Subject: File No. S7-24-15
From: William Smith

February 21, 2020

I have invested in leveraged ETFs for years and they are great. I have made a lot more money than I would have without them in my portfolio. I understand how they work and accept the risk associated with them. Do not fix something that isn't broke. Do not trample on my freedom to choose these investments. Sincerely, William G. Smith III