pay the Portfolio the amount, if any, by which the notional amount of the swaps would have increased in value had it been invested in the particular instruments, plus an amount equal to any dividends or interest that would have been received on those instruments. The Portfolio will agree to pay to the counterparty an amount equal to a fixed or floating rate of interest on the notional amount of the swaps plus the amount, if any, by which the notional amount would have decreased in value had it been invested in such instruments plus, in certain instances, commissions or trading spreads on the notional amount. Total return swaps do not involve the delivery of securities or other underlying instruments. The net amount of the excess, if any, of a Portfolio’s obligations over its entitlements with respect to each swap is accrued on a daily basis and an amount of cash or liquid assets, having an aggregate value at least equal to such accrued excess, is maintained at the broker-dealer or the Portfolio’s custodian. Until a total return swap is settled in cash, the gain or loss on the notional amount plus dividends or
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interest on the instruments less the interest paid by the Portfolio on the notional amount is recorded as “unrealized appreciation or depreciation on swap agreements” and, when cash is exchanged, the gain or loss realized is recorded as “realized gains or losses on swap transactions.” A Portfolio may enter into total return swaps that provide the opposite return of its benchmark index or security (“short” the index or security). Its operations are similar to those swaps disclosed above except that the counterparty pays interest to the Portfolio on the notional amount outstanding and that dividends or interest on the underlying instruments reduce the value of the swaps plus, in certain instances, the Portfolio will agree to pay to the counterparty commissions or trading spreads on the notional amount. These amounts are netted against any unrealized appreciation or depreciation to determine the value of the swaps.
Credit Default Swaps: Certain of the Portfolios may invest in credit default swaps for hedging purposes or for market exposure. Credit default swaps involve one party making a stream of payments (referred to as the buyer of protection) to another party (the seller of protection) in exchange for the right to receive a specified return in the event of a default or other credit event for the referenced entity, obligation or index and are subject to credit risk exposure. The maximum potential amount of future payments that a Portfolio as a seller of protection could be required to make under a credit default swap agreement would be an amount equal to the notional amount of the agreement. Notional amounts of each individual credit default swap agreement outstanding for which a Portfolio is the seller of protection are disclosed in the Portfolio of Investments. These potential amounts would be partially offset by any recovery values of the respective referenced obligations, upfront payments received upon entering into the agreement, or net amounts received from the settlement of buy protection credit default swap agreements entered into by a Portfolio for the same referenced entity or entities.
The primary risks associated with the use of swaps are an imperfect correlation between the prices of financial instruments and movements in the prices of the underlying investments and the inability of counterparties to perform under the agreement. The counterparty to any swap agreement will typically be a bank, investment banking firm or broker-dealer. The Portfolio will bear the counterparty risk, i.e., the risk of loss of the net amount, if any, expected to be received under a swap in the event of the default or bankruptcy of the swap counterparty. The counterparty risk for centrally cleared swap agreements is generally lower than for OTC swap agreements because generally a clearing organization becomes substituted for each counterparty to a centrally cleared swap agreement and, in effect, guarantees the parties’ performance under the contract as each party to a trade looks only to a clearing house for performance of financial obligations. However, there can be no assurance that the clearing house, or its members will satisfy obligations to the Portfolio. The unrealized gain or loss at December 31, 2019 is disclosed in the swap tables included in the Portfolios of Investments. The notional value of the swap agreements outstanding at December 31, 2019 and themonth-end average notional amount for the period ended December 31, 2019 are detailed in the tables below (amounts in thousands):
Portfolio | Outstanding Notional Amount (000) | Monthly Average Notional Amount (000) | ||||||
Total Return Swap Agreements: | ||||||||
Commodity Portfolio | $ | 127 | $ | 163 | ||||
Commodity Forward Swap Agreements: | ||||||||
Commodity Portfolio | 53 | 49 |
Outstanding Notional Amount (000) | Monthly Average Notional Amount (000) | |||||||||||||||
Portfolio | Buy Protection | Sell Protection | Buy Protection | Sell Protection | ||||||||||||
Credit Default Swap Agreements: | ||||||||||||||||
Fixed Opportunity Portfolio | $ | — | $ | — | $ | 18,123 | $ | — |
L. Inflation Indexed Bonds. Certain of the Portfolios may invest in inflation-indexed bonds, which are fixed-income securities whose principal value is periodically adjusted based on the rate of inflation. The interest rate on these bonds is generally fixed at issuance at a rate lower than typical bonds. Over the life of an inflation-indexed bond, however, interest will be paid based on a principal value which is adjusted for inflation. Any increase or decrease in the principal amount of an inflation-indexed bond resulting from inflation or deflation, respectively, as measured by the change in the Consumer Price Index, will be included as interest income or loss on the Statements of Operations, even though investors do not receive their
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principal until maturity. During the period ended December 31, 2019, the Inflation Protected Portfolio recognized income due to the increase in the Consumer Price Index.
Interest rates on conventional bonds have two primary components: a “real” yield and an increment that reflects investor expectations of future inflation. By contrast, interest payments on inflation-indexed bonds are adjusted for inflation and, therefore, are not affected meaningfully by inflation expectations. This leaves only changes in real rates to influence the price of inflation-indexed bonds. A rise in real rates will cause the price of inflation-indexed bonds to fall, while a decline in real rates will boost the price of inflation-indexed bonds. Inflation-indexed bonds issued bynon-U.S. governments are generally indexed to the inflation rates prevailing in those countries.
The primary risk associated with the use of inflation-indexed bonds is that the principal value of an investment is not protected or otherwise guaranteed by virtue of the Portfolio’s investments in inflation-indexed bonds. If the index measuring inflation falls, the principal value of inflation-indexed bonds will be adjusted downward and, consequently, the interest payable on these securities (calculated with respect to a smaller principal amount) will be reduced. Repayment of the original bond principal upon maturity (as adjusted for inflation) is guaranteed in the case of U.S. treasury inflation-indexed bonds. For bonds that do not provide a similar guarantee, the adjusted principal value of the bond repaid at maturity may be less than the original principal value. Deflation risk is the possibility that prices throughout the economy decline over time, in which case, the principal and income of an inflation-protected bond will decline and may result in losses.
M. Securities Lending. Certain of the Portfolios may lend their portfolio securities to broker-dealers pursuant to a Master Securities Lending Agreement (“MSLA”) that requires the borrower to post collateral equal to at least the market value of the securities loaned, which ismarked-to-market on a daily basis. Any collateral shortfalls associated with increases in the valuation of the securities loaned are adjusted the next business day. The Portfolios will continue to benefit from interest or dividends on the securities loaned and may also earn a return from the collateral. The Portfolios pay various fees in connection with the investment of the collateral. Any voting rights, or rights to consent, relating to securities loaned, pass to the borrower. Currently cash collateral received by a Portfolio in securities lending transactions may only be invested in repurchase agreements or money market funds that invest in U.S. treasury obligations. A Portfolio bears the risk of such investments. Securities on loan at December 31, 2019 are presented in the Portfolios of Investments. The Portfolios pay the Securities Lending Agent fees based on the investment income received from securities lending activities as reflected on the Statements of Operations.
Cash collateral received from the borrower is recorded in the Statements of Assets and Liabilities as “Payable for collateral received on loaned securities.” Investments acquired with such cash collateral are reported in a manner consistent with other portfolio investments held by the Portfolios as an investment, at value on the Statements of Assets and Liabilities. The Portfolios may receivenon-cash collateral in the form of securities such as U.S. treasuries, which the Portfolios may not sell orre-pledge and accordingly are not reflected in the Statements of Assets and Liabilities.
Securities lending transactions are entered into by a Portfolio under a MSLA which permits the Portfolio, under certain circumstances, including an event of default (such as bankruptcy or insolvency), to offset amounts payable by the Portfolio to the same counterparty against amounts to be received and create a net payment due to or from the Portfolio.
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The following table is a summary of the Portfolios’ securities lending transactions accounted for as secured borrowings, which are subject to offset under an MSLA, at December 31, 2019 (amounts in thousands):
Portfolio | Value of Securities on Loan | Value of Collateral Received* | Net Amount | |||||||||
Value Portfolio | $ | 149 | $ | 149 | $ | — | ||||||
Growth Portfolio | 1,436 | 1,420 | 16 | |||||||||
Small Cap–Mid Cap Portfolio | 1,087 | 1,087 | — | |||||||||
Institutional Small Cap–Mid Cap Portfolio | 1,046 | 1,046 | — | |||||||||
Commodity Portfolio | 3 | 3 | — | |||||||||
Catholic SRI Growth Portfolio | 48 | 48 | — | |||||||||
Institutional International Portfolio | 12,533 | 12,533 | — | |||||||||
Emerging Markets Portfolio | 5,990 | 5,990 | — |
* | The actual collateral received may be in excess of the amounts shown in the table. The table only reflects collateral amounts up to the amount of the value of securities on loan as disclosed in the Portfolios of Investments. Any collateral shortfalls associated with increases in the valuation of the securities loaned are adjusted the next business day. |
Securities lending transactions as of December 31, 2019 (amounts in thousands):
Security Type | Remaining Contractual Maturity of the Agreements | |||||||||||||||||||||||
Portfolio | Common Stocks | Overnight and Continuous | Up to 30 days | Total Value of Securities on Loan | Value of Collateral Received | Net Amount Due to/(from) Counterparty | ||||||||||||||||||
Value Portfolio | $ | 149 | $ | 149 | $ | — | $ | 149 | $ | 151 | $ | 2 | ||||||||||||
Growth Portfolio | 1,436 | 1,436 | — | 1,436 | 1,420 | (16 | ) | |||||||||||||||||
Small Cap–Mid Cap Portfolio | 1,087 | 1,087 | — | 1,087 | 1,121 | 34 | ||||||||||||||||||
Institutional Small Cap–Mid Cap Portfolio | 1,046 | 1,046 | — | 1,046 | 1,096 | 50 | ||||||||||||||||||
Commodity Portfolio | 3 | 3 | — | 3 | 49 | * | 46 | |||||||||||||||||
Catholic SRI Growth Portfolio | 48 | 21 | 27 | 48 | 49 | 1 | ||||||||||||||||||
Institutional International Portfolio | 12,533 | 7,460 | 5,073 | 12,533 | 13,427 | * | 894 | |||||||||||||||||
Emerging Markets Portfolio | 5,990 | 5,990 | — | 5,990 | 8,901 | * | 2,911 | |||||||||||||||||
Fixed Opportunity Portfolio | — | — | — | — | 1,177 | 1,177 |
* | Includesnon-cash collateral received with a value of (amounts in thousands) $49, $10,446 and $2,643 for the Commodity Portfolio, Institutional International Portfolio and Emerging Markets Portfolio, respectively. |
N. Basis for Consolidation for the Commodity Portfolio. The HC Commodity Related Securities Fund, Ltd. (the “Fund”) is incorporated as Cayman Islands exempted company. The Fund is wholly-owned subsidiary of the Commodity Portfolio and act as investment vehicle for the Commodity Portfolio for the purpose of effecting certain commodity-linked investments consistent with its investment objectives. The Fund may invest in commodity-linked derivative instruments including options, futures and swaps. The Fund may also invest in debt securities, some of which are intended to serve as margin or collateral for the Fund’s derivative positions.
Under the Articles of Association, shares issued by the Fund give the Commodity Portfolio, as the sole shareholder, the right to receive notice of, to attend, and to vote at general meetings of the Fund, the right to participate in the profits of the Fund and rights to the assets of the Fund in the event that they are liquidated.
The HC Commodity Related Securities Fund, Ltd. subsidiary represented 1.62% of the Commodity Portfolio’s net assets as of December 31, 2019.
O. Recent Accounting Pronouncements. In March 2017, the FASB issued Accounting Standards UpdateNo. 2017-08 (“ASU2017-08”), “Receivables-Nonrefundable Fees and Other Costs (Subtopic310-20): Premium Amortization on Purchased Callable Debt Securities.” ASU2017-08 changed the amortization period for certain callable debt securities held at a premium. Specifically, it required the premium to be amortized to the earliest call date. The Portfolios have adopted and applied ASU2017-08 on a modified retrospective basis through a cumulative-effect adjustment
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Notes to Financial Statements (continued) — December 31, 2019 (Unaudited)
as of July 1, 2019. The adoption of ASU2017-08 did not have a significant impact on the amortized cost of investments as of July 1, 2019, and had no impact on beginning net assets, the current period results from operations, or any prior period information presented in the financial statements.
3. INVESTMENT ADVISORY AND ADMINISTRATIVE CONTRACTS. The Trust has entered into investment advisory contracts (“Portfolio Management Contracts”) on behalf of each of the Portfolios with one or more investment management organizations (each, a “Specialist Manager”). For the Portfolio(s) it serves, each Specialist Manager is responsible for providing a continuous program of investment management for that portion of the Portfolio allocated to it and for placing all orders for the purchase and sale of securities and other instruments for such portion of the Portfolio. Except as noted, each Specialist Manager earns a fee, accrued daily and paid either monthly or quarterly, based on average daily net assets of that portion of the Portfolio managed.
For the period ended December 31, 2019, the Portfolios incurred the following investment advisory fees, before any applicable fee waivers, with respect to the services of the indicated Specialist Manager(s). The following annual fee rates are applied to the portions of the Portfolios that are managed by the Specialist Managers in determining amounts earned, except as footnoted.
