Subject: File No. S7-24-15
From: Robert Elliott

February 19, 2020

Bad people with bad advice are the problem, not the funds. I own several leveraged funds as a small part of my portfolio. owning some diversified leverage for a long time, not a short time, is actually just fine compared to many other less feared but actually worse alternatives, if you run the numbers. please do not attempt to control everyone's lives.