Edgar Filing: BLACKROCK GLOBAL FLOATING RATE INCOME TRUST

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-21566

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

Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809

Name and address of agent for service: Donald C. Burke, Chief Executive Officer, BlackRock Global
Floating Rate Income Trust, 800 Scudders Mill Road, Plainsboro, NJ, 08536.
Mailing address: P.O. Box 9011, Princeton, NJ, 08543-9011

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

Date of fiscal year end: 12/31/2007

Date of reporting period: 07/01/2007 – 09/30/2007

Item 1 – Schedule of Investments

PORTFOLIO OF INVESTMENTS (unaudited)
SEPTEMBER 30, 2007
BlackRock Global Floating Rate Income Trust (BGT)
(Percentages shown are based on Net Assets)


	Principal
	Amount
	(000)		Description		Value
			LONG-TERM INVESTMENTS—152.4%
			Corporate Bonds—21.5%
			Aerospace & Defense—0.2%
$	75	¹	Bombardier, Inc., 8.00%, 11/15/14 (Canada)	$	78,563
	616		DI Finance/DynCorp Intl., Ser. B, 9.50%,
			2/15/13		637,560
			Total Aerospace & Defense		716,123
			Automotive—0.1%
			AutoNation, Inc.,
	60		7.00%, 4/15/14		57,300
	70	²	7.36%, 4/15/13		66,850
	60	¹	Goodyear Tire & Rubber Co., 9.135%,
			12/01/09		60,450
	100		Lear Corp., Ser. B, 8.75%, 12/01/16		94,000
	120		Metaldyne Corp., 10.00%, 11/01/13		114,000
			Total Automotive		392,600
			Basic Materials—3.9%
	970		AK Steel Corp., 7.75%, 6/15/12		982,125
	1,000	²	Abitibi-Consolidated, Inc., 9.194%, 6/15/11
			(Canada)		780,000
	2,000		Alrosa Finance Ltd., 8.125%, 5/06/08
			(Luxembourg)		2,011,660
	125		American Pacific Corp., 9.00%, 2/01/15		128,125
	260	²	Boise Cascade LLC, 8.235%, 10/15/12		260,000
	2,040	²	Bowater, Inc., 8.694%, 3/15/10		1,723,800
	90		CPG Intl. I, Inc., 10.50%, 7/01/13		90,000
	10		Chemtura Corp., 6.875%, 6/01/16		9,500
	20		Domtar, Inc., 7.125%, 8/15/15 (Canada)		19,200
	250	²	Freeport-McMoRan Copper & Gold, Inc.,
			8.394%, 4/01/15		259,687
	750		Hercules, Inc., 6.75%, 10/15/29		744,375
			Ineos Group Holdings Plc (United Kingdom)
	225		7.875%, 2/07/16 (EUR)		299,984
	430	¹	8.50%, 2/15/16		411,725
	625	¹	Key Plastics LLC/Key Plastics Finance Corp.,
			11.75%, 3/15/13		546,875
	4,000		Lecta S.A., 7.131%, 2/15/14 (EUR)
			(Luxembourg)		5,475,647
	130	¹	Momentive Performance Materials, Inc.,
			11.50%, 12/01/16		128,700
			NewPage Corp.,
	55		10.00%, 5/01/12		57,888
	1,500	²	11.606%, 5/01/12		1,612,500
	1,215	²	Verso Paper Holdings LLC/Verso Paper, Inc.,
			Ser. B, 9.106%, 8/01/14		1,221,075
			Total Basic Materials		16,762,866
			Building & Development—0.2%
	1,000	²	Ainsworth Lumber Co. Ltd., 8.948%, 10/01/10
			(Canada)		765,000
	20		Goodman Global Holding Co., Inc., 7.875%,
			12/15/12		19,650
			Total Building & Development		784,650
			Commercial Services—0.0%
	100	¹	Quebecor World, Inc., 9.75%, 1/15/15 (Canada)		95,750
			Consumer Products—1.0%
	1,100	²	Ames True Temper, Inc., 9.36%, 1/15/12		1,083,500
	150	²	Avis Budget Car Rental LLC/Avis Budget
			Finance, Inc., 8.058%, 5/15/14		146,250
	500	^1,2	General Nutrition Centers, Inc., 10.009%,
			3/15/14		480,000
	388		Lazy Days RV Center, Inc., 11.75%, 5/15/12		351,140
	210	¹	Michaels Stores, Inc., 10.00%, 11/01/14		215,250
	80	¹	Quebecor World Capital Corp., 8.75%, 3/15/16
			(Canada)		72,600


	Principal
	Amount
	(000)		Description		Value
			Consumer Products— (cont'd)
$	2,000		Reynolds American, Inc., 7.625%, 6/01/16	$	2,129,406
			Total Consumer Products		4,478,146
			Containers & Packaging—0.2%
			Berry Plastics Holding Corp.,
	110		8.875%, 9/15/14		112,475
	500	²	9.569%, 9/15/14		505,000
	150	^1,2	Impress Holdings BV, 8.485%, 9/15/13
			(Netherlands)		149,120
			Total Containers & Packaging		766,595
			Energy—7.7%
	750	¹	AES Corp., 9.00%, 5/15/15		787,500
	135		Chaparral Energy, Inc., 8.50%, 12/01/15		126,562
			Compagnie Generale de Geophysique-Veritas
			(France)
	70		7.50%, 5/15/15		72,100
	50		7.75%, 5/15/17		51,500
	505		Foundation Pennsylvania Coal Co., 7.25%,
			8/01/14		494,900
	14,430		Gazprom OAO, 9.625%, 3/01/13 (Germany)		16,711,383
	40		Grant Prideco, Inc., Ser. B, 6.125%, 8/15/15		38,800
	750		KCS Energy, Inc., 7.125%, 4/01/12		727,500
			Pemex Project Funding Master Trust,
	800		9.375%, 12/02/08		836,400
	12,700	²	Ser. 15, 7.16%, 10/15/09		12,985,750
	220	¹	SemGroup LP, 8.75%, 11/15/15		215,050
	300		Whiting Petroleum Corp., 7.25%, 5/01/13		292,500
			Total Energy		33,339,945
			Entertainment & Leisure—0.1%
	130	¹	Greektown Holdings LLC, 10.75%, 12/01/13		128,700
	120		Travelport LLC, 9.875%, 9/01/14		122,400
	20		Wynn Las Vegas LLC/Wynn Las Vegas Capital
			Corp., 6.625%, 12/01/14		19,600
			Total Entertainment & Leisure		270,700
			Financial Institutions—2.8%
	89		AES Ironwood LLC, 8.857%, 11/30/25		96,944
	140		American Real Estate Partners LP/American
			Real Estate Finance Corp., 7.125%, 2/15/13		133,350
	5,455		Kazkommerts Intl. BV, 8.50%, 4/16/13
			(Netherlands)		5,161,085
	3,000	¹	Kazkommertsbank Intl. BV, 8.50%, 4/16/13
			(Netherlands)		2,837,700
	750	¹	Rainbow National Services LLC, 8.75%,
			9/01/12		778,125
	3,000	^1,2	TuranAlem Finance BV, 6.735%, 1/22/09
			(Netherlands)		2,947,500
	300	²	Universal City Florida Holding Co. I/II,
			10.106%, 5/01/10		303,000
			Total Financial Institutions		12,257,704
			Health Care—0.5%
	1,750	²	Angiotech Pharmaceuticals, Inc., 9.371%,
			12/01/13 (Canada)		1,793,750
	250		Tenet Healthcare Corp., 6.50%, 6/01/12		211,875
			Total Health Care		2,005,625
			Industrials—0.1%
	125		Park-Ohio Industries, Inc., 8.375%, 11/15/14		120,625
	210	¹	Sunstate Equipment Co. LLC, 10.50%, 4/01/13		202,650
			Total Industrials		323,275
			Media—0.9%
	50		Affinion Group, Inc., 10.125%, 10/15/13		52,750
	100	²	Cablevision Systems Corp., Ser. B, 9.644%,
			4/01/09		103,000

