# COMPOSITION OF THE ASSETS
| Description | Quantity at 30 June 2022 | Currency | Price in currency | Evaluation EUR | % by the UCI | % portfolio | % net assets |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Transferable securities admitted to an official stock exchange listing |  |  |  | 1,814,103.00 |  | 0.85% | 0.74% |
| Bonds and other debt securities |  |  |  |
| State |  |  |  |
| Italy |  |  |  |
| ITALY 2,80 18-28 | 1,800,000 | EUR | 100.78 |
| United States of America |  |  |  | 1,814,103.00 |  | 0.85% | 0.74% |
| US TREA 0,50 20-25 | 2,300,000 | USD | 93.37 | 2,054,173.01 | 0.96% | 0.83% |
| US TREA 2,50 16-46 | 1,000,000 | USD | 84.57 | 808,936.94 | 0.38% | 0.33% |
| US TREA 2,75 18-23 | 1,200,000 | USD | 99.79 | 1,145,432.30 | 0.54% | 0.46% |
|  |  |  |  | 4,008,542.25 |  | 1.88% | 1.63% |
| Total - State |  |  |  | 5,822,645.25 | 2.73% | 2.36% |
| Total - Bonds and other debt securities |  |  |  | 5,822,645.25 | 2.73% | 2.36% |
| UCI with variable number of shares |  |  |  |  |  |  |
| Shares |  |  |  |  |  |  |
| Directive 2009/65/EC - Registered with FSMA |  |  |  |  |  |  |
| AB ST SICAV I-JAPAN | 320,000 | EUR | 8.17 | 2,613,600.00 | 1.22% | 1.06% |
| AMUNDI EU EQ J2C | 10,800 | EUR | 1,008.36 | 10,890,288.00 | 5.10% | 4.42% |
| DPAM B EQ DRAGONS P | 276 | EUR | 20,221.99 | 5,581,269.24 | 2.61% | 2.26% |
| DPAM B EQ ESCS P | 27,000 | EUR | 303.98 | 8,207,460.00 | 3.84% | 3.33% |
| DPAM B EQ EU DIV P | 210 | EUR | 26,114.62 | 5,484,070.20 | 2.57% | 2.22% |
| DPAM B EQ EUR SUS P | 392 | EUR | 37,581.46 | 14,744,822.76 | 6.90% | 5.98% |
| DPAM B EQ JAP IDX P | 58 | EUR | 17,633.80 | 1,022,760.40 | 0.48% | 0.41% |
| DPAM B EQ NG SUS P | 264 | EUR | 38,441.89 | 10,148,658.96 | 4.75% | 4.12% |
| DPAM B EQ US BEH V P | 638 | EUR | 23,715.87 | 15,130,725.06 | 7.08% | 6.14% |
| DPAM B EQ US D S P | 295 | EUR | 44,115.71 | 13,014,134.45 | 6.09% | 5.28% |
| DPAM B EQ WS P | 42,400 | EUR | 315.70 | 13,385,680.00 | 6.27% | 5.43% |
| DPAM EQ L EUR BVL P | 326 | EUR | 13,035.47 | 4,249,563.22 | 1.99% | 1.72% |
| DPAM EQ US ESG LD P | 430 | EUR | 22,992.66 | 9,886,843.80 | 4.63% | 4.01% |
| DPAM L EQ CONV RES P | 236 | EUR | 27,588.73 | 6,510,940.28 | 3.05% | 2.64% |
| FEDER HER INV GL EM | 1,100,000 | EUR | 2.91 | 3,200,890.00 | 1.50% | 1.30% |
| ISHS ST EUR 600 BKS | 50,000 | EUR | 12.78 | 639,000.00 | 0.30% | 0.26% |
| JPMF EM MKTS OPP | 25,000 | USD | 127.19 | 3,041,513.22 | 1.42% | 1.23% |
| LM GL ROYCE US SC OP | 24,800 | USD | 302.37 | 7,172,773.45 | 3.36% | 2.91% |
| MFS MF EU VAL I1 | 9,800 | EUR | 375.77 | 3,682,546.00 | 1.72% | 1.49% |
| MSIF US ADV ZC | 24,700 | USD | 81.69 | 1,930,023.43 | 0.90% | 0.78% |
| SELECT T PRULCGEF IC | 650,000 | USD | 10.67 | 6,633,985.37 | 3.11% | 2.69% |
| Total - Directive 2009/65/EC - Registered with FSMA |  |  |  | 147,171,547.84 | 68.90% | 59.70% |
