The objective of the BCV Horizon Stratégie Revenu Sub-fund is to obtain moderate long-term capital growth and steady income. The Sub-fund's investment policy reflects that of the Bank Cantonale Vaudoise, based on an allocation of assets and an international currency diversification predominantly exposed to the Swiss franc. The Sub-fund, directly or indirectly, invests at least 51% of its assets in bonds and other securities or debt instruments, of debtors worldwide. It is also authorized to hold a maximum of 15% of real estate investments in units of collective investments and real estate companies. It invests a maximum of 49% in equities, other securities, and participation rights of companies from around the world. Up to a maximum of 30%, the Sub-fund may also invest in units of collective investments that include equities, commodities, or precious metals. It also invests in derivative financial instruments and structured products on various underlyings and in cash. Alternative collective investment schemes are also authorized for up to 30% of the Sub-fund's assets. Investment decisions are guided by financial objectives and criteria, while also taking into account environmental, social, and governance (ESG) criteria in order to reduce ESG risks for financial purposes, without pursuing any sustainability objective. The sub-fund is therefore not managed in a sustainable manner.