BlackRock Global Floating Rate Income Trust (BGT) (continued)
(Percentages shown are based on Net Assets)


	Principal
	Amount
	(000)		Description		Value
			Media— (cont'd)
			Charter Communications Holdings II LLC/Charter
			Communications Holdings II Capital Corp.,
$	680		10.25%, 9/15/10	$	695,300
	45		Ser. B, 10.25%, 9/15/10		46,800
			EchoStar DBS Corp.,
	135		6.375%, 10/01/11		135,675
	1,055		7.00%, 10/01/13		1,078,737
	230		7.125%, 2/01/16		236,325
	350	^1,2	ION Media Networks, Inc., 8.61%, 1/15/12		348,250
	250		Idearc, Inc., 8.00%, 11/15/16		249,375
	80		Network Communications, Inc., 10.75%,
			12/01/13		80,300
	70		Nexstar Finance, Inc., 7.00%, 1/15/14		67,200
	410		Nielsen Finance LLC/Nielsen Finance Co.,
			10.00%, 8/01/14		433,575
	250		R.H. Donnelley Corp., Ser. A-3, 8.875%,
			1/15/16		254,688
			Total Media		3,781,975
			Real Estate—1.3%
	6,350		Rouse Co., 5.375%, 11/26/13		5,700,458
			Technology—0.1%
			Freescale Semiconductor, Inc.,
	180		9.125%, 12/15/14		166,500
	100	²	9.569%, 12/15/14		94,250
	20		SunGard Data Systems, Inc., 10.25%, 8/15/15		20,900
	140		Superior Essex Communications LLC/Essex
			Group, Inc., 9.00%, 4/15/12		138,250
			Total Technology		419,900
			Telecommunications—2.4%
	1,250	²	Centennial Communications Corp., 10.981%,
			1/01/13		1,287,500
	310		Cincinnati Bell, Inc., 7.25%, 7/15/13		312,325
	115	²	Hawaiian Telcom Communications, Inc., Ser.
			B, 10.86%, 5/01/13		116,438
			Intelsat Ltd. (Bermuda)
	75		5.25%, 11/01/08		73,125
	50		8.25%, 1/15/13		50,750
	85	²	8.886%, 1/15/15		85,850
	200		Intelsat Subsidiary Holding Co. Ltd., 8.625%,
			1/15/15 (Bermuda)		204,000
	1,755	^1,2	iPCS, Inc., 7.481%, 5/01/13		1,702,350
	1,500		Nordic Telephone Co. Holdings A.p.S., 9.75%,
			5/03/16 (EUR) (Denmark)		2,187,050
	1,567	²	Qwest Communications Intl., Inc., 9.058%,
			2/15/09		1,582,670
	2,500	²	Qwest Corp., 8.944%, 6/15/13		2,668,750
	150	¹	Wind Acquisition Finance S.A., 10.75%,
			12/01/15 (Luxembourg)		166,125
			Total Telecommunications		10,436,933
			Transportation—0.0%
	100		Britannia Bulk Plc, 11.00%, 12/01/11 (United
			Kingdom)		101,500
			Total Corporate Bonds		92,634,745
			Bank Loans—113.1%
			Aerospace & Defense—0.9%
	2,151		Caci Intl., Inc., LIBOR + 1.50%, 5/03/11		2,096,976
	877		DI Finance/DynCorp Intl., Loan B, LIBOR +
			2.00%, 2/11/11		853,203
	982		Wesco Aircraft Hardware Corp., First Lien
			Loan, LIBOR + 2.25%, 9/29/13		962,033
			Total Aerospace & Defense		3,912,212
			Automotive—4.1%
	987		GPX Intl. Tire Corp., LIBOR + 3.00%, 3/31/12		948,000
	1,138		IAP Worldwide Services, Inc., First Lien Loan,
			LIBOR + 6.25%, 12/30/12		979,592


	Principal
	Amount
	(000)	Description		Value
		Automotive— (cont'd)
$	2,000	Kar Holdings, Loan B, LIBOR + 2.25%,
		10/20/13	$	1,924,286
	1,741	Keystone Automotive Industries, Inc., Loan B,
		LIBOR + 3.50%, 1/12/12		1,601,950
	964	Mark IV Industries, Inc., First Lien Loan,
		LIBOR + 2.50%, 6/21/11		932,187
		Metaldyne Corp.,
	104	LIBOR, 1/11/14		100,731
	706	LIBOR, 1/15/14		684,969
		Navistar Intl. Corp.,
	1,333	Revolver Loan, LIBOR + 3.25%, 1/19/12		1,304,167
	3,667	LIBOR + 3.25%, 1/19/12		3,586,458
	1,427	Rent-A-Center, Inc., Loan B, LIBOR + 1.75%,
		6/30/12		1,394,553
		Reynolds & Reynolds Co.,
	2,868	LIBOR + 2.00%, 10/26/12		2,781,712
	1,250	Second Lien Loan, LIBOR + 5.50%,
		10/26/13		1,237,500
		Total Automotive		17,476,105
		Basic Materials—6.7%
	1,000	Algoma Steel, Inc., LIBOR, 6/20/13		967,500
		Brenntag Holdings,
	393	Acquisition Loan, LIBOR + 2.00%, 1/17/14		377,345
	1,607	Loan B2, LIBOR + 2.00%, 1/17/14		1,544,321
	282	Loan B6, LIBOR + 2.25%, 9/15/14 (EUR)		383,775
	218	Loan B6B, LIBOR + 2.50%, 9/15/14 (EUR)		297,116
	1,000	Second Lien Loan, LIBOR + 4.00%, 7/17/15		960,833
	1,000	Cognis Group, LIBOR, 11/17/13 (EUR)		1,323,461
	817	Compass Minerals Group, Inc., LIBOR +
		1.50%, 12/22/12		804,472
		Ineos Group Holdings Plc,
	1,861	Loan A4, LIBOR + 2.25%, 12/16/12		1,805,741
	1,733	Loan B2, LIBOR + 2.25%, 12/16/13		1,708,318
	1,733	Loan C2, LIBOR + 2.75%, 12/23/14		1,708,318
	2,555	Innophos, Inc., 0.50%, 8/13/10		2,516,227
		Invista BV,
	2,339	Loan B1, LIBOR + 1.50%, 4/29/11		2,290,669
	1,240	Loan B2, LIBOR + 1.50%, 4/29/11		1,214,224
	2,081	John Maneely Co., Loan B, LIBOR + 3.25%,
		12/08/13		1,927,677
	217	Kraton Polymers LLC, LIBOR + 2.00%,
		5/12/13		210,606
	2,227	MacDermid, Inc., LIBOR + 2.25%, 4/15/14
		(EUR)		3,048,739
	1,629	Nalco Co., Loan B, LIBOR + 1.75%, 11/04/10		1,614,033
	491	Pregis Corp., Loan B2, LIBOR + 2.50%,
		10/12/12 (EUR)		675,980
	495	Professional Paint, Inc., First Lien Loan,
		LIBOR + 2.75%, 5/31/12		464,062
	2,790	Rockwood Specialties Group, Inc., Loan E,
		LIBOR + 1.50%, 12/13/13		2,709,972
	473	Solutia, Loan B, LIBOR + 3.00%, 3/31/08		469,615
		Total Basic Materials		29,023,004
		Building & Development—4.2%
	2,000	American Residential Services, Inc., Second
		Lien Loan, LIBOR, 4/17/15		1,980,000
	197	Armstrong World Industries, Inc., LIBOR +
		1.75%, 10/02/13		194,289
	1,241	Beacon Roofing Supply, Inc., Loan B, LIBOR
		+ 2.00%, 9/30/13		1,178,594
		Brand Energy & Infrastructure Services, Inc.,
	499	First Lien Loan B, LIBOR + 2.25%, 2/07/14		472,981
	500	Second Lien Loan, LIBOR + 6.00%, 2/07/15		477,916
	500	Synthetic Letter of Credit, LIBOR + 2.25%,
		2/15/14		477,500

