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BLACKROCK Ltd DURATION INCOME TRUST

Regulatory Filings Jan 22, 2018

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N-Q 1 d457567dnq.htm BLACKROCK LTD DURATION INCOME TRUST BLACKROCK Ltd DURATION INCOME TRUST

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number: 811-21349

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: 08/31/2018

Date of reporting period: 11/30/2017

Item 1 – Schedule of Investments

Schedule of Investments (unaudited) November 30, 2017 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Common Stocks — 0.2%
Chemicals — 0.0%
LyondellBasell Industries NV, Class A 37 $ 3,874
Diversified Financial Services — 0.2%
Kcad Holdings I Ltd. (a)(b) 546,753,937 1,044,300
Health Care Management Services — 0.0%
New Millennium HoldCo, Inc. (b) 8,511 2,392
Hotels, Restaurants & Leisure — 0.0%
Caesars Entertainment Corp. (b) 8,330 110,372
Household Durables — 0.0%
Berkline Benchcraft Equity LLC (a) 3,155 —
Metals & Mining — 0.0%
Ameriforge Group, Inc. 801 32,040
Total Common Stocks — 0.2% (Cost — $6,250,607) 1,192,978
Asset-Backed Securities — 13.7%
Asset-Backed Securities — 13.6%
AIMCO CLO, Series 2014-AA, Class DR, (3 mo. LIBOR US +
3.25%), 4.61%, 07/20/26 (d)(e) USD 250 253,244
Allegro CLO II Ltd., Series 2014-1A, Class CR, (3 mo. LIBOR US
+ 3.85%), 5.21%, 01/21/27 (d)(e) 1,000 1,001,961
ALM VI Ltd., Series 2012-6A, Class B2RR, (3 mo. LIBOR US +
2.05%), 3.41%, 07/15/26 (d)(e) 1,000 1,007,900
ALM XII Ltd., Series 2015-12A, Class C1R, (3 mo. LIBOR US +
3.20%), 4.56%, 04/16/27 (d)(e) 1,000 1,014,036
ALM XIV Ltd., Series 2014-14A, Class C, (3 mo. LIBOR US +
3.45%), 4.83%, 07/28/26 (d)(e) 4,140 4,163,125
ALM XVI Ltd./ALM XVI LLC, Series 2015-16A, Class C2R,
(3 mo. LIBOR US + 3.20%), 4.56%, 07/15/27 (d)(e) 270 274,145
Security Value
Asset-Backed Securities (continued)
ALM XVII Ltd., Series 2015-17A, Class D, (3 mo. LIBOR US
+ 6.35%), 7.71%, 01/15/28 (d)(e) USD 1,000 $ 1,025,155
AmeriCredit Automobile Receivables, Series 2014-3, Class C,
2.58%, 09/08/20 4,850 4,874,044
AMMC CLO Ltd. (d)(e) :
Series 2014-15A, Class D, (3 mo. LIBOR US + 4.20%), 5.52%,
12/09/26 2,000 2,050,849
Series 2016-18A, Class E1, (3 mo. LIBOR US + 6.67%), 8.13%,
05/26/28 500 508,953
Anchorage Capital CLO Ltd. (e) :
Series 2014-3A, Class D, (3 mo. LIBOR US + 4.75%), 6.13%,
04/28/26 (d) 1,000 1,007,644
Series 2014-4A, Class CR, (3 mo. LIBOR US + 3.40%), 4.78%,
07/28/26 (d) 275 278,563
Series 2014-5A, Class E, (3 mo. LIBOR US + 5.00%), 6.36%,
10/15/26 (d) 1,000 1,003,815
Series 2015-7A, Class DR, 4.06%, 10/15/27 (f) 1,000 1,008,409
Series 2016-8A, Class E, (3 mo. LIBOR US + 6.50%), 7.88%,
07/28/28 (d) 1,000 1,023,575
Series 2016-9A, Class D, (3 mo. LIBOR US + 4.00%), 5.36%,
01/15/29 (d) 350 356,749
Ares XXXII CLO Ltd., Series 2014-32A, Class BR, (3 mo. LIBOR US
+ 2.25%), 3.67%, 11/15/25 (d)(e) 1,250 1,258,499
Ballyrock CLO LLC, Series 2014-1A, Class CR, (3 mo. LIBOR US
+ 3.65%), 5.01%, 10/20/26 (d)(e) 280 280,635
BlueMountain CLO Ltd., Series 2012-2A, Class DR, (3 mo. LIBOR US
+ 4.15%), 5.59%, 11/20/28 (d)(e) 1,000 1,024,494

S CHEDULES OF I NVESTMENTS 1

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Asset-Backed Securities (continued)
Carlyle Global Market Strategies CLO
Ltd. (d)(e) :
Series 2014-3A, Class D1, (3 mo. LIBOR US + 5.10%),
6.47%, 07/27/26 USD 1,000 $ 1,009,480
Series 2014-4A, Class E, (3 mo. LIBOR US + 5.20%),
6.56%, 10/15/26 500 506,161
Series 2015-1A, Class CR, (3 mo. LIBOR US + 2.00%),
3.36%, 04/20/27 600 601,800
CIFC Funding Ltd., Series 2015-1A, Class D, (3 mo. LIBOR US
+ 4.00%), 5.36%, 01/22/27 (d)(e) 600 600,184
Credit Suisse ABS Repackaging Trust, Series 2013-A, Class B, 2.50%, 01/25/30 (e) 762 714,044
DCP Rights LLC, Series 2014-1A, Class A, 5.46%, 10/25/44 (e) 3,085 3,175,262
Dryden Senior Loan Fund, Series 2014-31A, Class DR, (3 mo.
LIBOR US + 3.35%), 4.70%, 04/18/26 (d)(e) 250 251,801
Highbridge Loan Management Ltd., Series 5A-2015, Class E,
(3 mo. LIBOR US + 5.35%), 6.73%, 01/29/26 (d)(e) 1,000 1,005,558
HPS Loan Management Ltd., Series 9A-2016, Class D2, (3 mo.
LIBOR US + 6.45%), 7.81%, 07/19/27 (d)(e) 1,000 1,006,581
Lendmark Funding Trust, Series 2017-2A, Class A, 2.80%, 05/20/26 (e) 2,240 2,239,909
Litigation Fee Residual Funding,
4.00%, 10/30/27 (a) 1,596 1,589,879
Madison Park Funding XIII Ltd., Series 2014-13A, Class E,
(3 mo. LIBOR US + 5.00%), 6.36%, 01/19/25 (d)(e) 1,250 1,254,992
Madison Park Funding XIV Ltd., Series 2014-14A, Class E,
(3 mo. LIBOR US + 4.75%), 6.11%, 07/20/26 (d)(e) 1,000 1,008,885
Security Value
Asset-Backed Securities (continued)
Madison Park Funding XV Ltd., Series 2014-15A, Class B1R,
(3 mo. LIBOR US + 2.20%), 3.57%, 01/27/26 (d)(e) USD 1,500 $ 1,504,520
Neuberger Berman CLO XX Ltd., Series 2015-20A, Class ER, 6.45%, 01/15/28 (e)(f) 1,250 1,250,000
Oaktree CLO Ltd., 1.00%, 10/20/27 500 500,000
Octagon Investment Partners LLC, Series 2017-1A, Class E,
(3 mo. LIBOR US + 6.30%), 7.66%, 07/20/30 (d)(e) 500 512,614
Octagon Investment Partners XVIII Ltd., Series 2013-1A, Class CR, (3 mo. LIBOR US + 3.48%), 4.90%, 12/16/24 (d)(e) 1,000 1,005,483
OHA Loan Funding LLC, Series 2014-1A, Class E,
7.75%, 10/20/26 (e) 2,000 2,007,980
OneMain Financial Issuance Trust, Series 2015-2A, Class C,
4.32%, 07/18/25 (e) 4,000 3,997,038
OZLM IX Ltd., Series 2014-9A Class CR, (3 mo. LIBOR US
+ 3.55%), 4.91%, 01/20/27 (d)(e) 1,000 1,003,298
OZLM VII Ltd., Series 2014-7A, Class CR, (3 mo. LIBOR
US + 3.50%), 4.85%, 07/17/26 (d)(e) 250 251,641
OZLM VIII Ltd., Series 2014-8A (d)(e):
Class BR, (3 mo. LIBOR US + 2.25%), 3.60%, 10/17/26 2,500 2,506,647
Class CR, (3 mo. LIBOR US + 3.40%), 4.75%, 10/17/26 500 501,218
OZLM XII Ltd., Series 2015-12A, Class C, (3 mo. LIBOR
US + 3.70%), 5.08%, 04/30/27 (d)(e) 1,000 1,008,367
OZLM XIX Ltd., Series 2017-19A, Class D, 8.05%, 11/22/30 (e)(f) 500 495,000
OZLM XV Ltd., Series 2016-15A, Class C, (3 mo. LIBOR
US + 4.00%), 5.36%, 01/20/29 (d)(e) 1,000 1,021,437

