BlackRock California Muni Opps Inv A (MECMX)
| Fund Assets | 2.37B |
| Expense Ratio | 0.79% |
| Min. Investment | $1,000 |
| Turnover | 117.00% |
| Dividend (ttm) | 0.37 |
| Dividend Yield | 2.93% |
| Dividend Growth | 8.26% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Oct 31, 2025 |
| Previous Close | 11.95 |
| YTD Return | 0.91% |
| 1-Year Return | 1.82% |
| 5-Year Return | 7.46% |
| 52-Week Low | 11.39 |
| 52-Week High | 12.14 |
| Beta (5Y) | 0.25 |
| Holdings | 271 |
| 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 1.82% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.39%.
Top 10 Holdings
26.20% of assets| Name | Symbol | Weight |
|---|---|---|
| BlackRock Liquidity Funds - MuniCash | MCSXX | 6.46% |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV | CA.CCEDEV 03.01.2056 | 3.21% |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV | CA.CCEDEV 02.01.2055 | 3.01% |
| CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV | CA.CASDEV 01.01.2065 | 2.78% |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV | CA.CCEDEV 02.01.2054 | 2.65% |
| United States Treasury Bills | B.0 09.04.25 | 2.19% |
| SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV | CA.SFOAPT 5 05.01.2047 | 1.57% |
| EAST BAY CALIF MUN UTIL DIST WTR SYS REV | CA.EBYWTR 5 06.01.2042 | 1.49% |
| SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV | CA.SFOAPT 5 05.01.2046 | 1.47% |
| SACRAMENTO CNTY CALIF ARPT SYS REV | CA.SACAPT 5.25 07.01.2049 | 1.38% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Oct 31, 2025 | $0.03054 | Oct 31, 2025 |
| Sep 30, 2025 | $0.03364 | Sep 30, 2025 |
| Aug 29, 2025 | $0.03324 | Aug 29, 2025 |
| Jul 31, 2025 | $0.03462 | Jul 31, 2025 |
| Jun 30, 2025 | $0.03435 | Jun 30, 2025 |
| May 30, 2025 | $0.03337 | May 30, 2025 |