NPORT-EX 1 NPORT_11108167520138854.htm

BlackRock Floating Rate Income Trust

Schedule of Investments  (unaudited) July 31, 2019 BlackRock Floating Rate Income Trust (BGT) (Percentages shown are based on Net Assets)

Security		Shares								Value
Common Stocks — 0.2%
Auto Components — 0.0%
Lear Corp.							89			$	11,283
Health Care Management Services — 0.0%
New Millennium HoldCo, Inc.(a)							9,191				92
Household Durables — 0.0%
Berkline Benchcraft Equity LLC(a)(b)							6,155				—
Media — 0.1%
Clear Channel Outdoor Holdings, Inc.(a)							72,096				218,451
iHeartMedia, Inc., Class A(a)							3,601				53,871
											272,322
Metals & Mining — 0.0%
Ameriforge Group, Inc.(a)							832				45,760
Preferred Proppants LLC(b)							7,476				16,821
											62,581
Software — 0.0%
Avaya Holdings Corp.(a)							38				458
Utilities — 0.1%
Texgen LLC(a)(b)							5,193				199,930
Total Common Stocks — 0.2% (Cost — $799,516)											546,666

Security		Par (000)								Value
Corporate Bonds — 1.6%
Diversified Consumer Services — 0.0%
Prime Security Services Borrower LLC/Prime Finance, Inc., 9.25%, 05/15/23(c)			USD				106			$	111,366
Diversified Telecommunication Services — 0.0%
Level 3 Financing, Inc., 6.13%, 01/15/21							126				126,000
Electric Utilities — 0.0%
Texas Competitive Electric Holdings Co. LLC/TCEH Finance, Inc., 11.50%, 10/01/20(b)(c)							654				—
Health Care Services — 0.0%
Avaya, Inc. Escrow, 7.00%, 04/01/19(a)(b)(c)(d)							827				—
Household Products — 0.0%
Berkline Benchcraft LLC, 4.50%, 06/01/20(a)(b)(d)							400				—
Industrial Conglomerates — 0.2%
Project Spring, (Acquired 05/09/19, cost $528,376), 10.00%, 06/30/24(b)(c)(e)							544				546,720
Machinery — 0.0%
Colfax Corp., 6.00%, 02/15/24(c)							126				133,442
Media — 0.2%
Clear Channel Worldwide Holdings, Inc., Series B, 6.50%, 11/15/22							602				614,642
CSC Holdings LLC, 10.88%, 10/15/25(c)							65				74,040
											688,682
Metals & Mining — 0.3%
Freeport-McMoRan, Inc.:
3.55%, 03/01/22							660				661,696
3.88%, 03/15/23							375				375,825
											1,037,521
Oil, Gas & Consumable Fuels — 0.5%
CNX Resources Corp., 5.88%, 04/15/22							900				857,565
CONSOL Energy, Inc., 11.00%, 11/15/25(c)							605				641,300
											1,498,865
Software — 0.4%
Infor US, Inc., 6.50%, 05/15/22							720				732,600
Informatica LLC, 7.13%, 07/15/23(c)							405				412,594
											1,145,194
Total Corporate Bonds — 1.6% (Cost — $5,299,798)											5,287,790

1

Schedule of Investments  (unaudited) (continued) July 31, 2019 BlackRock Floating Rate Income Trust (BGT) (Percentages shown are based on Net Assets)

Security		Par (000)								Value
Floating Rate Loan Interests(f) — 134.8%
Aerospace & Defense — 2.7%
1199169 B.C. Unlimited Liability Co., 2019 Term Loan B2, (3 mo. LIBOR + 4.00%), 6.33%, 04/06/26			USD				1,132			$	1,138,342
Atlantic Aviation FBO, Inc., 2018 Term Loan B, (1 mo. LIBOR + 3.75%), 5.99%, 12/06/25(b)							717				725,466
Dynasty Acquisition Co., Inc., 2019 Term Loan B1, (3 mo. LIBOR + 4.00%), 6.33%, 04/06/26							2,106				2,117,316
MRO Holdings, Inc., 2019 Term Loan B, (3 mo. LIBOR + 5.00%), 7.48%, 06/04/26							665				663,338
Nordam Group, Inc., Term Loan B, (1 mo. LIBOR + 5.50%), 7.88%, 04/03/26(b)							471				469,643
TransDigm, Inc., 2018 Term Loan F, (3 mo. LIBOR + 2.50%), 4.83%, 06/09/23							3,870				3,847,670
											8,961,775
Air Freight & Logistics — 0.3%
Avolon TLB Borrower 1 (US) LLC, Term Loan B3, (1 mo. LIBOR + 1.75%), 4.02%, 01/15/25							1,077				1,079,149
Airlines — 0.9%
Allegiant Travel Co., Term Loan B, (3 mo. LIBOR + 4.50%), 7.07%, 02/05/24							924				923,685
American Airlines, Inc.:
2017 1st Lien Term Loan, (1 mo. LIBOR + 2.00%), 4.38%, 10/12/21							759				758,125
2017 Incremental Term Loan, 12/14/23(g)							482				479,459
Repriced TL B due 2023, (1 mo. LIBOR + 2.00%), 4.24%, 04/28/23							665				662,458
											2,823,727
Auto Components — 1.3%
Adient US LLC, Term Loan B, (3 mo. LIBOR + 4.25%), 6.87%, 05/06/24							361				346,560
Panther BF Aggregator 2 LP, USD Term Loan B, (1 mo. LIBOR + 3.50%), 5.73%, 04/30/26							1,380				1,379,144
USI, Inc., 2017 Repriced Term Loan, (3 mo. LIBOR + 3.00%), 5.33%, 05/16/24							1,815				1,788,284

Security		Par (000)								Value
Auto Components (continued)
Wand NewCo 3, Inc., 2019 1st Lien Term Loan, (1 mo. LIBOR + 3.50%), 5.86%, 02/05/26			USD				878			$	882,829
											4,396,817
Banks — 0.4%
Capri Finance LLC, 2017 1st Lien Term Loan, (3 mo. LIBOR + 3.25%), 5.51%, 11/01/24							1,254				1,224,609
Building Materials — 1.0%
Allied Universal Holdco LLC:
2019 Delayed Draw Term Loan, 0.00%, 07/10/26							309				—
2019 Term Loan B, (3 mo. LIBOR + 4.25%), 6.51%, 07/10/26							3,123				3,128,243
											3,128,243
Building Products — 1.0%
CPG International, Inc., 2017 Term Loan, (6 mo. LIBOR + 3.75%, 1.00% Floor), 5.93%, 05/05/24							878				864,474
Jeld-Wen, Inc., 2017 1st Lien Term Loan, (3 mo. LIBOR + 2.00%), 4.33%, 12/14/24							732				731,511
Ply Gem Midco, Inc., 2018 Term Loan, (1 mo. LIBOR + 3.75%), 6.12%, 04/12/25							268				261,493
Wilsonart LLC, 2017 Term Loan B, (3 mo. LIBOR + 3.25%, 1.00% Floor), 5.58%, 12/19/23							1,600				1,567,878
											3,425,356
Capital Markets — 2.5%
Duff & Phelps Corp., 2017 Term Loan B, (1 mo. LIBOR + 3.25%, 1.00% Floor), 5.48%, 02/13/25							1,276				1,239,645
EIG Management Co. LLC, 2018 Term Loan B, (1 mo. LIBOR + 3.75%), 5.99%, 02/22/25							1,035				1,031,739
Fortress Investment Group LLC, 2018 Term Loan B, (1 mo. LIBOR + 2.00%), 4.23%, 12/27/22							748				749,963
Greenhill & Co., Inc., Term Loan B, (1 mo. LIBOR + 3.25%), 5.58%, 04/12/24							721				716,797
Jefferies Finance LLC, 2019 Term Loan, (1 mo. LIBOR + 3.75%), 6.19%, 06/03/26							834				831,657
RPI Finance Trust, Term Loan B6, (1 mo. LIBOR + 2.00%), 4.23%, 03/27/23							1,567				1,575,130

2

Schedule of Investments  (unaudited) (continued) July 31, 2019 BlackRock Floating Rate Income Trust (BGT) (Percentages shown are based on Net Assets)

Security		Par (000)				Value
Capital Markets (continued)
Travelport Finance (Luxembourg) Sarl:
2019 2nd Lien Term Loan, (3 mo. LIBOR + 9.00%), 11.54%, 03/31/27			USD    705			$	673,275
2019 Term Loan, (3 mo. LIBOR + 5.00%), 7.54%, 05/29/26			1,377				1,336,575
							8,154,781
Chemicals — 5.8%
Alpha 3 BV, 2017 Term Loan B1, (3 mo. LIBOR + 3.00%, 1.00% Floor), 5.33%, 01/31/24			2,799				2,733,507
Axalta Coating Systems US Holdings, Inc., Term Loan, (3 mo. LIBOR + 1.75%), 4.08%, 06/01/24			2,166				2,152,415
Charter NEX US Holdings, Inc., 2017 Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 5.23%, 05/16/24			1,655				1,631,656
Chemours Co., 2018 Term Loan B, (1 mo. LIBOR + 1.75%), 3.99%, 04/03/25			630				596,895
Element Materials Technology Group US Holdings, Inc., 2017 Term Loan B, (3 mo. LIBOR + 3.50%, 1.00% Floor), 6.15%, 06/28/24			374				374,300
Encapsys LLC, 1st Lien Term Loan, (1 mo. LIBOR + 3.50%, 1.00% Floor), 5.73%, 11/07/24			776				777,318
Invictus US LLC:
1st Lien Term Loan, (3 mo. LIBOR + 3.00%), 5.52%, 03/28/25			999				993,034
2nd Lien Term Loan, (3 mo. LIBOR + 6.75%), 9.27%, 03/30/26			265				262,681
Messer Industries GmbH, 2018 USD Term Loan, (3 mo. LIBOR + 2.50%), 4.83%, 03/01/26			2,684				2,670,851
Momentive Performance Materials, Inc., Term Loan B, (3 mo. LIBOR + 3.25%), 5.59%, 05/15/24			656				652,313
Oxea Holding Drei GmbH, 2017 Term Loan B2, (1 mo. LIBOR + 3.50%), 5.94%, 10/14/24			2,225				2,222,753
Plaskolite LLC, 1st Lien Term Loan, (1 mo. LIBOR + 4.25%, 1.00% Floor), 6.56%, 12/12/25			627				623,878
PQ Corp., 2018 Term Loan B, (3 mo. LIBOR + 2.50%), 4.76%, 02/08/25			1,673				1,671,085
Starfruit Finco BV, 2018 USD Term Loan B, (1 mo. LIBOR + 3.25%), 5.61%, 10/01/25			758				744,204
Tata Chemicals North America, Inc., Term Loan B, (3 mo. LIBOR + 2.75%, 1.00% Floor), 5.13%, 08/07/20			254				253,275

