# CHARGES
Ongoing charges
The ongoing charges, calculated in accordance with the provisions of European Commission Regulation 583/2010 of 1 July 2010.
These charges include transaction fees incurred by the sub-fund when it subscribes to and/or sells units of another fund, but do not include either (i) the fees incurred by the sub-fund when it makes investments other than subscriptions/sales of units of funds or, where applicable, (ii) the performance fee
These charges are based on the fees charged in fund accounting for one year prior to the end of the period under review.
In the event of a change in the cost structure during the financial year or if the share class is issued during the financial year, the amount of the reported current expenses is calculated on the basis of an estimate based on the expected total amount of the annual expenses (which could be determined by comparison with a similar class).
Due to the change in cost structure during the year, the estimated costs are :
| Class A - BE0057450265: 1.79 % |
| --- |
| Class B - BE0057451271: 1.75 % |
| Class E - BE0948487211: 0.92 % |
| Class F - BE0948486205: 0.92 % |
| Class J - BE6299450765: 0.51 % |
| Class M - BE6299451771: 1.04 % |
| Class N - BE6299452787: 1.00 % |
| Class P - BE6254416504: 0.11 % |
| Class V - BE6246070468: 0.90 % |
| Class W - BE6246074502: 0.92 % Fee sharing As at 31 December 2021, 29,55% of the remuneration due to the Fund Manager was retroceeded to some other distributors, third parties and the Banque Degroof Petercam or one of its subsidiaries. - NOTES TO THE FINANCIAL STATEMENTS AND OTHER INFORMATION
	- Gross dividends paid in the financial year

 |

2019	class A 2,07 EUR
class E 2,24 EUR class V 2,21 EUR class M 2,18 EUR
2020		classe A 2,78 EUR classe E 2,90 EUR classe V 2,88 EUR classe M 2,82 EUR
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## Valuation of financial instruments

Bonds and other debt securities as well as money market instruments in the portfolio were valued at their average price. The valuations have not been adjusted to approximate bid prices, as the difference between bid and ask prices changed significantly over the period, both over time and depending on the nature of the security.
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## Securities lending programme

The following sub-funds were part of the programme as at 31.12.2021:
DPAM INVEST B Equities Euroland
DPAM INVEST B Equities Europe Dividend
DPAM INVEST B Equities Europe Small Caps Sustainable DPAM INVEST B Equities World Dividend
DPAM INVEST B Real Estate Europe Sustainable
DPAM INVEST B Real Estate Europe Dividend Sustainable
A Securities Lending Agreement was signed between JP MORGAN BANK LUXEMBOURG and the SICAV in which JP MORGAN BANK LUXEMBOURG was appointed as lending agent for certain sub-funds of the SICAV.¨
The following monthly average amounts were lent during the reporting period
| Month | Average amount in EUR |
| --- | --- |
| January | 6.079.502,10 |
| February | 461.800,90 |
| March | 0.00 |
| April | 0.00 |
| May | 0.00 |
| June | 0.00 |
| July | 0.00 |
| August | 0.00 |
| September | 0.00 |
| October | 0.00 |
| November | 0.00 |
| December | 0.00 |

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## Investment restrictions and overruns

Between the NAV dates of 7/06/2021 and 18/06/2021, a passive violation of the prospectus was opened in this sub- fund. The violation was caused by the fact that, as a result of a corporate action, the fund received shares in TGA LN Equity (ISIN: ZAE000296554). This is a South African company that is not in the fund's investment universe (0.006% of NAV as of 07/06/2021). The violation has been resolved as the position has been sold.
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## Transparency in sustainability

This information is published in accordance with Article 11 of Regulation (EU) 2019/2088 of 27 November 2019 on sustainability-related disclosures in the financial services sector ("SFDR Regulation"), as amended by Article 25 of Regulation (EU) 2020/852 of 18 June 2020 on the establishment of a framework to promote sustainable investment
and amending Regulation (EU) 2019/2088 ("Taxonomy Regulation"), as well as in respect of the Taxonomy Regulation.
- Extent to which environmental or social characteristics are met
	- Sustainability indicatorsThe sub-fund does not aim for sustainable investment but promotes environmental and social aspects within the meaning of the SFDR Regulation.


