HSBC World Selection Funds April 30, Monthly Factsheets Class A and C Shares. Investment products: ARE NOT A BANK ARE NOT DEPOSIT OR

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1 HSBC World Selection Funds April 30, 2016 Monthly Factsheets Class A and C Shares Aggressive Strategy Fund Balanced Strategy Fund Moderate Strategy Fund Conservative Strategy Fund Income Strategy Fund Investment products: ARE NOT A BANK ARE NOT DEPOSIT OR FDIC OBLIGATION OF THE INSURED BANK OR ANY OF ITS AFFILIATES ARE NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY ARE NOT GUARANTEED BY THE BANK OR ANY OF ITS AFFILIATES MAY LOSE VALUE

2 HSBC World Selection Funds April 30, 2016 Aggressive Strategy Fund Portfolio objective The investment objective of the Aggressive Strategy Fund is long-term growth of capital. Total returns Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and principal value will fluctuate so that an investor s shares, when redeemed may be worth more or less than the original cost. To obtain performance information current to the most recent month end, please call , or visit our website at https://investorfunds.us.hsbc.com. The performance above reflects any fee waivers that have been in effect during the applicable periods as well as any expense reimbursements that have periodically been made. Absent such waivers and reimbursements, returns would have been lower. The indices used for performance comparison are unmanaged and do not reflect the fees and expenses associated with a mutual fund, and investors cannot directly invest in an index. Effective January 19, 2010, the range of available asset classes for investment was expanded to include non-hsbc Funds and the Fund s target allocation was revised. Accordingly, the performance of the Fund prior to January 19, 2010 is not representative of the Funds current investment objective and strategy, and all such performance should be considered with this in mind. Please see page 11 for additional Fund information and index definitions. As of April 30, 2016 As of March 31, 2016 Aggressive Strategy Fund 1 Aggregate Average annual Average annual Without Sales Charge 3 Month YTD 1 Year 3 Years 5 Years 10 Years Inception 1 Year 5 Years 10 Years Class A 6.58% 1.18% -6.74% 3.82% 3.49% 3.48% 5.14% -5.32% 3.88% 3.57% Class C 6.44% 0.97% -7.33% 3.06% 2.72% 3.12% 4.92% -5.98% 3.10% 3.20% With Sales Charge Class A (5.00%) 1.27% -3.87% % 2.08% 2.43% 2.95% 4.65% % 2.82% 3.04% Class C (1.00%) 5.44% -0.03% -8.26% 3.06% 2.72% 3.12% 4.92% -6.91% 3.10% 3.20% MSCI ACWI Index % 1.93% -5.13% 5.62% 5.26% 4.44% 5.89% -3.81% 5.80% 4.63% S&P 500 Index % 1.74% 1.21% 11.26% 11.02% 6.91% 7.14% 1.78% 11.58% 7.01% MSCI EAFE Index % 0.04% -8.89% 1.92% 2.16% 2.09% 4.28% -7.87% 2.76% 2.27% Barclays U.S. Aggregate Bond Index % 3.43% 2.72% 2.29% 3.60% 4.95% 4.46% 1.96% 3.78% 4.90% BofA Merrill Lynch U.S. High Yield Master II Index % 7.37% -1.34% 2.46% 5.22% 7.20% 6.89% -3.99% 4.71% 6.85% Citigroup U.S. Domestic 3-Month T-Bill % 0.08% 0.10% 0.06% 0.06% 1.04% 1.30% 0.08% 0.06% 1.07% Fund details Investment adviser HSBC Global Asset Management (USA) Inc. Launch price $10.00 Inception date A: February 14, 2005 C: June 9, 2005 Total number of holdings 10 Ticker (by class) A: HAAGX B: HBAGX C: HCAGX Annual management charge 0.25% CUSIP (by class) A: 40428X750 B: 40428X743 C: 40428X735 Total net assets (all fund classes) $14,406,235 Sales charge (by class) 3 A: 5.00% B: 4.00% C: 1.00% Income Dividend (pay date) A: $ (n/a) C: $ (n/a) Expense ratio (gross) 4 A: 1.79% B: 2.54% C: 2.54% Capital Gain Dividend (pay date) A: $ (n/a) C: $ (n/a) Represents holdings in affiliated portfolios, affiliated and non-affiliated investment companies and exchange traded funds as of April 30, Holdings are subject to change without notice. 1