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

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Asset-Backed Securities (continued)
Park Avenue Institutional Advisers CLO Ltd., Series 2017-1A, Class D, 7.63%, 11/14/29 (e)(f) USD 500 $ 479,900
Regatta V Funding Ltd., Series 2014-1A, Class BR, (3 mo. LIBOR
US + 2.30%), 3.67%, 10/25/26 (d)(e) 2,000 2,007,078
Rockford Tower CLO Ltd., Series 2017-1A, Class D, (3 mo. LIBOR
US + 3.25%), 4.61%, 04/15/29 (d)(e) 250 253,543
Santander Drive Auto Receivables Trust:
Series 2014-3, Class D, 2.65%, 08/17/20 4,015 4,031,862
Series 2014-4, Class C, 2.60%, 11/16/20 2,407 2,414,183
Series 2014-4, Class D, 3.10%, 11/16/20 4,500 4,549,427
Sound Point CLO IV Ltd., Series 2013-3A, Class DR, (3 mo. LIBOR
US + 3.40%), 4.76%, 01/21/26 (d)(e) 800 801,806
Sound Point CLO VII Ltd., Series 2014-3A, Class D, (3 mo. LIBOR
US + 3.60%), 4.96%, 01/23/27 (d)(e) 2,000 2,013,172
Symphony CLO XV Ltd., Series 2014-15A, Class CR, (3 mo. LIBOR US
+ 2.20%), 3.55%, 10/17/26 (d)(e) 1,250 1,261,042
Symphony CLO XVIII Ltd., Series 2016-18A, Class D, (3 mo. LIBOR
US + 4.00%), 5.36%, 01/23/28 (d)(e) 1,000 1,023,457
THL Credit Wind River CLO Ltd., Series 2014-3A, Class E, (3
mo. LIBOR US + 5.60%), 6.96%, 01/22/27 (d)(e) 1,000 1,010,563
TICP CLO VII Ltd., Series 2017-7A, Class E, (3 mo. LIBOR US
+ 6.51%), 7.81%, 07/15/29 (d)(e) 500 510,810
Venture XXVI CLO Ltd., Series 2017-26A (d)(e) :
Class D, (3 mo. LIBOR US + 4.25%), 5.61%, 01/20/29 1,000 1,033,680
Security Value
Asset-Backed Securities (continued)
Venture XXVI CLO Ltd., Series 2017-26A (d)(e) (continued):
Class E, (3 mo. LIBOR US + 6.80%), 8.16%, 01/20/29 USD 500 $ 516,660
Vibrant CLO IV Ltd., Series 2016-4A, Class D, (3 mo. LIBOR US
+ 4.50%), 5.86%, 07/20/28 (d)(e) 1,000 1,022,994
Voya CLO Ltd., Series 2014-4A, Class CR, (3 mo. LIBOR US +
3.00%), 4.36%, 10/14/26 (d)(e) 2,500 2,523,524
World Financial Network Credit Card Master Trust, Series 2012-C, Class B, 3.57%, 08/15/22 3,000 3,027,109
York CLO Ltd. (e) :
Series 2015-1A, Class ER, 1.00%, 01/22/31 (f)(g) 250 250,000
Series 2016-1A, Class DR, (3 mo. LIBOR US + 3.60%), 4.96%,
10/20/29 (a)(d) 250 254,113
Series 2016-2A, Class E, (3 mo. LIBOR US + 6.94%), 8.30%,
01/20/30 (d) 1,000 1,016,227
85,946,724
Interest Only Asset-Backed Securities — 0.1%
Sterling Bank Trust, Series 2004-2, Class Note, 2.08%, 03/30/30 (a)(e) 3,883 231,747
Sterling Coofs Trust, Series 2004-1, Class A, 2.00%, 04/15/29 (a) 3,013 138,403
370,150
Total Asset-Backed Securities — 13.7% (Cost — $85,401,645) 86,316,874
Corporate Bonds — 62.9%
Aerospace & Defense — 1.1%
Arconic, Inc.:
5.87%, 02/23/22 (h) 730 790,298
5.13%, 10/01/24 (h) 720 767,700

S CHEDULES OF I NVESTMENTS 3

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Aerospace & Defense (continued)
Arconic, Inc. (continued):
5.90%, 02/01/27 USD 105 $ 117,075
6.75%, 01/15/28 76 89,115
5.95%, 02/01/37 50 54,125
Bombardier, Inc. (e) :
8.75%, 12/01/21 (h) 530 586,318
6.00%, 10/15/22 19 18,596
6.13%, 01/15/23 494 486,195
7.50%, 12/01/24 248 250,083
7.50%, 03/15/25 (h) 306 307,530
7.45%, 05/01/34 188 185,180
EnPro Industries, Inc., 5.88%, 09/15/22 111 115,440
KLX, Inc., 5.88%, 12/01/22 (e)(h) 788 823,460
Koppers, Inc., 6.00%, 02/15/25 (e) 225 241,661
Kratos Defense & Security Solutions, Inc.:
7.00%, 05/15/19 89 91,492
6.50%, 11/30/25 (e) 160 164,400
Moog, Inc., 5.25%, 12/01/22 (e) 270 280,463
Pioneer Holdings LLC/Pioneer Finance Corp., 9.00%, 11/01/22 (e) 164 168,100
TransDigm, Inc.:
6.00%, 07/15/22 (h) 1,070 1,103,437
6.50%, 07/15/24 (h) 378 386,505
6.50%, 05/15/25 55 56,133
6.38%, 06/15/26 88 89,320
7,172,626
Air Freight & Logistics — 0.2%
XPO Logistics, Inc.:
5.75%, 06/15/21 EUR 100 122,494
6.50%, 06/15/22 (e)(h) USD 1,043 1,089,935
1,212,429
Airlines — 2.1%
Air Canada Pass-Through Trust (e) :
Series 2013-1, Class C, 6.63%, 05/15/18 651 661,579
Series 2015-1, Class B, 3.88%, 09/15/24 (h) 1,282 1,288,546
Security Value
Airlines (continued)
American Airlines Pass-Through Trust:
Series 2013-2, Class A, 4.95%, 07/15/24 (h) USD 2,818 $ 2,994,104
Series 2013-2, Class B, 5.60%, 01/15/22 (e)(h) 392 408,141
Series 2017-1, Class B, 4.95%, 08/15/26 1,540 1,614,074
Avianca Holdings SA/Avianca Leasing LLC/Grupo Taca Holdings Ltd., 8.38%, 05/10/20 239 244,377
Continental Airlines Pass-Through Trust, Series 2012-3, Class C,
6.13%, 04/29/18 (h) 230 233,450
Latam Finance Ltd., 6.88%, 04/11/24 (e) 203 213,861
United Airlines Pass-Through Trust:
Series 2014-2, Class B, 4.63%, 03/03/24 (h) 1,866 1,931,504
Series 2015-1, Class A, 3.70%, 06/01/24 2,430 2,502,900
US Airways Pass-Through Trust, Series 2011-1, Class B,
9.75%, 04/22/20 321 339,426
Virgin Australia Trust, Series 2013-1 (e)(h) :
Class A, 5.00%, 04/23/25 350 364,011
Class C, 7.13%, 10/23/18 286 291,679
13,087,652
Auto Components — 0.7%
Allison Transmission, Inc., 5.00%, 10/01/24 (e) 28 29,163
Aptiv PLC, 4.40%, 10/01/46 240 243,758
Gestamp Funding Luxembourg SA, 3.50%, 05/15/23 EUR 100 124,629
Goodyear Tire & Rubber Co., 5.00%, 05/31/26 USD 67 69,365
HP Pelzer Holding GmbH, 4.13%, 04/01/24 EUR 100 124,143
Icahn Enterprises LP/Icahn Enterprises Finance Corp.:
4.88%, 03/15/19 (h) USD 1,314 1,318,927
6.00%, 08/01/20 28 28,840
6.25%, 02/01/22 371 385,840

