BlackRock California Muni Opps Inv A (MECMX)
| Fund Assets | 2.29B |
| Expense Ratio | 0.79% |
| Min. Investment | $1,000 |
| Turnover | 117.00% |
| Dividend (ttm) | 0.40 |
| Dividend Yield | 3.23% |
| Dividend Growth | 10.24% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 11.76 |
| YTD Return | -1.54% |
| 1-Year Return | -1.27% |
| 5-Year Return | 4.75% |
| 52-Week Low | 11.39 |
| 52-Week High | 12.16 |
| Beta (5Y) | 0.23 |
| 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 -1.27% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.28%.
Top 10 Holdings
23.76% of assets| Name | Symbol | Weight |
|---|---|---|
| California Cmnty Choice Fing A | n/a | 3.41% |
| BlackRock Liquidity Funds - MuniCash | MCSXX | 3.37% |
| California Cmnty Choice Fing A | n/a | 3.06% |
| California Infrastructure & Ec | n/a | 2.82% |
| California Cmnty Choice Fing A | n/a | 2.70% |
| United States Treasury Bills | B.0 09.04.25 | 2.25% |
| SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV | CA.SFOAPT 5 05.01.2047 | 1.59% |
| EAST BAY CALIF MUN UTIL DIST WTR SYS REV | CA.EBYWTR 5 06.01.2042 | 1.54% |
| California Cmnty Choice Fing A | n/a | 1.52% |
| SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV | CA.SFOAPT 5 05.01.2046 | 1.50% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| 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 |
| Apr 30, 2025 | $0.03427 | Apr 30, 2025 |
| Mar 31, 2025 | $0.03352 | Mar 31, 2025 |