February 23, 2015
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 (the
"Agreement"). Capitalized terms used herein but not otherwise defined shall have
the meanings attributed to them in the Agreement.
The Advisor xxxxxx agrees to waive investment management fees otherwise
payable to it by the Fund in the amount of 0.20% of the Fund's average daily net
assets (the "Waived Amount") and that the Waiver Term shall continue until March
2, 2016. 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/ Xxxx X. Xxxxxxx
---------------------------------
Xxxx X. Xxxxxxx
Chief Financial Officer and Chief
Operating Officer
AGREED AND ACKNOWLEDGED:
First Trust Exchange-Traded Fund IV,
on behalf of First Trust Enhanced
Short Maturity ETF
/s/ Xxxxx X. Xxxxx
---------------------------------
Xxxxx X. Xxxxx
Treasurer, Chief Financial Officer and
Chief Accounting Officer