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

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Auto Components (continued)
Icahn Enterprises LP/Icahn Enterprises Finance Corp. (continued):
6.75%, 02/01/24 USD 302 $ 317,100
IHO Verwaltungs GmbH (i) :
(2.75% Cash or 3.50% PIK), 2.75%, 09/15/21 EUR 100 122,339
(3.25% Cash or 4.00% PIK), 3.25%, 09/15/23 100 124,738
(3.75% Cash or 4.50% PIK), 3.75%, 09/15/26 100 127,952
(4.13% Cash or 4.88% PIK),
4.13%, 09/15/21 (e) USD 200 203,202
(4.50% Cash or 5.25% PIK),
4.50%, 09/15/23 (e) 200 204,750
Tesla, Inc., 5.30%, 08/15/25 (e)(h) 496 473,531
ZF North America Capital, Inc. (e) :
4.50%, 04/29/22 (h) 462 489,143
4.75%, 04/29/25 150 159,807
4,547,227
Automobiles — 0.4%
General Motors Co., 3.50%, 10/02/18 (h) 2,478 2,506,761
Banks — 1.6%
Allied Irish Banks PLC, (5 year EUR Swap + 3.95%), 4.13%, 11/26/25 (j) EUR 100 129,285
Banco Espirito Santo SA (b)(c) :
4.75%, 01/15/18 100 33,327
4.00%, 01/21/19 100 33,327
Banco Inbursa SA Institucion de Banca Multiple, 4.13%,
06/06/24 (e) USD 202 204,202
Banco Popolare, 2.75%, 07/27/20 EUR 100 124,430
Bank of Ireland, (5 year EUR Swap + 3.55%), 4.25%, 06/11/24 (j) 100 125,543
Bankia SA, (5 year EUR Swap + 3.35%), 3.38%,
03/15/27 (j) 100 125,449
Barclays PLC, 3.65%, 03/16/25 (h) USD 3,600 3,592,861
CaixaBank SA, (5 year EUR Swap + 3.35%), 3.50%,
02/15/27 (j) EUR 100 126,446
CIT Group, Inc., 5.00%, 08/01/23 (h) USD 610 656,482
HSBC Holdings PLC, 4.38%, 11/23/26 (h) 395 411,539
Inversiones Atlantida SA, 8.25%, 07/28/22 (e) 370 382,487
Security Value
Banks (continued)
National Bank of Greece SA, 2.75%, 10/19/20 EUR 100 $ 119,725
Nordea Bank AB, 4.50%, 03/26/20 1,020 1,338,034
Santander Holdings USA, Inc.,
4.50%, 07/17/25 (h) USD 1,750 1,822,943
Santander UK Group Holdings PLC,
2.88%, 08/05/21 (h) 950 950,008
10,176,088
Beverages — 0.5%
Anheuser-Busch InBev Finance, Inc.,
3.30%, 02/01/23 (h) 3,000 3,075,895
Central American Bottling Corp.,
5.75%, 01/31/27 (e) 176 185,152
3,261,047
Biotechnology — 0.0%
Senvion Holding GmbH, 3.88%, 10/25/22 EUR 100 114,233
Building Materials — 0.1%
James Hardie International Finance Ltd. (g) :
4.75%, 01/15/25 USD 200 203,500
5.00%, 01/15/28 200 203,500
Titan Global Finance PLC, 3.50%, 06/17/21 EUR 100 126,583
533,583
Building Products — 0.5%
American Builders & Contractors Supply Co.,
Inc. (e) :
5.63%, 04/15/21 USD 76 77,520
5.75%, 12/15/23 210 222,138
Beacon Escrow Corp., 4.88%, 11/01/25 (e) 878 895,560
Building Materials Corp. of America (e) :
5.38%, 11/15/24 45 47,363
6.00%, 10/15/25 (h) 260 280,202
CPG Merger Sub LLC, 8.00%, 10/01/21 (e)(h) 478 494,730
Masonite International Corp., 5.63%,
03/15/23 (e)(h) 479 501,297

