NPORT-EX 2 NPORT_D2I8_30762735_0921.htm

BlackRock Floating Rate Income Trust

Schedule of Investments  (unaudited) September 30, 2021 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			$	13,927
Construction & Engineering — 0.0%
McDermott International Ltd.(a)							76,644				38,322
Energy Equipment & Services — 0.0%
Pioneer Energy Services Corp.							546				8,496
Household Durables — 0.0%
Berkline Benchcraft Equity LLC(b)(c)							6,155				—
Media — 0.1%
Clear Channel Outdoor Holdings, Inc.(a)							72,096				195,380
Metals & Mining — 0.0%
Ameriforge Group, Inc.							832				1,248
Preferred Proppants LLC(c)							7,476				486
										1,734
Oil, Gas & Consumable Fuels — 0.0%
California Resources Corp.(a)							1,252				51,332
Software — 0.0%
Avaya Holdings Corp.(a)							40				792
Specialty Retail — 0.1%
NMG Parent LLC							2,218				286,492
Total Common Stocks — 0.2% (Cost: $2,784,924)											596,475
						Par (000)
Corporate Bonds
Airlines — 0.3%
Allegiant Travel Co., 8.50%, 02/05/24(a)(d)			USD				740				791,800
Auto Components — 0.1%
Clarios Global LP, 6.75%, 05/15/25(a)(d)							275				290,125
Beverages — 0.1%
Triton Water Holdings, Inc., 6.25%, 04/01/29(a)(d)							252				256,095
Building Materials — 0.0%
Summit Materials LLC/Summit Materials Finance Corp., 5.25%, 01/15/29(a)(d)							73				76,650
Chemicals — 0.0%
Illuminate Buyer LLC/Illuminate Holdings IV, Inc., 9.00%, 07/01/28(a)(d)							32				35,280
Construction Materials — 0.3%
Wolverine Escrow LLC, 9.00%, 11/15/26(a)(d)							950				877,562
Diversified Telecommunication Services — 0.1%
Zayo Group Holdings, Inc., 6.13%, 03/01/28(a)(d)							155				157,136

Security						Par (000)				Value
Electric Utilities — 0.0%
Pike Corp., 5.50%, 09/01/28(a)(d)			USD				89			$	90,696
Texas Competitive Electric Holdings Co. LLC/TCEH
Finance, Inc., 11.50%, 11/10/21(c)							1,050				—
											90,696
Energy Equipment & Services(a)(c)(d)(e) — 0.1%
Pioneer Energy Services Corp.
(11.00% Cash or 11.00% PIK), 11.00%, 05/15/25							214				237,342
(5.00% PIK), 5.00%, 11/15/25							161				187,314
											424,656
Equity Real Estate Investment Trusts (REITs) — 0.0%
MGM Growth Properties Operating Partnership LP/MGP
Finance Co-Issuer, Inc., 4.63%, 06/15/25(a)(d)							85				91,588
Household Products — 0.0%
Berkline Benchcraft LLC, 4.50%, 06/01/22(c)(f)							400				—
Internet Software & Services — 0.0%
Uber Technologies, Inc., 6.25%, 01/15/28(a)(d)							137				146,931
Machinery — 0.2%
Madison IAQ LLC, 5.88%, 06/30/29(a)(d)							499				502,742
Media(a)(d) — 0.3%
Liberty Broadband Corp., 2.75%, 09/30/50(g)							315				332,528
Ligado Networks LLC, (15.50% PIK), 15.50%, 11/01/23(e)							120				116,384
Radiate Holdco LLC/Radiate Finance, Inc., 4.50%, 09/15/26							353				364,473
											813,385
Total Corporate Bonds — 1.5% (Cost: $4,374,481)											4,554,646
Floating Rate Loan Interests(f)
Aerospace & Defense — 5.6%
Atlas CC Acquisition Corp.
Term Loan B, (3 mo. LIBOR + 4.25%, 0.75% Floor), 5.00%, 05/25/28							3,922				3,933,179
Term Loan C, (3 mo. LIBOR + 4.25%, 0.75% Floor), 5.00%, 05/25/28							798				799,969
Bleriot US Bidco, Inc., 2021 Term Loan B, (3 mo. LIBOR + 4.00%), 4.13%, 10/31/26							444				444,316
Dynasty Acquisition Co., Inc. 2020 CAD Term Loan B2, (3 mo. LIBOR + 3.50%), 3.63%, 04/06/26							1,249				1,220,574
2020 Term Loan B1, (3 mo. LIBOR + 3.50%), 3.63%, 04/06/26							2,323				2,270,268
Nordam Group, Inc., Term Loan B, (1 mo. LIBOR + 5.50%), 5.63%, 04/09/26							460				429,136
Peraton Holding Corp. 2nd Lien Term Loan B1, (1 mo. LIBOR + 7.75%, 0.75% Floor), 8.50%, 02/01/29							1,396				1,422,175
Term Loan B, (1 mo. LIBOR + 3.75%, 0.75% Floor), 4.50%, 02/01/28							4,233				4,233,185

1

Schedule of Investments  (unaudited) (continued) September 30, 2021 BlackRock Floating Rate Income Trust (BGT) (Percentages shown are based on Net Assets)

Security						Par (000)				Value
Aerospace & Defense (continued)
Spirit Aerosystems, Inc., 2020 Term Loan B, (1 mo. LIBOR + 5.25%, 0.75% Floor), 6.00%, 01/15/25			USD				612			$	614,161
TransDigm, Inc., 2020 Term Loan F, (1 mo. LIBOR + 2.25%), 2.33%, 12/09/25							1,569				1,548,946
											16,915,909
Air Freight & Logistics — 0.5%
AIT Worldwide Logistics, Inc, 2021 Term Loan, (3 mo. LIBOR + 4.75%, 0.75% Floor), 5.50%, 03/31/28							295				295,738
Kestrel Bidco, Inc., Term Loan B, (6 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 12/11/26							1,091				1,063,342
											1,359,080
Airlines — 2.4%
AAdvantage Loyalty IP Ltd./American Airlines, Inc., 2021 Term Loan, (3 mo. LIBOR + 4.75%, 0.75% Floor), 5.50%, 04/20/28							786				812,307
Air Canada, 2021 Term Loan B, (3 mo. LIBOR + 3.50%, 0.75% Floor), 4.25%, 08/11/28							1,261				1,265,300
American Airlines, Inc.
2017 1st Lien Term Loan, (1 mo. LIBOR + 1.75%), 1.84%, 01/29/27							241				230,720
2017 Incremental Term Loan, (1 mo. LIBOR + 2.00%), 2.08%, 12/15/23							1,213				1,186,017
Mileage Plus Holdings LLC, 2020 Term Loan B, (3 mo. LIBOR + 5.25%, 1.00% Floor), 6.25%, 06/21/27							1,472				1,563,087
United Airlines, Inc., 2021 Term Loan B, (3 mo. LIBOR + 3.75%, 0.75% Floor), 4.50%, 04/21/28							2,301				2,314,565
											7,371,996
Auto Components — 2.7%
Adient US LLC, 2021 Term Loan B, (1 mo. LIBOR + 3.50%), 3.58%, 04/08/28							507				506,517
Clarios Global LP, 2021 USD Term Loan B, (1 mo. LIBOR + 3.25%), 3.33%, 04/30/26							2,248				2,236,817
Truck Hero, Inc., 2021 Term Loan B, (1 mo. LIBOR + 3.25%, 0.75% Floor), 4.00%, 01/31/28							1,548				1,544,024
USI, Inc.
2017 Repriced Term Loan, (3 mo. LIBOR + 3.00%), 3.13%, 05/16/24							2,343				2,325,556
2019 Incremental Term Loan B, (3 mo. LIBOR + 3.25%), 3.38%, 12/02/26							133				132,661
Wand NewCo 3, Inc., 2020 Term Loan, (1 mo. LIBOR + 3.00%), 3.08%, 02/05/26							1,601				1,585,336
											8,330,911
Banks — 0.6%
Directv Financing LLC, (3 mo. LIBOR + 5.00%, 0.75% Floor), 5.75%, 07/22/27							1,760				1,760,635
Building Materials — 0.1%
CHI Overhead Doors, Inc, Term Loan, (1 mo. LIBOR + 3.50%, 1.00% Floor), 4.50%, 07/31/25							112				111,835
Cornerstone Building Brands, Inc., 2021 Term Loan B, (1 mo. LIBOR + 3.25%, 0.50% Floor), 3.75%, 04/12/28							262				261,045
											372,880
Building Products — 2.5%
CP Atlas Buyer, Inc., 2021 Term Loan B, (3 mo. LIBOR + 3.75%, 0.50% Floor), 4.25%, 11/23/27(h)							1,718				1,712,411
CPG International, Inc., 2017 Term Loan, (3 mo. LIBOR + 2.50%, 0.75% Floor), 3.25%, 05/05/24							1,067				1,066,539

