March 31, 2026 
2026 Quarterly Report
(Unaudited)
 
BlackRock Floating Rate Income Strategies Fund, Inc. (FRA)
 
Not FDIC Insured • May Lose Value • No Bank Guarantee
Schedule of Investments (unaudited)
March 31, 2026
BlackRock Floating Rate Income Strategies Fund, Inc. (FRA)
(Percentages shown are based on Net Assets)
 
Security
 
Par
(000)
Value
Asset-Backed Securities
Bryant Park Funding Ltd., Series 2024-23A, Class D1,
(3-mo. CME Term SOFR + 3.85%), 7.50%,
05/15/37(a)(b)
$
1,000
$ 997,234
Golub Capital Partners CLO Ltd., Series 2024-74A,
Class D1, (3-mo. CME Term SOFR + 3.20%), 6.87%,
07/25/37(a)(b)
 
1,000
980,556
Madison Park Funding LXIX Ltd., Series 2024-69A,
Class D1, (3-mo. CME Term SOFR + 3.35%), 7.02%,
07/25/37(a)(b)
 
1,000
982,643
Oaktree CLO Ltd., Series 2024-26A, Class D1, (3-mo.
CME Term SOFR + 3.45%), 7.12%, 04/20/37(a)(b)
 
1,670
1,671,474
Sycamore Tree CLO Ltd., Series 2023-3A, Class D1R,
(3-mo. CME Term SOFR + 4.25%), 7.92%,
04/20/37(a)(b)
 
1,000
987,064
Symphony CLO Ltd., Series 2023-40A, Class D1R, (3-mo.
CME Term SOFR + 2.65%), 6.32%, 01/05/38(a)(b)
 
1,000
991,171
Total Asset-Backed Securities — 1.6%
(Cost: $6,670,000)
6,610,142
 
 
 
 
Shares
 
Common Stocks
Entertainment — 0.1%
Learfield Communications LLC, (Acquired 09/06/23, Cost:
$27,351)(c)(d)(e)
 
2,177
243,824
Financial Services — 0.1%
Aimbridge Acquisition Co., Inc.(c)(d)
 
5,330
239,846
Ground Transportation — 0.0%
Sirva BGRS Holdings, Inc.(d)
 
1,472
939
Hotels, Restaurants & Leisure — 0.0%
Fortrex Equity(c)(d)
 
6,425
186,325
Industrial Conglomerates — 0.0%
SVP Singer(d)
 
17,689
79,600
IT Services — 0.1%
Travelport LLC(c)(d)
 
269
276,987
Machinery — 0.1%
United Site Services, Inc.(c)(d)
 
28,659
207,778
Semiconductors & Semiconductor Equipment — 0.0%
Maxeon Solar Technologies Ltd.(d)
 
2
3
Trading Companies & Distributors — 0.0%
TMK Hawk Midco Corp.(c)(d)
 
23,534
164,741
Transportation Infrastructure — 0.0%
Incora Top Holdco LLC(c)(d)
 
14,432
81,541
Security
 
 
Shares
Value
Wireless Telecommunication Services — 0.0%
Altice France Lux 3(d)
 
10,219
$      170,088
Total Common Stocks — 0.4%
(Cost: $3,317,536)
1,651,672
 
 
 
Par
(000)
 
Corporate Bonds
Chemicals(b) — 0.1%
Illuminate Buyer LLC/Illuminate Holdings IV, Inc., 9.00%,
07/01/28
$
11
11,009
WR Grace Holdings LLC, 5.63%, 08/15/29
 
388
356,851
 
 
367,860
Construction & Engineering — 0.1%
Brand Industrial Services, Inc., 10.38%, 08/01/30(b)
 
249
227,564
Diversified Telecommunication Services(b)(f) — 0.1%
Ligado Networks LLC, (15.50% PIK), 15.50%,
11/01/23(d)(g)
 
396
126,595
Zayo Group Holdings, Inc.
 
(5.75% Cash and 0.50% PIK), 9.25%, 03/09/30
 
43
42,523
(7.13% Cash and 1.88% PIK), 13.75%, 09/09/30
 
204
190,980
 
 
360,098
Electric Utilities — 0.0%
Texas Competitive Electric Holdings Co. LLC, 5.03%,
11/10/21(c)(d)(g)
 
1,710
—
Entertainment — 0.2%
Odeon Finco PLC, 12.75%, 11/01/27(b)
 
607
624,803
Food Products — 0.1%
Chobani Holdco II LLC, (8.75% in Cash or 9.50% in PIK),
8.75%, 10/01/29(b)(f)
 
483
514,406
Hotels, Restaurants & Leisure — 0.1%
Fertitta Entertainment LLC/Fertitta Entertainment Finance
Co., Inc., 6.75%, 01/15/30(b)
 
441
411,917
Insurance — 0.1%
Alliant Holdings Intermediate LLC/Alliant Holdings Co-
Issuer, 6.75%, 10/15/27(b)
 
357
356,728
Interactive Media & Services — 1.0%
Beignet Investor LLC, 6.58%, 05/30/49(b)
 
3,969
4,080,752
Internet Software & Services — 0.1%
Getty Images, Inc., 11.25%, 02/21/30(b)
 
400
360,236
Oil, Gas & Consumable Fuels — 0.1%
EG Global Finance PLC, 12.00%, 11/30/28(b)
 
465
497,528
Pharmaceuticals — 0.3%
1261229 B.C. Ltd., 10.00%, 04/15/32(b)
 
1,265
1,295,163
2
Schedule of Investments (unaudited)(continued)
March 31, 2026
BlackRock Floating Rate Income Strategies Fund, Inc. (FRA)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
Software — 0.0%
Central Parent LLC/CDK Global II LLC/CDK Financing Co.,
Inc., 8.00%, 06/15/29(b)
$
191
$ 141,948
Transportation Infrastructure — 0.0%
Incora Top Holdco LLC, 6.00%, 01/31/33(c)(d)(g)
 
303
68,527
Total Corporate Bonds — 2.3%
(Cost: $9,546,274)
9,307,530
Fixed Rate Loan Interests
Distributors — 0.0%
TMK Hawk Parent Corp., 2024 PIK Term Loan, 11.00%,
12/15/31(c)(f)
 
65
—
IT Services — 0.3%
Clover Holdings 2 LLC, Fixed Term Loan B, 7.75%,
12/09/31
 
1,137
1,070,488
Software — 0.2%
Cotiviti, Inc., 2024 Fixed Term Loan B, 7.63%, 05/01/31
 
993
923,549
Total Fixed Rate Loan Interests — 0.5%
(Cost: $2,194,847)
1,994,037
Floating Rate Loan Interests(a)
Advertising Agencies — 0.2%
Outfront Media Capital LLC, 2025 Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 2.00%), 5.68%,
09/24/32
 
651
651,410
Summer BC Holdco B SARL, 2024 USD Term Loan B,
(3-mo. CME Term SOFR at 0.00% Floor + 5.26%),
8.96%, 02/15/29
 
241
204,228
 
 
855,638
Aerospace & Defense — 4.4%
Arcline FM Holdings LLC, 2025 1st Lien Term Loan, (3-mo.
CME Term SOFR at 0.75% Floor + 2.75%), 6.45%,
06/23/30
 
797
797,570
Bleriot U.S. Bidco, Inc., 2023 Term Loan B, (3-mo. CME
Term SOFR at 0.00% Floor + 2.50%), 6.20%, 10/31/30
 
1,203
1,203,690
Cobham Ultra SeniorCo SARL, USD Term Loan B, (6-mo.
CME Term SOFR + 4.18%), 7.79%, 08/03/29
 
817
818,779
Cubic Corp.
 
2025 Second Out Term Loan B, (3-mo. CME Term
SOFR at 0.75% Floor + 4.25%), 8.18%, 05/25/29
 
3,074
610,547
2025 Second Out Term Loan C, (3-mo. CME Term
SOFR at 0.75% Floor + 1.26%), 4.93%, 05/25/29
 
454
90,239
Dynasty Acquisition Co., Inc.
 
2024 1st Lien Term Loan B1, (1-mo. CME Term SOFR
at 0.00% Floor + 2.00%), 5.67%, 10/31/31
 
2,220
2,218,494
2024 1st Lien Term Loan B2, (1-mo. CME Term SOFR
at 0.00% Floor + 2.00%), 5.67%, 10/31/31
 
848
847,049
Kaman Corp.
 
2025 Delayed Draw Term Loan, (3-mo. CME Term
SOFR at 0.50% Floor + 2.50%), 6.20%, 02/26/32
 
11
10,800
2025 Term Loan B, (1-mo. CME Term SOFR at 0.50%
Floor + 2.50%), 6.17%, 02/26/32
 
583
583,274
Peraton Corp., Term Loan B, (3-mo. CME Term SOFR at
0.75% Floor + 3.85%), 7.52%, 02/01/28
 
1,555
1,323,920
Security
 
Par
(000)
Value
Aerospace & Defense (continued)
Propulsion BC Finco SARL, 2025 Repriced Term Loan B,
(3-mo. CME Term SOFR at 0.50% Floor + 2.50%),
6.20%, 12/01/32
$
610
$ 609,352
Setanta Aircraft Leasing DAC, 2024 Term Loan B, (3-mo.
CME Term SOFR at 0.00% Floor + 1.75%), 5.45%,
11/05/28
 
469
470,538
TransDigm, Inc.
 
2023 Term Loan J, (1-mo. CME Term SOFR at 0.00%
Floor + 2.50%), 6.17%, 02/28/31
 
4,355
4,354,751
2024 Term Loan L, (1-mo. CME Term SOFR at 0.00%
Floor + 2.50%), 6.17%, 01/19/32
 
891
891,140
2025 Term Loan K, (1-mo. CME Term SOFR at 0.00%
Floor + 2.25%), 5.92%, 03/22/30
 
116
115,888
2025 Term Loan M, (1-mo. CME Term SOFR at 0.00%
Floor + 2.50%), 6.17%, 08/19/32
 
2,721
2,720,672
2026 Term Loan N, (1-mo. CME Term SOFR at 0.00%
Floor + 2.50%), 6.17%, 02/13/33
 
484
484,092
 
 
18,150,795
Automobile Components — 2.2%
Allison Transmission, Inc., 2025 Incremental Term Loan B,
(1-mo. CME Term SOFR at 0.00% Floor + 1.75%),
5.42%, 01/02/33
 
902
904,255
Clarios Global LP
 
2024 USD Term Loan B, (1-mo. CME Term SOFR +
2.50%), 6.17%, 05/06/30
 
3,289
3,275,667
2025 USD Term Loan B, (1-mo. CME Term SOFR at
0.00% Floor + 2.75%), 6.42%, 01/28/32
 
1,425
1,419,853
Garrett LX I SARL, 2025 USD Term Loan B, (3-mo. CME
Term SOFR at 0.50% Floor + 2.00%), 5.67%, 01/30/32
 
93
92,535
Gates Corp.
 
2022 Term Loan B4, (1-mo. CME Term SOFR + 1.75%),
5.42%, 11/16/29
 
259
257,915
2024 Term Loan B5, (1-mo. CME Term SOFR + 1.75%),
5.42%, 06/04/31
 
1,680
1,677,032
RealTruck Group, Inc.
 
