BlackRock Strategic Muni Opps K (MKMTX)
| Fund Assets | 3.44B |
| Expense Ratio | 0.59% |
| Min. Investment | $5,000,000 |
| Turnover | 66.00% |
| Dividend (ttm) | 0.40 |
| Dividend Yield | 3.87% |
| Dividend Growth | 8.50% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 10.44 |
| YTD Return | 0.12% |
| 1-Year Return | -1.07% |
| 5-Year Return | 5.18% |
| 52-Week Low | 9.93 |
| 52-Week High | 10.78 |
| Beta (5Y) | n/a |
| Holdings | 616 |
| Inception Date | Jan 25, 2018 |
About MKMTX
BlackRock Strategic Municipal Opportunities Fund Class K is an open-end fixed income mutual fund focused on delivering tax-advantaged income through investments in U.S. municipal bonds. The fund is managed with a flexible approach, adapting its portfolio allocation in response to shifting interest rate environments and varying municipal credit conditions. Its primary objective is to generate attractive after-tax returns for investors by primarily investing in bonds issued by state and local governments, agencies, and related entities, with exposure across sectors such as education, healthcare, housing, and utilities. The fund’s portfolio is diversified across a broad range of issuers and credit qualities, with a significant allocation to investment-grade municipal bonds, but also includes positions in high-yield and non-rated securities to capture a wider spectrum of potential income opportunities. As of June 2025, it held assets exceeding $3.5 billion and reported more than 600 issuers in its portfolio. Notably, the fund may use derivatives for hedging or opportunistic purposes and occasionally employs short-selling strategies to enhance risk-adjusted returns. Positioned within the Muni National Long category, BlackRock Strategic Municipal Opportunities Fund Class K serves investors seeking diversified municipal bond exposure with an emphasis on flexible risk management and tax efficiency.
Performance
MKMTX had a total return of -1.07% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.27%.
Top 10 Holdings
16.11% of assets| Name | Symbol | Weight |
|---|---|---|
| BlackRock Liquidity Funds - MuniCash | MCSXX | 5.74% |
| PUERTO RICO COMWLTH | PR.PRC 11.01.2051 | 2.10% |
| ENERGY SOUTHEAST ALA COOP DIST ENERGY SUPPLY REV | AL.ESDPWR 04.01.2054 | 1.68% |
| CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV | CA.CASDEV 01.01.2065 | 1.52% |
| BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV | AL.BBEUTL 01.01.2054 | 0.97% |
| SOUTHEAST ENERGY AUTH COOP DIST ALA COMMODITY SUPPLY REV | AL.SEEPWR 01.01.2054 | 0.96% |
| ENERGY SOUTHEAST ALA COOP DIST ENERGY SUPPLY REV | AL.ESDPWR 11.01.2053 | 0.94% |
| BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV | AL.BBEUTL 10.01.2054 | 0.78% |
| ARKANSAS ST DEV FIN AUTH INDL DEV REV | AR.ARSDEV 7.38 07.01.2048 | 0.73% |
| TRIBOROUGH BRDG & TUNL AUTH N Y PAYROLL MOBILITY TAX | NY.TRBTRN 5.25 05.15.2052 | 0.71% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.03334 | Aug 29, 2025 |
| Jul 31, 2025 | $0.03499 | Jul 31, 2025 |
| Jun 30, 2025 | $0.0356 | Jun 30, 2025 |
| May 30, 2025 | $0.03465 | May 30, 2025 |
| Apr 30, 2025 | $0.0342 | Apr 30, 2025 |
| Mar 31, 2025 | $0.03439 | Mar 31, 2025 |