Security						Par (000)				Value
Building Products (continued)
Jeld-Wen, Inc., 2021 Term Loan B, (1 mo. LIBOR + 2.25%), 2.33%, 07/28/28			USD				787			$	785,391
MI Windows And Doors LLC, 2020 Term Loan, (1 mo. LIBOR + 3.75%, 0.75% Floor), 4.50%, 12/18/27							328				327,934
Standard Industries, Inc., 2021 Term Loan B, 3.00%, 09/22/28(h)							1,577				1,577,852
Wilsonart LLC, 2021 Term Loan E, (3 mo. LIBOR + 3.50%, 1.00% Floor), 4.50%, 12/19/26							1,970				1,971,014
											7,441,141
Capital Markets — 3.0%
AQGEN Ascensus, Inc., 2021 2nd Lien Term Loan, (2 mo. LIBOR + 6.50%, 0.50% Floor), 7.00%, 08/02/29(c)							1,557				1,541,430
Deerfield Dakota Holding LLC
2020 USD Term Loan B, (1 mo. LIBOR + 3.75%, 1.00% Floor), 4.75%, 04/09/27							3,583				3,589,718
2021 USD 2nd Lien Term Loan, (1 mo. LIBOR + 6.75%, 0.75% Floor), 7.50%, 04/07/28							1,114				1,147,420
Eagle Broadband Investments LLC, Term Loan, (3 mo. LIBOR + 3.00%, 0.75% Floor), 3.75%, 11/12/27							874				874,392
FinCo I LLC, 2020 Term Loan B, (1 mo. LIBOR + 2.50%), 2.58%, 06/27/25							512				509,751
Focus Financial Partners LLC, 2021 Term Loan, (1 mo. LIBOR + 2.50%, 0.50% Floor), 3.00%, 07/01/28							745				742,672
Greenhill & Co., Inc., Term Loan B, (1 mo. LIBOR + 3.25%), 3.33%, 04/12/24							775				771,523
											9,176,906
Chemicals — 6.1%
Ascend Performance Materials Operations LLC, 2021 Term Loan B, (3 mo. LIBOR + 4.75%, 0.75% Floor), 5.50%, 08/27/26							1,578				1,595,923
Atotech BV, 2021 USD Term Loan B, (3 mo. LIBOR + 2.50%, 0.50% Floor), 3.00%, 03/18/28							2,150				2,146,474
Axalta Coating Systems US Holdings, Inc., USD Term Loan B3, (3 mo. LIBOR + 1.75%), 1.88%, 06/01/24							1,143				1,139,146
Element Materials Technology Group US Holdings, Inc., 2017 Term Loan B, (3 mo. LIBOR + 3.50%, 1.00% Floor), 4.50%, 06/28/24							715				711,579
Element Solutions, Inc., 2019 Term Loan B1, (1 mo. LIBOR + 2.00%), 2.08%, 01/31/26.							1,240				1,237,519
Encapsys LLC, 2020 Term Loan B2, (PRIME + 2.25%), 5.50%, 11/07/24							758				756,670
Illuminate Buyer LLC, 2021 Term Loan, (1 mo. LIBOR + 3.50%), 3.58%, 06/30/27							869				867,276
Invictus Technical Solutions LLC, 2nd Lien Term Loan, (1 mo. LIBOR + 6.75%), 6.83%, 03/30/26							526				524,587
Invictus US LLC, 1st Lien Term Loan, (1 mo. LIBOR + 3.00%), 3.08%, 03/28/25							471				469,681
Klockner-Pentaplast of America, Inc., 2021 Term Loan B, (6 mo. LIBOR + 4.75%, 0.50% Floor), 5.25%, 02/12/26							790				791,515
Lonza Group AG, USD Term Loan B, (3 mo. LIBOR + 4.00%, 0.75% Floor), 4.75%, 07/03/28							641				643,111
Messer Industries GmbH, 2018 USD Term Loan, (3 mo. LIBOR + 2.50%), 2.63%, 03/01/26							1,519				1,510,618
Minerals Technologies, Inc., 2017 Term Loan B, (1 mo. LIBOR + 2.25%), 3.00%, 02/14/24(c)							262				262,260
Momentive Performance Materials, Inc., Term Loan B, (1 mo. LIBOR + 3.25%), 3.34%, 05/15/24							1,062				1,060,157
NIC Acquisition Corp., Term Loan, (3 mo. LIBOR + 3.75%, 0.75% Floor), 4.50%, 12/29/27							455				454,147

2 SCHEDULES OF INVESTMENTS

Schedule of Investments  (unaudited) (continued) September 30, 2021 BlackRock Floating Rate Income Trust (BGT) (Percentages shown are based on Net Assets)

Security						Par (000)				Value
Chemicals (continued)
Oxea Corp., 2017 USD Term Loan B2, (1 mo. LIBOR + 3.25%), 3.38%, 10/14/24			USD				1,075			$	1,069,104
PQ Corp., 2021 Term Loan B, (3 mo. LIBOR + 2.75%, 0.50% Floor), 3.25%, 06/09/28							1,080				1,080,519
Pregis TopCo Corp., 2021 Incremental Term Loan, (1 mo. LIBOR + 4.00%, 0.50% Floor), 4.50%, 07/31/26(c)							438				437,691
SCIH Salt Holdings, Inc., 2021 Incremental Term Loan B, (3 mo. LIBOR + 4.00%, 0.75% Floor), 4.75%, 03/16/27							659				659,479
Sparta U.S. HoldCo LLC, 2021 Term Loan, (3 mo. LIBOR + 3.50%, 0.75% Floor), 4.25%, 08/02/28							716				716,895
Starfruit Finco BV, 2018 USD Term Loan B, (1 mo. LIBOR + 2.75%), 2.83%, 10/01/25.							106				104,835
WR Grace & Co., 2021 Term Loan B, 4.25%, 09/22/28(h)							334				335,045
											18,574,231
Commercial Services & Supplies — 5.4%
Allied Universal Holdco LLC, 2021 USD Incremental Term Loan B, (3 mo. LIBOR + 3.75%, 0.50% Floor), 4.25%, 05/12/28							1,633				1,634,173
Aramark Services, Inc., 2018 Term Loan B3, (1 mo. LIBOR + 1.75%), 1.83%, 03/11/25							95				93,035
Asurion LLC
2018 Term Loan B6, (1 mo. LIBOR + 3.12%), 3.21%, 11/03/23.							1,259				1,251,232
2018 Term Loan B7, (1 mo. LIBOR + 3.00%), 3.08%, 11/03/24.							700				691,633
2020 Term Loan B8, (1 mo. LIBOR + 3.25%), 3.33%, 12/23/26							489				481,262
2021 2nd Lien Term Loan B3, (1 mo. LIBOR + 5.25%), 5.33%, 01/31/28							689				686,264
2021 2nd Lien Term Loan B4, (1 mo. LIBOR + 5.25%), 5.33%, 01/20/29							984				978,834
Bingo Industries Ltd., Term Loan, 0.00%, 07/08/28(c)(h)							290				289,275
Clean Harbors, Inc., 2021 Incremental Term Loan B, 0.00%, 09/21/28							434				433,818
Creative Artists Agency LLC, 2020 Incremental Term Loan B1, (1 mo. LIBOR + 4.25%, 1.00% Floor), 5.25%, 11/27/26							1,210				1,202,743
Dealer Tire LLC, 2020 Term Loan B, (1 mo. LIBOR + 4.25%), 4.33%, 12/12/25							1,584				1,583,621
Diamond (BC) BV, 2021 Term Loan B, 3.50%, 09/29/28(h)							1,195				1,195,824
EnergySolutions LLC, 2018 Term Loan B, (3 mo. LIBOR + 3.75%, 1.00% Floor), 4.75%, 05/09/25(c)							330				329,250
KAR Auction Services, Inc., 2019 Term Loan B6, (1 mo. LIBOR + 2.25%), 2.38%, 09/19/26(c)							606				590,452
Packers Holdings LLC, 2021 Term Loan, (3 mo. LIBOR + 3.25%, 0.75% Floor), 4.00%, 03/09/28							1,236				1,229,776
Prime Security Services Borrower LLC, 2021 Term Loan, (6 mo. LIBOR + 2.75%, 0.75% Floor), 3.50%, 09/23/26							1,227				1,224,877
Vericast Corp., 2021 Term Loan, (3 mo. LIBOR + 7.75%, 1.00% Floor), 8.75%, 06/16/26							214				200,523
Verscend Holding Corp., 2021 Term Loan B, (1 mo. LIBOR + 4.00%), 4.08%, 08/27/25.							1,943				1,944,580
Viad Corp, Initial Term Loan, (3 mo. LIBOR + 5.00%, 0.50% Floor), 5.50%, 07/30/28(c)							489				486,555
											16,527,727
Construction & Engineering — 2.2%
Brand Industrial Services, Inc., 2017 Term Loan, (3 mo. LIBOR + 4.25%, 1.00% Floor), 5.25%, 06/21/24							2,496				2,472,571

Security						Par (000)				Value
Construction & Engineering (continued)
Pike Corp., 2021 Incremental Term Loan B, (1 mo. LIBOR + 3.00%), 3.09%, 01/21/28.			USD				644			$	643,747
SRS Distribution, Inc., 2021 Term Loan B, (3 mo. LIBOR + 3.75%, 0.50% Floor), 4.25%, 06/02/28							2,432				2,430,979
USIC Holdings, Inc., 2021 Term Loan, (1 mo. LIBOR + 3.50%, 0.75% Floor), 4.25%, 05/12/28							1,094				1,092,246
											6,639,543
Construction Materials — 2.5%
Core & Main LP, 2021 Term Loan B, (1 mo. LIBOR + 2.50%), 2.59%, 07/27/28							4,249				4,227,486
Filtration Group Corp.
2018 1st Lien Term Loan, (1 mo. LIBOR + 3.00%), 3.08%, 03/29/25							1,483				1,474,338
2020 Incremental Term Loan, (1 mo. LIBOR + 3.75%, 0.75% Floor), 4.50%, 03/29/25							744				745,597
Forterra Finance LLC, 2017 Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 10/25/23							698				697,696
Tamko Building Products, Inc., Term Loan B, (2 mo. LIBOR + 3.00%), 3.10%, 06/01/26.							540				536,494
											7,681,611
Containers & Packaging — 2.3%
BWAY Holding Co., 2017 Term Loan B, (1 mo. LIBOR + 3.25%), 3.33%, 04/03/24							1,489				1,457,408
Charter NEX US, Inc., 2021 Term Loan, (1 mo. LIBOR + 3.75%, 0.75% Floor), 4.50%, 12/01/27							2,591				2,595,535
Flex Acquisition Co., Inc., 2021 Term Loan, (3 mo. LIBOR + 3.50%, 0.50% Floor), 4.00%, 02/23/28							1,261				1,258,422
Pregis TopCo Corp., 1st Lien Term Loan, (1 mo. LIBOR + 4.00%), 4.08%, 07/31/26							384				384,161
Tosca Services LLC, 2021 Term Loan, (1 mo. LIBOR + 3.50%, 0.75% Floor), 4.25%, 08/18/27							505				503,919
Trident TPI Holdings, Inc.
2021 Delayed Draw Term Loan, 4.50%, 09/15/28							89				88,971
2021 Incremental Term Loan, 4.50%, 09/15/28							627				627,242
											6,915,658
Distributors — 1.0%
American Builders & Contractors Supply Co., Inc.,
2019 Term Loan, (1 mo. LIBOR + 2.00%), 2.08%, 01/15/27							913				906,111
TMK Hawk Parent Corp.
2020 Super Priority First Out Term Loan A, (1 mo.LIBOR + 9.50%, 1.00% Floor), 10.50%, 05/30/24(c)							586				574,253
2020 Super Priority Second Out Term Loan B, (1 mo. LIBOR + 3.50%, 1.00% Floor), 4.50%, 08/28/24							1,919				1,692,454
											3,172,818
Diversified Consumer Services — 2.9%
Ascend Learning LLC
2017 Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 07/12/24							304				303,506
2020 Incremental Term Loan, (1 mo. LIBOR + 3.75%, 1.00% Floor), 4.75%, 07/12/24							626				625,993
Bright Horizons Family Solutions LLC, 2017 Term Loan B, (1 mo. LIBOR + 1.75%, 0.75% Floor), 2.50%, 11/07/23							1,139				1,134,521
Genuine Financial Holdings LLC, 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.75%), 3.83%, 07/11/25							1,597				1,580,713
Midas Intermediate Holdco II LLC, 2020 Term Loan B, (3 mo. LIBOR + 7.75%, 0.75% Floor), 8.50%, 12/22/25							1,905				1,791,495
Nomad Foods Europe Midco Ltd., 2017 USD Term Loan B4, (3 mo. LIBOR + 2.25%), 2.37%, 05/15/24							693				689,993

