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          <transferAgent>
            <transferAgentName>FIS Investor Services, LLC</transferAgentName>
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        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
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          <pricingService>
            <pricingServiceName>Interactive Data Corporation</pricingServiceName>
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          <pricingService>
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            <principalName>U.S. BANCORP INVESTMENTS INC.</principalName>
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            <principalLei>H85Z6XZP8B10ES0M2G89</principalLei>
            <principalStateCountry principalState="US-MN" principalCountry="US"/>
            <principalTotalPurchaseSale>14150648.38</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>STATE STREET GLOBAL MARKETS, LLC</principalName>
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            <principalStateCountry principalState="US-MA" principalCountry="US"/>
            <principalTotalPurchaseSale>355201637.11</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>MORGAN STANLEY &amp; CO. LLC</principalName>
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            <principalTotalPurchaseSale>23306425.00</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>CITIGROUP GLOBAL MARKETS INC.</principalName>
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            <principalStateCountry principalState="US-NY" principalCountry="US"/>
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          </principalTransaction>
        </principalTransactions>
        <principalAggregatePurchase>620440591.18</principalAggregatePurchase>
        <isBrokerageResearchPayment>N</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>326742960.00</mnthlyAvgNetAssets>
        <hasLineOfCredit>N</hasLineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
      </managementInvestmentQuestion>
      <managementInvestmentQuestion>
        <mgmtInvFundName>The Value Equity Portfolio</mgmtInvFundName>
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        <mgmtInvLei>549300P6XDFKEMDWPG87</mgmtInvLei>
        <isFirstFilingByFund>N</isFirstFilingByFund>
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        <numTerminatedClass>0</numTerminatedClass>
        <sharesOutstandings>
          <sharesOutstanding sharesOutstandingClassName="HC Advisors Shares" sharesOutstandingClassId="C000085457" sharesOutstandingTickerSymbol="HCVPX"/>
          <sharesOutstanding sharesOutstandingClassName="HC Strategic Shares" sharesOutstandingClassId="C000025693" sharesOutstandingTickerSymbol="HCVEX"/>
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        <fundType>N/A</fundType>
        <isNonDiversifiedCompany>N</isNonDiversifiedCompany>
        <isForeignSubsidiary>N</isForeignSubsidiary>
        <isFundSecuritiesLending>Y</isFundSecuritiesLending>
        <fundLendSecurities didFundLendSecurities="Y">
          <isFundLiquidated>N</isFundLiquidated>
          <isFundAdverselyImpacted>N</isFundAdverselyImpacted>
        </fundLendSecurities>
        <securityLendings>
          <securityLending>
            <securitiesAgentName>Citibank, National Association</securitiesAgentName>
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            <isSecurityAgentIdemnity>N</isSecurityAgentIdemnity>
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        </securityLendings>
        <paymentToAgentManagers>
          <paymentToAgentManagerType>Revenue sharing split</paymentToAgentManagerType>
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        <avgPortfolioSecuritiesValue>307633.50</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>15589.52</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 12d1-1 (17 CFR 270.12d1-1)</relyOnRuleType>
          <relyOnRuleType>Rule 32a-4 (17 CFR 270.32a-4)</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>N</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>N</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>HC Capital Solutions an operating division of Hirtle Callaghan &amp; Co., LLC</investmentAdviserName>
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            <investmentAdviserLei>N/A</investmentAdviserLei>
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          </investmentAdviser>
        </investmentAdvisers>
        <subAdvisers>
          <subAdviser>
            <subAdviserName>Mellon Investments Corporation</subAdviserName>
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            <isSubAdviserAffiliated>N</isSubAdviserAffiliated>
            <subAdviserStateCountry subAdviserState="US-CA" subAdviserCountry="US"/>
            <isSubAdviserHired>N</isSubAdviserHired>
          </subAdviser>
          <subAdviser>
            <subAdviserName>Parametric Portfolio Associates, LLC</subAdviserName>
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            <isSubAdviserAffiliated>N</isSubAdviserAffiliated>
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            <isSubAdviserHired>N</isSubAdviserHired>
          </subAdviser>
          <subAdviser>
            <subAdviserName>Cadence Capital Management, LLC</subAdviserName>
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            <isSubAdviserAffiliated>N</isSubAdviserAffiliated>
            <subAdviserStateCountry subAdviserState="US-MA" subAdviserCountry="US"/>
            <isSubAdviserHired>N</isSubAdviserHired>
          </subAdviser>
          <subAdviser>
            <subAdviserName>Echo Street Capital Management, LLC</subAdviserName>
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            <subAdviserCrdNo>000160268</subAdviserCrdNo>
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            <isSubAdviserAffiliated>N</isSubAdviserAffiliated>
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            <subAdviserHired isSubAdviserHired="Y" subAdviserStartDate="2019-12-10"/>
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          <subAdviser>
            <subAdviserName>Frontier Capital Management Company, LLC</subAdviserName>
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            <isSubAdviserAffiliated>N</isSubAdviserAffiliated>
