The objective of the BCV Stratégie Equipondéré ESG Ambition Sub-fund is to generate long-term capital growth combined with additional income streams. This is a reflection of Banque Cantonale Vaudoise's investment policy, based on an international asset and currency allocation strategy predominantly in Swiss francs. The Sub-fund is broadly diversified. The portfolio manager takes into account environmental, social, and governance (ESG) criteria for the portion of the sub-fund's assets specified in the investment policy when selecting investments and determining their weighting in the portfolio. A portion of the portfolio is allocated to thematic investment instruments designed to foster solutions addressing the challenges of sustainable development. The Sub-fund, directly or indirectly, invests up to 75% of its total assets in bonds, debentures, and other debt securities from anywhere in the world, as well as in bank deposits and money market instruments, and at least 25% and no more than 65% in shares, other securities, or participation rights of companies throughout the world. It is also authorized to invest in real estate through units in collective investment schemes and property companies for up to a maximum of 15%. The Sub-fund may also invest up to a maximum of 30% in units of collective investment schemes that acquire commodities, precious metals, as well as derivative financial instruments and structured products on various underlying assets. Units in alternative collective investment schemes are also permitted up to a maximum of 30% of the Sub-fund's overall assets.