SCHEDULES OF INVESTMENTS 3

Schedule of Investments  (unaudited) (continued) September 30, 2021 BlackRock Floating Rate Income Trust (BGT) (Percentages shown are based on Net Assets)

Security						Par (000)				Value
Diversified Consumer Services (continued)
PAI Holdco, Inc., 2020 Term Loan B, (3 mo. LIBOR + 3.50%, 0.75% Floor), 4.25%, 10/28/27			USD				222			$	221,978
Serta Simmons Bedding LLC
2020 Super Priority First Out Term Loan, (1 mo. LIBOR + 7.50%), 8.50%, 08/10/23							290				291,666
2020 Super Priority Second Out Term Loan, (1 mo. LIBOR + 7.50%, 1.00% Floor), 8.50%, 08/10/23							455				432,090
Sotheby’s, 2021 Term Loan B, (3 mo. LIBOR + 4.50%, 0.50% Floor), 5.00%, 01/15/27							1,108				1,111,207
Voyage Australia Pty Ltd., USD Term Loan B, (3 mo. LIBOR + 3.50%, 0.50% Floor), 4.00%, 07/20/28							461				460,424
											8,643,586
Diversified Financial Services — 9.5%
Advisor Group, Inc., 2021 Term Loan, (1 mo. LIBOR + 4.50%), 4.58%, 07/31/26							863				864,316
Alchemy Copyrights LLC, Term Loan B, (1 mo. LIBOR + 3.00%, 0.50% Floor), 3.50%, 03/10/28(c)							525				524,710
AlixPartners LLP, 2021 USD Term Loan B, (1 mo. LIBOR + 2.75%, 0.50% Floor), 3.25%, 02/04/28							1,081				1,077,805
AQGEN Island Holdings, Inc., Term Loan, (3 mo. LIBOR + 3.50%, 0.50% Floor), 4.00%, 08/02/28							1,744				1,738,192
Belron Finance US LLC, 2021 USD Term Loan B, (3 mo. LIBOR + 2.75%, 0.50% Floor), 3.25%, 04/13/28							1,723				1,718,958
Cogeco Financing 2 LP, 2021 Incremental Term Loan B, (1 mo. LIBOR + 2.50%, 0.50% Floor), 3.00%, 09/01/28							1,984				1,970,767
Delta TopCo, Inc.
2020 2nd Lien Term Loan, (3 mo. LIBOR + 7.25%, 0.75% Floor), 8.00%, 12/01/28							412				414,917
2020 Term Loan B, (3 mo. LIBOR + 3.75%, 0.75% Floor), 4.50%, 12/01/27							2,255				2,256,949
EG Finco Ltd., 2018 Term Loan, (3 mo. LIBOR + 4.00%), 4.13%, 02/07/25.							562				560,008
I-Logic Technologies Bidco Ltd., 2021 USD Term Loan B, (1 Week LIBOR + 4.00%, 0.50% Floor), 4.50%, 02/16/28							527				528,183
Kingpin Intermediate Holdings LLC, 2018 Term Loan B, (1 mo. LIBOR + 3.50%, 1.00% Floor), 4.50%, 07/03/24(c)							1,037				1,034,246
KKR Apple Bidco LLC
2021 2nd Lien Term Loan, 0.00%, 07/13/29							153				155,200
2021 Term Loan, 3.50%, 09/22/28(h)							375				374,464
LBM Acquisition LLC
2021 Incremental Delayed Draw Term Loan B2, 4.50%, 12/17/27							410				405,768
2021 Incremental Term Loan B2, (3 mo. LIBOR + 3.75%, 0.75% Floor), 4.50%, 12/17/27							819				810,260
Term Loan B, (3 mo. LIBOR + 3.75%, 0.75% Floor), 4.50%, 12/17/27							717				709,576
LEB Holdings (USA), Inc, Term Loan B, (3 mo. LIBOR + 3.75%, 0.75% Floor), 4.50%, 11/02/27							627				628,409
Milano Acquisition Corp., Term Loan B, (3 mo. LIBOR + 4.00%, 0.75% Floor), 4.75%, 10/01/27							2,996				3,000,151
RV Retailer LLC, Term Loan B, (3 mo. LIBOR + 4.00%, 0.75% Floor), 4.75%, 02/08/28							575				573,672
SMG US Midco 2, Inc., 2020 Term Loan, (1 mo. LIBOR + 2.50%), 2.63%, 01/23/25							951				933,562
SSH Group Holdings, Inc., 2018 1st Lien Term Loan, (3 mo. LIBOR + 4.25%), 4.38%, 07/30/25							1,428				1,386,430

Security						Par (000)				Value
Diversified Financial Services (continued)
Veritas US, Inc., 2021 USD Term Loan B, (3 mo. LIBOR + 5.00%, 1.00% Floor), 6.00%, 09/01/25			USD				4,457			$	4,472,503
VS Buyer LLC, Term Loan B, (1 mo. LIBOR + 3.00%), 3.08%, 02/28/27(c)							917				916,091
White Cap Buyer LLC, Term Loan B, (1 mo. LIBOR + 4.00%, 0.50% Floor), 4.50%, 10/19/27							764				765,960
Ziggo Financing Partnership, USD Term Loan I, (1 mo. LIBOR + 2.50%), 2.58%, 04/30/28							1,003				994,645
											28,815,742
Diversified Telecommunication Services — 3.4%
Cablevision Lightpath LLC, Term Loan B, (1 mo. LIBOR + 3.25%), 3.75%, 11/30/27.							353				353,595
ConnectWise LLC, 2021 Term Loan B, 4.00%, 09/29/28							631				629,423
Consolidated Communications, Inc., 2021 Term Loan B, (1 mo. LIBOR + 3.50%, 0.75% Floor), 4.25%, 10/02/27							497				497,181
Frontier Communications Corp., 2021 DIP Term Loan B, (3 mo. LIBOR + 3.75%, 0.75% Floor), 4.50%, 05/01/28							1,235				1,232,205
GCI LLC, 2020 Term Loan B, (1 mo. LIBOR + 2.75%, 0.75% Floor), 3.50%, 10/15/25							760				758,833
Intelsat Jackson Holdings SA
2017 Term Loan B3, (PRIME + 4.75%), 8.00%, 11/27/23.							245				247,712
2021 DIP Term Loan, (3 mo. LIBOR + 4.75%, 1.00% Floor), 3.60%, 10/13/22							97				97,243
Iridium Satellite LLC, 2021 Term Loan B2, (1 mo. LIBOR + 2.50%, 0.75% Floor), 3.25%, 11/04/26							1,201				1,201,628
Level 3 Financing, Inc., 2019 Term Loan B, (1 mo. LIBOR + 1.75%), 1.83%, 03/01/27.							1,183				1,167,844
Meridian Adhesives Group, Inc., Term Loan B, (3 mo. LIBOR + 4.00%, 0.75% Floor), 4.75%, 07/24/28							925				922,688
MTN Infrastructure TopCo, Inc., 1st Lien Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 11/15/24							1,410				1,405,778
TDC A/S, EUR Term Loan, (EURIBOR + 3.00%), 3.00%, 06/04/25			EUR				819				939,558
Virgin Media SFA Finance Ltd., GBP Term Loan L, (LIBOR - GBP + 3.25%), 3.30%, 01/15/27			GBP				600				796,588
											10,250,276
Electric Utilities — 1.2%
ExGen Renewables IV LLC, 2020 Term Loan, (3 mo. LIBOR + 2.50%, 1.00% Floor), 3.50%, 12/15/27			USD				818				817,142
Triton Water Holdings, Inc, Term Loan, (3 mo. LIBOR + 3.50%, 0.50% Floor), 4.00%, 03/31/28							2,793				2,787,777
											3,604,919
Electrical Equipment — 0.7%
Arcline FM Holdings LLC, 2021 1st Lien Term Loan, (3 mo. LIBOR + 4.75%, 0.75% Floor), 5.50%, 06/23/28(c)							536				536,000
Gates Global LLC, 2021 Term Loan B3, (1 mo. LIBOR + 2.50%, 0.75% Floor), 3.25%, 03/31/27							1,511				1,507,391
											2,043,391
Energy Equipment & Services — 0.3%
Dell International LLC, 2021 Term Loan B, (1 mo. LIBOR + 1.75%), 2.00%, 09/19/25							357				356,439
New Arclin U.S. Holding Corp., 2021 2nd Lien Term Loan, 0.00%, 09/30/29.							572				567,710
											924,149

