Edgar Filing: BLACKROCK FLOATING RATE INCOME TRUST

BLACKROCK FLOATING RATE INCOME TRUST

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number: 811-21566

Name of Fund: BlackRock Floating Rate Income Trust (BGT)

Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809

Name and address of agent for service: John M. Perlowski, Chief Executive Officer, BlackRock Floating Rate Income Trust, 55 East 52^nd Street, New York, NY 10055

Registrant’s telephone number, including area code: (800) 882-0052, Option 4

Date of fiscal year end: 10/31/2018

Date of reporting period: 07/31/2018

Item 1 – Schedule of Investments

Schedule of Investments (unaudited)

July 31, 2018

BlackRock Floating Rate Income Trust (BGT)

(Percentages shown are based on Net Assets)


Security		Shares/Par (000)		Value
Common Stocks — 0.2%

Health Care Management Services — 0.0%
New Millennium HoldCo, Inc.^(a)			9,191	$	395


Hotels, Restaurants & Leisure — 0.1%
Caesars Entertainment Corp.^(a)			11,672		131,894


Household Durables — 0.0%
Berkline Benchcraft Equity LLC^(a)(b)			6,155		—


Internet Software & Services — 0.0%
New Holdings LLC^(a)			365		120,450


Metals & Mining — 0.0%
Ameriforge Group, Inc.^(a)			832		47,424


Utilities — 0.1%
Texgen LLC^(a)(b)			10,393		358,558

Total Common Stocks — 0.2% (Cost — $986,989)					658,721


Asset-Backed Securities — 3.3%
ALM VII R Ltd., Series 2013-7RA, Class BR, (3 mo. LIBOR US + 2.70%), 5.04%, 10/15/28^(c)(d)	USD		250		251,935
AMMC CLO Ltd., Series 2014-15A, Class D, (3 mo. LIBOR US + 4.20%), 6.53%, 12/09/26^(c)(d)			250		251,492
Anchorage Capital CLO Ltd., Series 2016-8A, Class AR, 3.34%, 07/28/28^(b)(c)(e)			500		499,150
ARES XLVII CLO, Series 2018-48A, Class C, 4.14%, 07/20/30^(c)(e)			375		370,333
Ares XLVIII CLO, Series 2018-48A, Class D, 5.04%, 07/20/30^(c)(e)			250		245,766
Ares XXXIII CLO Ltd., Series 2015-1A, Class A2R, (3 mo. LIBOR US + 1.95%), 4.27%, 12/05/25^(c)(d)			300		300,196
Atlas Senior Loan Fund X Ltd., Series 2018-10A, Class B, (3 mo. LIBOR US + 1.50%), 3.84%, 01/15/31^(c)(e)			500		493,150
Benefit Street Partners CLO XII Ltd., Series 2017-12A, Class C, 5.39%, 10/15/30^(c)(e)			250		249,390
Carlyle Global Market Strategies CLO Ltd., Series 2015-3A, Class A2R, 3.94%, 07/28/28^(c)(e)			500		500,000
Cedar Funding II CLO Ltd., Series 2013-1A, Class A1R, (3 mo. LIBOR US + 1.23%), 3.56%, 06/09/30^(c)(d)			500		500,107
CIFC Funding Ltd., Series 2018-1A^(c)(e):
Class B, 3.56%, 04/18/31			375		369,602
Class C, 3.91%, 04/18/31			375		373,065


Security		Par (000)		Value
Asset-Backed Securities (continued)
Galaxy XVIII CLO Ltd., Series 2018-28A, Class A1, 3.44%, 07/15/31^(b)(c)(e)	USD		1,000	$	998,000
Galaxy XXI CLO Ltd., Series 2015-21A, Class AR, 3.37%, 04/20/31^(c)(e)			250		249,732
GoldentTree Loan Management US CLO Ltd., Series 2017-1A, Class C, (3 mo. LIBOR US + 2.20%), 4.55%, 04/20/29^(c)(d)			250		250,518
Highbridge Loan Management Ltd.^(c)(e):
Series 12A-18, Class B, 4.22%, 07/18/31^(b)			250		250,000
Series 12A-18, Class C, 5.12%, 07/18/31^(b)			250		250,000
Series 2013-2A, Class CR, 5.25%, 10/20/29			250		248,969
LCM XVIII LP.^(c)(e):
Series 27A, Class A1, 3.53%, 07/16/31			500		499,744
Series 18A, Class INC, 0.00%, 04/20/31			1,000		627,860
Octagon Investment Partners Ltd., Series 2013-1A^(c)(e):
Class A1R2, 3.34%, 01/25/31			250		249,183
Class BR2, 3.74%, 01/25/31			350		347,425
Class CR2, 4.04%, 01/25/31			350		349,818
Octagon Investment Partners XVII Ltd., Series 2013-1A, Class ER2, 7.49%, 01/25/31^(c)(e)			250		246,797
Palmer Square CLO Ltd.^(c):
Series 2015-2A, Class A1AR, (3 mo. LIBOR US + 1.27%), 3.62%, 07/20/30^(d)			250		250,357
Series 2018-1A, Class A1, 3.21%, 04/18/31^(b)(e)			250		250,275
Series 2018-1A, Class A2, 3.63%, 04/18/31^(b)(e)			250		250,275
Series 2018-1A, Class B, 3.93%, 04/18/31^(e)			250		245,203
Series 2018-1A, Class D, 7.33%, 04/18/31^(e)			250		247,500
TCI-Cent CLO Ltd., Series 2016-1A, Class A2, (3 mo. LIBOR US + 2.20%), 4.54%, 12/21/29^(c)(d)			250		251,188
Treman Park CLO Ltd., Series 2015-1A, Class D, (3 mo. LIBOR US + 3.86%), 6.21%, 04/20/27^(c)(d)			700		702,039
Voya CLO Ltd., Series 2013-3A, Class A2R, (3 mo. LIBOR US + 1.50%), 3.83%, 01/18/26^(c)(d)			250		249,974


			1

Schedule of Investments (unaudited) (continued)

July 31, 2018

BlackRock Floating Rate Income Trust (BGT)

(Percentages shown are based on Net Assets)


Security		Par (000)		Value
Asset-Backed Securities (continued):
Webster Park CLO, Ltd., Series 2015-1A, Class CR, 5.25%, 07/20/30^(c)(e)	USD		250	$	249,062

Total Asset-Backed Securities — 3.3% (Cost — $11,338,192)					11,668,105


Corporate Bonds — 5.4%

Aerospace & Defense — 0.5%
Bombardier, Inc.^(c):
7.75%, 03/15/20			940		991,700
7.50%, 03/15/25			713		748,650

					1,740,350
Capital Markets — 0.3%
Blackstone CQP Holdco LP^(c):
6.50%, 03/20/21			941		943,353
6.00%, 08/18/21			153		152,235

					1,095,588
Chemicals — 0.3%
Alpha 3 BV/Alpha US Bidco, Inc., 6.25%, 02/01/25^(c)			527		515,142
Momentive Performance Materials, Inc., 3.88%, 10/24/21			665		700,744

					1,215,886
Construction Materials — 0.4%
HD Supply, Inc., 5.75%, 04/15/24^(c)(f)			1,256		1,318,800

Containers & Packaging — 0.1%
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc., 7.25%, 05/15/24^(c)			200		208,500

Diversified Consumer Services — 0.4%
Prime Security Services Borrower LLC/Prime Finance, Inc., 9.25%, 05/15/23^(c)			1,251		1,340,134

Diversified Telecommunication Services — 0.1%
Level 3 Financing, Inc., 6.13%, 01/15/21			337		340,053

Electric Utilities — 0.0%
Texas Competitive Electric Holdings Co. LLC/TCEH Finance, Inc., 11.50%, 10/01/20^(a)(b)(c)			654		—

Environmental, Maintenance, & Security Service — 0.1%
Tervita Escrow Corp., 7.63%, 12/01/21^(c)			330		340,841

Equity Real Estate Investment Trusts (REITs) — 0.0%
VICI Properties 1 LLC/VICI FC, Inc., 8.00%, 10/15/23			29		31,581


Security		Par (000)		Value
Health Care Providers & Services — 0.1%
NVA Holdings, Inc., 6.88%, 04/01/26^(c)	USD		225	$	223,875


Health Care Services — 0.0%
Aveta Inc. Escrow, 7.00%, 04/01/19^(a)(b)(c)			827		—


Hotels, Restaurants & Leisure — 0.2%
New Red Finance, Inc., 5.00%, 10/15/25^(c)			600		575,250

Media — 1.0%
Altice Financing SA^(c):
6.63%, 02/15/23			335		338,769
7.50%, 05/15/26			525		511,140
Altice France SA, 6.00%, 05/15/22^(c)			512		527,718
Altice US Finance I Corp., 5.50%, 05/15/26^(c)			200		196,522
Clear Channel Worldwide Holdings, Inc.:
6.50%, 11/15/22			752		768,920
Series B, 7.63%, 03/15/20			335		335,737
CSC Holdings LLC, 10.88%, 10/15/25^(c)			640		742,400

					3,421,206

Metals & Mining — 0.6%
Freeport-McMoRan, Inc., 3.88%, 03/15/23			375		360,938
Novelis Corp., 6.25%, 08/15/24^(c)			396		396,990
Teck Resources Ltd., 3.75%, 02/01/23			1,253		1,237,337

					1,995,265

Oil, Gas & Consumable Fuels — 0.9%
CNX Resources Corp., 5.88%, 04/15/22			2,180		2,184,382
Great Western Petroleum LLC/Great Western Finance, Inc., 9.00%, 09/30/21^(c)			615		630,375
Halcon Resources Corp., 6.75%, 02/15/25			175		162,312

					2,977,069

Software — 0.3%
Infor US, Inc., 6.50%, 05/15/22			720		729,000
Informatica LLC, 7.13%, 07/15/23^(c)			405		412,088

					1,141,088

Wireless Telecommunication Services — 0.1%
Frontier Communications Corp., 8.50%, 04/01/26^(c)			195		187,200


2

Schedule of Investments (unaudited) (continued)

July 31, 2018

BlackRock Floating Rate Income Trust (BGT)

(Percentages shown are based on Net Assets)


Security		Par (000)		Value
Wireless Telecommunication Services (continued)
Sprint Communications, Inc., 7.00%, 08/15/20	USD		200	$	209,000

					396,200

Total Corporate Bonds — 5.4% (Cost — $18,368,454)					18,361,686


Floating Rate Loan Interests^(h) — 138.2%

Aerospace & Defense — 1.4%
Accudyne Industries LLC, 2017 Term Loan, (1 mo. LIBOR + 3.25%, 1.00% Floor), 5.33%, 08/18/24			1,983		1,987,501
DAE Aviation Holdings, Inc., 1st Lien Term Loan, (1 mo. LIBOR + 3.75%, 1.00% Floor), 5.83%, 07/07/22			313		309,951
Pelican Products, Inc., 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.50%), 5.59%, 05/01/25			145		145,534
TransDigm, Inc., 2018 Term Loan F, (1 mo. LIBOR + 2.50%), 4.58%, 06/09/23			2,047		2,047,156
WP CPP Holdings LLC, 2018 Term Loan, (6 mo. LIBOR + 3.75%), 6.28%, 04/30/25			246		245,897

					4,736,039
Air Freight & Logistics — 0.6%
Avolon TLB Borrower 1 (US) LLC, Term Loan B3, (1 mo. LIBOR + 2.00%), 4.09%, 01/15/25			399		395,402
CEVA Group PLC, Letter of Credit, (3 mo. LIBOR + 5.50%), 6.50%, 03/19/21^(b)			599		595,797
CEVA Intercompany BV, Dutch Term Loan, (1 mo. LIBOR + 5.50%, 1.00% Floor), 7.58%, 03/19/21			152		151,639
CEVA Logistics Canada ULC, Canadian Term Loan, (1 mo. LIBOR + 5.50%, 1.00% Floor), 7.58%, 03/19/21			80		79,959
CEVA Logistics US Holdings, Inc., Term Loan, (1 mo. LIBOR + 5.50%, 1.00% Floor), 7.58%, 03/19/21			601		598,649
Livingston International, Inc., Term Loan B3, (3 mo. LIBOR + 5.75%), 8.09%, 03/20/20			141		140,625