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            <subAdviserHired isSubAdviserHired="Y" subAdviserStartDate="2019-12-10"/>
          </subAdviser>
        </subAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>FIS Investor Services, LLC</transferAgentName>
            <transferAgentFileNo>084-06522</transferAgentFileNo>
            <transferAgentLei>N/A</transferAgentLei>
            <transferAgentStateCountry transferAgentState="US-OH" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>N</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>Bloomberg L.P.</pricingServiceName>
            <pricingServiceLei>N/A</pricingServiceLei>
            <pricingServiceIdNumberDesc>N/A</pricingServiceIdNumberDesc>
            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
          <pricingService>
            <pricingServiceName>Interactive Data Corporation</pricingServiceName>
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            <pricingServiceIdNumberDesc>N/A</pricingServiceIdNumberDesc>
            <pricingServiceStateCountry pricingServiceState="US-MA" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
          <pricingService>
            <pricingServiceName>Refinitiv US LLC</pricingServiceName>
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            <pricingServiceIdNumberDesc>N/A</pricingServiceIdNumberDesc>
            <pricingServiceStateCountry pricingServiceState="US-DE" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
        </pricingServices>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>State Street Bank and Trust Company</custodianName>
            <custodianLei>571474TGEMMWANRLN572</custodianLei>
            <custodianStateCountry custodianState="US-MA" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <shareholderServicingAgents>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>FIS Investor Services, LLC</shareholderServiceAgentName>
            <shareholderServiceAgentLei>N/A</shareholderServiceAgentLei>
            <shareholderServiceIdNumberDesc>N/A</shareholderServiceIdNumberDesc>
            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-OH" shareholderServiceAgentCountry="US"/>
            <isShareholderServiceAgentAffiliated>N</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
          </shareholderServicingAgent>
        </shareholderServicingAgents>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>Citi Fund Services Ohio, Inc.</adminName>
            <adminLei>549300OX9HIV34JOX333</adminLei>
            <adminStateCountry adminState="US-OH" adminCountry="US"/>
            <isAdminAffiliated>N</isAdminAffiliated>
            <isAdminSubAdmin>N</isAdminSubAdmin>
          </admin>
        </admins>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <brokers>
          <broker>
            <brokerName>LOOP CAPITAL MARKETS LLC</brokerName>
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            <brokerCrdNo>000043098</brokerCrdNo>
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            <brokerStateCountry brokerState="US-IL" brokerCountry="US"/>
            <grossCommission>15361.80000000</grossCommission>
          </broker>
          <broker>
            <brokerName>GOLDMAN SACHS &amp; CO. LLC</brokerName>
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            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>1602.12000000</grossCommission>
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          <broker>
            <brokerName>BNP PARIBAS SECURITIES CORP.</brokerName>
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            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>167.48000000</grossCommission>
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          <broker>
            <brokerName>JEFFERIES LLC</brokerName>
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          <broker>
            <brokerName>Brighton Securities</brokerName>
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          <broker>
            <brokerName>CITIGROUP GLOBAL MARKETS INC.</brokerName>
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          <broker>
            <brokerName>MORGAN STANLEY &amp; CO. LLC</brokerName>
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          <broker>
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        <aggregateCommission>61837.88000000</aggregateCommission>
        <principalTransactions>
          <principalTransaction>
            <principalName>STATE STREET GLOBAL MARKETS, LLC</principalName>
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          <principalTransaction>
            <principalName>LOOP CAPITAL MARKETS LLC</principalName>
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          <principalTransaction>
            <principalName>MORGAN STANLEY &amp; CO. LLC</principalName>
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        <isBrokerageResearchPayment>Y</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>563293796.20000000</mnthlyAvgNetAssets>
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      <managementInvestmentQuestion>
        <mgmtInvFundName>The Intermediate Term Municipal Bond Portfolio</mgmtInvFundName>
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        <sharesOutstandings>
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        <fundType>N/A</fundType>
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        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>N/A</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>N/A</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 12d1-1 (17 CFR 270.12d1-1)</relyOnRuleType>
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        <isExpenseLimitationInPlace>N</isExpenseLimitationInPlace>
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        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>HC Capital Solutions an operating division of Hirtle Callaghan &amp; Co., LLC</investmentAdviserName>
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            <subAdviserName>City of London Investment Management Company, Limited</subAdviserName>
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            <subAdviserCountry>GB</subAdviserCountry>
