Subject: File No. 265-28
From: Betty L. Sachs

May 5, 2016

I am in agreement with the Recommendations of the Investor Advisory Committee Regarding Mutual Fund Disclosure. This is long over due.

It is virtually impossible for the average investor to find these costs. I believe more investors would choose ETF's and Index Funds as a means to invest in the market if they actually knew the fees they were paying to mutual fund companies.