# from 1 January 2020 to the 31 December 2020
|  |  |  |
| --- | --- | --- |
|  | Notes | Combined (in EUR) |
|  |
| Income |  |  |
| Dividends | 1e | 5,710,440.03 |
| Interest on bonds | 1e | 182,366,516.01 |
| Interest on IRS |  | 133,687.79 |
| Dividends on CDS |  | 3,031,572.08 |
| Interest on cash accounts |  | 514,901.99 |
| Commission on subscriptions and redemptions | 4,8 | 2,186,475.02 |
| Tax claim |  | 121,358.59 |
| Other income |  | 4,229.94 |
| Total Income |  | 194,069,181.45 |
| Expenses |  |  |
| Performance fee | 5 | 1,644,324.45 |
| Management Fee | 5 | 21,835,419.49 |
| Depositary fees |  | 1,545,565.68 |
| Subscription tax | 6 | 1,554,217.12 |
| Administration fees |  | 8,121,500.84 |
| Miscellaneous fees |  | 1,167,973.48 |
| Transaction fees |  | 4,416,172.54 |
| Interest on IRS |  | 41,141.09 |
| Interest expenses on CDS |  | 5,624,533.71 |
| Overdraft interest |  | 1,275,991.39 |
| Taxes paid to foreign authorities |  | 198,917.27 |
| Total Expenses |  | 47,425,757.06 |
| Net Profit / (Loss) |  | 146,643,424.39 |
| Net Realised Profit / (Loss) |  |  |
| - on investments | 1b | -85,246,983.88 |
| - on currencies |  | -5,057,498.03 |
| - on forward exchange contracts |  | 11,413,318.21 |
| - on futures |  | -26,036,077.42 |
| - on IRS and CDS |  | 24,827,115.32 |
| Total Net Realised Profit / (Loss) |  | 66,543,298.59 |
| Change in Net Unrealised Appreciation or Depreciation |  |  |
| - on investments | 1d | 12,928,734.05 |
| - on forward exchange contracts |  | -8,387,675.59 |
| - on futures |  | -10,154,056.76 |
| - on IRS and CDS |  | -3,097,487.39 |
| Result of operations |  | 57,832,812.90 |
| - Subscriptions |  | 3,981,521,904.99 |
| - Redemptions |  | -2,149,887,219.91 |
| Dividends paid | 12 | -26,250,575.93 |
| Net changes in Net Assets |  | 1,863,216,922.05 |
| Net assets at the beginning of the year |  | 6,217,537,297.18 |
| Net assets at the end of the year |  | 8,080,754,219.23 |

|  |
| --- |
| DPAM L BONDS EUR QUALITY SUSTAINABLE |
|  |
|  | Notes | Value (in EUR) |
|  |
| Assets |  |  |
| Investments in securities | 1a | 1,426,708,794.26 |
| Cash at banks |  | 11,202,085.05 |
| Interest receivable on cash account |  | 0.00 |
| Interest receivable on bonds |  | 10,673,024.16 |
| Dividends receivable on shares |  | 0.00 |
| Amounts receivable on subscriptions |  | 4,493,862.23 |
| Amounts receivable on investment sold |  | 0.00 |
| Amounts receivable on spot exchange contracts |  | 0.00 |
| Unrealised gain on forward exchange contracts | 9 | 0.00 |
| Amounts receivable from the broker on futures |  | 0.00 |
| Unrealised gains on IRS | 11 | 0.00 |
| Futures guaranty deposit | 10 | 1,775,146.30 |
| Collateral on OTC derivatives | 9,11 | 2,410,000.00 |
| Total Assets |  | 1,457,262,912.00 |
| Liabilities |  |  |
| Taxes and Expenses payable | 3 | 1,200,611.77 |
| Overdraft at banks |  | 0.00 |
| Overdraft interest |  | 6,177.31 |
| Interest payable on CDS |  | 33,333.33 |
| Amounts payable on redemptions |  | 136,156.60 |
| Amounts payable on purchases of investments |  | 0.00 |
| Amounts payable on spot exchange contracts |  | 0.00 |
| Amounts payable on IRS |  | 0.00 |
| Unrealised Loss on Forward Exchange Contracts | 9 | 0.00 |
| Amounts payable to the broker on futures |  | 0.00 |
| Unrealised Loss on IRS | 11 | 0.00 |
| Unrealised loss on CDS | 11 | 2,605,098.00 |
| Total Liabilities |  | 3,981,377.01 |
| Net assets at the end of the year |  | 1,453,281,534.99 |
| Number of Shares Outstanding (at the end of the exercice) |  |  |
| - A |  | 175,040.594 |
| - B |  | 56,273.660 |
| - E |  | 20,053.693 |
| - F |  | 677,589.257 |
| - J |  | 20,092.881 |
| - L |  | 1,913.000 |
| - M |  | 608,412.577 |
| - N |  | 4,172.735 |
| - P |  | 480,699.000 |
| - W |  | 6,910.881 |
| Net Asset Value per Share (at the end of the exercice) |  |  |
| - A |  | 151.89 |
| - B |  | 602.85 |
| - E |  | 452.50 |
| - F |  | 629.36 |
| - J |  | 26,747.59 |
| - L |  | 552.04 |
| - M |  | 153.30 |
| - N |  | 608.38 |
| - P |  | 662.93 |
| - W |  | 618.70 |

|  |
| --- |
| DPAM L BONDS UNIVERSALIS UNCONSTRAINED |
|  |
|  | Notes | Value (in EUR) |
|  |
| Assets |  |  |
| Investments in securities | 1a | 1,205,184,459.28 |
| Cash at banks |  | 20,096,450.11 |
| Interest receivable on cash account |  | 0.00 |
| Interest receivable on bonds |  | 7,258,880.26 |
| Dividends receivable on shares |  | 0.00 |
| Amounts receivable on subscriptions |  | 92,732.97 |
| Amounts receivable on investment sold |  | 3,137,113.45 |
| Amounts receivable on spot exchange contracts |  | 7,750,000.00 |
| Unrealised gain on forward exchange contracts | 9 | 0.00 |
| Amounts receivable from the broker on futures |  | 0.00 |
| Unrealised gains on IRS | 11 | 0.00 |
| Futures guaranty deposit | 10 | 3,520,427.59 |
| Collateral on OTC derivatives | 9,11 | 3,230,000.00 |
| Total Assets |  | 1,250,270,063.66 |
| Liabilities |  |  |
| Taxes and Expenses payable | 3 | 1,542,806.42 |
| Overdraft at banks |  | 0.00 |
| Overdraft interest |  | 6,170.50 |
| Interest payable on CDS |  | 72,777.77 |
| Amounts payable on redemptions |  | 237,395.77 |
| Amounts payable on purchases of investments |  | 0.00 |
| Amounts payable on spot exchange contracts |  | 7,757,881.68 |
| Amounts payable on IRS |  | 0.00 |
| Unrealised Loss on Forward Exchange Contracts | 9 | 0.00 |
| Amounts payable to the broker on futures |  | 0.00 |
| Unrealised Loss on IRS | 11 | 0.00 |
| Unrealised loss on CDS | 11 | 3,187,996.00 |
| Total Liabilities |  | 12,805,028.14 |
| Net assets at the end of the year |  | 1,237,465,035.52 |

|  |
| --- |
| DPAM L BONDS UNIVERSALIS UNCONSTRAINED |
|  |
|  | Notes | Value (in EUR) |
|  |
| Number of Shares Outstanding (at the end of the exercice) |  |  |
| - A | 393,087.761 |
| - B | 464,736.593 |
| - B CHF | 328.000 |
| - E | 171,813.153 |
| - F | 2,907,916.620 |
| - J | 7,765.702 |
| - M | 742,892.326 |
| - N | 34,741.923 |
| - P | 683,890.000 |
| - V | 2,897.632 |
| - W | 216,525.433 |
| Net Asset Value per Share (at the end of the exercice) |  |
| - A | 145.65 |
| - B | 181.30 |
| - B CHF | 184.01 |
| - E | 127.43 |
| - F | 189.79 |
| - J | 29,257.42 |
| - M | 147.42 |
| - N | 183.35 |
| - P | 202.08 |
| - V | 156.49 |
| - W | 186.42 |

|  |
| --- |
| DPAM L BONDS HIGHER YIELD |
|  |
|  | Notes | Value (in EUR) |
|  |
| Assets |  |  |
| Investments in securities | 1a | 196,958,782.54 |
| Cash at banks |  | 6,357,161.13 |
| Interest receivable on cash account |  | 0.00 |
| Interest receivable on bonds |  | 2,761,368.53 |
| Dividends receivable on shares |  | 0.00 |
| Amounts receivable on subscriptions |  | 3,284.37 |
| Amounts receivable on investment sold |  | 0.00 |
| Amounts receivable on spot exchange contracts |  | 0.00 |
| Unrealised gain on forward exchange contracts | 9 | 435,154.42 |
| Amounts receivable from the broker on futures |  | 0.00 |
| Unrealised gains on IRS | 11 | 0.00 |
| Futures guaranty deposit | 10 | 0.00 |
| Collateral on OTC derivatives | 9,11 | 0.00 |
| Total Assets |  | 206,515,750.99 |
| Liabilities |  |  |
| Taxes and Expenses payable | 3 | 485,214.27 |
| Overdraft at banks |  | 2,678,811.29 |
| Overdraft interest |  | 1,349.23 |
| Interest payable on CDS |  | 0.00 |
| Amounts payable on redemptions |  | 8,196.13 |
| Amounts payable on purchases of investments |  | 0.00 |
| Amounts payable on spot exchange contracts |  | 0.00 |
| Amounts payable on IRS |  | 0.00 |
| Unrealised Loss on Forward Exchange Contracts | 9 | 0.00 |
| Amounts payable to the broker on futures |  | 0.00 |
| Unrealised Loss on IRS | 11 | 0.00 |
| Unrealised loss on CDS | 11 | 0.00 |
| Total Liabilities |  | 3,173,570.92 |
| Net assets at the end of the year |  | 203,342,180.07 |

|  |
| --- |
| DPAM L BONDS HIGHER YIELD |
|  |
|  | Notes | Value (in EUR) |
|  |
| Number of Shares Outstanding (at the end of the exercice) |  |  |
| - A | 1,011,479.663 |
| - B | 120,162.670 |
| - B CHF | 187.899 |
| - E | 189,890.858 |
| - F | 98,329.675 |
| - M | 145,367.532 |
| - N | 4,447.489 |
| - P | 33,452.000 |
| - V | 4,657.002 |
| - W | 3,796.081 |
| Net Asset Value per Share (at the end of the exercice) |  |
| - A | 91.28 |
| - B | 288.74 |
| - B CHF | 306.88 |
| - E | 104.13 |
| - F | 303.57 |
| - M | 92.46 |
| - N | 292.02 |
| - P | 307.93 |
| - V | 100.82 |
| - W | 298.09 |

|  |
| --- |
| DPAM L BONDS GOVERNMENT SUSTAINABLE HEDGED |
|  |
|  | Notes | Value (in EUR) |
|  |
| Assets |  |  |
| Investments in securities | 1a | 767,959,939.52 |
| Cash at banks |  | 23,114,519.48 |
| Interest receivable on cash account |  | 0.00 |
| Interest receivable on bonds |  | 3,789,486.98 |
| Dividends receivable on shares |  | 0.00 |
| Amounts receivable on subscriptions |  | 799,481.68 |
| Amounts receivable on investment sold |  | 0.00 |
| Amounts receivable on spot exchange contracts |  | 0.00 |
| Unrealised gain on forward exchange contracts | 9 | 0.00 |
| Amounts receivable from the broker on futures |  | 0.00 |
| Unrealised gains on IRS | 11 | 0.00 |
| Futures guaranty deposit | 10 | 247,035.50 |
| Collateral on OTC derivatives | 9,11 | 8,540,000.00 |
| Total Assets |  | 804,450,463.16 |
| Liabilities |  |  |
| Taxes and Expenses payable | 3 | 652,563.19 |
| Overdraft at banks |  | 0.00 |
| Overdraft interest |  | 10,902.71 |
| Interest payable on CDS |  | 0.00 |
| Amounts payable on redemptions |  | 849,803.68 |
| Amounts payable on purchases of investments |  | 0.00 |
| Amounts payable on spot exchange contracts |  | 0.00 |
| Amounts payable on IRS |  | 0.00 |
| Unrealised Loss on Forward Exchange Contracts | 9 | 10,789,190.02 |
| Amounts payable to the broker on futures |  | 0.00 |
| Unrealised Loss on IRS | 11 | 0.00 |
| Unrealised loss on CDS | 11 | 0.00 |
| Total Liabilities |  | 12,302,459.60 |
| Net assets at the end of the year |  | 792,148,003.56 |

|  |
| --- |
| DPAM L BONDS GOVERNMENT SUSTAINABLE HEDGED |
|  |
|  | Notes | Value (in EUR) |
|  |
| Number of Shares Outstanding (at the end of the exercice) |  |  |
| - A | 7,983.746 |
| - B | 25,373.563 |
| - E | 9,141.995 |
| - F | 275,016.528 |
| - J | 6,352.841 |
| - L | 1,391.639 |
| - M | 19,229.585 |
| - N | 170.000 |
| - P | 14,049.000 |
| - V | 2,093.556 |
| - W | 24,449.296 |
| Net Asset Value per Share (at the end of the exercice) |  |
| - A | 1,383.82 |
| - B | 1,399.45 |
| - E | 1,419.50 |
| - F | 1,700.10 |
| - J | 27,356.05 |
| - L | 1,379.48 |
| - M | 1,392.39 |
| - N | 1,408.61 |
| - P | 1,750.42 |
| - V | 1,428.59 |
| - W | 1,421.39 |

|  |
| --- |
| DPAM L EQUITIES CONVICTION RESEARCH |
|  |
|  | Notes | Value (in EUR) |
|  |
| Assets |  |  |
| Investments in securities | 1a | 323,570,731.11 |
| Cash at banks |  | 5,424,190.57 |
| Interest receivable on cash account |  | 0.00 |
| Interest receivable on bonds |  | 0.00 |
| Dividends receivable on shares |  | 0.00 |
| Amounts receivable on subscriptions |  | 13,313.76 |
| Amounts receivable on investment sold |  | 0.00 |
| Amounts receivable on spot exchange contracts |  | 0.00 |
| Unrealised gain on forward exchange contracts | 9 | 0.00 |
| Amounts receivable from the broker on futures |  | 0.00 |
| Unrealised gains on IRS | 11 | 0.00 |
| Futures guaranty deposit | 10 | 0.00 |
| Collateral on OTC derivatives | 9,11 | 0.00 |
| Total Assets |  | 329,008,235.44 |
| Liabilities |  |  |
| Taxes and Expenses payable | 3 | 551,488.38 |
| Overdraft at banks |  | 0.00 |
| Overdraft interest |  | 3,197.83 |
| Interest payable on CDS |  | 0.00 |
| Amounts payable on redemptions |  | 33,284.40 |
| Amounts payable on purchases of investments |  | 0.00 |
| Amounts payable on spot exchange contracts |  | 0.00 |
| Amounts payable on IRS |  | 0.00 |
| Unrealised Loss on Forward Exchange Contracts | 9 | 0.00 |
| Amounts payable to the broker on futures |  | 0.00 |
| Unrealised Loss on IRS | 11 | 0.00 |
| Unrealised loss on CDS | 11 | 0.00 |
| Total Liabilities |  | 587,970.61 |
| Net assets at the end of the year |  | 328,420,264.83 |
| Number of Shares Outstanding (at the end of the exercice) |  |  |
| - A |  | 2,421.870 |
| - B |  | 14,998.025 |
| - F |  | 26,157.887 |
| - J |  | 7,074.659 |
| - M |  | 22,500.571 |
| - N |  | 3,776.642 |
| - P |  | 2,708.000 |
| Net Asset Value per Share (at the end of the exercice) |  |  |
| - A |  | 1,088.33 |
| - B |  | 1,323.42 |
| - F |  | 112.60 |
| - J |  | 28,410.50 |
| - M |  | 1,105.43 |
| - N |  | 1,342.54 |
| - P |  | 26,607.39 |

|  |
| --- |
| DPAM L BONDS EUR HIGH YIELD SHORT TERM |
|  |
|  | Notes | Value (in EUR) |
|  |
| Assets |  |  |
| Investments in securities | 1a | 327,164,110.87 |
| Cash at banks |  | 11,837,899.70 |
| Interest receivable on cash account |  | 0.00 |
| Interest receivable on bonds |  | 4,573,539.73 |
| Dividends receivable on shares |  | 0.00 |
| Amounts receivable on subscriptions |  | 0.00 |
| Amounts receivable on investment sold |  | 0.00 |
| Amounts receivable on spot exchange contracts |  | 0.00 |
| Unrealised gain on forward exchange contracts | 9 | 0.00 |
| Amounts receivable from the broker on futures |  | 0.00 |
| Unrealised gains on IRS | 11 | 0.00 |
| Futures guaranty deposit | 10 | 0.00 |
| Collateral on OTC derivatives | 9,11 | 0.00 |
| Total Assets |  | 343,575,550.30 |
| Liabilities |  |  |
| Taxes and Expenses payable | 3 | 409,187.66 |
| Overdraft at banks |  | 0.00 |
| Overdraft interest |  | 3,644.39 |
| Interest payable on CDS |  | 0.00 |
| Amounts payable on redemptions |  | 30,938.11 |
| Amounts payable on purchases of investments |  | 0.00 |
| Amounts payable on spot exchange contracts |  | 0.00 |
| Amounts payable on IRS |  | 0.00 |
| Unrealised Loss on Forward Exchange Contracts | 9 | 0.00 |
| Amounts payable to the broker on futures |  | 0.00 |
| Unrealised Loss on IRS | 11 | 0.00 |
| Unrealised loss on CDS | 11 | 0.00 |
| Total Liabilities |  | 443,770.16 |
| Net assets at the end of the year |  | 343,131,780.14 |

|  |
| --- |
| DPAM L BONDS EUR HIGH YIELD SHORT TERM |
|  |
|  | Notes | Value (in EUR) |
|  |
| Number of Shares Outstanding (at the end of the exercice) |  |  |
| - A | 190,086.186 |
| - B | 174,137.377 |
| - E | 164,050.909 |
| - F | 1,155,568.332 |
| - F CHF | 1,600.000 |
| - J | 2,525.153 |
| - L | 4,083.403 |
| - M | 118,700.939 |
| - N | 93,541.789 |
| - P | 114,888.000 |
| - V | 837.387 |
| - W | 84,253.892 |
| Net Asset Value per Share (at the end of the exercice) |  |
| - A | 108.22 |
| - B | 135.25 |
| - E | 112.59 |
| - F | 140.34 |
| - F CHF | 151.48 |
| - J | 25,094.22 |
| - L | 133.17 |
| - M | 109.22 |
| - N | 136.34 |
| - P | 145.81 |
| - V | 109.70 |
| - W | 138.51 |

|  |
| --- |
| DPAM L PATRIMONIAL FUND |
|  |
|  | Notes | Value (in EUR) |
|  |
| Assets |  |  |
| Investments in securities | 1a | 188,771,834.60 |
| Cash at banks |  | 5,772,131.18 |
| Interest receivable on cash account |  | 0.00 |
| Interest receivable on bonds |  | 1,009,104.04 |
| Dividends receivable on shares |  | 2,755.94 |
| Amounts receivable on subscriptions |  | 0.00 |
| Amounts receivable on investment sold |  | 0.00 |
| Amounts receivable on spot exchange contracts |  | 0.00 |
| Unrealised gain on forward exchange contracts | 9 | 0.00 |
| Amounts receivable from the broker on futures |  | 0.00 |
| Unrealised gains on IRS | 11 | 0.00 |
| Futures guaranty deposit | 10 | 1,073,801.41 |
| Collateral on OTC derivatives | 9,11 | 0.00 |
| Total Assets |  | 196,629,627.17 |
| Liabilities |  |  |
| Taxes and Expenses payable | 3 | 405,009.89 |
| Overdraft at banks |  | 0.00 |
| Overdraft interest |  | 2,116.11 |
| Interest payable on CDS |  | 0.00 |
| Amounts payable on redemptions |  | 25,348.00 |
| Amounts payable on purchases of investments |  | 0.00 |
| Amounts payable on spot exchange contracts |  | 0.00 |
| Amounts payable on IRS |  | 0.00 |
| Unrealised Loss on Forward Exchange Contracts | 9 | 25,890.05 |
| Amounts payable to the broker on futures |  | 0.02 |
| Unrealised Loss on IRS | 11 | 0.00 |
| Unrealised loss on CDS | 11 | 0.00 |
| Total Liabilities |  | 458,364.07 |
| Net assets at the end of the year |  | 196,171,263.10 |
| Number of Shares Outstanding (at the end of the exercice) |  |  |
| - A |  | 1,251,223.569 |
| - B |  | 265,325.490 |
| - E |  | 1,971.381 |
| - F |  | 54,328.432 |
| - M |  | 56,692.693 |
| - N |  | 38,932.667 |
| Net Asset Value per Share (at the end of the exercice) |  |  |
| - A |  | 113.81 |
| - B |  | 129.85 |
| - E |  | 122.12 |
| - F |  | 136.72 |
| - M |  | 115.26 |
| - N |  | 131.45 |

|  |
| --- |
| DPAM L BONDS EMERGING MARKETS SUSTAINABLE |
|  |
|  | Notes | Value (in EUR) |
|  |
| Assets |  |  |
| Investments in securities | 1a | 2,577,065,056.28 |
| Cash at banks |  | 76,273,236.42 |
| Interest receivable on cash account |  | 6,632.81 |
| Interest receivable on bonds |  | 38,998,115.61 |
| Dividends receivable on shares |  | 0.00 |
| Amounts receivable on subscriptions |  | 1,492,595.26 |
| Amounts receivable on investment sold |  | 0.00 |
| Amounts receivable on spot exchange contracts |  | 0.00 |
| Unrealised gain on forward exchange contracts | 9 | 0.00 |
| Amounts receivable from the broker on futures |  | 0.08 |
| Unrealised gains on IRS | 11 | 5,853.93 |
| Futures guaranty deposit | 10 | 669,632.03 |
| Collateral on OTC derivatives | 9,11 | 2,100,000.00 |
| Total Assets |  | 2,696,611,122.42 |
| Liabilities |  |  |
| Taxes and Expenses payable | 3 | 3,084,313.48 |
| Overdraft at banks |  | 0.00 |
| Overdraft interest |  | 44,405.22 |
| Interest payable on CDS |  | 0.00 |
| Amounts payable on redemptions |  | 506,760.38 |
| Amounts payable on purchases of investments |  | 5,915,710.69 |
| Amounts payable on spot exchange contracts |  | 0.00 |
| Amounts payable on IRS |  | 8,143.72 |
| Unrealised Loss on Forward Exchange Contracts | 9 | 2,580,402.48 |
| Amounts payable to the broker on futures |  | 0.00 |
| Unrealised Loss on IRS | 11 | 94,109.99 |
| Unrealised loss on CDS | 11 | 0.00 |
| Total Liabilities |  | 12,233,845.96 |
| Net assets at the end of the year |  | 2,684,377,276.46 |

|  |
| --- |
| DPAM L BONDS EMERGING MARKETS SUSTAINABLE |
|  |
|  | Notes | Value (in EUR) |
|  |
| Number of Shares Outstanding (at the end of the exercice) |  |  |
| - A | 867,376.343 |
| - B | 1,457,195.298 |
| - B CHF | 1,531.268 |
| - B USD | 148,192.613 |
| - E | 2,604,321.632 |
| - F | 8,539,804.227 |
| - F CHF | 96,019.984 |
| - F USD | 2,320,698.168 |
| - J | 8,874.809 |
| - L | 22,217.525 |
| - M | 374,217.920 |
| - N | 30,551.607 |
| - N USD | 169,189.252 |
| - P | 492,513.000 |
| - V | 149,315.000 |
| - W | 1,816,805.692 |
| - W CHF | 7,365.000 |
| - W USD | 485,459.126 |
| Net Asset Value per Share (at the end of the exercice) |  |
| - A | 98.07 |
| - B | 131.52 |
| - B CHF | 139.37 |
| - B USD | 123.61 |
| - E | 101.69 |
| - F | 137.13 |
| - F CHF | 148.07 |
| - F USD | 133.21 |
| - J | 27,481.08 |
| - L | 129.51 |
| - M | 99.30 |
| - N | 133.14 |
| - N USD | 124.62 |
| - P | 142.09 |
| - V | 109.10 |
| - W | 136.92 |
| - W CHF | 140.57 |
| - W USD | 124.85 |

|  |
| --- |
| DPAM L BONDS EUR CORPORATE HIGH YIELD |
|  |
|  | Notes | Value (in EUR) |
|  |
| Assets |  |  |
| Investments in securities | 1a | 429,774,054.28 |
| Cash at banks |  | 1,107,260.67 |
| Interest receivable on cash account |  | 0.00 |
| Interest receivable on bonds |  | 5,024,161.35 |
| Dividends receivable on shares |  | 0.00 |
| Amounts receivable on subscriptions |  | 398,501.60 |
| Amounts receivable on investment sold |  | 0.00 |
| Amounts receivable on spot exchange contracts |  | 0.00 |
| Unrealised gain on forward exchange contracts | 9 | 0.00 |
| Amounts receivable from the broker on futures |  | 0.00 |
| Unrealised gains on IRS | 11 | 0.00 |
| Futures guaranty deposit | 10 | 0.00 |
| Collateral on OTC derivatives | 9,11 | 3,300,000.00 |
| Total Assets |  | 439,603,977.90 |
| Liabilities |  |  |
| Taxes and Expenses payable | 3 | 600,573.71 |
| Overdraft at banks |  | 0.00 |
| Overdraft interest |  | 861.35 |
| Interest payable on CDS |  | 0.00 |
| Amounts payable on redemptions |  | 700,396.85 |
| Amounts payable on purchases of investments |  | 0.00 |
| Amounts payable on spot exchange contracts |  | 0.00 |
| Amounts payable on IRS |  | 0.00 |
| Unrealised Loss on Forward Exchange Contracts | 9 | 0.00 |
| Amounts payable to the broker on futures |  | 0.00 |
| Unrealised Loss on IRS | 11 | 0.00 |
| Unrealised loss on CDS | 11 | 0.00 |
| Total Liabilities |  | 1,301,831.91 |

|  |
| --- |
| DPAM L BONDS EUR CORPORATE HIGH YIELD |
|  |
|  | Notes | Value (in EUR) |
|  |
| Net assets at the end of the year |  | 438,302,145.99 |
| Number of Shares Outstanding (at the end of the exercice) |  |
| - A | 126,082.857 |
| - B | 142,745.169 |
| - E | 56,732.841 |
| - F | 1,467,378.404 |
| - J | 3,417.000 |
| - L | 205.141 |
| - M | 156,165.860 |
| - N | 120.000 |
| - P | 88,266.767 |
| - V | 304,621.000 |
| - W | 40,939.313 |
| Net Asset Value per Share (at the end of the exercice) |  |
| - A | 124.22 |
| - B | 146.88 |
| - E | 147.21 |
| - F | 151.81 |
| - J | 28,278.73 |
| - L | 106.75 |
| - M | 125.93 |
| - N | 135.37 |
| - P | 159.70 |
| - V | 111.72 |
| - W | 149.07 |

|  |
| --- |
| DPAM L GLOBAL TARGET INCOME |
|  |
|  | Notes | Value (in EUR) |
|  |
| Assets |  |  |
| Investments in securities | 1a | 64,664,313.82 |
| Cash at banks |  | 3,581,278.31 |
| Interest receivable on cash account |  | 0.00 |
| Interest receivable on bonds |  | 0.00 |
| Dividends receivable on shares |  | 0.00 |
| Amounts receivable on subscriptions |  | 0.00 |
| Amounts receivable on investment sold |  | 0.00 |
| Amounts receivable on spot exchange contracts |  | 0.00 |
| Unrealised gain on forward exchange contracts | 9 | 0.00 |
| Amounts receivable from the broker on futures |  | 0.00 |
| Unrealised gains on IRS | 11 | 0.00 |
| Futures guaranty deposit | 10 | 627,338.60 |
| Collateral on OTC derivatives | 9,11 | 0.00 |
| Total Assets |  | 68,872,930.73 |
| Liabilities |  |  |
| Taxes and Expenses payable | 3 | 149,395.42 |
| Overdraft at banks |  | 0.00 |
| Overdraft interest |  | 268.03 |
| Interest payable on CDS |  | 0.00 |
| Amounts payable on redemptions |  | 16,460.93 |
| Amounts payable on purchases of investments |  | 0.00 |
| Amounts payable on spot exchange contracts |  | 0.00 |
| Amounts payable on IRS |  | 0.00 |
| Unrealised Loss on Forward Exchange Contracts | 9 | 0.00 |
| Amounts payable to the broker on futures |  | 0.70 |
| Unrealised Loss on IRS | 11 | 0.00 |
| Unrealised loss on CDS | 11 | 0.00 |
| Total Liabilities |  | 166,125.08 |
| Net assets at the end of the year |  | 68,706,805.65 |
| Number of Shares Outstanding (at the end of the exercice) |  |  |
| - A |  | 244,493.527 |
| - B |  | 39,339.417 |
| - E |  | 10,000.000 |
| - F |  | 332,575.426 |
| - M |  | 15,495.101 |
| Net Asset Value per Share (at the end of the exercice) |  |  |
| - A |  | 97.19 |
| - B |  | 116.76 |
| - E |  | 95.46 |
| - F |  | 113.86 |
| - M |  | 98.65 |

|  |
| --- |
| DPAM L BALANCED CONSERVATIVE SUSTAINABLE |
|  |
|  | Notes | Value (in EUR) |
|  |
| Assets |  |  |
| Investments in securities | 1a | 54,602,106.63 |
| Cash at banks |  | 2,657,408.73 |
| Interest receivable on cash account |  | 0.00 |
| Interest receivable on bonds |  | 182,565.13 |
| Dividends receivable on shares |  | 7,175.58 |
| Amounts receivable on subscriptions |  | 0.00 |
| Amounts receivable on investment sold |  | 0.00 |
| Amounts receivable on spot exchange contracts |  | 0.00 |
| Unrealised gain on forward exchange contracts | 9 | 0.00 |
| Amounts receivable from the broker on futures |  | 0.00 |
| Unrealised gains on IRS | 11 | 0.00 |
| Futures guaranty deposit | 10 | 0.00 |
| Collateral on OTC derivatives | 9,11 | 0.00 |
| Total Assets |  | 57,449,256.07 |
| Liabilities |  |  |
| Taxes and Expenses payable | 3 | 184,888.02 |
| Overdraft at banks |  | 0.00 |
| Overdraft interest |  | 797.63 |
| Interest payable on CDS |  | 0.00 |
| Amounts payable on redemptions |  | 0.00 |
| Amounts payable on purchases of investments |  | 0.00 |
| Amounts payable on spot exchange contracts |  | 0.00 |
| Amounts payable on IRS |  | 0.00 |
| Unrealised Loss on Forward Exchange Contracts | 9 | 0.00 |
| Amounts payable to the broker on futures |  | 0.00 |
| Unrealised Loss on IRS | 11 | 0.00 |
| Unrealised loss on CDS | 11 | 0.00 |
| Total Liabilities |  | 185,685.65 |
| Net assets at the end of the year |  | 57,263,570.42 |
| Number of Shares Outstanding (at the end of the exercice) |  |  |
| - A |  | 66,470.104 |
| - B |  | 245,662.983 |
| - F |  | 340.843 |
| - V |  | 12,674.369 |
| - W |  | 1,408.649 |
| Net Asset Value per Share (at the end of the exercice) |  |  |
| - A |  | 115.82 |
| - B |  | 153.76 |
| - F |  | 29,606.64 |
| - V |  | 116.90 |
| - W |  | 155.16 |

|  |
| --- |
| DPAM L BONDS CLIMATE TRENDS SUSTAINABLE |
|  |
|  | Notes | Value (in EUR) |
|  |
| Assets |  |  |
| Investments in securities | 1a | 155,982,404.04 |
| Cash at banks |  | 4,156,981.51 |
| Interest receivable on cash account |  | 0.00 |
| Interest receivable on bonds |  | 887,508.34 |
| Dividends receivable on shares |  | 0.00 |
| Amounts receivable on subscriptions |  | 1,358,394.27 |
| Amounts receivable on investment sold |  | 0.00 |
| Amounts receivable on spot exchange contracts |  | 0.00 |
| Unrealised gain on forward exchange contracts | 9 | 0.00 |
| Amounts receivable from the broker on futures |  | 0.00 |
| Unrealised gains on IRS | 11 | 0.00 |
| Futures guaranty deposit | 10 | 82,190.50 |
| Collateral on OTC derivatives | 9,11 | 0.00 |
| Total Assets |  | 162,467,478.66 |
| Liabilities |  |  |
| Taxes and Expenses payable | 3 | 128,077.72 |
| Overdraft at banks |  | 0.00 |
| Overdraft interest |  | 1,063.08 |
| Interest payable on CDS |  | 0.00 |
| Amounts payable on redemptions |  | 75.53 |
| Amounts payable on purchases of investments |  | 0.00 |
| Amounts payable on spot exchange contracts |  | 0.00 |
| Amounts payable on IRS |  | 0.00 |
| Unrealised Loss on Forward Exchange Contracts | 9 | 0.00 |
| Amounts payable to the broker on futures |  | 0.00 |
| Unrealised Loss on IRS | 11 | 0.00 |
| Unrealised loss on CDS | 11 | 0.00 |
| Total Liabilities |  | 129,216.33 |
| Net assets at the end of the year |  | 162,338,262.33 |
| Number of Shares Outstanding (at the end of the exercice) |  |  |
| - A |  | 3,000.000 |
| - B |  | 4,373.258 |
| - F |  | 38,839.515 |
| - J |  | 4,361.000 |
| - M |  | 51,674.000 |
| - P |  | 1,000.000 |
| - W |  | 107,201.175 |
| Net Asset Value per Share (at the end of the exercice) |  |  |
| - A |  | 103.92 |
| - B |  | 103.83 |
| - F |  | 104.62 |
| - J |  | 26,232.56 |
| - M |  | 104.54 |
| - P |  | 26,312.20 |
| - W |  | 106.30 |

|  |
| --- |
| DPAM L BONDS GOVERNMENT SUSTAINABLE |
|  |
|  | Notes | Value (in EUR) |
|  |
| Assets |  |  |
| Investments in securities | 1a | 85,616,717.37 |
| Cash at banks |  | 1,360,082.65 |
| Interest receivable on cash account |  | 0.00 |
| Interest receivable on bonds |  | 387,499.48 |
| Dividends receivable on shares |  | 0.00 |
| Amounts receivable on subscriptions |  | 1,148,399.91 |
| Amounts receivable on investment sold |  | 0.00 |
| Amounts receivable on spot exchange contracts |  | 0.00 |
| Unrealised gain on forward exchange contracts | 9 | 0.00 |
| Amounts receivable from the broker on futures |  | 0.00 |
| Unrealised gains on IRS | 11 | 0.00 |
| Futures guaranty deposit | 10 | 65,682.81 |
| Collateral on OTC derivatives | 9,11 | 0.00 |
| Total Assets |  | 88,578,382.22 |
| Liabilities |  |  |
| Taxes and Expenses payable | 3 | 56,337.75 |
| Overdraft at banks |  | 0.00 |
| Overdraft interest |  | 382.54 |
| Interest payable on CDS |  | 0.00 |
| Amounts payable on redemptions |  | 0.00 |
| Amounts payable on purchases of investments |  | 1,122,393.59 |
| Amounts payable on spot exchange contracts |  | 0.00 |
| Amounts payable on IRS |  | 0.00 |
| Unrealised Loss on Forward Exchange Contracts | 9 | 460,663.40 |
| Amounts payable to the broker on futures |  | 0.00 |
| Unrealised Loss on IRS | 11 | 0.00 |
| Unrealised loss on CDS | 11 | 0.00 |
| Total Liabilities |  | 1,639,777.28 |
| Net assets at the end of the year |  | 86,938,604.94 |
| Number of Shares Outstanding (at the end of the exercice) |  |  |
| - B |  | 950.000 |
| - F |  | 86,742.805 |
| - J |  | 3,093.000 |
| - M |  | 2,315.000 |
| - P |  |  |
| Net Asset Value per Share (at the end of the exercice) |  |  |
| - B |  | 99.88 |
| - F |  | 100.63 |
| - J |  | 25,180.37 |
| - M |  | 100.08 |
| - P |  |  |

|  |
| --- |
| DPAM L CONVERTIBLE WORLD SUSTAINABLE |
|  |
|  | Notes | Value (in EUR) |
|  |
| Assets |  |  |
| Investments in securities | 1a | 27,375,107.66 |
| Cash at banks |  | 943,363.71 |
| Interest receivable on cash account |  | 0.00 |
| Interest receivable on bonds |  | 35,706.36 |
| Dividends receivable on shares |  | 0.00 |
| Amounts receivable on subscriptions |  | 0.00 |
| Amounts receivable on investment sold |  | 0.00 |
| Amounts receivable on spot exchange contracts |  | 0.00 |
| Unrealised gain on forward exchange contracts | 9 | 342,031.28 |
| Amounts receivable from the broker on futures |  | 0.00 |
| Unrealised gains on IRS | 11 | 0.00 |
| Futures guaranty deposit | 10 | 205,869.64 |
| Collateral on OTC derivatives | 9,11 | 0.00 |
| Total Assets |  | 28,902,078.65 |
| Liabilities |  |  |
| Taxes and Expenses payable | 3 | 24,204.70 |
| Overdraft at banks |  | 0.00 |
| Overdraft interest |  | 313.65 |
| Interest payable on CDS |  | 0.00 |
| Amounts payable on redemptions |  | 0.00 |
| Amounts payable on purchases of investments |  | 0.00 |
| Amounts payable on spot exchange contracts |  | 0.00 |
| Amounts payable on IRS |  | 0.00 |
| Unrealised Loss on Forward Exchange Contracts | 9 | 0.00 |
| Amounts payable to the broker on futures |  | 10,069.07 |
| Unrealised Loss on IRS | 11 | 0.00 |
| Unrealised loss on CDS | 11 | 0.00 |
| Total Liabilities |  | 34,587.42 |
| Net assets at the end of the year |  | 28,867,491.23 |
| Number of Shares Outstanding (at the end of the exercice) |  |  |
| - B |  | 100,000.000 |
| - F |  | 91,700.000 |
| - P |  | 330.000 |
| Net Asset Value per Share (at the end of the exercice) |  |  |
| - B |  | 101.93 |
| - F |  | 108.10 |
| - P |  | 26,552.74 |

|  |
| --- |
| DPAM L LIQUIDITY EUR &FRN (liquidated on 7 December 2020) |
|  |
|  | Notes | Value (in EUR) |
|  |
| Income |  |  |
| Dividends | 1e | 0.00 |
| Interest on bonds | 1e | 36,339.75 |
| Interest on IRS |  | 0.00 |
| Dividends on CDS |  | 0.00 |
| Interest on cash accounts |  | 104.47 |
| Commission on subscriptions and redemptions | 4,8 | 608.00 |
| Tax claim |  | 0.00 |
| Other income |  | 0.00 |
| Total Income |  | 37,052.22 |
| Expenses |  |  |
| Performance fee | 5 | 0.00 |
| Management Fee | 5 | 21,803.12 |
| Depositary fees |  | 3,900.93 |
| Subscription tax | 6 | 4,408.02 |
| Administration fees |  | 44,885.01 |
| Miscellaneous fees |  | 41,351.35 |
| Transaction fees |  | 5,056.92 |
| Interest on IRS |  | 0.00 |
| Interest expenses on CDS |  | 0.00 |
| Overdraft interest |  | 4,366.60 |
| Taxes paid to foreign authorities |  | 5,673.77 |
| Total Expenses |  | 131,445.72 |
| Net Profit / (Loss) |  | -94,393.50 |
| Net Realised Profit / (Loss) |  |  |
| - on investments | 1b | 48,867.25 |
| - on currencies |  | 0.00 |
| - on forward exchange contracts |  | 0.00 |
| - on futures |  | 0.00 |
| - on IRS and CDS |  | 0.00 |
| Total Net Realised Profit / (Loss) |  | -45,526.25 |
| Change in Net Unrealised Appreciation or Depreciation |  |  |
| - on investments | 1d | -84,647.25 |
| - on forward exchange contracts |  | 0.00 |
| - on futures |  | 0.00 |
| - on IRS and CDS |  | 0.00 |
| Result of operations |  | -130,173.50 |
| - Subscriptions |  | 1,903,280.92 |
| - Redemptions |  | -24,314,222.72 |
| Dividends paid | 12 | 0.00 |
| Net changes in Net Assets |  | -22,541,115.30 |
| Net assets at the beginning of the year |  | 22,541,115.30 |
| Net assets at the end of the year |  | 0.00 |

|  |
| --- |
| DPAM L BONDS EUR QUALITY SUSTAINABLE |
|  |
|  | Notes | Value (in EUR) |
|  |
| Income |  |  |
| Dividends | 1e | 0.00 |
| Interest on bonds | 1e | 18,155,493.54 |
| Interest on IRS |  | 0.00 |
| Dividends on CDS |  | 923,691.03 |
| Interest on cash accounts |  | 0.00 |
| Commission on subscriptions and redemptions | 4, 8 | 286,207.96 |
| Tax claim |  | 0.00 |
| Other income |  | 0.00 |
| Total Income |  | 19,365,392.53 |
| Expenses |  |  |
| Performance fee | 5 | 0.00 |
| Management Fee | 5 | 2,291,156.59 |
| Depositary fees |  | 296,442.39 |
| Subscription tax | 6 | 209,788.18 |
| Administration fees |  | 1,253,562.25 |
| Miscellaneous fees |  | 166,653.29 |
| Transaction fees |  | 281,318.07 |
| Interest on IRS |  | 0.00 |
| Interest expenses on CDS |  | 1,199,443.12 |
| Overdraft interest |  | 169,295.56 |
| Taxes paid to foreign authorities |  | 11,621.78 |
| Total Expenses |  | 5,879,281.23 |
| Net Profit / (Loss) |  | 13,486,111.30 |
| Net Realised Profit / (Loss) |  |  |
| - on investments | 1b | 6,922,565.34 |
| - on currencies |  | 0.00 |
| - on forward exchange contracts |  | 0.00 |
| - on futures |  | -6,021,160.00 |
| - on IRS and CDS |  | 2,229,348.38 |
| Total Net Realised Profit / (Loss) |  | 16,616,865.02 |
| Change in Net Unrealised Appreciation or Depreciation |  |  |
| - on investments | 1d | 27,109,849.75 |
| - on forward exchange contracts |  | 0.00 |
| - on futures |  | -1,693,020.00 |
| - on IRS and CDS |  | 171,535.00 |
| Result of operations |  | 42,205,229.77 |
| - Subscriptions |  | 505,634,652.42 |
| - Redemptions |  | -192,148,980.85 |
| Dividends paid | 12 | -694,613.52 |
| Net changes in Net Assets |  | 354,996,287.82 |
| Net assets at the beginning of the year |  | 1,098,285,247.17 |
| Net assets at the end of the year |  | 1,453,281,534.99 |

|  |
| --- |
| DPAM L BONDS UNIVERSALIS UNCONSTRAINED |
|  |
|  | Notes | Value (in EUR) |
|  |
| Income |  |  |
| Dividends | 1e | 0.00 |
| Interest on bonds | 1e | 18,838,150.48 |
| Interest on IRS |  | 0.00 |
| Dividends on CDS |  | 967,604.13 |
| Interest on cash accounts |  | 0.00 |
| Commission on subscriptions and redemptions | 4, 8 | 0.00 |
| Tax claim |  | 0.00 |
| Other income |  | 0.00 |
| Total Income |  | 19,805,754.61 |
| Expenses |  |  |
| Performance fee | 5 | 0.00 |
| Management Fee | 5 | 3,749,619.74 |
| Depositary fees |  | 250,934.24 |
| Subscription tax | 6 | 266,746.13 |
| Administration fees |  | 1,189,890.96 |
| Miscellaneous fees |  | 150,345.90 |
| Transaction fees |  | 218,974.51 |
| Interest on IRS |  | 0.00 |
| Interest expenses on CDS |  | 2,408,424.16 |
| Overdraft interest |  | 122,995.25 |
| Taxes paid to foreign authorities |  | 10,894.63 |
| Total Expenses |  | 8,368,825.52 |
| Net Profit / (Loss) |  | 11,436,929.09 |
| Net Realised Profit / (Loss) |  |  |
| - on investments | 1b | 7,615,688.98 |
| - on currencies |  | 392,485.31 |
| - on forward exchange contracts |  | 34,464.14 |
| - on futures |  | -17,437,841.95 |
| - on IRS and CDS |  | 17,078,122.72 |
| Total Net Realised Profit / (Loss) |  | 19,119,848.29 |
| Change in Net Unrealised Appreciation or Depreciation |  |  |
| - on investments | 1d | 15,851,717.53 |
| - on forward exchange contracts |  | 0.00 |
| - on futures |  | -7,154,198.13 |
| - on IRS and CDS |  | -3,187,996.00 |
| Result of operations |  | 24,629,371.69 |
| - Subscriptions |  | 445,589,141.15 |
| - Redemptions |  | -184,685,716.14 |
| Dividends paid | 12 | -1,486,535.43 |
| Net changes in Net Assets |  | 284,046,261.27 |
| Net assets at the beginning of the year |  | 953,418,774.25 |
| Net assets at the end of the year |  | 1,237,465,035.52 |

|  |
| --- |
| DPAM L BONDS HIGHER YIELD |
|  |
|  | Notes | Value (in EUR) |
|  |
| Income |  |  |
| Dividends | 1e | 0.00 |
| Interest on bonds | 1e | 7,851,041.69 |
| Interest on IRS |  | 0.00 |
| Dividends on CDS |  | 422,222.29 |
| Interest on cash accounts |  | 3,346.92 |
| Commission on subscriptions and redemptions | 4, 8 | 120,634.14 |
| Tax claim |  | 0.00 |
| Other income |  | 0.00 |
| Total Income |  | 8,397,245.04 |
| Expenses |  |  |
| Performance fee | 5 | 0.00 |
| Management Fee | 5 | 1,150,217.60 |
| Depositary fees |  | 41,586.62 |
| Subscription tax | 6 | 130,347.17 |
| Administration fees |  | 272,191.27 |
| Miscellaneous fees |  | 61,829.91 |
| Transaction fees |  | 128,721.18 |
| Interest on IRS |  | 0.00 |
| Interest expenses on CDS |  | 1,250,694.39 |
| Overdraft interest |  | 31,563.04 |
| Taxes paid to foreign authorities |  | 6,308.29 |
| Total Expenses |  | 3,073,459.47 |
| Net Profit / (Loss) |  | 5,323,785.57 |
| Net Realised Profit / (Loss) |  |  |
| - on investments | 1b | -2,883,141.36 |
| - on currencies |  | -1,061,849.25 |
| - on forward exchange contracts |  | 1,326,542.03 |
| - on futures |  | 76,950.00 |
| - on IRS and CDS |  | 4,085,980.00 |
| Total Net Realised Profit / (Loss) |  | 6,868,266.99 |
| Change in Net Unrealised Appreciation or Depreciation |  |  |
| - on investments | 1d | -414,612.15 |
| - on forward exchange contracts |  | 308,147.37 |
| - on futures |  | -199,300.00 |
| - on IRS and CDS |  | 0.00 |
| Result of operations |  | 6,562,502.21 |
| - Subscriptions |  | 70,843,011.33 |
| - Redemptions |  | -50,973,782.65 |
| Dividends paid | 12 | -3,762,798.84 |
| Net changes in Net Assets |  | 22,668,932.05 |
| Net assets at the beginning of the year |  | 180,673,248.02 |
| Net assets at the end of the year |  | 203,342,180.07 |

|  |
| --- |
| DPAM L BONDS GOVERNMENT SUSTAINABLE HEDGED |
|  |
|  | Notes | Value (in EUR) |
|  |
| Income |  |  |
| Dividends | 1e | 0.00 |
| Interest on bonds | 1e | 9,274,271.33 |
| Interest on IRS |  | 0.00 |
| Dividends on CDS |  | 0.00 |
| Interest on cash accounts |  | 1,321.89 |
| Commission on subscriptions and redemptions | 4, 8 | 99,063.18 |
| Tax claim |  | 0.00 |
| Other income |  | 0.00 |
| Total Income |  | 9,374,656.40 |
| Expenses |  |  |
| Performance fee | 5 | 0.00 |
| Management Fee | 5 | 1,270,329.99 |
| Depositary fees |  | 160,682.75 |
| Subscription tax | 6 | 101,786.95 |
| Administration fees |  | 860,011.88 |
| Miscellaneous fees |  | 69,842.50 |
| Transaction fees |  | 85,192.96 |
| Interest on IRS |  | 0.00 |
| Interest expenses on CDS |  | 0.00 |
| Overdraft interest |  | 73,098.96 |
| Taxes paid to foreign authorities |  | 6,546.62 |
| Total Expenses |  | 2,627,492.61 |
| Net Profit / (Loss) |  | 6,747,163.79 |
| Net Realised Profit / (Loss) |  |  |
| - on investments | 1b | 4,021,412.59 |
| - on currencies |  | 716,711.57 |
| - on forward exchange contracts |  | 9,375,219.61 |
| - on futures |  | -1,130,000.74 |
| - on IRS and CDS |  | 0.00 |
| Total Net Realised Profit / (Loss) |  | 19,730,506.82 |
| Change in Net Unrealised Appreciation or Depreciation |  |  |
| - on investments | 1d | 7,024,543.86 |
| - on forward exchange contracts |  | -7,547,081.25 |
| - on futures |  | -232,350.00 |
| - on IRS and CDS |  | 0.00 |
| Result of operations |  | 18,975,619.43 |
| - Subscriptions |  | 536,954,707.75 |
| - Redemptions |  | -325,902,632.03 |
| Dividends paid | 12 | 0.00 |
| Net changes in Net Assets |  | 230,027,695.15 |
| Net assets at the beginning of the year |  | 562,120,308.41 |
| Net assets at the end of the year |  | 792,148,003.56 |

|  |
| --- |
| DPAM L EQUITIES CONVICTION RESEARCH |
|  |
|  | Notes | Value (in EUR) |
|  |
| Income |  |  |
| Dividends | 1e | 5,302,244.04 |
| Interest on bonds | 1e | 0.00 |
| Interest on IRS |  | 0.00 |
| Dividends on CDS |  | 0.00 |
| Interest on cash accounts |  | 10.89 |
| Commission on subscriptions and redemptions | 4, 8 | 0.00 |
| Tax claim |  | 2,690.00 |
| Other income |  | 0.00 |
| Total Income |  | 5,304,944.93 |
| Expenses |  |  |
| Performance fee | 5 | 1,407,597.97 |
| Management Fee | 5 | 827,238.55 |
| Depositary fees |  | 70,549.34 |
| Subscription tax | 6 | 61,790.34 |
| Administration fees |  | 350,658.85 |
| Miscellaneous fees |  | 41,607.26 |
| Transaction fees |  | 510,576.31 |
| Interest on IRS |  | 0.00 |
| Interest expenses on CDS |  | 0.00 |
| Overdraft interest |  | 40,568.67 |
| Taxes paid to foreign authorities |  | 7,277.32 |
| Total Expenses |  | 3,317,864.61 |
| Net Profit / (Loss) |  | 1,987,080.32 |
| Net Realised Profit / (Loss) |  |  |
| - on investments | 1b | -5,925,713.66 |
| - on currencies |  | 23,575.06 |
| - on forward exchange contracts |  | 0.00 |
| - on futures |  | 0.00 |
| - on IRS and CDS |  | 0.00 |
| Total Net Realised Profit / (Loss) |  | -3,915,058.28 |
| Change in Net Unrealised Appreciation or Depreciation |  |  |
| - on investments | 1d | 10,838,798.99 |
| - on forward exchange contracts |  | 0.00 |
| - on futures |  | 0.00 |
| - on IRS and CDS |  | 0.00 |
| Result of operations |  | 6,923,740.71 |
| - Subscriptions |  | 64,981,588.25 |
| - Redemptions |  | -20,604,899.91 |
| Dividends paid | 12 | -726,982.00 |
| Net changes in Net Assets |  | 50,573,447.05 |
| Net assets at the beginning of the year |  | 277,846,817.78 |
| Net assets at the end of the year |  | 328,420,264.83 |

|  |
| --- |
| DPAM L BONDS EUR HIGH YIELD SHORT TERM |
|  |
|  | Notes | Value (in EUR) |
|  |
| Income |  |  |
| Dividends | 1e | 0.00 |
| Interest on bonds | 1e | 12,980,424.18 |
| Interest on IRS |  | 0.00 |
| Dividends on CDS |  | 0.00 |
| Interest on cash accounts |  | 3.29 |
| Commission on subscriptions and redemptions | 4, 8 | 1,062,498.09 |
| Tax claim |  | 0.00 |
| Other income |  | 0.00 |
| Total Income |  | 14,042,925.56 |
| Expenses |  |  |
| Performance fee | 5 | 0.00 |
| Management Fee | 5 | 1,189,395.83 |
| Depositary fees |  | 90,456.53 |
| Subscription tax | 6 | 59,289.62 |
| Administration fees |  | 563,782.33 |
| Miscellaneous fees |  | 62,173.76 |
| Transaction fees |  | 155,337.50 |
| Interest on IRS |  | 0.00 |
| Interest expenses on CDS |  | 0.00 |
| Overdraft interest |  | 31,111.36 |
| Taxes paid to foreign authorities |  | 7,541.47 |
| Total Expenses |  | 2,159,088.40 |
| Net Profit / (Loss) |  | 11,883,837.16 |
| Net Realised Profit / (Loss) |  |  |
| - on investments | 1b | -32,122,637.83 |
| - on currencies |  | 42.73 |
| - on forward exchange contracts |  | -112.60 |
| - on futures |  | 0.00 |
| - on IRS and CDS |  | 0.00 |
| Total Net Realised Profit / (Loss) |  | -20,238,870.54 |
| Change in Net Unrealised Appreciation or Depreciation |  |  |
| - on investments | 1d | 5,780,966.85 |
| - on forward exchange contracts |  | 0.00 |
| - on futures |  | 0.00 |
| - on IRS and CDS |  | 0.00 |
| Result of operations |  | -14,457,903.69 |
| - Subscriptions |  | 141,655,444.09 |
| - Redemptions |  | -306,646,697.47 |
| Dividends paid | 12 | -806,487.83 |
| Net changes in Net Assets |  | -180,255,644.90 |
| Net assets at the beginning of the year |  | 523,387,425.04 |
| Net assets at the end of the year |  | 343,131,780.14 |

|  |
| --- |
| DPAM L PATRIMONIAL FUND |
|  |
|  | Notes | Value (in EUR) |
|  |
| Income |  |  |
| Dividends | 1e | 167,239.26 |
| Interest on bonds | 1e | 1,145,358.50 |
| Interest on IRS |  | 0.00 |
| Dividends on CDS |  | 0.00 |
| Interest on cash accounts |  | 5,042.11 |
| Commission on subscriptions and redemptions | 4, 8 | 0.00 |
| Tax claim |  | 0.00 |
| Other income |  | 3,965.03 |
| Total Income |  | 1,321,604.90 |
| Expenses |  |  |
| Performance fee | 5 | 236,726.48 |
| Management Fee | 5 | 772,734.19 |
| Depositary fees |  | 20,869.57 |
| Subscription tax | 6 | 133,436.71 |
| Administration fees |  | 301,561.68 |
| Miscellaneous fees |  | 23,075.93 |
| Transaction fees |  | 113,080.67 |
| Interest on IRS |  | 0.00 |
| Interest expenses on CDS |  | 0.00 |
| Overdraft interest |  | 29,575.93 |
| Taxes paid to foreign authorities |  | 5,841.29 |
| Total Expenses |  | 1,636,902.45 |
| Net Profit / (Loss) |  | -315,297.55 |
| Net Realised Profit / (Loss) |  |  |
| - on investments | 1b | 540,106.73 |
| - on currencies |  | -101,158.41 |
| - on forward exchange contracts |  | 1,170,076.97 |
| - on futures |  | 2,553,166.18 |
| - on IRS and CDS |  | 0.00 |
| Total Net Realised Profit / (Loss) |  | 3,846,893.92 |
| Change in Net Unrealised Appreciation or Depreciation |  |  |
| - on investments | 1d | -3,999,304.81 |
| - on forward exchange contracts |  | -47,298.73 |
| - on futures |  | 182,266.37 |
| - on IRS and CDS |  | 0.00 |
| Result of operations |  | -17,443.25 |
| - Subscriptions |  | 139,457,016.05 |
| - Redemptions |  | -45,351,966.29 |
| Dividends paid | 12 | -435,653.63 |
| Net changes in Net Assets |  | 93,651,952.88 |
| Net assets at the beginning of the year |  | 102,519,310.22 |
| Net assets at the end of the year |  | 196,171,263.10 |

|  |
| --- |
| DPAM L BONDS EMERGING MARKETS SUSTAINABLE |
|  |
|  | Notes | Value (in EUR) |
|  |
| Income |  |  |
| Dividends | 1e | 0.00 |
| Interest on bonds | 1e | 96,490,728.95 |
| Interest on IRS |  | 133,687.79 |
| Dividends on CDS |  | 0.00 |
| Interest on cash accounts |  | 500,927.29 |
| Commission on subscriptions and redemptions | 4, 8 | 284,124.23 |
| Tax claim |  | 118,389.40 |
| Other income |  | 0.00 |
| Total Income |  | 97,527,857.66 |
| Expenses |  |  |
| Performance fee | 5 | 0.00 |
| Management Fee | 5 | 7,948,123.99 |
| Depositary fees |  | 446,638.02 |
| Subscription tax | 6 | 394,030.73 |
| Administration fees |  | 2,255,875.26 |
| Miscellaneous fees |  | 348,089.61 |
| Transaction fees |  | 2,578,517.40 |
| Interest on IRS |  | 41,141.09 |
| Interest expenses on CDS |  | 0.00 |
| Overdraft interest |  | 694,803.02 |
| Taxes paid to foreign authorities |  | 95,709.90 |
| Total Expenses |  | 14,802,929.02 |
| Net Profit / (Loss) |  | 82,724,928.64 |
| Net Realised Profit / (Loss) |  |  |
| - on investments | 1b | -55,316,330.65 |
| - on currencies |  | -5,014,963.74 |
| - on forward exchange contracts |  | -429,263.41 |
| - on futures |  | -5,300,251.57 |
| - on IRS and CDS |  | 0.00 |
| Total Net Realised Profit / (Loss) |  | 16,664,119.27 |
| Change in Net Unrealised Appreciation or Depreciation |  |  |
| - on investments | 1d | -57,512,735.37 |
| - on forward exchange contracts |  | -982,810.86 |
| - on futures |  | -1,208,088.16 |
| - on IRS and CDS |  | -81,026.39 |
| Result of operations |  | -43,120,541.51 |
| - Subscriptions |  | 1,506,814,039.30 |
| - Redemptions |  | -728,836,222.56 |
| Dividends paid | 12 | -16,248,651.86 |
| Net changes in Net Assets |  | 718,608,623.37 |
| Net assets at the beginning of the year |  | 1,965,768,653.09 |
| Net assets at the end of the year |  | 2,684,377,276.46 |

|  |
| --- |
| DPAM L BONDS EUR CORPORATE HIGH YIELD |
|  |
|  | Notes | Value (in EUR) |
|  |
| Income |  |  |
| Dividends | 1e | 0.00 |
| Interest on bonds | 1e | 14,710,294.99 |
| Interest on IRS |  | 0.00 |
| Dividends on CDS |  | 718,054.63 |
| Interest on cash accounts |  | 0.00 |
| Commission on subscriptions and redemptions | 4, 8 | 263,064.73 |
| Tax claim |  | 0.00 |
| Other income |  | 0.00 |
| Total Income |  | 15,691,414.35 |
| Expenses |  |  |
| Performance fee | 5 | 0.00 |
| Management Fee | 5 | 1,452,135.84 |
| Depositary fees |  | 90,508.43 |
| Subscription tax | 6 | 68,522.59 |
| Administration fees |  | 541,732.95 |
| Miscellaneous fees |  | 62,099.28 |
| Transaction fees |  | 180,403.36 |
| Interest on IRS |  | 0.00 |
| Interest expenses on CDS |  | 765,972.04 |
| Overdraft interest |  | 31,865.59 |
| Taxes paid to foreign authorities |  | 7,237.98 |
| Total Expenses |  | 3,200,478.06 |
| Net Profit / (Loss) |  | 12,490,936.29 |
| Net Realised Profit / (Loss) |  |  |
| - on investments | 1b | -5,460,384.81 |
| - on currencies |  | 73.02 |
| - on forward exchange contracts |  | 0.00 |
| - on futures |  | 350.00 |
| - on IRS and CDS |  | 1,433,664.22 |
| Total Net Realised Profit / (Loss) |  | 8,464,638.72 |
| Change in Net Unrealised Appreciation or Depreciation |  |  |
| - on investments | 1d | 2,739,752.00 |
| - on forward exchange contracts |  | 0.00 |
| - on futures |  | -62,750.00 |
| - on IRS and CDS |  | 0.00 |
| Result of operations |  | 11,141,640.72 |
| - Subscriptions |  | 274,301,678.33 |
| - Redemptions |  | -182,796,920.24 |
| Dividends paid | 12 | -1,226,377.60 |
| Net changes in Net Assets |  | 101,420,021.21 |
| Net assets at the beginning of the year |  | 336,882,124.78 |
| Net assets at the end of the year |  | 438,302,145.99 |

|  |
| --- |
| DPAM L GLOBAL TARGET INCOME |
|  |
|  | Notes | Value (in EUR) |
|  |
| Income |  |  |
| Dividends | 1e | 0.00 |
| Interest on bonds | 1e | 0.00 |
| Interest on IRS |  | 0.00 |
| Dividends on CDS |  | 0.00 |
| Interest on cash accounts |  | 3,174.96 |
| Commission on subscriptions and redemptions | 4, 8 | 0.00 |
| Tax claim |  | 0.00 |
| Other income |  | 0.00 |
| Total Income |  | 3,174.96 |
| Expenses |  |  |
| Performance fee | 5 | 0.00 |
| Management Fee | 5 | 446,099.97 |
| Depositary fees |  | 17,197.50 |
| Subscription tax | 6 | 2,997.62 |
| Administration fees |  | 117,184.48 |
| Miscellaneous fees |  | 31,198.60 |
| Transaction fees |  | 11,107.38 |
| Interest on IRS |  | 0.00 |
| Interest expenses on CDS |  | 0.00 |
| Overdraft interest |  | 12,700.46 |
| Taxes paid to foreign authorities |  | 5,788.27 |
| Total Expenses |  | 644,274.28 |
| Net Profit / (Loss) |  | -641,099.32 |
| Net Realised Profit / (Loss) |  |  |
| - on investments | 1b | -3,583,575.36 |
| - on currencies |  | -89,163.99 |
| - on forward exchange contracts |  | 7,436.05 |
| - on futures |  | 1,328,907.07 |
| - on IRS and CDS |  | 0.00 |
| Total Net Realised Profit / (Loss) |  | -2,977,495.55 |
| Change in Net Unrealised Appreciation or Depreciation |  |  |
| - on investments | 1d | -1,206,427.73 |
| - on forward exchange contracts |  | 0.00 |
| - on futures |  | 316,943.05 |
| - on IRS and CDS |  | 0.00 |
| Result of operations |  | -3,866,980.23 |
| - Subscriptions |  | 23,544,903.71 |
| - Redemptions |  | -32,001,462.43 |
| Dividends paid | 12 | -797,680.27 |
| Net changes in Net Assets |  | -13,121,219.22 |
| Net assets at the beginning of the year |  | 81,828,024.87 |
| Net assets at the end of the year |  | 68,706,805.65 |

|  |
| --- |
| DPAM L BONDS EUR GOVERNMENT 1-5 (liquidated on 7 December 2020) |
|  |
|  | Notes | Value (in EUR) |
|  |
| Income |  |  |
| Dividends | 1e | 0.00 |
| Interest on bonds | 1e | 231,780.86 |
| Interest on IRS |  | 0.00 |
| Dividends on CDS |  | 0.00 |
| Interest on cash accounts |  | 0.00 |
| Commission on subscriptions and redemptions | 4, 8 | 1,045.00 |
| Tax claim |  | 0.00 |
| Other income |  | 0.00 |
| Total Income |  | 232,825.86 |
| Expenses |  |  |
| Performance fee | 5 | 0.00 |
| Management Fee | 5 | 7,477.86 |
| Depositary fees |  | 2,122.73 |
| Subscription tax | 6 | 2,650.87 |
| Administration fees |  | 37,980.74 |
| Miscellaneous fees |  | 35,507.11 |
| Transaction fees |  | 6,963.46 |
| Interest on IRS |  | 0.00 |
| Interest expenses on CDS |  | 0.00 |
| Overdraft interest |  | 1,756.17 |
| Taxes paid to foreign authorities |  | 5,439.94 |
| Total Expenses |  | 99,898.88 |
| Net Profit / (Loss) |  | 132,926.98 |
| Net Realised Profit / (Loss) |  |  |
| - on investments | 1b | -295,044.60 |
| - on currencies |  | 0.00 |
| - on forward exchange contracts |  | 0.00 |
| - on futures |  | 3,990.00 |
| - on IRS and CDS |  | 0.00 |
| Total Net Realised Profit / (Loss) |  | -158,127.62 |
| Change in Net Unrealised Appreciation or Depreciation |  |  |
| - on investments | 1d | 124,916.75 |
| - on forward exchange contracts |  | 0.00 |
| - on futures |  | -1,865.00 |
| - on IRS and CDS |  | 0.00 |
| Result of operations |  | -35,075.87 |
| - Subscriptions |  | 6,939,987.29 |
| - Redemptions |  | -15,504,142.27 |
| Dividends paid | 12 | 0.00 |
| Net changes in Net Assets |  | -8,599,230.85 |
| Net assets at the beginning of the year |  | 8,599,230.85 |
| Net assets at the end of the year |  | 0.00 |

|  |
| --- |
| DPAM L BALANCED CONSERVATIVE SUSTAINABLE |
|  |
|  | Notes | Value (in EUR) |
|  |
| Income |  |  |
| Dividends | 1e | 240,956.73 |
| Interest on bonds | 1e | 326,804.94 |
| Interest on IRS |  | 0.00 |
| Dividends on CDS |  | 0.00 |
| Interest on cash accounts |  | 39.79 |
| Commission on subscriptions and redemptions | 4, 8 | 14,522.22 |
| Tax claim |  | 279.19 |
| Other income |  | 264.91 |
| Total Income |  | 582,867.78 |
| Expenses |  |  |
| Performance fee | 5 | 0.00 |
| Management Fee | 5 | 458,308.20 |
| Depositary fees |  | 11,393.12 |
| Subscription tax | 6 | 94,107.80 |
| Administration fees |  | 82,263.23 |
| Miscellaneous fees |  | 22,236.40 |
| Transaction fees |  | 62,477.63 |
| Interest on IRS |  | 0.00 |
| Interest expenses on CDS |  | 0.00 |
| Overdraft interest |  | 8,390.04 |
| Taxes paid to foreign authorities |  | 5,812.14 |
| Total Expenses |  | 744,988.56 |
| Net Profit / (Loss) |  | -162,120.78 |
| Net Realised Profit / (Loss) |  |  |
| - on investments | 1b | 1,780,411.16 |
| - on currencies |  | -3,495.30 |
| - on forward exchange contracts |  | 0.00 |
| - on futures |  | 0.01 |
| - on IRS and CDS |  | 0.00 |
| Total Net Realised Profit / (Loss) |  | 1,614,795.09 |
| Change in Net Unrealised Appreciation or Depreciation |  |  |
| - on investments | 1d | 1,494,565.00 |
| - on forward exchange contracts |  | 0.00 |
| - on futures |  | 0.00 |
| - on IRS and CDS |  | 0.00 |
| Result of operations |  | 3,109,360.09 |
| - Subscriptions |  | 19,170,361.81 |
| - Redemptions |  | -17,291,522.99 |
| Dividends paid | 12 | -64,794.95 |
| Net changes in Net Assets |  | 4,923,403.96 |
| Net assets at the beginning of the year |  | 52,340,166.46 |
| Net assets at the end of the year |  | 57,263,570.42 |

|  |
| --- |
| DPAM L BONDS CLIMATE TRENDS SUSTAINABLE |
|  |
|  | Notes | Value (in EUR) |
|  |
| Income |  |  |
| Dividends | 1e | 0.00 |
| Interest on bonds | 1e | 1,262,028.54 |
| Interest on IRS |  | 0.00 |
| Dividends on CDS |  | 0.00 |
| Interest on cash accounts |  | 450.19 |
| Commission on subscriptions and redemptions | 4, 8 | 27,837.19 |
| Tax claim |  | 0.00 |
| Other income |  | 0.00 |
| Total Income |  | 1,290,315.92 |
| Expenses |  |  |
| Performance fee | 5 | 0.00 |
| Management Fee | 5 | 143,598.92 |
| Depositary fees |  | 20,614.39 |
| Subscription tax | 6 | 13,824.32 |
| Administration fees |  | 135,553.56 |
| Miscellaneous fees |  | 13,931.72 |
| Transaction fees |  | 34,918.10 |
| Interest on IRS |  | 0.00 |
| Interest expenses on CDS |  | 0.00 |
| Overdraft interest |  | 14,267.32 |
| Taxes paid to foreign authorities |  | 8,841.32 |
| Total Expenses |  | 385,549.65 |
| Net Profit / (Loss) |  | 904,766.27 |
| Net Realised Profit / (Loss) |  |  |
| - on investments | 1b | 43,425.32 |
| - on currencies |  | -38,958.08 |
| - on forward exchange contracts |  | 0.00 |
| - on futures |  | -103,110.00 |
| - on IRS and CDS |  | 0.00 |
| Total Net Realised Profit / (Loss) |  | 806,123.51 |
| Change in Net Unrealised Appreciation or Depreciation |  |  |
| - on investments | 1d | 3,662,448.55 |
| - on forward exchange contracts |  | 0.00 |
| - on futures |  | -24,900.00 |
| - on IRS and CDS |  | 0.00 |
| Result of operations |  | 4,443,672.06 |
| - Subscriptions |  | 109,494,256.40 |
| - Redemptions |  | -2,926,517.07 |
| Dividends paid | 12 | 0.00 |
| Net changes in Net Assets |  | 111,011,411.39 |
| Net assets at the beginning of the year |  | 51,326,850.94 |
| Net assets at the end of the year |  | 162,338,262.33 |

|  |
| --- |
| DPAM L BONDS GOVERNMENT SUSTAINABLE |
|  |
|  | Notes | Value (in EUR) |
|  |
| Income |  |  |
| Dividends | 1e | 0.00 |
| Interest on bonds | 1e | 1,050,860.12 |
| Interest on IRS |  | 0.00 |
| Dividends on CDS |  | 0.00 |
| Interest on cash accounts |  | 468.37 |
| Commission on subscriptions and redemptions | 4, 8 | 26,870.28 |
| Tax claim |  | 0.00 |
| Other income |  | 0.00 |
| Total Income |  | 1,078,198.77 |
| Expenses |  |  |
| Performance fee | 5 | 0.00 |
| Management Fee | 5 | 90,482.13 |
| Depositary fees |  | 20,821.06 |
| Subscription tax | 6 | 8,749.06 |
| Administration fees |  | 109,323.71 |
| Miscellaneous fees |  | 36,039.89 |
| Transaction fees |  | 21,734.08 |
| Interest on IRS |  | 0.00 |
| Interest expenses on CDS |  | 0.00 |
| Overdraft interest |  | 7,738.94 |
| Taxes paid to foreign authorities |  | 5,782.55 |
| Total Expenses |  | 300,671.42 |
| Net Profit / (Loss) |  | 777,527.35 |
| Net Realised Profit / (Loss) |  |  |
| - on investments | 1b | -840,682.37 |
| - on currencies |  | 108,908.83 |
| - on forward exchange contracts |  | -70,486.71 |
| - on futures |  | -127,007.87 |
| - on IRS and CDS |  | 0.00 |
| Total Net Realised Profit / (Loss) |  | -151,740.77 |
| Change in Net Unrealised Appreciation or Depreciation |  |  |
| - on investments | 1d | 735,904.61 |
| - on forward exchange contracts |  | -460,663.40 |
| - on futures |  | 13,924.90 |
| - on IRS and CDS |  | 0.00 |
| Result of operations |  | 137,425.34 |
| - Subscriptions |  | 105,100,904.39 |
| - Redemptions |  | -18,299,724.79 |
| Dividends paid | 12 | 0.00 |
| Net changes in Net Assets |  | 86,938,604.94 |
| Net assets at the beginning of the year |  | 0.00 |
| Net assets at the end of the year |  | 86,938,604.94 |

|  |
| --- |
| DPAM L CONVERTIBLE WORLD SUSTAINABLE |
|  |
|  | Notes | Value (in EUR) |
|  |
| Income |  |  |
| Dividends | 1e | 0.00 |
| Interest on bonds | 1e | 12,938.14 |
| Interest on IRS |  | 0.00 |
| Dividends on CDS |  | 0.00 |
| Interest on cash accounts |  | 11.82 |
| Commission on subscriptions and redemptions | 4, 8 | 0.00 |
| Tax claim |  | 0.00 |
| Other income |  | 0.00 |
| Total Income |  | 12,949.96 |
| Expenses |  |  |
| Performance fee | 5 | 0.00 |
| Management Fee | 5 | 16,696.97 |
| Depositary fees |  | 848.06 |
| Subscription tax | 6 | 1,741.01 |
| Administration fees |  | 5,042.68 |
| Miscellaneous fees |  | 1,990.97 |
| Transaction fees |  | 21,793.01 |
| Interest on IRS |  | 0.00 |
| Interest expenses on CDS |  | 0.00 |
| Overdraft interest |  | 1,894.48 |
| Taxes paid to foreign authorities |  | 2,600.00 |
| Total Expenses |  | 52,607.18 |
| Net Profit / (Loss) |  | -39,657.22 |
| Net Realised Profit / (Loss) |  |  |
| - on investments | 1b | 208,049.39 |
| - on currencies |  | 10,294.22 |
| - on forward exchange contracts |  | -557.87 |
| - on futures |  | 119,931.45 |
| - on IRS and CDS |  | 0.00 |
| Total Net Realised Profit / (Loss) |  | 298,059.97 |
| Change in Net Unrealised Appreciation or Depreciation |  |  |
| - on investments | 1d | 782,997.47 |
| - on forward exchange contracts |  | 342,031.28 |
| - on futures |  | -90,719.79 |
| - on IRS and CDS |  | 0.00 |
| Result of operations |  | 1,332,368.93 |
| - Subscriptions |  | 29,136,931.80 |
| - Redemptions |  | -1,601,809.50 |
| Dividends paid | 12 | 0.00 |
| Net changes in Net Assets |  | 28,867,491.23 |
| Net assets at the beginning of the year |  | 0.00 |
| Net assets at the end of the year |  | 28,867,491.23 |

|  |
| --- |
| DPAM L BONDS EUR QUALITY SUSTAINABLE |
|  |
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
|  |
| Transferable securities admitted to an official stock exchange or dealt in on another regulated market |  |  |  |  |  |
| Bonds |  |  |  |  |  |
| ABBOTT IRELAND FINANCE 0,375 19-191127 | 2,500,000 | EUR | 2,481,400.00 | 2,569,012.50 | 0.18% |
| ABBOTT IRELAND FINANCE 0,875 18-270923 | 1,500,000 | EUR | 1,498,680.00 | 1,546,072.50 | 0.11% |
| ABBOTT IRELAND FINANCE 1,50 18-270926 | 4,000,000 | EUR | 3,997,910.00 | 4,351,620.00 | 0.30% |
| AB INBEV 2,875 20-020432 | 8,000,000 | EUR | 9,006,969.99 | 10,052,520.00 | 0.69% |
| ACTIVIDADES DE CONSTRUCCION Y SERVICIOS 1,375 20-170625 | 1,500,000 | EUR | 1,499,205.00 | 1,540,987.50 | 0.11% |
| ADIDAS A.G. 0,00 20-051028 | 1,000,000 | EUR | 994,100.00 | 1,008,550.00 | 0.07% |
| AEROPORTS DE PARIS 1,00 20-050129 | 3,000,000 | EUR | 2,936,040.00 | 3,190,320.00 | 0.22% |
| AGEAS N.V. FRN 20-241151 | 4,000,000 | EUR | 3,985,040.00 | 4,070,200.00 | 0.28% |
| AHOLD DELHAIZE N.V. 1,125 18-190326 | 4,000,000 | EUR | 4,086,140.00 | 4,260,700.00 | 0.29% |
| AIR LIQUIDE FINANCE 0,625 19-200630 | 2,200,000 | EUR | 2,177,736.00 | 2,337,511.00 | 0.16% |
| AIR LIQUIDE FINANCE 1,875 14-050624 | 2,000,000 | EUR | 2,042,072.68 | 2,150,660.00 | 0.15% |
| AIR PRODUCTS & CHEMICALS INC. 0,50 20-050528 | 1,300,000 | EUR | 1,295,125.00 | 1,346,852.00 | 0.09% |
| AKELIUS RESIDENTIAL 1,125 20-110129 | 1,000,000 | EUR | 998,610.00 | 1,034,345.00 | 0.07% |
| AKELIUS RESIDENTIAL PROPERTY 1,125 17-141124 | 1,500,000 | EUR | 1,477,500.00 | 1,545,360.00 | 0.11% |
| AKZO NOBEL N.V. 1,625 20-140430 | 1,000,000 | EUR | 993,970.00 | 1,130,720.00 | 0.08% |
| ALLIANDER N.V. 0,375 20-100630 | 1,500,000 | EUR | 1,496,775.00 | 1,551,562.50 | 0.11% |
| ALLIANDER N.V. FRN 18-PERPETUAL | 2,400,000 | EUR | 2,379,456.00 | 2,536,296.00 | 0.17% |
| ALLIANZ SE 3,099 17-060747 | 2,000,000 | EUR | 2,048,485.45 | 2,315,800.00 | 0.16% |
| ALLIANZ SE FRN 12-171042 | 1,000,000 | EUR | 1,200,800.00 | 1,099,620.00 | 0.08% |
| ALLIANZ SE FRN 15-070745 | 3,000,000 | EUR | 3,035,130.00 | 3,237,930.00 | 0.22% |
| ALLIANZ SE FRN 19-250949 | 2,000,000 | EUR | 1,992,290.00 | 2,072,290.00 | 0.14% |
| AMERICA MOBIL SAB DE CV 1,50 16-100324 | 2,000,000 | EUR | 2,063,400.00 | 2,096,560.00 | 0.14% |
| AMERICA MOVIL S.A.B. DE CV 0,75 19-260627 | 8,000,000 | EUR | 7,952,209.99 | 8,251,560.00 | 0.57% |
| AMERICA MOVIL S.A.B. DE CV 2,125 16-100328 | 7,000,000 | EUR | 7,927,429.78 | 7,933,030.00 | 0.55% |
| AMERICA MOVIL S.A.B. DE CV FRN 13-060973 | 9,800,000 | EUR | 11,397,688.41 | 11,267,060.00 | 0.78% |
| AMERICAN HONDA FINANCE 1,95 20-181024 | 2,000,000 | EUR | 1,997,360.00 | 2,152,350.00 | 0.15% |
| ANHEUSER BUSCH INBEV 1,15 18-220127 | 2,000,000 | EUR | 1,994,266.00 | 2,136,390.00 | 0.15% |
| ANHEUSER BUSCH INBEV 1,65 19-280331 | 3,000,000 | EUR | 2,984,490.00 | 3,378,705.00 | 0.23% |
| ANHEUSER BUSCH INBEV 2,75 16-170336 | 4,000,000 | EUR | 4,196,345.00 | 5,051,140.00 | 0.35% |
| ANZ BANKING GROUP FRN 19-211129 | 3,000,000 | EUR | 3,003,726.00 | 3,059,550.00 | 0.21% |
| ARGENTA SPAARBANK 1,00 19-060224 | 4,000,000 | EUR | 3,998,840.00 | 4,146,960.00 | 0.29% |
| ARGENTA SPAARBANK 1,00 20-290127 | 2,000,000 | EUR | 1,990,600.00 | 2,050,970.00 | 0.14% |
| ARGENTA SPAARBANK 1,0 20-131026 | 2,500,000 | EUR | 2,485,850.00 | 2,554,875.00 | 0.18% |
| ARGENTA SPAARBANK 3,875 16-240526 | 4,000,000 | EUR | 4,040,200.00 | 4,060,400.00 | 0.28% |
| ARGENTUM NETHERLAND 2,00 18-170930 | 1,200,000 | EUR | 1,198,860.00 | 1,412,496.00 | 0.10% |
| ARGENTUM NETHERLAND FRN 19-190249 | 3,000,000 | EUR | 2,974,740.00 | 3,434,850.00 | 0.24% |
| ARKEMA 1,50 15-200125 | 1,500,000 | EUR | 1,541,985.00 | 1,599,517.50 | 0.11% |
| ARKEMA 1,50 17-200427 | 4,000,000 | EUR | 3,940,000.00 | 4,366,160.00 | 0.30% |
| AROUNDTOWN PROPERTY FRN 19-PERPETUAL | 5,000,000 | EUR | 5,127,345.62 | 5,150,425.00 | 0.35% |
| AROUNDTOWN S.A. 0,00 20-160726 | 2,000,000 | EUR | 1,962,900.00 | 1,961,560.00 | 0.13% |
| ASAHI GROUP 0,155 20-231024 | 1,400,000 | EUR | 1,400,000.00 | 1,408,883.00 | 0.10% |
| ASAHI GROUP 0,541 20-231028 | 2,000,000 | EUR | 2,000,000.00 | 2,033,250.00 | 0.14% |
| ASML HLDG N.V. 0,25 20-250230 | 2,000,000 | EUR | 1,980,580.00 | 2,042,290.00 | 0.14% |
| ASML HLDG N.V. 0,625 20-070529 | 1,000,000 | EUR | 998,950.00 | 1,051,050.00 | 0.07% |
| ASSICURAZIONI GENERALI 2,429 20-140731 | 2,700,000 | EUR | 2,700,000.00 | 2,964,195.00 | 0.20% |
| ASSICURAZIONI GENERALI 3,875 19-290129 | 3,000,000 | EUR | 3,423,586.61 | 3,579,585.00 | 0.25% |

DPAM L BONDS EUR QUALITY SUSTAINABLE
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| ASSICURAZIONI GENERALI FRN 16-080648 | 5,000,000 | EUR | 5,795,180.00 | 6,065,275.00 | 0.42% |
| --- | --- | --- | --- | --- | --- |
| AT&T INC. 1,45 14-010622 | 1,500,000 | EUR | 1,495,710.00 | 1,530,037.50 | 0.11% |
| AT&T INC. 1,60 20-190528 | 2,000,000 | EUR | 1,998,520.00 | 2,185,530.00 | 0.15% |
| AT&T INC. 3,15 17-040936 | 3,000,000 | EUR | 3,185,845.00 | 3,804,330.00 | 0.26% |
| AT&T INC. 3,55 12-171232 | 2,000,000 | EUR | 2,326,200.00 | 2,622,630.00 | 0.18% |
| ATF NETHERLANDS B.V. 1,875 17-190126 | 3,100,000 | EUR | 3,031,741.00 | 3,344,931.00 | 0.23% |
| ATOS SE 0,75 18-070522 | 3,000,000 | EUR | 2,992,620.00 | 3,038,580.00 | 0.21% |
| AUTOROUTES DU SUD DE LA FRANCE 1,00 16-130526 | 1,200,000 | EUR | 1,186,788.00 | 1,275,150.00 | 0.09% |
| AXA FRN 13-040743 | 2,500,000 | EUR | 2,801,930.00 | 2,807,112.50 | 0.19% |
| AXA FRN 14-PERPETUAL | 2,500,000 | EUR | 2,656,725.00 | 2,844,812.50 | 0.20% |
| AXA FRN 18-280549 | 3,000,000 | EUR | 3,222,204.34 | 3,514,980.00 | 0.24% |
| BANCO BILBAO VIZCAYA 0,50 20-140127 | 2,000,000 | EUR | 1,984,280.00 | 2,043,350.00 | 0.14% |
| BANCO DE SABADELL 1,625 18-070324 | 6,000,000 | EUR | 6,150,790.00 | 6,270,060.00 | 0.43% |
| BANCO DE SABADELL 1,75 20-290623 | 400,000 | EUR | 399,884.00 | 410,368.00 | 0.03% |
| BANCO DE SABADELL FRN 20-110327 | 1,500,000 | EUR | 1,538,280.00 | 1,552,507.50 | 0.11% |
| BANCO SANTANDER S.A. 1,125 18-170125 | 1,900,000 | EUR | 1,895,934.00 | 1,976,988.00 | 0.14% |
| BANKINTER S.A. 0,625 20-061027 | 2,700,000 | EUR | 2,689,956.00 | 2,757,753.00 | 0.19% |
| BANK OF AMERICA 0,736 17-070222 | 2,000,000 | EUR | 2,000,000.00 | 2,002,100.00 | 0.14% |
| BANK OF AMERICA 1,625 15-140922 | 4,200,000 | EUR | 4,220,496.00 | 4,335,954.00 | 0.30% |
| BANK OF AMERICA FRN 19-080829 | 3,000,000 | EUR | 3,000,000.00 | 3,076,545.00 | 0.21% |
| BARCLAYS PLC FRN 19-090625 | 1,800,000 | EUR | 1,792,962.00 | 1,836,801.00 | 0.13% |
| BAXTER INTERNATIONAL 1,30 19-150529 | 6,000,000 | EUR | 6,425,470.01 | 6,529,620.00 | 0.45% |
| BECTON DICKINSON 1,90 16-151226 | 4,000,000 | EUR | 4,165,762.63 | 4,326,900.00 | 0.30% |
| BELFIUS BANQUE 0,375 20-020925 | 2,000,000 | EUR | 1,995,360.00 | 2,021,380.00 | 0.14% |
| BFCM 0,75 19-150623 | 1,500,000 | EUR | 1,492,380.00 | 1,538,722.50 | 0.11% |
| BFCM 1,25 17-260527 | 2,000,000 | EUR | 1,991,926.76 | 2,165,910.00 | 0.15% |
| BFCM 1,875 16-041126 | 3,000,000 | EUR | 2,963,443.50 | 3,252,900.00 | 0.22% |
| BFCM 1,875 19-180629 | 2,000,000 | EUR | 1,993,680.00 | 2,206,420.00 | 0.15% |
| BMW FINANCE N.V. 0,25 18-140122 | 3,000,000 | EUR | 2,987,550.00 | 3,017,250.00 | 0.21% |
| BMW FINANCE N.V. 0,375 20-140127 | 3,000,000 | EUR | 3,007,420.00 | 3,078,375.00 | 0.21% |
| BMW FINANCE N.V. 1,50 19-060229 | 6,000,000 | EUR | 6,290,196.90 | 6,700,350.00 | 0.46% |
| BNP PARIBAS S.A. 0,625 20-031232 | 4,700,000 | EUR | 4,695,676.00 | 4,752,334.50 | 0.33% |
| BNP PARIBAS S.A. 1,125 18-221123 | 1,500,000 | EUR | 1,498,350.00 | 1,554,577.50 | 0.11% |
| BNP PARIBAS S.A. 1,375 19-280529 | 2,000,000 | EUR | 1,988,220.00 | 2,175,860.00 | 0.15% |
| BNP PARIBAS S.A. 2,375 15-170225 | 1,500,000 | EUR | 1,632,450.00 | 1,616,377.50 | 0.11% |
| BNP PARIBAS S.A. FRN 14-141027 | 3,500,000 | EUR | 3,561,930.00 | 3,641,785.00 | 0.25% |
| BNP PARIBAS S.A. FRN 18-201130 | 2,000,000 | EUR | 2,061,252.00 | 2,162,710.00 | 0.15% |
| BNP PARIBAS S.A. FRN 19-230127 | 3,000,000 | EUR | 3,062,780.00 | 3,290,790.00 | 0.23% |
| BNP PARIBAS S.A. FRN 20-010928 | 3,000,000 | EUR | 2,978,880.00 | 3,033,705.00 | 0.21% |
| BNP PARIBAS S.A. FRN 20-141027 | 2,000,000 | EUR | 1,995,620.00 | 2,025,280.00 | 0.14% |
| BNP PARIBAS S.A. FRN 20-190228 | 3,000,000 | EUR | 2,990,550.00 | 3,036,180.00 | 0.21% |
| BOOKING HLDG 0,80 17-100322 | 2,000,000 | EUR | 2,008,180.00 | 2,021,920.00 | 0.14% |
| BOSTON SCIENTIFIC 0,625 19-011227 | 2,000,000 | EUR | 1,986,810.00 | 2,022,570.00 | 0.14% |
| BOUYGUES 1,125 20-240728 | 4,000,000 | EUR | 4,080,440.00 | 4,337,100.00 | 0.30% |
| BOUYGUES 3,625 12-160123 | 5,000,000 | EUR | 5,693,300.00 | 5,406,000.00 | 0.37% |
| BPCE S.A. 1,00 19-010425 | 1,600,000 | EUR | 1,597,216.00 | 1,665,240.00 | 0.11% |
| BPCE S.A. 1,00 19-150724 | 2,500,000 | EUR | 2,478,125.00 | 2,605,837.50 | 0.18% |
| BPCE S.A. 1,125 17-180123 | 2,000,000 | EUR | 2,017,000.00 | 2,053,460.00 | 0.14% |
| BPCE S.A. 2,875 16-220426 | 1,200,000 | EUR | 1,187,616.00 | 1,362,444.00 | 0.09% |
| BPCE S.A. 4,625 13-180723 | 3,500,000 | EUR | 4,002,992.00 | 3,908,660.00 | 0.27% |
| BPCE S.A. FRN 15-301127 | 2,000,000 | EUR | 2,076,480.00 | 2,098,330.00 | 0.14% |

DPAM L BONDS EUR QUALITY SUSTAINABLE
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| BPCE S.A. FRN 20-150927 | 2,000,000 | EUR | 1,984,280.00 | 2,031,970.00 | 0.14% |
| --- | --- | --- | --- | --- | --- |
| BRITISH TELECOM 2,125 18-260928 | 2,000,000 | EUR | 2,210,300.00 | 2,259,140.00 | 0.16% |
| CA-IMMOBILIEN 0,875 20-150227 | 2,000,000 | EUR | 1,983,440.00 | 2,013,970.00 | 0.14% |
| CAIXABANK S.A.. FRN 20-181126 | 2,000,000 | EUR | 1,994,660.00 | 2,008,980.00 | 0.14% |
| CAIXABANK S.A. 0,375 20-030225 | 2,000,000 | EUR | 1,994,120.00 | 2,026,630.00 | 0.14% |
| CAIXABANK S.A. 1,375 19-190626 | 1,000,000 | EUR | 994,120.00 | 1,055,625.00 | 0.07% |
| CAIXABANK S.A. FRN 20-100726 | 2,000,000 | EUR | 1,991,700.00 | 2,056,320.00 | 0.14% |
| CAPGEMINI SE 0,625 20-230625 | 1,000,000 | EUR | 998,870.00 | 1,029,610.00 | 0.07% |
| CAPGEMINI SE 1,00 18-181024 | 2,000,000 | EUR | 2,006,693.33 | 2,080,560.00 | 0.14% |
| CAPGEMINI SE 2,00 20-150429 | 5,000,000 | EUR | 5,022,368.00 | 5,682,575.00 | 0.39% |
| CIE FINANCE ET INDUSTRIES 0,375 16-070225 | 1,000,000 | EUR | 999,590.00 | 1,026,900.00 | 0.07% |
| CIE SAINT GOBAIN 1,75 20-030423 | 2,000,000 | EUR | 1,998,260.00 | 2,085,820.00 | 0.14% |
| CITIGROUP INC. 1,625 18-210328 | 2,000,000 | EUR | 2,004,000.00 | 2,202,390.00 | 0.15% |
| CITIGROUP INC. FRN 18-240726 | 5,000,000 | EUR | 4,987,470.00 | 5,317,125.00 | 0.37% |
| CITIGROUP INC. FRN 20-060726 | 4,000,000 | EUR | 4,037,300.00 | 4,215,000.00 | 0.29% |
| CLOVERIE PLC ZURICH 1,50 18-151228 | 3,500,000 | EUR | 3,581,530.00 | 3,916,972.50 | 0.27% |
| CLOVERIE PLC ZURICH 1,75 14-160924 | 3,000,000 | EUR | 2,983,370.00 | 3,224,805.00 | 0.22% |
| CNP ASSURANCES 0,375 20-080328 | 3,000,000 | EUR | 2,991,450.00 | 2,998,230.00 | 0.21% |
| COCA-COLA CO 0,125 20-150329 | 2,000,000 | EUR | 1,992,760.00 | 2,016,250.00 | 0.14% |
| COCA-COLA EUROPEAN PARTNERS 0,70 19-120931 | 3,500,000 | EUR | 3,506,435.00 | 3,546,847.50 | 0.24% |
| COCA-COLA HBC 0,625 19-211129 | 1,500,000 | EUR | 1,486,440.00 | 1,554,795.00 | 0.11% |
| COFINIMMO -SICAFI- S.A. 0,875 20-021230 | 1,000,000 | EUR | 992,220.00 | 1,017,700.00 | 0.07% |
| CONTI-GUMMI FINANCE 2,125 20-271123 | 3,000,000 | EUR | 3,041,960.00 | 3,173,895.00 | 0.22% |
| CONTINENTAL 0,375 19-270625 | 3,000,000 | EUR | 2,994,060.00 | 3,025,575.00 | 0.21% |
| COOP RABOBANK 0,625 19-270224 | 2,500,000 | EUR | 2,495,100.00 | 2,561,200.00 | 0.18% |
| COOP RABOBANK 0,875 20-050528 | 2,500,000 | EUR | 2,497,800.00 | 2,623,525.00 | 0.18% |
| COOP RABOBANK 1,25 16-230326 | 3,000,000 | EUR | 3,082,496.00 | 3,213,825.00 | 0.22% |
| CPI PROPERTY 1,625 19-230427 | 1,200,000 | EUR | 1,135,110.00 | 1,234,476.00 | 0.08% |
| CPI PROPERTY 2,75 20-120526 | 2,867,000 | EUR | 3,046,546.58 | 3,114,895.15 | 0.21% |
| CREDIT AGRICOLE 0,75 18-051223 | 2,800,000 | EUR | 2,786,084.00 | 2,881,522.00 | 0.20% |
| CREDIT AGRICOLE 1,00 17-160924 | 3,000,000 | EUR | 2,980,647.00 | 3,137,985.00 | 0.22% |
| CREDIT AGRICOLE 1,75 19-050329 | 3,000,000 | EUR | 3,034,650.00 | 3,358,950.00 | 0.23% |
| CREDIT AGRICOLE S.A. 0,875 20-140132 | 3,300,000 | EUR | 3,285,447.00 | 3,466,237.50 | 0.24% |
| CREDIT AGRICOLE S.A. 1,625 20-050630 | 2,600,000 | EUR | 2,599,870.00 | 2,716,428.00 | 0.19% |
| CREDIT AGRICOLE S.A. 2,625 15-170327 | 1,500,000 | EUR | 1,617,916.66 | 1,687,537.50 | 0.12% |
| CRH FINANCE B.V. 3,125 13-030423 | 3,000,000 | EUR | 3,383,400.00 | 3,225,420.00 | 0.22% |
| CRH FINANCE B.V. BV 1,625 20-050530 | 1,200,000 | EUR | 1,194,300.00 | 1,349,214.00 | 0.09% |
| CRH FINANCE DAC 1,375 16-181028 | 1,500,000 | EUR | 1,490,124.23 | 1,641,727.50 | 0.11% |
| CTP B.V. 2,125 20-011025 | 2,500,000 | EUR | 2,631,685.00 | 2,647,850.00 | 0.18% |
| DAIMLER A.G. 0,75 20-100930 | 2,100,000 | EUR | 2,082,948.00 | 2,186,530.50 | 0.15% |
| DAIMLER A.G. 2,625 20-070425 | 8,000,000 | EUR | 8,231,019.50 | 8,873,120.00 | 0.61% |
| DAIMLER INTERNATIONAL FINANCE 0,25 18-110522 | 2,000,000 | EUR | 1,993,600.00 | 2,014,340.00 | 0.14% |
| DAIMLER INTERNATIONAL FINANCE 0,625 19-060527 | 6,000,000 | EUR | 5,922,964.00 | 6,150,870.00 | 0.42% |
| DAIMLER INTERNATIONAL FINANCE 1,00 18-111125 | 3,500,000 | EUR | 3,511,030.00 | 3,661,140.00 | 0.25% |
| DANAHER CORP. 2,10 20-300926 | 2,500,000 | EUR | 2,492,925.00 | 2,790,750.00 | 0.19% |
| DANAHER CORP. 2,50 20-300330 | 1,350,000 | EUR | 1,366,621.00 | 1,614,647.25 | 0.11% |
| DANONE 0,395 20-100629 | 1,000,000 | EUR | 1,000,000.00 | 1,031,600.00 | 0.07% |
| DANONE FRN 17-PERPETUAL | 3,000,000 | EUR | 3,017,750.00 | 3,090,330.00 | 0.21% |
| DEUTSCHE BOERSE FRN 20-160647 | 1,200,000 | EUR | 1,200,000.00 | 1,233,552.00 | 0.08% |
| DEUTSCHE POST 0,75 20-200529 | 4,000,000 | EUR | 3,995,160.00 | 4,255,540.00 | 0.29% |
| DEUTSCHE POST 1,00 17-131227 | 2,000,000 | EUR | 1,983,780.00 | 2,136,330.00 | 0.15% |

DPAM L BONDS EUR QUALITY SUSTAINABLE
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| DEUTSCHE POST 1,625 18-051228 | 4,000,000 | EUR | 4,079,900.00 | 4,511,460.00 | 0.31% |
| --- | --- | --- | --- | --- | --- |
| DEUTSCHE TELEKOM A.G 1,375 19-050734 | 3,000,000 | EUR | 3,048,650.00 | 3,374,505.00 | 0.23% |
| DEUTSCHE WOHNEN SE 1,00 20-300425 | 1,000,000 | EUR | 989,100.00 | 1,046,360.00 | 0.07% |
| DEUTSCHE WOHNEN SE 1,50 20-300430 | 1,000,000 | EUR | 982,110.00 | 1,111,375.00 | 0.08% |
| DH EUROPE FINANCE 1,20 17-300627 | 4,000,000 | EUR | 4,148,456.20 | 4,279,460.00 | 0.29% |
| DH EUROPE FINANCE 1,80 19-180949 | 2,000,000 | EUR | 2,001,230.00 | 2,272,570.00 | 0.16% |
| DIAGEO CAPITAL 0,125 20-280928 | 3,000,000 | EUR | 2,984,760.00 | 3,008,205.00 | 0.21% |
| DIAGEO FINANCE PLC 1,00 18-220425 | 2,500,000 | EUR | 2,480,875.00 | 2,619,412.50 | 0.18% |
| DIGITAL DUTCH FINCO 1,00 20-150132 | 1,700,000 | EUR | 1,683,289.00 | 1,763,537.50 | 0.12% |
| DNB BANK ASA FRN 18-200328 | 1,500,000 | EUR | 1,494,060.00 | 1,538,602.50 | 0.11% |
| DSV PANALPINA 0,375 20-260227 | 2,000,000 | EUR | 1,995,180.00 | 2,021,390.00 | 0.14% |
| EDENRED 1,875 18-060326 | 3,500,000 | EUR | 3,486,525.00 | 3,836,455.00 | 0.26% |
| EDF 1,00 16-131026 | 1,500,000 | EUR | 1,479,890.00 | 1,590,765.00 | 0.11% |
| EDF 4,625 09-110924 | 1,500,000 | EUR | 1,808,250.00 | 1,765,230.00 | 0.12% |
| EDF 4,625 10-260430 | 5,500,000 | EUR | 6,976,813.85 | 7,746,420.00 | 0.53% |
| EDF S.A. 2,00 18-021030 | 1,500,000 | EUR | 1,470,210.00 | 1,749,450.00 | 0.12% |
| EDP FINANCE B.V. 0,375 19-160926 | 1,000,000 | EUR | 996,350.00 | 1,016,960.00 | 0.07% |
| EDP FINANCE B.V. 1,125 16-120224 | 2,500,000 | EUR | 2,482,056.25 | 2,587,900.00 | 0.18% |
| EDP FINANCE B.V. 1,875 18-131025 | 3,000,000 | EUR | 2,983,650.00 | 3,267,690.00 | 0.22% |
| EDP FINANCE B.V. 2,375 16-230323 | 1,000,000 | EUR | 1,017,492.88 | 1,057,035.00 | 0.07% |
| ELIA TRANSMISSION 0,875 20-280430 | 2,300,000 | EUR | 2,270,813.00 | 2,426,143.50 | 0.17% |
| ELI ELLY & CO 1,625 15-020626 | 3,000,000 | EUR | 3,072,615.00 | 3,279,285.00 | 0.23% |
| ELI LILLY & CO 0,625 19-011131 | 2,000,000 | EUR | 2,028,100.00 | 2,117,230.00 | 0.15% |
| ENAGAS FINANCIACIONES 0,375 20-051132 | 2,500,000 | EUR | 2,490,650.00 | 2,523,100.00 | 0.17% |
| ENBW INTERNATIONAL 0,625 20-170425 | 1,200,000 | EUR | 1,194,240.00 | 1,240,872.00 | 0.09% |
| ENECO HLDG FRN 14-PERPETUAL | 4,000,000 | EUR | 4,074,900.00 | 4,108,520.00 | 0.28% |
| ENEL 5,625 07-210627 | 2,500,000 | EUR | 3,217,653.00 | 3,399,412.50 | 0.23% |
| ENEL FINANCE INTERNATIONAL 0,375 19-170627 | 3,000,000 | EUR | 2,977,710.00 | 3,063,240.00 | 0.21% |
| ENEL FINANCE INTERNATIONAL 1,00 17-160924 | 1,600,000 | EUR | 1,584,016.00 | 1,667,936.00 | 0.11% |
| ENEL FINANCE INTERNATIONAL 1,375 16-010626 | 3,445,000 | EUR | 3,467,700.26 | 3,705,941.52 | 0.26% |
| ENEL FINANCE INTERNATIONAL 1,50 19-210725 | 2,000,000 | EUR | 1,971,300.00 | 2,140,250.00 | 0.15% |
| ENEL FINANCE INTERNATIONAL 1,966 15-270125 | 1,500,000 | EUR | 1,615,500.00 | 1,624,920.00 | 0.11% |
| ENEL SpA FRN 18-24112100 | 7,000,000 | EUR | 7,344,069.99 | 7,769,160.00 | 0.53% |
| ENEL SpA FRN 20-PERPETUAL | 1,400,000 | EUR | 1,389,668.00 | 1,462,181.00 | 0.10% |
| ENERGY BADEN-WUERTT FRN 20-290680 | 1,500,000 | EUR | 1,489,500.00 | 1,557,150.00 | 0.11% |
| ENEXIS HLDG N.V. 0,625 20-170632 | 3,000,000 | EUR | 2,993,790.00 | 3,156,150.00 | 0.22% |
| ERSTE GROUP BANK 0,05 20-160925 | 1,000,000 | EUR | 997,010.00 | 1,005,740.00 | 0.07% |
| ERSTE GROUP BANK FRN 20-080931 | 5,000,000 | EUR | 5,098,640.00 | 5,220,750.00 | 0.36% |
| EUROCLEAR BANK 0,125 20-070725 | 5,000,000 | EUR | 4,984,412.00 | 5,069,400.00 | 0.35% |
| EUROCLEAR BANK 0,25 18-070922 | 1,500,000 | EUR | 1,493,040.00 | 1,514,302.50 | 0.10% |
| EUROCLEAR BANK 0,50 18-100723 | 3,500,000 | EUR | 3,490,375.00 | 3,575,722.50 | 0.25% |
| EUROCLEAR INVESTMENT 1,125 16-071226 | 3,000,000 | EUR | 3,009,351.00 | 3,233,310.00 | 0.22% |
| EUTELSAT 1,50 20-131028 | 2,000,000 | EUR | 1,992,380.00 | 2,033,710.00 | 0.14% |
| EWE A.G. 0,375 20-221032 | 3,000,000 | EUR | 2,962,650.00 | 3,026,190.00 | 0.21% |
| FASTIGHETS AB BALD 1,125 19-290127 | 2,500,000 | EUR | 2,551,500.00 | 2,537,087.50 | 0.17% |
| FCC MEDIO AMBIENTE 0,815 19-041223 | 1,500,000 | EUR | 1,500,000.00 | 1,531,222.50 | 0.11% |
| FERROVIAL EMISIONES 0,54 20-121128 | 2,400,000 | EUR | 2,400,000.00 | 2,427,000.00 | 0.17% |
| FIDELITY NATIONAL 0,625 19-031225 | 1,500,000 | EUR | 1,498,590.00 | 1,544,790.00 | 0.11% |
| FIDELITY NATIONAL INFORMATION SERVICES 1,50 19-210527 | 5,000,000 | EUR | 5,038,200.00 | 5,395,700.00 | 0.37% |
| FLUVIUS SYSTEM 0,25 20-021230 | 1,700,000 | EUR | 1,698,657.00 | 1,725,134.50 | 0.12% |
| FRESENIUS MEDICAL CARE 1,00 20-290526 | 1,000,000 | EUR | 994,050.00 | 1,045,180.00 | 0.07% |

DPAM L BONDS EUR QUALITY SUSTAINABLE
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| FRESENIUS SE & CO 1,625 20-081027 | 1,500,000 | EUR | 1,485,315.00 | 1,641,322.50 | 0.11% |
| --- | --- | --- | --- | --- | --- |
| GENERAL ELECTRIC CO 4,125 05-190935 | 4,000,000 | EUR | 5,115,513.23 | 5,253,780.00 | 0.36% |
| GIVAUDAN NEDERLAND 1,625 20-220432 | 3,000,000 | EUR | 3,030,230.00 | 3,426,465.00 | 0.24% |
| GLAXOSMITHKLINE CAPITAL 1,25 18-210526 | 2,000,000 | EUR | 2,010,727.14 | 2,137,720.00 | 0.15% |
| GLAXOSMITHKLINE CAPITAL 1,375 14-021224 | 2,000,000 | EUR | 2,070,690.00 | 2,122,160.00 | 0.15% |
| GLOBALWORTH REAL ESTATE 3,00 18-290325 | 4,000,000 | EUR | 4,183,959.29 | 4,248,060.00 | 0.29% |
| GOLDMAN SACHS 0,125 19-190824 | 3,000,000 | EUR | 2,984,670.00 | 3,013,605.00 | 0.21% |
| GOLDMAN SACHS 0,875 20-210130 | 2,500,000 | EUR | 2,514,340.00 | 2,627,750.00 | 0.18% |
| GOLDMAN SACHS 1,375 17-150524 | 2,000,000 | EUR | 2,004,400.00 | 2,065,630.00 | 0.14% |
| GOLDMAN SACHS GROUP 1,375 15-260722 | 2,000,000 | EUR | 2,037,260.00 | 2,051,970.00 | 0.14% |
| GOLDMAN SACHS GROUP 2,875 14-030626 | 4,000,000 | EUR | 4,478,417.67 | 4,587,560.00 | 0.32% |
| GOLDMAN SACHS GROUP 3,25 13-010223 | 2,000,000 | EUR | 2,083,023.00 | 2,144,100.00 | 0.15% |
| GOLDMAN SACHS GROUP 4,75 06-121021 | 1,500,000 | EUR | 1,648,800.00 | 1,553,895.00 | 0.11% |
| GRAND CITY PROPERTIES FRN 20-PERPETUAL | 2,500,000 | EUR | 2,467,575.00 | 2,471,862.50 | 0.17% |
| GRAND CITY PROPERTIES S.A. 1,375 17-030826 | 2,000,000 | EUR | 1,936,400.00 | 2,129,360.00 | 0.15% |
| HANNOVER RUECK FRN 20-081040 | 3,000,000 | EUR | 2,978,130.00 | 3,222,480.00 | 0.22% |
| HEIDELBERGCEMENT A.G. 1,625 17-070426 | 3,000,000 | EUR | 2,986,440.00 | 3,226,155.00 | 0.22% |
| HEIDELBERGCEMENT A.G. 2,50 20-091024 | 2,000,000 | EUR | 1,992,100.00 | 2,183,570.00 | 0.15% |
| HEIMSTADEN BOSTAD 1,125 20-210126 | 6,000,000 | EUR | 5,874,160.00 | 6,220,500.00 | 0.43% |
| HEIMSTADEN BOSTAD 1,375 20-030327 | 1,000,000 | EUR | 992,890.00 | 1,052,470.00 | 0.07% |
| HEINEKEN N.V. 1,25 20-070533 | 3,000,000 | EUR | 2,992,500.00 | 3,298,650.00 | 0.23% |
| HEINEKEN N.V. 1,625 20-300325 | 1,200,000 | EUR | 1,196,976.00 | 1,288,386.00 | 0.09% |
| HEINEKEN N.V. 3,50 12-190324 | 2,000,000 | EUR | 2,310,570.00 | 2,239,900.00 | 0.15% |
| HELVETIA EUROPE FRN 20-300941 | 2,000,000 | EUR | 1,981,680.00 | 2,205,510.00 | 0.15% |
| HERA SpA 0,25 20-031230 | 3,000,000 | EUR | 2,971,140.00 | 3,015,900.00 | 0.21% |
| HERA SpA 0,875 19-050727 | 1,500,000 | EUR | 1,476,105.00 | 1,582,590.00 | 0.11% |
| HOCHTIEF A.G. 1,75 18-030725 | 2,000,000 | EUR | 1,991,000.00 | 2,142,800.00 | 0.15% |
| HOLCIM FINANCE 0,50 20-230431 | 4,000,000 | EUR | 3,977,400.00 | 4,021,920.00 | 0.28% |
| HSBC FRANCE S.A. 0,25 19-170524 | 2,900,000 | EUR | 2,888,951.00 | 2,942,673.50 | 0.20% |
| HSBC FRANCE S.A. 0,60 18-200323 | 1,500,000 | EUR | 1,496,760.00 | 1,528,860.00 | 0.11% |
| HSBC HLDG PLC FRN 20-131126 | 2,000,000 | EUR | 2,000,000.00 | 2,025,700.00 | 0.14% |
| IBERDROLA FINANZAS 0,875 20-160625 | 2,000,000 | EUR | 1,995,680.00 | 2,084,010.00 | 0.14% |
| IBERDROLA FINANZAS 1,00 16-070324 | 1,500,000 | EUR | 1,487,655.00 | 1,552,747.50 | 0.11% |
| IBERDROLA FINANZAS 1,00 17-070325 | 3,000,000 | EUR | 2,980,800.00 | 3,138,435.00 | 0.22% |
| IBERDROLA INTERNATIONAL B.V. 16-210426 | 1,000,000 | EUR | 994,930.00 | 1,064,985.00 | 0.07% |
| IBERDROLA INTERNATIONAL B.V. FRN 17-PERPETUAL | 3,000,000 | EUR | 2,917,650.00 | 3,084,570.00 | 0.21% |
| IBERDROLA INTERNATIONAL B.V. FRN 18-PERPETUAL | 2,000,000 | EUR | 2,037,120.00 | 2,120,450.00 | 0.15% |
| IBERDROLA INTERNATIONAL B.V. FRN 19-PERPETUAL | 1,500,000 | EUR | 1,518,875.00 | 1,647,255.00 | 0.11% |
| IBERDROLA INTERNATIONAL B.V. FRN 20-PERPETUAL | 3,000,000 | EUR | 3,000,000.00 | 3,156,540.00 | 0.22% |
| IBM CORP. 0,65 20-110232 | 3,000,000 | EUR | 2,990,700.00 | 3,106,635.00 | 0.21% |
| IBM CORP. 0,95 17-230525 | 3,000,000 | EUR | 3,005,550.00 | 3,151,275.00 | 0.22% |
| IBM CORP. 1,25 19-290127 | 1,700,000 | EUR | 1,691,415.00 | 1,832,200.50 | 0.13% |
| IBM CORP. 1,50 17-230529 | 1,000,000 | EUR | 1,026,100.00 | 1,116,835.00 | 0.08% |
| IBM CORP. 1,75 19-310131 | 2,000,000 | EUR | 1,979,080.00 | 2,296,660.00 | 0.16% |
| ICADE SANTE 1,375 20-170930 | 1,500,000 | EUR | 1,498,890.00 | 1,607,805.00 | 0.11% |
| ILLINOIS TOOL WORKS 0,625 19-051227 | 3,000,000 | EUR | 2,980,290.00 | 3,132,975.00 | 0.22% |
| ILLINOIS TOOL WORKS 2,125 15-220530 | 3,000,000 | EUR | 2,979,090.00 | 3,586,170.00 | 0.25% |
| IMMOBILIA COLONIAL 1,35 20-141028 | 1,500,000 | EUR | 1,494,135.00 | 1,553,355.00 | 0.11% |
| IMMOBILIARIA COL SOC 1,45 16-281024 | 1,600,000 | EUR | 1,596,540.00 | 1,672,144.00 | 0.12% |
| IN'LI 1,125 19-020729 | 2,000,000 | EUR | 1,993,800.00 | 2,149,560.00 | 0.15% |
| ING BANK FRN 14-250226 | 3,000,000 | EUR | 3,137,010.55 | 3,015,915.00 | 0.21% |

DPAM L BONDS EUR QUALITY SUSTAINABLE
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| ING GROUP N.V. FRN 19-030925 | 1,000,000 | EUR | 999,750.00 | 1,004,510.00 | 0.07% |
| --- | --- | --- | --- | --- | --- |
| ING GROUP N.V. FRN 19-131130 | 2,500,000 | EUR | 2,495,650.00 | 2,533,225.00 | 0.17% |
| ING GROUP N.V. FRN 20-260531 | 3,700,000 | EUR | 3,763,186.00 | 3,958,130.50 | 0.27% |
| INMOBILIARIA COLONIAL 1,625 17-281125 | 2,000,000 | EUR | 1,973,816.00 | 2,119,380.00 | 0.15% |
| INMOBILIARIA COLONIAL 2,00 18-170426 | 4,000,000 | EUR | 3,966,887.00 | 4,310,860.00 | 0.30% |
| INTERNATIONAL FLAVOR & FRAGRA 1,75 16-140324 | 2,000,000 | EUR | 2,094,510.00 | 2,110,410.00 | 0.15% |
| INTESA SAN PAOLO SpA 0,75 19-041224 | 3,000,000 | EUR | 3,028,110.00 | 3,079,110.00 | 0.21% |
| INTESA SAN PAOLO SpA 1,75 18-200328 | 2,000,000 | EUR | 1,929,783.63 | 2,171,180.00 | 0.15% |
| INTESA SAN PAOLO SpA 1,75 19-040729 | 8,000,000 | EUR | 8,415,704.44 | 8,747,000.00 | 0.60% |
| INTESA SAN PAOLO SpA 3,50 14-170122 | 2,000,000 | EUR | 2,251,380.00 | 2,078,400.00 | 0.14% |
| INTESA SAN PAOLO SpA 4,00 13-301023 | 2,000,000 | EUR | 2,296,898.09 | 2,226,740.00 | 0.15% |
| INVESTOR AB 1,50 18-120930 | 1,500,000 | EUR | 1,496,730.00 | 1,705,567.50 | 0.12% |
| IREN SpA 0,875 16-041124 | 3,500,000 | EUR | 3,343,802.50 | 3,616,042.50 | 0.25% |
| IREN SpA 0,875 19-141029 | 1,500,000 | EUR | 1,490,175.00 | 1,585,860.00 | 0.11% |
| IREN SpA 1,00 20-010730 | 3,000,000 | EUR | 2,944,320.00 | 3,178,680.00 | 0.22% |
| IREN SpA 1,50 17-241027 | 4,000,000 | EUR | 3,860,000.00 | 4,361,080.00 | 0.30% |
| ITALGAS SpA 1,625 17-180129 | 4,000,000 | EUR | 3,832,921.33 | 4,508,540.00 | 0.31% |
| ITALGAS SpA 1,625 17-190127 | 3,277,000 | EUR | 3,168,897.51 | 3,613,236.59 | 0.25% |
| JP MORGAN CHASE & CO 0,625 16-250124 | 4,500,000 | EUR | 4,439,943.00 | 4,595,355.00 | 0.32% |
| JP MORGAN CHASE & CO 1,5 15-270125 | 3,000,000 | EUR | 3,061,198.39 | 3,192,285.00 | 0.22% |
| JP MORGAN CHASE & CO 2,75 13-010223 | 3,000,000 | EUR | 3,052,440.00 | 3,189,750.00 | 0.22% |
| JP MORGAN CHASE & CO FRN 17-180528 | 2,000,000 | EUR | 2,006,520.00 | 2,192,720.00 | 0.15% |
| JP MORGAN CHASE & CO FRN 19-110327 | 3,000,000 | EUR | 3,000,000.00 | 3,157,515.00 | 0.22% |
| JP MORGAN CHASE & CO FRN 19-250731 | 6,000,000 | EUR | 6,070,529.97 | 6,415,740.00 | 0.44% |
| JP MORGAN CHASE & CO FRN 20-240228 | 2,000,000 | EUR | 2,000,000.00 | 2,034,090.00 | 0.14% |
| JP MORGAN FRN 19-041132 | 3,000,000 | EUR | 3,000,000.00 | 3,234,945.00 | 0.22% |
| KBC GROUP 0,75 16-181023 | 2,500,000 | EUR | 2,490,880.41 | 2,566,475.00 | 0.18% |
| KBC GROUPE 0,75 20-240130 | 2,400,000 | EUR | 2,393,088.00 | 2,522,616.00 | 0.17% |
| KBC GROUP FRN 19-031229 | 4,000,000 | EUR | 3,962,830.00 | 3,981,180.00 | 0.27% |
| KBC GROUP FRN 20-160627 | 2,000,000 | EUR | 1,985,620.00 | 2,040,580.00 | 0.14% |
| KBC GROUP S.A. FRN 15-110327 | 8,500,000 | EUR | 8,677,000.49 | 8,673,697.50 | 0.60% |
| KERING 0,25 20-130523 | 2,000,000 | EUR | 1,997,140.00 | 2,020,900.00 | 0.14% |
| KERRY GROUP FINANCE SER 0,625 19-200929 | 3,000,000 | EUR | 2,969,730.00 | 3,102,405.00 | 0.21% |
| KLEPIERRE S.A. 0,875 20-170231 | 2,400,000 | EUR | 2,393,688.00 | 2,447,448.00 | 0.17% |
| KONINKLIJKE AHOLD 0,25 19-260625 | 2,000,000 | EUR | 1,985,440.00 | 2,041,790.00 | 0.14% |
| KONINKLIJKE AHOLD DELHAIZE 1,75 20-020427 | 2,200,000 | EUR | 2,294,390.00 | 2,443,386.00 | 0.17% |
| KONINKLIJKE DSM 0,625 20-230632 | 3,000,000 | EUR | 3,002,030.00 | 3,131,430.00 | 0.22% |
| KONINKLIJKE DSM 2,375 14-030424 | 2,000,000 | EUR | 2,197,000.00 | 2,161,320.00 | 0.15% |
| KONINKLIJKE PHILIPS 1,375 20-300325 | 1,100,000 | EUR | 1,095,050.00 | 1,166,214.50 | 0.08% |
| LA BANQUE POSTALE FNR 20-260131 | 2,500,000 | EUR | 2,496,700.00 | 2,524,587.50 | 0.17% |
| LA POSTE 1,375 20-210432 | 1,000,000 | EUR | 997,800.00 | 1,110,395.00 | 0.08% |
| LA POSTE S.A. 0,375 19-170927 | 5,000,000 | EUR | 4,997,650.00 | 5,136,075.00 | 0.35% |
| LA POSTE S.A. 1,45 18-301128 | 2,000,000 | EUR | 1,996,480.00 | 2,236,490.00 | 0.15% |
| LEGRAND S.A. 0,75 20-200530 | 2,000,000 | EUR | 1,991,960.00 | 2,122,820.00 | 0.15% |
| LINDE FINANCE B.V. 0,25 20-190527 | 2,500,000 | EUR | 2,498,950.00 | 2,551,812.50 | 0.18% |
| LLOYDS BANK CORP. 2,375 20-090426 | 4,000,000 | EUR | 4,404,039.92 | 4,477,360.00 | 0.31% |
| LLOYDS BANK CORP. MARKETS 0,25 19-041022 | 1,250,000 | EUR | 1,248,287.50 | 1,258,775.00 | 0.09% |
| LLOYDS BANK GROUP 0,375 20-280125 | 1,500,000 | EUR | 1,506,000.00 | 1,521,075.00 | 0.10% |
| LLOYDS BANK GROUP 1,50 17-120927 | 2,000,000 | EUR | 2,105,000.00 | 2,193,110.00 | 0.15% |
| LLOYDS BANK GROUP FRN 18-070928 | 2,000,000 | EUR | 2,013,092.00 | 2,062,130.00 | 0.14% |
| LLOYDS BANK GROUP FRN 19-121125 | 2,000,000 | EUR | 1,988,700.00 | 2,025,290.00 | 0.14% |

DPAM L BONDS EUR QUALITY SUSTAINABLE
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| LLOYDS BANK GROUP FRN 20-010426 | 2,700,000 | EUR | 2,972,641.00 | 3,073,558.50 | 0.21% |
| --- | --- | --- | --- | --- | --- |
| LONDON STOCK EXCHANGE GROUP 1,75 18-061227 | 4,000,000 | EUR | 4,248,531.01 | 4,419,320.00 | 0.30% |
| LONDON STOXK EXCHANGE GROUP 0,875 17-190924 | 3,000,000 | EUR | 2,990,451.00 | 3,101,160.00 | 0.21% |
| LONZA FINANCE INTERNATIONAL 1,625 20-210427 | 1,000,000 | EUR | 994,240.00 | 1,096,395.00 | 0.08% |
| LVMH 0,00 20-110226 | 3,000,000 | EUR | 2,987,790.00 | 3,027,225.00 | 0.21% |
| LVMH 0,75 17-260524 | 4,000,000 | EUR | 4,027,194.00 | 4,129,920.00 | 0.28% |
| LVMH 0,75 20-070425 | 1,000,000 | EUR | 997,170.00 | 1,038,875.00 | 0.07% |
| MC DONALD'S CORP. 1,60 19-150331 | 4,300,000 | EUR | 4,388,164.00 | 4,853,281.00 | 0.33% |
| MC DONALD'S CORP. 1,75 16-030528 | 3,500,000 | EUR | 3,863,500.00 | 3,924,410.00 | 0.27% |
| MEDIOBANCA 0,625 17-270922 | 4,000,000 | EUR | 3,786,360.91 | 4,056,000.00 | 0.28% |
| MEDIOBANCA 0,875 19-150126 | 2,600,000 | EUR | 2,595,060.00 | 2,670,083.00 | 0.18% |
| MEDIOBANCA 1,00 20-080927 | 1,600,000 | EUR | 1,593,024.00 | 1,659,000.00 | 0.11% |
| MEDIOBANCA 1,125 19-150725 | 2,000,000 | EUR | 1,992,620.00 | 2,077,290.00 | 0.14% |
| MEDIOBANCA 1,625 19-070125 | 500,000 | EUR | 499,465.00 | 528,540.00 | 0.04% |
| MEDTRONIC GLOBAL HL 1,625 20-151050 | 3,500,000 | EUR | 3,404,030.00 | 3,911,687.50 | 0.27% |
| MEDTRONIC GLOBAL HLDG 1,125 19-070327 | 6,000,000 | EUR | 6,248,110.00 | 6,418,380.00 | 0.44% |
| MEDTRONIC GLOBAL HLDG 1,625 19-070331 | 1,100,000 | EUR | 1,090,518.00 | 1,254,269.50 | 0.09% |
| MEDTRONIC GLOBAL HLDG 1,75 19-020749 | 1,000,000 | EUR | 1,032,160.00 | 1,162,070.00 | 0.08% |
| MEDTRONIC GLOBAL HLDG 2,25 19-070339 | 3,500,000 | EUR | 3,506,135.00 | 4,348,365.00 | 0.30% |
| MERCK FINANCIAL 0,50 20-160728 | 1,700,000 | EUR | 1,693,812.00 | 1,772,547.50 | 0.12% |
| MERCK FRN 20-090980 | 2,000,000 | EUR | 2,000,000.00 | 2,050,700.00 | 0.14% |
| MERLIN PROPERTIES 1,875 19-041234 | 6,000,000 | EUR | 5,906,230.00 | 6,112,800.00 | 0.42% |
| MERLIN PROPERTIES 2,375 20-130727 | 1,000,000 | EUR | 990,860.00 | 1,079,840.00 | 0.07% |
| MICHELIN 0,875 18-030925 | 2,000,000 | EUR | 1,981,980.00 | 2,097,200.00 | 0.14% |
| MITSUBISHI UFJ FINANCIAL 0,872 17-070924 | 3,800,000 | EUR | 3,787,220.00 | 3,932,392.00 | 0.27% |
| MITSUBISHI UFJ FINANCIAL 0,98 18-091023 | 2,000,000 | EUR | 2,000,000.00 | 2,064,970.00 | 0.14% |
| MITSUBISHI UFJ FINANCIAL GROUP 0,978 20-090624 | 1,000,000 | EUR | 1,000,000.00 | 1,036,645.00 | 0.07% |
| MONDELEZ INTL 0,875 19-011031 | 2,500,000 | EUR | 2,463,725.00 | 2,659,912.50 | 0.18% |
| MONDELEZ INTL 1,625 15-080327 | 2,000,000 | EUR | 2,022,890.00 | 2,187,720.00 | 0.15% |
| MOODY'S CORP. 0,95 19-250230 | 4,000,000 | EUR | 4,061,004.00 | 4,257,340.00 | 0.29% |
| MORGAN STANLEY 1,75 15-300125 | 3,500,000 | EUR | 3,548,440.00 | 3,746,942.50 | 0.26% |
| MORGAN STANLEY 1,875 14-300323 | 3,000,000 | EUR | 3,128,386.00 | 3,139,485.00 | 0.22% |
| MORGAN STANLEY FRN 17-231026 | 4,000,000 | EUR | 4,218,788.00 | 4,246,720.00 | 0.29% |
| MORGAN STANLEY FRN 19-260724 | 2,000,000 | EUR | 2,000,000.00 | 2,036,370.00 | 0.14% |
| MORGAN STANLEY FRN 20-261029 | 3,500,000 | EUR | 3,500,000.00 | 3,559,692.50 | 0.24% |
| MUNICH RE 1,25 20-260541 | 2,000,000 | EUR | 1,976,940.00 | 2,079,890.00 | 0.14% |
| MUNICH RE FRN 18-260549 | 4,000,000 | EUR | 4,061,200.00 | 4,755,700.00 | 0.33% |
| NASDAQ INC. 0,875 20-130230 | 1,500,000 | EUR | 1,495,140.00 | 1,560,960.00 | 0.11% |
| NASDAQ INC. 1,75 19-280329 | 4,000,000 | EUR | 4,142,155.00 | 4,458,800.00 | 0.31% |
| NATIONAL GRID 0,553 20-180929 | 1,500,000 | EUR | 1,500,000.00 | 1,540,290.00 | 0.11% |
| NATWEST MARKETS 1,125 18-140623 | 3,000,000 | EUR | 2,992,677.50 | 3,090,540.00 | 0.21% |
| NEDERLANDSE GASUNIE 0,375 19-031031 | 2,000,000 | EUR | 1,980,660.00 | 2,048,050.00 | 0.14% |
| NESTLE FINANCE INTERNATIONAL 0,00 20-030333 | 2,500,000 | EUR | 2,458,725.00 | 2,466,562.50 | 0.17% |
| NESTLE FINANCE INTERNATIONAL 0,125 20-121127 | 2,000,000 | EUR | 1,986,020.00 | 2,033,170.00 | 0.14% |
| NESTLE FINANCE INTERNATIONAL 0,375 20-120532 | 3,000,000 | EUR | 2,944,710.00 | 3,109,035.00 | 0.21% |
| NESTLE FINANCE INTERNATIONAL 1,125 20-010426 | 1,500,000 | EUR | 1,491,285.00 | 1,602,277.50 | 0.11% |
| NESTLE HLDG 0,875 17-180725 | 2,000,000 | EUR | 2,025,260.00 | 2,099,580.00 | 0.14% |
| NISSAN MOTOR 1,94 20-150923 | 1,500,000 | EUR | 1,516,470.00 | 1,564,680.00 | 0.11% |
| NN GROUP N.V. 1,625 17-070727 | 2,000,000 | EUR | 2,050,100.00 | 2,195,850.00 | 0.15% |
| NN GROUP N.V. FRN 14-PERPETUAL | 3,000,000 | EUR | 3,266,234.01 | 3,469,665.00 | 0.24% |
| NORDEA BANK 0,50 20-140527 | 2,000,000 | EUR | 1,984,840.00 | 2,069,740.00 | 0.14% |

DPAM L BONDS EUR QUALITY SUSTAINABLE
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| NORDEA BANK FRN 16-070926 | 2,500,000 | EUR | 2,507,370.00 | 2,514,587.50 | 0.17% |
| --- | --- | --- | --- | --- | --- |
| NORTEGAS ENERGIA 2,065 17-280927 | 3,500,000 | EUR | 3,497,879.00 | 3,826,952.50 | 0.26% |
| NYKREDIT REALKRED 0,25 20-130126 | 2,500,000 | EUR | 2,496,700.00 | 2,502,575.00 | 0.17% |
| ORANGE 0,125 20-160929 | 2,000,000 | EUR | 1,984,680.00 | 2,017,350.00 | 0.14% |
| ORANGE 0,50 19-040932 | 1,200,000 | EUR | 1,191,600.00 | 1,230,870.00 | 0.08% |
| ORANGE 1,25 20-070727 | 2,500,000 | EUR | 2,497,275.00 | 2,707,750.00 | 0.19% |
| ORANGE 1,375 18-200328 | 1,500,000 | EUR | 1,494,720.00 | 1,648,305.00 | 0.11% |
| ORANGE 2,00 19-150129 | 2,500,000 | EUR | 2,496,175.00 | 2,886,012.50 | 0.20% |
| ORANGE FRN 14-PERPETUAL | 4,000,000 | EUR | 4,802,125.00 | 4,856,720.00 | 0.33% |
| ORANGE FRN 14-PERPETUAL | 1,500,000 | EUR | 1,685,400.00 | 1,711,050.00 | 0.12% |
| ORANGE FRN 19-PERPETUAL | 3,000,000 | EUR | 3,011,872.50 | 3,171,885.00 | 0.22% |
| ORANGE FRN 20-PERPETUAL | 2,000,000 | EUR | 1,992,620.00 | 2,073,210.00 | 0.14% |
| ORSTED A/SA.S. FRN 19-PERPETUAL | 1,500,000 | EUR | 1,486,185.00 | 1,542,405.00 | 0.11% |
| PARKER-HANNIFINANCE 1,125 17-010325 | 3,700,000 | EUR | 3,722,960.00 | 3,857,842.00 | 0.27% |
| PEPSICO INC. 0,40 20-091032 | 2,000,000 | EUR | 1,997,200.00 | 2,030,910.00 | 0.14% |
| PEPSICO INC. 0,75 19-180327 | 3,000,000 | EUR | 2,994,450.00 | 3,156,180.00 | 0.22% |
| PEPSICO INC. 1,05 20-091050 | 2,000,000 | EUR | 1,996,420.00 | 2,125,030.00 | 0.15% |
| PERNOD RICARD 0,50 19-241027 | 3,000,000 | EUR | 3,012,000.00 | 3,116,235.00 | 0.21% |
| PERNOD RICARD 0,875 19-241031 | 2,000,000 | EUR | 1,975,000.00 | 2,139,110.00 | 0.15% |
| POSTE ITALIANE 0,50 20-101228 | 2,000,000 | EUR | 2,005,459.98 | 2,012,350.00 | 0.14% |
| PROCTER & GAMBLE 0,625 18-301024 | 2,000,000 | EUR | 1,994,600.00 | 2,067,710.00 | 0.14% |
| PROCTER & GAMBLE 1,20 18-301028 | 2,000,000 | EUR | 1,993,080.00 | 2,203,650.00 | 0.15% |
| PROLOGIS EURO FINANCE 0,375 20-060228 | 1,750,000 | EUR | 1,745,607.50 | 1,792,883.75 | 0.12% |
| PROLOGIS EURO FINANCE 1,50 19-100949 | 1,000,000 | EUR | 975,390.00 | 1,094,635.00 | 0.08% |
| PROLOGIS INTERNATIONAL FUND 1,625 20-170632 | 2,000,000 | EUR | 1,992,660.00 | 2,262,880.00 | 0.16% |
| RABOBANK NEDERLAND 2,375 13-220523 | 4,500,000 | EUR | 4,465,260.00 | 4,791,240.00 | 0.33% |
| RABOBANK NEDERLAND 3,875 13-250723 | 4,500,000 | EUR | 4,790,295.86 | 4,951,687.50 | 0.34% |
| RABOBANK UA 0,74 18-290823 | 3,500,000 | EUR | 3,488,245.00 | 3,588,742.50 | 0.25% |
| RBS 0,625 18-020322 | 2,500,000 | EUR | 2,487,610.00 | 2,521,700.00 | 0.17% |
| RBS FRN 17-080323 | 2,000,000 | EUR | 2,049,249.88 | 2,049,730.00 | 0.14% |
| RCI BANQUE S.A. 0,75 17-260922 | 2,000,000 | EUR | 1,961,880.00 | 2,022,310.00 | 0.14% |
| RCI BANQUE S.A. 1,00 16-170523 | 2,000,000 | EUR | 2,003,280.00 | 2,032,190.00 | 0.14% |
| RCI BANQUE S.A. 1,125 20-150127 | 7,000,000 | EUR | 6,865,567.33 | 7,157,465.00 | 0.49% |
| RCI BANQUE S.A. 1,75 19-100426 | 3,000,000 | EUR | 2,943,110.00 | 3,170,730.00 | 0.22% |
| RCI BANQUE S.A. 2,00 19-110724 | 1,000,000 | EUR | 1,024,628.71 | 1,048,785.00 | 0.07% |
| RED ELECTRICA FINANCE 0,375 20-240728 | 1,400,000 | EUR | 1,385,482.00 | 1,444,016.00 | 0.10% |
| RENTOKIL INITIAL 0,50 20-141028 | 1,800,000 | EUR | 1,793,124.00 | 1,822,815.00 | 0.13% |
| RICHEMONT INTERNATIONAL 0,75 20-260528 | 1,500,000 | EUR | 1,498,260.00 | 1,586,842.50 | 0.11% |
| ROYAL BANK OF CANADA 0,125 19-230724 | 2,000,000 | EUR | 1,994,340.00 | 2,018,690.00 | 0.14% |
| ROYAL BANK OF CANADA 0,25 19-020524 | 3,500,000 | EUR | 3,481,660.00 | 3,550,785.00 | 0.24% |
| ROYAL PHILIPS 0,50 19-220526 | 2,000,000 | EUR | 1,989,880.00 | 2,065,910.00 | 0.14% |
| ROYAL SCHIPHOL GROUP 1,50 18-051130 | 1,500,000 | EUR | 1,480,185.00 | 1,682,197.50 | 0.12% |
| RTE EDF TRANSPORT 0,625 20-080732 | 3,500,000 | EUR | 3,483,900.00 | 3,656,327.50 | 0.25% |
| RTE EDF TRANSPORT 1,625 15-271125 | 1,000,000 | EUR | 995,520.00 | 1,085,195.00 | 0.07% |
| SAINT-GOBAIN 1,125 18-230326 | 1,500,000 | EUR | 1,493,970.00 | 1,587,742.50 | 0.11% |
| SAINT-GOBAIN 1,375 17-140627 | 3,500,000 | EUR | 3,523,322.50 | 3,807,405.00 | 0.26% |
| SAMPO PLC FRN 20-030952 | 7,000,000 | EUR | 7,317,960.00 | 7,587,125.00 | 0.52% |
| SANOFI S.A. 0,625 16-050424 | 4,000,000 | EUR | 4,026,880.00 | 4,121,660.00 | 0.28% |
| SANOFI S.A. 1,00 20-010425 | 1,200,000 | EUR | 1,196,676.00 | 1,262,100.00 | 0.09% |
| SAP SE 0,125 20-180526 | 2,500,000 | EUR | 2,484,375.00 | 2,542,237.50 | 0.17% |
| SAP SE 1,00 18-130326 | 3,000,000 | EUR | 3,049,500.00 | 3,182,700.00 | 0.22% |