BlackRock Global Floating Rate Income Trust (BGT) (continued)
(Percentages shown are based on Net Assets)


	Principal
	Amount
	(000)		Description		Value
			Building & Development— (cont'd)
$	2,488		Building Materials Holding Corp., PRIME +
			1.75%, 3/15/14	$	2,281,052
	1,500		Custom Building Products, Inc., Second Lien
			Loan, LIBOR + 5.00%, 4/29/12		1,417,500
	1,214		Euramax Intl., Inc., Second Lien Loan, LIBOR
			+ 8.00%, 6/29/13		1,177,857
	2,000		Hanley Wood LLC, LIBOR + 2.25%, 3/08/14		1,743,334
			Lafarge Roofing Holdings, Inc.,
	600		Loan B1, LIBOR + 2.13%, 2/28/14 (EUR)		800,569
	245		Loan B2, LIBOR + 2.13%, 2/28/14 (EUR)		326,899
	230		Loan B4, LIBOR, 2/28/14		215,438
	556		Loan C1, LIBOR, 2/28/15 (EUR)		745,258
	286		Loan C2, LIBOR, 2/28/15 (EUR)		383,352
	230		Loan C4, LIBOR, 2/28/15		216,206
	495		Nacco Industries, Inc., 0.25%, 3/21/13		476,438
	970		Nortek, Inc., Loan B, PRIME + 1.25%, 8/27/11		931,200
	825		Rhodes Ranch, First Lien Loan, LIBOR +
			3.50%, 11/21/10		726,000
	2,344		United Subcontractors, Inc., First Lien Loan,
			LIBOR + 3.00%, 12/27/12		1,992,278
			Total Building & Development		18,214,661
			Conglomerates—2.9%
	500		Atlantis Plastics, Inc., Second Lien Loan,
			LIBOR + 9.00%, 3/22/12		415,000
	733		Blount Intl., Loan B, LIBOR + 1.75%, 8/09/10		715,751
	4,925		Colfax Corp., LIBOR + 2.25%, 12/29/11 (EUR)		6,952,574
			Invensys Plc,
	1,000		Loan A, LIBOR + 2.00%, 12/15/11		966,667
	1,783		Loan B, LIBOR + 2.13%, 12/15/11 (GBP)		3,551,752
			Total Conglomerates		12,601,744
			Consumer Products—12.1%
	988		24 Hour Fitness Worldwide, Inc., LIBOR +
			2.50%, 6/08/12		962,812
			ARAMARK Corp.,
	178		Letter of Credit, LIBOR + 2.00%, 1/26/14		174,476
	2,527		Loan B, LIBOR + 2.00%, 1/26/14		2,479,984
	1,000		Aearo Technologies, Inc., LIBOR + 5.50%,
			9/24/13		952,500
	2		Advance Food Co., LIBOR + 1.75%, 3/16/14		1,838
	750		American Safety Razor Co., Second Lien Loan,
			LIBOR + 6.25%, 1/30/14		738,750
	449		Arby's Restaurant Group, Inc., Loan B, LIBOR
			+ 2.25%, 7/25/12		438,323
			Berkline Bench Craft,
	96	³	Loan B, LIBOR + 3.75%, 11/03/11		55,007
	2,010	³	Second Lien Loan, PRIME + 7.00%, 5/11/12		100,505
	1,047		Brickman Group Ltd., LIBOR + 2.00%, 1/23/14		1,013,335
	517		Burlington Coat Factory Warehouse Corp.,
			Loan B, LIBOR + 2.25%, 5/28/13		495,728
			Cenveo Corp.,
	32		Delayed Draw Loan, LIBOR + 1.75%,
			6/21/13		30,959
	957		Loan C, LIBOR + 1.75%, 6/21/13		929,104
	490		Chiquita Brands Intl., Inc., Loan C, LIBOR +
			3.00%, 6/28/12		474,688
	1,000		Claire's Stores, Inc., Loan B, LIBOR + 2.75%,
			5/29/14		932,500
	994		Coinmach Corp., Loan B1, PRIME + 1.50%,
			12/19/12		988,978
	2,209		Cracker Barrel, Loan B, LIBOR + 1.50%,
			4/27/13		2,150,140
	1,000		Culligan International Co., Second Lien Loan,
			LIBOR, 4/24/13 (EUR)		1,261,965
	1,000		DS Waters Holdings, Inc., Loan B, LIBOR,
			3/07/12		960,000
	998		David's Bridal, Inc., LIBOR + 2.00%, 1/31/14		937,650


