# EDGAR Filing Document

**Accession Number:** 0001424212
**File Stem:** 0000940400-25-002869
**Filing Date:** 2025-9
**Character Count:** 53406
**Document Hash:** 2b7c653751a2819cd328f640774783e5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-002869.hdr.sgml**: 20250926

**ACCESSION NUMBER**: 0000940400-25-002869

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250926

**DATE AS OF CHANGE**: 20250926

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIRST TRUST EXCHANGE-TRADED FUND III
- **CENTRAL INDEX KEY:** 0001424212

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22245
- **FILM NUMBER:** 251348985

**BUSINESS ADDRESS:**
- **STREET 1:** 120 EAST LIBERTY DRIVE
- **STREET 2:** SUITE 400
- **CITY:** WHEATON
- **STATE:** IL
- **ZIP:** 60187
- **BUSINESS PHONE:** 630-765-8000

**MAIL ADDRESS:**
- **STREET 1:** 120 EAST LIBERTY DRIVE
- **STREET 2:** SUITE 400
- **CITY:** WHEATON
- **STATE:** IL
- **ZIP:** 60187

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** First Trust Exchange-Traded Fund III
- **DATE OF NAME CHANGE:** 20160419

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** First Trust Exchange Traded Fund III
- **DATE OF NAME CHANGE:** 20080116

## Series and Classes Contracts Data

### First Trust Emerging Markets Local Currency Bond ETF (Series ID: S000046751)

| Class ID   | Class Name                                           | Ticker Symbol   |
|:---|:---|:---|
| C000146034 | First Trust Emerging Markets Local Currency Bond ETF | FEMB            |

## Nport-Ex

**First Trust Emerging Markets Local Currency Bond ETF (FEMB)**

**Portfolio of Investments**

**July 31, 2025 (Unaudited)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal** <br>**Value**<br>| **Description** | **Stated** <br>**Coupon**<br>| **Stated** <br>**Maturity**<br>| **Value** |
| **FOREIGN SOVEREIGN BONDS AND NOTES (a) — 90.4%** | **FOREIGN SOVEREIGN BONDS AND NOTES (a) — 90.4%** | **FOREIGN SOVEREIGN BONDS AND NOTES (a) — 90.4%** | **FOREIGN SOVEREIGN BONDS AND NOTES (a) — 90.4%** | **FOREIGN SOVEREIGN BONDS AND NOTES (a) — 90.4%** |
|  | **Brazil — 8.0%** | **Brazil — 8.0%** | **Brazil — 8.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 36300000 | Brazil Notas do Tesouro Nacional, Series F (BRL)  | 10.00% | 01/01/29 | $5889128 |
| &nbsp;&nbsp;&nbsp;&nbsp; 29200000 | Brazil Notas do Tesouro Nacional, Series F (BRL)  | 10.00% | 01/01/31 | 4498791 |
| &nbsp;&nbsp;&nbsp;&nbsp; 20500000 | Brazil Notas do Tesouro Nacional, Series F (BRL)  | 10.00% | 01/01/33 | 3039827 |
| &nbsp;&nbsp;&nbsp;&nbsp; 26000000 | Brazil Notas do Tesouro Nacional, Series F (BRL)  | 10.00% | 01/01/35 | 3727567 |
|  |  |  |  | 17155313 |
|  | **Chile — 2.9%** | **Chile — 2.9%** | **Chile — 2.9%** |  |
| &nbsp;&nbsp; 325000000 | Bonos de la Tesoreria de la Republica en pesos (CLP)  | 4.50% | 03/01/26 | 334115 |
| 5925000000 | Bonos de la Tesoreria de la Republica en pesos (CLP) (b) (c) | 4.70% | 09/01/30 | 5909396 |
|  |  |  |  | 6243511 |
|  | **Colombia — 6.5%** | **Colombia — 6.5%** | **Colombia — 6.5%** |  |
| 8150000000 | Colombian TES, Series B (COP)  | 7.75% | 09/18/30 | 1711177 |
| 23960000000 | Colombian TES, Series B (COP)  | 7.00% | 06/30/32 | 4510572 |
| 38183000000 | Colombian TES, Series B (COP)  | 7.25% | 10/18/34 | 6857875 |
| 3800000000 | Colombian TES, Series B (COP)  | 9.25% | 05/28/42 | 725537 |
|  |  |  |  | 13805161 |
|  | **Czech Republic — 3.0%** | **Czech Republic — 3.0%** | **Czech Republic — 3.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 22740000 | Czech Republic Government Bond (CZK) (c) | 2.40% | 09/17/25 | 1054779 |
| &nbsp;&nbsp;&nbsp;&nbsp; 20410000 | Czech Republic Government Bond (CZK)  | 5.00% | 09/30/30 | 993273 |
| &nbsp;&nbsp;&nbsp;&nbsp; 82050000 | Czech Republic Government Bond (CZK)  | 3.50% | 05/30/35 | 3558845 |
| &nbsp;&nbsp;&nbsp;&nbsp; 23700000 | Czech Republic Government Bond (CZK)  | 1.50% | 04/24/40 | 733471 |
|  |  |  |  | 6340368 |
|  | **Hungary — 3.8%** | **Hungary — 3.8%** | **Hungary — 3.8%** |  |
| &nbsp;&nbsp; 900000000 | Hungary Government Bond (HUF)  | 6.75% | 10/22/28 | 2587716 |
| 1928000000 | Hungary Government Bond (HUF)  | 7.00% | 10/24/35 | 5441369 |
|  |  |  |  | 8029085 |
|  | **India — 4.8%** | **India — 4.8%** | **India — 4.8%** |  |
| &nbsp;&nbsp; 423000000 | India Government Bond (INR)  | 6.10% | 07/12/31 | 4806961 |
| &nbsp;&nbsp; 463820000 | India Government Bond (INR)  | 7.18% | 07/24/37 | 5549174 |
|  |  |  |  | 10356135 |
|  | **Indonesia — 14.0%** | **Indonesia — 14.0%** | **Indonesia — 14.0%** |  |
| 51993000000 | Indonesia Treasury Bond (IDR)  | 8.38% | 09/15/26 | 3246600 |
| 137786000000 | Indonesia Treasury Bond (IDR)  | 9.00% | 03/15/29 | 9171884 |
| 127269000000 | Indonesia Treasury Bond (IDR)  | 7.00% | 09/15/30 | 7993200 |
| 34395000000 | Indonesia Treasury Bond (IDR)  | 8.38% | 03/15/34 | 2334910 |
| 106563000000 | Indonesia Treasury Bond (IDR)  | 8.25% | 05/15/36 | 7243541 |
|  |  |  |  | 29990135 |
|  | **Israel — 0.3%** | **Israel — 0.3%** | **Israel — 0.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | Israel Government Bond - Fixed (ILS)  | 6.25% | 10/30/26 | 151025 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1850000 | Israel Government Bond - Fixed (ILS)  | 3.75% | 02/28/29 | 538042 |
|  |  |  |  | 689067 |
|  | **Malaysia — 10.9%** | **Malaysia — 10.9%** | **Malaysia — 10.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 19540000 | Malaysia Government Bond (MYR)  | 3.89% | 08/15/29 | 4706382 |
| &nbsp;&nbsp;&nbsp;&nbsp; 21309000 | Malaysia Government Bond (MYR)  | 4.50% | 04/15/30 | 5279175 |
| &nbsp;&nbsp;&nbsp;&nbsp; 44887000 | Malaysia Government Bond (MYR)  | 2.63% | 04/15/31 | 10159405 |
| &nbsp;&nbsp;&nbsp;&nbsp; 12030000 | Malaysia Government Bond (MYR)  | 4.64% | 11/07/33 | 3064613 |
|  |  |  |  | 23209575 |
|  | **Mexico — 4.8%** | **Mexico — 4.8%** | **Mexico — 4.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 69930000 | Mexican Bonos, Series M (MXN)  | 8.50% | 05/31/29 | 3689537 |

