v3.25.2
Shareholder Report
 6 Months Ended
Jun. 30, 2025
USD ($)
Holding
Shareholder Report [Line Items]  
Document Type N-CSRS
Amendment Flag false
Registrant Name First Trust Exchange-Traded Fund V
Entity Central Index Key 0001549548
Entity Investment Company Type N-1A
Document Period End Date Jun. 30, 2025
C000116776 [Member]  
Shareholder Report [Line Items]  
Fund Name First Trust Managed Futures Strategy Fund
Class Name First Trust Managed Futures Strategy Fund
Trading Symbol FMF
Security Exchange Name NYSEArca
Annual or Semi-Annual Statement [Text Block] This semi-annual shareholder report contains important information about the First Trust Managed Futures Strategy Fund (the “Fund”) for the period of January 1, 2025 to June 30, 2025.
Shareholder Report Annual or Semi-Annual semi-annual shareholder report
Additional Information [Text Block] You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/FMF. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.
Additional Information Phone Number 1-800-621-1675
Additional Information Email info@ftportfolios.com
Additional Information Website www.ftportfolios.com/fund-documents/etf/FMF.
Expenses [Text Block]
WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS?
(Based on a hypothetical $10,000 investment)
Fund Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
First Trust Managed Futures Strategy Fund $46 0.95%(1)
​(1)
Annualized.
Expenses Paid, Amount $ 46
Expense Ratio, Percent 0.95% [1]
Net Assets $ 158,700,248
Holdings Count | Holding 70
Investment Company Portfolio Turnover 9.00%
Additional Fund Statistics [Text Block]
KEY FUND STATISTICS (As of June 30, 2025)
Fund net assets $158,700,248
Total number of portfolio holdings 70
Portfolio turnover rate 9%
Holdings [Text Block]
WHAT DID THE FUND INVEST IN? (As of June 30, 2025)
The tables below show the investment makeup of the Fund, representing the percentage of net assets and percentage of total exposure of the Fund, respectively.
Fund Allocation
U.S. Government Bonds and Notes 43.8%
U.S. Treasury Bills 23.9%
Money Market Funds 26.5%
Net Other Assets and Liabilities(1) 5.8%
Total 100.0%
FUTURES EXPOSURE (2)
Graphical Representation - Allocation 2 Chart
(1) Includes variation margin on futures contracts.
(2) Futures exposure is calculated on the notional value as a percentage of total notional exposure.
[1] Annualized.