<?xml version="1.0" encoding="US-ASCII"?>
<!-- Generated by DFIN XBRL Schema Document - http://www.dfinsolutions.com/ - on 25-09-2026 06:00:58 AM -->
<!-- Copyright(c) 2026 Donnelley Financial Solutions, Inc. All Rights Reserved. -->
<schema targetNamespace="http://www.ftportfolios.com/20260924" xmlns="http://www.w3.org/2001/XMLSchema" xmlns:ftetfiii="http://www.ftportfolios.com/20260924" xmlns:dei="http://xbrl.sec.gov/dei/2025" xmlns:srt-types="http://fasb.org/srt-types/2025" xmlns:deprecated="http://www.xbrl.org/2009/role/deprecated" xmlns:dtr="http://www.xbrl.org/2009/dtr" xmlns:oef="http://xbrl.sec.gov/oef/2025" xmlns:ref="http://www.xbrl.org/2006/ref" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:xl="http://www.xbrl.org/2003/XLink" xmlns:us-gaap="http://fasb.org/us-gaap/2025" xmlns:oef-pre="http://xbrl.sec.gov/oef-pre/2025" xmlns:oef-lab="http://xbrl.sec.gov/oef-lab/2025" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:country="http://xbrl.sec.gov/country/2025" xmlns:us-roles="http://fasb.org/us-roles/2025" xmlns:enum2="http://xbrl.org/2020/extensible-enumerations-2.0" xmlns:us-types="http://fasb.org/us-types/2025" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:dtr-types="http://www.xbrl.org/dtr/type/2024-01-31" xmlns:oef-def="http://xbrl.sec.gov/oef-def/2025" xmlns:negated="http://www.xbrl.org/2009/role/negated" xmlns:xbrldi="http://xbrl.org/2006/xbrldi" xmlns:srt="http://fasb.org/srt/2025" xmlns:oef-sr="http://xbrl.sec.gov/oef-sr/2025" xmlns:srt-roles="http://fasb.org/srt-roles/2025" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:stpr="http://xbrl.sec.gov/stpr/2025" elementFormDefault="qualified">
	<import namespace="http://www.xbrl.org/2003/instance" schemaLocation="http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd"/>
	<import namespace="http://www.xbrl.org/2003/linkbase" schemaLocation="http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd"/>
	<import namespace="http://xbrl.sec.gov/dei/2025" schemaLocation="https://xbrl.sec.gov/dei/2025/dei-2025.xsd"/>
	<import namespace="http://fasb.org/us-types/2025" schemaLocation="https://xbrl.fasb.org/us-gaap/2025/elts/us-types-2025.xsd"/>
	<import namespace="http://www.xbrl.org/dtr/type/2024-01-31" schemaLocation="https://www.xbrl.org/dtr/type/2024-01-31/types.xsd"/>   
	<import namespace="http://xbrl.sec.gov/country/2025" schemaLocation="https://xbrl.sec.gov/country/2025/country-2025.xsd"/>
	<import namespace="http://fasb.org/srt/2025" schemaLocation="https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd"/>
	<import namespace="http://fasb.org/srt-types/2025" schemaLocation="https://xbrl.fasb.org/srt/2025/elts/srt-types-2025.xsd"/>
	<import namespace="http://xbrl.sec.gov/oef-sr/2025" schemaLocation="https://xbrl.sec.gov/oef/2025/oef-sr-2025.xsd"/>
	<import namespace="http://fasb.org/us-gaap/2025" schemaLocation="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd"/>
	<import namespace="http://fasb.org/us-roles/2025" schemaLocation="https://xbrl.fasb.org/us-gaap/2025/elts/us-roles-2025.xsd"/>
	<import namespace="http://fasb.org/srt-roles/2025" schemaLocation="https://xbrl.fasb.org/srt/2025/elts/srt-roles-2025.xsd"/>
	<annotation>
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				<link:arcroleRef arcroleURI="http://xbrl.org/int/dim/arcrole/domain-member" xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#domain-member"/>
				<link:roleRef roleURI="http://xbrl.sec.gov/oef/role/ShareholderReport" xlink:type="simple" xlink:href="https://xbrl.sec.gov/oef/2025/oef-2025.xsd#ShareholderReport"/>
				<link:roleRef roleURI="http://xbrl.sec.gov/oef/role/ShareholderReportHoldingsDetails" xlink:type="simple" xlink:href="https://xbrl.sec.gov/oef/2025/oef-2025.xsd#ShareholderReportHoldingsDetails"/>
				<link:roleRef roleURI="http://xbrl.sec.gov/oef/role/ShareholderReportLineGraphDetails" xlink:type="simple" xlink:href="https://xbrl.sec.gov/oef/2025/oef-2025.xsd#ShareholderReportLineGraphDetails"/>
				<link:roleRef roleURI="http://xbrl.sec.gov/oef/role/ShareholderReportAverageAnnualReturnDetails" xlink:type="simple" xlink:href="https://xbrl.sec.gov/oef/2025/oef-2025.xsd#ShareholderReportAverageAnnualReturnDetails"/>
				<link:roleRef roleURI="http://xbrl.sec.gov/oef/role/ClassOnly" xlink:type="simple" xlink:href="https://xbrl.sec.gov/oef/2025/oef-2025.xsd#ClassOnly"/>
				<link:roleRef roleURI="http://fasb.org/us-gaap/role/eedm/ExtensibleEnumerationLists" xlink:type="simple" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-roles-2025.xsd#eedm"/>
				<link:roleRef roleURI="http://xbrl.sec.gov/oef/role/LargestHoldingOnly" xlink:type="simple" xlink:href="https://xbrl.sec.gov/oef/2025/oef-2025.xsd#LargestHoldingOnly"/>
				<link:roleRef roleURI="http://xbrl.sec.gov/oef/role/Other1CategoryOnly" xlink:type="simple" xlink:href="https://xbrl.sec.gov/oef/2025/oef-2025.xsd#Other1CategoryOnly"/>
				<link:roleRef roleURI="http://xbrl.sec.gov/oef/role/AdditionalIndexOnly" xlink:type="simple" xlink:href="https://xbrl.sec.gov/oef/2025/oef-2025.xsd#AdditionalIndexOnly"/>
				<link:roleRef roleURI="http://xbrl.sec.gov/oef/role/BroadBasedIndexOnly" xlink:type="simple" xlink:href="https://xbrl.sec.gov/oef/2025/oef-2025.xsd#BroadBasedIndexOnly"/>
				<link:roleRef roleURI="http://xbrl.sec.gov/oef/role/Other2CategoryOnly" xlink:type="simple" xlink:href="https://xbrl.sec.gov/oef/2025/oef-2025.xsd#Other2CategoryOnly"/>
				<link:roleRef roleURI="http://xbrl.sec.gov/oef/role/SalesLoadOnly" xlink:type="simple" xlink:href="https://xbrl.sec.gov/oef/2025/oef-2025.xsd#SalesLoadOnly"/>
				<link:roleRef roleURI="http://xbrl.sec.gov/oef/role/MaturityOnly" xlink:type="simple" xlink:href="https://xbrl.sec.gov/oef/2025/oef-2025.xsd#MaturityOnly"/>
				<link:roleRef roleURI="http://xbrl.sec.gov/oef/role/IndustrySectorOnly" xlink:type="simple" xlink:href="https://xbrl.sec.gov/oef/2025/oef-2025.xsd#IndustrySectorOnly"/>
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				<link:roleRef roleURI="http://xbrl.sec.gov/oef/role/GeographicRegionOnly" xlink:type="simple" xlink:href="https://xbrl.sec.gov/oef/2025/oef-2025.xsd#GeographicRegionOnly"/>
				<link:presentationLink xlink:type="extended" xlink:role="http://xbrl.sec.gov/oef/role/ShareholderReport">              
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					<link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareClassDomain" xlink:to="C000205581Member" order="7.0" />
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					<link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareClassDomain" xlink:to="C000216993Member" order="8.0" />
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					<link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareClassDomain" xlink:to="C000218390Member" order="9.0" />
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_C000223991Member" xlink:label="C000223991Member"/>
					<link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareClassDomain" xlink:to="C000223991Member" order="10.0" />
				</link:presentationLink>
				<link:presentationLink xlink:type="extended" xlink:role="http://xbrl.sec.gov/oef/role/ShareholderReportHoldingsDetails">               
					<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/oef/2025/oef-2025.xsd#oef_ShareClassDomain" xlink:label="ShareClassDomain"/>
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					<link:loc xlink:type="locator" xlink:href="#ftetfiii_C000187865Member" xlink:label="C000187865Member"/>
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					<link:loc xlink:type="locator" xlink:href="#ftetfiii_C000205579Member" xlink:label="C000205579Member"/>
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					<link:loc xlink:type="locator" xlink:href="#ftetfiii_C000205581Member" xlink:label="C000205581Member"/>
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					<link:loc xlink:type="locator" xlink:href="#ftetfiii_C000218390Member" xlink:label="C000218390Member"/>
					<link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareClassDomain" xlink:to="C000218390Member" order="9.0" />
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_C000223991Member" xlink:label="C000223991Member"/>
					<link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareClassDomain" xlink:to="C000223991Member" order="10.0" />   
					<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_InvestmentTypeCategorizationMember" xlink:label="InvestmentTypeCategorizationMember"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_DedicatedTaxMember" xlink:label="DedicatedTaxMember"/>
					<link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="InvestmentTypeCategorizationMember" xlink:to="DedicatedTaxMember" order="2.0" />
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_IndustrialDevelopmentBondMember" xlink:label="IndustrialDevelopmentBondMember"/>
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					<link:loc xlink:type="locator" xlink:href="#ftetfiii_GovernmentObligationBondLimitedTaxMember" xlink:label="GovernmentObligationBondLimitedTaxMember"/>
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					<link:loc xlink:type="locator" xlink:href="#ftetfiii_GovernmentObligationBondUnlimitedTaxMember" xlink:label="GovernmentObligationBondUnlimitedTaxMember"/>
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					<link:loc xlink:type="locator" xlink:href="#ftetfiii_NetOtherAssetsAndLiabilitiesMember" xlink:label="NetOtherAssetsAndLiabilitiesMember"/>
