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Shareholder Fees - Investor A, C and Institutional - BlackRock National Municipal Fund
Oct. 28, 2020
Investor A Shares  
Shareholder Fees:  
Maximum Sales Charge Imposed on Purchases (as a percentage of Offering Price) 4.25%
Maximum Deferred Sales Charge (as a percentage of Offering Price) none [1]
Institutional Shares  
Shareholder Fees:  
Maximum Sales Charge Imposed on Purchases (as a percentage of Offering Price) none
Maximum Deferred Sales Charge (as a percentage of Offering Price) none
Investor C Shares  
Shareholder Fees:  
Maximum Sales Charge Imposed on Purchases (as a percentage of Offering Price) none
Maximum Deferred Sales Charge (as a percentage of Offering Price) 1.00% [2]
[1] A contingent deferred sales charge (“CDSC”) of 1.00% is assessed on certain redemptions of Investor A Shares made within 18 months after purchase where no initial sales charge was paid at the time of purchase as part of an investment of $250,000 or more.
[2] There is no CDSC on Investor C Shares after one year.