2021 Term Loan B, (3-mo. CME Term SOFR + 4.01%),
7.68%, 01/31/28
 
149
100,162
2023 Incremental Term Loan, (3-mo. CME Term SOFR
+ 5.26%), 8.93%, 01/31/28
 
418
285,477
Tenneco, Inc., 2022 Term Loan B, (3-mo. CME Term SOFR
+ 5.10%), 8.76%, 11/17/28
 
1,178
1,146,465
 
 
9,159,361
Automobiles — 0.4%
Dealer Tire Financial LLC, 2024 Term Loan B4, (1-mo.
CME Term SOFR at 0.00% Floor + 3.00%), 6.67%,
07/02/31
 
1,486
1,478,455
Beverages — 0.5%
Naked Juice LLC
 
2025 FLFO Term Loan, (3-mo. CME Term SOFR at
1.00% Floor + 5.50%), 9.20%, 01/24/29
 
1,276
1,266,120
2025 FLSO Term Loan, (3-mo. CME Term SOFR at
0.50% Floor + 3.35%), 7.05%, 01/24/29
 
440
232,258
Schedule of Investments
3
Schedule of Investments (unaudited)(continued)
March 31, 2026
BlackRock Floating Rate Income Strategies Fund, Inc. (FRA)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
Beverages (continued)
Naked Juice LLC (continued)
 
2025 FLTO Term Loan, (3-mo. CME Term SOFR at
0.50% Floor + 6.00%), 9.80%, 01/24/30
$
553
$ 114,316
Sazerac Co., Inc., Repriced Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 2.00%), 5.67%, 07/09/32
 
421
420,632
 
 
2,033,326
Biotechnology — 0.9%
BioMarin Pharmaceutical, Inc., Term Loan B, 01/28/33(h)
 
722
719,747
Parexel International Corp., 2025 Repriced Term Loan B,
(1-mo. CME Term SOFR at 0.50% Floor + 2.75%),
6.42%, 12/12/31
 
3,057
3,044,271
 
 
3,764,018
Broadline Retail — 0.7%
Boots Group Finco LP, USD Term Loan, (3-mo. CME Term
SOFR at 0.00% Floor + 3.25%), 6.92%, 08/30/32
 
1,084
1,086,993
StubHub Holdco Sub LLC, 2024 Extended Term Loan B,
(1-mo. CME Term SOFR + 4.75%), 8.42%, 03/15/30
 
1,774
1,741,311
 
 
2,828,304
Building Materials — 0.3%
CP Iris HoldCo I, Inc., 2025 Term Loan, (1-mo. CME Term
SOFR at 0.00% Floor + 4.00%), 7.67%, 10/27/32
 
1,248
1,236,102
Building Products — 4.8%
AZZ, Inc., Term Loan B, (1-mo. CME Term SOFR +
1.75%), 5.42%, 05/13/29
 
99
99,153
Chariot Buyer LLC, 2025 Term Loan B, (1-mo. CME Term
SOFR at 0.00% Floor + 2.75%), 6.42%, 09/08/32
 
3,275
3,241,405
CP Atlas Buyer, Inc., 2025 Term Loan, (1-mo. CME Term
SOFR at 0.00% Floor + 5.25%), 8.92%, 07/08/30
 
1,021
935,572
EMRLD Borrower LP
 
2024 Term Loan B, (3-mo. CME Term SOFR at 0.00%
Floor + 2.25%), 5.95%, 08/04/31
 
1,662
1,657,507
Term Loan B, (3-mo. CME Term SOFR at 0.00% Floor +
2.25%), 5.92%, 05/31/30
 
2,925
2,919,995
Gibraltar Industries, Inc., 2026 Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 2.25%), 5.92%,
02/02/33(c)
 
548
545,034
Gulfside Supply, Inc., Term Loan B, (3-mo. CME Term
SOFR at 0.00% Floor + 3.00%), 6.70%, 06/17/31
 
757
689,958
New AMI I LLC, 2022 Term Loan B, (1-mo. CME Term
SOFR at 0.50% Floor + 6.00%), 9.67%, 03/08/29
 
382
313,189
Quikrete Holdings, Inc.
 
2024 Term Loan B2, (1-mo. CME Term SOFR + 2.25%),
5.92%, 03/19/29
 
974
972,354
2025 Term Loan B, (1-mo. CME Term SOFR at 0.00%
Floor + 2.25%), 5.92%, 02/10/32
 
1,650
1,646,204
QXO Building Products, Inc., 2025 Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 2.00%), 5.67%,
04/30/32
 
826
823,952
Standard Industries, Inc., 2021 Term Loan B, (1-mo. CME
Term SOFR + 1.75%), 5.42%, 09/22/28
 
505
504,256
White Cap Supply Holdings LLC, 2024 Term Loan B, (1-
mo. CME Term SOFR at 0.00% Floor + 3.25%), 6.92%,
10/19/29
 
3,244
3,112,622
Wilsonart LLC, 2024 Term Loan B, (3-mo. CME Term
SOFR at 0.00% Floor + 4.25%), 7.95%, 08/05/31
 
2,716
2,355,822
Zurn LLC, 2021 Term Loan B, (1-mo. CME Term SOFR +
2.11%), 5.78%, 10/04/28
 
111
111,339
 
 
19,928,362
Security
 
Par
(000)
Value
Capital Markets — 5.4%
Allspring Buyer LLC, 2024 Term Loan B, (3-mo. CME Term
SOFR at 0.00% Floor + 3.00%), 6.75%, 11/01/30
$
533
$ 532,962
Ardonagh Group Finco Pty. Ltd., 2024 USD Term Loan B,
(6-mo. CME Term SOFR at 0.00% Floor + 2.75%),
6.37%, 02/15/31
 
2,037
1,987,507
Aretec Group, Inc., 2025 Repriced Term Loan, (1-mo. CME
Term SOFR at 0.00% Floor + 3.00%), 6.67%, 08/09/30
 
732
721,832
Ascensus Holdings, Inc., 2024 Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 3.00%), 6.67%, 11/25/32
 
1,115
1,095,833
Axalta Coating Systems U.S. Holdings, Inc., 2024 Term
Loan B7, (3-mo. CME Term SOFR at 0.50% Floor +
1.75%), 5.45%, 12/20/29
 
1,041
1,041,412
BCPE Pequod Buyer, Inc., USD Term Loan B, (3-mo. CME
Term SOFR at 0.00% Floor + 2.75%), 6.42%, 11/25/31
 
1,289
1,248,494
Chicago U.S. Midco III LP, Term Loan, (1-mo. CME Term
SOFR at 0.00% Floor + 2.50%), 6.17%, 11/01/32
 
1,466
1,448,438
Citadel Securities LP, 2024 First Lien Term Loan, (3-mo.
CME Term SOFR at 0.00% Floor + 2.00%), 5.70%,
10/31/31
 
1,693
1,693,911
Edelman Financial Engines Center LLC, 2024 Term Loan,
(1-mo. CME Term SOFR at 0.00% Floor + 3.00%),
6.67%, 04/07/28
 
1,199
1,197,355
Focus Financial Partners LLC, 2025 Incremental Term
Loan B, (1-mo. CME Term SOFR at 0.00% Floor +
2.50%), 6.17%, 09/15/31
 
2,583
2,496,437
GTCR Everest Borrower, LLC, 2026 Term Loan B, (3-mo.
CME Term SOFR at 0.00% Floor + 2.50%), 6.20%,
09/05/31
 
434
430,276
Hudson River Trading LLC, 2026 Repriced Term Loan B,
(1-mo. CME Term SOFR at 0.00% Floor + 2.50%),
6.18%, 03/18/30
 
2,063
2,052,605
Jane Street Group LLC, 2024 Term Loan B1, (3-mo. CME
Term SOFR at 0.00% Floor + 2.00%), 5.67%, 12/15/31
 
3,903
3,827,506
Jupiter Borrower, Inc., Term Loan B, 03/25/33(c)(h)
 
529
527,678
Osaic Holdings, Inc., 2026 Term Loan B, (3-mo. CME Term
SOFR at 0.00% Floor + 2.50%), 6.20%, 07/30/32
 
1,720
1,686,254
 
 
21,988,500
Chemicals — 4.5%
Chemours Co., 2025 USD Term Loan B, (1-mo. CME Term
SOFR at 0.00% Floor + 3.50%), 7.17%, 10/15/32
 
2,056
2,037,846
Derby Buyer LLC, 2024 Repriced Term Loan B, (1-mo.
CME Term SOFR at 0.50% Floor + 3.00%), 6.68%,
11/01/30
 
1,544
1,539,771
Discovery Purchaser Corp., Term Loan, (3-mo. CME Term
SOFR at 0.50% Floor + 3.75%), 7.42%, 10/04/29
 
1,009
990,993
Ecovyst Catalyst Technologies LLC, 2024 Term Loan B,
(3-mo. CME Term SOFR at 0.00% Floor + 2.00%),
5.67%, 06/12/31
 
555
555,097
Element Solutions, Inc., 2026 Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 1.75%), 5.42%, 12/18/30
 
1,960
1,959,806
Fortis 333, Inc., USD Term Loan B, (1-mo. CME Term
SOFR at 0.00% Floor + 3.50%), 7.17%, 03/29/32
 
759
735,547
HB Fuller Co., 2025 Term Loan B, (1-mo. CME Term SOFR
at 0.50% Floor + 1.86%), 5.53%, 02/15/30
 
285
285,550
INEOS U.S. Petrochem LLC, 2024 USD Term Loan B,
(1-mo. CME Term SOFR at 0.00% Floor + 4.25%),
7.92%, 10/07/31
 
272
191,013
Lonza Group AG, USD Term Loan B, (3-mo. CME Term
SOFR at 0.75% Floor + 4.03%), 7.72%, 07/03/28
 
1,062
924,754
4
Schedule of Investments (unaudited)(continued)
March 31, 2026
BlackRock Floating Rate Income Strategies Fund, Inc. (FRA)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
Chemicals (continued)
Minerals Technologies, Inc., 2024 Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 2.00%), 5.67%,
11/26/31(c)
$
714
$ 714,686
Olympus Water U.S. Holding Corp.
 
2024 USD Term Loan, (3-mo. CME Term SOFR at
0.50% Floor + 3.00%), 6.70%, 06/20/31
 
1,994
1,911,037
2025 USD Term Loan B, (3-mo. CME Term SOFR at
0.00% Floor + 3.25%), 6.95%, 11/03/32
 
1,437
1,381,928
Oxea Corp., 2017 USD Term Loan B2, (3-mo. CME Term
SOFR at 0.00% Floor + 4.85%), 8.50%, 04/08/31
 
1,601
1,096,766
Paint Intermediate III LLC, 2024 Term Loan B, (3-mo. CME
Term SOFR at 0.00% Floor + 3.00%), 6.67%, 10/09/31
 
532
528,990
Solstice Advanced Materials, Inc., Term Loan B, (3-mo.
CME Term SOFR at 0.00% Floor + 1.75%), 5.42%,
10/29/32
 
744
747,103
Sparta U.S. HoldCo LLC, 2024 Term Loan B, (1-mo. CME
Term SOFR at 0.75% Floor + 3.00%), 6.67%, 08/02/30
 
1,750
1,747,254
WR Grace Holdings LLC, 2025 Term Loan B, (3-mo. CME
Term SOFR at 0.50% Floor + 3.00%), 6.70%, 08/19/32
 
1,345
1,338,936
 
 
18,687,077
Commercial Services & Supplies — 4.7%
Action Environmental Group, Inc., 2023 Term Loan B, (3-
mo. CME Term SOFR + 3.00%), 6.69%, 10/24/30
 
843
838,666
Allied Universal Holdco LLC, 2025 USD Term Loan B, (1-
mo. CME Term SOFR at 0.00% Floor + 3.25%), 6.92%,
08/20/32
 
4,125
4,123,359
Anticimex International AB, 2025 USD Term Loan, (3-mo.
SOFR + 2.90%), 6.56%, 11/17/31
 
559
559,007
Aramark Services, Inc., 2025 Term Loan, (1-mo. CME Term
SOFR at 0.00% Floor + 1.75%), 5.42%, 06/22/30
 
1,079
1,078,702
Asplundh Tree Expert LLC, 2021 Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 1.85%), 5.52%,
09/07/27
 
2,012
2,012,643
Citrin Cooperman Advisors LLC
 
2025 Add on Delayed Draw Term Loan, 0.00%,
04/01/32(c)
 
—
—
2025 Term Loan B, (3-mo. CME Term SOFR at 0.00%
Floor + 3.00%), 6.70%, 04/01/32
 
1,262
1,210,034
Clean Harbors, Inc., 2025 Term Loan, (1-mo. CME Term
SOFR at 0.00% Floor + 1.50%), 5.17%, 10/08/32
 
477
479,666
Grant Thornton Advisors LLC, 2025 Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 2.75%), 6.42%,
06/02/31
 
1,266
1,176,610
Innio Group Holding GmbH, 2026 USD Term Loan B, (3-
mo. CME Term SOFR at 0.00% Floor + 2.00%), 5.66%,
11/02/31
 
1,161
1,148,809
LABL, Inc., 2026 USD Interim New Money DIP Term Loan,
(3-mo. CME Term SOFR at 0.50% Floor + 6.75%),
10.38%, 12/02/26
 
92
91,936
Novelis Holdings, Inc., 2025 Term Loan B, (3-mo. CME
Term SOFR at 0.00% Floor + 1.75%), 5.45%, 03/11/32
 
2,098
2,096,929
Packers Holdings LLC, 2025 Takeback Term Loan, (1-mo.
CME Term SOFR at 1.00% Floor + 1.10%), 4.77%,
03/10/31
 
150
144,470
Prime Security Services Borrower LLC
 
2024 1st Lien Term Loan B, (1-mo. CME Term SOFR at
0.00% Floor + 2.00%), 5.66%, 10/13/30
 
653
649,381
2025 Incremental Term Loan B, (1-mo. CME Term
SOFR at 0.00% Floor + 1.75%), 5.41%, 03/07/32
 
2,009
1,977,655
Security
 
Par
(000)
Value
Commercial Services & Supplies (continued)
Reworld Holding Corp.
 
