<?xml version="1.0" encoding="UTF-8"?>
<edgarSubmission xmlns="http://www.sec.gov/edgar/ncen" xmlns:com="http://www.sec.gov/edgar/common">
  <schemaVersion>X0404</schemaVersion>
  <headerData>
    <submissionType>N-CEN</submissionType>
    <filerInfo>
      <liveTestFlag>LIVE</liveTestFlag>
      <filer>
        <issuerCredentials>
          <cik>0000763749</cik>
          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
        <fileNumber>811-04547</fileNumber>
      </filer>
      <flags>
        <returnCopyFlag>false</returnCopyFlag>
        <overrideInternetFlag>false</overrideInternetFlag>
        <confirmingCopyFlag>false</confirmingCopyFlag>
      </flags>
      <investmentCompanyType>N-1A</investmentCompanyType>
    </filerInfo>
    <seriesClass>
      <reportSeriesClass>
        <rptSeriesClassInfo>
          <seriesId>S000003946</seriesId>
          <classInfo>
            <classId>C000011059</classId>
          </classInfo>
          <classInfo>
            <classId>C000011057</classId>
          </classInfo>
          <classInfo>
            <classId>C000011055</classId>
          </classInfo>
          <classInfo>
            <classId>C000011058</classId>
          </classInfo>
        </rptSeriesClassInfo>
      </reportSeriesClass>
    </seriesClass>
  </headerData>
  <formData>
    <generalInfo reportEndingPeriod="2024-10-31" isReportPeriodLt12="N"/>
    <registrantInfo>
      <registrantFullName>Voyageur Mutual Funds III</registrantFullName>
      <investmentCompFileNo>811-04547</investmentCompFileNo>
      <registrantCik>0000763749</registrantCik>
      <registrantLei>549300VCXECUKWGSGR75</registrantLei>
      <registrantstreet1>100 Independence</registrantstreet1>
      <registrantstreet2>610 Market Street</registrantstreet2>
      <registrantcity>Philadelphia</registrantcity>
      <registrantzipCode>19106</registrantzipCode>
      <registrantstate>US-PA</registrantstate>
      <registrantcountry>US</registrantcountry>
      <registrantphoneNumber>800-523-1918</registrantphoneNumber>
      <websites>
        <website webpage="www.delawarefunds.com"/>
      </websites>
      <locationBooksRecords>
        <locationBooksRecord>
          <officeName>Macquarie Investment Management Global Limited</officeName>
          <officeAddress1>50 Martin Place</officeAddress1>
          <officeCity>Sydney</officeCity>
          <officeCountry>AU</officeCountry>
          <officeRecordsZipCode>2000</officeRecordsZipCode>
          <officePhone>61 2 8232 3333</officePhone>
          <booksRecordsDesc>Records related to its functions as subadvisor</booksRecordsDesc>
        </locationBooksRecord>
        <locationBooksRecord>
          <officeName>Delaware Investments Fund Services Company</officeName>
          <officeAddress1>100 Independence</officeAddress1>
          <officeAddress2>610 Market Street</officeAddress2>
          <officeCity>PHILADELPHIA</officeCity>
          <officeStateCountry officeCountry="US" officeState="US-PA"/>
          <officeRecordsZipCode>19106-2354</officeRecordsZipCode>
          <officePhone>1-800-523-1918</officePhone>
          <booksRecordsDesc>Records related to its functions as transfer agent</booksRecordsDesc>
        </locationBooksRecord>
        <locationBooksRecord>
          <officeName>The Bank of New York Mellon</officeName>
          <officeAddress1>240 Greenwich Street</officeAddress1>
          <officeCity>New York</officeCity>
          <officeStateCountry officeCountry="US" officeState="US-NY"/>
          <officeRecordsZipCode>10286</officeRecordsZipCode>
          <officePhone>212-495-1784</officePhone>
          <booksRecordsDesc>Records related to its functions as custodian</booksRecordsDesc>
        </locationBooksRecord>
        <locationBooksRecord>
          <officeName>BNY Mellon Investment Servicing (US) Inc.</officeName>
          <officeAddress1>500 Ross Street</officeAddress1>
          <officeCity>Pittsburgh</officeCity>
          <officeStateCountry officeCountry="US" officeState="US-PA"/>
          <officeRecordsZipCode>15262</officeRecordsZipCode>
          <officePhone>412-234-5000</officePhone>
          <booksRecordsDesc>Records related to its functions as an administrator and sub transfer agent</booksRecordsDesc>
        </locationBooksRecord>
        <locationBooksRecord>
          <officeName>Macquarie Investment Management Business Trust</officeName>
          <officeAddress1>100 Independence</officeAddress1>
          <officeAddress2>610 Market Street</officeAddress2>
          <officeCity>PHILADELPHIA</officeCity>
          <officeStateCountry officeCountry="US" officeState="US-PA"/>
          <officeRecordsZipCode>19106-2354</officeRecordsZipCode>
          <officePhone>1-800-523-1918</officePhone>
          <booksRecordsDesc>Records related to its functions as investment advisor</booksRecordsDesc>
        </locationBooksRecord>
        <locationBooksRecord>
          <officeName>Delaware Distributors, L.P.</officeName>
          <officeAddress1>100 Independence</officeAddress1>
          <officeAddress2>610 Market Street</officeAddress2>
          <officeCity>Philadelphia</officeCity>
          <officeStateCountry officeCountry="US" officeState="US-PA"/>
          <officeRecordsZipCode>19106-2354</officeRecordsZipCode>
          <officePhone>1-800-523-1918</officePhone>
          <booksRecordsDesc>Records related to its functions as distributor</booksRecordsDesc>
        </locationBooksRecord>
