BlackRock National Municipal Fund (MDNLX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
9.78
0.00 (0.00%)
Aug 21, 2025, 9:30 AM EDT
Fund Assets5.93B
Expense Ratio0.76%
Min. Investment$1,000
Turnover58.00%
Dividend (ttm)0.34
Dividend Yield3.31%
Dividend Growth7.58%
Payout FrequencyMonthly
Ex-Dividend DateJul 31, 2025
Previous Close9.78
YTD Return-1.71%
1-Year Return-1.03%
5-Year Return-1.71%
52-Week Low9.58
52-Week High10.27
Beta (5Y)0.25
Holdings431
Inception DateNov 2, 1979

About MDNLX

BlackRock National Municipal Fund Investor A Shares is an actively managed municipal bond mutual fund focused on delivering federally tax‑exempt income from a diversified portfolio of U.S. municipal securities. The strategy emphasizes high‑quality issuers and robust, research‑driven credit selection, while maintaining intermediate interest‑rate exposure consistent with its category. The fund typically invests at least 80% of assets in municipal bonds and may hold securities across the rating spectrum, with a core bias toward investment‑grade credits to balance income and risk. It serves investors seeking tax‑advantaged cash flows and broad geographic and sector exposure to state and local government finance, including essential services, transportation, utilities, healthcare, and education projects. Managed by a large, dedicated muni research team, the vehicle pursues incremental outperformance versus the Bloomberg municipal benchmark through active duration positioning, sector rotation, and security selection. With a multi‑decade track record and substantial asset base, it plays a role as a core national municipal allocation for taxable accounts, aiming to pair income stability with disciplined risk management.

Fund Family BlackRock
Category Muni National Interm
Stock Exchange NASDAQ
Ticker Symbol MDNLX
Index S&P Municipal Bond TR USD

Performance

MDNLX had a total return of -1.03% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.97%.

Top 10 Holdings

18.06% of assets
NameSymbolWeight
BlackRock Liquidity Funds - MuniCashMCSXX5.36%
SOUTHEAST ENERGY AUTH COMMODITY SUPPLY REV ALAAL.SEEPWR 11.01.20511.68%
PATRIOTS ENERGY GROUP FING AGY S C GAS SUPPLY REVSC.PEGUTL 02.01.20541.64%
SAN FRANCISCO CALIF CITY & CNTY PUB UTILS COMMN WASTEWATER REVCA.SFOUTL 1 10.01.20261.63%
MAIN STR NAT GAS INC GA GAS SUPPLY REVGA.MAIUTL 09.01.20531.60%
ENERGY SOUTHEAST ALA COOP DIST ENERGY SUPPLY REVAL.ESDPWR 11.01.20531.56%
MICHIGAN FIN AUTH REVMI.MISFIN 5 11.15.20411.24%
WASHINGTON D C MET AREA TRAN AUTH GROSS REVDC.DCTGEN 5 07.01.20421.22%
CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REVCA.CASDEV 01.01.20651.16%
NEW YORK TRANSN DEV CORP SPL FAC REVNY.NYTTRN 5.25 06.30.20490.97%
View More Holdings

Dividend History

Ex-DividendAmountPay Date
Jul 31, 2025$0.02961Jul 31, 2025
Jun 30, 2025$0.02959Jun 30, 2025
May 30, 2025$0.02896May 30, 2025
Apr 30, 2025$0.0297Apr 30, 2025
Mar 31, 2025$0.0286Mar 31, 2025
Feb 28, 2025$0.02803Feb 28, 2025
Full Dividend History