BlackRock California Municipal Opportunities Fund Institutional shares (MACMX)

Fund Assets	2.46B
Expense Ratio	0.47%
Min. Investment	$2,000,000
Turnover	79.00%
Dividend (ttm)	0.44
Dividend Yield	3.76%
Dividend Growth	4.40%
Payout Frequency	Monthly
Ex-Dividend Date	Jul 31, 2026

Previous Close	11.77
YTD Return	0.98%
1-Year Return	5.03%
5-Year Return	5.63%
52-Week Low	11.64
52-Week High	12.05
Beta (5Y)	0.13
Holdings	290
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.

• Fund Family: BlackRock
• Category: Muni California Long
• Performance Rating: Average
• Risk Rating: Low
• Stock Exchange: NASDAQ
• Ticker Symbol: MACMX
• Index: Index is not available on Lipper Database

Performance

MACMX had a total return of 5.03% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.66%.

Dividend History

Ex-Dividend	Amount	Pay Date
Jul 31, 2026	$0.03867	Jul 31, 2026
Jun 30, 2026	$0.03837	Jun 30, 2026
May 29, 2026	$0.0378	May 29, 2026
Apr 30, 2026	$0.03808	Apr 30, 2026
Mar 31, 2026	$0.03825	Mar 31, 2026
Feb 27, 2026	$0.03843	Feb 27, 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:

Aug 27, 2026

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