---

------

**First Trust Emerging Markets Local Currency Bond ETF (FEMB)**

**Portfolio of Investments (Continued)**

**July 31, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **FOREIGN SOVEREIGN BONDS AND NOTES (a) (Continued)** | **FOREIGN SOVEREIGN BONDS AND NOTES (a) (Continued)** | **FOREIGN SOVEREIGN BONDS AND NOTES (a) (Continued)** | **FOREIGN SOVEREIGN BONDS AND NOTES (a) (Continued)** | **FOREIGN SOVEREIGN BONDS AND NOTES (a) (Continued)** |
|  | **Mexico (Continued)** | **Mexico (Continued)** | **Mexico (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 93440000 | Mexican Bonos, Series M (MXN)  | 7.50% | 05/26/33 | $4503323 |
| &nbsp;&nbsp;&nbsp;&nbsp; 41000000 | Mexican Bonos, Series M (MXN)  | 8.50% | 11/18/38 | 1987405 |
|  |  |  |  | 10180265 |
|  | **Peru — 2.2%** | **Peru — 2.2%** | **Peru — 2.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1400000 | Peru Government Bond (PEN)  | 6.95% | 08/12/31 | 428368 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15420000 | Peru Government Bond (PEN)  | 6.90% | 08/12/37 | 4351671 |
|  |  |  |  | 4780039 |
|  | **Philippines — 2.6%** | **Philippines — 2.6%** | **Philippines — 2.6%** |  |
| &nbsp;&nbsp; 331000000 | Philippine Government International Bond (PHP)  | 6.25% | 01/14/36 | 5543629 |
|  | **Poland — 3.4%** | **Poland — 3.4%** | **Poland — 3.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1016000 | Republic of Poland Government Bond (PLN)  | 7.50% | 07/25/28 | 293630 |
| &nbsp;&nbsp;&nbsp;&nbsp; 12699000 | Republic of Poland Government Bond (PLN)  | 1.75% | 04/25/32 | 2741431 |
| &nbsp;&nbsp;&nbsp;&nbsp; 14933000 | Republic of Poland Government Bond (PLN)  | 6.00% | 10/25/33 | 4180158 |
|  |  |  |  | 7215219 |
|  | **Romania — 3.3%** | **Romania — 3.3%** | **Romania — 3.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 25225000 | Romania Government Bond (RON)  | 6.70% | 02/25/32 | 5502362 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8600000 | Romania Government Bond (RON)  | 4.75% | 10/11/34 | 1627900 |
|  |  |  |  | 7130262 |
|  | **South Africa — 8.2%** | **South Africa — 8.2%** | **South Africa — 8.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 76580000 | Republic of South Africa Government Bond, Series R186 (ZAR)  | 10.50% | 12/21/26 | 4357302 |
| &nbsp;&nbsp; 146100000 | Republic of South Africa Government Bond (ZAR)  | 8.25% | 03/31/32 | 7776455 |
| &nbsp;&nbsp;&nbsp;&nbsp; 56360000 | Republic of South Africa Government Bond (ZAR)  | 8.88% | 02/28/35 | 2954783 |
| &nbsp;&nbsp;&nbsp;&nbsp; 53829000 | Republic of South Africa Government Bond (ZAR)  | 8.75% | 01/31/44 | 2481458 |
|  |  |  |  | 17569998 |
|  | **Supranational — 5.9%** | **Supranational — 5.9%** | **Supranational — 5.9%** |  |
| &nbsp;&nbsp; 100000000 | African Development Bank (ZAR)  | (d) | 04/05/46 | 637128 |
| &nbsp;&nbsp; 162020000 | Asian Development Bank (INR)  | 6.20% | 10/06/26 | 1857804 |
| &nbsp;&nbsp; 186000000 | European Bank for Reconstruction & Development (INR)  | 6.30% | 10/26/27 | 2123523 |
| &nbsp;&nbsp; 201000000 | Inter-American Development Bank (INR)  | 7.35% | 10/06/30 | 2359143 |
| &nbsp;&nbsp;&nbsp;&nbsp; 62000000 | International Bank for Reconstruction & Development (INR)  | 6.75% | 07/13/29 | 712516 |
| &nbsp;&nbsp; 342500000 | International Bank for Reconstruction & Development (INR)  | 6.71% | 01/21/35 | 3901213 |
| &nbsp;&nbsp;&nbsp;&nbsp; 62500000 | International Finance Corp. (MXN)  | (d) | 02/22/38 | 1068423 |
|  |  |  |  | 12659750 |
|  | **Thailand — 4.6%** | **Thailand — 4.6%** | **Thailand — 4.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 87960000 | Thailand Government Bond (THB)  | 3.35% | 06/17/33 | 3070451 |
