BlackRock National Municipal Fund Institutional Shares (MANLX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD

9.48

+0.01 (0.11%)

At close: Oct 14, 2026

Fund Assets	5.23B
Expense Ratio	0.46%
Min. Investment	$2,000,000
Turnover	54.00%
Dividend (ttm)	0.38
Dividend Yield	4.03%
Dividend Growth	3.63%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	9.47
YTD Return	-2.64%
1-Year Return	-1.40%
5-Year Return	-0.50%
52-Week Low	9.32
52-Week High	10.14
Beta (5Y)	0.09
Holdings	583
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 -1.40% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.80%.

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.03095	Sep 30, 2026
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

Full Dividend History