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        <name>N SUMTER CNTY FL UTILITY DEPEN</name>
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        <name>MINNESOTA ST HSG FIN AGY</name>
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        <curCd>USD</curCd>
        <valUSD>501027.30000000</valUSD>
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          <maturityDt>2027-02-01</maturityDt>
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      <invstOrSec>
        <name>WINNEBAGO CNTY IL</name>
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          <maturityDt>2025-12-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>COLORADO SPRINGS CO SCH DIST #</name>
        <lei>N/A</lei>
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          <isin value="US19662UAN28"/>
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        <curCd>USD</curCd>
        <valUSD>267812.45000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>MISSION TX ECON DEV CORP SOL W</name>
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          <isin value="US605155BS89"/>
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        <curCd>USD</curCd>
        <valUSD>999683.60000000</valUSD>
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        <debtSec>
          <maturityDt>2040-07-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
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      <invstOrSec>
        <name>NEW HAVEN MI CMNTY SCHS</name>
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          <isin value="US645172JW80"/>
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        <curCd>USD</curCd>
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          <maturityDt>2025-05-01</maturityDt>
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        <name>CALIFORNIA ST HLTH FACS FING A</name>
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          <isin value="US13032UYT95"/>
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          <maturityDt>2054-08-15</maturityDt>
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      <invstOrSec>
        <name>ATLANTA GA ARPT REVENUE</name>
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          <isin value="US04780MD481"/>
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          <maturityDt>2025-07-01</maturityDt>
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        <name>KENTUCKY ST PROPERTY &amp; BLDGS C</name>
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          <isin value="US49151FW718"/>
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          <maturityDt>2025-11-01</maturityDt>
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      <invstOrSec>
        <name>VIRGINIA ST SMALL BUSINESS FIN</name>
        <lei>N/A</lei>
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        <name>OREGON ST</name>
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        <name>MASSACHUSETTS ST DEV FIN AGY R</name>
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        <name>MIAMI-DADE CNTY FL EDUCTNL FAC</name>
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        <name>WINCHESTER MA</name>
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        <name>MARYLAND ST TRANSPRTN AUTH PAS</name>
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        <name>SOUTHEAST ENERGY AUTH COOPERAT</name>
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        <name>CMWLTH FING AUTH PA TOBACCO MA</name>
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        <name>NEW ORLEANS LA AVIATION BRD</name>
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      <invstOrSec>
        <name>FLORIDA ST MUNI PWR AGY</name>
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      <invstOrSec>
        <name>MAIN STREET NATURAL GAS INC GA</name>
        <lei>549300NY5M0QVZ6X4U26</lei>
        <title>Main Street Natural Gas Inc</title>
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          <isin value="US56035DJA19"/>
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        <curCd>USD</curCd>
        <valUSD>780205.60000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>NEW MEXICO FIN AUTH REVENUE</name>
        <lei>549300L6217Y7X40SP94</lei>
        <title>New Mexico Finance Authority</title>
        <cusip>64711PPV6</cusip>
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          <isin value="US64711PPV66"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>VIRGINIA HSG DEV AUTH</name>
        <lei>549300LW3QBOVLQBP895</lei>
        <title>Virginia Housing Development Authority</title>
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          <isin value="US92812XFJ63"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1497242.40000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-07-01</maturityDt>
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          <annualizedRt>3.62500000</annualizedRt>
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      <invstOrSec>
        <name>TENDER OPTION BOND TRUST RECEI</name>
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        <title>Tender Option Bond Trust Receipts/Certificates</title>
        <cusip>88035EZC0</cusip>
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          <isin value="US88035EZC01"/>
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        <valUSD>1500000.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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        <name>MISSOURI ST HLTH &amp; EDUCTNL FAC</name>
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          <isin value="US60635H3R85"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-02-01</maturityDt>
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        <name>HARRIS CNTY TX TOLL ROAD REVEN</name>
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        <title>County of Harris TX Toll Road Revenue</title>
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          <isin value="US41423PCR64"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SCHAUMBURG IL</name>
        <lei>N/A</lei>
        <title>Village of Schaumburg IL</title>
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          <isin value="US806347PS37"/>
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        <balance>870000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>877047.87000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PHOENIX AZ CIVIC IMPT CORP ARP</name>
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        <title>City of Phoenix Civic Improvement Corp</title>
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          <isin value="US71883MNE02"/>
