BlackRock Strategic Muni Opps Inv A (MEMTX)
| Fund Assets | 3.47B |
| Expense Ratio | 0.88% |
| Min. Investment | $1,000 |
| Turnover | 66.00% |
| Dividend (ttm) | 0.37 |
| Dividend Yield | 3.52% |
| Dividend Growth | 10.96% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 10.12 |
| YTD Return | -2.54% |
| 1-Year Return | -2.96% |
| 5-Year Return | 1.48% |
| 52-Week Low | 9.93 |
| 52-Week High | 10.78 |
| Beta (5Y) | 0.26 |
| Holdings | 612 |
| Inception Date | Oct 2, 2006 |
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.
Performance
MEMTX had a total return of -2.96% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.94%.
Top 10 Holdings
15.78% of assets| Name | Symbol | Weight |
|---|---|---|
| BlackRock Liquidity Funds - MuniCash | MCSXX | 5.29% |
| PUERTO RICO COMWLTH | n/a | 1.98% |
| ENERGY SOUTHEAST ALA COOP DIST ENERGY SUPPLY REV | AL.ESDPWR 04.01.2054 | 1.63% |
| CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV | CA.CASDEV 01.01.2065 | 1.61% |
| ST LOUIS MO ARPT REV | MO.STLAPT 5.25 07.01.2049 | 0.98% |
| BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV | AL.BBEUTL 01.01.2054 | 0.94% |
| SOUTHEAST ENERGY AUTH COOP DIST ALA COMMODITY SUPPLY REV | AL.SEEPWR 01.01.2054 | 0.94% |
| ENERGY SOUTHEAST ALA COOP DIST ENERGY SUPPLY REV | AL.ESDPWR 11.01.2053 | 0.93% |
| BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV | AL.BBEUTL 10.01.2054 | 0.76% |
| ARKANSAS ST DEV FIN AUTH INDL DEV REV | AR.ARSDEV 7.38 07.01.2048 | 0.73% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 31, 2025 | $0.03242 | Jul 31, 2025 |
| Jun 30, 2025 | $0.03311 | Jun 30, 2025 |
| May 30, 2025 | $0.03206 | May 30, 2025 |
| Apr 30, 2025 | $0.03169 | Apr 30, 2025 |
| Mar 31, 2025 | $0.03184 | Mar 31, 2025 |
| Feb 28, 2025 | $0.02876 | Feb 28, 2025 |