The objective of the BCV Total Return Bonds (CHF) sub-fund is to generate returns with low correlation to interest rate and credit cycles, in order to obtain sustainable capital growth. It invests primarily in bonds denominated in any currency, from private or public debtors worldwide. High yield securities are limited to a maximum of 30% of the sub-fund’s assets. Investments are made directly or via units in collective investment schemes (up to a maximum of 10% of the assets) and derivatives. 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 having a sustainability objective. The sub-fund is not managed sustainably.