BlackRock California Municipal Opportunities Fund (MACMX)
| Fund Assets | 2.21B |
| Expense Ratio | 0.54% |
| Min. Investment | $2,000,000 |
| Turnover | 117.00% |
| Dividend (ttm) | 0.42 |
| Dividend Yield | 3.65% |
| Dividend Growth | 10.32% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 11.62 |
| YTD Return | -1.80% |
| 1-Year Return | -1.05% |
| 5-Year Return | 5.14% |
| 52-Week Low | 11.40 |
| 52-Week High | 12.17 |
| Beta (5Y) | n/a |
| Holdings | 270 |
| Inception Date | Oct 21, 1988 |
About MACMX
BlackRock California Municipal Opportunities Fund Institutional Shares is a municipal bond mutual fund designed to provide investors with income that is exempt from both federal and California state income taxes. The fund primarily invests at least 80% of its assets in municipal bonds issued by California state and local governments, with at least half of the portfolio allocated to investment-grade securities. Under normal market conditions, the fund offers exposure to both fixed and variable rate obligations and may allocate up to 50% to non-investment grade bonds, enhancing its flexibility to seek attractive yields within the municipal bond market. This fund targets intermediate-term California municipal bonds, typically holding securities with maturities of four to twelve years, and maintains an effective duration near six years. By distributing monthly income, it is generally appealing to California residents and institutions seeking tax-advantaged income. Managed by BlackRock, one of the world's largest asset managers, the fund boasts a diversified portfolio with hundreds of bond holdings that finance essential public projects such as infrastructure, clean energy, and utilities throughout California. With a long performance history since its inception in 1988, this fund plays a significant role in facilitating capital for California's public sector while offering institutional investors a specialized vehicle for managing state-specific, tax-exempt fixed income exposure.
Performance
MACMX had a total return of -1.05% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.59%.
Top 10 Holdings
22.30% of assets| Name | Symbol | Weight |
|---|---|---|
| CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV | CA.CASDEV 01.01.2065 | 2.94% |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV | CA.CCEDEV 02.01.2055 | 2.91% |
| BlackRock Liquidity Funds - MuniCash | MCSXX | 2.75% |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV | CA.CCEDEV 02.01.2054 | 2.58% |
| United States Treasury Bills | B.0 07.31.25 | 2.16% |
| United States Treasury Bills | B.0 09.04.25 | 2.15% |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV | CA.CCEDEV 03.01.2056 | 1.84% |
| UNIV CALIF REGTS MED CTR POOLED REV | CA.UNVHGR 5 05.15.2047 | 1.78% |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV | CA.CCEDEV 05.01.2054 | 1.65% |
| SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV | CA.SFOAPT 5 05.01.2047 | 1.54% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 31, 2025 | $0.0371 | Jul 31, 2025 |
| Jun 30, 2025 | $0.03668 | Jun 30, 2025 |
| May 30, 2025 | $0.0358 | May 30, 2025 |
| Apr 30, 2025 | $0.03663 | Apr 30, 2025 |
| Mar 31, 2025 | $0.03592 | Mar 31, 2025 |
| Feb 28, 2025 | $0.03464 | Feb 28, 2025 |