Security		Par (000)				Value
Chemicals (continued)
Vectra Co., 1st Lien Term Loan, (1 mo. LIBOR + 3.25%), 5.48%, 03/08/25			USD    576			$	552,217
							18,912,382
Commercial Services & Supplies — 6.6%
Advanced Disposal Services, Inc., Term Loan B3, (1 Week LIBOR + 2.25%), 4.60%, 11/10/23			1,893				1,896,363
Aramark Services, Inc., 2018 Term Loan B3, (3 mo. LIBOR + 1.75%), 4.08%, 03/11/25			169				168,472
Asurion LLC:
2017 2nd Lien Term Loan, (1 mo. LIBOR + 6.50%), 8.73%, 08/04/25			1,166				1,185,915
2017 Term Loan B4, (1 mo. LIBOR + 3.00%), 5.23%, 08/04/22			1,058				1,059,579
2018 Term Loan B6, (1 mo. LIBOR + 3.00%), 5.23%, 11/03/23			1,824				1,827,200
2018 Term Loan B7, (1 mo. LIBOR + 3.00%), 5.23%, 11/03/24			716				717,051
BrightView Landscapes LLC, 2018 1st Lien Term Loan B, (1 mo. LIBOR + 2.50%), 4.78%, 08/15/25			1,149				1,150,150
Camelot UK Holdco Ltd., 2017 Repriced Term Loan, (1 mo. LIBOR + 3.25%, 1.00% Floor), 5.48%, 10/03/23			1,892				1,900,575
Creative Artists Agency LLC, 2018 Term Loan B, (1 mo. LIBOR + 3.00%), 5.23%, 02/15/24			2,135				2,138,431
EnergySolutions LLC, 2018 Term Loan B, (3 mo. LIBOR + 3.75%, 1.00% Floor), 6.08%, 05/09/25(b)			356				341,193
GFL Environmental, Inc., 2018 USD Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 5.23%, 05/30/25			1,664				1,649,875
Harland Clarke Holdings Corp., Term Loan B7, (3 mo. LIBOR + 4.75%, 1.00% Floor), 7.08%, 11/03/23(b)			407				311,235
KAR Auction Services, Inc., Term Loan B5, (3 mo. LIBOR + 2.50%), 4.88%, 03/09/23			402				401,046
Prime Security Services Borrower LLC, 2016 1st Lien Term Loan, (1 mo. LIBOR + 2.75%, 1.00% Floor), 4.98%, 05/02/22			1,645				1,642,292
Verscend Holding Corp., 2018 Term Loan B, (1 mo. LIBOR + 4.50%), 6.73%, 08/27/25			3,277				3,290,565

3

Schedule of Investments  (unaudited) (continued) July 31, 2019 BlackRock Floating Rate Income Trust (BGT) (Percentages shown are based on Net Assets)

Security		Par (000)				Value
Commercial Services & Supplies (continued)
West Corp., 2017 Term Loan, (3 mo. LIBOR + 4.00%, 1.00% Floor), 6.52%, 10/10/24			USD    1,989			$	1,855,104
							21,535,046
Commercial Services & Supplies — 0.6%
Catalent Pharma Solutions Inc., Term Loan B2, (1 mo. LIBOR + 2.25%, 1.00% Floor), 4.48%, 05/18/26			1,285				1,290,669
Diamond (BC) BV, Term Loan, 09/06/24(g)			560				506,335
							1,797,004
Communications Equipment — 0.8%
Avantor, Inc., 2017 1st Lien Term Loan, (1 mo. LIBOR + 3.00%, 1.00% Floor), 5.23%, 11/21/24			963				970,647
Avaya, Inc., 2018 Term Loan B, (1 mo. LIBOR + 4.25%), 6.58%, 12/15/24			888				853,576
Ciena Corp., 2018 Term Loan B, (1 mo. LIBOR + 2.00%), 4.27%, 09/26/25			813				816,389
							2,640,612
Construction & Engineering — 1.1%
AECOM, Term Loan B, (1 mo. LIBOR + 1.75%), 3.98%, 03/13/25			433				433,364
Brand Energy & Infrastructure Services, Inc., 2017 Term Loan, (3 mo. LIBOR + 4.25%, 1.00% Floor), 6.61%, 06/21/24			1,961				1,890,917
SRS Distribution, Inc., 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.25%), 5.48%, 05/23/25			848				819,386
USIC Holdings, Inc., 2017 Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 5.23%, 12/08/23			559				554,420
							3,698,087
Construction Materials — 1.7%
Core & Main LP, 2017 Term Loan B, (3 mo. LIBOR + 2.75%, 1.00% Floor), 5.24%, 08/01/24			2,479				2,475,644
Filtration Group Corp., 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.00%), 5.23%, 03/29/25			2,874				2,877,209

Security		Par (000)				Value
Construction Materials (continued)
Tamko Building Products, Inc., Term Loan B, (3 mo. LIBOR + 3.25%), 5.56%, 04/23/26(b)			USD    355			$	355,887
							5,708,740
Containers & Packaging — 2.6%
Berry Global, Inc.:
Term Loan Q, (1 mo. LIBOR + 2.25%), 4.63%, 10/01/22			2,946				2,943,560
USD Term Loan U, (3 mo. LIBOR + 2.50%), 4.90%, 07/01/26			1,620				1,617,813
BWAY Holding Co., 2017 Term Loan B, (3 mo. LIBOR + 3.25%), 5.59%, 04/03/24			1,669				1,641,026
Charter NEX US, Inc., Incremental Term Loan, (1 mo. LIBOR + 3.50%), 5.73%, 05/16/24			658				656,520
Flex Acquisition Co., Inc., 1st Lien Term Loan, 12/29/23(g)			1,724				1,646,059
							8,504,978
Distributors — 1.3%
American Builders & Contractors Supply Co., Inc., 2018 Term Loan B, (1 mo. LIBOR + 2.00%), 4.23%, 10/31/23			2,830				2,812,629
TriMark USA LLC, 2017 1st Lien Term Loan, (6 mo. LIBOR + 3.50%), 5.74%, 08/28/24(b)			1,704				1,452,420
							4,265,049
Diversified Consumer Services — 4.0%
Ascend Learning LLC, 2017 Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 5.23%, 07/12/24			832				827,321
Bright Horizons Family Solutions, Inc., 2017 Term Loan B, (PRIME + 0.75%), 3.98%, 11/07/23			1,965				1,964,538
Genuine Financial Holdings LLC, 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.75%), 5.98%, 07/12/25			853				842,258
J.D. Power and Associates, 1st Lien Term Loan, (1 mo. LIBOR + 3.75%, 1.00% Floor), 5.98%, 09/07/23			847				847,276
Nomad Foods Europe Midco Ltd., 2017 Term Loan B4, (1 mo. LIBOR + 2.25%), 4.58%, 05/15/24			708				705,632
Serta Simmons Bedding LLC, 1.00% Floor):
1st Lien Term Loan, (1 mo. LIBOR + 3.50%, 5.87%, 11/08/23			584				398,248

4

Schedule of Investments  (unaudited) (continued) July 31, 2019 BlackRock Floating Rate Income Trust (BGT) (Percentages shown are based on Net Assets)