2025 1st Lien Term Loan C, (1-mo. CME Term SOFR at
0.50% Floor + 2.25%), 5.93%, 01/15/31
$
144
$ 143,273
2025 Term Loan B1, (1-mo. CME Term SOFR at 0.50%
Floor + 2.25%), 5.93%, 01/15/31
 
884
881,681
Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor +
2.25%), 5.92%, 11/30/28
 
886
885,174
 
 
19,497,995
Communications Equipment — 0.3%
Ciena Corp., 2025 Repriced Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 1.75%), 5.43%, 10/24/30
 
1,367
1,366,074
Radiate Holdco LLC
 
2025 Delayed Draw Term Loan, (1-mo. CME Term
SOFR at 1.00% Floor + 4.00%), 7.67%, 06/26/29
 
31
30,911
2025 Term Loan, (1-mo. CME Term SOFR at 1.00%
Floor + 4.00%), 7.67%, 06/26/29
 
31
30,911
 
 
1,427,896
Construction & Engineering — 1.2%
Azuria Water Solutions, Inc.
 
2026 Delayed Draw Term Loan, 01/27/33(h)
 
131
129,808
2026 Term Loan B, (Prime + 1.75%), 8.50%, 01/27/33
 
985
973,560
Brand Industrial Services, Inc., 2024 Term Loan B, (3-mo.
CME Term SOFR at 0.50% Floor + 4.50%), 8.16%,
08/01/30
 
1,916
1,639,780
Construction Partners, Inc., Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 2.50%), 6.17%, 11/03/31
 
449
448,020
Dycom Investments, Inc., 2026 Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 1.75%), 5.42%, 01/27/33
 
625
626,825
Legence Holdings LLC, 2025 Repriced Term Loan B, (1-
mo. CME Term SOFR at 0.75% Floor + 2.25%), 5.92%,
12/16/31
 
1,072
1,073,584
 
 
4,891,577
Consumer Discretionary — 0.2%
Element Materials Technology Group U.S. Holdings, Inc.,
2022 USD Term Loan, (3-mo. CME Term SOFR at
0.50% Floor + 3.50%), 7.20%, 07/06/29
 
619
620,317
Consumer Staples Distribution & Retail — 0.9%
BCPE Empire Holdings, Inc., 2026 10th Amendment Term
Loan, (1-mo. CME Term SOFR + 3.50%), 7.17%,
12/29/32
 
2,121
2,085,219
EG America LLC, 2026 Term Loan B, (1-mo. CME Term
SOFR at 0.00% Floor + 3.25%), 6.92%, 02/10/31
 
1,148
1,147,139
U.S. Foods, Inc., 2024 1st Lien Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 1.75%), 5.42%, 10/03/31
 
618
622,465
 
 
3,854,823
Containers & Packaging — 3.7%
Charter NEX US, Inc., 2025 Repriced Term Loan B, (1-mo.
CME Term SOFR at 0.75% Floor + 2.50%), 6.17%,
11/29/30
 
3,204
3,181,187
Clydesdale Acquisition Holdings, Inc.
 
2025 Term Loan B, (1-mo. CME Term SOFR at 0.00%
Floor + 3.25%), 6.92%, 04/01/32
 
1,542
1,436,675
Term Loan B, (1-mo. CME Term SOFR + 3.18%),
6.84%, 04/13/29
 
175
166,547
Colossus Acquireco LLC, Term Loan B, (3-mo. SOFR +
1.75%), 5.38%, 07/30/32
 
2,204
2,194,557
Graham Packaging Co., Inc., 2026 Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 2.25%), 5.92%,
01/26/33
 
1,151
1,137,890
Schedule of Investments
5
Schedule of Investments (unaudited)(continued)
March 31, 2026
BlackRock Floating Rate Income Strategies Fund, Inc. (FRA)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
Containers & Packaging (continued)
LABL, Inc., 2021 USD 1st Lien Term Loan, 0.00%,
10/30/28
$
1,556
$ 705,454
Mauser Packaging Solutions Holding Co., 2025 Term Loan
B, (3-mo. CME Term SOFR at 0.00% Floor + 3.50%),
7.16%, 04/15/30
 
1,055
1,017,695
Potters Industries LLC, 2025 Repriced Term Loan B, (3-
mo. CME Term SOFR at 0.00% Floor + 2.50%), 6.17%,
12/23/32
 
596
595,005
Pregis TopCo LLC, 2025 Refinancing Term Loan, (1-mo.
CME Term SOFR at 0.00% Floor + 4.00%), 7.67%,
02/01/29
 
1,078
1,075,907
Proampac PG Borrower LLC, 2026 USD Term Loan B,
(1-mo. CME Term SOFR at 0.00% Floor + 4.11%),
7.78%, 03/07/33
 
901
868,047
Reynolds Consumer Products LLC, 2025 Term Loan B,
(1-mo. CME Term SOFR at 0.00% Floor + 1.75%),
5.42%, 03/04/32
 
1,088
1,090,533
Ring Container Technologies Group LLC, 2025 Term Loan
B, (1-mo. CME Term SOFR at 0.50% Floor + 2.50%),
6.17%, 09/15/32
 
972
961,216
Trident TPI Holdings, Inc., 2024 Term Loan B7, (3-mo.
CME Term SOFR at 0.50% Floor + 3.75%), 7.45%,
09/15/28
 
740
700,102
 
 
15,130,815
Distributors — 1.5%
American Builders & Contractors Supply Co., Inc.,
2024 Term Loan B, (1-mo. CME Term SOFR at 0.00%
Floor + 1.75%), 5.42%, 01/31/31
 
1,589
1,587,692
Core & Main LP
 
2024 Term Loan D, (1-mo. CME Term SOFR at 0.00%
Floor + 2.00%), 5.68%, 07/27/28
 
3,413
3,410,438
2024 Term Loan E, (1-mo. CME Term SOFR at 0.00%
Floor + 2.00%), 5.68%, 02/09/31(c)
 
775
775,254
Herc Holdings, Inc., 2026 Term Loan B, (1-mo. CME Term
SOFR at 0.00% Floor + 1.75%), 5.43%, 06/02/32
 
267
267,442
 
 
6,040,826
Diversified Consumer Services — 0.9%
Bright Horizons Family Solutions LLC, 2025 Term Loan B,
(1-mo. CME Term SOFR at 0.50% Floor + 1.75%),
5.42%, 08/23/32
 
975
972,055
OMNIA Partners LLC, 2024 Term Loan B, (3-mo. CME
Term SOFR at 0.00% Floor + 2.75%), 6.43%, 12/31/32
 
416
415,327
PG Investment Co. 59 SARL, 2025 Repriced Term Loan B,
(3-mo. CME Term SOFR at 0.00% Floor + 2.25%),
5.95%, 03/26/31
 
562
561,830
Wand NewCo 3, Inc., 2025 Repriced Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 2.50%), 6.17%,
01/30/31
 
1,690
1,674,611
 
 
3,623,823
Diversified REITs — 0.1%
RHP Hotel Properties LP, 2024 1st Lien Term Loan B, (1-
mo. CME Term SOFR at 0.00% Floor + 1.75%), 5.42%,
05/20/30
 
481
479,320
Diversified Telecommunication Services — 2.1%
Cogeco Financing 2 LP, 2023 Incremental Term Loan B,
(1-mo. CME Term SOFR + 2.61%), 6.28%, 09/01/28
 
179
170,776
Level 3 Financing, Inc., 2025 Repriced Term Loan B4,
(1-mo. CME Term SOFR at 0.00% Floor + 3.25%),
6.92%, 03/29/32
 
3,115
3,111,761
Security
 
Par
(000)
Value
Diversified Telecommunication Services (continued)
Orbcomm, Inc., Term Loan B, (1-mo. CME Term SOFR at
0.75% Floor + 4.51%), 8.10%, 09/01/28
$
504
$ 463,611
Sunrise Financing Partnership, Term Loan AAA, (6-mo.
CME Term SOFR at 0.00% Floor + 2.47%), 6.10%,
02/15/32
 
433
429,618
Virgin Media Bristol LLC, 2023 USD Term Loan Y, (6-mo.
CME Term SOFR at 0.00% Floor + 3.18%), 7.05%,
03/31/31
 
988
898,663
Zayo Group Holdings, Inc., 2025 USD Term Loan, (1-mo.
CME Term SOFR at 0.00% Floor + 3.11% and 0.50%
PIK), 7.28%, 03/11/30(f)
 
3,629
3,557,290
 
 
8,631,719
Electric Utilities — 1.2%
NRG Energy, Inc., 2024 Term Loan, (3-mo. CME Term
SOFR at 0.00% Floor + 1.85%), 5.52%, 04/16/31
 
2,841
2,843,632
Talen Energy Supply LLC, 2024-1 Incremental Term Loan,
(3-mo. CME Term SOFR at 0.00% Floor + 2.50%),
6.15%, 12/15/31
 
600
600,898
Vistra Operations Co. LLC, 1st Lien Term Loan B3, (1-mo.
CME Term SOFR + 1.75%), 5.42%, 12/20/30
 
1,296
1,297,248
 
 
4,741,778
Electronic Equipment, Instruments & Components — 0.5%
Celestica, Inc., 2024 Term Loan B, (1-mo. CME Term
SOFR at 0.00% Floor + 1.75%), 5.43%, 06/20/31(c)
 
436
435,685
Coherent Corp., 2025 Term Loan B2, (1-mo. CME Term
SOFR at 0.50% Floor + 1.75%), 5.42%, 07/02/29
 
851
850,410
Sanmina Corp., Term Loan B, (1-mo. CME Term SOFR at
0.00% Floor + 2.00%), 5.67%, 10/27/32(c)
 
794
793,008
 
 
2,079,103
Energy Equipment & Services — 0.1%
Deep Blue Operating I LLC, Term Loan, (1-mo. CME Term
SOFR at 0.00% Floor + 2.75%), 6.42%, 10/01/32(c)
 
285
285,713
Entertainment — 4.6%
Creative Artists Agency LLC, 2025 Repriced Term Loan B,
(1-mo. CME Term SOFR at 0.00% Floor + 2.50%),
6.17%, 10/01/31
 
2,191
2,187,064
Delta 2 Lux SARL, 2024 Term Loan B1, (3-mo. CME Term
SOFR at 0.50% Floor + 1.75%), 5.45%, 09/30/31
 