3 Aggressive Strategy Fund Portfolio summary as of April 30, 2016 Global equity % of assets Passive 53.9% Vanguard FTSE AW 23.4% Vanguard 500 Index 30.5% Alternative Beta 33.8% PowerShares FTSE RAFI US 16.1% PowerShares FTSE RAFI DEV 7.5% ishares Currency Hedged MSCI ETF 10.2% Fixed income Credit 3.8% Columbia High Yield 2.8% HSBC Emerging Markets Debt 1.0% Government Bonds 1.6% HSBC Emerging Markets Local Debt 1.6% Alternatives Global property 5.0% SPDR DJ Global 5.0% Cash Cash 1.9% Portfolio total 100.0% Portfolio composition by asset allocation B C D Top 10 Fund holdings A A. Global Equity 87.7% B. Fixed Income 5.4% C. Alternatives 5.0% D. Cash 1.9% % of total Vanguard 500 Index 30.5% Vanguard FTSE AW 23.4% PowerShares FTSE RAFI US 16.1% ishares Currency Hedged MSCI ETF 10.2% PowerShares FTSE RAFI DEV 7.5% SPDR DJ Global 5.0% Columbia High Yield 2.8% HSBC Money Market 1.9% HSBC Emerging Markets Local Debt 1.6% HSBC Emerging Markets Debt 1.0% The portfolio summary information is subject to change without notice. 1 Certain returns shown include monies received by one or more of the Portfolios, in which the Fund invests, in respect of one-time class action settlements. As a result, the Fund s total returns for those periods were higher than they would have been had the Portfolio(s) not received the payments. 2 Inception performance calculated from February 14, The sales charge for Class A Shares represents the maximum sales charge. Sales charges for Class B and Class C Shares may be assessed on redemptions. The exact amount of these charges, if any, depends on the amount of time the shares have been held by the investor. See the Prospectus for more information. 4 Reflects the expense ratio as reported in the prospectus dated February 28,

4 HSBC World Selection Funds April 30, 2016 Balanced Strategy Fund Portfolio objective The investment objective of the Balanced Strategy Fund is long-term growth of capital. Total returns Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and principal value will fluctuate so that an investor s shares, when redeemed may be worth more or less than the original cost. To obtain performance information current to the most recent month end, please call , or visit our website at https://investorfunds.us.hsbc.com. The performance above reflects any fee waivers that have been in effect during the applicable periods as well as any expense reimbursements that have periodically been made. Absent such waivers and reimbursements, returns would have been lower. The indices used for performance comparison are unmanaged and do not reflect the fees and expenses associated with a mutual fund, and investors cannot directly invest in an index. Effective January 19, 2010, the range of available asset classes for investment was expanded to include non-hsbc Funds and the Fund s target allocation was revised. Accordingly, the performance of the Fund prior to January 19, 2010 is not representative of the Funds current investment objective and strategy, and all such performance should be considered with this in mind. Please see page 11 for additional Fund information and index definitions. As of April 30, 2016 As of March 31, 2016 Balanced Strategy Fund 1 Aggregate Average annual Average annual Without Sales Charge 3 Month YTD 1 Year 3 Years 5 Years 10 Years Inception 1 Year 5 Years 10 Years Class A 6.74% 2.25% -5.48% 2.78% 3.35% 3.73% 5.17% -4.41% 3.68% 3.78% Class C 6.61% 1.95% -6.13% 2.03% 2.59% 3.35% 5.05% -5.06% 2.92% 3.38% With Sales Charge Class A (5.00%) 1.39% -2.84% % 1.04% 2.30% 3.20% 4.69% -9.17% 2.62% 3.24% Class C (1.00%) 5.61% 0.95% -7.06% 2.03% 2.59% 3.35% 5.05% -6.01% 2.92% 3.38% MSCI ACWI Index % 1.93% -5.13% 5.62% 5.26% 4.44% 6.00% -3.81% 5.80% 4.63% S&P 500 Index % 1.74% 1.21% 11.26% 11.02% 6.91% 7.17% 1.78% 11.58% 7.01% MSCI EAFE Index % 0.04% -8.89% 1.92% 2.16% 2.09% 4.49% -7.87% 2.76% 2.27% Barclays U.S. Aggregate Bond Index % 3.43% 2.72% 2.29% 3.60% 4.95% 4.45% 1.96% 3.78% 4.90% BofA Merrill Lynch U.S. High Yield Master II Index % 7.37% -1.34% 2.46% 5.22% 7.20% 6.89% -3.99% 4.71% 6.85% Citigroup U.S. Domestic 3-Month T-Bill % 0.08% 0.10% 0.06% 0.06% 1.04% 1.30% 0.08% 0.06% 1.07% Fund details Investment adviser HSBC Global Asset Management (USA) Inc. Launch price $10.00 Inception date A: February 8, 2005 C: April 27, 2005 Total number of holdings 10 Ticker (by class) A: HAGRX B: HSBGX C: HCGRX Annual management charge 0.25% CUSIP (by class) A: 40428X719 B: 40428X693 C: 40428X685 Total net assets (all fund classes) $36,583,633 Sales charge (by class) 3 A: 5.00% B: 4.00% C: 1.00% Income Dividend (pay date) A: $ (n/a) C: $ (n/a) Expense ratio (gross) 4 A: 1.47% B: 2.22% C: 2.22% Capital Gain Dividend (pay date) A: $ (n/a) C: $ (n/a) Represents holdings in affiliated portfolios, affiliated and non-affiliated investment companies and exchange traded funds as of April 30, Holdings are subject to change without notice. 3