Security		Par (000)		Value
Air Freight & Logistics (continued)
XPO Logistics, Inc., 2018 Term Loan B, (3 mo. LIBOR + 2.00%), 4.06%, 02/24/25	USD		163	$	163,106

					2,125,177
Airlines — 0.0%
Northwest Airlines, Inc., Term Loan, (6 mo. LIBOR + 1.23%), 3.30%, 09/10/18^(b)			72		72,204

Auto Components — 0.5%
Dayco Products LLC, 2017 Term Loan B, (3 mo. LIBOR + 4.25%), 6.56%, 05/19/23^(b)			634		633,600
GPX International Tire Corp., Term Loan^(a)(b)(g):
0.00%, 12/31/49			274		—
PIK, 0.00%, 12/31/49			4		—
USI, Inc., 2017 Repriced Term Loan, (3 mo. LIBOR + 3.00%), 5.33%, 05/16/24			979		975,355

					1,608,955
Auto Parts — 0.2%
Mavis Tire Express Services Corp. :
2018 1st Lien Term Loan, (1 mo. LIBOR + 3.25%), 5.34%, 03/20/25			876		867,235
2018 Delayed Draw Term Loan, (1 mo. LIBOR + 1.00%), 1.24%, 03/20/25			141		7,653

					874,888
Automobiles — 0.3%
CH Hold Corp.:
1st Lien Term Loan, (1 mo. LIBOR + 3.00%), 5.08%, 02/01/24			785		789,161
2nd Lien Term Loan, (1 mo. LIBOR + 7.25%, 9.33%, 02/01/25^(b)			150		151,500

					940,661
Banks — 0.3%
Capri Finance LLC, 2017 1st Lien Term Loan, (3 mo. LIBOR + 3.25%), 5.59%, 11/01/24			1,000		994,975

Building Materials — 0.3%
Allied Universal HoldCo LLC, 2015 Term Loan, (1 mo. LIBOR + 3.75%, 1.00% Floor), 5.83%, 07/28/22			511		503,099


			3

Schedule of Investments (unaudited) (continued)

July 31, 2018

BlackRock Floating Rate Income Trust (BGT)

(Percentages shown are based on Net Assets)


Security		Par (000)		Value
Building Materials (continued)
USAGM HoldCo LLC, 2015 2nd Lien Term Loan, (1 mo. LIBOR + 8.50%, 1.00% Floor), 10.58%, 07/28/23	USD		395	$	390,228

					893,327
Building Products — 1.4%
Continental Building Products LLC, 2017 1st Lien Term Loan B, (1 mo. LIBOR + 2.25%), 4.33%, 08/18/23			239		239,529
CPG International, Inc., 2017 Term Loan, (6 mo. LIBOR + 3.75%, 1.00% Floor), 6.25%, 05/03/24			1,188		1,188,436
Jeld-Wen, Inc., 2017 1st Lien Term Loan, (3 mo. LIBOR + 2.00%), 4.33%, 12/14/24			990		989,778
Reece Ltd., 2018 Term Loan B, 07/02/25 (b)(i)			620		620,000
Wilsonart LLC, 2017 Term Loan B, (3 mo. LIBOR + 3.25%, 1.00% Floor), 5.59%, 12/19/23			1,616		1,619,569

					4,657,312
Capital Markets — 1.6%
Duff & Phelps Corp., 2017 Term Loan B, (3 mo. LIBOR + 3.25%, 1.00% Floor), 5.58%, 02/13/25			529		528,347
EIG Management Co. LLC, 2018 Term Loan B, (3 mo. LIBOR + 3.75%), 6.08%, 02/22/25			1,045		1,051,544
Fortress Investment Group LLC, 2018 Term Loan B, (1 mo. LIBOR + 2.00%), 4.07%, 12/27/22			822		821,950
Greenhill & Co., Inc., 1st Lien Term Loan, (1 mo. LIBOR + 3.75%, 1.00% Floor), 5.85%, 10/12/22			947		952,642
GreenSky Holdings LLC, 2018 Term Loan B, (1 mo. LIBOR + 3.25%), 5.38%, 03/29/25^(b)			658		658,350
RPI Finance Trust, Term Loan B6, (3 mo. LIBOR + 2.00%), 4.33%, 03/27/23			1,621		1,623,882

					5,636,715
Chemicals — 4.5%
Alpha 3 BV, 2017 Term Loan B1, (3 mo. LIBOR + 3.00%, 1.00% Floor), 5.33%, 01/31/24			1,986		1,986,256
Axalta Coating Systems US Holdings, Inc., Term Loan, (3 mo. LIBOR + 1.75%), 4.08%, 06/01/24			2,188		2,186,024


Security		Par (000)		Value
Chemicals (continued)
Charter NEX US Holdings, Inc., 2017 Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 5.08%, 05/16/24	USD		886	$	883,286
Chemours Co. (The), 2018 Term Loan B, (1 mo. LIBOR + 1.75%), 3.83%, 04/03/25			554		551,591
Element Materials Technology Group US Holdings, Inc., 2017 Term Loan B, (1 mo. LIBOR + 3.50%, 1.00% Floor), 5.58%, 06/28/24			378		379,045
Encapsys LLC, 1st Lien Term Loan, (1 mo. LIBOR + 3.25%, 1.00% Floor), 5.33%, 11/07/24			638		640,264
Evergreen Acqco 1 LP, Term Loan, (3 mo. LIBOR + 3.75%), 6.10%, 07/09/19			269		264,805
Invictus US LLC:
1st Lien Term Loan, (1 mo. LIBOR + 3.00%), 5.08%, 03/28/25			1,009		1,009,504
2nd Lien Term Loan, (1 mo. LIBOR + 6.75%), 8.83%, 03/25/26			265		264,338
MacDermid, Inc., 1.00% Floor):
Term Loan B6, (1 mo. LIBOR + 3.00%), 5.08%, 06/07/23			800		801,553
Term Loan B7, (1 mo. LIBOR + 2.50%), 4.58%, 06/07/20			1,178		1,180,039
Oxea Holding Drei GmbH, 2017 Term Loan B2, (3 mo. LIBOR + 3.50%), 5.63%, 10/11/24			2,420		2,421,424
PQ Corp., 2018 Term Loan B, (1 mo. LIBOR + 2.50%), 4.58%, 02/08/25			1,746		1,744,251
Tata Chemicals North America, Inc., Term Loan B, (3 mo. LIBOR + 2.75%, 1.00% Floor), 5.13%, 08/07/20			254		253,592
Vectra Co., 1st Lien Term Loan, (1 mo. LIBOR + 3.25%), 5.33%, 03/08/25			685		684,432

					15,250,404
Commercial Services & Supplies — 7.5%
Advanced Disposal Services, Inc., Term Loan B3, (1 Week LIBOR + 2.25%), 4.19%, 11/10/23			1,962		1,962,620
Aramark Services, Inc., 2018 Term Loan B3, (3 mo. LIBOR + 1.75%), 4.08%, 03/11/25			180		180,410


4

Schedule of Investments (unaudited) (continued)

July 31, 2018

BlackRock Floating Rate Income Trust (BGT)

(Percentages shown are based on Net Assets)


Security		Par (000)		Value
Commercial Services & Supplies (continued)
Asurion LLC :
2017 2nd Lien Term Loan, (1 mo. LIBOR + 6.50%), 8.58%, 08/04/25	USD		1,406	$	1,425,628
2017 Term Loan B4, (1 mo. LIBOR + 3.00%), 5.08%, 08/04/22			1,170		1,169,784
2018 Term Loan B6, (1 mo. LIBOR + 3.00%), 5.08%, 11/03/23			1,843		1,839,514
2018 Term Loan B7, (1 mo. LIBOR + 3.00%), 5.08%, 11/03/24			723		721,836
Camelot UK Holdco Ltd., 2017 Repriced Term Loan, (1 mo. LIBOR + 3.25%, 1.00% Floor), 5.33%, 10/03/23			2,366		2,369,203
Catalent Pharma Solutions, Inc., Term Loan B, (1 mo. LIBOR + 2.25%, 1.00% Floor), 4.33%, 05/20/24			1,415		1,414,894
Creative Artists Agency LLC, 2018 Term Loan B, (PRIME + 2.00%), 5.07%, 02/15/24			1,875		1,877,910
Dealer Tire LLC, 2017 Term Loan B, (6 mo. LIBOR + 3.25%, 1.00% Floor), 5.70%, 12/22/21^(b)			672		649,979
EnergySolutions LLC, 2018 Term Loan B, (3 mo. LIBOR + 3.75%, 1.00% Floor), 6.08%, 05/09/25^(b)			359		361,693
Garda World Security Corp., 2017 Term Loan, (PRIME + 2.50%), 5.80%, 05/24/24			563		562,080
GFL Environmental, Inc., 2018 Term Loan B, (3 mo. LIBOR + 2.75%, 1.00% Floor), 5.08%, 05/30/25			623		621,097
Harland Clarke Holdings Corp., Term Loan B7, (3 mo. LIBOR + 4.75%, 1.00% Floor), 7.08%, 11/03/23			568		544,711
KAR Auction Services, Inc., Term Loan B5, (1 mo. LIBOR + 2.50%), 4.63%, 03/09/23			1,540		1,542,347
PricewaterhouseCoopers LLP, 2018 Term Loan, (1 mo. LIBOR + 3.25%), 5.34%, 05/01/25^(b)			585		585,731
Prime Security Services Borrower LLC, 2016 1st Lien Term Loan, (1 mo. LIBOR + 2.75%, 1.00% Floor), 4.83%, 05/02/22			1,704		1,705,806
US Security Associates Holdings, Inc., 2016 Term Loan, (3 mo. LIBOR + 3.50%, 1.00% Floor), 5.83%, 07/14/23			1,471		1,471,729


Security		Par (000)		Value
Commercial Services & Supplies (continued)
West Corp., 2017 Term Loan, (1 mo. LIBOR + 4.00%, 1.00% Floor), 6.08%, 10/10/24	USD		2,054	$	2,053,825
Wrangler Buyer Corp., Term Loan B, (1 mo. LIBOR + 2.75%), 4.83%, 09/27/24			2,434		2,438,638

					25,499,435
Commercial Services & Supplies — 0.1%
Employbridge LLC, 2018 Term Loan B, (3 mo. LIBOR + 5.00%, 1.00% Floor), 7.50%, 04/10/25			355		358,401

Communications Equipment — 1.0%
Avantor, Inc., 2017 1st Lien Term Loan, (1 mo. LIBOR + 4.00%, 1.00% Floor), 6.08%, 11/21/24			1,991		2,005,670
Avaya, Inc. :
2018 Term Loan B, (1 mo. LIBOR + 4.25%), 6.32%, 12/15/24			897		901,157
Exit Term Loan B, 05/29/20 (b)(i)			153		—
CommScope, Inc., Term Loan B5, (1 mo. LIBOR + 2.00%), 4.08%, 12/29/22			218		218,293
Securus Technologies Holdings, Inc., 2017 1st Lien Term Loan, (1 mo. LIBOR + 4.50%, 1.00% Floor), 6.58%, 11/01/24			400		400,676

					3,525,796
Construction & Engineering — 2.2%
AECOM, Term Loan B, (1 mo. LIBOR + 1.75%), 3.83%, 02/22/25			448		448,363
Brand Energy & Infrastructure Services, Inc., 2017 Term Loan, (3 mo. LIBOR + 4.25%, 1.00% Floor), 6.60%, 06/21/24			4,036		4,053,189
Engility Corp., Term Loan B1, (1 mo. LIBOR + 2.25%), 4.33%, 08/12/20			121		121,278
Pike Corp., 2018 Term Loan B, (1 mo. LIBOR + 3.50%, 1.00% Floor), 5.58%, 03/23/25			694		698,955
SRS Distribution, Inc., 2018 1st Lien Term Loan, (3 mo. LIBOR + 3.25%), 5.58%, 05/23/25			1,488		1,461,618


			5

Schedule of Investments (unaudited) (continued)

July 31, 2018

BlackRock Floating Rate Income Trust (BGT)

