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        </sharesOutstandings>
        <fundTypes>
          <fundType>Money Market Fund</fundType>
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        <isNonDiversifiedCompany>N</isNonDiversifiedCompany>
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        <isFundSecuritiesLending>N</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>N/A</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>N/A</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 32a-4 (17 CFR 270.32a-4)</relyOnRuleType>
          <relyOnRuleType>Rule 12d1-1 (17 CFR 270.12d1-1)</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>Y</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>HSBC Global Asset Management (USA) Inc.</investmentAdviserName>
            <investmentAdviserFileNo>801-25999</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000105686</investmentAdviserCrdNo>
            <investmentAdviserLei>213800MB7UGCSL5S3P42</investmentAdviserLei>
            <investmentAdviserStateCountry investmentAdviserState="US-NY" investmentAdviserCountry="US"/>
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        </investmentAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>State Street Bank and Trust Company</transferAgentName>
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            <transferAgentLei>571474TGEMMWANRLN572</transferAgentLei>
            <transferAgentStateCountry transferAgentState="US-MA" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>N</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
          <transferAgent>
            <transferAgentName>SS&amp;C GIDS, Inc.</transferAgentName>
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            <transferAgentStateCountry transferAgentState="US-MO" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>N</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>Y</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>PricingDirect Inc.</pricingServiceName>
            <pricingServiceLei>549300WIC0TOJ7N7GD54</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
          <pricingService>
            <pricingServiceName>London Stock Exchange Group PLC</pricingServiceName>
            <pricingServiceLei>213800QAUUUP6I445N30</pricingServiceLei>
            <pricingServiceCountry>GB</pricingServiceCountry>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
          <pricingService>
            <pricingServiceName>Intercontinental Exchange, Inc.</pricingServiceName>
            <pricingServiceLei>5493000F4ZO33MV32P92</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-GA" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
          <pricingService>
            <pricingServiceName>Bloomberg L.P.</pricingServiceName>
            <pricingServiceLei>549300B56MD0ZC402L06</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
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        </pricingServices>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>State Street Bank and Trust Company</custodianName>
            <custodianLei>571474TGEMMWANRLN572</custodianLei>
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            <isCustodianAffiliated>N</isCustodianAffiliated>
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            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
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        </custodians>
        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <shareholderServicingAgents>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>SS&amp;C GIDS, Inc.</shareholderServiceAgentName>
            <shareholderServiceAgentLei>21B7QCD05XOK0YTYOP98</shareholderServiceAgentLei>
            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-MO" shareholderServiceAgentCountry="US"/>
            <isShareholderServiceAgentAffiliated>N</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
          </shareholderServicingAgent>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>HSBC Bank USA, National Association</shareholderServiceAgentName>
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            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-NY" shareholderServiceAgentCountry="US"/>
            <isShareholderServiceAgentAffiliated>Y</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
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          <shareholderServicingAgent>
            <shareholderServiceAgentName>LPL Financial LLC</shareholderServiceAgentName>
            <shareholderServiceAgentLei>5493005NM7F0H1N3EQ39</shareholderServiceAgentLei>
            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-MA" shareholderServiceAgentCountry="US"/>
            <isShareholderServiceAgentAffiliated>N</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
          </shareholderServicingAgent>
        </shareholderServicingAgents>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>State Street Bank and Trust Company</adminName>
            <adminLei>571474TGEMMWANRLN572</adminLei>
            <adminStateCountry adminState="US-MA" adminCountry="US"/>
            <isAdminAffiliated>N</isAdminAffiliated>
            <isAdminSubAdmin>Y</isAdminSubAdmin>
          </admin>
          <admin>
            <adminName>HSBC Global Asset Management (USA) Inc.</adminName>
            <adminLei>213800MB7UGCSL5S3P42</adminLei>
            <adminStateCountry adminState="US-NY" adminCountry="US"/>
            <isAdminAffiliated>Y</isAdminAffiliated>
            <isAdminSubAdmin>N</isAdminSubAdmin>
          </admin>
        </admins>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <brokerDealers>
