Regulatory Filings • Jul 25, 2013
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Download Source FileN-Q 1 e54670nq.htm QUARTERLY SCHEDULE
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 811-21349
Name of Fund: BlackRock Limited Duration Income Trust (BLW)
Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809
Name and address of agent for service: John M. Perlowski, Chief Executive Officer, BlackRock Limited Duration Income 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: 08/31/2013
Date of reporting period: 05/31/2013
Item 1 – Schedule of Investments
Field: Page; Sequence: 1
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Consolidated Schedule of Investments May 31, 2013 (Unaudited) BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)
| Asset-Backed
Securities | | | |
| --- | --- | --- | --- |
| 321
Henderson Receivables I LLC (a): | | | |
| Series
2010-2A, Class A, 4.07%, 1/15/48 | USD | 1,406 | $ 1,543,499 |
| Series
2010-3A, Class A, 3.82%, 12/15/48 | 4,009 | | 4,287,671 |
| ACAS
CLO Ltd. (a)(b): | | | |
| Series
2012-1A, Class D, 5.13%, 9/20/23 | 1,750 | | 1,763,125 |
| Series
2013-1A, Class D, 4.09%, 4/20/25 | 750 | | 723,750 |
| Adirondack
Park CLO Ltd., Series 2013-1A, Class D, 3.93%, 4/15/24 (a)(b) | 1,750 | | 1,707,125 |
| ALM
Loan Funding Ltd., Series 2010-3AR, Class D, 4.52%, 11/20/20 (a)(b) | 4,000 | | 4,000,000 |
| Apidos
CDO XI, Series 2012-11A, Class D, 4.74%, 1/17/23 (a)(b) | 1,000 | | 996,500 |
| Atrium
CDO Corp., Series 9A, Class D, 3.96%, 2/28/24 (a)(b) | 750 | | 718,597 |
| Capital
One Multi-Asset Execution Trust, Series 4-3C, 6.63%, 4/19/17 | GBP | 2,650 | 4,186,529 |
| Carlyle
Global Market Strategies, Series 2013-1A, Class C, 4.29%, 2/14/25 (a)(b) | USD | 250 | 250,098 |
| CarMax
Auto Owner Trust, Series 2012-3, Class D, 2.29%, 4/15/19 | 2,530 | | 2,513,249 |
| Cavalry
CLO Ltd., Series 2A, Class D, 4.38%, 1/17/24 (a)(b) | 500 | | 490,000 |
| Central
Park CLO Ltd., Series 2011-1A, Class D, 3.48%, 7/23/22 (a)(b) | 500 | | 491,250 |
| Conseco
Financial Corp., Series 1995-5, Class M1, 7.65%, 9/15/26 (b) | 134 | | 134,710 |
| Countrywide
Asset-Backed Certificates (b): | | | |
| Series
2007-12, Class 2A1, 0.54%, 8/25/47 | 341 | | 338,883 |
| Series
2007-7, Class 2A2, 0.35%, 10/25/47 | 2,370 | | 2,320,861 |
| CSAM
Funding, Series 2A, Class B1, 7.05%, 10/15/16 (a) | 750 | | 750,000 |
| ECP
CLO Ltd., Series 2013-5A, Class C, 3.82%, 1/20/25 (a)(b) | 1,500 | | 1,419,510 |
| Fraser
Sullivan CLO VII Ltd., Series 2012-7A, Class C, 4.28%, 4/20/23 (a)(b) | 1,090 | | 1,089,989 |
| Goldentree
Loan Opportunities VI Ltd., Series 2012-6A, Class D, 4.48%, 4/17/22 (a)(b) | 1,500 | | 1,500,300 |
| GSAA
Trust, Series 2007-3, Class 1A2, 0.36%, 3/25/47 (b) | 2,910 | | 1,481,655 |
| Asset-Backed
Securities | Par (000) | | Value |
| Halcyon
Loan Advisors Funding Ltd., Series 2013-1A, Class C, 3.78%, 4/15/25 (a)(b) | USD | 1,000 | $ 964,290 |
| ING
Investment Management, Series 2012-2A, Class D, 4.83%, 10/15/22 (a)(b) | | 1,800 | 1,812,600 |
| Oak
Hill Credit Opportunities Funding, Ltd., Series 2006-1A, Class B1, 0.68%, 9/13/13 (a)(b) | | 3,400 | 3,366,000 |
| Octagon
Investment Partners XVI, Ltd., Series 2013-1A, Class D, 3.62%, 7/17/25 (a)(b)(c) | | 500 | 486,900 |
| OZLM
Funding Ltd. (a)(b): | | | |
| Series
2012-2A, Class C, 4.63%, 10/30/23 | | 500 | 498,200 |
| Series
2013-3A, Class C, 4.15%, 1/22/25 | | 1,000 | 983,300 |
| Regatta
Funding LP, Series 2013-2A, Class C, 4.80%, 1/15/25 (a)(b) | | 500 | 500,065 |
| Santander
Consumer Acquired Receivables Trust, Series 2011-S1A, Class D, 3.15%, 8/15/16 (a) | | 1,875 | 1,889,996 |
| Santander
Drive Auto Receivables Trust(a): | | | |
| Series
2011-S1A, Class D, 3.10%, 5/15/17 | | 341 | 341,350 |
| Series
2011-S2A, Class B, 2.06%, 6/15/17 | | 348 | 349,890 |
| Series
2011-S2A, Class C, 2.86%, 6/15/17 | | 360 | 362,688 |
| SLC
Student Loan Trust, Series 2006-A, Class A4, 0.40%, 1/15/19 (b) | | 500 | 499,188 |
| Spirit
Issuer Plc, Series A2, 3.21%, 12/28/31 | GBP | 1,800 | 2,256,308 |
| Sterling
Bank Trust, Series 2004-2, Class Note, 2.08%, 3/30/30 (a) | USD | 10,037 | 781,017 |
| Sterling
Coofs Trust, Series 20041, Class A, 2.36%, 4/15/29 (b) | | 9,390 | 674,925 |
| World
Financial Network Credit Card Master Trust, Series 2012-C, Class B, 3.57%, 8/15/22 | | 3,000 | 3,110,862 |
| Total
Asset-Backed Securities – 7.8% | | | 51,584,880 |
| Common
Stocks | | Shares | |
| Auto
Components — 0.0% | | | |
| Lear
Corp. | 807 | | 48,404 |
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BLACKROCK LIMITED DURATION INCOME TRUST MAY 31, 2013 1
Field: /Page
Consolidated Schedule of Investments (continued) BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)
| Common
Stocks | | | |
| --- | --- | --- | --- |
| Construction
& Engineering — 0.0% | | | |
| USI
United Subcontractors (d) | | 6,454 | $ 6,454 |
| Diversified
Financial Services — 0.4% | | | |
| Kcad
Holdings I Ltd. (d) | 384,412,912 | | 2,494,840 |
| Hotels,
Restaurants & Leisure — 0.5% | | | |
| BLB
Worldwide Holdings, Inc. (d) | | 51,947 | 1,227,248 |
| Travelport
LLC (d) | | 2,589,331 | 2,123,251 |
| | | | 3,350,499 |
| Metals
& Mining — 0.0% | | | |
| Euramax
International (d) | | 234 | 46,740 |
| Paper
& Forest Products — 0.2% | | | |
| NewPage
Corp. (d) | | 13,780 | 1,309,100 |
| Software
— 0.3% | | | |
| Bankruptcy
Management Solutions, Inc. (d) | | 880 | — |
| HMH
Holdings/EduMedia (d) | | 71,219 | 1,883,746 |
| | | | 1,883,746 |
| Total
Common Stocks – 1.4% | | | 9,139,783 |
| Corporate
Bonds | | Par (000) | |
| Aerospace
& Defense — 0.6% | | | |
| DigitalGlobe,
Inc., 5.25%, 2/01/21 (a)(e) | USD | 928 | 934,960 |
| Huntington
Ingalls Industries, Inc., 7.13%, 3/15/21 (e) | | 570 | 625,575 |
| Kratos
Defense & Security Solutions, Inc., 10.00%, 6/01/17 (e) | | 1,966 | 2,142,940 |
| Meccanica
Holdings USA, Inc., 6.25%, 7/15/19 (a) | | 339 | 356,052 |
| | | | 4,059,527 |
| Airlines
— 1.4% | | | |
| Air
Canada Pass-Through Trust, Series 2013-1, Class C, 6.63%, 5/15/18 (a) | | 381 | 390,449 |
| American
Airlines Pass-Through Trust, Series 2011-2, Class A, 8.63%, 4/15/23 | | 521 | 550,100 |
| Continental
Airlines Pass-Through Trust, Series 2012-3, Class C, 6.13%, 4/29/18 (e) | | 2,090 | 2,194,500 |
| Continental
Airlines, Inc., 6.75%, 9/15/15 (a)(e) | | 1,350 | 1,409,062 |
| Delta
Air Lines Pass-Through Trust, Series 2009-1, Class B, 9.75%, 6/17/18 (e) | | 244 | 277,651 |
| US
Airways Group, Inc., 6.13%, 6/01/18 | | 390 | 379,763 |
| Corporate
Bonds | | Par (000) | Value |
| Airlines
(concluded) | | | |
| US
Airways Pass-Through Trust (e): | | | |
| Series
2011-1, Class C, 10.88%, 10/22/14 | USD | 1,087 | $ 1,168,058 |
| Series
2012-1, Class C, 9.13%, 10/01/15 | | 2,510 | 2,717,177 |
| | | | 9,086,760 |
| Auto
Components — 1.4% | | | |
| Affinia
Group, Inc., 7.75%, 5/01/21 (a)(e) | | 1,095 | 1,138,800 |
| Brighthouse
Group Ltd., 7.88%, 5/15/18 | GBP | 100 | 154,979 |
| Continental
Rubber of America Corp., 4.50%, 9/15/19 (a) | USD | 150 | 155,625 |
| GKN
Holdings PLC, 5.38%, 9/19/22 | GBP | 220 | 353,896 |
| Icahn
Enterprises LP: | | | |
| 4.00%,
8/15/13 (b)(f) | USD | 2,305 | 2,299,238 |
| 8.00%,
1/15/18 | | 610 | 646,600 |
| Jaguar
Land Rover Automotive Plc (FKA Jaguar Land Rover Plc), 8.25%, 3/15/20 | GBP | 554 | 951,174 |
| Schaeffler
Finance BV: | | | |
| 4.25%,
5/15/18 | EUR | 148 | 194,767 |
| 4.75%,
5/15/21 (a) | USD | 750 | 736,875 |
| Servus
Luxembourg Holdings SCA, 7.75%, 6/15/18 | EUR | 342 | 446,181 |
| Titan
International, Inc. (e): | | | |
| 7.88%,
10/01/17 (a) | USD | 735 | 786,450 |
| 7.88%,
10/01/17 | | 1,330 | 1,423,100 |
| | | | 9,287,685 |
| Beverages
— 0.0% | | | |
| Constellation
Brands, Inc., 7.25%, 5/15/17 | | 82 | 95,837 |
| Crown
European Holdings SA, 7.13%, 8/15/18 (a) | EUR | 50 | 70,349 |
| | | | 166,186 |
| Building
Products — 1.0% | | | |
| American
Builders & Contractors Supply Co., Inc., 5.63%, 4/15/21 (a) | USD | 415 | 420,188 |
| Builders
FirstSource, Inc., 7.63%, 6/01/21 (a) | | 890 | 894,450 |
| Building
Materials Corp. of America (a)(e): | | | |
| 7.00%,
2/15/20 | | 1,345 | 1,439,150 |
| 6.75%,
5/01/21 | | 1,030 | 1,114,975 |
| Momentive
Performance Materials, Inc., 8.88%, 10/15/20 | | 530 | 571,075 |
| Texas
Industries, Inc., 9.25%, 8/15/20 | | 523 | 579,222 |
| USG
Corp., 9.75%, 1/15/18 (e) | | 1,390 | 1,636,725 |
| | | | 6,655,785 |
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BLACKROCK LIMITED DURATION INCOME TRUST MAY 31, 2013 2
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Consolidated Schedule of Investments (continued) BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)
| Corporate
Bonds | | | |
| --- | --- | --- | --- |
| Capital
Markets — 0.3% | | | |
| E*Trade
Financial Corp., 0.00%, 8/31/19 (a)(f)(g) | USD | 249 | $ 282,615 |
| Nuveen
Investments, Inc., 9.13%, 10/15/17 (a) | | 431 | 452,550 |
| SteelRiver
Transmission Co. LLC, 4.71%, 6/30/17 (a)(h) | | 1,141 | 1,173,069 |
| | | | 1,908,234 |
| Chemicals
— 1.9% | | | |
| Ashland,
Inc., 3.88%, 4/15/18 (a)(e) | | 675 | 693,562 |
| Axiall
Corp., 4.88%, 5/15/23 (a)(e) | | 242 | 243,210 |
| Celanese
US Holdings LLC, 5.88%, 6/15/21 (e) | | 403 | 444,308 |
| Eagle
Spinco, Inc., 4.63%, 2/15/21 (a)(e) | | 837 | 843,277 |
| Huntsman
International LLC (e): | | | |
| 4.88%,
11/15/20 | | 893 | 901,930 |
| 8.63%,
3/15/21 | | 655 | 731,962 |
| INEOS
Finance Plc, 7.50%, 5/01/20 (a)(e) | | 445 | 488,388 |
| INEOS
Group Holdings SA: | | | |
| 6.13%,
8/15/18 (a) | | 680 | 669,800 |
| 6.50%,
8/15/18 | EUR | 328 | 415,660 |
| LyondellBasell
Industries NV, 5.00%, 4/15/19 | USD | 275 | 310,402 |
| Nova
Chemicals Corp., 8.38%, 11/01/16 (e) | | 2,750 | 2,925,312 |
| Nufarm
Australia Ltd., 6.38%, 10/15/19 (a)(e) | | 320 | 328,000 |
| Orion
Engineered Carbons Bondco GmbH, 9.63%, 6/15/18 (a)(e) | | 898 | 999,025 |
| PetroLogistics
LP/PetroLogistics Finance Corp., 6.25%, 4/01/20 (a) | | 260 | 261,950 |
| Rockwood
Specialties Group, Inc., 4.63%, 10/15/20 (e) | | 1,482 | 1,511,640 |
| Tronox
Finance LLC, 6.38%, 8/15/20 (a)(e) | | 289 | 283,943 |
| US
Coatings Acquisition, Inc./Flash Dutch 2 BV: | | | |
| 5.75%,
2/01/21 | EUR | 200 | 270,348 |
| 7.38%,
5/01/21 (a) | USD | 398 | 419,890 |
| | | | 12,742,607 |
| Commercial
Banks — 3.3% | | | |
| BNP
Paribas SA, 2.38%, 9/14/17 (e) | | 3,225 | 3,281,444 |
| CIT
Group, Inc. (e): | | | |
| 5.00%,
5/15/17 | | 890 | 947,850 |
| 5.50%,
2/15/19 (a) | | 2,040 | 2,208,300 |
| HSBC
Bank Plc, 3.10%, 5/24/16 (a)(e) | | 2,560 | 2,706,719 |
| HSBC
Holdings Plc, 6.25%, 3/19/18 | EUR | 1,000 | 1,549,938 |
| Corporate
Bonds | | Par (000) | Value |
| Commercial
Banks (concluded) | | | |
| ING
Bank NV, 2.00%, 9/25/15 (a)(e) | USD | 3,245 | $ 3,292,669 |
| Nordea
Bank AB, 4.50%, 3/26/20 | EUR | 1,020 | 1,481,878 |
| Penske
Truck Leasing Co. LP/PTL Finance Corp., 3.38%, 3/15/18 (a)(e) | USD | 6,155 | 6,456,601 |
| | | | 21,925,399 |
| Commercial
Services & Supplies — 1.3% | | | |
| ADS
Waste Holdings, Inc., 8.25%, 10/01/20 (a) | | 292 | 313,170 |
| ARAMARK
Corp., 5.75%, 3/15/20 (a) | | 712 | 736,920 |
| Aviation
Capital Group Corp., 4.63%, 1/31/18 (a)(e) | | 1,000 | 1,033,060 |
| Brickman
Group Holdings, Inc., 9.13%, 11/01/18 (a) | | 63 | 68,198 |
| Catalent
Pharma Solutions, Inc., 7.88%, 10/15/18 (a) | | 375 | 380,625 |
| Covanta
Holding Corp., 6.38%, 10/01/22 (e) | | 1,130 | 1,218,951 |
| EC
Finance Plc, 9.75%, 8/01/17 | EUR | 100 | 141,049 |
| Mead
Products LLC/ACCO Brands Corp., 6.75%, 4/30/20 (a) | USD | 100 | 105,000 |
| Mobile
Mini, Inc., 7.88%, 12/01/20 (e) | | 915 | 1,013,362 |
| UR
Merger Sub Corp. (e): | | | |
| 5.75%,
7/15/18 | | 494 | 527,345 |
| 7.38%,
5/15/20 | | 805 | 883,487 |
| 7.63%,
4/15/22 | | 1,518 | 1,681,185 |
| Verisure
Holding AB: | | | |
| 8.75%,
9/01/18 | EUR | 311 | 446,665 |
| 8.75%,
12/01/18 | | 111 | 153,650 |
| West
Corp., 8.63%, 10/01/18 | USD | 165 | 181,088 |
| | | | 8,883,755 |
| Communications
Equipment — 1.9% | | | |
| ADC
Telecommunications, Inc., 3.50%, 7/15/15 (e)(f) | | 6,670 | 6,786,725 |
| Avaya,
Inc. (a): | | | |
| 7.00%,
4/01/19 | | 437 | 407,503 |
| 10.50%,
3/01/21 (e) | | 1,213 | 1,018,920 |
| CommScope
Holding Co., Inc., 6.63%, 6/01/20 (a)(i) | | 605 | 597,437 |
| Zayo
Group LLC/Zayo Capital, Inc.: | | | |
| 8.13%,
1/01/20 (e) | | 1,800 | 1,998,000 |
| 10.13%,
7/01/20 | | 1,460 | 1,697,250 |
| | | | 12,505,835 |
| Construction
& Engineering — 0.1% | | | |
| Safway
