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BLACKROCK CORE BOND TRUST

Regulatory Filings Jan 22, 2018

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N-Q 1 d469399dnq.htm BLACKROCK CORE BOND TRUST BLACKROCK CORE BOND 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: 811-10543

Name of Fund: BlackRock Core Bond Trust (BHK)

Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809

Name and address of agent for service: John M. Perlowski, Chief Executive Officer, BlackRock Core Bond Trust,

55 East 52 nd Street, New York, NY 10055

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

Date of fiscal year end: 08/31/2018

Date of reporting period: 11/30/2017

Item 1 – Schedule of Investments

Schedule of Investments (unaudited) November 30, 2017 BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets)

Security Value
Asset-Backed Securities — 11.1%
AIMCO CLO, Series 2014-AA, Class DR, (3 mo. LIBOR US +
3.25%), 4.61%, 07/20/26 (a)(b) USD 795 $ 805,317
ALM VI Ltd., Series 2012-6A, Class B2RR, (3 mo. LIBOR US
+ 2.05%), 3.41%, 07/15/26 (a)(b) 1,000 1,007,900
ALM XVI Ltd./ALM XVI LLC, Series 2015-16A, Class C2R,
(3 mo. LIBOR US + 3.20%), 4.56%, 07/15/27 (a)(b) 2,080 2,111,928
Anchorage Capital CLO 2013-1 Ltd., Series 2013-1A, Class CR, 4.56%, 10/13/30 (b)(c) 1,000 1,017,227
Anchorage Capital CLO Ltd. (a)(b) :
Series 2014-4A, Class CR, (3 mo. LIBOR US + 3.40%),
4.78%, 07/28/26 1,975 2,000,587
Series 2016-9A, Class D, (3 mo. LIBOR
US + 4.00%), 5.36%, 01/15/29 650 662,534
Ares XXVIII CLO Ltd., Series 2013-3A, Class DR, (3 mo. LIBOR US
+ 3.25%), 4.60%, 10/17/24 (a)(b) 1,000 1,004,663
Ares XXXII CLO Ltd., Series 2014-32A, Class CR, (3 mo. LIBOR US
+ 3.45%), 4.87%, 11/15/25 (a)(b) 1,250 1,256,464
Atlas Senior Loan Fund Ltd., (3 mo. LIBOR US + 3.90%), 5.38%, 11/30/28 (a)(b) 1,250 1,271,421
Babson CLO Ltd., Series 2013-IA, Class D, (3 mo. LIBOR
US + 3.50%), 4.86%, 04/20/25 (a)(b) 1,500 1,508,315
Ballyrock CLO LLC, Series 2014-1A, Class CR, (3 mo. LIBOR US
+ 3.65%), 5.01%, 10/20/26 (a)(b) 1,970 1,974,470
Battalion CLO VII Ltd., Series 2014-7A, Class C, (3 mo. LIBOR US
+ 3.90%), 5.25%, 10/17/26 (a)(b) 1,000 1,001,748
BlueMountain CLO Ltd., Series 2014-3A, Class CR, (3 mo. LIBOR US
+ 3.20%), 4.56%, 10/15/26 (a)(b) 1,000 1,002,510
Bowman Park CLO Ltd., Series 2014-1A, Class D2R, (3 mo. LIBOR US
+ 3.35%), 4.81%, 11/23/25 (a)(b) 3,000 3,016,406
CenterPoint Energy Transition Bond Co. IV LLC, Series 2012-1, Class A3, 3.03%, 10/15/25 2,210 2,261,616
CIFC Funding Ltd., Series 2014-4A, Class D, (3 mo. LIBOR US
+ 3.40%), 4.75%, 10/17/26 (a)(b) 2,000 2,014,047
Countrywide Asset-Backed Certificates, Series 2006-13, Class 3AV2, (1 mo. LIBOR US + 0.15%), 1.48%, 01/25/37 (a) 219 218,133
Security Value
Asset-Backed Securities (continued)
DCP Rights LLC, Series 2014-1A, Class A, 5.46%, 10/25/44 (b) USD 3,834 $ 3,946,958
Dryden Senior Loan Fund (a)(b) :
Series 2014-31A, Class DR, (3 mo. LIBOR
US + 3.35%), 4.70%, 04/18/26 1,250 1,259,006
Series 2014-34A, Class CR, (3 mo. LIBOR
US + 2.15%), 3.51%, 10/15/26 1,000 1,002,804
Series 2015-41A, Class A, (3 mo. LIBOR
US + 1.50%), 2.86%, 01/15/28 2,550 2,563,996
Galaxy XIV CLO Ltd., Series 2012-14A, Class DR, (3 mo. LIBOR US
+ 4.30%), 5.72%, 11/15/26 (a)(b) 1,000 1,010,381
GoldenTree Loan Opportunities IX Ltd., Series 2014-9A, Class D, 4.88%, 10/29/26 (a) 1,000 1,006,076
Highbridge Loan Management Ltd., Series 5A-2015 (a)(b) :
Class C1R, (3 mo. LIBOR US + 2.10%), 3.48%, 01/29/26 4,000 4,024,902
Class D1R, (3 mo. LIBOR US + 3.30%), 4.68%, 01/29/26 500 501,301
Lendmark Funding Trust, Series 2017-2A, Class A,
2.80%, 05/20/26 (b) 2,880 2,879,883
Limerock CLO III LLC, Series 2014-3A, Class C, (3 mo. LIBOR US
+ 3.60%), 4.96%, 10/20/26 (a)(b) 3,750 3,755,918
Madison Park Funding XV Ltd., Series 2014-15A, Class B1R,
(3 mo. LIBOR US + 2.20%), 3.57%, 01/27/26 (a)(b) 1,800 1,805,424
Nelnet Student Loan Trust, Series 2006-1, Class A5, (3 mo. LIBOR
US + 0.11%), 1.56%, 08/23/27 (a) 610 608,837
Neuberger Berman CLO XV, Series 2013-15A, Class DR,
4.41%, 10/15/29 (b)(c) 1,000 1,006,999
Neuberger Berman CLO XVIII Ltd., Series 2014-18A, Class CR,
(3 mo. LIBOR US + 4.25%), 5.66%, 11/14/27 (a)(b) 2,250 2,311,612
OCP CLO Ltd., Series 2012-2A, Class DR, (3 mo. LIBOR
US + 4.47%), 5.92%, 11/22/25 (a)(b) 1,000 1,018,926
Octagon Investment Partners XXI Ltd., Series 2014-1A, Class C, (3 mo. LIBOR US + 3.65%), 5.06%, 11/14/26 (a)(b) 2,000 2,014,262
OneMain Financial Issuance Trust, Series 2015-2A, Class C,
4.32%, 07/18/25 (b) 5,000 4,996,298

S CHEDULES OF I NVESTMENTS 1

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets)

Security Value
Asset-Backed Securities (continued)
OZLM Funding III Ltd., Series 2013-3A, Class BR, (3 mo.
LIBOR US + 3.00%), 4.36%, 01/22/29 (a)(b) USD 1,500 $ 1,526,229
OZLM VII Ltd., Series 2014-7A, Class CR, (3 mo. LIBOR
US + 3.50%), 4.85%, 07/17/26 (a)(b) 950 956,237
OZLM VIII Ltd., Series 2014-8A, Class CR, (3 mo. LIBOR
US + 3.40%), 4.75%, 10/17/26 (a)(b) 1,750 1,754,262
Regatta V Funding Ltd., Series 2014-1A, Class C, (3 mo.
LIBOR US + 3.45%), 4.82%, 10/25/26 (a)(b) 2,000 2,005,177
Rockford Tower CLO Ltd., Series 2017-1A, Class D, (3 mo.
LIBOR US + 3.25%), 4.61%, 04/15/29 (a)(b) 750 760,630
SLM Private Education Loan Trust (b) :
Series 2012-A, Class A2, 3.83%, 01/17/45 466 472,227
Series 2014-A, Class B, 3.50%, 11/15/44 500 507,841
SMB Private Education Loan Trust, Series 2015-C, Class C,
4.50%, 09/17/46 (b) 5,900 6,079,254
Sound Point CLO IV Ltd., Series 2013-3A, Class DR, (3 mo.
LIBOR US + 3.40%), 4.76%, 01/21/26 (a)(b) 700 701,580
Sound Point CLO VII Ltd., Series 2014-3A, Class D, (3 mo.
LIBOR US + 3.60%), 4.96%, 01/23/27 (a)(b) 1,250 1,258,232
Sound Point CLO XIV Ltd., Series 2016-3A, Class D, (3 mo.
LIBOR US + 3.85%), 5.21%, 01/23/29 (a)(b) 1,550 1,579,509
Stewart Park CLO Ltd., Series 2015-1A, Class D, (3 mo.
LIBOR US + 3.45%), 4.81%, 04/15/26 (a)(b) 1,000 1,003,033
Structured Asset Securities Corp., Series 2002-AL1, Class A2, 3.45%, 02/25/32 618 613,852
THL Credit Wind River CLO Ltd., Series 2014-3A, Class DR,
(3 mo. LIBOR US + 3.35%), 4.71%, 01/22/27 (a)(b) 1,000 1,003,855
Voya CLO Ltd., Series 2016-3A, Class D, (3 mo. LIBOR
US + 6.85%), 8.20%, 10/18/27 (a)(b) 615 634,229
Wellfleet CLO 2015-1 Ltd., Series 2015-1A, Class DR, 4.16%, 10/20/27 (b)(c) 2,000 2,004,390
World Financial Network Credit Card Master Trust, Series 2012-C, Class C, 4.55%, 08/15/22 2,360 2,398,875
Security Value
Asset-Backed Securities (continued)
York CLO Ltd., Series 2016-1A, Class DR, (3 mo. LIBOR US
+ 3.60%), 4.96%, 10/20/29 (a)(b)(d) USD 1,750 $ 1,778,793
York CLO-4 Ltd., Series 2016-2A, Class D, (3 mo. LIBOR US + 4.10%), 5.46%, 01/20/30 (a)(b) 1,500 1,547,273
88,434,347
Interest Only Asset-Backed Securities — 0.0%
Sterling Bank Trust, Series 2004-2, Class Note,
2.08%, 03/30/30 (b)(d) 2,689 160,508
Sterling Coofs Trust, Series 2004-1, Class A,
2.36%, 04/15/29 (b)(c)(d) 3,477 159,695
320,203
Total Asset-Backed Securities — 11.1% (Cost — $86,773,533) 88,754,550
Corporate Bonds — 71.2%
Aerospace & Defense — 1.2%
Arconic, Inc.:
5.40%, 04/15/21 340 362,261
5.13%, 10/01/24 907 967,089
5.90%, 02/01/27 70 78,050
6.75%, 01/15/28 54 63,318
5.95%, 02/01/37 30 32,475
Bombardier, Inc. (b) :
8.75%, 12/01/21 583 644,950
6.00%, 10/15/22 13 12,724
6.13%, 01/15/23 231 227,350
7.50%, 12/01/24 176 177,478
7.50%, 03/15/25 225 226,125
7.45%, 05/01/34 100 98,500
Eaton Corp., 4.15%, 11/02/42 500 510,536
EnPro Industries, Inc., 5.88%, 09/15/22 74 76,960
KLX, Inc., 5.88%, 12/01/22 (b) 800 836,000
Koppers, Inc., 6.00%, 02/15/25 (b) 151 162,182
Kratos Defense & Security Solutions, Inc.:
7.00%, 05/15/19 60 61,680
6.50%, 11/30/25 (b) 114 117,135
Lockheed Martin Corp., 4.09%, 09/15/52 1,410 1,445,385
Moog, Inc., 5.25%, 12/01/22 (b) 180 186,975
Pioneer Holdings LLC/Pioneer Finance Corp.,
9.00%, 11/01/22 (b) 116 118,900

2 2017 B LACK R OCK Q UARTERLY R EPORT TO S HAREHOLDERS

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets)

Security Value
Aerospace & Defense (continued)
TransDigm, Inc.:
5.50%, 10/15/20 USD 211 $ 213,110
6.00%, 07/15/22 547 564,094
6.50%, 07/15/24 191 195,297
6.50%, 05/15/25 132 134,719
6.38%, 06/15/26 90 91,350
United Technologies Corp., 6.13%, 07/15/38 1,450 1,897,416
9,502,059
Air Freight & Logistics — 0.3%
FedEx Corp., 4.75%, 11/15/45 1,250 1,355,891
XPO Logistics, Inc.:
5.75%, 06/15/21 EUR 100 122,493
6.50%, 06/15/22 (b) USD 495 517,275
1,995,659
Airlines — 2.2%
Air Canada Pass-Through Trust, Series 2015-1, Class B,
3.88%, 09/15/24 (b) 1,710 1,718,061
American Airlines Pass-Through Trust:
Series 2013-2, Class A, 4.95%, 07/15/24 (e) 3,437 3,651,366
Series 2015-2, Class A, 4.00%, 03/22/29 1,393 1,456,446
Series 2015-2, Class AA, 3.60%, 03/22/29 1,393 1,437,543
Series 2017-1, Class B, 4.95%, 08/15/26 1,925 2,017,593
Avianca Holdings SA/Avianca Leasing LLC/Grupo Taca Holdings Ltd., 8.38%, 05/10/20 302 308,795
Continental Airlines Pass-Through Trust:
Series 2010-1, Class B, 6.00%, 07/12/20 331 338,849
Series 2012-3, Class C, 6.13%, 04/29/18 150 152,250
Latam Finance Ltd., 6.88%, 04/11/24 (b) 257 270,750
Mexico City Airport Trust,
5.50%, 07/31/47 (b) 260 260,387
United Airlines Pass-Through Trust:
Series 2013-1, Class A, 4.30%, 02/15/27 3,409 3,618,111
Series 2014-2, Class B, 4.63%, 03/03/24 2,231 2,309,407
17,539,558
Security
Auto Components — 0.4%
Adient Global Holdings Ltd., 3.50%, 08/15/24 EUR 100 127,247
Allison Transmission, Inc.,
5.00%, 10/01/24 (b) USD 19 19,789
Aptiv PLC, 4.40%, 10/01/46 465 472,280
Gestamp Funding Luxembourg SA, 3.50%, 05/15/23 EUR 100 124,629
HP Pelzer Holding GmbH, 4.13%, 04/01/24 100 124,143
Icahn Enterprises LP/Icahn Enterprises Finance Corp.:
4.88%, 03/15/19 USD 367 368,376
6.00%, 08/01/20 20 20,600
6.25%, 02/01/22 430 447,200
6.75%, 02/01/24 234 245,700
IHO Verwaltungs GmbH (f) :
(2.75% Cash or 3.50% PIK), 2.75%, 09/15/21 EUR 100 122,339
(3.25% Cash or 4.00% PIK), 3.25%, 09/15/23 100 124,738
(4.13% Cash or 4.88%
PIK), 4.13%, 09/15/21 (b) USD 200 203,202
(4.50% Cash or 5.25%
PIK), 4.50%, 09/15/23 (b) 205 209,869
Tesla, Inc., 5.30%, 08/15/25 (b)(e) 360 343,692
ZF North America Capital,
Inc., 4.75%, 04/29/25 (b) 150 159,807
3,113,611
Automobiles — 0.9%
Ford Motor Co., 4.75%, 01/15/43 (e) 4,255 4,215,380
General Motors Co., 6.25%, 10/02/43 2,506 2,914,009
7,129,389
Banks — 1.7%
Allied Irish Banks PLC, (5 year EUR Swap + 3.95%), 4.13%, 11/26/25 (g) EUR 100 129,285
Banco Inbursa SA Institucion de Banca Multiple, 4.13%, 06/06/24 (b) USD 255 257,780
Banco Popolare, 2.75%, 07/27/20 EUR 100 124,430
Bankia SA, (5 year EUR Swap + 3.17%),
4.00%, 05/22/24 (g) 100 124,041
Barclays PLC, 3.65%, 03/16/25 (e) USD 4,320 4,311,433
CaixaBank SA, (5 year EUR Swap + 3.35%), 3.50%, 02/15/27 (g) EUR 100 126,446
CIT Group, Inc., 5.00%, 08/01/23 USD 395 425,099
Cooperatieve Rabobank UA, 3.95%, 11/09/22 1,500 1,568,395

S CHEDULES OF I NVESTMENTS 3

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets)

Security Value
Banks (continued)
HSBC Holdings PLC, 6.10%, 01/14/42 USD 610 $ 826,068
Inversiones Atlantida SA,
8.25%, 07/28/22 (b) 200 206,750
National Bank of Greece SA, 2.75%, 10/19/20 EUR 100 119,725
Santander Holdings USA, Inc., 4.50%, 07/17/25 USD 2,000 2,083,363
Santander UK Group Holdings PLC, 2.88%, 08/05/21 1,250 1,250,011
Wells Fargo & Co.,
3.90%, 05/01/45 (e) 2,250 2,275,536
13,828,362
Beverages — 0.7%
Anheuser-Busch InBev Finance, Inc.,
4.90%, 02/01/46 (e) 4,600 5,193,107
Central American Bottling Corp.,
5.75%, 01/31/27 (b) 222 233,544
5,426,651
Biotechnology — 0.5%
Amgen, Inc., 4.40%, 05/01/45 (e) 2,250 2,376,263
Baxalta, Inc., 5.25%, 06/23/45 500 564,828
Gilead Sciences, Inc., 4.80%, 04/01/44 1,000 1,122,315
Senvion Holding GmbH, 3.88%, 10/25/22 EUR 100 114,233
4,177,639
Building Materials — 0.1%
James Hardie International Finance Ltd.:
4.75%, 01/15/25 USD 200 203,500
5.00%, 01/15/28 200 203,500
Titan Global Finance PLC, 3.50%, 06/17/21 EUR 100 126,583
533,583
Building Products — 0.2%
Beacon Escrow Corp., 4.88%, 11/01/25 (b) USD 466 475,320
Building Materials Corp. of America (b):
5.38%, 11/15/24 29 30,522
6.00%, 10/15/25 200 215,540
CPG Merger Sub LLC,
8.00%, 10/01/21 (b) 320 331,200
Masonite International Corp.,
5.63%, 03/15/23 (b) 354 370,479
Ply Gem Industries, Inc., 6.50%, 02/01/22 147 152,145
Quintiles IMS, Inc., 4.88%, 05/15/23 (b) 74 76,590
Standard Industries, Inc. (b) :
5.13%, 02/15/21 10 10,299
5.50%, 02/15/23 100 105,000
Security Value
Building Products (continued)
USG Corp., 4.88%, 06/01/27 (b) USD 273 $ 285,285
2,052,380
Cable Television Services — 0.0%
CB Escrow Corp., 8.00%, 10/15/25 (b) 127 127,635
Capital Markets — 2.8%
Blackstone CQP Holdco LP (b) :
6.50%, 03/20/21 1,375 1,392,187
6.00%, 08/18/21 224 224,000
CDP Financial, Inc., 5.60%, 11/25/39 (b)(e) 5,890 7,684,380
Goldman Sachs Group, Inc.,
3.75%, 05/22/25 (e) 8,965 9,190,535
Morgan Stanley:
4.00%, 07/23/25 905 946,447
3.13%, 07/27/26 (e) 2,000 1,963,006
Raymond James Financial, Inc., 4.95%, 07/15/46 400 439,806
SURA Asset Management SA,
4.38%, 04/11/27 (b) 259 262,497
22,102,858
Chemicals — 1.1%
Air Liquide Finance SA, 3.50%, 09/27/46 (b) 360 349,095
Alpha 3 BV/Alpha US Bidco, Inc.,
6.25%, 02/01/25 (b) 600 615,000
Axalta Coating Systems
LLC, 4.88%, 08/15/24 (b) 161 168,648
Blue Cube Spinco, Inc.:
9.75%, 10/15/23 319 380,009
10.00%, 10/15/25 183 222,345
CF Industries, Inc.:
7.13%, 05/01/20 80 87,700
5.15%, 03/15/34 60 60,450
4.95%, 06/01/43 116 108,460
Chemours Co.:
6.63%, 05/15/23 182 192,465
7.00%, 05/15/25 44 48,125
5.38%, 05/15/27 404 421,170
Cydsa SAB de C.V., 6.25%, 10/04/27 (b) 319 317,006
Hexion, Inc., 10.38%, 02/01/22 (b) 122 112,277
Ineos Finance PLC, 4.00%, 05/01/23 EUR 100 122,747
Methanex Corp., 3.25%, 12/15/19 USD 1,650 1,654,851
Mexichem SAB de CV (b) :
4.00%, 10/04/27 200 199,000
5.50%, 01/15/48 200 194,500
Momentive Performance Materials, Inc., 3.88%, 10/24/21 735 762,562

4 2017 B LACK R OCK Q UARTERLY R EPORT TO S HAREHOLDERS

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets)

Security Value
Chemicals (continued)
NOVA Chemicals Corp. (b) :
4.88%, 06/01/24 USD 183 $ 185,288
5.25%, 06/01/27 23 23,230
Platform Specialty Products Corp. (b) :
6.50%, 02/01/22 1,182 1,221,892
5.88%, 12/01/25 266 267,995
PQ Corp.:
6.75%, 11/15/22 (b) 251 270,452
5.75%, 12/15/25 269 275,052
PSPC Escrow Corp., 6.00%, 02/01/23 EUR 100 124,572
Tronox Finance PLC, 5.75%, 10/01/25 (b) USD 123 127,920
Venator Finance Sarl/Venator Materials LLC,
5.75%, 07/15/25 (b) 100 105,500
Versum Materials, Inc., 5.50%, 09/30/24 (b) 81 86,670
WR Grace & Co-Conn (b) :
5.13%, 10/01/21 333 352,564
5.63%, 10/01/24 80 86,400
9,143,945
Commercial Services & Supplies — 0.9%
ADT Corp.:
6.25%, 10/15/21 236 259,600
3.50%, 07/15/22 143 142,464
4.13%, 06/15/23 264 266,804
4.88%, 07/15/32 (b) 371 351,908
Advanced Disposal Services, Inc.,
5.63%, 11/15/24 (b) 151 155,908
Aviation Capital Group Corp. (b) :
4.63%, 01/31/18 1,300 1,305,674
7.13%, 10/15/20 1,800 2,015,151
Booz Allen Hamilton, Inc.,
5.13%, 05/01/25 (b) 388 389,940
CD&R Waterworks Merger Sub LLC,
6.13%, 08/15/25 (b) 245 249,974
Harland Clarke Holdings Corp.,
8.38%, 08/15/22 (b) 284 296,070
Iron Mountain, Inc., 6.00%, 08/15/23 80 83,824
KAR Auction Services, Inc.,
5.13%, 06/01/25 (b) 236 244,260
Michael Baker International LLC,
8.75%, 03/01/23 (b) 65 62,075
Mobile Mini, Inc., 5.88%, 07/01/24 343 360,150
Paprec Holding SA, 5.25%, 04/01/22 EUR 100 123,794
Park Aerospace Holdings Ltd. (b) :
3.63%, 03/15/21 USD 166 162,680
5.25%, 08/15/22 267 273,007
Security Value
Commercial Services & Supplies (continued)
Ritchie Bros Auctioneers,
Inc., 5.38%, 01/15/25 (b) USD 226 $ 236,170
United Rentals North America, Inc.:
5.75%, 11/15/24 46 48,530
5.88%, 09/15/26 77 82,871
Wrangler Buyer Corp., 6.00%, 10/01/25 (b) 79 80,185
7,191,039
Communications Equipment — 0.3%
CommScope Technologies LLC,
5.00%, 03/15/27 (b) 137 137,000
CommScope, Inc. (b) :
5.00%, 06/15/21 250 256,219
5.50%, 06/15/24 154 161,315
Nokia OYJ:
3.38%, 06/12/22 72 71,910
4.38%, 06/12/27 101 100,192
6.63%, 05/15/39 135 149,175
Zayo Group LLC/Zayo Capital, Inc.:
6.00%, 04/01/23 776 807,525
6.38%, 05/15/25 108 114,615
5.75%, 01/15/27 (b) 421 433,630
2,231,581
Construction & Engineering — 0.8%
Aeropuertos Argentina 2000 SA,
6.88%, 02/01/27 (b) 370 398,890
Aeropuertos Dominicanos Siglo XXI SA,
6.75%, 03/30/29 (b) 370 402,375
BlueLine Rental Finance
Corp., 9.25%, 03/15/24 (b) 793 858,422
Brand Energy & Infrastructure Services, Inc., 8.50%, 07/15/25 (b) 276 292,643
Engility Corp., 8.88%, 09/01/24 176 189,200
ITR Concession Co. LLC, 4.20%, 07/15/25 (b) 4,000 3,928,402
SPIE SA, 3.13%, 03/22/24 EUR 100 124,669
Tutor Perini Corp., 6.88%, 05/01/25 (b) USD 154 163,687
Weekley Homes LLC/Weekley Finance Corp.,
6.63%, 08/15/25 (b) 51 49,733
6,408,021
Construction Materials — 0.2%
American Tire Distributors, Inc.,
10.25%, 03/01/22 (b) 262 267,895
H&E Equipment Services,
Inc., 5.63%, 09/01/25 (b) 51 53,423
HD Supply, Inc., 5.75%, 04/15/24 (b) 779 829,635
Navistar International Corp.,
6.63%, 11/01/25 (b) 192 198,841

