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        <name>CALIFORNIA ST HLTH FACS FING A</name>
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        <name>CALIFORNIA ST ENTERPRISE DEV A</name>
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        <title>California Enterprise Development Authority</title>
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          <isin value="US13067VBR42"/>
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        <name>CALIFORNIA ST MUNI FIN AUTH RE</name>
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        <title>California Municipal Finance Authority</title>
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          <isin value="US13048VU636"/>
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        <title>California Statewide Communities Development Authority</title>
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        <name>University of California</name>
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        <name>LAKE ELSINORE CA UNIF SCH DIST</name>
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        <name>SAN DIEGO CA PUBLIC FACS FING</name>
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        <name>CALIFORNIA SCH FIN AUTH SCH FA</name>
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        <name>IRVINE CA SPL TAX</name>
        <lei>549300PJ9FL2XGFR8J79</lei>
        <title>City of Irvine CA</title>
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        <name>MAMMOTH LAKES CA COPS</name>
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        <name>CALIFORNIA ST MUNI FIN AUTH RE</name>
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          <isin value="US13048T6D04"/>
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        <name>CALIFORNIA ST EDUCTNL FACS AUT</name>
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          <isin value="US130179TY09"/>
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        <name>INDIO CA ELEC FING AUTH ELEC R</name>
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          <isin value="US455701AR31"/>
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        <name>Modesto High School District</name>
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        <name>CALIFORNIA ST POLL CONTROL FIN</name>
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        <name>FONTANA CA SPL TAX</name>
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        <name>SAN DIEGO CNTY CA REGL ARPT AU</name>
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        <name>CALIFORNIA ST HLTH FACS FING A</name>
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        <name>FOLSOM RANCH CA FING AUTH SPL</name>
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        <name>CALIFORNIA CMNTY CHOICE FING A</name>
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        <name>SAN DIEGO CNTY CA SPL TAX</name>
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        <name>CALIFORNIA ST HLTH FACS FING A</name>
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        <name>MENIFEE CA SPL TAX</name>
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        <name>CALIFORNIA SCH FIN AUTH SCH FA</name>
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          <isin value="US13059TJL44"/>
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        <name>SAN DIEGO CNTY CA LIMITED REVE</name>
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        <name>RIVERSIDE CA UNIF SCH DIST</name>
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        <name>MOUNTAIN HOUSE CMNTY FACS DIST</name>
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        <name>WESTERN PLACER WST MGMT AUTH C</name>
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        <name>SAN DIEGO CNTY CA REGL ARPT AU</name>
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        <name>RIVERSIDE CA UNIF SCH DIST</name>
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        <name>SAN DIEGO CA UNIF SCH DIST</name>
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        <name>CLOVIS CA UNIF SCH DIST COPS</name>
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        <name>CALIFORNIA CNTY CA TOBACCO SEC</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FONTANA CA UNIF SCH DIST</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-02-01</maturityDt>
          <couponKind>None</couponKind>
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          <isin value="US13048T5N94"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-11-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
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        <title>California Municipal Finance Authority</title>
        <cusip>13051AGB8</cusip>
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          <isin value="US13051AGB89"/>
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        <balance>550000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>576358.42000000</valUSD>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2053-09-01</maturityDt>
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          <annualizedRt>5.75000000</annualizedRt>
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      <invstOrSec>
        <name>MADERA CA UNIF SCH DIST COPS</name>
        <lei>N/A</lei>
        <title>Madera Unified School District</title>
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          <isin value="US556454CZ74"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1071104.80000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>SAN LUIS OBISPO PUBLIC FING AU</name>
        <lei>N/A</lei>
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          <isin value="US798641CP94"/>
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        <curCd>USD</curCd>
        <valUSD>1063442.80000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UNIV OF CALIFORNIA CA RGTS MED</name>
        <lei>N/A</lei>
        <title>Regents of the University of California Medical Center Pooled Revenue</title>
        <cusip>913366KA7</cusip>
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          <isin value="US913366KA73"/>
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        <curCd>USD</curCd>
        <valUSD>2500000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-05-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.75000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA ST STWD CMNTYS DEVA</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California Statewide Communities Development Authority</title>
        <cusip>13078RGH7</cusip>
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          <isin value="US13078RGH75"/>
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        <balance>280000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>281868.19000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA STWD CMNTYS DEV AUT</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California Statewide Communities Development Authority</title>
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          <isin value="US13080SMF82"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>253091.18000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>CALIFORNIA ST</name>
        <lei>N/A</lei>
        <title>State of California</title>
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          <isin value="US13063D3L00"/>
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        <balance>95000.00000000</balance>
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        <valUSD>96077.69000000</valUSD>
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        <invCountry>US</invCountry>
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          <maturityDt>2035-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>LOS ANGELES CA DEPT OF ARPTS A</name>
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        <title>City of Los Angeles Department of Airports</title>
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        <valUSD>629445.39000000</valUSD>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>LOS ANGELES CNTY CA DEV AUTH M</name>
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          <maturityDt>2046-12-01</maturityDt>
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        <name>SAN DIEGO CA PUBLIC FACS FING</name>
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        <title>San Diego Public Facilities Financing Authority</title>
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          <isin value="US79730AKX53"/>
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        <name>LONG BEACH CA ARPT REVENUE</name>
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        <name>RIVER ISLANDS CA PUBLIC FING A</name>
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        <name>CLOVIS CA UNIF SCH DIST COPS</name>