	Principal
	Amount
	(000)		Description		Value
			Consumer Products— (cont'd)
$	500		Deutsch Connectors, Second Lien Loan,
			LIBOR + 4.50%, 12/22/15	$	465,000
			Dole Food Co., Inc.,
	233		Letter of Credit, LIBOR, 4/12/13		225,029
	1,726		Loan C, PRIME + 1.00%, 4/12/13		1,666,617
	518		PRIME + 1.00%, 4/12/13		499,985
	472		FTD, Inc., LIBOR + 2.00%, 7/28/13		462,348
			Fresh Start Bakeries, Inc.,
	500		First Lien Loan, LIBOR + 2.50%, 9/29/13		490,000
	500		Second Lien Loan, LIBOR + 5.75%, 3/29/14		495,000
	350		Gold Toe, Second Lien Loan, LIBOR + 6.00%,
			4/30/14		346,500
			Iglo Birds Eye,
	474		Loan B1, LIBOR + 2.25%, 10/27/14 (EUR)		657,941
	26		Loan B1, LIBOR + 2.63%, 10/27/14 (EUR)		35,538
	26		Loan C1, LIBOR + 2.25%, 10/27/15 (EUR)		35,698
	284		Loan C1, LIBOR + 2.63%, 10/27/15 (EUR)		395,963
	190		Loan C1, LIBOR + 3.00%, 10/27/15 (EUR)		264,937
	367		Mezzanine Loan, TBD, 10/27/16 (GBP)		744,833
	1,453		JRD Holdings, Inc., LIBOR + 2.50%, 5/11/14		1,424,062
	260		Landry's Restaurants, Inc., Loan B, LIBOR +
			1.75%, 12/28/10		257,891
	657		Language Line, Inc., Loan B1, LIBOR +
			3.25%, 6/11/11		637,490
	534		Latimer/Weetabix, LIBOR + 8.00%, 12/31/15
			(GBP)		1,059,777
	1,000	³	Le-Natures, Inc., Loan B, LIBOR + 4.00%,
			3/01/11		598,750
	887		Mapco Express, Inc., LIBOR + 2.75%, 4/28/11		851,432
	1,440		Neiman-Marcus Group, Inc., LIBOR + 1.75%,
			4/06/13		1,415,833
	1,333		New Page, Loan B, LIBOR + 2.25%, 5/02/11		1,320,000
			OSI Food Co.,
	925		Loan B, LIBOR + 2.25%, 6/14/14		884,351
	75		Revolver Loan, 0.50%, 6/14/13		71,899
			OSI Group LLC,
	1,697		LIBOR + 2.00%, 9/02/11		1,641,815
	1,697		Loan B, LIBOR + 2.00%, 9/02/11		1,641,836
	1,500		Orchard Supply Hardware Stores Corp., Loan
			B2, LIBOR + 2.45%, 12/09/07		1,470,000
			Oriental Trading Co.,
	990		LIBOR + 2.25%, 7/31/13		928,125
	500		Second Lien Loan, LIBOR + 4.75%, 1/08/11		475,000
	398		PETCO Animal Supplies, Inc., LIBOR +
			2.25%, 10/26/13		386,640
	1,047		Pierre Foods, Inc., Loan B, LIBOR + 2.25%,
			6/30/10		1,028,244
	750		Pivotal Promontory LLC, Second Lien Loan,
			LIBOR + 6.50%, 8/31/11		656,250
	1,758		Prestige Brands Holdings, Inc., Loan B, PRIME
			+ 1.25%, 4/06/11		1,720,394
	500		Rite Aid Corp., Loan 2, LIBOR + 1.75%,
			6/04/14		488,437
	1,997		Riverdeep Interactive Learning, Inc., Loan B,
			LIBOR + 2.75%, 12/20/13		1,973,524
	1,478		Roundy's Supermarkets, Inc., LIBOR + 2.75%,
			11/03/11		1,460,336
			Sturm Foods, Inc.,
	1,372		LIBOR + 2.50%, 1/31/14		1,278,982
	750		Second Lien Loan, LIBOR + 7.00%, 5/26/12		675,000
	829	³	Synventive Acquisition, Inc., Mezzanine Loan,
			LIBOR, 1/31/14		372,875
	2,000		Thomson Learning, Loan B, LIBOR, 7/05/14		1,935,834
	764		Tupperware Corp., LIBOR + 1.50%, 12/05/12		755,736
	373		Warnaco, Inc., Loan B, LIBOR + 1.50%,
			1/31/13		367,947

BlackRock Global Floating Rate Income Trust (BGT) (continued)
(Percentages shown are based on Net Assets)


	Principal
	Amount
	(000)	Description		Value
		Consumer Products— (cont'd)
		Wastequip, Inc.,
$	311	Delayed Draw Loan, LIBOR + 2.25%,
		2/05/13	$	298,731
	689	Loan B, LIBOR + 2.25%, 2/05/13		661,269
	451	Waterpik Technologies, Inc., First Lien Loan,
		LIBOR + 2.25%, 6/30/13		437,622
		Total Consumer Products		52,040,713
		Containers & Packaging—3.9%
		Bluegrass Container Co. LLC,
	342	LIBOR + 2.25%, 6/30/13		339,007
	364	LIBOR + 5.00%, 12/30/13		364,091
	1,143	Loan B, LIBOR + 2.25%, 6/30/13		1,132,999
	1,136	Second Lien Loan, LIBOR + 5.00%,
		12/30/13		1,137,784
		Consolidated Container Co. LLC,
	499	First Lien Loan, LIBOR + 2.25%, 3/28/14		473,189
	750	Second Lien Loan, LIBOR, 9/28/14		663,750
	2,463	Georgia-Pacific Corp., First Lien Loan, LIBOR
		+ 1.75%, 12/20/12		2,408,751
	4,985	Graham Packaging Co. LP, Loan B, LIBOR +
		2.25%, 10/07/11		4,903,994
		Smurfit-Stone Container Enterprises, Inc.,
	495	Loan B, LIBOR + 2.00%, 11/01/11		487,877
	750	Loan B1, TBD, 1/12/13 (EUR)		1,005,294
	750	Loan C1, LIBOR + 2.13%, 1/12/14 (EUR)		1,037,092
	2,787	Solo Cup, Inc., LIBOR + 3.50%, 2/27/11		2,755,732
		Total Containers & Packaging		16,709,560
		Ecological Services & Equipment—0.7%
	2,000	Envirosolutions, Inc., LIBOR + 3.50%, 7/07/12		1,880,000
	498	Global Geophysical, First Lien Loan, LIBOR +
		3.50%, 2/07/14		487,550
	500	Synagro Technologies, Inc., Second Lien Loan,
		LIBOR + 4.75%, 10/02/14		480,000
		Total Ecological Services & Equipment		2,847,550
		Energy—8.0%
	1,500	AES Corp., LIBOR + 1.75%, 4/30/08		1,483,751
	529	Astoria Generating Co. Acquisitions LLC, Loan
		B, LIBOR + 2.00%, 2/23/13		520,464
		Big West Oil LLC,
	550	Delayed Draw Loan, LIBOR, 5/15/14		528,000
	450	LIBOR + 2.25%, 5/15/14		432,000
		Coffeyville Resources LLC,
	324	LIBOR + 3.35%, 12/28/10		313,581
	1,667	Loan D, PRIME + 3.25%, 12/28/13		1,612,078
		Coleto Creek Power,
	127	Letter of Credit, LIBOR + 2.75%, 6/28/13		121,178
	1,854	Loan B, LIBOR + 2.75%, 6/28/13		1,763,508
		Dresser, Inc.,
	1,000	Loan B, LIBOR + 2.50%, 5/04/14		981,000
	1,500	Second Lien Loan, LIBOR, 5/04/15		1,453,125
		ElectricInvest Holding Co. Ltd.,
	1,787	LIBOR + 3.75%, 12/21/12 (EUR)		2,464,192
	1,800	Junior Loan, LIBOR + 3.75%, 12/21/12
		(GBP)		3,560,804
		Flint,
	605	Loan B7 AEB, LIBOR + 2.25%, 12/31/13
		(EUR)		815,972
	228	Loan B7 AFB, LIBOR + 2.25%, 12/31/13
		(EUR)		307,706
	1,000	Loan B9, LIBOR, 11/09/14		945,625
	833	Loan C7, LIBOR + 3.00%, 12/31/13 (EUR)		1,123,827
		Generac Power Systems, Inc.,
	990	First Lien Loan, LIBOR + 2.50%, 11/09/13		886,757
	750	Second Lien Loan, LIBOR + 6.00%, 5/10/14		533,750
	1,477	Key Energy Services, Inc., Loan C, LIBOR +
		2.50%, 6/30/12		1,470,112


