Form 497 HSBC FUNDS

Ioannis Tzouganatos Vice President

Citi Fund Services 800 Boylston St, 24th Floor Boston, MA 02199

Tel. 617-859-3458 [email protected]

July 21, 2016

VIA EDGAR

U.S. Securities and Exchange Commission
Office of Filings and Information Services
Branch of Registrations and Examinations
100 F Street, N.E.
Washington, D.C. 20549

Ladies and Gentlemen:

On behalf of the HSBC Emerging Markets Debt Fund and HSBC Emerging Markets Local Debt Fund, (the “Funds”), each a series of the Registrant, and pursuant to Rule 497(e) under the Securities Act of 1933, as amended (the “1933 Act”), this filing is being made for the sole purpose of submitting an interactive data file relating to the supplement to the Funds’ prospectus filed with the Securities and Exchange Commission on behalf of the Funds pursuant to Rule 497(e) of the 1933 Act on June 30, 2016 (Accession No. 0001206774-16-006306).

No fee is required in connection with this filing. Please direct any questions concerning the filing to me at 617.428.3458

Very truly yours,

/s/ Ioannis Tzouganatos

Ioannis Tzouganatos

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