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        <transferAgents>
          <transferAgent>
            <transferAgentName>FIS Investor Services, LLC</transferAgentName>
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        <pricingServices>
          <pricingService>
            <pricingServiceName>Standard &amp; Poor's</pricingServiceName>
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          <pricingService>
            <pricingServiceName>PricingDirect Inc.</pricingServiceName>
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            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
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          <pricingService>
            <pricingServiceName>Interactive Data Corporation</pricingServiceName>
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            <pricingServiceIdNumberDesc>N/A</pricingServiceIdNumberDesc>
            <pricingServiceStateCountry pricingServiceState="US-MA" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
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          <pricingService>
            <pricingServiceName>Bloomberg L.P.</pricingServiceName>
            <pricingServiceLei>N/A</pricingServiceLei>
            <pricingServiceIdNumberDesc>N/A</pricingServiceIdNumberDesc>
            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
          <pricingService>
            <pricingServiceName>Refinitiv US LLC</pricingServiceName>
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            <pricingServiceStateCountry pricingServiceState="US-DE" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
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        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
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            <custodianName>State Street Bank and Trust Company</custodianName>
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            <isCustodianAffiliated>N</isCustodianAffiliated>
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            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
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        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <shareholderServicingAgents>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>FIS Investor Services, LLC</shareholderServiceAgentName>
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            <shareholderServiceIdNumberDesc>N/A</shareholderServiceIdNumberDesc>
            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-OH" shareholderServiceAgentCountry="US"/>
            <isShareholderServiceAgentAffiliated>N</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
          </shareholderServicingAgent>
        </shareholderServicingAgents>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>Citi Fund Services Ohio, Inc.</adminName>
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            <adminStateCountry adminState="US-OH" adminCountry="US"/>
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          <transferAgent>
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        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
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          <pricingService>
            <pricingServiceName>Interactive Data Corporation</pricingServiceName>
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          <pricingService>
            <pricingServiceName>Bloomberg L.P.</pricingServiceName>
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            <pricingServiceName>Refinitiv US LLC</pricingServiceName>
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      </managementInvestmentQuestion>
      <managementInvestmentQuestion>
        <mgmtInvFundName>The Corporate Opportunities Portfolio</mgmtInvFundName>
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        <fundLendSecurities didFundLendSecurities="Y">
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          <securityLending>
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          <paymentToAgentManagerType>Revenue sharing split</paymentToAgentManagerType>
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          <relyOnRuleType>Rule 12d1-1 (17 CFR 270.12d1-1)</relyOnRuleType>
          <relyOnRuleType>Rule 32a-4 (17 CFR 270.32a-4)</relyOnRuleType>
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        <investmentAdvisers>
          <investmentAdviser>
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            <subAdviserName>Fort Washington Investment Advisors, Inc.</subAdviserName>
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        <transferAgents>
          <transferAgent>
            <transferAgentName>FIS Investor Services, LLC</transferAgentName>
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          <pricingService>
            <pricingServiceName>Standard and Poor's</pricingServiceName>
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          <pricingService>
            <pricingServiceName>PricingDirect Inc.</pricingServiceName>
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          <pricingService>
            <pricingServiceName>Refinitiv US LLC</pricingServiceName>
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          <pricingService>
            <pricingServiceName>Bloomberg L.P.</pricingServiceName>
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            <pricingServiceName>Interactive Data Corporation</pricingServiceName>
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            <pricingServiceName>CME</pricingServiceName>
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        <custodians>
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            <shareholderServiceAgentName>FIS Investor Services, LLC</shareholderServiceAgentName>
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        <admins>
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      <managementInvestmentQuestion>
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          <principalTransaction>
            <principalName>Siebert Cisneros Shank</principalName>
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          </principalTransaction>
          <principalTransaction>