2,501
2,493,828
DK Crown Holdings, Inc., 2025 Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 1.75%), 5.42%, 03/04/32
 
1,676
1,672,936
Electronic Arts, Inc., USD Term Loan B, 03/24/33(h)
 
3,280
3,259,500
EOC Borrower LLC, Term Loan B, (1-mo. CME Term
SOFR at 0.00% Floor + 2.75%), 6.42%, 03/24/32
 
2,738
2,724,898
GVC Holdings Gibraltar Ltd., 2025 Term Loan B5 (2032),
(3-mo. CME Term SOFR at 0.00% Floor + 2.25%),
5.95%, 07/31/32
 
304
302,894
Live Nation Entertainment, Inc., 2025 Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 2.00%), 5.67%,
10/21/32
 
1,413
1,411,691
Motion Finco SARL, 2024 USD Term Loan B, (3-mo. CME
Term SOFR at 0.00% Floor + 3.50%), 7.20%, 11/12/29
 
1,684
1,465,096
TKO Worldwide Holdings LLC, 2025 Term Loan, (3-mo.
CME Term SOFR at 0.00% Floor + 2.00%), 5.66%,
11/21/31
 
3,348
3,343,804
 
 
18,861,711
6
Schedule of Investments (unaudited)(continued)
March 31, 2026
BlackRock Floating Rate Income Strategies Fund, Inc. (FRA)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
Environmental, Maintenance & Security Service — 0.2%
JFL-Tiger Acquisition Co., Inc., Term Loan B, (3-mo. CME
Term SOFR at 0.50% Floor + 3.75%), 7.46%, 10/17/30
$
674
$ 673,669
Reworld Holding Corp., 2025 1st Lien Term Loan B, (1-mo.
CME Term SOFR at 0.50% Floor + 2.25%), 5.93%,
01/15/31
 
320
319,199
 
 
992,868
Financial Services — 4.2%
ABG Intermediate Holdings 2 LLC, 2024 1st Lien Term
Loan B, (1-mo. CME Term SOFR at 0.00% Floor +
2.25%), 5.92%, 12/21/28
 
1,141
1,138,009
Acuren Delaware Holdco, Inc., 2025 Term Loan, (1-mo.
CME Term SOFR at 0.00% Floor + 2.75%), 6.42%,
07/30/31
 
363
362,446
Aggreko Holdings, Inc., 2025 USD Term Loan, (3-mo. CME
Term SOFR at 0.50% Floor + 3.00%), 6.66%, 05/21/31
 
1,839
1,836,503
Apex Group Treasury LLC, 2025 USD Term Loan B, (3-mo.
CME Term SOFR at 0.00% Floor + 3.50%), 7.17%,
02/27/32
 
1,718
1,560,564
APi Group DE, Inc., 2025 Term Loan, (1-mo. CME Term
SOFR at 0.00% Floor + 1.75%), 5.42%, 01/03/29
 
2,239
2,235,401
CPI Holdco B LLC, 2025 Add-on Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 2.00%), 5.67%, 05/19/31
 
3,170
3,145,635
Gryphon Acquire NewCo LLC, Term Loan B, (3-mo. CME
Term SOFR at 0.00% Floor + 3.00%), 6.67%, 09/13/32
 
836
836,209
Hyperion Refinance SARL, 2025 USD Term Loan B, (1-mo.
CME Term SOFR at 0.50% Floor + 2.75%), 6.42%,
02/15/31
 
1,719
1,662,306
LBM Acquisition LLC, 2024 Incremental Term Loan B, (1-
mo. CME Term SOFR at 0.75% Floor + 3.75%), 7.50%,
06/06/31
 
700
558,166
Orion U.S. Finco, Inc., 1st Lien Term Loan, (3-mo. CME
Term SOFR at 0.00% Floor + 3.50%), 7.15%, 10/08/32
 
999
987,971
Sotera Health Holdings LLC, 2025 Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 2.50%), 6.17%,
05/30/31
 
2,074
2,073,698
Summit Acquisition, Inc., 2025 Add-on Term Loan, (1-mo.
CME Term SOFR at 0.00% Floor + 3.50%), 7.17%,
10/16/31(c)
 
100
100,244
WEX, Inc.
 
2024 Term Loan B2, (1-mo. CME Term SOFR at 0.00%
Floor + 1.75%), 5.42%, 03/31/28
 
311
309,305
2025 Incremental Term Loan B, (1-mo. CME Term
SOFR at 0.00% Floor + 1.75%), 5.42%, 03/05/32
 
401
396,940
 
 
17,203,397
Food Products — 1.9%
Chobani LLC, 2025 Term Loan B, (1-mo. CME Term SOFR
at 0.00% Floor + 2.25%), 5.92%, 10/28/32
 
3,580
3,578,524
Froneri U.S., Inc.
 
2024 USD Term Loan B4, (6-mo. CME Term SOFR at
0.00% Floor + 2.25%), 5.88%, 09/30/31
 
2,696
2,638,707
2025 USD Term Loan B6, (6-mo. CME Term SOFR at
0.00% Floor + 2.25%), 5.88%, 09/30/32
 
304
297,835
H-Food Holdings LLC, 2025 Exit Term Loan, (1-mo. CME
Term SOFR at 2.00% Floor + 6.50%), 10.17%,
03/29/30
 
149
149,012
Security
 
Par
(000)
Value
Food Products (continued)
Treehouse Foods, Inc., 2026 Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 4.25%), 7.92%, 02/11/33
$
851
$ 846,039
UTZ Quality Foods LLC, 2025 Term Loan B, (3-mo. CME
Term SOFR at 0.00% Floor + 2.50%), 6.20%, 01/29/32
 
408
407,043
Wellness Pet LLC, 2025 Second Out Exchange Term
Loan, (3-mo. CME Term SOFR at 0.75% Floor +
4.01%), 7.71%, 12/31/29
 
144
19,365
 
 
7,936,525
Gas Utilities — 0.2%
BIP PipeCo Holdings LLC, Term Loan B, (2-mo. CME Term
SOFR at 0.00% Floor + 2.00%), 5.65%, 12/06/30
 
372
372,138
M6 ETX Holdings II Midco LLC, 2025 1st Lien Term Loan
B, (1-mo. CME Term SOFR at 0.00% Floor + 2.50%),
6.17%, 04/01/32
 
460
461,196
 
 
833,334
Ground Transportation — 1.0%
Genesee & Wyoming, Inc., 2024 Term Loan, (3-mo. CME
Term SOFR at 0.00% Floor + 1.75%), 5.45%, 04/10/31
 
3,173
3,155,172
Hertz Corp.
 
2021 Term Loan B, (1-mo. CME Term SOFR + 3.61%),
7.28%, 06/30/28
 
963
710,042
2021 Term Loan C, (1-mo. CME Term SOFR + 3.61%),
7.28%, 06/30/28
 
190
140,489
 
 
4,005,703
Health Care Equipment & Supplies — 3.7%
AthenaHealth Group, Inc., 2022 Term Loan B, (1-mo. CME
Term SOFR at 0.50% Floor + 2.75%), 6.42%, 02/15/29
 
2,338
2,290,810
Bausch & Lomb Corporation, 2025 Repriced Term Loan,
(1-mo. CME Term SOFR at 0.00% Floor + 3.75%),
7.42%, 01/15/31
 
2,627
2,630,764
Cotiviti, Inc., 2024 Term Loan, (1-mo. CME Term SOFR +
2.75%), 6.42%, 05/01/31
 
1,864
1,713,346
Gainwell Acquisition Corp., Term Loan B, (3-mo. CME Term
SOFR at 0.75% Floor + 4.10%), 7.80%, 10/01/27
 
523
507,012
Hologic Inc., 2026 USD Term Loan B, (3-mo. CME Term
SOFR at 0.00% Floor + 2.25%), 5.92%, 01/14/33
 
4,496
4,439,800
PointClickCare Technologies, Inc., 2025 Term Loan B,
(1-mo. CME Term SOFR at 0.00% Floor + 2.75%),
6.42%, 11/03/31
 
655
650,723
Polaris Newco LLC, USD Term Loan B, (3-mo. CME Term
SOFR at 0.50% Floor + 4.26%), 7.93%, 06/02/28
 
1,708
1,498,703
QuidelOrtho Corp., Term Loan, (1-mo. CME Term SOFR at
0.00% Floor + 4.00%), 7.67%, 08/20/32
 
1,030
1,028,105
Waystar Technologies, Inc., 2025 Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 2.00%), 5.67%,
10/22/29(c)
 
551
548,757
 
 
15,308,020
Health Care Providers & Services — 3.4%
ACP Tara Holdings, Inc., 2025 Term Loan B, (3-mo. CME
Term SOFR at 0.00% Floor + 3.25%), 6.95%, 12/15/32
 
228
228,759
AHP Health Partners, Inc., 2025 Term Loan B, (1-mo. CME
Term SOFR at 0.50% Floor + 2.25%), 5.92%, 09/20/32
 
176
175,774
CHG Healthcare Services, Inc., 2025 Term Loan B1, (3-
mo. CME Term SOFR at 0.50% Floor + 2.75%), 6.45%,
09/29/28
 
990
990,210
Schedule of Investments
7
Schedule of Investments (unaudited)(continued)
March 31, 2026
BlackRock Floating Rate Income Strategies Fund, Inc. (FRA)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
Health Care Providers & Services (continued)
CNT Holdings I Corp., 2025 Term Loan, (3-mo. CME Term
SOFR at 0.75% Floor + 2.50%), 6.17%, 11/08/32
$
1,243
$ 1,241,431
Concentra Health Services, Inc., 2025 Repriced Term Loan
B, (1-mo. CME Term SOFR at 0.00% Floor + 2.00%),
5.67%, 07/26/31
 
572
573,727
Examworks Bidco, Inc., 2026 Term Loan B, (1-mo. CME
Term SOFR at 0.50% Floor + 2.50%), 6.17%, 02/06/33
 
1,071
1,068,865
EyeCare Partners LLC, 2024 Third Out Term Loan C,
0.00%, 11/30/28(d)(g)
 
53
8,912
ICON Luxembourg SARL, 2024 LUX Term Loan B, (3-mo.
CME Term SOFR at 0.50% Floor + 2.00%), 5.70%,
07/03/28
 
548
548,826
Ingenovis Health, Inc., Term Loan B, (3-mo. CME Term
SOFR + 4.51%), 8.18%, 03/06/28
 
759
207,359
LifePoint Health, Inc., 2024 1st Lien Term Loan B, (3-mo.
CME Term SOFR at 0.00% Floor + 3.75%), 7.42%,
05/19/31
 
966
965,469
Medical Solutions Holdings, Inc.
 
2021 1st Lien Term Loan, (3-mo. CME Term SOFR at
0.50% Floor + 3.60%), 7.27%, 11/01/28
 
882
174,879
2021 2nd Lien Term Loan, (3-mo. CME Term SOFR at
0.50% Floor + 7.10%), 10.77%, 11/01/29
 
611
48,880
Medline Borrower LP
 
2025 Incremental Term Loan B, (1-mo. CME Term
SOFR at 0.50% Floor + 1.75%), 5.42%, 10/23/30
 
1,724
1,725,585
2025 Term Loan B, (1-mo. CME Term SOFR at 0.50%
Floor + 1.75%), 5.42%, 10/23/28
 
1,247
1,248,958
Option Care Health, Inc., 2025 Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 1.75%), 5.42%, 09/22/32
 
1,359
1,362,898
Raven Acquisition Holdings LLC, Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 3.00%), 6.67%,
11/19/31
 
522
511,943
Star Parent, Inc., Term Loan B, (3-mo. CME Term SOFR at
0.00% Floor + 4.00%), 7.70%, 09/27/30
 
1,072
1,058,790
Surgery Center Holdings, Inc., 2025 Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 2.50%), 6.17%,
12/19/30
 
1,269
1,268,671
Team Health Holdings, Inc., 2026 Repriced Term Loan B,
(3-mo. CME Term SOFR at 0.00% Floor + 4.00%),
7.66%, 06/30/28
 
441
438,472
 
 
13,848,408
Hotels, Restaurants & Leisure — 7.7%
Aimbridge Acquisition Co., Inc.
 
