HC Capital Trust Intermediate Term Municipal Bond Portfolio – HC Strategic Shares is an open-end mutual fund focused on tax-exempt fixed income. The portfolio primarily invests in investment-grade municipal securities with intermediate maturities, seeking federally tax-exempt income while balancing interest-rate risk and credit quality across states, sectors, and issuers. It employs a multi-manager structure, allowing specialized external managers to implement diversified strategies within the municipal market under the Trust’s oversight. The fund may use active and passive approaches to align exposures with its benchmark and manage duration, sector allocation, and security selection. Its mandate emphasizes high-quality municipal credits, including general obligation and revenue bonds that finance essential public projects such as transportation, utilities, education, and healthcare infrastructure. Regular income distributions are a core feature, reflecting the underlying coupon cash flows typical of municipal bonds. Positioned as a core tax-sensitive fixed income holding, the portfolio aims to provide consistent, tax-advantaged income and intermediate interest-rate exposure within diversified asset allocations.
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