The sustainability indicators used to measure compliance with the environmental or social characteristics promoted by this sub-fund correspond to the binding investment restrictions mentioned in the prospectus.
In accordance with these investment restrictions, the sub-fund's portfolio during the period under review had:
- Zero exposure to issuers deemed non-compliant with the 10 principles of the United Nations Global Compact (which are part of the Global Standards) at the time the positions were purchased;
- Zero exposure to issuers involved in controversial activities that meet the exclusion criteria set out in DPAM's Controversial Activities Policy (available at www.dpamfunds.com), both at the time of purchase of the positions and during the time the portfolio positions were held;
- Zero exposure to issuers facing ESG controversies of maximum severity on environmental or social issues at the time of purchase of the positions;More information about the indicators and their methodology can be found in the prospectus and on the website www.dpamfunds.com.
- Use of derivativesThe sub-fund does not use derivatives, if any are held, for the purpose of promoting environmental and/or social characteristics as described in the prospectus.
- Statement on the Taxonomy RegulationThe investments underlying this product do not take into account the European Union's criteria for environmentally sustainable economic activities.
- 
## Transparency of the securities financing transactions and of reuse

In accordance with Article 13 and Section A of the Annex to the EU Regulation 2015/2365, the SICAV must inform investors of the use it makes of securities financing transactions and total return swaps in its annual and half-yearly reports.
The information below is limited to the securities lending activity in view of the fact that the SICAV does not use any other instrument referred to in the Regulation.
- General information1.1.1.

| Sub-fund | Proportion of total assets available for lending |
| --- | --- |
| DPAM INVEST B Equities Europe Dividend | 0.00 % |

1.1.2.
| Sub-fund | Foreign | Securities lent | Proportion of |
| --- | --- | --- | --- |

|  | currency |  | assets under management |
| --- | --- | --- | --- |
| DPAM INVEST B Equities Europe Dividend | EUR | 857.747,62 | 0.00 % |

-  Data on concentration1.2.1. 10 largest issuers of guarantees Not applicable1.2.2 Ten main counterpartiesNot applicable
-  Aggregate transaction data on total return broken down according to:
	- the following categories:

- the type and quality of the guarantee (collateral)
- the maturity of the guarantee broken down into the following maturity ranges: less than one day, one day to one week, one week to one month, one to three months, three months to one year, more than one year, open transactions
- currency of the guaranteenot applicable
- the following categories:
- maturities of the securities financing transactions and total return swaps broken down into the following maturity ranges: less than one day, one day to one week, one week to one month, one to three months, three months to one year, more than one year, open transactionsnot applicable
- countries where the counterparties are established not applicable
- payment and compensation All tri-party
-  Data on the reuse of the guaranteesNot applicable
- Retention of guarantees received by the UCI in connection with securities financing transactions and total returnswapsNot applivable
- Retention of guarantees provided by the UCI in connection with securities financing transactions and total returnswapsNot applicable
- Revenue and cost data for each type of securities financing and total return swap transaction, broken down by UCI, the UCI manager and third parties (for example, the lending agent), at absolute value and as a percentage of the total revenues generated by this type of securities financing and total return swap contract

| DPAM INVEST B Equities Europe Dividend | Redemption transactions | Lending/borrowing of securities or commodities | Buy-sell/Sell- buyback transactions | transactions Loan margin | Total Return Swaps |
| --- | --- | --- | --- | --- | --- |
| Amount | % | Amount | % | Amount | % | Amount | % | Amo unt | % |
| Total return | N/A | N/A | 1.712,23 | 100% | N/A | N/A | N/A | N/A | N/A | N/A |
| Management Company costs | N/A | N/A | 428,06 | 25% | N/A | N/A | N/A | N/A | N/A | N/A |
| Third-party costs (lending agent) | N/A | N/A | 171,22 | 10% | N/A | N/A | N/A | N/A | N/A | N/A |
| Total net return | N/A | N/A | 1,112,95 | 65% | N/A | N/A | N/A | N/A | N/A | N/A |