Group Holding LLC/Safway Finance Corp., 7.00%, 5/15/18 (a) | | 258 | 259,290 |
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BLACKROCK LIMITED DURATION INCOME TRUST MAY 31, 2013 3
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Consolidated Schedule of Investments (continued) BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)
| Corporate
Bonds | | | |
| --- | --- | --- | --- |
| Construction
& Engineering (concluded) | | | |
| Weekley
Homes LLC, 6.00%, 2/01/23 (a) | USD | 320 | $ 332,800 |
| | | | 592,090 |
| Construction
Materials — 1.2% | | | |
| Buzzi
Unicem SpA, 6.25%, 9/28/18 | EUR | 154 | 220,658 |
| HD
Supply, Inc.: | | | |
| 8.13%,
4/15/19 (e) | USD | 4,105 | 4,556,550 |
| 7.50%,
7/15/20 (a) | | 2,374 | 2,516,440 |
| 11.50%,
7/15/20 | | 335 | 393,625 |
| HeidelbergCement
AG, 7.50%, 4/03/20 | EUR | 64 | 102,574 |
| | | | 7,789,847 |
| Consumer
Finance — 0.9% | | | |
| Ally
Financial, Inc., 3.13%, 1/15/16 (e) | USD | 1,500 | 1,516,005 |
| Ford
Motor Credit Co. LLC (e): | | | |
| 3.88%,
1/15/15 | | 2,475 | 2,566,986 |
| 7.00%,
4/15/15 | | 400 | 439,203 |
| Hyundai
Capital America, 3.75%, 4/06/16 (a)(e) | | 1,285 | 1,350,056 |
| IVS
F. SpA, 7.13%, 4/01/20 | EUR | 235 | 308,495 |
| | | | 6,180,745 |
| Containers
& Packaging — 0.8% | | | |
| Ardagh
Packaging Finance Plc: | | | |
| 7.38%,
10/15/17 | | 100 | 139,723 |
| 7.38%,
10/15/17 | | 200 | 279,446 |
| 7.00%,
11/15/20 (a) | USD | 1,689 | 1,731,225 |
| 5.00%,
11/15/22 | EUR | 260 | 341,314 |
| Ardagh
Packaging Finance Plc/Ardagh MP Holdings USA, Inc. (a): | | | |
| 7.38%,
10/15/17 | | 587 | 820,175 |
| 4.88%,
11/15/22 | USD | 332 | 331,170 |
| Berry
Plastics Corp., 9.75%, 1/15/21 | | 290 | 334,950 |
| Beverage
Packaging Holdings Luxembourg II SA, 8.00%, 12/15/16 | EUR | 274 | 356,131 |
| Crown
Americas LLC/Crown Americas Capital Corp. III, 6.25%, 2/01/21 (e) | USD | 144 | 157,320 |
| Crown
Americas LLC/Crown Americas Capital Corp. IV, 4.50%, 1/15/23 (a)(e) | | 226 | 220,915 |
| OI
European Group BV, 4.88%, 3/31/21 | EUR | 411 | 558,236 |
| | | | 5,270,605 |
| Distributors
— 0.1% | | | |
| VWR
Funding, Inc., 7.25%, 9/15/17 (e) | USD | 874 | 930,810 |
| Corporate
Bonds | | Par (000) | Value |
| Diversified
Consumer Services — 0.6% | | | |
| APX
Group, Inc. (a): | | | |
| 6.38%,
12/01/19 | USD | 566 | $ 564,585 |
| 8.75%,
12/01/20 (e) | | 1,387 | 1,407,805 |
| Laureate
Education, Inc., 9.25%, 9/01/19 (a)(e) | | 1,460 | 1,635,200 |
| Rent-A-Center,
Inc., 4.75%, 5/01/21 (a) | | 683 | 669,340 |
| | | | 4,276,930 |
| Diversified
Financial Services — 4.9% | | | |
| Aircastle
Ltd., 6.25%, 12/01/19 (e) | | 367 | 397,278 |
| Ally
Financial, Inc.: | | | |
| 8.30%,
2/12/15 (e) | | 2,460 | 2,706,000 |
| 7.50%,
9/15/20 (e) | | 1,630 | 1,903,025 |
| 8.00%,
11/01/31 | | 906 | 1,159,680 |
| 8.00%,
11/01/31 (e) | | 1,330 | 1,715,700 |
| Banque
Paribas, 6.95%, 7/22/13 (e) | | 2,100 | 2,117,501 |
| Citigroup,
Inc., 5.95% (b)(e)(j) | | 1,370 | 1,431,650 |
| CNG
Holdings, Inc., 9.38%, 5/15/20 (a) | | 490 | 487,550 |
| Co-Operative
Group Ltd. (k): | | | |
| 5.63%,
7/08/20 | GBP | 300 | 458,099 |
| 6.25%,
7/08/26 | | 600 | 919,388 |
| DPL,
Inc.: | | | |
| 6.50%,
10/15/16 | USD | 70 | 75,425 |
| 7.25%,
10/15/21 | | 185 | 199,800 |
| Gala
Group Finance Plc, 8.88%, 9/01/18 | GBP | 700 | 1,143,348 |
| General
Motors Financial Co., Inc. (a)(e): | | | |
| 2.75%,
5/15/16 | USD | 581 | 580,128 |
| 3.25%,
5/15/18 | | 1,500 | 1,486,875 |
| 4.25%,
5/15/23 | | 291 | 283,725 |
| GETCO
Financing Escrow LLC, 8.25%, 6/15/18 (a)(c) | | 240 | 234,600 |
| The
Goldman Sachs Group, Inc. (e): | | | |
| 6.00%,
5/01/14 | | 1,150 | 1,205,231 |
| 3.30%,
5/03/15 | | 3,285 | 3,416,200 |
| Jefferies
Finance LLC/JFIN Co-Issuer Corp., 7.38%, 4/01/20 (a)(e) | | 585 | 587,925 |
| Jefferies
LoanCore LLC/JLC Finance Corp., 6.88%, 6/01/20 (a) | | 567 | 568,417 |
| Leucadia
National Corp., 8.13%, 9/15/15 (e) | | 1,870 | 2,122,450 |
| Macquarie
Bank Ltd., 10.25%, 6/20/57 (b) | | 1,450 | 1,640,095 |
| Reynolds
Group Issuer, Inc.: | | | |
| 7.13%,
4/15/19 (e) | | 1,294 | 1,378,110 |
| 9.00%,
4/15/19 | | 180 | 189,000 |
| 9.88%,
8/15/19 | | 795 | 866,550 |
| 5.75%,
10/15/20 (e) | | 800 | 812,000 |
| 6.88%,
2/15/21 (e) | | 820 | 875,350 |
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BLACKROCK LIMITED DURATION INCOME TRUST MAY 31, 2013 4
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Consolidated Schedule of Investments (continued) BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)
| Corporate
Bonds | | | |
| --- | --- | --- | --- |
| Diversified
Financial Services (concluded) | | | |
| SLM
Corp., Series A, 5.00%, 10/01/13 | USD | 150 | $ 151,500 |
| WMG
Acquisition Corp.: | | | |
| 11.50%,
10/01/18 | | 630 | 743,400 |
| 6.00%,
1/15/21 (a)(e) | | 935 | 986,425 |
| | | | 32,842,425 |
| Diversified
Telecommunication Services — 1.4% | | | |
| CenturyLink,
Inc., Series V, 5.63%, 4/01/20 (e) | | 906 | 936,578 |
| Level
3 Communications, Inc., 8.88%, 6/01/19 | | 735 | 797,475 |
| Level
3 Financing, Inc.: | | | |
| 4.21%,
2/15/15 (b) | | 1,725 | 1,725,862 |
| 8.13%,
7/01/19 | | 3,083 | 3,337,347 |
| 7.00%,
6/01/20 | | 495 | 520,988 |
| OTE
Plc, 7.25%, 2/12/15 | EUR | 151 | 203,720 |
| Telenet
Finance V Luxembourg SCA: | | | |
| 6.25%,
8/15/22 | | 271 | 369,928 |
| 6.75%,
8/15/24 | | 397 | 550,057 |
| Windstream
Corp., 8.13%, 8/01/13 (e) | USD | 590 | 594,425 |
| | | | 9,036,380 |
| Electric
Utilities — 0.4% | | | |
| Homer
City Generation LP, 8.73%, 10/01/26 (i) | | 495 | 525,937 |
| Mirant
Mid Atlantic Pass-Through Trust, Series B, 9.13%, 6/30/17 (e) | | 677 | 762,833 |
| Nisource
Finance Corp. (e): | | | |
| 6.40%,
3/15/18 | | 440 | 522,567 |
| 5.25%,
2/15/43 | | 800 | 829,976 |
| | | | 2,641,313 |
| Electrical
Equipment — 0.4% | | | |
| Belden,
Inc.: | | | |
| 5.50%,
9/01/22 (a)(e) | | 510 | 524,025 |
| 5.50%,
4/15/23 | EUR | 140 | 184,694 |
| Pentair
Finance SA, 1.88%, 9/15/17 (e) | USD | 371 | 369,315 |
| Rexel
SA, 5.13%, 6/15/20 | EUR | 439 | 596,552 |
| Techem
GmbH: | | | |
| 6.13%,
10/01/19 | | 300 | 421,119 |
| 7.88%,
10/01/20 | | 106 | 151,482 |
| Trionista
TopCo GmbH, 6.88%, 4/30/21 | | 100 | 131,925 |
| | | | 2,379,112 |
| Energy
Equipment & Services — 2.2% | | | |
| Calfrac
Holdings LP, 7.50%, 12/01/20 (a)(e) | USD | 605 | 623,150 |
| CGG,
7.75%, 5/15/17 (e) | | 330 | 339,075 |
| FTS
International Services LLC/FTS International Bonds, Inc., 8.13%, 11/15/18 (a)(e) | | 1,182 | 1,258,830 |
| Gulfmark
Offshore, Inc., 6.38%, 3/15/22 (e) | USD | 185 | 192,400 |
| Corporate
Bonds | | Par (000) | Value |
| Energy
Equipment & Services (concluded) | | | |
| Hornbeck
Offshore Services, Inc., 5.88%, 4/01/20 (e) | | 375 | $ 390,938 |
| MEG
Energy Corp. (a)(e): | | | |
| 6.50%,
3/15/21 | | 240 | 248,400 |
| 6.38%,
1/30/23 | | 204 | 209,100 |
| Oil
States International, Inc. (e): | | | |
| 6.50%,
6/01/19 | | 1,614 | 1,739,085 |
| 5.13%,
1/15/23 (a) | | 908 | 978,370 |
| Peabody
Energy Corp. (e): | | | |
| 6.00%,
11/15/18 | | 1,004 | 1,074,280 |
| 6.25%,
11/15/21 | | 1,081 | 1,129,645 |
| Rain
CII Carbon LLC/CII Carbon Corp., 8.25%, 1/15/21 (a)(e) | | 535 | 572,450 |
| Seadrill
Ltd., 5.63%, 9/15/17 (a) | | 2,320 | 2,378,000 |
| Tervita
Corp., 8.00%, 11/15/18 (a) | | 833 | 862,155 |
| Transocean,
Inc. (e): | | | |
| 4.95%,
11/15/15 | | 1,040 | 1,126,316 |
| 5.05%,
12/15/16 | | 180 | 199,407 |
| 2.50%,
10/15/17 | | 725 | 731,696 |
| 6.00%,
3/15/18 | | 230 | 263,730 |
| Trionista
Holdco GmbH, 5.00%, 4/30/20 | EUR | 410 | 543,555 |
| | | | 14,860,582 |
| Food
& Staples Retailing — 0.3% | | | |
| Bakkavor
Finance 2 Plc, 8.25%, 2/15/18 | GBP | 312 | 491,830 |
| R&R
Ice Cream PLC, 9.25%, 5/10/18 (i) | EUR | 204 | 267,800 |
| Rite
Aid Corp., 9.25%, 3/15/20 (e) | USD | 1,095 | 1,235,981 |
| Zobele
Holding SpA, 7.88%, 2/01/18 | EUR | 100 | 135,174 |
| | | | 2,130,785 |
| Food
Products — 0.3% | | | |
| Post
Holdings, Inc., 7.38%, 2/15/22 (e) | USD | 780 | 868,725 |
| Smithfield
Foods, Inc., 6.63%, 8/15/22 (e) | | 783 | 890,663 |
| | | | 1,759,388 |
| Gas
Utilities — 0.6% | | | |
| Florida
Gas Transmission Co. LLC, 4.00%, 7/15/15 (a)(e) | | 2,000 | 2,114,218 |
| Targa
Resources Partners LP, 7.88%, 10/15/18 | | 1,515 | 1,639,987 |
| | | | 3,754,205 |
| Health
Care Equipment & Supplies — 1.4% | | | |
| Biomet,
Inc. (a)(e): | | | |
| 6.50%,
8/01/20 | | 1,720 | 1,810,300 |
| 6.50%,
10/01/20 | | 1,445 | 1,463,062 |
| CareFusion
Corp., 5.13%, 8/01/14 (e) | | 3,000 | 3,147,129 |
| DJO
Finance LLC: | | | |
| 8.75%,
3/15/18 (e) | | 413 | 456,365 |
Field: Page; Sequence: 6
BLACKROCK LIMITED DURATION INCOME TRUST MAY 31, 2013 5
Field: /Page
Consolidated Schedule of Investments (continued) BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)
| Corporate
Bonds | | | |
| --- | --- | --- | --- |
| Health
Care Equipment & Supplies (concluded) | | | |
| DJO
Finance LLC (concluded): | | | |
| 7.75%,
4/15/18 | USD | 540 | $ 558,900 |
| 9.88%,
4/15/18 | | 500 | 548,750 |
| IDH
Finance PLC, 6.00%, 12/01/18 | GBP | 113 | 172,551 |
| Kinetic
Concepts, Inc./KCI USA, Inc., 12.50%, 11/01/19 | USD | 432 | 444,960 |
| Teleflex,
Inc., 6.88%, 6/01/19 (e) | | 675 | 729,000 |
| | | | 9,331,017 |
| Health
Care Providers & Services — 2.8% | | | |
| Aviv
Healthcare Properties LP, 7.75%, 2/15/19 (e) | | 995 | 1,087,038 |
| Care
UK Health & Social Care Plc, 9.75%, 8/01/17 | GBP | 130 | 204,435 |
| CHS/Community
Health Systems, Inc.: | | | |
| 5.13%,
8/15/18 (e) | USD | 490 | 510,825 |
| 8.00%,
11/15/19 | | 443 | 487,300 |
| 7.13%,
7/15/20 | | 471 | 516,923 |
| Crown
Newco 3 Plc, 7.00%, 2/15/18 | GBP | 441 | 700,207 |
| HCA,
Inc. (e): | | | |
| 6.50%,
2/15/20 | USD | 1,895 | 2,136,612 |
| 7.88%,
2/15/20 | | 1,896 | 2,066,640 |
| 7.25%,
9/15/20 | | 996 | 1,095,600 |
| Hologic,
Inc., 6.25%, 8/01/20 (e) | | 1,289 | 1,377,619 |
| IASIS
Healthcare LLC, 8.38%, 5/15/19 | | 792 | 827,640 |
| inVentiv
Health, Inc., 9.00%, 1/15/18 (a)(e) | | 720 | 766,800 |
| Omnicare,
Inc., 7.75%, 6/01/20 (e) | | 1,135 | 1,257,012 |
| Tenet
Healthcare Corp.: | | | |
| 6.25%,
11/01/18 (e) | | 1,134 | 1,255,905 |
| 6.75%,
2/01/20 | | 475 | 498,750 |
| 4.50%,
4/01/21 (a)(e) | | 523 | 513,848 |
| 4.38%,
10/01/21 (a) | | 855 | 829,350 |
| Vanguard
Health Holding Co II LLC: | | | |
| 8.00%,
2/01/18 | | 361 | 383,111 |
| 7.75%,
2/01/19 (e) | | 1,580 | 1,690,600 |
| Voyage
Care Bondco Plc, 6.50%, 8/01/18 | GBP | 250 | 390,296 |
| | | | 18,596,511 |
| Health
Care Technology — 0.8% | | | |
| IMS
Health, Inc., 12.50%, 3/01/18 (a)(e) | USD | 4,300 | 5,047,125 |
| Hotels,
Restaurants & Leisure — 4.1% | | | |
| Caesars
Entertainment Operating Co., Inc., 8.50%, 2/15/20 (e) | | 1,010 | 962,025 |
| Carlson
Wagonlit BV, 6.88%, 6/15/19 (a)(e) | | 370 | 389,425 |
| Choice
Hotels International, Inc., 5.75%, 7/01/22 (e) | | 240 | 266,400 |
| Cirsa
Funding Luxembourg SA, 8.75%, 5/15/18 | EUR | 355 | 468,554 |
| Corporate
Bonds | | Par (000) | Value |
| Hotels,
Restaurants & Leisure (concluded) | | | |
| Enterprise
Inns Plc: | | | |
| 6.50%,
12/06/18 | GBP | 2,232 | $ 3,455,733 |
| 6.88%,
2/15/21 | | 2,070 | 3,090,116 |
| Gategroup
Finance Luxembourg SA, 6.75%, 3/01/19 | EUR | 290 | 384,466 |
| Isle
of Capri Casinos, Inc.: | | | |
| 7.75%,
3/15/19 | USD | 70 | 75,600 |
| 5.88%,
3/15/21 | | 294 | 292,530 |
| MCE
Finance Ltd., 5.00%, 2/15/21 (a)(e) | | 941 | 941,000 |
| Regal
Entertainment Group, 5.75%, 2/01/25 | | 265 | 264,337 |
| Sisal
Holding Istituto di Pagamento SpA, 7.25%, 9/30/17 | EUR | 100 | 131,925 |
| Six
Flags Entertainment Corp., 5.25%, 1/15/21 (a)(e) | USD | 576 | 578,880 |
| Spirit
Issuer Plc (b): | | | |
| 1.06%,
12/28/28 | GBP | 3,325 | 4,092,121 |
| 5.47%,
12/28/34 | | 4,500 | 5,965,540 |
| Station
Casinos LLC, 7.50%, 3/01/21 (a) | USD | 2,245 | 2,351,637 |
| Travelport
LLC, 11.88%, 9/01/16 (a) | | 78 | 73,747 |
| Tropicana
Entertainment LLC, 9.63%, 12/15/14 (d)(l) | | 375 | — |
| The
Unique Pub Finance Co. Plc, Series A4, 5.66%, 6/30/27 | GBP | 1,686 | 2,510,472 |
| Wynn
Las Vegas LLC, 5.38%, 3/15/22 (e) | USD | 888 | 934,620 |
| | | | 27,229,128 |
| Household
Durables — 1.7% | | | |
| Algeco
Scotsman Global Finance Plc, 9.00%, 10/15/18 | EUR | 630 | 839,477 |
| Ashton
Woods USA LLC, 6.88%, 2/15/21 (a) | USD | 510 | 528,488 |
| Beazer
Homes USA, Inc., 6.63%, 4/15/18 (e) | | 910 | 986,212 |
| Berkline/Benchcraft
LLC, 4.50%, 11/03/13 (d)(l) | | 200 | — |
| Brookfield
Residential Properties, Inc., 6.50%, 12/15/20 (a)(e) | | 925 | 989,750 |
| K.
