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        <name>FONTANA CA SPL TAX</name>
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        <name>SAN LUIS OBISPO CNTY CA FING A</name>
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        <name>RIVERSIDE CA UNIF SCH DIST</name>
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        <name>CALIFORNIA ST MUNI FIN AUTH SP</name>
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        <name>CALIFORNIA SCH FIN AUTH SCH FA</name>
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        <name>PUB FIN AUTH WI TAX INCREMENT</name>
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        <name>WILDOMAR CA SPL TAX</name>
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        <name>CALIFORNIA SCH FIN AUTH SCH FA</name>
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        <name>SAN DIEGO CNTY CA SPL TAX</name>
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        <name>STAMFORD CT HSG AUTH</name>
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        <name>CALIFORNIA ST MUNI FIN AUTH MF</name>
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          <isin value="US130483KF69"/>
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        <name>ONTARIO CA CMNTY FACS DIST #40</name>
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        <name>CALIFORNIA ST MUNI FIN AUTH SO</name>
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        <name>OAKDALE CA JT UNIF SCH DIST</name>
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        <name>MENIFEE CA SPL TAX</name>
        <lei>N/A</lei>
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        <name>GUAM PWR AUTH REVENUE</name>
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        <name>LAKE ELSINORE CA UNIF SCH DIST</name>
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        <name>ROSEVILLE CA SPL TAX</name>
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        <name>CALIFORNIA STWD CMNTYS DEV AUT</name>
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        <name>LONG BEACH CA MARINA REVENUE</name>
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        <name>CALIFORNIA ST ENTERPRISE DEV A</name>
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        <name>RIPON CA REDEV AGY SUCCESSOR A</name>
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        <name>CALIFORNIA STWD CMNTYS DEV AUT</name>
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        <name>CALIFORNIA ST MUNI FIN AUTH RE</name>
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        <name>MARINA CA REDEV AGY SUCCESSOR</name>
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        <name>CALIFORNIA ST HLTH FACS FING A</name>
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        <name>GOLDEN ST TOBACCO SECURITIZATI</name>
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        <name>CALIFORNIA SCH FIN AUTH SCH FA</name>
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        <name>ONTARIO CA CMNTY FACS DIST #40</name>
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        <name>CALIFORNIA ST HLTH FACS FING A</name>
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        <name>RHODINE ROAD NORTH CDD FL SPL</name>
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        <name>ROSEVILLE CA SPL TAX</name>
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        <name>CALIFORNIA SCH FIN AUTH SCH FA</name>
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        <name>CALIFORNIA SCH FIN AUTH SCH FA</name>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INDIO CA ELEC FING AUTH ELEC R</name>
        <lei>N/A</lei>
        <title>Indio Electric Financing Authority</title>
        <cusip>455701AR3</cusip>
        <identifiers>
          <isin value="US455701AR31"/>
        </identifiers>
        <balance>575000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>647527.86000000</valUSD>
        <pctVal>0.314988962398</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GUAM GOVT BUSINESS PRIVILEGE T</name>
        <lei>N/A</lei>
        <title>Territory of Guam</title>
        <cusip>40065NCX3</cusip>
        <identifiers>
          <isin value="US40065NCX30"/>
        </identifiers>
        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>546374.55000000</valUSD>
        <pctVal>0.265783085511</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-03-25</ncom:dateSigned>
      <ncom:nameOfApplicant>First Trust Exchange-Traded Fund III</ncom:nameOfApplicant>
      <ncom:signature>Derek Maltbie</ncom:signature>
      <ncom:signerName>Derek Maltbie</ncom:signerName>
      <ncom:title>Treasurer, Chief Financial Officer and Chief Accounting Officer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
