Schedule
of
Investments
(unaudited)
April
30,
2026
BlackRock
Floating
Rate
Income
Portfolio
2
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Common
Stocks
Construction
&
Engineering
—
0.1%
United
Site
Services
(a)
(b)
.................
262,518
$
1,903,255‌
Financial
Services
—
0.0%
Aimbridge
Topco
LLC
(a)
(b)
................
24,947
997,880‌
Food
Products
—
0.0%
H-Food
Holdings
LLC
(a)
.................
58,429
1,055,403‌
Ground
Transportation
—
0.0%
SIRVA,
Inc.
(a)
........................
8,136
6,778‌
Hotels,
Restaurants
&
Leisure
—
0.1%
(a)(b)
Fortrex
Holdings
LLC
..................
51,119
1,380,215‌
Hurtigruten
Global
Sales
A/S
.............
112,028
1‌
1,380,216‌
Household
Durables
—
0.0%
Svp
Singer
(a)
(b)
.......................
52,276
235,242‌
IT
Services
—
0.1%
Travelport
Technology
Ltd.
(a)
(b)
............
1,636
1,785,809‌
Machinery
—
0.0%
Ameriforge
Group,
Inc.
(a)
(b)
...............
5,385
—‌
Media
—
0.1%
Learfield
Communications
LLC
,
(Acquired
09/06/23
,
cost
$
0
)
(a)
(c)
................
14,037
1,647,003‌
Trading
Companies
&
Distributors
—
0.0%
TMK
Hawk
Parent
Corp.
(a)
(b)
..............
94,283
659,981‌
Transportation
Infrastructure
—
0.0%
Incora
Top
Holdco
LLC
(a)
(b)
...............
37,442
231,392‌
Wireless
Telecommunication
Services
—
0.1%
Altice
France
Lux
3
(a)
..................
66,137
1,346,736‌
Total
Common
Stocks
—
0
.5
%
(Cost:
$
13,827,950
)
...............................
11,249,695‌
Par
(000)
Par
(000)
Corporate
Bonds
Aerospace
&
Defense
—
0.0%
Wolverine
Escrow
LLC,
0.00%,
11/15/26
(b)
....
USD
2,628‌
—‌
Chemicals
—
0.0%
Illuminate
Buyer
LLC,
9.00%,
07/01/28
(d)
.....
34‌
33,987‌
Electric
Utilities
—
0.0%
Texas
Competitive
Electric
Holdings
Co.
LLC,
5.03%,
12/31/49
(a)
(b)
(e)
...............
8,430‌
1‌
Pharmaceuticals
—
0.3%
1261229
BC
Ltd.,
10.00%,
04/15/32
(d)
......
7,495‌
7,740,671‌
Transportation
Infrastructure
—
0.0%
Incora
Top
Holdco
LLC,
6.00%,
01/31/33
(a)
(b)
(e)
.
787‌
194,657‌
Wireless
Telecommunication
Services
—
0.0%
Ligado
Networks
LLC,
15.50%,
(15.50%
Cash
or
15.50%
PIK),
11/01/24
(a)
(d)
(e)
(f)
..........
1,919‌
599,740‌
Total
Corporate
Bonds
—
0
.3
%
(Cost:
$
9,744,005
)
...............................
8,569,056‌
Security
Par
(000)
Par
(000)
Value
Fixed
Rate
Loan
Interests
Health
Care
Technology
—
0.2%
Cotiviti,
Inc.,
1st
Lien
Term
Loan
,
7.63
%
,
05/01/31
...................
USD
4,941‌
$
4,684,516‌
Software
—
0.2%
Clover
Holdings
2
LLC,
1st
Lien
Term
Loan
,
7.75
%
,
12/09/31
...................
5,357‌
5,137,526‌
Total
Fixed
Rate
Loan
Interests
—
0
.4
%
(Cost:
$
10,297,629
)
...............................
9,822,042‌
Floating
Rate
Loan
Interests
Aerospace
&
Defense
—
3.1%
(g)
Atlas
CC
Acquisition
Corp.,
1st
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
0.75%
Floor
+
4.50%),
8.43
%
05/25/29
..............
18,046‌
3,329,504‌
Atlas
CC
Acquisition
Corp.,
1st
Lien
Term
Loan
C
,
(3-mo.
CME
Term
SOFR
at
0.75%
Floor
+
1.25%),
5.18
%
05/25/29
..............
2,634‌
463,672‌
Bleriot
US
Bidco,
Inc.,
1st
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.50%),
6.20
%
,
10/31/30
...................
6,440‌
6,455,846‌
Cobham
Ultra
SeniorCo
SARL,
Facility
1st
Lien
Term
Loan
B
,
(6-mo.
CME
Term
SOFR
at
0.50%
Floor
+
3.75%),
7.79
%
,
08/03/29
...
6,682‌
6,709,593‌
Dynasty
Acquisition
Co.,
Inc.,
1st
Lien
Term
Loan
B1
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.00%),
5.65
%
,
10/31/31
.............
8,028‌
8,051,511‌
Dynasty
Acquisition
Co.,
Inc.,
1st
Lien
Term
Loan
B2
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.00%),
5.65
%
,
10/31/31
.............
3,053‌
3,061,891‌
Kaman
Corp.,
1st
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
0.50%
Floor
+
2.25%),
5.95
%
,
02/26/32
...................
3,008‌
3,020,341‌
Peraton
Corp.,
1st
Lien
Term
Loan
B
,
(3-mo.
CME
Term
SOFR
at
0.75%
Floor
+
3.75%),
7.51
%
,
02/01/28
...................
9,019‌
7,691,576‌
Propulsion
BC
Finco
SARL,
1st
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
0.50%
Floor
+
2.50%),
6.20
%
,
12/01/32
.............
2,250‌
2,261,798‌
Setanta
Aircraft
Leasing
DAC,
1st
Lien
Term
Loan
B
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
1.75%),
5.45
%
,
11/06/28
........
2,506‌
2,519,292‌
TransDigm,
Inc.,
1st
Lien
Term
Loan
J
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.50%),
6.15
%
,
02/28/31
...................
8,289‌
8,299,936‌
TransDigm,
Inc.,
1st
Lien
Term
Loan
K
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.25%),
5.90
%
,
03/22/30
...................
8,898‌
8,910,258‌
TransDigm,
Inc.,
1st
Lien
Term
Loan
L
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.50%),
6.15
%
,
01/19/32
...................
1,103‌
1,104,380‌
TransDigm,
Inc.,
1st
Lien
Term
Loan
M
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.50%),
6.15
%
,
08/19/32
...................
8,726‌
8,738,078‌
TransDigm,
Inc.,
1st
Lien
Term
Loan
N
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.50%),
6.15
%
,
02/14/33
...................
5,757‌
5,765,290‌
76,382,966‌
Schedule
of
Investments
(unaudited)
(continued)
April
30,
2026
BlackRock
Floating
Rate
Income
Portfolio
3
(Percentages
shown
are
based
on
Net
Assets)
Security
Par
(000)
Par
(000)
Value
Automobile
Components
—
1.7%
(g)
Allison
Transmission,
Inc.,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
1.75%),
5.40
%
,
01/03/33
.............
USD
4,539‌
$
4,562,921‌
Clarios
Global
LP,
1st
Lien
Term
Loan
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.50%),
6.15
%
,
05/06/30
...........
11,948‌
11,988,903‌
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.75%),
6.40
%
,
01/28/32
...........
9,480‌
9,519,276‌
Garrett
Motion
Holdings,
Inc.,
1st
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
0.50%
Floor
+
2.00%),
5.67
%
,
01/30/32
............
641‌
641,370‌
Gates
Corp.,
1st
Lien
Term
Loan
B5
,
(1-mo.
CME
Term
SOFR
at
0.50%
Floor
+
1.75%),
5.40
%
,
06/04/31
...................
5,153‌
5,157,791‌
Gates
Global
LLC,
1st
Lien
Term
Loan
B4
,
(1-mo.
CME
Term
SOFR
at
0.50%
Floor
+
1.75%),
5.40
%
,
11/16/29
...................
1,619‌
1,619,887‌
Realtruck
Group,
Inc.,
1st
Lien
Term
Loan
A
,
(6-mo.
CME
Term
SOFR
at
1.50%
Floor
+
4.75%),
8.52
%
,
01/31/31
.............
428‌
241,259‌
Realtruck
Group,
Inc.,
1st
Lien
Term
Loan
B
,
(6-mo.
CME
Term
SOFR
at
0.00%
Floor
+
6.00%),
9.77
%
,
01/31/31
.............
1,894‌
1,081,622‌
Tenneco,
Inc.,
1st
Lien
Term
Loan
B
,
(3-mo.
CME
Term
SOFR
at
0.50%
Floor
+
5.00%),
8.76
%
-
8.80
%
,
11/17/28
...................
7,534‌
7,523,943‌
42,336,972‌
Automobiles
—
0.3%
(g)
Bombardier
Recreational
Products,
Inc.,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.25%),
5.90
%
,
01/22/31
........
2,747‌
2,738,998‌
Dealer
Tire
Financial
LLC,
1st
Lien
Term
Loan
B5
,
(1-mo.
CME
Term
SOFR
at
0.50%
Floor
+
3.00%),
6.65
%
,
07/02/31
.............
5,111‌
5,087,546‌
7,826,544‌
Beverages
—
0.4%
(g)
Naked
Juice
LLC,
1st
Lien
Term
Loan
(3-mo.
CME
Term
SOFR
at
0.50%
Floor
+
3.25%),
7.05
%
,
01/24/29
...........
1,503‌
841,413‌
(3-mo.
CME
Term
SOFR
at
1.00%
Floor
+
5.50%),
9.20
%
,
01/24/29
...........
6,589‌
6,554,863‌
(3-mo.
CME
Term
SOFR
at
0.50%
Floor
+
1.00%),
4.80
%
,
01/24/30
...........
3,426‌
700,831‌
Sazerac
Co.,
Inc.,
1st
Lien
Term
Loan
B2
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.00%),
5.66
%
,
07/09/32
...................
2,142‌
2,139,468‌
10,236,575‌
Biotechnology
—
0.6%
(g)
Biomarin
Pharmaceutical,
1st
Lien
Term
Loan
B
,
(12-mo.
CME
Term
SOFR
at
0.00%
Floor
+
1.75%),
5.17
%
,
01/28/33
.............
3,732‌
3,741,927‌
PAREXEL
International
Corp.,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.50%
Floor
+
2.75%),
6.40
%
,
12/12/31
............
10,512‌
10,511,981‌
14,253,908‌
Security
Par
(000)
Par
(000)
Value
Broadline
Retail
—
0.6%
(g)
Boots
Group
Finco
LP,
1st
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
3.25%),
6.92
%
,
08/30/32
.............
USD
6,659‌
$
6,690,542‌
StubHub
Holdco
Sub
LLC,
1st
Lien
Term
Loan
B
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
4.75%),
8.40
%
,
03/15/30
.............
7,745‌
7,665,446‌
14,355,988‌
Building
Products
—
1.5%
(g)
AZZ,
Inc.,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.50%
Floor
+
1.75%),
5.40
%
,
05/14/29
...................
376‌
377,477‌
Chariot
Buyer
LLC,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.75%),
6.40
%
,
09/08/32
...................
14,122‌
14,094,038‌
CP
Atlas
Buyer,
Inc.,
1st
Lien
Term
Loan
B
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
5.25%),
8.90
%
,
07/08/30
.............
4,810‌
4,290,140‌
CP
Iris
Holdco
I,
Inc.,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
4.00%),
7.65
%
,
10/27/32
(b)
..................
7,681‌
7,565,676‌
Gibraltar
Industries,
Inc.,
1st
Lien
Term
Loan
B
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.25%),
5.90
%
-
5.91
%
,
02/02/33
(b)
.......
1,552‌
1,551,538‌
Wilsonart
LLC,
1st
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
4.25%),
7.95
%
,
08/05/31
...................
9,459‌
8,570,830‌
36,449,699‌
Capital
Markets
—
5.0%
(g)
Allspring
Buyer
LLC,
1st
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
0.50%
Floor
+
3.00%),
6.75
%
,
11/01/30
...................
1,361‌
1,365,794‌
Ardonagh
Group
Finco
Pty.
Ltd.,
Facility
1st
Lien
Term
Loan
B
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.75%;
6-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.75%
at
0.00%
Floor
+
0.00%),
6.37
%
-
6.45
%
,
02/18/31
........
6,203‌
6,112,441‌
Aretec
Group,
Inc.,
1st
Lien
Term
Loan
B4
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
3.00%),
6.65
%
,
08/09/30
.............
3,970‌
3,977,446‌
Ascensus
Holdings,
Inc.,
1st
Lien
Term
Loan
B
,
(1-mo.
