Correspondence 0001445546-24-004802 from FT 11552 (CIK 0002018426)
FT 11552 (CIK 0002018426)
Date: July 8, 2024 · CIK: 0002018426 · Accession: 0001445546-24-004802
AI Filing Summary & Sentiment
File numbers found in text: 333-279616
Letter
Division of Investment Management 60/40 Strategic Allocation Port. 3Q ‘24 - Term 10/16/25 75/25 Strategic Allocation Port. 3Q ‘24 - Term 10/16/25 (each, a “Trust”) CIK No. 2018426 File No. 333-279616
Dear Mr. Cowan:
We received your comments regarding the Registration Statement for the above captioned Trusts. This letter serves to respond to your comments.
Comments
Portfolio
1.The Staff notes the following disclosure, “While not a part of each Trust's portfolio selection process, each Trust also invests in dividend-paying securities, and through each Trust's investment in the Funds, each Trust has principal risk exposure to foreign securities (including American Depositary Receipts, Global Depositary Receipts and New York Registry Shares). Each Trust's portfolio may include both actively managed ETFs and ETFs that track an index.” The Staff notes this paragraph should focus on the types of investments the Trust will be exposed to, not the principal risk exposure of these investments. Accordingly, please delete the phrase “principal risk” from the above disclosure.
Response:In accordance with the Staff’s comment, “principal risk” will be removed from the above referenced disclosure.
Risk Factors
2.If investment in distressed debt securities is a principal investment for a Trust, please add relevant risk disclosure.
Response:If, based on a Trust’s final portfolio, a Trust has material exposure to distressed debt securities, appropriate risk disclosure will be added to the prospectus.
3.If the Funds held by a Trust invest in subprime residential mortgage loans, please add relevant risk disclosure.
Response:If, based on a Trust’s final portfolio, a Trust has exposure to Funds that invest in subprime residential mortgage loans, appropriate risk disclosure will be added to the 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
July 8, 2024
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 11552
60/40 Strategic Allocation Port. 3Q ‘24 - Term 10/16/25
75/25 Strategic Allocation Port. 3Q ‘24 - Term 10/16/25
(each, a “Trust”)
CIK No. 2018426 File No. 333-279616
Dear Mr. Cowan:
We received your comments
regarding the Registration Statement for the above captioned Trusts. This letter serves to respond to your comments.
Comments
Portfolio
1.The
Staff notes the following disclosure, “While not a part of each Trust's portfolio selection process, each Trust also invests in
dividend-paying securities, and through each Trust's investment in the Funds, each Trust has principal risk exposure to foreign securities
(including American Depositary Receipts, Global Depositary Receipts and New York Registry Shares). Each Trust's portfolio may include
both actively managed ETFs and ETFs that track an index.” The Staff notes this paragraph should focus on the types of investments
the Trust will be exposed to, not the principal risk exposure of these investments. Accordingly, please delete the phrase “principal
risk” from the above disclosure.
Response:In
accordance with the Staff’s comment, “principal risk” will be removed from the above referenced disclosure.
Risk Factors
2.If
investment in distressed debt securities is a principal investment for a Trust, please add relevant risk disclosure.
Response:If,
based on a Trust’s final portfolio, a Trust has material exposure to distressed debt securities, appropriate risk disclosure will
be added to the prospectus.
3.If
the Funds held by a Trust invest in subprime residential mortgage loans, please add relevant risk disclosure.
Response:If,
based on a Trust’s final portfolio, a Trust has exposure to Funds that invest in subprime residential mortgage loans, appropriate
risk disclosure will be added to the 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