(Percentages shown are based on Net Assets)


Security		Par (000)		Value
Construction & Engineering (continued)
USIC Holdings, Inc., 2017 Term Loan B, (1 mo. LIBOR + 3.25%, 1.00% Floor), 5.33%, 12/08/23	USD		564	$	563,621

					7,347,024
Construction Materials — 1.8%
Core & Main LP, 2017 Term Loan B, (6 mo. LIBOR + 3.00%, 1.00% Floor), 5.25%, 08/01/24			1,697		1,702,827
Filtration Group Corp., 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.00%), 5.08%, 03/29/25			3,017		3,028,119
GYP Holdings III Corp., 2018 Term Loan B, (1 mo. LIBOR + 2.75%), 4.83%, 06/01/25			1,358		1,343,721

					6,074,667
Containers & Packaging — 1.6%
Berlin Packaging LLC, 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.00%), 5.12%, 11/07/25			385		384,919
Berry Global, Inc., Term Loan Q, (1 mo. LIBOR + 2.00%), 4.08%, 10/01/22			2,722		2,726,687
BWAY Holding Co., 2017 Term Loan B, (3 mo. LIBOR + 3.25%), 5.58%, 04/03/24			1,092		1,088,563
Flex Acquisition Co., Inc., 2018 Incremental Term Loan, (3 mo. LIBOR + 3.25%), 5.75%, 06/29/25			1,133		1,131,584
Proampac PG Borrower LLC, 2016 1st Lien Term Loan, (1 mo. LIBOR + 3.50%, 1.00% Floor), 5.63%, 11/18/23			169		168,887

					5,500,640
Distributors — 1.0%
American Builders & Contractors Supply Co., Inc., 2018 Term Loan B, (1 mo. LIBOR + 2.00%), 4.08%, 10/31/23			1,773		1,763,871
TriMark USA LLC, 2017 1st Lien Term Loan, (1 mo. LIBOR + 3.50%), 5.58%, 08/28/24			1,505		1,504,776

					3,268,647
Diversified Consumer Services — 4.6%
AI Aqua Merger Sub, Inc., 2017 Incremental Term Loan, (1 mo. LIBOR + 3.25%, 1.00% Floor), 5.33%, 12/13/23			1,280		1,276,330


Security		Par (000)		Value
Diversified Consumer Services (continued)
Ascend Learning LLC, 2017 Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 5.08%, 07/12/24	USD		710	$	708,750
Bright Horizons Family Solutions, Inc., 2017 Term Loan B, (PRIME + 0.75%), 3.83%, 11/07/23			1,985		1,982,988
CHG PPC Parent LLC, 2018 Term Loan B, (1 mo. LIBOR + 2.75%), 4.83%, 03/31/25^(b)			430		429,463
Equian LLC, Add on Term Loan B, (1 mo. LIBOR + 3.25%, 1.00% Floor), 5.33%, 05/20/24			1,369		1,369,009
Genuine Financial Holdings LLC, 2018 1st Lien Term Loan, (3 mo. LIBOR + 3.75%), 5.82%, 06/27/25^(b)			859		856,853
J.D. Power and Associates, 1st Lien Term Loan, (1 mo. LIBOR + 4.25%, 1.00% Floor), 6.33%, 09/07/23			855		858,121
Nomad Foods Europe Midco Ltd., 2017 Term Loan B4, (1 mo. LIBOR + 2.25%), 4.32%, 05/15/24			841		835,257
Serta Simmons Bedding LLC, 1.00% Floor):
1st Lien Term Loan, (1 mo. LIBOR + 3.50%), 5.59%, 11/08/23			1,708		1,426,067
2nd Lien Term Loan, (1 mo. LIBOR + 8.00%), 10.10%, 11/08/24			591		399,289
ServiceMaster Co., 2016 Term Loan B, (1 mo. LIBOR + 2.50%), 4.58%, 11/08/23			1,489		1,488,975
Spin Holdco, Inc., 2017 Term Loan B, (3 mo. LIBOR + 3.25%, 1.00% Floor), 5.59%, 11/14/22			714		715,206
Uber Technologies, 2018 Term Loan, (1 mo. LIBOR + 4.00%, 1.00% Floor), 6.10%, 04/04/25			800		804,248
Wand Intermediate I LP, 2017 1st Lien Term Loan, (2 mo. LIBOR + 3.00%, 1.00% Floor), 5.17%, 09/17/21			780		779,267
Weight Watchers International, Inc., 2017 Term Loan B, (1 mo. LIBOR + 4.75%), 7.05%, 11/29/24			1,677		1,695,355

					15,625,178
Diversified Financial Services — 1.5%
AlixPartners LLP, 2017 Term Loan B, (1 mo. LIBOR + 2.75%, 1.00% Floor), 4.83%, 04/04/24			2,197		2,200,014
CVS Holdings I LP, 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.00%, 1.00% Floor), 5.08%, 02/06/25^(b)			634		627,870


6

Schedule of Investments (unaudited) (continued)

July 31, 2018

BlackRock Floating Rate Income Trust (BGT)

(Percentages shown are based on Net Assets)


Security		Par (000)		Value
Diversified Financial Services (continued)
Edelman Financial Center LLC, 2018 1st Lien Term Loan, (3 mo. LIBOR + 3.25%), 5.59%, 07/21/25	USD		482	$	484,613
EG Finco Ltd., 2018 Term Loan, (3 mo. LIBOR + 4.00%), 6.33%, 02/07/25			513		511,072
Oryx Southern Delaware Holdings LLC, Term Loan, (1 mo. LIBOR + 3.25%, 1.00% Floor), 5.33%, 02/09/25			738		718,774
SSH Group Holdings, Inc., 2018 1st Lien Term Loan, 1.00%, 07/30/25^(b)(i)			449		451,245

					4,993,588
Diversified Telecommunication Services — 6.5%
CenturyLink, Inc. :
2017 Term Loan A, (1 mo. LIBOR + 2.75%), 4.83%, 11/01/22			634		632,166
2017 Term Loan B, (1 mo. LIBOR + 2.75%), 4.83%, 01/31/25			5,629		5,539,468
Consolidated Communications, Inc., 2016 Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 5.08%, 10/04/23			255		251,593
Frontier Communications Corp., Delayed Draw Term Loan A, (1 mo. LIBOR + 2.75%), 4.83%, 03/31/21			1,613		1,585,625
Hargray Communications Group, Inc., 2017 Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 5.08%, 05/16/24			921		923,766
Level 3 Financing, Inc., 2017 Term Loan B, (1 mo. LIBOR + 2.25%), 4.33%, 02/22/24			3,403		3,407,984
MTN Infrastructure TopCo, Inc, 1st Lien Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 5.08%, 11/15/24			1,188		1,192,427
Sprint Communications, Inc., 1st Lien Term Loan B, (1 mo. LIBOR + 2.50%), 4.63%, 02/02/24			1,763		1,762,247
TDC A/S, Term Loan, 05/31/25⁽ⁱ⁾			1,993		2,164,181
Telenet Financing USD LLC, Term Loan AN, (1 mo. LIBOR + 2.25%), 4.32%, 08/15/26			2,640		2,624,239
Telesat Canada, Term Loan B4, (3 mo. LIBOR + 2.50%), 4.84%, 11/17/23			502		502,982
Virgin Media Investment Holdings Ltd., Term Loan L, (LIBOR - GBP + 3.25%), 3.82%, 01/15/27	GBP		600		776,174
Zayo Group LLC :
2017 Incremental Term Loan, (1 mo. LIBOR + 2.25%, 1.00% Floor), 4.33%, 01/19/24	USD		175		175,593


Security		Par (000)		Value
Diversified Telecommunication Services (continued)
Zayo Group LLC (continued):
2017 Term Loan B1, (1 mo. LIBOR + 2.00%), 4.08%, 01/19/21	USD		692	$	692,396

					22,230,841
Electric Utilities — 1.1%
Dayton Power & Light Co. (The), Term Loan B, (1 mo. LIBOR + 2.00%), 4.08%, 08/24/22			317		315,827
TEX Operations Co. LLC, Exit Term Loan B, (1 mo. LIBOR + 2.00%), 4.08%, 08/04/23			1,248		1,245,539
Texas Competitive Electric Holdings Co. LLC/TCEH Finance, Inc., Term Loan, 11/10/18^(b)(i)			1,050		—
Vistra Energy Corp., 1st Lien Term Loan B3, (1 mo. LIBOR + 2.00%), 4.07%, 12/31/25			1,925		1,919,706
Vistra Operations Co. LLC, 2016 Term Loan B2, (1 mo. LIBOR + 2.25%), 4.33%, 12/14/23			225		224,791

					3,705,863
Electrical Equipment — 1.1%
EXC Holdings III Corp., 2017 1st Lien Term Loan, (3 mo. LIBOR + 3.50%, 1.00% Floor), 5.83%, 12/02/24			572		576,176
Gates Global LLC, 2017 Repriced Term Loan B, (3 mo. LIBOR + 2.75%, 1.00% Floor), 5.08%, 04/01/24			2,445		2,449,284
Generac Power Systems, Inc., 2018 1st Lien Term Loan, (1 mo. LIBOR + 1.75%), 3.84%, 05/31/23			239		238,611
MLN US HoldCo LLC, 2018 1st Lien Term Loan, 07/13/25⁽ⁱ⁾			634		636,181

					3,900,252
Energy Equipment & Services — 1.3%
Gavilan Resources LLC, 2nd Lien Term Loan, (1 mo. LIBOR + 6.00%, 1.00% Floor), 8.08%, 03/01/24			1,567		1,539,577
GrafTech Finance, Inc., 2018 Term Loan B, (1 mo. LIBOR + 3.50%, 1.00% Floor), 5.59%, 02/12/25			1,115		1,113,606
Ocean Rig UDW, Inc., Term Loan, (Fixed + 8.00%), 8.00%, 09/20/24			63		66,112
Pioneer Energy Services Corp., Term Loan, (1 mo. LIBOR + 7.75%, 1.00% Floor), 9.83%, 11/08/22			520		537,550
Seadrill Partners Finco LLC, Term Loan B, (3 mo. LIBOR + 6.00%, 1.00% Floor), 8.33%, 02/21/21			384		358,135


			7

Schedule of Investments (unaudited) (continued)

July 31, 2018

BlackRock Floating Rate Income Trust (BGT)

(Percentages shown are based on Net Assets)


Security		Par (000)		Value
Energy Equipment & Services (continued)
Weatherford International Ltd., Term Loan, (1 mo. LIBOR + 1.42%), 3.51%, 07/13/20	USD		737	$	726,889

					4,341,869
Equity Real Estate Investment Trusts (REITs) — 2.3%
Capital Automotive LP, 2017 1st Lien Term Loan, (1 mo. LIBOR + 2.50%, 1.00% Floor), 4.58%, 03/24/24			467		466,679
Iron Mountain, Inc., 2018 Term Loan B, 01/02/26⁽ⁱ⁾			520		512,850
MGM Growth Properties Operating Partnership LP, 2016 Term Loan B, (1 mo. LIBOR + 2.00%), 4.08%, 04/25/23			2,817		2,818,247
RHP Hotel Properties LP, 2017 Term Loan B, (3 mo. LIBOR + 2.00%), 4.34%, 05/11/24			830		828,671
VICI Properties 1 LLC, Replacement Term Loan B, (1 mo. LIBOR + 2.00%), 4.08%, 12/20/24			3,293		3,295,398

					7,921,845
Food & Staples Retailing — 1.5%
Albertsons LLC :
2017 Term Loan B4, (1 mo. LIBOR + 2.75%), 4.83%, 08/25/21			518		515,493
2018 ABL Last Out Term Loan, 05/02/23⁽ⁱ⁾			649		647,699
BJ’s Wholesale Club, Inc., 2017 1st Lien Term Loan, (1 mo. LIBOR + 3.50%, 1.00% Floor), 5.60%, 02/03/24			1,129		1,130,801
Hearthside Food Solutions LLC, 2018 Term Loan B, (3 mo. LIBOR + 3.00%), 5.06%, 05/23/25			359		355,923
Hostess Brands LLC, 2017 Repriced Term Loan, (1 mo. LIBOR + 2.25%), 4.33%, 08/03/22			1,491		1,490,059
US Foods, Inc., 2016 Term Loan B, (1 mo. LIBOR + 2.00%), 4.08%, 06/27/23			985		984,363