5 Balanced Strategy Fund Portfolio summary as of April 30, 2016 Global equity % of assets Passive 45.3% Vanguard FTSE AW 19.5% Vanguard 500 Index 25.8% Alternative Beta 27.0% PowerShares FTSE RAFI US 12.8% PowerShares FTSE RAFI DEV 5.9% ishares Currency Hedged MSCI ETF 8.3% Fixed income Credit 16.7% Columbia High Yield 11.7% HSBC Emerging Markets Debt 5.0% Government Bonds 4.1% HSBC Emerging Markets Local Debt 4.1% Alternatives Global Property 5.0% SPDR DJ Global 5.0% Cash Cash 1.9% Portfolio total 100.0% Portfolio composition by asset allocation B C D Top 10 Fund holdings A A. Global Equity 72.3% B. Fixed Income 20.8% C. Alternatives 5.0% D. Cash 1.9% % of total Vanguard 500 Index 25.8% Vanguard FTSE AW 19.5% PowerShares FTSE RAFI US 12.8% Columbia High Yield 11.7% ishares Currency Hedged MSCI ETF 8.3% PowerShares FTSE RAFI DEV 5.9% HSBC Emerging Markets Debt 5.0% SPDR DJ Global 5.0% HSBC Emerging Markets Local Debt 4.1% HSBC Money Market 1.9% The portfolio summary information is subject to change without notice. 1 Certain returns shown include monies received by one or more of the Portfolios, in which the Fund invests, in respect of one-time class action settlements. As a result, the Fund s total returns for those periods were higher than they would have been had the Portfolio(s) not received the payments. 2 Inception performance calculated from February 8, The sales charge for Class A Shares represents the maximum sales charge. Sales charges for Class B and Class C Shares may be assessed on redemptions. The exact amount of these charges, if any, depends on the amount of time the shares have been held by the investor. See the Prospectus for more information. 4 Reflects the expense ratio as reported in the prospectus dated February 28,

6 HSBC World Selection Funds April 30, 2016 Moderate Strategy Fund Portfolio objective The investment objective of the Moderate Strategy Fund is high total return consisting of long-term growth of capital and current income. Total returns Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and principal value will fluctuate so that an investor s shares, when redeemed may be worth more or less than the original cost. To obtain performance information current to the most recent month end, please call , or visit our website at https://investorfunds.us.hsbc.com. The performance above reflects any fee waivers that have been in effect during the applicable periods as well as any expense reimbursements that have periodically been made. Absent such waivers and reimbursements, returns would have been lower. The indices used for performance comparison are unmanaged and do not reflect the fees and expenses associated with a mutual fund, and investors cannot directly invest in an index. Effective January 19, 2010, the investment objective was revised from seeking a competitive total return consisting of long-term growth of capital and current income. In addition, the range of available asset classes for investment was expanded to include non-hsbc Funds and the Fund s target allocation was revised. Accordingly, the performance of the Fund prior to January 19, 2010 is not representative of the Funds current investment objective and strategy, and all such performance should be considered with this in mind. Please see page 11 for additional Fund information and index definitions. Fund details As of April 30, 2016 As of March 31, 2016 Moderate Strategy Fund 1 Aggregate Average annual Average annual Without Sales Charge 3 Month YTD 1 Year 3 Years 5 Years 10 Years Inception 1 Year 5 Years 10 Years Class A 6.06% 3.05% -3.47% 2.24% 3.12% 3.77% 4.70% -3.19% 3.43% 3.78% Class C 5.93% 2.80% -4.12% 1.50% 2.36% 3.36% 4.32% -3.92% 2.64% 3.40% With Sales Charge Class A (5.00%) 0.76% -2.14% -8.28% 0.49% 2.06% 3.24% 4.22% -8.00% 2.37% 3.25% Class C (1.00%) 4.93% 1.80% -5.07% 1.50% 2.36% 3.36% 4.32% -4.87% 2.64% 3.40% MSCI ACWI Index % 1.93% -5.13% 5.62% 5.26% 4.44% 6.06% -3.81% 5.80% 4.63% S&P 500 Index % 1.74% 1.21% 11.26% 11.02% 6.91% 7.26% 1.78% 11.58% 7.01% MSCI EAFE Index % 0.04% -8.89% 1.92% 2.16% 2.09% 4.49% -7.87% 2.76% 2.27% Barclays U.S. Aggregate Bond Index % 3.43% 2.72% 2.29% 3.60% 4.95% 