Hovnanian Enterprises, Inc., 7.25%, 10/15/20 (a)(e) | | 2,130 | 2,358,975 |
| KB
Home, 7.25%, 6/15/18 | | 880 | 990,000 |
| Libbey
Glass, Inc., 6.88%, 5/15/20 (e) | | 226 | 244,645 |
| RPG
Byty Sro, 6.75%, 5/01/20 | EUR | 220 | 275,937 |
| Spie
BondCo 3 SCA, 11.00%, 8/15/19 | | 248 | 348,528 |
| Standard
Pacific Corp., 8.38%, 1/15/21 (e) | USD | 2,400 | 2,880,000 |
Field: Page; Sequence: 7
BLACKROCK LIMITED DURATION INCOME TRUST MAY 31, 2013 6
Field: /Page
Consolidated Schedule of Investments (continued) BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)
| Corporate
Bonds | | | |
| --- | --- | --- | --- |
| Household
Durables (concluded) | | | |
| Taylor
Morrison Communities, Inc./Monarch Communities, Inc., 5.25%, 4/15/21 (a) | USD | 597 | $ 604,462 |
| | | | 11,046,474 |
| Household
Products — 0.2% | | | |
| Ontex
IV SA, 9.00%, 4/15/19 | EUR | 353 | 480,605 |
| Spectrum
Brands Escrow Corp. (a): | | | |
| 6.38%,
11/15/20 | USD | 250 | 268,438 |
| 6.63%,
11/15/22 | | 285 | 307,800 |
| | | | 1,056,843 |
| Independent
Power Producers & Energy Traders — 2.6% | | | |
| The
AES Corp., 7.75%, 10/15/15 | | 972 | 1,078,920 |
| Calpine
Corp., 7.50%, 2/15/21 (a)(e) | | 238 | 258,230 |
| Dynegy,
Inc., 5.88%, 6/01/23 (a) | | 664 | 654,040 |
| Energy
Future Intermediate Holding Co. LLC: | | | |
| 6.88%,
8/15/17 (a) | | 1,015 | 1,075,900 |
| 10.00%,
12/01/20 (a)(e) | | 2,105 | 2,386,544 |
| 10.00%,
12/01/20 (e) | | 3,415 | 3,888,831 |
| 12.25%,
3/01/22 (a)(h) | | 3,408 | 3,880,860 |
| GenOn
REMA LLC (e): | | | |
| Series
B 9.24%, 7/02/17 | | 308 | 338,484 |
| Series
C 9.68%, 7/02/26 | | 1,001 | 1,091,090 |
| Laredo
Petroleum, Inc.: | | | |
| 9.50%,
2/15/19 | | 630 | 713,475 |
| 7.38%,
5/01/22 | | 515 | 566,500 |
| NRG
Energy, Inc., 7.63%, 1/15/18 (e) | | 1,001 | 1,128,627 |
| QEP
Resources, Inc., 5.38%, 10/01/22 (e) | | 476 | 487,900 |
| | | | 17,549,401 |
| Industrial
Conglomerates — 0.2% | | | |
| Sequa
Corp., 7.00%, 12/15/17 (a) | | 1,305 | 1,305,000 |
| Insurance
— 1.4% | | | |
| Allied
World Assurance Co. Holdings, Ltd., 7.50%, 8/01/16 (e) | | 3,000 | 3,536,664 |
| American
International Group, Inc., 3.00%, 3/20/15 (e) | | 3,120 | 3,231,634 |
| CNO
Financial Group, Inc., 6.38%, 10/01/20 (a)(e) | | 304 | 329,460 |
| Forethought
Financial Group, Inc., 8.63%, 4/15/21 (a)(e) | | 750 | 892,072 |
| MPL
2 Acquisition Canco, Inc., 9.88%, 8/15/18 (a) | | 595 | 612,850 |
| Muenchener
Rueckversicherungs AG, 6.00%, 5/26/41 (b) | EUR | 400 | 610,756 |
| TMF
Group Holding B.V., 9.88%, 12/01/19 | | 210 | 287,960 |
| | | | 9,501,396 |
| Corporate
Bonds | | Par (000) | Value |
| Internet
Software & Services — 0.1% | | | |
| Cerved
Technologies SpA: | | | |
| 6.38%,
1/15/20 | EUR | 100 | $ 129,975 |
| 8.00%,
1/15/21 | | 100 | 129,650 |
| Equinix,
Inc., 4.88%, 4/01/20 | USD | 139 | 141,432 |
| VeriSign,
Inc., 4.63%, 5/01/23 (a) | | 550 | 552,750 |
| | | | 953,807 |
| IT
Services — 1.5% | | | |
| Ceridian
Corp. (a)(e): | | | |
| 8.88%,
7/15/19 | | 1,395 | 1,590,300 |
| 11.00%,
3/15/21 | | 1,004 | 1,147,070 |
| Epicor
Software Corp., 8.63%, 5/01/19 | | 1,260 | 1,370,250 |
| First
Data Corp.: | | | |
| 7.38%,
6/15/19 (a)(e) | | 1,775 | 1,872,625 |
| 6.75%,
11/01/20 (a)(e) | | 1,250 | 1,306,250 |
| 8.25%,
1/15/21 (a) | | 34 | 36,040 |
| 12.63%,
1/15/21 | | 347 | 379,098 |
| 11.75%,
8/15/21 (a) | | 869 | 840,757 |
| SunGard
Data Systems, Inc., 6.63%, 11/01/19 (a)(e) | | 1,040 | 1,094,600 |
| WEX,
Inc., 4.75%, 2/01/23 (a)(e) | | 550 | 548,625 |
| | | | 10,185,615 |
| Machinery
— 0.3% | | | |
| Navistar
International Corp., 8.25%, 11/01/21 | | 522 | 531,787 |
| Terex
Corp., 6.00%, 5/15/21 (e) | | 1,070 | 1,131,525 |
| Trinseo
Materials Operating SCA, 8.75%, 2/01/19 (a)(e) | | 575 | 572,844 |
| | | | 2,236,156 |
| Media
— 5.0% | | | |
| AMC
Networks, Inc. (e): | | | |
| 7.75%,
7/15/21 | | 865 | 979,612 |
| 4.75%,
12/15/22 | | 269 | 268,328 |
| Cengage
Learning Acquisitions, Inc., 11.50%, 4/15/20 (a)(e) | | 509 | 409,745 |
| Checkout
Holding Corp., 9.83%, 11/15/15 (a)(g) | | 1,056 | 834,240 |
| Cinemark
USA, Inc., 5.13%, 12/15/22 (e) | | 206 | 209,090 |
| Clear
Channel Communications, Inc.: | | | |
| 9.00%,
12/15/19 (a)(c) | | 489 | 491,445 |
| 9.00%,
3/01/21 | | 1,311 | 1,301,167 |
| Clear
Channel Worldwide Holdings, Inc. (e): | | | |
| 7.63%,
3/15/20 | | 1,045 | 1,110,312 |
| 6.50%,
11/15/22 (a) | | 965 | 1,013,250 |
| 6.50%,
11/15/22 (a) | | 1,108 | 1,168,940 |
| DIRECTV
Holdings LLC, 3.13%, 2/15/16 (e) | | 3,000 | 3,146,346 |
| DISH
DBS Corp.: | | | |
| 7.00%,
10/01/13 (e) | | 1,267 | 1,287,019 |
| 7.13%,
2/01/16 (e) | | 200 | 219,000 |
| 4.25%,
4/01/18 (a) | | 1,330 | 1,296,750 |
Field: Page; Sequence: 8
BLACKROCK LIMITED DURATION INCOME TRUST MAY 31, 2013 7
Field: /Page
Consolidated Schedule of Investments (continued) BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)
| Corporate
Bonds | | | |
| --- | --- | --- | --- |
| Media
(concluded) | | | |
| Intelsat
Jackson Holdings SA: | | | |
| 7.25%,
10/15/20 (e) | USD | 1,660 | $ 1,801,100 |
| 5.50%,
8/01/23 (a)(c) | | 2,750 | 2,695,000 |
| Intelsat
Luxembourg SA (a): | | | |
| 6.75%,
6/01/18 | | 910 | 948,675 |
| 7.75%,
6/01/21 | | 745 | 783,181 |
| Interactive
Data Corp., 10.25%, 8/01/18 (e) | | 2,210 | 2,480,725 |
| Lynx
I Corp.: | | | |
| 5.38%,
4/15/21 (a)(e) | | 617 | 641,680 |
| 6.00%,
4/15/21 | GBP | 1,274 | 2,034,436 |
| The
McClatchy Co., 9.00%, 12/15/22 (a) | USD | 330 | 356,400 |
| MDC
Partners, Inc., 6.75%, 4/01/20 (a) | | 355 | 362,988 |
| NAI
Entertainment Holdings LLC, 8.25%, 12/15/17 (a)(e) | | 1,301 | 1,405,080 |
| Nara
Cable Funding Ltd.: | | | |
| 8.88%,
12/01/18 (a) | | 200 | 208,000 |
| 8.88%,
12/01/18 | EUR | 190 | 261,770 |
| ProtoStar
I Ltd., 18.00%, 10/15/13 (a)(d)(f)(l) | USD | 3,454 | 1,727 |
| Sirius
XM Radio, Inc. (a): | | | |
| 4.25%,
5/15/20 | | 634 | 621,320 |
| 4.63%,
5/15/23 | | 311 | 298,560 |
| Sterling
Entertainment Corp., 10.00%, 12/15/19 | | 1,175 | 1,175,000 |
| Unitymedia
Hessen GmbH & Co. KG: | | | |
| 7.50%,
3/15/19 | | 1,440 | 1,562,400 |
| 5.50%,
1/15/23 (a)(e) | | 720 | 734,400 |
| Univision
Communications, Inc., 6.75%, 9/15/22 (a)(e) | | 286 | 307,450 |
| Virgin
Media Secured Finance Plc, 6.50%, 1/15/18 (e) | | 1,000 | 1,052,500 |
| | | | 33,467,636 |
| Metals
& Mining — 2.2% | | | |
| ArcelorMittal: | | | |
| 9.50%,
2/15/15 (e) | | 1,910 | 2,120,100 |
| 4.25%,
8/05/15 (e) | | 987 | 1,019,078 |
| 5.00%,
2/25/17 | | 388 | 403,520 |
| 6.13%,
6/01/18 (e) | | 498 | 527,880 |
| Commercial
Metals Co., 4.88%, 5/15/23 | | 908 | 864,870 |
| Eco-Bat
Finance Plc, 7.75%, 2/15/17 | EUR | 495 | 656,244 |
| FMG
Resources August 2006 Property Ltd., 6.38%, 2/01/16 (a)(e) | USD | 625 | 637,500 |
| Glencore
Funding LLC, 1.70%, 5/27/16 (a)(e) | | 2,450 | 2,442,432 |
| Global
Brass and Copper, Inc., 9.50%, 6/01/19 (a) | | 695 | 778,400 |
| Kaiser
Aluminum Corp., 8.25%, 6/01/20 (e) | | 510 | 575,025 |
| Corporate
Bonds | | Par (000) | Value |
| Metals
& Mining (concluded) | | | |
| New
Gold, Inc., 7.00%, 4/15/20 (a)(e) | USD | 175 | $ 185,500 |
| New
World Resources NV, 7.88%, 5/01/18 | EUR | 494 | 513,661 |
| Novelis,
Inc., 8.75%, 12/15/20 (e) | USD | 2,375 | 2,654,062 |
| Perstorp
Holding AB, 8.75%, 5/15/17 (a) | | 290 | 299,425 |
| Steel
Dynamics, Inc., 6.38%, 8/15/22 (a) | | 555 | 604,950 |
| Walter
Energy, Inc., 8.50%, 4/15/21 (a) | | 160 | 160,800 |
| | | | 14,443,447 |
| Multiline
Retail — 0.8% | | | |
| Dollar
General Corp. (e): | | | |
| 4.13%,
7/15/17 | | 1,409 | 1,529,134 |
| 1.88%,
4/15/18 | | 2,133 | 2,122,058 |
| Dufry
Finance SCA, 5.50%, 10/15/20 (a)(e) | | 1,336 | 1,406,140 |
| | | | 5,057,332 |
| Oil,
Gas & Consumable Fuels — 6.6% | | | |
| Access
Midstream Partners LP (e): | | | |
| 6.13%,
7/15/22 | | 510 | 545,700 |
| 4.88%,
5/15/23 | | 510 | 503,625 |
| Alpha
Natural Resources, Inc., 6.25%, 6/01/21 | | 418 | 374,110 |
| Athlon
Holdings LP/Athlon Finance Corp., 7.38%, 4/15/21 (a) | | 254 | 264,160 |
| Bonanza
Creek Energy, Inc., 6.75%, 4/15/21 (a) | | 95 | 99,275 |
| BP
Capital Markets Plc, 5.25%, 11/07/13 (e) | | 6,000 | 6,124,500 |
| Chaparral
Energy, Inc., 7.63%, 11/15/22 | | 305 | 329,400 |
| Chesapeake
Energy Corp., 5.75%, 3/15/23 | | 1,265 | 1,315,600 |
| Concho
Resources, Inc.: | | | |
| 6.50%,
1/15/22 (e) | | 221 | 238,680 |
| 5.50%,
10/01/22 | | 89 | 91,893 |
| CONSOL
Energy, Inc., 8.25%, 4/01/20 (e) | | 1,890 | 2,088,450 |
| Denbury
Resources, Inc., 4.63%, 7/15/23 (e) | | 994 | 961,695 |
| EP
Energy LLC/Everest Acquisition Finance, Inc., 6.88%, 5/01/19 (e) | | 630 | 680,400 |
| Holly
Energy Partners LP, 6.50%, 3/01/20 (e) | | 215 | 228,438 |
| Kinder
Morgan Energy Partners LP, 5.95%, 2/15/18 (e) | | 3,215 | 3,805,612 |
| Kinder
Morgan Finance Co. LLC, 6.00%, 1/15/18 (a)(e) | | 1,285 | 1,418,574 |
| Kodiak
Oil & Gas Corp., 8.13%, 12/01/19 | | 865 | 973,125 |
Field: Page; Sequence: 9
BLACKROCK LIMITED DURATION INCOME TRUST MAY 31, 2013 8
Field: /Page
Consolidated Schedule of Investments (continued) BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)
| Corporate
Bonds | | | |
| --- | --- | --- | --- |
| Oil,
Gas & Consumable Fuels (concluded) | | | |
| LBC
Tank Terminals Holding Netherlands BV, 6.88%, 5/15/23 (a) | USD | 200 | $ 207,750 |
| Lightstream
Resources Ltd. (FKA PetroBakken Energy Ltd.), 8.63%, 2/01/20 (a) | | 619 | 634,475 |
| Linn
Energy LLC: | | | |
| 6.25%,
11/01/19 (a)(e) | | 1,030 | 1,037,725 |
| 8.63%,
4/15/20 | | 255 | 279,225 |
| 7.75%,
2/01/21 (e) | | 535 | 567,100 |
| MarkWest
Energy Partners LP: | | | |
| 6.25%,
6/15/22 | | 239 | 258,120 |
| 5.50%,
2/15/23 | | 460 | 480,700 |
| Memorial
Production Partners LP, 7.63%, 5/01/21 (a) | | 344 | 345,720 |
| Newfield
Exploration Co., 5.63%, 7/01/24 | | 82 | 86,100 |
| Oasis
Petroleum, Inc.: | | | |
| 7.25%,
2/01/19 | | 380 | 409,450 |
| 6.50%,
11/01/21 | | 410 | 442,800 |
| Offshore
Group Investment Ltd., 7.13%, 4/01/23 (a) | | 656 | 677,320 |
| ONEOK
Partners LP, 2.00%, 10/01/17 (e) | | 355 | 357,405 |
| Pacific
Drilling SA, 5.38%, 6/01/20 (a)(c) | | 598 | 592,020 |
| PBF
Holding Co. LLC, 8.25%, 2/15/20 (e) | | 466 | 514,930 |
| Petrobras
Global Finance BV, 3.00%, 1/15/19 (e) | | 768 | 749,080 |
| Plains
Exploration & Production Co., 6.88%, 2/15/23 | | 615 | 695,719 |
| Range
Resources Corp. (e): | | | |
| 6.75%,
8/01/20 | | 815 | 882,237 |
| 5.75%,
6/01/21 | | 1,281 | 1,354,657 |
| 5.00%,
8/15/22 | | 537 | 545,055 |
| Rosetta
Resources, Inc., 5.63%, 5/01/21 | | 379 | 379,948 |
| Sabine
Pass Liquefaction LLC (a): | | | |
| 5.63%,
2/01/21 (e) | | 2,874 | 2,884,777 |
| 5.63%,
4/15/23 | | 754 | 754,000 |
| Sabine
Pass Liquified Natural Gas LP (e): | | | |
| 7.50%,
11/30/16 | | 4,110 | 4,582,650 |
| 6.50%,
11/01/20 (a) | | 745 | 780,387 |
| SandRidge
Energy, Inc.: | | | |
| 8.75%,
1/15/20 | | 94 | 101,050 |
| 7.50%,
2/15/23 (e) | | 1,096 | 1,128,880 |
| SESI
LLC, 6.38%, 5/01/19 (e) | | 755 | 815,400 |
| SM
Energy Co. (e): | | | |
| 6.50%,
11/15/21 | | 605 | 660,962 |
| 6.50%,
1/01/23 | | 285 | 313,500 |
| Tesoro
Logistics LP/Tesoro Logistics Finance Corp., 5.88%, 10/01/20 (a)(e) | | 176 | 183,480 |
| | | | 43,745,859 |
| Corporate
Bonds | | Par (000) | Value |
| Paper
& Forest Products — 0.2% | | | |
| Ainsworth
Lumber Co. Ltd., 7.50%, 12/15/17 (a)(e) | USD | 810 | $ 874,800 |
| NewPage
Corp., 11.38%, 12/31/14 (d)(l) | | 3,177 | — |
| Sappi
Papier Holding GmbH, 8.38%, 6/15/19 (a)(e) | | 305 | 336,263 |
| WEPA
Hygieneprodukte GmbH, 6.50%, 5/15/20 | EUR | 100 | 135,941 |
| | | | 1,347,004 |
| Pharmaceuticals
— 0.4% | | | |
| Valeant
Pharmaceuticals International (a)(e): | | | |
| 6.50%,
7/15/16 | USD | 590 | 610,650 |
| 6.88%,
12/01/18 | | 1,210 | 1,291,675 |
| 6.38%,
10/15/20 | | 613 | 643,650 |
| | | | 2,545,975 |
| Professional
Services — 0.1% | | | |
| La
Financiere Atalian SA, 7.25%, 1/15/20 | EUR | 202 | 263,862 |
| Truven
Health Analytics, Inc., 10.63%, 6/01/20 (a) | USD | 540 | 610,200 |
| | | | 874,062 |
| Real
Estate Investment Trusts (REITs) — 0.6% | | | |
| Cantor
Commercial Real Estate Co. LP, 7.75%, 2/15/18 (a)(e) | | 634 | 656,190 |
| Felcor
Lodging LP: | | | |
| 6.75%,
6/01/19 | | 1,170 | 1,248,975 |
| 5.63%,
3/01/23 | | 291 | 296,093 |
| iStar
Financial, Inc., 4.88%, 7/01/18 | | 449 | 445,632 |
| Ventas
Realty LP/Ventas Capital Corp., 4.75%, 6/01/21 (e) | | 1,300 | 1,420,435 |
| | | | 4,067,325 |
| Real
Estate Management & Development — 1.3% | | | |
| Punch
Taverns Finance Plc, Series A2R, 6.82%, 7/15/20 | GBP | 1,115 | 1,745,580 |
| Realogy
Corp. (a): | | | |
| 3.38%,
5/01/16 | USD | 756 | 750,330 |
| 7.88%,
2/15/19 (e) | | 1,765 | 1,937,087 |
| 7.63%,
1/15/20 (e) | | 1,015 | 1,149,487 |
| 9.00%,
1/15/20 (e) | | 435 | 505,688 |
| Shea
Homes LP, 8.63%, 5/15/19 (e) | | 2,110 | 2,394,850 |
| | | | 8,483,022 |
| Road
& Rail — 1.0% | | | |
| Asciano
Finance Ltd., 3.13%, 9/23/15 (a)(e) | | 3,400 | 3,500,997 |
| The
Hertz Corp.: | | | |
| 7.50%,
10/15/18 | | 540 | 587,250 |
| 6.75%,
4/15/19 | | 405 | 439,931 |
| 5.88%,
10/15/20 | | 435 | 458,925 |
Field: Page; Sequence: 10
BLACKROCK LIMITED DURATION INCOME TRUST MAY 31, 2013 9
Field: /Page
Consolidated Schedule of Investments (continued) BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)
| Corporate
Bonds | | | |
| --- | --- | --- | --- |
| Road
& Rail (concluded) | | | |
| The
Hertz Corp. (concluded): | | | |
| 7.38%,
1/15/21 | USD | 675 | $ 745,875 |
| 6.25%,
10/15/22 (e) | | 605 | 657,181 |
| Watco
Cos. LLC/Watco Finance Corp., 6.38%, 4/01/23 (a) | | 199 | 209,448 |
| | | | 6,599,607 |
| Semiconductors
& Semiconductor Equipment — 0.2% | | | |
| NXP
BV/NXP Funding LLC (a): | | | |
| 3.75%,
6/01/18 | | 950 | 935,750 |
| 5.75%,
2/15/21 (e) | | 560 | 588,000 |
| | | | 1,523,750 |
| Software
— 0.7% | | | |
| IAC/InterActiveCorp,
4.75%, 12/15/22 (a)(e) | | 527 | 517,778 |
| Infor
US, Inc., 9.38%, 4/01/19 (e) | | 2,000 | 2,255,000 |
| Nuance
Communications, Inc., 5.38%, 8/15/20 (a)(e) | | 1,715 | 1,736,437 |
| | | | 4,509,215 |
| Specialty
Retail — 1.6% | | | |
| Claire's
Stores, Inc. (a): | | | |
| 9.00%,
3/15/19 (e) | | 1,034 | 1,163,250 |
| 7.75%,
6/01/20 | | 219 | 221,738 |
| Michaels
Stores, Inc., 7.75%, 11/01/18 | | 317 | 343,945 |
| New
Academy Finance Co., 8.00%, 6/15/18 (a)(i) | | 218 | 224,540 |
| Party
City Holdings, Inc., 8.88%, 8/01/20 (a) | | 599 | 672,377 |
| Penske
Automotive Group, Inc., 5.75%, 10/01/22 (a)(e) | | 705 | 742,894 |
| QVC,
Inc. (a)(e): | | | |
| 7.50%,
10/01/19 | | 410 | 451,437 |
| 7.38%,
10/15/20 | | 1,260 | 1,392,277 |
| Sally
Holdings LLC (e): | | | |
| 6.88%,
11/15/19 | | 920 | 1,020,050 |
| 5.75%,
6/01/22 | | 425 | 447,312 |
| Sonic
Automotive, Inc., 5.00%, 5/15/23 (a) | | 133 | 132,003 |
| The
Western Union Co., 2.88%, 12/10/17 (e) | | 4,000 | 4,079,780 |
| | | | 10,891,603 |
| Textiles,
Apparel & Luxury Goods — 0.1% | | | |
| Levi
Strauss & Co., 6.88%, 5/01/22 (e) | | 380 | 421,325 |
| Tobacco
— 0.4% | | | |
| Reynolds
American, Inc., 7.63%, 6/01/16 (e) | | 2,500 | 2,958,270 |
| Transportation
Infrastructure — 0.8% | | | |
| Aguila
3 SA, 7.88%, 1/31/18 (a) | | 498 | 535,972 |
| Corporate
Bonds | | Par (000) | Value |
| Transportation
Infrastructure (concluded) | | | |
| Federal
Express Corp. 2012 Pass Through Trust, 2.63%, 1/15/18 (a)(e) | USD | 1,212 | $ 1,223,971 |
| Penske
Truck Leasing Co. LP/PTL Finance Corp., 3.13%, 5/11/15 (a)(e) | | 3,372 | 3,494,350 |
| | | | 5,254,293 |
| Wireless
Telecommunication Services — 2.5% | | | |
| Crown
Castle International Corp., 5.25%, 1/15/23 (e) | | 725 | 734,062 |
| Crown
Castle Towers LLC, 4.52%, 1/15/35 (a)(e) | | 3,000 | 3,158,988 |
| Digicel
Group Ltd., 8.25%, 9/30/20 (a)(e) | | 1,215 | 1,293,975 |
| Digicel
Ltd., 6.00%, 4/15/21 (a)(c)(e) | | 2,453 | 2,440,735 |
| Softbank
Corp., 4.50%, 4/15/20 (a)(e) | | 1,745 | 1,770,672 |
| Sprint
Capital Corp., 6.88%, 11/15/28 (e) | | 1,410 | 1,410,000 |
| Sprint
Nextel Corp. (a)(e): | | | |
| 9.00%,
11/15/18 | | 3,070 | 3,722,375 |
| 7.00%,
3/01/20 | | 1,510 | 1,698,750 |
| Wind
Acquisition Finance SA, 6.50%, 4/30/20 (a) | | 311 | 319,553 |
| | | | 16,549,110 |
| Total
Corporate Bonds – 68.8% | | | 457,900,743 |
| Floating
Rate Loan Interests (b) | | | |
| Aerospace
& Defense — 0.3% | | | |
| DigitalGlobe,
Inc., Term Loan B, 3.75%, 1/31/20 | | 1,300 | 1,307,150 |
| Transdigm,
Inc., Term Loan C, 3.75%, 2/28/20 | | 658 | 665,098 |
