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BLACKROCK CORE BOND TRUST

Regulatory Filings Jan 22, 2019

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N-Q 1 d636898dnq.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: 08/31/2019

Date of reporting period: 11/30/2018

Item 1 – Schedule of Investments

Schedule of Investments (unaudited) November 30, 2018 BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets)

Security Value
Asset-Backed Securities — 8.3%
Asset-Backed Securities — 8.3%
AIMCO CLO, Series 2014-AA, Class DR, (3 mo. LIBOR US +
3.25%), 5.72%, 07/20/26 (a)(b) USD 795 $ 795,332
ALM Loan Funding, 5.14%, 07/15/26 (a)(c) 1,000 993,525
ALM VI Ltd., Series 2012-6A, Class BR3, 4.19%, 07/15/26 (a)(c) 1,000 989,278
ALM XII Ltd., Series 2015-12A, Class C1R2, 5.09%, 04/16/27 (a)(c) 545 540,863
ALM XVI Ltd./ALM XVI LLC, Series 2015-16A, Class CR2,
5.14%, 07/15/27 (a)(c) 2,080 2,045,294
Anchorage Capital CLO Ltd. (a):
Series 2013-1A, Class CR, 5.64%, 10/13/30 (c) 1,000 1,002,056
Series 2016-8A, Class DR, 5.51%, 07/28/28 (c) 1,000 998,552
Series 2016-9A, Class D, (3 mo. LIBOR US + 4.00%), 6.44%,
01/15/29 (b) 650 654,411
Battalion CLO X Ltd., Series 2016-10A, Class C, (3 mo. LIBOR US
+ 4.25%), 6.74%, 01/24/29 (a)(b) 1,000 1,006,040
Bowman Park CLO Ltd., Series 2014-1A, Class D2R, (3 mo. LIBOR US
+ 3.35%), 6.03%, 11/23/25 (a)(b) 3,000 3,004,685
Burnham Park Clo Ltd., Series 2016-1A, Class ER, 7.87%, 10/20/29 (a)(c)(e) 1,000 1,000,000
Countrywide Asset-Backed Certificates, Series 2006-13, Class 3AV2, (1 mo. LIBOR US + 0.15%), 2.46%, 01/25/37 (b) 121 120,015
DCP Rights LLC, Series 2014-1A, Class A, 5.46%, 10/25/44 (a) 3,774 3,768,982
Dryden 41 Senior Loan Fund, Series 2015-41A, Class AR, 3.41%,
04/15/31 (a)(c)(d) 2,550 2,529,981
Dryden 64 CLO Ltd., Series 2018-64A, Class D, 5.09%, 04/18/31 (a)(c) 1,250 1,238,576
Dryden XXVIII Senior Loan Fund, Series 2013-28A, Class B1LR, (3
mo. LIBOR US + 3.15%), 5.77%, 08/15/30 (a)(b) 1,000 1,001,257
Galaxy XXIX CLO Ltd., Series 2018-29A, Class D, 5.02%, 11/15/26 (a)(c) 805 801,982
Highbridge Loan Management, Series 3A-2014, Class CR, (3 mo.
LIBOR US + 3.60%), 6.04%, 07/18/29 (a)(b) 1,000 1,005,818
Limerock CLO III LLC, Series 2014-3A, Class C, (3 mo. LIBOR US
+ 3.60%), 6.07%, 10/20/26 (a)(b) 3,750 3,758,664
Madison Park Funding XV Ltd., Series 2014-15A, Class B1R, (3 mo.
LIBOR US + 2.20%), 4.71%, 01/27/26 (a)(b) 1,800 1,802,507
Security Value
Asset-Backed Securities (continued)
Nelnet Student Loan Trust, Series 2006-1, Class A5, (3 mo. LIBOR
US + 0.11%), 2.76%, 08/23/27 (b) USD 380 $ 378,513
Neuberger Berman CLO XV, Series 2013-15A, Class DR, 5.49%,
10/15/29 (a)(c) 1,000 993,491
Octagon Investment Partners XXI Ltd., Series 2014-1A, Class C,
(3 mo. LIBOR US + 3.65%), 6.26%, 11/14/26 (a)(b) 2,000 2,005,500
Octagon Investment Partners XXII Ltd., Series 2014-1A, Class DRR, 5.22%, 01/22/30 (a)(c) 500 495,248
OHA Credit Partners XIII Ltd., Series 2016-13A, Class E, (3 mo.
LIBOR US + 7.15%), 9.62%, 01/21/30 (a)(b) 595 600,949
OHA Loan Funding Ltd., Series 2016-1A, Class D, (3 mo. LIBOR US
+ 3.75%), 6.22%, 01/20/28 (a)(b) 2,500 2,515,082
OneMain Financial Issuance Trust, Series 2015-2A, Class C,
4.32%, 07/18/25 (a) 5,000 5,004,832
OZLM Funding III Ltd., Series 2013-3A, Class BR, (3 mo. LIBOR US
+ 3.00%), 5.44%, 01/22/29 (a)(b) 1,500 1,505,232
OZLM VIII Ltd., Series 2014-8A, Class CRR, 5.61%, 11/17/29 (a)(c) 1,750 1,750,000
OZLM XIV Ltd., Series 2015-14A, Class CR, 5.44%, 01/15/29 (a)(c) 1,000 994,126
OZLM XXI, Series 2017-21A, Class C, 5.14%, 01/20/31 (a)(c) 1,000 975,242
Palmer Square Loan Funding Ltd., Series 2018-5A, Class D, 1.00%,
01/20/27 (a)(c)(d) 1,000 965,000
Regatta VI Funding Ltd., Series 2016-1A, Class ER, 7.47%,
07/20/28 (a)(c) 250 240,891
Rockford Tower CLO Ltd., Series 2017-1A, Class D, (3 mo. LIBOR
US + 3.25%), 5.69%, 04/15/29 (a)(b) 1,750 1,756,221
Shackleton CLO Ltd., Series 2013-3A, Class DR, 5.46%,
07/15/30 (a)(c) 500 495,157
SLM Private Education Loan Trust (a):
Series 2012-A, Class A2, 3.83%, 01/17/45 144 144,725
Series 2014-A, Class B, 3.50%, 11/15/44 500 497,233
Sound Point CLO XII Ltd., Series 2016-2A, Class D, (3 mo.
LIBOR US + 4.25%), 6.72%, 10/20/28 (a)(b) 465 463,504
Sound Point CLO XIV Ltd., Series 2016-3A, Class D, (3 mo. LIBOR
US + 3.85%), 6.33%, 01/23/29 (a)(b) 1,550 1,558,846

1

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets)

Security Value
Asset-Backed Securities (continued)
Structured Asset Securities Corp., Series 2002-AL1, Class A2,
3.45%, 02/25/32 USD 456 $ 449,183
Voya CLO Ltd., Series 2017-3A, Class C, (3 mo. LIBOR US +
3.55%), 6.02%, 07/20/30 (a)(b) 1,000 1,006,338
Wellfleet CLO Ltd., Series 2015-1A, Class DR, 5.27%, 10/20/27 (a)(c) 2,000 1,991,704
Westcott Park CLO Ltd., Series 2016-1A, Class D, (3 mo. LIBOR US
+ 4.35%), 6.82%, 07/20/28 (a)(b) 685 692,120
York CLO Ltd., Series 2016-1A, Class DR, (3 mo. LIBOR US +
3.60%), 6.07%, 10/20/29 (a)(b) 1,750 1,748,786
York CLO-4 Ltd., Series 2016-2A, Class D, (3 mo. LIBOR US + 4.10%), 6.57%, 01/20/30 (a)(b) 1,500 1,519,018
59,804,759
Interest Only Asset-Backed Securities — 0.0%
Sterling Bank Trust, Series 2004-2, Class Note, 2.08%, 03/30/30 (a)(e) 2,012 100,089
Sterling Coofs Trust, Series 2004-1, Class A, 2.36%, 04/15/29 (e) 2,574 112,758
212,847
Total Asset-Backed Securities — 8.3% (Cost — $60,150,985) 60,017,606
Corporate Bonds — 65.9%
Aerospace & Defense — 1.2%
Arconic, Inc.:
5.40%, 04/15/21 235 238,290
5.13%, 10/01/24 606 587,820
5.90%, 02/01/27 43 41,280
BBA US Holdings, Inc., 5.38%,
05/01/26 (a) 194 187,695
Bombardier, Inc. (a) :
7.75%, 03/15/20 122 124,287
8.75%, 12/01/21 423 436,219
5.75%, 03/15/22 59 56,050
6.00%, 10/15/22 13 12,319
6.13%, 01/15/23 546 518,700
7.50%, 12/01/24 471 448,039
7.50%, 03/15/25 589 559,550
7.45%, 05/01/34 100 87,000
Eaton Corp., 4.15%, 11/02/42 500 454,408
KLX, Inc., 5.88%, 12/01/22 (a) 595 612,478
Koppers, Inc., 6.00%, 02/15/25 (a) 98 87,710
Security Value
Aerospace & Defense (continued)
Kratos Defense & Security Solutions, Inc., 6.50%, 11/30/25 (a) USD 211 $ 217,330
Lockheed Martin Corp., 4.09%, 09/15/52 1,410 1,277,927
Pioneer Holdings LLC/Pioneer Finance Corp., 9.00%,
11/01/22 (a) 94 95,880
TransDigm UK Holdings PLC, 6.88%,
05/15/26 (a) 200 197,500
TransDigm, Inc.:
6.00%, 07/15/22 246 246,000
6.50%, 07/15/24 191 191,477
6.50%, 05/15/25 104 103,610
6.38%, 06/15/26 266 259,653
United Technologies Corp., 6.13%, 07/15/38 1,450 1,649,200
8,690,422
Air Freight & Logistics — 0.2%
FedEx Corp., 4.75%, 11/15/45 1,250 1,171,491
XPO Logistics, Inc., 6.50%, 06/15/22 (a) 64 65,120
1,236,611
Airlines — 2.1%
Air Canada Pass-Through Trust, Series 2015-1, Class B, 3.88%,
09/15/24 (a) 1,556 1,518,859
American Airlines Pass-Through Trust:
Series 2013-2, Class A, 4.95%, 07/15/24 (f) 3,139 3,205,991
Series 2015-2, Class A, 4.00%, 03/22/29 1,323 1,290,813
Series 2015-2, Class AA, 3.60%, 03/22/29 1,322 1,275,070
Series 2017-1, Class B, 4.95%, 08/15/26 1,689 1,713,332
Avianca Holdings SA/Avianca Leasing LLC/Grupo Taca Holdings Ltd., 8.38%, 05/10/20 302 300,868
Continental Airlines Pass-Through Trust, Series 2010-1, Class B,
6.00%, 07/12/20 157 156,887
Latam Finance Ltd., 6.88%, 04/11/24 (a) 257 253,788
Mexico City Airport Trust, 5.50%, 07/31/47 (a) 260 194,350
United Airlines Pass-Through Trust:
Series 2013-1, Class A, 4.30%, 02/15/27 3,210 3,216,487
Series 2014-2, Class B, 4.63%, 03/03/24 1,976 1,978,618
15,105,063
Auto Components — 0.2%
Aptiv PLC, 4.40%, 10/01/46 465 395,384

2

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets)

Security Value
Auto Components (continued)
Fiat Chrysler Finance Europe, 4.75%, 07/15/22 EUR 100 $ 124,531
Icahn Enterprises LP/Icahn Enterprises Finance Corp.:
6.25%, 02/01/22 USD 118 119,918
6.75%, 02/01/24 112 112,700
6.38%, 12/15/25 200 197,500
IHO Verwaltungs GmbH (g) :
(2.75% Cash or 3.50% PIK), 2.75%, 09/15/21 EUR 100 112,644
(3.25% Cash or 4.00% PIK), 3.25%, 09/15/23 100 110,256
(4.50% Cash or 5.25% PIK), 4.50%,
09/15/23 (a) USD 205 190,650
Tesla, Inc., 5.30%, 08/15/25 (a)(f) 273 235,804
Volvo Car AB, 2.00%, 01/24/25 EUR 100 105,593
1,704,980
Automobiles — 0.5%
Ford Motor Co., 4.75%, 01/15/43 (f) USD 2,000 1,505,495
General Motors Co., 6.25%, 10/02/43 2,506 2,294,782
3,800,277
Banks — 1.9%
Allied Irish Banks PLC(5 year EUR Swap + 3.95%), 4.13%, 11/26/25 (h) EUR 100 116,063
Banco BPM SpA, 2.75%, 07/27/20 100 113,458
Banco Inbursa SA Institucion de Banca Multiple, 4.13%,
06/06/24 (a) USD 255 236,750
Bank of Ireland Group PLC, 3.13%, 09/19/27 (c) GBP 100 120,145
Barclays PLC:
4.38%, 09/11/24 USD 550 510,625
3.65%, 03/16/25 4,320 3,967,082
BBVA Bancomer SA, 6.75%, 09/30/22 (a) 236 244,262
CaixaBank SA(5 year EUR Swap + 3.35%), 3.50%,
02/15/27 (h) EUR 100 116,474
CIT Group, Inc.:
5.00%, 08/01/23 USD 237 237,593
5.25%, 03/07/25 268 269,286
6.13%, 03/09/28 120 123,000
Cooperatieve Rabobank UA, 3.95%, 11/09/22 1,500 1,482,678
HSBC Holdings PLC, 6.10%, 01/14/42 610 698,026
Promerica Financial Corp., 9.70%, 05/14/24 (a) 200 207,100
Santander Holdings USA, Inc., 4.50%, 07/17/25 2,000 1,936,288
Santander UK Group Holdings PLC, 2.88%, 08/05/21 1,250 1,201,358
Standard Chartered PLC, 4.87%, 03/15/33 (a)(c) 500 472,871
Security Value
Banks (continued)
Wells Fargo & Co., 3.90%, 05/01/45 (f) USD 2,250 $ 1,999,183
14,052,242
Beverages — 0.7%
Anheuser-Busch Cos. LLC / Anheuser-Busch InBev Worldwide, Inc., 4.90%, 02/01/46 (a) 4,600 4,276,014
BWAY Holding Co., 4.75%, 04/15/24 EUR 100 109,288
Central American Bottling Corp., 5.75%,
01/31/27 (a) USD 222 218,115
OI European Group BV, 4.00%, 03/15/23 (a) 111 103,785
4,707,202
Biotechnology — 0.5%
Amgen, Inc., 4.40%, 05/01/45 2,250 2,060,172
Baxalta, Inc., 5.25%, 06/23/45 500 491,907
Gilead Sciences, Inc., 4.80%, 04/01/44 1,000 973,742
3,525,821
Building Materials — 0.0%
Jeld-Wen, Inc., 4.63%, 12/15/25 (a) 93 83,235
Building Products — 0.1%
CPG Merger Sub LLC, 8.00%, 10/01/21 (a) 218 215,820
Jeld-Wen, Inc., 4.88%, 12/15/27 (a) 21 18,323
Masonite International Corp. (a) :
5.63%, 03/15/23 127 126,682
5.75%, 09/15/26 96 90,600
PGT Escrow Issuer, Inc., 6.75%, 08/01/26 (a) 64 64,640
Standard Industries, Inc. (a) :
5.38%, 11/15/24 19 18,050
6.00%, 10/15/25 115 112,125
USG Corp., 4.88%, 06/01/27 (a) 208 208,260
854,500
Building: Roofing, Wallboard & Plumbing — 0.0%
Quintiles IMS, Inc., 4.88%, 05/15/23 (a) 74 73,722
Cable Television Services — 0.0%
CB Escrow Corp., 8.00%, 10/15/25 (a) 127 112,395
Capital Markets — 2.9%
Blackstone CQP Holdco LP (a) :
6.50%, 03/20/21 1,375 1,333,880
6.00%, 08/18/21 224 223,699
CDP Financial, Inc., 5.60%, 11/25/39 (a) 5,890 7,204,496
Goldman Sachs Group, Inc., 3.75%, 05/22/25 8,965 8,560,659
Intertrust Group BV, 3.38%, 11/15/25 EUR 100 111,985
Lions Gate Capital Holdings LLC, 5.88%,
11/01/24 (a) USD 57 57,427

3

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets)

Security Value
Capital Markets (continued)
Morgan Stanley:
4.00%, 07/23/25 USD 905 $ 885,942
3.13%, 07/27/26 (f) 2,000 1,827,961
NFP Corp., 6.88%, 07/15/25 (a) 62 58,745
Raymond James Financial, Inc., 4.95%, 07/15/46 400 381,139
Stevens Holding Co., Inc., 6.13%, 10/01/26 (a) 114 112,575
SURA Asset Management SA, 4.38%, 04/11/27 (a) 259 240,549
20,999,057
Chemicals — 0.9%
Air Liquide Finance SA, 3.50%, 09/27/46 (a) 360 310,004
Alpha 2 BV, (8.75% Cash or 9.50% PIK), 8.75%,
06/01/23 (a)(g) 210 203,700
Alpha 3 BV/Alpha US Bidco, Inc., 6.25%,
02/01/25 (a) 600 576,000
Axalta Coating Systems LLC, 4.88%,
08/15/24 (a) 311 301,110
Blue Cube Spinco, Inc.:
9.75%, 10/15/23 244 273,021
10.00%, 10/15/25 183 209,077
CF Industries, Inc., 4.95%, 06/01/43 32 24,780
Chemours Co.:
6.63%, 05/15/23 95 96,425
7.00%, 05/15/25 186 188,325
5.38%, 05/15/27 324 292,410
Cydsa SAB de CV, 6.25%, 10/04/27 (a) 319 287,901
GCP Applied Technologies, Inc., 5.50%,
04/15/26 (a) 96 91,920
Hexion, Inc., 10.38%, 02/01/22 (a) 74 61,605
INEOS Finance PLC, 4.00%, 05/01/23 EUR 100 114,329
Mexichem SAB de CV (a) :
4.00%, 10/04/27 USD 200 172,250
5.50%, 01/15/48 200 166,500
Momentive Performance Materials, Inc., 3.88%, 10/24/21 227 243,174
NOVA Chemicals Corp., 4.88%, 06/01/24 (a) 163 151,590
Olin Corp.:
5.13%, 09/15/27 101 94,844
5.00%, 02/01/30 82 72,980
Platform Specialty Products Corp. (a) :
6.50%, 02/01/22 1,311 1,335,581
5.88%, 12/01/25 614 598,650
PQ Corp. (a) :
6.75%, 11/15/22 262 271,825
5.75%, 12/15/25 319 298,067
PSPC Escrow Corp., 6.00%, 02/01/23 EUR 100 116,472
Security Value
Chemicals (continued)
Versum Materials, Inc., 5.50%, 09/30/24 (a) USD 43 $ 42,463
WR Grace & Co-Conn, 5.63%, 10/01/24 (a) 130 131,586
6,726,589
Commercial Services & Supplies — 0.7%
ADT Corp.:
6.25%, 10/15/21 86 88,903
3.50%, 07/15/22 163 152,609
4.13%, 06/15/23 165 153,862
4.88%, 07/15/32 (a) 301 237,790
Advanced Disposal Services, Inc., 5.63%,
11/15/24 (a) 115 112,412
Aviation Capital Group Corp., 7.13%,
10/15/20 (a) 1,800 1,893,386
Avolon Holdings Funding Ltd., 5.13%,
10/01/23 (a) 233 232,126
Booz Allen Hamilton, Inc., 5.13%, 05/01/25 (a) 82 79,540
Core & Main LP, 6.13%, 08/15/25 (a) 246 224,475
Fortress Transportation & Infrastructure Investors
LLC (a) :
6.75%, 03/15/22 43 43,697
6.50%, 10/01/25 46 44,505
GFL Environmental, Inc., 5.38%, 03/01/23 (a) 92 84,180
Harland Clarke Holdings Corp., 8.38%,
08/15/22 (a) 284 262,700
Iron Mountain, Inc., 6.00%, 08/15/23 130 132,600
KAR Auction Services, Inc., 5.13%, 06/01/25 (a) 135 126,225
Mobile Mini, Inc., 5.88%, 07/01/24 298 299,487
Park Aerospace Holdings Ltd. (a) :
3.63%, 03/15/21 166 161,850
5.25%, 08/15/22 157 157,000
5.50%, 02/15/24 17 17,104
Ritchie Bros Auctioneers, Inc., 5.38%,
01/15/25 (a) 181 177,606
United Rentals North America, Inc.:
5.75%, 11/15/24 46 45,713
5.50%, 07/15/25 125 121,641
5.50%, 05/15/27 301 284,069
5,133,480
Communications Equipment — 0.3%
CommScope Technologies LLC, 5.00%, 03/15/27 (a) 179 147,451
CommScope, Inc. (a) :
5.00%, 06/15/21 80 79,320
5.50%, 06/15/24 154 142,050

4

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets)

