BlackRock National Municipal Fund K Share (BNMLX)
| Fund Assets | 5.70B |
| Expense Ratio | 0.42% |
| Min. Investment | $5,000,000 |
| Turnover | 46.00% |
| Dividend (ttm) | 0.39 |
| Dividend Yield | 3.92% |
| Dividend Growth | 7.76% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Apr 30, 2026 |
| Previous Close | 9.91 |
| YTD Return | 0.50% |
| 1-Year Return | 4.83% |
| 5-Year Return | 2.77% |
| 52-Week Low | 9.69 |
| 52-Week High | 10.15 |
| Beta (5Y) | n/a |
| Holdings | 475 |
| Inception Date | Jul 18, 2011 |
About BNMLX
BlackRock National Municipal Fund Class K is an actively managed open‑end municipal bond fund designed to deliver federally tax‑exempt income while emphasizing high credit quality and disciplined research. The portfolio invests primarily in municipal bonds, typically with intermediate to longer maturities, and maintains broad diversification across states and sectors such as general obligation, essential services, transportation, healthcare, and education revenue bonds. The strategy is grounded in BlackRock’s credit research platform, seeking resilient income and risk‑adjusted returns relative to a national muni benchmark. Classified in the Muni National Intermediate category, the fund targets a moderate interest‑rate sensitivity profile and holds hundreds of issuers to mitigate idiosyncratic risk. Key characteristics have included multi‑billion‑dollar assets, a competitive net expense ratio, and a duration profile aligned with its category mandate. The fund’s role in the market is to provide a core, tax‑advantaged fixed income allocation for institutions and high‑balance investors who value diversified municipal exposure and professional credit selection within a national framework.
Performance
BNMLX had a total return of 4.83% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.19%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Apr 30, 2026 | $0.03232 | Apr 30, 2026 |
| Mar 31, 2026 | $0.03262 | Mar 31, 2026 |
| Feb 27, 2026 | $0.03248 | Feb 27, 2026 |
| Jan 30, 2026 | $0.0331 | Jan 30, 2026 |
| Dec 31, 2025 | $0.03293 | Dec 31, 2025 |
| Nov 28, 2025 | $0.03235 | Nov 28, 2025 |