Subject: File No. S7-24-15
From: Kevin Frantze

March 11, 2020

As a small investor, I am opposed to regulations which may block my access to inverse funds. Inverse funds provide protection to people like me in market turmoil just like what we are currently experiencing this very moment. My investment in VIXY is the only thing that is currently helping my retirement accounts, and an important option to have when stocks become clearly overvalued.