MPKCX

About MPKCX

BlackRock Impact Municipal Fund Class K is an actively managed municipal bond mutual fund focused on generating income that is exempt from U.S. federal income taxes. The strategy primarily invests in investment-grade and other municipal securities, allocating at least 80% of assets to municipal bonds and related derivatives, and limits state concentration to promote diversification. According to the sponsor, the portfolio follows a use-of-proceeds approach, targeting bonds whose financed projects are expected to deliver positive and measurable social and environmental outcomes, aligning with themes such as clean energy, water infrastructure, public transit, education, and community services. The fund’s mandate blends traditional tax-exempt income objectives with impact considerations, screening for bonds whose interest is generally excluded from gross income for federal tax purposes. Class K shares are designed for institutional and intermediary platforms without distribution fees, reflecting an institutional share structure. Within the municipal market, the fund serves investors seeking federally tax-exempt income alongside intentional impact exposure, benchmarked against broad municipal bond indices and managed with attention to duration, credit quality, and sector diversification to navigate rate and credit cycles.