DPAM L BONDS EUR QUALITY SUSTAINABLE
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| SAP SE 1,375 18-130330 | 4,000,000 | EUR | 4,231,680.00 | 4,501,420.00 | 0.31% |
| --- | --- | --- | --- | --- | --- |
| SBB TREASURY 0,75 20-141228 | 4,000,000 | EUR | 3,959,680.00 | 3,960,400.00 | 0.27% |
| SCANIA CV 0,00 20-231122 | 1,500,000 | EUR | 1,500,750.00 | 1,501,365.00 | 0.10% |
| SCHNEIDER ELECTRIC 0,25 20-110329 | 3,000,000 | EUR | 2,979,030.00 | 3,068,280.00 | 0.21% |
| SCHNEIDER ELECTRIC 0,875 17-131226 | 2,500,000 | EUR | 2,482,625.00 | 2,651,962.50 | 0.18% |
| SCHNEIDER ELECTRIC 1,00 20-090427 | 3,700,000 | EUR | 3,745,791.00 | 3,956,891.00 | 0.27% |
| SCHNEIDER ELECTRIC 1,375 18-210627 | 1,700,000 | EUR | 1,683,510.00 | 1,861,228.00 | 0.13% |
| SCHNEIDER ELECTRIC 1,50 19-150128 | 3,500,000 | EUR | 3,499,125.00 | 3,888,482.50 | 0.27% |
| SELP FINANCE 1,50 19-201226 | 3,000,000 | EUR | 2,998,440.00 | 3,226,470.00 | 0.22% |
| SIEMENS FINANCE 0,25 20-200229 | 3,000,000 | EUR | 2,995,200.00 | 3,084,000.00 | 0.21% |
| SIEMENS FINANCE 0,375 20-050626 | 2,000,000 | EUR | 1,998,940.00 | 2,060,260.00 | 0.14% |
| SIEMENS FINANCE 1,375 18-060930 | 2,000,000 | EUR | 1,990,580.00 | 2,278,290.00 | 0.16% |
| SIEMENS FINANCE 1,75 19-280239 | 1,300,000 | EUR | 1,288,950.00 | 1,625,591.50 | 0.11% |
| SIGNIFY N.V. 2,00 20-110524 | 7,000,000 | EUR | 7,098,030.00 | 7,406,665.00 | 0.51% |
| SIGNIFY N.V. 2,375 20-110527 | 2,000,000 | EUR | 2,059,600.00 | 2,218,930.00 | 0.15% |
| SOCIETE DES AUTOROUTES PARIS-RHIN-RHONE 1,125 16-090126 | 3,500,000 | EUR | 3,472,035.00 | 3,722,180.00 | 0.26% |
| SOCIETE DES AUTOROUTES PARIS-RHIN-RHONE 1,25 19-180128 | 3,500,000 | EUR | 3,469,655.00 | 3,813,740.00 | 0.26% |
| SOCIETE DES AUTOROUTES PARIS-RHIN-RHONE 1,50 18-250130 | 2,000,000 | EUR | 1,980,540.00 | 2,265,100.00 | 0.16% |
| SOCIETE DES AUTOROUTES PARIS-RHIN-RHONE 1,875 14-150125 | 1,000,000 | EUR | 994,990.00 | 1,080,350.00 | 0.07% |
| SOCIETE FONC LYON IM 1,50 20-050627 | 600,000 | EUR | 597,474.00 | 640,053.00 | 0.04% |
| SOCIETE GENERAL 0,875 19-240929 | 2,200,000 | EUR | 2,200,000.00 | 2,259,840.00 | 0.16% |
| SOCIETE GENERALE 0,75 20-250127 | 2,500,000 | EUR | 2,499,650.00 | 2,564,862.50 | 0.18% |
| SOCIETE GENERALE 0,875 20-220928 | 500,000 | EUR | 498,180.00 | 516,455.00 | 0.04% |
| SOCIETE GENERALE 1,25 19-150224 | 3,000,000 | EUR | 2,982,000.00 | 3,115,320.00 | 0.21% |
| SOCIETE GENERALE FRN 20-241130 | 2,500,000 | EUR | 2,488,625.00 | 2,508,025.00 | 0.17% |
| SODEXHO 0,50 20-170124 | 1,000,000 | EUR | 999,030.00 | 1,019,165.00 | 0.07% |
| SODEXHO 0,75 20-270425 | 2,000,000 | EUR | 1,996,580.00 | 2,069,900.00 | 0.14% |
| SODEXHO 1,00 20-170728 | 1,500,000 | EUR | 1,494,270.00 | 1,590,382.50 | 0.11% |
| STATKRAFT A/S 1,125 17-200325 | 5,000,000 | EUR | 5,066,228.00 | 5,246,175.00 | 0.36% |
| STEDIN HLDG 0,50 19-141129 | 7,000,000 | EUR | 6,996,470.00 | 7,216,650.00 | 0.50% |
| STE FONCIERE LYONNAIS 1,5 18-290525 | 2,000,000 | EUR | 1,976,600.00 | 2,113,260.00 | 0.15% |
| STORA ENSO OYJ 0,625 20-021230 | 1,500,000 | EUR | 1,488,165.00 | 1,527,375.00 | 0.11% |
| SUMITOMO MITSUI FINANCE 0,465 19-300524 | 1,500,000 | EUR | 1,500,000.00 | 1,530,585.00 | 0.11% |
| SUMITOMO MITSUI FINANCE 0,819 18-230723 | 3,000,000 | EUR | 3,000,000.00 | 3,077,625.00 | 0.21% |
| SVENSKA HANDELSBANKEN 0,01 20-021227 | 2,000,000 | EUR | 1,999,160.00 | 1,999,550.00 | 0.14% |
| SVENSKA HANDELSBANKEN 0,375 18-030723 | 2,200,000 | EUR | 2,187,636.00 | 2,239,193.00 | 0.15% |
| SVENSKA HANDELSBANKEN FRN 18-050329 | 2,000,000 | EUR | 1,999,240.00 | 2,087,980.00 | 0.14% |
| SWISS RE FINANCE FRN 20-040652 | 5,000,000 | EUR | 5,075,006.01 | 5,600,000.00 | 0.39% |
| SWISS RE FINANCE LUX FRN 19-300450 | 3,000,000 | EUR | 3,000,000.00 | 3,381,690.00 | 0.23% |
| TAKEDA PHARMACEUTICAL 1,375 20-090732 | 3,500,000 | EUR | 3,496,150.00 | 3,763,637.50 | 0.26% |
| TAKEDA PHARMACEUTICAL 2,25 18-211126 | 3,000,000 | EUR | 3,060,393.00 | 3,378,030.00 | 0.23% |
| TAKEDA PHARMACEUTICAL 3,00 18-211130 | 2,000,000 | EUR | 2,153,040.00 | 2,464,960.00 | 0.17% |
| TELEFONICA EMISIONE 0,664 20-030230 | 2,000,000 | EUR | 2,000,000.00 | 2,057,760.00 | 0.14% |
| TELEFONICA EMISIONE 1,069 19-050224 | 3,300,000 | EUR | 3,300,000.00 | 3,419,691.00 | 0.24% |
| TELEFONICA EMISIONE 1,201 20-210827 | 3,500,000 | EUR | 3,500,175.00 | 3,745,875.00 | 0.26% |
| TELEFONICA EMISIONE 1,715 17-120128 | 2,500,000 | EUR | 2,500,075.00 | 2,774,750.00 | 0.19% |
| TELEFONICA EMISIONE 2,318 17-171028 | 1,000,000 | EUR | 1,155,740.00 | 1,165,130.00 | 0.08% |
| TELEKOM FINANZ 1,50 16-071226 | 3,000,000 | EUR | 2,998,350.00 | 3,273,870.00 | 0.23% |
| TELEPERFORMANCE 0,25 20-261127 | 2,000,000 | EUR | 1,984,260.00 | 1,993,500.00 | 0.14% |
| TELSTRA CORP. 1,00 20-230430 | 1,000,000 | EUR | 992,740.00 | 1,077,000.00 | 0.07% |
| TELSTRA CORP. 1,375 19-260329 | 1,500,000 | EUR | 1,499,025.00 | 1,661,640.00 | 0.11% |

DPAM L BONDS EUR QUALITY SUSTAINABLE
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| TESCO CORP. TREASURY 0,875 19-290526 | 4,000,000 | EUR | 3,999,986.40 | 4,129,440.00 | 0.28% |
| --- | --- | --- | --- | --- | --- |
| THERMO FISHER 2,375 20-150432 | 2,600,000 | EUR | 2,572,440.00 | 3,157,778.00 | 0.22% |
| THERMO FISHER SCIENTIFIC 0,875 19-011031 | 1,500,000 | EUR | 1,488,645.00 | 1,583,422.50 | 0.11% |
| THERMO FISHER SCIENTIFIC 1,40 17-230126 | 4,000,000 | EUR | 3,992,471.25 | 4,286,320.00 | 0.29% |
| THERMO FISHER SCIENTIFIC 1,50 19-011039 | 2,000,000 | EUR | 1,902,860.00 | 2,203,180.00 | 0.15% |
| THERMO FISHER SCIENTIFIC 1,875 19-011049 | 1,500,000 | EUR | 1,474,890.00 | 1,740,600.00 | 0.12% |
| THERMO FISHER SCIENTIFIC 2,875 17-240737 | 2,000,000 | EUR | 2,080,600.00 | 2,656,730.00 | 0.18% |
| TLG IMMOBILIEN 1,50 19-280526 | 2,000,000 | EUR | 2,070,300.00 | 2,117,670.00 | 0.15% |
| TOTAL CAPITAL INTERNATIONAL 0,75 16-120728 | 4,800,000 | EUR | 4,738,944.00 | 5,092,488.00 | 0.35% |
| TOTAL CAPITAL INTERNATIONAL 1,491 20-080427 | 2,500,000 | EUR | 2,500,000.00 | 2,743,300.00 | 0.19% |
| TOTAL CAPITAL INTERNATIONAL 1,535 19-310539 | 1,500,000 | EUR | 1,500,000.00 | 1,760,032.50 | 0.12% |
| TOTAL CAPITAL INTERNATIONAL FRN 16-PERPETUAL | 2,500,000 | EUR | 2,630,823.22 | 2,624,437.50 | 0.18% |
| TOYOTA FINANCE AUSTRALIA 0,50 18-060423 | 2,500,000 | EUR | 2,488,200.00 | 2,543,225.00 | 0.17% |
| TOYOTA MOTOR CREDIT 0,25 20-160726 | 2,500,000 | EUR | 2,494,225.00 | 2,545,162.50 | 0.18% |
| TOYOTA MOTOR FINANCE 0,625 18-260923 | 2,000,000 | EUR | 1,993,920.00 | 2,049,830.00 | 0.14% |
| UBS A.G. LONDON 0,625 18-230123 | 6,000,000 | EUR | 6,001,020.00 | 6,106,410.00 | 0.42% |
| UBS GROUP A.G. 0FRN 20-051128 | 2,500,000 | EUR | 2,479,825.00 | 2,511,987.50 | 0.17% |
| UBS GROUP FRN 20-290126 | 2,700,000 | EUR | 2,685,042.00 | 2,722,113.00 | 0.19% |
| UBS GROUP FUNDING 1,75 15-161122 | 1,000,000 | EUR | 993,300.00 | 1,038,070.00 | 0.07% |
| UNIBAIL RODAMCO SE 1,375 20-041231 | 2,300,000 | EUR | 2,293,951.00 | 2,317,687.00 | 0.16% |
| UNICREDIT SpA 0,50 19-090425 | 1,000,000 | EUR | 999,190.00 | 1,013,855.00 | 0.07% |
| UNICREDIT SpA 1,00 18-180123 | 7,000,000 | EUR | 6,847,208.24 | 7,139,580.00 | 0.49% |
| UNICREDIT SpA 1,80 20-200130 | 5,000,000 | EUR | 5,088,706.50 | 5,244,625.00 | 0.36% |
| UNICREDIT SpA FRN 20-220727 | 3,000,000 | EUR | 2,995,650.00 | 3,189,150.00 | 0.22% |
| UNILEVER N.V. 1,125 18-120227 | 1,600,000 | EUR | 1,619,216.00 | 1,724,248.00 | 0.12% |
| UPM-KYMMENE 0,125 20-191128 | 1,900,000 | EUR | 1,882,406.00 | 1,895,164.50 | 0.13% |
| VEOLIA ENVIRONNEMENT 0,892 19-140124 | 2,000,000 | EUR | 2,000,000.00 | 2,060,110.00 | 0.14% |
| VEOLIA ENVIRONNEMENT 1,94 18-070130 | 3,500,000 | EUR | 3,500,000.00 | 4,028,045.00 | 0.28% |
| VERIZON COMMUNICATIONS INC. 1,25 19-080430 | 3,000,000 | EUR | 2,977,320.00 | 3,266,535.00 | 0.22% |
| VERIZON COMMUNICATIONS INC.1,30 20-180533 | 3,000,000 | EUR | 3,040,196.00 | 3,266,835.00 | 0.22% |
| VERIZON COMMUNICATIONS INC.1,50 19-190939 | 2,000,000 | EUR | 1,976,460.00 | 2,204,540.00 | 0.15% |
| VERIZON COMMUNICATIONS INC.1,875 17-261029 | 4,000,000 | EUR | 4,344,900.00 | 4,573,680.00 | 0.31% |
| VERIZON COMMUNICATIONS INC. 2,625 14-011231 | 5,000,000 | EUR | 5,336,450.00 | 6,207,850.00 | 0.43% |
| VERIZON COMMUNICATIONS INC.2,875 17-150138 | 1,000,000 | EUR | 1,329,321.00 | 1,316,450.00 | 0.09% |
| VESTEDA FINANCE 1,50 19-240527 | 1,000,000 | EUR | 992,250.00 | 1,083,010.00 | 0.07% |
| VF CORP. 0,25 20-250228 | 4,000,000 | EUR | 3,966,900.00 | 4,047,460.00 | 0.28% |
| VINCI S.A. 0,00 20-271128 | 2,700,000 | EUR | 2,712,771.00 | 2,707,816.50 | 0.19% |
| VINCI S.A. 1,625 19-180129 | 4,000,000 | EUR | 3,961,360.00 | 4,520,340.00 | 0.31% |
| VINCI S.A. 1,75 18-260930 | 1,700,000 | EUR | 1,693,268.00 | 1,977,380.50 | 0.14% |
| VIVENDI 0,625 19-110625 | 3,000,000 | EUR | 2,997,360.00 | 3,092,940.00 | 0.21% |
| VODAFONE GROUP 0,90 19-241126 | 2,000,000 | EUR | 2,074,500.00 | 2,108,280.00 | 0.15% |
| VODAFONE GROUP 1,125 17-201125 | 2,000,000 | EUR | 1,983,340.00 | 2,113,460.00 | 0.15% |
| VODAFONE GROUP 1,625 19-241130 | 2,500,000 | EUR | 2,696,459.00 | 2,799,637.50 | 0.19% |
| VOLVO TREASURY 0,125 20-170924 | 1,000,000 | EUR | 996,580.00 | 1,005,780.00 | 0.07% |
| VONOVIA FINANCE 0,625 19-071027 | 2,000,000 | EUR | 1,978,820.00 | 2,073,020.00 | 0.14% |
| VONOVIA FINANCE 0,625 20-090726 | 3,000,000 | EUR | 2,990,520.00 | 3,100,770.00 | 0.21% |
| VONOVIA FINANCE 0,75 18-150124 | 1,000,000 | EUR | 993,300.00 | 1,027,025.00 | 0.07% |
| VONOVIA FINANCE 0,875 18-030723 | 2,000,000 | EUR | 2,045,600.00 | 2,051,200.00 | 0.14% |
| VONOVIA FINANCE 1,625 20-070424 | 1,500,000 | EUR | 1,497,465.00 | 1,581,105.00 | 0.11% |
| VONOVIA FINANCE 2,75 18-220338 | 1,300,000 | EUR | 1,272,648.00 | 1,685,482.50 | 0.12% |
| VONOVIA FINANCE FRN 14-PERPETUAL | 5,000,000 | EUR | 5,216,562.02 | 5,176,300.00 | 0.36% |

DPAM L BONDS EUR QUALITY SUSTAINABLE
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| WORLDLINE S.A. 0,50 20-300623 | 1,500,000 | EUR | 1,498,755.00 | 1,523,760.00 | 0.10% |
| --- | --- | --- | --- | --- | --- |
| WPC EUROBOND B.V. 2,125 18-150427 | 3,000,000 | EUR | 2,979,720.00 | 3,273,885.00 | 0.23% |
| WPC EUROBOND B.V. 2,25 18-090426 | 2,500,000 | EUR | 2,481,300.00 | 2,744,937.50 | 0.19% |
| Total EURO |  |  | 1,356,307,183.79 | 1,426,708,794.26 | 98.17% |
| Total Bonds |  |  | 1,356,307,183.79 | 1,426,708,794.26 | 98.17% |
| Total Transferable securities admitted to an official stock exchange or dealt in on another regulated market |  |  | 1,356,307,183.79 | 1,426,708,794.26 | 98.17% |
| Total Portfolio |  |  | 1,356,307,183.79 | 1,426,708,794.26 | 98.17% |

|  |
| --- |
| DPAM L BONDS UNIVERSALIS UNCONSTRAINED |
|  |
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
|  |
| Transferable securities admitted to an official stock exchange or dealt in on another regulated market |  |  |  |  |  |
| Bonds |  |  |  |  |  |
| AUSTRALIA 1,00 19-211230 | 8,800,000 | AUD | 5,370,566.39 | 5,558,440.97 | 0.45% |
| AUSTRALIA 2,00 17-211221 | 17,500,000 | AUD | 11,752,872.92 | 11,243,772.07 | 0.91% |
| AUSTRALIA -INFLATION LINKED- 0,75 17-211127 | 55,000,000 | AUD | 38,015,344.21 | 41,067,545.57 | 3.32% |
| Total AUSTRALIAN DOLLAR |  |  | 55,138,783.52 | 57,869,758.61 | 4.68% |
| CANADA -INFLATION LINKED- 4,25 95-011226 | 10,000,000 | CAD | 13,631,960.81 | 13,282,030.38 | 1.07% |
| CANADIAN GOVT 2,25 14-010625 | 6,800,000 | CAD | 4,836,690.30 | 4,727,806.01 | 0.38% |
| Total CANADIAN DOLLAR |  |  | 18,468,651.11 | 18,009,836.39 | 1.46% |
| COCA-COLA CO 1,00 15-021028 | 8,000,000 | CHF | 7,826,747.53 | 8,018,972.77 | 0.65% |
| CREDIT SUISSE GROUP FINANCE Ltd 1,00 15-140423 | 6,500,000 | CHF | 6,008,326.57 | 6,160,230.68 | 0.50% |
| VERIZON COMMUNICATIONS INC. 0,375 17-310523 | 3,500,000 | CHF | 3,182,430.09 | 3,294,750.59 | 0.27% |
| Total SWISS FRANC |  |  | 17,017,504.19 | 17,473,954.04 | 1.41% |
| CZECH 1,00 15-260626 | 260,000,000 | CZK | 9,932,871.13 | 9,968,201.20 | 0.81% |
| CZECH 1,50 20-240440 | 70,000,000 | CZK | 2,618,773.48 | 2,631,983.48 | 0.21% |
| CZECH 2,50 13-250828 | 200,000,000 | CZK | 7,952,148.80 | 8,437,552.36 | 0.68% |
| Total CZECH KORUNA |  |  | 20,503,793.41 | 21,037,737.04 | 1.70% |
| AB INBEV 2,125 20-021227 | 3,000,000 | EUR | 2,994,900.00 | 3,418,380.00 | 0.28% |
| ADIDAS A.G. 0,625 20-100935 | 2,000,000 | EUR | 1,987,200.00 | 2,099,810.00 | 0.17% |
| ANHEUSER BUSCH INBEV 1,65 19-280331 | 10,000,000 | EUR | 10,089,946.00 | 11,262,350.00 | 0.91% |
| AT&T INC. 3,15 17-040936 | 8,000,000 | EUR | 8,032,208.00 | 10,144,880.00 | 0.82% |
| BANK OF AMERICA 1,776 17-040527 | 2,500,000 | EUR | 2,500,000.00 | 2,723,675.00 | 0.22% |
| BARCLAYS PLC 1,375 18-240126 | 2,000,000 | EUR | 1,996,160.00 | 2,098,920.00 | 0.17% |
| BARCLAYS PLC 1,875 16-081223 | 2,500,000 | EUR | 2,491,575.00 | 2,637,262.50 | 0.21% |
| BARCLAYS PLC FRN 17-070228 | 5,000,000 | EUR | 4,880,000.00 | 5,116,050.00 | 0.41% |
| BMW FINANCE N.V. 0,875 20-140132 | 1,600,000 | EUR | 1,592,752.00 | 1,724,864.00 | 0.14% |
| BMW FINANCE N.V. 1,50 19-060229 | 5,000,000 | EUR | 4,979,436.00 | 5,583,625.00 | 0.45% |
| BNP PARIBAS S.A. 0,625 20-031232 | 4,500,000 | EUR | 4,495,860.00 | 4,550,107.50 | 0.37% |
| BNP PARIBAS S.A. 1,50 17-230528 | 1,000,000 | EUR | 995,890.00 | 1,094,835.00 | 0.09% |
| BNP PARIBAS S.A. FRN 18-190123 | 5,000,000 | EUR | 4,996,370.00 | 5,027,450.00 | 0.41% |
| BNP PARIBAS S.A. FRN 19-040626 | 2,500,000 | EUR | 2,495,150.00 | 2,548,025.00 | 0.21% |
| CHINA 0,25 20-251130 | 23,000,000 | EUR | 22,872,260.00 | 23,009,200.00 | 1.86% |
| CHINA 0,625 20-251135 | 12,000,000 | EUR | 11,933,400.00 | 12,016,440.00 | 0.97% |
| CHINA GVT 0,50 19-121131 | 6,750,000 | EUR | 6,750,625.00 | 6,807,037.50 | 0.55% |
| CHUBB INA 0,875 19-150627 | 2,000,000 | EUR | 1,997,380.00 | 2,103,790.00 | 0.17% |
| CHUBB INA 0,875 19-151229 | 1,500,000 | EUR | 1,498,425.00 | 1,591,665.00 | 0.13% |
| COFIROUTE 1,00 20-190531 | 600,000 | EUR | 599,070.00 | 648,600.00 | 0.05% |
| COOP RABOBANK 0,25 19-301026 | 2,000,000 | EUR | 1,992,800.00 | 2,042,380.00 | 0.17% |
| COOP RABOBANK 0,625 19-270224 | 3,000,000 | EUR | 2,994,246.75 | 3,073,440.00 | 0.25% |
| CREDIT AGRICOLE 1,75 19-050329 | 4,000,000 | EUR | 3,994,206.00 | 4,478,600.00 | 0.36% |
| CREDIT AGRICOLE S.A. 0,375 19-211025 | 3,000,000 | EUR | 2,999,522.00 | 3,055,605.00 | 0.25% |

DPAM L BONDS UNIVERSALIS UNCONSTRAINED
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| CREDIT AGRICOLE S.A. 0,875 20-140132 | 1,500,000 | EUR | 1,493,385.00 | 1,575,562.50 | 0.13% |
| --- | --- | --- | --- | --- | --- |
| CREDIT SUISSE GROUP FRN 19-240627 | 1,500,000 | EUR | 1,514,473.64 | 1,563,532.50 | 0.13% |
| DAIMLER A.G. 0,75 20-100930 | 2,000,000 | EUR | 1,983,760.00 | 2,082,410.00 | 0.17% |
| DAIMLER A.G. 1,125 19-080834 | 9,500,000 | EUR | 9,284,749.86 | 10,137,212.50 | 0.82% |
| DAIMLER A.G. 2,625 20-070425 | 6,200,000 | EUR | 6,175,076.00 | 6,876,668.00 | 0.56% |
| DAIMLER INTERNATIONAL FINANCE 0,625 19-060527 | 2,000,000 | EUR | 1,987,060.00 | 2,050,290.00 | 0.17% |
| DEUTSCHE TELEKOM A.G 1,375 19-050734 | 10,000,000 | EUR | 10,070,620.00 | 11,248,350.00 | 0.91% |
| DEUTSCHE TELEKOM A.G 1,75 19-250331 | 2,000,000 | EUR | 2,008,900.00 | 2,311,460.00 | 0.19% |
| DEUTSCHLAND -INFLATION LINKED- 0,10 15-150426 | 15,000,000 | EUR | 17,116,828.80 | 17,168,240.63 | 1.39% |
| ESSILOR LUXOTTICA 0,125 19-270525 | 1,400,000 | EUR | 1,390,382.00 | 1,413,601.00 | 0.11% |
| FRANCE OAT -INFLATION LINKED- 0,10 16-250747 | 7,000,000 | EUR | 8,355,264.58 | 10,069,232.36 | 0.81% |
| FRANCE OAT -INFLATION LINKED- 0,10 19-010329 | 23,000,000 | EUR | 25,866,706.61 | 26,149,613.52 | 2.11% |
| FRANCE OAT -INFLATION LINKED- 1,80 07-250740 | 12,000,000 | EUR | 21,237,242.97 | 23,869,280.63 | 1.93% |
| GERMANY -INFLATION LINKED- 0,10 12-150423 | 7,000,000 | EUR | 8,028,705.91 | 7,795,443.03 | 0.63% |
| GERMANY -INFLATION LINKED- 0,50 14-150430 | 20,000,000 | EUR | 25,025,283.35 | 25,388,367.39 | 2.05% |
| GOLDMAN SACHS GROUP FRN 20-210423 | 2,000,000 | EUR | 2,005,120.00 | 2,005,240.00 | 0.16% |
| HSBC HLDG PLC FRN 20-131131 | 3,000,000 | EUR | 3,000,000.00 | 3,107,385.00 | 0.25% |
| IBERDROLA FINANZAS 0,875 20-160625 | 1,600,000 | EUR | 1,596,544.00 | 1,667,208.00 | 0.13% |
| INTERNATIONAL BANK FOR RECONSTRUCTION & DEVELOPMENT 0,10 20-170935 | 2,700,000 | EUR | 2,693,979.00 | 2,765,664.00 | 0.22% |
| JP MORGAN CHASE & CO FRN 17-180528 | 2,000,000 | EUR | 2,000,000.00 | 2,192,720.00 | 0.18% |
| JP MORGAN CHASE & CO FRN 18-120629 | 2,800,000 | EUR | 2,800,000.00 | 3,148,698.00 | 0.25% |
| KBC GROUP 0,125 20-100926 | 5,000,000 | EUR | 4,983,350.00 | 5,013,975.00 | 0.41% |
| KONINKLIJKE AHOLD 0,25 19-260625 | 600,000 | EUR | 596,676.00 | 612,537.00 | 0.05% |
| KONINKLIJKE DSM 0,25 20-230628 | 3,200,000 | EUR | 3,188,896.00 | 3,270,448.00 | 0.26% |
| LINDE FINANCE B.V. 0,55 20-190532 | 3,000,000 | EUR | 2,983,020.00 | 3,134,880.00 | 0.25% |
| MEXICO BONOS 1,75 18-170428 | 15,000,000 | EUR | 14,370,000.00 | 15,808,875.00 | 1.28% |
| MEXICO BONOS 4,00 15-150315 | 20,000,000 | EUR | 20,977,050.00 | 23,090,500.00 | 1.87% |
| MITSUBISHI UFJ FINANCIAL 0,872 17-070924 | 2,500,000 | EUR | 2,500,000.00 | 2,587,075.00 | 0.21% |
| MONDELEZ INTL 0,375 20-220929 | 2,000,000 | EUR | 1,991,652.80 | 2,032,910.00 | 0.16% |
| MOODY'S CORP. 0,95 19-250230 | 5,000,000 | EUR | 4,990,614.00 | 5,321,675.00 | 0.43% |
| MORGAN STANLEY FRN 17-231026 | 5,000,000 | EUR | 5,022,717.00 | 5,308,400.00 | 0.43% |
| NESTLE FINANCE INTERNATIONAL 0,375 20-120532 | 3,000,000 | EUR | 2,944,710.00 | 3,109,035.00 | 0.25% |
| ORANGE 0,50 19-040932 | 700,000 | EUR | 695,100.00 | 718,007.50 | 0.06% |
| ORANGE 1,375 19-040949 | 10,000,000 | EUR | 9,724,797.33 | 11,359,800.00 | 0.92% |
| PORTUGAL 0,475 20-181030 | 32,000,000 | EUR | 31,951,120.00 | 33,403,680.00 | 2.70% |
| PORTUGAL 4,10 06-150437 | 15,000,000 | EUR | 21,412,293.85 | 23,742,450.00 | 1.92% |
| ROMANIA 2,00 20-280132 | 4,000,000 | EUR | 4,000,000.00 | 4,202,240.00 | 0.34% |
| ROMANIA 2,375 17-190427 | 2,000,000 | EUR | 1,957,500.00 | 2,188,340.00 | 0.18% |
| ROMANIA 2,625 20-021240 | 12,000,000 | EUR | 12,036,960.00 | 12,825,540.00 | 1.04% |
| SANTANDER CONSUMER 0,50 20-040227 | 6,000,000 | EUR | 5,967,520.00 | 6,102,810.00 | 0.49% |
| SIEMENS FINANCE 1,75 19-280239 | 7,500,000 | EUR | 7,499,131.00 | 9,378,412.50 | 0.76% |
| SPAIN KINGDOM 0,60 19-311029 | 12,800,000 | EUR | 12,865,828.57 | 13,561,024.00 | 1.10% |
| SPAIN KINGDOM 1,00 20-311050 | 14,000,000 | EUR | 13,681,925.00 | 14,511,630.00 | 1.17% |
| SPAIN KINGDOM 2,90 16-311046 | 10,000,000 | EUR | 10,482,400.98 | 14,999,250.00 | 1.21% |
| SPAIN KINGDOM -INFLATION LINKED- 0,70 17-301133 | 32,000,000 | EUR | 38,145,911.24 | 39,560,204.16 | 3.20% |
| TELEFONICA EMISIONE 0,664 20-030230 | 3,800,000 | EUR | 3,800,000.00 | 3,909,744.00 | 0.32% |
| TELEFONICA EMISIONE 2,932 14-171029 | 4,000,000 | EUR | 4,364,700.00 | 4,940,320.00 | 0.40% |
| TELEFONICA EUROPE FRN 18-PERPETUAL | 7,000,000 | EUR | 6,863,250.00 | 7,198,415.00 | 0.58% |
| TELEFONICA EUROPE FRN 18-PERPETUAL | 7,000,000 | EUR | 7,097,457.76 | 7,569,870.00 | 0.61% |
| TENNET HLDG 0,125 20-301132 | 2,500,000 | EUR | 2,481,025.00 | 2,489,050.00 | 0.20% |

DPAM L BONDS UNIVERSALIS UNCONSTRAINED
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| UBS GROUP FUNDING 1,25 16-010926 | 8,750,000 | EUR | 8,669,078.16 | 9,324,218.75 | 0.75% |
| --- | --- | --- | --- | --- | --- |
| UNITED MEXICAN STATE 1,125 20-170130 | 1,500,000 | EUR | 1,483,725.00 | 1,496,272.50 | 0.12% |
| VERIZON COMMUNICATIONS INC.1,85 20-180540 | 10,000,000 | EUR | 10,330,491.20 | 11,509,900.00 | 0.93% |
| VINCI S.A. 1,75 18-260930 | 1,000,000 | EUR | 996,040.00 | 1,163,165.00 | 0.09% |
| VODAFONE GROUP FRN 20-270880 | 4,000,000 | EUR | 4,000,000.00 | 4,120,380.00 | 0.33% |
| VOLVO CAR AB 2,125 19-020424 | 5,000,000 | EUR | 5,057,682.82 | 5,170,575.00 | 0.42% |
| Total EURO |  |  | 557,906,087.18 | 598,178,778.97 | 48.34% |
| BARCLAYS PLC FRN 17-061023 | 6,600,000 | GBP | 7,445,121.91 | 7,585,502.18 | 0.61% |
| ENEL FINANCE INTERNATIONAL 1,00 20-201027 | 2,200,000 | GBP | 2,432,277.34 | 2,497,138.87 | 0.20% |
| ENEL FINANCE INTERNATIONAL 5,75 09-140940 | 2,750,000 | GBP | 2,986,425.56 | 5,049,757.01 | 0.41% |
| SIEMENS FINANCE 1,00 20-200225 | 1,700,000 | GBP | 2,012,420.99 | 1,955,484.30 | 0.16% |
| UK TREASURY GILT 0,375 20-221030 | 2,700,000 | GBP | 3,020,896.79 | 3,064,685.51 | 0.25% |
| VODAFONE GROUP 3,375 16-080849 | 3,000,000 | GBP | 3,104,158.90 | 4,156,831.64 | 0.34% |
| Total BRITISH POUND |  |  | 21,001,301.49 | 24,309,399.51 | 1.96% |
| JAPAN 0,40 19-200339 | 550,000,000 | JPY | 4,632,965.71 | 4,382,090.07 | 0.35% |
| JAPAN -INFLATION LINKED- 0,10 19-100329 | 600,000,000 | JPY | 5,074,785.11 | 4,770,841.95 | 0.39% |
| JAPAN -INFLATION LINKED- 0,20 20-100330 | 2,650,000,00 0 | JPY | 21,982,092.33 | 21,240,417.91 | 1.72% |
| JAPAN TREASURY 0,40 20-200340 | 775,000,000 | JPY | 6,483,489.42 | 6,145,376.88 | 0.50% |
| Total JAPANESE YEN |  |  | 38,173,332.57 | 36,538,726.81 | 2.95% |
| MEXICO 7,75 11-131142 | 700,000 | MXN | 3,153,836.68 | 3,310,850.97 | 0.27% |
| MEXICO BONOS 5,75 15-050326 | 4,450,000 | MXN | 17,570,453.39 | 19,113,488.18 | 1.54% |
| MEXICO BONOS 8,50 08-310529 | 500,000 | MXN | 2,329,992.51 | 2,499,266.82 | 0.20% |
| Total NEW MEXICAN PESO |  |  | 23,054,282.58 | 24,923,605.97 | 2.01% |
| NEW ZEALAND 1,75 20-150541 | 10,000,000 | NZD | 5,905,184.14 | 5,807,637.99 | 0.47% |
| NEW ZEALAND 3,00 18-200429 | 23,000,000 | NZD | 15,398,017.69 | 15,913,092.86 | 1.29% |
| NEW ZEALAND 4,50 14-150427 | 25,500,000 | NZD | 17,976,994.36 | 18,640,779.10 | 1.51% |
| NEW ZEALAND 5,50 11-150423 | 3,500,000 | NZD | 2,426,828.55 | 2,303,977.87 | 0.19% |
| Total NEW ZEALAND DOLLAR |  |  | 41,707,024.74 | 42,665,487.82 | 3.45% |
| SWEDISH GOVT 2,25 12-010632 | 187,000,000 | SEK | 22,138,593.08 | 23,209,233.71 | 1.88% |
| Total SWEDISH KRONA |  |  | 22,138,593.08 | 23,209,233.71 | 1.88% |
| ABB FINANCE USA INC. 2,875 12-080522 | 5,000,000 | USD | 3,969,937.13 | 4,226,656.04 | 0.34% |
| ALPHABET INC. 1,998 16-150826 | 10,000,000 | USD | 8,888,170.08 | 8,758,571.37 | 0.71% |
| ASIAN DEVELOPMENT BANK 0,75 20-081030 | 15,000,000 | USD | 12,489,974.83 | 11,936,986.63 | 0.96% |
| AT&T INC. 4,30 18-150230 | 4,026,000 | USD | 3,423,042.07 | 3,934,822.31 | 0.32% |
| BANK OF AMERICA FRN 17-240428 | 3,000,000 | USD | 2,396,534.59 | 2,797,192.59 | 0.23% |
| BANK OF AMERICA FRN 19-150350 | 16,000,000 | USD | 16,128,017.79 | 17,109,623.64 | 1.38% |
| BARCLAYS PLC 4,836 17-090528 | 5,000,000 | USD | 4,098,543.09 | 4,707,286.18 | 0.38% |
| CHINA GOVT INTERNATIONAL 1,20 20-211030 | 10,000,000 | USD | 8,444,232.60 | 8,143,026.44 | 0.66% |
| CHINA GOVT INTERNATIONAL 2,25 20-21102050 | 5,000,000 | USD | 4,220,477.06 | 4,020,064.57 | 0.32% |
| COMCAST 3,375 15-150825 | 5,000,000 | USD | 4,680,626.73 | 4,559,989.38 | 0.37% |

DPAM L BONDS UNIVERSALIS UNCONSTRAINED
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| COOP RABOBANK UA 4,00 17-100429 | 4,000,000 | USD | 3,603,314.06 | 3,526,361.82 | 0.28% |
| --- | --- | --- | --- | --- | --- |
| ENEL FINANCE INTERNATIONAL 6,80 07-150937 | 3,250,000 | USD | 3,749,564.10 | 3,910,106.86 | 0.32% |
| EUROPEAN INVESTMENT BANK 0,75 20-230930 | 10,000,000 | USD | 8,312,130.41 | 7,979,731.11 | 0.64% |
| GOLDMAN SACHS GROUP 3,75 16-250226 | 5,000,000 | USD | 4,662,898.67 | 4,648,175.39 | 0.38% |
| GOLDMAN SACHS GROUP 6,25 11-010241 | 5,000,000 | USD | 3,739,744.51 | 6,443,300.23 | 0.52% |
| GRUPO TELEVISA 5,00 14-130545 | 7,000,000 | USD | 5,577,455.04 | 6,932,348.49 | 0.56% |
| INTERNATIONAL BANK FOR RECONSTRUCTION & DEVELOPMENT 0,875 20-140530 | 24,000,000 | USD | 21,022,214.64 | 19,395,758.24 | 1.57% |
| JP MORGAN CHASE & CO 5,60 11-150741 | 7,000,000 | USD | 6,332,891.33 | 8,647,693.19 | 0.70% |
| MAROCCO KINGDOM 3,00 20-151232 | 2,500,000 | USD | 2,054,938.71 | 2,075,569.04 | 0.17% |
| MEXICO BONOS 4,50 19-220429 | 7,000,000 | USD | 6,775,802.37 | 6,719,753.99 | 0.54% |
| MICROSOFT CORP. 3,50 15-120235 | 10,000,000 | USD | 10,158,376.06 | 10,068,039.72 | 0.81% |
| ORACLE CORP. 2,50 12-151022 | 5,000,000 | USD | 4,047,775.93 | 4,248,477.79 | 0.34% |
| SCHLUMBERGER FINANCE 3,90 19-170528 | 5,171,000 | USD | 4,489,642.92 | 4,768,895.64 | 0.39% |
| SUMITOMO MITSUI 4,306 18-161028 | 2,500,000 | USD | 2,167,786.69 | 2,442,646.40 | 0.20% |
| TENCENT HLDG LTD 3,80 15-110225 | 5,000,000 | USD | 4,114,818.26 | 4,495,280.13 | 0.36% |
| US TREASURY 0,625 20-150830 | 25,000,000 | USD | 20,264,485.64 | 19,916,750.85 | 1.61% |
| US TREASURY 1,125 20-150840 | 10,000,000 | USD | 7,833,618.27 | 7,735,559.48 | 0.63% |
| US TREASURY BONDS -INFLATION LINKED- 0,75 15-150245 | 40,000,000 | USD | 42,961,535.26 | 46,644,803.64 | 3.77% |
| US TREASURY -INFLATION LINKED- 0,375 13-150723 | 22,500,000 | USD | 21,147,467.35 | 21,809,724.16 | 1.76% |
| US TREASURY -INFLATION LINKED- 0,50 19-150424 | 36,000,000 | USD | 32,820,152.91 | 32,556,210.32 | 2.63% |
| US TREASURY -INFLATION LINKED- 0,75 18-150728 | 17,000,000 | USD | 16,533,831.92 | 16,165,882.64 | 1.31% |
| Total U.S. DOLLAR |  |  | 301,110,001.02 | 311,325,288.28 | 25.16% |
| SOUTH AFRICA 7,75 12-280223 | 194,000,000 | ZAR | 12,891,345.80 | 11,501,487.55 | 0.93% |
| SOUTH AFRICA 8,5 13-310137 | 400,000,000 | ZAR | 20,820,011.18 | 18,485,960.46 | 1.49% |
| Total SOUTH AFRICAN RAND |  |  | 33,711,356.98 | 29,987,448.01 | 2.42% |
| Total Bonds |  |  | 1,149,930,711.87 | 1,205,529,255.16 | 97.42% |
| Total Transferable securities admitted to an official stock exchange or dealt in on another regulated market |  |  | 1,149,930,711.87 | 1,205,529,255.16 | 97.42% |
| Options |  |  |  |  |  |
| CALL US TREASURY LG BD FÉVRIER 21 ST 173 | -300 | USD | -500,653.25 | -344,795.88 | -0.03% |
| Total U.S. DOLLAR |  |  | -500,653.25 | -344,795.88 | -0.03% |
| Total Options |  |  | -500,653.25 | -344,795.88 | -0.03% |
| Total Portfolio |  |  | 1,149,430,058.62 | 1,205,184,459.28 | 97.39% |

|  |
| --- |
| DPAM L BONDS HIGHER YIELD |
|  |
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
|  |
| Transferable securities admitted to an official stock exchange or dealt in on another regulated market |  |  |  |  |  |
| Bonds |  |  |  |  |  |
| BRAZIL -INFLATION LINKED- 6,00 20-150525 | 3,000 | BRL | 1,945,640.36 | 1,903,380.79 | 0.94% |
| Total BRAZILIAN REAL |  |  | 1,945,640.36 | 1,903,380.79 | 0.94% |
| ACCOR CV 0,70 20-071227 | 9,591 | EUR | 461,518.92 | 501,882.64 | 0.25% |
| AGEAS FRN 19-PERPETUAL | 2,000,000 | EUR | 2,000,000.00 | 2,130,780.00 | 1.05% |
| AKELIUS RESIDENTIAL PROPERTY FRN 20-170581 | 1,285,000 | EUR | 1,285,000.00 | 1,300,580.63 | 0.64% |
| ALTICE FINCO 4,75 17-150128 | 2,000,000 | EUR | 1,865,000.00 | 1,940,330.00 | 0.95% |
| ALTICE FRANCE S.A. 3,375 19-150128 | 2,000,000 | EUR | 2,000,000.00 | 1,983,350.00 | 0.98% |
| ARAMARK INTERNATIONAL FINANCE 3,125 17-010425 | 1,000,000 | EUR | 1,019,365.00 | 1,007,650.00 | 0.50% |
| ARDAGH PKG FINANCE 2,125 20-150826 | 1,300,000 | EUR | 1,287,244.00 | 1,306,259.50 | 0.64% |
| ARD FINANCE S.A. 5,00 19-300627 | 1,000,000 | EUR | 1,000,000.00 | 1,022,920.00 | 0.50% |
| ARENA LUXEMBOURG 1,875 20-010228 | 1,500,000 | EUR | 1,500,000.00 | 1,432,237.50 | 0.70% |
| ASSICURAZIONI GENERALI FRN 16-080648 | 1,500,000 | EUR | 1,596,750.00 | 1,819,582.50 | 0.89% |
| AVANTOR FUNDING 2,625 20-011125 | 1,500,000 | EUR | 1,500,000.00 | 1,539,067.50 | 0.76% |
| AVANTOR FUNDING 3,875 20-150728 | 1,000,000 | EUR | 1,000,000.00 | 1,052,750.00 | 0.52% |
| AXALTA COATING SYSTEMS 3,75 16-150125 | 1,100,000 | EUR | 1,125,450.00 | 1,124,398.00 | 0.55% |
| BELFIUS BANQUE FRN 18-PERPETUAL | 2,000,000 | EUR | 1,809,000.00 | 1,956,560.00 | 0.96% |
| BLITZ -F- 6,00 18-300726 | 1,000,000 | EUR | 996,541.43 | 1,052,255.00 | 0.52% |
| CAIXABANK S.A. FRN 18-PERPETUAL | 2,000,000 | EUR | 1,905,000.00 | 2,055,370.00 | 1.01% |
| CASINO GUICHARD-PERRACHON 4,498 14-070324 | 1,000,000 | EUR | 958,812.50 | 980,865.00 | 0.48% |
| CEMEX 3,125 19-190326 | 1,000,000 | EUR | 1,008,358.00 | 1,032,245.00 | 0.51% |
| CENTRAL BANK TUNISIA 6,375 19-150726 | 1,000,000 | EUR | 989,450.00 | 917,075.00 | 0.45% |
| CHEPLAPHARMACEUTICAL 3,50 20-110227 | 1,000,000 | EUR | 1,012,500.00 | 1,006,405.00 | 0.49% |
| CMA CGM 7,50 20-150126 | 2,000,000 | EUR | 1,956,960.00 | 2,149,440.00 | 1.06% |
| CONSTANTIN INVESTMENT 5,375 17-150425 | 1,300,000 | EUR | 1,266,102.00 | 1,329,724.50 | 0.65% |
| CONSTELLIUM 4,25 17-150226 | 1,000,000 | EUR | 1,004,250.00 | 1,024,805.00 | 0.50% |
| COOP RABOBANK FRN 18-PERPETUAL | 1,000,000 | EUR | 1,089,975.00 | 1,093,990.00 | 0.54% |
| COOP RABOBANK FRN 20-PERPETUAL | 2,600,000 | EUR | 2,600,000.00 | 2,881,853.00 | 1.42% |
| DKT FINANCE APS 7,00 18-170623 | 1,000,000 | EUR | 1,040,000.00 | 1,034,800.00 | 0.51% |
| DUFRY ONE B.V. 2,00 19-150227 | 1,000,000 | EUR | 1,000,000.00 | 941,905.00 | 0.46% |
| EDF FRN 20-PERPETUAL | 3,000,000 | EUR | 2,954,250.00 | 3,162,300.00 | 1.56% |
| ENEL SpA FRN 20-PERPETUAL | 1,100,000 | EUR | 1,091,882.00 | 1,148,856.50 | 0.56% |
| ENERGIAS DE PORTUGAL FRN 19-300479 | 1,000,000 | EUR | 1,043,500.00 | 1,100,925.00 | 0.54% |
| ENERGIAS DE PORTUGAL FRN 20-200780 | 1,000,000 | EUR | 997,440.00 | 999,545.00 | 0.49% |
| ERSTE GROUP BANK FRN 20-PERPETUAL | 2,000,000 | EUR | 2,000,000.00 | 2,073,460.00 | 1.02% |
| FAURECIA 2,375 19-150627 | 1,000,000 | EUR | 1,000,000.00 | 1,012,190.00 | 0.50% |
| FAURECIA 3,75 20-150628 | 1,000,000 | EUR | 1,000,000.00 | 1,054,025.00 | 0.52% |
| FEDERAL-MOGUL 5,00 17-150724 | 1,000,000 | EUR | 1,003,500.00 | 1,015,450.00 | 0.50% |
| FORTIS BANK FRN 07-PERPETUAL CONV | 2,000,000 | EUR | 1,598,750.00 | 1,683,330.00 | 0.83% |
| GRIFOLS S.A. 2,25 19-151127 | 1,000,000 | EUR | 1,029,800.00 | 1,016,165.00 | 0.50% |
| HEIMSTADEN BOSTAD FRN 19-PERPETUAL | 1,000,000 | EUR | 1,000,000.00 | 1,032,530.00 | 0.51% |
| HEIMSTADEN FRN 20-PERPETUAL | 2,300,000 | EUR | 2,286,177.00 | 2,392,782.00 | 1.18% |
| HSBC HLDG FRN 14-PERPETUAL | 2,000,000 | EUR | 2,035,200.00 | 2,092,000.00 | 1.03% |
| HT TROPLAST GMBH 9,25 20-150725 | 1,000,000 | EUR | 1,040,562.50 | 1,116,435.00 | 0.55% |
| INEOS FINANCE 3,375 20-310326 | 2,500,000 | EUR | 2,500,000.00 | 2,583,662.50 | 1.27% |
| INTERTRUST GROUP B.V. 3,375 18-151125 | 1,000,000 | EUR | 1,000,000.00 | 1,024,685.00 | 0.50% |

DPAM L BONDS HIGHER YIELD
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| INTESA SAN PAOLO SpA FRN 17-PERPETUAL | 2,500,000 | EUR | 3,001,250.00 | 2,998,762.50 | 1.47% |
| --- | --- | --- | --- | --- | --- |
| IQVIA INC. 2,25 19-150128 | 2,000,000 | EUR | 2,030,510.00 | 2,023,930.00 | 1.00% |
| KBC GROUP FRN 18-PERPETUAL | 3,000,000 | EUR | 2,948,636.30 | 3,150,255.00 | 1.55% |
| LA POSTE S.A. FRN 18-PERPETUAL | 1,500,000 | EUR | 1,530,275.00 | 1,615,867.50 | 0.79% |
| LEVI STRAUSS & CO 3,375 17-150327 | 650,000 | EUR | 672,805.00 | 674,794.25 | 0.33% |
| LINCOLN FINANCING 3,625 19-010424 | 1,000,000 | EUR | 1,000,000.00 | 1,013,440.00 | 0.50% |
| LOXAM SAS 3,75 19-150726 | 1,000,000 | EUR | 1,000,000.00 | 1,020,415.00 | 0.50% |
| LOXAM SAS 5,75 19-150727 | 1,500,000 | EUR | 1,446,120.00 | 1,519,012.50 | 0.75% |
| MAXEDA DIY HLDG 5,875 20-011026 | 1,000,000 | EUR | 1,000,000.00 | 1,045,935.00 | 0.51% |
| MEXICO BONOS 4,00 15-150315 | 3,000,000 | EUR | 2,675,296.87 | 3,463,575.00 | 1.70% |
| MONTENEGRO 2,55 19-031029 | 1,800,000 | EUR | 1,761,228.00 | 1,708,929.00 | 0.84% |
| NOKIA CORP. 3,125 20-150528 | 500,000 | EUR | 498,955.00 | 551,122.50 | 0.27% |
| NORTH MACEDONIA 3,675 20-060326 | 500,000 | EUR | 492,780.00 | 561,400.00 | 0.28% |
| OI EUROPEAN GROUP 2,875 19-150225 | 1,000,000 | EUR | 1,000,000.00 | 1,018,230.00 | 0.50% |
| ORANO S.A. 2,75 20-080328 | 1,000,000 | EUR | 991,640.00 | 1,052,450.00 | 0.52% |
| PAPREC HLDG S.A. 4,00 18-310325 | 1,000,000 | EUR | 1,002,618.33 | 1,002,195.00 | 0.49% |
| PEACH PROPERTY FINANCE 4,375 20-151125 | 2,000,000 | EUR | 2,000,000.00 | 2,094,440.00 | 1.03% |
| PIAGGIO 3,625 18-300425 | 700,000 | EUR | 714,700.00 | 717,370.50 | 0.35% |
| PICARD BONDCO 5,50 17-301124 | 1,000,000 | EUR | 1,018,750.00 | 1,027,385.00 | 0.51% |
| PPF TELECOM 3,25 20-290927 | 1,000,000 | EUR | 992,320.00 | 1,076,855.00 | 0.53% |
| RCS & RDS S.A. 2,50 20-050225 | 2,000,000 | EUR | 2,000,000.00 | 1,987,680.00 | 0.98% |
| ROSSINI FRN 19-301025 | 2,000,000 | EUR | 2,000,000.00 | 1,995,320.00 | 0.98% |
| SARENS FINANCE CO N.V. 5,75 20-240227 | 1,500,000 | EUR | 1,500,000.00 | 1,397,385.00 | 0.69% |
| SHUNSHINE MID B.V. 6,50 18-150526 | 800,000 | EUR | 791,066.40 | 833,040.00 | 0.41% |
| SIGMA HOLDCO B.V. 5,75 18-150526 | 1,000,000 | EUR | 984,000.00 | 992,565.00 | 0.49% |
| SISAL PAY SpA FRN 19-171226 | 2,000,000 | EUR | 2,000,000.00 | 2,006,450.00 | 0.99% |
| SOLVAY FINANCE FRN 13-PERPETUAL | 2,852,000 | EUR | 3,070,372.97 | 3,167,973.08 | 1.56% |
| SPIE S.A. 2,625 19-180626 | 1,500,000 | EUR | 1,500,000.00 | 1,573,965.00 | 0.77% |
| STARFRUIT US STAR 6,50 18-011026 | 500,000 | EUR | 431,750.00 | 530,235.00 | 0.26% |
| SYNLAB BONDCO FRN 20-010725 | 4,500,000 | EUR | 4,485,000.00 | 4,598,235.00 | 2.26% |
| TELECOM ITALIA SpA 3,625 16-250526 | 2,100,000 | EUR | 2,105,930.00 | 2,318,316.00 | 1.14% |
| TELECOM ITALIA SpA 5,25 05-170355 | 3,000,000 | EUR | 3,510,827.00 | 3,827,520.00 | 1.88% |
| TELECOM ITALIA SpA 7,75 03-240133 | 2,000,000 | EUR | 3,008,960.00 | 2,960,620.00 | 1.46% |
| TELEFONICA EUROPE FRN 18-PERPETUAL | 1,500,000 | EUR | 1,444,940.00 | 1,542,517.50 | 0.76% |
| TELEFONICA EUROPE FRN 19-PERPETUAL | 3,000,000 | EUR | 3,000,000.00 | 3,262,800.00 | 1.60% |
| TELENET FINANCE LUX NOTE 3,50 17-010328 | 3,900,000 | EUR | 3,887,413.50 | 4,056,117.00 | 1.99% |
| TEREOS FINANCE 7,50 20-301025 | 100,000 | EUR | 97,962.00 | 106,204.00 | 0.05% |
| THREEAB OPTIQUE DEVELOPMENT 4,00 17-011023 | 500,000 | EUR | 480,870.00 | 508,205.00 | 0.25% |
| TITAN GLOBAL FINANCE 2,75 20-090727 | 2,500,000 | EUR | 2,500,000.00 | 2,596,437.50 | 1.28% |
| UNICREDIT SpA FRN 19-311249 | 1,000,000 | EUR | 1,115,871.66 | 1,161,405.00 | 0.57% |
| UNILABS SUBHOLDING 5,75 17-150525 | 2,700,000 | EUR | 2,701,110.37 | 2,773,359.00 | 1.36% |
| UNIPOL GRUPPO FINANZIARO SpA 3,25 20-230930 | 2,000,000 | EUR | 1,995,120.00 | 2,114,740.00 | 1.04% |
| UNITED GROUP B.V. 4,875 17-010724 | 1,000,000 | EUR | 1,000,000.00 | 1,024,730.00 | 0.50% |
| UPC HLDG B.V. 3,875 17-150629 | 1,000,000 | EUR | 1,037,000.00 | 1,030,075.00 | 0.51% |
| VERISURE MIDHLDG AB 5,75 17-011223 | 2,000,000 | EUR | 2,004,200.00 | 2,028,440.00 | 1.00% |
| VIRGIN MEDIA 3,75 20-150730 | 500,000 | EUR | 500,000.00 | 510,705.00 | 0.25% |
| VMED O2 UK FINANCING 3,25 20-310131 | 2,000,000 | EUR | 2,000,000.00 | 2,058,050.00 | 1.01% |
| VZ VENDOR FINANCE 2,875 20-150129 | 1,500,000 | EUR | 1,500,000.00 | 1,499,497.50 | 0.74% |
| WIENERBERGER A.G. 2,75 20-040625 | 500,000 | EUR | 497,125.00 | 534,485.00 | 0.26% |

DPAM L BONDS HIGHER YIELD
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| ZF FINANCE GMBH 3,00 20-210925 | 1,000,000 | EUR | 994,300.00 | 1,036,510.00 | 0.51% |
| --- | --- | --- | --- | --- | --- |
| Total EURO |  |  | 141,780,041.75 | 147,497,367.10 | 72.54% |
| INDONESIA 8,25 15-150536 | 98,000,000,0 00 | IDR | 6,389,875.25 | 6,659,212.71 | 3.27% |
| Total INDONESIAN RUPIAH |  |  | 6,389,875.25 | 6,659,212.71 | 3.27% |
| MEXICAN BONOS 7,75 11-290531 | 1,200,000 | MXN | 5,645,146.37 | 5,786,270.22 | 2.85% |
| MEXICO BONOS 8,00 17-071147 | 400,000 | MXN | 1,787,662.90 | 1,936,591.07 | 0.95% |
| Total NEW MEXICAN PESO |  |  | 7,432,809.27 | 7,722,861.29 | 3.80% |
| ALTICE FRANCE HLDG 6,00 20-150228 | 1,000,000 | USD | 922,876.23 | 832,757.14 | 0.41% |
| ALTICE FRANCE S.A. 7,375 16-010526 | 2,000,000 | USD | 1,931,896.79 | 1,714,658.17 | 0.84% |
| ARAMARK SERVICES 5,00 18-010228 | 1,000,000 | USD | 818,703.01 | 862,179.72 | 0.42% |
| ARCELORMITTAL FRN 11-010341 | 1,500,000 | USD | 1,586,955.52 | 1,709,022.92 | 0.84% |
| ARMENIA 3,95 19-260929 | 1,000,000 | USD | 886,139.37 | 824,731.31 | 0.41% |
| AT SECURITIES B.V. FRN 17-PERPETUAL | 1,500,000 | USD | 1,278,799.78 | 1,287,237.96 | 0.63% |
| AUTOPISTAS DEL ND 9,39 06-150424 | 2,000,000 | USD | 865,928.53 | 939,202.26 | 0.46% |
| COSAN OVERSEAS 8,25 10-PERPETUAL | 2,000,000 | USD | 1,443,943.17 | 1,682,530.34 | 0.83% |
| CREDIT AGRICOLE FRN 14-PERPETUAL | 1,000,000 | USD | 1,055,016.47 | 931,257.41 | 0.46% |
| CREDIT SUISSE FRN 17-PERPETUAL | 1,000,000 | USD | 896,251.21 | 864,447.72 | 0.43% |
| CSC HLDG LLC 6,50 19-010229 | 2,000,000 | USD | 1,969,611.54 | 1,845,972.78 | 0.91% |
| DARLING INGREDIENTS 5,25 19-150427 | 1,000,000 | USD | 902,958.54 | 869,367.83 | 0.43% |
| IHO VERWALTUNGS 4,75 16-150926 | 1,000,000 | USD | 827,040.25 | 849,086.68 | 0.42% |
| IRON MOUNTAIN 5,25 17-150328 | 1,000,000 | USD | 952,229.45 | 862,486.21 | 0.42% |
| MILLICOM INTERNATIONAL CELL 5,125 17-150128 | 750,000 | USD | 627,431.30 | 652,317.03 | 0.32% |
| MILLICOM INTERNATIONAL CELL 6,25 19-250329 | 1,000,000 | USD | 884,212.38 | 923,660.66 | 0.45% |
| SOFTBK GROUP CORP. FRN 17-PERPETUA | 1,000,000 | USD | 822,444.43 | 802,460.05 | 0.39% |
| SPCM S.A. 4,875 17-150925 | 1,500,000 | USD | 1,392,130.72 | 1,269,020.47 | 0.62% |
| TESLA INC. 5,30 17-150825 | 1,000,000 | USD | 925,053.42 | 851,244.33 | 0.42% |
| TRIVIUM PACKAGING 8,50 19-150827 | 1,500,000 | USD | 1,390,540.91 | 1,353,647.17 | 0.67% |
| UBS GROUP FRN 20-PERPETUAL | 1,000,000 | USD | 862,589.49 | 875,542.48 | 0.43% |
| UBS GROUP FUNDING FRN 19-PERPETUAL | 500,000 | USD | 437,234.92 | 448,371.54 | 0.22% |
| VM HLDG S.A. 5,375 17-030527 | 2,000,000 | USD | 1,822,997.29 | 1,825,646.68 | 0.90% |
| VODAFONE GROUP FRN 19-040479 | 1,500,000 | USD | 1,495,907.33 | 1,530,323.65 | 0.75% |
| Total U.S. DOLLAR |  |  | 26,998,892.05 | 26,607,172.51 | 13.08% |
| SOUTH AFRICA 8,5 13-310137 | 120,000,000 | ZAR | 5,334,780.67 | 5,545,788.14 | 2.73% |
| Total SOUTH AFRICAN RAND |  |  | 5,334,780.67 | 5,545,788.14 | 2.73% |
| Total Bonds |  |  | 189,882,039.35 | 195,935,782.54 | 96.36% |
| Total Transferable securities admitted to an official stock exchange or dealt in on another regulated market |  |  | 189,882,039.35 | 195,935,782.54 | 96.36% |
| Other Transferable Securities |  |  |  |  |  |
| CIE FONCIERE FID 0,10 94-311222 | 492,680 | EUR | 0.01 | 0.00 | 0.00% |
| CIE FONCIERE FID STEP UP 93-311222 | 460,508 | EUR | 0.01 | 0.00 | 0.00% |

DPAM L BONDS HIGHER YIELD
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| LYONDELLBASELL INDUSTRIES 8,375 05-150815-DEFAULT- | 9,000,000 | EUR | 7,651,013.53 | 0.00 | 0.00% |
| --- | --- | --- | --- | --- | --- |
| UNICREDIT-MITSUBISHI FRN 09-151250 | 2,000,000 | EUR | 1,383,000.00 | 1,023,000.00 | 0.50% |
| Total EURO |  |  | 9,034,013.55 | 1,023,000.00 | 0.50% |
| Total Other Transferable Securities |  |  | 9,034,013.55 | 1,023,000.00 | 0.50% |
| Total Portfolio |  |  | 198,916,052.90 | 196,958,782.54 | 96.86% |

|  |
| --- |
| DPAM L BONDS GOVERNMENT SUSTAINABLE HEDGED |
|  |
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
|  |
| Transferable securities admitted to an official stock exchange or dealt in on another regulated market |  |  |  |  |  |
| Bonds |  |  |  |  |  |
| AUSTRALIA 1,00 20-211131 | 14,250,000 | AUD | 8,730,525.56 | 8,932,851.91 | 1.13% |
| AUSTRALIA 2,75 15-211127 | 31,000,000 | AUD | 20,844,748.87 | 22,371,379.92 | 2.82% |
| AUSTRALIA 3,00 16-210347 | 13,500,000 | AUD | 10,250,568.15 | 10,463,095.99 | 1.32% |
| AUSTRALIA 3,25 13-210425 | 23,000,000 | AUD | 15,486,071.98 | 16,360,664.74 | 2.07% |
| AUSTRALIA GOVT 2,75 18-210541 | 4,250,000 | AUD | 3,104,827.88 | 3,148,232.53 | 0.40% |
| AUSTRALIA -INFLATION LINKED- 2,50 10-200930 | 12,100,000 | AUD | 11,188,316.17 | 12,405,094.58 | 1.57% |
| Total AUSTRALIAN DOLLAR |  |  | 69,605,058.61 | 73,681,319.67 | 9.30% |
| CANADA 1,00 16-010627 | 57,000,000 | CAD | 37,461,377.31 | 37,819,909.55 | 4.77% |
| CANADA 2,75 11-010622 | 16,000,000 | CAD | 11,060,155.40 | 10,640,338.72 | 1.34% |
| CANADA 3,50 11-011245 | 12,250,000 | CAD | 11,320,825.76 | 11,872,904.64 | 1.50% |
| CANADIAN GOVT 1,25 19-010630 | 27,000,000 | CAD | 18,300,898.99 | 18,227,338.34 | 2.30% |
| Total CANADIAN DOLLAR |  |  | 78,143,257.46 | 78,560,491.25 | 9.92% |
| SWISS CONFEDERATION 0,50 15-270530 | 14,500,000 | CHF | 14,816,557.08 | 14,807,214.18 | 1.87% |
| SWITZERLAND 1,50 13-240725 | 2,500,000 | CHF | 2,640,726.76 | 2,555,360.37 | 0.32% |
| Total SWISS FRANC |  |  | 17,457,283.84 | 17,362,574.55 | 2.19% |
| DENMARK KINGDOM 0,50 18-151129 | 240,000,000 | DKK | 34,585,509.99 | 35,046,168.11 | 4.42% |
| DENMARK KINGDOM 1,50 11-151123 | 60,000,000 | DKK | 8,759,638.43 | 8,559,740.45 | 1.08% |
| DENMARK KINGDOM -INFLATION LINKED- 0,10 11-151123 | 13,300,000 | DKK | 1,997,275.69 | 2,012,518.44 | 0.25% |
| DENMARK KINGDOM -INFLATION LINKED- 0,10 18-151130 | 13,700,000 | DKK | 1,964,233.97 | 2,180,285.58 | 0.28% |
| Total DANISH KRONE |  |  | 47,306,658.08 | 47,798,712.58 | 6.03% |
| AUSTRIA 0,75 18-200228 | 23,000,000 | EUR | 24,515,780.00 | 25,218,810.00 | 3.18% |
| AUSTRIA 0,85 20-30062120 | 500,000 | EUR | 490,050.00 | 661,295.00 | 0.08% |
| AUSTRIA 1,50 16-200247 | 3,125,000 | EUR | 3,895,438.75 | 4,325,500.00 | 0.55% |
| AUSTRIA 2,40 13-230534 | 4,500,000 | EUR | 6,029,841.67 | 6,139,350.00 | 0.78% |
| BELGIUM KINGDOM OLO 88 1,7 19-22062050 | 6,500,000 | EUR | 8,324,108.00 | 9,007,407.50 | 1.14% |
| BELGIUM OLO 0,20 16-221023 | 15,000,000 | EUR | 15,411,600.00 | 15,388,125.00 | 1.94% |
| BELGIUM OLO 87 0,90 19-220629 | 23,000,000 | EUR | 25,385,465.58 | 25,691,690.00 | 3.24% |
| DEUTSCHLAND -INFLATION LINKED- 0,10 15-150426 | 2,700,000 | EUR | 3,122,263.18 | 3,090,283.32 | 0.39% |
| EXPORT DEVELOPMENT 0,00 20-270125 | 4,600,000 | EUR | 4,652,808.00 | 4,684,870.00 | 0.59% |
| FINLAND 1,125 18-150434 | 9,500,000 | EUR | 10,613,241.66 | 11,269,707.50 | 1.42% |
| FINLAND 2,75 12-040728 | 20,500,000 | EUR | 25,122,939.09 | 25,757,430.00 | 3.25% |
| FRANCE OAT 1,25 17-250534 | 19,000,000 | EUR | 22,289,233.12 | 22,636,315.00 | 2.86% |
| FRANCE OAT 1,50 18-250550 | 3,000,000 | EUR | 3,908,710.00 | 3,999,705.00 | 0.50% |
| FRANCE OAT -INFLATION LINKED- 0,10 19-010329 | 27,000,000 | EUR | 30,030,757.87 | 30,697,372.39 | 3.88% |
| IRELAND 1,35 18-180331 | 21,500,000 | EUR | 24,166,647.50 | 25,224,445.00 | 3.18% |
| IRISH TREASURY 1,00 16-150526 | 14,000,000 | EUR | 14,900,200.40 | 15,216,530.00 | 1.92% |
| IRISH TREASURY 1,50 19-150550 | 7,500,000 | EUR | 8,898,750.00 | 10,077,225.00 | 1.27% |
| KFW 0,625 17-220227 | 23,500,000 | EUR | 24,586,305.49 | 25,233,830.00 | 3.19% |
| KFW 1,25 16-040736 | 11,500,000 | EUR | 12,765,725.49 | 13,903,500.00 | 1.76% |

DPAM L BONDS GOVERNMENT SUSTAINABLE HEDGED
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| LUXEMBOURG 0,625 17-010227 | 700,000 | EUR | 697,640.00 | 750,624.00 | 0.09% |
| --- | --- | --- | --- | --- | --- |
| NETHERLANDS GOVT 0,50 19-150140 | 8,000,000 | EUR | 8,952,590.48 | 9,194,440.00 | 1.16% |
| REPUBLIKA SLOVENIJA 1,25 17-220327 | 24,000,000 | EUR | 25,723,654.55 | 26,467,440.00 | 3.34% |
| REPUBLIKA SLOVENIJA 1,50 15-250335 | 16,000,000 | EUR | 17,512,984.50 | 19,368,960.00 | 2.45% |
| SLOVENIA 0,488 20-201050 | 1,500,000 | EUR | 1,497,705.00 | 1,584,285.00 | 0.20% |
| Total EURO |  |  | 323,494,440.33 | 335,589,139.71 | 42.36% |
| UK TREASURY 1,25 17-220727 | 46,000,000 | GBP | 55,370,053.47 | 55,543,805.16 | 7.01% |
| UK TREASURY 3,50 14-220145 | 8,500,000 | GBP | 14,110,165.31 | 15,306,789.75 | 1.93% |
| Total BRITISH POUND |  |  | 69,480,218.78 | 70,850,594.91 | 8.94% |
| JAPAN 0,10 19-200929 | 300,000,000 | JPY | 2,542,913.83 | 2,401,440.09 | 0.30% |
| JAPAN -INFLATION LINKED- 0,10 19-100329 | 1,721,200,00 0 | JPY | 14,661,287.61 | 13,685,955.28 | 1.73% |
| JAPAN TREASURY 0,10 17-200927 | 900,000,000 | JPY | 7,585,940.22 | 7,217,001.80 | 0.91% |
| Total JAPANESE YEN |  |  | 24,790,141.66 | 23,304,397.17 | 2.94% |
| NORWAY 1,75 15-130325 | 40,000,000 | NOK | 4,298,826.49 | 4,006,032.84 | 0.51% |
| NORWAY 2,00 18-260428 | 170,000,000 | NOK | 17,787,784.99 | 17,573,725.66 | 2.22% |
| NORWAY 3,75 10-250521 | 25,000,000 | NOK | 3,068,674.85 | 2,419,363.30 | 0.31% |
| Total NORWEGIAN KRONE |  |  | 25,155,286.33 | 23,999,121.80 | 3.03% |
| NEW ZEALAND 1,50 19-150531 | 18,000,000 | NZD | 10,670,008.51 | 11,125,597.27 | 1.40% |
| NEW ZEALAND 1,75 20-150541 | 8,200,000 | NZD | 4,931,737.85 | 4,762,263.15 | 0.60% |
| NEW ZEALAND 2,75 16-150437 | 8,000,000 | NZD | 5,260,181.00 | 5,545,345.42 | 0.70% |
| NEW ZEALAND 4,50 14-150427 | 35,000,000 | NZD | 24,617,397.74 | 25,585,383.08 | 3.23% |
| NEW ZEALAND 5,50 11-150423 | 19,400,000 | NZD | 13,266,828.57 | 12,770,620.22 | 1.61% |
| NEW ZEALAND -INFLATION LINKED- 2,00 12-200925 | 2,700,000 | NZD | 1,907,696.08 | 1,975,381.91 | 0.25% |
| Total NEW ZEALAND DOLLAR |  |  | 60,653,849.75 | 61,764,591.05 | 7.80% |
| SWEDEN 0,125 19-120531 | 50,000,000 | SEK | 4,944,797.52 | 5,028,835.15 | 0.63% |
| SWEDEN 1,00 14-121126 | 100,000,000 | SEK | 10,185,247.42 | 10,670,398.57 | 1.35% |
| SWEDEN 3,50 09-300339 | 61,000,000 | SEK | 8,362,649.23 | 9,480,450.82 | 1.20% |
| SWEDEN -INFLATION LINKED- 0,125 17-011227 | 70,700,000 | SEK | 8,324,245.72 | 8,367,063.71 | 1.06% |
| SWEDEN -INFLATION LINKED- 0,25 11-010622 | 13,700,000 | SEK | 1,645,595.06 | 1,502,248.58 | 0.19% |
| Total SWEDISH KRONA |  |  | 33,462,534.95 | 35,048,996.83 | 4.42% |
| Total Bonds |  |  | 749,548,729.79 | 767,959,939.52 | 96.95% |
| Total Transferable securities admitted to an official stock exchange or dealt in on another regulated market |  |  | 749,548,729.79 | 767,959,939.52 | 96.95% |
| Total Portfolio |  |  | 749,548,729.79 | 767,959,939.52 | 96.95% |

|  |
| --- |
| DPAM L EQUITIES CONVICTION RESEARCH |
|  |
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
|  |
| Transferable securities admitted to an official stock exchange or dealt in on another regulated market |  |  |  |  |  |
| Shares & Related Securities |  |  |  |  |  |
| LONZA GROUP A.G. -REG- | 23,500 | CHF | 7,036,506.49 | 12,358,929.31 | 3.76% |
| NESTLE -REG- | 135,000 | CHF | 11,941,501.99 | 13,013,822.75 | 3.96% |
| NOVARTIS -REG- | 167,000 | CHF | 12,301,139.27 | 12,916,231.33 | 3.93% |
| Total SWISS FRANC |  |  | 31,279,147.75 | 38,288,983.39 | 11.66% |
| DSV PANALPINA | 65,000 | DKK | 6,016,158.54 | 8,907,159.99 | 2.71% |
| Total DANISH KRONE |  |  | 6,016,158.54 | 8,907,159.99 | 2.71% |
| AIR LIQUIDE | 90,000 | EUR | 9,488,724.74 | 12,082,500.00 | 3.68% |
| ALD S.A. | 800,000 | EUR | 9,381,423.58 | 9,200,000.00 | 2.80% |
| AMADEUS IT GROUP S.A. | 160,000 | EUR | 10,431,370.88 | 9,529,600.00 | 2.90% |
| AMUNDI S.A. | 125,000 | EUR | 7,276,797.83 | 8,350,000.00 | 2.54% |
| BEIERSDORF A.G. | 120,000 | EUR | 11,877,096.13 | 11,332,800.00 | 3.45% |
| CELLNEX TELECOM S.A. | 180,000 | EUR | 7,968,584.06 | 8,841,600.00 | 2.69% |
| FERRARI N.V. | 50,000 | EUR | 7,270,860.22 | 9,432,500.00 | 2.87% |
| FERROVIAL S.A. | 353,500 | EUR | 9,868,876.16 | 7,989,100.00 | 2.43% |
| GRIFOLS S.A. | 500,000 | EUR | 13,048,682.11 | 11,940,000.00 | 3.64% |
| IBERDROLA S.A. | 750,000 | EUR | 6,910,885.76 | 8,775,000.00 | 2.67% |
| INTERPUMP GROUP SpA | 270,000 | EUR | 7,434,709.29 | 10,891,800.00 | 3.32% |
| KERRY GROUP PLC | 100,000 | EUR | 10,595,900.28 | 11,850,000.00 | 3.61% |
| KONINKLIJKE KPN | 3,650,000 | EUR | 9,177,485.97 | 9,077,550.00 | 2.76% |
| MEDIOBANCA | 1,100,000 | EUR | 8,545,270.26 | 8,294,000.00 | 2.53% |
| NESTE CORP. | 160,000 | EUR | 4,484,463.18 | 9,465,600.00 | 2.88% |
| SAMPO OYJ | 210,000 | EUR | 7,834,152.05 | 7,259,700.00 | 2.21% |
| SAP A.G. | 85,000 | EUR | 8,541,961.79 | 9,113,700.00 | 2.78% |
| SCHNEIDER ELECTRIC SE | 80,000 | EUR | 6,094,173.90 | 9,464,000.00 | 2.88% |
| SODEXO | 170,000 | EUR | 13,794,097.79 | 11,767,400.00 | 3.58% |
| TELEPERFORMANCE | 33,000 | EUR | 5,653,696.45 | 8,952,900.00 | 2.73% |
| Total EURO |  |  | 175,679,212.43 | 193,609,750.00 | 58.95% |
| ASTRAZENECA PLC | 140,000 | GBP | 10,313,570.98 | 11,455,256.40 | 3.49% |
| BEAZLEY PLC | 1,800,000 | GBP | 10,349,453.80 | 7,331,918.22 | 2.23% |
| BURBERRY GROUP PLC | 601,000 | GBP | 11,710,015.03 | 12,015,299.97 | 3.66% |
| CRODA INTERNATIONAL PLC | 190,000 | GBP | 9,911,697.64 | 14,001,117.19 | 4.26% |
| Total BRITISH POUND |  |  | 42,284,737.45 | 44,803,591.78 | 13.64% |
| EQUINOR ASA | 600,000 | NOK | 7,874,519.21 | 8,301,832.76 | 2.53% |
| ORKLA ASA | 1,500,000 | NOK | 11,396,351.82 | 12,457,044.67 | 3.79% |
| Total NORWEGIAN KRONE |  |  | 19,270,871.03 | 20,758,877.43 | 6.32% |
| ATLAS COPCO AB -REG -A- | 220,000 | SEK | 7,251,716.35 | 9,219,485.50 | 2.81% |

DPAM L EQUITIES CONVICTION RESEARCH
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| INTRUM AB | 370,000 | SEK | 7,755,071.01 | 7,982,883.02 | 2.43% |
| --- | --- | --- | --- | --- | --- |
| Total SWEDISH KRONA |  |  | 15,006,787.36 | 17,202,368.52 | 5.24% |
| Total Shares & Related Securities |  |  | 289,536,914.56 | 323,570,731.11 | 98.52% |
| Total Transferable securities admitted to an official stock exchange or dealt in on another regulated market |  |  | 289,536,914.56 | 323,570,731.11 | 98.52% |
| Other Transferable Securities |  |  |  |  |  |
| CHINA DIAMOND CORP. | 4,500,000 | USD | 214,411.18 | 0.00 | 0.00% |
| Total U.S. DOLLAR |  |  | 214,411.18 | 0.00 | 0.00% |
| Total Other Transferable Securities |  |  | 214,411.18 | 0.00 | 0.00% |
| Total Portfolio |  |  | 289,751,325.74 | 323,570,731.11 | 98.52% |

|  |
| --- |
| DPAM L BONDS EUR HIGH YIELD SHORT TERM |
|  |
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
|  |
| Transferable securities admitted to an official stock exchange or dealt in on another regulated market |  |  |  |  |  |
| Bonds |  |  |  |  |  |
| ADLER REAL ESTATE A.G. 1,50 17-061221 | 4,180,000 | EUR | 4,220,445.42 | 4,187,294.10 | 1.22% |
| ADLER REAL ESTATE A.G. 1,50 19-170422 | 6,500,000 | EUR | 6,508,250.00 | 6,494,962.50 | 1.89% |
| ARCELORMITTAL 2,25 19-170124 | 5,000,000 | EUR | 4,941,355.15 | 5,220,175.00 | 1.52% |
| AREVA S.A. 4,875 09-230924 | 6,000,000 | EUR | 6,846,417.00 | 6,894,120.00 | 2.01% |
| BALL CORP. 4,375 15-151223 | 6,800,000 | EUR | 7,691,190.00 | 7,506,180.00 | 2.19% |
| CASINO GUICHARD-PERRACHON 1,865 17-130622 | 7,000,000 | EUR | 6,773,750.00 | 7,098,385.00 | 2.07% |
| CMA CGM 6,50 17-150722 | 8,350,000 | EUR | 8,443,000.00 | 8,507,564.50 | 2.48% |
| CROWN EUROPEAN HLDG 0,75 19-150223 | 4,500,000 | EUR | 4,502,070.00 | 4,497,682.50 | 1.31% |
| CROWN EUROPEAN HLDG 2,25 18-010223 | 11,500,000 | EUR | 11,986,888.77 | 11,782,095.00 | 3.43% |
| DKT FINANCE APS 7,00 18-170623 | 2,900,000 | EUR | 3,180,091.67 | 3,000,920.00 | 0.87% |
| EIRCOM FINANCE 1,75 19-011124 | 5,000,000 | EUR | 4,933,000.00 | 4,927,825.00 | 1.44% |
| ELIS S.A. 1,875 18-150223 | 16,400,000 | EUR | 16,755,176.96 | 16,742,104.00 | 4.88% |
| FCE BANK PLC 1,615 16-110523 | 1,400,000 | EUR | 1,408,120.00 | 1,406,580.00 | 0.41% |
| FIAT CHRYSLER AUTO 3,375 20-070723 | 2,800,000 | EUR | 2,921,195.00 | 2,989,490.00 | 0.87% |
| FIAT CHRYSLER AUTO 3,75 16-290324 | 12,700,000 | EUR | 13,842,303.50 | 13,967,968.00 | 4.07% |
| FNAC DARTY S.A. 1,875 19-300524 | 7,400,000 | EUR | 7,376,916.00 | 7,516,328.00 | 2.19% |
| FORD MOTOR CREDIT 1,514 19-170223 | 7,500,000 | EUR | 7,306,315.00 | 7,504,237.50 | 2.19% |
| FORD MOTOR CREDIT 3,021 19-060324 | 4,000,000 | EUR | 4,092,500.00 | 4,153,500.00 | 1.21% |
| GESTAMP FUND LUX S.A. 3,50 16-150523 | 700,000 | EUR | 705,915.00 | 706,321.00 | 0.21% |
| GRUPO-ANTOLIN IRAUSA 3,25 17-300424 | 4,000,000 | EUR | 3,736,250.00 | 3,964,380.00 | 1.16% |
| HIPERCOR 3,875 15-190122 | 2,000,000 | EUR | 2,125,000.00 | 2,068,800.00 | 0.60% |
| HJ HEINZ CO 2,00 15-300623 | 1,500,000 | EUR | 1,516,585.00 | 1,553,910.00 | 0.45% |
| IMMOFINANZ A.G. 2,625 19-270123 | 1,000,000 | EUR | 1,060,645.00 | 1,033,075.00 | 0.30% |
| INEOS GROUP HLDG 5,375 16-010824 | 1,750,000 | EUR | 1,769,682.50 | 1,775,751.25 | 0.52% |
| INTERNATIONAL GAME TECHNOLOGY 3,50 18-150724 | 2,000,000 | EUR | 2,075,866.00 | 2,091,300.00 | 0.61% |
| INTERNATIONAL GAME TECHNOLOGY 4,75 15-150223 | 11,000,000 | EUR | 12,127,132.69 | 11,547,085.00 | 3.37% |
| LIMACORPORATE SpA FRN 17-150823 | 970,000 | EUR | 944,601.00 | 964,912.35 | 0.28% |
| LKQ ITALIA BONDCO 3,875 16-010424 | 5,000,000 | EUR | 5,403,750.00 | 5,416,975.00 | 1.58% |
| LOXAM SAS 3,50 16-030523 | 8,550,000 | EUR | 8,736,960.01 | 8,639,091.00 | 2.52% |
| LOXAM SAS 3,50 17-150422 | 2,000,000 | EUR | 2,042,940.00 | 2,028,500.00 | 0.59% |
| MATTERHORN TELECOM 2,625 19-150924 | 4,000,000 | EUR | 4,056,800.00 | 4,051,600.00 | 1.18% |
| NEXANS 2,75 17-050424 | 3,500,000 | EUR | 3,689,500.00 | 3,703,822.50 | 1.08% |
| NEXANS 3,25 16-260521 | 100,000 | EUR | 108,884.48 | 100,557.50 | 0.03% |
| NEXANS 3,75 18-080823 | 4,200,000 | EUR | 4,609,460.54 | 4,518,906.00 | 1.32% |
| NOKIA OYJ 2,00 17-150324 | 5,000,000 | EUR | 5,163,800.00 | 5,192,575.00 | 1.51% |
| NOMAD FOODS 3,25 17-150524 | 4,235,000 | EUR | 4,300,219.00 | 4,296,640.42 | 1.25% |
| OCI N.V. 3,125 19-011124 | 4,000,000 | EUR | 4,129,160.00 | 4,126,780.00 | 1.20% |
| OI EUROPEAN GROUP 3,125 16-151124 | 4,000,000 | EUR | 4,147,000.00 | 4,151,340.00 | 1.21% |
| PEACH PROPERTY FINANCE 3,50 19-150223 | 4,500,000 | EUR | 4,455,330.00 | 4,613,062.50 | 1.34% |
| PICARD BONDCO 5,50 17-301124 | 2,000,000 | EUR | 2,058,100.00 | 2,054,770.00 | 0.60% |
| PICARD GROUPE SAS FRN 17-301123 | 11,000,000 | EUR | 10,686,340.00 | 11,009,570.00 | 3.21% |
| PPF TELECOM 3,50 20-200524 | 5,000,000 | EUR | 5,269,250.00 | 5,310,025.00 | 1.55% |
| RENAULT S.A. S.A. 1,00 17-080323 | 8,000,000 | EUR | 7,798,360.00 | 8,018,400.00 | 2.34% |
| SAGAX AB 2,00 18-170124 | 1,000,000 | EUR | 988,565.00 | 1,045,530.00 | 0.30% |
| SCHAEFFLER FINANCE B.V. 1,875 19-260324 | 7,000,000 | EUR | 7,222,925.00 | 7,238,840.00 | 2.11% |
| SIG COMBIBLOC 1,875 20-180623 | 5,000,000 | EUR | 5,000,000.00 | 5,173,750.00 | 1.51% |

DPAM L BONDS EUR HIGH YIELD SHORT TERM
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| SOFTBK GROUP CORP. 4,00 15-300722 | 2,450,000 | EUR | 2,629,592.35 | 2,548,318.50 | 0.74% |
| --- | --- | --- | --- | --- | --- |
| SOFTBK GROUP CORP.4,00 18-200423 | 13,550,000 | EUR | 14,572,841.65 | 14,157,920.75 | 4.13% |
| SPIE S.A. 3,125 17-220324 | 8,000,000 | EUR | 8,296,684.00 | 8,475,960.00 | 2.47% |
| TDC A/S FRN 12-020322 | 12,400,000 | EUR | 13,592,896.83 | 13,081,194.00 | 3.81% |
| TELECOM ITALIA SpA 1,125 15-260322 | 8,100,000 | EUR | 7,838,748.05 | 8,080,276.50 | 2.35% |
| TELECOM ITALIA SpA 3,625 16-190124 | 8,100,000 | EUR | 8,789,228.80 | 8,694,540.00 | 2.53% |
| TESSENDERLO CHEMIE 2,875 15-150722 | 1,000,000 | EUR | 1,042,500.00 | 1,029,415.00 | 0.30% |
| UNITED GROUP B.V. 4,875 17-010724 | 1,500,000 | EUR | 1,537,500.00 | 1,537,095.00 | 0.45% |
| VERISURE HLDG AB 3,50 18-150523 | 3,000,000 | EUR | 2,932,200.00 | 3,048,240.00 | 0.89% |
| VERISURE MIDHLDG AB 5,75 17-011223 | 10,000,000 | EUR | 10,163,140.00 | 10,142,200.00 | 2.96% |
| VILMORIN ET CIE 2,375 14-260521 | 3,000,000 | EUR | 3,144,521.25 | 3,017,685.00 | 0.88% |
| WIENERBERGER A.G. 2,00 18-020524 | 4,000,000 | EUR | 4,061,250.00 | 4,186,840.00 | 1.22% |
| ZF EUROPE FINANCE 1,25 19-231023 | 2,000,000 | EUR | 1,986,100.00 | 1,987,170.00 | 0.58% |
| ZF NORTH AMERICA CAP 2,75 15-270423 | 5,500,000 | EUR | 5,554,400.00 | 5,645,117.50 | 1.65% |
| Total EURO |  |  | 325,799,608.62 | 326,425,652.87 | 95.13% |
| Total Bonds |  |  | 325,799,608.62 | 326,425,652.87 | 95.13% |
| Total Transferable securities admitted to an official stock exchange or dealt in on another regulated market |  |  | 325,799,608.62 | 326,425,652.87 | 95.13% |
| Other Transferable Securities |  |  |  |  |  |
| ARGAN 3,25 17-040723 | 700,000 | EUR | 722,050.00 | 738,458.00 | 0.22% |
| Total EURO |  |  | 722,050.00 | 738,458.00 | 0.22% |
| Total Other Transferable Securities |  |  | 722,050.00 | 738,458.00 | 0.22% |
| Total Portfolio |  |  | 326,521,658.62 | 327,164,110.87 | 95.35% |

|  |
| --- |
| DPAM L PATRIMONIAL FUND |
|  |
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
|  |
| Transferable securities admitted to an official stock exchange or dealt in on another regulated market |  |  |  |  |  |
| Shares & Related Securities |  |  |  |  |  |
| LONZA GROUP A.G. -REG- | 1,750 | CHF | 764,929.07 | 920,345.80 | 0.47% |
| SIG COMBIBLOC A.G. | 33,000 | CHF | 628,791.26 | 626,711.66 | 0.32% |
| Total SWISS FRANC |  |  | 1,393,720.33 | 1,547,057.46 | 0.79% |
| AMADEUS IT GROUP S.A. | 19,000 | EUR | 1,059,011.65 | 1,131,640.00 | 0.58% |
| ASML HLDG N.V. | 2,200 | EUR | 659,480.75 | 874,610.00 | 0.45% |
| CELLNEX TELECOM S.A. | 17,400 | EUR | 849,075.26 | 854,688.00 | 0.44% |
| CONTINENTAL A.G. | 8,400 | EUR | 1,001,574.54 | 1,018,500.00 | 0.52% |
| CORBION | 6,800 | EUR | 302,992.60 | 313,820.00 | 0.16% |
| DANONE | 19,000 | EUR | 1,031,082.74 | 1,021,440.00 | 0.52% |
| EDP ENERGIAS -REG- | 150,000 | EUR | 708,560.74 | 773,400.00 | 0.39% |
| HELLOFRESH SE | 15,000 | EUR | 649,067.01 | 948,000.00 | 0.48% |
| INFINEON TECHNOLOGIES | 40,843 | EUR | 1,015,689.85 | 1,282,061.77 | 0.65% |
| MEDIOBANCA | 124,433 | EUR | 963,085.54 | 938,224.82 | 0.48% |
| MERCK KGAA | 8,900 | EUR | 1,102,319.94 | 1,249,115.00 | 0.64% |
| SAP A.G. | 8,700 | EUR | 806,036.03 | 932,814.00 | 0.48% |
| UCB | 12,000 | EUR | 976,228.95 | 1,013,760.00 | 0.52% |
| UMICORE S.A. | 24,750 | EUR | 910,315.62 | 972,427.50 | 0.50% |
| Total EURO |  |  | 12,034,521.22 | 13,324,501.09 | 6.79% |
| ALIBABA GROUP HLDG LTD | 30,000 | HKD | 839,939.45 | 714,010.91 | 0.36% |
| HONG KONG EXCHANGES & CLEARING | 22,000 | HKD | 780,123.16 | 1,008,258.45 | 0.51% |
| Total HONG KONG DOLLAR |  |  | 1,620,062.61 | 1,722,269.36 | 0.88% |
| EAST JAPAN RAILWAY COMPANY | 8,100 | JPY | 488,263.91 | 425,629.20 | 0.22% |
| KEYENCE CORP. | 2,200 | JPY | 718,885.67 | 999,466.06 | 0.51% |
| NIDEC CORP. | 9,400 | JPY | 583,579.63 | 974,039.67 | 0.50% |
| SONY CORP. | 14,500 | JPY | 929,758.75 | 1,194,889.87 | 0.61% |
| SYSMEX CORP. | 9,700 | JPY | 727,186.53 | 964,813.50 | 0.49% |
| Total JAPANESE YEN |  |  | 3,447,674.49 | 4,558,838.30 | 2.32% |
| DNB NOR ASA -A- | 60,000 | NOK | 941,154.49 | 962,199.31 | 0.49% |
| LEROY SEAFOOD GROUP ASA | 137,000 | NOK | 770,353.95 | 791,974.04 | 0.40% |
| Total NORWEGIAN KRONE |  |  | 1,711,508.44 | 1,754,173.35 | 0.89% |
| ASSA ABLOY AB -B- | 35,000 | SEK | 665,466.88 | 705,329.15 | 0.36% |
| BOLIDEN AB | 33,000 | SEK | 891,663.85 | 956,978.65 | 0.49% |
| Total SWEDISH KRONA |  |  | 1,557,130.73 | 1,662,307.80 | 0.85% |
| SATS LTD | 280,021 | SGD | 675,100.50 | 683,991.68 | 0.35% |
| Total SINGAPORE DOLLAR |  |  | 675,100.50 | 683,991.68 | 0.35% |

DPAM L PATRIMONIAL FUND
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| A.O.SMITH CORP. | 16,000 | USD | 772,233.06 | 716,864.86 | 0.37% |
| --- | --- | --- | --- | --- | --- |
| ACCENTURE PLC -A- | 4,000 | USD | 675,009.66 | 853,941.40 | 0.44% |
| ACTIVISION BLIZZARD INC. | 12,000 | USD | 718,281.92 | 910,628.91 | 0.46% |
| AGILENT TECHNOLOGIES INC. | 10,000 | USD | 818,704.80 | 968,411.59 | 0.49% |
| ALPHABET INC. -C- | 690 | USD | 824,842.83 | 987,942.63 | 0.50% |
| AUTOMATIC DATA PROCESSING INC. | 5,000 | USD | 686,879.65 | 720,035.96 | 0.37% |
| BOOKING HLDG INC. | 590 | USD | 970,483.30 | 1,073,997.22 | 0.55% |
| COMCAST CORP. -A- | 17,500 | USD | 674,072.03 | 749,458.54 | 0.38% |
| DANAHER CORP. | 4,800 | USD | 794,668.54 | 871,457.64 | 0.44% |
| INTUITIVE SURGICAL INC. | 1,300 | USD | 815,470.00 | 869,216.62 | 0.44% |
| MARSH & MC LENNAN | 7,062 | USD | 603,862.26 | 675,292.39 | 0.34% |
| MASTERCARD INC. -A- | 2,750 | USD | 668,474.26 | 802,243.47 | 0.41% |
| MERCK & CO INC.-NEW- | 9,000 | USD | 541,752.97 | 601,691.80 | 0.31% |
| NORFOLK SOUTHERN CORP. | 4,800 | USD | 749,697.59 | 932,146.62 | 0.48% |
| PARKER-HANNIFINANCE CORP. | 4,500 | USD | 869,470.66 | 1,001,875.69 | 0.51% |
| PNC FINANCIAL SERVICES GROUP | 9,000 | USD | 1,022,288.41 | 1,095,991.17 | 0.56% |
| PROGRESSIVE CORP.-OHIO | 11,000 | USD | 845,404.12 | 888,954.27 | 0.45% |
| ROSS STORES INC. | 8,800 | USD | 761,098.75 | 883,272.44 | 0.45% |
| SYSCO CORP. | 15,000 | USD | 904,923.81 | 910,383.72 | 0.46% |
| Total U.S. DOLLAR |  |  | 14,717,618.62 | 16,513,806.94 | 8.42% |
| Total Shares & Related Securities |  |  | 37,157,336.94 | 41,766,945.98 | 21.29% |
| Bonds |  |  |  |  |  |
| AUSTRALIA 4,25 13-210426 | 2,700,000 | AUD | 2,108,443.02 | 2,047,528.38 | 1.04% |
| AUSTRALIA -INFLATION LINKED- 2,00 13-210835 | 1,500,000 | AUD | 1,394,753.18 | 1,478,951.19 | 0.75% |
| Total AUSTRALIAN DOLLAR |  |  | 3,503,196.20 | 3,526,479.57 | 1.80% |
| CANADA 2,25 18-010629 | 3,700,000 | CAD | 2,717,148.12 | 2,697,441.94 | 1.38% |
| CANADIAN GOVT 1,25 19-010630 | 1,800,000 | CAD | 1,226,891.18 | 1,215,155.89 | 0.62% |
| Total CANADIAN DOLLAR |  |  | 3,944,039.30 | 3,912,597.83 | 1.99% |
| ALLIANZ SE FRN 13-PERPETUAL | 1,700,000 | EUR | 1,848,651.00 | 1,904,841.50 | 0.97% |
| APPLE INC. 1,00 14-101122 | 3,500,000 | EUR | 3,582,278.00 | 3,588,077.50 | 1.83% |
| AT&T INC. 0,25 19-040326 | 1,700,000 | EUR | 1,709,219.50 | 1,715,334.00 | 0.87% |
| BANCO SANTANDER S.A. 1,375 17-090222 | 2,100,000 | EUR | 2,145,633.30 | 2,138,976.00 | 1.09% |
| BANK OF AMERICA 0,75 16-260723 | 1,737,000 | EUR | 1,763,761.86 | 1,778,349.29 | 0.91% |
| BTPS 3,45 17-010348 | 600,000 | EUR | 861,750.00 | 884,745.00 | 0.45% |
| CASINO GUICHARD-PERRACHON 5,976 11-260521 | 1,000,000 | EUR | 1,069,242.50 | 1,024,685.00 | 0.52% |
| CORP ANDINA FOMENTO 0,75 18-130623 | 2,700,000 | EUR | 2,745,743.00 | 2,749,464.00 | 1.40% |
| DEUTSCHLAND -INFLATION LINKED- 0,10 15-150426 | 4,610,000 | EUR | 5,254,152.60 | 5,276,372.62 | 2.69% |
| EDF FRN 13-PERPETUAL | 1,400,000 | EUR | 1,551,606.50 | 1,609,979.00 | 0.82% |
| ENGIE S.A. 6,375 09-180121 | 1,900,000 | EUR | 1,911,457.00 | 1,904,674.00 | 0.97% |
| FRANCE OAT 2,25 13-250524 | 3,540,000 | EUR | 3,934,999.94 | 3,901,876.50 | 1.99% |
| FRANCE OAT -INFLATION LINKED- 0,70 13-250730 | 1,100,000 | EUR | 1,400,524.54 | 1,400,721.98 | 0.71% |
| GERMANY -INFLATION LINKED- 0,10 12-150423 | 3,773,000 | EUR | 4,179,627.36 | 4,201,743.79 | 2.14% |
| GLENCORE FINANCE 1,875 16-130923 | 1,000,000 | EUR | 1,036,251.50 | 1,045,385.00 | 0.53% |
| GOLDMAN SACHS GROUP 4,75 06-121021 | 2,000,000 | EUR | 2,097,745.00 | 2,071,860.00 | 1.06% |

DPAM L PATRIMONIAL FUND
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| GRAND CITY PROPERTIES S.A. 1,50 18-220227 | 1,100,000 | EUR | 1,134,953.50 | 1,177,555.50 | 0.60% |
| --- | --- | --- | --- | --- | --- |
| ING BANK FRN 14-250226 | 1,249,000 | EUR | 1,291,145.25 | 1,255,625.94 | 0.64% |
| ITALY BTP 1,65 20-011230 | 1,400,000 | EUR | 1,550,396.50 | 1,554,231.00 | 0.79% |
| ITALY BTP 2,15 14-151221 | 4,000,000 | EUR | 4,107,600.00 | 4,102,360.00 | 2.09% |
| ITALY BTP 3,75 10-010321 | 2,000,000 | EUR | 2,053,500.00 | 2,013,510.00 | 1.03% |
| ITALY BTP -INFLATION LINKED- 3,10 11-150926 | 1,100,000 | EUR | 1,451,098.84 | 1,485,639.01 | 0.76% |
| KBC GROUP 0,75 17-010322 | 2,000,000 | EUR | 2,026,110.00 | 2,025,010.00 | 1.03% |
| KBC GROUP S.A. FRN 19-PERPETUAL | 1,200,000 | EUR | 1,293,220.00 | 1,279,746.00 | 0.65% |
| KFW 0,00 18-250521 | 5,000,000 | EUR | 5,013,900.00 | 5,011,925.00 | 2.55% |
| KFW 1,625 14-150121 | 4,700,000 | EUR | 4,708,765.50 | 4,702,420.50 | 2.40% |
| LOGICOR FINANCING 1,625 19-150727 | 1,150,000 | EUR | 1,216,666.25 | 1,223,847.25 | 0.62% |
| MERLIN PROPERTIES SOCIMI 2,225 16-250423 | 1,000,000 | EUR | 1,032,217.50 | 1,044,450.00 | 0.53% |
| MEXICO BONOS 4,00 15-150315 | 1,100,000 | EUR | 1,138,220.68 | 1,269,977.50 | 0.65% |
| MORGAN STANLEY 1,75 15-300125 | 800,000 | EUR | 858,681.50 | 856,444.00 | 0.44% |
| NESTLE FINANCE INTERNATIONAL 0,125 20-121127 | 1,400,000 | EUR | 1,414,923.50 | 1,423,219.00 | 0.73% |
| NETHERLANDS GOVT 3,25 11-150721 | 2,000,000 | EUR | 2,051,234.55 | 2,041,580.00 | 1.04% |
| NOVARTIS FINANCE S.A. 0,75 14-091121 | 2,000,000 | EUR | 2,021,020.00 | 2,019,870.00 | 1.03% |
| OMV A.G. FRN 15-PERPETUAL | 2,000,000 | EUR | 2,139,463.00 | 2,093,420.00 | 1.07% |
| ORANGE 2,50 12-010323 | 1,700,000 | EUR | 1,806,394.50 | 1,802,110.50 | 0.92% |
| PERNOD RICARD 1,50 16-180526 | 600,000 | EUR | 612,852.00 | 651,252.00 | 0.33% |
| PORTUGAL 0,475 20-181030 | 1,000,000 | EUR | 1,039,182.50 | 1,043,865.00 | 0.53% |
| PROCTER & GAMBLE 2,00 13-051121 | 1,700,000 | EUR | 1,736,771.00 | 1,734,671.50 | 0.88% |
| RELX FINANCE B.V. 1,375 16-120526 | 480,000 | EUR | 477,966.70 | 515,383.20 | 0.26% |
| RENAULT S.A. S.A. 1,00 17-281125 | 1,550,000 | EUR | 1,516,939.10 | 1,507,847.75 | 0.77% |
| ROMANIA 2,375 17-190427 | 1,000,000 | EUR | 1,091,151.00 | 1,094,170.00 | 0.56% |
| SIEMENS FINANCE 0,90 19-280228 | 1,700,000 | EUR | 1,785,403.00 | 1,828,902.50 | 0.93% |
| SIEMENS FINANCE 2,875 13-100328 | 1,400,000 | EUR | 1,601,052.00 | 1,714,034.00 | 0.87% |
| SPAIN KINGDOM 0,60 19-311029 | 1,400,000 | EUR | 1,483,097.00 | 1,483,237.00 | 0.76% |
| SPAIN KINGDOM 2,35 17-300733 | 800,000 | EUR | 1,008,771.00 | 1,010,516.00 | 0.52% |
| SPAIN KINGDOM -INFLATION LINKED- 1,00 15-301130 | 500,000 | EUR | 628,349.51 | 627,169.29 | 0.32% |
| TOTAL CAPITAL INTERNATIONAL FRN 16-PERPETUAL | 1,100,000 | EUR | 1,166,570.00 | 1,154,752.50 | 0.59% |
| UBS GROUP FUNDING 1,75 15-161122 | 1,300,000 | EUR | 1,353,209.00 | 1,349,491.00 | 0.69% |
| UNICREDIT SpA 2,731 20-150132 | 800,000 | EUR | 812,584.00 | 810,892.00 | 0.41% |
| UNILEVER N.V. 0,00 17-310721 | 5,500,000 | EUR | 5,507,673.98 | 5,511,027.50 | 2.81% |
| Total EURO |  |  | 97,223,726.46 | 97,617,237.62 | 49.76% |
| UK TREASURY -INFLATION LINKED- GILT 0,125 12-220324 | 2,000,000 | GBP | 2,979,076.63 | 2,984,611.92 | 1.52% |
| Total BRITISH POUND |  |  | 2,979,076.63 | 2,984,611.92 | 1.52% |
| INDONESIA 6,125 12-150528 | 12,000,000,0 00 | IDR | 746,110.63 | 706,260.57 | 0.36% |
| INDONESIA 8,25 11-150632 | 5,000,000,00 0 | IDR | 361,450.84 | 335,868.51 | 0.17% |
| Total INDONESIAN RUPIAH |  |  | 1,107,561.47 | 1,042,129.08 | 0.53% |
| JAPAN -INFLATION LINKED- 0,20 20-100330 | 150,000,000 | JPY | 1,207,756.45 | 1,202,287.81 | 0.61% |
| Total JAPANESE YEN |  |  | 1,207,756.45 | 1,202,287.81 | 0.61% |

DPAM L PATRIMONIAL FUND
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| MEXICO BONOS 8,50 08-310529 | 230,000 | MXN | 1,221,867.84 | 1,149,662.74 | 0.59% |
| --- | --- | --- | --- | --- | --- |
| Total NEW MEXICAN PESO |  |  | 1,221,867.84 | 1,149,662.74 | 0.59% |
| NEW ZEALAND 2,75 16-150437 | 1,000,000 | NZD | 711,915.53 | 693,168.17 | 0.35% |
| Total NEW ZEALAND DOLLAR |  |  | 711,915.53 | 693,168.17 | 0.35% |
| PERU 6,35 16-120828 | 2,100 | PEN | 591,662.33 | 603,137.64 | 0.31% |
| Total PERUVIAN SOL |  |  | 591,662.33 | 603,137.64 | 0.31% |
| SWEDEN 1,50 11-131123 | 11,000,000 | SEK | 1,231,773.84 | 1,154,203.61 | 0.59% |
| SWEDEN -INFLATION LINKED- 0,125 17-011227 | 10,000,000 | SEK | 1,185,538.44 | 1,183,460.21 | 0.60% |
| SWEDISH TREASURY 0,75 16-120528 | 13,220,000 | SEK | 1,379,049.06 | 1,402,634.31 | 0.72% |
| Total SWEDISH KRONA |  |  | 3,796,361.34 | 3,740,298.13 | 1.91% |
| APPLE INC. 3,85 13-040543 | 990,000 | USD | 942,052.10 | 1,030,201.17 | 0.53% |
| COMCAST 3,375 15-150825 | 1,300,000 | USD | 1,192,384.15 | 1,185,597.24 | 0.60% |
| EMD FINANCIAL LLC 2,95 15-190322 | 1,400,000 | USD | 1,183,764.66 | 1,175,036.57 | 0.60% |
| GOLDMAN SACHS 3,85 17-260127 | 1,100,000 | USD | 1,053,195.93 | 1,027,228.55 | 0.52% |
| JP MORGAN CHASE & CO 5,60 11-150741 | 800,000 | USD | 944,017.57 | 988,307.79 | 0.50% |
| PFIZER INC. 2,75 16-030626 | 1,200,000 | USD | 1,087,378.21 | 1,084,746.85 | 0.55% |
| TOTAL CAPITAL INTERNATIONAL 2,875 12-170222 | 900,000 | USD | 762,928.20 | 756,984.19 | 0.39% |
| US TREASURY 2,25 17-1502827 | 2,000,000 | USD | 1,965,906.75 | 1,813,166.60 | 0.92% |
| US TREASURY -INFLATION LINKED- 0,125 20-150130 | 2,500,000 | USD | 2,328,035.01 | 2,307,032.43 | 1.18% |
| US TREASURY -INFLATION LINKED- 1,375 14-150244 | 1,100,000 | USD | 1,350,046.69 | 1,447,090.95 | 0.74% |
| Total U.S. DOLLAR |  |  | 12,809,709.27 | 12,815,392.34 | 6.53% |
| Total Bonds |  |  | 129,096,872.82 | 129,287,002.85 | 65.91% |
| Total Transferable securities admitted to an official stock exchange or dealt in on another regulated market |  |  | 166,254,209.76 | 171,053,948.83 | 87.20% |
| Investment funds |  |  |  |  |  |
| DPAM INVESTMENT B EQUITIES SUS FOOD TREND -P- | 3,400 | EUR | 507,738.46 | 662,082.00 | 0.34% |
| DPAM INVESTMENT B REAL ESTATE EUR SUSTAINABLE -P- | 1,100 | EUR | 598,752.00 | 616,759.00 | 0.31% |
| DPAM L BONDS EMERGING MARKETS SUSTAINABLE -P- | 11,000 | EUR | 1,558,920.00 | 1,557,600.00 | 0.79% |
| DPAM L BONDS EUR CORPORATE HIGH YIELD -P- | 50,000 | EUR | 7,825,857.14 | 7,985,000.00 | 4.07% |
| Total EURO |  |  | 10,491,267.60 | 10,821,441.00 | 5.52% |
| Total Investment funds |  |  | 10,491,267.60 | 10,821,441.00 | 5.52% |
| Other Transferable Securities |  |  |  |  |  |
| WISDOMTREE PHYSICAL GOLD | 47,000 | USD | 6,735,186.27 | 6,896,444.77 | 3.52% |
| Total U.S. DOLLAR |  |  | 6,735,186.27 | 6,896,444.77 | 3.52% |
| Total Other Transferable Securities |  |  | 6,735,186.27 | 6,896,444.77 | 3.52% |
| Total Portfolio |  |  | 183,480,663.63 | 188,771,834.60 | 96.23% |

|  |
| --- |
| DPAM L BONDS EMERGING MARKETS SUSTAINABLE |
|  |
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
|  |
| Transferable securities admitted to an official stock exchange or dealt in on another regulated market |  |  |  |  |  |
| Bonds |  |  |  |  |  |
| BRASIL TREASURY BILLS 0,01 19-010723 | 100,000 | BRL | 14,310,982.20 | 13,968,192.15 | 0.52% |
| BRAZIL 10,00 16-010127 | 25,000 | BRL | 4,509,035.87 | 4,643,590.24 | 0.17% |
| BRAZIL 10,00 18-010129 | 200,000 | BRL | 47,065,393.38 | 37,951,623.44 | 1.41% |
| BRAZIL 10,00 20-010131 | 100,000 | BRL | 19,024,035.76 | 19,134,070.51 | 0.71% |
| BRAZIL -INFLATION LINKED- 6,00 11-150822 | 30,000 | BRL | 24,195,070.72 | 18,046,528.80 | 0.67% |
| BRAZIL -INFLATION LINKED- 6,00 20-150525 | 10,000 | BRL | 6,309,075.12 | 6,363,199.31 | 0.24% |
| Total BRAZILIAN REAL |  |  | 115,413,593.05 | 100,107,204.45 | 3.73% |
| CHILE 2,30 20-011028 | 16,000,000,000 | CLP | 17,758,254.39 | 18,465,664.26 | 0.69% |
| CHILE 4,70 18-010930 | 17,000,000,000 | CLP | 22,262,692.56 | 23,301,823.67 | 0.87% |
| CHILE 5,00 15-010335 | 20,000,000,000 | CLP | 28,624,743.66 | 28,270,659.59 | 1.05% |
| Total CHILEAN PESO |  |  | 68,645,690.61 | 70,038,147.52 | 2.61% |
| COLOMBIA 3,30 -INFLATION LINKED- 16-170327 | 150,000,000 | COP | 11,521,888.59 | 11,032,309.74 | 0.41% |
| COLOMBIA 5,75 20-031127 | 35,000,000,000 | COP | 8,605,730.06 | 8,855,094.77 | 0.33% |
| COLOMBIA 6,00 12-280428 | 150,000,000,000 | COP | 39,900,954.38 | 38,301,468.62 | 1.43% |
| COLOMBIA 6,25 17-261125 | 35,000,000,000 | COP | 9,769,775.86 | 9,164,898.28 | 0.34% |
| COLOMBIA 7,00 16-300632 | 70,000,000,000 | COP | 18,082,460.35 | 18,423,879.13 | 0.69% |
| COLOMBIA 7,25 19-181034 | 25,000,000,000 | COP | 6,753,204.64 | 6,687,987.53 | 0.25% |
| COLOMBIA 7,50 11-260826 | 50,000,000,000 | COP | 15,342,294.65 | 13,788,803.49 | 0.51% |
| COLOMBIA 7,75 14-180930 | 70,000,000,000 | COP | 18,975,031.00 | 19,648,625.33 | 0.73% |
| COLUMBIA -INFLATION LINKED- 4,75 06-230223 | 50,000,000 | COP | 3,301,526.62 | 3,588,574.21 | 0.13% |
| Total COLOMBIAN PESO |  |  | 132,252,866.15 | 129,491,641.10 | 4.82% |
| CZECH 0,25 17-100227 | 900,000,000 | CZK | 32,436,172.03 | 32,875,257.04 | 1.22% |
| CZECH 2,50 13-250828 | 150,000,000 | CZK | 6,146,666.05 | 6,328,164.27 | 0.24% |
| CZECH 2,75 18-230729 | 450,000,000 | CZK | 18,708,729.01 | 19,408,241.95 | 0.72% |
| CZECH 4,85 07-261157 | 625,000,000 | CZK | 38,664,477.15 | 39,846,784.34 | 1.48% |
| Total CZECH KORUNA |  |  | 95,956,044.24 | 98,458,447.60 | 3.67% |
| BANK CENT OF TUNISIA 6,75 18-311023 | 15,995,000 | EUR | 16,078,637.84 | 15,246,593.95 | 0.57% |
| CENTRAL BANK TUNISIA 6,375 19-150726 | 9,000,000 | EUR | 8,643,855.00 | 8,253,675.00 | 0.31% |
| IVORY COAST 4,875 20-300132 | 2,500,000 | EUR | 2,475,050.00 | 2,572,950.00 | 0.10% |
| IVORY COAST 5,25 18-220330 | 14,000,000 | EUR | 14,122,427.01 | 15,051,330.00 | 0.56% |
| IVORY COAST 5,875 19-171031 | 7,000,000 | EUR | 6,877,160.00 | 7,752,500.00 | 0.29% |
| IVORY COAST 6,625 18-220348 | 7,000,000 | EUR | 7,117,500.00 | 7,773,850.00 | 0.29% |
| IVORY COAST 6,875 19-171040 | 9,000,000 | EUR | 8,665,500.00 | 10,283,040.00 | 0.38% |
| KINGDOM OF MOROCCO 1,375 20-300326 | 3,000,000 | EUR | 3,016,500.00 | 3,029,565.00 | 0.11% |
| MACEDONIA 2,75 18-180125 | 500,000 | EUR | 514,250.00 | 530,445.00 | 0.02% |
| MACEDONIA 5,625 16-260723 | 3,600,000 | EUR | 3,971,750.00 | 4,034,394.00 | 0.15% |
| MEXICO BONOS 4,00 15-150315 | 252,000 | EUR | 285,768.00 | 290,940.30 | 0.01% |
| MOROCCO 1,50 19-271131 | 3,000,000 | EUR | 2,784,000.00 | 2,930,700.00 | 0.11% |
| MOROCCO KINGDOM 2,00 20-300930 | 7,900,000 | EUR | 7,841,054.00 | 8,029,520.50 | 0.30% |

DPAM L BONDS EMERGING MARKETS SUSTAINABLE
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| NORTH MACEDONIA 3,675 20-060326 | 5,000,000 | EUR | 5,123,450.00 | 5,614,000.00 | 0.21% |
| --- | --- | --- | --- | --- | --- |
| ROMANIA 1,375 20-021229 | 2,600,000 | EUR | 2,579,746.00 | 2,652,767.00 | 0.10% |
| ROMANIA 2,50 18-080230 | 3,000,000 | EUR | 2,912,700.00 | 3,288,060.00 | 0.12% |
| ROMANIA 2,625 20-021240 | 2,000,000 | EUR | 1,992,320.00 | 2,137,590.00 | 0.08% |
| ROMANIA 2,875 16-260528 | 5,000,000 | EUR | 4,919,500.00 | 5,620,150.00 | 0.21% |
| ROMANIA 3,375 18-080238 | 3,835,000 | EUR | 4,314,452.50 | 4,419,338.95 | 0.16% |
| ROMANIA 3,624 20-260530 | 15,000,000 | EUR | 15,736,650.00 | 17,941,050.00 | 0.67% |
| ROMANIA 4,625 19-030449 | 2,750,000 | EUR | 2,751,375.00 | 3,713,765.00 | 0.14% |
| SENEGAL 4,75 18-130328 | 7,000,000 | EUR | 6,870,150.00 | 7,493,080.00 | 0.28% |
| UKRAINE 4,375 20-270130 | 5,000,000 | EUR | 4,820,300.00 | 4,798,375.00 | 0.18% |
| UKRAINE 6,75 19-200626 | 7,000,000 | EUR | 7,331,000.00 | 7,732,165.00 | 0.29% |
| Total EURO |  |  | 141,745,095.35 | 151,189,844.70 | 5.63% |
| GHANA 19,00 16-021126 | 25,000,000 | GHS | 3,363,011.98 | 3,384,840.76 | 0.13% |
| GHANA 24,75 16-190721 | 25,000,000 | GHS | 3,817,230.04 | 3,604,265.52 | 0.13% |
| GHANA GOVT 16,50 18-060223 | 47,000,000 | GHS | 6,643,466.70 | 6,283,007.60 | 0.23% |
| GHANA GOVT 19,25 20-181223 | 20,000,000 | GHS | 2,782,425.78 | 2,781,115.22 | 0.10% |
| GHANA GOVT 19,75 19-150424 | 25,000,000 | GHS | 4,063,230.01 | 3,502,365.47 | 0.13% |
| GHANA GOVT 20,75 20-060323 | 15,000,000 | GHS | 2,211,270.79 | 2,151,251.02 | 0.08% |
| GHANA GOVT 20,75 20-200123 | 15,000,000 | GHS | 2,402,827.87 | 2,149,442.95 | 0.08% |
| Total GHANAIAN CEDI |  |  | 25,283,463.17 | 23,856,288.54 | 0.89% |
| HUNGARY 2,00 20-230529 | 2,000,000,000 | HUF | 5,541,603.65 | 5,544,756.47 | 0.21% |
| HUNGARY 3,00 19-210830 | 6,500,000,000 | HUF | 19,173,767.88 | 19,477,239.20 | 0.73% |
| HUNGARY 3,00 20-250441 | 5,000,000,000 | HUF | 14,190,265.15 | 14,899,775.29 | 0.56% |
| HUNGARY 3,25 15-221031 | 5,200,000,000 | HUF | 16,165,982.33 | 15,939,942.37 | 0.59% |
| HUNGARY GOVT 1,50 20-220426 | 3,000,000,000 | HUF | 8,462,030.75 | 8,327,846.48 | 0.31% |
| HUNGARY GOVT 2,25 20-200433 | 8,500,000,000 | HUF | 23,438,464.41 | 23,725,753.75 | 0.88% |
| HUNGARY GOVT 2,75 17-221226 | 2,250,000,000 | HUF | 6,630,232.38 | 6,678,781.17 | 0.25% |
| HUNGARY GOVT 3,00 18-271038 | 1,140,000,000 | HUF | 3,529,315.50 | 3,483,037.35 | 0.13% |
| Total HUNGARIAN FORINT |  |  | 97,131,662.05 | 98,077,132.08 | 3.65% |
| EUROPEAN BANK FOR RECONSTRUCTION & DEVELOPMENT 6,45 17-131222 | 250,000,000,000 | IDR | 14,760,619.38 | 15,109,611.32 | 0.56% |
| EUROPEAN INVESTMENT BANK 5,20 12-010322 | 42,500,000,000 | IDR | 2,532,131.64 | 2,504,553.43 | 0.09% |
| IA -DEUTSCHE BANK 7,875 16-140323 | 110,000,000,000 | IDR | 7,476,308.17 | 6,857,787.78 | 0.26% |
| INDONESIA 6,125 12-150528 | 674,000,000,000 | IDR | 38,582,979.03 | 39,668,302.01 | 1.48% |
| INDONESIA 7,00 11-150527 | 200,000,000,000 | IDR | 12,605,818.56 | 12,481,386.20 | 0.46% |
| INDONESIA 7,50 16-150832 | 437,000,000,000 | IDR | 26,247,314.30 | 27,715,161.63 | 1.03% |
| INDONESIA 8,25 11-150632 | 300,000,000,000 | IDR | 19,477,677.08 | 20,152,110.90 | 0.75% |
| INDONESIA 8,25 15-150536 | 300,000,000,000 | IDR | 20,067,815.19 | 20,385,345.04 | 0.76% |
| INDONESIA 8,375 10-150926 | 450,000,000,000 | IDR | 29,304,957.65 | 30,100,816.83 | 1.12% |
| INDONESIA 8,375 13-150334 | 122,000,000,000 | IDR | 8,020,500.00 | 8,314,169.39 | 0.31% |
| INDONESIA 8,375 19-150439 | 100,000,000,000 | IDR | 6,646,311.96 | 6,888,013.11 | 0.26% |
| INDONESIA 8,75 15-150531 | 170,000,000,000 | IDR | 11,885,739.13 | 11,807,226.37 | 0.44% |
| INDONESIA 8,875 16-151131 | 120,000,000,000 | IDR | 7,125,239.59 | 8,324,181.68 | 0.31% |
| INDONESIA 9,00 13-150329 | 690,000,000,000 | IDR | 47,993,955.09 | 47,782,966.77 | 1.78% |
| INDONESIA GOVT 6,50 19-150625 | 50,000,000,000 | IDR | 3,053,854.20 | 3,064,081.25 | 0.11% |
| INDONESIA GOVT 8,25 18-150529 | 75,000,000,000 | IDR | 5,008,427.89 | 5,010,869.42 | 0.19% |

DPAM L BONDS EMERGING MARKETS SUSTAINABLE
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| INTERNATIONAL BANK FOR RECONSTRUCTION & DEVELOPMENT 7,45 18-200821 | 170,000,000,000 | IDR | 10,684,295.33 | 10,114,680.58 | 0.38% |
| --- | --- | --- | --- | --- | --- |
| REPUBLIC INDONESIA 6,625 12-150533 | 100,000,000,000 | IDR | 5,872,280.36 | 5,921,628.56 | 0.22% |
| Total INDONESIAN RUPIAH |  |  | 277,346,224.55 | 282,202,892.27 | 10.51% |
| ASIAN DEVELOPMENT 6,45 16-080821 | 680,000,000 | INR | 7,682,568.85 | 7,691,303.59 | 0.29% |
| ASIAN DEVELOPMENT BANK 5,90 17-201222 | 150,000,000 | INR | 1,901,692.17 | 1,711,073.89 | 0.06% |
| ASIAN DEVELOPMENT BANK 6,20 16-061026 | 900,000,000 | INR | 12,290,155.13 | 10,493,452.31 | 0.39% |
| INDIA 6,19 20-160934 | 300,000,000 | INR | 3,452,736.72 | 3,346,310.33 | 0.12% |
| INDIA 7,17 18-080128 | 400,000,000 | INR | 4,887,187.25 | 4,851,582.88 | 0.18% |
| INDIA 7,26 19-140129 | 1,200,000,000 | INR | 15,121,002.81 | 14,575,822.07 | 0.54% |
| INDIA 7,59 16-110126 | 700,000,000 | INR | 8,992,436.10 | 8,653,286.99 | 0.32% |
| INDIA 7,72 15-250525 | 700,000,000 | INR | 9,230,422.40 | 8,628,466.45 | 0.32% |
| INTERNATIONAL FINANCE CORP. 6,30 14-251124 | 2,150,000,000 | INR | 28,575,060.03 | 24,906,324.54 | 0.93% |
| INTERNATIONAL FINANCE CORP. 8,25 14-100621 | 350,000,000 | INR | 4,465,612.62 | 3,970,073.29 | 0.15% |
| Total INDIAN RUPEE |  |  | 96,598,874.08 | 88,827,696.34 | 3.31% |
| KENYA 10,90 20-110831 | 600,000,000 | KES | 4,662,210.80 | 4,522,824.17 | 0.17% |
| KENYA 11,75 19-081035 | 1,100,000,000 | KES | 9,502,272.06 | 8,577,276.00 | 0.32% |
| KENYA 12,50 18-100133 | 100,000,000 | KES | 996,777.91 | 820,968.83 | 0.03% |
| KENYA TREASURY BOND 11,95 18-251038 | 500,000,000 | KES | 4,141,963.49 | 3,943,930.04 | 0.15% |
| Total KENYAN SHILLING |  |  | 19,303,224.26 | 17,864,999.04 | 0.67% |
| KOREA 1,00 -INFLATION LINKED- 16-100626 | 5,300,000,000 | KRW | 4,085,294.99 | 4,284,174.40 | 0.16% |
| KOREA 1,25 19-101222 | 6,000,000,000 | KRW | 4,609,443.42 | 4,550,663.65 | 0.17% |
| KOREA 1,375 19-101229 | 30,000,000,000 | KRW | 22,116,309.39 | 21,969,429.31 | 0.82% |
| KOREA 2,375 18-100323 | 6,000,000,000 | KRW | 4,700,133.45 | 4,687,579.00 | 0.17% |
| KOREA 3,75 13-101233 | 3,000,000,000 | KRW | 2,870,660.08 | 2,775,481.39 | 0.10% |
| KOREA TREASURY 3,00 14-100924 | 12,000,000,000 | KRW | 9,730,386.16 | 9,714,941.00 | 0.36% |
| KOREA TREASURY -INFLATION LINKED- 1,125 20-100630 | 5,700,000,000 | KRW | 4,244,108.57 | 4,434,159.20 | 0.17% |
| Total SOUTH KOREAN WON |  |  | 52,356,336.06 | 52,416,427.95 | 1.95% |
| MEXICAN BONOS 7,75 11-290531 | 15,000,000 | MXN | 69,243,741.17 | 72,328,377.73 | 2.69% |
| MEXICAN UDIBONOS -INFLATION LINKED- 4,00 16-301128 | 1,400,000 | MXN | 43,799,542.67 | 43,993,133.16 | 1.64% |
| MEXICO 7,75 13-231134 | 10,000,000 | MXN | 45,514,999.42 | 48,341,765.85 | 1.80% |
| MEXICO BONOS 8,00 17-071147 | 4,250,000 | MXN | 18,557,044.48 | 20,576,280.21 | 0.77% |
| MEXICO BONOS 8,50 08-181138 | 6,000,000 | MXN | 29,945,342.59 | 30,536,201.00 | 1.14% |
| MEXICO BONOS 8,50 08-310529 | 10,000,000 | MXN | 49,534,843.87 | 49,985,336.25 | 1.86% |
| Total NEW MEXICAN PESO |  |  | 256,595,514.20 | 265,761,094.20 | 9.90% |
| MALAYSIA 3,757 18-200423 | 10,000,000 | MYR | 2,205,017.36 | 2,116,665.82 | 0.08% |
| MALAYSIA 3,757 19-220540 | 30,000,000 | MYR | 6,498,117.16 | 6,439,416.87 | 0.24% |
| MALAYSIA 3,844 13-150433 | 150,000,000 | MYR | 32,735,356.39 | 32,485,091.68 | 1.21% |
| MALAYSIA 4,254 15-310535 | 30,000,000 | MYR | 7,553,680.56 | 6,794,473.51 | 0.25% |
| MALAYSIA 4,498 10-150430 | 43,900,000 | MYR | 10,392,300.05 | 10,262,882.11 | 0.38% |
| MALAYSIA 4,762 17-070437 | 40,000,000 | MYR | 8,408,591.28 | 9,529,049.63 | 0.35% |
| MALAYSIA GOVT 3,828 19-050734 | 50,000,000 | MYR | 10,775,918.86 | 10,887,895.57 | 0.41% |
| MALAYSIA GOVT 3,882 17-100322 | 20,000,000 | MYR | 4,217,137.00 | 4,161,446.64 | 0.16% |

DPAM L BONDS EMERGING MARKETS SUSTAINABLE
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| MALAYSIA GOVT 3,899 17-161127 | 210,000,000 | MYR | 46,219,708.49 | 46,695,159.24 | 1.74% |
| --- | --- | --- | --- | --- | --- |
| MALAYSIA GOVT 3,906 19-150726 | 70,000,000 | MYR | 15,807,563.73 | 15,429,085.18 | 0.57% |
| MALAYSIA GOVT 4,059 17-300924 | 90,000,000 | MYR | 20,075,355.20 | 19,600,406.36 | 0.73% |
| MALAYSIA GOVT 4,127 12-150432 | 34,400,000 | MYR | 7,935,850.94 | 7,715,301.26 | 0.29% |
| MALAYSIA GOVT 4,232 11-300631 | 75,000,000 | MYR | 17,337,360.62 | 17,199,522.53 | 0.64% |
| MALAYSIA GOVT 4,893 18-080638 | 20,000,000 | MYR | 5,404,924.49 | 4,810,158.99 | 0.18% |
| MALAYSIA INVESTMENT 3,948 17-140422 | 35,000,000 | MYR | 7,312,581.68 | 7,300,949.87 | 0.27% |
| Total MALAYSIAN RINGGIT |  |  | 202,879,463.81 | 201,427,505.26 | 7.50% |
| PERU 5,35 19-120840 | 80,000,000 | PEN | 20,471,207.24 | 18,801,929.53 | 0.70% |
| PERU 5,40 19-120834 | 140,000,000 | PEN | 37,398,715.74 | 34,910,719.73 | 1.30% |
| PERU 6,15 17-120832 | 160,000,000 | PEN | 44,424,474.89 | 43,973,203.49 | 1.64% |
| REPUBLIK PERU 5,94 18-120229 | 50,000,000 | PEN | 13,701,053.39 | 14,096,691.11 | 0.53% |
| Total PERUVIAN SOL |  |  | 115,995,451.26 | 111,782,543.86 | 4.16% |
| ASIAN DEVELOPMENT BANK 5,25 19-090323 | 300,000,000 | PHP | 5,773,873.12 | 5,435,408.79 | 0.20% |
| PHILIPPINE 3,625 15-090925 | 450,000,000 | PHP | 6,130,303.53 | 8,022,997.27 | 0.30% |
| PHILIPPINE 4,50 17-200424 | 295,000,000 | PHP | 4,905,221.98 | 5,396,379.12 | 0.20% |
| PHILIPPINE 6,50 18-220238 | 100,000,000 | PHP | 2,300,265.77 | 2,245,046.09 | 0.08% |
| PHILIPPINES 3,90 12-261122 | 500,000,000 | PHP | 8,968,125.29 | 8,683,839.02 | 0.32% |
| PHILIPPINES 4,95 10-150121 | 1,075,000,000 | PHP | 18,539,107.36 | 18,303,621.65 | 0.68% |
| PHILIPPINES 6,25 11-140136 | 61,500,000 | PHP | 1,195,375.32 | 1,354,249.38 | 0.05% |
| PHILIPPINES 6,25 18-220328 | 100,000,000 | PHP | 1,681,157.59 | 2,088,695.97 | 0.08% |
| Total PHILIPPINE PESO |  |  | 49,493,429.96 | 51,530,237.29 | 1.92% |
| POLANDGOVEERNEMENT -INFLATION LINKED- 2,75 08-250823 | 35,000,000 | PLN | 11,078,824.33 | 11,098,198.87 | 0.41% |
| POLAND GOVERMENT 1,25 20-251030 | 100,000,000 | PLN | 22,279,921.98 | 21,976,770.97 | 0.82% |
| POLAND GOVERNMENT 4,00 16-250447 | 20,000,000 | PLN | 5,367,900.78 | 6,465,523.86 | 0.24% |
| Total POLISH ZLOTY |  |  | 38,726,647.09 | 39,540,493.70 | 1.47% |
| ROMANIA 3,50 15-191222 | 10,000,000 | RON | 2,082,943.52 | 2,094,751.87 | 0.08% |
| ROMANIA 4,00 19-080822 | 25,000,000 | RON | 5,238,588.26 | 5,259,966.71 | 0.20% |
| ROMANIA 4,75 19-111034 | 50,000,000 | RON | 10,937,827.06 | 11,711,368.38 | 0.44% |
| ROMANIA 5,00 18-120229 | 15,000,000 | RON | 3,356,442.74 | 3,548,742.15 | 0.13% |
| ROMANIA 5,80 12-260727 | 102,500,000 | RON | 23,797,228.77 | 24,890,751.31 | 0.93% |
| ROMANIA GOVT 4,15 20-260128 | 100,000,000 | RON | 21,992,833.19 | 22,222,518.98 | 0.83% |
| Total ROMANIAN LEU |  |  | 67,405,863.54 | 69,728,099.40 | 2.60% |
| SERBIA 3,00 20-300725 | 325,000,000 | RSD | 2,821,377.34 | 2,818,680.29 | 0.11% |
| SERBIA 4,50 19-110126 | 5,000,000,000 | RSD | 44,593,002.74 | 46,234,581.63 | 1.72% |
| SERBIA 4,50 20-200832 | 1,750,000,000 | RSD | 15,403,661.17 | 15,911,026.12 | 0.59% |
| SERBIA 5,75 16-210723 | 175,000,000 | RSD | 1,657,560.67 | 1,619,081.20 | 0.06% |
| SERBIA 5,875 18-080228 | 1,250,000,000 | RSD | 11,405,280.70 | 12,561,974.38 | 0.47% |
| Total SERBIAN DINAR |  |  | 75,880,882.62 | 79,145,343.62 | 2.95% |
| SINGAPORE 2,25 16-010836 | 500,000 | SGD | 380,614.43 | 358,450.32 | 0.01% |
| SINGAPORE 2,625 18-010528 | 40,000,000 | SGD | 26,747,837.14 | 27,983,674.48 | 1.04% |

