# EDGAR Filing Document

**Accession Number:** 0000798290
**File Stem:** 0001752724-23-064552
**Filing Date:** 2023-3
**Character Count:** 36442
**Document Hash:** 4dd24122d561151b9eb850eb289fb297
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-064552.hdr.sgml**: 20230323

**ACCESSION NUMBER**: 0001752724-23-064552

**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:** 23756907

**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 Portfolio (Series ID: S000055061)

| Class ID   | Class Name       | Ticker Symbol   |
|:---|:---|:---|
| C000173143 | Master Portfolio |  |

## 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 Portfolio

- **b. EDGAR series identifier (if any):** S000055061

- **c. LEI of Series:** 213800HO64XDKSZCIW67

**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:** $24203032.62

**Total Liabilities:** $72370.08

**Net Assets:** $24130662.54

**Cash Not Reported:** $377538.27

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000173143 | 4.45%                | -6.62%               | 8.43%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-346407.59              | $1531907.39                                |
| Month 2  | $-159945.19              | $-1423023.18                               |
| Month 3  | $200681.81               | $1773170.50                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Pure Storage Inc                           | Pure Storage Inc                           | CUSIP: 74624M102<br>LEI: 549300NPDB0BZTK3WO90 | Long             | EC               | CORP              | US        |     19880 | NS      | $575327.20    | 2.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Jabil Inc                                  | Jabil Inc                                  | CUSIP: 466313103<br>LEI: 5493000CGCQY2OQU7669 | Long             | EC               | CORP              | US        |      8140 | NS      | $640048.20    | 2.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Omega Healthcare Investors Inc             | Omega Healthcare Investors Inc             | CUSIP: 681936100<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | EC               |  | US        |      3800 | NS      | $111872.00    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| AMN Healthcare Services Inc                | AMN Healthcare Services Inc                | CUSIP: 001744101<br>LEI: 529900W3ARRTCNFH2I39 | Long             | EC               | CORP              | US        |      4620 | NS      | $442780.80    | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Tanger Factory Outlet Centers Inc          | Tanger Factory Outlet Centers Inc          | CUSIP: 875465106<br>LEI: UKEW8YSXE4Y581KYOL30 | Long             | EC               |  | US        |     25940 | NS      | $495713.40    | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Jackson Financial Inc                      | Jackson Financial Inc                      | CUSIP: 46817M107<br>LEI: 213800WXW2KG1N4CO374 | Long             | EC               | CORP              | US        |      4030 | NS      | $177481.20    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Lazard Ltd                                 | Lazard Ltd                                 | CUSIP: 000000000<br>LEI: 254900RIBCDJSUFG1A11 | Long             | EC               | CORP              | BM        |      4510 | NS      | $180760.80    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Walker & Dunlop Inc                        | Walker & Dunlop Inc                        | CUSIP: 93148P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4880 | NS      | $465454.40    | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Harmonic Inc                               | Harmonic Inc                               | CUSIP: 413160102<br>LEI: 549300LRGRD8XC9BTL66 | Long             | EC               | CORP              | US        |     19600 | NS      | $258132.00    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Owens Corning                              | Owens Corning                              | CUSIP: 690742101<br>LEI: JO5M6676RDJIZ2U8X907 | Long             | EC               | CORP              | US        |      5320 | NS      | $514178.00    | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| H&R Block Inc                              | H&R Block Inc                              | CUSIP: 093671105<br>LEI: 549300CE3KUCWLZBG404 | Long             | EC               | CORP              | US        |     11350 | NS      | $442423.00    | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Avid Technology Inc                        | Avid Technology Inc                        | CUSIP: 05367P100<br>LEI: 549300PQGW3DXKJTQ914 | Long             | EC               | CORP              | US        |      3830 | NS      | $116087.30    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Bruker Corp                                | Bruker Corp                                | CUSIP: 116794108<br>LEI: LEBZ6VLQ6I8XB1NHVY15 | Long             | EC               | CORP              | US        |      9190 | NS      | $644402.80    | 2.