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Morningstar

BlackRock California Muni Opps Inv C MFCMX

Morningstar Medalist Rating
Medalist Rating as of | See BlackRock Investment Hub
  • NAV / 1-Day Return 11.33  /  0.61 %
  • Total Assets 2.3 Bil
  • Adj. Expense Ratio
    1.440%
  • Expense Ratio 1.470%
  • Distribution Fee Level Below Average
  • Share Class Type Level Load
  • Category Muni California Intermediate
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 1.94%
  • Effective Duration 5.53 years

USD | NAV as of Sep 28, 2023 | 1-Day Return as of Sep 28, 2023, 10:24 PM GMT+0

Morningstar’s Analysis MFCMX

Will MFCMX 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 MFCMX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the MFCMX 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 MFCMX’s parent organization’s priorities and whether they’re in line with investors’ interests.

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

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 highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings MFCMX

More MFCMX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 301
  • Other Holdings 20
  • % Assets in Top 10 Holdings −11.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Cash Offset

24.74
604,265,594
—

BlackRock Liquidity CA Money Instl

9.16
223,801,390
Cash and Equivalents

VENTURA CNTY CALIF

3.09
75,382,229
municipal

Restructured Puerto Rico Electric

2.89
70,632,956
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV

2.14
52,354,148
municipal

SAN FRANCISCO CALIF CITY & CNTY PUB UTILS COMMN WASTEWATER REV

1.83
44,798,969
municipal

SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV

1.73
42,175,710
municipal

EASTERN MUN WTR FING AUTH CALIF WTR & WASTEWATER REV

1.56
38,100,024
municipal

SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV

1.45
35,369,199
municipal

CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV

1.43
35,027,530
municipal