CME
Term
SOFR
at
0.50%
Floor
+
3.00%),
6.65
%
,
11/25/32
..............
6,345‌
6,286,309‌
Axalta
Coating
Systems
US
Holdings,
Inc.,
Facility
1st
Lien
Term
Loan
B7
,
(3-mo.
CME
Term
SOFR
at
0.50%
Floor
+
1.75%),
5.45
%
,
12/20/29
...................
8,601‌
8,610,403‌
BCPE
Pequod
Buyer,
Inc.,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.75%),
6.40
%
,
11/25/31
..............
7,677‌
7,590,491‌
Belron
Finance
2019
LLC,
1st
Lien
Term
Loan
B
,
(3-mo.
CME
Term
SOFR
at
0.50%
Floor
+
2.00%),
5.66
%
,
10/16/31
.............
16,760‌
16,830,311‌
Chicago
US
MidCo
III
LP,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.50%),
6.15
%
,
10/29/32
.............
8,369‌
8,372,834‌
Citadel
Securities
Global
Holdings
LLC,
Facility
1st
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.00%),
5.70
%
,
10/31/31
..
9,773‌
9,805,595‌
Digicel
International
Finance
Ltd.,
1st
Lien
Term
Loan
B
,
(6-mo.
CME
Term
SOFR
at
0.00%
Floor
+
4.50%),
8.16
%
,
08/09/32
........
2,699‌
2,699,926‌
Schedule
of
Investments
(unaudited)
(continued)
April
30,
2026
BlackRock
Floating
Rate
Income
Portfolio
4
(Percentages
shown
are
based
on
Net
Assets)
Security
Par
(000)
Par
(000)
Value
Capital
Markets
(continued)
Focus
Financial
Partners
LLC,
1st
Lien
Term
Loan
B
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.50%),
6.15
%
,
09/15/31
........
USD
12,229‌
$
12,127,103‌
GTCR
Everest
Borrower
LLC,
1st
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.50%),
6.20
%
,
09/05/31
............
2,609‌
2,603,001‌
Hudson
River
Trading
LLC,
1st
Lien
Term
Loan
B2
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.50%),
6.16
%
,
03/18/30
.............
6,935‌
6,952,373‌
Jane
Street
Group
LLC,
1st
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.00%),
5.67
%
,
12/15/31
.............
19,848‌
19,810,595‌
Jupiter
Borrower,
Inc.,
1st
Lien
Term
Loan
B
,
03/25/33
(h)
.......................
2,603‌
2,609,507‌
Osaic
Holdings,
Inc.,
1st
Lien
Term
Loan
B1
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.50%),
6.20
%
,
07/30/32
.............
8,585‌
8,578,733‌
124,332,862‌
Chemicals
—
3.2%
(g)
Aruba
Investments
Holdings
LLC,
1st
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
0.75%
Floor
+
4.00%),
7.77
%
,
11/24/27
(b)
...........
2,309‌
2,101,217‌
Chemours
Co.
LLC,
1st
Lien
Term
Loan
B4
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
3.50%),
7.15
%
,
10/15/32
.............
8,623‌
8,590,185‌
Derby
Buyer
LLC,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.50%
Floor
+
3.00%),
6.67
%
,
11/01/30
...................
5,395‌
5,398,302‌
Discovery
Purchaser
Corp.,
1st
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
0.50%
Floor
+
3.75%),
7.41
%
,
10/04/29
.............
5,563‌
5,504,976‌
Ecovyst
Catalyst
Technologies
LLC,
1st
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.00%),
5.66
%
,
06/12/31
........
3,159‌
3,162,296‌
Element
Solutions,
Inc.,
1st
Lien
Term
Loan
B3
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
1.75%),
5.40
%
,
12/18/30
.............
4,044‌
4,053,346‌
Fortis
333,
Inc.,
1st
Lien
Term
Loan
B
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
3.50%),
7.15
%
,
03/29/32
...................
3,955‌
3,895,653‌
HB
Fuller
Co.,
1st
Lien
Term
Loan
B
,
(1-mo.
CME
Term
SOFR
at
0.50%
Floor
+
1.75%),
5.40
%
,
02/15/30
...................
838‌
840,446‌
INEOS
US
Petrochem
LLC,
1st
Lien
Term
Loan
B
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
4.25%),
7.90
%
,
10/07/31
.............
947‌
828,942‌
Lonza
Group
AG,
Facility
1st
Lien
Term
Loan
B
,
(3-mo.
CME
Term
SOFR
at
0.75%
Floor
+
3.93%),
7.72
%
,
07/03/28
.............
5,815‌
5,371,708‌
Minerals
Technologies,
Inc.,
1st
Lien
Term
Loan
B
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.00%),
5.65
%
,
11/26/31
(b)
............
3,821‌
3,826,063‌
Olympus
Water
US
Holding
Corp.,
1st
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
3.25%),
6.95
%
,
11/03/32
............
3,481‌
3,440,649‌
Olympus
Water
US
Holding
Corp.,
1st
Lien
Term
Loan
B6
,
(3-mo.
CME
Term
SOFR
at
0.50%
Floor
+
3.00%),
6.70
%
,
06/23/31
........
5,528‌
5,453,776‌
OQ
Chemicals
International
Holding
GmbH,
1st
Lien
Term
Loan
B2
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
4.75%),
8.52
%
,
04/08/31
..
10,156‌
5,924,255‌
Security
Par
(000)
Par
(000)
Value
Chemicals
(continued)
Paint
Intermediate
III
LLC,
1st
Lien
Term
Loan
B
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
3.00%),
6.67
%
,
10/09/31
.............
USD
3,505‌
$
3,508,105‌
Solstice
Advanced
Materials,
Inc.,
1st
Lien
Term
Loan
B
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
1.75%),
5.41
%
,
10/29/32
........
4,247‌
4,272,227‌
Sparta
US
HoldCo
LLC,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.75%
Floor
+
3.00%),
6.66
%
,
08/02/30
.............
6,084‌
6,085,521‌
WR
Grace
Holdings
LLC,
1st
Lien
Term
Loan
B1
,
(3-mo.
CME
Term
SOFR
at
0.50%
Floor
+
3.00%),
6.70
%
,
08/19/32
.............
6,380‌
6,379,853‌
78,637,520‌
Commercial
Services
&
Supplies
—
3.5%
(g)
Action
Environmental
Group,
Inc.
(The),
1st
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
0.50%
Floor
+
3.00%),
6.70
%
,
10/24/30
........
5,117‌
5,105,002‌
Allied
Universal
Holdco
LLC,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
3.25%),
6.90
%
,
08/20/32
.............
17,898‌
17,941,674‌
Anticimex
Global
AB,
Facility
1st
Lien
Term
Loan
B8
,
11/17/31
(h)
.....................
1,977‌
1,980,716‌
Asplundh
Tree
Expert
LLC,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
1.75%),
5.50
%
,
09/06/27
.............
2,801‌
2,810,684‌
Citrin
Cooperman
Advisors
LLC,
1st
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
3.00%),
6.70
%
,
04/01/32
............
6,228‌
5,994,098‌
Clean
Harbors,
Inc.,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
1.50%),
5.17
%
,
10/11/32
...................
2,359‌
2,372,983‌
Grant
Thornton
Advisors
LLC,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.75%),
6.40
%
,
06/02/31
............
7,340‌
7,104,983‌
Innio
North
America
Holding,
Inc.,
Facility
1st
Lien
Term
Loan
B
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.00%),
5.66
%
,
11/03/31
....
6,214‌
6,220,187‌
JFL-Tiger
Acquisition
Co.,
Inc.,
1st
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
0.50%
Floor
+
3.75%),
7.46
%
,
10/17/30
............
4,221‌
4,221,493‌
LABL,
Inc.,
1st
Lien
Term
Loan
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
6.75%),
10.41
%
,
11/03/26
...........
789‌
786,492‌
(3-mo.
CME
Term
SOFR
at
0.50%
Floor
+
6.75%),
10.41
%
-
10.46
%
,
12/02/26
(b)
...
762‌
640,410‌
LABL,
Inc.,
1st
Lien
Term
Loan
B
,
(3-mo.
CME
Term
SOFR
at
0.50%
Floor
+
5.00%),
8.77
%
,
10/30/28
(a)
(b)
(e)
................
9,761‌
4,880,355‌
Novelis,
Inc.,
1st
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
1.75%),
5.45
%
,
03/11/32
...................
10,790‌
10,820,330‌
Prime
Security
Services
Borrower
LLC,
1st
Lien
Term
Loan
B1
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.00%),
5.66
%
,
10/15/30
...
1,050‌
1,050,540‌
Prime
Security
Services
Borrower
LLC,
1st
Lien
Term
Loan
B2
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
1.75%),
5.41
%
,
03/08/32
...
8,174‌
8,079,627‌
Reworld
Holding
Corp.,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.50%
Floor
+
2.25%),
5.90
%
,
01/15/31
.............
1,908‌
1,908,217‌
Reworld
Holding
Corp.,
1st
Lien
Term
Loan
B
,
(1-mo.
CME
Term
SOFR
at
0.50%
Floor
+
2.25%),
5.91
%
,
01/15/31
.............
3,250‌
3,250,070‌
Schedule
of
Investments
(unaudited)
(continued)
April
30,
2026
BlackRock
Floating
Rate
Income
Portfolio
5
(Percentages
shown
are
based
on
Net
Assets)
Security
Par
(000)
Par
(000)
Value
Commercial
Services
&
Supplies
(continued)
Reworld
Holding
Corp.,
1st
Lien
Term
Loan
C
,
(1-mo.
CME
Term
SOFR
at
0.50%
Floor
+
2.25%),
5.91
%
,
01/15/31
.............
USD
528‌
$
528,136‌
Summer
BC
Holdco
B
SARL,
Facility
1st
Lien
Term
Loan
B
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
5.00%),
8.96
%
,
02/15/29
...
1,925‌
1,615,529‌
87,311,526‌
Communications
Equipment
—
0.3%
Ciena
Corp.,
1st
Lien
Term
Loan
,
(US
Prime
Rate
at
0.00%
Floor
+
0.75%),
7.50
%
,
10/24/30
(g)
.
6,869‌
6,864,651‌
Construction
&
Engineering
—
1.0%
(g)
Azuria
Water
Solutions,
Inc.,
1st
Lien
Term
Loan
,
(12-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.75%),
6.19
%
,
04/25/33
(b)
............
5,377‌
5,363,681‌
Azuria
Water
Solutions,
Inc.,
Delayed
Draw
1st
Lien
Term
Loan
,
(12-mo.
CME
Term
SOFR
at
0.00%
Floor
+
0.00%),
0.00
%
,
04/25/33
(b)
..
717‌
715,157‌
Brand
Industrial
Services,
Inc.,
1st
Lien
Term
Loan
C
,
(3-mo.
CME
Term
SOFR
at
0.50%
Floor
+
4.50%),
8.16
%
,
08/01/30
........
9,661‌
8,356,165‌
Construction
Partners,
Inc.,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.50%),
6.15
%
,
11/03/31
..............
2,581‌
2,594,621‌
Dycom
Industries,
Inc.,
1st
Lien
Term
Loan
B
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
1.75%),
5.40
%
,
01/27/33
.............
2,246‌
2,261,453‌
Legence
Holdings
LLC,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.75%
Floor
+
2.25%),
5.90
%
,
12/16/31
.............
5,544‌
5,562,880‌
24,853,957‌
Construction
Materials
—
1.8%
(g)
American
Builders
&
Contractors
Supply
Co.,
Inc.,
1st
Lien
Term
Loan
B
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
1.75%),
5.40
%
,
01/31/31
...................
7,648‌
7,670,491‌
MSOF
Beacon
LLC,
1st
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.50%),
6.17
%
,
12/23/32
...................
1,668‌
1,673,555‌
NEW
AMI
I
LLC,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.50%
Floor
+
6.00%),
9.65
%
,
03/08/29
...................
1,933‌
1,371,285‌
Quikrete
Holdings,
Inc.,
1st
Lien
Term
Loan
B1
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.25%),
5.90
%
,
04/14/31
.............
5,925‌
5,926,718‌
Quikrete
Holdings,
Inc.,
1st
Lien
Term
Loan
B2
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.25%),
5.90
%
,
03/19/29
.............
5,315‌
5,317,948‌
Quikrete
Holdings,
Inc.,
1st
Lien
Term
Loan
B3
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.25%),
5.90
%
,
02/10/32
.............
5,507‌
5,508,846‌
Standard
Industries,
Inc.,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.50%
Floor
+
1.75%),
5.40
%
,
09/22/28
.............
1,005‌
1,005,612‌
White
Cap
Supply
Holdings
LLC,
Facility
1st
Lien
Term
Loan
C
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
3.25%),
6.92
%
,
10/19/29
...