Value Portfolio:
Specialist Manager | Amount Earned (000) | Fee | ||||||
Cadence Capital Management, LLC | $ | — | 0.075 | %(a)(c) | ||||
Echo Street Capital Management, LLC | 0.56 | %^(b)(c) | ||||||
Frontier Capital Management Company, LLC | 0.45 | %^(c)(d) | ||||||
Mellon Investments Corporation (Index Strategy) | — | 0.04 | %(c)(e) | |||||
Mellon Investments Corporation (Factor Strategy) | — | 0.065 | %(c)(e) | |||||
Mellon Investments Corporation (U.S. Multi-Factor Strategy) | — | 0.08 | %(c)(e) | |||||
Parametric Portfolio Associates, LLC (Liquidity Strategy) | 13 | 0.18 | %(f) | |||||
Parametric Portfolio Associates, LLC (Defensive Strategy) | — | 0.35 | %(c)(g) | |||||
Parametric Portfolio Associates, LLC (Targeted Strategy) | — | 0.05 | %(c)(h) | |||||
Parametric Portfolio Associates, LLC(Tax-Managed Custom Strategy) | 244 | 0.08 | %(i) | |||||
|
|
|
| |||||
Total | $ | 257 | 0.09 | % | ||||
|
|
|
|
Institutional Value Portfolio:
Specialist Manager | Amount Earned (000) | Fee | ||||||
Cadence Capital Management, LLC | $ | — | 0.075 | %(a)(c) | ||||
Mellon Investments Corporation (Index Strategy) | 231 | 0.04 | %(e) | |||||
Mellon Investments Corporation (Factor Strategy) | — | 0.065 | %(c)(e) | |||||
Mellon Investments Corporation (U.S. Multi-Factor Strategy) | — | 0.08 | %(c)(e) | |||||
Pacific Investment Management Company, LLC | 195 | 0.18 | %(j) | |||||
Pacific Investment Management Company, LLC | — | 0.25 | %(c) | |||||
Parametric Portfolio Associates, LLC (Liquidity Strategy) | 34 | 0.10 | %(f) | |||||
Parametric Portfolio Associates, LLC (Defensive Strategy) | — | 0.35 | %(c)(g) | |||||
Parametric Portfolio Associates, LLC (Targeted Strategy) | — | 0.05 | %(c)(h) | |||||
|
|
|
| |||||
Total | $ | 460 | 0.06 | % | ||||
|
|
|
|
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Growth Portfolio:
Specialist Manager | Amount Earned (000) | Fee | ||||||
Cadence Capital Management, LLC | $ | — | 0.075 | %(a)(c) | ||||
Echo Street Capital Management, LLC | — | 0.56 | %^(b)(c) | |||||
Jennison Associates, LLC | 258 | 0.27 | %(k) | |||||
Mellon Investments Corporation (Index Strategy) | — | 0.04 | %(c)(e) | |||||
Mellon Investments Corporation (Factor Strategy) | — | 0.065 | %(c)(e) | |||||
Mellon Investments Corporation (U.S. Multi-Factor Strategy) | — | 0.08 | %(c)(e) | |||||
Parametric Portfolio Associates, LLC (Liquidity Strategy) | 10 | 0.21 | %(f) | |||||
Parametric Portfolio Associates, LLC (Defensive Strategy) | — | 0.35 | %(c)(g) | |||||
Parametric Portfolio Associates, LLC (Targeted Strategy) | — | 0.05 | %(c)(h) | |||||
Parametric Portfolio Associates, LLC(Tax-Managed Custom Strategy) | 253 | 0.08 | %(i) | |||||
|
|
|
| |||||
Total | $ | 521 | 0.13 | % | ||||
|
|
|
|
Institutional Growth Portfolio:
Specialist Manager | Amount Earned (000) | Fee | ||||||
Cadence Capital Management, LLC | $ | — | 0.08 | %(a)(c) | ||||
Echo Street Capital Management, LLC | — | 0.56 | %^(b)(c) | |||||
Frontier Capital Management Company, LLC | — | 0.45 | %^(c)(d) | |||||
Jennison Associates, LLC | 303 | 0.27 | %(k) | |||||
Mellon Investments Corporation (Index Strategy) | 191 | 0.04 | %(e) | |||||
Mellon Investments Corporation (Factor Strategy) | 75 | 0.065 | %(e) | |||||
Mellon Investments Corporation (U.S. Multi-Factor Strategy) | — | 0.08 | %(c)(e) | |||||
Pacific Investment Management Company, LLC | — | 0.18 | %(c)(j) | |||||
Pacific Investment Management Company, LLC | — | 0.25 | %(c) | |||||
Parametric Portfolio Associates, LLC (Liquidity Strategy) | 26 | 0.09 | %(f) | |||||
Parametric Portfolio Associates, LLC (Defensive Strategy) | — | 0.35 | %(c)(g) | |||||
Parametric Portfolio Associates, LLC (Targeted Strategy) | 4 | 0.24 | %(h) | |||||
Wellington Management Company, LLP | — | 0.75 | %^(c)(l) | |||||
|
|
|
| |||||
Total | $ | 599 | 0.08 | % | ||||
|
|
|
|
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SmallCap-Mid Cap Portfolio:
Specialist Manager | Amount Earned (000) | Fee | ||||||
Advisory Research, Inc. | $ | 29 | 0.85 | %(m) | ||||
Ariel Investments, LLC | 12 | 1.00 | %(n) | |||||
Cadence Capital Management, LLC | — | 0.075 | %(a)(c) | |||||
Frontier Capital Management Company, LLC | 88 | 0.45 | %(d) | |||||
Mellon Investments Corporation (Index Strategy) | — | 0.04 | %(c)(e) | |||||
Mellon Investments Corporation (Factor Strategy) | — | 0.065 | %(c)(e) | |||||
Pzena Investment Management, LLC | 13 | 1.00 | %(o) | |||||
Parametric Portfolio Associates, LLC (Liquidity Strategy) | 7 | 0.20 | %(f) | |||||
Parametric Portfolio Associates, LLC (Targeted Strategy) | — | 0.05 | %(c)(h) | |||||
Parametric Portfolio Associates, LLC(Tax-Managed Custom Strategy) | 15 | 0.080 | %(i) | |||||
|
|
|
| |||||
Total | $ | 164 | 0.35 | % | ||||
|
|
|
|
Institutional SmallCap-Mid Cap Portfolio:
Specialist Manager | Amount Earned (000) | Fee | ||||||
Advisory Research, Inc. | $ | 42 | 0.86 | %(m) | ||||
Ariel Investments, LLC | — | 1.00 | %(c)(n) | |||||
Cadence Capital Management, LLC | — | 0.075 | %(a)(c) | |||||
Frontier Capital Management Company, LLC | 89 | 0.45 | %(d) | |||||
Mellon Investments Corporation (Index Strategy) | 10 | 0.04 | %(e) | |||||
Mellon Investments Corporation (Factor Strategy) | — | 0.065 | %(c)(e) | |||||
Pzena Investment Management, LLC | 11 | 1.00 | %(o) | |||||
Parametric Portfolio Associates, LLC (Liquidity Strategy) | 17 | 0.09 | %(f) | |||||
Parametric Portfolio Associates, LLC (Targeted Strategy) | — | 0.05 | %(c)(h) | |||||
|
|
|
| |||||
Total | $ | 169 | 0.24 | % | ||||
|
|
|
|
Real Estate Portfolio:
Specialist Manager | Amount Earned (000) | Fee | ||||||
Cadence Capital Management, LLC | $ | — | 0.11 | %(c)(p) | ||||
Mellon Investments Corporation | — | 0.10 | %(c)(q) | |||||
Wellington Management Company, LLP | 307 | 0.70 | %(l) | |||||
Parametric Portfolio Associates, LLC (Liquidity Strategy) | 13 | 0.11 | %(f) | |||||
Parametric Portfolio Associates, LLC (Targeted Strategy) | — | 0.05 | %(c)(h) | |||||
|
|
|
| |||||
Total | $ | 320 | 0.58 | % | ||||
|
|
|
|
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Commodity Portfolio:
Specialist Manager | Amount Earned (000) | Fee | ||||||
Cadence Capital Management, LLC | $ | — | 0.11 | %(c)(p) | ||||
Mellon Investments Corporation | 59 | 0.10 | %(q) | |||||
Pacific Investment Management Company, LLC | — | 0.25 | %(c) | |||||
Vaughan Nelson Investment Management, L.P. | — | 0.30 | %(c)(r) | |||||
Wellington Management Company, LLP | — | 0.60 | %(c)(s) | |||||
Wellington Management Company, LLP (Commodity Futures Strategy) | 21 | 0.75 | % | |||||
Parametric Portfolio Associates, LLC (Liquidity Strategy) | 7 | 0.17 | %(f) | |||||
Parametric Portfolio Associates, LLC (Targeted Strategy) | — | 0.05 | %(c)(h) | |||||
Parametric Portfolio Associates, LLC(Tax-Managed Custom Strategy) | — | 0.08 | %(c)(i) | |||||
|
|
|
| |||||
Total | $ | 87 | 0.13 | % | ||||
|
|
|
|
ESG Growth Portfolio:
Specialist Manager | Amount Earned (000) | Fee | ||||||
Agincourt Capital Management, LLC | $ | — | 0.12 | %(c) | ||||
Mellon Investments Corporation | 115 | 0.16 | %(t) | |||||
Parametric Portfolio Associates, LLC (Liquidity Strategy) | 8 | 0.20 | %(f) | |||||
Parametric Portfolio Associates, LLC (Targeted Strategy) | — | 0.05 | %(c)(h) | |||||
RBC Global Asset Management (U.K.) Limited | — | 0.55 | %^(c) | |||||
|
|
|
| |||||
Total | $ | 123 | 0.16 | % | ||||
|
|
|
|
Catholic SRI Growth Portfolio
Specialist Manager | Amount Earned (000) | Fee | ||||||
Agincourt Capital Management, LLC | $ | — | 0.12 | %(c) | ||||
Mellon Investments Corporation | 41 | 0.15 | %(t) | |||||
Parametric Portfolio Associates, LLC (Liquidity Strategy) | — | 0.15 | %(c)(f) | |||||
Parametric Portfolio Associates, LLC (Targeted Strategy) | — | 0.05 | %(c)(h) | |||||
|
|
|
| |||||
Total | $ | 41 | 0.15 | % | ||||
|
|
|
|
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International Portfolio:
Specialist Manager | Amount Earned (000) | Fee | ||||||
Artisan Partners Limited Partnership | $ | 623 | 0.62 | %(u) | ||||
Cadence Capital Management, LLC (Emerging Markets Strategy) | — | 0.15 | %(c)(v) | |||||
Cadence Capital Management, LLC (Developed Markets Strategy) | 173 | 0.11 | %(w) | |||||
Causeway Capital Management, LLC | 528 | 0.45 | %** | |||||
City of London Investment Management Company, Ltd. | — | 0.62 | %(c)(x) | |||||
Mellon Investments Corporation (Developed Markets Strategy) | — | 0.10 | %(c)(y) | |||||
Mellon Investments Corporation (Emerging Markets Strategy) | — | 0.13 | %(c)(z) | |||||
Parametric Portfolio Associates, LLC (Liquidity Strategy) | 33 | 0.96 | %(f) | |||||
Parametric Portfolio Associates, LLC (Targeted Strategy) | — | 0.05 | %(c)(h) | |||||
Parametric Portfolio Associates, LLC(Tax-Managed Custom Strategy) | 59 | 0.84 | %(i) | |||||
|
|
|
| |||||
Total | $ | 1,416 | 0.32 | % | ||||
|
|
|
|
Institutional International Portfolio:
Specialist Manager | Amount Earned (000) | Fee | ||||||
Artisan Partners Limited Partnership | $ | 783 | 0.62 | %(u) | ||||
Cadence Capital Management, LLC (Emerging Markets Strategy) | — | 0.13 | %(c)(v) | |||||
Cadence Capital Management, LLC (Developed Markets Strategy) | 430 | 0.13 | %(w) | |||||
Causeway Capital Management, LLC | 659 | 0.45 | % | |||||
City of London Investment Management Company, Ltd. | 285 | 0.62 | %(x) | |||||
Lazard Asset Management LLC | 496 | 0.36 | %(aa) | |||||
Mellon Investments Corporation (Developed Markets Strategy) | — | 0.10 | %(c)(y) | |||||
Mellon Investments Corporation (Emerging Markets Strategy) | — | 0.13 | %(c)(z) | |||||
Parametric Portfolio Associates, LLC (Liquidity Strategy) | 76 | 0.07 | %(f) | |||||
Parametric Portfolio Associates, LLC (Targeted Strategy) | — | 0.05 | %(c)(h) | |||||
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| |||||
Total | $ | 2,729 | 0.30 | % | ||||
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Emerging Markets Portfolio:
Specialist Manager | Amount Earned (000) | Fee | ||||||
Cadence Capital Management, LLC | $ | — | 0.13 | %(c)(v) | ||||
City of London Investment Management Company, Ltd. | — | 1.00 | %(c)(bb) | |||||
Mellon Investments Corporation | 619 | 0.13 | %(z) | |||||
RBC Global Asset Management (U.K.) Limited | 1,060 | 0.69 | %(cc) | |||||
Parametric Portfolio Associates, LLC (Liquidity Strategy) | 37 | 0.08 | %(f) | |||||
Parametric Portfolio Associates, LLC (Targeted Strategy) | — | 0.05 | %(c)(h) | |||||
Parametric Portfolio Associates, LLC(Tax-Managed Custom Strategy) | — | 0.08 | %(c)(i) | |||||
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| |||||
Total | $ | 1,716 | 0.25 | % | ||||
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|
276
HC CAPITAL TRUST
Notes to Financial Statements (continued) — December 31, 2019 (Unaudited)
Core Fixed Income Portfolio:
Specialist Manager | Amount Earned (000) | Fee | ||||||
Agincourt Capital Management, LLC | $ | 11 | 0.08 | % | ||||
Mellon Investments Corporation (Mortgage and Asset-Backed Strategy) | 11 | 0.06 | % | |||||
Mellon Investments Corporation (Corporate Strategy) | — | 0.15 | %(c) | |||||
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|
| |||||
Total | $ | 22 | 0.07 | % | ||||
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|
Fixed Opportunity Portfolio:
Specialist Manager | Amount Earned (000) | Fee | ||||||
Fort Washington Investment Advisors, Inc. | $ | 310 | 0.20 | %†(dd) | ||||
City of London Investment Management Company, Ltd. | — | 0.45 | %(c) | |||||
Mellon Investments Corporation | — | 0.25 | %(c) | |||||
Western Asset Management Company, Ltd. | 451 | 0.75 | % | |||||
Parametric Portfolio Associates, LLC (Liquidity Strategy) | 49 | 0.07 | %(f) | |||||
Parametric Portfolio Associates, LLC (Targeted Strategy) | 2 | 16.20 | %(c)(h) | |||||
|
|
|
| |||||
Total | $ | 812 | 0.29 | % | ||||
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|
|
|
U.S. Government Fixed Income Portfolio:
Specialist Manager | Amount Earned (000) | Fee | ||||||
Mellon Investments Corporation | $ | 92 | 0.06 | % | ||||
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|
|
Inflation Protected Portfolio:
Specialist Manager | Amount Earned (000) | Fee | ||||||
Mellon Investments Corporation | $ | 69 | 0.04 | %(ee) | ||||
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|
|
|
U.S. Corporate Fixed Income Portfolio:
Specialist Manager | Amount Earned (000) | Fee | ||||||
Agincourt Capital Management, LLC | $ | 123 | 0.08 | % | ||||
Mellon Investments Corporation | — | 0.15 | %(c) | |||||
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|
| |||||
Total | $ | 123 | 0.08 | % | ||||
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277
HC CAPITAL TRUST
Notes to Financial Statements (continued) — December 31, 2019 (Unaudited)
U.S. Mortgage/Asset Backed Fixed Income Portfolio:
Specialist Manager | Amount Earned (000) | Fee | ||||||
Mellon Investments Corporation | $ | 63 | 0.06 | % | ||||
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|
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Short-Term Municipal Portfolio:
Specialist Manager | Amount Earned (000) | Fee | ||||||
Breckinridge Capital Advisors, Inc. | $ | 68 | 0.125 | % | ||||
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Intermediate Municipal Portfolio:
Specialist Manager | Amount Earned (000) | Fee | ||||||
Mellon Investments Corporation | $ | 301 | 0.17 | %(ff) | ||||
City of London Investment Management Company, Ltd. | 70 | 0.45 | %† | |||||
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|
|
| |||||
Total | $ | 371 | 0.19 | % | ||||
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Intermediate Municipal II Portfolio:
Specialist Manager | Amount Earned (000) | Fee | ||||||
Breckinridge Capital Advisors, Inc. | $ | 47 | 0.125 | % | ||||
City of London Investment Management Company, Ltd. | — | 0.45 | %(c) | |||||
|
|
|
| |||||
Total | $ | 47 | 0.125 | % | ||||
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^ | Approved by the Board on December 10, 2019 but not yet implemented as of December 31, 2019. See Note 8 in the Notes to Financial Statements for shareholder vote results for further information. |
† | As of December 31, 2019, no assets were allocated. |
** | Specialist Manager was terminated on December 31, 2019. |
(a) | Cadence Capital Management, LLC (“Cadence”) receives a fee, which shall be calculated daily and payable monthly in arrears. For so long as Combined Assets (as defined below) are greater than $2 billion, the fee shall be at the annual rate of 0.065% of the average daily net assets of that portion of the Portfolio managed by Cadence. If the Combined Assets are reduced to $2 billion or less due to redemptions, the fee shall be calculated at the annual rate of 0.075% beginning in the following calendar year. |
“Combined Assets” shall mean the sum of: the net assets managed by Cadence in the Value Portfolio, Institutional Value Portfolio, Growth Portfolio, Institutional Growth Portfolio, SmallCap-Mid Cap Portfolio, Institutional SmallCap-Mid Cap Portfolio, Real Estate Portfolio, Commodity Portfolio, Institutional International Portfolio, Emerging Markets Portfolio, and the net assets managed by Cadence using these strategies in other investment advisory accounts for which HC Capital Solutions or certain of its affiliates serves as investment adviser.