| Not directive 2009/65/EC - Not registered with FSMA |  |  |  |  |  |  |
| POLEN USD-INSTL-D-AC | 400,000 | USD | 13.05 | 4,993,065.19 | 2.34% | 2.03% |
| SSGA SPDR MSCI EURO | 12,000 | EUR | 159.48 | 1,913,760.00 | 0.90% | 0.78% |
| VERITAS ASIAN US-C C | 10,900 | USD | 592.31 | 6,175,509.71 | 2.89% | 2.50% |
| Total - Not directive 2009/65/EC - Not registered with FSMA |  |  |  | 13,082,334.90 | 6.12% | 5.31% |
| Total - Shares |  |  |  | 160,253,882.74 | 75.02% | 65.00% |
| Real estate |  |  |  |  |  |  |
| Directive 2009/65/EC - Registered with FSMA |  |  |  |  |  |  |
| DPAM B RE ES EM SU P | 7 | EUR | 257,931.01 | 1,805,517.07 | 0.85% | 0.73% |

| Description | Quantity at 30 June 2022 | Currency | Price in currency | Evaluation EUR | % by the UCI | % portfolio | % net assets |
| --- | --- | --- | --- | --- | --- | --- | --- |
| DPAM B RE EU SUS P | 4,650 | EUR | 497.59 | 2,313,793.50 |  | 1.08% | 0.94% |
| Total - Directive 2009/65/EC - Registered with FSMA |  |  |  | 4,119,310.57 | 1.93% | 1.67% |
| Total - Real estate |  |  |  | 4,119,310.57 | 1.93% | 1.67% |
| Monetary |  |  |  |  |  |  |
| Directive 2009/65/EC - Registered with FSMA |  |  |  |  |  |  |
| DPAM B BDS ST 1Y P | 75 | EUR | 24,742.38 | 1,855,678.50 | 0.87% | 0.75% |
| Total - Directive 2009/65/EC - Registered with FSMA |  |  |  | 1,855,678.50 | 0.87% | 0.75% |
| Total - Monetary |  |  |  | 1,855,678.50 | 0.87% | 0.75% |
| Bonds and other debt securities |  |  |  |  |  |  |
| Directive 2009/65/EC - Registered with FSMA |  |  |  |  |  |  |
| DEGROOF PET FR CC SI | 130 | EUR | 4,489.50 | 583,635.00 | 0.27% | 0.24% |
| DPAM B BD EUR ME T P | 310 | EUR | 24,658.01 | 7,643,983.10 | 3.58% | 3.10% |
| DPAM B BD GL INF L P | 4,000 | EUR | 148.86 | 595,440.00 | 0.28% | 0.24% |
| DPAM B BD GL IN L PH | 12,000 | EUR | 121.06 | 1,452,720.00 | 0.68% | 0.59% |
| DPAM B BONDS EUR P | 42,000 | EUR | 81.98 | 3,443,160.00 | 1.61% | 1.40% |
| DPAM B COR BD 2023 P | 200 | EUR | 25,462.74 | 5,092,548.00 | 2.38% | 2.07% |
| DPAM BL EUR IL PC | 44 | EUR | 25,919.13 | 1,140,441.72 | 0.53% | 0.46% |
| DPAM BL GOV GLB PC | 78 | EUR | 25,827.68 | 2,014,559.04 | 0.94% | 0.82% |
| DPAM L BD EM SUS P | 55,500 | EUR | 135.11 | 7,498,605.00 | 3.51% | 3.04% |
| DPAM L BD EUR HYST P | 26,000 | EUR | 138.21 | 3,593,460.00 | 1.68% | 1.46% |
| DPAM L BD EUR QUAL P | 2,600 | EUR | 569.57 | 1,480,882.00 | 0.69% | 0.60% |
| DPAM L BDS CLIM TR P | 147 | EUR | 21,857.55 | 3,213,059.85 | 1.50% | 1.30% |
| DPCAM L BD U UNC P | 21,000 | EUR | 180.87 | 3,798,270.00 | 1.78% | 1.54% |
| Total - Directive 2009/65/EC - Registered with FSMA |  |  |  | 41,550,763.71 | 19.45% | 16.85% |
| Total - Bonds and other debt securities |  |  |  | 41,550,763.71 | 19.45% | 16.85% |