Security Value
Communications Equipment (continued)
Nokia OYJ:
4.38%, 06/12/27 USD 31 $ 28,956
6.63%, 05/15/39 295 304,233
Zayo Group LLC/Zayo Capital, Inc.:
6.00%, 04/01/23 700 696,500
6.38%, 05/15/25 30 29,437
5.75%, 01/15/27 (a) 471 449,805
1,877,752
Construction & Engineering — 0.7%
Aeropuertos Argentina 2000 SA, 6.88%,
02/01/27 (a) 370 344,562
Aeropuertos Dominicanos Siglo XXI SA, 6.75%,
03/30/29 (a) 370 359,362
Brand Industrial Services, Inc., 8.50%,
07/15/25 (a) 154 135,905
Engility Corp., 8.88%, 09/01/24 176 189,860
frontdoor, Inc., 6.75%, 08/15/26 (a) 158 152,470
ITR Concession Co. LLC, 4.20%, 07/15/25 (a) 4,000 3,630,736
Pisces Midco, Inc., 8.00%, 04/15/26 (a) 56 53,200
SPIE SA, 3.13%, 03/22/24 EUR 100 110,750
SRS Distribution, Inc., 8.25%, 07/01/26 (a)(f) USD 132 124,080
Tutor Perini Corp., 6.88%, 05/01/25 (a) 109 104,640
Weekley Homes LLC/Weekley Finance Corp., 6.63%, 08/15/25 51 47,303
5,252,868
Construction Materials — 0.3%
American Builders & Contractors Supply Co., Inc., 5.88%, 05/15/26 (a) 103 99,781
HD Supply, Inc., 5.38%, 10/15/26 (a) 1,087 1,049,281
Navistar International Corp., 6.63%,
11/01/25 (a) 192 189,842
New Enterprise Stone & Lime Co., Inc., 10.13%,
04/01/22 (a) 108 111,240
PulteGroup, Inc., 6.00%, 02/15/35 27 24,191
Rexel SA, 3.50%, 06/15/23 EUR 100 115,474
Williams Scotsman International, Inc. (a) :
7.88%, 12/15/22 USD 78 78,780
6.88%, 08/15/23 112 110,040
1,778,629
Consumer Discretionary — 0.1%
Blitz F18-674 GmbH, 6.00%, 07/30/26 EUR 100 110,449
Nielsen Co. Luxembourg Sarl, 5.00%,
02/01/25 (a) USD 54 52,650
Staples, Inc., 8.50%, 09/15/25 (a) 204 180,540
Viking Cruises Ltd. (a) :
6.25%, 05/15/25 88 87,120
Security Value
Consumer Discretionary (continued)
Viking Cruises Ltd. (a) (continued):
5.88%, 09/15/27 USD 567 $ 532,980
963,739
Consumer Finance — 1.9%
Ally Financial, Inc.:
5.13%, 09/30/24 284 287,635
8.00%, 11/01/31 935 1,091,799
Capital One Financial Corp., 4.75%, 07/15/21 1,935 1,979,718
Corvias Campus Living USG LLC,
26.86%, 07/01/50 (e) 5,694 5,503,923
Credivalores-Crediservicios SAS,
9.75%, 07/27/22 (a) 200 182,500
Ford Motor Credit Co. LLC, 8.13%, 01/15/20 1,530 1,593,681
Mulhacen Pte Ltd., (6.5% Cash or 7.25% PIK), 6.50%,
08/01/23 (g) EUR 110 118,304
Navient Corp.:
5.00%, 10/26/20 USD 180 178,200
6.63%, 07/26/21 99 99,990
6.50%, 06/15/22 159 159,596
5.50%, 01/25/23 170 160,225
7.25%, 09/25/23 93 93,465
5.88%, 10/25/24 29 26,028
6.75%, 06/25/25 65 60,288
6.75%, 06/15/26 127 114,935
5.63%, 08/01/33 101 75,245
Refinitiv US Holdings, Inc.:
4.50%, 05/15/26 EUR 100 111,795
4.50%, 05/15/26 (a) 245 273,898
6.25%, 05/15/26 (a) USD 149 147,044
8.25%, 11/15/26 (a) 381 362,903
Springleaf Finance Corp.:
6.13%, 05/15/22 50 50,000
5.63%, 03/15/23 6 5,775
6.88%, 03/15/25 112 105,420
7.13%, 03/15/26 239 224,660
Verscend Escrow Corp., 9.75%, 08/15/26 (a) 391 376,337
13,383,364
Containers & Packaging — 0.5%
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc.:
4.63%, 05/15/23 (a) 471 458,047
7.25%, 05/15/24 (a) 481 485,810
4.75%, 07/15/27 GBP 100 118,322
BWAY Holding Co., 5.50%, 04/15/24 (a) USD 503 481,622
Crown Americas LLC/Crown Americas Capital Corp.:
4.75%, 02/01/26 (a) 300 289,140
4.25%, 09/30/26 139 129,270

5

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets)

Security Value
Containers & Packaging (continued)
Intertape Polymer Group,
Inc., 7.00%, 10/15/26 (a) USD 72 $ 72,180
Mercer International, Inc.:
7.75%, 12/01/22 29 30,015
6.50%, 02/01/24 76 75,620
5.50%, 01/15/26 38 34,580
Reynolds Group Issuer, Inc./Reynolds Group Issuer LLC/Reynolds Group Issuer Lu (a) :
5.13%, 07/15/23 154 150,343
7.00%, 07/15/24 472 470,820
Sappi Papier Holding GmbH, 4.00%, 04/01/23 EUR 100 115,220
Sealed Air Corp., 4.88%, 12/01/22 (a) USD 265 264,006
Silgan Holdings, Inc., 3.25%, 03/15/25 EUR 100 113,710
Smurfit Kappa Acquisitions ULC, 2.88%, 01/15/26 100 113,669
Suzano Austria GmbH, 6.00%, 01/15/29 (a) USD 517 522,170
3,924,544
Diversified Consumer Services — 0.3%
APX Group, Inc.:
8.75%, 12/01/20 179 171,393
7.88%, 12/01/22 106 103,549
Ascend Learning LLC, 6.88%, 08/01/25 (a) 190 184,300
Graham Holdings Co., 5.75%, 06/01/26 (a) 124 125,550
Laureate Education, Inc.,
8.25%, 05/01/25 (a) 193 206,027
Matthews International
Corp., 5.25%, 12/01/25 (a) 44 40,920
Prime Security Services Borrower LLC/Prime Finance, Inc., 9.25%, 05/15/23 (a) 627 664,620
ServiceMaster Co. LLC, 5.13%, 11/15/24 (a) 201 193,463
Verisure Holding AB, 3.50%, 05/15/23 EUR 100 111,760
1,801,582
Diversified Financial Services — 3.8%
Ally Financial, Inc., 4.63%, 05/19/22 USD 76 76,000
Banca IFIS SpA, 4.50%, 10/17/27 (c) EUR 100 90,199
Bank of America Corp.:
5.63%, 07/01/20 USD 2,200 2,271,750
3.25%, 10/21/27 (f) 4,000 3,673,644
Controladora Mabe SA de C.V.,
5.60%, 10/23/28 (a) 215 200,756
Docuformas SAPI de C.V.,
9.25%, 10/11/22 (a) 200 175,000
FMR LLC, 4.95%, 02/01/33 (a) 2,300 2,428,811
Security Value
Diversified Financial Services (continued)
FS Energy & Power Fund,
7.50%, 08/15/23 (a) USD 156 $ 152,880
General Electric Co., 6.15%, 08/07/37 2,150 2,054,340
General Motors Financial Co., Inc., 4.25%, 05/15/23 807 786,458
Gilex Holding Sarl, 8.50%, 05/02/23 (a) 182 184,867
HSBC Holdings PLC, (c)(i) 375 353,775
Intercontinental Exchange Group, Inc., 4.00%, 10/15/23 470 478,295
Intesa Sanpaolo SpA, 5.02%, 06/26/24 (a) 3,151 2,763,193
Intrum AB, 2.75%, 07/15/22 EUR 100 105,003
Jefferies Finance LLC/JFIN Co-Issuer Corp., 7.38%, 04/01/20 (a) USD 595 597,231
LHC3 PLC, (4.13% Cash or 4.88% PIK),
4.13%, 08/15/24 (g) EUR 100 109,248
Moody’s Corp., 4.50%, 09/01/22 USD 1,800 1,839,454
MSCI, Inc., 5.25%, 11/15/24 (a) 75 75,188
Northern Trust Corp., 3.95%, 10/30/25 (f) 8,000 8,041,460
Tempo Acquisition LLC/Tempo Acquisition Finance Corp., 6.75%, 06/01/25 (a) 323 305,235
Travelport Corporate Finance PLC,
6.00%, 03/15/26 (a) 123 121,155
UniCredit SpA(5 year EUR Swap + 4.10%), 5.75%, 10/28/25 (h) EUR 107 123,419
Vantiv LLC/Vanity Issuer Corp. (a) :
3.88%, 11/15/25 GBP 100 121,914
4.38%, 11/15/25 USD 200 186,250
WMG Acquisition Corp., 5.50%, 04/15/26 (a) 84 81,480
27,397,005
Diversified Telecommunication Services — 3.5%
AT&T, Inc. (f) :
6.38%, 03/01/41 520 540,965
5.15%, 03/15/42 2,400 2,198,018
4.75%, 05/15/46 2,710 2,332,526
CenturyLink, Inc.:
5.63%, 04/01/25 56 52,360
Series P, 7.60%, 09/15/39 7 5,810
Series S, 6.45%, 06/15/21 268 274,030
Series U, 7.65%, 03/15/42 230 191,141
Series W, 6.75%, 12/01/23 (f) 213 213,532
Series Y, 7.50%, 04/01/24 295 302,744
Cincinnati Bell, Inc., 7.00%, 07/15/24 (a) 201 176,252
Embarq Corp., 8.00%, 06/01/36 277 260,034
Frontier Communications Corp.:
7.13%, 03/15/19 220 219,725
10.50%, 09/15/22 133 106,400
11.00%, 09/15/25 763 537,915

6

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets)

Security Value
Diversified Telecommunication Services (continued)
Level 3 Financing, Inc.:
5.38%, 08/15/22 USD 127 $ 126,683
5.63%, 02/01/23 189 188,906
5.13%, 05/01/23 95 93,931
5.38%, 01/15/24 114 111,890
5.38%, 05/01/25 123 119,771
5.25%, 03/15/26 683 659,436
OTE PLC, 3.50%, 07/09/20 EUR 100 116,460
SoftBank Group Corp.:
(5 year USD ICE Swap + 4.85%), 6.88% (h)(i) USD 215 181,785
4.00%, 04/20/23 EUR 100 116,201
Telecom Italia Capital SA:
6.38%, 11/15/33 USD 124 110,360
6.00%, 09/30/34 255 218,025
7.72%, 06/04/38 48 47,040
Verizon Communications, Inc. (f) :
6.40%, 02/15/38 6,879 7,867,964
6.55%, 09/15/43 6,751 7,790,828
25,160,732
Electric Utilities — 5.9%
AES Corp., 5.50%, 04/15/25 59 59,443
Berkshire Hathaway Energy Co., 6.50%, 09/15/37 5,515 6,699,415
Celeo Redes Operacion Chile SA,
5.20%, 06/22/47 (a) 299 280,632
Cleveland Electric Illuminating Co., 5.95%, 12/15/36 434 479,005
CMS Energy Corp., 5.05%, 03/15/22 1,832 1,912,840
Duke Energy Carolinas LLC:
6.10%, 06/01/37 640 743,308
6.00%, 01/15/38 1,675 1,987,727
4.25%, 12/15/41 750 721,445
Duke Energy Florida LLC, 6.40%, 06/15/38 770 956,525
E.ON International Finance BV,
6.65%, 04/30/38 (a) 3,100 3,555,781
Electricite de France SA,
5.60%, 01/27/40 (a)(f) 2,800 2,846,539
Energuate Trust, 5.88%, 05/03/27 (a) 201 188,942
Eskom Holdings SOC Ltd.,
6.35%, 08/10/28 (a) 401 379,546
Florida Power Corp., 6.35%, 09/15/37 2,775 3,460,910
Jersey Central Power & Light Co., 7.35%, 02/01/19 490 493,468
NextEra Energy Operating Partners LP (a) :
4.25%, 09/15/24 58 54,665
4.50%, 09/15/27 7 6,423
Ohio Power Co., Series D,
6.60%, 03/01/33 (f) 3,000 3,730,140
PacifiCorp, 6.25%, 10/15/37 1,225 1,497,546
Security Value
Electric Utilities (continued)
Pampa Energia SA, 7.50%, 01/24/27 (a) USD 367 $ 320,211
Public Service Co. of Colorado, Series 17,
6.25%, 09/01/37 (f) 2,550 3,188,930
Southern California Edison Co.:
5.63%, 02/01/36 (f) 1,300 1,348,109
Series A, 5.95%, 02/01/38 2,175 2,330,809
Southern Co., 4.40%, 07/01/46 1,000 901,048
Talen Energy Supply LLC, 6.50%, 06/01/25 125 90,312
Virginia Electric & Power Co., Series A, 6.00%, 05/15/37 (f) 3,920 4,547,816
42,781,535
Electrical Equipment — 0.0%
Orano SA, 4.88%, 09/23/24 EUR 50 57,879
Electronic Equipment, Instruments & Components — 0.3%
CDW LLC/CDW Finance Corp.:
5.50%, 12/01/24 USD 258 258,000
5.00%, 09/01/25 436 425,100
Corning, Inc., 4.38%, 11/15/57 2,000 1,613,905
Energizer Gamma Acquisition, Inc.,
6.38%, 07/15/26 (a) 29 27,260
Itron, Inc., 5.00%, 01/15/26 (a) 18 16,751
2,341,016
Energy Equipment & Services — 0.7%
Calfrac Holdings LP, 8.50%, 06/15/26 (a) 101 83,578
CSI Compressco LP/CSI Compressco Finance, Inc., 7.50%, 04/01/25 (a) 254 248,285
Ensco PLC:
5.20%, 03/15/25 206 154,113
7.75%, 02/01/26 84 69,300
Enterprise Products Operating LLC, 6.13%, 10/15/39 1,400 1,517,574
Gates Global LLC/Gates Global Co.,
6.00%, 07/15/22 (a) 563 560,185
Halliburton Co., 5.00%, 11/15/45 500 480,951
McDermott Technology Americas, Inc./McDermott Technology U.S., Inc., 10.63%, 05/01/24 (a) 35 30,013
Oceaneering International, Inc., 4.65%, 11/15/24 28 24,605
Pattern Energy Group, Inc.,
5.88%, 02/01/24 (a) 250 243,125
Pioneer Energy Services Corp., 6.13%, 03/15/22 133 106,067
Precision Drilling Corp., 6.50%, 12/15/21 38 37,963
SESI LLC, 7.75%, 09/15/24 140 124,950
Transocean, Inc.:
5.80%, 10/15/22 275 253,000
9.00%, 07/15/23 (a) 386 395,650
7.50%, 01/15/26 (a) 100 93,000

7

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets)

Security Value
Energy Equipment & Services (continued)
Trinidad Drilling
Ltd., 6.63%, 02/15/25 (a) USD 169 $ 170,082
USA Compression Partners LP/USA Compression Finance Corp., 6.88%, 04/01/26 (a) 198 193,297
Weatherford International Ltd.:
7.75%, 06/15/21 262 214,840
6.50%, 08/01/36 75 42,750
5.95%, 04/15/42 95 53,200
5,096,528
Environmental, Maintenance, & Security Service — 0.1%
Hulk Finance Corp., 7.00%, 06/01/26 (a) 92 82,340
Tervita Escrow Corp., 7.63%, 12/01/21 (a) 237 232,260
Waste Pro USA, Inc., 5.50%, 02/15/26 (a) 80 73,600
388,200
Equity Real Estate Investment Trusts (REITs) — 1.2%
ERP Operating LP, 4.50%, 06/01/45 1,155 1,117,512
Five Point Operating Co. LP/Five Point Capital Corp., 7.88%, 11/15/25 (a) 102 100,342
GEO Group, Inc.:
5.13%, 04/01/23 105 94,762
5.88%, 10/15/24 128 115,200
6.00%, 04/15/26 20 17,750
HCP, Inc., 4.00%, 06/01/25 (f) 2,000 1,940,588
Hilton Domestic Operating Co., Inc.:
4.25%, 09/01/24 127 121,114
5.13%, 05/01/26 (a) 304 297,160
Hilton Worldwide Finance LLC/Hilton Worldwide Finance Corp., 4.63%, 04/01/25 18 17,370
iStar, Inc.:
4.63%, 09/15/20 25 24,781
6.00%, 04/01/22 48 47,354
5.25%, 09/15/22 17 16,235
MGM Growth Properties Operating Partnership LP/MGP Finance Co-Issuer, Inc.:
5.63%, 05/01/24 829 837,166
4.50%, 09/01/26 360 331,891
4.50%, 01/15/28 225 198,562
MPT Operating Partnership LP/MPT Finance Corp.:
6.38%, 03/01/24 26 26,910
5.50%, 05/01/24 30 30,225
5.00%, 10/15/27 335 318,250
NH Hotel Group SA, 3.75%, 10/01/23 EUR 128 147,995
Simon Property Group LP, 4.75%, 03/15/42 USD 1,670 1,665,512
Security Value
Equity Real Estate Investment Trusts (REITs) (continued)
Starwood Property Trust, Inc., 5.00%, 12/15/21 USD 115 $ 114,842
Trust F/1401, 6.95%, 01/30/44 476 446,255
Ventas Realty LP, 4.13%, 01/15/26 870 850,703
VICI Properties 1 LLC/VICI FC, Inc., 8.00%, 10/15/23 100 108,859
8,987,338
Food & Staples Retailing — 0.2%
Albertsons Cos. LLC/Safeway, Inc./New Albertson’s, Inc./Albertson’s LLC:
6.63%, 06/15/24 59 56,861
5.75%, 03/15/25 68 60,690
Casino Guichard Perrachon SA, 4.56%, 01/25/23 EUR 100 105,575
Rite Aid Corp., 6.13%, 04/01/23 (a) USD 66 56,760
Walgreens Boots Alliance, Inc., 4.80%, 11/18/44 1,000 917,741
1,197,627
Food Products — 0.5%
Aramark Services, Inc.:
5.00%, 04/01/25 (a) 95 94,546
4.75%, 06/01/26 151 143,828
5.00%, 02/01/28 (a) 230 218,500
Arcor SAIC, 6.00%, 07/06/23 (a) 228 213,517
Chobani LLC/Chobani Finance Corp.,
Inc., 7.50%, 04/15/25 (a) 146 119,720
JBS USA LUX SA/JBS USA Finance, Inc. (a) :
5.88%, 07/15/24 344 337,980
5.75%, 06/15/25 742 717,885
6.75%, 02/15/28 223 216,310
MARB BondCo PLC, 7.00%, 03/15/24 200 188,750
Marfrig Holdings Europe BV,
8.00%, 06/08/23 (a) 222 223,942
Minerva Luxembourg SA, 6.50%, 09/20/26 (a) 222 202,298
Post Holdings, Inc. (a) :
5.50%, 03/01/25 230 219,362
5.75%, 03/01/27 258 241,875
Simmons Foods, Inc., 7.75%, 01/15/24 (a) 123 125,460
3,263,973
Health Care Equipment & Supplies — 0.4%
Avantor, Inc. (a) :
6.00%, 10/01/24 983 974,399
9.00%, 10/01/25 394 399,417
DJO Finance LLC/DJO Finance Corp.,
8.13%, 06/15/21 (a) 506 524,975
Immucor, Inc., 11.13%, 02/15/22 (a) 60 61,200

8

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets)

Security Value
Health Care Equipment & Supplies (continued)
Mallinckrodt International Finance SA/Mallinckrodt
CB LLC (a ) :
5.75%, 08/01/22 USD 47 $ 42,841
5.63%, 10/15/23 71 60,705
Ortho-Clinical Diagnostics, Inc./Ortho-Clinical Diagnostics SA, 6.63%, 05/15/22 (a) 923 888,387
Teleflex, Inc., 5.25%, 06/15/24 170 170,850
3,122,774
Health Care Providers & Services — 1.5%
Acadia Healthcare Co., Inc.:
5.63%, 02/15/23 96 94,400
6.50%, 03/01/24 316 309,680
Aetna, Inc., 4.50%, 05/15/42 575 523,336
AHP Health Partners, Inc.,
9.75%, 07/15/26 (a) 84 83,790
Centene Corp.:
6.13%, 02/15/24 359 373,324
5.38%, 06/01/26 (a) 1,032 1,038,450
CHS/Community Health Systems, Inc.,
8.63%, 01/15/24 (a) 252 256,095
DaVita, Inc., 5.13%, 07/15/24 142 136,497
Eagle Holding Co. II LLC, (7.63% Cash or 8.38% PIK), 7.63%, 05/15/22 (a)(g) 125 124,844
Encompass Health Corp., 5.75%, 11/01/24 26 25,870
HCA, Inc.:
4.75%, 05/01/23 12 12,000
5.00%, 03/15/24 570 571,425
5.38%, 02/01/25 84 84,525
5.25%, 04/15/25 886 894,860
5.25%, 06/15/26 323 325,422
5.38%, 09/01/26 301 297,990
5.63%, 09/01/28 248 243,970
5.50%, 06/15/47 760 731,500
MEDNAX, Inc., 5.25%, 12/01/23 (a) 90 88,875
Molina Healthcare,
Inc., 4.88%, 06/15/25 (a) 71 66,918
MPH Acquisition Holdings LLC,
7.13%, 06/01/24 (a) 273 272,317
Northwell Healthcare, Inc., 4.26%, 11/01/47 725 662,572
NVA Holdings, Inc., 6.88%, 04/01/26 (a) 133 126,849
Polaris Intermediate Corp., (8.50% Cash),
8.50%, 12/01/22 (a)(g) 608 604,960
RegionalCare Hospital Partners Holdings, Inc., 8.25%, 05/01/23 (a) 123 128,304
Sotera Health Holdings
LLC, 6.50%, 05/15/23 (a) 137 134,945
Surgery Center Holdings, Inc. (a) :
8.88%, 04/15/21 98 99,470
6.75%, 07/01/25 (f) 183 169,504
Security Value
Health Care Providers & Services (continued)
Team Health Holdings,
Inc., 6.38%, 02/01/25 (a)(f) USD 267 $ 220,275
Tenet Healthcare Corp.:
7.50%, 01/01/22 (a) 118 122,425
8.13%, 04/01/22 822 854,880
6.75%, 06/15/23 105 103,687
4.63%, 07/15/24 744 709,590
Vizient, Inc., 10.38%, 03/01/24 (a) 228 247,950
WellCare Health Plans, Inc.:
5.25%, 04/01/25 93 92,186
5.38%, 08/15/26 (a) 189 187,617
11,021,302
Health Care Technology — 0.0%
Change Healthcare Holdings LLC/Change Healthcare Finance, Inc., 5.75%, 03/01/25 (a) 146 141,072
IQVIA, Inc., 3.25%, 03/15/25 (a) EUR 100 111,508
252,580
Hotels, Restaurants & Leisure — 2.0%
1011778 BC ULC/New Red Finance, Inc.,
5.00%, 10/15/25 (a) USD 1,098 1,032,340
Arcos Dorados Holdings,
Inc., 5.88%, 04/04/27 (a) 257 235,502
Boyd Gaming Corp., 6.00%, 08/15/26 116 112,230
Boyne USA, Inc., 7.25%, 05/01/25 (a) 57 59,280
Caesars Resort Collection LLC/CRC Finco, Inc., 5.25%, 10/15/25 (a) 119 109,182
Churchill Downs, Inc., 4.75%, 01/15/28 (a) 48 43,680
CPUK Finance Ltd., 4.25%, 02/28/47 GBP 100 124,765
Eldorado Resorts, Inc.:
6.00%, 04/01/25 USD 67 65,325
6.00%, 09/15/26 (a) 70 67,725
ESH Hospitality, Inc., 5.25%, 05/01/25 (a) 142 135,787
GLP Capital LP/GLP Financing II, Inc.:
5.38%, 11/01/23 90 91,209
5.25%, 06/01/25 36 35,766
Golden Nugget, Inc., 6.75%, 10/15/24 (a) 328 322,260
Hilton Worldwide Finance LLC/Hilton Worldwide Finance Corp., 4.88%, 04/01/27 2 1,908
International Game Technology PLC, 4.75%, 02/15/23 EUR 100 120,201
IRB Holding Corp., 6.75%, 02/15/26 (a) USD 50 46,125
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell of America
LLC (a) :
5.25%, 06/01/26 73 71,585
4.75%, 06/01/27 88 82,482

9

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets)

