NPORT-EX 2 NPORT_5836550331530510.htm

BlackRock Floating Rate Income Trust

Schedule of Investments  (unaudited) September 30, 2020 BlackRock Floating Rate Income Trust (BGT) (Percentages shown are based on Net Assets)

Security						Shares				Value
Common Stocks
Auto Components — 0.0%
Lear Corp							89			$	9,706
Energy Equipment & Services(a) — 0.1%
Mcdermott International Ltd							76,644				183,945
Pioneer Energy Services Corp.(b)							546				21,203
											205,148
Health Care Management Services — 0.0%
New Millennium HoldCo, Inc.(a)							9,191				9
Household Durables — 0.0%
Berkline Benchcraft Equity LLC(a)(b)							6,155				—
Media — 0.0%
Clear Channel Outdoor Holdings, Inc.(a)							72,096				72,096
Metals & Mining — 0.0%
Ameriforge Group, Inc							832				13,728
Preferred Proppants LLC(a)(b)							3,738				29,904
Preferred Proppants LLC(b)							3,738				—
											43,632
Software — 0.0%
Avaya Holdings Corp.(a)							40				608
Specialty Retail — 0.1%
NMG Parent LLC							2,218				94,235
Total Common Stocks — 0.2% (Cost: $1,799,399)											425,434
						Par (000)
Corporate Bonds
Aerospace & Defense(c) — 0.4%
TransDigm, Inc., 8.00%, 12/15/25			USD				198				215,325
Wolverine Escrow LLC, 9.00%, 11/15/26							960				792,000
											1,007,325
Air Freight & Logistics — 0.2%
FedEx Corp., 3.80%, 05/15/25							415				469,465
Airlines — 1.3%
Allegiant Travel Co., 8.50%, 02/05/24(d)							740				740,000
American Airlines, Inc., 11.75%, 07/15/25(c)							1,452				1,401,180
Mileage Plus Holdings LLC/Mileage Plus Intellectual Property Assets Ltd., 6.50%, 06/20/27(c)							1,507				1,569,164
											3,710,344
Auto Components — 0.1%
Clarios Global LP, 6.75%, 05/15/25(c)							305				321,012
Automobiles — 1.0%
AutoNation, Inc., 4.75%, 06/01/30							87				102,505
Ford Motor Co., 8.50%, 04/21/23							1,256				1,369,040
Ford Motor Credit Co. LLC, 5.13%, 06/16/25							200				206,250
General Motors Co., 6.13%, 10/01/25							406				471,634
General Motors Financial Co., Inc., 2.75%, 06/20/25							569				582,154
Group 1 Automotive, Inc., 4.00%, 08/15/28(c)							105				103,162
											2,834,745

Security						Par (000)				Value
Building Materials — 0.0%
Summit Materials LLC/Summit Materials Finance Corp., 5.25%, 01/15/29(c)			USD				73			$	76,011
Chemicals — 0.0%
Illuminate Buyer LLC/Illuminate Holdings IV, Inc., 9.00%, 07/01/28(c)							32				34,400
Construction Materials(c) — 0.3%
American Builders & Contractors Supply Co., Inc., 4.00%, 01/15/28							821				834,341
Core & Main LP, 6.13%, 08/15/25							140				141,810
											976,151
Consumer Finance — 0.3%
Equifax, Inc., 2.60%, 12/15/25							85				90,749
Husky III Holding Ltd., (13.00% Cash or 13.00% PIK), 13.00%, 02/15/25(c)(e)							561				580,635
PayPal Holdings, Inc., 1.65%, 06/01/25							261				270,322
											941,706
Containers & Packaging — 0.0%
Graham Packaging Co., Inc., 7.13%, 08/15/28(c)							72				74,970
Electric Utilities(c) — 0.0%
Pike Corp., 5.50%, 09/01/28							89				89,551
Texas Competitive Electric Holdings Co. LLC/TCEH Finance, Inc., 11.50%, 10/01/20(b)							654				—
											89,551
Energ y Equipment & Services(b)(c)(e) — 0.1%
Pioneer Energy Services Corp.
(11.00% PIK), 11.00%, 05/15/25							226				181,178
(5.00% PIK), 5.00%, 11/15/25							153				82,688
											263,866
Equity Real Estate Investment Trusts (REITs) — 0.1%
Marriott International, Inc., Series EE, 5.75%, 05/01/25							233				260,033
Household Products — 0.0%
Berkline Benchcraft LLC, 4.50%, 06/01/20(a)(b)(f)							400				—
Internet Software & Services(c) — 0.4%
Expedia Group, Inc.
3.60%, 12/15/23							487				497,574
6.25%, 05/01/25							473				521,676
TripAdvisor, Inc., 7.00%, 07/15/25							53				55,252
Uber Technologies, Inc., 6.25%, 01/15/28							137				140,726
											1,215,228
IT Services — 0.5%
BY Crown Parent LLC/BY Bond Finance, Inc., 4.25%, 01/31/26(c)							180				183,262
Castle U.S. Holding Corp., 9.50%, 02/15/28(c)							401				382,454
Fiserv, Inc., 2.25%, 06/01/27							968				1,022,392
											1,588,108
Machinery — 0.0%
Clark Equipment Co., 5.88%, 06/01/25(c)							73				75,646
Media(c) — 1.0%
Connect Finco Sarl/Connect US Finco LLC, 6.75%, 10/01/26							216				216,680
Liberty Broadband Corp., 2.75%, 09/30/50(g)							315				338,855
Radiate Holdco LLC/Radiate Finance, Inc. 4.50%, 09/15/26							353				352,926

SCHEDULE OF INVESTMENTS 1

Schedule of Investments  (unaudited) (continued) September 30, 2020 BlackRock Floating Rate Income Trust (BGT) (Percentages shown are based on Net Assets)

Security						Par (000)				Value
Media (continued)
Radiate Holdco LLC/Radiate Finance, Inc. (continued) 6.50%, 09/15/28			USD				484			$	495,985
Univision Communications, Inc., 6.63%, 06/01/27							140				136,675
Zayo Group Holdings, Inc.
4.00%, 03/01/27							1,263				1,243,076
6.13%, 03/01/28							175				180,635
											2,964,832
Oil, Gas & Consumable Fuels(c) — 0.1%
eG Global Finance PLC, 8.50%, 10/30/25							182				191,472
MGM Growth Properties Operating Partnership LP/MGP Finance Co-Issuer, Inc., 4.63%, 06/15/25							85				86,700
											278,172
Real Estate Management & Development(c) — 0.2%
Cushman & Wakefield US Borrower LLC, 6.75%, 05/15/28							512				531,533
Realogy Group LLC/Realogy Co-Issuer Corp., 7.63%, 06/15/25							76				79,610
											611,143
Semiconductors & Semiconductor Equipment — 0.6%
Broadcom, Inc.
4.70%, 04/15/25							1,097				1,246,535
3.15%, 11/15/25							406				439,750
NXP BV/NXP Funding LLC/NXP USA, Inc., 2.70%, 05/01/25(c)							47				49,790
											1,736,075
Software(c) — 0.3%
Solera LLC/Solera Finance, Inc., 10.50%, 03/01/24							409				427,405
Tempo Acquisition LLC/Tempo Acquisition Finance Corp., 5.75%, 06/01/25							47				49,233
Veritas US, Inc./Veritas Bermuda Ltd., 7.50%, 09/01/25							269				277,406
											754,044
Wireless Telecommunication Services — 0.1%
GLP Capital LP/GLP Financing II, Inc., 4.00%, 01/15/31							251				261,299
Total Corporate Bonds — 7.0%
(Cost: $19,843,383)											20,544,126
Floating Rate Loan Interests
Aerospace & Defense(h) — 2.5%
Bleriot US Bidco, Inc.
Delayed Draw Term Loan, (3 mo. LIBOR + 4.75%), 4.97%, 10/31/26							60				60,128
Term Loan B, (3 mo. LIBOR + 4.75%), 4.97%, 10/31/26							388				384,821
Dynasty Acquisition Co., Inc.
2020 CAD Term Loan B2, (3 mo. LIBOR + 3.50%), 3.72%, 04/06/26							1,262				1,109,498
2020 Term Loan B1, (3 mo. LIBOR + 3.50%), 3.72%, 04/06/26							2,347				2,063,666
Nordam Group, Inc., Term Loan B, (PRIME + 4.50%), 5.69%, 04/09/26(b)							465				390,533
Spirit Aerosystems, Inc., 2020 Term Loan B, 6.00%, 01/31/25(b)							617				615,458

