Correspondence 0001445546-23-007040 from FT 11076 (CIK 0001988504)
FT 11076 (CIK 0001988504)
Date: Oct. 23, 2023 · CIK: 0001988504 · Accession: 0001445546-23-007040
AI Filing Summary & Sentiment
File numbers found in text: 333-274640
Letter
Division of Investment Management Re: FT 11076 Limited Duration Fixed Income ETF Portfolio, Series 53 (the “Trust”) CIK No. 1988504 File No. 333-274640
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.The fourth sentence of “Interest Rate Risk” states, “The Federal Reserve has recently raised interest rates and expects to continue to do so in response to inflation.” Please delete "recently" to be consistent with the Market Risk disclosure above, 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.”
2.If funds invest significantly 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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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 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 11076
Limited Duration Fixed Income ETF Portfolio, Series 53
(the “Trust”)
CIK No. 1988504 File No. 333-274640
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.The
fourth sentence of “Interest Rate Risk” states, “The Federal Reserve has recently raised interest rates and expects
to continue to do so in response to inflation.” Please delete "recently" to be consistent with the Market Risk disclosure
above, 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.”
2.If
funds invest significantly 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