BlackRock Short Duration Muni Fund Investor A Shares (MELMX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD

9.90

0.00 (0.00%)

At close: Aug 26, 2026

-0.50% (1Y)

Fund Assets	500.91M
Expense Ratio	0.62%
Min. Investment	$1,000
Turnover	66.00%
Dividend (ttm)	0.32
Dividend Yield	3.25%
Dividend Growth	0.87%
Payout Frequency	Monthly
Ex-Dividend Date	Jul 31, 2026

Previous Close	9.90
YTD Return	0.85%
1-Year Return	2.75%
5-Year Return	10.76%
52-Week Low	9.87
52-Week High	10.10
Beta (5Y)	0.02
Holdings	229
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.

Fund Family BlackRock

Category Muni National Short

Performance Rating Above Average

Risk Rating Average

Stock Exchange NASDAQ

Ticker Symbol MELMX

Index S&P Municipal Bond TR USD

Performance

MELMX had a total return of 2.75% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.42%.

Dividend History

Ex-Dividend	Amount	Pay Date
Jul 31, 2026	$0.0267	Jul 31, 2026
Jun 30, 2026	$0.02634	Jun 30, 2026
May 29, 2026	$0.02581	May 29, 2026
Apr 30, 2026	$0.02662	Apr 30, 2026
Mar 31, 2026	$0.02597	Mar 31, 2026
Feb 27, 2026	$0.02689	Feb 27, 2026

Full Dividend History