BlackRock Short Duration Muni Instl (MALMX)
| Fund Assets | 465.84M |
| Expense Ratio | 0.36% |
| Min. Investment | $2,000,000 |
| Turnover | 90.00% |
| Dividend (ttm) | 0.34 |
| Dividend Yield | 3.44% |
| Dividend Growth | 6.46% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | n/a |
| Previous Close | 9.94 |
| YTD Return | 2.03% |
| 1-Year Return | 3.24% |
| 5-Year Return | 7.17% |
| 52-Week Low | 9.69 |
| 52-Week High | 9.98 |
| Beta (5Y) | n/a |
| Holdings | 197 |
| Inception Date | Nov 2, 1979 |
About MALMX
BlackRock Short Duration Muni Fund Institutional Shares is an open-end municipal bond mutual fund focused on providing a high level of income that is exempt from U.S. federal income taxes, while maintaining limited interest rate sensitivity. The strategy normally invests at least 80% of assets in municipal bonds and notes, primarily in investment-grade securities, including variable rate demand obligations, with an emphasis on short duration holdings. The fund sits in the muni national short category, targeting a shorter effective duration profile that helps temper price volatility as rates move. It is designed for institutional investors, offering a below-average distribution fee level and a competitive expense ratio for its share class. The portfolio spans diverse state and local issuers and essential-service revenue bonds, reflecting a broad approach to tax-exempt credit markets. By focusing on short-term, high-quality municipal credits, the fund serves as a core tax-exempt income vehicle for cash management, liquidity-conscious mandates, and allocation sleeves seeking stability and federally tax-advantaged income.
Performance
MALMX had a total return of 3.24% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.02%.
Top 10 Holdings
22.51% of assets| Name | Symbol | Weight |
|---|---|---|
| BlackRock Liquidity Funds - MuniCash | MCSXX | 3.85% |
| SOUTHEAST ENERGY AUTH COMMODITY SUPPLY REV ALA | AL.SEEPWR 01.01.2054 | 2.49% |
| NEW JERSEY ECONOMIC DEV AUTH REV | NJ.NJSDEV 5 11.01.2026 | 2.38% |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV | GA.MAIUTL 07.01.2053 | 2.32% |
| SOUTHEAST ENERGY AUTH COOP DIST ALA COMMODITY SUPPLY REV | AL.SEEPWR 01.01.2054 | 2.28% |
| LOUISIANA PUB FACS AUTH SOLID WASTE DISP FAC REV | LA.LASFAC 10.01.2043 | 2.19% |
| BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV | AL.BBEUTL 02.01.2053 | 1.95% |
| UTILITY DEBT SECURITIZATION AUTH N Y | NY.UTLUTL 5 12.15.2033 | 1.88% |
| TRIBOROUGH BRDG & TUNL AUTH N Y PAYROLL MOBILITY TAX | NY.TRBTRN 04.01.2026 | 1.62% |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV | CA.CCEDEV 12.01.2053 | 1.54% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 31, 2025 | $0.02948 | Jul 31, 2025 |
| Jun 30, 2025 | $0.02922 | Jun 30, 2025 |
| May 30, 2025 | $0.02859 | May 30, 2025 |
| Apr 30, 2025 | $0.03008 | Apr 30, 2025 |
| Mar 31, 2025 | $0.02865 | Mar 31, 2025 |
| Feb 28, 2025 | $0.0271 | Feb 28, 2025 |