BlackRock National Municipal Inv C (MFNLX)
| Fund Assets | 5.88B |
| Expense Ratio | 1.51% |
| Min. Investment | $1,000 |
| Turnover | 58.00% |
| Dividend (ttm) | 0.27 |
| Dividend Yield | 2.70% |
| Dividend Growth | 10.51% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 9.87 |
| YTD Return | -1.04% |
| 1-Year Return | -1.08% |
| 5-Year Return | -3.71% |
| 52-Week Low | 9.58 |
| 52-Week High | 10.27 |
| Beta (5Y) | n/a |
| Holdings | 452 |
| Inception Date | Nov 2, 1979 |
About MFNLX
BlackRock National Municipal Fund Investor C Shares is an open-end municipal bond mutual fund focused on generating federally tax-exempt income. It primarily invests in a diversified portfolio of U.S. municipal bonds, with a policy to keep at least 80% of assets in municipals and a stated intent to hold a majority in investment‑grade issues, while retaining flexibility to allocate to lower-rated debt when warranted by the mandate. The strategy emphasizes intermediate and longer maturities, providing exposure to interest rate dynamics and credit conditions across state and local issuers, including general obligation and revenue-backed bonds that finance infrastructure, transportation, utilities, and essential public services. Managed within BlackRock’s municipal platform, the fund distributes income monthly and maintains a broad holdings base. Its long track record reflects a role as a core national muni allocation for investors seeking diversified tax-advantaged income and professional credit selection across sectors and geographies. Key characteristics typically disclosed for this share class include an ongoing expense ratio, moderate portfolio turnover, and a minimum initial investment appropriate for individual accounts.
Performance
MFNLX had a total return of -1.08% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.13%.
Top 10 Holdings
17.81% of assets| Name | Symbol | Weight |
|---|---|---|
| BlackRock Liquidity Funds - MuniCash | MCSXX | 5.09% |
| SOUTHEAST ENERGY AUTH COMMODITY SUPPLY REV ALA | AL.SEEPWR 11.01.2051 | 1.72% |
| SAN FRANCISCO CALIF CITY & CNTY PUB UTILS COMMN WASTEWATER REV | CA.SFOUTL 1 10.01.2026 | 1.67% |
| PATRIOTS ENERGY GROUP FING AGY S C GAS SUPPLY REV | SC.PEGUTL 02.01.2054 | 1.66% |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV | GA.MAIUTL 09.01.2053 | 1.59% |
| ENERGY SOUTHEAST ALA COOP DIST ENERGY SUPPLY REV | AL.ESDPWR 11.01.2053 | 1.56% |
| MICHIGAN FIN AUTH REV | MI.MISFIN 5 11.15.2041 | 1.27% |
| WASHINGTON D C MET AREA TRAN AUTH GROSS REV | DC.DCTGEN 5 07.01.2042 | 1.21% |
| CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV | CA.CASDEV 01.01.2065 | 1.09% |
| BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV | AL.BBEUTL 10.01.2054 | 0.95% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.0233 | Aug 29, 2025 |
| Jul 31, 2025 | $0.02339 | Jul 31, 2025 |
| Jun 30, 2025 | $0.02355 | Jun 30, 2025 |
| May 30, 2025 | $0.02271 | May 30, 2025 |
| Apr 30, 2025 | $0.02365 | Apr 30, 2025 |
| Mar 31, 2025 | $0.02223 | Mar 31, 2025 |