Historical NAV (EUR)

Net Asset Value (EUR)

Date	NAV per share	NAV Total (EUR m)
31 Oct 2020	28.26	22.61
30 Sep 2020	28.52	22.82
31 Aug 2020	28.91	23.13
31 Jul 2020	28.39	22.71
30 June 2020	28.01	22.41
31 May 2020	27.62	22.10
30 Apr 2020	26.92	21.54
31 Mar 2020	25.93	20.74
29 Feb 2020	30.66	24.53
31 Jan 2020	31.49	25.19
31 Dec 2019	31.12	24.89
30 Nov 2019	30.48	24.38
31 Oct 2019	30.47	24.37
30 Sep 2019	30.29	24.24
31 Aug 2019	30.31	24.25
31 Jul 2019	30.33	24.26
30 Jun 2019	30.25	24.20
31 May 2019	28.53	22.82
30 Apr 2019	28.69	22.95
31 Mar 2019	28.31	22.65
28 Feb 2019	28.26	22.61
31 Jan 2019	28.06	22.45
31 Dec 2018	27.58	22.06
30 Nov 2018	28.46	22.77
31 Oct 2018	28.58	22.87
30 Sep 2018	29.09	23.25
31 Aug 2018	28.73	22.98
31 Jul 2018	28.98	23.19
30 Jun 2018	28.87	23.10
31 May 2018	28.69	22.95
30 Apr 2018	28.69	22.95
31 Mar 2018	28.19	22.55
28 Feb 2018	28.60	22.88
31 Jan 2018	29.09	23.27
31 Dez 2017	28.62	22.90
30 Nov 2017	28.00	22.40
31 Oct 2017	27.97	22.37
30 Sep 2017	27.77	22.22
31 Aug 2017	27.79	22.23
31 Jul 2017	27.87	22.29
30 Jun 2017	27.77	22.22
31 May 2017	27.65	22.65
30 Apr 2017	27.35	21.88
31 Mar 2017	27.15	21.72
28 Feb 2017	27.11	21.69
31 Jan 2017	26.13	20.90
31 Dec 2016	26.20	20.96
30 Nov 2016	24.62	19.69
31 Oct 2016	24.68	19.75
30 Sep 2016	24.67	19.74
31 Aug 2016	24.68 4)	19.75
31 Jul 2016	25.59	20.47
30 Jun 2016	25.47	20.37
31 May 2016	25.23	20.18
30 Apr 2016	25.22	20.18
31 Mar 2016	25.19	20.16
29 Feb 2016	24.86	19.88
31 Jan 2016	24.99	19.99
31 Dec 2015	25.49	20.39
30 Nov 2015	25.55	20.44
31 Oct 2015	25.31	20.25
30 Sep 2015	25.02	20.02
31 Aug 2015	25.14 3)	20.11
31 Jul 2015	26.41	21.13
30 Jun 2015	26.36	21.09
31 May 2015	26.00	20.80
30 Apr 2015	25.70	20.56
31 Mar 2015	25.42	20.34
28 Feb 2015	24.34	19.47
31 Jan 2015	23.75	19.00
31 Dec 2014	23.65	18.92
30 Nov 2014	23.62	18.90
31 Oct 2014	23.32	18.66
30 Sep 2014	23.52 2)	18.82
31 Aug 2014	24.82	19.86
31 Jul 2014	24.71	19.77
30 Jun 2014	24.43	19.55
31 May 2014	24.03	19.22
30 Apr 2014	23.81	19.05
31 Mar 2014	23.70	18.96
28 Feb 2014	23.98	19.19
31 Jaqn 2014	23.78	19.02
31 Dec 2013	24.04	19.23
30 Nov 2013	23.95	19.16
31 Oct 2013	23.72	18.98
30 Sep 2013	23.23	18.59
31 Aug 2013	22.81 1)	18.25
31 Jul 2013	24.10	19.28
30 Jun 2013	23.87	19.10
31 May 2013	24.13	19.30
30 Apr 2013	24.07	19.26
31 Mar 2013	23.99	19.19
28 Feb 2013	23.92	19.13
31 Jan 2013	23.93	19.14
31 Dec 2012	23.57	18.86
30 Nov 2012	23.09	18.47
31 Oct 2012	23.06	18.45
30 Sep 2012	23.15	18.52
31 Aug 2012	23.23	18.59
31 Jul 2012	23.29	8.63
30 Jun 2012	22.70	18.16
31 May 2012	22.30	17.84
30 Apr 2012	22.56	18.05
31 Mar 2012	22.55	18.04
29 Feb 2012	22.37	17.89
31 Jan 2012	22.27	17.82
31 Dec 2011	21.80	17.44
30 Nov 2011	22.14	17.71
31 Oct 2011	22.64	18.11
30 Sep 2011	22.54	18.03
31 Aug 2011	23.28	18.62
31 Jul 2011	24.08	19.26
30 Jun 2011	24.11	19.29
31 May 2011	22.76	18.21
30 Apr 2011	22.84	18.27
31 Mar 2011	22.56	18.05
28 Feb 2011	22.83	18.26
31 Jan 2011	23.03	18.42
31 Dec 2010	23.18	18.55
30 Nov 2010	21.07	16.86
31 Oct 2010	21.30	17.00
30 Sep 2010	20.65	16.50
31 Aug 2010	20.05	16.04
31 Jul 2010	19.77	15.81
30 Jun 2010	19.46	15.57
31 May 2010	19.27	15.41
30 Apr 2010	20.00	16.00
30 Mar 2010	19.94	15.95
28 Feb 2010	19.01	15.21
31 Jan 2010	19.34	15.47
31 Dec 2009	18.59	14.86
30 Nov 2009	18.26	14.60
31 Oct 2009	17.80	14.23
30 Sep 2009	17.55	14.04
31 Aug 2009	16.72	13.38
31 Jul 2009	16.05	12.84
30 Jun 2009	15.77	12.62
31 May 2009	15.92	12.74
30 Apr 2009	15.43	12.34
31 Mar 2009	14.68	11.81
28 Feb 2009	14.65	11.72
31 Jan 2009	14.77	11.74
31 Dec 2008	14.55	11.63
30 Nov 2008	15.03	12.02
31 Oct 2008	15.65	12.52

