Offset of Fees. FTA agrees to reduce the management fees otherwise payable to FTA by the Fund pursuant to the Management Agreement by the portion of the management fees earned by FTA from the Fund for assets invested in other investment companies advised by FTA. The aggregate amount of offset fees shall be accrued daily and paid on a monthly basis for the Fund but calculated on an annualized basis.
Appears in 2 contracts
Samples: Fee Offset Agreement (First Trust Exchange-Traded Fund Vi), Fee Offset Agreement (First Trust Exchange-Traded Fund Vi)
Offset of Fees. FTA agrees to reduce the management fees otherwise payable to FTA by the Fund pursuant to the Management Agreement by the portion of the management acquired fund fees earned by FTA from and expenses of the Fund for assets invested in other shares of investment companies advised by FTAFTA that are held by the Fund. The aggregate amount of offset fees shall be accrued daily and paid on a monthly basis for the Fund but calculated on an annualized basis.
Appears in 1 contract
Samples: Fee Offset Agreement (First Trust Exchange-Traded Fund III)
Offset of Fees. FTA agrees to reduce the management fees otherwise payable to FTA by the each Fund pursuant to the Management Agreement by the portion of the management acquired fund fees earned by FTA from and expenses of the Fund for assets invested in other shares of investment companies advised by FTAFTA that are held by each Fund. The aggregate amount of offset fees shall be accrued daily and paid on a monthly basis for the each Fund but calculated on an annualized basis.
Appears in 1 contract
Samples: Fee Offset Agreement (First Trust Exchange-Traded Fund Viii)
