First Trust Announces Fee Waivers for Certain Fixed Income Funds

WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. (“FTA”) announces that, effective January 1, 2026, for each of the funds listed below (each, a “Fund” and collectively, the “Funds”), it has agreed to waive a portion of its annual unitary management fees in the amounts set forth below. FTA intends to propose to the Board of Trustees of the Funds a corresponding permanent reduction of each Fund’s annual unitary management fees. During any period in which such waivers are in effect, or when the reductions are made permanent, these Funds will not be eligible for any breakpoint discounts described in the Funds’ prospectuses or statements of additional information.

Fund	Waiver Amount	Annual Unitary Management Fee After Waiver^1
First Trust Exchange-Traded Fund III
First Trust California Municipal High Income ETF (FCAL)	0.16%	0.49%
First Trust Managed Municipal ETF (FMB)	0.26%	0.39%
First Trust Municipal High Income ETF (FMHI)	0.21%	0.49%
First Trust New York Municipal High Income ETF (FMNY)	0.16%	0.49%
First Trust Short Duration Managed Municipal ETF (FSMB)	0.21%	0.34%
First Trust Ultra Short Duration Municipal ETF (FUMB)	0.16%	0.29%
First Trust Exchange-Traded Fund IV
First Trust AAA CMBS ETF (CAAA)	0.16%	0.29%
First Trust Enhanced Short Maturity ETF (FTSM)	0.16%	0.29%
First Trust High Income Strategic Focus ETF (HISF)	0.10%	0.10%
First Trust Intermediate Duration Investment Grade Corporate ETF (FIIG)	0.16%	0.49%
First Trust Intermediate Government Opportunities ETF (MGOV)	0.16%	0.49%
First Trust Limited Duration Investment Grade Corporate ETF (FSIG)	0.11%	0.44%
First Trust Long Duration Opportunities ETF (LGOV)	0.16%	0.49%
First Trust Senior Loan Fund (FTSL)	0.16%	0.69%
First Trust Structured Credit Income Opportunities ETF (SCIO)	0.16%	0.69%
First Trust Tactical High Yield ETF (HYLS)	0.26%	0.69%
First Trust Exchange-Traded Fund VIII
First Trust Flexible Municipal High Income ETF (MFLX)	0.26%	0.49%
First Trust Low Duration Strategic Focus ETF (LDSF)	0.10%	0.10%
First Trust Securitized Plus ETF (DEED)	0.10%	0.65%

FTA is a federally registered investment advisor and serves as each Fund’s investment advisor. FTA and its affiliate, First Trust Portfolios L.P. (“FTP”), a FINRA registered broker-dealer, are privately-held companies that provide a variety of investment services. FTA has collective assets under management or supervision of approximately $304 billion as of October 31, 2025 through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and SMAs. FTA is the supervisor of the First Trust unit investment trusts, while FTP is the sponsor. FTP is also a distributor of mutual fund shares and exchange-traded fund creation units. FTA and FTP are based in Wheaton, Illinois.

You should consider a Fund’s investment objective, risks, charges and expenses carefully before investing. You can download a prospectus or contact FTA to request a prospectus, which contains other information about each Fund. Read it carefully before you invest. The risks of investing in a Fund are spelled out in its prospectus, shareholder reports and other regulatory filings.

The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA and the Internal Revenue Code. First Trust has no knowledge of and has not been provided any information regarding any investor. Financial advisors must determine whether particular investments are appropriate for their clients. First Trust believes the financial advisor is a fiduciary, is capable of evaluating investment risks independently and is responsible for exercising independent judgment with respect to its retirement plan clients.

This press release does not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.

This press release contains certain forward-looking statements within the meaning of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended. Forward-looking statements include statements regarding the goals, beliefs, plans or current expectations of FTA and its respective representatives, taking into account the information currently available to them. Forward-looking statements include all statements that do not relate solely to current or historical fact. For example, forward-looking statements include the use of words such as “anticipate,” “estimate,” “intend,” “expect,” “believe,” “plan,” “may,” “should,” “would,” “will” or other words that convey uncertainty of future events or outcomes. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of a Fund to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. When evaluating the information included in this press release, you are cautioned not to place undue reliance on these forward-looking statements, which reflect the judgment of FTA and its respective representatives only as of the date hereof. No obligation will be undertaken to publicly revise or update these forward-looking statements to reflect events and circumstances that arise after the date hereof.

Each Fund’s daily closing price and net asset value per share as well as other information can be found at www.ftportfolios.com.

¹ Each fee waiver applies to FTA’s unitary management fees only, and not to any other Fund expenses such as acquired fund fees or extraordinary expenses.