February 20, 2020
First Trust Exchange-Traded Fund IV
000 Xxxx Xxxxxxx Xxxxx, Xxxxx 000
Xxxxxxx, Xxxxxxxx 00000
Re: Fee Wavier Amendment and Extension Agreement 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.
Notwithstanding anything to the contrary in the Agreement, the Advisor
hereby agrees to waive investment management fees otherwise payable to it by the
Fund in the amount of 0.05% of the Fund's average daily net assets (the "Waived
Amount") and that the Waiver Term shall continue until March 1, 2021. 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
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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
