BlackRock National Municipal Fund Institutional Shares (MANLX)

Fund Assets	5.64B
Expense Ratio	0.47%
Min. Investment	$2,000,000
Turnover	54.00%
Dividend (ttm)	0.38
Dividend Yield	4.03%
Dividend Growth	4.95%
Payout Frequency	Monthly
Ex-Dividend Date	Aug 31, 2026

Previous Close	9.58
YTD Return	-1.62%
1-Year Return	-0.34%
5-Year Return	-0.21%
52-Week Low	9.58
52-Week High	10.14
Beta (5Y)	0.09
Holdings	556
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.

• Fund Family: BlackRock
• Category: Muni National Interm
• Performance Rating: Average
• Risk Rating: Above Average
• Stock Exchange: NASDAQ
• Ticker Symbol: MANLX
• Index: S&P Municipal Bond TR USD

Performance

MANLX had a total return of -0.34% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.82%.

Dividend History

Ex-Dividend	Amount	Pay Date
Aug 31, 2026	$0.03088	Aug 31, 2026
Jul 31, 2026	$0.03172	Jul 31, 2026
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

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Sep 24, 2026

Data Sources Report a data error