| | | | 1,972,248 |
| Airlines
— 0.4% | | | |
| Delta
Air Lines, Inc., Term Loan B, 5.00%, 4/20/17 | | 684 | 691,567 |
| Northwest
Airlines, Inc.: | | | |
| Term
Loan, 2.30%, 3/10/17 | | 300 | 278,076 |
| Term
Loan, 2.30%, 3/10/17 | | 301 | 278,899 |
| Term
Loan, 1.68%, 9/10/18 | | 251 | 221,794 |
| Term
Loan, 1.68%, 9/10/18 | | 255 | 225,540 |
| Term
Loan, 1.68%, 9/10/18 | | 253 | 223,918 |
| US
Airways Group, Inc., Term Loan B1, 4.25%, 5/23/19 | | 840 | 839,160 |
| | | | 2,758,954 |
Field: Page; Sequence: 11
BLACKROCK LIMITED DURATION INCOME TRUST MAY 31, 2013 10
Field: /Page
Consolidated Schedule of Investments (continued) BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)
| Floating
Rate Loan Interests (b) | | | |
| --- | --- | --- | --- |
| Auto
Components — 2.2% | | | |
| Affinia
Group Intermediate Holdings Inc., Term Loan B2, 4.75%, 4/15/20 | USD | 910 | $ 912,275 |
| Autoparts
Holdings Ltd.: | | | |
| First
Lien Term Loan, 6.50%, 7/28/17 | | 964 | 950,016 |
| Second
Lien Term Loan, 10.50%, 1/29/18 | | 1,500 | 1,481,250 |
| Federal-Mogul
Corp.: | | | |
| Term
Loan B, 2.13% - 2.14%, 12/29/14 | | 3,840 | 3,757,405 |
| Term
Loan C, 2.13% - 2.14%, 12/28/15 | | 3,094 | 3,023,127 |
| The
Goodyear Tire & Rubber Co., Second Lien Term Loan, 4.75%, 4/30/19 | | 2,985 | 3,000,761 |
| Schaeffler
AG, Term Loan C, 4.25%, 1/27/17 | | 140 | 141,691 |
| Transtar
Holding Co., First Lien Term Loan, 5.50%, 10/09/18 | | 1,279 | 1,291,361 |
| | | | 14,557,886 |
| Beverages
— 0.0% | | | |
| Le-Nature's,
Inc., Tranche B Term Loan, 3/01/11 (f)(l) | | 1,000 | 100 |
| Biotechnology
— 0.1% | | | |
| Grifols,
Inc., Term Loan B, 4.25%, 6/01/17 | | 533 | 536,778 |
| Building
Products — 0.3% | | | |
| CPG
International, Inc., Term Loan, 5.75%, 9/18/19 | | 1,368 | 1,377,250 |
| United
Subcontractors, Inc., Term Loan, 2.00% - 4.29%, 6/30/15 | | 166 | 157,797 |
| Wilsonart
International Holdings LLC, Term Loan B, 4.00%, 10/31/19 | | 818 | 818,155 |
| | | | 2,353,202 |
| Capital
Markets — 0.7% | | | |
| American
Capital Holdings, Inc., Term Loan, 5.50%, 8/22/16 | | 1,462 | 1,480,275 |
| HarbourVest
Partners LLC, Term Loan B, 4.75%, 11/21/17 | | 880 | 885,930 |
| Knight
Capital Group, Inc., Term Loan B, 5.25%, 11/10/17 | | 785 | 777,150 |
| Nuveen
Investments, Inc.: | | | |
| Incremental
Term Loan, 4.19%, 5/13/17 | | 1,079 | 1,082,116 |
| Second
Lien Term Loan, 6.50%, 2/28/19 | | 685 | 686,712 |
| | | | 4,912,183 |
| Floating
Rate Loan Interests (b) | | Par (000) | Value |
| Chemicals
— 1.3% | | | |
| AI
Chem & Cy S.C.A.: | | | |
| Term
Loan B1, 4.50%, 10/03/19 | USD | 323 | $ 324,832 |
| Term
Loan B2, 4.50%, 10/03/19 | | 167 | 168,749 |
| American
Rock Salt Holdings LLC, Term Loan, 5.50%, 4/25/17 | | 673 | 676,972 |
| Chemtura
Corp., Exit Term Loan B, 5.50%, 8/27/16 | | 497 | 502,054 |
| Evergreen
Acqco 1 LP, Term Loan, 5.00%, 7/09/19 | | 779 | 782,044 |
| General
Chemical Corp., Term Loan, 5.00% - 5.75%, 10/06/15 | | 101 | 101,726 |
| INEOS
US Finance LLC, 6 Year Term Loan, 4.00%, 5/04/18 | | 904 | 902,924 |
| MacDermid,
Inc., Tranche C Term Loan, 2.31%, 4/11/14 | EUR | 411 | 532,525 |
| Nexeo
Solutions LLC, Term Loan B, 5.00%, 9/08/17 | USD | 1,274 | 1,269,223 |
| Tronox
Pigments (Netherlands) BV, Term Loan, 4.50%, 3/19/20 | | 1,083 | 1,092,219 |
| US
Coatings Acquisition, Inc.: | | | |
| Term
Loan, 4.75%, 2/03/20 | | 2,110 | 2,125,044 |
| Term
Loan B, 5.25%, 2/03/20 | EUR | 0.00 | 0.00 |
| | | | 8,478,312 |
| Commercial
Banks — 0.3% | | | |
| Everest
Acquisition LLC, Term Loan B3, 3.50%, 5/24/18 | USD | 1,690 | 1,698,027 |
| Commercial
Services & Supplies — 1.8% | | | |
| ADS
Waste Holdings, Inc., Term Loan B, 4.25%, 10/09/19 | | 1,486 | 1,495,149 |
| Altegrity,
Inc.: | | | |
| Term
Loan, 5.00%, 2/21/15 | | 815 | 807,363 |
| Tranche
D Term Loan, 7.75%, 2/20/15 | | 871 | 878,824 |
| AWAS
Finance Luxembourg 2012 SA, Term Loan, 3.50%, 7/16/18 | | 1,299 | 1,312,418 |
| AWAS
Finance Luxembourg Sarl, Term Loan B, 3.50%, 6/10/16 | | 967 | 974,070 |
| Catalent
Pharma Solutions Inc., Term Loan, 6.50%, 12/29/17 | | 370 | 374,163 |
| KAR
Auction Services, Inc., Term Loan B, 3.75%, 5/19/17 | | 1,440 | 1,459,402 |
| Learning
Care Group (US) No. 2 Inc, Term Loan B, 6.00%, 5/08/19 | | 390 | 390,733 |
| Livingston
International Inc., First Lien Term Loan, 5.00%, 4/16/19 | | 780 | 781,466 |
| Livingston
International, Inc., Second Lien Term Loan, 9.00%, 4/16/20 | | 360 | 365,400 |
| Protection
One, Inc., Term Loan, 4.25%, 3/21/19 | | 822 | 827,865 |
Field: Page; Sequence: 12
BLACKROCK LIMITED DURATION INCOME TRUST MAY 31, 2013 11
Field: /Page
Consolidated Schedule of Investments (continued) BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)
| Floating
Rate Loan Interests (b) | | | |
| --- | --- | --- | --- |
| Commercial
Services & Supplies (concluded) | | | |
| Spin
Holdco Inc., Term Loan B, 4.25%, 11/15/19 | USD | 1,255 | $ 1,261,275 |
| West
Corp., Term Loan B8, 4.25%, 6/29/18 | | 995 | 1,002,254 |
| | | | 11,930,382 |
| Communications
Equipment — 1.9% | | | |
| Alcatel-Lucent
USA, Inc.: | | | |
| Term
Loan B, 6.25%, 8/01/16 | | 590 | 595,983 |
| Term
Loan C, 7.25%, 1/30/19 | | 3,641 | 3,676,519 |
| Term
Loan D, 7.50%, 1/30/19 | EUR | 1,232 | 1,619,191 |
| Avaya,
Inc.: | | | |
| Extended
Term Loan B3, 4.77%, 10/26/17 | USD | 1,093 | 980,445 |
| Term
Loan B5, 8.00%, 3/30/18 | | 358 | 341,496 |
| CommScope,
Inc., Term Loan, 3.75%, 1/12/18 | | 1,225 | 1,236,098 |
| Telesat
Canada, Term Loan A, 4.83%, 3/24/17 | CAD | 1,812 | 1,739,091 |
| Zayo
Group, LLC, Term Loan B, 4.50%, 7/02/19 | USD | 2,803 | 2,802,762 |
| | | | 12,991,585 |
| Construction
& Engineering — 0.3% | | | |
| Centaur
LLC: | | | |
| First
Lien Term Loan, 5.25%, 2/15/19 | | 1,445 | 1,457,644 |
| Second
Lien Term Loan, 8.75%, 2/15/20 | | 710 | 719,322 |
| | | | 2,176,966 |
| Construction
Materials — 0.3% | | | |
| HD
Supply, Inc., Senior Debt B, 4.50%, 10/12/17 | | 2,102 | 2,117,840 |
| Consumer
Finance — 0.2% | | | |
| Moneygram
International, Inc, Term Loan B, 4.25%, 3/20/20 | | 635 | 636,587 |
| Springleaf
Financial Funding Co., Term Loan, 5.50%, 5/10/17 | | 502 | 503,448 |
| | | | 1,140,035 |
| Containers
& Packaging — 0.3% | | | |
| Pact
Group Pty Ltd., Term Loan B, 3.75%, 5/08/20 | | 1,250 | 1,262,500 |
| Sealed
Air Corp., Term Loan, 4.00%, 10/03/18 | | 516 | 521,775 |
| | | | 1,784,275 |
| Distributors
— 0.4% | | | |
| ABC
Supply Co., Inc., Term Loan, 3.50%, 4/16/20 | | 2,105 | 2,110,894 |
| Crossmark
Holdings, Inc., Term Loan, 4.50%, 12/20/19 | | 384 | 384,038 |
| Floating
Rate Loan Interests (b) | | Par (000) | Value |
| Distributors
— (concluded) | | | |
| VWR
Funding, Inc., Extended Term Loan, 4.19%, 4/03/17 | USD | 459 | $ 462,672 |
| | | | 2,957,604 |
| Diversified
Consumer Services — 0.9% | | | |
| Bright
Horizons Family Solutions, Inc., Term Loan B, 4.00% - 5.25%, 1/30/20 | | 783 | 788,323 |
| Dundee
Holdco 4 Limited, Term Loan, 5.50%, 3/28/20 | | 555 | 558,469 |
| Education
Management LLC, Term Loan C3, 8.25%, 3/29/18 | | 148 | 139,321 |
| Laureate
Education, Inc., Extended Term Loan, 5.25%, 6/18/18 | | 1,730 | 1,735,453 |
| ServiceMaster
Co., Term Loan, 4.25%, 1/31/17 | | 1,292 | 1,291,517 |
| Weight
Watchers International, Inc., Term Loan B2, 3.75%, 4/02/20 | | 1,200 | 1,199,328 |
| | | | 5,712,411 |
| Diversified
Financial Services — 1.0% | | | |
| ION
Trading Technologies Ltd Inc: | | | |
| First
Lien Term Loan, 4.50%, 5/22/20 | | 560 | 563,965 |
| Second
Lien Term Loan, 8.25%, 5/21/21 | | 310 | 312,325 |
| Reynolds
Group Holdings Inc., Dollar Term Loan, 4.75%, 9/28/18 | | 1,525 | 1,536,953 |
| ROC
Finance LLC, Term Loan, 5.00%, 5/15/19 | | 630 | 634,410 |
| Telesat
LLC, Term Loan B, 3.50%, 3/28/19 | | 1,697 | 1,705,853 |
| WMG
Acquisition Corp.: | | | |
| Delayed
Draw Term Loan 1, 4.25%, 7/06/20 | | 619 | 615,476 |
| Delayed
Draw Term Loan 2, 3.75%, 7/06/20 | | 96 | 95,356 |
| Term
Loan, 3.75%, 5/18/20 | | 1,025 | 1,030,125 |
| | | | 6,494,463 |
| Diversified
Telecommunication Services — 1.9% | | | |
| Consolidated
Communications, Inc., Term Loan B3, 5.25%, 12/31/18 | | 2,249 | 2,268,482 |
| Hawaiian
Telcom Communications, Inc., Term Loan B, 7.00%, 2/28/17 | | 1,738 | 1,748,099 |
| Integra
Telecom Inc.: | | | |
| Second
Lien Term Loan, 9.75%, 2/21/20 | | 590 | 605,907 |
| Term
Loan, 6.00%, 2/22/19 | | 1,175 | 1,186,750 |
| Level
3 Financing, Inc.: | | | |
| 2016
Term Loan B, 4.75%, 2/01/16 | | 761 | 767,835 |
Field: Page; Sequence: 13
BLACKROCK LIMITED DURATION INCOME TRUST MAY 31, 2013 12
Field: /Page
Consolidated Schedule of Investments (continued) BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)
| Floating
Rate Loan Interests (b) | | | |
| --- | --- | --- | --- |
| Diversified
Telecommunication Services (concluded) | | | |
| Level
3 Financing, Inc. (concluded): | | | |
| 2019
Term Loan B, 5.25%, 8/01/19 | USD | 0.00 | $ 0.00 |
| Term
Loan, 4.75%, 8/01/19 | | 4,830 | 4,864,728 |
| Syniverse
Holdings, Inc., Delayed Draw Term Loan, 4.00%, 4/23/19 | | 525 | 526,806 |
| US
Telepacific Corp., Term Loan B, 5.75%, 2/23/17 | | 493 | 492,449 |
| | | | 12,461,056 |
| Electronic
Equipment, Instruments & Components — 0.1% | | | |
| CDW
LLC, Term Loan, 3.50%, 4/29/20 | | 850 | 846,813 |
| Energy
Equipment & Services — 0.7% | | | |
| API
Heat Transfer, Inc., Term Loan, 5.25%, 4/30/19 | | 685 | 685,000 |
| Dynegy
Holdings Inc., Term Loan B2, 4.00%, 4/23/20 | | 1,370 | 1,373,137 |
| MEG
Energy Corp., Term Loan, 3.75%, 3/31/20 | | 1,317 | 1,323,528 |
| Tervita
Corp., Term Loan, 6.25%, 5/15/18 | | 927 | 937,179 |
| Unifrax
Corp., Term Loan, 4.25%, 11/28/18 | USD | 554 | 556,729 |
| | | | 4,875,573 |
| Food
& Staples Retailing — 1.0% | | | |
| JC
Penney Corp., Inc., First Lien Term Loan, 6.00%, 4/30/18 | | 1,890 | 1,914,816 |
| Pilot
Travel Centers LLC, Term Loan B2, 4.25%, 8/07/19 | | 607 | 600,880 |
| Rite
Aid Corp.: | | | |
| Second
Lien Term Loan, 5.75%, 8/21/20 | | 240 | 247,450 |
| Term
Loan 6, 4.00%, 2/21/20 | | 260 | 261,354 |
| Sprouts
Farmers Markets Holdings, LLC, Term Loan, 4.50%, 4/23/20 | | 630 | 630,000 |
| Supervalu
Inc, Term Loan B, 5.00%, 3/21/19 | | 919 | 916,007 |
| US
Foods, Inc., Term Loan, 4.50%, 3/29/19 | | 2,000 | 1,992,500 |
| | | | 6,563,007 |
| Food
Products — 0.7% | | | |
| Advance
Pierre Foods, Inc., Term Loan, 5.75%, 7/10/17 | | 783 | 787,689 |
| Del
Monte Foods Co., Term Loan, 4.00%, 3/08/18 | | 586 | 588,166 |
| Dole
Food Co., Inc., Term Loan, 3.75%, 4/01/20 | | 1,125 | 1,127,610 |
| Floating
Rate Loan Interests (b) | | Par (000) | Value |
| Food
Products (concluded) | | | |
| Performance
Food Group Co., Second Lien Term Loan, 6.25%, 11/29/19 | USD | 1,050 | $ 1,050,263 |
| Pinnacle
Foods Finance LLC, Term Loan G, 3.25%, 4/29/20 | | 1,200 | 1,200,000 |
| | | | 4,753,728 |
| Health
Care Equipment & Supplies — 1.6% | | | |
| Arysta
LifeScience Corp.: | | | |
| First
Lien Term Loan, 4.50%, 5/25/20 | | 1,485 | 1,491,504 |
| Second
Lien Term Loan, 8.25%, 11/30/20 | | 530 | 535,464 |
| Bausch
& Lomb, Inc., Term Loan B, 4.00%, 5/17/19 | | 2,040 | 2,042,912 |
| BSN
Medical Acquisition Holding GmbH, Term Loan B1A, 5.00%, 8/28/19 | | 700 | 706,125 |
| Capital
Safety North America Holding, Inc., Term Loan, 4.50%, 1/21/19 | | 990 | 991,880 |
| DJO
Finance LLC, Term Loan B3, 4.75%, 9/15/17 | | 1,828 | 1,851,197 |
| Hologic,
Inc., Term Loan B, 4.50%, 8/01/19 | | 1,634 | 1,643,813 |
| Immucor,
Inc., Term Loan B2, 5.00%, 8/17/18 | | 641 | 645,435 |
| LHP
Hospital Group, Inc., Term Loan, 9.00%, 7/03/18 | | 854 | 870,621 |
| | | | 10,778,951 |
| Health
Care Providers & Services — 1.5% | | | |
| American
Renal Holdings, Inc.: | | | |
| First
Lien Term Loan, 4.50%, 9/22/19 | | 855 | 856,607 |
| Second
Lien Term Loan, 8.50%, 2/14/20 | | 890 | 895,189 |
| Ardent
Medical Services, Inc., Term Loan, 6.75%, 7/02/18 | | 479 | 483,985 |
| CHG
Buyer Corp., First Lien Term Loan, 5.00%, 11/22/19 | | 839 | 847,317 |
| ConvaTec,
Inc., Term Loan, 5.00%, 12/22/16 | | 1,220 | 1,233,871 |
| DaVita,
Inc., Term Loan B, 4.50%, 10/20/16 | | 1,955 | 1,971,618 |
| Emergency
Medical Services Corp., Term Loan, 4.00%, 5/25/18 | | 278 | 279,392 |
| Genesis
HealthCare Corp., Term Loan B, 10.00% - 10.75%, 9/25/17 | | 1,083 | 1,114,993 |
| inVentiv
Health, Inc.: | | | |
| Combined
Term Loan, 7.50%, 8/04/16 | | 360 | 355,409 |
| Incremental
Term Loan B3, 7.75%, 5/15/18 | | 232 | 229,757 |
Field: Page; Sequence: 14
BLACKROCK LIMITED DURATION INCOME TRUST MAY 31, 2013 13
Field: /Page
Consolidated Schedule of Investments (continued) BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)
| Floating
Rate Loan Interests (b) | | | |
| --- | --- | --- | --- |
| Health
Care Providers & Services (concluded) | | | |
| Surgical
Care Affiliates, Inc., Term Loan B, 4.25%, 6/29/18 | USD | 600 | $ 601,878 |
| US
Renal Care, Inc., First Lien Term Loan, 6.25%, 7/02/19 | | 854 | 863,152 |
| | | | 9,733,168 |
| Health
Care Technology — 0.3% | | | |
| IMS
Health, Inc., Term Loan B1, 3.75%, 9/01/17 | | 640 | 643,678 |
| Kinetic
Concepts, Inc., Term Loan C1, 5.50%, 5/04/18 | | 612 | 619,529 |
| MedAssets,
Inc., Term Loan B, 4.00%, 12/13/19 | | 346 | 347,567 |
| Merge
Healthcare Inc, Term Loan B, 6.00%, 4/23/19 | | 420 | 422,100 |
| | | | 2,032,874 |
| Hotels,
Restaurants & Leisure — 4.7% | | | |
| Alpha
D2 Ltd., Extended Term Loan B2, 6.00%, 4/30/19 | | 1,669 | 1,686,637 |
| Caesars
Entertainment Operating Co., Inc., Extended Term Loan B6, 5.44%, 1/26/18 | | 230 | 205,328 |
| Golden
Living, Term Loan, 5.00%, 5/04/18 | | 1,062 | 1,021,933 |
| Harrah's
Property Co., Mezzanine Term Loan, 3.69%, 2/13/14 | | 7,761 | 7,081,730 |
| Hilton
Hotels Corp.: | | | |
| Mezzanine
Class F, 4.45%, 11/12/15 | | 1,275 | 1,262,200 |
| Mezzanine
Class G, 4.70%, 11/12/15 | | 9,212 | 9,120,186 |
| Kasima
LLC, Term Loan B, 3.25%, 5/14/21 | | 1,010 | 1,011,899 |
| MGM
Resorts International, Term Loan B, 3.50%, 12/20/19 | | 1,248 | 1,250,909 |
| OSI
Restaurant Partners LLC, Term Loan, 3.50%, 10/25/19 | | 605 | 604,564 |
| Sabre,
Inc., Term Loan B, 5.25%, 2/19/19 | | 569 | 575,279 |
| Station
Casinos, Inc., Term Loan B, 5.00%, 3/01/20 | | 3,285 | 3,315,386 |
| Travelport
LLC: | | | |
| Second
Lien PIK Term Loan 2, 8.38%, 12/01/16 | | 1,012 | 1,003,842 |
| Second
Lien Term Loan 1, 9.50%, 1/29/16 | | 578 | 602,024 |
| Twin
River Worldwide Holdings, Inc., Term Loan B, 5.25%, 9/27/18 | | 1,430 | 1,446,088 |
| Wendy's
International, Inc., Term Loan B, 3.25%, 5/15/19 | | 845 | 849,645 |
| | | | 31,037,650 |
| Floating
Rate Loan Interests (b) | | Par (000) | Value |
| Household
Products — 0.4% | | | |
| Anchor
Hocking LLC, Term Loan, 7.50%, 5/06/20 | USD | 240 | $ 242,400 |
| Prestige
Brands, Inc., Term Loan, 3.75%, 1/31/19 | | 674 | 679,158 |
| Spectrum
Brands, Inc., Term Loan, 4.50% - 5.50%, 12/17/19 | | 1,172 | 1,185,042 |
| Waddington
North America Inc.: | | | |
| First
Lien Term Loan, 4.75%, 5/15/20 | | 385 | 385,962 |
| Second
Lien Term Loan, 8.50%, 11/16/20 | | 475 | 477,375 |
| | | | 2,969,937 |
| Independent
Power Producers & Energy Traders — 0.7% | | | |
| The
AES Corp., Term Loan B, 3.75%, 6/01/18 | | 383 | 386,691 |
| Calpine
Corp., Term Loan B1, 4.00%, 4/02/18 | | 1,062 | 1,070,315 |
| La
Frontera Generation, LLC, Term Loan, 4.50%, 9/30/20 | | 1,955 | 1,969,663 |
| Star
West Generation LLC, Term Loan B, 5.00%, 3/13/20 | | 1,030 | 1,032,575 |
| | | | 4,459,244 |
| Industrial
Conglomerates — 0.3% | | | |
| Sequa
Corp., Term Loan B, 5.25%, 6/19/17 | | 1,848 | 1,865,822 |
| Insurance
— 1.1% | | | |
| Alliant
Holdings I, Inc., Term Loan B, 5.00%, 12/20/19 | | 1,072 | 1,077,674 |
| Asurion
LLC, Term Loan B1, 4.50%, 5/24/19 | | 1,541 | 1,547,472 |
| CNO
Financial Group, Inc.: | | | |
| Term
Loan B1, 3.00%, 9/28/16 | | 941 | 945,795 |
| Term
Loan B2, 3.75%, 9/20/18 | | 1,352 | 1,359,170 |
| Cooper
Gay Swett & Crawford Ltd.: First
Lien Term Loan, 5.00%, 4/06/20 | | 1,060 | 1,071,925 |
| Second
Lien Term Loan, 8.25%,
10/05/20 | | 500 | 508,750 |
| Cunningham
Lindsey US, Inc., First Lien Term Loan, 5.00%, 12/10/19 | | 928 | 935,792 |
| | | | 7,446,578 |
| Internet
Software & Services — 0.1% | | | |
| Web.com
Group, Inc., Term Loan B, 4.50%, 10/27/17 | | 930 | 942,479 |
| IT
Services — 1.4% | | | |
| CCC
Information Services, Inc., Term Loan, 4.00%, 12/20/19 | | 309 | 310,771 |
