BlackRock National Municipal Fund Investor A (MDNLX)
10.05
0.00 (0.00%)
USD |
Jan 12 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 0.68% | 5.816B | -- | 46.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| -1.568B | 4.33% | Upgrade | Upgrade |
Basic Info
| Investment Strategy | |
| The Fund seeks a high level of income exempt from federal income taxes as is consistent with the investment policies of the Fund. The Fund invests, under normal circumstances, at least 80% of its assets in municipal bonds and the Fund will usually invest in municipal bonds that have a maturity of five years or more. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Municipal Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Municipal |
| Peer Group | General & Insured Municipal Debt Funds |
| Global Macro | Bond HC |
| US Macro | National Municipal Debt Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | General & Insured Municipal Debt Funds |
| Fund Owner Firm Name | BlackRock |
| Broad Asset Class Benchmark Index | |
| ^BBMBTR | 100.0% |
Net Fund Flows Versus Peer Group
1 Month
% Rank:
97
-236.84M
Peer Group Low
695.75M
Peer Group High
1 Year
% Rank:
100
-1.568B
-1.568B
Peer Group Low
6.516B
Peer Group High
3 Months
% Rank:
95
-330.09M
Peer Group Low
2.452B
Peer Group High
3 Years
% Rank:
100
-4.735B
Peer Group Low
17.77B
Peer Group High
6 Months
% Rank:
98
-472.58M
Peer Group Low
3.776B
Peer Group High
5 Years
% Rank:
100
-7.473B
Peer Group Low
34.92B
Peer Group High
YTD
% Rank:
--
1.253M
Peer Group Low
30.06M
Peer Group High
10 Years
% Rank:
91
-7.216B
Peer Group Low
45.31B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of January 13, 2026.
Asset Allocation
As of July 31, 2025.
| Type | % Net |
|---|---|
| Cash | -2.16% |
| Stock | 0.00% |
| Bond | 102.0% |
| Convertible | 0.00% |
| Preferred | 0.11% |
| Other | 0.01% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| BlackRock Liquidity MuniCash Inst | 2.40% | 1.000 | 0.00% |
| SOUTHEAST ENERGY AUTH COMMODITY SUPPLY REV ALA AL 4.000 11/01/2051 | 1.71% | 101.98 | 0.05% |
| SAN FRANCISCO CALIF CITY & CNTY PUB UTILS COMMN WASTEWATER REV CA 1.000 10/01/2026 | 1.66% | -- | -- |
| ENERGY SOUTHEAST ALA COOP DIST ENERGY SUPPLY REV AL 5.500 11/01/2053 | 1.61% | 110.04 | 0.00% |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV GA 5.000 09/01/2053 | 1.60% | 106.68 | 0.58% |
| PATRIOTS ENERGY GROUP FING AGY S C GAS SUPPLY REV SC 5.250 02/01/2054 | 1.56% | 108.38 | -0.00% |
| SOUTHEAST ENERGY AUTH COOP DIST ALA ENERGY SUPPLY REV AL 5.000 10/01/2030 | 1.42% | -- | -- |
| Vanguard Tax-Exempt Bond Index Fund ETF | 1.28% | 50.56 | -0.04% |
| 12/01/2055 | 1.20% | -- | -- |
| TOBACCO SETTLEMENT FING CORP N J NJ 5.250 06/01/2046 | 1.06% | 100.28 | 0.00% |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | 0.25% |
| Actual Management Fee | 0.34% |
| Administration Fee | -- |
| Maximum Front Load | 4.25% |
| Maximum Deferred Load | -- |
| Maximum Redemption Fee | -- |
| General Availability | |
| Available for Insurance Product | -- |
| Available for RRSP | -- |
| Purchase Details | |
| Open to New Investors |
|
| Minimum Initial Investment | 1000.00 None |
| Minimum Subsequent Investment | 50.00 None |
Basic Info
| Investment Strategy | |
| The Fund seeks a high level of income exempt from federal income taxes as is consistent with the investment policies of the Fund. The Fund invests, under normal circumstances, at least 80% of its assets in municipal bonds and the Fund will usually invest in municipal bonds that have a maturity of five years or more. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Municipal Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Municipal |
| Peer Group | General & Insured Municipal Debt Funds |
| Global Macro | Bond HC |
| US Macro | National Municipal Debt Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | General & Insured Municipal Debt Funds |
| Fund Owner Firm Name | BlackRock |
| Broad Asset Class Benchmark Index | |
| ^BBMBTR | 100.0% |
Fundamentals
| General | |
| Distribution Yield | -- |
| Dividend Yield TTM (1-12-26) | 3.51% |
| 30-Day SEC Yield (11-30-25) | 3.17% |
| 7-Day SEC Yield | -- |
| Number of Holdings | 10 |
| Bond | |
| Yield to Maturity (7-31-25) | 4.53% |
| Effective Duration | 6.80 |
| Average Coupon | 5.08% |
| Calculated Average Quality | 2.340 |
| Effective Maturity | 15.02 |
| Nominal Maturity | 19.95 |
| Number of Bond Holdings | 8 |
As of July 31, 2025
Fund Details
Top Portfolio Holders
| Name | % Weight |
|---|---|
| Portfolio A | 5.00% |
| Portfolio B | 3.50% |
| Portfolio C | 2.25% |
Excel Add-In Codes
| Name: =YCI("M:MDNLX", "name") |
| Broad Asset Class: =YCI("M:MDNLX", "broad_asset_class") |
| Broad Category: =YCI("M:MDNLX", "broad_category_group") |
| Prospectus Objective: =YCI("M:MDNLX", "prospectus_objective") |
| To find the codes for any of our securities and financial metrics, see our Complete Excel Reference. |