MPICX

About MPICX

BlackRock Impact Municipal Fund; Institutional is an actively managed open-end mutual fund focused on U.S. municipal fixed income. Its primary objective is to maximize income exempt from federal income taxes while directing capital to issuers whose bond proceeds finance projects with measurable social and environmental benefits, aligning with the United Nations Sustainable Development Goals. The strategy employs a “use of proceeds” approach, emphasizing sectors such as clean water, public transportation, education, and essential public services through revenue and general obligation bonds. Managed by BlackRock’s municipal platform, the portfolio is diversified across states, credits, and maturities, with holdings that include water and wastewater systems, transit authorities, school districts, and infrastructure financings. The fund integrates ESG and impact analysis into credit research to assess both financial durability and positive outcomes, while maintaining traditional municipal bond risk controls like duration, liquidity, and credit quality oversight. In the tax-exempt market, it serves investors seeking federally tax-free income coupled with intentional impact allocation, providing exposure to essential-service municipal issuers and large, programmatic financing authorities that underpin community and environmental infrastructure.