Correspondence 0001445546-22-008338 from FT 10459 (CIK 0001943978)
FT 10459 (CIK 0001943978)
Date: Dec. 5, 2022 · CIK: 0001943978 · Accession: 0001445546-22-008338
AI Filing Summary & Sentiment
File numbers found in text: 333-268164
Letter
Division of Investment Management Re: FT 10459 Interest Rate Hedge Portfolio, Series 147 (the “Trust”) CIK No. 1943978 File No. 333-268164
Dear Mr. Cowan:
We received your comments regarding the Registration Statement for the above captioned Trust. This letter serves to respond to your comments.
Comments
General
1.Please confirm that the valuation disclosure in the Registration Statement has been updated per Rule 2a-5.
Response:The Trust confirms all valuation disclosure in the Registration Statement is accurate and in compliance with Rule 2a-5.
Risk Factors
2. If the Trust has exposure to any underlying ETFs that invest in bonds that reference LIBOR, please add appropriate risk disclosure.
Response:In accordance with the Staff’s comment, if the Trust’s final portfolio has exposure to bonds that reference LIBOR, appropriate disclosure will be added to the Trust’s prospectus.
We appreciate your prompt attention to this Registration Statement. If you have any questions or comments or would like to discuss our responses to your questions, please feel free to contact Brian D. Free at (312) 845-3017 or the undersigned at (312) 845-3721.
Very truly yours,
Chapman and Cutler llp
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Chapman and Cutler LLP
320 South Canal Street, 27th Floor
Chicago, Illinois 60606
T 312.845.3000
F 312.701.2361
www.chapman.com
December 5, 2022
Mark Cowan
U.S. Securities and Exchange Commission
Division of Investment Management
Disclosure Review Office
100 F Street, N.E.
Washington, D.C. 20549
Re:
FT 10459
Interest Rate Hedge Portfolio, Series 147
(the “Trust”)
CIK No. 1943978 File No. 333-268164
Dear Mr. Cowan:
We received your comments
regarding the Registration Statement for the above captioned Trust. This letter serves to respond to your comments.
Comments
General
1.Please
confirm that the valuation disclosure in the Registration Statement has been updated per Rule 2a-5.
Response:The
Trust confirms all valuation disclosure in the Registration Statement is accurate and in compliance with Rule 2a-5.
Risk Factors
2. If
the Trust has exposure to any underlying ETFs that invest in bonds that reference LIBOR, please add appropriate risk disclosure.
Response:In
accordance with the Staff’s comment, if the Trust’s final portfolio has exposure to bonds that reference LIBOR, appropriate
disclosure will be added to the Trust’s prospectus.
We appreciate your prompt attention to this Registration
Statement. If you have any questions or comments or would like to discuss our responses to your questions, please feel free to contact
Brian D. Free at (312) 845-3017 or the undersigned at (312) 845-3721.
Very truly yours,
Chapman and Cutler llp
By:
/s/ Daniel J. Fallon
Daniel J. Fallon