497 1 etf5_497.txt INTERACTIVE DATA CHAPMAN AND CUTLER LLP 111 WEST MONROE STREET CHICAGO, ILLINOIS 60603 July 9, 2019 Securities and Exchange Commission 100 F Street, N.E. Washington, DC 20549 Re: First Trust Exchange-Traded Fund V (Registration Nos. 333-181507 and 811-22709) ------------------------------------------------- Ladies and Gentlemen: On behalf of First Trust Exchange-Traded Fund V (the "Registrant"), we are transmitting for electronic filing pursuant to Rule 497(c) under the Securities Act of 1933, as amended, the exhibits containing interactive data format risk/return summary information that mirrors the risk/return summary information in the supplement to the prospectus and statement of additional information for the Registrant filed pursuant to Rule 497(c) on July 8, 2019. The Registration Statement relates to First Trust Managed Futures Strategy Fund, a series of the Registrant. If you have any questions or comments, please telephone the undersigned at (312) 845-3484. Very truly yours, CHAPMAN AND CUTLER LLP By: /s/ Morrison C. Warren ------------------------------- Morrison C. Warren Enclosures