# 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) | 205,264.75 | 148,182.00 | 77,984.75 | 6,540.00 | 27,809.85 | 56,714.91 | 1,867.68 | 10,264.97 | 48,317.62 |
| B (Cap) | 239,390.92 | 1,497,833.10 | 866,463.82 | 44,791.85 | 334,255.60 | 577,000.06 | 13,819.85 | 264,199.99 | 326,619.93 |
| E (Dis) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| F (Cap) | 98,874.47 | 336,528.35 | 178,650.12 | 25,985.00 | 105,709.00 | 98,926.12 | 19,480.00 | 43,615.00 | 74,791.12 |
| I | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| J (Cap) | 22,947.56 | 21,717.87 | 0.00 | 0.00 | 1,229.68 | 0.00 | 0.00 | 0.00 | 0.00 |
| M (Dis) | 141,292.07 | 32,449.46 | 108,842.61 | 13,693.00 | 47,852.76 | 74,682.86 | 17,874.55 | 41,787.82 | 50,769.59 |
| N (Cap) | 858,864.57 | 139,429.21 | 719,435.37 | 32,951.68 | 269,519.84 | 482,867.20 | 80,776.01 | 221,985.44 | 341,657.77 |
| P (Cap) | 16,502.00 | 41,227.00 | 3,197.00 | 132.00 | 2,404.00 | 925.00 | 14.00 | 931.00 | 8.00 |
| TOTAL |  |  | 1,954,573.67 |  |  | 1,291,116.15 |  |  | 842,164.03 |

| 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) | 23,582,791.34 | 16,904,174.91 | 705,555.00 | 2,972,847.81 | 165,953.88 | 1,069,779.98 |
| B (Cap) | 27,707,593.65 | 172,196,173.95 | 5,206,455.41 | 38,601,393.61 | 1,581,681.08 | 31,233,378.78 |
| E (Dis) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| F (Cap) | 44,759,500.75 | 154,757,170.15 | 11,834,757.35 | 48,716,934.47 | 8,751,587.80 | 19,802,846.53 |
| I | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| J (Cap) | 573,688,875.00 | 567,748,166.00 | 0.00 | 30,249,941.07 | 0.00 | 0.00 |
| M (Dis) | 16,043,481.26 | 3,683,524.43 | 1,551,017.00 | 5,302,553.48 | 1,783,682.48 | 4,684,032.55 |
| N (Cap) | 98,968,849.74 | 16,021,643.87 | 3,798,769.11 | 31,322,872.77 | 9,985,294.78 | 25,213,464.75 |
| P (Cap) | 262,742,127.46 | 642,743,953.97 | 2,240,733.08 | 41,715,749.91 | 254,525.48 | 14,025,214.28 |
| TOTAL | 1,047,493,219.20 | 1,574,054,807.28 | 25,337,286.95 | 198,882,293.12 | 22,522,725.50 | 96,028,716.87 |

| 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) | 325,408,468.43 | 98.97 | 220,412,968.72 | 121.21 | 136,573,907.09 | 117.53 |
| B (Cap) | 101.41 | 128.41 | 127.97 |
| E (Dis) | 0.00 | 0.00 | 0.00 |
| F (Cap) | 410.43 | 521.18 | 520.84 |
| I | 0.00 | 0.00 | 0.00 |
| J (Cap) | 0.00 | 0.00 | 0.00 |
| M (Dis) | 99.17 | 121.39 | 117.59 |
| N (Cap) | 101.62 | 129.00 | 128.87 |
| P (Cap) | 14,038.42 | 17,872.35 | 17,906.77 |
| TOTAL | 325,408,468.43 |  | 220,412,968.72 |  | 136,573,907.09 |  |

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.
4.3%
4.3%
4.4%
4.4%
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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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