					5,124,338
Food Products — 2.4%
CFSP Acquisition Corp. :
2018 1st Lien Term Loan, (1 mo. LIBOR + 3.00%, 1.00% Floor), 5.08%, 03/21/25			330		327,864
2018 Delayed Draw Term Loan, 03/06/25⁽ⁱ⁾			75		74,139


Security		Par (000)		Value
Food Products (continued)
Chobani LLC, 2017 Term Loan B, (1 mo. LIBOR + 3.50%, 1.00% Floor), 5.58%, 10/10/23	USD		1,664	$	1,662,248
Dole Food Co., Inc., 2017 Term Loan B, (3 mo. LIBOR + 2.75%, 1.00% Floor), 4.84%, 04/06/24			634		632,166
JBS USA LLC, 2017 Term Loan B, (3 mo. LIBOR + 2.50%), 4.83%, 10/30/22			3,092		3,087,314
Nomad Foods Europe Midco Ltd., Term Loan B7, (1 mo. LIBOR + 2.25%), 4.32%, 05/15/24			195		193,781
Pinnacle Foods Finance LLC, 2018 Term Loan B, (1 mo. LIBOR + 1.75%), 3.84%, 02/02/24			682		681,876
Reynolds Group Holdings, Inc., 2017 Term Loan, (1 mo. LIBOR + 2.75%), 4.83%, 02/05/23			1,694		1,699,459

					8,358,847
Gas Utilities — 0.3%
AL Midcoast Holdings LLC, 2018 Term Loan B, 07/31/25^(b)(i)			880		886,197

Health Care Equipment & Supplies — 3.7%
Cotiviti Corp., Term Loan B, (3 mo. LIBOR + 2.25%), 4.54%, 09/28/23			1,032		1,030,953
CryoLife, Inc., Term Loan B, (3 mo. LIBOR + 4.00%, 1.00% Floor), 6.33%, 11/14/24			1,124		1,131,377
DJO Finance LLC, 2015 Term Loan, (1 mo. LIBOR + 3.25%, 1.00% Floor), 5.46%, 06/08/20			4,042		4,032,150
Immucor, Inc., Extended Term Loan B, (2 mo. LIBOR + 5.00%, 1.00% Floor), 7.17%, 06/15/21			2,188		2,210,919
Mallinckrodt International Finance SA, Term Loan B, (3 mo. LIBOR + 2.75%), 5.20%, 09/24/24			895		880,649
Ortho-Clinical Diagnostics SA, 2018 Term Loan B, (1 mo. LIBOR + 3.25%), 5.33%, 06/30/25			3,312		3,306,831

					12,592,879
Health Care Providers & Services — 6.6%
Acadia Healthcare Co., Inc.:
2018 Term Loan B3, (1 mo. LIBOR + 2.50%), 4.58%, 02/11/22			277		277,852
2018 Term Loan B4, (1 mo. LIBOR + 2.50%), 4.58%, 02/16/23			1,261		1,265,134


8

Schedule of Investments (unaudited) (continued)

July 31, 2018

BlackRock Floating Rate Income Trust (BGT)

(Percentages shown are based on Net Assets)


Security		Par (000)		Value
Health Care Providers & Services (continued)
AHP Health Partners, Inc., 2018 Term Loan, (1 mo. LIBOR + 4.50%, 1.00% Floor), 6.57%, 06/30/25	USD		508	$	511,175
Auris Luxembourg III Sarl, 2017 Term Loan B7, (3 mo. LIBOR + 3.00%, 1.00% Floor), 5.33%, 01/17/22			1,483		1,484,749
CHG Healthcare Services, Inc., 2017 1st Lien Term Loan B, (3 mo. LIBOR + 3.00%, 1.00% Floor), 5.25%, 06/07/23			2,068		2,070,978
Concentra Inc., 2018 1st Lien Term Loan, (1 mo. LIBOR + 2.75%, 1.00% Floor), 4.85%, 06/01/22			1,164		1,164,489
DaVita HealthCare Partners, Inc., Term Loan B, (1 mo. LIBOR + 2.75%), 4.83%, 06/24/21			508		509,940
DentalCorp Perfect Smile ULC:
1st Lien Delayed Draw Term Loan, (UNFND + 0.50%), 0.80%, 06/06/25			133		7,568
1st Lien Term Loan, (1 mo. LIBOR + 3.75%, 1.00% Floor), 5.83%, 06/06/25			531		532,976
Diplomat Pharmacy, Inc., 2017 Term Loan B, (1 mo. LIBOR + 4.50%, 1.00% Floor), 6.58%, 12/20/24			616		616,929
DuPage Medical Group Ltd. :
2018 Term Loan, (3 mo. LIBOR + 2.75%), 4.81%, 08/15/24			526		518,964
2nd Lien Term Loan, (1 mo. LIBOR + 7.00%), 9.08%, 08/15/25			245		245,000
Envision Healthcare Corp., 2016 Term Loan B, (1 mo. LIBOR + 3.00%), 5.08%, 12/01/23			1,940		1,937,787
Explorer Holdings, Inc., 2016 Term Loan B, (3 mo. LIBOR + 3.75%, 1.00% Floor), 6.08%, 05/02/23			658		661,989
Gentiva Health Services, Inc.:
2018 1st Lien Term Loan, (3 mo. LIBOR + 3.75%), 6.13%, 07/02/25^(b)			669		674,112
2018 2nd Lien Term Loan, (3 mo. LIBOR + 7.00%), 9.38%, 07/02/26^(b)			164		166,689
HC Group Holdings III, Inc., 2018 Term Loan B, (1 mo. LIBOR + 3.75%), 5.83%, 04/07/22			871		874,616


Security		Par (000)		Value
Health Care Providers & Services (continued)
HCA, Inc.:
2018 Term Loan B10, (1 mo. LIBOR + 2.00%), 4.08%, 03/13/25	USD		594	$	596,729
Term Loan B11, (1 mo. LIBOR + 1.75%), 3.83%, 03/18/23			1,391		1,395,914
Lifescan Global Corp., 2018 1st Lien Term Loan, 05/23/25 (b)(i)			221		214,370
MPH Acquisition Holdings LLC, 2016 Term Loan B, (3 mo. LIBOR + 2.75%, 1.00% Floor), 5.08%, 06/07/23			1,357		1,357,007
National Mentor Holdings, Inc., Term Loan B, (3 mo. LIBOR + 3.00%), 5.33%, 01/31/21			291		292,012
nThrive, Inc., 2016 1st Lien Term Loan, (1 mo. LIBOR + 4.50%, 1.00% Floor), 6.58%, 10/20/22			1,096		1,095,891
NVA Holdings, Inc., Term Loan B3, (1 mo. LIBOR + 2.75%, 1.00% Floor), 4.83%, 02/02/25			1,114		1,108,912
Team Health Holdings, Inc., 1st Lien Term Loan, (1 mo. LIBOR + 2.75%, 1.00% Floor), 4.83%, 02/06/24			1,303		1,265,824
Vizient, Inc., 2017 Term Loan B, (1 mo. LIBOR + 2.75%, 1.00% Floor), 4.83%, 02/13/23			377		377,583
WP CityMD Bidco LLC, 2018 1st Lien Term Loan, (3 mo. LIBOR + 3.50%, 1.00% Floor), 5.83%, 06/07/24			645		644,267
Zotec Partners LLC, 2018 Term Loan, (1 mo. LIBOR + 5.00%, 1.00% Floor), 7.08%, 02/14/24^(b)			750		750,281

					22,619,737
Health Care Services — 0.4%
Ivory Merger Sub, Inc., 2018 1st Lien Term Loan, (3 mo. LIBOR + 3.50%), 5.84%, 03/07/25			893		889,977
Sound Inpatient Physicians :
2018 1st Lien Term Loan, (1 mo. LIBOR + 3.00%), 5.08%, 06/27/25			432		433,080


			9

Schedule of Investments (unaudited) (continued)

July 31, 2018

BlackRock Floating Rate Income Trust (BGT)

(Percentages shown are based on Net Assets)


Security		Par (000)		Value
Health Care Services (continued)
2018 2nd Lien Term Loan, (1 mo. LIBOR + 6.75%), 8.83%, 06/26/26^(b)	USD		234	$	235,755

					1,558,812
Health Care Technology — 0.9%
Change Healthcare Holdings, Inc., 2017 Term Loan B, (1 mo. LIBOR + 2.75%, 1.00% Floor), 4.83%, 03/01/24			1,537		1,534,221
Press Ganey Holdings, Inc., 1.00% Floor):
2018 1st Lien Term Loan, (1 mo. LIBOR + 2.75%), 4.83%, 10/23/23			1,177		1,176,268
2nd Lien Term Loan, (1 mo. LIBOR + 6.50%), 8.58%, 10/21/24^(b)			139		140,720
Quintiles IMS, Inc., 2017 Term Loan B, (3 mo. LIBOR + 2.00%), 4.33%, 03/07/24			307		306,811

					3,158,020
Hotels, Restaurants & Leisure — 7.8%
Aristocrat Technologies, Inc., 2018 1st Lien Term Loan, (3 mo. LIBOR + 1.75%), 4.10%, 10/19/24			846		844,930
Boyd Gaming Corp., Term Loan B3, (1 Week LIBOR + 2.50%), 4.45%, 09/15/23			1,126		1,131,417
Bronco Midstream Funding LLC, Term Loan B, (3 mo. LIBOR + 3.50%, 1.00% Floor), 5.83%, 08/14/23			1,264		1,268,304
Burger King Newco Unlimited Liability Co., Term Loan B3, (1 mo. LIBOR + 2.25%, 1.00% Floor), 4.33%, 02/16/24			4,431		4,425,937
Caesars Resort Collection LLC, 2017 1st Lien Term Loan B, (1 mo. LIBOR + 2.75%), 4.83%, 12/22/24			2,719		2,729,097
CCM Merger, Inc., Term Loan B, (1 mo. LIBOR + 2.75%), 4.83%, 08/08/21			717		719,045
CEC Entertainment, Inc., Term Loan B, (1 mo. LIBOR + 3.25%, 1.00% Floor), 5.33%, 02/14/21			356		334,047
ESH Hospitality, Inc., 2018 Term Loan B, (1 mo. LIBOR + 2.00%), 4.08%, 08/30/23			1,873		1,870,249
Four Seasons Hotels Ltd., 1st Lien Term Loan, (1 mo. LIBOR + 2.00%), 4.08%, 11/30/23			138		137,802


Security		Par (000)		Value
Hotels, Restaurants & Leisure (continued)
Gateway Casinos & Entertainment Ltd., 2018 Term Loan B, (3 mo. LIBOR + 3.00%), 5.47%, 12/01/23	USD		95	$	95,267
GVC Holdings PLC, 2018 Term Loan, (1 mo. LIBOR + 2.50%, 1.00% Floor), 4.58%, 03/29/24			579		578,550
Hilton Worldwide Finance LLC, Term Loan B2, (3 mo. LIBOR + 1.75%), 3.81%, 10/25/23			962		965,407
IRB Holding Corp., 1st Lien Term Loan, (1 mo. LIBOR + 3.25%, 1.00% Floor), 5.35%, 02/05/25			983		988,246
Lakeland Tours LLC, 2017 1st Lien Term Loan B, (3 mo. LIBOR + 4.00%, 1.00% Floor), 6.34%, 12/15/24			650		653,155
Playa Resorts Holding BV, 2017 Term Loan B, (1 mo. LIBOR + 2.75%, 1.00% Floor), 4.83%, 04/29/24			883		873,904
Sabre GLBL, Inc., 2018 Term Loan B, (1 mo. LIBOR + 2.00%), 4.08%, 02/22/24			1,558		1,558,694
Scientific Games International, Inc., 2018 Term Loan B5, (1 mo. LIBOR + 2.75%), 4.90%, 08/14/24			2,388		2,388,536
Stars Group Holdings BV, 2018 Incremental Term Loan, (3 mo. LIBOR + 3.50%), 5.83%, 07/10/25			3,938		3,971,355
Wyndham Hotels & Resorts, Inc., Term Loan B, (1 mo. LIBOR + 1.75%), 3.83%, 05/30/25			970		972,124

