Subject: File No. S7-12-10
From: Concepcion G. Perez

July 8, 2010

As an investor and licensed representative I welcome the opportunity to share few thoughts regarding proposed target fund regulations.
1). Full disclosure of fees is extremely necessary. From expense ratios associated with each individual fund and the overall fee associated with the individual target fund.
2). Disclose specifically how often these funds are rebalanced and the criteria used to do so.
3). How many mutual funds can be held in a target fund to have true diversication without overlapping?

As a licensed individual for over 20 years and experienced presenter, tranparency can only be achieved if mutual fund companies are forced to explain things in plain English so they can be understood by the average investor.

Thanks for reading.

Sent from my iPhone


Conchy Perez