Security						Par (000)				Value
Aerospace & Defense (continued)
Trandigm, Inc., 2020 Term Loan F, (1 mo. LIBOR + 2.25%), 2.40%, 12/09/25			USD				2,702			$	2,550,351
TransDigm, Inc., 2020 Term Loan G, (1 mo. LIBOR + 2.25%), 2.40%, 08/22/24							154				145,259
											7,319,714
Air Freight & Logistics — 0.6%
WestJet Airlines Ltd., Term Loan B, (6 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 12/11/26(h)							2,147				1,855,657
Airlines(h) — 1.3%
American Airlines, Inc.
2017 1st Lien Term Loan, (1 mo. LIBOR + 1.75%), 1.90%, 01/29/27							243				176,523
2017 Incremental Term Loan, (1 mo. LIBOR + 2.00%), 2.15%, 12/14/23							1,226				997,895
Repriced TL B due 2023, (1 mo. LIBOR + 2.00%), 2.15%, 04/28/23							846				689,711
JetBlue Airways Corp., Term Loan, (3 mo. LIBOR + 5.25%, 1.00% Floor), 6.25%, 06/17/24							472				467,994
Mileage Plus Holdings LLC, 2020 Term Loan B, (3 mo. LIBOR + 5.25%, 1.00% Floor), 6.25%, 06/20/27							1,472				1,494,904
											3,827,027
Auto Components(h) — 2.7%
Panther BF Aggregator 2 LP, USD Term Loan B, (1 mo. LIBOR + 3.50%), 3.65%, 04/30/26							4,031				3,921,437
USI, Inc.
2017 Repriced Term Loan, (3 mo. LIBOR + 3.00%), 3.22%, 05/16/24							2,367				2,286,224
2019 Incremental Term Loan B, (3 mo. LIBOR + 4.00%), 4.22%, 12/02/26							135				133,405
Wand NewCo 3, Inc., 2020 Term Loan, 02/05/26(d)(i)							1,617				1,557,846
											7,898,912
Banks — 0.7%
Capri Finance LLC, USD 2017 1st Lien Term Loan, (3 mo. LIBOR + 3.00%), 3.26%, 11/01/24(h)							2,175				2,172,092
Building Materials — 0.5%
Allied Universal Holdco LLC, 2019 Term Loan B, (1 mo. LIBOR + 4.25%), 4.40%, 07/12/26(h)							1,466				1,448,144
Building Products(h) — 1.1%
CPG International, Inc., 2017 Term Loan, 05/05/24(d)(i)							1,067				1,062,197
Wilsonart LLC, 2017 Term Loan B, (3 mo. LIBOR + 3.25%, 1.00% Floor), 4.25%, 12/19/23							2,210				2,188,527
											3,250,724
Capital Markets — 2.4%
Deerfield Dakota Holding LLC, 2020 USD Term Loan B, (1 mo. LIBOR + 3.75%, 1.00% Floor), 4.75%, 04/09/27(h)							2,404				2,386,868
FinCo I LLC, 2020 Term Loan B, 06/27/25(h)(i)							570				565,546
Greenhill & Co., Inc., Term Loan B, (1 mo. LIBOR + 3.25%), 3.40%, 04/12/24(b)(h)							772				756,900
GT Polaris, Inc., Term Loan B, (3 mo. LIBOR + 4.00%, 1.00% Floor), 5.00%, 09/24/27(h)							512				507,679
Jefferies Finance LLC, 2019 Term Loan, (1 mo. LIBOR + 3.25%), 3.44%, 06/03/26(b)(h)							716				685,709
Travelport Finance (Luxembourg) Sarl 0.00%, 02/28/25							786				753,902

2

Schedule of Investments  (unaudited) (continued) September 30, 2020 BlackRock Floating Rate Income Trust (BGT) (Percentages shown are based on Net Assets)

Security						Par (000)				Value
Capital Markets (continued)
Travelport Finance (Luxembourg) Sarl (continued)
2019 Term Loan, 05/29/26(h)(i)			USD				1,383			$	1,037,397
2020 Super Priority Term Loan, (3 mo. LIBOR + 7.00%), 8.00%, 02/28/25(h)							249				238,576
											6,932,577
Chemicals(h) — 5.4%
Alpha 3 BV, 2017 Term Loan B1, (3 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 01/31/24							1,875				1,842,929
Ascend Performance Materials Operations LLC, 2019 Term Loan B, (3 mo. LIBOR + 5.25%, 1.00% Floor), 6.25%, 08/27/26							1,595				1,587,724
Axalta Coating Systems US Holdings, Inc., USD Term Loan B3, (3 mo. LIBOR + 1.75%), 1.97%, 06/01/24							1,156				1,127,455
Charter NEX US Holdings, Inc., 2017 Term Loan B, (1 mo. LIBOR + 2.75%, 1.00% Floor), 3.75%, 05/16/24							1,761				1,715,669
Charter NEX US, Inc., Incremental Term Loan, (1 mo. LIBOR + 3.25%), 3.40%, 05/16/24							380				370,356
Chemours Co., 2018 USD Term Loan B, (1 mo. LIBOR + 1.75%), 1.90%, 04/03/25							404				388,963
Element Materials Technology Group US Holdings, Inc., 2017 Term Loan B, (3 mo. LIBOR + 3.50%, 1.00% Floor), 4.50%, 06/28/24							722				686,225
Encapsys LLC, 2020 Term Loan B2, (1 mo. LIBOR + 3.25%, 1.00% Floor), 4.25%, 11/07/24							766				751,036
Illuminate Buyer LLC, Term Loan, (1 Week LIBOR + 4.00%), 4.15%, 06/30/27							1,533				1,518,936
Invictus US LLC
1st Lien Term Loan, (1 mo. LIBOR + 3.00%), 3.15%, 03/28/25							476				463,003
2nd Lien Term Loan, (1 mo. LIBOR + 6.75%), 6.90%, 03/30/26							737				685,517
Messer Industries GmbH, 2018 USD Term Loan, (3 mo. LIBOR + 2.50%), 2.72%, 03/02/26							1,772				1,731,923
Minerals Technologies, Inc., 2017 Term Loan B, (1 mo. LIBOR + 2.25%), 3.00%, 02/14/24(b)							301				294,535
Momentive Performance Materials, Inc., Term Loan B, 05/15/24(d)(i)							926				884,894
Oxea Holding Drei GmbH, 2017 USD Term Loan B2, (1 mo. LIBOR + 3.50%), 3.69%, 10/14/24							1,599				1,532,413
Starfruit Finco BV, 2018 USD Term Loan B, (1 mo. LIBOR + 3.00%), 3.15%, 10/01/25							127				123,108
											15,704,686
Commercial Services & Supplies(h) — 5.6%
Advanced Disposal Services, Inc., Term Loan B3, (1 Week LIBOR + 2.25%), 3.00%, 11/10/23							1,798				1,793,965
Aramark Services, Inc., 2018 Term Loan B3, (1 mo. LIBOR + 1.75%), 1.90%, 03/11/25							95				90,861
Asplundh Tree Expert LLC, Term Loan B, (3 mo. LIBOR + 2.50%), 2.65%, 09/07/27							1,238				1,235,685
Asurion LLC
2017 2nd Lien Term Loan, (1 mo. LIBOR + 6.50%), 6.65%, 08/04/25							931				931,135
2017 Term Loan B4, (1 mo. LIBOR + 3.00%), 3.15%, 08/04/22							—	(j)			119
2018 Term Loan B6, (1 mo. LIBOR + 3.00%), 3.15%, 11/03/23							1,941				1,910,445

Security						Par (000)				Value
Commercial Services & Supplies (continued)
Asurion LLC (continued)
2018 Term Loan B7, (1 mo. LIBOR + 3.00%), 3.15%, 11/03/24			USD				707			$	693,926
Creative Artists Agency LLC
2019 Term Loan B, (1 mo. LIBOR + 3.75%), 3.90%, 11/26/26							522				500,371
2020 Incremental Term Loan B1, (1 mo. LIBOR + 4.25%, 1.00% Floor), 5.25%, 11/26/26							1,222				1,171,273
Dealer Tire LLC, 2020 Term Loan B, (1 mo. LIBOR + 4.25%), 4.40%, 12/12/25							1,451				1,414,759
Diamond (BC) BV, USD Term Loan, (3 mo. LIBOR + 3.00%), 3.26%, 09/06/24							1,691				1,577,043
EnergySolutions LLC, 2018 Term Loan B, (3 mo. LIBOR + 3.75%, 1.00% Floor), 4.75%, 05/09/25							351				334,254
GFL Environmental, Inc., 2018 USD Term Loan B, (3 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 05/30/25							291				289,487
Harland Clarke Holdings Corp., Term Loan B7, (3 mo. LIBOR + 4.75%, 1.00% Floor), 5.75%, 11/03/23							279				226,916
KAR Auction Services, Inc., 2019 Term Loan B6, (1 mo. LIBOR + 2.25%), 2.44%, 09/19/26(b)							612				588,830
Prime Security Services Borrower LLC, 2019 Term Loan B1, (1 mo. LIBOR + 3.25%, 1.00% Floor), 4.25%, 09/23/26							1,366				1,352,046
Verscend Holding Corp., 2018 Term Loan B, (1 mo. LIBOR + 4.50%), 4.65%, 08/27/25							1,656				1,637,576
West Corp., 2017 Term Loan, (1 mo. LIBOR + 4.00%, 1.00% Floor), 5.00%, 10/10/24							709				641,236
											16,389,927
Communications Equipment — 0.3%
Avantor, Inc., USD Term Loan B3, (1 mo. LIBOR + 2.25%, 1.00% Floor), 3.25%, 11/21/24(h)							788				776,617
Construction & Engineering(h) — 1.5%
Brand Energy & Infrastructure Services, Inc., 2017 Term Loan, (3 mo. LIBOR + 4.25%, 1.00% Floor), 5.25%, 06/21/24							2,218				2,059,362
Pike Corp., 2020 Term Loan B, (1 mo. LIBOR + 3.00%), 3.15%, 07/24/26							344				340,560
Ply Gem Midco, Inc., 2018 Term Loan, (1 mo. LIBOR + 3.75%), 3.90%, 04/12/25							264				259,213
SRS Distribution, Inc., 2018 1st Lien Term Loan, 05/23/25(d)(i)							1,809				1,757,992
											4,417,127
Construction Materials(h) — 2.2%
American Builders & Contractors Supply Co., Inc., 2019 Term Loan, (1 mo. LIBOR + 2.00%), 2.15%, 01/15/27							898				872,866
Core & Main LP, 2017 Term Loan B, (3 mo. LIBOR + 2.75%, 1.00% Floor), 3.75%, 08/01/24							3,127				3,057,064
Filtration Group Corp., 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.00%), 3.15%, 03/29/25							1,744				1,706,878
Forterra Finance LLC, 2017 Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 10/25/23							754				745,579
											6,382,387
Containers & Packaging(h) — 2.7%
Berry Global, Inc.
Term Loan W, (1 mo. LIBOR + 2.00%), 2.16%, 10/01/22							2,945				2,917,492