(b) | Echo Street Capital Management, LLC (“Echo Street”) receives a fee based on the average daily net assets, payable monthly, of that portion of assets managed by it, at the annual rate of 0.75% of the first $50 million of Combined Assets (as defined below); 0.60% of the next $50 million of Combined Assets; 0.50% of the next $100 million of Combined Assets; and 0.45% of Combined Assets in excess of $200 million. |
“Combined Assets” shall mean the sum of: the net assets of each portion of the Value Portfolio, Growth Portfolio, and Institutional Growth Portfolio allocated to Echo Street.
(c) | Specialist Manager approved by the Board but a strategy to which no assets were allocated during the period ended December 31, 2019. |
278
HC CAPITAL TRUST
Notes to Financial Statements (continued) — December 31, 2019 (Unaudited)
(d) | Frontier Capital Management Company, LLC (“Frontier”) receives a fee based on the average daily net assets of that portion of assets managed by it, at an annual rate of 0.45% on the first $90 million of the Combined Assets (as defined below) and 0.75% of Combined Assets exceeding $90 million. |
“Combined Assets” shall mean the sum of: the net assets of that portion managed by Frontier in the Value Portfolio, Institutional Growth Portfolio, SmallCap-Mid Cap Portfolio, Institutional SmallCap-Mid Cap Portfolio, and the net assets invested in the same strategy as the Portfolios that are managed by Frontier for certain other clients of the Trust’s primary adviser.
(e) | Mellon Investments Corporation (“Mellon”) receives a fee for assets allocated to an Index Strategy, for so long as the Combined Assets (as defined below) are greater than $2 billion, the fee shall be at the annual rate of 0.04% of the average daily net assets of the Account. If the Combined Assets are reduced to $2 billion or less due to withdrawals or redemptions, beginning with the start of the first calendar year following the date on which such withdrawals or redemptions reduced such Combined Assets to $2 billion or less, the fee shall be calculated based on average daily net assets of the Account at annual rate of 0.065%. Index Strategy shall mean a portfolio wherein the Portfolio Manager seeks to approximate, over the long term, the performance of a specific market index. |
For assets allocated to a Factor Strategy, for so long as the Combined Assets are greater than $2 billion, the fee shall be at the annual rate of 0.065% of the average daily net assets of the Account. If the Combined Assets are reduced to $2 billion or less due to withdrawals or redemptions, beginning with the start of the first calendar year following the date on which such withdrawal or redemption reduced such Combined Assets to $2 billion or less, the fee shall be calculated based on average daily net assets of the Account at annual rate of 0.075%. Factor Strategy shall mean a portfolio wherein the Portfolio Manager seeks to implement a strategy developed by Hirtle Callaghan & Co. or an affiliate with the objective of obtaining exposure to one or more factors such as value or quality within the U.S. equity markets.
For assets allocated to a U.S. Multi-Factor Strategy, for so long as the Combined Assets are greater than $2 billion, the fee shall be at the annual rate of 0.08% of the average daily net assets of the Account. If the Combined Assets are reduced to $2 billion or less due to withdrawals or redemptions, beginning with the start of the first calendar year following the date on which such withdrawal or redemption reduced such Combined Assets to $2 billion or less, the fee shall be calculated based on average daily net assets of the Account at annual rate of 0.10%. U.S. Multi-Factor Strategy shall mean a portfolio wherein the Portfolio Manager seeks to implement a proprietary strategy developed by the Portfolio Manager that seeks to obtain a targeted exposure to multi-factor equity model factors such as value, momentum, and low volatility within the U.S. equity markets.
“Combined Assets” shall mean the sum of: the net assets managed by Mellon in the Value Portfolio, Institutional Value Portfolio, Growth Portfolio, Institutional Growth Portfolio, SmallCap-Mid Cap Portfolio, Institutional SmallCap-Mid Cap Portfolio, Real Estate Portfolio, Commodity Portfolio, International Portfolio, Institutional International Portfolio, Emerging Markets Portfolio, and the net assets managed by Mellon using these strategies in other investment advisory accounts for which HC Capital Solutions serves as investment adviser.
(f) | With respect to its Liquidity Strategy, Parametric Portfolio Associates, LLC (“Parametric”), a subsidiary of Eaton Vance Corporation, receives a fee, which shall be calculated daily and payable monthly in arrears, at an annual rate of 0.15% of the first $50 million of the Combined Liquidity Assets (as defined below); 0.10% of the next $100 million of Combined Liquidity Assets; and 0.05% of Combined Liquidity Assets over $150 million. Parametric is also entitled to receive a flat fee of $10,000 per year for each Portfolio. One Twelfth of such fee will be waived with respect to each calendar month during which no Portfolio assets were allocated to the Liquidity Strategy in that Portfolio. |
“Combined Liquidity Assets” shall mean the sum of: the net assets of that portion of each Portfolio managed by Parametric for investment in its Liquidity Strategy.
(g) | With respect to its Defensive Strategy, Parametric receives a fee, which shall be calculated daily and payable monthly in arrears, at an annual rate of 0.35% of the first $50 million of the Combined Defensive Assets (as defined below) and 0.25% of Combined Defensive Assets over $50 million. |
“Combined Defensive Assets” shall mean the sum of: the net assets of that portion of the Value Portfolio, Institutional Value Portfolio, Growth Portfolio, and Institutional Growth Portfolio managed by Parametric for investment in its Defensive Strategy.
(h) | With respect to its Targeted Strategy, Parametric receives a fee, which shall be calculated daily and payable in arrears at the rate of 0.05%. Parametric is also entitled to receive a flat fee of $5,000 per year for each Portfolio, provided that such fee will be waived with respect to each calendar year during which no Portfolio assets were allocated to the Targeted Strategy in that Portfolio. |
(i) | With respect to itsTax-Managed Custom Strategy, Parametric receives a fee, which shall be calculated daily and payable in arrears at the annual rate of 0.10% of the first $250 million of the CombinedTax-Managed Custom Strategy Assets (as defined below); 0.09% of the next $250 million of the CombinedTax-Managed Custom Strategy Assets; 0.08% of the next $500 million of the CombinedTax-Managed Custom Strategy Assets; and 0.07% of the CombinedTax-Managed Custom Strategy Assets over $1 billion. |
“CombinedTax-Managed Custom Strategy Assets” shall mean the sum of: the net assets of that portion of each of the other Portfolios of the Trust allocated to Parametric from time to time for investment in theirTax-Management Custom Core Strategy.
(j) | For its services with respect to the RAFI U.S. Multi-Factor Strategy, Pacific Investment Management Company, LLC (“PIMCO”) receives an annual fee from each Portfolio at the annual rate of 0.175% of the first $600 million of the Combined RAFI U.S. Multi-Factor Strategy Assets (as defined below); 0.15% on the next $700 million of Combined RAFI U.S. Multi-Factor Strategy Assets; and 0.125% on Combined RAFI U.S. Multi-Factor Strategy Assets over $1.3 billion. Should these assets not reach or fall below $600 million, PIMCO’s fee will be calculated at an annual rate of 0.20%; prior to December 19, 2019, the fee for the minimum asset requirement was contractually reduced to 0.175% of each Portfolio’s average daily net assets of the Account. Fees are payable monthly in arrears and are computed based on the combined market value of the Combined Assets as reported on the custodian’s statement at the end of the billing period. |
Combined RAFI U.S. Multi-Factor Strategy Assets shall mean the sum of: the net assets of the Institutional Value Portfolio managed by PIMCO and the net assets of the Institutional Growth Portfolio managed by PIMCO using the PIMCO RAFI Dynamic Multi-Factor U.S. Equity Strategy.
PIMCO utilizes the services of Parametric as an accountsub-advisor to assist with the implementation of the Account’s investment strategy. Parametric receives a fee for these services paid by PIMCO.
279
HC CAPITAL TRUST
Notes to Financial Statements (continued) — December 31, 2019 (Unaudited)
(k) | Jennison Associates LLC (“Jennison”) is entitled to receive an annual fee of no more than 0.30% of average daily net assets of that portion of the Growth Portfolio and Institutional Growth Portfolio allocated to Jennison (the “Jennison Accounts”). While the rate at which Jennison’s fee for managing the Portfolios will not exceed 0.30%, the fee may decrease based on the aggregate market value of the Jennison Accounts and certain other assets managed by Jennison (which may pay fees exceeding 0.30%) for the benefit of certain investors who are clients of the Trust’s primary adviser at the following annual rates: |
— 0.75% on the first $10 million;
— 0.50% on the next $30 million;
— 0.35% on the next $25 million;
— 0.25% on the next $335 million;
— 0.22% on the next $600 million;
— 0.20% on the next $4 billion; and
— 0.25% on the balance
(l) | Wellington Management Company, LLP (“Wellington”) receives a fee, which shall be payable monthly in arrears of 0.75% of the average daily net assets of the first $50 million of the Combined Assets (as defined below). On Combined Assets over $50 million, the fee shall be at the annual rate of 0.65% of the Combined Assets. |
“Combined Assets” shall mean the sum of: the net assets of the Institutional Growth Portfolio, Real Estate Portfolio, and assets in the same investment strategy as the Portfolio that are managed by Wellington for certain other clients of the Trust’s primary adviser.
(m) | Advisory Research, Inc.’s Portfolio Management Agreement was terminated on September 30, 2019. |
(n) | For its services to the SmallCap-Mid Cap Portfolio and the Institutional SmallCap-Mid Cap Portfolio, Ariel Investments, LLC (“Ariel”) received an annual fee, calculated daily and payable quarterly, in arrears, based on the Combined Assets (as defined below), in accordance with the following schedule: 1.00% of the first $10 million of Combined Assets, 0.75% of the next $10 million of Combined Assets, and 0.50% of Combined Assets exceeding $20 million. |
“Combined Assets” shall mean the sum of: the net assets managed by Ariel in the SmallCap-Mid Cap Portfolio, the Institutional SmallCap-Mid Cap Portfolio and the net assets invested in the same strategy as the Portfolios that are managed by Ariel for certain other clients of the Trust’s primary adviser or certain of its affiliates.
Ariel’s Portfolio Management Agreement terminated on September 30, 2019.
(o) | Pzena Investment Management, LLC’s Portfolio Management Agreement was terminated on September 30, 2019. |
(p) | Cadence receives a fee, which shall be calculated daily and payable monthly in arrears. For so long as the Combined Assets (as defined below) are greater than $2 billion, the fee shall be at the annual rate of 0.10% of the average daily net assets of that portion of the Portfolio managed by Cadence. If the Combined Assets are reduced to $2 billion or less due to redemptions, the fee shall be calculated at the annual rate of 0.11% beginning in the following calendar year. |
“Combined Assets” shall mean the sum of: the net assets managed by Cadence in the Value Portfolio, Institutional Value Portfolio, Growth Portfolio, Institutional Growth Portfolio, SmallCap-Mid Cap Portfolio, Institutional SmallCap-Mid Cap Portfolio, Real Estate Portfolio, Commodity Portfolio, Institutional International Portfolio, Emerging Markets Portfolio, and the net assets managed by Cadence in other investment advisory accounts for which HC Capital Solutions or certain of its affiliates serves as investment adviser.
Cadence’s Portfolio Management Agreement was terminated in the International Portfolio on December 31, 2019.
(q) | Mellon receives a fee, which shall be calculated daily and payable monthly in arrears. For so long as the Combined Assets (as defined below) are greater than $2 billion, the fee shall be at the annual rate of 0.10% of the average daily net assets of that portion of the Portfolio managed by Mellon. If the Combined Assets are reduced to $2 billion or less due to redemptions, the fee shall be calculated at the annual rate of 0.11% beginning in the following calendar year. |
“Combined Assets” shall mean the sum of: the net assets managed by Mellon in the Value Portfolio, Institutional Value Portfolio, Growth Portfolio, Institutional Growth Portfolio, SmallCap-Mid Cap Portfolio, Institutional SmallCap-Mid Cap Portfolio, Real Estate Portfolio, Commodity Portfolio, International Portfolio, Institutional International Portfolio, Emerging Markets Portfolio, and the net assets managed by Mellon in other investment advisory accounts for which HC Capital Solutions or certain of its affiliates serves as investment adviser.
(r) | Vaughan Nelson Investment Management, L.P. (“Vaughan Nelson”) received a fee, which was calculated daily and payable quarterly, at the annual rate of 0.35% of the first $25 million of the Combined Assets (as defined below), 0.25% of the next $75 million of Combined Assets, and 0.20% of Combined Assets exceeding $100 million. |
“Combined Assets” shall mean the sum of: the net assets of the Commodity Portfolio and the net assets managed by Vaughan Nelson in other investment advisory accounts for which HC Capital Solutions serves as investment adviser.
(s) | With respect to its Global National Resources Strategy (“GNRS”), Wellington received a fee, which was payable monthly in arrears at the annual rate of 0.60% of the average daily net assets of the GNRS account, so long as at least $150 million in assets were present in the GNRS and 0.85% if less than $150 million in assets were present in the GNRS. |
Wellington’s GNRS Portfolio Management Agreement terminated on December 31, 2019.
280
HC CAPITAL TRUST
Notes to Financial Statements (continued) — December 31, 2019 (Unaudited)
(t) | Mellon receives a fee of 0.10% of the average daily net assets of the portion of the assets of each ESG Growth and Catholic SRI Growth managed by it. Prior to December 11, 2019, Mellon received a fee of 0.16%, however, this fee was being voluntarily waived to 0.10% of the average daily net assets of that portion of the Account. |
(u) | Artisan Partners Limited Partnership (“Artisan”) receives a fee, which shall be payable monthly in arrears. For so long as the Combined Assets (as defined below) are greater than $500 million, the fee shall be at the annual rate of 0.47% of the average daily net assets of the Portfolios. If the Combined Assets are reduced to $500 million or less, the fee shall be calculated based on average daily net assets of the Portfolios at the following annual rates: |
— 0.80% on assets up to $50 million; and
— 0.60% on assets in excess of $50 million
“Combined Assets” shall mean the sum of: the net assets of the International Portfolio managed by Artisan and the net assets of the Institutional International Portfolio managed by Artisan.
(v) | With respect to the emerging markets portion of the Portfolio managed by Cadence, Cadence receives a fee, which shall be calculated daily and payable monthly in arrears. For so long as the Combined Assets (as defined below) are greater than $2 billion, the fee shall be at the annual rate of 0.13% of the average daily net assets of that portion of the Portfolio. If the Combined Assets are reduced to $2 billion or less due to redemptions, the fee shall be calculated at the annual rate of 0.15% beginning in the following calendar year. |
“Combined Assets” shall mean the sum of: the net assets managed by Cadence in the Value Portfolio, Institutional Value Portfolio, Growth Portfolio, Institutional Growth Portfolio, SmallCap-Mid Cap Portfolio, Institutional SmallCap-Mid Cap Portfolio, Real Estate Portfolio, Commodity Portfolio, Institutional International Portfolio, Emerging Markets Portfolio, and the net assets managed by Cadence in other investment advisory accounts for which HC Capital Solutions or certain of its affiliates serves as investment adviser.
Cadence was terminated in the International Equity Portfolio effective December 31, 2019.
(w) | With respect to the developed markets portion of the Portfolio managed by Cadence, Cadence receives a fee, which shall be calculated daily and payable monthly in arrears. For so long as the Combined Assets (as defined below) are greater than $2 billion, the fee shall be at the annual rate of 0.10% of the average daily net assets of that portion of the Portfolio. If the Combined Assets are reduced to $2 billion or less due to redemptions, the fee shall be calculated at the annual rate of 0.11% beginning in the following calendar year. |
“Combined Assets” shall mean the sum of: the net assets managed by Cadence in the Value Portfolio, Institutional Value Portfolio, Growth Portfolio, Institutional Growth Portfolio, SmallCap-Mid Cap Portfolio, Institutional SmallCap-Mid Cap Portfolio, Real Estate Portfolio, Commodity Portfolio, International Portfolio, Institutional International Portfolio, Emerging Markets Portfolio, and the net assets managed by Cadence in other investment advisory accounts for which HC Capital Solutions or certain of its affiliates serves as investment adviser.