Security Value
Hotels, Restaurants & Leisure (continued)
Melco Resorts Finance
Ltd., 4.88%, 06/06/25 (a) USD 250 $ 221,979
MGM Resorts International:
6.63%, 12/15/21 674 706,015
7.75%, 03/15/22 221 237,575
4.63%, 09/01/26 12 10,905
New Red Finance, Inc., 4.25%, 05/15/24 (a) 171 161,595
Sabre GLBL, Inc. (a) :
5.38%, 04/15/23 62 61,690
5.25%, 11/15/23 133 132,002
Scientific Games International, Inc.:
10.00%, 12/01/22 305 316,026
5.00%, 10/15/25 (a) 320 299,568
3.38%, 02/15/26 EUR 100 105,002
Six Flags Entertainment Corp.,
4.88%, 07/31/24 (a) USD 294 281,505
Stars Group Holdings BV/Stars Group US Co-Borrower LLC,
7.00%, 07/15/26 (a) 108 107,595
Station Casinos LLC, 5.00%, 10/01/25 (a) 79 72,186
Unique Pub Finance Co. PLC:
Series A3, 6.54%, 03/30/21 GBP 1,473 1,951,549
Series A4, 5.66%, 06/30/27 979 1,360,147
Series M, 7.40%, 03/28/24 3,000 4,178,780
Series N, 6.46%, 03/30/32 821 994,135
Vue International Bidco PLC, 7.88%, 07/15/20 100 127,384
Wyndham Destinations, Inc.:
5.40%, 04/01/24 USD 6 5,860
5.75%, 04/01/27 44 40,594
Wyndham Hotels & Resorts, Inc.,
5.38%, 04/15/26 (a) 76 73,150
Wynn Macau Ltd., 5.50%, 10/01/27 (a) 400 354,000
Yum! Brands, Inc.:
3.88%, 11/01/23 27 25,650
5.35%, 11/01/43 4 3,450
14,585,694
Household Durables — 0.3%
Algeco Scotsman Global Finance PLC,
8.00%, 02/15/23 (a) 600 588,000
Century Communities, Inc., 6.88%, 05/15/22 289 289,578
K Hovnanian Enterprises, Inc.,
10.00%, 07/15/22 (a) 143 132,275
Lennar Corp.:
6.25%, 12/15/21 196 202,370
4.88%, 12/15/23 85 83,087
4.75%, 05/30/25 90 85,387
5.25%, 06/01/26 38 36,385
Security Value
Household Durables (continued)
Lennar Corp. (continued):
4.75%, 11/29/27 USD 185 $ 170,200
Mattamy Group Corp. (a) :
6.88%, 12/15/23 94 90,240
6.50%, 10/01/25 96 90,120
MDC Holdings, Inc., 6.00%, 01/15/43 72 55,890
Meritage Homes Corp., 5.13%, 06/06/27 52 45,760
PulteGroup, Inc., 6.38%, 05/15/33 216 198,180
Tempur Sealy International, Inc.:
5.63%, 10/15/23 2 1,965
5.50%, 06/15/26 67 63,148
TRI Pointe Group, Inc.:
4.88%, 07/01/21 73 70,445
5.25%, 06/01/27 28 22,750
TRI Pointe Group, Inc./TRI Pointe Homes, Inc., 4.38%, 06/15/19 10 9,947
2,235,727
Household Products — 0.0%
ACCO Brands Corp., 5.25%, 12/15/24 (a) 59 54,427
Independent Power and Renewable Electricity Producers — 0.5%
AES Corp.:
6.00%, 05/15/26 240 247,200
5.13%, 09/01/27 200 197,000
Calpine Corp.:
5.38%, 01/15/23 249 235,928
5.88%, 01/15/24 (a) 120 120,000
5.75%, 01/15/25 100 92,000
5.25%, 06/01/26 (a) 581 540,330
Clearway Energy Operating LLC:
5.38%, 08/15/24 144 136,440
5.75%, 10/15/25 (a) 121 116,463
Colbun SA, 3.95%, 10/11/27 (a) 200 182,335
Genneia SA, 8.75%, 01/20/22 (a) 370 345,950
NRG Energy, Inc.:
6.63%, 01/15/27 681 693,714
5.75%, 01/15/28 42 40,950
TerraForm Power Operating LLC (a) :
4.25%, 01/31/23 63 59,850
6.63%, 06/15/25 (j) 15 15,450
5.00%, 01/31/28 128 114,598
Vistra Energy Corp., 7.63%, 11/01/24 76 80,750
3,218,958
Industrial Conglomerates — 0.2%
Apergy Corp., 6.38%, 05/01/26 (a) 72 71,280
BWX Technologies, Inc., 5.38%, 07/15/26 (a) 109 105,730
General Electric Co., 6.88%, 01/10/39 135 138,102
Smiths Group PLC, 3.63%, 10/12/22 (a) 360 355,079

10

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets)

Security Value
Industrial Conglomerates (continued)
Vertiv Group Corp., 9.25%, 10/15/24 (a) USD 390 $ 378,300
1,048,491
Insurance — 2.6%
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer, 8.25%, 08/01/23 (a) 645 655,888
Allied World Assurance Co. Holdings Ltd., 4.35%, 10/29/25 1,495 1,446,008
American International Group, Inc., 3.75%, 07/10/25 3,380 3,194,864
AmWINS Group, Inc., 7.75%, 07/01/26 (a) 114 113,430
Aon PLC:
3.88%, 12/15/25 1,445 1,408,797
4.60%, 06/14/44 500 460,787
Assicurazioni Generali SpA(3 mo. Euribor + 7.11%), 7.75%, 12/12/42 (h) EUR 100 127,936
AssuredPartners, Inc., 7.00%, 08/15/25 (a) USD 10 9,438
AXA SA(3 mo. Euribor + 3.05%),
5.25%, 04/16/40 (h) EUR 500 597,741
Caisse Nationale de Reassurance Mutuelle Agricole Groupama, 6.00%, 01/23/27 100 126,908
Five Corners Funding Trust,
4.42%, 11/15/23 (a) USD 2,050 2,086,409
Hartford Financial Services Group, Inc., 5.13%, 04/15/22 1,860 1,938,434
HUB International Ltd., 7.00%, 05/01/26 (a) 240 228,600
Liberty Mutual Group, Inc.,
6.50%, 05/01/42 (a) 2,000 2,331,366
Muenchener Rueckversicherungs AG(3 mo. Euribor + 3.50%), 6.00%, 05/26/41 (h) EUR 400 506,573
Nationstar Mortgage Holdings, Inc. (a) :
8.13%, 07/15/23 USD 164 165,640
9.13%, 07/15/26 111 112,318
Nationwide Building Society, 4.13%,
10/18/32 (a)(c) 720 630,999
Prudential Financial, Inc.:
5.90%, 03/17/36 500 553,878
5.70%, 12/14/36 (f) 1,625 1,780,767
Teachers Insurance & Annuity Association of America, 4.27%, 05/15/47 (a) 700 656,486
Security Value
Insurance (continued)
USIS Merger Sub, Inc., 6.88%, 05/01/25 (a) USD 41 $ 38,950
19,172,217
Internet Software & Services — 0.2%
Equinix, Inc.:
2.88%, 03/15/24 (d) EUR 100 113,736
5.88%, 01/15/26 USD 591 599,865
Netflix, Inc.:
4.38%, 11/15/26 149 137,098
5.88%, 11/15/28 (a) 255 251,405
Rackspace Hosting, Inc., 8.63%, 11/15/24 (a)(f) 99 83,655
Symantec Corp., 5.00%, 04/15/25 (a) 124 119,999
Uber Technologies, Inc.,
7.50%, 11/01/23 (a) 74 72,335
United Group BV, 4.38%, 07/01/22 EUR 126 141,515
1,519,608
IT Services — 0.6%
Banff Merger Sub, Inc.:
8.38%, 09/01/26 100 109,791
9.75%, 09/01/26 (a) USD 767 721,939
Fidelity National Information Services, Inc., 4.50%, 08/15/46 1,000 892,610
First Data Corp. (a) :
7.00%, 12/01/23 491 508,185
5.00%, 01/15/24 220 216,964
5.75%, 01/15/24 1,236 1,240,635
Gartner, Inc., 5.13%, 04/01/25 (a) 209 206,126
InterXion Holding NV, 4.75%, 06/15/25 EUR 100 116,552
WEX, Inc., 4.75%, 02/01/23 (a) USD 105 103,708
4,116,510
Leisure Products — 0.0%
Mattel, Inc.:
6.75%, 12/31/25 (a) 232 218,660
6.20%, 10/01/40 48 37,680
5.45%, 11/01/41 28 21,840
278,180
Life Sciences Tools & Services — 0.2%
Thermo Fisher Scientific, Inc., 5.30%, 02/01/44 1,000 1,064,649
Machinery — 0.2%
Mueller Water Products,
Inc., 5.50%, 06/15/26 (a) 102 100,980
Platin 1426 GmbH, 5.38%, 06/15/23 EUR 100 106,197
RBS Global, Inc./Rexnord LLC,
4.88%, 12/15/25 (a) USD 390 370,012
SPX FLOW, Inc. (a) :
5.63%, 08/15/24 103 99,395

11

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets)

Security Value
Machinery (continued)
SPX FLOW, Inc. (a) (continued):
5.88%, 08/15/26 USD 75 $ 71,625
Terex Corp., 5.63%, 02/01/25 (a) 365 335,910
Titan Acquisition Ltd./Titan Co-Borrower LLC, 7.75%, 04/15/26 (a) 384 314,880
Wabash National Corp., 5.50%, 10/01/25 (a) 176 156,640
1,555,639
Media — 5.6%
21st Century Fox America, Inc., 7.63%, 11/30/28 385 489,505
Altice Financing SA (a) :
6.63%, 02/15/23 200 197,500
7.50%, 05/15/26 392 368,480
Altice France SA (a) :
7.38%, 05/01/26 906 869,760
8.13%, 02/01/27 512 501,760
Altice Luxembourg SA,
7.75%, 05/15/22 (a)(f) 642 611,505
AMC Networks, Inc., 4.75%, 08/01/25 180 167,407
Cablevision SA, 6.50%, 06/15/21 (a) 222 216,173
Cablevision Systems Corp., 8.00%, 04/15/20 325 338,000
CBS Radio, Inc., 7.25%, 11/01/24 (a) 10 9,575
CCO Holdings LLC/CCO Holdings Capital Corp. (a) :
5.13%, 05/01/23 73 72,544
5.13%, 05/01/27 1,273 1,206,167
5.00%, 02/01/28 598 556,887
Charter Communications Operating LLC/Charter Communications Operating Capital, 4.91%, 07/23/25 4,700 4,667,629
Clear Channel International BV, 8.75%,
12/15/20 (a) 317 324,132
Clear Channel Worldwide Holdings, Inc.:
6.50%, 11/15/22 1,581 1,598,488
Series B, 7.63%, 03/15/20 443 442,446
Comcast Cable Communications Holdings, Inc., 9.46%, 11/15/22 2,600 3,147,677
Comcast Corp.:
6.45%, 03/15/37 790 924,157
4.60%, 08/15/45 2,000 1,923,832
4.70%, 10/15/48 3,000 2,921,141
CSC Holdings LLC:
6.75%, 11/15/21 137 143,508
10.13%, 01/15/23 (a) 990 1,071,774
5.38%, 07/15/23 (a) 340 337,450
5.25%, 06/01/24 418 397,100
7.75%, 07/15/25 (a) 360 377,093
6.63%, 10/15/25 (a) 200 207,976
Security Value
Media (continued)
CSC Holdings LLC (continued):
10.88%, 10/15/25 (a) USD 964 $ 1,111,010
5.50%, 05/15/26 (a) 759 735,044
7.50%, 04/01/28 (a) 342 352,253
Series 144S, 5.13%, 12/15/21 (a) 321 319,796
Discovery Communications LLC:
3.25%, 04/01/23 1,850 1,776,402
3.45%, 03/15/25 210 195,606
DISH DBS Corp.:
6.75%, 06/01/21 425 431,906
5.88%, 07/15/22 619 590,371
5.00%, 03/15/23 284 248,500
5.88%, 11/15/24 36 30,600
DKT Finance ApS, 7.00%, 06/17/23 EUR 142 170,998
eircom Finance DAC, 4.50%, 05/31/22 100 115,078
Gray Escrow, Inc., 7.00%, 05/15/27 (a) USD 144 146,174
Hughes Satellite Systems Corp.:
7.63%, 06/15/21 64 66,941
5.25%, 08/01/26 214 199,555
Inmarsat Finance PLC, 4.88%, 05/15/22 (a) 200 192,500
Intelsat Jackson Holdings SA:
5.50%, 08/01/23 440 388,300
8.50%, 10/15/24 (a) 635 628,713
9.75%, 07/15/25 (a) 608 627,760
Interpublic Group of Cos., Inc., 3.75%, 02/15/23 2,000 1,982,150
Level 3 Parent LLC, 5.75%, 12/01/22 222 222,000
MDC Partners, Inc., 6.50%, 05/01/24 (a) 228 193,800
Meredith Corp., 6.88%, 02/01/26 (a) 110 112,475
Midcontinent Communications/Midcontinent Finance Corp., 6.88%, 08/15/23 (a) 148 153,180
Nielsen Finance LLC/Nielsen Finance Co.,
5.00%, 04/15/22 (a) 238 232,740
Qualitytech LP/QTS Finance Corp.,
4.75%, 11/15/25 (a) 104 98,540
Radiate Holdco LLC/Radiate Finance, Inc.,
6.88%, 02/15/23 (a) 43 40,205
Sirius XM Radio, Inc., 5.00%, 08/01/27 (a) 162 152,280
TCI Communications, Inc.,
7.88%, 02/15/26 (f) 610 740,672
TEGNA, Inc., 5.50%, 09/15/24 (a) 45 45,113
Telenet Finance Luxembourg Notes Sarl,
5.50%, 03/01/28 (a) 200 183,000
Telenet Finance VI Luxembourg SCA, 4.88%, 07/15/27 EUR 90 109,051
Telesat Canada/Telesat LLC,
8.88%, 11/15/24 (a) USD 167 178,273
Time Warner, Inc., 6.10%, 07/15/40 830 838,321
Tribune Media Co., 5.88%, 07/15/22 186 188,325

12

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets)

Security Value
Media (continued)
Univision Communications, Inc. (a) :
5.13%, 05/15/23 USD 182 $ 170,398
5.13%, 02/15/25 52 47,430
UPCB Finance IV Ltd., 4.00%, 01/15/27 EUR 90 104,419
Viacom, Inc., 5.85%, 09/01/43 USD 645 639,451
Videotron Ltd., 5.13%, 04/15/27 (a) 222 210,345
Virgin Media Finance PLC,
5.75%, 01/15/25 (a) 515 489,250
Virgin Media Receivables Financing Notes I DAC, 5.50%, 09/15/24 GBP 100 123,123
Virgin Media Secured Finance PLC:
5.25%, 01/15/26 (a) USD 303 283,684
4.88%, 01/15/27 GBP 100 121,755
Ziggo Bond Co. BV:
7.13%, 05/15/24 EUR 100 119,363
5.88%, 01/15/25 (a) USD 260 237,089
Ziggo BV, 5.50%, 01/15/27 (a) 150 139,688
40,573,293
Metals & Mining — 1.0%
Alcoa Nederland Holding BV, 6.13%,
05/15/28 (a) 200 195,000
Big River Steel LLC/BRS Finance Corp., 7.25%,
09/01/25 (a) 121 123,420
Cleveland-Cliffs, Inc., 4.88%, 01/15/24 (a) 131 122,485
Constellium NV (a) :
5.75%, 05/15/24 1,082 1,011,670
5.88%, 02/15/26 269 244,118
Freeport-McMoRan, Inc.:
4.00%, 11/14/21 121 117,824
3.55%, 03/01/22 430 409,037
3.88%, 03/15/23 898 836,262
4.55%, 11/14/24 100 92,875
5.40%, 11/14/34 245 205,800
5.45%, 03/15/43 738 603,315
Grinding Media, Inc./Moly-Cop AltaSteel Ltd., 7.38%, 12/15/23 (a) 389 389,972
Joseph T Ryerson & Son, Inc., 11.00%,
05/15/22 (a) 115 122,475
Novelis Corp. (a) :
6.25%, 08/15/24 500 495,000
5.88%, 09/30/26 322 300,265
Rio Tinto Finance USA PLC, 4.75%, 03/22/42 400 410,823
Steel Dynamics, Inc.:
5.25%, 04/15/23 40 39,950
5.50%, 10/01/24 48 47,880
4.13%, 09/15/25 142 130,995
SunCoke Energy Partners LP/SunCoke Energy Partners Finance Corp., 7.50%, 06/15/25 (a) 193 189,623
Security Value
Metals & Mining (continued)
Teck Resources Ltd.:
5.20%, 03/01/42 USD 312 $ 274,984
5.40%, 02/01/43 96 85,440
United States Steel Corp.:
6.88%, 08/15/25 120 113,336
6.25%, 03/15/26 146 133,498
Vale Overseas Ltd., 6.25%, 08/10/26 237 252,998
VM Holdings SA, 5.38%, 05/04/27 (a) 299 287,788
7,236,833
Multi-Utilities — 0.0%
Superior Plus LP/Superior General Partner, Inc., 7.00%, 07/15/26 (a) 187 184,195
Offshore Drilling & Other Services — 0.0%
Entegris, Inc., 4.63%, 02/10/26 (a) 135 124,928
Oil, Gas & Consumable Fuels — 7.1%
Anadarko Petroleum Corp., 5.55%, 03/15/26 1,500 1,555,626
Andeavor Logistics LP/Tesoro Logistics Finance Corp., 4.25%, 12/01/27 250 232,844
Antero Midstream Partners LP/Antero Midstream Finance Corp., 5.38%, 09/15/24 35 34,132
Antero Resources Corp.:
5.13%, 12/01/22 52 50,960
5.63%, 06/01/23 71 70,468
5.00%, 03/01/25 266 252,700
Ascent Resources Utica Holdings LLC/ARU Finance
Corp. (a) :
10.00%, 04/01/22 90 95,175
7.00%, 11/01/26 120 112,500
Berry Petroleum Co. LLC, 7.00%, 02/15/26 (a) 175 166,246
Bruin E&P Partners LLC, 8.88%, 08/01/23 (a) 277 257,610
California Resources Corp., 8.00%, 12/15/22 (a) 281 215,316
Callon Petroleum Co.:
6.13%, 10/01/24 144 138,960
Series WI, 6.38%, 07/01/26 46 44,275
Carrizo Oil & Gas, Inc.:
6.25%, 04/15/23 133 126,682
8.25%, 07/15/25 169 171,957
Cenovus Energy, Inc., 4.25%, 04/15/27 400 356,613
Chaparral Energy, Inc., 8.75%, 07/15/23 (a) 164 154,980
Cheniere Corpus Christi Holdings LLC:
7.00%, 06/30/24 378 407,295
5.88%, 03/31/25 179 184,370
5.13%, 06/30/27 360 348,750
Cheniere Energy Partners LP, Series WI, 5.25%, 10/01/25 70 68,163

13

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets)

Security Value
Oil, Gas & Consumable Fuels (continued)
Chesapeake Energy Corp.:
6.63%, 08/15/20 USD 92 $ 92,230
4.88%, 04/15/22 14 13,020
7.00%, 10/01/24 464 431,520
8.00%, 01/15/25 139 133,787
7.50%, 10/01/26 104 96,460
8.00%, 06/15/27 403 382,850
Cia Latinoamericana de Infraestructura & Servicios SA, 9.50%, 07/20/23 (a) 370 242,905
Citgo Holding, Inc., 10.75%, 02/15/20 (a) 95 98,088
CNX Resources Corp., 5.88%, 04/15/22 1,099 1,075,646
Comstock Escrow Corp., 9.75%, 08/15/26 (a) 125 113,750
ConocoPhillips Canada Funding Co., 5.95%, 10/15/36 685 781,611
ConocoPhillips Co., 6.50%, 02/01/39 600 732,174
CONSOL Energy, Inc., 11.00%, 11/15/25 (a) 286 319,605
Covey Park Energy LLC/Covey Park Finance Corp., 7.50%, 05/15/25 (a) 183 172,935
Crestwood Midstream Partners LP/Crestwood Midstream Finance Corp., 6.25%, 04/01/23 20 19,850
CrownRock LP/CrownRock Finance, Inc., 5.63%,
10/15/25 (a) 525 490,875
DCP Midstream Operating LP:
4.75%, 09/30/21 (a) 55 54,863
5.38%, 07/15/25 56 56,070
6.45%, 11/03/36 (a) 145 145,000
6.75%, 09/15/37 (a) 211 212,582
DEA Finance SA, 7.50%, 10/15/22 EUR 100 118,598
Denbury Resources, Inc. (a) :
9.25%, 03/31/22 USD 248 247,380
7.50%, 02/15/24 80 70,700
Devon Energy Corp., 5.85%, 12/15/25 1,000 1,045,305
Diamond Offshore Drilling, Inc.:
7.88%, 08/15/25 112 99,960
5.70%, 10/15/39 18 11,520
4.88%, 11/01/43 164 96,760
Diamondback Energy, Inc.:
4.75%, 11/01/24 183 177,739
4.75%, 11/01/24 (a) 18 17,483
5.38%, 05/31/25 145 143,369
Enbridge, Inc., 6.25%, 03/01/78 (c)(d) 1,935 1,717,505
Endeavor Energy Resources LP/EER Finance,
Inc. (a) :
5.50%, 01/30/26 201 206,527
5.75%, 01/30/28 136 139,740
Energy Transfer Partners LP:
4.75%, 01/15/26 1,250 1,211,563
4.05%, 03/15/25 500 470,797
5.30%, 04/15/47 540 469,115
Security Value
Oil, Gas & Consumable Fuels (continued)
EnLink Midstream Partners LP:
4.40%, 04/01/24 USD 144 $ 137,377
4.15%, 06/01/25 14 12,671
4.85%, 07/15/26 130 118,665
5.05%, 04/01/45 45 34,210
5.45%, 06/01/47 125 99,707
Ensco Jersey Finance Ltd., 3.00%, 01/31/24 (k) 458 361,111
Ensco PLC, 5.75%, 10/01/44 2 1,230
EOG Resources, Inc., 5.10%, 01/15/36 200 213,753
EP Energy LLC/Everest Acquisition Finance, Inc.:
9.38%, 05/01/20 6 5,580
9.38%, 05/01/24 (a) 277 152,350
7.75%, 05/15/26 (a) 298 286,825
Extraction Oil & Gas, Inc. (a) :
7.38%, 05/15/24 63 55,440
5.63%, 02/01/26 279 217,620
Frontera Energy Corp., 9.70%, 06/25/23 (a) 384 387,840
Genesis Energy LP/Genesis Energy Finance Corp.:
6.50%, 10/01/25 59 53,395
6.25%, 05/15/26 112 98,560
GNL Quintero SA, 4.63%, 07/31/29 (a) 200 191,500
Great Western Petroleum LLC/Great Western Finance, Inc., 9.00%, 09/30/21 (a) 396 364,320
Gulfport Energy Corp.:
6.63%, 05/01/23 100 97,000
6.38%, 01/15/26 12 10,710
Halcon Resources Corp., 6.75%, 02/15/25 254 194,945
Hess Corp., 4.30%, 04/01/27 1,100 1,005,473
Hess Infrastructure Partners LP/Hess Infrastructure Partners Finance Corp., 5.63%, 02/15/26 (a) 158 153,260
Impulsora Pipeline LLC, 26.86%, 12/31/42 (e) 1,800 1,758,644
Jagged Peak Energy LLC, 5.88%, 05/01/26 (a) 10 9,575
KeySpan Gas East Corp., 5.82%, 04/01/41 (a)(f) 1,010 1,162,730
Kinder Morgan, Inc.:
4.30%, 06/01/25 1,750 1,708,990
5.05%, 02/15/46 1,750 1,573,285
Magnolia Oil & Gas Operating LLC/Magnolia Oil & Gas Finance Corp., 6.00%, 08/01/26 (a) 67 64,823
Marathon Petroleum Corp.,
6.50%, 03/01/41 (f) 2,049 2,231,248