4.49% 1.96% 3.78% 4.90% BofA Merrill Lynch U.S. High Yield Master II Index % 7.37% -1.34% 2.46% 5.22% 7.20% 6.94% -3.99% 4.71% 6.85% Citigroup U.S. Domestic 3-Month T-Bill % 0.08% 0.10% 0.06% 0.06% 1.04% 1.30% 0.08% 0.06% 1.07% Investment adviser HSBC Global Asset Management (USA) Inc. Launch price $10.00 Inception date A: February 3, 2005 C: June 9, 2005 Total number of holdings 16 Ticker (by class) A: HSAMX B: HSBMX C: HSCMX Annual management charge 0.25% CUSIP (by class) A: 40428X669 B: 40428X651 C: 40428X644 Total net assets (all fund classes) $35,378,164 Sales charge (by class) 3 A: 5.00% B: 4.00% C: 1.00% Income Dividend (pay date) A: $ (n/a) C: $ (n/a) Expense ratio (gross) 4 A: 1.49% B: 2.24% C: 2.24% Capital Gain Dividend (pay date) A: $ (n/a) C: $ (n/a) Represents holdings in affiliated portfolios, affiliated and non-affiliated investment companies and exchange traded funds as of April 30, Holdings are subject to change without notice. 5

7 Moderate Strategy Fund Portfolio summary as of April 30, 2016 Global equity % of assets Passive 30.6% Vanguard FTSE AW 13.2% Vanguard 500 Index 17.4% Alternative Beta 18.3% PowerShares FTSE RAFI US 8.6% PowerShares FTSE RAFI DEV 3.9% ishares Currency Hedged MSCI ETF 5.8% Fixed income Credit 36.9% Columbia High Yield 11.9% HSBC Emerging Markets Debt 5.1% ishares Iboxx Investment Grade Bond 10.0% SPDR Barclays Inter ETF 9.9% Government Bonds 7.1% HSBC Emerging Markets Local Debt 4.1% ishares Tips Bond ETF 0.3% ishares 7-10 Year 0.4% ishares 1-3 Year 0.9% ishares Barclays 3-7 Year 1.4% Alternatives Global Property 4.9% SPDR DJ Global 4.9% Portfolio composition by asset allocation B C D Top 10 Fund holdings A A. Global Equity 49.0% B. Fixed Income 44.0% C. Alternatives 4.9% D. Cash 2.1% % of total Vanguard 500 Index 17.4% Vanguard FTSE AW 13.2% Columbia High Yield 11.9% ishares Iboxx Investment Grade Bond 10.0% SPDR Barclays Inter ETF 9.9% PowerShares FTSE RAFI US 8.6% ishares Currency Hedged MSCI ETF 5.8% HSBC Emerging Markets Debt 5.1% SPDR DJ Global 4.9% HSBC Emerging Markets Local Debt 4.1% Cash Cash 2.1% Portfolio total 100.0% The portfolio summary information is subject to change without notice. 1 Certain returns shown include monies received by one or more of the Portfolios, in which the Fund invests, in respect of one-time class action settlements. As a result, the Fund s total returns for those periods were higher than they would have been had the Portfolio(s) not received the payments. 2 Inception performance calculated from February 3, The sales charge for Class A Shares represents the maximum sales charge. Sales charges for Class B and Class C Shares may be assessed on redemptions. The exact amount of these charges, if any, depends on the amount of time the shares have been held by the investor. See the Prospectus for more information. 4 Reflects the expense ratio as reported in the prospectus dated February 28,

8 HSBC World Selection Funds April 30, 2016 Conservative Strategy Fund Portfolio objective The investment objective of the Conservative Strategy Fund is high total return consisting of long-term growth of capital and current income. Total returns 30-Day SEC Yield 1 : 1.14% As of April 30, 2016 As of March 31, 2016 Conservative Strategy Fund 2 Aggregate Average annual Average annual Without Sales Charge 3 Month YTD 1 Year 3 Years 5 Years 10 Years Inception 1 Year 5 Years 10 Years Class A 4.46% 3.14% -1.80% 1.50% 2.86% 3.56% 4.11% -2.19% 3.13% 3.57% Class C 4.34% 2.95% -2.50% 0.79% 2.10% 3.23% 4.02% -2.88% 2.37% 3.23% With Sales Charge Class A (5.00%) -0.80% -1.99% -6.73% -0.22% 1.81% 3.02% 3.63% -7.05% 2.09% 3.04% Class C (1.00%) 3.34% 1.95% -3.47% 0.79% 2.10% 3.23% 4.02% -3.84% 2.37% 3.23% MSCI ACWI Index % 1.93% -5.13% 5.62% 5.26% 4.44% 5.94% -3.81% 5.80% 4.63% S&P 500 Index % 1.74% 1.21% 11.26% 11.02% 6.91% 7.28% 1.78% 11.58% 7.01% MSCI EAFE Index % 0.04% -8.89% 1.92% 2.16% 2.09% 4.28% -7.87% 2.76% 2.27% Barclays U.S. Aggregate Bond Index % 3.43% 2.72% 2.29% 3.60% 4.95% 4.53% 1.96% 3.78% 4.90% BofA Merrill Lynch U.S. High Yield Master II Index % 7.37% -1.34% 2.46% 5.22% 7.20% 6.89% -3.99% 4.71% 6.85% Citigroup U.S. Domestic 3-Month T-Bill % 0.08% 0.10% 0.06% 0.06% 1.04% 1.30% 0.08% 0.06% 1.07% Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and principal