Fund info

HC Capital Short-Term Municipal Bond Portfolio is an actively managed mutual fund focused on high-quality, tax-exempt municipal securities with shorter maturities. The portfolio invests primarily in general obligation and revenue bonds issued by state and local governments and related authorities, emphasizing preservation of capital, liquidity, and stable income generation. As of its recent report, the fund held a concentrated lineup of several dozen positions, reflecting a selective approach and modest turnover that aligns with its short duration profile. The strategy’s short maturity focus is designed to reduce interest-rate sensitivity relative to broad municipal benchmarks, while its core allocation to general obligation and essential-service revenue bonds anchors credit quality. This portfolio serves investors seeking federally tax-exempt income and lower volatility within the municipal bond market, offering a potential ballast to multi-asset allocations and a complement to intermediate and long municipal exposures. Fund materials highlight low reported expenses over the period and benchmark comparisons to short-dated municipal indexes, situating the product within the conservative segment of the tax-exempt fixed income spectrum.