| Total - UCI with variable number of shares |  |  |  | 207,779,635.52 | 97.27% | 84.28% |
| Total - Transferable securities admitted to an official stock exchange listing |  |  |  | 213,602,280.77 | 100.00% | 86.64% |
| Other transferable securities |  |  |  |  |  |  |
| Financial derivatives |  |  |  |  |  |  |
| Foreign exchange |  |  |  |  |  |  |
| EUR |  |  |  |  |  |  |
| V USD EUR 011222 | 2,842,524 | EUR | 1.00 | 2,842,524.16 | 1.33% | 1.15% |
| USD |  |  |  | 2,842,524.16 |  | 1.33% | 1.15% |
| V USD EUR 011222 | -3,000,000 | USD | 0.95 | -2,838,281.97 | -1.33% | -1.15% |
|  |  |  |  | -2,838,281.97 |  | -1.33% | -1.15% |
| Total - Foreign exchange |  |  |  | 4,242.19 | 0.00% | 0.00% |
| Total - Financial derivatives |  |  |  | 4,242.19 | 0.00% | 0.00% |
| Total - Other transferable securities |  |  |  | 4,242.19 | 0.00% | 0.00% |
| Total - portfolio |  |  |  | 213,606,522.96 | 100.00% | 86.64% |
| Collatéral |  |  |  | 0.00 |  | 0.00% |
| Deposits and liquid assets |  |  |  |  |  |  |

| Description | Quantity at 30 June 2022 | Currency | Price in currency | Evaluation EUR | % by the UCI | % portfolio | % net assets |
| --- | --- | --- | --- | --- | --- | --- | --- |
| deposit and liquid assets |  |  |  |  |  |  |  |
| Interest on current account | GBP | 163.31 | 0.00% |
| Banque Degroof Petercam | JPY | 3,449,156.50 | 1.40% |
|  | USD | 9.32 | 0.00% |
| Banque Degroof Petercam | EUR | 15,597,345.28 | 6.33% |
| Banque Degroof Petercam | USD | 3,786,020.10 | 1.54% |
| Banque Degroof Petercam | CHF | 4,622,632.02 | 1.88% |
| Banque Degroof Petercam | USD | 19,411.02 | 0.01% |
| Banque Degroof Petercam | CHF | 131,775.59 | 0.05% |
| Interest on Foreign Exchange Account. | USD | 0.21 | 0.00% |
|  | USD | 0.82 | 0.00% |
| Interest on current account | USD | 27.79 | 0.00% |
| Banque Degroof Petercam | GBP | 4,507,401.39 | 1.83% |
| Total - deposit and liquid assets |  | 32,113,943.35 | 13.03% |
| Total - Deposits and liquid assets |  | 32,113,943.35 | 13.03% |
| Other receivables and other payables |  | 786,472.02 | 0.32% |
| Others |  | 28,563.50 | 0.01% |
| Total net assets |  | 246,535,501.83 | 100,00% |

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Translation (ENFR, 2022-06-30):
# COMPOSITION DES ACTIFS
| Dénomination | Quantité au 30 juin 2022 | Devise | Cours en devise | Evaluation EUR | % détenu par l'OPC | % porte- feuille | % actif net |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Valeurs mobilières admises à la cote officielle d'une bourse de valeurs |  |  |  | 1.815.000,00 |  | 0,81% | 0,79% |
| Actions |  |  |  |
| Autriche |  |  |  |
| CA IMMOBILIEN | 60.000 | EUR | 30,25 |
| Belgique |  |  |  | 1.815.000,00 |  | 0,81% | 0,79% |
| AEDIFICA | 53.000 | EUR | 91,50 | 4.849.500,00 | 2,17% | 2,12% |
| COFINIMMO | 58.153 | EUR | 103,60 | 6.024.650,80 | 2,70% | 2,64% |
