# EDGAR Filing Document

**Accession Number:** 0000798290
**File Stem:** 0001752724-23-064550
**Filing Date:** 2023-3
**Character Count:** 14917
**Document Hash:** 16260bcfcb8c036c4844483cb6484f14
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-064550.hdr.sgml**: 20230323

**ACCESSION NUMBER**: 0001752724-23-064550

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230323

**DATE AS OF CHANGE**: 20230323

**PERIOD START**: 20231031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** HSBC FUNDS
- **CENTRAL INDEX KEY:** 0000798290
- **IRS NUMBER:** 043084306
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04782
- **FILM NUMBER:** 23756900

**BUSINESS ADDRESS:**
- **STREET 1:** C/O HSBC FUNDS
- **STREET 2:** 452 FIFTH AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 11108
- **BUSINESS PHONE:** 614-470-8000

**MAIL ADDRESS:**
- **STREET 1:** C/O CITI
- **STREET 2:** 4400 EASTON COMMONS, SUITE 200
- **CITY:** COLUMBUS
- **STATE:** OH
- **ZIP:** 43219-3035

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HSBC INVESTOR FUNDS
- **DATE OF NAME CHANGE:** 20010531

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** REPUBLIC FUNDS
- **DATE OF NAME CHANGE:** 19941013

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FUNDTRUST /NY
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### HSBC RadiantESG U.S. Smaller Companies Fund (Series ID: S000005038)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000013749 | A Shares     | HSOAX           |
| C000013751 | C Shares     | HOPCX           |

## Nport-Ex

**HSBC Funds**

**January 31, 2023**

**Quarterly Report**

**HSBC RADIANTESG U.S. SMALLER COMPANIES PORTFOLIO**

**Schedule of Portfolio Investments — as of January 31, 2023 (Unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value ($)** |
| **Common Stocks — 98.7%** |  |  |
| &nbsp;&nbsp;&nbsp;**Auto Components — 0.4%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;American Axle & Manufacturing Holdings, Inc.<sup>(a)</sup> | 10060 | 89232 |
| &nbsp;&nbsp;&nbsp;**Biotechnology — 4.9%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alkermes PLC<sup>(a)</sup> | 21060 | 603158 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Halozyme Therapeutics, Inc.<sup>(a)</sup> | 10540 | 545656 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ironwood Pharmaceuticals, Inc.<sup>(a)</sup> | 3460 | 39859 |
|  |  | 1188673 |
| &nbsp;&nbsp;&nbsp;**Building Products — 5.4%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Apogee Enterprises, Inc. | 5550 | 259962 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Carlisle Cos., Inc. | 2090 | 524297 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Owens Corning | 5320 | 514178 |
|  |  | 1298437 |
| &nbsp;&nbsp;&nbsp;**Capital Markets — 1.5%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cboe Global Markets, Inc. | 1500 | 184320 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lazard, Ltd., Class A | 4510 | 180761 |
|  |  | 365081 |
| &nbsp;&nbsp;&nbsp;**Chemicals — 2.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Livent Corp.<sup>(a)</sup> | 20370 | 527990 |
| &nbsp;&nbsp;&nbsp;**Commercial Banks — 0.3%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Midland States Bancorp, Inc. | 2620 | 66758 |
| &nbsp;&nbsp;&nbsp;**Communications Equipment — 2.9%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Extreme Networks, Inc.<sup>(a)</sup> | 24130 | 435064 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Harmonic, Inc.<sup>(a)</sup> | 19600 | 258132 |
|  |  | 693196 |
| &nbsp;&nbsp;&nbsp;**Construction & Engineering — 1.7%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WillScot Mobile Mini Holdings Corp.<sup>(a)</sup> | 8460 | 409972 |
| &nbsp;&nbsp;&nbsp;**Diversified Consumer Services — 3.6%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chegg, Inc.<sup>(a)</sup> | 20360 | 422674 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;H&R Block, Inc. | 11350 | 442423 |
|  |  | 865097 |
| &nbsp;&nbsp;&nbsp;**Diversified Financial Services — 0.7%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Jackson Financial, Inc., Class A | 4030 | 177481 |
| &nbsp;&nbsp;&nbsp;**Diversified Telecommunication Services — 2.4%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Iridium Communications, Inc.<sup>(a)</sup> | 9830 | 588227 |
| &nbsp;&nbsp;&nbsp;**Electrical Equipment — 2.6%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Atkore, Inc.<sup>(a)</sup> | 4750 | 618688 |
| &nbsp;&nbsp;&nbsp;**Electronic Equipment, Instruments & Components — 4.5%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Advanced Energy Industries, Inc. | 4800 | 445152 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Jabil, Inc. | 8140 | 640048 |
|  |  | 1085200 |
| &nbsp;&nbsp;&nbsp;**Equity Real Estate Investment Trusts (REITs) — 4.9%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Iron Mountain, Inc. | 10410 | 568178 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Omega Healthcare Investors, Inc. | 3800 | 111872 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tanger Factory Outlet Centers, Inc. | 25940 | 495713 |
|  |  | 1175763 |
| &nbsp;&nbsp;&nbsp;**Food & Staples Retailing — 1.5%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BJ's Wholesale Club Holdings, Inc.<sup>(a)</sup> | 4870 | 352929 |
| &nbsp;&nbsp;&nbsp;**Health Care Equipment & Supplies — 5.7%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alphatec Holdings, Inc.<sup>(a)</sup> | 18840 | 245297 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Glaukos Corp.<sup>(a)</sup> | 6270 | 307544 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shockwave Medical, Inc.<sup>(a)</sup> | 2140 | 402170 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TransMedics Group, Inc.<sup>(a)</sup> | 6770 | 426645 |
|  |  | 1381656 |
| &nbsp;&nbsp;&nbsp;**Health Care Providers & Services — 6.8%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AMN Healthcare Services, Inc.<sup>(a)</sup> | 4620 | 442781 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cross Country Healthcare, Inc.<sup>(a)</sup> | 4820 | 133755 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Option Care Health, Inc.<sup>(a)</sup> | 9260 | 267336 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Progyny, Inc.<sup>(a)</sup> | 8540 | 293691 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;RadNet, Inc.<sup>(a)</sup> | 7500 | 157875 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Ensign Group, Inc. | 3790 | 353417 |
|  |  | 1648855 |
| &nbsp;&nbsp;&nbsp;**Health Care Technology — 0.4%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Phreesia, Inc.<sup>(a)</sup> | 2400 | 89976 |
| &nbsp;&nbsp;&nbsp;**Household Durables — 3.7%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Installed Building Products, Inc. | 3520 | 387517 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tempur Sealy International, Inc. | 12650 | 515487 |
|  |  | 903004 |