            <principalName>BARCLAYS CAPITAL INC.</principalName>
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            <principalLei>AC28XWWI3WIBK2824319</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
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          </principalTransaction>
        </principalTransactions>
        <principalAggregatePurchase>62201084.20</principalAggregatePurchase>
        <isBrokerageResearchPayment>N</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>78137702.68000000</mnthlyAvgNetAssets>
        <hasLineOfCredit>N</hasLineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
      </managementInvestmentQuestion>
      <managementInvestmentQuestion>
        <mgmtInvFundName>The U.S. Government Fixed Income Securities Portfolio</mgmtInvFundName>
        <mgmtInvSeriesId>S000029852</mgmtInvSeriesId>
        <mgmtInvLei>549300R2MO8O37TM5195</mgmtInvLei>
        <isFirstFilingByFund>N</isFirstFilingByFund>
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        <numTerminatedClass>0</numTerminatedClass>
        <sharesOutstandings>
          <sharesOutstanding sharesOutstandingClassName="HC Strategic Shares" sharesOutstandingClassId="C000091786" sharesOutstandingTickerSymbol="HCUSX"/>
          <sharesOutstanding sharesOutstandingClassName="HC Advisors Shares" sharesOutstandingClassId="C000091787" sharesOutstandingTickerSymbol="HCUAX"/>
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        <fundType>N/A</fundType>
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        <isFundSecuritiesLending>N</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>N/A</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>N/A</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 12d1-1 (17 CFR 270.12d1-1)</relyOnRuleType>
          <relyOnRuleType>Rule 32a-4 (17 CFR 270.32a-4)</relyOnRuleType>
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        <isExpenseLimitationInPlace>N</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>N</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>HC Capital Solutions an operating division of Hirtle Callaghan &amp; Co., LLC</investmentAdviserName>
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        <subAdvisers>
          <subAdviser>
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        <transferAgents>
          <transferAgent>
            <transferAgentName>FIS Investor Services, LLC</transferAgentName>
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            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
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        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
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          <pricingService>
            <pricingServiceName>Bloomberg L.P.</pricingServiceName>
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          <pricingService>
            <pricingServiceName>Interactive Data Corporation</pricingServiceName>
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          <pricingService>
            <pricingServiceName>PricingDirect Inc.</pricingServiceName>
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            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
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          <pricingService>
            <pricingServiceName>Refinitiv US LLC</pricingServiceName>
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            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
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        </pricingServices>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>State Street Bank and Trust Company</custodianName>
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        </custodians>
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        <shareholderServicingAgents>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>FIS Investor Services, LLC</shareholderServiceAgentName>
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            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-OH" shareholderServiceAgentCountry="US"/>
            <isShareholderServiceAgentAffiliated>N</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
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        </shareholderServicingAgents>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>Citi Fund Services Ohio, Inc.</adminName>
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            <isAdminSubAdmin>N</isAdminSubAdmin>
          </admin>
        </admins>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <aggregateCommission>0</aggregateCommission>
        <principalTransactions>
          <principalTransaction>
            <principalName>STATE STREET GLOBAL MARKETS, LLC</principalName>
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          <principalTransaction>
            <principalName>NOMURA SECURITIES INTERNATIONAL, INC.</principalName>
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          <principalTransaction>
            <principalName>BARCLAYS CAPITAL INC.</principalName>
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          <principalTransaction>
            <principalName>HSBC SECURITIES (USA) INC</principalName>
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          <principalTransaction>
            <principalName>BMO CAPITAL MARKETS CORP.</principalName>
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          <principalTransaction>
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        <isBrokerageResearchPayment>N</isBrokerageResearchPayment>
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      <managementInvestmentQuestion>
        <mgmtInvFundName>The Institutional International Equity Portfolio</mgmtInvFundName>
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        <sharesOutstandings>
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        <fundType>N/A</fundType>
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        <isFundSecuritiesLending>Y</isFundSecuritiesLending>
        <fundLendSecurities didFundLendSecurities="Y">
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        </securityLendings>
        <paymentToAgentManagers>