S CHEDULES OF I NVESTMENTS 5

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Building Products (continued)
Ply Gem Industries, Inc., 6.50%, 02/01/22 USD 219 $ 226,665
Standard Industries, Inc. (e) :
5.13%, 02/15/21 20 20,597
5.50%, 02/15/23 (h) 147 154,350
USG Corp. (e) :
5.50%, 03/01/25 11 11,770
4.88%, 06/01/27 198 206,910
3,139,102
Cable Television Services — 0.0%
CB Escrow Corp., 8.00%, 10/15/25 (e) 146 146,730
Capital Markets — 0.6%
Blackstone CQP Holdco LP (e) :
6.50%, 03/20/21 2,040 2,065,500
6.00%, 08/18/21 332 332,000
Morgan Stanley, 4.00%, 07/23/25 ( h) 965 1,009,195
SURA Asset Management SA,
4.38%, 04/11/27 (e) 205 207,767
3,614,462
Chemicals — 1.8%
Alpha 3 BV/Alpha US Bidco, Inc.,
6.25%, 02/01/25 (e)(h) 1,061 1,087,525
Axalta Coating Systems Dutch Holding B BV, 3.75%, 01/15/25 EUR 100 127,761
Axalta Coating Systems LLC, 4.88%,
08/15/24 (e) USD 239 250,353
Blue Cube Spinco, Inc.:
9.75%, 10/15/23 424 505,090
10.00%, 10/15/25 308 374,220
CF Industries, Inc.:
7.13%, 05/01/20 130 142,513
5.15%, 03/15/34 90 90,675
4.95%, 06/01/43 164 153,340
Chemours Co.:
6.63%, 05/15/23 248 262,260
7.00%, 05/15/25 112 122,500
5.38%, 05/15/27 156 162,630
Cydsa SAB de C.V., 6.25%, 10/04/27 (e) 252 250,425
Hexion, Inc., 10.38%, 02/01/22 (e) 184 169,335
Security Value
Chemicals (continued)
Huntsman International LLC:
4.88%, 11/15/20 USD 339 $ 354,255
5.13%, 11/15/22 280 301,700
Ineos Finance PLC, 4.00%, 05/01/23 EUR 100 122,747
INEOS Group Holdings SA, 5.38%, 08/01/24 100 128,250
Mexichem SAB de CV (e) :
4.00%, 10/04/27 USD 200 199,000
5.50%, 01/15/48 200 194,500
Momentive Performance Materials, Inc., 3.88%,
10/24/21 (h) 1,578 1,637,175
NOVA Chemicals Corp. (e) :
4.88%, 06/01/24 267 270,338
5.25%, 06/01/27 27 27,270
Platform Specialty Products Corp. (e) :
6.50%, 02/01/22 (h) 1,786 1,846,277
5.88%, 12/01/25 376 378,820
PQ Corp.:
6.75%, 11/15/22 (e)(h) 373 401,907
5.75%, 12/15/25 (g) 379 387,527
PSPC Escrow Corp., 6.00%, 02/01/23 EUR 100 124,572
Sherwin-Williams Co., 2.75%, 06/01/22 USD 180 178,902
Tronox Finance PLC, 5.75%, 10/01/25 (e) 172 178,880
Venator Finance Sarl/Venator Materials LLC,
5.75%, 07/15/25 (e) 150 158,250
Versum Materials, Inc., 5.50%, 09/30/24 (e) 116 124,120
WR Grace & Co-Conn (e) :
5.13%, 10/01/21 316 334,565
5.63%, 10/01/24 200 216,000
11,263,682
Commercial Services & Supplies — 1.2%
ADT Corp.:
6.25%, 10/15/21 374 411,400
3.50%, 07/15/22 (h) 163 162,389
4.13%, 06/15/23 310 313,292
4.88%, 07/15/32 (e) 534 506,520
Advanced Disposal Services, Inc.,
5.63%, 11/15/24 (e) 225 232,313

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

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Commercial Services & Supplies (continued)
Aviation Capital Group Corp., 4.63%,
01/31/18 (e)(h) USD 1,000 $ 1,004,364
Booz Allen Hamilton, Inc., 5.13%, 05/01/25 (e) 669 672,345
CD&R Waterworks Merger Sub LLC,
6.13%, 08/15/25 (e) 162 165,289
Harland Clarke Holdings Corp.,
8.38%, 08/15/22 (e) 414 431,595
KAR Auction Services, Inc., 5.13%, 06/01/25 (e) 339 350,865
La Financiere Atalian SAS, 4.00%, 05/15/24 EUR 100 124,976
Michael Baker International LLC,
8.75%, 03/01/23 (e) USD 90 85,950
Mobile Mini, Inc., 5.88%, 07/01/24 (h) 499 523,950
Paprec Holding SA, 5.25%, 04/01/22 EUR 100 123,794
Park Aerospace Holdings Ltd. (e) :
3.63%, 03/15/21 USD 226 221,480
5.25%, 08/15/22 369 377,303
Pitney Bowes, Inc., 3.63%, 10/01/21 (h) 500 467,475
Ritchie Bros Auctioneers, Inc.,
5.38%, 01/15/25 (e) 160 167,200
S&P Global, Inc., 2.50%, 08/15/18 (h) 445 446,483
United Rentals North America, Inc.,
5.75%, 11/15/24 (h) 609 642,495
Verisure Holding AB, 6.00%, 11/01/22 EUR 113 143,254
Wrangler Buyer Corp., 6.00%, 10/01/25 (e) USD 109 110,635
7,685,367
Communications Equipment — 0.7%
Avaya, Inc., 7.00%, 04/01/19 (b)(c)(e) 183 140,452
CommScope Technologies Finance LLC, 6.00%,
06/15/25 (e) 3 3,210
CommScope Technologies LLC,
5.00%, 03/15/27 (e) 237 237,000
CommScope, Inc. (e) :
5.00%, 06/15/21 465 476,567
5.50%, 06/15/24 102 106,845
Motorola Solutions, Inc., 3.75%, 05/15/22 (h) 1,500 1,536,837
Nokia OYJ:
3.38%, 06/12/22 106 105,868
Security Value
Communications Equipment (continued)
Nokia OYJ (continued):
4.38%, 06/12/27 USD 149 $ 147,808
6.63%, 05/15/39 200 221,000
Zayo Group LLC/Zayo Capital, Inc. (h) :
6.00%, 04/01/23 531 552,572
6.38%, 05/15/25 380 403,275
5.75%, 01/15/27 (e) 707 728,210
4,659,644
Construction & Engineering — 0.5%
Aeropuertos Argentina 2000 SA,
6.88%, 02/01/27 (e) 293 315,878
Aeropuertos Dominicanos Siglo XXI SA,
6.75%, 03/30/29 (e) 293 318,638
BlueLine Rental Finance
Corp., 9.25%, 03/15/24 (e)(h) 1,100 1,190,750
Brand Energy & Infrastructure Services, Inc., 8.50%, 07/15/25 (e) 528 559,838
Engility Corp., 8.88%, 09/01/24 216 232,200
SPIE SA, 3.13%, 03/22/24 EUR 100 124,669
Tutor Perini Corp., 6.88%, 05/01/25 (e) USD 219 232,775
Weekley Homes LLC/Weekley Finance Corp.,
6.63%, 08/15/25 (e) 61 59,484
3,034,232
Construction Materials — 0.3%
American Tire Distributors, Inc.,
10.25%, 03/01/22 (e) 204 208,590
Beacon Roofing Supply, Inc., 6.38%, 10/01/23 137 146,247
H&E Equipment Services, Inc., 5.63%,
09/01/25 (e) 72 75,420
HD Supply, Inc., 5.75%, 04/15/24 (e)(h) 790 841,350
LKQ Italia Bondco SpA, 3.88%, 04/01/24 EUR 100 131,225
Navistar International Corp., 6.63%,
11/01/25 (e) USD 271 280,656
New Enterprise Stone & Lime Co., Inc., 10.13%, 04/01/22 (e) 160 173,200
Rexel SA, 3.50%, 06/15/23 EUR 116 145,135

