About MEMTX
BlackRock Strategic Municipal Opportunities Fund Investor A Shares is an actively managed municipal bond mutual fund designed to provide a high level of income that is generally exempt from federal income taxes. The strategy employs a flexible, opportunistic approach across the municipal market, typically investing at least 80% of assets in municipal bonds and dynamically adjusting across credit quality, sectors, and maturities. It can allocate to both investment grade and high yield municipal securities, with the ability to hold a meaningful share in below‑investment‑grade issues when the team sees value. The portfolio spans hundreds of holdings and targets an average duration within a broad zero‑to‑ten‑year range, allowing managers to adapt to changing interest rate environments. Sector exposures commonly include state and local tax‑backed issuers, utilities, transportation, healthcare, education, and housing, complemented by active use of cash and derivatives to manage risk and positioning. The fund seeks to blend income generation with risk-aware total return, reflecting BlackRock’s municipal research platform and tactical allocation process across the national muni landscape.
Fund Family BlackRock
Category Muni National Long
Performance Rating Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol MEMTX
Index Bloomberg Municipal Bond TR
MEMTX had a total return of 2.32% in the past year, including dividends. Since the fund's
inception, the average annual return has been 6.30%.
