BCV Global Corporate Bonds ESG 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. For the portion of the sub-fund's assets specified in the investment policy, the asset manager takes into account environmental, social, and governance (ESG) criteria in the process of selecting investments and structuring the portfolio. 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.