DPAM L BONDS EMERGING MARKETS SUSTAINABLE
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| SINGAPORE 2,75 12-010442 | 1,000,000 | SGD | 817,712.22 | 792,647.33 | 0.03% |
| --- | --- | --- | --- | --- | --- |
| SINGAPORE 2,875 10-010930 | 5,000,000 | SGD | 3,695,804.32 | 3,667,614.87 | 0.14% |
| SINGAPORE 2,875 14-010729 | 20,000,000 | SGD | 14,449,815.04 | 14,446,849.30 | 0.54% |
| SINGAPORE 3,00 09-010924 | 5,000,000 | SGD | 3,516,040.35 | 3,388,782.38 | 0.13% |
| SINGAPORE 3,375 13-010933 | 20,000,000 | SGD | 15,734,696.90 | 15,744,604.54 | 0.59% |
| SINGAPORE 3,50 07-010327 | 65,000,000 | SGD | 44,389,390.35 | 47,025,817.82 | 1.75% |
| Total SINGAPORE DOLLAR |  |  | 109,731,910.75 | 113,408,441.04 | 4.22% |
| THAILAND 1,60 19-171229 | 600,000,000 | THB | 16,885,630.21 | 17,045,820.03 | 0.64% |
| THAILAND GOVT 1,585 20-171235 | 202,500,000 | THB | 5,554,271.45 | 5,649,166.41 | 0.21% |
| THAILAND GOVT 4,875 09-220629 | 550,000,000 | THB | 19,333,464.84 | 19,535,907.34 | 0.73% |
| THAILAND -INFLATION LINKED- 1,25 13-120328 | 100,000,000 | THB | 3,067,374.79 | 2,849,645.50 | 0.11% |
| Total THAI BAHT |  |  | 44,840,741.29 | 45,080,539.28 | 1.68% |
| ARGENTINA 1,00 20-090729 | 188,113 | USD | 79,705.03 | 67,059.90 | 0.00% |
| ARGENTINA FRN 20-090735 | 9,850,000 | USD | 3,658,053.21 | 2,954,476.73 | 0.11% |
| BAHAMAS 8,95 20-151032 | 3,500,000 | USD | 2,968,633.04 | 3,120,522.25 | 0.12% |
| BQ CENTRAL TUNISIA 8,25 97-190927 | 3,868,000 | USD | 3,398,671.58 | 3,044,309.31 | 0.11% |
| CENTRAL BANK TUNISIA 5,75 15-300125 | 13,839,000 | USD | 10,916,431.18 | 10,355,978.58 | 0.39% |
| DOMINICAN 4,875 20-230932 | 3,000,000 | USD | 2,654,270.03 | 2,717,126.39 | 0.10% |
| ECUADOR FRN 20-310735 | 12,500,000 | USD | 6,498,492.30 | 5,582,270.86 | 0.21% |
| EL SALVADOR 7,75 02-240123 | 9,412,000 | USD | 7,467,927.43 | 7,626,600.79 | 0.28% |
| GEORGIA 6,875 11-120421 | 5,547,000 | USD | 5,294,359.62 | 4,606,813.99 | 0.17% |
| GHANA 6,375 20-110227 | 6,000,000 | USD | 4,886,683.83 | 5,113,497.61 | 0.19% |
| GHANA 7,625 18-160529 | 700,000 | USD | 587,755.64 | 610,036.37 | 0.02% |
| GHANA 7,875 19-260327 | 6,000,000 | USD | 4,553,184.20 | 5,409,586.86 | 0.20% |
| GHANA 7,875 20-110235 | 3,000,000 | USD | 2,402,425.17 | 2,528,282.46 | 0.09% |
| GHANA 8,125 14-180126 | 5,000,000 | USD | 4,456,540.23 | 4,589,636.71 | 0.17% |
| GHANA 8,125 19-260332 | 3,100,000 | USD | 2,471,920.67 | 2,690,492.42 | 0.10% |
| GUATEMALA 4,50 16-030526 | 5,000,000 | USD | 4,640,307.53 | 4,544,215.60 | 0.17% |
| ISRAEL STATE 3,80 20-130560 | 3,500,000 | USD | 3,257,691.09 | 3,403,714.60 | 0.13% |
| KENYA 6,875 14-240624 | 3,000,000 | USD | 2,739,624.09 | 2,692,889.54 | 0.10% |
| KENYA 7,00 19-220527 | 15,600,000 | USD | 13,494,459.00 | 14,083,413.02 | 0.52% |
| KENYA 8,00 19-220532 | 5,800,000 | USD | 5,108,666.28 | 5,537,813.74 | 0.21% |
| LEBANESE 6,10 10-041022 -DEFAULT- | 1,000,000 | USD | 665,275.96 | 116,333.62 | 0.00% |
| LEBANESE 6,85 17-230327 -DEFAULT- | 2,000,000 | USD | 662,817.65 | 231,956.19 | 0.01% |
| LEBANESE 8,25 06-120421 -DEFAULT- | 3,400,000 | USD | 2,610,966.58 | 418,445.51 | 0.02% |
| MAROCCO KINGDOM 3,00 20-151232 | 6,000,000 | USD | 4,931,852.89 | 4,981,365.70 | 0.19% |
| MONGOLIA 5,125 12-051222 | 2,000,000 | USD | 1,743,019.56 | 1,702,341.54 | 0.06% |
| MOZAMBIQUE 5,00 19-150931 | 6,000,000 | USD | 4,500,047.58 | 4,487,090.84 | 0.17% |
| NAMIBIA 5,25 15-291025 | 5,000,000 | USD | 4,247,232.08 | 4,407,870.54 | 0.16% |
| NIGERIA 6,50 17-281127 | 5,000,000 | USD | 4,371,491.75 | 4,412,243.07 | 0.16% |
| NIGERIA 7,625 18-211125 | 1,300,000 | USD | 1,225,535.68 | 1,224,160.03 | 0.05% |
| NIGERIA 7,696 18-230238 | 8,000,000 | USD | 6,576,110.46 | 6,969,490.42 | 0.26% |
| NIGERIA 8,747 18-210131 | 5,800,000 | USD | 5,260,711.74 | 5,510,888.81 | 0.21% |
| PAKISTAN ISLAMIC 8,25 14-150424 | 6,000,000 | USD | 5,429,299.40 | 5,359,127.13 | 0.20% |
| SENEGAL 6,25 17-230533 | 13,000,000 | USD | 11,151,160.68 | 11,958,767.52 | 0.45% |
| SENEGAL 6,75 18-130348 | 3,000,000 | USD | 2,661,257.42 | 2,703,739.12 | 0.10% |
| SERBIA 2,125 20-011230 | 4,000,000 | USD | 3,317,003.00 | 3,240,227.21 | 0.12% |
| SRI LANKA 7,55 19-280330 | 10,000,000 | USD | 5,089,770.12 | 4,729,598.30 | 0.18% |

DPAM L BONDS EMERGING MARKETS SUSTAINABLE
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| THIRD PAKISTAN INTERNATIONAL 5,625 17-051222 | 2,000,000 | USD | 1,698,732.60 | 1,678,656.37 | 0.06% |
| --- | --- | --- | --- | --- | --- |
| UKRAINE 7,304 20-150333 | 13,725,000 | USD | 12,020,406.43 | 12,261,975.90 | 0.46% |
| UKRAINE 7,75 15-010926 | 3,000,000 | USD | 2,631,144.40 | 2,773,580.97 | 0.10% |
| UKRAINE 8,994 18-010224 | 5,000,000 | USD | 4,668,776.13 | 4,638,796.95 | 0.17% |
| UKRAINE FRN 15-310540 | 7,000,000 | USD | 5,207,937.63 | 5,913,800.01 | 0.22% |
| UKRAINE GOVT 7,75 15-010924 | 3,000,000 | USD | 2,820,227.23 | 2,730,807.89 | 0.10% |
| UKRAINE GOVT 7,75 15-010925 | 3,000,000 | USD | 2,671,516.37 | 2,754,247.88 | 0.10% |
| UKRAINE GOVT 9,75 18-011128 | 3,000,000 | USD | 3,072,252.08 | 3,021,037.14 | 0.11% |
| Total U.S. DOLLAR |  |  | 190,770,346.57 | 189,505,286.39 | 7.06% |
| URUGUAY -INFLATION LINKED- 3,875 20-020740 | 1,275,000,000 | UYU | 29,665,338.64 | 29,508,585.79 | 1.10% |
| URUGUAY -INFLATION LINKED- 4,375 11-151228 | 200,000,000 | UYU | 9,647,568.25 | 9,171,924.52 | 0.34% |
| Total URUGUAYAN PESO |  |  | 39,312,906.89 | 38,680,510.31 | 1.44% |
| ASIAN DEVELOPMENT BANK 0,00 19-010829 | 100,000,000 | ZAR | 2,718,260.48 | 2,743,699.38 | 0.10% |
| SOUTH AFRICA 7,00 10-280231 | 400,000,000 | ZAR | 16,361,585.52 | 19,091,331.46 | 0.71% |
| SOUTH AFRICA 8,00 13-310130 | 291,000,000 | ZAR | 13,636,248.20 | 15,449,394.49 | 0.58% |
| SOUTH AFRICA 8,25 14-310332 | 700,000,000 | ZAR | 37,163,099.25 | 35,142,259.40 | 1.31% |
| SOUTH AFRICA 8,5 13-310137 | 1,200,000,000 | ZAR | 60,994,552.39 | 55,457,881.37 | 2.07% |
| SOUTH AFRICA 8,75 12-280248 | 625,000,000 | ZAR | 27,142,497.45 | 28,548,556.26 | 1.06% |
| SOUTH AFRICA 8,75 14-310144 | 95,000,000 | ZAR | 5,519,178.04 | 4,331,953.91 | 0.16% |
| SOUTH AFRICA 8,875 15-280235 | 1,349,000,000 | ZAR | 67,455,377.79 | 66,175,680.28 | 2.47% |
| SOUTH AFRICA 9,00 15-310140 | 500,000,000 | ZAR | 29,532,143.68 | 23,731,878.52 | 0.88% |
| Total SOUTH AFRICAN RAND |  |  | 260,522,942.80 | 250,672,635.07 | 9.34% |
| Total Bonds |  |  | 2,574,189,174.35 | 2,568,793,451.01 | 95.69% |
| Total Transferable securities admitted to an official stock exchange or dealt in on another regulated market |  |  | 2,574,189,174.35 | 2,568,793,451.01 | 95.69% |
| Other Transferable Securities |  |  |  |  |  |
| BRAZIL -INFLATION LINKED- 6,00 16-150826 | 12,650 | BRL | 11,226,853.00 | 8,271,605.27 | 0.31% |
| Total BRAZILIAN REAL |  |  | 11,226,853.00 | 8,271,605.27 | 0.31% |
| Total Other Transferable Securities |  |  | 11,226,853.00 | 8,271,605.27 | 0.31% |
| Total Portfolio |  |  | 2,585,416,027.35 | 2,577,065,056.28 | 96.00% |

|  |
| --- |
| DPAM L BONDS EUR CORPORATE HIGH YIELD |
|  |
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
|  |
| Transferable securities admitted to an official stock exchange or dealt in on another regulated market |  |  |  |  |  |
| Bonds |  |  |  |  |  |
| ABERTIS INFRAEST. FRN 20-PERPETUAL | 3,600,000 | EUR | 3,631,000.00 | 3,740,940.00 | 0.85% |
| ACCOR 1,75 19-040226 | 2,000,000 | EUR | 2,070,000.00 | 2,092,030.00 | 0.48% |
| ACCOR FRN 19-PERPETUAL | 1,700,000 | EUR | 1,563,110.00 | 1,585,131.00 | 0.36% |
| ADEVINTA ASA 3,00 20-151127 | 500,000 | EUR | 500,000.00 | 517,717.50 | 0.12% |
| ADIENT GLOBAL HLDG 3,50 16-150824 | 1,500,000 | EUR | 1,342,500.00 | 1,501,485.00 | 0.34% |
| ALTICE FINANCING 3,00 20-150128 | 1,000,000 | EUR | 957,145.00 | 966,200.00 | 0.22% |
| ALTICE FINCO 4,75 17-150128 | 2,180,000 | EUR | 1,965,125.13 | 2,114,959.70 | 0.48% |
| ALTICE FRANCE HLDG 8,00 20-150527 | 3,000,000 | EUR | 3,044,625.00 | 3,265,620.00 | 0.75% |
| ALTICE FRANCE OAT 4,125 20-150129 | 1,000,000 | EUR | 1,000,000.00 | 1,022,530.00 | 0.23% |
| ALTICE FRANCE S.A. 2,50 19-150125 | 1,000,000 | EUR | 1,000,000.00 | 983,335.00 | 0.22% |
| ALTICE FRANCE S.A. 3,375 19-150128 | 1,000,000 | EUR | 1,000,000.00 | 991,675.00 | 0.23% |
| ALTICE FRANCE S.A. 5,875 18-010227 | 6,100,000 | EUR | 6,685,395.00 | 6,508,212.00 | 1.48% |
| ARDAGH PKG FINANCE 2,125 19-150826 | 1,000,000 | EUR | 930,000.00 | 1,004,870.00 | 0.23% |
| ARDAGH PKG FINANCE 2,125 20-150826 | 2,200,000 | EUR | 2,123,000.00 | 2,210,593.00 | 0.50% |
| ARD FINANCE S.A. 5,00 19-300627 | 3,000,000 | EUR | 2,959,325.00 | 3,068,760.00 | 0.70% |
| ARENA LUXEMBOURG 1,875 20-010228 | 700,000 | EUR | 700,000.00 | 668,377.50 | 0.15% |
| ASHLAND SERVICES 2,00 20-300128 | 2,000,000 | EUR | 2,000,000.00 | 2,002,940.00 | 0.46% |
| AVANTOR FUNDING 2,625 20-011125 | 1,500,000 | EUR | 1,500,000.00 | 1,539,067.50 | 0.35% |
| AVANTOR FUNDING 3,875 20-150728 | 1,000,000 | EUR | 1,000,000.00 | 1,052,750.00 | 0.24% |
| AVIS BUDGET FINANCE 4,50 17-150525 | 500,000 | EUR | 411,980.00 | 491,975.00 | 0.11% |
| AVIS BUDGET FINANCE 4,75 18-300126 | 550,000 | EUR | 447,920.00 | 540,053.25 | 0.12% |
| AVIS BUDGET FINANCE PLC 4,125 16-151124 | 500,000 | EUR | 490,996.67 | 492,967.50 | 0.11% |
| AXALTA COATING SYSTEMS 3,75 16-150125 | 650,000 | EUR | 677,850.00 | 664,417.00 | 0.15% |
| BALL CORP. 4,375 15-151223 | 50,000 | EUR | 57,622.36 | 55,192.50 | 0.01% |
| BELDEN INC. 3,375 17-150727 | 400,000 | EUR | 400,000.00 | 411,264.00 | 0.09% |
| BLITZ -F- 6,00 18-300726 | 2,600,000 | EUR | 2,630,552.50 | 2,735,863.00 | 0.62% |
| BRITISH TELECOM FRN 20-180880 | 3,000,000 | EUR | 2,650,106.90 | 2,954,025.00 | 0.67% |
| BURGERKING FRANCE 6,00 17-010524 | 550,000 | EUR | 525,108.47 | 564,445.75 | 0.13% |
| CANPACK S.A. 2,375 20-011127 | 1,000,000 | EUR | 1,000,000.00 | 1,034,785.00 | 0.24% |
| CASINO GUICHARD-PERRACHON 3,311 13-250123 | 1,900,000 | EUR | 1,736,500.00 | 1,987,105.50 | 0.45% |
| CASINO GUICHARD-PERRACHON 3,58 14-070225 | 400,000 | EUR | 320,000.00 | 362,134.00 | 0.08% |
| CASINO GUICHARD-PERRACHON 4,048 14-050826 | 400,000 | EUR | 320,800.00 | 355,894.00 | 0.08% |
| CASINO GUICHARD-PERRACHON 4,498 14-070324 | 1,400,000 | EUR | 1,259,650.00 | 1,373,211.00 | 0.31% |
| CATALENT PHARMACEUTICAL SOL 2,375 20-010328 | 5,000,000 | EUR | 5,005,000.00 | 5,027,675.00 | 1.15% |
| CHEPLAPHARMACEUTICAL ARZNEI 4,375 20-150128 | 2,000,000 | EUR | 2,000,000.00 | 2,055,740.00 | 0.47% |
| CIRSA FINANCE 4,75 19-220525 | 600,000 | EUR | 585,000.00 | 590,967.00 | 0.13% |
| CMA CGM 5,25 17-150125 | 10,100,000 | EUR | 9,409,718.12 | 10,102,727.00 | 2.30% |
| CMA CGM 7,50 20-150126 | 1,000,000 | EUR | 978,480.00 | 1,074,720.00 | 0.25% |
| CONSTANTIN INVESTMENT 5,375 17-150425 | 3,000,000 | EUR | 2,813,000.00 | 3,068,595.00 | 0.70% |
| CONSTELLIUM 4,25 17-150226 | 2,700,000 | EUR | 2,658,701.45 | 2,766,973.50 | 0.63% |
| CROWN EUROPEAN HLDG 2,875 18-010226 | 3,000,000 | EUR | 3,099,900.00 | 3,221,610.00 | 0.74% |
| DIEBOLD NIXDORF 9,00 20-150725 | 2,000,000 | EUR | 2,084,510.00 | 2,180,800.00 | 0.50% |
| DKT FINANCE APS 7,00 18-170623 | 1,450,000 | EUR | 1,554,562.80 | 1,500,460.00 | 0.34% |
| DOUGLAS GMBH 6,25 15-150722 | 500,000 | EUR | 472,250.00 | 454,992.50 | 0.10% |
| DRAX FINCO PLC 2,625 20-011125 | 1,500,000 | EUR | 1,500,000.00 | 1,546,027.50 | 0.35% |
| DUFRY ONE B.V. 2,00 19-150227 | 1,000,000 | EUR | 1,000,000.00 | 941,905.00 | 0.21% |

DPAM L BONDS EUR CORPORATE HIGH YIELD
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| DUFRY ONE B.V. 2,50 17-151024 | 375,000 | EUR | 370,584.25 | 361,282.50 | 0.08% |
| --- | --- | --- | --- | --- | --- |
| EDF S.A. FRN 19-PERPETUAL | 3,400,000 | EUR | 3,545,050.00 | 3,627,783.00 | 0.83% |
| EDREAMS ODIGEO S.A. 5,50 18-010923 | 500,000 | EUR | 410,000.00 | 474,982.50 | 0.11% |
| ELIS S.A. 2,875 18-150226 | 4,600,000 | EUR | 4,982,090.00 | 4,915,882.00 | 1.12% |
| ELM B.V. FRN 20-PERPETUAL | 1,500,000 | EUR | 1,491,435.00 | 1,625,025.00 | 0.37% |
| ENERGIAS DE PORTUGAL FRN 20-200780 | 700,000 | EUR | 698,208.00 | 699,681.50 | 0.16% |
| EUROFINS SCIENTIFIC FRN 17-PERPETUA | 3,000,000 | EUR | 3,128,587.00 | 3,139,245.00 | 0.72% |
| FAURECIA 3,125 19-150626 | 5,000,000 | EUR | 5,216,666.67 | 5,154,450.00 | 1.18% |
| FAURECIA 3,75 20-150628 | 1,000,000 | EUR | 1,000,000.00 | 1,054,025.00 | 0.24% |
| FEDERAL-MOGUL 5,00 17-150724 | 500,000 | EUR | 521,451.79 | 507,725.00 | 0.12% |
| FIAT CHRYSLER AUTO 3,875 20-050126 | 2,500,000 | EUR | 2,607,500.00 | 2,848,412.50 | 0.65% |
| FIAT CHRYSLER AUTO 4,50 20-070728 | 7,000,000 | EUR | 7,745,000.00 | 8,582,385.00 | 1.96% |
| FNAC DARTY S.A. 2,625 19-300526 | 3,000,000 | EUR | 3,050,124.97 | 3,102,120.00 | 0.71% |
| FORD MOTOR CREDIT 1,514 19-170223 | 1,100,000 | EUR | 1,035,311.54 | 1,100,621.50 | 0.25% |
| FORD MOTOR CREDIT 2,33 19-251125 | 2,000,000 | EUR | 1,970,000.00 | 2,038,580.00 | 0.47% |
| FORD MOTOR CREDIT 2,386 19-170226 | 3,800,000 | EUR | 3,613,062.50 | 3,875,335.00 | 0.88% |
| GAMMA BIDCO SpA 6,25 20-150725 | 700,000 | EUR | 734,125.00 | 729,729.00 | 0.17% |
| GRIFOLS S.A. 3,20 17-010525 | 1,600,000 | EUR | 1,643,200.00 | 1,619,088.00 | 0.37% |
| GRUPO-ANTOLIN IRAUSA 3,25 17-300424 | 3,800,000 | EUR | 3,547,000.00 | 3,766,161.00 | 0.86% |
| GRUPO ANTOLIN IRUSA 3,375 18-300426 | 1,600,000 | EUR | 1,549,200.00 | 1,555,384.00 | 0.35% |
| HP PELZER HLDG 4,125 17-010424 | 500,000 | EUR | 419,750.00 | 471,887.50 | 0.11% |
| HT TROPLAST GMBH 9,25 20-150725 | 4,500,000 | EUR | 4,626,250.00 | 5,023,957.50 | 1.15% |
| IHO VERWALTUNGS 3,625 19-150525 | 1,333,000 | EUR | 1,310,410.00 | 1,362,392.65 | 0.31% |
| IHO VERWALTUNGS 3,875 19-150527 | 1,956,000 | EUR | 1,911,625.18 | 2,039,110.44 | 0.47% |
| INEOS FINANCE 3,375 20-310326 | 2,500,000 | EUR | 2,500,000.00 | 2,583,662.50 | 0.59% |
| INEOS FINANCE PLC 2,125 17-151125 | 1,000,000 | EUR | 937,500.00 | 990,520.00 | 0.23% |
| INFRA WIRELESS 1,875 20-080726 | 1,500,000 | EUR | 1,497,135.00 | 1,571,490.00 | 0.36% |
| INTER GAME TECHNOLOGY 2,375 19-150428 | 1,100,000 | EUR | 1,051,875.00 | 1,094,148.00 | 0.25% |
| INTERNATIONAL DESIGN 6,50 18-151125 | 300,000 | EUR | 297,318.00 | 312,501.00 | 0.07% |
| INTERNATIONAL GAME TECHNOLOGY 3,50 18-150724 | 1,600,000 | EUR | 1,609,050.00 | 1,673,040.00 | 0.38% |
| INTERNATIONAL GAME TECHNOLOGY 3,50 19-150626 | 1,000,000 | EUR | 1,000,000.00 | 1,036,960.00 | 0.24% |
| INTERNATIONAL GAME TECHNOLOGY 4,75 15-150223 | 2,000,000 | EUR | 2,224,000.00 | 2,099,470.00 | 0.48% |
| INTERTRUST GROUP B.V. 3,375 18-151125 | 1,500,000 | EUR | 1,510,375.00 | 1,537,027.50 | 0.35% |
| IPD 3 B.V. 5,50 20-011225 | 400,000 | EUR | 400,000.00 | 414,070.00 | 0.09% |
| IQVIA INC. 2,25 19-150128 | 6,000,000 | EUR | 6,032,000.00 | 6,071,790.00 | 1.39% |
| KAPLA HLDG SAS 3,375 19-151226 | 1,000,000 | EUR | 950,000.00 | 988,955.00 | 0.23% |
| LEVI STRAUSS & CO 3,375 17-150327 | 700,000 | EUR | 708,264.83 | 726,701.50 | 0.17% |
| LOXAM SAS 2,875 19-150426 | 1,000,000 | EUR | 995,833.33 | 991,345.00 | 0.23% |
| LOXAM SAS 3,75 19-150726 | 3,000,000 | EUR | 2,998,296.00 | 3,061,245.00 | 0.70% |
| LOXAM SAS 4,50 19-150427 | 300,000 | EUR | 300,000.00 | 289,948.50 | 0.07% |
| LOXAM SAS 5,75 19-150727 | 4,250,000 | EUR | 4,208,775.00 | 4,303,868.75 | 0.98% |
| MATTERHORN TELECOM 4,00 17-151127 | 1,000,000 | EUR | 1,028,871.79 | 1,028,320.00 | 0.23% |
| MAXEDA DIY HLDG 5,875 20-011026 | 9,000,000 | EUR | 9,062,250.00 | 9,413,415.00 | 2.15% |
| MONITCHEM HOLDCO 9,50 19-150926 | 1,200,000 | EUR | 1,250,460.00 | 1,291,602.00 | 0.29% |
| NETFLIX INC. 3,625 18-150527 | 3,236,000 | EUR | 3,247,020.12 | 3,616,230.00 | 0.83% |
| NETFLIX INC. 3,625 19-150630 | 4,000,000 | EUR | 3,960,803.84 | 4,567,460.00 | 1.04% |
| NH HOTEL GROUP S.A. 3,75 16-011023 | 250,000 | EUR | 231,607.41 | 222,335.49 | 0.05% |
| NIDDA BONDCO GMBH 5,00 17-300925 | 500,000 | EUR | 516,150.00 | 506,217.50 | 0.12% |
| NIDDA HEALTHCARE 3,50 17-300924 | 7,000,000 | EUR | 7,105,000.00 | 7,013,230.00 | 1.60% |
| NOKIA CORP. 3,125 20-150528 | 1,000,000 | EUR | 997,910.00 | 1,102,245.00 | 0.25% |
| NORICAN GROUP 4,50 17-150523 | 1,100,000 | EUR | 989,824.69 | 957,698.50 | 0.22% |

DPAM L BONDS EUR CORPORATE HIGH YIELD
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| OCI N.V. 3,125 19-011124 | 1,000,000 | EUR | 1,000,000.00 | 1,031,695.00 | 0.24% |
| --- | --- | --- | --- | --- | --- |
| OCI N.V. 3,625 20-151025 | 4,500,000 | EUR | 4,500,000.00 | 4,686,300.00 | 1.07% |
| OI EUROPEAN GROUP 2,875 19-150225 | 1,500,000 | EUR | 1,500,000.00 | 1,527,345.00 | 0.35% |
| OI EUROPEAN GROUP 3,125 16-151124 | 3,400,000 | EUR | 3,475,500.00 | 3,528,639.00 | 0.81% |
| PAPREC HLDG S.A. 4,00 18-310325 | 2,400,000 | EUR | 2,282,555.00 | 2,405,268.00 | 0.55% |
| PARTS EUROPE 6,50 20-160725 | 2,150,000 | EUR | 2,183,220.00 | 2,247,244.50 | 0.51% |
| PIAGGIO 3,625 18-300425 | 1,100,000 | EUR | 1,113,750.00 | 1,127,296.50 | 0.26% |
| PICARD BONDCO 5,50 17-301124 | 1,000,000 | EUR | 958,631.21 | 1,027,385.00 | 0.23% |
| PLT VII FINANCE 4,625 20-050126 | 500,000 | EUR | 500,000.00 | 521,055.00 | 0.12% |
| PPF TELECOM 3,25 20-290927 | 3,000,000 | EUR | 2,976,960.00 | 3,230,565.00 | 0.74% |
| PROGROUP A.G. 3,00 18-310326 | 700,000 | EUR | 652,330.00 | 712,474.00 | 0.16% |
| QUATRIM SAS 5,875 19-150124 | 2,000,000 | EUR | 2,026,450.00 | 2,082,020.00 | 0.48% |
| RCI BANQUE S.A. FRN 19-180230 | 3,400,000 | EUR | 3,161,745.00 | 3,442,483.00 | 0.79% |
| REBECCA BIDCO GMBH 5,75 20-150725 | 2,000,000 | EUR | 2,000,000.00 | 2,111,620.00 | 0.48% |
| RENAULT S.A. S.A. 1,25 19-240625 | 2,000,000 | EUR | 1,820,480.00 | 1,962,680.00 | 0.45% |
| REPSOL INTERNATIONAL FINANCE 4,50 15-250375 | 2,000,000 | EUR | 2,255,241.79 | 2,200,070.00 | 0.50% |
| REPSOL INTERNATIONAL FINANCE FRN 20-PERPETUAL | 3,000,000 | EUR | 3,114,200.00 | 3,342,420.00 | 0.76% |
| REXEL S.A. 2,75 19-150626 | 7,000,000 | EUR | 7,188,650.00 | 7,167,405.00 | 1.64% |
| ROSSINI SARL 6,75 18-301025 | 2,800,000 | EUR | 2,894,619.58 | 2,995,776.00 | 0.68% |
| RUBIS TERMINAL INF 5,625 20-150525 | 3,000,000 | EUR | 3,077,500.00 | 3,206,085.00 | 0.73% |
| SARENS FINANCE CO N.V. 5,75 20-240227 | 500,000 | EUR | 500,000.00 | 465,795.00 | 0.11% |
| SCHAEFFLER A.G. 3,375 20-121028 | 7,500,000 | EUR | 8,106,500.00 | 8,272,837.50 | 1.89% |
| SCHAEFFLER FINANCE B.V. 3,75 16-150926 | 900,000 | EUR | 912,535.71 | 928,035.00 | 0.21% |
| SHUNSHINE MID B.V. 6,50 18-150526 | 2,200,000 | EUR | 2,148,960.69 | 2,290,860.00 | 0.52% |
| SIG COMBIBLOC 2,125 20-180625 | 1,500,000 | EUR | 1,566,795.00 | 1,580,295.00 | 0.36% |
| SIGMA HOLDCO B.V. 5,75 18-150526 | 6,000,000 | EUR | 6,029,994.94 | 5,955,390.00 | 1.36% |
| SILGAN HLDG INC. 3,25 17-150325 | 500,000 | EUR | 500,000.00 | 506,950.00 | 0.12% |
| SMURFIT KAPPA TREASURY 1,50 19-150927 | 3,250,000 | EUR | 3,250,000.00 | 3,410,826.25 | 0.78% |
| SOFTBK GROUP CORP.3,125 17-190925 | 2,700,000 | EUR | 2,636,500.00 | 2,776,923.00 | 0.63% |
| SOFTBK GROUP CORP.4,00 17-190929 | 8,300,000 | EUR | 8,627,166.27 | 8,832,154.50 | 2.02% |
| SOFTBK GROUP CORP.4,50 18-200425 | 1,000,000 | EUR | 1,033,160.00 | 1,081,420.00 | 0.25% |
| SOFTBK GROUP CORP.5,00 18-150428 | 3,850,000 | EUR | 4,212,920.00 | 4,303,472.25 | 0.98% |
| SOLVAY FINANCE FRN 13-PERPETUAL | 3,100,000 | EUR | 3,455,585.98 | 3,443,449.00 | 0.79% |
| SOLVAY FRN 20-PERPETUAL | 2,000,000 | EUR | 2,034,390.00 | 2,058,580.00 | 0.47% |
| SOLVAY S.A. FRN 18-PERPETUAL | 1,500,000 | EUR | 1,644,375.00 | 1,625,490.00 | 0.37% |
| SPCM S.A. 2,00 20-010226 | 3,000,000 | EUR | 3,000,000.00 | 3,052,245.00 | 0.70% |
| SPCM S.A. 2,625 20-010229 | 2,000,000 | EUR | 2,000,000.00 | 2,059,680.00 | 0.47% |
| SPIE S.A. 2,625 19-180626 | 8,000,000 | EUR | 8,145,542.17 | 8,394,480.00 | 1.92% |
| STARFRUIT US STAR 6,50 18-011026 | 5,700,000 | EUR | 5,835,774.97 | 6,044,679.00 | 1.38% |
| SUMMER BIDCO B.V. 9,00 19-151125 | 2,000,000 | EUR | 2,114,800.00 | 2,079,600.00 | 0.47% |
| SYNTHOMER PLC 3,875 20-010725 | 3,000,000 | EUR | 3,000,000.00 | 3,153,000.00 | 0.72% |
| TELECOM ITALIA SpA 2,375 17-121027 | 2,800,000 | EUR | 2,795,552.00 | 2,923,984.00 | 0.67% |
| TELECOM ITALIA SpA 2,75 19-150425 | 1,000,000 | EUR | 1,066,267.00 | 1,049,320.00 | 0.24% |
| TELECOM ITALIA SpA 3,625 16-250526 | 2,100,000 | EUR | 2,286,469.39 | 2,318,316.00 | 0.53% |
| TELECOM ITALIA SpA 5,25 05-170355 | 1,200,000 | EUR | 1,392,106.70 | 1,531,008.00 | 0.35% |
| TELECOM ITALIA SpA 7,75 03-240133 | 6,000,000 | EUR | 8,800,823.08 | 8,881,860.00 | 2.03% |
| TELEFONICA EUROPE FRN 18-PERPETUAL | 700,000 | EUR | 738,932.35 | 756,987.00 | 0.17% |
| TELEFONICA EUROPE FRN 18-PERPETUAL | 8,800,000 | EUR | 8,854,905.00 | 9,049,436.00 | 2.06% |
| TELEFONICA EUROPE FRN 19-PERPETUAL | 1,000,000 | EUR | 1,075,300.00 | 1,087,600.00 | 0.25% |
| TELENET FINANCE LUX NOTE 3,50 17-010328 | 1,600,000 | EUR | 1,624,018.79 | 1,664,048.00 | 0.38% |
| TENDAM BRANDS SAU 5,00 17-150924 | 400,000 | EUR | 388,970.00 | 371,896.00 | 0.08% |

DPAM L BONDS EUR CORPORATE HIGH YIELD
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| TEREOS FINANCE 7,50 20-301025 | 1,500,000 | EUR | 1,558,000.00 | 1,593,060.00 | 0.36% |
| --- | --- | --- | --- | --- | --- |
| THREEAB OPTIQUE DEVELOPMENT 4,00 17-011023 | 3,600,000 | EUR | 3,562,717.95 | 3,659,076.00 | 0.83% |
| TIM SpA 4,00 19-110424 | 1,900,000 | EUR | 1,909,374.00 | 2,059,942.00 | 0.47% |
| TITAN GLOBAL FINANCE 2,75 20-090727 | 2,000,000 | EUR | 2,000,000.00 | 2,077,150.00 | 0.47% |
| TRIVIUM PACKAGING 3,75 19-150826 | 4,900,000 | EUR | 5,007,384.61 | 5,058,368.00 | 1.15% |
| UGI INTERNATIONAL ENTERP 3,25 18-011125 | 500,000 | EUR | 500,000.00 | 516,285.00 | 0.12% |
| UNILABS SUBHOLDING 5,75 17-150525 | 4,000,000 | EUR | 3,950,638.00 | 4,108,680.00 | 0.94% |
| UNITED GROUP B.V. 3,125 20-150226 | 3,000,000 | EUR | 3,000,000.00 | 2,946,615.00 | 0.67% |
| UNITED GROUP B.V. 3,625 20-150228 | 3,000,000 | EUR | 3,000,000.00 | 2,949,675.00 | 0.67% |
| UPC HLDG B.V. 3,875 17-150629 | 1,700,000 | EUR | 1,703,550.00 | 1,751,127.50 | 0.40% |
| VERISURE MIDHLDG AB 5,75 17-011223 | 4,250,000 | EUR | 4,175,476.31 | 4,310,435.00 | 0.98% |
| VIRGIN MEDIA 3,75 20-150730 | 1,000,000 | EUR | 1,000,000.00 | 1,021,410.00 | 0.23% |
| VMED O2 UK FINANCING 3,25 20-310131 | 6,000,000 | EUR | 6,000,000.00 | 6,174,150.00 | 1.41% |
| VODAFONE GROUP FRN 18-031078 | 9,000,000 | EUR | 9,731,716.66 | 10,245,960.00 | 2.34% |
| VOLVO CAR AB 2,50 20-071027 | 4,300,000 | EUR | 4,300,000.00 | 4,553,807.50 | 1.04% |
| VZ VENDOR FINANCE 2,875 20-150129 | 1,500,000 | EUR | 1,500,000.00 | 1,499,497.50 | 0.34% |
| WIENERBERGER A.G. 2,75 20-040625 | 2,000,000 | EUR | 2,014,997.50 | 2,137,940.00 | 0.49% |
| WMG ACQUISITION 2,75 20-150728 | 3,000,000 | EUR | 3,000,000.00 | 3,094,320.00 | 0.71% |
| WMG ACQUISITION 3,625 18-151026 | 1,950,000 | EUR | 1,952,337.50 | 2,018,513.25 | 0.46% |
| ZF EUROPE FINANCE 2,00 19-230226 | 2,000,000 | EUR | 1,828,250.00 | 1,984,530.00 | 0.45% |
| ZF EUROPE FINANCE 3,00 19-231029 | 1,000,000 | EUR | 985,000.00 | 1,025,110.00 | 0.23% |
| ZF EUROPE FINANCE 3,75 20-210928 | 5,000,000 | EUR | 5,280,000.00 | 5,384,400.00 | 1.23% |
| ZF FINANCE GMBH 3,00 20-210925 | 1,500,000 | EUR | 1,491,450.00 | 1,554,765.00 | 0.35% |
| ZIGGO BOND CO B.V. 3,375 20-280230 | 1,000,000 | EUR | 979,850.00 | 1,008,335.00 | 0.23% |
| Total EURO |  |  | 415,689,306.46 | 429,774,054.28 | 98.05% |
| Total Bonds |  |  | 415,689,306.46 | 429,774,054.28 | 98.05% |
| Total Transferable securities admitted to an official stock exchange or dealt in on another regulated market |  |  | 415,689,306.46 | 429,774,054.28 | 98.05% |
| Total Portfolio |  |  | 415,689,306.46 | 429,774,054.28 | 98.05% |

|  |
| --- |
| DPAM L GLOBAL TARGET INCOME |
|  |
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
|  |
| Investment funds |  |  |  |  |  |
| DPAM BONDS GOVT GLOBAL -P- -CAP- | 455 | EUR | 12,445,525.34 | 12,489,285.90 | 18.18% |
| DPAM CAP B EQUITIES US DIVIDENDE SUSTAINABLE -P- -CAP- | 172 | EUR | 5,586,138.10 | 5,990,231.96 | 8.72% |
| DPAM CAPITAL B EQUITIES US BEHAVIORAL VALUE -P- | 73 | EUR | 1,237,237.37 | 1,388,772.44 | 2.02% |
| DPAM HORIZON B BONDS GLOBAL INFLATION -P- HEDGED | 1,313 | EUR | 160,666.12 | 169,077.46 | 0.25% |
| DPAM INVESTMENT B BONDS EUR IG -P- | 14,477 | EUR | 1,116,952.16 | 1,135,394.33 | 1.65% |
| DPAM INVESTMENT B EQUITIES EUROLAND -P- | 5,804 | EUR | 1,485,170.36 | 1,547,636.60 | 2.25% |
| DPAM INVESTMENT B EQUITIES EUROPE SUSTAINABLE -F- | 911 | EUR | 290,282.87 | 341,069.29 | 0.50% |
| DPAM INVESTMENT B EQUITIES EUR SM CAP SUSTAINABLE -P- | 1,341 | EUR | 329,355.04 | 391,652.46 | 0.57% |
| DPAM INVESTMENT B EQUITIES WORLD SUSTAINABLE -P- | 825 | EUR | 235,839.81 | 268,950.00 | 0.39% |
| DPAM INVESTMENT B REAL ESTATE EUR DIVIDENDE SUSTAINABLE - P- | 19,156 | EUR | 4,273,230.04 | 4,499,935.96 | 6.55% |
| DPAM L BOND EUR QUALITY SUSTAINABLE -F- | 1,108 | EUR | 683,974.32 | 697,330.88 | 1.01% |
| DPAM L BONDS EMERGING MARKETS SUSTAINABLE -P- | 56,318 | EUR | 7,819,503.74 | 8,002,224.62 | 11.65% |
| DPAM L BONDS EUR CORPORATE HIGH YIELD -P- | 23,667 | EUR | 3,675,497.76 | 3,779,582.69 | 5.50% |
| DPAM L BONDS EUR HIGH YIELD SHORT-TERM -P- | 87,949 | EUR | 12,537,294.81 | 12,823,843.69 | 18.66% |
| DPAM L BONDS GOVERNEMENT SUSTAINABLE -P- | 479 | EUR | 841,155.42 | 838,451.18 | 1.22% |
| DPAM L BONDS HIGHER YIELD -P- | 33,452 | EUR | 9,848,862.40 | 10,300,874.36 | 14.99% |
| Total EURO |  |  | 62,566,685.66 | 64,664,313.82 | 94.12% |
| Total Investment funds |  |  | 62,566,685.66 | 64,664,313.82 | 94.12% |
| Total Portfolio |  |  | 62,566,685.66 | 64,664,313.82 | 94.12% |

|  |
| --- |
| DPAM L BALANCED CONSERVATIVE SUSTAINABLE |
|  |
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
|  |
| Transferable securities admitted to an official stock exchange or dealt in on another regulated market |  |  |  |  |  |
| Shares & Related Securities |  |  |  |  |  |
| CSL LTD | 1,150 | AUD | 139,967.16 | 206,704.09 | 0.36% |
| Total AUSTRALIAN DOLLAR |  |  | 139,967.16 | 206,704.09 | 0.36% |
| LOGITECH INTERNATIONAL S.A. -REG- | 2,620 | CHF | 95,073.70 | 208,136.84 | 0.36% |
| NESTLE -REG- | 1,700 | CHF | 127,580.87 | 163,877.77 | 0.29% |
| PARTNERS GROUP HLDG A.G. | 220 | CHF | 160,733.36 | 211,548.24 | 0.37% |
| SIG COMBIBLOC A.G. | 11,150 | CHF | 208,894.52 | 211,752.58 | 0.37% |
| Total SWISS FRANC |  |  | 592,282.45 | 795,315.43 | 1.39% |
| DSV PANALPINA | 1,400 | DKK | 130,686.99 | 191,846.52 | 0.34% |
| NOVO NORDISK -B- | 5,715 | DKK | 229,867.81 | 327,577.23 | 0.57% |
| Total DANISH KRONE |  |  | 360,554.80 | 519,423.75 | 0.91% |
| ADYEN N.V. | 115 | EUR | 89,834.03 | 219,075.00 | 0.38% |
| AIR LIQUIDE | 1,727 | EUR | 171,523.44 | 231,849.75 | 0.40% |
| AKZO NOBEL N.V. - ORDSHR | 2,430 | EUR | 206,483.32 | 213,499.80 | 0.37% |
| ALD S.A. | 10,500 | EUR | 119,234.16 | 120,750.00 | 0.21% |
| ALLIANZ A.G. -REG- | 1,460 | EUR | 258,546.86 | 293,022.00 | 0.51% |
| AMADEUS IT GROUP S.A. | 3,717 | EUR | 226,223.13 | 221,384.52 | 0.39% |
| AMUNDI S.A. | 3,270 | EUR | 184,672.48 | 218,436.00 | 0.38% |
| ANHEUSER-BUSCH INBEV | 3,040 | EUR | 174,416.95 | 173,310.40 | 0.30% |
| APERAM -REG- | 7,005 | EUR | 185,603.88 | 239,150.70 | 0.42% |
| APPLUS SERVICES S.A. | 21,000 | EUR | 168,493.61 | 189,420.00 | 0.33% |
| AROUNDTOWN S.A. | 22,324 | EUR | 170,443.55 | 136,622.88 | 0.24% |
| ASML HLDG N.V. | 895 | EUR | 136,325.11 | 355,807.25 | 0.62% |
| BANCO SANTANDER S.A. -REG- | 69,391 | EUR | 154,618.80 | 176,114.36 | 0.31% |
| BARCO N.V. | 7,500 | EUR | 132,907.90 | 133,650.00 | 0.23% |
| BEIERSDORF A.G. | 1,740 | EUR | 177,859.16 | 164,325.60 | 0.29% |
| BMW-BAYERISCHE MOTOREN WERKE A.G. | 2,300 | EUR | 160,654.39 | 166,129.00 | 0.29% |
| BREMBO SpA | 13,200 | EUR | 137,127.48 | 142,560.00 | 0.25% |
| CAPGEMINI SE | 1,540 | EUR | 150,993.33 | 195,272.00 | 0.34% |
| CELLNEX TELECOM S.A. | 5,150 | EUR | 201,075.84 | 252,968.00 | 0.44% |
| CTS EVENTIM A.G. & CO. KGAA | 3,970 | EUR | 168,158.10 | 215,968.00 | 0.38% |
| DASSAULT SYSTEMES S.A. | 1,181 | EUR | 158,732.80 | 196,223.15 | 0.34% |
| DAVIDE CAMPARI-MILANO N.V. | 20,000 | EUR | 150,027.54 | 186,800.00 | 0.33% |
| DERMAPHARMACEUTICAL HLDG SE | 4,000 | EUR | 184,000.00 | 227,840.00 | 0.40% |
| DEUTSCHE BOERSE A.G. | 1,250 | EUR | 193,303.20 | 174,062.50 | 0.30% |
| DEUTSCHE TELEKOM A.G. -REG- | 10,600 | EUR | 159,166.98 | 158,523.00 | 0.28% |
| DEUTSCHE WOHNEN SE | 3,500 | EUR | 149,721.00 | 152,915.00 | 0.27% |
| EDP ENERGIAS -REG- | 56,862 | EUR | 199,144.28 | 293,180.47 | 0.51% |
| ELIOR SCA | 26,500 | EUR | 142,913.55 | 146,280.00 | 0.26% |
| ENEL AZ | 33,100 | EUR | 189,125.08 | 273,935.60 | 0.48% |
| FINECOBANK SpA | 18,200 | EUR | 233,094.87 | 243,880.00 | 0.43% |
| GRIFOLS S.A. | 9,500 | EUR | 258,095.32 | 226,860.00 | 0.40% |

DPAM L BALANCED CONSERVATIVE SUSTAINABLE
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| HANNOVER RUECK SE | 1,200 | EUR | 171,691.15 | 156,360.00 | 0.27% |
| --- | --- | --- | --- | --- | --- |
| HELLOFRESH SE | 3,000 | EUR | 154,648.48 | 189,600.00 | 0.33% |
| IBERDROLA S.A. | 28,987 | EUR | 229,464.42 | 339,147.90 | 0.59% |
| IMCD N.V. | 2,320 | EUR | 148,617.85 | 241,860.00 | 0.42% |
| INFINEON TECHNOLOGIES | 10,400 | EUR | 190,148.92 | 326,456.00 | 0.57% |
| ING GROUP N.V. | 32,500 | EUR | 284,976.11 | 248,332.50 | 0.43% |
| INTESA SAN PAOLO SpA | 154,000 | EUR | 297,704.42 | 294,540.40 | 0.51% |
| KBC GROUP S.A. | 6,600 | EUR | 382,320.62 | 378,048.00 | 0.66% |
| KERRY GROUP PLC | 2,480 | EUR | 236,171.58 | 293,880.00 | 0.51% |
| KINGSPAN GROUP PLC | 2,300 | EUR | 112,059.55 | 132,020.00 | 0.23% |
| KONINKLIJKE AHOLD DELHAIZE N.V. | 7,300 | EUR | 163,134.25 | 168,703.00 | 0.29% |
| KONINKLIJKE DSM N.V. | 1,876 | EUR | 149,301.39 | 264,140.80 | 0.46% |
| KONINKLIJKE KPN | 68,000 | EUR | 161,647.77 | 169,116.00 | 0.30% |
| L'OREAL | 700 | EUR | 198,477.31 | 217,560.00 | 0.38% |
| LVMH MOET HENNESSY.LOUIS VUITTON SE | 500 | EUR | 182,101.47 | 255,450.00 | 0.45% |
| MEDIOBANCA | 32,200 | EUR | 270,158.67 | 242,788.00 | 0.42% |
| MERCK KGAA | 2,200 | EUR | 209,348.67 | 308,770.00 | 0.54% |
| MONCLER SpA | 4,150 | EUR | 151,547.39 | 208,081.00 | 0.36% |
| NN GROUP N.V. | 8,897 | EUR | 305,655.33 | 316,110.41 | 0.55% |
| PEUGEOT | 8,000 | EUR | 156,496.31 | 178,960.00 | 0.31% |
| PIRELLI & CO SpA | 45,000 | EUR | 207,238.19 | 199,485.00 | 0.35% |
| PLASTIC OMNIUM | 7,250 | EUR | 155,100.98 | 204,595.00 | 0.36% |
| PROSUS N.V. | 2,280 | EUR | 186,406.75 | 201,460.80 | 0.35% |
| PRYSMIAN SpA | 9,200 | EUR | 158,968.08 | 267,536.00 | 0.47% |
| RANDSTAD N.V. | 3,600 | EUR | 156,352.30 | 191,664.00 | 0.33% |
| SAP A.G. | 3,490 | EUR | 314,831.97 | 374,197.80 | 0.65% |
| SCHNEIDER ELECTRIC SE | 2,850 | EUR | 185,431.35 | 337,155.00 | 0.59% |
| SODEXO | 3,300 | EUR | 232,546.87 | 228,426.00 | 0.40% |
| SOLVAY & CIE | 2,050 | EUR | 181,615.36 | 198,604.00 | 0.35% |
| TELENET GROUP HLDG | 6,000 | EUR | 194,064.98 | 210,480.00 | 0.37% |
| TERNA SpA | 17,300 | EUR | 97,657.57 | 108,125.00 | 0.19% |
| UCB | 3,450 | EUR | 254,300.10 | 291,456.00 | 0.51% |
| UMICORE S.A. | 4,300 | EUR | 172,391.36 | 168,947.00 | 0.30% |
| WAREHOUSES DE PAUW N.V. | 6,793 | EUR | 155,898.98 | 191,970.18 | 0.34% |
| Total EURO |  |  | 12,200,996.64 | 14,443,840.77 | 25.22% |
| 3I GROUP PLC | 15,423 | GBP | 195,047.78 | 199,528.92 | 0.35% |
| ASTRAZENECA PLC | 2,520 | GBP | 168,549.82 | 206,194.62 | 0.36% |
| BEAZLEY PLC | 45,000 | GBP | 183,905.20 | 183,297.96 | 0.32% |
| CRODA INTERNATIONAL PLC | 3,420 | GBP | 184,361.90 | 252,020.11 | 0.44% |
| DS SMITH PLC | 47,000 | GBP | 154,839.82 | 196,695.34 | 0.34% |
| INTERCONTINENTAL A.G.HOTELS GROUP PLC | 3,500 | GBP | 158,676.82 | 183,387.33 | 0.32% |
| SPIRAX SARCO ENGINEERING PLC | 1,700 | GBP | 183,959.48 | 214,517.93 | 0.37% |
| UNILEVER PLC | 3,533 | GBP | 172,990.94 | 173,354.22 | 0.30% |
| Total BRITISH POUND |  |  | 1,402,331.76 | 1,608,996.43 | 2.81% |
| NIDEC CORP. | 3,100 | JPY | 170,953.43 | 321,225.85 | 0.56% |
| SONY CORP. | 4,200 | JPY | 197,629.81 | 346,106.03 | 0.60% |
| Total JAPANESE YEN |  |  | 368,583.24 | 667,331.88 | 1.17% |

DPAM L BALANCED CONSERVATIVE SUSTAINABLE
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| DNB NOR ASA -A- | 9,000 | NOK | 127,901.82 | 144,329.90 | 0.25% |
| --- | --- | --- | --- | --- | --- |
| ORKLA ASA | 19,500 | NOK | 151,523.55 | 161,941.58 | 0.28% |
| TOMRA SYSTEMS - NEW | 10,495 | NOK | 226,342.11 | 423,366.46 | 0.74% |
| Total NORWEGIAN KRONE |  |  | 505,767.48 | 729,637.94 | 1.27% |
| ATLAS COPCO AB -REG -A- | 5,450 | SEK | 191,808.59 | 228,391.80 | 0.40% |
| NIBE INDUSTRIER AB -B- | 10,200 | SEK | 117,669.75 | 273,766.23 | 0.48% |
| Total SWEDISH KRONA |  |  | 309,478.34 | 502,158.03 | 0.88% |
| ADOBE INC. | 435 | USD | 115,199.36 | 177,804.09 | 0.31% |
| AGILENT TECHNOLOGIES INC. | 2,890 | USD | 192,429.63 | 279,870.95 | 0.49% |
| BOSTON SCIENTIFIC CORP. | 6,700 | USD | 218,197.02 | 196,857.50 | 0.34% |
| DANAHER CORP. | 1,680 | USD | 208,624.74 | 305,010.18 | 0.53% |
| DOLLAR GENERAL CORP. | 1,175 | USD | 198,411.95 | 201,955.38 | 0.35% |
| DOLLAR TREE INC. | 2,190 | USD | 169,211.33 | 193,377.96 | 0.34% |
| MARSH & MC LENNAN | 2,500 | USD | 192,676.54 | 239,058.48 | 0.42% |
| MASTERCARD INC. -A- | 970 | USD | 194,811.29 | 282,973.15 | 0.49% |
| MEDTRONIC PLC | 3,230 | USD | 268,863.76 | 309,233.13 | 0.54% |
| MICROSOFT CORP. | 2,430 | USD | 223,608.64 | 441,731.52 | 0.77% |
| NIKE INC. -B- | 1,710 | USD | 127,246.69 | 197,714.60 | 0.35% |
| NVIDIA CORP. | 590 | USD | 79,399.00 | 251,806.63 | 0.44% |
| PNC FINANCIAL SERVICES GROUP | 1,550 | USD | 179,078.71 | 188,754.04 | 0.33% |
| PTC INC. | 2,250 | USD | 171,761.19 | 219,952.19 | 0.38% |
| ROSS STORES INC. | 2,080 | USD | 153,909.75 | 208,773.49 | 0.36% |
| S&P GLOBAL INC. | 715 | USD | 206,554.08 | 192,098.36 | 0.34% |
| SERVICENOW INC. | 505 | USD | 92,355.12 | 227,180.87 | 0.40% |
| SPLUNK INC. | 1,340 | USD | 152,016.41 | 186,059.09 | 0.32% |
| THERMO FISHER SCIENTIFIC INC. | 650 | USD | 198,811.45 | 247,441.46 | 0.43% |
| TRANE TECHNOLOGIES PLC | 2,860 | USD | 195,446.05 | 339,305.79 | 0.59% |
| WALT DISNEY CO | 1,620 | USD | 160,720.18 | 239,885.25 | 0.42% |
| ZOETIS INC. -A- | 1,400 | USD | 158,606.41 | 189,367.01 | 0.33% |
| Total U.S. DOLLAR |  |  | 3,857,939.30 | 5,316,211.12 | 9.28% |
| Total Shares & Related Securities |  |  | 19,737,901.17 | 24,789,619.44 | 43.29% |
| Bonds |  |  |  |  |  |
| AUSTRALIA 2,75 15-211127 | 500,000 | AUD | 352,885.89 | 360,828.71 | 0.63% |
| AUSTRALIA 3,25 13-210425 | 600,000 | AUD | 417,622.72 | 426,799.95 | 0.75% |
| Total AUSTRALIAN DOLLAR |  |  | 770,508.61 | 787,628.66 | 1.38% |
| CANADA 1,00 16-010627 | 1,020,000 | CAD | 678,348.52 | 676,777.33 | 1.18% |
| Total CANADIAN DOLLAR |  |  | 678,348.52 | 676,777.33 | 1.18% |
| ABN AMRO BANK 0,875 19-150124 | 350,000 | EUR | 351,981.00 | 361,627.00 | 0.63% |
| ANZ BANKING GROUP FRN 19-211129 | 300,000 | EUR | 294,349.20 | 306,006.00 | 0.53% |
| AT&T INC. 1,05 18-050923 | 230,000 | EUR | 230,460.00 | 237,001.20 | 0.41% |

DPAM L BALANCED CONSERVATIVE SUSTAINABLE
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| ATLAS COPCO AB 0,625 16-300826 | 200,000 | EUR | 193,446.00 | 208,392.00 | 0.36% |
| --- | --- | --- | --- | --- | --- |
| BANCO BILBAO VIZCAYA FRN 20-160130 | 200,000 | EUR | 198,782.00 | 200,015.00 | 0.35% |
| BECTON DICKINSON 1,00 16-151222 | 125,000 | EUR | 125,155.62 | 127,246.88 | 0.22% |
| BELGIUM KINGDOM OLO 85 18-220628 | 300,000 | EUR | 301,819.50 | 330,588.00 | 0.58% |
| BELGIUM OLO 73 3,00 14-220634 | 140,000 | EUR | 202,102.60 | 200,638.90 | 0.35% |
| BELGIUM OLO 81 0,80 17-220627 | 520,000 | EUR | 569,995.60 | 568,110.40 | 0.99% |
| BMW FINANCE N.V. 1,25 14-050922 | 140,000 | EUR | 143,300.50 | 143,626.70 | 0.25% |
| BNP PARIBAS S.A. 2,375 15-170225 | 500,000 | EUR | 504,967.50 | 538,792.50 | 0.94% |
| BPCE S.A. 1,00 19-010425 | 300,000 | EUR | 300,180.00 | 312,232.50 | 0.55% |
| BPCE S.A. 1,125 17-180123 | 300,000 | EUR | 300,825.00 | 308,019.00 | 0.54% |
| BPOST S.A. 1,25 18-110726 | 400,000 | EUR | 388,496.00 | 429,264.00 | 0.75% |
| COFIROUTE 1,00 20-190531 | 100,000 | EUR | 99,845.00 | 108,100.00 | 0.19% |
| COOP RABOBANK 0,625 19-270224 | 200,000 | EUR | 199,608.00 | 204,896.00 | 0.36% |
| CRH FINANCE B.V. 1,875 15-090124 | 150,000 | EUR | 156,190.50 | 158,499.00 | 0.28% |
| DEUTSCHE TELEKOM A.G. 0,875 19-250326 | 300,000 | EUR | 302,433.00 | 315,652.50 | 0.55% |
| DEUTSCHLAND -INFLATION LINKED- 0,10 15-150426 | 250,000 | EUR | 285,762.57 | 286,137.35 | 0.50% |
| ECOLAB INC. 1,00 16-150124 | 450,000 | EUR | 451,154.25 | 464,721.75 | 0.81% |
| EDF 1,00 16-131026 | 300,000 | EUR | 291,069.00 | 318,153.00 | 0.56% |
| EDP FINANCE B.V. 1,875 18-131025 | 300,000 | EUR | 315,000.00 | 326,769.00 | 0.57% |
| ENEL FINANCE INTERNATIONAL 1,375 16-010626 | 500,000 | EUR | 478,957.50 | 537,872.50 | 0.94% |
| FLEMISH COMMUNITY 0,375 20-150430 | 300,000 | EUR | 305,400.00 | 315,330.00 | 0.55% |
| FRANCE OAT 0,25 15-251126 | 600,000 | EUR | 593,013.00 | 630,789.00 | 1.10% |
| FRANCE OAT 0,75 17-250528 | 580,000 | EUR | 628,220.10 | 635,804.70 | 1.11% |
| FRANCE OAT 0,75 17-251128 | 255,000 | EUR | 256,595.02 | 280,688.70 | 0.49% |
| FRANCE OAT 1,00 16-250527 | 300,000 | EUR | 336,555.00 | 331,024.50 | 0.58% |
| FRANCE OAT 2,10 08-250723 | 430,000 | EUR | 560,302.52 | 531,212.46 | 0.93% |
| FRANCE OAT -INFLATION LINKED- 0,10 19-010329 | 320,000 | EUR | 369,718.41 | 363,820.71 | 0.64% |
| GECINA 1,375 17-300627 | 200,000 | EUR | 195,157.00 | 218,362.00 | 0.38% |
| GERMANY 0,00 20-150230 | 400,000 | EUR | 417,672.00 | 422,596.00 | 0.74% |
| GERMANY 0,50 18-150228 | 240,000 | EUR | 256,485.39 | 261,034.80 | 0.46% |
| GERMANY 1,50 14-150524 | 135,000 | EUR | 147,888.45 | 145,490.17 | 0.25% |
| GERMANY -INFLATION LINKED- 0,10 12-150423 | 270,000 | EUR | 306,057.30 | 300,681.37 | 0.53% |
| GRAND CITY PROPERTIES S.A. FRN 15-170425 | 200,000 | EUR | 191,025.00 | 212,601.00 | 0.37% |
| HEINEKEN N.V. 1,25 20-070533 | 300,000 | EUR | 299,616.00 | 329,865.00 | 0.58% |
| IBERDROLA FINANZAS 1,00 17-070325 | 900,000 | EUR | 896,706.00 | 941,530.50 | 1.64% |
| IBERDROLA INTERNATIONAL B.V. 16-210426 | 500,000 | EUR | 493,962.50 | 532,492.50 | 0.93% |
| INTESA SAN PAOLO SpA 1,00 19-040724 | 120,000 | EUR | 119,826.00 | 123,827.40 | 0.22% |
| INTESA SAN PAOLO SpA 1,75 18-200328 | 300,000 | EUR | 265,311.00 | 325,677.00 | 0.57% |
| IRELAND 1,35 18-180331 | 370,000 | EUR | 429,997.40 | 434,095.10 | 0.76% |
| IRISH TREASURY 1,00 16-150526 | 1,000,000 | EUR | 1,030,040.00 | 1,086,895.00 | 1.90% |
| ITALY BTP 0,95 20-010830 | 220,000 | EUR | 229,792.20 | 230,100.20 | 0.40% |
| ITALY BTP 3,85 18-010949 | 400,000 | EUR | 608,654.00 | 632,806.00 | 1.11% |
| ITALY TREASURY BONDS 2,80 18-011228 | 520,000 | EUR | 614,821.80 | 621,361.00 | 1.09% |
| KBC GROUP FRN 17-241122 | 100,000 | EUR | 98,486.50 | 100,722.50 | 0.18% |
| KERRY GROUP FINANCE SER 0,625 19-200929 | 200,000 | EUR | 196,076.00 | 206,827.00 | 0.36% |
| LONZA FINANCE INTERNATIONAL 1,625 20-210427 | 200,000 | EUR | 203,548.00 | 219,279.00 | 0.38% |
| MERCK FRN 20-090980 | 200,000 | EUR | 200,750.00 | 205,070.00 | 0.36% |
| MORGAN STANLEY 1,75 16-110324 | 650,000 | EUR | 663,520.00 | 687,771.50 | 1.20% |
| NESTLE FINANCE INTERNATIONAL 0,375 20-120532 | 300,000 | EUR | 294,471.00 | 310,903.50 | 0.54% |
| NETHERLAND 0,25 19-150729 | 450,000 | EUR | 473,143.50 | 481,693.50 | 0.84% |
| NETHERLANDS GOVT 0,50 19-150140 | 150,000 | EUR | 167,157.00 | 172,395.75 | 0.30% |

DPAM L BALANCED CONSERVATIVE SUSTAINABLE
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| NETHERLANDS GOVT 0,75 18-150728 | 180,000 | EUR | 185,934.60 | 198,713.70 | 0.35% |
| --- | --- | --- | --- | --- | --- |
| NETHERLANDS GOVT 2,00 14-150724 | 180,000 | EUR | 201,090.60 | 197,595.00 | 0.35% |
| NN GROUP N.V. 0,875 17-130123 | 350,000 | EUR | 350,661.50 | 356,945.75 | 0.62% |
| PERNOD RICARD 2,125 14-270924 | 200,000 | EUR | 213,676.00 | 216,429.00 | 0.38% |
| PORTUGAL 2,125 18-171028 | 330,000 | EUR | 357,902.50 | 389,134.35 | 0.68% |
| PORTUGAL 2,25 18-180434 | 390,000 | EUR | 443,883.80 | 491,860.20 | 0.86% |
| PORTUGAL 2,875 16-210726 | 320,000 | EUR | 352,944.00 | 378,094.40 | 0.66% |
| PORTUGAL 4,125 17-140427 | 380,000 | EUR | 461,963.85 | 486,705.90 | 0.85% |
| SAP SE 1,375 18-130330 | 300,000 | EUR | 329,250.00 | 337,606.50 | 0.59% |
| SLOVENIA 0,275 20-140130 | 280,000 | EUR | 282,991.80 | 292,341.00 | 0.51% |
| SODEXHO 0,75 20-270425 | 300,000 | EUR | 298,887.00 | 310,485.00 | 0.54% |
| SOLVAY FINANCE 2,75 15-021227 | 100,000 | EUR | 108,246.00 | 117,319.00 | 0.20% |
| SPAIN KINGDOM 0,60 19-311029 | 375,000 | EUR | 393,945.00 | 397,295.62 | 0.69% |
| SPAIN KINGDOM 1,50 17-300427 | 685,000 | EUR | 705,186.12 | 764,912.10 | 1.34% |
| SPAIN KINGDOM 1,95 16-300426 | 500,000 | EUR | 532,042.50 | 563,465.00 | 0.98% |
| SPAIN KINGDOM -INFLATION LINKED- 1,00 15-301130 | 350,000 | EUR | 419,932.23 | 439,018.50 | 0.77% |
| SPAIN KINGDOM -INFLATION LINKED- 1,80 13-301124 | 200,000 | EUR | 236,907.01 | 236,226.48 | 0.41% |
| STATKRAFT A/S 1,125 17-200325 | 300,000 | EUR | 311,544.00 | 314,770.50 | 0.55% |
| STEDIN HLDG 0,50 19-141129 | 300,000 | EUR | 298,017.00 | 309,285.00 | 0.54% |
| SWISSCOM FINANCE B.V. 0,375 20-141128 | 100,000 | EUR | 99,127.00 | 103,314.50 | 0.18% |
| TAKEDA PHARMACEUTICAL 2,25 18-211126 | 310,000 | EUR | 344,180.50 | 349,215.00 | 0.61% |
| THERMO FISHER SCIENTIFIC 0,75 16-120924 | 450,000 | EUR | 436,020.75 | 463,702.50 | 0.81% |
| UNICREDIT SpA 1,00 18-180123 | 300,000 | EUR | 275,152.50 | 305,982.00 | 0.53% |
| VEOLIA ENVIRONNEMENT 0,927 16-040129 | 500,000 | EUR | 468,197.50 | 530,847.50 | 0.93% |
| Total EURO |  |  | 26,643,532.19 | 27,836,373.54 | 48.61% |
| NEW ZEALAND 4,50 14-150427 | 700,000 | NZD | 506,953.19 | 511,707.66 | 0.89% |
| Total NEW ZEALAND DOLLAR |  |  | 506,953.19 | 511,707.66 | 0.89% |
| Total Bonds |  |  | 28,599,342.51 | 29,812,487.19 | 52.06% |
| Total Transferable securities admitted to an official stock exchange or dealt in on another regulated market |  |  | 48,337,243.68 | 54,602,106.63 | 95.35% |
| Total Portfolio |  |  | 48,337,243.68 | 54,602,106.63 | 95.35% |

|  |
| --- |
| DPAM L BONDS CLIMATE TRENDS SUSTAINABLE |
|  |
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
|  |
| Transferable securities admitted to an official stock exchange or dealt in on another regulated market |  |  |  |  |  |
| Bonds |  |  |  |  |  |
| CHILE 4,50 15-010326 | 500,000,000 | CLP | 710,677.80 | 668,780.44 | 0.41% |
| Total CHILEAN PESO |  |  | 710,677.80 | 668,780.44 | 0.41% |
| A2A SpA 1,00 19-160729 | 800,000 | EUR | 789,544.00 | 861,624.00 | 0.53% |
| ACTIVIDADES DE CONSTRUCCION Y SERVICIOS 1,875 18-200426 | 1,300,000 | EUR | 1,366,394.00 | 1,400,490.00 | 0.86% |
| ADIDAS A.G. 0,00 20-051028 | 600,000 | EUR | 596,460.00 | 605,130.00 | 0.37% |
| ADIF ALTA VELOCIDAD 0,95 19-300427 | 600,000 | EUR | 626,781.00 | 641,667.00 | 0.40% |
| ADIF ALTA VELOCIDAD 1,25 18-040526 | 600,000 | EUR | 639,060.00 | 647,796.00 | 0.40% |
| AIB GROUP PLC 2,875 20-300531 | 1,500,000 | EUR | 1,531,838.00 | 1,600,185.00 | 0.99% |
| ALLIANDER N.V. 0,875 16-220426 | 600,000 | EUR | 630,768.00 | 633,492.00 | 0.39% |
| ALLIANDER N.V. 0,875 19-240632 | 725,000 | EUR | 758,586.35 | 791,388.25 | 0.49% |
| ARKEMA 0,125 20-141026 | 500,000 | EUR | 497,320.00 | 505,497.50 | 0.31% |
| ASSICURAZIONI GENERALI 2,124 19-011030 | 1,900,000 | EUR | 1,958,766.00 | 2,024,972.50 | 1.25% |
| ASSICURAZIONI GENERALI 2,429 20-140731 | 1,000,000 | EUR | 1,001,590.00 | 1,097,850.00 | 0.68% |
| BANCO BILBAO VIZCAYA 1,00 19-210626 | 1,000,000 | EUR | 1,021,078.00 | 1,053,035.00 | 0.65% |
| BANCO BILBAO VIZCAYA 1,375 18-140525 | 900,000 | EUR | 947,590.00 | 956,781.00 | 0.59% |
| BANCO DE SABADELL FRN 20-110327 | 1,200,000 | EUR | 1,211,304.00 | 1,242,006.00 | 0.77% |
| BANCO SANTANDER S.A. 0,30 19-041026 | 900,000 | EUR | 904,410.00 | 918,846.00 | 0.57% |
| BANKINTER S.A. 0,625 20-061027 | 1,100,000 | EUR | 1,079,993.00 | 1,123,529.00 | 0.69% |
| BARCLAYS PLC 0,625 17-141123 | 1,500,000 | EUR | 1,498,712.00 | 1,517,835.00 | 0.93% |
| BELGIUM KINGDOM OLO 1,25 18-220433 | 2,100,000 | EUR | 2,400,654.68 | 2,493,351.00 | 1.54% |
| BFCM 0,10 20-081027 | 500,000 | EUR | 499,375.00 | 503,722.50 | 0.31% |
| BNP PARIBAS S.A. FRN 19-040626 | 1,000,000 | EUR | 998,060.00 | 1,019,210.00 | 0.63% |
| BNP PARIBAS S.A. FRN 20-141027 | 2,000,000 | EUR | 1,995,620.00 | 2,025,280.00 | 1.25% |
| CA-IMMOBILIEN ANLAGEN 1,0 20-271025 | 1,000,000 | EUR | 997,322.00 | 1,017,270.00 | 0.63% |
| CAIXABANK S.A.. FRN 20-181126 | 800,000 | EUR | 797,864.00 | 803,592.00 | 0.50% |
| CHANEL CERES 1,00 20-310731 | 600,000 | EUR | 596,400.00 | 618,825.00 | 0.38% |
| CHANEL CERES PLC 0,50 20-310726 | 500,000 | EUR | 498,630.00 | 507,895.00 | 0.31% |
| CHILE 0,83 19-020731 | 700,000 | EUR | 704,900.00 | 732,977.00 | 0.45% |
| CIE SAINT GOBAIN 0,625 19-150324 | 600,000 | EUR | 607,442.00 | 615,444.00 | 0.38% |
| CIE SAINT GOBAIN 1,875 19-150331 | 1,000,000 | EUR | 1,090,170.00 | 1,154,990.00 | 0.71% |
| CITYCON OYJ FRN 19-PERPETUAL | 800,000 | EUR | 713,500.00 | 802,408.00 | 0.49% |
| COFINIMMO -SICAFI- S.A. 0,875 20-021230 | 500,000 | EUR | 496,110.00 | 508,850.00 | 0.31% |
| COMMERZBANK FRN 20-240326 | 800,000 | EUR | 802,694.00 | 812,332.00 | 0.50% |
| COVIVIO 1,125 19-170931 | 1,000,000 | EUR | 997,112.00 | 1,028,975.00 | 0.63% |
| CPI PROPERTY 1,625 19-230427 | 1,000,000 | EUR | 975,747.50 | 1,028,730.00 | 0.63% |
| CTP B.V. 0,625 20-271123 | 900,000 | EUR | 898,506.00 | 907,591.50 | 0.56% |
| CTP B.V. 2,125 20-011025 | 2,050,000 | EUR | 2,058,514.50 | 2,171,237.00 | 1.34% |
| DAIMLER A.G. 0,75 20-100930 | 1,300,000 | EUR | 1,314,500.00 | 1,353,566.50 | 0.83% |
| DANONE 0,571 20-170327 | 800,000 | EUR | 807,802.00 | 835,092.00 | 0.51% |
| DANONE FRN 17-PERPETUAL | 1,300,000 | EUR | 1,317,504.00 | 1,339,143.00 | 0.82% |
| DIGITAL DUTCH FINCO 1,00 20-150132 | 1,000,000 | EUR | 996,536.00 | 1,037,375.00 | 0.64% |
| DONG ENERGY FRN 13-PERPETUAL | 500,000 | EUR | 597,150.00 | 568,157.50 | 0.35% |
| DRAX FINCO PLC 2,625 20-011125 | 500,000 | EUR | 500,000.00 | 515,342.50 | 0.32% |
| DS SMITH PLC 0,875 19-120926 | 1,000,000 | EUR | 993,788.00 | 1,021,435.00 | 0.63% |
| DS SMITH PLC 1,375 17-260724 | 500,000 | EUR | 503,190.00 | 518,432.50 | 0.32% |

DPAM L BONDS CLIMATE TRENDS SUSTAINABLE
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| EDF 4,125 12-250327 | 900,000 | EUR | 1,140,994.00 | 1,131,763.50 | 0.70% |
| --- | --- | --- | --- | --- | --- |
| ENBW FRN 19-050879 | 1,000,000 | EUR | 996,250.00 | 1,015,340.00 | 0.63% |
| ENEL FINANCE INTERNATIONAL 0,375 19-170627 | 700,000 | EUR | 701,123.00 | 714,756.00 | 0.44% |
| ENEL FINANCE INTERNATIONAL 1,125 18-160926 | 925,000 | EUR | 967,122.75 | 987,511.50 | 0.61% |
| ENERGIAS DE PORTUGAL 1,625 20-150427 | 700,000 | EUR | 740,243.00 | 763,483.00 | 0.47% |
| ENERGIAS DE PORTUGAL FRN 19-300479 | 1,100,000 | EUR | 1,218,547.00 | 1,211,017.50 | 0.75% |
| ENERGIAS DE PORTUGAL FRN 20-200780 | 700,000 | EUR | 687,202.00 | 699,681.50 | 0.43% |
| ENGIE S.A. FRN 20-PERPETUAL | 1,000,000 | EUR | 996,270.00 | 1,019,635.00 | 0.63% |
| ERG SpA 0,50 20-110927 | 1,000,000 | EUR | 1,001,075.00 | 1,011,045.00 | 0.62% |
| EUROFIMA 0,10 20-200530 | 1,100,000 | EUR | 1,114,142.00 | 1,122,896.50 | 0.69% |
| EUROPEAN INVESTMENT BANK 0,01 20-151135 | 700,000 | EUR | 701,925.00 | 715,606.50 | 0.44% |
| FERROVIE DELLO STAT 0,875 17-071223 | 550,000 | EUR | 554,840.00 | 564,564.00 | 0.35% |
| FERROVIE DELLO STAT 1,125 19-090726 | 1,000,000 | EUR | 999,670.00 | 1,054,645.00 | 0.65% |
| FLUVIUS SYSTEM 0,25 20-021230 | 800,000 | EUR | 799,368.00 | 811,828.00 | 0.50% |
| GERMANY 0,00 20-150830 | 1,000,000 | EUR | 1,047,170.00 | 1,060,525.00 | 0.65% |
| GLOBALWORTH REAL ESTATE 2,95 20-290726 | 1,500,000 | EUR | 1,465,410.00 | 1,580,835.00 | 0.97% |
| HERA SpA 0,875 19-050727 | 550,000 | EUR | 551,771.00 | 580,283.00 | 0.36% |
| HUNGARY 1,75 20-050635 | 1,400,000 | EUR | 1,421,274.00 | 1,553,230.00 | 0.96% |
| HYPO VORARLBERG 0,625 17-190922 | 300,000 | EUR | 303,750.00 | 303,147.00 | 0.19% |
| IBERDROLA FINANZAS 0,875 20-160625 | 800,000 | EUR | 810,917.00 | 833,604.00 | 0.51% |
| IBERDROLA FINANZAS 1,25 17-130927 | 900,000 | EUR | 972,863.00 | 981,301.50 | 0.60% |
| IBERDROLA INTER FRN 20-PERPETUAL | 1,000,000 | EUR | 1,000,000.00 | 1,031,860.00 | 0.64% |
| IBERDROLA INTERNATIONAL B.V. FRN 17-PERPETUAL | 1,000,000 | EUR | 1,023,238.00 | 1,028,190.00 | 0.63% |
| IBERDROLA INTERNATIONAL B.V. FRN 20-PERPETUAL | 800,000 | EUR | 800,000.00 | 841,744.00 | 0.52% |
| ICADE 1,50 17-130927 | 600,000 | EUR | 634,100.00 | 654,819.00 | 0.40% |
| INTESA SAN PAOLO SpA 0,75 19-041224 | 1,400,000 | EUR | 1,400,820.00 | 1,436,918.00 | 0.89% |
| IRELAND 1,35 18-180331 | 1,500,000 | EUR | 1,712,006.00 | 1,759,845.00 | 1.08% |
| IREN SpA 0,25 20-170131 | 1,000,000 | EUR | 990,300.00 | 988,910.00 | 0.61% |
| IREN SpA 0,875 19-141029 | 1,100,000 | EUR | 1,110,600.00 | 1,162,964.00 | 0.72% |
| IREN SpA 1,50 17-241027 | 850,000 | EUR | 866,487.40 | 926,729.50 | 0.57% |
| KBC GROUP FRN 20-160627 | 1,100,000 | EUR | 1,100,323.00 | 1,122,319.00 | 0.69% |
| KFW 0,00 20-150928 | 1,600,000 | EUR | 1,656,374.00 | 1,659,232.00 | 1.02% |
| KFW 0,50 18-280926 | 725,000 | EUR | 768,171.04 | 770,907.00 | 0.47% |
| KINGDOM OF MOROCCO 1,375 20-300326 | 2,500,000 | EUR | 2,494,390.00 | 2,524,637.50 | 1.56% |
| KONINKLIJKE DSM 0,25 20-230628 | 500,000 | EUR | 498,265.00 | 511,007.50 | 0.31% |
| KONINKLIJKE DSM 0,625 20-230632 | 1,100,000 | EUR | 1,099,519.00 | 1,148,191.00 | 0.71% |
| KONINKLIJKE DSM 0,75 16-280926 | 500,000 | EUR | 523,440.71 | 527,625.00 | 0.33% |
| LA BANQUE POSTALE 1,375 19-240429 | 700,000 | EUR | 734,906.00 | 767,273.50 | 0.47% |
| LA POSTE S.A. 1,45 18-301128 | 500,000 | EUR | 541,655.00 | 559,122.50 | 0.34% |
| LEASEPLAN CORP. 1,375 19-070324 | 925,000 | EUR | 943,188.75 | 964,705.63 | 0.59% |
| LEASEPLAN CORP. 3,50 20-090425 | 500,000 | EUR | 569,795.00 | 570,317.50 | 0.35% |
| LEGRAND S.A. 0,75 20-200530 | 800,000 | EUR | 812,020.00 | 849,128.00 | 0.52% |
| LEGRAND S.A. 1,875 17-060732 | 400,000 | EUR | 452,108.00 | 474,300.00 | 0.29% |
| MADRID 0,827 20-300727 | 1,100,000 | EUR | 1,118,161.10 | 1,168,634.50 | 0.72% |
| MEDIOBANCA 1,00 20-080927 | 1,500,000 | EUR | 1,521,844.00 | 1,555,312.50 | 0.96% |
| MITSUBISHI UFJ FINANCIAL 0,848 19-190729 | 500,000 | EUR | 500,000.00 | 530,400.00 | 0.33% |
| MUNICH RE 1,25 20-260541 | 1,300,000 | EUR | 1,287,035.00 | 1,351,928.50 | 0.83% |
| NATIONAL GRID 0,553 20-180929 | 500,000 | EUR | 500,000.00 | 513,430.00 | 0.32% |
| NATIONAL GRID N AM 1,00 17-120724 | 1,000,000 | EUR | 1,037,858.00 | 1,038,925.00 | 0.64% |
| NE PROPERTY B.V. 3,375 20-140727 | 1,000,000 | EUR | 1,000,299.00 | 1,087,370.00 | 0.67% |
| NETHERLANDS GOVT 0,50 19-150140 | 500,000 | EUR | 546,728.00 | 574,652.50 | 0.35% |

DPAM L BONDS CLIMATE TRENDS SUSTAINABLE
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| OI EUROPEAN GROUP 2,875 19-150225 | 2,000,000 | EUR | 2,023,293.00 | 2,036,460.00 | 1.25% |
| --- | --- | --- | --- | --- | --- |
| ORANGE 0,125 20-160929 | 500,000 | EUR | 496,170.00 | 504,337.50 | 0.31% |
| ORSTED A/SA.S. FRN 19-PERPETUAL | 500,000 | EUR | 495,395.00 | 514,135.00 | 0.32% |
| PAPREC HLDG S.A. 4,00 18-310325 | 1,200,000 | EUR | 1,181,437.50 | 1,202,634.00 | 0.74% |
| PROLOGIS EURO FINANCE 0,375 20-060228 | 600,000 | EUR | 586,841.50 | 614,703.00 | 0.38% |
| PROLOGIS INTERNATIONAL FUND 1,625 20-170632 | 600,000 | EUR | 615,847.50 | 678,864.00 | 0.42% |
| PROLOGIS INTERNATIONAL FUND 1,75 18-150328 | 700,000 | EUR | 755,397.99 | 784,304.50 | 0.48% |
| PROLOGIS INTERNATIONAL FUND 2,375 18-141130 | 600,000 | EUR | 683,274.00 | 724,029.00 | 0.45% |
| RED ELECTRICA FINANCE 0,375 20-240728 | 900,000 | EUR | 908,087.00 | 928,296.00 | 0.57% |
| ROYAL PHILIPS 0,50 19-220526 | 800,000 | EUR | 816,353.00 | 826,364.00 | 0.51% |
| ROYAL SCHIPHOL GROUP 0,875 20-080932 | 500,000 | EUR | 495,765.00 | 526,932.50 | 0.32% |
| SATO OYJ 1,375 20-240228 | 1,200,000 | EUR | 1,200,624.00 | 1,233,678.00 | 0.76% |
| SCHNEIDER ELECTRIC 1,00 20-090427 | 1,200,000 | EUR | 1,254,368.99 | 1,283,316.00 | 0.79% |
| SCHNEIDER ELECTRICCV 0,00 20-150626 | 3,870 | EUR | 735,845.70 | 740,901.83 | 0.46% |
| SIEMENS FINANCE 0,50 19-050934 | 700,000 | EUR | 696,681.00 | 736,918.00 | 0.45% |
| SIGNIFY N.V. 2,375 20-110527 | 1,000,000 | EUR | 1,043,500.00 | 1,109,465.00 | 0.68% |
| SNCF RESEAU 1,00 16-091131 | 600,000 | EUR | 639,570.00 | 666,621.00 | 0.41% |
| SOCIETE GENERALE 0,875 20-220928 | 1,500,000 | EUR | 1,512,681.80 | 1,549,365.00 | 0.95% |
| SOLVAY FINANCE FRN 13-PERPETUAL | 900,000 | EUR | 1,027,128.00 | 999,711.00 | 0.62% |
| SOLVAY FINANCE FRN 15-PERPETUAL | 500,000 | EUR | 573,650.00 | 572,782.50 | 0.35% |
| SOLVAY FRN 20-PERPETUAL | 1,100,000 | EUR | 1,099,138.00 | 1,132,219.00 | 0.70% |
| SOLVAY S.A. 0,5 19-060929 | 800,000 | EUR | 791,644.00 | 816,836.00 | 0.50% |
| SPAREBANK VEST BOLIGKR 0,01 20-280627 | 500,000 | EUR | 505,825.00 | 511,417.50 | 0.32% |
| SSE PLC 1,75 20-160430 | 1,000,000 | EUR | 1,084,610.00 | 1,121,725.00 | 0.69% |
| SSE PLC FRN 20-PERPETUAL | 600,000 | EUR | 624,250.20 | 639,858.00 | 0.39% |
| STEDIN HLDG 0,50 19-141129 | 900,000 | EUR | 901,534.00 | 927,855.00 | 0.57% |
| STORA ENSO OYJ 0,625 20-021230 | 300,000 | EUR | 297,633.00 | 305,475.00 | 0.19% |
| SVENSKA HANDELSBANKEN 0,01 20-021227 | 1,000,000 | EUR | 999,580.00 | 999,775.00 | 0.62% |
| SWISSCOM FINANCE B.V. 0,375 20-141128 | 1,100,000 | EUR | 1,116,187.00 | 1,136,459.50 | 0.70% |
| SYMRISE 1,375 20-010727 | 1,100,000 | EUR | 1,126,571.00 | 1,161,325.00 | 0.72% |
| TELEFONICA EUROPE FRN 20-PERPETUAL | 1,400,000 | EUR | 1,397,988.00 | 1,432,522.00 | 0.88% |
| TELIA CO FRN 20-110581 | 800,000 | EUR | 792,800.00 | 813,232.00 | 0.50% |
| TENNET HLDG 0,125 20-301132 | 900,000 | EUR | 893,169.00 | 896,058.00 | 0.55% |
| TENNET HLDG FRN 20-PERPETUAL | 950,000 | EUR | 952,190.00 | 991,947.25 | 0.61% |
| TERNA SpA 0,75 20-240732 | 750,000 | EUR | 747,172.50 | 792,033.75 | 0.49% |
| TERNA SpA 1,00 19-100426 | 425,000 | EUR | 440,393.50 | 448,921.12 | 0.28% |
| TORNATOR OYJ 1,25 20-141026 | 800,000 | EUR | 799,312.00 | 823,832.00 | 0.51% |
| UMICORE S.A. 0,00 20-230625 | 1,800,000 | EUR | 1,764,440.00 | 1,817,361.00 | 1.12% |
| UNIPOL GRUPPO FINANZIARO SpA 3,25 20-230930 | 600,000 | EUR | 615,276.00 | 636,672.00 | 0.39% |
| UNIPOL GRUPPO FINANZIARO SpA 3,25 20-230930 | 2,000,000 | EUR | 1,995,120.00 | 2,114,740.00 | 1.30% |
| UPM-KYMMENE 0,125 20-191128 | 1,000,000 | EUR | 992,672.00 | 997,455.00 | 0.61% |
| VATTENFALL AB 0,05 20-151025 | 800,000 | EUR | 802,763.00 | 805,976.00 | 0.50% |
| VATTENFALL FRN 15-190377 | 1,300,000 | EUR | 1,379,400.00 | 1,404,793.00 | 0.87% |
| VEOLIA ENVIRONNEMENT FRN 20-PERPETUAL | 700,000 | EUR | 700,000.00 | 714,668.50 | 0.44% |
| VEOLIA ENVIRONNEMENT FRN 20-PERPETUAL | 1,500,000 | EUR | 1,500,000.00 | 1,519,987.50 | 0.94% |
| VF CORP. 0,25 20-250228 | 1,400,000 | EUR | 1,378,785.00 | 1,416,611.00 | 0.87% |
| VINCI S.A. 0,00 20-271128 | 300,000 | EUR | 301,419.00 | 300,868.50 | 0.19% |
| VODAFONE GROUP 0,90 19-241126 | 1,025,000 | EUR | 1,060,525.10 | 1,080,493.50 | 0.67% |
| VOLVO CAR AB 2,50 20-071027 | 1,500,000 | EUR | 1,502,100.00 | 1,588,537.50 | 0.98% |
| Total EURO |  |  | 136,959,253.06 | 140,964,917.83 | 86.83% |

DPAM L BONDS CLIMATE TRENDS SUSTAINABLE
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| BARCLAYS FRN 20-031126 | 1,000,000 | GBP | 1,105,752.46 | 1,154,938.00 | 0.71% |
| --- | --- | --- | --- | --- | --- |
| ENEL FINANCE INTERNATIONAL 1,00 20-201027 | 500,000 | GBP | 551,484.49 | 567,531.56 | 0.35% |
| SIEMENS FINANCE 0,875 20-050623 | 700,000 | GBP | 776,634.20 | 793,683.95 | 0.49% |
| Total BRITISH POUND |  |  | 2,433,871.15 | 2,516,153.51 | 1.55% |
| KFW 1,25 19-280823 | 15,000,000 | NOK | 1,435,263.90 | 1,457,545.82 | 0.90% |
| Total NORWEGIAN KRONE |  |  | 1,435,263.90 | 1,457,545.82 | 0.90% |
| PERU 8,20 06-120826. | 2,000,000 | PEN | 664,694.60 | 613,599.34 | 0.38% |
| Total PERUVIAN SOL |  |  | 664,694.60 | 613,599.34 | 0.38% |
| SWEDEN 0,125 20-090930 | 16,000,000 | SEK | 1,569,747.26 | 1,616,066.08 | 1.00% |
| Total SWEDISH KRONA |  |  | 1,569,747.26 | 1,616,066.08 | 1.00% |
| BANCO NACIONAL 4,75 17-090524 | 1,300,000 | USD | 1,215,731.41 | 1,159,677.99 | 0.71% |
| EDP FINANCE B.V. 1,71 20-240128 | 1,500,000 | USD | 1,269,870.85 | 1,233,449.80 | 0.76% |
| ING GROUP N.V. 4,625 18-060126 | 1,300,000 | USD | 1,262,941.58 | 1,248,814.92 | 0.77% |
| JOHNSON CONTROLS 1,75 20-150930 | 1,000,000 | USD | 845,359.34 | 834,530.67 | 0.51% |
| MOROCCO 2,375 20-151227 | 1,500,000 | USD | 1,235,353.12 | 1,231,298.27 | 0.76% |
| MOROCCO 5,50 12-111242 | 800,000 | USD | 814,889.31 | 818,304.11 | 0.50% |
| VERIZON COMMUNICATIONS INC. 3,875 19-080229 | 700,000 | USD | 683,726.51 | 672,112.71 | 0.41% |
| XYLEM INC. 1,95 20-300128 | 1,100,000 | USD | 992,107.55 | 947,152.55 | 0.58% |
| Total U.S. DOLLAR |  |  | 8,319,979.67 | 8,145,341.02 | 5.02% |
| Total Bonds |  |  | 152,093,487.44 | 155,982,404.04 | 96.08% |
| Total Transferable securities admitted to an official stock exchange or dealt in on another regulated market |  |  | 152,093,487.44 | 155,982,404.04 | 96.08% |
| Total Portfolio |  |  | 152,093,487.44 | 155,982,404.04 | 96.08% |

|  |
| --- |
| DPAM L BONDS GOVERNMENT SUSTAINABLE |
|  |
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
|  |
| Transferable securities admitted to an official stock exchange or dealt in on another regulated market |  |  |  |  |  |
| Bonds |  |  |  |  |  |
| AUSTRALIA 1,00 20-211131 | 1,000,000 | AUD | 614,230.73 | 626,866.80 | 0.72% |
| AUSTRALIA 2,75 15-211127 | 8,000,000 | AUD | 5,562,531.86 | 5,773,259.34 | 6.64% |
| AUSTRALIA 3,00 16-210347 | 550,000 | AUD | 434,558.75 | 426,274.28 | 0.49% |
| AUSTRALIA GOVT 2,75 18-210541 | 750,000 | AUD | 547,910.81 | 555,570.44 | 0.64% |
| AUSTRALIA -INFLATION LINKED- 2,50 10-200930 | 900,000 | AUD | 884,777.98 | 922,692.99 | 1.06% |
| Total AUSTRALIAN DOLLAR |  |  | 8,044,010.13 | 8,304,663.85 | 9.55% |
| CANADA 1,00 16-010627 | 10,000,000 | CAD | 6,731,418.08 | 6,635,071.85 | 7.63% |
| CANADA 3,50 11-011245 | 950,000 | CAD | 945,664.71 | 920,755.87 | 1.06% |
| CANADIAN GOVT 1,25 19-010630 | 500,000 | CAD | 336,849.90 | 337,543.30 | 0.39% |
| Total CANADIAN DOLLAR |  |  | 8,013,932.69 | 7,893,371.02 | 9.08% |
| SWISS CONFEDERATION 0,50 15-270530 | 2,500,000 | CHF | 2,610,196.15 | 2,552,967.96 | 2.94% |
| Total SWISS FRANC |  |  | 2,610,196.15 | 2,552,967.96 | 2.94% |
| DENMARK KINGDOM 0,50 18-151129 | 32,000,000 | DKK | 4,631,045.69 | 4,672,822.42 | 5.37% |
| DENMARK KINGDOM -INFLATION LINKED- 0,10 11-151123 | 1,200,000 | DKK | 184,490.29 | 181,580.61 | 0.21% |
| DENMARK KINGDOM -INFLATION LINKED- 0,10 18-151130 | 1,300,000 | DKK | 211,279.63 | 206,888.41 | 0.24% |
| Total DANISH KRONE |  |  | 5,026,815.61 | 5,061,291.44 | 5.82% |
| AUSTRIA 0,75 18-200228 | 600,000 | EUR | 643,500.00 | 657,882.00 | 0.76% |
| AUSTRIA 2,40 13-230534 | 2,500,000 | EUR | 3,308,850.00 | 3,410,750.00 | 3.92% |
| BELGIUM KINGDOM OLO 88 1,7 19-22062050 | 600,000 | EUR | 758,377.00 | 831,453.00 | 0.96% |
| BELGIUM OLO 87 0,90 19-220629 | 2,250,000 | EUR | 2,486,900.00 | 2,513,317.50 | 2.89% |
| DEUTSCHLAND -INFLATION LINKED- 0,10 15-150426 | 5,300,000 | EUR | 6,135,333.03 | 6,066,111.69 | 6.98% |
| EXPORT DEVELOPMENT 0,00 20-270125 | 400,000 | EUR | 406,140.00 | 407,380.00 | 0.47% |
| FINLAND 1,125 18-150434 | 2,500,000 | EUR | 2,869,745.83 | 2,965,712.50 | 3.41% |
| FRANCE OAT 1,50 18-250550 | 250,000 | EUR | 333,877.50 | 333,308.75 | 0.38% |
| FRANCE OAT -INFLATION LINKED- 0,10 19-010329 | 750,000 | EUR | 827,850.54 | 852,704.79 | 0.98% |
| IRELAND 1,35 18-180331 | 5,500,000 | EUR | 6,303,112.50 | 6,452,765.00 | 7.42% |
| KFW 0,625 17-220227 | 1,600,000 | EUR | 1,699,374.85 | 1,718,048.00 | 1.98% |
| KFW 1,25 16-040736 | 2,800,000 | EUR | 3,303,831.75 | 3,385,200.00 | 3.89% |
| NETHERLANDS GOVT 0,50 19-150140 | 200,000 | EUR | 225,429.00 | 229,861.00 | 0.26% |
| REPUBLIKA SLOVENIJA 1,25 17-220327 | 6,000,000 | EUR | 6,568,790.77 | 6,616,860.00 | 7.61% |
| REPUBLIKA SLOVENIJA 1,50 15-250335 | 550,000 | EUR | 637,545.00 | 665,808.00 | 0.77% |
| SLOVENIA 0,488 20-201050 | 150,000 | EUR | 149,770.50 | 158,428.50 | 0.18% |
| Total EURO |  |  | 36,658,428.27 | 37,265,590.73 | 42.86% |
| UK TREASURY 1,25 17-220727 | 3,000,000 | GBP | 3,732,659.02 | 3,622,422.08 | 4.17% |
| UK TREASURY 3,50 14-220145 | 1,000,000 | GBP | 1,823,423.21 | 1,800,798.80 | 2.07% |
| Total BRITISH POUND |  |  | 5,556,082.23 | 5,423,220.88 | 6.24% |

DPAM L BONDS GOVERNMENT SUSTAINABLE
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| JAPAN 0,10 19-200929 | 300,000,000 | JPY | 2,518,725.32 | 2,401,440.09 | 2.76% |
| --- | --- | --- | --- | --- | --- |
| JAPAN -INFLATION LINKED- 0,10 19-100329 | 148,800,000 | JPY | 1,272,459.10 | 1,183,168.81 | 1.36% |
| Total JAPANESE YEN |  |  | 3,791,184.42 | 3,584,608.90 | 4.12% |
| NORWAY 2,00 18-260428 | 20,000,000 | NOK | 2,102,033.02 | 2,067,497.13 | 2.38% |
| Total NORWEGIAN KRONE |  |  | 2,102,033.02 | 2,067,497.13 | 2.38% |
| NEW ZEALAND 1,50 19-150531 | 1,000,000 | NZD | 555,677.47 | 618,088.74 | 0.71% |
| NEW ZEALAND 1,75 20-150541 | 600,000 | NZD | 354,445.18 | 348,458.28 | 0.40% |
| NEW ZEALAND 4,50 14-150427 | 8,000,000 | NZD | 5,752,555.61 | 5,848,087.56 | 6.73% |
| NEW ZEALAND -INFLATION LINKED- 2,00 12-200925 | 300,000 | NZD | 217,291.66 | 219,486.88 | 0.25% |
| Total NEW ZEALAND DOLLAR |  |  | 6,879,969.92 | 7,034,121.46 | 8.09% |
| SWEDEN 0,125 19-120531 | 5,000,000 | SEK | 494,479.76 | 502,883.52 | 0.58% |
| SWEDEN 1,00 14-121126 | 45,000,000 | SEK | 4,599,831.21 | 4,801,679.36 | 5.52% |
| SWEDEN -INFLATION LINKED- 0,125 17-011227 | 8,300,000 | SEK | 964,133.11 | 982,271.98 | 1.13% |
| SWEDEN -INFLATION LINKED- 0,25 11-010622 | 1,300,000 | SEK | 139,716.24 | 142,549.14 | 0.16% |
| Total SWEDISH KRONA |  |  | 6,198,160.32 | 6,429,384.00 | 7.40% |
| Total Bonds |  |  | 84,880,812.76 | 85,616,717.37 | 98.48% |
| Total Transferable securities admitted to an official stock exchange or dealt in on another regulated market |  |  | 84,880,812.76 | 85,616,717.37 | 98.48% |
| Total Portfolio |  |  | 84,880,812.76 | 85,616,717.37 | 98.48% |

|  |
| --- |
| DPAM L CONVERTIBLE WORLD SUSTAINABLE |
|  |
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
|  |
| Transferable securities admitted to an official stock exchange or dealt in on another regulated market |  |  |  |  |  |
| Shares & Related Securities |  |  |  |  |  |
| ENDEAVOUR MINING CORP. | 11,000 | CAD | 210,624.15 | 209,019.76 | 0.72% |
| Total CANADIAN DOLLAR |  |  | 210,624.15 | 209,019.76 | 0.72% |
| KORIAN S.A. | 10,000 | EUR | 291,733.34 | 313,400.00 | 1.09% |
| Total EURO |  |  | 291,733.34 | 313,400.00 | 1.09% |
| Total Shares & Related Securities |  |  | 502,357.49 | 522,419.76 | 1.81% |
| Bonds |  |  |  |  |  |
| FLIGHT CENTRE TRAVEL 2,50 20-171127 | 400,000 | AUD | 264,993.64 | 283,171.04 | 0.98% |
| Total AUSTRALIAN DOLLAR |  |  | 264,993.64 | 283,171.04 | 0.98% |
| SIKA A.G. CONV 0,15 18-050625 | 360,000 | CHF | 436,694.54 | 450,729.79 | 1.56% |
| Total SWISS FRANC |  |  | 436,694.54 | 450,729.79 | 1.56% |
| ACCOR CV 0,70 20-071227 | 17,398 | EUR | 920,591.76 | 910,411.24 | 3.15% |
| ADIDAS A.G. 0,05 18-120923 | 200,000 | EUR | 245,800.00 | 252,525.00 | 0.87% |
| AIR FRANCE KLM 0,125 19-250326 | 7,000 | EUR | 87,500.00 | 101,661.00 | 0.35% |
| AKKA TECHNOLOGIES 3,5 19-PERPETUAL | 200,000 | EUR | 158,500.00 | 156,124.00 | 0.54% |
| AMADEUS IT GROUP CONV 1,50 20-090425 | 300,000 | EUR | 402,830.00 | 419,926.50 | 1.45% |
| ATOS SE 0,00 19-061124 | 100,000 | EUR | 127,000.00 | 132,486.00 | 0.46% |
| DELIVERY HERO 0,875 20-150725 | 200,000 | EUR | 217,700.00 | 226,919.00 | 0.79% |
| DELIVERY HERO SE 0,25 20-230124 | 200,000 | EUR | 244,000.00 | 281,955.00 | 0.98% |
| DEUTSCHE LUFTHANSA 2,00 20-171125 | 800,000 | EUR | 900,816.00 | 935,592.00 | 3.24% |
| EDF 0,00 20-140924 | 55,000 | EUR | 803,920.00 | 864,242.50 | 2.99% |
| HELLOFRESH SE CV 0,75 20-130525 | 100,000 | EUR | 125,250.00 | 146,003.50 | 0.51% |
| IBERDROLA INTERNATIONAL B.V. 0,00 15-11112 | 100,000 | EUR | 124,750.00 | 138,257.50 | 0.48% |
| JUST EAT TAKEAWAY 1,25 20-300426 | 200,000 | EUR | 235,500.00 | 224,429.00 | 0.78% |
| ORPEA S.A. 0,375 19-170527 | 1,200 | EUR | 176,160.00 | 178,201.20 | 0.62% |
| RAG-STIFTUNG CV 0,00 20-170626 | 200,000 | EUR | 203,688.00 | 226,017.00 | 0.78% |
| SYMRISE 0,238 17-200624 | 100,000 | EUR | 126,500.00 | 127,189.00 | 0.44% |
| TAG IMMOBILIEN A.G. 0,625 20-270826 | 100,000 | EUR | 106,890.00 | 103,991.00 | 0.36% |
| TAKEWAY.COM 2,25 19-250124 | 400,000 | EUR | 567,850.00 | 582,124.00 | 2.02% |
| ZALANDO SE 0,05 20-060825 | 400,000 | EUR | 488,846.90 | 513,086.00 | 1.78% |
| Total EURO |  |  | 6,264,092.66 | 6,521,140.44 | 22.59% |
| CHINA CONCH VENTURE 0,00 18-050923 | 2,000,000 | HKD | 250,270.67 | 244,785.37 | 0.85% |
| CHINA EDUCATION CONVERTIBLE 2,00 19-280324 | 4,000,000 | HKD | 505,895.61 | 512,548.95 | 1.78% |
| HARVEST INTERNAT CONVERTIBLE 0,0 17-211122 | 2,000,000 | HKD | 247,972.77 | 343,373.47 | 1.19% |
| KINGSOFT CORP. CV 0,625 20-290425 | 2,000,000 | HKD | 293,582.04 | 343,642.26 | 1.19% |
| Total HONG KONG DOLLAR |  |  | 1,297,721.09 | 1,444,350.05 | 5.00% |

DPAM L CONVERTIBLE WORLD SUSTAINABLE
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| KANSAI PAINT CV 0,00 16-170622 | 40,000,000 | JPY | 350,105.89 | 351,919.59 | 1.22% |
| --- | --- | --- | --- | --- | --- |
| MITSUMI ELECTRIC CV 0,00 15-030822 | 50,000,000 | JPY | 474,584.10 | 455,027.07 | 1.58% |
| NAGOYA RAILROAD 0,00 14-111224 | 40,000,000 | JPY | 355,033.03 | 340,061.33 | 1.18% |
| SBI HLDG INC. 0,00 20-250725 | 70,000,000 | JPY | 644,979.60 | 609,619.84 | 2.11% |
| TEIJIN LTD CONVERTIBLE 0,00 14-101221 | 30,000,000 | JPY | 264,604.16 | 260,372.71 | 0.90% |
| Total JAPANESE YEN |  |  | 2,089,306.78 | 2,017,000.54 | 6.99% |
| SINGAPORE AIRLINES 1,625 20-031225 | 750,000 | SGD | 478,194.88 | 505,372.27 | 1.75% |
| Total SINGAPORE DOLLAR |  |  | 478,194.88 | 505,372.27 | 1.75% |
| AKAMAI TECHNO CONVERTIBLE 0,125 18-010525 | 700,000 | USD | 713,207.82 | 708,653.10 | 2.45% |
| AKAMAI TECHNOLOGIES INC. 0,375 19-010927 | 110,000 | USD | 103,010.29 | 100,259.53 | 0.35% |
| AMERICAN AIRLINES 6,50 20-010725 | 200,000 | USD | 186,969.08 | 206,144.42 | 0.71% |
| BIOMARIN PHARMACEUTICAL CONVERTIBLE 0,599 17-010824 | 100,000 | USD | 88,610.83 | 88,092.03 | 0.31% |
| BIOMARIN PHARMACEUTICAL CONVERTIBLE 1,25 20-150527 | 50,000 | USD | 41,471.94 | 42,700.13 | 0.15% |
| BOOKING HLDG CONVERTIBLE 0,75 20-010525 | 300,000 | USD | 350,479.77 | 358,558.29 | 1.24% |
| BURLINGTON STOR CONVERTIBLE 2,25 20-150425 | 150,000 | USD | 151,066.80 | 170,584.78 | 0.59% |
| CHEGG INC. CONVERTIBLE 0,00 20-010926 | 150,000 | USD | 133,696.38 | 137,461.08 | 0.48% |
| COUPA SOFTWARE CONVERTIBLE 0,375 20-150626 | 50,000 | USD | 50,396.74 | 55,064.57 | 0.19% |
| CYBERARK SOFTWARE 0,00 19-151124 | 150,000 | USD | 126,427.36 | 149,308.57 | 0.52% |
| DATADOG INC. CONVERTIBLE 0,125 20-150625 | 580,000 | USD | 627,160.86 | 622,996.94 | 2.16% |
| DEXCOM INC. CONVERTIBLE 0,25 15-151125 | 110,000 | USD | 93,126.12 | 90,732.58 | 0.31% |
| EVERBRIDGE 0,125 CV 19-151224 | 100,000 | USD | 100,271.75 | 121,029.38 | 0.42% |
| FTI CONSULTING CV 2,00 19-150823 | 600,000 | USD | 614,176.06 | 615,939.69 | 2.13% |
| GUARDANT HEALTH CV 0,00 20-151127 | 200,000 | USD | 169,813.72 | 191,296.64 | 0.66% |
| ILLUMINA CV 0,00 18-150823 | 500,000 | USD | 452,395.05 | 459,617.51 | 1.59% |
| ILLUMINA INC. CV 0,50 14-150621 | 400,000 | USD | 449,993.82 | 477,825.99 | 1.66% |
| INSULET CORP. CONVERTIBLE 0,375 20-010926 | 300,000 | USD | 334,592.22 | 326,633.57 | 1.13% |
| JAZZ INVESTMENTS CV 2,00 20-150626 | 800,000 | USD | 824,984.17 | 857,396.91 | 2.97% |
| JP MORGAN CHASE CONVERTIBLE 0,125 20-010123 | 800,000 | USD | 819,175.77 | 752,969.64 | 2.61% |
| MONGO -DEUTSCHE BANK INC. CONVERTIBLE 0,25 20-150126 | 300,000 | USD | 384,052.38 | 443,110.22 | 1.53% |
| NICE LTD CONVERTIBLE 0,00 20-150925 | 100,000 | USD | 88,197.97 | 92,433.08 | 0.32% |
| OKTA INC. CV 0,375 20-150626 | 400,000 | USD | 410,567.37 | 420,198.60 | 1.46% |
| ON SEMICONDUCTOR 1,625 17-151023 | 150,000 | USD | 188,900.47 | 207,513.79 | 0.72% |
| PALO ALTO CV 0,75 18-010723 | 200,000 | USD | 206,719.44 | 231,505.87 | 0.80% |
| PALO ALTO NETWORKS 0,375 20-010625 | 70,000 | USD | 62,746.69 | 75,836.05 | 0.26% |
| PINDUODUO CV 0,00 20-011225 | 200,000 | USD | 186,522.76 | 202,255.73 | 0.70% |
| PIONEER NATURAL CONVERTIBLE 0,25 20-150525 | 400,000 | USD | 388,504.79 | 432,459.65 | 1.50% |
| QIAGEN N.V. 1,00 18-131124 | 800,000 | USD | 815,364.73 | 832,273.31 | 2.88% |
| SOUTHWEST AIR CONVERTIBLE 1,25 20-010525 | 750,000 | USD | 924,263.86 | 894,501.65 | 3.10% |
| SPLUNK INC. CONVERTIBLE 1,125 20-150627 | 150,000 | USD | 140,970.73 | 128,026.24 | 0.44% |
| STMICROELECTRONICS 0,00 20-040825 | 1,200,000 | USD | 1,240,895.71 | 1,193,100.40 | 4.13% |
| TELADOC HEALTH CONVERTIBLE 1,25 20-010627 | 460,000 | USD | 451,866.49 | 448,570.96 | 1.55% |
| UNDER ARMOUR CONVERTIBLE 1,50 20-010624 | 240,000 | USD | 323,251.99 | 324,119.16 | 1.12% |
| VIAVI SOLUTIONS CONVERTIBLE 1,00 18-010324 | 500,000 | USD | 509,293.55 | 527,785.95 | 1.83% |
| VIVA BIOTECH CONVERTIBLE 1,00 20-301225 | 200,000 | USD | 163,766.64 | 169,259.12 | 0.59% |
| WIX.COM CONVERTIBLE 0,00 20-150825 | 150,000 | USD | 131,407.35 | 122,849.70 | 0.43% |
| XERO INVESTMENTS CV 0,00 20-021225 | 200,000 | USD | 168,877.66 | 178,271.42 | 0.62% |
| XIAOMI BEST TIME CV 0,00 20-171227 | 400,000 | USD | 355,952.62 | 422,943.08 | 1.47% |
| YANDEX N.V. CV 0,75 20-030325 | 400,000 | USD | 427,237.19 | 423,464.51 | 1.47% |

DPAM L CONVERTIBLE WORLD SUSTAINABLE
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| ZENDESK INC. CONVERTIBLE 0,625 20-150625 | 60,000 | USD | 68,796.18 | 72,075.52 | 0.25% |
| --- | --- | --- | --- | --- | --- |
| ZILLOW GROUP CONVERTIBLE 1,50 18-010723 | 80,000 | USD | 91,271.71 | 111,555.72 | 0.39% |
| ZSCALER INC. CONVERTIBLE 0,125 20-010725 | 150,000 | USD | 149,998.51 | 182,752.23 | 0.63% |
| ZYNGA CV 0,25 20-010624 | 570,000 | USD | 598,368.01 | 623,317.39 | 2.16% |
| Total U.S. DOLLAR |  |  | 14,908,821.35 | 15,293,444.70 | 52.98% |
| SAPPI SOUTH AFRICA 5,25 20-261125 | 400 | ZAR | 250,022.01 | 261,658.26 | 0.91% |
| Total SOUTH AFRICAN RAND |  |  | 250,022.01 | 261,658.26 | 0.91% |
| Total Bonds |  |  | 25,989,846.95 | 26,776,867.09 | 92.76% |
| Total Transferable securities admitted to an official stock exchange or dealt in on another regulated market |  |  | 26,492,204.44 | 27,299,286.85 | 94.57% |
| Options |  |  |  |  |  |
| CALL BNP PARIBAS SA MARS 21 ST 44 | 150 | EUR | 47,250.00 | 39,750.00 | 0.14% |
| CALL DJ EURO STOXX 50 WK JANVIER 21 ST 3625 | 40 | EUR | 15,800.00 | 13,240.00 | 0.05% |
| CALL VINCI SA JUIN 21 ST 88 | 20 | EUR | 9,600.00 | 8,880.00 | 0.03% |
| CALL VINCI SA MARS 21 ST 88 | 30 | EUR | 13,810.00 | 8,700.00 | 0.03% |
| Total EURO |  |  | 86,460.00 | 70,570.00 | 0.24% |
| CALL FTSE 100 JANVIER 21 ST 6700 | 20 | GBP | 13,445.75 | 5,250.81 | 0.02% |
| Total BRITISH POUND |  |  | 13,445.75 | 5,250.81 | 0.02% |
| Total Options |  |  | 99,905.75 | 75,820.81 | 0.26% |
| Total Portfolio |  |  | 26,592,110.19 | 27,375,107.66 | 94.83% |

(Content)
| DPAM L BONDS EUR QUALITY SUSTAINABLE | % Total Net Assets |
| --- | --- |
|  |
| FRANCE | 21.38 % |
| UNITED STATES OF AMERICA | 16.79 % |
| NETHERLANDS | 15.57 % |
| ITALY | 6.78 % |
| UNITED KINGDOM | 5.78 % |
| GERMANY | 5.31 % |
| BELGIUM | 5.21 % |
| LUXEMBURG | 4.94 % |
| SPAIN | 4.75 % |
| MEXICO | 2.03 % |
| SWEDEN | 1.82 % |
| JAPAN | 1.81 % |
| IRELAND | 1.62 % |
| FINLAND | 1.03 % |
| AUSTRIA | 0.79 % |
| AUSTRALIA | 0.57 % |
| NORWAY | 0.47 % |
| DENMARK | 0.42 % |
| CANADA | 0.38 % |
| SWITZERLAND | 0.36 % |
| GUERNSEY | 0.29 % |
| JERSEY | 0.07 % |
| Total Portfolio | 98.17 % |

(Content)
| DPAM L BONDS UNIVERSALIS UNCONSTRAINED | % Total Net Assets |
| --- | --- |
|  |
| UNITED STATES OF AMERICA | 24.59 % |
| SPAIN | 8.02 % |
| FRANCE | 7.53 % |
| GERMANY | 6.88 % |
| MEXICO | 6.38 % |
| NETHERLANDS | 5.42 % |
| AUSTRALIA | 4.68 % |
| PORTUGAL | 4.62 % |
| CHINA | 4.36 % |
| NEW ZEALAND | 3.45 % |
| JAPAN | 3.36 % |
| UNITED KINGDOM | 3.32 % |
| SOUTH AFRICA | 2.42 % |
| SWEDEN | 2.29 % |
| CZECH REPUBLIC | 1.70 % |
| BELGIUM | 1.59 % |
| ROMANIA | 1.55 % |
| CANADA | 1.46 % |
| PHILIPPINES | 0.96 % |
| LUXEMBURG | 0.90 % |
| JERSEY | 0.75 % |
| GUERNSEY | 0.50 % |
| CAYMAN ISLANDS | 0.36 % |
| MOROCCO | 0.17 % |
| SWITZERLAND | 0.13 % |
| Total Portfolio | 97.39 % |

(Content)
|  |  |
| --- | --- |
| DPAM L BONDS HIGHER YIELD | % Total Net Assets |
|  |
| FRANCE | 13.61 % |
| NETHERLANDS | 11.83 % |
| LUXEMBURG | 10.62 % |
| ITALY | 8.91 % |
| UNITED KINGDOM | 7.85 % |
| MEXICO | 6.01 % |
| UNITED STATES OF AMERICA | 5.96 % |
| BELGIUM | 5.07 % |
| SWEDEN | 4.69 % |
| GERMANY | 3.52 % |
| INDONESIA | 3.27 % |
| SOUTH AFRICA | 2.73 % |
| BRAZIL | 1.83 % |
| SPAIN | 1.51 % |
| CAYMAN ISLANDS | 1.29 % |
| AUSTRIA | 1.28 % |
| SWITZERLAND | 1.08 % |
| PORTUGAL | 1.03 % |
| ROMANIA | 0.98 % |
| MONTENEGRO | 0.84 % |
| IRELAND | 0.64 % |
| DENMARK | 0.51 % |
| TUNISIA | 0.45 % |
| ARMENIA | 0.41 % |
| JAPAN | 0.39 % |
| MACEDONIA | 0.28 % |
| FINLAND | 0.27 % |
| Total Portfolio | 96.86 % |

(Content)
| DPAM L BONDS GOVERNMENT SUSTAINABLE HEDGED | % Total Net Assets |
| --- | --- |
|  |
| CANADA | 10.53 % |
| AUSTRALIA | 9.30 % |
| UNITED KINGDOM | 8.94 % |
| NEW ZEALAND | 7.80 % |
| FRANCE | 7.24 % |
| IRELAND | 6.38 % |
| BELGIUM | 6.32 % |
| DENMARK | 6.03 % |
| SLOVENIA | 5.99 % |
| GERMANY | 5.33 % |
| FINLAND | 4.67 % |
| AUSTRIA | 4.59 % |
| SWEDEN | 4.42 % |
| NORWAY | 3.03 % |
| JAPAN | 2.94 % |
| SWITZERLAND | 2.19 % |
| NETHERLANDS | 1.16 % |
| LUXEMBURG | 0.09 % |
| Total Portfolio | 96.95 % |

(Content)
|  |  |
| --- | --- |
| DPAM L EQUITIES CONVICTION RESEARCH | % Total Net Assets |
|  |
| FRANCE | 18.21 % |
| SPAIN | 14.33 % |
| UNITED KINGDOM | 13.64 % |
| SWITZERLAND | 11.66 % |
| NORWAY | 6.32 % |
| GERMANY | 6.23 % |
| ITALY | 5.84 % |
| NETHERLANDS | 5.64 % |
| SWEDEN | 5.24 % |
| FINLAND | 5.09 % |
| IRELAND | 3.61 % |
| DENMARK | 2.71 % |
| Total Portfolio | 98.52 % |

(Content)
| DPAM L BONDS EUR HIGH YIELD SHORT TERM | % Total Net Assets |
| --- | --- |
|  |
| FRANCE | 33.01 % |
| NETHERLANDS | 9.93 % |
| UNITED STATES OF AMERICA | 7.68 % |
| ITALY | 6.75 % |
| GERMANY | 6.57 % |
| UNITED KINGDOM | 5.64 % |
| LUXEMBURG | 5.53 % |
| JAPAN | 4.87 % |
| DENMARK | 4.69 % |
| SWEDEN | 4.15 % |
| SPAIN | 1.76 % |
| AUSTRIA | 1.52 % |
| FINLAND | 1.51 % |
| IRELAND | 1.44 % |
| BELGIUM | 0.30 % |
| Total Portfolio | 95.35 % |

(Content)
|  |  |
| --- | --- |
| DPAM L PATRIMONIAL FUND | % Total Net Assets |
|  |
| UNITED STATES OF AMERICA | 20.13 % |
| GERMANY | 13.52 % |
| FRANCE | 8.53 % |
| LUXEMBURG | 8.38 % |
| NETHERLANDS | 7.16 % |
| ITALY | 6.01 % |
| SPAIN | 4.23 % |
| JERSEY | 4.20 % |
| BELGIUM | 3.35 % |
| JAPAN | 2.94 % |
| SWEDEN | 2.75 % |
| CANADA | 1.99 % |
| AUSTRALIA | 1.80 % |
| UNITED KINGDOM | 1.52 % |
| PANAMA | 1.40 % |
| MEXICO | 1.23 % |
| AUSTRIA | 1.07 % |
| PORTUGAL | 0.93 % |
| NORWAY | 0.89 % |
| SWITZERLAND | 0.79 % |
| ROMANIA | 0.56 % |
| INDONESIA | 0.53 % |
| HONG-KONG | 0.51 % |
| IRELAND | 0.44 % |
| CAYMAN ISLANDS | 0.36 % |
| NEW ZEALAND | 0.35 % |
| SINGAPORE | 0.35 % |
| PERU | 0.31 % |
| Total Portfolio | 96.23 % |

(Content)
|  |  |
| --- | --- |
| DPAM L BONDS EMERGING MARKETS SUSTAINABLE | % Total Net Assets |
|  |
| MEXICO | 9.93 % |
| SOUTH AFRICA | 9.24 % |
| INDONESIA | 9.22 % |
| MALAYSIA | 7.50 % |
| COLOMBIA | 4.82 % |
| SINGAPORE | 4.22 % |
| PERU | 4.16 % |
| ROMANIA | 4.08 % |
| BRAZIL | 4.04 % |
| CZECH REPUBLIC | 3.67 % |
| HUNGARY | 3.65 % |
| SERBIA | 3.07 % |
| PHILIPPINES | 2.76 % |
| CHILE | 2.61 % |
| SOUTH KOREA | 1.95 % |
| UKRAINE | 1.74 % |
| UNITED STATES OF AMERICA | 1.71 % |
| THAILAND | 1.68 % |
| GHANA | 1.67 % |
| CÔTE D’IVOIRE | 1.62 % |
| KENYA | 1.50 % |
| INDIA | 1.49 % |
| POLAND | 1.47 % |
| URUGUAY | 1.44 % |
| TUNISIA | 1.37 % |
| SENEGAL | 0.83 % |
| MOROCCO | 0.71 % |
| NIGERIA | 0.67 % |
| UNITED KINGDOM | 0.56 % |
| MACEDONIA | 0.38 % |
| SALVADOR | 0.28 % |
| PAKISTAN | 0.26 % |
| ECUADOR | 0.21 % |
| SRI LANKA | 0.18 % |
| GEORGIA | 0.17 % |
| GUATEMALA | 0.17 % |
| MOZAMBIQUE | 0.17 % |
| NAMIBIE | 0.16 % |
| ISRAEL | 0.13 % |
| BAHAMAS | 0.12 % |
| ARGENTINA | 0.11 % |
| DOMINICAN REPUBLIC | 0.10 % |
| LUXEMBURG | 0.09 % |
| MONGOLIA | 0.06 % |
| LIBANON | 0.03 % |
| Total Portfolio | 96.00 % |

(Content)
|  |  |
| --- | --- |
| DPAM L BONDS EUR CORPORATE HIGH YIELD | % Total Net Assets |
|  |
| FRANCE | 24.51 % |
| NETHERLANDS | 23.15 % |
| UNITED STATES OF AMERICA | 9.76 % |
| UNITED KINGDOM | 8.36 % |
| GERMANY | 8.04 % |
| LUXEMBURG | 6.91 % |
| JAPAN | 3.88 % |
| ITALY | 3.79 % |
| SWEDEN | 2.96 % |
| SPAIN | 1.72 % |
| IRELAND | 1.51 % |
| BELGIUM | 0.95 % |
| JERSEY | 0.69 % |
| DENMARK | 0.56 % |
| AUSTRIA | 0.49 % |
| FINLAND | 0.25 % |
| POLAND | 0.24 % |
| PORTUGAL | 0.16 % |
| NORWAY | 0.12 % |
| Total Portfolio | 98.05 % |

(Content)
| DPAM L GLOBAL TARGET INCOME | % Total Net Assets |
| --- | --- |
|  |
| LUXEMBURG | 71.22 % |
| BELGIUM | 22.90 % |
| Total Portfolio | 94.12 % |

(Content) (Content)
|  |  |
| --- | --- |
| DPAM L BALANCED CONSERVATIVE SUSTAINABLE | % Total Net Assets |
|  |
| FRANCE | 14.27 % |
| NETHERLANDS | 14.20 % |
| UNITED STATES OF AMERICA | 11.61 % |
| GERMANY | 9.05 % |
| ITALY | 7.37 % |
| BELGIUM | 7.03 % |
| SPAIN | 7.00 % |
| IRELAND | 4.89 % |
| PORTUGAL | 3.56 % |
| UNITED KINGDOM | 2.81 % |
| AUSTRALIA | 2.27 % |
| NORWAY | 1.82 % |
| JAPAN | 1.78 % |
| LUXEMBURG | 1.57 % |
| SWITZERLAND | 1.39 % |
| SWEDEN | 1.24 % |
| CANADA | 1.18 % |
| DENMARK | 0.91 % |
| NEW ZEALAND | 0.89 % |
| SLOVENIA | 0.51 % |
| Total Portfolio | 95.35 % |

(Content)
| DPAM L BONDS CLIMATE TRENDS SUSTAINABLE | % Total Net Assets |
| --- | --- |
|  |
| NETHERLANDS | 17.87 % |
| FRANCE | 15.12 % |
| ITALY | 10.63 % |
| SPAIN | 7.82 % |
| GERMANY | 6.93 % |
| UNITED KINGDOM | 5.67 % |
| BELGIUM | 5.36 % |
| SWEDEN | 4.45 % |
| LUXEMBURG | 3.03 % |
| UNITED STATES OF AMERICA | 2.89 % |
| MOROCCO | 2.82 % |
| IRELAND | 2.58 % |
| FINLAND | 2.56 % |
| PORTUGAL | 1.65 % |
| GUERNSEY | 0.97 % |
| HUNGARY | 0.96 % |
| CHILE | 0.86 % |
| AUSTRIA | 0.81 % |
| BRAZIL | 0.71 % |
| SWITZERLAND | 0.69 % |
| DENMARK | 0.67 % |
| PERU | 0.38 % |
| JAPAN | 0.33 % |
| NORWAY | 0.32 % |
| Total Portfolio | 96.08 % |

(Content)
|  |  |
| --- | --- |
| DPAM L BONDS GOVERNMENT SUSTAINABLE | % Total Net Assets |
|  |
| GERMANY | 12.85 % |
| AUSTRALIA | 9.55 % |
| CANADA | 9.55 % |
| SLOVENIA | 8.56 % |
| NEW ZEALAND | 8.09 % |
| IRELAND | 7.42 % |
| SWEDEN | 7.40 % |
| UNITED KINGDOM | 6.24 % |
| DENMARK | 5.82 % |
| AUSTRIA | 4.68 % |
| JAPAN | 4.12 % |
| BELGIUM | 3.85 % |
| FINLAND | 3.41 % |
| SWITZERLAND | 2.94 % |
| NORWAY | 2.38 % |
| FRANCE | 1.36 % |
| NETHERLANDS | 0.26 % |
| Total Portfolio | 98.48 % |

(Content)
| DPAM L CONVERTIBLE WORLD SUSTAINABLE | % Total Net Assets |
| --- | --- |
|  |
| UNITED STATES OF AMERICA | 37.15 % |
| NETHERLANDS | 11.76 % |
| GERMANY | 9.75 % |
| FRANCE | 8.66 % |
| JAPAN | 6.99 % |
| CAYMAN ISLANDS | 5.58 % |
| BERMUDA | 2.97 % |
| SINGAPORE | 1.75 % |
| SWITZERLAND | 1.56 % |
| HONG-KONG | 1.47 % |
| SPAIN | 1.45 % |
| BRITISH VIRGIN ISLANDS | 1.43 % |
| ISRAEL | 1.26 % |
| AUSTRALIA | 0.98 % |
| SOUTH AFRICA | 0.91 % |
| NEW ZEALAND | 0.62 % |
| BELGIUM | 0.54 % |
| Total Portfolio | 94.83 % |

| DPAM L BONDS EUR QUALITY SUSTAINABLE | % Total Net Assets |
| --- | --- |
|  |
| BANKS | 25.47 % |
| FINANCIAL SERVICES - HOLDINGS | 20.40 % |
| TELECOMMUNICATIONS | 8.17 % |
| REAL ESTATE | 5.67 % |
| ENERGY SOURCES | 5.54 % |
| INSURANCE COMPANIES | 4.13 % |
| PHARMACOLOGY & PERSONAL CARE | 3.94 % |
| ELECTRIC & ELECTRONIC COMPONENTS | 2.85 % |
| ROAD VEHICLES | 2.67 % |
| TOBACCO & SPIRITS | 2.49 % |
| IT & INTERNET | 2.45 % |
| BUILDING MATERIALS | 2.07 % |
| ELECTRIC & ELECTRONIC COMPONENTS | 1.51 % |
| FOOD & CLEANING MATERIALS | 1.32 % |
| CHEMICAL PRODUCTS | 1.18 % |
| MECHANICAL CONSTRUCTION | 1.03 % |
| TEXTILE & GARMENTS | 0.91 % |
| OIL & DERIVED | 0.88 % |
| ASSET & MORTGAGE BACKED SECURITIES | 0.83 % |
| DISTRIBUTION | 0.74 % |
| OTHER SERVICES | 0.71 % |
| LEISURES & TOURISM | 0.60 % |
| INFORMATION, TECHNOLOGY & COPIERS | 0.58 % |
| AIR TRANSPORT | 0.42 % |
| MISCELLANEOUS CONSUMER GOODS | 0.41 % |
| TYRES & RUBBER | 0.35 % |
| UNIT TRUSTS, UCITS | 0.29 % |
| FOREST PRODUCTS & PAPER INDUSTRY | 0.24 % |
| PUBLISHING & BROADCASTING | 0.21 % |
| UTILITIES | 0.11 % |
| Total Portfolio | 98.17 % |

| DPAM L BONDS UNIVERSALIS UNCONSTRAINED | % Total Net Assets |
| --- | --- |
|  |
| STATE | 62.58 % |
| BANKS | 9.59 % |
| TELECOMMUNICATIONS | 7.54 % |
| FINANCIAL SERVICES - HOLDINGS | 5.84 % |
| EUROPEAN ORGANIZATIONS | 3.40 % |
| IT & INTERNET | 2.23 % |
| ROAD VEHICLES | 2.01 % |
| TOBACCO & SPIRITS | 1.19 % |
| ASSET & MORTGAGE BACKED SECURITIES | 0.92 % |
| FOOD & CLEANING MATERIALS | 0.65 % |
| OIL & DERIVED | 0.39 % |
| PUBLISHING & BROADCASTING | 0.37 % |
| CHEMICAL PRODUCTS | 0.26 % |
| TEXTILE & GARMENTS | 0.17 % |
| PHARMACOLOGY & PERSONAL CARE | 0.11 % |
| BUILDING MATERIALS | 0.09 % |
| DISTRIBUTION | 0.05 % |
| Total Portfolio | 97.39 % |

|  |  |
| --- | --- |
| DPAM L BONDS HIGHER YIELD | % Total Net Assets |
|  |
| FINANCIAL SERVICES - HOLDINGS | 26.26 % |
| STATE | 13.96 % |
| BANKS | 13.92 % |
| TELECOMMUNICATIONS | 8.78 % |
| OTHER SERVICES | 4.36 % |
| ENERGY SOURCES | 4.10 % |
| CHEMICAL PRODUCTS | 3.23 % |
| ROAD VEHICLES | 2.99 % |
| BUILDING MATERIALS | 2.51 % |
| REAL ESTATE | 2.32 % |
| INSURANCE COMPANIES | 1.93 % |
| PHARMACOLOGY & PERSONAL CARE | 1.61 % |
| DISTRIBUTION | 1.50 % |
| HEALTH CARE & SERVICES | 1.42 % |
| INTERMEDIARY INDUSTRIAL PRODUCTIONS | 1.34 % |
| ELECTRIC & ELECTRONIC COMPONENTS | 1.14 % |
| PRECIOUS METALS & STONES | 0.90 % |
| AGRICULTURE & FISHING | 0.88 % |
| MECHANICAL CONSTRUCTION | 0.85 % |
| PACKAGING INDUSTRY | 0.64 % |
| BIOTECHNOLOGY | 0.50 % |
| FOOD & CLEANING MATERIALS | 0.49 % |
| IT & INTERNET | 0.39 % |
| TEXTILE & GARMENTS | 0.33 % |
| MISCELLANEOUS | 0.26 % |
| LEISURES & TOURISM | 0.25 % |
| Total Portfolio | 96.86 % |

| DPAM L BONDS GOVERNMENT SUSTAINABLE HEDGED | % Total Net Assets |
| --- | --- |
|  |
| STATE | 91.42 % |
| BANKS | 4.94 % |
| FINANCIAL SERVICES - HOLDINGS | 0.59 % |
| Total Portfolio | 96.95 % |

|  |  |
| --- | --- |
| DPAM L EQUITIES CONVICTION RESEARCH | % Total Net Assets |
|  |
| CHEMICAL PRODUCTS | 11.71 % |
| FOOD & CLEANING MATERIALS | 11.36 % |
| FINANCIAL SERVICES - HOLDINGS | 11.36 % |
| PHARMACOLOGY & PERSONAL CARE | 10.87 % |
| TELECOMMUNICATIONS | 8.18 % |
| MECHANICAL CONSTRUCTION | 6.12 % |
| IT & INTERNET | 5.68 % |
| OIL & DERIVED | 5.41 % |
| ROAD & RAILWAY TRANSPORTS | 5.14 % |
| INSURANCE COMPANIES | 4.44 % |
| TEXTILE & GARMENTS | 3.66 % |
| BIOTECHNOLOGY | 3.64 % |
| ELECTRIC & ELECTRONIC COMPONENTS | 2.88 % |
| ROAD VEHICLES | 2.87 % |
| ENERGY SOURCES | 2.67 % |
| BANKS | 2.53 % |
| Total Portfolio | 98.52 % |

| DPAM L BONDS EUR HIGH YIELD SHORT TERM | % Total Net Assets |
| --- | --- |
|  |
| FINANCIAL SERVICES - HOLDINGS | 27.39 % |
| TELECOMMUNICATIONS | 11.96 % |
| ROAD VEHICLES | 11.87 % |
| IT & INTERNET | 8.84 % |
| PACKAGING INDUSTRY | 6.93 % |
| FOOD & CLEANING MATERIALS | 4.54 % |
| REAL ESTATE | 3.63 % |
| DISTRIBUTION | 2.67 % |
| MISCELLANEOUS | 2.47 % |
| ELECTRIC & ELECTRONIC COMPONENTS | 2.43 % |
| OTHER SERVICES | 2.19 % |
| CHEMICAL PRODUCTS | 2.02 % |
| ENERGY SOURCES | 2.01 % |
| INTERMEDIARY INDUSTRIAL PRODUCTIONS | 1.52 % |
| BUILDING MATERIALS | 1.22 % |
| AIR TRANSPORT | 1.21 % |
| AEROSPACE INDUSTRY & DEFENCE | 1.16 % |
| MISCELLANEOUS CONSUMER GOODS | 0.60 % |
| BANKS | 0.41 % |
| MISCELLANEOUS EQUIPMENT GOODS | 0.28 % |
| Total Portfolio | 95.35 % |

|  |  |
| --- | --- |
| DPAM L PATRIMONIAL FUND | % Total Net Assets |
|  |
| STATE | 29.48 % |
| BANKS | 14.22 % |
| FINANCIAL SERVICES - HOLDINGS | 11.29 % |
| UNIT TRUSTS, UCITS | 5.20 % |
| MISCELLANEOUS CONSUMER GOODS | 4.51 % |
| TELECOMMUNICATIONS | 4.06 % |
| PHARMACOLOGY & PERSONAL CARE | 2.95 % |
| ELECTRIC & ELECTRONIC COMPONENTS | 2.20 % |
| ENERGY SOURCES | 2.19 % |
| IT & INTERNET | 1.88 % |
| INSURANCE COMPANIES | 1.77 % |
| OIL & DERIVED | 1.66 % |
| REAL ESTATE | 1.45 % |
| EUROPEAN ORGANIZATIONS | 1.40 % |
| MECHANICAL CONSTRUCTION | 1.31 % |
| ROAD VEHICLES | 1.13 % |
| FOOD & CLEANING MATERIALS | 1.08 % |
| ROAD & RAILWAY TRANSPORTS | 1.04 % |
| INFORMATION, TECHNOLOGY & COPIERS | 1.03 % |
| DISTRIBUTION | 0.97 % |
| PHOTOGRAPHY & OPTICAL | 0.85 % |
| ASSET & MORTGAGE BACKED SECURITIES | 0.69 % |
| PUBLISHING & BROADCASTING | 0.60 % |
| TYRES & RUBBER | 0.52 % |
| ELECTRIC & ELECTRONIC COMPONENTS | 0.50 % |
| NONFERROUS METALS | 0.50 % |
| INTERMEDIARY INDUSTRIAL PRODUCTIONS | 0.49 % |
| CHEMICAL PRODUCTS | 0.47 % |
| DIVERSIFIED COMPANIES | 0.46 % |
| TOBACCO & SPIRITS | 0.33 % |
| Total Portfolio | 96.23 % |

| DPAM L BONDS EMERGING MARKETS SUSTAINABLE | % Total Net Assets |
| --- | --- |
|  |
| STATE | 91.16 % |
| EUROPEAN ORGANIZATIONS | 3.41 % |
| BANKS | 1.37 % |
| FINANCIAL SERVICES - HOLDINGS | 0.06 % |
| Total Portfolio | 96.00 % |

|  |  |
| --- | --- |
| DPAM L BONDS EUR CORPORATE HIGH YIELD | % Total Net Assets |
|  |
| FINANCIAL SERVICES - HOLDINGS | 31.48 % |
| TELECOMMUNICATIONS | 11.15 % |
| ROAD VEHICLES | 10.40 % |
| IT & INTERNET | 7.32 % |
| CHEMICAL PRODUCTS | 4.97 % |
| PHARMACOLOGY & PERSONAL CARE | 4.10 % |
| OTHER SERVICES | 3.72 % |
| DISTRIBUTION | 3.31 % |
| BUILDING MATERIALS | 3.10 % |
| HEALTH CARE & SERVICES | 2.99 % |
| ELECTRIC & ELECTRONIC COMPONENTS | 2.26 % |
| PACKAGING INDUSTRY | 1.83 % |
| MISCELLANEOUS | 1.50 % |
| FOOD & CLEANING MATERIALS | 1.36 % |
| ENERGY SOURCES | 1.34 % |
| MISCELLANEOUS CONSUMER GOODS | 1.17 % |
| LEISURES & TOURISM | 1.02 % |
| AEROSPACE INDUSTRY & DEFENCE | 0.86 % |
| AIR TRANSPORT | 0.81 % |
| BANKS | 0.79 % |
| INTERMEDIARY INDUSTRIAL PRODUCTIONS | 0.63 % |
| DIVERSIFIED COMPANIES | 0.51 % |
| MECHANICAL CONSTRUCTION | 0.37 % |
| BIOTECHNOLOGY | 0.37 % |
| AGRICULTURE & FISHING | 0.36 % |
| TEXTILE & GARMENTS | 0.17 % |
| FOREST PRODUCTS & PAPER INDUSTRY | 0.16 % |
| Total Portfolio | 98.05 % |

| DPAM L GLOBAL TARGET INCOME | % Total Net Assets |
| --- | --- |
|  |
| UNIT TRUSTS, UCITS | 87.57 % |
| REAL ESTATE | 6.55 % |
| Total Portfolio | 94.12 % |

|  |  |
| --- | --- |
| DPAM L BALANCED CONSERVATIVE SUSTAINABLE | % Total Net Assets |
|  |
| STATE | 27.52 % |
| BANKS | 9.56 % |
| FINANCIAL SERVICES - HOLDINGS | 9.35 % |
| PHARMACOLOGY & PERSONAL CARE | 5.45 % |
| IT & INTERNET | 5.32 % |
| ENERGY SOURCES | 3.80 % |
| ELECTRIC & ELECTRONIC COMPONENTS | 3.72 % |
| ELECTRIC & ELECTRONIC COMPONENTS | 3.53 % |
| MECHANICAL CONSTRUCTION | 3.48 % |
| CHEMICAL PRODUCTS | 3.04 % |
| TELECOMMUNICATIONS | 2.81 % |
| INSURANCE COMPANIES | 2.70 % |
| TOBACCO & SPIRITS | 1.58 % |
| FOOD & CLEANING MATERIALS | 1.38 % |
| REAL ESTATE | 1.33 % |
| TEXTILE & GARMENTS | 1.15 % |
| PUBLISHING & BROADCASTING | 1.06 % |
| ROAD VEHICLES | 1.04 % |
| BIOTECHNOLOGY | 0.76 % |
| OTHER SERVICES | 0.75 % |
| DISTRIBUTION | 0.72 % |
| CONSUMER GOODS | 0.63 % |
| INFORMATION, TECHNOLOGY & COPIERS | 0.60 % |
| PROVINCE | 0.55 % |
| BUILDING MATERIALS | 0.50 % |
| INTERMEDIARY INDUSTRIAL PRODUCTIONS | 0.42 % |
| MISCELLANEOUS CONSUMER GOODS | 0.36 % |
| TYRES & RUBBER | 0.35 % |
| PACKAGING INDUSTRY | 0.34 % |
| ROAD & RAILWAY TRANSPORTS | 0.34 % |
| PHOTOGRAPHY & OPTICAL | 0.33 % |
| LEISURES & TOURISM | 0.32 % |
| NONFERROUS METALS | 0.30 % |
| UNIT TRUSTS, UCITS | 0.26 % |
| Total Portfolio | 95.35 % |

|  |  |
| --- | --- |
| DPAM L BONDS CLIMATE TRENDS SUSTAINABLE | % Total Net Assets |
|  |
| BANKS | 17.68 % |
| FINANCIAL SERVICES - HOLDINGS | 14.33 % |
| ENERGY SOURCES | 13.88 % |
| STATE | 9.64 % |
| ELECTRIC & ELECTRONIC COMPONENTS | 4.53 % |
| INSURANCE COMPANIES | 4.45 % |
| CHEMICAL PRODUCTS | 4.19 % |
| REAL ESTATE | 4.12 % |
| ROAD VEHICLES | 4.06 % |
| TELECOMMUNICATIONS | 3.41 % |
| OTHER SERVICES | 1.95 % |
| OIL & DERIVED | 1.61 % |
| FOOD & CLEANING MATERIALS | 1.34 % |
| BUILDING MATERIALS | 1.28 % |
| TEXTILE & GARMENTS | 1.25 % |
| ASSET & MORTGAGE BACKED SECURITIES | 1.24 % |
| EUROPEAN ORGANIZATIONS | 1.13 % |
| NONFERROUS METALS | 1.12 % |
| UNIT TRUSTS, UCITS | 0.97 % |
| PACKAGING INDUSTRY | 0.95 % |
| FOREST PRODUCTS & PAPER INDUSTRY | 0.80 % |
| PROVINCE | 0.72 % |
| MISCELLANEOUS CONSUMER GOODS | 0.51 % |
| ELECTRIC & ELECTRONIC COMPONENTS | 0.51 % |
| COMMERCIAL SERVICES - PUBLIC | 0.41 % |
| Total Portfolio | 96.08 % |

| DPAM L BONDS GOVERNMENT SUSTAINABLE | % Total Net Assets |
| --- | --- |
|  |
| STATE | 92.14 % |
| BANKS | 5.87 % |
| FINANCIAL SERVICES - HOLDINGS | 0.47 % |
| Total Portfolio | 98.48 % |

|  |  |
| --- | --- |
| DPAM L CONVERTIBLE WORLD SUSTAINABLE | % Total Net Assets |
|  |
| IT & INTERNET | 21.87 % |
| FINANCIAL SERVICES - HOLDINGS | 15.91 % |
| ROAD VEHICLES | 11.32 % |
| ELECTRIC & ELECTRONIC COMPONENTS | 6.68 % |
| PHARMACOLOGY & PERSONAL CARE | 5.36 % |
| CHEMICAL PRODUCTS | 4.12 % |
| HEALTH CARE & SERVICES | 3.95 % |
| BIOTECHNOLOGY | 3.34 % |
| LEISURES & TOURISM | 3.15 % |
| ENERGY SOURCES | 2.99 % |
| TEXTILE & GARMENTS | 2.65 % |
| DISTRIBUTION | 2.49 % |
| ELECTRIC & ELECTRONIC COMPONENTS | 2.06 % |
| OTHER SERVICES | 1.95 % |
| REAL ESTATE | 1.55 % |
| OIL & DERIVED | 1.50 % |
| MISCELLANEOUS | 0.91 % |
| INTERMEDIARY INDUSTRIAL PRODUCTIONS | 0.78 % |
| PRECIOUS METALS & STONES | 0.72 % |
| PUBLISHING & BROADCASTING | 0.70 % |
| FOOD & CLEANING MATERIALS | 0.51 % |
| TELECOMMUNICATIONS | 0.32 % |
| Total Portfolio | 94.83 % |

| DPAM L BONDS EUR QUALITY SUSTAINABLE | % Total Net Assets |
| --- | --- |
|  |
| EURO | 98.17 % |
| Total Portfolio | 98.17 % |

| DPAM L BONDS UNIVERSALIS UNCONSTRAINED | % Total Net Assets |
| --- | --- |
|  |
| EURO | 48.31 % |
| U.S. DOLLAR | 25.16 % |
| AUSTRALIAN DOLLAR | 4.68 % |
| NEW ZEALAND DOLLAR | 3.45 % |
| JAPANESE YEN | 2.95 % |
| SOUTH AFRICAN RAND | 2.42 % |
| NEW MEXICAN PESO | 2.01 % |
| BRITISH POUND | 1.96 % |
| SWEDISH KRONA | 1.88 % |
| CZECH KORUNA | 1.70 % |
| CANADIAN DOLLAR | 1.46 % |
| SWISS FRANC | 1.41 % |
| Total Portfolio | 97.39 % |

| DPAM L BONDS HIGHER YIELD | % Total Net Assets |
| --- | --- |
|  |
| EURO | 73.04 % |
| U.S. DOLLAR | 13.08 % |
| NEW MEXICAN PESO | 3.80 % |
| INDONESIAN RUPIAH | 3.27 % |
| SOUTH AFRICAN RAND | 2.73 % |
| BRAZILIAN REAL | 0.94 % |
| Total Portfolio | 96.86 % |

| DPAM L BONDS GOVERNMENT SUSTAINABLE HEDGED | % Total Net Assets |
| --- | --- |
|  |
| EURO | 42.38 % |
| CANADIAN DOLLAR | 9.92 % |
| AUSTRALIAN DOLLAR | 9.30 % |
| BRITISH POUND | 8.94 % |
| NEW ZEALAND DOLLAR | 7.80 % |
| DANISH KRONE | 6.03 % |
| SWEDISH KRONA | 4.42 % |
| NORWEGIAN KRONE | 3.03 % |
| JAPANESE YEN | 2.94 % |
| SWISS FRANC | 2.19 % |
| Total Portfolio | 96.95 % |

|  |  |
| --- | --- |
| DPAM L EQUITIES CONVICTION RESEARCH | % Total Net Assets |
|  |
| EURO | 58.95 % |
| BRITISH POUND | 13.64 % |
| SWISS FRANC | 11.66 % |
| NORWEGIAN KRONE | 6.32 % |
| SWEDISH KRONA | 5.24 % |
| DANISH KRONE | 2.71 % |
| Total Portfolio | 98.52 % |

| DPAM L BONDS EUR HIGH YIELD SHORT TERM | % Total Net Assets |
| --- | --- |
|  |
| EURO | 95.35 % |
| Total Portfolio | 95.35 % |

| DPAM L PATRIMONIAL FUND | % Total Net Assets |
| --- | --- |
|  |
| EURO | 62.07 % |
| U.S. DOLLAR | 18.47 % |
| JAPANESE YEN | 2.94 % |
| SWEDISH KRONA | 2.75 % |
| CANADIAN DOLLAR | 1.99 % |
| AUSTRALIAN DOLLAR | 1.80 % |
| BRITISH POUND | 1.52 % |
| NORWEGIAN KRONE | 0.89 % |
| HONG KONG DOLLAR | 0.88 % |
| SWISS FRANC | 0.79 % |
| NEW MEXICAN PESO | 0.59 % |
| INDONESIAN RUPIAH | 0.53 % |
| NEW ZEALAND DOLLAR | 0.35 % |
| SINGAPORE DOLLAR | 0.35 % |
| PERUVIAN SOL | 0.31 % |
| Total Portfolio | 96.23 % |

|  |  |
| --- | --- |
| DPAM L BONDS EMERGING MARKETS SUSTAINABLE | % Total Net Assets |
|  |
| INDONESIAN RUPIAH | 10.52 % |
| NEW MEXICAN PESO | 9.90 % |
| SOUTH AFRICAN RAND | 9.34 % |
| MALAYSIAN RINGGIT | 7.50 % |
| U.S. DOLLAR | 7.06 % |
| EURO | 5.63 % |
| COLOMBIAN PESO | 4.82 % |
| SINGAPORE DOLLAR | 4.22 % |
| PERUVIAN SOL | 4.16 % |
| BRAZILIAN REAL | 4.04 % |
| CZECH KORUNA | 3.67 % |
| HUNGARIAN FORINT | 3.65 % |
| INDIAN RUPEE | 3.31 % |
| SERBIAN DINAR | 2.95 % |
| CHILEAN PESO | 2.61 % |
| ROMANIAN LEU | 2.60 % |
| SOUTH KOREAN WON | 1.95 % |
| PHILIPPINE PESO | 1.92 % |
| THAI BAHT | 1.68 % |
| POLISH ZLOTY | 1.47 % |
| URUGUAYAN PESO | 1.44 % |
| GHANAIAN CEDI | 0.89 % |
| KENYAN SHILLING | 0.67 % |
| Total Portfolio | 96.00 % |

| DPAM L BONDS EUR CORPORATE HIGH YIELD | % Total Net Assets |
| --- | --- |
|  |
| EURO | 98.05 % |
| Total Portfolio | 98.05 % |

| DPAM L GLOBAL TARGET INCOME | % Total Net Assets |
| --- | --- |
|  |
| EURO | 94.12 % |
| Total Portfolio | 94.12 % |

|  |  |
| --- | --- |
| DPAM L BALANCED CONSERVATIVE SUSTAINABLE | % Total Net Assets |
|  |
| EURO | 73.83 % |
| U.S. DOLLAR | 9.28 % |
| BRITISH POUND | 2.81 % |
| AUSTRALIAN DOLLAR | 1.74 % |
| SWISS FRANC | 1.39 % |
| NORWEGIAN KRONE | 1.27 % |
| CANADIAN DOLLAR | 1.18 % |
| JAPANESE YEN | 1.17 % |
| DANISH KRONE | 0.91 % |
| NEW ZEALAND DOLLAR | 0.89 % |
| SWEDISH KRONA | 0.88 % |
| Total Portfolio | 95.35 % |

| DPAM L BONDS CLIMATE TRENDS SUSTAINABLE | % Total Net Assets |
| --- | --- |
|  |
| EURO | 86.82 % |
| U.S. DOLLAR | 5.02 % |
| BRITISH POUND | 1.55 % |
| SWEDISH KRONA | 1.00 % |
| NORWEGIAN KRONE | 0.90 % |
| CHILEAN PESO | 0.41 % |
| PERUVIAN SOL | 0.38 % |
| Total Portfolio | 96.08 % |

| DPAM L BONDS GOVERNMENT SUSTAINABLE | % Total Net Assets |
| --- | --- |
|  |
| EURO | 42.86 % |
| AUSTRALIAN DOLLAR | 9.55 % |
| CANADIAN DOLLAR | 9.08 % |
| NEW ZEALAND DOLLAR | 8.09 % |
| SWEDISH KRONA | 7.40 % |
| BRITISH POUND | 6.24 % |
| DANISH KRONE | 5.82 % |
| JAPANESE YEN | 4.12 % |
| SWISS FRANC | 2.94 % |
| NORWEGIAN KRONE | 2.38 % |
| Total Portfolio | 98.48 % |

|  |  |
| --- | --- |
| DPAM L CONVERTIBLE WORLD SUSTAINABLE | % Total Net Assets |
|  |
| U.S. DOLLAR | 53.24 % |
| EURO | 23.68 % |
| JAPANESE YEN | 6.99 % |
| HONG KONG DOLLAR | 5.00 % |
| SINGAPORE DOLLAR | 1.75 % |
| SWISS FRANC | 1.56 % |
| AUSTRALIAN DOLLAR | 0.98 % |
| SOUTH AFRICAN RAND | 0.91 % |
| CANADIAN DOLLAR | 0.72 % |
| Total Portfolio | 94.83 % |