| &nbsp;&nbsp; 183450000 | Thailand Government Bond (THB)  | 3.39% | 06/17/37 | 6661990 |
|  |  |  |  | 9732441 |
|  | **Turkey — 1.2%** | **Turkey — 1.2%** | **Turkey — 1.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 11800000 | Turkiye Government Bond (TRY)  | 10.60% | 02/11/26 | 255780 |
| &nbsp;&nbsp; 104000000 | Turkiye Government Bond (TRY)  | 26.20% | 10/05/33 | 2349435 |
|  |  |  |  | 2605215 |
|  | **Total Investments — 90.4%** | **Total Investments — 90.4%** | **Total Investments — 90.4%** | 193235168 |
|  | (Cost $195,768,428) | (Cost $195,768,428) | (Cost $195,768,428) |  |
|  | **Net Other Assets and Liabilities — 9.6%** | **Net Other Assets and Liabilities — 9.6%** | **Net Other Assets and Liabilities — 9.6%** | 20440229 |
|  | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | $213675397 |

---

------

**First Trust Emerging Markets Local Currency Bond ETF (FEMB)**

**Portfolio of Investments (Continued)**

**July 31, 2025 (Unaudited)**

**Forward Foreign Currency Contracts at July 31, 2025:**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Settlement** <br>**Date**<br>| **Counterparty** | **Amount** <br>**Purchased** | **Amount** <br>**Purchased** | **Amount** <br>**Sold** | **Amount** <br>**Sold** | **Purchase Value** <br>**as of** <br>**7/31/2025**<br>| **Sale Value** <br>**as of** <br>**7/31/2025**<br>| **Unrealized** <br>**Appreciation** <br>**(Depreciation)**<br>|
| 08/26/2025 | JPM | BRL | 43050000 | USD | 7642871 | $7633944 | $7642871 | $(8927)<br>|
| 08/26/2025 | JPM | CLP | 2014000000 | USD | 2082321 | 2070809 | 2082321 | (11512)<br>|
| 08/26/2025 | BNY | CNH | 10200000 | USD | 1423700 | 1417516 | 1423700 | (6184)<br>|
| 08/26/2025 | BNS | COP | 11790000000 | USD | 2921788 | 2809722 | 2921788 | (112066)<br>|
| 08/26/2025 | JPM | COP | 16140000000 | USD | 3991266 | 3846388 | 3991266 | (144878)<br>|
| 08/26/2025 | BNY | CZK | 32000000 | USD | 1513762 | 1486772 | 1513762 | (26990)<br>|
| 08/26/2025 | BNY | HUF | 550000000 | USD | 1601826 | 1567048 | 1601826 | (34778)<br>|
| 08/26/2025 | JPM | IDR | 49000000000 | USD | 2994835 | 2975720 | 2994835 | (19115)<br>|
| 08/26/2025 | JPM | INR | 310200000 | USD | 3602829 | 3536860 | 3602829 | (65969)<br>|
| 08/26/2025 | JPM | KRW | 11690000000 | USD | 8417278 | 8441875 | 8417278 | 24597 |
| 08/26/2025 | BNY | MXN | 81163000 | USD | 4295044 | 4289895 | 4295044 | (5149)<br>|
| 08/26/2025 | BNS | PEN | 6000000 | USD | 1690331 | 1668737 | 1690331 | (21594)<br>|
| 08/26/2025 | JPM | PHP | 245700000 | USD | 4292753 | 4208934 | 4292753 | (83819)<br>|
| 08/26/2025 | BNY | PLN | 3620000 | USD | 990750 | 965498 | 990750 | (25252)<br>|
| 08/26/2025 | BNY | THB | 90882000 | USD | 2801018 | 2786770 | 2801018 | (14248)<br>|
| 08/26/2025 | BNY | TRY | 154800000 | USD | 3711450 | 3722265 | 3711450 | 10815 |
| 08/26/2025 | JPM | USD | 2150577 | IDR | 35500000000 | 2150577 | 2155880 | (5303)<br>|
| 08/26/2025 | BNY | USD | 1633839 | ILS | 5480000 | 1633839 | 1613286 | 20553 |
| 08/26/2025 | JPM | USD | 1053187 | KRW | 1460000000 | 1053187 | 1054331 | (1144)<br>|
| 08/26/2025 | JPM | USD | 1031215 | CLP | 1000000000 | 1031215 | 1028207 | 3008 |
| 08/26/2025 | BNY | ZAR | 91400000 | USD | 5152194 | 5008227 | 5152194 | (143967)<br>|
| Net Unrealized Appreciation (Depreciation) | Net Unrealized Appreciation (Depreciation) | Net Unrealized Appreciation (Depreciation) | Net Unrealized Appreciation (Depreciation) | Net Unrealized Appreciation (Depreciation) | Net Unrealized Appreciation (Depreciation) | Net Unrealized Appreciation (Depreciation) | Net Unrealized Appreciation (Depreciation) | $(671922)<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Principal Value is in local currency in the security description.