					26,506,066
Household Products — 1.1%
Berkline Benchcraft LLC, 4.50%, 06/01/19^(a)(b)(g)			400		—
Energizer Holdings, Inc., 2018 Term Loan B, 06/30/25⁽ⁱ⁾			435		436,088
Mastronardi Produce Ltd., Term Loan B, (1 mo. LIBOR + 3.25%), 5.34%, 04/18/25			360		361,350
SIWF Holdings, Inc., 1st Lien Term Loan, (1 mo. LIBOR + 4.25%), 6.32%, 06/15/25			540		541,350
Spectrum Brands, Inc., 2017 Term Loan B, (3 mo. LIBOR + 2.00%), 4.35%, 06/23/22			2,334		2,336,334

					3,675,122
Independent Power and Renewable Electricity Producers — 2.4%
AES Corp., 2018 Term Loan B, (3 mo. LIBOR + 1.75%), 4.07%, 05/31/22			647		645,561


10

Schedule of Investments (unaudited) (continued)

July 31, 2018

BlackRock Floating Rate Income Trust (BGT)

(Percentages shown are based on Net Assets)


Security		Par (000)		Value
Independent Power and Renewable Electricity Producers (continued)
Aria Energy Operating LLC, Term Loan, (1 mo. LIBOR + 4.50%, 1.00% Floor), 6.58%, 05/27/22	USD		667	$	666,853
Calpine Construction Finance Co. LP, 2017 Term Loan B, (1 mo. LIBOR + 2.50%), 4.58%, 01/15/25			772		771,255
Calpine Corp., Term Loan B6, (3 mo. LIBOR + 2.50%, 1.00% Floor), 4.84%, 01/15/23			1,123		1,124,158
Compass Power Generation LLC, 2017 Term Loan B, (1 mo. LIBOR + 3.75%, 1.00% Floor), 5.83%, 12/20/24			724		727,914
EIF Channelview Cogeneration LLC, 2018 Term Loan B, (1 mo. LIBOR + 4.25%, 1.00% Floor), 6.33%, 05/03/25			290		291,740
Granite Acquisition, Inc., 1.00% Floor):
Term Loan B, (3 mo. LIBOR + 3.50%), 5.84%, 12/19/21			1,959		1,971,905
Term Loan C, (3 mo. LIBOR + 3.50%), 5.83%, 12/19/21			331		333,327
Nautilus Power LLC, Term Loan B, (1 mo. LIBOR + 4.25%, 1.00% Floor), 6.33%, 05/16/24			900		903,402
Terra-Gen Finance Co. LLC, Term Loan B, (1 mo. LIBOR + 4.25%, 1.00% Floor), 6.33%, 12/09/21^(b)			781		698,405

					8,134,520
Industrial Conglomerates — 1.0%
Brookfield WEC Holdings, Inc., 2018 2nd Lien Term Loan, 07/25/26⁽ⁱ⁾			112		113,720
Cortes NP Acquisition Corp., 2017 Term Loan B, (1 mo. LIBOR + 4.00%, 1.00% Floor), 6.10%, 11/30/23			2,469		2,449,086
Sequa Mezzanine Holdings LLC, 1st Lien Term Loan, (1 mo. LIBOR + 5.00%, 1.00% Floor), 7.07%, 11/28/21^(b)			950		950,499

					3,513,305
Insurance — 3.0%
Alliant Holdings I, Inc., 2018 Term Loan B, (1 mo. LIBOR + 3.00%), 5.08%, 05/09/25			1,835		1,833,975
AmWINS Group, Inc., 2017 Term Loan B, (1 mo. LIBOR + 2.75%, 1.00% Floor), 4.83%, 01/25/24			1,626		1,624,992
AssuredPartners, Inc., 2017 1st Lien Add-On Term Loan, (1 mo. LIBOR + 3.25%), 5.33%, 10/22/24			796		796,851


Security		Par (000)		Value
Insurance (continued)
Davis Vision, Inc., 1st Lien Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 5.08%, 12/02/24	USD		1,130	$	1,125,516
Hub International Ltd., 2018 Term Loan B, (3 mo. LIBOR + 3.00%), 5.33%, 04/25/25			992		991,008
Sedgwick Claims Management Services, Inc., 1.00% Floor) :
1st Lien Term Loan, (1 mo. LIBOR + 2.75%), 4.83%, 03/01/21			1,875		1,871,973
2nd Lien Term Loan, (1 mo. LIBOR + 5.75%), 7.88%, 02/28/22			1,595		1,604,969
Stratose Intermediate Holdings II LLC, 1st Lien Term Loan, (1 mo. LIBOR + 3.25%, 1.00% Floor), 5.33%, 06/22/23			510		512,724

					10,362,008
Internet & Direct Marketing Retail — 0.3%
Harbor Freight Tools USA, Inc., 2018 Term Loan B, (1 mo. LIBOR + 2.50%), 4.58%, 08/18/23			892		888,221

Internet Software & Services — 2.5%
Go Daddy Operating Co. LLC, 2017 Repriced Term Loan, (1 mo. LIBOR + 2.25%), 4.33%, 02/15/24			2,293		2,297,381
GTT Communications, Inc., 2018 Term Loan B, (1 mo. LIBOR + 2.75%), 4.83%, 05/31/25			607		600,706
Inmar Holdings, Inc., 2017 1st Lien Term Loan, (1 mo. LIBOR + 3.50%, 1.00% Floor), 5.58%, 05/01/24			644		644,838
Intralinks, Inc., 1st Lien Term Loan, (1 mo. LIBOR + 4.00%), 6.08%, 11/11/24			692		692,099
Rackspace Hosting, Inc., 2017 Incremental 1st Lien Term Loan, (3 mo. LIBOR + 3.00%, 1.00% Floor), 5.36%, 11/03/23			2,025		2,014,140
TierPoint LLC, 2017 1st Lien Term Loan, (1 mo. LIBOR + 3.75%, 1.00% Floor), 5.83%, 05/06/24			947		934,816
ZPG PLC, 2018 Term Loan B, 06/30/25⁽ⁱ⁾	GBP		1,000		1,309,058

					8,493,038
IT Services — 7.4%
Access CIG LLC :
2018 1st Lien Term Loan, (1 mo. LIBOR + 3.75%), 5.83%, 02/27/25	USD		324		324,523


			11

Schedule of Investments (unaudited) (continued)

July 31, 2018

BlackRock Floating Rate Income Trust (BGT)

(Percentages shown are based on Net Assets)


Security		Par (000)		Value
IT Services (continued)
2018 2nd Lien Incremental Term Loan, (1 mo. LIBOR + 7.75%), 9.83%, 02/27/26	USD		10	$	10,017
2018 2nd Lien Term Loan, (1 mo. LIBOR + 7.75%), 9.83%, 02/27/26			140		140,443
2018 Incremental Term Loan, (1 mo. LIBOR + 3.75%), 5.83%, 02/27/25			45		44,966
Altran Technologies SA, 1st Lien Term Loan, (3 mo. LIBOR + 2.25%), 4.57%, 03/20/25			414		409,823
Blackhawk Network Holdings, Inc, 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.00%), 5.07%, 06/15/25			1,014		1,015,310
Cologix, Inc., 2017 1st Lien Term Loan, (3 mo. LIBOR + 3.00%, 1.00% Floor), 5.07%, 03/20/24			1,071		1,070,366
First Data Corp. :
2024 Term Loan, (1 mo. LIBOR + 2.00%), 4.07%, 04/26/24			6,832		6,828,507
Term Loan A, (1 mo. LIBOR + 1.75%), 3.82%, 06/02/20			368		368,207
Flexential Intermediate Corp., 2017 1st Lien Term Loan, (3 mo. LIBOR + 3.50%, 1.00% Floor), 5.83%, 08/01/24			834		829,882
Greeneden US Holdings II LLC, 2018 Term Loan B, (1 mo. LIBOR + 3.50%), 5.58%, 12/01/23			1,374		1,380,281
Learning Care Group, Inc., 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.25%, 1.00% Floor), 5.33%, 03/13/25			374		374,998
Optiv Security, Inc., 1.00% Floor) :
1st Lien Term Loan, (1 mo. LIBOR + 3.25%), 5.31%, 02/01/24			2,247		2,182,869
2nd Lien Term Loan, (1 mo. LIBOR + 7.25%), 9.31%, 02/01/25			480		462,146
Peak 10 Holding Corp., 2nd Lien Term Loan, (3 mo. LIBOR + 7.25%, 1.00% Floor), 9.61%, 08/01/25			995		986,831
TKC Holdings, Inc., 1.00% Floor) :
2017 1st Lien Term Loan, (1 mo. LIBOR + 3.75%), 5.83%, 02/01/23			1,410		1,408,854
2017 2nd Lien Term Loan, (1 mo. LIBOR + 8.00%), 10.08%, 02/01/24			985		982,045
Trans Union LLC :
2018 Term Loan B4, (1 mo. LIBOR + 2.00%), 4.08%, 06/19/25			11		11,007


Security		Par (000)		Value
IT Services (continued)
Term Loan B3, (1 mo. LIBOR + 2.00%), 4.08%, 04/10/23	USD		3,249	$	3,256,251
Vantiv LLC, 2018 1st Lien Term Loan B3, (1 mo. LIBOR + 1.75%), 3.82%, 10/14/23			618		616,473
WEX, Inc., 2017 Term Loan B2, (1 mo. LIBOR + 2.25%), 4.33%, 06/30/23			2,403		2,402,406

					25,106,205
Leisure Products — 0.2%
MND Holdings III Corp., 2018 1st Lien Term Loan, (3 mo. LIBOR + 3.50%, 1.00% Floor), 5.83%, 06/19/24^(b)			639		642,915

Life Sciences Tools & Services — 0.2%
Albany Molecular Research, Inc., 1.00% Floor) :
2017 1st Lien Term Loan, (1 mo. LIBOR + 3.25%), 5.33%, 08/30/24			341		340,802
2017 2nd Lien Term Loan, (1 mo. LIBOR + 7.00%), 9.08%, 08/30/25			240		239,801

					580,603
Machinery — 2.3%
Clark Equipment Co., 2018 Term Loan B, (3 mo. LIBOR + 2.00%), 4.33%, 05/18/24			545		544,972
Columbus McKinnon Corp., 2018 Term Loan B, (3 mo. LIBOR + 2.50%, 1.00% Floor), 4.83%, 01/31/24^(b)			116		116,346
Gardner Denver, Inc., 2017 Term Loan B, (1 mo. LIBOR + 2.75%), 4.83%, 07/30/24			1,548		1,550,281
Hayward Industries, Inc., 1st Lien Term Loan, (1 mo. LIBOR + 3.50%), 5.58%, 08/05/24			999		1,001,768
Infiltrator Systems, Inc., 2017 1st Lien Term Loan B, (3 mo. LIBOR + 3.00%, 1.00% Floor), 5.33%, 05/27/22			1,197		1,201,422
Rexnord LLC, 2017 Term Loan B, (3 mo. LIBOR + 2.25%), 4.31%, 08/21/24			665		666,234
Tecomet, Inc., 2017 Repriced Term Loan, (PRIME + 2.50%), 5.60%, 05/01/24			1,195		1,199,806


12

Schedule of Investments (unaudited) (continued)

July 31, 2018

BlackRock Floating Rate Income Trust (BGT)

(Percentages shown are based on Net Assets)


Security		Par (000)		Value
Machinery (continued)
Titan Acquisition Ltd., 2018 Term Loan B, (1 mo. LIBOR + 3.00%), 5.08%, 03/28/25	USD		1,601	$	1,572,800