value will fluctuate so that an investor s shares, when redeemed may be worth more or less than the original cost. To obtain performance information current to the most recent month end, please call , or visit our website at https://investorfunds.us.hsbc.com. The performance above reflects any fee waivers that have been in effect during the applicable periods as well as any expense reimbursements that have periodically been made. Absent such waivers and reimbursements, returns would have been lower. The indices used for performance comparison are unmanaged and do not reflect the fees and expenses associated with a mutual fund, and investors cannot directly invest in an index. Effective January 19, 2010, the investment objective was revised from seeking a competitive total return consisting of long-term growth of capital and current income. In addition, the range of available asset classes for investment was expanded to include non-hsbc Funds and the Fund s target allocation was revised. Accordingly, the performance of the Fund prior to January 19, 2010 is not representative of the Funds current investment objective and strategy, and all such performance should be considered with this in mind. Please see page 11 for additional Fund information and index definitions. Fund details Investment adviser HSBC Global Asset Management (USA) Inc. Launch price $10.00 Inception date A: February 23, 2005 C: April 19, 2005 Total number of holdings 17 Ticker (by class) A: HACGX B: HBCGX C: HCCGX Annual management charge 0.25% CUSIP (by class) A: 40428X628 B: 40428X610 C: 40428X594 Total net assets (all fund classes) $15,513,372 Sales charge (by class) 4 A: 5.00% B: 4.00% C: 1.00% Income Dividend (pay date) A: $ (n/a) C: $ (n/a) Expense ratio (gross) 5 A: 1.73% B: 2.48% C: 2.48% Capital Gain Dividend (pay date) A: $ (n/a) C: $ (n/a) Represents holdings in affiliated portfolios, affiliated and non-affiliated investment companies and exchange traded funds as of April 30, Holdings are subject to change without notice. 7

9 Conservative Strategy Fund Portfolio summary as of April 30, 2016 Global equity % of assets Passive 14.7% Vanguard FTSE AW 6.2% Vanguard 500 Index 8.5% Alternative Beta 8.6% PowerShares FTSE RAFI US 4.2% PowerShares FTSE RAFI DEV 1.7% ishares Currency Hedged MSCI ETF 2.7% Fixed income Credit 50.4% Columbia High Yield 13.1% HSBC Emerging Markets Debt 4.5% ishares Iboxx Investment Grade Bond 15.9% SPDR Barclays Inter ETF 16.9% Government Bonds 19.3% HSBC Emerging Markets Local Debt 2.6% ishares Tips Bond ETF 1.3% ishares 20+ Year Treasury Bond 0.8% ishares 7-10 Year 1.8% ishares 1-3 Year 5.3% ishares Barclays 3-7 Year 7.5% Alternatives Global Property 5.0% SPDR DJ Global 5.0% Portfolio composition by asset allocation B C Top 10 Fund holdings D A A. Global Equity 23.3% B. Fixed Income 69.7% C. Alternatives 5.0% D. Cash 2.0% % of total SPDR Barclays Inter ETF 16.9% ishares Iboxx Investment Grade Bond 15.9% Columbia High Yield 13.1% Vanguard 500 Index 8.5% ishares Barclays 3-7 Year 7.5% Vanguard FTSE AW 6.2% ishares 1-3 Year 5.3% SPDR DJ Global 5.0% HSBC Emerging Markets Debt 4.5% PowerShares FTSE RAFI US 4.2% Cash Cash 2.0% Portfolio total 100.0% The portfolio summary information is subject to change without notice. 1 This yield is based on a 30-day period and is computed by dividing the net investment income per share earned during the period by the maximum offering price per share on the last day of the period. The SEC 30-Day Yields reflects a reduction in the Fund s fees. Past performance is no guarantee of future results. 2 Certain returns shown include monies received by one or more of the Portfolios, in which the Fund invests, in respect of one-time class action settlements. As a result, the Fund s total returns for those periods were higher than they would have been had the Portfolio(s) not received the payments. 3 Inception performance calculated from February 23, The sales charge for Class A Shares represents the maximum sales charge. Sales charges for Class B and Class C Shares may be assessed on redemptions. The exact amount of these charges, if any, depends on the amount of time the shares have been held by the investor. See the Prospectus for more information. 5 Reflects the expense ratio as reported in the prospectus dated February 28,

