The objective of the BCV Actif Offensif ESG (CHF) Sub-fund is to dynamically increase capital, while limiting the impact of sharp market declines. The Sub-fund's investment policy reflects that of the Bank Cantonale Vaudoise, based on an international currency diversification predominantly exposed to the Swiss franc. 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. The Sub-fund, directly or indirectly, invests at the most 70% of its assets in bonds and other securities or debt instruments, of debtors worldwide as well as in cash. It invests at least 25% and a maximum of 95% in equities, other securities, and participation rights of companies from around the world. It is also authorized to hold a maximum of 15% of real estate investments in units of collective investments and real estate companies. Up to a maximum of 30%, the Sub-fund may also invest in units of collective investment schemes that invest in commodities and precious metals. It also invests in derivative financial instruments and structured products on various underlyings. Alternative collective investment schemes are also authorized for up to 30% of the Sub-fund's assets.