| INTERVEST OFFICES | 479.166 | EUR | 25,00 | 11.979.150,00 | 5,37% | 5,25% |
| RETAIL ESTATES | 144.200 | EUR | 63,50 | 9.156.700,00 | 4,10% | 4,01% |
| VGP | 18.000 | EUR | 152,00 | 2.736.000,00 | 1,23% | 1,20% |
| WAREHOUSES DE PAUW | 224.000 | EUR | 30,00 | 6.720.000,00 | 3,01% | 2,94% |
| Allemagne |  |  |  | 41.466.000,80 |  | 18,58% | 18,16% |
| LEG IMMOBILIEN SE | 81.000 | EUR | 79,12 | 6.408.720,00 | 2,87% | 2,81% |
| TAG IMMOBILIEN AG | 465.000 | EUR | 10,89 | 5.063.850,00 | 2,27% | 2,22% |
| VONOVIA SE | 496.000 | EUR | 29,40 | 14.582.400,00 | 6,54% | 6,39% |
| Espagne |  |  |  | 26.054.970,00 |  | 11,68% | 11,41% |
| MERLIN PROPERTIES | 800.000 | EUR | 9,21 | 7.364.000,00 | 3,30% | 3,22% |
| France |  |  |  | 7.364.000,00 |  | 3,30% | 3,22% |
| ALTAREA | 54.454 | EUR | 130,60 | 7.111.692,40 | 3,19% | 3,11% |
| ARGAN | 166.379 | EUR | 89,20 | 14.841.006,80 | 6,65% | 6,50% |
| CARMILA SAS | 371.000 | EUR | 13,50 | 5.008.500,00 | 2,24% | 2,19% |
| CBO TERRITORIA N. | 840.000 | EUR | 3,62 | 3.040.800,00 | 1,36% | 1,33% |
| COVIVIO | 70.000 | EUR | 52,95 | 3.706.500,00 | 1,66% | 1,62% |
| ICADE | 157.000 | EUR | 46,54 | 7.306.780,00 | 3,27% | 3,20% |
| KLEPIERRE | 159.000 | EUR | 18,36 | 2.919.240,00 | 1,31% | 1,28% |
| MERCIALYS | 655.000 | EUR | 7,71 | 5.050.050,00 | 2,26% | 2,21% |
| UNIBAIL RODAMCO WEST | 61.000 | EUR | 48,65 | 2.967.650,00 | 1,33% | 1,30% |
| Royaume-Uni |  |  |  | 51.952.219,20 |  | 23,28% | 22,75% |
| EMPIRIC STUDENT | 1.875.000 | GBP | 0,86 | 1.873.257,43 | 0,84% | 0,82% |
| HOME REIT | 3.061.532 | GBP | 1,14 | 4.040.311,74 | 1,81% | 1,77% |
| LAND SECS REIT | 320.000 | GBP | 6,64 | 2.468.401,49 | 1,11% | 1,08% |
| LONDONMETRIC PROP | 1.300.000 | GBP | 2,28 | 3.449.349,44 | 1,55% | 1,51% |
| LXI REIT PLC | 4.200.000 | GBP | 1,42 | 6.947.955,39 | 3,11% | 3,04% |
| NEWRIVER REIT | 4.601.525 | GBP | 0,88 | 4.720.198,16 | 2,12% | 2,07% |
| SUPERMARKET REIT | 3.933.250 | GBP | 1,20 | 5.460.308,72 | 2,45% | 2,39% |
| URBAN LOGIS REIT | 1.800.000 | GBP | 1,61 | 3.377.091,08 | 1,51% | 1,48% |
| WAREHOUSE REIT PLC | 2.900.000 | GBP | 1,47 | 4.965.845,72 | 2,23% | 2,17% |
| Guernsey |  |  |  | 37.302.719,17 |  | 16,72% | 16,34% |
| REGIONAL REIT | 5.685.989 | GBP | 0,72 | 4.775.755,17 | 2,14% | 2,09% |
| SIRIUS REAL ESTA | 8.000.000 | GBP | 0,89 | 8.289.962,83 | 3,72% | 3,63% |
| Irlande |  |  |  | 13.065.718,00 |  | 5,86% | 5,72% |

| Dénomination | Quantité au 30 juin 2022 | Devise | Cours en devise | Evaluation EUR | % détenu par l'OPC | % porte- feuille | % actif net |
| --- | --- | --- | --- | --- | --- | --- | --- |
| IRISH RESIDENT PROP | 2.827.253 | EUR | 1,27 | 3.579.302,30 |  | 1,60% | 1,57% |
| Jersey |  |  |  | 3.579.302,30 |  | 1,60% | 1,57% |
| PHOENIX -N REIT | 1.200.000 | GBP | 3,16 | 4.405.204,46 | 1,97% | 1,93% |