10 HSBC World Selection Funds April 30, 2016 Income Strategy Fund Portfolio objective The investment objective of the Income Strategy Fund is to provide current income. The Fund s secondary objective is to provide long-term growth of capital. Total returns Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and principal value will fluctuate so that an investor s shares, when redeemed may be worth more or less than the original cost. To obtain performance information current to the most recent month end, please call , or visit our website at https://investorfunds.us.hsbc.com. The performance above reflects any fee waivers that have been in effect during the applicable periods as well as any expense reimbursements that have periodically been made. Absent such waivers and reimbursements, returns would have been lower. Currently, contractual fee waivers are in effect from March 1, 2016 through March 1, The indices used for performance comparison are unmanaged and do not reflect the fees and expenses associated with a mutual fund, and investors cannot directly invest in an index. Please see page 11 for additional Fund information and index definitions. As of April 30, 2016 As of March 31, 2016 Income Strategy Fund Aggregate Average annual Average annual Without Sales Charge 3 Month YTD 1 Year 3 Years Inception 1 Year Inception Class A 3.37% 2.93% -0.70% 0.94% 2.89% -1.08% 2.73% Class C 3.19% 2.70% -1.54% 0.17% 2.10% -1.93% 1.93% With Sales Charge Class A (4.75%) -1.58% -1.97% -5.40% -0.69% 1.68% -5.78% 1.49% Class C (1.00%) 2.19% 1.70% -2.52% 0.17% 2.10% -2.91% 1.93% MSCI ACWI Index 8.44% 1.93% -5.13% 5.62% 7.47% -3.81% 7.22% S&P 500 Index 7.05% 1.74% 1.21% 11.26% 12.17% 1.78% 12.33% MSCI EAFE Index 7.82% 0.04% -8.89% 1.92% 5.33% -7.87% 4.67% Barclays U.S. Aggregate Bond Index 2.02% 3.43% 2.72% 2.29% 2.99% 1.96% 2.95% BofA Merrill Lynch U.S. High Yield Master II Index 9.10% 7.37% -1.34% 2.46% 5.37% -3.99% 4.46% Citigroup U.S. Domestic 3-Month T-Bill 0.06% 0.08% 0.10% 0.06% 0.06% 0.08% 0.06% Fund details Investment adviser HSBC Global Asset Management (USA) Inc. Launch price $10.00 Inception date March 20, 2012 Total number of holdings 17 Ticker (by class) A: HINAX B: HINBX C: HINCX Total net assets (all fund classes) $1,022,716 CUSIP (by class) A: 44330V753 B: 44330V746 C: 44330V738 Income Dividend (pay date) A: $ (5/2/16) Sales charge (by class) 1 A: 4.75% B: 4.00% C: 1.00% Expense ratio (gross/net) 2 A: 10.29%/1.77% B: 11.04%/2.52% C: 11.04%/2.52% Annual management charge 0.25% Capital Gain Dividend (pay date) C: $ (5/2/16) A: $ (n/a) C: $ (n/a) Represents holdings in affiliated portfolios, affiliated and non-affiliated investment companies and exchange traded funds as of April 30, Holdings are subject to change without notice. 9

11 Income Strategy Fund Portfolio summary as of April 30, 2016 Global equity % of assets Passive 11.0% Vanguard FTSE AW 4.5% Vanguard 500 Index 6.5% Alternative Beta 6.1% PowerShares FTSE RAFI US 3.1% PowerShares FTSE RAFI DEV 1.1% ishares Currency Hedged MSCI ETF 1.9% Fixed income Credit 30.2% Columbia High Yield 13.0% HSBC Emerging Markets Debt 2.1% ishares Iboxx Investment Grade Bond 7.0% SPDR Barclays Inter ETF 8.1% Government Bonds 46.5% HSBC Emerging Markets Local Debt 1.5% ishares Tips Bond ETF 3.4% ishares 20+ Year Treasury Bond 2.2% ishares 7-10 Year 4.9% ishares 1-3 Year 14.3% ishares Barclays 3-7 Year 20.2% Alternatives Global Property 2.0% SPDR DJ Global 2.0% Portfolio composition by asset allocation B Top 10 Fund holdings C A A. Global Equity 17.1% B. Fixed Income 76.7% C. Cash 4.2% % of total ishares Barclays 3-7 Year 20.2% ishares 1-3 Year 14.3% Columbia High Yield 13.0% SPDR Barclays Inter ETF 8.1% ishares Iboxx Investment Grade Bond 7.0% Vanguard 500 Index 6.5% ishares 7-10 Year 4.9% Vanguard FTSE AW 4.5% ishares Tips Bond ETF 3.4% PowerShares FTSE RAFI US 3.1% Cash Cash 4.2% Portfolio total 100.0% The portfolio summary information is subject to change without notice. 1 The sales charge for Class A Shares represents the maximum sales charge. Sales charges for Class B and Class C Shares may be assessed on redemptions. The exact amount of these charges, if any, depends on the amount of time the shares have been held by the investor. See the Prospectus for more information. 