Field: Page; Sequence: 15
BLACKROCK LIMITED DURATION INCOME TRUST MAY 31, 2013 14
Field: /Page
Consolidated Schedule of Investments (continued) BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)
| Floating
Rate Loan Interests (b) | | | |
| --- | --- | --- | --- |
| IT
Services (concluded) | | | |
| Ceridian
Corp., Extended Term Loan, 5.95%, 5/09/17 | USD | 1,084 | $ 1,091,413 |
| First
Data Corp.: | | | |
| Extended
2018 Term Loan B, 4.20%, 3/23/18 | | 2,344 | 2,333,466 |
| Term
Loan, 4.20%, 3/24/17 | | 0.00 | 0.00 |
| Term
Loan, 4.20%, 9/24/18 | | 1,805 | 1,795,722 |
| InfoGroup,
Inc., Term Loan, 7.50%, 5/25/18 | | 754 | 685,985 |
| SunGard
Data Systems, Inc.: | | | |
| Term
Loan D, 4.50%, 1/31/20 | | 389 | 393,888 |
| Term
Loan E, 4.00%, 3/08/20 | | 435 | 439,624 |
| TransUnion
LLC, Term Loan, 4.25%, 2/10/19 | | 2,591 | 2,608,782 |
| | | | 9,659,651 |
| Life
Sciences Tools & Services — 0.1% | | | |
| Patheon,
Inc., Term Loan, 7.25%, 12/06/18 | | 468 | 473,496 |
| Machinery
— 1.3% | | | |
| Alliance
Laundry Systems LLC, Term Loan, 4.50%, 12/07/18 | | 298 | 300,534 |
| Dematic
S.A., Term Loan, 5.25%, 12/27/19 | | 1,441 | 1,452,198 |
| Generac
Power Systems, Inc., Term Loan B, 3.50%, 5/30/20 | | 1,425 | 1,424,401 |
| Intelligrated,
Inc., First Lien Term Loan, 4.50% - 5.50%, 7/30/18 | | 1,095 | 1,101,341 |
| Navistar
International Corp., Term Loan B, 5.75%, 8/07/17 | | 525 | 534,835 |
| Rexnord
LLC, Term Loan B, 3.75%, 4/02/18 | | 1,234 | 1,247,827 |
| Silver
II US Holdings LLC, Term Loan, 4.00%, 12/13/19 | | 1,312 | 1,311,988 |
| Terex
Corp., Term Loan B, 5.00%, 4/28/17 | EUR | 176 | 230,417 |
| Wabash
National Corp., Term Loan B, 4.50% - 7.00%, 5/02/19 | USD | 1,177 | 1,183,230 |
| | | | 8,786,771 |
| Media
— 6.3% | | | |
| AMC
Entertainment, Inc., Term Loan, 3.50%, 4/30/20 | | 800 | 801,624 |
| Capsugel
Holdings US, Inc., Term Loan B, 4.75%, 8/01/18 | | 617 | 622,303 |
| Cengage
Learning Acquisitions, Inc., Tranche 1 Incremental, 7.50%, 7/03/14 | | 2,010 | 1,578,981 |
| Charter
Communications Operating LLC, Term Loan D, 3.00%, 4/10/20 | | 1,835 | 1,823,862 |
| Clear
Channel Communications, Inc.: | | | |
| Term
Loan B, 3.84%, 1/29/16 | | 781 | 725,190 |
| Term
Loan C, 3.84%, 1/29/16 | | 211 | 194,679 |
| Term
Loan D, 6.94%, 1/22/19 | | 3,593 | 3,352,701 |
| Floating
Rate Loan Interests (b) | | Par (000) | Value |
| Media
(concluded) | | | |
| Cumulus
Media, Inc., First Lien Term Loan, 4.50%, 9/17/18 | USD | 1,417 | $ 1,429,293 |
| EMI
Music Publishing Ltd., Term Loan B, 4.25%, 6/29/18 | | 766 | 770,701 |
| Fender
Musical Instrument Corp., Term Loan B, 5.75%, 4/03/19 | | 275 | 274,428 |
| Foxco
Acquisition Sub LLC, Term Loan B, 5.50%, 7/14/17 | | 1,168 | 1,182,754 |
| Getty
Images, Inc., Term Loan B, 4.75%, 10/18/19 | | 1,515 | 1,523,027 |
| Houghton
Mifflin Harcourt Publishing Co., DIP Term Loan B, 5.25%, 6/01/18 | | 2,158 | 2,158,200 |
| Hubbard
Broadcasting, Term Loan B, 4.50%, 4/28/17 | | 726 | 729,456 |
| Intelsat
Jackson Holdings Ltd., Term Loan, 5.25%, 2/03/14 | | 3,318 | 3,315,058 |
| Intelsat
Jackson Holdings SA, Term Loan B1, 4.25%, 4/02/18 | | 4,159 | 4,183,224 |
| Interactive
Data Corp., Term Loan B, 3.75%, 2/11/18 | | 2,126 | 2,131,294 |
| Kabel
Deutschland GmbH, Term Loan F1, 3.25%, 2/01/19 | | 685 | 684,315 |
| Lavena
Holding 4 GmbH: | | | |
| Term
Loan B, 2.62%, 3/06/15 | EUR | 304 | 390,662 |
| Term
Loan C, 3.00%, 3/04/16 | | 304 | 392,636 |
| Lavena
Holding 4 GmbH (Prosiebensat.1 Media AG), Second Lien Term Loan, 4.12%, 9/02/16 | | 904 | 1,156,217 |
| NEP
Supershooters LP: | | | |
| Second
Lien Term Loan, 9.50%, 8/18/20 | USD | 340 | 350,768 |
| Term
Loan, 4.75%, 1/18/20 | | 1,676 | 1,693,614 |
| Rentpath,
Inc., Term Loan B, 6.25%, 5/02/20 | | 1,000 | 983,750 |
| Salem
Communications Corp., Term Loan B, 4.50%, 3/16/20 | | 1,035 | 1,047,265 |
| Univision
Communications, Inc., Converted Extended Term Loan, 4.50%, 3/02/20 | | 2,454 | 2,447,441 |
| UPC
Financing Partnership, Term Loan AG, 3.87%, 3/26/21 | EUR | 442 | 575,433 |
| Virgin
Media Investment Holdings: | | | |
| Term
Loan B, 4.50%, 2/15/20 | GBP | 2,340 | 3,583,730 |
| Term
Loan B, 3.50%, 2/17/20 | USD | 410 | 409,209 |
| WC
Luxco Sarl, Term Loan B3, 4.25%, 3/15/18 | | 525 | 527,637 |
| WideOpenWest
Finance LLC, Term Loan B, 4.75%, 3/26/19 | | 739 | 744,500 |
| | | | 41,783,952 |
Field: Page; Sequence: 16
BLACKROCK LIMITED DURATION INCOME TRUST MAY 31, 2013 15
Field: /Page
Consolidated Schedule of Investments (continued) BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)
| Floating
Rate Loan Interests (b) | | | |
| --- | --- | --- | --- |
| Metals
& Mining — 1.8% | | | |
| Ameriforge
Group, Inc.: | | | |
| First
Lien Term Loan, 6.00%, 12/19/19 | USD | 948 | $ 958,684 |
| Second
Lien Term Loan, 8.75%, 12/18/20 | | 470 | 479,400 |
| Constellium
Holdco BV, Term Loan B, 6.25%, 3/25/20 | | 1,355 | 1,377,019 |
| FMG
America Finance, Inc., Term Loan, 5.25%, 10/18/17 | | 2,999 | 3,012,948 |
| Murray
Energy Corp., Term Loan B, 4.75%, 5/24/19 | | 350 | 352,013 |
| Novelis,
Inc., Term Loan, 3.75%, 3/10/17 | | 3,881 | 3,934,016 |
| Walter
Energy, Inc., Term Loan B, 5.75%, 4/02/18 | | 258 | 259,284 |
| Windsor
Financing LLC, Term Loan B, 6.25%, 12/05/17 | | 1,603 | 1,654,904 |
| | | | 12,028,268 |
| Multiline
Retail — 1.0% | | | |
| 99
Cents Only Stores, Term Loan, 5.25%, 1/11/19 | | 794 | 804,532 |
| Apex
Tool Group LLC, Term Loan B, 4.50%, 2/01/20 | | 700 | 704,487 |
| BJ's
Wholesale Club, Inc.: | | | |
| Replacement
Term Loan, 4.25%, 9/26/19 | | 592 | 593,692 |
| Second
Lien Term Loan, 9.75%, 3/26/20 | | 545 | 558,353 |
| HEMA
Holding BV: | | | |
| Second
Lien Term Loan, 5.12%, 1/05/17 | EUR | 2,600 | 3,156,312 |
| Term
Loan B, 2.12%, 7/06/15 | | 334 | 425,163 |
| Term
Loan C, 2.87%, 7/05/16 | | 334 | 427,331 |
| | | | 6,669,870 |
| Oil,
Gas & Consumable Fuels — 2.7% | | | |
| Chesapeake
Energy Corp., Unsecured Term Loan, 5.75%, 12/01/17 | USD | 2,595 | 2,658,396 |
| Gibson
Energy ULC, Term Loan B, 4.75%, 6/15/18 | | 1,226 | 1,240,674 |
| GIM
Channelview Cogeneration, LLC, Term Loan B, 4.25%, 5/04/20 | | 830 | 832,075 |
| Obsidian
Natural Gas Trust, Term Loan, 7.00%, 11/02/15 | | 1,828 | 1,837,201 |
| Pacific
Drilling S.A., Term Loan B, 4.50%, 5/30/18 | | 1,005 | 1,009,080 |
| Panda
Temple Power LCC, Term Loan B, 7.25%, 4/03/19 | | 900 | 919,125 |
| Philadelphia
Energy Solutions LLC, Term Loan B, 6.25%, 4/04/18 | | 1,490 | 1,516,075 |
| Power
Team Services, LLC: | | | |
| Delayed
Draw Term Loan, 0.50%, 5/06/20 | | 44 | 44,472 |
| Floating
Rate Loan Interests (b) | | Par (000) | Value |
| Oil,
Gas & Consumable Fuels (concluded) | | | |
| Power
Team Services, LLC (concluded): | | | |
| First
Lien Term Loan, 4.25%, 5/06/20 | USD | 356 | $ 355,780 |
| Second
Lien Term Loan, 8.25%, 11/06/20 | | 275 | 273,625 |
| Ruby
Western Pipeline Holdings LLC, Term Loan B, 3.50%, 3/27/20 | | 1,115 | 1,120,575 |
| Samson
Investment Co., Second Lien Term Loan, 6.00%, 9/25/18 | | 740 | 743,885 |
| Teine
Energy Ltd., Second Lien Term Loan, 7.50%, 5/09/19 | | 695 | 696,738 |
| Tesoro
Corp., Term Loan B, 2.25%, 1/29/16 | | 1,375 | 1,388,750 |
| Total
Safety US, Inc.: | | | |
| First
Lien Term Loan, 5.75%, 2/21/20 | | 1,040 | 1,046,500 |
| Second
Lien Term Loan, 9.25%, 8/21/20 | | 404 | 410,047 |
| Vantage
Drilling Co.: | | | |
| Term
Loan, 6.25%, 10/26/17 | | 982 | 991,098 |
| Term
Loan B, 5.75%, 3/22/19 | | 735 | 743,577 |
| | | | 17,827,673 |
| Paper
& Forest Products — 0.1% | | | |
| NewPage
Corp., Exit Term Loan, 7.75%, 12/21/18 | | 825 | 841,500 |
| Pharmaceuticals
— 1.1% | | | |
| Aptalis
Pharma, Inc., Term Loan B, 5.50%, 2/10/17 | | 1,466 | 1,470,531 |
| Par
Pharmaceutical Co., Inc., Term Loan B, 4.25%, 9/30/19 | | 1,670 | 1,671,791 |
| Pharmaceutical
Product Development, Inc., Term Loan B, 4.25%, 12/05/18 | | 1,715 | 1,725,790 |
| RPI
Finance Trust, Incremental Tranche 2, 4.00%, 11/09/18 | | 457 | 458,278 |
| Valeant
Pharmaceuticals International, Inc., Term Loan C1, 3.50%, 12/11/19 | | 559 | 561,656 |
| Warner
Chilcott Corp.: | | | |
| Incremental
Term Loan B1, 4.25%, 3/15/18 | | 290 | 291,473 |
| Term
Loan B1, 4.25%, 3/15/18 | | 666 | 669,580 |
| Term
Loan B2, 4.25%, 3/15/18 | | 236 | 237,265 |
| | | | 7,086,364 |
| Professional
Services — 0.7% | | | |
| Booz
Allen Hamilton, Inc., Term Loan B, 4.50%, 7/31/19 | | 1,383 | 1,392,275 |
| Emdeon,
Inc., Term Loan B2, 3.75%, 11/02/18 | | 615 | 618,600 |
Field: Page; Sequence: 17
BLACKROCK LIMITED DURATION INCOME TRUST MAY 31, 2013 16
Field: /Page
Consolidated Schedule of Investments (continued) BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)
| Floating
Rate Loan Interests (b) | | | |
| --- | --- | --- | --- |
| Professional
Services (concluded) | | | |
| ON
Assignment, Inc, Term Loan B, 3.50%, 4/30/20 | USD | 455 | $ 457,412 |
| Sirva
Worldwide, Inc., Term Loan, 7.50%, 3/27/19 | | 1,070 | 1,061,975 |
| Truven
Health Analytics, Inc., Term Loan B, 4.50%, 6/01/19 | | 1,181 | 1,183,047 |
| | | | 4,713,309 |
| Real
Estate Investment Trusts (REITs) — 0.5% | | | |
| iStar
Financial, Inc., Term Loan, 4.50%, 9/28/17 | | 3,300 | 3,332,075 |
| Real
Estate Management & Development — 0.5% | | | |
| Realogy
Corp.: | | | |
| Extended
Letter of Credit, 0.04%, 10/10/16 | | 102 | 103,351 |
| Extended
Term Loan, 4.50%, 3/05/20 | | 2,970 | 2,996,611 |
| | | | 3,099,962 |
| Road
& Rail — 0.1% | | | |
| Road
Infrastructure Investment LLC, Term Loan B, 6.25%, 3/30/18 | | 629 | 634,217 |
| Semiconductors
& Semiconductor Equipment — 0.4% | | | |
| Freescale
Semiconductor, Inc., Term Loan B4, 5.00%, 3/02/20 | | 1,575 | 1,582,024 |
| NXP
BV, Term Loan C, 4.75%, 1/11/20 | | 978 | 997,101 |
| | | | 2,579,125 |
| Software
— 1.3% | | | |
| CompuCom
Systems, Inc., Term Loan B, 4.25%, 5/08/20 | | 320 | 321,200 |
| Evertec,
Inc., Term Loan B, 3.50%, 4/15/20 | | 465 | 463,721 |
| GCA
Services Group, Inc.: | | | |
| Second
Lien Term Loan, 9.25%, 10/22/20 | | 700 | 710,500 |
| Term
Loan B, 5.25%, 11/01/19 | | 559 | 562,200 |
| Infor
US, Inc., Term Loan B2, 5.25% - 6.25%, 4/05/18 | | 1,357 | 1,369,552 |
| Kronos,
Inc., Second Lien Term Loan, 9.75%, 4/30/20 | | 1,170 | 1,222,650 |
| RP
Crown Parent LLC, First Lien Term Loan, 6.75%, 12/21/18 | | 918 | 930,034 |
| Sophia
LP, Term Loan B, 4.50%, 7/19/18 | | 889 | 895,257 |
| SS&C
Technologies, Inc.: | | | |
| Term
Loan B-1, 5.00%, 6/07/19 | | 1,178 | 1,184,302 |
| Term
Loan B-2, 5.00%, 6/07/19 | | 122 | 122,514 |
| Floating
Rate Loan Interests (b) | | Par (000) | Value |
| Software
(concluded) | | | |
| StoneRiver
Holdings, Inc.: | | | |
| First
Lien Term Loan, 4.75%, 11/20/19 | USD | 825 | $ 825,347 |
| Second
Lien Term Loan, 8.75%, 11/20/20 | | 405 | 405,000 |
| | | | 9,012,277 |
| Specialty
Retail — 1.9% | | | |
| Academy
Ltd., Term Loan, 4.75%, 8/03/18 | | 1,778 | 1,792,801 |
| Bass
Pro Group LLC, Term Loan, 4.00%, 11/20/19 | | 823 | 826,634 |
| Burlington
Coat Factory Warehouse Corp., Term Loan B1, 5.50%, 2/23/17 | | 200 | 200,862 |
| David's
Bridal, Inc., Term Loan B, 5.00%, 10/11/19 | | 953 | 958,166 |
| Equinox
Holdings, Inc, Repriced Term Loan B, 4.25%, 1/31/20 | | 1,140 | 1,147,125 |
| Harbor
Freight Tools USA, Inc., Term Loan B, 6.50%, 11/14/17 | | 526 | 533,037 |
| Michaels
Stores, Inc., Term Loan, 3.75%, 1/28/20 | | 605 | 607,565 |
| Party
City Holdings, Inc., Term Loan B, 4.25%, 7/29/19 | | 1,796 | 1,795,949 |
| PETCO
Animal Supplies, Inc., Term Loan, 4.00%, 11/24/17 | | 904 | 912,397 |
| Reddy
Ice Corp.: | | | |
| First
Lien Term Loan, 6.75%, 3/28/19 | | 1,490 | 1,495,588 |
| Secod
Lien Term Loan, 10.75%, 11/01/19 | | 1,380 | 1,380,000 |
| SRAM
LLC, Term Loan B, 4.00% - 5.25%, 6/07/18 | | 436 | 436,237 |
| Toys
‘R’ Us Delaware, Inc., Term Loan B3, 5.25%, 5/25/18 | | 245 | 242,888 |
| The
Yankee Candle Co., Inc., Term Loan B, 5.25%, 4/02/19 | | 540 | 540,560 |
| | | | 12,869,809 |
| Textiles,
Apparel & Luxury Goods — 0.3% | | | |
| Ascend
Performance Materials LLC, Term Loan B, 6.75%, 4/10/18 | | 1,262 | 1,268,561 |
| Wolverine
Worldwide, Inc., Term Loan B, 4.00%, 7/31/19 | | 708 | 714,447 |
| | | | 1,983,008 |
| Thrifts
& Mortgage Finance — 0.3% | | | |
| Insight
Global, Inc., First Lien Term Loan, 6.00%, 10/31/19 | | 868 | 874,334 |
| Ocwen
Financial Corp., Term Loan, 5.00%, 2/15/18 | | 815 | 824,511 |
| | | | 1,698,845 |
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Consolidated Schedule of Investments (continued) BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)
| Floating
Rate Loan Interests (b) | | | |
| --- | --- | --- | --- |
| Trading
Companies & Distributors — 0.1% | | | |
| WESCO
Distribution, Inc., Term Loan B, 4.50%, 12/12/19 | USD | 768 | $ 772,545 |
| Wireless
Telecommunication Services — 1.7% | | | |
| Cricket
Communications, Inc., Term Loan, 4.75%, 10/10/19 | | 1,157 | 1,162,886 |
| Light
Tower Fiber LLC, First Lien Term Loan, 4.50%, 4/13/20 | | 1,550 | 1,562,601 |
| Vodafone
Americas Finance 2, Inc., PIK Term Loan, 6.88%, 8/11/15 (i) | | 8,583 | 8,690,629 |
| | | | 11,416,116 |
| Total
Floating Rate Loan Interests – 51.5% | | | 343,152,519 |
| Foreign
Agency Obligations — 0.5% - | | | |
| Slovenia
Government Bond, Series RS65, 4.38%, 4/02/14 | EUR | 2,550 | 3,339,451 |
| Non-Agency
Mortgage-Backed Securities | | | |
| Collateralized
Mortgage Obligations — 2.6% | | | |
| Adjustable
Rate Mortgage Trust, Series 2007-1, Class 3A21, 5.51%, 3/25/37 (b) | USD | 684 | 677,711 |
| Countrywide
Alternative Loan Trust, Series 2005-54CB, Class 3A4, 5.50%, 11/25/35 | | 6,273 | 5,516,252 |
| Countrywide
Home Loan Mortgage Pass-Through Trust: | | | |
| Series
2005-17, Class 1A6 5.50%, 9/25/35 | | 1,937 | 1,956,057 |
| Series
2006-17, Class A2 6.00%, 12/25/36 | | 3,779 | 3,513,471 |
| Series
2007-HY5, Class 3A1 5.46%, 9/25/37 (b) | | 2,560 | 2,312,066 |
| GSR
Mortgage Loan Trust, Series 2005-AR5, Class 2A3, 2.89%, 10/25/35 (b) | | 2,174 | 1,944,651 |
| Morgan
Stanley Reremic Trust, Series 2010-R4, Class 4A, 0.48%, 2/26/37 (a)(b) | | 1,258 | 1,244,321 |
| | | | 17,164,529 |
| Commercial
Mortgage-Backed Securities — 8.2% | | | |
| Banc
of America Commercial Mortgage, Inc. (b): | | | |
| Series
2007-3, Class A2 5.86%, 6/10/49 | | 210 | 210,558 |
| Non-Agency
Mortgage-Backed Securities | | Par (000) | Value |
| Commercial
Mortgage-Backed Securities (continued) | | | |
| Banc
of America Commercial Mortgage, Inc. (b) (concluded): | | | |
| Series
2007-4, Class A4 5.93%, 2/10/51 | USD | 2,150 | $ 2,461,554 |
| Citigroup/Deutsche
Bank Commercial Mortgage Trust, Series 2007-CD4, Class A2B, 5.21%, 12/11/49 | | 279 | 281,181 |
| Commercial
Mortgage Pass-Through Certificates: | | | |
| Series
2013-LC6, Class B 3.74%, 1/10/46 | | 1,110 | 1,117,328 |
| Series
2013-LC6, Class D 4.43%, 1/10/46 (a)(b) | | 1,330 | 1,223,008 |
| Credit
Suisse Mortgage Capital Certificates: | | | |
| Series
2006-C5, Class AM 5.34%, 12/15/39 | | 1,850 | 2,029,992 |
| Series
2007-C2, Class A2 5.45%, 1/15/49 (b) | | 81 | 81,535 |
| Series
2007-C4, Class A3 5.95%, 9/15/39 (b) | | 2,815 | 2,917,618 |
| Series
2007-C5, Class AAB 5.62%, 9/15/40 (b) | | 1,753 | 1,850,763 |
| First
Union Commercial Mortgage Securities, Inc., Series 1997-C2, Class G, 7.50%, 11/18/29 (a)(b) | | 1,185 | 1,239,360 |
| Greenwich
Capital Commercial Funding Corp.: | | | |
| Series
2006-GG7, Class AM 6.06%, 7/10/38 (b) | | 1,610 | 1,787,797 |
| Series
2007-GG9, Class A4 5.44%, 3/10/39 | | 2,110 | 2,375,404 |
| GS
Mortgage Securities Corp. II, Series 2006-GG6, Class AM, 5.62%, 4/10/38 (b) | | 3,680 | 4,008,293 |
| GS
Mortgage Securities Trust, Series 2013-GC10, Class B, 3.68%, 2/10/46 (a) | | 1,995 | 1,979,974 |
| JPMorgan
Chase Commercial Mortgage Securities Corp.: | | | |
| Series
2007-CB18, Class A4 5.44%, 6/12/47 | | 2,110 | 2,372,864 |
| Series
2007-CB19, Class A4 5.90%, 2/12/49 (b) | | 2,140 | 2,435,318 |
| JPMorgan
Chase Commercial Mortgage Securities Trust, Series 2004-LN2, Class A2, 5.12%, 7/15/41 | | 2,315 | 2,408,274 |
| LB-UBS
Commercial Mortgage Trust (b): | | | |
| Series
2007-C2, Class AM, 5.49%, 2/15/40 | | 2,500 | 2,642,265 |
| Series
2007-C6, Class A4 5.86%, 7/15/40 | | 4,745 | 5,337,200 |
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BLACKROCK LIMITED DURATION INCOME TRUST MAY 31, 2013 18
