CERTIFICATION PURSUANT TO RULE 30A-2(B) UNDER THE 1940 ACT AND SECTION 906
                           OF THE SARBANES-OXLEY ACT

I, James M. Dykas, President and Chief Executive Officer of First Trust
Exchange-Traded Fund V (the "Registrant"), certify that:

      1.    The Form N-CSR of the Registrant (the "Report") fully complies with
            the requirements of Section 13(a) or 15(d) of the Securities
            Exchange Act of 1934, as amended; and

      2.    The information contained in the Report fairly presents, in all
            material respects, the financial condition and results of operations
            of the Registrant.

Date:  August 21, 2017                  /s/ James M. Dykas
     -------------------                ----------------------------------------
                                        James M. Dykas, President and
                                        Chief Executive Officer
                                        (principal executive officer)


I, Donald P. Swade, Treasurer, Chief Financial Officer and Chief Accounting
Officer of First Trust Exchange-Traded Fund V (the "Registrant"), certify that:

      1.    The Form N-CSR of the Registrant (the "Report") fully complies with
            the requirements of Section 13(a) or 15(d) of the Securities
            Exchange Act of 1934, as amended; and

      2.    The information contained in the Report fairly presents, in all
            material respects, the financial condition and results of operations
            of the Registrant.

Date:  August 21, 2017                  /s/ Donald P. Swade
     -------------------                ----------------------------------------
                                        Donald P. Swade, Treasurer,
                                        Chief Financial Officer and
                                        Chief Accounting Officer
                                        (principal financial officer)