Security						Par (000)				Value
Diversified Consumer Services (continued)
2nd Lien Term Loan, (1 mo. LIBOR + 8.00%, 10.31%, 11/08/24			USD				79			$	35,442
ServiceMaster Co., 2016 Term Loan B, (1 mo. LIBOR + 2.50%), 4.73%, 11/08/23							157				156,701
ServPro Borrower LLC, Term Loan B, (1 mo. LIBOR + 3.50%), 5.73%, 03/26/26(b)							263				263,011
Spin Holdco, Inc., 2017 Term Loan B, (3 mo. LIBOR + 3.25%, 1.00% Floor), 5.27%, 11/14/22							2,508				2,473,200
TruGreen LP, 2019 Term Loan, (1 mo. LIBOR + 3.75%, 1.00% Floor), 5.98%, 03/19/26							1,394				1,397,770
Uber Technologies, Inc.:
2018 Incremental Term Loan, 07/13/23(g)							2,288				2,292,141
2018 Term Loan, (1 mo. LIBOR + 4.00%, 1.00% Floor), 6.33%, 04/04/25							792				794,685
											12,998,223
Diversified Financial Services — 2.8%
Advisor Group, Inc., 2019 Term Loan, 07/31/26(b)(g)							1,019				1,011,358
AlixPartners LLP, 2017 Term Loan B, (1 mo. LIBOR + 2.75%, 1.00% Floor), 4.98%, 04/04/24							2,621				2,623,026
CRCI Longhorn Holdings, Inc., 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.50%), 5.87%, 08/08/25							446				439,692
EG Finco Ltd., 2018 Term Loan, (3 mo. LIBOR + 4.00%), 6.33%, 02/07/25							1,229				1,216,006
Kingpin Intermediate Holdings LLC, 2018 Term Loan B, (1 mo. LIBOR + 3.50%, 1.00% Floor), 5.73%, 07/03/24							1,181				1,180,516
LTI Holdings, Inc., 2018 Add On 1st Lien Term Loan, (1 mo. LIBOR + 3.50%), 5.73%, 09/06/25							512				487,756
Pregis Corp., Term Loan, 07/23/26(g)							519				517,921
SSH Group Holdings, Inc., 2018 1st Lien Term Loan, (2 mo. LIBOR + 4.25%), 6.51%, 07/30/25							684				681,898
Starwood Property Trust, Inc., 2019 Term Loan B, 07/10/26(g)							377				377,392

Security						Par (000)				Value
Diversified Financial Services (continued)
Tank Holding Corp., 2019 Term Loan B, (1 Week LIBOR + 4.00%), 6.56%, 03/26/26			USD				626			$	627,959
											9,163,524
Diversified Telecommunication Services — 3.2%
CenturyLink, Inc., 2017 Term Loan B, (1 mo. LIBOR + 2.75%), 4.98%, 01/31/25							1,156				1,148,153
Consolidated Communications, Inc., 2016 Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 5.24%, 10/04/23							106				99,320
Hargray Communications Group, Inc., 2017 Term Loan B, (1 mo. LIBOR + 2.75%, 1.00% Floor), 4.98%, 05/16/24							722				720,001
Level 3 Financing, Inc., 2017 Term Loan B, (1 mo. LIBOR + 2.25%), 4.48%, 02/22/24							1,753				1,753,990
MTN Infrastructure TopCo, Inc., 1st Lien Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 5.23%, 11/15/24							1,369				1,362,364
Sprint Communications, Inc., 1st Lien Term Loan B, (1 mo. LIBOR + 2.50%), 4.75%, 02/02/24							829				826,375
TDC A/S, Term Loan, (EURIBOR + 2.75%), 2.75%, 06/04/25			EUR				819				909,201
Telenet Financing USD LLC, Term Loan AN, (1 mo. LIBOR + 2.25%), 4.58%, 08/15/26			USD				845				840,636
Telesat Canada, Term Loan B4, (3 mo. LIBOR + 2.50%), 4.83%, 11/17/23							498				497,527
Virgin Media Investment Holdings Ltd., Term Loan L, (LIBOR - GBP + 3.25%), 3.97%, 01/15/27			GBP				600				726,851
Zayo Group LLC:
2017 Incremental Term Loan, (1 mo. LIBOR + 2.25%, 1.00% Floor), 4.48%, 01/19/24			USD				175				174,947
2017 Term Loan B1, (1 mo. LIBOR + 2.00%), 4.23%, 01/19/21							1,437				1,436,268
											10,495,633
Electric Utilities — 0.6%
TEX Operations Co. LLC, Exit Term Loan B, (1 mo. LIBOR + 2.00%), 4.23%, 08/04/23							843				844,079
Texas Competitive Electric Holdings Co. LLC/TCEH Finance, Inc., Term Loan, 1.00%, 11/10/19(a)(b)(d)							1,050				—

5

Schedule of Investments  (unaudited) (continued) July 31, 2019 BlackRock Floating Rate Income Trust (BGT) (Percentages shown are based on Net Assets)

Security						Par (000)				Value
Electric Utilities (continued)
Vistra Energy Corp., 1st Lien Term Loan B3, (1 mo. LIBOR + 2.00%), 4.27%, 12/31/25			USD				1,133			$	1,134,545
											1,978,624
Electrical Equipment — 0.7%
Gates Global LLC, 2017 Repriced Term Loan B, (1 mo. LIBOR + 2.75%, 1.00% Floor), 4.98%, 04/01/24							2,298				2,287,390
Energy Equipment & Services — 0.5%
Gavilan Resources LLC, 2nd Lien Term Loan, (1 mo. LIBOR + 6.00%, 1.00% Floor), 8.23%, 03/01/24(b)							477				210,934
GrafTech Finance, Inc., 2018 Term Loan B, (1 mo. LIBOR + 3.50%, 1.00% Floor), 5.73%, 02/12/25(b)							1,000				985,178
Pioneer Energy Services Corp., Term Loan, (3 mo. LIBOR + 7.75%, 1.00% Floor), 10.02%, 11/08/22(b)							520				497,900
											1,694,012
Equity Real Estate Investment Trusts (REITs) — 2.5%
Capital Automotive LP, 2017 1st Lien Term Loan, (1 mo. LIBOR + 2.50%, 1.00% Floor), 4.74%, 03/24/24							331				330,278
Iron Mountain, Inc., 2018 Term Loan B, (1 mo. LIBOR + 1.75%), 3.98%, 01/02/26(b)							1,176				1,157,320
MGM Growth Properties Operating Partnership LP, 2016 Term Loan B, (1 mo. LIBOR + 2.00%), 4.23%, 03/21/25							2,465				2,464,258
RHP Hotel Properties LP, 2017 Term Loan B, (3 mo. LIBOR + 2.00%), 4.33%, 05/11/24							821				821,100
VICI Properties 1 LLC, Replacement Term Loan B, (1 mo. LIBOR + 2.00%), 4.27%, 12/20/24							3,293				3,284,071
											8,057,027
Food & Staples Retailing — 1.9%
Albertsons LLC, Term Loan B7, (1 mo. LIBOR + 3.00%), 5.23%, 11/17/25							722				722,452
BCPE Empire Holdings, Inc.:
2019 Delayed Draw Term Loan, (UNFND + 0.50%), 0.50%, 06/11/26							129				—
2019 Term Loan B, (1 mo. LIBOR + 4.00%), 6.23%, 06/10/26							655				651,178

Security						Par (000)				Value
Food & Staples Retailing (continued)
Hearthside Food Solutions LLC:
2018 Incremental Term Loan, (1 mo. LIBOR + 4.00%), 6.23%, 05/23/25			USD				1,162			$	1,154,687
2018 Term Loan B, (1 mo. LIBOR + 3.69%), 5.92%, 05/23/25							355				348,189
Hostess Brands LLC, 2017 Repriced Term Loan, (2 mo. LIBOR + 2.25%), 4.51%, 08/03/22							1,786				1,782,498
US Foods, Inc., 2016 Term Loan B, (1 mo. LIBOR + 2.00%), 4.23%, 06/27/23							1,644				1,640,464
											6,299,468
Food Products — 2.6%
8th Avenue Food & Provisions, Inc., 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.75%), 6.11%, 10/01/25							351				352,334
Chobani LLC, 2017 Term Loan B, (1 mo. LIBOR + 3.50%, 1.00% Floor), 5.73%, 10/10/23							1,487				1,470,936
JBS USA LUX SA, 2019 Term Loan B, (1 mo. LIBOR + 2.50%), 4.73%, 05/01/26							1,411				1,413,018
Post Holdings, Inc., 2017 Series A Incremental Term Loan, (3 mo. LIBOR + 2.00%), 4.27%, 05/24/24							987				986,734
Reynolds Group Holdings, Inc., 2017 Term Loan, (1 mo. LIBOR + 2.75%), 4.98%, 02/05/23							4,285				4,281,920
											8,504,942
Gas Utilities — 0.3%
AL Midcoast Holdings LLC, 2018 Term Loan B, (3 mo. LIBOR + 5.50%), 7.83%, 07/31/25(b)							917				916,315
Health Care Equipment & Supplies — 2.0%
Agiliti Health, Inc., Term Loan, (3 mo. LIBOR + 3.00%), 5.44%, 01/04/26(b)							451				451,433
Immucor, Inc., Extended Term Loan B, 06/15/21(g)							2,764				2,755,977
Mallinckrodt International Finance SA, Term Loan B, (3 mo. LIBOR + 2.75%), 5.08%, 09/24/24							497				422,132
Orchid Orthopedic Solutions LLC, 1st Lien Term Loan, (3 mo. LIBOR + 4.50%), 6.98%, 02/26/26(b)							377				378,885

6

Schedule of Investments  (unaudited) (continued) July 31, 2019 BlackRock Floating Rate Income Trust (BGT) (Percentages shown are based on Net Assets)

