BlackRock National Municipal Fund Q1 2026 Commentary
BlackRock·2026-06-18·via All Articles on Seeking Alpha
Summary
BlackRock National Municipal Fund posted returns of 0.06% (Institutional shares) and 0.00% (Investor A shares, without sales charge) for the first quarter of 2026.
The main performance drivers were yield curve positioning and overweight holdings in high-quality investment grade securities in the “belly” of the curve (maturities in a 12-20-year range).
The fund had an overweight allocation to high-grade (rated AA or better) securities maturing in 12-20 years with premium (5% or greater) coupons.
Wirestock/iStock via Getty Images
Commentary as of 03/31/26
The fund posted returns of 0.06% (Institutional shares) and 0.00% (Investor A shares, without sales charge) for the first quarter of 2026.
The main performance drivers were yield curve positioning and