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Morningstar

BlackRock California Muni Opps Inv A MECMX

Morningstar Medalist Rating
Medalist Rating as of | See BlackRock Investment Hub
  • NAV / 1-Day Return 11.86  /  +0.01 %
  • Total Assets 2.3 Bil
  • Adj. Expense Ratio
    0.700%
  • Expense Ratio 0.860%
  • Distribution Fee Level Below Average
  • Share Class Type Front Load
  • Category Muni California Intermediate
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 2.82%
  • Effective Duration 6.13 years

USD | NAV as of Apr 23, 2024 | 1-Day Return as of Apr 23, 2024, 10:14 PM GMT+0

Morningstar’s Analysis MECMX

Will MECMX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MECMX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the MECMX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of MECMX’s parent organization’s priorities and whether they’re in line with investors’ interests.

BlackRock California Muni Opps Inv A boasts strong People and Process Pillar ratings, but other weaknesses hold this strategy's Morningstar Medalist Rating at Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings MECMX

More MECMX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 16.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

BlackRock Liquidity MuniCash Instl

6.53 149.3 Mil
Cash and Equivalents

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV

2.39 54.5 Mil
municipal

VENTURA CNTY CALIF

2.27 51.8 Mil
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV

2.25 51.5 Mil
municipal

United States Treasury Bills

2.19 49.9 Mil
Government

United States Treasury Bills

2.14 48.8 Mil
Government

SAN FRANCISCO CALIF CITY & CNTY PUB UTILS COMMN WASTEWATER REV

1.98 45.3 Mil
municipal

United States Treasury Bills

1.72 39.3 Mil
Government

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV

1.66 38.0 Mil
municipal

EASTERN MUN WTR FING AUTH CALIF WTR & WASTEWATER REV

1.63 37.2 Mil
municipal