|
787 Seventh Avenue New York, NY 10019-6099 Tel: 212 728 8000 Fax: 212 728 8111 |
October 9, 2015
VIA EDGAR
Securities and Exchange Commission
100 F Street, NE
Washington, DC 20549
Re: | BlackRock National Municipal Fund, a series of BlackRock Municipal Bond Fund, Inc. |
(File No. 002-57354 and File No. 811-02688)
Ladies and Gentlemen:
On behalf of BlackRock Municipal Bond Fund, Inc. and pursuant to Rule 497(e) under the Securities Act of 1933, as amended, attached for filing are exhibits containing interactive data format risk/return summary information that mirrors the risk/return summary information in a supplement dated October 1, 2015, to the Prospectus dated October 28, 2014, for BlackRock National Municipal Fund (the Fund). The purpose of the filing is to submit the 497(e) filing dated October 1, 2015 in XBRL for the Fund.
Any questions or comments on this filing should be directed to the undersigned at 212-728-8037.
Very truly yours, |
/s/ Stacey Ruiz |
Stacey Ruiz |
Enclosures |
cc: | Benjamin Archibald, Esq., BlackRock Advisors, LLC |
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Oct. 28, 2014 | ||||||||||||||||||||||||||||||||||||||||
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BLACKROCK MUNICIPAL BOND FUND, INC. Effective as of October 1, 2015, BlackRock Advisors, LLC has agreed contractually to reduce its management fee for the Fund. Due to certain expense caps, the management fee reduction may not result in a decrease of total annual fund operating expenses after fee waivers and/or reimbursements. Accordingly, the Fund's Summary Prospectus and Prospectus are amended as follows: The section entitled "Fund Overview — Key Facts About BlackRock National Municipal Fund — Fees and Expenses of the Fund" in each of the Summary Prospectus and Prospectus is deleted in its entirety and replaced with the following: Fees and Expenses of the Fund This table describes the fees and expenses that you may pay if you buy and hold Service Shares of the Fund.
Example: This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Portfolio Turnover: The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was 35% of the average value of its portfolio. |
Label | Element | Value | ||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Risk/Return: | rr_RiskReturnAbstract | |||||||||||||||||||||||||||||||||||||||||
Registrant Name | dei_EntityRegistrantName | BLACKROCK MUNICIPAL BOND FUND, INC. | ||||||||||||||||||||||||||||||||||||||||
Prospectus Date | rr_ProspectusDate | Oct. 28, 2014 | ||||||||||||||||||||||||||||||||||||||||
Supplement [Text Block] | bmbfi_SupplementTextBlock | BLACKROCK MUNICIPAL BOND FUND, INC. Effective as of October 1, 2015, BlackRock Advisors, LLC has agreed contractually to reduce its management fee for the Fund. Due to certain expense caps, the management fee reduction may not result in a decrease of total annual fund operating expenses after fee waivers and/or reimbursements. Accordingly, the Fund's Summary Prospectus and Prospectus are amended as follows: The section entitled "Fund Overview — Key Facts About BlackRock National Municipal Fund — Fees and Expenses of the Fund" in each of the Summary Prospectus and Prospectus is deleted in its entirety and replaced with the following: Fees and Expenses of the Fund This table describes the fees and expenses that you may pay if you buy and hold Service Shares of the Fund.
Example: This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Portfolio Turnover: The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was 35% of the average value of its portfolio. |
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BlackRock National Municipal Fund | ||||||||||||||||||||||||||||||||||||||||||
Risk/Return: | rr_RiskReturnAbstract | |||||||||||||||||||||||||||||||||||||||||
Supplement [Text Block] | bmbfi_SupplementTextBlock | BLACKROCK MUNICIPAL BOND FUND, INC. Effective as of October 1, 2015, BlackRock Advisors, LLC has agreed contractually to reduce its management fee for the Fund. Due to certain expense caps, the management fee reduction may not result in a decrease of total annual fund operating expenses after fee waivers and/or reimbursements. Accordingly, the Fund's Summary Prospectus and Prospectus are amended as follows: The section entitled "Fund Overview — Key Facts About BlackRock National Municipal Fund — Fees and Expenses of the Fund" in each of the Summary Prospectus and Prospectus is deleted in its entirety and replaced with the following: Fees and Expenses of the Fund This table describes the fees and expenses that you may pay if you buy and hold Service Shares of the Fund.