          <paymentToAgentManagerType>Revenue sharing split</paymentToAgentManagerType>
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          <relyOnRuleType>Rule 32a-4 (17 CFR 270.32a-4)</relyOnRuleType>
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        <isExpenseLimitationInPlace>N</isExpenseLimitationInPlace>
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        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>HC Capital Solutions an operating division of Hirtle Callaghan &amp; Co., LLC</investmentAdviserName>
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            <subAdviserCountry>GB</subAdviserCountry>
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            <isSubAdviserHired>N</isSubAdviserHired>
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          <subAdviser>
            <subAdviserName>Lazard Asset Management LLC</subAdviserName>
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            <isSubAdviserHired>N</isSubAdviserHired>
          </subAdviser>
          <subAdviser>
            <subAdviserName>Pacific Investment Management Company, LLC</subAdviserName>
            <subAdviserFileNo>N/A</subAdviserFileNo>
            <subAdviserCrdNo>000104559</subAdviserCrdNo>
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            <isSubAdviserAffiliated>N</isSubAdviserAffiliated>
            <subAdviserStateCountry subAdviserState="US-CA" subAdviserCountry="US"/>
            <subAdviserHired isSubAdviserHired="Y" subAdviserStartDate="2020-06-16"/>
          </subAdviser>
        </subAdvisers>
        <subAdvisersTerminated>
          <subAdviserTerminated>
            <subAdviserTerminatedName>Artisan Partners Limited Partnership</subAdviserTerminatedName>
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            <subAdviserTerminatedCrdNo>000045446</subAdviserTerminatedCrdNo>
            <subAdviserTerminatedLei>N/A</subAdviserTerminatedLei>
            <subAdviserTerminatedStateCountry subAdviserTerminatedState="US-WI" subAdviserTerminatedCountry="US"/>
            <subAdviserTerminationDate>2020-06-16</subAdviserTerminationDate>
          </subAdviserTerminated>
          <subAdviserTerminated>
            <subAdviserTerminatedName>Cadence Capital Management, LLC</subAdviserTerminatedName>
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            <subAdviserTerminatedCrdNo>000106561</subAdviserTerminatedCrdNo>
            <subAdviserTerminatedLei>N/A</subAdviserTerminatedLei>
            <subAdviserTerminatedStateCountry subAdviserTerminatedState="US-MA" subAdviserTerminatedCountry="US"/>
            <subAdviserTerminationDate>2020-06-16</subAdviserTerminationDate>
          </subAdviserTerminated>
          <subAdviserTerminated>
            <subAdviserTerminatedName>Causeway Capital Management, LLC</subAdviserTerminatedName>
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            <subAdviserTerminatedCrdNo>000113308</subAdviserTerminatedCrdNo>
            <subAdviserTerminatedLei>N/A</subAdviserTerminatedLei>
            <subAdviserTerminatedStateCountry subAdviserTerminatedState="US-CA" subAdviserTerminatedCountry="US"/>
            <subAdviserTerminationDate>2020-06-16</subAdviserTerminationDate>
          </subAdviserTerminated>
          <subAdviserTerminated>
            <subAdviserTerminatedName>Lazard Asset Management LLC</subAdviserTerminatedName>
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            <subAdviserTerminatedCrdNo>000129119</subAdviserTerminatedCrdNo>
            <subAdviserTerminatedLei>N/A</subAdviserTerminatedLei>
            <subAdviserTerminatedStateCountry subAdviserTerminatedState="US-NY" subAdviserTerminatedCountry="US"/>
            <subAdviserTerminationDate>2020-06-16</subAdviserTerminationDate>
          </subAdviserTerminated>
        </subAdvisersTerminated>
        <transferAgents>
          <transferAgent>
            <transferAgentName>FIS Investor Services, LLC</transferAgentName>
            <transferAgentFileNo>084-06522</transferAgentFileNo>
            <transferAgentLei>N/A</transferAgentLei>
            <transferAgentStateCountry transferAgentState="US-OH" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>N</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>Interactive Data Corporation</pricingServiceName>
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      </managementInvestmentQuestion>
      <managementInvestmentQuestion>
        <mgmtInvFundName>The Institutional U.S. Equity Portfolio</mgmtInvFundName>
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        <numTerminatedClass>0</numTerminatedClass>
        <sharesOutstandings>
          <sharesOutstanding sharesOutstandingClassName="HC Advisors Shares" sharesOutstandingClassId="C000085465" sharesOutstandingTickerSymbol="HCIWX"/>
          <sharesOutstanding sharesOutstandingClassName="HC Strategic Shares" sharesOutstandingClassId="C000062556" sharesOutstandingTickerSymbol="HCIGX"/>
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        <fundType>N/A</fundType>
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        <isFundSecuritiesLending>Y</isFundSecuritiesLending>
        <fundLendSecurities didFundLendSecurities="Y">
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          <isFundAdverselyImpacted>N</isFundAdverselyImpacted>
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        <securityLendings>
          <securityLending>
            <securitiesAgentName>Citibank, National Association</securitiesAgentName>
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        <paymentToAgentManagers>
          <paymentToAgentManagerType>Revenue sharing split</paymentToAgentManagerType>
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        <avgPortfolioSecuritiesValue>969506.91</avgPortfolioSecuritiesValue>
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        <relyOnRuleTypes>
          <relyOnRuleType>Rule 12d1-1 (17 CFR 270.12d1-1)</relyOnRuleType>
          <relyOnRuleType>Rule 32a-4 (17 CFR 270.32a-4)</relyOnRuleType>
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        <isExpenseLimitationInPlace>N</isExpenseLimitationInPlace>
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        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>HC Capital Solutions an operating division of Hirtle Callaghan &amp; Co., LLC</investmentAdviserName>