S CHEDULES OF I NVESTMENTS 5

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets)

Security Value
Construction Materials (continued)
New Enterprise Stone & Lime Co., Inc., 10.13%, 04/01/22 (b) USD 108 $ 116,910
PulteGroup, Inc.:
5.50%, 03/01/26 17 18,445
6.00%, 02/15/35 27 28,890
Rexel SA, 3.50%, 06/15/23 EUR 100 125,116
Williams Scotsman International, Inc.,
7.88%, 12/15/22 (b) USD 78 80,730
1,719,885
Consumer Discretionary — 0.1%
Arch Merger Sub, Inc., 8.50%, 09/15/25 (b) 130 117,000
Nielsen Co. Luxembourg SARL,
5.00%, 02/01/25 (b) 117 121,680
ServiceMaster Co. LLC, 5.13%, 11/15/24 (b) 168 170,520
Viking Cruises Ltd. (b) :
6.25%, 05/15/25 95 99,038
5.88%, 09/15/27 222 224,497
732,735
Consumer Finance — 1.9%
Ally Financial, Inc.:
6.25%, 12/01/17 320 320,000
8.00%, 11/01/31 946 1,252,267
Capital One Financial
Corp., 4.75%, 07/15/21 (e) 1,935 2,078,426
CDK Global, Inc., 4.88%, 06/01/27 (b) 209 215,270
Corivas Campus Living USG LLC,
5.30%, 07/01/50 (d) 5,700 5,798,538
Credivalores-Crediservicios SAS,
9.75%, 07/27/22 (b) 200 207,250
Ford Motor Credit Co. LLC (e) :
8.13%, 01/15/20 1,530 1,703,900
4.25%, 09/20/22 1,600 1,678,096
IHS Markit Ltd. (b) :
4.75%, 02/15/25 156 165,251
4.00%, 03/01/26 (h) 86 86,645
Navient Corp.:
5.00%, 10/26/20 180 183,375
6.63%, 07/26/21 165 174,488
6.50%, 06/15/22 93 97,650
5.50%, 01/25/23 280 280,350
7.25%, 09/25/23 173 186,407
6.13%, 03/25/24 21 21,263
5.88%, 10/25/24 56 56,297
6.75%, 06/25/25 112 115,360
5.63%, 08/01/33 101 86,860
Security Value
Consumer Finance (continued)
OneMain Financial Holdings LLC (b) :
6.75%, 12/15/19 USD 101 $ 104,283
7.25%, 12/15/21 152 157,806
Springleaf Finance Corp., 6.13%, 05/15/22 50 51,875
15,021,657
Containers & Packaging — 0.9%
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc.:
4.25%, 09/15/22 (b) 200 204,475
4.63%, 05/15/23 (b) 271 278,114
6.75%, 05/15/24 EUR 100 131,969
7.25%, 05/15/24 (b) USD 1,475 1,615,125
6.00%, 02/15/25 (b) 202 214,645
4.75%, 07/15/27 GBP 100 136,579
Ball Corp.:
5.00%, 03/15/22 USD 141 151,399
4.00%, 11/15/23 256 263,040
BWAY Holding Co., 5.50%, 04/15/24 (b) 591 616,117
Crown Americas LLC/Crown Americas Capital Corp. V, 4.25%, 09/30/26 75 75,375
Horizon Holdings I SASU, 7.25%, 08/01/23 EUR 100 126,752
JH-Holding Finance SA, (8.25% PIK), 8.25%, 12/01/22 (f) 100 128,022
Mercer International, Inc.:
7.75%, 12/01/22 USD 116 122,960
6.50%, 02/01/24 76 80,275
Reynolds Group Issuer, Inc./Reynolds Group Issuer LLC/Reynolds Group Issuer Lu:
5.75%, 10/15/20 194 197,274
6.88%, 02/15/21 305 310,907
(3 mo. LIBOR US +
3.50%), 4.86%, 07/15/21 (a)(b) 352 358,160
5.13%, 07/15/23 (b) 161 167,037
7.00%, 07/15/24 (b) 851 913,059
Sappi Papier Holding GmbH, 4.00%, 04/01/23 EUR 100 124,933
Sealed Air Corp., 4.88%, 12/01/22 (b) USD 533 565,646
Signode Industrial Group Lux SA/Signode Industrial Group US, Inc., 6.38%, 05/01/22 (b) 389 400,184
Silgan Holdings, Inc., 3.25%, 03/15/25 EUR 100 123,581

6 2017 B LACK R OCK Q UARTERLY R EPORT TO S HAREHOLDERS

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets)

Security Value
Containers & Packaging (continued)
Verallia Packaging SASU, 5.13%, 08/01/22 USD 100 $ 124,976
7,430,604
Diversified Consumer Services — 0.3%
APX Group, Inc.:
6.38%, 12/01/19 21 21,289
8.75%, 12/01/20 184 187,855
7.88%, 12/01/22 121 129,470
Ascend Learning LLC, 6.88%, 08/01/25 (b) 212 220,480
GW Honos Security Corp.,
8.75%, 05/15/25 (b) 58 62,060
Laureate Education, Inc.,
8.25%, 05/01/25 (b) 210 222,205
Prime Security Services Borrower LLC/Prime Finance, Inc., 9.25%, 05/15/23 (b) 1,390 1,534,212
RBS Global, Inc./Rexnord LLC, 4.88%, 12/15/25 153 153,000
Sotheby’s, 5.25%, 10/01/22 (b) 188 192,230
2,722,801
Diversified Financial Services — 3.8%
Aircastle Ltd.:
6.25%, 12/01/19 353 375,239
5.50%, 02/15/22 48 51,660
Banca IFIS SpA, 4.50%, 10/17/27 (c) EUR 100 121,144
Bank of America Corp.:
5.63%, 07/01/20 USD 2,200 2,373,624
3.25%, 10/21/27 (e) 5,500 5,438,092
Docuformas SAPI de C.V.,
9.25%, 10/11/22 (b) 200 197,500
FBM Finance, Inc., 8.25%, 08/15/21 (b) 185 197,487
FMR LLC, 4.95%, 02/01/33 (b)(e) 2,300 2,578,486
General Electric Co., 6.15%, 08/07/37 (e) 2,150 2,794,358
General Motors Financial Co., Inc., 4.25%, 05/15/23 807 842,303
IntercontinentalExchange Group, Inc., 4.00%, 10/15/23 470 498,086
Intesa Sanpaolo SpA, 5.02%, 06/26/24 (b)(e) 3,151 3,221,507
Jefferies Finance LLC/JFIN Co-Issuer Corp., 7.38%, 04/01/20 (b) 595 611,362
LHC3 PLC, (4.13% Cash or 4.88% PIK),
4.13%, 08/15/24 (f) EUR 100 122,539
Mercury Bondco PLC, (8.25% Cash or 9.00% PIK), 8.25%, 05/30/21 (f) 100 123,514
Moody’s Corp., 4.50%, 09/01/22 (e) USD 1,800 1,926,430
Northern Trust Corp., 3.95%, 10/30/25 (e) 8,000 8,462,406
Security Value
Diversified Financial Services (continued)
SPARC EM SPC Panama Metro Line 2 SP,
0.00%, 12/05/22 (b) USD 280 $ 256,200
Tempo Acquisition LLC/Tempo Acquisition Finance Corp., 6.75%, 06/01/25 (b) 345 347,156
UniCredit SpA, (5 year EUR Swap + 4.10%), 5.75%, 10/28/25 (g) EUR 107 142,641
30,681,734
Diversified Telecommunication Services — 3.6%
AT&T, Inc. (e) :
6.38%, 03/01/41 USD 520 607,647
5.15%, 03/15/42 2,400 2,439,233
4.75%, 05/15/46 2,710 2,572,413
CenturyLink, Inc.:
Series P, 7.60%, 09/15/39 7 5,810
Series S, 6.45%, 06/15/21 383 381,085
Series T, 5.80%, 03/15/22 172 164,475
Series U, 7.65%, 03/15/42 138 115,920
Series W, 6.75%, 12/01/23 163 157,042
Cincinnati Bell, Inc., 7.00%, 07/15/24 (b) 271 262,870
Frontier Communications Corp.:
8.13%, 10/01/18 195 193,538
7.13%, 03/15/19 220 212,575
7.13%, 01/15/23 53 37,100
7.63%, 04/15/24 89 62,523
6.88%, 01/15/25 915 626,775
Level 3 Financing, Inc.:
5.38%, 08/15/22 127 127,953
5.63%, 02/01/23 254 256,858
5.13%, 05/01/23 95 95,000
5.38%, 01/15/24 114 114,285
5.38%, 05/01/25 123 123,344
5.25%, 03/15/26 835 818,822
OTE PLC, 3.50%, 07/09/20 EUR 100 125,459
Qwest Corp., 6.75%, 12/01/21 USD 90 96,089
SoftBank Group Corp.:
(5 year USD ICE Swap + 4.85%), 6.88% (g)(i) 415 420,187
4.75%, 09/19/24 200 198,978
Telecom Italia Capital SA:
6.38%, 11/15/33 229 264,495
6.00%, 09/30/34 290 323,713
7.20%, 07/18/36 202 250,733
7.72%, 06/04/38 48 61,939
Telecom Italia SpA:
1.13%, 03/26/22 EUR 100 118,846
3.63%, 01/19/24 200 268,328

S CHEDULES OF I NVESTMENTS 7

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets)

Security Value
Diversified Telecommunication Services (continued)
Verizon Communications, Inc. (e) :
6.40%, 02/15/38 USD 6,879 $ 8,390,506
6.55%, 09/15/43 6,751 8,664,317
28,558,858
Electric Utilities — 6.2%
AES Corp., 4.88%, 05/15/23 190 193,975
Berkshire Hathaway Energy Co.,
6.50%, 09/15/37 (e) 5,515 7,539,885
Black Hills Corp., 3.15%, 01/15/27 405 393,773
Celeo Redes Operacion Chile SA,
5.20%, 06/22/47 (b) 299 302,770
Cleveland Electric Illuminating Co., 5.95%, 12/15/36 434 538,064
CMS Energy Corp., 5.05%, 03/15/22 (e) 1,832 1,995,704
Duke Energy Carolinas LLC:
6.10%, 06/01/37 640 836,462
6.00%, 01/15/38 1,675 2,194,027
4.25%, 12/15/41 750 808,688
Duke Energy Florida LLC, 6.40%, 06/15/38 770 1,066,227
E.ON International Finance BV,
6.65%, 04/30/38 (b) 3,100 4,077,550
Electricite de France SA,
5.60%, 01/27/40 (b)(e) 2,800 3,280,259
Enel Finance International NV,
3.63%, 05/25/27 (b) 1,250 1,229,268
Energuate Trust, 5.88%, 05/03/27 (b) 201 209,291
Florida Power Corp., 6.35%, 09/15/37 (e) 2,775 3,805,894
Jersey Central Power & Light Co., 7.35%, 02/01/19 490 517,170
NextEra Energy Operating Partners LP,
4.25%, 09/15/24 (b) 128 129,280
Ohio Power Co., Series D,
6.60%, 03/01/33 (e) 3,000 3,926,461
PacifiCorp, 6.25%, 10/15/37 (e) 1,225 1,636,097
Pampa Energia SA, 7.50%, 01/24/27 (b) 367 399,113
Public Service Co. of Colorado, Series 17, 6.25%, 09/01/37 (e) 2,550 3,439,385
Southern California Edison Co.:
5.63%, 02/01/36 (e) 1,300 1,626,079
Series A, 5.95%, 02/01/38 2,175 2,872,345
Southern Co., 4.40%, 07/01/46 1,000 1,048,099
Talen Energy Supply LLC, 6.50%, 06/01/25 125 105,938
Virginia Electric & Power Co., Series A, 6.00%, 05/15/37 3,920 5,069,317
Security Value
Electric Utilities (continued)
Viridian Group FinanceCo PLC/Viridian Power and Energy, 4.00%, 09/15/25 EUR 100 $ 119,061
49,360,182
Electrical Equipment — 0.0%
Anixter, Inc., 5.63%, 05/01/19 USD 35 36,225
Areva SA, 4.88%, 09/23/24 EUR 50 67,124
103,349
Electronic Equipment, Instruments & Components — 0.4%
CDW LLC/CDW Finance Corp.:
5.00%, 09/01/23 USD 134 140,030
5.50%, 12/01/24 450 490,500
5.00%, 09/01/25 72 75,240
Corning, Inc., 4.38%, 11/15/57 2,000 1,968,440
SESI LLC, 7.75%, 09/15/24 (b) 140 144,200
2,818,410
Energy Equipment & Services — 0.7%
Ensco PLC, 5.20%, 03/15/25 25 20,500
Enterprise Products Operating LLC,
6.13%, 10/15/39 (e) 1,400 1,741,068
Gates Global LLC/Gates Global Co.:
5.75%, 07/15/22 EUR 100 121,678
6.00%, 07/15/22 (b) USD 499 510,377
Genesis Energy LP/Genesis Energy Finance Corp., 5.75%, 02/15/21 142 143,242
GrafTech International Ltd., 6.38%, 11/15/20 600 598,500
Halliburton Co., 5.00%, 11/15/45 500 545,542
Noble Holding International Ltd.:
4.63%, 03/01/21 8 7,340
7.70%, 04/01/25 82 69,085
Pattern Energy Group,
Inc., 5.88%, 02/01/24 (b) 148 156,510
Pioneer Energy Services Corp., 6.13%, 03/15/22 172 139,320
Precision Drilling Corp.:
6.50%, 12/15/21 48 48,840
5.25%, 11/15/24 90 84,375
Transocean, Inc.:
5.80%, 10/15/22 256 254,080
9.00%, 07/15/23 (b) 501 541,080
6.80%, 03/15/38 17 13,558
Trinidad Drilling Ltd.,
6.63%, 02/15/25 (b) 243 232,065
Weatherford International Ltd.:
7.75%, 06/15/21 185 188,700
8.25%, 06/15/23 55 54,863

8 2017 B LACK R OCK Q UARTERLY R EPORT TO S HAREHOLDERS

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets)

Security Value
Energy Equipment & Services (continued)
Weatherford International Ltd. (continued)
9.88%, 02/15/24 USD 106 $ 111,167
5,581,890
Environmental, Maintenance, & Security Service — 0.0%
Tervita Escrow Corp., 7.63%, 12/01/21 (b) 276 279,450
Food & Staples Retailing — 0.5%
Albertsons Cos. LLC/Safeway, Inc./New Albertson’s, Inc./Albertson’s LLC:
6.63%, 06/15/24 124 117,180
5.75%, 03/15/25 68 60,500
Casino Guichard Perrachon SA, 4.56%, 01/25/23 EUR 100 134,774
CVS Health Corp., 5.13%, 07/20/45 USD 2,000 2,199,052
Lamb Weston Holdings, Inc.,
4.63%, 11/01/24 (b) 12 12,405
Post Holdings, Inc., 5.63%, 01/15/28 (b)(h) 116 116,870
Rite Aid Corp., 6.13%, 04/01/23 (b) 164 151,700
Walgreens Boots Alliance, Inc., 4.80%, 11/18/44 1,000 1,046,443
3,838,924
Food Products — 0.4%
Acosta, Inc., 7.75%, 10/01/22 (b) 144 104,400
Aramark Services, Inc., 4.75%, 06/01/26 151 156,474
Arcor SAIC, 6.00%, 07/06/23 (b) 228 242,250
B&G Foods, Inc., 5.25%, 04/01/25 96 98,150
Chobani LLC/Chobani Finance Corp., Inc.,
7.50%, 04/15/25 (b) 267 290,363
JBS USA LLC/JBS USA Finance, Inc. (b) :
5.88%, 07/15/24 122 120,170
5.75%, 06/15/25 520 507,650
MARB BondCo PLC, 7.00%, 03/15/24 200 203,500
Marfrig Holdings Europe BV,
8.00%, 06/08/23 (b) 222 233,655
Minerva Luxembourg SA, 6.50%, 09/20/26 (b) 222 230,096
Pilgrim’s Pride Corp. (b) :
5.75%, 03/15/25 129 135,386
5.88%, 09/30/27 111 115,856
Post Holdings, Inc. (b) :
5.50%, 03/01/25 187 194,246
5.00%, 08/15/26 126 124,898
5.75%, 03/01/27 391 398,937
3,156,031
Security Value
Health Care Equipment & Supplies — 0.5%
Avantor, Inc. (b) :
6.00%, 10/01/24 USD 1,115 $ 1,115,697
9.00%, 10/01/25 289 283,943
Crimson Merger Sub, Inc.,
6.63%, 05/15/22 (b) 801 792,990
DJO Finco, Inc./DJO Finance LLC/DJO Finance Corp., 8.13%, 06/15/21 (b) 580 549,187
Mallinckrodt International Finance SA/Mallinckrodt CB
LLC (b) :
5.75%, 08/01/22 12 11,070
5.63%, 10/15/23 142 124,605
5.50%, 04/15/25 308 259,490
Medtronic, Inc., 4.50%, 03/15/42 750 816,925
Teleflex, Inc., 5.25%, 06/15/24 170 178,500
4,132,407
Health Care Providers & Services — 1.6%
Acadia Healthcare Co., Inc.:
5.63%, 02/15/23 95 95,475
6.50%, 03/01/24 258 266,385
Aetna, Inc., 4.50%, 05/15/42 575 594,253
Amsurg Corp., 5.63%, 07/15/22 513 523,260
Centene Corp.:
5.63%, 02/15/21 401 414,032
6.13%, 02/15/24 359 384,130
4.75%, 01/15/25 350 359,030
CHS/Community Health Systems, Inc.:
8.00%, 11/15/19 98 87,832
7.13%, 07/15/20 (e) 123 95,940
5.13%, 08/01/21 59 55,313
6.25%, 03/31/23 123 115,005
DaVita, Inc., 5.13%, 07/15/24 187 190,272
Eagle Holding Co. II LLC, (7.63% Cash or 8.38% PIK), 7.63%, 05/15/22 (b)(f) 177 179,655
Envision Healthcare Corp. (b) :
5.13%, 07/01/22 163 159,944
6.25%, 12/01/24 68 71,655
HCA, Inc.:
6.50%, 02/15/20 916 983,555
4.75%, 05/01/23 562 586,587
5.00%, 03/15/24 469 492,450
5.38%, 02/01/25 516 535,350
5.25%, 04/15/25 256 272,640
5.88%, 02/15/26 375 398,906
5.25%, 06/15/26 381 404,574
4.50%, 02/15/27 157 159,198
5.50%, 06/15/47 585 592,312
HealthSouth Corp., 5.75%, 11/01/24 26 26,618
MEDNAX, Inc., 5.25%, 12/01/23 (b) 90 92,250

S CHEDULES OF I NVESTMENTS 9

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets)

Security Value
Health Care Providers & Services (continued)
Molina Healthcare, Inc.,
4.88%, 06/15/25 (b) USD 71 $ 71,000
MPH Acquisition Holdings LLC,
7.13%, 06/01/24 (b) 353 379,034
Northwell Healthcare, Inc., 4.26%, 11/01/47 725 731,052
Polaris Intermediate
Corp., 8.50%, 12/01/22 (b)(f) 302 314,201
RegionalCare Hospital Partners Holdings, Inc., 8.25%, 05/01/23 (b) 97 99,182
Sterigenics-Nordion Holdings LLC,
6.50%, 05/15/23 (b) 95 99,750
Surgery Center Holdings, Inc. (b) :
8.88%, 04/15/21 98 98,735
6.75%, 07/01/25 (e) 183 166,530
Tenet Healthcare Corp.:
6.00%, 10/01/20 324 340,200
7.50%, 01/01/22 (b) 100 105,500
8.13%, 04/01/22 905 895,950
6.75%, 06/15/23 (e) 258 241,225
4.63%, 07/15/24 (b) 126 124,110
THC Escrow Corp. III (b) :
5.13%, 05/01/25 424 408,100
7.00%, 08/01/25 100 90,750
Vizient, Inc., 10.38%, 03/01/24 (b) 228 257,640
WellCare Health Plans, Inc., 5.25%, 04/01/25 58 61,408
12,620,988
Health Care Technology — 0.0%
Quintiles IMS, Inc., 3.25%, 03/15/25 (b) EUR 100 122,832
Hotels, Restaurants & Leisure — 2.9%
Arcos Dorados Holdings, Inc.,
5.88%, 04/04/27 (b) USD 257 272,641
Burger King France SAS, (3 mo. Euribor + 5.25%), 5.25%, 05/01/23 (a) EUR 100 122,003
Caesars Entertainment Resort Properties LLC/Caesars Entertainment Resort Property,
8.00%, 10/01/20 USD 1,135 1,160,537
Codere Finance 2 Luxembourg SA, 6.75%, 11/01/21 EUR 100 125,846
CPUK Finance Ltd., 4.25%, 02/28/47 GBP 100 137,738
CRC Escrow Issuer LLC/CRC Finco, Inc.,
5.25%, 10/15/25 (b) USD 457 457,571
Eldorado Resorts, Inc., 6.00%, 04/01/25 77 81,066
ESH Hospitality, Inc., 5.25%, 05/01/25 (b) 88 89,540
Security Value
Hotels, Restaurants & Leisure (continued)
GLP Capital LP/GLP Financing II, Inc.:
5.38%, 11/01/23 USD 90 $ 96,863
5.38%, 04/15/26 64 69,080
Golden Nugget, Inc., 6.75%, 10/15/24 (b) 34 34,723
International Game Technology PLC, 4.75%, 02/15/23 EUR 100 135,504
Jacobs Entertainment, Inc.,
7.88%, 02/01/24 (b) USD 60 64,500
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell of America LLC, 5.25%, 06/01/26 (b) 100 105,750
McDonald’s Corp., 3.70%, 01/30/26 510 530,180
Melco Resorts Finance Ltd.,
4.88%, 06/06/25 (b) 250 251,821
MGM Resorts International:
5.25%, 03/31/20 97 102,093
6.75%, 10/01/20 176 192,445
6.63%, 12/15/21 781 868,855
7.75%, 03/15/22 76 88,183
New Red Finance, Inc. (b) :
4.25%, 05/15/24 171 171,256
5.00%, 10/15/25 1,049 1,074,569
Sabre GLBL, Inc. (b) :
5.38%, 04/15/23 62 64,480
5.25%, 11/15/23 133 137,987
Scientific Games International, Inc.:
7.00%, 01/01/22 (b) 1,089 1,148,895
10.00%, 12/01/22 819 901,924
5.00%, 10/15/25 (b) 65 65,731
Six Flags Entertainment Corp. (b) :
4.88%, 07/31/24 615 625,762
5.50%, 04/15/27 149 154,215
Station Casinos LLC, 5.00%, 10/01/25 (b) 222 221,918
Unique Pub Finance Co. PLC:
Series A3, 6.54%, 03/30/21 GBP 2,000 2,911,792
Series A4, 5.66%, 06/30/27 1,042 1,586,083
Series M, 7.40%, 03/28/24 3,000 4,634,411
Series N, 6.46%, 03/30/32 2,390 3,184,752
Vue International Bidco PLC, 7.88%, 07/15/20 100 137,972
Wyndham Worldwide Corp., 4.15%, 04/01/24 USD 1,000 1,004,745
Yum! Brands, Inc., 3.88%, 11/01/23 27 27,203
23,040,634
Household Durables — 0.5%
Brookfield Residential Properties, Inc.,
6.38%, 05/15/25 (b) 47 49,996