---

**HSBC FAMILY OF FUNDS**<sub>1</sub>

**HSBC RADIANTESG U.S. SMALLER COMPANIES PORTFOLIO**

**Schedule of Portfolio Investments — as of January 31, 2023 (Unaudited) (continued)**

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value ($)** |
| **Common Stocks, continued** |  |  |
| &nbsp;&nbsp;&nbsp;**Independent Power Producers & Energy Traders — 1.5%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Clearway Energy, Inc., Class C | 10820 | 365608 |
| &nbsp;&nbsp;&nbsp;**Interactive Media & Services — 0.7%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cars.com, Inc.<sup>(a)</sup> | 9680 | 165528 |
| &nbsp;&nbsp;&nbsp;**IT Services — 1.3%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wix.com, Ltd.<sup>(a)</sup> | 3580 | 311388 |
| &nbsp;&nbsp;&nbsp; **Life Sciences Tools & Services — 2.7%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bruker Corp. | 9190 | 644403 |
| &nbsp;&nbsp;&nbsp;**Machinery — 1.5%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hillenbrand, Inc. | 7920 | 371131 |
| &nbsp;&nbsp;&nbsp;**Metals & Mining — 0.8%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Constellium SE<sup>(a)</sup> | 13080 | 190052 |
| &nbsp;&nbsp;&nbsp;**Multiline Retail — 1.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nordstrom, Inc. | 12770 | 249526 |
| &nbsp;&nbsp;&nbsp;**Paper & Forest Products — 1.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Louisiana-Pacific Corp. | 3650 | 248529 |
| &nbsp;&nbsp;&nbsp;**Pharmaceuticals — 0.7%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Harmony Biosciences Holdings, Inc.<sup>(a)</sup> | 3280 | 157998 |
| &nbsp;&nbsp;&nbsp;**Professional Services — 3.4%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Insperity, Inc. | 3930 | 434461 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TriNet Group, Inc.<sup>(a)</sup> | 5100 | 384795 |
|  |  | 819256 |
| &nbsp;&nbsp;&nbsp;**Semiconductors & Semiconductor Equipment — 4.3%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Axcelis Technologies, Inc.<sup>(a)</sup> | 3330 | 366133 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lattice Semiconductor Corp.<sup>(a)</sup> | 8710 | 660131 |
|  |  | 1026264 |
| &nbsp;&nbsp;&nbsp;**Software — 13.7%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Agilysys, Inc.<sup>(a)</sup> | 4060 | 339254 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Box, Inc., Class A<sup>(a)</sup> | 18330 | 586377 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair Isaac Corp.<sup>(a)</sup> | 880 | 586036 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gen Digital, Inc. | 23270 | 535443 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manhattan Associates, Inc.<sup>(a)</sup> | 2610 | 340239 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nutanix, Inc., Class A<sup>(a)</sup> | 14580 | 406344 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Paylocity Holding Corp.<sup>(a)</sup> | 2490 | 518642 |
|  |  | 3312335 |
| &nbsp;&nbsp;&nbsp;**Specialty Retail — 2.7%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dick's Sporting Goods, Inc. | 3560 | 465506 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hibbett, Inc. | 2950 | 195762 |
|  |  | 661268 |
| &nbsp;&nbsp;&nbsp;**Technology Hardware, Storage & Peripherals — 2.9%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Avid Technology, Inc.<sup>(a)</sup> | 3830 | 116088 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pure Storage, Inc., Class A<sup>(a)</sup> | 19880 | 575327 |
|  |  | 691415 |
| &nbsp;&nbsp;&nbsp; **Thrifts & Mortgage Finance — 2.5%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Federal Agricultural Mortgage Corp., Class C | 1090 | 144937 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Walker & Dunlop, Inc. | 4880 | 465455 |
|  |  | 610392 |
| &nbsp;&nbsp;&nbsp;**Trading Companies & Distributors — 1.9%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Boise Cascade Co. | 2300 | 172431 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Triton International, Ltd. | 4170 | 294569 |
|  |  | 467000 |
| **TOTAL COMMON STOCKS<br> (Cost $20,402,600)** |  | **23818308** |
| **TOTAL INVESTMENTS IN SECURITIES<br> (Cost $20,402,600) — 98.7%** |  | **23818308** |
| **Other Assets (Liabilities) — 1.3%** |  | **312355** |
| **NET ASSETS — 100.0%** |  | $**24130663** |

