# EDGAR Filing Document

**Accession Number:** 0000934563
**File Stem:** 0001752724-23-041002
**Filing Date:** 2023-2
**Character Count:** 71362
**Document Hash:** d2ec6869161caab5f776b3af48622576
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-041002.hdr.sgml**: 20230227

**ACCESSION NUMBER**: 0001752724-23-041002

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230227

**DATE AS OF CHANGE**: 20230227

**PERIOD START**: 20230630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** HC CAPITAL TRUST
- **CENTRAL INDEX KEY:** 0000934563
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08918
- **FILM NUMBER:** 23670785

**BUSINESS ADDRESS:**
- **STREET 1:** 300 BARR HARBOR DRIVE, 5TH FLOOR
- **CITY:** WEST CONSHOHOCKEN
- **STATE:** PA
- **ZIP:** 19428
- **BUSINESS PHONE:** 610-828-7200

**MAIL ADDRESS:**
- **STREET 1:** 300 BARR HARBOR DRIVE, 5TH FLOOR
- **CITY:** WEST CONSHOHOCKEN
- **STATE:** PA
- **ZIP:** 19428

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HIRTLE CALLAGHAN TRUST
- **DATE OF NAME CHANGE:** 20100305

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HC CAPITAL TRUST
- **DATE OF NAME CHANGE:** 20100305

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HIRTLE CALLAGHAN TRUST
- **DATE OF NAME CHANGE:** 19941222

## Series and Classes Contracts Data

### The U.S. Corporate Fixed Income Securities Portfolio (Series ID: S000029853)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000091788 | HC Strategic Shares | HCXSX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** HC Capital Trust

- **b. Investment Company Act file number:** 811-08918

- **c. CIK number of Registrant:** 0000934563

- **d. LEI of Registrant:** 549300WBB2KZ0XDJW948

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** Five Tower Bridge, 300 Barr Harbor

  - **City:** West Conshohocken

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19428

  - **Telephone number:** 610-828-7200

**Item A.2. Information about the Series.**

- **a. Name of Series:** The U.S. Corporate Fixed Income Securities Portfolio

- **b. EDGAR series identifier (if any):** S000029853

- **c. LEI of Series:** 549300ZD0H1S50Q9GQ96

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2023-06-30

- **b. Date as of which information is reported:** 2022-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $260558925.64

**Total Liabilities:** $1023624.35

**Net Assets:** $259535301.29

**Cash Not Reported:** $116860.91

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** -218.14576139 | **1-Year:** -9674.13550911 | **5-Year:** -49307.86410836 | **10-Year:** -62902.26053474 | **30-Year:** -33647.90501041

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000091788 | -0.65%               | 4.64%                | -0.45%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-737909.55              | $-1665585.01                               |
| Month 2  | $-710490.16              | $11437577.76                               |
| Month 3  | $-40889.47               | $-2057717.12                               |

