Subject: File No. S7-24-15
From: Charles Greenlee

March 12, 2020

Leveraged and Inverse funds have been in rebalancing some holdings that I have had for years by having some losses in against those gains and lowering tax liabilities.
Also since I have felt that as historically recessions along with market corrections have occurred every 5 or so years they have been the best hedge during these past frothy 4 or 5 years,