BlackRock National Municipal Fund Service Share (BNMSX)
| Fund Assets | 5.74B |
| Expense Ratio | 0.72% |
| Min. Investment | $5,000 |
| Turnover | 46.00% |
| Dividend (ttm) | 0.36 |
| Dividend Yield | 3.58% |
| Dividend Growth | 7.15% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2026 |
| Previous Close | 10.03 |
| YTD Return | 2.21% |
| 1-Year Return | 6.10% |
| 5-Year Return | 2.18% |
| 52-Week Low | 9.68 |
| 52-Week High | 10.14 |
| Beta (5Y) | 0.09 |
| Holdings | 488 |
| Inception Date | Nov 2, 1979 |
About BNMSX
BlackRock National Municipal Fund Service Shares is an actively managed open‑end mutual fund focused on U.S. municipal fixed income. Its primary objective is to provide income exempt from federal income tax by investing at least 80% of assets in municipal bonds, with the flexibility to hold securities across the credit spectrum and maturities to manage interest‑rate and credit risk. The strategy emphasizes diversified exposure to revenue and general obligation issuers, with notable allocations to essential‑service sectors such as energy, transportation, and local government finance, reflecting the fund’s focus on broad national coverage and tax‑advantaged income generation. Managed by BlackRock’s municipal bond team, the fund employs rigorous credit research and active duration positioning to navigate changing market conditions, including shifts in yield curves and credit spreads. Portfolio composition is predominantly investment in bonds with minimal equity exposure and a modest cash sleeve for liquidity management. By concentrating on federally tax‑exempt income from municipalities and related authorities, BlackRock National Municipal Fund Service Shares serves as a core municipal bond holding for investors seeking tax‑efficient fixed income exposure within a diversified portfolio.
Performance
BNMSX had a total return of 6.10% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.84%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2026 | $0.02964 | Jun 30, 2026 |
| May 29, 2026 | $0.02942 | May 29, 2026 |
| Apr 30, 2026 | $0.02981 | Apr 30, 2026 |
| Mar 31, 2026 | $0.03003 | Mar 31, 2026 |
| Feb 27, 2026 | $0.03011 | Feb 27, 2026 |
| Jan 30, 2026 | $0.03051 | Jan 30, 2026 |