4 SCHEDULE OF INVESTMENTS

Schedule of Investments  (unaudited) (continued) September 30, 2021 BlackRock Floating Rate Income Trust (BGT) (Percentages shown are based on Net Assets)

Security						Par (000)				Value
Entertainment — 0.4%
MSG National Properties LLC, Term Loan, (3 mo. LIBOR + 6.25%, 0.75% Floor), 7.00%, 11/12/25(c)			USD				1,214			$	1,241,139
Environmental, Maintenance, & Security Service — 0.7%
Asplundh Tree Expert LLC, 2021 Term Loan B, (1 mo. LIBOR + 1.75%), 1.83%, 09/07/27							1,226				1,220,852
TruGreen Limited Partnership, 2020 Term Loan, (1 mo. LIBOR + 4.00%, 0.75% Floor), 4.75%, 11/02/27							756				755,686
											1,976,538
Equity Real Estate Investment Trusts (REITs) — 0.1%
RHP Hotel Properties LP, 2017 Term Loan B, (1 mo. LIBOR + 2.00%), 2.08%, 05/11/24							445				440,019
Food & Staples Retailing — 0.8%
H Food Holdings LLC, 2018 Incremental Term Loan B2, (1 mo. LIBOR + 4.00%), 4.08%, 05/23/25							457				456,699
Hearthside Food Solutions LLC, 2020 Incremental Term Loan B3, (1 mo. LIBOR + 5.00%, 1.00% Floor), 6.00%, 05/23/25							102				101,642
US Foods, Inc.
2016 Term Loan B, (1 mo. LIBOR + 1.75%), 1.83%, 06/27/23							1,374				1,365,665
2019 Term Loan B, (1 mo. LIBOR + 2.00%), 2.08%, 09/13/26							398				392,590
											2,316,596
Food Products — 2.5%
8th Avenue Food & Provisions, Inc.
2018 1st Lien Term Loan, (1 mo. LIBOR + 3.75%), 3.84%, 10/01/25							670				660,932
2021 Incremental Term Loan, (1 mo. LIBOR + 4.75%, 0.75% Floor), 5.50%, 10/01/25(c)							951				944,111
B&G Foods, Inc., 2019 Term Loan B4, (1 mo. LIBOR + 2.50%), 2.58%, 10/10/26							262				261,962
Chobani LLC, 2020 Term Loan B, (1 mo. LIBOR + 3.50%, 1.00% Floor), 4.50%, 10/20/27							1,907				1,909,467
Froneri International Ltd., 2020 USD Term Loan, (1 mo. LIBOR + 2.25%), 2.33%, 01/29/27							2,207				2,179,395
Reynolds Group Holdings, Inc., 2020 Term Loan B2, (1 mo. LIBOR + 3.25%), 3.33%, 02/05/26							250				248,170
Sovos Brands Intermediate, Inc., 2021 Term Loan, (3 mo. LIBOR + 3.75%, 0.75% Floor), 4.50%, 06/08/28							1,016				1,015,506
UTZ Quality Foods LLC, 2021 Term Loan B, (1 mo. LIBOR + 3.00%), 3.08%, 01/20/28							427				426,121
											7,645,664
Health Care Equipment & Supplies — 0.5%
Insulet Corp., Term Loan B, (1 mo. LIBOR + 3.25%, 0.50% Floor), 3.75%, 05/04/28							478				478,601
Ortho-Clinical Diagnostics SA, 2018 Term Loan B, (1 mo. LIBOR + 3.00%), 3.08%, 06/30/25							1,154				1,152,842
											1,631,443
Health Care Providers & Services — 3.4%
CCRR Parent, Inc, Term Loan B, (3 mo. LIBOR + 3.75%, 0.75% Floor), 4.50%, 03/06/28(c)							826				827,915
CHG Healthcare Services, Inc., 2021 Term Loan, 4.00%, 09/29/28(h)							639				639,684
Da Vinci Purchaser Corp., 2019 Term Loan, (1 mo. LIBOR + 4.00%, 1.00% Floor), 5.00%, 01/08/27							741				743,673

Security						Par (000)				Value
Health Care Providers & Services (continued)
Envision Healthcare Corp., 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.75%), 3.83%, 10/10/25			USD				1,194			$	1,060,112
EyeCare Partners LLC
2020 2nd Lien Term Loan, (3 mo. LIBOR + 8.25%), 8.38%, 02/18/28(c)							780				776,100
2020 Term Loan, (3 mo. LIBOR + 3.75%), 3.88%, 02/18/27							1,048				1,040,714
Femur Buyer, Inc., 1st Lien Term Loan, (3 mo. LIBOR + 4.50%), 4.63%, 03/05/26							652				612,143
HC Group Holdings II, Inc., Term Loan B, (1 mo. LIBOR + 3.75%), 3.83%, 08/06/26							2,636				2,634,273
Orbcomm, Inc., Term Loan B, (3 mo. LIBOR + 4.25%, 0.75% Floor), 5.00%, 09/01/28							454				453,242
PetVet Care Centers LLC, 2021 Term Loan B3, (1 mo. LIBOR + 3.50%, 0.75% Floor), 4.25%, 02/14/25							33				32,739
Sotera Health Holdings LLC, 2021 Term Loan, (1 mo. LIBOR + 2.75%, 0.50% Floor), 3.25%, 12/11/26							1,564				1,558,792
											10,379,387
Health Care Services — 1.3%
Azalea Topco, Inc., Term Loan, (1 mo. LIBOR + 3.50%), 3.63%, 07/24/26							1,282				1,273,653
Medical Solutions LLC, 2021 2nd Lien Term Loan, 7.00%, 10/01/29							441				436,590
Unified Physician Management LLC, 2020 Term Loan, (1 mo. LIBOR + 4.25%, 0.75% Floor), 5.00%, 12/16/27							1,154				1,154,369
WP CityMD Bidco LLC, 2021 Term Loan B, (6 mo. LIBOR + 3.75%, 0.75% Floor), 4.50%, 08/13/26							1,095				1,097,925
											3,962,537
Health Care Technology — 3.0%
Athenahealth, Inc., 2021 Term Loan B1, (3 mo. LIBOR + 4.25%), 4.38%, 02/11/26							226				226,317
Change Healthcare Holdings, Inc., 2017 Term Loan B, (3 mo. LIBOR + 2.50%, 1.00% Floor), 3.50%, 03/01/24							873				871,974
GoodRx, Inc., 1st Lien Term Loan, (1 mo. LIBOR + 2.75%), 2.83%, 10/10/25							1,359				1,356,629
Polaris Newco LLC, USD Term Loan B, (6 mo. LIBOR + 4.00%, 0.50% Floor), 4.50%, 06/02/28							3,314				3,319,761
Press Ganey Holdings, Inc., 2021 Term Loan B, (3 mo. LIBOR + 3.75%, 0.75% Floor), 4.50%, 07/24/26							1,046				1,047,799
Quintiles IMS, Inc., 2017 USD Term Loan B1, (1 mo. LIBOR + 1.75%), 1.83%, 03/07/24							292				291,354
Verscend Holdings Corp., 2nd Lien Term Loan, (1 mo. LIBOR + 7.00%), 7.50%, 02/01/29(c)							1,902				1,911,510
											9,025,344
Hotels, Restaurants & Leisure — 8.0%
1011778 B.C. Unlimited Liability Co., Term Loan B4, (1 mo. LIBOR + 1.75%), 1.84%, 11/19/26.							1,011				997,835
Aimbridge Acquisition Co., Inc., 2019 Term Loan B, (1 mo. LIBOR + 3.75%), 3.83%, 02/02/26							264				259,763
Aristocrat Leisure Ltd., 2020 Incremental Term Loan B, (3 mo. LIBOR + 3.75%, 1.00% Floor), 4.75%, 10/19/24							613				616,114
Boyd Gaming Corp., Term Loan B3, (1 Week LIBOR + 2.25%), 2.32%, 09/15/23							697				695,626
Caesars Resort Collection LLC
2017 1st Lien Term Loan B, (1 mo. LIBOR + 2.75%), 2.83%, 12/23/24							1,262				1,254,091
2020 Term Loan B1, (3 mo. LIBOR + 3.50%), 3.58%, 07/21/25							2,228				2,228,930

SCHEDULE OF INVESTMENTS 5

Schedule of Investments  (unaudited) (continued) September 30, 2021 BlackRock Floating Rate Income Trust (BGT) (Percentages shown are based on Net Assets)

