# 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 | 49,497.22 | 171,568.88 | 662,804.88 | 54,043.19 | 95,920.75 | 620,927.32 | 28,813.50 | 69,578.63 | 580,162.19 |
| B | 104,392.08 | 111,598.46 | 548,096.49 | 60,865.35 | 65,673.08 | 543,288.75 | 17,327.34 | 85,282.26 | 475,333.83 |
| F | 7,847.50 | 0.00 | 7,847.50 | 3,894.65 | 0.48 | 11,741.67 | 157,268.80 | 6,334.20 | 162,676.27 |
| M | 20,839.62 | 24,209.00 | 60,369.62 | 5,817.66 | 19,954.00 | 46,233.29 | 13,487.00 | 11,629.29 | 48,091.00 |
| N | 9,824.35 | 15,193.50 | 28,407.15 | 0.00 | 1,750.00 | 26,657.15 | 0.00 | 850.00 | 25,807.15 |
| TOTAL |  |  | 1,307,525.64 |  |  | 1,248,848.18 |  |  | 1,292,070.45 |

| 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 | 6,179,550.67 | 21,204,214.77 | 7,061,027.42 | 12,099,348.54 | 3,674,801.73 | 8,972,830.70 |
| B | 13,809,782.23 | 14,599,512.62 | 8,504,449.38 | 9,019,791.54 | 2,415,515.98 | 11,482,392.47 |
| F | 1,039,876.62 | 0.00 | 538,845.59 | 64.34 | 20,418,369.16 | 909,996.66 |
| M | 2,584,886.67 | 3,019,800.09 | 755,998.68 | 2,574,564.08 | 1,745,644.64 | 1,490,769.19 |
| N | 1,299,974.43 | 2,011,931.91 | 0.00 | 234,857.00 | 0.00 | 122,650.00 |
| TOTAL | 24,914,070.62 | 40,835,459.39 | 16,860,321.07 | 23,928,625.50 | 28,254,331.51 | 22,978,639.02 |

| 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 | 161,405,949.59 | 119.60 | 170,472,949.06 | 131.74 | 182,804,082.90 | 135.31 |
| B | 128.13 | 141.86 | 146.84 |
| F | 128.47 | 142.79 | 148.42 |
| M | 120.05 | 132.26 | 135.78 |
| N | 128.62 | 142.94 | 148.48 |
| TOTAL | 161,405,949.59 |  | 170,472,949.06 |  | 182,804,082.90 |  |

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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