Security						Par (000)				Value
Health Care Equipment & Supplies (continued)
Ortho-Clinical Diagnostics SA, 2018 Term Loan B, (3 mo. LIBOR + 3.25%), 5.56%, 06/30/25			USD				2,587			$	2,511,039
											6,519,466
Health Care Providers & Services — 7.9%
AHP Health Partners, Inc., 2018 Term Loan, (1 mo. LIBOR + 4.50%, 1.00% Floor), 6.73%, 06/30/25							503				503,549
CHG Healthcare Services, Inc., 2017 1st Lien Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 5.23%, 06/07/23							2,624				2,616,425
Concentra, Inc.:
2018 1st Lien Term Loan, (3 mo. LIBOR + 2.75%), 5.21%, 06/01/22							1,130				1,129,650
2018 2nd Lien Term Loan, (3 mo. LIBOR + 6.50%, 1.00% Floor), 8.96%, 06/01/23							1,150				1,154,791
DentalCorp Perfect Smile ULC, 1st Lien Term Loan, (1 mo. LIBOR + 3.75%, 1.00% Floor), 5.98%, 06/06/25							658				649,349
Diplomat Pharmacy, Inc., 2017 Term Loan B, (1 mo. LIBOR + 4.50%, 1.00% Floor), 6.74%, 12/20/24							523				487,100
DuPage Medical Group Ltd.:
2018 Term Loan, (1 mo. LIBOR + 2.75%), 4.98%, 08/15/24							525				511,275
2nd Lien Term Loan, (1 mo. LIBOR + 7.00%), 9.23%, 08/15/25(b)							245				238,875
Envision Healthcare Corp., 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.75%), 5.98%, 10/10/25							1,458				1,250,150
Explorer Holdings, Inc., 2016 Term Loan B, (3 mo. LIBOR + 3.75%, 1.00% Floor), 6.08%, 05/02/23							652				650,139
Gentiva Health Services, Inc., 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.75%), 6.00%, 07/02/25(b)							1,470				1,477,673
HC Group Holdings II, Inc., Term Loan B, 05/21/26(b)(g)							721				717,395
HC Group Holdings III, Inc., 2018 Term Loan B, (1 mo. LIBOR + 3.75%), 5.98%, 04/07/22							1,241				1,235,993
HCA, Inc.:
2018 Term Loan B10, (3 mo. LIBOR + 2.00%), 4.33%, 03/13/25							588				588,867
Term Loan B11, (3 mo. LIBOR + 1.75%), 4.08%, 03/17/23							1,377				1,378,988
MPH Acquisition Holdings LLC, 2016 Term Loan B, (3 mo. LIBOR + 2.75%, 1.00% Floor), 5.08%, 06/07/23							2,282				2,213,735

Security						Par (000)				Value
Health Care Providers & Services (continued)
nThrive, Inc., 2016 1st Lien Term Loan, 10/20/22(g)			USD				1,902			$	1,778,215
NVA Holdings, Inc., Term Loan B3, (1 mo. LIBOR + 2.75%, 1.00% Floor), 4.98%, 02/02/25							1,244				1,242,994
Radiology Partners, Inc., 2018 1st Lien Term Loan B, (3 mo. LIBOR + 4.75%), 7.19%, 07/09/25							495				490,177
ScribeAmerica Intermediate Holdco LLC, 2018 Term Loan, (1 mo. LIBOR + 4.50%), 6.88%, 04/03/25							333				328,156
Sotera Health Holdings LLC:
2017 Term Loan, (1 mo. LIBOR + 3.00%, 1.00% Floor), 5.23%, 05/15/22							1,652				1,633,859
2019 Incremental Term Loan, 05/15/22(b)(g)							745				745,931
Team Health Holdings, Inc., 1st Lien Term Loan, (1 mo. LIBOR + 2.75%, 1.00% Floor), 4.98%, 02/06/24							956				835,211
Vizient, Inc., 2019 Term Loan B5, (1 mo. LIBOR + 2.75%), 4.98%, 05/06/26							535				535,888
WP CityMD Bidco LLC, 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.50%, 1.00% Floor), 5.73%, 06/07/24							639				638,702
Zotec Partners LLC, 2018 Term Loan, (1 mo. LIBOR + 5.00%, 1.00% Floor), 7.24%, 02/14/24(b)							731				730,492
											25,763,579
Health Care Services — 0.5%
Emerald TopCo, Inc., Term Loan, 07/24/26(g)							1,068				1,065,063
Sound Inpatient Physicians:
2018 1st Lien Term Loan, (1 mo. LIBOR + 2.75%), 4.98%, 06/27/25							428				425,435
2018 2nd Lien Term Loan, (1 mo. LIBOR + 6.75%), 8.98%, 06/26/26							234				233,024
											1,723,522
Health Care Technology — 1.9%
Athenahealth, Inc., 2019 Term Loan B, (3 mo. LIBOR + 4.50%), 7.05%, 02/11/26							2,749				2,755,131
Change Healthcare Holdings, Inc., 2017 Term Loan B, (1 mo. LIBOR + 2.50%, 1.00% Floor), 4.73%, 03/01/24							2,392				2,385,318
GoodRx, Inc., 1st Lien Term Loan, (1 mo. LIBOR + 2.75%), 5.06%, 10/10/25							653				651,083

7

Schedule of Investments  (unaudited) (continued) July 31, 2019 BlackRock Floating Rate Income Trust (BGT) (Percentages shown are based on Net Assets)

Security						Par (000)				Value
Health Care Technology (continued)
Quintiles IMS, Inc., 2017 Term Loan B, (3 mo. LIBOR + 2.00%), 4.33%, 03/07/24			USD				307			$	307,133
											6,098,665
Hotels, Restaurants & Leisure — 11.2%
Aristocrat Technologies, Inc., 2018 1st Lien Term Loan, (3 mo. LIBOR + 1.75%), 4.03%, 10/19/24							925				924,000
Boyd Gaming Corp., Term Loan B3, (1 Week LIBOR + 2.25%), 4.62%, 09/15/23							2,318				2,316,123
Burger King Newco Unlimited Liability Co., Term Loan B3, (1 mo. LIBOR + 2.25%, 1.00% Floor), 4.48%, 02/16/24							4,559				4,557,959
Caesars Resort Collection LLC, 2017 1st Lien Term Loan B, (1 mo. LIBOR + 2.75%), 4.98%, 12/22/24							3,016				2,990,106
CCM Merger, Inc., Term Loan B, (1 mo. LIBOR + 2.25%), 4.48%, 08/08/21							858				858,013
CEC Entertainment, Inc., Term Loan B, (1 mo. LIBOR + 3.25%, 1.00% Floor), 5.48%, 02/14/21							499				496,304
ESH Hospitality, Inc., 2018 Term Loan B, (1 mo. LIBOR + 2.00%), 4.23%, 08/30/23							1,740				1,740,938
Four Seasons Hotels Ltd., 1st Lien Term Loan, (1 mo. LIBOR + 2.00%), 4.23%, 11/30/23							1,912				1,913,927
Gateway Casinos & Entertainment Ltd., 2018 Term Loan B, (3 mo. LIBOR + 3.00%), 5.33%, 03/13/25							94				93,051
Golden Nugget LLC, 2017 Incremental Term Loan B, (PRIME + 1.75%), 5.02%, 10/04/23							1,180				1,181,259
Hilton Worldwide Finance LLC, 2019 Term Loan B2, (1 mo. LIBOR + 1.75%), 4.02%, 06/22/26							2,018				2,023,136
IRB Holding Corp., 1st Lien Term Loan, (3 mo. LIBOR + 3.25%, 1.00% Floor), 5.55%, 02/05/25							2,311				2,300,535
KFC Holding Co., 2018 Term Loan B, (1 mo. LIBOR + 1.75%), 4.05%, 04/03/25							875				874,369
Lakeland Tours LLC, 2017 1st Lien Term Loan B, (3 mo. LIBOR + 4.00%, 1.00% Floor), 6.40%, 12/15/24							643				646,202
NASCAR Holdings, Inc., Term Loan B, 07/26/26(g)							737				740,228
Penn National Gaming, Inc., 2018 1st Lien Term Loan B, (1 mo. LIBOR + 2.25%), 4.48%, 10/15/25							368				368,566

Security						Par (000)				Value
Hotels, Restaurants & Leisure (continued)
Playa Resorts Holding BV, 2017 Term Loan B, (1 mo. LIBOR + 2.75%, 1.00% Floor), 4.98%, 04/29/24			USD				772			$	741,399
Sabre GLBL, Inc., 2018 Term Loan B, 02/22/24(g)							1,752				1,755,378
Scientific Games International, Inc., 2018 Term Loan B5, (1 mo. LIBOR + 2.75%), 4.98%, 08/14/24							1,849				1,837,868
Stars Group Holdings BV, 2018 USD Incremental Term Loan, (3 mo. LIBOR + 3.50%), 5.83%, 07/10/25							3,397				3,406,716
Station Casinos LLC, 2016 Term Loan B, (1 mo. LIBOR + 2.50%), 4.74%, 06/08/23							1,823				1,825,383
Whatabrands LLC, Term Loan B, 07/23/26(g)							1,627				1,632,093
Wyndham Hotels & Resorts, Inc., Term Loan B, (1 mo. LIBOR + 1.75%), 3.98%, 05/30/25							963				964,535
Wynn Resorts Ltd., Term Loan B, (1 mo. LIBOR + 2.25%), 4.66%, 10/30/24							547				547,660
											36,735,748
Household Products — 0.3%
Sunshine Luxembourg VII Sarl, USD 1st Lien Term Loan, 07/16/26(g)							827				829,688
Independent Power and Renewable Electricity Producers — 1.4%
AES Corp., 2018 Term Loan B, (3 mo. LIBOR + 1.75%), 4.27%, 05/31/22							453				452,825
Calpine Construction Finance Co. LP, 2017 Term Loan B, (1 mo. LIBOR + 2.50%), 4.73%, 01/15/25							764				761,732
Calpine Corp., Term Loan B9, (3 mo. LIBOR + 2.75%), 5.08%, 04/05/26							1,651				1,651,000
EIF Channelview Cogeneration LLC, 2018 Term Loan B, (1 mo. LIBOR + 4.25%, 1.00% Floor), 6.49%, 05/03/25							263				266,105
Granite Acquisition, Inc., 1.00% Floor):
Term Loan B, (3 mo. LIBOR + 3.50%, 5.82%, 12/19/21							1,251				1,253,367
Term Loan C, (3 mo. LIBOR + 3.50%, 5.83%, 12/19/21							166				166,030
											4,551,059
Industrial Conglomerates — 1.5%
Cortes NP Acquisition Corp., 2017 Term Loan B, (3 mo. LIBOR + 4.00%, 1.00% Floor), 6.33%, 11/30/23							2,469				2,348,291