					7,853,629
Media — 11.3%
Altice Financing SA :
2017 1st Lien Term Loan, (1 mo. LIBOR + 2.75%), 4.82%, 01/31/26			428		415,460
2017 Term Loan B, (1 mo. LIBOR + 2.75%), 4.82%, 07/15/25			166		161,441
Altice France SA, 2018 Term Loan B13, 07/13/26⁽ⁱ⁾			2,800		2,736,552
Altice US Finance I Corp., 2017 Term Loan, (1 mo. LIBOR + 2.25%), 4.33%, 07/28/25			2,274		2,262,233
Charter Communications Operating LLC
2017 Term Loan A2, (1 mo. LIBOR + 1.50%), 3.58%, 03/31/23			1,729		1,726,375
2017 Term Loan B, (1 mo. LIBOR + 2.00%), 4.08%, 04/30/25			2,100		2,100,381
CSC Holdings LLC :
2017 1st Lien Term Loan, (1 mo. LIBOR + 2.25%), 4.32%, 07/17/25			2,151		2,137,371
2018 Term Loan B, (1 mo. LIBOR + 2.50%), 4.57%, 01/25/26			1,042		1,040,647
Getty Images, Inc., Term Loan B, (1 mo. LIBOR + 3.50%), 5.57%, 10/18/19			251		245,803
Gray Television, Inc., 2017 Term Loan B, (1 mo. LIBOR + 2.25%), 4.34%, 02/07/24			371		370,656
Hubbard Radio LLC, 2015 Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 5.08%, 03/28/25			141		140,910
iHeartCommunications, Inc.^(a)(g):
Extended Term Loan E, 0.00%, 07/30/19			315		243,249
Term Loan D, 0.00%, 01/30/19			2,569		1,991,450
Intelsat Jackson Holdings SA, 2017 Term Loan B4, (1 mo. LIBOR + 4.50%, 1.00% Floor), 6.58%, 01/02/24			1,123		1,175,332
Kingpin Intermediate Holdings LLC, 2018 Term Loan B, (1 mo. LIBOR + 3.50%, 1.00% Floor), 5.58%, 07/03/24			1,010		1,012,624
Learfield Communications LLC :
2016 1st Lien Term Loan, (1 mo. LIBOR + 3.25%, 1.00% Floor), 5.33%, 12/01/23			1,156		1,159,930


Security		Par (000)		Value
Media (continued)
Learfield Communications LLC (continued):
2017 1st Lien Term Loan, 12/01/23^(b)(i)	USD		387	$	388,289
Lions Gate Capital Holdings LLC, 2018 Term Loan B, (3 mo. LIBOR + 2.25%), 4.31%, 03/24/25^(b)			748		749,870
Live Nation Entertainment, Inc., Term Loan B3, (1 mo. LIBOR + 1.75%), 3.88%, 10/31/23			291		290,569
MCC Iowa LLC, Term Loan N, (1 Week LIBOR + 1.75%), 3.70%, 02/15/24			491		488,977
Meredith Corp., Term Loan B, (1 mo. LIBOR + 3.00%), 5.08%, 01/31/25			761		762,889
MH Sub I LLC, 2017 1st Lien Term Loan, (1 mo. LIBOR + 3.75%), 5.83%, 09/13/24			517		518,501
Mission Broadcasting, Inc., 2017 Term Loan B2, (1 mo. LIBOR + 2.50%), 4.59%, 01/17/24			102		102,268
Nexstar Broadcasting, Inc., 2017 Term Loan B2, (1 mo. LIBOR + 2.50%), 4.59%, 01/17/24			767		767,141
Numericable Group SA, Term Loan B12, (1 mo. LIBOR + 3.00%), 5.07%, 01/31/26			335		324,311
PSAV Holdings LLC, 2018 1st Lien Term Loan, (2 mo. LIBOR + 3.25%, 1.00% Floor), 5.43%, 03/01/25			633		627,513
Radiate Holdco LLC, 1st Lien Term Loan, (1 mo. LIBOR + 3.00%), 5.08%, 02/01/24			627		621,030
Sinclair Television Group, Inc. :
2017 Term Loan B, 12/12/24⁽ⁱ⁾			755		752,924
Term Loan B2, (1 mo. LIBOR + 2.25%), 4.33%, 01/03/24			624		623,752
Trader Corp., 2017 Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 5.07%, 09/28/23			1,859		1,861,420
Tribune Media Co., Term Loan C, (1 mo. LIBOR + 3.00%), 5.08%, 01/27/24			2,255		2,252,046
Unitymedia Finance LLC, Term Loan B, (1 mo. LIBOR + 2.25%), 4.32%, 09/30/25			1,245		1,241,502
Unitymedia Hessen GmbH & Co. KG, 2018 Term Loan E, (1 mo. LIBOR + 2.00%), 4.07%, 06/01/23			819		815,989
Univision Communications, Inc., Term Loan C5, (1 mo. LIBOR + 2.75%, 1.00% Floor), 4.83%, 03/15/24			730		708,555


			13

Schedule of Investments (unaudited) (continued)

July 31, 2018

BlackRock Floating Rate Income Trust (BGT)

(Percentages shown are based on Net Assets)


Security		Par (000)		Value
Media (continued)
Virgin Media Bristol LLC, 2017 Term Loan, (1 mo. LIBOR + 2.50%), 4.57%, 01/15/26	USD		2,416	$	2,412,714
William Morris Endeavor Entertainment LLC, 2018 1st Lien Term Loan, (2 mo. LIBOR + 2.75%), 4.93%, 05/18/25			1,538		1,531,080
Ziggo Secured Finance Partnership, Term Loan E, (1 mo. LIBOR + 2.50%), 4.57%, 04/15/25			1,646		1,635,520

					38,397,274
Metals & Mining — 0.4%
AMG Advanced Metallurgical Group NV, 2018 Term Loan B, (1 mo. LIBOR + 3.00%), 5.08%, 01/29/25			746		745,937
Ball Metalpack LLC, 2018 1st Lien Term Loan B, 07/24/25⁽ⁱ⁾			440		441,927
Preferred Proppants LLC, Term Loan B2, (3 mo. LIBOR + 7.75%), 10.08%, 07/27/20			135		124,878

					1,312,742
Multiline Retail — 0.7%
Eyemart Express LLC, 2017 Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 5.13%, 08/04/24			600		600,841
Hudson’s Bay Co., 2015 Term Loan B, (2 mo. LIBOR + 3.25%, 1.00% Floor), 5.42%, 09/30/22			1,361		1,282,810
Neiman Marcus Group, Inc., 2020 Term Loan, (1 mo. LIBOR + 3.25%, 1.00% Floor), 5.34%, 10/25/20			745		656,693

					2,540,344
Oil & Gas Equipment & Services — 0.5%
Kestrel Acquisition LLC/Hunterstown Generation Facility, 2018 Term Loan B, (1 mo. LIBOR + 4.25%, 1.00% Floor), 6.33%, 05/01/25			750		755,392
McDermott Technology Americas, Inc., 2018 1st Lien Term Loan, (1 mo. LIBOR + 5.00%, 1.00% Floor), 7.08%, 05/10/25			810		814,425

					1,569,817
Oil, Gas & Consumable Fuels — 4.5%
BCP Raptor LLC, Term Loan B, (2 mo. LIBOR + 4.25%, 1.00% Floor), 6.42%, 06/24/24			1,749		1,672,521
Brazos Delaware II LLC, Term Loan B, (1 mo. LIBOR + 4.00%), 6.09%, 05/21/25			724		711,634


Security		Par (000)		Value
Oil, Gas & Consumable Fuels (continued)
California Resources Corp. :
2017 1st Lien Term Loan, (1 mo. LIBOR + 4.75%), 6.83%, 12/31/22	USD		1,492	$	1,515,618
Second Out Term Loan, (3 mo. LIBOR + 10.37%, 1.00% Floor), 12.44%, 12/31/21			1,327		1,463,540
Chesapeake Energy Corp., Term Loan, (1 mo. LIBOR + 7.50%, 1.00% Floor), 9.58%, 08/23/21			1,642		1,715,100
CONSOL Energy, Inc. :
1st Lien Term Loan A, (1 Week LIBOR + 4.50%), 6.66%, 11/26/21^(b)			181		180,462
1st Lien Term Loan B, (3 mo. LIBOR + 6.00%, 1.00% Floor), 8.32%, 10/26/22			1,052		1,075,372
EG Group Ltd., 2018 Term Loan B, (3 mo. LIBOR + 4.00%), 6.27%, 02/06/25			494		491,605
EWT Holdings III Corp., 2017 Repriced Term Loan, (1 mo. LIBOR + 3.00%), 5.08%, 12/20/24			891		891,778
GIP III Stetson I, L.P, 2018 Term Loan B, 07/19/25⁽ⁱ⁾			566		568,123
Keane Group Holdings LLC, 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.75%, 1.00% Floor), 5.88%, 05/25/25^(b)			701		693,964
Lucid Energy Group II LLC, 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.00%, 1.00% Floor), 5.08%, 02/17/25^(b)			1,037		1,004,981
Medallion Midland Acquisition LLC, 1st Lien Term Loan, (1 mo. LIBOR + 3.25%, 1.00% Floor), 5.33%, 10/30/24			958		941,714
MEG Energy Corp., 2017 Term Loan B, (1 mo. LIBOR + 3.50%, 1.00% Floor), 5.58%, 12/31/23			264		264,172
Ultra Resources, Inc., 1st Lien Term Loan, (1 mo. LIBOR + 3.00%, 1.00% Floor), 5.08%, 04/12/24			375		341,729
Vine Oil & Gas LP, Term Loan B, (1 mo. LIBOR + 6.87%, 1.00% Floor), 8.95%, 12/12/21^(b)			740		740,000


14

Schedule of Investments (unaudited) (continued)

July 31, 2018

BlackRock Floating Rate Income Trust (BGT)

(Percentages shown are based on Net Assets)


Security		Par (000)		Value
Oil, Gas & Consumable Fuels (continued)
Woodford Express LLC, 2018 Term Loan B, (1 mo. LIBOR + 5.00%, 1.00% Floor), 7.08%, 01/17/25	USD		923	$	900,202

					15,172,515
Personal Products — 1.1%
Clover Merger Sub, Inc. :
2017 1st Lien Term Loan, (1 mo. LIBOR + 3.50%), 5.58%, 09/26/24			2,352		2,204,223
2017 2nd Lien Term Loan, (1 mo. LIBOR + 7.75%, 1.00% Floor), 9.83%, 09/26/25			1,075		903,892
Prestige Brands, Inc., Term Loan B4, (1 mo. LIBOR + 2.00%), 4.08%, 01/26/24			639		639,356

					3,747,471
Pharmaceuticals — 3.6%
Akorn, Inc., Term Loan B, (1 mo. LIBOR + 4.75%, 1.00% Floor), 6.88%, 04/16/21			786		770,414
Amneal Pharmaceuticals LLC, 2018 Term Loan B, (1 mo. LIBOR + 3.50%), 5.63%, 05/04/25			2,120		2,134,092
Endo Luxembourg Finance Company I Sarl, 2017 Term Loan B, (1 mo. LIBOR + 4.25%), 6.38%, 04/29/24			1,325		1,325,444
Grifols Worldwide Operations USA, Inc., 2017 Acquisition Term Loan, (1 Week LIBOR + 2.25%), 4.20%, 01/31/25			2,486		2,492,800
Jaguar Holding Co. II, 2018 Term Loan, (1 mo. LIBOR + 2.50%, 1.00% Floor), 4.58%, 08/18/22			2,377		2,377,413
Valeant Pharmaceuticals International, Inc., 2018 Term Loan B, (1 mo. LIBOR + 3.00%), 5.09%, 06/01/25			3,331		3,334,387

					12,434,550
Professional Services — 1.0%
Cast and Crew Payroll LLC, 2017 1st Lien Term Loan B, (1 mo. LIBOR + 2.75%), 4.83%, 09/27/24			1,497		1,488,665
Information Resources, Inc., 1st Lien Term Loan, (3 mo. LIBOR + 4.25%, 1.00% Floor), 6.57%, 01/18/24			474		476,076
ON Assignment, Inc., 2018 Term Loan B, (1 mo. LIBOR + 2.00%), 4.08%, 04/02/25			721		720,593
SIRVA Worldwide, Inc., 2016 Term Loan, (3 mo. LIBOR + 6.50%, 1.00% Floor), 8.77%, 11/14/22^(b)			443		442,240


