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
Performance Rating Average
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol MDNLX
Index S&P Municipal Bond TR USD
MDNLX had a total return of -1.43% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.93%.