2025 1st Lien Second Out Term Loan, (1-mo. CME Term
SOFR at 1.00% Floor + 1.61% and 6.00% PIK),
11.29%, 03/11/30(f)
 
192
187,729
2025 First Out Term Loan, (1-mo. CME Term SOFR at
1.00% Floor + 5.61%), 9.29%, 03/11/30
 
204
199,708
Alterra Mountain Co., 2025 Term Loan B8, (1-mo. CME
Term SOFR at 0.00% Floor + 2.50%), 6.17%,
05/31/30(c)
 
998
996,725
Burger King (Restaurant Brands International, Inc.)/New
Red Finance, Inc., 2024 Term Loan B6, (1-mo. CME
Term SOFR at 0.00% Floor + 1.75%), 5.42%, 09/20/30
 
1,663
1,658,431
Caesars Entertainment, Inc.
 
2024 Term Loan B1, (1-mo. CME Term SOFR + 2.25%),
5.92%, 02/06/31
 
2,817
2,728,504
Term Loan B, (1-mo. CME Term SOFR + 2.25%),
5.92%, 02/06/30
 
1,140
1,105,868
Security
 
Par
(000)
Value
Hotels, Restaurants & Leisure (continued)
Crown Finance U.S., Inc., 2025 Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 4.50%), 8.17%, 12/02/31
$
977
$ 966,140
Fertitta Entertainment LLC, 2022 Term Loan B, (1-mo.
CME Term SOFR at 0.50% Floor + 3.25%), 6.92%,
01/27/29
 
2,606
2,551,220
Flutter Financing BV
 
2024 Term Loan B, (3-mo. CME Term SOFR at 0.50%
Floor + 1.75%), 5.45%, 11/30/30
 
3,478
3,434,471
2025 Term Loan B, (3-mo. CME Term SOFR at 0.50%
Floor + 2.00%), 5.70%, 06/04/32
 
872
860,851
Four Seasons Hotels Ltd., 2025 Term Loan B, (1-mo. CME
Term SOFR at 0.50% Floor + 1.75%), 5.42%, 09/22/32
 
3,099
3,115,825
Great Canadian Gaming Corp., 2024 Term Loan B, (3-mo.
CME Term SOFR at 0.00% Floor + 4.75%), 8.44%,
11/01/29
 
767
753,947
Herschend Entertainment Co. LLC, 2026 Term Loan B,
(1-mo. CME Term SOFR at 0.00% Floor + 2.50%),
6.17%, 05/27/32
 
871
870,974
Hilton Domestic Operating Co., Inc., 2023 Term Loan B4,
(1-mo. CME Term SOFR + 1.75%), 5.43%, 11/08/30
 
767
767,959
IRB Holding Corp., 2025 Term Loan B, (1-mo. CME Term
SOFR at 0.50% Floor + 2.50%), 6.18%, 12/16/30
 
1,457
1,452,824
Light & Wonder International, Inc., 2026 Term Loan B, (1-
mo. CME Term SOFR at 0.50% Floor + 2.00%), 5.67%,
04/16/29
 
1,111
1,109,626
Ontario Gaming GTA LP, Term Loan B, (3-mo. CME Term
SOFR at 0.50% Floor + 4.25%), 7.95%, 08/01/30
 
571
534,034
Penn Entertainment, Inc., 2022 Term Loan B, (1-mo. CME
Term SOFR at 0.50% Floor + 2.50%), 6.17%, 05/03/29
 
867
869,138
Scientific Games Holdings LP, 2024 USD Term Loan B,
(3-mo. CME Term SOFR at 0.50% Floor + 3.00%),
6.65%, 04/04/29
 
825
811,516
SeaWorld Parks & Entertainment, Inc., 2024 Term Loan
B3, (1-mo. CME Term SOFR at 0.50% Floor + 2.00%),
5.67%, 12/04/31(c)
 
535
526,975
Six Flags Entertainment Corp., 2024 Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 2.00%), 5.67%,
05/01/31
 
331
325,722
Station Casinos LLC, 2024 Term Loan B, (1-mo. CME Term
SOFR at 0.00% Floor + 2.00%), 5.67%, 03/14/31
 
1,933
1,930,396
TRQ Sales LLC, Term Loan B, (3-mo. CME Term SOFR at
0.00% Floor + 3.25%), 6.99%, 12/30/32
 
850
821,848
Voyager Parent LLC, Repriced Term Loan B, (3-mo. CME
Term SOFR at 0.00% Floor + 4.25%), 7.95%, 07/01/32
 
998
990,087
Whatabrands LLC, 2024 1st Lien Term Loan B, (1-mo.
CME Term SOFR at 0.50% Floor + 2.50%), 6.17%,
08/03/28
 
715
713,599
Wyndham Hotels & Resorts, Inc., 2024 Term Loan, (1-mo.
CME Term SOFR at 0.00% Floor + 1.75%), 5.42%,
05/24/30
 
1,336
1,339,690
 
 
31,623,807
Household Durables — 0.5%
Madison Safety & Flow LLC, 2025 1st Lien Term Loan B,
(1-mo. CME Term SOFR at 0.00% Floor + 2.50%),
6.18%, 09/26/31
 
425
424,181
Somnigroup International, Inc., Term Loan B, (1-mo. SOFR
+ 2.25%), 5.88%, 10/24/31
 
391
391,924
8
Schedule of Investments (unaudited)(continued)
March 31, 2026
BlackRock Floating Rate Income Strategies Fund, Inc. (FRA)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
Household Durables (continued)
Springs Windows Fashions LLC, 2024 FLFO Delayed
Draw Term Loan, (1-mo. CME Term SOFR at 1.00%
Floor + 4.50%), 8.17%, 12/19/29
$
53
$ 52,818
SWF Holdings I Corp., 2024 FLFO A1 Term Loan, (1-mo.
CME Term SOFR at 1.00% Floor + 4.50%), 8.17%,
12/19/29
 
80
79,227
Weber-Stephen Products LLC, 2025 Term Loan B, (3-mo.
CME Term SOFR at 0.00% Floor + 3.75%), 7.41%,
10/01/32
 
1,261
1,230,106
 
 
2,178,256
Household Products — 0.2%
Lavender US HoldCo 1, Inc., USD Term Loan, (3-mo. CME
Term SOFR at 0.00% Floor + 3.25%), 6.95%, 12/30/32
 
865
851,074
Independent Power and Renewable Electricity Producers — 1.0%
Calpine Construction Finance Co. LP, 2025 Repriced Term
Loan B, (1-mo. CME Term SOFR at 0.00% Floor +
1.75%), 5.42%, 07/31/30
 
1,968
1,967,521
Constellation Renewables LLC, 2020 Term Loan, (3-mo.
CME Term SOFR at 1.00% Floor + 2.00%), 5.67%,
12/15/27
 
961
960,563
Talen Energy Supply LLC, 2025 Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 2.00%), 5.67%, 11/25/32
 
1,077
1,077,106
 
 
4,005,190
Industrial Conglomerates — 1.5%
Beach Acquisition Bidco LLC, USD Term Loan B, (3-mo.
CME Term SOFR at 0.00% Floor + 3.25%), 6.95%,
09/12/32
 
590
590,259
Chromalloy Corp., 2024 Term Loan B, (3-mo. CME Term
SOFR at 0.00% Floor + 3.25%), 6.91%, 03/27/31
 
414
413,772
CoorsTek, Inc., Term Loan B, (3-mo. CME Term SOFR at
0.00% Floor + 3.00%), 6.67%, 10/28/32
 
454
455,564
Fluid-Flow Products, Inc., 2026 Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 3.25%), 6.92%, 03/04/33
 
161
160,799
Heritage Environmental Services, Inc., 2026 Term Loan B,
(3-mo. CME Term SOFR at 0.00% Floor + 3.00%),
6.68%, 04/01/33(c)
 
355
355,000
LSF12 Crown U.S. Commercial Bidco LLC, 2026 Term
Loan B, (1-mo. CME Term SOFR at 0.00% Floor +
3.00%), 6.67%, 12/02/31
 
561
561,104
Pinnacle Buyer LLC, Term Loan, (3-mo. CME Term SOFR
at 0.00% Floor + 2.50%), 6.16%, 10/01/32
 
771
771,168
Resideo Funding, Inc., 2025 Incremental Term Loan, (3-
mo. CME Term SOFR at 0.00% Floor + 2.00%), 5.67%,
08/13/32
 
927
923,863
Resilience Parent LLC, 1st Lien Term Loan, (6-mo. CME
Term SOFR at 0.00% Floor + 2.50%), 6.10%, 02/28/33
 
1,675
1,665,051
Stitch Acquisition Corp., 2024 2nd Out Term Loan, (3-mo.
CME Term SOFR + 7.50%), 11.46%, 12/31/29(c)
 
254
206,110
 
 
6,102,690
Insurance — 7.7%
Alliant Holdings Intermediate LLC, 2025 Term Loan B,
(1-mo. CME Term SOFR at 0.00% Floor + 2.50%),
6.17%, 09/19/31
 
7,507
7,442,521
AmWINS Group, Inc., 2026 Term Loan B, (1-mo. CME
Term SOFR at 0.75% Floor + 2.00%), 5.67%, 01/30/32
 
2,500
2,481,147
Amynta Agency Borrower, Inc., 2026 Repriced Term Loan
B, (1-mo. CME Term SOFR at 0.00% Floor + 2.50%),
6.17%, 12/29/31
 
2,113
2,078,990
Security
 
Par
(000)
Value
Insurance (continued)
Asurion LLC, 2025 Term Loan B13, (1-mo. CME Term
SOFR at 0.00% Floor + 4.25%), 7.92%, 09/19/30
$
1,571
$ 1,551,158
Baldwin Insurance Group Holdings LLC, 2025 Term Loan
B2, (1-mo. CME Term SOFR at 0.00% Floor + 2.50%),
6.18%, 05/26/31
 
840
824,474
HUB International Ltd., 2025 Term Loan B, (3-mo. CME
Term SOFR at 0.00% Floor + 2.25%), 5.92%, 06/20/30
 
4,394
4,381,642
Jones DesLauriers Insurance Management Inc.,
2026 Repriced Term Loan B, (3-mo. CME Term SOFR at
0.00% Floor + 3.00%), 6.66%, 02/02/33
 
2,075
2,012,647
OneDigital Borrower LLC, 2025 Repriced Term Loan, (1-
mo. CME Term SOFR at 0.50% Floor + 3.00%), 6.67%,
07/02/31
 
198
190,519
Ryan Specialty LLC, 2024 USD Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 2.00%), 5.67%, 09/15/31
 
1,567
1,562,727
Truist Insurance Holdings LLC
 
2024 Term Loan B, (3-mo. CME Term SOFR at 0.00%
Floor + 2.75%), 6.45%, 05/06/31
 
3,043
2,996,158
2nd Lien Term Loan, (3-mo. CME Term SOFR at 0.00%
Floor + 4.75%), 8.45%, 05/06/32
 
529
523,353
USI, Inc.
 