Security						Par (000)				Value
Hotels, Restaurants & Leisure (continued)
CCM Merger, Inc., 2020 Term Loan B, (3 mo. LIBOR + 3.75%, 0.75% Floor), 4.50%, 11/04/25			USD				383			$	383,396
Churchill Downs, Inc., 2021 Incremental Term Loan B1, (1 mo. LIBOR + 2.00%), 2.09%, 03/10/28(c)							483				477,749
ECL Entertainment LLC, Term Loan, (1 mo. LIBOR + 7.50%, 0.75% Floor), 8.50%, 03/31/28(c)							572				584,428
Equinox Holdings, Inc., 2017 1st Lien Term Loan, (3 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 03/08/24							2,762				2,552,861
Four Seasons Hotels Ltd., New 1st Lien Term Loan, (1 mo. LIBOR + 2.00%), 2.09%, 11/30/23							829				826,332
Gateway Casinos & Entertainment Ltd., 2018 Term Loan B, (3.00% PIK), 3.00%, 12/01/23(e)(h)							97				94,922
Golden Nugget LLC, 2017 Incremental Term Loan B, (2 mo. LIBOR + 2.50%, 0.75% Floor), 3.25%, 10/04/23							1,044				1,038,380
Golden Nugget, Inc., 2020 Initial Term Loan, (3 mo. LIBOR + 12.00%, 1.00% Floor), 13.00%, 10/04/23(c)							110				118,459
IRB Holding Corp.
2020 Fourth Amendment Incremental Term Loan, (3 mo. LIBOR + 3.25%, 1.00% Floor), 4.25%, 12/15/27							2,264				2,267,139
2020 Term Loan B, (6 mo. LIBOR + 2.75%, 1.00% Floor), 3.75%, 02/05/25							982				980,152
Playa Resorts Holding BV, 2017 Term Loan B, (1 mo. LIBOR + 2.75%, 1.00% Floor), 3.75%, 04/29/24							358				349,756
Playtika Holding Corp., 2021 Term Loan, (1 mo. LIBOR + 2.75%), 2.83%, 03/13/28							1,220				1,218,894
Scientific Games International, Inc., 2018 Term Loan B5, (1 mo. LIBOR + 2.75%), 2.83%, 08/14/24							793				789,356
Stars Group Holdings BV, 2018 USD Incremental Term Loan, (3 mo. LIBOR + 2.25%), 3.63%, 07/21/26							694				691,270
Station Casinos LLC, 2020 Term Loan B, (1 mo. LIBOR + 2.25%), 2.50%, 02/08/27							1,276				1,260,064
Travelport Finance (Luxembourg) Sarl
2020 Super Priority Term Loan, (6.50% PIK), 3.50%, 02/28/25(e)							828				857,891
2021 Consented Term Loan, (3 mo. LIBOR + 6.75%), 7.75%, 05/29/26							1,373				1,176,528
Twin River Worldwide Holdings, Inc., 2021 Term Loan B, 3.75%, 08/06/28(h)							835				834,424
Whatabrands LLC, 2021 Term Loan B, (1 mo. LIBOR + 3.25%, 0.50% Floor), 3.75%, 08/03/28							1,409				1,406,915
Wyndham Hotels & Resorts, Inc., Term Loan B, (1 mo. LIBOR + 1.75%), 1.83%, 05/30/25							340				337,784
											24,299,059
Household Durables — 1.4%
ACProducts Holdings, Inc., 2021 Term Loan B, (3 mo. LIBOR + 4.25%, 0.50% Floor), 4.75%, 05/17/28							2,153				2,147,611
Reynolds Consumer Products LLC, Term Loan, (1 mo. LIBOR + 1.75%), 1.83%, 02/04/27							938				935,203
Springs Windows Fashions LLC, 2021 Term Loan B, 5.00%, 10/06/28(h)							512				507,843
Weber-Stephen Products LLC, Term Loan B, (1 mo. LIBOR + 3.25%, 0.75% Floor), 4.00%, 10/30/27							603				604,390
											4,195,047
Household Products — 0.1%
Spectrum Brands, Inc., 2021 Term Loan, (3 mo. LIBOR + 2.00%, 0.50% Floor), 2.50%, 03/03/28							333				332,352
Independent Power and Renewable Electricity Producers — 0.5%
Calpine Construction Finance Co. LP, 2017 Term Loan B, (1 mo. LIBOR + 2.00%), 2.08%, 01/15/25							314				310,287

Security						Par (000)				Value
Independent Power and Renewable Electricity Producers (continued)
Calpine Corp.
2019 Term Loan B10, (1 mo. LIBOR + 2.00%), 2.08%, 08/12/26			USD				472			$	466,134
Term Loan B9, (1 mo. LIBOR + 2.00%), 2.09%, 04/05/26							878				867,536
											1,643,957
Industrial Conglomerates — 2.7%
AVSC Holding Corp. (e)
2020 Term Loan B1, (0.25% PIK), 4.50%, 03/03/25							1,822				1,620,306
2020 Term Loan B3, (10.00% PIK), 10.00%, 10/15/26							733				881,398
Medline Industries, Inc., USD Term Loan B, 4.25%, 09/20/28(h)							1,357				1,354,028
Sequa Mezzanine Holdings LLC, 2020 Extended Term Loan, (3 mo. LIBOR + 6.75%, 1.00% Floor), 7.75%, 11/28/23							810				821,045
Stitch Aquisition Corp., Term Loan B, (3 mo. LIBOR + 6.75%, 0.75% Floor), 7.50%, 07/28/28							678				634,493
Vertical US Newco, Inc., Term Loan B, (3 mo. LIBOR + 3.50%, 0.50% Floor), 4.00%, 07/29/27							1,179				1,180,773
Vertiv Group Corp., 2021 Term Loan B, (1 mo. LIBOR + 2.75%), 2.83%, 03/02/27							1,828				1,815,953
											8,307,996
Insurance — 3.8%
Alliant Holdings Intermediate LLC
2018 Term Loan B, (1 mo. LIBOR + 3.25%), 3.33%, 05/09/25							1,793				1,779,661
2020 Term Loan B3, (1 mo. LIBOR + 3.75%, 0.50% Floor), 4.25%, 11/05/27							924				923,976
Term Loan B, (1 mo. LIBOR + 3.25%), 3.33%, 05/09/25							633				628,078
AmWINS Group, Inc., 2021 Term Loan B, (1 mo. LIBOR + 2.25%, 0.75% Floor), 3.00%, 02/19/28							2,100				2,086,668
AssuredPartners, Inc.
2020 Term Loan B, (1 mo. LIBOR + 3.50%), 3.58%, 02/12/27							632				627,567
2021 Term Loan B, (1 mo. LIBOR + 3.50%, 0.50% Floor), 4.00%, 02/12/27							610				609,103
HUB International Ltd.
2018 Term Loan B, (3 mo. LIBOR + 2.75%), 2.88%, 04/25/25							1,779				1,760,563
2021 Term Loan B, (3 mo. LIBOR + 3.25%, 0.75% Floor), 4.00%, 04/25/25							541				541,340
NFP Corp., 2020 Term Loan, 0.00%, 02/15/27(h)							116				114,425
Ryan Specialty Group LLC, Term Loan, (1 mo. LIBOR + 3.00%), 3.75%, 09/01/27							710				709,647
Sedgwick Claims Management Services, Inc.
2018 Term Loan B, (1 mo. LIBOR + 3.25%), 3.33%, 12/31/25							491				486,666
2019 Term Loan B, (1 mo. LIBOR + 3.75%), 3.83%, 09/03/26							630				628,011
2020 Term Loan B3, (1 mo. LIBOR + 4.25%, 1.00% Floor), 5.25%, 09/03/26							514				514,874
											11,410,579
Interactive Media & Services — 2.9%
Adevinta ASA, USD Term Loan B, (3 mo. LIBOR + 3.00%, 0.75% Floor), 3.75%, 06/26/28							1,541				1,541,424
Arches Buyer, Inc., 2021 Term Loan B, (1 mo. LIBOR + 3.25%, 0.50% Floor), 3.75%, 12/06/27							1,471				1,462,619
Camelot Finance SA, 2020 Incremental Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 10/30/26							1,759				1,762,561

6

Schedule of Investments  (unaudited) (continued) September 30, 2021 BlackRock Floating Rate Income Trust (BGT) (Percentages shown are based on Net Assets)

Security						Par (000)				Value
Interactive Media & Services (continued)
Go Daddy Operating Co. LLC, 2021 Term Loan B4, (1 mo. LIBOR + 2.00%), 2.08%, 08/10/27			USD				457			$	452,680
Grab Holdings, Inc., Term Loan B, (6 mo. LIBOR + 4.50%, 1.00% Floor), 5.50%, 01/29/26							3,561				3,591,076
											8,810,360
Internet & Direct Marketing Retail — 0.6%
CNT Holdings I Corp., 2020 Term Loan, (3 mo. LIBOR + 3.75%, 0.75% Floor), 4.50%, 11/08/27							1,680				1,680,618
PUG LLC, 2021 Incremental Term Loan B, (1 mo. LIBOR + 4.25%, 0.50% Floor), 4.75%, 02/12/27(c)							230				229,713
											1,910,331
Internet Software & Services — 0.4%
Uber Technologies, Inc., 2021 Term Loan B, (1 mo. LIBOR + 3.50%), 3.58%, 02/25/27							1,307				1,306,088
IT Services — 7.0%
Aruba Investments, Inc.
2020 2nd Lien Term Loan, (3 mo. LIBOR + 7.75%, 0.75% Floor), 8.50%, 11/24/28							885				887,212
2020 USD Term Loan, (3 mo. LIBOR + 4.00%, 0.75% Floor), 4.75%, 11/24/27							476				477,201
Banff Merger Sub, Inc., 2021 USD Term Loan, (3 mo. LIBOR + 3.75%), 3.88%, 10/02/25							1,270				1,262,329
Camelot Finance SA, Term Loan B, (1 mo. LIBOR + 3.00%), 3.08%, 10/30/26							1,528				1,523,662
CCC Intelligent Solutions Inc., Term Loan B, (3 mo. LIBOR + 2.50%, 0.50% Floor), 3.00%, 09/21/28							1,048				1,046,690
Celestial -Saturn Parent, Inc., 2nd Lien Term Loan, (1 mo. LIBOR + 6.50%, 0.50% Floor), 7.00%, 06/04/29(c)							783				798,660
CoreLogic, Inc., Term Loan, (1 mo. LIBOR + 3.50%, 0.50% Floor), 4.00%, 06/02/28							2,284				2,281,145
Fleetcor Technologies Operating Company LLC, 2021 Term Loan B4, (1 mo. LIBOR + 1.75%), 1.83%, 04/28/28							304				303,261
Greeneden US Holdings II LLC, 2020 USD Term Loan B, (1 mo. LIBOR + 4.00%, 0.75% Floor), 4.75%, 12/01/27							3,106				3,115,150
GreenSky Holdings LLC, 2020 Term Loan B2, (1 mo. LIBOR + 4.50%, 1.00% Floor), 5.50%, 03/29/25(c)							959				954,513
Optiv Security, Inc., 1st Lien Term Loan, (3 mo. LIBOR + 3.25%, 1.00% Floor), 4.25%, 02/01/24							623				613,726
Peak 10 Holding Corp., 2nd Lien Term Loan, (3 mo. LIBOR + 7.25%), 7.33%, 08/01/25.							605				554,833
PUG LLC, USD Term Loan, (1 mo. LIBOR + 3.50%), 3.58%, 02/12/27							1,576				1,539,762
Sophia LP, 2020 2nd Lien Term Loan, (3 mo. LIBOR + 8.00%, 1.00% Floor), 9.00%, 10/09/28							2,590				2,669,332
Trans Union LLC, 2019 Term Loan B5, (1 mo. LIBOR + 1.75%), 1.83%, 11/16/26							1,160				1,152,295
Virtusa Corp.
1st Lien Term Loan B, 7.13%, 12/15/28							650				649,735
Term Loan B, (1 mo. LIBOR + 4.00%), 5.00%, 02/11/28							650				650,385
WEX, Inc., 2021 Term Loan, (1 mo. LIBOR + 2.25%), 2.33%, 03/31/28							608				605,075
ZoomInfo LLC, 2021 Term Loan B, (1 mo. LIBOR + 3.00%), 3.08%, 02/02/26							135				135,000
											21,219,966

