Evidential Balanced Fund

At $3 million in assets, this is one of the smallest balanced funds on the market, with just 0.7 percent in annual fees and a portfolio built almost entirely from wholesale sustainability-focused building blocks.

Evidential runs this as a fund-of-funds operation, layering Dimensional and Kernel products to reach a 60/40 split between growth and income assets. The Dimensional Global Bond Sustainability Trust is the anchor holding at 17.85 percent, followed by Dimensional's Two-Year Sustainability Fixed Interest fund at 11.95 percent. On the equities side, Kernel's Global ESG fund takes 10.04 percent, with Dimensional's hedged global sustainability fund and Australian sustainability trust each around 6 percent. Emerging markets appear through another Dimensional vehicle at 3.93 percent. Direct New Zealand stock picks round out the top ten: A2 Milk at 1.1 percent, then Meridian, Mercury and Auckland Airport each at 0.8 percent. International shares make up 40 percent of the portfolio, bonds claim nearly 39 percent split between offshore and domestic, and Australasian shares take 20 percent.

The fund sits in the balanced category with a risk level of 4. Its small scale and wholesale structure give it a concentrated, institutional feel, though the underlying funds themselves are broadly diversified. No performance data is available yet.

General information only, not financial advice. Past performance is not a reliable indicator of future results.