0001145549-22-015279.txt : 20220310 0001145549-22-015279.hdr.sgml : 20220310 20220310155611 ACCESSION NUMBER: 0001145549-22-015279 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20211231 FILED AS OF DATE: 20220310 DATE AS OF CHANGE: 20220310 EFFECTIVENESS DATE: 20220310 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIRST TRUST EXCHANGE-TRADED FUND V CENTRAL INDEX KEY: 0001549548 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FILING VALUES: FORM TYPE: N-CEN SEC ACT: 1940 Act SEC FILE NUMBER: 811-22709 FILM NUMBER: 22728966 BUSINESS ADDRESS: STREET 1: 120 EAST LIBERTY DRIVE, SUITE 400 CITY: WHEATON STATE: IL ZIP: 60187 BUSINESS PHONE: 630-765-8000 MAIL ADDRESS: STREET 1: 120 EAST LIBERTY DRIVE, SUITE 400 CITY: WHEATON STATE: IL ZIP: 60187 0001549548 S000037848 First Trust Managed Futures Strategy Fund C000116776 First Trust Managed Futures Strategy Fund FMF N-CEN 1 primary_doc.xml X0404 N-CEN LIVE 0001549548 XXXXXXXX false false false N-1A true First Trust Exchange-Traded Fund V 811-22709 0001549548 549300C7HYPTMZNS6B06 120 East Liberty Drive, Suite 400 Wheaton 60187 US-IL US 6307658000 First Trust Advisors L.P. 120 East Liberty Drive, Suite 400 Wheaton 60187 6307658000 Records related to the registrant and investment advisor Brown Brothers Harriman & Co. 50 Post Office Square Boston 02110 6177721818 Fund Accounting, Custody and Transfer Agent records and certain Administration records N N N-1A 1 Y Richard E. Erickson N/A N Thomas R. Kadlec 001721772 N Robert F. Keith N/A N Niel B. Nielson N/A N James A. Bowen 001123316 Y Denise M. Keefe N/A N Kristi A. Maher N/A 120 East Liberty Drive, Suite 400 Wheaton 60187 XXXXXX N N N N N N FIRST TRUST PORTFOLIOS L.P. 8-43843 000028519 54930062T84Z5CXY1C58 Y N DELOITTE & TOUCHE LLP 00034 549300FJV7IV1ZHGAV28 N N N N N N N First Trust Managed Futures Strategy Fund S000037848 549300C7HYPTMZNS6B06 N 0 0 0 Exchange-Traded Fund N Y N Brown Brothers Harriman & Co. 5493006KMX1VFTPYPW14 N N N/A N/A N/A Rule 12d1-1 (17 CFR 270.12d1-1) Rule 32a-4 (17 CFR 270.32a-4) Rule 6c-11 (17 CFR 270.6c-11) N N N N FIRST TRUST ADVISORS L.P. 801-39950 000107027 549300381GGS7S5JQ115 N Brown Brothers Harriman & Co. 84-06072 5493006KMX1VFTPYPW14 N N N Bloomberg L.P. 549300B56MD0ZC402L06 N ICE Data Pricing & Reference Data, LLC 5493000NQ9LYLDBCTL34 N Refinitiv, LLC 549300WQWDPFSMQ8I087 N N Brown Brothers Harriman & Co. 5493006KMX1VFTPYPW14 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N Brown Brothers Harriman & Co. 5493006KMX1VFTPYPW14 N N N Brown Brothers Harriman & Co. 5493006KMX1VFTPYPW14 N N N FIRST TRUST PORTFOLIOS L.P. 8-43843 000028519 54930062T84Z5CXY1C58 0.0 0.000000000000 BROWN BROTHERS HARRIMAN AND CO. 008-69731 000282732 5493006KMX1VFTPYPW14 9656743.340000000000 9656743.340000000000 N 56708396.320000000000 N N First Trust Managed Futures Strategy Fund S000037848 N 50000.000000000000 100.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 N/A 250.000000000000 0.050000000000 N/A 250.000000000000 0.050000000000 N/A N/A N/A N/A N/A N/A N true INTERNAL CONTROL RPT 2 ncenetfv.htm ETF V INTERNAL CONTROL REPORT PDFtoHTML Conversion Output

 
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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Shareholders and Board of Trustees of First Trust Exchange-Traded Fund V:

In planning and performing our audit of the financial statements of First Trust Exchange-Traded Fund V (the "Trust"), including the First Trust Managed Futures Strategy Fund, as of and for the year ended December 31, 2021, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), we considered the Trust's internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Trust's internal control over financial reporting. Accordingly, we express no such opinion.

The management of the Trust is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A fund's internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A fund's internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the fund; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the fund are being made only in accordance with authorizations of management and directors of the fund; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of a fund's assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the fund's annual or interim financial statements will not be prevented or detected on a timely basis.

Our consideration of the Trust's internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be material weaknesses under standards established by the PCAOB. However, we noted no deficiencies in the Trust's internal control over financial reporting and its operation, including controls for safeguarding securities that we consider to be a material weakness, as defined above, as of December 31, 2021.

This report is intended solely for the information and use of management and the Board of Trustees of the Trust and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.

/s/ Deloitte & Touche LLP
Chicago, Illinois
February 23, 2022