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        <name>CALIFORNIA CMNTY CHOICE FING A</name>
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        <title>California Community Choice Financing Authority</title>
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        <invCountry>US</invCountry>
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        <name>BURBANK GLENDALE PASADENA CA A</name>
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          <isin value="US13013JBL98"/>
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          <isin value="US130493CH08"/>
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          <isin value="US130486AH66"/>
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        <name>CALIFORNIA ST INFRASTRUCTURE &amp;</name>
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      <invstOrSec>
        <name>IRVINE RANCH CA WTR DIST</name>
        <lei>2ZRS7W19IBMY48SFBI68</lei>
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        <name>CALIFORNIA STWD CMNTYS DEV AUT</name>
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        <title>California Statewide Communities Development Authority</title>
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          <isin value="US13080SXZ28"/>
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        <curCd>USD</curCd>
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      <invstOrSec>
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      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH SO</name>
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        <title>California Municipal Finance Authority</title>
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          <isin value="US13048RAF47"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-12-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.70000000</annualizedRt>
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        <name>CALIFORNIA ST MUNI FIN AUTH RE</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California Municipal Finance Authority</title>
        <cusip>13048T4F7</cusip>
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          <isin value="US13048T4F79"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>204218.04000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH RE</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California Municipal Finance Authority</title>
        <cusip>13048TF99</cusip>
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          <isin value="US13048TF995"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>CALIFORNIA ST ENTERPRISE DEV A</name>
        <lei>549300544P6FSHU1HB46</lei>
        <title>California Enterprise Development Authority</title>
        <cusip>13069BBC9</cusip>
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          <isin value="US13069BBC90"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MENIFEE CA SPL TAX</name>
        <lei>N/A</lei>
        <title>City of Menifee CA</title>
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          <isin value="US58680WDH43"/>
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        <curCd>USD</curCd>
        <valUSD>610930.56000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH MO</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California Municipal Finance Authority</title>
        <cusip>13049SGB4</cusip>
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          <isin value="US13049SGB43"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-08-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>CALIFORNIA STWD CMNTYS DEV AUT</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California Statewide Communities Development Authority</title>
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          <isin value="US13080SYC24"/>
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          <maturityDt>2037-03-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>CSCDA CMNTY IMPT AUTH CA ESSEN</name>
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          <isin value="US126292AP68"/>
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          <maturityDt>2056-07-01</maturityDt>
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        <name>CALIFORNIA ST MUNI FIN AUTH MO</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California Municipal Finance Authority</title>
        <cusip>13049SEQ3</cusip>
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          <isin value="US13049SEQ30"/>
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          <maturityDt>2041-08-15</maturityDt>
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        <name>FONTANA CA SPL TAX</name>
        <lei>N/A</lei>
        <title>City of Fontana CA</title>
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          <isin value="US344630P517"/>
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        <name>SAN FRANCISCO CALIF CITY &amp;CNTY</name>
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        <cusip>79766DMB2</cusip>
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          <isin value="US79766DMB28"/>
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        <name>RANCHO CORDOVA CA CMNTY FACS D</name>
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        <title>City of Rancho Cordova CA</title>
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        <name>SAN JOAQUIN HILLS CA TRANSPRTN</name>
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          <isin value="US798111DD98"/>
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        <name>ROSEVILLE CA SPL TAX</name>
        <lei>549300OH100KESVPND17</lei>
        <title>City of Roseville CA</title>
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        <invCountry>US</invCountry>
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          <maturityDt>2044-09-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SANTA ANA CA PUBLIC FING AUTH</name>
        <lei>N/A</lei>
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          <isin value="US801144AU02"/>
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        <name>CALIFORNIA SCH FIN AUTH SCH FA</name>
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        <name>GUAM PWR AUTH REVENUE</name>
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        <name>RIVER ISLANDS CA PUBLIC FING A</name>
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        <name>CALIFORNIA ST SCH FIN AUTH EDU</name>
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        <name>CALIFORNIA ST ENTERPRISE DEV A</name>
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        <name>FRESNO CA JT PWRS FING AUTH LE</name>
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        <name>SANTA CLARA VLY CA WTR DIST SA</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>SAINT JAMES PARISH LA REVENUE</name>
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        <name>CALIFORNIA ST SCH FIN AUTH CHR</name>
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        <name>CALIFORNIA ST SCH FIN AUTH CHR</name>
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        <name>SAN FRANCISCO CA CITY &amp; CNTY P</name>
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        <name>CALIFORNIA ST</name>
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        <name>CALIFORNIA ST STWD CMNTYS DEVA</name>
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        <name>CALIFORNIA ST SCH FIN AUTH CHR</name>
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        <name>CALIFORNIA SCH FIN AUTH SCH FA</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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          <maturityDt>2043-07-01</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>
      <invstOrSec>
        <name>ROMOLAND CA SCH DIST SPL TAX</name>
        <lei>N/A</lei>
        <title>Romoland School District</title>
        <cusip>776192VM5</cusip>
        <identifiers>
          <isin value="US776192VM51"/>
        </identifiers>
        <balance>400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>408669.12000000</valUSD>
        <pctVal>0.145122534865</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-09-01</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>
      <invstOrSec>
        <name>TURLOCK CA PUBLIC FING AUTH LE</name>
        <lei>N/A</lei>
        <title>Turlock Public Financing Authority</title>
        <cusip>900205AQ8</cusip>
        <identifiers>
          <isin value="US900205AQ87"/>
        </identifiers>
        <balance>2500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2593684.00000000</valUSD>
        <pctVal>0.921043402346</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-04-01</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>2025-06-24</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>
  <documents>XXXX</documents>
</edgarSubmission>
