February 23, 2016
First Trust Exchange-Traded Fund IV
000 Xxxx Xxxxxxx Xxxxx, Xxxxx 000
Xxxxxxx, Xxxxxxxx 00000
Re: Fee Wavier Extension Letter for First Trust Enhanced Short Maturity
ETF (the "Fund"), a series of First Trust Exchange-Traded Fund IV
(the "Trust")
Ladies and Gentlemen:
Reference is hereby made to that certain Fee Waiver Agreement between the
Trust, on behalf of the Fund, and First Trust Advisors L.P., the investment
advisor to the Fund (the "Advisor"), dated as of August 1, 2014 and the Second
Fee Waiver Agreement between the Trust, on behalf of the Fund, and the Advisor,
dated as of October 29, 2014 (collectively, the "Agreement"). Capitalized terms
used herein but not otherwise defined shall have the meanings attributed to them
in the Agreement.
The Advisor hereby agrees to waive investment management fees otherwise
payable to it by the Fund in the total amount of 0.20% of the Fund's average
daily net assets (the "Waived Amount") and that the Waiver Term shall continue
until March 1, 2017. The parties hereby acknowledge that with the exception of
the Waived Amount and the Waiver Term, the Agreement shall remain in full force
and effect.
Very Truly Yours,
FIRST TRUST ADVISORS L.P.
/s/ Xxxxx X. Xxxxx
--------------------------------
Xxxxx X. Xxxxx
Chief Financial Officer
AGREED AND ACKNOWLEDGED:
First Trust Exchange-Traded Fund IV,
on behalf of First Trust Enhanced
Short Maturity ETF
/s/ Xxxxxx X. Xxxxx
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Xxxxxx X. Xxxxx
Treasurer, Chief Financial Officer and
Chief Accounting Officer