16,657‌
16,551,618‌
45,026,073‌
Security
Par
(000)
Par
(000)
Value
Consumer
Staples
Distribution
&
Retail
—
0.9%
(g)
BCPE
Empire
Holdings,
Inc.,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
3.50%),
7.15
%
,
12/29/32
.............
USD
10,859‌
$
10,835,219‌
EG
America
LLC,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
3.25%),
6.90
%
,
02/10/31
...................
9,169‌
9,169,000‌
US
Foods,
Inc.,
1st
Lien
Term
Loan
B
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
1.75%),
5.42
%
,
10/03/31
...................
1,487‌
1,498,632‌
21,502,851‌
Containers
&
Packaging
—
2.3%
(g)
Charter
Next
Generation,
Inc.,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.75%
Floor
+
2.50%),
6.16
%
,
11/29/30
............
10,321‌
10,318,199‌
Clydesdale
Acquisition
Holdings,
Inc.,
1st
Lien
Term
Loan
B
(1-mo.
CME
Term
SOFR
at
0.50%
Floor
+
3.18%),
6.83
%
,
04/13/29
...........
1,070‌
1,018,319‌
(1-mo.
CME
Term
SOFR
at
0.50%
Floor
+
3.25%),
6.90
%
,
04/01/32
...........
8,302‌
7,678,683‌
Colossus
Acquireco
LLC,
1st
Lien
Term
Loan
,
(1-day
SOFR
at
0.00%
Floor
+
1.75%),
5.38
%
,
07/30/32
...................
11,134‌
11,131,258‌
Graham
Packaging
Co.,
Inc.,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.25%),
5.90
%
,
01/26/33
.............
5,919‌
5,907,162‌
Mauser
Packaging
Solutions
Holding
Co.,
1st
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
3.50%),
7.16
%
,
04/15/30
...
4,890‌
4,797,285‌
Pregis
TopCo
LLC,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
4.00%),
7.65
%
,
02/01/29
...................
4,126‌
4,124,806‌
ProAmpac
PG
Borrower
LLC,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
4.00%),
7.77
%
,
03/07/33
............
4,468‌
4,361,690‌
Ring
Container
Technologies
Group
LLC,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.50%
Floor
+
2.50%),
6.15
%
,
09/15/32
...
4,098‌
4,092,455‌
Trident
TPI
Holdings,
Inc.,
1st
Lien
Term
Loan
B7
,
(3-mo.
CME
Term
SOFR
at
0.50%
Floor
+
3.75%),
7.45
%
,
09/15/28
.............
3,686‌
3,466,890‌
56,896,747‌
Diversified
Consumer
Services
—
0.8%
(g)
Bright
Horizons
Family
Solutions
LLC,
1st
Lien
Term
Loan
B
,
(1-mo.
CME
Term
SOFR
at
0.50%
Floor
+
1.75%),
5.40
%
,
08/23/32
...
4,231‌
4,229,306‌
OMNIA
Partners
LLC,
1st
Lien
Term
Loan
C
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.75%),
6.43
%
,
12/31/32
.............
2,446‌
2,456,528‌
PG
Polaris
BidCo
SARL,
1st
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.25%),
5.95
%
,
03/26/31
.............
4,364‌
4,381,720‌
Wand
NewCo
3,
Inc.,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.50%),
6.15
%
,
01/30/31
...................
9,501‌
9,512,245‌
20,579,799‌
Diversified
REITs
—
0.1%
RHP
Hotel
Properties
LP,
1st
Lien
Term
Loan
B
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
1.75%),
5.40
%
,
05/18/30
(g)
............
2,270‌
2,269,649‌
Schedule
of
Investments
(unaudited)
(continued)
April
30,
2026
BlackRock
Floating
Rate
Income
Portfolio
6
(Percentages
shown
are
based
on
Net
Assets)
Security
Par
(000)
Par
(000)
Value
Diversified
Telecommunication
Services
—
1.6%
(g)
Level
3
Financing,
Inc.,
1st
Lien
Term
Loan
B4
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
3.25%),
6.90
%
,
03/29/32
.............
USD
15,639‌
$
15,672,467‌
Radiate
Holdco
LLC,
1st
Lien
Term
Loan
(1-mo.
CME
Term
SOFR
at
1.00%
Floor
+
4.00%),
7.65
%
,
06/26/29
...........
194‌
194,010‌
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
3.50%),
7.27
%
09/25/29
............
10,679‌
9,715,833‌
Radiate
Holdco
LLC,
Delayed
Draw
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
1.00%
Floor
+
4.00%),
7.65
%
,
06/26/29
........
194‌
194,009‌
Sunrise
Financing
Partnership,
Facility
1st
Lien
Term
Loan
B
,
(6-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.47%),
6.10
%
,
02/16/32
...
2,258‌
2,257,142‌
Virgin
Media
Bristol
LLC,
Facility
1st
Lien
Term
Loan
Q
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
3.25%),
7.02
%
,
01/31/29
........
3,996‌
3,901,503‌
Zayo
Group
Holdings,
Inc.,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
3.00%),
6.77
%
03/11/30
..............
7,459‌
7,440,255‌
39,375,219‌
Electric
Utilities
—
0.6%
(g)
NRG
Energy,
Inc.,
1st
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
1.75%),
5.42
%
,
04/16/31
...................
13,687‌
13,708,457‌
NRG
Energy,
Inc.,
1st
Lien
Term
Loan
B
,
(12-mo.
CME
Term
SOFR
at
0.00%
Floor
+
1.75%),
5.56
%
,
04/15/33
...................
1,298‌
1,302,543‌
15,011,000‌
Electronic
Equipment,
Instruments
&
Components
—
0.6%
(g)
Celestica,
Inc.,
1st
Lien
Term
Loan
B
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
1.75%),
5.40
%
,
06/20/31
...................
3,144‌
3,138,121‌
Coherent
Corp.,
1st
Lien
Term
Loan
B3
,
(1-mo.
CME
Term
SOFR
at
0.50%
Floor
+
1.75%),
5.40
%
,
07/02/29
...................
6,038‌
6,038,328‌
CoorsTek,
Inc.,
1st
Lien
Term
Loan
B
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
3.00%),
6.67
%
,
10/28/32
...................
803‌
807,669‌
Sanmina
Corp.,
1st
Lien
Term
Loan
B1
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.00%),
5.66
%
,
10/27/32
(b)
..................
4,840‌
4,858,150‌
14,842,268‌
Energy
Equipment
&
Services
—
0.3%
(g)
Covia
Holdings
LLC,
1st
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.75%),
6.43
%
,
02/26/32
...................
5,590‌
5,566,284‌
Deep
Blue
Operating
I
LLC,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.75%),
6.41
%
,
10/01/32
.............
1,482‌
1,487,558‌
7,053,842‌
Entertainment
—
3.5%
(g)
City
Football
Group
Ltd.,
1st
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
0.50%
Floor
+
3.50%),
7.43
%
,
07/22/30
.............
4,357‌
4,339,337‌
Creative
Artists
Agency
LLC,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.50%),
6.15
%
,
10/01/31
.............
12,113‌
12,140,246‌
Delta
2
(Lux)
SARL,
1st
Lien
Term
Loan
B
,
(1-mo.
CME
Term
SOFR
at
0.50%
Floor
+
1.75%),
5.45
%
,
09/30/31
.............
10,722‌
10,730,155‌
Security
Par
(000)
Par
(000)
Value
Entertainment
(continued)
EOC
Borrower
LLC,
1st
Lien
Term
Loan
B
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.75%),
6.40
%
,
03/24/32
.............
USD
12,394‌
$
12,422,102‌
Live
Nation
Entertainment,
Inc.,
1st
Lien
Term
Loan
B
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.00%),
5.66
%
,
10/21/32
........
6,517‌
6,514,647‌
Motion
Finco
SARL,
Facility
1st
Lien
Term
Loan
B3
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
3.50%),
7.20
%
,
11/13/29
..............
9,466‌
8,374,864‌
OAK-Eagle
Acquireco,
Inc.,
1st
Lien
Term
Loan
B1
,
03/23/33
(h)
.....................
16,540‌
16,544,135‌
TKO
Worldwide
Holdings
LLC,
1st
Lien
Term
Loan
B5
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.00%),
5.66
%
,
11/21/31
........
15,758‌
15,794,044‌
86,859,530‌
Financial
Services
—
3.4%
(g)
ABG
Intermediate
Holdings
2
LLC,
1st
Lien
Term
Loan
B1
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.25%),
5.90
%
,
12/21/28
........
7,086‌
7,099,836‌
Acuren
Delaware
Holdco,
Inc.,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.75%),
6.40
%
,
07/30/31
............
2,142‌
2,149,465‌
Aggreko
Holdings,
Inc.,
1st
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
0.50%
Floor
+
3.00%),
6.66
%
,
05/21/31
.............
9,456‌
9,484,054‌
Apex
Group
Treasury
LLC,
1st
Lien
Term
Loan
B
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
3.50%),
7.17
%
,
02/27/32
.............
9,847‌
9,235,251‌
APi
Group
DE,
Inc.,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
1.75%),
5.40
%
,
01/03/29
...................
7,809‌
7,830,293‌
CPI
Holdco
B
LLC,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.00%),
5.65
%
,
05/19/31
...................
14,532‌
14,526,594‌
Gryphon
Acquire
NewCo
LLC,
1st
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
3.00%),
6.67
%
,
09/13/32
............
4,560‌
4,564,742‌
Hyperion
Refinance
SARL,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.50%
Floor
+
2.75%),
6.40
%
,
02/17/31
.............
7,511‌
7,391,477‌
LBM
Acquisition
LLC,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.75%
Floor
+
3.75%),
7.50
%
,
06/06/31
...................
3,521‌
2,929,506‌
Orion
US
Finco,
Inc.,
1st
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
3.50%),
7.17
%
,
10/08/32
...................
5,399‌
5,389,714‌
Sotera
Health
Holdings
LLC,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.50%),
6.17
%
,
05/30/31
.............
7,426‌
7,447,278‌
Summit
Acquisition,
Inc.,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
3.50%),
7.17
%
,
10/16/31
.............
325‌
326,042‌
WEX,
Inc.,
1st
Lien
Term
Loan
B2
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
1.75%),
5.40
%
,
04/03/28
...................
2,962‌
2,962,406‌
WEX,
Inc.,
1st
Lien
Term
Loan
B3
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
1.75%),
5.40
%
,
03/05/32
...................
3,703‌
3,688,049‌
85,024,707‌
Schedule
of
Investments
(unaudited)
(continued)
April
30,
2026
BlackRock
Floating
Rate
Income
Portfolio
7
(Percentages
shown
are
based
on
Net
Assets)
Security
Par
(000)
Par
(000)
Value
Food
Products
—
1.3%
(g)
Chobani
LLC,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.25%),
5.92
%
,
10/28/32
...................
USD
12,607‌
$
12,672,709‌
Froneri
International
Ltd.,
Facility
1st
Lien
Term
Loan
B4
,
(6-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.25%),
5.88
%
,
09/30/31
........
8,779‌
8,705,117‌
Froneri
US,
Inc.,
Facility
1st
Lien
Term
Loan
B6
,
(6-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.25%),
5.88
%
,
09/30/32
.............
2,439‌
2,420,084‌
MP
Midco
Holdings
LLC,
1st
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
2.00%
Floor
+
6.50%),
10.16
%
,
03/29/30
.............
944‌
944,106‌
Treehouse
Foods,
Inc.,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
4.25%),
7.90
%
,
02/11/33
..............
4,495‌
4,527,319‌
Utz
Quality
Foods
LLC,
1st
Lien
Term
Loan
B
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.50%),
6.20
%
,
01/29/32
.............
1,891‌
1,892,621‌
Wellness
Pet
LLC,
1st
Lien
Term
Loan
B
,
(3-mo.
CME
Term
SOFR
at
0.75%
Floor
+
3.75%),
7.71
%
,
12/31/29
...................
429‌
57,546‌
31,219,502‌
Gas
Utilities
—
0.5%
(g)
Bip
Pipeco
Holding
LLC,
1st
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.00%),
5.68
%
,
12/05/30
.............
1,028‌
1,030,274‌
M6
ETX
Holdings
II
Midco
LLC,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.50%),
6.15
%
,
04/01/32
............
3,853‌
3,862,577‌
NGL
Energy
Operating
LLC,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
3.50%),
7.15
%
,
03/11/33
..............
2,782‌
2,787,230‌
Traverse
Midstream
Partners
LLC,
1st
Lien
Term
Loan
B
,
04/20/33
(h)
..................
1,543‌
1,543,972‌
Venture
Global
Calcasieu
Pass
LLC,
1st
Lien
Term
Loan
,
(12-mo.
CME
Term
SOFR
at
0.00%
Floor
+
3.25%),
6.72
%
,
04/11/33
....