During the period relating to this report, the sub-fund received EUR 1.541,01 in remuneration from the agent as compensation. The sub-fund paid 27.78% of this amount to Banque Degroof Petercam Luxembourg SA, abbreviated to BDPL, as remuneration for the operational administration of securities lending.
| 8. INFORMATION ABOUT THE SUBFUND DPAM INVEST B EQUITIES EUROPE SUSTAINABLE |
| --- |

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Translation (ENFR, 2021-12-31):
# FRAIS
Frais courants
Le montant des frais courants communiqué est calculé conformément aux dispositions du Règlement 583/2010 de la Commission Européenne du 1er juillet 2010.
Ces frais incluent les frais de transaction pris en charge par le compartiment lorsqu'il souscrit et/ou vend des parts d'un autre fonds mais n'incluent ni (i) les frais supportés par le compartiment lorsqu'il effectue des placements autres que souscriptions/ventes de parts de fonds ni, le cas échéant, (ii) la commission de performance.
Ces frais se basent sur les frais imputés dans la comptabilité des fonds durant un an avant la fin de la période sous revue.
En cas de changement de la structure de coût en cours d'exercice ou lorsque la classe d'action est émise pendant l'exercice comptable, le montant des frais courants communiqué est calculé sur base d'une estimation fondée sur le montant total attendu des frais annuels (lequel pourrait être déterminé par comparaison avec une classe similaire).
Compte tenu du changement de la structure de coût en cours d'exercice, les frais estimés sont :
Classe A - BE0943876665: 0,52 %
Classe B - BE0943877671: 0,53 %
Classe E - BE0948509436: 0,31 %
Classe F - BE0948508420: 0,31 %
Classe J - BE6299413391: 0,21 %
Classe L - BE0948651881: 0,71 %
Classe M - BE6299414407: 0,38 %
Classe N - BE6299415412: 0,33 %
Classe P - BE6254408428: 0,11 %
Classe V - BE6246045213: 0,31 %
Classe W - BE6246046229: 0,31 %
Fee sharing
Au 31 décembre 2021, 20,60% de la rémunération due au gestionnaire a été rétrocédée à d'autres distributeurs, des tierces parties et Banque Degroof Petercam ou l'une de ses filiales.
- NOTES AUX ETATS FINANCIERS ET AUTRES INFORMATIONS
	- 
## Dividendes bruts payés au titre de l’exercice


2019   classe A 0,61 EUR
classe E 0,82 EUR classe V 0,76 EUR classe M 0,75 EUR
- 
## Evaluation des instruments financiers

Les obligations et autres titres de créances ainsi que les instruments du marché monétaire ont été évalués dans le portefeuille au cours moyen. Les évaluations n'ont pas fait l'objet de corrections afin d'obtenir une approximation des cours acheteurs, car la différence entre les cours acheteurs et les cours moyens a connu des variations significatives durant la période, aussi bien dans le temps qu'en fonction de la nature du titre.
- 
## Transparence en matière de durabilité

Déclaration obligatoire conformément à l’article 7 du règlement (UE) 2020/852 du 18 juin 2020 sur l’établissement d’un cadre visant à favoriser les investissements durables et modifiant le règlement (UE) 2019/2088
Les investissements sous-jacents à ce compartiment ne prennent pas en compte les critères de l’Union européenne en matière d’activités économiques durables sur le plan environnemental.
- 
## Transparence des opérations de financement sur titres et de la réutilisation

Conformément à l’article 13 et à la Section A de l’Annexe du Règlement EU 2015/2365 (ci-après le règlement), la Sicav doit informer les investisseurs de l’utilisation qu’elle fait des opérations de financement sur titres et des contrats d’échange sur rendement global dans le rapport annuel et le rapport semestriel.
Le portefeuille ne contient pas d'avoirs prêtés à la date du présent rapport.
| 3. INFORMATIONS SUR LE COMPARTIMENT DPAM INVEST B BONDS EUR IG |
| --- |

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