Subject: File No. S7-24-15
From: Joe Carr

February 21, 2020

The funds are beneficial in terms of downside protection and serve as a method for smoothing out to returns during downtrends. I should be allowed to make my own investment decisions and do not need Big Brother ensuring I don't make mistakes. I would hope that the SEC would be more concerned with the potential fraudulent activity committed by large listed corporations instead of trying to regulate the small investor.