HSOAX Performance — HSBC Radiant U.S. Smaller Companies Fund, A Shares
Data updated: 2025-03-21
HSOAX returned +19.33% over one year to Jan 2025. Annualised returns are +6.73% over 3 years and +10.77% over 5 years. The fund trailed its US Growth category average: $100 invested three years ago grew to $122, against $134 for the category, and to $119 over one year, against $128. Volatility over the past three years was 21.87% a year. In the 12 months to Jan 2025 the fund lost a net $634K, and assets reached $8.83M.
HSOAX Growth of $100
What $100 invested in HSBC Radiant U.S. Smaller Companies Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Growth category average over the same months.
| Period | HSOAX | Category average |
|---|---|---|
| 1 year (Feb 2024 – Jan 2025) | $119 | $128 |
| 3 years (Feb 2022 – Jan 2025) | $122 | $134 |
| 5 years (Feb 2020 – Jan 2025) | $167 | $176 |
| Since data start (Aug 2019 – Jan 2025) | $183 | $188 |
HSOAX Trailing Returns
Total returns to Jan 2025, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +19.33% |
| 3 years (annualised) | +6.73% |
| 5 years (annualised) | +10.77% |
HSOAX Annual Returns
Calendar-year total returns of HSBC Radiant U.S. Smaller Companies Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2025 (Jan–Jan) | +5.46% |
| 2024 | +12.38% |
| 2023 | +24.13% |
| 2022 | −26.14% |
| 2021 | +15.70% |
| 2020 | +32.92% |
| 2019 (Aug–Dec) | +9.60% |
HSOAX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | +5.5% | — | — | — | — | — | — | — | — | — | — | — |
| 2024 | −0.7% | +5.0% | +3.0% | −7.0% | +5.5% | −1.2% | +6.2% | +0.8% | +1.1% | −2.0% | +9.6% | −7.2% |
| 2023 | +8.6% | +1.0% | −1.0% | −1.9% | −0.1% | +10.9% | +3.4% | −2.9% | −4.9% | −7.4% | +8.8% | +9.4% |
| 2022 | −10.6% | −1.5% | +0.5% | −10.6% | −2.1% | −10.9% | +12.5% | −3.6% | −7.9% | +9.1% | +5.0% | −6.3% |
| 2021 | −1.4% | +5.1% | +0.1% | +5.6% | −2.1% | +2.4% | +1.3% | +2.5% | −1.6% | +4.5% | −5.0% | +3.8% |
| 2020 | +0.2% | −7.3% | −20.2% | +17.8% | +12.6% | +1.6% | +5.3% | +4.0% | −0.2% | +0.2% | +12.4% | +8.2% |
| 2019 | — | — | — | — | — | — | — | −3.1% | −0.9% | +2.2% | +9.2% | +2.2% |
HSOAX Risk
Risk measures from monthly returns over Feb 2022 – Jan 2025.
- 3-year volatility (annualised): 21.87%
- 3-year Sharpe ratio: 0.10 (vs 4.5% risk-free rate)
- Best month: +12.54% (Jul 2022)
- Worst month: −10.90% (Jun 2022)
HSOAX Fund Flows
Monthly money in and out of HSBC Radiant U.S. Smaller Companies Fund, from SEC Form N-PORT.
- 12-month net flow: −$634K
- 12-month gross sales (incl. reinvestments): $160K
- Sales ÷ redemptions: 0.20×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jan 2025 | $18K | $50K | −$32K |
| Dec 2024 | $3K | $75K | −$72K |
| Nov 2024 | $946 | $10K | −$9K |
| Oct 2024 | $6K | $31K | −$25K |
| Sep 2024 | $9K | $42K | −$32K |
| Aug 2024 | $19K | $55K | −$36K |
| Jul 2024 | $55K | $69K | −$14K |
| Jun 2024 | $27K | $42K | −$15K |
| May 2024 | $5K | $104K | −$99K |
| Apr 2024 | $10K | $37K | −$27K |
| Mar 2024 | $5K | $212K | −$207K |
| Feb 2024 | $2K | $68K | −$66K |
HSOAX Assets Under Management
Net assets of HSBC Radiant U.S. Smaller Companies Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2025-01-31 | $8.83M |
| 2024-10-31 | $8.35M |
| 2024-07-31 | $8.45M |
| 2024-04-30 | $7.76M |
| 2024-01-31 | $7.98M |
| 2023-10-31 | $6.84M |
| 2023-07-31 | $8.22M |
| 2023-04-30 | $7.73M |
| 2023-01-31 | $7.99M |
| 2022-10-31 | $8.19M |
| 2022-07-31 | $9.49M |
| 2022-04-30 | $9.54M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.