	Principal
	Amount
	(000)	Description		Value
		Energy— (cont'd)
		MACH Gen LLC,
$	70	Letter of Credit, 0.50%, 2/22/13	$	68,063
	676	LIBOR + 2.00%, 2/22/14		654,648
	494	MEG Energy Corp., Loan B, LIBOR + 2.00%,
		4/03/13		479,925
	995	McJunkin Corp., Loan B, LIBOR + 2.25%,
		1/31/13		977,588
	798	Mirant NA LLC, Loan B, LIBOR + 1.75%,
		1/03/13		782,478
		Northeast Energy,
	159	Letter of Credit, LIBOR + 2.50%, 11/01/13		153,648
	1,297	Loan B, LIBOR + 2.50%, 11/01/13		1,257,208
	750	Second Lien Loan, LIBOR + 4.50%, 5/01/14		718,125
	2,000	Safenet, Inc., Second Lien Loan, LIBOR +
		6.00%, 4/12/14		1,840,000
	1,400	SandRidge Energy, Inc., LIBOR, 4/01/15		1,386,000
		TPF Generation Holdings LLC,
	151	Letter of Credit, LIBOR + 2.10%, 12/15/13		145,010
	795	Loan B, LIBOR + 2.00%, 12/15/13		766,239
	47	Revolver Loan, 0.50%, 12/15/13		45,458
	1,479	Trinidad Energy Services Income Trust, LIBOR
		+ 2.50%, 5/13/11		1,463,962
	929	Western Refining, PRIME + 0.75%, 5/30/14		910,000
		Wolf Hollow I LP,
	472	Loan B, LIBOR + 2.25%, 6/22/12		429,210
	500	Second Lien Loan, LIBOR, 12/12/15		485,000
	400	Synthetic Letter of Credit, LIBOR + 2.25%,
		6/22/12		364,000
	100	Synthetic Revolver Loan, LIBOR + 2.25%,
		6/22/12		91,000
		Total Energy		34,334,992
		Entertainment & Leisure—6.6%
	1,000	Alpha III, LIBOR + 2.38%, 12/31/13		956,667
	1,107	Cinemark, Inc., Loan B, LIBOR + 1.75%,
		10/05/13		1,075,098
	1,000	Discovery Channel, Loan B, LIBOR + 2.00%,
		5/14/14		980,000
	938	Fairmont Hotels & Resorts, Inc., Loan B,
		LIBOR + 3.25%, 5/12/11		919,150
		Golden Nugget, Inc.,
	273	Delayed Draw Loan, 0.50%, 6/30/14		264,886
	477	First Lien Loan, LIBOR + 2.00%, 6/30/14		463,551
	1,000	Second Lien Loan, LIBOR + 3.25%,
		12/31/14		937,500
	1,985	Greektown Holdings LLC, Loan B, LIBOR +
		2.75%, 12/03/12		1,910,563
		Green Valley Ranch Gaming LLC,
	481	First Lien Loan, LIBOR + 2.00%, 2/16/14		466,151
	1,000	Second Lien Loan, LIBOR + 3.25%, 8/16/14		947,500
	1,470	Hit Entertainment Ltd., LIBOR + 2.00%,
		3/20/12		1,411,217
		Hollywood Theaters, Inc.,
	1,697	First Lien Loan, LIBOR + 3.25%, 8/09/09		1,663,550
	2,500	Second Lien Loan, LIBOR + 7.00%, 8/09/09		2,450,000
	1,470	Kerasotes Theatres, Inc., Loan B, LIBOR +
		2.25%, 10/31/11		1,444,348
		Las Vegas Sands LLC,
	500	Delayed Draw Loan, TBD, 5/23/14		486,146
	2,000	Loan B, LIBOR + 1.50%, 5/23/14		1,944,584
	2,963	Metro-Goldwyn-Mayer Studios, Inc., Loan B,
		LIBOR + 3.25%, 4/08/12		2,830,870
	2,000	RHI Entertainment, Inc., Second Lien Loan,
		LIBOR + 4.00%, 4/15/14		1,800,000
	736	Riverside Casino & Golf Resort LLC, Loan B,
		LIBOR + 3.50%, 11/30/11		713,590
	746	Time Warner, Inc., Loan B, LIBOR + 2.00%,
		1/07/13		732,071

BlackRock Global Floating Rate Income Trust (BGT) (continued)
(Percentages shown are based on Net Assets)


	Principal
	Amount
	(000)	Description		Value
		Entertainment & Leisure— (cont'd)
		Travelport, Inc.,
$	47	Letter of Credit, LIBOR + 2.25%, 8/23/13	$	45,592
	233	LIBOR + 2.25%, 8/23/13		227,223
	925	Universal City Development Partners LP, Loan
		B, LIBOR + 2.00%, 6/09/11		900,005
		Wembley, Inc.,
	980	First Lien Loan, LIBOR + 2.50%, 8/23/11		933,466
	1,500	Second Lien Loan, LIBOR + 4.25%, 7/18/12		1,380,000
	747	Yellowstone Mountain Club, LIBOR + 2.38%,
		9/30/10		700,230
		Total Entertainment & Leisure		28,583,958
		Financial Institutions—8.9%
	984	Advantage Sales & Marketing, Inc., LIBOR +
		2.00%, 3/29/13		937,062
	975	Avio, Mezzanine Loan, PRIME + 7.25%,
		12/14/16		958,880
	929	BNY Convergex Group LLC, First Lien Loan,
		LIBOR + 3.00%, 10/02/13		893,750
		Bankruptcy Management,
	993	LIBOR + 2.75%, 7/28/12		962,725
	496	Second Lien Loan, LIBOR + 6.25%, 7/28/13		481,363
	4,688	Billing Services Group, LIBOR + 2.50%,
		5/11/12 (EUR)		6,684,139
	432	CCC Information Services Group, Inc., Loan B,
		LIBOR + 2.50%, 2/10/13		414,756
	1,241	Charter Mac, Loan B, LIBOR + 2.50%, 8/15/12		1,116,563
	744	Conseco, Inc., LIBOR + 2.00%, 10/10/13		701,108
	2,000	Enclave, Loan B, LIBOR, 4/24/13		1,889,600
		GS Holdings Corp.,
	52	Delayed Draw Loan, LIBOR + 1.75%,
		5/12/13		51,379
	82	LIBOR + 1.75%, 5/13/11		80,185
	543	LIBOR + 1.75%, 5/12/13		533,151
	4,000	J.G. Wentworth LLC, First Lien Loan, LIBOR
		+ 2.25%, 4/04/14		3,790,000
	1,300	Jostens, Inc., Loan C, LIBOR + 2.00%,
		12/21/11		1,287,119
	965	Lucite Intl. Finance Plc, LIBOR + 9.00%,
		7/07/13 (EUR)		1,328,000
	2,000	Moeller Group, LIBOR, 10/31/14 (EUR)		2,851,899
		NASDAQ Stock Market, Inc.,
	562	Loan B, TBD, 4/18/12		557,434
	969	Loan C, TBD, 4/18/12		961,538
	1,955	Owens Illinois Group, Inc., Loan B, LIBOR +
		1.50%, 4/01/08 (EUR)		2,650,087
	858	Professional Service, Inc., Loan B, LIBOR +
		2.75%, 10/31/12		840,656
	497	Renfro Corp., Delayed Draw Loan, LIBOR +
		3.25%, 10/05/13		480,998
	250	RiskMetrics Group Holdings, LLC, Second
		Lien Loan, LIBOR + 5.50%, 7/11/14		245,000
	1,114	Sedgewick Claims Management Services, Inc.,
		Loan B, LIBOR + 2.25%, 1/31/13		1,063,427
	1,870	TPG Springs Ltd., Mezzanine Loan, LIBOR +
		5.25%, 3/22/15 (EUR)		2,582,228
		United Biscuits,
	1,651	Loan B1, LIBOR + 2.50%, 12/31/14 (GBP)		3,254,207
	535	Loan B2, LIBOR, 12/31/14 (EUR)		731,992
		Total Financial Institutions		38,329,246
		Health Care—7.2%
	3,082	Arizant, Inc., LIBOR + 2.50%, 7/31/10		3,020,028
	737	CCS Medical, Loan B, LIBOR + 3.25%,
		9/30/12		712,676
	2,500	Cardinal Health, Inc., Loan B, LIBOR + 2.25%,
		4/15/14 (EUR)		3,208,387