S CHEDULES OF I NVESTMENTS 7

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Construction Materials (continued)
Williams Scotsman International, Inc.,
7.88%, 12/15/22 (e) USD 109 $ 112,815
2,114,638
Consumer Discretionary — 0.2%
Arch Merger Sub, Inc., 8.50%, 09/15/25 (e) 189 170,100
Live Nation Entertainment, Inc., 4.88%,
11/01/24 (e) 29 29,870
Nielsen Co. Luxembourg SARL, 5.00%,
02/01/25 (e) 490 509,600
ServiceMaster Co. LLC, 5.13%, 11/15/24 (e) 244 247,660
Viking Cruises Ltd. (e) :
6.25%, 05/15/25 141 146,992
5.88%, 09/15/27 303 306,409
1,410,631
Consumer Finance — 0.8%
Alliance Data Systems Corp. (e) :
5.25%, 12/01/17 28 28,000
5.88%, 11/01/21 (h) 696 711,660
Ally Financial, Inc., 8.00%, 11/01/31 (h) 911 1,205,936
CDK Global, Inc., 4.88%, 06/01/27 (e) 278 286,340
Credivalores-Crediservicios SAS, 9.75%,
07/27/22 (e) 200 207,250
IHS Markit Ltd. (e) :
4.75%, 02/15/25 167 176,903
4.00%, 03/01/26 (g) 122 122,915
Navient Corp.:
5.00%, 10/26/20 (h) 310 315,812
6.63%, 07/26/21 190 200,925
6.50%, 06/15/22 298 312,900
5.50%, 01/25/23 134 134,168
7.25%, 09/25/23 (h) 257 276,917
6.13%, 03/25/24 43 43,538
5.88%, 10/25/24 125 125,663
6.75%, 06/25/25 181 186,430
5.63%, 08/01/33 95 81,700
OneMain Financial Holdings LLC (e) :
6.75%, 12/15/19 147 151,777
7.25%, 12/15/21 219 227,366
Security Value
Consumer Finance (continued)
Springleaf Finance Corp., 6.13%, 05/15/22 USD 70 $ 72,625
4,868,825
Containers & Packaging — 1.5%
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc.:
4.25%, 09/15/22 (e) 239 244,348
4.63%, 05/15/23 (e) 206 211,407
6.75%, 05/15/24 EUR 100 131,969
7.25%, 05/15/24 (e)(h) USD 1,668 1,826,460
6.00%, 02/15/25 (e) 599 636,497
4.75%, 07/15/27 (e) GBP 100 136,579
4.75%, 07/15/27 100 136,579
Ball Corp.:
5.00%, 03/15/22 (h) USD 303 325,346
4.00%, 11/15/23 48 49,320
BWAY Holding Co., 5.50%, 04/15/24 (e)(h) 707 737,047
Horizon Holdings I SASU, 7.25%, 08/01/23 EUR 100 126,752
JH-Holding Finance SA, (8.25% PIK), 8.25%, 12/01/22 (i) 200 256,045
Mercer International, Inc., 6.50%, 02/01/24 USD 113 119,356
Reynolds Group Issuer, Inc./Reynolds Group Issuer LLC/Reynolds Group Issuer Lu:
5.75%, 10/15/20 (h) 1,062 1,079,921
6.88%, 02/15/21 136 138,916
(3 mo. LIBOR US + 3.50%), 4.86%,
07/15/21 (d)(e) 810 824,175
5.13%, 07/15/23 (e) 175 181,562
7.00%, 07/15/24 (e)(h) 1,039 1,114,769
Sealed Air Corp. (e) :
4.88%, 12/01/22 192 203,760
6.88%, 07/15/33 44 51,150
Signode Industrial Group Lux SA/Signode Industrial Group US, Inc., 6.38%, 05/01/22 (e)(h) 473 486,599
Silgan Holdings, Inc., 3.25%, 03/15/25 EUR 100 123,581

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

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Containers & Packaging (continued)
Verallia Packaging SASU, 5.13%, 08/01/22 EUR 100 $ 124,976
9,267,114
Diversified Consumer Services — 0.6%
APX Group, Inc.:
6.38%, 12/01/19 USD 30 30,413
8.75%, 12/01/20 (h) 270 275,656
7.88%, 12/01/22 (h) 182 194,740
Ascend Learning LLC, 6.88%, 08/01/25 (e) 299 310,960
GW Honos Security Corp.,
8.75%, 05/15/25 (e) 87 93,090
Laureate Education, Inc.,
8.25%, 05/01/25 (e) 114 120,626
Prime Security Services Borrower LLC/Prime Finance, Inc., 9.25%, 05/15/23 (e)(h) 1,808 1,995,580
RBS Global, Inc./Rexnord LLC, 4.88%, 12/15/25 215 215,000
Sotheby’s, 5.25%, 10/01/22 (e) 235 240,287
3,476,352
Diversified Financial Services — 1.1%
Aircastle Ltd.:
6.25%, 12/01/19 (h) 367 390,121
5.13%, 03/15/21 16 16,940
5.50%, 02/15/22 267 287,359
Arrow Global Finance PLC, (3 mo. Euribor + 2.88%), 2.88%, 04/01/25 (d) EUR 100 118,263
Banca IFIS SpA, 4.50%, 10/17/27 (f) 100 121,144
Docuformas SAPI de C.V.,
9.25%, 10/11/22 (e) USD 421 415,738
FBM Finance, Inc., 8.25%, 08/15/21 (e) 130 138,775
General Motors Financial Co., Inc.,
4.38%, 09/25/21 (h) 530 558,183
Intesa Sanpaolo SpA, 5.02%, 06/26/24 (e)(h) 2,442 2,496,642
Intrum Justitia AB, (3 mo. Euribor + 2.63%), 2.63%, 07/15/22 (d) EUR 100 120,667
Jefferies Finance LLC/JFIN Co-Issuer Corp. (e)(h) :
7.38%, 04/01/20 USD 290 297,975
6.88%, 04/15/22 480 487,800
Security Value
Diversified Financial Services (continued)
LHC3 PLC, (4.13% Cash or 4.88% PIK),
4.13%, 08/15/24 (i) EUR 101 $ 123,764
Mercury Bondco PLC, (8.25% Cash or 9.00% PIK), 8.25%, 05/30/21 (i) 200 247,028
Tempo Acquisition LLC/Tempo Acquisition Finance Corp., 6.75%, 06/01/25 (e) USD 504 507,150
UniCredit SpA, (5 year EUR Swap + 4.32%), 4.38%, 01/03/27 (j) EUR 100 130,141
WMG Acquisition Corp., 4.13%, 11/01/24 100 125,357
6,583,047
Diversified Telecommunication Services — 1.4%
CenturyLink, Inc.:
Series P, 7.60%, 09/15/39 USD 26 21,580
Series S, 6.45%, 06/15/21 (h) 588 585,060
Series T, 5.80%, 03/15/22 255 243,844
Series U, 7.65%, 03/15/42 246 206,640
Series W, 6.75%, 12/01/23 245 236,045
Cincinnati Bell, Inc., 7.00%, 07/15/24 (e) 406 393,820
Frontier Communications Corp.:
8.13%, 10/01/18 264 262,020
7.13%, 03/15/19 190 183,588
7.13%, 01/15/23 (h) 210 147,000
7.63%, 04/15/24 (h) 252 177,030
6.88%, 01/15/25 (h) 1,168 800,080
Level 3 Financing, Inc.:
5.38%, 08/15/22 184 185,380
5.63%, 02/01/23 115 116,294
5.13%, 05/01/23 (h) 295 295,000
5.38%, 01/15/24 325 325,812
5.38%, 05/01/25 (h) 303 303,848
5.25%, 03/15/26 (h) 1,614 1,582,729
OTE PLC, 3.50%, 07/09/20 EUR 100 125,459
SoftBank Group Corp.:
, (5 year USD ICE Swap + 4.85%),
6.88% (j)(k) USD 490 496,125
4.75%, 09/19/24 200 198,978
4.75%, 07/30/25 EUR 122 161,602
Telecom Italia Capital SA:
6.38%, 11/15/33 USD 233 269,115
6.00%, 09/30/34 (h) 671 749,004