14

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets)

Security Value
Oil, Gas & Consumable Fuels (continued)
Matador Resources Co., 5.88%, 09/15/26 (a) USD 267 $ 253,650
MEG Energy Corp. (a) :
6.38%, 01/30/23 78 72,735
6.50%, 01/15/25 304 310,080
MidAmerican Energy Co., 5.80%, 10/15/36 (f) 1,500 1,758,826
MidAmerican Energy Holdings Co., 5.95%, 05/15/37 1,750 2,028,350
Nabors Industries, Inc., 5.75%, 02/01/25 110 89,237
New Enterprise Stone & Lime Co., Inc., 6.25%, 03/15/26 (a) 53 48,893
Newfield Exploration Co., 5.38%, 01/01/26 122 121,542
NGPL PipeCo LLC (a) :
4.88%, 08/15/27 165 157,575
7.77%, 12/15/37 227 261,050
Noble Holding International Ltd.:
7.75%, 01/15/24 138 120,750
7.88%, 02/01/26 (a) 533 497,022
5.25%, 03/15/42 84 53,760
Northern Oil and Gas, Inc., (8.75% Cash or 1.00% PIK), 9.50%, 05/15/23 (a)(g) 173 169,972
Pacific Drilling First Lien Escrow Issuer Ltd., 8.38%, 10/01/23 426 419,610
Parsley Energy LLC/Parsley Finance Corp. (a) :
6.25%, 06/01/24 48 47,880
5.38%, 01/15/25 144 137,880
5.25%, 08/15/25 52 49,140
5.63%, 10/15/27 263 249,850
PBF Holding Co. LLC/ PBF Finance Corp., 7.25%, 06/15/25 143 141,927
PDC Energy, Inc.:
1.13%, 09/15/21 (k) 548 503,770
6.13%, 09/15/24 24 23,040
5.75%, 05/15/26 103 96,048
Petrobras Global Finance BV:
5.30%, 01/27/25 208 196,227
8.75%, 05/23/26 222 249,306
6.00%, 01/27/28 239 224,457
Petroleos Mexicanos:
5.38%, 03/13/22 27 26,405
6.50%, 03/13/27 148 138,454
5.35%, 02/12/28 (a) 35 30,163
QEP Resources, Inc.:
6.88%, 03/01/21 26 27,268
5.38%, 10/01/22 315 313,425
5.25%, 05/01/23 10 9,550
5.63%, 03/01/26 333 305,111
Range Resources Corp.:
5.88%, 07/01/22 148 146,150
5.00%, 03/15/23 33 31,123
Security Value
Oil, Gas & Consumable Fuels (continued)
Range Resources Corp. (continued):
4.88%, 05/15/25 USD 116 $ 104,980
Resolute Energy Corp., 8.50%, 05/01/20 279 281,232
Rowan Cos., Inc., 4.88%, 06/01/22 148 133,200
Sabine Pass Liquefaction LLC, 5.88%, 06/30/26 1,750 1,842,159
Sanchez Energy Corp.:
7.75%, 06/15/21 811 237,217
7.25%, 02/15/23 (a) 84 71,820
SESI LLC, 7.13%, 12/15/21 60 56,700
Seven Generations Energy Ltd. (a) :
6.88%, 06/30/23 197 197,000
5.38%, 09/30/25 28 26,040
SM Energy Co.:
5.00%, 01/15/24 144 133,740
5.63%, 06/01/25 (f) 160 146,800
6.75%, 09/15/26 20 19,200
6.63%, 01/15/27 15 14,325
Southwestern Energy Co.:
6.20%, 01/23/25 148 141,895
7.50%, 04/01/26 79 79,593
7.75%, 10/01/27 224 226,509
Suncor Energy, Inc., 6.50%, 06/15/38 1,000 1,136,522
Sunoco Logistics Partners Operations LP, 3.90%, 07/15/26 310 283,032
Sunoco LP/Sunoco Finance Corp.:
4.88%, 01/15/23 197 192,075
5.50%, 02/15/26 64 60,960
5.88%, 03/15/28 4 3,785
Tallgrass Energy Partners LP/Tallgrass Energy Finance
Corp. (a) :
4.75%, 10/01/23 15 14,813
5.50%, 09/15/24 238 238,595
5.50%, 01/15/28 620 609,150
Targa Resources Partners LP/Targa Resources Partners Finance Corp.:
5.25%, 05/01/23 103 102,742
5.13%, 02/01/25 32 30,880
5.88%, 04/15/26 (a) 296 294,520
5.00%, 01/15/28 163 150,646
TransCanada PipeLines Ltd., 4.63%, 03/01/34 500 469,665
Transocean Guardian Ltd., 5.88%, 01/15/24 (a) 105 102,375
Transocean Pontus Ltd., 6.13%, 08/01/25 (a) 125 121,875
Transocean, Inc., 7.25%, 11/01/25 (a) 192 177,600
Transportadora de Gas del Sur SA,
6.75%, 05/02/25 (a) 249 232,815
UGI International LLC, 3.25%, 11/01/25 EUR 100 113,776
Vantage Drilling International, 9.25%,
11/15/23 (a) USD 80 79,800

15

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets)

Security Value
Oil, Gas & Consumable Fuels (continued)
W&T Offshore, Inc., 2018 Term Loan, 9.75%,
11/01/23 (a) USD 74 $ 66,970
Western Gas Partners LP, 5.38%, 06/01/21 1,425 1,461,454
Whiting Petroleum Corp., 6.63%, 01/15/26 74 71,225
WildHorse Resource Development Corp., 6.88%, 02/01/25 120 117,000
Williams Cos., Inc.:
3.90%, 01/15/25 1,150 1,109,673
4.00%, 09/15/25 750 721,017
WPX Energy, Inc.:
8.25%, 08/01/23 49 53,533
5.25%, 09/15/24 75 71,250
YPF SA, 8.50%, 07/28/25 316 298,383
51,127,108
Paper & Forest Products — 0.1%
International Paper Co., 6.00%, 11/15/41 870 906,638
Norbord, Inc., 6.25%, 04/15/23 (a) 111 111,139
1,017,777
Pharmaceuticals — 2.3%
AbbVie, Inc.:
3.60%, 05/14/25 870 829,913
3.20%, 05/14/26 500 459,531
4.45%, 05/14/46 2,095 1,799,206
Allergan Funding SCS:
3.80%, 03/15/25 3,250 3,119,546
4.55%, 03/15/35 2,140 1,987,717
Allergan Sales LLC, 5.00%, 12/15/21 (a) 758 777,575
Bausch Health Cos., Inc.:
5.63%, 12/01/21 (a) 261 260,674
6.50%, 03/15/22 (a) 56 57,738
5.50%, 03/01/23 (a) 317 306,301
4.50%, 05/15/23 EUR 176 195,265
5.88%, 05/15/23 (a) USD 1,023 996,146
7.00%, 03/15/24 (a) 475 496,969
6.13%, 04/15/25 (a) 332 311,648
5.50%, 11/01/25 (a) 527 517,778
9.00%, 12/15/25 (a) 20 21,100
Charles River Laboratories International, Inc., 5.50%,
04/01/26 (a) 91 91,000
CVS Health Corp.:
5.13%, 07/20/45 700 680,503
5.05%, 03/25/48 1,221 1,185,176
Elanco Animal Health, Inc. (a) :
4.27%, 08/28/23 79 78,402
4.90%, 08/28/28 85 85,504
Endo Finance LLC/Endo Finco, Inc., 5.38%,
01/15/23 (a) 62 50,995
Security Value
Pharmaceuticals (continued)
Jaguar Holding Co. II/Pharmaceutical Product Development LLC, 6.38%, 08/01/23 (a) USD 690 $ 683,962
MEDNAX, Inc., 6.25%, 01/15/27 (a) 52 51,792
Mylan NV, 3.95%, 06/15/26 750 688,520
Rossini Sarl, 6.75%, 10/30/25 EUR 112 126,833
Syneos Health, Inc./inVentiv Health, Inc./inVentiv Health Clinical, Inc., 7.50%, 10/01/24 (a) USD 108 113,400
Synlab Bondco PLC, 6.25%, 07/01/22 EUR 100 116,049
Valeant Pharmaceuticals International, 8.50%,
01/31/27 (a) USD 523 541,305
Valeant Pharmaceuticals International, Inc., 9.25%,
04/01/26 (a) 67 71,334
16,701,882
Real Estate Management & Development — 0.7%
ADLER Real Estate AG:
2.13%, 02/06/24 EUR 100 107,099
3.00%, 04/27/26 100 107,440
Greystar Real Estate Partners LLC, 5.75%,
12/01/25 (a) USD 124 117,800
Howard Hughes Corp., 5.38%, 03/15/25 (a) 103 97,593
Newmark Group, Inc., 6.13%, 11/15/23 (a) 64 62,891
Northwest Florida Timber Finance LLC, 4.75%,
03/04/29 (a)(f) 4,600 4,174,500
Residomo SRO, 3.38%, 10/15/24 EUR 100 112,010
4,779,333
Road & Rail — 1.2%
Avis Budget Finance PLC, 4.75%, 01/30/26 100 108,540
Burlington Northern Santa Fe LLC, 5.75%, 05/01/40 USD 1,890 2,143,199
CMA CGM SA, 5.25%, 01/15/25 EUR 100 94,416
CSX Corp., 4.75%, 05/30/42 USD 350 343,637
Flexi-Van Leasing, Inc., 10.00%, 02/15/23 (a) 122 100,345
Herc Rentals, Inc. (a) :
7.50%, 06/01/22 170 178,075
7.75%, 06/01/24 72 76,091
Hertz Corp., 7.63%, 06/01/22 (a) 183 179,798
Hertz Holdings Netherlands BV, 5.50%, 03/30/23 EUR 100 112,627
Lima Metro Line 2 Finance Ltd., 5.88%,
07/05/34 (a) USD 5,000 4,975,050
Loxam SAS, 3.50%, 05/03/23 EUR 100 114,356
United Rentals North America, Inc.:
4.63%, 10/15/25 USD 117 108,336
5.88%, 09/15/26 109 105,866

16

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets)

Security Value
Road & Rail (continued)
United Rentals North America, Inc. (continued):
4.88%, 01/15/28 USD 55 $ 49,603
8,689,939
Semiconductors & Semiconductor Equipment — 0.7%
Advanced Micro Devices, Inc., 7.50%, 08/15/22 51 55,526
Analog Devices, Inc., 3.90%, 12/15/25 470 458,057
Broadcom Corp./Broadcom Cayman Finance Ltd., 3.88%, 01/15/27 2,850 2,564,442
Microchip Technology, Inc., 1.63%, 02/15/25 (k) 351 512,652
ON Semiconductor Corp., 1.00%, 12/01/20 (k) 383 456,340
Qorvo, Inc., 5.50%, 07/15/26 (a) 368 356,960
QUALCOMM, Inc., 4.65%, 05/20/35 250 239,699
Sensata Technologies BV, 5.00%, 10/01/25 (a) 305 293,563
4,937,239
Software — 1.9%
ACI Worldwide, Inc., 5.75%, 08/15/26 (a) 353 350,353
CA, Inc., 3.60%, 08/15/22 705 691,801
CDK Global, Inc., 4.88%, 06/01/27 448 417,760
Citrix Systems, Inc., 0.50%, 04/15/19 (k) 99 148,790
Genesys Telecommunications Laboratories, Inc./Greeneden Lux 3 Sarl/Greeneden US Ho, 10.00%, 11/30/24 (a) 572 617,760
Infor Software Parent LLC/Infor Software Parent, Inc., (7.13% Cash or 7.88% PIK), 7.13%, 05/01/21 (a)(g) 240 239,400
Infor US, Inc., 6.50%, 05/15/22 1,463 1,455,685
Informatica LLC, 7.13%, 07/15/23 (a) 549 550,372
Microsoft Corp., 3.50%, 11/15/42 (f) 4,000 3,587,579
Nuance Communications, Inc.:
6.00%, 07/01/24 77 76,615
5.63%, 12/15/26 163 156,529
Oracle Corp., 5.38%, 07/15/40 (f) 3,025 3,346,993
PTC, Inc., 6.00%, 05/15/24 125 128,438
RP Crown Parent LLC, 7.38%, 10/15/24 (a) 295 299,056
Solera LLC/Solera Finance, Inc., 10.50%,
03/01/24 (a) 1,107 1,192,792
Sophia LP/Sophia Finance, Inc., 9.00%,
09/30/23 (a) 210 216,300
Security Value
Software (continued)
TIBCO Software, Inc., 11.38%, 12/01/21 (a) USD 478 $ 506,082
13,982,305
Specialty Retail — 0.5%
Asbury Automotive Group, Inc., 6.00%, 12/15/24 159 154,826
Catalent Pharma Solutions, Inc., 4.88%,
01/15/26 (a) 176 166,760
Group 1 Automotive, Inc.:
5.00%, 06/01/22 110 107,250
5.25%, 12/15/23 (a) 13 12,578
Hexion, Inc., 6.63%, 04/15/20 43 35,529
Home Depot, Inc., 5.88%, 12/16/36 1,660 1,937,172
L Brands, Inc.:
6.88%, 11/01/35 215 182,078
6.75%, 07/01/36 49 40,792
Lowe’s Cos, Inc., 4.38%, 09/15/45 1,000 946,110
Penske Automotive Group, Inc., 5.50%, 05/15/26 22 20,350
PVH Corp., 3.13%, 12/15/27 EUR 100 108,072
3,711,517
Technology Hardware, Storage & Peripherals — 0.7%
Apple, Inc., 4.65%, 02/23/46 USD 2,400 2,446,000
Dell International LLC/EMC Corp. (a) :
4.42%, 06/15/21 20 20,010
7.13%, 06/15/24 338 353,278
6.02%, 06/15/26 110 111,201
8.35%, 07/15/46 45 49,603
Hewlett Packard Enterprise Co., 4.90%, 10/15/25 1,500 1,505,243
Western Digital Corp., 4.75%, 02/15/26 674 616,710
5,102,045
Textiles, Apparel & Luxury Goods — 0.0%
SMCP Group SAS, 5.88%, 05/01/23 EUR 49 57,221
Thrifts & Mortgage Finance — 0.0%
Jerrold Finco PLC, 6.25%, 09/15/21 GBP 100 126,890
Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp. (a) :
5.25%, 03/15/22 USD 17 16,830
5.25%, 10/01/25 139 126,490
270,210
Tobacco — 1.4%
Altria Group, Inc.:
9.95%, 11/10/38 516 784,463
10.20%, 02/06/39 894 1,374,216
5.38%, 01/31/44 4,030 3,969,051
3.88%, 09/16/46 1,250 1,004,784

17

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets)

Security Value
Tobacco (continued)
Reynolds American, Inc.:
4.45%, 06/12/25 USD 635 $ 617,078
7.00%, 08/04/41 1,000 1,088,564
5.85%, 08/15/45 1,500 1,449,639
10,287,795
Transportation Infrastructure — 0.2%
I 595 Express LLC, 26.86%, 12/31/31 (e) 850 791,248
Rumo Luxembourg Sarl, 7.38%, 02/09/24 (a) 370 381,470
Transurban Finance Co. Property Ltd.,
4.13%, 02/02/26 (a) 580 568,879
1,741,597
Utilities — 0.2%
AES Argentina Generacion SA, 7.75%,
02/02/24 (a) 370 315,806
AES Panama SRL, 6.00%, 06/25/22 (a) 228 230,565
ContourGlobal Power Holdings SA, 3.38%, 08/01/23 EUR 100 108,104
Generacion Mediterranea SA/Generacion Frias SA/Central Termica Roca SA, 9.63%, 07/27/23 (a) USD 370 311,729
Stoneway Capital Corp., 10.00%, 03/01/27 (a) 511 458,368
Vistra Operations Co.
LLC, 5.50%, 09/01/26 (a) 293 288,239
1,712,811
Wireless Telecommunication Services — 1.4%
Comunicaciones Celulares SA Via Comcel Trust, 6.88%,
02/06/24 (a) 1,550 1,569,700
CoreCivic, Inc., 4.75%, 10/15/27 120 101,400
CyrusOne LP/CyrusOne Finance Corp., 5.38%, 03/15/27 45 44,100
Frontier Communications Corp., 8.50%,
04/01/26 (a) 218 197,850
Matterhorn Telecom SA(3 mo. Euribor + 3.25%), 3.25%, 02/01/23 (b) EUR 14 16,068
Radiate Holdco LLC/Radiate Finance, Inc., 6.63%,
02/15/25 (a) USD 152 136,800
Rogers Communications, Inc., 7.50%, 08/15/38 2,325 2,970,533
SBA Communications Corp., 4.88%, 09/01/24 754 731,493
Sprint Capital Corp.:
6.90%, 05/01/19 140 141,575
8.75%, 03/15/32 345 374,756
Sprint Corp.:
7.88%, 09/15/23 684 719,705
Security Value
Wireless Telecommunication Services (continued)
Sprint Corp. (continued):
7.13%, 06/15/24 USD 974 $ 988,610
7.63%, 02/15/25 132 135,795
7.63%, 03/01/26 644 660,100
T-Mobile USA, Inc.:
6.38%, 03/01/25 205 210,894
5.13%, 04/15/25 126 125,055
6.50%, 01/15/26 42 43,575
4.50%, 02/01/26 426 399,780
4.75%, 02/01/28 231 213,919
Wind Tre SpA, 3.13%, 01/20/25 EUR 100 100,757
9,882,465
Total Corporate Bonds — 65.9% (Cost — $486,574,657) 477,827,156
Floating Rate Loan Interests (b) — 2.4%
Aerospace & Defense — 0.0%
Atlantic Aviation FBO, Inc., 2018 Term Loan B, 1.00%, 11/29/25 (b)(e)(l) USD 80 79,800
Sequa Mezzanine Holdings LLC, 2nd Lien Term Loan, (3 mo. LIBOR + 9.00%, 1.00% Floor), 11.52%, 04/28/22 (b)(e) 40 38,500
118,300
Chemicals — 0.1%
Alpha 3 BV, 2017 Term Loan B1, (3 mo. LIBOR + 3.00%, 1.00% Floor), 5.39%, 01/31/24 (b) 284 281,968
Invictus US LLC, 2nd Lien Term Loan, (2 mo. LIBOR + 6.75%), 9.25%, 03/25/26 (b) 42 41,842
Messer Industries LLC, 2018 USD Term Loan, 1.00%,
10/01/25 (b)(l) 416 409,502
733,312
Commercial Services & Supplies — 0.2%
Asurion LLC, 2017 2nd Lien Term Loan, (1 mo. LIBOR + 6.50%), 8.84%, 08/04/25 (b) 261 265,784
GFL Environmental, Inc., 2018 USD Term Loan B, (3 mo. LIBOR + 3.00%, 1.00% Floor), 5.39%, 05/30/25 (b) 408 396,527
Verscend Holding Corp., 2018 Term Loan B, (1 mo. LIBOR + 4.50%), 6.84%, 08/27/25 (b) 701 699,521
West Corp., 2017 Term Loan, (1 mo. LIBOR + 4.00%, 1.00% Floor), 6.53%, 10/10/24 (b) 121 116,569

18

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets)

