Subject: File No. S7-08-20
From: Tim A Johns, Johns
Affiliation: Floor and Decor

July 22, 2020

Please rethink this proposal. Institutional investors are the minority of the market and this rule change will cost you more than save you. This is going to put fear in the everyday investors and that will not be good for the market especially in this time. I propose you change this proposal to require all reporting of every holding by the funds. Thank you for taking the time to read my comment and considering my input.

Timothy A Johns