	Principal
	Amount
	(000)	Description		Value
		Health Care— (cont'd)
		Community Health Systems, Inc.,
$	124	Delayed Draw Loan, 0.50%, 7/25/14	$	121,420
	1,876	Loan B, LIBOR + 2.25%, 7/25/14		1,840,608
	1,000	TBD, 6/30/14		981,000
	500	Emdeon Business Services, LLC, Second Lien
		Loan, LIBOR, 5/16/14		496,250
	1,995	Health Management Associates, Inc., PRIME +
		0.75%, 2/28/14		1,893,068
	3,380	HealthSouth Corp., Loan B, LIBOR + 2.50%,
		3/10/13		3,278,029
		Molnlycke Health Care Ltd. (EUR),
	1,500	Loan B, LIBOR + 2.00%, 3/30/15		2,018,016
	1,500	Loan C, LIBOR, 3/30/16		2,028,637
	500	Second Lien Loan D, LIBOR, 9/30/16		670,790
	494	National Renal Institutes, Inc., Loan B, LIBOR
		+ 2.25%, 3/31/13		467,807
		Opica AB (EUR),
	142	Loan C1, LIBOR, 5/20/16		198,295
	1,187	Loan C2, LIBOR, 5/20/16		1,652,934
	171	Loan C4, LIBOR, 5/20/16		238,380
		Quintiles Transnational Corp.,
	988	First Lien Loan, LIBOR + 2.00%, 3/31/13		952,938
	250	Second Lien Loan, LIBOR + 4.00%, 3/31/14		245,625
	977	Select Medical Corp., Loan B, LIBOR + 2.00%,
		2/24/12		927,402
	2,982	US Oncology, Inc., LIBOR + 2.25%, 8/20/11		2,862,430
	983	Vanguard Health Holding Co. II LLC, LIBOR
		+ 2.25%, 9/23/11		950,695
		Warner Chilcott Corp.,
	1,875	Loan B, LIBOR + 2.00%, 1/18/12		1,823,678
	517	Loan C, LIBOR + 2.00%, 1/18/12		502,407
		Total Health Care		31,091,500
		Industrials—3.9%
	1,485	Acosta, Inc., LIBOR + 2.25%, 7/28/13		1,446,638
		Bolthouse Farms, Inc.,
	985	First Lien Loan, LIBOR + 2.25%, 12/16/12		955,450
	500	Second Lien Loan, LIBOR + 5.50%,
		12/16/13		485,625
	222	Chart Industries, Inc., Loan B, LIBOR + 2.00%,
		10/17/12		219,444
	1,725	Drummond Co., Inc., LIBOR + 1.25%, 2/14/11		1,681,875
	1,500	Harland Clarke Holdings Corp., Loan B,
		LIBOR + 2.50%, 6/30/14		1,389,000
		Kion Group,
	250	Loan B, LIBOR, 3/15/15		241,733
	250	Loan C, LIBOR, 3/15/16		242,756
	500	Loan D, LIBOR, 9/15/16 (EUR)		680,891
		Lincoln Industrial Corp.,
	273	Delayed Draw Loan B, TBD, 7/11/14		268,636
	727	First Lien Loan, LIBOR + 2.50%, 7/11/14		716,364
	91	TBD, 7/11/14		89,545
		Mivisa Envases S.A.U. (EUR),
	826	Loan B1, LIBOR, 5/03/15		1,128,096
	174	Loan B2, LIBOR, 5/03/15		237,251
	2,488	Oshkosh Truck Corp., Loan B, LIBOR +
		1.75%, 12/06/13		2,448,633
		Standard Steel LLC,
	83	Delayed Draw Loan, 1.00%, 6/30/12		81,255
	413	Loan B, LIBOR + 2.50%, 6/30/12		403,219
	993	Stolle Machinery Co. LLC, First Lien Loan,
		PRIME + 1.25%, 9/29/12		952,800
	1,257	Thermo Fluids, Inc., Loan B, LIBOR + 3.50%,
		6/27/13		1,068,559
	2,030	Tinnerman Palnut Engineered Products, Inc.,
		LIBOR + 7.75%, 11/01/11		1,725,715

BlackRock Global Floating Rate Income Trust (BGT) (continued)
(Percentages shown are based on Net Assets)


	Principal
	Amount
	(000)	Description		Value
		Industrials— (cont'd)
		Trimas Corp.,
$	94	Letter of Credit, LIBOR + 2.25%, 8/02/13	$	90,937
	403	Loan B, LIBOR + 2.75%, 8/02/13		391,107
		Total Industrials		16,945,529
		Media—25.5%
	475	Affinion Group, Inc., LIBOR + 6.25%, 3/01/12		456,000
	1,000	American Media Operations, Inc., Loan B,
		LIBOR + 3.25%, 1/31/13		975,000
	1,980	Atlantic Broadband Finance LLC, Loan B2,
		LIBOR + 2.25%, 8/10/12		1,939,450
	1,000	Audio Visual Services Corp., Second Lien
		Loan, LIBOR + 5.50%, 9/15/14		950,000
	250	Bresnan Communications Group LLC, Second
		Lien Loan, LIBOR + 4.50%, 3/29/14		241,667
	3,950	Cablevision Systems Corp., Incremental Loan,
		LIBOR + 1.75%, 3/29/13		3,891,078
		Casema Kabelcom (EUR),
	750	Loan B, LIBOR + 2.50%, 11/14/14		1,052,886
	576	Loan B1, LIBOR + 2.50%, 11/14/14		808,093
	299	Loan B2, LIBOR + 2.50%, 11/14/14		419,764
	1,625	Loan C, LIBOR + 3.00%, 11/14/15		2,290,659
	6,983	Cequel Communications LLC, First Lien Loan,
		PRIME + 1.00%, 11/05/13		6,700,582
	7,000	Charter Communications Holdings LLC,
		LIBOR + 2.00%, 3/06/13		6,751,878
	1,500	Cumulus Media, Inc., LIBOR + 1.75%, 6/11/14		1,466,250
	2,867	Dex Media East LLC/Dex Media East Finance
		Co., Loan B, LIBOR + 1.50%, 5/08/09		2,843,224
		Dex Media West LLC/Dex Media Finance Co.,
	676	Loan B1, LIBOR + 1.50%, 3/09/10		668,960
	1,218	Loan B2, LIBOR + 1.50%, 3/09/10		1,204,589
	485	Emmis Communications Corp., LIBOR +
		2.00%, 11/01/13		474,356
		Gatehouse Media Operating, Inc.,
	592	Delayed Draw Loan, LIBOR + 2.00%,
		8/28/14		541,375
	1,386	Loan B, LIBOR + 2.00%, 8/28/14		1,268,071
	2,000	Gray Television, Inc., Delayed Draw Loan,
		LIBOR + 1.50%, 12/31/14		1,920,000
	4,975	Idearc, Inc., Loan B, LIBOR + 2.00%, 11/17/14		4,894,674
	4,000	KDG Media Technologies AG, Loan A, LIBOR
		+ 1.75%, 3/31/12 (EUR)		5,487,054
	500	Knology, First Lien Loan, LIBOR + 2.25%,
		6/30/12		480,000
	1,496	Liberty Cablevision of Puerto Rico Ltd.,
		LIBOR + 2.00%, 3/01/13		1,439,205
	1,493	Mediacom Broadband LLC, Loan D1, LIBOR
		+ 1.75%, 1/31/15		1,436,531
	1,522	Mediacom Communications Corp., Loan A,
		LIBOR + 1.50%, 3/31/10		1,445,631
	1,965	Mediacom Illinois LLC, Loan C, LIBOR +
		1.75%, 1/31/15		1,887,222
	1,912	Mission Broadcasting, Inc., Loan B, LIBOR +
		1.75%, 10/01/12		1,835,387
	388	Multicultural Radio Broadcasting, Inc., PRIME
		+ 1.75%, 12/18/12		380,240
		NTL Investment Holding Ltd. (GBP),
	1,116	Loan B1, LIBOR + 2.13%, 9/03/12		2,182,409
	1,304	Loan B2, TBD, 9/03/12		2,550,890
	1,500	Loan C, TBD, 3/03/13		2,940,483
	1,000	National CineMedia, Inc., Loan B, LIBOR +
		1.75%, 2/13/15		956,719
		New Wave Communications,
	70	LIBOR + 3.25%, 6/20/13		68,950
	941	Loan A, LIBOR + 3.25%, 6/30/13		926,392
	167	Loan Z, LIBOR + 3.25%, 6/20/13		164,495
	63	TBD, 6/20/13		62,055


