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 discloses an annual fund charge of 0.32%, while the Hunter Global Fixed Interest Fund charges 0.53% — a gap of 21 basis points that compounds meaningfully over time on a fixed income portfolio where absolute returns are typically modest.
Both funds sit in the International Fixed Interest category, carry a risk indicator of 4 out of 7, and hold an identical 13% in growth assets, placing them at the same point on the defensive-to-growth spectrum. Fund size differs substantially: Hunter's fund holds approximately NZD 2.95 billion in assets under management, compared with roughly NZD 600 million for Evidential — a scale difference that may affect liquidity and operational efficiency, though neither factor is determinative on its own.
On returns, Hunter discloses a five-year annualised return of 0.05%, a figure reflecting the challenging global bond environment of recent years. Evidential's five-year return is not available in this snapshot, likely because the fund lacks sufficient operating history to report that metric; investors should seek the most recent Quarterly Fund Update directly for context.
Portfolio construction reflects different philosophies: Hunter's disclosed holdings include sovereign debt from China, France, and the UK alongside US dollar exposure and a US mortgage-backed security. Evidential's top holdings skew toward Canadian provincial issuers and European sovereigns, and the fund's "Sustainable" label signals an ESG mandate not present in Hunter's disclosed strategy.
Always verify all figures against the current Product Disclosure Statement and latest Quarterly Fund Update on FMA Disclose before relying on any of this information.
Cached comparison generated 2026-05-21 from each fund's latest FMA Disclose QFU. Regenerated when the underlying facts change.
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?