### Schedule of Portfolio Investments

| Name                                                     | Title                                         | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Virginia Electric and Power Company                      | VIRGINIA ELEC POWER CO                        | CUSIP: 927804FP4<br>LEI: CQKUMNNZVDJLRYV2PT43 | Long             | DBT              | CORP              | US        |    820000 | PA      | $720347.04    | 0.28%             | 2043-08-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| DEVON ENERGY CORPORATION                                 | BOCAN ENERGY CORPORATION                      | CUSIP: 25179MAV5<br>LEI: 54930042348RKR3ZPN35 | Long             | DBT              | CORP              | US        |    315000 | PA      | $320318.46    | 0.12%             | 2025-12-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Enbridge Inc.                                            | ENBRIDGE INC                                  | CUSIP: 29250NBE4<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   1365000 | PA      | $933892.05    | 0.36%             | 2051-08-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| AT&T INC.                                                | AT T INC                                      | CUSIP: 00206RLJ9<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   2519000 | PA      | $1693805.83   | 0.65%             | 2055-09-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| EQUINOR ASA                                              | STATOIL ASA                                   | CUSIP: 85771PAL6<br>LEI: OW6OFBNCKXC4US5C7523 | Long             | DBT              | CORP              | NO        |    560000 | PA      | $470384.88    | 0.18%             | 2043-05-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA GAS AND ELECTRIC COMPANY                        | OKLAHOMA G E CO                               | CUSIP: 678858BT7<br>LEI: 549300VJ8YXGPO8EV472 | Long             | DBT              | CORP              | US        |   2420000 | PA      | $2252262.54   | 0.87%             | 2028-08-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORPORATION                                   | CVS HEALTH CORP                               | CUSIP: 126650CN8<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    445000 | PA      | $407993.36    | 0.16%             | 2045-07-20      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                    | WELLS FARGO COMPANY                           | CUSIP: 95000U2A0<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   2190000 | PA      | $2029632.87   | 0.78%             | 2028-05-22      | Fixed         | 3.58%                 | No            |                  2 | On Loan: No      |
| THE INTERPUBLIC GROUP OF COMPANIES, INC.                 | INTERPUBLIC GROUP OF COS INC THE              | CUSIP: 460690BQ2<br>LEI: 5493008IUOJ5VWTRC333 | Long             | DBT              | CORP              | US        |    575000 | PA      | $521189.78    | 0.20%             | 2048-10-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| WESTROCK MWV, LLC                                        | WESTVACO CORP                                 | CUSIP: 961548AV6<br>LEI: 4DL8C98Z5G5IXZLH3578 | Long             | DBT              | CORP              | US        |    340000 | PA      | $384741.96    | 0.15%             | 2030-01-15      | Fixed         | 8.20%                 | No            |                  2 | On Loan: No      |
| ORANGE SA                                                | ORANGE SA                                     | CUSIP: 35177PAL1<br>LEI: 969500MCOONR8990S771 | Long             | DBT              | CORP              | FR        |   1143000 | PA      | $1395537.85   | 0.54%             | 2031-03-01      | Variable      | 9.00%                 | No            |                  2 | On Loan: No      |
| Nutrien Ltd.                                             | NUTRIEN LTD                                   | CUSIP: 67077MAW8<br>LEI: 5493002QQ7GD21OWF963 | Long             | DBT              | CORP              | CA        |   1012000 | PA      | $868238.32    | 0.33%             | 2030-05-13      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Eastern Energy Gas Holdings, LLC                         | DOMINION ENERGY GAS HLDG                      | CUSIP: 257375AP0<br>LEI: 549300BFOD6TDMVV4O24 | Long             | DBT              | CORP              | US        |    805000 | PA      | $687457.93    | 0.26%             | 2029-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CANADIAN NATURAL RESOURCES LIMITED                       | CANADIAN NATL RESOURCES                       | CUSIP: 136385AZ4<br>LEI: 549300T15RIMIKZC5Q38 | Long             | DBT              | CORP              | CA        |    880000 | PA      | $819959.36    | 0.32%             | 2025-07-15      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO.                                     | JP MORGAN CHASE CO                            | CUSIP: 46647PAR7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   5900000 | PA      | $5451393.50   | 2.10%             | 2029-04-23      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| THE WALT DISNEY COMPANY                                  | WALT DISNEY CO THE                            | CUSIP: 254687EV4<br>LEI: 549300GZKULIZ0WOW665 | Long             | DBT              | CORP              | US        |   1485000 | PA      | $1368682.92   | 0.53%             | 2044-09-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL HOLDINGS, INC.                    | NEXTERA ENERGY CAPITAL HOLDINGS INC           | CUSIP: 65339KBR0<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $821675.00    | 0.32%             | 2030-06-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| INTEL CORPORATION                                        | INTEL CORP                                    | CUSIP: 458140BG4<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |   1512000 | PA      | $1133729.35   | 0.44%             | 2047-12-08      | Fixed         | 3.73%                 | No            |                  2 | On Loan: No      |
| INTERNATIONAL BUSINESS MACHINES CORPORATION              | INTERNATIONAL BUSINESS MACHINES CORP          | CUSIP: 459200AM3<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |    200000 | PA      | $211553.00    | 0.08%             | 2025-10-30      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC.                                           | CITIGROUP INC                                 | CUSIP: 172967LW9<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    650000 | PA      | $592916.35    | 0.23%             | 2029-04-23      | Fixed         | 4.08%                 | No            |                  2 | On Loan: No      |
| DIAGEO CAPITAL PLC                                       | DIAGEO CAPITAL PLC                            | CUSIP: 25243YAH2<br>LEI: 213800L23DJLALFC4O95 | Long             | DBT              | CORP              | GB        |   1010000 | PA      | $1060166.70   | 0.41%             | 2036-09-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| THE HOME DEPOT, INC.                                     | HOME DEPOT INC                                | CUSIP: 437076AU6<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |   1210000 | PA      | $1237673.91   | 0.48%             | 2040-09-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| BUNGE LIMITED FINANCE CORP.                              | BUNGE LIMITED FINANCE CORP                    | CUSIP: 120568AX8<br>LEI: 549300QHC068L40NNM71 | Long             | DBT              | CORP              | US        |   1305000 | PA      | $1217658.96   | 0.47%             | 2026-08-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| COMCAST CORPORATION                                      | COMCAST CORP                                  | CUSIP: 20030NBK6<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |   2185000 | PA      | $1992612.94   | 0.77%             | 2044-03-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Iberdrola International B.V.                             | IBERDROLA INTL BV                             | CUSIP: 81013TAC5<br>LEI: 549300ZMLFJKWC63XN87 | Long             | DBT              | CORP              | NL        |   2225000 | PA      | $2263937.50   | 0.87%             | 2025-03-15      | Fixed         | 5.81%                 | No            |                  2 | On Loan: No      |