&nbsp;&nbsp;&nbsp;&nbsp;(b) This security, sold within the terms of a private placement memorandum, is exempt
 from registration upon resale under Rule 144A of the Securities Act of 1933, as amended (the "1933 Act"), and may be resold in transactions exempt from registration, normally to qualified institutional buyers. Pursuant to procedures adopted by the Trust's Board of Trustees, this security has been determined to be liquid by First Trust Advisors L.P., the Fund's advisor. Although market instability can result in periods of increased overall market illiquidity, liquidity for each security is
 determined based on security specific factors and assumptions, which require subjective judgment. At July 31, 2025, securities noted
 as such amounted to $5,909,396 or 2.8% of net assets.

&nbsp;&nbsp;&nbsp;&nbsp;(c) This security may be resold to qualified foreign investors and foreign institutional
 buyers under Regulation S of the 1933 Act.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Zero coupon security.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

------

**First Trust Emerging Markets Local Currency Bond ETF (FEMB)**

**Portfolio of Investments (Continued)**

**July 31, 2025 (Unaudited)**

---

| | |
|:---|:---|
| Abbreviations throughout the Portfolio of Investments: | Abbreviations throughout the Portfolio of Investments: |
| BNS | – Bank of Nova Scotia |
| BNY | – Bank of New York (The) |
| BRL | – Brazilian Real |
| CLP | – Chilean Peso |
| CNH | – Chinese Yuan |
| CNY | – China Yuan Renminbi |
| COP | – Colombian Peso |
| CZK | – Czech Koruna |
| EUR | – Euro |
| HUF | – Hungarian Forint |
| IDR | – Indonesian Rupiah |
| ILS | – Israeli Shekel |
| INR | – Indian Rupee |
| JPM | – JPMorgan Chase and Co. |
| KRW | – South Korean Won |
| MXN | – Mexican Peso |
| MYR | – Malaysian Ringgit |
| PEN | – Peruvian Nuevo Sol |
| PHP | – Philippine Peso |
| PLN | – Polish Zloty |
| RON | – Romanian New Leu |
| THB | – Thai Baht |
| TRY | – Turkish Lira |
| USD | – United States Dollar |
| ZAR | – South African Rand |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Credit Quality**<sup>(1)</sup> <br>| **% of Total** <br>**Investments**<br>|
| AAA | &nbsp;&nbsp;&nbsp; 6.5% |
| AA | &nbsp;&nbsp;&nbsp; 3.3 |
| A | &nbsp;&nbsp; 24.4 |
| BBB | &nbsp;&nbsp; 39.3 |
| BB | &nbsp;&nbsp; 26.5 |
| &nbsp;&nbsp;&nbsp; Total | 100.0% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(1)</sup> The ratings are by S&P Global Ratings. A credit rating is an assessment provided by a nationally recognized statistical rating organization (NRSRO) of the creditworthiness of an issuer with respect to debt obligations. Ratings are measured on a scale that generally ranges from AAA (highest) to D (lowest). Investment grade is defined as those issuers that have a long-term credit rating of BBB- or higher. The credit ratings shown relate to the credit worthiness of the issuers of the underlying securities in the Fund, and not to the Fund or its shares. Credit ratings are subject to change. 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Currency Exposure Diversification** | **% of Total** <br>**Investments** <br>**(including cash)‡**<br>|
| IDR | &nbsp;&nbsp; 15.3% |
| INR | &nbsp;&nbsp; 12.9 |
| BRL | &nbsp;&nbsp; 12.4 |
| ZAR | &nbsp;&nbsp; 11.6 |
| MYR | &nbsp;&nbsp; 11.5 |
| COP | &nbsp;&nbsp; 10.2 |
| MXN | &nbsp;&nbsp;&nbsp; 7.7 |
| THB | &nbsp;&nbsp;&nbsp; 6.2 |
| HUF | &nbsp;&nbsp;&nbsp; 5.0 |
| PHP | &nbsp;&nbsp;&nbsp; 4.9 |
| PLN | &nbsp;&nbsp;&nbsp; 4.1 |
| CZK | &nbsp;&nbsp;&nbsp; 3.9 |
| KRW | &nbsp;&nbsp;&nbsp; 3.7 |
| CLP | &nbsp;&nbsp;&nbsp; 3.6 |
| RON | &nbsp;&nbsp;&nbsp; 3.5 |
| PEN | &nbsp;&nbsp;&nbsp; 3.2 |
| TRY | &nbsp;&nbsp;&nbsp; 3.2 |
| CNH | &nbsp;&nbsp;&nbsp; 0.7 |
| EUR | &nbsp;&nbsp;&nbsp; 0.0<sup>‡</sup><sup>‡</sup> <br>|
| CNY | &nbsp;&nbsp;&nbsp; 0.0<sup>‡</sup><sup>‡</sup> <br>|
| ILS | &nbsp;&nbsp; (0.5) |
| USD | (23.1) |
| &nbsp;&nbsp;&nbsp; Total | 100.0% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| <sup>‡</sup> <br>| The weightings include the impact of currency forwards. |
| <sup>‡</sup><sup>‡</sup> <br>| Amount is less than 0.1%. |

