Evidential Sustainable Global Bond Fund vs Russell Investments Global Fixed Interest Fund

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%, while the Russell Investments Global Fixed Interest Fund charges 0.58% — a gap of 26 basis points on funds of broadly comparable size (Evidential at approximately NZD 600 million, Russell at approximately NZD 581 million). Over time, that fee difference compounds meaningfully on any given investment amount.

Both funds sit in the International Fixed Interest category, share an identical risk indicator of 4 on the standard 1–7 scale, and hold the same proportion of growth assets at 0.13%. On returns, the data is asymmetric: the Russell fund reports a five-year annualised return of 0.56%, while Evidential's five-year return figure is not available in the current snapshot — likely reflecting the fund's shorter operating history rather than non-disclosure. Investors relying on track record for comparison should note this gap.

Portfolio construction also differs in character. Russell's disclosed top holdings are dominated by cash and cash-equivalent positions — settled cash, broker cash, and TBA cash reductions account for the largest line items — whereas Evidential's top holdings are named sovereign and quasi-sovereign bonds from issuers including the UK, Belgium, and Canadian provincial governments, suggesting a more fully deployed fixed income portfolio at the holdings snapshot date. Both funds incorporate sustainability criteria, as indicated in their respective fund names and PDS documents.

Always verify fees, holdings, and return figures against each fund's current Product Disclosure Statement and latest Quarterly Fund Update on FMA Disclose before making any investment decision.