      </locationBooksRecords>
      <isRegistrantFirstFiling>N</isRegistrantFirstFiling>
      <isRegistrantLastFiling>Y</isRegistrantLastFiling>
      <registrantFamilyInvComp isRegistrantFamilyInvComp="Y" familyInvCompFullName="Delaware Funds by Macquarie"/>
      <registrantClassificationType>N-1A</registrantClassificationType>
      <totalSeries>0</totalSeries>
      <terminatedSeries>
        <terminatedSeriesInfo seriesName="Delaware Select Growth Fund" seriesId="S000003946" terminationDate="04/2024"/>
      </terminatedSeries>
      <isSecuritiesActRegistration>Y</isSecuritiesActRegistration>
      <directors>
        <director>
          <directorName>Thomas K. Whitford</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="N/A"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Shawn K. Lytle</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>Y</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="N/A"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Frances A. Sevilla-Sacasa</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="N/A"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Joseph W. Chow</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="N/A"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Christianna Wood</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="N/A"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>John A. Fry</directorName>
          <crdNumber>004939819</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="N/A"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Ann D. Borowiec</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="N/A"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Sandra A.J. Lawrence</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="N/A"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Joseph Harroz, Jr.</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="N/A"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>H. Jeffrey Dobbs</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="N/A"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Jerome D. Abernathy</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="N/A"/>
          </fileNumbers>
        </director>
      </directors>
      <chiefComplianceOfficers>
        <chiefComplianceOfficer>
          <ccoName>Marty Wolin</ccoName>
          <crdNumber>002656323</crdNumber>
          <ccoStreet1>100 INDEPENDENCE</ccoStreet1>
          <ccoStreet2>610 MARKET STREET</ccoStreet2>
          <ccoCity>PHILADELPHIA</ccoCity>
          <ccoStateCountry ccoCountry="US" ccoState="US-PA"/>
          <ccoZipCode>19106</ccoZipCode>
          <ccoPhone>XXXXXX</ccoPhone>
          <isCcoChangedSinceLastFiling>Y</isCcoChangedSinceLastFiling>
          <ccoEmployers>
            <ccoEmployer ccoEmployerName="N/A" ccoEmployerId="N/A"/>
          </ccoEmployers>
        </chiefComplianceOfficer>
      </chiefComplianceOfficers>
      <isRegistrantSubmittedMatter>N</isRegistrantSubmittedMatter>
      <isPreviousLegalProceeding>N</isPreviousLegalProceeding>
      <isPreviousProceedingTerminated>N</isPreviousProceedingTerminated>
      <isClaimFiled>N</isClaimFiled>
      <isCoveredByInsurancePolicy>N</isCoveredByInsurancePolicy>
      <isFinancialSupportDuringPeriod>N</isFinancialSupportDuringPeriod>
      <isExemptionFromAct>N</isExemptionFromAct>
      <principalUnderwriters>
        <principalUnderwriter>
          <principalUnderwriterName>DELAWARE DISTRIBUTORS, L.P.</principalUnderwriterName>
          <principalUnderwriterFileNumber>008-29755</principalUnderwriterFileNumber>
          <principalUnderwriterCrdNumber>000014232</principalUnderwriterCrdNumber>
          <principalUnderwriterLei>N/A</principalUnderwriterLei>
          <principalUnderWriterStateCountry principalUnderWriterCountry="US" principalUnderWriterState="US-PA"/>
          <isPrincipalUnderwriterAffiliatedWithRegistrant>Y</isPrincipalUnderwriterAffiliatedWithRegistrant>
        </principalUnderwriter>
      </principalUnderwriters>
      <isUnderwriterHiredOrTerminated>N</isUnderwriterHiredOrTerminated>
      <publicAccountants>
        <publicAccountant>
          <publicAccountantName>PricewaterhouseCoopers LLP</publicAccountantName>
          <pcaobNumber>238</pcaobNumber>
          <publicAccountantLei>5493002GVO7EO8RNNS37</publicAccountantLei>
          <publicAccountantStateCountry publicAccountantCountry="US" publicAccountantState="US-PA"/>
        </publicAccountant>
      </publicAccountants>
      <isPublicAccountantChanged>N</isPublicAccountantChanged>
      <isMaterialWeakness>N</isMaterialWeakness>
      <isOpinionOffered>N</isOpinionOffered>
      <isMaterialChange>N</isMaterialChange>
      <isAccountingPrincipleChange>N</isAccountingPrincipleChange>
      <isPaymentErrorInNetAssetValue>N</isPaymentErrorInNetAssetValue>
      <isPaymentDividend>N</isPaymentDividend>
    </registrantInfo>
    <attachmentsTab>
      <isLegalProceedings>false</isLegalProceedings>
      <isProvisionFinancialSupport>false</isProvisionFinancialSupport>
      <isIPAReportInternalControl>false</isIPAReportInternalControl>
      <isChangeAccPrinciples>false</isChangeAccPrinciples>
      <isInfoRequiredEO>false</isInfoRequiredEO>
      <isOtherInfoRequired>false</isOtherInfoRequired>
    </attachmentsTab>
    <signature registrantSignedName="Voyageur Mutual Funds III" signedDate="2025-01-08" signature="William Speacht" title="Deputy Chief Compliance Officer"/>
  </formData>
</edgarSubmission>