4,302‌
4,312,067‌
13,536,120‌
Ground
Transportation
—
0.6%
(g)
Genesee
&
Wyoming,
Inc.,
1st
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
1.75%),
5.45
%
,
04/10/31
.............
9,132‌
9,137,577‌
Hertz
Corp.
(The),
1st
Lien
Term
Loan
B
,
(3-mo.
CME
Term
SOFR
at
0.50%
Floor
+
3.50%),
7.16
%
,
06/30/28
...................
4,951‌
3,883,851‌
Hertz
Corp.
(The),
1st
Lien
Term
Loan
C
,
(3-mo.
CME
Term
SOFR
at
0.50%
Floor
+
3.50%),
7.16
%
,
06/30/28
...................
943‌
739,514‌
SIRVA
Worldwide,
Inc.,
1st
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
2.00%
Floor
+
8.00%),
11.66
%
,
08/20/29
.............
5,181‌
2,022,014‌
15,782,956‌
Health
Care
Equipment
&
Supplies
—
1.4%
(g)
Bausch
+
Lomb
Corp.,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
3.75%),
7.40
%
,
01/15/31
.............
9,154‌
9,196,639‌
Hologic,
Inc.,
1st
Lien
Term
Loan
B
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.25%),
5.92
%
,
04/07/33
...................
20,087‌
19,974,111‌
Security
Par
(000)
Par
(000)
Value
Health
Care
Equipment
&
Supplies
(continued)
QuidelOrtho
Corp.,
1st
Lien
Term
Loan
B
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
4.00%),
7.65
%
,
08/20/32
...................
USD
5,588‌
$
5,416,362‌
34,587,112‌
Health
Care
Providers
&
Services
—
2.3%
(g)
ACP
Tara
Holdings,
Inc.,
1st
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
3.25%),
6.95
%
,
12/15/32
.............
1,057‌
1,058,585‌
AHP
Health
Partners,
Inc.,
1st
Lien
Term
Loan
B
,
(1-mo.
CME
Term
SOFR
at
0.50%
Floor
+
2.25%),
5.90
%
,
09/20/32
.............
898‌
900,409‌
CHG
Healthcare
Services,
Inc.,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.50%
Floor
+
2.75%),
6.40
%
,
09/29/28
............
5,255‌
5,258,792‌
CNT
Holdings
I
Corp.,
1st
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
0.75%
Floor
+
2.50%),
6.16
%
,
11/08/32
...................
6,951‌
6,974,142‌
Concentra
Health
Services,
Inc.,
1st
Lien
Term
Loan
B1
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.00%),
5.65
%
,
07/28/31
........
2,592‌
2,603,063‌
Examworks
Bidco,
Inc.,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.50%
Floor
+
2.50%),
6.15
%
,
02/07/33
.............
5,404‌
5,421,832‌
EyeCare
Partners
LLC,
1st
Lien
Term
Loan
C
,
(6-mo.
CME
Term
SOFR
at
0.00%
Floor
+
6.75%),
6.75
%
,
11/30/28
(a)
(e)
...........
243‌
40,654‌
LifePoint
Health,
Inc.,
1st
Lien
Term
Loan
B1
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
3.75%),
7.42
%
,
05/19/31
.............
6,012‌
5,983,644‌
Medical
Solutions
Holdings,
Inc.,
1st
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
0.50%
Floor
+
3.50%),
7.26
%
,
11/01/28
............
5,055‌
698,228‌
Medical
Solutions
Holdings,
Inc.,
2nd
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
7.00%),
10.76
%
,
11/01/29
...........
3,196‌
217,333‌
Medline
Borrower
LP,
1st
Lien
Term
Loan
(1-mo.
CME
Term
SOFR
at
0.50%
Floor
+
1.75%),
5.40
%
,
10/23/28
...........
3,933‌
3,945,813‌
(1-mo.
CME
Term
SOFR
at
0.50%
Floor
+
1.75%),
5.40
%
,
10/23/30
...........
5,204‌
5,223,636‌
Option
Care
Health,
Inc.,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.50%
Floor
+
1.75%),
5.40
%
,
09/22/32
.............
5,930‌
5,948,852‌
Raven
Acquisition
Holdings
LLC,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
3.00%),
6.65
%
,
11/19/31
............
3,627‌
3,602,795‌
Surgery
Center
Holdings,
Inc.,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.50%),
6.17
%
,
12/19/30
............
5,933‌
5,947,196‌
Team
Health
Holdings,
Inc.,
1st
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
4.00%),
7.66
%
,
06/30/28
.............
2,492‌
2,492,598‌
56,317,572‌
Health
Care
Technology
—
1.4%
(g)
AthenaHealth
Group,
Inc.,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.50%
Floor
+
2.75%),
6.40
%
,
02/15/29
.............
9,937‌
9,892,799‌
Cotiviti,
Inc.,
1st
Lien
Term
Loan
B
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.75%),
6.41
%
,
05/01/31
...................
9,062‌
8,305,507‌
Gainwell
Acquisition
Corp.,
1st
Lien
Term
Loan
B
,
(3-mo.
CME
Term
SOFR
at
0.75%
Floor
+
4.00%),
7.80
%
,
10/01/27
.............
2,884‌
2,831,308‌
Schedule
of
Investments
(unaudited)
(continued)
April
30,
2026
BlackRock
Floating
Rate
Income
Portfolio
8
(Percentages
shown
are
based
on
Net
Assets)
Security
Par
(000)
Par
(000)
Value
Health
Care
Technology
(continued)
PointClickCare
Technologies,
Inc.,
1st
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.75%),
6.41
%
,
11/03/31
............
USD
3,651‌
$
3,648,467‌
Polaris
Newco
LLC,
1st
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
0.50%
Floor
+
4.00%),
7.93
%
,
06/02/28
...................
7,330‌
6,370,371‌
Waystar
Technologies,
Inc.,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.00%),
5.65
%
,
10/22/29
(b)
............
3,157‌
3,157,192‌
34,205,644‌
Hotels,
Restaurants
&
Leisure
—
5.7%
(g)
1011778
BC
ULC,
1st
Lien
Term
Loan
B5
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
1.75%),
5.42
%
,
09/20/30
...................
6,991‌
6,992,868‌
Aimbridge
Acquisition
Co.,
Inc.,
1st
Lien
Term
Loan
(1-mo.
CME
Term
SOFR
at
1.00%
Floor
+
5.50%),
9.28
%
,
03/11/30
............
1,424‌
1,391,800‌
(1-mo.
CME
Term
SOFR
at
1.00%
Floor
+
7.61%),
11.28
%
,
03/11/30
...........
1,344‌
1,312,902‌
Alterra
Mountain
Co.,
1st
Lien
Term
Loan
B8
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.50%),
6.17
%
,
05/31/30
.............
6,496‌
6,501,537‌
Caesars
Entertainment,
Inc.,
1st
Lien
Term
Loan
B
,
(1-mo.
CME
Term
SOFR
at
0.50%
Floor
+
2.25%),
5.90
%
,
02/06/30
.............
7,370‌
7,142,422‌
Caesars
Entertainment,
Inc.,
1st
Lien
Term
Loan
B1
,
(1-mo.
CME
Term
SOFR
at
0.50%
Floor
+
2.25%),
5.90
%
,
02/06/31
.............
10,581‌
10,230,266‌
Crown
Finance
US,
Inc.,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
4.50%),
8.16
%
,
12/02/31
.............
3,244‌
3,239,776‌
DK
Crown
Holdings,
Inc.,
1st
Lien
Term
Loan
B
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
1.75%),
5.41
%
,
03/04/32
.............
9,687‌
9,694,842‌
Fertitta
Entertainment
LLC,
1st
Lien
Term
Loan
B
,
(1-mo.
CME
Term
SOFR
at
0.50%
Floor
+
3.25%),
6.90
%
,
01/29/29
.............
10,049‌
9,957,179‌
Flutter
Financing
BV,
1st
Lien
Term
Loan
B
(3-mo.
CME
Term
SOFR
at
0.50%
Floor
+
1.75%),
5.45
%
,
12/02/30
...........
10,717‌
10,676,948‌
(3-mo.
CME
Term
SOFR
at
0.50%
Floor
+
2.00%),
5.70
%
,
06/04/32
...........
4,837‌
4,803,915‌
Fortrex
LLC,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
1.00%
Floor
+
1.00%),
4.75
%
,
03/10/31
...................
1,209‌
1,152,317‌
Four
Seasons
Hotels
Ltd.,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.50%
Floor
+
1.75%),
5.42
%
,
09/22/32
.............
4,695‌
4,727,855‌
Great
Canadian
Gaming
Corp.,
1st
Lien
Term
Loan
B
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
4.75%),
8.44
%
,
11/01/29
........
4,583‌
4,455,150‌
Herschend
Entertainment
Co.
LLC,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.50%),
6.15
%
,
05/27/32
............
4,779‌
4,795,794‌
Hilton
Domestic
Operating
Co.,
Inc.,
1st
Lien
Term
Loan
B4
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
1.75%),
5.40
%
,
11/08/30
....
5,382‌
5,404,370‌
IRB
Holding
Corp.,
1st
Lien
Term
Loan
B
,
(1-mo.
CME
Term
SOFR
at
0.75%
Floor
+
2.50%),
6.15
%
,
12/16/30
...................
7,546‌
7,563,228‌
Security
Par
(000)
Par
(000)
Value
Hotels,
Restaurants
&
Leisure
(continued)
Light
&
Wonder
International,
Inc.,
1st
Lien
Term
Loan
B3
,
(1-mo.
CME
Term
SOFR
at
0.50%
Floor
+
2.00%),
5.65
%
,
04/16/29
........
USD
3,127‌
$
3,127,450‌
Ontario
Gaming
GTA
LP,
1st
Lien
Term
Loan
B
,
(3-mo.
CME
Term
SOFR
at
0.50%
Floor
+
4.25%),
7.95
%
,
08/01/30
.............
2,868‌
2,714,878‌
Penn
Entertainment,
Inc.,
1st
Lien
Term
Loan
B
,
(1-mo.
CME
Term
SOFR
at
0.50%
Floor
+
2.50%),
6.15
%
,
05/03/29
.............
4,803‌
4,818,855‌
Scientific
Games
Holdings
LP,
1st
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
0.50%
Floor
+
3.00%),
6.67
%
,
04/04/29
............
4,191‌
4,123,090‌
SeaWorld
Parks
&
Entertainment,
Inc.,
1st
Lien
Term
Loan
B3
,
(1-mo.
CME
Term
SOFR
at
0.50%
Floor
+
2.00%),
5.65
%
,
12/04/31
...
3,041‌
3,003,224‌
Station
Casinos
LLC,
Facility
1st
Lien
Term
Loan
B
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.00%),
5.65
%
,
03/14/31
.............
6,203‌
6,216,623‌
TRQ
Sales
LLC,
1st
Lien
Term
Loan
,
(12-mo.
CME
Term
SOFR
at
0.00%
Floor
+
3.25%),
7.23
%
,
12/30/32
(b)
..................
4,205‌
4,126,156‌
Voyager
Parent
LLC,
1st
Lien
Term
Loan
B
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
4.25%),
7.95
%
,
07/01/32
.............
6,562‌
6,559,376‌
Whatabrands
LLC,
1st
Lien
Term
Loan
B
,
(1-mo.
CME
Term
SOFR
at
0.50%
Floor
+
2.50%),
6.15
%
,
08/03/28
...................
3,571‌
3,575,677‌
Wyndham
Hotels
&
Resorts,
Inc.,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
1.75%),
5.40
%
,
05/24/30
............
3,405‌
3,424,055‌
141,732,553‌
Household
Durables
—
0.7%
(g)
Madison
Safety
&
Flow
LLC,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.50%),
6.15
%
,
09/26/31
.............
2,687‌
2,689,414‌
Somnigroup
International,
Inc.,
1st
Lien
Term
Loan
B
,
(1-day
SOFR
at
0.00%
Floor
+
2.25%),
5.88
%
,
10/24/31
.............
2,873‌
2,880,122‌
SWF
Holdings
I
Corp.,
1st
Lien
Term
Loan
A1
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
4.50%),
8.17
%
,
12/19/29
.............
1,850‌
1,832,811‌
SWF
Holdings
I
Corp.,
Delayed
Draw
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
1.00%
Floor
+
4.50%),
8.17
%
,
12/19/29
........
2,467‌
2,443,748‌
Weber-Stephen
Products
LLC,
1st
Lien
Term
Loan
B
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
3.75%),
7.44
%
,
10/01/32
........
7,102‌
6,910,033‌
16,756,128‌
Household
Products
—
0.2%
Lavender
Dutch
Borrower
Co.
BV,
Facility
1st
Lien
Term
Loan
B
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
3.25%),
6.95
%
,
12/30/32
(g)
..