---

------

**First Trust Emerging Markets Local Currency Bond ETF (FEMB)**

**Portfolio of Investments (Continued)**

**July 31, 2025 (Unaudited)**

------

**Valuation Inputs**

The Fund is subject to fair value accounting standards that define fair value, establish the framework for measuring fair value and provide a three-level hierarchy for fair valuation based upon the inputs to the valuation as of the measurement date. The three levels of the fair value hierarchy are as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 – Level 1 inputs are quoted prices in active markets for identical investments.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 – Level 2 inputs are observable inputs, either directly or indirectly. (Quoted prices for similar investments, valuations based on interest rates and yield curves, or valuations derived from observable market data.)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 – Level 3 inputs are unobservable inputs that may reflect the reporting entity's own assumptions about the assumptions that market participants would use in pricing the investment.

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in those investments.

A summary of the inputs used to value the Fund's investments as of July 31, 2025 is as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** |
|  | **Total** <br>**Value at** <br>**7/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Foreign Sovereign Bonds and Notes\* | $193235168 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $193235168 | &nbsp;&nbsp; $— |
| Forward Foreign Currency Contracts | 58973 | &nbsp;&nbsp; — | &nbsp;&nbsp; 58973 | &nbsp;&nbsp; — |
| Total | $193294141 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $193294141 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** |
|  | **Total** <br>**Value at** <br>**7/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Forward Foreign Currency Contracts | $(730895)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(730895)<br>| &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Portfolio of Investments for country breakout.

------

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** First Trust Exchange-Traded Fund III

- **b. Investment Company Act file number:** 811-22245

- **c. CIK number of Registrant:** 0001424212

- **d. LEI of Registrant:** 5493003Z20QMESC6XS29

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 120 East Liberty Drive, Suite 400

  - **City:** Wheaton

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60187

  - **Telephone number:** 630-765-8000

**Item A.2. Information about the Series.**

- **a. Name of Series:** First Trust Emerging Markets Local Currency Bond ETF

- **b. EDGAR series identifier (if any):** S000046751

- **c. LEI of Series:** 549300DP1S8SJV0BSG28

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-07-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $216724650.75

**Total Liabilities:** $3058250.72

**Net Assets:** $213666400.03

**Cash Not Reported:** $8419634.43

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 802.24033000 | **5-Year:** 1664.03370000 | **10-Year:** 4827.44689000 | **30-Year:** 875.57953000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000146034 | 1.93%                | 3.48%                | -1.94%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-42122.44               | $1716507.55                                |
| Month 2  | $13486.99                | $3793764.69                                |
| Month 3  | $35968.25                | $-3958045.16                               |

**Designated Index Information**

- **Index Name:** The Fund's Designated Reference Portfolio is the Fund's Securities Portfolio.