DPAM L LIQUIDITY EUR &FRN*
| Shares outstanding at the beginning of the exercise	- A | 36.015,888 |
| --- | --- |
| - B | 5.365,857 |
| - F | 42.430,649 |
| - M | 11.882,206 |
| - N | 769,991 |
| Shares issued during the exercise	- A | 0,000 |
| - B | 0,000 |
| - F | 0,000 |
| - M | 0,000 |
| - N | 0,000 |
| Shares redeemed during the exercise	- A | 36.015,888 |
| - B | 5.365,857 |
| - F | 42.430,649 |
| - M | 11.882,206 |
| - N | 769,991 |
| Shares outstanding at the end of the exercise	- A | 0,000 |
| - B | 0,000 |
| - F | 0,000 |
| - M | 0,000 |
| - N | 0,000 |

*Cfr note 14
DPAM L BONDS EUR QUALITY SUSTAINABLE
| Shares outstanding at the beginning of the exercise	- A | 153.580,271 |
| --- | --- |
| - B | 50.194,884 |
| - E | 10.983,693 |
| - F | 434.604,339 |
| - J | 14.155,881 |
| - L | 0,000 |
| - M | 488.592,691 |
| - N | 3.265,523 |
| - P | 500.810,000 |
| - W | 6.365,583 |
| Shares issued during the exercise	- A | 56.996,620 |
| - B | 21.463,569 |
| - E | 11.070,000 |
| - F | 376.119,184 |
| - J | 7.175,000 |
| - L | 3.020,000 |
| - M | 171.339,440 |
| - N | 1.740,827 |
| - P | 60.550,000 |
| - W | 5.146,423 |
| Shares redeemed during the exercise	- A | 35.536,297 |
| - B | 15.384,793 |
| - E | 2.000,000 |
| - F | 133.134,266 |
| - J | 1.238,000 |
| - L | 1.107,000 |
| - M | 51.519,554 |
| - N | 833,615 |
| - P | 80.661,000 |
| - W | 4.601,125 |
| Shares outstanding at the end of the exercise	- A | 175.040,594 |
| - B | 56.273,660 |
| - E | 20.053,693 |
| - F | 677.589,257 |
| - J | 20.092,881 |
| - L | 1.913,000 |
| - M | 608.412,577 |
| - N | 4.172,735 |
| - P | 480.699,000 |
| - W | 6.910,881 |

DPAM L BONDS UNIVERSALIS UNCONSTRAINED
| Shares outstanding at the beginning of the exercise	- A | 394.574,174 |
| --- | --- |
| - B | 383.675,964 |
| - B CHF | 328,000 |
| - E | 292.002,406 |
| - F | 1.895.720,751 |
| - J | 6.594,702 |
| - M | 613.052,741 |
| - N | 31.578,308 |
| - P | 693.610,000 |
| - V | 1.208,632 |
| - W | 117.100,224 |
| Shares issued during the exercise	- A | 34.276,487 |
| - B | 199.190,476 |
| - B CHF | 0,000 |
| - E | 5.921,699 |
| - F | 1.655.510,295 |
| - J | 1.211,000 |
| - M | 176.810,864 |
| - N | 4.860,000 |
| - P | 20.930,000 |
| - V | 2.535,992 |
| - W | 163.104,813 |
| Shares redeemed during the exercise	- A | 35.762,900 |
| - B | 118.129,847 |
| - B CHF | 0,000 |
| - E | 126.110,952 |
| - F | 643.314,426 |
| - J | 40,000 |
| - M | 46.971,279 |
| - N | 1.696,385 |
| - P | 30.650,000 |
| - V | 846,992 |
| - W | 63.679,604 |
| Shares outstanding at the end of the exercise	- A | 393.087,761 |
| - B | 464.736,593 |
| - B CHF | 328,000 |
| - E | 171.813,153 |
| - F | 2.907.916,620 |
| - J | 7.765,702 |
| - M | 742.892,326 |
| - N | 34.741,923 |
| - P | 683.890,000 |
| - V | 2.897,632 |
| - W | 216.525,433 |

DPAM L BONDS HIGHER YIELD
| Shares outstanding at the beginning of the exercise	- A | 980.576,507 |
| --- | --- |
| - B | 127.659,524 |
| - B CHF | 123,392 |
| - E | 189.890,858 |
| - F | 24.262,776 |
| - M | 160.180,842 |
| - N | 4.893,381 |
| - P | 36.486,000 |
| - V | 8.627,772 |
| - W | 3.330,452 |
| Shares issued during the exercise	- A | 132.333,464 |
| - B | 35.563,127 |
| - B CHF | 120,375 |
| - E | 0,000 |
| - F | 87.829,272 |
| - M | 6.609,917 |
| - N | 369,000 |
| - P | 79.789,000 |
| - V | 722,647 |
| - W | 709,983 |
| Shares redeemed during the exercise	- A | 101.430,308 |
| - B | 43.059,981 |
| - B CHF | 55,868 |
| - E | 0,000 |
| - F | 13.762,373 |
| - M | 21.423,227 |
| - N | 814,892 |
| - P | 82.823,000 |
| - V | 4.693,417 |
| - W | 244,354 |
| Shares outstanding at the end of the exercise	- A | 1.011.479,663 |
| - B | 120.162,670 |
| - B CHF | 187,899 |
| - E | 189.890,858 |
| - F | 98.329,675 |
| - M | 145.367,532 |
| - N | 4.447,489 |
| - P | 33.452,000 |
| - V | 4.657,002 |
| - W | 3.796,081 |

DPAM L BONDS GOVERNMENT SUSTAINABLE HEDGED
| Shares outstanding at the beginning of the exercise	- A | 2.807,837 |
| --- | --- |
| - B | 23.188,122 |
| - E | 6.659,713 |
| - F | 210.850,617 |
| - J | 4.926,841 |
| - L | 641,634 |
| - M | 5.134,775 |
| - N | 110,000 |
| - P | 10.021,000 |
| - V | 656,951 |
| - W | 11.034,319 |
| Shares issued during the exercise	- A | 8.840,031 |
| - B | 16.021,124 |
| - E | 11.862,995 |
| - F | 182.898,340 |
| - J | 3.388,000 |
| - L | 1.518,539 |
| - M | 15.211,204 |
| - N | 105,000 |
| - P | 18.173,000 |
| - V | 1.925,169 |
| - W | 19.991,203 |
| Shares redeemed during the exercise	- A | 3.664,122 |
| - B | 13.835,683 |
| - E | 9.380,713 |
| - F | 118.732,429 |
| - J | 1.962,000 |
| - L | 768,534 |
| - M | 1.116,394 |
| - N | 45,000 |
| - P | 14.145,000 |
| - V | 488,564 |
| - W | 6.576,226 |
| Shares outstanding at the end of the exercise	- A | 7.983,746 |
| - B | 25.373,563 |
| - E | 9.141,995 |
| - F | 275.016,528 |
| - J | 6.352,841 |
| - L | 1.391,639 |
| - M | 19.229,585 |
| - N | 170,000 |
| - P | 14.049,000 |
| - V | 2.093,556 |
| - W | 24.449,296 |

DPAM L EQUITIES CONVICTION RESEARCH
| Shares outstanding at the beginning of the exercise	- A | 3,619.590 |
| --- | --- |
| - B | 15,870.395 |
| - F | 13,807.887 |
| - J | 5,090.659 |
| - M | 20,369.620 |
| - N | 5,171.705 |
| - P | 2,629.000 |
| Shares issued during the exercise	- A | 434.727 |
| - B | 1,605.572 |
| - F | 28,350.000 |
| - J | 2,248.000 |
| - M | 5,960.401 |
| - N | 722.800 |
| - P | 92.000 |
| Shares redeemed during the exercise	- A | 1,632.447 |
| - B | 2,477.942 |
| - F | 16,000.000 |
| - J | 264.000 |
| - M | 3,829.450 |
| - N | 2,117.863 |
| - P | 13.000 |
| Shares outstanding at the end of the exercise	- A | 2,421.870 |
| - B | 14,998.025 |
| - F | 26,157.887 |
| - J | 7,074.659 |
| - M | 22,500.571 |
| - N | 3,776.642 |
| - P | 2,708.000 |

DPAM L BONDS EUR HIGH YIELD SHORT TERM
| Shares outstanding at the beginning of the exercise	- A | 216,508.330 |
| --- | --- |
| - B | 287,362.455 |
| - E | 186,623.563 |
| - F | 2,037,637.520 |
| - F CHF | 2,300.000 |
| - J | 2,421.153 |
| - L | 19,439.771 |
| - M | 143,975.996 |
| - N | 104,395.209 |
| - P | 197,397.000 |
| - V | 1,416.557 |
| - W | 167,760.683 |
| Shares issued during the exercise	- A | 17,294.314 |
| - B | 24,053.547 |
| - E | 23,387.000 |
| - F | 823,418.608 |
| - F CHF | 0.000 |
| - J | 185.000 |
| - L | 487.220 |
| - M | 5,498.846 |
| - N | 34,406.634 |
| - P | 32,732.000 |
| - V | 0.000 |
| - W | 53,421.334 |
| Shares redeemed during the exercise	- A | 43,716.458 |
| - B | 137,278.625 |
| - E | 45,959.654 |
| - F | 1,705,487.796 |
| - F CHF | 700.000 |
| - J | 81.000 |
| - L | 15,843.588 |
| - M | 30,773.903 |
| - N | 45,260.054 |
| - P | 115,241.000 |
| - V | 579.170 |
| - W | 136,928.125 |
| Shares outstanding at the end of the exercise	- A | 190,086.186 |
| - B | 174,137.377 |
| - E | 164,050.909 |
| - F | 1,155,568.332 |
| - F CHF | 1,600.000 |
| - J | 2,525.153 |
| - L | 4,083.403 |
| - M | 118,700.939 |
| - N | 93,541.789 |
| - P | 114,888.000 |
| - V | 837.387 |
| - W | 84,253.892 |

DPAM L PATRIMONIAL FUND
| Shares outstanding at the beginning of the exercise	- A | 272,317.685 |
| --- | --- |
| - B | 271,497.555 |
| - E | 1,971.381 |
| - F | 129,974.656 |
| - M | 102,473.453 |
| - N | 48,822.478 |
| Shares issued during the exercise	- A | 1,117,140.904 |
| - B | 58,881.912 |
| - E | 0.000 |
| - F | 40,437.214 |
| - M | 2,537.426 |
| - N | 209.500 |
| Shares redeemed during the exercise	- A | 138,235.020 |
| - B | 65,053.977 |
| - E | 0.000 |
| - F | 116,083.438 |
| - M | 48,318.186 |
| - N | 10,099.311 |
| Shares outstanding at the end of the exercise	- A | 1,251,223.569 |
| - B | 265,325.490 |
| - E | 1,971.381 |
| - F | 54,328.432 |
| - M | 56,692.693 |
| - N | 38,932.667 |

DPAM L BONDS EMERGING MARKETS SUSTAINABLE
| Shares outstanding at the beginning of the exercise	- A | 669.594,387 |
| --- | --- |
| - B | 1.071.096,164 |
| - B CHF | 1.371,268 |
| - B EUR HEDGED | 27.509,276 |
| - B USD | 184.421,901 |
| - E | 2.084.820,366 |
| - F | 6.104.651,980 |
| - F CHF | 35.410,469 |
| - F USD | 101.040,162 |
| - J | 9.056,809 |
| - L | 23.678,337 |
| - M | 355.179,584 |
| - N | 23.056,684 |
| - N USD | 115.891,750 |
| - P | 625.204,000 |
| - V | 108.026,000 |
| - V EUR HEDGED | 9.200,000 |
| - W | 1.540.340,996 |
| - W CHF | 11.416,000 |
| - W EUR HEDGED | 52.422,901 |
| - W USD | 1.652,070 |
| Shares issued during the exercise	- A | 347.469,232 |
| - B | 898.301,498 |
| - B CHF | 845,000 |
| - B EUR HEDGED | 672,835 |
| - B USD | 27.879,562 |
| - E | 964.337,127 |
| - F | 5.020.796,079 |
| - F CHF | 77.085,078 |
| - F USD | 2.464.003,194 |
| - J | 1.750,000 |
| - L | 31.021,616 |
| - M | 68.469,218 |
| - N | 9.749,000 |
| - N USD | 84.932,502 |
| - P | 316.608,000 |
| - V | 45.630,000 |
| - V EUR HEDGED | 1.519,795 |
| - W | 1.000.874,941 |
| - W CHF | 2.875,000 |
| - W EUR HEDGED | 1.965,838 |
| - W USD | 502.040,716 |
| Shares redeemed during the exercise	- A | 149.687,276 |
| - B | 512.202,364 |
| - B CHF | 685,000 |
| - B EUR HEDGED | 28.182,111 |
| - B USD | 64.108,850 |
| - E | 444.835,861 |
| - F | 2.585.643,832 |
| - F CHF | 16.475,563 |
| - F USD | 244.345,188 |
| - J | 1.932,000 |
| - L | 32.482,428 |
| - M | 49.430,882 |
| - N | 2.254,077 |
| - N USD | 31.635,000 |
| - P | 449.299,000 |
| - V | 4.341,000 |
| - V EUR HEDGED | 10.719,795 |
| - W | 724.410,245 |
| - W CHF | 6.926,000 |
| - W EUR HEDGED | 54.388,739 |
| - W USD | 18.233,660 |

|  |  |
| --- | --- |
| Shares outstanding at the end of the exercise	- A | 867.376,343 |
| - B | 1.457.195,298 |
| - B CHF | 1.531,268 |
| - B EUR HEDGED | 0,000 |
| - B USD | 148.192,613 |
| - E | 2.604.321,632 |
| - F | 8.539.804,227 |
| - F CHF | 96.019,984 |
| - F USD | 2.320.698,168 |
| - J | 8.874,809 |
| - L | 22.217,525 |
| - M | 374.217,920 |
| - N | 30.551,607 |
| - N USD | 169.189,252 |
| - P | 492.513,000 |
| - V | 149.315,000 |
| - V EUR HEDGED | 0,000 |
| - W | 1.816.805,692 |
| - W CHF | 7.365,000 |
| - W EUR HEDGED | 0,000 |
| - W USD | 485.459,126 |

DPAM L BONDS EUR CORPORATE HIGH YIELD
| Shares outstanding at the beginning of the exercise	- A | 130,316.513 |
| --- | --- |
| - B | 170,439.712 |
| - E | 57,943.841 |
| - F | 849,273.726 |
| - J | 3,771.000 |
| - L | 1,254.141 |
| - M | 154,156.261 |
| - N | 50.000 |
| - P | 68,014.767 |
| - V | 204,425.000 |
| - W | 6,206.195 |
| Shares issued during the exercise	- A | 27,842.033 |
| - B | 75,678.505 |
| - E | 7,939.000 |
| - F | 1,374,918.414 |
| - J | 348.000 |
| - L | 55.000 |
| - M | 34,202.318 |
| - N | 70.000 |
| - P | 202,258.000 |
| - V | 126,934.000 |
| - W | 44,742.268 |
| Shares redeemed during the exercise	- A | 32,075.689 |
| - B | 103,373.048 |
| - E | 9,150.000 |
| - F | 756,813.736 |
| - J | 702.000 |
| - L | 1,104.000 |
| - M | 32,192.719 |
| - N | 0.000 |
| - P | 182,006.000 |
| - V | 26,738.000 |
| - W | 10,009.150 |
| Shares outstanding at the end of the exercise	- A | 126,082.857 |
| - B | 142,745.169 |
| - E | 56,732.841 |
| - F | 1,467,378.404 |
| - J | 3,417.000 |
| - L | 205.141 |
| - M | 156,165.860 |
| - N | 120.000 |
| - P | 88,266.767 |
| - V | 304,621.000 |
| - W | 40,939.313 |

DPAM L GLOBAL TARGET INCOME
| Shares outstanding at the beginning of the exercise	- A | 193,642.633 |
| --- | --- |
| - B | 66,520.566 |
| - E | 12,500.000 |
| - F | 434,772.626 |
| - M | 15,495.101 |
| Shares issued during the exercise	- A | 161,231.522 |
| - B | 34,783.615 |
| - E | 0.000 |
| - F | 27,971.627 |
| - M | 0.000 |
| Shares redeemed during the exercise	- A | 110,380.628 |
| - B | 61,964.764 |
| - E | 2,500.000 |
| - F | 130,168.827 |
| - M | 0.000 |
| Shares outstanding at the end of the exercise	- A | 244,493.527 |
| - B | 39,339.417 |
| - E | 10,000.000 |
| - F | 332,575.426 |
| - M | 15,495.101 |

DPAM L BONDS EUR GOVERNMENT 1-5*
| Shares outstanding at the beginning of the exercise	- A | 32.956,000 |
| --- | --- |
| - B | 11.735,000 |
| - F | 10.348,056 |
| - M | 26.937,006 |
| - N | 3.825,364 |
| - P | 0,000 |
| Shares issued during the exercise	- A | 0,000 |
| - B | 0,000 |
| - F | 32.180,000 |
| - M | 1.541,000 |
| - N | 0,000 |
| - P | 0,000 |
| Shares redeemed during the exercise	- A | 32.956,000 |
| - B | 11.735,000 |
| - F | 42.528,056 |
| - M | 28.478,006 |
| - N | 3.825,364 |
| - P | 0,000 |
| Shares outstanding at the end of the exercise	- A | 0,000 |
| - B | 0,000 |
| - F | 0,000 |
| - M | 0,000 |
| - N | 0,000 |
| - P | 0,000 |

*Cfr note 14
DPAM L BALANCED CONSERVATIVE SUSTAINABLE
| Shares outstanding at the beginning of the exercise	- A | 71,083.675 |
| --- | --- |
| - B | 294,500.131 |
| - F | 39.600 |
| - V | 2,823.354 |
| - W | 1,408.649 |
| Shares issued during the exercise	- A | 252.429 |
| - B | 58,554.286 |
| - F | 333.993 |
| - V | 10,403.209 |
| - W | 0.000 |
| Shares redeemed during the exercise	- A | 4,866.000 |
| - B | 107,391.434 |
| - F | 32.750 |
| - V | 552.194 |
| - W | 0.000 |
| Shares outstanding at the end of the exercise	- A | 66,470.104 |
| - B | 245,662.983 |
| - F | 340.843 |
| - V | 12,674.369 |
| - W | 1,408.649 |

DPAM L BONDS CLIMATE TRENDS SUSTAINABLE
| Shares outstanding at the beginning of the exercise	- A | 3.000,000 |
| --- | --- |
| - B | 1.500,000 |
| - F | 31.500,000 |
| - J | 713,000 |
| - M | 26.415,000 |
| - P | 1.060,000 |
| - W | 0,000 |
| Shares issued during the exercise	- A | 0,000 |
| - B | 3.008,456 |
| - F | 13.100,241 |
| - J | 3.648,000 |
| - M | 26.659,000 |
| - P | 0,000 |
| - W | 113.579,657 |
| Shares redeemed during the exercise	- A | 0,000 |
| - B | 135,198 |
| - F | 5.760,726 |
| - J | 0,000 |
| - M | 1.400,000 |
| - P | 60,000 |
| - W | 6.378,482 |
| Shares outstanding at the end of the exercise	- A | 3.000,000 |
| - B | 4.373,258 |
| - F | 38.839,515 |
| - J | 4.361,000 |
| - M | 51.674,000 |
| - P | 1.000,000 |
| - W | 107.201,175 |

DPAM L BONDS GOVERNMENT SUSTAINABLE*
| Shares outstanding at the beginning of the exercise	- B | 0,000 |
| --- | --- |
| - F | 0,000 |
| - J | 0,000 |
| - M | 0,000 |
| - P | 0,000 |
| Shares issued during the exercise	- B | 950,000 |
| - F | 249.767,805 |
| - J | 3.135,000 |
| - M | 3.440,000 |
| - P | 52,000 |
| Shares redeemed during the exercise	- B | 0,000 |
| - F | 163.025,000 |
| - J | 42,000 |
| - M | 1.125,000 |
| - P | 52,000 |
| Shares outstanding at the end of the exercise	- B | 950,000 |
| - F | 86.742,805 |
| - J | 3.093,000 |
| - M | 2.315,000 |
| - P | 0,000 |

DPAM L CONVERTIBLE WORLD SUSTAINABLE*
*Cfr note 14
| Shares outstanding at the beginning of the exercise	- B | 0,000 |
| --- | --- |
| - F | 0,000 |
| - P | 0,000 |
| Shares issued during the exercise	- B | 100.000,000 |
| - F | 106.850,000 |
| - P | 330,000 |
| Shares redeemed during the exercise	- B | 0,000 |
| - F | 15.150,000 |
| - P | 0,000 |
| Shares outstanding at the end of the exercise	- B | 100.000,000 |
| - F | 91.700,000 |
| - P | 330,000 |

*Cfr note 14
| Sub-Fund | Valuation date | Total Net Assets | Share Class | Shares Outstanding | SHARE VALUE | CCY |
| --- | --- | --- | --- | --- | --- | --- |

| DPAM L LIQUIDITY EUR &FRN (EUR) | 31.12.2018 31.12.2019 07.12.2020* | 95.419.061,20 22.541.115,30 16.708.498,82 | - A | 39.757,634 | 117,25 | EUR |
| --- | --- | --- | --- | --- | --- | --- |
| - B | 12.766,867 | 333,22 | EUR |
| - F | 244.712,333 | 343,37 | EUR |
| - M | 11.159,206 | 117,43 | EUR |
| - N | 1.449,964 | 333,68 | EUR |
| - A | 36.015,888 | 118,54 | EUR |
| - B | 5.365,857 | 337,60 | EUR |
| - F | 42.430,649 | 348,48 | EUR |
| - M | 11.882,206 | 118,94 | EUR |
| - N | 769,991 | 338,53 | EUR |
| - A | 26.649,888 | 117,68 | EUR |
| - B | 4.607,755 | 335,04 | EUR |
| - F | 30.959,470 | 346,36 | EUR |
| - M | 8.856,144 | 118,18 | EUR |
| - N | 769,991 | 336,33 | EUR |

| DPAM L BONDS EUR QUALITY SUSTAINABLE (EUR) | 31.12.2018 31.12.2019 31.12.2020 | 922.377.588,13 1.098.285.247,17 1.453.281.534,99 | - A | 201.996,335 | 142,08 | EUR |
| --- | --- | --- | --- | --- | --- | --- |
| - B | 67.279,250 | 554,22 | EUR |
| - E | 13.598,693 | 419,91 | EUR |
| - F | 368.613,530 | 574,20 | EUR |
| - J | 12.648,881 | 24.330,01 | EUR |
| - M | 509.720,850 | 142,38 | EUR |
| - N | 4.195,896 | 555,50 | EUR |
| - P | 422.072,000 | 601,21 | EUR |
| - W | 4.633,888 | 564,92 | EUR |
| - A | 153.580,271 | 150,10 | EUR |
| - B | 50.194,884 | 591,84 | EUR |
| - E | 10.983,693 | 445,37 | EUR |
| - F | 434.604,339 | 615,58 | EUR |
| - J | 14.155,881 | 26.122,70 | EUR |
| - M | 488.592,691 | 150,95 | EUR |
| - N | 3.265,523 | 595,31 | EUR |
| - P | 500.810,000 | 646,47 | EUR |
| - W | 6.365,583 | 605,39 | EUR |
| - A | 175.040,594 | 151,89 | EUR |
| - B | 56.273,660 | 602,85 | EUR |
| - E | 20.053,693 | 452,50 | EUR |
| - F | 677.589,257 | 629,36 | EUR |
| - J | 20.092,881 | 26.747,59 | EUR |
| - L | 1.913,000 | 552,04 | EUR |
| - M | 608.412,577 | 153,30 | EUR |
| - N | 4.172,735 | 608,38 | EUR |
| - P | 480.699,000 | 662,93 | EUR |
| - W | 6.910,881 | 618,70 | EUR |

*Date of liquidation of the Sub-Fund
| Sub-Fund | Valuation date | Total Net Assets | Share Class | Shares Outstanding | SHARE VALUE | CCY |
| --- | --- | --- | --- | --- | --- | --- |

| DPAM L BONDS UNIVERSALIS UNCONSTRAINED (EUR) | 31.12.2018 31.12.2019 31.12.2020 | 521.833.607,57 953.418.774,25 1.237.465.035,52 | - A | 394.157,432 | 128,71 | EUR |
| --- | --- | --- | --- | --- | --- | --- |
| - B | 310.872,125 | 155,76 | EUR |
| - B CHF | 328,000 | 164,61 | CHF |
| - E | 37.357,518 | 111,58 | EUR |
| - F | 780.484,668 | 161,70 | EUR |
| - J | 5.686,702 | 24.828,01 | EUR |
| - M | 433.691,415 | 129,14 | EUR |
| - N | 32.698,658 | 156,27 | EUR |
| - P | 511.210,000 | 170,80 | EUR |
| - V | 1.191,000 | 137,16 | EUR |
| - W | 15.539,041 | 158,98 | EUR |
| - A | 394.574,174 | 144,06 | EUR |
| - B | 383.675,964 | 177,72 | EUR |
| - B CHF | 328,000 | 181,25 | CHF |
| - E | 292.002,406 | 125,44 | EUR |
| - F | 1.895.720,751 | 185,29 | EUR |
| - J | 6.594,702 | 28.507,10 | EUR |
| - M | 613.052,741 | 145,16 | EUR |
| - N | 31.578,308 | 179,04 | EUR |
| - P | 693.610,000 | 196,50 | EUR |
| - V | 1.208,632 | 154,13 | EUR |
| - W | 117.100,224 | 182,08 | EUR |
| - A | 393.087,761 | 145,65 | EUR |
| - B | 464.736,593 | 181,30 | EUR |
| - B CHF | 328,000 | 184,01 | CHF |
| - E | 171.813,153 | 127,43 | EUR |
| - F | 2.907.916,620 | 189,79 | EUR |
| - J | 7.765,702 | 29.257,42 | EUR |
| - M | 742.892,326 | 147,42 | EUR |
| - N | 34.741,923 | 183,35 | EUR |
| - P | 683.890,000 | 202,08 | EUR |
| - V | 2.897,632 | 156,49 | EUR |
| - W | 216.525,433 | 186,42 | EUR |

| Sub-Fund | Valuation date | Total Net Assets | Share Class | Shares Outstanding | SHARE VALUE | CCY |
| --- | --- | --- | --- | --- | --- | --- |

| DPAM L BONDS HIGHER YIELD (EUR) | 31.12.2018 31.12.2019 31.12.2020 | 167.533.062,34 180.673.248,02 203.342.180,07 | - A | 1.057.928,580 | 83,80 | EUR |
| --- | --- | --- | --- | --- | --- | --- |
| - B | 135.155,551 | 248,05 | EUR |
| - B CHF | 123,392 | 275,07 | CHF |
| - E | 219.108,391 | 94,65 | EUR |
| - F | 13.887,677 | 258,57 | EUR |
| - M | 179.821,999 | 84,11 | EUR |
| - N | 5.165,315 | 248,92 | EUR |
| - P | 136,000 | 260,17 | EUR |
| - V | 9.696,622 | 91,72 | EUR |
| - W | 3.689,402 | 254,10 | EUR |
| - A | 980.576,507 | 91,34 | EUR |
| - B | 127.659,524 | 278,87 | EUR |
| - B CHF | 123,392 | 298,34 | CHF |
| - E | 189.890,858 | 103,64 | EUR |
| - F | 24.262,776 | 292,01 | EUR |
| - M | 160.180,842 | 92,07 | EUR |
| - N | 4.893,381 | 281,00 | EUR |
| - P | 36.486,000 | 295,01 | EUR |
| - V | 8.627,772 | 100,39 | EUR |
| - W | 3.330,452 | 286,86 | EUR |
| - A | 1.011.479,663 | 91,28 | EUR |
| - B | 120.162,670 | 288,74 | EUR |
| - B CHF | 187,899 | 306,88 | CHF |
| - E | 189.890,858 | 104,13 | EUR |
| - F | 98.329,675 | 303,57 | EUR |
| - M | 145.367,532 | 92,46 | EUR |
| - N | 4.447,489 | 292,02 | EUR |
| - P | 33.452,000 | 307,93 | EUR |
| - V | 4.657,002 | 100,82 | EUR |
| - W | 3.796,081 | 298,09 | EUR |

| Sub-Fund | Valuation date | Total Net Assets | Share Class | Shares Outstanding | SHARE VALUE | CCY |
| --- | --- | --- | --- | --- | --- | --- |

| DPAM L BONDS GOVERNMENT SUSTAINABLE HEDGED (EUR) | 31.12.2018 31.12.2019 31.12.2020 | 338.651.013,80 562.120.308,41 792.148.003,56 | - A | 3.795,718 | 1.295,66 | EUR |
| --- | --- | --- | --- | --- | --- | --- |
| - B | 8.699,518 | 1.306,46 | EUR |
| - E | 4.983,000 | 1.322,12 | EUR |
| - F | 151.793,187 | 1.578,85 | EUR |
| - J | 1.794,841 | 25.354,32 | EUR |
| - L | 329,866 | 1.292,48 | EUR |
| - M | 833,465 | 1.298,22 | EUR |
| - N | 284,974 | 1.309,07 | EUR |
| - P | 11.797,590 | 1.619,05 | EUR |
| - V | 164,725 | 1.331,81 | EUR |
| - W | 7.124,556 | 1.321,16 | EUR |
| - A | 2.807,837 | 1.341,67 | EUR |
| - B | 23.188,122 | 1.356,20 | EUR |
| - E | 6.659,713 | 1.372,63 | EUR |
| - F | 210.850,617 | 1.643,96 | EUR |
| - J | 4.926,841 | 26.426,26 | EUR |
| - L | 641,634 | 1.339,83 | EUR |
| - M | 5.134,775 | 1.347,07 | EUR |
| - N | 110,000 | 1.362,65 | EUR |
| - P | 10.021,000 | 1.689,24 | EUR |
| - V | 656,951 | 1.382,07 | EUR |
| - W | 11.034,319 | 1.375,07 | EUR |
| - A | 7.983,746 | 1.383,82 | EUR |
| - B | 25.373,563 | 1.399,45 | EUR |
| - E | 9.141,995 | 1.419,50 | EUR |
| - F | 275.016,528 | 1.700,10 | EUR |
| - J | 6.352,841 | 27.356,05 | EUR |
| - L | 1.391,639 | 1.379,48 | EUR |
| - M | 19.229,585 | 1.392,39 | EUR |
| - N | 170,000 | 1.408.61 | EUR |
| - P | 14.049,000 | 1.750,42 | EUR |
| - V | 2.093,556 | 1.428,59 | EUR |
| - W | 24.449,296 | 1.421,39 | EUR |

| DPAM L EQUITIES CONVICTION RESEARCH (EUR) | 31.12.2018 31.12.2019 31.12.2020 | 63.244.879,19 277.846.817,78 328.420.264,83 | - A | 5.951,310 | 950,99 | EUR |
| --- | --- | --- | --- | --- | --- | --- |
| - B | 20.826,336 | 1.090,38 | EUR |
| - F | 9.307,887 | 91,90 | EUR |
| - J | 316,659 | 23.099,64 | EUR |
| - M | 20.193,219 | 956,96 | EUR |
| - N | 6.732,280 | 1.096,57 | EUR |
| - A | 3.619,590 | 1.156,38 | EUR |
| - B | 15.870,395 | 1.362,75 | EUR |
| - F | 13.807,887 | 115,46 | EUR |
| - J | 5.090,659 | 29.078,86 | EUR |
| - M | 20.369,620 | 1.169,90 | EUR |
| - N | 5.171,705 | 1.377,19 | EUR |
| - P | 2.629,000 | 27.179,96 | EUR |
| - A | 2.421,870 | 1.088,33 | EUR |
| - B | 14.998,025 | 1.323,42 | EUR |
| - F | 26.157,887 | 112,60 | EUR |
| - J | 7.074,659 | 28.410,50 | EUR |
| - M | 22.500,571 | 1.105,43 | EUR |
| - N | 3.776,642 | 1.342,54 | EUR |
| - P | 2.708,000 | 26.607,39 | EUR |

| Sub-Fund | Valuation date | Total Net Assets | Share Class | Shares Outstanding | SHARE VALUE | CCY |
| --- | --- | --- | --- | --- | --- | --- |

| DPAM L BONDS EUR HIGH YIELD SHORT TERM (EUR) | 31.12.2018 31.12.2019 31.12.2020 | 558,331,926.64 523,387,425.04 343,131,780.14 | - A | 244,601.571 | 110.14 | EUR |
| --- | --- | --- | --- | --- | --- | --- |
| - B | 262,265.347 | 134.08 | EUR |
| - E | 146,553.318 | 113.76 | EUR |
| - F | 2,769,267.403 | 138.25 | EUR |
| - F CHF | 3,470.000 | 155.58 | CHF |
| - J | 1,686.153 | 24,647.71 | EUR |
| - L | 7,552.762 | 132.87 | EUR |
| - M | 87,912.263 | 110.43 | EUR |
| - N | 22,420.287 | 134.43 | EUR |
| - P | 129,735.000 | 142.78 | EUR |
| - V | 2,123.841 | 110.91 | EUR |
| - W | 162,364.625 | 136.55 | EUR |
| - A | 216,508.330 | 111.85 | EUR |
| - B | 287,362.455 | 137.55 | EUR |
| - E | 186,623.563 | 115.95 | EUR |
| - F | 2,037,637.520 | 142.33 | EUR |
| - F CHF | 2,300.000 | 154.45 | CHF |
| - J | 2,421.153 | 25,413.33 | EUR |
| - L | 19,439.771 | 135.92 | EUR |
| - M | 143,975.996 | 112.52 | EUR |
| - N | 104,395.209 | 138.33 | EUR |
| - P | 197,397.000 | 147.44 | EUR |
| - V | 1,416.557 | 113.01 | EUR |
| - W | 167,760.683 | 140.53 | EUR |
| - A | 190,086.186 | 108.22 | EUR |
| - B | 174,137.377 | 135.25 | EUR |
| - E | 164,050.909 | 112.59 | EUR |
| - F | 1,155,568.332 | 140.34 | EUR |
| - F CHF | 1,600.000 | 151.48 | CHF |
| - J | 2,525.153 | 25,094.22 | EUR |
| - L | 4,083.403 | 133.17 | EUR |
| - M | 118,700.939 | 109.22 | EUR |
| - N | 93,541.789 | 136.34 | EUR |
| - P | 114,888.000 | 145.81 | EUR |
| - V | 837.387 | 109.70 | EUR |
| - W | 84,253.892 | 138.51 | EUR |

| DPAM L PATRIMONIAL FUND (EUR) | 31.12.2018 31.12.2019 31.12.2020 | 101,756,431.92 102,519,310.22 196,171,263.10 | - A | 340,160.269 | 104.39 | EUR |
| --- | --- | --- | --- | --- | --- | --- |
| - B | 262,479.926 | 116.20 | EUR |
| - E | 1,971.381 | 110.93 | EUR |
| - F | 109,128.825 | 121.15 | EUR |
| - M | 150,829.403 | 104.75 | EUR |
| - N | 55,822.625 | 116.56 | EUR |
| - A | 272,317.685 | 114.88 | EUR |
| - B | 271,497.555 | 129.44 | EUR |
| - E | 1,971.381 | 122.63 | EUR |
| - F | 129,974.656 | 135.55 | EUR |
| - M | 102,473.453 | 115.79 | EUR |
| - N | 48,822.478 | 130.38 | EUR |
| - A | 1,251,223.569 | 113.81 | EUR |
| - B | 265,325.490 | 129.85 | EUR |
| - E | 1,971.381 | 122.12 | EUR |
| - F | 54,328.432 | 136.72 | EUR |
| - M | 56,692.693 | 115.26 | EUR |
| - N | 38,932.667 | 131.45 | EUR |

| Sub-Fund | Valuation date | Total Net Assets | Share Class | Shares Outstanding | SHARE VALUE | CCY |
| --- | --- | --- | --- | --- | --- | --- |

DPAM L BONDS EMERGING MARKETS SUSTAINABLE (EUR)
31.12.2018
31.12.2019
1.344.452.672,28
| - A | 326.604,905 | 99,55 | EUR |
| --- | --- | --- | --- |
| - B | 354.620,856 | 120,85 | EUR |
| - B CHF | 1.292,453 | 134,03 | CHF |
| - B EUR HEDGED | 88.431,699 | 99,74 | EUR |
| - B USD | 219.576,801 | 106,10 | USD |
| - E | 1.710.482,891 | 102,20 | EUR |
| - F | 5.098.830,720 | 124,88 | EUR |
| - F CHF | 75.633,843 | 140,30 | CHF |
| - F USD | 109.221,067 | 113,33 | USD |
| - J | 7.365,809 | 24.925,02 | EUR |
| - L | 25.369,909 | 119,84 | EUR |
| - M | 137.439,966 | 99,96 | EUR |
| - N | 25.772,294 | 121,34 | EUR |
| - N USD | 119.387,000 | 106,11 | USD |
| - P | 651.515,000 | 128,36 | EUR |
| - V EUR HEDGED | 6.790,000 | 100,56 | EUR |
| - W | 396.411,547 | 124,79 | EUR |
| - W EUR HEDGED | 591.129,025 | 100,56 | EUR |
| - W USD | 1.468,698 | 106,34 | USD |

| - A | 669.594,387 | 105,92 | EUR |
| --- | --- | --- | --- |
| - B | 1.071.096,164 | 134,33 | EUR |
| - B CHF | 1.371,268 | 143,28 | CHF |
| - B EUR HEDGED | 27.509,276 | 104,04 | EUR |
| - B USD | 184.421,901 | 115,84 | USD |
| - E | 2.084.820,366 | 109,30 | EUR |
| - F | 6.104.651,980 | 139,47 | EUR |
| - F CHF | 35.410,469 | 151,01 | CHF |
| - F USD | 101.040,162 | 124,29 | USD |
| - J | 9.056,809 | 27.892,51 | EUR |
| - L | 23.678,337 | 132,82 | EUR |
| - M | 355.179,584 | 106,83 | EUR |
| - N | 23.056,684 | 135,46 | EUR |
| - N USD | 115.891,750 | 116,32 | USD |
| - P | 625.204,000 | 143,93 | EUR |
| - V EUR HEDGED | 108.026,000 | 111,00 | EUR |
| - W | 9.200,000 | 100,67 | EUR |
| - W EUR HEDGED | 1.540.340,996 | 139,30 | EUR |
| - W USD | 11.416,000 | 143,66 | USD |

1.965.768.653,09
| 31.12.2020 | 2.684.377.276,46 | - A | 867.376,343 | 98,07 | EUR |
| --- | --- | --- | --- | --- | --- |
|  |  | - B | 1.457.195,298 | 131,52 | EUR |
|  |  | - B CHF | 1.531,268 | 139,37 | CHF |
|  |  | - B USD | 148.192,613 | 123,61 | USD |
|  |  | - E | 2.604.321,632 | 101,69 | EUR |
|  |  | - F | 8.539.804,227 | 137,13 | EUR |
|  |  | - F CHF | 96.019,984 | 148,07 | CHF |
|  |  | - F USD | 2.320.698,168 | 133,21 | USD |
|  |  | - J | 8.874,809 | 27.481,08 | EUR |
|  |  | - L | 22.217,525 | 129,51 | EUR |
|  |  | - M | 374.217,920 | 99,30 | EUR |
|  |  | - N | 30.551,607 | 133,14 | EUR |
|  |  | - N USD | 169.189,252 | 124,62 | USD |
|  |  | - P | 492.513,000 | 142,09 | EUR |
|  |  | - V | 149.315,000 | 109,10 | EUR |
|  |  | - W | 1.816.805,692 | 136,92 | EUR |
|  |  | - W CHF | 7.365,000 | 140,57 | CHF |
|  |  | - W USD | 485.459,126 | 124,85 | USD |

| Sub-Fund | Valuation date | Total Net Assets | Share Class | Shares Outstanding | SHARE VALUE | CCY |
| --- | --- | --- | --- | --- | --- | --- |

| DPAM L BONDS EUR CORPORATE HIGH YIELD (EUR) | 31.12.2018 31.12.2019 31.12.2020 | 76.104.903,15 336.882.124,78 438.302.145,99 | - A | 48.360,752 | 117,40 | EUR |
| --- | --- | --- | --- | --- | --- | --- |
| - B | 25.930,155 | 130,82 | EUR |
| - F | 335.891,603 | 133,99 | EUR |
| - L | 150,141 | 95,80 | EUR |
| - M | 47.825,262 | 117,93 | EUR |
| - N | 325,000 | 131,34 | EUR |
| - P | 114.210,767 | 139,84 | EUR |
| - W | 2.728,415 | 131,69 | EUR |
| - A | 130.316,513 | 127,32 | EUR |
| - B | 170.439,712 | 145,76 | EUR |
| - E | 57.943,841 | 150,04 | EUR |
| - F | 849.273,726 | 150,04 | EUR |
| - J | 3.771,000 | 27.893,04 | EUR |
| - L | 1.254,141 | 106,37 | EUR |
| - M | 154.156,261 | 128,54 | EUR |
| - N | 50,000 | 133,80 | EUR |
| - P | 68.014,767 | 157,22 | EUR |
| - V | 204.425,000 | 110,46 | EUR |
| - W | 6.206,195 | 147,40 | EUR |
| - A | 126.082,857 | 124,22 | EUR |
| - B | 142.745,169 | 146,88 | EUR |
| - E | 56.732,841 | 147,21 | EUR |
| - F | 1.467.378,404 | 151,81 | EUR |
| - J | 3.417,000 | 28.278,73 | EUR |
| - L | 205,141 | 106,75 | EUR |
| - M | 156.165,860 | 125,93 | EUR |
| - N | 120,000 | 135,37 | EUR |
| - P | 88.266,767 | 159,70 | EUR |
| - V | 304.621,000 | 111,72 | EUR |
| - W | 40.939,313 | 149,07 | EUR |

| DPAM L GLOBAL TARGET INCOME (EUR) | 31.12.2018 31.12.2019 31.12.2020 | 74.271.386,59 81.828.024,87 68.706.805,65 | - A | 125.173,248 | 94,55 | EUR |
| --- | --- | --- | --- | --- | --- | --- |
| - B | 103.393,449 | 106,89 | EUR |
| - E | 12.500,000 | 92,02 | EUR |
| - F | 471.098,853 | 103,30 | EUR |
| - M | 16.495,101 | 95,04 | EUR |
| - A | 193.642,633 | 103,59 | EUR |
| - B | 66.520,566 | 120,47 | EUR |
| - E | 12.500,000 | 101,32 | EUR |
| - F | 434.772,626 | 116,99 | EUR |
| - M | 15.495,101 | 104,67 | EUR |
| - A | 244.493,527 | 97,19 | EUR |
| - B | 39.339,417 | 116,76 | EUR |
| - E | 10.000,000 | 95,46 | EUR |
| - F | 332.575,426 | 113,86 | EUR |
| - M | 15.495,101 | 98,65 | EUR |

| Sub-Fund | Valuation date | Total Net Assets | Share Class | Shares Outstanding | SHARE VALUE | CCY |
| --- | --- | --- | --- | --- | --- | --- |

| DPAM L BONDS EUR GOVERNMENT 1-5 (EUR) | 31.12.2018 31.12.2019 07.12.2020* | 36.741.384,61 8.599.230,85 9.691.502,05 | - A | 44.768,000 | 99,68 | EUR |
| --- | --- | --- | --- | --- | --- | --- |
| - B | 98.373,000 | 100,20 | EUR |
| - F | 142.705,885 | 101,23 | EUR |
| - M | 32.513,988 | 99,85 | EUR |
| - N | 3.825,364 | 100,40 | EUR |
| - A | 32.956,000 | 99,73 | EUR |
| - B | 11.735,000 | 100,47 | EUR |
| - F | 10.348,056 | 101,62 | EUR |
| - M | 26.937,006 | 100,10 | EUR |
| - N | 3.825,364 | 100,76 | EUR |
| - A | 31.035,000 | 99,22 | EUR |
| - B | 8.915,000 | 100,05 | EUR |
| - F | 32.630,000 | 101,22 | EUR |
| - M | 23.455,992 | 99,64 | EUR |
| - N | 799,880 | 100,30 | EUR |

| DPAM L BALANCED CONSERVATIVE SUSTAINABLE (EUR) | 31.12.2018 31.12.2019 31.12.2020 | 57.657.308,66 52.340.166,46 57.263.570,42 | - A | 90.601,337 | 98,67 | EUR |
| --- | --- | --- | --- | --- | --- | --- |
| - B | 378.810,068 | 128,61 | EUR |
| - A | 71.083,675 | 110,61 | EUR |
| - B | 294.500,131 | 145,53 | EUR |
| - F | 39,600 | 27.826,47 | EUR |
| - V | 2.823,354 | 110,87 | EUR |
| - W | 1.408,649 | 145,88 | EUR |
| - A | 66.470,104 | 115,82 | EUR |
| - B | 245.662,983 | 153,76 | EUR |
| - F | 340,843 | 29.606,64 | EUR |
| - V | 12.674,369 | 116,90 | EUR |
| - W | 1.408,649 | 155,16 | EUR |

| DPAM L BONDS CLIMATE TRENDS SUSTAINABLE (EUR) | 28.06.2019 31.12.2019 31.12.2020 | 43.990.000,00 51.326.850,94 162.338.262,33 | - A | 4.800,000 | 100,00 | EUR |
| --- | --- | --- | --- | --- | --- | --- |
| - F | 31.500,000 | 100,00 | EUR |
| - J | 516,000 | 25.000,00 | EUR |
| - M | 9.600,000 | 100,00 | EUR |
| - P | 1.060,000 | 25.000,00 | EUR |
| - A | 3.000,000 | 101,13 | EUR |
| - B | 1.500,000 | 101,12 | EUR |
| - F | 31.500,000 | 101,36 | EUR |
| - J | 713,000 | 25.366,54 | EUR |
| - M | 26.415,000 | 101,33 | EUR |
| - P | 1.060,000 | 25.392,23 | EUR |
| - A | 3.000,000 | 103,92 | EUR |
| - B | 4.373,258 | 103,83 | EUR |
| - F | 38.839,515 | 104,62 | EUR |
| - J | 4.361,000 | 26.232,56 | EUR |
| - M | 51.674,000 | 104,54 | EUR |
| - P | 1.000,000 | 26.312,20 | EUR |
| - W | 107.201,175 | 106,30 | EUR |

*Date of liquidation of the Sub-Fund
| Sub-Fund | Valuation date | Total Net Assets | Share Class | Shares Outstanding | SHARE VALUE | CCY |
| --- | --- | --- | --- | --- | --- | --- |

| DPAM L BONDS GOVERNMENT | 24.01.2020* | 98.745.000,00 | - F | 193.700,000 | 100,00 | EUR |
| --- | --- | --- | --- | --- | --- | --- |
| SUSTAINABLE |  |  | - J | 3.135,000 | 25.000,00 | EUR |
| (EUR) |  |  | - P | 40,000 | 25.000,00 | EUR |
|  | 31.12.2020 | 86.938.604,94 | - B | 950,000 | 99,88 | EUR |
|  |  |  | - F | 86.742,805 | 100,63 | EUR |
|  |  |  | - J | 3.093,000 | 25.180,37 | EUR |
|  |  |  | - M | 2.315,000 | 100,08 | EUR |

| DPAM L CONVERTIBLE WORLD SUSTAINABLE (EUR) | 30.10.2020* 31.12.2020 | 4.420.000,000 28.867.491,23 | - F | 44.200,000 | 100,00 | EUR |
| --- | --- | --- | --- | --- | --- | --- |
| - B | 100.000,000 | 101,93 | EUR |
| - F | 91.700,000 | 108,10 | EUR |
| - P | 330,000 | 26.552,74 | EUR |

*Date of creation of the Sub-Fund
| NOTE 1 - ACCOUNTING PRINCIPLES AND METHODS |
| --- |
| The financial statements are prepared in accordance with Luxembourg generally accepted accounting principles. |
| a) Securities portfolio valuation |
| - The value of cash on hand or on deposit, bills and notes payable on sight and accounts receivable, prepaid expenses, dividends and interest declared or matured and not yet received shall be the nominal value of such assets, except where it is unlikely that such value can be received; in the latter case, the value shall be determined by deducting such amount as the SICAV considers appropriate to reflect the real value of such assets.
- The value of all transferable securities, money market instruments and derivative financial instruments which are listed on an exchange or traded on any other regulated market, which operates on a regular basis, is recognised and open to the public shall be determined according to their last available price.
- In cases where investments of the SICAV are listed on a stock exchange or traded on another regulated market, which operates on a regular basis, is recognised and open to the public and traded by market makers outside the stock exchange on which the investments are listed or the market on which they are traded, the Board of Directors may determine the principal market for the investments in question, which will then be valued at the last price available on that market.
- Derivative financial instruments that are not listed on an official stock exchange or traded on any other regulated market, which operates on a regular basis and is recognised and open to the public, will be valued in accordance with market practice, as further described in the Prospectus.
- The value of the representative securities of any open-ended Collective Investment Scheme shall be determined according to the last official Net Asset Value per unit or according to the last estimated Net Asset Value if the latter is more recent than the official Net Asset Value, provided that the SICAV is satisfied that the valuation method used for this estimate is consistent with that used to calculate the official Net Asset Value.
- To the extent that:
	- the transferable securities, money market instruments and/or derivative financial instruments in the portfolio on the Valuation Day are not listed or traded on a stock exchange or other regulated market that operates regularly, is recognised and open to the public or,
	- for transferable securities, time deposits, money market instruments, derivative financial instruments and/or securities representing Collective Investment Schemes listed and traded on an exchange or other market but for which the price determined in accordance with paragraphs 1) and 2) is not, in the opinion of the Board of Directors, representative of the real value of such transferable securities, time deposits, money market instruments, derivative financial instruments and/or securities representing Collective Investment Schemes the Board of Directors assesses the value with prudence and good faith.

 |
| b) Net realised profit or loss on investments |
| The net realised profit or loss on sales of securities are calculated based on the average cost of the securities sold. |
| c) Acquisition cost of the securities in the portfolio |
| For securities denominated in currencies other than the sub-fund's currency, the acquisition cost is calculated on the basis of the exchange rate in force on the day of purchase. |

| d) Change in the net unrealised appreciation or depreciation |
| --- |
| The change in the net unrealised appreciation or depreciation on investments at the end of the financial year is included in operating income. |
| e) Income, expenditure and related provisions |
| Interest is recorded daily and dividends are recorded on the "ex-date". Interest and income are recorded net of non-recoverable withholding taxes. |
| f) Formation expenses |
| Formation expenses are amortized on a straight-line basis over a period of five years. If a sub-fund is launched after the launch date of the SICAV, the formation expenses relating to the launch of the new sub-fund will be charged to that sub-fund alone and may be amortised over a maximum period of five years from the date of launch of that sub-fund. |
| g) Change in the securities portfolio |
| The table of changes in the sub-funds' securities portfolio is available free of charge at the Sicav's registered office. |
| h) Conversion of foreign currencies |
| The SICAV’s accounts are kept in euro. Bank deposits, other net assets and the stock market value of securities in the portfolio in currencies other than the euro are converted into euro at the exchange rate valid on the closing date. Revenue and expenditure in currencies other than the euro are translated into euros at the exchange rate in force on the date of payment. |
| i)  Combined financial statements |
| The combined financial statements of the SICAV are drawn up in EUR and are equal to the sum of the corresponding headings in the financial statements of each sub-fund. |
| j)  Crossed Investments |
| Cross-investments between the Sub-Funds of the SICAV have not been subtracted from the combined statement of net assets. As at 31 December 2020, the total amount of cross-investments is EUR 45,984,907.42 and  therefore  the  combined  net  assets  without  cross-investments  is EUR 8,034,769,312.81. |
| NOTE 2 - EXCHANGE RATE |
| 1  EUR	=	1.08155 CHF 1  EUR	=	1.22355 USD |


## NOTE 3 - TAXES AND EXPENSES PAYABLE
| Performance fee | 197,700.54 | EUR |
| --- | --- | --- |
| Management fee | 6,137,237.99 | EUR |
| Depositary fees | 460,471.94 | EUR |
| Subscription tax | 388,521.11 | EUR |
| Miscellaneous fees | 2,290,740.80 | EUR |
| Total | 9,474,672.38 | EUR |

NOTE 4 - SUBSCRIPTION, REDEMPTION AND CONVERSION FEES
Subscription fee
Subscriptions in the Sub-Funds are accepted on the basis of the Net Asset Value on the Valuation Day, plus an entry fee at the below rates to be paid to the agents active in distribution and placing of shares :
| Share Class | Subscription fee |
| --- | --- |
| A | Max. 2% |
| B, B CHF, B EUR HEDGED, B USD HEDGED | Max. 2% |
| E | Max. 1% |
| F, F CHF, F USD | Max. 1% |
| J | 0% |
| L | Max. 2% |
| M, M USD | Max. 1% |
| N, N USD | Max. 1% |
| P | 0% |
| V, V EUR HEDGED | Max. 2% |
| W, W CHF, W W EUR HEDGED, W USD | Max. 2% |
| Z | 0% |

Conversion fee
Difference between the respective entry fees of the sub-funds in question, if the entry fee of the sub- fund from which investment is withdrawn is less than the entry fee of the sub-fund into which investment is made, payable to the placement agents and/or distributors.

## NOTE 5 - MANAGEMENT FEE AND PERFORMANCE FEE
La SICAV a désigné DEGROOF PETERCAM ASSET SERVICES S.A. en tant que société de gestion (la "Société de Gestion"). La Société de Gestion a délégué, sous sa responsabilité et son contrôle, la gestion de tous les compartiments de la SICAV à DEGROOF PETERCAM ASSET MANAGEMENT S.A./N.V., à l'exception du compartiment DPAM L CONVERTIBLE WORLD SUSTAINABLE géré par DEGROOF PETERCAM ASSET MANAGEMENT FRANCE.
Le Gestionnaire perçoit mensuellement une commission de gestion (commission à charge du compartiment) aux taux indiqués ci-dessous :
| Sub-Funds | Share Classes Issued | Management Fees (%) |
| --- | --- | --- |
| DPAM L LIQUIDITY EUR&FRN | A, B, B CHF | Max. 0,200% p.a. |
| (until 7 December 2020) | E, F, F CHF, M, N, V, W | Max. 0,100% p.a. |
|  | J | Max. 0,050% p.a. |
|  | P | 0% p.a. |
| DPAM L BALANCED CONSERVATIVE SUSTAINABLE | A, B | Max. 1,000% p.a. |
| E, F, M, N, V, W | Max. 0,500% p.a. |
| DPAM L BONDS CLIMATE TRENDS SUSTAINABLE | A, B, | Max. 0,800% p.a. |
| E, F, M, N, V, W, | Max. 0,400% p.a. |
| J | Max. 0,200% p.a. |
| L | Max. 1,200% p.a. |
| P | 0% p.a. |
| DPAM L BONDS EMERGING MARKETS SUSTAINABLE | A, B, B CHF, B EUR Hedged, B USD | Max. 0,800% p.a. |
| E, F, F CHF, F USD, M, M USD, N, N USD, V, V EUR Hedged, W, W CHF, W EUR Hedged, W USD | Max. 0,400% p.a. |
| J | Max. 0,200% p.a. |
| L | Max. 1,200% p.a. |
| P | 0% p.a. |
| DPAM L BONDS EUR CORPORATE HIGH YIELD | A, B | Max. 0,800 % p.a. |
| E, F, M, N, V, W | Max. 0,400 % p.a. |
| J | Max. 0,200% p.a. |
| L | Max. 1,200% p.a. |
| P | 0% p.a. |
| DPAM L BONDS EUR HIGH YIELD SHORT TERM | A, B, B CHF | Max. 0,600% p.a. |
| B LC | Max 1,200% p.a. |
| E, F, F CHF, M, N, V, W | Max. 0,300% p.a. |
| F LC | Max 0,600% p.a. |
| J | Max. 0,150% p.a. |
| L | Max. 0,900% p.a. |
| P | 0% p.a. |
| DPAM L BONDS EUR QUALITY SUSTAINABLE | A, B, B CHF, B USD Hedged | Max. 0,600% p.a. |
| B LC | Max. 1,200% p.a. |
| E, F, F CHF, M, N, V et W | Max. 0,300% p.a. |
| F LC | Max. 0,600% p.a. |
| J | Max. 0,150% p.a. |
| L | Max. 0,900% p.a. |
| P | 0% p.a. |
| DPAM L BONDS GOVERNMENT SUSTAINABLE | A, B, B CHF | Max. 0,400% p.a. |
| B LC | Max. 1,200% p.a. |
| E, F, F CHF, M, N, V, W | Max. 0,200% p.a. |
| F LC | Max. 0,600% p.a. |
| L | Max. 0,600% p.a. |
| J, Z | Max. 0,100% p.a. |
| P | 0% p.a. |
| DPAM L BONDS GOVERNMENT SUSTAINABLE HEDGED | A, B, B CHF | Max. 0,400% p.a. |

|  | B LC | Max. 1,200% p.a. |
| --- | --- | --- |
| E, F, F CHF, M, , N, V, W | Max. 0,200% p.a. |
| F LC | Max. 0,600% p.a. |
| L | Max. 0,600% p.a. |
| J, Z | Max. 0,100% p.a. |
| P | 0% p.a. |
| DPAM L BONDS HIGHER YIELD | A, B, B CHF | Max. 0,800% p.a. |
| B LC | Max. 1,200% p.a. |
| E, F, F CHF, M, N, V, W | Max. 0,400% p.a. |
| F LC | Max. 0,600% p.a. |
| J | Max. 0,200% p.a. |
| L | Max. 1,200% p.a. |
| P | 0% p.a. |
| DPAM L BONDS UNIVERSALIS UNCONSTRAINED | A, B, B CHF | Max. 0,750% p.a. |
| B LC | Max. 1,200% p.a. |
| E, F, F CHF, V, W | Max. 0,400% p.a. |
| F LC | Max. 0,600% p.a. |
| J | Max. 0,200% p.a. |
| M, N | Max. 0,375% p.a. |
| L | Max. 1,150% p.a. |
| P | 0% p.a. |
| DPAM L CONVERTIBLE WORLD SUSTAINABLE | A, B, | Max. 1,20% p.a. |
| E, F, M, N, V, W, | Max. 0,60% p.a. |
| J | Max. 0,30% p.a. |
| L | Max. 1,80% p.a. |
| P | Max. 0% p.a. |
| DPAM L EQUITIES CONVICTION RESEARCH | A, B, B CHF | Max. 1,50% p.a. |
| E, F, F CHF, M, N, V, W | Max. 0,750% p.a. |
| J | Max. 0,375% p.a. |
| P | 0% p.a. |
| DPAM L GLOBAL TARGET INCOME | A, B | Max. 0,850% p.a. |
| E, F, V, W | Max. 0,450% p.a. |
| M, N | Max. 0,425% p.a. |
| P | 0% p.a. |
| DPAM L BONDS EUR GOVERNMENT 1-5 | A, B | Max. 0,300% p.a. |
| (until 7 December 2020) | E, F, M, N, V, W | Max. 0,150% p.a. |
|  | J | Max. 0,075% p.a. |
|  | L | Max. 0,450% p.a. |
|  | P | 0% p.a. |
| DPAM L PATRIMONIAL FUND | A, B, B CHF | Max. 1,000% p.a. |
| E, F, F CHF, M, N, V, W | Max. 0,500% p.a. |
| P | 0% p.a. |

The performance fee is calculated on the positive difference between the last calculated Net Asset Value and the highest Net Asset Value of all previous Net Asset Value figures multiplied by the number of shares in circulation on the day of the last Net Asset Value. No performance fee shall be due for as long as the last calculated Net Asset Value is lower than the highest Net Asset Value of all previous Net Asset Value figures.
For the Sub-Fund DPAM L EQUITIES CONVICTION RESERACH, the Manager is entitled to a performance fee which is calculated as follows:
1. For each NAV when the performance of the sub-fund exceeds the benchmark index (MSCI Europe Net Return denominated in EUR - code Bloomberg MSDEE15N) (the "Benchmark"), a fee of 20% of the outperformance is due under the conditions set in paragraph 3.
| - The performance of the sub-fund is equivalent to the difference between the latest NAVcalculated and the highest NAV (plus the latest performance fee, and, where applicable, adjusted for any distribution) of all previous NAVs.
- The performance fee is due only if the performance of the sub-fund per share, as defined above, is positive and exceeds that of the Benchmark, adjusted, as necessary, for any distribution. In this case, in order to determine the performance fee, the performance fee rate is applied to the difference between (i) the latest NAV per share calculated and (ii) the higher of (ii.a) the highest NAV (plus the latest performance fee, and, where applicable, adjusted for any distribution) of all previous NAVs or (ii.b) the Benchmark, adjusted, where applicable, for any distribution, multiplied by the number of shares in issue at the date of the latest NAV.
 The performance fee calculated during each calculation of the Net Asset Value is due to the Manager and payable in the month following the end of each month. For the Sub-Fund DPAM L PATRIMONIAL FUND, the Manager is entitled, where applicable, to a performance fee calculated as follows: - For each NAV when the performance of the sub-fund exceeds the benchmark index (EURIBOR 3M, Bloomberg code EUR003M) (the "hurdle rate"), a fee of 10% of the outperformance is due under the conditions set in paragraph 3.
- The performance of the sub-fund is equivalent to the difference between the latest NAV calculated and the highest NAV (plus the latest performance fee, and, where applicable, adjusted for any distribution) of all previous NAVs.
- The performance fee is due only if the performance of the sub-fund per share, as defined above, is positive and exceeds the hurdle rate, adjusted, as necessary, for any distribution. In this case, in order to determine the performance fee, the performance fee rate is applied to the difference between (i) the latest NAV per share calculated and (ii) the higher of (ii.a) the highest NAV (plus the latest performance fee, and, where applicable, adjusted for any distribution) of all previous NAVs or (ii.b) the hurdle rate, adjusted, where applicable, for any distribution, multiplied by the number of shares in issue at the date of the latest NAV.
 The performance fee calculated during each calculation of the Net Asset Value is due to the Manager and payable in the month following the end of each month. |
| --- |
| NOTE 6 - SUBSCRIPTION TAX |
| The SICAV is governed by Luxembourg law. Pursuant to the legislation and regulations in force, the SICAV is subject to an annual subscription tax ("taxe d’abonnement") of 0.05% which is payable quarterly and calculated on the basis of the net assets of each Sub-Fund on the last day of each quarter. However, for the relevant Sub-Funds, a reduced rate of 0.01% is applied to classes of shares reserved for institutional investors. Pursuant to Article 175(a) of the law of 17 December 2010, the net assets invested in Undertakings for Collective Investment already subject to the "taxe d’abonnement" are exempt from this tax. |

| NOTE 7 - BELGIAN ANNUAL TAX |
| --- |
| Articles 161 to 162 of the Belgian inheritance tax code, as amended by the Belgian Law of 22 December 2003, impose the payment on Undertakings for Collective Investment formally authorised to market their services in Belgium of an annual tax of 0.08% on the total net amount subscribed in Belgium as at 31 December of the preceding year, starting at the date of their registration with the "Autorité des Services et Marchés Financiers" ("FSMA"). The aforementioned amended Articles 161 to 162 came into force on 1 January 2004. The SICAV is required to pay this tax on 31 March of each year. On 13 May 2004, the SICAV made a complaint against the Belgian state to European Commission to ask for the cancellation of the obligation to pay the annual fee and the refund of taxes already paid. On 16 December 2010, the SICAV made an updated complaint to the European Commission. The legal costs of this complaint are borne by the SICAV. On 9 February 2006, the SICAV has summoned the Belgian state for the restitution fee in front of the Court of First Instance in Brussels. The SICAV continued to instruct the Belgian state in order to obtain the refund of this tax paid for the following exercises, without favourable continuation. From then on, it prepares cases quotations in front of the court for these exercises. In two similar cases, the Court of First Instance in Brussels ruled at the end of 2011 and during 2012 that this tax infringes an article of the Double Tax Avoidance Agreement between Belgium and Luxembourg and infers from this that it may not be imposed. The Belgian government has appealed against these rulings. In accordance with the judgement delivered by the Brussels Court of Appeal on 23 October 2014, the Court of Appeal shall stay proceedings and submit various preliminary matters to the European Court of Justice. The Law of 17 June 2013 relating to fiscal and financial provisions, and provisions relating to sustainable development (Belgian Moniteur 28 June 2013) changed the rate of the annual tax on undertakings for collective investment, established by Article 161a of the Inheritance Tax Code, to 0.0965% with effect from 1 January 2013 and 0.0925% with effect from 1 January 2014. |
| NOTE 8 - "SWING PRICING" |
| Swing pricing has been identified as a possible means of protecting a fund’s performance and thus the interest of existing investors from the dilution effect of frequent trading implied by large net in- or outflows. Swing pricing protects the long-term investors in a fund as an investor can only be impacted by the swing pricing the day he subscribes or redeems. Only one NAV is reported for all external performance and comparison purposes, as well as for execution of subscription, redemption and switch orders. Therefore if swing pricing is activated it is the swung price that is reported. The benefit of swinging the NAV is realized by the fund and in the case of a multi-share class fund, is attributed to all of the fund’s share classes on the same basis as with any fund level revenue or capital item. The swing mechanism applied is the partial swing (swing pricing with a trigger threshold). The NAV is swung but only when the pre-defined swing threshold is exceeded. |

Swing threshold
The net value of subscription, redemption and switch orders received by the transfer agent for a single fund on any one trading day, expressed as a percentage of the NAV, required to trigger the NAV swing process. The Board of Directors of the fund determines by Circular Resolution the applicable threshold, taking into account the impact of adjustment on the volatility of the NAV. The threshold is reviewed periodically.
Swing factor
A swing factor is the amount, expressed as a percentage, by which the NAV is adjusted in order to protect existing investors in a fund from the cost of trading securities as a result of capital activity. The swing factor is triggered as a result of capital activity exceeding a pre-defined threshold for partial swing. The swing factor value will be determined by the Board of Directors and may vary from one sub-fund to the next without, however, exceeding 3% of the unadjusted NAV.
The swing factor is monitored and calculated on an ongoing basis by the Risk Management department of DPAS.
The factor is determined under normal and usual market conditions on the basis of the weighted average of the bid-ask spread of each individual portfolio position.
The applicable swing factor will be amended when the most recent calculated swing factor exceeds the previous swing factor validated by the Board of Directors by more than the fixed threshold of 10 bps. In this case the escalation procedure will be applied and the swing factor will be approved by the fund's Board of Directors by a Circular Resolution and updated for the funds concerned.
All the data related to the determination and review of the swing factors and thresholds is archived electronically on the DPAS database.
The direction of the swing depends on the net flow of capital applicable to a NAV. In the case of a net inflow of capital, the swing factor linked to subscriptions of shares in the sub-fund will be added to the NAV. For net redemptions, the swing factor linked to redemptions of shares in the sub-fund in question will be deducted from the NAV. In both cases, all entering/exiting investors on a given date will have the same NAV applied.
The fees generated are included in the item "Fees and commissions on subscriptions and redemptions" in the Statement of Operations and Other Changes in Net Assets.
For the current period, swing pricing was applied to the net asset values of the following sub-funds:
| Sub-Funds |
| --- |
| DPAM L LIQUIDITY EUR&FRN |
| DPAM L BONDS EUR QUALITY SUSTAINABLE |
| DPAM L BONDS HIGHER YIELD |
| DPAM L BONDS UNIVERSALIS UNCONSTRAINED |
| DPAM L BONDS GOVERNMENT SUSTAINABLE HEDGED |
| DPAM L BONDS EUR HIGH YIELD SHORT TERM |
| DPAM L BONDS EMERGING MARKETS SUSTAINABLE |
| DPAM L BONDS EUR CORPORATE HGH YIELD |
| DPAM L BONDS EUR GOVERNMENT 1-5 |
| DPAM L BALANCED CONSERVATIVE SUSTAINABLE |
| DPAM L BONDS CLIMATE TRENDS SUSTAINABLE |
| DPAM L BONDS GOVERNMENT SUSTAINABLE |


## NOTE 9 - FORWARD FOREIGN EXCHANGE CONTRACTS
As at 31 December 2020, the following Sub-Funds of the SICAV are committed in the following forward foreign exchange contracts ith Banque Degroof Petercam Luxembourg S.A.:

#### DPAM L BONDS HIGHER YIELD :
| Maturity | Currency Purchase | Nominal Purchased | Currency Sold | Nominal Sold | +/- Unrealised Value ( IN  EUR) | Commitments ( IN  EUR) |
| --- | --- | --- | --- | --- | --- | --- |
|  |
| 06/01/2021 | EUR | 5,786,223.83 | USD | 7,000,000.00 | 65,986.23 | 5,721,057.30 |
| 05/01/2021 | EUR | 14,261,505.68 | USD | 17,000,000.00 | 369,168.19 | 13,893,996.30 |
|  |  |  |  | Total | 435,154.42 | 19,615,053.60 |

Under these OTC derivative contracts, there is no collateral held with the counterparty Banque Degroof Petercam Luxembourg S.A..

#### DPAM L BONDS GOVERNMENT SUSTAINABLE HEDGED :
| Maturity | Currency Purchase | Nominal Purchased | Currency Sold | Nominal Sold | +/- Unrealised Value ( IN  EUR) | Commitments ( IN  EUR) |
| --- | --- | --- | --- | --- | --- | --- |
|  |
| 15/01/2021 | EUR | 68,390,554.23 | AUD | 114,600,000.00 | -3,870,168.54 | 72,275,481.06 |
| 15/01/2021 | EUR | 2,959,962.80 | AUD | 4,800,000.00 | -66,664.33 | 3,027,245.28 |
| 15/01/2021 | EUR | 2,714,541.30 | AUD | 4,400,000.00 | -59,866.90 | 2,774,974.84 |
| 15/01/2021 | EUR | 72,716,770.43 | CAD | 113,300,000.00 | 48,478.50 | 72,684,114.03 |
| 15/01/2021 | EUR | 3,384,601.37 | CAD | 5,200,000.00 | 49,428.22 | 3,335,899.32 |
| 15/01/2021 | EUR | 2,899,690.06 | CAD | 4,500,000.00 | 13,482.53 | 2,886,835.95 |
| 15/01/2021 | EUR | 17,652,992.60 | CHF | 18,900,000.00 | 176,178.60 | 17,474,921.10 |
| 15/01/2021 | EUR | 17,531,608.35 | CZK | 477,000,000.00 | -626,813.10 | 18,163,110.60 |
| 15/01/2021 | EUR | 37,294,033.09 | DKK | 277,600,000.00 | 17,675.26 | 37,294,532.88 |
| 15/01/2021 | EUR | 3,666,201.12 | DKK | 27,300,000.00 | 334.52 | 3,667,653.99 |
| 15/01/2021 | EUR | 7,390,039.57 | DKK | 55,000,000.00 | 4,594.04 | 7,389,046.50 |
| 15/01/2021 | NZD | 14,000,000.00 | EUR | 8,192,212.72 | 43,756.96 | 8,238,202.00 |
| 15/01/2021 | NZD | 10,000,000.00 | EUR | 5,869,233.48 | 13,597.19 | 5,884,430.00 |
| 15/01/2021 | CZK | 130,000,000.00 | EUR | 4,915,493.22 | 32,798.32 | 4,950,114.00 |
| 15/01/2021 | CZK | 347,000,000.00 | EUR | 13,150,913.36 | 57,207.42 | 13,212,996.60 |
| 15/01/2021 | NZD | 3,600,000.00 | EUR | 2,113,147.30 | 4,671.68 | 2,118,394.80 |
| 15/01/2021 | EUR | 5,966,850.83 | GBP | 5,400,000.00 | -64,950.06 | 6,032,845.44 |
| 15/01/2021 | EUR | 58,966,545.29 | GBP | 53,600,000.00 | -904,663.56 | 59,881,576.96 |
| 15/01/2021 | EUR | 5,770,692.65 | GBP | 5,200,000.00 | -37,708.21 | 5,809,406.72 |
| 15/01/2021 | EUR | 23,487,501.56 | JPY | 2,920,800,000 | 369,217.09 | 23,121,231.71 |
| 15/01/2021 | EUR | 815,181.95 | JPY | 100,000,000 | 23,676.73 | 791,606.13 |
| 15/01/2021 | EUR | 19,046,749.45 | NOK | 208,600,000.00 | -860,515.05 | 19,912,184.18 |
| 15/01/2021 | EUR | 5,170,854.43 | NOK | 55,000,000.00 | -77,944.93 | 5,250,096.50 |
| 15/01/2021 | EUR | 74,946,317.33 | NZD | 134,200,000.00 | -4,010,102.93 | 78,969,050.60 |
| 15/01/2021 | EUR | 29,784,768.90 | SEK | 309,000,000.00 | -962,373.31 | 30,750,845.70 |
| 15/01/2021 | EUR | 4,673,738.94 | SEK | 48,000,000.00 | -102,516.16 | 4,776,830.40 |

|  |  |  |  | Total | -10,789,190.02 | 510,673,627.28 |
| --- | --- | --- | --- | --- | --- | --- |

Under these OTC derivative contracts, the sub-fund maintained a collateral of EUR 8,540,000.00 with Banque Degroof Petercam Luxembourg S.A. in favour of the counterparty at the end of the year. The purpose of this cash collateral is to fully cover the counterparty against the risk of a possible default by the sub-fund, as there is no margin call.

#### DPAM L PATRIMONIAL FUND :
| Maturity | Currency Purchase | Nominal Purchased | Currency Sold | Nominal Sold | +/- Unrealised Value ( IN  EUR) | Commitments ( IN  EUR) |
| --- | --- | --- | --- | --- | --- | --- |
|  |
| 31/03/2021 | EUR | 11,391,931.26 | USD | 14,000,000.00 | -25,890.05 | 11,442,114.60 |
| Total | -25,890.05 | 11,442,114.60 |

Under these OTC derivative contracts, there is no collateral held with the counterparty Banque Degroof Petercam Luxembourg S.A..

#### DPAM L BONDS EMERGING MARKETS SUSTAINABLE :
| Maturity | Currency Purchase | Nominal Purchased | Currency Sold | Nominal Sold | +/- Unrealised Value ( IN  EUR) | Commitments ( IN  EUR) |
| --- | --- | --- | --- | --- | --- | --- |
|  |
| 0/40/2012 | EUR | 54,800.30 | CHF | 59,272.00 | -4.84 | 54,802.83 |
| 28/05/2021 | USD | 5,960,630.04 | GHS | 40,000,000.00 | -359,546.16 | 10,445,606.57 |
| 17/03/2021 | EUR | 7,023,655.67 | HUF | 2,500,000,000.00 | 143,852.67 | 6,893,000.00 |
| 17/03/2021 | EUR | 28,071,751.40 | HUF | 10,000,000,000.00 | 552,539.40 | 27,572,000.00 |
| 13/01/2021 | USD | 36,411,784.18 | IDR | 550,000,000,000.00 | -2,195,260.36 | 61,769,129.10 |
| 13/01/2021 | USD | 29,701,941.02 | MXN | 600,000,000.00 | -304,222.82 | 48,885,715.21 |
| 13/01/2021 | USD | 24,804,663.28 | PHP | 1,200,000,000.00 | -129,088.80 | 40,695,019.99 |
| 17/03/2021 | EUR | 21,938,388.23 | PLN | 100,000,000.00 | 28,543.65 | 21,934,880.00 |
| 17/03/2021 | EUR | 25,470,179.51 | RON | 125,000,000.00 | -42,983.73 | 25,680,800.00 |
| 13/01/2021 | USD | 19,736,842.11 | THB | 600,000,000.00 | -233,087.68 | 32,498,500.66 |
| 13/01/2021 | BRL | 180,000,000.00 | USD | 32,944,707.80 | 1,380,080.99 | 55,248,094.72 |
| 13/01/2021 | IDR | 100,000,000,000.00 | USD | 7,027,406.89 | 66,265.56 | 11,563,456.78 |
| 17/03/2021 | BRL | 75,000,000.00 | USD | 14,250,969.07 | 131,318.75 | 23,448,307.59 |
| 13/01/2021 | PHP | 1,200,000,000.00 | USD | 24,919,013.21 | 34,784.56 | 40,788,477.49 |
| 17/03/2021 | BRL | 125,000,000.00 | USD | 24,630,541.87 | -500,866.56 | 39,798,854.12 |
| 17/03/2021 | EUR | 24,754,517.70 | USD | 30,000,000.00 | 279,665.60 | 24,518,817.00 |
| 13/01/2021 | BRL | 50,000,000.00 | USD | 9,106,141.18 | 420,293.48 | 15,309,778.64 |
| 17/03/2021 | INR | 1,500,000,000.00 | USD | 20,123,693.64 | 169,606.03 | 33,225,222.06 |
| 17/03/2021 | BRL | 125,000,000.00 | USD | 24,141,061.05 | -100,042.95 | 39,398,804.44 |
| 13/01/2021 | COP | 40,000,000,000.00 | USD | 10,632,303.06 | 848,144.35 | 18,245,716.43 |
| 13/01/2021 | COP | 40,000,000,000.00 | USD | 10,468,217.18 | 982,555.31 | 18,111,610.05 |
| 13/01/2021 | MXN | 400,000,000.00 | USD | 19,559,041.41 | 399,754.54 | 32,392,485.23 |
| 13/01/2021 | MXN | 200,000,000.00 | USD | 9,070,747.29 | 779,941.70 | 15,616,966.43 |
| 13/01/2021 | BRL | 45,000,000.00 | USD | 8,442,301.56 | 176,449.47 | 13,980,488.07 |
| 28/05/2021 | GHS | 40,000,000.00 | USD | 6,389,776.36 | 6,784.15 | 10,796,345.24 |
| 13/01/2021 | JPY | 4,000,000,000 | USD | 38,246,036.75 | 410,551.74 | 62,922,497.55 |
| 20/01/2021 | EUR | 2,021,304.55 | ZAR | 40,000,000.00 | -196,340.67 | 2,225,628.00 |
| 17/03/2021 | EUR | 10,620,474.68 | ZAR | 200,000,000.00 | -386,243.90 | 11,128,140.00 |
| 13/01/2021 | EUR | 18,068,992.58 | ZAR | 350,000,000.00 | -1,359,800.09 | 19,474,245.00 |

| 13/01/2021 | USD | 24,329,420.35 | ZAR | 400,000,000.00 | -2,327,104.09 | 42,140,566.84 |
| --- | --- | --- | --- | --- | --- | --- |
| 13/01/2021 | USD | 12,050,443.16 | ZAR | 200,000,000.00 | -1,256,941.78 | 20,976,893.69 |
|  |  |  |  | Total | -2,580,402.48 | 827,740,849.74 |

Under these OTC derivative contracts, there is no collateral held with the counterparty Banque Degroof Petercam Luxembourg S.A..

#### DPAM L BONDS GOVERNMENT SUSTAINABLE :
| Maturity | Currency Purchase | Nominal Purchased | Currency Sold | Nominal Sold | +/- Unrealised Value ( IN  EUR) | Commitments ( IN  EUR) |
| --- | --- | --- | --- | --- | --- | --- |
|  |
| 15/01/2021 | EUR | 2,327,427.24 | AUD | 3,900,000.00 | -131,707.30 | 2,459,636.79 |
| 15/01/2021 | EUR | 308,470.60 | AUD | 500,000.00 | -6,803.06 | 315,338.05 |
| 15/01/2021 | EUR | 2,567,229.32 | CAD | 4,000,000.00 | 1,711.51 | 2,566,076.40 |
| 15/01/2021 | EUR | 322,187.78 | CAD | 500,000.00 | 1,498.05 | 320,759.55 |
| 15/01/2021 | JPY | 350,000,000 | EUR | 2,814,511.62 | -44,448.43 | 2,770,621.44 |
| 15/01/2021 | CHF | 2,550,000.00 | EUR | 2,381,752.97 | -23,807.25 | 2,357,727.45 |
| 15/01/2021 | NZD | 1,500,000.00 | EUR | 877,362.30 | 5,063.12 | 882,664.50 |
| 15/01/2021 | NZD | 3,000,000.00 | EUR | 1,760,770.04 | 4,079.16 | 1,765,329.00 |
| 15/01/2021 | EUR | 3,212,356.57 | GBP | 2,920,000.00 | -49,283.91 | 3,262,205.31 |
| 15/01/2021 | EUR | 517,085.44 | NOK | 5,500,000.00 | -7,794.50 | 525,009.65 |
| 15/01/2021 | EUR | 3,909,271.40 | NZD | 7,000,000.00 | -209,170.79 | 4,119,101.00 |
|  |  |  |  | Total | -460,663.40 | 21,344,469.14 |

Under these OTC derivative contracts, there is no collateral held with the counterparty Banque Degroof Petercam Luxembourg S.A..

#### DPAM L CONVERTIBLE WORLD SUSTAINABLE :
| Maturity | Currency Purchase | Nominal Purchased | Currency Sold | Nominal Sold | +/- Unrealised Value ( IN  EUR) | Commitments ( IN  EUR) |
| --- | --- | --- | --- | --- | --- | --- |
|  |
| 31/03/2021 | EUR | 958,007.34 | HKD | 9,000,000.00 | 11,392.20 | 948,641.40 |
| 31/03/2021 | EUR | 434,027.78 | HKD | 4,000,000.00 | 13,309.94 | 421,618.40 |
| 31/03/2021 | EUR | 265,530.90 | HKD | 2,500,000.00 | 2,582.25 | 263,511.50 |
| 31/03/2021 | EUR | 1,186,690.08 | JPY | 150,000,000 | 105.63 | 1,187,409.19 |
| 31/03/2021 | EUR | 1,027,083.40 | JPY | 130,000,000 | -1,289.79 | 1,029,087.96 |
| 31/03/2021 | EUR | 246,820.13 | USD | 300,000.00 | 2,152.53 | 245,188.17 |
| 31/03/2021 | EUR | 1,258,568.76 | USD | 1,500,000.00 | 35,230.76 | 1,225,940.85 |
| 31/03/2021 | EUR | 2,533,783.78 | USD | 3,000,000.00 | 87,107.78 | 2,451,881.70 |
| 31/03/2021 | EUR | 818,819.75 | USD | 1,000,000.00 | 3,261.08 | 817,293.90 |
| 31/03/2021 | EUR | 1,681,110.21 | USD | 2,000,000.00 | 49,992.88 | 1,634,587.80 |
| 31/03/2021 | EUR | 81,990.06 | USD | 100,000.00 | 434.19 | 81,729.39 |
| 31/03/2021 | EUR | 492,845.53 | USD | 600,000.00 | 3,510.33 | 490,376.34 |
| 31/03/2021 | EUR | 1,263,402.60 | USD | 1,500,000.00 | 40,064.60 | 1,225,940.85 |
| 31/03/2021 | EUR | 4,115,395.70 | USD | 5,000,000.00 | 37,602.37 | 4,086,469.50 |
| 31/03/2021 | EUR | 1,026,825.82 | USD | 1,200,000.00 | 48,155.42 | 980,752.68 |
| 31/03/2021 | EUR | 416,198.44 | USD | 500,000.00 | 8,419.11 | 408,646.95 |
|  |  |  |  | Total | 342,031.28 | 17,499,076.58 |

Under these OTC derivative contracts, there is no collateral held with the counterparty Banque Degroof Petercam Luxembourg S.A..

## NOTE 10 - FUTURES
As at 31 December 2020, the following futures contracts are open with the counterparty Banque Degroof Petercam Luxembourg S.A.and Société Générale.
As at 31 December 2020, the collateral, in cash, held by the Fund consists of the initial margin call and amounts to EUR 8,267,124.38.

#### DPAM L BONDS EUR QUALITY SUSTAINABLE :
| CCY | Number of CONTRACTS | Description | +/- Unrealised Value ( IN  EUR) | Commitments ( IN  EUR) |
| --- | --- | --- | --- | --- |
|  |
| EUR | -235 | EURO BUND FUTURE MARS 2021 | 44,000.00 | 24,827,520.64 |
| EUR | -125 | EURO-BUXL 30YR FUTURE MARS 2021 | -70,520.00 | 21,547,375.00 |
| EUR | -250 | EURO BOBL FUTURE MARS 2021 | 67,500.00 | 25,902,000.00 |
|  |  | Total | 40,980.00 | 72,276,895.64 |

In respect of these futures contracts, the sub-fund maintained a guarantee deposit of EUR 1,775,146.30 with Société Générale in favour of the counterparty at the end of the financial year. This deposit, in cash, is intended to cover market risks in the event of unfavourable daily price movements in the futures contracts purchased or sold.

#### DPAM L BONDS UNIVERSALIS UNCONSTRAINED :
| CCY | Number of contracts | Description | +/- Unrealised Value ( IN  EUR) | Commitments ( IN  EUR) |
| --- | --- | --- | --- | --- |
|  |
| EUR | -160 | EURO-BUXL 30YR FUTURE MARS 2021 | -240,000.00 | 27,580,640.00 |
| EUR | -200 | EURO-OAT FUTURE MARS 2021 | -98,600.00 | 25,557,200.00 |
| GBP | -50 | LONG GILT FUTURE MARS 2021 | -87,141.10 | 8,087,141.03 |
| JPY | -70 | JGB 10YR FUTURE MARS 2021 | -9,736.76 | 56,142,855.87 |
|  |  | Total | -435,477.86 | 117,367,836.90 |

In respect of these futures contracts, the sub-fund maintained a guarantee deposit of EUR 3,520,427.59 with Société Générale in favour of the counterparty at the end of the financial year. This deposit, in cash, is intended to cover market risks in the event of unfavourable daily price movements in the futures contracts purchased or sold.

#### DPAM L BONDS GOVERNMENT SUSTAINABLE HEDGED :
| CCY | Number of CONTRACTS | Description | +/- Unrealised Value ( IN  EUR) | Commitments ( IN  EUR) |
| --- | --- | --- | --- | --- |
|  |
| EUR | 85 | EURO BUND FUTURE MARS 2021 | -7,650.00 | 8,980,165.00 |
| EUR | 6 | EURO-BUXL 30YR FUTURE MARS 2021 | 480.00 | 1,034,274.00 |
|  |  | Total | -7,170.00 | 10,014,439.00 |

In respect of these futures contracts, the sub-fund maintained a guarantee deposit of EUR 247,035.50 with Société Générale in favour of the counterparty at the end of the financial year. This deposit, in cash, is intended to cover market risks in the event of unfavourable daily price movements in the futures contracts purchased or sold.

#### DPAM L PATRIMONIAL FUND :
| CCY | Number of CONTRACTS | Description | +/- Unrealised Value ( IN  EUR) | Commitments ( IN  EUR) |
| --- | --- | --- | --- | --- |
|  |
| AUD | 17 | AUSTRALIAN 10YR BOND FUTURE MARS 2021 | 0.00 | 1,109,202.85 |
| EUR | -15 | EURO BUND FUTURE MARS 2021 | 760.00 | 1,584,733.96 |
| EUR | -28 | EURO-SCHATZ FUTURE MARS 2021 | 2,860.00 | 2,839,310.81 |
| EUR | 125 | EURO STOXX BANK FUTURE MARS 2021 | -7,500.00 | 463,125.00 |
| EUR | 80 | STOXX EUROPE 600 FUTURE MARS 2021 | 29,600.00 | 1,594,000.00 |
| EUR | -30 | EURO BOBL FUTURE MARS 2021 | 5,400.00 | 3,108,240.00 |
| GBP | 31 | LONG GILT FUTURE MARS 2021 | 35,794.88 | 5,014,027.38 |
| USD | 16 | ULTRA 10YR US TREAS FUTURE MARS 2021 | 1,123.78 | 1,274,672.00 |
| USD | 6 | ULTRA T-BOND FUTURE MARS 2021 | 4,782.44 | 641,166.74 |
| USD | 12 | US TREASURY LONG BOND FUTURE MARS 2021 | -408.65 | 1,536,102.66 |
| USD | 67 | MSCI EMERGING MKT FUTURE MARS 2021 | 80,237.83 | 3,527,007.32 |
| USD | 25 | SP 500 E-MINI FUTURE MARS 2021 | 62,625.15 | 3,829,839.22 |
| USD | 15 | RUSSELL 2000 EMIN FUTURE MARS 2021 | 39,475.30 | 1,210,494.00 |
|  |  | Total | 254,750.73 | 27,731,921.92 |

In respect of these futures contracts, the sub-fund maintained a guarantee deposit of EUR 1,073,801.41 with Société Générale in favour of the counterparty at the end of the financial year. This deposit, in cash, is intended to cover market risks in the event of unfavourable daily price movements in the futures contracts purchased or sold.

#### DPAM L BONDS EMERGING MARKETS SUSTAINABLE :
| CCY | Number of contracts | Description | +/- Unrealised Value ( IN  EUR) | Commitments ( IN  EUR) |
| --- | --- | --- | --- | --- |
|  |
| EUR | -50 | EURO-BUXL 30YR FUTURE MARS 2021 | -38,000.00 | 8,618,950.00 |
| USD | -175 | US 10YR TREASURY NOTE FUTURE MARS 2021 | -38,438.36 | 15,878,168.80 |
| USD | -24 | US TREASURY LONG BOND FUTURE MARS 2021 | 16,550.20 | 3,072,207.77 |
|  |  | Total | -59,888.16 | 27,569,326.57 |

In respect of these futures contracts, the sub-fund maintained a guarantee deposit of EUR 669,632.03 with Société Générale in favour of the counterparty at the end of the financial year. This deposit, in cash, is intended to cover market risks in the event of unfavourable daily price movements in the futures contracts purchased or sold.

#### DPAM L GLOBAL TARGET INCOME :
| CCY | Number of contracts | Description | +/- Unrealised Value ( IN  EUR) | Commitments ( IN  EUR) |
| --- | --- | --- | --- | --- |
|  |
| EUR | 16 | EURO-BUXL 30YR FUTURE MARS 2021 | 16,640.00 | 2,758,064.00 |
| EUR | -118 | EURO BUND FUTURE MARS 2021 | -15,340.00 | 12,466,582.00 |
| JPY | 19 | TOPIX INDEX FUTURE MARS 2021 | 77,308.25 | 2,714,061.18 |
| USD | 1 | US 2YR TREASURY FUTURE MARS 2021 | 178.78 | 168,247.61 |
| USD | 82 | ULTRA 10YR US TREAS FUTURE MARS 2021 | -11,518.74 | 6,532,693.99 |
| USD | 1 | US 5YR TREASURY NOTE FUTURE MARS 2021 | 242.64 | 81,567.67 |
| USD | 1 | ULTRA T-BOND FUTURE MARS 2021 | -791.75 | 106,861.18 |
| USD | 1 | US TREASURY LONG BOND FUTURE MARS 2021 | -670.43 | 128,008.34 |
| USD | 92 | US 10YR TREASURY NOTE FUTURE MARS 2021 | 17,622.90 | 8,347,380.17 |
|  |  | Total | 83,671.65 | 33,303,466.14 |

In respect of these futures contracts, the sub-fund maintained a guarantee deposit of EUR 627,338.60 with Société Générale in favour of the counterparty at the end of the financial year. This deposit, in cash, is intended to cover market risks in the event of unfavourable daily price movements in the futures contracts purchased or sold.
Fnote

#### DPAM L BONDS CLIMATE TRENDS SUSTAINABLE :
| CCY | Number of CONTRACTS | Description | +/- Unrealised Value ( IN  EUR) | Commitments ( IN  EUR) |
| --- | --- | --- | --- | --- |
|  |
| EUR | -30 | EURO BUND FUTURE MARS 2021 | -24,900.00 | 3,169,470.00 |
| Total | -24,900.00 | 3,169,470.00 |

In respect of these futures contracts, the sub-fund maintained a guarantee deposit of EUR 82,190.50 with Société Générale in favour of the counterparty at the end of the financial year. This deposit, in cash, is intended to cover market risks in the event of unfavourable daily price movements in the futures contracts purchased or sold.

#### DPAM L BONDS GOVERNMENT SUSTAINABLE :
| CCY | Number of CONTRACTS | Description | +/- Unrealised Value ( IN  EUR) | Commitments ( IN  EUR) |
| --- | --- | --- | --- | --- |
|  |
| EUR | 1 | EURO-BUXL 30YR FUTURE MARS 2021 | 60.00 | 172,379.00 |
| EUR | 21 | EURO-OAT FUTURE MARS 2021 | 2,100.00 | 2,683,506.00 |
| EUR | -6 | EURO BUND FUTURE MARS 2021 | 660.00 | 633,894.00 |
| GBP | 7 | LONG GILT FUTURE MARS 2021 | 11,104.90 | 1,132,199.74 |
|  |  | Total | 13,924.90 | 4,621,978.74 |

In respect of these futures contracts, the sub-fund maintained a guarantee deposit of EUR 65,682.81 with Société Générale in favour of the counterparty at the end of the financial year. This deposit, in cash, is intended to cover market risks in the event of unfavourable daily price movements in the futures contracts purchased or sold.

#### DPAM L CONVERTIBLE WORLD SUSTAINABLE :
| CCY | Number of CONTRACTS | Description | +/- Unrealised Value ( IN  EUR) | Commitments ( IN  EUR) |
| --- | --- | --- | --- | --- |
|  |
| JPY | 3 | NIKKEI 225 FUTURE MARS 2021 | 21,135.88 | 651,650.16 |
| USD | -14 | NASDAQ 100 E-MINI FUTURE MARS 2021 | -111,855.67 | 2,948,747.33 |
|  |  | Total | -90,719.79 | 3,600,397.49 |

In respect of these futures contracts, the sub-fund maintained a guarantee deposit of EUR 205,869.64 with Banque Degroof Petercam Luxembourg
S.A. in favour of the counterparty at the end of the financial year. This deposit, in cash, is intended to cover market risks in the event of unfavourable daily price movements in the futures contracts purchased or sold.

## NOTE 11 - IRS
As at 31 December 2020, the following Sub-Funds of the SICAV are committed in the following :

### Interest Rate Swap
Sub-Fund DPAM L BONDS EMERGING MARKETS SUSTAINABLE :
| CCY | Maturity | Counterparty | Notional | Buyer leg / Payer leg | +/- Unrealised Value ( IN  EUR) | Commitments (in EUR) |
| --- | --- | --- | --- | --- | --- | --- |
|  |
| CZK | 01/12/2022 | Banque Degroof Luxembourg | 250.000.000,00 | 0.575/PRIBOR6M | 5,853,93 | 9.519.450,00 |
| PLN | 15/09/2022 | Banque Degroof Luxembourg | 100.000.000,00 | 0.278/PLN_MM6M | -31,028,59 | 21.934.880,00 |

| PLN | 13/08/2024 | Banque Degroof Luxembourg | 100.000.000,00 | 0.430/PLN_MM6M | -63,081,40 | 21.934.880,00 |
| --- | --- | --- | --- | --- | --- | --- |
| Total | -86,256.06 | 53,389,210.00 |

Under these OTC derivative contracts, the sub-fund maintained a collateral of EUR 2,100,000.00 with Banque Degroof Petercam Luxembourg S.A. in favour of the counterparty at the end of the year. The purpose of this cash collateral is to fully cover the counterparty against the risk of a possible default by the sub-fund, as there is no margin call.

### Credit Default Swaps
Sub-Fund DPAM L BONDS EUR QUALITY SUSTAINABLE :
| CCY | Maturity | Counterpart | Notional | Underlying | +/- Unrealised Value ( IN  EUR) |
| --- | --- | --- | --- | --- | --- |
|  |
| EUR | 20/12/2025 | BNP PARIBAS LONDON | 100,000,000.00 | IT EU S34 | -2,605,098.00 |
| Total | -2,605,098.00 |

Under these OTC derivative contracts, the sub-fund maintained a collateral of EUR 2,410,000.00 with Banque Degroof Petercam Luxembourg S.A. in favour of the counterparty at the end of the year. The purpose of this cash collateral is to fully cover the counterparty against the risk of a possible default by the sub-fund, as there is no margin call.
Sub-Fund DPAM L BONDS UNIVERSALIS UNCONSTRAINED :
| CCY | Maturity | Counterpart | Notional | Underlying | +/- Unrealised Value ( IN  EUR) |
| --- | --- | --- | --- | --- | --- |
|  |
| EUR | 20/12/2025 | JP MORGAN | 100,000,000.00 | IT EU S34 | -2,605,098.00 |
| EUR | 20/12/2025 | JP MORGAN | 40,000,000.00 | IT EU S34 | 229,571.00 |
| EUR | 20/12/2025 | JP MORGAN | 40,000,000.00 | IT EU S34 | -1,042,039.00 |
| EUR | 20/12/2025 | JP MORGAN | 20,000,000.00 | IT EU S34 | 114,785.00 |
| EUR | 20/12/2025 | JP MORGAN | 20,000,000.00 | IT EU S34 | 114,785.00 |
|  |  |  |  | Total | -3,187,996.00 |

Under these OTC derivative contracts, the sub-fund maintained a collateral of EUR 3,230,000.00 with Banque Degroof Petercam Luxembourg S.A. in favour of the counterparty at the end of the year. The purpose of this cash collateral is to fully cover the counterparty against the risk of a possible default by the sub-fund, as there is no margin call.

## NOTE 12 - DIVIDENDS
The General shareholders' meeting of 8 April 2020 approved the payment of a dividend for the exercice 2019. Shares were quoted ex-dividend since 12 May 2020. The payment was made on 19 May 2020.
| Sub-Funds | Class | ISIN | Currency | Amount / Share |
| --- | --- | --- | --- | --- |
| DPAM L BALANCED CONSERVATIVE SUSTAINABLE | A | LU1499202692 | EUR | 0,90 |
| DPAM L BALANCED CONSERVATIVE SUSTAINABLE | V | LU1867119478 | EUR | 0,90 |
| DPAM L BONDS EMERGING MARKETS SUSTAINABLE | A | LU0907927171 | EUR | 5,30 |
| DPAM L BONDS EMERGING MARKETS SUSTAINABLE | E | LU0907927841 | EUR | 5,46 |
| DPAM L BONDS EMERGING MARKETS SUSTAINABLE | M | LU1518617094 | EUR | 5,34 |
| DPAM L BONDS EUR CORPORATE HIGH YIELD | A | LU0966248915 | EUR | 3,60 |
| DPAM L BONDS EUR CORPORATE HIGH YIELD | E | LU0966249483 | EUR | 4,10 |
| DPAM L BONDS EUR CORPORATE HIGH YIELD | M | LU1518617334 | EUR | 3,64 |
| DPAM L BONDS EUR HIGH YIELD SHORT TERM | A | LU0517221833 | EUR | 1,55 |
| DPAM L BONDS EUR HIGH YIELD SHORT TERM | E | LU0517222302 | EUR | 1,61 |

| DPAM L BONDS EUR HIGH YIELD SHORT TERM | M | LU1518616013 | EUR | 1,56 |
| --- | --- | --- | --- | --- |
| DPAM L BONDS EUR HIGH YIELD SHORT TERM | V | LU0966595042 | EUR | 1,57 |
| DPAM L BONDS EUR QUALITY SUSTAINABLE | A | LU0130966863 | EUR | 0,90 |
| DPAM L BONDS EUR QUALITY SUSTAINABLE | E | LU0174537778 | EUR | 2,65 |
| DPAM L BONDS EUR QUALITY SUSTAINABLE | M | LU1518613853 | EUR | 0,90 |
| DPAM L BONDS HIGHER YIELD | A | LU0138643902 | EUR | 2,84 |
| DPAM L BONDS HIGHER YIELD | E | LU0174544808 | EUR | 3,22 |
| DPAM L BONDS HIGHER YIELD | M | LU1518614661 | EUR | 2,86 |
| DPAM L BONDS HIGHER YIELD | V | LU0966593344 | EUR | 3,12 |
| DPAM L BONDS UNIVERSALIS UNCONSTRAINED | A | LU0138638068 | EUR | 1,15 |
| DPAM L BONDS UNIVERSALIS UNCONSTRAINED | E | LU0174543826 | EUR | 1,00 |
| DPAM L BONDS UNIVERSALIS UNCONSTRAINED | M | LU1518614232 | EUR | 1,16 |
| DPAM L BONDS UNIVERSALIS UNCONSTRAINED | V | LU0966592965 | EUR | 1,23 |
| DPAM L EQUITIES CONVICTION RESEARCH | A | LU0159348084 | EUR | 30,5 |
| DPAM L EQUITIES CONVICTION RESEARCH | M | LU1518615635 | EUR | 30,9 |
| DPAM L PATRIMONIAL FUND | A | LU0574765755 | EUR | 1,25 |
| DPAM L PATRIMONIAL FUND | M | LU1518616443 | EUR | 1,37 |
| DPAM L PATRIMONIAL FUND | E | LU0574766134 | EUR | 1,45 |

The Board of Directors of the SICAV has agreed the payment of quarterly dividends for the DPAM L GLOBAL TARGET INCOME for the year 2020 as follows :
| Payment Date | Class | Amount / Share |
| --- | --- | --- |
| 30/04/2020 | A | 0,77 |
|  | E | 0,75 |
|  | M | 0,77 |
| 30/06/2020 | A | 0,77 |
|  | E | 0,75 |
|  | M | 0,77 |
| 30/09/2020 | A | 0,77 |
|  | E | 0,75 |
|  | M | 0,77 |
| 31/12/2020 | A | 0,77 |
|  | E | 0,75 |
|  | M | 0,77 |


## NOTE 13 - TRANSACTIONS WITH RELATED PARTS
Certain sub-fund of the SICAV proceeded during the period to purchases/sales of securities with related parts, acting as counterparty or as intermediary in the transactions.
According to the article 46. (3) Of the law modified of December, 2010 an UCITS which invests an important part of its assets in others UCITS and\or other OPC has to indicate in its annual report the maximal percentage of the management fees supported both at the level of the UCITS as in that of UCITS and\or other OPC in which it invests.
There is no management and performance fee on target funds, except for the DPAM Investment B Equities Sustainable for which the maximum rate is 0.60.
| NOTE 14 - EVENTS DURING THE YEAR |
| --- |
| The Board of Directors of DPAM L has decided to liquidate the following share classes of the DPAM L BONDS EMERGING MARKETS SUSTAINABLE Sub-Fund by means of a compulsory redemption of all outstanding shares of these share classes at the net asset value of 28 February 2020. B EUR Hedged V EUR Hedged W EUR Hedged This Share Classes has been suspended since February 17, 2020. As from 20 January 2020, the Sub-Fund DPAM L BONDS GOVERNMENT SUSTAINABLE has been renamed DPAM L BONDS GOVERNMENT SUSTAINABLE HEDGED. DPAM L BONDS GOVERNMENT SUSTAINABLE Sub-Fund was created as a clone of the one that existed before 20 January 2020. The first net asset value calculation was dated 27 January 2020. The Sub-Fund DPAM L CONVERTIBLE WORLD SUSTAINABLE has been launched on 30 October 2020. The Sub-Funds DPAM L LIQUIDITY EUR&FRN et DPAM L BONDS EUR GOV1-5 have been liquidated on 7 December 2020. As at 31 December 2020, these 2 sub-funds are still in the process of being liquidated, with a cash amount of EUR 31,840.28 and EUR 28,351.74 respectively withheld to meet the contractual costs of the fourth quarter 2020. The Sub-Fund DPAM Asymmetric L Diversified from SICAV DPAM Asymmetric L has merged with the Sub-Fund DPAM L PATRIMONIAL FUND on 15 Decembre 2020. The COVID-19 (coronavirus) pandemic is seriously threatening the health of the world's population and has severely disrupted people's daily lives for more than one year. This obviously has a major impact on the global economy although finance in its specific sector is not the most disadvantaged sector impacted. Most sectors of the economy are affected and some are being hit extremely hard. Fiscal year 2020 has been marked by some negative impacts on the valuation of equities, bonds, funds and other investments and year 2021 is expected to suffer the same fate according to current forecasts of the evolving pandemic. The current measures and the new proposals taken by health authorities to contain the spread of the virus, while necessary, have and will also have a significant impact on economic activity. It remains to be hoped that although these effects are significant, they will ultimately be temporary. Authorities around the world have taken and continue to take strong and necessary measures to contain the spread of the virus and to support individuals and businesses in these very difficult times. We can hope that vaccination will offer a glimmer of hope for 2021. The Board of Directors is currently not in a position to accurately estimate the consequences of this event, but is closely monitoring the situation. |

| OVERALL RISK ASSESSMENT |
| --- |
| Each sub-fund of the SICAV must ensure that its overall exposure to financial derivative instruments does not exceed its total net assets. Overall exposure is a measurement designed to limit the leverage generated for each subfund by using derivatives. The method used to calculate overall exposure for each Sub-Fund of the SICAV is the ‘commitment method’. The commitment method entails converting positions on derivatives into equivalent positions on underlying assets and then aggregating the market value of these equivalent positions. |
| Remuneration |
| DEGROOF PETERCAM ASSET SERVICES LUXEMBOURG |
| - GeneralDegroof Petercam Asset Services S.A. (“DPAS”) has implemented a Remuneration Policy that is designed as not to encourage taking excessive risks. In that context, it integrates in its performance management system, risk criteria specific to the activities of the business units concerned. DPAS has implemented a series of safeguards that refrain staff from taking undue risk compared to the activity profile.
 The governance structure of the Remuneration Policy (“the Policy”) aims at preventing internal conflicts of interest. The Policy is formulated by the Remuneration Policy and approved by the Management Board. The Policy follows a defined process establishing the principles, the approval, the communication, the implementation, the review and the update of the Policy involving the Management Board, Human Resources, Internal Audit and other control functions. Performance is assessed at Group and DPAS level. Individual staff assessments are based on a weighting of financial and non-financial targets linked to the specific job scope and role. As such, the principle of individual performance assessment is based on an assessment of objectives reached as well as an appreciation of the employee’s long-term value creation. Furthermore, the performance reflects an assessment of business and interpersonal skills and is linked to the achievement of the individual. The criteria applied to establish fixed remuneration are job complexity, level of responsibility, performance and local market conditions. - MethodologyDPAS is dual-licenced as a chapter 15 Management Company under law of 17 December 2010 relating to Undertakings for Collective Investment in Transferable Securities, and as an AIFM under law of 12 July 2013 on Alternative Investment Fund Manager.
 In line with those regulations, the responsibilities of DPAS in its two roles are very similar. DPAS considers a fair assumption to state that its staff is remunerated similarly for tasks related to Undertakings for Collective Investment in Transferable Securities (“UCITS”) and Alternative Investment Funds (“AIF”). The Remuneration Policy is available at https://www.dpas.lu (Tab Investor Information - ‘Remuneration Policy’). As a consequence, the remuneration as stated above is the ratio between the Assets under Management (“AuM”) of all UCITS under the responsibility of DPAS and the total AuM plus the Assets |

Under Administration ("AUA"). Based on the AuM and AUA as of 31 December 2020, this ratio equals 58.62% (71.82% in 2019).
As of 31 December 2020, DPAS is Management Company for a total AuM of 30,493 billion EUR for the UCITS.
Would it be necessary to assess the proportion of the remuneration of the staff of the Management Company attributable to all the UCITS it manages, the above ratio is applied to the yearly remuneration of the concerned staff.
Would it be necessary to assess the proportion of the remuneration of the staff of the Management Company attributable to this UCITS, the ratio between the AuM of this UCITS and the total AuM for all UCITS is applied to the yearly remuneration of the concerned staff.
- Allocated remuneration by category of staffThe table below represents the allocation of total remuneration of the employees of the Management Company based on the AuM of all UCITS, by category of staff:

| Type of staff | Number of beneficiaries (*) | Total remuneration (in EUR) | Fixed remuneration paid (in EUR) | Variable remuneration paid (in EUR) |
| --- | --- | --- | --- | --- |
| Senior Management (**) | 4 | 635,917 | 472,780 | 163,137 |
| Identified staff (***) | 2 | 130,661 | 112,955 | 17,696 |
| Other staff | 121 | 4,503,655 | 3,836,094 | 667,561 |
|  | 5,270,223 | 4,421,829 | 848,394 |

(*) No proportionality applied (**) Management Board
(***) Identified staff not already reported in Senior Management
All figures refer to the 2020 calendar year.
- Carried Interest paid by the UCITSNo employee of the Management Company receives Carried Interest paid by any UCITS.
- Remuneration Policy reviewThe remuneration policy of DPAS is subject to an annual review, as a minimum. It was reviewed and updated in 2020.

The remuneration policy of DPAS was approved by the Board of Management on 19 January 2021.

## DEGROOF PETERCAM ASSET MANAGEMENT S.A.
- Total amount of compensation for the year:
|  | Total paid by the management company and the UCI to its staff | Number of beneficiaries | Other amount paid directly by the UCI | Performance fees |
| --- | --- | --- | --- | --- |
| Fixed remuneration | 12,349,326 € | 157 | / | / |
| Variable remuneration | 3,763,862 € | 129 | / | / |

- Aggregate amount of remuneration
| Identified Staff | 7,865,397 € |
| --- | --- |
| Portfolio managers | 4,774,336 € |

- Description of how compensation and benefits were calculatedThis information is available in the Remuneration Policy established by Degroof Petercam Asset Management. The Remuneration Policy is available on the website www.dpamfunds.com (tab Regulatory information - 'Remuneration policy').
- 
### Results of assessments in the annual review by the management company of the general principles of the remuneration policy and their implementation

The annual review of the compensation policy has not led to the adoption of a new Remuneration Policy.
- 
### Significant change to the remuneration policy adopted

The Remuneration Policy approved by the Board of Directors of the Management Company on February 14, 2017 was not amended in 2020. Details of the Remuneration Policy, including the composition of the Remuneration Committee, can be accessed via the website www.dpamfunds.com (Regulatory information tab - 'Remuneration policy').

