Evidential Sustainable Targeted Factor Fund
Managed by Evidential Evidential Sustainable Targeted Factor Fund is a international equities managed fund operated by Evidential; PIE-structured; FMA risk indicator 5/7. Headline terms: annual fund charge 0.62% · minimum investment NZ$25,000 · distributions no distributions (accumulating). Compared with 80 other same-category funds on this site, the 0.62% annual fund charge sits in line with the same-category median of 0.60%.
PIE tax treatment — capped at your PIR (max 28%)
This fund is a Portfolio Investment Entity (PIE) under Subpart HM of the Income Tax Act 2007. Income is taxed at your Prescribed Investor Rate (10.5% / 17.5% / 28%), not your marginal income-tax rate. The fund manager calculates and pays the tax on your behalf — when your PIR is correct, you usually don't need to declare PIE income in your annual tax return. See our PIR guide and PIE tax basics for the full picture, or use the PIR calculator to confirm your rate.
Annual fund charge
0.62%
vs peer avg 0.91%
Risk indicator
5/7
1 = lower risk · 7 = higher risk
5-year return p.a.
Less than 5 years of data
peer avg 4.91%
Fund size
NZ$773.0m
98% growth · 2% income
The objective of the fund is to provide capital growth over the minimum recommended investment timeframe. The objective is managed within portfolio constraints, including geographic exposure, market capitalisation, diversification, and environmental and social considerations.
How Evidential Sustainable Targeted Factor Fund differs
Factual contrasts drawn from the PDS, SIPO and latest portfolio holdings — no opinion.
- Benchmark
- MSCI World SMID Index (NZD, net return)
- Responsible-investment screen
- Excludes Coal (ownership of thermal or metallurgical coal reserves or revenue from mining of thermal coal); Factory farming (commercial farming for food production, excluding organic, free range, fish or aquaculture); Palm oil (greater than 10% of revenue from production or distribution), plus 9 additional categories (full list in the SIPO).
- Top 3 holdings
- PayPal Holdings Inc (0.7%) · Kenvue Inc (0.5%) · TechnipFMC PLC (0.5%)
Key facts
Fund start date
4 April 2024
Min. investment
NZ$25,000
Subsequent: NZ$5,000
Distributions
No distributions (accumulating)
Buy / sell spread
13 bps (0.13%) / 13 bps (0.13%)
Transaction cost on subscription / redemption
Tax structure
PIE
Capped at your PIR (max 28%)
Investment policy
From the Statement of Investment Policy and Objectives (SIPO).
Strategic asset allocation ranges
| Asset class | Target | Min | Max |
|---|---|---|---|
| Cash and cash equivalents | 0% | 0% | 10% |
| International equities | 100% | 90% | 100% |
Responsible-investment approach
The Funds consider non-financial factors to target sustainability goals, including a portfolio carbon footprint reduction goal (at least 50% reduction in weighted average carbon intensity and at least 75% reduction in weighted average potential emissions from reserves relative to benchmark indices), and exclude companies involved in specified business practices such as coal, tobacco, controversial weapons, nuclear weapons, factory farming, palm oil, alcohol, gambling, adult entertainment, personal firearms, private prisons, and child labour, subject to defined revenue thresholds.
Exclusions
- Coal (ownership of thermal or metallurgical coal reserves or revenue from mining of thermal coal)
- Factory farming (commercial farming for food production, excluding organic, free range, fish or aquaculture)
- Palm oil (greater than 10% of revenue from production or distribution)
- Controversial weapons (cluster munitions, landmines, biological, chemical or depleted uranium weapons)
- Nuclear weapons components, systems and support services
- Tobacco (production of tobacco/nicotine products or greater than 10% revenue from distribution/retail)
- Child labour (involvement in severe child labour controversies)
- Alcohol (greater than 10% of revenue from production, distribution or retail)
- Gambling (greater than 10% of revenue from ownership or operation of gambling facilities)
- Adult entertainment (greater than 10% of revenue from production, distribution or retail of pornographic products)
- Personal firearms (production of civilian firearms/ammunition or greater than 20% revenue from retail)
- Private prisons (operation or management of for-profit correctional/detention facilities)
Derivatives policy
The Funds are permitted to invest in derivative instruments which may include futures, generally only used on a temporary basis for managing large cashflows. The Evidential Sustainable Global Bond Fund is limited to forward foreign exchange transactions and currency hedging instruments; the Evidential Sustainable Targeted Factor Fund may use financial derivative instruments including currency hedging instruments.
Reading between the lines
Plain-English summary of the scheme's disclosed conflicts and performance-fee mechanics, drawn from the OMI and PDS. Factual restatement — no opinion.
- Consilium acknowledges it may take equity stakes in adviser businesses that recommend the Scheme, creating a conflict of interest those advisers are separately required by regulation to disclose to their clients.
