Precisec ontrol in dispersing nanostructured materials in ap olymer blend structure is ak ey requirement in designing materials with tailor-made properties. In this study, the dispersion of ac onducting additive (multiwalledc arbon nanotubes, MWNTs) in ac o-continuous polymer blend structure was controlled by introducing surface-active groups, which react in situ and localize in the thermodynamically nonpreferred phase. In addition, by modifying the MWNTs with am acromolecule, which is mutuallym iscible with the entities, the nanoscopic particles can be localized at the interface. This way,d ifferent MWNTs can be positioned in different phases under macroscopic processingc onditions. Herein, we report that this unique strategy has led to simultaneous enhancement in both mechanical strength and electrical conductivity of the blend nanocomposites. In addition, intriguingly,t he microwave shielding efficiency can also be tuned by this ordered arrangement of MWNTs in the blend structure in strikingc ontrast to when the MWNTsa re in the thermodynamically favored phase. An outstanding two-fold enhancement in the Young'sm odulus, as comparedt oc ontrol blends,a nd an impressive bulk electrical conductivity of 1Sm À1 was noted for ap articular blend structure wherein different MWNTs were positioned in different phases. In addition, the best blend structure designed here also exhibited am inimum reflection loss (R L )o fa pproximately À61 dB and as hielding effectiveness of > 30 dB at 18 GHz. These data uncover the importance of polymer blends in designing lightweight electromagnetic interference (EMI) shielding materials.