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					<link:loc xlink:type="locator" xlink:href="#ftetfiii_CLPHoldingsLtdMember" xlink:label="CLPHoldingsLtdMember"/>
					<link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LargestHoldingsDomain" xlink:to="CLPHoldingsLtdMember" order="2.0" />
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					<link:loc xlink:type="locator" xlink:href="#ftetfiii_HongKongAndChinaGasCoLtdMember" xlink:label="HongKongAndChinaGasCoLtdMember"/>
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					<link:loc xlink:type="locator" xlink:href="#ftetfiii_CiscoSystemsIncMember" xlink:label="CiscoSystemsIncMember"/>
					<link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LargestHoldingsDomain" xlink:to="CiscoSystemsIncMember" order="21.0" />
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_PhillipsEdisonAndCoIncMember" xlink:label="PhillipsEdisonAndCoIncMember"/>
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					<link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LargestHoldingsDomain" xlink:to="OGEEnergyCorpMember" order="23.0" />
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					<link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LargestHoldingsDomain" xlink:to="EllingtonFinancialIncMember" order="26.0" />
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_IDACORPIncMember" xlink:label="IDACORPIncMember"/>
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					<link:loc xlink:type="locator" xlink:href="#ftetfiii_AgreeRealtyCorpMember" xlink:label="AgreeRealtyCorpMember"/>
					<link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LargestHoldingsDomain" xlink:to="AgreeRealtyCorpMember" order="28.0" />
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					<link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LargestHoldingsDomain" xlink:to="FourCornersPropertyTrustIncMember" order="29.0" />
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					<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/oef/2025/oef-2025.xsd#oef_IndustrySectorDomain" xlink:label="IndustrySectorDomain"/>	
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_HospitalMember" xlink:label="HospitalMember"/>
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					<link:loc xlink:type="locator" xlink:href="#ftetfiii_AirportMember" xlink:label="AirportMember"/>
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					<link:loc xlink:type="locator" xlink:href="#ftetfiii_ContinuingCareRetirementCommunitiesMember" xlink:label="ContinuingCareRetirementCommunitiesMember"/>
					<link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="IndustrySectorDomain" xlink:to="ContinuingCareRetirementCommunitiesMember" order="5.0" />
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_SpecialAssessmentMember" xlink:label="SpecialAssessmentMember"/>
					<link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="IndustrySectorDomain" xlink:to="SpecialAssessmentMember" order="6.0" />
					<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/oef/2025/oef-2025.xsd#oef_UnclassifiedSectorMember" xlink:label="UnclassifiedSectorMember"/>
					<link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="IndustrySectorDomain" xlink:to="UnclassifiedSectorMember" order="7.0" />
					<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_EnergySectorMember" xlink:label="EnergySectorMember"/>
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					<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/oef/2025/oef-2025.xsd#oef_CommunicationsSectorMember" xlink:label="CommunicationsSectorMember"/>
					<link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="IndustrySectorDomain" xlink:to="CommunicationsSectorMember" order="9.0" />
					<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/oef/2025/oef-2025.xsd#oef_UtilitiesSectorMember" xlink:label="UtilitiesSectorMember"/>
					<link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="IndustrySectorDomain" xlink:to="UtilitiesSectorMember" order="10.0" />
					<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/oef/2025/oef-2025.xsd#oef_MaterialsSectorMember" xlink:label="MaterialsSectorMember"/>
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					<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/oef/2025/oef-2025.xsd#oef_InformationTechnologySectorMember" xlink:label="InformationTechnologySectorMember"/>
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					<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/oef/2025/oef-2025.xsd#oef_IndustrialSectorMember" xlink:label="IndustrialSectorMember"/>
					<link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="IndustrySectorDomain" xlink:to="IndustrialSectorMember" order="13.0" />
					<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/oef/2025/oef-2025.xsd#oef_ConsumerStaplesSectorMember" xlink:label="ConsumerStaplesSectorMember"/>
					<link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="IndustrySectorDomain" xlink:to="ConsumerStaplesSectorMember" order="14.0" />
					<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/oef/2025/oef-2025.xsd#oef_ConsumerDiscretionarySectorMember" xlink:label="ConsumerDiscretionarySectorMember"/>
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					<link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="IndustrySectorDomain" xlink:to="RealEstateSectorMember" order="16.0" />
					<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_HealthcareSectorMember" xlink:label="HealthcareSectorMember"/>
					<link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="IndustrySectorDomain" xlink:to="HealthcareSectorMember" order="17.0" />
					<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FinancialServicesSectorMember" xlink:label="FinancialServicesSectorMember"/>
					<link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="IndustrySectorDomain" xlink:to="FinancialServicesSectorMember" order="18.0" />
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_WaterAndSewerMember" xlink:label="WaterAndSewerMember"/>
					<link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="IndustrySectorDomain" xlink:to="WaterAndSewerMember" order="19.0" />
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_InsuredMember" xlink:label="InsuredMember"/>
					<link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="IndustrySectorDomain" xlink:to="InsuredMember" order="20.0" />
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_LocalHousingMember" xlink:label="LocalHousingMember"/>
					<link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="IndustrySectorDomain" xlink:to="LocalHousingMember" order="21.0" />
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_GasMember" xlink:label="GasMember"/>
					<link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="IndustrySectorDomain" xlink:to="GasMember" order="22.0" />
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_HousingMember" xlink:label="HousingMember"/>
					<link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="IndustrySectorDomain" xlink:to="HousingMember" order="23.0" />
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_HigherEducationMember" xlink:label="HigherEducationMember"/>
					<link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="IndustrySectorDomain" xlink:to="HigherEducationMember" order="24.0" />
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					<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/oef/2025/oef-2025.xsd#oef_CreditQualityDomain" xlink:label="CreditQualityDomain"/>	
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					<link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="CreditQualityDomain" xlink:to="SP1MIGIShortTermMember" order="2.0" />
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_SP1PlusShortTermMember" xlink:label="SP1PlusShortTermMember"/>
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					<link:loc xlink:type="locator" xlink:href="#ftetfiii_NRMember" xlink:label="NRMember"/>
					<link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="CreditQualityDomain" xlink:to="NRMember" order="4.0" />
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_MIG3ShortTermMember" xlink:label="MIG3ShortTermMember"/>
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					<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd#srt_ExternalCreditRatingFitchMember" xlink:label="ExternalCreditRatingFitchMember"/>
					<link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="CreditQualityDomain" xlink:to="ExternalCreditRatingFitchMember" xbrldt:usable="false" order="1.0"/>
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					<link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="CreditQualityDomain" xlink:to="ExternalCreditRatingMoodysMember" xbrldt:usable="false" order="2.1"/>
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					<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd#srt_ExternalCreditRatingStandardPoorsMember" xlink:label="ExternalCreditRatingStandardPoorsMember"/>
					<link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="CreditQualityDomain" xlink:to="ExternalCreditRatingStandardPoorsMember" xbrldt:usable="false" order="3.1"/>
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					<link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExternalCreditRatingStandardPoorsMember" xlink:to="StandardPoorsBBBRatingMember" order="2.0" />
					<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd#srt_StandardPoorsARatingMember" xlink:label="StandardPoorsARatingMember"/>