Security						Par (000)				Value
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			USD				618			$	595,738
Life Sciences Tools & Services — 3.8%
Avantor Funding, Inc., 2021 Term Loan B4, (1 mo. LIBOR + 2.00%), 2.50%, 11/21/24							461				459,886
Avantor, Inc., 2021 Term Loan B5, (1 mo. LIBOR + 2.25%, 0.50% Floor), 2.75%, 11/08/27							1,276				1,277,185
eResearchTechnology, Inc., 2020 1st Lien Term Loan, (1 mo. LIBOR + 4.50%, 1.00% Floor), 5.50%, 02/04/27							2,735				2,747,482
ICON Luxembourg Sarl
LUX Term Loan, (3 mo. LIBOR + 2.50%, 0.50% Floor), 3.00%, 07/03/28							1,824				1,829,834
US Term Loan, (3 mo. LIBOR + 2.50%, 0.50% Floor), 3.00%, 07/03/28							454				455,906
Maravai Intermediate Holdings LLC, 2020 Term Loan B, (1 mo. LIBOR + 3.75%, 1.00% Floor), 4.75%, 10/19/27							763				764,511
Parexel International Corp., 2021 1st Lien Term Loan, 4.00%, 08/11/28							1,357				1,357,217
PPD, Inc., Initial Term Loan, (1 mo. LIBOR + 2.00%, 0.50% Floor), 2.50%, 01/13/28							2,731				2,725,594
											11,617,615
Machinery — 2.8%
Clark Equipment Co., 2021 Incremental Term Loan, (3 mo. LIBOR + 2.25%), 2.38%, 05/18/24							841				839,203
Columbus McKinnon Corp., 2021 Term Loan B, (3 mo. LIBOR + 2.75%), 3.25%, 05/14/28(c)							262				261,396
Ingersoll-Rand Services Co., 2020 USD Spinco Term Loan, (1 mo. LIBOR + 1.75%), 1.83%, 03/01/27							1,396				1,375,967
Madison IAQ LLC, Term Loan, (3 mo. LIBOR + 3.25%, 0.50% Floor), 3.75%, 06/21/28							2,556				2,552,323
Rexnord LLC, 2021 Term Loan B, 0.00%, 10/04/28							78				77,980
Titan Acquisition Ltd., 2018 Term Loan B, (3 mo. LIBOR + 3.00%), 3.17%, 03/28/25							3,414				3,349,381
											8,456,250
Media — 12.8%
Altice Financing SA
2017 USD Term Loan B, (1 mo. LIBOR + 2.75%), 2.88%, 07/15/25							697				685,153
USD 2017 1st Lien Term Loan, (3 mo. LIBOR + 2.75%), 2.90%, 01/31/26							963				945,220
Altice France SA, 2018 Term Loan B13, (3 mo. LIBOR + 4.00%), 4.12%, 08/14/26							2,158				2,148,782
Cable One, Inc., 2021 Term Loan B4, (1 mo. LIBOR + 2.00%), 2.08%, 05/03/28							305				303,040
Charter Communications Operating LLC, 2019 Term Loan B1, (1 mo. LIBOR + 1.75%), 1.84%, 04/30/25							1,625				1,622,549
City Football Group Ltd., Term Loan, (3 mo. LIBOR + 3.50%, 0.50% Floor), 4.00%, 07/21/28(c)							986				981,070
Clear Channel Outdoor Holdings, Inc., Term Loan B, (3 mo. LIBOR + 3.50%), 3.63%, 08/21/26							3,669				3,589,977
Connect Finco Sarl, 2021 Term Loan B, (1 mo. LIBOR + 3.50%, 1.00% Floor), 4.50%, 12/11/26							4,288				4,285,942
CSC Holdings LLC 2017 Term Loan B1, (1 mo. LIBOR + 2.25%), 2.33%, 07/17/25							1,323				1,302,595
2019 Term Loan B5, (1 mo. LIBOR + 2.50%), 2.58%, 04/15/27							1,304				1,287,006

SCHEDULE OF INVESTMENTS 7

Schedule of Investments  (unaudited) (continued) September 30, 2021 BlackRock Floating Rate Income Trust (BGT) (Percentages shown are based on Net Assets)

Security						Par (000)				Value
Media (continued)
E.W. Scripps Co., 2020 Term Loan B3, (1 mo. LIBOR + 3.00%, 0.75% Floor), 3.75%, 01/07/28			USD				551			$	551,628
Learfield Communications LLC, 2016 1st Lien Term Loan, (1 mo. LIBOR + 3.25%, 1.00% Floor), 4.25%, 12/01/23							1,596				1,529,769
Lions Gate Capital Holdings LLC, 2018 Term Loan B, (1 mo. LIBOR + 2.25%), 2.33%, 03/24/25							828				820,538
Live Nation Entertainment, Inc., Term Loan B4, (1 mo. LIBOR + 1.75%), 1.88%, 10/17/26							1,575				1,534,019
MH Sub I LLC
2017 1st Lien Term Loan, (1 mo. LIBOR + 3.50%), 3.58%, 09/13/24							1,913				1,906,661
2020 Incremental Term Loan, (1 mo. LIBOR + 3.75%, 1.00% Floor), 4.75%, 09/13/24							1,398				1,401,227
2021 2nd Lien Term Loan, (1 mo. LIBOR + 6.25%), 6.34%, 02/12/29							764				774,742
Nexstar Broadcasting, Inc., 2019 Term Loan B4, (1 mo. LIBOR + 2.50%), 2.59%, 09/18/26							828				826,994
Radiate Holdco LLC, 2020 Term Loan, (1 mo. LIBOR + 3.50%, 0.75% Floor), 4.25%, 09/25/26							1,496				1,493,845
Sinclair Television Group Inc., 2021 Term Loan B3, (1 mo. LIBOR + 3.00%), 3.09%, 04/01/28							516				510,473
Terrier Media Buyer, Inc., 2021 Term Loan, (1 mo. LIBOR + 3.50%), 3.58%, 12/17/26							—	(i)			145
Trader Corp., 2017 Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.00%, 09/28/23(c)							2,539				2,532,224
Trader Interactive LLC, 2021 Term Loan B, (3 mo. LIBOR + 4.00%, 0.50% Floor), 4.50%, 07/28/28(c)							367				366,083
UPC Financing Partnership, 2021 USD Term Loan AX, (1 mo. LIBOR + 3.00%), 3.08%, 01/31/29							356				354,740
Virgin Media Bristol LLC
2020 USD Term Loan Q, (1 mo. LIBOR + 3.25%), 3.33%, 01/31/29							913				912,744
USD Term Loan N, (1 mo. LIBOR + 2.50%), 2.58%, 01/31/28							609				604,795
William Morris Endeavor Entertainment LLC, 2018 1st Lien Term Loan, (1 mo. LIBOR + 2.75%), 2.84%, 05/18/25							1,824				1,785,594
WMG Acquisition Corp., 2021 Term Loan G, (1 mo. LIBOR + 2.12%), 2.21%, 01/20/28.							412				409,184
Zayo Group Holdings, Inc., USD Term Loan, (1 mo. LIBOR + 3.00%), 3.08%, 03/09/27.							3,371				3,339,758
											38,806,497
Metals & Mining — 0.4%
Ball Metalpack LLC, 2018 1st Lien Term Loan B, (3 mo. LIBOR + 4.50%), 4.62%, 07/31/25							1,090				1,087,765
Oil, Gas & Consumable Fuels — 0.6%
Edgewater Generation LLC, Term Loan, (1 mo. LIBOR + 3.75%), 3.83%, 12/13/25							879				836,836
EG Group Ltd., 2018 USD Term Loan B, (3 mo. LIBOR + 4.00%), 4.13%, 02/07/25							478				475,807
Lealand Finance Company BV, 2020 Take Back Term Loan, (3.00% PIK), 3.00%, 06/30/25(e)							179				79,692

