Subject: File No. 265-28
From: William Nantau

May 5, 2016

I very much like the idea of receiving customized, dollars-and-cents disclosure from mutual fund companies regarding their fund expenses. This is A valuable next step to provide consumers like me with dollars-and-cents disclosure on their account statements, as laid out in a recent recommendation from the SEC's Investor Advisory Committee. Seeing this information like scrutinizing my final receipt after an expensive visit to the grocery store--is essential to improving my financial decision-making processes. And as the Investor Advisory Committee's recommendation points out, investors are much more likely to look at their account statements than any other type of shareholder literature, especially a prospectus. All of the above points I agree with since I was forced into the investing world by the introduction of retirement funding as my total responsibility.

Thank you