BlackRock California Municipal Opportunities Fund Investor A Shares (MECMX)
| Fund Assets | 2.43B |
| Expense Ratio | 0.71% |
| Min. Investment | $1,000 |
| Turnover | 117.00% |
| Dividend (ttm) | 0.40 |
| Dividend Yield | 3.21% |
| Dividend Growth | 6.46% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 12.48 |
| YTD Return | 0.69% |
| 1-Year Return | 3.56% |
| 5-Year Return | 4.49% |
| 52-Week Low | 11.58 |
| 52-Week High | 12.49 |
| Beta (5Y) | 0.25 |
| Holdings | 227 |
| Inception Date | Oct 2, 2006 |
About MECMX
BlackRock California Municipal Opportunities Fund Investor A Shares is a mutual fund focused on generating income exempt from both federal and California state income taxes. The fund primarily invests at least 80% of its assets in municipal bonds issued within California, providing capital to local infrastructure, public services, and development projects across the state. At least half of its holdings consist of investment-grade securities, while up to 50% can be allocated to non-investment-grade bonds, offering a balance between credit quality and income potential. The fund employs a flexible approach, investing in both fixed and variable rate obligations and adapting to changing municipal bond market conditions to pursue tax-advantaged returns. It is notable for its relatively high yield compared to peers and its strategic role for investors seeking tax-efficient income, especially those subject to California tax, while playing a vital role in supporting municipal projects and public initiatives within the state.
Performance
MECMX had a total return of 3.56% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.81%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.03523 | Jan 30, 2026 |
| Dec 31, 2025 | $0.03519 | Dec 31, 2025 |
| Nov 28, 2025 | $0.03047 | Nov 28, 2025 |
| Oct 31, 2025 | $0.03054 | Oct 31, 2025 |
| Sep 30, 2025 | $0.03364 | Sep 30, 2025 |
| Aug 29, 2025 | $0.03324 | Aug 29, 2025 |