S CHEDULES OF I NVESTMENTS 9

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Diversified Telecommunication Services (continued)
Telecom Italia Capital SA (continued):
7.20%, 07/18/36 USD 202 $ 250,732
7.72%, 06/04/38 21 27,098
Telecom Italia Finance SA, 7.75%, 01/24/33 EUR 37 68,572
Telecom Italia SpA:
5.88%, 05/19/23 GBP 100 157,143
3.63%, 01/19/24 EUR 100 134,164
Verizon Communications, Inc.,
3.38%, 02/15/25 (e)(h) USD 156 155,862
8,859,624
Electric Utilities — 0.9%
AES Corp., 4.88%, 05/15/23 (h) 240 245,021
Black Hills Corp., 3.15%, 01/15/27 (h) 305 296,545
Celeo Redes Operacion Chile SA,
5.20%, 06/22/47 (e)(h) 1,006 1,018,686
Enel Finance International NV,
3.63%, 05/25/27 (e)(h) 900 885,073
Energuate Trust, 5.88%, 05/03/27 (e) 200 208,250
Exelon Corp., 3.40%, 04/15/26 (h) 140 140,422
NextEra Energy Operating Partners LP,
4.25%, 09/15/24 (e) 177 178,770
Pampa Energia SA, 7.50%, 01/24/27 (e) 290 315,375
Southern Co., 2.95%, 07/01/23 (h) 1,920 1,921,759
Talen Energy Supply LLC, 6.50%, 06/01/25 176 149,160
Texas Competitive Electric Holdings Co. LLC/TCEH Finance,
Inc. (a) :
10.25%, 11/01/15 47 141
10.50%, 11/01/18 31 93
11.50%, 10/01/20 300 —
Viridian Group FinanceCo PLC/Viridian Power and Energy, 4.00%, 09/15/25 EUR 100 119,061
5,478,356
Electrical Equipment — 0.0%
Areva SA, 4.88%, 09/23/24 100 134,248
Electronic Equipment, Instruments & Components — 0.1%
CDW LLC/CDW Finance Corp.:
5.00%, 09/01/23 USD 72 75,240
5.50%, 12/01/24 (h) 453 493,770
Security Value
Electronic Equipment, Instruments & Components (continued)
CDW LLC/CDW Finance Corp. (continued):
5.00%, 09/01/25 USD 107 $ 111,815
SESI LLC, 7.75%, 09/15/24 (e) 208 214,240
895,065
Energy Equipment & Services — 0.6%
Ensco PLC, 5.20%, 03/15/25 40 32,800
Gates Global LLC/Gates Global Co.:
5.75%, 07/15/22 EUR 100 121,678
6.00%, 07/15/22 (e)(h) USD 742 758,918
Genesis Energy LP/Genesis Energy Finance Corp., 5.75%, 02/15/21 30 30,263
Halliburton Co., 3.80%, 11/15/25 (h) 100 103,029
Noble Holding International Ltd.:
4.63%, 03/01/21 12 11,010
7.70%, 04/01/25 122 102,785
Pattern Energy Group, Inc.,
5.88%, 02/01/24 (e) 223 235,822
Pioneer Energy Services Corp., 6.13%, 03/15/22 275 222,750
Precision Drilling Corp.:
6.50%, 12/15/21 68 69,190
5.25%, 11/15/24 134 125,625
Transocean, Inc.:
5.80%, 10/15/22 246 244,155
9.00%, 07/15/23 (e) 636 686,880
6.80%, 03/15/38 134 106,865
Trinidad Drilling Ltd., 6.63%, 02/15/25 (e) 331 316,105
Weatherford International Ltd.:
7.75%, 06/15/21 (h) 465 474,300
8.25%, 06/15/23 210 209,475

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

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Energy Equipment & Services (continued)
Weatherford International Ltd. (continued):
9.88%, 02/15/24 USD 181 $ 189,824
4,041,474
Environmental, Maintenance, & Security Service — 0.1%
Tervita Escrow Corp.,
7.63%, 12/01/21 (e)(h) 642 650,025
Food & Staples Retailing — 0.4%
Albertsons Cos. LLC/Safeway, Inc./New Albertson’s, Inc./Albertson’s LLC:
6.63%, 06/15/24 186 175,770
5.75%, 03/15/25 104 92,529
B&M European Value Retail SA, 4.13%, 02/01/22 GBP 100 139,164
Casino Guichard Perrachon SA:
4.56%, 01/25/23 EUR 100 134,774
4.50%, 03/07/24 200 267,311
CVS Health Corp., 4.75%, 12/01/22 (h) USD 165 177,165
Dollar Tree, Inc.:
5.25%, 03/01/20 58 59,160
5.75%, 03/01/23 (h) 1,321 1,382,096
Lamb Weston Holdings,
Inc., 4.63%, 11/01/24 (e) 17 17,574
Rite Aid Corp., 6.13%, 04/01/23 (e) 254 234,950
2,680,493
Food Products — 0.7%
Acosta, Inc., 7.75%, 10/01/22 (e) 214 155,150
Aramark Services, Inc.:
5.13%, 01/15/24 (h) 433 456,815
5.00%, 04/01/25 (e) 46 48,933
Arcor SAIC, 6.00%, 07/06/23 (e) 180 191,250
B&G Foods, Inc., 5.25%, 04/01/25 129 131,890
Chobani LLC/Chobani Finance Corp.,
Inc., 7.50%, 04/15/25 (e) 316 343,650
JBS USA LLC/JBS USA Finance, Inc. (e) :
5.88%, 07/15/24 186 183,210
5.75%, 06/15/25 610 595,512
MARB BondCo PLC, 7.00%, 03/15/24 200 203,500
Marfrig Holdings Europe
BV, 8.00%, 06/08/23 (e)(h) 200 210,500
Security Value
Food Products (continued)
Minerva Luxembourg SA, 6.50%, 09/20/26 (e) USD 200 $ 207,294
Pilgrim’s Pride Corp. (e) :
5.75%, 03/15/25 174 182,613
5.88%, 09/30/27 148 154,475
Post Holdings, Inc. (e) :
5.50%, 03/01/25 242 251,377
5.00%, 08/15/26 305 302,331
5.75%, 03/01/27 370 377,511
5.63%, 01/15/28 (g) 164 165,230
TreeHouse Foods, Inc., 6.00%, 02/15/24 (e)(h) 383 400,714
4,561,955
Health Care Equipment & Supplies — 0.9%
Avantor, Inc.:
4.75%, 10/01/24 EUR 100 120,567
6.00%, 10/01/24 (e)(h) USD 1,571 1,571,982
9.00%, 10/01/25 (e) 398 391,035
Crimson Merger Sub, Inc.,
6.63%, 05/15/22 (e)(h) 1,126 1,114,740
DJO Finco, Inc./DJO Finance LLC/DJO Finance Corp., 8.13%, 06/15/21 (e)(h) 1,093 1,034,934
Mallinckrodt International Finance SA/Mallinckrodt CB
LLC (e) :
4.88%, 04/15/20 (h) 284 274,060
5.75%, 08/01/22 402 370,845
5.63%, 10/15/23 162 142,155
5.50%, 04/15/25 57 48,023
Teleflex, Inc.:
5.25%, 06/15/24 250 262,500
4.88%, 06/01/26 56 58,010
Thermo Fisher Scientific,
Inc., 3.00%, 04/15/23 (h) 305 306,112
5,694,963
Health Care Providers & Services — 2.7%
Acadia Healthcare Co., Inc.:
5.13%, 07/01/22 85 84,906
5.63%, 02/15/23 90 90,450
6.50%, 03/01/24 196 202,370
Aetna, Inc., 2.80%, 06/15/23 (h) 340 334,654
Amsurg Corp., 5.63%, 07/15/22 (h) 675 688,500

