Subject: File No. 265-28
From: Eric Lund, Ph.D
Affiliation: Retired Professor

May 6, 2016

I have read the recommendation of the Investor Advisory Committee regarding mutual fund disclosure (April 14, 2016) and wholeheartedly endorse it.
Morningstar had a valuable article about it on May 6 which convinced me that this is sorely needed to protect investors from manipulation by the financial industry.
As a retiree living on my investments I watch fee costs very carefully. I urge you to move forward with the recommendation to make disclosure of the actual dollar cost of investing manditory.