Fund-vs-fund · International FI
Hunter Global Fixed Interest Fund vs Simplicity Hedged Global Bond 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 cost. Hunter Global Fixed Interest Fund discloses an annual fund charge of 0.53%, while Simplicity Hedged Global Bond Fund charges 0.15% — a gap of 0.38 percentage points that compounds meaningfully over time in a category where fixed income returns are typically modest.
Both funds carry a risk indicator of 4 on the standard 1–7 scale, placing them in the same risk band despite some portfolio differences. Hunter holds 13% in growth assets versus Simplicity's 7%, suggesting Hunter carries a marginally higher allocation to return-seeking exposures within what is broadly an income-oriented mandate. Hunter's fund is substantially larger at approximately NZD 2.95 billion compared with Simplicity's NZD 964 million.
On performance, Hunter reports a five-year annualised return of 0.05%; Simplicity's five-year return is not available in this snapshot, likely reflecting the fund's shorter track record. Investors requiring a verified long-run return history will find only Hunter has disclosed one here.
The holdings profiles diverge noticeably. Hunter's top positions include sovereign and agency debt across multiple countries — China Development Bank, UK Gilts, French government bonds, and US agency mortgage-backed securities — alongside a 4.94% US dollar cash position. Simplicity's disclosed top holdings are concentrated in US Treasury bonds with similar maturities clustered around 2034–2035, suggesting a more index-aligned, government-sovereign approach.
Neither fund is a KiwiSaver scheme account option based on the data provided. Verify all figures against each fund's current PDS 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
- Simplicity Hedged Global Bond Fund charges 0.38% lower in annual fund charges (0.15% vs 0.53%).
- Both are New Zealand PIE funds — investor tax is capped at the Prescribed Investor Rate (PIR), maximum 28%.
- Hunter Global Fixed Interest Fund is roughly 3.1× 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
Hunter
0.53%
Lower half of cohort
Simplicity
0.15%
Lowest 2% of cohort
5-year return p.a.
Past performance — not a predictor
Hunter
0.05%
Bottom 3% over 5 years
Simplicity
—
—
Fund size
Larger = more stable, lower close-risk
Hunter
NZ$2.95b
Largest 2% in cohort
Simplicity
NZ$964m
Largest 5% in cohort
| Metric | Hunter | Simplicity | Lower / higher is |
|---|---|---|---|
| Annual fund charge | 0.53% | 0.15% | 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$2.95b | NZ$964m | 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 to NZD | Hedged smooths NZD/foreign FX moves at a small cost. |
| Responsible investment screening | No | 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
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 →
Simplicity
Simplicity Hedged Global Bond Fund
The Hedged Global Bond Fund invests in government bonds and other highly rated liquid bonds., designed to generate a return similar to the performance of the Bloomberg MSCI Global Aggregate Sustainability Select SRI Float Adjusted Index (hedged into New Zealand dollars) and to be the hedged global bond component of a diversified investment portfolio.Full Simplicity Simplicity Hedged Global Bond Fund profile →
Common questions
What's the difference between the Hunter Global Fixed Interest Fund and the Simplicity Hedged Global Bond Fund?
Which fund has lower fees, Hunter Global Fixed Interest Fund or Simplicity Hedged Global Bond Fund?
Are both funds PIE-taxed in NZ?
Where can I read the official documents for these funds?
