Subject: File No. S7-24-15
From: makarand walimbe

March 19, 2020

This is to state that -

Leveraged and Inversed funds are a very important part of my investment decisions. These funds allow me to seek better portfolio protection while maintaining better returns.

I'm capable of understanding such funds and the risks associated with it. I'm in favor of investors setting up their own risk profiles rather than a third party. I'm also in favor of preserving the long standing free market where investors and advisors have the freedom to buy securities without additional government imposed limitations on investors choice.