Correspondence 0001445546-23-005262 from FT 10949 (CIK 0001980055)

FT 10949 (CIK 0001980055)
Date: Aug. 23, 2023 · CIK: 0001980055 · Accession: 0001445546-23-005262

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File numbers found in text: 333-273501

Date

August 23, 2023

Author

Not clearly detected

Form

CORRESP

Company

FT 10949 (CIK 0001980055)

Letter

Division of Investment Management Re: FT 10949 Limited Duration Fixed Income ETF Portfolio, Series 52 (the “Trust”) CIK No. 1980055 File No. 333-273501

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

Risk Factors

1.If the Funds held by the Trust invest in subprime residential mortgage loans, please add relevant risk disclosure.

Response:In accordance with the Staff’s comment, if the Trust’s final portfolio has exposure to Funds that invest in subprime residential mortgage loans, 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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CORRESP
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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

August 23, 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 10949

    Limited Duration Fixed Income ETF Portfolio, Series 52

    (the “Trust”)

    CIK No. 1980055 File No. 333-273501

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

Risk Factors

1.If
the Funds held by the Trust invest in subprime residential mortgage loans, please add relevant risk disclosure.

Response:In
accordance with the Staff’s comment, if the Trust’s final portfolio has exposure to Funds that invest in subprime residential
mortgage loans, 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

SecProbe.io