BlackRock National Municipal Fund Institutional Shares (MANLX)
| Fund Assets | 5.74B |
| Expense Ratio | 0.47% |
| Min. Investment | $2,000,000 |
| Turnover | 46.00% |
| Dividend (ttm) | 0.38 |
| Dividend Yield | 3.83% |
| Dividend Growth | 6.61% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2026 |
| Previous Close | 10.04 |
| YTD Return | 2.23% |
| 1-Year Return | 6.26% |
| 5-Year Return | 3.64% |
| 52-Week Low | 9.68 |
| 52-Week High | 10.14 |
| Beta (5Y) | 0.09 |
| Holdings | 495 |
| Inception Date | Nov 2, 1979 |
About MANLX
BlackRock National Municipal Fund Institutional Shares is an actively managed municipal bond mutual fund designed to deliver a high level of income that is exempt from U.S. federal income taxes. The fund primarily invests at least 80% of assets in investment-grade and select high-yield municipal securities, with a typical intermediate interest-rate profile and effective duration around the mid-single digits. It allocates across essential-service revenue bonds and general obligation issuances, spanning sectors such as transportation, utilities, and state and local infrastructure, and may hold cash equivalents for liquidity management. Managed by BlackRock’s municipal fixed income team, the strategy emphasizes broad diversification and credit research, with hundreds of holdings and a focus on maturities generally five years or longer. The institutional share class targets large investors with a higher minimum investment and a below-1% expense ratio, seeking efficient, tax-advantaged income through monthly distributions. In the U.S. fixed income landscape, it serves as a core tax-exempt bond allocation for investors aiming to balance income generation with moderate interest-rate and credit risk within the national municipal market.
Performance
MANLX had a total return of 6.26% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.93%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2026 | $0.03172 | Jun 30, 2026 |
| May 29, 2026 | $0.03156 | May 29, 2026 |
| Apr 30, 2026 | $0.03189 | Apr 30, 2026 |
| Mar 31, 2026 | $0.03218 | Mar 31, 2026 |
| Feb 27, 2026 | $0.03208 | Feb 27, 2026 |
| Jan 30, 2026 | $0.03266 | Jan 30, 2026 |