2 Reflects the expense ratio as reported in the prospectus dated February 28, HSBC Global Asset Management (USA) Inc., the Fund s investment adviser has entered into a contractual expense limitation agreement with the Fund under which it will limit total expenses of the Fund (excluding interest, tax, brokerage commissions, extraordinary expenses and estimated indirect expenses attributable to the Fund s investments in investment companies other than the HSBC Opportunity Portfolio) to an annual rate of 1.50%, 2.25% and 2.25% for the Class A Shares, Class B Shares and Class C Shares, respectively. The expense limitation agreement is effective until March 1,

12 Important information The views, opinions and statements of financial market trends herein are based on current market conditions are those of HSBC Global Asset Management and are subject to change without notice. We believe the information provided here is reliable but should not be assumed to be accurate or complete. The views and strategies described may not be suitable for all investors. These views do not necessarily reflect the opinions of our affiliates and may differ by product or strategy. Investment risks: Equity securities (stocks) are more volatile and carry more risk, than other forms of investments, including investments in highgrade fixed income securities. The net asset value per share of the Fund will fluctuate as the value of the securities in the portfolio changes. Common stocks, and funds investing in common stocks, generally provide greater return potential when compared with other types of investments. The growth investment style may fall out of favor in the marketplace and result in significant declines in the value of the Portfolio s securities. Securities of companies considered to be growth investments may have rapid price swings in the event of earnings disappointments or during periods of market, political, regulatory and economic uncertainty. Value-based investments are subject to the risk that the broad market may not recognize their intrinsic value. Small capitalization funds typically carry additional risks, since smaller companies generally have a higher risk of failure and historically have experienced a greater degree of market volatility than average. There are risks associated with investing in a fund that invests in securities of foreign countries, such as erratic market conditions, economic and political instabilities and fluctuations in currency exchanges. Bond funds will tend to experience smaller fluctuations in value than stock funds. However, investors in any bond fund should anticipate fluctuations in price, especially for longer-term issues and in environments of rising interest rates. High-yield bonds are subject to greater risks than investment-grade bonds, such as the increased risk of default because of the lower credit quality of the issues. Alternative investments can include hedge funds, managed futures, real estate, commodities and derivatives contracts. Because of their complex nature, limited regulations and relative lack of liquidity they carry a higher risk than traditional investment types such as stocks, bonds and cash. An investment in money market funds is not insured or guaranteed by the FDIC or any other government agency. HSBC Global Asset Management (USA) Inc. serves as investment adviser to the HSBC Funds and Portfolios and receives fees for such services. Shares of the Funds are not deposits or obligations of, or guaranteed or endorsed by, the advisers or any of their affiliates. Shares of the Funds are not federally insured by the U.S. Government, the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board or any other agency or state. Shares of the Funds are subject to investment risk, including possible loss of principal invested. HSBC Global Asset Management is the marketing name for the asset management businesses of HSBC Holdings Plc. HSBC Global Asset Management (USA) Inc. serves as the investment adviser to the HSBC Funds. Foreside Distribution Services, L.P., member FINRA, is the distributor of the HSBC Funds and is not affiliated with the Advisor. HSBC Securities (USA) Inc., member NYSE, FINRA, and SIPC is a sub-distributor of the HSBC Funds. Affiliates of HSBC Global Asset Management (USA) Inc. receive