Quarterly NAV Performance (EUR)

	Q1	Q2	Q3	Q4	FY
2007 Change	+5.1%	+5.0%	+0.1%	+11.5%	+23.2%
2008 Change	-2.9%	+3.3%	-10.7%	-17.7%	-26.2%
2009 Change	+1.5%	+7.4%	+11.3%	+5.9%	+27.7%
2010 Change	+7.3%	-2.4%	+6.1%	+12.3%	+24.7%
2011 Change	-2.7%	+6.9%	-6.5%	-3.3%	-5.9%
2012 Change	+3.4%	+0.7%	+2.0%	+1.8%	+8.1%
2013 Change	+1.8%	-0.5%	+2.1%	+3.5%	+7.2%
2014 Change	-1.4%	+3.1%	+1.0%	+0.6%	+3.2%
2015 Change	+7.5%	+3.7%	-1.3%	+1.9%	+12.1%
2016 Change	-1.2%	+1.1%	+0.8%	+6.2%	+6.7%
2017 Change	+3.6%	+2.3%	0.0%	+3.1%	+9.2%
2018 Change	-1.5%	+2.4%	+0.7%	-5.1%	-3.6%
2019 Change	+2.6%	+6.9%	+0.1%	+2.7%	+12.8%
2020 Change	-16.7	+8.0	+1.8%		-8.3%

Dividend Payments

¹ Please note that in August 2013, Q·CAPITAL paid out a dividend in the amount of EUR 1.1342 per share, which explains the drop in the NAV between July and August 2013.

² Please note that in September 2014, Q·CAPITAL paid out a dividend in the amount of EUR 1.1625 per share, which explains the drop in the NAV between August and September 2014.

³ Please note that in August 2015, Q·CAPITAL paid out a dividend in the amount of EUR 1.0077 per share, which explains the drop in the NAV between July and August 2015.

⁴ Please note that in August 2016, Q·CAPITAL paid out a dividend in the amount of EUR 1.0022 per share, which explains the drop in the NAV between July and August 2016.