BNMLX

About BNMLX

BlackRock National Municipal Fund Class K is an actively managed open‑end municipal bond fund designed to deliver federally tax‑exempt income while emphasizing high credit quality and disciplined research. The portfolio invests primarily in municipal bonds, typically with intermediate to longer maturities, and maintains broad diversification across states and sectors such as general obligation, essential services, transportation, healthcare, and education revenue bonds. The strategy is grounded in BlackRock’s credit research platform, seeking resilient income and risk‑adjusted returns relative to a national muni benchmark. Classified in the Muni National Intermediate category, the fund targets a moderate interest‑rate sensitivity profile and holds hundreds of issuers to mitigate idiosyncratic risk. Key characteristics have included multi‑billion‑dollar assets, a competitive net expense ratio, and a duration profile aligned with its category mandate. The fund’s role in the market is to provide a core, tax‑advantaged fixed income allocation for institutions and high‑balance investors who value diversified municipal exposure and professional credit selection within a national framework.