Abstract. In search for a foundational framework for reasoning about observable behavior of programs that may not terminate, we have previously devised a trace-based big-step semantics for While. In this semantics, both traces and evaluation (relating initial states of program runs to traces they produce) are defined coinductively. On terminating runs, it agrees with the standard inductive state-based semantics. Here we present a Hoare logic counterpart of our coinductive trace-based semantics and prove it sound and complete. Our logic subsumes both the partial correctness Hoare logic and the total correctness Hoare logic: they are embeddable. Since we work with a constructive underlying logic, the range of expressible program properties has a rich structure; in particular, we can distinguish between termination and nondivergence, e.g., unbounded total search fails to be terminating but is nonetheless nondivergent. Our metatheory is entirely constructive as well, and we have formalized it in Coq. 1