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                      | Title                                               | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |      Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| REPUBLIC OF SOUTH AFRICA                  | Republic of South Africa Government Bond            | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |     76580000 | PA      | $4357302.18   | 2.04%             | 2026-12-21      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| The Bank of New York Mellon               | CURRENCY CONTRACT - CZK                             | CUSIP: 000000000<br>LEI: HPFHU0OQ28E4N0NFVK49 | N/A              | DFE              | CORP              | US        |            1 | NC      | $-26990.05    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| CZECH REPUBLIC                            | Czech Republic Government Bond                      | CUSIP: 000000000<br>LEI: 3157007EFDLQABN47912 | Long             | DBT              | NUSS              | CZ        |     20410000 | PA      | $993272.93    | 0.46%             | 2030-09-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, National Association | CURRENCY CONTRACT - CLP                             | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              | CORP              | US        |            1 | NC      | $-11512.05    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| NOTA DO TESOURO NACIONAL                  | Brazil Notas do Tesouro Nacional Serie F            | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |     36300000 | PA      | $5889128.19   | 2.76%             | 2029-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| The Bank of New York Mellon               | CURRENCY CONTRACT - PLN                             | CUSIP: 000000000<br>LEI: HPFHU0OQ28E4N0NFVK49 | N/A              | DFE              | CORP              | US        |            1 | NC      | $-25252.32    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| The Bank of New York Mellon               | CURRENCY CONTRACT - USD                             | CUSIP: 000000000<br>LEI: HPFHU0OQ28E4N0NFVK49 | N/A              | DFE              | CORP              | US        |            1 | NC      | $20553.05     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT                   | Mexican Bonos                                       | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     69930000 | PA      | $3689537.27   | 1.73%             | 2029-05-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| ISRAEL FIXED BOND                         | Israel Government Bond - Fixed                      | CUSIP: 000000000<br>LEI: 213800T8ZHTFZIBYPE21 | Long             | DBT              | NUSS              | IL        |       500000 | PA      | $151024.64    | 0.07%             | 2026-10-30      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| The Bank of New York Mellon               | CURRENCY CONTRACT - CNH                             | CUSIP: 000000000<br>LEI: HPFHU0OQ28E4N0NFVK49 | N/A              | DFE              | CORP              | US        |            1 | NC      | $-6184.41     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| INDIA GOVERNMENT BOND                     | India Government Bond                               | CUSIP: 000000000<br>LEI: 335800IV7VCDQGIOI391 | Long             | DBT              | NUSS              | IN        |    463820000 | PA      | $5549174.06   | 2.60%             | 2037-07-24      | Fixed         | 7.18%                 | No            |                  2 | On Loan: No      |
| TURKIYE GOVERNMENT BOND                   | Turkiye Government Bond                             | CUSIP: 000000000<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |     11800000 | PA      | $255779.77    | 0.12%             | 2026-02-11      | Fixed         | 10.60%                | No            |                  2 | On Loan: No      |
| NOTA DO TESOURO NACIONAL                  | Brazil Notas do Tesouro Nacional Serie F            | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |     20500000 | PA      | $3039827.11   | 1.42%             | 2033-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| TITULOS DE TESORERIA                      | Colombian TES                                       | CUSIP: 000000000<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |  38183000000 | PA      | $6857874.48   | 3.21%             | 2034-10-18      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| TITULOS DE TESORERIA                      | Colombian TES                                       | CUSIP: 000000000<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |   8150000000 | PA      | $1711176.92   | 0.80%             | 2030-09-18      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| The Bank of New York Mellon               | CURRENCY CONTRACT - ZAR                             | CUSIP: 000000000<br>LEI: HPFHU0OQ28E4N0NFVK49 | N/A              | DFE              | CORP              | US        |            1 | NC      | $-143967.42   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| BONOS TESORERIA PESOS                     | Bonos de la Tesoreria de la Republica en pesos      | CUSIP: 000000000<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |   5925000000 | PA      | $5909396.50   | 2.77%             | 2030-09-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| ISRAEL FIXED BOND                         | Israel Government Bond - Fixed                      | CUSIP: 000000000<br>LEI: 213800T8ZHTFZIBYPE21 | Long             | DBT              | NUSS              | IL        |      1850000 | PA      | $538042.16    | 0.25%             | 2029-02-28      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| THAILAND GOVERNMENT BOND                  | Thailand Government Bond                            | CUSIP: 000000000<br>LEI: 254900PHJ6MSKT6C7026 | Long             | DBT              | NUSS              | TH        |    183450000 | PA      | $6661990.17   | 3.12%             | 2037-06-17      | Fixed         | 3.39%                 | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT                      | Indonesia Treasury Bond                             | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        | 137786000000 | PA      | $9171883.56   | 4.29%             | 2029-03-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| INDIA GOVERNMENT BOND                     | India Government Bond                               | CUSIP: 000000000<br>LEI: 335800IV7VCDQGIOI391 | Long             | DBT              | NUSS              | IN        |    423000000 | PA      | $4806960.39   | 2.25%             | 2031-07-12      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| INTL FINANCE CORP                         | International Finance Corp                          | CUSIP: 000000000<br>LEI: QKL54NQY28TCDAI75F60 | Long             | DBT              | NUSS              | N/A       |     62500000 | PA      | $1068422.61   | 0.50%             | 2038-02-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| POLAND GOVERNMENT BOND                    | Republic of Poland Government Bond                  | CUSIP: 000000000<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |     12699000 | PA      | $2741430.73   | 1.28%             | 2032-04-25      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| CZECH REPUBLIC                            | Czech Republic Government Bond                      | CUSIP: 000000000<br>LEI: 3157007EFDLQABN47912 | Long             | DBT              | NUSS              | CZ        |     23700000 | PA      | $733471.16    | 0.34%             | 2040-04-24      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, National Association | CURRENCY CONTRACT - USD                             | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              | CORP              | US        |            1 | NC      | $-5302.78     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| INTER-AMERICAN