# EVOLUTION OF SUBSCRIPTIONS, REDEMPTIONS AND THE NET ASSET VALUE
| Evolution of the number of shares in circulation |
| --- |
|  | 31 December 2019 | 31 December 2020 | 30 June 2021 |
| Class | Subscriptions | Redemptions | End of Period | Subscriptions | Redemptions | End of Period | Subscriptions | Redemptions | End of Period |
| A | 4,559.48 | 20,509.00 | 48,638.77 | 19,479.24 | 5,447.00 | 62,671.01 | 3,942.31 | 10,237.03 | 56,376.29 |
| A EUR HEDGED | 13,364.58 | 66,355.00 | 80,375.67 | 3,072.39 | 10,302.00 | 73,146.05 | 24,454.91 | 8,035.59 | 89,565.38 |
| B | 23,563.50 | 5,701.99 | 60,742.24 | 6,040.00 | 10,517.00 | 56,265.24 | 4,400.00 | 19,045.00 | 41,620.24 |
| B EUR HEDGED | 24,570.00 | 44,097.00 | 59,472.10 | 8,001.00 | 12,096.43 | 55,376.67 | 1,700.00 | 31,184.00 | 25,892.67 |
| E EUR HEDGED | 0.00 | 17,440.04 | 11,200.00 | 0.00 | 0.00 | 11,200.00 | 0.00 | 0.00 | 11,200.00 |
| F | 370,382.00 | 156,129.94 | 521,250.95 | 307,084.01 | 446,316.01 | 382,018.95 | 166,335.00 | 303,890.00 | 244,463.95 |
| F EUR HEDGED | 57,400.00 | 214,056.00 | 146,320.75 | 442,157.00 | 93,630.00 | 494,847.75 | 282,664.12 | 332,196.05 | 445,315.82 |
| FLC |  |  | 0.00 |  |  | 0.00 | 0.00 | 0.00 | 1,000.00 |
| J EUR Hedged | 0.00 | 3,822.46 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| M | 5,563.58 | 22,048.79 | 78,520.65 | 12,608.87 | 5,877.81 | 85,251.71 | 4,372.00 | 4,589.56 | 85,034.15 |
| M EUR HEDGED | 68,817.68 | 83,380.25 | 406,606.31 | 89,372.69 | 49,651.76 | 446,327.24 | 26,870.04 | 63,287.93 | 409,909.36 |
| N | 4,440.00 | 11,830.00 | 9,112.00 | 1,606.00 | 5,380.00 | 5,338.00 | 59.97 | 1,891.97 | 3,506.00 |
| N EUR HEDGED | 74,732.00 | 6,765.00 | 81,798.00 | 22,413.00 | 14,373.00 | 89,838.00 | 34,964.50 | 7,703.95 | 117,098.55 |
| P | 320,575.00 | 28,000.00 | 313,775.00 | 87,730.00 | 112,725.00 | 288,780.00 | 14,420.00 | 58,000.00 | 245,200.00 |
| P EUR HEDGED | 0.00 | 552,660.00 | 557,928.22 | 2,777.00 | 19,500.00 | 541,205.22 | 12,500.00 | 28,000.00 | 525,705.22 |
| W | 0.00 | 0.00 | 0.00 | 3,176.97 | 1,764.74 | 1,412.23 | 0.00 | 1,412.23 | 0.00 |
| TOTAL |  |  | 2,375,740.67 |  |  | 2,593,678.09 |  |  | 2,301,887.63 |

| Payable and receivable amounts for the UCI |
| --- |
| EUR |
|  | 31 December 2019 | 31 December 2020 | 30 June 2021 |
| Class | Subscriptions | Redemptions | Subscriptions | Redemptions | Subscriptions | Redemptions |
| A | 559,089.95 | 2,417,943.30 | 2,371,367.43 | 667,018.30 | 488,081.89 | 1,265,699.76 |
| A EUR HEDGED | 1,361,636.34 | 6,723,349.76 | 326,600.15 | 1,081,531.48 | 2,670,162.56 | 869,760.55 |
| B | 3,269,238.45 | 741,671.33 | 833,360.65 | 1,456,508.04 | 609,847.46 | 2,671,868.19 |
| B EUR HEDGED | 2,864,552.50 | 5,032,628.73 | 966,882.37 | 1,471,705.82 | 207,141.40 | 3,829,263.13 |
| E EUR HEDGED | 0.00 | 1,780,104.88 | 0.00 | 0.00 | 0.00 | 0.00 |
| F | 52,532,325.62 | 21,320,122.92 | 44,197,640.62 | 64,607,548.45 | 24,131,895.10 | 43,748,305.80 |
| F EUR HEDGED | 6,921,490.00 | 24,810,231.87 | 55,265,268.72 | 11,689,573.31 | 35,767,648.05 | 42,353,783.80 |
| FLC |  |  |  |  | 0.00 | 0.00 |
| J EUR Hedged | 0.00 | 94,412,763.15 | 0.00 | 0.00 | 0.00 | 0.00 |
| M | 677,943.71 | 2,561,314.33 | 1,548,723.31 | 713,875.72 | 535,712.90 | 559,471.34 |
| M EUR HEDGED | 7,191,862.87 | 8,575,630.88 | 9,575,564.84 | 5,288,824.34 | 2,949,982.74 | 6,947,796.82 |
| N | 616,800.60 | 1,653,640.40 | 224,965.85 | 748,337.28 | 8,423.42 | 264,363.97 |
| N EUR HEDGED | 8,711,930.88 | 771,202.77 | 2,697,009.77 | 1,717,818.31 | 4,275,933.87 | 949,457.01 |
| P | 45,951,163.75 | 3,842,160.00 | 12,962,996.40 | 16,365,747.75 | 2,090,086.20 | 8,361,440.00 |
| P EUR HEDGED | 0.00 | 63,600,973.00 | 351,123.88 | 2,386,285.00 | 1,588,375.00 | 3,545,560.00 |
| W | 0.00 | 0.00 | 445,810.76 | 245,915.15 | 0.00 | 195,198.29 |
| TOTAL | 130,658,034.67 | 238,243,737.32 | 131,767,314.75 | 108,440,688.95 | 75,323,290.59 | 115,561,968.66 |