SCHEDULE OF INVESTMENTS 3

Schedule of Investments  (unaudited) (continued) September 30, 2020 BlackRock Floating Rate Income Trust (BGT) (Percentages shown are based on Net Assets)

Security						Par (000)				Value
Containers & Packaging (continued)
Berry Global, Inc. (continued)
Term Loan Y, (1 mo. LIBOR + 2.00%), 2.16%, 07/01/26			USD				961			$	930,710
BWAY Holding Co., 2017 Term Loan B, (3 mo. LIBOR + 3.25%), 3.52%, 04/03/24							1,505				1,409,862
Flex Acquisition Co., Inc., 1st Lien Term Loan, (3 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 12/29/23							1,279				1,249,035
Graham Packaging Co., Inc., Term Loan, (1 mo. LIBOR + 3.75%), 4.50%, 08/04/27							523				519,297
Pregis TopCo Corp., 1st Lien Term Loan, (1 mo. LIBOR + 3.75%), 3.90%, 08/01/26							388				381,739
Tosca Services LLC, 2020 Term Loan B, (1 mo. LIBOR + 4.25%, 1.00% Floor), 5.25%, 08/18/27							509				508,364
											7,916,499
Distributors(h) — 0.8%
TMK Hawk Parent Corp.
2020 Super Priority First Out Term Loan A, (3 mo. LIBOR + 9.50%, 1.00% Floor), 10.50%, 05/30/24							581				557,209
2020 Super Priority Second Out Term Loan B, (3 mo. LIBOR + 3.50%), 6.50%, 08/28/24							1,934				1,682,673
											2,239,882
Diversified Consumer Services(h) — 3.4%
Amentum Government Services Holdings LLC, Term Loan B, (1 mo. LIBOR + 3.50%), 3.65%, 01/31/27							343				337,279
Ascend Learning LLC, 2017 Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 07/12/24							968				953,825
BidFair MergerRight, Inc., Term Loan B, (1 mo. LIBOR + 5.50%, 1.00% Floor), 6.50%, 01/15/27							1,873				1,861,838
Bright Horizons Family Solutions, Inc., 2017 Term Loan B, (1 mo. LIBOR + 1.75%), 2.50%, 11/07/23							1,151				1,113,088
Genuine Financial Holdings LLC, 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.75%), 3.90%, 07/11/25							1,614				1,467,509
LEB Holdings (USA), Inc, Term Loan B, 09/25/27(d)(i)							352				348,920
Nomad Foods Europe Midco Ltd., 2017 USD Term Loan B4, (1 mo. LIBOR + 2.25%), 2.40%, 05/15/24							701				680,579
Serta Simmons Bedding LLC
2020 Super Priority First Out Term Loan, (1 mo. LIBOR + 7.50%), 8.50%, 08/10/23							293				288,228
2020 Super Priority Second Out Term Loan, (1 mo. LIBOR + 7.50%, 1.00% Floor), 8.50%, 08/10/23							460				373,918
TruGreen LP, 2019 Term Loan, (1 mo. LIBOR + 3.75%), 3.90%, 03/19/26							1,154				1,141,303
Uber Technologies, Inc., 2018 Incremental Term Loan, (1 mo. LIBOR + 3.50%), 3.65%, 07/13/23							1,321				1,296,852
											9,863,339
Diversified Financial Services(h) — 3.9%
Advisor Group, Inc., 2019 Term Loan B, (1 mo. LIBOR + 5.00%), 5.15%, 08/01/26							657				634,426
Alchemy Copyrights LLC, Term Loan B, (1 mo. LIBOR + 3.25%), 4.00%, 08/14/27(b)							530				528,675
AlixPartners LLP, 2017 Term Loan B, (1 mo. LIBOR + 2.50%), 2.64%, 04/04/24							2,713				2,643,425
Allsup’s Convenience Stores, Inc., Term Loan, (1 mo. LIBOR + 6.25%), 6.40%, 11/18/24							491				491,072
EG Finco Ltd., 2018 Term Loan, (3 mo. LIBOR + 4.00%), 4.22%, 02/07/25							568				555,691
Kingpin Intermediate Holdings LLC, 2018 Term Loan B, (1 mo. LIBOR + 3.50%, 1.00% Floor), 4.50%, 07/03/24							1,048				890,074

Security						Par (000)				Value
Diversified Financial Services (continued)
Milano Acquisition Corp, Term Loan, 5.25%, 08/17/27			USD				1,570			$	1,550,375
SMG US Midco 2, Inc., 2020 Term Loan, (3 mo. LIBOR + 2.50%), 2.76%, 01/23/25							961				836,143
SSH Group Holdings, Inc., 2018 1st Lien Term Loan, (3 mo. LIBOR + 4.25%), 4.47%, 07/30/25							318				301,173
VS Buyer LLC, Term Loan B, (1 mo. LIBOR + 3.25%), 3.40%, 02/28/27							2,141				2,100,271
Ziggo Financing Partnership, USD Term Loan I, (1 mo. LIBOR + 2.50%), 2.65%, 04/30/28							1,003				963,572
											11,494,897
Diversified Telecommunication Services(h) — 2.9%
Cablevision Lightpath LLC, Term Loan B, 4.00%, 09/09/27							356				353,775
Consolidated Communications, Inc., 2020 Term Loan B, 10/17/27(d)(i)							696				687,954
GCI Holdings, Inc., 2020 Term Loan B, 09/24/25(b)(d)(i)							766				760,255
Hargray Communications Group, Inc., 2017 Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 05/16/24							887				880,740
Iridium Satellite LLC, Term Loan, (1 mo. LIBOR + 3.75%, 1.00% Floor), 4.75%, 11/04/26							1,083				1,079,202
Level 3 Financing, Inc., 2019 Term Loan B, (1 mo. LIBOR + 1.75%), 1.90%, 03/01/27							1,183				1,144,767
MTN Infrastructure TopCo, Inc., 1st Lien Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 11/15/24.							1,424				1,398,864
Northwest Fiber LLC, Term Loan B, (3 mo. LIBOR + 5.50%), 5.66%, 04/30/27							592				590,039
TDC A/S, EUR Term Loan, (EURIBOR + 3.00%), 3.00%, 06/04/25			EUR				819				937,766
Virgin Media SFA Finance Ltd., GBP Term Loan L, (LIBOR - GBP + 3.25%), 3.30%, 01/15/27			GBP				600				746,586
											8,579,948
Electric Utilities(h) — 0.3%
Pacific Gas & Electric Co., 2020 Term Loan, (3 mo. LIBOR + 4.50%, 1.00% Floor), 5.50%, 06/23/25			USD				891				871,465
Texas Competitive Electric Holdings Co. LLC/TCEH Finance, Inc., Term Loan, 1.00%, 11/10/20(a)(b)(f)							1,050				—
											871,465
Energy Equipment & Services(h) — 1.3%
Dell International LLC, 2019 Term Loan B, 09/19/25(d)(i)							535				532,046
Gates Global LLC, 2017 USD Repriced Term Loan B, (1 mo. LIBOR + 2.75%, 1.00% Floor), 3.75%, 04/01/24							2,382				2,343,370
GrafTech Finance, Inc., 2018 Term Loan B, (1 mo. LIBOR + 3.50%, 1.00% Floor), 4.50%, 02/12/25							892				879,765
											3,755,181
Entertainment — 0.3%
Datto, Inc., 2019 Term Loan B, 04/02/26(d)(h)(i)							877				874,794
Equity Real Estate Investment Trusts (REITs)(h) — 0.9%
RHP Hotel Properties LP, 2017 Term Loan B, (1 mo. LIBOR + 2.00%), 2.15%, 05/11/24							450				423,993
VICI Properties LLC, Replacement Term Loan B, (1 mo. LIBOR + 1.75%), 1.91%, 12/20/24							2,434				2,348,378
											2,772,371