					<link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExternalCreditRatingStandardPoorsMember" xlink:to="StandardPoorsARatingMember" order="3.0" />
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					<link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExternalCreditRatingStandardPoorsMember" xlink:to="StandardPoorsAARatingMember" order="4.0" />
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					<link:loc xlink:type="locator" xlink:href="#ftetfiii_OGEEnergyCorpMember" xlink:label="OGEEnergyCorpMember"/>
					<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="LargestHoldingsDomain" xlink:to="OGEEnergyCorpMember" order="22.0"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_IngredionIncMember" xlink:label="IngredionIncMember"/>
					<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="LargestHoldingsDomain" xlink:to="IngredionIncMember" order="23.0"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_NNNREITIncMember" xlink:label="NNNREITIncMember"/>
					<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="LargestHoldingsDomain" xlink:to="NNNREITIncMember" order="24.0"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_EllingtonFinancialIncMember" xlink:label="EllingtonFinancialIncMember"/>
					<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="LargestHoldingsDomain" xlink:to="EllingtonFinancialIncMember" order="25.0"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_IDACORPIncMember" xlink:label="IDACORPIncMember"/>
					<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="LargestHoldingsDomain" xlink:to="IDACORPIncMember" order="26.0"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_AgreeRealtyCorpMember" xlink:label="AgreeRealtyCorpMember"/>
					<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="LargestHoldingsDomain" xlink:to="AgreeRealtyCorpMember" order="27.0"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_FourCornersPropertyTrustIncMember" xlink:label="FourCornersPropertyTrustIncMember"/>
					<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="LargestHoldingsDomain" xlink:to="FourCornersPropertyTrustIncMember" order="28.0"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_StarwoodPropertyTrustIncMember" xlink:label="StarwoodPropertyTrustIncMember"/>
					<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="LargestHoldingsDomain" xlink:to="StarwoodPropertyTrustIncMember" order="29.0"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_HanoverInsuranceGroupTheIncMember" xlink:label="HanoverInsuranceGroupTheIncMember"/>
					<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="LargestHoldingsDomain" xlink:to="HanoverInsuranceGroupTheIncMember" order="30.0"/>
				</link:definitionLink>
				<link:definitionLink xlink:type="extended" xlink:role="http://xbrl.sec.gov/oef/role/SalesLoadOnly">
					<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/oef/2025/oef-2025.xsd#oef_WithSalesLoadMember" xlink:label="WithSalesLoadMember"/>
				</link:definitionLink>
				<link:definitionLink xlink:type="extended" xlink:role="http://fasb.org/us-gaap/role/eedm/ExtensibleEnumerationLists">               
					<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_InvestmentTypeCategorizationMember" xlink:label="InvestmentTypeCategorizationMember"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_DedicatedTaxMember" xlink:label="DedicatedTaxMember"/>
					<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="InvestmentTypeCategorizationMember" xlink:to="DedicatedTaxMember" order="1.0"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_IndustrialDevelopmentBondMember" xlink:label="IndustrialDevelopmentBondMember"/>
					<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="InvestmentTypeCategorizationMember" xlink:to="IndustrialDevelopmentBondMember" order="2.0"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_GovernmentObligationBondLimitedTaxMember" xlink:label="GovernmentObligationBondLimitedTaxMember"/>
					<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="InvestmentTypeCategorizationMember" xlink:to="GovernmentObligationBondLimitedTaxMember" order="3.0"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_GovernmentObligationBondUnlimitedTaxMember" xlink:label="GovernmentObligationBondUnlimitedTaxMember"/>
					<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="InvestmentTypeCategorizationMember" xlink:to="GovernmentObligationBondUnlimitedTaxMember" order="4.0"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_NetOtherAssetsAndLiabilitiesMember" xlink:label="NetOtherAssetsAndLiabilitiesMember"/>
					<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="InvestmentTypeCategorizationMember" xlink:to="NetOtherAssetsAndLiabilitiesMember" order="5.0"/>
					<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_MoneyMarketFundsMember" xlink:label="MoneyMarketFundsMember"/>
					<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="InvestmentTypeCategorizationMember" xlink:to="MoneyMarketFundsMember" order="6.0"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_CertificatesOfParticipationMember" xlink:label="CertificatesOfParticipationMember"/>
					<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="InvestmentTypeCategorizationMember" xlink:to="CertificatesOfParticipationMember" order="7.0"/>
				</link:definitionLink>
				<link:definitionLink xlink:type="extended" xlink:role="http://xbrl.sec.gov/oef/role/BroadBasedIndexOnly">               
					<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/oef/2025/oef-2025.xsd#oef_BroadBasedIndexDomain" xlink:label="BroadBasedIndexDomain"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_MSCIEAFEIndexMember" xlink:label="MSCIEAFEIndexMember"/>
					<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="BroadBasedIndexDomain" xlink:to="MSCIEAFEIndexMember" order="1.0"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_BloombergMunicipalBondIndexMember" xlink:label="BloombergMunicipalBondIndexMember"/>
					<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="BroadBasedIndexDomain" xlink:to="BloombergMunicipalBondIndexMember" order="2.0"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_Russell3000IndexMember" xlink:label="Russell3000IndexMember"/>
					<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="BroadBasedIndexDomain" xlink:to="Russell3000IndexMember" order="3.0"/>
				</link:definitionLink>
				<link:definitionLink xlink:type="extended" xlink:role="http://xbrl.sec.gov/oef/role/AdditionalIndexOnly">              
					<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/oef/2025/oef-2025.xsd#oef_AdditionalIndexDomain" xlink:label="AdditionalIndexDomain"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_BlendedBenchmarkMember" xlink:label="BlendedBenchmarkMember"/>
					<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="AdditionalIndexDomain" xlink:to="BlendedBenchmarkMember" order="1.0"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_Bloomberg10YearCaliforniaExemptIndexMember" xlink:label="Bloomberg10YearCaliforniaExemptIndexMember"/>
					<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="AdditionalIndexDomain" xlink:to="Bloomberg10YearCaliforniaExemptIndexMember" order="2.0"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_BloombergMunicipalShortTermIndexMember" xlink:label="BloombergMunicipalShortTermIndexMember"/>
					<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="AdditionalIndexDomain" xlink:to="BloombergMunicipalShortTermIndexMember" order="3.0"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_BloombergMunicipalShort15YearIndexMember" xlink:label="BloombergMunicipalShort15YearIndexMember"/>
					<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="AdditionalIndexDomain" xlink:to="BloombergMunicipalShort15YearIndexMember" order="4.0"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_ICEBofA3MonthUSTreasuryBillIndexMember" xlink:label="ICEBofA3MonthUSTreasuryBillIndexMember"/>
					<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="AdditionalIndexDomain" xlink:to="ICEBofA3MonthUSTreasuryBillIndexMember" order="5.0"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_SAndP1000IndexMember" xlink:label="SAndP1000IndexMember"/>
					<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="AdditionalIndexDomain" xlink:to="SAndP1000IndexMember" order="6.0"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_BloombergMunicipalNewYork1217YearsIndexMember" xlink:label="BloombergMunicipalNewYork1217YearsIndexMember"/>
					<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="AdditionalIndexDomain" xlink:to="BloombergMunicipalNewYork1217YearsIndexMember" order="7.0"/>
				</link:definitionLink>
				<link:definitionLink xlink:type="extended" xlink:role="http://xbrl.sec.gov/oef/role/MaturityOnly">
					<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/oef/2025/oef-2025.xsd#oef_MaturityDomain" xlink:label="MaturityDomain"/>
				</link:definitionLink>
				<link:definitionLink xlink:type="extended" xlink:role="http://xbrl.sec.gov/oef/role/IndustrySectorOnly">
					<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/oef/2025/oef-2025.xsd#oef_IndustrySectorDomain" xlink:label="IndustrySectorDomain"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_HospitalMember" xlink:label="HospitalMember"/>
					<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="IndustrySectorDomain" xlink:to="HospitalMember" order="1.0"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_AirportMember" xlink:label="AirportMember"/>
