BlackRock Short Duration Muni Fund Class K is an open‑end mutual fund focused on generating a high level of income exempt from U.S. federal income taxes by investing primarily in investment‑grade municipal bonds and notes with short interest‑rate sensitivity. The strategy maintains a portfolio duration of four years or less and emphasizes securities such as variable rate demand obligations, seeking stability of net asset value alongside consistent tax‑advantaged income. Managed by an experienced municipal team supported by dedicated credit research, the fund applies proprietary internal ratings and rigorous credit analysis to construct a diversified, high‑quality short‑maturity muni portfolio. It typically holds a broad mix across state and local issuers, with a notable allocation to A and AA rated credits to balance quality and yield within its short duration mandate. The fund distributes income monthly, reflecting its income‑oriented design for investors prioritizing tax‑efficient cash flows. Established in 2006, it has developed a track record within the national short municipal category, where it has received a Morningstar Medalist Rating of Bronze based on its team and process.
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