4,274‌
4,240,905‌
Independent
Power
and
Renewable
Electricity
Producers
—
0.7%
(g)
Calpine
Construction
Finance
Co.
LP,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
1.75%),
5.40
%
,
07/31/30
........
4,226‌
4,238,044‌
Constellation
Renewables
LLC,
1st
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
1.00%
Floor
+
2.00%),
5.67
%
,
12/15/27
............
4,908‌
4,903,478‌
Talen
Energy
Supply
LLC,
1st
Lien
Term
Loan
B
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.50%),
6.15
%
,
12/15/31
...........
4,297‌
4,308,901‌
Schedule
of
Investments
(unaudited)
(continued)
April
30,
2026
BlackRock
Floating
Rate
Income
Portfolio
9
(Percentages
shown
are
based
on
Net
Assets)
Security
Par
(000)
Par
(000)
Value
Independent
Power
and
Renewable
Electricity
Producers
(continued)
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.00%),
5.65
%
,
11/25/32
............
USD
4,858‌
$
4,860,886‌
18,311,309‌
Industrial
Conglomerates
—
2.2%
(g)
Arcwood
Environmental,
Inc.,
1st
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
3.00%),
6.69
%
,
04/01/33
(b)
...........
1,166‌
1,168,915‌
Beach
Acquisition
Bidco
LLC,
1st
Lien
Term
Loan
B1
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
3.25%),
6.95
%
,
09/13/32
.............
1,890‌
1,896,179‌
EMRLD
Borrower
LP,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.25%),
5.95
%
,
08/04/31
...................
5,087‌
5,090,464‌
EMRLD
Borrower
LP,
1st
Lien
Term
Loan
B
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.25%),
5.92
%
,
05/31/30
.............
12,806‌
12,815,571‌
FCG
Acquisitions,
Inc.,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
3.25%),
6.90
%
,
03/04/33
.............
826‌
826,859‌
LSF12
Crown
US
Commercial
Bidco
LLC,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
3.00%),
6.66
%
,
12/02/31
...
3,242‌
3,259,306‌
Pinnacle
Buyer
LLC,
1st
Lien
Term
Loan
B
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.50%),
6.18
%
,
10/01/32
.............
4,368‌
4,385,254‌
Resideo
Funding,
Inc.,
1st
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.00%),
5.67
%
,
08/13/32
.............
4,694‌
4,696,382‌
Resilience
Parent
LLC,
1st
Lien
Term
Loan
,
(6-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.50%),
6.13
%
,
02/28/33
.............
8,340‌
8,356,680‌
SVP-Singer
Holdings,
Inc.,
2nd
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
0.50%
Floor
+
7.50%),
11.46
%
,
10/15/29
.............
752‌
597,832‌
Sword
Purchaser
LLC,
1st
Lien
Term
Loan
,
(12-mo.
CME
Term
SOFR
at
0.00%
Floor
+
4.00%),
7.47
%
,
04/11/33
..............
10,690‌
10,364,810‌
53,458,252‌
Insurance
—
4.0%
(g)
Alliant
Holdings
Intermediate
LLC,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.50%),
6.17
%
,
09/19/31
............
16,912‌
16,878,265‌
AmWINS
Group,
Inc.,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.75%
Floor
+
2.00%),
5.67
%
,
01/30/32
...................
12,196‌
12,180,269‌
Amynta
Agency
Borrower,
Inc.,
1st
Lien
Term
Loan
B
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.50%),
6.15
%
,
12/29/31
........
5,998‌
5,948,839‌
Baldwin
Insurance
Group
Holdings
LLC
(The),
1st
Lien
Term
Loan
B2
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.50%),
6.15
%
,
05/26/31
...................
4,646‌
4,599,215‌
CRC
Insurance
Group
LLC,
1st
Lien
Term
Loan
B
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.75%),
6.45
%
,
05/06/31
.............
11,783‌
11,688,968‌
HUB
International
Ltd.,
1st
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
0.75%
Floor
+
2.25%),
5.92
%
,
06/20/30
.............
18,873‌
18,915,822‌
Jones
DesLauriers
Insurance
Management,
Inc.,
1st
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
3.00%),
6.66
%
,
02/02/33
..
5,499‌
5,416,671‌
Security
Par
(000)
Par
(000)
Value
Insurance
(continued)
OneDigital
Borrower
LLC,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.50%
Floor
+
3.00%),
6.65
%
,
07/02/31
.............
USD
1,201‌
$
1,182,220‌
Ryan
Specialty
LLC,
1st
Lien
Term
Loan
B1
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.00%),
5.65
%
,
09/15/31
.............
6,734‌
6,747,117‌
USI,
Inc.,
1st
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.25%),
5.95
%
,
09/27/30
...................
693‌
693,706‌
USI,
Inc.,
1st
Lien
Term
Loan
D
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.25%),
5.95
%
,
11/21/29
...................
14,612‌
14,625,295‌
98,876,387‌
Interactive
Media
&
Services
—
0.1%
Camelot
US
Acquisition
LLC,
1st
Lien
Term
Loan
B
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.75%),
6.40
%
,
01/31/31
(g)
............
2,648‌
2,483,109‌
IT
Services
—
3.1%
(g)
Asurion
LLC,
1st
Lien
Term
Loan
B11
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
4.25%),
8.01
%
,
08/21/28
...................
556‌
555,580‌
Asurion
LLC,
1st
Lien
Term
Loan
B12
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
4.25%),
7.91
%
,
09/19/30
...................
2,448‌
2,449,723‌
Asurion
LLC,
1st
Lien
Term
Loan
B13
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
4.25%),
7.91
%
,
09/19/30
...................
10,915‌
10,914,918‌
Asurion
LLC,
1st
Lien
Term
Loan
B14
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
3.75%),
7.41
%
,
02/23/33
...................
1,000‌
982,920‌
Asurion
LLC,
2nd
Lien
Term
Loan
B4
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
5.25%),
9.02
%
,
01/19/29
...................
1,402‌
1,404,892‌
Central
Parent
LLC,
1st
Lien
Term
Loan
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
3.25%),
6.95
%
,
07/06/29
...........
9,324‌
5,578,534‌
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
3.25%),
6.95
%
,
07/06/29
...........
1,200‌
536,400‌
Clearwater
Analytics
LLC,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.00%),
5.65
%
,
04/21/32
.............
5,340‌
5,331,834‌
Epicor
Software
Corp.,
1st
Lien
Term
Loan
E
,
(1-mo.
CME
Term
SOFR
at
0.75%
Floor
+
2.50%),
6.15
%
,
05/30/31
.............
10,280‌
10,132,761‌
Galileo
Parent,
Inc.,
1st
Lien
Term
Loan
,
(6-mo.
CME
Term
SOFR
at
0.00%
Floor
+
4.50%),
8.12
%
,
03/03/33
...................
3,273‌
3,266,880‌
Go
Daddy
Operating
Co.
LLC,
1st
Lien
Term
Loan
B8
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
1.75%),
5.40
%
,
11/09/29
........
5,476‌
5,396,794‌
ION
Platform
Finance
US,
Inc.,
1st
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
3.75%),
7.45
%
,
10/07/32
............
7,187‌
5,711,378‌
Iron
Mountain,
Inc.,
1st
Lien
Term
Loan
B
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.00%),
5.65
%
,
01/31/31
...................
2,509‌
2,505,943‌
Mitchell
International,
Inc.,
2nd
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.50%
Floor
+
5.25%),
8.90
%
,
06/07/32
.............
2,153‌
1,970,360‌
Modena
Buyer
LLC,
1st
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
4.25%),
7.91
%
,
07/01/31
...................
2,994‌
2,703,952‌
Schedule
of
Investments
(unaudited)
(continued)
April
30,
2026
BlackRock
Floating
Rate
Income
Portfolio
10
(Percentages
shown
are
based
on
Net
Assets)
Security
Par
(000)
Par
(000)
Value
IT
Services
(continued)
Project
Boost
Purchaser
LLC,
1st
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.75%),
6.45
%
,
07/16/31
............
USD
3,788‌
$
3,714,380‌
Sedgwick
Claims
Management
Services,
Inc.,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.50%),
6.15
%
,
07/31/31
...
12,262‌
12,166,290‌
Shift4
Payments
LLC,
1st
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.00%),
5.67
%
,
07/06/32
...................
2,865‌
2,873,787‌
78,197,326‌
Leisure
Products
—
0.1%
Hayward
Industries,
Inc.,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.50%
Floor
+
2.50%),
6.27
%
,
05/30/28
(g)
............
2,107‌
2,114,916‌
Life
Sciences
Tools
&
Services
—
0.3%
(g)
ICON
Luxembourg
SARL,
1st
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
0.50%
Floor
+
2.00%),
5.70
%
,
07/03/28
.............
3,147‌
3,156,375‌
PRA
Health
Sciences,
Inc.,
1st
Lien
Term
Loan
B
,
(3-mo.
CME
Term
SOFR
at
0.50%
Floor
+
2.00%),
5.70
%
,
07/03/28
.............
784‌
786,414‌
Star
Parent,
Inc.,
1st
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
4.00%),
7.70
%
,
09/27/30
...................
4,814‌
4,814,524‌
8,757,313‌
Machinery
—
3.2%
(g)
Chart
Industries,
Inc.,
1st
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
0.50%
Floor
+
2.50%),
6.18
%
,
03/15/30
...................
2,959‌
2,961,941‌
Columbus
McKinnon
Corp.,
1st
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
0.50%
Floor
+
3.50%),
7.20
%
,
02/03/33
.............
6,273‌
6,275,640‌
CompoSecure
Holdings
LLC,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.25%),
5.92
%
,
01/14/33
............
5,407‌
5,416,030‌
Filtration
Group
Corp.,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.50%
Floor
+
2.50%),
6.15
%
,
10/23/28
.............
11,299‌
11,311,395‌
Indicor
LLC,
1st
Lien
Term
Loan
E
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.50%),
6.20
%
,
11/22/29
...................
2,824‌
2,830,821‌
LSF12
Helix
Parent
LLC,
1st
Lien
Term
Loan
B
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
3.50%),
7.15
%
,
02/10/33
.............
5,273‌
5,273,702‌
Osmosis
Buyer
Ltd.,
1st
Lien
Term
Loan
B
,
(1-mo.
CME
Term
SOFR
at
0.50%
Floor
+
2.5%;
3-mo.
CME
Term
SOFR
at
0.50%
Floor
+
2.5%
at
0.50%
Floor
+
0.00%),
6.16
%
,
07/31/28
...................
10,927‌
10,952,637‌
PECF
USS
Intermediate
Holding
III
Corp.,
1st
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
2.00%
Floor
+
7.50%),
11.18
%
(
11.18
%
Cash
or
11.17
%
PIK),
03/03/33
(f)
............
1,117‌
1,068,478‌
Rexnord
LLC,
1st
Lien
Term
Loan
B
,
(1-mo.
CME
Term
SOFR
at
0.50%
Floor
+
2.00%),
5.77
%
,
10/04/28
...................
1,929‌
1,936,904‌
Tega
Mc
Australia
Holdings
Pty.
Ltd.,
1st
Lien
Term
Loan
B
,
03/24/33
(b)
(h)
.............
2,624‌
2,620,720‌
TK
Elevator
Midco
GmbH,
1st
Lien
Term
Loan
B1
,
(6-mo.
CME
Term
SOFR
at
0.50%
Floor
+
2.75%),
6.38
%
,
04/30/30
.............
17,906‌
18,050,138‌
Security
Par
(000)
Par
(000)
Value
Machinery
(continued)
WEC
US
Holdings,
Inc.,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.00%),
5.66
%
,
01/27/31
.............
USD
11,435‌
$
11,457,504‌
80,155,910‌
Media
—
2.4%
(g)
Altice
France
SA,
1st
Lien
Term
Loan
B14
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
6.88%),
10.55
%
,
05/30/31
.............
11,060‌
11,255,240‌
Charter
Communications
Operating
LLC,
1st
Lien
Term
Loan
B4
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.00%),
5.69
%
,
12/09/30
...
4,977‌
4,969,588‌
Charter
Communications
Operating
LLC,
1st
Lien
Term
Loan
B5
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.25%),
5.94
%
,
12/15/31
...
5,625‌
5,619,773‌
Clear
Channel
Outdoor
Holdings,
Inc.,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
4.00%),
7.77
%
,
08/23/28
........
4,021‌
4,030,000‌
CSC
Holdings
LLC,
1st
Lien
Term
Loan
B5
,
(US
Prime
Rate
at
0.00%
Floor
+
1.50%),
8.25
%
,
04/15/27
...................
10,677‌
9,413,229‌
ECL
Entertainment
LLC,
1st
Lien
Term
Loan
B
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
3.00%),
6.65
%
,
08/30/30
.............