- Dimensional, as investment manager, may execute crossing transactions between funds it manages, which could benefit investors in one fund at the expense of investors in another fund.
- For the Evidential Sustainable Targeted Factor Fund, Dimensional may conduct securities lending with counterparties it has existing relationships with, and if those transactions are not on arm's-length terms, fund investors could be adversely affected.
- Consilium retains the benefit of the negotiated management fee on the Underlying Fund (Dimensional Global Bond Sustainability Trust), meaning this fee saving does not flow through to investors in the Evidential Sustainable Global Bond Fund.
Generated 2026-05-28 from Evidential Investment Funds OMI (dated 2025-11-18). The verbatim disclosures appear in full below — this summary is a navigation aid, not a substitute.
Scheme disclosures
From the Other Material Information (OMI) document. Scheme-level — applies to every fund in this scheme.
Trustee / Supervisor
Trustees Executors Limited
Custodian
Adminis NZ Limited (custodian for the Evidential Sustainable Global Bond Fund); Apex Investment Administration (NZ) Limited (custodian for the Evidential Sustainable Targeted Factor Fund)
Conflicts disclosed
3
In OMI
Conflicts of interest disclosed in OMI
- Consilium may acquire shareholder or other financial interests in adviser businesses that may access the Scheme, creating a conflict of interest that the adviser business is under a regulatory obligation to notify its clients of.
- Dimensional, as investment manager, may have the Funds buy or sell assets from Other Dimensional Funds (Crossing Transactions) to reduce transaction costs, and its relationship with those funds could influence it to undertake such transactions when one or other fund would not have otherwise transacted, potentially benefiting investors in one fund at the expense of investors in another.
- For the Evidential Sustainable Targeted Factor Fund, Dimensional could have a relationship with the counterparty borrower in a securities lending transaction (e.g. a broker the Dimensional Group engages), meaning that if terms and fees are not on arms' length terms, investors in the fund could be adversely affected.
How this fund compares to peers
Mechanical comparison vs the 81 other international equities funds in our cohort. Source: FMA Disclose register via Sorted Smart Investor. Past performance is not a reliable indicator of future returns.
Annual fund charge
0.62%
Category median: 0.61%
Mid-pack — cheaper than 48% of peers
Fund size
NZ$773.0m
Category median: NZ$95.7m
Top 9% by AUM
Illustrative 5y fee impact on a sample balance of $10,000
$306
Compounded charge over 5 years (excl. returns)
$5 more than peer median
Read the full fee-vs-peers breakdown →
Mechanical scores only — no opinion or recommendation. Different funds suit different investor goals. ManagedFundsNZ is not a Financial Advice Provider. Read the current PDS and consider speaking to a licensed financial adviser.
Top 10 holdings
As at the latest published quarterly fund update (via Sorted Smart Investor).
| Holding | % of fund |
|---|---|
| PA PayPal Holdings Inc | 0.68% |
| KE Kenvue Inc | 0.49% |
| TE TechnipFMC PLC | 0.47% |
| AC Arch Capital Group Ltd | 0.46% |
| HI Hartford Insurance Group Inc | 0.46% |
| PF Prudential Financial Inc | 0.44% |
| HC Halliburton Co | 0.42% |
| EA Electronic Arts Inc | 0.42% |
| KC Kroger Co/The | 0.41% |
| HP Hewlett Packard Enterprise Co | 0.40% |
Documents
Every dated PDS, quarterly fund update and full-portfolio holdings file. Linked from the FMA Disclose register via Sorted Smart Investor.
- Evidential Sustainable Targeted Factor Fund (FND44202) Full portfolio holdings 31 March 2026.xlsx Download the full portfolio holdings. XLSX, 83.74 KB
- Evidential Investment Funds PDS November 2025.pdf How this investment works, including about the provider, risks, costs and potential returns PDF, 397.32 KB
- ESTFF Quarterly Fund Update 2026.03.31 Final.pdf The quarterly update published by the provider PDF, 183.13 KB
- Evidential Investment Funds OMI November 2025.pdf Other Material Information document contains further details that may be of interest to investors PDF, 285.11 KB
- Evidential Investment Funds SIPO November 2025.pdf Statement of investment policy and objectives PDF, 300.54 KB
About this category
Funds investing in shares listed outside Australasia. Includes broad global trackers, regional funds, ESG-focused strategies, and theme funds covering automation, healthcare, water and other sectors.
About Evidential
Christchurch-based Consilium product brand offering sustainability-screened, factor-tilted index funds.
Parent: Consilium
See all funds from Evidential →Common questions
Questions people ask about Evidential Sustainable Targeted Factor Fund
Drawn from Google's "People also ask" panel and answered with reference to the fund's filed PDS, Fund Update and FMA Disclose data. Not personal financial advice — for guidance specific to your situation, consult an authorised financial adviser.
Are sustainable funds a good investment?
