Correspondence 0001445546-23-002980 from FT 10728 (CIK 0001967012)
FT 10728 (CIK 0001967012)
Date: May 3, 2023 · CIK: 0001967012 · Accession: 0001445546-23-002980
AI Filing Summary & Sentiment
File numbers found in text: 333-270972
Letter
Division of Investment Management Re: FT 10728 Inflation Hedge Portfolio, Series 53 (the “Trust”) CIK No. 1967012 File No. 333-270972
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
Portfolio
1.If any of the ETFs or ETPs in the Trust’s portfolio are advised by First Trust Advisors L.P., an affiliate of the Trust’s Sponsor, please add disclosure addressing the potential conflicts arising from and benefits to First Trust Advisors L.P. from the Trust’s investment in such ETFs.
Response: If the Trust has exposure to any Funds which are advised by First Trust Advisors L.P., an affiliate of the Trust’s Sponsor, appropriate disclosure will be added to the Trust’s prospectus.
Risk Factors
2.If the Trust has exposure to any underlying ETFs that invest in floating-rate instruments or bonds that reference LIBOR, please add risk disclosure.
Response:If the Trust’s final portfolio has exposure to Funds that invest in floating-rate instruments or 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 10728
Inflation Hedge Portfolio, Series 53
(the “Trust”)
CIK No. 1967012 File No. 333-270972
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
Portfolio
1.If
any of the ETFs or ETPs in the Trust’s portfolio are advised by First Trust Advisors L.P., an affiliate of the Trust’s Sponsor,
please add disclosure addressing the potential conflicts arising from and benefits to First Trust Advisors L.P. from the Trust’s
investment in such ETFs.
Response: If
the Trust has exposure to any Funds which are advised by First Trust Advisors L.P., an affiliate of the Trust’s Sponsor, appropriate
disclosure will be added to the Trust’s prospectus.
Risk Factors
2.If
the Trust has exposure to any underlying ETFs that invest in floating-rate instruments or bonds that reference LIBOR, please add risk
disclosure.
Response:If
the Trust’s final portfolio has exposure to Funds that invest in floating-rate instruments or 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