| Luxembourg (Grand-Duché) |  |  |  | 4.405.204,46 |  | 1,97% | 1,93% |
| GRAND CITY PROP | 220.000 | EUR | 12,88 | 2.833.600,00 | 1,27% | 1,24% |
| Pays-Bas |  |  |  | 2.833.600,00 |  | 1,27% | 1,24% |
| CTP B.V. | 496.758 | EUR | 11,00 | 5.464.338,00 | 2,45% | 2,39% |
| NSI N.V. | 305.216 | EUR | 32,85 | 10.026.345,60 | 4,49% | 4,39% |
| Suède |  |  |  | 15.490.683,60 |  | 6,94% | 6,78% |
| CASTELLUM AB | 231.000 | SEK | 131,45 | 2.834.362,44 | 1,27% | 1,24% |
| CATENA | 87.000 | SEK | 371,20 | 3.014.463,53 | 1,35% | 1,32% |
| CIBUS NORDIC REAL | 104.573 | SEK | 157,90 | 1.541.290,54 | 0,69% | 0,67% |
|  |  |  |  | 7.390.116,51 |  | 3,31% | 3,24% |
| Total - Actions |  |  |  | 212.719.534,04 | 95,33% | 93,16% |
| Obligations et autres titres de créances |  |  |  |  |  |  |
| Emis(es) par une entreprise privée |  |  |  |  |  |  |
| France |  |  |  |  |  |  |
| FINANCIERE 5,5 18-23 | 1.800.000 | EUR | 100,00 | 1.800.000,00 | 0,81% | 0,79% |
| SCBSM 2,50 17-23 | 357.165 | EUR | 9,36 | 3.342.350,07 | 1,50% | 1,46% |
|  |  |  |  | 5.142.350,07 |  | 2,30% | 2,25% |
| Total - Emis(es) par une entreprise privée |  |  |  | 5.142.350,07 | 2,30% | 2,25% |
| Total - Obligations et autres titres de créances |  |  |  | 5.142.350,07 | 2,30% | 2,25% |
| OPC à nombre fixe de parts |  |  |  |  |  |  |
| Actions |  |  |  |  |  |  |
| Directive 2009/65/CE & Non Inscrit auprès de la FSMA |  |  |  |  |  |  |
| Guernsey |  |  |  |  |  |  |
| REAL EST CR EUR | 3.068.981 | GBP | 1,48 | 5.276.593,73 | 2,36% | 2,31% |
|  |  |  |  | 5.276.593,73 |  | 2,36% | 2,31% |
| Total - Directive 2009/65/CE & Non Inscrit auprès de la FSMA |  |  |  | 5.276.593,73 | 2,36% | 2,31% |
| Total - Actions |  |  |  | 5.276.593,73 | 2,36% | 2,31% |
| Total - OPC à nombre fixe de parts |  |  |  | 5.276.593,73 | 2,36% | 2,31% |
| Total - Valeurs mobilières admises à la cote officielle d'une bourse de valeurs |  |  |  | 223.138.477,84 | 100,00% | 97,72% |
| Total - portefeuille |  |  |  | 223.138.477,84 | 100,00% | 97,72% |
| Collatéral |  |  |  | 0,00 |  | 0,00% |
| Dépôts et Liquidités |  |  |  |  |  |  |

| Dénomination | Quantité au 30 juin 2022 | Devise | Cours en devise | Evaluation EUR | % détenu par l'OPC | % porte- feuille | % actif net |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Avoirs bancaires à vue |  |  |  |  |  |  |  |
| Banque Degroof Petercam | GBP | 199,15 | 0,00% |
| Banque Degroof Petercam | GBP | 46.966,28 | 0,02% |
| Banque Degroof Petercam | EUR | 4.823.374,57 | 2,11% |
| Total - Avoirs bancaires à vue |  | 4.870.540,00 | 2,13% |
| Total - Dépôts et Liquidités |  | 4.870.540,00 | 2,13% |
| Créances et dettes diverses |  | 332.092,37 | 0,15% |
| Autres |  | 0,00 | 0,00% |
| Actif Net Total |  | 228.341.110,21 | 100,00% |

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