## DEGROOF PETERCAM MANAGEMENT FRANCE
Gross remuneration as at 31 December 2019
| Total gross remuneration paid in 2019 and number of employees concerned | *1.183.193,00 | 13 salariés et 2 stagiaires chargés (inclut Entheca 2S19) |
| --- | --- | --- |
| Total gross amount of bonuses paid in 2019 | 278.021,00 | Primes versées sur 2019 sur l'activité de 2018 |
| Total gross remuneration for identified staff | 384.832,00 |  |
| Breakdown of gross remuneration between : |  | N'inclut pas de stagiaire |
| Executive | 1.096.671,00 |  |
| Non-executive | 77.433,00 |  |

* EUR 278.021,00 inclus
| Transparency of securities financing transactions and reuse: |
| --- |
| In accordance with Article 13 and Section A of the Annex to Regulation EU 2015/2365 (hereinafter the "Regulation"), the SICAV must inform investors of its use of securities financing transactions and total return swaps in the annual and semi-annual reports. The portfolio does not contain any assets on loan as of the date of this report. |

Translation (ENFR, 2020-12-31):
# du 1 janvier 2020 au 31 décembre 2020
|  | Notes | Combiné (en EUR) |
| --- | --- | --- |

| Revenus |  |  |
| --- | --- | --- |
| Dividendes reçus sur actions | 1e | 5.710.440,03 |
| Intérêts reçus sur obligations | 1e | 182.366.516,01 |
| Intérêts payés sur IRS |  | 133.687,79 |
| Intérêts créditeurs |  | 514.901,99 |
| Dividendes perçus sur CDS |  | 3.031.572,08 |
| Commissions perçues sur souscriptions et rachats | 4, 8 | 2.186.475,02 |
| Récupérations de taxes |  | 121.358,59 |
| Autres revenus |  | 4.229,94 |
| Total Revenus |  | 194.069.181,45 |
| Charges |  |  |
| Commission de performance | 5 | 1.644.324,45 |
| Commission de gestion | 5 | 21.835.419,49 |
| Commission de banque dépositaire |  | 1.545.565,68 |
| Taxe d'abonnement | 6 | 1.554.217,12 |
| Frais d'administration |  | 8.121.500,84 |
| Frais et commissions divers |  | 1.167.973,48 |
| Frais de transactions |  | 4.416.172,54 |
| Intérêts reçus sur IRS |  | 41.141,09 |
| Dividendes versés sur CDS |  | 5.624.533,71 |
| Intérêts débiteurs |  | 1.275.991,39 |
| Redevance aux autorités étrangères |  | 198.917,27 |
| Total Charges |  | 47.425.757,06 |
| Revenus / Pertes Net(te)s |  | 146.643.424,39 |
| Plus ou moins-value nette réalisée |  |  |
| - sur investissements | 1b | -85.246.983,88 |
| - sur devises |  | -5.057.498,03 |
| - sur changes à terme |  | 11.413.318,21 |
| - sur futures |  | -26.036.077,42 |
| - sur IRS et CDS |  | 24.827.115,32 |
| Bénéfice / (Perte) Net(te) réalisé(e) |  | 66.543.298,59 |
| Variation de la plus ou moins-value nette non réalisée |  |  |
| - sur investissements | 1d | 12.928.734,05 |
| - sur changes à terme |  | -8.387.675,59 |
| - sur futures |  | -10.154.056,76 |
| - sur IRS et CDS |  | -3.097.487,39 |
| Résultat net des opérations |  | 57.832.812,90 |
| - Souscriptions |  | 3.981.521.904,99 |
| - Rachats |  | -2.149.887.219,91 |
| Dividendes payés | 12 | -26.250.575,93 |
| Variations de l'actif net |  | 1.863.216.922,05 |
| Actif net au début de l'exercice |  | 6.217.537.297,18 |
| Actif net à la fin de l'exercice |  | 8.080.754.219,23 |

DPAM L BONDS EUR QUALITY SUSTAINABLE
|  | Notes | Valeur (en EUR) |
| --- | --- | --- |

| Actif |  |  |
| --- | --- | --- |
| Portefeuille-titres à la valeur d'évaluation | 1a | 1.426.708.794,26 |
| Avoirs en banque |  | 11.202.085,05 |
| Intérêts à recevoir sur compte courant |  | 0,00 |
| Intérêts à recevoir sur obligations |  | 10.673.024,16 |
| Dividendes à recevoir sur actions |  | 0,00 |
| Montants à recevoir sur souscriptions |  | 4.493.862,23 |
| Montants à recevoir sur ventes de titres |  | 0,00 |
| Montants à recevoir sur changes au comptant |  | 0,00 |
| Gains non réalisés sur changes à terme | 9 | 0,00 |
| Montants à recevoir du broker sur futures |  | 0,00 |
| Gains non réalisés sur IRS | 11 | 0,00 |
| Dépôts de garantie sur futures | 10 | 1.775.146,30 |
| Collatéral sur instruments dérivés OTC | 9, 11 | 2.410.000,00 |
| Total Actif |  | 1.457.262.912,00 |
| Exigible |  |  |
| Taxes et frais à payer | 3 | 1.200.611,77 |
| Découverts en banque |  | 0,00 |
| Intérêts débiteurs à payer |  | 6.177,31 |
| Intérêts à payer sur CDS |  | 33.333,33 |
| Montants à payer sur rachats |  | 136.156,60 |
| Montants à payer sur achats de titres |  | 0,00 |
| Montants à payer sur changes au comptant |  | 0,00 |
| Montants à payer sur IRS |  | 0,00 |
| Pertes non réalisées sur changes à terme | 9 | 0,00 |
| Montants à payer au broker sur futures |  | 0,00 |
| Pertes non réalisées sur IRS | 11 | 0,00 |
| Pertes non réalisées sur CDS | 11 | 2.605.098,00 |
| Total Exigible |  | 3.981.377,01 |
| Actif net à la fin de l'exercice |  | 1.453.281.534,99 |
| Nombre d'actions en circulation |  |  |
| (à la fin de l'exercice) |  |  |
| - A |  | 175.040,594 |
| - B |  | 56.273,660 |
| - E |  | 20.053,693 |
| - F |  | 677.589,257 |
| - J |  | 20.092,881 |
| - L |  | 1.913,000 |
| - M |  | 608.412,577 |
| - N |  | 4.172,735 |
| - P |  | 480.699,000 |
| - W |  | 6.910,881 |
| Valeur Nette d'inventaire par action |  |  |
| (à la fin de l'exercice) |  |  |
| - A |  | 151,89 |
| - B |  | 602,85 |
| - E |  | 452,50 |
| - F |  | 629,36 |
| - J |  | 26.747,59 |
| - L |  | 552,04 |
| - M |  | 153,30 |
| - N |  | 608,38 |
| - P |  | 662,93 |
| - W |  | 618,70 |

DPAM L BONDS UNIVERSALIS UNCONSTRAINED
|  | Notes | Valeur (en EUR) |
| --- | --- | --- |

| Actif |  |  |
| --- | --- | --- |
| Portefeuille-titres à la valeur d'évaluation | 1a | 1.205.184.459,28 |
| Avoirs en banque |  | 20.096.450,11 |
| Intérêts à recevoir sur compte courant |  | 0,00 |
| Intérêts à recevoir sur obligations |  | 7.258.880,26 |
| Dividendes à recevoir sur actions |  | 0,00 |
| Montants à recevoir sur souscriptions |  | 92.732,97 |
| Montants à recevoir sur ventes de titres |  | 3.137.113,45 |
| Montants à recevoir sur changes au comptant |  | 7.750.000,00 |
| Gains non réalisés sur changes à terme | 9 | 0,00 |
| Montants à recevoir du broker sur futures |  | 0,00 |
| Gains non réalisés sur IRS | 11 | 0,00 |
| Dépôts de garantie sur futures | 10 | 3.520.427,59 |
| Collatéral sur instruments dérivés OTC | 9, 11 | 3.230.000,00 |
| Total Actif |  | 1.250.270.063,66 |
| Exigible |  |  |
| Taxes et frais à payer | 3 | 1.542.806,42 |
| Découverts en banque |  | 0,00 |
| Intérêts débiteurs à payer |  | 6.170,50 |
| Intérêts à payer sur CDS |  | 72.777,77 |
| Montants à payer sur rachats |  | 237.395,77 |
| Montants à payer sur achats de titres |  | 0,00 |
| Montants à payer sur changes au comptant |  | 7.757.881,68 |
| Montants à payer sur IRS |  | 0,00 |
| Pertes non réalisées sur changes à terme | 9 | 0,00 |
| Montants à payer au broker sur futures |  | 0,00 |
| Pertes non réalisées sur IRS | 11 | 0,00 |
| Pertes non réalisées sur CDS | 11 | 3.187.996,00 |
| Total Exigible |  | 12.805.028,14 |
| Actif net à la fin de l'exercice |  | 1.237.465.035,52 |

DPAM L BONDS UNIVERSALIS UNCONSTRAINED
|  | Notes | Valeur (en EUR) |
| --- | --- | --- |

| Nombre d'actions en circulation |  |  |
| --- | --- | --- |
| (à la fin de l'exercice) |  |
| - A | 393.087,761 |
| - B | 464.736,593 |
| - B CHF | 328,000 |
| - E | 171.813,153 |
| - F | 2.907.916,620 |
| - J | 7.765,702 |
| - M | 742.892,326 |
| - N | 34.741,923 |
| - P | 683.890,000 |
| - V | 2.897,632 |
| - W | 216.525,433 |
| Valeur Nette d'inventaire par action |  |
| (à la fin de l'exercice) |  |
| - A | 145,65 |
| - B | 181,30 |
| - B CHF | 184,01 |
| - E | 127,43 |
| - F | 189,79 |
| - J | 29.257,42 |
| - M | 147,42 |
| - N | 183,35 |
| - P | 202,08 |
| - V | 156,49 |
| - W | 186,42 |

DPAM L BONDS HIGHER YIELD
|  | Notes | Valeur (en EUR) |
| --- | --- | --- |

| Actif |  |  |
| --- | --- | --- |
| Portefeuille-titres à la valeur d'évaluation | 1a | 196.958.782,54 |
| Avoirs en banque |  | 6.357.161,13 |
| Intérêts à recevoir sur compte courant |  | 0,00 |
| Intérêts à recevoir sur obligations |  | 2.761.368,53 |
| Dividendes à recevoir sur actions |  | 0,00 |
| Montants à recevoir sur souscriptions |  | 3.284,37 |
| Montants à recevoir sur ventes de titres |  | 0,00 |
| Montants à recevoir sur changes au comptant |  | 0,00 |
| Gains non réalisés sur changes à terme | 9 | 435.154,42 |
| Montants à recevoir du broker sur futures |  | 0,00 |
| Gains non réalisés sur IRS | 11 | 0,00 |
| Dépôts de garantie sur futures | 10 | 0,00 |
| Collatéral sur instruments dérivés OTC | 9, 11 | 0,00 |
| Total Actif |  | 206.515.750,99 |
| Exigible |  |  |
| Taxes et frais à payer | 3 | 485.214,27 |
| Découverts en banque |  | 2.678.811,29 |
| Intérêts débiteurs à payer |  | 1.349,23 |
| Intérêts à payer sur CDS |  | 0,00 |
| Montants à payer sur rachats |  | 8.196,13 |
| Montants à payer sur achats de titres |  | 0,00 |
| Montants à payer sur changes au comptant |  | 0,00 |
| Montants à payer sur IRS |  | 0,00 |
| Pertes non réalisées sur changes à terme | 9 | 0,00 |
| Montants à payer au broker sur futures |  | 0,00 |
| Pertes non réalisées sur IRS | 11 | 0,00 |
| Pertes non réalisées sur CDS | 11 | 0,00 |
| Total Exigible |  | 3.173.570,92 |
| Actif net à la fin de l'exercice |  | 203.342.180,07 |

DPAM L BONDS HIGHER YIELD
|  | Notes | Valeur (en EUR) |
| --- | --- | --- |

| Nombre d'actions en circulation |  |  |
| --- | --- | --- |
| (à la fin de l'exercice) |  |
| - A | 1.011.479,663 |
| - B | 120.162,670 |
| - B CHF | 187,899 |
| - E | 189.890,858 |
| - F | 98.329,675 |
| - M | 145.367,532 |
| - N | 4.447,489 |
| - P | 33.452,000 |
| - V | 4.657,002 |
| - W | 3.796,081 |
| Valeur Nette d'inventaire par action |  |
| (à la fin de l'exercice) |  |
| - A | 91,28 |
| - B | 288,74 |
| - B CHF | 306,88 |
| - E | 104,13 |
| - F | 303,57 |
| - M | 92,46 |
| - N | 292,02 |
| - P | 307,93 |
| - V | 100,82 |
| - W | 298,09 |

DPAM L BONDS GOVERNMENT SUSTAINABLE HEDGED
|  | Notes | Valeur (en EUR) |
| --- | --- | --- |

| Actif |  |  |
| --- | --- | --- |
| Portefeuille-titres à la valeur d'évaluation | 1a | 767.959.939,52 |
| Avoirs en banque |  | 23.114.519,48 |
| Intérêts à recevoir sur compte courant |  | 0,00 |
| Intérêts à recevoir sur obligations |  | 3.789.486,98 |
| Dividendes à recevoir sur actions |  | 0,00 |
| Montants à recevoir sur souscriptions |  | 799.481,68 |
| Montants à recevoir sur ventes de titres |  | 0,00 |
| Montants à recevoir sur changes au comptant |  | 0,00 |
| Gains non réalisés sur changes à terme | 9 | 0,00 |
| Montants à recevoir du broker sur futures |  | 0,00 |
| Gains non réalisés sur IRS | 11 | 0,00 |
| Dépôts de garantie sur futures | 10 | 247.035,50 |
| Collatéral sur instruments dérivés OTC | 9, 11 | 8.540.000,00 |
| Total Actif |  | 804.450.463,16 |
| Exigible |  |  |
| Taxes et frais à payer | 3 | 652.563,19 |
| Découverts en banque |  | 0,00 |
| Intérêts débiteurs à payer |  | 10.902,71 |
| Intérêts à payer sur CDS |  | 0,00 |
| Montants à payer sur rachats |  | 849.803,68 |
| Montants à payer sur achats de titres |  | 0,00 |
| Montants à payer sur changes au comptant |  | 0,00 |
| Montants à payer sur IRS |  | 0,00 |
| Pertes non réalisées sur changes à terme | 9 | 10.789.190,02 |
| Montants à payer au broker sur futures |  | 0,00 |
| Pertes non réalisées sur IRS | 11 | 0,00 |
| Pertes non réalisées sur CDS | 11 | 0,00 |
| Total Exigible |  | 12.302.459,60 |
| Actif net à la fin de l'exercice |  | 792.148.003,56 |

DPAM L BONDS GOVERNMENT SUSTAINABLE HEDGED
|  | Notes | Valeur (en EUR) |
| --- | --- | --- |

| Nombre d'actions en circulation |  |  |
| --- | --- | --- |
| (à la fin de l'exercice) |  |
| - A | 7.983,746 |
| - B | 25.373,563 |
| - E | 9.141,995 |
| - F | 275.016,528 |
| - J | 6.352,841 |
| - L | 1.391,639 |
| - M | 19.229,585 |
| - N | 170,000 |
| - P | 14.049,000 |
| - V | 2.093,556 |
| - W | 24.449,296 |
| Valeur Nette d'inventaire par action |  |
| (à la fin de l'exercice) |  |
| - A | 1.383,82 |
| - B | 1.399,45 |
| - E | 1.419,50 |
| - F | 1.700,10 |
| - J | 27.356,05 |
| - L | 1.379,48 |
| - M | 1.392,39 |
| - N | 1.408,61 |
| - P | 1.750,42 |
| - V | 1.428,59 |
| - W | 1.421,39 |

DPAM L EQUITIES CONVICTION RESEARCH
|  | Notes | Valeur (en EUR) |
| --- | --- | --- |

| Actif |  |  |
| --- | --- | --- |
| Portefeuille-titres à la valeur d'évaluation | 1a | 323.570.731,11 |
| Avoirs en banque |  | 5.424.190,57 |
| Intérêts à recevoir sur compte courant |  | 0,00 |
| Intérêts à recevoir sur obligations |  | 0,00 |
| Dividendes à recevoir sur actions |  | 0,00 |
| Montants à recevoir sur souscriptions |  | 13.313,76 |
| Montants à recevoir sur ventes de titres |  | 0,00 |
| Montants à recevoir sur changes au comptant |  | 0,00 |
| Gains non réalisés sur changes à terme | 9 | 0,00 |
| Montants à recevoir du broker sur futures |  | 0,00 |
| Gains non réalisés sur IRS | 11 | 0,00 |
| Dépôts de garantie sur futures | 10 | 0,00 |
| Collatéral sur instruments dérivés OTC | 9, 11 | 0,00 |
| Total Actif |  | 329.008.235,44 |
| Exigible |  |  |
| Taxes et frais à payer | 3 | 551.488,38 |
| Découverts en banque |  | 0,00 |
| Intérêts débiteurs à payer |  | 3.197,83 |
| Intérêts à payer sur CDS |  | 0,00 |
| Montants à payer sur rachats |  | 33.284,40 |
| Montants à payer sur achats de titres |  | 0,00 |
| Montants à payer sur changes au comptant |  | 0,00 |
| Montants à payer sur IRS |  | 0,00 |
| Pertes non réalisées sur changes à terme | 9 | 0,00 |
| Montants à payer au broker sur futures |  | 0,00 |
| Pertes non réalisées sur IRS | 11 | 0,00 |
| Pertes non réalisées sur CDS | 11 | 0,00 |
| Total Exigible |  | 587.970,61 |
| Actif net à la fin de l'exercice |  | 328.420.264,83 |
| Nombre d'actions en circulation |  |  |
| (à la fin de l'exercice) |  |  |
| - A |  | 2.421,870 |
| - B |  | 14.998,025 |
| - F |  | 26.157,887 |
| - J |  | 7.074,659 |
| - M |  | 22.500,571 |
| - N |  | 3.776,642 |
| - P |  | 2.708,000 |
| Valeur Nette d'inventaire par action |  |  |
| (à la fin de l'exercice) |  |  |
| - A |  | 1.088,33 |
| - B |  | 1.323,42 |
| - F |  | 112,60 |
| - J |  | 28.410,50 |
| - M |  | 1.105,43 |
| - N |  | 1.342,54 |
| - P |  | 26.607,39 |

DPAM L BONDS EUR HIGH YIELD SHORT TERM
|  | Notes | Valeur (en EUR) |
| --- | --- | --- |

| Actif |  |  |
| --- | --- | --- |
| Portefeuille-titres à la valeur d'évaluation | 1a | 327.164.110,87 |
| Avoirs en banque |  | 11.837.899,70 |
| Intérêts à recevoir sur compte courant |  | 0,00 |
| Intérêts à recevoir sur obligations |  | 4.573.539,73 |
| Dividendes à recevoir sur actions |  | 0,00 |
| Montants à recevoir sur souscriptions |  | 0,00 |
| Montants à recevoir sur ventes de titres |  | 0,00 |
| Montants à recevoir sur changes au comptant |  | 0,00 |
| Gains non réalisés sur changes à terme | 9 | 0,00 |
| Montants à recevoir du broker sur futures |  | 0,00 |
| Gains non réalisés sur IRS | 11 | 0,00 |
| Dépôts de garantie sur futures | 10 | 0,00 |
| Collatéral sur instruments dérivés OTC | 9, 11 | 0,00 |
| Total Actif |  | 343.575.550,30 |
| Exigible |  |  |
| Taxes et frais à payer | 3 | 409.187,66 |
| Découverts en banque |  | 0,00 |
| Intérêts débiteurs à payer |  | 3.644,39 |
| Intérêts à payer sur CDS |  | 0,00 |
| Montants à payer sur rachats |  | 30.938,11 |
| Montants à payer sur achats de titres |  | 0,00 |
| Montants à payer sur changes au comptant |  | 0,00 |
| Montants à payer sur IRS |  | 0,00 |
| Pertes non réalisées sur changes à terme | 9 | 0,00 |
| Montants à payer au broker sur futures |  | 0,00 |
| Pertes non réalisées sur IRS | 11 | 0,00 |
| Pertes non réalisées sur CDS | 11 | 0,00 |
| Total Exigible |  | 443.770,16 |
| Actif net à la fin de l'exercice |  | 343.131.780,14 |

DPAM L BONDS EUR HIGH YIELD SHORT TERM
|  | Notes | Valeur (en EUR) |
| --- | --- | --- |

| Nombre d'actions en circulation |  |  |
| --- | --- | --- |
| (à la fin de l'exercice) |  |
| - A | 190.086,186 |
| - B | 174.137,377 |
| - E | 164.050,909 |
| - F | 1.155.568,332 |
| - F CHF | 1.600,000 |
| - J | 2.525,153 |
| - L | 4.083,403 |
| - M | 118.700,939 |
| - N | 93.541,789 |
| - P | 114.888,000 |
| - V | 837,387 |
| - W | 84.253,892 |
| Valeur Nette d'inventaire par action |  |
| (à la fin de l'exercice) |  |
| - A | 108,22 |
| - B | 135,25 |
| - E | 112,59 |
| - F | 140,34 |
| - F CHF | 151,48 |
| - J | 25.094,22 |
| - L | 133,17 |
| - M | 109,22 |
| - N | 136,34 |
| - P | 145,81 |
| - V | 109,70 |
| - W | 138,51 |

DPAM L PATRIMONIAL FUND
|  | Notes | Valeur (en EUR) |
| --- | --- | --- |

| Actif |  |  |
| --- | --- | --- |
| Portefeuille-titres à la valeur d'évaluation | 1a | 188.771.834,60 |
| Avoirs en banque |  | 5.772.131,18 |
| Intérêts à recevoir sur compte courant |  | 0,00 |
| Intérêts à recevoir sur obligations |  | 1.009.104,04 |
| Dividendes à recevoir sur actions |  | 2.755,94 |
| Montants à recevoir sur souscriptions |  | 0,00 |
| Montants à recevoir sur ventes de titres |  | 0,00 |
| Montants à recevoir sur changes au comptant |  | 0,00 |
| Gains non réalisés sur changes à terme | 9 | 0,00 |
| Montants à recevoir du broker sur futures |  | 0,00 |
| Gains non réalisés sur IRS | 11 | 0,00 |
| Dépôts de garantie sur futures | 10 | 1.073.801,41 |
| Collatéral sur instruments dérivés OTC | 9, 11 | 0,00 |
| Total Actif |  | 196.629.627,17 |
| Exigible |  |  |
| Taxes et frais à payer | 3 | 405.009,89 |
| Découverts en banque |  | 0,00 |
| Intérêts débiteurs à payer |  | 2.116,11 |
| Intérêts à payer sur CDS |  | 0,00 |
| Montants à payer sur rachats |  | 25.348,00 |
| Montants à payer sur achats de titres |  | 0,00 |
| Montants à payer sur changes au comptant |  | 0,00 |
| Montants à payer sur IRS |  | 0,00 |
| Pertes non réalisées sur changes à terme | 9 | 25.890,05 |
| Montants à payer au broker sur futures |  | 0,02 |
| Pertes non réalisées sur IRS | 11 | 0,00 |
| Pertes non réalisées sur CDS | 11 | 0,00 |
| Total Exigible |  | 458.364,07 |
| Actif net à la fin de l'exercice |  | 196.171.263,10 |
| Nombre d'actions en circulation |  |  |
| (à la fin de l'exercice) |  |  |
| - A |  | 1.251.223,569 |
| - B |  | 265.325,490 |
| - E |  | 1.971,381 |
| - F |  | 54.328,432 |
| - M |  | 56.692,693 |
| - N |  | 38.932,667 |
| Valeur Nette d'inventaire par action |  |  |
| (à la fin de l'exercice) |  |  |
| - A |  | 113,81 |
| - B |  | 129,85 |
| - E |  | 122,12 |
| - F |  | 136,72 |
| - M |  | 115,26 |
| - N |  | 131,45 |

DPAM L BONDS EMERGING MARKETS SUSTAINABLE
|  | Notes | Valeur (en EUR) |
| --- | --- | --- |

| Actif |  |  |
| --- | --- | --- |
| Portefeuille-titres à la valeur d'évaluation | 1a | 2.577.065.056,28 |
| Avoirs en banque |  | 76.273.236,42 |
| Intérêts à recevoir sur compte courant |  | 6.632,81 |
| Intérêts à recevoir sur obligations |  | 38.998.115,61 |
| Dividendes à recevoir sur actions |  | 0,00 |
| Montants à recevoir sur souscriptions |  | 1.492.595,26 |
| Montants à recevoir sur ventes de titres |  | 0,00 |
| Montants à recevoir sur changes au comptant |  | 0,00 |
| Gains non réalisés sur changes à terme | 9 | 0,00 |
| Montants à recevoir du broker sur futures |  | 0,08 |
| Gains non réalisés sur IRS | 11 | 5.853,93 |
| Dépôts de garantie sur futures | 10 | 669.632,03 |
| Collatéral sur instruments dérivés OTC | 9, 11 | 2.100.000,00 |
| Total Actif |  | 2.696.611.122,42 |
| Exigible |  |  |
| Taxes et frais à payer | 3 | 3.084.313,48 |
| Découverts en banque |  | 0,00 |
| Intérêts débiteurs à payer |  | 44.405,22 |
| Intérêts à payer sur CDS |  | 0,00 |
| Montants à payer sur rachats |  | 506.760,38 |
| Montants à payer sur achats de titres |  | 5.915.710,69 |
| Montants à payer sur changes au comptant |  | 0,00 |
| Montants à payer sur IRS |  | 8.143,72 |
| Pertes non réalisées sur changes à terme | 9 | 2.580.402,48 |
| Montants à payer au broker sur futures |  | 0,00 |
| Pertes non réalisées sur IRS | 11 | 94.109,99 |
| Pertes non réalisées sur CDS | 11 | 0,00 |
| Total Exigible |  | 12.233.845,96 |
| Actif net à la fin de l'exercice |  | 2.684.377.276,46 |

DPAM L BONDS EMERGING MARKETS SUSTAINABLE
|  | Notes | Valeur (en EUR) |
| --- | --- | --- |

| Nombre d'actions en circulation |  |  |
| --- | --- | --- |
| (à la fin de l'exercice) |  |
| - A | 867.376,343 |
| - B | 1.457.195,298 |
| - B CHF | 1.531,268 |
| - B USD | 148.192,613 |
| - E | 2.604.321,632 |
| - F | 8.539.804,227 |
| - F CHF | 96.019,984 |
| - F USD | 2.320.698,168 |
| - J | 8.874,809 |
| - L | 22.217,525 |
| - M | 374.217,920 |
| - N | 30.551,607 |
| - N USD | 169.189,252 |
| - P | 492.513,000 |
| - V | 149.315,000 |
| - W | 1.816.805,692 |
| - W CHF | 7.365,000 |
| - W USD | 485.459,126 |
| Valeur Nette d'inventaire par action |  |
| (à la fin de l'exercice) |  |
| - A | 98,07 |
| - B | 131,52 |
| - B CHF | 139,37 |
| - B USD | 123,61 |
| - E | 101,69 |
| - F | 137,13 |
| - F CHF | 148,07 |
| - F USD | 133,21 |
| - J | 27.481,08 |
| - L | 129,51 |
| - M | 99,30 |
| - N | 133,14 |
| - N USD | 124,62 |
| - P | 142,09 |
| - V | 109,10 |
| - W | 136,92 |
| - W CHF | 140,57 |
| - W USD | 124,85 |

DPAM L BONDS EUR CORPORATE HIGH YIELD
|  | Notes | Valeur (en EUR) |
| --- | --- | --- |

| Actif |  |  |
| --- | --- | --- |
| Portefeuille-titres à la valeur d'évaluation | 1a | 429.774.054,28 |
| Avoirs en banque |  | 1.107.260,67 |
| Intérêts à recevoir sur compte courant |  | 0,00 |
| Intérêts à recevoir sur obligations |  | 5.024.161,35 |
| Dividendes à recevoir sur actions |  | 0,00 |
| Montants à recevoir sur souscriptions |  | 398.501,60 |
| Montants à recevoir sur ventes de titres |  | 0,00 |
| Montants à recevoir sur changes au comptant |  | 0,00 |
| Gains non réalisés sur changes à terme | 9 | 0,00 |
| Montants à recevoir du broker sur futures |  | 0,00 |
| Gains non réalisés sur IRS | 11 | 0,00 |
| Dépôts de garantie sur futures | 10 | 0,00 |
| Collatéral sur instruments dérivés OTC | 9, 11 | 3.300.000,00 |
| Total Actif |  | 439.603.977,90 |
| Exigible |  |  |
| Taxes et frais à payer | 3 | 600.573,71 |
| Découverts en banque |  | 0,00 |
| Intérêts débiteurs à payer |  | 861,35 |
| Intérêts à payer sur CDS |  | 0,00 |
| Montants à payer sur rachats |  | 700.396,85 |
| Montants à payer sur achats de titres |  | 0,00 |
| Montants à payer sur changes au comptant |  | 0,00 |
| Montants à payer sur IRS |  | 0,00 |
| Pertes non réalisées sur changes à terme | 9 | 0,00 |
| Montants à payer au broker sur futures |  | 0,00 |
| Pertes non réalisées sur IRS | 11 | 0,00 |
| Pertes non réalisées sur CDS | 11 | 0,00 |
| Total Exigible |  | 1.301.831,91 |
| Actif net à la fin de l'exercice |  | 438.302.145,99 |

DPAM L BONDS EUR CORPORATE HIGH YIELD
|  | Notes | Valeur (en EUR) |
| --- | --- | --- |

| Nombre d'actions en circulation |  |  |
| --- | --- | --- |
| (à la fin de l'exercice) |  |
| - A | 126.082,857 |
| - B | 142.745,169 |
| - E | 56.732,841 |
| - F | 1.467.378,404 |
| - J | 3.417,000 |
| - L | 205,141 |
| - M | 156.165,860 |
| - N | 120,000 |
| - P | 88.266,767 |
| - V | 304.621,000 |
| - W | 40.939,313 |
| Valeur Nette d'inventaire par action |  |
| (à la fin de l'exercice) |  |
| - A | 124,22 |
| - B | 146,88 |
| - E | 147,21 |
| - F | 151,81 |
| - J | 28.278,73 |
| - L | 106,75 |
| - M | 125,93 |
| - N | 135,37 |
| - P | 159,70 |
| - V | 111,72 |
| - W | 149,07 |

DPAM L GLOBAL TARGET INCOME
|  | Notes | Valeur (en EUR) |
| --- | --- | --- |

| Actif |  |  |
| --- | --- | --- |
| Portefeuille-titres à la valeur d'évaluation | 1a | 64.664.313,82 |
| Avoirs en banque |  | 3.581.278,31 |
| Intérêts à recevoir sur compte courant |  | 0,00 |
| Intérêts à recevoir sur obligations |  | 0,00 |
| Dividendes à recevoir sur actions |  | 0,00 |
| Montants à recevoir sur souscriptions |  | 0,00 |
| Montants à recevoir sur ventes de titres |  | 0,00 |
| Montants à recevoir sur changes au comptant |  | 0,00 |
| Gains non réalisés sur changes à terme | 9 | 0,00 |
| Montants à recevoir du broker sur futures |  | 0,00 |
| Gains non réalisés sur IRS | 11 | 0,00 |
| Dépôts de garantie sur futures | 10 | 627.338,60 |
| Collatéral sur instruments dérivés OTC | 9, 11 | 0,00 |
| Total Actif |  | 68.872.930,73 |
| Exigible |  |  |
| Taxes et frais à payer | 3 | 149.395,42 |
| Découverts en banque |  | 0,00 |
| Intérêts débiteurs à payer |  | 268,03 |
| Intérêts à payer sur CDS |  | 0,00 |
| Montants à payer sur rachats |  | 16.460,93 |
| Montants à payer sur achats de titres |  | 0,00 |
| Montants à payer sur changes au comptant |  | 0,00 |
| Montants à payer sur IRS |  | 0,00 |
| Pertes non réalisées sur changes à terme | 9 | 0,00 |
| Montants à payer au broker sur futures |  | 0,70 |
| Pertes non réalisées sur IRS | 11 | 0,00 |
| Pertes non réalisées sur CDS | 11 | 0,00 |
| Total Exigible |  | 166.125,08 |
| Actif net à la fin de l'exercice |  | 68.706.805,65 |
| Nombre d'actions en circulation |  |  |
| (à la fin de l'exercice) |  |  |
| - A |  | 244.493,527 |
| - B |  | 39.339,417 |
| - E |  | 10.000,000 |
| - F |  | 332.575,426 |
| - M |  | 15.495,101 |
| Valeur Nette d'inventaire par action |  |  |
| (à la fin de l'exercice) |  |  |
| - A |  | 97,19 |
| - B |  | 116,76 |
| - E |  | 95,46 |
| - F |  | 113,86 |
| - M |  | 98,65 |

DPAM L BALANCED CONSERVATIVE SUSTAINABLE
|  | Notes | Valeur (en EUR) |
| --- | --- | --- |

| Actif |  |  |
| --- | --- | --- |
| Portefeuille-titres à la valeur d'évaluation | 1a | 54.602.106,63 |
| Avoirs en banque |  | 2.657.408,73 |
| Intérêts à recevoir sur compte courant |  | 0,00 |
| Intérêts à recevoir sur obligations |  | 182.565,13 |
| Dividendes à recevoir sur actions |  | 7.175,58 |
| Montants à recevoir sur souscriptions |  | 0,00 |
| Montants à recevoir sur ventes de titres |  | 0,00 |
| Montants à recevoir sur changes au comptant |  | 0,00 |
| Gains non réalisés sur changes à terme | 9 | 0,00 |
| Montants à recevoir du broker sur futures |  | 0,00 |
| Gains non réalisés sur IRS | 11 | 0,00 |
| Dépôts de garantie sur futures | 10 | 0,00 |
| Collatéral sur instruments dérivés OTC | 9, 11 | 0,00 |
| Total Actif |  | 57.449.256,07 |
| Exigible |  |  |
| Taxes et frais à payer | 3 | 184.888,02 |
| Découverts en banque |  | 0,00 |
| Intérêts débiteurs à payer |  | 797,63 |
| Intérêts à payer sur CDS |  | 0,00 |
| Montants à payer sur rachats |  | 0,00 |
| Montants à payer sur achats de titres |  | 0,00 |
| Montants à payer sur changes au comptant |  | 0,00 |
| Montants à payer sur IRS |  | 0,00 |
| Pertes non réalisées sur changes à terme | 9 | 0,00 |
| Montants à payer au broker sur futures |  | 0,00 |
| Pertes non réalisées sur IRS | 11 | 0,00 |
| Pertes non réalisées sur CDS | 11 | 0,00 |
| Total Exigible |  | 185.685,65 |
| Actif net à la fin de l'exercice |  | 57.263.570,42 |
| Nombre d'actions en circulation |  |  |
| (à la fin de l'exercice) |  |  |
| - A |  | 66.470,104 |
| - B |  | 245.662,983 |
| - F |  | 340,843 |
| - V |  | 12.674,369 |
| - W |  | 1.408,649 |
| Valeur Nette d'inventaire par action |  |  |
| (à la fin de l'exercice) |  |  |
| - A |  | 115,82 |
| - B |  | 153,76 |
| - F |  | 29.606,64 |
| - V |  | 116,90 |
| - W |  | 155,16 |

DPAM L BONDS CLIMATE TRENDS SUSTAINABLE
|  | Notes | Valeur (en EUR) |
| --- | --- | --- |

| Actif |  |  |
| --- | --- | --- |
| Portefeuille-titres à la valeur d'évaluation | 1a | 155.982.404,04 |
| Avoirs en banque |  | 4.156.981,51 |
| Intérêts à recevoir sur compte courant |  | 0,00 |
| Intérêts à recevoir sur obligations |  | 887.508,34 |
| Dividendes à recevoir sur actions |  | 0,00 |
| Montants à recevoir sur souscriptions |  | 1.358.394,27 |
| Montants à recevoir sur ventes de titres |  | 0,00 |
| Montants à recevoir sur changes au comptant |  | 0,00 |
| Gains non réalisés sur changes à terme | 9 | 0,00 |
| Montants à recevoir du broker sur futures |  | 0,00 |
| Gains non réalisés sur IRS | 11 | 0,00 |
| Dépôts de garantie sur futures | 10 | 82.190,50 |
| Collatéral sur instruments dérivés OTC | 9, 11 | 0,00 |
| Total Actif |  | 162.467.478,66 |
| Exigible |  |  |
| Taxes et frais à payer | 3 | 128.077,72 |
| Découverts en banque |  | 0,00 |
| Intérêts débiteurs à payer |  | 1.063,08 |
| Intérêts à payer sur CDS |  | 0,00 |
| Montants à payer sur rachats |  | 75,53 |
| Montants à payer sur achats de titres |  | 0,00 |
| Montants à payer sur changes au comptant |  | 0,00 |
| Montants à payer sur IRS |  | 0,00 |
| Pertes non réalisées sur changes à terme | 9 | 0,00 |
| Montants à payer au broker sur futures |  | 0,00 |
| Pertes non réalisées sur IRS | 11 | 0,00 |
| Pertes non réalisées sur CDS | 11 | 0,00 |
| Total Exigible |  | 129.216,33 |
| Actif net à la fin de l'exercice |  | 162.338.262,33 |
| Nombre d'actions en circulation |  |  |
| (à la fin de l'exercice) |  |  |
| - A |  | 3.000,000 |
| - B |  | 4.373,258 |
| - F |  | 38.839,515 |
| - J |  | 4.361,000 |
| - M |  | 51.674,000 |
| - P |  | 1.000,000 |
| - W |  | 107.201,175 |
| Valeur Nette d'inventaire par action |  |  |
| (à la fin de l'exercice) |  |  |
| - A |  | 103,92 |
| - B |  | 103,83 |
| - F |  | 104,62 |
| - J |  | 26.232,56 |
| - M |  | 104,54 |
| - P |  | 26.312,20 |
| - W |  | 106,30 |

DPAM L BONDS GOVERNMENT SUSTAINABLE
|  | Notes | Valeur (en EUR) |
| --- | --- | --- |

| Actif |  |  |
| --- | --- | --- |
| Portefeuille-titres à la valeur d'évaluation | 1a | 85.616.717,37 |
| Avoirs en banque |  | 1.360.082,65 |
| Intérêts à recevoir sur compte courant |  | 0,00 |
| Intérêts à recevoir sur obligations |  | 387.499,48 |
| Dividendes à recevoir sur actions |  | 0,00 |
| Montants à recevoir sur souscriptions |  | 1.148.399,91 |
| Montants à recevoir sur ventes de titres |  | 0,00 |
| Montants à recevoir sur changes au comptant |  | 0,00 |
| Gains non réalisés sur changes à terme | 9 | 0,00 |
| Montants à recevoir du broker sur futures |  | 0,00 |
| Gains non réalisés sur IRS | 11 | 0,00 |
| Dépôts de garantie sur futures | 10 | 65.682,81 |
| Collatéral sur instruments dérivés OTC | 9, 11 | 0,00 |
| Total Actif |  | 88.578.382,22 |
| Exigible |  |  |
| Taxes et frais à payer | 3 | 56.337,75 |
| Découverts en banque |  | 0,00 |
| Intérêts débiteurs à payer |  | 382,54 |
| Intérêts à payer sur CDS |  | 0,00 |
| Montants à payer sur rachats |  | 0,00 |
| Montants à payer sur achats de titres |  | 1.122.393,59 |
| Montants à payer sur changes au comptant |  | 0,00 |
| Montants à payer sur IRS |  | 0,00 |
| Pertes non réalisées sur changes à terme | 9 | 460.663,40 |
| Montants à payer au broker sur futures |  | 0,00 |
| Pertes non réalisées sur IRS | 11 | 0,00 |
| Pertes non réalisées sur CDS | 11 | 0,00 |
| Total Exigible |  | 1.639.777,28 |
| Actif net à la fin de l'exercice |  | 86.938.604,94 |
| Nombre d'actions en circulation |  |  |
| (à la fin de l'exercice) |  |  |
| - B |  | 950,000 |
| - F |  | 86.742,805 |
| - J |  | 3.093,000 |
| - M |  | 2.315,000 |
| - P |  |  |
| Valeur Nette d'inventaire par action |  |  |
| (à la fin de l'exercice) |  |  |
| - B |  | 99,88 |
| - F |  | 100,63 |
| - J |  | 25.180,37 |
| - M |  | 100,08 |
| - P |  |  |

DPAM L CONVERTIBLE WORLD SUSTAINABLE
|  | Notes | Valeur (en EUR) |
| --- | --- | --- |

| Actif |  |  |
| --- | --- | --- |
| Portefeuille-titres à la valeur d'évaluation | 1a | 27.375.107,66 |
| Avoirs en banque |  | 943.363,71 |
| Intérêts à recevoir sur compte courant |  | 0,00 |
| Intérêts à recevoir sur obligations |  | 35.706,36 |
| Dividendes à recevoir sur actions |  | 0,00 |
| Montants à recevoir sur souscriptions |  | 0,00 |
| Montants à recevoir sur ventes de titres |  | 0,00 |
| Montants à recevoir sur changes au comptant |  | 0,00 |
| Gains non réalisés sur changes à terme | 9 | 342.031,28 |
| Montants à recevoir du broker sur futures |  | 0,00 |
| Gains non réalisés sur IRS | 11 | 0,00 |
| Dépôts de garantie sur futures | 10 | 205.869,64 |
| Collatéral sur instruments dérivés OTC | 9, 11 | 0,00 |
| Total Actif |  | 28.902.078,65 |
| Exigible |  |  |
| Taxes et frais à payer | 3 | 24.204,70 |
| Découverts en banque |  | 0,00 |
| Intérêts débiteurs à payer |  | 313,65 |
| Intérêts à payer sur CDS |  | 0,00 |
| Montants à payer sur rachats |  | 0,00 |
| Montants à payer sur achats de titres |  | 0,00 |
| Montants à payer sur changes au comptant |  | 0,00 |
| Montants à payer sur IRS |  | 0,00 |
| Pertes non réalisées sur changes à terme | 9 | 0,00 |
| Montants à payer au broker sur futures |  | 10.069,07 |
| Pertes non réalisées sur IRS | 11 | 0,00 |
| Pertes non réalisées sur CDS | 11 | 0,00 |
| Total Exigible |  | 34.587,42 |
| Actif net à la fin de l'exercice |  | 28.867.491,23 |
| Nombre d'actions en circulation |  |  |
| (à la fin de l'exercice) |  |  |
| - B |  | 100.000,000 |
| - F |  | 91.700,000 |
| - P |  | 330,000 |
| Valeur Nette d'inventaire par action |  |  |
| (à la fin de l'exercice) |  |  |
| - B |  | 101,93 |
| - F |  | 108,10 |
| - P |  | 26.552,74 |

DPAM L LIQUIDITY EUR &FRN (liquidé le 7 décembre 2020)
|  | Notes | Valeur (en EUR) |
| --- | --- | --- |

| Revenus |  |  |
| --- | --- | --- |
| Dividendes reçus sur actions | 1e | 0,00 |
| Intérêts reçus sur obligations | 1e | 36.339,75 |
| Intérêts payés sur IRS |  | 0,00 |
| Intérêts créditeurs |  | 104,47 |
| Dividendes perçus sur CDS |  | 0,00 |
| Commissions perçues sur souscriptions et rachats | 4, 8 | 608,00 |
| Récupérations de taxes |  | 0,00 |
| Autres revenus |  | 0,00 |
| Total Revenus |  | 37.052,22 |
| Charges |  |  |
| Commission de performance | 5 | 0,00 |
| Commission de gestion | 5 | 21.803,12 |
| Commission de banque dépositaire |  | 3.900,93 |
| Taxe d'abonnement | 6 | 4.408,02 |
| Frais d'administration |  | 44.885,01 |
| Frais et commissions divers |  | 41.351,35 |
| Frais de transactions |  | 5.056,92 |
| Intérêts reçus sur IRS |  | 0,00 |
| Dividendes versés sur CDS |  | 0,00 |
| Intérêts débiteurs |  | 4.366,60 |
| Redevance aux autorités étrangères |  | 5.673,77 |
| Total Charges |  | 131.445,72 |
| Revenus / Pertes Net(te)s |  | -94.393,50 |
| Plus ou moins-value nette réalisée |  |  |
| - sur investissements | 1b | 48.867,25 |
| - sur devises |  | 0,00 |
| - sur changes à terme |  | 0,00 |
| - sur futures |  | 0,00 |
| - sur IRS et CDS |  | 0,00 |
| Bénéfice / (Perte) Net(te) réalisé(e) |  | -45.526,25 |
| Variation de la plus ou moins-value nette non réalisée |  |  |
| - sur investissements | 1d | -84.647,25 |
| - sur changes à terme |  | 0,00 |
| - sur futures |  | 0,00 |
| - sur IRS et CDS |  | 0,00 |
| Résultat net des opérations |  | -130.173,50 |
| - Souscriptions |  | 1.903.280,92 |
| - Rachats |  | -24.314.222,72 |
| Dividendes payés | 12 | 0,00 |
| Variations de l'actif net |  | -22.541.115,30 |
| Actif net au début de l'exercice |  | 22.541.115,30 |
| Actif net à la fin de l'exercice |  | 0,00 |

DPAM L BONDS EUR QUALITY SUSTAINABLE
|  | Notes | Valeur (en EUR) |
| --- | --- | --- |

| Revenus |  |  |
| --- | --- | --- |
| Dividendes reçus sur actions | 1e | 0,00 |
| Intérêts reçus sur obligations | 1e | 18.155.493,54 |
| Intérêts payés sur IRS |  | 0,00 |
| Intérêts créditeurs |  | 0,00 |
| Dividendes perçus sur CDS |  | 923.691,03 |
| Commissions perçues sur souscriptions et rachats | 4, 8 | 286.207,96 |
| Récupérations de taxes |  | 0,00 |
| Autres revenus |  | 0,00 |
| Total Revenus |  | 19.365.392,53 |
| Charges |  |  |
| Commission de performance | 5 | 0,00 |
| Commission de gestion | 5 | 2.291.156,59 |
| Commission de banque dépositaire |  | 296.442,39 |
| Taxe d'abonnement | 6 | 209.788,18 |
| Frais d'administration |  | 1.253.562,25 |
| Frais et commissions divers |  | 166.653,29 |
| Frais de transactions |  | 281.318,07 |
| Intérêts reçus sur IRS |  | 0,00 |
| Dividendes versés sur CDS |  | 1.199.443,12 |
| Intérêts débiteurs |  | 169.295,56 |
| Redevance aux autorités étrangères |  | 11.621,78 |
| Total Charges |  | 5.879.281,23 |
| Revenus / Pertes Net(te)s |  | 13.486.111,30 |
| Plus ou moins-value nette réalisée |  |  |
| - sur investissements | 1b | 6.922.565,34 |
| - sur devises |  | 0,00 |
| - sur changes à terme |  | 0,00 |
| - sur futures |  | -6.021.160,00 |
| - sur IRS et CDS |  | 2.229.348,38 |
| Bénéfice / (Perte) Net(te) réalisé(e) |  | 16.616.865,02 |
| Variation de la plus ou moins-value nette non réalisée |  |  |
| - sur investissements | 1d | 27.109.849,75 |
| - sur changes à terme |  | 0,00 |
| - sur futures |  | -1.693.020,00 |
| - sur IRS et CDS |  | 171.535,00 |
| Résultat net des opérations |  | 42.205.229,77 |
| - Souscriptions |  | 505.634.652,42 |
| - Rachats |  | -192.148.980,85 |
| Dividendes payés | 12 | -694.613,52 |
| Variations de l'actif net |  | 354.996.287,82 |
| Actif net au début de l'exercice |  | 1.098.285.247,17 |
| Actif net à la fin de l'exercice |  | 1.453.281.534,99 |

DPAM L BONDS UNIVERSALIS UNCONSTRAINED
|  | Notes | Valeur (en EUR) |
| --- | --- | --- |

| Revenus |  |  |
| --- | --- | --- |
| Dividendes reçus sur actions | 1e | 0,00 |
| Intérêts reçus sur obligations | 1e | 18.838.150,48 |
| Intérêts payés sur IRS |  | 0,00 |
| Intérêts créditeurs |  | 0,00 |
| Dividendes perçus sur CDS |  | 967.604,13 |
| Commissions perçues sur souscriptions et rachats | 4, 8 | 0,00 |
| Récupérations de taxes |  | 0,00 |
| Autres revenus |  | 0,00 |
| Total Revenus |  | 19.805.754,61 |
| Charges |  |  |
| Commission de performance | 5 | 0,00 |
| Commission de gestion | 5 | 3.749.619,74 |
| Commission de banque dépositaire |  | 250.934,24 |
| Taxe d'abonnement | 6 | 266.746,13 |
| Frais d'administration |  | 1.189.890,96 |
| Frais et commissions divers |  | 150.345,90 |
| Frais de transactions |  | 218.974,51 |
| Intérêts reçus sur IRS |  | 0,00 |
| Dividendes versés sur CDS |  | 2.408.424,16 |
| Intérêts débiteurs |  | 122.995,25 |
| Redevance aux autorités étrangères |  | 10.894,63 |
| Total Charges |  | 8.368.825,52 |
| Revenus / Pertes Net(te)s |  | 11.436.929,09 |
| Plus ou moins-value nette réalisée |  |  |
| - sur investissements | 1b | 7.615.688,98 |
| - sur devises |  | 392.485,31 |
| - sur changes à terme |  | 34.464,14 |
| - sur futures |  | -17.437.841,95 |
| - sur IRS et CDS |  | 17.078.122,72 |
| Bénéfice / (Perte) Net(te) réalisé(e) |  | 19.119.848,29 |
| Variation de la plus ou moins-value nette non réalisée |  |  |
| - sur investissements | 1d | 15.851.717,53 |
| - sur changes à terme |  | 0,00 |
| - sur futures |  | -7.154.198,13 |
| - sur IRS et CDS |  | -3.187.996,00 |
| Résultat net des opérations |  | 24.629.371,69 |
| - Souscriptions |  | 445.589.141,15 |
| - Rachats |  | -184.685.716,14 |
| Dividendes payés | 12 | -1.486.535,43 |
| Variations de l'actif net |  | 284.046.261,27 |
| Actif net au début de l'exercice |  | 953.418.774,25 |
| Actif net à la fin de l'exercice |  | 1.237.465.035,52 |

DPAM L BONDS HIGHER YIELD
|  | Notes | Valeur (en EUR) |
| --- | --- | --- |

| Revenus |  |  |
| --- | --- | --- |
| Dividendes reçus sur actions | 1e | 0,00 |
| Intérêts reçus sur obligations | 1e | 7.851.041,69 |
| Intérêts payés sur IRS |  | 0,00 |
| Intérêts créditeurs |  | 3.346,92 |
| Dividendes perçus sur CDS |  | 422.222,29 |
| Commissions perçues sur souscriptions et rachats | 4, 8 | 120.634,14 |
| Récupérations de taxes |  | 0,00 |
| Autres revenus |  | 0,00 |
| Total Revenus |  | 8.397.245,04 |
| Charges |  |  |
| Commission de performance | 5 | 0,00 |
| Commission de gestion | 5 | 1.150.217,60 |
| Commission de banque dépositaire |  | 41.586,62 |
| Taxe d'abonnement | 6 | 130.347,17 |
| Frais d'administration |  | 272.191,27 |
| Frais et commissions divers |  | 61.829,91 |
| Frais de transactions |  | 128.721,18 |
| Intérêts reçus sur IRS |  | 0,00 |
| Dividendes versés sur CDS |  | 1.250.694,39 |
| Intérêts débiteurs |  | 31.563,04 |
| Redevance aux autorités étrangères |  | 6.308,29 |
| Total Charges |  | 3.073.459,47 |
| Revenus / Pertes Net(te)s |  | 5.323.785,57 |
| Plus ou moins-value nette réalisée |  |  |
| - sur investissements | 1b | -2.883.141,36 |
| - sur devises |  | -1.061.849,25 |
| - sur changes à terme |  | 1.326.542,03 |
| - sur futures |  | 76.950,00 |
| - sur IRS et CDS |  | 4.085.980,00 |
| Bénéfice / (Perte) Net(te) réalisé(e) |  | 6.868.266,99 |
| Variation de la plus ou moins-value nette non réalisée |  |  |
| - sur investissements | 1d | -414.612,15 |
| - sur changes à terme |  | 308.147,37 |
| - sur futures |  | -199.300,00 |
| - sur IRS et CDS |  | 0,00 |
| Résultat net des opérations |  | 6.562.502,21 |
| - Souscriptions |  | 70.843.011,33 |
| - Rachats |  | -50.973.782,65 |
| Dividendes payés | 12 | -3.762.798,84 |
| Variations de l'actif net |  | 22.668.932,05 |
| Actif net au début de l'exercice |  | 180.673.248,02 |
| Actif net à la fin de l'exercice |  | 203.342.180,07 |

DPAM L BONDS GOVERNMENT SUSTAINABLE HEDGED
|  | Notes | Valeur (en EUR) |
| --- | --- | --- |

| Revenus |  |  |
| --- | --- | --- |
| Dividendes reçus sur actions | 1e | 0,00 |
| Intérêts reçus sur obligations | 1e | 9.274.271,33 |
| Intérêts payés sur IRS |  | 0,00 |
| Intérêts créditeurs |  | 1.321,89 |
| Dividendes perçus sur CDS |  | 0,00 |
| Commissions perçues sur souscriptions et rachats | 4, 8 | 99.063,18 |
| Récupérations de taxes |  | 0,00 |
| Autres revenus |  | 0,00 |
| Total Revenus |  | 9.374.656,40 |
| Charges |  |  |
| Commission de performance | 5 | 0,00 |
| Commission de gestion | 5 | 1.270.329,99 |
| Commission de banque dépositaire |  | 160.682,75 |
| Taxe d'abonnement | 6 | 101.786,95 |
| Frais d'administration |  | 860.011,88 |
| Frais et commissions divers |  | 69.842,50 |
| Frais de transactions |  | 85.192,96 |
| Intérêts reçus sur IRS |  | 0,00 |
| Dividendes versés sur CDS |  | 0,00 |
| Intérêts débiteurs |  | 73.098,96 |
| Redevance aux autorités étrangères |  | 6.546,62 |
| Total Charges |  | 2.627.492,61 |
| Revenus / Pertes Net(te)s |  | 6.747.163,79 |
| Plus ou moins-value nette réalisée |  |  |
| - sur investissements | 1b | 4.021.412,59 |
| - sur devises |  | 716.711,57 |
| - sur changes à terme |  | 9.375.219,61 |
| - sur futures |  | -1.130.000,74 |
| - sur IRS et CDS |  | 0,00 |
| Bénéfice / (Perte) Net(te) réalisé(e) |  | 19.730.506,82 |
| Variation de la plus ou moins-value nette non réalisée |  |  |
| - sur investissements | 1d | 7.024.543,86 |
| - sur changes à terme |  | -7.547.081,25 |
| - sur futures |  | -232.350,00 |
| - sur IRS et CDS |  | 0,00 |
| Résultat net des opérations |  | 18.975.619,43 |
| - Souscriptions |  | 536.954.707,75 |
| - Rachats |  | -325.902.632,03 |
| Dividendes payés | 12 | 0,00 |
| Variations de l'actif net |  | 230.027.695,15 |
| Actif net au début de l'exercice |  | 562.120.308,41 |
| Actif net à la fin de l'exercice |  | 792.148.003,56 |

DPAM L EQUITIES CONVICTION RESEARCH
|  | Notes | Valeur (en EUR) |
| --- | --- | --- |

| Revenus |  |  |
| --- | --- | --- |
| Dividendes reçus sur actions | 1e | 5.302.244,04 |
| Intérêts reçus sur obligations | 1e | 0,00 |
| Intérêts payés sur IRS |  | 0,00 |
| Intérêts créditeurs |  | 10,89 |
| Dividendes perçus sur CDS |  | 0,00 |
| Commissions perçues sur souscriptions et rachats | 4, 8 | 0,00 |
| Récupérations de taxes |  | 2.690,00 |
| Autres revenus |  | 0,00 |
| Total Revenus |  | 5.304.944,93 |
| Charges |  |  |
| Commission de performance | 5 | 1.407.597,97 |
| Commission de gestion | 5 | 827.238,55 |
| Commission de banque dépositaire |  | 70.549,34 |
| Taxe d'abonnement | 6 | 61.790,34 |
| Frais d'administration |  | 350.658,85 |
| Frais et commissions divers |  | 41.607,26 |
| Frais de transactions |  | 510.576,31 |
| Intérêts reçus sur IRS |  | 0,00 |
| Dividendes versés sur CDS |  | 0,00 |
| Intérêts débiteurs |  | 40.568,67 |
| Redevance aux autorités étrangères |  | 7.277,32 |
| Total Charges |  | 3.317.864,61 |
| Revenus / Pertes Net(te)s |  | 1.987.080,32 |
| Plus ou moins-value nette réalisée |  |  |
| - sur investissements | 1b | -5.925.713,66 |
| - sur devises |  | 23.575,06 |
| - sur changes à terme |  | 0,00 |
| - sur futures |  | 0,00 |
| - sur IRS et CDS |  | 0,00 |
| Bénéfice / (Perte) Net(te) réalisé(e) |  | -3.915.058,28 |
| Variation de la plus ou moins-value nette non réalisée |  |  |
| - sur investissements | 1d | 10.838.798,99 |
| - sur changes à terme |  | 0,00 |
| - sur futures |  | 0,00 |
| - sur IRS et CDS |  | 0,00 |
| Résultat net des opérations |  | 6.923.740,71 |
| - Souscriptions |  | 64.981.588,25 |
| - Rachats |  | -20.604.899,91 |
| Dividendes payés | 12 | -726.982,00 |
| Variations de l'actif net |  | 50.573.447,05 |
| Actif net au début de l'exercice |  | 277.846.817,78 |
| Actif net à la fin de l'exercice |  | 328.420.264,83 |

DPAM L BONDS EUR HIGH YIELD SHORT TERM
|  | Notes | Valeur (en EUR) |
| --- | --- | --- |

| Revenus |  |  |
| --- | --- | --- |
| Dividendes reçus sur actions | 1e | 0,00 |
| Intérêts reçus sur obligations | 1e | 12.980.424,18 |
| Intérêts payés sur IRS |  | 0,00 |
| Intérêts créditeurs |  | 3,29 |
| Dividendes perçus sur CDS |  | 0,00 |
| Commissions perçues sur souscriptions et rachats | 4, 8 | 1.062.498,09 |
| Récupérations de taxes |  | 0,00 |
| Autres revenus |  | 0,00 |
| Total Revenus |  | 14.042.925,56 |
| Charges |  |  |
| Commission de performance | 5 | 0,00 |
| Commission de gestion | 5 | 1.189.395,83 |
| Commission de banque dépositaire |  | 90.456,53 |
| Taxe d'abonnement | 6 | 59.289,62 |
| Frais d'administration |  | 563.782,33 |
| Frais et commissions divers |  | 62.173,76 |
| Frais de transactions |  | 155.337,50 |
| Intérêts reçus sur IRS |  | 0,00 |
| Dividendes versés sur CDS |  | 0,00 |
| Intérêts débiteurs |  | 31.111,36 |
| Redevance aux autorités étrangères |  | 7.541,47 |
| Total Charges |  | 2.159.088,40 |
| Revenus / Pertes Net(te)s |  | 11.883.837,16 |
| Plus ou moins-value nette réalisée |  |  |
| - sur investissements | 1b | -32.122.637,83 |
| - sur devises |  | 42,73 |
| - sur changes à terme |  | -112,60 |
| - sur futures |  | 0,00 |
| - sur IRS et CDS |  | 0,00 |
| Bénéfice / (Perte) Net(te) réalisé(e) |  | -20.238.870,54 |
| Variation de la plus ou moins-value nette non réalisée |  |  |
| - sur investissements | 1d | 5.780.966,85 |
| - sur changes à terme |  | 0,00 |
| - sur futures |  | 0,00 |
| - sur IRS et CDS |  | 0,00 |
| Résultat net des opérations |  | -14.457.903,69 |
| - Souscriptions |  | 141.655.444,09 |
| - Rachats |  | -306.646.697,47 |
| Dividendes payés | 12 | -806.487,83 |
| Variations de l'actif net |  | -180.255.644,90 |
| Actif net au début de l'exercice |  | 523.387.425,04 |
| Actif net à la fin de l'exercice |  | 343.131.780,14 |

DPAM L PATRIMONIAL FUND
|  | Notes | Valeur (en EUR) |
| --- | --- | --- |

| Revenus |  |  |
| --- | --- | --- |
| Dividendes reçus sur actions | 1e | 167.239,26 |
| Intérêts reçus sur obligations | 1e | 1.145.358,50 |
| Intérêts payés sur IRS |  | 0,00 |
| Intérêts créditeurs |  | 5.042,11 |
| Dividendes perçus sur CDS |  | 0,00 |
| Commissions perçues sur souscriptions et rachats | 4, 8 | 0,00 |
| Récupérations de taxes |  | 0,00 |
| Autres revenus |  | 3.965,03 |
| Total Revenus |  | 1.321.604,90 |
| Charges |  |  |
| Commission de performance | 5 | 236.726,48 |
| Commission de gestion | 5 | 772.734,19 |
| Commission de banque dépositaire |  | 20.869,57 |
| Taxe d'abonnement | 6 | 133.436,71 |
| Frais d'administration |  | 301.561,68 |
| Frais et commissions divers |  | 23.075,93 |
| Frais de transactions |  | 113.080,67 |
| Intérêts reçus sur IRS |  | 0,00 |
| Dividendes versés sur CDS |  | 0,00 |
| Intérêts débiteurs |  | 29.575,93 |
| Redevance aux autorités étrangères |  | 5.841,29 |
| Total Charges |  | 1.636.902,45 |
| Revenus / Pertes Net(te)s |  | -315.297,55 |
| Plus ou moins-value nette réalisée |  |  |
| - sur investissements | 1b | 540.106,73 |
| - sur devises |  | -101.158,41 |
| - sur changes à terme |  | 1.170.076,97 |
| - sur futures |  | 2.553.166,18 |
| - sur IRS et CDS |  | 0,00 |
| Bénéfice / (Perte) Net(te) réalisé(e) |  | 3.846.893,92 |
| Variation de la plus ou moins-value nette non réalisée |  |  |
| - sur investissements | 1d | -3.999.304,81 |
| - sur changes à terme |  | -47.298,73 |
| - sur futures |  | 182.266,37 |
| - sur IRS et CDS |  | 0,00 |
| Résultat net des opérations |  | -17.443,25 |
| - Souscriptions |  | 139.457.016,05 |
| - Rachats |  | -45.351.966,29 |
| Dividendes payés | 12 | -435.653,63 |
| Variations de l'actif net |  | 93.651.952,88 |
| Actif net au début de l'exercice |  | 102.519.310,22 |
| Actif net à la fin de l'exercice |  | 196.171.263,10 |

DPAM L BONDS EMERGING MARKETS SUSTAINABLE
|  | Notes | Valeur (en EUR) |
| --- | --- | --- |

| Revenus |  |  |
| --- | --- | --- |
| Dividendes reçus sur actions | 1e | 0,00 |
| Intérêts reçus sur obligations | 1e | 96.490.728,95 |
| Intérêts payés sur IRS |  | 133.687,79 |
| Intérêts créditeurs |  | 500.927,29 |
| Dividendes perçus sur CDS |  | 0,00 |
| Commissions perçues sur souscriptions et rachats | 4, 8 | 284.124,23 |
| Récupérations de taxes |  | 118.389,40 |
| Autres revenus |  | 0,00 |
| Total Revenus |  | 97.527.857,66 |
| Charges |  |  |
| Commission de performance | 5 | 0,00 |
| Commission de gestion | 5 | 7.948.123,99 |
| Commission de banque dépositaire |  | 446.638,02 |
| Taxe d'abonnement | 6 | 394.030,73 |
| Frais d'administration |  | 2.255.875,26 |
| Frais et commissions divers |  | 348.089,61 |
| Frais de transactions |  | 2.578.517,40 |
| Intérêts reçus sur IRS |  | 41.141,09 |
| Dividendes versés sur CDS |  | 0,00 |
| Intérêts débiteurs |  | 694.803,02 |
| Redevance aux autorités étrangères |  | 95.709,90 |
| Total Charges |  | 14.802.929,02 |
| Revenus / Pertes Net(te)s |  | 82.724.928,64 |
| Plus ou moins-value nette réalisée |  |  |
| - sur investissements | 1b | -55.316.330,65 |
| - sur devises |  | -5.014.963,74 |
| - sur changes à terme |  | -429.263,41 |
| - sur futures |  | -5.300.251,57 |
| - sur IRS et CDS |  | 0,00 |
| Bénéfice / (Perte) Net(te) réalisé(e) |  | 16.664.119,27 |
| Variation de la plus ou moins-value nette non réalisée |  |  |
| - sur investissements | 1d | -57.512.735,37 |
| - sur changes à terme |  | -982.810,86 |
| - sur futures |  | -1.208.088,16 |
| - sur IRS et CDS |  | -81.026,39 |
| Résultat net des opérations |  | -43.120.541,51 |
| - Souscriptions |  | 1.506.814.039,30 |
| - Rachats |  | -728.836.222,56 |
| Dividendes payés | 12 | -16.248.651,86 |
| Variations de l'actif net |  | 718.608.623,37 |
| Actif net au début de l'exercice |  | 1.965.768.653,09 |
| Actif net à la fin de l'exercice |  | 2.684.377.276,46 |

DPAM L BONDS EUR CORPORATE HIGH YIELD
|  | Notes | Valeur (en EUR) |
| --- | --- | --- |

| Revenus |  |  |
| --- | --- | --- |
| Dividendes reçus sur actions | 1e | 0,00 |
| Intérêts reçus sur obligations | 1e | 14.710.294,99 |
| Intérêts payés sur IRS |  | 0,00 |
| Intérêts créditeurs |  | 0,00 |
| Dividendes perçus sur CDS |  | 718.054,63 |
| Commissions perçues sur souscriptions et rachats | 4, 8 | 263.064,73 |
| Récupérations de taxes |  | 0,00 |
| Autres revenus |  | 0,00 |
| Total Revenus |  | 15.691.414,35 |
| Charges |  |  |
| Commission de performance | 5 | 0,00 |
| Commission de gestion | 5 | 1.452.135,84 |
| Commission de banque dépositaire |  | 90.508,43 |
| Taxe d'abonnement | 6 | 68.522,59 |
| Frais d'administration |  | 541.732,95 |
| Frais et commissions divers |  | 62.099,28 |
| Frais de transactions |  | 180.403,36 |
| Intérêts reçus sur IRS |  | 0,00 |
| Dividendes versés sur CDS |  | 765.972,04 |
| Intérêts débiteurs |  | 31.865,59 |
| Redevance aux autorités étrangères |  | 7.237,98 |
| Total Charges |  | 3.200.478,06 |
| Revenus / Pertes Net(te)s |  | 12.490.936,29 |
| Plus ou moins-value nette réalisée |  |  |
| - sur investissements | 1b | -5.460.384,81 |
| - sur devises |  | 73,02 |
| - sur changes à terme |  | 0,00 |
| - sur futures |  | 350,00 |
| - sur IRS et CDS |  | 1.433.664,22 |
| Bénéfice / (Perte) Net(te) réalisé(e) |  | 8.464.638,72 |
| Variation de la plus ou moins-value nette non réalisée |  |  |
| - sur investissements | 1d | 2.739.752,00 |
| - sur changes à terme |  | 0,00 |
| - sur futures |  | -62.750,00 |
| - sur IRS et CDS |  | 0,00 |
| Résultat net des opérations |  | 11.141.640,72 |
| - Souscriptions |  | 274.301.678,33 |
| - Rachats |  | -182.796.920,24 |
| Dividendes payés | 12 | -1.226.377,60 |
| Variations de l'actif net |  | 101.420.021,21 |
| Actif net au début de l'exercice |  | 336.882.124,78 |
| Actif net à la fin de l'exercice |  | 438.302.145,99 |

DPAM L GLOBAL TARGET INCOME
|  | Notes | Valeur (en EUR) |
| --- | --- | --- |

| Revenus |  |  |
| --- | --- | --- |
| Dividendes reçus sur actions | 1e | 0,00 |
| Intérêts reçus sur obligations | 1e | 0,00 |
| Intérêts payés sur IRS |  | 0,00 |
| Intérêts créditeurs |  | 3.174,96 |
| Dividendes perçus sur CDS |  | 0,00 |
| Commissions perçues sur souscriptions et rachats | 4, 8 | 0,00 |
| Récupérations de taxes |  | 0,00 |
| Autres revenus |  | 0,00 |
| Total Revenus |  | 3.174,96 |
| Charges |  |  |
| Commission de performance | 5 | 0,00 |
| Commission de gestion | 5 | 446.099,97 |
| Commission de banque dépositaire |  | 17.197,50 |
| Taxe d'abonnement | 6 | 2.997,62 |
| Frais d'administration |  | 117.184,48 |
| Frais et commissions divers |  | 31.198,60 |
| Frais de transactions |  | 11.107,38 |
| Intérêts reçus sur IRS |  | 0,00 |
| Dividendes versés sur CDS |  | 0,00 |
| Intérêts débiteurs |  | 12.700,46 |
| Redevance aux autorités étrangères |  | 5.788,27 |
| Total Charges |  | 644.274,28 |
| Revenus / Pertes Net(te)s |  | -641.099,32 |
| Plus ou moins-value nette réalisée |  |  |
| - sur investissements | 1b | -3.583.575,36 |
| - sur devises |  | -89.163,99 |
| - sur changes à terme |  | 7.436,05 |
| - sur futures |  | 1.328.907,07 |
| - sur IRS et CDS |  | 0,00 |
| Bénéfice / (Perte) Net(te) réalisé(e) |  | -2.977.495,55 |
| Variation de la plus ou moins-value nette non réalisée |  |  |
| - sur investissements | 1d | -1.206.427,73 |
| - sur changes à terme |  | 0,00 |
| - sur futures |  | 316.943,05 |
| - sur IRS et CDS |  | 0,00 |
| Résultat net des opérations |  | -3.866.980,23 |
| - Souscriptions |  | 23.544.903,71 |
| - Rachats |  | -32.001.462,43 |
| Dividendes payés | 12 | -797.680,27 |
| Variations de l'actif net |  | -13.121.219,22 |
| Actif net au début de l'exercice |  | 81.828.024,87 |
| Actif net à la fin de l'exercice |  | 68.706.805,65 |

DPAM L BONDS EUR GOVERNMENT 1-5 (liquidé le 7 décembre 2020)
|  | Notes | Valeur (en EUR) |
| --- | --- | --- |

| Revenus |  |  |
| --- | --- | --- |
| Dividendes reçus sur actions | 1e | 0,00 |
| Intérêts reçus sur obligations | 1e | 231.780,86 |
| Intérêts payés sur IRS |  | 0,00 |
| Intérêts créditeurs |  | 0,00 |
| Dividendes perçus sur CDS |  | 0,00 |
| Commissions perçues sur souscriptions et rachats | 4, 8 | 1.045,00 |
| Récupérations de taxes |  | 0,00 |
| Autres revenus |  | 0,00 |
| Total Revenus |  | 232.825,86 |
| Charges |  |  |
| Commission de performance | 5 | 0,00 |
| Commission de gestion | 5 | 7.477,86 |
| Commission de banque dépositaire |  | 2.122,73 |
| Taxe d'abonnement | 6 | 2.650,87 |
| Frais d'administration |  | 37.980,74 |
| Frais et commissions divers |  | 35.507,11 |
| Frais de transactions |  | 6.963,46 |
| Intérêts reçus sur IRS |  | 0,00 |
| Dividendes versés sur CDS |  | 0,00 |
| Intérêts débiteurs |  | 1.756,17 |
| Redevance aux autorités étrangères |  | 5.439,94 |
| Total Charges |  | 99.898,88 |
| Revenus / Pertes Net(te)s |  | 132.926,98 |
| Plus ou moins-value nette réalisée |  |  |
| - sur investissements | 1b | -295.044,60 |
| - sur devises |  | 0,00 |
| - sur changes à terme |  | 0,00 |
| - sur futures |  | 3.990,00 |
| - sur IRS et CDS |  | 0,00 |
| Bénéfice / (Perte) Net(te) réalisé(e) |  | -158.127,62 |
| Variation de la plus ou moins-value nette non réalisée |  |  |
| - sur investissements | 1d | 124.916,75 |
| - sur changes à terme |  | 0,00 |
| - sur futures |  | -1.865,00 |
| - sur IRS et CDS |  | 0,00 |
| Résultat net des opérations |  | -35.075,87 |
| - Souscriptions |  | 6.939.987,29 |
| - Rachats |  | -15.504.142,27 |
| Dividendes payés | 12 | 0,00 |
| Variations de l'actif net |  | -8.599.230,85 |
| Actif net au début de l'exercice |  | 8.599.230,85 |
| Actif net à la fin de l'exercice |  | 0,00 |

DPAM L BALANCED CONSERVATIVE SUSTAINABLE
|  | Notes | Valeur (en EUR) |
| --- | --- | --- |

| Revenus |  |  |
| --- | --- | --- |
| Dividendes reçus sur actions | 1e | 240.956,73 |
| Intérêts reçus sur obligations | 1e | 326.804,94 |
| Intérêts payés sur IRS |  | 0,00 |
| Intérêts créditeurs |  | 39,79 |
| Dividendes perçus sur CDS |  | 0,00 |
| Commissions perçues sur souscriptions et rachats | 4, 8 | 14.522,22 |
| Récupérations de taxes |  | 279,19 |
| Autres revenus |  | 264,91 |
| Total Revenus |  | 582.867,78 |
| Charges |  |  |
| Commission de performance | 5 | 0,00 |
| Commission de gestion | 5 | 458.308,20 |
| Commission de banque dépositaire |  | 11.393,12 |
| Taxe d'abonnement | 6 | 94.107,80 |
| Frais d'administration |  | 82.263,23 |
| Frais et commissions divers |  | 22.236,40 |
| Frais de transactions |  | 62.477,63 |
| Intérêts reçus sur IRS |  | 0,00 |
| Dividendes versés sur CDS |  | 0,00 |
| Intérêts débiteurs |  | 8.390,04 |
| Redevance aux autorités étrangères |  | 5.812,14 |
| Total Charges |  | 744.988,56 |
| Revenus / Pertes Net(te)s |  | -162.120,78 |
| Plus ou moins-value nette réalisée |  |  |
| - sur investissements | 1b | 1.780.411,16 |
| - sur devises |  | -3.495,30 |
| - sur changes à terme |  | 0,00 |
| - sur futures |  | 0,01 |
| - sur IRS et CDS |  | 0,00 |
| Bénéfice / (Perte) Net(te) réalisé(e) |  | 1.614.795,09 |
| Variation de la plus ou moins-value nette non réalisée |  |  |
| - sur investissements | 1d | 1.494.565,00 |
| - sur changes à terme |  | 0,00 |
| - sur futures |  | 0,00 |
| - sur IRS et CDS |  | 0,00 |
| Résultat net des opérations |  | 3.109.360,09 |
| - Souscriptions |  | 19.170.361,81 |
| - Rachats |  | -17.291.522,99 |
| Dividendes payés | 12 | -64.794,95 |
| Variations de l'actif net |  | 4.923.403,96 |
| Actif net au début de l'exercice |  | 52.340.166,46 |
| Actif net à la fin de l'exercice |  | 57.263.570,42 |

DPAM L BONDS CLIMATE TRENDS SUSTAINABLE
|  | Notes | Valeur (en EUR) |
| --- | --- | --- |

| Revenus |  |  |
| --- | --- | --- |
| Dividendes reçus sur actions | 1e | 0,00 |
| Intérêts reçus sur obligations | 1e | 1.262.028,54 |
| Intérêts payés sur IRS |  | 0,00 |
| Intérêts créditeurs |  | 450,19 |
| Dividendes perçus sur CDS |  | 0,00 |
| Commissions perçues sur souscriptions et rachats | 4, 8 | 27.837,19 |
| Récupérations de taxes |  | 0,00 |
| Autres revenus |  | 0,00 |
| Total Revenus |  | 1.290.315,92 |
| Charges |  |  |
| Commission de performance | 5 | 0,00 |
| Commission de gestion | 5 | 143.598,92 |
| Commission de banque dépositaire |  | 20.614,39 |
| Taxe d'abonnement | 6 | 13.824,32 |
| Frais d'administration |  | 135.553,56 |
| Frais et commissions divers |  | 13.931,72 |
| Frais de transactions |  | 34.918,10 |
| Intérêts reçus sur IRS |  | 0,00 |
| Dividendes versés sur CDS |  | 0,00 |
| Intérêts débiteurs |  | 14.267,32 |
| Redevance aux autorités étrangères |  | 8.841,32 |
| Total Charges |  | 385.549,65 |
| Revenus / Pertes Net(te)s |  | 904.766,27 |
| Plus ou moins-value nette réalisée |  |  |
| - sur investissements | 1b | 43.425,32 |
| - sur devises |  | -38.958,08 |
| - sur changes à terme |  | 0,00 |
| - sur futures |  | -103.110,00 |
| - sur IRS et CDS |  | 0,00 |
| Bénéfice / (Perte) Net(te) réalisé(e) |  | 806.123,51 |
| Variation de la plus ou moins-value nette non réalisée |  |  |
| - sur investissements | 1d | 3.662.448,55 |
| - sur changes à terme |  | 0,00 |
| - sur futures |  | -24.900,00 |
| - sur IRS et CDS |  | 0,00 |
| Résultat net des opérations |  | 4.443.672,06 |
| - Souscriptions |  | 109.494.256,40 |
| - Rachats |  | -2.926.517,07 |
| Dividendes payés | 12 | 0,00 |
| Variations de l'actif net |  | 111.011.411,39 |
| Actif net au début de l'exercice |  | 51.326.850,94 |
| Actif net à la fin de l'exercice |  | 162.338.262,33 |

DPAM L BONDS GOVERNMENT SUSTAINABLE (lancé le 24 janvier 2020)
|  | Notes | Valeur (en EUR) |
| --- | --- | --- |

| Revenus |  |  |
| --- | --- | --- |
| Dividendes reçus sur actions | 1e | 0,00 |
| Intérêts reçus sur obligations | 1e | 1.050.860,12 |
| Intérêts payés sur IRS |  | 0,00 |
| Intérêts créditeurs |  | 468,37 |
| Dividendes perçus sur CDS |  | 0,00 |
| Commissions perçues sur souscriptions et rachats | 4, 8 | 26.870,28 |
| Récupérations de taxes |  | 0,00 |
| Autres revenus |  | 0,00 |
| Total Revenus |  | 1.078.198,77 |
| Charges |  |  |
| Commission de performance | 5 | 0,00 |
| Commission de gestion | 5 | 90.482,13 |
| Commission de banque dépositaire |  | 20.821,06 |
| Taxe d'abonnement | 6 | 8.749,06 |
| Frais d'administration |  | 109.323,71 |
| Frais et commissions divers |  | 36.039,89 |
| Frais de transactions |  | 21.734,08 |
| Intérêts reçus sur IRS |  | 0,00 |
| Dividendes versés sur CDS |  | 0,00 |
| Intérêts débiteurs |  | 7.738,94 |
| Redevance aux autorités étrangères |  | 5.782,55 |
| Total Charges |  | 300.671,42 |
| Revenus / Pertes Net(te)s |  | 777.527,35 |
| Plus ou moins-value nette réalisée |  |  |
| - sur investissements | 1b | -840.682,37 |
| - sur devises |  | 108.908,83 |
| - sur changes à terme |  | -70.486,71 |
| - sur futures |  | -127.007,87 |
| - sur IRS et CDS |  | 0,00 |
| Bénéfice / (Perte) Net(te) réalisé(e) |  | -151.740,77 |
| Variation de la plus ou moins-value nette non réalisée |  |  |
| - sur investissements | 1d | 735.904,61 |
| - sur changes à terme |  | -460.663,40 |
| - sur futures |  | 13.924,90 |
| - sur IRS et CDS |  | 0,00 |
| Résultat net des opérations |  | 137.425,34 |
| - Souscriptions |  | 105.100.904,39 |
| - Rachats |  | -18.299.724,79 |
| Dividendes payés | 12 | 0,00 |
| Variations de l'actif net |  | 86.938.604,94 |
| Actif net au début de l'exercice |  | 0,00 |
| Actif net à la fin de l'exercice |  | 86.938.604,94 |

DPAM L CONVERTIBLE WORLD SUSTAINABLE (lancé le 30 octobre 2020)
|  | Notes | Valeur (en EUR) |
| --- | --- | --- |

| Revenus |  |  |
| --- | --- | --- |
| Dividendes reçus sur actions | 1e | 0,00 |
| Intérêts reçus sur obligations | 1e | 12.938,14 |
| Intérêts payés sur IRS |  | 0,00 |
| Intérêts créditeurs |  | 11,82 |
| Dividendes perçus sur CDS |  | 0,00 |
| Commissions perçues sur souscriptions et rachats | 4, 8 | 0,00 |
| Récupérations de taxes |  | 0,00 |
| Autres revenus |  | 0,00 |
| Total Revenus |  | 12.949,96 |
| Charges |  |  |
| Commission de performance | 5 | 0,00 |
| Commission de gestion | 5 | 16.696,97 |
| Commission de banque dépositaire |  | 848,06 |
| Taxe d'abonnement | 6 | 1.741,01 |
| Frais d'administration |  | 5.042,68 |
| Frais et commissions divers |  | 1.990,97 |
| Frais de transactions |  | 21.793,01 |
| Intérêts reçus sur IRS |  | 0,00 |
| Dividendes versés sur CDS |  | 0,00 |
| Intérêts débiteurs |  | 1.894,48 |
| Redevance aux autorités étrangères |  | 2.600,00 |
| Total Charges |  | 52.607,18 |
| Revenus / Pertes Net(te)s |  | -39.657,22 |
| Plus ou moins-value nette réalisée |  |  |
| - sur investissements | 1b | 208.049,39 |
| - sur devises |  | 10.294,22 |
| - sur changes à terme |  | -557,87 |
| - sur futures |  | 119.931,45 |
| - sur IRS et CDS |  | 0,00 |
| Bénéfice / (Perte) Net(te) réalisé(e) |  | 298.059,97 |
| Variation de la plus ou moins-value nette non réalisée |  |  |
| - sur investissements | 1d | 782.997,47 |
| - sur changes à terme |  | 342.031,28 |
| - sur futures |  | -90.719,79 |
| - sur IRS et CDS |  | 0,00 |
| Résultat net des opérations |  | 1.332.368,93 |
| - Souscriptions |  | 29.136.931,80 |
| - Rachats |  | -1.601.809,50 |
| Dividendes payés | 12 | 0,00 |
| Variations de l'actif net |  | 28.867.491,23 |
| Actif net au début de l'exercice |  | 0,00 |
| Actif net à la fin de l'exercice |  | 28.867.491,23 |

DPAM L BONDS EUR QUALITY SUSTAINABLE
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| Valeurs mobilières admises à la cote officielle d'une bourse de |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- |
| valeurs ou négociées sur un autre marché réglementé |  |  |  |  |  |
| Obligations |  |  |  |  |  |
| ABBOTT IRELAND FINANCE 0,375 19-191127 | 2.500.000 | EUR | 2.481.400,00 | 2.569.012,50 | 0,18% |
| ABBOTT IRELAND FINANCE 0,875 18-270923 | 1.500.000 | EUR | 1.498.680,00 | 1.546.072,50 | 0,11% |
| ABBOTT IRELAND FINANCE 1,50 18-270926 | 4.000.000 | EUR | 3.997.910,00 | 4.351.620,00 | 0,30% |
| AB INBEV 2,875 20-020432 | 8.000.000 | EUR | 9.006.969,99 | 10.052.520,00 | 0,69% |
| ACTIVIDADES DE CONSTRUCCION Y SERVICIOS 1,375 20-170625 | 1.500.000 | EUR | 1.499.205,00 | 1.540.987,50 | 0,11% |
| ADIDAS A.G. 0,00 20-051028 | 1.000.000 | EUR | 994.100,00 | 1.008.550,00 | 0,07% |
| AEROPORTS DE PARIS 1,00 20-050129 | 3.000.000 | EUR | 2.936.040,00 | 3.190.320,00 | 0,22% |
| AGEAS N.V. FRN 20-241151 | 4.000.000 | EUR | 3.985.040,00 | 4.070.200,00 | 0,28% |
| AHOLD DELHAIZE N.V. 1,125 18-190326 | 4.000.000 | EUR | 4.086.140,00 | 4.260.700,00 | 0,29% |
| AIR LIQUIDE FINANCE 0,625 19-200630 | 2.200.000 | EUR | 2.177.736,00 | 2.337.511,00 | 0,16% |
| AIR LIQUIDE FINANCE 1,875 14-050624 | 2.000.000 | EUR | 2.042.072,68 | 2.150.660,00 | 0,15% |
| AIR PRODUCTS & CHEMICALS INC. 0,50 20-050528 | 1.300.000 | EUR | 1.295.125,00 | 1.346.852,00 | 0,09% |
| AKELIUS RESIDENTIAL 1,125 20-110129 | 1.000.000 | EUR | 998.610,00 | 1.034.345,00 | 0,07% |
| AKELIUS RESIDENTIAL PROPERTY 1,125 17-141124 | 1.500.000 | EUR | 1.477.500,00 | 1.545.360,00 | 0,11% |
| AKZO NOBEL N.V. 1,625 20-140430 | 1.000.000 | EUR | 993.970,00 | 1.130.720,00 | 0,08% |
| ALLIANDER N.V. 0,375 20-100630 | 1.500.000 | EUR | 1.496.775,00 | 1.551.562,50 | 0,11% |
| ALLIANDER N.V. FRN 18-PERPETUAL | 2.400.000 | EUR | 2.379.456,00 | 2.536.296,00 | 0,17% |
| ALLIANZ SE 3,099 17-060747 | 2.000.000 | EUR | 2.048.485,45 | 2.315.800,00 | 0,16% |
| ALLIANZ SE FRN 12-171042 | 1.000.000 | EUR | 1.200.800,00 | 1.099.620,00 | 0,08% |
| ALLIANZ SE FRN 15-070745 | 3.000.000 | EUR | 3.035.130,00 | 3.237.930,00 | 0,22% |
| ALLIANZ SE FRN 19-250949 | 2.000.000 | EUR | 1.992.290,00 | 2.072.290,00 | 0,14% |
| AMERICA MOBIL SAB DE CV 1,50 16-100324 | 2.000.000 | EUR | 2.063.400,00 | 2.096.560,00 | 0,14% |
| AMERICA MOVIL S.A.B. DE CV 0,75 19-260627 | 8.000.000 | EUR | 7.952.209,99 | 8.251.560,00 | 0,57% |
| AMERICA MOVIL S.A.B. DE CV 2,125 16-100328 | 7.000.000 | EUR | 7.927.429,78 | 7.933.030,00 | 0,55% |
| AMERICA MOVIL S.A.B. DE CV FRN 13-060973 | 9.800.000 | EUR | 11.397.688,41 | 11.267.060,00 | 0,78% |
| AMERICAN HONDA FINANCE 1,95 20-181024 | 2.000.000 | EUR | 1.997.360,00 | 2.152.350,00 | 0,15% |
| ANHEUSER BUSCH INBEV 1,15 18-220127 | 2.000.000 | EUR | 1.994.266,00 | 2.136.390,00 | 0,15% |
| ANHEUSER BUSCH INBEV 1,65 19-280331 | 3.000.000 | EUR | 2.984.490,00 | 3.378.705,00 | 0,23% |
| ANHEUSER BUSCH INBEV 2,75 16-170336 | 4.000.000 | EUR | 4.196.345,00 | 5.051.140,00 | 0,35% |
| ANZ BANKING GROUP FRN 19-211129 | 3.000.000 | EUR | 3.003.726,00 | 3.059.550,00 | 0,21% |
| ARGENTA SPAARBANK 1,00 19-060224 | 4.000.000 | EUR | 3.998.840,00 | 4.146.960,00 | 0,29% |
| ARGENTA SPAARBANK 1,00 20-290127 | 2.000.000 | EUR | 1.990.600,00 | 2.050.970,00 | 0,14% |
| ARGENTA SPAARBANK 1,0 20-131026 | 2.500.000 | EUR | 2.485.850,00 | 2.554.875,00 | 0,18% |
| ARGENTA SPAARBANK 3,875 16-240526 | 4.000.000 | EUR | 4.040.200,00 | 4.060.400,00 | 0,28% |
| ARGENTUM NETHERLAND 2,00 18-170930 | 1.200.000 | EUR | 1.198.860,00 | 1.412.496,00 | 0,10% |
| ARGENTUM NETHERLAND FRN 19-190249 | 3.000.000 | EUR | 2.974.740,00 | 3.434.850,00 | 0,24% |
| ARKEMA 1,50 15-200125 | 1.500.000 | EUR | 1.541.985,00 | 1.599.517,50 | 0,11% |
| ARKEMA 1,50 17-200427 | 4.000.000 | EUR | 3.940.000,00 | 4.366.160,00 | 0,30% |
| AROUNDTOWN PROPERTY FRN 19-PERPETUAL | 5.000.000 | EUR | 5.127.345,62 | 5.150.425,00 | 0,35% |
| AROUNDTOWN S.A. 0,00 20-160726 | 2.000.000 | EUR | 1.962.900,00 | 1.961.560,00 | 0,13% |
| ASAHI GROUP 0,155 20-231024 | 1.400.000 | EUR | 1.400.000,00 | 1.408.883,00 | 0,10% |
| ASAHI GROUP 0,541 20-231028 | 2.000.000 | EUR | 2.000.000,00 | 2.033.250,00 | 0,14% |
| ASML HLDG N.V. 0,25 20-250230 | 2.000.000 | EUR | 1.980.580,00 | 2.042.290,00 | 0,14% |
| ASML HLDG N.V. 0,625 20-070529 | 1.000.000 | EUR | 998.950,00 | 1.051.050,00 | 0,07% |
| ASSICURAZIONI GENERALI 2,429 20-140731 | 2.700.000 | EUR | 2.700.000,00 | 2.964.195,00 | 0,20% |
| ASSICURAZIONI GENERALI 3,875 19-290129 | 3.000.000 | EUR | 3.423.586,61 | 3.579.585,00 | 0,25% |

DPAM L BONDS EUR QUALITY SUSTAINABLE
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| ASSICURAZIONI GENERALI FRN 16-080648 | 5.000.000 | EUR | 5.795.180,00 | 6.065.275,00 | 0,42% |
| --- | --- | --- | --- | --- | --- |
| AT&T INC. 1,45 14-010622 | 1.500.000 | EUR | 1.495.710,00 | 1.530.037,50 | 0,11% |
| AT&T INC. 1,60 20-190528 | 2.000.000 | EUR | 1.998.520,00 | 2.185.530,00 | 0,15% |
| AT&T INC. 3,15 17-040936 | 3.000.000 | EUR | 3.185.845,00 | 3.804.330,00 | 0,26% |
| AT&T INC. 3,55 12-171232 | 2.000.000 | EUR | 2.326.200,00 | 2.622.630,00 | 0,18% |
| ATF NETHERLANDS B.V. 1,875 17-190126 | 3.100.000 | EUR | 3.031.741,00 | 3.344.931,00 | 0,23% |
| ATOS SE 0,75 18-070522 | 3.000.000 | EUR | 2.992.620,00 | 3.038.580,00 | 0,21% |
| AUTOROUTES DU SUD DE LA FRANCE 1,00 16-130526 | 1.200.000 | EUR | 1.186.788,00 | 1.275.150,00 | 0,09% |
| AXA FRN 13-040743 | 2.500.000 | EUR | 2.801.930,00 | 2.807.112,50 | 0,19% |
| AXA FRN 14-PERPETUAL | 2.500.000 | EUR | 2.656.725,00 | 2.844.812,50 | 0,20% |
| AXA FRN 18-280549 | 3.000.000 | EUR | 3.222.204,34 | 3.514.980,00 | 0,24% |
| BANCO BILBAO VIZCAYA 0,50 20-140127 | 2.000.000 | EUR | 1.984.280,00 | 2.043.350,00 | 0,14% |
| BANCO DE SABADELL 1,625 18-070324 | 6.000.000 | EUR | 6.150.790,00 | 6.270.060,00 | 0,43% |
| BANCO DE SABADELL 1,75 20-290623 | 400.000 | EUR | 399.884,00 | 410.368,00 | 0,03% |
| BANCO DE SABADELL FRN 20-110327 | 1.500.000 | EUR | 1.538.280,00 | 1.552.507,50 | 0,11% |
| BANCO SANTANDER S.A. 1,125 18-170125 | 1.900.000 | EUR | 1.895.934,00 | 1.976.988,00 | 0,14% |
| BANKINTER S.A. 0,625 20-061027 | 2.700.000 | EUR | 2.689.956,00 | 2.757.753,00 | 0,19% |
| BANK OF AMERICA 0,736 17-070222 | 2.000.000 | EUR | 2.000.000,00 | 2.002.100,00 | 0,14% |
| BANK OF AMERICA 1,625 15-140922 | 4.200.000 | EUR | 4.220.496,00 | 4.335.954,00 | 0,30% |
| BANK OF AMERICA FRN 19-080829 | 3.000.000 | EUR | 3.000.000,00 | 3.076.545,00 | 0,21% |
| BARCLAYS PLC FRN 19-090625 | 1.800.000 | EUR | 1.792.962,00 | 1.836.801,00 | 0,13% |
| BAXTER INTERNATIONAL 1,30 19-150529 | 6.000.000 | EUR | 6.425.470,01 | 6.529.620,00 | 0,45% |
| BECTON DICKINSON 1,90 16-151226 | 4.000.000 | EUR | 4.165.762,63 | 4.326.900,00 | 0,30% |
| BELFIUS BANQUE 0,375 20-020925 | 2.000.000 | EUR | 1.995.360,00 | 2.021.380,00 | 0,14% |
| BFCM 0,75 19-150623 | 1.500.000 | EUR | 1.492.380,00 | 1.538.722,50 | 0,11% |
| BFCM 1,25 17-260527 | 2.000.000 | EUR | 1.991.926,76 | 2.165.910,00 | 0,15% |
| BFCM 1,875 16-041126 | 3.000.000 | EUR | 2.963.443,50 | 3.252.900,00 | 0,22% |
| BFCM 1,875 19-180629 | 2.000.000 | EUR | 1.993.680,00 | 2.206.420,00 | 0,15% |
| BMW FINANCE N.V. 0,25 18-140122 | 3.000.000 | EUR | 2.987.550,00 | 3.017.250,00 | 0,21% |
| BMW FINANCE N.V. 0,375 20-140127 | 3.000.000 | EUR | 3.007.420,00 | 3.078.375,00 | 0,21% |
| BMW FINANCE N.V. 1,50 19-060229 | 6.000.000 | EUR | 6.290.196,90 | 6.700.350,00 | 0,46% |
| BNP PARIBAS S.A. 0,625 20-031232 | 4.700.000 | EUR | 4.695.676,00 | 4.752.334,50 | 0,33% |
| BNP PARIBAS S.A. 1,125 18-221123 | 1.500.000 | EUR | 1.498.350,00 | 1.554.577,50 | 0,11% |
| BNP PARIBAS S.A. 1,375 19-280529 | 2.000.000 | EUR | 1.988.220,00 | 2.175.860,00 | 0,15% |
| BNP PARIBAS S.A. 2,375 15-170225 | 1.500.000 | EUR | 1.632.450,00 | 1.616.377,50 | 0,11% |
| BNP PARIBAS S.A. FRN 14-141027 | 3.500.000 | EUR | 3.561.930,00 | 3.641.785,00 | 0,25% |
| BNP PARIBAS S.A. FRN 18-201130 | 2.000.000 | EUR | 2.061.252,00 | 2.162.710,00 | 0,15% |
| BNP PARIBAS S.A. FRN 19-230127 | 3.000.000 | EUR | 3.062.780,00 | 3.290.790,00 | 0,23% |
| BNP PARIBAS S.A. FRN 20-010928 | 3.000.000 | EUR | 2.978.880,00 | 3.033.705,00 | 0,21% |
| BNP PARIBAS S.A. FRN 20-141027 | 2.000.000 | EUR | 1.995.620,00 | 2.025.280,00 | 0,14% |
| BNP PARIBAS S.A. FRN 20-190228 | 3.000.000 | EUR | 2.990.550,00 | 3.036.180,00 | 0,21% |
| BOOKING HLDG 0,80 17-100322 | 2.000.000 | EUR | 2.008.180,00 | 2.021.920,00 | 0,14% |
| BOSTON SCIENTIFIC 0,625 19-011227 | 2.000.000 | EUR | 1.986.810,00 | 2.022.570,00 | 0,14% |
| BOUYGUES 1,125 20-240728 | 4.000.000 | EUR | 4.080.440,00 | 4.337.100,00 | 0,30% |
| BOUYGUES 3,625 12-160123 | 5.000.000 | EUR | 5.693.300,00 | 5.406.000,00 | 0,37% |
| BPCE S.A. 1,00 19-010425 | 1.600.000 | EUR | 1.597.216,00 | 1.665.240,00 | 0,11% |
| BPCE S.A. 1,00 19-150724 | 2.500.000 | EUR | 2.478.125,00 | 2.605.837,50 | 0,18% |
| BPCE S.A. 1,125 17-180123 | 2.000.000 | EUR | 2.017.000,00 | 2.053.460,00 | 0,14% |
| BPCE S.A. 2,875 16-220426 | 1.200.000 | EUR | 1.187.616,00 | 1.362.444,00 | 0,09% |
| BPCE S.A. 4,625 13-180723 | 3.500.000 | EUR | 4.002.992,00 | 3.908.660,00 | 0,27% |
| BPCE S.A. FRN 15-301127 | 2.000.000 | EUR | 2.076.480,00 | 2.098.330,00 | 0,14% |

DPAM L BONDS EUR QUALITY SUSTAINABLE
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| BPCE S.A. FRN 20-150927 | 2.000.000 | EUR | 1.984.280,00 | 2.031.970,00 | 0,14% |
| --- | --- | --- | --- | --- | --- |
| BRITISH TELECOM 2,125 18-260928 | 2.000.000 | EUR | 2.210.300,00 | 2.259.140,00 | 0,16% |
| CA-IMMOBILIEN 0,875 20-150227 | 2.000.000 | EUR | 1.983.440,00 | 2.013.970,00 | 0,14% |
| CAIXABANK S.A.. FRN 20-181126 | 2.000.000 | EUR | 1.994.660,00 | 2.008.980,00 | 0,14% |
| CAIXABANK S.A. 0,375 20-030225 | 2.000.000 | EUR | 1.994.120,00 | 2.026.630,00 | 0,14% |
| CAIXABANK S.A. 1,375 19-190626 | 1.000.000 | EUR | 994.120,00 | 1.055.625,00 | 0,07% |
| CAIXABANK S.A. FRN 20-100726 | 2.000.000 | EUR | 1.991.700,00 | 2.056.320,00 | 0,14% |
| CAPGEMINI SE 0,625 20-230625 | 1.000.000 | EUR | 998.870,00 | 1.029.610,00 | 0,07% |
| CAPGEMINI SE 1,00 18-181024 | 2.000.000 | EUR | 2.006.693,33 | 2.080.560,00 | 0,14% |
| CAPGEMINI SE 2,00 20-150429 | 5.000.000 | EUR | 5.022.368,00 | 5.682.575,00 | 0,39% |
| CIE FINANCE ET INDUSTRIES 0,375 16-070225 | 1.000.000 | EUR | 999.590,00 | 1.026.900,00 | 0,07% |
| CIE SAINT GOBAIN 1,75 20-030423 | 2.000.000 | EUR | 1.998.260,00 | 2.085.820,00 | 0,14% |
| CITIGROUP INC. 1,625 18-210328 | 2.000.000 | EUR | 2.004.000,00 | 2.202.390,00 | 0,15% |
| CITIGROUP INC. FRN 18-240726 | 5.000.000 | EUR | 4.987.470,00 | 5.317.125,00 | 0,37% |
| CITIGROUP INC. FRN 20-060726 | 4.000.000 | EUR | 4.037.300,00 | 4.215.000,00 | 0,29% |
| CLOVERIE PLC ZURICH 1,50 18-151228 | 3.500.000 | EUR | 3.581.530,00 | 3.916.972,50 | 0,27% |
| CLOVERIE PLC ZURICH 1,75 14-160924 | 3.000.000 | EUR | 2.983.370,00 | 3.224.805,00 | 0,22% |
| CNP ASSURANCES 0,375 20-080328 | 3.000.000 | EUR | 2.991.450,00 | 2.998.230,00 | 0,21% |
| COCA-COLA CO 0,125 20-150329 | 2.000.000 | EUR | 1.992.760,00 | 2.016.250,00 | 0,14% |
| COCA-COLA EUROPEAN PARTNERS 0,70 19-120931 | 3.500.000 | EUR | 3.506.435,00 | 3.546.847,50 | 0,24% |
| COCA-COLA HBC 0,625 19-211129 | 1.500.000 | EUR | 1.486.440,00 | 1.554.795,00 | 0,11% |
| COFINIMMO -SICAFI- S.A. 0,875 20-021230 | 1.000.000 | EUR | 992.220,00 | 1.017.700,00 | 0,07% |
| CONTI-GUMMI FINANCE 2,125 20-271123 | 3.000.000 | EUR | 3.041.960,00 | 3.173.895,00 | 0,22% |
| CONTINENTAL 0,375 19-270625 | 3.000.000 | EUR | 2.994.060,00 | 3.025.575,00 | 0,21% |
| COOP RABOBANK 0,625 19-270224 | 2.500.000 | EUR | 2.495.100,00 | 2.561.200,00 | 0,18% |
| COOP RABOBANK 0,875 20-050528 | 2.500.000 | EUR | 2.497.800,00 | 2.623.525,00 | 0,18% |
| COOP RABOBANK 1,25 16-230326 | 3.000.000 | EUR | 3.082.496,00 | 3.213.825,00 | 0,22% |
| CPI PROPERTY 1,625 19-230427 | 1.200.000 | EUR | 1.135.110,00 | 1.234.476,00 | 0,08% |
| CPI PROPERTY 2,75 20-120526 | 2.867.000 | EUR | 3.046.546,58 | 3.114.895,15 | 0,21% |
| CREDIT AGRICOLE 0,75 18-051223 | 2.800.000 | EUR | 2.786.084,00 | 2.881.522,00 | 0,20% |
| CREDIT AGRICOLE 1,00 17-160924 | 3.000.000 | EUR | 2.980.647,00 | 3.137.985,00 | 0,22% |
| CREDIT AGRICOLE 1,75 19-050329 | 3.000.000 | EUR | 3.034.650,00 | 3.358.950,00 | 0,23% |
| CREDIT AGRICOLE S.A. 0,875 20-140132 | 3.300.000 | EUR | 3.285.447,00 | 3.466.237,50 | 0,24% |
| CREDIT AGRICOLE S.A. 1,625 20-050630 | 2.600.000 | EUR | 2.599.870,00 | 2.716.428,00 | 0,19% |
| CREDIT AGRICOLE S.A. 2,625 15-170327 | 1.500.000 | EUR | 1.617.916,66 | 1.687.537,50 | 0,12% |
| CRH FINANCE B.V. 3,125 13-030423 | 3.000.000 | EUR | 3.383.400,00 | 3.225.420,00 | 0,22% |
| CRH FINANCE B.V. BV 1,625 20-050530 | 1.200.000 | EUR | 1.194.300,00 | 1.349.214,00 | 0,09% |
| CRH FINANCE DAC 1,375 16-181028 | 1.500.000 | EUR | 1.490.124,23 | 1.641.727,50 | 0,11% |
| CTP B.V. 2,125 20-011025 | 2.500.000 | EUR | 2.631.685,00 | 2.647.850,00 | 0,18% |
| DAIMLER A.G. 0,75 20-100930 | 2.100.000 | EUR | 2.082.948,00 | 2.186.530,50 | 0,15% |
| DAIMLER A.G. 2,625 20-070425 | 8.000.000 | EUR | 8.231.019,50 | 8.873.120,00 | 0,61% |
| DAIMLER INTERNATIONAL FINANCE 0,25 18-110522 | 2.000.000 | EUR | 1.993.600,00 | 2.014.340,00 | 0,14% |
| DAIMLER INTERNATIONAL FINANCE 0,625 19-060527 | 6.000.000 | EUR | 5.922.964,00 | 6.150.870,00 | 0,42% |
| DAIMLER INTERNATIONAL FINANCE 1,00 18-111125 | 3.500.000 | EUR | 3.511.030,00 | 3.661.140,00 | 0,25% |
| DANAHER CORP. 2,10 20-300926 | 2.500.000 | EUR | 2.492.925,00 | 2.790.750,00 | 0,19% |
| DANAHER CORP. 2,50 20-300330 | 1.350.000 | EUR | 1.366.621,00 | 1.614.647,25 | 0,11% |
| DANONE 0,395 20-100629 | 1.000.000 | EUR | 1.000.000,00 | 1.031.600,00 | 0,07% |
| DANONE FRN 17-PERPETUAL | 3.000.000 | EUR | 3.017.750,00 | 3.090.330,00 | 0,21% |
| DEUTSCHE BOERSE FRN 20-160647 | 1.200.000 | EUR | 1.200.000,00 | 1.233.552,00 | 0,08% |
| DEUTSCHE POST 0,75 20-200529 | 4.000.000 | EUR | 3.995.160,00 | 4.255.540,00 | 0,29% |
| DEUTSCHE POST 1,00 17-131227 | 2.000.000 | EUR | 1.983.780,00 | 2.136.330,00 | 0,15% |

DPAM L BONDS EUR QUALITY SUSTAINABLE
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| DEUTSCHE POST 1,625 18-051228 | 4.000.000 | EUR | 4.079.900,00 | 4.511.460,00 | 0,31% |
| --- | --- | --- | --- | --- | --- |
| DEUTSCHE TELEKOM A.G 1,375 19-050734 | 3.000.000 | EUR | 3.048.650,00 | 3.374.505,00 | 0,23% |
| DEUTSCHE WOHNEN SE 1,00 20-300425 | 1.000.000 | EUR | 989.100,00 | 1.046.360,00 | 0,07% |
| DEUTSCHE WOHNEN SE 1,50 20-300430 | 1.000.000 | EUR | 982.110,00 | 1.111.375,00 | 0,08% |
| DH EUROPE FINANCE 1,20 17-300627 | 4.000.000 | EUR | 4.148.456,20 | 4.279.460,00 | 0,29% |
| DH EUROPE FINANCE 1,80 19-180949 | 2.000.000 | EUR | 2.001.230,00 | 2.272.570,00 | 0,16% |
| DIAGEO CAPITAL 0,125 20-280928 | 3.000.000 | EUR | 2.984.760,00 | 3.008.205,00 | 0,21% |
| DIAGEO FINANCE PLC 1,00 18-220425 | 2.500.000 | EUR | 2.480.875,00 | 2.619.412,50 | 0,18% |
| DIGITAL DUTCH FINCO 1,00 20-150132 | 1.700.000 | EUR | 1.683.289,00 | 1.763.537,50 | 0,12% |
| DNB BANK ASA FRN 18-200328 | 1.500.000 | EUR | 1.494.060,00 | 1.538.602,50 | 0,11% |
| DSV PANALPINA 0,375 20-260227 | 2.000.000 | EUR | 1.995.180,00 | 2.021.390,00 | 0,14% |
| EDENRED 1,875 18-060326 | 3.500.000 | EUR | 3.486.525,00 | 3.836.455,00 | 0,26% |
| EDF 1,00 16-131026 | 1.500.000 | EUR | 1.479.890,00 | 1.590.765,00 | 0,11% |
| EDF 4,625 09-110924 | 1.500.000 | EUR | 1.808.250,00 | 1.765.230,00 | 0,12% |
| EDF 4,625 10-260430 | 5.500.000 | EUR | 6.976.813,85 | 7.746.420,00 | 0,53% |
| EDF S.A. 2,00 18-021030 | 1.500.000 | EUR | 1.470.210,00 | 1.749.450,00 | 0,12% |
| EDP FINANCE B.V. 0,375 19-160926 | 1.000.000 | EUR | 996.350,00 | 1.016.960,00 | 0,07% |
| EDP FINANCE B.V. 1,125 16-120224 | 2.500.000 | EUR | 2.482.056,25 | 2.587.900,00 | 0,18% |
| EDP FINANCE B.V. 1,875 18-131025 | 3.000.000 | EUR | 2.983.650,00 | 3.267.690,00 | 0,22% |
| EDP FINANCE B.V. 2,375 16-230323 | 1.000.000 | EUR | 1.017.492,88 | 1.057.035,00 | 0,07% |
| ELIA TRANSMISSION 0,875 20-280430 | 2.300.000 | EUR | 2.270.813,00 | 2.426.143,50 | 0,17% |
| ELI ELLY & CO 1,625 15-020626 | 3.000.000 | EUR | 3.072.615,00 | 3.279.285,00 | 0,23% |
| ELI LILLY & CO 0,625 19-011131 | 2.000.000 | EUR | 2.028.100,00 | 2.117.230,00 | 0,15% |
| ENAGAS FINANCIACIONES 0,375 20-051132 | 2.500.000 | EUR | 2.490.650,00 | 2.523.100,00 | 0,17% |
| ENBW INTERNATIONAL 0,625 20-170425 | 1.200.000 | EUR | 1.194.240,00 | 1.240.872,00 | 0,09% |
| ENECO HLDG FRN 14-PERPETUAL | 4.000.000 | EUR | 4.074.900,00 | 4.108.520,00 | 0,28% |
| ENEL 5,625 07-210627 | 2.500.000 | EUR | 3.217.653,00 | 3.399.412,50 | 0,23% |
| ENEL FINANCE INTERNATIONAL 0,375 19-170627 | 3.000.000 | EUR | 2.977.710,00 | 3.063.240,00 | 0,21% |
| ENEL FINANCE INTERNATIONAL 1,00 17-160924 | 1.600.000 | EUR | 1.584.016,00 | 1.667.936,00 | 0,11% |
| ENEL FINANCE INTERNATIONAL 1,375 16-010626 | 3.445.000 | EUR | 3.467.700,26 | 3.705.941,52 | 0,26% |
| ENEL FINANCE INTERNATIONAL 1,50 19-210725 | 2.000.000 | EUR | 1.971.300,00 | 2.140.250,00 | 0,15% |
| ENEL FINANCE INTERNATIONAL 1,966 15-270125 | 1.500.000 | EUR | 1.615.500,00 | 1.624.920,00 | 0,11% |
| ENEL SpA FRN 18-241181 | 7.000.000 | EUR | 7.344.069,99 | 7.769.160,00 | 0,53% |
| ENEL SpA FRN 20-PERPETUAL | 1.400.000 | EUR | 1.389.668,00 | 1.462.181,00 | 0,10% |
| ENERGY BADEN-WUERTT FRN 20-290680 | 1.500.000 | EUR | 1.489.500,00 | 1.557.150,00 | 0,11% |
| ENEXIS HLDG N.V. 0,625 20-170632 | 3.000.000 | EUR | 2.993.790,00 | 3.156.150,00 | 0,22% |
| ERSTE GROUP BANK 0,05 20-160925 | 1.000.000 | EUR | 997.010,00 | 1.005.740,00 | 0,07% |
| ERSTE GROUP BANK FRN 20-080931 | 5.000.000 | EUR | 5.098.640,00 | 5.220.750,00 | 0,36% |
| EUROCLEAR BANK 0,125 20-070725 | 5.000.000 | EUR | 4.984.412,00 | 5.069.400,00 | 0,35% |
| EUROCLEAR BANK 0,25 18-070922 | 1.500.000 | EUR | 1.493.040,00 | 1.514.302,50 | 0,10% |
| EUROCLEAR BANK 0,50 18-100723 | 3.500.000 | EUR | 3.490.375,00 | 3.575.722,50 | 0,25% |
| EUROCLEAR INVESTMENT 1,125 16-071226 | 3.000.000 | EUR | 3.009.351,00 | 3.233.310,00 | 0,22% |
| EUTELSAT 1,50 20-131028 | 2.000.000 | EUR | 1.992.380,00 | 2.033.710,00 | 0,14% |
| EWE A.G. 0,375 20-221032 | 3.000.000 | EUR | 2.962.650,00 | 3.026.190,00 | 0,21% |
| FASTIGHETS AB BALD 1,125 19-290127 | 2.500.000 | EUR | 2.551.500,00 | 2.537.087,50 | 0,17% |
| FCC MEDIO AMBIENTE 0,815 19-041223 | 1.500.000 | EUR | 1.500.000,00 | 1.531.222,50 | 0,11% |
| FERROVIAL EMISIONES 0,54 20-121128 | 2.400.000 | EUR | 2.400.000,00 | 2.427.000,00 | 0,17% |
| FIDELITY NATIONAL 0,625 19-031225 | 1.500.000 | EUR | 1.498.590,00 | 1.544.790,00 | 0,11% |
| FIDELITY NATIONAL INFORMATION SERVICES 1,50 19-210527 | 5.000.000 | EUR | 5.038.200,00 | 5.395.700,00 | 0,37% |
| FLUVIUS SYSTEM 0,25 20-021230 | 1.700.000 | EUR | 1.698.657,00 | 1.725.134,50 | 0,12% |
| FRESENIUS MEDICAL CARE 1,00 20-290526 | 1.000.000 | EUR | 994.050,00 | 1.045.180,00 | 0,07% |

DPAM L BONDS EUR QUALITY SUSTAINABLE
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| FRESENIUS SE & CO 1,625 20-081027 | 1.500.000 | EUR | 1.485.315,00 | 1.641.322,50 | 0,11% |
| --- | --- | --- | --- | --- | --- |
| GENERAL ELECTRIC CO 4,125 05-190935 | 4.000.000 | EUR | 5.115.513,23 | 5.253.780,00 | 0,36% |
| GIVAUDAN NEDERLAND 1,625 20-220432 | 3.000.000 | EUR | 3.030.230,00 | 3.426.465,00 | 0,24% |
| GLAXOSMITHKLINE CAPITAL 1,25 18-210526 | 2.000.000 | EUR | 2.010.727,14 | 2.137.720,00 | 0,15% |
| GLAXOSMITHKLINE CAPITAL 1,375 14-021224 | 2.000.000 | EUR | 2.070.690,00 | 2.122.160,00 | 0,15% |
| GLOBALWORTH REAL ESTATE 3,00 18-290325 | 4.000.000 | EUR | 4.183.959,29 | 4.248.060,00 | 0,29% |
| GOLDMAN SACHS 0,125 19-190824 | 3.000.000 | EUR | 2.984.670,00 | 3.013.605,00 | 0,21% |
| GOLDMAN SACHS 0,875 20-210130 | 2.500.000 | EUR | 2.514.340,00 | 2.627.750,00 | 0,18% |
| GOLDMAN SACHS 1,375 17-150524 | 2.000.000 | EUR | 2.004.400,00 | 2.065.630,00 | 0,14% |
| GOLDMAN SACHS GROUP 1,375 15-260722 | 2.000.000 | EUR | 2.037.260,00 | 2.051.970,00 | 0,14% |
| GOLDMAN SACHS GROUP 2,875 14-030626 | 4.000.000 | EUR | 4.478.417,67 | 4.587.560,00 | 0,32% |
| GOLDMAN SACHS GROUP 3,25 13-010223 | 2.000.000 | EUR | 2.083.023,00 | 2.144.100,00 | 0,15% |
| GOLDMAN SACHS GROUP 4,75 06-121021 | 1.500.000 | EUR | 1.648.800,00 | 1.553.895,00 | 0,11% |
| GRAND CITY PROPERTIES FRN 20-PERPETUAL | 2.500.000 | EUR | 2.467.575,00 | 2.471.862,50 | 0,17% |
| GRAND CITY PROPERTIES S.A. 1,375 17-030826 | 2.000.000 | EUR | 1.936.400,00 | 2.129.360,00 | 0,15% |
| HANNOVER RUECK FRN 20-081040 | 3.000.000 | EUR | 2.978.130,00 | 3.222.480,00 | 0,22% |
| HEIDELBERGCEMENT A.G. 1,625 17-070426 | 3.000.000 | EUR | 2.986.440,00 | 3.226.155,00 | 0,22% |
| HEIDELBERGCEMENT A.G. 2,50 20-091024 | 2.000.000 | EUR | 1.992.100,00 | 2.183.570,00 | 0,15% |
| HEIMSTADEN BOSTAD 1,125 20-210126 | 6.000.000 | EUR | 5.874.160,00 | 6.220.500,00 | 0,43% |
| HEIMSTADEN BOSTAD 1,375 20-030327 | 1.000.000 | EUR | 992.890,00 | 1.052.470,00 | 0,07% |
| HEINEKEN N.V. 1,25 20-070533 | 3.000.000 | EUR | 2.992.500,00 | 3.298.650,00 | 0,23% |
| HEINEKEN N.V. 1,625 20-300325 | 1.200.000 | EUR | 1.196.976,00 | 1.288.386,00 | 0,09% |
| HEINEKEN N.V. 3,50 12-190324 | 2.000.000 | EUR | 2.310.570,00 | 2.239.900,00 | 0,15% |
| HELVETIA EUROPE FRN 20-300941 | 2.000.000 | EUR | 1.981.680,00 | 2.205.510,00 | 0,15% |
| HERA SpA 0,25 20-031230 | 3.000.000 | EUR | 2.971.140,00 | 3.015.900,00 | 0,21% |
| HERA SpA 0,875 19-050727 | 1.500.000 | EUR | 1.476.105,00 | 1.582.590,00 | 0,11% |
| HOCHTIEF A.G. 1,75 18-030725 | 2.000.000 | EUR | 1.991.000,00 | 2.142.800,00 | 0,15% |
| HOLCIM FINANCE 0,50 20-230431 | 4.000.000 | EUR | 3.977.400,00 | 4.021.920,00 | 0,28% |
| HSBC FRANCE S.A. 0,25 19-170524 | 2.900.000 | EUR | 2.888.951,00 | 2.942.673,50 | 0,20% |
| HSBC FRANCE S.A. 0,60 18-200323 | 1.500.000 | EUR | 1.496.760,00 | 1.528.860,00 | 0,11% |
| HSBC HLDG PLC FRN 20-131126 | 2.000.000 | EUR | 2.000.000,00 | 2.025.700,00 | 0,14% |
| IBERDROLA FINANZAS 0,875 20-160625 | 2.000.000 | EUR | 1.995.680,00 | 2.084.010,00 | 0,14% |
| IBERDROLA FINANZAS 1,00 16-070324 | 1.500.000 | EUR | 1.487.655,00 | 1.552.747,50 | 0,11% |
| IBERDROLA FINANZAS 1,00 17-070325 | 3.000.000 | EUR | 2.980.800,00 | 3.138.435,00 | 0,22% |
| IBERDROLA INTERNATIONAL B.V. 16-210426 | 1.000.000 | EUR | 994.930,00 | 1.064.985,00 | 0,07% |
| IBERDROLA INTERNATIONAL B.V. FRN 17-PERPETUAL | 3.000.000 | EUR | 2.917.650,00 | 3.084.570,00 | 0,21% |
| IBERDROLA INTERNATIONAL B.V. FRN 18-PERPETUAL | 2.000.000 | EUR | 2.037.120,00 | 2.120.450,00 | 0,15% |
| IBERDROLA INTERNATIONAL B.V. FRN 19-PERPETUAL | 1.500.000 | EUR | 1.518.875,00 | 1.647.255,00 | 0,11% |
| IBERDROLA INTERNATIONAL B.V. FRN 20-PERPETUAL | 3.000.000 | EUR | 3.000.000,00 | 3.156.540,00 | 0,22% |
| IBM CORP. 0,65 20-110232 | 3.000.000 | EUR | 2.990.700,00 | 3.106.635,00 | 0,21% |
| IBM CORP. 0,95 17-230525 | 3.000.000 | EUR | 3.005.550,00 | 3.151.275,00 | 0,22% |
| IBM CORP. 1,25 19-290127 | 1.700.000 | EUR | 1.691.415,00 | 1.832.200,50 | 0,13% |
| IBM CORP. 1,50 17-230529 | 1.000.000 | EUR | 1.026.100,00 | 1.116.835,00 | 0,08% |
| IBM CORP. 1,75 19-310131 | 2.000.000 | EUR | 1.979.080,00 | 2.296.660,00 | 0,16% |
| ICADE SANTE 1,375 20-170930 | 1.500.000 | EUR | 1.498.890,00 | 1.607.805,00 | 0,11% |
| ILLINOIS TOOL WORKS 0,625 19-051227 | 3.000.000 | EUR | 2.980.290,00 | 3.132.975,00 | 0,22% |
| ILLINOIS TOOL WORKS 2,125 15-220530 | 3.000.000 | EUR | 2.979.090,00 | 3.586.170,00 | 0,25% |
| IMMOBILIA COLONIAL 1,35 20-141028 | 1.500.000 | EUR | 1.494.135,00 | 1.553.355,00 | 0,11% |
| IMMOBILIARIA COL SOC 1,45 16-281024 | 1.600.000 | EUR | 1.596.540,00 | 1.672.144,00 | 0,12% |
| IN'LI 1,125 19-020729 | 2.000.000 | EUR | 1.993.800,00 | 2.149.560,00 | 0,15% |
| ING BANK FRN 14-250226 | 3.000.000 | EUR | 3.137.010,55 | 3.015.915,00 | 0,21% |

DPAM L BONDS EUR QUALITY SUSTAINABLE
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| ING GROUP N.V. FRN 19-030925 | 1.000.000 | EUR | 999.750,00 | 1.004.510,00 | 0,07% |
| --- | --- | --- | --- | --- | --- |
| ING GROUP N.V. FRN 19-131130 | 2.500.000 | EUR | 2.495.650,00 | 2.533.225,00 | 0,17% |
| ING GROUP N.V. FRN 20-260531 | 3.700.000 | EUR | 3.763.186,00 | 3.958.130,50 | 0,27% |
| INMOBILIARIA COLONIAL 1,625 17-281125 | 2.000.000 | EUR | 1.973.816,00 | 2.119.380,00 | 0,15% |
| INMOBILIARIA COLONIAL 2,00 18-170426 | 4.000.000 | EUR | 3.966.887,00 | 4.310.860,00 | 0,30% |
| INTERNATIONAL FLAVOR & FRAGRA 1,75 16-140324 | 2.000.000 | EUR | 2.094.510,00 | 2.110.410,00 | 0,15% |
| INTESA SAN PAOLO SpA 0,75 19-041224 | 3.000.000 | EUR | 3.028.110,00 | 3.079.110,00 | 0,21% |
| INTESA SAN PAOLO SpA 1,75 18-200328 | 2.000.000 | EUR | 1.929.783,63 | 2.171.180,00 | 0,15% |
| INTESA SAN PAOLO SpA 1,75 19-040729 | 8.000.000 | EUR | 8.415.704,44 | 8.747.000,00 | 0,60% |
| INTESA SAN PAOLO SpA 3,50 14-170122 | 2.000.000 | EUR | 2.251.380,00 | 2.078.400,00 | 0,14% |
| INTESA SAN PAOLO SpA 4,00 13-301023 | 2.000.000 | EUR | 2.296.898,09 | 2.226.740,00 | 0,15% |
| INVESTOR AB 1,50 18-120930 | 1.500.000 | EUR | 1.496.730,00 | 1.705.567,50 | 0,12% |
| IREN SpA 0,875 16-041124 | 3.500.000 | EUR | 3.343.802,50 | 3.616.042,50 | 0,25% |
| IREN SpA 0,875 19-141029 | 1.500.000 | EUR | 1.490.175,00 | 1.585.860,00 | 0,11% |
| IREN SpA 1,00 20-010730 | 3.000.000 | EUR | 2.944.320,00 | 3.178.680,00 | 0,22% |
| IREN SpA 1,50 17-241027 | 4.000.000 | EUR | 3.860.000,00 | 4.361.080,00 | 0,30% |
| ITALGAS SpA 1,625 17-180129 | 4.000.000 | EUR | 3.832.921,33 | 4.508.540,00 | 0,31% |
| ITALGAS SpA 1,625 17-190127 | 3.277.000 | EUR | 3.168.897,51 | 3.613.236,59 | 0,25% |
| JP MORGAN CHASE & CO 0,625 16-250124 | 4.500.000 | EUR | 4.439.943,00 | 4.595.355,00 | 0,32% |
| JP MORGAN CHASE & CO 1,5 15-270125 | 3.000.000 | EUR | 3.061.198,39 | 3.192.285,00 | 0,22% |
| JP MORGAN CHASE & CO 2,75 13-010223 | 3.000.000 | EUR | 3.052.440,00 | 3.189.750,00 | 0,22% |
| JP MORGAN CHASE & CO FRN 17-180528 | 2.000.000 | EUR | 2.006.520,00 | 2.192.720,00 | 0,15% |
| JP MORGAN CHASE & CO FRN 19-110327 | 3.000.000 | EUR | 3.000.000,00 | 3.157.515,00 | 0,22% |
| JP MORGAN CHASE & CO FRN 19-250731 | 6.000.000 | EUR | 6.070.529,97 | 6.415.740,00 | 0,44% |
| JP MORGAN CHASE & CO FRN 20-240228 | 2.000.000 | EUR | 2.000.000,00 | 2.034.090,00 | 0,14% |
| JP MORGAN FRN 19-041132 | 3.000.000 | EUR | 3.000.000,00 | 3.234.945,00 | 0,22% |
| KBC GROUP 0,75 16-181023 | 2.500.000 | EUR | 2.490.880,41 | 2.566.475,00 | 0,18% |
| KBC GROUPE 0,75 20-240130 | 2.400.000 | EUR | 2.393.088,00 | 2.522.616,00 | 0,17% |
| KBC GROUP FRN 19-031229 | 4.000.000 | EUR | 3.962.830,00 | 3.981.180,00 | 0,27% |
| KBC GROUP FRN 20-160627 | 2.000.000 | EUR | 1.985.620,00 | 2.040.580,00 | 0,14% |
| KBC GROUP S.A. FRN 15-110327 | 8.500.000 | EUR | 8.677.000,49 | 8.673.697,50 | 0,60% |
| KERING 0,25 20-130523 | 2.000.000 | EUR | 1.997.140,00 | 2.020.900,00 | 0,14% |
| KERRY GROUP FINANCE SER 0,625 19-200929 | 3.000.000 | EUR | 2.969.730,00 | 3.102.405,00 | 0,21% |
| KLEPIERRE S.A. 0,875 20-170231 | 2.400.000 | EUR | 2.393.688,00 | 2.447.448,00 | 0,17% |
| KONINKLIJKE AHOLD 0,25 19-260625 | 2.000.000 | EUR | 1.985.440,00 | 2.041.790,00 | 0,14% |
| KONINKLIJKE AHOLD DELHAIZE 1,75 20-020427 | 2.200.000 | EUR | 2.294.390,00 | 2.443.386,00 | 0,17% |
| KONINKLIJKE DSM 0,625 20-230632 | 3.000.000 | EUR | 3.002.030,00 | 3.131.430,00 | 0,22% |
| KONINKLIJKE DSM 2,375 14-030424 | 2.000.000 | EUR | 2.197.000,00 | 2.161.320,00 | 0,15% |
| KONINKLIJKE PHILIPS 1,375 20-300325 | 1.100.000 | EUR | 1.095.050,00 | 1.166.214,50 | 0,08% |
| LA BANQUE POSTALE FNR 20-260131 | 2.500.000 | EUR | 2.496.700,00 | 2.524.587,50 | 0,17% |
| LA POSTE 1,375 20-210432 | 1.000.000 | EUR | 997.800,00 | 1.110.395,00 | 0,08% |
| LA POSTE S.A. 0,375 19-170927 | 5.000.000 | EUR | 4.997.650,00 | 5.136.075,00 | 0,35% |
| LA POSTE S.A. 1,45 18-301128 | 2.000.000 | EUR | 1.996.480,00 | 2.236.490,00 | 0,15% |
| LEGRAND S.A. 0,75 20-200530 | 2.000.000 | EUR | 1.991.960,00 | 2.122.820,00 | 0,15% |
| LINDE FINANCE B.V. 0,25 20-190527 | 2.500.000 | EUR | 2.498.950,00 | 2.551.812,50 | 0,18% |
| LLOYDS BANK CORP. 2,375 20-090426 | 4.000.000 | EUR | 4.404.039,92 | 4.477.360,00 | 0,31% |
| LLOYDS BANK CORP. MARKETS 0,25 19-041022 | 1.250.000 | EUR | 1.248.287,50 | 1.258.775,00 | 0,09% |
| LLOYDS BANK GROUP 0,375 20-280125 | 1.500.000 | EUR | 1.506.000,00 | 1.521.075,00 | 0,10% |
| LLOYDS BANK GROUP 1,50 17-120927 | 2.000.000 | EUR | 2.105.000,00 | 2.193.110,00 | 0,15% |
| LLOYDS BANK GROUP FRN 18-070928 | 2.000.000 | EUR | 2.013.092,00 | 2.062.130,00 | 0,14% |
| LLOYDS BANK GROUP FRN 19-121125 | 2.000.000 | EUR | 1.988.700,00 | 2.025.290,00 | 0,14% |

DPAM L BONDS EUR QUALITY SUSTAINABLE
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| LLOYDS BANK GROUP FRN 20-010426 | 2.700.000 | EUR | 2.972.641,00 | 3.073.558,50 | 0,21% |
| --- | --- | --- | --- | --- | --- |
| LONDON STOCK EXCHANGE GROUP 1,75 18-061227 | 4.000.000 | EUR | 4.248.531,01 | 4.419.320,00 | 0,30% |
| LONDON STOXK EXCHANGE GROUP 0,875 17-190924 | 3.000.000 | EUR | 2.990.451,00 | 3.101.160,00 | 0,21% |
| LONZA FINANCE INTERNATIONAL 1,625 20-210427 | 1.000.000 | EUR | 994.240,00 | 1.096.395,00 | 0,08% |
| LVMH 0,00 20-110226 | 3.000.000 | EUR | 2.987.790,00 | 3.027.225,00 | 0,21% |
| LVMH 0,75 17-260524 | 4.000.000 | EUR | 4.027.194,00 | 4.129.920,00 | 0,28% |
| LVMH 0,75 20-070425 | 1.000.000 | EUR | 997.170,00 | 1.038.875,00 | 0,07% |
| MC DONALD'S CORP. 1,60 19-150331 | 4.300.000 | EUR | 4.388.164,00 | 4.853.281,00 | 0,33% |
| MC DONALD'S CORP. 1,75 16-030528 | 3.500.000 | EUR | 3.863.500,00 | 3.924.410,00 | 0,27% |
| MEDIOBANCA 0,625 17-270922 | 4.000.000 | EUR | 3.786.360,91 | 4.056.000,00 | 0,28% |
| MEDIOBANCA 0,875 19-150126 | 2.600.000 | EUR | 2.595.060,00 | 2.670.083,00 | 0,18% |
| MEDIOBANCA 1,00 20-080927 | 1.600.000 | EUR | 1.593.024,00 | 1.659.000,00 | 0,11% |
| MEDIOBANCA 1,125 19-150725 | 2.000.000 | EUR | 1.992.620,00 | 2.077.290,00 | 0,14% |
| MEDIOBANCA 1,625 19-070125 | 500.000 | EUR | 499.465,00 | 528.540,00 | 0,04% |
| MEDTRONIC GLOBAL HL 1,625 20-151050 | 3.500.000 | EUR | 3.404.030,00 | 3.911.687,50 | 0,27% |
| MEDTRONIC GLOBAL HLDG 1,125 19-070327 | 6.000.000 | EUR | 6.248.110,00 | 6.418.380,00 | 0,44% |
| MEDTRONIC GLOBAL HLDG 1,625 19-070331 | 1.100.000 | EUR | 1.090.518,00 | 1.254.269,50 | 0,09% |
| MEDTRONIC GLOBAL HLDG 1,75 19-020749 | 1.000.000 | EUR | 1.032.160,00 | 1.162.070,00 | 0,08% |
| MEDTRONIC GLOBAL HLDG 2,25 19-070339 | 3.500.000 | EUR | 3.506.135,00 | 4.348.365,00 | 0,30% |
| MERCK FINANCIAL 0,50 20-160728 | 1.700.000 | EUR | 1.693.812,00 | 1.772.547,50 | 0,12% |
| MERCK FRN 20-090980 | 2.000.000 | EUR | 2.000.000,00 | 2.050.700,00 | 0,14% |
| MERLIN PROPERTIES 1,875 19-041234 | 6.000.000 | EUR | 5.906.230,00 | 6.112.800,00 | 0,42% |
| MERLIN PROPERTIES 2,375 20-130727 | 1.000.000 | EUR | 990.860,00 | 1.079.840,00 | 0,07% |
| MICHELIN 0,875 18-030925 | 2.000.000 | EUR | 1.981.980,00 | 2.097.200,00 | 0,14% |
| MITSUBISHI UFJ FINANCIAL 0,872 17-070924 | 3.800.000 | EUR | 3.787.220,00 | 3.932.392,00 | 0,27% |
| MITSUBISHI UFJ FINANCIAL 0,98 18-091023 | 2.000.000 | EUR | 2.000.000,00 | 2.064.970,00 | 0,14% |
| MITSUBISHI UFJ FINANCIAL GROUP 0,978 20-090624 | 1.000.000 | EUR | 1.000.000,00 | 1.036.645,00 | 0,07% |
| MONDELEZ INTL 0,875 19-011031 | 2.500.000 | EUR | 2.463.725,00 | 2.659.912,50 | 0,18% |
| MONDELEZ INTL 1,625 15-080327 | 2.000.000 | EUR | 2.022.890,00 | 2.187.720,00 | 0,15% |
| MOODY'S CORP. 0,95 19-250230 | 4.000.000 | EUR | 4.061.004,00 | 4.257.340,00 | 0,29% |
| MORGAN STANLEY 1,75 15-300125 | 3.500.000 | EUR | 3.548.440,00 | 3.746.942,50 | 0,26% |
| MORGAN STANLEY 1,875 14-300323 | 3.000.000 | EUR | 3.128.386,00 | 3.139.485,00 | 0,22% |
| MORGAN STANLEY FRN 17-231026 | 4.000.000 | EUR | 4.218.788,00 | 4.246.720,00 | 0,29% |
| MORGAN STANLEY FRN 19-260724 | 2.000.000 | EUR | 2.000.000,00 | 2.036.370,00 | 0,14% |
| MORGAN STANLEY FRN 20-261029 | 3.500.000 | EUR | 3.500.000,00 | 3.559.692,50 | 0,24% |
| MUNICH RE 1,25 20-260541 | 2.000.000 | EUR | 1.976.940,00 | 2.079.890,00 | 0,14% |
| MUNICH RE FRN 18-260549 | 4.000.000 | EUR | 4.061.200,00 | 4.755.700,00 | 0,33% |
| NASDAQ INC. 0,875 20-130230 | 1.500.000 | EUR | 1.495.140,00 | 1.560.960,00 | 0,11% |
| NASDAQ INC. 1,75 19-280329 | 4.000.000 | EUR | 4.142.155,00 | 4.458.800,00 | 0,31% |
| NATIONAL GRID 0,553 20-180929 | 1.500.000 | EUR | 1.500.000,00 | 1.540.290,00 | 0,11% |
| NATWEST MARKETS 1,125 18-140623 | 3.000.000 | EUR | 2.992.677,50 | 3.090.540,00 | 0,21% |
| NEDERLANDSE GASUNIE 0,375 19-031031 | 2.000.000 | EUR | 1.980.660,00 | 2.048.050,00 | 0,14% |
| NESTLE FINANCE INTERNATIONAL 0,00 20-030333 | 2.500.000 | EUR | 2.458.725,00 | 2.466.562,50 | 0,17% |
| NESTLE FINANCE INTERNATIONAL 0,125 20-121127 | 2.000.000 | EUR | 1.986.020,00 | 2.033.170,00 | 0,14% |
| NESTLE FINANCE INTERNATIONAL 0,375 20-120532 | 3.000.000 | EUR | 2.944.710,00 | 3.109.035,00 | 0,21% |
| NESTLE FINANCE INTERNATIONAL 1,125 20-010426 | 1.500.000 | EUR | 1.491.285,00 | 1.602.277,50 | 0,11% |
| NESTLE HLDG 0,875 17-180725 | 2.000.000 | EUR | 2.025.260,00 | 2.099.580,00 | 0,14% |
| NISSAN MOTOR 1,94 20-150923 | 1.500.000 | EUR | 1.516.470,00 | 1.564.680,00 | 0,11% |
| NN GROUP N.V. 1,625 17-070727 | 2.000.000 | EUR | 2.050.100,00 | 2.195.850,00 | 0,15% |
| NN GROUP N.V. FRN 14-PERPETUAL | 3.000.000 | EUR | 3.266.234,01 | 3.469.665,00 | 0,24% |
| NORDEA BANK 0,50 20-140527 | 2.000.000 | EUR | 1.984.840,00 | 2.069.740,00 | 0,14% |

DPAM L BONDS EUR QUALITY SUSTAINABLE
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| NORDEA BANK FRN 16-070926 | 2.500.000 | EUR | 2.507.370,00 | 2.514.587,50 | 0,17% |
| --- | --- | --- | --- | --- | --- |
| NORTEGAS ENERGIA 2,065 17-280927 | 3.500.000 | EUR | 3.497.879,00 | 3.826.952,50 | 0,26% |
| NYKREDIT REALKRED 0,25 20-130126 | 2.500.000 | EUR | 2.496.700,00 | 2.502.575,00 | 0,17% |
| ORANGE 0,125 20-160929 | 2.000.000 | EUR | 1.984.680,00 | 2.017.350,00 | 0,14% |
| ORANGE 0,50 19-040932 | 1.200.000 | EUR | 1.191.600,00 | 1.230.870,00 | 0,08% |
| ORANGE 1,25 20-070727 | 2.500.000 | EUR | 2.497.275,00 | 2.707.750,00 | 0,19% |
| ORANGE 1,375 18-200328 | 1.500.000 | EUR | 1.494.720,00 | 1.648.305,00 | 0,11% |
| ORANGE 2,00 19-150129 | 2.500.000 | EUR | 2.496.175,00 | 2.886.012,50 | 0,20% |
| ORANGE FRN 14-PERPETUAL | 1.500.000 | EUR | 1.685.400,00 | 1.711.050,00 | 0,12% |
| ORANGE FRN 14-PERPETUAL | 4.000.000 | EUR | 4.802.125,00 | 4.856.720,00 | 0,33% |
| ORANGE FRN 19-PERPETUAL | 3.000.000 | EUR | 3.011.872,50 | 3.171.885,00 | 0,22% |
| ORANGE FRN 20-PERPETUAL | 2.000.000 | EUR | 1.992.620,00 | 2.073.210,00 | 0,14% |
| ORSTED A/SA.S. FRN 19-PERPETUAL | 1.500.000 | EUR | 1.486.185,00 | 1.542.405,00 | 0,11% |
| PARKER-HANNIFINANCE 1,125 17-010325 | 3.700.000 | EUR | 3.722.960,00 | 3.857.842,00 | 0,27% |
| PEPSICO INC. 0,40 20-091032 | 2.000.000 | EUR | 1.997.200,00 | 2.030.910,00 | 0,14% |
| PEPSICO INC. 0,75 19-180327 | 3.000.000 | EUR | 2.994.450,00 | 3.156.180,00 | 0,22% |
| PEPSICO INC. 1,05 20-091050 | 2.000.000 | EUR | 1.996.420,00 | 2.125.030,00 | 0,15% |
| PERNOD RICARD 0,50 19-241027 | 3.000.000 | EUR | 3.012.000,00 | 3.116.235,00 | 0,21% |
| PERNOD RICARD 0,875 19-241031 | 2.000.000 | EUR | 1.975.000,00 | 2.139.110,00 | 0,15% |
| POSTE ITALIANE 0,50 20-101228 | 2.000.000 | EUR | 2.005.459,98 | 2.012.350,00 | 0,14% |
| PROCTER & GAMBLE 0,625 18-301024 | 2.000.000 | EUR | 1.994.600,00 | 2.067.710,00 | 0,14% |
| PROCTER & GAMBLE 1,20 18-301028 | 2.000.000 | EUR | 1.993.080,00 | 2.203.650,00 | 0,15% |
| PROLOGIS EURO FINANCE 0,375 20-060228 | 1.750.000 | EUR | 1.745.607,50 | 1.792.883,75 | 0,12% |
| PROLOGIS EURO FINANCE 1,50 19-100949 | 1.000.000 | EUR | 975.390,00 | 1.094.635,00 | 0,08% |
| PROLOGIS INTERNATIONAL FUND 1,625 20-170632 | 2.000.000 | EUR | 1.992.660,00 | 2.262.880,00 | 0,16% |
| RABOBANK NEDERLAND 2,375 13-220523 | 4.500.000 | EUR | 4.465.260,00 | 4.791.240,00 | 0,33% |
| RABOBANK NEDERLAND 3,875 13-250723 | 4.500.000 | EUR | 4.790.295,86 | 4.951.687,50 | 0,34% |
| RABOBANK UA 0,74 18-290823 | 3.500.000 | EUR | 3.488.245,00 | 3.588.742,50 | 0,25% |
| RBS 0,625 18-020322 | 2.500.000 | EUR | 2.487.610,00 | 2.521.700,00 | 0,17% |
| RBS FRN 17-080323 | 2.000.000 | EUR | 2.049.249,88 | 2.049.730,00 | 0,14% |
| RCI BANQUE S.A. 0,75 17-260922 | 2.000.000 | EUR | 1.961.880,00 | 2.022.310,00 | 0,14% |
| RCI BANQUE S.A. 1,00 16-170523 | 2.000.000 | EUR | 2.003.280,00 | 2.032.190,00 | 0,14% |
| RCI BANQUE S.A. 1,125 20-150127 | 7.000.000 | EUR | 6.865.567,33 | 7.157.465,00 | 0,49% |
| RCI BANQUE S.A. 1,75 19-100426 | 3.000.000 | EUR | 2.943.110,00 | 3.170.730,00 | 0,22% |
| RCI BANQUE S.A. 2,00 19-110724 | 1.000.000 | EUR | 1.024.628,71 | 1.048.785,00 | 0,07% |
| RED ELECTRICA FINANCE 0,375 20-240728 | 1.400.000 | EUR | 1.385.482,00 | 1.444.016,00 | 0,10% |
| RENTOKIL INITIAL 0,50 20-141028 | 1.800.000 | EUR | 1.793.124,00 | 1.822.815,00 | 0,13% |
| RICHEMONT INTERNATIONAL 0,75 20-260528 | 1.500.000 | EUR | 1.498.260,00 | 1.586.842,50 | 0,11% |
| ROYAL BANK OF CANADA 0,125 19-230724 | 2.000.000 | EUR | 1.994.340,00 | 2.018.690,00 | 0,14% |
| ROYAL BANK OF CANADA 0,25 19-020524 | 3.500.000 | EUR | 3.481.660,00 | 3.550.785,00 | 0,24% |
| ROYAL PHILIPS 0,50 19-220526 | 2.000.000 | EUR | 1.989.880,00 | 2.065.910,00 | 0,14% |
| ROYAL SCHIPHOL GROUP 1,50 18-051130 | 1.500.000 | EUR | 1.480.185,00 | 1.682.197,50 | 0,12% |
| RTE EDF TRANSPORT 0,625 20-080732 | 3.500.000 | EUR | 3.483.900,00 | 3.656.327,50 | 0,25% |
| RTE EDF TRANSPORT 1,625 15-271125 | 1.000.000 | EUR | 995.520,00 | 1.085.195,00 | 0,07% |
| SAINT-GOBAIN 1,125 18-230326 | 1.500.000 | EUR | 1.493.970,00 | 1.587.742,50 | 0,11% |
| SAINT-GOBAIN 1,375 17-140627 | 3.500.000 | EUR | 3.523.322,50 | 3.807.405,00 | 0,26% |
| SAMPO PLC FRN 20-030952 | 7.000.000 | EUR | 7.317.960,00 | 7.587.125,00 | 0,52% |
| SANOFI S.A. 0,625 16-050424 | 4.000.000 | EUR | 4.026.880,00 | 4.121.660,00 | 0,28% |
| SANOFI S.A. 1,00 20-010425 | 1.200.000 | EUR | 1.196.676,00 | 1.262.100,00 | 0,09% |
| SAP SE 0,125 20-180526 | 2.500.000 | EUR | 2.484.375,00 | 2.542.237,50 | 0,17% |
| SAP SE 1,00 18-130326 | 3.000.000 | EUR | 3.049.500,00 | 3.182.700,00 | 0,22% |

DPAM L BONDS EUR QUALITY SUSTAINABLE
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| SAP SE 1,375 18-130330 | 4.000.000 | EUR | 4.231.680,00 | 4.501.420,00 | 0,31% |
| --- | --- | --- | --- | --- | --- |
| SBB TREASURY 0,75 20-141228 | 4.000.000 | EUR | 3.959.680,00 | 3.960.400,00 | 0,27% |
| SCANIA CV 0,00 20-231122 | 1.500.000 | EUR | 1.500.750,00 | 1.501.365,00 | 0,10% |
| SCHNEIDER ELECTRIC 0,25 20-110329 | 3.000.000 | EUR | 2.979.030,00 | 3.068.280,00 | 0,21% |
| SCHNEIDER ELECTRIC 0,875 17-131226 | 2.500.000 | EUR | 2.482.625,00 | 2.651.962,50 | 0,18% |
| SCHNEIDER ELECTRIC 1,00 20-090427 | 3.700.000 | EUR | 3.745.791,00 | 3.956.891,00 | 0,27% |
| SCHNEIDER ELECTRIC 1,375 18-210627 | 1.700.000 | EUR | 1.683.510,00 | 1.861.228,00 | 0,13% |
| SCHNEIDER ELECTRIC 1,50 19-150128 | 3.500.000 | EUR | 3.499.125,00 | 3.888.482,50 | 0,27% |
| SELP FINANCE 1,50 19-201226 | 3.000.000 | EUR | 2.998.440,00 | 3.226.470,00 | 0,22% |
| SIEMENS FINANCE 0,25 20-200229 | 3.000.000 | EUR | 2.995.200,00 | 3.084.000,00 | 0,21% |
| SIEMENS FINANCE 0,375 20-050626 | 2.000.000 | EUR | 1.998.940,00 | 2.060.260,00 | 0,14% |
| SIEMENS FINANCE 1,375 18-060930 | 2.000.000 | EUR | 1.990.580,00 | 2.278.290,00 | 0,16% |
| SIEMENS FINANCE 1,75 19-280239 | 1.300.000 | EUR | 1.288.950,00 | 1.625.591,50 | 0,11% |
| SIGNIFY N.V. 2,00 20-110524 | 7.000.000 | EUR | 7.098.030,00 | 7.406.665,00 | 0,51% |
| SIGNIFY N.V. 2,375 20-110527 | 2.000.000 | EUR | 2.059.600,00 | 2.218.930,00 | 0,15% |
| SOCIETE DES AUTOROUTES PARIS-RHIN-RHONE 1,125 16-090126 | 3.500.000 | EUR | 3.472.035,00 | 3.722.180,00 | 0,26% |
| SOCIETE DES AUTOROUTES PARIS-RHIN-RHONE 1,25 19-180128 | 3.500.000 | EUR | 3.469.655,00 | 3.813.740,00 | 0,26% |
| SOCIETE DES AUTOROUTES PARIS-RHIN-RHONE 1,50 18-250130 | 2.000.000 | EUR | 1.980.540,00 | 2.265.100,00 | 0,16% |
| SOCIETE DES AUTOROUTES PARIS-RHIN-RHONE 1,875 14-150125 | 1.000.000 | EUR | 994.990,00 | 1.080.350,00 | 0,07% |
| SOCIETE FONC LYON IM 1,50 20-050627 | 600.000 | EUR | 597.474,00 | 640.053,00 | 0,04% |
| SOCIETE GENERAL 0,875 19-240929 | 2.200.000 | EUR | 2.200.000,00 | 2.259.840,00 | 0,16% |
| SOCIETE GENERALE 0,75 20-250127 | 2.500.000 | EUR | 2.499.650,00 | 2.564.862,50 | 0,18% |
| SOCIETE GENERALE 0,875 20-220928 | 500.000 | EUR | 498.180,00 | 516.455,00 | 0,04% |
| SOCIETE GENERALE 1,25 19-150224 | 3.000.000 | EUR | 2.982.000,00 | 3.115.320,00 | 0,21% |
| SOCIETE GENERALE FRN 20-241130 | 2.500.000 | EUR | 2.488.625,00 | 2.508.025,00 | 0,17% |
| SODEXHO 0,50 20-170124 | 1.000.000 | EUR | 999.030,00 | 1.019.165,00 | 0,07% |
| SODEXHO 0,75 20-270425 | 2.000.000 | EUR | 1.996.580,00 | 2.069.900,00 | 0,14% |
| SODEXHO 1,00 20-170728 | 1.500.000 | EUR | 1.494.270,00 | 1.590.382,50 | 0,11% |
| STATKRAFT A/S 1,125 17-200325 | 5.000.000 | EUR | 5.066.228,00 | 5.246.175,00 | 0,36% |
| STEDIN HLDG 0,50 19-141129 | 7.000.000 | EUR | 6.996.470,00 | 7.216.650,00 | 0,50% |
| STE FONCIERE LYONNAIS 1,5 18-290525 | 2.000.000 | EUR | 1.976.600,00 | 2.113.260,00 | 0,15% |
| STORA ENSO OYJ 0,625 20-021230 | 1.500.000 | EUR | 1.488.165,00 | 1.527.375,00 | 0,11% |
| SUMITOMO MITSUI FINANCE 0,465 19-300524 | 1.500.000 | EUR | 1.500.000,00 | 1.530.585,00 | 0,11% |
| SUMITOMO MITSUI FINANCE 0,819 18-230723 | 3.000.000 | EUR | 3.000.000,00 | 3.077.625,00 | 0,21% |
| SVENSKA HANDELSBANKEN 0,01 20-021227 | 2.000.000 | EUR | 1.999.160,00 | 1.999.550,00 | 0,14% |
| SVENSKA HANDELSBANKEN 0,375 18-030723 | 2.200.000 | EUR | 2.187.636,00 | 2.239.193,00 | 0,15% |
| SVENSKA HANDELSBANKEN FRN 18-050329 | 2.000.000 | EUR | 1.999.240,00 | 2.087.980,00 | 0,14% |
| SWISS RE FINANCE FRN 20-040652 | 5.000.000 | EUR | 5.075.006,01 | 5.600.000,00 | 0,39% |
| SWISS RE FINANCE LUX FRN 19-300450 | 3.000.000 | EUR | 3.000.000,00 | 3.381.690,00 | 0,23% |
| TAKEDA PHARMACEUTICAL 1,375 20-090732 | 3.500.000 | EUR | 3.496.150,00 | 3.763.637,50 | 0,26% |
| TAKEDA PHARMACEUTICAL 2,25 18-211126 | 3.000.000 | EUR | 3.060.393,00 | 3.378.030,00 | 0,23% |
| TAKEDA PHARMACEUTICAL 3,00 18-211130 | 2.000.000 | EUR | 2.153.040,00 | 2.464.960,00 | 0,17% |
| TELEFONICA EMISIONE 0,664 20-030230 | 2.000.000 | EUR | 2.000.000,00 | 2.057.760,00 | 0,14% |
| TELEFONICA EMISIONE 1,069 19-050224 | 3.300.000 | EUR | 3.300.000,00 | 3.419.691,00 | 0,24% |
| TELEFONICA EMISIONE 1,201 20-210827 | 3.500.000 | EUR | 3.500.175,00 | 3.745.875,00 | 0,26% |
| TELEFONICA EMISIONE 1,715 17-120128 | 2.500.000 | EUR | 2.500.075,00 | 2.774.750,00 | 0,19% |
| TELEFONICA EMISIONE 2,318 17-171028 | 1.000.000 | EUR | 1.155.740,00 | 1.165.130,00 | 0,08% |
| TELEKOM FINANZ 1,50 16-071226 | 3.000.000 | EUR | 2.998.350,00 | 3.273.870,00 | 0,23% |
| TELEPERFORMANCE 0,25 20-261127 | 2.000.000 | EUR | 1.984.260,00 | 1.993.500,00 | 0,14% |
| TELSTRA CORP. 1,00 20-230430 | 1.000.000 | EUR | 992.740,00 | 1.077.000,00 | 0,07% |
| TELSTRA CORP. 1,375 19-260329 | 1.500.000 | EUR | 1.499.025,00 | 1.661.640,00 | 0,11% |