Security Value
Commercial Services & Supplies (continued)
West Corp., 2018 Term Loan B1, (3 mo. LIBOR + 3.50%, 1.00% Floor), 6.03%, 10/10/24 (b) USD 52 $ 50,476
1,528,877
Construction & Engineering — 0.1%
Brand Energy & Infrastructure Services, Inc., 2017 Term Loan, (3 mo. LIBOR + 4.25%, 1.00%
Floor), 6.73%, 06/21/24 (b) 842 827,197
Diversified Telecommunication Services — 0.0%
Sprint Communications, Inc., 2018 Term Loan B, 1.00%,
02/02/24 (b)(l) 338 334,833
Energy Equipment & Services — 0.1%
Gavilan Resources LLC, 2nd Lien Term Loan, (1 mo. LIBOR + 6.00%, 1.00% Floor), 8.31%, 03/01/24 (b) 89 75,398
Pioneer Energy Services Corp., Term Loan, (1 mo. LIBOR + 7.75%, 1.00% Floor), 10.06%, 11/08/22 (b)(e) 516 525,030
600,428
Gas Utilities — 0.0%
AL Midcoast Holdings LLC, 2018 Term Loan B, (2 mo. LIBOR + 5.50%), 7.89%, 07/31/25 (b) 120 117,600
Health Care Equipment & Supplies — 0.1%
DJO Finance LLC, 2015 Term Loan, (3 mo. LIBOR + 3.25%, 1.00% Floor), 5.62%, 06/08/20 (b) 496 495,189
Immucor, Inc., Extended Term Loan B, (3 mo. LIBOR + 5.00%, 1.00% Floor), 7.39%, 06/15/21 (b)(e) 418 419,189
914,378
Health Care Providers & Services — 0.2%
Concentra, Inc., 2018 2nd Lien Term Loan, (1 mo. LIBOR + 6.50%, 1.00% Floor), 8.82%, 06/01/23 (b) 99 99,124
Envision Healthcare Corp., 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.75%), 6.09%, 10/10/25 (b) 609 584,338
Gentiva Health Services, Inc. (b)(e) :
2018 1st Lien Term Loan, (1 mo. LIBOR + 3.75%), 6.13%, 07/02/25 194 194,223
2018 2nd Lien Term Loan, (1 mo. LIBOR + 7.00%), 9.38%, 07/02/26 34 34,186
Security Value
Health Care Providers & Services (continued)
Team Health Holdings, Inc., 1st Lien Term Loan, (1 mo. LIBOR + 2.75%, 1.00% Floor), 5.09%, 02/06/24 (b) USD 169 $ 157,340
1,069,211
Health Care Technology — 0.0%
Change Healthcare Holdings, Inc., 2017 Term Loan B, 1.00%, 03/01/24 (b)(l) 70 69,581
Hotels, Restaurants & Leisure — 0.1%
Bronco Midstream Funding LLC, Term Loan B, (1 mo. LIBOR + 3.50%), 5.82%, 08/14/23 (b) 24 23,684
IRB Holding Corp., 1st Lien Term Loan, 1.00%,
02/05/25 (b)(l) 147 145,315
Stars Group Holdings BV, 2018 Incremental Term Loan, (3 mo. LIBOR + 3.50%), 5.89%, 07/10/25 (b) 870 865,784
1,034,783
Industrial Conglomerates — 0.0%
Cortes NP Acquisition Corp., 2017 Term Loan B, (3 mo. LIBOR + 4.00%, 1.00% Floor), 6.71%, 11/30/23 (b)(e) 217 209,591
Sequa Mezzanine Holdings LLC, 1st Lien Term Loan, (3 mo. LIBOR + 5.00%, 1.00% Floor), 7.41%, 11/28/21 (b) 113 110,865
320,456
Insurance — 0.1%
Sedgwick Claims Management Services, Inc. (b) :
2018 Term Loan B, 1.00%, 12/31/25 (l) 447 441,971
2nd Lien Term Loan, (1 mo. LIBOR + 5.75%, 1.00% Floor), 8.09%, 02/28/22 56 55,930
497,901
IT Services — 0.0%
Access CIG LLC (b) :
2018 1st Lien Term Loan, (3 mo. LIBOR + 3.75%), 6.46%, 02/27/25 44 44,150
2018 2nd Lien Delayed Draw Term Loan, (3 mo. LIBOR + 7.75%), 10.46%, 02/27/26 1 845
2018 2nd Lien Incremental Term Loan, (3 mo. LIBOR + 7.75%), 10.46%, 02/27/26 2 1,990
2018 2nd Lien Term Loan, (1 mo. LIBOR + 7.75%), 10.46%, 02/27/26 16 16,018

19

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets)

Security
IT Services (continued)
Access CIG LLC (b) (continued):
2018 Incremental Term Loan, (1 mo. LIBOR + 3.75%), 6.46%, 02/27/25 6 5,958
68,961
Machinery — 0.1%
Titan Acquisition Ltd., 2018 Term Loan B, (1 mo. LIBOR + 3.00%), 5.34%, 03/28/25 (b) 359 336,065
Media — 0.4%
Altice France SA, 2018 Term Loan B13, (1 mo. LIBOR + 4.00%), 6.31%, 08/14/26 (b) 310 295,191
Charter Communications Operating LLC, 2017 Term Loan A2, (1 mo. LIBOR + 1.50%), 3.85%, 03/31/23 (b) 926 921,295
Gray Television, Inc., 2018 Term Loan C, 1.00%,
10/30/25 (b)(l) 53 52,492
Intelsat Jackson Holdings SA (b) :
2017 Term Loan B3, (1 mo. LIBOR + 3.75%, 1.00% Floor), 6.07%, 11/27/23 64 63,937
2017 Term Loan B4, (1 mo. LIBOR + 4.50%, 1.00% Floor), 6.82%, 01/02/24 198 201,571
2017 Term Loan B5, (Fixed + 6.63%), 6.63%, 01/02/24 1,101 1,102,147
PSAV Holdings LLC, (b) :
2018 1st Lien Term Loan, (3 mo. LIBOR + 3.25%, 1.00% Floor), 5.70%, 03/01/25 91 88,659
2018 2nd Lien Term Loan, (3 mo. LIBOR + 7.25%), 9.78%, 09/01/25 (e) 74 72,150
2,797,442
Oil & Gas Equipment & Services — 0.2%
McDermott Technology Americas, Inc., 2018 1st Lien Term Loan, (1 mo. LIBOR + 5.00%, 1.00% Floor), 7.34%,
05/10/25 (b) 1,182 1,132,826
Oil, Gas & Consumable Fuels — 0.2%
BCP Raptor II LLC, 1st Lien Term Loan, (2 mo. LIBOR + 4.75%), 7.14%, 11/03/25 (b) 53 51,543
Security Value
Oil, Gas & Consumable Fuels (continued)
California Resources Corp, (b) :
2017 1st Lien Term Loan, (1 mo. LIBOR + 4.75%,1.00% Floor), 7.07%, 12/31/22 USD 524 $ 526,908
Second Out Term Loan, (1 mo. LIBOR + 10.38%), 12.72%, 12/31/21 308 327,647
CONSOL Energy, Inc., 1st Lien Term Loan B, (1 mo. LIBOR + 6.00%, 1.00% Floor), 8.35%, 11/28/22 (b) 215 215,991
1,122,089
Pharmaceuticals — 0.1%
Endo Luxembourg Finance Company I Sarl, 2017 Term Loan B, (1 mo. LIBOR + 4.25%), 6.59%, 04/29/24 (b) 303 301,097
Valeant Pharmaceuticals International, Inc., 2018 Term Loan B, 1.00%, 06/02/25 (b)(l) 136 134,489
435,586
Real Estate Management & Development — 0.0%
Forest City Enterprises LP, Term Loan B, 1.00%,
10/24/25 (b)(l) 53 53,066
Software — 0.4%
Applied Systems, Inc., 2017 2nd Lien Term Loan, (3 mo. LIBOR + 7.00%, 1.00% Floor), 9.39%, 09/19/25 (b) 21 21,053
BMC Software Finance, Inc., 2017 Term Loan B, (3 mo. LIBOR + 4.25%), 6.65%, 10/02/25 (b) 241 237,686
Digicel International Finance Ltd., 2017 Term Loan B, (3 mo. LIBOR + 3.25%), 5.96%, 05/28/24 (b) 152 141,845
Financial & Risk US Holdings, Inc., 2018 USD Term Loan, (1 mo. LIBOR + 3.75%), 6.09%,
10/01/25 (b) 2,021 1,966,514
Infor (US), Inc., Term Loan
B6, 1.00%, 02/01/22 (b)(l) 41 40,523
Kronos, Inc., 2nd Lien Term Loan, (3 mo. LIBOR + 8.25%, 1.00% Floor), 10.79%, 11/01/24 (b) 352 353,713
Mitchell International, Inc., 2017 1st Lien Term Loan, (1 mo. LIBOR + 3.25%), 5.59%, 11/29/24 (b) 130 127,920

20

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets)

Security Value
Software (continued)
SS&C Technologies, Inc., 2018 Term Loan B5, 1.00%, 04/16/25 (b)(l) USD 216 $ 210,127
3,099,381
Textiles, Apparel & Luxury Goods — 0.0%
Ascend Performance Materials Operations LLC, Term Loan B, (3 mo. LIBOR + 5.25%, 1.00% Floor),
7.64%, 08/12/22 (b) 184 183,528
Wireless Telecommunication Services — 0.0%
Xplornet Communications, Inc., Term Loan B, (3 mo. LIBOR + 4.00%, 1.00% Floor), 6.39%, 09/09/21 (b)(e) 206 205,924
Total Floating Rate Loan Interests — 2.4% (Cost — $17,776,363) 17,601,725
Foreign Agency Obligations — 3.4%
Argentine Republic Government International Bond:
7.50%, 04/22/26 3,875 3,289,914
7.63%, 04/22/46 3,121 2,376,673
Colombia Government International Bond:
4.50%, 01/28/26 460 457,700
3.88%, 04/25/27 468 442,967
4.50%, 03/15/29 290 283,623
Cyprus Government International Bond,
4.63%, 02/03/20 (a) EUR 1,210 1,438,840
Egypt Government International Bond:
5.75%, 04/29/20 USD 626 629,931
8.50%, 01/31/47 (a) 291 265,121
Iceland Government International Bond, 5.88%, 05/11/22 3,555 3,865,245
Indonesia Government International Bond, 4.75%, 01/08/26 380 379,905
Italian Government International Bond, 5.38%, 06/15/33 2,925 2,947,329
Mexico Government International Bond:
4.15%, 03/28/27 260 248,318
3.75%, 01/11/28 (f) 200 185,000
Portugal Government International Bond,
5.13%, 10/15/24 (a) 3,970 4,110,141
Qatar Government International Bond:
4.63%, 06/02/46 200 197,024
5.10%, 04/23/48 (a) 200 202,714
Republic of South Africa Government International Bond:
5.88%, 05/30/22 918 940,950
4.88%, 04/14/26 288 268,560
Russian Federal Bond - OFZ, 7.05%, 01/19/28 RUB 43,751 592,154
Security Value
Foreign Agency Obligations (continued)
Russian Foreign Bond - Eurobond:
4.75%, 05/27/26 USD 200 $ 194,686
4.25%, 06/23/27 400 373,722
Turkey Government International Bond:
6.25%, 09/26/22 200 193,911
4.88%, 04/16/43 250 175,195
5.75%, 05/11/47 200 151,196
Total Foreign Agency Obligations — 3.3% (Cost — $26,206,519) 24,210,819
Municipal Bonds — 3.2%
California — 0.9%
East Bay Municipal Utility District, RB, Build America Bonds, 5.87%, 06/01/40 1,999 2,359,857
State of California, GO, Build America Bonds, Various Purpose:
7.55%, 04/01/39 280 395,458
7.63%, 03/01/40 1,720 2,423,979
University of California, RB, Build America Bonds, 5.95%, 05/15/45 885 1,064,991
6,244,285
Georgia — 0.3%
Municipal Electric Authority of Georgia Plant Vogtle Units 3 & 4, Refunding RB, Build America Bonds,
Series A, 7.06%, 04/01/57 1,999 2,206,196
Illinois — 0.3%
State of Illinois, GO, 5.10%, 06/01/33 2,000 1,896,080
Indiana — 0.4%
Indianapolis Local Public Improvement Bond Bank, RB, Build America Bonds, 6.12%, 01/15/40 2,535 3,097,086
New York — 1.3%
City of New York New York Municipal Water Finance Authority, Refunding RB, 2nd General Resolution:
Series EE, 5.50%, 06/15/43 930 989,278
Series GG, Build America Bonds, 5.72%, 06/15/42 1,390 1,670,530
Water & Sewer System, Series EE, 5.38%, 06/15/43 770 814,814
Metropolitan Transportation Authority, RB, Build America Bonds, Series C, 7.34%, 11/15/39 1,295 1,806,098
New York State Dormitory Authority, RB, Build America Bonds:
5.63%, 03/15/39 1,100 1,270,984
5.60%, 03/15/40 1,900 2,228,928

21

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets)

Security Value
New York (continued)
Port Authority of New York & New Jersey, RB, 159th Series USD 780 $ 930,844
9,711,476
Total Municipal Bonds — 3.2% (Cost — $20,453,567) 23,155,123
Non-Agency Mortgage-Backed Securities —
7.7%
Collateralized Mortgage Obligations — 0.4%
Banc of America Funding Corp., Series 2007-2, Class 1A2, 6.00%,
03/25/37 500 439,505
Countrywide Alternative Loan Trust:
Series 2005-64CB, Class 1A15, 5.50%, 12/25/35 988 958,597
Series 2006-OA21, Class A1, (1 mo. LIBOR US + 0.19%), 2.49%, 03/20/47 (b) 788 663,690
GMAC Mortgage Corp. Loan Trust, Series 2005-AR3, Class 5A1,
4.10%, 06/19/35 (c) 282 278,018
GSR Mortgage Loan Trust:
Series 2006-4F, Class 1A1, 5.00%, 05/25/36 36 74,499
Series 2007-4F, Class 3A1, 6.00%, 07/25/37 164 145,355
JPMorgan Mortgage Trust, Series 2006-S3, Class 1A12, 6.50%,
08/25/36 66 49,055
Merrill Lynch Mortgage Investors, Inc., Series 2006-A3, Class 3A1, 3.83%, 05/25/36 (c) 493 446,761
WaMu Mortgage Pass-Through Certificates, Series 2007-OA4, Class 1A, (12 mo. MTA + 0.77%), 2.82%, 05/25/47 (b) 184 171,374
3,226,854
Commercial Mortgage-Backed Securities — 7.3%
Banc of America Merrill Lynch Commercial Mortgage Securities Trust, Series 2015-200P, Class C, 3.72%,
04/14/33 (a)(c) 4,170 4,049,953
Citigroup Commercial Mortgage Trust, Series 2013-GC15, Class B, 5.39%, 09/10/46 (c) 7,183 7,504,173
Citigroup/Deutsche Bank Commercial Mortgage Trust, Series 2006-CD3, Class AM, 5.65%, 10/15/48 1,449 1,486,377
Security Value
Commercial Mortgage-Backed Securities (continued)
Commercial Mortgage Trust:
Series 2013-300P, Class A1,
4.35%, 08/10/30 (a) USD 1,330 $ 1,380,090
Series 2013-CR11, Class B,
5.33%, 08/10/50 (c) 7,000 7,240,156
Series 2013-LC6, Class B, 3.74%, 01/10/46 1,390 1,380,219
Series 2015-CR22, Class C,
4.26%, 03/10/48 (c) 5,000 4,809,980
Series 2015-LC19,
Class C, 4.40%, 02/10/48 (c) 3,500 3,434,981
Core Industrial Trust, Series 2015-TEXW, Class D, 3.98%, 02/10/34 (a)(c) 4,585 4,554,061
CSAIL Commercial Mortgage Trust, Series 2015-C1 (c) :
Class B, 4.04%, 04/15/50 1,110 1,106,326
Class C, 4.44%, 04/15/50 1,000 976,621
GAHR Commercial Mortgage Trust, Series 2015-NRF, Class DFX,
3.49%, 12/15/34 (a)(c) 6,170 6,128,881
GS Mortgage Securities Corp. II, Series 2013-GC10, Class B, 3.68%, 02/10/46 (a) 2,505 2,466,232
Morgan Stanley Capital I Trust, Series 2014-CPT, Class G,
3.56%, 07/13/29 (a)(c) 3,200 3,084,592
WF-RBS Commercial Mortgage Trust, Series 2012-C8:
Class B, 4.31%, 08/15/45 1,395 1,402,605
Class C, 5.06%, 08/15/45 (c) 1,795 1,797,335
52,802,582
Total Non-Agency Mortgage-Backed Securities —
7.7% (Cost — $56,249,605) 56,029,436
Preferred Securities Capital Trusts — 11.2%
Banks — 3.2%
ABN AMRO Bank NV, 5.75% (h)(i) 200 234,062
Banco Bilbao Vizcaya Argentaria
SA, 6.13% (c)(i) 2,000 1,680,000
Bankia SA, 6.38% (c)(i) 200 216,073
BNP Paribas SA, 7.20% (a)(h)(i) 2,000 2,082,000
Capital One Financial Corp., Series E,
5.55% (h)(i) 3,500 3,508,750
CIT Group, Inc., Series A, 5.80% (h)(i) 163 156,793
Citigroup, Inc, (h)(i):
Series M, 6.30% 4,000 3,880,000

22

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets)

Security Value
Banks (continued)
Series P, 5.95% 2,100 $ 2,016,000
Credit Agricole SA, (a)(h)(i):
6.63% 1,400 1,389,461
7.88% 1,000 1,008,694
Intesa Sanpaolo SpA, 7.00% (h)(i) 200 224,156
Nordea Bank AB, 6.13% (a)(h)(i) 2,960 2,800,900
Wells Fargo & Co. (h)(i) :
Series S, 5.90% 3,450 3,442,410
Series U, 5.88% 405 412,500
23,051,799
Capital Markets — 0.7%
Goldman Sachs Group, Inc., Series P,
5.00% (c)(i) 139 122,320
Morgan Stanley, Series H, 5.45% (h)(i) 2,627 2,628,313
State Street Corp., Series F, 5.25% (h)(i) 2,000 2,020,400
4,771,033
Chemicals — 0.0%
Solvay Finance SA, 5.12% (h)(i) 100 120,010
Diversified Financial Services — 4.6%
ATF Netherlands BV, 3.75% (h)(i) 100 105,203
Banco Santander SA, 6.25% (h)(i) 100 108,115
Bank of America Corp. (h)(i):
Series AA, 6.10% 409 415,409
Series FF, 5.88% (c) 3,500 3,342,500
Series V, 5.13% 175 174,142
Series X, 6.25% 4,620 4,723,950
Bank of New York Mellon Corp. (h)(i) :
Series D, 4.50% (f) 2,000 1,861,540
Series E, 4.95% 2,000 2,005,800
HBOS Capital Funding LP, 6.85% (i) 100 99,750
HSBC Holdings PLC: (c)(i)
6.00% (h) 435 395,850
6.50% 1,090 1,000,762
JPMorgan Chase & Co. (h)(i):
Series 1, 5.99% 5,021 5,039,829
Series Q, 5.15% 3,000 2,898,600
Series R, 6.00% 70 70,350
Series U, 6.13% 500 508,125
Series V, 5.00% 6,430 6,408,138
Royal Bank of Scotland Group PLC, 8.63% (h)(i) 200 206,000
Societe Generale SA, (a)(h)(i)
6.00% 3,000 2,869,206
7.88% (f) 1,000 992,500
33,225,769
Diversified Telecommunication Services — 0.1%
Telefonica Europe BV, (h)(i) :
4.20% 200 231,195
5.88% 100 121,137
352,332
Security Value
Electric Utilities — 0.6%
ComEd Financing III, 6.35%, 03/15/33 300 312,000
Electricite de France SA, 5.25% (a)(h)(i) 4,200 4,024,650
RWE AG, 2.75%, 04/21/75 (h) 10 11,293
4,347,943
Insurance — 1.8%
Allstate Corp, (h) : 4,100 4,286,550
6.50%, 05/15/67 Series B, 5.75%, 08/15/53 2,000 1,977,500
MetLife, Inc., 6.40%, 12/15/36 2,554 2,579,540
Voya Financial, Inc., 5.65%, 05/15/53 (h) 4,500 4,331,250
13,174,840
Oil, Gas & Consumable Fuels — 0.0%
Naturgy Finance BV, 4.13% (h)(i) 100 116,322
Total Capital Trusts — 11.0% (Cost — $81,091,728) 79,160,048
Shares
Preferred Stocks — 0.7%
Banks — 0.3%
Wells Fargo & Co., Series Q,
5.85% (h)(i) 75,000 $ 1,861,500
Capital Markets — 0.6%
Goldman Sachs Group, Inc., Series J,
5.50% (h)(i) 92,000 2,219,040
Morgan Stanley, Series K, 5.85% (h)(i) 66,567 1,642,208
SCE Trust III, Series H, 5.75% (h)(i) 25,314 557,161
4,418,409
Machinery — 0.1%
Stanley Black & Decker, Inc.,
5.38% (i)(k) 2,500 245,000
Thrifts & Mortgage Finance — 0.0%
Federal Home Loan Mortgage Corp., Series S,
8.25% (c)(i) 10,000 66,100
Total Preferred Stocks — 1.0% (Cost — $6,864,477) 6,591,009
Trust Preferred — 0.1%
Diversified Financial Services — 0.1%
Citigroup Capital XIII, 8.89% (h) 29,583 779,512
Total Trust Preferreds — 0.1% (Cost — $779,529) 779,512
Total Preferred Securities — 11.9% (Cost — $88,735,734) 86,530,569

23

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets)

Security
U.S. Government Sponsored Agency Securities — 15.1%
Agency Obligations — 1.7%
Fannie Mae, 5.63%, 07/15/37 (f) USD 1,600 $ 2,037,075
Federal Home Loan Bank (f):
5.25%, 12/09/22 1,375 1,489,154
5.37%, 09/09/24 4,025 4,470,290
Residual Funding
Corp., 0.00%, 04/15/30 (m) 6,055 4,085,693
12,082,212
Collateralized Mortgage Obligations — 4.3%
Fannie Mae Mortgage-Backed Securities:
Series 2015-47, Class GL, 3.50%, 07/25/45 1,636 1,556,056
Series 2005-5, Class PK, 5.00%, 12/25/34 43 43,170
Series 1991-87, Class S, (1 mo. LIBOR + 26.68%),
20.55%, 08/25/21 (b) 1 1,439
Series G-17, Class S, 843.04%, 06/25/21 (c) — (n) —
Series G-07, Class S, (1 mo. LIBOR + 1144.57%), 883.44%,
03/25/21 (b) — (n) 22
Series G-33, Class PV, 1,078.42%, 10/25/21 — (n) —
Series 1991-46, Class S, (1 mo. LIBOR + 2519.00%),
1,988.84%, 05/25/21 (b) — (n) —
Freddie Mac Mortgage-Backed Securities:
Series 4350, Class DY, 4.00%, 06/15/44 2,830 2,866,939
Series 4480,
Class ZX, 4.00%, 11/15/44 (f) 6,304 6,206,774
Series 4549, Class TZ, 4.00%, 11/15/45 2,762 2,814,374
Series 4398, Class ZX, 4.00%, 09/15/54 9,064 8,877,034
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)
Ginnie Mae Mortgage-Backed Securities, Series 2014-72, Class MQ,
4.00%, 02/20/44 USD 8,858 $ 8,812,333
31,178,141
Commercial Mortgage-Backed Securities — 0.3%
Freddie Mac, Series K013, Class A2,
3.97%, 01/25/21 (c) 1,870 1,896,991
Interest Only Collateralized Mortgage Obligations — 0.5%
Fannie Mae Mortgage-Backed Securities:
Series 1997-50, Class SI, (1 mo. LIBOR + 9.20%),
1.20%, 04/25/23 (b) 24 467
Series 2012-96, Class DI, 4.00%, 02/25/27 3,516 246,205
Series 2012-47, Class NI, 4.50%, 04/25/42 4,191 953,254
Series G92-05, Class H, 9.00%, 01/25/22 — (n) 4
Series 094, Class 2, 9.50%, 08/25/21 — (n) 9
Series 1990-136, Class S, (1 mo. LIBOR + 17.60%),
17.77%, 11/25/20 (b) — (n) —
Series 1991-139, Class PT, 648.35%, 10/25/21 — (n) —
Series G-10, Class S, (1 mo. LIBOR + 1107.27%),
854.71%, 05/25/21 (b) — (n) —
Series 1991-099, Class L, 930.00%, 08/25/21 — (n) —
Series 1990-123, Class M, 1,009.50%, 10/25/20 — (n) —
Series 2611, Class QI, 5.50%, 09/15/32 41 161
Series 1254, Class Z, 8.50%, 04/15/22 11 1,145
Series 1043, Class H, (1 mo. LIBOR + 45.00%), 34.62%, 02/15/21 (b) 1 1
Series 1054, Class I, (1 mo. LIBOR + 881.40%), 680.64%, 03/15/21 (b) — (n) —
Series 1148, Class E, (1 mo. LIBOR + 1196.85%), 924.89%, 10/15/21 (b) — (n) —
Series 1056, Class KD, 1,084.50%, 03/15/21 — (n) —
Ginnie Mae Mortgage-Backed Securities (b) :
Series 2009-78, Class SD, (1 mo. LIBOR + 6.20%), 3.90%,
09/20/32 4,364 388,414

