BCV Swiss Franc Credit Bonds ESG aims to achieve long-term capital appreciation under a bond investment policy defined by the Banque Cantonale Vaudoise. This investment policy relies on a dynamic sectoral allocation between credit and interest rate risk as well as a rigorous selection process according to the quality and liquidity of bonds, notes, and other debt securities of fixed or variable income denominated in Swiss francs from public and private issuers located around the world. The portion of the sub-fund's assets as defined in the investment policy, the portfolio manager integrates environmental, social, and governance (ESG) criteria into the investment selection process and their weighting in the portfolio. The share in collective investment schemes and in high yield bonds and other speculative securities is limited respectively to a maximum of 10% and 30% of the Subfund's assets.