          <brokerDealer>
            <brokerDealerName>HSBC Securities (USA) Inc.</brokerDealerName>
            <brokerDealerFileNo>8-41562</brokerDealerFileNo>
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            <brokerDealerLei>CYYGQCGNHMHPSMRL3R97</brokerDealerLei>
            <brokerDealerStateCountry brokerDealerState="US-NY" brokerDealerCountry="US"/>
            <brokerDealerCommission>0.00000000</brokerDealerCommission>
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        </brokerDealers>
        <aggregateCommission>0.00000000</aggregateCommission>
        <principalTransactions>
          <principalTransaction>
            <principalName>Northern Trust Securities, Inc.</principalName>
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            <principalLei>3CHSO99JSPHD9HGNYJ46</principalLei>
            <principalStateCountry principalState="US-IL" principalCountry="US"/>
            <principalTotalPurchaseSale>714815000000.00000000</principalTotalPurchaseSale>
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          <principalTransaction>
            <principalName>Standard Chartered Securities (North America) LLC</principalName>
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            <principalCrdNo>000130847</principalCrdNo>
            <principalLei>5493003GCX71N8988W38</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>130525000000.00000000</principalTotalPurchaseSale>
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          <principalTransaction>
            <principalName>BNY Capital Markets, LLC</principalName>
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          <principalTransaction>
            <principalName>SG Americas Securities, LLC</principalName>
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          <principalTransaction>
            <principalName>TD Securities (USA) LLC</principalName>
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            <principalLei>SUVUFHICNZMP2WKHG940</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>130514695845.69000000</principalTotalPurchaseSale>
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          <principalTransaction>
            <principalName>Wells Fargo Securities, LLC</principalName>
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            <principalCrdNo>000126292</principalCrdNo>
            <principalLei>VYVVCKR63DVZZN70PB21</principalLei>
            <principalStateCountry principalState="US-NC" principalCountry="US"/>
            <principalTotalPurchaseSale>153481187160.83000000</principalTotalPurchaseSale>
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          <principalTransaction>
            <principalName>Federal Reserve Bank of New York</principalName>
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            <principalLei>254900Y8NKGV541U8Q32</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
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          <principalTransaction>
            <principalName>State Street Bank and Trust Company</principalName>
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            <principalStateCountry principalState="US-MA" principalCountry="US"/>
            <principalTotalPurchaseSale>942918286862.12000000</principalTotalPurchaseSale>
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          <principalTransaction>
            <principalName>Citigroup Global Markets Inc.</principalName>
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          <principalTransaction>
            <principalName>Credit Agricole Securities (USA) Inc.</principalName>
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            <principalLei>549300WO2DKF0Q3YMV43</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
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        <principalAggregatePurchase>4227652176967.76000000</principalAggregatePurchase>
        <isBrokerageResearchPayment>N</isBrokerageResearchPayment>
        <dailyAvgNetAssets>35964274136.56825136</dailyAvgNetAssets>
        <hasLineOfCredit>N</hasLineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
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      <managementInvestmentQuestion>
        <mgmtInvFundName>HSBC Radiant U.S. Smaller Companies Fund</mgmtInvFundName>
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        <mgmtInvLei>213800KVTVYOA4N6AY73</mgmtInvLei>
        <isFirstFilingByFund>N</isFirstFilingByFund>
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        <numTerminatedClass>0</numTerminatedClass>
        <sharesOutstandings>
          <sharesOutstanding sharesOutstandingClassName="A Shares" sharesOutstandingClassId="C000013749" sharesOutstandingTickerSymbol="HSOAX"/>
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          <masterFeederFundInfo fundType="Master-Feeder Fund">
            <masterFunds masterFundName="HSBC RADIANT US SM CO PORT" masterFundFileNo="811-04782" masterFundSECFileNo="N/A" masterFundLei="213800HO64XDKSZCIW67"/>
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        <isFundSecuritiesLending>N</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>N/A</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>N/A</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 32a-4 (17 CFR 270.32a-4)</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>Y</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>HSBC Global Asset Management (USA) Inc.</investmentAdviserName>
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        <transferAgents>
          <transferAgent>
            <transferAgentName>SS&amp;C GIDS, Inc.</transferAgentName>