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Energy Industries Inc             | Advanced Energy Industries Inc             | CUSIP: 007973100<br>LEI: 549300756XI3QLFT2U27 | Long             | EC               | CORP              | US        |      4800 | NS      | $445152.00    | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| WillScot Mobile Mini Holdings Corp         | WillScot Mobile Mini Holdings Corp         | CUSIP: 971378104<br>LEI: 549300HJ4VIXF476Q166 | Long             | EC               | CORP              | US        |      8460 | NS      | $409971.60    | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Manhattan Associates Inc                   | Manhattan Associates Inc                   | CUSIP: 562750109<br>LEI: 529900Q1GJP7KD52SW51 | Long             | EC               | CORP              | US        |      2610 | NS      | $340239.60    | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Tempur Sealy International Inc             | Tempur Sealy International Inc             | CUSIP: 88023U101<br>LEI: 549300HFEKVR3US71V91 | Long             | EC               | CORP              | US        |     12650 | NS      | $515487.50    | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearway Energy Inc                        | Clearway Energy Inc                        | CUSIP: 18539C204<br>LEI: 549300LHAZ9HA9G3XC48 | Long             | EC               | CORP              | US        |     10820 | NS      | $365607.80    | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Halozyme Therapeutics Inc                  | Halozyme Therapeutics Inc                  | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Long             | EC               | CORP              | US        |     10540 | NS      | $545655.80    | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Iridium Communications Inc                 | Iridium Communications Inc                 | CUSIP: 46269C102<br>LEI: 549300U620NVQ4J1CT96 | Long             | EC               | CORP              | US        |      9830 | NS      | $588227.20    | 2.44%             |  |  |  | No            |                  1 | On Loan: No      |
| BJ's Wholesale Club Holdings Inc           | BJ's Wholesale Club Holdings Inc           | CUSIP: 05550J101<br>LEI: 549300UCIWH1C93V0J03 | Long             | EC               | CORP              | US        |      4870 | NS      | $352928.90    | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Ironwood Pharmaceuticals Inc               | Ironwood Pharmaceuticals Inc               | CUSIP: 46333X108<br>LEI: 549300PC8MR6QHH6P296 | Long             | EC               | CORP              | US        |      3460 | NS      | $39859.20     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Insperity Inc                              | Insperity Inc                              | CUSIP: 45778Q107<br>LEI: 5299000Q0KW7HY5DB751 | Long             | EC               | CORP              | US        |      3930 | NS      | $434461.50    | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphatec Holdings Inc                      | Alphatec Holdings Inc                      | CUSIP: 02081G201<br>LEI: 549300EZE8CQ8K65FS24 | Long             | EC               | CORP              | US        |     18840 | NS      | $245296.80    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellium SE                             | Constellium SE                             | CUSIP: 000000000<br>LEI: 724500KRJEMC79KAAU28 | Long             | EC               | CORP              | FR        |     13080 | NS      | $190052.40    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Dick's Sporting Goods Inc                  | Dick's Sporting Goods Inc                  | CUSIP: 253393102<br>LEI: 529900SSBV5I4LWSK313 | Long             | EC               | CORP              | US        |      3560 | NS      | $465505.60    | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Box Inc                                    | Box Inc                                    | CUSIP: 10316T104<br>LEI: 549300KQUCPD8687YS68 | Long             | EC               | CORP              | US        |     18330 | NS      | $586376.70    | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| TransMedics Group Inc                      | TransMedics Group Inc                      | CUSIP: 89377M109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6770 | NS      | $426645.40    | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Nutanix Inc                                | Nutanix Inc                                | CUSIP: 67059N108<br>LEI: 549300X7J6E8TKVIXW09 | Long             | EC               | CORP              | US        |     14580 | NS      | $406344.60    | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlisle Cos Inc                           | Carlisle Cos Inc                           | CUSIP: 142339100<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | EC               | CORP              | US        |      2090 | NS      | $524297.40    | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Axcelis Technologies Inc                   | Axcelis Technologies Inc                   | CUSIP: 054540208<br>LEI: 529900HF9B6NL1QG9F05 | Long             | EC               | CORP              | US        |      3330 | NS      | $366133.50    | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Phreesia Inc                               | Phreesia Inc                               | CUSIP: 71944F106<br>LEI: 5493000HHF8NU4QOCG53 | Long             | EC               | CORP              | US        |      2400 | NS      | $89976.00     | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Iron Mountain Inc                          | Iron Mountain Inc                          | CUSIP: 46284V101<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | EC               |  | US        |     10410 | NS      | $568177.80    | 2.