Subject: File No. 4-606
From: Brendan E Connelly
Affiliation: Fee-Only Investment Advisor

July 29, 2010

The only reason for brokers not to be held to a fiduciary standard is the self-interest of the brokerage industry. I was a broker myself at one time and made the difficult yet accurate decision to transition to the fee-only/fiduciary model. Thank God I did as my conscience and my clients both love it. Do the right thing. Resist the lobbying money of the brokerage industry and hold them to a fiduciary standard. Thank you, Brendan Connelly, Index Funds Advisors, Inc. (