Correspondence 0001445546-23-002979 from FT 10720 (CIK 0001966970)
FT 10720 (CIK 0001966970)
Date: May 3, 2023 · CIK: 0001966970 · Accession: 0001445546-23-002979
AI Filing Summary & Sentiment
File numbers found in text: 333-270973
Letter
Division of Investment Management Re: FT 10720 Interest Rate Hedge Portfolio, Series 149 (the “Trust”) CIK No. 1966970 File No. 333-270973
Dear Mr. Cowan:
We received your comment regarding the Registration Statement for the above captioned Trust. This letter serves to respond to your comment.
Comment
Risk Factors
1.If the underlying ETFs invest in bonds that reference LIBOR, please add risk disclosure.
Response:If the Trust’s final portfolio has exposure to Funds that invest in 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
May 3, 2023
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 10720
Interest Rate Hedge Portfolio, Series 149
(the “Trust”)
CIK No. 1966970 File No. 333-270973
Dear Mr. Cowan:
We received your comment
regarding the Registration Statement for the above captioned Trust. This letter serves to respond to your comment.
Comment
Risk Factors
1.If
the underlying ETFs invest in bonds that reference LIBOR, please add risk disclosure.
Response:If
the Trust’s final portfolio has exposure to Funds that invest in 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