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Consolidated Schedule of Investments (continued) BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)
| Non-Agency
Mortgage-Backed Securities | | | |
| --- | --- | --- | --- |
| Commercial
Mortgage-Backed Securities (concluded) | | | |
| Morgan
Stanley Capital I, Series 2007-IQ15, Class A2, 6.05%, 6/11/49 (b) | USD | 1,348 | $ 1,370,950 |
| Talisman
Finance Plc, Series 6, Class A, 0.39%, 10/22/16 (b) | EUR | 2,055 | 2,470,814 |
| Titan
Europe Plc, Series 2007-1X, Class A, 0.75%, 1/20/17 (b) | GBP | 2,548 | 3,310,342 |
| Wachovia
Bank Commercial Mortgage Trust, Series 2007-C33, Class A4, 6.12%, 2/15/51 (b) | USD | 2,030 | 2,294,273 |
| WF-RBS
Commercial Mortgage Trust: | | | |
| Series
2012-C8, Class B 4.31%, 8/15/45 | | 1,085 | 1,148,642 |
| Series
2012-C8, Class C 5.04%, 8/15/45 (b) | | 1,395 | 1,505,817 |
| Series
2013-C11, Class D 4.32%, 3/15/45 (a)(b) | | 1,400 | 1,279,905 |
| Windermere
CMBS Plc, Series XI-X, Class A, 0.76%, 4/24/17 | GBP | 1,807 | 2,683,974 |
| | | | 54,825,003 |
| Interest
Only Commercial Mortgage-Backed Securities — 0.7% | | | |
| Morgan
Stanley Capital I Trust, Series 2012-C4, Class XA, 2.87%, 3/15/45 (a)(b) | USD | 15,406 | 2,149,993 |
| WF-RBS
Commercial Mortgage Trust, Series 2012-C9, Class XA, 2.43%, 11/15/45 (a)(b) | | 16,960 | 2,349,174 |
| | | | 4,499,167 |
| Total
Non-Agency Mortgage-Backed Securities – 11.5% | | | 76,488,699 |
| Other
Interests (m) | | Beneficial Interest (000) | |
| Auto
Components — 0.0% | | | |
| Lear
Corp. Escrow (l) | | 1,000 | 10,000 |
| Construction
Materials — 0.0% | | | |
| USI
Senior Holdings (d) | | 6,454 | — |
| Diversified
Financial Services — 0.1% | | | |
| J.G.
Wentworth LLC Preferred Equity Interests | | 1 | 828,747 |
| Household
Durables — 0.0% | | | |
| Berkline
Benchcraft Equity LLC (d) | | 3 | — |
| Total
Other Interests – 0.1% | | | 838,747 |
| Preferred
Securities | | | | Value |
| --- | --- | --- | --- | --- |
| Capital
Trusts | | | | |
| Commercial
Banks — 0.2% | | | | |
| Wachovia
Capital Trust III, 5.57% (b)(e)(j) | USD | 1,503 | $ | 1,627,031 |
| Insurance
— 0.8% | | | | |
| AXA
SA, 6.46% (a)(b)(e)(j) | | 1,625 | | 1,653,438 |
| Genworth
Holdings, Inc., 6.15%, 11/15/66 (b)(e) | | 1,850 | | 1,739,000 |
| Liberty
Mutual Group, Inc., 7.00%, 3/07/67 (a)(b)(e) | | 1,575 | | 1,645,875 |
| | | | | 5,038,313 |
| Total
Capital Trusts – 1.0% | | | | 6,665,344 |
| Preferred
Stocks | | Shares | | |
| Auto
Components — 0.2% | | | | |
| Dana
Holding Corp., 4.00% (a)(f) | | 9,210 | | 1,467,268 |
| Trust
Preferreds | | | | |
| Diversified
Financial Services — 0.6% | | | | |
| GMAC
Capital Trust I, Series 2, 8.13%, 2/15/40 (b) | | 147,900 | | 3,922,077 |
| Total
Preferred Securities – 1.8% | | | | 12,054,689 |
| | | Par (000) | | |
| Municipal
Bonds — 0.2% | | | | |
| State
of California, GO, Various Purpose 3, Mandatory Put Bonds, 5.10%, 8/01/14 | | USD | 1,350 | 1,380,807 |
Field: Page; Sequence: 20
BLACKROCK LIMITED DURATION INCOME TRUST MAY 31, 2013 19
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Consolidated Schedule of Investments (continued) BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)
| US | |||
| Government Sponsored Agency Securities | |||
| Collateralized | |||
| Mortgage Obligations — 0.5% | |||
| Freddie | |||
| Mac Mortgage-Backed Securities, Series 3986, Class M, 4.50%, 9/15/41 (e) | USD | 2,893 | $ 3,204,097 |
| Interest | |||
| Only Collateralized Mortgage Obligations — 1.5% | |||
| Fannie | |||
| Mae Mortgage-Backed Securities: | |||
| Series | |||
| 2010-126, Class UI, 5.50%, 10/25/40 | 10,028 | 1,399,181 | |
| Series | |||
| 2012-M9, Class X1, 4.25%, 12/25/17 (b) | 21,037 | 3,195,879 | |
| Freddie | |||
| Mac Mortgage-Backed Securities (b): | |||
| Series | |||
| K021, Class X1, 1.65%, 6/25/22 | 11,111 | 1,196,511 | |
| Series | |||
| K707, Class X1, 1.69%, 12/25/18 | 43,173 | 3,234,729 | |
| Series | |||
| K710, Class X1, 1.91%, 5/25/19 | 13,397 | 1,218,096 | |
| 10,244,396 | |||
| Mortgage-Backed | |||
| Securities — 5.1% | |||
| Fannie | |||
| Mae Mortgage-Backed Securities (e): | |||
| 5.00%, | |||
| 7/01/20 - 8/01/23 | 9,084 | 9,725,817 | |
| 3.50%, | |||
| 8/01/26 | 9,985 | 10,658,954 | |
| Freddie | |||
| Mac Mortgage-Backed Securities, 4.50%, 4/01/25 (e) | 12,374 | 13,287,450 | |
| 33,672,221 | |||
| Total | |||
| US Government Sponsored Agency Securities – 7.1% | 47,120,714 | ||
| Shares | |||
| Warrants | |||
| (n) | |||
| Software | |||
| — 0.0% | |||
| Bankruptcy | |||
| Management Solutions, Inc. (Expires 9/28/17) | 435 | — | |
| Shares | Value | ||
| Warrants | |||
| (n) | |||
| Software | |||
| (concluded) | |||
| HMH | |||
| Holdings/EduMedia (Issued/Exercisable 3/09/10, 19 Shares for 1 Warrant, Expires 6/22/19, Strike Price $42.27) | 3,100 | — | |
| ________ | |||
| — | |||
| Total | |||
| Warrants – 0.0% | — | ||
| Total | |||
| Long-Term Investments (Cost – $987,312,358) – 150.7% | $ 1,003,001,032 | ||
| Short-Term | |||
| Securities | |||
| BlackRock | |||
| Liquidity Funds, TempFund, Institutional Class, 0.06% (o)(p) | 6,889,336 | 6,889,336 | |
| Total | |||
| Short-Term Securities (Cost – $6,889,336) – 1.0% | 6,889,336 | ||
| Options Purchased | Contracts | ||
| (Cost | |||
| – $44,978) – 0.0% | — | ||
| Total | |||
| Investments (Cost — $994,246,672*) – 151.7% | 1,009,890,368 | ||
| Liabilities | |||
| in Excess of Other Assets – (51.7)% | (343,972,776) | ||
| ________ | |||
| Net | |||
| Assets – 100.0% | $ 665,917,592 | ||
| * | As of May 31, 2013, gross | ||
| unrealized appreciation and gross unrealized depreciation based on cost for federal income tax purposes were as follows: | |||
| Tax cost | $ 993,007,519 | ||
| Gross unrealized appreciation | $ 35,792,038 | ||
| Gross unrealized depreciation | (18,909,189) | ||
| ________ | |||
| Net unrealized appreciation | $ 16,882,849 |
| Notes
to Schedule of Investments | |
| --- | --- |
| (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 as of report date. |
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BLACKROCK LIMITED DURATION INCOME TRUST MAY 31, 2013 20
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Consolidated Schedule of Investments (continued) BlackRock Limited Duration Income Trust (BLW)
| (c) — Counterparty | When-issued security. Unsettled when-issued transactions were as follows: | Value | Unrealized Appreciation (Depreciation) | |
|---|---|---|---|---|
| Bank | ||||
| of America Corp. | $ 486,900 | — | ||
| Cantor | ||||
| Fitzgerald, L.P. | $ 2,440,735 | $ (15,565) | ||
| Citigroup, | ||||
| Inc. | $ 491,445 | $ 45,361 | ||
| Credit | ||||
| Suisse Group AG | $ 2,695,000 | $ (55,000) | ||
| Goldman | ||||
| Sachs Group, Inc. | $ 592,020 | $ (5,980) | ||
| Jefferies | ||||
| & Co. | $ 234,600 | $ (5,400) | ||
| (d) | Non-income producing security. | |||
| (e) | All or a portion of security has been pledged as collateral in connection with open reverse repurchase agreements. | |||
| (f) | Convertible security. | |||
| (g) | Represents a zero-coupon bond. Rate shown reflects the current yield as of report date. | |||
| (h) | All or a portion of security has been pledged in connection with open financial futures contracts. | |||
| (i) | Represents a payment-in-kind security which may pay interest/dividends in additional par/shares. | |||
| (j) | Security is perpetual in nature and has no stated maturity date. | |||
| (k) | Represents a step-up bond that pays an initial coupon rate for the first period and then a higher coupon rate for the following periods. Rate shown is as of report date. | |||
| (l) | Issuer filed for bankruptcy and/or is in default of principal and/or interest payments. | |||
| (m) | Other interests represent beneficial interests in liquidation trusts and other reorganization or private entities. | |||
| (n) | Warrants entitle the Trust to purchase a predetermined number of shares of common stock and are non-income producing. The purchase price and number of shares are subject to adjustment under certain conditions until the expiration date of the warrants, if any. | |||
| (o) | Investments in issuers considered to be an affiliate of the Trust during the period ended May 31, 2013, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows: | |||
| Affiliate | Shares Held at August 31, 2012 | Net Activity | Shares Held at May 31, 2013 | Income |
| BlackRock Liquidity Funds, TempFund, Institutional Class | 2,323,267 | 4,566,069 | 6,889,336 | $ 5,804 |
| (p) | Represents the current yield as of report date. | |||
| Portfolio | ||||
| Abbreviations | ||||
| To | ||||
| simplify the listings of portfolio holdings in the Schedule of Investments, the names and descriptions of many of the securities | ||||
| have been abbreviated according to the following list: | ||||
| CAD | Canadian Dollar | |||
| DIP | Debtor-In-Possession | |||
| EUR | Euro | |||
| FKA | Formerly Known As | |||
| GBP | British Pound | |||
| GO | General Obligation Bonds | |||
| USD | US Dollar |
Field: Page; Sequence: 22
BLACKROCK LIMITED DURATION INCOME TRUST MAY 31, 2013 21
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Consolidated Schedule of Investments (continued) BlackRock Limited Duration Income Trust (BLW)
| • — Counterparty | Interest Rate | Trade Date | Maturity Date 1 | Face
Value | Face
Value Including Accrued Interest |
| --- | --- | --- | --- | --- | --- |
| Credit
Suisse Securities (USA) LLC | 0.65% | 8/29/12 | Open | $ 315,000 | $ 316,570 |
| Barclays
Capital, Inc. | 0.60% | 9/10/12 | Open | 419,012 | 420,849 |
| Barclays
Capital, Inc. | 0.60% | 9/12/12 | Open | 435,395 | 437,296 |
| Credit
Suisse Securities (USA) LLC | 0.65% | 9/13/12 | Open | 776,950 | 780,611 |
| Barclays
Capital, Inc. | 0.60% | 9/19/12 | Open | 2,151,988 | 2,161,134 |
| Barclays
Capital, Inc. | 0.60% | 9/19/12 | Open | 1,730,250 | 1,737,604 |
| Barclays
Capital, Inc. | 0.60% | 9/19/12 | Open | 921,552 | 925,438 |
| Credit
Suisse Securities (USA) LLC | 0.65% | 9/19/12 | Open | 821,406 | 825,158 |
| UBS
Securities LLC | 0.65% | 9/26/12 | Open | 698,827 | 701,956 |
| UBS
Securities LLC | 0.34% | 9/28/12 | Open | 3,074,638 | 3,081,781 |
| UBS
Securities LLC | 0.65% | 10/04/12 | Open | 1,637,685 | 1,644,752 |
| Barclays
Capital, Inc. | 0.65% | 10/10/12 | Open | 1,128,000 | 1,132,745 |
| UBS
Securities LLC | 0.65% | 10/15/12 | Open | 513,300 | 515,413 |
| Credit
Suisse Securities (USA) LLC | 0.65% | 10/26/12 | Open | 1,147,006 | 1,151,521 |
| UBS
Securities LLC | (0.50%) | 10/26/12 | Open | 885,587 | 882,906 |
| UBS
Securities LLC | 0.65% | 10/26/12 | Open | 880,412 | 883,877 |
| UBS
Securities LLC | 0.65% | 10/26/12 | Open | 1,653,388 | 1,659,896 |
| Credit
Suisse Securities (USA) LLC | 0.70% | 10/30/12 | Open | 1,168,738 | 1,173,579 |
| Credit
Suisse Securities (USA) LLC | 0.65% | 11/01/12 | Open | 4,156,238 | 4,172,147 |
| Barclays
Capital, Inc. | 0.50% | 11/06/12 | Open | 244,531 | 245,234 |
| Barclays
Capital, Inc. | 0.60% | 11/16/12 | Open | 688,185 | 690,445 |
| Credit
Suisse Securities (USA) LLC | 0.65% | 11/19/12 | Open | 242,332 | 243,181 |
| Credit
Suisse Securities (USA) LLC | 0.65% | 11/19/12 | Open | 1,255,894 | 1,260,293 |
| Credit
Suisse Securities (USA) LLC | 0.65% | 11/19/12 | Open | 1,215,000 | 1,219,256 |
| Credit
Suisse Securities (USA) LLC | 0.65% | 11/19/12 | Open | 204,500 | 205,213 |
| UBS
Securities LLC | 0.65% | 12/06/12 | Open | 585,612 | 587,484 |
| Barclays
Capital, Inc. | 0.65% | 1/15/13 | Open | 594,529 | 596,000 |
| Deutsche
Bank Securities, Inc. | (1.00%) | 1/15/13 | Open | 581,000 | 578,805 |
| Deutsche
Bank Securities, Inc. | (0.63%) | 1/15/13 | Open | 1,645,000 | 1,641,116 |
| Deutsche
Bank Securities, Inc. | (0.50%) | 1/15/13 | Open | 851,000 | 849,393 |
| Deutsche
Bank Securities, Inc. | 0.50% | 1/15/13 | Open | 1,416,000 | 1,418,675 |
| Deutsche
Bank Securities, Inc. | 0.55% | 1/15/13 | Open | 632,000 | 633,313 |
| Deutsche
Bank Securities, Inc. | 0.55% | 1/15/13 | Open | 2,496,000 | 2,501,186 |
| Deutsche
Bank Securities, Inc. | 0.55% | 1/15/13 | Open | 1,544,000 | 1,547,208 |
| Deutsche
Bank Securities, Inc. | 0.55% | 1/15/13 | Open | 976,000 | 978,028 |
Field: Page; Sequence: 23
BLACKROCK LIMITED DURATION INCOME TRUST MAY 31, 2013 22
Field: /Page
Consolidated Schedule of Investments (continued) BlackRock Limited Duration Income Trust (BLW)
| • — Counterparty | Interest Rate | Trade Date | Maturity Date 1 | Face Value | Face Value Including Accrued Interest |
|---|---|---|---|---|---|
| Deutsche | |||||
| Bank Securities, Inc. | 0.55% | 1/15/13 | Open | $ 289,000 | $ 289,600 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.57% | 1/15/13 | Open | 303,000 | 303,652 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.57% | 1/15/13 | Open | 1,258,000 | 1,260,709 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.57% | 1/15/13 | Open | 679,000 | 680,462 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.57% | 1/15/13 | Open | 4,654,000 | 4,664,022 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.58% | 1/15/13 | Open | 167,000 | 167,366 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.58% | 1/15/13 | Open | 587,000 | 588,286 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.58% | 1/15/13 | Open | 1,030,000 | 1,032,257 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.58% | 1/15/13 | Open | 1,264,000 | 1,266,770 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.58% | 1/15/13 | Open | 1,994,000 | 1,998,369 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.60% | 1/15/13 | Open | 1,895,000 | 1,899,295 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.60% | 1/15/13 | Open | 865,000 | 866,961 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.60% | 1/15/13 | Open | 825,000 | 826,870 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.65% | 1/15/13 | Open | 790,000 | 791,940 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.65% | 1/15/13 | Open | 445,000 | 446,093 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.70% | 1/15/13 | Open | 788,000 | 790,084 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.57% | 1/17/13 | Open | 354,614 | 355,372 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.65% | 1/17/13 | Open | 900,900 | 903,096 |
| Deutsche | |||||
| Bank Securities, Inc. | (0.10%) | 1/18/13 | Open | 1,123,744 | 1,123,326 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.58% | 1/30/13 | Open | 476,935 | 477,872 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.58% | 1/30/13 | Open | 915,000 | 916,798 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.58% | 1/30/13 | Open | 837,630 | 839,276 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.65% | 1/30/13 | Open | 1,122,900 | 1,125,373 |
| UBS | |||||
| Securities LLC | 0.50% | 1/30/13 | Open | 971,100 | 972,745 |
| UBS | |||||
| Securities LLC | 0.50% | 1/30/13 | Open | 1,862,820 | 1,865,976 |
| UBS | |||||
| Securities LLC | 0.60% | 1/30/13 | Open | 1,981,206 | 1,985,234 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.58% | 1/31/13 | Open | 1,368,750 | 1,371,396 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.58% | 1/31/13 | Open | 947,520 | 949,352 |
| UBS | |||||
| Securities LLC | 0.65% | 1/31/13 | Open | 547,200 | 548,395 |
Field: Page; Sequence: 24
BLACKROCK LIMITED DURATION INCOME TRUST MAY 31, 2013 23
Field: /Page
Consolidated Schedule of Investments (continued) BlackRock Limited Duration Income Trust (BLW)
| • — Counterparty | Interest Rate | Trade Date | Maturity Date 1 | Face Value | Face Value Including Accrued Interest |
|---|---|---|---|---|---|
| Barclays | |||||
| Capital, Inc. | 0.35% | 2/07/13 | Open | $ 1,178,534 | $ 1,179,829 |
| Barclays | |||||
| Capital, Inc. | 0.35% | 2/07/13 | Open | 3,115,905 | 3,119,328 |
| Barclays | |||||
| Capital, Inc. | 0.55% | 2/07/13 | Open | 1,938,969 | 1,942,316 |
| Barclays | |||||
| Capital, Inc. | 0.60% | 2/07/13 | Open | 335,729 | 336,361 |
| Barclays | |||||
| Capital, Inc. | 0.60% | 2/07/13 | Open | 1,533,783 | 1,536,672 |
| Barclays | |||||
| Capital, Inc. | 0.60% | 2/07/13 | Open | 229,755 | 230,188 |
| Barclays | |||||
| Capital, Inc. | 0.60% | 2/07/13 | Open | 592,144 | 593,259 |
| Barclays | |||||
| Capital, Inc. | 0.60% | 2/07/13 | Open | 918,045 | 919,774 |
| Barclays | |||||