8

Schedule of Investments  (unaudited) (continued) July 31, 2019 BlackRock Floating Rate Income Trust (BGT) (Percentages shown are based on Net Assets)

Security						Par (000)				Value
Industrial Conglomerates (continued)
Sequa Mezzanine Holdings LLC, 1st Lien Term Loan, (3 mo. LIBOR + 5.00%, 1.00% Floor), 7.56%, 11/28/21			USD				1,140			$	1,125,062
Sundyne US Purchaser, Inc., Term Loan, (1 mo. LIBOR + 4.00%), 6.23%, 05/15/26(b)							1,304				1,301,084
											4,774,437
Insurance — 4.7%
Achilles Acquisition LLC, 2018 Term Loan, (1 mo. LIBOR + 4.00%), 6.25%, 10/13/25(b)							504				504,367
Alliant Holdings I, Inc., 2018 Term Loan B, (3 mo. LIBOR + 3.00%), 5.27%, 05/09/25							2,225				2,192,148
Alliant Holdings Intermediate LLC, Term Loan B, (1 mo. LIBOR + 3.25%), 5.63%, 05/09/25							1,114				1,105,177
AmWINS Group, Inc., 2017 Term Loan B, (1 mo. LIBOR + 2.75%, 1.00% Floor), 5.01%, 01/25/24							2,392				2,392,364
AssuredPartners, Inc., 2017 1st Lien Add-On Term Loan, (1 mo. LIBOR + 3.50%), 5.73%, 10/22/24							1,773				1,762,796
Davis Vision, Inc., 1st Lien Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 5.23%, 12/02/24							1,119				1,102,176
Hub International Ltd., 2018 Term Loan B, (3 mo. LIBOR + 3.00%), 5.27%, 04/25/25							1,945				1,924,028
Sedgwick Claims Management Services, Inc., Term Loan B, (1 mo. LIBOR + 3.25%), 5.48%, 12/31/25							3,907				3,842,701
Stratose Intermediate Holdings II LLC, 1st Lien Term Loan, (1 mo. LIBOR + 3.25%, 1.00% Floor), 5.48%, 06/22/23							505				499,970
											15,325,727
Interactive Media & Services — 1.4%
Go Daddy Operating Co. LLC, 2017 Repriced Term Loan, (1 mo. LIBOR + 2.00%), 4.23%, 02/15/24							1,371				1,375,309
Inmar Holdings, Inc., 2017 1st Lien Term Loan, (3 mo. LIBOR + 4.00%, 1.00% Floor), 6.33%, 05/01/24							509				481,538
Rackspace Hosting, Inc., 2017 Incremental 1st Lien Term Loan, (3 mo. LIBOR + 3.00%, 1.00% Floor), 5.58%, 11/03/23							981				908,158
TierPoint LLC, 2017 1st Lien Term Loan, (1 mo. LIBOR + 3.75%, 1.00% Floor), 5.98%, 05/06/24							776				717,522

Security						Par (000)				Value
Interactive Media & Services (continued)
ZPG PLC, 2018 Term Loan B, (LIBOR - GBP + 4.50%), 5.22%, 07/23/25			GBP				1,000			$	1,189,747
											4,672,274
Internet & Direct Marketing Retail — 0.2%
Harbor Freight Tools USA, Inc., 2018 Term Loan B, (1 mo. LIBOR + 2.50%), 4.73%, 08/18/23			USD				801				786,241
IT Services — 3.6%
Altran Technologies SA, 1st Lien Term Loan, (3 mo. LIBOR + 2.50%), 4.89%, 03/20/25							410				409,427
Epicor Software Corp., 1st Lien Term Loan, (1 mo. LIBOR + 3.25%, 1.00% Floor), 5.49%, 06/01/22							1,312				1,308,138
Evertec Group LLC, 2018 Term Loan B, (1 mo. LIBOR + 3.50%), 5.73%, 11/27/24							563				564,933
Flexential Intermediate Corp., 2017 1st Lien Term Loan, (3 mo. LIBOR + 3.50%), 5.83%, 08/01/24							825				756,528
Global Payments, Inc.:
2018 Term Loan B3, (1 mo. LIBOR + 1.75%), 3.98%, 04/21/23							521				520,742
2018 Term Loan B4, (1 mo. LIBOR + 1.75%), 3.98%, 10/17/25							174				174,071
Greeneden US Holdings II LLC, 2018 Term Loan B, (1 mo. LIBOR + 3.25%), 5.48%, 12/01/23							989				982,890
Optiv Security, Inc., 1st Lien Term Loan, (1 mo. LIBOR + 3.25%, 1.00% Floor), 5.48%, 02/01/24							403				368,843
Outfront Media Capital LLC, 2017 Term Loan B, (1 mo. LIBOR + 2.00%), 4.36%, 03/18/24							120				120,298
Peak 10 Holding Corp., 2nd Lien Term Loan, (3 mo. LIBOR + 7.25%, 1.00% Floor), 9.83%, 08/01/25(b)							795				655,875
Trans Union LLC:
2018 Term Loan B4, (1 mo. LIBOR + 2.00%), 4.23%, 06/19/25							11				10,904
Term Loan B3, (1 mo. LIBOR + 2.00%), 4.23%, 04/10/23							2,953				2,959,026

9

Schedule of Investments  (unaudited) (continued) July 31, 2019 BlackRock Floating Rate Income Trust (BGT) (Percentages shown are based on Net Assets)

Security		Par (000)								Value
IT Services (continued)
WEX, Inc., Term Loan B3, (1 mo. LIBOR + 2.25%), 4.48%, 05/15/26			USD				2,850			$	2,850,934
											11,682,609
Leisure Products — 0.2%
MND Holdings III Corp., 2018 1st Lien Term Loan, (3 mo. LIBOR + 3.50%, 1.00% Floor), 5.83%, 06/19/24(b)							632				619,819
Life Sciences Tools & Services — 0.2%
Albany Molecular Research, Inc., 1.00% Floor):
2017 1st Lien Term Loan, (1 mo. LIBOR + 3.25%, 5.48%, 08/30/24							338				333,399
2017 2nd Lien Term Loan, (1 mo. LIBOR + 7.00%, 9.23%, 08/30/25(b)							240				239,400
											572,799
Machinery — 1.7%
Clark Equipment Co., 2018 Term Loan B, (3 mo. LIBOR + 2.00%), 4.33%, 05/18/24							454				453,179
Columbus McKinnon Corp., 2018 Term Loan B, (3 mo. LIBOR + 2.50%, 1.00% Floor), 4.83%, 01/31/24(b)							96				96,012
Gardner Denver, Inc., 2017 Term Loan B, (1 mo. LIBOR + 2.75%), 4.98%, 07/30/24							1,408				1,410,454
Terex Corp., 2019 Term Loan B1, (2 mo. LIBOR + 2.75%), 5.10%, 01/31/24							199				199,625
Titan Acquisition Ltd., 2018 Term Loan B, (1 mo. LIBOR + 3.00%), 5.23%, 03/28/25							3,101				2,942,019
Welbilt, Inc., 2018 Term Loan B, (1 mo. LIBOR + 2.50%), 4.73%, 10/23/25							604				597,403
											5,698,692
Media — 11.4%
Altice Financing SA:
2017 1st Lien Term Loan, (1 mo. LIBOR + 2.75%), 5.06%, 01/31/26							424				407,564
2017 Term Loan B, (1 mo. LIBOR + 2.75%), 5.08%, 07/15/25							165				157,337
Altice France SA:
2018 Term Loan B13, (1 mo. LIBOR + 4.00%), 6.33%, 08/14/26							2,202				2,189,780
USD Term Loan B12, (1 mo. LIBOR + 3.69%), 6.01%, 01/31/26(b)							332				328,349

Security		Par (000)								Value
Media (continued)
Charter Communications Operating LLC, 2017 Term Loan B, (3 mo. LIBOR + 2.00%), 4.33%, 04/30/25			USD				2,764			$	2,767,669
CSC Holdings LLC(b):
2017 1st Lien Term Loan, (1 mo. LIBOR + 2.25%), 4.58%, 07/17/25							831				827,560
2018 Term Loan B, (1 mo. LIBOR + 2.50%), 4.83%, 01/25/26							1,032				1,030,648
Cumulus Media New Holdings, Inc., Exit Term Loan, 05/15/22(g)							428				430,915
Diamond Sports Group LLC, Term Loan, 07/17/26(g)							1,908				1,911,148
Gray Television, Inc.:
2017 Term Loan B, (1 mo. LIBOR + 2.25%), 4.58%, 02/07/24							371				370,994
2018 Term Loan C, (3 mo. LIBOR + 2.50%), 4.83%, 01/02/26							589				590,417
Hubbard Radio LLC, 2015 Term Loan B, (1 mo. LIBOR + 3.50%, 1.00% Floor), 5.74%, 03/28/25							132				131,395
iHeartCommunications, Inc., Exit Term Loan, 05/01/26(g)							2,599				2,616,041
Intelsat Jackson Holdings SA, 2017 Term Loan B4, (1 mo. LIBOR + 4.50%, 1.00% Floor), 6.74%, 01/02/24							1,182				1,191,387
Learfield Communications LLC, 2016 1st Lien Term Loan, (1 mo. LIBOR + 3.25%, 1.00% Floor), 5.49%, 12/01/23							1,529				1,531,603
Lions Gate Capital Holdings LLC, 2018 Term Loan B, (1 mo. LIBOR + 2.25%), 4.48%, 03/24/25							889				887,286
Live Nation Entertainment, Inc., Term Loan B3, (1 mo. LIBOR + 1.75%), 4.00%, 10/31/23							288				288,228
MCC Iowa LLC, Term Loan N, (1 Week LIBOR + 1.75%), 4.10%, 02/15/24							486				486,102
Meredith Corp., 2018 Term Loan B, (1 mo. LIBOR + 2.75%), 4.98%, 01/31/25							476				477,768
MH Sub I LLC, 2017 1st Lien Term Loan, (1 mo. LIBOR + 3.75%), 5.98%, 09/13/24							512				508,979
Midcontinent Communications, 2019 Term Loan B, 07/16/26(b)(g)							458				459,914
Nexstar Broadcasting, Inc., 2019 Term Loan B4, 06/19/26(g)							960				959,798
PCI Gaming Authority, Term Loan, (1 mo. LIBOR + 3.00%), 5.23%, 05/29/26							1,012				1,018,689

