BlackRock Short Duration Muni Inv A (MELMX)
| Fund Assets | 465.84M |
| Expense Ratio | 0.61% |
| Min. Investment | $1,000 |
| Turnover | 90.00% |
| Dividend (ttm) | 0.32 |
| Dividend Yield | 3.11% |
| Dividend Growth | 6.72% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | n/a |
| Previous Close | 9.94 |
| YTD Return | 2.06% |
| 1-Year Return | 3.01% |
| 5-Year Return | 6.02% |
| 52-Week Low | 9.70 |
| 52-Week High | 9.99 |
| Beta (5Y) | n/a |
| Holdings | 197 |
| Inception Date | Nov 2, 1979 |
About MELMX
BlackRock Short Duration Municipal Fund Investor A Shares is an actively managed open‑end mutual fund focused on generating a high level of income that is exempt from U.S. federal income taxes. The portfolio primarily invests at least 80% of assets in municipal bonds and notes, emphasizing investment‑grade securities and short to intermediate structures to maintain a limited interest‑rate profile. The strategy targets a short duration—kept within roughly four years—to help moderate price sensitivity to rate movements while pursuing consistent tax‑advantaged income. The fund’s mandate includes instruments such as variable rate demand obligations and may employ derivatives for hedging or efficient exposure, with risk controls supported by dedicated municipal credit research and internal ratings independent of major agencies. Positioned within the Muni National Short category, it serves investors seeking federally tax‑exempt income with lower duration risk relative to broader municipal markets, using the Bloomberg 1–5 Year Municipal Bond Index as a benchmark reference. Key characteristics as of mid‑2025 include a multi‑hundred‑million‑dollar asset base, seasoned management, and an expense structure typical for its share class.
Performance
MELMX had a total return of 3.01% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.25%.
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 | $0.02747 | Jul 31, 2025 |
| Jun 30, 2025 | $0.02729 | Jun 30, 2025 |
| May 30, 2025 | $0.02659 | May 30, 2025 |
| Apr 30, 2025 | $0.02815 | Apr 30, 2025 |
| Mar 31, 2025 | $0.02664 | Mar 31, 2025 |
| Feb 28, 2025 | $0.02528 | Feb 28, 2025 |