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          <subAdviser>
            <subAdviserName>Mellon Investments Corporation</subAdviserName>
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          <subAdviser>
            <subAdviserName>Pacific Investment Management Company, LLC</subAdviserName>
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          <subAdviser>
            <subAdviserName>Cadence Capital Management, LLC</subAdviserName>
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          <subAdviser>
            <subAdviserName>Jennison Associates, LLC</subAdviserName>
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          </subAdviser>
          <subAdviser>
            <subAdviserName>Parametric Portfolio Associates, LLC</subAdviserName>
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          <subAdviser>
            <subAdviserName>Echo Street Capital Management, LLC</subAdviserName>
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          <subAdviser>
            <subAdviserName>Frontier Capital Management Company, LLC</subAdviserName>
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          <subAdviser>
            <subAdviserName>Wellington Management Company, LLP</subAdviserName>
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            <subAdviserHired isSubAdviserHired="Y" subAdviserStartDate="2019-12-10"/>
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        <transferAgents>
          <transferAgent>
            <transferAgentName>FIS Investor Services, LLC</transferAgentName>
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            <transferAgentLei>N/A</transferAgentLei>
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            <isTransferAgentAffiliated>N</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
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        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>Interactive Data Corporation</pricingServiceName>
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            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
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          <pricingService>
            <pricingServiceName>Refinitiv US LLC</pricingServiceName>
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          <pricingService>
            <pricingServiceName>Bloomberg L.P.</pricingServiceName>
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            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
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        <custodians>
          <custodian>
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        <shareholderServicingAgents>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>FIS Investor Services, LLC</shareholderServiceAgentName>
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        <admins>
          <admin>
            <adminName>Citi Fund Services Ohio, Inc.</adminName>
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            <brokerName>MORGAN STANLEY &amp; CO. LLC</brokerName>
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      <managementInvestmentQuestion>
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        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
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            <subAdviserName>City of London Investment Management Company, Limited</subAdviserName>
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            <subAdviserCountry>GB</subAdviserCountry>
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            <subAdviserName>Mellon Investments Corporation</subAdviserName>
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          <subAdviser>
            <subAdviserName>Parametric Portfolio Associates, LLC</subAdviserName>
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        </subAdvisers>
        <subAdvisersTerminated>
          <subAdviserTerminated>
            <subAdviserTerminatedName>Artisan Partners Limited Partnership</subAdviserTerminatedName>
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            <subAdviserTerminatedName>Cadence Capital Management, LLC</subAdviserTerminatedName>
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            <subAdviserTerminatedName>Causeway Capital Management, LLC</subAdviserTerminatedName>
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        <transferAgents>
          <transferAgent>
            <transferAgentName>FIS Investor Services, LLC</transferAgentName>
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            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
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        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>Interactive Data Corporation</pricingServiceName>
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          <pricingService>
            <pricingServiceName>Bloomberg L.P.</pricingServiceName>
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          <pricingService>
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          <shareholderServicingAgent>
            <shareholderServiceAgentName>FIS Investor Services, LLC</shareholderServiceAgentName>
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        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
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            <adminName>Citi Fund Services Ohio, Inc.</adminName>
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      <managementInvestmentQuestion>
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            <pricingServiceName>Refinitiv US LLC</pricingServiceName>
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            <pricingServiceName>Bloomberg L.P.</pricingServiceName>
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            <pricingServiceName>Interactive Data Corporation</pricingServiceName>
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          <pricingService>
            <pricingServiceName>PricingDirect Inc.</pricingServiceName>
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        <brokers>
          <broker>
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