FUND MANAGEMENT -INSTITUTIONAL STEPS 2007, launchofourfirstinvestmentfund(closed-end)forinstitutionals,theSecurityiFundfundMSCIBrazil SmallCapIndex;capitalraisingforUSD70millionfromChileanAFPs(pensionfundmanagers) 2009, launchofthefirstnon-moneymarketmutualfundforinstitutionalsinChile,SecurityFixedIncome BRL;initialcapitalraisingforUSD150millionfromAFPs. 2011,launchofSecurityInflation-LinkedDebtFund; initialcapitalraisingforUSD120millionfromAFPs. 2012, launchoftheSecurityDebtCorporateLatinAmericaFund; initial capitalraisingforUSD70million fro FP. 2012, launchofourfirstinvestmentfund(closed-end)orientedtodistresseddebt, inassociationwith OaktreeCapitalManagement,theSecurityOaktreeOpportunitiesInvestmentFund. 2013-2018,launchofvariousinvestmentfunds,continuousdevelopmentofInstitutional-orientedstrategy, identifyingpotentialmarketniches,andcontributingvalueinAlternativeAssets. InMay2018,changesintheAGFteamtookplace,whichimpliedforastrongreorganizationofthe investmentteam, incorporatingprofessionalswithextensiveexperienceandprestigeintothedisciplines andareasofexpertisethathavecharacterizedourAGF,andthusratifyingourfull commitmenttoour institutionalclients. 19