4,515‌
4,494,279‌
Learfield
Communications
LLC,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
2.00%
Floor
+
4.50%),
8.15
%
,
06/30/28
............
4,109‌
4,116,987‌
NEP
Group,
Inc.,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
4.50%),
8.17
%
,
10/17/31
...................
7,036‌
6,329,797‌
Nexstar
Media,
Inc.,
1st
Lien
Term
Loan
B7
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.75%),
6.40
%
,
03/18/33
.............
3,144‌
3,139,095‌
Outfront
Media
Capital
LLC,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.00%),
5.65
%
,
09/24/32
.............
3,630‌
3,643,612‌
Telenet
Financing
USD
LLC,
Facility
1st
Lien
Term
Loan
AR
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.00%),
5.77
%
,
05/01/28
...
1,645‌
1,636,051‌
58,647,651‌
Multi-Utilities
—
0.5%
GFL
Environmental
Services,
Inc.,
1st
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.50%),
6.17
%
,
03/03/32
(g)
...........
11,866‌
11,881,163‌
Oil,
Gas
&
Consumable
Fuels
—
1.5%
(g)
Blackfin
Pipeline
LLC,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
3.00%),
6.69
%
,
10/01/32
...................
2,312‌
2,327,318‌
Buckeye
Partners
LP,
1st
Lien
Term
Loan
B7
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
1.75%),
5.40
%
,
11/22/32
..............
2,827‌
2,840,119‌
Freeport
LNG
Investments
LLLP,
1st
Lien
Term
Loan
B
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
3.25%),
6.93
%
,
02/11/33
........
6,970‌
6,974,391‌
GIP
Pilot
Acquisition
Partners
LP,
1st
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.00%),
5.67
%
,
10/04/30
............
1,343‌
1,347,807‌
Hilcorp
Energy
I
LP,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
1.75%),
5.41
%
,
02/11/30
...................
5,776‌
5,780,454‌
Meade
Pipeline
Co.
LLC,
1st
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.00%),
5.69
%
,
09/22/32
.............
1,340‌
1,342,934‌
Schedule
of
Investments
(unaudited)
(continued)
April
30,
2026
BlackRock
Floating
Rate
Income
Portfolio
11
(Percentages
shown
are
based
on
Net
Assets)
Security
Par
(000)
Par
(000)
Value
Oil,
Gas
&
Consumable
Fuels
(continued)
Murphy
USA,
Inc.,
1st
Lien
Term
Loan
B
,
(1-mo.
CME
Term
SOFR
at
0.50%
Floor
+
1.75%),
5.41
%
,
04/07/32
...................
USD
2,146‌
$
2,158,470‌
Oryx
Midstream
Services
Permian
Basin
LLC,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.50%
Floor
+
2.25%),
5.90
%
,
10/05/28
...
8,551‌
8,572,596‌
TransMontaigne
Operating
Co.
LP,
1st
Lien
Term
Loan
B
,
(1-mo.
CME
Term
SOFR
at
0.50%
Floor
+
2.25%),
2.25
%
,
03/18/30
........
1,996‌
2,000,620‌
WhiteWater
Matterhorn
Holdings
LLC,
1st
Lien
Term
Loan
B1
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
1.75%),
5.50
%
,
06/16/32
...
3,136‌
3,127,520‌
36,472,229‌
Passenger
Airlines
—
1.7%
(g)
AAdvantage
Loyalty
IP
Ltd.,
1st
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.25%),
5.93
%
,
04/20/28
.............
8,475‌
8,420,452‌
Air
Canada,
1st
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
1.75%),
5.41
%
,
03/21/31
...................
6,983‌
6,965,394‌
American
Airlines,
Inc.,
1st
Lien
Term
Loan
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
1.75%),
5.51
%
,
01/29/27
...........
4,988‌
4,969,193‌
(6-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.25%),
6.00
%
,
02/15/28
...........
1,281‌
1,255,447‌
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.25%),
5.91
%
,
06/04/29
...........
6,554‌
6,383,886‌
Jetblue
Airways
Corp.,
1st
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
0.50%
Floor
+
4.75%),
8.44
%
,
08/27/29
.............
6,687‌
5,928,809‌
Stonepeak
Nile
Parent
LLC,
1st
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.25%),
5.92
%
,
04/09/32
.............
2,609‌
2,617,627‌
United
Airlines,
Inc.,
1st
Lien
Term
Loan
B
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
1.75%),
5.40
%
,
02/24/31
.............
6,952‌
6,956,229‌
43,497,037‌
Pharmaceuticals
—
1.2%
(g)
Amneal
Pharmaceuticals
LLC,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.50%
Floor
+
3.00%),
6.65
%
,
08/02/32
............
8,855‌
8,884,254‌
Elanco
Animal
Health,
Inc.,
1st
Lien
Term
Loan
B
,
(12-mo.
CME
Term
SOFR
at
0.00%
Floor
+
1.75%),
5.43
%
,
10/29/32
.............
3,037‌
3,044,863‌
Endo
Finance
Holdings
LP,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.50%
Floor
+
3.75%),
7.42
%
,
04/23/31
.............
1,929‌
1,906,247‌
Grifols
International
Services
USA,
Inc.,
1st
Lien
Term
Loan
B
,
(12-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.50%),
5.97
%
,
04/14/33
...
5,250‌
5,260,290‌
Jazz
Financing
Lux
SARL,
1st
Lien
Term
Loan
B2
,
(1-mo.
CME
Term
SOFR
at
0.50%
Floor
+
2.25%),
5.90
%
,
05/05/28
.............
5,335‌
5,356,700‌
Perrigo
Investments
LLC,
1st
Lien
Term
Loan
B
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.00%),
5.65
%
,
04/20/29
.............
5,689‌
5,681,637‌
30,133,991‌
Security
Par
(000)
Par
(000)
Value
Professional
Services
—
2.0%
(g)
AlixPartners
LLP,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.00%),
5.67
%
,
08/12/32
...................
USD
3,780‌
$
3,780,227‌
Celestial-Saturn
Parent,
Inc.,
2nd
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.50%
Floor
+
6.50%),
10.27
%
,
06/04/29
...........
3,230‌
3,052,427‌
CoreLogic,
Inc.,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.50%
Floor
+
3.50%),
7.27
%
,
06/02/28
...................
8,342‌
8,156,499‌
Corpay
Technologies
Operating
Co.
LLC,
1st
Lien
Term
Loan
B4
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
1.75%),
5.40
%
,
04/28/28
..
6,736‌
6,740,955‌
Element
Materials
Technology
Group
US
Holdings,
Inc.,
1st
Lien
Term
Loan
B
,
(3-mo.
CME
Term
SOFR
at
0.50%
Floor
+
3.50%),
7.20
%
,
06/22/29
...................
4,539‌
4,559,245‌
Galaxy
US
Opco,
Inc.,
1st
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
0.50%
Floor
+
1.50%),
5.17
%
07/31/30
..............
4,400‌
3,789,346‌
TransUnion
LLC,
1st
Lien
Term
Loan
B8
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
1.75%),
5.40
%
,
06/24/31
...................
6,488‌
6,484,900‌
TransUnion
LLC,
1st
Lien
Term
Loan
B9
,
(1-mo.
CME
Term
SOFR
at
0.50%
Floor
+
1.75%),
5.40
%
,
06/24/31
...................
4,733‌
4,729,862‌
Zelis
Cost
Management
Buyer,
Inc.,
1st
Lien
Term
Loan
B2
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.75%),
6.40
%
,
09/28/29
...
1,980‌
1,957,330‌
Zelis
Payments
Buyer,
Inc.,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
3.25%),
6.90
%
,
11/26/31
..............
6,359‌
6,274,757‌
49,525,548‌
Semiconductors
&
Semiconductor
Equipment
—
0.5%
(g)
Entegris,
Inc.,
1st
Lien
Term
Loan
B
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
1.75%),
5.40
%
,
07/06/29
...................
2,518‌
2,525,623‌
Qnity
Electronics,
Inc.,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.00%),
5.65
%
,
10/29/32
.............
9,914‌
9,943,225‌
12,468,848‌
Software
—
7.5%
(g)
Applied
Systems,
Inc.,
1st
Lien
Term
Loan
B
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.25%),
5.95
%
,
02/24/31
.............
11,441‌
11,280,164‌
Avalara,
Inc.,
1st
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.75%),
6.45
%
,
03/26/32
...................
4,820‌
4,725,184‌
Barracuda
Networks,
Inc.,
1st
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
0.50%
Floor
+
4.50%),
8.16
%
,
08/15/29
.............
4,989‌
3,393,852‌
Boxer
Parent
Co.,
Inc.,
1st
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
3.00%),
6.67
%
,
07/30/31
.............
13,623‌
12,584,661‌
Capstone
Borrower,
Inc.,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.75%),
7.07
%
,
06/17/30
.............
3,129‌
3,008,095‌
CCC
Intelligent
Solutions,
Inc.,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.50%
Floor
+
2.00%),
5.65
%
,
01/23/32
............
5,029‌
5,001,760‌
Cloud
Software
Group,
Inc.,
1st
Lien
Term
Loan
B
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
3.25%),
6.95
%
,
03/21/31
...........
9,976‌
9,216,596‌
Schedule
of
Investments
(unaudited)
(continued)
April
30,
2026
BlackRock
Floating
Rate
Income
Portfolio
12
(Percentages
shown
are
based
on
Net
Assets)
Security
Par
(000)
Par
(000)
Value
Software
(continued)
(12-mo.
CME
Term
SOFR
at
0.00%
Floor
+
3.50%),
7.50
%
,
08/16/32
...........
USD
8,999‌
$
8,314,365‌
Cloudera,
Inc.,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.50%
Floor
+
3.75%),
7.52
%
,
10/09/28
...................
2,378‌
2,127,009‌
Clover
Holdings
2
LLC,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
3.75%),
7.40
%
,
12/09/31
.............
4,337‌
4,215,935‌
Darktrace
Finco
US
LLC,
1st
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
3.25%),
6.93
%
,
10/09/31
.............
1,454‌
1,363,728‌
Dayforce
Bidco
LLC,
1st
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
3.00%),
6.66
%
,
02/04/33
...................
9,240‌
8,706,390‌
DS
Admiral
Bidco
LLC,
1st
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
4.25%),
7.95
%
,
06/26/31
.............
3,412‌
3,207,400‌
Ellucian
Holdings,
Inc.,
1st
Lien
Term
Loan
B1
,
(1-mo.
CME
Term
SOFR
at
0.50%
Floor
+
2.50%),
6.15
%
,
10/09/29
.............
8,633‌
8,465,281‌
Ellucian
Holdings,
Inc.,
2nd
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.50%
Floor
+
4.75%),
8.40
%
,
11/15/32
..............
1,416‌
1,372,345‌
Gen
Digital,
Inc.,
1st
Lien
Term
Loan
B
,
(1-mo.
CME
Term
SOFR
at
0.50%
Floor
+
1.75%),
5.40
%
,
09/12/29
...................
9,610‌
9,451,596‌
Genesys
Cloud
Services,
Inc.,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.50%),
6.15
%
,
01/30/32
............
8,457‌
8,167,421‌
Kaseya,
Inc.,
1st
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
3.25%),
6.91
%
,
03/22/32
...................
13,167‌
11,940,045‌
McAfee
Corp.,
1st
Lien
Term
Loan
B1
,
(1-mo.
CME
Term
SOFR
at
0.50%
Floor
+
3.00%),
6.65
%
,
03/01/29
...................
6,704‌
5,891,341‌
MH
Sub
I
LLC,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.50%
Floor
+
4.25%),
7.90
%
,
12/31/31
...................
3,844‌
3,007,760‌
MKS
Instruments,
Inc.,
1st
Lien
Term
Loan
B
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
1.75%),
5.41
%
,
02/04/33
.............
4,946‌
4,958,365‌
Ping
Identity
Holding
Corp.,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.75%),
6.40
%
,
11/15/32
..............
2,676‌
2,640,329‌
Proofpoint,
Inc.,
1st
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
0.50%
Floor
+
3.00%),
6.70
%
,
08/31/28
...................
15,306‌
14,840,226‌
Quartz
AcquireCo
LLC,
1st
Lien
Term
Loan
B2
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.25%),
5.95
%
,
06/28/30
.............
4,068‌
3,373,944‌
RealPage,
Inc.,
1st
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
0.50%
Floor
+
3.00%),
6.96
%
,
04/24/28
...................
7,120‌
6,962,709‌
SS&C
Technologies,
Inc.,
1st
Lien
Term
Loan
B8
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.00%),
5.65
%
,
05/09/31
.............
6,775‌
6,774,701‌
UKG,
Inc.,
1st
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.50%),
6.16
%
,
02/10/31
...................
13,122‌
12,651,162‌
VS
Buyer
LLC,
1st
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.25%),
5.91
%
,
04/14/31
...................