| net asset value |
| --- |
| EUR |
|  | 31 December 2019 | 31 December 2020 | 30 June 2021 |
| Class | of the subfund | Per share | of the subfund | Per share | of the subfund | Per share |
| A | 297,459,353.56 | 122.37 | 334,262,249.05 | 123.70 | 294,293,687.60 | 124.90 |
| A EUR HEDGED |
| B |
| B EUR HEDGED |
| 103.23 | 109.38 | 108.47 |
| E EUR HEDGED | 137.69 | 139.58 | 141.39 |
| 116.58 | 123.92 | 123.34 |
| F | 104.40 | 110.60 | 109.75 |
| F EUR HEDGED | 142.19 | 144.50 | 146.54 |
| 120.24 | 128.10 | 127.64 |
| FLC | 0.00 | 0.00 | 5.09 |
| J EUR Hedged | 0.00 | 0.00 | 0.00 |
| 121.65 | 122.97 | 124.27 |
| M | 104.06 | 110.76 | 109.96 |
| M EUR HEDGED | 138.38 | 140.62 | 142.61 |
| 116.56 | 124.17 | 123.71 |
| N | 143.71 | 146.35 | 148.57 |
| N EUR HEDGED | 120.60 | 128.75 | 128.41 |
| 0.00 | 139.80 | 0.00 |
| P |
| P EUR HEDGED |
| W |
| TOTAL | 297,459,353.56 |  | 334,262,249.05 |  | 294,293,687.60 |  |

On the date of publication of this report, the net asset value per share is published on the following websites: www.dpamfunds.com and www.beama.be. This information is also available at the counters of the financial service.
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Translation (ENFR, 2021-06-30):
# EVOLUTION DES SOUSCRIPTIONS, DES REMBOURSEMENTS ET DE LA VALEUR NETTE D’INVENTAIRE
| Evolution du nombre d'actions en circulation |
| --- |
|  | 31 décembre 2019 | 31 décembre 2020 | 30 juin 2021 |
| Classe | Souscrites | Remboursées | Fin de période | Souscrites | Remboursées | Fin de période | Souscrites | Remboursées | Fin de période |
| A | 43.103,55 | 118.588,81 | 1.004.543,88 | 21.846,77 | 83.944,65 | 942.446,00 | 8.465,79 | 42.518,69 | 908.393,10 |
| B | 868,00 | 9.726,00 | 132.866,22 | 28.093,04 | 10.856,00 | 150.103,27 | 41.869,21 | 4.708,02 | 187.264,46 |
| F | 9.802,40 | 0,00 | 9.802,40 | 0,00 | 0,00 | 9.802,40 | 0,00 | 9.229,40 | 573,00 |
| M | 14.260,00 | 17.949,51 | 109.379,25 | 8.525,02 | 2.048,31 | 115.855,97 | 20.661,00 | 21.425,73 | 115.091,24 |
| N | 125,00 | 0,00 | 3.050,00 | 0,00 | 0,00 | 3.050,00 | 0,00 | 0,00 | 3.050,00 |
| TOTAL |  |  | 1.259.641,76 |  |  | 1.221.257,64 |  |  | 1.214.371,80 |

| Montants payés et reçus par l’OPC |
| --- |
| EUR |
|  | 31 décembre 2019 | 31 décembre 2020 | 30 juin 2021 |
| Classe | Souscrites | Remboursées | Souscrites | Remboursées | Souscrites | Remboursées |
| A | 5.221.232,28 | 14.274.389,34 | 2.777.575,32 | 10.417.487,68 | 1.145.292,89 | 5.767.996,38 |
| B | 111.665,03 | 1.261.324,86 | 3.726.513,49 | 1.443.940,38 | 6.021.511,34 | 670.647,05 |
| F | 1.242.080,49 | 0,00 | 0,00 | 0,00 | 0,00 | 1.326.910,69 |
| M | 1.748.800,40 | 2.150.076,88 | 1.090.127,26 | 247.205,11 | 2.833.072,13 | 2.932.238,16 |
| N | 16.345,00 | 0,00 | 0,14 | 0,00 | 0,00 | 0,00 |
| TOTAL | 8.340.123,20 | 17.685.791,08 | 7.594.216,21 | 12.108.633,17 | 9.999.876,36 | 10.697.792,28 |

| Valeur nette d'inventaire |
| --- |
| EUR |
|  | 31 décembre 2019 | 31 décembre 2020 | 30 juin 2021 |
| Classe | du compartiment | d'une action | du compartiment | d'une action | du compartiment | d'une action |
| A | 160.335.436,45 | 126,59 | 164.179.216,30 | 133,48 | 171.237.682,90 | 139,73 |
| B | 132,24 | 140,23 | 147,41 |
| F | 132,54 | 141,27 | 148,86 |
| M | 127,05 | 133,90 | 140,46 |
| N | 133,36 | 142,02 | 149,61 |
| TOTAL | 160.335.436,45 |  | 164.179.216,30 |  | 171.237.682,90 |  |

A la date de publication du présent rapport, la valeur nette d'inventaire par action est publiée sur les sites suivants: www.dpamfunds.com et www.beama.be. Cette information est également disponible aux guichets du service financier.
8.8%
0.4%
5.6%
2.1%
4.1%
3.1%
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