Security		Par (000)		Value
Professional Services (continued)
Sterling Infosystems, Inc., 1st Lien Term Loan, (1 mo. LIBOR + 3.50%, 1.00% Floor), 5.58%, 06/20/22^(b)	USD		257	$	256,206

					3,383,780
Real Estate Management & Development — 1.4%
CityCenter Holdings LLC, 2017 Term Loan B, (1 mo. LIBOR + 2.25%), 4.33%, 04/18/24			2,642		2,644,214
Realogy Corp., 2018 Term Loan B, (1 mo. LIBOR + 2.25%), 4.32%, 02/08/25			1,461		1,461,539
SMG Holdings, Inc., 2017 1st Lien Term Loan, (1 mo. LIBOR + 3.25%), 5.33%, 01/23/25			743		743,441

					4,849,194
Restaurants — 0.3%
KFC Holding Co., 2018 Term Loan B, (1 mo. LIBOR + 1.75%), 3.83%, 04/03/25			884		882,781

Road & Rail — 0.4%
Road Infrastructure Investment LLC, 2016 1st Lien Term Loan, (1 mo. LIBOR + 3.50%, 1.00% Floor), 5.58%, 06/13/23			757		755,262
SIRVA Worldwide, Inc., 2018 1st Lien Term Loan, 07/20/25⁽ⁱ⁾			700		689,500

					1,444,762
Semiconductors & Semiconductor Equipment — 0.8%
MaxLinear, Inc., Term Loan B, (1 mo. LIBOR + 2.50%), 4.57%, 05/12/24^(b)			195		195,271
Microchip Technology Inc., 2018 Term Loan B, (1 mo. LIBOR + 2.00%), 4.08%, 05/29/25			1,660		1,663,320
ON Semiconductor Corp., 2018 1st Lien Term Loan B, (1 mo. LIBOR + 1.75%), 3.83%, 03/31/23			319		319,608
Versum Materials, Inc., Term Loan, (3 mo. LIBOR + 2.00%), 4.33%, 09/29/23			580		580,220

					2,758,419
Software — 14.4%
Almonde, Inc., 1st Lien Term Loan, (3 mo. LIBOR + 3.50%, 1.00% Floor), 5.81%, 06/13/24			1,221		1,203,416
Applied Systems, Inc.,:
2017 1st Lien Term Loan, (3 mo. LIBOR + 3.00%), 5.33%, 09/19/24			1,276		1,279,941


			15

Schedule of Investments (unaudited) (continued)

July 31, 2018

BlackRock Floating Rate Income Trust (BGT)

(Percentages shown are based on Net Assets)


Security		Par (000)		Value
Software (continued)
Applied Systems, Inc., (continued):
2017 2nd Lien Term Loan, (3 mo. LIBOR + 7.00%), 9.33%, 09/19/25	USD		302	$	310,359
Aptean, Inc., 2017 1st Lien Term Loan, (3 mo. LIBOR + 4.25%, 1.00% Floor), 6.59%, 12/20/22			672		671,218
Barracuda Networks, Inc., 1st Lien Term Loan, (1 mo. LIBOR + 3.25%, 1.00% Floor), 5.32%, 02/12/25			595		595,000
BMC Software Finance, Inc. :
2017 1st Lien Term Loan, (1 mo. LIBOR + 3.25%), 5.33%, 09/10/22			749		748,759
2018 Term Loan B, 06/26/25⁽ⁱ⁾			2,510		2,507,716
Cypress Intermediate Holdings III, Inc.:
2017 1st Lien Term Loan, (1 mo. LIBOR + 3.00%), 5.08%, 04/27/24			560		559,069
2017 2nd Lien Term Loan, (1 mo. LIBOR + 6.75%), 8.83%, 04/27/25			496		498,892
Dell, Inc., 2017 1st Lien Term Loan, (1 mo. LIBOR + 2.00%), 4.08%, 09/07/23			1,527		1,527,393
Digicel International Finance Ltd., 2017 Term Loan B, (1 mo. LIBOR + 3.25%), 5.33%, 05/28/24			1,016		973,920
DTI Holdco, Inc., 2018 Term Loan B, (1 mo. LIBOR + 4.75%, 1.00% Floor), 6.83%, 09/30/23			885		880,550
Flexera Software LLC, 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.25%, 1.00% Floor), 5.33%, 02/26/25			379		378,576
Help/Systems Holdings, Inc, 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.75%), 5.83%, 03/28/25			725		723,789
Hyland Software, Inc. :
2017 1st Lien Term Loan, (1 mo. LIBOR + 3.25%), 5.33%, 07/01/22			937		939,366
2017 2nd Lien Term Loan, (1 mo. LIBOR + 7.00%), 9.08%, 07/07/25			415		419,494
Infor (US), Inc., Term Loan B6, (1 mo. LIBOR + 2.75%, 1.00% Floor), 4.83%, 02/01/22			2,246		2,248,546


Security		Par (000)		Value
Software (continued)
Informatica Corp., 2018 Term Loan, (1 mo. LIBOR + 3.25%), 5.33%, 08/05/22	USD		1,722	$	1,728,586
IQOR US, Inc., Term Loan B, (3 mo. LIBOR + 5.00%, 1.00% Floor), 7.34%, 04/01/21			787		780,552
Kronos, Inc.,:
2017 Term Loan B, (3 mo. LIBOR + 3.00%), 5.36%, 11/01/23			2,800		2,806,378
2nd Lien Term Loan, (3 mo. LIBOR + 8.25%), 10.61%, 11/01/24			1,045		1,077,008
MA FinanceCo. LLC, Term Loan B3, (1 mo. LIBOR + 2.50%), 4.58%, 06/21/24			97		96,413
McAfee LLC, 2017 Term Loan B, (1 mo. LIBOR + 4.50%, 1.00% Floor), 6.57%, 09/30/24			1,764		1,774,871
Mitchell International, Inc. :
2017 1st Lien Term Loan, (1 mo. LIBOR + 3.25%), 5.33%, 11/29/24			2,431		2,422,297
2017 2nd Lien Term Loan, (1 mo. LIBOR + 7.25%), 9.33%, 11/20/25			785		785,330
2017 Delayed Draw Term Loan, (1 mo. LIBOR + 3.25%), 5.33%, 11/29/24			196		195,447
PowerSchool, 2018 Term Loan B, 05/30/25⁽ⁱ⁾			619		616,679
Project Alpha Intermediate Holding, Inc., 2017 Term Loan B, (6 mo. LIBOR + 3.50%, 1.00% Floor), 5.99%, 04/26/24			1,242		1,235,381
Project Leopard Holdings, Inc., 2018 Term Loan, (1 mo. LIBOR + 4.00%, 1.00% Floor), 6.08%, 07/07/23			531		532,322
Renaissance Learning, Inc., 2018 Add On Term Loan, (3 mo. LIBOR + 3.25%), 5.58%, 05/30/25			435		433,621
SolarWinds Holdings, Inc., 2018 Term Loan B, (1 mo. LIBOR + 3.00%), 5.08%, 02/05/24			2,781		2,789,896
Solera LLC, Term Loan B, (1 mo. LIBOR + 2.75%), 4.83%, 03/03/23			2,433		2,434,674
SonicWALL, Inc., 1st Lien Term Loan, (3 mo. LIBOR + 3.50%), 5.83%, 05/16/25^(b)			350		348,250
Sophia LP, 2017 Term Loan B, (3 mo. LIBOR + 3.25%, 1.00% Floor), 5.58%, 09/30/22			2,716		2,718,215


16

Schedule of Investments (unaudited) (continued)

July 31, 2018

BlackRock Floating Rate Income Trust (BGT)

(Percentages shown are based on Net Assets)


Security		Par (000)		Value
Software (continued)
SS&C Technologies Holdings Europe SARL, 2018 Term Loan B4, (1 mo. LIBOR + 2.50%), 4.58%, 04/16/25	USD		1,199	$	1,202,466
SS&C Technologies, Inc.,
2018 Term Loan B3, (1 mo. LIBOR + 2.50%), 4.58%, 04/16/25			3,127		3,135,072
2017 Term Loan B1, (1 mo. LIBOR + 2.25%), 4.33%, 07/08/22			1,870		1,875,761
Tempo Acquisition LLC, Term Loan, (1 mo. LIBOR + 3.00%), 5.08%, 05/01/24			2,029		2,030,596
Tibco Software, Inc., Repriced Term Loan B, (3 mo. LIBOR + 3.50%, 1.00% Floor), 5.58%, 12/04/20			1,476		1,478,774

					48,964,593
Specialty Retail — 2.3%
Academy Ltd., 2015 Term Loan B, (1 mo. LIBOR + 4.00%, 1.00% Floor), 6.09%, 07/01/22			849		700,518
Belron Finance US LLC, Term Loan B, (3 mo. LIBOR + 2.50%), 4.86%, 11/07/24^(b)			1,503		1,506,206
CD&R Firefly Bidco Ltd., 2018 Term Loan B1, (LIBOR - GBP + 4.50%), 5.18%, 05/09/25	GBP		1,000		1,293,518
Leslie’s Poolmart, Inc., 2016 Term Loan, (1 mo. LIBOR + 3.50%, 1.00% Floor), 5.58%, 08/16/23	USD		757		755,995
Michaels Stores, Inc., 2018 Term Loan B, (1 mo. LIBOR + 2.50%, 1.00% Floor), 4.57%, 01/28/23			416		414,936
National Vision, Inc., 2017 Repriced Term Loan, (1 mo. LIBOR + 2.75%), 4.83%, 11/20/24			238		238,256
Party City Holdings, Inc., 2018 Term Loan B, (3 mo. LIBOR + 2.75%), 5.62%, 08/19/22			544		543,832
Petco Animal Supplies, Inc., 2017 Term Loan B, (3 mo. LIBOR + 3.25%, 1.00% Floor), 5.59%, 01/26/23			528		378,609
Research Now Group, Inc., 2017 1st Lien Term Loan, (3 mo. LIBOR + 5.50%, 1.00% Floor), 7.86%, 12/20/24			776		769,798
Staples, Inc., 2017 Term Loan B, (3 mo. LIBOR + 4.00%, 1.00% Floor), 6.36%, 09/12/24			517		512,176


Security		Par (000)		Value
Specialty Retail (continued)
TruGreen LP, 2017 Term Loan, (1 mo. LIBOR + 4.00%, 1.00% Floor), 6.08%, 04/13/23	USD		708	$	711,889

					7,825,733
Technology Hardware, Storage & Peripherals — 0.9%
Seattle Spinco, Inc., Term Loan B3, (1 mo. LIBOR + 2.50%), 4.58%, 06/21/24			655		651,102
Western Digital Corp., 2018 Term Loan B4, (1 mo. LIBOR + 1.75%), 3.83%, 04/29/23			2,513		2,512,211

					3,163,313
Textiles, Apparel & Luxury Goods — 0.5%
Ascend Performance Materials Operations LLC, Term Loan B, (3 mo. LIBOR + 5.25%, 1.00% Floor), 7.58%, 08/12/22			1,467		1,470,556
Varsity Brands, Inc., 2017 Term Loan B, (1 mo. LIBOR + 3.50%, 1.00% Floor), 5.58%, 12/15/24			328		328,173

					1,798,729
Thrifts & Mortgage Finance — 0.6%
IG Investment Holdings LLC, 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.50%, 1.00% Floor), 5.68%, 05/23/25			1,981		1,986,414

Trading Companies & Distributors — 1.7%
Beacon Roofing Supply, Inc., 2017 Term Loan B, (1 mo. LIBOR + 2.25%), 4.35%, 01/02/25			2,085		2,081,837
HD Supply, Inc. :
Term Loan B3, (1 mo. LIBOR + 2.25%), 4.33%, 08/13/21			1,453		1,460,961
Term Loan B4, (1 mo. LIBOR + 2.50%), 4.58%, 10/17/23			616		619,816
LSF9 Cypress Holdings LLC, 2018 Term Loan B, 05/10/25⁽ⁱ⁾			775		773,551
Nexeo Solutions LLC, 2017 Repriced Term Loan, (3 mo. LIBOR + 3.25%), 5.58%, 06/09/23			152		152,680
Oxbow Carbon LLC, 2017 1st Lien Term Loan B, (1 mo. LIBOR + 3.75%), 5.83%, 01/04/23			170		172,012