Cadence was terminated in the International Equity Portfolio effective December 31, 2019.
(x) | City of London Investment Management Company, Ltd. (“CLIM”) receives a fee, which shall be calculated daily and payable monthly in arrears at the annual rate of 0.80% of the first $50 million of the Combined Assets (as defined below) and 0.40% of the Combined assets exceeding $50 million. |
“Combined Assets” shall mean the sum of: the net assets managed by CLIM in the Portfolio and the net assets invested in the same strategy as the Portfolio that are managed by CLIM for certain other clients of the Trust’s primary adviser.
(y) | With respect to the developed markets portion of the Portfolio managed by Mellon, Mellon receives a fee, which shall be calculated daily and payable monthly in arrears. For so long as the Combined Assets (as defined below) are greater than $2 billion, the fee shall be at the annual rate of 0.10% of the average daily net assets of that portion of the Portfolio. If the Combined Assets are reduced to $2 billion or less due to redemptions, the fee shall be calculated at the annual rate of 0.11% beginning in the following calendar year. |
“Combined Assets” shall mean the sum of: the net assets managed by Mellon in the Value Portfolio, Institutional Value Portfolio, Growth Portfolio, Institutional Growth Portfolio, SmallCap-Mid Cap Portfolio, Institutional SmallCap-Mid Cap Portfolio, Real Estate Portfolio, Commodity Portfolio, International Portfolio, Institutional International Portfolio, Emerging Markets Portfolio, and the net assets managed by Mellon in other investment advisory accounts for which HC Capital Solutions or certain of its affiliates serves as investment adviser.
(z) | With respect to the emerging markets portion of the Portfolio managed by Mellon, Mellon receives a fee, which shall be calculated daily and payable monthly in arrears. For so long as the Combined Assets (as defined below) are greater than $2 billion, the fee shall be at the annual rate of 0.13% of the average daily net assets of that portion of the Portfolio. If the Combined Assets are reduced to $2 billion or less due to redemptions, the fee shall be calculated at the annual rate of 0.15% beginning in the following calendar year. |
“Combined Assets” shall mean the sum of: the net assets managed by Mellon in the Value Portfolio, Institutional Value Portfolio, Growth Portfolio, Institutional Growth Portfolio, SmallCap-Mid Cap Portfolio, Institutional SmallCap-Mid Cap Portfolio, Real Estate Portfolio, Commodity Portfolio, International Portfolio, Institutional International Portfolio, Emerging Markets Portfolio, and the net assets managed by Mellon in other investment advisory accounts for which HC Capital Solutions or one of its affiliates serves as investment adviser.
(aa) | Lazard Asset Management, LLC (“Lazard”) receives a fee, which shall be payable monthly in arrears at the annual rate of 0.40% of the average daily net assets of the first $75 million and 0.35% of the average daily net assets exceeding $75 million of that portion of the Portfolio managed by Lazard. |
(bb) | CLIM receives a fee, which shall be calculated daily and payable quarterly in arrears at the annual rate of 1.00% of the first $100 million of the Combined Assets (as defined below); 0.80% of the next $100 million of Combined Assets; and 0.50% of Combined Assets exceeding $200 million. |
“Combined Assets” shall mean the sum of: the net assets managed by CLIM in the Portfolio and the net assets invested in the same strategy as the Portfolio that are managed by CLIM for certain other clients of the Trust’s primary adviser.
281
HC CAPITAL TRUST
Notes to Financial Statements (continued) — December 31, 2019 (Unaudited)
(cc) | RBC Global Asset Management (U.K.) Limited receives a fee, which shall be payable quarterly in arrears at the annual rate of 0.80% of the first $100 million of the Combined Assets (as defined below); 0.65% of the next $150 million of Combined Assets; and 0.60% of Combined Assets in excess of $250 million. |
“Combined Assets” shall mean the sum of: (i) the net assets of the Account; and (ii) the net assets of each other investment advisory account for which Hirtle Callaghan & Co. serves as investment adviser and for which Portfolio Manager provides portfolio management services (“Other Hirtle Accounts”) using the same strategies as employed for the Account.
(dd) | Fort Washington Investment Advisors, Inc. (“Fort Washington”) receives a fee, which shall be payable quarterly in arrears. For so long as the Combined Assets (as defined below) are greater than $200 million, the fee shall be at the annual rate of 0.20% of the Combined Assets. If the Combined Assets are reduced to $200 million or less due to withdrawals or redemptions, beginning with the first calendar quarter following the date of such withdrawals or redemptions, the fee shall be based on 0.40% of the Combined Assets of the first $25 million, 0.375% of the Combined Assets of the next $25 million, 0.3375% of the Combined Assets of the next $50 million, 0.25% of the Combined Assets of the next $100 million, and 0.20% of the Combined Assets exceeding $200 million. |
“Combined Assets” shall mean the sum of: the net assets managed by Fort Washington in the Portfolio and the net assets invested in the same strategy as the Portfolio that are managed by Fort Washington for the benefit of certain investors who are clients of the Trust’s primary adviser.
(ee) | Mellon receives a fee, which shall be payable monthly in arrears, at the annual rate of 0.04% of the average daily net assets invested according to a domestic inflation-protected securities strategy; 0.07% of the average daily net assets invested according to a global inflation-protected securities strategy; and 0.13% of the average daily net assets invested according to an emerging-markets inflation-protected securities strategy. |
(ff) | Mellon receives a fee, which shall be calculated daily and payable quarterly, at an annual rate of 0.25% for the first $100 million of the Combined Assets (as defined below) and 0.15% of the Combined Assets exceeding $100 million. Mellon is entitled to receive a fee at an annual rate not to exceed 0.20% of the Combined Assets. |
“Combined Assets” shall mean the sum of: the net assets managed by Mellon in the Portfolio and the net assets invested in the same strategy as the Portfolio that are managed by Mellon for the benefit of certain investors who are clients of the Trust’s primary adviser.
Pursuant to discretionary investment advisory agreements between the Trust and the Adviser, the Adviser is paid a fee which is accrued daily and paid monthly at an annual rate of 0.05% of average daily net assets per Portfolio. The fees that the Adviser receives are listed as “Management fees” on the Statements of Operations. The Adviser continuously monitors the performance of various investment management organizations, including the Specialist Managers retained by the Trust, and generally oversees the services provided to the Trust by its administrator, custodian and other service providers. The Adviser is also authorized to allocate and reallocate assets among Specialist Managers in multi-manager portfolios of the Trust from time to time without additional authorization of the Board. In addition, the Adviser makes its officers available to serve as officers and/or Trustees of the Trust, and maintains office space sufficient for the Trust’s principal office. The Securities and Exchange Commission has issued an order that permits the Trust to enter into portfolio management agreements with Specialist Managers upon the approval of the Board but without submitting such contracts for the approval of the shareholders of the relevant Portfolio under certain circumstances.
Citi Fund Services Ohio, Inc. (“Citi”) provides the Portfolios with administrative and fund accounting services. The fees for these services are disclosed as “Administrative service fees” on the Statements of Operations. The fees are accrued daily and payable on a monthly basis at an annual rate of 0.0506% of the Trust’s Portfolios’ average daily net assets up to $6 billion; 0.0047% of the Trust’s Portfolios’ average daily net assets between $6 billion and $12 billion; and 0.0276% of average daily net assets in excess of $12 billion. Citi receives additional fees paid by the Trust for compliance services, regulatory reporting services and reimbursement of certain expenses.
FIS Investor Services LLC, a wholly-owned subsidiary of Fidelity National Information Services, provides dividend and capital gains disbursing agent and transfer agency services. The fees for these services are disclosed as “Transfer agency fees” on the Statements of Operations. The fees are accrued daily and payable on a monthly basis at an annual rate of 0.0034% of the Trust’s Portfolios’ average daily net assets up to $6 billion; 0.0003% of the Trust’s Portfolios’ average daily net assets between $6 billion and $12 billion; and 0.0019% of average daily net assets in excess of $12 billion.
The Trust has adopted a Distribution Plan for the HC Advisors Shares under which the Adviser may receive compensation for distribution services. Under the Distribution Plan, which was adopted pursuant to Rule12b-1 under the 1940 Act, the Adviser is entitled to receive a fee of up to 0.25% annually of the average daily net assets attributable to the HC Advisors Shares. The Adviser has voluntarily waived all fees associated with the Distribution Plan through December 31, 2019 and there is no current intention to collect such a fee in the future.
Ultimus Fund Distributors, LLC (“Ultimus”), an affiliated entity of Ultimus Fund Solutions LLC, provides certain distribution services to the Trust. Ultimus receives an annual fee of $50,000 for performing the services listed under its agreement with the Trust. None of Ultimus’s duties under its agreement are primarily intended to result in the sale of Trust shares.
282
HC CAPITAL TRUST
Notes to Financial Statements (continued) — December 31, 2019 (Unaudited)
Alaric Compliance Services, LLC (“Alaric”) provides an employee to serve as the Trust’s Chief Compliance Officer. Through December 31, 2019, Alaric received an annual fee of $160,000 for performing services listed under its agreement with the Trust. Beginning January 1, 2020, Alaric will be entitled to an annual fee of $164,000 for those services.
The Portfolios are permitted to purchase and sell securities (“cross trade”) from and to other Portfolios within the Trust pursuant to “Cross-Trading” Procedures adopted by the Trust’s Board of Trustees. These procedures have been designed to ensure that any cross trade of securities by the respective Portfolio from or to another Portfolio that is or could be considered an affiliate of the Portfolio under certain limited circumstances by virtue of having a common investment adviser, common Officer, or common Trustee complies with Rule17a-7 of the 1940 Act. As required by Rule17a-7, and as defined under these procedures, each cross trade is executed at the current market price. For the period ended December 31, 2019, the Portfolios did not engage in cross trades.
4. PURCHASE AND SALE TRANSACTIONS. The aggregate cost of purchases and proceeds from sales of investment securities, other than long-term U.S. government securities, TBA securities and short-term securities, for the period ended December 31, 2019 were as follows (amounts in thousands):
Portfolio | Purchases | Sales | ||||||
Value Portfolio | $ | 44,227 | $ | 65,160 | ||||
Institutional Value Portfolio | 372,333 | 137,463 | ||||||
Growth Portfolio | 108,980 | 174,671 | ||||||
Institutional Growth Portfolio | 231,837 | 378,325 | ||||||
Small Cap–Mid Cap Portfolio | 38,100 | 42,485 | ||||||
Institutional Small Cap–Mid Cap Portfolio | 13,686 | 61,428 | ||||||
Real Estate Portfolio | 15,629 | 59,256 | ||||||
Commodity Portfolio | 1,346 | 19,770 | ||||||
ESG Growth Portfolio | 6,212 | 8,834 | ||||||
Catholic SRI Growth Portfolio | 7,450 | 1,987 | ||||||
International Portfolio | 403,760 | 451,887 | ||||||
Institutional International Portfolio | 278,190 | 569,899 | ||||||
Emerging Markets Portfolio | 85,224 | 277,432 | ||||||
Core Fixed Income Portfolio | 5,694 | 6,756 | ||||||
Fixed Opportunity Portfolio | 88,901 | 558,340 | ||||||
U.S. Corporate Fixed Income Portfolio | 62,544 | 72,925 | ||||||
U.S. Mortgage/Asset Backed Fixed Income Portfolio | 505 | 689 | ||||||
Short-Term Municipal Portfolio | 16,490 | 10,569 | ||||||
Intermediate Municipal Portfolio | 114,492 | 118,414 | ||||||
Intermediate Municipal II Portfolio | 3,144 | 5,643 |
The aggregate cost of purchases and proceeds from sales of long-term U.S. government securities for the period ended December 31, 2019 were as follows (amounts in thousands):
Portfolio | Purchases | Sales | ||||||
Core Fixed Income Portfolio | $ | 5,074 | $ | 7,248 | ||||
Fixed Opportunity Portfolio | — | 30,720 | ||||||
U.S. Government Fixed Income Portfolio | 77,491 | 62,893 | ||||||
Inflation Protected Portfolio | 26,727 | 35,692 | ||||||
U.S. Mortgage/Asset Backed Fixed Income Portfolio | 26,967 | 27,772 |
5. FEDERAL INCOME TAXES. It is the policy of each Portfolio to continue to qualify as a regulated investment company by complying with the provisions available to certain investment companies, as defined in applicable sections of the Internal Revenue Code (the “Code”), and to make distributions of net investment income and net realized capital gains sufficient to relieve it (but not the shareholders) from all, or substantially all, federal income taxes. The Portfolios may, under certain circumstances, utilize equalization accounting for tax purposes by designating earnings and profits, including net realized gains distributed to shareholders on redemption of shares, as a part of the dividends paid deduction for income tax purposes.
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Notes to Financial Statements (continued) — December 31, 2019 (Unaudited)
The Trust has evaluated tax positions taken or expected to be taken in the course of preparing each Portfolio’s tax returns to determine whether it is more likely than not (i.e., greater than50-percent chance) that each tax position will be sustained upon examination by a tax authority based on the technical merits of the position. A tax position that meets themore-likely-than-not recognition threshold is measured to determine the amount of benefit to recognize in the financial statements. Differences between tax positions taken in a tax return and amounts recognized in the financial statements will generally result in an increase in a liability for taxes payable (or a reduction of a tax refund receivable), including the recognition of any related interest and penalties as an operating expense. Tax positions taken in tax years remain subject to examination by tax authorities (generally the last three tax year ends 2017 to 2019 and the interim tax period since then). The determination has been made that there are no uncertain tax positions that would require the Portfolios to record a tax liability and, therefore, there is no impact to the Portfolios’ financial statements. Furthermore, management of the Portfolios is not aware of any tax position for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next 12 months.
A. As of June 30, 2019 the cost basis of investments for federal income tax purposes, gross unrealized appreciation, gross unrealized depreciation and net unrealized appreciation/depreciation were as follows (amounts in thousands):
Portfolio | Tax Cost of Investments | Tax Unrealized Appreciation | Tax Unrealized (Depreciation) | Net Tax Unrealized Appreciation/ (Depreciation) | ||||||||||||
Value Portfolio | $ | 433,985 | $ | 151,075 | $ | (2,269 | ) | $ | 148,806 | |||||||
Institutional Value Portfolio | 1,364,292 | 150,555 | (42,317 | ) | 108,238 | |||||||||||
Growth Portfolio | 402,159 | 400,992 | (2,906 | ) | 398,086 | |||||||||||
Institutional Growth Portfolio | 1,159,028 | 384,115 | (16,995 | ) | 367,120 | |||||||||||
Small Cap Mid–Cap Portfolio | 71,819 | 29,185 | (5,496 | ) | 23,689 | |||||||||||
Institutional Small Cap–Mid Cap Portfolio | 126,391 | 35,392 | (13,743 | ) | 21,649 | |||||||||||
Real Estate Portfolio | 92,073 | 28,383 | (637 | ) | 27,746 | |||||||||||
ESG Growth Portfolio | 141,040 | 9,285 | (2,588 | ) | 6,697 | |||||||||||
Catholic SRI Growth Portfolio | 48,693 | 2,540 | (602 | ) | 1,938 | |||||||||||
International Portfolio | 779,138 | 149,817 | (48,032 | ) | 101,785 | |||||||||||
Institutional International Portfolio | 1,759,703 | 250,282 | (170,398 | ) | 79,884 | |||||||||||
Emerging Markets Portfolio | 1,337,990 | 200,720 | (92,199 | ) | 108,521 | |||||||||||
Core Fixed Income Portfolio | 67,640 | 2,279 | (202 | ) | 2,077 | |||||||||||
Fixed Opportunity Portfolio | 579,797 | 27,033 | (6,886 | ) | 20,147 | |||||||||||
U.S. Government Fixed Income Portfolio | 293,437 | 11,294 | (1,021 | ) | 10,273 | |||||||||||
Inflation Protected Portfolio | 348,684 | 8,901 | (913 | ) | 7,988 | |||||||||||
U.S. Corporate Fixed Income Portfolio | 295,804 | 13,743 | (165 | ) | 13,578 | |||||||||||
U.S. Mortgage/Asset Backed Fixed Income Portfolio | 243,565 | 2,627 | (796 | ) | 1,831 | |||||||||||
Short-Term Municipal Portfolio | 107,980 | 1,306 | (3 | ) | 1,303 | |||||||||||
Intermediate Municipal Portfolio | 384,309 | 10,360 | (4,436 | ) | 5,924 | |||||||||||
Intermediate Municipal II Portfolio | 76,848 | 2,792 | (2 | ) | 2,790 |
The tax cost of investments includes the cost of securities, proceeds received from TBA sales commitments and any upfront premiums paid or received on derivatives, as applicable. The tax unrealized appreciation/depreciation includes securities, TBA sales commitments and derivatives that are not considered realized for tax purposes, as applicable.
