# EVOLUTION OF SUBSCRIPTIONS, REDEMPTIONS AND THE NET ASSET VALUE
| Evolution of the number of shares in circulation |
| --- |
|  | 31 December 2018 | 31 December 2019 | 31 December 2020 |
| Class | Subscriptions | Redemptions | End of Period | Subscriptions | Redemptions | End of Period | Subscriptions | Redemptions | End of Period |
| A | 78,729.79 | 88,858.61 | 432,558.80 | 7,774.49 | 57,964.70 | 382,368.58 | 25,618.92 | 46,521.46 | 361,466.04 |
| B | 87,291.26 | 89,012.29 | 681,185.83 | 45,604.90 | 70,671.60 | 656,119.13 | 115,832.38 | 54,490.79 | 717,460.72 |
| F | 9,555.55 | 0.00 | 10,378.55 | 3,694.71 | 3,079.45 | 10,993.80 | 18,541.91 | 1,990.06 | 27,545.65 |
| M | 52,980.37 | 12,374.41 | 52,880.96 | 2,615.35 | 4,194.41 | 51,301.89 | 12,865.00 | 10,784.72 | 53,382.18 |
| N | 23,238.80 | 14,228.69 | 17,060.26 | 4,180.00 | 6,399.45 | 14,840.81 | 7,203.00 | 11,109.71 | 10,934.10 |
| TOTAL |  |  | 1,194,064.39 |  |  | 1,115,624.22 |  |  | 1,170,788.70 |

| Payable and receivable amounts for the UCI |
| --- |
| EUR |
|  | 31 December 2018 | 31 December 2019 | 31 December 2020 |
| Class | Subscriptions | Redemptions | Subscriptions | Redemptions | Subscriptions | Redemptions |
| A | 12,257,431.16 | 13,646,839.75 | 1,228,431.98 | 9,018,734.14 | 4,210,402.08 | 7,488,431.89 |
| B | 14,579,729.55 | 14,615,860.03 | 7,789,285.45 | 11,950,932.58 | 21,290,770.22 | 10,032,301.42 |
| F | 1,580,964.57 | 0.00 | 618,565.60 | 532,696.60 | 3,369,697.73 | 352,155.39 |
| M | 8,140,057.82 | 1,932,204.40 | 407,198.29 | 635,778.37 | 2,156,201.35 | 1,762,866.20 |
| N | 3,841,668.19 | 2,403,234.43 | 749,878.90 | 1,085,761.40 | 1,364,142.98 | 2,131,632.24 |
| TOTAL | 40,399,851.29 | 32,598,138.61 | 10,793,360.22 | 23,223,903.09 | 32,391,214.36 | 21,767,387.14 |

| net asset value |
| --- |
| EUR |
|  | 31 December 2018 | 31 December 2019 | 31 December 2020 |
| Class | of the subfund | Per share | of the subfund | Per share | of the subfund | Per share |
| A | 176,604,145.64 | 141.10 | 198,145,291.88 | 167.37 | 225,443,397.83 | 179.99 |
| B | 152.47 | 183.97 | 199.21 |
| F | 153.38 | 186.13 | 202.87 |
| M | 141.85 | 168.30 | 180.75 |
| N | 153.29 | 186.02 | 202.66 |
| TOTAL | 176,604,145.64 |  | 198,145,291.88 |  | 225,443,397.83 |  |

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 services department.
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Translation (ENFR, 2020-12-31):
# EVOLUTION DES SOUSCRIPTIONS, DES REMBOURSEMENTS ET DE LA VALEUR NETTE D’INVENTAIRE
| Evolution du nombre d'actions en circulation |
| --- |
|  | 31 décembre 2018 | 31 décembre 2019 | 31 décembre 2020 |
| Classe | Souscrites | Remboursées | Fin de période | Souscrites | Remboursées | Fin de période | Souscrites | Remboursées | Fin de période |
| A | 0,00 | 0,00 | 6,79 | 2,00 | 0,00 | 8,79 | 0,00 | 0,00 | 8,79 |
| B | 0,00 | 0,00 | 1.477,00 | 0,00 | 0,00 | 1.477,00 | 0,00 | 0,00 | 1.477,00 |
| TOTAL |  |  | 1.483,79 |  |  | 1.485,79 |  |  | 1.485,79 |

| Montants payés et reçus par l’OPC |
| --- |
| EUR |
|  | 31 décembre 2018 | 31 décembre 2019 | 31 décembre 2020 |
| Classe | Souscrites | Remboursées | Souscrites | Remboursées | Souscrites | Remboursées |
| A | 0,00 | 0,00 | 31.064,78 | 0,00 | 0,00 | 0,00 |
| B | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 |
| TOTAL | 0,00 | 0,00 | 31.064,78 | 0,00 | 0,00 | 0,00 |

| Valeur nette d'inventaire |
| --- |
| EUR |
|  | 31 décembre 2018 | 31 décembre 2019 | 31 décembre 2020 |
| Classe | du compartiment | d'une action | du compartiment | d'une action | du compartiment | d'une action |
| A | 25.792.926,64 | 14.718,58 | 29.553.879,22 | 16.457,45 | 30.373.668,01 | 16.696,18 |
| B | 17.395,41 | 19.911,48 | 20.465,09 |
| TOTAL | 25.792.926,64 |  | 29.553.879,22 |  | 30.373.668,01 |  |


## 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.
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