497

January 10, 2013

VIA EDGAR

U.S. Securities and Exchange Commission
100 F Street, N.E.
Washington, DC 20549

Re:	HSBC Funds (the “Trust”) (File Nos. 033-07647 and 811-04782);
	Prime Money Market Fund

Ladies and Gentlemen:

The interactive data file included as an exhibit to this filing relates to the prospectus supplement for the HSBC Prime Money Market Fund that was filed with the Securities and Exchange Commission pursuant to Rule 497(e) under the Securities Act of 1933, as amended, on December 26, 2012 (Accession No. 0001206774-12-004978), which is incorporated herein by reference.

Please feel free to contact me with questions regarding this filing at 617-824-1361.

Sincerely,

/s/ Danio Mastropieri
Danio Mastropieri
Assistant Secretary to the Trust
cc:	David Harris, Esq.-Dechert LLP

XML

Label

Element

Value

Prospectus [Line Items]

rr_ProspectusLineItems

Document Type

dei_DocumentType

Other

Document Period End Date

dei_DocumentPeriodEndDate

Dec. 26, 2012

Entity Registrant Name

dei_EntityRegistrantName

HSBC FUNDS

Entity Central Index Key

dei_EntityCentralIndexKey

0000798290

Amendment Flag

dei_AmendmentFlag

false

Document Creation Date

dei_DocumentCreationDate

Dec. 26, 2012

Document Effective Date

dei_DocumentEffectiveDate

Dec. 26, 2012

Prospectus Date

rr_ProspectusDate

Dec. 26, 2012

HSBC Prime Money Market Fund

Prospectus [Line Items]

rr_ProspectusLineItems

Strategy [Heading]

rr_StrategyHeading

Principal Investment Strategies

Strategy Narrative [Text Block]

rr_StrategyNarrativeTextBlock

The Fund invests primarily in bank certificates of deposit, time deposits, bankers’ acceptances, prime commercial paper, corporate obligations, municipal obligations, U.S. government securities and repurchase agreements collateralized by U.S. government securities. The Fund’s investments may also include variable rate demand notes and repurchase agreements secured by collateral other than cash and U.S. government securities to the extent permitted by Rule 2a-7 of the Investment Company Act of 1940, as amended.

Risk [Heading]

rr_RiskHeading

Principal Investment Risks

Risk Narrative [Text Block]

rr_RiskNarrativeTextBlock

Repurchase Agreements: If the seller in a repurchase agreement defaults on its obligation to repurchase the underlying securities at a time when the value of these securities has declined, the Fund may incur a loss upon disposition of the securities. These risks are increased to the extent that a repurchase agreement is secured by collateral other than cash and U.S. government securities. There is also a risk that the seller of the agreement may become insolvent and subject to liquidation.

Supplement [Text Block]

reaxx_SupplementTextBlock

HSBC FUNDS

Supplement Dated December 26, 2012 to the
HSBC Prime Money Market Fund Prospectus
Dated February 28, 2012, as Supplemented (“Prospectus”)

The second paragraph under “HSBC Prime Money Market Fund – Summary Section – Principal Investment Strategies” on page 10 of the Prospectus is deleted and replaced with the following:

The Fund invests primarily in bank certificates of deposit, time deposits, bankers’ acceptances, prime commercial paper, corporate obligations, municipal obligations, U.S. government securities and repurchase agreements collateralized by U.S. government securities. The Fund’s investments may also include variable rate demand notes and repurchase agreements secured by collateral other than cash and U.S. government securities to the extent permitted by Rule 2a-7 of the Investment Company Act of 1940, as amended.

Disclosure regarding the risks of investing in repurchase agreements under “HSBC Prime Money Market Fund – Summary Section – Principal Investment Risks” on page 11 of the Prospectus is deleted and replaced with the following:

Repurchase Agreements: If the seller in a repurchase agreement defaults on its obligation to repurchase the underlying securities at a time when the value of these securities has declined, the Fund may incur a loss upon disposition of the securities. These risks are increased to the extent that a repurchase agreement is secured by collateral other than cash and U.S. government securities. There is also a risk that the seller of the agreement may become insolvent and subject to liquidation.

PLEASE RETAIN THIS SUPPLEMENT WITH THE
STATEMENT OF ADDITIONAL INFORMATION FOR FUTURE REFERENCE

XML

HSBC Prime Money Market Fund

Principal Investment Strategies

The Fund invests primarily in bank certificates of deposit, time deposits, bankers’ acceptances, prime commercial paper, corporate obligations, municipal obligations, U.S. government securities and repurchase agreements collateralized by U.S. government securities. The Fund’s investments may also include variable rate demand notes and repurchase agreements secured by collateral other than cash and U.S. government securities to the extent permitted by Rule 2a-7 of the Investment Company Act of 1940, as amended.

Principal Investment Risks

Repurchase Agreements: If the seller in a repurchase agreement defaults on its obligation to repurchase the underlying securities at a time when the value of these securities has declined, the Fund may incur a loss upon disposition of the securities. These risks are increased to the extent that a repurchase agreement is secured by collateral other than cash and U.S. government securities. There is also a risk that the seller of the agreement may become insolvent and subject to liquidation.

HSBC FUNDS

Supplement Dated December 26, 2012 to the
HSBC Prime Money Market Fund Prospectus
Dated February 28, 2012, as Supplemented (“Prospectus”)

The second paragraph under “HSBC Prime Money Market Fund – Summary Section – Principal Investment Strategies” on page 10 of the Prospectus is deleted and replaced with the following:

The Fund invests primarily in bank certificates of deposit, time deposits, bankers’ acceptances, prime commercial paper, corporate obligations, municipal obligations, U.S. government securities and repurchase agreements collateralized by U.S. government securities. The Fund’s investments may also include variable rate demand notes and repurchase agreements secured by collateral other than cash and U.S. government securities to the extent permitted by Rule 2a-7 of the Investment Company Act of 1940, as amended.

Disclosure regarding the risks of investing in repurchase agreements under “HSBC Prime Money Market Fund – Summary Section – Principal Investment Risks” on page 11 of the Prospectus is deleted and replaced with the following:

Repurchase Agreements: If the seller in a repurchase agreement defaults on its obligation to repurchase the underlying securities at a time when the value of these securities has declined, the Fund may incur a loss upon disposition of the securities. These risks are increased to the extent that a repurchase agreement is secured by collateral other than cash and U.S. government securities. There is also a risk that the seller of the agreement may become insolvent and subject to liquidation.

PLEASE RETAIN THIS SUPPLEMENT WITH THE
STATEMENT OF ADDITIONAL INFORMATION FOR FUTURE REFERENCE