The differences between book-basis andtax-basis unrealized appreciation/depreciation are attributable primarily to: tax deferral of losses on wash sales, the realization for tax purposes of unrealized gains/losses on investments in passive foreign investment companies, the difference between book and tax accretion methods for market discount, andin-kind purchases by investors that, for tax purposes, created a controlling interest in a Portfolio.
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Notes to Financial Statements (continued) — December 31, 2019 (Unaudited)
B. Tax Characteristics of Distributions Paid
The tax characteristics of distributions paid during the fiscal year ending June 30, 2019 were as follows (amounts in thousands):
Distributions Paid From: | ||||||||||||||||||||
Year Ended June 30, 2019 | Ordinary Income | Net Long Term Gains | Total Taxable Distributions | Tax-Exempt Distributions | Total Distributions Paid* | |||||||||||||||
Value Portfolio | $ | 11,937 | $ | 31,074 | $ | 43,011 | $ | — | $ | 43,011 | ||||||||||
Institutional Value Portfolio | 33,807 | 52,349 | 86,156 | — | 86,156 | |||||||||||||||
Growth Portfolio | 10,115 | 43,464 | 53,579 | — | 53,579 | |||||||||||||||
Institutional Growth Portfolio | 21,091 | 79,726 | 100,817 | — | 100,817 | |||||||||||||||
Small Cap–Mid Cap Portfolio | 368 | 8,812 | 9,180 | — | 9,180 | |||||||||||||||
Institutional Small Cap–Mid Cap Portfolio | 5,066 | 28,398 | 33,464 | — | 33,464 | |||||||||||||||
Real Estate Portfolio | 2,571 | 1,381 | 3,952 | — | 3,952 | |||||||||||||||
ESG Growth Portfolio | 4,165 | 4,748 | 8,913 | — | 8,913 | |||||||||||||||
Catholic SRI Growth Portfolio | 1,438 | 2,302 | 3,740 | — | 3,740 | |||||||||||||||
International Portfolio | 35,543 | — | 35,543 | — | 35,543 | |||||||||||||||
Institutional International Portfolio | 105,857 | 69,678 | 175,535 | — | 175,535 | |||||||||||||||
Emerging Markets Portfolio | 29,774 | — | 29,774 | — | 29,774 | |||||||||||||||
Core Fixed Income Portfolio | 1,834 | — | 1,834 | — | 1,834 | |||||||||||||||
Fixed Opportunity Portfolio | 38,447 | — | 38,447 | — | 38,447 | |||||||||||||||
U.S. Government Fixed Income Portfolio | 5,868 | — | 5,868 | — | 5,868 | |||||||||||||||
Inflation Protected Portfolio | 9,115 | — | 9,115 | — | 9,115 | |||||||||||||||
U.S. Corporate Fixed Income Portfolio | 10,119 | — | 10,119 | — | 10,119 | |||||||||||||||
U.S. Mortgage/Asset Backed Fixed Income Portfolio | 5,998 | — | 5,998 | — | 5,998 | |||||||||||||||
Short-Term Municipal Portfolio | 82 | — | 82 | 1,331 | 1,413 | |||||||||||||||
Intermediate Municipal Portfolio | 98 | — | 98 | 8,495 | 8,593 | |||||||||||||||
Intermediate Municipal II Portfolio | 55 | 107 | 162 | 1,619 | 1,781 |
* | Total distributions paid may differ from what appears in the Statements of Changes in Net Assets because dividends for tax purposes are recognized when actually paid. |
Amounts designated as “—” are $0 or have been rounded to $0.
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HC CAPITAL TRUST
Notes to Financial Statements (continued) — December 31, 2019 (Unaudited)
C. Components of Distributable Earnings
As of June 30, 2019, the components of distributable earnings/(deficit) on a tax basis were as follows (amounts in thousands):
Portfolio | Undistributed Ordinary Income/Tax Exempt Income | Undistributed Long Term Capital Gains | Accumulated Earnings | Dividends Payable | Accumulated Capital and Other Losses | Unrealized Appreciation/ (Depreciation) | Total Accumulated Earnings/ (Deficit) | |||||||||||||||||||||
Value Portfolio | $ | — | $ | — | $ | — | $ | — | $ | (9,953 | ) | $ | 148,806 | $ | 138,853 | |||||||||||||
Institutional Value Portfolio | 3,137 | 45,329 | 48,466 | — | — | 108,238 | 156,704 | |||||||||||||||||||||
Growth Portfolio | 232 | 23,902 | 24,134 | — | — | 398,086 | 422,220 | |||||||||||||||||||||
Institutional Growth Portfolio | 11,847 | 180,737 | 192,584 | — | — | 367,120 | 559,704 | |||||||||||||||||||||
Small Cap–Mid Cap Portfolio | — | 2,201 | 2,201 | — | — | 23,687 | 25,888 | |||||||||||||||||||||
Institutional Small Cap–Mid Cap Portfolio | — | 6,371 | 6,371 | — | — | 21,649 | 28,020 | |||||||||||||||||||||
Real Estate Portfolio | 424 | 4,468 | 4,892 | — | — | 27,744 | 32,636 | |||||||||||||||||||||
ESG Growth Portfolio | 299 | 6,922 | 7,221 | — | — | 6,693 | 13,914 | |||||||||||||||||||||
Catholic SRI Growth Portfolio | — | 1,547 | 1,547 | — | — | 1,938 | 3,485 | |||||||||||||||||||||
International Portfolio | 1,187 | — | 1,187 | — | (35,906 | ) | 101,734 | 67,015 | ||||||||||||||||||||
Institutional International Portfolio | 1,383 | — | 1,383 | — | (5,818 | ) | 80,288 | 75,853 | ||||||||||||||||||||
Emerging Markets Portfolio | — | — | — | — | (111,220 | ) | 105,794 | (5,426 | ) | |||||||||||||||||||
Core Fixed Income Portfolio | 28 | — | 28 | (1 | ) | (559 | ) | 2,078 | 1,546 | |||||||||||||||||||
Fixed Opportunity Portfolio | 1,949 | — | 1,949 | — | (50,227 | ) | 20,244 | (28,034 | ) | |||||||||||||||||||
U.S. Government Fixed Income Portfolio | 263 | — | 263 | (98 | ) | (753 | ) | 10,272 | 9,684 | |||||||||||||||||||
Inflation Protected Portfolio | 2,811 | — | 2,811 | (347 | ) | (2,258 | ) | 7,988 | 8,194 | |||||||||||||||||||
U.S. Corporate Fixed Income Portfolio | 402 | — | 402 | (146 | ) | (1,016 | ) | 13,578 | 12,818 | |||||||||||||||||||
U.S. Mortgage/Asset Backed Fixed Income Portfolio | 246 | — | 246 | (93 | ) | (9,801 | ) | 1,831 | (7,817 | ) | ||||||||||||||||||
Short-Term Municipal Portfolio | 34 | — | 34 | (4 | ) | (5 | ) | 1,303 | 1,328 | |||||||||||||||||||
Intermediate Municipal Portfolio | 85 | — | 85 | (21 | ) | — | 5,924 | 5,988 | ||||||||||||||||||||
Intermediate Municipal II Portfolio | 45 | 9 | 54 | (5 | ) | — | 2,790 | 2,839 |
D. Capital Loss Carryforwards
As of their tax year ended June 30, 2019, the following Portfolios had capital loss carryforwards (“CLCFs”) not subject to expiration as summarized below (amounts in thousands):
Portfolio | Short-Term Amount | Long-Term Amount | Total | |||||||||
International Portfolio | $ | 35,906 | $ | — | $ | 35,906 | ||||||
Emerging Markets Portfolio | 42,418 | 68,704 | 111,122 | |||||||||
Core Fixed Income Portfolio | 268 | 291 | 559 | |||||||||
Fixed Opportunity Portfolio | 2,242 | 47,985 | 50,227 | |||||||||
U.S. Government Fixed Income Portfolio | 172 | 581 | 753 | |||||||||
Inflation Protected Portfolio | 1,397 | 861 | 2,258 | |||||||||
U.S. Corporate Fixed Income Portfolio | 457 | 559 | 1,016 | |||||||||
U.S. Mortgage/Asset Backed Fixed Income Portfolio | 2,039 | 7,762 | 9,801 | |||||||||
Short-Term Municipal Portfolio | 3 | 2 | 5 |
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HC CAPITAL TRUST
Notes to Financial Statements (continued) — December 31, 2019 (Unaudited)
E. Deferred Losses
Under current tax law, capital losses and specified ordinary losses realized after October 31 andnon-specified ordinary losses incurred after December 31 (ordinary losses collectively known as “late year ordinary loss”) may be deferred and treated as occurring on the first business day of the following fiscal year. The following Portfolios had deferred losses, which will be treated as arising on the first day of the fiscal year ending June 30, 2020 (amounts in thousands):
Portfolio | Post-October Capital Losses | Late Year Ordinary Losses | ||||||
Value Portfolio | $ | 9,953 | $ | — | ||||
Institutional International Portfolio | 5,818 | — | ||||||
Emerging Markets Portfolio | — | 98 |
F. Commodity Portfolio Tax Information
The Commodity Portfolio has a tax year end of December 31.
The Commodity Portfolio’s tax cost of investments as of December 31, 2019 was $96,899, resulting in accumulated net unrealized appreciation of $27,628, consisting of $37,505 in gross unrealized appreciation and $9,877 in gross unrealized depreciation (amounts in thousands). The tax cost of investments includes the cost of securities and any upfront premiums paid or received on derivatives. The tax unrealized appreciation/depreciation includes securities and derivatives that are not considered realized for tax purposes. The differences between book-basis andtax-basis unrealized appreciation/ depreciation are attributable primarily to: tax deferral of losses on wash sales, the realization for tax purposes of unrealized gains/losses on investments in passive foreign investment companies, derivatives, and investments in wholly-owned Cayman Islands exempted companies.
The tax characteristics of distributions paid during the tax years ending December 31, 2019 and December 31, 2018 were as follows (amounts in thousands):
Distributions Paid From: | ||||||||||||||||||||||||||||
Year Ended December 31, 2019 | Ordinary Income | Net Long Term Gains | Total Taxable Distributions | In Excess of Net Investment Income | Tax Return of Capital | Tax-Exempt Distributions | Total Distributions Paid* | |||||||||||||||||||||
Commodity Portfolio | $ | 5,104 | $ | — | $ | 5,104 | $ | — | $ | — | $ | — | $ | 5,104 | ||||||||||||||
Year Ended December 31, 2018 | ||||||||||||||||||||||||||||
Commodity Portfolio | 22,750 | — | 22,750 | 217 | — | — | 22,967 |
* | Total distributions paid may differ from the Statements of Changes in Net Assets because dividends for tax purposes are recognized when actually paid. |
Amounts designated as “—” are $0 or have been rounded to $0.
As of December 31, 2019, the components of distributable earnings (deficit) on a tax basis were as follows (amounts in thousands):
Portfolio | Undistributed Ordinary Income/Tax Exempt Income | Undistributed Long Term Capital Gains | Accumulated Earnings | Dividends Payable | Accumulated Capital and Other Losses | Unrealized Appreciation/ (Depreciation) | Total Accumulated Earnings/ (Deficit) | |||||||||||||||||||||
Commodity Portfolio | $ | 105 | $ | — | $ | 105 | $ | — | $ | (52,560 | ) | $ | 122,594 | $ | 70,139 |
Amounts designated as “—” are $0 or have been rounded to $0.
287
HC CAPITAL TRUST
Notes to Financial Statements (continued) — December 31, 2019 (Unaudited)
At December 31, 2019, the Commodity Portfolio had the following CLCFs not subject to expiration (amounts in thousands):
Portfolio | Short-Term Amount | Long-Term Amount | Total | |||||||||
Commodity Portfolio | $ | 9,251 | $ | 43,309 | $ | 52,560 |
G. Book-To-Tax Differences
Distributions are based on amounts calculated in accordance with applicable federal tax regulations, which may differ from GAAP. To the extent these differences are permanent in nature (e.g., net operating losses, reclassification of bond discount and premium, equalization accounting, treatment of gains and losses relating to foreign currency transactions, distributionre-characterization,in-kind redemptions, differing treatment of income relating to swap agreements and investments in wholly-owned Cayman Islands exempted companies), such amounts are reclassified within the capital accounts based on their federaltax-basis treatment; temporary differences do not require reclassifications.
6. RISK CONSIDERATIONS.
Market Risk — Each Portfolio bears a basic risk that the value of the securities held by a Portfolio may decline in response to general market and economic conditions, or conditions that affect specific market sectors or individual companies.
Credit Risk — Credit risk is the risk that an issuer (or in the case of certain securities, the guarantor or counterparty) will be unable to make principal and interest payments when due. The creditworthiness of an issuer may be affected by a number of factors, including the financial condition of the issuer (or guarantor) and, in the case of foreign issuers, the financial condition of the region.
Foreign Investment Risk — Investments in securities issued bynon-U.S. companies andnon-U.S. governments and their agencies may be adversely affected by the lack of timely or reliable financial information, political, social and/or economic developments abroad and foreign regulatory requirements and market practices. Securities denominated in foreign currencies are subject to the risk that the value of the foreign currency will decline in relation to the U.S. dollar. In addition, risks associated with foreign investments may be intensified in the case of investments in emerging-market countries, whose political, legal and economic systems are less developed and less stable than those of more developed nations.
Concentration Risk — Concentration risk is the risk that results from focusing investments in one industry or market sector. The Real Estate Portfolio and Commodity Portfolio concentrate their investments in real estate securities and commodity-related industries, respectively, which may present greater risks of loss than if the Portfolios were more broadly diversified over numerous unrelated industries.
Commodity-Related Derivatives Risk — The Commodity Portfolio, through its investment in its subsidiaries, will hold commodity-related derivatives. Commodity-related derivatives provide exposure, which may include long and/or short exposure, to the investment returns of physical commodities that trade in the commodities markets without investing directly in such physical commodities. The value of a commodity-related derivative typically is based on the price movements of a physical commodity (such as heating oil, precious metals, livestock, or agricultural products), a commodity futures contract or commodity index, or some other readily measurable economic variable. The value of commodity-related derivatives may be affected by changes in overall market movements, volatility of the underlying benchmark, changes in interest rates, or factors affecting a particular industry or commodity, such as drought, floods, weather, livestock disease, embargoes, tariffs and international economic, political and regulatory developments. The value of commodity-related derivatives will rise or fall in response to changes in the underlying commodity or related index. Investments in commodity-related derivatives may be subject to greater volatility thannon-derivative based investments. A highly liquid secondary market may not exist for certain commodity-related derivatives, and there can be no assurance that one will develop.
