MDNLX Mutual Fund

NAV$9.82

AUM$1.6B

TER0.72%

Holdings452

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MDNLX Mutual Fund

NAV$9.82

BlackRock National Municipal Fund Class A

AUM$1.6B

TER0.72%

Holdings452

See how much of MDNLX you already own

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Overview Performance Chart Dividends Top Holdings All Holdings Sectors Geography Similar Compare Overlap

Showing top 50 of 452 holdings · as of Dec 31, 2025

MDNLX holdings, by weight
#	Ticker	Name	Weight	Cumulative	Shares	Mkt value	Sector	Industry
1	MCSXX	Blackrock Liquidity Funds Municash Portfolio, Institutional SharesFinancials · Capital Markets	2.31%	2.3%	133,962,779	$133.98M	Financials	Capital Markets
2	Debt	Southeast Energy Auth Commodit	1.75%	4.1%	99,000,000	$101.15M	-	-
Sector and industry · Pro
3	Debt	San Francisco Calif City & Cnt	1.65%	5.7%	96,400,000	$95.73M
4	—	214466685.Srdlc	1.65%	7.4%	85,500,000	$95.76M
5	—	Clubcorp Holdings Inc	1.63%	9.0%	87,500,000	$94.59M
6	Debt	Patriots Energy Group Fing Agy	1.59%	10.6%	84,000,000	$92.28M
7	Debt	Vanguard Tax-Exempt Bond Etf Mutual Fund	1.30%	11.9%	1,500,000	$75.44M
8	Debt	Tobacco Settlement Fing Corp N	1.05%	12.9%	60,790,000	$60.81M
9	Debt	Tennessee Energy Acquisition C	1.03%	14.0%	55,345,000	$59.74M
10	Debt	Black Belt Energy Gas Dist Ala	0.99%	15.0%	52,000,000	$57.38M
11	Debt	Mizuho Financial Group Inc	0.95%	15.9%	50,000,000	$54.95M
12	Debt	Southeast Energy Auth Coop Dis	0.93%	16.8%	50,000,000	$54.04M
13	Debt	Patriots Energy Group Fing Agy	0.92%	17.8%	48,600,000	$52.99M
14	Debt	Barclays Capital Repo Repo	0.88%	18.6%	1,050,000	$51.11M
15	Debt	Tarrant Cnty Tex Cultural Ed F	0.82%	19.5%	41,785,000	$47.76M
16	Debt	Main Str Nat Gas Inc Ga Gas Su	0.80%	20.3%	43,000,000	$46.19M
17	Debt	Tarrant Cnty Tex Cultural Ed F	0.73%	21.0%	40,510,000	$42.52M
18	Debt	Michigan Fin Auth Rev	0.70%	21.7%	39,965,000	$40.57M
19	Debt	United Natural Foods, Inc	0.69%	22.4%	39,000,000	$39.71M
20	—	San Francisco Municipal Transportation	0.69%	23.1%	38,000,000	$40.17M
21	WM	Waste Management Inc Company Guar 06/41 2.95	0.67%	23.7%	51,775,000	$38.92M
22	—	Square 5.07 2024-09-11	0.66%	24.4%	36,535,000	$38.28M
23	Debt	Battery Park City Authority	0.65%	25.0%	36,515,000	$37.49M
24	Debt	Enterprise Products Oper	0.64%	25.7%	33,000,000	$36.93M
25	Debt	América Móvil, Sab De Cv	0.61%	26.3%	35,200,000	$35.43M
26	Debt	Receive 6-Month CZK-Pribor	0.58%	26.9%	32,515,000	$33.83M
27	—	Rfr Usd Sofr/2.96478 10/05/22-4y* Lch	0.58%	27.5%	32,905,000	$33.72M
28	—	317Ubpsa3 Pimco Swaption 3.0 Call USD 20260803	0.56%	28.0%	29,780,000	$32.48M
29	—	Bought BRL Sold USD 20260402	0.54%	28.6%	28,135,000	$30.98M
30	—	RB (Ascension Health) Series 2025D3 2.350000%	0.53%	29.1%	28,000,000	$30.55M
31	Debt	Illinois St	0.53%	29.6%	28,000,000	$30.49M
32	—	Italy Buoni Poliennali Del Tesoro 0.95 2037-03-01	0.52%	30.1%	27,480,000	$29.97M
33	Debt	Phillips 66 Co	0.52%	30.7%	27,500,000	$29.83M
34	Debt	Michigan St Hosp Fin Auth Rev	0.52%	31.2%	26,000,000	$30.05M
35	Debt	Peac Solutions Receivables, Llc, Series 2025-1A, Class A2	0.52%	31.7%	30,000,000	$30.38M
36	—	Hca Inc	0.52%	32.2%	26,315,000	$30.20M
37	—	November 26 Puts On Xndxnd Us 11/20/26 P295	0.51%	32.7%	26,690,000	$29.59M
38	Debt	Texas St	0.51%	33.2%	25,800,000	$29.60M
39	—	Arizona Indl Dev Auth Ed Rev 5.0% 15-Dec-2049	0.51%	33.7%	27,170,000	$29.51M
40	Debt	Phillips 66 Co	0.51%	34.2%	28,950,000	$29.44M
41	Debt	G2 Ma7649	0.50%	34.7%	27,065,000	$28.93M
42	Debt	San Antonio Tex Elec & Gas Rev	0.50%	35.2%	25,625,000	$28.82M
43	Debt	Michigan St Hosp Fin Auth Rev	0.49%	35.7%	27,810,000	$28.42M
44	—	GBP/USD Fwd 20260318	0.49%	36.2%	25,375,000	$28.14M
45	Debt	Connecticut St Spl Tax Oblig R	0.48%	36.7%	24,000,000	$27.52M
46	Debt	Expand Energy Corp	0.47%	37.2%	25,720,000	$27.46M
47	Debt	Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue	0.47%	37.6%	24,105,000	$26.93M
48	Debt	Principal Lfe Glb Fnd Ii	0.47%	38.1%	25,470,000	$27.34M
49	Debt	Fannie Mae Pool Fs7329	0.46%	38.6%	21,665,000	$26.62M
50	—	Malaysia Govt	0.46%	39.0%	24,125,000	$26.48M
More holdings · Pro

Not reported for this fund: share changes.

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MDNLX Mutual Fund All Holdings

MDNLX holdings total 452 positions. The top 10 holdings account for 15.0% of the fund, led by Blackrock Liquidity Funds Municash Portfolio, Institutional Shares at 2.3%, Southeast Energy Auth Commodit 4 10/01/2028 at 1.8%, San Francisco Calif City & Cnt 1 10/01/2026 at 1.6%.

MDNLX portfolio concentration is well-diversified, with the top 10 representing 15.0% of total assets. The largest sector exposure is Financials at 2.3%.

MDNLX sectors provide a detailed breakdown. MDNLX overlap shows how holdings compare to other funds in your portfolio.