Example: This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Portfolio Turnover: The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was 35% of the average value of its portfolio. |
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Expense [Heading] | rr_ExpenseHeading | Fees and Expenses of the Fund | ||||||||||||||||||||||||||||||||||||||||
Expense Narrative [Text Block] | rr_ExpenseNarrativeTextBlock | This table describes the fees and expenses that you may pay if you buy and hold Service Shares of the Fund. | ||||||||||||||||||||||||||||||||||||||||
Shareholder Fees Caption [Text] | rr_ShareholderFeesCaption | Shareholder Fees (fees paid directly from your investment) |
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Operating Expenses Caption [Text] | rr_OperatingExpensesCaption | Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) |
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Portfolio Turnover [Heading] | rr_PortfolioTurnoverHeading | Portfolio Turnover: | ||||||||||||||||||||||||||||||||||||||||
Portfolio Turnover [Text Block] | rr_PortfolioTurnoverTextBlock | The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 35% of the average value of its portfolio. | ||||||||||||||||||||||||||||||||||||||||
Portfolio Turnover, Rate | rr_PortfolioTurnoverRate | 35.00% | ||||||||||||||||||||||||||||||||||||||||
Expense Example [Heading] | rr_ExpenseExampleHeading | Example: | ||||||||||||||||||||||||||||||||||||||||
Expense Example Narrative [Text Block] | rr_ExpenseExampleNarrativeTextBlock | This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: | ||||||||||||||||||||||||||||||||||||||||
BlackRock National Municipal Fund | Service Shares | ||||||||||||||||||||||||||||||||||||||||||
Risk/Return: | rr_RiskReturnAbstract | |||||||||||||||||||||||||||||||||||||||||
Maximum Sales Charge (Load) Imposed on Purchases (as percentage of offering price) | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | none | ||||||||||||||||||||||||||||||||||||||||
Maximum Deferred Sales Charge (Load) (as percentage of offering price or redemption proceeds, whichever is lower) | rr_MaximumDeferredSalesChargeOverOfferingPrice | none | ||||||||||||||||||||||||||||||||||||||||
Management Fee | rr_ManagementFeesOverAssets | 0.43% | ||||||||||||||||||||||||||||||||||||||||
Distribution and/or Service (12b-1) Fees | rr_DistributionAndService12b1FeesOverAssets | 0.25% | ||||||||||||||||||||||||||||||||||||||||
Interest Expense | rr_Component1OtherExpensesOverAssets | 0.06% | ||||||||||||||||||||||||||||||||||||||||
Miscellaneous Other Expenses | rr_Component2OtherExpensesOverAssets | 0.11% | ||||||||||||||||||||||||||||||||||||||||
Other Expenses | rr_OtherExpensesOverAssets | 0.17% | ||||||||||||||||||||||||||||||||||||||||
Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 0.85% | ||||||||||||||||||||||||||||||||||||||||
1 Year | rr_ExpenseExampleYear01 | $ 87 | ||||||||||||||||||||||||||||||||||||||||
3 Years | rr_ExpenseExampleYear03 | 271 | ||||||||||||||||||||||||||||||||||||||||
5 Years | rr_ExpenseExampleYear05 | 471 | ||||||||||||||||||||||||||||||||||||||||
10 Years | rr_ExpenseExampleYear10 | $ 1,049 |
Label | Element | Value |
---|---|---|
Risk/Return: | rr_RiskReturnAbstract | |
Document Type | dei_DocumentType | Other |
Document Period End Date | dei_DocumentPeriodEndDate | Jun. 30, 2014 |
Registrant Name | dei_EntityRegistrantName | BLACKROCK MUNICIPAL BOND FUND, INC. |
Central Index Key | dei_EntityCentralIndexKey | 0000225635 |
Amendment Flag | dei_AmendmentFlag | false |
Document Creation Date | dei_DocumentCreationDate | Oct. 01, 2015 |
Document Effective Date | dei_DocumentEffectiveDate | Oct. 01, 2015 |
Prospectus Date | rr_ProspectusDate | Oct. 28, 2014 |
Label | Element | Value |
---|---|---|
Risk/Return: | rr_RiskReturnAbstract | |
Registrant Name | dei_EntityRegistrantName | BLACKROCK MUNICIPAL BOND FUND, INC. |
Prospectus Date | rr_ProspectusDate | Oct. 28, 2014 |
Document Creation Date | dei_DocumentCreationDate | Oct. 01, 2015 |