10 2017 B LACK R OCK Q UARTERLY R EPORT TO S HAREHOLDERS

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets)

Security Value
Household Durables (continued)
CalAtlantic Group, Inc.:
8.38%, 01/15/21 USD 53 $ 61,281
6.25%, 12/15/21 276 303,600
5.38%, 10/01/22 2 2,160
5.25%, 06/01/26 18 18,900
Century Communities, Inc., 6.88%, 05/15/22 460 482,287
K Hovnanian Enterprises, Inc. (b) :
10.00%, 07/15/22 59 64,310
10.50%, 07/15/24 64 70,880
Lennar Corp.:
2.95%, 11/29/20 (b) 70 69,563
4.13%, 01/15/22 77 78,733
4.75%, 11/15/22 136 143,650
4.88%, 12/15/23 85 89,250
4.75%, 05/30/25 180 185,850
4.75%, 11/29/27 (b) 255 260,737
Mattamy Group Corp. (b) :
6.88%, 12/15/23 94 98,705
6.50%, 10/01/25 129 135,128
MDC Holdings, Inc., 6.00%, 01/15/43 150 148,125
Meritage Homes Corp., 5.13%, 06/06/27 71 71,820
Newell Brands, Inc., 4.20%, 04/01/26 1,000 1,046,059
PulteGroup, Inc., 6.38%, 05/15/33 256 286,720
Tempur Sealy International, Inc.:
5.63%, 10/15/23 2 2,080
5.50%, 06/15/26 132 135,135
TRI Pointe Group, Inc.:
4.88%, 07/01/21 73 76,468
5.25%, 06/01/27 34 34,719
TRI Pointe Group, Inc./TRI Pointe Homes, Inc.:
4.38%, 06/15/19 10 10,200
5.88%, 06/15/24 177 190,664
William Lyon Homes, Inc., 5.88%, 01/31/25 66 67,485
4,184,505
Household Products — 0.1%
ACCO Brands Corp., 5.25%, 12/15/24 (b) 59 61,434
Prestige Brands, Inc., 6.38%, 03/01/24 (b) 154 160,545
Spectrum Brands, Inc., 6.63%, 11/15/22 170 176,375
398,354
Independent Power and Renewable Electricity Producers — 0.4%
AES Corp., 5.50%, 03/15/24 8 8,380
Calpine Corp. (b) :
5.88%, 01/15/24 258 266,385
5.25%, 06/01/26 308 311,465
Colbun SA, 3.95%, 10/11/27 (b) 200 200,375
Security Value
Independent Power and Renewable Electricity Producers (continued)
Dynegy, Inc.:
7.38%, 11/01/22 USD 155 $ 165,656
8.00%, 01/15/25 (b) 198 217,800
8.13%, 01/30/26 (b) 115 127,938
Genneia SA, 8.75%, 01/20/22 (b) 370 405,605
NRG Energy, Inc.:
6.63%, 03/15/23 25 25,928
6.63%, 01/15/27 700 754,250
5.75%, 01/15/28 333 333,000
NRG Yield Operating LLC, 5.38%, 08/15/24 155 160,812
QEP Resources, Inc., 5.38%, 10/01/22 51 52,211
TerraForm Power Operating LLC (b) :
4.25%, 01/31/23 (h) 128 128,320
6.38%, 02/01/23 (j) 126 132,804
6.63%, 06/15/25 (j) 15 16,444
5.00%, 01/31/28 (h) 128 128,480
3,435,853
Industrial Conglomerates — 0.5%
General Electric Co.:
6.75%, 03/15/32 (e) 2,500 3,390,865
6.88%, 01/10/39 135 191,286
Smiths Group PLC, 3.63%, 10/12/22 (b) 360 362,765
Vertiv Group Corp., 9.25%, 10/15/24 (b) 381 413,861
4,358,777
Insurance — 3.1%
Acrisure LLC/Acrisure Finance, Inc.,
7.00%, 11/15/25 (b) 158 155,827
Allied World Assurance Co. Holdings Ltd., 4.35%, 10/29/25 1,495 1,511,742
American International Group, Inc.,
3.75%, 07/10/25 (e) 3,380 3,464,583
Aon PLC:
3.88%, 12/15/25 1,445 1,507,738
4.60%, 06/14/44 500 534,695
Ardonagh Midco 3 PLC, 8.63%, 07/15/23 (b) 200 208,476
Assicurazioni Generali SpA, (3 mo. Euribor + 7.11%), 7.75%, 12/12/42 (g) EUR 100 153,840
AssuredPartners, Inc., 7.00%, 08/15/25 (b) USD 33 33,248
AXA SA, (3 mo. Euribor + 3.05%),
5.25%, 04/16/40 (g) EUR 500 662,698
Five Corners Funding
Trust, 4.42%, 11/15/23 (b)(e) USD 2,050 2,199,563
Groupama SA, 6.00%, 01/23/27 EUR 100 149,971
Hartford Financial Services Group, Inc., 5.13%, 04/15/22 USD 1,860 2,036,350
HUB International Ltd., 7.88%, 10/01/21 (b) 802 834,080

S CHEDULES OF I NVESTMENTS 11

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets)

Security Value
Insurance (continued)
Liberty Mutual Group,
Inc., 6.50%, 05/01/42 (b)(e) USD 2,000 $ 2,629,884
MetLife, Inc., 6.40%, 12/15/66 2,554 2,924,024
Muenchener Rueckversicherungs AG, (3 mo. Euribor + 3.50%), 6.00%, 05/26/41 (g) EUR 400 565,358
Nationwide Building
Society, 4.13%, 10/18/32 (b)(c) USD 720 719,281
Prudential Financial, Inc.:
5.90%, 03/17/36 500 627,201
5.70%, 12/14/36 (e) 1,625 2,006,585
Radian Group, Inc.:
5.25%, 06/15/20 28 29,540
4.50%, 10/01/24 225 231,255
Teachers Insurance & Annuity Association of America, 4.27%, 05/15/47 (b) 700 724,740
USIS Merger Sub, Inc., 6.88%, 05/01/25 (b) 41 41,513
Wayne Merger Sub LLC, 8.25%, 08/01/23 (b) 505 528,987
24,481,179
Internet Software & Services — 0.2%
Equinix, Inc., 5.88%, 01/15/26 435 471,975
Match Group, Inc., 5.00%, 12/15/27 (b)(h) 68 68,510
Netflix, Inc.:
4.38%, 11/15/26 373 366,006
3.63%, 05/15/27 EUR 100 119,620
4.88%, 04/15/28 (b) USD 308 304,535
Symantec Corp., 5.00%, 04/15/25 (b) 124 130,138
United Group BV, 4.38%, 07/01/22 EUR 126 156,345
1,617,129
IT Services — 0.5%
Ceridian HCM Holding, Inc.,
11.00%, 03/15/21 (b) USD 270 284,175
Fidelity National Information Services, Inc., 4.50%, 08/15/46 1,000 1,024,585
First Data Corp. (b) :
7.00%, 12/01/23 756 801,360
5.00%, 01/15/24 220 227,700
5.75%, 01/15/24 1,261 1,308,288
Gartner, Inc., 5.13%, 04/01/25 (b) 207 216,315
WEX, Inc., 4.75%, 02/01/23 (b) 382 390,595
4,253,018
Security Value
Life Sciences Tools & Services — 0.1%
Thermo Fisher Scientific, Inc., 5.30%, 02/01/44 USD 1,000 $ 1,176,330
Machinery — 0.1%
SPX FLOW, Inc. (b) :
5.63%, 08/15/24 115 121,038
5.88%, 08/15/26 213 225,780
Terex Corp., 5.63%, 02/01/25 (b) 455 480,309
Wabash National Corp., 5.50%, 10/01/25 (b) 176 177,320
1,004,447
Marine — 0.3%
Nakilat, Inc., Series A,
6.07%, 12/31/33 (b) 2,150 2,494,000
Media — 5.2%
21st Century Fox America, Inc., 7.63%, 11/30/28 385 501,493
Altice Financing SA (b) :
6.63%, 02/15/23 200 205,000
7.50%, 05/15/26 607 634,315
Altice Luxembourg SA:
7.75%, 05/15/22 (b) 400 381,000
6.25%, 02/15/25 EUR 100 111,876
Altice US Finance I Corp.,
5.38%, 07/15/23 (b) USD 970 986,975
AMC Networks, Inc.:
5.00%, 04/01/24 114 115,425
4.75%, 08/01/25 206 204,455
Cablevision SA, 6.50%, 06/15/21 (b) 222 235,617
Cablevision Systems Corp.:
7.75%, 04/15/18 311 316,443
8.00%, 04/15/20 325 347,750
CBS Radio, Inc., 7.25%, 11/01/24 (b) 53 55,783
CCO Holdings LLC/CCO Holdings
Capital Corp. (b) :
4.00%, 03/01/23 412 411,743
5.13%, 05/01/23 240 248,400
5.13%, 05/01/27 1,708 1,691,987
5.00%, 02/01/28 480 470,400
Cequel Communications Holdings I LLC/Cequel Capital
Corp. (b) :
5.13%, 12/15/21 562 562,777
7.75%, 07/15/25 960 1,022,400
Charter Communications Operating LLC/Charter Communications Operating Capital, 4.91%, 07/23/25 (e) 4,700 4,965,205
Clear Channel International BV,
8.75%, 12/15/20 (b) 317 327,303

12 2017 B LACK R OCK Q UARTERLY R EPORT TO S HAREHOLDERS

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets)

Security Value
Media (continued)
Clear Channel Worldwide Holdings, Inc.:
6.50%, 11/15/22 USD 1,921 $ 1,938,422
Series B, 7.63%, 03/15/20 443 438,570
Comcast Cable Communications Holdings, Inc.,
9.46%, 11/15/22 (e) 2,600 3,413,137
Comcast Corp.:
6.45%, 03/15/37 790 1,050,252
4.60%, 08/15/45 2,000 2,175,326
CSC Holdings LLC:
10.13%, 01/15/23 (b) 1,190 1,343,212
5.25%, 06/01/24 430 419,116
10.88%, 10/15/25 (b) 764 902,952
Discovery Communications LLC:
3.25%, 04/01/23 1,850 1,837,676
3.45%, 03/15/25 210 205,746
DISH DBS Corp.:
6.75%, 06/01/21 350 372,750
5.88%, 07/15/22 470 483,512
5.00%, 03/15/23 264 257,730
5.88%, 11/15/24 34 34,255
7.75%, 07/01/26 655 706,581
DISH Network Corp., 3.38%, 08/15/26 265 295,309
eircom Finance DAC, 4.50%, 05/31/22 EUR 100 123,453
GTT Communications, Inc.,
7.88%, 12/31/24 (b) USD 159 167,624
Hughes Satellite Systems Corp.:
7.63%, 06/15/21 64 70,800
5.25%, 08/01/26 324 328,879
6.63%, 08/01/26 139 145,429
iHeartCommunications, Inc.:
9.00%, 12/15/19 91 67,568
9.00%, 03/01/21 9 6,458
10.63%, 03/15/23 649 462,412
Intelsat Jackson Holdings SA:
7.25%, 10/15/20 185 174,825
5.50%, 08/01/23 335 274,281
9.75%, 07/15/25 (b) 277 268,344
Interpublic Group of Cos., Inc., 3.75%, 02/15/23 2,000 2,062,161
LG Finance Co. Corp., 5.88%, 11/01/24 (b) 57 60,206
LGE HoldCo VI BV, 7.13%, 05/15/24 EUR 100 131,868
McGraw-Hill Global Education Holdings LLC/McGraw-Hill Global Education Finance, 7.88%, 05/15/24 (b) USD 61 60,848
MDC Partners, Inc., 6.50%, 05/01/24 (b) 228 229,140
Security Value
Media (continued)
Midcontinent Communications/Midcontinent Finance Corp., 6.88%, 08/15/23 (b) USD 148 $ 157,250
Numericable Group SA, 5.38%, 05/15/22 EUR 106 128,476
Outfront Media Capital LLC/Outfront Media Capital Corp., 5.25%, 02/15/22 USD 55 56,547
SFR Group SA (b) :
6.00%, 05/15/22 345 347,805
7.38%, 05/01/26 1,101 1,109,125
Sirius XM Radio, Inc., 5.00%, 08/01/27 (b) 41 41,461
TCI Communications, Inc.,
7.88%, 02/15/26 (e) 610 808,758
TEGNA, Inc., 5.50%, 09/15/24 (b) 45 46,856
Telenet Finance Luxembourg Notes Sarl,
5.50%, 03/01/28 (b) 200 200,000
Telesat Canada/Telesat
LLC, 8.88%, 11/15/24 (b) 167 186,623
Time Warner, Inc., 6.10%, 07/15/40 830 987,194
Tribune Media Co., 5.88%, 07/15/22 182 185,640
Unitymedia Hessen GmbH & Co. KG/Unitymedia NRW GmbH, 4.00%, 01/15/25 EUR 100 125,916
Univision Communications, Inc. (b) :
5.13%, 05/15/23 USD 272 272,000
5.13%, 02/15/25 135 131,456
UPCB Finance IV Ltd., 4.00%, 01/15/27 EUR 100 127,296
Videotron Ltd., 5.13%, 04/15/27 (b) USD 222 232,545
Virgin Media Finance PLC,
5.75%, 01/15/25 (b) 515 526,587
Virgin Media Receivables Financing Notes I DAC, 5.50%, 09/15/24 GBP 100 138,115
Virgin Media Secured Finance PLC:
5.25%, 01/15/26 (b) USD 303 312,469
4.88%, 01/15/27 GBP 100 138,824
6.25%, 03/28/29 100 146,066
WaveDivision Escrow LLC/WaveDivision Escrow Corp., 8.13%, 09/01/20 (b) USD 520 529,100
Ziggo Bond Finance BV, 5.88%, 01/15/25 (b) 260 260,000
41,501,298
Metals & Mining — 1.8%
Big River Steel LLC/BRS Finance Corp.,
7.25%, 09/01/25 (b) 121 128,563
CONSOL Mining Corp., 11.00%, 11/15/25 (b) 336 337,680
Constellium NV (b) :
5.75%, 05/15/24 582 600,915
5.88%, 02/15/26 269 278,778

S CHEDULES OF I NVESTMENTS 13

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets)

Security Value
Metals & Mining (continued)
First Quantum Minerals
Ltd., 7.00%, 02/15/21 (b) USD 435 $ 451,312
Freeport-McMoRan, Inc.:
2.38%, 03/15/18 1,480 1,478,150
3.10%, 03/15/20 799 799,999
4.00%, 11/14/21 121 121,666
3.55%, 03/01/22 164 161,745
3.88%, 03/15/23 1,140 1,127,004
5.40%, 11/14/34 278 270,355
5.45%, 03/15/43 683 646,938
Grinding Media, Inc./Moly-Cop AltaSteel Ltd., 7.38%, 12/15/23 (b) 399 428,925
Joseph T Ryerson & Son, Inc.,
11.00%, 05/15/22 (b) 115 129,605
Kaiser Aluminum Corp., 5.88%, 05/15/24 74 79,365
Kinross Gold Corp.:
4.50%, 07/15/27 (b) 82 82,615
6.88%, 09/01/41 45 51,131
Novelis Corp. (b) :
6.25%, 08/15/24 823 866,207
5.88%, 09/30/26 830 860,087
Nyrstar Netherlands Holdings BV, 6.88%, 03/15/24 EUR 100 126,202
Ovako AB, 5.00%, 10/05/22 100 121,328
Rio Tinto Finance USA Ltd., 4.75%, 03/22/42 USD 400 454,871
Steel Dynamics, Inc.:
5.25%, 04/15/23 345 355,453
5.50%, 10/01/24 48 51,091
4.13%, 09/15/25 (b) 142 142,355
SunCoke Energy Partners LP/SunCoke Energy Partners Finance Corp., 7.50%, 06/15/25 (b) 150 158,063
Teck Resources Ltd.:
4.50%, 01/15/21 96 99,240
3.75%, 02/01/23 502 507,020
8.50%, 06/01/24 (b) 1,096 1,243,960
6.13%, 10/01/35 61 68,625
6.00%, 08/15/40 300 333,000
5.20%, 03/01/42 418 413,820
5.40%, 02/01/43 188 188,940
thyssenKrupp AG, 1.38%, 03/03/22 EUR 75 90,779
United States Steel Corp.:
8.38%, 07/01/21 (b) USD 215 234,888
6.88%, 08/15/25 125 129,350
Vale Overseas Ltd., 6.25%, 08/10/26 237 274,894
Security Value
Metals & Mining (continued)
VM Holdings SA, 5.38%, 05/04/27 (b) USD 299 $ 315,445
14,210,364
Multi-Utilities — 0.1%
NGL Energy Partners LP/NGL Energy Finance Corp., 6.88%, 10/15/21 448 454,720
Multiline Retail — 0.0%
Neiman Marcus Group Ltd.,
8.00%, 10/15/21 (b) 145 82,650
Offshore Drilling & Other Services — 0.0%
Entegris, Inc., 4.63%, 02/10/26 (b) 135 137,531
Oil, Gas & Consumable Fuels — 6.8%
Alta Mesa Holdings LP/Alta Mesa Finance Services Corp., 7.88%, 12/15/24 79 87,098
Anadarko Petroleum Corp., 5.55%, 03/15/26 1,500 1,670,073
Andeavor Logistics LP, Series A,
6.88% (c)(h)(i) 232 234,854
Andeavor Logistics LP/Tesoro Logistics Finance Corp.:
6.25%, 10/15/22 45 47,804
4.25%, 12/01/27 250 249,866
Antero Midstream Partners LP/Antero Midstream Finance Corp., 5.38%, 09/15/24 35 36,138
Antero Resources Corp.:
5.13%, 12/01/22 52 53,300
5.63%, 06/01/23 51 53,168
Ascent Resources Utica Holdings LLC/ARU Finance Corp., 10.00%, 04/01/22 (b) 139 151,162
California Resources Corp.,
8.00%, 12/15/22 (b) 97 71,780
Callon Petroleum Co., 6.13%, 10/01/24 261 268,830
Canadian Natural Resources Ltd., 3.90%, 02/01/25 500 511,645
Carrizo Oil & Gas, Inc.:
6.25%, 04/15/23 126 128,992
8.25%, 07/15/25 63 68,355
Cenovus Energy, Inc., 4.25%, 04/15/27 (b) 400 395,715
Cheniere Corpus Christi Holdings LLC:
7.00%, 06/30/24 178 202,030
5.88%, 03/31/25 384 416,160
5.13%, 06/30/27 (b) 473 487,781
Cheniere Energy Partners
LP, 5.25%, 10/01/25 (b) 124 127,255

14 2017 B LACK R OCK Q UARTERLY R EPORT TO S HAREHOLDERS

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets)

Security Value
Oil, Gas & Consumable Fuels (continued)
Chesapeake Energy Corp. (b) :
8.00%, 01/15/25 USD 169 $ 168,155
8.00%, 06/15/27 364 348,639
Cia Latinoamericana de Infraestructura & Servicios SA, 9.50%, 07/20/23 (b) 370 396,825
Citgo Holding, Inc., 10.75%, 02/15/20 (b) 95 100,462
ConocoPhillips, 6.50%, 02/01/39 600 811,592
ConocoPhillips Canada Funding Co., 5.95%, 10/15/36 685 859,325
CONSOL Energy, Inc.:
5.88%, 04/15/22 1,943 1,986,717
8.00%, 04/01/23 48 51,240
Continental Resources, Inc.:
3.80%, 06/01/24 207 203,895
4.90%, 06/01/44 105 99,750
Covey Park Energy LLC/Covey Park Finance Corp., 7.50%, 05/15/25 (b) 232 242,440
Crestwood Midstream Partners LP/Crestwood Midstream Finance Corp., 6.25%, 04/01/23 20 20,700
CrownRock LP/CrownRock Finance, Inc.,
5.63%, 10/15/25 (b) 358 359,790
DCP Midstream LLC (b) :
4.75%, 09/30/21 55 56,513
6.45%, 11/03/36 128 136,960
6.75%, 09/15/37 159 170,130
Denbury Resources, Inc.:
5.50%, 05/01/22 118 76,700
4.63%, 07/15/23 15 9,075
Devon Energy Corp., 5.85%, 12/15/25 1,000 1,160,161
Diamond Offshore Drilling, Inc., 7.88%, 08/15/25 62 64,635
Diamondback Energy, Inc., 5.38%, 05/31/25 137 141,410
Eclipse Resources Corp., 8.88%, 07/15/23 45 46,013
Endeavor Energy Resources LP/EER Finance,
Inc. (b)(h) :
5.50%, 01/30/26 87 88,088
5.75%, 01/30/28 160 161,800
Energy Transfer Equity LP:
4.25%, 03/15/23 128 128,960
5.88%, 01/15/24 422 452,595
5.50%, 06/01/27 264 275,220
Energy Transfer LP:
4.75%, 01/15/26 1,250 1,298,247
5.30%, 04/15/47 540 526,304
Energy Transfer Partners LP, 4.05%, 03/15/25 500 500,546
Ensco Jersey Finance
Ltd., 3.00%, 01/31/24 (b)(k) 165 137,362
Security Value
Oil, Gas & Consumable Fuels (continued)
Enterprise Products Operating LLC, 3.70%, 02/15/26 USD 500 $ 510,112
EOG Resources, Inc.:
4.15%, 01/15/26 1,000 1,056,739
5.10%, 01/15/36 200 230,479
EP Energy LLC/Everest Acquisition Finance, Inc.:
9.38%, 05/01/20 221 163,540
8.00%, 11/29/24 (b) 187 187,000
Extraction Oil & Gas Holdings LLC/Extraction Finance Corp., 7.88%, 07/15/21 (b) 224 236,880
Extraction Oil & Gas, Inc.,
7.38%, 05/15/24 (b) 281 299,265
Genesis Energy LP/Genesis Energy Finance Corp., 6.50%, 10/01/25 97 99,668
GNL Quintero SA, 4.63%, 07/31/29 (b) 200 208,000
Great Western Petroleum LLC/Great Western Finance, Inc., 9.00%, 09/30/21 (b) 350 361,375
Gulfport Energy Corp.:
6.63%, 05/01/23 115 117,587
6.00%, 10/15/24 68 68,255
6.38%, 05/15/25 74 74,555
6.38%, 01/15/26 (b) 87 87,435
Halcon Resources Corp., 6.75%, 02/15/25 (b) 206 209,090
Hess Corp., 4.30%, 04/01/27 1,100 1,095,447
Hess Infrastructure Partners LP/Hess Infrastructure Partners Finance Corp., 5.63%, 02/15/26 (b) 299 306,849
KeySpan Gas East Corp.,
5.82%, 04/01/41 (b)(e) 1,010 1,305,679
Kinder Morgan, Inc.:
4.30%, 06/01/25 1,750 1,810,121
5.05%, 02/15/46 1,750 1,765,986
Marathon Petroleum Corp.,
6.50%, 03/01/41 (e) 2,049 2,525,218
Matador Resources Co., 6.88%, 04/15/23 570 601,350
MEG Energy Corp. (b) :
6.38%, 01/30/23 15 13,744
7.00%, 03/31/24 456 410,400
6.50%, 01/15/25 498 488,040
MidAmerican Energy Co., 5.80%, 10/15/36 (e) 1,500 1,906,580
MidAmerican Energy Holdings Co., 5.95%, 05/15/37 1,750 2,241,719