fees for providing various services to the funds. Investors should consider the investment objectives, risks, charges, and expenses of the investment company carefully before investing. The prospectus contains this and other important information about the investment company. For clients of HSBC Securities (USA) Inc., please call for more information. For other investors and prospective investors, please call the Funds directly at or visit our website at https://investorfunds.us.hsbc.com. Investors should read the prospectus carefully before investing or sending money. Investment products are offered by HSBC Securities (USA) Inc. (HSI), member NYSE/FINRA/SIPC. HSI is an affiliate of HSBC Bank USA, N.A. Investment products: Are not a deposit or other obligation of the bank or any of its affiliates; Not FDIC insured or insured by any federal government agency of the United States; Not guaranteed by the bank or any of its affiliates; and are subject to investment risk, including possible loss of principal invested. Index definitions An index measures the market prices of a specific group of securities in a particular market or market sector. You cannot invest directly in an index. Unlike a mutual fund, an index does not have an investment adviser and does not pay any commissions or expenses. If an index had expenses, the performance would be lower. MSCI ACWI (All Country World Index) Index is a market capitalization weighted index designed to provide a broad measure of equity-market performance throughout the world. S&P 500 Index is a widely regarded index used as a gauge of the U.S. equities market. It includes 500 leading companies in leading industries of the U.S. economy. Morgan Stanley Capital International Europe Australasia and Far East Index ( MSCI EAFE ) is a free float-adjusted market capitalization index that is designed to measure the equity market performance of developed markets, excluding the US & Canada. The MSCI EAFE Index consists of the following 21 developed market country indices: Australia, Austria, Belgium, Denmark, Finland, France, Germany, Hong Kong, Ireland, Israel, Italy, Japan, the Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, and the United Kingdom. Barclays U.S. Aggregate Bond Index is a broad-based benchmark that measures the investment-grade, U.S. dollar-denominated, fixed-rate taxable bond market, including Treasuries, government-related and corporate securities. MBS (agency fixed-rate and hybrid ARM passthroughs), ABS, and CMBS. BofA Merrill Lynch U.S. High Yield Master II Index is a broad-based index that measures the performance of the broad high-yield market. The Citigroup U.S. Domestic 3-Month T-Bill is an index that is comprised of equal dollar amounts of 3-month treasury bills purchased at the beginning of each of three consecutive months. As each bill matures, all proceeds are rolled over and reinvested in a new 3-month treasury bill. The income used to calculate the monthly return is derived from subtracting the original amount invested from the maturity value. The yield curve average is the basis for calculating the return on the Index. The Index is rebalanced monthly by market capitalization. 11

13 Contact details Please speak to your HSBC Relationship Manager for further details or visit https://investorfunds.us.hsbc.com. For client direct inquiries or for fund information, please contact: HSBC Funds Customer Service: or HSBC World Selection Funds P.O. Box Columbus, OH https://investorfunds.us.hsbc.com US persons (both entities and individuals) are subject to US taxation on their worldwide income and may be subject to tax and other filing obligations with respect to their US and non-us accounts. The Foreign Account Tax Compliance Act (FATCA) is a US law designed to prevent the use of non-us accounts or non-us entities to avoid US taxation of income and assets. To meet this objective, FATCA imposes on US and non-us entities certain documentation, due diligence, withholding and reporting requirements with respect to accounts and certain payments. Investors should consult their independent tax advisors about investment tax implications. Copyright HSBC Global Asset Management (USA) Inc. All rights reserved. FS-WSMTH /16 CA#

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