BlackRock GA Enhanced Equity Fund

C000186832 Fund Overview

BlackRock GA Enhanced Equity Fund is a US mutual fund managed by Managed Account Series, categorised as United States Large Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: Managed Account Series
• Category: United States Large Cap Blend / Core Equity
• Assets under management: $1.88B
• 1-year return: 15.2%
• SEC CIK: 0001323737
• SEC series ID: S000057852
• Share class ID: C000186832

C000186832 Investment Objective and Strategy

BlackRock GA Enhanced Equity Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Managed Account Series.

Investment objective

The investment objective of the BlackRock GA Enhanced Equity Fund (the “Fund”) is to seek to provide total return.

Principal investment strategy

The Fund will, under normal circumstances, invest at least 80% of its net assets (plus borrowings for investment purposes) in equity securities. The Fund seeks to achieve its investment objective by investing in both equity and fixed-income securities, including money market securities and other short-term securities or instruments, of issuers located around the world. Equity securities include common stock, preferred stock, securities convertible into common stock, American Depository Receipts, or securities or other instruments whose price is linked to the value of common stock. The combination of equity securities will be varied from time to time both with respect to types of securities and markets in response to changing market and economic trends. The Fund may invest in the securities of companies of any market capitalization.

The Fund may also invest in Real Estate Investment Trusts. Generally, the Fund seeks diversification across markets, industries and issuers. In making investment decisions, Fund management seeks to identify the long term trends and changes that Fund management believes could benefit particular markets and/or industries relative to other markets and industries. Fund management will consider a variety of factors when selecting the markets, such as the rate of economic growth, natural resources, capital reinvestment and the social and political environment. The Fund may invest in developed and emerging markets, including frontier markets. This flexibility allows Fund management to look for investments in markets around the world that it believes will provide the best relative asset allocation to meet the Funds objective.

In pursuing its investment objective, the Fund may utilize short positions. The Fund expects to implement short positions through short sales of any instrument that the Fund may purchase for investment or by using options, swaps, futures, forwards, contracts for difference or other derivative instruments. With respect to the Funds fixed-income investments, the Fund may invest in all types of debt securities, including, but not limited to, U.S. and foreign government bonds, corporate bonds and convertible bonds, structured notes, credit-linked notes, loan assignments and participations, mortgage- and asset-backed securities, and securities issued or guaranteed by certain international organizations such as the World Bank. The Fund may invest in junk bonds, corporate loans and distressed securities.

These securities offer the possibility of relatively higher returns but are significantly riskier than higher rated debt securities. The Fund may invest in debt securities of any maturity or duration. The Fund may use derivatives, including options, futures, indexed securities, inverse securities, swaps (including, but not limited to, total return swaps that may be referred to as contracts for difference), credit default swaps and forward contracts both to seek to increase the return of the Fund and to hedge (or protect) the value of its assets against adverse movements in currency exchange rates, interest rates and movements in the securities markets. Derivatives are financial instruments whose value is derived from another security, a commodity (such as oil or gas), a currency or an index.

The Fund has the ability to use forward currency contracts and other currency derivatives. From time to time, the Fund may own foreign cash equivalents or foreign bank deposits as part of the Funds investment strategy. The Fund may also invest in non-U.S. currencies, however, the Fund may underweight or overweight a currency based on the Fund management teams outlook. The Fund may invest a portion of its assets in securities related to real assets (like real estate- or precious metals-related securities) such as stock, bonds or convertible bonds issued by real estate investment trusts or companies that mine precious metals. The Fund may hold a portion of its assets in cash or cash equivalents. The Fund may seek to provide exposure to the investment returns of real assets that trade in the commodity markets through investment in commodity-linked derivative instruments and investment vehicles such as exchange traded funds that invest exclusively in commodities and are designed to provide this exposure without direct investment in physical commodities.

The Fund may gain exposure to commodity markets by investing up to 25% of its total assets in Cayman GA Enhanced Equity Fund, Ltd. (the Subsidiary), a wholly owned subsidiary of the Fund formed in the Cayman Islands, which invests primarily in commodity-related instruments. The Subsidiary may also hold cash and invest in other instruments, including fixed income securities, either as investments or to serve as margin or collateral for the Subsidiarys derivative positions. The Subsidiary (unlike the Fund) may invest without limitation in commodity-related instruments.

C000186832 Holdings

Top 10 holdings of BlackRock GA Enhanced Equity Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all C000186832 holdings

C000186832 Portfolio Allocation

Asset-class allocation of BlackRock GA Enhanced Equity Fund by percentage of net assets, from the latest SEC N-PORT filing.

C000186832 Performance

Total returns for C000186832 (as of 2026-10-01), from SEC filings.

C000186832 Risk Information

Risk metrics for C000186832, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 12.0%

C000186832 Costs and Fees

C000186832 costs about $47 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.47%
• Gross expense ratio: 0.47%
• Portfolio turnover: 101%
• Brokerage commissions: 8.36 bps of average net assets (SEC N-CEN)

C000186832 Cashflows

Over the 12 months to 2025-07, BlackRock GA Enhanced Equity Fund had net inflows of $752.69M, from monthly SEC N-PORT filings.

C000186832 Debt Constituents

No individual debt constituents are reported in BlackRock GA Enhanced Equity Fund's latest SEC N-PORT filing.

C000186832 Prospectus and SEC Filings

Official BlackRock GA Enhanced Equity Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2025-08-26
• Prospectus (485BPOS) — filed 2024-08-28
• Prospectus (485BPOS) — filed 2023-08-25
• Portfolio holdings (N-PORT) — filed 2025-09-24
• Portfolio holdings (N-PORT) — filed 2025-06-26
• Portfolio holdings (N-PORT) — filed 2025-03-27
• Annual census (N-CEN) — filed 2025-07-11
• Annual census (N-CEN) — filed 2024-07-12

Related Funds

Other United States Large Cap Blend / Core Equity funds tracked on ABC INVEST:

• Vanguard Total Stock Market Index Fund (VTSMX)
• Vanguard 500 Index Fund (VFINX)
• iShares Core S&P 500 ETF (IVV)
• Fidelity 500 Index Fund (FXAIX)
• Vanguard Institutional Index Fund (VINIX)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.