10

Schedule of Investments  (unaudited) (continued) July 31, 2019 BlackRock Floating Rate Income Trust (BGT) (Percentages shown are based on Net Assets)

Security						Par (000)				Value
Media (continued)
PSAV Holdings LLC, 2018 1st Lien Term Loan, (3 mo. LIBOR + 3.25%, 1.00% Floor), 5.61%, 03/01/25			USD				626			$	608,696
Radiate Holdco LLC, 1st Lien Term Loan, (1 mo. LIBOR + 3.00%), 5.23%, 02/01/24							1,426				1,409,832
Sinclair Television Group, Inc., Term Loan B2, (1 mo. LIBOR + 2.25%), 4.49%, 01/03/24							618				616,801
Trader Corp., 2017 Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 5.24%, 09/28/23(b)							2,254				2,251,243
Tribune Media Co., Term Loan C, (1 mo. LIBOR + 3.00%), 5.23%, 01/27/24							2,255				2,250,648
Unitymedia Finance LLC:
Term Loan B, (3 mo. LIBOR + 2.25%), 4.60%, 09/30/25							1,245				1,243,929
USD Term Loan D, (3 mo. LIBOR + 2.25%), 4.60%, 01/15/26							225				224,773
Unitymedia Hessen GmbH & Co. KG, 2018 Term Loan E, (3 mo. LIBOR + 2.00%), 4.35%, 06/01/23							1,093				1,091,436
Univision Communications, Inc., Term Loan C5, (1 mo. LIBOR + 2.75%, 1.00% Floor), 4.98%, 03/15/24							707				691,012
Virgin Media Bristol LLC, 2017 Term Loan, (1 mo. LIBOR + 2.50%), 4.83%, 01/15/26							1,146				1,148,155
William Morris Endeavor Entertainment LLC, 2018 1st Lien Term Loan, (1 mo. LIBOR + 2.75%), 4.99%, 05/18/25							2,719				2,642,562
Ziggo Secured Finance Partnership, Term Loan E, (1 mo. LIBOR + 2.50%), 4.83%, 04/15/25							1,476				1,466,169
											37,214,827
Metals & Mining — 0.7%
Ball Metalpack LLC, 2018 1st Lien Term Loan B, (3 mo. LIBOR + 4.50%), 7.02%, 07/24/25							495				487,458
Equinox Holdings, Inc., 2017 1st Lien Term Loan, (1 mo. LIBOR + 3.00%, 1.00% Floor), 5.23%, 03/08/24							1,635				1,636,486
											2,123,944
Multiline Retail — 0.6%
Eyemart Express LLC, 2017 Term Loan B, (3 mo. LIBOR + 3.00%, 1.00% Floor), 5.31%, 08/04/24							594				590,204
Hudson’s Bay Co., 2015 Term Loan B, (1 mo. LIBOR + 3.25%, 1.00% Floor), 5.64%, 09/30/22							884				883,339

Security						Par (000)				Value
Multiline Retail (continued)
Neiman Marcus Group Ltd. LLC, Cash Pay Extended Term Loan, (1 mo. LIBOR + 6.00%), 8.38%, 10/25/23			USD				594			$	508,858
											1,982,401
Oil & Gas Equipment & Services — 0.2%
McDermott Technology Americas, Inc., 2018 1st Lien Term Loan, (1 mo. LIBOR + 5.00%, 1.00% Floor), 7.23%, 05/09/25							837				798,304
Oil, Gas & Consumable Fuels — 1.0%
BCP Raptor II LLC, 1st Lien Term Loan, (1 mo. LIBOR + 4.75%), 6.98%, 11/03/25							513				475,808
California Resources Corp., Second Out Term Loan, (1 mo. LIBOR + 10.37%, 1.00% Floor), 12.62%, 12/31/21							712				713,107
CONSOL Energy, Inc., 1st Lien Term Loan B, (1 mo. LIBOR + 4.50%, 1.00% Floor), 6.74%, 09/27/24							759				759,097
Edgewater Generation LLC, Term Loan, (1 mo. LIBOR + 3.75%), 5.98%, 12/13/25							805				801,013
EG Group Ltd., 2018 Term Loan B, (3 mo. LIBOR + 4.00%), 6.33%, 02/07/25							489				483,465
											3,232,490
Personal Products — 0.3%
Prestige Brands, Inc., Term Loan B4, (1 mo. LIBOR + 2.00%), 4.23%, 01/26/24							933				932,330
Pharmaceuticals — 4.4%
Akorn, Inc., Term Loan B, 04/16/21(g)							—				132
Amneal Pharmaceuticals LLC, 2018 Term Loan B, (1 mo. LIBOR + 3.50%), 5.75%, 05/04/25							657				607,475
Endo Luxembourg Finance Co. I Sarl, 2017 Term Loan B, (3 mo. LIBOR + 4.25%), 6.50%, 04/29/24							1,726				1,572,004
Grifols Worldwide Operations USA, Inc., 2017 Acquisition Term Loan, (1 Week LIBOR + 2.25%), 4.60%, 01/31/25							2,217				2,221,881
Jaguar Holding Co. II, 2018 Term Loan, 08/18/22(g)							4,452				4,442,064

11

Schedule of Investments  (unaudited) (continued) July 31, 2019 BlackRock Floating Rate Income Trust (BGT) (Percentages shown are based on Net Assets)

Security						Par (000)				Value
Pharmaceuticals (continued)
Valeant Pharmaceuticals International, Inc., 2018 Term Loan B, 06/02/25(g)			USD				5,473			$	5,490,776
											14,334,332
Professional Services — 1.6%
Cast and Crew Payroll LLC, 2019 1st Lien Term Loan, (1 mo. LIBOR + 4.00%), 6.25%, 02/09/26							1,280				1,285,871
Dun & Bradstreet Corp., Term Loan, (1 mo. LIBOR + 5.00%), 7.24%, 02/06/26							2,456				2,470,589
ON Assignment, Inc., 2018 Term Loan B, (1 mo. LIBOR + 2.00%), 4.23%, 04/02/25							721				721,134
SIRVA Worldwide, Inc., 2018 1st Lien Term Loan, (3 mo. LIBOR + 5.50%), 7.79%, 08/04/25(b)							691				672,241
											5,149,835
Real Estate Management & Development — 2.2%
CityCenter Holdings LLC, 2017 Term Loan B, (1 mo. LIBOR + 2.25%), 4.48%, 04/18/24							2,884				2,887,935
DTZ US Borrower LLC, 2018 Add On Term Loan B, (1 mo. LIBOR + 3.25%), 5.48%, 08/21/25							1,929				1,935,162
Forest City Enterprises LP, Term Loan B, (1 mo. LIBOR + 4.00%), 6.23%, 12/07/25							1,300				1,309,619
Realogy Corp., 2018 Term Loan B, (1 mo. LIBOR + 2.25%), 4.52%, 02/08/25							483				459,411
SMG Holdings, Inc., 2017 1st Lien Term Loan, (1 mo. LIBOR + 3.00%), 5.23%, 01/23/25							735				732,004
											7,324,131
Road & Rail — 0.2%
Moda Ingleside Energy Center LLC, 2018 Term Loan B, (1 mo. LIBOR + 3.25%), 5.48%, 09/29/25							451				450,171
Road Infrastructure Investment LLC, 2016 1st Lien Term Loan, (1 mo. LIBOR + 3.50%, 1.00% Floor), 5.73%, 06/13/23							230				211,447
											661,618
Semiconductors & Semiconductor Equipment — 0.3%
Microchip Technology, Inc., 2018 Term Loan B, (1 mo. LIBOR + 2.00%), 4.24%, 05/29/25							528				527,822