			17

Schedule of Investments (unaudited) (continued)

July 31, 2018

BlackRock Floating Rate Income Trust (BGT)

(Percentages shown are based on Net Assets)


Security		Par (000)		Value
Trading Companies & Distributors (continued)
Pro Mach Group, Inc., 2018 Term Loan B, (1 mo. LIBOR + 3.00%), 5.10%, 03/07/25	USD		464	$	460,359

					5,721,216
Transportation — 0.6%
Direct ChassisLink, Inc., 2017 2nd Lien Term Loan, (1 mo. LIBOR + 6.00%), 8.08%, 06/15/23^(b)			430		432,150
Gruden Acquisition, Inc., 2017 Term Loan, (3 mo. LIBOR + 5.50%, 1.00% Floor), 7.83%, 08/18/22			478		479,430
Safe Fleet Acquisition, Corp., 1.00% Floor) :
2018 1st Lien Term Loan, (1 mo. LIBOR + 3.00%), 5.10%, 02/01/25			798		790,020
2018 2nd Lien Term Loan, (1 mo. LIBOR + 6.75%), 8.85%, 02/01/26			325		323,918

					2,025,518
Utilities — 0.1%
ExGen Renewables IV LLC, Term Loan B, (3 mo. LIBOR + 3.00%, 1.00% Floor), 5.31%, 11/28/24^(b)			299		300,983

Wireless Telecommunication Services — 2.4%
Geo Group, Inc. (The), 2018 Term Loan B, (1 mo. LIBOR + 2.00%), 4.08%, 03/22/24			1,229		1,223,153
Ligado Networks LLC, PIK Exit Term Loan (9.75% PIK), 0.00%, 12/07/20			4,212		3,413,383
SBA Senior Finance II LLC, 2018 Term Loan B, (1 mo. LIBOR + 2.00%), 4.08%, 04/11/25			2,641		2,634,017
Xplornet Communications, Inc., Term Loan B, (3 mo. LIBOR + 4.00%, 1.00% Floor), 6.33%, 09/09/21^(b)			818		820,957

					8,091,510

Total Floating Rate Loan Interests — 138.2% (Cost — $472,640,493)					470,510,823


		Par/shares (000)		Value
Other Interests (j) — 0.0%
Afghanistan — 0.0%
Lear Corp. Escrow^(b)	USD		500	$	5

United States — 0.0%
Millennium Corp.^(b)			991		—
Millennium Lender Claims^(b)			930		—

					—

Total Other Interests — 0.0% (Cost — $ 0)					5


Warrants — 0.0%
Chemicals — 0.0%
British Vita Holdings Co. (Non-Expiring)^(b)			166		—

Metals & Mining — 0.0%
AFGlobal Corp. (Expires12/20/20)^(b)			2,642		—

Software — 0.0%
Bankruptcy Management Solutions, Inc. (Expires 07/01/19)^(b)			195		—
Bankruptcy Management Solutions, Inc. (Expires 07/01/20)^(b)			292		—
HMH Holdings/EduMedia (Issued/exercisable 3/09/10, 19 Shares for 1 Warrant, Expires 6/22/19, Strike Price $42.27)^(b)			1,501		—
					—

Total Warrants — 0.0% (Cost — $49,117)					—

Total Long-Term Investments — 147.1% (Cost — $503,883,245)					501,199,340


Short-Term Securities — 0.5%
BlackRock Liquidity Funds, T-Fund, Institutional Class, 1.79%^(k)(l)			1,731,637		1,731,637

Total Short-Term Securities — 0.5% (Cost — $1,731,637)					1,731,637

Options Purchased — 0.0% (Cost — $25,422)					—

Total Investments — 147.6% (Cost — $505,640,304)					502,930,977
Liabilities in Excess of Other Assets — (47.6)%					(162,607,291	)

Net Assets — 100.0%				$	340,323,686

^(a)	Non-income producing security.

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


18

Schedule of Investments (unaudited) (continued)

July 31, 2018

BlackRock Floating Rate Income Trust (BGT)

(Percentages shown are based on Net Assets)

^(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)	Variable rate security. Security may be issued at a fixed coupon rate, which converts to a variable rate at a specified date. Rate shown is the rate in effect as of period end.

^(e)	Variable or floating rate security, which interest rate adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. Rate shown is the rate in effect as of period end.

^(f)	Step-up bond that pays an initial coupon rate for the first period and then a higher coupon rate for the following periods. Rate as of period end.

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

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

^(k)	Annualized 7-day yield as of period end.

^(l)	During the period ended July 31, 2018, investments in issuers considered to be an affiliate of the Trust for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, and/or related parties of the Fund were as follows:


Affiliated Persons and/or Related Parties	Shares Held at 10/31/17		Shares Purchased		Shares Sold			Shares Held at 07/31/18		Value at 07/31/18		Income		Net Realized Gain (Loss)^(a)			Change in Unrealized Appreciation (Depreciation)
BlackRock Liquidity Funds, T-Fund, Institutional Class		1,895,053		—		(163,416	)^(b)		1,731,637	$	1,731,637	$	24,272	$	8		$	—
iShares iBoxx USD High Yield Corporate Bond ETF		19,000		70,000		(89,000	)		—	$	—	$	60,813	$	(42,986	)	$	(1,767	)

										$	1,731,637	$	85,085	$	(42,978	)	$	(1,767	)

^(a)

Includes net capital gain distributions, if applicable.

^(b)

Represents net shares sold.


Portfolio Abbreviations

CLO		Collateralized Loan Obligation
CR		Custodian Receipt
ETF		Exchange-Traded Fund
GBP		British Pound
EUR		Euro
LIBOR		London Interbank Offered Rate
MTN		Medium-Term Note
OTC		Over-the-Counter
PIK		Payment-In-Kind
USD		United States Dollar

Derivative Financial Instruments Outstanding as of Period End

Forward Foreign Currency Exchange Contracts


Currency Purchased		Currency Sold		Counterparty	Settlement Date		Unrealized Appreciation (Depreciation)
GBP	1,605,000	USD	2,106,402	The Toronto-Dominion Bank		08/06/18	$	579
USD	808,124	GBP	614,000	State Street Bank and Trust Co.		08/06/18		2,089
USD	1,322,774	GBP	995,000	State Street Bank and Trust Co.		08/06/18		16,577
USD	1,155,240	EUR	984,000	State Street Bank and Trust Co.		09/06/18		1,688

								20,933

USD	2,109,052	GBP	1,605,000	The Toronto-Dominion Bank		09/06/18		(583	)

							$	20,350


			19

Schedule of Investments (unaudited) (continued)

July 31, 2018

BlackRock Floating Rate Income Trust (BGT)

OTC Options Purchased

Description

Counterparty

Number
of
Contracts

Expiration
Date

Exercise
Price

Notional
Amount (000)

Value

Call

Marsico Parent Superholdco LLC

Goldman Sachs & Co.

12/14/19

USD

942.86

USD

—

Fair Value Hierarchy as of Period End

Various inputs are used in determining the fair value of investments and derivative 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 Trust’s own assumptions used in determining the fair value of investments and derivative financial instruments)

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the BlackRock Global Valuation Methodologies Committee (the “Global Valuation Committee”) in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. Level 3 investments may also be adjusted to reflect illiquidity and/or non-transferability, with the amount of such discount estimated by the Global Valuation Committee in the absence of market information.

Changes in valuation techniques may result in transfers into or out of an assigned level within the hierarchy. In accordance with the Trust’s policy, transfers between different levels of the fair value hierarchy are deemed to have occurred as of the beginning of the reporting period. The categorization of a value determined for investments and derivative financial instruments is based on the pricing transparency of the investments and derivative financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Trust’s policy regarding valuation of investments and derivative financial instruments, refer to the Trust’s most recent financial statements as contained in its semi annual report.

As of July 31, 2018, the following tables summarize the Trust’s investments and derivative financial instruments categorized in the disclosure hierarchy:


	Level 1		Level 2		Level 3		Total
Assets:
Investments:
Long-Term Investments:
Asset-Backed Securities	$	—	$	9,170,405	$	2,497,700	$	11,668,105
Common Stocks		131,894		168,269		358,558		658,721
Corporate Bonds		—		18,361,686		—		18,361,686
Floating Rate Loan Interests		—		450,280,420		20,230,403		470,510,823
Other Interests		—		—		5		5
Short-Term Securities		1,731,637		—		—		1,731,637


20

Schedule of Investments (unaudited) (continued)

July 31, 2018

BlackRock Floating Rate Income Trust (BGT)


	Level 1		Level 2			Level 3		Total
Options Purchased:
Interest Rate Contracts		—		—			—		—
Unfunded Floating Rate Loan Interests ^(a)	$	—	$	(1,812	)	$	—	$	(1,812	)

	$	1,863,531	$	477,978,968		$	23,086,666	$	502,929,165

Derivative Financial Instruments^(b)
Assets:
Forward foreign currency contracts	$	—	$	20,933		$	—	$	20,933
Liabilities:
Forward foreign currency contracts		—		(583	)		—		(583	)

	$	—	$	20,350		$		$	20,350

^(a)

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

^(b)

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

During the period ended July 31, 2018, there were no transfers between Level 1 and Level 2.

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


	Asset- Backed Securities			Common Stocks		Corporate Bonds			Floating Rate Loan Interests			Rights			Other Interests		Warrants			Total
Assets:
Opening balance, as of October 31, 2017	$	—		$	6	$	—		$	17,889,778		$	27,272		$	5	$	45		$	17,917,106
Transfers into Level 3^(a)		—			—					3,961,532			—			—		—			3,961,532
Transfers out of Level 3^(b)		—			—					(5,187,437	)		—					—			(5,187,437	)
Accrued discounts/premiums		—			—		66,849			43,600			—			—		—			110,449
Net realized gain (loss)		—			—					(411,680	)		18,947			—		(937	)		(393,670	)
Net change in unrealized appreciation (depreciation)^(c)(d)		(1,450	)		30,945		(66,849	)		325,184			(27,272	)		—		892			261,450
Purchases		2,499,150			327,607					15,646,411			—			—		—			18,473,168
Sales		—			—					(12,036,985	)		(18,947	)		—		—			(12,055,932	)

Closing Balance, as of July 31, 2018	$	2,497,700		$	358,558	$	—		$	20,230,403		$	—		$	5	$	—		$	23,086,666

Net change in unrealized appreciation (depreciation) on investments still held at July 31, 2018^(d)	$	(1,450	)	$	30,951	$	(66,849	)	$	10,632		$	—		$	—	$	(45	)	$	(26,761	)

^(a)

As of October 31, 2017, the Trust used observable inputs in determining the value of certain investments. As of July 31, 2018, the Trust used significant unobservable inputs in determining the value of the same investments. As a result, investments at beginning of period value were transferred from Level 2 to Level 3 in the disclosure hierarchy.

^(b)

As of October 31, 2017, the Trust used significant unobservable inputs in determining the value of certain investments. As of July 31, 2018, 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)

Included in the related net change in unrealized appreciation (depreciation) in the Statements of Operations.

^(d)

Any difference between net change in unrealized appreciation (depreciation) on investments still held at July 31, 2018 is generally due to investments no longer held or categorized as Level 3 at period end.


			21

Item 2 – Controls and Procedures

2(a) –

The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”)) are effective as of a date within 90 days of the filing of this report based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act and Rule 13a-15(b) under the Securities Exchange Act of 1934, as amended.

2(b) –

There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 3 – Exhibits

Certifications – Attached hereto

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


BlackRock Floating Rate Income Trust

By:		/s/ John M. Perlowski
		John M. Perlowski
		Chief Executive Officer (principal executive officer) of
		BlackRock Floating Rate Income Trust

Date: September 20, 2018

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.


By:		/s/ John M. Perlowski
		John M. Perlowski
		Chief Executive Officer (principal executive officer) of
		BlackRock Floating Rate Income Trust

Date: September 20, 2018


By:		/s/ Neal J. Andrews
		Neal J. Andrews
		Chief Financial Officer (principal financial officer) of
		BlackRock Floating Rate Income Trust

Date: September 20, 2018