					<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="IndustrySectorDomain" xlink:to="AirportMember" order="2.0"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_EducationMember" xlink:label="EducationMember"/>
					<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="IndustrySectorDomain" xlink:to="EducationMember" order="3.0"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_ContinuingCareRetirementCommunitiesMember" xlink:label="ContinuingCareRetirementCommunitiesMember"/>
					<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="IndustrySectorDomain" xlink:to="ContinuingCareRetirementCommunitiesMember" order="4.0"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_SpecialAssessmentMember" xlink:label="SpecialAssessmentMember"/>
					<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="IndustrySectorDomain" xlink:to="SpecialAssessmentMember" order="5.0"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_WaterAndSewerMember" xlink:label="WaterAndSewerMember"/>
					<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="IndustrySectorDomain" xlink:to="WaterAndSewerMember" order="6.0"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_InsuredMember" xlink:label="InsuredMember"/>
					<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="IndustrySectorDomain" xlink:to="InsuredMember" order="7.0"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_LocalHousingMember" xlink:label="LocalHousingMember"/>
					<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="IndustrySectorDomain" xlink:to="LocalHousingMember" order="8.0"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_GasMember" xlink:label="GasMember"/>
					<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="IndustrySectorDomain" xlink:to="GasMember" order="9.0"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_HousingMember" xlink:label="HousingMember"/>
					<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="IndustrySectorDomain" xlink:to="HousingMember" order="10.0"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_HigherEducationMember" xlink:label="HigherEducationMember"/>
					<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="IndustrySectorDomain" xlink:to="HigherEducationMember" order="11.0"/>
				</link:definitionLink>
				<link:definitionLink xlink:type="extended" xlink:role="http://xbrl.sec.gov/oef/role/CreditQualityOnly">
					<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/oef/2025/oef-2025.xsd#oef_CreditQualityDomain" xlink:label="CreditQualityDomain"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_SP1MIGIShortTermMember" xlink:label="SP1MIGIShortTermMember"/>
					<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="CreditQualityDomain" xlink:to="SP1MIGIShortTermMember" order="1.0"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_SP1PlusShortTermMember" xlink:label="SP1PlusShortTermMember"/>
					<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="CreditQualityDomain" xlink:to="SP1PlusShortTermMember" order="2.0"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_NRMember" xlink:label="NRMember"/>
					<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="CreditQualityDomain" xlink:to="NRMember" order="3.0"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_MIG3ShortTermMember" xlink:label="MIG3ShortTermMember"/>
					<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="CreditQualityDomain" xlink:to="MIG3ShortTermMember" order="4.0"/>
				</link:definitionLink>
				<!--GeographicRegionOnly use only for STPR-->
				<link:definitionLink xlink:type="extended" xlink:role="http://xbrl.sec.gov/oef/role/GeographicRegionOnly">
					<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/oef/2025/oef-2025.xsd#oef_GeographicRegionDomain" xlink:label="GeographicRegionDomain"/>
				</link:definitionLink>
				<link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">               
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_HospitalMember" xlink:label="HospitalMember"/>
					<link:label xlink:type="resource" xlink:label="label_HospitalMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Hospital [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HospitalMember" xlink:to="label_HospitalMember"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_DedicatedTaxMember" xlink:label="DedicatedTaxMember"/>
					<link:label xlink:type="resource" xlink:label="label_DedicatedTaxMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Dedicated Tax [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DedicatedTaxMember" xlink:to="label_DedicatedTaxMember"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_AirportMember" xlink:label="AirportMember"/>
					<link:label xlink:type="resource" xlink:label="label_AirportMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Airport [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AirportMember" xlink:to="label_AirportMember"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_IndustrialDevelopmentBondMember" xlink:label="IndustrialDevelopmentBondMember"/>
					<link:label xlink:type="resource" xlink:label="label_IndustrialDevelopmentBondMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Industrial Development Bond [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IndustrialDevelopmentBondMember" xlink:to="label_IndustrialDevelopmentBondMember"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_GovernmentObligationBondLimitedTaxMember" xlink:label="GovernmentObligationBondLimitedTaxMember"/>
					<link:label xlink:type="resource" xlink:label="label_GovernmentObligationBondLimitedTaxMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Government Obligation Bond Limited Tax [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GovernmentObligationBondLimitedTaxMember" xlink:to="label_GovernmentObligationBondLimitedTaxMember"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_EducationMember" xlink:label="EducationMember"/>
					<link:label xlink:type="resource" xlink:label="label_EducationMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Education [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EducationMember" xlink:to="label_EducationMember"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_ContinuingCareRetirementCommunitiesMember" xlink:label="ContinuingCareRetirementCommunitiesMember"/>
					<link:label xlink:type="resource" xlink:label="label_ContinuingCareRetirementCommunitiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Continuing Care Retirement Communities [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContinuingCareRetirementCommunitiesMember" xlink:to="label_ContinuingCareRetirementCommunitiesMember"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_SpecialAssessmentMember" xlink:label="SpecialAssessmentMember"/>
					<link:label xlink:type="resource" xlink:label="label_SpecialAssessmentMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Special Assessment [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SpecialAssessmentMember" xlink:to="label_SpecialAssessmentMember"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_BlendedBenchmarkMember" xlink:label="BlendedBenchmarkMember"/>
					<link:label xlink:type="resource" xlink:label="label_BlendedBenchmarkMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Blended Benchmark [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BlendedBenchmarkMember" xlink:to="label_BlendedBenchmarkMember"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_C000162358Member" xlink:label="C000162358Member"/>
					<link:label xlink:type="resource" xlink:label="label_C000162358Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">C000162358 [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="C000162358Member" xlink:to="label_C000162358Member"/>
										<link:label xlink:type="resource" xlink:label="label_C000162358Member_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Class Composite</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="C000162358Member" xlink:to="label_C000162358Member_2"/>
					<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_EnergySectorMember" xlink:label="EnergySectorMember"/>
					<link:label xlink:type="resource" xlink:label="label_EnergySectorMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Energy Sector [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EnergySectorMember" xlink:to="label_EnergySectorMember"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_C000172840Member" xlink:label="C000172840Member"/>
					<link:label xlink:type="resource" xlink:label="label_C000172840Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">C000172840 [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="C000172840Member" xlink:to="label_C000172840Member"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_CLPHoldingsLtdMember" xlink:label="CLPHoldingsLtdMember"/>
					<link:label xlink:type="resource" xlink:label="label_CLPHoldingsLtdMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">CLP Holdings Ltd [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CLPHoldingsLtdMember" xlink:to="label_CLPHoldingsLtdMember"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_CapitaLandAscendasREITMember" xlink:label="CapitaLandAscendasREITMember"/>