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            <transferAgentLei>21B7QCD05XOK0YTYOP98</transferAgentLei>
            <transferAgentStateCountry transferAgentState="US-MO" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>N</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>Y</isTransferAgentSubAgent>
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          <transferAgent>
            <transferAgentName>State Street Bank and Trust Company</transferAgentName>
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            <isTransferAgentAffiliated>N</isTransferAgentAffiliated>
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        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>State Street Bank and Trust Company</custodianName>
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            <isCustodianAffiliated>N</isCustodianAffiliated>
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            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
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        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <shareholderServicingAgents>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>Pershing LLC</shareholderServiceAgentName>
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          <shareholderServicingAgent>
            <shareholderServiceAgentName>LPL Financial LLC</shareholderServiceAgentName>
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            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
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          <shareholderServicingAgent>
            <shareholderServiceAgentName>HSBC Bank USA, National Association</shareholderServiceAgentName>
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            <isShareholderServiceAgentAffiliated>Y</isShareholderServiceAgentAffiliated>
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          <shareholderServicingAgent>
            <shareholderServiceAgentName>SS&amp;C GIDS, Inc.</shareholderServiceAgentName>
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            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
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        </shareholderServicingAgents>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>HSBC Global Asset Management (USA) Inc.</adminName>
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          <admin>
            <adminName>State Street Bank and Trust Company</adminName>
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        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <brokerDealers>
          <brokerDealer>
            <brokerDealerName>HSBC Securities (USA) Inc.</brokerDealerName>
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            <brokerDealerStateCountry brokerDealerState="US-NY" brokerDealerCountry="US"/>
            <brokerDealerCommission>0.00000000</brokerDealerCommission>
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        <aggregateCommission>0.00000000</aggregateCommission>
        <principalAggregatePurchase>0.00000000</principalAggregatePurchase>
        <isBrokerageResearchPayment>N</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>8053723.79076923</mnthlyAvgNetAssets>
        <hasLineOfCredit>N</hasLineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
        <isSwingPricing>N</isSwingPricing>
      </managementInvestmentQuestion>
      <managementInvestmentQuestion>
        <mgmtInvFundName>HSBC Radiant U.S. Smaller Companies Portfolio</mgmtInvFundName>
        <mgmtInvSeriesId>S000055061</mgmtInvSeriesId>
        <mgmtInvLei>213800HO64XDKSZCIW67</mgmtInvLei>
        <isFirstFilingByFund>N</isFirstFilingByFund>
        <numAuthorizedClass>1</numAuthorizedClass>
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        <sharesOutstandings>
          <sharesOutstanding sharesOutstandingClassName="Master Portfolio" sharesOutstandingClassId="C000173143" sharesOutstandingTickerSymbol="N/A"/>
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        <isForeignSubsidiary>N</isForeignSubsidiary>
        <isFundSecuritiesLending>N</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>N/A</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>N/A</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 12d1-1 (17 CFR 270.12d1-1)</relyOnRuleType>
          <relyOnRuleType>Rule 32a-4 (17 CFR 270.32a-4)</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>N</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>N</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>HSBC Global Asset Management (USA) Inc.</investmentAdviserName>
            <investmentAdviserFileNo>801-25999</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000105686</investmentAdviserCrdNo>
            <investmentAdviserLei>213800MB7UGCSL5S3P42</investmentAdviserLei>
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            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
          </investmentAdviser>
        </investmentAdvisers>
        <subAdvisers>
          <subAdviser>
            <subAdviserName>Radiant Global Investors LLC</subAdviserName>
            <subAdviserFileNo>801-123268</subAdviserFileNo>
            <subAdviserCrdNo>000316920</subAdviserCrdNo>
            <subAdviserLei>549300GHZSMBQSBXUS10</subAdviserLei>
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    <attachmentsTab>
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    <signature registrantSignedName="HSBC FUNDS" signedDate="2025-01-03" signature="Clem Sell" title="Treasurer"/>
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</edgarSubmission>