Security						Par (000)				Value
Semiconductors & Semiconductor Equipment (continued)
Versum Materials, Inc., Term Loan, (3 mo. LIBOR + 2.00%), 4.33%, 09/29/23			USD				574			$	573,058
											1,100,880
Software — 16.9%
Applied Systems, Inc., 1.00% Floor):
2017 1st Lien Term Loan, (3 mo. LIBOR + 3.00%, 5.33%, 09/19/24							1,657				1,650,711
2017 2nd Lien Term Loan, (3 mo. LIBOR + 7.00%, 9.33%, 09/19/25							302				303,889
BMC Software Finance, Inc., 2017 Term Loan, 10/02/25(g)							1,820				1,749,474
Cypress Intermediate Holdings III, Inc., 1.00% Floor):
2017 1st Lien Term Loan, (1 mo. LIBOR + 2.75%, 4.99%, 04/26/24							555				548,426
2017 2nd Lien Term Loan, (1 mo. LIBOR + 6.75%, 8.98%, 04/27/25							496				500,548
Dell, Inc., 2017 1st Lien Term Loan, (1 mo. LIBOR + 2.00%), 4.24%, 09/07/23							1,641				1,644,754
Digicel International Finance Ltd., 2017 Term Loan B, (3 mo. LIBOR + 3.25%), 5.78%, 05/28/24							901				769,557
DTI Holdco, Inc., 2018 Term Loan B, (3 mo. LIBOR + 4.75%, 1.00% Floor), 7.01%, 09/30/23							876				799,312
Financial & Risk US Holdings, Inc., 2018 USD Term Loan, (1 mo. LIBOR + 3.75%), 5.98%, 10/01/25							4,696				4,690,811
Help/Systems Holdings, Inc., 2018 1st Lien Term Loan, (3 mo. LIBOR + 3.75%), 6.08%, 03/28/25							718				710,127
Infor (US), Inc., Term Loan B6, (3 mo. LIBOR + 2.75%, 1.00% Floor), 5.08%, 02/01/22							4,435				4,434,293
Informatica Corp., 2018 Term Loan, (1 mo. LIBOR + 3.25%), 5.48%, 08/05/22							2,576				2,586,537
Kronos, Inc., 1.00% Floor):
2017 Term Loan B, (3 mo. LIBOR + 3.00%, 5.58%, 11/01/23							3,168				3,169,032
2nd Lien Term Loan, (3 mo. LIBOR + 8.25%, 10.83%, 11/01/24							1,315				1,355,278
McAfee LLC, 2018 Term Loan B, (1 mo. LIBOR + 3.75%), 5.99%, 09/30/24							2,626				2,624,919

12

Schedule of Investments  (unaudited) (continued) July 31, 2019 BlackRock Floating Rate Income Trust (BGT) (Percentages shown are based on Net Assets)

Security						Par (000)				Value
Software (continued)
Mitchell International, Inc.:
2017 1st Lien Term Loan, (1 mo. LIBOR + 3.25%), 5.48%, 11/29/24			USD				2,375			$	2,249,803
2017 2nd Lien Term Loan, (1 mo. LIBOR + 7.25%), 9.48%, 12/01/25(b)							523				490,625
Renaissance Holding Corp., 2018 Add On Term Loan, (1 mo. LIBOR + 3.25%), 5.48%, 05/30/25							431				417,946
RP Crown Parent LLC, 2016 Term Loan B, 10/12/23(g)							1,445				1,440,764
Severin Acquisition LLC, 2018 Term Loan B, (3 mo. LIBOR + 3.25%), 5.82%, 08/01/25							616				605,897
SolarWinds Holdings, Inc., 2018 Term Loan B, (1 mo. LIBOR + 2.75%), 4.98%, 02/05/24							2,875				2,873,905
Solera LLC, Term Loan B, (1 mo. LIBOR + 2.75%), 4.98%, 03/03/23							3,312				3,299,921
SonicWALL, Inc., 1st Lien Term Loan, (3 mo. LIBOR + 3.50%), 6.02%, 05/16/25(b)							347				319,585
Sophia LP, 2017 Term Loan B, (3 mo. LIBOR + 3.25%, 1.00% Floor), 5.58%, 09/30/22							3,540				3,538,884
SS&C Technologies Holdings Europe Sarl, 2018 Term Loan B4, (1 mo. LIBOR + 2.25%), 4.48%, 04/16/25							1,024				1,022,851
SS&C Technologies, Inc.:
2017 Term Loan B1, (1 mo. LIBOR + 2.25%), 4.48%, 07/08/22							1,177				1,176,386
2018 Term Loan B3, (1 mo. LIBOR + 2.25%), 4.48%, 04/16/25							1,503				1,502,447
2018 Term Loan B5, (1 mo. LIBOR + 2.25%), 4.48%, 04/16/25							1,093				1,092,265
Tempo Acquisition LLC, Term Loan, 05/01/24(g)							2,620				2,623,695
Tibco Software, Inc., 2019 Term Loan B, (1 mo. LIBOR + 4.00%), 6.39%, 06/30/26							2,697				2,699,096
Ultimate Software Group, Inc., Term Loan B, (3 mo. LIBOR + 3.75%), 6.08%, 05/04/26							1,472				1,482,804

Security						Par (000)				Value
Software (continued)
Vertafore, Inc., 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.25%), 5.48%, 07/02/25			USD				1,089			$	1,068,083
											55,442,625
Specialty Retail — 1.6%
Belron Finance US LLC:
2018 Term Loan B, (3 mo. LIBOR + 2.50%), 5.04%, 11/13/25(b)							278				278,646
Term Loan B, (3 mo. LIBOR + 2.50%), 5.07%, 11/07/24							1,487				1,488,287
CD&R Firefly Bidco Ltd., 2018 GBP Term Loan B1, (LIBOR — GBP + 4.25%), 4.25%, 06/23/25			GBP				1,000				1,201,762
IAA, Inc., Term Loan B, (3 mo. LIBOR + 2.25%), 4.63%, 06/28/26			USD				523				524,904
Leslie’s Poolmart, Inc., 2018 Term Loan, (2 mo. LIBOR + 3.50%, 1.00% Floor), 5.76%, 08/16/23							643				602,534
Midas Intermediate Holdco II LLC, Incremental Term Loan B, (3 mo. LIBOR + 2.75%, 1.00% Floor), 5.08%, 08/18/21							529				517,411
Research Now Group, Inc., 2017 1st Lien Term Loan, (3 mo. LIBOR + 5.50%, 1.00% Floor), 8.08%, 12/20/24							768				768,300
											5,381,844
Technology Hardware, Storage & Peripherals — 0.8%
Western Digital Corp., 2018 Term Loan B4, (3 mo. LIBOR + 1.75%), 4.01%, 04/29/23							2,551				2,528,923
Textiles, Apparel & Luxury Goods — 0.5%
Ascend Performance Materials Operations LLC, Term Loan B, (1 mo. LIBOR + 5.25%, 1.00% Floor), 7.48%, 08/12/22							1,452				1,450,106
Varsity Brands, Inc., 2017 Term Loan B, (1 mo. LIBOR + 3.50%, 1.00% Floor), 5.73%, 12/15/24							325				319,771
											1,769,877
Thrifts & Mortgage Finance — 0.6%
IG Investment Holdings LLC, 2018 1st Lien Term Loan, (1 mo. LIBOR + 4.00%, 1.00% Floor), 6.27%, 05/23/25							2,115				2,107,882
Trading Companies & Distributors — 1.2%
Beacon Roofing Supply, Inc., 2017 Term Loan B, (1 mo. LIBOR + 2.25%), 4.62%, 01/02/25							729				725,268

13

Schedule of Investments  (unaudited) (continued) July 31, 2019 BlackRock Floating Rate Income Trust (BGT) (Percentages shown are based on Net Assets)

Security						Par (000)				Value
Trading Companies & Distributors (continued)
Foundation Building Materials LLC, 2018 Term Loan B, (1 mo. LIBOR + 3.00%), 5.23%, 08/13/25(b)			USD				495			$	495,618
HD Supply, Inc., Term Loan B5, (1 mo. LIBOR + 1.75%), 3.98%, 10/17/23							2,408				2,412,227
Oxbow Carbon LLC, 2017 1st Lien Term Loan B, (1 mo. LIBOR + 3.75%), 5.98%, 01/04/23							162				161,875
United Rentals, Inc., Term Loan B, (1 mo. LIBOR + 1.75%), 3.98%, 10/31/25							137				136,801
											3,931,789
Transportation — 0.2%
Gruden Acquisition, Inc., 2017 Term Loan, (3 mo. LIBOR + 5.50%, 1.00% Floor), 7.83%, 08/18/22(b)							299				296,639
Safe Fleet Holdings LLC, 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.00%, 1.00% Floor), 5.38%, 02/01/25							511				495,429
											792,068
Utilities — 0.3%
ExGen Renewables IV LLC, Term Loan B, 11/28/24(g)							1,178				1,135,680
Wireless Telecommunication Services — 1.4%
Geo Group, Inc., 2018 Term Loan B, (1 mo. LIBOR + 2.00%), 4.24%, 03/22/24							1,216				1,139,566
Ligado Networks LLC, PIK Exit Term Loan (9.75% PIK), 9.75%, 12/07/20(h)							902				751,648
SBA Senior Finance II LLC, 2018 Term Loan B, (1 mo. LIBOR + 2.00%), 4.24%, 04/11/25							2,615				2,606,526
											4,497,740
Total Floating Rate Loan Interests — 134.8% (Cost — $444,920,311)											441,449,358

Security						Shares				Value
Investment Companies — 4.9%
United States — 4.9%
Invesco Senior Loan ETF							705,000			$	16,088,100
Total Investment Companies — 4.9% (Cost — $15,963,179)											16,088,100
						Beneficial Interests (000)
Other Interests(i) — 0.0%
Afghanistan — 0.0%
Lear Corp. Escrow(a)(b)(d)							500				5
United States — 0.0%
Millennium Corp.(b)							991				—
Millennium Lender Claims(b)							930				—
											—
Total Other Interests — 0.0% (Cost — $—)											5
						Shares
Warrants — 0.1%
Media — 0.1%
iHeartMedia, Inc. (Expires 05/01/39)							27,059				404,776
Metals & Mining — 0.0%
AFGlobal Corp. (Expires 12/20/20)(b)							2,642				—
Software — 0.0%
Bankruptcy Management Solutions, Inc. (Expires 07/01/20)(b)							292				—
Total Warrants — 0.1% (Cost — $489,778)											404,776
Total Long-Term Investments — 141.6% (Cost — $467,472,582)											463,776,695
Options Purchased — 0.0% (Cost — $56,017)											28,645
Total Investments — 141.6% (Cost — $467,528,599)											463,805,340
Liabilities in Excess of Other Assets — (41.6)%											(136,336,864	)
Net Assets — 100.0%										$	327,468,476

^(a)  Non-income producing security.