					<link:label xlink:type="resource" xlink:label="label_CapitaLandAscendasREITMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">CapitaLand Ascendas REIT [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CapitaLandAscendasREITMember" xlink:to="label_CapitaLandAscendasREITMember"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_TelstraGroupLtdMember" xlink:label="TelstraGroupLtdMember"/>
					<link:label xlink:type="resource" xlink:label="label_TelstraGroupLtdMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Telstra Group Ltd [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TelstraGroupLtdMember" xlink:to="label_TelstraGroupLtdMember"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_CapitaLandIntegratedCommercialTrustMember" xlink:label="CapitaLandIntegratedCommercialTrustMember"/>
					<link:label xlink:type="resource" xlink:label="label_CapitaLandIntegratedCommercialTrustMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">CapitaLand Integrated Commercial Trust [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CapitaLandIntegratedCommercialTrustMember" xlink:to="label_CapitaLandIntegratedCommercialTrustMember"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_HongKongAndChinaGasCoLtdMember" xlink:label="HongKongAndChinaGasCoLtdMember"/>
					<link:label xlink:type="resource" xlink:label="label_HongKongAndChinaGasCoLtdMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Hong Kong And China Gas Co Ltd [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HongKongAndChinaGasCoLtdMember" xlink:to="label_HongKongAndChinaGasCoLtdMember"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_OverseaChineseBankingCorpLtdMember" xlink:label="OverseaChineseBankingCorpLtdMember"/>
					<link:label xlink:type="resource" xlink:label="label_OverseaChineseBankingCorpLtdMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Oversea Chinese Banking Corp Ltd [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OverseaChineseBankingCorpLtdMember" xlink:to="label_OverseaChineseBankingCorpLtdMember"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_UnitedOverseasBankLtdMember" xlink:label="UnitedOverseasBankLtdMember"/>
					<link:label xlink:type="resource" xlink:label="label_UnitedOverseasBankLtdMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">United Overseas Bank Ltd [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UnitedOverseasBankLtdMember" xlink:to="label_UnitedOverseasBankLtdMember"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_KlepierreSAMember" xlink:label="KlepierreSAMember"/>
					<link:label xlink:type="resource" xlink:label="label_KlepierreSAMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Klepierre S A [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="KlepierreSAMember" xlink:to="label_KlepierreSAMember"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_DBSGroupHoldingsLtdMember" xlink:label="DBSGroupHoldingsLtdMember"/>
					<link:label xlink:type="resource" xlink:label="label_DBSGroupHoldingsLtdMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">DBS Group Holdings Ltd [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DBSGroupHoldingsLtdMember" xlink:to="label_DBSGroupHoldingsLtdMember"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_SoftBankCorpMember" xlink:label="SoftBankCorpMember"/>
					<link:label xlink:type="resource" xlink:label="label_SoftBankCorpMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">SoftBank Corp [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SoftBankCorpMember" xlink:to="label_SoftBankCorpMember"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_MSCIEAFEIndexMember" xlink:label="MSCIEAFEIndexMember"/>
					<link:label xlink:type="resource" xlink:label="label_MSCIEAFEIndexMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">MSCI EAFE Index [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MSCIEAFEIndexMember" xlink:to="label_MSCIEAFEIndexMember"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_RealtyIncomeCorpMember" xlink:label="RealtyIncomeCorpMember"/>
					<link:label xlink:type="resource" xlink:label="label_RealtyIncomeCorpMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Realty Income Corp [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RealtyIncomeCorpMember" xlink:to="label_RealtyIncomeCorpMember"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_CocaColaTheCoMember" xlink:label="CocaColaTheCoMember"/>
					<link:label xlink:type="resource" xlink:label="label_CocaColaTheCoMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Coca Cola The Co [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CocaColaTheCoMember" xlink:to="label_CocaColaTheCoMember"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_MotorolaSolutionsIncMember" xlink:label="MotorolaSolutionsIncMember"/>
					<link:label xlink:type="resource" xlink:label="label_MotorolaSolutionsIncMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Motorola Solutions Inc [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MotorolaSolutionsIncMember" xlink:to="label_MotorolaSolutionsIncMember"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_TeledyneTechnologiesIncMember" xlink:label="TeledyneTechnologiesIncMember"/>
					<link:label xlink:type="resource" xlink:label="label_TeledyneTechnologiesIncMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Teledyne Technologies Inc [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TeledyneTechnologiesIncMember" xlink:to="label_TeledyneTechnologiesIncMember"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_RoperTechnologiesIncMember" xlink:label="RoperTechnologiesIncMember"/>
					<link:label xlink:type="resource" xlink:label="label_RoperTechnologiesIncMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Roper Technologies Inc [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RoperTechnologiesIncMember" xlink:to="label_RoperTechnologiesIncMember"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_MicrosoftCorpMember" xlink:label="MicrosoftCorpMember"/>
					<link:label xlink:type="resource" xlink:label="label_MicrosoftCorpMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Microsoft Corp [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MicrosoftCorpMember" xlink:to="label_MicrosoftCorpMember"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_AppleIncMember" xlink:label="AppleIncMember"/>
					<link:label xlink:type="resource" xlink:label="label_AppleIncMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Apple Inc [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AppleIncMember" xlink:to="label_AppleIncMember"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_VeriSignIncMember" xlink:label="VeriSignIncMember"/>
					<link:label xlink:type="resource" xlink:label="label_VeriSignIncMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">VeriSign Inc [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VeriSignIncMember" xlink:to="label_VeriSignIncMember"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_GenDigitalIncMember" xlink:label="GenDigitalIncMember"/>
					<link:label xlink:type="resource" xlink:label="label_GenDigitalIncMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Gen Digital Inc [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GenDigitalIncMember" xlink:to="label_GenDigitalIncMember"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_CiscoSystemsIncMember" xlink:label="CiscoSystemsIncMember"/>
					<link:label xlink:type="resource" xlink:label="label_CiscoSystemsIncMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Cisco Systems Inc [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CiscoSystemsIncMember" xlink:to="label_CiscoSystemsIncMember"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_C000172841Member" xlink:label="C000172841Member"/>
					<link:label xlink:type="resource" xlink:label="label_C000172841Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">C000172841 [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="C000172841Member" xlink:to="label_C000172841Member"/>
					<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_StandardPoors500IndexMember" xlink:label="StandardPoors500IndexMember"/>
					<link:label xlink:type="resource" xlink:label="label_StandardPoors500IndexMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Standard &amp; Poor&apos;s 500 Index [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StandardPoors500IndexMember" xlink:to="label_StandardPoors500IndexMember"/>
					<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_RealEstateSectorMember" xlink:label="RealEstateSectorMember"/>
					<link:label xlink:type="resource" xlink:label="label_RealEstateSectorMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Real Estate Sector [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RealEstateSectorMember" xlink:to="label_RealEstateSectorMember"/>
					<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_HealthcareSectorMember" xlink:label="HealthcareSectorMember"/>
					<link:label xlink:type="resource" xlink:label="label_HealthcareSectorMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Healthcare Sector [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HealthcareSectorMember" xlink:to="label_HealthcareSectorMember"/>
					<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FinancialServicesSectorMember" xlink:label="FinancialServicesSectorMember"/>
					<link:label xlink:type="resource" xlink:label="label_FinancialServicesSectorMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Financial Services Sector [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialServicesSectorMember" xlink:to="label_FinancialServicesSectorMember"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_C000187865Member" xlink:label="C000187865Member"/>