2024 Term Loan C, (3-mo. CME Term SOFR at 0.00%
Floor + 2.25%), 5.95%, 09/29/30
 
1,701
1,694,894
2024 Term Loan D, (3-mo. CME Term SOFR at 0.00%
Floor + 2.25%), 5.95%, 11/21/29
 
3,977
3,964,832
 
 
31,705,062
Interactive Media & Services — 0.1%
Camelot U.S. Acquisition LLC, 2024 Term Loan B, (1-mo.
CME Term SOFR + 2.75%), 6.42%, 01/31/31
 
502
431,614
Internet Software & Services — 0.1%
Gen Digital, Inc., 2025 Term Loan B, (1-mo. CME Term
SOFR at 0.50% Floor + 1.75%), 5.42%, 04/16/32
 
203
200,030
IT Services — 3.9%
Asurion LLC
 
2021 Second Lien Term Loan B4, (1-mo. CME Term
SOFR + 5.36%), 9.03%, 01/20/29
 
418
415,292
2023 Term Loan B11, (1-mo. CME Term SOFR at 0.00%
Floor + 4.35%), 8.02%, 08/19/28
 
115
114,407
2024 Term Loan B12, (1-mo. CME Term SOFR at 0.00%
Floor + 4.25%), 7.92%, 09/19/30
 
401
396,792
2026 Term Loan B14, (1-mo. CME Term SOFR at 0.00%
Floor + 3.75%), 7.42%, 02/23/33
 
630
608,347
Central Parent LLC, 2024 Term Loan B, (3-mo. CME Term
SOFR at 0.00% Floor + 3.25%), 6.95%, 07/06/29
 
1,994
1,415,657
Clearwater Analytics LLC, 2025 Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 2.00%), 5.67%, 04/21/32
 
928
927,175
Epicor Software Corp., 2024 Term Loan F, (1-mo. CME
Term SOFR at 0.75% Floor + 2.50%), 6.17%, 05/30/31
 
2,493
2,442,868
Galileo Parent, Inc., 1st Lien Term Loan, (3-mo. CME Term
SOFR at 0.00% Floor + 4.50%), 8.17%, 03/03/33
 
661
646,954
Go Daddy Operating Co. LLC, 2024 Term Loan B8, (1-mo.
CME Term SOFR at 0.00% Floor + 1.75%), 5.42%,
11/09/29
 
1,391
1,368,434
ION Platform Finance U.S., Inc., USD Term Loan, (3-mo.
CME Term SOFR at 0.00% Floor + 3.75%), 7.45%,
10/07/32
 
2,497
1,995,990
Iron Mountain, Inc., 2023 Term Loan B, 01/31/31(h)
 
550
545,875
Modena Buyer LLC, Term Loan, (3-mo. CME Term SOFR
at 0.00% Floor + 4.25%), 7.92%, 07/01/31
 
668
597,777
Schedule of Investments
9
Schedule of Investments (unaudited)(continued)
March 31, 2026
BlackRock Floating Rate Income Strategies Fund, Inc. (FRA)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
IT Services (continued)
Project Boost Purchaser LLC, 2025 Refinancing Term
Loan, (3-mo. CME Term SOFR at 0.00% Floor +
2.75%), 6.45%, 07/16/31
$
1,447
$ 1,392,610
Sedgwick Claims Management Services, Inc., 2023 Term
Loan B, (1-mo. CME Term SOFR at 0.00% Floor +
2.50%), 6.17%, 07/31/31
 
2,744
2,690,811
Shift4 Payments, LLC, 2025 Repriced Term Loan B, (3-mo.
CME Term SOFR at 0.00% Floor + 2.00%), 5.65%,
07/03/32
 
516
514,098
 
 
16,073,087
Leisure Products — 0.4%
Bombardier Recreational Products, Inc., 2024 Term Loan
B4, (1-mo. CME Term SOFR at 0.00% Floor + 2.25%),
5.92%, 01/22/31
 
481
480,508
City Football Group Ltd., 2024 Term Loan, (1-mo. CME
Term SOFR at 0.50% Floor + 3.50%), 7.46%, 07/22/30
 
1,152
1,147,829
 
 
1,628,337
Machinery — 4.8%
AI Aqua Merger Sub, Inc., 2026 Term Loan B, (3-mo. CME
Term SOFR at 0.50% Floor + 2.50%), 6.29%, 07/31/28
 
1,731
1,725,675
Chart Industries, Inc., 2024 Term Loan B, (3-mo. CME
Term SOFR + 2.50%), 6.16%, 03/15/30
 
488
487,162
Columbus McKinnon Corp., 2026 Term Loan B, (3-mo.
CME Term SOFR at 0.50% Floor + 3.50%), 7.20%,
02/03/33
 
1,158
1,152,735
CompoSecure Holdings LLC, Term Loan, (1-mo. CME
Term SOFR at 0.00% Floor + 2.25%), 5.93%, 01/14/33
 
1,778
1,770,230
Filtration Group Corp., 2025 USD Term Loan, (1-mo. CME
Term SOFR at 0.50% Floor + 2.50%), 6.17%, 10/21/28
 
3,258
3,256,310
Indicor LLC, 2026 USD Term Loan B, (3-mo. CME Term
SOFR at 0.00% Floor + 2.50%), 6.20%, 11/22/29
 
768
767,510
LSF12 Helix Parent LLC, USD Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 3.50%), 7.17%, 02/10/33
 
1,145
1,128,514
Madison IAQ LLC, Term Loan, (6-mo. CME Term SOFR at
0.50% Floor + 2.50%), 6.13%, 06/21/28
 
3,598
3,593,769
PECF USS Intermediate Holding III Corp., 2026 Term
Loan, (3-mo. CME Term SOFR at 2.00% Floor +
7.50%), 11.17%, 03/03/33
 
121
115,381
Tega MC Australia Holdings Pty. Ltd., Term Loan B,
03/25/33(c)(h)
 
526
522,055
TK Elevator U.S. Newco, Inc., 2025 USD Term Loan B,
(6-mo. CME Term SOFR at 0.50% Floor + 2.75%),
6.38%, 04/30/30
 
2,823
2,828,006
WEC U.S. Holdings Ltd., 2024 Term Loan, (1-mo. CME
Term SOFR at 0.00% Floor + 2.00%), 5.67%, 01/27/31
 
2,260
2,254,663
 
 
19,602,010
Media — 3.1%
Altice France SA, 2025 USD Term Loan B14, (3-mo. CME
Term SOFR at 0.00% Floor + 6.88%), 10.55%,
05/31/31
 
1,715
1,715,719
Charter Communications Operating LLC
 
2023 Term Loan B4, (3-mo. CME Term SOFR at 0.00%
Floor + 2.00%), 5.66%, 12/07/30
 
1,364
1,362,119
2024 Term Loan B5, (3-mo. CME Term SOFR at 0.00%
Floor + 2.25%), 5.91%, 12/15/31
 
864
863,590
Clear Channel Outdoor Holdings, Inc., 2024 Term Loan,
(1-mo. CME Term SOFR at 0.00% Floor + 4.11%),
7.78%, 08/23/28
 
717
717,559
CSC Holdings LLC, 2019 Term Loan B5, (Prime + 1.50%),
8.25%, 04/15/27
 
2,559
2,249,811
Security
 
Par
(000)
Value
Media (continued)
ECL Entertainment LLC, 2025 Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 3.00%), 6.67%, 08/30/30
$
1,046
$ 1,038,258
Gray Media, Inc., 2024 Term Loan B, (1-mo. CME Term
SOFR + 5.25%), 8.92%, 06/04/29
 
5
4,791
Learfield Communications LLC, 2024 Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 4.50%), 8.17%,
06/30/28
 
613
613,348
NEP Group, Inc., 2025 Term Loan B, (1-mo. CME Term
SOFR at 0.00% Floor + 4.50%), 8.17%, 10/17/31
 
1,258
1,134,628
Nexstar Broadcasting, Inc., 2026 Term Loan B7, (1-mo.
CME Term SOFR at 0.00% Floor + 2.75%), 6.40%,
03/18/33
 
713
704,387
Radiate Holdco LLC, 2025 FLFO Term Loan, (1-mo. CME
Term SOFR at 0.00% Floor + 3.61%), 7.28%, 09/25/29
 
2,348
2,083,056
Telenet Financing USD LLC, 2020 USD Term Loan AR,
(1-mo. CME Term SOFR at 0.00% Floor + 2.11%),
5.79%, 04/28/28
 
420
414,313
 
 
12,901,579
Metals & Mining — 0.3%
Covia Holdings LLC, 2025 Repriced Term Loan B, (3-mo.
CME Term SOFR at 0.00% Floor + 2.75%), 6.40%,
02/26/32
 
1,193
1,189,292
Multi-Utilities — 0.5%
GFL ES US LLC, 2025 Term Loan B, (3-mo. CME Term
SOFR at 0.00% Floor + 2.50%), 6.17%, 03/03/32
 
1,992
1,990,755
Oil, Gas & Consumable Fuels — 2.0%
Blackfin Pipeline LLC, Term Loan B, (1-mo. CME Term
SOFR at 0.00% Floor + 3.00%), 6.67%, 09/29/32
 
406
407,631
Buckeye Partners LP, 2025 Term Loan B7, (1-mo. CME
Term SOFR at 0.00% Floor + 1.75%), 5.42%, 11/22/32
 
451
451,960
Freeport LNG Investments, LLLP, 2026 Term Loan B, (3-
mo. CME Term SOFR at 0.00% Floor + 3.25%), 6.89%,
02/11/33
 
1,455
1,453,792
GIP Pilot Acquisition Partners LP, 2025 Term Loan B, (3-
mo. CME Term SOFR at 0.00% Floor + 2.00%), 5.65%,
10/04/30
 
263
263,310
Hilcorp Energy I LP, Term Loan B, (1-mo. CME Term SOFR
at 0.00% Floor + 1.75%), 5.43%, 02/11/30(c)
 
666
665,437
Meade Pipeline Co. LLC, Term Loan B, (3-mo. CME Term
SOFR at 0.00% Floor + 2.00%), 5.69%, 09/22/32
 
414
413,309
Murphy USA, Inc., Term Loan B, (1-mo. CME Term SOFR
at 0.50% Floor + 1.75%), 5.42%, 04/07/32
 
291
293,545
NGL Energy Partners LP, 2026 Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 3.50%), 7.18%, 03/11/33
 
577
577,000
Oryx Midstream Services Permian Basin LLC, 2025 Term
Loan B, (1-mo. CME Term SOFR at 0.50% Floor +
2.25%), 5.93%, 10/05/28
 
2,498
2,498,395
TransMontaigne Partners LLC, Term Loan B, (1-mo. CME
Term SOFR at 0.50% Floor + 2.25%), 5.92%, 03/16/30
 
444
442,702
Whitewater Matterhorn Holdings LLC, 2026 Term Loan B,
(3-mo. CME Term SOFR at 0.00% Floor + 1.75%),
5.45%, 06/16/32
 
754
749,685
 
 
8,216,766
Passenger Airlines — 1.6%
AAdvantage Loyalty IP Ltd., 2025 Term Loan, (3-mo. CME
Term SOFR at 0.00% Floor + 2.25%), 5.92%, 04/20/28
 
817
807,751
Air Canada, 2024 Term Loan B, (3-mo. CME Term SOFR
at 0.00% Floor + 1.75%), 5.42%, 03/21/31
 
1,408
1,394,893
American Airlines, Inc.
 
