# EDGAR Filing Document

**Accession Number:** 0000798290
**File Stem:** 0001145549-23-000371
**Filing Date:** 2023-1
**Character Count:** 16841
**Document Hash:** 0d9566cd4b8fa309b45471a120feaf4a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-000371.hdr.sgml**: 20230106

**ACCESSION NUMBER**: 0001145549-23-000371

**CONFORMED SUBMISSION TYPE**: N-MFP2

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230106

**DATE AS OF CHANGE**: 20230106

**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:** N-MFP2
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04782
- **FILM NUMBER:** 23514090

**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 U.S. Treasury Money Market Fund (Series ID: S000005052)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000013808 | A Shares                   | HWAXX           |
| C000013809 | Y Shares                   | HTYXX           |
| C000013812 | D Shares                   | HTDXX           |
| C000013813 | I Shares                   | HBIXX           |
| C000167218 | Intermediary Class         |  |
| C000167219 | Intermediary Service Class |  |

# Form N-MFP: Monthly Schedule of Portfolio Holdings

## N-MFP: Filer Information

**Submission Type:** N-MFP2

**Live/Test Flag:** —

**Is Electronic Copy of Paper Format:** —

**CIK:** —

### General Information

**Report for (YYYY-MM-DD):** 2022-12-31

**EDGAR Series Identifier:** S000005052

**Total number of share classes in the series:** —

**Is this the fund's final filing on Form N-MFP?:** —

**Is Fund Liquidating?:** —

**Is Fund Merging/Being Acquired?:** —

**Has the fund acquired or merged with another fund during the reporting period?:** —

## Part A: Series-Level Information about the Fund

### Service Providers
| Item   | Role                          | Details                                                   | File/CIK Number   |
|:---|:---|:---|:---|
| A.5    | Administrator                 | HSBC Global Asset Management (USA) Inc.                   |  |
| A.4    | Independent Public Accountant | PricewaterhouseCoopers LLP<br>City: New York<br>State: NY |  |
| A.6    | Transfer Agent                | DST Asset Manager Solutions, Inc.<br>CIK: 0000275143      | 084-00896         |

### Fund Characteristics & Assets

- **A.1 - Securities Act File Number:** 033-07647

- **A.7 - Is this a Feeder Fund?:** No

- **A.8 - Is this a Master Fund?:** No

- **A.9 - Is this series primarily used to fund insurance company separate accounts?:** No

- **A.10 - Money Market Fund Category:** Treasury

- **A.11 - WAM:** 5 days

- **A.12 - WAL:** 46 days

- **Total Value of Portfolio Securities:** $3818754140.16

- **Amortized Cost of Portfolio Securities:** $3818276563.72

- **Cash:** $177957.90

- **Total Other Assets:** $13658654.83

- **Total Liabilities:** $17158247.13

- **Net Assets of Series:** $3814954929.32

- **Number of Shares Outstanding (Series):** 3814965573.96

- **Stable Price Per Share:** $1.00

- **7-Day Gross Yield:** 4.0500%

### Weekly Liquid Assets
| Period         | Daily Liquid Assets ($)   | Weekly Liquid Assets ($)   | Daily Liquid Assets (%)   | Weekly Liquid Assets (%)   |
|:---|:---|:---|:---|:---|
| Friday, Week 1 |  | $7487151560.43             |  | 99.9000%                   |
| Friday, Week 2 |  | $7493102119.00             |  | 99.8800%                   |
| Friday, Week 3 |  | $6413700011.65             |  | 99.8300%                   |
| Friday, Week 4 |  | $4682184408.11             |  | 99.7300%                   |
| Friday, Week 5 |  | $3818932098.06             |  | 99.6400%                   |

## Part B: Class-Level Information about the Fund

### Class: Unknown Class (—)

- **B.2 - Minimum Initial Investment:** $1000.00

- **B.3 - Net Assets of Class:** $0.00

- **B.4 - Shares Outstanding:** 0.00

- **B.7.7 - 7-Day Net Yield:** 0.0000%

- **Person Paying for Fund Expenses?:** No

**Monthly Shareholder Flow Activity:**

- **Gross Subscriptions for month:** $0.00

- **Gross Redemptions for month:** $0.00

### Class: Unknown Class (—)

- **B.2 - Minimum Initial Investment:** $5000000.00

- **B.3 - Net Assets of Class:** $389750932.77

- **B.4 - Shares Outstanding:** 389718132.64

- **B.7.7 - 7-Day Net Yield:** 3.7900%

- **Person Paying for Fund Expenses?:** No

**Weekly Flows:**

| Period   | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| Week 1   | $1856288.64               | $54909379.55            |
| Week 2   | $38551150.25              | $9289351.10             |
| Week 3   | $45262753.02              | $45770424.78            |
| Week 4   | $104306427.52             | $57869321.76            |
| Week 5   | $1896017.01               | $30758924.46            |