					<link:label xlink:type="resource" xlink:label="label_C000187865Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">C000187865 [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="C000187865Member" xlink:to="label_C000187865Member"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_WaterAndSewerMember" xlink:label="WaterAndSewerMember"/>
					<link:label xlink:type="resource" xlink:label="label_WaterAndSewerMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Water And Sewer [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WaterAndSewerMember" xlink:to="label_WaterAndSewerMember"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_Bloomberg10YearCaliforniaExemptIndexMember" xlink:label="Bloomberg10YearCaliforniaExemptIndexMember"/>
					<link:label xlink:type="resource" xlink:label="label_Bloomberg10YearCaliforniaExemptIndexMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Bloomberg 10 Year California Exempt Index [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Bloomberg10YearCaliforniaExemptIndexMember" xlink:to="label_Bloomberg10YearCaliforniaExemptIndexMember"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_BloombergMunicipalBondIndexMember" xlink:label="BloombergMunicipalBondIndexMember"/>
					<link:label xlink:type="resource" xlink:label="label_BloombergMunicipalBondIndexMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Bloomberg Municipal Bond Index [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BloombergMunicipalBondIndexMember" xlink:to="label_BloombergMunicipalBondIndexMember"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_SP1MIGIShortTermMember" xlink:label="SP1MIGIShortTermMember"/>
					<link:label xlink:type="resource" xlink:label="label_SP1MIGIShortTermMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">SP 1 MIGI short term [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SP1MIGIShortTermMember" xlink:to="label_SP1MIGIShortTermMember"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_SP1PlusShortTermMember" xlink:label="SP1PlusShortTermMember"/>
					<link:label xlink:type="resource" xlink:label="label_SP1PlusShortTermMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">SP 1 Plus short term [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SP1PlusShortTermMember" xlink:to="label_SP1PlusShortTermMember"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_NRMember" xlink:label="NRMember"/>
					<link:label xlink:type="resource" xlink:label="label_NRMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">NR [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NRMember" xlink:to="label_NRMember"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_InsuredMember" xlink:label="InsuredMember"/>
					<link:label xlink:type="resource" xlink:label="label_InsuredMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Insured [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InsuredMember" xlink:to="label_InsuredMember"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_LocalHousingMember" xlink:label="LocalHousingMember"/>
					<link:label xlink:type="resource" xlink:label="label_LocalHousingMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Local Housing [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LocalHousingMember" xlink:to="label_LocalHousingMember"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_GovernmentObligationBondUnlimitedTaxMember" xlink:label="GovernmentObligationBondUnlimitedTaxMember"/>
					<link:label xlink:type="resource" xlink:label="label_GovernmentObligationBondUnlimitedTaxMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Government Obligation Bond Unlimited Tax [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GovernmentObligationBondUnlimitedTaxMember" xlink:to="label_GovernmentObligationBondUnlimitedTaxMember"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_BloombergMunicipalShortTermIndexMember" xlink:label="BloombergMunicipalShortTermIndexMember"/>
					<link:label xlink:type="resource" xlink:label="label_BloombergMunicipalShortTermIndexMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Bloomberg Municipal Short Term Index [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BloombergMunicipalShortTermIndexMember" xlink:to="label_BloombergMunicipalShortTermIndexMember"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_C000205579Member" xlink:label="C000205579Member"/>
					<link:label xlink:type="resource" xlink:label="label_C000205579Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">C000205579 [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="C000205579Member" xlink:to="label_C000205579Member"/>
					<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd#srt_StandardPoorsBBRatingMember" xlink:label="StandardPoorsBBRatingMember"/>
					<link:label xlink:type="resource" xlink:label="label_StandardPoorsBBRatingMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Standard &amp; Poor&apos;s, BB Rating [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StandardPoorsBBRatingMember" xlink:to="label_StandardPoorsBBRatingMember"/>
					<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd#srt_StandardPoorsBBBRatingMember" xlink:label="StandardPoorsBBBRatingMember"/>
					<link:label xlink:type="resource" xlink:label="label_StandardPoorsBBBRatingMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Standard &amp; Poor&apos;s, BBB Rating [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StandardPoorsBBBRatingMember" xlink:to="label_StandardPoorsBBBRatingMember"/>
					<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd#srt_StandardPoorsARatingMember" xlink:label="StandardPoorsARatingMember"/>
					<link:label xlink:type="resource" xlink:label="label_StandardPoorsARatingMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Standard &amp; Poor&apos;s, A Rating [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StandardPoorsARatingMember" xlink:to="label_StandardPoorsARatingMember"/>
					<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd#srt_StandardPoorsAARatingMember" xlink:label="StandardPoorsAARatingMember"/>
					<link:label xlink:type="resource" xlink:label="label_StandardPoorsAARatingMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Standard &amp; Poor&apos;s, AA Rating [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StandardPoorsAARatingMember" xlink:to="label_StandardPoorsAARatingMember"/>
					<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd#srt_StandardPoorsAAARatingMember" xlink:label="StandardPoorsAAARatingMember"/>
					<link:label xlink:type="resource" xlink:label="label_StandardPoorsAAARatingMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Standard &amp; Poor&apos;s, AAA Rating [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StandardPoorsAAARatingMember" xlink:to="label_StandardPoorsAAARatingMember"/>
					<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd#srt_StandardPoorsBRatingMember" xlink:label="StandardPoorsBRatingMember"/>
					<link:label xlink:type="resource" xlink:label="label_StandardPoorsBRatingMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Standard &amp; Poor&apos;s, B Rating [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StandardPoorsBRatingMember" xlink:to="label_StandardPoorsBRatingMember"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_C000205581Member" xlink:label="C000205581Member"/>
					<link:label xlink:type="resource" xlink:label="label_C000205581Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">C000205581 [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="C000205581Member" xlink:to="label_C000205581Member"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_BloombergMunicipalShort15YearIndexMember" xlink:label="BloombergMunicipalShort15YearIndexMember"/>
					<link:label xlink:type="resource" xlink:label="label_BloombergMunicipalShort15YearIndexMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Bloomberg Municipal Short 1 5 Year Index [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BloombergMunicipalShort15YearIndexMember" xlink:to="label_BloombergMunicipalShort15YearIndexMember"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_MIG3ShortTermMember" xlink:label="MIG3ShortTermMember"/>
					<link:label xlink:type="resource" xlink:label="label_MIG3ShortTermMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">MIG3 short term [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MIG3ShortTermMember" xlink:to="label_MIG3ShortTermMember"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_GasMember" xlink:label="GasMember"/>
					<link:label xlink:type="resource" xlink:label="label_GasMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Gas [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GasMember" xlink:to="label_GasMember"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_HousingMember" xlink:label="HousingMember"/>
					<link:label xlink:type="resource" xlink:label="label_HousingMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Housing [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HousingMember" xlink:to="label_HousingMember"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_ICEBofA3MonthUSTreasuryBillIndexMember" xlink:label="ICEBofA3MonthUSTreasuryBillIndexMember"/>