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        <curCd>USD</curCd>
        <valUSD>1413051.10000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>LOUISIANA ST PUBLIC FACS AUTHS</name>
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        <title>Louisiana Public Facilities Authority</title>
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        <name>SOUTHEAST ENERGY AUTH COOPERAT</name>
        <lei>25490090A3RLJHITY273</lei>
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          <maturityDt>2026-07-01</maturityDt>
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        <name>PLANO TX INDEP SCH DIST</name>
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        <title>Plano Independent School District</title>
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          <isin value="US727199D730"/>
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          <maturityDt>2026-02-15</maturityDt>
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        <name>NORTH CAROLINA ST UNIV AT RALE</name>
        <lei>N/A</lei>
        <title>North Carolina State University at Raleigh</title>
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        <name>LAKEWOOD RANCH FL STEWARDSHIP</name>
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        <name>MIAMI-DADE CNTY FL INDL DEV AU</name>
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        <title>Miami-Dade County Industrial Development Authority</title>
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          <isin value="US59333GAM06"/>
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        <name>NORTH CAROLINA ST TURNPIKE AUT</name>
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        <title>North Carolina Turnpike Authority</title>
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        <name>CUMBERLAND CNTY NC INDL FACS &amp;</name>
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          <isin value="US230589AA18"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-12-01</maturityDt>
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      <invstOrSec>
        <name>MIAMI-DADE CNTY FL HSG FIN AUT</name>
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      <invstOrSec>
        <name>HARRIS CNTY-HOUSTON TX SPORTS</name>
        <lei>N/A</lei>
        <title>Harris County-Houston Sports Authority</title>
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          <isin value="US413890GP37"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>SOUTHEAST ENERGY AUTH COOPERAT</name>
        <lei>25490090A3RLJHITY273</lei>
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          <isin value="US84136HBE27"/>
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        <valUSD>507753.10000000</valUSD>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>CHASKA MN ECON DEV AUTH LEASE</name>
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        <title>Chaska Economic Development Authority</title>
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          <isin value="US16166NFF78"/>
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        <curCd>USD</curCd>
        <valUSD>733942.51000000</valUSD>
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        <debtSec>
          <maturityDt>2026-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of New Brunswick NJ</name>
        <lei>N/A</lei>
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          <isin value="US642815V925"/>
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        <curCd>USD</curCd>
        <valUSD>1522882.35000000</valUSD>
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          <maturityDt>2026-04-28</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>DALLAS TX AREA RAPID TRANSIT S</name>
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        <title>Dallas Area Rapid Transit</title>
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          <isin value="US235241SY35"/>
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        <curCd>USD</curCd>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>DU PAGE CNTY IL FOREST PRESERV</name>
        <lei>N/A</lei>
        <title>DuPage County Forest Preserve District</title>
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          <isin value="US262651VG47"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PLAINFIELD IL WTR &amp; SWR SYS RE</name>
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          <isin value="US726273CX17"/>
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        <curCd>USD</curCd>
        <valUSD>715000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>MAIN STREET NATURAL GAS INC GA</name>
        <lei>549300NY5M0QVZ6X4U26</lei>
        <title>Main Street Natural Gas Inc</title>
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          <isin value="US56035DEG34"/>
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        <curCd>USD</curCd>
        <valUSD>550375.43000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>WAYNE CNTY MI ARPT AUTH REVENU</name>
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        <title>Wayne County Airport Authority</title>
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          <isin value="US944514WM63"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>COLORADO ST HLTH FACS AUTH REV</name>
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        <title>Colorado Health Facilities Authority</title>
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          <isin value="US19648FVN13"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2062-05-15</maturityDt>
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        <name>MIAMI-DADE CNTY FL SCH BRD COP</name>
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        <title>School Board of Miami-Dade County/The</title>
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        <name>GTR ORLANDO FL AVIATION AUTH A</name>
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          <isin value="US3922743T17"/>
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        <name>DU PAGE &amp; WILL CNTYS IL CMNTYS</name>
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        <name>WASHINGTON TWP NJ GLOUCESTER C</name>
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        <name>KENTUCKY ST PUBLIC ENERGY AUTH</name>
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        <title>Kentucky Public Energy Authority</title>
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          <isin value="US74440DEM20"/>
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        <name>MINNESOTA ST HSG FIN AGY</name>
