# 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 (Dis) | 46,651.83 | 850.00 | 45,801.83 | 22,959.72 | 10,351.93 | 58,409.61 | 7,529.97 | 23,791.79 | 42,147.79 |
| B (Cap) | 707,913.78 | 24,064.10 | 683,849.67 | 100,430.56 | 96,259.18 | 688,021.05 | 130,333.28 | 301,384.56 | 516,969.77 |
| E (Dis) | 19,000.00 | 0.00 | 19,000.00 | 400.00 | 19,000.00 | 400.00 | 200.00 | 600.00 | 0.00 |
| F (Cap) | 776,676.69 | 21,996.00 | 754,680.69 | 271,952.75 | 267,525.20 | 759,108.23 | 284,465.10 | 640,703.36 | 402,869.97 |
| J (Cap) | 134.00 | 0.00 | 134.00 | 0.00 | 50.00 | 84.00 | 0.00 | 25.00 | 59.00 |
| M (Dis) | 1,930.09 | 0.00 | 1,930.09 | 5,556.00 | 0.00 | 7,486.09 | 0.00 | 0.00 | 7,486.09 |
| N (Cap) | 151,968.55 | 4,735.02 | 147,233.53 | 18,490.71 | 17,776.51 | 147,947.73 | 53,061.00 | 41,896.10 | 159,112.63 |
| P (Cap) | 128.00 | 0.00 | 128.00 | 0.00 | 0.00 | 128.00 | 12.00 | 0.00 | 140.00 |
| TOTAL |  |  | 1,652,757.81 |  |  | 1,661,584.72 |  |  | 1,128,785.25 |

| 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 (Dis) | 3,283,283.90 | 59,935.25 | 1,756,059.64 | 801,020.12 | 532,333.68 | 1,609,359.80 |
| B (Cap) | 52,730,096.64 | 1,813,620.21 | 8,165,194.43 | 7,938,150.94 | 9,502,599.90 | 22,378,093.40 |
| E (Dis) | 1,334,154.54 | 0.00 | 30,508.00 | 1,558,380.00 | 11,912.00 | 42,402.00 |
| F (Cap) | 58,365,764.70 | 1,650,737.60 | 21,957,419.73 | 23,123,129.08 | 20,428,310.94 | 47,701,782.64 |
| J (Cap) | 37,858,580.14 | 0.00 | 0.00 | 14,853,068.50 | 0.00 | 6,351,056.63 |
| M (Dis) | 137,657.05 | 0.00 | 441,798.76 | 0.00 | 0.00 | 0.00 |
| N (Cap) | 11,525,712.08 | 362,668.15 | 1,511,298.13 | 1,502,744.18 | 4,417,491.40 | 3,122,906.72 |
| P (Cap) | 36,503,038.60 | 0.00 | 0.00 | 0.00 | 3,945,312.96 | 0.00 |
| TOTAL | 201,738,287.65 | 3,886,961.21 | 33,862,278.69 | 49,776,492.82 | 38,837,960.88 | 81,205,601.19 |

| 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 (Dis) | 191,123,460.19 | 67.89 | 219,163,987.55 | 82.96 | 149,243,559.14 | 71.53 |
| B (Cap) | 71.70 | 87.82 | 77.92 |
| E (Dis) | 68.13 | 84.32 | 0.00 |
| F (Cap) | 72.90 | 89.76 | 80.08 |
| J (Cap) | 274,275.10 | 338,595.19 | 302,825.03 |
| M (Dis) | 68.06 | 83.55 | 71.86 |
| N (Cap) | 72.03 | 88.66 | 79.07 |
| P (Cap) | 274,850.34 | 340,154.66 | 304,981.27 |
| TOTAL | 191,123,460.19 |  | 219,163,987.55 |  | 149,243,559.14 |  |