| AMGEN INC.                                               | AMGEN INC                                     | CUSIP: 031162CF5<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    135000 | PA      | $117458.78    | 0.05%             | 2051-06-15      | Fixed         | 4.66%                 | No            |                  2 | On Loan: No      |
| MARTIN MARIETTA MATERIALS, INC.                          | MARTIN MARIETTA MATERIALS                     | CUSIP: 573284AQ9<br>LEI: 5299005MZ4WZECVATV08 | Long             | DBT              | CORP              | US        |    789000 | PA      | $734872.23    | 0.28%             | 2027-06-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| FISERV, INC.                                             | FISERV INC                                    | CUSIP: 337738AU2<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |   1275000 | PA      | $1151887.28   | 0.44%             | 2029-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| INTERNATIONAL PAPER COMPANY                              | INTL PAPER CO                                 | CUSIP: 460146CH4<br>LEI: 824LMFJDH41EY779Q875 | Long             | DBT              | CORP              | US        |    795000 | PA      | $788963.57    | 0.30%             | 2041-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NETFLIX, INC.                                            | NETFLIX INC                                   | CUSIP: 64110LAL0<br>LEI: 549300Y7VHGU0I7CE873 | Long             | DBT              | CORP              | US        |    450000 | PA      | $455062.50    | 0.18%             | 2025-02-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION | NATIONAL RURAL UTIL COOP                      | CUSIP: 637432NV3<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |   1615000 | PA      | $1340399.94   | 0.52%             | 2030-03-15      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| THE HOME DEPOT, INC.                                     | HOME DEPOT INC                                | CUSIP: 437076BX9<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    345000 | PA      | $313870.65    | 0.12%             | 2048-12-06      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SABRA HEALTH CARE LIMITED PARTNERSHIP                    | SABRA HEALTH CARE LP                          | CUSIP: 78574MAA1<br>LEI: 549300OVKLRFSIQG0H81 | Long             | DBT              | CORP              | US        |    930000 | PA      | $692050.20    | 0.27%             | 2031-12-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Shell International Finance B.V.                         | SHELL INTERNATIONAL FIN                       | CUSIP: 822582AY8<br>LEI: 213800ITMMKU4Z7I4F78 | Long             | DBT              | CORP              | NL        |    910000 | PA      | $824720.26    | 0.32%             | 2043-08-12      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| LINCOLN NATIONAL CORPORATION                             | LINCOLN NATIONAL CORP                         | CUSIP: 534187BA6<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | DBT              | CORP              | US        |   1365000 | PA      | $1417679.45   | 0.55%             | 2040-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| AT&T INC.                                                | AT T INC                                      | CUSIP: 00206RHJ4<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   2250000 | PA      | $2136361.50   | 0.82%             | 2029-03-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| ROPER TECHNOLOGIES, INC.                                 | ROPER TECHNOLOGIES INC                        | CUSIP: 776743AF3<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |    864000 | PA      | $833244.19    | 0.32%             | 2028-09-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| WRKCO INC.                                               | WRKCO INC                                     | CUSIP: 92940PAB0<br>LEI: 549300JEB576INN13W07 | Long             | DBT              | CORP              | US        |   3045000 | PA      | $2996992.53   | 1.15%             | 2026-03-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| LA BANQUE TORONTO-DOMINION                               | TORONTO DOMINION BANK THE                     | CUSIP: 89114TZV7<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   2160000 | PA      | $1866456.00   | 0.72%             | 2032-03-10      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| HCA INC.                                                 | HCA INC                                       | CUSIP: 404119BR9<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   1890000 | PA      | $1890000.00   | 0.73%             | 2025-02-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| COMPAGNIE DE CHEMIN DE FER CANADIEN PACIFIQUE            | CANADIAN PACIFIC RAILWAY                      | CUSIP: 13648TAA5<br>LEI: 54930036474DURYNB481 | Long             | DBT              | CORP              | CA        |    665000 | PA      | $542042.17    | 0.21%             | 2030-03-05      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE PRODUCTS OPERATING LLC                        | ENTERPRISE PRODUCTS OPERATING LLC             | CUSIP: 29379VBA0<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |   2497000 | PA      | $2194473.47   | 0.85%             | 2044-03-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| COMCAST CABLE COMMUNICATIONS, LLC.                       | TCI COMMUNICATIONS INC                        | CUSIP: 872287AF4<br>LEI: 549300T2R1ZBGV1UVE31 | Long             | DBT              | CORP              | US        |   1850000 | PA      | $2002132.90   | 0.77%             | 2026-02-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC.                                           | CITIGROUP INC                                 | CUSIP: 172967MP3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2753664.00   | 1.06%             | 2031-03-31      | Fixed         | 4.41%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORPORATION                                   | CVS HEALTH CORP                               | CUSIP: 126650CY4<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   2415000 | PA      | $2219938.04   | 0.86%             | 2038-03-25      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS COMPANY                                   | GENERAL MOTORS CO                             | CUSIP: 37045VAN0<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |    428000 | PA      | $401990.44    | 0.15%             | 2027-10-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Eastern Energy Gas Holdings, LLC                         | DOMINION GAS HOLDINGS LLC                     | CUSIP: 257375AH8<br>LEI: 549300BFOD6TDMVV4O24 | Long             | DBT              | CORP              | US        |   1830000 | PA      | $1777643.70   | 0.68%             | 2024-12-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| BHP BILLITON FINANCE (USA) LIMITED                       | BHP BILLITON FINANCE USA LTD                  | CUSIP: 055451AV0<br>LEI: 5493003NUVITP3TMY274 | Long             | DBT              | CORP              | AU        |    645000 | PA      | $625720.31    | 0.24%             | 2043-09-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTHWEST AIRLINES CO.                                   | SOUTHWEST AIRLINES CO                         | CUSIP: 844741BK3<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | DBT              | CORP              | US        |   1095000 | PA      | $1083763.11   | 0.42%             | 2027-06-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| ATMOS ENERGY CORPORATION                                 | ATMOS ENERGY CORP                             | CUSIP: 049560AL9<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | DBT              | CORP              | US        |   1145000 | PA      | $955587.23    | 0.37%             | 2043-01-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| RELX Capital Inc.                                        | RELX CAPITAL INC                              | CUSIP: 74949LAD4<br>LEI: 2R15C3RTKJN1RCBOV146 | Long             | DBT              | CORP              | US        |   2501000 | PA      | $2139557.98   | 0.82%             | 2030-05-22      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| LYB International Finance B.V.                           | LYB INTL FINANCE BV                           | CUSIP: 50247VAC3<br>LEI: 549300J6QSW38QNOJK61 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $168779.20    | 0.07%             | 2044-03-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BERKSHIRE HATHAWAY ENERGY COMPANY                        | BERKSHIRE HATHAWAY                            | CUSIP: 084659AF8<br>LEI: 549300JD0S5IZJE9LY15 | Long             | DBT              | CORP              | US        |   1665000 | PA      | $1434487.41   | 0.55%             | 2045-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MARVELL TECHNOLOGY, INC                                  | MARVELL TECHNOLOGY INC                        | CUSIP: 573874AJ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    810000 | PA      | $653062.50    | 0.25%             | 2031-04-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Alabama Power Company                                    | ALABAMA POWER CO                              | CUSIP: 010392FR4<br>LEI: 0RL818ELFOHP5JHOFU19 | Long             | DBT              | CORP              | US        |    530000 | PA      | $400790.77    | 0.15%             | 2047-12-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| XTO ENERGY INC.                                          | XTO ENERGY INC                                | CUSIP: 98385XAM8<br>LEI: 50TT7TKGF8M78VJRP761 | Long             | DBT              | CORP              | US        |   1146000 | PA      | $1257309.83   | 0.48%             | 2037-08-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORPORATION                          | TOYOTA MOTOR CREDIT CORP                      | CUSIP: 89236TGY5<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |    560000 | PA      | $509069.68    | 0.20%             | 2030-04-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| EQUINOR ASA                                              | STATOIL ASA                                   | CUSIP: 85771PAC6<br>LEI: OW6OFBNCKXC4US5C7523 | Long             | DBT              | CORP              | NO        |    825000 | PA      | $807981.90    | 0.31%             | 2040-08-17      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| VENTAS REALTY, LIMITED PARTNERSHIP                       | VENTAS REALTY LP                              | CUSIP: 92277GAE7<br>LEI: 32SXKSJ72K64GM3HOU64 | Long             | DBT              | CORP              | US        |    475000 | PA      | $454331.80    | 0.18%             | 2025-02-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BROWN & BROWN, INC.                                      | BROWN BROWN INC                               | CUSIP: 115236AB7<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |   2705000 | PA      | $2506498.99   | 0.97%             | 2029-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH, INC.                                    | ANTHEM INC                                    | CUSIP: 036752AG8<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |   1980000 | PA      | $1898297.28   | 0.73%             | 2028-03-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| STATE STREET INSTITUTIONAL TREASURY MMKT                 | STATE STREET INSTITUTIONAL TREASURY MMKT      | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |   1265897 | NS      | $1265897.46   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROSOFT CORPORATION                                    | MICROSOFT CORP                                | CUSIP: 594918CF9<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |   2055000 | PA      | $1421151.69   | 0.55%             | 2062-03-17      | Fixed         | 3.04%                 | No            |                  2 | On Loan: No      |
| SABRA HEALTH CARE LIMITED PARTNERSHIP                    | CARE CAPITAL PROPERTIES WI                    | CUSIP: 14162VAB2<br>LEI: 549300OVKLRFSIQG0H81 | Long             | DBT              | CORP              | US        |    959000 | PA      | $911961.05    | 0.35%             | 2026-08-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CSX Corporation                                          | CSX CORPORATION                               | CUSIP: 126408GS6<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | DBT              | CORP              | US        |   2050000 | PA      | $2215773.25   | 0.85%             | 2040-04-30      | Fixed         | 6.22%                 | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH INBEV WORLDWIDE INC.                      | ANHEUSER BUSCH INBEV WOR                      | CUSIP: 035240AG5<br>LEI: 549300CRGMZK3K53BF92 | Long             | DBT              | CORP              | US        |   1880000 | PA      | $1767814.76   | 0.68%             | 2042-01-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS COMPANY                                   | GENERAL MOTORS CO                             | CUSIP: 37045VAV2<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |   3495000 | PA      | $3558934.04   | 1.37%             | 2025-10-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| SOUTHERN COMPANY GAS CAPITAL CORPORATION                 | SOUTHERN CO GAS CAPITAL                       | CUSIP: 8426EPAC2<br>LEI: E8CD46SWUD2TSN8PA636 | Long             | DBT              | CORP              | US        |    920000 | PA      | $736121.44    | 0.28%             | 2047-05-30      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                           | MORGAN STANLEY                                | CUSIP: 61747YEC5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1563703.20   | 0.60%             | 2027-07-20      | Fixed         | 1.51%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO.                                     | JPMORGAN CHASE CO                             | CUSIP: 46647PAF3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1045000 | PA      | $966324.04    | 0.37%             | 2028-05-01      | Fixed         | 3.54%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS COMPANY                                 | AMERICAN EXPRESS CO                           | CUSIP: 025816CY3<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   1970000 | PA      | $1930907.32   | 0.74%             | 2025-08-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORPORATION                                   | CVS HEALTH CORP                               | CUSIP: 126650CX6<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    822000 | PA      | $792862.57    | 0.31%             | 2028-03-25      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Deutsche Telekom International Finance B.V.              | DEUTSCHE TELEKOM INT FIN                      | CUSIP: 25156PAC7<br>LEI: 529900ERDFHS6C1M4U58 | Long             | DBT              | CORP              | NL        |   1106000 | PA      | $1304762.58   | 0.50%             | 2030-06-15      | Variable      | 8.75%                 | No            |                  2 | On Loan: No      |
