Correspondence 0001445546-23-004671 from FT 10906 (CIK 0001977593)
FT 10906 (CIK 0001977593)
Date: July 27, 2023 · CIK: 0001977593 · Accession: 0001445546-23-004671
AI Filing Summary & Sentiment
File numbers found in text: 333-272979
Letter
Division of Investment Management Re: FT 10906 Balanced Income Equity and ETF Portfolio, Series 63 (the “Trust”) CIK No. 1977593 File No. 333-272979
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.The Staff notes that the disclosure states that the Sponsor selected stocks that have a market capitalization of greater than $5 billion. Given such disclosure, please include a small and/or mid capitalization companies risk for this Trust.
Response:The Trust notes that the referenced disclosure is the minimum market capitalization that a stock must meet in order to be considered for inclusion in the portfolio. However, the Trust notes this does not mean that common stocks with a market capitalization of $5 billion will be included in the Trust’s portfolio (i.e., all of the stocks ultimately selected could be large capitalization companies). If, based on the final portfolio, the Trust has exposure to small and/or mid-capitalization companies, relevant disclosure will be added to the Trust’s prospectus.
Risk Factors
2.If the Trust has exposure to small and/or mid capitalization companies, please include a risk factor for small and/or mid capitalization companies.
Response:If, based on its final portfolio, the Trust has exposure to small and/or mid-capitalization companies, relevant risk disclosure will be added to the Trust’s prospectus. Otherwise, the “Additional Portfolio Contents” section will be revised.
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
July 27, 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 10906
Balanced Income Equity and ETF Portfolio, Series 63
(the “Trust”)
CIK No. 1977593 File No. 333-272979
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.The
Staff notes that the disclosure states that the Sponsor selected stocks that have a market capitalization of greater than $5 billion.
Given such disclosure, please include a small and/or mid capitalization companies risk for this Trust.
Response:The
Trust notes that the referenced disclosure is the minimum market capitalization that a stock must meet in order to be considered for inclusion
in the portfolio. However, the Trust notes this does not mean that common stocks with a market capitalization of $5 billion will be included
in the Trust’s portfolio (i.e., all of the stocks ultimately selected could be large capitalization companies). If, based on the
final portfolio, the Trust has exposure to small and/or mid-capitalization companies,
relevant disclosure will be added to the Trust’s prospectus.
Risk Factors
2.If
the Trust has exposure to small and/or mid capitalization companies, please include a risk factor for small and/or mid capitalization
companies.
Response:If,
based on its final portfolio, the Trust has exposure to small and/or mid-capitalization companies, relevant risk disclosure will be added
to the Trust’s prospectus. Otherwise, the “Additional Portfolio Contents” section will be revised.
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