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Ensign Group Inc/The                       | Ensign Group Inc/The                       | CUSIP: 29358P101<br>LEI: 5493003K4HEEA8Q0BC72 | Long             | EC               | CORP              | US        |      3790 | NS      | $353417.50    | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Paylocity Holding Corp                     | Paylocity Holding Corp                     | CUSIP: 70438V106<br>LEI: 549300VH75FTB4DIEE07 | Long             | EC               | CORP              | US        |      2490 | NS      | $518642.10    | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Hillenbrand Inc                            | Hillenbrand Inc                            | CUSIP: 431571108<br>LEI: U246OE781574J2BUD366 | Long             | EC               | CORP              | US        |      7920 | NS      | $371131.20    | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Agilysys Inc                               | Agilysys Inc                               | CUSIP: 00847J105<br>LEI: 5299001XWB5V3B5IPN93 | Long             | EC               | CORP              | US        |      4060 | NS      | $339253.60    | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Louisiana-Pacific Corp                     | Louisiana-Pacific Corp                     | CUSIP: 546347105<br>LEI: 549300C7E2UAO5BVRR75 | Long             | EC               | CORP              | US        |      3650 | NS      | $248528.50    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Nordstrom Inc                              | Nordstrom Inc                              | CUSIP: 655664100<br>LEI: 549300S3IZB5P35KNV16 | Long             | EC               | CORP              | US        |     12770 | NS      | $249525.80    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Hibbett Inc                                | Hibbett Inc                                | CUSIP: 428567101<br>LEI: 529900RD6P643J1CZM55 | Long             | EC               | CORP              | US        |      2950 | NS      | $195762.00    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Shockwave Medical Inc                      | Shockwave Medical Inc                      | CUSIP: 82489T104<br>LEI: 549300LDXO56IC5Y1538 | Long             | EC               | CORP              | US        |      2140 | NS      | $402170.20    | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Gen Digital Inc                            | Gen Digital Inc                            | CUSIP: 668771108<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | EC               | CORP              | US        |     23270 | NS      | $535442.70    | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Progyny Inc                                | Progyny Inc                                | CUSIP: 74340E103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8540 | NS      | $293690.60    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Option Care Health Inc                     | Option Care Health Inc                     | CUSIP: 68404L201<br>LEI: 549300DI3Q5ACSYJRI17 | Long             | EC               | CORP              | US        |      9260 | NS      | $267336.20    | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Harmony Biosciences Holdings Inc           | Harmony Biosciences Holdings Inc           | CUSIP: 413197104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3280 | NS      | $157997.60    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| RadNet Inc                                 | RadNet Inc                                 | CUSIP: 750491102<br>LEI: 529900RECG94V2IZJ970 | Long             | EC               | CORP              | US        |      7500 | NS      | $157875.00    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Triton International Ltd                   | Triton International Ltd                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |      4170 | NS      | $294568.80    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Chegg Inc                                  | Chegg Inc                                  | CUSIP: 163092109<br>LEI: 549300AKX7O8JG0O3G77 | Long             | EC               | CORP              | US        |     20360 | NS      | $422673.60    | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Agricultural Mortgage Corp         | Federal Agricultural Mortgage Corp         | CUSIP: 313148306<br>LEI: 549300MS654K78GYF580 | Long             | EC               | USGSE             | US        |      1090 | NS      | $144937.30    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Cboe Global Markets Inc                    | Cboe Global Markets Inc                    | CUSIP: 12503M108<br>LEI: 529900RLNSGA90UPEH54 | Long             | EC               | CORP              | US        |      1500 | NS      | $184320.00    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| TriNet Group Inc                           | TriNet Group Inc                           | CUSIP: 896288107<br>LEI: 5299003FJVBETSFKE990 | Long             | EC               | CORP              | US        |      5100 | NS      | $384795.00    | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Cross Country Healthcare Inc               | Cross Country Healthcare Inc               | CUSIP: 227483104<br>LEI: 54930037L0NBIPZ5S663 | Long             | EC               | CORP              | US        |      4820 | NS      | $133755.00    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Apogee Enterprises Inc                     | Apogee Enterprises Inc                     | CUSIP: 037598109<br>LEI: 549300579S7QW8V4IJ60 | Long             | EC               | CORP              | US        |      5550 | NS      | $259962.00    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Glaukos Corp                               | Glaukos Corp                               | CUSIP: 377322102<br>LEI: 5299004JA1LHE21M6T14 | Long             | EC               | CORP              | US        |      6270 | NS      | $307543.50    | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Installed Building Products Inc            | Installed Building Products Inc            | CUSIP: 45780R101<br>LEI: 549300I95Y9P9YM5FI86 | Long             | EC               | CORP              | US        |      3520 | NS      | $387516.80    | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Livent Corp                                | Livent Corp                                | CUSIP: 53814L108<br>LEI: 254900OOLQ2VNMZTJL47 | Long             | EC               | CORP              | US        |     20370 | NS      | $527990.40    | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Extreme Networks Inc                       | Extreme Networks Inc                       | CUSIP: 30226D106<br>LEI: 549300WRECW11X94UB57 | Long             | EC               | CORP              | US        |     24130 | NS      | $435063.90    | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Alkermes PLC                               | Alkermes PLC                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |     21060 | NS      | $603158.40    | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| American Axle & Manufacturing Holdings Inc | American Axle & Manufacturing Holdings Inc | CUSIP: 024061103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10060 | NS      | $89232.20     | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Lattice Semiconductor Corp                 | Lattice Semiconductor Corp                 | CUSIP: 518415104<br>LEI: 549300LRBBPZDQ2II567 | Long             | EC               | CORP              | US        |      8710 | NS      | $660130.90    | 2.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Wix.com Ltd                                | Wix.com Ltd                                | CUSIP: 000000000<br>LEI: 5493008P6N29Q1AG9464 | Long             | EC               | CORP              | IL        |      3580 | NS      | $311388.40    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Atkore Inc                                 | Atkore Inc                                 | CUSIP: 047649108<br>LEI: 52990002TI38AM4RPV48 | Long             | EC               | CORP              | US        |      4750 | NS      | $618687.50    | 2.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Boise Cascade Co                           | Boise Cascade Co                           | CUSIP: 09739D100<br>LEI: 549300Z8B8LSRHC7XA55 | Long             | EC               | CORP              | US        |      2300 | NS      | $172431.00    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Fair Isaac Corp                            | Fair Isaac Corp                            | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | EC               | CORP              | US        |       880 | NS      | $586036.00    | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Midland States Bancorp Inc                 | Midland States Bancorp Inc                 | CUSIP: 597742105<br>LEI: 5493006RHXW9TTBWYC94 | Long             | EC               | CORP              | US        |      2620 | NS      | $66757.60     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Cars.com Inc                               | Cars.com Inc                               | CUSIP: 14575E105<br>LEI: 5493002G6J07LNGX4M98 | Long             | EC               | CORP              | US        |      9680 | NS      | $165528.00    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

**Name of Applicant:** HSBC FUNDS

**Signature:** Clem Sell

**Name of Signer:** Clem Sell

**Title:** Treasurer