0000798290
2012-02-28
2012-02-28
0000798290
reaxx:S000005051Member
2012-02-28
2012-02-28
<div><b>Principal Investment Strategies</b></div>
<p align="left"><font size="2" style="font-family:times new roman">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.</font></p>
<div><b>Principal Investment Risks</b></div>
<p align="left"><i><font size="2" style="font-family:times new roman">Repurchase Agreements: </font></i><font size="2" style="font-family:times new roman">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.</font></p>
<p align="center"><b><font style="font-family: times new roman;" size="2">HSBC FUNDS </font></b></p>
<p align="center"><b><font style="font-family: times new roman;" size="2">Supplement Dated December 26, 2012 to the<br />HSBC Prime Money Market Fund Prospectus<br /></font></b><b><font style="font-family: times new roman;" size="2">Dated February 28, 2012, as Supplemented (“Prospectus”) </font></b></p>
<p align="left"><b><i><font style="font-family: times new roman;" size="2">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: </font></i></b></p>
<p align="left"><font style="font-family: times new roman;" size="2">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. </font></p>
<p align="left"><b><i><font style="font-family: times new roman;" size="2">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: </font></i></b></p>
<p align="left"><i><font style="font-family: times new roman;" size="2">Repurchase Agreements: </font></i><font style="font-family: times new roman;" size="2">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.</font></p>
<p align="center"><b><font style="font-family: times new roman;" size="2">PLEASE RETAIN THIS SUPPLEMENT WITH THE<br /></font></b><b><font style="font-family: times new roman;" size="2">STATEMENT OF ADDITIONAL INFORMATION FOR FUTURE REFERENCE</font></b></p>
Other
2012-12-26
HSBC FUNDS
0000798290
false
2012-12-26
2012-12-26
2012-12-26