Series AA, 2017 1st Lien Term Loan, (3-mo. CME Term
SOFR at 0.00% Floor + 1.85%), 5.52%, 01/29/27
 
264
261,687
10
Schedule of Investments (unaudited)(continued)
March 31, 2026
BlackRock Floating Rate Income Strategies Fund, Inc. (FRA)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
Passenger Airlines (continued)
American Airlines, Inc. (continued)
 
2023 1st Lien Term Loan, (3-mo. CME Term SOFR at
0.00% Floor + 2.25%), 5.91%, 06/04/29
$
1,211
$ 1,172,975
JetBlue Airways Corp., 2024 Term Loan B, (3-mo. CME
Term SOFR at 0.50% Floor + 4.75%), 8.44%, 08/27/29
 
1,277
1,157,967
Stonepeak Nile Parent LLC, 2025 Term Loan B, (3-mo.
CME Term SOFR at 0.00% Floor + 2.25%), 5.92%,
04/09/32
 
583
581,100
United Airlines, Inc., 2026 Term Loan B, (1-mo. CME Term
SOFR at 0.00% Floor + 1.75%), 5.43%, 02/22/31
 
1,169
1,164,359
 
 
6,540,732
Pharmaceuticals — 1.3%
Amneal Pharmaceuticals LLC, 2026 Term Loan, (1-mo.
CME Term SOFR at 0.50% Floor + 3.00%), 6.67%,
08/01/32
 
1,735
1,738,967
Elanco Animal Health, Inc., 2025 Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 1.75%), 5.42%,
10/31/32
 
417
416,535
Endo Finance Holdings, Inc., 2024 1st Lien Term Loan,
(1-mo. CME Term SOFR at 0.50% Floor + 3.75%),
7.42%, 04/23/31
 
471
468,240
Jazz Financing Lux SARL, 2024 1st Lien Term Loan B2,
(1-mo. CME Term SOFR + 2.25%), 5.92%, 05/05/28
 
1,737
1,741,907
Organon & Co., 2024 USD Term Loan, (1-mo. CME Term
SOFR at 0.50% Floor + 2.25%), 5.92%, 05/19/31
 
316
300,423
Perrigo Investments LLC, 2024 Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 2.00%), 5.67%, 04/20/29
 
652
647,942
PRA Health Sciences, Inc., 2024 US Term Loan B, (3-mo.
CME Term SOFR at 0.50% Floor + 2.00%), 5.70%,
07/03/28
 
137
136,741
 
 
5,450,755
Professional Services — 2.6%
AlixPartners LLP, 2025 USD Term Loan, (1-mo. CME Term
SOFR at 0.00% Floor + 2.00%), 5.67%, 08/12/32
 
781
772,586
Amentum Holdings, Inc., 2024 Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 2.00%), 5.67%, 09/29/31
 
1,174
1,173,240
CoreLogic, Inc., Term Loan, (1-mo. CME Term SOFR at
0.50% Floor + 3.61%), 7.28%, 06/02/28
 
1,554
1,482,964
Corpay Technologies Operating Co. LLC, Term Loan B5,
(1-mo. CME Term SOFR at 0.00% Floor + 1.75%),
5.42%, 04/28/28
 
1,778
1,776,528
Galaxy U.S. Opco, Inc., Term Loan, (3-mo. CME Term
SOFR at 0.50% Floor + 2.00% and 3.25% PIK), 9.42%,
07/31/30(f)
 
471
404,424
Trans Union LLC
 
2024 Term Loan B8, (3-mo. CME Term SOFR at 0.00%
Floor + 1.75%), 5.45%, 06/24/31
 
1,795
1,783,675
2024 Term Loan B9, (3-mo. CME Term SOFR at 0.50%
Floor + 1.75%), 5.45%, 06/24/31
 
852
846,614
Zelis Payments Buyer, Inc.
 
5th Amendment Term Loan, (1-mo. CME Term SOFR at
0.00% Floor + 3.25%), 6.92%, 11/26/31
 
1,654
1,598,044
Term Loan B, (1-mo. CME Term SOFR + 2.75%),
6.42%, 09/28/29
 
872
843,029
 
 
10,681,104
Security
 
Par
(000)
Value
Real Estate Management & Development — 0.1%
Cushman & Wakefield U.S. Borrower LLC, 2025 Term
Loan B3, (1-mo. CME Term SOFR at 0.50% Floor +
2.75%), 6.42%, 01/31/30(c)
$
553
$ 554,801
Semiconductors & Semiconductor Equipment — 0.7%
Entegris, Inc., 2023 Term Loan B, (1-mo. CME Term SOFR
at 0.00% Floor + 1.75%), 5.43%, 07/06/29
 
656
656,740
Qnity Electronics, Inc., Term Loan B, (1-mo. CME Term
SOFR at 0.00% Floor + 2.00%), 5.67%, 11/01/32
 
2,030
2,024,838
 
 
2,681,578
Software — 11.1%
Applied Systems, Inc., 2024 1st Lien Term Loan, (3-mo.
CME Term SOFR at 0.00% Floor + 2.25%), 5.95%,
02/24/31
 
2,989
2,927,197
Avalara, Inc., 2025 Term Loan, (3-mo. CME Term SOFR at
0.00% Floor + 2.75%), 6.45%, 03/26/32
 
965
941,818
Barracuda Networks, Inc., 2022 Term Loan, (3-mo. CME
Term SOFR at 0.50% Floor + 4.50%), 8.17%, 08/15/29
 
840
531,583
Boxer Parent Co., Inc., 2025 USD Term Loan B, (3-mo.
CME Term SOFR at 0.00% Floor + 3.00%), 6.67%,
07/30/31
 
2,783
2,573,311
Capstone Borrower, Inc., 2025 Term Loan B, (3-mo. CME
Term SOFR at 0.00% Floor + 2.75%), 6.45%, 06/17/30
 
559
530,575
CCC Intelligent Solutions, Inc., Term Loan, (1-mo. CME
Term SOFR + 2.00%), 5.67%, 01/23/32
 
1,480
1,467,244
Cloud Software Group, Inc.
 
2025 Term Loan B (2031), (3-mo. CME Term SOFR at
0.00% Floor + 3.25%), 6.95%, 03/21/31
 
2,841
2,594,229
2025 Term Loan B (2032), (3-mo. CME Term SOFR at
0.00% Floor + 3.25%), 6.95%, 08/13/32
 
3,054
2,784,949
Cloudera, Inc., 2021 Term Loan, (1-mo. CME Term SOFR
at 0.50% Floor + 3.85%), 7.52%, 10/08/28
 
584
518,278
Clover Holdings 2 LLC, Term Loan B, (1-mo. CME Term
SOFR at 0.00% Floor + 4.00%), 7.68%, 12/09/31
 
2,006
1,918,293
CoreLogic, Inc., 2nd Lien Term Loan, (1-mo. CME Term
SOFR + 6.61%), 10.28%, 06/04/29
 
440
409,392
Darktrace PLC, 1st Lien Term Loan, (3-mo. CME Term
SOFR + 3.25%), 6.90%, 10/09/31
 
341
325,372
Dayforce, Inc., 2026 Term Loan, (3-mo. CME Term SOFR
at 0.00% Floor + 3.00%), 6.66%, 02/04/33
 
2,055
1,941,400
DS Admiral Bidco LLC, 2024 Term Loan B, (3-mo. CME
Term SOFR + 4.25%), 7.95%, 06/26/31
 
551
515,572
Ellucian Holdings, Inc.
 
2024 1st Lien Term Loan B, (1-mo. CME Term SOFR at
0.50% Floor + 2.50%), 6.17%, 10/08/29
 
2,757
2,677,623
2024 2nd Lien Term Loan, (1-mo. CME Term SOFR at
0.50% Floor + 4.75%), 8.42%, 11/22/32
 
519
495,214
Gen Digital, Inc., 2024 Term Loan B, (1-mo. CME Term
SOFR + 1.75%), 5.42%, 09/12/29
 
2,687
2,656,363
Genesys Cloud Services, Inc., 2025 USD Term Loan B,
(1-mo. CME Term SOFR at 0.00% Floor + 2.50%),
6.17%, 01/30/32
 
1,947
1,859,768
Kaseya, Inc., 2025 1st Lien Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 3.25%), 6.92%, 03/22/32
 
2,861
2,664,164
McAfee Corp., 2024 USD 1st Lien Term Loan B, (1-mo.
CME Term SOFR at 0.50% Floor + 3.00%), 6.67%,
03/01/29
 
1,371
1,220,260
MH Sub I LLC, 2024 Term Loan B4, (1-mo. CME Term
SOFR at 0.50% Floor + 4.25%), 7.92%, 12/31/31
 
574
379,770
Schedule of Investments
11
Schedule of Investments (unaudited)(continued)
March 31, 2026
BlackRock Floating Rate Income Strategies Fund, Inc. (FRA)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
Software (continued)
Mitchell International, Inc., 2024 2nd Lien Term Loan, (1-
mo. CME Term SOFR + 5.25%), 8.92%, 06/17/32
$
391
$ 350,157
MKS Instruments, Inc., 2026 USD Term Loan B, (1-mo.
CME Term SOFR at 0.50% Floor + 1.75%), 5.41%,
02/04/33
 
1,146
1,146,355
Ping Identity Corp., 2025 Term Loan, (1-mo. CME Term
SOFR at 0.00% Floor + 2.75%), 6.42%, 11/15/32(c)
 
482
475,373
Proofpoint, Inc., 2025 Repriced Term Loan, (3-mo. CME
Term SOFR at 0.50% Floor + 3.00%), 6.70%, 08/31/28
 
3,248
3,139,733
Quartz Acquireco LLC, 2025 Term Loan B, (3-mo. CME
Term SOFR at 0.00% Floor + 2.25%), 5.95%,
06/28/30(c)
 
774
642,504
RealPage, Inc., 1st Lien Term Loan, (3-mo. CME Term
SOFR + 3.26%), 6.96%, 04/24/28
 
1,429
1,366,190
SS&C Technologies, Inc., 2024 Term Loan B8, (1-mo. CME
Term SOFR at 0.00% Floor + 2.00%), 5.67%, 05/09/31
 
2,324
2,315,157
UKG, Inc., 2024 Term Loan B, (3-mo. CME Term SOFR at
0.00% Floor + 2.50%), 6.17%, 02/10/31
 
2,354
2,246,308
VS Buyer LLC, 2025 Term Loan B, (3-mo. CME Term
SOFR at 0.00% Floor + 2.25%), 5.92%, 04/12/31
 
2,224
2,168,313
 
 
45,782,465
Specialty Retail — 2.5%
Belron Finance 2019 LLC, 2026 Repriced Term Loan B,
(3-mo. CME Term SOFR at 0.50% Floor + 2.00%),
5.66%, 10/16/31
 
2,943
2,939,934
Hunter Douglas, Inc., 2025 USD Term Loan B, (3-mo. CME
Term SOFR at 0.50% Floor + 3.00%), 6.70%, 01/20/32
 
1,799
1,788,735
LS Group OpCo Acquistion LLC, 2025 Term Loan B, (3-
mo. CME Term SOFR at 0.00% Floor + 2.50%), 6.17%,
04/23/31
 
1,030
1,025,576
Mavis Tire Express Services Topco Corp., 2025 Repriced
Term Loan, (1-mo. CME Term SOFR at 0.75% Floor +
3.00%), 6.67%, 05/04/28
 
2,846
2,841,812
Peer USA LLC, 2025 USD Term Loan B, (3-mo. CME Term
SOFR at 0.00% Floor + 2.25%), 5.95%, 10/14/32
 
294
291,060
Project Aurora US Finco, Inc., USD Term Loan, (3-mo.
CME Term SOFR at 0.00% Floor + 2.75%), 6.45%,
12/06/32
 
210
210,000
Pye-Barker Fire & Safety LLC, 2025 Term Loan, (1-mo.
CME Term SOFR at 0.00% Floor + 2.50%), 6.17%,
12/16/32
 
963
963,947
Restoration Hardware, Inc., 2022 Incremental Term Loan,
(1-mo. CME Term SOFR at 0.50% Floor + 3.35%),
7.02%, 10/20/28
 
271
269,261
 
 
10,330,325
Technology Hardware, Storage & Peripherals — 0.7%
Finastra USA, Inc., 2025 USD Term Loan, (3-mo. CME
Term SOFR at 0.00% Floor + 4.00%), 7.67%, 09/15/32
 
2,880
2,700,000
Textiles, Apparel & Luxury Goods — 0.1%
ABG Intermediate Holdings 2 LLC, 2025 Delayed Draw
Term Loan, (1-mo. CME Term SOFR at 0.00% Floor +
2.25%), 5.92%, 02/13/32
 
574
570,086
Tobacco — 0.0%
Savor Acquisition, Inc., Term Loan B, (3-mo. CME Term
SOFR at 0.00% Floor + 3.00%), 6.67%, 02/19/32
 
