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

April 7, 2020

I use leveraged funds in my retirement accounts. For people like me that watch the markets closely, leveraged funds allow me to enhance my gains in strong bull markets and bear markets. Using leveraged funds allowed me to retire early when I was laid off from engineering at Boeing (age 53). I am totally aware of the risks because I have been using them since the 2008 downturn and subsequent recovery. I continue to use them as I grow older in retirement (age 58), including this month of the fastest bear market in history. (Mar 2020).