4

Schedule of Investments  (unaudited) (continued) September 30, 2020 BlackRock Floating Rate Income Trust (Percentages shown are based on Net Assets)

Security						Par (000)				Value
Food & Staples Retailing(h) — 1.1%
Hearthside Food Solutions LLC
2018 Incremental Term Loan, (1 mo. LIBOR + 4.00%), 4.15%, 05/23/25			USD				588			$	572,940
2018 Term Loan B, (1 mo. LIBOR + 3.69%), 3.83%, 05/23/25							523				506,274
2020 Incremental Term Loan B3, (1 mo. LIBOR + 5.00%, 1.00% Floor), 6.00%, 05/23/25							103				101,800
US Foods, Inc.
2016 Term Loan B, (1 mo. LIBOR + 1.75%), 1.90%, 06/27/23							1,622				1,557,338
2019 Term Loan B, (1 mo. LIBOR + 2.00%), 2.15%, 09/13/26							402				383,375
											3,121,727
Food Products(h) — 4.4%
8th Avenue Food & Provisions, Inc., 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.50%), 3.65%, 10/01/25							675				668,130
B&G Foods, Inc., 2019 Term Loan B4, (1 mo. LIBOR + 2.50%), 2.65%, 10/10/26							91				90,809
Chobani LLC, 2017 Term Loan B, (1 mo. LIBOR + 3.50%, 1.00% Floor), 4.50%, 10/10/23(d)							2,823				2,788,111
Froneri International Ltd.
2020 USD 2nd Lien Term Loan, 01/29/28(b)(d)(i)							248				246,216
2020 USD Term Loan, (1 mo. LIBOR + 2.25%), 2.40%, 01/29/27							3,222				3,089,601
Hostess Brands LLC, 2019 Term Loan, (1 mo. LIBOR + 2.25%), 3.00%, 08/03/25							854				838,798
JBS USA LUX SA, 2019 Term Loan B, (1 mo. LIBOR + 2.00%), 2.15%, 05/01/26							321				311,582
Pathway Vet Alliance LLC, 2020 Term Loan, (1 mo. LIBOR + 4.00%), 4.15%, 03/31/27							332				326,359
Reynolds Group Holdings, Inc.
2017 Term Loan, (PRIME + 1.75%), 3.98%, 02/05/23							2,870				2,831,347
2020 Term Loan, 02/03/26(d)(i)							1,186				1,163,466
Shearer’s Foods, Inc., 2020 Term Loan B, 4.75%, 09/23/27							392				388,817
											12,743,236
Health Care Equipment & Supplies — 0.7%
Ortho-Clinical Diagnostics SA, 2018 Term Loan B, (1 mo. LIBOR + 3.25%), 3.41%, 06/30/25(h)							2,183				2,085,484
Health Care Providers & Services(h) — 4.7%
AHP Health Partners, Inc., 2018 Term Loan, (1 mo. LIBOR + 4.50%, 1.00% Floor), 5.50%, 06/30/25							491				489,937
CHG Healthcare Services, Inc., 2017 1st Lien Term Loan B, (6 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 06/07/23							1,174				1,152,520
Da Vinci Purchaser Corp., 2019 Term Loan, (3 mo. LIBOR + 4.00%, 1.00% Floor), 5.24%, 01/08/27							597				589,046
DentalCorp Perfect Smile ULC, 1st Lien Term Loan, (1 mo. LIBOR + 3.75%, 1.00% Floor), 4.75%, 06/06/25							434				408,628
Envision Healthcare Corp., 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.75%), 3.90%, 10/10/25							1,207				867,805
EyeCare Partners LLC
2020 2nd Lien Term Loan, (1 mo. LIBOR + 8.25%), 8.40%, 02/18/28							780				686,400
2020 Term Loan, (1 mo. LIBOR + 3.75%), 3.90%, 02/18/27							857				803,785
Femur Buyer, Inc., 1st Lien Term Loan, 03/05/26(d)(i)							131				118,646
Gentiva Health Services, Inc., 2020 Term Loan, (1 mo. LIBOR + 3.25%), 3.44%, 07/02/25							1,456				1,423,766

Security						Par (000)				Value
Health Care Providers & Services (continued)
HC Group Holdings II, Inc., Term Loan B, (1 mo. LIBOR + 4.50%), 4.65%, 08/06/26			USD				1,418			$	1,402,922
MPH Acquisition Holdings LLC, 2016 Term Loan B, (3 mo. LIBOR + 2.75%, 1.00% Floor), 3.75%, 06/07/23							843				829,035
nThrive, Inc., 2016 1st Lien Term Loan, (1 mo. LIBOR + 4.50%, 1.00% Floor), 5.50%, 10/20/22							820				742,785
Sotera Health Holdings LLC, 2019 Term Loan, (3 mo. LIBOR + 4.50%, 1.00% Floor), 5.50%, 12/11/26							4,009				3,989,196
Team Health Holdings, Inc., 1st Lien Term Loan, (1 mo. LIBOR + 2.75%, 1.00% Floor), 3.75%, 02/06/24							142				118,477
											13,622,948
Health Care Services(h) — 0.8%
Emerald TopCo., Inc., Term Loan, (3 mo. LIBOR + 3.50%), 3.76%, 07/25/26							1,296				1,244,545
WP CityMD Bidco LLC, 2019 Term Loan B, (3 mo. LIBOR + 4.50%, 1.00% Floor), 5.50%, 08/13/26							1,077				1,069,370
											2,313,915
Health Care Technology(h) — 1.2%
Change Healthcare Holdings, Inc., 2017 Term Loan B, (1 mo. LIBOR + 2.50%, 1.00% Floor), 3.50%, 03/01/24							2,204				2,154,779
GoodRx, Inc., 1st Lien Term Loan, 10/10/25(d)(i)							1,177				1,153,667
Quintiles IMS, Inc., 2017 USD Term Loan B1, (1 mo. LIBOR + 1.75%), 1.90%, 03/07/24							307				301,575
											3,610,021
Hotels, Restaurants & Leisure(h) — 7.4%
1011778 B.C. Unlimited Liability Co., Term Loan B4, (1 mo. LIBOR + 1.75%), 1.90%, 11/19/26							1,914				1,831,579
Aimbridge Acquisition Co., Inc., 2019 Term Loan B, (1 mo. LIBOR + 3.75%), 3.89%, 02/02/26(b)							267				237,810
Aristocrat Leisure Ltd., 2020 Incremental Term Loan B, (3 mo. LIBOR + 3.75%, 1.00% Floor), 4.75%, 10/19/24							620				615,384
Aristocrat Technologies, Inc., 2018 1st Lien Term Loan, (3 mo. LIBOR + 1.75%), 2.02%, 10/19/24							855				830,413
Boyd Gaming Corp., Term Loan B3, (1 Week LIBOR + 2.25%), 2.36%, 09/15/23							708				687,948
Caesars Resort Collection LLC
2017 1st Lien Term Loan B, (1 mo. LIBOR + 2.75%), 2.90%, 12/23/24							2,124				1,984,425
2020 Term Loan, (1 mo. LIBOR + 4.50%), 4.65%, 07/20/25							2,581				2,493,899
CCM Merger, Inc., New Term Loan B, (1 mo. LIBOR + 2.25%), 3.00%, 08/06/21							802				797,477
Equinox Holdings, Inc., 2017 1st Lien Term Loan, (3 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 03/08/24							2,410				1,840,622
Four Seasons Hotels Ltd., New 1st Lien Term Loan, (1 mo. LIBOR + 2.00%), 2.15%, 11/30/23							838				814,053
Gateway Casinos & Entertainment Ltd., 2018 Term Loan B, 12/01/23(i)							93				83,976
Golden Nugget LLC, 2017 Incremental Term Loan B, (1 mo. LIBOR + 2.50%), 3.25%, 10/04/23							1,311				1,165,513
Golden Nugget, Inc., 2020 Initial Term Loan, (3 mo. LIBOR + 12.00%, 1.00% Floor), 13.00%, 10/04/23(b)							110				123,943
Herschend Entertainment Co. LLC, Term Loan B, (3 mo. LIBOR + 5.75%, 1.00% Floor), 6.75%, 08/25/25(b)							370				353,350
IRB Holding Corp., 2020 Term Loan B, (3 mo. LIBOR + 2.75%, 1.00% Floor), 3.75%, 02/05/25							1,579				1,505,331
KFC Holding Co., 2018 Term Loan B, (1 mo. LIBOR + 1.75%), 1.90%, 04/03/25							864				842,590