DEVEL BK                   | Inter-American Development Bank                     | CUSIP: 000000000<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | NUSS              | N/A       |    201000000 | PA      | $2359143.38   | 1.10%             | 2030-10-06      | Fixed         | 7.35%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PHILIPPINES                   | Philippine Government International Bond            | CUSIP: 718286BM8<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |    331000000 | PA      | $5543629.37   | 2.59%             | 2036-01-14      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| The Bank of New York Mellon               | CURRENCY CONTRACT - HUF                             | CUSIP: 000000000<br>LEI: HPFHU0OQ28E4N0NFVK49 | N/A              | DFE              | CORP              | US        |            1 | NC      | $-34778.38    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| TITULOS DE TESORERIA                      | Colombian TES                                       | CUSIP: 000000000<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |   3800000000 | PA      | $725537.28    | 0.34%             | 2042-05-28      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| EUROPEAN BK RECON & DEV                   | European Bank for Reconstruction & Development      | CUSIP: 000000000<br>LEI: 549300HTGDOVDU6OGK19 | Long             | DBT              | NUSS              | N/A       |    186000000 | PA      | $2123523.57   | 0.99%             | 2027-10-26      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP                   | International Bank for Reconstruction & Development | CUSIP: 000000000<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | N/A       |    342500000 | PA      | $3901212.77   | 1.83%             | 2035-01-21      | Fixed         | 6.71%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, National Association | CURRENCY CONTRACT - USD                             | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              | CORP              | US        |            1 | NC      | $3007.87      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MALAYSIA GOVERNMENT                       | Malaysia Government Bond                            | CUSIP: 000000000<br>LEI: 254900GSIL471JOBYY43 | Long             | DBT              | NUSS              | MY        |     12030000 | PA      | $3064612.46   | 1.43%             | 2033-11-07      | Fixed         | 4.64%                 | No            |                  2 | On Loan: No      |
| TITULOS DE TESORERIA                      | Colombian TES                                       | CUSIP: 000000000<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |  23960000000 | PA      | $4510572.03   | 2.11%             | 2032-06-30      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ASIAN DEVELOPMENT BANK                    | Asian Development Bank                              | CUSIP: 000000000<br>LEI: 549300X0MVH42CY8Q105 | Long             | DBT              | NUSS              | N/A       |    162020000 | PA      | $1857804.46   | 0.87%             | 2026-10-06      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT                      | Indonesia Treasury Bond                             | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |  51993000000 | PA      | $3246600.27   | 1.52%             | 2026-09-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| TURKIYE GOVERNMENT BOND                   | Turkiye Government Bond                             | CUSIP: 000000000<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    104000000 | PA      | $2349435.67   | 1.10%             | 2033-10-05      | Fixed         | 26.20%                | No            |                  2 | On Loan: No      |
| POLAND GOVERNMENT BOND                    | Republic of Poland Government Bond                  | CUSIP: 000000000<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |     14933000 | PA      | $4180158.18   | 1.96%             | 2033-10-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CZECH REPUBLIC                            | Czech Republic Government Bond                      | CUSIP: 000000000<br>LEI: 3157007EFDLQABN47912 | Long             | DBT              | NUSS              | CZ        |     82050000 | PA      | $3558845.42   | 1.67%             | 2035-05-30      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MALAYSIA GOVERNMENT                       | Malaysia Government Bond                            | CUSIP: 000000000<br>LEI: 254900GSIL471JOBYY43 | Long             | DBT              | NUSS              | MY        |     44887000 | PA      | $10159405.00  | 4.75%             | 2031-04-15      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, National Association | CURRENCY CONTRACT - KRW                             | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              | CORP              | US        |            1 | NC      | $24596.95     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT                      | Indonesia Treasury Bond                             | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        | 127269000000 | PA      | $7993200.28   | 3.74%             | 2030-09-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| BONOS DE TESORERIA                        | Peru Government Bond                                | CUSIP: 000000000<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |     15420000 | PA      | $4351670.41   | 2.04%             | 2037-08-12      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SOUTH AFRICA                  | Republic of South Africa Government Bond            | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |     53829000 | PA      | $2481457.76   | 1.16%             | 2044-01-31      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| ROMANIA GOVERNMENT BOND                   | Romania Government Bond                             | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     25225000 | PA      | $5502361.86   | 2.58%             | 2032-02-25      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, National Association | CURRENCY CONTRACT - COP                             | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              | CORP              | US        |            1 | NC      | $-144877.75   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, National Association | CURRENCY CONTRACT - BRL                             | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              | CORP              | US        |            1 | NC      | $-8926.73     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF SOUTH AFRICA                  | Republic of South Africa Government Bond            | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |     56360000 | PA      | $2954783.12   | 1.38%             | 2035-02-28      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| The Bank of New York Mellon               | CURRENCY CONTRACT - THB                             | CUSIP: 000000000<br>LEI: HPFHU0OQ28E4N0NFVK49 | N/A              | DFE              | CORP              | US        |            1 | NC      | $-3899.48     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MALAYSIA GOVERNMENT                       | Malaysia Government Bond                            | CUSIP: 000000000<br>LEI: 254900GSIL471JOBYY43 | Long             | DBT              | NUSS              | MY        |     19540000 | PA      | $4706381.86   | 2.20%             | 2029-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| POLAND GOVERNMENT BOND                    | Republic of Poland Government Bond                  | CUSIP: 000000000<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |      1016000 | PA      | $293629.72    | 0.14%             | 2028-07-25      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT                   | Mexican Bonos                                       | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     41000000 | PA      | $1987405.49   | 0.93%             | 2038-11-18      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| BONOS TESORERIA PESOS                     | Bonos de la Tesoreria de la Republica en pesos      | CUSIP: 000000000<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |    325000000 | PA      | $334114.67    | 0.16%             | 2026-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MALAYSIA GOVERNMENT                       | Malaysia Government Bond                            | CUSIP: 000000000<br>LEI: 254900GSIL471JOBYY43 | Long             | DBT              | NUSS              | MY        |     21309000 | PA      | $5279175.40   | 2.47%             | 2030-04-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HUNGARY GOVERNMENT BOND                   | Hungary Government Bond                             | CUSIP: 000000000<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |    900000000 | PA      | $2587716.04   | 1.21%             | 2028-10-22      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| HUNGARY GOVERNMENT BOND                   | Hungary Government Bond                             | CUSIP: 000000000<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |   1928000000 | PA      | $5441368.79   | 2.55%             | 2035-10-24      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| NOTA DO TESOURO NACIONAL                  | Brazil Notas do Tesouro Nacional Serie F            | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |     26000000 | PA      | $3727566.95   | 1.74%             | 2035-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| REPUBLIC OF SOUTH AFRICA                  | Republic of South Africa Government Bond            | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    146100000 | PA      | $7776454.44   | 3.64%             | 2032-03-31      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| AFRICAN DEVELOPMENT BANK                  | African Development Bank                            | CUSIP: 000000000<br>LEI: 549300LNCLMO3ITVCU07 | Long             | DBT              | NUSS              | N/A       |    100000000 | PA      | $637128.00    | 0.30%             | 2046-04-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP                   | International Bank for Reconstruction & Development | CUSIP: 000000000<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | N/A       |     62000000 | PA      | $712515.64    | 0.33%             | 2029-07-13      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, National Association | CURRENCY CONTRACT - IDR                             | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              | CORP              | US        |            1 | NC      | $-19114.44    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| THE BANK OF NOVA SCOTIA                   | CURRENCY CONTRACT - PEN                             | CUSIP: 000000000<br>LEI: L3I9ZG2KFGXZ61BMYR72 | N/A              | DFE              | CORP              | US        |            1 | NC      | $-21593.98    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT                   | Mexican Bonos                                       | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     93440000 | PA      | $4503322.65   | 2.11%             | 2033-05-26      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, National Association | CURRENCY CONTRACT - USD                             | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              | CORP              | US        |            1 | NC      | $-1144.29     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| THE BANK OF NOVA SCOTIA                   | CURRENCY CONTRACT - COP                             | CUSIP: 000000000<br>LEI: L3I9ZG2KFGXZ61BMYR72 | N/A              | DFE              | CORP              | US        |            1 | NC      | $-112066.20   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| The Bank of New York Mellon               | CURRENCY CONTRACT - MXN                             | CUSIP: 000000000<br>LEI: HPFHU0OQ28E4N0NFVK49 | N/A              | DFE              | CORP              | US        |            1 | NC      | $-4507.63     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CZECH REPUBLIC                            | Czech Republic Government Bond                      | CUSIP: 000000000<br>LEI: 3157007EFDLQABN47912 | Long             | DBT              | NUSS              | CZ        |     22740000 | PA      | $1054778.70   | 0.49%             | 2025-09-17      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| The Bank of New York Mellon               | CURRENCY CONTRACT - TRY                             | CUSIP: 000000000<br>LEI: HPFHU0OQ28E4N0NFVK49 | N/A              | DFE              | CORP              | US        |            1 | NC      | $10814.86     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| The Bank of New York Mellon               | CURRENCY CONTRACT - MXN                             | CUSIP: 000000000<br>LEI: HPFHU0OQ28E4N0NFVK49 | N/A              | DFE              | CORP              | US        |            1 | NC      | $-640.89      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BONOS DE TESORERIA                        | Peru Government Bond                                | CUSIP: 000000000<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |      1400000 | PA      | $428368.27    | 0.20%             | 2031-08-12      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| ROMANIA GOVERNMENT BOND                   | Romania Government Bond                             | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |      8600000 | PA      | $1627900.05   | 0.76%             | 2034-10-11      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT                      | Indonesia Treasury Bond                             | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        | 106563000000 | PA      | $7243541.40   | 3.39%             | 2036-05-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| NOTA DO TESOURO NACIONAL                  | Brazil Notas do Tesouro Nacional Serie F            | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |     29200000 | PA      | $4498791.17   | 2.11%             | 2031-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| THAILAND GOVERNMENT BOND                  | Thailand Government Bond                            | CUSIP: 000000000<br>LEI: 254900PHJ6MSKT6C7026 | Long             | DBT              | NUSS              | TH        |     87960000 | PA      | $3070451.24   | 1.44%             | 2033-06-17      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| The Bank of New York Mellon               | CURRENCY CONTRACT - THB                             | CUSIP: 000000000<br>LEI: HPFHU0OQ28E4N0NFVK49 | N/A              | DFE              | CORP              | US        |            1 | NC      | $-10348.14    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, National Association | CURRENCY CONTRACT - PHP                             | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              | CORP              | US        |            1 | NC      | $-83818.94    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT                      | Indonesia Treasury Bond                             | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |  34395000000 | PA      | $2334909.43   | 1.09%             | 2034-03-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, National Association | CURRENCY CONTRACT - INR                             | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              | CORP              | US        |            1 | NC      | $-65968.61    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-18

**Name of Applicant:** First Trust Exchange-Traded Fund III

**Signature:** Derek Maltbie

**Name of Signer:** Derek Maltbie

**Title:** Treasurer, Chief Financial Officer and Chief Accounting Officer