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        <title>Minnesota Housing Finance Agency</title>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>TRAVIS CNTY TX HSG FIN CORP MF</name>
        <lei>N/A</lei>
        <title>Travis County Housing Finance Corp</title>
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        <name>CYPRESS-FAIRBANKS TX INDEP SCH</name>
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      <invstOrSec>
        <name>ROCHESTER NY</name>
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          <isin value="US771694RA63"/>
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          <maturityDt>2025-07-31</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>TENDER OPTION BOND TRUST RECEI</name>
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        <title>Tender Option Bond Trust Receipts/Certificates</title>
        <cusip>88035FW71</cusip>
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          <isin value="US88035FW715"/>
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        <curCd>USD</curCd>
        <valUSD>2000000.00000000</valUSD>
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        <debtSec>
          <maturityDt>2026-10-01</maturityDt>
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          <annualizedRt>2.72000000</annualizedRt>
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        <name>CHICAGO IL MIDWAY ARPT REVENUE</name>
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        <title>Chicago Midway International Airport</title>
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          <isin value="US167562TP23"/>
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        <curCd>USD</curCd>
        <valUSD>505094.75000000</valUSD>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2026-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>DALLAS-FORT WORTH TX INTERNATI</name>
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          <isin value="US23503CCK18"/>
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        <curCd>USD</curCd>
        <valUSD>504216.20000000</valUSD>
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        <debtSec>
          <maturityDt>2025-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>LAKELAND FL ENERGY SYS REVENUE</name>
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          <isin value="US51166FDW68"/>
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        <curCd>USD</curCd>
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          <maturityDt>2025-10-01</maturityDt>
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        <name>HOMER NY CENTRL SCH DIST</name>
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          <isin value="US437560GJ82"/>
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        <valUSD>1001425.80000000</valUSD>
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        <debtSec>
          <maturityDt>2025-06-27</maturityDt>
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          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>PHOENIX AZ CIVIC IMPT CORP ARP</name>
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        <title>City of Phoenix Civic Improvement Corp</title>
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          <isin value="US71883MQH06"/>
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        <curCd>USD</curCd>
        <valUSD>501081.95000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>ORANGEBURG CNTY SCH DIST</name>
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        <title>Orangeburg County School District</title>
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        <name>GREENVILLE CNTY SC SCH DIST IN</name>
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          <maturityDt>2025-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>IOWA ST FIN AUTH SOL WST FACS</name>
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          <isin value="US46246YAB83"/>
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        <debtSec>
          <maturityDt>2042-01-01</maturityDt>
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        <name>RACINE WI</name>
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          <maturityDt>2027-03-15</maturityDt>
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          <annualizedRt>4.50000000</annualizedRt>
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        <name>MISSOURI JT MUNI ELEC UTILITY</name>
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        <title>Missouri Joint Municipal Electric Utility Commission</title>
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          <isin value="US606092PN82"/>
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          <maturityDt>2026-01-01</maturityDt>
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        <name>ALLEN CNTY OH HOSP FACS REVENU</name>
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          <isin value="US01757LFR24"/>
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        <name>RICHARDSON TX</name>
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      <invstOrSec>
        <name>TEXAS ST MUNI GAS ACQUISITION</name>
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          <isin value="US88256RAA41"/>
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          <maturityDt>2026-01-01</maturityDt>
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      <invstOrSec>
        <name>JOHNSON CNTY KS PUBLIC BLDG CO</name>
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          <isin value="US478497E224"/>
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          <maturityDt>2025-09-01</maturityDt>
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          <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>MASSACHUSETTS ST CLG BLDG AUTH</name>
        <lei>N/A</lei>
        <title>Massachusetts State College Building Authority</title>
        <cusip>575831BS0</cusip>
        <identifiers>
          <isin value="US575831BS03"/>
        </identifiers>
        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2000000.00000000</valUSD>
        <pctVal>1.012546731482</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-05-01</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>ILLINOIS ST FIN AUTH REVENUE</name>
        <lei>549300ZG6UBPNNNRN315</lei>
        <title>Illinois Finance Authority</title>
        <cusip>45204EES3</cusip>
        <identifiers>
          <isin value="US45204EES37"/>
        </identifiers>
        <balance>1250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1267157.25000000</valUSD>
        <pctVal>0.641527965881</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-02-15</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>
