FUND MANAGEMENT -INSTITUTIONAL CLIENTS Ourpositionintheinstitutionalmarkethasbeenachievedduetoadedicatedandhighlyspecialized team.ThisiscentraltoSecurity'sstrongcommitmenttodevelopahighvalueofferfortheChilean institutionalmarketandotherselectedmarkets. Ourfundshaveanimportantrecognitionoftheindustry,andareproofofourstronglong-term commitmenttoourcustomers,complyingwiththehighstandardsofserviceandtrackrecord. heinstitutional undsmanagedanddistributedbyourA makeupasignificantproportionof e fundsundermanagement. Inthecaseofourinstitutionalmutualfunds,theyputusastheabsolute leaderoftheChileannon-moneymarketmutualfundindustry. Aspartofourinstitutionalstrategy,internationalizationhasbeenstarted,withourfirstfundlistedon theBNP-Luxembourgplatform,PareturnSecurityLatamCorporateDebt. 18