Fund-vs-fund · International FI
Evidential Sustainable Global Bond Fund vs Hunter Global Fixed Interest Fund
Both are International FI funds available to NZ retail investors. Numbers below are sourced from the FMA Disclose register via Sorted Smart Investor and reflect the latest published quarterly fund updates.
Why these two differ
The most material structural difference between these two funds is fee level. The Evidential Sustainable Global Bond Fund charges an annual fund charge of 0.32%, compared with 0.53% for the Hunter Global Fixed Interest Fund — a gap of 21 basis points that compounds meaningfully over time on a fixed income allocation.
Both funds sit in the International Fixed Interest category, share an identical risk indicator of 4 out of 7, and carry the same growth-to-income asset split (7% growth, 93% income), making the fee difference the clearest point of contrast on comparable metrics. Fund size differs substantially: Hunter's fund holds approximately NZD 2.95 billion in assets versus Evidential's roughly NZD 600 million, which may have implications for liquidity and operational scale, though neither outcome follows automatically from size alone.
On five-year returns, Hunter reports 0.05% per annum; Evidential's five-year return figure is not available in this snapshot, likely reflecting the fund's shorter operating history. Readers should not treat this absence as a negative signal — the data is simply silent.
The portfolios reflect different construction philosophies. Hunter's top holdings include sovereign debt from France and the UK, US agency mortgage-backed securities, and a meaningful 4.94% allocation to US dollar cash. Evidential's disclosed holdings concentrate on sub-sovereign and supranational issuers — Canadian provincial bonds, a UK gilt, and European agency paper — consistent with its sustainable mandate, though the specific ESG screens applied are not detailed in the QFU data available here.
Always verify current fees, returns, and portfolio composition against each fund's Product Disclosure Statement and latest Quarterly Fund Update on FMA Disclose before relying on any of this information.
Comparison generated 2026-07-05 from each fund's FMA Disclose QFU facts as at that date. If the underlying facts change, this narrative is withheld until it is regenerated — the tables on this page always reflect the current data.
What's different at a glance
- Evidential Sustainable Global Bond Fund charges 0.21% lower in annual fund charges (0.32% vs 0.53%).
- Both are New Zealand PIE funds — investor tax is capped at the Prescribed Investor Rate (PIR), maximum 28%.
- Evidential Sustainable Global Bond Fund applies responsible-investment / ESG screening. The other fund does not.
- Hunter Global Fixed Interest Fund is roughly 4.9× the size of the other fund.
Where each fund sits in its cohort
Percentile rank vs all 31 international fi funds we've matched on Sorted Smart Investor. Mechanical only — no opinion, no forward-looking view.
Annual fund charge
Lower is better
Evidential
0.32%
Lowest 19% of cohort
Hunter
0.53%
Lower half of cohort
5-year return p.a.
Past performance — not a predictor
Evidential
—
—
Hunter
0.05%
Bottom 3% over 5 years
Fund size
Larger = more stable, lower close-risk
Evidential
NZ$600m
Largest 8% in cohort
Hunter
NZ$2.95b
Largest 2% in cohort
| Metric | Evidential | Hunter | Lower / higher is |
|---|---|---|---|
| Annual fund charge | 0.32% | 0.53% | Lower is better |
| Risk indicator (1–7) | 4 | 4 | Higher = more volatility |
| 5-year return p.a. | — | 0.05% | Higher is better (past not future) |
| Fund size | NZ$600m | NZ$2.95b | Larger = more stable, lower close-risk |
| Growth / income split | 0% / 100% | 0% / 100% | More growth = higher long-run return + volatility |
| NZ tax structure | PIE (PIR-capped) | PIE (PIR-capped) | PIE = simpler. FIF = annual return. |
| Currency hedging | — | — | Hedged smooths NZD/foreign FX moves at a small cost. |
| Responsible investment screening | Yes | No | Specific exclusions live in each fund's SIPO. |
| Available via | Direct | Direct | Platforms accepting retail subscriptions. |
Portfolio overlap
How many top-10 positions both funds hold, and at what weight. Computed from each fund's most recently disclosed top-10 holdings — exact-name matched (Microsoft Corp. = Microsoft Corporation), with a Cash / Cash & Equivalents collapse rule.
What each fund says it does
Evidential
Evidential Sustainable Global Bond Fund
The Fund provides investors with exposure to a diversified portfolio of intermediate term global fixed interest and money market securities whilst taking into account certain environmental and social considerations. The Fund aims to hedge all foreign currency exposure to the New Zealand dollar.Full Evidential Evidential Sustainable Global Bond Fund profile →
Hunter
Hunter Global Fixed Interest Fund
The Fund invests in a diversified portfolio of actively managed fixed interest securities, cash and derivatives. The predominant investment is in securities issued by governments, supranationals, local authorities, and corporates. The fund may also invest in emerging market debt, asset backed securities, mortgage backed securities, structured notes, bank loans, high yield securities, mortgage derivatives, preferred securities, unrated securities, cash and cash equivalents, and derivative instruments, including currency hedging instruments. The fund targets being fFull Hunter Hunter Global Fixed Interest Fund profile →
Common questions
What's the difference between the Evidential Sustainable Global Bond Fund and the Hunter Global Fixed Interest Fund?
Which fund has lower fees, Evidential Sustainable Global Bond Fund or Hunter Global Fixed Interest Fund?
Are both funds PIE-taxed in NZ?
Does either fund apply responsible-investment screening?
Where can I read the official documents for these funds?