8,823‌
8,701,792‌
186,344,156‌
Security
Par
(000)
Par
(000)
Value
Specialty
Retail
—
1.4%
(g)
Hunter
Douglas,
Inc.,
1st
Lien
Term
Loan
B1
,
(3-mo.
CME
Term
SOFR
at
0.50%
Floor
+
3.00%),
6.70
%
,
01/16/32
.............
USD
6,841‌
$
6,762,697‌
LS
Group
OpCo
Acquistion
LLC,
1st
Lien
Term
Loan
B
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.50%),
6.17
%
,
04/23/31
........
5,323‌
5,318,217‌
Mavis
Tire
Express
Services
Topco
Corp.,
1st
Lien
Term
Loan
,
(6-mo.
CME
Term
SOFR
at
0.75%
Floor
+
3.00%),
6.67
%
,
05/04/28
...
10,858‌
10,866,072‌
Peer
Holding
III
BV,
Facility
1st
Lien
Term
Loan
B8
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.25%),
5.95
%
,
09/29/32
.............
1,095‌
1,094,726‌
Project
Aurora
US
Finco,
Inc.,
Facility
1st
Lien
Term
Loan
B2
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.75%),
6.45
%
,
12/06/32
...
1,199‌
1,201,249‌
Pye-Barker
Fire
&
Safety
LLC,
1st
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.50%),
6.16
%
,
12/16/32
............
5,055‌
5,073,251‌
Pye-Barker
Fire
&
Safety
LLC,
Delayed
Draw
1st
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.50%),
6.16
%
,
12/16/32
...
237‌
237,918‌
Restoration
Hardware,
Inc.,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.50%
Floor
+
2.50%),
6.27
%
,
10/20/28
.............
3,521‌
3,464,610‌
34,018,740‌
Technology
Hardware,
Storage
&
Peripherals
—
0.4%
Finastra
USA,
Inc.,
1st
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
4.00%),
7.67
%
,
09/15/32
(g)
..................
10,833‌
10,296,610‌
Trading
Companies
&
Distributors
—
1.0%
(g)
Core
&
Main
LP,
1st
Lien
Term
Loan
D
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.00%),
5.65
%
,
07/27/28
...................
2,695‌
2,700,220‌
Core
&
Main
LP,
1st
Lien
Term
Loan
E
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.00%),
5.65
%
,
02/10/31
...................
6,667‌
6,669,864‌
Gulfside
Supply,
Inc.,
1st
Lien
Term
Loan
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
3.00%),
6.70
%
,
06/17/31
...................
5,935‌
5,319,653‌
Herc
Holdings,
Inc.,
1st
Lien
Term
Loan
B
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
1.75%),
5.40
%
,
06/02/32
...................
1,606‌
1,611,419‌
QXO
Building
Products,
Inc.,
1st
Lien
Term
Loan
B
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.00%),
5.65
%
,
04/30/32
.............
4,101‌
4,100,986‌
TMK
Hawk
Parent
Corp.,
1st
Lien
Term
Loan
,
(US
Prime
Rate
+
0.00%),
11.00
%
,
12/15/31
(b)
265‌
—‌
TMK
Hawk
Parent
Corp.,
1st
Lien
Term
Loan
B
,
(1-mo.
CME
Term
SOFR
at
0.50%
Floor
+
4.00%),
7.65
%
,
06/29/29
(b)
............
7,366‌
3,351,737‌
23,753,879‌
Transportation
Infrastructure
—
1.1%
(g)
Apple
Bidco
LLC,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
2.50%),
6.15
%
,
09/23/31
...................
13,731‌
13,740,057‌
GB
AIT
Buyer,
Inc.,
1st
Lien
Term
Loan
B
,
(12-mo.
CME
Term
SOFR
at
0.00%
Floor
+
4.25%),
7.98
%
,
04/22/33
.............
3,043‌
3,045,526‌
OLA
Netherlands
BV,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.75%
Floor
+
6.25%),
10.00
%
,
12/15/26
(b)
.................
4,978‌
4,940,496‌
Schedule
of
Investments
(unaudited)
(continued)
April
30,
2026
BlackRock
Floating
Rate
Income
Portfolio
13
(Percentages
shown
are
based
on
Net
Assets)
Security
Par
(000)
Par
(000)
Value
Transportation
Infrastructure
(continued)
Rand
Parent
LLC,
1st
Lien
Term
Loan
B
,
(3-mo.
CME
Term
SOFR
at
0.00%
Floor
+
3.00%),
6.70
%
,
03/18/30
...................
USD
5,574‌
$
5,589,854‌
27,315,933‌
Wireless
Telecommunication
Services
—
0.5%
(g)
SBA
Senior
Finance
II
LLC,
1st
Lien
Term
Loan
B
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
1.75%),
5.41
%
,
01/27/31
.............
6,215‌
6,240,551‌
Windstream
Services
LLC,
1st
Lien
Term
Loan
,
(1-mo.
CME
Term
SOFR
at
0.00%
Floor
+
4.00%),
7.65
%
,
10/06/32
.............
6,423‌
6,422,902‌
12,663,453‌
Total
Floating
Rate
Loan
Interests
—
86
.6
%
(Cost:
$
2,200,108,234
)
............................
2,146,037,105‌
Shares
Shares
Investment
Companies
(i)
Invesco
Senior
Loan
ETF
...............
1,920,000
39,513,600‌
iShares
Broad
USD
High
Yield
Corporate
Bond
ETF
(j)
...........................
1,966,241
73,203,152‌
Total
Investment
Companies
—
4
.6
%
(Cost:
$
112,484,330
)
..............................
112,716,752‌
Beneficial
Interest
(000)
Other
Interests
(k)
Capital
Markets
—
0.0%
Millennium
Corp.
Claim
(b)
................
15,011‌
—‌
Total
Other
Interests
—
0.0
%
(Cost:
$
—
)
.....................................
—‌
Shares
Shares
Preferred
Securities
Preferred
Stocks
—
0.0%
IT
Services
—
0.0%
(a)
Veritas
Newco
.......................
14,627
281,570‌
Veritas
Newco,
Series
G-1
(g)
.............
10,105
194,521‌
476,091‌
Machinery
—
0.0%
Sirva-Bgrs
Holdings,
Inc.
,
15.25
%
(b)
........
1,870
327,238‌
Total
Preferred
Securities
—
0.0
%
(Cost:
$
1,789,736
)
...............................
803,329‌
Warrants
Diversified
Consumer
Services
—
0.0
%
Service
King
Midas
International
(
Issued/
Exercisable
07/14/22
,
1
Share
for
1
Warrant,
Expires
04/26/27
,
Strike
Price
USD
10.00
)
(a)
(b)
16,956
—‌
Total
Warrants
—
0.0
%
(Cost:
$
—
)
.....................................
—‌
Total
Long-Term
Investments
—
92.4%
(Cost:
$
2,348,251,884
)
............................
2,289,197,979‌
Security
Shares
Shares
Value
Short-Term
Securities
Money
Market
Funds
—
9.2%
(j)(l)
BlackRock
Cash
Funds:
Institutional,
SL
Agency
Shares
,
3.83
%
(m)
...................
87,948,879
$
87,975,263‌
BlackRock
Liquidity
Funds,
T-Fund,
Institutional
Class
,
3.54
%
.....................
141,004,054
141,004,054‌
Total
Short-Term
Securities
—
9
.2
%
(Cost:
$
228,974,034
)
..............................
228,979,317‌
Total
Investments
—
101
.6
%
(Cost:
$
2,577,225,918
)
............................
2,518,177,296‌
Liabilities
in
Excess
of
Other
Assets
—
(
1.6
)
%
.............
(
39,602,547‌
)
Net
Assets
—
100.0%
...............................
$
2,478,574,749‌
Schedule
of
Investments
(unaudited)
(continued)
April
30,
2026
BlackRock
Floating
Rate
Income
Portfolio
14
Affiliates
Investments
in
issuers
considered
to
be
affiliate(s)
of
the
Fund
during
the period
ended
April
30,
2026
for
purposes
of
Section
2(a)(3)
of
the
Investment
Company
Act
of
1940,
as
amended,
were
as
follows:
(a)
Non-income
producing
security.
(b)
Security
is
valued
using
significant
unobservable
inputs
and
is
classified
as
Level
3
in
the
fair
value
hierarchy.
(c)
Restricted
security
as
to
resale,
excluding
144A
securities.
The
Fund
held
restricted
securities
with
a
current
value
of
$1,647,003,
representing
0.07%
of
its
net
assets
as
of
period
end,
and
an
original
cost
of
$0.
(d)
Security
exempt
from
registration
pursuant
to
Rule
144A
under
the
Securities
Act
of
1933,
as
amended.
These
securities
may
be
resold
in
transactions
exempt
from
registration
to
qualified
institutional
investors.
(e)
Issuer
filed
for
bankruptcy
and/or
is
in
default.
(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)
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.
(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)
All
or
a
portion
of
this
security
is
on
loan.
(j)
Affiliate
of
the
Fund.
(k)
Other
interests
represent
beneficial
interests
in
liquidation
trusts
and
other
reorganization
or
private
entities.
(l)
Annualized
7-day
yield
as
of
period
end.
(m)
All
or
a
portion
of
this
security
was
purchased
with
the
cash
collateral
from
loaned
securities.
Affiliated
Issuer
Value
at
07/31/25
Purchases
at
Cost
Proceeds
from
Sales
Net
Realized
Gain
(Loss)
Change
in
Unrealized
Appreciation
(Depreciation)
Value
at
04/30/26
Shares
Held
at
04/30/26
Income
Capital
Gain
Distributions
from
Underlying
Funds
BlackRock
Cash
Funds:
Institutional,
SL
Agency
Shares
..............
$
64,614,273
$
23,360,583
(a)
$
—
$
(
2,473
)
$
2,880
$
87,975,263
87,948,879
$
287,294
(b)
$
—
BlackRock
Liquidity
Funds,
T-Fund,
Institutional
Class
.
328,860,244
—
(
187,856,190
)
(a)
—
—
141,004,054
141,004,054
8,420,512
—
iShares
0-5
Year
High
Yield
Corporate
Bond
ETF
(c)
...
2,195,557
—
(
2,195,210
)
110,033
(
110,380
)
—
—
25,746
—
iShares
1-5
Year
Investment
Grade
Corporate
Bond
ETF
(c)
..............
—
—
—
—
—
—
—
16,180
—
iShares
Broad
USD
High
Yield
Corporate
Bond
ETF
....
11,637,301
76,962,357
(
15,321,600
)
(
29,310
)
(
45,596
)
73,203,152
1,966,241
1,349,752
—
iShares
iBoxx
$
High
Yield
Corporate
Bond
ETF
(c)
...
—
—
—
—
—
—
—
8,784
—
$
78,250
$
(
153,096
)
$
302,182,469
$
10,108,268
$
—
—
—
(a)
Represents
net
amount
purchased
(sold).
(b)
All
or
a
portion
represents
securities
lending
income
earned
from
the
reinvestment
of
cash
collateral
from
loaned
securities,
net
of
collateral
investment
fees,
and
other
payments
to
and
from
borrowers
of
securities.
(c)
As
of
period
end,
the
entity
is
no
longer
held.
For
purposes
of
this
report,
industry
and
sector
sub-classifications
may
differ
from
those
utilized
by
the
Fund
for
compliance
purposes.
Schedule
of
Investments
(unaudited)
(continued)
April
30,
2026
BlackRock
Floating
Rate
Income
Portfolio
15
Derivative
Financial
Instruments
Outstanding
as
of
Period
End
Forward
Foreign
Currency
Exchange
Contracts
Currency
Purchased
Currency
Sold
Counterparty
Settlement
Date
Unrealized
Appreciation  
(Depreciation)
USD
932,097
EUR
808,000
Barclays
Bank
plc
06/17/26
$
(
18,195
)
USD
346,040
EUR
300,000
Toronto
Dominion
Bank
06/17/26
(
6,791
)
$
(
24,986
)
Centrally
Cleared
Credit
Defa
ul
t
Swaps
—
Sell
Protection
Reference
Obligation/Index
Financing
Rate
Received
by
the
Fund
Payment
Frequency
Termination
Date
Credit
Rating
(a)
Notional
Amount
(000)
(b)
Value
Upfront
Premium
Paid
(Received)
Unrealized
Appreciation
(Depreciation)
Markit
CDX
North
American
High
Yield
Index
Series
43.V3
...........
5
.00
%
Quarterly
12/20/29
B+
USD
37,818
$
2,977,969
$
1,493,150
$
1,484,819
Markit
CDX
North
American
High
Yield
Index
Series
44.V2
...........
5
.00
Quarterly
06/20/30
B+
USD
19,800
1,623,156
203,223
1,419,933
Markit
CDX
North
American
High
Yield
Index
Series
46.V1
...........