SCHEDULE OF INVESTMENTS 5

Schedule of Investments  (unaudited) (continued) September 30, 2020 BlackRock Floating Rate Income Trust (Percentages shown are based on Net Assets)

Security						Par (000)				Value
Hotels, Restaurants & Leisure (continued)
Playa Resorts Holding BV, 2017 Term Loan B, (1 mo. LIBOR + 2.75%, 1.00% Floor), 3.75%, 04/29/24			USD				371			$	324,227
Playtika Holding Corp., Term Loan B, (6 mo. LIBOR + 6.00%, 1.00% Floor), 7.00%, 12/10/24							899				898,393
Scientific Games International, Inc., 2018 Term Loan B5, (1 mo. LIBOR + 2.75%), 3.61%, 08/14/24							653				612,967
Stars Group Holdings BV, 2018 USD Incremental Term Loan, (3 mo. LIBOR + 3.50%), 3.72%, 07/10/25							663				660,577
Station Casinos LLC, 2020 Term Loan B, (1 mo. LIBOR + 2.25%), 2.50%, 02/08/27							1,287				1,227,960
Whatabrands LLC, 2020 Term Loan B, (1 mo. LIBOR + 2.75%), 2.91%, 08/02/26							1,487				1,452,759
Wyndham Hotels & Resorts, Inc., Term Loan B, (1 mo. LIBOR + 1.75%), 1.90%, 05/30/25							344				331,004
											21,716,200
Household Durables — 0.3%
Reynolds Consumer Products LLC, Term Loan, (1 mo. LIBOR + 1.75%), 1.90%, 02/04/27(h)							1,037				1,022,437
Independent Power and Renewable Electricity Producers(h) — 1.0%
Calpine Construction Finance Co. LP, 2017 Term Loan B, (1 mo. LIBOR + 2.00%), 2.15%, 01/15/25							317				306,952
Calpine Corp.
2019 Term Loan B10, (1 mo. LIBOR + 2.00%), 2.15%, 08/12/26							477				462,582
Term Loan B9, (1 mo. LIBOR + 2.25%), 2.40%, 04/06/26							2,239				2,176,112
											2,945,646
Industrial Conglomerates(h) — 2.4%
Sequa Mezzanine Holdings LLC, 2020 Extended Term Loan, 11/28/23(d)(i)							847				800,871
Vertical US Newco, Inc., USD Term Loan B, (3 mo. LIBOR + 4.25%), 4.57%, 07/30/27							1,191				1,179,733
Vertiv Group Corpo., Term Loan B, (1 mo. LIBOR + 3.00%), 3.16%, 03/02/27							5,195				5,106,983
											7,087,587
Insurance(h) — 4.7%
Alliant Holdings I, Inc., 2018 Term Loan B, (1 mo. LIBOR + 2.75%), 2.90%, 05/09/25							2,017				1,955,901
Alliant Holdings Intermediate LLC, Term Loan B, (1 mo. LIBOR + 3.25%), 3.40%, 05/09/25							640				627,473
AmWINS Group, Inc., 2017 Term Loan B, (1 mo. LIBOR + 2.75%, 1.00% Floor), 3.75%, 01/25/24(d)							1,824				1,805,632
AssuredPartners Capital, Inc., 2020 Incremental Term Loan B, (1 mo. LIBOR + 4.50%, 1.00% Floor), 5.50%, 02/13/27							422				419,948
AssuredPartners, Inc., 2020 Term Loan B, (1 mo. LIBOR + 3.50%), 3.65%, 02/13/27							889				862,473
Davis Vision, Inc., 1st Lien Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 12/02/24							579				576,645
HUB International Ltd.
2018 Term Loan B, (3 mo. LIBOR + 3.00%), 3.26%, 04/25/25							2,113				2,039,957
2019 Incremental Term Loan B, (3 mo. LIBOR + 4.00%, 1.00% Floor), 5.00%, 04/25/25							547				544,242
Ryan Specialty Group LLC, Term Loan, (1 mo. LIBOR + 3.25%), 4.00%, 09/01/27							1,023				1,012,136

Security						Par (000)				Value
Insurance (continued)
Sedgwick Claims Management Services, Inc. 2018 Term Loan B, (1 mo. LIBOR + 3.25%), 3.40%, 12/31/25			USD				1,825			$	1,758,138
2019 Term Loan B, (1 mo. LIBOR + 4.00%), 4.15%, 09/03/26							1,119				1,100,675
2020 Term Loan B3, 09/03/26(d)(i)							1,047				1,038,041
											13,741,261
Interactive Media & Services(h) — 2.3%
Ancestry.com Operations Inc., 2019 Extended Term Loan B, (1 mo. LIBOR + 4.25%), 4.40%, 08/27/26							190				189,455
Ancestry.com Operations, Inc., Non-Extended Term Loan B, (1 mo. LIBOR + 3.75%, 1.00% Floor), 4.75%, 10/19/23							2,014				2,009,892
Camelot US Acquisition 1 Co., 2020 Incremental Term Loan B, 10/31/26(d)(i)							2,612				2,597,843
Go Daddy Operating Co. LLC, 2020 Term Loan B3, (1 mo. LIBOR + 2.50%), 2.65%, 08/10/27							1,198				1,178,782
Rackspace Hosting, Inc., 2017 Incremental 1st Lien Term Loan, (3 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 11/03/23							234				228,739
TierPoint LLC, 2017 1st Lien Term Loan, (1 mo. LIBOR + 3.75%, 1.00% Floor), 4.75%, 05/06/24							601				583,476
											6,788,187
IT Services(h) — 8.3%
Aruba Investments, Inc., 2020 USD Term Loan B, (6 mo. LIBOR + 4.25%, 1.00% Floor), 5.25%, 07/07/25							319				316,474
Camelot U.S. Acquisition 1 Co., Term Loan B, (1 mo. LIBOR + 3.00%), 3.15%, 10/31/26							2,438				2,388,241
Flexential Intermediate Corp., 2nd Lien Term Loan, (3 mo. LIBOR + 7.25%, 1.00% Floor), 7.50%, 08/01/25							605				355,438
Greeneden US Holdings II LLC, 2018 USD Term Loan B, (1 mo. LIBOR + 3.25%), 3.40%, 12/01/23							2,955				2,944,824
GreenSky Holdings LLC, 2020 Term Loan B2, (1 mo. LIBOR + 4.50%), 5.50%, 03/29/25(b)							967				932,747
PUG LLC, USD Term Loan, (1 mo. LIBOR + 3.50%), 3.65%, 02/12/27							1,989				1,746,928
Sophia LP (d)(i)
2020 1st Lien Term Loan, 09/22/27							3,177				3,153,967
2020 2nd Lien Term Loan, 09/17/27							2,590				2,525,250
Trans Union LLC, 2019 Term Loan B5, (1 mo. LIBOR + 1.75%), 1.90%, 11/16/26							2,093				2,037,554
Veritas US, Inc., 2020 USD Term Loan B, 09/01/25(d)(i)							4,969				4,857,464
WEX, Inc., Term Loan B3, (1 mo. LIBOR + 2.25%), 2.40%, 05/15/26							1,960				1,890,163
Zephyr Bidco Ltd., 2018 GBP Term Loan B1, (LIBOR - GBP + 4.25%), 4.30%, 07/23/25			GBP				1,000				1,225,625
											24,374,675
Leisure Products — 0.2%
MND Holdings III Corp., 2018 1st Lien Term Loan, (3 mo. LIBOR + 3.50%, 1.00% Floor), 4.50%, 06/19/24(h)			USD				624				499,914

6

Schedule of Investments  (unaudited) (continued) September 30, 2020 BlackRock Floating Rate Income Trust (BGT) (Percentages shown are based on Net Assets)

