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Morningstar

BlackRock California Muni Opps Instl MACMX

Morningstar Medalist Rating
Medalist Rating as of | See BlackRock Investment Hub
  • NAV / 1-Day Return 12.03  /  +0.19 %
  • Total Assets 2.3 Bil
  • Adj. Expense Ratio
    0.450%
  • Expense Ratio 0.610%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category Muni California Intermediate
  • Credit Quality / Interest Rate Sensitivity High/Moderate
  • Min. Initial Investment 2.0 Mil
  • Status Open
  • TTM Yield 3.16%
  • Effective Duration 5.80 years

USD | NAV as of Jul 05, 2024 | 1-Day Return as of Jul 05, 2024, 10:22 PM GMT+0

Morningstar’s Analysis MACMX

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

  • People Pillar

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

BlackRock California Muni Opps Instl 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

The portfolio maintains a cost advantage over competitors, priced within the second-lowest fee quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings MACMX

More MACMX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 9.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

BlackRock Liquidity MuniCash Instl

5.84 133.3 Mil
Cash and Equivalents

Cash Offset

4.38 99.9 Mil
—

VENTURA CNTY CALIF

2.29 52.3 Mil
Cash and Equivalents

United States Treasury Bills

2.18 49.8 Mil
Government

United States Treasury Bills

2.16 49.3 Mil
Government

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV

1.97 44.9 Mil
municipal

SAN FRANCISCO CALIF CITY & CNTY PUB UTILS COMMN WASTEWATER REV

1.92 43.8 Mil
municipal

United States Treasury Bills

1.74 39.7 Mil
Government

EASTERN MUN WTR FING AUTH CALIF WTR & WASTEWATER REV

1.58 36.0 Mil
municipal

SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV

1.55 35.5 Mil
municipal