DPAM L BONDS EUR QUALITY SUSTAINABLE
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| TESCO CORP. TREASURY 0,875 19-290526 | 4.000.000 | EUR | 3.999.986,40 | 4.129.440,00 | 0,28% |
| --- | --- | --- | --- | --- | --- |
| THERMO FISHER 2,375 20-150432 | 2.600.000 | EUR | 2.572.440,00 | 3.157.778,00 | 0,22% |
| THERMO FISHER SCIENTIFIC 0,875 19-011031 | 1.500.000 | EUR | 1.488.645,00 | 1.583.422,50 | 0,11% |
| THERMO FISHER SCIENTIFIC 1,40 17-230126 | 4.000.000 | EUR | 3.992.471,25 | 4.286.320,00 | 0,29% |
| THERMO FISHER SCIENTIFIC 1,50 19-011039 | 2.000.000 | EUR | 1.902.860,00 | 2.203.180,00 | 0,15% |
| THERMO FISHER SCIENTIFIC 1,875 19-011049 | 1.500.000 | EUR | 1.474.890,00 | 1.740.600,00 | 0,12% |
| THERMO FISHER SCIENTIFIC 2,875 17-240737 | 2.000.000 | EUR | 2.080.600,00 | 2.656.730,00 | 0,18% |
| TLG IMMOBILIEN 1,50 19-280526 | 2.000.000 | EUR | 2.070.300,00 | 2.117.670,00 | 0,15% |
| TOTAL CAPITAL INTERNATIONAL 0,75 16-120728 | 4.800.000 | EUR | 4.738.944,00 | 5.092.488,00 | 0,35% |
| TOTAL CAPITAL INTERNATIONAL 1,491 20-080427 | 2.500.000 | EUR | 2.500.000,00 | 2.743.300,00 | 0,19% |
| TOTAL CAPITAL INTERNATIONAL 1,535 19-310539 | 1.500.000 | EUR | 1.500.000,00 | 1.760.032,50 | 0,12% |
| TOTAL CAPITAL INTERNATIONAL FRN 16-PERPETUAL | 2.500.000 | EUR | 2.630.823,22 | 2.624.437,50 | 0,18% |
| TOYOTA FINANCE AUSTRALIA 0,50 18-060423 | 2.500.000 | EUR | 2.488.200,00 | 2.543.225,00 | 0,17% |
| TOYOTA MOTOR CREDIT 0,25 20-160726 | 2.500.000 | EUR | 2.494.225,00 | 2.545.162,50 | 0,18% |
| TOYOTA MOTOR FINANCE 0,625 18-260923 | 2.000.000 | EUR | 1.993.920,00 | 2.049.830,00 | 0,14% |
| UBS A.G. LONDON 0,625 18-230123 | 6.000.000 | EUR | 6.001.020,00 | 6.106.410,00 | 0,42% |
| UBS GROUP A.G. 0FRN 20-051128 | 2.500.000 | EUR | 2.479.825,00 | 2.511.987,50 | 0,17% |
| UBS GROUP FRN 20-290126 | 2.700.000 | EUR | 2.685.042,00 | 2.722.113,00 | 0,19% |
| UBS GROUP FUNDING 1,75 15-161122 | 1.000.000 | EUR | 993.300,00 | 1.038.070,00 | 0,07% |
| UNIBAIL RODAMCO SE 1,375 20-041231 | 2.300.000 | EUR | 2.293.951,00 | 2.317.687,00 | 0,16% |
| UNICREDIT SpA 0,50 19-090425 | 1.000.000 | EUR | 999.190,00 | 1.013.855,00 | 0,07% |
| UNICREDIT SpA 1,00 18-180123 | 7.000.000 | EUR | 6.847.208,24 | 7.139.580,00 | 0,49% |
| UNICREDIT SpA 1,80 20-200130 | 5.000.000 | EUR | 5.088.706,50 | 5.244.625,00 | 0,36% |
| UNICREDIT SpA FRN 20-220727 | 3.000.000 | EUR | 2.995.650,00 | 3.189.150,00 | 0,22% |
| UNILEVER N.V. 1,125 18-120227 | 1.600.000 | EUR | 1.619.216,00 | 1.724.248,00 | 0,12% |
| UPM-KYMMENE 0,125 20-191128 | 1.900.000 | EUR | 1.882.406,00 | 1.895.164,50 | 0,13% |
| VEOLIA ENVIRONNEMENT 0,892 19-140124 | 2.000.000 | EUR | 2.000.000,00 | 2.060.110,00 | 0,14% |
| VEOLIA ENVIRONNEMENT 1,94 18-070130 | 3.500.000 | EUR | 3.500.000,00 | 4.028.045,00 | 0,28% |
| VERIZON COMMUNICATIONS INC. 1,25 19-080430 | 3.000.000 | EUR | 2.977.320,00 | 3.266.535,00 | 0,22% |
| VERIZON COMMUNICATIONS INC.1,30 20-180533 | 3.000.000 | EUR | 3.040.196,00 | 3.266.835,00 | 0,22% |
| VERIZON COMMUNICATIONS INC.1,50 19-190939 | 2.000.000 | EUR | 1.976.460,00 | 2.204.540,00 | 0,15% |
| VERIZON COMMUNICATIONS INC.1,875 17-261029 | 4.000.000 | EUR | 4.344.900,00 | 4.573.680,00 | 0,31% |
| VERIZON COMMUNICATIONS INC. 2,625 14-011231 | 5.000.000 | EUR | 5.336.450,00 | 6.207.850,00 | 0,43% |
| VERIZON COMMUNICATIONS INC.2,875 17-150138 | 1.000.000 | EUR | 1.329.321,00 | 1.316.450,00 | 0,09% |
| VESTEDA FINANCE 1,50 19-240527 | 1.000.000 | EUR | 992.250,00 | 1.083.010,00 | 0,07% |
| VF CORP. 0,25 20-250228 | 4.000.000 | EUR | 3.966.900,00 | 4.047.460,00 | 0,28% |
| VINCI S.A. 0,00 20-271128 | 2.700.000 | EUR | 2.712.771,00 | 2.707.816,50 | 0,19% |
| VINCI S.A. 1,625 19-180129 | 4.000.000 | EUR | 3.961.360,00 | 4.520.340,00 | 0,31% |
| VINCI S.A. 1,75 18-260930 | 1.700.000 | EUR | 1.693.268,00 | 1.977.380,50 | 0,14% |
| VIVENDI 0,625 19-110625 | 3.000.000 | EUR | 2.997.360,00 | 3.092.940,00 | 0,21% |
| VODAFONE GROUP 0,90 19-241126 | 2.000.000 | EUR | 2.074.500,00 | 2.108.280,00 | 0,15% |
| VODAFONE GROUP 1,125 17-201125 | 2.000.000 | EUR | 1.983.340,00 | 2.113.460,00 | 0,15% |
| VODAFONE GROUP 1,625 19-241130 | 2.500.000 | EUR | 2.696.459,00 | 2.799.637,50 | 0,19% |
| VOLVO TREASURY 0,125 20-170924 | 1.000.000 | EUR | 996.580,00 | 1.005.780,00 | 0,07% |
| VONOVIA FINANCE 0,625 19-071027 | 2.000.000 | EUR | 1.978.820,00 | 2.073.020,00 | 0,14% |
| VONOVIA FINANCE 0,625 20-090726 | 3.000.000 | EUR | 2.990.520,00 | 3.100.770,00 | 0,21% |
| VONOVIA FINANCE 0,75 18-150124 | 1.000.000 | EUR | 993.300,00 | 1.027.025,00 | 0,07% |
| VONOVIA FINANCE 0,875 18-030723 | 2.000.000 | EUR | 2.045.600,00 | 2.051.200,00 | 0,14% |
| VONOVIA FINANCE 1,625 20-070424 | 1.500.000 | EUR | 1.497.465,00 | 1.581.105,00 | 0,11% |
| VONOVIA FINANCE 2,75 18-220338 | 1.300.000 | EUR | 1.272.648,00 | 1.685.482,50 | 0,12% |
| VONOVIA FINANCE FRN 14-PERPETUAL | 5.000.000 | EUR | 5.216.562,02 | 5.176.300,00 | 0,36% |

DPAM L BONDS EUR QUALITY SUSTAINABLE
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| WORLDLINE S.A. 0,50 20-300623 | 1.500.000 | EUR | 1.498.755,00 | 1.523.760,00 | 0,10% |
| --- | --- | --- | --- | --- | --- |
| WPC EUROBOND B.V. 2,125 18-150427 | 3.000.000 | EUR | 2.979.720,00 | 3.273.885,00 | 0,23% |
| WPC EUROBOND B.V. 2,25 18-090426 | 2.500.000 | EUR | 2.481.300,00 | 2.744.937,50 | 0,19% |
| Total EURO |  |  | 1.356.307.183,79 | 1.426.708.794,26 | 98,17% |
| Total Obligations |  |  | 1.356.307.183,79 | 1.426.708.794,26 | 98,17% |
| Total Valeurs mobilières admises à la cote officielle d'une bourse de valeurs ou négociées sur un autre marché réglementé |  |  | 1.356.307.183,79 | 1.426.708.794,26 | 98,17% |
| Total du Portefeuille-Titres |  |  | 1.356.307.183,79 | 1.426.708.794,26 | 98,17% |

DPAM L BONDS UNIVERSALIS UNCONSTRAINED
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| Valeurs mobilières admises à la cote officielle d'une bourse de |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- |
| valeurs ou négociées sur un autre marché réglementé |  |  |  |  |  |
| Obligations |  |  |  |  |  |
| AUSTRALIA 1,00 19-211230 | 8.800.000 | AUD | 5.370.566,39 | 5.558.440,97 | 0,45% |
| AUSTRALIA 2,00 17-211221 | 17.500.000 | AUD | 11.752.872,92 | 11.243.772,07 | 0,91% |
| AUSTRALIA -INFLATION LINKED- 0,75 17-211127 | 55.000.000 | AUD | 38.015.344,21 | 41.067.545,57 | 3,32% |
| Total DOLLAR AUSTRALIEN |  |  | 55.138.783,52 | 57.869.758,61 | 4,68% |
| CANADA -INFLATION LINKED- 4,25 95-011226 | 10.000.000 | CAD | 13.631.960,81 | 13.282.030,38 | 1,07% |
| CANADIAN GOVT 2,25 14-010625 | 6.800.000 | CAD | 4.836.690,30 | 4.727.806,01 | 0,38% |
| Total DOLLAR CANADIEN |  |  | 18.468.651,11 | 18.009.836,39 | 1,46% |
| COCA-COLA CO 1,00 15-021028 | 8.000.000 | CHF | 7.826.747,53 | 8.018.972,77 | 0,65% |
| CREDIT SUISSE GROUP FINANCE Ltd 1,00 15-140423 | 6.500.000 | CHF | 6.008.326,57 | 6.160.230,68 | 0,50% |
| VERIZON COMMUNICATIONS INC. 0,375 17-310523 | 3.500.000 | CHF | 3.182.430,09 | 3.294.750,59 | 0,27% |
| Total FRANC SUISSE |  |  | 17.017.504,19 | 17.473.954,04 | 1,41% |
| CZECH 1,00 15-260626 | 260.000.000 | CZK | 9.932.871,13 | 9.968.201,20 | 0,81% |
| CZECH 1,50 20-240440 | 70.000.000 | CZK | 2.618.773,48 | 2.631.983,48 | 0,21% |
| CZECH 2,50 13-250828 | 200.000.000 | CZK | 7.952.148,80 | 8.437.552,36 | 0,68% |
| Total COURONNE TCHÈQUE |  |  | 20.503.793,41 | 21.037.737,04 | 1,70% |
| AB INBEV 2,125 20-021227 | 3.000.000 | EUR | 2.994.900,00 | 3.418.380,00 | 0,28% |
| ADIDAS A.G. 0,625 20-100935 | 2.000.000 | EUR | 1.987.200,00 | 2.099.810,00 | 0,17% |
| ANHEUSER BUSCH INBEV 1,65 19-280331 | 10.000.000 | EUR | 10.089.946,00 | 11.262.350,00 | 0,91% |
| AT&T INC. 3,15 17-040936 | 8.000.000 | EUR | 8.032.208,00 | 10.144.880,00 | 0,82% |
| BANK OF AMERICA 1,776 17-040527 | 2.500.000 | EUR | 2.500.000,00 | 2.723.675,00 | 0,22% |
| BARCLAYS PLC 1,375 18-240126 | 2.000.000 | EUR | 1.996.160,00 | 2.098.920,00 | 0,17% |
| BARCLAYS PLC 1,875 16-081223 | 2.500.000 | EUR | 2.491.575,00 | 2.637.262,50 | 0,21% |
| BARCLAYS PLC FRN 17-070228 | 5.000.000 | EUR | 4.880.000,00 | 5.116.050,00 | 0,41% |
| BMW FINANCE N.V. 0,875 20-140132 | 1.600.000 | EUR | 1.592.752,00 | 1.724.864,00 | 0,14% |
| BMW FINANCE N.V. 1,50 19-060229 | 5.000.000 | EUR | 4.979.436,00 | 5.583.625,00 | 0,45% |
| BNP PARIBAS S.A. 0,625 20-031232 | 4.500.000 | EUR | 4.495.860,00 | 4.550.107,50 | 0,37% |
| BNP PARIBAS S.A. 1,50 17-230528 | 1.000.000 | EUR | 995.890,00 | 1.094.835,00 | 0,09% |
| BNP PARIBAS S.A. FRN 18-190123 | 5.000.000 | EUR | 4.996.370,00 | 5.027.450,00 | 0,41% |
| BNP PARIBAS S.A. FRN 19-040626 | 2.500.000 | EUR | 2.495.150,00 | 2.548.025,00 | 0,21% |
| CHINA 0,25 20-251130 | 23.000.000 | EUR | 22.872.260,00 | 23.009.200,00 | 1,86% |
| CHINA 0,625 20-251135 | 12.000.000 | EUR | 11.933.400,00 | 12.016.440,00 | 0,97% |
| CHINA GVT 0,50 19-121131 | 6.750.000 | EUR | 6.750.625,00 | 6.807.037,50 | 0,55% |
| CHUBB INA 0,875 19-150627 | 2.000.000 | EUR | 1.997.380,00 | 2.103.790,00 | 0,17% |
| CHUBB INA 0,875 19-151229 | 1.500.000 | EUR | 1.498.425,00 | 1.591.665,00 | 0,13% |
| COFIROUTE 1,00 20-190531 | 600.000 | EUR | 599.070,00 | 648.600,00 | 0,05% |
| COOP RABOBANK 0,25 19-301026 | 2.000.000 | EUR | 1.992.800,00 | 2.042.380,00 | 0,17% |
| COOP RABOBANK 0,625 19-270224 | 3.000.000 | EUR | 2.994.246,75 | 3.073.440,00 | 0,25% |
| CREDIT AGRICOLE 1,75 19-050329 | 4.000.000 | EUR | 3.994.206,00 | 4.478.600,00 | 0,36% |
| CREDIT AGRICOLE S.A. 0,375 19-211025 | 3.000.000 | EUR | 2.999.522,00 | 3.055.605,00 | 0,25% |

DPAM L BONDS UNIVERSALIS UNCONSTRAINED
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| CREDIT AGRICOLE S.A. 0,875 20-140132 | 1.500.000 | EUR | 1.493.385,00 | 1.575.562,50 | 0,13% |
| --- | --- | --- | --- | --- | --- |
| CREDIT SUISSE GROUP FRN 19-240627 | 1.500.000 | EUR | 1.514.473,64 | 1.563.532,50 | 0,13% |
| DAIMLER A.G. 0,75 20-100930 | 2.000.000 | EUR | 1.983.760,00 | 2.082.410,00 | 0,17% |
| DAIMLER A.G. 1,125 19-080834 | 9.500.000 | EUR | 9.284.749,86 | 10.137.212,50 | 0,82% |
| DAIMLER A.G. 2,625 20-070425 | 6.200.000 | EUR | 6.175.076,00 | 6.876.668,00 | 0,56% |
| DAIMLER INTERNATIONAL FINANCE 0,625 19-060527 | 2.000.000 | EUR | 1.987.060,00 | 2.050.290,00 | 0,17% |
| DEUTSCHE TELEKOM A.G 1,375 19-050734 | 10.000.000 | EUR | 10.070.620,00 | 11.248.350,00 | 0,91% |
| DEUTSCHE TELEKOM A.G 1,75 19-250331 | 2.000.000 | EUR | 2.008.900,00 | 2.311.460,00 | 0,19% |
| DEUTSCHLAND -INFLATION LINKED- 0,10 15-150426 | 15.000.000 | EUR | 17.116.828,80 | 17.168.240,63 | 1,39% |
| ESSILOR LUXOTTICA 0,125 19-270525 | 1.400.000 | EUR | 1.390.382,00 | 1.413.601,00 | 0,11% |
| FRANCE OAT -INFLATION LINKED- 0,10 16-250747 | 7.000.000 | EUR | 8.355.264,58 | 10.069.232,36 | 0,81% |
| FRANCE OAT -INFLATION LINKED- 0,10 19-010329 | 23.000.000 | EUR | 25.866.706,61 | 26.149.613,52 | 2,11% |
| FRANCE OAT -INFLATION LINKED- 1,80 07-250740 | 12.000.000 | EUR | 21.237.242,97 | 23.869.280,63 | 1,93% |
| GERMANY -INFLATION LINKED- 0,10 12-150423 | 7.000.000 | EUR | 8.028.705,91 | 7.795.443,03 | 0,63% |
| GERMANY -INFLATION LINKED- 0,50 14-150430 | 20.000.000 | EUR | 25.025.283,35 | 25.388.367,39 | 2,05% |
| GOLDMAN SACHS GROUP FRN 20-210423 | 2.000.000 | EUR | 2.005.120,00 | 2.005.240,00 | 0,16% |
| HSBC HLDG PLC FRN 20-131131 | 3.000.000 | EUR | 3.000.000,00 | 3.107.385,00 | 0,25% |
| IBERDROLA FINANZAS 0,875 20-160625 | 1.600.000 | EUR | 1.596.544,00 | 1.667.208,00 | 0,13% |
| INTERNATIONAL BANK FOR RECONSTRUCTION & DEVELOPMENT |  |  |  |  |  |
| 0,10 20-170935 | 2.700.000 | EUR | 2.693.979,00 | 2.765.664,00 | 0,22% |
| JP MORGAN CHASE & CO FRN 17-180528 | 2.000.000 | EUR | 2.000.000,00 | 2.192.720,00 | 0,18% |
| JP MORGAN CHASE & CO FRN 18-120629 | 2.800.000 | EUR | 2.800.000,00 | 3.148.698,00 | 0,25% |
| KBC GROUP 0,125 20-100926 | 5.000.000 | EUR | 4.983.350,00 | 5.013.975,00 | 0,41% |
| KONINKLIJKE AHOLD 0,25 19-260625 | 600.000 | EUR | 596.676,00 | 612.537,00 | 0,05% |
| KONINKLIJKE DSM 0,25 20-230628 | 3.200.000 | EUR | 3.188.896,00 | 3.270.448,00 | 0,26% |
| LINDE FINANCE B.V. 0,55 20-190532 | 3.000.000 | EUR | 2.983.020,00 | 3.134.880,00 | 0,25% |
| MEXICO BONOS 1,75 18-170428 | 15.000.000 | EUR | 14.370.000,00 | 15.808.875,00 | 1,28% |
| MEXICO BONOS 4,00 15-150315 | 20.000.000 | EUR | 20.977.050,00 | 23.090.500,00 | 1,87% |
| MITSUBISHI UFJ FINANCIAL 0,872 17-070924 | 2.500.000 | EUR | 2.500.000,00 | 2.587.075,00 | 0,21% |
| MONDELEZ INTL 0,375 20-220929 | 2.000.000 | EUR | 1.991.652,80 | 2.032.910,00 | 0,16% |
| MOODY'S CORP. 0,95 19-250230 | 5.000.000 | EUR | 4.990.614,00 | 5.321.675,00 | 0,43% |
| MORGAN STANLEY FRN 17-231026 | 5.000.000 | EUR | 5.022.717,00 | 5.308.400,00 | 0,43% |
| NESTLE FINANCE INTERNATIONAL 0,375 20-120532 | 3.000.000 | EUR | 2.944.710,00 | 3.109.035,00 | 0,25% |
| ORANGE 0,50 19-040932 | 700.000 | EUR | 695.100,00 | 718.007,50 | 0,06% |
| ORANGE 1,375 19-040949 | 10.000.000 | EUR | 9.724.797,33 | 11.359.800,00 | 0,92% |
| PORTUGAL 0,475 20-181030 | 32.000.000 | EUR | 31.951.120,00 | 33.403.680,00 | 2,70% |
| PORTUGAL 4,10 06-150437 | 15.000.000 | EUR | 21.412.293,85 | 23.742.450,00 | 1,92% |
| ROMANIA 2,00 20-280132 | 4.000.000 | EUR | 4.000.000,00 | 4.202.240,00 | 0,34% |
| ROMANIA 2,375 17-190427 | 2.000.000 | EUR | 1.957.500,00 | 2.188.340,00 | 0,18% |
| ROMANIA 2,625 20-021240 | 12.000.000 | EUR | 12.036.960,00 | 12.825.540,00 | 1,04% |
| SANTANDER CONSUMER 0,50 20-040227 | 6.000.000 | EUR | 5.967.520,00 | 6.102.810,00 | 0,49% |
| SIEMENS FINANCE 1,75 19-280239 | 7.500.000 | EUR | 7.499.131,00 | 9.378.412,50 | 0,76% |
| SPAIN KINGDOM 0,60 19-311029 | 12.800.000 | EUR | 12.865.828,57 | 13.561.024,00 | 1,10% |
| SPAIN KINGDOM 1,00 20-311050 | 14.000.000 | EUR | 13.681.925,00 | 14.511.630,00 | 1,17% |
| SPAIN KINGDOM 2,90 16-311046 | 10.000.000 | EUR | 10.482.400,98 | 14.999.250,00 | 1,21% |
| SPAIN KINGDOM -INFLATION LINKED- 0,70 17-301133 | 32.000.000 | EUR | 38.145.911,24 | 39.560.204,16 | 3,20% |
| TELEFONICA EMISIONE 0,664 20-030230 | 3.800.000 | EUR | 3.800.000,00 | 3.909.744,00 | 0,32% |
| TELEFONICA EMISIONE 2,932 14-171029 | 4.000.000 | EUR | 4.364.700,00 | 4.940.320,00 | 0,40% |
| TELEFONICA EUROPE FRN 18-PERPETUAL | 7.000.000 | EUR | 6.863.250,00 | 7.198.415,00 | 0,58% |
| TELEFONICA EUROPE FRN 18-PERPETUAL | 7.000.000 | EUR | 7.097.457,76 | 7.569.870,00 | 0,61% |
| TENNET HLDG 0,125 20-301132 | 2.500.000 | EUR | 2.481.025,00 | 2.489.050,00 | 0,20% |

DPAM L BONDS UNIVERSALIS UNCONSTRAINED
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| UBS GROUP FUNDING 1,25 16-010926 | 8.750.000 | EUR | 8.669.078,16 | 9.324.218,75 | 0,75% |
| --- | --- | --- | --- | --- | --- |
| UNITED MEXICAN STATE 1,125 20-170130 | 1.500.000 | EUR | 1.483.725,00 | 1.496.272,50 | 0,12% |
| VERIZON COMMUNICATIONS INC.1,85 20-180540 | 10.000.000 | EUR | 10.330.491,20 | 11.509.900,00 | 0,93% |
| VINCI S.A. 1,75 18-260930 | 1.000.000 | EUR | 996.040,00 | 1.163.165,00 | 0,09% |
| VODAFONE GROUP FRN 20-270880 | 4.000.000 | EUR | 4.000.000,00 | 4.120.380,00 | 0,33% |
| VOLVO CAR AB 2,125 19-020424 | 5.000.000 | EUR | 5.057.682,82 | 5.170.575,00 | 0,42% |
| Total EURO |  |  | 557.906.087,18 | 598.178.778,97 | 48,34% |
| BARCLAYS PLC FRN 17-061023 | 6.600.000 | GBP | 7.445.121,91 | 7.585.502,18 | 0,61% |
| ENEL FINANCE INTERNATIONAL 1,00 20-201027 | 2.200.000 | GBP | 2.432.277,34 | 2.497.138,87 | 0,20% |
| ENEL FINANCE INTERNATIONAL 5,75 09-140940 | 2.750.000 | GBP | 2.986.425,56 | 5.049.757,01 | 0,41% |
| SIEMENS FINANCE 1,00 20-200225 | 1.700.000 | GBP | 2.012.420,99 | 1.955.484,30 | 0,16% |
| UK TREASURY GILT 0,375 20-221030 | 2.700.000 | GBP | 3.020.896,79 | 3.064.685,51 | 0,25% |
| VODAFONE GROUP 3,375 16-080849 | 3.000.000 | GBP | 3.104.158,90 | 4.156.831,64 | 0,34% |
| Total LIVRE STERLING |  |  | 21.001.301,49 | 24.309.399,51 | 1,96% |
| JAPAN 0,40 19-200339 | 550.000.000 | JPY | 4.632.965,71 | 4.382.090,07 | 0,35% |
| JAPAN -INFLATION LINKED- 0,10 19-100329 | 600.000.000 | JPY | 5.074.785,11 | 4.770.841,95 | 0,39% |
| JAPAN -INFLATION LINKED- 0,20 20-100330 | 2.650.000.000 | JPY | 21.982.092,33 | 21.240.417,91 | 1,72% |
| JAPAN TREASURY 0,40 20-200340 | 775.000.000 | JPY | 6.483.489,42 | 6.145.376,88 | 0,50% |
| Total YEN JAPONAIS |  |  | 38.173.332,57 | 36.538.726,81 | 2,95% |
| MEXICO 7,75 11-131142 | 700.000 | MXN | 3.153.836,68 | 3.310.850,97 | 0,27% |
| MEXICO BONOS 5,75 15-050326 | 4.450.000 | MXN | 17.570.453,39 | 19.113.488,18 | 1,54% |
| MEXICO BONOS 8,50 08-310529 | 500.000 | MXN | 2.329.992,51 | 2.499.266,82 | 0,20% |
| Total NOUVEAU PESO MEXICAIN |  |  | 23.054.282,58 | 24.923.605,97 | 2,01% |
| NEW ZEALAND 1,75 20-150541 | 10.000.000 | NZD | 5.905.184,14 | 5.807.637,99 | 0,47% |
| NEW ZEALAND 3,00 18-200429 | 23.000.000 | NZD | 15.398.017,69 | 15.913.092,86 | 1,29% |
| NEW ZEALAND 4,50 14-150427 | 25.500.000 | NZD | 17.976.994,36 | 18.640.779,10 | 1,51% |
| NEW ZEALAND 5,50 11-150423 | 3.500.000 | NZD | 2.426.828,55 | 2.303.977,87 | 0,19% |
| Total DOLLAR NEO-ZÉLANDAIS |  |  | 41.707.024,74 | 42.665.487,82 | 3,45% |
| SWEDISH GOVT 2,25 12-010632 | 187.000.000 | SEK | 22.138.593,08 | 23.209.233,71 | 1,88% |
| Total COURONNE SUÉDOISE |  |  | 22.138.593,08 | 23.209.233,71 | 1,88% |
| ABB FINANCE USA INC. 2,875 12-080522 | 5.000.000 | USD | 3.969.937,13 | 4.226.656,04 | 0,34% |
| ALPHABET INC. 1,998 16-150826 | 10.000.000 | USD | 8.888.170,08 | 8.758.571,37 | 0,71% |
| ASIAN DEVELOPMENT BANK 0,75 20-081030 | 15.000.000 | USD | 12.489.974,83 | 11.936.986,63 | 0,96% |
| AT&T INC. 4,30 18-150230 | 4.026.000 | USD | 3.423.042,07 | 3.934.822,31 | 0,32% |
| BANK OF AMERICA FRN 17-240428 | 3.000.000 | USD | 2.396.534,59 | 2.797.192,59 | 0,23% |
| BANK OF AMERICA FRN 19-150350 | 16.000.000 | USD | 16.128.017,79 | 17.109.623,64 | 1,38% |
| BARCLAYS PLC 4,836 17-090528 | 5.000.000 | USD | 4.098.543,09 | 4.707.286,18 | 0,38% |
| CHINA GOVT INTERNATIONAL 1,20 20-211030 | 10.000.000 | USD | 8.444.232,60 | 8.143.026,44 | 0,66% |
| CHINA GOVT INTERNATIONAL 2,25 20-21102050 | 5.000.000 | USD | 4.220.477,06 | 4.020.064,57 | 0,32% |
| COMCAST 3,375 15-150825 | 5.000.000 | USD | 4.680.626,73 | 4.559.989,38 | 0,37% |
| COOP RABOBANK UA 4,00 17-100429 | 4.000.000 | USD | 3.603.314,06 | 3.526.361,82 | 0,28% |

DPAM L BONDS UNIVERSALIS UNCONSTRAINED
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| ENEL FINANCE INTERNATIONAL 6,80 07-150937 | 3.250.000 | USD | 3.749.564,10 | 3.910.106,86 | 0,32% |
| --- | --- | --- | --- | --- | --- |
| EUROPEAN INVESTMENT BANK 0,75 20-230930 | 10.000.000 | USD | 8.312.130,41 | 7.979.731,11 | 0,64% |
| GOLDMAN SACHS GROUP 3,75 16-250226 | 5.000.000 | USD | 4.662.898,67 | 4.648.175,39 | 0,38% |
| GOLDMAN SACHS GROUP 6,25 11-010241 | 5.000.000 | USD | 3.739.744,51 | 6.443.300,23 | 0,52% |
| GRUPO TELEVISA 5,00 14-130545 | 7.000.000 | USD | 5.577.455,04 | 6.932.348,49 | 0,56% |
| INTERNATIONAL BANK FOR RECONSTRUCTION & DEVELOPMENT 0,875 20-140530 | 24.000.000 | USD | 21.022.214,64 | 19.395.758,24 | 1,57% |
| JP MORGAN CHASE & CO 5,60 11-150741 | 7.000.000 | USD | 6.332.891,33 | 8.647.693,19 | 0,70% |
| MAROCCO KINGDOM 3,00 20-151232 | 2.500.000 | USD | 2.054.938,71 | 2.075.569,04 | 0,17% |
| MEXICO BONOS 4,50 19-220429 | 7.000.000 | USD | 6.775.802,37 | 6.719.753,99 | 0,54% |
| MICROSOFT CORP. 3,50 15-120235 | 10.000.000 | USD | 10.158.376,06 | 10.068.039,72 | 0,81% |
| ORACLE CORP. 2,50 12-151022 | 5.000.000 | USD | 4.047.775,93 | 4.248.477,79 | 0,34% |
| SCHLUMBERGER FINANCE 3,90 19-170528 | 5.171.000 | USD | 4.489.642,92 | 4.768.895,64 | 0,39% |
| SUMITOMO MITSUI 4,306 18-161028 | 2.500.000 | USD | 2.167.786,69 | 2.442.646,40 | 0,20% |
| TENCENT HLDG LTD 3,80 15-110225 | 5.000.000 | USD | 4.114.818,26 | 4.495.280,13 | 0,36% |
| US TREASURY 0,625 20-150830 | 25.000.000 | USD | 20.264.485,64 | 19.916.750,85 | 1,61% |
| US TREASURY 1,125 20-150840 | 10.000.000 | USD | 7.833.618,27 | 7.735.559,48 | 0,63% |
| US TREASURY BONDS -INFLATION LINKED- 0,75 15-150245 | 40.000.000 | USD | 42.961.535,26 | 46.644.803,64 | 3,77% |
| US TREASURY -INFLATION LINKED- 0,375 13-150723 | 22.500.000 | USD | 21.147.467,35 | 21.809.724,16 | 1,76% |
| US TREASURY -INFLATION LINKED- 0,50 19-150424 | 36.000.000 | USD | 32.820.152,91 | 32.556.210,32 | 2,63% |
| US TREASURY -INFLATION LINKED- 0,75 18-150728 | 17.000.000 | USD | 16.533.831,92 | 16.165.882,64 | 1,31% |
| Total DOLLAR DES ETATS-UNIS |  |  | 301.110.001,02 | 311.325.288,28 | 25,16% |
| SOUTH AFRICA 7,75 12-280223 | 194.000.000 | ZAR | 12.891.345,80 | 11.501.487,55 | 0,93% |
| SOUTH AFRICA 8,5 13-310137 | 400.000.000 | ZAR | 20.820.011,18 | 18.485.960,46 | 1,49% |
| Total RAND SUD-AFRICAIN |  |  | 33.711.356,98 | 29.987.448,01 | 2,42% |
| Total Obligations |  |  | 1.149.930.711,87 | 1.205.529.255,16 | 97,42% |
| Total Valeurs mobilières admises à la cote officielle d'une bourse de valeurs ou négociées sur un autre marché réglementé |  |  | 1.149.930.711,87 | 1.205.529.255,16 | 97,42% |
| Options |  |  |  |  |  |
| CALL US TREASURY LG BD FÉVRIER 21 ST 173 | -300 | USD | -500.653,25 | -344.795,88 | -0,03% |
| Total DOLLAR DES ETATS-UNIS |  |  | -500.653,25 | -344.795,88 | -0,03% |
| Total Options |  |  | -500.653,25 | -344.795,88 | -0,03% |
| Total du Portefeuille-Titres |  |  | 1.149.430.058,62 | 1.205.184.459,28 | 97,39% |

DPAM L BONDS HIGHER YIELD
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| Valeurs mobilières admises à la cote officielle d'une bourse de |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- |
| valeurs ou négociées sur un autre marché réglementé |  |  |  |  |  |
| Obligations |  |  |  |  |  |
| BRAZIL -INFLATION LINKED- 6,00 20-150525 | 3.000 | BRL | 1.945.640,36 | 1.903.380,79 | 0,94% |
| Total REAL BRÉSILIEN |  |  | 1.945.640,36 | 1.903.380,79 | 0,94% |
| ACCOR CV 0,70 20-071227 | 9.591 | EUR | 461.518,92 | 501.882,64 | 0,25% |
| AGEAS / FORTIS BANK SA/NV FLOATING RATE PERPETUAL (CONV.) | 2.000.000 | EUR | 1.598.750,00 | 1.683.330,00 | 0,83% |
| AGEAS FRN 19-PERPETUAL | 2.000.000 | EUR | 2.000.000,00 | 2.130.780,00 | 1,05% |
| AKELIUS RESIDENTIAL PROPERTY FRN 20-170581 | 1.285.000 | EUR | 1.285.000,00 | 1.300.580,63 | 0,64% |
| ALTICE FINCO 4,75 17-150128 | 2.000.000 | EUR | 1.865.000,00 | 1.940.330,00 | 0,95% |
| ALTICE FRANCE S.A. 3,375 19-150128 | 2.000.000 | EUR | 2.000.000,00 | 1.983.350,00 | 0,98% |
| ARAMARK INTERNATIONAL FINANCE 3,125 17-010425 | 1.000.000 | EUR | 1.019.365,00 | 1.007.650,00 | 0,50% |
| ARDAGH PKG FINANCE 2,125 20-150826 | 1.300.000 | EUR | 1.287.244,00 | 1.306.259,50 | 0,64% |
| ARD FINANCE S.A. 5,00 19-300627 | 1.000.000 | EUR | 1.000.000,00 | 1.022.920,00 | 0,50% |
| ARENA LUXEMBOURG 1,875 20-010228 | 1.500.000 | EUR | 1.500.000,00 | 1.432.237,50 | 0,70% |
| ASSICURAZIONI GENERALI FRN 16-080648 | 1.500.000 | EUR | 1.596.750,00 | 1.819.582,50 | 0,89% |
| AVANTOR FUNDING 2,625 20-011125 | 1.500.000 | EUR | 1.500.000,00 | 1.539.067,50 | 0,76% |
| AVANTOR FUNDING 3,875 20-150728 | 1.000.000 | EUR | 1.000.000,00 | 1.052.750,00 | 0,52% |
| AXALTA COATING SYSTEMS 3,75 16-150125 | 1.100.000 | EUR | 1.125.450,00 | 1.124.398,00 | 0,55% |
| BELFIUS BANQUE FRN 18-PERPETUAL | 2.000.000 | EUR | 1.809.000,00 | 1.956.560,00 | 0,96% |
| BLITZ -F- 6,00 18-300726 | 1.000.000 | EUR | 996.541,43 | 1.052.255,00 | 0,52% |
| CAIXABANK S.A. FRN 18-PERPETUAL | 2.000.000 | EUR | 1.905.000,00 | 2.055.370,00 | 1,01% |
| CASINO GUICHARD-PERRACHON 4,498 14-070324 | 1.000.000 | EUR | 958.812,50 | 980.865,00 | 0,48% |
| CEMEX 3,125 19-190326 | 1.000.000 | EUR | 1.008.358,00 | 1.032.245,00 | 0,51% |
| CENTRAL BANK TUNISIA 6,375 19-150726 | 1.000.000 | EUR | 989.450,00 | 917.075,00 | 0,45% |
| CHEPLAPHARMACEUTICAL 3,50 20-110227 | 1.000.000 | EUR | 1.012.500,00 | 1.006.405,00 | 0,49% |
| CMA CGM 7,50 20-150126 | 2.000.000 | EUR | 1.956.960,00 | 2.149.440,00 | 1,06% |
| CONSTANTIN INVESTMENT 5,375 17-150425 | 1.300.000 | EUR | 1.266.102,00 | 1.329.724,50 | 0,65% |
| CONSTELLIUM 4,25 17-150226 | 1.000.000 | EUR | 1.004.250,00 | 1.024.805,00 | 0,50% |
| COOP RABOBANK FRN 18-PERPETUAL | 1.000.000 | EUR | 1.089.975,00 | 1.093.990,00 | 0,54% |
| COOP RABOBANK FRN 20-PERPETUAL | 2.600.000 | EUR | 2.600.000,00 | 2.881.853,00 | 1,42% |
| DKT FINANCE APS 7,00 18-170623 | 1.000.000 | EUR | 1.040.000,00 | 1.034.800,00 | 0,51% |
| DUFRY ONE B.V. 2,00 19-150227 | 1.000.000 | EUR | 1.000.000,00 | 941.905,00 | 0,46% |
| EDF FRN 20-PERPETUAL | 3.000.000 | EUR | 2.954.250,00 | 3.162.300,00 | 1,56% |
| ENEL SpA FRN 20-PERPETUAL | 1.100.000 | EUR | 1.091.882,00 | 1.148.856,50 | 0,56% |
| ENERGIAS DE PORTUGAL FRN 19-300479 | 1.000.000 | EUR | 1.043.500,00 | 1.100.925,00 | 0,54% |
| ENERGIAS DE PORTUGAL FRN 20-200780 | 1.000.000 | EUR | 997.440,00 | 999.545,00 | 0,49% |
| ERSTE GROUP BANK FRN 20-PERPETUAL | 2.000.000 | EUR | 2.000.000,00 | 2.073.460,00 | 1,02% |
| FAURECIA 2,375 19-150627 | 1.000.000 | EUR | 1.000.000,00 | 1.012.190,00 | 0,50% |
| FAURECIA 3,75 20-150628 | 1.000.000 | EUR | 1.000.000,00 | 1.054.025,00 | 0,52% |
| FEDERAL-MOGUL 5,00 17-150724 | 1.000.000 | EUR | 1.003.500,00 | 1.015.450,00 | 0,50% |
| GRIFOLS S.A. 2,25 19-151127 | 1.000.000 | EUR | 1.029.800,00 | 1.016.165,00 | 0,50% |
| HEIMSTADEN BOSTAD FRN 19-PERPETUAL | 1.000.000 | EUR | 1.000.000,00 | 1.032.530,00 | 0,51% |
| HEIMSTADEN FRN 20-PERPETUAL | 2.300.000 | EUR | 2.286.177,00 | 2.392.782,00 | 1,18% |
| HSBC HLDG FRN 14-PERPETUAL | 2.000.000 | EUR | 2.035.200,00 | 2.092.000,00 | 1,03% |
| HT TROPLAST GMBH 9,25 20-150725 | 1.000.000 | EUR | 1.040.562,50 | 1.116.435,00 | 0,55% |
| INEOS FINANCE 3,375 20-310326 | 2.500.000 | EUR | 2.500.000,00 | 2.583.662,50 | 1,27% |

DPAM L BONDS HIGHER YIELD
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| INTERTRUST GROUP B.V. 3,375 18-151125 | 1.000.000 | EUR | 1.000.000,00 | 1.024.685,00 | 0,50% |
| --- | --- | --- | --- | --- | --- |
| INTESA SAN PAOLO SpA FRN 17-PERPETUAL | 2.500.000 | EUR | 3.001.250,00 | 2.998.762,50 | 1,47% |
| IQVIA INC. 2,25 19-150128 | 2.000.000 | EUR | 2.030.510,00 | 2.023.930,00 | 1,00% |
| KBC GROUP FRN 18-PERPETUAL | 3.000.000 | EUR | 2.948.636,30 | 3.150.255,00 | 1,55% |
| LA POSTE S.A. FRN 18-PERPETUAL | 1.500.000 | EUR | 1.530.275,00 | 1.615.867,50 | 0,79% |
| LEVI STRAUSS & CO 3,375 17-150327 | 650.000 | EUR | 672.805,00 | 674.794,25 | 0,33% |
| LINCOLN FINANCING 3,625 19-010424 | 1.000.000 | EUR | 1.000.000,00 | 1.013.440,00 | 0,50% |
| LOXAM SAS 3,75 19-150726 | 1.000.000 | EUR | 1.000.000,00 | 1.020.415,00 | 0,50% |
| LOXAM SAS 5,75 19-150727 | 1.500.000 | EUR | 1.446.120,00 | 1.519.012,50 | 0,75% |
| MAXEDA DIY HLDG 5,875 20-011026 | 1.000.000 | EUR | 1.000.000,00 | 1.045.935,00 | 0,51% |
| MEXICO BONOS 4,00 15-150315 | 3.000.000 | EUR | 2.675.296,87 | 3.463.575,00 | 1,70% |
| MONTENEGRO 2,55 19-031029 | 1.800.000 | EUR | 1.761.228,00 | 1.708.929,00 | 0,84% |
| NOKIA CORP. 3,125 20-150528 | 500.000 | EUR | 498.955,00 | 551.122,50 | 0,27% |
| NORTH MACEDONIA 3,675 20-060326 | 500.000 | EUR | 492.780,00 | 561.400,00 | 0,28% |
| OI EUROPEAN GROUP 2,875 19-150225 | 1.000.000 | EUR | 1.000.000,00 | 1.018.230,00 | 0,50% |
| ORANO S.A. 2,75 20-080328 | 1.000.000 | EUR | 991.640,00 | 1.052.450,00 | 0,52% |
| PAPREC HLDG S.A. 4,00 18-310325 | 1.000.000 | EUR | 1.002.618,33 | 1.002.195,00 | 0,49% |
| PEACH PROPERTY FINANCE 4,375 20-151125 | 2.000.000 | EUR | 2.000.000,00 | 2.094.440,00 | 1,03% |
| PIAGGIO 3,625 18-300425 | 700.000 | EUR | 714.700,00 | 717.370,50 | 0,35% |
| PICARD BONDCO 5,50 17-301124 | 1.000.000 | EUR | 1.018.750,00 | 1.027.385,00 | 0,51% |
| PPF TELECOM 3,25 20-290927 | 1.000.000 | EUR | 992.320,00 | 1.076.855,00 | 0,53% |
| RCS & RDS S.A. 2,50 20-050225 | 2.000.000 | EUR | 2.000.000,00 | 1.987.680,00 | 0,98% |
| ROSSINI FRN 19-301025 | 2.000.000 | EUR | 2.000.000,00 | 1.995.320,00 | 0,98% |
| SARENS FINANCE CO N.V. 5,75 20-240227 | 1.500.000 | EUR | 1.500.000,00 | 1.397.385,00 | 0,69% |
| SHUNSHINE MID B.V. 6,50 18-150526 | 800.000 | EUR | 791.066,40 | 833.040,00 | 0,41% |
| SIGMA HOLDCO B.V. 5,75 18-150526 | 1.000.000 | EUR | 984.000,00 | 992.565,00 | 0,49% |
| SISAL PAY SpA FRN 19-171226 | 2.000.000 | EUR | 2.000.000,00 | 2.006.450,00 | 0,99% |
| SOLVAY FINANCE FRN 13-PERPETUAL | 2.852.000 | EUR | 3.070.372,97 | 3.167.973,08 | 1,56% |
| SPIE S.A. 2,625 19-180626 | 1.500.000 | EUR | 1.500.000,00 | 1.573.965,00 | 0,77% |
| STARFRUIT US STAR 6,50 18-011026 | 500.000 | EUR | 431.750,00 | 530.235,00 | 0,26% |
| SYNLAB BONDCO FRN 20-010725 | 4.500.000 | EUR | 4.485.000,00 | 4.598.235,00 | 2,26% |
| TELECOM ITALIA SpA 3,625 16-250526 | 2.100.000 | EUR | 2.105.930,00 | 2.318.316,00 | 1,14% |
| TELECOM ITALIA SpA 5,25 05-170355 | 3.000.000 | EUR | 3.510.827,00 | 3.827.520,00 | 1,88% |
| TELECOM ITALIA SpA 7,75 03-240133 | 2.000.000 | EUR | 3.008.960,00 | 2.960.620,00 | 1,46% |
| TELEFONICA EUROPE FRN 18-PERPETUAL | 1.500.000 | EUR | 1.444.940,00 | 1.542.517,50 | 0,76% |
| TELEFONICA EUROPE FRN 19-PERPETUAL | 3.000.000 | EUR | 3.000.000,00 | 3.262.800,00 | 1,60% |
| TELENET FINANCE LUX NOTE 3,50 17-010328 | 3.900.000 | EUR | 3.887.413,50 | 4.056.117,00 | 1,99% |
| TEREOS FINANCE 7,50 20-301025 | 100.000 | EUR | 97.962,00 | 106.204,00 | 0,05% |
| THREEAB OPTIQUE DEVELOPMENT 4,00 17-011023 | 500.000 | EUR | 480.870,00 | 508.205,00 | 0,25% |
| TITAN GLOBAL FINANCE 2,75 20-090727 | 2.500.000 | EUR | 2.500.000,00 | 2.596.437,50 | 1,28% |
| UNICREDIT SpA FRN 19-311249 | 1.000.000 | EUR | 1.115.871,66 | 1.161.405,00 | 0,57% |
| UNILABS SUBHOLDING 5,75 17-150525 | 2.700.000 | EUR | 2.701.110,37 | 2.773.359,00 | 1,36% |
| UNIPOL GRUPPO FINANZIARO SpA 3,25 20-230930 | 2.000.000 | EUR | 1.995.120,00 | 2.114.740,00 | 1,04% |
| UNITED GROUP B.V. 4,875 17-010724 | 1.000.000 | EUR | 1.000.000,00 | 1.024.730,00 | 0,50% |
| UPC HLDG B.V. 3,875 17-150629 | 1.000.000 | EUR | 1.037.000,00 | 1.030.075,00 | 0,51% |
| VERISURE MIDHLDG AB 5,75 17-011223 | 2.000.000 | EUR | 2.004.200,00 | 2.028.440,00 | 1,00% |
| VIRGIN MEDIA 3,75 20-150730 | 500.000 | EUR | 500.000,00 | 510.705,00 | 0,25% |
| VMED O2 UK FINANCING 3,25 20-310131 | 2.000.000 | EUR | 2.000.000,00 | 2.058.050,00 | 1,01% |
| VZ VENDOR FINANCE 2,875 20-150129 | 1.500.000 | EUR | 1.500.000,00 | 1.499.497,50 | 0,74% |

DPAM L BONDS HIGHER YIELD
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| WIENERBERGER A.G. 2,75 20-040625 | 500.000 | EUR | 497.125,00 | 534.485,00 | 0,26% |
| --- | --- | --- | --- | --- | --- |
| ZF FINANCE GMBH 3,00 20-210925 | 1.000.000 | EUR | 994.300,00 | 1.036.510,00 | 0,51% |
| Total EURO |  |  | 141.780.041,75 | 147.497.367,10 | 72,54% |
| INDONESIA 8,25 15-150536 | 98.000.000.000 | IDR | 6.389.875,25 | 6.659.212,71 | 3,27% |
| Total ROUPIE INDOÉSIENNE |  |  | 6.389.875,25 | 6.659.212,71 | 3,27% |
| MEXICAN BONOS 7,75 11-290531 | 1.200.000 | MXN | 5.645.146,37 | 5.786.270,22 | 2,85% |
| MEXICO BONOS 8,00 17-071147 | 400.000 | MXN | 1.787.662,90 | 1.936.591,07 | 0,95% |
| Total NOUVEAU PESO MEXICAIN |  |  | 7.432.809,27 | 7.722.861,29 | 3,80% |
| ALTICE FRANCE HLDG 6,00 20-150228 | 1.000.000 | USD | 922.876,23 | 832.757,14 | 0,41% |
| ALTICE FRANCE S.A. 7,375 16-010526 | 2.000.000 | USD | 1.931.896,79 | 1.714.658,17 | 0,84% |
| ARAMARK SERVICES 5,00 18-010228 | 1.000.000 | USD | 818.703,01 | 862.179,72 | 0,42% |
| ARCELORMITTAL FRN 11-010341 | 1.500.000 | USD | 1.586.955,52 | 1.709.022,92 | 0,84% |
| ARMENIA 3,95 19-260929 | 1.000.000 | USD | 886.139,37 | 824.731,31 | 0,41% |
| AT SECURITIES B.V. FRN 17-PERPETUAL | 1.500.000 | USD | 1.278.799,78 | 1.287.237,96 | 0,63% |
| AUTOPISTAS DEL ND 9,39 06-150424 | 2.000.000 | USD | 865.928,53 | 939.202,26 | 0,46% |
| COSAN OVERSEAS 8,25 10-PERPETUAL | 2.000.000 | USD | 1.443.943,17 | 1.682.530,34 | 0,83% |
| CREDIT AGRICOLE FRN 14-PERPETUAL | 1.000.000 | USD | 1.055.016,47 | 931.257,41 | 0,46% |
| CREDIT SUISSE FRN 17-PERPETUAL | 1.000.000 | USD | 896.251,21 | 864.447,72 | 0,43% |
| CSC HLDG LLC 6,50 19-010229 | 2.000.000 | USD | 1.969.611,54 | 1.845.972,78 | 0,91% |
| DARLING INGREDIENTS 5,25 19-150427 | 1.000.000 | USD | 902.958,54 | 869.367,83 | 0,43% |
| IHO VERWALTUNGS 4,75 16-150926 | 1.000.000 | USD | 827.040,25 | 849.086,68 | 0,42% |
| IRON MOUNTAIN 5,25 17-150328 | 1.000.000 | USD | 952.229,45 | 862.486,21 | 0,42% |
| MILLICOM INTERNATIONAL CELL 5,125 17-150128 | 750.000 | USD | 627.431,30 | 652.317,03 | 0,32% |
| MILLICOM INTERNATIONAL CELL 6,25 19-250329 | 1.000.000 | USD | 884.212,38 | 923.660,66 | 0,45% |
| SOFTBK GROUP CORP. FRN 17-PERPETUA | 1.000.000 | USD | 822.444,43 | 802.460,05 | 0,39% |
| SPCM S.A. 4,875 17-150925 | 1.500.000 | USD | 1.392.130,72 | 1.269.020,47 | 0,62% |
| TESLA INC. 5,30 17-150825 | 1.000.000 | USD | 925.053,42 | 851.244,33 | 0,42% |
| TRIVIUM PACKAGING 8,50 19-150827 | 1.500.000 | USD | 1.390.540,91 | 1.353.647,17 | 0,67% |
| UBS GROUP FRN 20-PERPETUAL | 1.000.000 | USD | 862.589,49 | 875.542,48 | 0,43% |
| UBS GROUP FUNDING FRN 19-PERPETUAL | 500.000 | USD | 437.234,92 | 448.371,54 | 0,22% |
| VM HLDG S.A. 5,375 17-030527 | 2.000.000 | USD | 1.822.997,29 | 1.825.646,68 | 0,90% |
| VODAFONE GROUP FRN 19-040479 | 1.500.000 | USD | 1.495.907,33 | 1.530.323,65 | 0,75% |
| Total DOLLAR DES ETATS-UNIS |  |  | 26.998.892,05 | 26.607.172,51 | 13,08% |
| SOUTH AFRICA 8,5 13-310137 | 120.000.000 | ZAR | 5.334.780,67 | 5.545.788,14 | 2,73% |
| Total RAND SUD-AFRICAIN |  |  | 5.334.780,67 | 5.545.788,14 | 2,73% |
| Total Obligations |  |  | 189.882.039,35 | 195.935.782,54 | 96,36% |
| Total Valeurs mobilières admises à la cote officielle d'une |  |  |  |  |  |
| bourse de valeurs ou négociées sur un autre marché |  |  | 189.882.039,35 | 195.935.782,54 | 96,36% |
| réglementé |  |  |  |  |  |
| Autres valeurs mobilières |  |  |  |  |  |
| CIE FONCIERE FID 0,10 94-311222 | 492.680 | EUR | 0,01 | 0,00 | 0,00% |

DPAM L BONDS HIGHER YIELD
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| CIE FONCIERE FID STEP UP 93-311222 | 460.508 | EUR | 0,01 | 0,00 | 0,00% |
| --- | --- | --- | --- | --- | --- |
| LYONDELLBASELL INDUSTRIES 8,375 05-150815-DEFAULT- | 9.000.000 | EUR | 7.651.013,53 | 0,00 | 0,00% |
| UNICREDIT-MITSUBISHI FRN 09-151250 | 2.000.000 | EUR | 1.383.000,00 | 1.023.000,00 | 0,50% |
| Total EURO |  |  | 9.034.013,55 | 1.023.000,00 | 0,50% |
| Total Autres valeurs mobilières |  |  | 9.034.013,55 | 1.023.000,00 | 0,50% |
| Total du Portefeuille-Titres |  |  | 198.916.052,90 | 196.958.782,54 | 96,86% |

DPAM L BONDS GOVERNMENT SUSTAINABLE HEDGED
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| Valeurs mobilières admises à la cote officielle d'une bourse de |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- |
| valeurs ou négociées sur un autre marché réglementé |  |  |  |  |  |
| Obligations |  |  |  |  |  |
| AUSTRALIA 1,00 20-211131 | 14.250.000 | AUD | 8.730.525,56 | 8.932.851,91 | 1,13% |
| AUSTRALIA 2,75 15-211127 | 31.000.000 | AUD | 20.844.748,87 | 22.371.379,92 | 2,82% |
| AUSTRALIA 3,00 16-210347 | 13.500.000 | AUD | 10.250.568,15 | 10.463.095,99 | 1,32% |
| AUSTRALIA 3,25 13-210425 | 23.000.000 | AUD | 15.486.071,98 | 16.360.664,74 | 2,07% |
| AUSTRALIA GOVT 2,75 18-210541 | 4.250.000 | AUD | 3.104.827,88 | 3.148.232,53 | 0,40% |
| AUSTRALIA -INFLATION LINKED- 2,50 10-200930 | 12.100.000 | AUD | 11.188.316,17 | 12.405.094,58 | 1,57% |
| Total DOLLAR AUSTRALIEN |  |  | 69.605.058,61 | 73.681.319,67 | 9,30% |
| CANADA 1,00 16-010627 | 57.000.000 | CAD | 37.461.377,31 | 37.819.909,55 | 4,77% |
| CANADA 2,75 11-010622 | 16.000.000 | CAD | 11.060.155,40 | 10.640.338,72 | 1,34% |
| CANADA 3,50 11-011245 | 12.250.000 | CAD | 11.320.825,76 | 11.872.904,64 | 1,50% |
| CANADIAN GOVT 1,25 19-010630 | 27.000.000 | CAD | 18.300.898,99 | 18.227.338,34 | 2,30% |
| Total DOLLAR CANADIEN |  |  | 78.143.257,46 | 78.560.491,25 | 9,92% |
| SWISS CONFEDERATION 0,50 15-270530 | 14.500.000 | CHF | 14.816.557,08 | 14.807.214,18 | 1,87% |
| SWITZERLAND 1,50 13-240725 | 2.500.000 | CHF | 2.640.726,76 | 2.555.360,37 | 0,32% |
| Total FRANC SUISSE |  |  | 17.457.283,84 | 17.362.574,55 | 2,19% |
| DENMARK KINGDOM 0,50 18-151129 | 240.000.000 | DKK | 34.585.509,99 | 35.046.168,11 | 4,42% |
| DENMARK KINGDOM 1,50 11-151123 | 60.000.000 | DKK | 8.759.638,43 | 8.559.740,45 | 1,08% |
| DENMARK KINGDOM -INFLATION LINKED- 0,10 11-151123 | 13.300.000 | DKK | 1.997.275,69 | 2.012.518,44 | 0,25% |
| DENMARK KINGDOM -INFLATION LINKED- 0,10 18-151130 | 13.700.000 | DKK | 1.964.233,97 | 2.180.285,58 | 0,28% |
| Total COURONNE DANOISE |  |  | 47.306.658,08 | 47.798.712,58 | 6,03% |
| AUSTRIA 0,75 18-200228 | 23.000.000 | EUR | 24.515.780,00 | 25.218.810,00 | 3,18% |
| AUSTRIA 0,85 20-30062120 | 500.000 | EUR | 490.050,00 | 661.295,00 | 0,08% |
| AUSTRIA 1,50 16-200247 | 3.125.000 | EUR | 3.895.438,75 | 4.325.500,00 | 0,55% |
| AUSTRIA 2,40 13-230534 | 4.500.000 | EUR | 6.029.841,67 | 6.139.350,00 | 0,78% |
| BELGIUM OLO 88 1,7 19-22062050 | 6.500.000 | EUR | 8.324.108,00 | 9.007.407,50 | 1,14% |
| BELGIUM OLO 0,20 16-221023 | 15.000.000 | EUR | 15.411.600,00 | 15.388.125,00 | 1,94% |
| BELGIUM OLO 87 0,90 19-220629 | 23.000.000 | EUR | 25.385.465,58 | 25.691.690,00 | 3,24% |
| DEUTSCHLAND -INFLATION LINKED- 0,10 15-150426 | 2.700.000 | EUR | 3.122.263,18 | 3.090.283,32 | 0,39% |
| EXPORT DEVELOPMENT 0,00 20-270125 | 4.600.000 | EUR | 4.652.808,00 | 4.684.870,00 | 0,59% |
| FINLAND 1,125 18-150434 | 9.500.000 | EUR | 10.613.241,66 | 11.269.707,50 | 1,42% |
| FINLAND 2,75 12-040728 | 20.500.000 | EUR | 25.122.939,09 | 25.757.430,00 | 3,25% |
| FRANCE OAT 1,25 17-250534 | 19.000.000 | EUR | 22.289.233,12 | 22.636.315,00 | 2,86% |
| FRANCE OAT 1,50 18-250550 | 3.000.000 | EUR | 3.908.710,00 | 3.999.705,00 | 0,50% |
| FRANCE OAT -INFLATION LINKED- 0,10 19-010329 | 27.000.000 | EUR | 30.030.757,87 | 30.697.372,39 | 3,88% |
| IRELAND 1,35 18-180331 | 21.500.000 | EUR | 24.166.647,50 | 25.224.445,00 | 3,18% |
| IRISH TREASURY 1,00 16-150526 | 14.000.000 | EUR | 14.900.200,40 | 15.216.530,00 | 1,92% |
| IRISH TREASURY 1,50 19-150550 | 7.500.000 | EUR | 8.898.750,00 | 10.077.225,00 | 1,27% |
| KFW 0,625 17-220227 | 23.500.000 | EUR | 24.586.305,49 | 25.233.830,00 | 3,19% |
| KFW 1,25 16-040736 | 11.500.000 | EUR | 12.765.725,49 | 13.903.500,00 | 1,76% |

DPAM L BONDS GOVERNMENT SUSTAINABLE HEDGED
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| LUXEMBOURG 0,625 17-010227 | 700.000 | EUR | 697.640,00 | 750.624,00 | 0,09% |
| --- | --- | --- | --- | --- | --- |
| NETHERLANDS GOVT 0,50 19-150140 | 8.000.000 | EUR | 8.952.590,48 | 9.194.440,00 | 1,16% |
| REPUBLIKA SLOVENIJA 1,25 17-220327 | 24.000.000 | EUR | 25.723.654,55 | 26.467.440,00 | 3,34% |
| REPUBLIKA SLOVENIJA 1,50 15-250335 | 16.000.000 | EUR | 17.512.984,50 | 19.368.960,00 | 2,45% |
| SLOVENIA 0,488 20-201050 | 1.500.000 | EUR | 1.497.705,00 | 1.584.285,00 | 0,20% |
| Total EURO |  |  | 323.494.440,33 | 335.589.139,71 | 42,36% |
| UK TREASURY 1,25 17-220727 | 46.000.000 | GBP | 55.370.053,47 | 55.543.805,16 | 7,01% |
| UK TREASURY 3,50 14-220145 | 8.500.000 | GBP | 14.110.165,31 | 15.306.789,75 | 1,93% |
| Total LIVRE STERLING |  |  | 69.480.218,78 | 70.850.594,91 | 8,94% |
| JAPAN 0,10 19-200929 | 300.000.000 | JPY | 2.542.913,83 | 2.401.440,09 | 0,30% |
| JAPAN -INFLATION LINKED- 0,10 19-100329 | 1.721.200.000 | JPY | 14.661.287,61 | 13.685.955,28 | 1,73% |
| JAPAN TREASURY 0,10 17-200927 | 900.000.000 | JPY | 7.585.940,22 | 7.217.001,80 | 0,91% |
| Total YEN JAPONAIS |  |  | 24.790.141,66 | 23.304.397,17 | 2,94% |
| NORWAY 1,75 15-130325 | 40.000.000 | NOK | 4.298.826,49 | 4.006.032,84 | 0,51% |
| NORWAY 2,00 18-260428 | 170.000.000 | NOK | 17.787.784,99 | 17.573.725,66 | 2,22% |
| NORWAY 3,75 10-250521 | 25.000.000 | NOK | 3.068.674,85 | 2.419.363,30 | 0,31% |
| Total COURONNE NORVÉGIENNE |  |  | 25.155.286,33 | 23.999.121,80 | 3,03% |
| NEW ZEALAND 1,50 19-150531 | 18.000.000 | NZD | 10.670.008,51 | 11.125.597,27 | 1,40% |
| NEW ZEALAND 1,75 20-150541 | 8.200.000 | NZD | 4.931.737,85 | 4.762.263,15 | 0,60% |
| NEW ZEALAND 2,75 16-150437 | 8.000.000 | NZD | 5.260.181,00 | 5.545.345,42 | 0,70% |
| NEW ZEALAND 4,50 14-150427 | 35.000.000 | NZD | 24.617.397,74 | 25.585.383,08 | 3,23% |
| NEW ZEALAND 5,50 11-150423 | 19.400.000 | NZD | 13.266.828,57 | 12.770.620,22 | 1,61% |
| NEW ZEALAND -INFLATION LINKED- 2,00 12-200925 | 2.700.000 | NZD | 1.907.696,08 | 1.975.381,91 | 0,25% |
| Total DOLLAR NEO-ZÉLANDAIS |  |  | 60.653.849,75 | 61.764.591,05 | 7,80% |
| SWEDEN 0,125 19-120531 | 50.000.000 | SEK | 4.944.797,52 | 5.028.835,15 | 0,63% |
| SWEDEN 1,00 14-121126 | 100.000.000 | SEK | 10.185.247,42 | 10.670.398,57 | 1,35% |
| SWEDEN 3,50 09-300339 | 61.000.000 | SEK | 8.362.649,23 | 9.480.450,82 | 1,20% |
| SWEDEN -INFLATION LINKED- 0,125 17-011227 | 70.700.000 | SEK | 8.324.245,72 | 8.367.063,71 | 1,06% |
| SWEDEN -INFLATION LINKED- 0,25 11-010622 | 13.700.000 | SEK | 1.645.595,06 | 1.502.248,58 | 0,19% |
| Total COURONNE SUÉDOISE |  |  | 33.462.534,95 | 35.048.996,83 | 4,42% |
| Total Obligations |  |  | 749.548.729,79 | 767.959.939,52 | 96,95% |
| Total Valeurs mobilières admises à la cote officielle d'une bourse de valeurs ou négociées sur un autre marché réglementé |  |  | 749.548.729,79 | 767.959.939,52 | 96,95% |
| Total du Portefeuille-Titres |  |  | 749.548.729,79 | 767.959.939,52 | 96,95% |

DPAM L EQUITIES CONVICTION RESEARCH
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| Valeurs mobilières admises à la cote officielle d'une bourse de |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- |
| valeurs ou négociées sur un autre marché réglementé |  |  |  |  |  |
| Actions Cotées ou Négociées |  |  |  |  |  |
| LONZA GROUP A.G. -REG- | 23.500 | CHF | 7.036.506,49 | 12.358.929,31 | 3,76% |
| NESTLE -REG- | 135.000 | CHF | 11.941.501,99 | 13.013.822,75 | 3,96% |
| NOVARTIS -REG- | 167.000 | CHF | 12.301.139,27 | 12.916.231,33 | 3,93% |
| Total FRANC SUISSE |  |  | 31.279.147,75 | 38.288.983,39 | 11,66% |
| DSV PANALPINA | 65.000 | DKK | 6.016.158,54 | 8.907.159,99 | 2,71% |
| Total COURONNE DANOISE |  |  | 6.016.158,54 | 8.907.159,99 | 2,71% |
| AIR LIQUIDE | 90.000 | EUR | 9.488.724,74 | 12.082.500,00 | 3,68% |
| ALD S.A. | 800.000 | EUR | 9.381.423,58 | 9.200.000,00 | 2,80% |
| AMADEUS IT GROUP S.A. | 160.000 | EUR | 10.431.370,88 | 9.529.600,00 | 2,90% |
| AMUNDI S.A. | 125.000 | EUR | 7.276.797,83 | 8.350.000,00 | 2,54% |
| BEIERSDORF A.G. | 120.000 | EUR | 11.877.096,13 | 11.332.800,00 | 3,45% |
| CELLNEX TELECOM S.A. | 180.000 | EUR | 7.968.584,06 | 8.841.600,00 | 2,69% |
| FERRARI N.V. | 50.000 | EUR | 7.270.860,22 | 9.432.500,00 | 2,87% |
| FERROVIAL S.A. | 353.500 | EUR | 9.868.876,16 | 7.989.100,00 | 2,43% |
| GRIFOLS S.A. | 500.000 | EUR | 13.048.682,11 | 11.940.000,00 | 3,64% |
| IBERDROLA S.A. | 750.000 | EUR | 6.910.885,76 | 8.775.000,00 | 2,67% |
| INTERPUMP GROUP SpA | 270.000 | EUR | 7.434.709,29 | 10.891.800,00 | 3,32% |
| KERRY GROUP PLC | 100.000 | EUR | 10.595.900,28 | 11.850.000,00 | 3,61% |
| KONINKLIJKE KPN | 3.650.000 | EUR | 9.177.485,97 | 9.077.550,00 | 2,76% |
| MEDIOBANCA | 1.100.000 | EUR | 8.545.270,26 | 8.294.000,00 | 2,53% |
| NESTE CORP. | 160.000 | EUR | 4.484.463,18 | 9.465.600,00 | 2,88% |
| SAMPO OYJ | 210.000 | EUR | 7.834.152,05 | 7.259.700,00 | 2,21% |
| SAP A.G. | 85.000 | EUR | 8.541.961,79 | 9.113.700,00 | 2,78% |
| SCHNEIDER ELECTRIC SE | 80.000 | EUR | 6.094.173,90 | 9.464.000,00 | 2,88% |
| SODEXO | 170.000 | EUR | 13.794.097,79 | 11.767.400,00 | 3,58% |
| TELEPERFORMANCE | 33.000 | EUR | 5.653.696,45 | 8.952.900,00 | 2,73% |
| Total EURO |  |  | 175.679.212,43 | 193.609.750,00 | 58,95% |
| ASTRAZENECA PLC | 140.000 | GBP | 10.313.570,98 | 11.455.256,40 | 3,49% |
| BEAZLEY PLC | 1.800.000 | GBP | 10.349.453,80 | 7.331.918,22 | 2,23% |
| BURBERRY GROUP PLC | 601.000 | GBP | 11.710.015,03 | 12.015.299,97 | 3,66% |
| CRODA INTERNATIONAL PLC | 190.000 | GBP | 9.911.697,64 | 14.001.117,19 | 4,26% |
| Total LIVRE STERLING |  |  | 42.284.737,45 | 44.803.591,78 | 13,64% |
| EQUINOR ASA | 600.000 | NOK | 7.874.519,21 | 8.301.832,76 | 2,53% |
| ORKLA ASA | 1.500.000 | NOK | 11.396.351,82 | 12.457.044,67 | 3,79% |
| Total COURONNE NORVÉGIENNE |  |  | 19.270.871,03 | 20.758.877,43 | 6,32% |

DPAM L EQUITIES CONVICTION RESEARCH
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| ATLAS COPCO AB -REG -A- | 220.000 | SEK | 7.251.716,35 | 9.219.485,50 | 2,81% |
| --- | --- | --- | --- | --- | --- |
| INTRUM AB | 370.000 | SEK | 7.755.071,01 | 7.982.883,02 | 2,43% |
| Total COURONNE SUÉDOISE |  |  | 15.006.787,36 | 17.202.368,52 | 5,24% |
| Total Actions Cotées ou Négociées |  |  | 289.536.914,56 | 323.570.731,11 | 98,52% |
| Total Valeurs mobilières admises à la cote officielle d'une bourse de valeurs ou négociées sur un autre marché réglementé |  |  | 289.536.914,56 | 323.570.731,11 | 98,52% |
| Autres valeurs mobilières |  |  |  |  |  |
| CHINA DIAMOND CORP. | 4.500.000 | USD | 214.411,18 | 0,00 | 0,00% |
| Total DOLLAR DES ETATS-UNIS |  |  | 214.411,18 | 0,00 | 0,00% |
| Total Autres valeurs mobilières |  |  | 214.411,18 | 0,00 | 0,00% |
| Total du Portefeuille-Titres |  |  | 289.751.325,74 | 323.570.731,11 | 98,52% |

DPAM L BONDS EUR HIGH YIELD SHORT TERM
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| Valeurs mobilières admises à la cote officielle d'une bourse de |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- |
| valeurs ou négociées sur un autre marché réglementé |  |  |  |  |  |
| Obligations |  |  |  |  |  |
| ADLER REAL ESTATE A.G. 1,50 17-061221 | 4.180.000 | EUR | 4.220.445,42 | 4.187.294,10 | 1,22% |
| ADLER REAL ESTATE A.G. 1,50 19-170422 | 6.500.000 | EUR | 6.508.250,00 | 6.494.962,50 | 1,89% |
| ARCELORMITTAL 2,25 19-170124 | 5.000.000 | EUR | 4.941.355,15 | 5.220.175,00 | 1,52% |
| AREVA S.A. 4,875 09-230924 | 6.000.000 | EUR | 6.846.417,00 | 6.894.120,00 | 2,01% |
| BALL CORP. 4,375 15-151223 | 6.800.000 | EUR | 7.691.190,00 | 7.506.180,00 | 2,19% |
| CASINO GUICHARD-PERRACHON 1,865 17-130622 | 7.000.000 | EUR | 6.773.750,00 | 7.098.385,00 | 2,07% |
| CMA CGM 6,50 17-150722 | 8.350.000 | EUR | 8.443.000,00 | 8.507.564,50 | 2,48% |
| CROWN EUROPEAN HLDG 0,75 19-150223 | 4.500.000 | EUR | 4.502.070,00 | 4.497.682,50 | 1,31% |
| CROWN EUROPEAN HLDG 2,25 18-010223 | 11.500.000 | EUR | 11.986.888,77 | 11.782.095,00 | 3,43% |
| DKT FINANCE APS 7,00 18-170623 | 2.900.000 | EUR | 3.180.091,67 | 3.000.920,00 | 0,87% |
| EIRCOM FINANCE 1,75 19-011124 | 5.000.000 | EUR | 4.933.000,00 | 4.927.825,00 | 1,44% |
| ELIS S.A. 1,875 18-150223 | 16.400.000 | EUR | 16.755.176,96 | 16.742.104,00 | 4,88% |
| FCE BANK PLC 1,615 16-110523 | 1.400.000 | EUR | 1.408.120,00 | 1.406.580,00 | 0,41% |
| FIAT CHRYSLER AUTO 3,375 20-070723 | 2.800.000 | EUR | 2.921.195,00 | 2.989.490,00 | 0,87% |
| FIAT CHRYSLER AUTO 3,75 16-290324 | 12.700.000 | EUR | 13.842.303,50 | 13.967.968,00 | 4,07% |
| FNAC DARTY S.A. 1,875 19-300524 | 7.400.000 | EUR | 7.376.916,00 | 7.516.328,00 | 2,19% |
| FORD MOTOR CREDIT 1,514 19-170223 | 7.500.000 | EUR | 7.306.315,00 | 7.504.237,50 | 2,19% |
| FORD MOTOR CREDIT 3,021 19-060324 | 4.000.000 | EUR | 4.092.500,00 | 4.153.500,00 | 1,21% |
| GESTAMP FUND LUX S.A. 3,50 16-150523 | 700.000 | EUR | 705.915,00 | 706.321,00 | 0,21% |
| GRUPO-ANTOLIN IRAUSA 3,25 17-300424 | 4.000.000 | EUR | 3.736.250,00 | 3.964.380,00 | 1,16% |
| HIPERCOR 3,875 15-190122 | 2.000.000 | EUR | 2.125.000,00 | 2.068.800,00 | 0,60% |
| HJ HEINZ CO 2,00 15-300623 | 1.500.000 | EUR | 1.516.585,00 | 1.553.910,00 | 0,45% |
| IMMOFINANZ A.G. 2,625 19-270123 | 1.000.000 | EUR | 1.060.645,00 | 1.033.075,00 | 0,30% |
| INEOS GROUP HLDG 5,375 16-010824 | 1.750.000 | EUR | 1.769.682,50 | 1.775.751,25 | 0,52% |
| INTERNATIONAL GAME TECHNOLOGY 3,50 18-150724 | 2.000.000 | EUR | 2.075.866,00 | 2.091.300,00 | 0,61% |
| INTERNATIONAL GAME TECHNOLOGY 4,75 15-150223 | 11.000.000 | EUR | 12.127.132,69 | 11.547.085,00 | 3,37% |
| LIMACORPORATE SpA FRN 17-150823 | 970.000 | EUR | 944.601,00 | 964.912,35 | 0,28% |
| LKQ ITALIA BONDCO 3,875 16-010424 | 5.000.000 | EUR | 5.403.750,00 | 5.416.975,00 | 1,58% |
| LOXAM SAS 3,50 16-030523 | 8.550.000 | EUR | 8.736.960,01 | 8.639.091,00 | 2,52% |
| LOXAM SAS 3,50 17-150422 | 2.000.000 | EUR | 2.042.940,00 | 2.028.500,00 | 0,59% |
| MATTERHORN TELECOM 2,625 19-150924 | 4.000.000 | EUR | 4.056.800,00 | 4.051.600,00 | 1,18% |
| NEXANS 2,75 17-050424 | 3.500.000 | EUR | 3.689.500,00 | 3.703.822,50 | 1,08% |
| NEXANS 3,25 16-260521 | 100.000 | EUR | 108.884,48 | 100.557,50 | 0,03% |
| NEXANS 3,75 18-080823 | 4.200.000 | EUR | 4.609.460,54 | 4.518.906,00 | 1,32% |
| NOKIA OYJ 2,00 17-150324 | 5.000.000 | EUR | 5.163.800,00 | 5.192.575,00 | 1,51% |
| NOMAD FOODS 3,25 17-150524 | 4.235.000 | EUR | 4.300.219,00 | 4.296.640,42 | 1,25% |
| OCI N.V. 3,125 19-011124 | 4.000.000 | EUR | 4.129.160,00 | 4.126.780,00 | 1,20% |
| OI EUROPEAN GROUP 3,125 16-151124 | 4.000.000 | EUR | 4.147.000,00 | 4.151.340,00 | 1,21% |
| PEACH PROPERTY FINANCE 3,50 19-150223 | 4.500.000 | EUR | 4.455.330,00 | 4.613.062,50 | 1,34% |
| PICARD BONDCO 5,50 17-301124 | 2.000.000 | EUR | 2.058.100,00 | 2.054.770,00 | 0,60% |
| PICARD GROUPE SAS FRN 17-301123 | 11.000.000 | EUR | 10.686.340,00 | 11.009.570,00 | 3,21% |
| PPF TELECOM 3,50 20-200524 | 5.000.000 | EUR | 5.269.250,00 | 5.310.025,00 | 1,55% |
| RENAULT S.A. S.A. 1,00 17-080323 | 8.000.000 | EUR | 7.798.360,00 | 8.018.400,00 | 2,34% |
| SAGAX AB 2,00 18-170124 | 1.000.000 | EUR | 988.565,00 | 1.045.530,00 | 0,30% |
| SCHAEFFLER FINANCE B.V. 1,875 19-260324 | 7.000.000 | EUR | 7.222.925,00 | 7.238.840,00 | 2,11% |
| SIG COMBIBLOC 1,875 20-180623 | 5.000.000 | EUR | 5.000.000,00 | 5.173.750,00 | 1,51% |

DPAM L BONDS EUR HIGH YIELD SHORT TERM
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| SOFTBK GROUP CORP. 4,00 15-300722 | 2.450.000 | EUR | 2.629.592,35 | 2.548.318,50 | 0,74% |
| --- | --- | --- | --- | --- | --- |
| SOFTBK GROUP CORP.4,00 18-200423 | 13.550.000 | EUR | 14.572.841,65 | 14.157.920,75 | 4,13% |
| SPIE S.A. 3,125 17-220324 | 8.000.000 | EUR | 8.296.684,00 | 8.475.960,00 | 2,47% |
| TDC A/S FRN 12-020322 | 12.400.000 | EUR | 13.592.896,83 | 13.081.194,00 | 3,81% |
| TELECOM ITALIA SpA 1,125 15-260322 | 8.100.000 | EUR | 7.838.748,05 | 8.080.276,50 | 2,35% |
| TELECOM ITALIA SpA 3,625 16-190124 | 8.100.000 | EUR | 8.789.228,80 | 8.694.540,00 | 2,53% |
| TESSENDERLO CHEMIE 2,875 15-150722 | 1.000.000 | EUR | 1.042.500,00 | 1.029.415,00 | 0,30% |
| UNITED GROUP B.V. 4,875 17-010724 | 1.500.000 | EUR | 1.537.500,00 | 1.537.095,00 | 0,45% |
| VERISURE HLDG AB 3,50 18-150523 | 3.000.000 | EUR | 2.932.200,00 | 3.048.240,00 | 0,89% |
| VERISURE MIDHLDG AB 5,75 17-011223 | 10.000.000 | EUR | 10.163.140,00 | 10.142.200,00 | 2,96% |
| VILMORIN ET CIE 2,375 14-260521 | 3.000.000 | EUR | 3.144.521,25 | 3.017.685,00 | 0,88% |
| WIENERBERGER A.G. 2,00 18-020524 | 4.000.000 | EUR | 4.061.250,00 | 4.186.840,00 | 1,22% |
| ZF EUROPE FINANCE 1,25 19-231023 | 2.000.000 | EUR | 1.986.100,00 | 1.987.170,00 | 0,58% |
| ZF NORTH AMERICA CAP 2,75 15-270423 | 5.500.000 | EUR | 5.554.400,00 | 5.645.117,50 | 1,65% |
| Total EURO |  |  | 325.799.608,62 | 326.425.652,87 | 95,13% |
| Total Obligations |  |  | 325.799.608,62 | 326.425.652,87 | 95,13% |
| Total Valeurs mobilières admises à la cote officielle d'une bourse de valeurs ou négociées sur un autre marché réglementé |  |  | 325.799.608,62 | 326.425.652,87 | 95,13% |
| Autres valeurs mobilières |  |  |  |  |  |
| ARGAN 3,25 17-040723 | 700.000 | EUR | 722.050,00 | 738.458,00 | 0,22% |
| Total EURO |  |  | 722.050,00 | 738.458,00 | 0,22% |
| Total Autres valeurs mobilières |  |  | 722.050,00 | 738.458,00 | 0,22% |
| Total du Portefeuille-Titres |  |  | 326.521.658,62 | 327.164.110,87 | 95,35% |

DPAM L PATRIMONIAL FUND
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| Valeurs mobilières admises à la cote officielle d'une bourse de |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- |
| valeurs ou négociées sur un autre marché réglementé |  |  |  |  |  |
| Actions Cotées ou Négociées |  |  |  |  |  |
| LONZA GROUP A.G. -REG- | 1.750 | CHF | 764.929,07 | 920.345,80 | 0,47% |
| SIG COMBIBLOC A.G. | 33.000 | CHF | 628.791,26 | 626.711,66 | 0,32% |
| Total FRANC SUISSE |  |  | 1.393.720,33 | 1.547.057,46 | 0,79% |
| AMADEUS IT GROUP S.A. | 19.000 | EUR | 1.059.011,65 | 1.131.640,00 | 0,58% |
| ASML HOLDING NV | 2.200 | EUR | 659.480,75 | 874.610,00 | 0,45% |
| CELLNEX TELECOM S.A. | 17.400 | EUR | 849.075,26 | 854.688,00 | 0,44% |
| CONTINENTAL A.G. | 8.400 | EUR | 1.001.574,54 | 1.018.500,00 | 0,52% |
| CORBION | 6.800 | EUR | 302.992,60 | 313.820,00 | 0,16% |
| DANONE | 19.000 | EUR | 1.031.082,74 | 1.021.440,00 | 0,52% |
| EDP ENERGIAS -REG- | 150.000 | EUR | 708.560,74 | 773.400,00 | 0,39% |
| HELLOFRESH | 15.000 | EUR | 649.067,01 | 948.000,00 | 0,48% |
| INFINEON TECHNOLOGIES | 40.843 | EUR | 1.015.689,85 | 1.282.061,77 | 0,65% |
| MEDIOBANCA | 124.433 | EUR | 963.085,54 | 938.224,82 | 0,48% |
| MERCK KGAA | 8.900 | EUR | 1.102.319,94 | 1.249.115,00 | 0,64% |
| SAP A.G. | 8.700 | EUR | 806.036,03 | 932.814,00 | 0,48% |
| UCB | 12.000 | EUR | 976.228,95 | 1.013.760,00 | 0,52% |
| UMICORE S.A. | 24.750 | EUR | 910.315,62 | 972.427,50 | 0,50% |
| Total EURO |  |  | 12.034.521,22 | 13.324.501,09 | 6,79% |
| ALIBABA GROUP HLDG LTD | 30.000 | HKD | 839.939,45 | 714.010,91 | 0,36% |
| HONG KONG EXCHANGES & CLEARING | 22.000 | HKD | 780.123,16 | 1.008.258,45 | 0,51% |
| Total DOLLAR DE HONG-KONG |  |  | 1.620.062,61 | 1.722.269,36 | 0,88% |
| EAST JAPAN RAILWAY COMPANY | 8.100 | JPY | 488.263,91 | 425.629,20 | 0,22% |
| KEYENCE CORP. | 2.200 | JPY | 718.885,67 | 999.466,06 | 0,51% |
| NIDEC CORP. | 9.400 | JPY | 583.579,63 | 974.039,67 | 0,50% |
| SONY CORP. | 14.500 | JPY | 929.758,75 | 1.194.889,87 | 0,61% |
| SYSMEX CORP. | 9.700 | JPY | 727.186,53 | 964.813,50 | 0,49% |
| Total YEN JAPONAIS |  |  | 3.447.674,49 | 4.558.838,30 | 2,32% |
| DNB NOR ASA -A- | 60.000 | NOK | 941.154,49 | 962.199,31 | 0,49% |
| LEROY SEAFOOD GROUP ASA | 137.000 | NOK | 770.353,95 | 791.974,04 | 0,40% |
| Total COURONNE NORVÉGIENNE |  |  | 1.711.508,44 | 1.754.173,35 | 0,89% |
| ASSA ABLOY AB -B- | 35.000 | SEK | 665.466,88 | 705.329,15 | 0,36% |
| BOLIDEN AB | 33.000 | SEK | 891.663,85 | 956.978,65 | 0,49% |
| Total COURONNE SUÉDOISE |  |  | 1.557.130,73 | 1.662.307,80 | 0,85% |
| SATS LTD | 280.021 | SGD | 675.100,50 | 683.991,68 | 0,35% |
| Total DOLLAR DE SINGAPOUR |  |  | 675.100,50 | 683.991,68 | 0,35% |

DPAM L PATRIMONIAL FUND
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| A.O.SMITH CORP. | 16.000 | USD | 772.233,06 | 716.864,86 | 0,37% |
| --- | --- | --- | --- | --- | --- |
| ACCENTURE PLC -A- | 4.000 | USD | 675.009,66 | 853.941,40 | 0,44% |
| ACTIVISION BLIZZARD INC. | 12.000 | USD | 718.281,92 | 910.628,91 | 0,46% |
| AGILENT TECHNOLOGIES INC. | 10.000 | USD | 818.704,80 | 968.411,59 | 0,49% |
| ALPHABET INC. -C- | 690 | USD | 824.842,83 | 987.942,63 | 0,50% |
| AUTOMATIC DATA PROCESSING INC. | 5.000 | USD | 686.879,65 | 720.035,96 | 0,37% |
| BOOKING HLDG INC. | 590 | USD | 970.483,30 | 1.073.997,22 | 0,55% |
| COMCAST CORP. -A- | 17.500 | USD | 674.072,03 | 749.458,54 | 0,38% |
| DANAHER CORP. | 4.800 | USD | 794.668,54 | 871.457,64 | 0,44% |
| INTUITIVE SURGICAL INC | 1.300 | USD | 815.470,00 | 869.216,62 | 0,44% |
| MARSH & MC LENNAN | 7.062 | USD | 603.862,26 | 675.292,39 | 0,34% |
| MASTERCARD INC. -A- | 2.750 | USD | 668.474,26 | 802.243,47 | 0,41% |
| MERCK & CO INC.-NEW- | 9.000 | USD | 541.752,97 | 601.691,80 | 0,31% |
| NORFOLK SOUTHERN CORP. | 4.800 | USD | 749.697,59 | 932.146,62 | 0,48% |
| PARKER-HANNIFINANCE CORP. | 4.500 | USD | 869.470,66 | 1.001.875,69 | 0,51% |
| PNC FINANCIAL SERVICES GROUP | 9.000 | USD | 1.022.288,41 | 1.095.991,17 | 0,56% |
| PROGRESSIVE CORP.-OHIO | 11.000 | USD | 845.404,12 | 888.954,27 | 0,45% |
| ROSS STORES INC. | 8.800 | USD | 761.098,75 | 883.272,44 | 0,45% |
| SYSCO CORP. | 15.000 | USD | 904.923,81 | 910.383,72 | 0,46% |
| Total DOLLAR DES ETATS-UNIS |  |  | 14.717.618,62 | 16.513.806,94 | 8,42% |
| Total Actions Cotées ou Négociées |  |  | 37.157.336,94 | 41.766.945,98 | 21,29% |
| Obligations |  |  |  |  |  |
| AUSTRALIA 4,25 13-210426 | 2.700.000 | AUD | 2.108.443,02 | 2.047.528,38 | 1,04% |
| AUSTRALIA -INFLATION LINKED- 2,00 13-210835 | 1.500.000 | AUD | 1.394.753,18 | 1.478.951,19 | 0,75% |
| Total DOLLAR AUSTRALIEN |  |  | 3.503.196,20 | 3.526.479,57 | 1,80% |
| CANADA 2,25 18-010629 | 3.700.000 | CAD | 2.717.148,12 | 2.697.441,94 | 1,38% |
| CANADIAN GOVT 1,25 19-010630 | 1.800.000 | CAD | 1.226.891,18 | 1.215.155,89 | 0,62% |
| Total DOLLAR CANADIEN |  |  | 3.944.039,30 | 3.912.597,83 | 1,99% |
| ALLIANZ SE FRN 13-PERPETUAL | 1.700.000 | EUR | 1.848.651,00 | 1.904.841,50 | 0,97% |
| APPLE INC. 1,00 14-101122 | 3.500.000 | EUR | 3.582.278,00 | 3.588.077,50 | 1,83% |
| AT&T INC. 0,25 19-040326 | 1.700.000 | EUR | 1.709.219,50 | 1.715.334,00 | 0,87% |
| BANCO SANTANDER S.A. 1,375 17-090222 | 2.100.000 | EUR | 2.145.633,30 | 2.138.976,00 | 1,09% |
| BANK OF AMERICA 0,75 16-260723 | 1.737.000 | EUR | 1.763.761,86 | 1.778.349,29 | 0,91% |
| BTPS 3,45 17-010348 | 600.000 | EUR | 861.750,00 | 884.745,00 | 0,45% |
| CASINO GUICHARD-PERRACHON 5,976 11-260521 | 1.000.000 | EUR | 1.069.242,50 | 1.024.685,00 | 0,52% |
| CORP ANDINA FOMENTO 0,75 18-130623 | 2.700.000 | EUR | 2.745.743,00 | 2.749.464,00 | 1,40% |
| DEUTSCHLAND -INFLATION LINKED- 0,10 15-150426 | 4.610.000 | EUR | 5.254.152,60 | 5.276.372,62 | 2,69% |
| EDF FRN 13-PERPETUAL | 1.400.000 | EUR | 1.551.606,50 | 1.609.979,00 | 0,82% |
| ENGIE S.A. 6,375 09-180121 | 1.900.000 | EUR | 1.911.457,00 | 1.904.674,00 | 0,97% |
| FRANCE OAT 2,25 13-250524 | 3.540.000 | EUR | 3.934.999,94 | 3.901.876,50 | 1,99% |
| FRANCE OAT -INFLATION LINKED- 0,70 13-250730 | 1.100.000 | EUR | 1.400.524,54 | 1.400.721,98 | 0,71% |
| GERMANY -INFLATION LINKED- 0,10 12-150423 | 3.773.000 | EUR | 4.179.627,36 | 4.201.743,79 | 2,14% |
| GLENCORE FINANCE 1,875 16-130923 | 1.000.000 | EUR | 1.036.251,50 | 1.045.385,00 | 0,53% |
| GOLDMAN SACHS GROUP 4,75 06-121021 | 2.000.000 | EUR | 2.097.745,00 | 2.071.860,00 | 1,06% |
| GRAND CITY PROPERTIES S.A. 1,50 18-220227 | 1.100.000 | EUR | 1.134.953,50 | 1.177.555,50 | 0,60% |

DPAM L PATRIMONIAL FUND
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| ING BANK FRN 14-250226 | 1.249.000 | EUR | 1.291.145,25 | 1.255.625,94 | 0,64% |
| --- | --- | --- | --- | --- | --- |
| ITALY BTP 1,65 20-011230 | 1.400.000 | EUR | 1.550.396,50 | 1.554.231,00 | 0,79% |
| ITALY BTP 2,15 14-151221 | 4.000.000 | EUR | 4.107.600,00 | 4.102.360,00 | 2,09% |
| ITALY BTP 3,75 10-010321 | 2.000.000 | EUR | 2.053.500,00 | 2.013.510,00 | 1,03% |
| ITALY BTP -INFLATION LINKED- 3,10 11-150926 | 1.100.000 | EUR | 1.451.098,84 | 1.485.639,01 | 0,76% |
| KBC GROUP 0,75 17-010322 | 2.000.000 | EUR | 2.026.110,00 | 2.025.010,00 | 1,03% |
| KBC GROUP S.A. FRN 19-PERPETUAL | 1.200.000 | EUR | 1.293.220,00 | 1.279.746,00 | 0,65% |
| KFW 0,00 18-250521 | 5.000.000 | EUR | 5.013.900,00 | 5.011.925,00 | 2,55% |
| KFW 1,625 14-150121 | 4.700.000 | EUR | 4.708.765,50 | 4.702.420,50 | 2,40% |
| LOGICOR FINANCING 1,625 19-150727 | 1.150.000 | EUR | 1.216.666,25 | 1.223.847,25 | 0,62% |
| MERLIN PROPERTIES SOCIMI 2,225 16-250423 | 1.000.000 | EUR | 1.032.217,50 | 1.044.450,00 | 0,53% |
| MEXICO BONOS 4,00 15-150315 | 1.100.000 | EUR | 1.138.220,68 | 1.269.977,50 | 0,65% |
| MORGAN STANLEY 1,75 15-300125 | 800.000 | EUR | 858.681,50 | 856.444,00 | 0,44% |
| NESTLE FINANCE INTERNATIONAL 0,125 20-121127 | 1.400.000 | EUR | 1.414.923,50 | 1.423.219,00 | 0,73% |
| NETHERLANDS GOVT 3,25 11-150721 | 2.000.000 | EUR | 2.051.234,55 | 2.041.580,00 | 1,04% |
| NOVARTIS FINANCE S.A. 0,75 14-091121 | 2.000.000 | EUR | 2.021.020,00 | 2.019.870,00 | 1,03% |
| OMV A.G. FRN 15-PERPETUAL | 2.000.000 | EUR | 2.139.463,00 | 2.093.420,00 | 1,07% |
| ORANGE 2,50 12-010323 | 1.700.000 | EUR | 1.806.394,50 | 1.802.110,50 | 0,92% |
| PERNOD RICARD 1,50 16-180526 | 600.000 | EUR | 612.852,00 | 651.252,00 | 0,33% |
| PORTUGAL 0,475 20-181030 | 1.000.000 | EUR | 1.039.182,50 | 1.043.865,00 | 0,53% |
| PROCTER & GAMBLE 2,00 13-051121 | 1.700.000 | EUR | 1.736.771,00 | 1.734.671,50 | 0,88% |
| RELX FINANCE B.V. 1,375 16-120526 | 480.000 | EUR | 477.966,70 | 515.383,20 | 0,26% |
| RENAULT S.A. S.A. 1,00 17-281125 | 1.550.000 | EUR | 1.516.939,10 | 1.507.847,75 | 0,77% |
| ROMANIA 2,375 17-190427 | 1.000.000 | EUR | 1.091.151,00 | 1.094.170,00 | 0,56% |
| SIEMENS FINANCE 0,90 19-280228 | 1.700.000 | EUR | 1.785.403,00 | 1.828.902,50 | 0,93% |
| SIEMENS FINANCE 2,875 13-100328 | 1.400.000 | EUR | 1.601.052,00 | 1.714.034,00 | 0,87% |
| SPAIN KINGDOM 0,60 19-311029 | 1.400.000 | EUR | 1.483.097,00 | 1.483.237,00 | 0,76% |
| SPAIN KINGDOM 2,35 17-300733 | 800.000 | EUR | 1.008.771,00 | 1.010.516,00 | 0,52% |
| SPAIN KINGDOM -INFLATION LINKED- 1,00 15-301130 | 500.000 | EUR | 628.349,51 | 627.169,29 | 0,32% |
| TOTAL CAPITAL INTERNATIONAL FRN 16-PERPETUAL | 1.100.000 | EUR | 1.166.570,00 | 1.154.752,50 | 0,59% |
| UBS GROUP FUNDING 1,75 15-161122 | 1.300.000 | EUR | 1.353.209,00 | 1.349.491,00 | 0,69% |
| UNICREDIT SpA 2,731 20-150132 | 800.000 | EUR | 812.584,00 | 810.892,00 | 0,41% |
| UNILEVER N.V. 0,00 17-310721 | 5.500.000 | EUR | 5.507.673,98 | 5.511.027,50 | 2,81% |
| Total EURO |  |  | 97.223.726,46 | 97.617.237,62 | 49,76% |
| UK TREASURY -INFLATION LINKED- GILT 0,125 12-220324 | 2.000.000 | GBP | 2.979.076,63 | 2.984.611,92 | 1,52% |
| Total LIVRE STERLING |  |  | 2.979.076,63 | 2.984.611,92 | 1,52% |
| INDONESIA 6,125 12-150528 | 12.000.000.000 | IDR | 746.110,63 | 706.260,57 | 0,36% |
| INDONESIA 8,25 11-150632 | 5.000.000.000 | IDR | 361.450,84 | 335.868,51 | 0,17% |
| Total ROUPIE INDOÉSIENNE |  |  | 1.107.561,47 | 1.042.129,08 | 0,53% |
| JAPAN -INFLATION LINKED- 0,20 20-100330 | 150.000.000 | JPY | 1.207.756,45 | 1.202.287,81 | 0,61% |
| Total YEN JAPONAIS |  |  | 1.207.756,45 | 1.202.287,81 | 0,61% |
| MEXICO BONOS 8,50 08-310529 | 230.000 | MXN | 1.221.867,84 | 1.149.662,74 | 0,59% |
| Total NOUVEAU PESO MEXICAIN |  |  | 1.221.867,84 | 1.149.662,74 | 0,59% |

DPAM L PATRIMONIAL FUND
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| NEW ZEALAND 2,75 16-150437 | 1.000.000 | NZD | 711.915,53 | 693.168,17 | 0,35% |
| --- | --- | --- | --- | --- | --- |
| Total DOLLAR NEO-ZÉLANDAIS |  |  | 711.915,53 | 693.168,17 | 0,35% |
| PERU 6,35 16-120828 | 2.100 | PEN | 591.662,33 | 603.137,64 | 0,31% |
| Total NOUVEAU SOL PÉRUVIEN |  |  | 591.662,33 | 603.137,64 | 0,31% |
| SWEDEN 1,50 11-131123 | 11.000.000 | SEK | 1.231.773,84 | 1.154.203,61 | 0,59% |
| SWEDEN -INFLATION LINKED- 0,125 17-011227 | 10.000.000 | SEK | 1.185.538,44 | 1.183.460,21 | 0,60% |
| SWEDISH TREASURY 0,75 16-120528 | 13.220.000 | SEK | 1.379.049,06 | 1.402.634,31 | 0,72% |
| Total COURONNE SUÉDOISE |  |  | 3.796.361,34 | 3.740.298,13 | 1,91% |
| APPLE INC. 3,85 13-040543 | 990.000 | USD | 942.052,10 | 1.030.201,17 | 0,53% |
| COMCAST 3,375 15-150825 | 1.300.000 | USD | 1.192.384,15 | 1.185.597,24 | 0,60% |
| EMD FINANCIAL LLC 2,95 15-190322 | 1.400.000 | USD | 1.183.764,66 | 1.175.036,57 | 0,60% |
| GOLDMAN SACHS 3,85 17-260127 | 1.100.000 | USD | 1.053.195,93 | 1.027.228,55 | 0,52% |
| JP MORGAN CHASE & CO 5,60 11-150741 | 800.000 | USD | 944.017,57 | 988.307,79 | 0,50% |
| PFIZER INC. 2,75 16-030626 | 1.200.000 | USD | 1.087.378,21 | 1.084.746,85 | 0,55% |
| TOTAL CAPITAL INTERNATIONAL 2,875 12-170222 | 900.000 | USD | 762.928,20 | 756.984,19 | 0,39% |
| US TREASURY 2,25 17-1502827 | 2.000.000 | USD | 1.965.906,75 | 1.813.166,60 | 0,92% |
| US TREASURY -INFLATION LINKED- 0,125 20-150130 | 2.500.000 | USD | 2.328.035,01 | 2.307.032,43 | 1,18% |
| US TREASURY -INFLATION LINKED- 1,375 14-150244 | 1.100.000 | USD | 1.350.046,69 | 1.447.090,95 | 0,74% |
| Total DOLLAR DES ETATS-UNIS |  |  | 12.809.709,27 | 12.815.392,34 | 6,53% |
| Total Obligations |  |  | 129.096.872,82 | 129.287.002,85 | 65,91% |
| Total Valeurs mobilières admises à la cote officielle d'une |  |  |  |  |  |
| bourse de valeurs ou négociées sur un autre marché |  |  | 166.254.209,76 | 171.053.948,83 | 87,20% |
| réglementé |  |  |  |  |  |
| Fonds d'investissements |  |  |  |  |  |
| DPAM INVESTMENT B EQUITIES SUS FOOD TREND -P- | 3.400 | EUR | 507.738,46 | 662.082,00 | 0,34% |
| DPAM INVESTMENT B REAL ESTATE EUR SUSTAINABLE -P- | 1.100 | EUR | 598.752,00 | 616.759,00 | 0,31% |
| DPAM L BONDS EMERGING MARKETS SUSTAINABLE -P- | 11.000 | EUR | 1.558.920,00 | 1.557.600,00 | 0,79% |
| DPAM L BONDS EUR CORPORATE HIGH YIELD -P- | 50.000 | EUR | 7.825.857,14 | 7.985.000,00 | 4,07% |
| Total EURO |  |  | 10.491.267,60 | 10.821.441,00 | 5,52% |
| Total Fonds d'investissements |  |  | 10.491.267,60 | 10.821.441,00 | 5,52% |
| Autres valeurs mobilières |  |  |  |  |  |
| WISDOMTREE PHYSICAL GOLD | 47.000 | USD | 6.735.186,27 | 6.896.444,77 | 3,52% |
| Total DOLLAR DES ETATS-UNIS |  |  | 6.735.186,27 | 6.896.444,77 | 3,52% |
| Total Autres valeurs mobilières |  |  | 6.735.186,27 | 6.896.444,77 | 3,52% |
| Total du Portefeuille-Titres |  |  | 183.480.663,63 | 188.771.834,60 | 96,23% |

DPAM L BONDS EMERGING MARKETS SUSTAINABLE
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| Valeurs mobilières admises à la cote officielle d'une bourse |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- |
| de valeurs ou négociées sur un autre marché réglementé |  |  |  |  |  |
| Obligations |  |  |  |  |  |
| BRASIL TREASURY BILLS 0,01 19-010723 | 100.000 | BRL | 14.310.982,20 | 13.968.192,15 | 0,52% |
| BRAZIL 10,00 16-010127 | 25.000 | BRL | 4.509.035,87 | 4.643.590,24 | 0,17% |
| BRAZIL 10,00 18-010129 | 200.000 | BRL | 47.065.393,38 | 37.951.623,44 | 1,41% |
| BRAZIL 10,00 20-010131 | 100.000 | BRL | 19.024.035,76 | 19.134.070,51 | 0,71% |
| BRAZIL -INFLATION LINKED- 6,00 11-150822 | 30.000 | BRL | 24.195.070,72 | 18.046.528,80 | 0,67% |
| BRAZIL -INFLATION LINKED- 6,00 16-150826 | 12.650 | BRL | 11.226.853,00 | 8.271.605,27 | 0,31% |
| BRAZIL -INFLATION LINKED- 6,00 20-150525 | 10.000 | BRL | 6.309.075,12 | 6.363.199,31 | 0,24% |
| Total REAL BRÉSILIEN |  |  | 126,640,446.05 | 108,378,809.72 | 4.04% |
| CHILE 2,30 20-011028 | 16.000.000.000 | CLP | 17.758.254,39 | 18.465.664,26 | 0,69% |
| CHILE 4,70 18-010930 | 17.000.000.000 | CLP | 22.262.692,56 | 23.301.823,67 | 0,87% |
| CHILE 5,00 15-010335 | 20.000.000.000 | CLP | 28.624.743,66 | 28.270.659,59 | 1,05% |
| Total PESO CHILIEN |  |  | 68.645.690,61 | 70.038.147,52 | 2,61% |
| COLOMBIA 3,30 -INFLATION LINKED- 16-170327 | 150.000.000 | COP | 11.521.888,59 | 11.032.309,74 | 0,41% |
| COLOMBIA 5,75 20-031127 | 35.000.000.000 | COP | 8.605.730,06 | 8.855.094,77 | 0,33% |
| COLOMBIA 6,00 12-280428 | 150.000.000.000 | COP | 39.900.954,38 | 38.301.468,62 | 1,43% |
| COLOMBIA 6,25 17-261125 | 35.000.000.000 | COP | 9.769.775,86 | 9.164.898,28 | 0,34% |
| COLOMBIA 7,00 16-300632 | 70.000.000.000 | COP | 18.082.460,35 | 18.423.879,13 | 0,69% |
| COLOMBIA 7,25 19-181034 | 25.000.000.000 | COP | 6.753.204,64 | 6.687.987,53 | 0,25% |
| COLOMBIA 7,50 11-260826 | 50.000.000.000 | COP | 15.342.294,65 | 13.788.803,49 | 0,51% |
| COLOMBIA 7,75 14-180930 | 70.000.000.000 | COP | 18.975.031,00 | 19.648.625,33 | 0,73% |
| COLUMBIA -INFLATION LINKED- 4,75 06-230223 | 50.000.000 | COP | 3.301.526,62 | 3.588.574,21 | 0,13% |
| Total PESO COLOMBIEN |  |  | 132.252.866,15 | 129.491.641,10 | 4,82% |
| CZECH 0,25 17-100227 | 900.000.000 | CZK | 32.436.172,03 | 32.875.257,04 | 1,22% |
| CZECH 2,50 13-250828 | 150.000.000 | CZK | 6.146.666,05 | 6.328.164,27 | 0,24% |
| CZECH 2,75 18-230729 | 450.000.000 | CZK | 18.708.729,01 | 19.408.241,95 | 0,72% |
| CZECH 4,85 07-261157 | 625.000.000 | CZK | 38.664.477,15 | 39.846.784,34 | 1,48% |
| Total COURONNE TCHÈQUE |  |  | 95.956.044,24 | 98.458.447,60 | 3,67% |
| BANK CENT OF TUNISIA 6,75 18-311023 | 15.995.000 | EUR | 16.078.637,84 | 15.246.593,95 | 0,57% |
| CENTRAL BANK TUNISIA 6,375 19-150726 | 9.000.000 | EUR | 8.643.855,00 | 8.253.675,00 | 0,31% |
| IVORY COAST 4,875 20-300132 | 2.500.000 | EUR | 2.475.050,00 | 2.572.950,00 | 0,10% |
| IVORY COAST 5,25 18-220330 | 14.000.000 | EUR | 14.122.427,01 | 15.051.330,00 | 0,56% |
| IVORY COAST 5,875 19-171031 | 7.000.000 | EUR | 6.877.160,00 | 7.752.500,00 | 0,29% |
| IVORY COAST 6,625 18-220348 | 7.000.000 | EUR | 7.117.500,00 | 7.773.850,00 | 0,29% |
| IVORY COAST 6,875 19-171040 | 9.000.000 | EUR | 8.665.500,00 | 10.283.040,00 | 0,38% |
| KINGDOM OF MOROCCO 1,375 20-300326 | 3.000.000 | EUR | 3.016.500,00 | 3.029.565,00 | 0,11% |
| MACEDONIA 2,75 18-180125 | 500.000 | EUR | 514.250,00 | 530.445,00 | 0,02% |
| MACEDONIA 5,625 16-260723 | 3.600.000 | EUR | 3.971.750,00 | 4.034.394,00 | 0,15% |
| MEXICO BONOS 4,00 15-150315 | 252.000 | EUR | 285.768,00 | 290.940,30 | 0,01% |
| MOROCCO 1,50 19-271131 | 3.000.000 | EUR | 2.784.000,00 | 2.930.700,00 | 0,11% |

DPAM L BONDS EMERGING MARKETS SUSTAINABLE
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| MOROCCO KINGDOM 2,00 20-300930 | 7.900.000 | EUR | 7.841.054,00 | 8.029.520,50 | 0,30% |
| --- | --- | --- | --- | --- | --- |
| NORTH MACEDONIA 3,675 20-060326 | 5.000.000 | EUR | 5.123.450,00 | 5.614.000,00 | 0,21% |
| ROMANIA 1,375 20-021229 | 2.600.000 | EUR | 2.579.746,00 | 2.652.767,00 | 0,10% |
| ROMANIA 2,50 18-080230 | 3.000.000 | EUR | 2.912.700,00 | 3.288.060,00 | 0,12% |
| ROMANIA 2,625 20-021240 | 2.000.000 | EUR | 1.992.320,00 | 2.137.590,00 | 0,08% |
| ROMANIA 2,875 16-260528 | 5.000.000 | EUR | 4.919.500,00 | 5.620.150,00 | 0,21% |
| ROMANIA 3,375 18-080238 | 3.835.000 | EUR | 4.314.452,50 | 4.419.338,95 | 0,16% |
| ROMANIA 3,624 20-260530 | 15.000.000 | EUR | 15.736.650,00 | 17.941.050,00 | 0,67% |
| ROMANIA 4,625 19-030449 | 2.750.000 | EUR | 2.751.375,00 | 3.713.765,00 | 0,14% |
| SENEGAL 4,75 18-130328 | 7.000.000 | EUR | 6.870.150,00 | 7.493.080,00 | 0,28% |
| UKRAINE 4,375 20-270130 | 5.000.000 | EUR | 4.820.300,00 | 4.798.375,00 | 0,18% |
| UKRAINE 6,75 19-200626 | 7.000.000 | EUR | 7.331.000,00 | 7.732.165,00 | 0,29% |
| Total EURO |  |  | 141.745.095,35 | 151.189.844,70 | 5,63% |
| GHANA 19,00 16-021126 | 25.000.000 | GHS | 3.363.011,98 | 3.384.840,76 | 0,13% |
| GHANA 24,75 16-190721 | 25.000.000 | GHS | 3.817.230,04 | 3.604.265,52 | 0,13% |
| GHANA GOVT 16,50 18-060223 | 47.000.000 | GHS | 6.643.466,70 | 6.283.007,60 | 0,23% |
| GHANA GOVT 19,25 20-181223 | 20.000.000 | GHS | 2.782.425,78 | 2.781.115,22 | 0,10% |
| GHANA GOVT 19,75 19-150424 | 25.000.000 | GHS | 4.063.230,01 | 3.502.365,47 | 0,13% |
| GHANA GOVT 20,75 20-060323 | 15.000.000 | GHS | 2.211.270,79 | 2.151.251,02 | 0,08% |
| GHANA GOVT 20,75 20-200123 | 15.000.000 | GHS | 2.402.827,87 | 2.149.442,95 | 0,08% |
| Total CEDI GHANÉEN |  |  | 25.283.463,17 | 23.856.288,54 | 0,89% |
| HUNGARY 2,00 20-230529 | 2.000.000.000 | HUF | 5.541.603,65 | 5.544.756,47 | 0,21% |
| HUNGARY 3,00 19-210830 | 6.500.000.000 | HUF | 19.173.767,88 | 19.477.239,20 | 0,73% |
| HUNGARY 3,00 20-250441 | 5.000.000.000 | HUF | 14.190.265,15 | 14.899.775,29 | 0,56% |
| HUNGARY 3,25 15-221031 | 5.200.000.000 | HUF | 16.165.982,33 | 15.939.942,37 | 0,59% |
| HUNGARY GOVT 1,50 20-220426 | 3.000.000.000 | HUF | 8.462.030,75 | 8.327.846,48 | 0,31% |
| HUNGARY GOVT 2,25 20-200433 | 8.500.000.000 | HUF | 23.438.464,41 | 23.725.753,75 | 0,88% |
| HUNGARY GOVT 2,75 17-221226 | 2.250.000.000 | HUF | 6.630.232,38 | 6.678.781,17 | 0,25% |
| HUNGARY GOVT 3,00 18-271038 | 1.140.000.000 | HUF | 3.529.315,50 | 3.483.037,35 | 0,13% |
| Total FORINT HONGROIS |  |  | 97.131.662,05 | 98.077.132,08 | 3,65% |
| EUROPEAN BANK FOR RECONSTRUCTION & DEVELOPMENT |  |  |  |  |  |
| 6,45 17-131222 | 250.000.000.000 | IDR | 14.760.619,38 | 15.109.611,32 | 0,56% |
| EUROPEAN INVESTMENT BANK 5,20 12-010322 | 42.500.000.000 | IDR | 2.532.131,64 | 2.504.553,43 | 0,09% |
| IA -DEUTSCHE BANK 7,875 16-140323 | 110.000.000.000 | IDR | 7.476.308,17 | 6.857.787,78 | 0,26% |
| INDONESIA 6,125 12-150528 | 674.000.000.000 | IDR | 38.582.979,03 | 39.668.302,01 | 1,48% |
| INDONESIA 7,00 11-150527 | 200.000.000.000 | IDR | 12.605.818,56 | 12.481.386,20 | 0,46% |
| INDONESIA 7,50 16-150832 | 437.000.000.000 | IDR | 26.247.314,30 | 27.715.161,63 | 1,03% |
| INDONESIA 8,25 11-150632 | 300.000.000.000 | IDR | 19.477.677,08 | 20.152.110,90 | 0,75% |
| INDONESIA 8,25 15-150536 | 300.000.000.000 | IDR | 20.067.815,19 | 20.385.345,04 | 0,76% |
| INDONESIA 8,375 10-150926 | 450.000.000.000 | IDR | 29.304.957,65 | 30.100.816,83 | 1,12% |
| INDONESIA 8,375 13-150334 | 122.000.000.000 | IDR | 8.020.500,00 | 8.314.169,39 | 0,31% |
| INDONESIA 8,375 19-150439 | 100.000.000.000 | IDR | 6.646.311,96 | 6.888.013,11 | 0,26% |
| INDONESIA 8,75 15-150531 | 170.000.000.000 | IDR | 11.885.739,13 | 11.807.226,37 | 0,44% |
| INDONESIA 8,875 16-151131 | 120.000.000.000 | IDR | 7.125.239,59 | 8.324.181,68 | 0,31% |
| INDONESIA 9,00 13-150329 | 690.000.000.000 | IDR | 47.993.955,09 | 47.782.966,77 | 1,78% |
| INDONESIA GOVT 6,50 19-150625 | 50.000.000.000 | IDR | 3.053.854,20 | 3.064.081,25 | 0,11% |

DPAM L BONDS EMERGING MARKETS SUSTAINABLE
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| INDONESIA GOVT 8,25 18-150529 | 75.000.000.000 | IDR | 5.008.427,89 | 5.010.869,42 | 0,19% |
| --- | --- | --- | --- | --- | --- |
| INTERNATIONAL BANK FOR RECONSTRUCTION & |  |  |  |  |  |
| DEVELOPMENT 7,45 18-200821 | 170.000.000.000 | IDR | 10.684.295,33 | 10.114.680,58 | 0,38% |
| REPUBLIC INDONESIA 6,625 12-150533 | 100.000.000.000 | IDR | 5.872.280,36 | 5.921.628,56 | 0,22% |
| Total ROUPIE INDOÉSIENNE |  |  | 277.346.224,55 | 282.202.892,27 | 10,51% |
| ASIAN DEVELOPMENT BANK 6,45 16-080821 | 680.000.000 | INR | 7.682.568,85 | 7.691.303,59 | 0,29% |
| ASIAN DEVELOPMENT BANK 5,90 17-201222 | 150.000.000 | INR | 1.901.692,17 | 1.711.073,89 | 0,06% |
| ASIAN DEVELOPMENT BANK 6,20 16-061026 | 900.000.000 | INR | 12.290.155,13 | 10.493.452,31 | 0,39% |
| INDIA 6,19 20-160934 | 300.000.000 | INR | 3.452.736,72 | 3.346.310,33 | 0,12% |
| INDIA 7,17 18-080128 | 400.000.000 | INR | 4.887.187,25 | 4.851.582,88 | 0,18% |
| INDIA 7,26 19-140129 | 1.200.000.000 | INR | 15.121.002,81 | 14.575.822,07 | 0,54% |
| INDIA 7,59 16-110126 | 700.000.000 | INR | 8.992.436,10 | 8.653.286,99 | 0,32% |
| INDIA 7,72 15-250525 | 700.000.000 | INR | 9.230.422,40 | 8.628.466,45 | 0,32% |
| INTERNATIONAL FINANCE CORP. 6,30 14-251124 | 2.150.000.000 | INR | 28.575.060,03 | 24.906.324,54 | 0,93% |
| INTERNATIONAL FINANCE CORP. 8,25 14-100621 | 350.000.000 | INR | 4.465.612,62 | 3.970.073,29 | 0,15% |
| Total ROUPIE INDIENNE |  |  | 96.598.874,08 | 88.827.696,34 | 3,31% |
| KENYA 10,90 20-110831 | 600.000.000 | KES | 4.662.210,80 | 4.522.824,17 | 0,17% |
| KENYA 11,75 19-081035 | 1.100.000.000 | KES | 9.502.272,06 | 8.577.276,00 | 0,32% |
| KENYA 12,50 18-100133 | 100.000.000 | KES | 996.777,91 | 820.968,83 | 0,03% |
| KENYA TREASURY BOND 11,95 18-251038 | 500.000.000 | KES | 4.141.963,49 | 3.943.930,04 | 0,15% |
| Total SCHILLING KENYAN |  |  | 19.303.224,26 | 17.864.999,04 | 0,67% |
| KOREA 1,00 -INFLATION LINKED- 16-100626 | 5.300.000.000 | KRW | 4.085.294,99 | 4.284.174,40 | 0,16% |
| KOREA 1,25 19-101222 | 6.000.000.000 | KRW | 4.609.443,42 | 4.550.663,65 | 0,17% |
| KOREA 1,375 19-101229 | 30.000.000.000 | KRW | 22.116.309,39 | 21.969.429,31 | 0,82% |
| KOREA 2,375 18-100323 | 6.000.000.000 | KRW | 4.700.133,45 | 4.687.579,00 | 0,17% |
| KOREA 3,75 13-101233 | 3.000.000.000 | KRW | 2.870.660,08 | 2.775.481,39 | 0,10% |
| KOREA TREASURY 3,00 14-100924 | 12.000.000.000 | KRW | 9.730.386,16 | 9.714.941,00 | 0,36% |
| KOREA TREASURY -INFLATION LINKED- 1,125 20-100630 | 5.700.000.000 | KRW | 4.244.108,57 | 4.434.159,20 | 0,17% |
| Total WON SUD CORÉEN |  |  | 52.356.336,06 | 52.416.427,95 | 1,95% |
| MEXICAN BONOS 7,75 11-290531 | 15.000.000 | MXN | 69.243.741,17 | 72.328.377,73 | 2,69% |
| MEXICAN UDIBONOS -INFLATION LINKED- 4,00 16-301128 | 1.400.000 | MXN | 43.799.542,67 | 43.993.133,16 | 1,64% |
| MEXICO 7,75 13-231134 | 10.000.000 | MXN | 45.514.999,42 | 48.341.765,85 | 1,80% |
| MEXICO BONOS 8,00 17-071147 | 4.250.000 | MXN | 18.557.044,48 | 20.576.280,21 | 0,77% |
| MEXICO BONOS 8,50 08-181138 | 6.000.000 | MXN | 29.945.342,59 | 30.536.201,00 | 1,14% |
| MEXICO BONOS 8,50 08-310529 | 10.000.000 | MXN | 49.534.843,87 | 49.985.336,25 | 1,86% |
| Total NOUVEAU PESO MEXICAIN |  |  | 256.595.514,20 | 265.761.094,20 | 9,90% |
| MALAYSIA 3,757 18-200423 | 10.000.000 | MYR | 2.205.017,36 | 2.116.665,82 | 0,08% |
| MALAYSIA 3,757 19-220540 | 30.000.000 | MYR | 6.498.117,16 | 6.439.416,87 | 0,24% |
| MALAYSIA 3,844 13-150433 | 150.000.000 | MYR | 32.735.356,39 | 32.485.091,68 | 1,21% |
| MALAYSIA 4,254 15-310535 | 30.000.000 | MYR | 7.553.680,56 | 6.794.473,51 | 0,25% |
| MALAYSIA 4,498 10-150430 | 43.900.000 | MYR | 10.392.300,05 | 10.262.882,11 | 0,38% |
| MALAYSIA 4,762 17-070437 | 40.000.000 | MYR | 8.408.591,28 | 9.529.049,63 | 0,35% |
| MALAYSIA GOVT 3,828 19-050734 | 50.000.000 | MYR | 10.775.918,86 | 10.887.895,57 | 0,41% |

DPAM L BONDS EMERGING MARKETS SUSTAINABLE
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| MALAYSIA GOVT 3,882 17-100322 | 20.000.000 | MYR | 4.217.137,00 | 4.161.446,64 | 0,16% |
| --- | --- | --- | --- | --- | --- |
| MALAYSIA GOVT 3,899 17-161127 | 210.000.000 | MYR | 46.219.708,49 | 46.695.159,24 | 1,74% |
| MALAYSIA GOVT 3,906 19-150726 | 70.000.000 | MYR | 15.807.563,73 | 15.429.085,18 | 0,57% |
| MALAYSIA GOVT 4,059 17-300924 | 90.000.000 | MYR | 20.075.355,20 | 19.600.406,36 | 0,73% |
| MALAYSIA GOVT 4,127 12-150432 | 34.400.000 | MYR | 7.935.850,94 | 7.715.301,26 | 0,29% |
| MALAYSIA GOVT 4,232 11-300631 | 75.000.000 | MYR | 17.337.360,62 | 17.199.522,53 | 0,64% |
| MALAYSIA GOVT 4,893 18-080638 | 20.000.000 | MYR | 5.404.924,49 | 4.810.158,99 | 0,18% |
| MALAYSIA INVESTMENT 3,948 17-140422 | 35.000.000 | MYR | 7.312.581,68 | 7.300.949,87 | 0,27% |
| Total RINGGIT DE MALAISIE |  |  | 202.879.463,81 | 201.427.505,26 | 7,50% |
| PERU 5,35 19-120840 | 80.000.000 | PEN | 20.471.207,24 | 18.801.929,53 | 0,70% |
| PERU 5,40 19-120834 | 140.000.000 | PEN | 37.398.715,74 | 34.910.719,73 | 1,30% |
| PERU 6,15 17-120832 | 160.000.000 | PEN | 44.424.474,89 | 43.973.203,49 | 1,64% |
| REPUBLIK PERU 5,94 18-120229 | 50.000.000 | PEN | 13.701.053,39 | 14.096.691,11 | 0,53% |
| Total NOUVEAU SOL PÉRUVIEN |  |  | 115.995.451,26 | 111.782.543,86 | 4,16% |
| ASIAN DEVELOPMENT BANK 5,25 19-090323 | 300.000.000 | PHP | 5.773.873,12 | 5.435.408,79 | 0,20% |
| PHILIPPINE 3,625 15-090925 | 450.000.000 | PHP | 6.130.303,53 | 8.022.997,27 | 0,30% |
| PHILIPPINE 4,50 17-200424 | 295.000.000 | PHP | 4.905.221,98 | 5.396.379,12 | 0,20% |
| PHILIPPINE 6,50 18-220238 | 100.000.000 | PHP | 2.300.265,77 | 2.245.046,09 | 0,08% |
| PHILIPPINES 3,90 12-261122 | 500.000.000 | PHP | 8.968.125,29 | 8.683.839,02 | 0,32% |
| PHILIPPINES 4,95 10-150121 | 1.075.000.000 | PHP | 18.539.107,36 | 18.303.621,65 | 0,68% |
| PHILIPPINES 6,25 11-140136 | 61.500.000 | PHP | 1.195.375,32 | 1.354.249,38 | 0,05% |
| PHILIPPINES 6,25 18-220328 | 100.000.000 | PHP | 1.681.157,59 | 2.088.695,97 | 0,08% |
| Total PESO PHILIPPIN |  |  | 49.493.429,96 | 51.530.237,29 | 1,92% |
| POLAND GOVERMENT -INFLATION LINKED- 2,75 08-250823 | 35.000.000 | PLN | 11.078.824,33 | 11.098.198,87 | 0,41% |
| POLAND GOVERMENT 1,25 20-251030 | 100.000.000 | PLN | 22.279.921,98 | 21.976.770,97 | 0,82% |
| POLAND GOVERNMENT 4,00 16-250447 | 20.000.000 | PLN | 5.367.900,78 | 6.465.523,86 | 0,24% |
| Total ZLOTY POLONAIS |  |  | 38.726.647,09 | 39.540.493,70 | 1,47% |
| ROMANIA 3,50 15-191222 | 10.000.000 | RON | 2.082.943,52 | 2.094.751,87 | 0,08% |
| ROMANIA 4,00 19-080822 | 25.000.000 | RON | 5.238.588,26 | 5.259.966,71 | 0,20% |
| ROMANIA 4,75 19-111034 | 50.000.000 | RON | 10.937.827,06 | 11.711.368,38 | 0,44% |
| ROMANIA 5,00 18-120229 | 15.000.000 | RON | 3.356.442,74 | 3.548.742,15 | 0,13% |
| ROMANIA 5,80 12-260727 | 102.500.000 | RON | 23.797.228,77 | 24.890.751,31 | 0,93% |
| ROMANIA GOVT 4,15 20-260128 | 100.000.000 | RON | 21.992.833,19 | 22.222.518,98 | 0,83% |
| Total LEU ROUMAIN |  |  | 67.405.863,54 | 69.728.099,40 | 2,60% |
| SERBIA 3,00 20-300725 | 325.000.000 | RSD | 2.821.377,34 | 2.818.680,29 | 0,11% |
| SERBIA 4,50 19-110126 | 5.000.000.000 | RSD | 44.593.002,74 | 46.234.581,63 | 1,72% |
| SERBIA 4,50 20-200832 | 1.750.000.000 | RSD | 15.403.661,17 | 15.911.026,12 | 0,59% |
| SERBIA 5,75 16-210723 | 175.000.000 | RSD | 1.657.560,67 | 1.619.081,20 | 0,06% |
| SERBIA 5,875 18-080228 | 1.250.000.000 | RSD | 11.405.280,70 | 12.561.974,38 | 0,47% |
| Total DINAR SERBE |  |  | 75.880.882,62 | 79.145.343,62 | 2,95% |
| SINGAPORE 2,25 16-010836 | 500.000 | SGD | 380.614,43 | 358.450,32 | 0,01% |

DPAM L BONDS EMERGING MARKETS SUSTAINABLE
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| SINGAPORE 2,625 18-010528 | 40.000.000 | SGD | 26.747.837,14 | 27.983.674,48 | 1,04% |
| --- | --- | --- | --- | --- | --- |
| SINGAPORE 2,75 12-010442 | 1.000.000 | SGD | 817.712,22 | 792.647,33 | 0,03% |
| SINGAPORE 2,875 10-010930 | 5.000.000 | SGD | 3.695.804,32 | 3.667.614,87 | 0,14% |
| SINGAPORE 2,875 14-010729 | 20.000.000 | SGD | 14.449.815,04 | 14.446.849,30 | 0,54% |
| SINGAPORE 3,00 09-010924 | 5.000.000 | SGD | 3.516.040,35 | 3.388.782,38 | 0,13% |
| SINGAPORE 3,375 13-010933 | 20.000.000 | SGD | 15.734.696,90 | 15.744.604,54 | 0,59% |
| SINGAPORE 3,50 07-010327 | 65.000.000 | SGD | 44.389.390,35 | 47.025.817,82 | 1,75% |
| Total DOLLAR DE SINGAPOUR |  |  | 109.731.910,75 | 113.408.441,04 | 4,22% |
| THAILAND 1,60 19-171229 | 600.000.000 | THB | 16.885.630,21 | 17.045.820,03 | 0,64% |
| THAILAND GOVT 1,585 20-171235 | 202.500.000 | THB | 5.554.271,45 | 5.649.166,41 | 0,21% |
| THAILAND GOVT 4,875 09-220629 | 550.000.000 | THB | 19.333.464,84 | 19.535.907,34 | 0,73% |
| THAILAND -INFLATION LINKED- 1,25 13-120328 | 100.000.000 | THB | 3.067.374,79 | 2.849.645,50 | 0,11% |
| Total BAHT THAÏLANDAIS |  |  | 44.840.741,29 | 45.080.539,28 | 1,68% |
| ARGENTINA 1,00 20-090729 | 188.113 | USD | 79.705,03 | 67.059,90 | 0,00% |
| ARGENTINA FRN 20-090735 | 9.850.000 | USD | 3.658.053,21 | 2.954.476,73 | 0,11% |
| BAHAMAS 8,95 20-151032 | 3.500.000 | USD | 2.968.633,04 | 3.120.522,25 | 0,12% |
| BQ CENTRAL TUNISIA 8,25 97-190927 | 3.868.000 | USD | 3.398.671,58 | 3.044.309,31 | 0,11% |
| CENTRAL BANK TUNISIA 5,75 15-300125 | 13.839.000 | USD | 10.916.431,18 | 10.355.978,58 | 0,39% |
| DOMINICAN 4,875 20-230932 | 3.000.000 | USD | 2.654.270,03 | 2.717.126,39 | 0,10% |
| ECUADOR FRN 20-310735 | 12.500.000 | USD | 6.498.492,30 | 5.582.270,86 | 0,21% |
| EL SALVADOR 7,75 02-240123 | 9.412.000 | USD | 7.467.927,43 | 7.626.600,79 | 0,28% |
| GEORGIA 6,875 11-120421 | 5.547.000 | USD | 5.294.359,62 | 4.606.813,99 | 0,17% |
| GHANA 6,375 20-110227 | 6.000.000 | USD | 4.886.683,83 | 5.113.497,61 | 0,19% |
| GHANA 7,625 18-160529 | 700.000 | USD | 587.755,64 | 610.036,37 | 0,02% |
| GHANA 7,875 19-260327 | 6.000.000 | USD | 4.553.184,20 | 5.409.586,86 | 0,20% |
| GHANA 7,875 20-110235 | 3.000.000 | USD | 2.402.425,17 | 2.528.282,46 | 0,09% |
| GHANA 8,125 14-180126 | 5.000.000 | USD | 4.456.540,23 | 4.589.636,71 | 0,17% |
| GHANA 8,125 19-260332 | 3.100.000 | USD | 2.471.920,67 | 2.690.492,42 | 0,10% |
| GUATEMALA 4,50 16-030526 | 5.000.000 | USD | 4.640.307,53 | 4.544.215,60 | 0,17% |
| ISRAEL STATE 3,80 20-130560 | 3.500.000 | USD | 3.257.691,09 | 3.403.714,60 | 0,13% |
| KENYA 6,875 14-240624 | 3.000.000 | USD | 2.739.624,09 | 2.692.889,54 | 0,10% |
| KENYA 7,00 19-220527 | 15.600.000 | USD | 13.494.459,00 | 14.083.413,02 | 0,52% |
| KENYA 8,00 19-220532 | 5.800.000 | USD | 5.108.666,28 | 5.537.813,74 | 0,21% |
| LEBANESE 6,10 10-041022 -DEFAULT- | 1.000.000 | USD | 665.275,96 | 116.333,62 | 0,00% |
| LEBANESE 6,85 17-230327 -DEFAULT- | 2.000.000 | USD | 662.817,65 | 231.956,19 | 0,01% |
| LEBANESE 8,25 06-120421 -DEFAULT- | 3.400.000 | USD | 2.610.966,58 | 418.445,51 | 0,02% |
| MAROCCO KINGDOM 3,00 20-151232 | 6.000.000 | USD | 4.931.852,89 | 4.981.365,70 | 0,19% |
| MONGOLIA 5,125 12-051222 | 2.000.000 | USD | 1.743.019,56 | 1.702.341,54 | 0,06% |
| MOZAMBIQUE 5,00 19-150931 | 6.000.000 | USD | 4.500.047,58 | 4.487.090,84 | 0,17% |
| NAMIBIA 5,25 15-291025 | 5.000.000 | USD | 4.247.232,08 | 4.407.870,54 | 0,16% |
| NIGERIA 6,50 17-281127 | 5.000.000 | USD | 4.371.491,75 | 4.412.243,07 | 0,16% |
| NIGERIA 7,625 18-211125 | 1.300.000 | USD | 1.225.535,68 | 1.224.160,03 | 0,05% |
| NIGERIA 7,696 18-230238 | 8.000.000 | USD | 6.576.110,46 | 6.969.490,42 | 0,26% |
| NIGERIA 8,747 18-210131 | 5.800.000 | USD | 5.260.711,74 | 5.510.888,81 | 0,21% |
| PAKISTAN ISLAMIC 8,25 14-150424 | 6.000.000 | USD | 5.429.299,40 | 5.359.127,13 | 0,20% |
| SENEGAL 6,25 17-230533 | 13.000.000 | USD | 11.151.160,68 | 11.958.767,52 | 0,45% |
| SENEGAL 6,75 18-130348 | 3.000.000 | USD | 2.661.257,42 | 2.703.739,12 | 0,10% |
| SERBIA 2,125 20-011230 | 4.000.000 | USD | 3.317.003,00 | 3.240.227,21 | 0,12% |

DPAM L BONDS EMERGING MARKETS SUSTAINABLE
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| SRI LANKA 7,55 19-280330 | 10.000.000 | USD | 5.089.770,12 | 4.729.598,30 | 0,18% |
| --- | --- | --- | --- | --- | --- |
| THIRD PAKISTAN INTERNATIONAL 5,625 17-051222 | 2.000.000 | USD | 1.698.732,60 | 1.678.656,37 | 0,06% |
| UKRAINE 7,304 20-150333 | 13.725.000 | USD | 12.020.406,43 | 12.261.975,90 | 0,46% |
| UKRAINE 7,75 15-010926 | 3.000.000 | USD | 2.631.144,40 | 2.773.580,97 | 0,10% |
| UKRAINE 8,994 18-010224 | 5.000.000 | USD | 4.668.776,13 | 4.638.796,95 | 0,17% |
| UKRAINE FRN 15-310540 | 7.000.000 | USD | 5.207.937,63 | 5.913.800,01 | 0,22% |
| UKRAINE GOVT 7,75 15-010924 | 3.000.000 | USD | 2.820.227,23 | 2.730.807,89 | 0,10% |
| UKRAINE GOVT 7,75 15-010925 | 3.000.000 | USD | 2.671.516,37 | 2.754.247,88 | 0,10% |
| UKRAINE GOVT 9,75 18-011128 | 3.000.000 | USD | 3.072.252,08 | 3.021.037,14 | 0,11% |
| Total DOLLAR DES ETATS-UNIS |  |  | 190.770.346,57 | 189.505.286,39 | 7,06% |
| URUGUAY -INFLATION LINKED- 3,875 20-020740 | 1.275.000.000 | UYU | 29.665.338,64 | 29.508.585,79 | 1,10% |
| URUGUAY -INFLATION LINKED- 4,375 11-151228 | 200.000.000 | UYU | 9.647.568,25 | 9.171.924,52 | 0,34% |
| Total PESO URUGUAYEN |  |  | 39.312.906,89 | 38.680.510,31 | 1,44% |
| ASIAN DEVELOPMENT BANK 0,00 19-010829 | 100.000.000 | ZAR | 2.718.260,48 | 2.743.699,38 | 0,10% |
| SOUTH AFRICA 7,00 10-280231 | 400.000.000 | ZAR | 16.361.585,52 | 19.091.331,46 | 0,71% |
| SOUTH AFRICA 8,00 13-310130 | 291.000.000 | ZAR | 13.636.248,20 | 15.449.394,49 | 0,58% |
| SOUTH AFRICA 8,25 14-310332 | 700.000.000 | ZAR | 37.163.099,25 | 35.142.259,40 | 1,31% |
| SOUTH AFRICA 8,5 13-310137 | 1.200.000.000 | ZAR | 60.994.552,39 | 55.457.881,37 | 2,07% |
| SOUTH AFRICA 8,75 12-280248 | 625.000.000 | ZAR | 27.142.497,45 | 28.548.556,26 | 1,06% |
| SOUTH AFRICA 8,75 14-310144 | 95.000.000 | ZAR | 5.519.178,04 | 4.331.953,91 | 0,16% |
| SOUTH AFRICA 8,875 15-280235 | 1.349.000.000 | ZAR | 67.455.377,79 | 66.175.680,28 | 2,47% |
| SOUTH AFRICA 9,00 15-310140 | 500.000.000 | ZAR | 29.532.143,68 | 23.731.878,52 | 0,88% |
| Total RAND SUD-AFRICAIN |  |  | 260.522.942,80 | 250.672.635,07 | 9,34% |
| Total Obligations |  |  | 2.585.416.027,35 | 2.577.065.056,28 | 96,00% |
| Total Valeurs mobilières admises à la cote officielle d'une |  |  |  |  |  |
| bourse de valeurs ou négociées sur un autre marché |  |  | 2.585.416.027,35 | 2.577.065.056,28 | 96,00% |
| réglementé |  |  |  |  |  |
| Total du Portefeuille-Titres |  |  | 2.585.416.027,35 | 2.577.065.056,28 | 96,00% |

