BlackRock Short Duration Muni Fund Institutional Shares (MALMX)

Fund Assets	500.91M
Expense Ratio	0.37%
Min. Investment	$2,000,000
Turnover	66.00%
Dividend (ttm)	0.35
Dividend Yield	3.49%
Dividend Growth	0.91%
Payout Frequency	Monthly
Ex-Dividend Date	Jul 31, 2026

Previous Close	9.89
YTD Return	0.88%
1-Year Return	3.00%
5-Year Return	12.13%
52-Week Low	9.86
52-Week High	10.09
Beta (5Y)	0.03
Holdings	229
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.

• Fund Family: BlackRock
• Category: Muni National Short
• Performance Rating: Above Average
• Risk Rating: Average
• Stock Exchange: NASDAQ
• Ticker Symbol: MALMX
• Index: S&P Municipal Bond TR USD

Performance

MALMX had a total return of 3.00% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.08%.

Dividend History

Ex-Dividend	Amount	Pay Date
Jul 31, 2026	$0.0287	Jul 31, 2026
Jun 30, 2026	$0.02828	Jun 30, 2026
May 29, 2026	$0.02782	May 29, 2026
Apr 30, 2026	$0.02857	Apr 30, 2026
Mar 31, 2026	$0.02799	Mar 31, 2026
Feb 27, 2026	$0.02873	Feb 27, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Aug 27, 2026

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