BlackRock National Municipal Fund K Share (BNMLX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD

9.81

-0.01 (-0.10%)

At close: Aug 26, 2026

0.31% (1Y)

Fund Assets	5.70B
Expense Ratio	0.42%
Min. Investment	$5,000,000
Turnover	46.00%
Dividend (ttm)	0.39
Dividend Yield	3.97%
Dividend Growth	5.82%
Payout Frequency	Monthly
Ex-Dividend Date	Jul 31, 2026

Previous Close	9.82
YTD Return	0.55%
1-Year Return	4.40%
5-Year Return	1.83%
52-Week Low	9.79
52-Week High	10.15
Beta (5Y)	0.09
Holdings	516
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.

Fund Family BlackRock

Category Muni National Interm

Performance Rating Above Average

Risk Rating Above Average

Stock Exchange NASDAQ

Ticker Symbol BNMLX

Index S&P Municipal Bond TR USD

Performance

BNMLX had a total return of 4.40% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.14%.

Dividend History

Ex-Dividend	Amount	Pay Date
Jul 31, 2026	$0.03216	Jul 31, 2026
Jun 30, 2026	$0.03214	Jun 30, 2026
May 29, 2026	$0.03199	May 29, 2026
Apr 30, 2026	$0.03232	Apr 30, 2026
Mar 31, 2026	$0.03262	Mar 31, 2026
Feb 27, 2026	$0.03248	Feb 27, 2026

Full Dividend History