| Capital, Inc. | 0.60% | 2/07/13 | Open | 292,304 | 292,855 |
| Barclays | |||||
| Capital, Inc. | 0.60% | 2/07/13 | Open | 1,000,721 | 1,002,606 |
| Barclays | |||||
| Capital, Inc. | 0.60% | 2/07/13 | Open | 633,994 | 635,188 |
| Barclays | |||||
| Capital, Inc. | 0.60% | 2/07/13 | Open | 2,862,000 | 2,867,390 |
| Barclays | |||||
| Capital, Inc. | 0.60% | 2/07/13 | Open | 1,673,438 | 1,676,590 |
| Barclays | |||||
| Capital, Inc. | 0.60% | 2/07/13 | Open | 1,877,899 | 1,881,436 |
| Barclays | |||||
| Capital, Inc. | 0.60% | 2/07/13 | Open | 308,142 | 308,722 |
| Barclays | |||||
| Capital, Inc. | 0.60% | 2/07/13 | Open | 507,052 | 508,007 |
| Barclays | |||||
| Capital, Inc. | 0.60% | 2/07/13 | Open | 662,469 | 663,717 |
| Credit | |||||
| Suisse Securities (USA) LLC | 0.60% | 2/07/13 | Open | 407,469 | 408,236 |
| Credit | |||||
| Suisse Securities (USA) LLC | 0.65% | 2/07/13 | Open | 295,350 | 295,953 |
| Credit | |||||
| Suisse Securities (USA) LLC | 0.65% | 2/07/13 | Open | 964,338 | 966,306 |
| Credit | |||||
| Suisse Securities (USA) LLC | 0.65% | 2/07/13 | Open | 1,222,940 | 1,225,435 |
| Credit | |||||
| Suisse Securities (USA) LLC | 0.65% | 2/07/13 | Open | 1,140,300 | 1,142,627 |
| UBS | |||||
| Securities LLC | 0.25% | 2/07/13 | Open | 1,048,688 | 1,049,511 |
| UBS | |||||
| Securities LLC | 0.34% | 2/07/13 | Open | 3,334,275 | 3,337,833 |
| UBS | |||||
| Securities LLC | 0.45% | 2/07/13 | Open | 866,250 | 867,474 |
| UBS | |||||
| Securities LLC | 0.55% | 2/07/13 | Open | 1,703,350 | 1,706,291 |
| UBS | |||||
| Securities LLC | 0.55% | 2/07/13 | Open | 2,196,563 | 2,200,355 |
| UBS | |||||
| Securities LLC | 0.65% | 2/07/13 | Open | 505,925 | 506,957 |
| UBS | |||||
| Securities LLC | 0.65% | 2/07/13 | Open | 162,750 | 163,082 |
| UBS | |||||
| Securities LLC | 0.65% | 2/07/13 | Open | 356,250 | 356,977 |
| UBS | |||||
| Securities LLC | 0.65% | 2/07/13 | Open | 843,275 | 844,996 |
| Barclays | |||||
| Capital, Inc. | 0.58% | 2/08/13 | Open | 483,060 | 483,939 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.58% | 2/08/13 | Open | 1,170,163 | 1,172,237 |
| Barclays | |||||
| Capital, Inc. | 0.60% | 2/15/13 | Open | 291,043 | 291,557 |
| UBS | |||||
| Securities LLC | 0.65% | 2/19/13 | Open | 166,058 | 166,364 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.55% | 2/20/13 | Open | 484,000 | 484,747 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.55% | 2/20/13 | Open | 879,690 | 881,047 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.55% | 2/20/13 | Open | 759,577 | 760,749 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.55% | 2/20/13 | Open | 217,132 | 217,467 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.58% | 2/20/13 | Open | 2,512,000 | 2,516,047 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.55% | 2/22/13 | Open | 457,087 | 457,778 |
Field: Page; Sequence: 25
BLACKROCK LIMITED DURATION INCOME TRUST MAY 31, 2013 24
Field: /Page
Consolidated Schedule of Investments (continued) BlackRock Limited Duration Income Trust (BLW)
| • — Counterparty | Interest Rate | Trade Date | Maturity Date 1 | Face Value | Face Value Including Accrued Interest |
|---|---|---|---|---|---|
| Deutsche | |||||
| Bank Securities, Inc. | 0.55% | 2/22/13 | Open | $ 242,436 | $ 242,803 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.55% | 2/22/13 | Open | 509,587 | 510,358 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.55% | 2/22/13 | Open | 509,760 | 510,531 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.55% | 2/22/13 | Open | 848,076 | 849,359 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.55% | 2/22/13 | Open | 659,700 | 660,698 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.55% | 2/22/13 | Open | 884,744 | 886,082 |
| UBS | |||||
| Securities LLC | 0.55% | 2/25/13 | Open | 978,510 | 979,930 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.55% | 2/28/13 | Open | 1,280,181 | 1,282,000 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.55% | 2/28/13 | Open | 107,112 | 107,264 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.55% | 2/28/13 | Open | 1,901,900 | 1,904,602 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.55% | 3/05/13 | Open | 221,430 | 221,724 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.65% | 3/06/13 | Open | 946,313 | 947,782 |
| UBS | |||||
| Securities LLC | 0.65% | 3/06/13 | Open | 181,050 | 181,328 |
| Credit | |||||
| Suisse Securities (USA) LLC | 0.40% | 3/07/13 | Open | 1,503,125 | 1,504,545 |
| UBS | |||||
| Securities LLC | 0.60% | 3/12/13 | Open | 3,040,295 | 3,044,399 |
| UBS | |||||
| Securities LLC | (0.50%) | 3/13/13 | Open | 324,016 | 323,656 |
| UBS | |||||
| Securities LLC | 0.35% | 3/13/13 | Open | 1,560,000 | 1,561,213 |
| UBS | |||||
| Securities LLC | 0.55% | 3/13/13 | Open | 395,650 | 396,134 |
| UBS | |||||
| Securities LLC | 0.55% | 3/13/13 | Open | 1,222,200 | 1,223,694 |
| UBS | |||||
| Securities LLC | 0.65% | 3/13/13 | Open | 978,305 | 979,700 |
| Credit | |||||
| Suisse Securities (USA) LLC | 0.60% | 3/14/13 | Open | 347,366 | 347,818 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.55% | 3/14/13 | Open | 760,000 | 760,906 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.70% | 3/14/13 | Open | 1,523,693 | 1,526,004 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.55% | 3/15/13 | Open | 1,018,750 | 1,019,917 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.55% | 3/19/13 | Open | 972,625 | 973,725 |
| UBS | |||||
| Securities LLC | 0.70% | 3/19/13 | Open | 1,008,280 | 1,009,731 |
| Credit | |||||
| Suisse Securities (USA) LLC | 0.65% | 3/20/13 | Open | 585,562 | 586,334 |
| Credit | |||||
| Suisse Securities (USA) LLC | 0.65% | 3/20/13 | Open | 439,162 | 439,741 |
| Credit | |||||
| Suisse Securities (USA) LLC | 0.65% | 3/20/13 | Open | 134,640 | 134,817 |
| Credit | |||||
| Suisse Securities (USA) LLC | 0.35% | 3/22/13 | Open | 1,496,075 | 1,497,108 |
| Credit | |||||
| Suisse Securities (USA) LLC | 0.25% | 3/25/13 | Open | 975,615 | 976,076 |
Field: Page; Sequence: 26
BLACKROCK LIMITED DURATION INCOME TRUST MAY 31, 2013 25
Field: /Page
Consolidated Schedule of Investments (continued) BlackRock Limited Duration Income Trust (BLW)
| • — Counterparty | Interest Rate | Trade Date | Maturity Date 1 | Face Value | Face Value Including Accrued Interest |
|---|---|---|---|---|---|
| Credit | |||||
| Suisse Securities (USA) LLC | 0.65% | 3/25/13 | Open | $ 1,131,350 | $ 1,132,739 |
| Credit | |||||
| Suisse Securities (USA) LLC | 0.75% | 3/25/13 | Open | 464,337 | 464,995 |
| Credit | |||||
| Suisse Securities (USA) LLC | 0.75% | 3/25/13 | Open | 613,725 | 614,594 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.40% | 3/27/13 | Open | 3,022,500 | 3,024,716 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.55% | 3/27/13 | Open | 679,687 | 680,372 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.55% | 3/27/13 | Open | 1,464,750 | 1,466,227 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.55% | 3/27/13 | Open | 1,452,700 | 1,454,165 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.60% | 3/27/13 | Open | 811,000 | 811,879 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.60% | 3/27/13 | Open | 579,000 | 579,627 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.60% | 3/27/13 | Open | 919,000 | 919,996 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.60% | 3/27/13 | Open | 608,000 | 608,659 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.60% | 3/27/13 | Open | 661,000 | 661,716 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.60% | 3/27/13 | Open | 527,000 | 527,571 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.60% | 3/27/13 | Open | 701,000 | 701,759 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.60% | 3/27/13 | Open | 602,000 | 602,652 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.60% | 3/27/13 | Open | 1,634,000 | 1,635,770 |
| Credit | |||||
| Suisse Securities (USA) LLC | 0.65% | 4/01/13 | Open | 462,156 | 462,657 |
| Barclays | |||||
| Capital, Inc. | 0.35% | 4/02/13 | Open | 3,649,829 | 3,651,923 |
| Barclays | |||||
| Capital, Inc. | 0.40% | 4/02/13 | Open | 3,326,900 | 3,329,081 |
| Barclays | |||||
| Capital, Inc. | 0.40% | 4/02/13 | Open | 2,832,188 | 2,834,045 |
| Barclays | |||||
| Capital, Inc. | 0.40% | 4/02/13 | Open | 5,871,000 | 5,874,849 |
| Barclays | |||||
| Capital, Inc. | 0.40% | 4/02/13 | Open | 2,011,150 | 2,012,468 |
| Barclays | |||||
| Capital, Inc. | 0.60% | 4/02/13 | Open | 3,229,256 | 3,232,431 |
| Barclays | |||||
| Capital, Inc. | 0.60% | 4/02/13 | Open | 689,881 | 690,559 |
| Barclays | |||||
| Capital, Inc. | 0.60% | 4/02/13 | Open | 1,068,461 | 1,069,512 |
| Barclays | |||||
| Capital, Inc. | 0.60% | 4/02/13 | Open | 865,247 | 866,098 |
| Barclays | |||||
| Capital, Inc. | 0.60% | 4/02/13 | Open | 331,500 | 331,826 |
| Barclays | |||||
| Capital, Inc. | 0.60% | 4/02/13 | Open | 466,012 | 466,470 |
| Barclays | |||||
| Capital, Inc. | 0.65% | 4/02/13 | Open | 1,218,114 | 1,219,412 |
| Barclays | |||||
| Capital, Inc. | 0.65% | 4/02/13 | Open | 1,044,544 | 1,045,657 |
| Credit | |||||
| Suisse Securities (USA) LLC | 0.25% | 4/02/13 | Open | 579,209 | 579,446 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.55% | 4/02/13 | Open | 1,574,813 | 1,576,257 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.55% | 4/02/13 | Open | 1,250,330 | 1,251,476 |
| UBS | |||||
| Securities LLC | 0.60% | 4/02/13 | Open | 1,001,163 | 1,002,147 |
Field: Page; Sequence: 27
BLACKROCK LIMITED DURATION INCOME TRUST MAY 31, 2013 26
Field: /Page
Consolidated Schedule of Investments (continued) BlackRock Limited Duration Income Trust (BLW)
| • — Counterparty | Interest Rate | Trade Date | Maturity Date 1 | Face Value | Face Value Including Accrued Interest |
|---|---|---|---|---|---|
| Credit | |||||
| Suisse Securities (USA) LLC | 0.00% | 4/03/13 | Open | $ 556,500 | $ 556,500 |
| Credit | |||||
| Suisse Securities (USA) LLC | 0.35% | 4/03/13 | Open | 182,025 | 182,128 |
| Credit | |||||
| Suisse Securities (USA) LLC | 0.35% | 4/03/13 | Open | 243,800 | 243,937 |
| Credit | |||||
| Suisse Securities (USA) LLC | 0.35% | 4/03/13 | Open | 5,701,069 | 5,704,284 |
| Credit | |||||
| Suisse Securities (USA) LLC | 0.35% | 4/03/13 | Open | 469,700 | 469,965 |
| Credit | |||||
| Suisse Securities (USA) LLC | 0.35% | 4/03/13 | Open | 333,700 | 333,888 |
| Credit | |||||
| Suisse Securities (USA) LLC | 0.35% | 4/03/13 | Open | 677,875 | 678,257 |
| Credit | |||||
| Suisse Securities (USA) LLC | 0.35% | 4/03/13 | Open | 1,034,800 | 1,035,384 |
| Credit | |||||
| Suisse Securities (USA) LLC | 0.35% | 4/03/13 | Open | 1,011,250 | 1,011,820 |
| Credit | |||||
| Suisse Securities (USA) LLC | 0.35% | 4/03/13 | Open | 800,000 | 800,451 |
| Credit | |||||
| Suisse Securities (USA) LLC | 0.35% | 4/03/13 | Open | 1,233,600 | 1,234,296 |
| Credit | |||||
| Suisse Securities (USA) LLC | 0.35% | 4/03/13 | Open | 1,277,250 | 1,277,970 |
| Credit | |||||
| Suisse Securities (USA) LLC | 0.35% | 4/03/13 | Open | 2,107,875 | 2,109,064 |
| Credit | |||||
| Suisse Securities (USA) LLC | 0.35% | 4/03/13 | Open | 2,861,250 | 2,862,863 |
| Credit | |||||
| Suisse Securities (USA) LLC | 0.35% | 4/03/13 | Open | 3,119,100 | 3,120,859 |
| Credit | |||||
| Suisse Securities (USA) LLC | 0.35% | 4/03/13 | Open | 2,958,750 | 2,960,418 |
| Credit | |||||
| Suisse Securities (USA) LLC | 0.35% | 4/03/13 | Open | 2,560,000 | 2,561,444 |
| Credit | |||||
| Suisse Securities (USA) LLC | 0.35% | 4/03/13 | Open | 3,213,750 | 3,215,562 |
| Credit | |||||
| Suisse Securities (USA) LLC | 0.35% | 4/03/13 | Open | 3,091,969 | 3,093,713 |
| Credit | |||||
| Suisse Securities (USA) LLC | 0.35% | 4/03/13 | Open | 3,695,000 | 3,697,084 |
| Credit | |||||
| Suisse Securities (USA) LLC | 0.60% | 4/03/13 | Open | 426,020 | 426,432 |
| Credit | |||||
| Suisse Securities (USA) LLC | 0.65% | 4/03/13 | Open | 341,325 | 341,682 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.55% | 4/03/13 | Open | 424,060 | 424,442 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.58% | 4/03/13 | Open | 1,482,188 | 1,483,597 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.58% | 4/03/13 | Open | 928,775 | 929,658 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.58% | 4/03/13 | Open | 1,624,500 | 1,626,018 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.58% | 4/03/13 | Open | 1,163,363 | 1,164,450 |
Field: Page; Sequence: 28
BLACKROCK LIMITED DURATION INCOME TRUST MAY 31, 2013 27
Field: /Page
Consolidated Schedule of Investments (continued) BlackRock Limited Duration Income Trust (BLW)
| • — Counterparty | Interest Rate | Trade Date | Maturity Date 1 | Face Value | Face Value Including Accrued Interest |
|---|---|---|---|---|---|
| Deutsche | |||||
| Bank Securities, Inc. | 0.58% | 4/03/13 | Open | $ 3,577,213 | $ 3,580,556 |
| UBS | |||||
| Securities LLC | 0.54% | 4/04/13 | Open | 381,842 | 382,168 |
| Credit | |||||
| Suisse Securities (USA) LLC | 0.40% | 4/05/13 | Open | 6,053,025 | 6,056,859 |
| UBS | |||||
| Securities LLC | 0.55% | 4/08/13 | Open | 2,327,500 | 2,329,349 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.55% | 4/10/13 | Open | 846,000 | 846,672 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.55% | 4/10/13 | Open | 536,000 | 536,426 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.55% | 4/10/13 | Open | 468,000 | 468,372 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.55% | 4/10/13 | Open | 489,000 | 489,388 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.55% | 4/10/13 | Open | 527,000 | 527,419 |
| Credit | |||||
| Suisse Securities (USA) LLC | 0.65% | 4/11/13 | Open | 198,875 | 199,058 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.55% | 4/12/13 | Open | 1,672,000 | 1,673,277 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.55% | 4/12/13 | Open | 1,343,000 | 1,344,026 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.55% | 4/12/13 | Open | 2,054,000 | 2,055,569 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.55% | 4/12/13 | Open | 1,559,000 | 1,560,191 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.55% | 4/15/13 | Open | 2,705,153 | 2,707,095 |
| Deutsche | |||||
| Bank Securities, Inc. | (2.00%) | 4/17/13 | Open | 462,187 | 461,057 |
| Deutsche | |||||
| Bank Securities, Inc. | (0.25%) | 4/17/13 | Open | 690,206 | 690,014 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.55% | 4/22/13 | Open | 2,743,125 | 2,744,801 |
| Credit | |||||
| Suisse Securities (USA) LLC | 0.35% | 4/25/13 | Open | 336,682 | 336,803 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.55% | 4/25/13 | Open | 248,901 | 249,042 |
| UBS | |||||
| Securities LLC | 0.65% | 5/03/13 | Open | 393,525 | 393,731 |
| UBS | |||||
| Securities LLC | 0.65% | 5/03/13 | Open | 393,525 | 393,731 |
| Barclays | |||||
| Capital, Inc. | 0.60% | 5/07/13 | Open | 225,152 | 225,246 |
| Credit | |||||
| Suisse Securities (USA) LLC | 0.23% | 5/10/13 | 6/13/13 | 32,928,000 | 32,931,997 |
| Barclays | |||||
| Capital, Inc. | 0.40% | 5/10/13 | Open | 1,127,019 | 1,127,294 |
| Barclays | |||||
| Capital, Inc. | 0.40% | 5/10/13 | Open | 2,061,011 | 2,061,515 |
| Barclays | |||||
| Capital, Inc. | 0.40% | 5/10/13 | Open | 1,734,094 | 1,734,518 |
| Barclays | |||||
| Capital, Inc. | 0.60% | 5/10/13 | Open | 369,187 | 369,322 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.55% | 5/14/13 | Open | 1,365,000 | 1,365,375 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.55% | 5/14/13 | Open | 265,000 | 265,073 |
| Deutsche | |||||
| Bank Securities, Inc. | 0.55% | 5/14/13 | Open | 789,000 | 789,217 |
Field: Page; Sequence: 29
BLACKROCK LIMITED DURATION INCOME TRUST MAY 31, 2013 28
Field: /Page
Consolidated Schedule of Investments (continued) BlackRock Limited Duration Income Trust (BLW)
| • | Counterparty | Interest Rate | Trade Date | Maturity Date 1 | Face Value | Face Value Including Accrued Interest | |
|---|---|---|---|---|---|---|---|
| Credit | |||||||
| Suisse Securities (USA) LLC | 0.75% | 5/23/13 | Open | $ 238,810 | $ 238,855 | ||
| Deutsche | |||||||
| Bank Securities, Inc. | 0.55% | 5/24/13 | Open | 195,957 | 195,981 | ||
| Deutsche | |||||||
| Bank Securities, Inc. | 0.55% | 5/28/13 | Open | 1,037,513 | 1,037,576 | ||
| Deutsche | |||||||