24

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets)

Security
Interest Only Collateralized Mortgage Obligations — 0.5%
Fannie Mae Mortgage-Backed Securities (continued):
Series 2009-116, Class KS, (1 mo. LIBOR + 6.47%), 4.16%,
12/16/39 USD 1,521 $ 180,563
Series 2011-52, Class NS, (1 mo. LIBOR + 6.67%), 4.36%,
04/16/41 12,603 1,858,383
3,628,606
Mortgage-Backed Securities — 8.3%
Fannie Mae Mortgage-Backed Securities:
3.00%, 09/01/43 (d) 13,000 12,475,522
4.00%, 12/01/41 - 04/01/56 (f) 28,794 29,130,392
4.50%, 07/01/41 - 07/01/55 (f) 15,353 15,951,932
5.00%, 08/01/34 (f) 1,507 1,598,519
5.50%, 06/01/38 (f) 727 782,231
6.00%, 12/01/38 (f) 601 657,729
Freddie Mac Mortgage-Backed Securities, 6.00%, 12/01/18 — (n) 174
Ginnie Mae Mortgage-Backed Securities:
5.50%, 08/15/33 44 46,917
8.00%, 07/15/24 — (n) 77
60,643,493
Principal Only Collateralized Mortgage Obligations — 0.0%
Fannie Mae Mortgage-Backed Securities (m) :
Series 1993-51, Class E, 0.00%, 02/25/23 5 4,079
Series 203, Class 1, 0.00%, 02/25/23 1 1,234
Series 1993-70, Class A, 0.00%, 05/25/23 1 717
Series 0228, Class 1, 0.00%, 06/25/23 1 1,097
7,127
Total U.S. Government Sponsored Agency Securities — 15.1% (Cost —
$111,517,716) 109,436,570
U.S. Treasury Obligations — 22.1%
U.S. Treasury Bonds (f) :
7.50%, 11/15/24 8,200 10,251,601
3.00%, 11/15/44 61,400 58,097,352
2.50%, 02/15/46 66,500 56,740,606
Security Value
U.S. Treasury Obligations (continued)
U.S. Treasury Notes (f) :
3.38%, 11/15/48 USD 2,470 $ 2,499,428
2.75%, 09/30/20 2,880 2,876,175
2.75%, 09/15/21 2,800 2,793,875
2.75%, 04/30/23 2,800 2,788,078
2.75%, 08/31/23 1,700 1,692,762
2.75%, 08/31/25 14,800 14,641,015
3.00%, 09/30/25 2,400 2,411,250
2.88%, 08/15/28 1,000 988,047
3.13%, 11/15/28 3,000 3,028,594
2.75%, 11/15/47 2,000 1,788,828
Total U.S. Treasury Obligations — 22.1% (Cost — $175,690,084) 160,597,611
Total Long-Term Investments — 140.1% (Cost — $1,043,355,230) 1,015,406,615
Short-Term Securities — 0.1%
Foreign Agency Obligations — 0.1%
Egypt Treasury Bills, 0.00%, 04/02/19 (m) EGP 14,125 741,598
Total Foreign Agency Obligations — 0.1% (Cost — $741,598) 741,598
Share
Short-Term Investment Fund — 0.0%
BlackRock Liquidity Funds, T-Fund, Institutional Class, 2.12% (o)(p) 184,493 184,493
Total Short-Term Investment Fund — 0.0% (Cost — $184,493) 184,493
Total Short-Term Securities — 0.1% (Cost — $926,091) 926,091
Options Purchased — 0.5% (Cost — $4,400,191) 3,858,673
Total Investments Before Options Written — 140.7% (Cost —
$1,048,681,512) 1,020,191,379
Options Written — (0.6)% (Premiums Received — $4,780,149) (4,385,550 )
Total Investments, Net of Options Written — 140.1% (Cost —
$1,043,901,363) 1,015,805,829
Liabilities in Excess of Other Assets — (40.0)% (290,121,889 )
Net Assets — 100.0% $ 725,683,940

(a) 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.

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

25

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Core Bond Trust (BHK)

(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) When-issued security.

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

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

(g) 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.

(h) 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.

(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) Represents an unsettled loan commitment at period end. Certain details associated with this purchase are not known prior to the settlement date, including coupon rate.

(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, 2018, investments in issuers considered to be an affiliate of the Trust for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

Affiliate — BlackRock Liquidity Funds, T-Fund, Institutional Class 14,487,097 (14,302,604 ) 184,493 Value at 11/30/18 — $ 184,493 Income — $ 43,762 Net Realized Gain (Loss) (a) — $ — Change in Unrealized Appreciation (Depreciation) — $ —

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

For Trust compliance purposes, the 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.

Currency Abbreviations

EUR — Euro

GBP — British Pound

JPY — Japanese Yen

NZD — New Zealand Dollar

RUB — New Russian Ruble

USD — United States Dollar

EGP — Egyptian Pound

Portfolio Abbreviations

CLO — Collateralized Loan Obligation

CR — Custodian Receipt

CRC — Costa Rican Colon

EURIBOR — Euro Interbank Offered Rate

FHLMC — Federal Home Loan Mortgage Corp.

FNMA — Federal National Mortgage Association

GO — General Obligation Bonds

LIBOR — London Interbank Offered Rate

MSCI — Morgan Stanley Capital International

OTC — Over-the-Counter

PIK — Payment-In-Kind

RB — Revenue Bonds

26

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Core Bond Trust (BHK)

Reverse Repurchase Agreements

Counterparty Interest Rate Trade Date Maturity Date (a) Type of Non-Cash Underlying Collateral Remaining Contractual Maturity of the Agreements (a)
BNP Paribas Securities Corp. 2.33 % 05/08/18 Open $ 61,016,250 $ 61,825,292 U.S. Treasury Obligations Open/Demand
Deutsche Bank AG 2.32 05/08/18 Open 22,250,000 22,502,408 U.S. Treasury Obligations Open/Demand
BNP Paribas Securities Corp. 2.56 07/23/18 Open 732,762 739,033 Corporate Bonds Open/Demand
BNP Paribas Securities Corp. 2.39 07/25/18 Open 2,108,000 2,124,223 U.S. Government Sponsored Agency Securities Open/Demand
BNP Paribas Securities Corp. 2.39 07/25/18 Open 1,512,500 1,524,140 U.S. Government Sponsored Agency Securities Open/Demand
BNP Paribas Securities Corp. 2.39 07/25/18 Open 2,490,375 2,509,541 U.S. Government Sponsored Agency Securities Open/Demand
Barclays Capital, Inc. 1.30 08/20/18 Open 139,995 140,442 Corporate Bonds Open/Demand
Credit Suisse Securities (USA) LLC 2.50 08/20/18 Open 1,382,875 1,391,988 Corporate Bonds Open/Demand
Credit Suisse Securities (USA) LLC 2.50 08/20/18 Open 1,179,175 1,186,946 Corporate Bonds Open/Demand
Credit Suisse Securities (USA) LLC 2.50 08/20/18 Open 551,850 555,487 Corporate Bonds Open/Demand
Credit Suisse Securities (USA) LLC 2.50 08/20/18 Open 2,229,000 2,243,690 Corporate Bonds Open/Demand
Credit Suisse Securities (USA) LLC 2.50 08/20/18 Open 2,367,862 2,383,467 Corporate Bonds Open/Demand
HSBC Securities (USA), Inc. 2.45 08/20/18 Open 3,678,000 3,701,718 Corporate Bonds Open/Demand
HSBC Securities (USA), Inc. 2.45 08/20/18 Open 3,048,000 3,067,655 Corporate Bonds Open/Demand
HSBC Securities (USA), Inc. 2.45 08/20/18 Open 1,821,000 1,832,743 Capital Trusts Open/Demand
Barclays Capital, Inc. 1.50 09/07/18 Open 81,922 82,164 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.59 09/11/18 Open 2,912,000 2,928,437 Corporate Bonds Open/Demand
Deutsche Bank AG 0.75 09/13/18 Open 61,920 62,003 Corporate Bonds Open/Demand
Nomura Securities International, Inc. 2.39 09/13/18 Open 1,875,000 1,884,350 U.S. Treasury Obligations Open/Demand
BNP Paribas Securities Corp. 2.10 09/19/18 Open 3,590,000 3,605,078 Corporate Bonds Open/Demand
HSBC Securities (USA), Inc. 2.20 09/19/18 Open 4,195,000 4,213,458 Corporate Bonds Open/Demand
HSBC Securities (USA), Inc. 2.20 09/19/18 Open 1,574,000 1,580,926 Corporate Bonds Open/Demand
JPMorgan Chase Bank N.A. 0.05 09/19/18 Open 798,750 798,830 Capital Trusts Open/Demand
JPMorgan Chase Bank N.A. 0.75 09/19/18 Open 130,604 130,800 Corporate Bonds Open/Demand
JPMorgan Chase Bank N.A. 2.00 09/19/18 Open 145,965 146,549 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.34 09/19/18 Open 1,755,000 1,763,213 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.34 09/19/18 Open 3,297,250 3,312,681 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.34 09/19/18 Open 1,755,000 1,763,213 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.34 09/19/18 Open 1,974,375 1,983,615 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.59 09/20/18 Open 7,577,998 7,616,338 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.59 09/20/18 Open 7,687,283 7,726,176 Corporate Bonds Open/Demand
Nomura Securities International, Inc. 2.39 10/05/18 Open 1,680,875 1,686,907 U.S. Treasury Obligations Open/Demand
Nomura Securities International, Inc. 2.39 10/05/18 Open 2,786,000 2,795,977 U.S. Treasury Obligations Open/Demand
BNP Paribas Securities Corp. 2.29 10/09/18 Open 2,872,800 2,882,274 U.S. Treasury Obligations Open/Demand
BNP Paribas Securities Corp. 2.34 10/09/18 Open 2,796,500 2,805,722 U.S. Treasury Obligations Open/Demand
Nomura Securities International, Inc. 2.39 10/15/18 Open 34,820,194 34,923,687 U.S. Treasury Obligations Open/Demand
Nomura Securities International, Inc. 2.39 10/15/18 Open 13,511,813 13,552,153 U.S. Treasury Obligations Open/Demand
Nomura Securities International, Inc. 2.39 10/15/18 Open 2,388,000 2,395,129 U.S. Treasury Obligations Open/Demand
Nomura Securities International, Inc. 2.39 10/15/18 Open 10,455,000 10,486,214 U.S. Treasury Obligations Open/Demand
Barclays Capital, Inc. 0.75 10/16/18 Open 105,105 105,302 Corporate Bonds Open/Demand
Goldman Sachs & Co. LLC 2.09 11/06/18 Open 496,986 497,679 Corporate Bonds Open/Demand
Nomura Securities International, Inc. 2.39 11/07/18 Open 978,750 980,172 U.S. Treasury Obligations Open/Demand
Nomura Securities International, Inc. 2.39 11/07/18 Open 699,540 700,599 U.S. Treasury Obligations Open/Demand

27

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Core Bond Trust (BHK)

Reverse Repurchase Agreements (continued)

Counterparty Interest Rate Trade Date Maturity Date (a) Type of Non-Cash Underlying Collateral Remaining Contractual Maturity of the Agreements (a)
Royal Bank of Canada 2.47 % 11/09/18 1/14/19 $ 637,200 $ 637,987 U.S. Government Sponsored Agency Securities Up to 90 Days
Royal Bank of Canada 2.47 11/09/18 1/14/19 2,061,800 2,064,346 U.S. Government Sponsored Agency Securities Up to 90 Days
Royal Bank of Canada 2.47 11/09/18 1/14/19 17,289,000 17,310,352 U.S. Government Sponsored Agency Securities Up to 90 Days
Royal Bank of Canada 2.47 11/09/18 1/14/19 1,806,700 1,808,931 U.S. Government Sponsored Agency Securities Up to 90 Days
Royal Bank of Canada 2.47 11/09/18 1/14/19 1,539,100 1,541,001 U.S. Government Sponsored Agency Securities Up to 90 Days
Royal Bank of Canada 2.47 11/09/18 1/14/19 4,399,100 4,404,533 U.S. Government Sponsored Agency Securities Up to 90 Days
Royal Bank of Canada 2.47 11/09/18 1/14/19 2,436,700 2,439,709 U.S. Government Sponsored Agency Securities Up to 90 Days
Royal Bank of Canada 2.47 11/09/18 1/14/19 2,215,300 2,218,036 U.S. Government Sponsored Agency Securities Up to 90 Days
Royal Bank of Canada 2.47 11/09/18 1/14/19 6,422,000 6,429,931 U.S. Government Sponsored Agency Securities Up to 90 Days
Royal Bank of Canada 2.47 11/09/18 1/14/19 6,726,300 6,734,607 U.S. Government Sponsored Agency Securities Up to 90 Days
Royal Bank of Canada 2.47 11/09/18 1/14/19 759,500 760,438 U.S. Government Sponsored Agency Securities Up to 90 Days
Citigroup Global Markets, Inc. 1.00 11/15/18 Open 96,901 96,941 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.59 11/15/18 Open 1,855,000 1,857,002 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.59 11/15/18 Open 2,156,572 2,158,900 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.59 11/15/18 Open 2,989,875 2,993,102 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.59 11/15/18 Open 1,650,000 1,651,781 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.59 11/15/18 Open 3,410,000 3,413,740 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.59 11/15/18 Open 4,302,200 4,306,843 Corporate Bonds Open/Demand
Royal Bank of Canada 2.40 11/26/18 12/10/18 6,015,000 6,017,005 U.S. Government Sponsored Agency Securities Up to 30 Days
Credit Suisse Securities (USA) LLC 2.25 11/29/18 Open 165,250 165,250 Foreign Agency Obligations Open/Demand
Nomura Securities International, Inc. 2.39 11/29/18 Open 2,103,975 2,104,872 U.S. Treasury Obligations Open/Demand
Nomura Securities International, Inc. 2.39 11/29/18 Open 3,030,000 3,030,397 U.S. Treasury Obligations Open/Demand
HSBC Securities (USA), Inc. 2.45 11/30/18 Open 3,325,000 3,325,226 Corporate Bonds Open/Demand
$ 296,903,747 $ 298,609,349

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

28

Schedule of Investments (unaudited) (continued) November 30, 2018 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:
Euro Stoxx 600 Index 1 12/21/18 $ 8 $ (721 )
10- Year U.S. Ultra Long Treasury Note 53 03/20/19 6,705 24,763
Ultra Long U.S. Treasury Bond 72 03/20/19 10,973 24,937
90-Day Euro 97 03/15/21 23,527 59,657
108,636
Short Contracts:
Euro-Bund 1 12/06/18 149 (442 )
Euro Bund 44 12/06/18 8,047 (119,086 )
90-Day Euro 70 12/16/19 16,971 2,535
10-Year U.S. Treasury Note 234 03/20/19 27,952 (77,144 )
Long Gilt 1 03/27/19 156 (765 )
2-Year U.S. Treasury Note 321 03/29/19 67,726 (60,654 )
5-Year U.S. Treasury Note 320 03/29/19 36,148 (9,640 )
90-Day Euro 97 03/14/22 23,530 (55,279 )
(320,475 )
$ (211,839 )

Forward Foreign Currency Exchange Contracts

Currency Purchased — NZD 198,000 Currency Sold — USD 135,890 Counterparty — National Australia Bank Ltd. 12/05/18 Unrealized Appreciation (Depreciation) — $ 218
USD 179,471 EUR 157,000 Bank of America N.A. 12/05/18 1,718
USD 235,084 EUR 205,000 Bank of America N.A. 12/05/18 2,985
USD 1,932,260 EUR 1,703,000 JPMorgan Chase Bank N.A. 12/05/18 4,147
USD 8,658,293 EUR 7,631,000 JPMorgan Chase Bank N.A. 12/05/18 18,582
USD 969,265 GBP 759,000 Barclays Bank PLC 12/05/18 2,068
USD 8,768,081 GBP 6,866,000 Barclays Bank PLC 12/05/18 18,704
USD 492,439 RUB 32,827,000 Bank of America N.A. 12/19/18 3,697
USD 1,939,225 EUR 1,701,000 UBS AG 02/05/19 2,133
USD 8,803,466 EUR 7,722,000 UBS AG 02/05/19 9,685
USD 969,433 GBP 758,000 JPMorgan Chase Bank N.A. 02/05/19 139
USD 7,800,225 GBP 6,099,000 JPMorgan Chase Bank N.A. 02/05/19 1,119
65,195
EUR 1,701,000 USD 1,928,084 UBS AG 12/05/18 (2,235 )
EUR 7,722,000 USD 8,752,887 UBS AG 12/05/18 (10,147 )
GBP 758,000 USD 966,071 JPMorgan Chase Bank N.A. 12/05/18 (148 )
GBP 6,099,000 USD 7,773,176 JPMorgan Chase Bank N.A. 12/05/18 (1,190 )
USD 129,647 NZD 198,000 Bank of America N.A. 12/05/18 (6,461 )
USD 136,033 NZD 198,000 National Australia Bank Ltd. 02/05/19 (215 )
(20,396 )
Net Unrealized Appreciation $ 44,799

29

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Core Bond Trust (BHK)

Interest Rate Caps Purchased — Description Exercise Rate Counterparty Expiration Date Notional Amount (000) Value Premiums Paid (Received) Unrealized Depreciation
Call
2Y–10Y CMS Index Cap 0.24 % Barclays Bank PLC 01/24/19 USD 18,000 $ 276 $ 25,560 $ (25,284 )
5Y-10Y CMS Index Cap 0.12 Citibank N.A. 01/25/19 USD 88,650 5,668 19,060 (13,392 )
2Y–10Y CMS Index Cap 0.33 Barclays Bank PLC 01/30/19 USD 19,180 54 21,098 (21,044 )
5Y-30Y CMS Index Cap 0.21 Goldman Sachs Bank USA 02/28/19 USD 68,500 18,837 18,837 —
$ 24,835 $ 84,555 $ (59,720 )

Exchange-Traded Options Purchased

Description Value
Call
90-Day Euro Future 102 03/18/19 USD 97.38 USD 24,831 $ 2,550
90-Day Euro Future 332 06/17/19 USD 97.75 USD 81,133 4,150
90-Day Euro Future 332 03/16/20 USD 97.75 USD 81,133 49,800
$ 56,500

OTC Interest Rate Swaptions Purchased

Description Received by the Trust Counterparty Value
Rate Frequency Rate Frequency
Call
5-Year Interest Rate Swap, 10/27/24 3-Month LIBOR, 2.74 % Quarterly 3.20 % Semi-annual Bank of America N.A. 10/25/19 3.20 USD 9,650 $ 162,795
5-Year Interest Rate Swap, 10/31/24 3-Month LIBOR, 2.74 % Quarterly 3.18 Semi-annual Citibank N.A. 10/29/19 3.18 USD 9,650 155,811
5-Year Interest Rate Swap, 11/22/24 3-Month LIBOR, 2.74 % Quarterly 3.08 Semi-annual Barclays Bank PLC 11/20/19 3.08 USD 9,485 133,589
5-Year Interest Rate Swap, 11/22/24 3-Month LIBOR, 2.74 % Quarterly 3.08 Semi-annual Nomura International PLC 11/20/19 3.08 USD 9,485 134,290
5-Year Interest Rate Swap, 11/29/24 3-Month LIBOR, 2.74 % Quarterly 3.09 Semi-annual Morgan Stanley & Co. International PLC 11/27/19 3.09 USD 18,950 274,754
1-Year Interest Rate Swap, 01/12/21 3-Month LIBOR, 2.74 % Quarterly 2.95 Semi-annual Morgan Stanley & Co. International PLC 01/10/20 2.95 USD 66,720 136,730
1-Year Interest Rate Swap, 01/23/21 3-Month LIBOR, 2.74 % Quarterly 2.95 Semi-annual Morgan Stanley & Co. International PLC 01/21/20 2.95 USD 66,720 141,637
1-Year Interest Rate Swap, 02/01/21 3-Month LIBOR, 2.74 % Quarterly 2.95 Semi-annual Morgan Stanley & Co. International PLC 01/30/20 2.95 USD 32,570 70,423
15-Year Interest Rate Swap, 06/10/35 6-Month JPY LIBOR, (0.00) % Quarterly 0.65 Semi-annual Barclays Bank PLC 06/08/20 0.65 JPY 125,000 23,607
15-Year Interest Rate Swap, 09/16/35 6-Month JPY LIBOR, (0.00) % Quarterly 0.66 Semi-annual Morgan Stanley & Co. International PLC 09/14/20 0.66 JPY 50,000 9,717
15-Year Interest Rate Swap, 09/16/35 6-Month JPY LIBOR, (0.00) % Quarterly 0.66 Semi-annual Barclays Bank PLC 09/14/20 0.66 JPY 50,000 9,717
220-Year Interest Rate Swap, 04/18/41 6-Month JPY LIBOR, (0.00) % Semi-annual 0.78 Semi-annual JPMorgan Chase Bank N.A. 04/16/21 0.78 JPY 105,700 26,316

30

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Core Bond Trust (BHK)