	Principal
	Amount
	(000)	Description		Value
		Media— (cont'd)
$	1,811	Nexstar Finance, Inc., Loan B, LIBOR +
		1.75%, 10/01/12	$	1,738,530
	3,474	Nielsen Finance LLC/Nielsen Finance Co.,
		Loan B, LIBOR + 2.00%, 8/09/13		3,371,167
		PagesJaunes Groupe SA (EUR),
	1,000	Loan B2, LIBOR + 2.25%, 1/11/15		1,353,859
	1,000	Loan C, LIBOR + 2.75%, 1/11/16		1,353,859
	500	Loan D, LIBOR + 4.25%, 1/11/17		680,297
		Penton Media, Inc.,
	1,122	First Lien Loan, LIBOR + 2.25%, 2/01/13		1,063,974
	1,000	Second Lien Loan, LIBOR + 5.00%, 2/01/14		937,500
	1,000	Persona Communications, Inc., Second Lien
		Loan, LIBOR + 6.00%, 4/12/14		990,000
		ProSieben (EUR),
	500	Loan B1, LIBOR, 6/30/15		649,523
	1,000	Second Lien Loan, LIBOR + 2.63%, 6/30/15		1,299,045
	750	Puerto Rico Cable Acquisition Co., Second
		Lien Loan, LIBOR + 6.25%, 1/26/12		716,250
	739	Quebecor Media, Inc., Loan B, LIBOR +
		2.00%, 1/17/13		716,588
	1,000	RCN Corp., Loan B, LIBOR + 2.25%, 5/25/14		964,583
	2,030	R.H. Donnelley, Inc., Loan D2, LIBOR +
		1.50%, 6/30/11		2,003,905
		TDC (EUR),
	944	Loan B, TBD, 1/03/14		1,318,507
	1,138	Loan C2, LIBOR + 2.13%, 1/30/15		1,596,032
		UPC Broadband Holding BV (EUR),
	3,767	Loan M1, LIBOR, 12/31/14		5,112,224
	4,069	Loan M2, LIBOR, 12/31/14		5,520,090
		Univision Communications, Inc.,
	664	Delayed Draw Loan, 1.00%, 9/29/14		631,208
	5,638	Loan B, LIBOR + 2.25%, 9/29/14		5,355,705
	1,000	Second Lien Loan, LIBOR, 3/29/09		987,500
	1,890	WMG Acquisition Corp., LIBOR + 2.00%,
		2/28/11		1,841,662
	2,500	Yell Group Plc, Loan B, LIBOR + 2.00%,
		2/27/13 (EUR)		3,460,345
		Total Media		109,664,572
		Real Estate—1.5%
	855	Acoustical Materials, LIBOR + 2.75%, 4/13/12		794,748
	2,000	Georgian Towers, Loan B5, LIBOR, 3/01/12		1,902,198
	1,641	Headwaters, Inc., LIBOR + 2.00%, 4/30/11		1,599,609
	489	Masonite Intl. Corp., LIBOR + 2.00%, 4/06/13		458,508
	2,000	Realogy Corp., LIBOR + 3.00%, 10/10/13		1,869,000
		Total Real Estate		6,624,063
		Technology—3.6%
	465	Activant Solutions, Inc., LIBOR + 2.00%,
		5/02/13		443,340
	739	Affiliated Computer Services, Inc., LIBOR +
		2.00%, 3/20/13		725,822
	1,460	ClientLogic Corp., LIBOR + 2.50%, 1/30/14		1,365,278
	1,000	Cocreate Software, Inc., Second Lien Loan,
		LIBOR + 7.25%, 5/30/14		1,002,500
	500	Electrical Components Intl. Holdings Co.,
		Second Lien Loan, LIBOR + 6.50%, 5/01/14		440,000
		Intergraph Corp.,
	431	First Lien Loan, LIBOR + 2.00%, 5/29/14		418,235
	750	Second Lien Loan, LIBOR, 11/15/14		742,969
	992	Marvell Technology Group Ltd., Loan B,
		LIBOR + 2.50%, 11/09/09		962,119
	300	Mitchell International, Inc., Second Lien Loan,
		LIBOR + 5.25%, 3/28/15		279,000
		RedPrairie Corp.,
	990	Loan B, PRIME + 2.00%, 7/31/12		940,500
	1,250	Second Lien Loan, LIBOR + 6.50%, 1/31/13		1,187,500
	41	SS&C Technologies, Inc., TBD, 11/04/12		40,230

BlackRock Global Floating Rate Income Trust (BGT) (continued)
(Percentages shown are based on Net Assets)