7. SIGNIFICANT SHAREHOLDERS.
Shareholders, including other funds, individuals, accounts, as well as the Portfolio’s investment manager(s) and/or investment personnel, may from time to time own (beneficially or of record) a significant percentage of the Portfolio’s Shares and can be considered to “control” the Portfolio when that ownership exceeds 25% of the Portfolio’s assets (which may differ from control as determined in accordance with accounting principles generally accepted in the United States of America).
288
HC CAPITAL TRUST
Notes to Financial Statements (concluded) — December 31, 2019 (Unaudited)
The following list includes the Portfolios which had individual shareholder accounts with ownership of voting securities greater than 10% of the total outstanding voting securities but less than 25% and/or accounts with ownership of voting securities greater than 25% of the total outstanding voting securities.
Portfolio | Number of shareholders with ownership of voting securities of the Portfolio greater than 10% and less than 25% of the total Portfolio’s outstanding voting securities | Number of shareholders with ownership of voting securities of the Portfolio greater than 25% of the total Portfolio’s outstanding voting securities | ||||||
Institutional Value Portfolio | 1 | — | ||||||
Institutional Growth Portfolio | 1 | — | ||||||
Small Cap–Mid Cap Portfolio | 1 | — | ||||||
Institutional Small Cap–Mid Cap Portfolio | 1 | — | ||||||
Real Estate Portfolio | 1 | — | ||||||
ESG Growth Portfolio | — | 1 | ||||||
Catholic SRI Growth Portfolio | 1 | 2 | ||||||
Institutional International Portfolio | 1 | — | ||||||
Core Fixed Income Portfolio | 1 | — | ||||||
U.S. Government Fixed Income Portfolio | 2 | — | ||||||
Inflation Protected Portfolio | 1 | — | ||||||
U.S. Corporate Fixed Income Portfolio | 1 | — | ||||||
U.S. Mortgage/Asset Backed Fixed Income Portfolio | 1 | — |
8. SUBSEQUENT EVENTS.
Management has evaluated subsequent events through the date these financial statements were issued. Based on the evaluation, no additional disclosures or adjustments were required to the financial statements as of December 31, 2019.
Effective February 10, 2020, The Institutional Growth Equity Portfolio changed its name to The Institutional U.S. Equity Portfolio (“Institutional U.S. Portfolio”).
Effective February 11, 2020, the shareholders of the Trust approved the following:
• | Engagement of Echo Street Capital Management, LLC as an additional investment advisory organization (“Specialist Manager”) to manage a portion of the assets of the Value Portfolio, Growth Portfolio and Institutional U.S. Portfolio beginning on that date. |
• | Engagement of Frontier Capital Management Company, LLC as an additional Specialist Manager to manage a portion of the assets of the Value Portfolio and Institutional U.S. Portfolio beginning on that date. |
• | Engagement of RBC Global Asset Management (U.K.) Ltd. as an additional Specialist Manager to manage a portion of the assets of the ESG Growth Portfolio beginning on that date. |
• | Engagement of Wellington Management Company, LLP as an additional Specialist Manager to manage a portion of the assets of the Institutional U.S. Portfolio beginning on that date. |
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HC CAPITAL TRUST
Additional Information — December 31, 2019 (Unaudited)
1. SECURITY PROXY VOTING. A description of the policies and procedures that the Trust uses to determine how to vote proxies relating to portfolio securities is contained in the Statement of Additional Information. Information regarding how the Portfolios voted proxies relating to portfolio securities during the most recent twelve months ended June 30, is available without charge, upon request, by calling800-242-9596 and on the Securities and Exchange Commission’s (“SEC”) website athttp://www.sec.gov.
2. SHAREHOLDER VOTES. During the period ended December 31, 2019, no actions were taken by the shareholders of the Portfolios.
3. EXPENSE EXAMPLE. As a shareholder of the Trust, you incur ongoing costs, including management fees and other Portfolio expenses. This example (as set forth in the table below) is intended to help you understand your ongoing costs (in dollars) of investing in the Trust and to compare these costs with the ongoing costs of investing in other mutual funds. The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period from July 1, 2019 through December 31, 2019.
Actual Expenses: The table below provides information about actual account values and actual expenses. You may use the information below, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the table under the heading entitled “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.
Hypothetical Example for Comparison Purposes: The table below provides information about hypothetical account values and hypothetical expenses based on each of the Portfolio’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Portfolio’s actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of other funds.
Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as redemption fees or exchange fees. Therefore, the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.
Portfolio | Beginning Account Value July 1, 2019 | Ending Account Value December 31, 2019 | Expenses Paid During Period1 | Annualized Expense Ratio | ||||||||||||||||
Value Portfolio | HC Strategic Shares | Actual | $ | 1,000.00 | $ | 1,100.60 | $ | 1.16 | 0.22 | % | ||||||||||
Hypothetical2 | $ | 1,000.00 | $ | 1,024.03 | $ | 1.12 | 0.22 | % | ||||||||||||
Institutional Value Portfolio | HC Strategic Shares | Actual | $ | 1,000.00 | $ | 1,095.50 | $ | 0.95 | 0.18 | % | ||||||||||
Hypothetical2 | $ | 1,000.00 | $ | 1,024.23 | $ | 0.92 | 0.18 | % | ||||||||||||
Growth Portfolio | HC Strategic Shares | Actual | $ | 1,000.00 | $ | 1,092.20 | $ | 1.31 | 0.25 | % | ||||||||||
Hypothetical2 | $ | 1,000.00 | $ | 1,023.88 | $ | 1.27 | 0.25 | % | ||||||||||||
Institutional Growth Portfolio | HC Strategic Shares | Actual | $ | 1,000.00 | $ | 1,105.40 | $ | 1.06 | 0.20 | % | ||||||||||
Hypothetical2 | $ | 1,000.00 | $ | 1,024.13 | $ | 1.02 | 0.20 | % | ||||||||||||
Small Cap–Mid Cap Portfolio | HC Strategic Shares | Actual | $ | 1,000.00 | $ | 1,067.60 | $ | 2.91 | 0.56 | % | ||||||||||
Hypothetical2 | $ | 1,000.00 | $ | 1,022.32 | $ | 2.85 | 0.56 | % | ||||||||||||
Institutional Small Cap–Mid Cap Portfolio | HC Strategic Shares | Actual | $ | 1,000.00 | $ | 1,075.90 | $ | 2.09 | 0.40 | % | ||||||||||
Hypothetical2 | $ | 1,000.00 | $ | 1,023.13 | $ | 2.03 | 0.40 | % | ||||||||||||
Real Estate Portfolio | HC Strategic Shares | Actual | $ | 1,000.00 | $ | 1,083.70 | $ | 3.82 | 0.73 | % | ||||||||||
Hypothetical2 | $ | 1,000.00 | $ | 1,021.47 | $ | 3.71 | 0.73 | % | ||||||||||||
Commodity Portfolio | HC Strategic Shares | Actual | $ | 1,000.00 | $ | 1,031.90 | $ | 2.40 | 0.47 | % | ||||||||||
Hypothetical2 | $ | 1,000.00 | $ | 1,022.77 | $ | 2.39 | 0.47 | % |
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Additional Information (continued) — December 31, 2019 (Unaudited)
Portfolio | Beginning Account Value July 1, 2019 | Ending Account Value December 31, 2019 | Expenses Paid During Period1 | Annualized Expense Ratio | ||||||||||||||||
ESG Growth Portfolio | HC Strategic Shares | Actual | $ | 1,000.00 | $ | 1,092.80 | $ | 1.47 | 0.28 | % | ||||||||||
Hypothetical2 | $ | 1,000.00 | $ | 1,023.73 | $ | 1.42 | 0.28 | % | ||||||||||||
Catholic SRI Growth Portfolio | HC Strategic Shares | Actual | $ | 1,000.00 | $ | 1,089.30 | $ | 1.63 | 0.31 | % | ||||||||||
Hypothetical2 | $ | 1,000.00 | $ | 1,023.58 | $ | 1.58 | 0.31 | % | ||||||||||||
International Portfolio | HC Strategic Shares | Actual | $ | 1,000.00 | $ | 1,082.20 | $ | 2.56 | 0.49 | % | ||||||||||
Hypothetical2 | $ | 1,000.00 | $ | 1,022.67 | $ | 2.49 | 0.49 | % | ||||||||||||
Institutional International Portfolio | HC Strategic Shares | Actual | $ | 1,000.00 | $ | 1,075.20 | $ | 2.35 | 0.45 | % | ||||||||||
Hypothetical2 | $ | 1,000.00 | $ | 1,022.87 | $ | 2.29 | 0.45 | % | ||||||||||||
Emerging Markets Portfolio | HC Strategic Shares | Actual | $ | 1,000.00 | $ | 1,070.30 | $ | 2.55 | 0.49 | % | ||||||||||
Hypothetical2 | $ | 1,000.00 | $ | 1,022.67 | $ | 2.49 | 0.49 | % | ||||||||||||
Core Fixed Income Portfolio | HC Strategic Shares | Actual | $ | 1,000.00 | $ | 1,024.90 | $ | 1.58 | 0.31 | % | ||||||||||
Hypothetical2 | $ | 1,000.00 | $ | 1,023.58 | $ | 1.58 | 0.31 | % | ||||||||||||
Fixed Opportunity Portfolio | HC Strategic Shares | Actual | $ | 1,000.00 | $ | 1,017.00 | $ | 2.18 | 0.43 | % | ||||||||||
Hypothetical2 | $ | 1,000.00 | $ | 1,022.97 | $ | 2.19 | 0.43 | % | ||||||||||||
U.S. Government Fixed Income Portfolio | HC Strategic Shares | Actual | $ | 1,000.00 | $ | 1,015.50 | $ | 0.96 | 0.19 | % | ||||||||||
Hypothetical2 | $ | 1,000.00 | $ | 1,024.18 | $ | 0.97 | 0.19 | % | ||||||||||||
Inflation Protected Portfolio | HC Strategic Shares | Actual | $ | 1,000.00 | $ | 1,020.90 | $ | 0.86 | 0.17 | % | ||||||||||
Hypothetical2 | $ | 1,000.00 | $ | 1,024.28 | $ | 0.87 | 0.17 | % | ||||||||||||
U.S. Corporate Fixed Income Portfolio | HC Strategic Shares | Actual | $ | 1,000.00 | $ | 1,040.20 | $ | 1.08 | 0.21 | % | ||||||||||
Hypothetical2 | $ | 1,000.00 | $ | 1,024.08 | $ | 1.07 | 0.21 | % | ||||||||||||
U.S. Mortgage/Asset Backed Fixed Income Portfolio | HC Strategic Shares | Actual | $ | 1,000.00 | $ | 1,020.20 | $ | 1.12 | 0.22 | % | ||||||||||
Hypothetical2 | $ | 1,000.00 | $ | 1,024.03 | $ | 1.12 | 0.22 | % | ||||||||||||
Short-Term Municipal Portfolio | HC Strategic Shares | Actual | $ | 1,000.00 | $ | 1,010.10 | $ | 1.36 | 0.27 | % | ||||||||||
Hypothetical2 | $ | 1,000.00 | $ | 1,023.78 | $ | 1.37 | 0.27 | % | ||||||||||||
Intermediate Municipal Portfolio | HC Strategic Shares | Actual | $ | 1,000.00 | $ | 1,016.60 | $ | 1.62 | 0.32 | % | ||||||||||
Hypothetical2 | $ | 1,000.00 | $ | 1,023.53 | $ | 1.63 | 0.32 | % | ||||||||||||
Intermediate Municipal II Portfolio | HC Strategic Shares | Actual | $ | 1,000.00 | $ | 1,014.00 | $ | 1.47 | 0.29 | % | ||||||||||
Hypothetical2 | $ | 1,000.00 | $ | 1,023.68 | $ | 1.48 | 0.29 | % |
1 | Expenses are equal to the average account value over the period, multiplied by the Portfolio’s annualized expense ratio, multiplied by 184/365 (to reflect the one half year period). |
2 | Represents the hypothetical 5% annual return before expenses. |
4. ADDITIONAL FEDERAL INCOME TAX INFORMATION
A. Dividends Received Deduction. For corporate shareholders, the following percentage of the total ordinary income distributions paid during the tax year ended December 31, 2019, qualify for the corporate dividend received deduction for the following Portfolio:
Portfolio | Dividends Received Deduction | |
Commodity Portfolio | 19.66% |
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Additional Information (continued) — December 31, 2019 (Unaudited)
B. Qualified Dividends. For the tax year ended December 31, 2019, under current tax law, the following dividends paid may be subject to a maximum tax rate of 15%.
Portfolio | Dividends Paid | |
Commodity Portfolio | 84.43% |
The Portfolio intends to designate the maximum amount allowable as taxed at a maximum rate of 15%. Complete information will be reported in conjunction with your 2019 Form1099-DIV.
5. ACCESS TO QUARTERLY HOLDINGS
A complete schedule of each Portfolio’s portfolio holdings for the first and third fiscal quarter of each fiscal year is filed with the SEC on FormN-PORT and is available on the SEC’s website at http://www.sec.gov.
6. ADDITIONAL PORTFOLIO HOLDINGS INFORMATION
The following tables reflect the percentage of the total investments of each Portfolio attributable to the indicated industry sector, type of security or geographic region, as appropriate for the indicated Portfolio.
