BlackRock Short Duration Muni Fund Investor A Shares (MELMX)
| Fund Assets | 504.26M |
| Expense Ratio | 0.62% |
| Min. Investment | $1,000 |
| Turnover | 66.00% |
| Dividend (ttm) | 0.32 |
| Dividend Yield | 3.13% |
| Dividend Growth | 1.90% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2026 |
| Previous Close | 9.97 |
| YTD Return | 1.18% |
| 1-Year Return | 3.79% |
| 5-Year Return | 11.15% |
| 52-Week Low | 9.89 |
| 52-Week High | 10.10 |
| Beta (5Y) | 0.02 |
| Holdings | 223 |
| 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 3.79% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.44%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| 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 |
| Jan 30, 2026 | $0.02579 | Jan 30, 2026 |