DPAM L BONDS EUR CORPORATE HIGH YIELD
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| Valeurs mobilières admises à la cote officielle d'une bourse de |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- |
| valeurs ou négociées sur un autre marché réglementé |  |  |  |  |  |
| Obligations |  |  |  |  |  |
| ABERTIS INFRAEST. FRN 20-PERPETUAL | 3.600.000 | EUR | 3.631.000,00 | 3.740.940,00 | 0,85% |
| ACCOR 1,75 19-040226 | 2.000.000 | EUR | 2.070.000,00 | 2.092.030,00 | 0,48% |
| ACCOR FRN 19-PERPETUAL | 1.700.000 | EUR | 1.563.110,00 | 1.585.131,00 | 0,36% |
| ADEVINTA ASA 3,00 20-151127 | 500.000 | EUR | 500.000,00 | 517.717,50 | 0,12% |
| ADIENT GLOBAL HLDG 3,50 16-150824 | 1.500.000 | EUR | 1.342.500,00 | 1.501.485,00 | 0,34% |
| ALTICE FINANCING 3,00 20-150128 | 1.000.000 | EUR | 957.145,00 | 966.200,00 | 0,22% |
| ALTICE FINCO 4,75 17-150128 | 2.180.000 | EUR | 1.965.125,13 | 2.114.959,70 | 0,48% |
| ALTICE FRANCE HLDG 8,00 20-150527 | 3.000.000 | EUR | 3.044.625,00 | 3.265.620,00 | 0,75% |
| ALTICE FRANCE OAT 4,125 20-150129 | 1.000.000 | EUR | 1.000.000,00 | 1.022.530,00 | 0,23% |
| ALTICE FRANCE S.A. 2,50 19-150125 | 1.000.000 | EUR | 1.000.000,00 | 983.335,00 | 0,22% |
| ALTICE FRANCE S.A. 3,375 19-150128 | 1.000.000 | EUR | 1.000.000,00 | 991.675,00 | 0,23% |
| ALTICE FRANCE S.A. 5,875 18-010227 | 6.100.000 | EUR | 6.685.395,00 | 6.508.212,00 | 1,48% |
| ARDAGH PKG FINANCE 2,125 19-150826 | 1.000.000 | EUR | 930.000,00 | 1.004.870,00 | 0,23% |
| ARDAGH PKG FINANCE 2,125 20-150826 | 2.200.000 | EUR | 2.123.000,00 | 2.210.593,00 | 0,50% |
| ARD FINANCE S.A. 5,00 19-300627 | 3.000.000 | EUR | 2.959.325,00 | 3.068.760,00 | 0,70% |
| ARENA LUXEMBOURG 1,875 20-010228 | 700.000 | EUR | 700.000,00 | 668.377,50 | 0,15% |
| ASHLAND SERVICES 2,00 20-300128 | 2.000.000 | EUR | 2.000.000,00 | 2.002.940,00 | 0,46% |
| AVANTOR FUNDING 2,625 20-011125 | 1.500.000 | EUR | 1.500.000,00 | 1.539.067,50 | 0,35% |
| AVANTOR FUNDING 3,875 20-150728 | 1.000.000 | EUR | 1.000.000,00 | 1.052.750,00 | 0,24% |
| AVIS BUDGET FINANCE 4,50 17-150525 | 500.000 | EUR | 411.980,00 | 491.975,00 | 0,11% |
| AVIS BUDGET FINANCE 4,75 18-300126 | 550.000 | EUR | 447.920,00 | 540.053,25 | 0,12% |
| AVIS BUDGET FINANCE PLC 4,125 16-151124 | 500.000 | EUR | 490.996,67 | 492.967,50 | 0,11% |
| AXALTA COATING SYSTEMS 3,75 16-150125 | 650.000 | EUR | 677.850,00 | 664.417,00 | 0,15% |
| BALL CORP. 4,375 15-151223 | 50.000 | EUR | 57.622,36 | 55.192,50 | 0,01% |
| BELDEN INC. 3,375 17-150727 | 400.000 | EUR | 400.000,00 | 411.264,00 | 0,09% |
| BLITZ -F- 6,00 18-300726 | 2.600.000 | EUR | 2.630.552,50 | 2.735.863,00 | 0,62% |
| BRITISH TELECOM FRN 20-180880 | 3.000.000 | EUR | 2.650.106,90 | 2.954.025,00 | 0,67% |
| BURGERKING FRANCE 6,00 17-010524 | 550.000 | EUR | 525.108,47 | 564.445,75 | 0,13% |
| CANPACK S.A. 2,375 20-011127 | 1.000.000 | EUR | 1.000.000,00 | 1.034.785,00 | 0,24% |
| CASINO GUICHARD-PERRACHON 3,311 13-250123 | 1.900.000 | EUR | 1.736.500,00 | 1.987.105,50 | 0,45% |
| CASINO GUICHARD-PERRACHON 3,58 14-070225 | 400.000 | EUR | 320.000,00 | 362.134,00 | 0,08% |
| CASINO GUICHARD-PERRACHON 4,048 14-050826 | 400.000 | EUR | 320.800,00 | 355.894,00 | 0,08% |
| CASINO GUICHARD-PERRACHON 4,498 14-070324 | 1.400.000 | EUR | 1.259.650,00 | 1.373.211,00 | 0,31% |
| CATALENT PHARMACEUTICAL SOL 2,375 20-010328 | 5.000.000 | EUR | 5.005.000,00 | 5.027.675,00 | 1,15% |
| CHEPLAPHARMACEUTICAL ARZNEI 4,375 20-150128 | 2.000.000 | EUR | 2.000.000,00 | 2.055.740,00 | 0,47% |
| CIRSA FINANCE 4,75 19-220525 | 600.000 | EUR | 585.000,00 | 590.967,00 | 0,13% |
| CMA CGM 5,25 17-150125 | 10.100.000 | EUR | 9.409.718,12 | 10.102.727,00 | 2,30% |
| CMA CGM 7,50 20-150126 | 1.000.000 | EUR | 978.480,00 | 1.074.720,00 | 0,25% |
| CONSTANTIN INVESTMENT 5,375 17-150425 | 3.000.000 | EUR | 2.813.000,00 | 3.068.595,00 | 0,70% |
| CONSTELLIUM 4,25 17-150226 | 2.700.000 | EUR | 2.658.701,45 | 2.766.973,50 | 0,63% |
| CROWN EUROPEAN HLDG 2,875 18-010226 | 3.000.000 | EUR | 3.099.900,00 | 3.221.610,00 | 0,74% |
| DIEBOLD NIXDORF 9,00 20-150725 | 2.000.000 | EUR | 2.084.510,00 | 2.180.800,00 | 0,50% |
| DKT FINANCE APS 7,00 18-170623 | 1.450.000 | EUR | 1.554.562,80 | 1.500.460,00 | 0,34% |
| DOUGLAS GMBH 6,25 15-150722 | 500.000 | EUR | 472.250,00 | 454.992,50 | 0,10% |
| DRAX FINCO PLC 2,625 20-011125 | 1.500.000 | EUR | 1.500.000,00 | 1.546.027,50 | 0,35% |
| DUFRY ONE B.V. 2,00 19-150227 | 1.000.000 | EUR | 1.000.000,00 | 941.905,00 | 0,21% |

DPAM L BONDS EUR CORPORATE HIGH YIELD
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| DUFRY ONE B.V. 2,50 17-151024 | 375.000 | EUR | 370.584,25 | 361.282,50 | 0,08% |
| --- | --- | --- | --- | --- | --- |
| EDF S.A. FRN 19-PERPETUAL | 3.400.000 | EUR | 3.545.050,00 | 3.627.783,00 | 0,83% |
| EDREAMS ODIGEO S.A. 5,50 18-010923 | 500.000 | EUR | 410.000,00 | 474.982,50 | 0,11% |
| ELIS S.A. 2,875 18-150226 | 4.600.000 | EUR | 4.982.090,00 | 4.915.882,00 | 1,12% |
| ELM B.V. FRN 20-PERPETUAL | 1.500.000 | EUR | 1.491.435,00 | 1.625.025,00 | 0,37% |
| ENERGIAS DE PORTUGAL FRN 20-200780 | 700.000 | EUR | 698.208,00 | 699.681,50 | 0,16% |
| EUROFINS SCIENTIFIC FRN 17-PERPETUA | 3.000.000 | EUR | 3.128.587,00 | 3.139.245,00 | 0,72% |
| FAURECIA 3,125 19-150626 | 5.000.000 | EUR | 5.216.666,67 | 5.154.450,00 | 1,18% |
| FAURECIA 3,75 20-150628 | 1.000.000 | EUR | 1.000.000,00 | 1.054.025,00 | 0,24% |
| FEDERAL-MOGUL 5,00 17-150724 | 500.000 | EUR | 521.451,79 | 507.725,00 | 0,12% |
| FIAT CHRYSLER AUTO 3,875 20-050126 | 2.500.000 | EUR | 2.607.500,00 | 2.848.412,50 | 0,65% |
| FIAT CHRYSLER AUTO 4,50 20-070728 | 7.000.000 | EUR | 7.745.000,00 | 8.582.385,00 | 1,96% |
| FNAC DARTY S.A. 2,625 19-300526 | 3.000.000 | EUR | 3.050.124,97 | 3.102.120,00 | 0,71% |
| FORD MOTOR CREDIT 1,514 19-170223 | 1.100.000 | EUR | 1.035.311,54 | 1.100.621,50 | 0,25% |
| FORD MOTOR CREDIT 2,33 19-251125 | 2.000.000 | EUR | 1.970.000,00 | 2.038.580,00 | 0,47% |
| FORD MOTOR CREDIT 2,386 19-170226 | 3.800.000 | EUR | 3.613.062,50 | 3.875.335,00 | 0,88% |
| GAMMA BIDCO SpA 6,25 20-150725 | 700.000 | EUR | 734.125,00 | 729.729,00 | 0,17% |
| GRIFOLS S.A. 3,20 17-010525 | 1.600.000 | EUR | 1.643.200,00 | 1.619.088,00 | 0,37% |
| GRUPO-ANTOLIN IRAUSA 3,25 17-300424 | 3.800.000 | EUR | 3.547.000,00 | 3.766.161,00 | 0,86% |
| GRUPO ANTOLIN IRUSA 3,375 18-300426 | 1.600.000 | EUR | 1.549.200,00 | 1.555.384,00 | 0,35% |
| HP PELZER HLDG 4,125 17-010424 | 500.000 | EUR | 419.750,00 | 471.887,50 | 0,11% |
| HT TROPLAST GMBH 9,25 20-150725 | 4.500.000 | EUR | 4.626.250,00 | 5.023.957,50 | 1,15% |
| IHO VERWALTUNGS 3,625 19-150525 | 1.333.000 | EUR | 1.310.410,00 | 1.362.392,65 | 0,31% |
| IHO VERWALTUNGS 3,875 19-150527 | 1.956.000 | EUR | 1.911.625,18 | 2.039.110,44 | 0,47% |
| INEOS FINANCE 3,375 20-310326 | 2.500.000 | EUR | 2.500.000,00 | 2.583.662,50 | 0,59% |
| INEOS FINANCE PLC 2,125 17-151125 | 1.000.000 | EUR | 937.500,00 | 990.520,00 | 0,23% |
| INFRA WIRELESS 1,875 20-080726 | 1.500.000 | EUR | 1.497.135,00 | 1.571.490,00 | 0,36% |
| INTER GAME TECHNOLOGY 2,375 19-150428 | 1.100.000 | EUR | 1.051.875,00 | 1.094.148,00 | 0,25% |
| INTERNATIONAL DESIGN 6,50 18-151125 | 300.000 | EUR | 297.318,00 | 312.501,00 | 0,07% |
| INTERNATIONAL GAME TECHNOLOGY 3,50 18-150724 | 1.600.000 | EUR | 1.609.050,00 | 1.673.040,00 | 0,38% |
| INTERNATIONAL GAME TECHNOLOGY 3,50 19-150626 | 1.000.000 | EUR | 1.000.000,00 | 1.036.960,00 | 0,24% |
| INTERNATIONAL GAME TECHNOLOGY 4,75 15-150223 | 2.000.000 | EUR | 2.224.000,00 | 2.099.470,00 | 0,48% |
| INTERTRUST GROUP B.V. 3,375 18-151125 | 1.500.000 | EUR | 1.510.375,00 | 1.537.027,50 | 0,35% |
| IPD 3 B.V. 5,50 20-011225 | 400.000 | EUR | 400.000,00 | 414.070,00 | 0,09% |
| IQVIA INC. 2,25 19-150128 | 6.000.000 | EUR | 6.032.000,00 | 6.071.790,00 | 1,39% |
| KAPLA HLDG SAS 3,375 19-151226 | 1.000.000 | EUR | 950.000,00 | 988.955,00 | 0,23% |
| LEVI STRAUSS & CO 3,375 17-150327 | 700.000 | EUR | 708.264,83 | 726.701,50 | 0,17% |
| LOXAM SAS 2,875 19-150426 | 1.000.000 | EUR | 995.833,33 | 991.345,00 | 0,23% |
| LOXAM SAS 3,75 19-150726 | 3.000.000 | EUR | 2.998.296,00 | 3.061.245,00 | 0,70% |
| LOXAM SAS 4,50 19-150427 | 300.000 | EUR | 300.000,00 | 289.948,50 | 0,07% |
| LOXAM SAS 5,75 19-150727 | 4.250.000 | EUR | 4.208.775,00 | 4.303.868,75 | 0,98% |
| MATTERHORN TELECOM 4,00 17-151127 | 1.000.000 | EUR | 1.028.871,79 | 1.028.320,00 | 0,23% |
| MAXEDA DIY HLDG 5,875 20-011026 | 9.000.000 | EUR | 9.062.250,00 | 9.413.415,00 | 2,15% |
| MONITCHEM HOLDCO 9,50 19-150926 | 1.200.000 | EUR | 1.250.460,00 | 1.291.602,00 | 0,29% |
| NETFLIX INC. 3,625 18-150527 | 3.236.000 | EUR | 3.247.020,12 | 3.616.230,00 | 0,83% |
| NETFLIX INC. 3,625 19-150630 | 4.000.000 | EUR | 3.960.803,84 | 4.567.460,00 | 1,04% |
| NH HOTEL GROUP S.A. 3,75 16-011023 | 250.000 | EUR | 231.607,41 | 222.335,49 | 0,05% |
| NIDDA BONDCO GMBH 5,00 17-300925 | 500.000 | EUR | 516.150,00 | 506.217,50 | 0,12% |
| NIDDA HEALTHCARE 3,50 17-300924 | 7.000.000 | EUR | 7.105.000,00 | 7.013.230,00 | 1,60% |
| NOKIA CORP. 3,125 20-150528 | 1.000.000 | EUR | 997.910,00 | 1.102.245,00 | 0,25% |
| NORICAN GROUP 4,50 17-150523 | 1.100.000 | EUR | 989.824,69 | 957.698,50 | 0,22% |

DPAM L BONDS EUR CORPORATE HIGH YIELD
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| OCI N.V. 3,125 19-011124 | 1.000.000 | EUR | 1.000.000,00 | 1.031.695,00 | 0,24% |
| --- | --- | --- | --- | --- | --- |
| OCI N.V. 3,625 20-151025 | 4.500.000 | EUR | 4.500.000,00 | 4.686.300,00 | 1,07% |
| OI EUROPEAN GROUP 2,875 19-150225 | 1.500.000 | EUR | 1.500.000,00 | 1.527.345,00 | 0,35% |
| OI EUROPEAN GROUP 3,125 16-151124 | 3.400.000 | EUR | 3.475.500,00 | 3.528.639,00 | 0,81% |
| PAPREC HLDG S.A. 4,00 18-310325 | 2.400.000 | EUR | 2.282.555,00 | 2.405.268,00 | 0,55% |
| PARTS EUROPE 6,50 20-160725 | 2.150.000 | EUR | 2.183.220,00 | 2.247.244,50 | 0,51% |
| PIAGGIO 3,625 18-300425 | 1.100.000 | EUR | 1.113.750,00 | 1.127.296,50 | 0,26% |
| PICARD BONDCO 5,50 17-301124 | 1.000.000 | EUR | 958.631,21 | 1.027.385,00 | 0,23% |
| PLT VII FINANCE 4,625 20-050126 | 500.000 | EUR | 500.000,00 | 521.055,00 | 0,12% |
| PPF TELECOM 3,25 20-290927 | 3.000.000 | EUR | 2.976.960,00 | 3.230.565,00 | 0,74% |
| PROGROUP A.G. 3,00 18-310326 | 700.000 | EUR | 652.330,00 | 712.474,00 | 0,16% |
| QUATRIM SAS 5,875 19-150124 | 2.000.000 | EUR | 2.026.450,00 | 2.082.020,00 | 0,48% |
| RCI BANQUE S.A. FRN 19-180230 | 3.400.000 | EUR | 3.161.745,00 | 3.442.483,00 | 0,79% |
| REBECCA BIDCO GMBH 5,75 20-150725 | 2.000.000 | EUR | 2.000.000,00 | 2.111.620,00 | 0,48% |
| RENAULT S.A. S.A. 1,25 19-240625 | 2.000.000 | EUR | 1.820.480,00 | 1.962.680,00 | 0,45% |
| REPSOL INTERNATIONAL FINANCE 4,50 15-250375 | 2.000.000 | EUR | 2.255.241,79 | 2.200.070,00 | 0,50% |
| REPSOL INTERNATIONAL FINANCE FRN 20-PERPETUAL | 3.000.000 | EUR | 3.114.200,00 | 3.342.420,00 | 0,76% |
| REXEL S.A. 2,75 19-150626 | 7.000.000 | EUR | 7.188.650,00 | 7.167.405,00 | 1,64% |
| ROSSINI SARL 6,75 18-301025 | 2.800.000 | EUR | 2.894.619,58 | 2.995.776,00 | 0,68% |
| RUBIS TERMINAL INF 5,625 20-150525 | 3.000.000 | EUR | 3.077.500,00 | 3.206.085,00 | 0,73% |
| SARENS FINANCE CO N.V. 5,75 20-240227 | 500.000 | EUR | 500.000,00 | 465.795,00 | 0,11% |
| SCHAEFFLER A.G. 3,375 20-121028 | 7.500.000 | EUR | 8.106.500,00 | 8.272.837,50 | 1,89% |
| SCHAEFFLER FINANCE B.V. 3,75 16-150926 | 900.000 | EUR | 912.535,71 | 928.035,00 | 0,21% |
| SHUNSHINE MID B.V. 6,50 18-150526 | 2.200.000 | EUR | 2.148.960,69 | 2.290.860,00 | 0,52% |
| SIG COMBIBLOC 2,125 20-180625 | 1.500.000 | EUR | 1.566.795,00 | 1.580.295,00 | 0,36% |
| SIGMA HOLDCO B.V. 5,75 18-150526 | 6.000.000 | EUR | 6.029.994,94 | 5.955.390,00 | 1,36% |
| SILGAN HLDG INC. 3,25 17-150325 | 500.000 | EUR | 500.000,00 | 506.950,00 | 0,12% |
| SMURFIT KAPPA TREASURY 1,50 19-150927 | 3.250.000 | EUR | 3.250.000,00 | 3.410.826,25 | 0,78% |
| SOFTBK GROUP CORP.3,125 17-190925 | 2.700.000 | EUR | 2.636.500,00 | 2.776.923,00 | 0,63% |
| SOFTBK GROUP CORP.4,00 17-190929 | 8.300.000 | EUR | 8.627.166,27 | 8.832.154,50 | 2,02% |
| SOFTBK GROUP CORP.4,50 18-200425 | 1.000.000 | EUR | 1.033.160,00 | 1.081.420,00 | 0,25% |
| SOFTBK GROUP CORP.5,00 18-150428 | 3.850.000 | EUR | 4.212.920,00 | 4.303.472,25 | 0,98% |
| SOLVAY FINANCE FRN 13-PERPETUAL | 3.100.000 | EUR | 3.455.585,98 | 3.443.449,00 | 0,79% |
| SOLVAY FRN 20-PERPETUAL | 2.000.000 | EUR | 2.034.390,00 | 2.058.580,00 | 0,47% |
| SOLVAY S.A. FRN 18-PERPETUAL | 1.500.000 | EUR | 1.644.375,00 | 1.625.490,00 | 0,37% |
| SPCM S.A. 2,00 20-010226 | 3.000.000 | EUR | 3.000.000,00 | 3.052.245,00 | 0,70% |
| SPCM S.A. 2,625 20-010229 | 2.000.000 | EUR | 2.000.000,00 | 2.059.680,00 | 0,47% |
| SPIE S.A. 2,625 19-180626 | 8.000.000 | EUR | 8.145.542,17 | 8.394.480,00 | 1,92% |
| STARFRUIT US STAR 6,50 18-011026 | 5.700.000 | EUR | 5.835.774,97 | 6.044.679,00 | 1,38% |
| SUMMER BIDCO B.V. 9,00 19-151125 | 2.000.000 | EUR | 2.114.800,00 | 2.079.600,00 | 0,47% |
| SYNTHOMER PLC 3,875 20-010725 | 3.000.000 | EUR | 3.000.000,00 | 3.153.000,00 | 0,72% |
| TELECOM ITALIA SpA 2,375 17-121027 | 2.800.000 | EUR | 2.795.552,00 | 2.923.984,00 | 0,67% |
| TELECOM ITALIA SpA 2,75 19-150425 | 1.000.000 | EUR | 1.066.267,00 | 1.049.320,00 | 0,24% |
| TELECOM ITALIA SpA 3,625 16-250526 | 2.100.000 | EUR | 2.286.469,39 | 2.318.316,00 | 0,53% |
| TELECOM ITALIA SpA 5,25 05-170355 | 1.200.000 | EUR | 1.392.106,70 | 1.531.008,00 | 0,35% |
| TELECOM ITALIA SpA 7,75 03-240133 | 6.000.000 | EUR | 8.800.823,08 | 8.881.860,00 | 2,03% |
| TELEFONICA EUROPE FRN 18-PERPETUAL | 700.000 | EUR | 738.932,35 | 756.987,00 | 0,17% |
| TELEFONICA EUROPE FRN 18-PERPETUAL | 8.800.000 | EUR | 8.854.905,00 | 9.049.436,00 | 2,06% |
| TELEFONICA EUROPE FRN 19-PERPETUAL | 1.000.000 | EUR | 1.075.300,00 | 1.087.600,00 | 0,25% |
| TELENET FINANCE LUX NOTE 3,50 17-010328 | 1.600.000 | EUR | 1.624.018,79 | 1.664.048,00 | 0,38% |
| TENDAM BRANDS SAU 5,00 17-150924 | 400.000 | EUR | 388.970,00 | 371.896,00 | 0,08% |

DPAM L BONDS EUR CORPORATE HIGH YIELD
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| TEREOS FINANCE 7,50 20-301025 | 1.500.000 | EUR | 1.558.000,00 | 1.593.060,00 | 0,36% |
| --- | --- | --- | --- | --- | --- |
| THREEAB OPTIQUE DEVELOPMENT 4,00 17-011023 | 3.600.000 | EUR | 3.562.717,95 | 3.659.076,00 | 0,83% |
| TIM SpA 4,00 19-110424 | 1.900.000 | EUR | 1.909.374,00 | 2.059.942,00 | 0,47% |
| TITAN GLOBAL FINANCE 2,75 20-090727 | 2.000.000 | EUR | 2.000.000,00 | 2.077.150,00 | 0,47% |
| TRIVIUM PACKAGING 3,75 19-150826 | 4.900.000 | EUR | 5.007.384,61 | 5.058.368,00 | 1,15% |
| UGI INTERNATIONAL ENTERP 3,25 18-011125 | 500.000 | EUR | 500.000,00 | 516.285,00 | 0,12% |
| UNILABS SUBHOLDING 5,75 17-150525 | 4.000.000 | EUR | 3.950.638,00 | 4.108.680,00 | 0,94% |
| UNITED GROUP B.V. 3,125 20-150226 | 3.000.000 | EUR | 3.000.000,00 | 2.946.615,00 | 0,67% |
| UNITED GROUP B.V. 3,625 20-150228 | 3.000.000 | EUR | 3.000.000,00 | 2.949.675,00 | 0,67% |
| UPC HLDG B.V. 3,875 17-150629 | 1.700.000 | EUR | 1.703.550,00 | 1.751.127,50 | 0,40% |
| VERISURE MIDHLDG AB 5,75 17-011223 | 4.250.000 | EUR | 4.175.476,31 | 4.310.435,00 | 0,98% |
| VIRGIN MEDIA 3,75 20-150730 | 1.000.000 | EUR | 1.000.000,00 | 1.021.410,00 | 0,23% |
| VMED O2 UK FINANCING 3,25 20-310131 | 6.000.000 | EUR | 6.000.000,00 | 6.174.150,00 | 1,41% |
| VODAFONE GROUP FRN 18-031078 | 9.000.000 | EUR | 9.731.716,66 | 10.245.960,00 | 2,34% |
| VOLVO CAR AB 2,50 20-071027 | 4.300.000 | EUR | 4.300.000,00 | 4.553.807,50 | 1,04% |
| VZ VENDOR FINANCE 2,875 20-150129 | 1.500.000 | EUR | 1.500.000,00 | 1.499.497,50 | 0,34% |
| WIENERBERGER A.G. 2,75 20-040625 | 2.000.000 | EUR | 2.014.997,50 | 2.137.940,00 | 0,49% |
| WMG ACQUISITION 2,75 20-150728 | 3.000.000 | EUR | 3.000.000,00 | 3.094.320,00 | 0,71% |
| WMG ACQUISITION 3,625 18-151026 | 1.950.000 | EUR | 1.952.337,50 | 2.018.513,25 | 0,46% |
| ZF EUROPE FINANCE 2,00 19-230226 | 2.000.000 | EUR | 1.828.250,00 | 1.984.530,00 | 0,45% |
| ZF EUROPE FINANCE 3,00 19-231029 | 1.000.000 | EUR | 985.000,00 | 1.025.110,00 | 0,23% |
| ZF EUROPE FINANCE 3,75 20-210928 | 5.000.000 | EUR | 5.280.000,00 | 5.384.400,00 | 1,23% |
| ZF FINANCE GMBH 3,00 20-210925 | 1.500.000 | EUR | 1.491.450,00 | 1.554.765,00 | 0,35% |
| ZIGGO BOND CO B.V. 3,375 20-280230 | 1.000.000 | EUR | 979.850,00 | 1.008.335,00 | 0,23% |
| Total EURO |  |  | 415.689.306,46 | 429.774.054,28 | 98,05% |
| Total Obligations |  |  | 415.689.306,46 | 429.774.054,28 | 98,05% |
| Total Valeurs mobilières admises à la cote officielle d'une bourse de valeurs ou négociées sur un autre marché réglementé |  |  | 415.689.306,46 | 429.774.054,28 | 98,05% |
| Total du Portefeuille-Titres |  |  | 415.689.306,46 | 429.774.054,28 | 98,05% |

DPAM L GLOBAL TARGET INCOME
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| Fonds d'investissements |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- |
| DPAM BONDS GOVT GLOBAL -P- -CAP- | 455 | EUR | 12.445.525,34 | 12.489.285,90 | 18,18% |
| DPAM CAP B EQUITIES US DIVIDENDE SUSTAINABLE -P- -CAP- | 172 | EUR | 5.586.138,10 | 5.990.231,96 | 8,72% |
| DPAM CAPITAL B EQUITIES US BEHAVIORAL VALUE -P- | 73 | EUR | 1.237.237,37 | 1.388.772,44 | 2,02% |
| DPAM HORIZON B BONDS GLOBAL INFLATION -P- HEDGED | 1.313 | EUR | 160.666,12 | 169.077,46 | 0,25% |
| DPAM INVESTMENT B BONDS EUR IG -P- | 14.477 | EUR | 1.116.952,16 | 1.135.394,33 | 1,65% |
| DPAM INVESTMENT B EQUITIES EUROLAND -P- | 5.804 | EUR | 1.485.170,36 | 1.547.636,60 | 2,25% |
| DPAM INVESTMENT B EQUITIES EUROPE SUSTAINABLE -F- | 911 | EUR | 290.282,87 | 341.069,29 | 0,50% |
| DPAM INVESTMENT B EQUITIES EUR SM CAP SUSTAINABLE -P- | 1.341 | EUR | 329.355,04 | 391.652,46 | 0,57% |
| DPAM INVESTMENT B EQUITIES WORLD SUSTAINABLE -P- | 825 | EUR | 235.839,81 | 268.950,00 | 0,39% |
| DPAM INVESTMENT B REAL ESTATE EUR DIVIDENDE SUSTAINABLE |  |  |  |  |  |
| -P- | 19.156 | EUR | 4.273.230,04 | 4.499.935,96 | 6,55% |
| DPAM L BOND EUR QUALITY SUSTAINABLE -F- | 1.108 | EUR | 683.974,32 | 697.330,88 | 1,01% |
| DPAM L BONDS EMERGING MARKETS SUSTAINABLE -P- | 56.318 | EUR | 7.819.503,74 | 8.002.224,62 | 11,65% |
| DPAM L BONDS EUR CORPORATE HIGH YIELD -P- | 23.667 | EUR | 3.675.497,76 | 3.779.582,69 | 5,50% |
| DPAM L BONDS EUR HIGH YIELD SHORT-TERM -P- | 87.949 | EUR | 12.537.294,81 | 12.823.843,69 | 18,66% |
| DPAM L BONDS GOVERNEMENT SUSTAINABLE -P- | 479 | EUR | 841.155,42 | 838.451,18 | 1,22% |
| DPAM L BONDS HIGHER YIELD -P- | 33.452 | EUR | 9.848.862,40 | 10.300.874,36 | 14,99% |
| Total EURO |  |  | 62.566.685,66 | 64.664.313,82 | 94,12% |
| Total Fonds d'investissements |  |  | 62.566.685,66 | 64.664.313,82 | 94,12% |
| Total du Portefeuille-Titres |  |  | 62.566.685,66 | 64.664.313,82 | 94,12% |

DPAM L BALANCED CONSERVATIVE SUSTAINABLE
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| Valeurs mobilières admises à la cote officielle d'une bourse de |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- |
| valeurs ou négociées sur un autre marché réglementé |  |  |  |  |  |
| Actions Cotées ou Négociées |  |  |  |  |  |
| CSL LTD | 1.150 | AUD | 139.967,16 | 206.704,09 | 0,36% |
| Total DOLLAR AUSTRALIEN |  |  | 139.967,16 | 206.704,09 | 0,36% |
| LOGITECH INTERNATIONAL S.A. -REG- | 2.620 | CHF | 95.073,70 | 208.136,84 | 0,36% |
| NESTLE -REG- | 1.700 | CHF | 127.580,87 | 163.877,77 | 0,29% |
| PARTNERS GROUP HOLDING | 220 | CHF | 160.733,36 | 211.548,24 | 0,37% |
| SIG COMBIBLOC A.G. | 11.150 | CHF | 208.894,52 | 211.752,58 | 0,37% |
| Total FRANC SUISSE |  |  | 592.282,45 | 795.315,43 | 1,39% |
| DSV PANALPINA | 1.400 | DKK | 130.686,99 | 191.846,52 | 0,34% |
| NOVO NORDISK -B- | 5.715 | DKK | 229.867,81 | 327.577,23 | 0,57% |
| Total COURONNE DANOISE |  |  | 360.554,80 | 519.423,75 | 0,91% |
| ADYEN | 115 | EUR | 89.834,03 | 219.075,00 | 0,38% |
| AIR LIQUIDE | 1.727 | EUR | 171.523,44 | 231.849,75 | 0,40% |
| AKZO NOBEL N.V. - ORDSHR | 2.430 | EUR | 206.483,32 | 213.499,80 | 0,37% |
| ALD S.A. | 10.500 | EUR | 119.234,16 | 120.750,00 | 0,21% |
| ALLIANZ A.G. -REG- | 1.460 | EUR | 258.546,86 | 293.022,00 | 0,51% |
| AMADEUS IT GROUP S.A. | 3.717 | EUR | 226.223,13 | 221.384,52 | 0,39% |
| AMUNDI S.A. | 3.270 | EUR | 184.672,48 | 218.436,00 | 0,38% |
| ANHEUSER-BUSCH INBEV | 3.040 | EUR | 174.416,95 | 173.310,40 | 0,30% |
| APERAM -REG- | 7.005 | EUR | 185.603,88 | 239.150,70 | 0,42% |
| APPLUS SERVICES S.A. | 21.000 | EUR | 168.493,61 | 189.420,00 | 0,33% |
| AROUNDTOWN S.A. | 22.324 | EUR | 170.443,55 | 136.622,88 | 0,24% |
| ASML HOLDING NV | 895 | EUR | 136.325,11 | 355.807,25 | 0,62% |
| BANCO SANTANDER S.A. -REG- | 69.391 | EUR | 154.618,80 | 176.114,36 | 0,31% |
| BARCO N.V. | 7.500 | EUR | 132.907,90 | 133.650,00 | 0,23% |
| BEIERSDORF A.G. | 1.740 | EUR | 177.859,16 | 164.325,60 | 0,29% |
| BMW-BAYERISCHE MOTOREN WERKE A.G. | 2.300 | EUR | 160.654,39 | 166.129,00 | 0,29% |
| BREMBO SpA | 13.200 | EUR | 137.127,48 | 142.560,00 | 0,25% |
| CAPGEMINI SE | 1.540 | EUR | 150.993,33 | 195.272,00 | 0,34% |
| CELLNEX TELECOM S.A. | 5.150 | EUR | 201.075,84 | 252.968,00 | 0,44% |
| CTS EVENTIM A.G. & CO. KGAA | 3.970 | EUR | 168.158,10 | 215.968,00 | 0,38% |
| DASSAULT SYSTEMES S.A. | 1.181 | EUR | 158.732,80 | 196.223,15 | 0,34% |
| DAVIDE CAMPARI-MILANO N.V. | 20.000 | EUR | 150.027,54 | 186.800,00 | 0,33% |
| DERMAPHARMACEUTICAL HLDG SE | 4.000 | EUR | 184.000,00 | 227.840,00 | 0,40% |
| DEUTSCHE BOERSE A.G. | 1.250 | EUR | 193.303,20 | 174.062,50 | 0,30% |
| DEUTSCHE TELEKOM A.G. -REG- | 10.600 | EUR | 159.166,98 | 158.523,00 | 0,28% |
| DEUTSCHE WOHNEN SE | 3.500 | EUR | 149.721,00 | 152.915,00 | 0,27% |
| EDP ENERGIAS -REG- | 56.862 | EUR | 199.144,28 | 293.180,47 | 0,51% |
| ELIOR SCA | 26.500 | EUR | 142.913,55 | 146.280,00 | 0,26% |
| ENEL AZ | 33.100 | EUR | 189.125,08 | 273.935,60 | 0,48% |
| FINECOBANK SpA | 18.200 | EUR | 233.094,87 | 243.880,00 | 0,43% |
| GRIFOLS S.A. | 9.500 | EUR | 258.095,32 | 226.860,00 | 0,40% |

DPAM L BALANCED CONSERVATIVE SUSTAINABLE
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| HANNOVER RUECK SE | 1.200 | EUR | 171.691,15 | 156.360,00 | 0,27% |
| --- | --- | --- | --- | --- | --- |
| HELLOFRESH | 3.000 | EUR | 154.648,48 | 189.600,00 | 0,33% |
| IBERDROLA S.A. | 28.987 | EUR | 229.464,42 | 339.147,90 | 0,59% |
| IMCD N.V. | 2.320 | EUR | 148.617,85 | 241.860,00 | 0,42% |
| INFINEON TECHNOLOGIES | 10.400 | EUR | 190.148,92 | 326.456,00 | 0,57% |
| ING GROUP N.V. | 32.500 | EUR | 284.976,11 | 248.332,50 | 0,43% |
| INTESA SAN PAOLO SpA | 154.000 | EUR | 297.704,42 | 294.540,40 | 0,51% |
| KBC GROUP S.A. | 6.600 | EUR | 382.320,62 | 378.048,00 | 0,66% |
| KERRY GROUP PLC | 2.480 | EUR | 236.171,58 | 293.880,00 | 0,51% |
| KINGSPAN GROUP PLC | 2.300 | EUR | 112.059,55 | 132.020,00 | 0,23% |
| KONINKLIJKE AHOLD DELHAIZE N.V. | 7.300 | EUR | 163.134,25 | 168.703,00 | 0,29% |
| KONINKLIJKE DSM N.V. | 1.876 | EUR | 149.301,39 | 264.140,80 | 0,46% |
| KONINKLIJKE KPN | 68.000 | EUR | 161.647,77 | 169.116,00 | 0,30% |
| L'OREAL | 700 | EUR | 198.477,31 | 217.560,00 | 0,38% |
| LVMH MOET HENNESSY.LOUIS VUITTON SE | 500 | EUR | 182.101,47 | 255.450,00 | 0,45% |
| MEDIOBANCA | 32.200 | EUR | 270.158,67 | 242.788,00 | 0,42% |
| MERCK KGAA | 2.200 | EUR | 209.348,67 | 308.770,00 | 0,54% |
| MONCLER SpA | 4.150 | EUR | 151.547,39 | 208.081,00 | 0,36% |
| NN GROUP N.V. | 8.897 | EUR | 305.655,33 | 316.110,41 | 0,55% |
| PEUGEOT | 8.000 | EUR | 156.496,31 | 178.960,00 | 0,31% |
| PIRELLI & CO SpA | 45.000 | EUR | 207.238,19 | 199.485,00 | 0,35% |
| PLASTIC OMNIUM | 7.250 | EUR | 155.100,98 | 204.595,00 | 0,36% |
| PROSUS NV | 2.280 | EUR | 186.406,75 | 201.460,80 | 0,35% |
| PRYSMIAN SpA | 9.200 | EUR | 158.968,08 | 267.536,00 | 0,47% |
| RANDSTAD N.V. | 3.600 | EUR | 156.352,30 | 191.664,00 | 0,33% |
| SAP A.G. | 3.490 | EUR | 314.831,97 | 374.197,80 | 0,65% |
| SCHNEIDER ELECTRIC SE | 2.850 | EUR | 185.431,35 | 337.155,00 | 0,59% |
| SODEXO | 3.300 | EUR | 232.546,87 | 228.426,00 | 0,40% |
| SOLVAY & CIE | 2.050 | EUR | 181.615,36 | 198.604,00 | 0,35% |
| TELENET GROUP HLDG | 6.000 | EUR | 194.064,98 | 210.480,00 | 0,37% |
| TERNA SpA | 17.300 | EUR | 97.657,57 | 108.125,00 | 0,19% |
| UCB | 3.450 | EUR | 254.300,10 | 291.456,00 | 0,51% |
| UMICORE S.A. | 4.300 | EUR | 172.391,36 | 168.947,00 | 0,30% |
| WAREHOUSES DE PAUW N.V. | 6.793 | EUR | 155.898,98 | 191.970,18 | 0,34% |
| Total EURO |  |  | 12.200.996,64 | 14.443.840,77 | 25,22% |
| 3I GROUP PLC | 15.423 | GBP | 195.047,78 | 199.528,92 | 0,35% |
| ASTRAZENECA PLC | 2.520 | GBP | 168.549,82 | 206.194,62 | 0,36% |
| BEAZLEY PLC | 45.000 | GBP | 183.905,20 | 183.297,96 | 0,32% |
| CRODA INTERNATIONAL PLC | 3.420 | GBP | 184.361,90 | 252.020,11 | 0,44% |
| DS SMITH PLC | 47.000 | GBP | 154.839,82 | 196.695,34 | 0,34% |
| INTERCONTINENTAL A.G.HOTELS GROUP PLC | 3.500 | GBP | 158.676,82 | 183.387,33 | 0,32% |
| SPIRAX SARCO ENGINEERING PLC | 1.700 | GBP | 183.959,48 | 214.517,93 | 0,37% |
| UNILEVER PLC | 3.533 | GBP | 172.990,94 | 173.354,22 | 0,30% |
| Total LIVRE STERLING |  |  | 1.402.331,76 | 1.608.996,43 | 2,81% |
| NIDEC CORP. | 3.100 | JPY | 170.953,43 | 321.225,85 | 0,56% |
| SONY CORP. | 4.200 | JPY | 197.629,81 | 346.106,03 | 0,60% |
| Total YEN JAPONAIS |  |  | 368.583,24 | 667.331,88 | 1,17% |

DPAM L BALANCED CONSERVATIVE SUSTAINABLE
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| DNB NOR ASA -A- | 9.000 | NOK | 127.901,82 | 144.329,90 | 0,25% |
| --- | --- | --- | --- | --- | --- |
| ORKLA ASA | 19.500 | NOK | 151.523,55 | 161.941,58 | 0,28% |
| TOMRA SYSTEMS - NEW | 10.495 | NOK | 226.342,11 | 423.366,46 | 0,74% |
| Total COURONNE NORVÉGIENNE |  |  | 505.767,48 | 729.637,94 | 1,27% |
| ATLAS COPCO AB -REG -A- | 5.450 | SEK | 191.808,59 | 228.391,80 | 0,40% |
| NIBE INDUSTRIER AB -B- | 10.200 | SEK | 117.669,75 | 273.766,23 | 0,48% |
| Total COURONNE SUÉDOISE |  |  | 309.478,34 | 502.158,03 | 0,88% |
| ADOBE SYSTEMS INC | 435 | USD | 115.199,36 | 177.804,09 | 0,31% |
| AGILENT TECHNOLOGIES INC. | 2.890 | USD | 192.429,63 | 279.870,95 | 0,49% |
| BOSTON SCIENTIFIC CORP. | 6.700 | USD | 218.197,02 | 196.857,50 | 0,34% |
| DANAHER CORP. | 1.680 | USD | 208.624,74 | 305.010,18 | 0,53% |
| DOLLAR GENERAL CORP. | 1.175 | USD | 198.411,95 | 201.955,38 | 0,35% |
| DOLLAR TREE | 2.190 | USD | 169.211,33 | 193.377,96 | 0,34% |
| MARSH & MC LENNAN | 2.500 | USD | 192.676,54 | 239.058,48 | 0,42% |
| MASTERCARD INC. -A- | 970 | USD | 194.811,29 | 282.973,15 | 0,49% |
| MEDTRONIC PLC | 3.230 | USD | 268.863,76 | 309.233,13 | 0,54% |
| MICROSOFT CORP. | 2.430 | USD | 223.608,64 | 441.731,52 | 0,77% |
| NIKE INC. -B- | 1.710 | USD | 127.246,69 | 197.714,60 | 0,35% |
| NVIDIA CORP | 590 | USD | 79.399,00 | 251.806,63 | 0,44% |
| PNC FINANCIAL SERVICES GROUP | 1.550 | USD | 179.078,71 | 188.754,04 | 0,33% |
| PTC INC | 2.250 | USD | 171.761,19 | 219.952,19 | 0,38% |
| ROSS STORES INC. | 2.080 | USD | 153.909,75 | 208.773,49 | 0,36% |
| S&P GLOBAL INC. | 715 | USD | 206.554,08 | 192.098,36 | 0,34% |
| SERVICENOW INC. | 505 | USD | 92.355,12 | 227.180,87 | 0,40% |
| SPLUNK INC. | 1.340 | USD | 152.016,41 | 186.059,09 | 0,32% |
| THERMO FISHER SCIENTIFIC INC. | 650 | USD | 198.811,45 | 247.441,46 | 0,43% |
| TRANE TECHNOLOGIES PLC | 2.860 | USD | 195.446,05 | 339.305,79 | 0,59% |
| WALT DISNEY CO | 1.620 | USD | 160.720,18 | 239.885,25 | 0,42% |
| ZOETIS INC. -A- | 1.400 | USD | 158.606,41 | 189.367,01 | 0,33% |
| Total DOLLAR DES ETATS-UNIS |  |  | 3.857.939,30 | 5.316.211,12 | 9,28% |
| Total Actions Cotées ou Négociées |  |  | 19.737.901,17 | 24.789.619,44 | 43,29% |
| Obligations |  |  |  |  |  |
| AUSTRALIA 2,75 15-211127 | 500.000 | AUD | 352.885,89 | 360.828,71 | 0,63% |
| AUSTRALIA 3,25 13-210425 | 600.000 | AUD | 417.622,72 | 426.799,95 | 0,75% |
| Total DOLLAR AUSTRALIEN |  |  | 770.508,61 | 787.628,66 | 1,38% |
| CANADA 1,00 16-010627 | 1.020.000 | CAD | 678.348,52 | 676.777,33 | 1,18% |
| Total DOLLAR CANADIEN |  |  | 678.348,52 | 676.777,33 | 1,18% |
| ABN AMRO BANK 0,875 19-150124 | 350.000 | EUR | 351.981,00 | 361.627,00 | 0,63% |
| ANZ BANKING GROUP FRN 19-211129 | 300.000 | EUR | 294.349,20 | 306.006,00 | 0,53% |
| AT&T INC. 1,05 18-050923 | 230.000 | EUR | 230.460,00 | 237.001,20 | 0,41% |

DPAM L BALANCED CONSERVATIVE SUSTAINABLE
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| ATLAS COPCO AB 0,625 16-300826 | 200.000 | EUR | 193.446,00 | 208.392,00 | 0,36% |
| --- | --- | --- | --- | --- | --- |
| BANCO BILBAO VIZCAYA FRN 20-160130 | 200.000 | EUR | 198.782,00 | 200.015,00 | 0,35% |
| BECTON DICKINSON 1,00 16-151222 | 125.000 | EUR | 125.155,62 | 127.246,88 | 0,22% |
| BELGIUM KINGDOM OLO 85 18-220628 | 300.000 | EUR | 301.819,50 | 330.588,00 | 0,58% |
| BELGIUM OLO 73 3,00 14-220634 | 140.000 | EUR | 202.102,60 | 200.638,90 | 0,35% |
| BELGIUM OLO 81 0,80 17-220627 | 520.000 | EUR | 569.995,60 | 568.110,40 | 0,99% |
| BMW FINANCE N.V. 1,25 14-050922 | 140.000 | EUR | 143.300,50 | 143.626,70 | 0,25% |
| BNP PARIBAS S.A. 2,375 15-170225 | 500.000 | EUR | 504.967,50 | 538.792,50 | 0,94% |
| BPCE S.A. 1,00 19-010425 | 300.000 | EUR | 300.180,00 | 312.232,50 | 0,55% |
| BPCE S.A. 1,125 17-180123 | 300.000 | EUR | 300.825,00 | 308.019,00 | 0,54% |
| BPOST S.A. 1,25 18-110726 | 400.000 | EUR | 388.496,00 | 429.264,00 | 0,75% |
| COFIROUTE 1,00 20-190531 | 100.000 | EUR | 99.845,00 | 108.100,00 | 0,19% |
| COOP RABOBANK 0,625 19-270224 | 200.000 | EUR | 199.608,00 | 204.896,00 | 0,36% |
| CRH FINANCE B.V. 1,875 15-090124 | 150.000 | EUR | 156.190,50 | 158.499,00 | 0,28% |
| DEUTSCHE TELEKOM A.G. 0,875 19-250326 | 300.000 | EUR | 302.433,00 | 315.652,50 | 0,55% |
| DEUTSCHLAND -INFLATION LINKED- 0,10 15-150426 | 250.000 | EUR | 285.762,57 | 286.137,35 | 0,50% |
| ECOLAB INC. 1,00 16-150124 | 450.000 | EUR | 451.154,25 | 464.721,75 | 0,81% |
| EDF 1,00 16-131026 | 300.000 | EUR | 291.069,00 | 318.153,00 | 0,56% |
| EDP FINANCE B.V. 1,875 18-131025 | 300.000 | EUR | 315.000,00 | 326.769,00 | 0,57% |
| ENEL FINANCE INTERNATIONAL 1,375 16-010626 | 500.000 | EUR | 478.957,50 | 537.872,50 | 0,94% |
| FLEMISH COMMUNITY 0,375 20-150430 | 300.000 | EUR | 305.400,00 | 315.330,00 | 0,55% |
| FRANCE OAT 0,25 15-251126 | 600.000 | EUR | 593.013,00 | 630.789,00 | 1,10% |
| FRANCE OAT 0,75 17-250528 | 580.000 | EUR | 628.220,10 | 635.804,70 | 1,11% |
| FRANCE OAT 0,75 17-251128 | 255.000 | EUR | 256.595,02 | 280.688,70 | 0,49% |
| FRANCE OAT 1,00 16-250527 | 300.000 | EUR | 336.555,00 | 331.024,50 | 0,58% |
| FRANCE OAT 2,10 08-250723 | 430.000 | EUR | 560.302,52 | 531.212,46 | 0,93% |
| FRANCE OAT -INFLATION LINKED- 0,10 19-010329 | 320.000 | EUR | 369.718,41 | 363.820,71 | 0,64% |
| GECINA 1,375 17-300627 | 200.000 | EUR | 195.157,00 | 218.362,00 | 0,38% |
| GERMANY 0,00 20-150230 | 400.000 | EUR | 417.672,00 | 422.596,00 | 0,74% |
| GERMANY 0,50 18-150228 | 240.000 | EUR | 256.485,39 | 261.034,80 | 0,46% |
| GERMANY 1,50 14-150524 | 135.000 | EUR | 147.888,45 | 145.490,17 | 0,25% |
| GERMANY -INFLATION LINKED- 0,10 12-150423 | 270.000 | EUR | 306.057,30 | 300.681,37 | 0,53% |
| GRAND CITY PROPERTIES S.A. FRN 15-170425 | 200.000 | EUR | 191.025,00 | 212.601,00 | 0,37% |
| HEINEKEN N.V. 1,25 20-070533 | 300.000 | EUR | 299.616,00 | 329.865,00 | 0,58% |
| IBERDROLA FINANZAS 1,00 17-070325 | 900.000 | EUR | 896.706,00 | 941.530,50 | 1,64% |
| IBERDROLA INTERNATIONAL B.V. 16-210426 | 500.000 | EUR | 493.962,50 | 532.492,50 | 0,93% |
| INTESA SAN PAOLO SpA 1,00 19-040724 | 120.000 | EUR | 119.826,00 | 123.827,40 | 0,22% |
| INTESA SAN PAOLO SpA 1,75 18-200328 | 300.000 | EUR | 265.311,00 | 325.677,00 | 0,57% |
| IRELAND 1,35 18-180331 | 370.000 | EUR | 429.997,40 | 434.095,10 | 0,76% |
| IRISH TREASURY 1,00 16-150526 | 1.000.000 | EUR | 1.030.040,00 | 1.086.895,00 | 1,90% |
| ITALY BTP 0,95 20-010830 | 220.000 | EUR | 229.792,20 | 230.100,20 | 0,40% |
| ITALY BTP 3,85 18-010949 | 400.000 | EUR | 608.654,00 | 632.806,00 | 1,11% |
| ITALY TREASURY BONDS 2,80 18-011228 | 520.000 | EUR | 614.821,80 | 621.361,00 | 1,09% |
| KBC GROUP FRN 17-241122 | 100.000 | EUR | 98.486,50 | 100.722,50 | 0,18% |
| KERRY GROUP FINANCE SER 0,625 19-200929 | 200.000 | EUR | 196.076,00 | 206.827,00 | 0,36% |
| LONZA FINANCE INTERNATIONAL 1,625 20-210427 | 200.000 | EUR | 203.548,00 | 219.279,00 | 0,38% |
| MERCK FRN 20-090980 | 200.000 | EUR | 200.750,00 | 205.070,00 | 0,36% |
| MORGAN STANLEY 1,75 16-110324 | 650.000 | EUR | 663.520,00 | 687.771,50 | 1,20% |
| NESTLE FINANCE INTERNATIONAL 0,375 20-120532 | 300.000 | EUR | 294.471,00 | 310.903,50 | 0,54% |
| NETHERLAND 0,25 19-150729 | 450.000 | EUR | 473.143,50 | 481.693,50 | 0,84% |
| NETHERLANDS GOVT 0,50 19-150140 | 150.000 | EUR | 167.157,00 | 172.395,75 | 0,30% |

DPAM L BALANCED CONSERVATIVE SUSTAINABLE
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| NETHERLANDS GOVT 0,75 18-150728 | 180.000 | EUR | 185.934,60 | 198.713,70 | 0,35% |
| --- | --- | --- | --- | --- | --- |
| NETHERLANDS GOVT 2,00 14-150724 | 180.000 | EUR | 201.090,60 | 197.595,00 | 0,35% |
| NN GROUP N.V. 0,875 17-130123 | 350.000 | EUR | 350.661,50 | 356.945,75 | 0,62% |
| PERNOD RICARD 2,125 14-270924 | 200.000 | EUR | 213.676,00 | 216.429,00 | 0,38% |
| PORTUGAL 2,125 18-171028 | 330.000 | EUR | 357.902,50 | 389.134,35 | 0,68% |
| PORTUGAL 2,25 18-180434 | 390.000 | EUR | 443.883,80 | 491.860,20 | 0,86% |
| PORTUGAL 2,875 16-210726 | 320.000 | EUR | 352.944,00 | 378.094,40 | 0,66% |
| PORTUGAL 4,125 17-140427 | 380.000 | EUR | 461.963,85 | 486.705,90 | 0,85% |
| SAP SE 1,375 18-130330 | 300.000 | EUR | 329.250,00 | 337.606,50 | 0,59% |
| SLOVENIA 0,275 20-140130 | 280.000 | EUR | 282.991,80 | 292.341,00 | 0,51% |
| SODEXHO 0,75 20-270425 | 300.000 | EUR | 298.887,00 | 310.485,00 | 0,54% |
| SOLVAY FINANCE 2,75 15-021227 | 100.000 | EUR | 108.246,00 | 117.319,00 | 0,20% |
| SPAIN KINGDOM 0,60 19-311029 | 375.000 | EUR | 393.945,00 | 397.295,62 | 0,69% |
| SPAIN KINGDOM 1,50 17-300427 | 685.000 | EUR | 705.186,12 | 764.912,10 | 1,34% |
| SPAIN KINGDOM 1,95 16-300426 | 500.000 | EUR | 532.042,50 | 563.465,00 | 0,98% |
| SPAIN KINGDOM -INFLATION LINKED- 1,00 15-301130 | 350.000 | EUR | 419.932,23 | 439.018,50 | 0,77% |
| SPAIN KINGDOM -INFLATION LINKED- 1,80 13-301124 | 200.000 | EUR | 236.907,01 | 236.226,48 | 0,41% |
| STATKRAFT A/S 1,125 17-200325 | 300.000 | EUR | 311.544,00 | 314.770,50 | 0,55% |
| STEDIN HLDG 0,50 19-141129 | 300.000 | EUR | 298.017,00 | 309.285,00 | 0,54% |
| SWISSCOM FINANCE B.V. 0,375 20-141128 | 100.000 | EUR | 99.127,00 | 103.314,50 | 0,18% |
| TAKEDA PHARMACEUTICAL 2,25 18-211126 | 310.000 | EUR | 344.180,50 | 349.215,00 | 0,61% |
| THERMO FISHER SCIENTIFIC 0,75 16-120924 | 450.000 | EUR | 436.020,75 | 463.702,50 | 0,81% |
| UNICREDIT SpA 1,00 18-180123 | 300.000 | EUR | 275.152,50 | 305.982,00 | 0,53% |
| VEOLIA ENVIRONNEMENT 0,927 16-040129 | 500.000 | EUR | 468.197,50 | 530.847,50 | 0,93% |
| Total EURO |  |  | 26.643.532,19 | 27.836.373,54 | 48,61% |
| NEW ZEALAND 4,50 14-150427 | 700.000 | NZD | 506.953,19 | 511.707,66 | 0,89% |
| Total DOLLAR NEO-ZÉLANDAIS |  |  | 506.953,19 | 511.707,66 | 0,89% |
| Total Obligations |  |  | 28.599.342,51 | 29.812.487,19 | 52,06% |
| Total Valeurs mobilières admises à la cote officielle d'une bourse de valeurs ou négociées sur un autre marché réglementé |  |  | 48.337.243,68 | 54.602.106,63 | 95,35% |
| Total du Portefeuille-Titres |  |  | 48.337.243,68 | 54.602.106,63 | 95,35% |

DPAM L BONDS CLIMATE TRENDS SUSTAINABLE
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| Valeurs mobilières admises à la cote officielle d'une bourse de |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- |
| valeurs ou négociées sur un autre marché réglementé |  |  |  |  |  |
| Obligations |  |  |  |  |  |
| CHILE 4,50 15-010326 | 500.000.000 | CLP | 710.677,80 | 668.780,44 | 0,41% |
| Total PESO CHILIEN |  |  | 710.677,80 | 668.780,44 | 0,41% |
| A2A SpA 1,00 19-160729 | 800.000 | EUR | 789.544,00 | 861.624,00 | 0,53% |
| ACTIVIDADES DE CONSTRUCCION Y SERVICIOS 1,875 18-200426 | 1.300.000 | EUR | 1.366.394,00 | 1.400.490,00 | 0,86% |
| ADIDAS A.G. 0,00 20-051028 | 600.000 | EUR | 596.460,00 | 605.130,00 | 0,37% |
| ADIF ALTA VELOCIDAD 0,95 19-300427 | 600.000 | EUR | 626.781,00 | 641.667,00 | 0,40% |
| ADIF ALTA VELOCIDAD 1,25 18-040526 | 600.000 | EUR | 639.060,00 | 647.796,00 | 0,40% |
| AIB GROUP PLC 2,875 20-300531 | 1.500.000 | EUR | 1.531.838,00 | 1.600.185,00 | 0,99% |
| ALLIANDER N.V. 0,875 16-220426 | 600.000 | EUR | 630.768,00 | 633.492,00 | 0,39% |
| ALLIANDER N.V. 0,875 19-240632 | 725.000 | EUR | 758.586,35 | 791.388,25 | 0,49% |
| ARKEMA 0,125 20-141026 | 500.000 | EUR | 497.320,00 | 505.497,50 | 0,31% |
| ASSICURAZIONI GENERALI 2,124 19-011030 | 1.900.000 | EUR | 1.958.766,00 | 2.024.972,50 | 1,25% |
| ASSICURAZIONI GENERALI 2,429 20-140731 | 1.000.000 | EUR | 1.001.590,00 | 1.097.850,00 | 0,68% |
| BANCO BILBAO VIZCAYA 1,00 19-210626 | 1.000.000 | EUR | 1.021.078,00 | 1.053.035,00 | 0,65% |
| BANCO BILBAO VIZCAYA 1,375 18-140525 | 900.000 | EUR | 947.590,00 | 956.781,00 | 0,59% |
| BANCO DE SABADELL FRN 20-110327 | 1.200.000 | EUR | 1.211.304,00 | 1.242.006,00 | 0,77% |
| BANCO SANTANDER S.A. 0,30 19-041026 | 900.000 | EUR | 904.410,00 | 918.846,00 | 0,57% |
| BANKINTER S.A. 0,625 20-061027 | 1.100.000 | EUR | 1.079.993,00 | 1.123.529,00 | 0,69% |
| BARCLAYS PLC 0,625 17-141123 | 1.500.000 | EUR | 1.498.712,00 | 1.517.835,00 | 0,93% |
| BELGIUM KINGDOM OLO 1,25 18-220433 | 2.100.000 | EUR | 2.400.654,68 | 2.493.351,00 | 1,54% |
| BFCM 0,10 20-081027 | 500.000 | EUR | 499.375,00 | 503.722,50 | 0,31% |
| BNP PARIBAS S.A. FRN 19-040626 | 1.000.000 | EUR | 998.060,00 | 1.019.210,00 | 0,63% |
| BNP PARIBAS S.A. FRN 20-141027 | 2.000.000 | EUR | 1.995.620,00 | 2.025.280,00 | 1,25% |
| CA-IMMOBILIEN ANLAGEN 1,0 20-271025 | 1.000.000 | EUR | 997.322,00 | 1.017.270,00 | 0,63% |
| CAIXABANK S.A.. FRN 20-181126 | 800.000 | EUR | 797.864,00 | 803.592,00 | 0,50% |
| CHANEL CERES 1,00 20-310731 | 600.000 | EUR | 596.400,00 | 618.825,00 | 0,38% |
| CHANEL CERES PLC 0,50 20-310726 | 500.000 | EUR | 498.630,00 | 507.895,00 | 0,31% |
| CHILE 0,83 19-020731 | 700.000 | EUR | 704.900,00 | 732.977,00 | 0,45% |
| CIE SAINT GOBAIN 0,625 19-150324 | 600.000 | EUR | 607.442,00 | 615.444,00 | 0,38% |
| CIE SAINT GOBAIN 1,875 19-150331 | 1.000.000 | EUR | 1.090.170,00 | 1.154.990,00 | 0,71% |
| CITYCON OYJ FRN 19-PERPETUAL | 800.000 | EUR | 713.500,00 | 802.408,00 | 0,49% |
| COFINIMMO -SICAFI- S.A. 0,875 20-021230 | 500.000 | EUR | 496.110,00 | 508.850,00 | 0,31% |
| COMMERZBANK FRN 20-240326 | 800.000 | EUR | 802.694,00 | 812.332,00 | 0,50% |
| COVIVIO 1,125 19-170931 | 1.000.000 | EUR | 997.112,00 | 1.028.975,00 | 0,63% |
| CPI PROPERTY 1,625 19-230427 | 1.000.000 | EUR | 975.747,50 | 1.028.730,00 | 0,63% |
| CTP B.V. 0,625 20-271123 | 900.000 | EUR | 898.506,00 | 907.591,50 | 0,56% |
| CTP B.V. 2,125 20-011025 | 2.050.000 | EUR | 2.058.514,50 | 2.171.237,00 | 1,34% |
| DAIMLER A.G. 0,75 20-100930 | 1.300.000 | EUR | 1.314.500,00 | 1.353.566,50 | 0,83% |
| DANONE 0,571 20-170327 | 800.000 | EUR | 807.802,00 | 835.092,00 | 0,51% |
| DANONE FRN 17-PERPETUAL | 1.300.000 | EUR | 1.317.504,00 | 1.339.143,00 | 0,82% |
| DIGITAL DUTCH FINCO 1,00 20-150132 | 1.000.000 | EUR | 996.536,00 | 1.037.375,00 | 0,64% |
| DONG ENERGY FRN 13-PERPETUAL | 500.000 | EUR | 597.150,00 | 568.157,50 | 0,35% |
| DRAX FINCO PLC 2,625 20-011125 | 500.000 | EUR | 500.000,00 | 515.342,50 | 0,32% |
| DS SMITH PLC 0,875 19-120926 | 1.000.000 | EUR | 993.788,00 | 1.021.435,00 | 0,63% |
| DS SMITH PLC 1,375 17-260724 | 500.000 | EUR | 503.190,00 | 518.432,50 | 0,32% |

DPAM L BONDS CLIMATE TRENDS SUSTAINABLE
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| EDF 4,125 12-250327 | 900.000 | EUR | 1.140.994,00 | 1.131.763,50 | 0,70% |
| --- | --- | --- | --- | --- | --- |
| ENBW FRN 19-050879 | 1.000.000 | EUR | 996.250,00 | 1.015.340,00 | 0,63% |
| ENEL FINANCE INTERNATIONAL 0,375 19-170627 | 700.000 | EUR | 701.123,00 | 714.756,00 | 0,44% |
| ENEL FINANCE INTERNATIONAL 1,125 18-160926 | 925.000 | EUR | 967.122,75 | 987.511,50 | 0,61% |
| ENERGIAS DE PORTUGAL 1,625 20-150427 | 700.000 | EUR | 740.243,00 | 763.483,00 | 0,47% |
| ENERGIAS DE PORTUGAL FRN 19-300479 | 1.100.000 | EUR | 1.218.547,00 | 1.211.017,50 | 0,75% |
| ENERGIAS DE PORTUGAL FRN 20-200780 | 700.000 | EUR | 687.202,00 | 699.681,50 | 0,43% |
| ENGIE S.A. FRN 20-PERPETUAL | 1.000.000 | EUR | 996.270,00 | 1.019.635,00 | 0,63% |
| ERG SpA 0,50 20-110927 | 1.000.000 | EUR | 1.001.075,00 | 1.011.045,00 | 0,62% |
| EUROFIMA 0,10 20-200530 | 1.100.000 | EUR | 1.114.142,00 | 1.122.896,50 | 0,69% |
| EUROPEAN INVESTMENT BANK 0,01 20-151135 | 700.000 | EUR | 701.925,00 | 715.606,50 | 0,44% |
| FERROVIE DELLO STAT 0,875 17-071223 | 550.000 | EUR | 554.840,00 | 564.564,00 | 0,35% |
| FERROVIE DELLO STAT 1,125 19-090726 | 1.000.000 | EUR | 999.670,00 | 1.054.645,00 | 0,65% |
| FLUVIUS SYSTEM 0,25 20-021230 | 800.000 | EUR | 799.368,00 | 811.828,00 | 0,50% |
| GERMANY 0,00 20-150830 | 1.000.000 | EUR | 1.047.170,00 | 1.060.525,00 | 0,65% |
| GLOBALWORTH REAL ESTATE 2,95 20-290726 | 1.500.000 | EUR | 1.465.410,00 | 1.580.835,00 | 0,97% |
| HERA SpA 0,875 19-050727 | 550.000 | EUR | 551.771,00 | 580.283,00 | 0,36% |
| HUNGARY 1,75 20-050635 | 1.400.000 | EUR | 1.421.274,00 | 1.553.230,00 | 0,96% |
| HYPO VORARLBERG 0,625 17-190922 | 300.000 | EUR | 303.750,00 | 303.147,00 | 0,19% |
| IBERDROLA FINANZAS 0,875 20-160625 | 800.000 | EUR | 810.917,00 | 833.604,00 | 0,51% |
| IBERDROLA FINANZAS 1,25 17-130927 | 900.000 | EUR | 972.863,00 | 981.301,50 | 0,60% |
| IBERDROLA INTER FRN 20-PERPETUAL | 1.000.000 | EUR | 1.000.000,00 | 1.031.860,00 | 0,64% |
| IBERDROLA INTERNATIONAL B.V. FRN 17-PERPETUAL | 1.000.000 | EUR | 1.023.238,00 | 1.028.190,00 | 0,63% |
| IBERDROLA INTERNATIONAL B.V. FRN 20-PERPETUAL | 800.000 | EUR | 800.000,00 | 841.744,00 | 0,52% |
| ICADE 1,50 17-130927 | 600.000 | EUR | 634.100,00 | 654.819,00 | 0,40% |
| INTESA SAN PAOLO SpA 0,75 19-041224 | 1.400.000 | EUR | 1.400.820,00 | 1.436.918,00 | 0,89% |
| IRELAND 1,35 18-180331 | 1.500.000 | EUR | 1.712.006,00 | 1.759.845,00 | 1,08% |
| IREN SpA 0,25 20-170131 | 1.000.000 | EUR | 990.300,00 | 988.910,00 | 0,61% |
| IREN SpA 0,875 19-141029 | 1.100.000 | EUR | 1.110.600,00 | 1.162.964,00 | 0,72% |
| IREN SpA 1,50 17-241027 | 850.000 | EUR | 866.487,40 | 926.729,50 | 0,57% |
| KBC GROUP FRN 20-160627 | 1.100.000 | EUR | 1.100.323,00 | 1.122.319,00 | 0,69% |
| KFW 0,00 20-150928 | 1.600.000 | EUR | 1.656.374,00 | 1.659.232,00 | 1,02% |
| KFW 0,50 18-280926 | 725.000 | EUR | 768.171,04 | 770.907,00 | 0,47% |
| KINGDOM OF MOROCCO 1,375 20-300326 | 2.500.000 | EUR | 2.494.390,00 | 2.524.637,50 | 1,56% |
| KONINKLIJKE DSM 0,25 20-230628 | 500.000 | EUR | 498.265,00 | 511.007,50 | 0,31% |
| KONINKLIJKE DSM 0,625 20-230632 | 1.100.000 | EUR | 1.099.519,00 | 1.148.191,00 | 0,71% |
| KONINKLIJKE DSM 0,75 16-280926 | 500.000 | EUR | 523.440,71 | 527.625,00 | 0,33% |
| LA BANQUE POSTALE 1,375 19-240429 | 700.000 | EUR | 734.906,00 | 767.273,50 | 0,47% |
| LA POSTE S.A. 1,45 18-301128 | 500.000 | EUR | 541.655,00 | 559.122,50 | 0,34% |
| LEASEPLAN CORP. 1,375 19-070324 | 925.000 | EUR | 943.188,75 | 964.705,63 | 0,59% |
| LEASEPLAN CORP. 3,50 20-090425 | 500.000 | EUR | 569.795,00 | 570.317,50 | 0,35% |
| LEGRAND S.A. 0,75 20-200530 | 800.000 | EUR | 812.020,00 | 849.128,00 | 0,52% |
| LEGRAND S.A. 1,875 17-060732 | 400.000 | EUR | 452.108,00 | 474.300,00 | 0,29% |
| MADRID 0,827 20-300727 | 1.100.000 | EUR | 1.118.161,10 | 1.168.634,50 | 0,72% |
| MEDIOBANCA 1,00 20-080927 | 1.500.000 | EUR | 1.521.844,00 | 1.555.312,50 | 0,96% |
| MITSUBISHI UFJ FINANCIAL 0,848 19-190729 | 500.000 | EUR | 500.000,00 | 530.400,00 | 0,33% |
| MUNICH RE 1,25 20-260541 | 1.300.000 | EUR | 1.287.035,00 | 1.351.928,50 | 0,83% |
| NATIONAL GRID 0,553 20-180929 | 500.000 | EUR | 500.000,00 | 513.430,00 | 0,32% |
| NATIONAL GRID N AM 1,00 17-120724 | 1.000.000 | EUR | 1.037.858,00 | 1.038.925,00 | 0,64% |
| NE PROPERTY B.V. 3,375 20-140727 | 1.000.000 | EUR | 1.000.299,00 | 1.087.370,00 | 0,67% |
| NETHERLANDS GOVT 0,50 19-150140 | 500.000 | EUR | 546.728,00 | 574.652,50 | 0,35% |

DPAM L BONDS CLIMATE TRENDS SUSTAINABLE
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| OI EUROPEAN GROUP 2,875 19-150225 | 2.000.000 | EUR | 2.023.293,00 | 2.036.460,00 | 1,25% |
| --- | --- | --- | --- | --- | --- |
| ORANGE 0,125 20-160929 | 500.000 | EUR | 496.170,00 | 504.337,50 | 0,31% |
| ORSTED A/SA.S. FRN 19-PERPETUAL | 500.000 | EUR | 495.395,00 | 514.135,00 | 0,32% |
| PAPREC HLDG S.A. 4,00 18-310325 | 1.200.000 | EUR | 1.181.437,50 | 1.202.634,00 | 0,74% |
| PROLOGIS EURO FINANCE 0,375 20-060228 | 600.000 | EUR | 586.841,50 | 614.703,00 | 0,38% |
| PROLOGIS INTERNATIONAL FUND 1,625 20-170632 | 600.000 | EUR | 615.847,50 | 678.864,00 | 0,42% |
| PROLOGIS INTERNATIONAL FUND 1,75 18-150328 | 700.000 | EUR | 755.397,99 | 784.304,50 | 0,48% |
| PROLOGIS INTERNATIONAL FUND 2,375 18-141130 | 600.000 | EUR | 683.274,00 | 724.029,00 | 0,45% |
| RED ELECTRICA FINANCE 0,375 20-240728 | 900.000 | EUR | 908.087,00 | 928.296,00 | 0,57% |
| ROYAL PHILIPS 0,50 19-220526 | 800.000 | EUR | 816.353,00 | 826.364,00 | 0,51% |
| ROYAL SCHIPHOL GROUP 0,875 20-080932 | 500.000 | EUR | 495.765,00 | 526.932,50 | 0,32% |
| SATO OYJ 1,375 20-240228 | 1.200.000 | EUR | 1.200.624,00 | 1.233.678,00 | 0,76% |
| SCHNEIDER ELECTRIC 1,00 20-090427 | 1.200.000 | EUR | 1.254.368,99 | 1.283.316,00 | 0,79% |
| SCHNEIDER ELECTRICCV 0,00 20-150626 | 3.870 | EUR | 735.845,70 | 740.901,83 | 0,46% |
| SIEMENS FINANCE 0,50 19-050934 | 700.000 | EUR | 696.681,00 | 736.918,00 | 0,45% |
| SIGNIFY N.V. 2,375 20-110527 | 1.000.000 | EUR | 1.043.500,00 | 1.109.465,00 | 0,68% |
| SNCF RESEAU 1,00 16-091131 | 600.000 | EUR | 639.570,00 | 666.621,00 | 0,41% |
| SOCIETE GENERALE 0,875 20-220928 | 1.500.000 | EUR | 1.512.681,80 | 1.549.365,00 | 0,95% |
| SOLVAY FINANCE FRN 13-PERPETUAL | 900.000 | EUR | 1.027.128,00 | 999.711,00 | 0,62% |
| SOLVAY FINANCE FRN 15-PERPETUAL | 500.000 | EUR | 573.650,00 | 572.782,50 | 0,35% |
| SOLVAY FRN 20-PERPETUAL | 1.100.000 | EUR | 1.099.138,00 | 1.132.219,00 | 0,70% |
| SOLVAY S.A. 0,5 19-060929 | 800.000 | EUR | 791.644,00 | 816.836,00 | 0,50% |
| SPAREBANK VEST BOLIGKR 0,01 20-280627 | 500.000 | EUR | 505.825,00 | 511.417,50 | 0,32% |
| SSE PLC 1,75 20-160430 | 1.000.000 | EUR | 1.084.610,00 | 1.121.725,00 | 0,69% |
| SSE PLC FRN 20-PERPETUAL | 600.000 | EUR | 624.250,20 | 639.858,00 | 0,39% |
| STEDIN HLDG 0,50 19-141129 | 900.000 | EUR | 901.534,00 | 927.855,00 | 0,57% |
| STORA ENSO OYJ 0,625 20-021230 | 300.000 | EUR | 297.633,00 | 305.475,00 | 0,19% |
| SVENSKA HANDELSBANKEN 0,01 20-021227 | 1.000.000 | EUR | 999.580,00 | 999.775,00 | 0,62% |
| SWISSCOM FINANCE B.V. 0,375 20-141128 | 1.100.000 | EUR | 1.116.187,00 | 1.136.459,50 | 0,70% |
| SYMRISE 1,375 20-010727 | 1.100.000 | EUR | 1.126.571,00 | 1.161.325,00 | 0,72% |
| TELEFONICA EUROPE FRN 20-PERPETUAL | 1.400.000 | EUR | 1.397.988,00 | 1.432.522,00 | 0,88% |
| TELIA CO FRN 20-110581 | 800.000 | EUR | 792.800,00 | 813.232,00 | 0,50% |
| TENNET HLDG 0,125 20-301132 | 900.000 | EUR | 893.169,00 | 896.058,00 | 0,55% |
| TENNET HLDG FRN 20-PERPETUAL | 950.000 | EUR | 952.190,00 | 991.947,25 | 0,61% |
| TERNA SpA 0,75 20-240732 | 750.000 | EUR | 747.172,50 | 792.033,75 | 0,49% |
| TERNA SpA 1,00 19-100426 | 425.000 | EUR | 440.393,50 | 448.921,12 | 0,28% |
| TORNATOR OYJ 1,25 20-141026 | 800.000 | EUR | 799.312,00 | 823.832,00 | 0,51% |
| UMICORE S.A. 0,00 20-230625 | 1.800.000 | EUR | 1.764.440,00 | 1.817.361,00 | 1,12% |
| UNIPOL GRUPPO FINANZIARO SpA 3,25 20-230930 | 600.000 | EUR | 615.276,00 | 636.672,00 | 0,39% |
| UNIPOL GRUPPO FINANZIARO SpA 3,25 20-230930 | 2.000.000 | EUR | 1.995.120,00 | 2.114.740,00 | 1,30% |
| UPM-KYMMENE 0,125 20-191128 | 1.000.000 | EUR | 992.672,00 | 997.455,00 | 0,61% |
| VATTENFALL AB 0,05 20-151025 | 800.000 | EUR | 802.763,00 | 805.976,00 | 0,50% |
| VATTENFALL FRN 15-190377 | 1.300.000 | EUR | 1.379.400,00 | 1.404.793,00 | 0,87% |
| VEOLIA ENVIRONNEMENT FRN 20-PERPETUAL | 700.000 | EUR | 700.000,00 | 714.668,50 | 0,44% |
| VEOLIA ENVIRONNEMENT FRN 20-PERPETUAL | 1.500.000 | EUR | 1.500.000,00 | 1.519.987,50 | 0,94% |
| VF CORP. 0,25 20-250228 | 1.400.000 | EUR | 1.378.785,00 | 1.416.611,00 | 0,87% |
| VINCI S.A. 0,00 20-271128 | 300.000 | EUR | 301.419,00 | 300.868,50 | 0,19% |
| VODAFONE GROUP 0,90 19-241126 | 1.025.000 | EUR | 1.060.525,10 | 1.080.493,50 | 0,67% |
| VOLVO CAR AB 2,50 20-071027 | 1.500.000 | EUR | 1.502.100,00 | 1.588.537,50 | 0,98% |
| Total EURO |  |  | 136.959.253,06 | 140.964.917,83 | 86,83% |

DPAM L BONDS CLIMATE TRENDS SUSTAINABLE
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| BARCLAYS FRN 20-031126 | 1.000.000 | GBP | 1.105.752,46 | 1.154.938,00 | 0,71% |
| --- | --- | --- | --- | --- | --- |
| ENEL FINANCE INTERNATIONAL 1,00 20-201027 | 500.000 | GBP | 551.484,49 | 567.531,56 | 0,35% |
| SIEMENS FINANCE 0,875 20-050623 | 700.000 | GBP | 776.634,20 | 793.683,95 | 0,49% |
| Total LIVRE STERLING |  |  | 2.433.871,15 | 2.516.153,51 | 1,55% |
| KFW 1,25 19-280823 | 15.000.000 | NOK | 1.435.263,90 | 1.457.545,82 | 0,90% |
| Total COURONNE NORVÉGIENNE |  |  | 1.435.263,90 | 1.457.545,82 | 0,90% |
| PERU 8,20 06-120826. | 2.000.000 | PEN | 664.694,60 | 613.599,34 | 0,38% |
| Total NOUVEAU SOL PÉRUVIEN |  |  | 664.694,60 | 613.599,34 | 0,38% |
| SWEDEN 0,125 20-090930 | 16.000.000 | SEK | 1.569.747,26 | 1.616.066,08 | 1,00% |
| Total COURONNE SUÉDOISE |  |  | 1.569.747,26 | 1.616.066,08 | 1,00% |
| BANCO NACIONAL 4,75 17-090524 | 1.300.000 | USD | 1.215.731,41 | 1.159.677,99 | 0,71% |
| EDP FINANCE B.V. 1,71 20-240128 | 1.500.000 | USD | 1.269.870,85 | 1.233.449,80 | 0,76% |
| ING GROUP N.V. 4,625 18-060126 | 1.300.000 | USD | 1.262.941,58 | 1.248.814,92 | 0,77% |
| JOHNSON CONTROLS 1,75 20-150930 | 1.000.000 | USD | 845.359,34 | 834.530,67 | 0,51% |
| MOROCCO 2,375 20-151227 | 1.500.000 | USD | 1.235.353,12 | 1.231.298,27 | 0,76% |
| MOROCCO 5,50 12-111242 | 800.000 | USD | 814.889,31 | 818.304,11 | 0,50% |
| VERIZON COMMUNICATIONS INC. 3,875 19-080229 | 700.000 | USD | 683.726,51 | 672.112,71 | 0,41% |
| XYLEM INC. 1,95 20-300128 | 1.100.000 | USD | 992.107,55 | 947.152,55 | 0,58% |
| Total DOLLAR DES ETATS-UNIS |  |  | 8.319.979,67 | 8.145.341,02 | 5,02% |
| Total Obligations |  |  | 152.093.487,44 | 155.982.404,04 | 96,08% |
| Total Valeurs mobilières admises à la cote officielle d'une bourse de valeurs ou négociées sur un autre marché réglementé |  |  | 152.093.487,44 | 155.982.404,04 | 96,08% |
| Total du Portefeuille-Titres |  |  | 152.093.487,44 | 155.982.404,04 | 96,08% |

DPAM L BONDS GOVERNMENT SUSTAINABLE
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| Valeurs mobilières admises à la cote officielle d'une bourse de |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- |
| valeurs ou négociées sur un autre marché réglementé |  |  |  |  |  |
| Obligations |  |  |  |  |  |
| AUSTRALIA 1,00 20-211131 | 1.000.000 | AUD | 614.230,73 | 626.866,80 | 0,72% |
| AUSTRALIA 2,75 15-211127 | 8.000.000 | AUD | 5.562.531,86 | 5.773.259,34 | 6,64% |
| AUSTRALIA 3,00 16-210347 | 550.000 | AUD | 434.558,75 | 426.274,28 | 0,49% |
| AUSTRALIA 2,75 18-210541 | 750.000 | AUD | 547.910,81 | 555.570,44 | 0,64% |
| AUSTRALIA -INFLATION LINKED- 2,50 10-200930 | 900.000 | AUD | 884.777,98 | 922.692,99 | 1,06% |
| Total DOLLAR AUSTRALIEN |  |  | 8.044.010,13 | 8.304.663,85 | 9,55% |
| CANADA 1,00 16-010627 | 10.000.000 | CAD | 6.731.418,08 | 6.635.071,85 | 7,63% |
| CANADA 3,50 11-011245 | 950.000 | CAD | 945.664,71 | 920.755,87 | 1,06% |
| CANADIAN GOVT 1,25 19-010630 | 500.000 | CAD | 336.849,90 | 337.543,30 | 0,39% |
| Total DOLLAR CANADIEN |  |  | 8.013.932,69 | 7.893.371,02 | 9,08% |
| SWISS CONFEDERATION 0,50 15-270530 | 2.500.000 | CHF | 2.610.196,15 | 2.552.967,96 | 2,94% |
| Total FRANC SUISSE |  |  | 2.610.196,15 | 2.552.967,96 | 2,94% |
| DENMARK KINGDOM 0,50 18-151129 | 32.000.000 | DKK | 4.631.045,69 | 4.672.822,42 | 5,37% |
| DENMARK KINGDOM -INFLATION LINKED- 0,10 11-151123 | 1.200.000 | DKK | 184.490,29 | 181.580,61 | 0,21% |
| DENMARK KINGDOM -INFLATION LINKED- 0,10 18-151130 | 1.300.000 | DKK | 211.279,63 | 206.888,41 | 0,24% |
| Total COURONNE DANOISE |  |  | 5.026.815,61 | 5.061.291,44 | 5,82% |
| AUSTRIA 0,75 18-200228 | 600.000 | EUR | 643.500,00 | 657.882,00 | 0,76% |
| AUSTRIA 2,40 13-230534 | 2.500.000 | EUR | 3.308.850,00 | 3.410.750,00 | 3,92% |
| BELGIUM KINGDOM OLO 88 1,7 19-22062050 | 600.000 | EUR | 758.377,00 | 831.453,00 | 0,96% |
| BELGIUM OLO 87 0,90 19-220629 | 2.250.000 | EUR | 2.486.900,00 | 2.513.317,50 | 2,89% |
| DEUTSCHLAND -INFLATION LINKED- 0,10 15-150426 | 5.300.000 | EUR | 6.135.333,03 | 6.066.111,69 | 6,98% |
| EXPORT DEVELOPMENT 0,00 20-270125 | 400.000 | EUR | 406.140,00 | 407.380,00 | 0,47% |
| FINLAND 1,125 18-150434 | 2.500.000 | EUR | 2.869.745,83 | 2.965.712,50 | 3,41% |
| FRANCE OAT 1,50 18-250550 | 250.000 | EUR | 333.877,50 | 333.308,75 | 0,38% |
| FRANCE OAT -INFLATION LINKED- 0,10 19-010329 | 750.000 | EUR | 827.850,54 | 852.704,79 | 0,98% |
| IRELAND 1,35 18-180331 | 5.500.000 | EUR | 6.303.112,50 | 6.452.765,00 | 7,42% |
| KFW 0,625 17-220227 | 1.600.000 | EUR | 1.699.374,85 | 1.718.048,00 | 1,98% |
| KFW 1,25 16-040736 | 2.800.000 | EUR | 3.303.831,75 | 3.385.200,00 | 3,89% |
| NETHERLANDS GOVT 0,50 19-150140 | 200.000 | EUR | 225.429,00 | 229.861,00 | 0,26% |
| REPUBLIKA SLOVENIJA 1,25 17-220327 | 6.000.000 | EUR | 6.568.790,77 | 6.616.860,00 | 7,61% |
| REPUBLIKA SLOVENIJA 1,50 15-250335 | 550.000 | EUR | 637.545,00 | 665.808,00 | 0,77% |
| SLOVENIA 0,488 20-201050 | 150.000 | EUR | 149.770,50 | 158.428,50 | 0,18% |
| Total EURO |  |  | 36.658.428,27 | 37.265.590,73 | 42,86% |
| UK TREASURY 1,25 17-220727 | 3.000.000 | GBP | 3.732.659,02 | 3.622.422,08 | 4,17% |
| UK TREASURY 3,50 14-220145 | 1.000.000 | GBP | 1.823.423,21 | 1.800.798,80 | 2,07% |
| Total LIVRE STERLING |  |  | 5.556.082,23 | 5.423.220,88 | 6,24% |

DPAM L BONDS GOVERNMENT SUSTAINABLE
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| JAPAN 0,10 19-200929 | 300.000.000 | JPY | 2.518.725,32 | 2.401.440,09 | 2,76% |
| --- | --- | --- | --- | --- | --- |
| JAPAN -INFLATION LINKED- 0,10 19-100329 | 148.800.000 | JPY | 1.272.459,10 | 1.183.168,81 | 1,36% |
| Total YEN JAPONAIS |  |  | 3.791.184,42 | 3.584.608,90 | 4,12% |
| NORWAY 2,00 18-260428 | 20.000.000 | NOK | 2.102.033,02 | 2.067.497,13 | 2,38% |
| Total COURONNE NORVÉGIENNE |  |  | 2.102.033,02 | 2.067.497,13 | 2,38% |
| NEW ZEALAND 1,50 19-150531 | 1.000.000 | NZD | 555.677,47 | 618.088,74 | 0,71% |
| NEW ZEALAND 1,75 20-150541 | 600.000 | NZD | 354.445,18 | 348.458,28 | 0,40% |
| NEW ZEALAND 4,50 14-150427 | 8.000.000 | NZD | 5.752.555,61 | 5.848.087,56 | 6,73% |
| NEW ZEALAND -INFLATION LINKED- 2,00 12-200925 | 300.000 | NZD | 217.291,66 | 219.486,88 | 0,25% |
| Total DOLLAR NEO-ZÉLANDAIS |  |  | 6.879.969,92 | 7.034.121,46 | 8,09% |
| SWEDEN 0,125 19-120531 | 5.000.000 | SEK | 494.479,76 | 502.883,52 | 0,58% |
| SWEDEN 1,00 14-121126 | 45.000.000 | SEK | 4.599.831,21 | 4.801.679,36 | 5,52% |
| SWEDEN -INFLATION LINKED- 0,125 17-011227 | 8.300.000 | SEK | 964.133,11 | 982.271,98 | 1,13% |
| SWEDEN -INFLATION LINKED- 0,25 11-010622 | 1.300.000 | SEK | 139.716,24 | 142.549,14 | 0,16% |
| Total COURONNE SUÉDOISE |  |  | 6.198.160,32 | 6.429.384,00 | 7,40% |
| Total Obligations |  |  | 84.880.812,76 | 85.616.717,37 | 98,48% |
| Total Valeurs mobilières admises à la cote officielle d'une bourse de valeurs ou négociées sur un autre marché réglementé |  |  | 84.880.812,76 | 85.616.717,37 | 98,48% |
| Total du Portefeuille-Titres |  |  | 84.880.812,76 | 85.616.717,37 | 98,48% |

DPAM L CONVERTIBLE WORLD SUSTAINABLE
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| Valeurs mobilières admises à la cote officielle d'une bourse de |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- |
| valeurs ou négociées sur un autre marché réglementé |  |  |  |  |  |
| Actions Cotées ou Négociées |  |  |  |  |  |
| ENDEAVOUR MINING CORP. | 11.000 | CAD | 210.624,15 | 209.019,76 | 0,72% |
| Total DOLLAR CANADIEN |  |  | 210.624,15 | 209.019,76 | 0,72% |
| KORIAN S.A. | 10.000 | EUR | 291.733,34 | 313.400,00 | 1,09% |
| Total EURO |  |  | 291.733,34 | 313.400,00 | 1,09% |
| Total Actions Cotées ou Négociées |  |  | 502.357,49 | 522.419,76 | 1,81% |
| Obligations |  |  |  |  |  |
| FLIGHT CENTRE TRAVEL 2,50 20-171127 | 400.000 | AUD | 264.993,64 | 283.171,04 | 0,98% |
| Total DOLLAR AUSTRALIEN |  |  | 264.993,64 | 283.171,04 | 0,98% |
| SIKA A.G. CONV 0,15 18-050625 | 360.000 | CHF | 436.694,54 | 450.729,79 | 1,56% |
| Total FRANC SUISSE |  |  | 436.694,54 | 450.729,79 | 1,56% |
| ACCOR CV 0,70 20-071227 | 17.398 | EUR | 920.591,76 | 910.411,24 | 3,15% |
| ADIDAS A.G. 0,05 18-120923 | 200.000 | EUR | 245.800,00 | 252.525,00 | 0,87% |
| AIR FRANCE KLM 0,125 19-250326 | 7.000 | EUR | 87.500,00 | 101.661,00 | 0,35% |
| AKKA TECHNOLOGIES 3,5 19-PERPETUAL | 200.000 | EUR | 158.500,00 | 156.124,00 | 0,54% |
| AMADEUS IT GROUP CONV 1,50 20-090425 | 300.000 | EUR | 402.830,00 | 419.926,50 | 1,45% |
| ATOS SE 0,00 19-061124 | 100.000 | EUR | 127.000,00 | 132.486,00 | 0,46% |
| DELIVERY HERO 0,875 20-150725 | 200.000 | EUR | 217.700,00 | 226.919,00 | 0,79% |
| DELIVERY HERO SE 0,25 20-230124 | 200.000 | EUR | 244.000,00 | 281.955,00 | 0,98% |
| DEUTSCHE LUFTHANSA 2,00 20-171125 | 800.000 | EUR | 900.816,00 | 935.592,00 | 3,24% |
| EDF 0,00 20-140924 | 55.000 | EUR | 803.920,00 | 864.242,50 | 2,99% |
| HELLOFRESH SE CV 0,75 20-130525 | 100.000 | EUR | 125.250,00 | 146.003,50 | 0,51% |
| IBERDROLA INTERNATIONAL B.V. 0,00 15-11112 | 100.000 | EUR | 124.750,00 | 138.257,50 | 0,48% |
| JUST EAT TAKEAWAY 1,25 20-300426 | 200.000 | EUR | 235.500,00 | 224.429,00 | 0,78% |
| ORPEA S.A. 0,375 19-170527 | 1.200 | EUR | 176.160,00 | 178.201,20 | 0,62% |
| RAG-STIFTUNG CV 0,00 20-170626 | 200.000 | EUR | 203.688,00 | 226.017,00 | 0,78% |
| SYMRISE 0,238 17-200624 | 100.000 | EUR | 126.500,00 | 127.189,00 | 0,44% |
| TAG IMMOBILIEN A.G. 0,625 20-270826 | 100.000 | EUR | 106.890,00 | 103.991,00 | 0,36% |
| TAKEWAY.COM 2,25 19-250124 | 400.000 | EUR | 567.850,00 | 582.124,00 | 2,02% |
| ZALANDO SE 0,05 20-060825 | 400.000 | EUR | 488.846,90 | 513.086,00 | 1,78% |
| Total EURO |  |  | 6.264.092,66 | 6.521.140,44 | 22,59% |
| CHINA CONCH VENTURE 0,00 18-050923 | 2.000.000 | HKD | 250.270,67 | 244.785,37 | 0,85% |
| CHINA EDUCATION CONVERTIBLE 2,00 19-280324 | 4.000.000 | HKD | 505.895,61 | 512.548,95 | 1,78% |
| HARVEST INTERNAT CONVERTIBLE 0,0 17-211122 | 2.000.000 | HKD | 247.972,77 | 343.373,47 | 1,19% |
| KINGSOFT CORP. CV 0,625 20-290425 | 2.000.000 | HKD | 293.582,04 | 343.642,26 | 1,19% |
| Total DOLLAR DE HONG-KONG |  |  | 1.297.721,09 | 1.444.350,05 | 5,00% |

DPAM L CONVERTIBLE WORLD SUSTAINABLE
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| KANSAI PAINT CV 0,00 16-170622 | 40.000.000 | JPY | 350.105,89 | 351.919,59 | 1,22% |
| --- | --- | --- | --- | --- | --- |
| MITSUMI ELECTRIC CV 0,00 15-030822 | 50.000.000 | JPY | 474.584,10 | 455.027,07 | 1,58% |
| NAGOYA RAILROAD 0,00 14-111224 | 40.000.000 | JPY | 355.033,03 | 340.061,33 | 1,18% |
| SBI HOLDINGS INC CV 0,00 20-250725 | 70.000.000 | JPY | 644.979,60 | 609.619,84 | 2,11% |
| TEIJIN LTD CONVERTIBLE 0,00 14-101221 | 30.000.000 | JPY | 264.604,16 | 260.372,71 | 0,90% |
| Total YEN JAPONAIS |  |  | 2.089.306,78 | 2.017.000,54 | 6,99% |
| SINGAPORE AIRLINES 1,625 20-031225 | 750.000 | SGD | 478.194,88 | 505.372,27 | 1,75% |
| Total DOLLAR DE SINGAPOUR |  |  | 478.194,88 | 505.372,27 | 1,75% |
| AKAMAI 0 3/8 09/01/27 (CONV.) | 110.000 | USD | 103.010,29 | 100.259,53 | 0,35% |
| AKAMAI TECHNO CONVERTIBLE 0,125 18-010525 | 700.000 | USD | 713.207,82 | 708.653,10 | 2,45% |
| AMERICAN AIRLINES 6,50 20-010725 | 200.000 | USD | 186.969,08 | 206.144,42 | 0,71% |
| BIOMARIN PHARMACEUTICAL CONVERTIBLE 0,599 17-010824 | 100.000 | USD | 88.610,83 | 88.092,03 | 0,31% |
| BIOMARIN PHARMACEUTICAL CONVERTIBLE 1,25 20-150527 | 50.000 | USD | 41.471,94 | 42.700,13 | 0,15% |
| BOOKING HLDG CONVERTIBLE 0,75 20-010525 | 300.000 | USD | 350.479,77 | 358.558,29 | 1,24% |
| BURLINGTON STOR CONVERTIBLE 2,25 20-150425 | 150.000 | USD | 151.066,80 | 170.584,78 | 0,59% |
| CHEGG INC. CONVERTIBLE 0,00 20-010926 | 150.000 | USD | 133.696,38 | 137.461,08 | 0,48% |
| COUPA SOFTWARE CONVERTIBLE 0,375 20-150626 | 50.000 | USD | 50.396,74 | 55.064,57 | 0,19% |
| CYBERARK SOFTWARE 0,00 19-151124 | 150.000 | USD | 126.427,36 | 149.308,57 | 0,52% |
| DATADOG INC. CONVERTIBLE 0,125 20-150625 | 580.000 | USD | 627.160,86 | 622.996,94 | 2,16% |
| DEXCOM INC. CONVERTIBLE 0,25 15-151125 | 110.000 | USD | 93.126,12 | 90.732,58 | 0,31% |
| EVERBRDG 0,125 19-151224 | 100.000 | USD | 100.271,75 | 121.029,38 | 0,42% |
| FTI CONSULTING CV 2,00 19-150823 | 600.000 | USD | 614.176,06 | 615.939,69 | 2,13% |
| GUARDANT HEALTH CV 0,00 20-151127 | 200.000 | USD | 169.813,72 | 191.296,64 | 0,66% |
| ILLUMINA CV 0,00 18-150823 | 500.000 | USD | 452.395,05 | 459.617,51 | 1,59% |
| ILLUMINA INC. CV 0,50 14-150621 | 400.000 | USD | 449.993,82 | 477.825,99 | 1,66% |
| INSULET CORP. CONVERTIBLE 0,375 20-010926 | 300.000 | USD | 334.592,22 | 326.633,57 | 1,13% |
| JAZZ PHARMACEUTICALS 2 06/15/26 (CONV.) | 800.000 | USD | 824.984,17 | 857.396,91 | 2,97% |
| JP MORGAN CHASE CONVERTIBLE 0,125 20-010123 | 800.000 | USD | 819.175,77 | 752.969,64 | 2,61% |
| MONGO -DEUTSCHE BANK INC. CONVERTIBLE 0,25 20-150126 | 300.000 | USD | 384.052,38 | 443.110,22 | 1,53% |
| NICE LTD CONVERTIBLE 0,00 20-150925 | 100.000 | USD | 88.197,97 | 92.433,08 | 0,32% |
| OKTA INC. CV 0,375 20-150626 | 400.000 | USD | 410.567,37 | 420.198,60 | 1,46% |
| ON SEMICONDUCTOR 1,625 17-151023 | 150.000 | USD | 188.900,47 | 207.513,79 | 0,72% |
| PALO ALTO CV 0,75 18-010723 | 200.000 | USD | 206.719,44 | 231.505,87 | 0,80% |
| PALO ALTO NETWORKS 0,375 20-010625 | 70.000 | USD | 62.746,69 | 75.836,05 | 0,26% |
| PINDUODUO CV 0,00 20-011225 | 200.000 | USD | 186.522,76 | 202.255,73 | 0,70% |
| PIONEER NATURAL CONVERTIBLE 0,25 20-150525 | 400.000 | USD | 388.504,79 | 432.459,65 | 1,50% |
| QIAGEN N.V. 1,00 18-131124 | 800.000 | USD | 815.364,73 | 832.273,31 | 2,88% |
| SOUTHWEST AIR CONVERTIBLE 1,25 20-010525 | 750.000 | USD | 924.263,86 | 894.501,65 | 3,10% |
| SPLUNK INC. CONVERTIBLE 1,125 20-150627 | 150.000 | USD | 140.970,73 | 128.026,24 | 0,44% |
| STMICROELECTRONICS 0,00 20-040825 | 1.200.000 | USD | 1.240.895,71 | 1.193.100,40 | 4,13% |
| TELADOC HEALTH CONVERTIBLE 1,25 20-010627 | 460.000 | USD | 451.866,49 | 448.570,96 | 1,55% |
| UNDER ARMOUR CONVERTIBLE 1,50 20-010624 | 240.000 | USD | 323.251,99 | 324.119,16 | 1,12% |
| VIAVI SOLUTIONS CONVERTIBLE 1,00 18-010324 | 500.000 | USD | 509.293,55 | 527.785,95 | 1,83% |
| VIVA BIOTECH CONVERTIBLE 1,00 20-301225 | 200.000 | USD | 163.766,64 | 169.259,12 | 0,59% |
| WIX.COM CONVERTIBLE 0,00 20-150825 | 150.000 | USD | 131.407,35 | 122.849,70 | 0,43% |
| XERO INVESTMENTS CV 0,00 20-021225 | 200.000 | USD | 168.877,66 | 178.271,42 | 0,62% |
| XIAOMI BEST TIME CV 0,00 20-171227 | 400.000 | USD | 355.952,62 | 422.943,08 | 1,47% |
| YANDEX N.V. CV 0,75 20-030325 | 400.000 | USD | 427.237,19 | 423.464,51 | 1,47% |

DPAM L CONVERTIBLE WORLD SUSTAINABLE
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| ZENDESK INC. CONVERTIBLE 0,625 20-150625 | 60.000 | USD | 68.796,18 | 72.075,52 | 0,25% |
| --- | --- | --- | --- | --- | --- |
| ZILLOW GROUP CONVERTIBLE 1,50 18-010723 | 80.000 | USD | 91.271,71 | 111.555,72 | 0,39% |
| ZSCALER INC. CONVERTIBLE 0,125 20-010725 | 150.000 | USD | 149.998,51 | 182.752,23 | 0,63% |
| ZYNGA CV 0,25 20-010624 | 570.000 | USD | 598.368,01 | 623.317,39 | 2,16% |
| Total DOLLAR DES ETATS-UNIS |  |  | 14.908.821,35 | 15.293.444,70 | 52,98% |
| SAPPI SOUTH AFRICA 5,25 20-261125 | 400 | ZAR | 250.022,01 | 261.658,26 | 0,91% |
| Total RAND SUD-AFRICAIN |  |  | 250.022,01 | 261.658,26 | 0,91% |
| Total Obligations |  |  | 25.989.846,95 | 26.776.867,09 | 92,76% |
| Total Valeurs mobilières admises à la cote officielle d'une bourse de valeurs ou négociées sur un autre marché réglementé |  |  | 26.492.204,44 | 27.299.286,85 | 94,57% |
| Options |  |  |  |  |  |
| CALL BNP PARIBAS SA MARS 21 ST 44 | 150 | EUR | 47.250,00 | 39.750,00 | 0,14% |
| CALL DJ EURO STOXX 50 WK JANVIER 21 ST 3625 | 40 | EUR | 15.800,00 | 13.240,00 | 0,05% |
| CALL VINCI SA JUIN 21 ST 88 | 20 | EUR | 9.600,00 | 8.880,00 | 0,03% |
| CALL VINCI SA MARS 21 ST 88 | 30 | EUR | 13.810,00 | 8.700,00 | 0,03% |
| Total EURO |  |  | 86.460,00 | 70.570,00 | 0,24% |
| CALL FTSE 100 JANVIER 21 ST 6700 | 20 | GBP | 13.445,75 | 5.250,81 | 0,02% |
| Total LIVRE STERLING |  |  | 13.445,75 | 5.250,81 | 0,02% |
| Total Options |  |  | 99.905,75 | 75.820,81 | 0,26% |
| Total du Portefeuille-Titres |  |  | 26.592.110,19 | 27.375.107,66 | 94,83% |

(Content)
| DPAM L BONDS EUR QUALITY SUSTAINABLE | %  DE L ' ACTIF NET |
| --- | --- |

| FRANCE | 21,38 % |
| --- | --- |
| ÉTATS-UNIS | 16,79 % |
| PAYS-BAS | 15,57 % |
| ITALIE | 6,78 % |
| ROYAUME-UNI | 5,78 % |
| ALLEMAGNE | 5,31 % |
| BELGIQUE | 5,21 % |
| LUXEMBOURG | 4,94 % |
| ESPAGNE | 4,75 % |
| MEXIQUE | 2,03 % |
| SUÈDE | 1,82 % |
| JAPON | 1,81 % |
| IRLANDE | 1,62 % |
| FINLANDE | 1,03 % |
| AUTRICHE | 0,79 % |
| AUSTRALIE | 0,57 % |
| NORVÈGE | 0,47 % |
| DANEMARK | 0,42 % |
| CANADA | 0,38 % |
| SUISSE | 0,36 % |
| GUERNESEY | 0,29 % |
| JERSEY | 0,07 % |
| Total du Portefeuille-Titres | 98,17 % |

(Content)
| DPAM L BONDS UNIVERSALIS UNCONSTRAINED | %  DE L ' ACTIF NET |
| --- | --- |

| ÉTATS-UNIS | 24,59 % |
| --- | --- |
| ESPAGNE | 8,02 % |
| FRANCE | 7,53 % |
| ALLEMAGNE | 6,88 % |
| MEXIQUE | 6,38 % |
| PAYS-BAS | 5,42 % |
| AUSTRALIE | 4,68 % |
| PORTUGAL | 4,62 % |
| CHINE | 4,36 % |
| NOUVELLE-ZÉLANDE | 3,45 % |
| JAPON | 3,36 % |
| ROYAUME-UNI | 3,32 % |
| AFRIQUE DU SUD | 2,42 % |
| SUÈDE | 2,29 % |
| RÉPUBLIQUE TCHÈQUE | 1,70 % |
| BELGIQUE | 1,59 % |
| ROUMANIE | 1,55 % |
| CANADA | 1,46 % |
| PHILIPPINES | 0,96 % |
| LUXEMBOURG | 0,90 % |
| JERSEY | 0,75 % |
| GUERNESEY | 0,50 % |
| ILES CAYMAN | 0,36 % |
| MAROC | 0,17 % |
| SUISSE | 0,13 % |
| Total du Portefeuille-Titres | 97,39 % |

(Content)
| DPAM L BONDS HIGHER YIELD | %  DE L ' ACTIF NET |
| --- | --- |

| FRANCE | 13,61 % |
| --- | --- |
| PAYS-BAS | 11,83 % |
| LUXEMBOURG | 10,62 % |
| ITALIE | 8,91 % |
| ROYAUME-UNI | 7,85 % |
| MEXIQUE | 6,01 % |
| ÉTATS-UNIS | 5,96 % |
| BELGIQUE | 5,07 % |
| SUÈDE | 4,69 % |
| ALLEMAGNE | 3,52 % |
| INDONÉSIE | 3,27 % |
| AFRIQUE DU SUD | 2,73 % |
| BRÉSIL | 1,83 % |
| ESPAGNE | 1,51 % |
| ILES CAYMAN | 1,29 % |
| AUTRICHE | 1,28 % |
| SUISSE | 1,08 % |
| PORTUGAL | 1,03 % |
| ROUMANIE | 0,98 % |
| MONTÉNÉGRO | 0,84 % |
| IRLANDE | 0,64 % |
| DANEMARK | 0,51 % |
| TUNISIE | 0,45 % |
| ARMÉNIE | 0,41 % |
| JAPON | 0,39 % |
| MACÉDOINE | 0,28 % |
| FINLANDE | 0,27 % |
| Total du Portefeuille-Titres | 96,86 % |

(Content)
| DPAM L BONDS GOVERNMENT SUSTAINABLE HEDGED | %  DE L ' ACTIF NET |
| --- | --- |

| CANADA | 10,53 % |
| --- | --- |
| AUSTRALIE | 9,30 % |
| ROYAUME-UNI | 8,94 % |
| NOUVELLE-ZÉLANDE | 7,80 % |
| FRANCE | 7,24 % |
| IRLANDE | 6,38 % |
| BELGIQUE | 6,32 % |
| DANEMARK | 6,03 % |
| SLOVÉNIE | 5,99 % |
| ALLEMAGNE | 5,33 % |
| FINLANDE | 4,67 % |
| AUTRICHE | 4,59 % |
| SUÈDE | 4,42 % |
| NORVÈGE | 3,03 % |
| JAPON | 2,94 % |
| SUISSE | 2,19 % |
| PAYS-BAS | 1,16 % |
| LUXEMBOURG | 0,09 % |
| Total du Portefeuille-Titres | 96,95 % |

(Content)
| DPAM L EQUITIES CONVICTION RESEARCH | %  DE L ' ACTIF NET |
| --- | --- |

| FRANCE | 18,21 % |
| --- | --- |
| ESPAGNE | 14,33 % |
| ROYAUME-UNI | 13,64 % |
| SUISSE | 11,66 % |
| NORVÈGE | 6,32 % |
| ALLEMAGNE | 6,23 % |
| ITALIE | 5,84 % |
| PAYS-BAS | 5,64 % |
| SUÈDE | 5,24 % |
| FINLANDE | 5,09 % |
| IRLANDE | 3,61 % |
| DANEMARK | 2,71 % |
| Total du Portefeuille-Titres | 98,52 % |

(Content)
| DPAM L BONDS EUR HIGH YIELD SHORT TERM | %  DE L ' ACTIF NET |
| --- | --- |

| FRANCE | 33,01 % |
| --- | --- |
| PAYS-BAS | 9,93 % |
| ÉTATS-UNIS | 7,68 % |
| ITALIE | 6,75 % |
| ALLEMAGNE | 6,57 % |
| ROYAUME-UNI | 5,64 % |
| LUXEMBOURG | 5,53 % |
| JAPON | 4,87 % |
| DANEMARK | 4,69 % |
| SUÈDE | 4,15 % |
| ESPAGNE | 1,76 % |
| AUTRICHE | 1,52 % |
| FINLANDE | 1,51 % |
| IRLANDE | 1,44 % |
| BELGIQUE | 0,30 % |
| Total du Portefeuille-Titres | 95,35 % |

(Content)
| DPAM L PATRIMONIAL FUND | %  DE L ' ACTIF NET |
| --- | --- |

| ÉTATS-UNIS | 20,13 % |
| --- | --- |
| ALLEMAGNE | 13,52 % |
| FRANCE | 8,53 % |
| LUXEMBOURG | 8,38 % |
| PAYS-BAS | 7,16 % |
| ITALIE | 6,01 % |
| ESPAGNE | 4,23 % |
| JERSEY | 4,20 % |
| BELGIQUE | 3,35 % |
| JAPON | 2,94 % |
| SUÈDE | 2,75 % |
| CANADA | 1,99 % |
| AUSTRALIE | 1,80 % |
| ROYAUME-UNI | 1,52 % |
| PANAMA | 1,40 % |
| MEXIQUE | 1,23 % |
| AUTRICHE | 1,07 % |
| PORTUGAL | 0,93 % |
| NORVÈGE | 0,89 % |
| SUISSE | 0,79 % |
| ROUMANIE | 0,56 % |
| INDONÉSIE | 0,53 % |
| HONG KONG | 0,51 % |
| IRLANDE | 0,44 % |
| ILES CAYMAN | 0,36 % |
| NOUVELLE-ZÉLANDE | 0,35 % |
| SINGAPOUR | 0,35 % |
| PÉROU | 0,31 % |
| Total du Portefeuille-Titres | 96,23 % |

(Content)
| DPAM L BONDS EMERGING MARKETS SUSTAINABLE | %  DE L ' ACTIF NET |
| --- | --- |

| MEXIQUE | 9,93 % |
| --- | --- |
| AFRIQUE DU SUD | 9,24 % |
| INDONÉSIE | 9,22 % |
| MALAISIE | 7,50 % |
| COLOMBIE | 4,82 % |
| SINGAPOUR | 4,22 % |
| PÉROU | 4,16 % |
| ROUMANIE | 4,08 % |
| BRÉSIL | 4,04 % |
| RÉPUBLIQUE TCHÈQUE | 3,67 % |
| HONGRIE | 3,65 % |
| SERBIE | 3,07 % |
| PHILIPPINES | 2,76 % |
| CHILI | 2,61 % |
| CORÉE DU SUD | 1,95 % |
| UKRAINE | 1,74 % |
| ÉTATS-UNIS | 1,71 % |
| THAÏLANDE | 1,68 % |
| GHANA | 1,67 % |
| CÔTE D’IVOIRE | 1,62 % |
| KENYA | 1,50 % |
| INDE | 1,49 % |
| POLOGNE | 1,47 % |
| URUGUAY | 1,44 % |
| TUNISIE | 1,37 % |
| SÉNÉGAL | 0,83 % |
| MAROC | 0,71 % |
| NIGERIA | 0,67 % |
| ROYAUME-UNI | 0,56 % |
| MACÉDOINE | 0,38 % |
| SALVADOR | 0,28 % |
| PAKISTAN | 0,26 % |
| ÉQUATEUR | 0,21 % |
| SRI LANKA | 0,18 % |
| GÉORGIE | 0,17 % |
| GUATEMALA | 0,17 % |
| MOZAMBIQUE | 0,17 % |
| NAMIBIE | 0,16 % |
| ISRAËL | 0,13 % |
| BAHAMAS | 0,12 % |
| ARGENTINE | 0,11 % |
| RÉPUBLIQUE DOMINICAINE | 0,10 % |
| LUXEMBOURG | 0,09 % |
| MONGOLIE | 0,06 % |
| LIBAN | 0,03 % |
| Total du Portefeuille-Titres | 96,00 % |

(Content)
| DPAM L BONDS EUR CORPORATE HIGH YIELD | %  DE L ' ACTIF NET |
| --- | --- |

| FRANCE | 24,51 % |
| --- | --- |
| PAYS-BAS | 23,15 % |
| ÉTATS-UNIS | 9,76 % |
| ROYAUME-UNI | 8,36 % |
| ALLEMAGNE | 8,04 % |
| LUXEMBOURG | 6,91 % |
| JAPON | 3,88 % |
| ITALIE | 3,79 % |
| SUÈDE | 2,96 % |
| ESPAGNE | 1,72 % |
| IRLANDE | 1,51 % |
| BELGIQUE | 0,95 % |
| JERSEY | 0,69 % |
| DANEMARK | 0,56 % |
| AUTRICHE | 0,49 % |
| FINLANDE | 0,25 % |
| POLOGNE | 0,24 % |
| PORTUGAL | 0,16 % |
| NORVÈGE | 0,12 % |
| Total du Portefeuille-Titres | 98,05 % |

(Content)
| DPAM L GLOBAL TARGET INCOME | %  DE L ' ACTIF NET |
| --- | --- |

| LUXEMBOURG BELGIQUE | 71,22 % 22,90 % |
| --- | --- |
| Total du Portefeuille-Titres | 94,12 % |

(Content)
(Content)
| DPAM L BALANCED CONSERVATIVE SUSTAINABLE | %  DE L ' ACTIF NET |
| --- | --- |

| FRANCE | 14,27 % |
| --- | --- |
| PAYS-BAS | 14,20 % |
| ÉTATS-UNIS | 11,61 % |
| ALLEMAGNE | 9,05 % |
| ITALIE | 7,37 % |
| BELGIQUE | 7,03 % |
| ESPAGNE | 7,00 % |
| IRLANDE | 4,89 % |
| PORTUGAL | 3,56 % |
| ROYAUME-UNI | 2,81 % |
| AUSTRALIE | 2,27 % |
| NORVÈGE | 1,82 % |
| JAPON | 1,78 % |
| LUXEMBOURG | 1,57 % |
| SUISSE | 1,39 % |
| SUÈDE | 1,24 % |
| CANADA | 1,18 % |
| DANEMARK | 0,91 % |
| NOUVELLE-ZÉLANDE | 0,89 % |
| SLOVÉNIE | 0,51 % |
| Total du Portefeuille-Titres | 95,35 % |

(Content)
| DPAM L BONDS CLIMATE TRENDS SUSTAINABLE | %  DE L ' ACTIF NET |
| --- | --- |

| PAYS-BAS | 17,87 % |
| --- | --- |
| FRANCE | 15,12 % |
| ITALIE | 10,63 % |
| ESPAGNE | 7,82 % |
| ALLEMAGNE | 6,93 % |
| ROYAUME-UNI | 5,67 % |
| BELGIQUE | 5,36 % |
| SUÈDE | 4,45 % |
| LUXEMBOURG | 3,03 % |
| ÉTATS-UNIS | 2,89 % |
| MAROC | 2,82 % |
| IRLANDE | 2,58 % |
| FINLANDE | 2,56 % |
| PORTUGAL | 1,65 % |
| GUERNESEY | 0,97 % |
| HONGRIE | 0,96 % |
| CHILI | 0,86 % |
| AUTRICHE | 0,81 % |
| BRÉSIL | 0,71 % |
| SUISSE | 0,69 % |
| DANEMARK | 0,67 % |
| PÉROU | 0,38 % |
| JAPON | 0,33 % |
| NORVÈGE | 0,32 % |
| Total du Portefeuille-Titres | 96,08 % |

(Content)
| DPAM L BONDS GOVERNMENT SUSTAINABLE | %  DE L ' ACTIF NET |
| --- | --- |

| ALLEMAGNE | 12,85 % |
| --- | --- |
| AUSTRALIE | 9,55 % |
| CANADA | 9,55 % |
| SLOVÉNIE | 8,56 % |
| NOUVELLE-ZÉLANDE | 8,09 % |
| IRLANDE | 7,42 % |
| SUÈDE | 7,40 % |
| ROYAUME-UNI | 6,24 % |
| DANEMARK | 5,82 % |
| AUTRICHE | 4,68 % |
| JAPON | 4,12 % |
| BELGIQUE | 3,85 % |
| FINLANDE | 3,41 % |
| SUISSE | 2,94 % |
| NORVÈGE | 2,38 % |
| FRANCE | 1,36 % |
| PAYS-BAS | 0,26 % |
| Total du Portefeuille-Titres | 98,48 % |

(Content)
| DPAM L CONVERTIBLE WORLD SUSTAINABLE | %  DE L ' ACTIF NET |
| --- | --- |

| ÉTATS-UNIS | 37,15 % |
| --- | --- |
| PAYS-BAS | 11,76 % |
| ALLEMAGNE | 9,75 % |
| FRANCE | 8,66 % |
| JAPON | 6,99 % |
| ILES CAYMAN | 5,58 % |
| BERMUDES | 2,97 % |
| SINGAPOUR | 1,75 % |
| SUISSE | 1,56 % |
| HONG KONG | 1,47 % |
| ESPAGNE | 1,45 % |
| ILES VIERGES BRITANNIQUES | 1,43 % |
| ISRAËL | 1,26 % |
| AUSTRALIE | 0,98 % |
| AFRIQUE DU SUD | 0,91 % |
| NOUVELLE-ZÉLANDE | 0,62 % |
| BELGIQUE | 0,54 % |
| Total du Portefeuille-Titres | 94,83 % |

| DPAM L BONDS EUR QUALITY SUSTAINABLE | %  DE L ' ACTIF NET |
| --- | --- |

| BANQUES | 25,47 % |
| --- | --- |
| SERVICES FINANCIERS - HOLDINGS | 20,40 % |
| TELECOMMUNICATIONS | 8,17 % |
| IMMOBILIER | 5,67 % |
| SOURCES D'ENERGIE | 5,54 % |
| COMPAGNIES D'ASSURANCE | 4,13 % |
| PHARMACIE - COSMETIQUE | 3,94 % |
| MATERIEL ELECTRIQUE - ELECTRONIQUE | 2,85 % |
| VEHICULES ROUTIERS | 2,67 % |
| BOISSONS & TABACS | 2,49 % |
| IT & INTERNET | 2,45 % |
| MATERIAUX DE CONSTRUCTION | 2,07 % |
| COMPOSANTS & INSTRUMENTS ELECTRONIQUES | 1,51 % |
| ALIMENTATION & PRODUITS D'ENTRETIEN | 1,32 % |
| PRODUITS CHIMIQUES | 1,18 % |
| CONSTRUCTION MECANIQUE | 1,03 % |
| TEXTILE & HABILLEMENT | 0,91 % |
| PETROLE & DERIVES | 0,88 % |
| TITRISATION (ABS & MBS) | 0,83 % |
| DISTRIBUTION | 0,74 % |
| SERVICES DIVERS | 0,71 % |
| LOISIRS & TOURISME | 0,60 % |
| INFORMATIQUE - REPRODUCTION | 0,58 % |
| TRANSPORTS AERIENS | 0,42 % |
| BIENS DE CONSOMMATION DIVERS | 0,41 % |
| PNEUS & CAOUTCHOUC | 0,35 % |
| SOCIETES D'INVESTISSEMENT (OPC, FCP) | 0,29 % |
| PRODUITS FORESTIERS & PAPIERS | 0,24 % |
| DIFFUSION & EDITION | 0,21 % |
| EQUIPEMENTS & SERVICES PROD. ENERGIE | 0,11 % |
| Total du Portefeuille-Titres | 98,17 % |

| DPAM L BONDS UNIVERSALIS UNCONSTRAINED | %  DE L ' ACTIF NET |
| --- | --- |

| ETATS | 62,58 % |
| --- | --- |
| BANQUES | 9,59 % |
| TELECOMMUNICATIONS | 7,54 % |
| SERVICES FINANCIERS - HOLDINGS | 5,84 % |
| ORGANISMES EUROPEENS | 3,40 % |
| IT & INTERNET | 2,23 % |
| VEHICULES ROUTIERS | 2,01 % |
| BOISSONS & TABACS | 1,19 % |
| TITRISATION (ABS & MBS) | 0,92 % |
| ALIMENTATION & PRODUITS D'ENTRETIEN | 0,65 % |
| PETROLE & DERIVES | 0,39 % |
| DIFFUSION & EDITION | 0,37 % |
| PRODUITS CHIMIQUES | 0,26 % |
| TEXTILE & HABILLEMENT | 0,17 % |
| PHARMACIE - COSMETIQUE | 0,11 % |
| MATERIAUX DE CONSTRUCTION | 0,09 % |
| DISTRIBUTION | 0,05 % |
| Total du Portefeuille-Titres | 97,39 % |

| DPAM L BONDS HIGHER YIELD | %  DE L ' ACTIF NET |
| --- | --- |

| SERVICES FINANCIERS - HOLDINGS | 26,26 % |
| --- | --- |
| ETATS | 13,96 % |
| BANQUES | 13,92 % |
| TELECOMMUNICATIONS | 8,78 % |
| SERVICES DIVERS | 4,36 % |
| SOURCES D'ENERGIE | 4,10 % |
| PRODUITS CHIMIQUES | 3,23 % |
| VEHICULES ROUTIERS | 2,99 % |
| MATERIAUX DE CONSTRUCTION | 2,51 % |
| IMMOBILIER | 2,32 % |
| COMPAGNIES D'ASSURANCE | 1,93 % |
| PHARMACIE - COSMETIQUE | 1,61 % |
| DISTRIBUTION | 1,50 % |
| SOINS & SERVICE DE SANTE | 1,42 % |
| PRODUCTIONS INDUSTRIELLES INTERMEDIAIRES | 1,34 % |
| MATERIEL ELECTRIQUE - ELECTRONIQUE | 1,14 % |
| METAUX & PIERRES PRECIEUSES | 0,90 % |
| AGRICULTURE & PECHE | 0,88 % |
| CONSTRUCTION MECANIQUE | 0,85 % |
| INDUSTRIE D'EMBALLAGE | 0,64 % |
| BIOTECHNOLOGIE | 0,50 % |
| ALIMENTATION & PRODUITS D'ENTRETIEN | 0,49 % |
| IT & INTERNET | 0,39 % |
| TEXTILE & HABILLEMENT | 0,33 % |
| DIVERS | 0,26 % |
| LOISIRS & TOURISME | 0,25 % |
| Total du Portefeuille-Titres | 96,86 % |

| DPAM L BONDS GOVERNMENT SUSTAINABLE HEDGED | %  DE L ' ACTIF NET |
| --- | --- |

| ETATS BANQUES SERVICES FINANCIERS - HOLDINGS | 91,42 % 4,94 % 0,59 % |
| --- | --- |
| Total du Portefeuille-Titres | 96,95 % |

| DPAM L EQUITIES CONVICTION RESEARCH | %  DE L ' ACTIF NET |
| --- | --- |

| PRODUITS CHIMIQUES | 11,71 % |
| --- | --- |
| ALIMENTATION & PRODUITS D'ENTRETIEN | 11,36 % |
| SERVICES FINANCIERS - HOLDINGS | 11,36 % |
| PHARMACIE - COSMETIQUE | 10,87 % |
| TELECOMMUNICATIONS | 8,18 % |
| CONSTRUCTION MECANIQUE | 6,12 % |
| IT & INTERNET | 5,68 % |
| PETROLE & DERIVES | 5,41 % |
| TRANSPORT & CIRCULATION | 5,14 % |
| COMPAGNIES D'ASSURANCE | 4,44 % |
| TEXTILE & HABILLEMENT | 3,66 % |
| BIOTECHNOLOGIE | 3,64 % |
| MATERIEL ELECTRIQUE - ELECTRONIQUE | 2,88 % |
| VEHICULES ROUTIERS | 2,87 % |
| SOURCES D'ENERGIE | 2,67 % |
| BANQUES | 2,53 % |
| Total du Portefeuille-Titres | 98,52 % |

| DPAM L BONDS EUR HIGH YIELD SHORT TERM | %  DE L ' ACTIF NET |
| --- | --- |

| SERVICES FINANCIERS - HOLDINGS | 27,39 % |
| --- | --- |
| TELECOMMUNICATIONS | 11,96 % |
| VEHICULES ROUTIERS | 11,87 % |
| IT & INTERNET | 8,84 % |
| INDUSTRIE D'EMBALLAGE | 6,93 % |
| ALIMENTATION & PRODUITS D'ENTRETIEN | 4,54 % |
| IMMOBILIER | 3,63 % |
| DISTRIBUTION | 2,67 % |
| DIVERS | 2,47 % |
| MATERIEL ELECTRIQUE - ELECTRONIQUE | 2,43 % |
| SERVICES DIVERS | 2,19 % |
| PRODUITS CHIMIQUES | 2,02 % |
| SOURCES D'ENERGIE | 2,01 % |
| PRODUCTIONS INDUSTRIELLES INTERMEDIAIRES | 1,52 % |
| MATERIAUX DE CONSTRUCTION | 1,22 % |
| TRANSPORTS AERIENS | 1,21 % |
| AERONAUTIQUE & DEFENSE | 1,16 % |
| BIENS DE CONSOMMATION DIVERS | 0,60 % |
| BANQUES | 0,41 % |
| BIEN D'EQUIPEMENT DIVERS | 0,28 % |
| Total du Portefeuille-Titres | 95,35 % |

| DPAM L PATRIMONIAL FUND | %  DE L ' ACTIF NET |
| --- | --- |

| ETATS | 29,48 % |
| --- | --- |
| BANQUES | 14,22 % |
| SERVICES FINANCIERS - HOLDINGS | 11,29 % |
| SOCIETES D'INVESTISSEMENT (OPC, FCP) | 5,20 % |
| BIENS DE CONSOMMATION DIVERS | 4,51 % |
| TELECOMMUNICATIONS | 4,06 % |
| PHARMACIE - COSMETIQUE | 2,95 % |
| COMPOSANTS & INSTRUMENTS ELECTRONIQUES | 2,20 % |
| SOURCES D'ENERGIE | 2,19 % |
| IT & INTERNET | 1,88 % |
| COMPAGNIES D'ASSURANCE | 1,77 % |
| PETROLE & DERIVES | 1,66 % |
| IMMOBILIER | 1,45 % |
| ORGANISMES EUROPEENS | 1,40 % |
| CONSTRUCTION MECANIQUE | 1,31 % |
| VEHICULES ROUTIERS | 1,13 % |
| ALIMENTATION & PRODUITS D'ENTRETIEN | 1,08 % |
| TRANSPORT & CIRCULATION | 1,04 % |
| INFORMATIQUE - REPRODUCTION | 1,03 % |
| DISTRIBUTION | 0,97 % |
| PHOTO & OPTIQUE | 0,85 % |
| TITRISATION (ABS & MBS) | 0,69 % |
| DIFFUSION & EDITION | 0,60 % |
| PNEUS & CAOUTCHOUC | 0,52 % |
| MATERIEL ELECTRIQUE - ELECTRONIQUE | 0,50 % |
| METAUX NON-FERREUX | 0,50 % |
| PRODUCTIONS INDUSTRIELLES INTERMEDIAIRES | 0,49 % |
| PRODUITS CHIMIQUES | 0,47 % |
| SOCIETES DIVERSIFIEES | 0,46 % |
| BOISSONS & TABACS | 0,33 % |
| Total du Portefeuille-Titres | 96,23 % |

| DPAM L BONDS EMERGING MARKETS SUSTAINABLE | %  DE L ' ACTIF NET |
| --- | --- |

| ETATS | 91,16 % |
| --- | --- |
| ORGANISMES EUROPEENS | 3,41 % |
| BANQUES | 1,37 % |
| SERVICES FINANCIERS - HOLDINGS | 0,06 % |
| Total du Portefeuille-Titres | 96,00 % |

| DPAM L BONDS EUR CORPORATE HIGH YIELD | %  DE L ' ACTIF NET |
| --- | --- |

| SERVICES FINANCIERS - HOLDINGS | 31,48 % |
| --- | --- |
| TELECOMMUNICATIONS | 11,15 % |
| VEHICULES ROUTIERS | 10,40 % |
| IT & INTERNET | 7,32 % |
| PRODUITS CHIMIQUES | 4,97 % |
| PHARMACIE - COSMETIQUE | 4,10 % |
| SERVICES DIVERS | 3,72 % |
| DISTRIBUTION | 3,31 % |
| MATERIAUX DE CONSTRUCTION | 3,10 % |
| SOINS & SERVICE DE SANTE | 2,99 % |
| MATERIEL ELECTRIQUE - ELECTRONIQUE | 2,26 % |
| INDUSTRIE D'EMBALLAGE | 1,83 % |
| DIVERS | 1,50 % |
| ALIMENTATION & PRODUITS D'ENTRETIEN | 1,36 % |
| SOURCES D'ENERGIE | 1,34 % |
| BIENS DE CONSOMMATION DIVERS | 1,17 % |
| LOISIRS & TOURISME | 1,02 % |
| AERONAUTIQUE & DEFENSE | 0,86 % |
| TRANSPORTS AERIENS | 0,81 % |
| BANQUES | 0,79 % |
| PRODUCTIONS INDUSTRIELLES INTERMEDIAIRES | 0,63 % |
| SOCIETES DIVERSIFIEES | 0,51 % |
| CONSTRUCTION MECANIQUE | 0,37 % |
| BIOTECHNOLOGIE | 0,37 % |
| AGRICULTURE & PECHE | 0,36 % |
| TEXTILE & HABILLEMENT | 0,17 % |
| PRODUITS FORESTIERS & PAPIERS | 0,16 % |
| Total du Portefeuille-Titres | 98,05 % |

| DPAM L GLOBAL TARGET INCOME | %  DE L ' ACTIF NET |
| --- | --- |

| SOCIETES D'INVESTISSEMENT (OPC, FCP) IMMOBILIER | 87,57 % 6,55 % |
| --- | --- |
| Total du Portefeuille-Titres | 94,12 % |

| DPAM L BALANCED CONSERVATIVE SUSTAINABLE | %  DE L ' ACTIF NET |
| --- | --- |

| ETATS | 27,52 % |
| --- | --- |
| BANQUES | 9,56 % |
| SERVICES FINANCIERS - HOLDINGS | 9,35 % |
| PHARMACIE - COSMETIQUE | 5,45 % |
| IT & INTERNET | 5,32 % |
| SOURCES D'ENERGIE | 3,80 % |
| MATERIEL ELECTRIQUE - ELECTRONIQUE | 3,72 % |
| COMPOSANTS & INSTRUMENTS ELECTRONIQUES | 3,53 % |
| CONSTRUCTION MECANIQUE | 3,48 % |
| PRODUITS CHIMIQUES | 3,04 % |
| TELECOMMUNICATIONS | 2,81 % |
| COMPAGNIES D'ASSURANCE | 2,70 % |
| BOISSONS & TABACS | 1,58 % |
| ALIMENTATION & PRODUITS D'ENTRETIEN | 1,38 % |
| IMMOBILIER | 1,33 % |
| TEXTILE & HABILLEMENT | 1,15 % |
| DIFFUSION & EDITION | 1,06 % |
| VEHICULES ROUTIERS | 1,04 % |
| BIENS DE CONSOMMATION DIVERS | 0,99 % |
| BIOTECHNOLOGIE | 0,76 % |
| SERVICES DIVERS | 0,75 % |
| DISTRIBUTION | 0,72 % |
| INFORMATIQUE - REPRODUCTION | 0,60 % |
| PROVINCE, CANTON, REGION | 0,55 % |
| MATERIAUX DE CONSTRUCTION | 0,50 % |
| PRODUCTIONS INDUSTRIELLES INTERMEDIAIRES | 0,42 % |
| PNEUS & CAOUTCHOUC | 0,35 % |
| INDUSTRIE D'EMBALLAGE | 0,34 % |
| TRANSPORT & CIRCULATION | 0,34 % |
| PHOTO & OPTIQUE | 0,33 % |
| LOISIRS & TOURISME | 0,32 % |
| METAUX NON-FERREUX | 0,30 % |
| SOCIETES D'INVESTISSEMENT (OPC, FCP) | 0,26 % |
| Total du Portefeuille-Titres | 95,35 % |

| DPAM L BONDS CLIMATE TRENDS SUSTAINABLE | %  DE L ' ACTIF NET |
| --- | --- |

| BANQUES | 17,68 % |
| --- | --- |
| SERVICES FINANCIERS - HOLDINGS | 14,33 % |
| SOURCES D'ENERGIE | 13,88 % |
| ETATS | 9,64 % |
| MATERIEL ELECTRIQUE - ELECTRONIQUE | 4,53 % |
| COMPAGNIES D'ASSURANCE | 4,45 % |
| PRODUITS CHIMIQUES | 4,19 % |
| IMMOBILIER | 4,12 % |
| VEHICULES ROUTIERS | 4,06 % |
| TELECOMMUNICATIONS | 3,41 % |
| SERVICES DIVERS | 1,95 % |
| PETROLE & DERIVES | 1,61 % |
| ALIMENTATION & PRODUITS D'ENTRETIEN | 1,34 % |
| MATERIAUX DE CONSTRUCTION | 1,28 % |
| TEXTILE & HABILLEMENT | 1,25 % |
| TITRISATION (ABS & MBS) | 1,24 % |
| ORGANISMES EUROPEENS | 1,13 % |
| METAUX NON-FERREUX | 1,12 % |
| SOCIETES D'INVESTISSEMENT (OPC, FCP) | 0,97 % |
| INDUSTRIE D'EMBALLAGE | 0,95 % |
| PRODUITS FORESTIERS & PAPIERS | 0,80 % |
| PROVINCE, CANTON, REGION | 0,72 % |
| BIENS DE CONSOMMATION DIVERS | 0,51 % |
| COMPOSANTS & INSTRUMENTS ELECTRONIQUES | 0,51 % |
| SERVICES COMMERCIAUX - PUBLICS | 0,41 % |
| Total du Portefeuille-Titres | 96,08 % |

| DPAM L BONDS GOVERNMENT SUSTAINABLE | %  DE L ' ACTIF NET |
| --- | --- |

| ETATS BANQUES SERVICES FINANCIERS - HOLDINGS | 92,14 % 5,87 % 0,47 % |
| --- | --- |
| Total du Portefeuille-Titres | 98,48 % |

| DPAM L CONVERTIBLE WORLD SUSTAINABLE | %  DE L ' ACTIF NET |
| --- | --- |

| IT & INTERNET | 21,87 % |
| --- | --- |
| SERVICES FINANCIERS - HOLDINGS | 15,91 % |
| VEHICULES ROUTIERS | 11,32 % |
| COMPOSANTS & INSTRUMENTS ELECTRONIQUES | 6,68 % |
| PHARMACIE - COSMETIQUE | 5,36 % |
| PRODUITS CHIMIQUES | 4,12 % |
| SOINS & SERVICE DE SANTE | 3,95 % |
| BIOTECHNOLOGIE | 3,34 % |
| LOISIRS & TOURISME | 3,15 % |
| SOURCES D'ENERGIE | 2,99 % |
| TEXTILE & HABILLEMENT | 2,65 % |
| DISTRIBUTION | 2,49 % |
| MATERIEL ELECTRIQUE - ELECTRONIQUE | 2,06 % |
| SERVICES DIVERS | 1,95 % |
| IMMOBILIER | 1,55 % |
| PETROLE & DERIVES | 1,50 % |
| DIVERS | 0,91 % |
| PRODUCTIONS INDUSTRIELLES INTERMEDIAIRES | 0,78 % |
| METAUX & PIERRES PRECIEUSES | 0,72 % |
| DIFFUSION & EDITION | 0,70 % |
| ALIMENTATION & PRODUITS D'ENTRETIEN | 0,51 % |
| TELECOMMUNICATIONS | 0,32 % |
| Total du Portefeuille-Titres | 94,83 % |

| DPAM L BONDS EUR QUALITY SUSTAINABLE | %  DE L ' ACTIF NET |
| --- | --- |

| EURO | 98,17 % |
| --- | --- |
| Total du Portefeuille-Titres | 98,17 % |

| DPAM L BONDS UNIVERSALIS UNCONSTRAINED | %  DE L ' ACTIF NET |
| --- | --- |

| EURO | 48,31 % |
| --- | --- |
| DOLLAR DES ETATS-UNIS | 25,16 % |
| DOLLAR AUSTRALIEN | 4,68 % |
| DOLLAR NEO-ZÉLANDAIS | 3,45 % |
| YEN JAPONAIS | 2,95 % |
| RAND SUD-AFRICAIN | 2,42 % |
| NOUVEAU PESO MEXICAIN | 2,01 % |
| LIVRE STERLING | 1,96 % |
| COURONNE SUÉDOISE | 1,88 % |
| COURONNE TCHÈQUE | 1,70 % |
| DOLLAR CANADIEN | 1,46 % |
| FRANC SUISSE | 1,41 % |
| Total du Portefeuille-Titres | 97,39 % |

| DPAM L BONDS HIGHER YIELD | %  DE L ' ACTIF NET |
| --- | --- |

| EURO | 73,04 % |
| --- | --- |
| DOLLAR DES ETATS-UNIS | 13,08 % |
| NOUVEAU PESO MEXICAIN | 3,80 % |
| ROUPIE INDOÉSIENNE | 3,27 % |
| RAND SUD-AFRICAIN | 2,73 % |
| REAL BRÉSILIEN | 0,94 % |
| Total du Portefeuille-Titres | 96,86 % |

| DPAM L BONDS GOVERNMENT SUSTAINABLE HEDGED | %  DE L ' ACTIF NET |
| --- | --- |

| EURO | 42,38 % |
| --- | --- |
| DOLLAR CANADIEN | 9,92 % |
| DOLLAR AUSTRALIEN | 9,30 % |
| LIVRE STERLING | 8,94 % |
| DOLLAR NEO-ZÉLANDAIS | 7,80 % |
| COURONNE DANOISE | 6,03 % |
| COURONNE SUÉDOISE | 4,42 % |
| COURONNE NORVÉGIENNE | 3,03 % |
| YEN JAPONAIS | 2,94 % |
| FRANC SUISSE | 2,19 % |
| Total du Portefeuille-Titres | 96,95 % |

| DPAM L EQUITIES CONVICTION RESEARCH | %  DE L ' ACTIF NET |
| --- | --- |

| EURO | 58,95 % |
| --- | --- |
| LIVRE STERLING | 13,64 % |
| FRANC SUISSE | 11,66 % |
| COURONNE NORVÉGIENNE | 6,32 % |
| COURONNE SUÉDOISE | 5,24 % |
| COURONNE DANOISE | 2,71 % |
| Total du Portefeuille-Titres | 98,52 % |

| DPAM L BONDS EUR HIGH YIELD SHORT TERM | %  DE L ' ACTIF NET |
| --- | --- |

| EURO | 95,35 % |
| --- | --- |
| Total du Portefeuille-Titres | 95,35 % |

| DPAM L PATRIMONIAL FUND | %  DE L ' ACTIF NET |
| --- | --- |

| EURO | 62,07 % |
| --- | --- |
| DOLLAR DES ETATS-UNIS | 18,47 % |
| YEN JAPONAIS | 2,94 % |
| COURONNE SUÉDOISE | 2,75 % |
| DOLLAR CANADIEN | 1,99 % |
| DOLLAR AUSTRALIEN | 1,80 % |
| LIVRE STERLING | 1,52 % |
| COURONNE NORVÉGIENNE | 0,89 % |
| DOLLAR DE HONG-KONG | 0,88 % |
| FRANC SUISSE | 0,79 % |
| NOUVEAU PESO MEXICAIN | 0,59 % |
| ROUPIE INDOÉSIENNE | 0,53 % |
| DOLLAR NEO-ZÉLANDAIS | 0,35 % |
| DOLLAR DE SINGAPOUR | 0,35 % |
| NOUVEAU SOL PÉRUVIEN | 0,31 % |
| Total du Portefeuille-Titres | 96,23 % |

| DPAM L BONDS EMERGING MARKETS SUSTAINABLE | %  DE L ' ACTIF NET |
| --- | --- |

| ROUPIE INDOÉSIENNE | 10,52 % |
| --- | --- |
| NOUVEAU PESO MEXICAIN | 9,90 % |
| RAND SUD-AFRICAIN | 9,34 % |
| RINGGIT DE MALAISIE | 7,50 % |
| DOLLAR DES ETATS-UNIS | 7,06 % |
| EURO | 5,63 % |
| PESO COLOMBIEN | 4,82 % |
| DOLLAR DE SINGAPOUR | 4,22 % |
| NOUVEAU SOL PÉRUVIEN | 4,16 % |
| REAL BRÉSILIEN | 4,04 % |
| COURONNE TCHÈQUE | 3,67 % |
| FORINT HONGROIS | 3,65 % |
| ROUPIE INDIENNE | 3,31 % |
| DINAR SERBE | 2,95 % |
| PESO CHILIEN | 2,61 % |
| LEU ROUMAIN | 2,60 % |
| WON SUD CORÉEN | 1,95 % |
| PESO PHILIPPIN | 1,92 % |
| BAHT THAÏLANDAIS | 1,68 % |
| ZLOTY POLONAIS | 1,47 % |
| PESO URUGUAYEN | 1,44 % |
| CEDI GHANÉEN | 0,89 % |
| SCHILLING KENYAN | 0,67 % |
| Total du Portefeuille-Titres | 96,00 % |

| DPAM L BONDS EUR CORPORATE HIGH YIELD | %  DE L ' ACTIF NET |
| --- | --- |

| EURO | 98,05 % |
| --- | --- |
| Total du Portefeuille-Titres | 98,05 % |

| DPAM L GLOBAL TARGET INCOME | %  DE L ' ACTIF NET |
| --- | --- |

| EURO | 94,12 % |
| --- | --- |
| Total du Portefeuille-Titres | 94,12 % |

| DPAM L BALANCED CONSERVATIVE SUSTAINABLE | %  DE L ' ACTIF NET |
| --- | --- |

| EURO | 73,83 % |
| --- | --- |
| DOLLAR DES ETATS-UNIS | 9,28 % |
| LIVRE STERLING | 2,81 % |
| DOLLAR AUSTRALIEN | 1,74 % |
| FRANC SUISSE | 1,39 % |
| COURONNE NORVÉGIENNE | 1,27 % |
| DOLLAR CANADIEN | 1,18 % |
| YEN JAPONAIS | 1,17 % |
| COURONNE DANOISE | 0,91 % |
| DOLLAR NEO-ZÉLANDAIS | 0,89 % |
| COURONNE SUÉDOISE | 0,88 % |
| Total du Portefeuille-Titres | 95,35 % |

| DPAM L BONDS CLIMATE TRENDS SUSTAINABLE | %  DE L ' ACTIF NET |
| --- | --- |

| EURO | 86,82 % |
| --- | --- |
| DOLLAR DES ETATS-UNIS | 5,02 % |
| LIVRE STERLING | 1,55 % |
| COURONNE SUÉDOISE | 1,00 % |
| COURONNE NORVÉGIENNE | 0,90 % |
| PESO CHILIEN | 0,41 % |
| NOUVEAU SOL PÉRUVIEN | 0,38 % |
| Total du Portefeuille-Titres | 96,08 % |

| DPAM L BONDS GOVERNMENT SUSTAINABLE | %  DE L ' ACTIF NET |
| --- | --- |

| EURO | 42,86 % |
| --- | --- |
| DOLLAR AUSTRALIEN | 9,55 % |
| DOLLAR CANADIEN | 9,08 % |
| DOLLAR NEO-ZÉLANDAIS | 8,09 % |
| COURONNE SUÉDOISE | 7,40 % |
| LIVRE STERLING | 6,24 % |
| COURONNE DANOISE | 5,82 % |
| YEN JAPONAIS | 4,12 % |
| FRANC SUISSE | 2,94 % |
| COURONNE NORVÉGIENNE | 2,38 % |
| Total du Portefeuille-Titres | 98,48 % |

| DPAM L CONVERTIBLE WORLD SUSTAINABLE | %  DE L ' ACTIF NET |
| --- | --- |

| DOLLAR DES ETATS-UNIS | 53,24 % |
| --- | --- |
| EURO | 23,68 % |
| YEN JAPONAIS | 6,99 % |
| DOLLAR DE HONG-KONG | 5,00 % |
| DOLLAR DE SINGAPOUR | 1,75 % |
| FRANC SUISSE | 1,56 % |
| DOLLAR AUSTRALIEN | 0,98 % |
| RAND SUD-AFRICAIN | 0,91 % |
| DOLLAR CANADIEN | 0,72 % |
| Total du Portefeuille-Titres | 94,83 % |