**Monthly Shareholder Flow Activity:**

- **Gross Subscriptions for month:** $191229332.76

- **Gross Redemptions for month:** $163181636.65

### Class: Unknown Class (—)

- **B.2 - Minimum Initial Investment:** $1000.00

- **B.3 - Net Assets of Class:** $96770387.36

- **B.4 - Shares Outstanding:** 96807841.37

- **B.7.7 - 7-Day Net Yield:** 3.5500%

- **Person Paying for Fund Expenses?:** No

**Weekly Flows:**

| Period   | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| Week 1   | $27547511.95              | $14342303.30            |
| Week 2   | $38477751.75              | $52319166.16            |
| Week 3   | $74071175.11              | $4439766.03             |
| Week 4   | $9166151.88               | $79035852.89            |
| Week 5   | $4527988.40               | $5163669.39             |

**Monthly Shareholder Flow Activity:**

- **Gross Subscriptions for month:** $144967453.64

- **Gross Redemptions for month:** $141189269.29

### Class: Unknown Class (—)

- **B.2 - Minimum Initial Investment:** $50000000.00

- **B.3 - Net Assets of Class:** $1730573522.60

- **B.4 - Shares Outstanding:** 1730596649.44

- **B.7.7 - 7-Day Net Yield:** 3.9100%

- **Person Paying for Fund Expenses?:** Yes

- **Expense Reimbursement/Waiver Description:** HSBC Funds Management  Cap waiver 22,284

**Weekly Flows:**

| Period   | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| Week 1   | $1053235350.12            | $699573140.53           |
| Week 2   | $583288479.95             | $252351858.48           |
| Week 3   | $435056490.57             | $1169365155.06          |
| Week 4   | $31556042.35              | $1539759311.89          |
| Week 5   | $94348263.98              | $990113561.20           |

**Monthly Shareholder Flow Activity:**

- **Gross Subscriptions for month:** $1731233743.46

- **Gross Redemptions for month:** $4022533448.78

### Class: Unknown Class (—)

- **B.2 - Minimum Initial Investment:** $20000000.00

- **B.3 - Net Assets of Class:** $875627206.05

- **B.4 - Shares Outstanding:** 875605533.72

- **B.7.7 - 7-Day Net Yield:** 3.8900%

- **Person Paying for Fund Expenses?:** Yes

- **Expense Reimbursement/Waiver Description:** HSBC Funds Management  Cap waiver 35,929   HSBC Funds Management  Shareholder Service waiver 47,619     HSBC Funds Management  Operational Support waiver 47,619

**Weekly Flows:**

| Period   | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| Week 1   | $444355938.35             | $162316210.33           |
| Week 2   | $133892975.98             | $98233185.31            |
| Week 3   | $164690714.00             | $575566175.29           |
| Week 4   | $82399403.66              | $246295430.01           |
| Week 5   | $57662969.63              | $30399.61               |

**Monthly Shareholder Flow Activity:**

- **Gross Subscriptions for month:** $464704362.39

- **Gross Redemptions for month:** $1039530400.55

### Class: Unknown Class (—)

- **B.2 - Minimum Initial Investment:** $10000000.00

- **B.3 - Net Assets of Class:** $722232880.54

- **B.4 - Shares Outstanding:** 722237416.79

- **B.7.7 - 7-Day Net Yield:** 3.8700%

- **Person Paying for Fund Expenses?:** Yes

- **Expense Reimbursement/Waiver Description:** HSBC Funds Management  Cap waiver 12,011   HSBC Funds Management  Shareholder Service waiver 63,013     HSBC Funds Management  Operational Support waiver 31,507

**Weekly Flows:**

| Period   | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| Week 1   | $12875624.97              | $40017742.34            |
| Week 2   | $11361927.51              | $17308933.08            |
| Week 3   | $7187421.71               | $12663535.85            |
| Week 4   | $5766347.03               | $42974768.56            |
| Week 5   | $17143464.41              | $12534296.34            |

**Monthly Shareholder Flow Activity:**

- **Gross Subscriptions for month:** $49536493.56

- **Gross Redemptions for month:** $116317311.96

## Part C: Schedule of Portfolio Securities

### Security 1: U.S. Treasury Bill

- **C.1 - Title:** U.S. Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912796X95, C.4 - ISIN: US912796X959, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $2899415.16
- **C.18.a - Value (excl. sponsor support):** $2899415.16
- **Principal Amount:** —
- **Amortized Cost:** —
- **Fair Value:** —
- **C.19 - Percentage of Net Assets:** 0.0800%
- **C.17 - Yield as of Reporting Date:** 3.6800%
- **C.11 - Maturity Date (WAM):** 2023-01-05
- **C.12 - Maturity Date (WAL):** 2023-01-05
- **C.13 - Final Legal Maturity Date:** 2023-01-05
- **Characteristics:** C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 2: U.S. Treasury Bill

