Subject: File No. 265-28
From: Ken Hollingshead

May 5, 2016

From the:
Recommendation of the Investor Advisory Committee
Regarding Mutual Fund Cost Disclosure
(April 14, 2016)

I very strongly agree that "the Commission should take immediate steps to require dollar amount cost disclosures on account statements as a supplement to existing prospectus disclosures."

If anyone objects, tell them it will only cost "0.0038%"

When they object to a silly percentage, tell them a dollar amount on a statement is more useful, isn't it?

Thanks for your work and hearing my input,

Ken Hollingshead