S CHEDULES OF I NVESTMENTS 15

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets)

Security Value
Oil, Gas & Consumable Fuels (continued)
Murphy Oil Corp.:
6.88%, 08/15/24 USD 177 $ 190,496
5.88%, 12/01/42 45 44,325
Nabors Industries, Inc.,
0.75%, 01/15/24 (b)(k) 262 194,535
Newfield Exploration Co., 5.63%, 07/01/24 75 81,000
NGPL PipeCo LLC (b) :
4.38%, 08/15/22 127 130,175
4.88%, 08/15/27 31 32,183
7.77%, 12/15/37 316 390,260
Noble Holding International Ltd., 7.75%, 01/15/24 152 131,480
Oasis Petroleum, Inc.:
6.50%, 11/01/21 35 35,438
6.88%, 03/15/22 8 8,150
6.88%, 01/15/23 23 23,431
2.63%, 09/15/23 (k) 145 165,481
ONEOK, Inc., 6.00%, 06/15/35 25 28,194
Paramount Resources Ltd.,
6.88%, 06/30/23 (b) 325 345,719
Parker Drilling Co., 7.50%, 08/01/20 43 39,345
Parsley Energy LLC/Parsley Finance Corp. (b) :
6.25%, 06/01/24 48 50,760
5.38%, 01/15/25 209 211,612
5.25%, 08/15/25 52 52,260
5.63%, 10/15/27 101 103,209
PBF Holding Co. LLC/PBF Finance Corp.,
7.25%, 06/15/25 (b) 143 150,507
PDC Energy, Inc., 5.75%, 05/15/26 (b) 125 129,375
Petrobras Global Finance BV:
8.75%, 05/23/26 222 265,012
6.00%, 01/27/28 (b) 239 240,434
Petroleos Mexicanos (b) :
5.38%, 03/13/22 27 28,863
6.50%, 03/13/27 148 163,207
Plains All American Pipeline LP/PAA Finance Corp., 3.65%, 06/01/22 1,000 1,006,071
Precision Drilling Corp.:
7.75%, 12/15/23 50 51,625
7.13%, 01/15/26 (b) 82 82,616
QEP Resources, Inc., 5.25%, 05/01/23 51 51,638
Range Resources Corp.:
5.88%, 07/01/22 244 250,710
5.00%, 08/15/22 53 52,801
5.00%, 03/15/23 88 87,120
4.88%, 05/15/25 80 78,000
Resolute Energy Corp., 8.50%, 05/01/20 279 283,534
Security Value
Oil, Gas & Consumable Fuels (continued)
Rockies Express Pipeline LLC (b) :
5.63%, 04/15/20 USD 565 $ 591,837
6.88%, 04/15/40 229 257,911
Rowan Cos., Inc.:
4.88%, 06/01/22 50 47,734
4.75%, 01/15/24 32 28,480
7.38%, 06/15/25 484 486,420
RSP Permian, Inc.:
6.63%, 10/01/22 179 188,397
5.25%, 01/15/25 102 104,040
Sabine Pass Liquefaction LLC, 5.88%, 06/30/26 1,750 1,963,031
Sanchez Energy Corp.:
7.75%, 06/15/21 322 305,095
6.13%, 01/15/23 204 172,125
SESI LLC, 7.13%, 12/15/21 60 61,275
Seven Generations Energy Ltd.,
5.38%, 09/30/25 (b) 250 251,250
SM Energy Co.:
6.50%, 11/15/21 50 50,375
6.50%, 01/01/23 194 195,940
5.63%, 06/01/25 191 183,837
6.75%, 09/15/26 80 80,900
Southwestern Energy Co.:
6.70%, 01/23/25 70 72,800
7.50%, 04/01/26 124 132,680
7.75%, 10/01/27 162 173,340
Suncor Energy, Inc., 6.50%, 06/15/38 1,000 1,316,780
Sunoco Logistics Partners Operations LP, 3.90%, 07/15/26 310 304,044
Tallgrass Energy Partners LP/Tallgrass Energy Finance
Corp. (b) :
5.50%, 09/15/24 284 294,650
5.50%, 01/15/28 228 234,840
Targa Resources Partners LP/Targa Resources Partners Finance Corp.:
5.25%, 05/01/23 10 10,250
5.13%, 02/01/25 77 78,733
5.38%, 02/01/27 52 53,300
5.00%, 01/15/28 (b) 312 309,660
TransCanada PipeLines Ltd., 4.63%, 03/01/34 500 551,633
Transocean, Inc., 7.50%, 01/15/26 (b) 188 193,170
Weatherford International LLC, 6.80%, 06/15/37 60 48,300

16 2017 B LACK R OCK Q UARTERLY R EPORT TO S HAREHOLDERS

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets)

Security Value
Oil, Gas & Consumable Fuels (continued)
Weatherford International Ltd.:
6.50%, 08/01/36 USD 143 $ 114,400
7.00%, 03/15/38 124 103,230
5.95%, 04/15/42 128 97,600
Western Gas Partners LP, 5.38%, 06/01/21 1,425 1,515,813
Whiting Petroleum Corp., 5.00%, 03/15/19 400 403,000
WildHorse Resource Development Corp., 6.88%, 02/01/25 100 102,011
Williams Cos., Inc., 5.75%, 06/24/44 647 681,776
Williams Partners LP:
3.90%, 01/15/25 1,150 1,170,769
4.00%, 09/15/25 750 764,304
WPX Energy, Inc.:
7.50%, 08/01/20 34 36,890
6.00%, 01/15/22 139 143,170
8.25%, 08/01/23 45 50,794
5.25%, 09/15/24 214 210,255
YPF SA, 8.50%, 07/28/25 370 432,530
54,472,303
Paper & Forest Products — 0.2%
International Paper Co., 6.00%, 11/15/41 870 1,076,296
Norbord, Inc., 6.25%, 04/15/23 (b) 120 130,500
1,206,796
Pharmaceuticals — 1.9%
AbbVie, Inc.:
3.60%, 05/14/25 870 888,921
3.20%, 05/14/26 500 494,699
4.45%, 05/14/46 2,095 2,204,901
Actavis Funding SCS:
3.80%, 03/15/25 3,250 3,276,658
4.55%, 03/15/35 2,140 2,202,285
Endo DAC/Endo Finance LLC/Endo Finco, Inc.,
5.88%, 10/15/24 (b) 205 207,050
Endo Finance LLC/Endo Finco, Inc. (b) :
5.38%, 01/15/23 62 48,360
6.00%, 07/15/23 315 246,487
Forest Laboratories LLC,
5.00%, 12/15/21 (b) 758 813,814
inVentiv Group Holdings, Inc./inVentiv Health, Inc./inVentiv Health Clinical, Inc., 7.50%, 10/01/24 (b) 128 140,480
Jaguar Holding Co. II/Pharmaceutical Product Development LLC, 6.38%, 08/01/23 (b) 795 818,850
Mylan NV, 3.95%, 06/15/26 750 747,186
Security Value
Pharmaceuticals (continued)
Nidda Healthcare Holding AG, 3.50%, 09/30/24 EUR 100 $ 121,405
Synlab Bondco PLC, 6.25%, 07/01/22 100 126,166
Team Health Holdings, Inc.,
6.38%, 02/01/25 (b) USD 222 200,910
Teva Pharmaceutical Finance Netherlands II BV, 1.25%, 03/31/23 EUR 100 109,398
Valeant Pharmaceuticals International, Inc. (b) :
6.38%, 10/15/20 USD 248 247,690
7.50%, 07/15/21 80 79,000
6.75%, 08/15/21 501 489,727
5.63%, 12/01/21 478 444,540
6.50%, 03/15/22 276 289,800
7.25%, 07/15/22 22 21,450
5.88%, 05/15/23 288 251,942
7.00%, 03/15/24 320 342,800
6.13%, 04/15/25 147 126,053
5.50%, 11/01/25 143 144,802
15,085,374
Real Estate Investment Trusts (REITs) — 1.3%
ERP Operating LP, 4.50%, 06/01/45 1,155 1,248,298
Five Point Operating Co. LP/Five Point Capital Corp., 7.88%, 11/15/25 (b) 124 126,480
HCP, Inc., 4.00%, 06/01/25 (e) 2,000 2,057,814
Hilton Domestic Operating Co., Inc., 4.25%, 09/01/24 67 68,005
iStar, Inc.:
4.63%, 09/15/20 83 84,245
6.00%, 04/01/22 67 69,429
5.25%, 09/15/22 83 83,934
MGM Growth Properties Operating Partnership LP/MGP Finance Co-Issuer, Inc.:
5.63%, 05/01/24 1,182 1,264,740
4.50%, 09/01/26 478 481,585
4.50%, 01/15/28 (b) 235 233,531
NH Hotel Group SA, 3.75%, 10/01/23 EUR 128 161,249
Simon Property Group LP, 4.75%, 03/15/42 USD 1,670 1,824,410
Starwood Property Trust, Inc.:
5.00%, 12/15/21 345 359,231
4.75%, 03/15/25 (b)(h) 68 67,830
Trust F/1401, 6.95%, 01/30/44 476 524,195
Ventas Realty LP, 4.13%, 01/15/26 870 904,267

S CHEDULES OF I NVESTMENTS 17

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets)

Security Value
Real Estate Investment Trusts (REITs) (continued)
Ventas Realty LP/Ventas Capital Corp., 4.75%, 06/01/21 USD 550 $ 584,360
10,143,603
Real Estate Management & Development — 0.7%
ADLER Real Estate AG, 2.13%, 02/06/24 EUR 100 117,812
Greystar Real Estate Partners LLC,
5.75%, 12/01/25 (b) USD 124 127,720
Howard Hughes Corp., 5.38%, 03/15/25 (b) 148 152,070
Northwest Florida Timber Finance LLC,
4.75%, 03/04/29 (b)(e) 4,600 4,382,448
Realogy Group LLC/Realogy Co-Issuer Corp. (b) :
5.25%, 12/01/21 133 138,320
4.88%, 06/01/23 335 337,512
RESIDOMO Sro, 3.38%, 10/15/24 EUR 100 122,001
5,377,883
Road & Rail — 1.2%
Avis Budget Car Rental LLC/Avis Budget Finance, Inc., 5.13%, 06/01/22 (b) USD 261 262,631
Burlington Northern Santa Fe LLC,
5.75%, 05/01/40 (e) 1,890 2,412,244
CSX Corp., 4.75%, 05/30/42 350 386,479
EC Finance PLC, 2.38%, 11/15/22 EUR 100 122,023
Herc Rentals, Inc. (b) :
7.50%, 06/01/22 USD 254 273,685
7.75%, 06/01/24 82 89,798
Hertz Corp., 7.63%, 06/01/22 (b) 102 105,287
Lima Metro Line 2 Finance Ltd.,
5.88%, 07/05/34 (b) 5,000 5,500,000
Loxam SAS, 3.50%, 05/03/23 EUR 100 124,351
United Rentals North America, Inc.:
4.63%, 07/15/23 USD 72 74,160
5.50%, 07/15/25 93 98,929
4.63%, 10/15/25 349 355,631
4.88%, 01/15/28 128 129,440
9,934,658
Semiconductors & Semiconductor Equipment — 0.8%
Advanced Micro Devices, Inc., 7.50%, 08/15/22 51 57,630
Analog Devices, Inc.:
3.90%, 12/15/25 470 489,767
3.50%, 12/05/26 345 347,153
Broadcom Corp./Broadcom Cayman Finance Ltd.,
3.88%, 01/15/27 (b) 2,850 2,792,734
Security Value
Semiconductors & Semiconductor Equipment (continued)
Microchip Technology, Inc. (k) :
1.63%, 02/15/25 USD 47 $ 79,283
2.13%, 12/15/37 40 148,425
Micron Technology, Inc.:
5.25%, 01/15/24 (b) 27 28,147
5.50%, 02/01/25 7 7,403
Series G, 3.00%, 11/15/43 253 375,231
Microsemi Corp., 9.13%, 04/15/23 (b) 14 15,838
NXP BV/NXP Funding LLC (b) :
4.13%, 06/15/20 420 431,681
4.13%, 06/01/21 278 285,817
3.88%, 09/01/22 200 203,750
5.75%, 03/15/23 260 269,100
ON Semiconductor Corp., 1.00%, 12/01/20 (k) 185 228,706
QUALCOMM, Inc., 4.65%, 05/20/35 250 259,993
Sensata Technologies BV,
5.00%, 10/01/25 (b) 330 352,275
6,372,933
Software — 2.0%
ACI Worldwide, Inc., 6.38%, 08/15/20 (b) 320 326,400
BMC Software Finance, Inc.,
8.13%, 07/15/21 (b) 323 326,937
CA, Inc., 3.60%, 08/15/22 705 712,511
Genesys Telecommunications Laboratories Inc/Greeneden Lux 3 Sarl/Greeneden US Holdings LLC,
10.00%, 11/30/24 (b) 280 313,600
Infinity Acquisition LLC/Infinity Acquisition Finance Corp., 7.25%, 08/01/22 (b) 31 31,000
Infor Software Parent LLC/Infor Software Parent, Inc., (7.13% Cash or 7.88% PIK), 7.13%, 05/01/21 (b)(f) 305 312,625
Infor US, Inc., 6.50%, 05/15/22 1,096 1,128,880
Informatica LLC, 7.13%, 07/15/23 (b) 492 501,840
Microsoft Corp., 3.50%, 11/15/42 (e) 4,000 3,995,113
Nuance Communications, Inc.:
5.38%, 08/15/20 (b) 39 39,546
6.00%, 07/01/24 182 194,740
5.63%, 12/15/26 (b) 81 84,848
Oracle Corp., 5.38%, 07/15/40 (e) 3,025 3,720,675
PTC, Inc., 6.00%, 05/15/24 125 134,063
Rackspace Hosting, Inc.,
8.63%, 11/15/24 (b)(e) 135 144,788
RP Crown Parent LLC, 7.38%, 10/15/24 (b) 210 218,925

18 2017 B LACK R OCK Q UARTERLY R EPORT TO S HAREHOLDERS

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets)

Security Value
Software (continued)
Solera LLC/Solera Finance, Inc.,
10.50%, 03/01/24 (b) USD 1,122 $ 1,262,250
Sophia LP/Sophia Finance, Inc.,
9.00%, 09/30/23 (b) 210 218,400
SS&C Technologies Holdings, Inc., 5.88%, 07/15/23 238 251,685
TIBCO Software, Inc., 11.38%, 12/01/21 (b) 553 601,387
Veritas US, Inc./Veritas Bermuda Ltd.:
7.50%, 02/01/23 EUR 100 124,976
7.50%, 02/01/23 (b) USD 600 630,000
10.50%, 02/01/24 (b) 600 628,500
15,903,689
Specialty Retail — 0.6%
Asbury Automotive Group, Inc., 6.00%, 12/15/24 244 254,370
Catalent Pharma Solutions, Inc.,
4.88%, 01/15/26 (b) 231 233,887
Group 1 Automotive, Inc.:
5.00%, 06/01/22 110 113,438
5.25%, 12/15/23 (b) 13 13,455
Home Depot, Inc., 5.88%, 12/16/36 1,660 2,198,361
JC Penney Corp., Inc.:
8.13%, 10/01/19 28 28,350
6.38%, 10/15/36 14 8,400
7.40%, 04/01/37 39 24,570
L Brands, Inc., 6.88%, 11/01/35 251 253,510
Lowe’s Cos, Inc., 4.38%, 09/15/45 1,000 1,080,462
Penske Automotive Group, Inc., 5.50%, 05/15/26 22 22,385
PetSmart, Inc., 5.88%, 06/01/25 (b) 93 79,980
Shop Direct Funding PLC, 7.75%, 11/15/22 GBP 100 128,157
4,439,325
Technology Hardware, Storage & Peripherals — 0.7%
Apple, Inc., 4.65%, 02/23/46 (e) USD 2,400 2,740,617
Dell International LLC/EMC Corp. (b) :
4.42%, 06/15/21 20 20,882
7.13%, 06/15/24 438 476,128
6.02%, 06/15/26 110 120,924
8.35%, 07/15/46 45 56,623
Hewlett Packard Enterprise Co., 4.90%, 10/15/25 1,500 1,562,092
Riverbed Technology, Inc.,
8.88%, 03/01/23 (b) 133 125,186
Security Value
Technology Hardware, Storage & Peripherals (continued)
Western Digital Corp.:
7.38%, 04/01/23 (b) USD 638 $ 693,825
10.50%, 04/01/24 117 135,895
5,932,172
Textiles, Apparel & Luxury Goods — 0.0%
BiSoho SAS, 5.88%, 05/01/23 EUR 54 69,673
Springs Industries, Inc., 6.25%, 06/01/21 USD 36 36,810
106,483
Thrifts & Mortgage Finance — 0.0%
Jerrold Finco PLC, 6.25%, 09/15/21 GBP 100 139,865
Ladder Capital Finance Holdings LLLP/Ladder Capital Finance
Corp. (b) :
5.25%, 03/15/22 USD 23 23,748
5.25%, 10/01/25 144 143,640
307,253
Tobacco — 1.5%
Altria Group, Inc.:
9.95%, 11/10/38 516 882,940
10.20%, 02/06/39 894 1,551,684
5.38%, 01/31/44 (e) 4,030 4,816,616
3.88%, 09/16/46 1,250 1,218,178
Reynolds American, Inc.:
4.45%, 06/12/25 635 676,937
7.00%, 08/04/41 1,000 1,339,334
5.85%, 08/15/45 1,500 1,828,462
12,314,151
Transportation Infrastructure — 0.3%
CEVA Group PLC, 7.00%, 03/01/21 (b) 310 299,150
CMA CGM SA, 7.75%, 01/15/21 EUR 100 124,313
I 595 Express LLC, 3.31%, 12/31/31 (d)(l) USD 899 862,412
Penske Truck Leasing Co. LP/PTL Finance Corp., 3.40%, 11/15/26 (b) 490 482,339
Rumo Luxembourg Sarl, 7.38%, 02/09/24 (b) 370 399,600
Transurban Finance Co. Property Ltd.,
4.13%, 02/02/26 (b) 580 602,536
2,770,350
Utilities — 0.2%
AES Argentina Generacion SA,
7.75%, 02/02/24 (b) 370 402,005
AES Panama SRL, 6.00%, 06/25/22 (b) 228 239,512
ContourGlobal Power Holdings SA, 5.13%, 06/15/21 EUR 100 124,307

S CHEDULES OF I NVESTMENTS 19

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets)

Security Value
Utilities (continued)
Generacion Mediterranea SA/Generacion Frias SA/Central Termica Roca SA, 9.63%, 07/27/23 (b) USD 370 $ 411,329
Stoneway Capital Corp.,
10.00%, 03/01/27 (b)(e) 530 565,775
1,742,928
Wireless Telecommunication Services — 2.0%
CoreCivic, Inc., 4.75%, 10/15/27 96 94,560
Crown Castle Towers LLC,
6.11%, 01/15/40 (b) 3,155 3,340,497
CyrusOne LP/CyrusOne Finance Corp. (b) :
5.00%, 03/15/24 356 370,240
5.38%, 03/15/27 35 36,663
Digicel Group Ltd., 8.25%, 09/30/20 (b) 223 214,861
Digicel Ltd., 6.00%, 04/15/21 (b) 1,550 1,495,207
Equinix, Inc., 2.88%, 10/01/25 EUR 100 121,432
GEO Group, Inc.:
5.13%, 04/01/23 USD 278 279,390
6.00%, 04/15/26 40 41,500
Matterhorn Telecom SA, (3 mo. Euribor + 3.25%), 3.25%, 02/01/23 (a) EUR 90 108,073
Radiate Holdco LLC/Radiate Finance, Inc.,
6.63%, 02/15/25 (b) USD 152 145,540
Rogers Communications, Inc., 7.50%, 08/15/38 2,325 3,247,713
SBA Communications Corp., 4.88%, 09/01/24 112 115,920
Sprint Capital Corp.:
6.90%, 05/01/19 140 147,175
6.88%, 11/15/28 498 511,072
8.75%, 03/15/32 621 718,807
Sprint Communications, Inc.:
7.00%, 03/01/20 (b) 609 652,391
6.00%, 11/15/22 200 202,000
Sprint Corp.:
7.88%, 09/15/23 511 550,602
7.13%, 06/15/24 822 855,398
7.63%, 02/15/25 356 378,072
Sprint Spectrum Co. LLC/Sprint Spectrum Co. II LLC/Sprint Spectrum Co. III LLC, 3.36%, 03/20/23 (b) 247 248,927
Security Value
Wireless Telecommunication Services (continued)
T-Mobile USA, Inc.:
4.00%, 04/15/22 USD 132 $ 135,630
6.00%, 03/01/23 205 215,081
6.63%, 04/01/23 151 157,984
6.84%, 04/28/23 40 42,000
6.50%, 01/15/24 240 254,700
6.00%, 04/15/24 306 325,890
6.38%, 03/01/25 37 39,718
5.13%, 04/15/25 135 141,075
5.38%, 04/15/27 81 86,670
Uniti Group LP/Uniti Group Finance, Inc./CSL Capital LLC, 8.25%, 10/15/23 287 274,802
Xplornet Communications, Inc., (9.63% Cash or 10.63% PIK), 9.63%, 06/01/22 (b)(f) 79 84,135
15,633,725
Total Corporate Bonds — 71.2% (Cost — $534,921,743) 569,961,122
Floating Rate Loan Interests — 1.6%
Aerospace & Defense — 0.1%
Accudyne Industries LLC, 2017 Term Loan,
5.08%, 08/02/24 (l) 331 332,380
Sequa Mezzanine Holdings L.L.C., 2nd Lien Term Loan, 10.37%, 04/28/22 (l) 40 40,450
372,830
Air Freight & Logistics — 0.0%
CEVA Group PLC, Letter of Credit,
6.50%, 03/19/21 (d)(l) 18 16,902
CEVA Intercompany BV, Dutch Term Loan,
6.88%, 03/19/21 (l) 19 17,636
CEVA Logistics Canada ULC, Canadian Term Loan, 6.88%, 03/19/21 (l) 3 2,631
CEVA Logistics US Holdings, Inc., Term Loan,
6.88%, 03/19/21 (l) 26 25,065
62,234
Auto Components — 0.0%
USI, Inc.:
2017 Repriced Term Loan,
1.00%, 05/16/24 (l) 56 55,720

20 2017 B LACK R OCK Q UARTERLY R EPORT TO S HAREHOLDERS

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets)

