BCV Global Corporate Bonds Hedged is intended to generate long-term capital gains in line with the bond investment policy defined by the Banque Cantonale Vaudoise. This investment strategy focuses on a dynamic management of sector allocation, credit risk, and interest rate risk. The sub-fund invests mainly in bonds denominated in different currencies, issued by high-quality private-sector borrowers located throughout the world. The proportion of the sub-fund's assets invested in collective investments and high-yield speculative securities is limited to a maximum of 10% and 30% respectively. The currency risk with respect to the sub-fund's unit of account is substantially hedged in respect of the main investment currencies. 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 based on sustainability factors.