Security						Par (000)				Value
Life Sciences Tools & Services(h) — 0.5%
Albany Molecular Research, Inc., 2017 2nd Lien Term Loan, (3 mo. LIBOR + 7.00%, 1.00% Floor), 8.00%, 08/30/25			USD				240			$	235,999
eResearchTechnology, Inc., 2020 1st Lien Term Loan, (1 mo. LIBOR + 4.50%, 1.00% Floor), 5.50%, 02/04/27							1,333				1,325,717
											1,561,716
Machinery(h) — 1.7%
Columbus McKinnon Corp., 2018 Term Loan B, (3 mo. LIBOR + 2.50%, 1.00% Floor), 3.50%, 01/31/24(b)							82				81,242
Ingersoll-Rand Services Co., 2020 USD Spinco Term Loan, (1 mo. LIBOR + 1.75%), 1.90%, 02/28/27							1,410				1,360,963
Terex Corp., 2019 Term Loan B1, (1 mo. LIBOR + 2.75%), 3.50%, 01/31/24(b)							197				192,075
Titan Acquisition Ltd., 2018 Term Loan B, (3 mo. LIBOR + 3.00%), 3.36%, 03/28/25							3,445				3,246,025
											4,880,305
Media(h) — 16.5%
Altice Financing SA
2017 USD Term Loan B, (1 mo. LIBOR + 2.75%), 2.90%, 07/15/25							704				671,119
USD 2017 1st Lien Term Loan, (1 mo. LIBOR + 2.75%), 2.89%, 01/31/26							973				916,858
Altice France SA, 2018 Term Loan B13, (1 mo. LIBOR + 4.00%), 4.15%, 08/14/26							2,180				2,113,392
Charter Communications Operating LLC, 2019 Term Loan B1, (1 mo. LIBOR + 1.75%), 1.90%, 04/30/25							2,729				2,677,021
Clear Channel Outdoor Holdings, Inc., Term Loan B, (3 mo. LIBOR + 3.50%), 3.76%, 08/21/26							4,039				3,666,543
Cogeco Communications Finance (USA) LP, Term Loan B, (1 mo. LIBOR + 2.00%), 2.15%, 01/03/25							85				82,320
Connect Finco Sarl, Term Loan B, (1 mo. LIBOR + 0.45%, 1.00% Floor), 4.65%, 12/12/26							5,470				5,295,825
CSC Holdings LLC
2017 Term Loan B1, (1 mo. LIBOR + 2.25%), 2.40%, 07/17/25							1,336				1,290,424
2019 Term Loan B5, (1 mo. LIBOR + 2.50%), 2.65%, 04/15/27							1,317				1,274,289
Gray Television, Inc.
2017 Term Loan B, (1 mo. LIBOR + 2.25%), 2.41%, 02/07/24							371				362,522
2018 Term Loan C, (1 mo. LIBOR + 2.50%), 2.66%, 01/02/26							503				493,688
Intelsat Jackson Holdings SA
2017 Term Loan B3, (PRIME + 4.75%), 8.00%, 11/27/23							245				245,850
2020 DIP Term Loan, (3 mo. LIBOR + 5.50%, 1.00% Floor), 6.50%, 07/13/22							42				43,090
Learfield Communications LLC, 2016 1st Lien Term Loan, (1 mo. LIBOR + 3.25%, 1.00% Floor), 4.25%, 12/01/23							2,677				2,267,218
Liberty Latin America Ltd., Term Loan B, (1 mo. LIBOR + 5.00%), 5.15%, 10/15/26							799				797,338
Lions Gate Capital Holdings LLC, 2018 Term Loan B, (1 mo. LIBOR + 2.25%), 2.40%, 03/24/25							839				807,967
Live Nation Entertainment, Inc., Term Loan B4, (1 mo. LIBOR + 1.75%), 1.94%, 10/19/26							1,388				1,289,815

Security						Par (000)				Value
Media (continued)
MCC Iowa LLC, Term Loan N, (1 Week LIBOR + 1.75%), 1.86%, 02/15/24			USD				215			$	213,140
MH Sub I LLC
2017 1st Lien Term Loan, (1 mo. LIBOR + 3.50%), 3.65%, 09/13/24							2,185				2,122,242
2020 Incremental Term Loan, (1 mo. LIBOR + 3.75%, 1.00% Floor), 4.75%, 09/15/24							500				493,031
Midcontinent Communications, 2019 Term Loan B, (1 mo. LIBOR + 1.75%), 1.90%, 08/15/26							453				443,989
Nexstar Broadcasting, Inc., 2019 Term Loan B4, (1 mo. LIBOR + 2.75%), 2.91%, 09/19/26							922				900,685
PSAV Holdings LLC, 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.25%, 1.00% Floor), 4.25%, 03/03/25							2,361				1,753,108
Radiate Holdco LLC
1st Lien Term Loan, (1 mo. LIBOR + 3.00%), 3.75%, 09/25/26							1,404				1,378,692
2020 Term Loan, 09/25/26(d)(i)							275				270,108
Sinclair Television Group, Inc., Term Loan B2, (1 mo. LIBOR + 2.25%), 2.40%, 01/03/24							610				593,228
Terrier Media Buyer, Inc., Term Loan B, (1 mo. LIBOR + 4.25%), 4.40%, 12/17/26							1,938				1,887,306
Trader Corp., 2017 Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 09/28/23							2,539				2,462,414
UFC Holdings LLC, 2019 Term Loan, (6 mo. LIBOR + 3.25%, 1.00% Floor), 4.25%, 04/29/26							452				443,179
Virgin Media Bristol LLC
2020 USD Term Loan Q, 01/31/29(d)(i)							1,453				1,426,890
USD Term Loan N, (1 mo. LIBOR + 2.50%), 2.65%, 01/31/28							1,461				1,416,085
William Morris Endeavor Entertainment LLC, 2018 1st Lien Term Loan, (1 mo. LIBOR + 2.75%), 2.90%, 05/18/25							1,844				1,569,739
Zayo Group Holdings, Inc., USD Term Loan, (1 mo. LIBOR + 3.00%), 3.15%, 03/09/27							6,789				6,579,222
											48,248,337
Metals & Mining — 0.4%
Ball Metalpack LLC, 2018 1st Lien Term Loan B, (3 mo. LIBOR + 4.50%), 4.76%, 07/31/25(h)							1,101				1,056,145
Multiline Retail(h) — 0.3%
Eyemart Express LLC, 2017 Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 08/04/24							587				566,798
Neiman Marcus Group Ltd. LLC, 2020 Exit Term Loan, 09/25/25(i)							172				176,470
											743,268
Oil, Gas & Consumable Fuels(h) — 0.5%
California Resources Corp., Second Out Term Loan, 0.00%, 12/31/21(a)(f)							1,073				20,569
Edgewater Generation LLC, Term Loan, (1 mo. LIBOR + 3.75%), 3.90%, 12/13/25							923				892,686
EG Group Ltd., 2018 USD Term Loan B, (3 mo. LIBOR + 4.00%), 4.22%, 02/07/25							483				472,143
McDermott Technology Americas, Inc.
2020 Make Whole Term Loan, 06/30/24(b)(d)(i)							25				21,430
2020 Take Back Term Loan, (1 mo. LIBOR + 4.00%), 4.15%, 06/30/25							173				129,423
											1,536,251

SCHEDULE OF INVESTMENTS 7

Schedule of Investments  (unaudited) (continued) September 30, 2020 BlackRock Floating Rate Income Trust (BGT) (Percentages shown are based on Net Assets)

Security						Par (000)				Value
Personal Products — 1.0%
Sunshine Luxembourg VII Sarl, USD Term Loan B1, (6 mo. LIBOR + 4.25%, 1.00% Floor), 5.32%, 09/25/26(h)			USD				2,980			$	2,959,571
Pharmaceuticals(h) — 3.6%
Amneal Pharmaceuticals LLC, 2018 Term Loan B, (1 mo. LIBOR + 3.50%), 3.69%, 05/04/25							1,223				1,149,477
Catalent Pharma Solutions, Inc., Term Loan B2, (1 mo. LIBOR + 2.25%, 1.00% Floor), 3.25%, 05/18/26							1,269				1,261,006
Elanco Animal Health, Inc., Term Loan B, (1 mo. LIBOR + 1.75%), 1.91%, 08/01/27							772				749,848
Grifols Worldwide Operations USA, Inc., USD 2019 Term Loan B, (1 Week LIBOR + 2.00%), 2.10%, 11/15/27							1,343				1,313,103
Jaguar Holding Co. II, 2018 Term Loan, (1 mo. LIBOR + 2.50%, 1.00% Floor), 3.50%, 08/18/22							2,101				2,091,899
Valeant Pharmaceuticals International, Inc., 2018 Term Loan B, (1 mo. LIBOR + 3.00%), 3.15%, 06/02/25							4,007				3,922,649
											10,487,982
Professional Services(h) — 1.7%
Dun & Bradstreet Corp., Term Loan, (1 mo. LIBOR + 3.75%), 3.89%, 02/06/26							4,072				4,025,601
STG-Fairway Holdings LLC, Term Loan B, (3 mo. LIBOR + 3.25%), 3.47%, 01/31/27(b)							962				939,954
											4,965,555
Real Estate Management & Development(h) — 0.8%
CityCenter Holdings LLC, 2017 Term Loan B, (1 mo. LIBOR + 2.25%), 3.00%, 04/18/24							1,410				1,350,869
Cushman & Wakefield U.S. Borrower LLC, 2020 Term Loan B, (1 mo. LIBOR + 2.75%), 2.90%, 08/21/25							909				874,355
Realogy Corp., 2018 Term Loan B, (1 mo. LIBOR + 2.25%), 3.00%, 02/08/25							125				119,313
											2,344,537
Road & Rail(h) — 1.9%
Lineage Logistics Holdings LLC, 2018 Term Loan, 02/27/25(d)(i)							3,173				3,124,239
Moda Ingleside Energy Center LLC, 2018 Term Loan B, (1 mo. LIBOR + 3.25%), 3.40%, 09/25/25							445				437,284
Road Infrastructure Investment LLC, 2016 1st Lien Term Loan, (3 mo. LIBOR + 3.50%, 1.00% Floor), 4.50%, 06/13/23							1,492				1,352,583
SIRVA Worldwide, Inc., 2018 1st Lien Term Loan, (3 mo. LIBOR + 5.50%), 5.65%, 08/04/25							766				634,039
											5,548,145
Semiconductors & Semiconductor Equipment(h) — 0.4%
Microchip Technology, Inc., 2018 Term Loan B, (1 mo. LIBOR + 2.00%), 2.15%, 05/29/25(b)							646				643,113
ON Semiconductor Corp., 2019 Term Loan B, (1 mo. LIBOR + 2.00%), 2.15%, 09/19/26							393				385,803
											1,028,916
Software(h) — 20.4%
Applied Systems, Inc.
2017 1st Lien Term Loan, (3 mo. LIBOR + 3.25%, 1.00% Floor), 4.25%, 09/19/24							2,358				2,341,003
2017 2nd Lien Term Loan, (3 mo. LIBOR + 7.00%, 1.00% Floor), 8.00%, 09/19/25							449				453,174
BMC Software Finance, Inc., 2018 USD Term Loan B, (1 mo. LIBOR + 4.25%), 4.40%, 10/02/25							1,440				1,394,625