| APPLE INC.                                               | APPLE INC                                     | CUSIP: 037833BX7<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |   2465000 | PA      | $2342595.50   | 0.90%             | 2046-02-23      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| COMCAST CORPORATION                                      | COMCAST CORP                                  | CUSIP: 20030NCE9<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    655000 | PA      | $519650.15    | 0.20%             | 2049-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NUCOR CORPORATION                                        | NUCOR CORP                                    | CUSIP: 670346AN5<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | DBT              | CORP              | US        |   1056000 | PA      | $1000769.09   | 0.39%             | 2043-08-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| The Travelers Companies, Inc.                            | TRAVELERS COMPANIES INC                       | CUSIP: 89417EAH2<br>LEI: 549300Y650407RU8B149 | Long             | DBT              | CORP              | US        |    475000 | PA      | $472086.35    | 0.18%             | 2040-11-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| VALERO ENERGY CORPORATION                                | VALERO ENERGY CORP                            | CUSIP: 91913YAL4<br>LEI: 549300XTO5VR8SKV1V74 | Long             | DBT              | CORP              | US        |   1190000 | PA      | $1263246.88   | 0.49%             | 2037-06-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| INTERNATIONAL BUSINESS MACHINES CORPORATION              | IBM CORP                                      | CUSIP: 459200JY8<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1265654.00   | 0.49%             | 2024-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| RELIANCE STEEL & ALUMINUM CO.                            | RELIANCE STEEL ALUM                           | CUSIP: 759509AG7<br>LEI: 549300E287ZOFT3C5Z56 | Long             | DBT              | CORP              | US        |    610000 | PA      | $480955.72    | 0.19%             | 2030-08-15      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC.                                              | ABBVIE INC                                    | CUSIP: 00287YAM1<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |   1954000 | PA      | $1705324.19   | 0.66%             | 2042-11-06      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| PFIZER INC.                                              | PFIZER INC                                    | CUSIP: 717081EJ8<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | DBT              | CORP              | US        |   1080000 | PA      | $976617.00    | 0.38%             | 2038-09-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                    | WELLS FARGO COMPANY                           | CUSIP: 95000U2G7<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   5380000 | PA      | $4574947.56   | 1.76%             | 2030-10-30      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| NATIONAL RETAIL PROPERTIES, INC.                         | NATIONAL RETAIL PROPERTIES INC                | CUSIP: 637417AN6<br>LEI: 5493008JKH5SOTI0JS97 | Long             | DBT              | CORP              | US        |   1580000 | PA      | $1277211.96   | 0.49%             | 2030-04-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS INC.                              | VERIZON COMMUNICATIONS INC                    | CUSIP: 92343VER1<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   1870000 | PA      | $1793758.23   | 0.69%             | 2028-09-21      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO.                                     | JP MORGAN CHASE CO                            | CUSIP: 46647PBD7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   3018000 | PA      | $2716725.13   | 1.05%             | 2030-05-06      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| TELEFONICA EMISIONES, S.A.U.                             | TELEFONICA EMISIONES SAU                      | CUSIP: 87938WAV5<br>LEI: 549300Y5MFC4SW5Z3K71 | Long             | DBT              | CORP              | ES        |    850000 | PA      | $674694.30    | 0.26%             | 2038-03-06      | Fixed         | 4.67%                 | No            |                  2 | On Loan: No      |
| SS INST TREAS PLUS MM FUN                                | SS INST TREAS PLUS MM FUN                     | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |   3167570 | NS      | $3167569.52   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| PRINCIPAL FINANCIAL GROUP, INC.                          | PRINCIPAL FINANCIAL GRP                       | CUSIP: 74251VAR3<br>LEI: CUMYEZJOAF02RYZ1JJ85 | Long             | DBT              | CORP              | US        |   1420000 | PA      | $1318602.06   | 0.51%             | 2029-05-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| PRUDENTIAL FINANCIAL, INC.                               | PRUDENTIAL FINANCIAL INC                      | CUSIP: 74432QBN4<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |    152000 | PA      | $164191.77    | 0.06%             | 2040-06-21      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| THE GOLDMAN SACHS GROUP, INC.                            | GOLDMAN SACHS GROUP INC                       | CUSIP: 38141GWL4<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   7890000 | PA      | $7327632.36   | 2.82%             | 2028-06-05      | Fixed         | 3.69%                 | No            |                  2 | On Loan: No      |
| SOUTHERN COMPANY GAS CAPITAL CORPORATION                 | SOUTHERN CO GAS CAPITAL                       | CUSIP: 001192AM5<br>LEI: E8CD46SWUD2TSN8PA636 | Long             | DBT              | CORP              | US        |    330000 | PA      | $307352.76    | 0.12%             | 2026-06-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC.                                              | ABBVIE INC                                    | CUSIP: 00287YBF5<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    750000 | PA      | $726266.25    | 0.28%             | 2028-11-14      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| UNITED PARCEL SERVICE, INC.                              | UNITED PARCEL SERVICE                         | CUSIP: 911312BQ8<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | DBT              | CORP              | US        |    140000 | PA      | $123847.08    | 0.05%             | 2049-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Northrop Grumman Corporation                             | NORTHROP GRUMMAN CORP                         | CUSIP: 666807BP6<br>LEI: RIMU48P07456QXSO0R61 | Long             | DBT              | CORP              | US        |   1210000 | PA      | $1005703.60   | 0.39%             | 2047-10-15      | Fixed         | 4.03%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INCORPORATED                          | UNITEDHEALTH GROUP INC                        | CUSIP: 91324PCR1<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    905000 | PA      | $850260.17    | 0.33%             | 2045-07-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| MARVELL TECHNOLOGY, INC                                  | MARVELL TECHNOLOGY INC                        | CUSIP: 573874AF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1275000 | PA      | $1077230.93   | 0.42%             | 2028-04-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS INC.                              | VERIZON COMMUNICATIONS                        | CUSIP: 92343VGK4<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   4580000 | PA      | $3449633.10   | 1.33%             | 2041-03-22      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| CANADIAN NATURAL RESOURCES LIMITED                       | CANADIAN NATL RESOURCE                        | CUSIP: 136385AX9<br>LEI: 549300T15RIMIKZC5Q38 | Long             | DBT              | CORP              | CA        |   2504000 | PA      | $2364136.58   | 0.91%             | 2027-06-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| VENTAS REALTY, LIMITED PARTNERSHIP                       | VENTAS REALTY LP                              | CUSIP: 92277GAN7<br>LEI: 32SXKSJ72K64GM3HOU64 | Long             | DBT              | CORP              | US        |    945000 | PA      | $882456.12    | 0.34%             | 2029-01-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| BUNGE LIMITED FINANCE CORP.                              | BUNGE LTD FINANCE CORP                        | CUSIP: 120568BC3<br>LEI: 549300QHC068L40NNM71 | Long             | DBT              | CORP              | US        |    705000 | PA      | $580456.82    | 0.22%             | 2031-05-14      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| ATMOS ENERGY CORPORATION                                 | ATMOS ENERGY CORP                             | CUSIP: 049560AM7<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | DBT              | CORP              | US        |    255000 | PA      | $209703.59    | 0.08%             | 2044-10-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Iberdrola International B.V.                             | IBERDROLA INTL BV                             | CUSIP: 29266MAF6<br>LEI: 549300ZMLFJKWC63XN87 | Long             | DBT              | CORP              | NL        |   1655000 | PA      | $1762753.74   | 0.68%             | 2036-07-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Federal Express Pass Through Trust                       | FEDEX CORP 2020 1 CLASS AA PASS THROUGH TRUST | CUSIP: 314353AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1933464 | PA      | $1569924.07   | 0.60%             | 2035-08-20      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH, INC.                                    | ANTHEM INC                                    | CUSIP: 94973VAY3<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |    790000 | PA      | $720179.80    | 0.28%             | 2042-05-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORPORATION                              | BANK OF AMERICA CORP                          | CUSIP: 06051GJT7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    585000 | PA      | $466611.80    | 0.18%             | 2032-04-22      | Fixed         | 2.69%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                           | MORGAN STANLEY                                | CUSIP: 6174468G7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   5085000 | PA      | $4737308.04   | 1.83%             | 2030-01-23      | Fixed         | 4.43%                 | No            |                  2 | On Loan: No      |
| INTERNATIONAL BUSINESS MACHINES CORPORATION              | IBM CORP                                      | CUSIP: 459200HF1<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |    560000 | PA      | $464061.36    | 0.18%             | 2042-06-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| THE INTERPUBLIC GROUP OF COMPANIES, INC.                 | INTERPUBLIC GROUP OF COMPANIES                | CUSIP: 460690BL3<br>LEI: 5493008IUOJ5VWTRC333 | Long             | DBT              | CORP              | US        |   1065000 | PA      | $1046658.57   | 0.40%             | 2024-04-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| BRITISH TELECOMMUNICATIONS PUBLIC LIMITED COMPANY        | BRITISH TELECOM PLC                           | CUSIP: 111021AE1<br>LEI: 549300OWFMSO9NYV4H90 | Long             | DBT              | CORP              | GB        |   1246000 | PA      | $1489892.04   | 0.57%             | 2030-12-15      | Variable      | 9.62%                 | No            |                  2 | On Loan: No      |
| LOCKHEED MARTIN CORPORATION                              | LOCKHEED MARTIN CORP                          | CUSIP: 539830BB4<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | DBT              | CORP              | US        |    655000 | PA      | $566471.51    | 0.22%             | 2042-12-15      | Fixed         | 4.07%                 | No            |                  2 | On Loan: No      |
| RELIANCE STEEL & ALUMINUM CO.                            | RELIANCE STEEL ALUMINUM CO                    | CUSIP: 759509AF9<br>LEI: 549300E287ZOFT3C5Z56 | Long             | DBT              | CORP              | US        |    809000 | PA      | $729885.46    | 0.28%             | 2025-08-15      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| America Movil, S.A.B. de C.V.                            | AMERICA MOVIL SAB DE CV                       | CUSIP: 02364WAP0<br>LEI: 5493000FNR3UCEAONM59 | Long             | DBT              | CORP              | MX        |    850000 | PA      | $892756.70    | 0.34%             | 2037-11-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB COMPANY                             | BRISTOL MYERS SQUIBB CO                       | CUSIP: 110122CR7<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |   1245000 | PA      | $1083375.35   | 0.42%             | 2049-10-26      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| AMGEN INC.                                               | AMGEN INC                                     | CUSIP: 031162DH0<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |   1285000 | PA      | $1203199.47   | 0.46%             | 2029-08-18      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                       | SUNOCO LOGISTICS PARTNERS                     | CUSIP: 86765BAM1<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   1625000 | PA      | $1312566.13   | 0.51%             | 2043-01-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| THE INTERPUBLIC GROUP OF COMPANIES, INC.                 | INTERPUBLIC GROUP COS                         | CUSIP: 460690BR0<br>LEI: 5493008IUOJ5VWTRC333 | Long             | DBT              | CORP              | US        |      2000 | PA      | $1883.88      | 0.00%             | 2030-03-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PFIZER INC.                                              | PFIZER INC                                    | CUSIP: 717081DE0<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | DBT              | CORP              | US        |    400000 | PA      | $367590.80    | 0.14%             | 2043-06-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| VODAFONE GROUP PUBLIC LIMITED COMPANY                    | VODAFONE GROUP PLC                            | CUSIP: 92857WBJ8<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |    475000 | PA      | $467216.18    | 0.18%             | 2025-05-30      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| GILEAD SCIENCES, INC.                                    | GILEAD SCIENCES INC                           | CUSIP: 375558BA0<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |   1155000 | PA      | $1015985.36   | 0.39%             | 2045-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Philip Morris International Inc.                         | PHILIP MORRIS INTERNATIONAL INC               | CUSIP: 718172BQ1<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   2640000 | PA      | $2532628.56   | 0.98%             | 2025-08-11      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| MOHAWK INDUSTRIES, INC.                                  | MOHAWK INDUSTRIES INC                         | CUSIP: 608190AL8<br>LEI: 549300JI1115MG3Q6322 | Long             | DBT              | CORP              | US        |    960000 | PA      | $826018.56    | 0.32%             | 2030-05-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| DIGITAL REALTY TRUST, L.P.                               | DIGITAL REALTY TRUST LP                       | CUSIP: 25389JAT3<br>LEI: CD4SPTZ3YBTHY0C1AH38 | Long             | DBT              | CORP              | US        |   1958000 | PA      | $1849325.13   | 0.71%             | 2028-07-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA, INC.                                       | T MOBILE USA INC                              | CUSIP: 87264ABR5<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    720000 | PA      | $655954.56    | 0.25%             | 2026-02-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| VENTAS REALTY, LIMITED PARTNERSHIP                       | VENTAS REALTY LP                              | CUSIP: 92277GAD9<br>LEI: 32SXKSJ72K64GM3HOU64 | Long             | DBT              | CORP              | US        |    670000 | PA      | $652153.88    | 0.25%             | 2024-05-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORPORATION                              | BANK OF AMERICA CORP                          | CUSIP: 06051GHQ5<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   5225000 | PA      | $4730291.78   | 1.82%             | 2030-02-07      | Fixed         | 3.97%                 | No            |                  2 | On Loan: No      |
| Vanguard Short-Term Corporate Bond Idx Fd                | VANGUARD SHORT TERM CORPORATE BOND ETF        | CUSIP: 92206C409<br>LEI: N/A                  | Long             |  | RF                | US        |    503100 | NS      | $37828089.00  | 14.58%            |  |  |  | No            |                  1 | On Loan: No      |
| Northrop Grumman Corporation                             | NORTHROP GRUMMAN CORP                         | CUSIP: 666807BS0<br>LEI: RIMU48P07456QXSO0R61 | Long             | DBT              | CORP              | US        |    205000 | PA      | $196906.19    | 0.08%             | 2030-05-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Progress Energy, Inc.                                    | PROGRESS ENERGY INC                           | CUSIP: 743263AP0<br>LEI: 549300FBMTW0JYWMNB26 | Long             | DBT              | CORP              | US        |   2534000 | PA      | $2531569.89   | 0.98%             | 2039-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ORACLE CORPORATION                                       | ORACLE CORP                                   | CUSIP: 68389XBF1<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   1460000 | PA      | $1106843.52   | 0.43%             | 2045-05-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Federated Hermes Treasury Obli                           | FED HERM TREASURY OBLIGA-INS                  | CUSIP: 60934N500<br>LEI: N/A                  | Long             | STIV             | RF                | US        |      4912 | NS      | $4912.50      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| DELL INTERNATIONAL L.L.C.                                | DELL INTERNATIONAL LLC EMC CORP               | CUSIP: 24703TAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1230000 | PA      | $1210171.17   | 0.47%             | 2026-10-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORPORATION                              | BANK OF AMERICA CORP                          | CUSIP: 06051GHD4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   5291000 | PA      | $4791550.76   | 1.85%             | 2028-12-20      | Fixed         | 3.42%                 | No            |                  2 | On Loan: No      |
| VODAFONE GROUP PUBLIC LIMITED COMPANY                    | VODAFONE GROUP PLC                            | CUSIP: 92857WAQ3<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |    826000 | PA      | $834943.93    | 0.32%             | 2037-02-27      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| COMCAST CORPORATION                                      | COMCAST CORP                                  | CUSIP: 20030NBE0<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    295000 | PA      | $266536.04    | 0.10%             | 2042-07-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| PRUDENTIAL FINANCIAL, INC.                               | PRUDENTIAL FINANCIAL INC                      | CUSIP: 74432QCA1<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |   1095000 | PA      | $974183.18    | 0.38%             | 2044-05-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Philip Morris International Inc.                         | PHILIP MORRIS INTL INC                        | CUSIP: 718172AP4<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   1435000 | PA      | $1203085.35   | 0.46%             | 2042-03-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MARTIN MARIETTA MATERIALS, INC.                          | MARTIN MARIETTA MATERIALS INC                 | CUSIP: 573284AT3<br>LEI: 5299005MZ4WZECVATV08 | Long             | DBT              | CORP              | US        |   1355000 | PA      | $1255377.69   | 0.48%             | 2027-12-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                    | WELLS FARGO COMPANY                           | CUSIP: 95000U2D4<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    660000 | PA      | $620675.22    | 0.24%             | 2029-01-24      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION BRANDS, INC.                               | CONSTELLATION BRANDS INC                      | CUSIP: 21036PBE7<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |   2195000 | PA      | $1928129.71   | 0.74%             | 2029-08-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| RAYTHEON TECHNOLOGIES CORPORATION                        | UNITED TECHNOLOGIES CORP                      | CUSIP: 913017BT5<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    674000 | PA      | $609390.36    | 0.23%             | 2042-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CONSOLIDATED EDISON COMPANY OF NEW YORK, INC.            | CONSOLIDATED EDISON CO OF NY                  | CUSIP: 209111EU3<br>LEI: VZFZPMWDHTQCFKYOBP05 | Long             | DBT              | CORP              | US        |    175000 | PA      | $190654.45    | 0.07%             | 2038-04-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| AMGEN INC.                                               | AMGEN INC                                     | CUSIP: 031162CR9<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |   1935000 | PA      | $1431961.92   | 0.55%             | 2040-02-21      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Virginia Electric and Power Company                      | VIRGINIA ELEC POWER CO                        | CUSIP: 927804FY5<br>LEI: CQKUMNNZVDJLRYV2PT43 | Long             | DBT              | CORP              | US        |    625000 | PA      | $480651.88    | 0.19%             | 2047-09-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE ELECTRIC AND GAS COMPANY                  | PUB SVC ELEC GAS                              | CUSIP: 74456QBA3<br>LEI: 549300RUHPVD434XUK18 | Long             | DBT              | CORP              | US        |    265000 | PA      | $211199.44    | 0.08%             | 2042-09-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| INTEL CORPORATION                                        | INTEL CORP                                    | CUSIP: 458140BZ2<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |   1555000 | PA      | $1481656.87   | 0.57%             | 2029-08-05      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Enbridge Inc.                                            | ENBRIDGE INC                                  | CUSIP: 29250NAR6<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |      1000 | PA      | $937.42       | 0.00%             | 2027-07-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| DEVON ENERGY CORPORATION                                 | DEVON ENERGY CORPORATION                      | CUSIP: 25179MAL7<br>LEI: 54930042348RKR3ZPN35 | Long             | DBT              | CORP              | US        |   1565000 | PA      | $1462469.03   | 0.56%             | 2041-07-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| LINCOLN NATIONAL CORPORATION                             | LINCOLN NATIONAL CORP                         | CUSIP: 534187BH1<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1844226.00   | 0.71%             | 2028-03-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| BP CAPITAL MARKETS AMERICA INC.                          | BP CAPITAL MARKETS AMERICA INC                | CUSIP: 10373QBG4<br>LEI: 5493009NTB34VXE1T760 | Long             | DBT              | CORP              | US        |    265000 | PA      | $178895.14    | 0.07%             | 2050-02-24      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MICROCHIP TECHNOLOGY INCORPORATED                        | MICROCHIP TECHNOLOGY INC                      | CUSIP: 595017BA1<br>LEI: 5493007PTFULNYZJ1R12 | Long             | DBT              | CORP              | US        |   1556000 | PA      | $1509953.29   | 0.58%             | 2025-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| OVINTIV EXPLORATION INC.                                 | NEWFIELD EXPLORATION CO                       | CUSIP: 651290AR9<br>LEI: T8W3X1PFLPW2YE0UIP44 | Long             | DBT              | CORP              | US        |   3175000 | PA      | $3143250.00   | 1.21%             | 2026-01-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC.                                           | CITIGROUP INC                                 | CUSIP: 172967NX5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   3720000 | PA      | $3734106.24   | 1.44%             | 2026-09-29      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| AT&T INC.                                                | AT T INC                                      | CUSIP: 00206RDK5<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    875000 | PA      | $709570.75    | 0.27%             | 2049-03-09      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH COMPANIES, LLC                            | ANHEUSER BUSCH CO INBEV                       | CUSIP: 03522AAJ9<br>LEI: 5493002J2SVENP0PVK27 | Long             | DBT              | CORP              | US        |   1790000 | PA      | $1625989.46   | 0.63%             | 2046-02-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN, INC.                                      | KINDER MORGAN INC DELAWA                      | CUSIP: 49456BAH4<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |   1665000 | PA      | $1522692.45   | 0.59%             | 2045-06-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| ROCKWELL COLLINS, INC.                                   | ROCKWELL COLLINS INC                          | CUSIP: 774341AK7<br>LEI: XO75O7GICH1NPWLBRL05 | Long             | DBT              | CORP              | US        |   1244000 | PA      | $1173192.76   | 0.45%             | 2027-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: —       |
| Alabama Power Company                                    | ALABAMA POWER CO                              | CUSIP: 010392FL7<br>LEI: 0RL818ELFOHP5JHOFU19 | Long             | DBT              | CORP              | US        |    155000 | PA      | $127560.51    | 0.05%             | 2044-08-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| E. I. DU PONT DE NEMOURS AND COMPANY                     | E I DU PONT DE NEMOURS                        | CUSIP: 263534CP2<br>LEI: GLU7INWNWH88J9XBXD45 | Long             | DBT              | CORP              | US        |    685000 | PA      | $571450.29    | 0.22%             | 2030-07-15      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| NVIDIA CORPORATION                                       | NVIDIA CORP                                   | CUSIP: 67066GAF1<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | DBT              | CORP              | US        |    955000 | PA      | $836271.54    | 0.32%             | 2030-04-01      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CORPORATION                        | CAPITAL ONE FINANCIAL CORP                    | CUSIP: 14040HCU7<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2937834.00   | 1.13%             | 2026-07-24      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| The Travelers Companies, Inc.                            | TRAVELERS COS INC                             | CUSIP: 89417EAD1<br>LEI: 549300Y650407RU8B149 | Long             | DBT              | CORP              | US        |    901000 | PA      | $975015.35    | 0.38%             | 2037-06-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CISCO SYSTEMS, INC.                                      | CISCO SYSTEMS INC                             | CUSIP: 17275RAF9<br>LEI: 549300LKFJ962MZ46593 | Long             | DBT              | CORP              | US        |    310000 | PA      | $323561.57    | 0.12%             | 2040-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Shell International Finance B.V.                         | SHELL INTERNATIONAL FIN                       | CUSIP: 822582BE1<br>LEI: 213800ITMMKU4Z7I4F78 | Long             | DBT              | CORP              | NL        |    893000 | PA      | $826589.38    | 0.32%             | 2035-05-11      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Capital One Bank (USA), National Association             | CAPITAL ONE BANK USA NA                       | CUSIP: 14042TCT2<br>LEI: LKE37K2B8CFZUR7F9816 | Long             | DBT              | CORP              | US        |    500000 | PA      | $468339.50    | 0.18%             | 2026-01-28      | Fixed         | 2.28%                 | No            |                  2 | On Loan: No      |
| CHARTER COMMUNICATIONS OPERATING, LLC                    | CHARTER COMMUNICATIONS OPERATING LLC          | CUSIP: 161175BR4<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |   3930000 | PA      | $3696573.72   | 1.42%             | 2029-03-30      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                       | ENERGY TRANSFER PARTNERS                      | CUSIP: 29278NAF0<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    800000 | PA      | $769935.20    | 0.30%             | 2028-06-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INCORPORATED                          | UNITEDHEALTH GROUP INC                        | CUSIP: 91324PBU5<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    810000 | PA      | $745306.92    | 0.29%             | 2041-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-30

**Name of Applicant:** HC Capital Trust

**Signature:** Kenneth Schiltz

**Name of Signer:** Kenneth Schiltz

**Title:** Asst. Treasurer