S CHEDULES OF I NVESTMENTS 11

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Health Care Providers & Services (continued)
Centene Corp.:
5.63%, 02/15/21 USD 359 $ 370,667
4.75%, 05/15/22 (h) 314 325,935
6.13%, 02/15/24 37 39,590
4.75%, 01/15/25 430 441,094
CHS/Community Health Systems, Inc.:
8.00%, 11/15/19 154 138,023
7.13%, 07/15/20 (h) 169 131,820
5.13%, 08/01/21 352 330,000
6.25%, 03/31/23 64 59,840
DaVita, Inc., 5.13%, 07/15/24 (h) 235 239,112
Eagle Holding Co. II LLC, (7.63% Cash or 8.38% PIK), 7.63%, 05/15/22 (e)(i) 258 261,870
Envision Healthcare Corp. (e) :
5.13%, 07/01/22 73 71,631
6.25%, 12/01/24 225 237,094
HCA, Inc.:
6.50%, 02/15/20 (h) 911 978,186
7.50%, 02/15/22 (h) 342 385,605
5.88%, 03/15/22 (h) 57 61,774
4.75%, 05/01/23 38 39,663
5.88%, 05/01/23 70 74,200
5.00%, 03/15/24 (h) 1,180 1,239,000
5.38%, 02/01/25 (h) 647 671,262
5.25%, 04/15/25 (h) 1,053 1,121,445
5.88%, 02/15/26 (h) 336 357,420
5.25%, 06/15/26 (h) 143 151,848
4.50%, 02/15/27 86 87,204
5.50%, 06/15/47 (h) 913 924,412
HealthSouth Corp., 5.75%, 11/01/24 (h) 80 81,900
Hologic, Inc., 2.00%, 03/01/42 (l) 274 375,380
MEDNAX, Inc., 5.25%, 12/01/23 (e)(h) 123 126,075
Molina Healthcare, Inc.,
4.88%, 06/15/25 (e) 108 108,000
MPH Acquisition Holdings LLC,
7.13%, 06/01/24 (e)(h) 498 534,727
Polaris Intermediate Corp., (8.50% Cash)
12/01/22 (e)(h)(i) 592 615,917
RegionalCare Hospital Partners Holdings, Inc., 8.25%, 05/01/23 (e) 137 140,083
Sterigenics-Nordion Holdings LLC,
6.50%, 05/15/23 (e) 104 109,200
Security Value
Health Care Providers & Services (continued)
Surgery Center Holdings, Inc. (e):
8.88%, 04/15/21 USD 139 $ 140,043
6.75%, 07/01/25 (h) 272 247,520
Tenet Healthcare Corp.:
6.00%, 10/01/20 (h) 761 799,050
7.50%, 01/01/22 (e) 148 156,140
8.13%, 04/01/22 388 384,120
6.75%, 06/15/23 (h) 540 504,889
4.63%, 07/15/24 (e) 185 182,225
THC Escrow Corp. III (e) :
5.13%, 05/01/25 161 154,963
7.00%, 08/01/25 415 376,612
UnitedHealth Group, Inc.,
3.75%, 07/15/25 (h) 1,470 1,542,120
Vizient, Inc., 10.38%, 03/01/24 (e) 322 363,860
WellCare Health Plans, Inc., 5.25%, 04/01/25 85 89,994
17,172,393
Health Care Technology — 0.0%
Quintiles IMS, Inc., 3.25%, 03/15/25 (e) EUR 100 122,832
Hotels, Restaurants & Leisure — 4.6%
Arcos Dorados Holdings, Inc., 5.88%,
04/04/27 (e) USD 203 215,355
Burger King France SAS, (3 mo. Euribor + 5.25%), 5.25%, 05/01/23 (d) EUR 100 122,003
Caesars Entertainment Resort Properties LLC/Caesars Entertainment Resort Property, 8.00%, 10/01/20 (h) USD 2,090 2,137,025
Cirsa Funding Luxembourg SA, 5.88%, 05/15/23 EUR 100 124,976
Codere Finance 2 Luxembourg SA, 6.75%, 11/01/21 100 125,846
CPUK Finance Ltd., 4.25%, 02/28/47 GBP 100 137,738
CRC Escrow Issuer LLC/CRC Finco,
Inc., 5.25%, 10/15/25 (e) USD 627 627,784
Eldorado Resorts, Inc., 6.00%, 04/01/25 105 110,544
ESH Hospitality, Inc.,
5.25%, 05/01/25 (e)(h) 275 279,812

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

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Hotels, Restaurants & Leisure (continued)
GLP Capital LP/GLP Financing II, Inc.:
5.38%, 11/01/23 USD 126 $ 135,608
5.38%, 04/15/26 95 102,540
Golden Nugget, Inc., 6.75%, 10/15/24 (e) 49 50,041
International Game Technology PLC, 4.75%, 02/15/23 EUR 125 169,380
Jacobs Entertainment, Inc.,
7.88%, 02/01/24 (e) USD 89 95,675
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell of America
LLC (e) :
5.00%, 06/01/24 35 36,663
5.25%, 06/01/26 292 308,790
McDonald’s Corp., 3.70%, 01/30/26 (h) 405 421,025
Melco Resorts Finance Ltd.,
4.88%, 06/06/25 (e) 375 377,732
MGM Resorts International:
5.25%, 03/31/20 (h) 442 465,205
6.75%, 10/01/20 (h) 325 355,368
6.63%, 12/15/21 (h) 863 960,079
7.75%, 03/15/22 149 172,885
New Red Finance, Inc. (e) :
4.25%, 05/15/24 245 245,368
5.00%, 10/15/25 (h) 1,764 1,806,997
RHP Hotel Properties LP/RHP Finance Corp.,
5.00%, 04/15/21 (h) 630 641,025
Sabre GLBL, Inc. (e) :
5.38%, 04/15/23 147 152,880
5.25%, 11/15/23 180 186,750
Scientific Games International, Inc.:
7.00%, 01/01/22 (e)(h) 1,561 1,646,855
10.00%, 12/01/22 (h) 988 1,088,035
5.00%, 10/15/25 (e) 241 243,711
Six Flags Entertainment Corp. (e)(h) :
4.88%, 07/31/24 795 808,912
5.50%, 04/15/27 266 275,310
Spirit Issuer PLC:
Series A1, (3 mo. LIBOR GBP + 0.55%), 0.88%, 12/28/28 (d) GBP 445 601,273
Series A2, (3 mo. LIBOR GBP + 2.70%), 3.03%, 12/28/31 (d) 1,800 2,349,214
Series A5, 5.47%, 12/28/28 4,500 6,694,674
Security Value
Hotels, Restaurants & Leisure (continued)
Spirit Issuer PLC (continued):
Series A6, (3 mo. LIBOR GBP + 1.80%), 2.13%, 12/28/36 (d) GBP 2,670 $ 3,610,548
Station Casinos LLC, 5.00%, 10/01/25 (e) USD 303 302,888
Unique Pub Finance Co. PLC, Series A4, 5.66%, 06/30/27 GBP 63 95,836
Wyndham Worldwide Corp.,
4.15%, 04/01/24 (h) USD 750 753,559
Yum! Brands, Inc., 3.88%, 11/01/23 98 98,735
29,134,644
Household Durables — 0.7%
Berkline/Benchcraft
LLC, 4.50%, 06/01/18 (a)(b)(c) 200 —
Brookfield Residential Properties, Inc./Brookfield Residential US Corp., 6.13%, 07/01/22 (e) 259 270,409
CalAtlantic Group, Inc.:
8.38%, 01/15/21 134 154,937
6.25%, 12/15/21 (h) 380 418,000
5.38%, 10/01/22 6 6,480
5.25%, 06/01/26 28 29,400
K Hovnanian Enterprises, Inc. (e) :
10.00%, 07/15/22 92 100,280
10.50%, 07/15/24 92 101,890
Lennar Corp.:
4.50%, 11/15/19 370 379,712
2.95%, 11/29/20 (e) 99 98,381
4.75%, 04/01/21 26 27,235
4.13%, 01/15/22 118 120,655
4.75%, 11/15/22 151 159,494
4.88%, 12/15/23 122 128,100
4.75%, 05/30/25 260 268,450
4.75%, 11/29/27 (e) 360 368,100
Mattamy Group Corp. (e) :
6.88%, 12/15/23 143 150,157
6.50%, 10/01/25 176 184,360
MDC Holdings, Inc., 6.00%, 01/15/43 210 207,375
Meritage Homes Corp., 5.13%, 06/06/27 104 105,201
PulteGroup, Inc., 6.38%, 05/15/33 (h) 469 525,280
Tempur Sealy International, Inc.,
5.50%, 06/15/26 (h) 180 184,275