OTC Interest Rate Swaptions Purchased (continued) — Description Paid by the Trust Received by the Trust Counterparty Expiration Date Exercise Rate Notional Amount (000) Value
Rate Frequency Rate Frequency
Call
10-Year Interest Rate Swap, 09/02/31 3-Month LIBOR, 2.74 % Quarterly 3.04 Semi-annual Goldman Sachs Bank USA 08/31/21 3.04 USD 2,240 $ 73,247
30-Year Interest Rate Swap, 04/28/53 3-Month LIBOR, 2.74 % Quarterly 3.11 Semi-annual Goldman Sachs Bank USA 04/26/23 3.11 USD 520 47,977
10-Year Interest Rate Swap, 06/29/38 (a) 3-Month LIBOR, 2.74 % Quarterly 3.05 % Semi-annual Deutsche Bank AG 06/27/28 3.05 USD 3,125 (35,450)
10-Year Interest Rate Swap, 04/29/48 3-Month LIBOR, 2.74 % Quarterly 2.99 Semi-annual JPMorgan Chase Bank N.A. 04/27/38 2.99 USD 910 38,915
1,404,075
Put
5-Year Interest Rate Swap, 09/21/24 3.40 Semi-annual 3-Month LIBOR, 2.74 % Quarterly Citibank N.A. 09/19/19 3.40 USD 21,160 91,119
30-Year Interest Rate Swap, 10/09/49 4.00 Semi-annual 3-Month LIBOR, 2.74 %, Quarterly Deutsche Bank AG 10/07/19 4.00 USD 2,620 14,156
5-Year Interest Rate Swap, 10/27/24 3.20 Semi-annual 3-Month LIBOR, 2.74 % Quarterly Bank of America N.A. 10/25/19 3.20 USD 9,650 73,249
5-Year Interest Rate Swap, 10/31/24 3.18 Semi-annual 3-Month LIBOR, 2.74 %, Quarterly Citibank N.A. 10/29/19 3.18 USD 9,650 78,871
5-Year Interest Rate Swap, 11/22/24 3.08 Semi-annual 3-Month LIBOR, 2.74 % Quarterly Barclays Bank PLC 11/20/19 3.08 USD 9,485 99,397
5-Year Interest Rate Swap, 11/22/24 3.08 Semi-annual 3-Month LIBOR, 2.74 %, Quarterly Nomura International PLC 11/20/19 3.08 USD 9,485 98,809
5-Year Interest Rate Swap, 11/29/24 3.09 Semi-annual 3-Month LIBOR, 2.74 % Quarterly Morgan Stanley & Co. International PLC 11/27/19 3.09 USD 18,950 197,353
30-Year Interest Rate Swap, 02/05/50 4.00 Quarterly 3-Month LIBOR, 2.74 % Semi-annual Goldman Sachs Bank USA 02/03/20 4.00 USD 3,200 14,791
15-Year Interest Rate Swap, 05/17/35 1.10 Semi-annual 6-Month JPY LIBOR, (0.00) %, Semi-annual Barclays Bank PLC 05/15/20 1.10 JPY 250,000 7,753
15-Year Interest Rate Swap, 06/10/35 0.65 Quarterly 6-Month JPY LIBOR, (0.00) %, Semi-annual Barclays Bank PLC 06/08/20 0.65 JPY 125,000 14,712
15-Year Interest Rate Swap, 09/16/35 0.66 Quarterly 6-Month JPY LIBOR, (0.00) %, Semi-annual Barclays Bank PLC 09/14/20 0.66 JPY 50,000 6,890
15-Year Interest Rate Swap, 09/16/35 0.66 Quarterly 6-Month JPY LIBOR, (0.00) %, Semi-annual Morgan Stanley & Co. International PLC 09/14/20 0.66 JPY 50,000 6,890
20-Year Interest Rate Swap, 04/18/41 0.78 Semi-annual 6-Month JPY LIBOR, (0.00) % Semi-annual JPMorgan Chase Bank N.A. 04/16/21 0.78 JPY 105,700 33,030
30-Year Interest Rate Swap, 06/09/51 3.80 Quarterly 3-Month LIBOR, 2.74 % Semi-annual Barclays Bank PLC 06/07/21 3.80 USD 7,560 130,671
10-Year Interest Rate Swap, 09/02/31 3.04 Quarterly 3-Month LIBOR, 2.74 % Semi-annual Goldman Sachs Bank USA 08/31/21 3.04 USD 2,240 97,517
10-Year Interest Rate Swap, 01/13/32 1.25 Semi-annual 6-Month JPY LIBOR, (0.00) % Semi-annual Credit Suisse International 01/11/22 1.25 JPY 250,000 10,447
10-Year Interest Rate Swap, 02/24/32 1.55 Semi-annual 6-Month JPY LIBOR, (0.00) % Semi-annual Credit Suisse International 02/22/22 1.55 JPY 250,000 7,971
10-Year Interest Rate Swap, 03/18/32 1.60 Semi-annual 6-Month JPY LIBOR, (0.00) % Semi-annual JPMorgan Chase Bank N.A. 03/16/22 1.60 JPY 250,000 7,890

31

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Core Bond Trust (BHK)

OTC Interest Rate Swaptions Purchased (continued)

Description Received by the Trust Counterparty Value
Rate Frequency Rate Frequency
Put
10-Year Interest Rate Swap, 04/06/32 1.45 % Semi-annual 6-Month JPY LIBOR, (0.00 )% Semi-annual JPMorgan Chase Bank N.A. 04/04/22 1.45 JPY 250,000 $ 9,589
15-Year Interest Rate Swap, 05/05/37 3.25 Quarterly 3-Month LIBOR, 2.74 % Semi-annual Goldman Sachs Bank USA 05/03/22 3.25 USD 8,100 224,320
30-Year Interest Rate Swap, 02/15/53 3.35 Quarterly 3-Month LIBOR, 2.74 % Semi-annual Barclays Bank PLC 02/13/23 3.35 USD 9,557 795,498
30-Year Interest Rate Swap, 04/28/53 3.11 Quarterly 3-Month LIBOR, 2.74 % Semi-annual Goldman Sachs Bank USA 04/26/23 3.11 USD 520 53,088
10-Year Interest Rate Swap, 04/14/37 3.00 Quarterly 3-Month LIBOR, 2.74 % Semi-annual JPMorgan Chase Bank N.A. 04/12/27 3.00 USD 2,590 171,695
20-Year Interest Rate Swap, 08/11/53 4.00 Annual 6-Month EURIBOR, (0.25 )% Semi-annual Barclays Bank PLC 08/09/33 4.00 EUR 2,410 79,796
10-Year Interest Rate Swap, 04/29/48 2.99 Quarterly 3-Month LIBOR, 2.74 % Semi-annual JPMorgan Chase Bank N.A. 04/27/38 2.99 USD 910 47,761
2,373,263
$ 3,777,338

(a) Forward settling swaption.

Exchange-Traded Options Written

Description Value
Call
90-Day Euro Future 68 03/15/19 USD 97.25 USD (16,533 ) $ (11,050 )
90-Day Euro Future 332 06/17/19 USD 97.88 USD (81,236 ) (2,075 )
90-Day Euro Future 332 03/16/20 USD 97.88 USD (81,236 ) (39,425 )
$ (52,550 )

Interest Rate Caps Written

Description Value Premiums Paid Unrealized Depreciation
Call
5Y–30Y CMS Index Cap 0.31 % Goldman Sachs Bank USA 2/28/19 USD 68,500 $ (6,165 ) $ (6,165 ) $ —

OTC Interest Rate Swaptions Written

Description Received by the Trust Counterparty Value
Rate Frequency Rate Frequency
Call
10-Year Interest Rate Swap, 12/12/28 3.18 % Semi-annual 3-Month LIBOR, 2.74 % Quarterly Morgan Stanley & Co. International PLC 12/10/18 3.18 % USD 2,000 $ (21,832 )
5-Year Interest Rate Swap, 09/21/24 2.90 Semi-annual 3-Month LIBOR, 2.74 % Quarterly Citibank N.A. 09/19/19 2.90 USD 21,160 (182,015 )

32

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Core Bond Trust (BHK)

OTC Interest Rate Swaptions Written (continued)

Description Received by the Trust Counterparty Value
Rate Frequency Rate Frequency
Call
2-Year Interest Rate Swap, 11/09/21 3.30 Semi-annual 3-Month LIBOR, 2.74 % Quarterly Deutsche Bank AG 11/07/19 3.30 USD 11,440 $ (89,131 )
1-Year Interest Rate Swap, 01/12/21 2.45 Semi-annual 3-Month LIBOR, 2.74 % Quarterly Morgan Stanley & Co. International PLC 01/10/20 2.45 USD 100,080 (80,486 )
1-Year Interest Rate Swap, 01/23/21 2.45 % Semi-annual 3-Month LIBOR, 2.74 % Quarterly Morgan Stanley & Co. International PLC 01/21/20 2.45 USD 100,080 (85,054 )
1-Year Interest Rate Swap, 02/01/21 2.45 Semi-annual 3-Month LIBOR, 2.74 % Quarterly Morgan Stanley & Co. International PLC 01/30/20 2.45 USD 48,855 (42,956 )
2-Year Interest Rate Swap, 02/09/22 2.20 Semi-annual 3-Month LIBOR, 2.74 % Quarterly Deutsche Bank AG 02/07/20 2.20 USD 10,790 (15,854 )
2-Year Interest Rate Swap, 02/16/22 2.35 Semi-annual 3-Month LIBOR, 2.74 % Quarterly Deutsche Bank AG 02/14/20 2.35 USD 10,690 (20,942 )
2-Year Interest Rate Swap, 02/23/22 2.35 Semi-annual 3-Month LIBOR, 2.74 % Quarterly UBS AG 02/21/20 2.35 USD 10,600 (21,175 )
2-Year Interest Rate Swap, 04/16/22 2.88 Semi-annual 3-Month LIBOR, 2.74 % Quarterly Deutsche Bank AG 04/14/20 2.88 USD 16,840 (88,411 )
1-Year Interest Rate Swap, 04/18/21 2.45 Semi-annual 3-Month LIBOR, 2.74 % Quarterly Nomura International PLC 04/16/20 2.45 USD 80,500 (96,664 )
2-Year Interest Rate Swap, 04/19/22 2.94 Semi-annual 3-Month LIBOR, 2.74 % Quarterly Bank of America N.A. 04/17/20 2.94 USD 16,540 (95,687 )
2-Year Interest Rate Swap, 05/31/22 2.90 Semi-annual 3-Month LIBOR, 2.74 % Quarterly Deutsche Bank AG 05/29/20 2.90 USD 9,270 (53,866 )
1-Year Interest Rate Swap, 06/10/21 3.05 Semi-annual 3-Month LIBOR, 2.74 % Quarterly Goldman Sachs Bank USA 06/08/20 3.05 USD 33,400 (111,537 )
2-Year Interest Rate Swap, 10/31/22 3.16 Semi-annual 3-Month LIBOR, 2.74 % Quarterly Citibank N.A. 10/29/20 3.16 USD 17,030 (163,364 )
2-Year Interest Rate Swap, 11/11/22 3.27 Semi-annual 3-Month LIBOR, 2.74 % Quarterly Morgan Stanley & Co. International PLC 11/09/20 3.27 USD 8,550 (93,224 )
2-Year Interest Rate Swap, 11/29/22 3.07 Semi-annual 3-Month LIBOR, 2.74 % Quarterly Morgan Stanley & Co. International PLC 11/27/20 3.07 USD 33,225 (296,012 )
2-Year Interest Rate Swap, 11/29/22 3.07 Semi-annual 3-Month LIBOR, 2.74 % Quarterly Citibank N.A. 11/27/20 3.07 USD 16,365 (145,952 )
5-Year Interest Rate Swap, 01/07/27 1.70 Semi-annual 3-Month LIBOR, 2.74 % Quarterly Goldman Sachs Bank USA 01/05/22 1.70 USD 5,000 (27,838 )
5-Year Interest Rate Swap, 02/10/27 1.75 Semi-annual 3-Month LIBOR, 2.74 % Quarterly Deutsche Bank AG 02/08/22 1.75 USD 5,000 (30,355 )
(1,762,355 )
Put
2-Year Interest Rate Swap, 03/14/21 6-Month EURIBOR, (0.25 )% Semi-annual 0.03 Annual Barclays Bank PLC 03/12/19 0.03 EUR 7,600 (1,284 )
2-Year Interest Rate Swap, 05/04/21 3-Month LIBOR, 2.74 % Semi-annual 3.20 Quarterly Barclays Bank PLC 05/02/19 3.20 USD 11,200 (13,934 )
2-Year Interest Rate Swap, 06/16/21 6-Month EURIBOR, (0.25 )% Semi-annual 0.14 Annual Barclays Bank PLC 06/14/19 0.14 EUR 17,660 (7,057 )

33

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Core Bond Trust (BHK)

OTC Interest Rate Swaptions Written (continued)

Description Received by the Trust Counterparty Notional Amount (000) Value
Rate Frequency Rate Frequency
Put
5-Year Interest Rate Swap, 06/27/24 6-Month EURIBOR, (0.25 )% Semi-annual 0.60 Annual Barclays Bank PLC 06/25/19 0.60 EUR 3,684 $ (10,725 )
2-Year Interest Rate Swap, 09/08/21 3-Month LIBOR, 2.74 % Quarterly 3.30 Semi-annual Goldman Sachs Bank USA 09/06/19 3.30 USD 12,140 (23,243 )
2-Year Interest Rate Swap, 09/14/21 3-Month LIBOR, 2.74 % Quarterly 3.35 % Semi-annual Deutsche Bank AG 09/12/19 3.35 % USD 58,330 (97,249 )
2-Year Interest Rate Swap, 11/06/21 3-Month LIBOR, 2.74 % Semi-annual 2.70 Quarterly Barclays Bank PLC 11/04/19 2.70 USD 11,900 (101,731 )
2-Year Interest Rate Swap, 11/08/21 3-Month LIBOR, 2.74 % Semi-annual 2.70 Quarterly JPMorgan Chase Bank N.A. 11/06/19 2.70 USD 20,000 (170,855 )
2-Year Interest Rate Swap, 11/09/21 3-Month LIBOR, 2.74 % Quarterly 3.30 Semi-annual Deutsche Bank AG 11/07/19 3.30 USD 11,440 (28,413 )
2-Year Interest Rate Swap, 01/23/22 3-Month LIBOR, 2.74 % Semi-annual 2.85 Quarterly JPMorgan Chase Bank N.A. 01/21/20 2.85 USD 18,900 (135,506 )
2-Year Interest Rate Swap, 02/05/22 3-Month LIBOR, 2.74 % Semi-annual 3.15 Quarterly Barclays Bank PLC 02/03/20 3.15 USD 35,510 (151,220 )
2-Year Interest Rate Swap, 02/09/22 3-Month LIBOR, 2.74 % Semi-annual 3.20 Quarterly Deutsche Bank AG 02/07/20 3.20 USD 10,790 (41,774 )
2-Year Interest Rate Swap, 02/16/22 3-Month LIBOR, 2.74 % Semi-annual 3.35 Quarterly Deutsche Bank AG 02/14/20 3.35 USD 10,690 (30,858 )
2-Year Interest Rate Swap, 02/23/22 3-Month LIBOR, 2.74 % Semi-annual 3.35 Quarterly UBS AG 02/21/20 3.35 USD 10,600 (31,010 )
2-Year Interest Rate Swap, 04/16/22 3-Month LIBOR, 2.74 % Semi-annual 2.88 Quarterly Deutsche Bank AG 04/14/20 2.88 USD 16,840 (125,561 )
2-Year Interest Rate Swap, 04/19/22 3-Month LIBOR, 2.74 % Semi-annual 2.94 Quarterly Bank of America N.A. 04/17/20 2.94 USD 16,540 (111,342 )
2-Year Interest Rate Swap, 05/07/22 3-Month LIBOR, 2.74 % Semi-annual 3.15 Quarterly Goldman Sachs Bank USA 05/05/20 3.15 USD 8,800 (43,548 )
15-Year Interest Rate Swap, 05/17/35 6-Month JPY LIBOR, (0.00 )% Semi-annual 2.10 Semi-annual Barclays Bank PLC 05/15/20 2.10 JPY 250,000 (1,280 )
2-Year Interest Rate Swap, 05/20/22 3-Month LIBOR, 2.74 % Semi-annual 3.50 Quarterly JPMorgan Chase Bank N.A. 05/18/20 3.50 USD 10,000 (26,820 )
2-Year Interest Rate Swap, 05/24/22 3-Month LIBOR, 2.74 % Semi-annual 3.55 Quarterly Deutsche Bank AG 05/22/20 3.55 USD 16,000 (39,312 )
2-Year Interest Rate Swap, 05/31/22 3-Month LIBOR, 2.74 % Semi-annual 2.90 Quarterly Deutsche Bank AG 05/29/20 2.90 USD 9,270 (69,398 )
2-Year Interest Rate Swap, 05/31/22 3-Month LIBOR, 2.74 % Semi-annual 3.35 Quarterly Goldman Sachs Bank USA 05/29/20 3.35 USD 13,040 (48,377 )
1-Year Interest Rate Swap, 06/10/21 3-Month LIBOR, 2.74 % Semi-annual 3.05 % Quarterly Goldman Sachs Bank USA 06/08/20 3.05 USD 33,400 (96,943 )
2-Year Interest Rate Swap, 06/10/22 3-Month LIBOR, 2.74 % Semi-annual 3.45 Quarterly Goldman Sachs Bank USA 06/08/20 3.45 USD 13,000 (40,189 )
2-Year Interest Rate Swap, 06/17/22 3-Month LIBOR, 2.74 % Semi-annual 3.35 Quarterly Goldman Sachs Bank USA 06/15/20 3.35 USD 8,300 (31,116 )
2-Year Interest Rate Swap, 07/01/22 3-Month LIBOR, 2.74 % Semi-annual 3.20 Quarterly Nomura International PLC 06/29/20 3.20 USD 23,185 (114,378 )
2-Year Interest Rate Swap, 08/26/22 3-Month LIBOR, 2.74 % Semi-annual 3.50 Quarterly Barclays Bank PLC 08/24/20 3.50 USD 16,370 (54,640 )

34

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Core Bond Trust (BHK)

OTC Interest Rate Swaptions Written (continued)

Paid by the Trust Received by the Trust Counterparty Notional Amount (000) Value
Description Rate Frequency Rate Frequency
Put
2-Year Interest Rate Swap, 10/31/22 3-Month LIBOR, 2.74 % Quarterly 3.16 % Semi-annual Citibank N.A. 10/29/20 3.16 % USD 17,030 $ (103,463 )
2-Year Interest Rate Swap, 11/11/22 3-Month LIBOR, 2.74 % Quarterly 3.27 Semi-annual Morgan Stanley & Co. International PLC 11/09/20 3.27 USD 8,550 (45,339 )
2-Year Interest Rate Swap, 11/29/22 3-Month LIBOR, 2.74 % Quarterly 3.07 Semi-annual Morgan Stanley & Co. International PLC 11/27/20 3.07 USD 33,225 (235,569 )
2-Year Interest Rate Swap, 11/29/22 3-Month LIBOR, 2.74 % Quarterly 3.07 Semi-annual Citibank N.A. 11/27/20 3.07 USD 16,365 (115,881 )
10-Year Interest Rate Swap, 04/21/31 6-Month EURIBOR, (0.25 )% Semi-annual 2.15 Annual JPMorgan Chase Bank N.A. 04/19/21 2.15 EUR 4,400 (43,904 )
10-Year Interest Rate Swap, 05/06/31 6-Month EURIBOR, (0.25 )% Semi-annual 2.00 Annual Barclays Bank PLC 05/04/21 2.00 EUR 2,700 (35,892 )
10-Year Interest Rate Swap, 06/09/31 3-Month LIBOR, 2.74 % Semi-annual 3.87 Quarterly Barclays Bank PLC 06/07/21 3.87 USD 8,000 (125,971 )
5-Year Interest Rate Swap, 05/05/27 3-Month LIBOR, 2.74 % Semi-annual 3.25 Quarterly Goldman Sachs Bank USA 05/03/22 3.25 USD 10,130 (210,698 )
$ (2,564,480 )
$ (4,326,835 )

Centrally Cleared Credit Default Swaps — Sell Protection

Reference Obligation/Index Financing Rate Received by the Trust Payment Frequency Termination Date Credit Rating (a) Notional Amount (000) (b)
CDX.NA.HY.31.V1 5.00 % Quarterly 12/20/23 B+ USD 8,300 $ 458,648 $ 329,189 $ 129,459

(a) Using S&P/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.

