Correspondence 0001445546-24-004841 from FT 11603 (CIK 0002020843)
FT 11603 (CIK 0002020843)
Date: July 10, 2024 · CIK: 0002020843 · Accession: 0001445546-24-004841
AI Filing Summary & Sentiment
File numbers found in text: 333-280164
Letter
Division of Investment Management Re: FT 11603 Interest Rate Hedge Portfolio, Series 154 (the “Trust”) CIK No. 2020843 File No. 333-280164
Dear Mr. Cowan:
We received your comment regarding the Registration Statement for the above captioned Trust. This letter serves to respond to your comment.
Comment
Portfolio
1.The Staff notes the following disclosure, “While not a part of the Trust's portfolio selection process, the Trust also invests in common stocks that are issued by foreign companies and in companies with various market capitalizations, and through the Trust's investment in the Funds, the Trust has principal risk exposure to investment grade securities, foreign securities (including American Depositary Receipts, Global Depositary Receipts and New York Registry Shares) and companies with various market capitalizations.” 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.
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 10, 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 11603
Interest Rate Hedge Portfolio, Series 154
(the “Trust”)
CIK No. 2020843 File No. 333-280164
Dear Mr. Cowan:
We received your comment
regarding the Registration Statement for the above captioned Trust. This letter serves to respond to your comment.
Comment
Portfolio
1.The
Staff notes the following disclosure, “While not a part of the Trust's portfolio selection process, the Trust also invests in common
stocks that are issued by foreign companies and in companies with various market capitalizations, and through the Trust's investment in
the Funds, the Trust has principal risk exposure to investment grade securities, foreign securities (including American Depositary Receipts,
Global Depositary Receipts and New York Registry Shares) and companies with various market capitalizations.” 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.
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