Subject: File No. S7-24-15
From: Dan Yang

April 7, 2020

I want to express support for leveraged and inverse fund. As an individual investor, I believe these funds can help me to more efficiently make positions based on my view for the market and fundamental economy. These fund can produce results which are less correlated with SP500 index, and it may allow for de-risk operation. Therefore, I want to keep leveraged and inverse funds available to me.