BlackRock California Municipal Opportunities Fund Investor A Shares (MECMX)
| Fund Assets | 2.31B |
| Expense Ratio | 0.79% |
| Min. Investment | $1,000 |
| Turnover | 77.00% |
| Dividend (ttm) | 0.40 |
| Dividend Yield | 3.26% |
| Dividend Growth | 11.08% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 11.59 |
| YTD Return | -1.96% |
| 1-Year Return | -1.68% |
| 5-Year Return | 4.03% |
| 52-Week Low | 11.39 |
| 52-Week High | 12.19 |
| Beta (5Y) | 0.22 |
| Holdings | 270 |
| 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 -1.68% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.27%.
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 | $0.03462 | Jul 31, 2025 |
| Jun 30, 2025 | $0.03435 | Jun 30, 2025 |
| May 30, 2025 | $0.03337 | May 30, 2025 |
| Apr 30, 2025 | $0.03427 | Apr 30, 2025 |
| Mar 31, 2025 | $0.03352 | Mar 31, 2025 |
| Feb 28, 2025 | $0.03246 | Feb 28, 2025 |