BlackRock Short Duration Muni Fund Investor A Shares (MELMX)

Fund Assets	513.62M
Expense Ratio	0.602%
Min. Investment	$1,000
Turnover	44.00%
Dividend (ttm)	0.32
Dividend Yield	3.28%
Dividend Growth	-0.57%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	9.70
YTD Return	-0.25%
1-Year Return	0.47%
5-Year Return	9.85%
52-Week Low	9.58
52-Week High	10.10
Beta (5Y)	0.02
Holdings	237
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 0.47% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.35%.

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.02715	Sep 30, 2026
Aug 31, 2026	$0.02643	Aug 31, 2026
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

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:

Oct 16, 2026

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