Correspondence 0001445546-23-007156 from FT 11056 (CIK 0001985927)
FT 11056 (CIK 0001985927)
Date: Oct. 27, 2023 · CIK: 0001985927 · Accession: 0001445546-23-007156
AI Filing Summary & Sentiment
Letter
Division of Investment Management Re: FT 11056 Inflation Hedge Portfolio, Series 55 (the “Trust”) CIK No. 1985927 File No. 333- 274639
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:The Trust does not anticipate holding ETFs or ETPs in its portfolio that are advised by the Sponsor’s affiliate, First Trust Advisors L.P. However, if the Trust’s final portfolio contains any ETFs or ETPs advised by the Sponsor’s affiliate, appropriate disclosure will be added to the prospectus.
Risk Factors
2.With respect to the “Interest Rate Risk,” please delete “recently” to be consistent with the “Market Risk” disclosure, which notes “. . . the Federal Reserve has raised interest rates and expects to continue to do so . . . .”
Response:In accordance with the Staff’s comment, the word “recently” in the fourth sentence of the “Interest Rate Risk” will be removed and the sentence will be replaced in its entirety with the following:
“The Federal Reserve has raised interest rates and expects to continue to do so in response to inflation.”
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
October 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 11056
Inflation Hedge Portfolio, Series 55
(the “Trust”)
CIK No. 1985927 File No. 333- 274639
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:The
Trust does not anticipate holding ETFs or ETPs in its portfolio that are advised by the Sponsor’s affiliate, First Trust Advisors
L.P. However, if the Trust’s final portfolio contains any ETFs or ETPs advised by the Sponsor’s affiliate, appropriate disclosure
will be added to the prospectus.
Risk Factors
2.With
respect to the “Interest Rate Risk,” please delete “recently” to be consistent with the “Market Risk”
disclosure, which notes “. . . the Federal Reserve has raised interest rates and expects to continue to do so . . . .”
Response:In
accordance with the Staff’s comment, the word “recently” in the fourth sentence of the “Interest
Rate Risk” will be removed and the sentence will be replaced in its entirety with the following:
“The Federal Reserve has raised interest
rates and expects to continue to do so in response to inflation.”
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