Sustainable funds apply environmental, social and governance (ESG) screens to reduce exposure to certain sectors or practices, which may align investments with specific values; however, sustainability criteria do not eliminate investment risk or guarantee returns. The Evidential Sustainable Targeted Factor Fund applies responsible-investment screens as detailed in its Statement of Investment Policy and Objectives (SIPO), and carries a risk indicator of 5/7 on the FMA standardised scale. Investors should review the fund's PDS and FMA Disclose register entry to understand how ESG integration affects portfolio composition and risk.
What fund should my KiwiSaver be in?
Fund choice depends on your personal circumstances, investment horizon, and risk tolerance, which are outside the scope of this comparison tool. If you hold a KiwiSaver scheme account, your fund provider's literature and FMA Disclose register should outline the risk, fees, and investment approach of each option available to you. The Evidential Sustainable Targeted Factor Fund is not a KiwiSaver product and is available through Evidential directly.
Head-to-head
Compare Evidential Sustainable Targeted Factor Fund with…
Side-by-side numbers — fees, returns, risk, fund size, asset mix.
Peer funds
Other International Equities funds
FMA risk band
Same risk band (5/7)
See every NZ retail managed fund with the same standardised FMA risk indicator. Useful for peer-checking volatility-comparable funds outside this category.
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Frequently asked questions
Mechanical Q&A grounded in the fund's PDS, SIPO, and latest QFU on the FMA Disclose register. Verify against the source before relying on any of this.
Who manages the Evidential Sustainable Targeted Factor Fund?
Evidential Sustainable Targeted Factor Fund is managed by Evidential (parent: Consilium). Christchurch-based Consilium product brand offering sustainability-screened, factor-tilted index funds.
What asset class is the Evidential Sustainable Targeted Factor Fund?
It is a international equities managed fund. Funds investing in shares listed outside Australasia. Includes broad global trackers, regional funds, ESG-focused strategies, and theme funds covering automation, healthcare, water and other sectors.
What are the fees for the Evidential Sustainable Targeted Factor Fund?
The annual fund charge for the Evidential Sustainable Targeted Factor Fund is 0.62% p.a., as reported in the latest Quarterly Fund Update sourced from the FMA Disclose register. Always check the current PDS for any additional fees.
What is the risk indicator for the Evidential Sustainable Targeted Factor Fund?
The risk indicator is 5/7 on the standardised FMA-mandated scale, where 1 is lower risk and 7 is higher risk. The risk indicator is calculated from the fund's price volatility over the past five years and is published in every Quarterly Fund Update.
Is the Evidential Sustainable Targeted Factor Fund a PIE fund?
Yes. The Evidential Sustainable Targeted Factor Fund is structured as a New Zealand Portfolio Investment Entity (PIE). Investor tax on the fund's income is capped at the investor's Prescribed Investor Rate (PIR), which has a maximum of 28%. Most NZ-resident retail investors with a taxable income at or below NZ$48,000 qualify for a lower PIR.
How big is the Evidential Sustainable Targeted Factor Fund?
Fund size (assets under management) is NZ$773 million as at the latest Quarterly Fund Update. Asset mix is approximately 98% growth assets and 2% income assets.
What does the Evidential Sustainable Targeted Factor Fund invest in?
The latest published top holdings are: PayPal Holdings Inc (0.68%), Kenvue Inc (0.49%), TechnipFMC PLC (0.47%). Holdings are disclosed in each Quarterly Fund Update; the full portfolio holdings file is also available via the FMA Disclose register.
Does the Evidential Sustainable Targeted Factor Fund apply responsible-investment screens?
Yes. The Evidential Sustainable Targeted Factor Fund applies responsible-investment or ESG screening criteria — exclusions and engagement policies are documented in the fund's Statement of Investment Policy and Objectives (SIPO). Check the SIPO for the specific screening framework used.
How can I invest in the Evidential Sustainable Targeted Factor Fund?
The Evidential Sustainable Targeted Factor Fund is available via Evidential directly. Always read the current Product Disclosure Statement before investing.
Are sustainable funds a good investment?
Sustainable funds apply environmental, social and governance (ESG) screens to reduce exposure to certain sectors or practices, which may align investments with specific values; however, sustainability criteria do not eliminate investment risk or guarantee returns. The Evidential Sustainable Targeted Factor Fund applies responsible-investment screens as detailed in its Statement of Investment Policy and Objectives (SIPO), and carries a risk indicator of 5/7 on the FMA standardised scale. Investors should review the fund's PDS and FMA Disclose register entry to understand how ESG integration affects portfolio composition and risk.
What fund should my KiwiSaver be in?
Fund choice depends on your personal circumstances, investment horizon, and risk tolerance, which are outside the scope of this comparison tool. If you hold a KiwiSaver scheme account, your fund provider's literature and FMA Disclose register should outline the risk, fees, and investment approach of each option available to you. The Evidential Sustainable Targeted Factor Fund is not a KiwiSaver product and is available through Evidential directly.