Value Portfolio
Security Allocation | Percentage of Value | |||
Information Technology | 23.0 | % | ||
Health Care | 13.3 | % | ||
Financials | 12.9 | % | ||
Communication Services | 9.9 | % | ||
Consumer Discretionary | 9.8 | % | ||
Industrials | 9.8 | % | ||
Consumer Staples | 6.6 | % | ||
Energy | 3.8 | % | ||
Real Estate | 3.3 | % | ||
Utilities | 3.1 | % | ||
Materials | 2.7 | % | ||
Investment Companies | 1.8 | % | ||
|
| |||
Total | 100.0 | % | ||
|
|
Institutional Value Portfolio
Security Allocation | Percentage of Value | |||
Information Technology | 16.5 | % | ||
Financials | 15.9 | % | ||
Health Care | 12.8 | % | ||
Industrials | 9.8 | % | ||
Consumer Discretionary | 9.3 | % | ||
Communication Services | 8.9 | % | ||
Consumer Staples | 8.4 | % | ||
Energy | 5.4 | % | ||
Real Estate | 4.5 | % | ||
Utilities | 4.0 | % | ||
Materials | 3.3 | % | ||
Investment Company | 1.1 | % | ||
Exchange-Traded Fund | 0.1 | % | ||
U.S. Treasury Obligation | 0.0 | % | ||
|
| |||
Total | 100.0 | % | ||
|
|
Growth Portfolio
Security Allocation | Percentage of Value | |||
Information Technology | 30.9 | % | ||
Consumer Discretionary | 13.7 | % | ||
Health Care | 11.9 | % | ||
Financials | 9.9 | % | ||
Communication Services | 8.5 | % | ||
Industrials | 6.7 | % | ||
Consumer Staples | 6.6 | % | ||
Investment Companies | 3.1 | % | ||
Real Estate | 3.1 | % | ||
Materials | 2.0 | % | ||
Utilities | 2.0 | % | ||
Energy | 1.6 | % | ||
|
| |||
Total | 100.0 | % | ||
|
|
Institutional Growth Portfolio
Security Allocation | Percentage of Value | |||
Information Technology | 28.2 | % | ||
Consumer Discretionary | 13.4 | % | ||
Health Care | 11.9 | % | ||
Communication Services | 11.0 | % | ||
Industrials | 8.6 | % | ||
Financials | 8.1 | % | ||
Consumer Staples | 5.8 | % | ||
Real Estate | 4.0 | % | ||
Utilities | 2.9 | % | ||
Investment Companies | 2.3 | % | ||
Materials | 2.1 | % | ||
Energy | 1.7 | % | ||
Exchange-Traded Fund | 0.0 | % | ||
U.S. Treasury Obligation | 0.0 | % | ||
|
| |||
Total | 100.0 | % | ||
|
|
292
HC CAPITAL TRUST
Additional Information (continued) — December 31, 2019 (Unaudited)
Small Cap–Mid Cap Portfolio
Security Allocation | Percentage of Value | |||
Industrials | 17.8 | % | ||
Information Technology | 17.2 | % | ||
Health Care | 14.7 | % | ||
Financials | 12.8 | % | ||
Consumer Discretionary | 8.7 | % | ||
Investment Companies | 7.6 | % | ||
Materials | 6.2 | % | ||
Energy | 4.3 | % | ||
Real Estate | 4.2 | % | ||
Communication Services | 2.8 | % | ||
Consumer Staples | 1.9 | % | ||
Utilities | 1.8 | % | ||
|
| |||
Total | 100.0 | % | ||
|
|
Institutional Small Cap–Mid Cap Portfolio
Security Allocation | Percentage of Value | |||
Investment Companies | 33.4 | % | ||
Industrials | 12.7 | % | ||
Information Technology | 12.2 | % | ||
Health Care | 10.7 | % | ||
Financials | 9.4 | % | ||
Consumer Discretionary | 6.3 | % | ||
Materials | 4.4 | % | ||
Real Estate | 3.2 | % | ||
Energy | 3.0 | % | ||
Communication Services | 2.0 | % | ||
Utilities | 1.4 | % | ||
Consumer Staples | 1.3 | % | ||
U.S. Treasury Obligation | 0.0 | % | ||
|
| |||
Total | 100.0 | % | ||
|
|
Real Estate Portfolio
Security Allocation | Percentage of Value | |||
Real Estate | 77.3 | % | ||
Investment Companies | 17.1 | % | ||
Consumer Discretionary | 5.0 | % | ||
Information Technology | 0.6 | % | ||
|
| |||
Total | 100.0 | % | ||
|
|
Commodity Portfolio
Security Allocation | Percentage of Value | |||
Energy | 48.4 | % | ||
Materials | 42.3 | % | ||
Investment Company | 4.8 | % | ||
Repurchase Agreements | 3.8 | % | ||
U.S. Treasury Obligation | 0.5 | % | ||
Financials | 0.1 | % | ||
Utilities | 0.1 | % | ||
|
| |||
Total | 100.0 | % | ||
|
|
ESG Growth Portfolio
Security Allocation | Percentage of Value | |||
Information Technology | 16.5 | % | ||
Financials | 14.6 | % | ||
Health Care | 11.7 | % | ||
Industrials | 10.8 | % | ||
Consumer Discretionary | 9.3 | % | ||
Communication Services | 7.7 | % | ||
Consumer Staples | 7.5 | % | ||
Investment Company | 6.4 | % | ||
Energy | 4.7 | % | ||
Materials | 4.4 | % | ||
Utilities | 3.4 | % | ||
Real Estate | 3.0 | % | ||
|
| |||
Total | 100.0 | % | ||
|
|
Catholic SRI Growth Portfolio
Security Allocation | Percentage of Value | |||
Information Technology | 19.4 | % | ||
Financials | 17.7 | % | ||
Consumer Discretionary | 11.5 | % | ||
Industrials | 9.7 | % | ||
Communication Services | 9.5 | % | ||
Consumer Staples | 7.4 | % | ||
Health Care | 6.5 | % | ||
Energy | 5.6 | % | ||
Materials | 4.9 | % | ||
Utilities | 3.9 | % | ||
Real Estate | 3.7 | % | ||
Investment Companies | 0.2 | % | ||
|
| |||
Total | 100.0 | % | ||
|
|
293
HC CAPITAL TRUST
Additional Information (continued) — December 31, 2019 (Unaudited)
International Portfolio
Security Allocation | Percentage of Value | |||
Financials | 23.0 | % | ||
Industrials | 14.1 | % | ||
Health Care | 11.8 | % | ||
Consumer Staples | 9.5 | % | ||
Materials | 9.4 | % | ||
Consumer Discretionary | 9.2 | % | ||
Information Technology | 7.1 | % | ||
Energy | 5.9 | % | ||
Communication Services | 4.6 | % | ||
Utilities | 2.6 | % | ||
Real Estate | 2.3 | % | ||
Investment Companies | 0.5 | % | ||
|
| |||
Total | 100.0 | % | ||
|
|
Institutional International Portfolio
Security Allocation | Percentage of Value | |||
Financials | 16.6 | % | ||
Investment Companies | 16.5 | % | ||
Industrials | 12.6 | % | ||
Health Care | 10.4 | % | ||
Materials | 9.0 | % | ||
Consumer Discretionary | 7.8 | % | ||
Consumer Staples | 6.1 | % | ||
Energy | 5.9 | % | ||
Information Technology | 5.6 | % | ||
Communication Services | 5.1 | % | ||
Utilities | 2.4 | % | ||
Real Estate | 2.0 | % | ||
|
| |||
Total | 100.0 | % | ||
|
|
Emerging Markets Portfolio
Security Allocation | Percentage of Value | |||
Financials | 23.9 | % | ||
Information Technology | 15.3 | % | ||
Consumer Discretionary | 11.8 | % | ||
Communication Services | 11.2 | % | ||
Consumer Staples | 7.7 | % | ||
Investment Companies | 6.3 | % | ||
Materials | 6.2 | % | ||
Energy | 5.6 | % | ||
Industrials | 5.0 | % | ||
Health Care | 2.9 | % | ||
Real Estate | 2.4 | % | ||
Utilities | 1.6 | % | ||
U.S. Treasury Obligation | 0.1 | % | ||
|
| |||
Total | 100.0 | % | ||
|
|
Core Fixed Income Portfolio
Security Allocation | Percentage of Value | |||
Corporate | 33.6 | % | ||
Treasury | 29.7 | % | ||
Agency | 20.5 | % | ||
Investment Companies | 6.9 | % | ||
Yankee Dollar | 6.5 | % | ||
Mortgage | 1.5 | % | ||
U.S. Government Agency Securities | 0.9 | % | ||
Asset Backed Securities | 0.4 | % | ||
|
| |||
Total | 100.0 | % | ||
|
|
Fixed Opportunity Portfolio
Security Allocation | Percentage of Value | |||
Investment Companies | 98.4 | % | ||
Mortgage | 1.6 | % | ||
U.S. Government Agency Mortgages | 0.0 | % | ||
|
| |||
Total | 100.0 | % | ||
|
|
U.S. Government Fixed Income Portfolio
Security Allocation | Percentage of Value | |||
Treasury | 95.5 | % | ||
U.S. Government Agency Securities | 2.8 | % | ||
Investment Company | 1.7 | % | ||
Yankee Dollar | 0.0 | % | ||
|
| |||
Total | 100.0 | % | ||
|
|
Inflation Protected Portfolio
Security Allocation | Percentage of Value | |||
Treasury | 96.4 | % | ||
Investment Company | 3.6 | % | ||
|
| |||
Total | 100.0 | % | ||
|
|
294
HC CAPITAL TRUST
Additional Information (continued) — December 31, 2019 (Unaudited)
U.S. Corporate Fixed Income Portfolio
Security Allocation | Percentage of Value | |||
Financials | 25.3 | % | ||
Communication Services | 12.5 | % | ||
Energy | 11.0 | % | ||
Health Care | 9.4 | % | ||
Investment Companies | 8.4 | % | ||
Industrials | 7.5 | % | ||
Utilities | 6.7 | % | ||
Information Technology | 5.9 | % | ||
Consumer Staples | 5.5 | % | ||
Materials | 4.7 | % | ||
Real Estate | 1.7 | % | ||
Consumer Discretionary | 1.4 | % | ||
|
| |||
Total | 100.0 | % | ||
|
|
U.S. Mortgage/Asset Backed Fixed Income Portfolio
Security Allocation | Percentage of Value | |||
Agency | 73.8 | % | ||
Investment Company | 19.5 | % | ||
Mortgage | 5.5 | % | ||
Asset Backed Securities | 1.2 | % | ||
|
| |||
Total | 100.0 | % | ||
|
|
Short-Term Municipal Portfolio
Security Allocation | Percentage of Value | |||
General Obligation | 55.9 | % | ||
Revenue Bonds | 36.1 | % | ||
Revenue | 3.8 | % | ||
Investment Company | 1.7 | % | ||
Higher Education | 0.9 | % | ||
Power | 0.6 | % | ||
Water | 0.6 | % | ||
School District | 0.4 | % | ||
|
| |||
Total | 100.0 | % | ||
|
|
Intermediate Municipal Portfolio
Security Allocation | Percentage of Value | |||
Revenue Bonds | 43.2 | % | ||
General Obligation | 13.5 | % | ||
General | 12.1 | % | ||
Transportation | 6.3 | % | ||
Medical | 4.8 | % | ||
Facilities | 3.4 | % | ||
Water | 3.0 | % | ||
Airport | 2.1 | % | ||
Education | 2.0 | % | ||
Power | 2.0 | % | ||
Tobacco Settlement | 1.5 | % | ||
School District | 1.2 | % | ||
Student Loan | 1.2 | % | ||
Utilities | 1.2 | % | ||
Higher Education | 1.1 | % | ||
Investment Company | 1.0 | % | ||
Nursing Homes | 0.4 | % | ||
Industrials | 0.0 | % | ||
|
| |||
Total | 100.0 | % | ||
|
|
Intermediate Municipal II Portfolio
Security Allocation | Percentage of Value | |||
General Obligation | 36.6 | % | ||
Revenue Bonds | 28.8 | % | ||
Water | 10.2 | % | ||
School District | 5.6 | % | ||
General | 4.9 | % | ||
Medical | 3.9 | % | ||
Investment Company | 3.5 | % | ||
Utilities | 3.2 | % | ||
Transportation | 1.9 | % | ||
Higher Education | 1.2 | % | ||
Facilities | 0.2 | % | ||
|
| |||
Total | 100.0 | % | ||
|
|
7. BOARD APPROVAL OF INVESTMENT ADVISORY CONTRACTS
The Trust’s investment adviser is HC Capital Solutions (the “Adviser”), an operating division of Hirtle Callaghan & Co. LLC (“Hirtle Callaghan”). The Adviser provides overall investment management services with respect to HC Capital Trust (the “Trust”) and each of its separate portfolios (“Portfolios”) pursuant to the terms of two separate agreements with the Trust (the “HC Contracts”). A though the Adviser is authorized under the HC Contracts to purchase and sell portfolio securities for the Portfolios,day-to-day portfolio management services are generally provided to the respective Portfolios by one or more investment advisory organizations (each a “Specialist Manager”) pursuant to the terms of separate investment advisory agreements (each a “Portfolio Management Agreement”). During the six month period covered by this report, the Trust offeredtwenty-two Portfolios, eighteen of which were managed by two or more Specialist Managers. Each Specialist
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Additional Information (continued) — December 31, 2019 (Unaudited)
Manager is responsible for providingday-to-day portfolio management services for that portion of a Portfolio’s assets allocated to it by, and under the supervision of, the Adviser.
For the period July 1, 2019 through December 31, 2019, the Trust’s Board of Trustees (the “Board”):
• | Approved the continuation of certain Portfolio Management Agreements, as set forth below; |
• | Approved Amendments to Portfolio Management Agreements with Mellon Investments Corporation (“Mellon”) relating to two Portfolios; |
• | Approved new Portfolio Management Agreements with Frontier Capital Management Company, LLC (“Frontier”) relating to two Portfolios; |
• | Approved new Portfolio Management Agreements with Echo Street Capital Management, LLC (“Echo Street”) relating to three Portfolios |
• | Approved a new Portfolio Management Agreement with Wellington Management Company, LLP (“Wellingotn”) relating to one Portfolio; and |
• | Approved a new Portfolio Management Agreement with RBC Global Asset Management (UK) Limited (“RBC GAM”) relating to one Portfolio. |
In considering the information and materials described herein, the Trustees of the Trust who are not “interested persons” of the Trust or the Adviser within the meaning of the Investment Company Act (the “Independent Trustees”) were represented by, and met separately with, their independent legal counsel and were provided with a written description of their statutory responsibilities and the legal standards that are applicable to approvals of advisory agreements. In view of the broad scope and variety of factors and information, the Board did not find it practicable to, and did not assign relative weights to the specific factors considered in reaching its conclusions to approve the various Portfolio Management Agreements and amendments. Rather, the conclusions were made on the basis of each Trustee’s business judgment after consideration of all of the factors taken in their entirety.
Continuation of Certain Portfolio Management Agreements. The Portfolio Management Agreements approved for continuance during the period (collectively, the “Continuing Agreements”) are identified below, together with the Specialist Managers subject to review during the period.
Specialist Manager | Portfolios | |
Artisan Partners Limited Partnership | The International Equity Portfolio The Institutional International Equity Portfolio | |
Cadence Capital Management, LLC | The Value Equity Portfolio The Institutional Value Equity Portfolio The Growth Equity Portfolio The Institutional Growth Equity Portfolio The SmallCapitalization-Mid Capitalization Equity Portfolio The Institutional SmallCapitalization-Mid Capitalization Equity Portfolio The Commodity Returns Strategy Portfolio The Real Estate Securities Portfolio The Institutional International Equity Portfolio The Emerging Markets Portfolio | |
Causeway Capital Management, LLC | The Institutional International Equity Portfolio | |
Frontier Capital Management Company, LLC | The SmallCapitalization-Mid Capitalization Equity Portfolio The Institutional SmallCapitalization-Mid Capitalization Equity Portfolio | |
Lazard Asset Management LLC | The Institutional International Equity Portfolio | |
RBC Global Asset Management (UK) Limited | The Emerging Markets Portfolio | |
Wellington Management Company LLP | The Commodity Returns Strategy Portfolio The Real Estate Securities Portfolio |
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Additional Information (continued) — December 31, 2019 (Unaudited)
In its deliberations with respect to each of the Continuing Agreements, the Board recognized that, under each such agreement, a Specialist Manager is responsible only forday-to-day investment decisions with respect to that portion of a Portfolio’s assets allocated to it. The Board further recognized that the Specialist Managers do not participate in the administration of any of the Portfolios or in the distribution of shares of any of the Portfolios and thus receive limited, if any, benefit from their association with the Trust other than the fee paid to them by the respective Portfolios for investment management services.
In approving the Continuing Agreements, the Board concluded that continuation of each of the Continuing Agreements was in the best interests of each respective Portfolio and consistent with the expectations of shareholders of the Portfolios. While the Board did not identify any particular factor as controlling, the Board gave substantial weight to the fact that the Trust is designed primarily to serve as a vehicle through which the Adviser implements asset allocation strategies on behalf of Hirtle Callaghan’s clients; and that shares of the respective Portfolios are generally available only to such clients. With respect to the nature, extent and quality of the services provided by each of the Specialist Managers, the Board was informed with respect to the specific investment process employed by each of the Specialist Managers in managing the assets of the respective Portfolios allocated to them and the qualifications of each Specialist Manager’s investment management personnel. The Board was also informed with respect to each Specialist Manager’s infrastructure and whether it appears to adequately support the strategies being implemented for the various Portfolios.
The Board also considered representations made by the Adviser that the performance achieved by the relevant Specialist Managers was consistent with the Adviser’s expectations in the context of the overall objectives, and multi-manager strategy, of each of the respective Portfolios. During the course of its deliberations, the Board was informed with respect to publicly available information assembled by a third-party service provider about the performance of peer funds managed by other investment advisory organizations. The Board did not specifically rely on such information but based its conclusions on the facts and circumstances related to each Portfolio.