Security						Par (000)				Value
Software (continued)
By Crown Parent LLC, Term Loan B1, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 01/31/26			USD				1,488			$	1,467,625
Castle US Holding Corp., USD Term Loan B, (3 mo. LIBOR + 3.75%), 3.97%, 01/31/27							1,576				1,511,725
Cornerstone OnDemand, Inc., Term Loan B, (1 mo. LIBOR + 4.25%), 4.41%, 04/22/27							742				739,989
Cypress Intermediate Holdings III, Inc., 2017 1st Lien Term Loan, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 04/29/24							1,163				1,153,195
Digicel International Finance Ltd., 2017 Term Loan B, (6 mo. LIBOR + 3.25%), 3.80%, 05/27/24							716				627,180
DTI Holdco, Inc., 2018 Term Loan B, (3 mo. LIBOR + 4.75%, 1.00% Floor), 5.75%, 09/29/23							1,001				871,560
Epicor Software Corp.
2020 2nd Lien Term Loan, (1 mo. LIBOR + 7.75%, 1.00% Floor), 8.75%, 07/31/28							1,316				1,348,900
2020 Term Loan, (1 mo. LIBOR + 4.25%, 1.00% Floor), 5.25%, 07/31/27							2,636				2,629,923
Financial & Risk US Holdings, Inc., 2018 USD Term Loan, 10/01/25(d)(i)							6,263				6,194,836
Informatica LLC
2020 USD 2nd Lien Term Loan, (Fixed + 7.13%), 7.13%, 02/25/25							1,093				1,108,488
2020 USD Term Loan B, (1 mo. LIBOR + 3.25%), 3.40%, 02/25/27							5,038				4,920,934
McAfee LLC, 2018 USD Term Loan B, (1 mo. LIBOR + 3.75%), 3.90%, 09/30/24							2,158				2,139,972
MED ParentCo LP, 2020 Incremental Term Loan B,
(1 mo. LIBOR + 6.25%, 1.00% Floor), 7.25%, 08/31/26(b)							539				530,915
Mitchell International, Inc.
2017 1st Lien Term Loan, (1 mo. LIBOR + 3.25%), 3.40%, 11/29/24							1,359				1,296,401
2017 2nd Lien Term Loan, (1 mo. LIBOR + 7.25%), 7.40%, 12/01/25							524				494,812
2020 Add-On Term Loan, (1 mo. LIBOR + 4.25%), 4.75%, 12/01/24							1,278				1,251,648
Netsmart Technologies, Inc., 2020 Term Loan B, 5.00%, 09/22/27							903				898,711
Omnitracs, Inc., 2020 2nd Lien Term Loan, 8.25%, 09/10/28							663				652,226
Renaissance Holding Corp., 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.25%), 3.40%, 05/30/25							425				408,914
Severin Acquisition LLC, 2018 Term Loan B, (1 mo. LIBOR + 3.25%), 3.41%, 08/01/25							2,283				2,211,269
SolarWinds Holdings, Inc., 2018 Term Loan B, (1 mo. LIBOR + 2.75%), 2.90%, 02/05/24							1,480				1,449,727
Solera LLC, USD Term Loan B, (2 mo. LIBOR + 2.75%), 2.94%, 03/03/23							1,815				1,774,790
Sophia LP, 2017 Term Loan B, (1 mo. LIBOR + 3.25%, 1.00% Floor), 4.25%, 09/30/22							3,171				3,154,580
SS&C Technologies Holdings Europe Sarl, 2018 Term Loan B4, (1 mo. LIBOR + 1.75%), 1.90%, 04/16/25							561				542,596
SS&C Technologies, Inc.
2018 Term Loan B3, (1 mo. LIBOR + 1.75%), 1.90%, 04/16/25							799				772,386
2018 Term Loan B5, (1 mo. LIBOR + 1.75%), 1.90%, 04/16/25							998				965,513
Tempo Acquisition LLC, 2020 Extended Term Loan, 11/02/26(d)(i)							3,844				3,715,893

8

Schedule of Investments  (unaudited) (continued) September 30, 2020 BlackRock Floating Rate Income Trust (BGT) (Percentages shown are based on Net Assets)

Security						Par (000)				Value
Software (continued)
Tibco Software Inc., 2020 2nd Lien Term Loan, (1 mo. LIBOR + 7.25%), 7.40%, 03/04/28			USD				2,104			$	2,051,501
Ultimate Software Group, Inc.
2020 2nd Lien Incremental Term Loan, (3 mo. LIBOR + 6.75%), 7.50%, 05/03/27							1,225				1,245,421
2020 Incremental Term Loan B, (3 mo. LIBOR + 4.00%), 4.75%, 05/03/26							3,768				3,754,360
Term Loan B, (1 mo. LIBOR + 3.75%), 3.90%, 05/03/26							3,583				3,548,343
											59,623,135
Specialty Retail(h) — 2.9%
Belron Finance US LLC
2018 Term Loan B, (3 mo. LIBOR + 2.50%), 2.75%, 11/13/25							274				270,006
2019 USD Term Loan B, (3 mo. LIBOR + 2.50%), 2.77%, 11/13/25							670				660,726
USD Term Loan B, (3 mo. LIBOR + 2.50%), 2.74%, 11/07/24							1,468				1,446,448
CD&R Firefly Bidco Ltd., 2018 GBP Term Loan B1, (LIBOR - GBP + 4.50%), 5.18%, 06/23/25			GBP				1,000				1,246,800
IAA, Inc., Term Loan B, (1 mo. LIBOR + 2.25%), 2.44%, 06/28/26(b)			USD				506				497,093
MED ParentCo LP
1st Lien Delayed Draw Term Loan, (1 mo. LIBOR + 4.25%), 4.40%, 08/31/26							151				143,373
1st Lien Term Loan, (1 mo. LIBOR + 4.25%), 4.40%, 08/31/26							862				817,142
Midas Intermediate Holdco II LLC, Incremental Term Loan B, (3 mo. LIBOR + 2.75%, 1.00% Floor), 3.75%, 08/18/21							754				702,937
PetSmart, Inc., Consenting Term Loan, (3 mo. LIBOR + 3.50%, 1.00% Floor), 4.50%, 03/11/22							2,001				1,994,776
Research Now Group, Inc., 2017 1st Lien Term Loan, (6 mo. LIBOR + 5.50%, 1.00% Floor), 6.50%, 12/20/24							759				716,451
											8,495,752
Technology Hardware, Storage & Peripherals(h) — 0.6%
Electronics for Imaging, Inc., Term Loan, (1 mo. LIBOR + 5.00%), 5.15%, 07/23/26							864				696,477
Western Digital Corp., 2018 Term Loan B4, (1 mo. LIBOR + 1.75%), 1.91%, 04/29/23							1,110				1,099,415
											1,795,892
Thrifts & Mortgage Finance — 0.6%
IG Investment Holdings LLC, 2018 1st Lien Term Loan, (3 mo. LIBOR + 4.00%, 1.00% Floor), 5.00%, 05/23/25(h)							1,874				1,842,614
Trading Companies & Distributors — 0.8%
HD Supply, Inc., Term Loan B5, (1 mo. LIBOR + 1.75%), 1.90%, 10/17/23(h)							2,378				2,367,913
Utilities — 0.4%
ExGen Renewables IV LLC, Term Loan B, (3 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 11/28/24(h)							1,210				1,207,012
Wireless Telecommunication Services(h) — 3.1%
Ligado Networks LLC, PIK Exit Term Loan, 12/07/20(a)(f)(i).							111				101,513

