Evidential Sustainable Global Bond Fund vs Milford Global Corporate Bond Fund

The most material structural difference between these two funds is their fee level. The Evidential Sustainable Global Bond Fund charges 0.32% per annum, while the Milford Global Corporate Bond Fund charges 0.85% — a gap of 53 basis points that compounds meaningfully over time in a low-yield asset class. Despite identical growth asset allocations (0.13% each) and the same International Fixed Income category, the funds also carry different risk indicators: Evidential sits at 4 and Milford at 3 on the standard 1–7 scale, suggesting Milford's portfolio is assessed as carrying somewhat lower volatility risk under the prescribed methodology.

Portfolio construction differs significantly. Evidential's top holdings are concentrated in sovereign and quasi-sovereign issuers — Canadian provincial governments, UK gilts, Belgian government bonds, and French public-sector entities — consistent with its sustainable mandate. Milford's top holdings lean toward corporate credit: Bank of America, T-Mobile, Barclays, and property finance issuers, with single-position weights up to 4.38% compared with Evidential's tightest position at 1.22%, indicating a more concentrated book. Milford discloses a five-year return of 1.26% per annum; Evidential's five-year return figure is not available in the current snapshot. Evidential is the larger fund at approximately NZD 600 million versus Milford's NZD 407 million.

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 figures here.