BlackRock Short Duration Muni Fund Institutional Shares (MALMX)
| Fund Assets | 504.26M |
| Expense Ratio | 0.37% |
| Min. Investment | $2,000,000 |
| Turnover | 66.00% |
| Dividend (ttm) | 0.35 |
| Dividend Yield | 3.47% |
| Dividend Growth | 1.87% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2026 |
| Previous Close | 9.97 |
| YTD Return | 1.20% |
| 1-Year Return | 4.05% |
| 5-Year Return | 12.52% |
| 52-Week Low | 9.88 |
| 52-Week High | 10.09 |
| Beta (5Y) | 0.03 |
| Holdings | 223 |
| 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 4.05% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.10%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| 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 |
| Jan 30, 2026 | $0.02785 | Jan 30, 2026 |