					<link:label xlink:type="resource" xlink:label="label_ICEBofA3MonthUSTreasuryBillIndexMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">ICE BofA 3 month U S Treasury Bill Index [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ICEBofA3MonthUSTreasuryBillIndexMember" xlink:to="label_ICEBofA3MonthUSTreasuryBillIndexMember"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_NetOtherAssetsAndLiabilitiesMember" xlink:label="NetOtherAssetsAndLiabilitiesMember"/>
					<link:label xlink:type="resource" xlink:label="label_NetOtherAssetsAndLiabilitiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Net Other Assets and Liabilities [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetOtherAssetsAndLiabilitiesMember" xlink:to="label_NetOtherAssetsAndLiabilitiesMember"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_C000216993Member" xlink:label="C000216993Member"/>
					<link:label xlink:type="resource" xlink:label="label_C000216993Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">C000216993 [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="C000216993Member" xlink:to="label_C000216993Member"/>
					<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_MoneyMarketFundsMember" xlink:label="MoneyMarketFundsMember"/>
					<link:label xlink:type="resource" xlink:label="label_MoneyMarketFundsMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Money Market Funds [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MoneyMarketFundsMember" xlink:to="label_MoneyMarketFundsMember"/>
					<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_RightsMember" xlink:label="RightsMember"/>
					<link:label xlink:type="resource" xlink:label="label_RightsMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Rights [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RightsMember" xlink:to="label_RightsMember"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_C000218390Member" xlink:label="C000218390Member"/>
					<link:label xlink:type="resource" xlink:label="label_C000218390Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">C000218390 [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="C000218390Member" xlink:to="label_C000218390Member"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_PhillipsEdisonAndCoIncMember" xlink:label="PhillipsEdisonAndCoIncMember"/>
					<link:label xlink:type="resource" xlink:label="label_PhillipsEdisonAndCoIncMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Phillips Edison And Co Inc [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PhillipsEdisonAndCoIncMember" xlink:to="label_PhillipsEdisonAndCoIncMember"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_OGEEnergyCorpMember" xlink:label="OGEEnergyCorpMember"/>
					<link:label xlink:type="resource" xlink:label="label_OGEEnergyCorpMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">OGE Energy Corp [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OGEEnergyCorpMember" xlink:to="label_OGEEnergyCorpMember"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_IngredionIncMember" xlink:label="IngredionIncMember"/>
					<link:label xlink:type="resource" xlink:label="label_IngredionIncMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Ingredion Inc [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IngredionIncMember" xlink:to="label_IngredionIncMember"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_NNNREITIncMember" xlink:label="NNNREITIncMember"/>
					<link:label xlink:type="resource" xlink:label="label_NNNREITIncMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">NNN REIT Inc [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NNNREITIncMember" xlink:to="label_NNNREITIncMember"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_EllingtonFinancialIncMember" xlink:label="EllingtonFinancialIncMember"/>
					<link:label xlink:type="resource" xlink:label="label_EllingtonFinancialIncMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Ellington Financial Inc [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EllingtonFinancialIncMember" xlink:to="label_EllingtonFinancialIncMember"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_IDACORPIncMember" xlink:label="IDACORPIncMember"/>
					<link:label xlink:type="resource" xlink:label="label_IDACORPIncMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">IDACORP Inc [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IDACORPIncMember" xlink:to="label_IDACORPIncMember"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_AgreeRealtyCorpMember" xlink:label="AgreeRealtyCorpMember"/>
					<link:label xlink:type="resource" xlink:label="label_AgreeRealtyCorpMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Agree Realty Corp [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AgreeRealtyCorpMember" xlink:to="label_AgreeRealtyCorpMember"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_FourCornersPropertyTrustIncMember" xlink:label="FourCornersPropertyTrustIncMember"/>
					<link:label xlink:type="resource" xlink:label="label_FourCornersPropertyTrustIncMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Four Corners Property Trust Inc [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FourCornersPropertyTrustIncMember" xlink:to="label_FourCornersPropertyTrustIncMember"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_StarwoodPropertyTrustIncMember" xlink:label="StarwoodPropertyTrustIncMember"/>
					<link:label xlink:type="resource" xlink:label="label_StarwoodPropertyTrustIncMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Starwood Property Trust Inc [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StarwoodPropertyTrustIncMember" xlink:to="label_StarwoodPropertyTrustIncMember"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_HanoverInsuranceGroupTheIncMember" xlink:label="HanoverInsuranceGroupTheIncMember"/>
					<link:label xlink:type="resource" xlink:label="label_HanoverInsuranceGroupTheIncMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Hanover Insurance Group The Inc [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HanoverInsuranceGroupTheIncMember" xlink:to="label_HanoverInsuranceGroupTheIncMember"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_SAndP1000IndexMember" xlink:label="SAndP1000IndexMember"/>
					<link:label xlink:type="resource" xlink:label="label_SAndP1000IndexMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">S and P 1000 Index [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SAndP1000IndexMember" xlink:to="label_SAndP1000IndexMember"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_Russell3000IndexMember" xlink:label="Russell3000IndexMember"/>
					<link:label xlink:type="resource" xlink:label="label_Russell3000IndexMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Russell 3000 Index [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Russell3000IndexMember" xlink:to="label_Russell3000IndexMember"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_CertificatesOfParticipationMember" xlink:label="CertificatesOfParticipationMember"/>
					<link:label xlink:type="resource" xlink:label="label_CertificatesOfParticipationMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Certificates of Participation [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CertificatesOfParticipationMember" xlink:to="label_CertificatesOfParticipationMember"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_HigherEducationMember" xlink:label="HigherEducationMember"/>
					<link:label xlink:type="resource" xlink:label="label_HigherEducationMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Higher Education [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HigherEducationMember" xlink:to="label_HigherEducationMember"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_BloombergMunicipalNewYork1217YearsIndexMember" xlink:label="BloombergMunicipalNewYork1217YearsIndexMember"/>
					<link:label xlink:type="resource" xlink:label="label_BloombergMunicipalNewYork1217YearsIndexMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Bloomberg Municipal New York 12 17 Years Index [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BloombergMunicipalNewYork1217YearsIndexMember" xlink:to="label_BloombergMunicipalNewYork1217YearsIndexMember"/>
					<link:loc xlink:type="locator" xlink:href="#ftetfiii_C000223991Member" xlink:label="C000223991Member"/>
					<link:label xlink:type="resource" xlink:label="label_C000223991Member" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">C000223991 [Member]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="C000223991Member" xlink:to="label_C000223991Member"/>
					<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_InvestmentTypeAxis" xlink:label="InvestmentTypeAxis"/>
					<link:label xlink:type="resource" xlink:label="label_InvestmentTypeAxis" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Investment Type [Axis]</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentTypeAxis" xlink:to="label_InvestmentTypeAxis" priority="1"/>
					<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_AssetsNet" xlink:label="AssetsNet"/>
					<link:label xlink:type="resource" xlink:label="label_AssetsNet" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Net Assets</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AssetsNet" xlink:to="label_AssetsNet" priority="1"/>
					<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_InvestmentCompanyPortfolioTurnover" xlink:label="InvestmentCompanyPortfolioTurnover"/>