Security Value
Banks — 0.0%
Capri Finance LLC, 1st Lien Term Loan,
4.63%, 11/01/24 (l) USD 71 $ 70,778
Chemicals — 0.1%
Alpha 3 BV, 2017 Term Loan B1,
4.33%, 01/31/24 (l) 81 81,268
Element Materials Technology Group US Holdings, Inc., 2017 Term Loan B, 4.83%, 06/28/24 (l) 35 35,117
H.B. Fuller Co., 2017 Term Loan B,
3.53%, 10/12/24 (l) 189 189,682
Tronox Blocked Borrower LLC, Term Loan B,
4.32%, 09/22/24 (l) 23 23,159
Tronox Finance LLC, Term Loan B,
4.32%, 09/22/24 (l) 53 53,443
382,669
Commercial Services & Supplies — 0.1%
Asurion LLC, 2017 2nd Lien Term Loan,
7.35%, 08/04/25 (l) 93 95,348
West Corp., 2017 Term
Loan, 5.35%, 10/10/24 (l) 362 361,146
456,494
Construction & Engineering — 0.2%
Brand Energy & Infrastructure Services, Inc., 2017 Term Loan, 5.63%, 06/21/24 (l) 1,135 1,139,635
Construction Materials — 0.0%
Core & Main LP, 2017 Term Loan B,
4.46%, 08/01/24 (l) 86 86,484
Diversified Consumer Services — 0.0%
Ascend Learning LLC, 2017 Term Loan B,
4.60%, 07/12/24 (l) 41 41,205
Laureate Education, Inc., 2017 Term Loan B,
5.85%, 04/26/24 (l) 80 80,122
121,327
Diversified Telecommunication Services — 0.1%
CenturyLink, Inc., 2017 Term Loan B, 2.75%, 01/31/25 516 493,750
Lumos Networks Operating Co. (l) :
1st Lien Term Loan B, 3.25%, 10/16/24 42 42,070
Security Value
Diversified Telecommunication Services (continued)
Lumos Networks Operating Co. (l) (continued):
Topco Term Loan, 3.25%, 10/16/24 USD 41 $ 40,977
576,797
Electrical Equipment — 0.0%
Gates Global LLC, 2017 USD Repriced Term Loan B, 1.00%, 04/01/24 (l) 197 198,123
198,123
Energy Equipment & Services — 0.1%
Pioneer Energy Services Corp., Term Loan,
8.99%, 11/02/22 (l) 420 420,525
Weatherford International Ltd., Term Loan,
3.65%, 07/13/20 (l) 182 176,682
597,207
Food Products — 0.0%
Chobani LLC, 2017 Term Loan B,
4.74%, 10/09/23 (l) 41 41,202
Health Care Equipment & Supplies — 0.1%
DJO Finance LLC, 2015 Term Loan,
4.60%, 06/08/20 (l) 270 267,585
Immucor, Inc., Extended Term Loan B,
6.31%, 06/15/21 (l) 513 520,563
Ortho-Clinical Diagnostics SA, Term Loan B,
5.08%, 06/30/21 (l) 20 19,883
808,031
Health Care Providers & Services — 0.0%
Team Health Holdings, Inc., 1st Lien Term Loan, 4.10%, 02/06/24 (l) 32 31,104
Hotels, Restaurants & Leisure — 0.2%
Caesars Entertainment Resort Properties LLC, Term Loan B, 4.85%, 10/11/20 (l) 1,358 1,356,690
Caesars Resort Collection LLC, 2017 1st Lien Term Loan B, 2.75%, 09/27/24 (l) 382 383,910
1,740,600
Household Products — 0.0%
Diamond (BC) B.V., Term Loan,
4.42%, 09/06/24 (l) 76 76,044

S CHEDULES OF I NVESTMENTS 21

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets)

Security Value
Industrial Conglomerates — 0.0%
Cortes NP Acquisition Corp., 2017 Term Loan B, 5.35%, 11/30/23 (l) USD 155 $ 156,281
Sequa Corp., 1st Lien Term Loan,
6.87%, 11/28/21 (l) 115 115,429
271,710
Insurance — 0.0%
Alliant Holdings I, Inc., 2015 Term Loan B,
4.58%, 08/12/22 (l) 81 81,067
Davis Vision Inc., 1st Lien Term Loan B,
3.50%, 11/01/24 (l) 59 59,295
140,362
IT Services — 0.0%
Peak 10, Inc. (l) :
2017 1st Lien Term Loan, 4.82%, 08/01/24 102 102,159
2017 2nd Lien Term Loan, 8.63%, 08/01/25 43 43,466
145,625
Life Sciences Tools & Services — 0.0%
Albany Molecular Research, Inc. (l) :
2017 1st Lien Term Loan, 4.58%, 08/30/24 102 102,298
2017 2nd Lien Term Loan, 8.33%, 08/30/25 17 17,212
119,510
Machinery — 0.0%
Hayward Industries, Inc., 1st Lien Term Loan, 4.85%, 08/05/24 (l) 38 38,095
Media — 0.1%
CSC Holdings LLC, 2017 1st Lien Term Loan,
3.51%, 07/17/25 (l) 38 37,724
iHeartCommunications, Inc., Term Loan D,
8.08%, 01/30/19 (l) 124 93,726
Intelsat Jackson Holdings SA, Term Loan B2,
4.07%, 06/30/19 (l) 675 672,238
Security Value
Media (continued)
Virgin Media Bristol LLC, 2017 Term Loan,
1.00%, 01/15/26 (l) USD 100 $ 100,058
903,746
Multiline Retail — 0.0%
Neiman Marcus Group, Inc., 2020 Term Loan,
4.49%, 10/25/20 (l) 187 152,580
Oil, Gas & Consumable Fuels — 0.2%
BCP Renaissance Parent LLC, 2017 Term Loan B, 5.38%, 10/31/24 (l) 190 191,721
California Resources Corp., 2017 1st Lien Term Loan, 4.75%, 11/08/22 (l) 323 317,512
Chesapeake Energy Corp., Term Loan,
8.95%, 08/23/21 (l) 829 881,596
Medallion Midland Acquisition LLC, 1st Lien Term Loan, 4.56%, 10/30/24 (d)(l) 86 86,108
Vine Oil & Gas LP, Term Loan B,
8.22%, 12/12/21 (d)(l) 189 186,165
1,663,102
Professional Services — 0.0%
Information Resources, Inc., 1st Lien Term Loan, 5.62%, 01/18/24 (l) 49 49,039
Software — 0.3%
Applied Systems, Inc. (l):
2017 1st Lien Term Loan, 4.57%, 09/19/24 89 89,865
2017 2nd Lien Term Loan, 8.32%, 09/19/25 21 21,583
BMC Software Finance, Inc., 2017 Term Loan,
5.10%, 09/10/22 (l) 260 260,191
Cypress Intermediate Holdings, Inc. (l) :
2017 1st Lien Term Loan, 4.35%, 04/27/24 75 75,400
2017 2nd Lien Term Loan, 8.10%, 04/27/25 23 23,546
Digicel International Finance Ltd., 2017 Term Loan B, 5.08%, 05/28/24 (l) 279 279,070
Infor (US), Inc., Term Loan B6,
4.08%, 02/01/22 (l) 148 147,378
Kronos, Inc., 2nd Lien Term Loan,
9.63%, 11/01/24 (l) 352 363,001
McAfee LLC, 2017 Term Loan B,
5.83%, 09/30/24 (l) 199 199,840

22 2017 B LACK R OCK Q UARTERLY R EPORT TO S HAREHOLDERS

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets)

Security Value
Software (continued)
Mitchell International, Inc. (l) :
2017 1st Lien Term Loan, 3.50%, 11/20/24 USD 181 $ 181,330
2017 2nd Lien Term Loan, 7.50%, 11/20/25 101 101,715
2017 Delayed Draw Term Loan, 3.50%, 11/20/24 15 14,838
Project Alpha Intermediate Holding, Inc., 2017 Term Loan B, 5.04%, 04/26/24 (l) 35 34,731
Tempo Acquisition LLC, Term Loan,
4.35%, 05/01/24 (l) 174 173,245
Veritas Bermuda Ltd., Repriced Term Loan B,
5.83%, 01/27/23 (l) 467 466,573
2,432,306
Specialty Retail — 0.0%
Belron SA, Term Loan B, 3.89%, 11/07/24 (l) 85 85,558
Textiles, Apparel & Luxury Goods — 0.0%
Ascend Performance Materials Operations LLC, Term Loan B, 6.58%, 08/12/22 (d)(l) 185 186,564
Trading Companies & Distributors — 0.0%
Beacon Roofing Supply, Inc., 2017 Term Loan B, 2.75%, 08/23/24 (l) 92 92,173
Utilities — 0.0%
ExGen Renewables IV LLC, Term Loan B,
3.00%, 11/07/24 (d)(l) 55 55,413
Total Floating Rate Loan Interests — 1.6% (Cost — $13,062,305) 13,153,062
Foreign Agency Obligations — 4.5%
Argentine Republic Government International Bond:
5.63%, 01/26/22 414 434,493
7.50%, 04/22/26 3,875 4,380,688
6.88%, 01/26/27 969 1,059,117
7.63%, 04/22/46 3,121 3,498,641
Bahrain Government International Bond,
6.75%, 09/20/29 (b) 230 225,104
Brazilian Government International Bond, 6.00%, 04/07/26 786 873,639
Colombia Government International Bond, 3.88%, 04/25/27 USD 550 557,975
Cyprus Government International Bond,
4.63%, 02/03/20 (b) EUR 1,210 1,567,821
Security Value
Egypt Government International Bond:
5.75%, 04/29/20 USD 1,119 $ 1,167,439
8.50%, 01/31/47 (b) 291 332,712
Hellenic Republic Government Bond (j) :
3.00%, 02/24/23 EUR 9 10,212
3.00%, 02/24/24 9 9,977
3.00%, 02/24/25 9 9,813
3.00%, 02/24/26 9 9,655
3.00%, 02/24/27 9 9,526
3.00%, 02/24/28 9 9,254
3.00%, 02/24/29 9 9,022
3.00%, 02/24/30 9 8,866
3.00%, 02/24/31 9 8,726
3.00%, 02/24/32 9 8,615
3.00%, 02/24/33 9 8,497
3.00%, 02/24/34 9 8,398
3.00%, 02/24/35 9 8,351
3.00%, 02/24/36 9 8,253
3.00%, 02/24/37 9 8,261
3.00%, 02/24/38 9 8,284
3.00%, 02/24/39 9 8,295
3.00%, 02/24/40 9 8,239
3.00%, 02/24/41 9 8,316
3.00%, 02/24/42 9 8,344
Iceland Government International Bond,
5.88%, 05/11/22 (e) USD 3,555 4,010,808
Indonesia Government International Bond:
3.75%, 04/25/22 566 583,324
4.75%, 01/08/26 908 983,330
Italian Government International Bond, 5.38%, 06/15/33 2,925 3,385,258
Lebanon Government International Bond, 6.85%, 03/23/27 577 549,230
Mexican Bonos:
8.00%, 06/11/20 MXN 3,100 169,799
7.50%, 06/03/27 11,900 648,291
Portugal Government International Bond,
5.13%, 10/15/24 (b)(e) USD 3,970 4,232,536
Republic of South Africa Government International Bond:
5.50%, 03/09/20 702 737,774
5.88%, 05/30/22 672 731,674
4.88%, 04/14/26 288 288,143
Russian Foreign Bond - Eurobond:
4.88%, 09/16/23 400 434,800
4.75%, 05/27/26 1,000 1,058,036
4.75%, 05/27/26 (b) 400 423,214
Slovenia Government International Bond,
5.85%, 05/10/23 (b) 864 996,014

S CHEDULES OF I NVESTMENTS 23

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets)

Security Value
Turkey Government International Bond:
7.00%, 06/05/20 USD 593 $ 638,365
5.63%, 03/30/21 467 489,346
5.13%, 03/25/22 739 762,064
7.38%, 02/05/25 186 211,845
6.00%, 03/25/27 282 295,907
Total Foreign Agency Obligations — 4.5% (Cost — $34,453,005) 35,904,291
Municipal Bonds — 3.1%
California — 0.8%
East Bay Municipal Utility District, RB, Build America Bonds, 5.87%, 06/01/40 1,900 2,525,575
State of California, GO, Build America Bonds, Various Purposes:
7.55%, 04/01/39 280 433,322
7.63%, 03/01/40 1,720 2,659,275
University of California, RB, Build America Bonds, 5.95%, 05/15/45 885 1,146,933
6,765,105
Georgia — 0.3%
Municipal Electric Authority of Georgia Plant Vogtle Units 3 & 4, Refunding RB, Build America Bonds,
Series A 2,000 2,433,800
Illinois — 0.3%
State of Illinois, GO, Pension 2,000 1,987,600
Indiana — 0.4%
Indianapolis Local Public Improvement Bond Bank, RB, Build America Bonds 2,535 3,300,646
New York — 1.3%
City of New York New York Municipal Water Finance Authority, Refunding RB, 2nd General Resolution:
Series EE, 5.50%, 06/15/43 930 1,032,207
Series GG, Build America Bonds, 5.72%, 06/15/42 1,390 1,884,200
Water & Sewer System, Series EE, 5.38%, 06/15/43 770 848,910
Metropolitan Transportation Authority, RB, Build America Bonds, Series C 1,295 1,990,234
New York State Dormitory Authority, RB, Build America Bonds:
5.63%, 03/15/39 1,100 1,365,342
5.60%, 03/15/40 1,900 2,419,441
Security
New York (continued)
Port Authority of New York & New Jersey, RB, 159th Series USD 780,000 $ 997,004
10,537,338
Total Municipal Bonds — 3.1% (Cost — $20,478,608) 25,024,489
Non-Agency Mortgage-Backed Securities —
9.0%
Collateralized Mortgage Obligations — 0.5%
Banc of America Funding Corp., Series 2007-2, Class 1A2,
6.00%, 03/25/37 630 562,755
Collateralized Mortgage Obligation Trust, Series 40, Class R, 571.43%, 04/01/18 (d) — (n) —
Countrywide Alternative Loan Trust:
Series 2005-64CB, Class 1A15, 5.50%, 12/25/35 1,200 1,196,423
Series 2006-OA21, Class A1, (1 mo. LIBOR US + 0.19%), 1.47%, 03/20/47 (a) 882 752,752
Countrywide Home Loan Mortgage Pass-Through Trust, Series 2006-OA5, Class 2A1, (1 mo. LIBOR US + 0.20%), 1.53%, 04/25/46 (a) — (n) —
Credit Suisse Mortgage Capital Certificates, Series 2011-2R, Class 2A1, 3.35%, 07/27/36 (b)(c) 15 15,072
GMAC Mortgage Corp. Loan Trust, Series 2005-AR3, Class 5A1,
3.82%, 06/19/35 (c) 342 333,286
GSR Mortgage Loan Trust:
Series 2006-4F, Class 1A1, 5.00%, 05/25/36 62 98,807
Series 2007-4F, Class 3A1, 6.00%, 07/25/37 215 197,702
JPMorgan Mortgage Trust, Series 2006-S3, Class 1A12,
6.50%, 08/25/36 79 66,515
Merrill Lynch Mortgage Investors, Inc., Series 2006-A3, Class 3A1, 3.63%, 05/25/36 (c) 605 565,942

24 2017 B LACK R OCK Q UARTERLY R EPORT TO S HAREHOLDERS

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets)

Security Value
Collateralized Mortgage Obligations (continued)
WaMu Mortgage Pass-Through Certificates, Series 2007-OA4, Class 1A, (12 mo. MTA + 0.77%), 1.77%, 05/25/47 (a) USD 210 $ 200,858
3,990,112
Commercial Mortgage-Backed Securities — 8.4%
Banc of America Merrill Lynch Commercial Mortgage Securities Trust, Series 2015-200P, Class C,
3.72%, 04/14/33 (b)(c) 4,170 4,224,061
Citigroup Commercial Mortgage Trust, Series 2013-GC15, Class B, 5.27%, 09/10/46 (c) 7,183 7,843,088
Citigroup/Deutsche Bank Commercial Mortgage Trust, Series 2006-CD3, Class AM, 5.65%, 10/15/48 1,618 1,656,071
Commercial Mortgage Trust:
Series 2013-300P, Class A1,
4.35%, 08/10/30 (b) 1,330 1,428,597
Series 2013-CR11, Class B,
5.33%, 08/10/50 (c) 7,000 7,549,998
Series 2013-LC6, Class B, 3.74%, 01/10/46 1,390 1,403,400
Series 2015-3BP, Class A, 3.18%, 02/10/35 (b) 7,570 7,629,285
Series 2015-CR22, Class C,
4.26%, 03/10/48 (c) 5,000 5,043,295
Series 2015-LC19, Class C,
4.40%, 02/10/48 (c) 3,500 3,519,056
Core Industrial Trust, Series 2015-TEXW, Class D, 3.98%, 02/10/34 (b)(c) 4,585 4,679,144
CSAIL Commercial Mortgage Trust, Series 2015-C1 (c) :
Class B, 4.04%, 04/15/50 1,110 1,131,962
Class C, 4.44%, 04/15/50 1,000 1,023,521
GAHR Commercial Mortgage Trust, Series 2015-NRF, Class DFX,
3.49%, 12/15/34 (b)(c) 6,170 6,206,840
GS Mortgage Securities Corp. II, Series 2013-GC10, Class B, 3.68%, 02/10/46 (b) 2,505 2,544,634
JPMorgan Chase Commercial Mortgage Securities Trust:
Series 2004-LN2, Class A2, 5.12%, 07/15/41 4 4,229
Series 2016-NINE,
Class A, 2.85%, 10/06/38 (b)(c) 4,800 4,689,337
Security Value
Commercial Mortgage-Backed Securities (continued)
Morgan Stanley Capital I Trust, Series 2014-CPT, Class G,
3.56%, 07/13/29 (b)(c) USD 3,200 $ 3,132,258
WF-RBS Commercial Mortgage Trust, Series 2012-C8:
Class B, 4.31%, 08/15/45 1,395 1,459,696
Class C, 5.06%, 08/15/45 (c) 1,795 1,853,869
67,022,341
Interest Only Commercial Mortgage-Backed Securities — 0.1%
Commercial Mortgage Loan Trust, Series 2015-LC21, Class XA, 0.99%, 07/10/48 (c) 19,229 781,892
Total Non-Agency Mortgage-Backed
Securities — 9.0% (Cost — $70,440,587) 71,794,345
Preferred Securities – 12.7%
Capital Trusts — 11.5%
Auto Components — 0.0%
General Motors Financial Co., Inc., Series A,
5.75% (c)(i) 264 271,218
Banks — 3.3%
ABN AMRO Bank NV, 5.75% (g)(i) 200 260,367
Banco Bilbao Vizcaya Argentaria SA, 6.13% (c)(i) 2,000 2,050,000
Banco Santander SA, 6.25% (g)(i) 100 124,232
BNP Paribas SA, 7.20% (b)(g)(i) 2,000 2,317,500
Capital One Financial Corp., Series E,
5.55% (g)(i) 3,500 3,648,750
CIT Group, Inc., Series A, 5.80% (g)(i) 323 333,094
Citigroup, Inc. (g)(i) :
Series M, 6.30% 4,000 4,326,000
Series P, 5.95% 2,100 2,262,750
Series Q, 5.95% 100 104,888
Series R, 6.13% 605 645,081
Cooperatieve Rabobank UA, 6.63% (g)(i) 200 276,011
Credit Agricole SA (b)(g)(i) :
6.63% 1,400 1,456,997
7.88% 1,000 1,134,030
Intesa Sanpaolo SpA, 7.00% (g)(i) 200 264,430
Nordea Bank AB, 6.13% (b)(g)(i) 2,960 3,189,400
Wells Fargo & Co. (g)(i) :
Series S, 5.90% 3,510 3,799,575
Series U, 5.88% 430 477,300
26,670,405

S CHEDULES OF I NVESTMENTS 25

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets)

Security Value
Capital Markets — 0.7%
Goldman Sachs Group, Inc.,
Series P, 5.00% (c)(i) USD 545 $ 540,912
Morgan Stanley, Series H, 5.45% (g)(i) 2,627 2,706,861
State Street Corp., Series F, 5.25% (g)(i) 2,000 2,102,000
5,349,773
Chemicals — 0.0%
Lanxess AG, 4.50% (g)(i) 50 66,160
Solvay Finance SA, 5.12% (g)(i) 100 133,546
199,706
Diversified Financial Services — 5.0%
ATF Netherlands BV, 3.75% (g)(i) 100 124,572
Bank of America Corp. (g)(i) :
Series AA, 6.10% 200 221,750
Series V, 5.13% 385 394,625
Series X, 6.25% 4,620 5,116,650
Bank of New York Mellon Corp. (g)(i) :
Series D, 4.50% 8,400 8,410,500
Series E, 4.95% 2,000 2,072,500
Barclays PLC, 7.25% (g)(i) 200 293,809
Credit Suisse Group AG, 5.75% (g)(i) 200 217,119
HBOS Capital Funding LP, 6.85% (i) 100 102,139
HSBC Holdings PLC, 6.00% (g)(i) 435 456,968
HSH Nordbank AG, 7.25% (i) 20 10,470
HT1 Funding GmbH, 1.84% (g)(i) 20 23,236
JPMorgan Chase & Co. (g)(i) :
Series 1, 7.90% 7,000 7,086,940
Series Q, 5.15% 3,000 3,120,000
Series U, 6.13% 500 553,885
Series V, 5.00% 6,710 6,886,137
Orange SA, 5.75% (g)(i) 100 150,617
Royal Bank of Scotland Group
PLC, 8.63% (g)(i) 200 225,500
Societe Generale SA (b)(g)(i) :
6.00% 3,000 3,060,000
7.88% 1,000 1,130,000
39,657,417
Diversified Telecommunication Services — 0.1%
SoftBank Group Corp., 6.00% (g)(i) 215 213,336
Telefonica Europe BV, 4.20% (g)(i) 200 251,404
464,740
Security Value
Electric Utilities — 0.6%
ComEd Financing III, 6.35% (i) USD 300 $ 330,000
Electricite de France SA, 5.25% (b)(g)(i) 4,200 4,286,100
Enel SpA (g)(i) :
5.00% 100 129,142
7.75% 100 154,513
Gas Natural Fenosa Finance BV, 4.13% (g)(i) 100 129,856
5,029,611
Food & Staples Retailing — 0.0%
Danone SA, 1.75% (c)(i) 100 118,918
Industrial Conglomerates — 0.3%
General Electric Co., Series D,
5.00% (g)(i) 2,131 2,210,913
Insurance — 1.5%
Allstate Corp. (g)(i) :
5.75% 2,000 2,180,000
6.50% 4,100 4,940,500
Voya Financial, Inc., 5.65% (g)(i) 4,500 4,752,000
11,872,500
Total Capital Trusts — 11.5% (Cost — $87,086,136) 91,845,201
Preferred Stocks — 1.1%
Banks — 0.4%
Wells Fargo & Co. (g) :
Series Q, 5.85% 75,000 2,046,000
Series Y, 5.63% 50,000 1,295,000
3,341,000
Capital Markets — 0.7%
Goldman Sachs Group, Inc., Series J,
5.50% (g) 92,000 2,496,880
Morgan Stanley, Series K, 5.85% (g) 72,411 1,957,269
SCE Trust III, Series H, 5.75% (g)(i) 25,314 693,351
5,147,500
Thrifts & Mortgage Finance — 0.0%
Fannie Mae, Series S, 8.25% (c) 10,000 66,900
Total Preferred Stocks — 1.1% (Cost — $7,952,925) 8,555,400
Trust Preferreds — 0.1%
Diversified Financial Services — 0.1%
Citigroup Capital XIII, 7.88%, 10/30/40 29,583 806,693
Total Trust Preferreds — 0.1% (Cost — $779,529) 806,693
Total Preferred Securities — 12.7% (Cost — $95,818,590) 101,207,294

26 2017 B LACK R OCK Q UARTERLY R EPORT TO S HAREHOLDERS

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets)