Security		Par (000)				Value
Wireless Telecommunication Services (continued)
SBA Senior Finance II LLC, 2018 Term Loan B, (1 mo. LIBOR + 1.75%), 1.90%, 04/11/25			USD   2,582			$	2,511,729
T-Mobile USA, Inc., 2020 Term Loan, (1 mo. LIBOR + 3.00%), 3.15%, 04/01/27			4,082				4,075,566
Xplornet Communications, Inc., 2020 Term Loan B, (1 mo. LIBOR + 4.75%), 4.90%, 06/10/27			2,344				2,295,789
							8,984,597
Total Floating Rate Loan Interests — 140.9% (Cost: $422,371,914)							412,094,848
		Shares
Investment Companies
Equity Funds — 0.1%
SPDR S&P Oil & Gas Exploration & Production ETF			3,125				131,469
Fixed Income Funds — 2.7%
Invesco Senior Loan ETF			33,000				717,420
iShares iBoxx $ High Yield Corporate Bond ETF(k)			63,000				5,285,700
iShares iBoxx $ Investment Grade Corporate Bond ETF(k)			15,000				2,020,650
							8,023,770
Total Investment Companies — 2.8% (Cost: $7,939,140)							8,155,239
		Benefical Interest (000)
Other Interests(l)
Auto Components — 0.0%
Lear Corp. Escrow(a)(b)(f)			USD      500				5
IT Services(a)(b) — 0.0%
Millennium Corp			991				—
Millennium Lender Claims			930				—
							—
Total Other Interests — 0.0% (Cost: $ — )							5
		Shares
Warrants
Metals & Mining — 0.0%
AFGlobal Corp. (Expires 12/20/20)(b)			2,642				—
Total Warrants — 0.0% (Cost: $ — )							—
Total Investments — 150.9% (Cost: $451,953,836)							441,219,652
Liabilities in Excess of Other Assets — (50.9)%							(148,804,537	)
Net Assets — 100.0%						$	292,415,115

SCHEDULE OF INVESTMENTS 9

Schedule of Investments  (unaudited) (continued) September 30, 2020 BlackRock Floating Rate Income Trust (BGT)

^(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)  When-issued security.

^(e)  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.

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

^(g)  Convertible security.

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

⁽ⁱ⁾  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.

^(j)  Amount is less than 500.

^(k)  Affiliate of the Trust.

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

Affiliates

Investments in issuers considered to be affiliate(s) of the Trust during the period ended September 30, 2020, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

Affiliated Issuer		Value at 12/31/19				Purchases at Cost				Proceeds from Sales				Net Realized Gain (Loss)				Change in Unrealized Appreciation (Depreciation)				Value at 09/30/20				Shares Held at 09/30/20				Income				Capital Gain Distributions from Underlying Funds
BlackRock Liquidity Funds, T-Fund, Institutional Class(a)		$	—			$	—			$	—			$	—			$	—			$	—				—			$	4,259			$	—
iShares iBoxx $ High Yield Corporate Bond ETF			—				10,819,847				(5,865,844	)			67,640				264,057				5,285,700				63,000				150,343				—
iShares iBoxx $ Investment Grade Corporate Bond ETF			—				3,880,889				(2,071,154	)			111,162				99,753				2,020,650				15,000				31,982				—
														$	178,802			$	363,810			$	7,306,350							$	186,584			$	—

^(a)  As of period end, the entity is no longer held.

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.

Derivative Financial Instruments Outstanding as of Period End

Forward Foreign Currency Exchange Contracts

Currency Purchased						Currency Sold						Counterparty		Settlement Date				Unrealized Appreciation (Depreciation)
EUR			378,000			USD			442,638			UBS AG			10/05/20			$	576
GBP			2,349,000			USD			3,018,230			HSBC BANK PLC			10/05/20				12,840
USD			903,988			EUR			756,000			UBS AG			10/05/20				17,561
USD			3,134,479			GBP			2,355,000			Citibank N.A.			10/05/20				95,666
USD			443,895			EUR			378,000			Goldman Sachs International			11/04/20				407
																			127,050
EUR			378,000			USD			443,621			Goldman Sachs International			10/05/20				(407	)
USD			442,912			EUR			378,000			UBS AG			11/04/20				(576	)
USD			3,018,707			GBP			2,349,000			HSBC BANK PLC			11/04/20				(12,843	)
																			(13,826	)
																		$	113,224

Centrally Cleared Credit Default Swaps — Sell Protection

Reference Obligation/Index

Financing Rate Received by the Trust

Payment Frequency

Termination Date

Credit Rating(a)

Notional Amount (000)(b)

Value

Upfront Premium Paid (Received)

Unrealized Appreciation (Depreciation)

CDX.NA.HY.34.V9

5.00

%

Quarterly

06/20/25

B-

USD 5,888

$

297,567

$

19,184

$

278,383

^(a)  Using the rating of the issuer or the underlying securities of the index, as applicable, provided by S&P Global Ratings.

^(b)  The maximum potential amount the Trust may pay should a negative credit event take place as defined under the terms of the agreement.

10

Schedule of Investments  (unaudited) (continued) September 30, 2020 BlackRock Floating Rate Income Trust (BGT)

Fair Value Hierarchy as of Period End

Various inputs are used in determining the fair value of financial instruments. 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 Trust 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 BlackRock Global Valuation Methodologies Committee’s (the “Global Valuation Committee’s”) assumptions used in determining the fair value of 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 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 financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Trust’s policy regarding valuation of financial instruments, refer to its most recent financial statements.

The following tables summarize the Trust’s investments and derivative financial instruments categorized in the disclosure hierarchy. The breakdown of the Trust’s investments into major categories is disclosed in the Schedule of Investments above.

		Level 1				Level 2				Level 3				Total
Assets
Investments
Long-Term Investments
Common Stocks
Auto Components		$	9,706			$	—			$	—			$	9,706
Energy Equipment & Services			183,945				—				21,203				205,148
Health Care Management Services			—				9				—				9
Household Durables			—				—				—				—
Media			72,096				—				—				72,096
Metals & Mining			—				13,728				29,904				43,632
Software			608				—				—				608
Specialty Retail			—				94,235				—				94,235
Corporate Bonds			—				20,280,260				263,866				20,544,126
Floating Rate Loan Interests			—				402,674,065				9,420,783				412,094,848
Investment Companies			8,155,239				—				—				8,155,239
Other Interests			—				—				5				5
Warrants			—				—				—				—
Unfunded Floating Rate Loan Interests(a)			—				873				—				873
Liabilities
Unfunded Floating Rate Loan Interests(a)			—				(14,963	)			—				(14,963	)
		$	8,421,594			$	423,048,207			$	9,735,761			$	441,205,562
Derivative Financial Instruments(b)
Assets
Credit Contracts		$	—			$	278,383			$	—			$	278,383
Foreign Currency Exchange Contracts			—				127,050				—				127,050
Liabilities
Foreign Currency Exchange Contracts			—				(13,826	)			—				(13,826	)
		$	—			$	391,607			$	—			$	391,607

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

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

SCHEDULE OF INVESTMENTS 11

Schedule of Investments  (unaudited) (continued) September 30, 2020 BlackRock Floating Rate Income Trust (BGT)

A reconciliation of Level 3 financial instruments 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:

		Common Stocks				Corporate Bonds				Floating Rate Loan Interests				Other Interests				Warrants				Total
Assets
Opening balance, as of December 31, 2019		$	212,857			$	—			$	18,429,479			$	5			$	—	(a)		$	18,642,341
Transfers into Level 3(b)			—				—				3,119,013				—				—				3,119,013
Transfers out of Level 3(c)			—				—				(11,736,205	)			—				—				(11,736,205	)
Accrued discounts/premiums			—				4,754				8,949				—				—				13,703
Net realized gain (loss)			(10,500	)			—				(159,088	)			—				(2,743	)			(172,331	)
Net change in unrealized appreciation (depreciation)(d)			(5,335	)			(5,274	)			(245,017	)			—				2,743				(252,883	)
Purchases			7,279				264,386				6,191,381				—				—				6,463,046
Sales			(153,194	)			—				(6,187,729	)			—				—				(6,340,923	)
Closing balance, as of September 30, 2020		$	51,107			$	263,866			$	9,420,783			$	5			$	—	(a)		$	9,735,761
Net change in unrealized appreciation (depreciation) on investments still held at September 30, 2020(d)		$	27,008			$	(5,274	)		$	(191,500	)		$	—			$	—			$	(169,766	)

^(a)  Rounds to less than $1.

^(b)  As of December 31, 2019, the Trust used observable inputs in determining the value of certain investments. As of September 30, 2020, 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.

^(c)  As of December 31, 2019, the Trust used significant unobservable inputs in determining the value of certain investments. As of September 30, 2020, 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.

^(d)  Any difference between net change in unrealized appreciation (depreciation) and net change in unrealized appreciation (depreciation) on investments still held at September 30, 2020 is generally due to investments no longer held or categorized as Level 3 at period end.

The Trust’s financial instruments 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 financial instruments.

Currency Abbreviation
EUR		Euro
GBP		British Pound
USD		United States Dollar
Portfolio Abbreviation
DIP		Debtor-In-Possession
ETF		Exchange-Traded Fund
EURIBOR		Euro Interbank Offered Rate
LIBOR		London Interbank Offered Rate
MTN		Medium-Term Note
PIK		Payment-in-Kind
S&P		Standard & Poor’s
SPDR		Standard & Poor’s Depository Receipt

12