^(b)  Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

^(c)  Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.

^(d)  Issuer filed for bankruptcy and/or is in default.

^(e)  Restricted security as to resale, excluding 144A securities. The Trust held restricted securities with a current value of $546,720 representing 0.2% of its net assets as of period end, and an original cost of $528,376.

^(f)  Variable rate security. Rate shown is the rate in effect as of period end.

^(g)  Represents an unsettled loan commitment at period end. Certain details associated with this purchase are not known prior to the settlement date, including coupon rate.

14

Schedule of Investments  (unaudited) (continued) July 31, 2019 BlackRock Floating Rate Income Trust (BGT)

^(h)  Payment-in-kind security which may pay interest/dividends in additional par/shares and/or in cash. Rates shown are the current rate and possible payment rates.

⁽ⁱ⁾  Other interests represent beneficial interests in liquidation trusts and other reorganization or private entities.

During the period ended July 31, 2019, investments in issuers considered to be an affiliate/affiliates of the Trust for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

Affiliate		Shares Held at 10/31/18				Net Activity				Shares Held at 07/31/19				Value at 07/31/19				Income				Net Realized Gain (Loss) (a)				Change in Unrealized Appreciation (Depreciation)
BlackRock Liquidity Funds, T-Fund, Institutional Class			282,908				(282,908	)			—			$	—			$	2,020			$	—			$	—

^(a)  Includes net capital gain distributions, if applicable.

For Trust compliance purposes, the Trust’s industry classifications refer to one or more of the industry sub-classifications used by one or more widely recognized market indexes or rating group indexes, and/or as defined by the investment adviser. These definitions may not apply for purposes of this report, which may combine such industry sub-classifications for reporting ease.

Currency Abbreviations
EUR		Euro
GBP		British Pound
USD		United States Dollar
Portfolio Abbreviations
ETF		Exchange-Traded Fund
LIBOR		London Interbank Offered Rate
MTN		Medium-Term Note
OTC		Over-the-Counter
PIK		Payment-In-Kind
S&P		S&P Global Ratings
SPDR		Standard & Poor’s Depository Receipts

Derivative Financial Instruments Outstanding as of Period End

Forward Foreign Currency Exchange Contracts

Currency Purchased						Currency Sold						Counterparty		Settlement Date				Unrealized Appreciation (Depreciation)
USD			893,442			EUR			783,000			UBS AG			08/06/19			$	26,383
USD			3,167,148			GBP			2,493,000			State Street Bank and Trust Co.			08/06/19				134,842
USD			872,659			EUR			781,000			BNP Paribas S.A.			09/05/19				5,746
USD			3,019,168			GBP			2,474,000			Nomura International PLC			09/05/19				5,535
																			172,506
EUR			781,000			USD			870,591			BNP Paribas S.A.			08/06/19				(5,747	)
GBP			2,474,000			USD			3,014,831			Nomura International PLC			08/06/19				(5,635	)
																			(11,382	)
																		$	161,124

15

Schedule of Investments  (unaudited) (continued) July 31, 2019 BlackRock Floating Rate Income Trust (BGT)

Exchange-Traded Options Purchased

Description		Number of Contracts				Expiration Date				Exercise Price						Notional Amount (000)						Value
Call
SPDR S&P 500 ETF Trust			210				08/16/19			USD			305.00			USD			6,246			$	10,500
SPDR S&P 500 ETF Trust			105				08/16/19			USD			307.00			USD			3,123				2,257
iShares iBoxx USD High Yield Corporate Bond ETF			75				08/16/19			USD			87.00			USD			652				1,463
iShares iBoxx USD High Yield Corporate Bond ETF			65				08/16/19			USD			88.00			USD			565				98
SPDR S&P 500 ETF Trust			105				09/20/19			USD			315.00			USD			3,123				3,517
																							17,835
Put
SPDR S&P 500 ETF Trust			115				08/16/19			USD			285.00			USD			3,420				10,810
																						$	28,645

Fair Value Hierarchy as of Period End

Various inputs are used in determining the fair value of investments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

• Level 1 — Unadjusted price quotations in active markets/exchanges for identical assets or liabilities that the Fund has the ability to access

• Level 2 — Other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market-corroborated inputs)

• Level 3 — Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Trust’s own assumptions used in determining the fair value of investments and derivative financial instruments)

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the BlackRock Global Valuation Methodologies Committee (the “Global Valuation Committee”) in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. The categorization of a value determined for investments and derivative financial instruments is based on the pricing transparency of the investments and derivative financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund’s policy regarding valuation of investments and derivative financial instruments, refer to the Fund’s most recent financial statements as contained in its annual report.

16

Schedule of Investments  (unaudited) (continued) July 31, 2019 BlackRock Floating Rate Income Trust (BGT)

The following table summarizes the Trust’s investments and derivative financial instruments categorized in the disclosure hierarchy:

		Level 1				Level 2				Level 3				Total
Assets:
Investments:
Long-Term Investments:
Common Stocks		$	284,063			$	45,852			$	216,751			$	546,666
Corporate Bonds			—				4,741,070				546,720				5,287,790
Floating Rate Loan Interests			—				417,143,189				24,306,169				441,449,358
Investment Companies			16,088,100				—				—				16,088,100
Other Interests			—				—				5				5
Warrants			—				404,776				—				404,776
Options Purchased			28,645				—				—				28,645
Liabilities:
Unfunded Floating Rate Loan Interests(a)			—				(227	)			—				(227	)
		$	16,400,808			$	422,334,660			$	25,069,645			$	463,805,113
Derivative Financial Instruments(b)
Assets:
Forward foreign currency contracts		$	—			$	172,506			$	—			$	172,506
Liabilities:
Forward foreign currency contracts			—				(11,382	)			—				(11,382	)
		$	—			$	161,124			$	—			$	161,124

^(a)  Unfunded floating rate loan interests are valued at the unrealized appreciation (depreciation) on the commitment.

^(b)  Derivative financial instruments are forward foreign currency exchange contracts. Forward foreign currency exchange contracts are valued at the unrealized appreciation (depreciation) on the instrument.

17

Schedule of Investments  (unaudited) (continued) July 31, 2019 BlackRock Floating Rate Income Trust (BGT)

A reconciliation of Level 3 investments is presented when the Trust had a significant amount of Level 3 investments at the beginning and/or end of the period in relation to net assets. The following table is a reconciliation of Level 3 investments for which significant unobservable inputs were used in determining fair value:

		Asset- Backed Securities				Common Stocks				Corporate Bonds				Floating Rate Loan Interests				Other Interests				Unfunded Floating Rate Loan Interests				Warrants				Options Purchased				Total
Assets:
Opening balance, as of October 31, 2018		$	2,699,975			$	529,149			$	—			$	27,220,796			$	5			$	(138	)		$	—			$	—			$	30,449,787
Transfers into Level 3(a)			—				—				—				13,337,632				—				—				—				—				13,337,632
Transfers out of Level 3(b)			—				—				—				(10,869,540	)			—				—				—				—				(10,869,540	)
Accrued discounts/premiums			—				—				696				7,899				—				—				—				—				8,595
Net realized gain (loss)			(65,300	)			(238,995	)			1,822				(683,878	)			—				—				(46,375	)			(25,422	)			(1,058,148	)
Net change in unrealized appreciation (depreciation)(c)			25				135,111				18,344				(257,459	)			—				138				46,375				25,422				(32,044	)
Purchases			—				131,156				527,680				9,794,656				—				—				—				—				10,453,492
Sales			(2,634,700	)			(339,670	)			(1,822	)			(14,243,937	)			—				—				—				—				(17,220,129	)
Closing Balance, as of July 31, 2019		$	—			$	216,751			$	546,720			$	24,306,169			$	5			$	—			$	—			$	—			$	25,069,645
Net change in unrealized appreciation (depreciation) on investments still held at July 31, 2019(c)		$	—			$	(161,014	)		$	18,344			$	(653,734	)		$	—			$	—			$	—			$	—			$	(796,404	)

^(a)  As of October 31, 2018, the Trust used observable inputs in determining the value of certain investments. As of July 31, 2019, the Trust used significant unobservable inputs in determining the value of the same investments. As a result, investments at beginning of period value were transferred from Level 2 to Level 3 in the disclosure hierarchy.

^(b)  As of October 31, 2018, the Trust used significant unobservable inputs in determining the value of certain investments. As of July 31, 2019, the Trust used observable inputs in determining the value of the same investments. As a result, investments at beginning of period value were transferred from Level 3 to Level 2 in the disclosure hierarchy.

^(c)  Any difference between net change in unrealized appreciation (depreciation) and net change in unrealized appreciation (depreciation) on investments still held at July 31, 2019 is generally due to investments no longer held or categorized as Level 3 at period end.

The Trust’s investments that are categorized as Level 3 were valued utilizing third party pricing information without adjustment. Such valuations are based on unobservable inputs. A significant change in third party information could result in a significantly lower or higher value of such Level 3 investments.

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