	Principal
	Amount
	(000)	Description		Value
		Technology— (cont'd)
$	1,500	San Juan Cable, LIBOR + 6.50%, 10/31/13	$	1,425,938
		Sensata Technologies BV,
	1,485	LIBOR + 2.00%, 4/27/13 (EUR)		2,012,991
	983	Loan B, LIBOR + 1.75%, 4/27/13		941,113
	2,450	SunGard Data Systems, Inc., Loan B, LIBOR +
		2.00%, 2/28/14		2,404,247
		Wire Rope Corp.,
	175	LIBOR + 2.25%, 2/08/14		169,036
	70	TBD, 1/30/14		67,716
		Total Technology		15,568,534
		Telecommunications—8.8%
	2,993	American Cellular Corp., Loan B, LIBOR +
		2.00%, 3/15/14		2,972,549
	1,250	American Cellular Wireless LLC, Delayed
		Draw Loan, 0.75%, 3/15/14		1,239,063
	395	Cavalier Telephone Corp., Loan B, LIBOR +
		4.75%, 12/31/12		392,038
	2,169	Centennial Cellular Operating Co., LIBOR +
		2.00%, 2/09/11		2,127,992
	500	Country Road Communications LLC, Second
		Lien Loan, LIBOR + 7.75%, 7/15/13		490,000
		Eircom Group Plc (EUR),
	3,000	Loan B, LIBOR + 1.88%, 9/30/14		4,113,421
	3,000	Loan C, LIBOR + 2.13%, 9/30/15		4,130,071
	1,000	Loan D, LIBOR, 3/31/16		1,381,924
	500	Hargray Communications, Inc., Second Lien
		Loan, LIBOR + 5.50%, 12/31/14		490,000
	1,000	IPC Systems, Inc., Second Lien Loan, LIBOR +
		6.50%, 9/29/14		846,250
	4,000	Insight Midwest Holdings LLC, Loan B,
		0.25%, 4/06/14		3,914,376
	2,000	Iowa Telecommunications Services, Inc., Loan
		B, LIBOR + 1.75%, 11/23/11		1,970,000
		NG Wireless,
	140	Delayed Draw Loan, TBD, 7/31/14		138,269
	610	First Lien Loan, PRIME + 1.75%, 7/31/14		600,481
	1,704	NTELOS, Inc., First Lien Loan, LIBOR +
		2.25%, 8/24/11		1,674,360
	443	Triton PCS, Inc., LIBOR + 3.25%, 11/18/09		440,523
	2,970	West Corp., Loan B2, LIBOR + 2.38%,
		10/24/13		2,910,297
		Wind Acquisition Finance S.A. (EUR),
	1,386	Loan A1, LIBOR + 2.00%, 5/25/12		1,926,649
	279	Loan A2, LIBOR + 2.00%, 12/31/10		387,465
	2,000	Loan B1, LIBOR + 2.50%, 7/31/12		2,785,356
	2,000	Loan C1, LIBOR + 3.25%, 7/31/13		2,794,861
		Total Telecommunications		37,725,945
		Transportation—3.6%
	1,000	BAA Plc, TBD, 9/30/11 (GBP)		1,952,791
		Dockwise Transport N.V.,
	1,733	Loan B1, LIBOR + 2.38%, 4/20/15		1,650,814
	733	Loan C, LIBOR + 2.88%, 4/20/16		701,063
	1,000	Loan C2, LIBOR + 2.38%, 4/15/16		956,250
	650	Loan D, LIBOR + 4.50%, 10/20/16		619,125
	1,000	Loan D2, LIBOR, 10/15/16		952,500
		Hawker Beechcraft Acquisition Co.,
	78	Letter of Credit, LIBOR + 2.10%, 3/26/14		75,641
	920	LIBOR + 2.00%, 3/26/14		891,707
	1,000	Jacobson Holding Co., Second Lien Loan,
		LIBOR + 5.50%, 12/19/14		895,000
	1,750	RailAmerica, Inc., Loan B, LIBOR + 2.25%,
		8/14/08		1,719,375
	322	Sirva Worldwide, Inc., LIBOR + 7.25%,
		12/01/10		219,016
	1,477	Swift Transportation Co., Inc., LIBOR +
		3.00%, 5/10/14		1,337,508


	Principal
	Amount
	(000)		Description		Value
			Transportation— (cont'd)
$	2,000		U.S. Airways, Loan B, LIBOR + 2.50%,
			3/24/14	$	1,896,428
	1,493		United Air Lines, Inc., Loan B, LIBOR +
			2.00%, 2/01/14		1,412,745
			Total Transportation		15,279,963
			Total Bank Loans		486,973,851
			Foreign Government Bonds—17.8%
	3,840		Argentina Republic, 4.005%, 8/03/12		2,177,280
	1,452		Bolivarian Republic of Venezuela, 2.75%,
			12/18/07		1,451,945
			Federative Republic of Brazil,
	475		10.25%, 6/17/13		581,875
	9,435	²	10.981%, 6/29/09		10,336,042
	1,600		Islamic Republic of Pakistan, 6.75%, 2/19/09		1,559,842
	1,067		Kingdom of Morocco, 6.219%, 1/05/09		1,066,665
	800		Malaysia, 8.75%, 6/01/09		847,162
	2,400		Republic of Chile, 6.875%, 4/28/09		2,468,160
	1,200	²	Republic of Colombia, 9.244%, 3/17/13		1,314,000
	3,200		Republic of Costa Rica, 9.335%, 5/15/09		3,368,000
	2,000		Republic of Panama, 8.25%, 4/22/08		2,030,000
			Republic of Peru,
	5,152		4.50%, 3/07/17		5,152,000
	2,400		9.125%, 1/15/08		2,418,000
	2,400		Republic of South Africa, 7.375%, 4/25/12		2,592,000
	2,400		Republic of the Philippines, 8.875%, 4/15/08		2,460,715
	950		Republic of Uruguay, 6.875%, 1/19/16		1,406,034
			Republic of Venezuela,
	4,000	²	6.36%, 4/20/11		3,733,600
	2,000		11.00%, 3/05/08 (EUR)		2,886,122
	2,735		Turkey, 7.00%, 9/26/16		2,786,281
			Ukraine,
	2,800	¹	6.875%, 3/04/11		2,856,000
	16,100	^1,2	8.693%, 8/05/09		16,744,000
			United Mexican States,
	4,800	²	6.06%, 1/13/09		4,819,200
	13,520		9.00%, 12/22/11 (MXN)		1,294,842
			Total Foreign Government Bonds		76,349,765
	Shares
			Common Stocks—0.0%
	947	⁴	Critical Care Systems Intl., Inc.		5,919
			Total Long-Term Investments
			(cost $662,861,137)		655,964,280
	Principal
	Amount
	(000)
			SHORT-TERM INVESTMENTS—1.9%
			U.S. Government and Agency Discount Notes—1.9%
			Federal Home Loan Bank Disc. Notes,
$	3,300	⁵	3.901%, 10/01/07		3,300,000
	2,000	⁵	4.629%, 10/10/07		1,997,690
	1,000	⁵	4.735%, 10/12/07		998,558
	2,000	⁵	Federal Home Loan Mortgage Disc. Notes,
			4.539%, 10/29/07		1,992,969
			Total Short-Term Investments
			(cost $8,289,217)		8,289,217
Total Investments—154.3% (cost $671,150,354⁷)				$	664,253,497
Other assets in excess of liabilities—2.3%					9,823,752
Preferred shares at redemption value, including dividends
payable —(56.6)%					(243,604,973	)
Net Assets Applicable to Common Shareholders—100%				$	430,472,276

BlackRock Global Floating Rate Income Trust (BGT) (continued)
(Percentages shown are based on Net Assets)



¹	Security is not registered under the Securities Act of 1933. These securities may be resold in transactions in accordance with Rule 144A under that Act, to qualified institutional buyers. As of September 30, 2007, the Trust held 7.4% of its net assets, with a current market value of $31,952,983, in securities restricted as to resale.

²	Variable rate security. Rate shown is interest rate as of September 30, 2007.

³	Issuer is in default and/or bankruptcy.

⁴	Non-income producing security.

⁵	Rate shown is the yield to maturity as of the date of purchase.

⁶	Cost for federal income tax purposes is $671,220,748. The net unrealized depreciation on a tax basis is $6,967,251, consisting of $12,742,722 gross unrealized appreciation and $19,709,973 gross unrealized depreciation.

	For Trust compliance purposes, the Trust's sector and industry classifications refer to any one or more of the Standard Industry Codes as defined by the SEC. This definition may not apply for purposes of this report, which may combine sector and industry sub-classifications for reporting ease.


KEY TO ABBREVIATIONS
EUR		— Euro
GBP		— British Pound
LIBOR		— London Interbank Offered Rate
MXN		— Mexican Peso
PRIME		— Prime Rate
TBD		— To Be Determined

Item 2 –	Controls and Procedures

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

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

Item 3 –	Exhibits

	Certifications – Attached hereto Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. BlackRock Global Floating Rate Income Trust

	By:	/s/ Donald C. Burke
		Donald C. Burke,
		President & Chief Executive Officer of
		BlackRock Global Floating Rate Income Trust

	Date:	November 20, 2007


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

	By:	/s/ Donald C. Burke
		Donald C. Burke,
		President & Chief Executive Officer (principal executive officer) of
		BlackRock Global Floating Rate Income Trust

	Date:	November 20, 2007

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

	Date:	November 20, 2007