BlackRock
National Municipal Fund
(the Fund)
Class K Shares
to the Prospectus
dated October 28, 2015
Annual Fund Operating
Expenses (expenses that you pay each year as a percentage of the value of your investment) |
|
Class K Shares |
||||
Management Fee |
0.43 | % | ||||
Distribution and/or Service (12b-1) Fees |
None | |||||
Other Expenses |
0.10 | % | ||||
Interest Expense |
0.03% |
|||||
Miscellaneous Other Expenses |
0.07% |
|||||
Total Annual Fund Operating Expenses |
0.53 | % | ||||
Fee Waivers and/or Expense Reimbursements1 |
(0.11 | )% | ||||
Total Annual Fund Operating Expenses After Fee Waivers and/or Expense
Reimbursements1 |
0.42 | % |
1 | As described in the Management of the Fund section of the Funds prospectus on page 23, BlackRock Advisors, LLC has contractually agreed to waive and/or reimburse fees or expenses in order to limit Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements (excluding Dividend Expense, Interest Expense, Acquired Fund Fees and Expenses and certain other Fund expenses) to 0.39% of average daily net assets through October 31, 2017. The contractual agreement may be terminated upon 90 days notice by a majority of the non-interested directors of the BlackRock Municipal Bond Fund, Inc. or by a vote of a majority of the outstanding securities of the Fund. |
|
1 Year |
|
3 Years |
|
5 Years |
|
10 Years |
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Class K Shares |
$ | 43 | $ | 159 | $ | 285 | $ | 654 |
|
Contractual
Cap1 on Total Annual Fund Operating Expenses2 (excluding Dividend Expense, Interest Expense, Acquired Fund Fees and Expenses and certain other Fund expenses) |
|||||
Class K Shares |
0.39% |
1 | The contractual cap is in effect through October 31, 2017. The contractual agreement may be terminated upon 90 days notice by a majority of the non-interested directors of BlackRock Municipal Bond Fund, Inc. or by a vote of a majority of the outstanding voting securities of the Fund. |
2 | As a percentage of average daily net assets. |