High Yield Portfolio — new fund registration

MERRILL LYNCH MUNICIPAL BOND FUND INC registered fund series on Form 485APOS, filed 2006-05-03. Featured series: High Yield Portfolio.

Registration

Registrant / trust: MERRILL LYNCH MUNICIPAL BOND FUND INC
CIK: 0000225635
Form: 485APOS
Filed: 2006-05-03
State of incorporation: NJ
Accession: 0000905148-06-003601
Reported net assets: $1.6B

Series & classes (4)

Series	Class	Ticker	New
High Yield Portfolio	Class A	—	—
High Yield Portfolio	Class B	—	—
High Yield Portfolio	Class C	—	—
High Yield Portfolio	Class I	—	—

Fees (from the effective prospectus)

12b-1 fee: 0.25%
Gross expense ratio: 0.84%
Management fee: 0.46%
Net expense ratio: 0.83%
Other expenses: 0.12%

Investment objective

The investment objective of BlackRock High Yield Municipal Fund (the High Yield Fund or the Fund) is to provide shareholders with as high a level of income exempt from Federal income taxes as is consistent with the investment policies of the Fund.

Advisers

BlackRock Advisors, LLC (Advisor)