SUPPORT SERVICES AGREEMENT HSBC Funds 4249 Easton Way, Suite 400 Columbus, Ohio 43219

SUPPORT SERVICES AGREEMENT

HSBC Funds
0000 Xxxxxx Xxx, Xxxxx 000
Xxxxxxxx, Xxxx 00000

Dated as of June 24, 2016

THIS SUPPORT SERVICES AGREEMENT (“Agreement”) is made between HSBC Global Asset Management (USA), Inc. (“Adviser”) and HSBC Funds (“Trust”) on behalf of its series listed in Schedule A (each, a “Fund”).

WHEREAS, the Trust is a registered open-end investment company organized as a Delaware statutory trust and currently consists of multiple separate series;

WHEREAS, the Adviser has entered into a master investment advisory contract and investment advisory contract supplements with the Trust to provide advisory services to each Fund (the “Advisory Agreements”);

WHEREAS, the Adviser has agreed to provide in addition to the purely investment advisory services provided pursuant to the Advisory Agreements, certain additional support services in connection with the operation of the Fund;

NOW, THEREFORE, in consideration of the mutual promises herein made, the parties hereby agree as follows:

1.	The Adviser agrees to provide the following support services to each the Funds:
	(i)	manage and coordinate the Fund’s operations, including the development of new product features and benefits for the Classes of shares;
	(ii)	compile statistical and research data required for the preparation of reports and statements which are periodically distributed to the Fund’s officers and Trustees or to intermediaries and other service providers making the Fund’s shares available to their customers;
	(iii)	handle inquiries from account representatives, shareholders, and intermediaries and other providers, such as advising as to the status of shareholder accounts and the current yield and dividends declared, and providing explanations of matters set forth in fund documents;
	(iv)	provide support to account representatives and intermediaries and other providers regarding the Fund’s benefits and features;
	(v)	provide operational assistance to account representatives, shareholders, and intermediaries and other providers regarding opening new accounts, closing accounts and making changes to the set-up of existing accounts, including through asset allocation products, programs, services and accounts;
	(vi)	assist in the preparation of shareholder communications; and
	(vii)	provide such other services as agreed upon by both parties.

2.	For its services, the Adviser shall be entitled to a fee with respect to each Fund’s Class A and Class I shares, as applicable, computed daily and paid monthly, equal on an annual basis to the percentage of the Fund’s average daily net assets as set forth on Schedule A, and as in effect from time to time. The Adviser, in its sole discretion, may waive all or any part the fee for any class of shares of a Fund.
3.	This Agreement shall remain in full force and effect through December 31, 2016, and thereafter from year to year to the extent continuance is approved annually by the Board of Trustees of the Trust.
4.	This Agreement may be amended or modified from time to time in a writing signed by both parties.
5.	This Agreement may be terminated by the Trust with respect to a Fund or in its entirety at any time on sixty (60) days’ written notice without payment of penalty, provided that such termination by the Trust shall be directed or approved by the vote of a majority of the Trustees of the Trust in office at the time or by the vote of a majority of the outstanding voting securities of the Trust as defined by the Investment Company Act of 1940 Act (“1940 Act”); and shall automatically and immediately terminate in the event of its assignment as defined by the 1940 Act.
6.	In the absence of willful misfeasance, bad faith or gross negligence on the part of the Adviser, or of reckless disregard of its duties and obligations hereunder, the Adviser shall not be subject to liability for any act or omission in the course of, or connected with, rendering services hereunder.

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IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed by their duly authorized officers, and their respective corporate seals to be hereunto duly affixed and attested.

HSBC FUNDS

By: /s/ Xxxxxxx X. Xxxxxxxx

Name:   Xxxxxxx X. Xxxxxxxx

Title:     President

HSBC GLOBAL ASSET MANAGEMENT (USA) INC.

By: /s/ Stefano Michelagnoli
Name: Stefano Michelagnoli
Title: Regional Head of Product Management (North America)

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SCHEDULE A
to SUPPORT SERVICES AGREEMENT
dated as of June 24, 2016

Fund	Support Fee
HSBC Emerging Markets Debt Fund	Class A Shares: 0.20%
	Class I Shares: 0.10%
HSBC Emerging Markets Local Debt Fund	Class A Shares: 0.20%
	Class I Shares:0.10%
HSBC Economic Scale Index Emerging	Class A Shares: 0.10%
Markets Equity Fund
HSBC Frontier Markets Fund	Class A Shares: 0.20%
	Class I Shares: 0.10%
HSBC Total Return Fund	Class A Shares: 0.20%
	Class I Shares: 0.10%
HSBC Asia ex-Japan Smaller Companies	Class A Shares: 0.20%
Equity Fund	Class I Shares: 0.10%
HSBC Global High Yield Bond Fund	Class A Shares: 0.10%
HSBC Global High Income Fund	Class A Shares: 0.10%
HSBC Global Equity Volatility Focused Fund	Class A Shares: 0.10%
HSBC Euro High Yield Bond Fund (USD	Class A Shares: 0.10%
Hedged)

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