Subject: File No. S7-08-15

July 28, 2015

Shareholder reports & mutual fund descriptions are important tools for investors who have come to rely on this information via the mail.
If this rule is adopted, another segment of FIRST CLASS MAIL will disappear and millions of investors will lose easy access to vital
financial information. Mail delivery provides the broadest access to all recipients and should be the default option for information
distribution. Most Americans prefer paper communication for financial disclosures. Many investors might like to receive electronic
communication, they should choose it since the majority prefers paper-based options. Americans who prefer the safety from would be hackers. the security and privacy that the U.S. Postal Service has provided for hundreds of years.