---

(a) Represents non-income producing security.

---

| | |
|:---|:---|
| 2 | **HSBC FAMILY OF FUNDS** |

---

**HSBC RADIANTESG U.S. SMALLER COMPANIES FUND**

**Schedule of Portfolio Investments — as of January 31, 2023 (Unaudited)**

---

| | |
|:---|:---|
|  | **Value ($)** |
| **Affiliated Portfolio — 101.2%** |  |
| &nbsp;&nbsp;&nbsp;HSBC RadiantESG U.S. Smaller Companies Portfolio | 7948349 |
| **TOTAL AFFILIATED PORTFOLIO<br> (Cost $6,819,843)** | **7948349** |
| **TOTAL INVESTMENTS IN SECURITIES<br> (Cost $6,819,843) — 101.2%** | **7948349** |
| **Other Assets (Liabilities) — (1.2)%** | **(91516)** |
| **NET ASSETS — 100.0%** | $**7856833** |

---

**HSBC FAMILY OF FUNDS**<sub>1</sub>

**HSBC RADIANTESG U.S. SMALLER COMPANIES FUND (CLASS I)**

**Schedule of Portfolio Investments — as of January 31, 2023 (Unaudited)**

---

| | |
|:---|:---|
|  | **Value ($)** |
| **Affiliated Portfolio — 101.3%** |  |
| &nbsp;&nbsp;&nbsp;HSBC RadiantESG U.S. Smaller Companies Portfolio | 16182314 |
| **TOTAL AFFILIATED PORTFOLIO<br> (Cost $13,895,112)** | **16182314** |
| **TOTAL INVESTMENTS IN SECURITIES<br> (Cost $13,895,112) — 101.3%** | **16182314** |
| **Other Assets (Liabilities) — (1.3)%** | **(206527)** |
| **NET ASSETS — 100.0%** | $**15975787** |

---

**HSBC FAMILY OF FUNDS**<sub>1</sub>

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** HSBC FUNDS

- **b. Investment Company Act file number:** 811-04782

- **c. CIK number of Registrant:** 0000798290

- **d. LEI of Registrant:** 213800JVHAGFQYZSO120

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

  - **Street Address 1:** HSBC Funds

  - **City:** Kansas City

  - **State:** MO

  - **Foreign country:** US

  - **Zip / Postal Code:** 64121-9691

  - **Telephone number:** 614-470-8000

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

- **a. Name of Series:** HSBC RadiantESG U.S. Smaller Companies Fund

- **b. EDGAR series identifier (if any):** S000005038

- **c. LEI of Series:** 213800KVTVYOA4N6AY73

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

- **a. Date of fiscal year-end:** 2023-10-31

- **b. Date as of which information is reported:** 2023-01-31

**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:** $8009488.28

**Total Liabilities:** $24296.57

**Net Assets:** $7985191.71

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000013749 | 4.99%                | -6.34%               | 8.60%                |
| Class ID C000013751 | 4.88%                | -6.98%               | 9.17%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-0.00                   | $0.00                                      |
| Month 2  | $0.00                    | $0.00                                      |
| Month 3  | $0.00                    | $0.00                                      |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Hsbc Radiantesg US Sm Co Portfolio | Hsbc Radiantesg US Sm Co Portfolio | CUSIP: 000000000<br>LEI: 213800HO64XDKSZCIW67 | Long             | EC               | RF                | US        |   1130633 | NS      | $7948348.43   | 99.54%            |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-03-22

**Name of Applicant:** HSBC FUNDS

**Signature:** Clem Sell

**Name of Signer:** Clem Sell

**Title:** Treasurer