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 (Dis) | 3.768,00 | 15.098,00 | 6.909,00 | 322,26 | 806,00 | 6.425,26 | 58,00 | 5.012,00 | 1.471,26 |
| B (Cap) | 6.452,00 | 14.976,00 | 15.543,00 | 1.500,00 | 5.066,00 | 11.977,00 | 859,00 | 6.146,00 | 6.690,00 |
| E (Dis) | 0,00 | 0,00 | 0,00 | 44.000,00 | 0,00 | 44.000,00 | 0,00 | 44.000,00 | 0,00 |
| F (Cap) | 171.560,51 | 293.280,00 | 418.532,51 | 71.702,00 | 194.881,00 | 295.353,51 | 22.100,07 | 188.196,15 | 129.257,43 |
| I (Dis) | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 |
| J (Cap) | 4.519,00 | 0,00 | 4.519,00 | 0,00 | 0,00 | 4.519,00 | 549,00 | 2.150,00 | 2.918,00 |
| M (Dis) | 6.920,90 | 495,00 | 6.425,90 | 0,00 | 259,94 | 6.165,96 | 0,00 | 3.372,39 | 2.793,58 |
| N (Cap) | 2.379,38 | 204,98 | 2.174,40 | 0,00 | 129,96 | 2.044,44 | 0,00 | 85,00 | 1.959,44 |
| P (Cap) | 4.055,00 | 1.289,00 | 3.645,00 | 22,00 | 1.401,00 | 2.266,00 | 112,00 | 320,00 | 2.058,00 |
| V (Dis) | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 |
| W (Cap) | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 |
| Z | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 |
| TOTAL |  |  | 457.748,81 |  |  | 372.751,17 |  |  | 147.147,71 |

| 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 (Dis) | 1.669.068,01 | 6.662.095,59 | 143.223,36 | 359.311,38 | 26.255,80 | 2.192.822,23 |
| B (Cap) | 3.109.384,57 | 7.192.165,24 | 745.260,00 | 2.510.477,49 | 430.512,79 | 3.042.215,03 |
| E (Dis) | 0,00 | 0,00 | 19.901.640,00 | 0,00 | 0,00 | 19.067.840,00 |
| F (Cap) | 83.395.028,13 | 141.940.901,64 | 35.778.036,90 | 97.252.001,28 | 11.211.559,13 | 94.740.106,87 |
| I (Dis) | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 |
| J (Cap) | 113.804.780,03 | 0,00 | 0,00 | 0,00 | 14.341.053,70 | 55.681.167,25 |
| M (Dis) | 3.052.388,54 | 215.654,40 | 0,00 | 117.329,88 | 0,00 | 1.500.974,65 |
| N (Cap) | 1.150.272,04 | 97.824,48 | 0,00 | 63.191,59 | 0,00 | 42.675,10 |
| P (Cap) | 102.844.935,60 | 32.683.200,83 | 580.662,50 | 35.968.588,03 | 2.957.754,22 | 8.485.975,20 |
| V (Dis) | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 |
| W (Cap) | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 |
| Z | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 |
| TOTAL | 309.025.856,92 | 188.791.842,18 | 57.148.822,76 | 136.270.899,65 | 28.967.135,64 | 184.753.776,33 |

| 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 (Dis) | 425.466.747,65 | 440,13 | 359.399.169,07 | 449,42 | 206.289.009,66 | 451,60 |
| B (Cap) | 481,00 | 496,25 | 505,15 |
| E (Dis) | 0,00 | 449,56 | 0,00 |
| F (Cap) | 486,03 | 502,47 | 512,48 |
| I (Dis) | 0,00 | 0,00 | 0,00 |
| J (Cap) | 25.427,19 | 26.308,91 | 26.854,36 |
| M (Dis) | 440,67 | 449,81 | 451,75 |
| N (Cap) | 481,63 | 497,74 | 507,47 |
| P (Cap) | 25.444,25 | 26.346,32 | 26.912,72 |
| V (Dis) | 0,00 | 0,00 | 0,00 |
| W (Cap) | 0,00 | 0,00 | 0,00 |
| Z | 0,00 | 0,00 | 0,00 |
| TOTAL | 425.466.747,65 |  | 359.399.169,07 |  | 206.289.009,66 |  |

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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