Security
U.S. Government Sponsored Agency Securities — 12.7%
U.S. Government Sponsored Agency Securities — 12.7%
Agency Obligations — 1.4%
Fannie Mae, 5.63%, 07/15/37 (e) USD 1,600 $ 2,215,145
Federal Home Loan Bank (e) :
5.25%, 12/09/22 1,375 1,572,299
5.37%, 09/09/24 2,175 2,574,867
Residual Funding
Corp., 0.00%, 04/15/30 (m) 6,055 4,241,855
Resolution Funding Corp., 0.01%, 07/15/18 -
10/15/18 (m) 1,050 1,036,257
11,640,423
Collateralized Mortgage Obligations — 4.1%
Fannie Mae Mortgage-Backed Securities:
Series 2015-47, Class GL, 3.50%, 07/25/45 1,636 1,657,386
Series 2005-5, Class PK, 5.00%, 12/25/34 101 103,381
Series 1991-87, Class S, (1 mo. LIBOR + 26.68%),
23.16%, 08/25/21 (a) 3 3,110
Series G-49, Class S, (1 mo. LIBOR + 1034.80%),
896.74%, 12/25/21 (a) — (n) 10
Series G-17, Class S, 944.49%, 06/25/21 (c) — (n) —
Series G-07, Class S, (1 mo. LIBOR + 1144.57%),
994.84%, 03/25/21 (a) — (n) 93
Series G-33, Class PV, 1,078.42%, 10/25/21 — (n) —
Series 1991-46, Class S, (1 mo. LIBOR + 2519.00%),
2,215.00%, 05/25/21 (a) — (n) —
Freddie Mac Mortgage-Backed Securities:
Series 4350, Class DY, 4.00%, 06/15/44 2,830 3,019,306
Series 4549, Class TZ, 4.00%, 11/15/45 2,654 2,816,119
Series 4398, Class ZX, 4.00%, 09/15/54 8,709 9,275,389
Series 0173,
Class R, 9.00%, 11/15/21 (d) — (n) —
Series 0173, Class RS,
11.10%, 11/15/21 (c)(d) — (n) 2
Series 1057, Class J, 1,008.00%, 03/15/21 — (n) —
Series 0192, Class U,
1,009.03%, 02/15/22 (c) — (n) —
Security
Collateralized Mortgage Obligations (continued)
Freddie Mac REMICS, Series 4480, Class ZX, 4.00%, 11/15/44 USD 6,057 $ 6,320,363
Ginnie Mae Mortgage-Backed Securities, Series 2014-72, Class MQ, 4.00%, 02/20/44 8,858 9,343,183
32,538,342
Commercial Mortgage-Backed Securities — 0.2%
Freddie Mac, Series K013, Class A2, 3.97%, 01/25/21 (c) 1,870 1,961,045
Interest Only Collateralized Mortgage Obligations — 0.6%
Fannie Mae Mortgage-Backed Securities:
Series 1997-50, Class SI, (1 mo. LIBOR + 9.20%),
1.20%, 04/25/23 (a) 33 760
Series 2012-96, Class DI, 4.00%, 02/25/27 4,873 390,112
Series 2012-M9, Class X1, 4.02%, 12/25/17 (c) 373 39
Series 2012-47, Class NI, 4.50%, 04/25/42 4,980 1,093,404
Series G92-05, Class H, 9.00%, 01/25/22 — (n) 10
Series 094, Class 2, 9.50%, 08/25/21 — (n) 20
Series 1990-136, Class S, 18.75%, 11/25/20 (a) 1 1
Series 1991-139, Class PT, 648.35%, 10/25/21 — (n) —
Series 1991-099, Class L, 930.00%, 08/25/21 — (n) —
Series G-10, Class S, 962.45%, 05/25/21 (a) — (n) —
Series 1990-123, Class M, 1,009.50%, 10/25/20 — (n) —
Series G-12, Class S, (1 mo. LIBOR + 1175.53%),
1,021.03%, 05/25/21 (a) — (n) —
Freddie Mac Mortgage-Backed Securities:
Series K707, Class X1,
1.65%, 12/25/18 (c) 4,646 51,247
Series 2611, Class QI, 5.50%, 09/15/32 283 8,763
Series 1254, Class Z, 8.50%, 04/15/22 17 2,382

S CHEDULES OF I NVESTMENTS 27

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets)

Security
Interest Only Collateralized Mortgage Obligations (continued)
Freddie Mac Mortgage-Backed Securities (continued):
Series 1043, Class H, (1 mo. LIBOR + 45.00%), 39.37%, 02/15/21 (a) USD 1 $ 1
Series 1054, Class I, (1 mo. LIBOR + 881.40%), 772.58%, 03/15/21 (a) — (n) —
Series 0176, Class M, 1,010.00%, 07/15/21 — (n) —
Series 1148, Class E, (1 mo. LIBOR + 1196.85%), 1,049.43%, 10/15/21 (a) — (n) —
Series 1056, Class KD, 1,084.50%, 03/15/21 — (n) —
Series 0019, Class R,
6,696.22%, 03/15/20 (c)(d) — (n) —
Series 0075, Class RS, 253.40% (c)(d) — (n) —
Ginnie Mae Mortgage-Backed Securities (a) :
Series 2009-78, Class SD, (1 mo. LIBOR + 6.20%),
4.92%, 09/20/32 5,136 546,616
Series 2009-116, Class KS, (1 mo. LIBOR + 6.47%),
5.21%, 12/16/39 1,864 266,399
Series 2011-52, Class NS, (1 mo. LIBOR + 6.67%),
5.41%, 04/16/41 14,595 2,528,480
4,888,234
Mortgage-Backed Securities — 6.4%
Fannie Mae Mortgage-Backed Securities (e) :
3.00%, 8/01/43 9,858 9,885,670
4.00%, 12/01/41 - 11/01/47 24,158 25,568,731
4.50%, 07/01/41 - 04/01/42 10,778 11,550,844
5.00%, 8/01/34 1,845 2,015,020
5.50%, 6/01/38 893 991,089
6.00%, 12/01/38 758 857,171
Freddie Mac Mortgage-Backed Securities, 6.00%, 12/01/17 - 12/01/18 9 9,848
Ginnie Mae Mortgage-Backed Securities:
5.50%, 8/15/33 56 61,795
Security Value
Mortgage-Backed Securities (continued)
Ginnie Mae Mortgage-Backed Securities (continued):
8.00%, 7/15/24 USD — (n) $ 93
50,940,261
Principal Only Collateralized Mortgage Obligations — 0.0%
Fannie Mae Mortgage-Backed
Securities (m) :
Series 1993-51, Class E, 0.00%, 02/25/23 6 5,914
Series 203, Class 1, 0.00%, 02/25/23 2 1,784
Series 1993-70, Class A, 0.00%, 05/25/23 1 968
Series 0228, Class 1, 0.00%, 06/25/23 2 1,510
10,176
Total U.S. Government Sponsored Agency Securities — 12.7% (Cost —
$99,984,254) 101,978,481
U.S. Treasury Obligations — 15.5%
U.S. Treasury Bonds (e) :
3.00%, 11/15/44 61,400 63,465,055
2.50%, 02/15/46 64,500 60,284,824
Total U.S. Treasury Obligations — 15.5% (Cost — $128,261,018) 123,749,879
Total Long-Term Investments — 141.4% (Cost — $1,084,193,643) 1,131,527,513
Short-Term Securities — 1.8%
BlackRock Liquidity Funds, T-Fund, Institutional Class, 0.96%
(o)(p) 14,102,656 14,102,656
Total Short-Term Securities — 1.8% (Cost — $14,102,656) 14,102,656
Options Purchased — 0.5% (Cost — $5,801,902) 3,918,708
Total Investments Before Options Written — 143.7% (Cost —
$1,104,098,201) 1,149,548,877
Options Written (Premiums Received — $4,130,241) — (0.4)% (3,087,977 )
Total Investments, Net of Options Written — 143.3% (Cost —
$1,099,967,960) 1,146,460,900
Liabilities in Excess of Other Assets — (43.3)% (346,570,146 )
Net Assets — 100.0% $ 799,890,754

28 2017 B LACK R OCK Q UARTERLY R EPORT TO S HAREHOLDERS

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Core Bond Trust (BHK)

(a) Floating rate security. Rate shown is the rate in effect as of period end.

(b) Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.

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

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

(e) All or a portion of the security has been pledged as collateral in connection with outstanding reverse repurchase agreements.

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

(h) When-issued security.

(i) Perpetual security with no stated maturity date.

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

(k) Convertible security.

(l) Variable rate security. Rate shown is the rate in effect as of period end.

(m) Zero-coupon bond.

(n) Amount is less than $500.

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

(p) During the period ended November 30, 2017, investments in issuers considered to be an affiliate of the Trust for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

Affiliate Value at 11/30/17 Income Net Realized Gain (Loss) (a) Change in Unrealized Appreciation (Depreciation)
BlackRock Liquidity Funds, T-Fund, Institutional Class 4,374,729 9,727,926 14,102,656 $ 14,102,656 $ 21,935 $ — $ —

(a) Includes net capital gain distributions, if applicable.

For Trust compliance purposes, the Trust’s industry classifications refer to one or more of the industry sub-classifications used by one or more widely recognized market indexes or rating group indexes, and/or as defined by the investment adviser. These definitions may not apply for purposes of this report, which may combine such industry sub-classifications for reporting ease.

Portfolio Abbreviations
AUD Australian Dollar
CAD Canadian Dollar
CHF Swiss Franc
CLO Collateralized Loan Obligation
EUR Euro
FNMA Federal National Mortgage Association
GBP British Pound
GO General Obligation Bonds
JPY Japanese Yen
NOK Norwegian Krone
NZD New Zealand Dollar
RB Revenue Bonds
SEK Swedish Krona
USD U.S. Dollar

S CHEDULES OF I NVESTMENTS 29

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Core Bond Trust (BHK)

Reverse Repurchase Agreements

Counterparty Face Value Face Value Including Accrued Interest Type of Non-Cash Underlying Collateral Remaining Contractual Maturity of the Agreements (a)
BNP Paribas Securities Corp. 1.28 % 12/19/16 Open $ 1,011,169 $ 1,021,241 U.S. Government Sponsored Agency Securities Open/Demand
BNP Paribas Securities Corp. 1.28 % 12/19/16 Open 809,375 817,437 U.S. Government Sponsored Agency Securities Open/Demand
BNP Paribas Securities Corp. 1.28 % 12/19/16 Open 1,318,625 1,331,759 U.S. Government Sponsored Agency Securities Open/Demand
BNP Paribas Securities Corp. 1.28 % 12/19/16 Open 614,831 620,955 U.S. Government Sponsored Agency Securities Open/Demand
BNP Paribas Securities Corp. 1.21 % 12/29/16 Open 60,555,750 61,087,228 U.S. Treasury Obligations Open/Demand
Deutsche Bank AG 1.14 % 02/27/17 Open 22,562,500 22,738,588 U.S. Treasury Obligations Open/Demand
RBC Capital Markets, LLC 1.59 % 04/06/17 Open 7,780,528 7,857,775 Corporate Bonds Open/Demand
RBC Capital Markets, LLC 1.59 % 04/06/17 Open 7,038,550 7,108,431 Corporate Bonds Open/Demand
RBC Capital Markets, LLC 1.59 % 04/06/17 Open 7,670,085 7,746,236 Corporate Bonds Open/Demand
RBC Capital Markets, LLC 1.59 % 04/06/17 Open 2,655,250 2,681,612 Corporate Bonds Open/Demand
BNP Paribas Securities Corp. 1.61 % 06/15/17 Open 802,000 807,918 Corporate Bonds Open/Demand
Merrill Lynch, Pierce, Fenner & Smith, Inc. 1.22 % 06/15/17 Open 1,311,500 1,318,776 U.S. Government Sponsored Agency Securities Open/Demand
Merrill Lynch, Pierce, Fenner & Smith, Inc. 1.22 % 06/15/17 Open 788,906 793,260 U.S. Government Sponsored Agency Securities Open/Demand
HSBC Securities (USA), Inc. 1.50 % 06/19/17 Open 3,648,000 3,672,928 Corporate Bonds Open/Demand
HSBC Securities (USA), Inc. 1.50 % 06/19/17 Open 3,665,000 3,690,044 Corporate Bonds Open/Demand
HSBC Securities (USA), Inc. 1.50 % 06/19/17 Open 8,069,000 8,124,138 Capital Trusts Open/Demand
HSBC Securities (USA), Inc. 1.50 % 06/19/17 Open 3,945,000 3,971,958 Corporate Bonds Open/Demand
HSBC Securities (USA), Inc. 1.75 % 06/19/17 Open 3,823,000 3,853,478 Corporate Bonds Open/Demand
RBC Capital Markets, LLC 1.59 % 06/19/17 Open 3,329,300 3,353,415 Corporate Bonds Open/Demand
RBC Capital Markets, LLC 1.59 % 06/19/17 Open 2,586,000 2,604,731 Corporate Bonds Open/Demand
RBC Capital Markets, LLC 1.59 % 06/19/17 Open 3,558,938 3,584,716 Corporate Bonds Open/Demand
RBC Capital Markets, LLC 1.59 % 06/19/17 Open 2,472,500 2,490,409 Corporate Bonds Open/Demand
RBC Capital Markets, LLC 1.59 % 06/19/17 Open 3,251,250 3,274,800 Corporate Bonds Open/Demand
RBC Capital Markets, LLC 1.59 % 06/19/17 Open 3,080,000 3,102,309 Corporate Bonds Open/Demand
RBC Capital Markets, LLC 1.59 % 06/19/17 Open 7,128,138 7,179,769 Corporate Bonds Open/Demand
RBC Capital Markets, LLC 1.59 % 06/19/17 Open 4,579,375 4,612,545 Corporate Bonds Open/Demand
RBC Capital Markets, LLC 1.59 % 06/19/17 Open 3,660,000 3,686,511 Corporate Bonds Open/Demand
RBC Capital Markets, LLC 1.59 % 06/19/17 Open 3,315,000 3,339,012 Corporate Bonds Open/Demand
RBC Capital Markets, LLC 1.59 % 06/19/17 Open 4,634,500 4,668,069 Corporate Bonds Open/Demand
Nomura Securities International, Inc. 1.24 % 06/20/17 Open 28,687,500 28,836,157 U.S. Treasury Obligations Open/Demand
RBC Capital Markets, LLC 1.59 % 06/21/17 Open 1,867,500 1,880,779 Corporate Bonds Open/Demand
RBC Capital Markets, LLC 1.59 % 06/21/17 Open 1,930,000 1,943,809 Corporate Bonds Open/Demand
RBC Capital Markets, LLC 1.59 % 06/21/17 Open 1,807,500 1,820,433 Corporate Bonds Open/Demand
RBC Capital Markets, LLC 1.59 % 06/21/17 Open 1,555,750 1,566,881 Corporate Bonds Open/Demand
RBC Capital Markets, LLC 1.59 % 06/21/17 Open 2,091,000 2,105,961 Corporate Bonds Open/Demand
RBC Capital Markets, LLC 1.59 % 06/21/17 Open 1,641,500 1,653,245 Corporate Bonds Open/Demand
RBC Capital Markets, LLC 1.59 % 06/21/17 Open 4,850,000 4,884,702 Corporate Bonds Open/Demand
RBC Capital Markets, LLC 1.59 % 06/21/17 Open 2,480,000 2,497,744 Corporate Bonds Open/Demand
RBC Capital Markets, LLC 1.59 % 06/21/17 Open 2,300,002 2,316,459 Corporate Bonds Open/Demand
RBC Capital Markets, LLC 1.59 % 06/21/17 Open 2,286,900 2,303,263 Corporate Bonds Open/Demand
RBC Capital Markets, LLC 1.59 % 06/21/17 Open 3,306,250 3,329,906 Corporate Bonds Open/Demand
RBC Capital Markets, LLC 1.59 % 06/21/17 Open 1,928,180 1,941,976 Corporate Bonds Open/Demand
RBC Capital Markets, LLC 1.59 % 06/21/17 Open 2,002,725 2,017,055 Corporate Bonds Open/Demand
Credit Suisse Securities (USA) LLC 1.50 % 06/27/17 Open 1,220,837 1,228,714 Corporate Bonds Open/Demand
Credit Suisse Securities (USA) LLC 1.50 % 06/27/17 Open 590,200 594,008 Corporate Bonds Open/Demand
Credit Suisse Securities (USA) LLC 1.50 % 06/27/17 Open 2,544,012 2,560,427 Corporate Bonds Open/Demand
Credit Suisse Securities (USA) LLC 1.50 % 06/27/17 Open 1,564,875 1,574,972 Corporate Bonds Open/Demand

30 2017 B LACK R OCK Q UARTERLY R EPORT TO S HAREHOLDERS

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Core Bond Trust (BHK)

Reverse Repurchase Agreements (continued)

Counterparty Face Value Face Value Including Accrued Interest Type of Non-Cash Underlying Collateral Remaining Contractual Maturity of the Agreements (a)
Credit Suisse Securities (USA) LLC 1.50 % 06/27/17 Open $ 2,369,327 $ 2,385,291 Corporate Bonds Open/Demand
RBC Capital Markets, LLC 1.59 % 08/30/17 Open 3,509,000 3,523,258 Corporate Bonds Open/Demand
RBC Capital Markets, LLC 1.59 % 08/30/17 Open 1,901,250 1,908,975 Corporate Bonds Open/Demand
RBC Capital Markets, LLC 1.59 % 08/30/17 Open 2,154,375 2,163,129 Corporate Bonds Open/Demand
RBC Capital Markets, LLC 1.59 % 08/30/17 Open 2,227,500 2,236,551 Corporate Bonds Open/Demand
RBC Capital Markets, LLC 1.95 % 09/12/17 Open 6,960,000 6,990,160 Corporate Bonds Open/Demand
RBC Capital Markets, LLC 1.59 % 09/29/17 Open 1,584,000 1,588,408 Corporate Bonds Open/Demand
RBC Capital Markets, LLC 1.59 % 09/29/17 Open 1,644,750 1,649,327 Corporate Bonds Open/Demand
RBC Capital Markets, LLC 1.59 % 09/29/17 Open 1,850,000 1,855,148 Corporate Bonds Open/Demand
RBC Capital Markets, LLC 1.59 % 09/29/17 Open 3,885,700 3,896,512 Corporate Bonds Open/Demand
UBS Securities LLC 1.55 % 10/04/17 Open 3,804,917 3,814,254 Foreign Agency Obligations Open/Demand
UBS Securities LLC 1.60 % 10/04/17 Open 3,875,514 3,885,332 Foreign Agency Obligations Open/Demand
UBS Securities LLC 1.75 % 10/04/17 Open 2,654,718 2,662,202 Corporate Bonds Open/Demand
UBS Securities LLC 1.75 % 10/04/17 Open 341,325 342,287 Corporate Bonds Open/Demand
BNP Paribas Securities Corp. 1.67 % 10/05/17 Open 4,135,000 4,145,934 Corporate Bonds Open/Demand
BNP Paribas Securities Corp. 1.67 % 10/05/17 Open 5,225,000 5,238,816 Corporate Bonds Open/Demand
BNP Paribas Securities Corp. 1.75 % 10/05/17 Open 4,604,000 4,616,757 Corporate Bonds Open/Demand
Citigroup Global Market, Inc. 0.25 % 11/01/17 Open 225,000 224,955 Corporate Bonds Open/Demand
Citigroup Global Market, Inc. 0.75 % 11/01/17 Open 195,435 195,317 Corporate Bonds Open/Demand
Barclays Capital, Inc. 0.25 % 11/03/17 Open 134,047 134,074 Corporate Bonds Open/Demand
HSBC Securities (USA), Inc. 1.40 % 11/09/17 1/11/18 2,376,000 2,377,940 U.S. Government Sponsored Agency Securities Up to 30 days
HSBC Securities (USA), Inc. 1.40 % 11/09/17 1/11/18 962,000 962,786 U.S. Government Sponsored Agency Securities Up to 30 days
HSBC Securities (USA), Inc. 1.40 % 11/09/17 1/11/18 1,965,000 1,966,605 U.S. Government Sponsored Agency Securities Up to 30 days
HSBC Securities (USA), Inc. 1.40 % 11/09/17 1/11/18 2,950,000 2,952,409 U.S. Government Sponsored Agency Securities Up to 30 days
HSBC Securities (USA), Inc. 1.40 % 11/09/17 1/11/18 9,658,000 9,665,887 U.S. Government Sponsored Agency Securities Up to 30 days
HSBC Securities (USA), Inc. 1.40 % 11/09/17 1/11/18 8,393,000 8,399,854 U.S. Government Sponsored Agency Securities Up to 30 days
HSBC Securities (USA), Inc. 1.40 % 11/09/17 1/11/18 2,851,000 2,853,328 U.S. Government Sponsored Agency Securities Up to 30 days
HSBC Securities (USA), Inc. 1.40 % 11/09/17 1/11/18 823,672 823,700 U.S. Government Sponsored Agency Securities Up to 30 days
Barclays Capital, Inc. 0.50 % 11/16/17 Open 118,294 118,371 Corporate Bonds Open/Demand
Nomura Securities International, Inc. 1.50 % 11/29/17 Open 98,271 98,373 Corporate Bonds Open/Demand
$ 327,794,896 $ 329,872,479

(a) Certain agreements have no stated maturity and can be terminated by either party at any time.