In concluding that continuation of the Continuing Agreements was appropriate, the Board did not rely upon any single factor but gave considerable weight to the Adviser’s recommendations and its assessment of each Specialist Manager’s overall compliance profile and the success and future ability of each Specialist Manager in capturing the respective Portfolios’ desired asset classes. Based on the foregoing, the Board concluded that the performance of the Specialist Managers was satisfactory and that continuation of such contracts was in the best interest of shareholders of the respective Portfolios. The Board also concluded that the nature, extent and quality of the portfolio management services provided by each of the Specialist Managers were satisfactory in light of the specific strategies employed on behalf of the respective Portfolios and, thus, supported a decision to approve the continuation of each of the Continuing Agreements.
The Board also concluded that the rate at which each of the Specialist Managers is compensated under the Continuing Agreements is reasonable. In reaching this conclusion, the Board had before it information about financial information about the Specialist Managers relating to factors such as comparable fees charged to other institutional clients and/or to peer funds for similar services, costs incurred by the Specialist Managers in providing services to the respective Portfolios and the Specialist Managers’ profitability. The Board was also informed with respect to the impact of fee break-points as well as advisory fees paid by other, unaffiliated, funds with similar objectives and strategies. In considering this information, the Board gave substantial weight the fact that the rate at which these Specialist Managers are compensated was determined as a result of arms-length negotiations conducted by the officers of the Trust and the Adviser, including in several cases, negotiated fee waivers/reductions and scheduled breakpoints designed to recognize economies of scale where appropriate.
Approval of Amendments to Portfolio Management Agreements with Mellon. During the period, the Board also approved amendments (the “Amendments”) to the Portfolio Management Agreements (the “Mellon Agreements”) with Mellon related to each of the ESG Growth and Catholic SRI Growth Portfolios. The Board was informed with respect to the fact that under the Mellon Agreements, Mellon was entitled to an annual fee from each Portfolio of 0.16% of the total net assets allocated to it and that Mellon had been voluntarily waiving that fee down to 0.10%. At its meeting on December 10, 2019, the Board approved the Amendments, which reduced the contratuctual fee payable to Mellon to an annual fee of 0.10%. Based on all of the information presented, the Board concluded that implementation of the Amendments was in the interests of shareholders of the Portfolios.
Approval of New Portfolio Management Agreements with Frontier. During the period, the Board approved new Portfolio Management Agreements (the “Frontier Agreements”) between the Trust and Frontier relating to each of the Value
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Equity and Institutional Growth Equity Portfolios (collectively, the “Affected Portfolios”). The Institutional Growth Equity Portfolio has since been renamed as The Institutional U.S. Equity Portfolio.
In approving the Frontier Agreements, the Board was informed that the Adviser had determined that each of the Affected Portfolios would benefit from access to a small andmid-cap equity strategy, such as Frontier has employed for the SmallCapitalization-Mid Capitalization Equity and Institutional SmallCapitalization-Mid Capitalization Equity Portfolios since each of their respective inceptions. With respect to The Institutional U.S. Equity Portfolio, the addition of this strategy anticipated the proposed consolidation of several Portfolios in which it is anticipated that three Portfolios, including The Institutional SmallCapitalization-Mid Capitalization Equity Portfolio will be merged into The Institutional U.S. Equity Portfolio.
With respect to the nature, extent and quality of the services expected to be provided to the Affected Portfolios, the Board gave considerable weight to the Adviser’s recommendation as well as the Board’s familiarity with the services provided by Frontier under its existing Portfolio Management Agreements with the Trust. The Board also considered the fact that Frontier would not participate in the administration or distribution of shares of the Affected Portfolios and that, other than advisory fees payable under the terms of the Frontier Agreements, it was not expected that Frontier would benefit materially from its association with the Trust. The Board concluded that it was satisfied with the nature, extent and quality of the services expected to be provided by Frontier in light of the strategy it is to employ under the Frontier Agreements. In concluding that approval of the Frontier Agreements was in the best interests of shareholders of the Affected Portfolios, the Board also considered information with respect to the past performance of Frontier.
With respect to the fee schedules pursuant to which Frontier would be compensated for its services, the Board was informed with respect to, among other relevant factors, comparative fee information, including information regarding peer group fees charged to funds with similar strategies, Frontier’s financial position and projected profitability and the fact that the proposed fees were identical to the fees currently being charged by Frontier with respect to the SmallCapitalization-Mid Capitalization Equity and Institutional SmallCapitalization-Mid Capitalization Equity Portfolios. The Board did not specifically rely upon such information, but gave substantial weight to the facts that: the rate at which Frontier was to be compensated was determined as a result of arms-length negotiations conducted by the officers of the Trust and the Adviser; and the Adviser believed the agreed upon rate to be reasonable. The Board concluded that the proposed rate was reasonable. In reaching its conclusion, the Board recognized that, while the proposed fee in the Frontier Agreements was higher than any of the fees then being charged to either of the Affected Portfolios by any of the Specialist Managers then serving the Affected Portfolios, the impact of the rate to be paid to Frontier on overall advisory fees would depend on the allocation of assets within the Affected Portfolios by the Adviser.
Approval of New Portfolio Management Agreements with Echo Street. During the period, the Board approved new Portfolio Management Agreements (the “Echo Street Agreements”) between the Trust and Echo Street relating to each of the Value Equity, Growth Equity and Institutional Growth Equity Portfolios (collectively, the “Affected Portfolios”). The Institutional Growth Equity Portfolio has since been renamed as The Institutional U.S. Equity Portfolio.
In approving the Echo Street Agreements, the Board was informed that the Adviser had determined that each of the Affected Portfolios would benefit from access to a strategy employed by Echo Street in which it invests in universe of companies chosen for the consistency and durability of the earnings streams and their ability to compound shareholder value at higher-than-average rates without respect to capitalization.
With respect to the nature, extent and quality of the services expected to be provided to the Affected Portfolios, the Board gave considerable weight to the Adviser’s recommendation, noting that the Adviser had used Echo Street as a subadviser for other,non-Trust, investment vehicles for some time and was very familiar with its services. The Board also considered the fact that Echo Street would not participate in the administration or distribution of shares of the Affected Portfolios and that, other than advisory fees payable under the terms of the Echo Street Agreements, it was not expected that Echo Street would benefit materially from its association with the Trust. The Board concluded that it was satisfied with the nature, extent and quality of the services expected to be provided by Echo Street in light of the strategy it is to employ under the Echo Street Agreements. In concluding that approval of the Echo Street Agreements was in the best interests of shareholders of the Affected Portfolios, the Board also considered information with respect to the past performance of Echo Street.
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With respect to the fee schedules pursuant to which Echo Street would be compensated for its services, the Board was informed with respect to, among other relevant factors, comparative fee information, including information regarding peer group fees charged to funds with similar strategies. The Board did not specifically rely upon such information, but gave substantial weight to the facts that: the rate at which Echo Street was to be compensated was determined as a result of arms-length negotiations conducted by the officers of the Trust and the Adviser; and the Adviser believed the agreed upon rate to be reasonable. The Board concluded that the proposed rate was reasonable. In reaching its conclusion, the Board recognized that, while the proposed fee in the Echo Street Agreements was higher than any of the fees then being charged to any of the Affected Portfolios by any of the Specialist Managers then serving the Affected Portfolios, the impact of the rate to be paid to Echo Street on overall advisory fees would depend on the allocation of assets within the Affected Portfolios by the Adviser.
Approval of New Portfolio Management Agreement with Wellington. During the period, the Board approved a new Portfolio Management Agreement (the “Wellington Agreement”) between the Trust and Wellington relating to The Institutional Growth Equity Portfolio (the “Affected Portfolio”). The Institutional Growth Equity Portfolio has since been renamed as The Institutional U.S. Equity Portfolio.
In approving the Wellington Agreement, the Board was informed that the Adviser had determined that the Affected Portfolio would benefit from access to a real estate equity strategy, such as Wellington has employed for The Real Estate Securities Portfolio since that Portfolio’s inception. The addition of this strategy to the Affected Portfolio anticipated the proposed consolidation of several Portfolios in which it is anticipated that three Portfolios, including The Real Estate Securities Portfolio, will be merged into The Institutional U.S. Equity Portfolio.
With respect to the nature, extent and quality of the services expected to be provided to the Affected Portfolio, the Board gave considerable weight to the Adviser’s recommendation as well as the Board’s familiarity with the services provided by Wellington under its existing Portfolio Management Agreements with the Trust with respect to each of the Real Estate Securities and Commodity Returns Strategy Portfolios. The Board also considered the fact that Wellington would not participate in the administration or distribution of shares of the Affected Portfolio and that, other than advisory fees payable under the terms of the Wellington Agreement, it was not expected that Wellington would benefit materially from its association with the Trust. The Board concluded that it was satisfied with the nature, extent and quality of the services expected to be provided by Wellington in light of the strategy it is to employ under the Wellington Agreement. In concluding that approval of the Wellington Agreement was in the best interests of shareholders of the Affected Portfolio, the Board also considered information with respect to the past performance of Wellington.
With respect to the fee schedule pursuant to which Wellington would be compensated for its services, the Board was informed with respect to, among other relevant factors, comparative fee information, including information regarding peer group fees charged to funds with similar strategies, Wellington’s financial position and projected profitability, and the fact that the proposed fees were identical to the fees currently being charged by Wellington with respect to The Real Estate Securities Portfolio. The Board did not specifically rely upon such information, but gave substantial weight to the facts that: the rate at which Wellington was to be compensated was determined as a result of arms-length negotiations conducted by the officers of the Trust and the Adviser; and the Adviser believed the agreed upon rate to be reasonable. The Board concluded that the proposed rate was reasonable. In reaching its conclusion, the Board recognized that, while the proposed fee in the Wellington Agreement was higher than any of the fees then being charged to the Affected Portfolio by any of the Specialist Managers then serving the Affected Portfolio, the impact of the rate to be paid to Wellington on overall advisory fees would depend on the allocation of assets within the Affected Portfolio by the Adviser.
Approval of New Portfolio Management Agreement with RBC GAM. During the period, the Board approved a new Portfolio Management Agreement (the “RBC GAM Agreement”) between the Trust and RBC GAM relating to The ESG Growth Portfolio (the “Affected Portfolio”).
In approving the RBC GAM Agreement, the Board was informed that the Adviser had determined that the Affected Portfolio, which was then managed by Specialist Managers employing passive management styles, would benefit from access to an actively managed global equity strategy.
With respect to the nature, extent and quality of the services expected to be provided to the Affected Portfolio, the Board gave considerable weight to the Adviser’s recommendation as well as the Board’s familiarity with the services provided by RBC GAM under its existing Portfolio Management Agreement with the Trust with respect to The Emerging
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Markets Portfolio. The Board also considered the fact that RBC GAM would not participate in the administration or distribution of shares of the Affected Portfolio and that, other than advisory fees payable under the terms of the RBC GAM Agreement, it was not expected that RBC GAM would benefit materially from its association with the Trust. The Board concluded that it was satisfied with the nature, extent and quality of the services expected to be provided by RBC GAM in light of the strategy it is to employ under the RBC GAM Agreement. In concluding that approval of the RBC GAM Agreement was in the best interests of shareholders of the Affected Portfolio, the Board also considered information with respect to the past performance of RBC GAM.
With respect to the fee schedule pursuant to which RBC GAM would be compensated for its services, the Board was informed with respect to, among other relevant factors, comparative fee information, including information regarding peer group fees charged to funds with similar strategies and RBC GAM’s financial position and projected profitability. The Board did not specifically rely upon such information, but gave substantial weight to the facts that: the rate at which RBC GAM was to be compensated was determined as a result of arms-length negotiations conducted by the officers of the Trust and the Adviser; and the Adviser believed the agreed upon rate to be reasonable. The Board concluded that the proposed rate was reasonable. In reaching its conclusion, the Board recognized that, while the proposed fee in the RBC GAM Agreement was higher than any of the fees then being charged to the Affected Portfolio by any of the Specialist Managers then serving the Affected Portfolio, the impact of the rate to be paid to RBC GAM on overall advisory fees would depend on the allocation of assets within the Affected Portfolio by the Adviser.
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Trustees
GEOFFREY A. TRZEPACZ*
JOHN M. DYER
JARRETT B. KLING
HARVEY G. MAGARICK
R. RICHARD WILLIAMS
RICHARD W. WORTHAM III
* ‘Interested Person’ as that term is defined in the Investment Company Act of 1940.
Investment Adviser
HC Capital Solutions
Five Tower Bridge
300 Barr Harbor Drive, 5th Floor
West Conshohocken, PA 19428
Administrator
Citi Fund Services Ohio, Inc.
4400 Easton Commons, Suite 200
Columbus, OH 43219
Distributor
Ultimus Fund Distributors, LLC
225 Pictoria Drive, Suite 450
Cincinnati, OH 45246
Counsel
Stradley Ronon Stevens & Young, LLP
2005 Market Street, Suite 2600
Philadelphia, PA 19103-7018
Independent Registered Public Accounting Firm
PricewaterhouseCoopers LLP
41 South High Street, Suite 2500
Columbus, OH 43215
Custodian
State Street Bank and Trust Company
State Street Financial Center
1 Lincoln Street
Boston, MA 02111-2900
This report is for the information of the shareholders of HC Capital Trust. Its use in connection with any offering of the Trust’s shares is authorized only in case of a concurrent or prior delivery of the Trust’s current prospectus. The prospectus contains more complete information, including investment objectives, risks, fees and expenses and should be read carefully before investing or sending any money.
2/20
Item 2. Code of Ethics.
Not Applicable
Item 3. Audit Committee Financial Expert.
Not Applicable
Item 4. Principal Accountant Fees and Services.
Not Applicable
Item 5. Audit Committee of Listed Registrants.
Not Applicable
Item 6. Schedule of Investments.
(a) Not Applicable
(b) Not Applicable
Item 7. Disclosure of Proxy Voting Policies and Procedures forClosed-End Management Investment Companies.
Not Applicable
Item 8. Portfolio Managers ofClosed-End Management Investment Companies.
Not Applicable
Item 9. Purchases of Equity Securities byClosed-End Management Investment Company and Affiliated Purchasers.
Not Applicable
Item 10. Submission of Matters to a Vote of Security Holders.
Not Applicable
Item 11. Controls and Procedures.
(a)The Registrant’s principal executive officer and principal financial officer have concluded, based on their evaluation of the Registrant’s disclosure controls and procedures as conducted within 90 days of the filing date of this report, that these disclosure controls and procedures are adequately designed and are operating effectively to ensure that information required to be disclosed by the Registrant on FormN-CSR is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms.
(b)There were no changes in the Registrant’s internal control over financial reporting (as defined in Rule30a-3(d) under the Investment Company Act of 1940 (the “Act”) (17 CFR270.30a-3(d)) that occurred during the period covered by this report that have materially affected or are reasonably likely to materially affect, the Registrant’s internal control over financial reporting.
Item 12. Disclosure of Securities Lending Activities forClosed-End Management Investment Companies.
Not Applicable
Item 13. Exhibits.
(a)(1) Not applicable.
(a)(2) Certifications pursuant to Rule30a-2(a) under the Act are attached hereto.
(a)(3) Not applicable.
(b) Certifications pursuant to Rule30a-2(b) under the Act are attached hereto.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
(Registrant)HC Capital Trust
By (Signature and Title)/s/ Geoffrey Trzepacz | ||||
Geoffrey Trzepacz, Principal Executive Officer |
Date: March 5, 2020
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, thisreport has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By (Signature and Title)/s/ Colette Bergman | ||
Colette Bergman, Principal Financial Officer |
Date: March 5, 2020
By (Signature and Title)/s/ Geoffrey Trzepacz | ||
Geoffrey Trzepacz, Principal Executive Officer |
Date: March 5, 2020