					<link:label xlink:type="resource" xlink:label="label_InvestmentCompanyPortfolioTurnover" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Investment Company Portfolio Turnover</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentCompanyPortfolioTurnover" xlink:to="label_InvestmentCompanyPortfolioTurnover" priority="1"/>                
					<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_NoTradingSymbolFlag" xlink:label="dei_NoTradingSymbolFlag"/>
					<link:label xlink:type="resource" xlink:label="label_NoTradingSymbolFlag" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">No Trading Symbol Flag</link:label>
					<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_NoTradingSymbolFlag" xlink:to="label_NoTradingSymbolFlag" priority="1"/>		
				</link:labelLink>
			</link:linkbase>
		</appinfo>
	</annotation>   
	<element name="HospitalMember" id="ftetfiii_HospitalMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<element name="DedicatedTaxMember" id="ftetfiii_DedicatedTaxMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<element name="AirportMember" id="ftetfiii_AirportMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<element name="IndustrialDevelopmentBondMember" id="ftetfiii_IndustrialDevelopmentBondMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<element name="GovernmentObligationBondLimitedTaxMember" id="ftetfiii_GovernmentObligationBondLimitedTaxMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<element name="EducationMember" id="ftetfiii_EducationMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<element name="ContinuingCareRetirementCommunitiesMember" id="ftetfiii_ContinuingCareRetirementCommunitiesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<element name="SpecialAssessmentMember" id="ftetfiii_SpecialAssessmentMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<element name="BlendedBenchmarkMember" id="ftetfiii_BlendedBenchmarkMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<element name="C000162358Member" id="ftetfiii_C000162358Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<element name="C000172840Member" id="ftetfiii_C000172840Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<element name="CLPHoldingsLtdMember" id="ftetfiii_CLPHoldingsLtdMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<element name="CapitaLandAscendasREITMember" id="ftetfiii_CapitaLandAscendasREITMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<element name="TelstraGroupLtdMember" id="ftetfiii_TelstraGroupLtdMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<element name="CapitaLandIntegratedCommercialTrustMember" id="ftetfiii_CapitaLandIntegratedCommercialTrustMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<element name="HongKongAndChinaGasCoLtdMember" id="ftetfiii_HongKongAndChinaGasCoLtdMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<element name="OverseaChineseBankingCorpLtdMember" id="ftetfiii_OverseaChineseBankingCorpLtdMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<element name="UnitedOverseasBankLtdMember" id="ftetfiii_UnitedOverseasBankLtdMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<element name="KlepierreSAMember" id="ftetfiii_KlepierreSAMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<element name="DBSGroupHoldingsLtdMember" id="ftetfiii_DBSGroupHoldingsLtdMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<element name="SoftBankCorpMember" id="ftetfiii_SoftBankCorpMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<element name="MSCIEAFEIndexMember" id="ftetfiii_MSCIEAFEIndexMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<element name="RealtyIncomeCorpMember" id="ftetfiii_RealtyIncomeCorpMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<element name="CocaColaTheCoMember" id="ftetfiii_CocaColaTheCoMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<element name="MotorolaSolutionsIncMember" id="ftetfiii_MotorolaSolutionsIncMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<element name="TeledyneTechnologiesIncMember" id="ftetfiii_TeledyneTechnologiesIncMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<element name="RoperTechnologiesIncMember" id="ftetfiii_RoperTechnologiesIncMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<element name="MicrosoftCorpMember" id="ftetfiii_MicrosoftCorpMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<element name="AppleIncMember" id="ftetfiii_AppleIncMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<element name="VeriSignIncMember" id="ftetfiii_VeriSignIncMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<element name="GenDigitalIncMember" id="ftetfiii_GenDigitalIncMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<element name="CiscoSystemsIncMember" id="ftetfiii_CiscoSystemsIncMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<element name="C000172841Member" id="ftetfiii_C000172841Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<element name="C000187865Member" id="ftetfiii_C000187865Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<element name="WaterAndSewerMember" id="ftetfiii_WaterAndSewerMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<element name="Bloomberg10YearCaliforniaExemptIndexMember" id="ftetfiii_Bloomberg10YearCaliforniaExemptIndexMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<element name="BloombergMunicipalBondIndexMember" id="ftetfiii_BloombergMunicipalBondIndexMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<element name="SP1MIGIShortTermMember" id="ftetfiii_SP1MIGIShortTermMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<element name="SP1PlusShortTermMember" id="ftetfiii_SP1PlusShortTermMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<element name="NRMember" id="ftetfiii_NRMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<element name="InsuredMember" id="ftetfiii_InsuredMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<element name="LocalHousingMember" id="ftetfiii_LocalHousingMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<element name="GovernmentObligationBondUnlimitedTaxMember" id="ftetfiii_GovernmentObligationBondUnlimitedTaxMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<element name="BloombergMunicipalShortTermIndexMember" id="ftetfiii_BloombergMunicipalShortTermIndexMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<element name="C000205579Member" id="ftetfiii_C000205579Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<element name="C000205581Member" id="ftetfiii_C000205581Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<element name="BloombergMunicipalShort15YearIndexMember" id="ftetfiii_BloombergMunicipalShort15YearIndexMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<element name="MIG3ShortTermMember" id="ftetfiii_MIG3ShortTermMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<element name="GasMember" id="ftetfiii_GasMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<element name="HousingMember" id="ftetfiii_HousingMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<element name="ICEBofA3MonthUSTreasuryBillIndexMember" id="ftetfiii_ICEBofA3MonthUSTreasuryBillIndexMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<element name="NetOtherAssetsAndLiabilitiesMember" id="ftetfiii_NetOtherAssetsAndLiabilitiesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<element name="C000216993Member" id="ftetfiii_C000216993Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<element name="C000218390Member" id="ftetfiii_C000218390Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<element name="PhillipsEdisonAndCoIncMember" id="ftetfiii_PhillipsEdisonAndCoIncMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<element name="OGEEnergyCorpMember" id="ftetfiii_OGEEnergyCorpMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<element name="IngredionIncMember" id="ftetfiii_IngredionIncMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<element name="NNNREITIncMember" id="ftetfiii_NNNREITIncMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<element name="EllingtonFinancialIncMember" id="ftetfiii_EllingtonFinancialIncMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<element name="IDACORPIncMember" id="ftetfiii_IDACORPIncMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<element name="AgreeRealtyCorpMember" id="ftetfiii_AgreeRealtyCorpMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<element name="FourCornersPropertyTrustIncMember" id="ftetfiii_FourCornersPropertyTrustIncMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<element name="StarwoodPropertyTrustIncMember" id="ftetfiii_StarwoodPropertyTrustIncMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<element name="HanoverInsuranceGroupTheIncMember" id="ftetfiii_HanoverInsuranceGroupTheIncMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<element name="SAndP1000IndexMember" id="ftetfiii_SAndP1000IndexMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<element name="Russell3000IndexMember" id="ftetfiii_Russell3000IndexMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<element name="CertificatesOfParticipationMember" id="ftetfiii_CertificatesOfParticipationMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<element name="HigherEducationMember" id="ftetfiii_HigherEducationMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<element name="BloombergMunicipalNewYork1217YearsIndexMember" id="ftetfiii_BloombergMunicipalNewYork1217YearsIndexMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<element name="C000223991Member" id="ftetfiii_C000223991Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
</schema>