S CHEDULES OF I NVESTMENTS 31

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Core Bond Trust (BHK)

Derivative Financial Instruments Outstanding as of Period End

Futures Contracts

Description Notional Amount (000) Value/ Unrealized Appreciation (Depreciation)
Long Contracts
90-Day Euro Future 507 12/17/18 $ 124,119 $ (196,006 )
Long U.S. Treasury Bond 3 03/20/18 455 (4,780 )
Ultra Long U.S. Treasury Bond 43 03/20/18 7,089 (88,978 )
(289,764 )
Short Contracts
Euro Bund (2 ) 12/07/17 387 (1,573 )
10-Year U.S. Treasury Note (339 ) 03/20/18 42,051 169,690
10-Year U.S. Ultra Long Treasury Note (197 ) 03/20/18 26,234 92,879
2-Year U.S. Treasury Note (508 ) 03/29/18 108,918 52,861
5-Year U.S. Treasury Note (21 ) 03/29/18 2,443 9,279
Long Gilt Future (1 ) 03/27/18 167 878
90-Day Euro Future (507 ) 12/16/19 123,879 127,196
451,210
$ 161,446

Forward Foreign Currency Exchange Contracts

Currency Purchased — EUR 1,700,000 Currency Sold — GBP 1,494,342 Counterparty — Barclays Bank PLC 12/01/17 Unrealized Appreciation (Depreciation) — $ 2,476
EUR 3,485,000 SEK 34,493,519 Goldman Sachs International 12/01/17 27,398
GBP 1,504,141 EUR 1,690,000 Barclays Bank PLC 12/01/17 22,679
GBP 1,545,265 EUR 1,730,000 Goldman Sachs International 12/01/17 30,685
GBP 3,120,000 NOK 31,525,479 JPMorgan Chase Bank N.A. 12/01/17 430,118
AUD 2,555,000 CAD 2,484,587 Citibank N.A. 12/12/17 6,370
AUD 2,620,000 NZD 2,883,721 BNP Paribas S.A. 12/12/17 10,888
AUD 5,270,000 NZD 5,788,347 National Australia Bank Ltd. 12/12/17 30,181
CAD 4,969,352 AUD 5,085,000 Australia and New Zealand Bank Group 12/12/17 6,307
CHF 4,040,000 SEK 34,280,787 Goldman Sachs International 12/12/17 11,765
CHF 3,947,486 USD 4,005,000 Barclays Bank PLC 12/12/17 9,823
EUR 1,740,000 JPY 231,247,740 BNP Paribas S.A. 12/12/17 16,530
EUR 1,710,000 JPY 226,360,343 Citibank N.A. 12/12/17 24,248
EUR 3,410,000 NOK 33,261,661 Goldman Sachs International 12/12/17 61,632
EUR 3,430,000 SEK 33,940,026 JPMorgan Chase Bank N.A. 12/12/17 27,898
GBP 1,476,288 EUR 1,660,000 BNP Paribas S.A. 12/12/17 20,302
GBP 1,510,000 NOK 15,810,833 BNP Paribas S.A. 12/12/17 141,720
GBP 1,520,000 SEK 16,158,933 Barclays Bank PLC 12/12/17 124,826
GBP 30,000 SEK 336,427 Goldman Sachs International 12/12/17 372
NZD 2,899,698 AUD 2,620,000 BNP Paribas S.A. 12/12/17 30
NZD 2,957,276 AUD 2,670,000 BNP Paribas S.A. 12/12/17 1,562
NZD 2,900,108 AUD 2,600,000 Citibank N.A. 12/12/17 15,437

32 2017 B LACK R OCK Q UARTERLY R EPORT TO S HAREHOLDERS

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Core Bond Trust (BHK)

Forward Foreign Currency Exchange Contracts (continued)

Currency Purchased — NZD 2,730,000 Currency Sold — NOK 15,325,516 Counterparty — BNP Paribas S.A. 12/12/17 Unrealized Appreciation (Depreciation) — $ 23,204
SEK 33,131,358 NOK 32,665,000 Royal Bank of Scotland PLC 12/12/17 32,633
USD 2,000,000 CAD 2,574,145 JPMorgan Chase Bank N.A. 12/12/17 4,452
USD 4,015,000 CHF 3,771,153 State Street Bank and Trust Co. 12/12/17 179,518
SEK 16,758,506 NOK 16,300,000 Barclays Bank PLC 12/15/17 43,628
SEK 16,777,998 NOK 16,300,000 Deutsche Bank AG 12/15/17 45,958
USD 2,007,033 NZD 2,905,000 Deutsche Bank AG 12/15/17 21,809
USD 9,899,896 EUR 8,290,000 Citibank N.A. 01/04/18 10,344
USD 2,766,862 EUR 2,319,000 HSBC Bank USA N.A. 01/04/18 412
USD 200,392 NZD 293,000 Bank of America N.A. 01/04/18 217
1,385,422
EUR 1,720,000 GBP 1,516,126 Goldman Sachs International 12/01/17 (3,180 )
NOK 3,716,690 GBP 355,000 BNP Paribas S.A. 12/01/17 (33,355 )
NOK 15,901,514 GBP 1,550,000 Barclays Bank PLC 12/01/17 (184,855 )
NOK 12,912,715 GBP 1,215,000 Credit Suisse International 12/01/17 (91,055 )
SEK 34,035,299 EUR 3,485,000 Citibank N.A. 12/01/17 (82,137 )
USD 2,713,158 EUR 2,328,000 UBS AG 12/05/17 (57,882 )
USD 10,394,613 EUR 8,919,000 UBS AG 12/05/17 (221,757 )
USD 160,041 GBP 120,000 BNP Paribas S.A. 12/05/17 (2,251 )
USD 130,859 GBP 99,000 Bank of America N.A. 12/05/17 (3,032 )
USD 1,380,756 GBP 1,041,490 Bank of America N.A. 12/05/17 (27,789 )
USD 11,805,813 GBP 8,905,000 Bank of America N.A. 12/05/17 (237,605 )
USD 6,536 GBP 5,000 Citibank N.A. 12/05/17 (226 )
USD 244,670 NZD 358,000 Bank of America N.A. 12/05/17 (18 )
AUD 2,530,000 CAD 2,473,811 Citibank N.A. 12/12/17 (4,185 )
AUD 2,590,000 SEK 16,479,732 BNP Paribas S.A. 12/12/17 (10,652 )
CAD 2,548,591 USD 2,000,000 BNP Paribas S.A. 12/12/17 (24,262 )
CHF 1,944,600 USD 2,000,000 Bank of America N.A. 12/12/17 (22,229 )
EUR 1,660,000 GBP 1,465,795 Citibank N.A. 12/12/17 (6,108 )
EUR 1,670,000 JPY 223,800,307 Barclays Bank PLC 12/12/17 (628 )
JPY 231,405,838 EUR 1,730,000 BNP Paribas S.A. 12/12/17 (3,217 )
JPY 449,602,241 EUR 3,390,000 Barclays Bank PLC 12/12/17 (40,491 )
NOK 15,941,449 EUR 1,700,000 BNP Paribas S.A. 12/12/17 (107,743 )
NOK 16,131,222 EUR 1,710,000 BNP Paribas S.A. 12/12/17 (96,835 )
NOK 15,444,559 GBP 1,510,000 Morgan Stanley & Co. International PLC 12/12/17 (185,755 )
NOK 31,205,050 NZD 5,560,000 BNP Paribas S.A. 12/12/17 (48,142 )
NOK 15,325,346 NZD 2,730,000 Credit Suisse International 12/12/17 (23,224 )
NOK 16,300,000 SEK 16,659,122 BNP Paribas S.A. 12/12/17 (31,392 )
NOK 16,365,000 SEK 16,713,944 Goldman Sachs International 12/12/17 (30,129 )
NZD 5,560,000 NOK 31,734,590 Credit Suisse International 12/12/17 (15,522 )
SEK 16,204,058 AUD 2,590,000 BNP Paribas S.A. 12/12/17 (22,296 )
SEK 33,923,211 CHF 4,040,000 BNP Paribas S.A. 12/12/17 (54,501 )
SEK 32,725,898 EUR 3,430,000 Citibank N.A. 12/12/17 (173,007 )
SEK 16,209,039 GBP 1,550,000 Goldman Sachs International 12/12/17 (159,419 )
USD 1,990,000 CHF 1,959,222 Citibank N.A. 12/12/17 (2,642 )
CAD 2,452,380 NZD 2,800,000 Goldman Sachs International 12/15/17 (12,210 )
NOK 16,300,000 SEK 16,640,877 Citibank N.A. 12/15/17 (29,565 )
NOK 32,730,000 SEK 33,317,994 Citibank N.A. 12/15/17 (47,831 )
NOK 16,300,000 SEK 16,646,538 Deutsche Bank AG 12/15/17 (30,242 )

S CHEDULES OF I NVESTMENTS 33

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Core Bond Trust (BHK)

Forward Foreign Currency Exchange Contracts (continued)

Currency Purchased — NZD 2,800,000 Currency Sold — CAD 2,514,932 Counterparty — Goldman Sachs International 12/15/17 Unrealized Appreciation (Depreciation) — $ (36,285 )
NZD 2,915,000 USD 1,996,743 Deutsche Bank AG 12/15/17 (4,686 )
USD 107,292 EUR 90,000 JPMorgan Chase Bank N.A. 01/04/18 (74 )
USD 1,697,572 GBP 1,257,000 Royal Bank of Scotland PLC 01/04/18 (4,708 )
USD 11,974,839 GBP 8,867,000 Royal Bank of Scotland PLC 01/04/18 (33,210 )
USD 173,668 EUR 148,929 Bank of America N.A. 01/30/18 (4,268 )
(2,210,600 )
Net Unrealized Depreciation $ (825,178 )

Exchange-Traded Options Purchased

Description Exercise Price Notional Amount (000) Value
Call
U.S. 10 Year Note 2 12/22/17 USD 125.50 $248 $ 125

OTC Interest Rate Swaptions Purchased

Description Counterparty Expiration Date Received by the Trust Paid by the Trust Notional Amount (000) Value
Rate Frequency Rate Frequency
Call
10-Year Interest Rate Swap, 12/29/27 JPMorgan Chase Bank N.A. 12/29/17 2.44 % 2.44% Semi-annual 3-Month LIBOR Quarterly USD 1,550 $ 5,954
10-Year Interest Rate Swap, 12/29/27 JPMorgan Chase Bank N.A. 12/29/17 2.44 2.44 Semi-annual 3-Month LIBOR Quarterly USD 1,550 9,387
1-Year Interest Rate Swap, 03/05/19 JPMorgan Chase Bank N.A. 03/05/18 1.94 1.94 Semi-annual 3-Month LIBOR Quarterly USD 27,900 14,939
1-Year Interest Rate Swap, 03/05/19 JPMorgan Chase Bank N.A. 03/05/18 1.94 1.94 Semi-annual 3-Month LIBOR Quarterly USD 9,700 5,194
2-Year Interest Rate Swap, 10/17/20 Deutsche Bank AG 10/17/18 1.25 1.25 Semi-annual 3-Month LIBOR Quarterly USD 10,000 975
10-Year Interest Rate Swap, 03/13/29 Barclays Bank PLC 03/13/19 2.75 2.75 Semi-annual 3-Month LIBOR Quarterly USD 2,290 82,891
2-Year Interest Rate Swap, 03/27/21 Deutsche Bank AG 03/27/19 2.25 2.25 Semi-annual 3-Month LIBOR Quarterly USD 20,000 94,608
2-Year Interest Rate Swap, 04/25/21 Barclays Bank PLC 04/25/19 2.00 2.00 Semi-annual 3-Month LIBOR Quarterly USD 20,000 56,414
15-Year Interest Rate Swap, 06/08/35 Barclays Bank PLC 06/08/20 0.65 0.65 Semi-annual 6-Month LIBOR Semi-annual JPY 125,000 24,004
15-Year Interest Rate Swap, 09/14/35 Morgan Stanley & Co. International PLC 09/14/20 0.66 0.66 Semi-annual 6-Month LIBOR Semi-annual JPY 50,000 9,939
15-Year Interest Rate Swap, 09/14/35 Barclays Bank PLC 09/14/20 0.66 0.66 Semi-annual 6-Month LIBOR Semi-annual JPY 50,000 9,939

34 2017 B LACK R OCK Q UARTERLY R EPORT TO S HAREHOLDERS

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Core Bond Trust (BHK)

OTC Interest Rate Swaptions Purchased (continued)

Description Counterparty Expiration — Date Exercise — Rate Received by the Trust — Rate Frequency Paid by the Trust — Rate Frequency Notional — Amount (000) Value
Call
10-Year Interest Rate Swap, 01/25/37 Deutsche Bank AG 01/25/27 2.60 % 2.60% Semi-annual 3-Month LIBOR Quarterly USD 1,900 $ 100,865
10-Year Interest Rate Swap, 02/08/37 Deutsche Bank AG 02/08/27 2.40 2.40 Semi-annual 3-Month LIBOR Quarterly USD 1,875 87,483
502,592
Put
30-Year Interest Rate Swap, 01/03/48 Goldman Sachs Bank USA 01/03/18 3.10 % 3-Month LIBOR Semi-annual 3.10% Quarterly USD 3,000 130
10-Year Interest Rate Swap, 02/20/28 Goldman Sachs Bank USA 02/20/18 2.80 3-Month LIBOR Quarterly 2.80 Semi-annual USD 8,000 49,607
10-Year Interest Rate Swap, 02/20/28 Goldman Sachs Bank USA 02/20/18 3.20 3-Month LIBOR Quarterly 3.20 Semi-annual USD 8,000 4,698
30-Year Interest Rate Swap, 09/12/48 Barclays Bank PLC 09/12/18 3.10 3-Month LIBOR Quarterly 3.10 Semi-annual USD 1,840 22,350
30-Year Interest Rate Swap, 09/12/48 Barclays Bank PLC 09/12/18 3.40 3-Month LIBOR Quarterly 3.40 Semi-annual USD 2,300 11,344
30-Year Interest Rate Swap, 09/12/48 Barclays Bank PLC 09/12/18 3.70 3-Month LIBOR Quarterly 3.70 Semi-annual USD 2,760 5,530
5-Year Interest Rate Swap, 10/02/23 Deutsche Bank AG 10/02/18 2.45 3-Month LIBOR Quarterly 2.45 Semi-annual USD 10,600 77,823
5-Year Interest Rate Swap, 10/05/23 Bank of America N.A. 10/05/18 2.50 3-Month LIBOR Quarterly 2.50 Semi-annual USD 12,230 80,302
5-Year Interest Rate Swap, 10/24/23 Deutsche Bank AG 10/24/18 2.55 3-Month LIBOR Quarterly 2.55 Semi-annual USD 20,500 127,556
1-Year Interest Rate Swap, 03/04/20 Goldman Sachs Bank USA 03/04/19 0.15 6-Month EURIBOR Semi-annual 0.15 Annual EUR 34,880 23,398
30-Year Interest Rate Swap, 03/04/49 Goldman Sachs Bank USA 03/04/19 4.00 3-Month LIBOR Quarterly 4.00 Semi-annual USD 1,600 4,591
15-Year Interest Rate Swap, 05/15/35 Barclays Bank PLC 05/15/20 1.10 6-Month LIBOR Semi-annual 1.10 Semi-annual JPY 250,000 22,122
15-Year Interest Rate Swap, 06/08/35 Barclays Bank PLC 06/08/20 0.65 6-Month LIBOR Semi-annual 0.65 Semi-annual JPY 125,000 28,531
15-Year Interest Rate Swap, 09/14/35 Barclays Bank PLC 09/14/20 0.66 6-Month LIBOR Semi-annual 0.66 Semi-annual JPY 50,000 12,466
15-Year Interest Rate Swap, 09/14/35 Morgan Stanley & Co. International PLC 09/14/20 0.66 6-Month LIBOR Semi-annual 0.66 Semi-annual JPY 50,000 12,466
10-Year Interest Rate Swap, 02/01/31 Bank of America N.A. 02/01/21 3.50 3-Month LIBOR Quarterly 3.50 Semi-annual USD 4,000 68,547
10-Year Interest Rate Swap, 02/01/31 Citibank N.A. 02/01/21 3.50 3-Month LIBOR Quarterly 3.50 Semi-annual USD 4,380 75,059
5-Year Interest Rate Swap, 10/25/26 JPMorgan Chase Bank N.A. 10/25/21 3.25 3-Month LIBOR Quarterly 3.25 Semi-annual USD 3,445 46,464
5-Year Interest Rate Swap, 10/27/26 Barclays Bank PLC 10/27/21 3.15 3-Month LIBOR Quarterly 3.15 Semi-annual USD 16,560 245,160
5-Year Interest Rate Swap, 12/16/26 Goldman Sachs Bank USA 12/16/21 3.25 3-Month LIBOR Quarterly 3.25 Semi-annual USD 6,050 85,147
5-Year Interest Rate Swap, 12/16/26 JPMorgan Chase Bank N.A. 12/16/21 3.25 3-Month LIBOR Quarterly 3.25 Semi-annual USD 6,200 87,259

S CHEDULES OF I NVESTMENTS 35

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Core Bond Trust (BHK)

OTC Interest Rate Swaptions Purchased (continued)

Description Counterparty Expiration Date Received by the Trust Paid by the Trust Notional Amount (000) Value
Rate Frequency Rate Frequency
Put
5-Year Interest Rate Swap, 01/04/27 Barclays Bank PLC 01/04/22 3.35 % 3-Month LIBOR Quarterly 3.35 % Semi-annual USD 19,050 $ 248,363
10-Year Interest Rate Swap, 01/11/32 Credit Suisse International 01/11/22 1.25 6-Month LIBOR Semi-annual 1.25 Semi-annual JPY 250,000 19,823
10-Year Interest Rate Swap, 02/22/32 Credit Suisse International 02/22/22 1.55 6-Month LIBOR Semi-annual 1.55 Semi-annual JPY 250,000 15,691
10-Year Interest Rate Swap, 03/16/32 JPMorgan Chase Bank N.A. 03/16/22 1.60 6-Month LIBOR Semi-annual 1.60 Semi-annual JPY 250,000 15,412
10-Year Interest Rate Swap, 04/04/32 JPMorgan Chase Bank N.A. 04/04/22 1.45 6-Month LIBOR Semi-annual 1.45 Semi-annual JPY 250,000 17,870
15-Year Interest Rate Swap, 05/03/37 Goldman Sachs Bank USA 05/03/22 3.25 3-Month LIBOR Quarterly 3.25 Semi-annual USD 4,050 167,236
15-Year Interest Rate Swap, 05/03/37 Goldman Sachs Bank USA 05/03/22 3.25 3-Month LIBOR Quarterly 3.25 Semi-annual USD 3,950 163,106
10-Year Interest Rate Swap, 08/16/32 JPMorgan Chase Bank N.A. 08/16/22 3.00 3-Month LIBOR Quarterly 3.00 Semi-annual USD 22,000 880,922
10-Year Interest Rate Swap, 04/12/37 JPMorgan Chase Bank N.A. 04/12/27 3.00 3-Month LIBOR Quarterly 3.00 Semi-annual USD 2,590 139,540
20-Year Interest Rate Swap, 08/09/53 Barclays Bank PLC 08/09/33 4.00 6-Month EURIBOR Semi-annual 4.00 Annual EUR 2,410 98,683
2,857,196
$ 3,359,788

OTC Options Purchased

Description Counterparty Exercise Price Notional Amount (000) Value
Call
CAD Currency JPMorgan Chase Bank N.A. — 12/13/17 CHF 0.78 CAD 20,320 $ 3,796
EUR Currency Barclays Bank PLC — 12/13/17 JPY 135.50 EUR 13,650 31,909
GBP Currency Deutsche Bank AG — 12/13/17 AUD 1.74 GBP 12,100 449,929
NOK Currency Citibank N.A. — 12/13/17 SEK 1.04 NOK 127,980 877
NZD Currency Barclays Bank PLC — 12/13/17 JPY 79.00 NZD 23,405 4,207
USD Currency Bank of America N.A. — 12/13/17 CHF 1.02 USD 16,085 434
491,152
Put
AUD Currency Credit Suisse International — 12/13/17 USD 0.75 AUD 20,860 21,916
AUD Currency Morgan Stanley & Co. International PLC — 12/13/17 NZD 1.09 AUD 15,335 5,869
CHF Currency Goldman Sachs International — 12/13/17 NOK 8.30 CHF 15,770 20,840
NZD Currency Deutsche Bank AG — 12/13/17 USD 0.67 NZD 22,155 17,369
NZD Currency Goldman Sachs International — 12/13/17 CAD 0.85 NZD 22,415 1,057
USD Currency Deutsche Bank AG — 12/13/17 JPY 107.00 USD 15,985 592
67,643
$ 558,795

36 2017 B LACK R OCK Q UARTERLY R EPORT TO S HAREHOLDERS

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Core Bond Trust (BHK)

OTC Interest Rate Swaptions Written

Description Counterparty Expiration — Date Exercise — Rate Received by the Trust — Rate Frequency Paid by the Trust — Rate Frequency Notional — Amount (000) Value
Call
5-Year Interest Rate Swap, 12/18/22 Morgan Stanley & Co. International PLC 12/18/17 1.70 % 3-Month LIBOR Quarterly 1.70% Semi-annual USD 7,600 $ (1 )
2-Year Interest Rate Swap, 03/01/20 Goldman Sachs Bank USA 03/01/18 1.60 3-Month LIBOR Quarterly 1.60 Semi-annual USD 24,400 (445 )
5-Year Interest Rate Swap, 03/05/23 JPMorgan Chase Bank N.A. 03/05/18 2.41 3-Month LIBOR Quarterly 2.41 Semi-annual USD 5,580 (53,274 )
5-Year Interest Rate Swap, 03/05/23 JPMorgan Chase Bank N.A. 03/05/18 2.41 3-Month LIBOR Quarterly 2.41 Semi-annual USD 1,940 (18,522 )
5-Year Interest Rate Swap, 03/13/23 Barclays Bank PLC 03/13/18 0.10 6-Month EURIBOR Semi-annual 0.10 Annual EUR 11,520 (2,456 )
5-Year Interest Rate Swap, 04/11/23 Bank of America N.A. 04/11/18 1.85 3-Month LIBOR Quarterly 1.85 Semi-annual USD 7,990 (5,818 )
10-Year Interest Rate Swap, 07/13/28 Deutsche Bank AG 07/13/18 2.45 3-Month LIBOR Quarterly 2.45 Semi-annual USD 2,000 (30,429 )
2-Year Interest Rate Swap, 10/17/20 Deutsche Bank AG 10/17/18 .90 3-Month LIBOR Quarterly .90 Semi-annual USD 10,000 (219 )
10-Year Interest Rate Swap, 11/28/28 Nomura International Plc 11/28/18 2.44 3-Month LIBOR Quarterly 2.44 Semi-annual USD 5,210 —
10-Year Interest Rate Swap, 03/13/29 Barclays Bank PLC 03/13/19 2.00 3-Month LIBOR Quarterly 2.00 Semi-annual USD 4,580 (39,270 )
2-Year Interest Rate Swap, 03/21/21 Goldman Sachs Bank USA 03/21/19 1.60 3-Month LIBOR Quarterly 1.60 Semi-annual USD 15,400 (13,589 )
2-Year Interest Rate Swap, 03/27/21 Deutsche Bank AG 03/27/19 1.75 3-Month LIBOR Quarterly 1.75 Semi-annual USD 30,000 (41,720 )
2-Year Interest Rate Swap, 03/28/21 JPMorgan Chase Bank N.A. 03/28/19 1.75 3-Month LIBOR Quarterly 1.75 Semi-annual USD 8,470 (11,793 )
2-Year Interest Rate Swap, 04/12/21 JPMorgan Chase Bank N.A. 04/12/19 1.60 3-Month LIBOR Quarterly 1.60 Semi-annual USD 6,700 (6,399 )
2-Year Interest Rate Swap, 04/25/21 Barclays Bank PLC 04/25/19 1.50 3-Month LIBOR Quarterly 1.50 Semi-annual USD 40,000 (30,045 )
2-Year Interest Rate Swap, 11/04/21 Barclays Bank PLC 11/04/19 1.70 3-Month LIBOR Quarterly 1.70 Semi-annual USD 11,900 (25,214 )
5-Year Interest Rate Swap, 01/05/27 Goldman Sachs Bank USA 01/05/22 1.70 3-Month LIBOR Quarterly 1.70 Semi-annual USD 5,000 (53,113 )
5-Year Interest Rate Swap, 02/08/27 Deutsche Bank AG 02/08/22 1.75 3-Month LIBOR Quarterly 1.75 Semi-annual USD 5,000 (57,021 )
(389,328 )
Put
5-Year Interest Rate Swap, 12/18/22 Morgan Stanley & Co. International PLC 12/18/17 2.00 2.00 Semi-annual 3-Month LIBOR Quarterly USD 7,600 (75,998 )
10-Year Interest Rate Swap, 01/03/28 Goldman Sachs Bank USA 01/03/18 3.00 3.00 Semi-annual 3-Month LIBOR Quarterly USD 7,430 (59 )
10-Year Interest Rate Swap, 02/16/28 Barclays Bank PLC 02/16/18 2.60 2.60 Semi-annual 3-Month LIBOR Quarterly USD 4,970 (17,406 )
10-Year Interest Rate Swap, 02/20/28 Goldman Sachs Bank USA 02/20/18 3.00 3.00 Semi-annual 3-Month LIBOR Quarterly USD 16,000 (32,538 )
2-Year Interest Rate Swap, 04/06/20 JPMorgan Chase Bank N.A. 04/06/18 2.15 2.15 Semi-annual 3-Month LIBOR Quarterly USD 8,320 (10,775 )

S CHEDULES OF I NVESTMENTS 37

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Core Bond Trust (BHK)

OTC Interest Rate Swaptions Written (continued)