Security						Par (000)				Value
Oil, Gas & Consumable Fuels (continued)
McDermott Technology Americas, Inc., 2020 Make Whole Term Loan, (1 mo. LIBOR + 3.00%), 3.08%, 06/30/24(c) .			USD				25			$	13,705
Murphy USA, Inc., Term Loan B, (1 mo. LIBOR + 1.75%, 0.50% Floor), 2.25%, 01/31/28							399				399,000
											1,805,040
Personal Products — 1.6%
Prestige Brands, Inc., 2021 Term Loan B5, (1 mo. LIBOR + 2.00%, 0.50% Floor), 2.50%, 07/03/28							314				313,460
Sunshine Luxembourg VII Sarl, 2021 Term Loan B3, (3 mo. LIBOR + 3.75%, 0.75% Floor), 4.50%, 10/01/26							4,495				4,506,292
											4,819,752
Pharmaceuticals — 3.1%
Amneal Pharmaceuticals LLC, 2018 Term Loan B, (1 mo. LIBOR + 3.50%), 3.63%, 05/04/25							1,204				1,186,294
Catalent Pharma Solutions, Inc., 2021 Term Loan B3, (1 mo. LIBOR + 2.00%, 0.50% Floor), 2.50%, 02/22/28							1,312				1,311,927
Elanco Animal Health, Inc., Term Loan B, (1 mo. LIBOR + 1.75%), 1.84%, 08/01/27							766				756,036
Grifols Worldwide Operations USA, Inc., USD 2019 Term Loan B, (1 Week LIBOR + 2.00%), 2.07%, 11/15/27							1,042				1,024,491
Jazz Financing Lux Sarl, USD Term Loan, (1 mo. LIBOR + 3.50%, 0.50% Floor), 4.00%, 05/05/28							1,405				1,407,066
Organon Finance 1 LLC, USD Term Loan, (3 mo. LIBOR + 3.00%, 0.50% Floor), 3.50%, 06/02/28							1,019				1,021,086
Precision Medicine Group LLC, 2021 Term Loan, (3 mo. LIBOR + 3.00%, 0.75% Floor), 3.75%, 11/18/27							810				809,185
Valeant Pharmaceuticals International, Inc., 2018 Term Loan B, (1 mo. LIBOR + 3.00%), 3.08%, 06/02/25							1,998				1,994,528
											9,510,613
Professional Services — 1.0%
Dun & Bradstreet Corp., Term Loan, (1 mo. LIBOR + 3.25%), 3.34%, 02/06/26							3,049				3,044,792
Real Estate Management & Development — 0.3%
Cushman & Wakefield U.S. Borrower LLC, 2020 Term Loan B, (1 mo. LIBOR + 2.75%), 2.83%, 08/21/25							900				890,857
Road & Rail — 0.3%
Moda Ingleside Energy Center LLC, 2018 Term Loan B, (1 mo. LIBOR + 3.25%), 3.33%, 09/29/25							154				153,158
SIRVA Worldwide, Inc., 2018 1st Lien Term Loan, (3 mo. LIBOR + 5.50%), 5.58%, 08/04/25							751				706,589
											859,747
Semiconductors & Semiconductor Equipment — 0.1%
ON Semiconductor Corp., 2019 Term Loan B, (1 mo. LIBOR + 2.00%), 2.08%, 09/19/26							299				298,883
Software — 18.5%
2U, Inc., Term Loan, (3 mo. LIBOR + 5.75%), 6.50%, 11/30/24							891				901,902
Applied Systems, Inc.
2017 1st Lien Term Loan, (3 mo. LIBOR + 3.25%, 0.50% Floor), 3.75%, 09/19/24							306				305,599
2021 2nd Lien Term Loan, (3 mo. LIBOR + 5.50%, 0.75% Floor), 6.25%, 09/19/25							439				444,250

8

Schedule of Investments  (unaudited) (continued) September 30, 2021 BlackRock Floating Rate Income Trust (BGT) (Percentages shown are based on Net Assets)

Security						Par (000)				Value
Software (continued)
Barracuda Networks, Inc.
1st Lien Term Loan, (3 mo. LIBOR + 3.75%, 0.75% Floor), 4.50%, 02/12/25			USD				1,288			$	1,291,005
2020 2nd Lien Term Loan, (3 mo. LIBOR + 6.75%, 0.75% Floor), 7.50%, 10/30/28							535				540,853
Cloudera, Inc.
2021 2nd Lien Term Loan, 6.50%, 08/10/29(c)							916				911,420
2021 Term Loan, 4.25%, 08/10/28(h)							2,552				2,547,228
Term Loan B, (1 mo. LIBOR + 2.50%, 0.75% Floor), 3.25%, 12/22/27							603				602,216
Cornerstone OnDemand, Inc.
2021 Term Loan, 3.34%, 09/21/28(h)							742				740,145
2021 Term Loan B, (1 mo. LIBOR + 3.25%), 3.33%, 04/22/27							394				393,493
Digicel International Finance Ltd., 2017 Term Loan B, (6 mo. LIBOR + 3.25%), 3.43%, 05/28/24							868				836,734
DTI Holdco, Inc., 2018 Term Loan B, (3 mo. LIBOR + 4.75%, 1.00% Floor), 5.75%, 09/30/23							313				308,592
E2open LLC, 2020 Term Loan B, (3 mo. LIBOR + 3.25%, 0.50% Floor), 3.75%, 02/04/28							178				177,890
Epicor Software Corp., 2020 2nd Lien Term Loan, (1 mo. LIBOR + 7.75%, 1.00% Floor), 8.75%, 07/31/28							1,316				1,350,545
Helios Software Holdings, Inc., 2021 USD Term Loan B, (3 mo. LIBOR + 3.75%), 3.88%, 03/11/28							1,315				1,312,970
Informatica LLC
2020 USD 2nd Lien Term Loan, (Fixed + 7.12%), 7.13%, 02/25/25							1,093				1,107,209
2020 USD Term Loan B, (1 mo. LIBOR + 3.25%), 3.33%, 02/25/27							4,213				4,197,021
IPS Corp.
2021 2nd Lien Term Loan B, 6.88%, 09/21/29(c)							645				638,550
2021 Delayed Draw Term Loan, 6.88%, 09/21/28							72				72,513
2021 Term Loan, 6.88%, 09/21/28(h)							363				362,566
Magenta Buyer LLC
2021 USD 1st Lien Term Loan, (3 mo. LIBOR + 5.00%, 0.75% Floor), 5.75%, 07/27/28(h)							3,725				3,723,845
2021 USD 2nd Lien Term Loan, (3 mo. LIBOR + 8.25%), 9.00%, 07/27/29(c)							1,809				1,806,739
McAfee LLC, 2018 USD Term Loan B, (1 mo. LIBOR + 3.75%), 3.84%, 09/30/24							569				569,180
Mitchell International, Inc.
2017 1st Lien Term Loan, (1 mo. LIBOR + 3.25%), 3.33%, 11/29/24							273				272,226
2017 2nd Lien Term Loan, (1 mo. LIBOR + 7.25%), 7.33%, 12/01/25							752				749,995
2020 Add-On Term Loan, (1 mo. LIBOR + 4.25%, 0.50% Floor), 4.75%, 11/29/24							815				814,294
Netsmart Technologies, Inc., 2020 Term Loan B, (3 mo. LIBOR + 4.00%, 0.75% Floor), 4.75%, 10/01/27							972				976,126
Planview Parent, Inc.
2nd Lien Term Loan, (1 Week LIBOR + 7.25%, 0.75% Floor), 8.00%, 12/17/28							572				569,140
Term Loan, (3 mo. LIBOR + 4.00%, 0.75% Floor), 4.75%, 12/17/27							1,331				1,333,314
Project Alpha Intermediate Holding, Inc., 2021 Term Loan B, (1 mo. LIBOR + 4.00%), 4.09%, 04/26/24							942				941,044
Proof Point, Inc., 2nd Lien Term Loan, (3 mo. LIBOR + 6.25%, 0.50% Floor), 6.75%, 08/31/29(c)							895				903,950

Security						Par (000)				Value
Software (continued)
Proofpoint, Inc., 1st Lien Term Loan, (3 mo. LIBOR + 3.25%, 0.50% Floor), 3.75%, 08/31/28(h)			USD				1,719			$	1,709,545
RealPage, Inc.
1st Lien Term Loan, (1 mo. LIBOR + 3.25%, 0.50% Floor), 3.75%, 04/24/28							3,501				3,488,820
2nd Lien Term Loan, (1 mo. LIBOR + 6.50%, 0.75% Floor), 7.25%, 04/22/29							1,825				1,861,609
Renaissance Holding Corp., 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.25%), 3.33%, 05/30/25							421				417,016
Severin Acquisition LLC, 2018 Term Loan B, (1 mo. LIBOR + 3.25%), 3.34%, 08/01/25							2,399				2,384,861
Sophia LP, 2020 1st Lien Term Loan, (3 mo. LIBOR + 3.75%, 0.75% Floor), 4.50%, 10/07/27							3,153				3,163,673
Tempo Acquisition LLC
2020 Extended Term Loan, (1 mo. LIBOR + 3.25%, 0.50% Floor), 3.75%, 11/02/26							3,332				3,337,269
2021 Term Loan B, (1 mo. LIBOR + 3.00%, 0.50% Floor), 3.50%, 08/31/28							302				302,251
Tibco Software, Inc., 2020 2nd Lien Term Loan, (1 mo. LIBOR + 7.25%), 7.34%, 03/03/28							1,799				1,816,195
Ultimate Software Group, Inc.
2020 2nd Lien Incremental Term Loan, (3 mo. LIBOR + 6.75%, 0.75% Floor), 7.50%, 05/03/27							1,225				1,244,392
2021 Incremental Term Loan, (3 mo. LIBOR + 3.25%, 0.75% Floor), 4.00%, 05/04/26							2,248				2,251,467
Term Loan B, (1 mo. LIBOR + 3.75%), 3.83%, 05/04/26							2,429				2,432,132
											56,111,784
Specialty Retail — 3.6%
Belron Finance US LLC
2018 Term Loan B, (3 mo. LIBOR + 2.25%), 2.38%, 11/13/25							272				269,745
2019 USD Term Loan B, (3 mo. LIBOR + 2.25%), 2.44%, 10/30/26							663				658,837
CD&R Firefly Bidco Ltd., 2018 GBP Term Loan B1, (LIBOR - GBP + 4.75%), 4.82%, 06/23/25			GBP				1,000				1,338,642
EG Group Ltd., 2021 Term Loan, (3 mo. LIBOR + 4.25%, 0.50% Floor), 4.75%, 03/31/26			USD				353				352,475
Mavis Tire Express Services Corp., 2021 Term Loan B, (1 mo. LIBOR + 4.00%, 0.75% Floor), 4.75%, 05/04/28							1,871				1,874,716
MED ParentCo LP, 1st Lien Term Loan, (1 mo. LIBOR + 4.25%), 4.33%, 08/31/26							1,067				1,063,825
PetSmart, Inc., 2021 Term Loan B, (6 mo. LIBOR + 3.75%, 0.75% Floor), 4.50%, 02/11/28							3,286				3,290,599
Pilot Travel Centers LLC, 2021 Term Loan B, (1 mo. LIBOR + 2.00%), 2.08%, 07/28/28							595				592,876
Research Now Group, Inc., 2017 1st Lien Term Loan, (6 mo. LIBOR + 5.50%, 1.00% Floor), 6.50%, 12/20/24							764				754,304
Woof Holdings, Inc., 1st Lien Term Loan, (3 mo. LIBOR + 3.75%, 0.75% Floor), 4.50%, 12/21/27							339				339,509
WOOF Holdings, Inc., 2nd Lien Term Loan, (6 mo. LIBOR + 7.25%, 0.75% Floor), 8.00%, 12/21/28							345				347,805
											10,883,333

