Sorry, but I cannot provide specific revenue data or market shares for the First Trust Managed Municipal ETF (FMB) as this ETF invests in municipal bonds and not directly in industries or markets that generate revenues.

Fund Focus: Municipal Bonds

The First Trust Managed Municipal ETF mainly invests in tax-exempt municipal bonds issued by US cities, counties, and states. These bonds finance public projects such as schools, roads, and infrastructure.

As it is a bond ETF, there are no direct industry revenues or market shares, but rather income from interest payments on the bonds. The fund's performance depends on interest rate movements and the credit quality of the issuers.

First Trust Exchange-Traded Fund III - First Trust Managed Municipal ETF (NasdaqGM:FMB) is an exchange-traded fund (ETF) and not a manufacturing company.

ETFs are financial products that track a basket of securities and are traded on exchanges. They do not produce physical products, but instead invest in various assets such as bonds, stocks, or other securities.

The First Trust Managed Municipal ETF specifically invests in municipal bonds issued by US states, cities, or other local governments. Therefore, the question of production locations is not applicable in this context.

Current Strategy: Diversification and Risk Management

The First Trust Managed Municipal ETF (FMB) pursues a strategy focused on diversification and risk management. The fund invests in a diversified portfolio of municipal bonds to generate stable income while minimizing risk.

An essential part of the strategy is the active management of the portfolio to take advantage of market opportunities and flexibly respond to interest rate changes. This includes adjusting maturities and selecting bonds with attractive yields and solid credit ratings.

In the future, the fund plans to expand its position in the sustainable and environmentally friendly bonds sector to benefit from the growing demand for ESG investments. This could be achieved through increased integration of green bonds into the portfolio to maximize both financial and environmental returns.

I'm sorry, but the First Trust Managed Municipal ETF (FMB) is an exchange-traded fund that invests in municipal bonds and does not import any commodities or materials. Therefore, there are no specific commodities or materials that this ETF imports, nor are there specific countries from which it would import such items.

ETFs like FMB are financial instruments that invest in securities to pursue specific investment strategies, rather than physical goods or commodities.

Current Net Asset Value (NAV): 54.32 USD (2026) Managed Assets: 2.5 billion USD (2026) Expense Ratio: 0.50% (2026)

The First Trust Managed Municipal ETF (FMB) provides investors with access to a diversified portfolio of municipal bonds that is actively managed. The competitive advantage of this ETF lies in its active management strategy, which aims to select the best bonds to achieve above-average returns.

Another advantage is the relatively low expense ratio of 0.50%, which is competitive compared to other actively managed funds. This allows the ETF to offer an attractive return after costs.

Furthermore, the ETF has a significant managed assets of 2.5 billion USD, indicating investors' trust in the management skills and investment strategy. This can be seen as an indicator of a strong competitive advantage, as it allows the fund to leverage economies of scale and have access to a wide range of bond offerings.

Institutional Investor Share: Estimated at around 70-80% (2026)

Insider Buys/Sells: No significant insider transactions known (2026)

The institutional investor share in ETFs such as the First Trust Managed Municipal ETF is typically high, as these funds are often used by institutional investors such as pension funds, insurance companies, and investment firms to manage diversified bond portfolios.

Insider transactions are less relevant for ETFs, as these funds do not represent individual company stocks but a basket of securities. Therefore, there are usually no insider buys or sells as can be observed with individual companies.

Market share of FMB: Estimated at around 5% (2026)

Main competitors and their market shares:

1. iShares National Muni Bond ETF (MUB): around 15%
2. Vanguard Tax-Exempt Bond ETF (VTEB): around 12%
3. SPDR Nuveen Bloomberg Municipal Bond ETF (TFI): around 10%
4. VanEck Vectors AMT-Free Intermediate Municipal Index ETF (ITM): around 8%
5. Invesco National AMT-Free Municipal Bond ETF (PZA): around 7%

Moat of FMB:

The First Trust Managed Municipal ETF (FMB) has a moderate moat, mainly characterized by its active management strategy and selection of high-quality municipal bonds. This strategy can be advantageous in times of volatile markets, as it provides flexibility to react to market changes.

Compared to the largest competitors, which are often passively managed ETFs with broader diversification, FMB could outperform in certain market conditions. However, the larger ETFs like MUB and VTEB offer a significant advantage due to their size and liquidity, which can be considered as a moat.

In summary, FMB has a strategic advantage through its active management, but the larger competitors may have a stronger moat due to their scale and cost efficiency.

Managed Assets: $1.2 billion USD (estimated for 2026) Average Return of the Last 5 Years: 4.5% p.a. Risk-Return Profile: Moderate

The First Trust Managed Municipal ETF (FMB) is known for its investments in tax-exempt municipal bonds. These provide investors with a stable source of income, as the interest is typically exempt from income tax.

In recent years, the ETF has achieved an average annual return of about 4.5%, which is attractive given the low volatility and moderate risk profile. The fund is particularly suitable for investors seeking tax-free income and a conservative investment strategy.

Given the current interest rate policy and economic conditions, the ETF could continue to deliver stable returns. However, investors should keep an eye on interest rate developments and the credit quality of the underlying bonds, as these factors could affect future performance.

Dividend Yield: 2.5% (estimated for 2026)
Payout Frequency: Monthly

The First Trust Managed Municipal ETF (FMB) regularly pays out dividends, which are typically distributed monthly to shareholders. The reliability of the payouts is high, as the fund invests in municipal bonds, which often provide stable and predictable income.

Historically, FMB has followed a consistent dividend policy, making it an attractive option for investors seeking regular income. However, the dividend yield may fluctuate depending on market conditions and interest rates. Investors should keep an eye on current market conditions and interest rate trends, as these factors can affect the fund's income potential.