35

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Core Bond Trust (BHK)

Centrally Cleared Interest Rate Swaps

Paid by the Trust Received by the Trust Notional Amount (000) Value
Rate Frequency Rate Frequency
2.72% Semi-annual 3-Month LIBOR, 2.74% Quarterly N/A 10/11/20 USD 2,500 $ 10,239 $ 27 $ 10,212
3-Month LIBOR, 2.74% Quarterly 2.76 Semi-annual 04/01/19 (a) 04/01/21 USD 4,530 (21,244 ) 53 (21,297 )
3-Month LIBOR, 2.74% Quarterly 2.76 Semi-annual 04/01/19 (a) 04/01/21 USD 4,530 (21,201 ) 53 (21,254 )
3-Month LIBOR, 2.74% Quarterly 2.86 Semi-annual 04/06/20 (a) 04/06/21 USD 8,460 (12,378 ) 90 (12,468 )
0.14 Annual 6-Month EURIBOR, (0.25)% Semi-annual 06/18/19 (a) 06/18/21 EUR 7,945 (31,901 ) 113 (32,014 )
3.11 Semi-annual 3-Month LIBOR, 2.74% Quarterly 09/13/19 (a) 09/13/21 USD 4,820 (7,957 ) (264 ) (7,693 )
3.11 Semi-annual 3-Month LIBOR, 2.74% Quarterly 09/13/19 (a) 09/13/21 USD 1,900 (3,101 ) 22 (3,123 )
3-Month LIBOR, 2.74% Quarterly 3.11 Semi-annual 09/15/20 (a) 09/15/21 USD 36,620 36,035 392 35,643
3-Month LIBOR, 2.74% Quarterly 3.08 Semi-annual 09/15/20 (a) 09/15/21 USD 36,370 27,288 2,144 25,144
3.16 Semi-annual 3-Month LIBOR, 2.74% Quarterly 10/04/19 (a) 10/04/21 USD 91,900 (234,997 ) 108,707 (343,704 )
3.24 Semi-annual 3-Month LIBOR, 2.74% Quarterly 10/07/19 (a) 10/07/21 USD 3,760 (15,694 ) 44 (15,738 )
3.30 Semi-annual 3-Month LIBOR, 2.74% Quarterly 10/08/19 (a) 10/08/21 USD 3,720 (19,115 ) 44 (19,159 )
3.30 Semi-annual 3-Month LIBOR, 2.74% Quarterly 10/08/19 (a) 10/08/21 USD 3,720 (19,713 ) 44 (19,757 )
3.33 Semi-annual 3-Month LIBOR, 2.74% Quarterly 10/22/19 (a) 10/22/21 USD 3,690 (21,449 ) 44 (21,493 )
3-Month LIBOR, 2.74% Quarterly 3.23 Semi-annual 10/25/19 (a) 10/25/21 USD 3,680 14,155 43 14,112
3-Month LIBOR, 2.74% Quarterly 3.25 Semi-annual 10/28/19 (a) 10/28/21 USD 11,070 47,387 130 47,257
3-Month LIBOR, 2.74% Quarterly 3.20 Semi-annual 10/28/19 (a) 10/28/21 USD 4,480 14,945 53 14,892
3-Month LIBOR, 2.74% Quarterly 3.20 Semi-annual 10/28/19 (a) 10/28/21 USD 3,680 11,998 43 11,955
3-Month LIBOR, 2.74% Quarterly 3.17 Semi-annual 10/29/19 (a) 10/29/21 USD 3,670 10,163 43 10,120
3-Month LIBOR, 2.74% Quarterly 3.19 Semi-annual 11/01/19 (a) 11/01/21 USD 5,880 18,628 69 18,559
3.22 Semi-annual 3-Month LIBOR, 2.74% Quarterly 11/15/19 (a) 11/15/21 USD 6,900 (26,039 ) 81 (26,120 )
3.14 Semi-annual 3-Month LIBOR, 2.74% Quarterly 11/17/20 (a) 11/17/21 USD 5,000 (6,300 ) 54 (6,354 )
3-Month LIBOR, 2.74% Quarterly 3.16 Semi-annual 11/18/19 (a) 11/18/21 USD 4,905 12,314 58 12,256
3-Month LIBOR, 2.74% Quarterly 3.20 Semi-annual 11/18/19 (a) 11/18/21 USD 4,905 15,923 58 15,865
3-Month LIBOR, 2.74% Quarterly 3.12 Semi-annual 11/19/19 (a) 11/19/21 USD 2,340 4,132 28 4,104

36

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Core Bond Trust (BHK)

Centrally Cleared Interest Rate Swaps (continued)

Paid by the Trust Received by the Trust Notional Amount (000) Unrealized Appreciation (Depreciation)
Rate Frequency Rate Frequency
3-Month LIBOR, 2.74% Quarterly 3.12% Semi-annual 11/19/19 (a) 11/19/21 USD 4,350 7,804 $ 51 $ 7,753
3-Month LIBOR, 2.74% Quarterly 3.13 Semi-annual 11/19/19 (a) 11/19/21 USD 3,650 7,650 43 7,607
3-Month LIBOR, 2.74% Quarterly 3.07 Semi-annual 11/21/19 (a) 11/21/21 USD 7,270 5,846 86 5,760
3-Month LIBOR, 2.74% Quarterly 3.02 Semi-annual 12/03/19 (a) 12/03/21 USD 3,600 (273 ) 42 (315 )
3-Month LIBOR, 2.74% Quarterly 3.02 Semi-annual 12/03/19 (a) 12/03/21 USD 3,600 135 42 93
2.62 Semi-annual 3-Month LIBOR, 2.74% Quarterly 01/22/20 (a) 01/22/22 USD 7,200 53,673 85 53,588
2.85 Semi-annual 3-Month LIBOR, 2.74% Quarterly 02/07/20 (a) 02/07/22 USD 13,020 40,229 153 40,076
2.96 Semi-annual 3-Month LIBOR, 2.74% Quarterly 02/24/20 (a) 02/24/22 USD 3,930 3,689 46 3,643
2.98 Semi-annual 3-Month LIBOR, 2.74% Quarterly 03/24/20 (a) 03/24/22 USD 9,300 3,941 110 3,831
2.86 Semi-annual 3-Month LIBOR, 2.74% Quarterly 04/06/21 (a) 04/06/22 USD 8,460 9,969 90 9,879
2.85 Semi-annual 3-Month LIBOR, 2.74% Quarterly 04/07/20 (a) 04/07/22 USD 3,750 10,577 43 10,534
3.08 Semi-annual 3-Month LIBOR, 2.74% Quarterly 05/12/20 (a) 05/12/22 USD 3,070 (4,779 ) 35 (4,814 )
2.87 Semi-annual 3-Month LIBOR, 2.74% Quarterly 06/02/20 (a) 06/02/22 USD 4,000 9,290 46 9,244
3-Month LIBOR, 2.74% Quarterly 2.96 Semi-annual 07/21/20 (a) 07/19/22 USD 9,760 (4,824 ) 115 (4,939 )
3.09 Semi-annual 3-Month LIBOR, 2.74% Quarterly 07/28/20 (a) 07/28/22 USD 5,680 (9,980 ) 67 (10,047 )
2.93 Semi-annual 3-Month LIBOR, 2.74% Quarterly 08/28/20 (a) 08/28/22 USD 4,490 4,612 53 4,559
3.06 Semi-annual 3-Month LIBOR, 2.74% Quarterly 09/14/21 (a) 09/14/22 USD 36,620 (26,023 ) 392 (26,415 )
3.02 Semi-annual 3-Month LIBOR, 2.74% Quarterly 09/14/21 (a) 09/14/22 USD 36,370 (12,599 ) 56 (12,655 )
3.29 Semi-annual 3-Month LIBOR, 2.74% Quarterly 10/07/20 (a) 10/07/22 USD 3,060 (17,286 ) 36 (17,322 )
3.30 Semi-annual 3-Month LIBOR, 2.74% Quarterly 10/07/20 (a) 10/07/22 USD 3,060 (17,371 ) 36 (17,407 )
3.31 Semi-annual 3-Month LIBOR, 2.74% Quarterly 10/07/20 (a) 10/07/22 USD 3,055 (18,130 ) 36 (18,166 )
3.31 Semi-annual 3-Month LIBOR, 2.74% Quarterly 10/07/20 (a) 10/07/22 USD 3,055 (18,412 ) 36 (18,448 )
3-Month LIBOR, 2.74% Quarterly 3.21 Semi-annual 10/13/20 (a) 10/13/22 USD 3,830 15,655 45 15,610
3-Month LIBOR, 2.74% Quarterly 3.24 Semi-annual 10/13/20 (a) 10/13/22 USD 3,850 17,863 45 17,818

37

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Core Bond Trust (BHK)

Centrally Cleared Interest Rate Swaps (continued)

Paid by the Trust Received by the Trust Notional Amount(000)
Rate Frequency Rate Frequency Value
3-Month LIBOR, 2.74% Quarterly 3.25% Semi-annual 10/13/20 (a) 10/13/22 USD 1,900 9,340 $ 22 $ 9,318
3-Month LIBOR, 2.74% Quarterly 2.66 Semi-annual N/A 02/15/23 USD 5,490 (33,958 ) 61 (34,019 )
3-Month LIBOR, 2.74% Quarterly 2.78 Semi-annual N/A 03/02/23 USD 3,140 (21,136 ) 36 (21,172 )
3-Month LIBOR, 2.74% Quarterly 2.80 Semi-annual N/A 03/15/23 USD 3,920 (24,873 ) 45 (24,918 )
3-Month LIBOR, 2.74% Quarterly 2.71 Semi-annual N/A 04/03/23 USD 9,210 (97,366 ) 106 (97,472 )
3-Month LIBOR, 2.74% Quarterly 2.74 Semi-annual N/A 04/03/23 USD 4,700 (43,607 ) 54 (43,661 )
3-Month LIBOR, 2.74% Annual 2.68 Annual 04/03/19 (a) 05/31/23 USD 24,330 4,680 321 4,359
3-Month LIBOR, 2.74% Quarterly 2.89 Semi-annual N/A 06/06/23 USD 16,340 75,072 188 74,884
3-Month LIBOR, 2.74% Quarterly 3.18 Semi-annual N/A 11/09/23 USD 3,925 38,082 51 38,031
3.05 Semi-annual 3-Month LIBOR, 2.74% Quarterly N/A 11/29/23 USD 23,340 (73,979 ) 307 (74,286 )
2.92 Semi-annual 3-Month LIBOR, 2.74% Quarterly 07/19/22 (a) 07/19/24 USD 20,510 25,874 242 25,632
3-Month LIBOR, 2.74% Quarterly 2.94 Semi-annual 08/23/19 (a) 08/23/24 USD 14,640 (42,294 ) 193 (42,487 )
3.10 Semi-annual 3-Month LIBOR, 2.74% Quarterly 11/29/19 (a) 11/29/24 USD 3,030 (13,522 ) 40 (13,562 )
3.08 Semi-annual 3-Month LIBOR, 2.74% Quarterly 03/29/19 (a) 10/31/25 USD 2,610 (10,768 ) (2,143 ) (8,625 )
3-Month LIBOR, 2.74% Quarterly 2.98 Semi-annual 07/19/24 (a) 07/19/26 USD 10,810 (20,070 ) 127 (20,197 )
3-Month LIBOR, 2.74% Quarterly 2.75 Semi-annual 01/05/22 (a) 01/05/27 USD 1,430 (17,878 ) 18 (17,896 )
6-Month EURIBOR, (0.25)% Semi-annual 0.90 Annual 12/10/18 (a) 08/15/27 EUR 6,970 103,360 138 103,222
2.34 Semi-annual 3-Month LIBOR, 2.74% Quarterly N/A 10/12/27 USD 1,250 68,197 17 68,180
6-Month JPY LIBOR, (0.00)% Semi-annual 0.37 Semi-annual N/A 01/29/28 JPY 181,730 23,163 26 23,137
2.88 Semi-annual 3-Month LIBOR, 2.74% Quarterly N/A 02/15/28 USD 2,600 15,034 38 14,996
2.93 Semi-annual 3-Month LIBOR, 2.74% Quarterly N/A 03/02/28 USD 1,630 12,503 24 12,479
2.93 Semi-annual 3-Month LIBOR, 2.74% Quarterly N/A 03/15/28 USD 2,040 16,055 30 16,025
2.81 Semi-annual 3-Month LIBOR, 2.74% Quarterly N/A 04/03/28 USD 4,770 89,398 71 89,327
2.84 Semi-annual 3-Month LIBOR, 2.74% Quarterly N/A 04/03/28 USD 2,440 38,944 36 38,908

38

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Core Bond Trust (BHK)

Centrally Cleared Interest Rate Swaps (continued)

Paid by the Trust Received by the Trust Notional Amount (000) Upfront Premium Paid (Received)
Rate Frequency Rate Frequency Value
2.98% Semi-annual 3-Month LIBOR, 2.74% Quarterly N/A 06/06/28 USD 8,480 $ (28,094 ) $ 120 $ (28,214 )
6-Month JPY LIBOR, ()% Semi-annual 0.36 Semi-annual N/A 07/31/28 JPY 113,000 12,760 17 12,743
3.12 Semi-annual 3-Month LIBOR, 2.74% Quarterly 03/29/19 (a) 08/15/28 USD 16,160 (79,821 ) 17,937 (97,758 )
3-Month LIBOR, 2.74% Quarterly 3.25 Semi-annual N/A 10/09/28 USD 1,230 22,541 19 22,522
3.27 Semi-annual 3-Month LIBOR, 2.74% Quarterly N/A 11/09/28 USD 2,058 (40,046 ) 32 (40,078 )
3-Month LIBOR, 2.74% Quarterly 3.14 Semi-annual N/A 11/29/28 USD 12,190 94,818 191 94,627
1.37 Annual 6-Month EURIBOR, (0.25)% Semi-annual 02/20/19 (a) 02/20/29 EUR 1,970 (96,988 ) 44 (97,032 )
1.38 Annual 6-Month EURIBOR, (0.25)% Semi-annual 02/22/19 (a) 02/22/29 EUR 590 (29,623 ) 13 (29,636 )
0.52 Semi-annual 6-Month JPY LIBOR, (0.00)% Semi-annual 11/30/21 (a) 11/30/31 JPY 95,000 (1,965 ) 16 (1,981 )
3-Month LIBOR, 2.74% Quarterly 3.18 Semi-annual 05/09/28 (a) 05/09/38 USD 1,590 (11,605 ) 24 (11,629 )
3.08 Semi-annual 3-Month LIBOR, 2.74% Quarterly 06/29/28 (a) 06/29/38 USD 230 3,180 3 3,177
3-Month LIBOR, 2.74% Quarterly 2.95 Semi-annual 12/31/18 (a) 02/15/44 USD 1,430 (53,520 ) (63,015 ) 9,495
2.95 Semi-annual 3-Month LIBOR, 2.74% Quarterly 12/31/18 (a) 02/15/44 USD 1,430 53,521 63,077 (9,556 )
3.23 Semi-annual 3-Month LIBOR, 2.74% Quarterly 03/29/19 (a) 05/15/44 USD 7,170 (89,625 ) (37,094 ) (52,531 )
3-Month LIBOR, 2.74% Quarterly 3.22 Semi-annual 03/29/19 (a) 05/15/44 USD 1,900 21,245 39 21,206
3.35 Semi-annual 3-Month LIBOR, 2.74% Quarterly N/A 11/09/48 USD 1,770 (73,920 ) 40 (73,960 )
3-Month LIBOR, 2.74% Quarterly 3.06 Semi-annual 02/15/23 (a) 02/15/53 USD 3,210 (60,122 ) 72 (60,194 )
$ (393,639 ) $ 95,545 $ (489,184 )

(a) Forward Swap.

39

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Core Bond Trust (BHK)

OTC Credit Default Swaps — Sell Protection

Reference Obligation/Index — Telecom Italia SpA/Milano 1.00 % Quarterly Citibank N.A. 12/20/22 N/R EUR 20 Value — $ (1,427 ) Upfront Premium Paid (Received) — $ (341 ) Unrealized Appreciation (Depreciation) — $ (1,086 )
Casino Guichard Perrachon SA 1.00 Quarterly BNP Paribas S.A. 06/20/23 BB+ EUR 10 (1,987 ) (934 ) (1,053 )
Casino Guichard Perrachon SA 1.00 Quarterly JPMorgan Chase Bank N.A. 06/20/23 BB+ EUR 10 (1,987 ) (925 ) (1,062 )
Casino Guichard Perrachon SA 1.00 Quarterly Bank of America N.A. 06/20/23 BB+ EUR 6 (1,225 ) (881 ) (344 )
Casino Guichard Perrachon SA 1.00 Quarterly Citibank N.A. 06/20/23 BB+ EUR 14 (2,749 ) (1,864 ) (885 )
Casino Guichard Perrachon SA 1.00 Quarterly JPMorgan Chase Bank N.A. 06/20/23 BB+ EUR 5 (1,082 ) (666 ) (416 )
Casino Guichard Perrachon SA 1.00 Quarterly Citibank N.A. 06/20/23 BB+ EUR 9 (1,801 ) (1,185 ) (616 )
Casino Guichard Perrachon SA 1.00 Quarterly JPMorgan Chase Bank N.A. 06/20/23 BB+ EUR 9 (1,802 ) (1,185 ) (617 )
Casino Guichard Perrachon SA 1.00 Quarterly JPMorgan Chase Bank N.A. 06/20/23 BB+ EUR 4 (721 ) (444 ) (277 )
Casino Guichard Perrachon SA 1.00 Quarterly Barclays Bank PLC 06/20/23 BB+ EUR 6 (1,151 ) (681 ) (470 )
Casino Guichard Perrachon SA 1.00 Quarterly Barclays Bank PLC 06/20/23 BB+ EUR 44 (8,785 ) (5,357 ) (3,428 )
Intrum Justitia AB 5.00 Quarterly Credit Suisse International 06/20/23 BB+ EUR 10 543 930 (387 )
Intrum Justitia AB 5.00 Quarterly Credit Suisse International 06/20/23 BB+ EUR 5 248 503 (255 )
Intrum Justitia AB 5.00 Quarterly Morgan Stanley & Co. International PLC 06/20/23 BB+ EUR 15 838 1,697 (859 )
Intrum Justitia AB 5.00 Quarterly Citibank N.A. 06/20/23 BB+ EUR 9 507 433 74
Intrum Justitia AB 5.00 Quarterly Citibank N.A. 06/20/23 BB+ EUR 21 1,123 958 165
Thomas Cook Finance 2 PLC 5.00 Quarterly Morgan Stanley & Co. International PLC 06/20/23 B+ EUR 50 (5,094 ) 6,227 (11,321 )
Casino Guichard Perrachon SA 1.00 Quarterly Barclays Bank PLC 12/20/23 BB+ EUR 40 (8,855 ) (6,407 ) (2,448 )
Chesapeake Energy Corp. 5.00 Quarterly Barclays Bank PLC 12/20/23 B- USD 48 (1,733 ) 93 (1,826 )
Chesapeake Energy Corp. 5.00 Quarterly Barclays Bank PLC 12/20/23 B- USD 208 (7,509 ) 2,027 (9,536 )
Garfunkelux Holdco 2 SA 5.00 Quarterly JPMorgan Chase Bank N.A. 12/20/23 B+ EUR 9 (1,635 ) (62 ) (1,573 )
Garfunkelux Holdco 2 SA 5.00 Quarterly Credit Suisse International 12/20/23 B+ EUR 4 (712 ) 73 (785 )
Garfunkelux Holdco 2 SA 5.00 Quarterly Credit Suisse International 12/20/23 B+ EUR 16 (3,106 ) 316 (3,422 )
Telecom Italia SpA/Milano 1.00 Quarterly Barclays Bank PLC 12/20/23 N/R EUR 52 (5,699 ) (5,070 ) (629 )
Telecom Italia SpA/Milano 1.00 Quarterly JPMorgan Chase Bank N.A. 12/20/23 N/R EUR 48 (5,357 ) (5,037 ) (320 )
Tesco PLC 1.00 Quarterly Citibank N.A. 12/20/23 BB+ EUR 30 (459 ) (447 ) (12 )
CMBX NA.8 3.00 Monthly Barclays Bank PLC 10/17/57 N/R USD 5,000 (417,071 ) (512,085 ) 95,014

40

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Core Bond Trust (BHK)

OTC Credit Default Swaps — Sell Protection (continued)

Reference Obligation/Index — CMBX NA.8 3.00 % Monthly Morgan Stanley & Co. International PLC 10/17/57 Credit Rating (a) — N/R USD 5,550 Value — $ (464,799 ) Upfront Premium Paid (Received) — $ (747,518 ) Unrealized Appreciation (Depreciation) — $ 282,719
CMBX NA.8 3.00 Monthly Credit Suisse International 10/25/57 N/R USD 2,500 (208,536 ) (253,053 ) 44,517
CMBX NA.9 3.00 Monthly Morgan Stanley & Co. International PLC 09/17/58 N/R USD 9,450 (804,854 ) (1,176,895 ) 372,041
CMBX NA.9 3.00 Monthly Credit Suisse International 09/17/58 N/R USD 5,000 (425,849 ) (547,492 ) 121,643
CMBX NA.9 3.00 Monthly Credit Suisse International 09/17/58 N/R USD 5,000 (425,849 ) (547,492 ) 121,643
CMBX NA.9 3.00 Monthly Credit Suisse International 09/17/58 N/R USD 5,000 (425,849 ) (541,512 ) 115,663
CMBX NA.9 3.00 Monthly Credit Suisse International 09/17/58 N/R USD 5,000 (425,849 ) (547,440 ) 121,591
$ (3,660,273 ) $ (4,891,716 ) $ 1,231,443

(a) Using S&P/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.

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 quoted prices in active markets/exchanges for identical assets or liabilities that 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 Turst’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 Fund’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 Fund’s policy regarding valuation of investments and derivative financial instruments, refer to the Fund’s most recent financial statements as contained in its annual report.

41

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Core Bond Trust (BHK)

The following tables summarize the Fund’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 $ — $ 58,804,759 $ 1,212,847 $ 60,017,606
Corporate Bonds — 469,773,341 8,053,815 477,827,156
Floating Rate Loan Interests — 15,823,132 1,778,593 17,601,725
Foreign Agency Obligations — 24,210,819 — 24,210,819
Municipal Bonds — 23,155,123 — 23,155,123
Non-Agency Mortgage-Backed Securities — 56,029,436 — 56,029,436
Preferred Securities 7,304,421 79,226,148 — 86,530,569
U.S. Government Sponsored Agency Securities — 109,436,570 — 109,436,570
U.S. Treasury Obligations — 160,597,611 — 160,597,611
Short-Term Securities:
Foreign Agency Obligations — 741,598 — 741,598
Short-Term Investment Fund 184,493 — — 184,493
Options Purchased
Interest Rate Contracts 56,500 3,802,173 — 3,858,673
Liabilities:
Investments:
Unfunded Floating Rate Loan Interests (a) (11 ) — (11 )
$ 7,545,414 $ 1,001,600,699 $ 11,045,255 $ 1,020,191,368
Derivative Financial Instruments (b)
Assets:
Credit contracts $ — $ 1,404,529 $ — $ 1,404,529
Forward foreign currency contracts — 65,195 — 65,195
Interest rate contracts 111,892 1,092,382 — 1,204,274
Liabilities:
Credit contracts — (43,627 ) — (43,627 )
Forward foreign currency contracts — (20,396 ) — (20,396 )
Equity contracts (721 ) — — (721 )
Interest rate contracts (375,560 ) (5,914,566 ) — (6,290,126 )
$ (264,389 ) $ (3,416,483 ) $ — $ (3,680,872 )

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

(b) Derivative financial instruments are swaps, futures contracts and forward foreign currency exchange contracts. 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.

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 statement purposes. As of period end, reverse repurchase agreements of $298,609,349 are categorized as level 2 within the disclosure hierarchy.

During the year ended November 30, 2018, there were no transfers between Level 1 and Level 2.

42

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Core Bond Trust (BHK)

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
Assets:
Opening balance, as of August 31, 2018 $ 248,806 $ 8,366,900 $ 1,241,580 $ 1 $ 9,857,287
Transfers into Level 3 — — 804,291 — 804,291
Transfers out of Level 3 — — (111,573 ) — (111,573 )
Accrued discounts/premiums (21,383 ) — 149 — (21,234 )
Net realized gain (loss) (77,199 ) — 491 — (76,708 )
Net change in unrealized appreciation (depreciation) 62,623 (288,312 ) (17,986 ) (1 ) (243,676 )
Purchases 1,000,000 — 177,360 — 1,177,360
Sales — (24,773 ) (315,719 ) — (340,492 )
Closing balance, as of November 30, 2018 $ 1,212,847 $ 8,053,815 $ 1,778,593 $ — $ 11,045,255
Net change in unrealized appreciation (depreciation) on investments still held at November 30, 2018 (a) $ 62,623 $ (288,312) $ (16,568) $ — $ (242,258)

(a) Any difference between net change in unrealized appreciation (depreciation) and net change in unrealized appreciation (depreciation) on investments still held at November 30, 2018 is generally due to investments no longer held or categorized as Level 3 at period end.

The following table summarizes the valuation approaches used and unobservable inputs utilized by the BlackRock Global Valuation Methodologies Committee (the “Global Valuation Committee”) to determine the value of certain of the Fund’s Level 3 investments as of period end. The table does not include Level 3 investments with values based upon unadjusted third party pricing information in the amount of $2,991,440. A significant change in the third party information could result in a significantly lower or higher value of such Level 3 investments.

Assets:
Corporate Bonds 8,053,815 Income Credit Spread (a) 135 – 310 238.14

(a) Decrease in unobservable input may result in a significant increase to value, while an increase in the unobservable input may result in a significant decrease to value.

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 18, 2019

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

By: /s/ John M. Perlowski
John M. Perlowski
Chief Executive Officer (principal executive officer) of BlackRock Core Bond Trust
Date: January 18, 2019
By: /s/ Neal J. Andrews
Neal J. Andrews
Chief Financial Officer (principal financial officer) of BlackRock Core Bond Trust

Date: January 18, 2019

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