5
.00
Quarterly
06/20/31
B+
USD
30,000
2,312,942
2,224,059
88,883
$
6,914,067
$
3,920,432
$
2,993,635
(a)
Using
the
rating
of
the
issuer
or
the
underlying
securities
of
the
index,
as
applicable,
provided
by
S&P
Global
Ratings.
(b)
The
maximum
potential
amount
the
Fund
may
pay
should
a
negative
credit
event
take
place
as
defined
under
the
terms
of
the
agreement.
OTC
Total
Return
Swaps
Paid
by
the
Fund
Received
by
the
Fund
Rate/Reference
Frequency
Rate/Reference
Frequency
Counterparty
Termination
Date
Notional
Amount
(000)
Value
Upfront
Premium
Paid
(Received)
Unrealized
Appreciation
(Depreciation)
1-day
SOFR
.......
Quarterly
Markit
iBoxx
USD
Liquid
Leveraged
Loans
Total
Return
Index
At
Termination
Barclays
Bank
plc
06/20/26
USD
5,200
$
72,503
$
(
19,788
)
$
92,291
1-day
SOFR
.......
Quarterly
Markit
iBoxx
USD
Liquid
Leveraged
Loans
Total
Return
Index
At
Termination
Barclays
Bank
plc
06/20/26
USD
20,000
205,727
(
39,457
)
245,184
1-day
SOFR
.......
Quarterly
Markit
iBoxx
USD
Liquid
Leveraged
Loans
Total
Return
Index
At
Termination
Morgan
Stanley
&
Co.
International
plc
06/20/26
USD
5,000
60,164
(
14,729
)
74,893
1-day
SOFR
.......
Quarterly
Markit
iBoxx
USD
Liquid
Leveraged
Loans
Total
Return
Index
At
Termination
Morgan
Stanley
&
Co.
International
plc
06/20/26
USD
41,000
410,744
(
80,887
)
491,631
1-day
SOFR
.......
Quarterly
Markit
iBoxx
USD
Liquid
Leveraged
Loans
Total
Return
Index
At
Termination
Morgan
Stanley
&
Co.
International
plc
09/20/26
USD
25,000
286,668
(
173,973
)
460,641
$
1,035,806
$
(
328,834
)
$
1,364,640
Schedule
of
Investments
(unaudited)
(continued)
April
30,
2026
BlackRock
Floating
Rate
Income
Portfolio
16
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.
The
following
reference
rates,
and
their
values
as
of
period
end,
are
used
for
security
descriptions:
Reference
Index
Reference
Rate
1-day
SOFR
.........................................
Secured
Overnight
Financing
Rate
3
.65
%
Level
1
Level
2
Level
3
Total
Assets
Investments
Long-Term
Investments
Common
Stocks
Construction
&
Engineering
................................
$
—
$
—
$
1,903,255
$
1,903,255
Financial
Services
......................................
—
—
997,880
997,880
Food
Products
.........................................
—
1,055,403
—
1,055,403
Ground
Transportation
...................................
—
6,778
—
6,778
Hotels,
Restaurants
&
Leisure
..............................
—
—
1,380,216
1,380,216
Household
Durables
.....................................
—
—
235,242
235,242
IT
Services
...........................................
—
—
1,785,809
1,785,809
Machinery
............................................
—
—
—
—
Media
...............................................
—
1,647,003
—
1,647,003
Trading
Companies
&
Distributors
............................
—
—
659,981
659,981
Transportation
Infrastructure
...............................
—
—
231,392
231,392
Wireless
Telecommunication
Services
.........................
—
1,346,736
—
1,346,736
Corporate
Bonds
Aerospace
&
Defense
....................................
—
—
—
—
Chemicals
............................................
—
33,987
—
33,987
Electric
Utilities
........................................
—
—
1
1
Pharmaceuticals
.......................................
—
7,740,671
—
7,740,671
Transportation
Infrastructure
...............................
—
—
194,657
194,657
Wireless
Telecommunication
Services
.........................
—
599,740
—
599,740
Fixed
Rate
Loan
Interests
...................................
—
9,822,042
—
9,822,042
Floating
Rate
Loan
Interests
Aerospace
&
Defense
....................................
—
76,382,966
—
76,382,966
Automobile
Components
..................................
—
42,336,972
—
42,336,972
Automobiles
..........................................
—
7,826,544
—
7,826,544
Beverages
...........................................
—
10,236,575
—
10,236,575
Biotechnology
.........................................
—
14,253,908
—
14,253,908
Broadline
Retail
........................................
—
14,355,988
—
14,355,988
Building
Products
.......................................
—
27,332,485
9,117,214
36,449,699
Capital
Markets
........................................
—
124,332,862
—
124,332,862
Chemicals
............................................
—
72,710,240
5,927,280
78,637,520
Commercial
Services
&
Supplies
.............................
—
81,790,761
5,520,765
87,311,526
Schedule
of
Investments
(unaudited)
(continued)
April
30,
2026
BlackRock
Floating
Rate
Income
Portfolio
17
Level
1
Level
2
Level
3
Total
Communications
Equipment
................................
$
—
$
6,864,651
$
—
$
6,864,651
Construction
&
Engineering
................................
—
18,775,119
6,078,838
24,853,957
Construction
Materials
....................................
—
45,026,073
—
45,026,073
Consumer
Staples
Distribution
&
Retail
........................
—
21,502,851
—
21,502,851
Containers
&
Packaging
..................................
—
56,896,747
—
56,896,747
Diversified
Consumer
Services
..............................
—
20,579,799
—
20,579,799
Diversified
REITs
.......................................
—
2,269,649
—
2,269,649
Diversified
Telecommunication
Services
........................
—
39,375,219
—
39,375,219
Electric
Utilities
........................................
—
15,011,000
—
15,011,000
Electronic
Equipment,
Instruments
&
Components
.................
—
9,984,118
4,858,150
14,842,268
Energy
Equipment
&
Services
..............................
—
7,053,842
—
7,053,842
Entertainment
.........................................
—
86,859,530
—
86,859,530
Financial
Services
......................................
—
85,024,707
—
85,024,707
Food
Products
.........................................
—
31,219,502
—
31,219,502
Gas
Utilities
...........................................
—
13,536,120
—
13,536,120
Ground
Transportation
...................................
—
15,782,956
—
15,782,956
Health
Care
Equipment
&
Supplies
...........................
—
34,587,112
—
34,587,112
Health
Care
Providers
&
Services
............................
—
56,317,572
—
56,317,572
Health
Care
Technology
..................................
—
31,048,452
3,157,192
34,205,644
Hotels,
Restaurants
&
Leisure
..............................
—
137,606,397
4,126,156
141,732,553
Household
Durables
.....................................
—
16,756,128
—
16,756,128
Household
Products
.....................................
—
4,240,905
—
4,240,905
Independent
Power
and
Renewable
Electricity
Producers
............
—
18,311,309
—
18,311,309
Industrial
Conglomerates
..................................
—
52,289,337
1,168,915
53,458,252
Insurance
............................................
—
98,876,387
—
98,876,387
Interactive
Media
&
Services
...............................
—
2,483,109
—
2,483,109
IT
Services
...........................................
—
78,197,326
—
78,197,326
Leisure
Products
.......................................
—
2,114,916
—
2,114,916
Life
Sciences
Tools
&
Services
..............................
—
8,757,313
—
8,757,313
Machinery
............................................
—
77,535,190
2,620,720
80,155,910
Media
...............................................
—
58,647,651
—
58,647,651
Multi-Utilities
..........................................
—
11,881,163
—
11,881,163
Oil,
Gas
&
Consumable
Fuels
...............................
—
36,472,229
—
36,472,229
Passenger
Airlines
......................................
—
43,497,037
—
43,497,037
Pharmaceuticals
.......................................
—
30,133,991
—
30,133,991
Professional
Services
....................................
—
49,525,548
—
49,525,548
Semiconductors
&
Semiconductor
Equipment
....................
—
12,468,848
—
12,468,848
Software
.............................................
—
186,344,156
—
186,344,156
Specialty
Retail
........................................
—
34,018,740
—
34,018,740
Technology
Hardware,
Storage
&
Peripherals
....................
—
10,296,610
—
10,296,610
Trading
Companies
&
Distributors
............................
—
20,402,142
3,351,737
23,753,879
Transportation
Infrastructure
...............................
—
22,375,437
4,940,496
27,315,933
Wireless
Telecommunication
Services
.........................
—
12,663,453
—
12,663,453
Investment
Companies
....................................
112,716,752
—
—
112,716,752
Other
Interests
..........................................
—
—
—
—
Preferred
Securities
IT
Services
...........................................
—
476,091
—
476,091
Machinery
............................................
—
—
327,238
327,238
Warrants
..............................................
—
—
—
—
Short-Term
Securities
Money
Market
Funds
......................................
228,979,317
—
—
228,979,317
Unfunded
Floating
Rate
Loan
Interests
(a)
...........................
—
7,799
—
7,799
Liabilities
Unfunded
Floating
Rate
Loan
Interests
(a)
...........................
—
(
739
)
(
15,158
)
(
15,897
)
$
341,696,069
$
2,117,905,153
$
58,567,976
$
2,518,169,198
Derivative
Financial
Instruments
(b)
Assets
Credit
contracts
...........................................
$
—
$
2,993,635
$
—
$
2,993,635
Interest
rate
contracts
.......................................
—
1,364,640
—
1,364,640
Liabilities
Foreign
currency
exchange
contracts
............................
—
(
24,986
)
—
(
24,986
)
$
—
$
4,333,289
$
—
$
4,333,289
Fair
Value
Hierarchy
as
of
Period
End
(continued)
Schedule
of
Investments
(unaudited)
(continued)
April
30,
2026
BlackRock
Floating
Rate
Income
Portfolio
18
(a)
Unfunded
floating
rate
loan
interests
are
valued
at
the
unrealized
appreciation
(depreciation)
on
the
commitment.
(b)
Derivative
financial
instruments
are
swaps
and
forward
foreign
currency
exchange
contracts.
Swaps
and
forward
foreign
currency
exchange
contracts
are
valued
at
the
unrealized
appreciation
(depreciation)
on
the
instrument.
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
Floating
Rate
Loan
Interests
Preferred
Securities
Unfunded
Floating
Rate
Loan
Interests
Total
Investments
Assets/Liabilities
Opening
balance,
as
of
July
31,
2025
................................................
$
13,537,786
$
760,054
$
59,813,927
$
556,470
$
457
$
74,668,694
Transfers
into
Level
3
(a)
.........................................................
—
—
8,381,352
327,238
—
8,708,590
Transfers
out
of
Level
3
(b)
........................................................
(
2,703,330
)
—
(
18,278,329
)
(
556,470
)
—
(
21,538,129
)
Accrued
discounts/premiums
......................................................
—
9,354
112,000
—
—
121,354
Net
realized
gain
(loss)
.........................................................
111,339
—
(
4,000,436
)
—
—
(
3,889,097
)
Net
change
in
unrealized
depreciation
(c)
...............................................
(
4,787,902
)
(
574,750
)
(
3,218,789
)
—
(
15,615
)
(
8,597,056
)
Purchases
..................................................................
4,178,802
168,051
48,848,749
—
—
53,195,602
Sales
.....................................................................
(
3,142,920
)
(
168,051
)
(
40,791,011
)
—
—
(
44,101,982
)
Closing
balance,
as
of
April
30,
2026
.................................................
$
7,193,775
$
194,658
$
50,867,463
$
327,238
$
(
15,158
)
$
58,567,976
Net
change
in
unrealized
appreciation
(depreciation)
on
investments
still
held
at
April
30,
2026
(c)
..........
$
(
4,820,499
)
$
9,392
$
(
5,702,979
)
$
—
$
(
15,615
)
$
(
10,529,701
)
(a)
As
of
July
31,
2025,
the
Fund
used
observable
inputs
in
determining
the
value
of
certain
investments.
As
of
April
30,
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
fair
value
hierarchy.
(b)
As
of
July
31,
2025,
the
Fund
used
significant
unobservable
inputs
in
determining
the
value
of
certain
investments.
As
of
April
30,
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
fair
value
hierarchy.
(c)
Any
difference
between
net
change
in
unrealized
appreciation
(depreciation)
and
net
change
in
unrealized
appreciation
(depreciation)
on
investments
still
held
at
April
30,
2026
is
generally
due
to
investments
no
longer
held
or
categorized
as
Level
3
at
period
end.
Currency
Abbreviation
EUR
Euro
GBP
British
Pound
USD
United
States
Dollar
Portfolio
Abbreviation
DAC
Designated
Activity
Company
ETF
Exchange-Traded
Fund
OTC
Over-the-counter
PIK
Payment-In-Kind
REIT
Real
Estate
Investment
Trust
SOFR
Secured
Overnight
Financing
Rate