Subject: File No. S7-24-15
From: Gregory Hall

January 30, 2020

I have been investing in leveraged funds for well over 10 years - many of them I have held over 10 years. The returns have outpaced the market even dividing the leverage aspect of the investment. This is more economical than going with the high margin rates the firms charge. These are diversified and are less risky than home mortgages that are 4 - 5 times leveraged.