Description Counterparty Expiration Date Received by the Trust Paid by the Trust Notional Amount (000) Value
Rate Frequency Rate Frequency
Put
2-Year Interest Rate Swap, 04/12/20 Goldman Sachs Bank USA 04/12/18 1.75 % 1.75% Semi-annual 3-Month LIBOR Quarterly USD 38,200 (268,159 )
2-Year Interest Rate Swap, 06/27/20 Goldman Sachs Bank USA 06/27/18 1.45 1.45 Semi-annual 3-Month LIBOR Quarterly USD 10,000 (136,235 )
10-Year Interest Rate Swap, 07/13/28 Deutsche Bank AG 07/13/18 2.45 2.45 Semi-annual 3-Month LIBOR Quarterly USD 2,000 (35,213 )
10-Year Interest Rate Swap, 07/16/28 JPMorgan Chase Bank N.A. 07/16/18 2.75 2.75 Semi-annual 3-Month LIBOR Quarterly USD 2,000 (15,317 )
10-Year Interest Rate Swap, 07/19/28 Deutsche Bank AG 07/19/18 2.70 2.70 Semi-annual 3-Month LIBOR Quarterly USD 3,240 (29,354 )
10-Year Interest Rate Swap, 07/26/28 UBS AG 07/26/18 2.75 2.75 Semi-annual 3-Month LIBOR Quarterly USD 2,000 (16,233 )
10-Year Interest Rate Swap, 08/10/28 Deutsche Bank AG 08/10/18 2.55 2.55 Semi-annual 3-Month LIBOR Quarterly USD 3,500 $ (52,639 )
10-Year Interest Rate Swap, 08/16/28 JPMorgan Chase Bank N.A. 08/16/18 2.70 2.70 Semi-annual 3-Month LIBOR Quarterly USD 31,000 (320,347 )
10-Year Interest Rate Swap, 08/27/28 Deutsche Bank AG 08/27/18 2.75 2.75 Semi-annual 3-Month LIBOR Quarterly USD 2,000 (18,849 )
10-Year Interest Rate Swap, 09/06/28 Barclays Bank PLC 09/06/18 2.45 2.45 Semi-annual 3-Month LIBOR Quarterly USD 2,400 (49,689 )
2-Year Interest Rate Swap, 09/06/20 Goldman Sachs Bank USA 09/06/18 1.50 1.50 Semi-annual 3-Month LIBOR Quarterly USD 26,000 (349,353 )
30-Year Interest Rate Swap, 09/12/48 Barclays Bank PLC 09/12/18 2.75 2.75 Semi-annual 3-Month LIBOR Quarterly USD 1,840 (59,617 )
2-Year Interest Rate Swap, 10/17/20 Barclays Bank PLC 10/17/18 2.50 2.50 Semi-annual 3-Month LIBOR Quarterly USD 5,000 (7,535 )
10-Year Interest Rate Swap, 11/28/28 Nomura International Plc 11/28/18 2.44 2.44 Semi-annual 3-Month LIBOR Quarterly USD 5,210 —
5-Year Interest Rate Swap, 03/04/24 Goldman Sachs Bank USA 03/04/19 .64 .64 Annual 3-Month LIBOR Semi-annual EUR 6,980 (68,118 )
2-Year Interest Rate Swap, 03/21/21 Goldman Sachs Bank USA 03/21/19 2.60 2.60 Semi-annual 3-Month LIBOR Quarterly USD 15,400 (35,211 )
2-Year Interest Rate Swap, 03/28/21 JPMorgan Chase Bank N.A. 03/28/19 2.75 2.75 Semi-annual 3-Month LIBOR Quarterly USD 8,470 (14,135 )
2-Year Interest Rate Swap, 04/08/21 JPMorgan Chase Bank N.A. 04/08/19 2.35 2.35 Semi-annual 3-Month LIBOR Quarterly USD 7,530 (30,766 )
2-Year Interest Rate Swap, 04/12/21 JPMorgan Chase Bank N.A. 04/12/19 2.60 2.60 Semi-annual 3-Month LIBOR Quarterly USD 13,400 (32,934 )
2-Year Interest Rate Swap, 11/04/21 Barclays Bank PLC 11/04/19 2.70 2.70 Semi-annual 3-Month LIBOR Quarterly USD 11,900 (41,797 )
2-Year Interest Rate Swap, 11/06/21 JPMorgan Chase Bank N.A. 11/06/19 2.70 2.70 Quarterly 3-Month LIBOR Semi-annual USD 20,000 (70,349 )

38 2017 B LACK R OCK Q UARTERLY R EPORT TO S HAREHOLDERS

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Core Bond Trust (BHK)

OTC Interest Rate Swaptions Written (continued)

Description Counterparty Expiration Date Received by the Trust Paid by the Trust Notional Amount (000) Value
Rate Frequency Rate Frequency
Put
15-Year Interest Rate Swap, 05/15/35 Barclays Bank PLC 05/15/20 2.10 % 2.10 Semi-annual 6-Month LIBOR % Semi-annual JPY 250,000 $ (6,443 )
10-Year Interest Rate Swap, 02/01/31 Bank of America N.A. 02/01/21 5.50 5.50 Semi-annual 3-Month LIBOR Quarterly USD 10,000 (18,776 )
10-Year Interest Rate Swap, 02/01/31 Citibank N.A. 02/01/21 5.50 5.50 Semi-annual 3-Month LIBOR Quarterly USD 10,950 (20,559 )
5-Year Interest Rate Swap, 05/03/27 Goldman Sachs Bank USA 05/03/22 3.25 3.25 Semi-annual 3-Month LIBOR Quarterly USD 10,130 (157,099 )
5-Year Interest Rate Swap, 05/03/27 Goldman Sachs Bank USA 05/03/22 3.25 3.25 Semi-annual 3-Month LIBOR Quarterly USD 9,870 (153,067 )
(2,144,570 )
$ (2,533,898 )

OTC Options Written

Description Counterparty Exercise Price Notional Amount (000) Value
Call
AUD Currency Morgan Stanley & Co. International PLC — 12/13/17 NZD 1.15 AUD 15,335 $ (70 )
CAD Currency JPMorgan Chase Bank N.A. — 12/13/17 CHF 0.79 CAD 40,640 (1,480 )
CHF Currency Goldman Sachs International — 12/13/17 NOK 8.50 CHF 7,885 (45,983 )
EUR Currency Barclays Bank PLC — 12/13/17 JPY 137.50 EUR 27,300 (11,340 )
GBP Currency Deutsche Bank AG — 12/13/17 AUD 1.77 GBP 24,205 (437,796 )
NZD Currency Barclays Bank PLC — 12/13/17 JPY 80.00 NZD 46,810 (1,120 )
(497,789 )
Put
CHF Currency Goldman Sachs International — 12/13/17 NOK 8.20 CHF 31,540 (12,408 )
NZD Currency Deutsche Bank AG — 12/13/17 CHF 0.67 NZD 23,270 (43,882 )
(56,290 )
Total $ (554,079 )

Centrally Cleared Credit Default Swaps — Sell Protection

Reference Obligation/Index — Chesapeake Energy Corp. 5.00 % Quarterly 12/20/21 CCC USD 270 Value — $ (9,287 ) Upfront Premium Paid (Received) — $ (9,141 ) Unrealized Appreciation (Depreciation) — $ (146 )

(a) Using Standard & Poor’s rating of the issuer or the underlying securities of the index, as applicable.

(b) The maximum potential amount the Trust may pay should a negative credit event take place as defined under the terms of the agreement.

S CHEDULES OF I NVESTMENTS 39

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Core Bond Trust (BHK)

Centrally Cleared Interest Rate Swaps

Paid by the Trust Received by the Trust Notional Amount (000) Value Unrealized Appreciation (Depreciation)
Rate Frequency Rate Frequency
0.77% Semi-annual 3-Month LIBOR Quarterly 02/05/16 02/05/18 USD 107,000 $ 127,918 $ 112 $ 127,806
3-Month LIBOR Quarterly 1.59% Semi-annual 06/13/18 08/01/18 USD 357,000 (28,503 ) 3,632 (32,135 )
1.60 Semi-annual 3-Month LIBOR Quarterly 08/01/18 09/26/18 USD 312,000 54,082 3,174 50,908
1.82 Semi-annual 3-Month LIBOR Quarterly 10/20/17 10/20/19 USD 9,380 20,984 104 20,880
1.84 Semi-annual 3-Month LIBOR Quarterly 11/10/17 11/10/19 USD 9,400 20,690 107 20,583
1.65 Semi-annual 3-Month LIBOR Quarterly 11/21/17 11/21/19 USD 13,200 79,297 149 79,148
1.75 Semi-annual 3-Month LIBOR Quarterly 05/21/18 05/21/20 USD 10,950 78,509 — 78,509
1.87 Semi-annual 3-Month LIBOR Quarterly 07/03/18 07/03/20 USD 2,810 14,975 — 14,975
1.94 Semi-annual 3-Month LIBOR Quarterly 07/09/18 07/07/20 USD 6,000 23,976 — 23,976
3-Month LIBOR Quarterly 1.94 Semi-annual 10/20/17 10/20/20 USD 12,630 (40,403 ) 142 (40,545 )
3-Month LIBOR Quarterly 1.94 Semi-annual 11/10/17 11/10/20 USD 12,700 (44,540 ) 146 (44,686 )
2.20 Semi-annual 3-Month LIBOR Quarterly 12/03/18 12/01/20 USD 4,000 1,881 47 1,834
2.20 Semi-annual 3-Month LIBOR Quarterly 12/03/18 12/03/20 USD 22,400 11,601 263 11,338
2.20 Semi-annual 3-Month LIBOR Quarterly 11/08/19 11/08/21 USD 5,900 13,836 69 13,767
1.87 Semi-annual 3-Month LIBOR Quarterly 04/04/18 05/31/22 USD 7,410 24,962 97 24,865
1.81 Semi-annual 3-Month LIBOR Quarterly 06/06/17 06/06/22 USD 2,820 43,845 — 43,845
3-Month LIBOR Quarterly 2.00 Semi-annual 10/05/17 10/05/22 USD 2,390 (20,952 ) 30 (20,982 )
3-Month LIBOR Quarterly 2.00 Semi-annual 10/10/17 10/10/22 USD 3,790 (33,432 ) 48 (33,480 )
2.09 Semi-annual 3-Month LIBOR Quarterly 10/20/17 10/20/22 USD 3,860 17,189 49 17,140
3-Month LIBOR Quarterly 2.16 Semi-annual 10/27/17 10/27/22 USD 8,040 (12,226 ) 103 (12,329 )
2.08 Semi-annual 3-Month LIBOR Quarterly 11/10/17 11/10/22 USD 3,870 20,410 50 20,360
6-Month EURIBOR Semi-annual 0.26 Annual 03/07/18 03/07/23 EUR 2,180 (5,045 ) 35 (5,080 )
3-Month LIBOR Quarterly 1.97 Semi-annual 10/27/21 10/27/26 USD 720 (18,545 ) 9 (18,554 )
3-Month LIBOR Quarterly 2.07 Semi-annual 10/29/21 10/29/26 USD 6,160 (131,794 ) 77 (131,871 )
3-Month LIBOR Quarterly 2.95 Semi-annual 12/21/21 12/21/26 USD 4,100 67,955 828 67,127
3-Month LIBOR Quarterly 2.75 Semi-annual 01/05/22 01/05/27 USD 6,930 53,612 87 53,525
3-Month LIBOR Quarterly 3.02 Semi-annual 03/14/22 03/14/27 USD 5,220 99,038 63 98,975
3-Month LIBOR Quarterly 2.31 Semi-annual 05/03/17 05/03/27 USD 1,020 (5,554 ) — (5,554 )
6-Month EURIBOR Semi-annual 1.40 Annual 06/08/22 06/08/27 EUR 200 362 — 362
2.14 Semi-annual 3-Month LIBOR Quarterly 09/14/17 09/14/27 USD 1,200 26,571 19 26,552
2.14 Semi-annual 3-Month LIBOR Quarterly 09/15/17 09/15/27 USD 900 20,061 14 20,047
2.24 Semi-annual 3-Month LIBOR Quarterly 09/22/17 09/22/27 USD 1,400 18,623 22 18,601
2.27 Semi-annual 3-Month LIBOR Quarterly 09/22/17 09/22/27 USD 130 1,418 2 1,416
2.25 Semi-annual 3-Month LIBOR Quarterly 09/25/17 09/25/27 USD 1,200 15,209 19 15,190
2.32 Semi-annual 3-Month LIBOR Quarterly 10/02/17 10/02/27 USD 1,280 8,649 20 8,629
2.33 Semi-annual 3-Month LIBOR Quarterly 10/12/17 10/12/27 USD 4,100 21,906 63 21,843
2.37 Semi-annual 3-Month LIBOR Quarterly 10/25/17 10/25/27 USD 2,050 3,727 32 3,695
2.47 Semi-annual 3-Month LIBOR Quarterly 10/27/17 10/27/27 USD 2,640 (17,009 ) 41 (17,050 )
2.45 Semi-annual 3-Month LIBOR Quarterly 10/27/17 10/27/27 USD 1,660 (8,542 ) 26 (8,568 )
2.38 Semi-annual 3-Month LIBOR Quarterly 11/14/17 11/14/27 USD 340 584 5 579
2.40 Semi-annual 3-Month LIBOR Quarterly 11/14/17 11/14/27 USD 340 (103 ) 5 (108 )
2.40 Semi-annual 3-Month LIBOR Quarterly 11/14/17 11/14/27 USD 810 (571 ) 13 (584 )
2.40 Semi-annual 3-Month LIBOR Quarterly 11/16/17 11/16/27 USD 1,000 (509 ) 15 (524 )
3-Month LIBOR Quarterly 2.34 Semi-annual 11/17/17 11/17/27 USD 170 (790 ) 3 (793 )
3-Month LIBOR Quarterly 2.35 Semi-annual 11/17/17 11/17/27 USD 250 (1,050 ) 4 (1,054 )
2.39 Semi-annual 3-Month LIBOR Quarterly 11/21/17 11/21/27 USD 600 593 9 584
2.39 Semi-annual 3-Month LIBOR Quarterly 11/21/17 11/21/27 USD 600 135 9 126

40 2017 B LACK R OCK Q UARTERLY R EPORT TO S HAREHOLDERS

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Core Bond Trust (BHK)

Centrally Cleared Interest Rate Swaps (continued)

Paid by the Trust Received by the Trust Notional Amount (000) Value Unrealized Appreciation (Depreciation)
Rate Frequency Rate Frequency
2.39% Semi-annual 3-Month LIBOR Quarterly 11/24/17 11/24/27 USD 1,500 $ 848 $ 23 $ 825
3-Month LIBOR Quarterly 2.36% Semi-annual 11/29/17 11/29/27 USD 800 (2,636 ) 12 (2,648 )
3-Month LIBOR Quarterly 2.34 Semi-annual 11/30/17 11/30/27 USD 800 (3,993 ) 12 (4,005 )
3-Month LIBOR Quarterly 2.40 Semi-annual 12/01/17 12/01/27 USD 4,900 (113 ) 76 (189 )
2.44 Semi-annual 3-Month LIBOR Quarterly 12/04/17 12/04/27 USD 1,000 (3,400 ) 15 (3,415 )
2.90 Semi-annual 3-Month LIBOR Quarterly 01/27/27 01/27/37 USD 730 (5,877 ) 10 (5,887 )
3.07 Semi-annual 3-Month LIBOR Quarterly 03/22/27 03/20/37 USD 1,000 (20,504 ) 14 (20,518 )
2.68 Semi-annual 3-Month LIBOR Quarterly 06/28/27 06/28/37 USD 1,130 9,168 — 9,168
2.80 Semi-annual 3-Month LIBOR Quarterly 09/29/27 09/29/37 USD 760 (472 ) 12 (484 )
2.60 Semi-annual 3-Month LIBOR Quarterly 03/29/18 11/15/43 USD 2,220 5,650 45 5,605
$ 501,701 $ 9,961 $ 491,740

OTC Credit Default Swaps — Sell Protection

Reference Obligation/Index — Jaguar Land Rover Automotive PLC 5.00 % Quarterly Counterparty — Credit Suisse International 06/20/22 Credit Rating (a) — BB+ EUR 20 Value — $ 4,206 Upfront Premium Paid (Received) — $ 3,604 Unrealized Appreciation (Depreciation) — $ 602
Jaguar Land Rover Automotive PLC 5.00 Quarterly Barclays Bank PLC 06/20/22 BB+ EUR 10 2,075 1,789 286
Markit CMBX North America, Series 8 3.00 Monthly Barclays Bank PLC 10/17/57 N/R USD 5,000 (776,511 ) (519,768 ) (256,743 )
Markit CMBX North America, Series 8 3.00 Monthly Credit Suisse International 10/17/57 N/R USD 2,500 (388,256 ) (256,815 ) (131,441 )
Markit CMBX North America, Series 8 3.00 Monthly Morgan Stanley & Co. International PLC 10/17/57 N/R USD 5,550 (861,464 ) (759,503 ) (101,961 )
Markit CMBX North America, Series 9 3.00 Monthly Morgan Stanley & Co. International PLC 09/17/58 N/R USD 9,450 (1,040,396 ) (1,195,115 ) 154,719
Markit CMBX North America, Series 9 3.00 Monthly Credit Suisse International 09/17/58 N/R USD 5,000 (550,475 ) (555,079 ) 4,604
Markit CMBX North America, Series 9 3.00 Monthly Credit Suisse International 09/17/58 N/R USD 5,000 (550,475 ) (555,079 ) 4,604
Markit CMBX North America, Series 9 3.00 Monthly Credit Suisse International 09/17/58 N/R USD 5,000 (550,474 ) (549,016 ) (1,458 )
Markit CMBX North America, Series 9 3.00 Monthly Credit Suisse International 09/17/58 N/R USD 5,000 (550,474 ) (555,026 ) 4,552
$ (5,262,244 ) $ (4,940,005 ) $ (322,236 )

(a) Using Standard & Poor’s rating of the issuer or the underlying securities of the index, as applicable.

(b) The maximum potential amount the Trust may pay should a negative credit event take place as defined under the terms of the agreement.

S CHEDULES OF I NVESTMENTS 41

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Core Bond Trust (BHK)

Fair Value Hierarchy as of Period End

Various inputs are used in determining the fair value of investments and derivative financial instruments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

• Level 1 — unadjusted price quotations in active markets/exchanges for identical assets or liabilities that the Trust has the ability to access

• Level 2 — other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market–corroborated inputs)

• Level 3 — unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Trust’s own assumptions used in determining the fair value of investments and derivative financial instruments)

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

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

The following tables summarize the Trust’s investments and derivative financial instruments categorized in the disclosure hierarchy:

Level 1 Level 2 Level 3 Total
Assets:
Investments:
Long-Term Investments:
Asset-Backed Securities $ — $ 82,299,373 $ 6,455,177 $ 88,754,550
Corporate Bonds — 563,300,172 6,660,950 569,961,122
Floating Rate Loan Interests — 12,621,911 531,151 13,153,062
Foreign Agency Obligations — 35,904,291 — 35,904,291
Municipal Bonds — 25,024,489 — 25,024,489
Non-Agency Mortgage-Backed Securities — 66,751,050 5,043,295 71,794,345
Preferred Securities 8,555,400 91,845,201 — 100,400,601
Trust Preferred 806,693 — — 806,693
U.S. Government Sponsored Agency Securities — 101,978,479 2 101,978,481
U.S. Treasury Obligations — 123,749,879 — 123,749,879
Short-Term Securities:
Money Market Funds 14,102,656 — — 14,102,656
Options Purchased:
Interest rate contracts 125 3,359,788 — 3,359,913
Foreign currency exchange contracts — 558,795 — 558,795
Total $ 23,464,874 $ 1,107,393,428 $ 18,690,575 $ 1,149,548,877

42 2017 B LACK R OCK Q UARTERLY R EPORT TO S HAREHOLDERS

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Core Bond Trust (BHK)

Level 1 Level 3 Total
Derivative Financial Instruments (a)
Assets:
Credit contracts $ — $ 169,367 $ — $ 169,367
Foreign currency exchange contracts — 1,385,422 — 1,385,422
Interest rate contracts 452,783 902,783 — 1,355,566
Liabilities:
Credit contracts — (491,749 ) — (491,749 )
Foreign currency exchange contracts — (2,764,679 ) — (2,764,679 )
Interest rate contracts (291,337 ) (2,944,941 ) — (3,236,278 )
Total $ 161,446 $ (3,743,797 ) $ — $ (3,582,351 )

(a) Derivative financial instruments are swaps, futures contracts, forward foreign currency exchange contracts, and options written. Swaps, futures contracts and forward foreign currency exchange contracts are valued at the unrealized appreciation (depreciation) on the instrument and options written are shown at value.

During the period ended November 30, 2017, there were no transfers between Level 1 and Level 2.

The Trust may hold assets and/or liabilities in which the fair value approximates the carrying amount or face value, including accrued interest, for financial reporting purposes. As of period end, reverse repurchase agreements of $329,872,479 are categorized as Level 2 within the disclosure hierarchy.

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

Asset- Backed Securities Floating Rate Loan Interests Non-Agency Mortgage- Backed Securities U.S. Government Sponsored Agency Securities Total
Assets:
Opening balance, as of August 31, 2017 $ 2,069,938 $ 7,166,469 $ 707,182 $ — $ 2 $ 9,943,591
Transfers into Level 3 (a) 6,056,650 — 16,993 5,055,094 — 11,128,737
Transfers out of Level 3 (b) (1,750,000 ) — (218,961 ) — — (1,968,961 )
Accrued discounts/premiums (26,083 ) — 1,610 (372 ) — (24,845 )
Net realized gain (loss) — — 14,963 — — 14,963
Net change in unrealized appreciation
(depreciation) (c) 48,672 (72,826 ) (1,115 ) (11,427 ) — (36,696 )
Purchases 56,000 — 328,230 — — 384,230
Sales — (432,693 ) (317,751 ) — — (750,444 )
Closing balance, as of November 30, 2017 $ 6,455,177 $ 6,660,950 $ 531,151 $ 5,043,295 $ 2 $ 18,690,575
Net change in unrealized appreciation (depreciation) on investments still held at November 30, 2017 (c) $ 48,672 $ (72,826 ) $ (504 ) $ (11,427 ) $ — $ (36,085 )

(a) As of August 31, 2017, the Trust used observable inputs in determining the value of certain investments. As of November 30, 2017, the Trust used significant unobservable inputs in determining the value of the same investments. As a result, investments at beginning of period value were transferred from Level 2 to Level 3 in the disclosure hierarchy.

(b) As of August 31, 2017, the Trust used significant unobservable inputs in determining the value of certain investments. As of November 30, 2017, the Trust used observable inputs in determining the value of the same investments. As a result, investments at beginning of period value were transferred from Level 3 to Level 2 in the disclosure hierarchy.

(c) Any difference between net change in unrealized appreciation (depreciation) and net change in unrealized appreciation (depreciation) on investments still held at November 30, 2017 is generally due to investments no longer held or categorized as Level 3 at period end.

The Trust’s investments that are categorized as Level 3 were valued utilizing third party pricing information without adjustment. Such valuations are based on unobservable inputs. A significant change in third party information could result in a significantly lower or higher value of such Level 3 investments.

S CHEDULES OF I NVESTMENTS 43

Item 2 – Controls and Procedures

| 2(a) – | The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”)) are effective as of a date within 90 days of the filing of this report based on the evaluation of these controls and
procedures required by Rule 30a-3(b) under the 1940 Act and Rule 13a-15(b) under the Securities Exchange Act of 1934, as amended. |
| --- | --- |
| 2(b) – | There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the registrant’s last fiscal
quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting. |

Item 3 – Exhibits

Certifications – Attached hereto

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

BlackRock Core Bond Trust

By:
John M. Perlowski
Chief Executive Officer (principal executive officer) of
BlackRock Core Bond Trust

Date: January 22, 2018

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

By:
John M. Perlowski
Chief Executive Officer (principal executive officer) of
BlackRock Core Bond Trust

Date: January 22, 2018

By:
Neal J. Andrews
Chief Financial Officer (principal financial officer) of
BlackRock Core Bond Trust

Date: January 22, 2018

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