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) | 0.41 |
| Dividend Yield | 3.32% |
| Dividend Growth | 5.93% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Apr 30, 2026 |
| Previous Close | 11.78 |
| YTD Return | -0.15% |
| 1-Year Return | 3.77% |
| 5-Year Return | 4.31% |
| 52-Week Low | 11.44 |
| 52-Week High | 12.01 |
| Beta (5Y) | 0.24 |
| Holdings | 263 |
| 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 3.77% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.44%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Apr 30, 2026 | $0.03571 | Apr 30, 2026 |
| Mar 31, 2026 | $0.03575 | Mar 31, 2026 |
| Feb 27, 2026 | $0.03615 | Feb 27, 2026 |
| Jan 30, 2026 | $0.03523 | Jan 30, 2026 |
| Dec 31, 2025 | $0.03519 | Dec 31, 2025 |
| Nov 28, 2025 | $0.03047 | Nov 28, 2025 |