| Bank Securities, Inc. | 0.55% | 5/28/13 | Open | 1,141,274 | 1,141,344 | ||
| Credit | |||||||
| Suisse Securities (USA) LLC | 0.40% | 5/30/13 | Open | 2,333,625 | 2,333,677 | ||
| Credit | |||||||
| Suisse Securities (USA) LLC | 0.40% | 5/30/13 | Open | 720,960 | 720,976 | ||
| Deutsche | |||||||
| Bank Securities, Inc. | 0.55% | 5/30/13 | Open | 2,137,000 | 2,137,065 | ||
| Deutsche | |||||||
| Bank Securities, Inc. | 0.55% | 5/30/13 | Open | 991,000 | 991,030 | ||
| Deutsche | |||||||
| Bank Securities, Inc. | 0.55% | 5/30/13 | Open | 1,511,000 | 1,511,046 | ||
| Deutsche | |||||||
| Bank Securities, Inc. | 0.55% | 5/30/13 | Open | 851,000 | 851,026 | ||
| Deutsche | |||||||
| Bank Securities, Inc. | 0.55% | 5/31/13 | Open | 586,181 | 586,190 | ||
| Total | $ 314,090,686 | $ 314,465,036 | |||||
| 1 Certain agreements have no stated maturity and can be terminated by either party at any time. | |||||||
| • | Financial futures contracts as of May 31, 2013 were as follows: | ||||||
| Contracts Purchased/ (Sold) | Issue | Exchange | Expiration | Notional Value | Unrealized Appreciation | ||
| 6 | 90-Day | ||||||
| Euro-Dollar | Chicago | ||||||
| Mercantile | June | ||||||
| 2013 | USD | 1,495,800 | $ 27,884 | ||||
| 6 | 90-Day | ||||||
| Euro-Dollar | Chicago | ||||||
| Mercantile | September | ||||||
| 2013 | USD | 1,495,275 | 31,034 | ||||
| 6 | 90-Day | ||||||
| Euro-Dollar | Chicago | ||||||
| Mercantile | December | ||||||
| 2013 | USD | 1,494,525 | 33,958 | ||||
| 6 | 90-Day | ||||||
| Euro-Dollar | Chicago | ||||||
| Mercantile | March | ||||||
| 2014 | USD | 1,493,700 | 36,433 | ||||
| (128) | 5-Year | ||||||
| US Treasury Note | Chicago | ||||||
| Board of Trade | September | ||||||
| 2013 | USD | 15,669,000 | 74,344 | ||||
| Total | $ 203,653 | ||||||
| • | Foreign currency exchange contracts as of May 31, 2013 were as follows: |
| Currency Purchased | Currency Sold | Counterparty | Settlement Date | Unrealized Appreciation (Depreciation) | ||
|---|---|---|---|---|---|---|
| EUR | 82,000 | USD | 106,203 | UBS | ||
| AG | 6/03/13 | $ 376 | ||||
| GBP | 2,328,000 | USD | 3,517,922 | Deutsche | ||
| Bank AG | 7/17/13 | 18,200 | ||||
| USD | 1,513,640 | CAD | 1,545,000 | Barclays | ||
| Plc | 7/17/13 | 24,923 | ||||
| USD | 42,832,108 | GBP | 27,978,000 | Barclays | ||
| Plc | 7/17/13 | 334,847 | ||||
| USD | 1,303,080 | GBP | 862,000 | Goldman | ||
| Sachs Group, Inc. | 7/17/13 | (6,257) | ||||
| USD | 30,513,197 | EUR | 23,239,297 | Citigroup, | ||
| Inc. | 7/23/13 | 299,910 | ||||
| USD | 426,134 | EUR | 328,000 | Deutsche | ||
| Bank AG | 7/23/13 | (297) | ||||
| USD | 584,322 | EUR | 444,000 | Goldman | ||
| Sachs Group, Inc. | 7/23/13 | 7,080 | ||||
| USD | 460,880 | EUR | 351,000 | Morgan | ||
| Stanley | 7/23/13 | 4,547 | ||||
| Total | $683,329 |
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BLACKROCK LIMITED DURATION INCOME TRUST MAY 31, 2013 29
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Consolidated Schedule of Investments (continued) BlackRock Limited Duration Income Trust (BLW)
| • | Description | Counterparty | Put/ Call | Strike Price | Expiration Date | Contracts | Market Value | ||
|---|---|---|---|---|---|---|---|---|---|
| Marsico Parent Superholdco LLC | Goldman Sachs Group, Inc. | Call | USD | 942.86 | 12/14/19 | 46 | — | ||
| • | Credit default swaps - buy protection outstanding as of May 31, 2013 were as follows: | ||||||||
| Issuer | Pay Fixed Rate | Counterparty | Expiration Date | Notional Amount (000) | Unrealized Depreciation | ||||
| Australia | |||||||||
| & New Zealand Banking Group Ltd. | 1.00% | Deutsche | |||||||
| Bank AG | 9/20/17 | USD | 1 | $ (20) | |||||
| Westpac Banking Corp. | 1.00% | Deutsche | |||||||
| Bank AG | 9/20/17 | USD | 1 | (21) | |||||
| Total | $ (41) | ||||||||
| • | Credit default swaps - sold protection outstanding as of May 31, 2013 were as follows: | ||||||||
| Issuer | Receive Fixed Rate | Counterparty | Expiration Date | Credit Rating 1 | Notional Amount (000) 2 | Unrealized Appreciation (Depreciation) | |||
| Caesars | |||||||||
| Entertainment Operating | |||||||||
| Co., Inc. | 5.00% | Citigroup, | |||||||
| Inc. | 12/20/15 | CCC-- | USD | 357 | $ 21,584 | ||||
| Caesars | |||||||||
| Entertainment Operating | |||||||||
| Co., Inc. | 5.00% | Citigroup, | |||||||
| Inc. | 12/20/15 | CCC-- | USD | 172 | 5,301 | ||||
| Caesars | |||||||||
| Entertainment Operating | |||||||||
| Co., Inc. | 5.00% | JPMorgan | |||||||
| Chase & Co. | 12/20/15 | CCC-- | USD | 145 | 7,577 | ||||
| Caesars | |||||||||
| Entertainment Operating | |||||||||
| Co., Inc. | 5.00% | JPMorgan | |||||||
| Chase & Co. | 12/20/15 | CCC-- | USD | 626 | 59,292 | ||||
| Caesars | |||||||||
| Entertainment Operating | |||||||||
| Co., Inc. | 5.00% | UBS | |||||||
| AG | 12/20/15 | CCC-- | USD | 840 | 12,981 | ||||
| Caesars | |||||||||
| Entertainment Operating | |||||||||
| Co., Inc. | 5.00% | Barclays | |||||||
| Plc | 3/20/16 | CCC-- | USD | 75 | (1,807) | ||||
| Caesars | |||||||||
| Entertainment Operating | |||||||||
| Co., Inc. | 5.00% | Barclays | |||||||
| Plc | 3/20/16 | CCC-- | USD | 72 | (3,641) | ||||
| Caesars | |||||||||
| Entertainment Operating | |||||||||
| Co., Inc. | 5.00% | Citigroup, | |||||||
| Inc. | 3/20/16 | CCC-- | USD | 79 | (3,606) | ||||
| Caesars | |||||||||
| Entertainment Operating | |||||||||
| Co., Inc. | 5.00% | Goldman | |||||||
| Sachs Group, Inc. | 3/20/16 | CCC-- | USD | 247 | 1,204 | ||||
| Caesars | |||||||||
| Entertainment Operating | |||||||||
| Co., Inc. | 5.00% | Goldman | |||||||
| Sachs Group, Inc. | 3/20/16 | CCC-- | USD | 247 | 1,204 | ||||
| Caesars | |||||||||
| Entertainment Operating | |||||||||
| Co., Inc. | 5.00% | Goldman | |||||||
| Sachs Group, Inc. | 3/20/16 | CCC-- | USD | 739 | (5,506) | ||||
| Caesars | |||||||||
| Entertainment Operating | |||||||||
| Co., Inc. | 5.00% | Goldman | |||||||
| Sachs Group, Inc. | 3/20/16 | CCC-- | USD | 165 | (3,259) | ||||
| Caesars | |||||||||
| Entertainment Operating | |||||||||
| Co., Inc. | 5.00% | Goldman | |||||||
| Sachs Group, Inc. | 3/20/16 | CCC-- | USD | 634 | (41,586) | ||||
| Caesars | |||||||||
| Entertainment Operating | |||||||||
| Co., Inc. | 5.00% | JPMorgan | |||||||
| Chase & Co. | 3/20/16 | CCC-- | USD | 82 | (2,713) | ||||
| Caesars | |||||||||
| Entertainment Operating | |||||||||
| Co., Inc. | 5.00% | Barclays | |||||||
| Plc | 6/20/16 | CCC-- | USD | 440 | (36,398) | ||||
| Caesars | |||||||||
| Entertainment Operating | |||||||||
| Co., Inc. | 5.00% | Goldman | |||||||
| Sachs Group, Inc. | 6/20/16 | CCC-- | USD | 499 | (9,587) | ||||
| Caesars | |||||||||
| Entertainment Operating | |||||||||
| Co., Inc. | 5.00% | Goldman | |||||||
| Sachs Group, Inc. | 6/20/16 | CCC-- | USD | 970 | (26,976) | ||||
| Caesars | |||||||||
| Entertainment Operating | |||||||||
| Co., Inc. | 5.00% | Barclays | |||||||
| Plc | 3/20/17 | CCC-- | USD | 72 | (3,637) | ||||
| Caesars | |||||||||
| Entertainment Operating | |||||||||
| Co., Inc. | 5.00% | Goldman | |||||||
| Sachs Group, Inc. | 3/20/17 | CCC-- | USD | 147 | (6,723) |
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BLACKROCK LIMITED DURATION INCOME TRUST MAY 31, 2013 30
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Consolidated Schedule of Investments (continued) BlackRock Limited Duration Income Trust (BLW)
| • | Issuer | Receive Fixed Rate | Counterparty | Expiration Date | Credit Rating 1 | Notional Amount (000) 2 | Unrealized Appreciation (Depreciation) | |
|---|---|---|---|---|---|---|---|---|
| Caesars Entertainment Operating Co., Inc. | 5.00% | Goldman Sachs Group, Inc. | 3/20/17 | CCC-- | USD | 453 | $ (29,216) | |
| Caesars Entertainment Operating Co., Inc. | 5.00% | Deutsche Bank AG | 6/20/17 | CCC-- | USD | 635 | (36,694) | |
| Total | $ (102,206) | |||||||
| 1 | Using Standard & Poor’s rating of the issuer or the underlying securities of the index, as applicable. | |||||||
| 2 | The maximum potential amount the Trust may pay should a negative credit event take place as defined under the terms of the agreement. | |||||||
| • | For Trust compliance purposes, the Trust's industry classifications refer to any 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 Trust management. These definitions may not apply for purposes of this report, which may combine such industry sub-classifications for reporting ease. | |||||||
| • | Fair Value Measurements - Various inputs are used in determining the fair value of investments and derivative financial instruments. These inputs to valuation techniques are categorized into a disclosure hierarchy consisting of three broad levels for financial reporting purposes as follows: | |||||||
| • | Level 1 — unadjusted price quotations in active markets/exchanges for identical assets or liabilities that the Trust has the ability to access | |||||||
| • | Level 2 — other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market-corroborated inputs) | |||||||
| • | Level 3 — unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Trust's own assumptions used in determining the fair value of investments and derivative financial instruments) | |||||||
| The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. | ||||||||
| Changes in valuation techniques may result in transfers into or out of an assigned level within the disclosure hierarchy. In accordance with the Trust's policy, transfers between different levels of the fair value disclosure 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 investment and derivative financial instrument and is not necessarily an indication of the risks associated with investing in those securities. For information about the Trust's policy regarding valuation of investments and derivative financial instruments, please refer to the Trust's most recent financial statements as contained in its semi-annual report. |
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BLACKROCK LIMITED DURATION INCOME TRUST MAY 31, 2013 31
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Consolidated Schedule of Investments (continued) BlackRock Limited Duration Income Trust (BLW)
The following tables summarize the Trust's investments and derivative financial instruments categorized in the disclosure hierarchy as of May 31, 2013:
| Assets: | ||||
| Investments: | ||||
| Long-Term Investments: | ||||
| Asset-Backed Securities | — | $ 25,617,339 | $ 25,967,541 | $ 51,584,880 |
| Common Stocks | $ 48,404 | 5,234,245 | 3,857,134 | 9,139,783 |
| Corporate Bonds | — | 449,937,291 | 7,963,452 | 457,900,743 |
| Floating Rate Loan Interests | 294,155,235 | 48,997,284 | 343,152,519 | |
| Foreign Agency Obligations | — | 3,339,451 | — | 3,339,451 |
| Non-Agency Mortgage-Backed Securities | — | 76,488,699 | — | 76,488,699 |
| Other Interests | 838,747 | 838,747 | ||
| Preferred Securities | 3,922,077 | 8,132,612 | — | 12,054,689 |
| Taxable Municipal Bonds | — | 1,380,807 | — | 1,380,807 |
| US Government Sponsored Agency Securities | — | 47,120,714 | — | 47,120,714 |
| Short-Term Securities | 6,889,336 | — | — | 6,889,336 |
| Total | $ 10,859,817 | $ 911,406,393 | $ 87,624,158 | $ 1,009,890,368 |
| Level 1 | Level 3 | |||
|---|---|---|---|---|
| Derivative Financial Instruments 1 | ||||
| Assets: | ||||
| Interest rate contracts | $ 203,653 | — | — | $ 203,653 |
| Foreign currency exchange contracts | — | $ 689,883 | — | 689,883 |
| Credit contracts | — | 109,143 | — | 109,143 |
| Liabilities: | ||||
| Foreign currency exchange contracts | — | (6,554) | — | (6,554) |
| Credit contracts | — | (211,390) | — | (211,390) |
| Total | $ 203,653 | $ 581,082 | — | $ 784,735 |
1 Derivative financial instruments are swaps, financial futures contracts and foreign currency exchange contracts. Swaps, financial futures contracts and foreign currency exchange contracts are valued at the unrealized appreciation/depreciation on the instrument.
Certain of the Trust’s assets and liabilities are held at carrying amount or face value, which approximates fair value for financial reporting purposes. As of May 31, 2013, such assets and liabilities are categorized within the disclosure hierarchy as follows:
| | Level
1 | Level
2 | Level
3 | |
| --- | --- | --- | --- | --- |
| Assets: | | | | |
| Cash | $ 19,504 | — | — | $ 19,504 |
| Cash pledged as
collateral for financial futures contracts | 86,500 | — | — | 86,500 |
| Foreign currency
at value | 18,830 | — | — | 18,830 |
| Liabilities: | | | | |
| Cash received as
collateral for swaps | — | $ (585,000) | — | (585,000) |
| Reverse repurchase
agreements | — | (314,090,686) | — | (314,090,686) |
| Total | $ 124,834 | $ (314,675,686) | — | $ (314,550,852) |
There were no transfers between Level 1 and Level 2 during the period ended May 31, 2013.
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BLACKROCK LIMITED DURATION INCOME TRUST MAY 31, 2013 32
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Consolidated Schedule of Investments (concluded) BlackRock Limited Duration Income Trust (BLW)
Certain of the Trust's investments that are categorized as Level 3 were valued utilizing third party pricing information without adjustment. Such valuations are based on unobservable inputs. A significant change in third party information inputs could result in a significantly lower or higher value of such Level 3 investments.
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 | Common Stocks | Corporate Bonds | Floating Rate Loan Interests | Other Interests | Total | |
|---|---|---|---|---|---|---|
| Assets: | ||||||
| Opening Balance, as of August 31, 2012 | $9,845,241 | $2,007,283 | $1,727 | $38,594,979 | $1,608,923 | $52,058,153 |
| Transfers into Level 3 1 | — | 49,856 | 9,145,125 | 4,344,844 | — | 13,539,825 |
| Transfers out of Level 3 2 | (2,321,397) | — | — | (8,217,027) | — | (10,538,424) |
| Accrued discounts/premiums | (853,895) | — | (17,982) | 91,029 | — | (780,848) |
| Net realized gain (loss) | 65,244 | — | 11,837 | 67,530 | — | 144,611 |
| Net change in unrealized appreciation/depreciation 3 | 1,293,943 | 1,530,750 | (2,084,639) | 738,533 | 80,824 | 1,559,411 |
| Purchases | 19,157,350 | 269,245 | 1,175,000 | 34,166,149 | 10,000 | 54,777,744 |
| Sales | (1,218,945) | — | (267,616) | (20,788,753) | (861,000) | (23,136,314) |
| Closing Balance, | ||||||
| as of May 31, 2013 | $ | |||||
| 25,967,541 | $ 3,857,134 | $ 7,963,452 | $ 48,997,284 | $ 838,747 | $ 87,624,158 |
| 1 | Transfers into and transfers out of Level 3 represent the values
as of the beginning of the reporting period. As of August 31, 2012, the Trust used observable inputs in determining the value
of certain investments. As of May 31, 2013, the Trust used significant unobservable inputs in determining the value of
the same investments. As a result, investments with a beginning of period value of $13,539,825 transferred from Level 2 to
Level 3 in the disclosure hierarchy. |
| --- | --- |
| 2 | Transfers into and transfers out of Level 3 represent the values
as of the beginning of the reporting period. As of August 31, 2012, the Trust used significant unobservable inputs in
determining the value of certain investments. As of May 31, 2013, the Trust used observable inputs in determining the value
of the same investments. As a result, investments with a beginning of period value of $10,538,424 transferred from Level 3 to
Level 2 in the disclosure hierarchy. |
| 3 | The change in unrealized appreciation/depreciation on investments still held as of May 31, 2013 was $1,062,983. |
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BLACKROCK LIMITED DURATION INCOME TRUST MAY 31, 2013 33
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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 Limited Duration Income Trust
By: /s/ John M. Perlowski
John M. Perlowski
Chief Executive Officer (principal executive officer) of
BlackRock Limited Duration Income Trust
Date: July 25, 2013
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 Limited Duration Income Trust
Date: July 25, 2013
By: /s/ Neal J. Andrews
Neal J. Andrews
Chief Financial Officer (principal financial officer) of
BlackRock Limited Duration Income Trust
Date: July 25, 2013
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