SCHEDULE OF INVESTMENTS 9

Schedule of Investments  (unaudited) (continued) September 30, 2021 BlackRock Floating Rate Income Trust (BGT) (Percentages shown are based on Net Assets)

Security						Par (000)				Value
Technology Hardware, Storage & Peripherals — 0.4%
Electronics for Imaging, Inc., Term Loan, (1 mo. LIBOR + 5.00%), 5.08%, 07/23/26			USD				855			$	805,707
Western Digital Corp., 2018 Term Loan B4, (1 mo. LIBOR + 1.75%), 1.84%, 04/29/23							301				301,244
											1,106,951
Trading Companies & Distributors — 0.7%
Beacon Roofing Supply, Inc., 2021 Term Loan B, (1 mo. LIBOR + 2.25%), 2.33%, 05/19/28							856				851,249
Foundation Building Materials Holding Company LLC, 2021 Term Loan, (3 mo. LIBOR + 7.00%, 1.00% Floor), 3.75%, 02/03/28							945				937,843
ION Trading Finance Ltd., 2021 Term Loan, (3 mo. LIBOR + 4.75%), 4.92%, 04/01/28							421				421,421
											2,210,513
Transportation Infrastructure — 0.4%
First Student Bidco, Inc.
Term Loan B, (2 mo. LIBOR + 3.00%, 0.50% Floor), 3.50%, 07/21/28							799				793,980
Term Loan C, (3 mo. LIBOR + 3.00%, 0.50% Floor), 3.50%, 07/21/28							295				293,080
											1,087,060
Wireless Telecommunication Services — 1.5%
GOGO Intermediate Holdings LLC, Term Loan B, (3 mo. LIBOR + 3.75%, 0.75% Floor), 4.50%, 04/30/28							682				683,008
Metronet Systems Holdings LLC, 2021 1st Lien Term Loan, (1 mo. LIBOR + 3.75%, 0.75% Floor), 4.50%, 05/26/28							441				441,428
SBA Senior Finance II LLC, 2018 Term Loan B, (1 mo. LIBOR + 1.75%), 1.84%, 04/11/25							2,080				2,059,546
Xplornet Communications, Inc., 2020 Term Loan B, (1 mo. LIBOR + 4.75%), 4.84%, 06/10/27							1,504				1,501,656
											4,685,638
Total Floating Rate Loan Interests — 147.1% (Cost: $444,192,768)											446,456,339

						Shares
Investment Companies
Fixed Income Funds — 0.7%
Invesco Senior Loan ETF							98,000			$	2,166,780
Total Investment Companies — 0.7% (Cost: $2,172,399)											2,166,780

Security						Benefical Interest (000)				Value
Other Interests
IT Services(c)(j) — 0.0%
Millennium Corp.			USD				991			$	—
Millennium Lender Claims							930				—
Total Other Interests — 0.0% (Cost: $ — )											—
						Shares
Warrants
Metals & Mining — 0.0%
Ameriforge Group, Inc. (Expires 06/08/22)							2,642				—
Oil, Gas & Consumable Fuels — 0.0%
California Resources Corp. (Expires 10/27/24)(a)							617				7,404
Total Warrants — 0.0% (Cost: $ — )											7,404
Total Investments — 149.5% (Cost: $453,524,572)											453,781,644
Liabilities in Excess of Other Assets — (49.5)%											(150,342,792	)
Net Assets — 100.0%										$	303,438,852

^(a)  Non-income producing security.

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

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

^(d)  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.

^(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)  Variable rate security. Interest rate resets periodically. The rate shown is the effective interest rate as of period end. Security description also includes the reference rate and spread if published and available.

^(g)  Convertible security.

^(h)  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.

⁽ⁱ⁾  Rounds to less than 1,000.

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

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.

10 SCHEDULE OF INVESTMENTS

Schedule of Investments  (unaudited) (continued) September 30, 2021 BlackRock Floating Rate Income Trust (BGT)

Affiliates

Investments in issuers considered to be affiliate(s) of the Trust during the period ended September 30, 2021 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

Affiliated Issuer		Value at 12/31/20				Purchases at Cost				Proceeds from Sales				Net Realized Gain (Loss)				Change in Unrealized Appreciation (Depreciation)				Value at 09/30/21		Shares Held at 09/30/21		Income		Capital Gain Distributions from Underlying Funds
BlackRock Liquidity Funds, T-Fund, Institutional Class (a)		$	—			$	—	(b)		$	—			$	—			$	—			$         —		—		$         25		$        —
iShares iBoxx $ High Yield Corporate Bond ETF(a)			5,499,900				—				(5,501,781	)(b)			480,138				(478,257	)		—		—		82,413		—
iShares iBoxx $ Investment Grade Corporate Bond ETF(a)			2,071,950				—				(2,039,397	)(b)			118,500				(151,053	)		—		—		23,328		—
														$	598,638			$	(629,310	)		$        —				$105,766		$        —

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

^(b)  Represents net amount purchased (sold).

Derivative Financial Instruments Outstanding as of Period End

Forward Foreign Currency Exchange Contracts

Currency Purchased						Currency Sold						Counterparty		Settlement Date				Unrealized Appreciation (Depreciation)
USD			483,287			EUR			408,000			BNP Paribas SA			12/15/21			$	9,980
USD			483,636			EUR			408,000			HSBC Bank USA N.A.			12/15/21				10,330
USD			2,202,730			GBP			1,590,000			Natwest Markets PLC			12/15/21				60,146
																		$	80,456

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); and

• 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 table summarizes the Trust’s financial instruments categorized in the fair value hierarchy. The breakdown of the Trust’s financial instruments 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		$	13,927			$	—			$	—			$	13,927

11

Schedule of Investments  (unaudited) (continued) September 30, 2021 BlackRock Floating Rate Income Trust (BGT)

Fair Value Hierarchy as of Period End (continued)

		Level 1				Level 2				Level 3				Total
Common Stocks (continued)
Construction & Engineering		$	38,322			$	—			$	—			$	38,322
Energy Equipment & Services			—				8,496				—				8,496
Household Durables			—				—				—				—
Media			195,380				—				—				195,380
Metals & Mining			—				1,248				486				1,734
Oil, Gas & Consumable Fuels			51,332				—				—				51,332
Software			792				—				—				792
Specialty Retail			—				286,492				—				286,492
Corporate Bonds			—				4,129,990				424,656				4,554,646
Floating Rate Loan Interests			—				421,086,982				25,369,357				446,456,339
Investment Companies			2,166,780				—				—				2,166,780
Other Interests			—				—				—				—
Warrants			7,404				—				—				7,404
Unfunded Floating Rate Loan Interests(a)			—				360				—				360
Liabilities
Unfunded Floating Rate Loan Interests(a)			—				(644	)			—				(644	)
		$	2,473,937			$	425,512,924			$	25,794,499			$	453,781,360
Derivative Financial Instruments(b)
Assets
Foreign Currency Exchange Contracts		$	—			$	80,456			$	—			$	80,456

^(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.

The Trust may hold assets and/or liabilities in which the fair value approximates the carrying amount for financial statement purposes. As of period end, bank borrowings payable of $137,000,000 are categorized as Level 2 within the fair value hierarchy.

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				Total
Assets
Opening balance, as of December 31, 2020		$	32,417			$	262,106			$	19,654,013			$	19,948,536
Transfers into Level 3 (a)			—				—				4,015,939				4,015,939
Transfers out of Level 3 (b)			(21,203	)			—				(8,774,731	)			(8,795,934	)
Accrued discounts/premiums			—				11,714				18,539				30,253
Net realized gain (loss)			—				2,007				31,206				33,213
Net change in unrealized appreciation (depreciation)(c)			(10,728	)			153,536				258,991				401,799
Purchases			—				6,939				15,398,414				15,405,353
Sales			—				(11,646	)			(5,233,014	)			(5,244,660	)
Closing balance, as of September 30, 2021		$	486			$	424,656			$	25,369,357			$	25,794,499
Net change in unrealized appreciation (depreciation) on investments still held at September 30, 2021(c)		$	(10,728	)		$	153,536			$	307,540			$	450,348

^(a) As of December 31, 2020, the Trust used observable inputs in determining the value of certain investments. As of September 30, 2021, 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 December 31, 2020, the Trust used significant unobservable inputs in determining the value of certain investments. As of September 30, 2021, 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 September 30, 2021 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.

12

Schedule of Investments  (unaudited) (continued) September 30, 2021 BlackRock Floating Rate Income Trust (BGT)

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

SCHEDULE OF INVESTMENTS 13