53
52,744
Security
 
Par
(000)
Value
Trading Companies & Distributors — 0.2%
TMK Hawk Parent Corp., 2024 Term Loan B, (1-mo. CME
Term SOFR at 1.00% Floor + 4.00%), 7.67%,
07/02/29(c)
$
1,839
$ 836,653
Transportation Infrastructure — 1.3%
Apple Bidco LLC, 2025 Term Loan, (1-mo. CME Term
SOFR at 0.00% Floor + 2.50%), 6.17%, 09/23/31
 
2,742
2,741,930
OLA Netherlands BV, Term Loan, (1-mo. CME Term SOFR
at 0.75% Floor + 6.35%), 10.02%, 12/15/26
 
818
812,113
Rand Parent LLC, 2025 Term Loan B, (3-mo. CME Term
SOFR at 0.00% Floor + 3.00%), 6.70%, 03/18/30
 
1,415
1,411,319
SIRVA Worldwide, Inc., 2024 Term Loan, (3-mo. CME Term
SOFR at 2.00% Floor + 8.00%), 11.66%, 08/20/29
 
1,018
391,817
 
 
5,357,179
Wireless Telecommunication Services — 0.8%
Digicel International Finance Ltd., 2025 Term Loan B, (1-
mo. CME Term SOFR at 0.00% Floor + 5.25%), 8.92%,
08/06/32
 
519
517,512
SBA Senior Finance II LLC, 2024 Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 1.75%), 5.42%,
01/25/31
 
1,501
1,505,146
Windstream Services LLC, 2025 Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 4.00%), 7.67%, 10/06/32
 
1,124
1,123,486
 
 
3,146,144
Total Floating Rate Loan Interests — 117.7%
(Cost: $498,479,568)
483,789,724
 
 
 
 
Shares
 
Investment Companies
Equity Funds — 3.7%
H-Food Holdings, LLC
 
9,223
170,626
Invesco Senior Loan ETF
 
534,300
10,905,063
State Street Blackstone Senior Loan ETF
 
110,000
4,415,400
 
 
15,491,089
Fixed Income Funds — 0.5%
iShares 0-5 Year Investment Grade Corporate Bond ETF(i)
 
40,000
2,019,600
Total Investment Companies — 4.2%
(Cost: $18,024,574)
17,510,689
Preferred Securities
Preferred Stocks — 0.0%(d)
Ground Transportation — 0.0%
Sirva BGRS Holdings, Inc., 07/21/30
 
338
59,199
12
Schedule of Investments (unaudited)(continued)
March 31, 2026
BlackRock Floating Rate Income Strategies Fund, Inc. (FRA)
(Percentages shown are based on Net Assets)
Security
 
 
Shares
Value
IT Services(c) — 0.0%
Veritas Newco
 
Series G
 
1,814
$ 34,455
Series G-1
 
1,252
23,791
 
 
58,246
 
117,445
Total Preferred Securities — 0.0%
(Cost: $301,718)
117,445
Warrants
Financial Services — 0.0%
Service King (Carnelian Point), (Exercisable 01/14/23,
1 Share for 1 Warrant, Expires 06/30/27, Strike Price
USD 10.00)(d)
 
1,895
—
Total Warrants — 0.0%
(Cost: $ — )
—
Total Investments — 126.7%
(Cost: $538,534,517)
520,981,239
Liabilities in Excess of Other Assets — (26.7)%
(109,885,734
)
Net Assets — 100.0%
$  411,095,505
 
(a)
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.
(b)
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.
(c)
Security is valued using significant unobservable inputs and is classified as Level 3 in the
fair value hierarchy.
(d)
Non-income producing security.
(e)
Restricted security as to resale, excluding 144A securities. The Fund held restricted
securities with a current value of $243,824, representing 0.1% of its net assets as of
period end, and an original cost of $27,351.
(f)
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.
(g)
Issuer filed for bankruptcy and/or is in default.
(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)
Affiliate of the Fund.
For purposes of this report, industry and sector sub-classifications may differ from those utilized by the Fund for compliance purposes.
Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the period ended March 31, 2026 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows: 
Affiliated Issuer
Value at
12/31/25
Purchases
at Cost
Proceeds
from Sales
Net
Realized
Gain (Loss)
Change in
Unrealized
Appreciation
(Depreciation)
Value at
03/31/26
Shares
Held at
03/31/26
Income
Capital Gain
Distributions
from
Underlying
Funds
BlackRock Liquidity Funds, T-Fund, Institutional Shares(a)
$ —
$ 28,115,118
$ (28,115,118
)
$ —
$ —
$ —
—
$ 4,203
$ —
iShares 0-5 Year High Yield Corporate Bond ETF(a)
214,350
—
(213,500
)
9,119
(9,969
)
—
—
1,246
—
iShares 0-5 Year Investment Grade Corporate Bond ETF
—
2,019,600
—
—
—
2,019,600
—
—
—
 
$ 9,119
$ (9,969
)
$ 2,019,600
$ 5,449
$ —
 
(a)
As of period end, the entity is no longer held.
Derivative Financial Instruments Outstanding as of Period End
Futures Contracts 
Description
Number of
Contracts
Expiration
Date
Notional
Amount (000)
Value/
Unrealized
Appreciation
(Depreciation)
Short Contracts 
10-Year U.S. Ultra Long Treasury Note
10
06/18/26
$ 1,134
$ 22,124
U.S. Long Bond
7
06/18/26
795
25,922
 
$ 48,046
Schedule of Investments
13
Schedule of Investments (unaudited)(continued)
March 31, 2026
BlackRock Floating Rate Income Strategies Fund, Inc. (FRA)
 
Forward Foreign Currency Exchange Contracts 
Currency Purchased
Currency Sold
Counterparty
Settlement Date
Unrealized
Appreciation
(Depreciation)
USD
198,417
EUR
172,000
Barclays Bank PLC
06/17/26
$ (1,080
)
Fair Value Hierarchy as of Period End
Various inputs are used in determining the fair value of financial instruments at the measurement date. 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 that the Fund has the ability to access for identical assets or liabilities;
• Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly; and
• Level 3 – Inputs that are unobservable and significant to the  entire fair value measurement for the asset or liability (including the 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 Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds that may not have a secondary market and/or may have 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 Fund’s policy regarding valuation of financial instruments, refer to its most recent financial statements.
The following table summarizes the Fund’s financial instruments categorized in the fair value hierarchy.  The breakdown of the Fund’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 
Asset-Backed Securities
$ —
$ 6,610,142
$ —
$ 6,610,142
Common Stocks 
Entertainment
—
—
243,824
243,824
Financial Services
—
—
239,846
239,846
Ground Transportation
—
939
—
939
Hotels, Restaurants & Leisure
—
—
186,325
186,325
Industrial Conglomerates
—
79,600
—
79,600
IT Services
—
—
276,987
276,987
Machinery
—
—
207,778
207,778
Semiconductors & Semiconductor Equipment
3
—
—
3
Trading Companies & Distributors
—
—
164,741
164,741
Transportation Infrastructure
—
—
81,541
81,541
Wireless Telecommunication Services
—
170,088
—
170,088
Corporate Bonds
—
9,239,003
68,527
9,307,530
Fixed Rate Loan Interests
—
1,994,037
—
1,994,037
Floating Rate Loan Interests
—
473,282,032
10,507,692
483,789,724
Investment Companies 
Equity Funds
15,320,463
170,626
—
15,491,089
Fixed Income Funds
2,019,600
—
—
2,019,600
Preferred Securities
Preferred Stocks
—
59,199
58,246
117,445
Warrants
—
—
—
—
Unfunded Floating Rate Loan Interests(a)
—
221
—
221
Liabilities
Unfunded Floating Rate Loan Interests(a)
—
(4,067
)
(18,637
)
(22,704
)
 
$17,340,066
$491,601,820
$12,016,870
$520,958,756
Derivative Financial Instruments(b)
Assets 
Interest Rate Contracts
$ 48,046
$ —
$ —
$ 48,046
14
Schedule of Investments (unaudited)(continued)
March 31, 2026
BlackRock Floating Rate Income Strategies Fund, Inc. (FRA)
 
Fair Value Hierarchy as of Period End (continued)
 
Level 1
Level 2
Level 3
Total
Liabilities 
Foreign Currency Exchange Contracts
$ —
$ (1,080
)
$ —
$ (1,080
)
 
$48,046
$(1,080
)
$—
$46,966
 
(a)
Unfunded floating rate loan interests are valued at the unrealized appreciation (depreciation) on the commitment.
(b)
Derivative financial instruments are futures contracts and forward foreign currency exchange contracts. Futures contracts and forward foreign currency exchange contracts are valued
at the unrealized appreciation (depreciation) on the instrument.
A reconciliation of Level 3 financial instruments is presented when the Fund had a significant amount of Level 3 investments and derivative financial instruments 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
Fixed
Rate
Loan
Interests
Floating
Rate
Loan
Interests
Other
Interests
Preferred
Stocks
Unfunded
Floating
Rate
Loan
Interests
Assets
Opening balance, as of December 31, 2025
$ 1,807,223
$ 69,012
$ —
$ 13,788,015
$ —(a
)
$ 71,415
$ 272
Transfers into Level 3(b)
—
—
—
4,252,322
—
—
5,481
Transfers out of Level 3(c)
—
—
—
(4,625,212
)
—
—
(272
)
Accrued discounts/premiums
—
760
—
4,954
—
—
—
Net realized gain (loss)
—
—
—
(83,472
)
—
—
—
Net change in unrealized appreciation (depreciation)(d)
(677,500
)
(1,245
)
(1,782
)
(32,834
)
—
(13,169
)
(24,118
)
Purchases
1,122,608
—
1,782
2,119,776
—
—
—
Sales
(851,289
)
—
—
(4,915,857
)
—
—
—
Closing balance, as of March 31, 2026
$ 1,401,042
$ 68,527
$ —
$ 10,507,692
$ —(a
)
$ 58,246
$ (18,637
)
Net change in unrealized appreciation (depreciation) on investments still held at March 31, 2026(d)
$ (1,445,165
)
$ (1,245
)
$ (1,782
)
$ (70,814
)
$ —
$ (13,169
)
$ (24,119
)
 
 
Total
Assets
Opening balance, as of December 31, 2025
$ 15,735,937
Transfers into Level 3(b)
4,257,803
Transfers out of Level 3(c)
(4,625,484
)
Accrued discounts/premiums
5,714
Net realized gain (loss)
(83,472
)
Net change in unrealized appreciation (depreciation)(d)
(750,648
)
Purchases
3,244,166
Sales
(5,767,146
)
Closing balance, as of March 31, 2026
$ 12,016,870
Net change in unrealized appreciation (depreciation) on investments still held at March 31, 2026(d)
$ (1,556,294
)
 
(a)
Rounds to less than $1.
(b)
As of December 31, 2025, the Fund used observable inputs in determining the value of certain investments. As of March 31, 2026, the Fund used significant unobservable inputs in
determining the value of the same investments. As a result, investments at beginning of period value were transferred from Level 2 to Level 3 in the disclosure hierarchy.
(c)
As of December 31, 2025, the Fund used significant unobservable inputs in determining the value of certain investments. As of March 31, 2026, the Fund used observable inputs in
determining the value of the same investments. As a result, investments at beginning of period value were transferred from Level 3 to Level 2 in the disclosure hierarchy.
(d)
Any difference between net change in unrealized appreciation (depreciation) and net change in unrealized appreciation (depreciation) on investments still held at March 31, 2026 is
generally due to investments no longer held or categorized as Level 3 at period end.
The Fund’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.
Schedule of Investments
15
Schedule of Investments (unaudited)(continued)
March 31, 2026
BlackRock Floating Rate Income Strategies Fund, Inc. (FRA)
 
 
Currency Abbreviation 
EUR
Euro
USD
United States Dollar
 
Portfolio Abbreviation 
CLO
 Collateralized Loan Obligation
CME
 Chicago Mercantile Exchange
DAC
 Designated Activity Company
DIP
 Debtor-In-Possession
ETF
 Exchange-Traded Fund
GO
 General Obligation Bonds
PIK
 Payment-in-Kind
SOFR
 Secured Overnight Financing Rate
16