DPAM L LIQUIDITY EUR &FRN*
| Actions en circulation au début de la période | - A | 36.015,888 |
| --- | --- | --- |
|  | - B | 5.365,857 |
|  | - F | 42.430,649 |
|  | - M | 11.882,206 |
|  | - N | 769,991 |
| Actions émises au cours de la période | - A | 0,000 |
|  | - B | 0,000 |
|  | - F | 0,000 |
|  | - M | 0,000 |
|  | - N | 0,000 |
| Actions remboursées au cours de la période | - A | 36.015,888 |
|  | - B | 5.365,857 |
|  | - F | 42.430,649 |
|  | - M | 11.882,206 |
|  | - N | 769,991 |
| Actions en circulation à la fin de la période | - A | 0,000 |
|  | - B | 0,000 |
|  | - F | 0,000 |
|  | - M | 0,000 |
|  | - N | 0,000 |

* cf Note 14
DPAM L BONDS EUR QUALITY SUSTAINABLE
| Actions en circulation au début de l’exercice | - A | 153.580,271 |
| --- | --- | --- |
|  | - B | 50.194,884 |
|  | - E | 10.983,693 |
|  | - F | 434.604,339 |
|  | - J | 14.155,881 |
|  | - L | 0,000 |
|  | - M | 488.592,691 |
|  | - N | 3.265,523 |
|  | - P | 500.810,000 |
|  | - W | 6.365,583 |
| Actions émises au cours de l’exercice | - A | 56.996,620 |
|  | - B | 21.463,569 |
|  | - E | 11.070,000 |
|  | - F | 376.119,184 |
|  | - J | 7.175,000 |
|  | - L | 3.020,000 |
|  | - M | 171.339,440 |
|  | - N | 1.740,827 |
|  | - P | 60.550,000 |
|  | - W | 5.146,423 |
| Actions remboursées au cours de l’exercice | - A | 35.536,297 |
|  | - B | 15.384,793 |
|  | - E | 2.000,000 |
|  | - F | 133.134,266 |
|  | - J | 1.238,000 |
|  | - L | 1.107,000 |
|  | - M | 51.519,554 |
|  | - N | 833,615 |
|  | - P | 80.661,000 |
|  | - W | 4.601,125 |
| Actions en circulation à la fin de l’exercice | - A | 175.040,594 |
|  | - B | 56.273,660 |
|  | - E | 20.053,693 |
|  | - F | 677.589,257 |
|  | - J | 20.092,881 |
|  | - L | 1.913,000 |
|  | - M | 608.412,577 |
|  | - N | 4.172,735 |
|  | - P | 480.699,000 |
|  | - W | 6.910,881 |

DPAM L BONDS UNIVERSALIS UNCONSTRAINED
| Actions en circulation au début de l’exercice | - A | 394.574,174 |
| --- | --- | --- |
|  | - B | 383.675,964 |
|  | - B CHF | 328,000 |
|  | - E | 292.002,406 |
|  | - F | 1.895.720,751 |
|  | - J | 6.594,702 |
|  | - M | 613.052,741 |
|  | - N | 31.578,308 |
|  | - P | 693.610,000 |
|  | - V | 1.208,632 |
|  | - W | 117.100,224 |
| Actions émises au cours de l’exercice | - A | 34.276,487 |
|  | - B | 199.190,476 |
|  | - B CHF | 0,000 |
|  | - E | 5.921,699 |
|  | - F | 1.655.510,295 |
|  | - J | 1.211,000 |
|  | - M | 176.810,864 |
|  | - N | 4.860,000 |
|  | - P | 20.930,000 |
|  | - V | 2.535,992 |
|  | - W | 163.104,813 |
| Actions remboursées au cours de l’exercice | - A | 35.762,900 |
|  | - B | 118.129,847 |
|  | - B CHF | 0,000 |
|  | - E | 126.110,952 |
|  | - F | 643.314,426 |
|  | - J | 40,000 |
|  | - M | 46.971,279 |
|  | - N | 1.696,385 |
|  | - P | 30.650,000 |
|  | - V | 846,992 |
|  | - W | 63.679,604 |
| Actions en circulation à la fin de l’exercice | - A | 393.087,761 |
|  | - B | 464.736,593 |
|  | - B CHF | 328,000 |
|  | - E | 171.813,153 |
|  | - F | 2.907.916,620 |
|  | - J | 7.765,702 |
|  | - M | 742.892,326 |
|  | - N | 34.741,923 |
|  | - P | 683.890,000 |
|  | - V | 2.897,632 |
|  | - W | 216.525,433 |

DPAM L BONDS HIGHER YIELD
| Actions en circulation au début de l’exercice | - A | 980.576,507 |
| --- | --- | --- |
|  | - B | 127.659,524 |
|  | - B CHF | 123,392 |
|  | - E | 189.890,858 |
|  | - F | 24.262,776 |
|  | - M | 160.180,842 |
|  | - N | 4.893,381 |
|  | - P | 36.486,000 |
|  | - V | 8.627,772 |
|  | - W | 3.330,452 |
| Actions émises au cours de l’exercice | - A | 132.333,464 |
|  | - B | 35.563,127 |
|  | - B CHF | 120,375 |
|  | - E | 0,000 |
|  | - F | 87.829,272 |
|  | - M | 6.609,917 |
|  | - N | 369,000 |
|  | - P | 79.789,000 |
|  | - V | 722,647 |
|  | - W | 709,983 |
| Actions remboursées au cours de l’exercice | - A | 101.430,308 |
|  | - B | 43.059,981 |
|  | - B CHF | 55,868 |
|  | - E | 0,000 |
|  | - F | 13.762,373 |
|  | - M | 21.423,227 |
|  | - N | 814,892 |
|  | - P | 82.823,000 |
|  | - V | 4.693,417 |
|  | - W | 244,354 |
| Actions en circulation à la fin de l’exercice | - A | 1.011.479,663 |
|  | - B | 120.162,670 |
|  | - B CHF | 187,899 |
|  | - E | 189.890,858 |
|  | - F | 98.329,675 |
|  | - M | 145.367,532 |
|  | - N | 4.447,489 |
|  | - P | 33.452,000 |
|  | - V | 4.657,002 |
|  | - W | 3.796,081 |

DPAM L BONDS GOVERNMENT SUSTAINABLE HEDGED
| Actions en circulation au début de l’exercice | - A | 2.807,837 |
| --- | --- | --- |
|  | - B | 23.188,122 |
|  | - E | 6.659,713 |
|  | - F | 210.850,617 |
|  | - J | 4.926,841 |
|  | - L | 641,634 |
|  | - M | 5.134,775 |
|  | - N | 110,000 |
|  | - P | 10.021,000 |
|  | - V | 656,951 |
|  | - W | 11.034,319 |
| Actions émises au cours de l’exercice | - A | 8.840,031 |
|  | - B | 16.021,124 |
|  | - E | 11.862,995 |
|  | - F | 182.898,340 |
|  | - J | 3.388,000 |
|  | - L | 1.518,539 |
|  | - M | 15.211,204 |
|  | - N | 105,000 |
|  | - P | 18.173,000 |
|  | - V | 1.925,169 |
|  | - W | 19.991,203 |
| Actions remboursées au cours de l’exercice | - A | 3.664,122 |
|  | - B | 13.835,683 |
|  | - E | 9.380,713 |
|  | - F | 118.732,429 |
|  | - J | 1.962,000 |
|  | - L | 768,534 |
|  | - M | 1.116,394 |
|  | - N | 45,000 |
|  | - P | 14.145,000 |
|  | - V | 488,564 |
|  | - W | 6.576,226 |
| Actions en circulation à la fin de l’exercice | - A | 7.983,746 |
|  | - B | 25.373,563 |
|  | - E | 9.141,995 |
|  | - F | 275.016,528 |
|  | - J | 6.352,841 |
|  | - L | 1.391,639 |
|  | - M | 19.229,585 |
|  | - N | 170,000 |
|  | - P | 14.049,000 |
|  | - V | 2.093,556 |
|  | - W | 24.449,296 |

DPAM L EQUITIES CONVICTION RESEARCH
| Actions en circulation au début de l’exercice | - A | 3.619,590 |
| --- | --- | --- |
|  | - B | 15.870,395 |
|  | - F | 13.807,887 |
|  | - J | 5.090,659 |
|  | - M | 20.369,620 |
|  | - N | 5.171,705 |
|  | - P | 2.629,000 |
| Actions émises au cours de l’exercice | - A | 434,727 |
|  | - B | 1.605,572 |
|  | - F | 28.350,000 |
|  | - J | 2.248,000 |
|  | - M | 5.960,401 |
|  | - N | 722,800 |
|  | - P | 92,000 |
| Actions remboursées au cours de l’exercice | - A | 1.632,447 |
|  | - B | 2.477,942 |
|  | - F | 16.000,000 |
|  | - J | 264,000 |
|  | - M | 3.829,450 |
|  | - N | 2.117,863 |
|  | - P | 13,000 |
| Actions en circulation à la fin de l’exercice | - A | 2.421,870 |
|  | - B | 14.998,025 |
|  | - F | 26.157,887 |
|  | - J | 7.074,659 |
|  | - M | 22.500,571 |
|  | - N | 3.776,642 |
|  | - P | 2.708,000 |

DPAM L BONDS EUR HIGH YIELD SHORT TERM
| Actions en circulation au début de l’exercice | - A | 216.508,330 |
| --- | --- | --- |
|  | - B | 287.362,455 |
|  | - E | 186.623,563 |
|  | - F | 2.037.637,520 |
|  | - F CHF | 2.300,000 |
|  | - J | 2.421,153 |
|  | - L | 19.439,771 |
|  | - M | 143.975,996 |
|  | - N | 104.395,209 |
|  | - P | 197.397,000 |
|  | - V | 1.416,557 |
|  | - W | 167.760,683 |
| Actions émises au cours de l’exercice | - A | 17.294,314 |
|  | - B | 24.053,547 |
|  | - E | 23.387,000 |
|  | - F | 823.418,608 |
|  | - F CHF | 0,000 |
|  | - J | 185,000 |
|  | - L | 487,220 |
|  | - M | 5.498,846 |
|  | - N | 34.406,634 |
|  | - P | 32.732,000 |
|  | - V | 0,000 |
|  | - W | 53.421,334 |
| Actions remboursées au cours de l’exercice | - A | 43.716,458 |
|  | - B | 137.278,625 |
|  | - E | 45.959,654 |
|  | - F | 1.705.487,796 |
|  | - F CHF | 700,000 |
|  | - J | 81,000 |
|  | - L | 15.843,588 |
|  | - M | 30.773,903 |
|  | - N | 45.260,054 |
|  | - P | 115.241,000 |
|  | - V | 579,170 |
|  | - W | 136.928,125 |
| Actions en circulation à la fin de l’exercice | - A | 190.086,186 |
|  | - B | 174.137,377 |
|  | - E | 164.050,909 |
|  | - F | 1.155.568,332 |
|  | - F CHF | 1.600,000 |
|  | - J | 2.525,153 |
|  | - L | 4.083,403 |
|  | - M | 118.700,939 |
|  | - N | 93.541,789 |
|  | - P | 114.888,000 |
|  | - V | 837,387 |
|  | - W | 84.253,892 |

DPAM L PATRIMONIAL FUND
| Actions en circulation au début de l’exercice | - A | 272.317,685 |
| --- | --- | --- |
|  | - B | 271.497,555 |
|  | - E | 1.971,381 |
|  | - F | 129.974,656 |
|  | - M | 102.473,453 |
|  | - N | 48.822,478 |
| Actions émises au cours de l’exercice | - A | 1.117.140,904 |
|  | - B | 58.881,912 |
|  | - E | 0,000 |
|  | - F | 40.437,214 |
|  | - M | 2.537,426 |
|  | - N | 209,500 |
| Actions remboursées au cours de l’exercice | - A | 138.235,020 |
|  | - B | 65.053,977 |
|  | - E | 0,000 |
|  | - F | 116.083,438 |
|  | - M | 48.318,186 |
|  | - N | 10.099,311 |
| Actions en circulation à la fin de l’exercice | - A | 1.251.223,569 |
|  | - B | 265.325,490 |
|  | - E | 1.971,381 |
|  | - F | 54.328,432 |
|  | - M | 56.692,693 |
|  | - N | 38.932,667 |

DPAM L BONDS EMERGING MARKETS SUSTAINABLE
| Actions en circulation au début de l’exercice | - A | 669.594,387 |
| --- | --- | --- |
|  | - B | 1.071.096,164 |
|  | - B CHF | 1.371,268 |
|  | - B EUR HEDGED | 27.509,276 |
|  | - B USD | 184.421,901 |
|  | - E | 2.084.820,366 |
|  | - F | 6.104.651,980 |
|  | - F CHF | 35.410,469 |
|  | - F USD | 101.040,162 |
|  | - J | 9.056,809 |
|  | - L | 23.678,337 |
|  | - M | 355.179,584 |
|  | - N | 23.056,684 |
|  | - N USD | 115.891,750 |
|  | - P | 625.204,000 |
|  | - V | 108.026,000 |
|  | - V EUR HEDGED | 9.200,000 |
|  | - W | 1.540.340,996 |
|  | - W CHF | 11.416,000 |
|  | - W EUR HEDGED | 52.422,901 |
|  | - W USD | 1.652,070 |
| Actions émises au cours de l’exercice | - A | 347.469,232 |
|  | - B | 898.301,498 |
|  | - B CHF | 845,000 |
|  | - B EUR HEDGED | 672,835 |
|  | - B USD | 27.879,562 |
|  | - E | 964.337,127 |
|  | - F | 5.020.796,079 |
|  | - F CHF | 77.085,078 |
|  | - F USD | 2.464.003,194 |
|  | - J | 1.750,000 |
|  | - L | 31.021,616 |
|  | - M | 68.469,218 |
|  | - N | 9.749,000 |
|  | - N USD | 84.932,502 |
|  | - P | 316.608,000 |
|  | - V | 45.630,000 |
|  | - V EUR HEDGED | 1.519,795 |
|  | - W | 1.000.874,941 |
|  | - W CHF | 2.875,000 |
|  | - W EUR HEDGED | 1.965,838 |
|  | - W USD | 502.040,716 |
| Actions remboursées au cours de l’exercice | - A | 149.687,276 |
|  | - B | 512.202,364 |
|  | - B CHF | 685,000 |
|  | - B EUR HEDGED | 28.182,111 |
|  | - B USD | 64.108,850 |
|  | - E | 444.835,861 |
|  | - F | 2.585.643,832 |
|  | - F CHF | 16.475,563 |
|  | - F USD | 244.345,188 |
|  | - J | 1.932,000 |
|  | - L | 32.482,428 |
|  | - M | 49.430,882 |
|  | - N | 2.254,077 |
|  | - N USD | 31.635,000 |
|  | - P | 449.299,000 |
|  | - V | 4.341,000 |
|  | - V EUR HEDGED | 10.719,795 |
|  | - W | 724.410,245 |
|  | - W CHF | 6.926,000 |
|  | - W EUR HEDGED | 54.388,739 |
|  | - W USD | 18.233,660 |

| Actions en circulation à la fin de l’exercice | - A | 867.376,343 |
| --- | --- | --- |
|  | - B | 1.457.195,298 |
|  | - B CHF | 1.531,268 |
|  | - B EUR HEDGED | 0,000 |
|  | - B USD | 148.192,613 |
|  | - E | 2.604.321,632 |
|  | - F | 8.539.804,227 |
|  | - F CHF | 96.019,984 |
|  | - F USD | 2.320.698,168 |
|  | - J | 8.874,809 |
|  | - L | 22.217,525 |
|  | - M | 374.217,920 |
|  | - N | 30.551,607 |
|  | - N USD | 169.189,252 |
|  | - P | 492.513,000 |
|  | - V | 149.315,000 |
|  | - V EUR HEDGED | 0,000 |
|  | - W | 1.816.805,692 |
|  | - W CHF | 7.365,000 |
|  | - W EUR HEDGED | 0,000 |
|  | - W USD | 485.459,126 |

DPAM L BONDS EUR CORPORATE HIGH YIELD
| Actions en circulation au début de l’exercice | - A | 130.316,513 |
| --- | --- | --- |
|  | - B | 170.439,712 |
|  | - E | 57.943,841 |
|  | - F | 849.273,726 |
|  | - J | 3.771,000 |
|  | - L | 1.254,141 |
|  | - M | 154.156,261 |
|  | - N | 50,000 |
|  | - P | 68.014,767 |
|  | - V | 204.425,000 |
|  | - W | 6.206,195 |
| Actions émises au cours de l’exercice | - A | 27.842,033 |
|  | - B | 75.678,505 |
|  | - E | 7.939,000 |
|  | - F | 1.374.918,414 |
|  | - J | 348,000 |
|  | - L | 55,000 |
|  | - M | 34.202,318 |
|  | - N | 70,000 |
|  | - P | 202.258,000 |
|  | - V | 126.934,000 |
|  | - W | 44.742,268 |
| Actions remboursées au cours de l’exercice | - A | 32.075,689 |
|  | - B | 103.373,048 |
|  | - E | 9.150,000 |
|  | - F | 756.813,736 |
|  | - J | 702,000 |
|  | - L | 1.104,000 |
|  | - M | 32.192,719 |
|  | - N | 0,000 |
|  | - P | 182.006,000 |
|  | - V | 26.738,000 |
|  | - W | 10.009,150 |
| Actions en circulation à la fin de l’exercice | - A | 126.082,857 |
|  | - B | 142.745,169 |
|  | - E | 56.732,841 |
|  | - F | 1.467.378,404 |
|  | - J | 3.417,000 |
|  | - L | 205,141 |
|  | - M | 156.165,860 |
|  | - N | 120,000 |
|  | - P | 88.266,767 |
|  | - V | 304.621,000 |
|  | - W | 40.939,313 |

DPAM L GLOBAL TARGET INCOME
| Actions en circulation au début de l’exercice | - A | 193.642,633 |
| --- | --- | --- |
|  | - B | 66.520,566 |
|  | - E | 12.500,000 |
|  | - F | 434.772,626 |
|  | - M | 15.495,101 |
| Actions émises au cours de l’exercice | - A | 161.231,522 |
|  | - B | 34.783,615 |
|  | - E | 0,000 |
|  | - F | 27.971,627 |
|  | - M | 0,000 |
| Actions remboursées au cours de l’exercice | - A | 110.380,628 |
|  | - B | 61.964,764 |
|  | - E | 2.500,000 |
|  | - F | 130.168,827 |
|  | - M | 0,000 |
| Actions en circulation à la fin de l’exercice | - A | 244.493,527 |
|  | - B | 39.339,417 |
|  | - E | 10.000,000 |
|  | - F | 332.575,426 |
|  | - M | 15.495,101 |

DPAM L BONDS EUR GOVERNMENT 1-5*
| Actions en circulation au début de la période | - A | 32.956,000 |
| --- | --- | --- |
|  | - B | 11.735,000 |
|  | - F | 10.348,056 |
|  | - M | 26.937,006 |
|  | - N | 3.825,364 |
|  | - P | 0,000 |
| Actions émises au cours de la période | - A | 0,000 |
|  | - B | 0,000 |
|  | - F | 32.180,000 |
|  | - M | 1.541,000 |
|  | - N | 0,000 |
|  | - P | 0,000 |
| Actions remboursées au cours de la période | - A | 32.956,000 |
|  | - B | 11.735,000 |
|  | - F | 42.528,056 |
|  | - M | 28.478,006 |
|  | - N | 3.825,364 |
|  | - P | 0,000 |
| Actions en circulation à la fin de la période | - A | 0,000 |
|  | - B | 0,000 |
|  | - F | 0,000 |
|  | - M | 0,000 |
|  | - N | 0,000 |
|  | - P | 0,000 |

* cf Note 14
DPAM L BALANCED CONSERVATIVE SUSTAINABLE
| Actions en circulation au début de l’exercice | - A | 71.083,675 |
| --- | --- | --- |
|  | - B | 294.500,131 |
|  | - F | 39,600 |
|  | - V | 2.823,354 |
|  | - W | 1.408,649 |
| Actions émises au cours de l’exercice | - A | 252,429 |
|  | - B | 58.554,286 |
|  | - F | 333,993 |
|  | - V | 10.403,209 |
|  | - W | 0,000 |
| Actions remboursées au cours de l’exercice | - A | 4.866,000 |
|  | - B | 107.391,434 |
|  | - F | 32,750 |
|  | - V | 552,194 |
|  | - W | 0,000 |
| Actions en circulation à la fin de l’exercice | - A | 66.470,104 |
|  | - B | 245.662,983 |
|  | - F | 340,843 |
|  | - V | 12.674,369 |
|  | - W | 1.408,649 |

DPAM L BONDS CLIMATE TRENDS SUSTAINABLE
| Actions en circulation au début de l’exercice | - A | 3.000,000 |
| --- | --- | --- |
|  | - B | 1.500,000 |
|  | - F | 31.500,000 |
|  | - J | 713,000 |
|  | - M | 26.415,000 |
|  | - P | 1.060,000 |
|  | - W | 0,000 |
| Actions émises au cours de l’exercice | - A | 0,000 |
|  | - B | 3.008,456 |
|  | - F | 13.100,241 |
|  | - J | 3.648,000 |
|  | - M | 26.659,000 |
|  | - P | 0,000 |
|  | - W | 113.579,657 |
| Actions remboursées au cours de l’exercice | - A | 0,000 |
|  | - B | 135,198 |
|  | - F | 5.760,726 |
|  | - J | 0,000 |
|  | - M | 1.400,000 |
|  | - P | 60,000 |
|  | - W | 6.378,482 |
| Actions en circulation à la fin de l’exercice | - A | 3.000,000 |
|  | - B | 4.373,258 |
|  | - F | 38.839,515 |
|  | - J | 4.361,000 |
|  | - M | 51.674,000 |
|  | - P | 1.000,000 |
|  | - W | 107.201,175 |

DPAM L BONDS GOVERNMENT SUSTAINABLE*
| Actions en circulation au début de l’exercice | - B | 0,000 |
| --- | --- | --- |
|  | - F | 0,000 |
|  | - J | 0,000 |
|  | - M | 0,000 |
|  | - P | 0,000 |
| Actions émises au cours de l’exercice | - B | 950,000 |
|  | - F | 249.767,805 |
|  | - J | 3.135,000 |
|  | - M | 3.440,000 |
|  | - P | 52,000 |
| Actions remboursées au cours de l’exercice | - B | 0,000 |
|  | - F | 163.025,000 |
|  | - J | 42,000 |
|  | - M | 1.125,000 |
|  | - P | 52,000 |
| Actions en circulation à la fin de l’exercice | - B | 950,000 |
|  | - F | 86.742,805 |
|  | - J | 3.093,000 |
|  | - M | 2.315,000 |
|  | - P | 0,000 |

*Cf note 14
DPAM L CONVERTIBLE WORLD SUSTAINABLE*
| Actions en circulation au début de l’exercice | - B | 0,000 |
| --- | --- | --- |
|  | - F | 0,000 |
|  | - P | 0,000 |
| Actions émises au cours de l’exercice | - B | 100.000,000 |
|  | - F | 106.850,000 |
|  | - P | 330,000 |
| Actions remboursées au cours de l’exercice | - B | 0,000 |
|  | - F | 15.150,000 |
|  | - P | 0,000 |
| Actions en circulation à la fin de l’exercice | - B | 100.000,000 |
|  | - F | 91.700,000 |
|  | - P | 330,000 |

*Cf note 14
| Compartiment | Date d’Evaluation | Actif Net Total | Classe d'actions | Actions en Circulation | Valeur de l’Action | Devise |
| --- | --- | --- | --- | --- | --- | --- |

| DPAM L LIQUIDITY EUR &FRN | 31.12.2018 | 95.419.061,20 | - A | 39.757,634 | 117,25 | EUR |
| --- | --- | --- | --- | --- | --- | --- |
| (EUR) |  |  | - B | 12.766,867 | 333,22 | EUR |
|  |  |  | - F | 244.712,333 | 343,37 | EUR |
|  |  |  | - M | 11.159,206 | 117,43 | EUR |
|  |  |  | - N | 1.449,964 | 333,68 | EUR |
|  | 31.12.2019 | 22.541.115,30 | - A | 36.015,888 | 118,54 | EUR |
|  |  |  | - B | 5.365,857 | 337,60 | EUR |
|  |  |  | - F | 42.430,649 | 348,48 | EUR |
|  |  |  | - M | 11.882,206 | 118,94 | EUR |
|  |  |  | - N | 769,991 | 338,53 | EUR |
|  | 07.12.2020* | 16.708.498,82 | - A | 26.649,888 | 117,68 | EUR |
|  |  |  | - B | 4.607,755 | 335,04 | EUR |
|  |  |  | - F | 30.959,470 | 346,36 | EUR |
|  |  |  | - M | 8.856,144 | 118,18 | EUR |
|  |  |  | - N | 769,991 | 336,33 | EUR |

| DPAM L BONDS EUR QUALITY | 31.12.2018 | 922.377.588,13 | - A | 201.996,335 | 142,08 | EUR |
| --- | --- | --- | --- | --- | --- | --- |
| SUSTAINABLE |  |  | - B | 67.279,250 | 554,22 | EUR |
| (EUR) |  |  | - E | 13.598,693 | 419,91 | EUR |
|  |  |  | - F | 368.613,530 | 574,20 | EUR |
|  |  |  | - J | 12.648,881 | 24.330,01 | EUR |
|  |  |  | - M | 509.720,850 | 142,38 | EUR |
|  |  |  | - N | 4.195,896 | 555,50 | EUR |
|  |  |  | - P | 422.072,000 | 601,21 | EUR |
|  |  |  | - W | 4.633,888 | 564,92 | EUR |
|  | 31.12.2019 | 1.098.285.247,17 | - A | 153.580,271 | 150,10 | EUR |
|  |  |  | - B | 50.194,884 | 591,84 | EUR |
|  |  |  | - E | 10.983,693 | 445,37 | EUR |
|  |  |  | - F | 434.604,339 | 615,58 | EUR |
|  |  |  | - J | 14.155,881 | 26.122,70 | EUR |
|  |  |  | - M | 488.592,691 | 150,95 | EUR |
|  |  |  | - N | 3.265,523 | 595,31 | EUR |
|  |  |  | - P | 500.810,000 | 646,47 | EUR |
|  |  |  | - W | 6.365,583 | 605,39 | EUR |
|  | 31.12.2020 | 1.453.281.534,99 | - A | 175.040,594 | 151,89 | EUR |
|  |  |  | - B | 56.273,660 | 602,85 | EUR |
|  |  |  | - E | 20.053,693 | 452,50 | EUR |
|  |  |  | - F | 677.589,257 | 629,36 | EUR |
|  |  |  | - J | 20.092,881 | 26.747,59 | EUR |
|  |  |  | - L | 1.913,000 | 552,04 | EUR |
|  |  |  | - M | 608.412,577 | 153,30 | EUR |
|  |  |  | - N | 4.172,735 | 608,38 | EUR |
|  |  |  | - P | 480.699,000 | 662,93 | EUR |
|  |  |  | - W | 6.910,881 | 618,70 | EUR |

*Date de liquidation du compartiment
| Compartiment | Date d’Evaluation | Actif Net Total | Classe d'actions | Actions en Circulation | Valeur de l’Action | Devise |
| --- | --- | --- | --- | --- | --- | --- |

| DPAM L BONDS UNIVERSALIS | 31.12.2018 | 521.833.607,57 | - A | 394.157,432 | 128,71 | EUR |
| --- | --- | --- | --- | --- | --- | --- |
| UNCONSTRAINED |  |  | - B | 310.872,125 | 155,76 | EUR |
| (EUR) |  |  | - B CHF | 328,000 | 164,61 | CHF |
|  |  |  | - E | 37.357,518 | 111,58 | EUR |
|  |  |  | - F | 780.484,668 | 161,70 | EUR |
|  |  |  | - J | 5.686,702 | 24.828,01 | EUR |
|  |  |  | - M | 433.691,415 | 129,14 | EUR |
|  |  |  | - N | 32.698,658 | 156,27 | EUR |
|  |  |  | - P | 511.210,000 | 170,80 | EUR |
|  |  |  | - V | 1.191,000 | 137,16 | EUR |
|  |  |  | - W | 15.539,041 | 158,98 | EUR |
|  | 31.12.2019 | 953.418.774,25 | - A | 394.574,174 | 144,06 | EUR |
|  |  |  | - B | 383.675,964 | 177,72 | EUR |
|  |  |  | - B CHF | 328,000 | 181,25 | CHF |
|  |  |  | - E | 292.002,406 | 125,44 | EUR |
|  |  |  | - F | 1.895.720,751 | 185,29 | EUR |
|  |  |  | - J | 6.594,702 | 28.507,10 | EUR |
|  |  |  | - M | 613.052,741 | 145,16 | EUR |
|  |  |  | - N | 31.578,308 | 179,04 | EUR |
|  |  |  | - P | 693.610,000 | 196,50 | EUR |
|  |  |  | - V | 1.208,632 | 154,13 | EUR |
|  |  |  | - W | 117.100,224 | 182,08 | EUR |
|  | 31.12.2020 | 1.237.465.035,52 | - A | 393.087,761 | 145,65 | EUR |
|  |  |  | - B | 464.736,593 | 181,30 | EUR |
|  |  |  | - B CHF | 328,000 | 184,01 | CHF |
|  |  |  | - E | 171.813,153 | 127,43 | EUR |
|  |  |  | - F | 2.907.916,620 | 189,79 | EUR |
|  |  |  | - J | 7.765,702 | 29.257,42 | EUR |
|  |  |  | - M | 742.892,326 | 147,42 | EUR |
|  |  |  | - N | 34.741,923 | 183,35 | EUR |
|  |  |  | - P | 683.890,000 | 202,08 | EUR |
|  |  |  | - V | 2.897,632 | 156,49 | EUR |
|  |  |  | - W | 216.525,433 | 186,42 | EUR |

| Compartiment | Date d’Evaluation | Actif Net Total | Classe d'actions | Actions en Circulation | Valeur de l’Action | Devise |
| --- | --- | --- | --- | --- | --- | --- |

| DPAM L BONDS HIGHER YIELD | 31.12.2018 | 167.533.062,34 | - A | 1.057.928,580 | 83,80 | EUR |
| --- | --- | --- | --- | --- | --- | --- |
| (EUR) |  |  | - B | 135.155,551 | 248,05 | EUR |
|  |  |  | - B CHF | 123,392 | 275,07 | CHF |
|  |  |  | - E | 219.108,391 | 94,65 | EUR |
|  |  |  | - F | 13.887,677 | 258,57 | EUR |
|  |  |  | - M | 179.821,999 | 84,11 | EUR |
|  |  |  | - N | 5.165,315 | 248,92 | EUR |
|  |  |  | - P | 136,000 | 260,17 | EUR |
|  |  |  | - V | 9.696,622 | 91,72 | EUR |
|  |  |  | - W | 3.689,402 | 254,10 | EUR |
|  | 31.12.2019 | 180.673.248,02 | - A | 980.576,507 | 91,34 | EUR |
|  |  |  | - B | 127.659,524 | 278,87 | EUR |
|  |  |  | - B CHF | 123,392 | 298,34 | CHF |
|  |  |  | - E | 189.890,858 | 103,64 | EUR |
|  |  |  | - F | 24.262,776 | 292,01 | EUR |
|  |  |  | - M | 160.180,842 | 92,07 | EUR |
|  |  |  | - N | 4.893,381 | 281,00 | EUR |
|  |  |  | - P | 36.486,000 | 295,01 | EUR |
|  |  |  | - V | 8.627,772 | 100,39 | EUR |
|  |  |  | - W | 3.330,452 | 286,86 | EUR |
|  | 31.12.2020 | 203.342.180,07 | - A | 1.011.479,663 | 91,28 | EUR |
|  |  |  | - B | 120.162,670 | 288,74 | EUR |
|  |  |  | - B CHF | 187,899 | 306,88 | CHF |
|  |  |  | - E | 189.890,858 | 104,13 | EUR |
|  |  |  | - F | 98.329,675 | 303,57 | EUR |
|  |  |  | - M | 145.367,532 | 92,46 | EUR |
|  |  |  | - N | 4.447,489 | 292,02 | EUR |
|  |  |  | - P | 33.452,000 | 307,93 | EUR |
|  |  |  | - V | 4.657,002 | 100,82 | EUR |
|  |  |  | - W | 3.796,081 | 298,09 | EUR |

| Compartiment | Date d’Evaluation | Actif Net Total | Classe d'actions | Actions en Circulation | Valeur de l’Action | Devise |
| --- | --- | --- | --- | --- | --- | --- |

| DPAM L BONDS GOVERNMENT | 31.12.2018 | 338.651.013,80 | - A | 3.795,718 | 1.295,66 | EUR |
| --- | --- | --- | --- | --- | --- | --- |
| SUSTAINABLE HEDGED |  |  | - B | 8.699,518 | 1.306,46 | EUR |
| (EUR) |  |  | - E | 4.983,000 | 1.322,12 | EUR |
|  |  |  | - F | 151.793,187 | 1.578,85 | EUR |
|  |  |  | - J | 1.794,841 | 25.354,32 | EUR |
|  |  |  | - L | 329,866 | 1.292,48 | EUR |
|  |  |  | - M | 833,465 | 1.298,22 | EUR |
|  |  |  | - N | 284,974 | 1.309,07 | EUR |
|  |  |  | - P | 11.797,590 | 1.619,05 | EUR |
|  |  |  | - V | 164,725 | 1.331,81 | EUR |
|  |  |  | - W | 7.124,556 | 1.321,16 | EUR |
|  | 31.12.2019 | 562.120.308,41 | - A | 2.807,837 | 1.341,67 | EUR |
|  |  |  | - B | 23.188,122 | 1.356,20 | EUR |
|  |  |  | - E | 6.659,713 | 1.372,63 | EUR |
|  |  |  | - F | 210.850,617 | 1.643,96 | EUR |
|  |  |  | - J | 4.926,841 | 26.426,26 | EUR |
|  |  |  | - L | 641,634 | 1.339,83 | EUR |
|  |  |  | - M | 5.134,775 | 1.347,07 | EUR |
|  |  |  | - N | 110,000 | 1.362,65 | EUR |
|  |  |  | - P | 10.021,000 | 1.689,24 | EUR |
|  |  |  | - V | 656,951 | 1.382,07 | EUR |
|  |  |  | - W | 11.034,319 | 1.375,07 | EUR |
|  | 31.12.2020 | 792.148.003,56 | - A | 7.983,746 | 1.383,82 | EUR |
|  |  |  | - B | 25.373,563 | 1.399,45 | EUR |
|  |  |  | - E | 9.141,995 | 1.419,50 | EUR |
|  |  |  | - F | 275.016,528 | 1.700,10 | EUR |
|  |  |  | - J | 6.352,841 | 27.356,05 | EUR |
|  |  |  | - L | 1.391,639 | 1.379,48 | EUR |
|  |  |  | - M | 19.229,585 | 1.392,39 | EUR |
|  |  |  | - N | 170,000 | 1.408.61 | EUR |
|  |  |  | - P | 14.049,000 | 1.750,42 | EUR |
|  |  |  | - V | 2.093,556 | 1.428,59 | EUR |
|  |  |  | - W | 24.449,296 | 1.421,39 | EUR |

| DPAM L EQUITIES CONVICTION | 31.12.2018 | 63.244.879,19 | - A | 5.951,310 | 950,99 | EUR |
| --- | --- | --- | --- | --- | --- | --- |
| RESEARCH |  |  | - B | 20.826,336 | 1.090,38 | EUR |
| (EUR) |  |  | - F | 9.307,887 | 91,90 | EUR |
|  |  |  | - J | 316,659 | 23.099,64 | EUR |
|  |  |  | - M | 20.193,219 | 956,96 | EUR |
|  |  |  | - N | 6.732,280 | 1.096,57 | EUR |
|  | 31.12.2019 | 277.846.817,78 | - A | 3.619,590 | 1.156,38 | EUR |
|  |  |  | - B | 15.870,395 | 1.362,75 | EUR |
|  |  |  | - F | 13.807,887 | 115,46 | EUR |
|  |  |  | - J | 5.090,659 | 29.078,86 | EUR |
|  |  |  | - M | 20.369,620 | 1.169,90 | EUR |
|  |  |  | - N | 5.171,705 | 1.377,19 | EUR |
|  |  |  | - P | 2.629,000 | 27.179,96 | EUR |
|  | 31.12.2020 | 328.420.264,83 | - A | 2.421,870 | 1.088,33 | EUR |
|  |  |  | - B | 14.998,025 | 1.323,42 | EUR |
|  |  |  | - F | 26.157,887 | 112,60 | EUR |
|  |  |  | - J | 7.074,659 | 28.410,50 | EUR |
|  |  |  | - M | 22.500,571 | 1.105,43 | EUR |
|  |  |  | - N | 3.776,642 | 1.342,54 | EUR |
|  |  |  | - P | 2.708,000 | 26.607,39 | EUR |

| Compartiment | Date d’Evaluation | Actif Net Total | Classe d'actions | Actions en Circulation | Valeur de l’Action | Devise |
| --- | --- | --- | --- | --- | --- | --- |

| DPAM L BONDS EUR HIGH YIELD | 31.12.2018 | 558.331.926,64 | - A | 244.601,571 | 110,14 | EUR |
| --- | --- | --- | --- | --- | --- | --- |
| SHORT TERM |  |  | - B | 262.265,347 | 134,08 | EUR |
| (EUR) |  |  | - E | 146.553,318 | 113,76 | EUR |
|  |  |  | - F | 2.769.267,403 | 138,25 | EUR |
|  |  |  | - F CHF | 3.470,000 | 155,58 | CHF |
|  |  |  | - J | 1.686,153 | 24.647,71 | EUR |
|  |  |  | - L | 7.552,762 | 132,87 | EUR |
|  |  |  | - M | 87.912,263 | 110,43 | EUR |
|  |  |  | - N | 22.420,287 | 134,43 | EUR |
|  |  |  | - P | 129.735,000 | 142,78 | EUR |
|  |  |  | - V | 2.123,841 | 110,91 | EUR |
|  |  |  | - W | 162.364,625 | 136,55 | EUR |
|  | 31.12.2019 | 523.387.425,04 | - A | 216.508,330 | 111,85 | EUR |
|  |  |  | - B | 287.362,455 | 137,55 | EUR |
|  |  |  | - E | 186.623,563 | 115,95 | EUR |
|  |  |  | - F | 2.037.637,520 | 142,33 | EUR |
|  |  |  | - F CHF | 2.300,000 | 154,45 | CHF |
|  |  |  | - J | 2.421,153 | 25.413,33 | EUR |
|  |  |  | - L | 19.439,771 | 135,92 | EUR |
|  |  |  | - M | 143.975,996 | 112,52 | EUR |
|  |  |  | - N | 104.395,209 | 138,33 | EUR |
|  |  |  | - P | 197.397,000 | 147,44 | EUR |
|  |  |  | - V | 1.416,557 | 113,01 | EUR |
|  |  |  | - W | 167.760,683 | 140,53 | EUR |
|  | 31.12.2020 | 343.131.780,14 | - A | 190.086,186 | 108,22 | EUR |
|  |  |  | - B | 174.137,377 | 135,25 | EUR |
|  |  |  | - E | 164.050,909 | 112,59 | EUR |
|  |  |  | - F | 1.155.568,332 | 140,34 | EUR |
|  |  |  | - F CHF | 1.600,000 | 151,48 | CHF |
|  |  |  | - J | 2.525,153 | 25.094,22 | EUR |
|  |  |  | - L | 4.083,403 | 133,17 | EUR |
|  |  |  | - M | 118.700,939 | 109,22 | EUR |
|  |  |  | - N | 93.541,789 | 136,34 | EUR |
|  |  |  | - P | 114.888,000 | 145,81 | EUR |
|  |  |  | - V | 837,387 | 109,70 | EUR |
|  |  |  | - W | 84.253,892 | 138,51 | EUR |

| DPAM L PATRIMONIAL FUND | 31.12.2018 | 101.756.431,92 | - A | 340.160,269 | 104,39 | EUR |
| --- | --- | --- | --- | --- | --- | --- |
| (EUR) |  |  | - B | 262.479,926 | 116,20 | EUR |
|  |  |  | - E | 1.971,381 | 110,93 | EUR |
|  |  |  | - F | 109.128,825 | 121,15 | EUR |
|  |  |  | - M | 150.829,403 | 104,75 | EUR |
|  |  |  | - N | 55.822,625 | 116,56 | EUR |
|  | 31.12.2019 | 102.519.310,22 | - A | 272.317,685 | 114,88 | EUR |
|  |  |  | - B | 271.497,555 | 129,44 | EUR |
|  |  |  | - E | 1.971,381 | 122,63 | EUR |
|  |  |  | - F | 129.974,656 | 135,55 | EUR |
|  |  |  | - M | 102.473,453 | 115,79 | EUR |
|  |  |  | - N | 48.822,478 | 130,38 | EUR |
|  | 31.12.2020 | 196.171.263,10 | - A | 1.251.223,569 | 113,81 | EUR |
|  |  |  | - B | 265.325,490 | 129,85 | EUR |
|  |  |  | - E | 1.971,381 | 122,12 | EUR |
|  |  |  | - F | 54.328,432 | 136,72 | EUR |
|  |  |  | - M | 56.692,693 | 115,26 | EUR |
|  |  |  | - N | 38.932,667 | 131,45 | EUR |

| Compartiment | Date d’Evaluation | Actif Net Total | Classe d'actions | Actions en Circulation | Valeur de l’Action | Devise |
| --- | --- | --- | --- | --- | --- | --- |

| DPAM L BONDS EMERGING | 31.12.2018 | 1.344.452.672,28 | - A | 326.604,905 | 99,55 | EUR |
| --- | --- | --- | --- | --- | --- | --- |
| MARKETS SUSTAINABLE |  |  | - B | 354.620,856 | 120,85 | EUR |
| (EUR) |  |  | - B CHF | 1.292,453 | 134,03 | CHF |
|  |  |  | - B EUR HEDGED | 88.431,699 | 99,74 | EUR |
|  |  |  | - B USD | 219.576,801 | 106,10 | USD |
|  |  |  | - E | 1.710.482,891 | 102,20 | EUR |
|  |  |  | - F | 5.098.830,720 | 124,88 | EUR |
|  |  |  | - F CHF | 75.633,843 | 140,30 | CHF |
|  |  |  | - F USD | 109.221,067 | 113,33 | USD |
|  |  |  | - J | 7.365,809 | 24.925,02 | EUR |
|  |  |  | - L | 25.369,909 | 119,84 | EUR |
|  |  |  | - M | 137.439,966 | 99,96 | EUR |
|  |  |  | - N | 25.772,294 | 121,34 | EUR |
|  |  |  | - N USD | 119.387,000 | 106,11 | USD |
|  |  |  | - P | 651.515,000 | 128,36 | EUR |
|  |  |  | - V EUR HEDGED | 6.790,000 | 100,56 | EUR |
|  |  |  | - W | 396.411,547 | 124,79 | EUR |
|  |  |  | - W EUR HEDGED | 591.129,025 | 100,56 | EUR |
|  |  |  | - W USD | 1.468,698 | 106,34 | USD |
|  | 31.12.2019 | 1.965.768.653,09 | - A | 669.594,387 | 105,92 | EUR |
|  |  |  | - B | 1.071.096,164 | 134,33 | EUR |
|  |  |  | - B CHF | 1.371,268 | 143,28 | CHF |
|  |  |  | - B EUR HEDGED | 27.509,276 | 104,04 | EUR |
|  |  |  | - B USD | 184.421,901 | 115,84 | USD |
|  |  |  | - E | 2.084.820,366 | 109,30 | EUR |
|  |  |  | - F | 6.104.651,980 | 139,47 | EUR |
|  |  |  | - F CHF | 35.410,469 | 151,01 | CHF |
|  |  |  | - F USD | 101.040,162 | 124,29 | USD |
|  |  |  | - J | 9.056,809 | 27.892,51 | EUR |
|  |  |  | - L | 23.678,337 | 132,82 | EUR |
|  |  |  | - M | 355.179,584 | 106,83 | EUR |
|  |  |  | - N | 23.056,684 | 135,46 | EUR |
|  |  |  | - N USD | 115.891,750 | 116,32 | USD |
|  |  |  | - P | 625.204,000 | 143,93 | EUR |
|  |  |  | - V EUR HEDGED | 108.026,000 | 111,00 | EUR |
|  |  |  | - W | 9.200,000 | 100,67 | EUR |
|  |  |  | - W EUR HEDGED | 1.540.340,996 | 139,30 | EUR |
|  |  |  | - W USD | 11.416,000 | 143,66 | USD |
|  | 31.12.2020 | 2.684.377.276,46 | - A | 867.376,343 | 98,07 | EUR |
|  |  |  | - B | 1.457.195,298 | 131,52 | EUR |
|  |  |  | - B CHF | 1.531,268 | 139,37 | CHF |
|  |  |  | - B USD | 148.192,613 | 123,61 | USD |
|  |  |  | - E | 2.604.321,632 | 101,69 | EUR |
|  |  |  | - F | 8.539.804,227 | 137,13 | EUR |
|  |  |  | - F CHF | 96.019,984 | 148,07 | CHF |
|  |  |  | - F USD | 2.320.698,168 | 133,21 | USD |
|  |  |  | - J | 8.874,809 | 27.481,08 | EUR |
|  |  |  | - L | 22.217,525 | 129,51 | EUR |
|  |  |  | - M | 374.217,920 | 99,30 | EUR |
|  |  |  | - N | 30.551,607 | 133,14 | EUR |
|  |  |  | - N USD | 169.189,252 | 124,62 | USD |
|  |  |  | - P | 492.513,000 | 142,09 | EUR |
|  |  |  | - V | 149.315,000 | 109,10 | EUR |
|  |  |  | - W | 1.816.805,692 | 136,92 | EUR |
|  |  |  | - W CHF | 7.365,000 | 140,57 | CHF |
|  |  |  | - W USD | 485.459,126 | 124,85 | USD |

| Compartiment | Date d’Evaluation | Actif Net Total | Classe d'actions | Actions en Circulation | Valeur de l’Action | Devise |
| --- | --- | --- | --- | --- | --- | --- |

| DPAM L BONDS EUR CORPORATE | 31.12.2018 | 76.104.903,15 | - A | 48.360,752 | 117,40 | EUR |
| --- | --- | --- | --- | --- | --- | --- |
| HIGH YIELD |  |  | - B | 25.930,155 | 130,82 | EUR |
| (EUR) |  |  | - F | 335.891,603 | 133,99 | EUR |
|  |  |  | - L | 150,141 | 95,80 | EUR |
|  |  |  | - M | 47.825,262 | 117,93 | EUR |
|  |  |  | - N | 325,000 | 131,34 | EUR |
|  |  |  | - P | 114.210,767 | 139,84 | EUR |
|  |  |  | - W | 2.728,415 | 131,69 | EUR |
|  | 31.12.2019 | 336.882.124,78 | - A | 130.316,513 | 127,32 | EUR |
|  |  |  | - B | 170.439,712 | 145,76 | EUR |
|  |  |  | - E | 57.943,841 | 150,04 | EUR |
|  |  |  | - F | 849.273,726 | 150,04 | EUR |
|  |  |  | - J | 3.771,000 | 27.893,04 | EUR |
|  |  |  | - L | 1.254,141 | 106,37 | EUR |
|  |  |  | - M | 154.156,261 | 128,54 | EUR |
|  |  |  | - N | 50,000 | 133,80 | EUR |
|  |  |  | - P | 68.014,767 | 157,22 | EUR |
|  |  |  | - V | 204.425,000 | 110,46 | EUR |
|  |  |  | - W | 6.206,195 | 147,40 | EUR |
|  | 31.12.2020 | 438.302.145,99 | - A | 126.082,857 | 124,22 | EUR |
|  |  |  | - B | 142.745,169 | 146,88 | EUR |
|  |  |  | - E | 56.732,841 | 147,21 | EUR |
|  |  |  | - F | 1.467.378,404 | 151,81 | EUR |
|  |  |  | - J | 3.417,000 | 28.278,73 | EUR |
|  |  |  | - L | 205,141 | 106,75 | EUR |
|  |  |  | - M | 156.165,860 | 125,93 | EUR |
|  |  |  | - N | 120,000 | 135,37 | EUR |
|  |  |  | - P | 88.266,767 | 159,70 | EUR |
|  |  |  | - V | 304.621,000 | 111,72 | EUR |
|  |  |  | - W | 40.939,313 | 149,07 | EUR |

| DPAM L GLOBAL TARGET INCOME | 31.12.2018 | 74.271.386,59 | - A | 125.173,248 | 94,55 | EUR |
| --- | --- | --- | --- | --- | --- | --- |
| (EUR) |  |  | - B | 103.393,449 | 106,89 | EUR |
|  |  |  | - E | 12.500,000 | 92,02 | EUR |
|  |  |  | - F | 471.098,853 | 103,30 | EUR |
|  |  |  | - M | 16.495,101 | 95,04 | EUR |
|  | 31.12.2019 | 81.828.024,87 | - A | 193.642,633 | 103,59 | EUR |
|  |  |  | - B | 66.520,566 | 120,47 | EUR |
|  |  |  | - E | 12.500,000 | 101,32 | EUR |
|  |  |  | - F | 434.772,626 | 116,99 | EUR |
|  |  |  | - M | 15.495,101 | 104,67 | EUR |
|  | 31.12.2020 | 68.706.805,65 | - A | 244.493,527 | 97,19 | EUR |
|  |  |  | - B | 39.339,417 | 116,76 | EUR |
|  |  |  | - E | 10.000,000 | 95,46 | EUR |
|  |  |  | - F | 332.575,426 | 113,86 | EUR |
|  |  |  | - M | 15.495,101 | 98,65 | EUR |

| Compartiment | Date d’Evaluation | Actif Net Total | Classe d'actions | Actions en Circulation | Valeur de l’Action | Devise |
| --- | --- | --- | --- | --- | --- | --- |

| DPAM L BONDS EUR GOVERNMENT | 31.12.2018 | 36.741.384,61 | - A | 44.768,000 | 99,68 | EUR |
| --- | --- | --- | --- | --- | --- | --- |
| 1-5 |  |  | - B | 98.373,000 | 100,20 | EUR |
| (EUR) |  |  | - F | 142.705,885 | 101,23 | EUR |
|  |  |  | - M | 32.513,988 | 99,85 | EUR |
|  |  |  | - N | 3.825,364 | 100,40 | EUR |
|  | 31.12.2019 | 8.599.230,85 | - A | 32.956,000 | 99,73 | EUR |
|  |  |  | - B | 11.735,000 | 100,47 | EUR |
|  |  |  | - F | 10.348,056 | 101,62 | EUR |
|  |  |  | - M | 26.937,006 | 100,10 | EUR |
|  |  |  | - N | 3.825,364 | 100,76 | EUR |
|  | 07.12.2020* | 9.691.502,05 | - A | 31.035,000 | 99,22 | EUR |
|  |  |  | - B | 8.915,000 | 100,05 | EUR |
|  |  |  | - F | 32.630,000 | 101,22 | EUR |
|  |  |  | - M | 23.455,992 | 99,64 | EUR |
|  |  |  | - N | 799,880 | 100,30 | EUR |

| DPAM L BALANCED CONSERVATIVE | 31.12.2018 | 57.657.308,66 | - A | 90.601,337 | 98,67 | EUR |
| --- | --- | --- | --- | --- | --- | --- |
| SUSTAINABLE |  |  | - B | 378.810,068 | 128,61 | EUR |
| (EUR) |  |  |  |  |  |  |
|  | 31.12.2019 | 52.340.166,46 | - A | 71.083,675 | 110,61 | EUR |
|  |  |  | - B | 294.500,131 | 145,53 | EUR |
|  |  |  | - F | 39,600 | 27.826,47 | EUR |
|  |  |  | - V | 2.823,354 | 110,87 | EUR |
|  |  |  | - W | 1.408,649 | 145,88 | EUR |
|  | 31.12.2020 | 57.263.570,42 | - A | 66.470,104 | 115,82 | EUR |
|  |  |  | - B | 245.662,983 | 153,76 | EUR |
|  |  |  | - F | 340,843 | 29.606,64 | EUR |
|  |  |  | - V | 12.674,369 | 116,90 | EUR |
|  |  |  | - W | 1.408,649 | 155,16 | EUR |

| DPAM L BONDS CLIMATE TRENDS | 28.06.2019 | 43.990.000,00 | - A | 4.800,000 | 100,00 | EUR |
| --- | --- | --- | --- | --- | --- | --- |
| SUSTAINABLE |  |  | - F | 31.500,000 | 100,00 | EUR |
| (EUR) |  |  | - J | 516,000 | 25.000,00 | EUR |
|  |  |  | - M | 9.600,000 | 100,00 | EUR |
|  |  |  | - P | 1.060,000 | 25.000,00 | EUR |
|  | 31.12.2019 | 51.326.850,94 | - A | 3.000,000 | 101,13 | EUR |
|  |  |  | - B | 1.500,000 | 101,12 | EUR |
|  |  |  | - F | 31.500,000 | 101,36 | EUR |
|  |  |  | - J | 713,000 | 25.366,54 | EUR |
|  |  |  | - M | 26.415,000 | 101,33 | EUR |
|  |  |  | - P | 1.060,000 | 25.392,23 | EUR |
|  | 31.12.2020 | 162.338.262,33 | - A | 3.000,000 | 103,92 | EUR |
|  |  |  | - B | 4.373,258 | 103,83 | EUR |
|  |  |  | - F | 38.839,515 | 104,62 | EUR |
|  |  |  | - J | 4.361,000 | 26.232,56 | EUR |
|  |  |  | - M | 51.674,000 | 104,54 | EUR |
|  |  |  | - P | 1.000,000 | 26.312,20 | EUR |
|  |  |  | - W | 107.201,175 | 106,30 | EUR |

*Date de liquidation du compartiment
| Compartiment | Date d’Evaluation | Actif Net Total | Classe d'actions | Actions en Circulation | Valeur de l’Action | Devise |
| --- | --- | --- | --- | --- | --- | --- |

| DPAM L BONDS GOVERNMENT | 24.01.2020* | 98.745.000,00 | - F | 193.700,000 | 100,00 | EUR |
| --- | --- | --- | --- | --- | --- | --- |
| SUSTAINABLE |  |  | - J | 3.135,000 | 25.000,00 | EUR |
| (EUR) |  |  | - P | 40,000 | 25.000,00 | EUR |
|  | 31.12.2020 | 86.938.604,94 | - B | 950,000 | 99,88 | EUR |
|  |  |  | - F | 86.742,805 | 100,63 | EUR |
|  |  |  | - J | 3.093,000 | 25.180,37 | EUR |
|  |  |  | - M | 2.315,000 | 100,08 | EUR |

| DPAM L CONVERTIBLE WORLD | 30.10.2020* | 4.420.000,000 | - F | 44.200,000 | 100,00 | EUR |
| --- | --- | --- | --- | --- | --- | --- |
| SUSTAINABLE |  |  |  |  |  |  |
| (EUR) | 31.12.2020 | 28.867.491,23 | - B | 100.000,000 | 101,93 | EUR |
|  |  |  | - F | 91.700,000 | 108,10 | EUR |
|  |  |  | - P | 330,000 | 26.552,74 | EUR |

*Date de création du compartiment

## NOTE 1 - PRINCIPES ET MÉTHODES COMPTABLES
Les états financiers sont préparés conformément aux principes comptables généralement admis à Luxembourg.
- Evaluation du portefeuille-titres et des instruments dérivés
	- La valeur des espèces en caisse ou en dépôt, des effets et des billets payables à vue et des comptes à recevoir, des dépenses payées d'avance, des dividendes et intérêts annoncés ou venus à échéance et non encore touchés est constituée par la valeur nominale de ces avoirs, sauf toutefois s'il s'avère improbable que cette valeur puisse être encaissée ; dans ce dernier cas, la valeur sera déterminée en retranchant un tel montant que la SICAV estimera adéquat en vue de refléter la valeur réelle de ces avoirs.
	- La valeur de toutes valeurs mobilières, instruments du marché monétaire et instruments financiers dérivés qui sont cotés sur une bourse ou négociés sur tout autre marché réglementé, qui fonctionne de manière régulière, est reconnu et ouvert au public est déterminée suivant leur dernier cours disponible.
	- Dans les cas où des investissements de la SICAV sont cotés en bourse ou négociés sur un autre marché réglementé, qui fonctionne de manière régulière, est reconnu et ouvert au public et négociés par des teneurs de marché en dehors du marché boursier sur lequel les investissements sont cotés ou du marché sur lequel ils sont négociés, le Conseil d'Administration pourra déterminer le marché principal pour les investissements en question qui seront dès lors évalués au dernier cours disponible sur ce marché.
	- Les instruments financiers dérivés qui ne sont pas cotés sur une bourse officielle ou négociés sur tout autre marché réglementé, qui fonctionne de manière régulière et est reconnu et ouvert au public, seront évalués en conformité avec la pratique de marché, telle qu'elle pourra être décrite plus en détail dans le Prospectus.
	- La valeur des titres représentatifs de tout Organisme de Placement Collectif ouvert est déterminée suivant la dernière Valeur Nette d’Inventaire officielle par part ou suivant la dernière Valeur Nette d’Inventaire estimative si cette dernière est plus récente que la Valeur Nette d’Inventaire officielle, à condition que la SICAV ait l’assurance que la méthode d’évaluation utilisée pour cette estimation est cohérente avec celle utilisée pour le calcul de la Valeur Nette d’Inventaire officielle.
	- Dans la mesure où :
		- les valeurs mobilières, instruments du marché monétaire et/ou instruments financiers dérivés en portefeuille au Jour d'Evaluation ne sont cotés ou négociés ni à une bourse, ni sur un autre marché réglementé, en fonctionnement régulier, reconnu et ouvert au public ou,
		- pour des valeurs mobilières, dépôts à terme, instruments du marché monétaire, instruments financiers dérivés et/ou titres représentatifs d’Organismes de Placement Collectif cotés et négociés en bourse ou à un tel autre marché mais pour lesquels le prix déterminé suivant les alinéas 1) et 2) n'est pas, de l'avis du Conseil d’Administration, représentatif de la valeur réelle de ces valeurs mobilières, dépôts à terme, instruments du marché monétaire, instruments financiers dérivés et/ou titres représentatifs d’Organismes de Placement Collectif ; le Conseil d’Administration estime la valeur avec prudence et bonne foi.


- Plus ou moins-values nettes réalisées sur investissementsLes plus ou moins-values nettes réalisées sur ventes de titres sont calculées sur base du coût moyen des titres vendus.
- Coût d'acquisition des titres en portefeuillePour les titres libellés en devises autres que la devise du compartiment, le coût d'acquisition est calculé sur base du cours de change en vigueur au jour de l'achat.
- Variation des plus ou moins-values nettes non réaliséesLa variation de la plus ou moins-value non réalisée sur investissements à la fin de l’exercice figure dans le résultat des opérations.
- Revenus, dépenses et provisions y relativesLes intérêts sont comptabilisés chaque jour et les dividendes sont enregistrés à l’ "ex-date". Les intérêts et revenus sont comptabilisés nets des précomptes mobiliers non recouvrables.
- Frais d’établissement et de réorganisationLes frais d’établissement sont amortis linéairement sur une période de cinq ans.

Si le lancement d'un compartiment intervient après la date de lancement de la SICAV, les frais d’établissement en relation avec le lancement du nouveau compartiment seront imputés à ce seul compartiment et pourront être amortis sur un maximum de cinq ans à partir de la date de lancement de ce compartiment.
- Variation du portefeuille-titresLe tableau des variations du portefeuille-titres des compartiments est disponible sans frais au siège social de la SICAV.
- Conversion des devises étrangèresLa comptabilité de la SICAV est tenue en EUR. Les avoirs en banque, les autres actifs nets ainsi que la valeur boursière des titres en portefeuille en d'autres devises que le EUR sont convertis en EUR aux cours de change en vigueur à la date de clôture.

Les revenus et frais en devises autres que le EUR sont convertis en EUR aux cours de change en vigueur à la date de paiement.
- Etats financiers combinésLes états financiers combinés de la SICAV sont établis en EUR et sont égaux à la somme des rubriques correspondantes dans les états financiers de chaque compartiment.
- Investissements croisésLes investissements croisés entre compartiments de la SICAV n'ont pas été soustraits au niveau de l'état combiné du patrimoine. Au 31 décembre 2020, le montant total des investissements croisés est de EUR 45.984.907,42 et par conséquent, l'actif net combiné sans les investissements croisés est de EUR 8.034.769.312,81.


## NOTE 2 - TAUX DE CHANGE
1  EUR	=	1,08155 CHF
1  EUR	=	1,22355 USD

## NOTE 3 - TAXES ET FRAIS À PAYER
| Commission de performance Commission de gestion Commission de banque dépositaire Taxe d'abonnement Frais et commissions divers | 197.700,54	EUR 6.137.237,99	EUR 460.471,94	EUR 388.521,11	EUR 2,290,740.80	EUR |
| --- | --- |
| Total | 9.474.672,38	EUR |

NOTE 4 - COMMISSION SUR SOUSCRIPTION ET CONVERSION D'ACTIONS

### Droit d’entrée
Les souscriptions des compartiments sont acceptées sur base de la Valeur Nette d'Inventaire du Jour d'Evaluation, majorée d'un droit d'entrée aux taux suivants au profit des agents actifs dans la commercialisation et le placement des parts :
| Classe d’actions | Droit d’entrée |
| --- | --- |
| A | Max. 2% |
| B, B CHF, B EUR HEDGED, B USD HEDGED | Max. 2% |
| E | Max. 1% |
| F, F CHF, F USD | Max. 1% |
| J | 0% |
| L | Max. 2% |
| M, M USD | Max. 1% |
| N, N USD | Max. 1% |
| P | 0% |
| V, V EUR HEDGED | Max. 2% |
| W, W CHF, W W EUR HEDGED, W USD | Max. 2% |
| Z | 0% |


### Droit de conversion
Différence du droit d’entrée respectif des compartiments concernés pour autant que le droit d’entrée prélevé au titre du compartiment désinvesti soit inférieur au droit d’entrée prélevé au titre du compartiment investi, au profit des agents placeurs et/ou des distributeurs.

## NOTE 5 - COMMISSIONS DE GESTION ET DE PERFORMANCE
La SICAV a désigné DEGROOF PETERCAM ASSET SERVICES S.A. en tant que société de gestion (la "Société de Gestion"). La Société de Gestion a délégué, sous sa responsabilité et son contrôle, la gestion de tous les compartiments de la SICAV à DEGROOF PETERCAM ASSET MANAGEMENT S.A./N.V., à l'exception du compartiment DPAM L CONVERTIBLE WORLD SUSTAINABLE géré par DEGROOF PETERCAM ASSET MANAGEMENT FRANCE.
Le Gestionnaire perçoit mensuellement une commission de gestion (commission à charge du compartiment) aux taux indiqués ci-dessous :
| Compartiments | Classe d'actions émises | Commission de gestion (%) |
| --- | --- | --- |
| DPAM L LIQUIDITY EUR&FRN | A, B, B CHF | Max. 0,200% p.a. |
| (jusqu’au 7 décembre 2020) | E, F, F CHF, M, N, V, W | Max. 0,100% p.a. |
|  | J | Max. 0,050% p.a. |
|  | P | 0% p.a. |
| DPAM L BALANCED CONSERVATIVE SUSTAINABLE | A, B E, F, M, N, V, W | Max. 1,000% p.a. Max. 0,500% p.a. |
| DPAM L BONDS CLIMATE TRENDS SUSTAINABLE | A, B, | Max. 0,800% p.a. |
|  | E, F, M, N, V, W, | Max. 0,400% p.a. |
|  | J | Max. 0,200% p.a. |
|  | L | Max. 1,200% p.a. |
|  | P | 0% p.a. |
| DPAM L BONDS EMERGING MARKETS SUSTAINABLE | A,  B,  B  CHF,  B  EUR Hedged, B USD E, F, F CHF, F USD, M, M USD, N, N USD, V, V EUR Hedged, W, W CHF, W EUR Hedged, W USD | Max. 0,800% p.a. Max. 0,400% p.a. |
|  | J | Max. 0,200% p.a. |
|  | L | Max. 1,200% p.a. |
|  | P | 0% p.a. |
| DPAM L BONDS EUR CORPORATE HIGH YIELD | A, B | Max. 0,800 % p.a. |
|  | E, F, M, N, V, W | Max. 0,400 % p.a. |
|  | J | Max. 0,200% p.a. |
|  | L | Max. 1,200% p.a. |
|  | P | 0% p.a. |
| DPAM L BONDS EUR HIGH YIELD SHORT TERM | A, B, B CHF | Max. 0,600% p.a. |
|  | B LC | Max 1,200% p.a. |
|  | E, F, F CHF, M, N, V, W | Max. 0,300% p.a. |
|  | F LC | Max 0,600% p.a. |
|  | J | Max. 0,150% p.a. |
|  | L | Max. 0,900% p.a. |
|  | P | 0% p.a. |
| DPAM L BONDS EUR QUALITY SUSTAINABLE | A, B, B CHF, B USD Hedged | Max. 0,600% p.a. |
|  | B LC | Max. 1,200% p.a. |
|  | E, F, F CHF, M, N, V et W | Max. 0,300% p.a. |
|  | F LC | Max. 0,600% p.a. |
|  | J | Max. 0,150% p.a. |
|  | L | Max. 0,900% p.a. |
|  | P | 0% p.a. |
| DPAM L BONDS GOVERNMENT SUSTAINABLE | A, B, B CHF | Max. 0,400% p.a. |
|  | B LC | Max. 1,200% p.a. |
|  | E, F, F CHF, M, N, V, W | Max. 0,200% p.a. |
|  | F LC | Max. 0,600% p.a. |
|  | L | Max. 0,600% p.a. |

|  | J, Z P | Max. 0,100% p.a. 0% p.a. |
| --- | --- | --- |
| DPAM L BONDS GOVERNMENT SUSTAINABLE HEDGED | A, B, B CHF B LC E, F, F CHF, M, , N, V, W F LC L J, Z P | Max. 0,400% p.a. Max. 1,200% p.a. Max. 0,200% p.a. Max. 0,600% p.a. Max. 0,600% p.a. Max. 0,100% p.a. 0% p.a. |
| DPAM L BONDS HIGHER YIELD | A, B, B CHF B LC E, F, F CHF, M, N, V, W F LC J L P | Max. 0,800% p.a. Max. 1,200% p.a. Max. 0,400% p.a. Max. 0,600% p.a. Max. 0,200% p.a. Max. 1,200% p.a. 0% p.a. |
| DPAM L BONDS UNIVERSALIS UNCONSTRAINED | A, B, B CHF B LC E, F, F CHF, V, W F LC J M, N L P | Max. 0,750% p.a. Max. 1,200% p.a. Max. 0,400% p.a. Max. 0,600% p.a. Max. 0,200% p.a. Max. 0,375% p.a. Max. 1,150% p.a. 0% p.a. |
| DPAM L CONVERTIBLE WORLD SUSTAINABLE | A, B, E, F, M, N, V, W, J L P | Max. 1,20% p.a. Max. 0,60% p.a. Max. 0,30% p.a. Max. 1,80% p.a. Max. 0% p.a. |
| DPAM L EQUITIES CONVICTION RESEARCH | A, B, B CHF E, F, F CHF, M, N, V, W J P | Max. 1,50% p.a. Max. 0,750% p.a. Max. 0,375% p.a. 0% p.a. |
| DPAM L GLOBAL TARGET INCOME | A, B E, F, V, W M, N P | Max. 0,850% p.a. Max. 0,450% p.a. Max. 0,425% p.a. 0% p.a. |
| DPAM L BONDS EUR GOVERNMENT 1-5 (jusqu’au 7 décembre 2020) | A, B E, F, M, N, V, W J L P | Max. 0,300% p.a. Max. 0,150% p.a. Max. 0,075% p.a. Max. 0,450% p.a. 0% p.a. |
| DPAM L PATRIMONIAL FUND | A, B, B CHF E, F, F CHF, M, N, V, W P | Max. 1,000% p.a. Max. 0,500% p.a. 0% p.a. |

La commission de performance est calculée sur la différence positive entre la dernière Valeur Nette d’Inventaire calculée et la Valeur Nette d’Inventaire la plus élevée parmi l’ensemble des Valeurs Nettes d’Inventaire précédentes, multipliée par le nombre de parts en circulation au jour de la dernière Valeur Nette d’Inventaire. Aucune commission de performance n’est due aussi longtemps que la dernière Valeur Nette d’Inventaire calculée est inférieure à la Valeur Nette d’Inventaire la plus élevée parmi l’ensemble des Valeurs Nettes d’Inventaire précédentes.
Pour le compartiment DPAM L EQUITIES CONVICTION RESEARCH, le Gestionnaire a droit à une commission de performance calculée comme suit :
- À chaque VNI où la performance du compartiment excède l’indice de référence (MSCI Europe Net Total Return libellé en EUR - code Bloomberg MSDEE15N) (le "Benchmark"), une commission de 20% de la surperformance réalisée est due dans les conditions déterminées au paragraphe 3.
- La performance du compartiment équivaut à la différence entre la dernière VNI calculée et la VNI la plus élevée (augmentée de la dernière commission de performance et, le cas échéant, ajustée de toute distribution) parmi l’ensemble des VNI précédentes.
- La commission de performance n’est due que dans l’hypothèse où la performance du compartiment par part telle que définie ci-dessus est positive et excède celle du "Benchmark" ajusté, le cas échéant, de toute distribution. Dans ce cas, pour déterminer la commission de performance, le taux de commission de performance est appliqué à la différence entre (i) la dernière VNI calculée par part et (ii) le plus élevé de (ii.a) la VNI la plus élevée (augmentée de la dernière commission de performance et, le cas échéant, ajustée de toute distribution) parmi l’ensemble des VNI précédentes ou (ii.b) le "Benchmark" (ajusté, le cas échéant, de toute distribution), multipliée par le nombre d’actions en circulation au jour de la dernière VNI.

La commission de performance est payable au Gestionnaire dans le mois qui suit la fin de chaque mois.
Pour le compartiment DPAM L PATRIMONIAL FUND, le Gestionnaire a droit, le cas échéant, à une commission de performance (commission à charge du compartiment) calculée comme suit :
- À chaque Valeur Nette d’Inventaire où la performance du compartiment excède l’indice de référence (Euribor 3M - code Bloomberg EUR003M) (le "Hurdle Rate"), une commission de maximum 10% de la surperformance réalisée est due dans les conditions déterminées au 3ème paragraphe ci-après.
- La performance du compartiment équivaut à la différence positive entre la dernière Valeur Nette d’Inventaire calculée et la Valeur Nette d’Inventaire la plus élevée (augmentée de la dernière commission de performance et, le cas échéant, ajustée de toute distribution) parmi l’ensemble des Valeurs Nettes d’Inventaires précédentes.
- La commission de performance n’est due que dans l’hypothèse où la performance du compartiment par part telle que définie ci-dessus est positive et excède celle du "Hurdle Rate" ajusté, le cas échéant, de toute distribution. Dans ce cas, pour déterminer la commission de performance, le taux de commission de performance est appliqué à la différence entre (i) la dernière VNI calculée par part et (ii) le plus élevé de (ii.a) la VNI la plus élevée (augmentée de la dernière commission de performance et, le cas échéant, ajustée de toute distribution) parmi l’ensemble des VNI précédentes ou (ii.b) le "Hurdle Rate" (ajusté, le cas échéant, de toute distribution), multipliée par le nombre de parts en circulation au jour de la dernière VNI.

La commission de performance est payable au Gestionnaire dans le mois qui suit la fin de chaque mois.

## NOTE 6 - TAXE D'ABONNEMENT
La SICAV est régie par les lois luxembourgeoises.
En vertu de la législation et des règlements actuellement en vigueur, la SICAV est soumise à une taxe d'abonnement au taux annuel de 0,05% de l’actif net et calculée et payable par trimestre, sur base de l'actif net à la fin de chaque trimestre.
Toutefois, pour les compartiments concernés, un taux réduit de 0,01% est applicable pour les classes
d’actions réservées à des investisseurs institutionnels.
Conformément à l’article 175 a) de la loi du 17 décembre 2010, la partie des actifs nets investis en OPC déjà soumis à la taxe d’abonnement est exonérée de cette taxe.

## NOTE 7 - TAXE ANNUELLE BELGE
Les articles 161 à 162 du Code belge des droits de succession, tel que amendés par une loi belge du 22 décembre 2003 imposent aux Organismes de Placement Collectif autorisés à la commercialisation officielle en Belgique, le paiement d’une taxe annuelle de 0,0925% sur le total, au 31 décembre de l’année précédente, des montants nets souscrits en Belgique, à partir de leur inscription auprès de l’Autorité des Services et Marchés Financiers ("FSMA"). Les articles 161 à 162 amendés précités sont entrés en vigueur le 1er janvier 2004.
La SICAV est obligée de s’acquitter de cette taxe au 31 mars de chaque année.
Le 13 mai 2004, la SICAV a introduit une plainte contre l’Etat belge auprès de la Commission Européenne pour demander l’annulation de l’obligation de payer la taxe annuelle et pour demander le remboursement des taxes déjà payées. Le 16 décembre 2010, la SICAV a déposé une plainte actualisée auprès de la Commission Européenne. Les frais légaux associés à cette plainte sont supportés par la SICAV.
Le 9 février 2006, la SICAV a cité l’Etat belge en restitution de cette taxe devant le Tribunal de première instance de Bruxelles.
La SICAV a continué à mettre en demeure l'Etat belge visant à obtenir le remboursement de cette taxe payée pour les exercices suivants, sans suite favorable. Dès lors, elle prépare des citations devant le tribunal pour ces exercices.
Dans deux cas similaires, le Tribunal de première instance de Bruxelles jugeait fin 2011 et au courant de 2012 que cette taxe viole un article de la Convention préventive de la double imposition entre la Belgique et le Luxembourg et en déduit qu’elle ne pouvait pas être établie. L’Etat belge a fait appel contre ces décisions. Par arrêt prononcé le 23 octobre 2014 par la Cour d’appel de Bruxelles, la Cour d’appel sursoit à statuer et soumet diverses questions préjudicielles à la Cour de justice européenne.
La loi du 17 juin 2013 portant des dispositions fiscales et financières et des dispositions relatives au développement durable (Moniteur Belge 28 juin 2013) a porté le taux de la taxe annuelle sur les Organismes de Placement Collectif établie par l’article 161bis du Code droits de succession à 0,0965% avec effet au 1er janvier 2013 et à 0,0925% avec effet au 1er janvier 2014.

## NOTE 8 - "SWING PRICING"
Le swing pricing a été introduit comme un mécanisme capable de protéger la performance d'un fonds et de ce fait l'intérêt des investisseurs existants contre les effets de dilution des transactions fréquentes générés par les importantes entrées ou sorties nettes dans un fonds. L’investisseur n’est affecté par le swing pricing qu’au moment où il souscrit ou rachète.
Une seule VNI est déclarée pour toutes les performances et comparaisons externes, ainsi que pour l'exécution des ordres de souscription, de rachat et de conversion. Par conséquent, lorsque le swing pricing est activé, c'est le prix swingué qui est déclaré.
Le revenu généré par le swing de la VNI revient au fonds et, dans le cas d'un fonds à plusieurs classes d'action, est attribué à toutes les classes d'action du fonds sur la même base que pour tout élément de revenu ou de capital au niveau du fonds.
Le mécanisme de swing appliqué est celui du « swing partiel » (swing avec un seuil de déclenchement). Le mécanisme du swing est appliqué uniquement lorsque le seuil du swing prédéfini est dépassé.
Seuil du swing
Le seuil de swing est la valeur nette des ordres de souscription, de rachat et de conversion reçus par l'agent de transfert pour un fonds unique au cours d'un jour ouvré, exprimée en pourcentage de la VNI, nécessaire pour déclencher le processus de swing de la VNI. Le conseil d'administration du fonds détermine par résolution circulaire le seuil applicable, en tenant compte de l'impact de l'ajustement sur la volatilité de la VNI. Le seuil est revu périodiquement.
Swing factor
Le swing factor est le montant, exprimé en pourcentage, dont la VNI est ajustée afin de protéger les investisseurs existants dans un fonds contre le coût de la négociation de titres résultant de l'activité en capital. Le swing factor est déclenché lorsque l'activité en capital dépasse le seuil prédéfini du swing partiel.
La valeur du swing factor sera déterminée par le conseil d'administration et peut varier d'un compartiment à l'autre sans toutefois dépasser 3 % de la VNI non ajustée.
Le swing factor est contrôlé et calculé en permanence par la Société de Gestion. Le facteur est déterminé dans des conditions de marché normales et habituelles sur la base de la moyenne pondérée de l'écart entre les cours acheteur et vendeur de chaque position du portefeuille.
Le swing factor applicable sera remis en cause lorsque la dernière valeur calculée dépasse la précédente valeur validée par le Conseil d'Administration de plus de 10 points de base. Dans ce cas, le Conseil d’Administration sera consulté et un éventuel swing factor adapté sera approuvé et mis à jour pour les compartiments concernés.
Toutes les données relatives à la détermination et à la révision des swing factors et des seuils sont archivées électroniquement dans la base de données de la Société de Gestion.
L’orientation du swing découle des flux nets de capitaux applicables à une VNI. En cas d’entrées nettes de capitaux, le swing factor lié aux souscriptions d’actions du compartiment est ajouté à la VNI et en cas de rachats nets, le swing factor lié aux rachats des actions du compartiment en question est déduit de la VNI. Dans les deux cas, tous les investisseurs entrants/sortants à une date donnée se voient appliquer une seule et même VNI.
Les commissions générées sont incluses dans le poste commissions perçues sur souscriptions et rachats de l'état des opérations et autres variations de l'actif net.
Pour la période en cours, il y a eu du "Swing Pricing" appliqué sur les valeurs nettes d'inventaire des compartiments suivants :
DPAM L BONDS EUR CORPORATE HGH YIELD DPAM L BONDS EUR GOVERNMENT 1-5
DPAM L BALANCED CONSERVATIVE SUSTAINABLE DPAM L BONDS CLIMATE TRENDS SUSTAINABLE
DPAM L BONDS GOVERNMENT SUSTAINABLE

## NOTE 9 - CHANGES À TERME
Au 31 décembre 2020, les opérations à terme suivantes ont été conclues auprès de la contrepartie Banque Degroof Petercam Luxembourg S.A. :
DPAM L BONDS HIGHER YIELD :
| Echéance | Devise Achetée | Montant Acheté | Devise Vendue | Montant Vendu | + / - Value Non Réalisée ( EN  EUR) | Engagement (en EUR) |
| --- | --- | --- | --- | --- | --- | --- |

| 06/01/2021 | EUR | 5.786.223,83 | USD | 7.000.000,00 | 65.986,23 | 5.721.057,30 |
| --- | --- | --- | --- | --- | --- | --- |
| 05/01/2021 | EUR | 14.261.505,68 | USD | 17.000.000,00 | 369.168,19 | 13.893.996,30 |
|  |  |  |  | Total | 435.154,42 | 19.615.053,60 |

Au titre de ces contrats dérivés OTC, il n'y a pas de collatéral maintenu auprès de la contrepartie Banque Degroof Petercam Luxembourg S.A..
DPAM L BONDS GOVERNMENT SUSTAINABLE HEDGED :
| Echéance | Devise Achetée | Montant Acheté | Devise Vendue | Montant Vendu | + / - Value Non Réalisée ( EN  EUR) | Engagement (en EUR) |
| --- | --- | --- | --- | --- | --- | --- |

| 15/01/2021 | EUR | 68.390.554,23 | AUD | 114.600.000,00 | -3.870.168,54 | 72.275.481,06 |
| --- | --- | --- | --- | --- | --- | --- |
| 15/01/2021 | EUR | 2.959.962,80 | AUD | 4.800.000,00 | -66.664,33 | 3.027.245,28 |
| 15/01/2021 | EUR | 2.714.541,30 | AUD | 4.400.000,00 | -59.866,90 | 2.774.974,84 |
| 15/01/2021 | EUR | 72.716.770,43 | CAD | 113.300.000,00 | 48.478,50 | 72.684.114,03 |
| 15/01/2021 | EUR | 3.384.601,37 | CAD | 5.200.000,00 | 49.428,22 | 3.335.899,32 |
| 15/01/2021 | EUR | 2.899.690,06 | CAD | 4.500.000,00 | 13.482,53 | 2.886.835,95 |
| 15/01/2021 | EUR | 17.652.992,60 | CHF | 18.900.000,00 | 176.178,60 | 17.474.921,10 |
| 15/01/2021 | EUR | 17.531.608,35 | CZK | 477.000.000,00 | -626.813,10 | 18.163.110,60 |
| 15/01/2021 | EUR | 37.294.033,09 | DKK | 277.600.000,00 | 17.675,26 | 37.294.532,88 |
| 15/01/2021 | EUR | 3.666.201,12 | DKK | 27.300.000,00 | 334,52 | 3.667.653,99 |
| 15/01/2021 | EUR | 7.390.039,57 | DKK | 55.000.000,00 | 4.594,04 | 7.389.046,50 |
| 15/01/2021 | NZD | 14.000.000,00 | EUR | 8.192.212,72 | 43.756,96 | 8.238.202,00 |
| 15/01/2021 | NZD | 10.000.000,00 | EUR | 5.869.233,48 | 13.597,19 | 5.884.430,00 |
| 15/01/2021 | CZK | 130.000.000,00 | EUR | 4.915.493,22 | 32.798,32 | 4.950.114,00 |
| 15/01/2021 | CZK | 347.000.000,00 | EUR | 13.150.913,36 | 57.207,42 | 13.212.996,60 |
| 15/01/2021 | NZD | 3.600.000,00 | EUR | 2.113.147,30 | 4.671,68 | 2.118.394,80 |
| 15/01/2021 | EUR | 5.966.850,83 | GBP | 5.400.000,00 | -64.950,06 | 6.032.845,44 |
| 15/01/2021 | EUR | 58.966.545,29 | GBP | 53.600.000,00 | -904.663,56 | 59.881.576,96 |
| 15/01/2021 | EUR | 5.770.692,65 | GBP | 5.200.000,00 | -37.708,21 | 5.809.406,72 |
| 15/01/2021 | EUR | 23.487.501,56 | JPY | 2.920.800.000 | 369.217,09 | 23.121.231,71 |
| 15/01/2021 | EUR | 815.181,95 | JPY | 100.000.000 | 23.676,73 | 791.606,13 |

| 15/01/2021 | EUR | 19.046.749,45 | NOK | 208.600.000,00 | -860.515,05 | 19.912.184,18 |
| --- | --- | --- | --- | --- | --- | --- |
| 15/01/2021 | EUR | 5.170.854,43 | NOK | 55.000.000,00 | -77.944,93 | 5.250.096,50 |
| 15/01/2021 | EUR | 74.946.317,33 | NZD | 134.200.000,00 | -4.010.102,93 | 78.969.050,60 |
| 15/01/2021 | EUR | 29.784.768,90 | SEK | 309.000.000,00 | -962.373,31 | 30.750.845,70 |
| 15/01/2021 | EUR | 4.673.738,94 | SEK | 48.000.000,00 | -102.516,16 | 4.776.830,40 |
|  |  |  |  | Total | -10.789.190,02 | 510.673.627,28 |

Au titre de ces contrats dérivés OTC, le compartiment maintenait auprès de Banque Degroof Petercam Luxembourg S.A. un collatéral de EUR
8.540.000 en faveur de la contrepartie à la clôture. Ce collatéral en espèces vise, suite à l’absence d’appel de marge, à couvrir totalement la contrepartie du risque d’un éventuel défaut du compartiment.
DPAM L PATRIMONIAL FUND :
| Echéance | Devise Achetée | Montant Acheté | Devise Vendue | Montant Vendu | + / - Value Non Réalisée ( EN  EUR) | Engagement (en EUR) |
| --- | --- | --- | --- | --- | --- | --- |

| 31/03/2021 | EUR | 11.391.931,26 | USD | 14.000.000,00 | -25.890,05 | 11.442.114,60 |
| --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  | Total | -25.890,05 | 11.442.114,60 |

Au titre de ces contrats dérivés OTC, il n'y a pas de collatéral maintenu auprès de la contrepartie Banque Degroof Petercam Luxembourg S.A..
DPAM L BONDS EMERGING MARKETS SUSTAINABLE :
| Echéance | Devise Achetée | Montant Acheté | Devise Vendue | Montant Vendu | + / - Value Non Réalisée ( EN  EUR) | Engagement (en EUR) |
| --- | --- | --- | --- | --- | --- | --- |

| 04/01/2021 | EUR | 54.800,30 | CHF | 59.272,00 | -4,84 | 54.802,83 |
| --- | --- | --- | --- | --- | --- | --- |
| 28/05/2021 | USD | 5.960.630,04 | GHS | 40.000.000,00 | -359.546,16 | 10.445.606,57 |
| 17/03/2021 | EUR | 7.023.655,67 | HUF | 2.500.000.000,00 | 143.852,67 | 6.893.000,00 |
| 17/03/2021 | EUR | 28.071.751,40 | HUF | 10.000.000.000,00 | 552.539,40 | 27.572.000,00 |
| 13/01/2021 | USD | 36.411.784,18 | IDR | 550.000.000.000,00 | -2.195.260,36 | 61.769.129,10 |
| 13/01/2021 | USD | 29.701.941,02 | MXN | 600.000.000,00 | -304.222,82 | 48.885.715,21 |
| 13/01/2021 | USD | 24.804.663,28 | PHP | 1.200.000.000,00 | -129.088,80 | 40.695.019,99 |
| 17/03/2021 | EUR | 21.938.388,23 | PLN | 100.000.000,00 | 28.543,65 | 21.934.880,00 |
| 17/03/2021 | EUR | 25.470.179,51 | RON | 125.000.000,00 | -42.983,73 | 25.680.800,00 |
| 13/01/2021 | USD | 19.736.842,11 | THB | 600.000.000,00 | -233.087,68 | 32.498.500,66 |
| 13/01/2021 | BRL | 180.000.000,00 | USD | 32.944.707,80 | 1.380.080,99 | 55.248.094,72 |
| 13/01/2021 | IDR | 100.000.000.000,00 | USD | 7.027.406,89 | 66.265,56 | 11.563.456,78 |
| 17/03/2021 | BRL | 75.000.000,00 | USD | 14.250.969,07 | 131.318,75 | 23.448.307,59 |
| 13/01/2021 | PHP | 1.200.000.000,00 | USD | 24.919.013,21 | 34.784,56 | 40.788.477,49 |
| 17/03/2021 | BRL | 125.000.000,00 | USD | 24.630.541,87 | -500.866,56 | 39.798.854,12 |
| 17/03/2021 | EUR | 24.754.517,70 | USD | 30.000.000,00 | 279.665,60 | 24.518.817,00 |
| 13/01/2021 | BRL | 50.000.000,00 | USD | 9.106.141,18 | 420.293,48 | 15.309.778,64 |
| 17/03/2021 | INR | 1.500.000.000,00 | USD | 20.123.693,64 | 169.606,03 | 33.225.222,06 |
| 17/03/2021 | BRL | 125.000.000,00 | USD | 24.141.061,05 | -100.042,95 | 39.398.804,44 |
| 13/01/2021 | COP | 40.000.000.000,00 | USD | 10.632.303,06 | 848.144,35 | 18.245.716,43 |
| 13/01/2021 | COP | 40.000.000.000,00 | USD | 10.468.217,18 | 982.555,31 | 18.111.610,05 |
| 13/01/2021 | MXN | 400.000.000,00 | USD | 19.559.041,41 | 399.754,54 | 32.392.485,23 |
| 13/01/2021 | MXN | 200.000.000,00 | USD | 9.070.747,29 | 779.941,70 | 15.616.966,43 |
| 13/01/2021 | BRL | 45.000.000,00 | USD | 8.442.301,56 | 176.449,47 | 13.980.488,07 |

| 28/05/2021 | GHS | 40.000.000,00 | USD | 6.389.776,36 | 6.784,15 | 10.796.345,24 |
| --- | --- | --- | --- | --- | --- | --- |
| 13/01/2021 | JPY | 4.000.000.000 | USD | 38.246.036,75 | 410.551,74 | 62.922.497,55 |
| 20/01/2021 | EUR | 2.021.304,55 | ZAR | 40.000.000,00 | -196.340,67 | 2.225.628,00 |
| 17/03/2021 | EUR | 10.620.474,68 | ZAR | 200.000.000,00 | -386.243,90 | 11.128.140,00 |
| 13/01/2021 | EUR | 18.068.992,58 | ZAR | 350.000.000,00 | -1.359.800,09 | 19.474.245,00 |
| 13/01/2021 | USD | 24.329.420,35 | ZAR | 400.000.000,00 | -2.327.104,09 | 42.140.566,84 |
| 13/01/2021 | USD | 12.050.443,16 | ZAR | 200.000.000,00 | -1.256.941,78 | 20.976.893,69 |
|  |  |  |  | Total | -2.580.402,48 | 827.740.849,74 |

Au titre de ces contrats dérivés OTC, il n'y a pas de collatéral maintenu auprès de la contrepartie Banque Degroof Petercam Luxembourg S.A..
DPAM L BONDS GOVERNMENT SUSTAINABLE :
| Echéance | Devise Achetée | Montant Acheté | Devise Vendue | Montant Vendu | + / - Value Non Réalisée ( EN  EUR) | Engagement (en EUR) |
| --- | --- | --- | --- | --- | --- | --- |

| 15/01/2021 | EUR | 2.327.427,24 | AUD | 3.900.000,00 | -131.707,30 | 2.459.636,79 |
| --- | --- | --- | --- | --- | --- | --- |
| 15/01/2021 | EUR | 308.470,60 | AUD | 500.000,00 | -6.803,06 | 315.338,05 |
| 15/01/2021 | EUR | 2.567.229,32 | CAD | 4.000.000,00 | 1.711,51 | 2.566.076,40 |
| 15/01/2021 | EUR | 322.187,78 | CAD | 500.000,00 | 1.498,05 | 320.759,55 |
| 15/01/2021 | JPY | 350.000.000 | EUR | 2.814.511,62 | -44.448,43 | 2.770.621,44 |
| 15/01/2021 | CHF | 2.550.000,00 | EUR | 2.381.752,97 | -23.807,25 | 2.357.727,45 |
| 15/01/2021 | NZD | 1.500.000,00 | EUR | 877.362,30 | 5.063,12 | 882.664,50 |
| 15/01/2021 | NZD | 3.000.000,00 | EUR | 1.760.770,04 | 4.079,16 | 1.765.329,00 |
| 15/01/2021 | EUR | 3.212.356,57 | GBP | 2.920.000,00 | -49.283,91 | 3.262.205,31 |
| 15/01/2021 | EUR | 517.085,44 | NOK | 5.500.000,00 | -7.794,50 | 525.009,65 |
| 15/01/2021 | EUR | 3.909.271,40 | NZD | 7.000.000,00 | -209.170,79 | 4.119.101,00 |
|  |  |  |  | Total | -460.663,40 | 21.344.469,14 |

Au titre de ces contrats dérivés OTC, il n'y a pas de collatéral maintenu auprès de la contrepartie Banque Degroof Petercam Luxembourg S.A..
DPAM L CONVERTIBLE WORLD SUSTAINABLE :
| Echéance | Devise Achetée | Montant Acheté | Devise Vendue | Montant Vendu | + / - Value Non Réalisée ( EN  EUR) | Engagement (en EUR) |
| --- | --- | --- | --- | --- | --- | --- |

| 31/03/2021 | EUR | 958.007,34 | HKD | 9.000.000,00 | 11.392,20 | 948.641,40 |
| --- | --- | --- | --- | --- | --- | --- |
| 31/03/2021 | EUR | 434.027,78 | HKD | 4.000.000,00 | 13.309,94 | 421.618,40 |
| 31/03/2021 | EUR | 265.530,90 | HKD | 2.500.000,00 | 2.582,25 | 263.511,50 |
| 31/03/2021 | EUR | 1.186.690,08 | JPY | 150.000.000 | 105,63 | 1.187.409,19 |
| 31/03/2021 | EUR | 1.027.083,40 | JPY | 130.000.000 | -1.289,79 | 1.029.087,96 |
| 31/03/2021 | EUR | 246.820,13 | USD | 300.000,00 | 2.152,53 | 245.188,17 |
| 31/03/2021 | EUR | 1.258.568,76 | USD | 1.500.000,00 | 35.230,76 | 1.225.940,85 |
| 31/03/2021 | EUR | 2.533.783,78 | USD | 3.000.000,00 | 87.107,78 | 2.451.881,70 |
| 31/03/2021 | EUR | 818.819,75 | USD | 1.000.000,00 | 3.261,08 | 817.293,90 |
| 31/03/2021 | EUR | 1.681.110,21 | USD | 2.000.000,00 | 49.992,88 | 1.634.587,80 |
| 31/03/2021 | EUR | 81.990,06 | USD | 100.000,00 | 434,19 | 81.729,39 |
| 31/03/2021 | EUR | 492.845,53 | USD | 600.000,00 | 3.510,33 | 490.376,34 |
| 31/03/2021 | EUR | 1.263.402,60 | USD | 1.500.000,00 | 40.064,60 | 1.225.940,85 |
| 31/03/2021 | EUR | 4.115.395,70 | USD | 5.000.000,00 | 37.602,37 | 4.086.469,50 |

| 31/03/2021 | EUR | 1.026.825,82 | USD | 1.200.000,00 | 48.155,42 | 980.752,68 |
| --- | --- | --- | --- | --- | --- | --- |
| 31/03/2021 | EUR | 416.198,44 | USD | 500.000,00 | 8.419,11 | 408.646,95 |
|  |  |  |  | Total | 342.031,28 | 17.499.076,58 |

Au titre de ces contrats dérivés OTC, il n'y a pas de collatéral maintenu auprès de la contrepartie Banque Degroof Petercam Luxembourg S.A..

## NOTE 10 - FUTURES
Au 31 décembre 2020, les contrats de futures suivants sont ouverts auprès de la contrepartie Banque Degroof Petercam Luxembourg S.A. et auprès de la Société Générale.
Au 31 décembre 2020, le collatéral en cash détenu par la SICAV est composé de l'appel de marge initial et s'élève à EUR 8.267.124,38.
DPAM L BONDS EUR QUALITY SUSTAINABLE :
| Devise | Nombre de CONTRATS | Description | + / - Value Non Realisee ( EN  EUR) | Engagement ( EN  EUR) |
| --- | --- | --- | --- | --- |

| EUR | -235 | EURO BUND FUTURE MAR |  | 44.000,00 | 24.827.520,64 |
| --- | --- | --- | --- | --- | --- |
| EUR | -125 | EURO-BUXL 30YR FUTUR |  | -70.520,00 | 21.547.375,00 |
| EUR | -250 | EURO BOBL FUTURE MAR |  | 67.500,00 | 25.902.000,00 |
|  |  |  | Total | 40.980,00 | 72.276.895,64 |

Au titre de ces contrats futures, le compartiment maintenait auprès de la Société Générale un dépôt de garantie de EUR 1.775.146,30 en faveur de la contrepartie à la clôture. Ce dépôt de garantie, en espèces, est destiné à couvrir les risques de marchés en cas d’évolution journalière défavorable des cours des contrats futures achetés ou vendus.
DPAM L BONDS UNIVERSALIS UNCONSTRAINED :
| Devise | Nombre de CONTRATS | Description | + / - Value Non Realisee ( EN  EUR) | Engagement ( EN  EUR) |
| --- | --- | --- | --- | --- |

| EUR | -160 | EURO-BUXL 30YR FUTUR |  | -240.000,00 | 27.580.640,00 |
| --- | --- | --- | --- | --- | --- |
| EUR | -200 | EURO-OAT FUTURE MAR2 |  | -98.600,00 | 25.557.200,00 |
| GBP | -50 | LONG GILT FUTURE MAR |  | -87.141,10 | 8.087.141,03 |
| JPY | -70 | JGB 10YR FUTURE MAR2 |  | -9.736,76 | 56.142.855,87 |
|  |  |  | Total | -435.477,86 | 117.367.836,90 |

Au titre de ces contrats futures, le compartiment maintenait auprès de la Société Générale un dépôt de garantie de EUR 3.520.427,59 en faveur de la contrepartie à la clôture. Ce dépôt de garantie, en espèces, est destiné à couvrir les risques de marchés en cas d’évolution journalière défavorable des cours des contrats futures achetés ou vendus.
DPAM L BONDS GOVERNMENT SUSTAINABLE HEDGED :
| Devise | Nombre de CONTRATS | Description | + / - Value Non Realisee ( EN  EUR) | Engagement ( EN  EUR) |
| --- | --- | --- | --- | --- |

| EUR | 85 | EURO BUND FUTURE MAR |  | -7.650,00 | 8.980.165,00 |
| --- | --- | --- | --- | --- | --- |
| EUR | 6 | EURO-BUXL 30YR FUTUR |  | 480,00 | 1.034.274,00 |
|  |  |  | Total | -7.170,00 | 10.014.439,00 |

Au titre de ces contrats futures, le compartiment maintenait auprès de la Société Générale un dépôt de garantie de EUR 247.035,50 en faveur de la contrepartie à la clôture. Ce dépôt de garantie, en espèces, est destiné à couvrir les risques de marchés en cas d’évolution journalière défavorable des cours des contrats futures achetés ou vendus.
DPAM L PATRIMONIAL FUND :
| Devise | Nombre de CONTRATS | Description | + / - Value Non Realisee ( EN  EUR) | Engagement ( EN  EUR) |
| --- | --- | --- | --- | --- |

| AUD | 17 | AUSTRALIAN 10YR BOND | 0,00 | 1.225.498,86 |
| --- | --- | --- | --- | --- |
| EUR | -15 | EURO BUND FUTURE MAR | 760,00 | 1.584.733,96 |
| EUR | -28 | EURO-SCHATZ FUTURE M | 2.860,00 | 2.839.310,81 |

| EUR | 125 | EURO STOXX BANK FUTU | -7.500,00 | 463.125,00 |
| --- | --- | --- | --- | --- |
| EUR | 80 | STOXX EUROPE 600 FUT | 29.600,00 | 1.594.000,00 |
| EUR | -30 | EURO BOBL FUTURE MAR | 5.400,00 | 3.108.240,00 |
| GBP | 31 | LONG GILT FUTURE MAR | 35.794,88 | 5.014.027,38 |
| USD | 16 | ULTRA 10YR US TREAS | 1.123,78 | 1.274.672,00 |
| USD | 6 | ULTRA T-BOND FUTURE | 4.782,44 | 641.166,74 |
| USD | 12 | US TREASURY LONG BOND FUTURE MARS 2021 | -408,65 | 1.536.102,66 |
| USD | 67 | MSCI EMERGING MKT FU | 80.237,83 | 3.527.007,32 |
| USD | 25 | SP 500 E-MINI FUTURE MARS 2021 | 62.625,15 | 3.829.839,22 |
| USD | 15 | RUSSELL 2000 EMIN FU | 39.475,30 | 1.210.494,00 |
|  |  | Total | 254.750,73 | 27.731.921,92 |

Au titre de ces contrats futures, le compartiment maintenait auprès de la Société Générale un dépôt de garantie de EUR 1.073.801,41 en faveur de la contrepartie à la clôture. Ce dépôt de garantie, en espèces, est destiné à couvrir les risques de marchés en cas d’évolution journalière défavorable des cours des contrats futures achetés ou vendus.
DPAM L BONDS EMERGING MARKETS SUSTAINABLE :
| Devise | Nombre de CONTRATS | Description | + / - Value Non Realisee ( EN  EUR) | Engagement ( EN  EUR) |
| --- | --- | --- | --- | --- |

| EUR | -50 | EURO-BUXL 30YR FUTUR | -38.000,00 | 8.618.950,00 |
| --- | --- | --- | --- | --- |
| USD | -175 | US 10YR TREASURY NOT | -38.438,36 | 15.878.168,80 |
| USD | -24 | US TREASURY LONG BOND FUTURE MARS 2021 | 16.550,20 | 3.072.207,77 |
|  |  | Total | -59.888,16 | 27.569.326,57 |

Au titre de ces contrats futures, le compartiment maintenait auprès de la Société Générale un dépôt de garantie de EUR 669.632,03 en faveur de la contrepartie à la clôture. Ce dépôt de garantie, en espèces, est destiné à couvrir les risques de marchés en cas d’évolution journalière défavorable des cours des contrats futures achetés ou vendus.
DPAM L GLOBAL TARGET INCOME :
| Devise | Nombre de CONTRATS | Description | + / - Value Non Realisee ( EN  EUR) | Engagement ( EN  EUR) |
| --- | --- | --- | --- | --- |

| EUR | 16 | EURO-BUXL 30YR FUTUR | 16.640,00 | 2.758.064,00 |
| --- | --- | --- | --- | --- |
| EUR | -118 | EURO BUND FUTURE MAR | -15.340,00 | 12.466.582,00 |
| JPY | 19 | TOPIX INDEX FUTURE M | 77.308,25 | 2.714.061,18 |
| USD | 1 | US 2YR TREASURY FUTU | 178,78 | 168.247,61 |
| USD | 82 | ULTRA 10YR US TREAS | -11.518,74 | 6.532.693,99 |
| USD | 1 | US 5YR TREASURY NOTE | 242,64 | 81.567,67 |
| USD | 1 | ULTRA T-BOND FUTURE | -791,75 | 106.861,18 |
| USD | 1 | US TREASURY LONG BOND FUTURE MARS 2021 | -670,43 | 128.008,34 |
| USD | 92 | US 10YR TREASURY NOT | 17.622,90 | 8.347.380,17 |
|  |  | Total | 83.671,65 | 33.303.466,14 |

Au titre de ces contrats futures, le compartiment maintenait auprès de la Société Générale un dépôt de garantie de EUR 627.338,60 en faveur de la contrepartie à la clôture. Ce dépôt de garantie, en espèces, est destiné à couvrir les risques de marchés en cas d’évolution journalière défavorable des cours des contrats futures achetés ou vendus.
DPAM L BONDS CLIMATE TRENDS SUSTAINABLE :
| Devise | Nombre de CONTRATS | Description | + / - Value Non Realisee ( EN  EUR) | Engagement ( EN  EUR) |
| --- | --- | --- | --- | --- |

| EUR | -30 | EURO BUND FUTURE MAR |  | -24.900,00 | 3.169.470,00 |
| --- | --- | --- | --- | --- | --- |
|  |  |  | Total | -24.900,00 | 3.169.470,00 |

Au titre de ces contrats futures, le compartiment maintenait auprès de la Société Générale un dépôt de garantie de EUR 82.190,50 en faveur de la contrepartie à la clôture. Ce dépôt de garantie, en espèces, est destiné à couvrir les risques de marchés en cas d’évolution journalière défavorable des cours des contrats futures achetés ou vendus.
DPAM L BONDS GOVERNMENT SUSTAINABLE :
| Devise | Nombre de CONTRATS | Description | + / - Value Non Realisee ( EN  EUR) | Engagement ( EN  EUR) |
| --- | --- | --- | --- | --- |

| EUR | 1 | EURO-BUXL 30YR FUTUR |  | 60,00 | 172.379,00 |
| --- | --- | --- | --- | --- | --- |
| EUR | 21 | EURO-OAT FUTURE MAR2 |  | 2.100,00 | 2.683.506,00 |
| EUR | -6 | EURO BUND FUTURE MAR |  | 660,00 | 633.894,00 |
| GBP | 7 | LONG GILT FUTURE MAR |  | 11.104,90 | 1.132.199,74 |
|  |  |  | Total | 13.924,90 | 4.621.978,74 |

Au titre de ces contrats futures, le compartiment maintenait auprès de la Société Générale un dépôt de garantie de EUR 65.682,81 en faveur de la contrepartie à la clôture. Ce dépôt de garantie, en espèces, est destiné à couvrir les risques de marchés en cas d’évolution journalière défavorable des cours des contrats futures achetés ou vendus.
DPAM L CONVERTIBLE WORLD SUSTAINABLE :
| Devise | Nombre de CONTRATS | Description | + / - Value Non Realisee ( EN  EUR) | Engagement ( EN  EUR) |
| --- | --- | --- | --- | --- |

/
| JPY | 3 | NIKKEI 225 FUTURE MA |  | 21.135,88 | 651.650,16 |
| --- | --- | --- | --- | --- | --- |
| USD | -14 | NASDAQ 100 E-MINI FU |  | -111.855,67 | 2.948.747,33 |
|  |  |  | Total | -90.719,79 | 3.600.397,49 |

Au titre de ces contrats futures, le compartiment maintenait auprès de la Banque Degroof Petercam Luxembourg S.A. un dépôt de garantie de EUR 205.869,64 en faveur de la contrepartie à la clôture. Ce dépôt de garantie, en espèces, est destiné à couvrir les risques de marchés en cas d’évolution journalière défavorable des cours des contrats futures achetés ou vendus.

## NOTE 11 - SWAP
Au 31 décembre 2020, les compartiments ci-dessous de la SICAV sont engagés dans :
- Interest Rate SwapCompartiment DPAM L BONDS EMERGING MARKETS SUSTAINABLE :

| Devise | Echéance | Contrepartie | Notionnel | Jambe acheteuse / Jambe payeuse | + / - V ALUE  N ON Réalisée (en EUR) | Engagement ( EN  EUR) |
| --- | --- | --- | --- | --- | --- | --- |

| CZK | 01/12/2022 | Banque Degroof Petercam Luxembourg | 250.000.000 | 0.575/PRIBOR6M | 5.853,93 | 9.519.450,00 |
| --- | --- | --- | --- | --- | --- | --- |
| PLN | 15/09/2022 | Banque Degroof Petercam Luxembourg | 100.000.000 | 0.278/PLN_MM6M | -31.028,59 | 21.934.880,00 |
| PLN | 13/08/2024 | Banque Degroof Petercam Luxembourg | 100.000.000 | 0.430/PLN_MM6M | -63.081,40 | 21.934.880,00 |
|  |  |  |  | Total | -88.256,06 | 53.389.210,00 |

Au titre de ces contrats dérivés OTC, le compartiment maintenait auprès de Banque Degroof Petercam Luxembourg S.A. un collatéral de EUR 2.100.000,00 en faveur de la contrepartie à la clôture. Ce collatéral en espèces vise, suite à l’absence d’appel de marge, à couvrir totalement la contrepartie du risque d’un éventuel défaut du compartiment.
- Credit Default SwapsCompartiment DPAM L BONDS EUR QUALITY SUSTAINABLE :

| Devise | Echéance | Contrepartie | Notionnel | Sous-Jacents | + / - Value Non Réalisée ( EN  EUR) |
| --- | --- | --- | --- | --- | --- |

| EUR | 20/12/2025 | BNP PARIBAS LONDON | 100.000.000 | IT EU S34 | -2.605.098,00 |
| --- | --- | --- | --- | --- | --- |
|  |  |  |  | Total | -2.605.098,00 |

Au titre de ces contrats dérivés OTC, le compartiment maintenait auprès de BNP Paribas London un collatéral de EUR 2.410.000,00 en faveur de la contrepartie à la clôture. Ce collatéral en espèces vise, suite à l’absence d’appel de marge, à couvrir totalement la contrepartie du risque d’un éventuel défaut du compartiment.
Compartiment DPAM L BONDS UNIVERSALIS UNCONSTRAINED :
| Devise | Echéance | Contrepartie | Notionnel | Sous-Jacents | + / - Value Non Réalisée ( EN  EUR) |
| --- | --- | --- | --- | --- | --- |

| EUR | 20/12/2025 | JP MORGAN | 100.000.000 | IT EU S34 | -2.605.098,00 |
| --- | --- | --- | --- | --- | --- |
| EUR | 20/12/2025 | JP MORGAN | 40.000.000 | IT EU S34 | 229.571,00 |
| EUR | 20/12/2025 | JP MORGAN | 40.000.000 | IT EU S34 | -1.042.039,00 |
| EUR | 20/12/2025 | JP MORGAN | 20.000.000 | IT EU S34 | 114.785,00 |
| EUR | 20/12/2025 | JP MORGAN | 20.000.000 | IT EU S34 | 114.785,00 |
|  |  |  |  | Total | -3.187.996,00 |

Au titre de ces contrats dérivés OTC, le compartiment maintenait auprès de JP Morgan un collatéral de EUR 3.230.000,00 en faveur de la contrepartie à la clôture. Ce collatéral en espèces vise, suite à l’absence d’appel de marge, à couvrir totalement la contrepartie du risque d’un éventuel défaut du compartiment.
Le compartiment DPAM L BONDS EUR CORPORATE HIGH YIELD ne possède pas de contrat CDS à la clôture. Cependant un dépôt de garantie de EUR 3.300.000,00 était déposé auprès de la contrepartie BNP Paribas London.

## NOTE 12 - DIVIDENDES
L’Assemblée Générale des Actionnaires du 8 avril 2020 a approuvé le paiement de dividende au titre de l'exercice 2019. Les parts ont été cotées ex-dividende à partir du 12 mai 2020. Le paiement a été effectué le 19 mai 2020.
| Compartiments | Classe | ISIN | Devise | Montant /action |
| --- | --- | --- | --- | --- |
| DPAM L BALANCED CONSERVATIVE SUSTAINABLE | A | LU1499202692 | EUR | 0,90 |
| DPAM L BALANCED CONSERVATIVE SUSTAINABLE | V | LU1867119478 | EUR | 0,90 |
| DPAM L BONDS EMERGING MARKETS SUSTAINABLE | A | LU0907927171 | EUR | 5,30 |
| DPAM L BONDS EMERGING MARKETS SUSTAINABLE | E | LU0907927841 | EUR | 5,46 |
| DPAM L BONDS EMERGING MARKETS SUSTAINABLE | M | LU1518617094 | EUR | 5,34 |
| DPAM L BONDS EUR CORPORATE HIGH YIELD | A | LU0966248915 | EUR | 3,60 |
| DPAM L BONDS EUR CORPORATE HIGH YIELD | E | LU0966249483 | EUR | 4,10 |
| DPAM L BONDS EUR CORPORATE HIGH YIELD | M | LU1518617334 | EUR | 3,64 |
| DPAM L BONDS EUR HIGH YIELD SHORT TERM | A | LU0517221833 | EUR | 1,55 |
| DPAM L BONDS EUR HIGH YIELD SHORT TERM | E | LU0517222302 | EUR | 1,61 |
| DPAM L BONDS EUR HIGH YIELD SHORT TERM | M | LU1518616013 | EUR | 1,56 |
| DPAM L BONDS EUR HIGH YIELD SHORT TERM | V | LU0966595042 | EUR | 1,57 |
| DPAM L BONDS EUR QUALITY SUSTAINABLE | A | LU0130966863 | EUR | 0,90 |
| DPAM L BONDS EUR QUALITY SUSTAINABLE | E | LU0174537778 | EUR | 2,65 |
| DPAM L BONDS EUR QUALITY SUSTAINABLE | M | LU1518613853 | EUR | 0,90 |
| DPAM L BONDS HIGHER YIELD | A | LU0138643902 | EUR | 2,84 |
| DPAM L BONDS HIGHER YIELD | E | LU0174544808 | EUR | 3,22 |
| DPAM L BONDS HIGHER YIELD | M | LU1518614661 | EUR | 2,86 |
| DPAM L BONDS HIGHER YIELD | V | LU0966593344 | EUR | 3,12 |
| DPAM L BONDS UNIVERSALIS UNCONSTRAINED | A | LU0138638068 | EUR | 1,15 |
| DPAM L BONDS UNIVERSALIS UNCONSTRAINED | E | LU0174543826 | EUR | 1,00 |
| DPAM L BONDS UNIVERSALIS UNCONSTRAINED | M | LU1518614232 | EUR | 1,16 |
| DPAM L BONDS UNIVERSALIS UNCONSTRAINED | V | LU0966592965 | EUR | 1,23 |
| DPAM L EQUITIES CONVICTION RESEARCH | A | LU0159348084 | EUR | 30,5 |
| DPAM L EQUITIES CONVICTION RESEARCH | M | LU1518615635 | EUR | 30,9 |

| DPAM L PATRIMONIAL FUND | A | LU0574765755 | EUR | 1,25 |
| --- | --- | --- | --- | --- |
| DPAM L PATRIMONIAL FUND | M | LU1518616443 | EUR | 1,37 |
| DPAM L PATRIMONIAL FUND | E | LU0574766134 | EUR | 1,45 |

Le Conseil d’Administration de la SICAV a fixé le paiement d’un dividende trimestriel du compartiment DPAM L GLOBAL TARGET INCOME pour l’année 2020 comme suit :
| Date de paiement | Classe | Montant /action |
| --- | --- | --- |
| 30/04/2020 | A | 0,77 |
|  | E | 0,75 |
|  | M | 0,77 |
| 30/06/2020 | A | 0,77 |
|  | E | 0,75 |
|  | M | 0,77 |
| 30/09/2020 | A | 0,77 |
|  | E | 0,75 |
|  | M | 0,77 |
| 31/12/2020 | A | 0,77 |
|  | E | 0,75 |
|  | M | 0,77 |


## NOTE 13 - TRANSACTIONS AVEC DES PARTIES LIÉES
Certains compartiments de la SICAV ont procédé au cours de la période à des achats/ventes de titres avec des parties liées, agissant comme contrepartie ou comme intermédiaire aux transactions.
Selon l’article 46. (3) de la loi modifiée du décembre 2010 un OPCVM qui investit une part importante de ses actifs dans d’autres OPCVM et/ou d’autres OPC doit indiquer dans son rapport annuel le pourcentage maximal des frais de gestion supportés tant au niveau de l’OPCVM qu’à celui des OPCVM et/ou autres OPC dans lesquels il investit.
Il n’y a pas de commission de gestion et de performance sur les fonds cibles, à l’exception du fonds cible DPAM Investment B Equities Europe Sustainable pour lequel le taux maximum est de 0,60%.

## NOTE 14 - EVÈNEMENT(S) SURVENU(S) PENDANT L'EXERCICE
Le conseil d'administration de DPAM L a décidé de liquider les classes d'actions suivantes du compartiment DPAM L BONDS EMERGING MARKETS SUSTAINABLE en procédant à un rachat forcé de toutes les actions en circulation de ces classes d'actions à la valeur nette d'inventaire du 28 février 2020. B EUR HEDGED
V EUR HEDGED W EUR HEDGED
Ces classes d'actions sont suspendues depuis le 17 février 2020.
Depuis le 20 janvier 2020, le compartiment DPAM L BONDS GOVERNMENT SUSTAINABLE a été renommé DPAM L BONDS GOVERNMENT SUSTAINABLE HEDGED.
Un nouveau compartiment DPAM L BONDS GOVERNMENT SUSTAINABLE a été créé, il s'agit d'un clone de celui qui existait avant le 20 janvier 2020. Le premier calcul de valeur nette d'inventaire est daté du 27 janvier 2020.
Le compartiment DPAM L CONVERTIBLE WORLD SUSTAINABLE a été créé le 30 octobre 2020.
Les compartiments DPAM L LIQUIDITY EUR&FRN et DPAM L BONDS EUR GOVERNMENT 1-5 ont été liquidés en date du 7 décembre 2020. Au 31 décembre 2020, ces 2 compartiments sont toujours en cours de liquidation, avec un montant cash de respectivement EUR 31.840,28 et EUR 28.351,74 retenu pour honorer les frais contractuels du quatrième trimestre 2020.
Le compartiment DPAM Asymmetric L Diversified de la SICAV DPAM Asymmetric L a été fusionné dans le compartiment DPAM L PATRIMONIAL FUND en date du 15 décembre 2020.
La pandémie de COVID-19 (coronavirus) menace toujours gravement la santé de la population mondiale et perturbe encore fortement la vie des gens au quotidien depuis maintenant plus d’une année. Cela a bien évidement une incidence sur l’économie mondiale bien que la finance dans son secteur spécifique ne soit pas le secteur le plus défavorisé. La plupart des secteurs de l’économie sont touchés et certains sont frappés extrêmement durement. L'exercice 2020 a été marqué par certains impacts négatifs sur la valorisation des actions, obligations, fonds et autres investissements et l’exercice 2021 devrait subir le même sort au regard des prévisions actuelles sur la pandémie en continuelle évolution. Les mesures actuelles et/ou nouvelles prises par les autorités sanitaires pour contenir la propagation du virus, bien que nécessaires, ont eu et continueront à avoir elles aussi des répercussions considérables sur l’activité économique. Il nous reste à espérer que même si ces effets sont importants, ils seront en définitive temporaires. Partout dans le monde, les autorités ont pris et continuent à prendre des mesures énergiques et indispensables pour contenir la diffusion du virus, et pour soutenir les particuliers et les entreprises en ces temps très difficiles. Nous pouvons espérer que la vaccination pourra apporter une lueur d’espoir pour 2021. Le Conseil d'Administration n'est actuellement pas en mesure d'estimer avec précision les conséquences de cette pandémie, mais suit de près la situation.

### Détermination du risque global
Chaque compartiment de la SICAV devra veiller à ce que son risque global lié aux instruments financiers
dérivés n’excède pas la valeur nette totale de son portefeuille.
Le risque global est une mesure conçue pour limiter l’effet de levier généré au niveau de chaque compartiment par l’utilisation d’instruments financiers dérivés. La méthode utilisée pour calculer ce risque au niveau de chaque compartiment de la SICAV sera celle des engagements. Cette méthode consiste à convertir les positions sur instruments financiers dérivés en positions équivalentes sur les actifs sous-jacents puis à agréger la valeur de marché de ces positions équivalentes.

### Rémunération
Politique de rémunération de DEGROOF PETERCAM ASSET SERVICES S.A.
- GénéralitésDegroof Petercam Asset Services S.A. (« DPAS ») applique une politique de rémunération qui a été conçue de façon à ne pas encourager les prises de risque inconsidérées. À cet égard, ladite politique intègre, dans son système de gestion des performances, des critères de risque spécifiquement adaptés aux divisions concernées. DPAS a mis en place toute une série de garde-fous destinés à empêcher le personnel de prendre des risques inconsidérés par rapport au profil d’activité.

La structure de gouvernance de la politique de rémunération (« la Politique ») vise à éviter tout conflit d’intérêts en interne. La Politique est établie par le Comité de rémunération et approuvée par le Directoire. La Politique suit un processus rigoureux définissant les principes, l’approbation, la communication, la mise en œuvre, la révision et l’actualisation de la Politique avec l’implication du Directoire, des Ressources Humaines, de l’audit interne et des autres fonctions de contrôle.
Les performances sont évaluées au niveau du Groupe et de DPAS. Les évaluations individuelles du personnel sont fondées sur la fixation d’objectifs financiers et non financiers déterminés en fonction des spécificités et de la portée de la fonction du collaborateur évalué. Par conséquent, les évaluations individuelles portent sur l’accomplissement ou non par le collaborateur des objectifs qui lui ont été assignés et à apprécier sa création de valeur à long terme. De surcroît, les performances permettent également l’évaluation des compétences commerciales et relationnelles et sont liées aux réalisations individuelles du collaborateur. Les critères pris en compte pour établir la rémunération fixe sont : la complexité des tâches, le niveau de responsabilité, les performances ainsi que les conditions du marché local.
- MéthodologieDPAS est titulaire d’une double licence, puisqu’elle exerce d’une part en qualité de société de gestion conformément au chapitre 15 de la loi du 17 décembre 2010 concernant les organismes de placement collectif, et d’autre part en qualité de gestionnaire de fonds d’investissement alternatifs en vertu de la loi du 12 juillet 2013 relative aux gestionnaires de fonds d’investissement alternatifs (« GFIA »).

Dans le cadre de ces deux lois, les responsabilités incombant à DPAS pour l’exercice de ses deux métiers sont relativement similaires. DPAS estime pouvoir affirmer à bon droit que son personnel est rémunéré de la même façon pour les tâches relevant de l’administration d’organismes de placement collectif en valeurs mobilières (« OPCVM ») et de fonds d’investissement alternatifs (« FIA »).
Par conséquent, la rémunération, comme précédemment évoqué, est le rapport entre les actifs sous gestion (« ASG ») de tous les OPCVM sous la responsabilité de DPAS et le total des ASG additionné des
Actifs Sous Administration (« ASA »). Sur la base des ASG et ASA calculés au 31 décembre 2020, ce ratio
s’élève à 58,62% (71.82% en 2019).
Au 31 décembre 2020, DPAS, la société de gestion, totalisait 30,493 milliards EUR d’ASG pour les OPCVM. Afin d’évaluer la proportion de la rémunération du personnel de la société de gestion imputable à l’ensemble des OPCVM gérés, il convient d'appliquer le ratio susmentionné à la rémunération annuelle du personnel concerné.
Afin d’évaluer la proportion de la rémunération du personnel de la société de gestion imputable à cet OPCVM uniquement, il convient d’appliquer à la rémunération annuelle du personnel concerné le ratio découlant du rapport entre les ASG de cet OPCVM et le total des ASG de l’ensemble des OPCVM.
- Rémunération par catégorie de personnelLe tableau ci-dessous précise, par catégorie de personnel, comment est allouée la rémunération totale des collaborateurs de la société de gestion sur la base des ASG de tous les OPCVM :

| Catégorie de personnel | Nombre de bénéficiaires (*) | Rémunération totale (en EUR) | Rémunération fixe versée (en EUR) | Rémunération variable versée (en EUR) |
| --- | --- | --- | --- | --- |
| Senior Management (**) | 4 | 635,917 | 472,780 | 163,137 |
| Personnel identifié (***) | 2 | 130,651 | 112,955 | 17,696 |
| Autre personnel | 121 | 4,503,655 | 3,836,094 | 667,561 |
|  | 127 | 5,270,223 | 4,421,829 | 848,394 |

(*) Aucun critère de proportionnalité n’est appliqué
(**) Directoire
(***) Personnel identifié autre que celui reporté dans la catégorie Senior Management
Tous les chiffres se rapportent à l’année civile 2020.
- Plus-values (carried interest) versées par les OPCVMAucun collaborateur de la société de gestion ne reçoit de plus-values en provenance d’un quelconqueOPCVM.
- Revue de la politique de rémunérationLa Politique de Rémunération de DPAS est soumise à une revue annuelle, au minimum. Elle a été revue et mise à jour en 2020.

La Politique de Rémunération de DPAS a été validée par le Directoire le 19 janvier 2021.

### Politique de rémunération de Degroof Petercam Asset Management S.A./N.V.
Montant total des rémunérations pour l’exercice :
|  | Total payé par la société de gestion et l’OPC à son personnel | Nombre	de bénéficiaires | Autre montant payé directement par l’OPC | Commissions	de performances |
| --- | --- | --- | --- | --- |
| Rémunérations fixes | 12.349.326 € | 157 | / | / |
| Rémunérations variables | 3.763.862 € | 129 | / | / |

Montant agrégé des rémunérations
| Personnel identifié | 7.865.397 € |
| --- | --- |
| Gestionnaires de portefeuilles | 4.774.336 € |

Description de la manière dont les rémunérations et les avantages ont été calculés
Ces informations sont disponibles dans la Politique de rémunération établie par Degroof Petercam Asset Management.
La Politique de rémunération est disponible sur le site https://www.funds.degroofpetercam.com (onglet Informations réglementaires - ‘Remuneration policy’).
Résultats des examens sur la revue annuelle par la société de gestion des principes généraux de la
politique de rémunération et de leur mise en œuvre
La revue annuelle de la politique de rémunération n’a pas donné lieu à des modifications de la Politique
de rémunération.
Modification importante de la politique de rémunération adoptée
La Politique de rémunération approuvée par le conseil d’administration de la société de gestion en date du 14 février 2017 n’a pas été modifiée en 2019.
Les détails de la Politique de Rémunération, y compris la composition du comité de rémunération, sont accessibles via le site https://www.funds.degroofpetercam.com (onglet Informations réglementaires - ‘Remuneration policy’).

### Politique de rémunération de Degroof Petercam Asset Management France
Rémunération brutes au 31 décembre 2019
| Montant total de la rémunération brute globale |  |  |
| --- | --- | --- |
| versée en 2019 et nombre de collaborateurs |  |  |
| concernés | *1.183.193,00 | 13 salariés et 2 stagiaires chargés (inclut Entheca 2S19) |
| Montant total brut des primes versées en 2019 | 278.021,00 | Primes versées sur 2019 sur l'activité de 2018 |
| Montant total de la rémunération brute pour les |  |  |
| identified staff | 384.832,00 |  |
| Répartition la rémunération brute entre : |  | N'inclut pas de stagiaire |
| Cadre | 1.096.671,00 |  |
| Non cadre | 77.433,00 |  |

* EUR 278.021,00 inclus

### 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.

## DEGROOF PETERCAM ASSET MANAGEMENT SA,

### rue Guimard 18 B - 1040 - Brussels - Belgium Belgium
Limerick, 6
th 
Janvier 2021

## DPAM L FUND
Glass Lewis Europe Limited : Rapport d’analyse et d’exécution du vote des valeurs contenues dans la SICAV
DPAM L FUND.
Dans le cadre du mandat octroyé à Glass Lewis Europe Limited par le Conseil d’administration de DPAM L FUND, Glass Lewis Europe Limited a mis en oeuvre un service d’analyse et d’exercice du vote permettant d’assister les gestionnaires de la SICAV à remplir leurs responsabilités fiduciaires envers leurs actionnaires.
Une analyse des résolutions signalant les points non-conformes aux principes de Gouvernance d’Entreprise retenus par DPAM L FUND signale les anomalies et, grâce à notre service d’exécution des votes, a permis aux gérants de prendre les mesures qu’ils jugeaient nécessaires.
Cette analyse, consignée dans un document disponible sur notre service, se base sur les standards et principes reconnus de chaque place financière concernée ainsi qu’à la structure de Gouvernance d’Entreprise attendue de chaque émetteur.
Votre SICAV a approuvé la majorité des résolutions qui ont été proposées aux différentes assemblées. Une résolution ne bénéficie pas d’une approbation dès qu’elle est considérée comme allant à l’encontre des les intérêts à long terme des actionnaires et donc de ceux de la SICAV. C’est le cas lorsque le Conseil d’Administration tente de mettre en place des structures de défense de capital ou encore lorsque les intérêts de la société émettrice ne semblent pas coïncider avec ceux de l’actionnaire.
Glass Lewis Europe Limited a ouvert un dossier relatif à chacune des Assemblées Générales dans lesquelles
votre SICAV a exercé son droit de vote au cours de l’année 2020.
La SICAV a participé à 95 assemblées des sociétés, dont certains compartiments, détenaient des actions. Elle
a approuvé 1258 résolutions, a voté contre 88 résolutions et s’est abstenue de 5 résolutions.
Mike O’Sullivan
General Manager