This item does have small holes around the "F". This Monogrammed Rain Jacket is 100% wind and waterproof. It jacket is lined with grey mesh for airflow circulation and its lined sleeves provide easy on/off dressing. The hood and open hem of this jacket feature shock cord drawstrings for fit adjustment. This jacket has front-vented capes for breathability and easy decorating access. It also has a reflective stripe accent on the front and backsides, and a 2-way front zipper for free movement. Additional features include: covered zippered side pockets, adjustable cuffs with hook and loop closure, and A-line styling. Made of bonded Polyurethane, mesh, and Taffeta Nylon.