- **C.1 - Title:** U.S. Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912796ZH5, C.4 - ISIN: US912796ZH55, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $1222600000.00
- **C.18.a - Value (excl. sponsor support):** $1222600000.00
- **Principal Amount:** —
- **Amortized Cost:** —
- **Fair Value:** —
- **C.19 - Percentage of Net Assets:** 32.0500%
- **C.17 - Yield as of Reporting Date:** 0.0100%
- **C.11 - Maturity Date (WAM):** 2023-01-03
- **C.12 - Maturity Date (WAL):** 2023-01-03
- **C.13 - Final Legal Maturity Date:** 2023-01-03
- **Characteristics:** C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 3: U.S. Treasury Bill

- **C.1 - Title:** U.S. Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912796ZJ1, C.4 - ISIN: US912796ZJ12, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $749473162.50
- **C.18.a - Value (excl. sponsor support):** $749473162.50
- **Principal Amount:** —
- **Amortized Cost:** —
- **Fair Value:** —
- **C.19 - Percentage of Net Assets:** 19.6500%
- **C.17 - Yield as of Reporting Date:** 3.6700%
- **C.11 - Maturity Date (WAM):** 2023-01-10
- **C.12 - Maturity Date (WAL):** 2023-01-10
- **C.13 - Final Legal Maturity Date:** 2023-01-10
- **Characteristics:** C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 4: U.S. Treasury Note

- **C.1 - Title:** U.S. Treasury Note 4.447400%
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 91282CBK6, C.4 - ISIN: US91282CBK62, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $1025211806.00
- **C.18.a - Value (excl. sponsor support):** $1025211806.00
- **Principal Amount:** —
- **Amortized Cost:** —
- **Fair Value:** —
- **C.19 - Percentage of Net Assets:** 26.8700%
- **C.17 - Yield as of Reporting Date:** 4.1500%
- **C.11 - Maturity Date (WAM):** 2023-01-03
- **C.12 - Maturity Date (WAL):** 2023-01-31
- **C.13 - Final Legal Maturity Date:** 2023-01-31
- **Characteristics:** C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 5: U.S. Treasury Note

- **C.1 - Title:** U.S. Treasury Note 4.432400%
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 91282CBY6, C.4 - ISIN: US91282CBY66, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $643460066.50
- **C.18.a - Value (excl. sponsor support):** $643460066.50
- **Principal Amount:** —
- **Amortized Cost:** —
- **Fair Value:** —
- **C.19 - Percentage of Net Assets:** 16.8700%
- **C.17 - Yield as of Reporting Date:** 4.2000%
- **C.11 - Maturity Date (WAM):** 2023-01-03
- **C.12 - Maturity Date (WAL):** 2023-04-30
- **C.13 - Final Legal Maturity Date:** 2023-04-30
- **Characteristics:** C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 6: U.S. Treasury Note

- **C.1 - Title:** U.S. Treasury Note 4.427400%
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 91282CCQ2, C.4 - ISIN: US91282CCQ24, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $60050650.80
- **C.18.a - Value (excl. sponsor support):** $60050650.80
- **Principal Amount:** —
- **Amortized Cost:** —
- **Fair Value:** —
- **C.19 - Percentage of Net Assets:** 1.5700%
- **C.17 - Yield as of Reporting Date:** 4.2800%
- **C.11 - Maturity Date (WAM):** 2023-01-03
- **C.12 - Maturity Date (WAL):** 2023-07-31
- **C.13 - Final Legal Maturity Date:** 2023-07-31
- **Characteristics:** C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 7: U.S. Treasury Note

- **C.1 - Title:** U.S. Treasury Note 4.433400%
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 91282CDE8, C.4 - ISIN: US91282CDE84, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $65055885.70
- **C.18.a - Value (excl. sponsor support):** $65055885.70
- **Principal Amount:** —
- **Amortized Cost:** —
- **Fair Value:** —
- **C.19 - Percentage of Net Assets:** 1.7100%
- **C.17 - Yield as of Reporting Date:** 4.3300%
- **C.11 - Maturity Date (WAM):** 2023-01-03
- **C.12 - Maturity Date (WAL):** 2023-10-31
- **C.13 - Final Legal Maturity Date:** 2023-10-31
- **Characteristics:** C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 8: U.S. Treasury Note

- **C.1 - Title:** U.S. Treasury Note 4.383400%
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 91282CDU2, C.4 - ISIN: US91282CDU27, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $50003153.50
- **C.18.a - Value (excl. sponsor support):** $50003153.50
- **Principal Amount:** —
- **Amortized Cost:** —
- **Fair Value:** —
- **C.19 - Percentage of Net Assets:** 1.3100%
- **C.17 - Yield as of Reporting Date:** 4.3800%
- **C.11 - Maturity Date (WAM):** 2023-01-03
- **C.12 - Maturity Date (WAL):** 2024-01-31
- **C.13 - Final Legal Maturity Date:** 2024-01-31
- **Characteristics:** C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

## N-MFP: Signatures

**Registrant:** The HSBC Funds

**Date:** 2023-01-09

**By:** \s\James D Levy

**Name of Signing Officer:** James D Levy

**Title of Signing Officer:** Vice President