Subject: File No. S7-24-15
From: Hubert Privette

January 30, 2020

Please give me the flexibility to invest in leveraged funds. I view having the ability to invest in leveraged funds affords me the ability to appreciate gains that would normally require investing a substantially larger part of my portfolio. Leveraged funds therefore give me an opportunity for greater diversity. They also spread out my exposure to a large number of companies within their portfolios, thus reducing volatility and commissions versus investing in individual companies.