S CHEDULES OF I NVESTMENTS 13

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Household Durables (continued)
TRI Pointe Group, Inc./TRI Pointe Homes, Inc.:
4.38%, 06/15/19 USD 110 $ 112,200
4.88%, 07/01/21 112 117,320
5.88%, 06/15/24 (h) 248 267,146
5.25%, 06/01/27 18 18,381
William Lyon Homes, Inc., 5.88%, 01/31/25 95 97,138
4,600,356
Household Products — 0.2%
ACCO Brands Corp., 5.25%, 12/15/24 (e) 85 88,506
Diamond BC BV, 5.63%, 08/15/25 EUR 106 128,361
Prestige Brands, Inc., 6.38%, 03/01/24 (e) USD 150 156,375
Spectrum Brands, Inc., 6.63%, 11/15/22 (h) 815 845,563
1,218,805
Independent Power and Renewable Electricity Producers — 0.8%
AES Corp., 5.50%, 03/15/24 8 8,380
Calpine Corp.:
5.88%, 01/15/24 (e) 286 295,295
5.50%, 02/01/24 164 158,465
5.25%, 06/01/26 (e) 442 446,972
Colbun SA, 3.95%, 10/11/27 (e) 200 200,375
Dynegy, Inc.:
7.38%, 11/01/22 324 346,275
5.88%, 06/01/23 35 36,138
8.00%, 01/15/25 (e) 214 235,400
8.13%, 01/30/26 (e) 171 190,237
Genneia SA, 8.75%, 01/20/22 (e) 293 321,195
NRG Energy, Inc.:
6.63%, 03/15/23 211 218,828
6.63%, 01/15/27 697 751,017
5.75%, 01/15/28 468 468,000
NRG Yield Operating LLC, 5.38%, 08/15/24 (h) 325 337,187
QEP Resources, Inc., 5.38%, 10/01/22 (h) 109 111,589
Security Value
Independent Power and Renewable Electricity Producers (continued)
TerraForm Power Operating LLC (e) :
4.25%, 01/31/23 (g) USD 181 $ 181,453
6.38%, 02/01/23 (l) 188 198,152
6.63%, 06/15/25 (l) 30 32,888
5.00%, 01/31/28 (g) 181 181,679
4,719,525
Industrial Conglomerates — 0.1%
Vertiv Group Corp., 9.25%, 10/15/24 (e) 550 597,437
Insurance — 1.8%
Acrisure LLC/Acrisure Finance, Inc., 7.00%,
11/15/25 (e) 225 221,906
Allied World Assurance Co. Holdings Ltd., 4.35%,
10/29/25 (h) 360 364,031
American International Group, Inc., 3.75%,
07/10/25 (h) 2,705 2,772,691
Aon PLC, 3.88%, 12/15/25 (h) 1,115 1,163,410
Ardonagh Midco 3 PLC:
8.38%, 07/15/23 GBP 100 139,297
8.63%, 07/15/23 (e) USD 436 454,478
Assicurazioni Generali SpA (j) :
, (3 mo. Euribor + 7.11%), 7.75%, 12/12/42 EUR 100 153,840
, (3 mo. Euribor + 5.35%), 5.50%, 10/27/47 100 143,366
AssuredPartners, Inc., 7.00%, 08/15/25 (e) USD 53 53,398
Forethought Financial Group, Inc., 8.63%,
04/15/21 (e)(h) 750 875,152
Groupama SA, 6.00%, 01/23/27 EUR 100 149,971
HUB International Ltd., 7.88%, 10/01/21 (e)(h) USD 948 985,920
Lincoln National Corp., 3.35%, 03/09/25 (h) 845 846,744
Muenchener Rueckversicherungs AG, (3 mo. Euribor + 3.50%), 6.00%, 05/26/41 (j) EUR 400 565,359
Nationwide Building Society, 4.13%,
10/18/32 (e)(f) USD 595 594,406
Old Mutual PLC, 8.00%, 06/03/21 GBP 100 156,666

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

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Insurance (continued)
Radian Group, Inc.:
5.25%, 06/15/20 USD 53 $ 55,915
4.50%, 10/01/24 353 362,813
USIS Merger Sub, Inc., 6.88%, 05/01/25 (e) 63 63,788
Wayne Merger Sub LLC, 8.25%, 08/01/23 (e)(h) 845 885,137
11,008,288
Internet Software & Services — 0.4%
Equinix, Inc., 5.88%, 01/15/26 (h) 623 675,955
Match Group, Inc., 5.00%, 12/15/27 (e)(g) 94 94,705
Netflix, Inc.:
4.38%, 11/15/26 543 532,819
3.63%, 05/15/27 EUR 100 119,620
4.88%, 04/15/28 (e) USD 478 472,622
Symantec Corp., 5.00%, 04/15/25 (e) 158 165,821
United Group BV, 4.38%, 07/01/22 EUR 126 156,345
2,217,887
IT Services — 0.7%
Ceridian HCM Holding, Inc., 11.00%,
03/15/21 (e)(h) USD 404 425,210
First Data Corp. (e) :
7.00%, 12/01/23 (h) 1,190 1,261,400
5.00%, 01/15/24 180 186,300
5.75%, 01/15/24 (h) 2,100 2,178,750
Gartner, Inc., 5.13%, 04/01/25 (e) 174 181,830
WEX, Inc., 4.75%, 02/01/23 (e) 431 440,697
4,674,187
Machinery — 0.2%
SPX FLOW, Inc. (e) :
5.63%, 08/15/24 292 307,330
5.88%, 08/15/26 139 147,340
Terex Corp., 5.63%, 02/01/25 (e)(h) 354 373,691
Wabash National Corp., 5.50%, 10/01/25 (e) 241 242,808
1,071,169
Security Value
Media — 6.4%
Altice Financing SA (e) :
6.63%, 02/15/23 USD 365 $ 374,125
7.50%, 05/15/26 (h) 1,084 1,132,780
Altice Luxembourg SA:
7.75%, 05/15/22 (e)(h) 665 633,412
6.25%, 02/15/25 EUR 100 111,876
Altice US Finance I Corp. (e) :
5.38%, 07/15/23 (h) USD 1,346 1,369,555
5.50%, 05/15/26 200 202,500
AMC Networks, Inc.:
5.00%, 04/01/24 (h) 318 321,975
4.75%, 08/01/25 196 194,530
Cablevision SA, 6.50%, 06/15/21 (e) 176 186,796
Cablevision Systems Corp.:
7.75%, 04/15/18 (h) 464 472,120
8.00%, 04/15/20 125 133,750
CBS Radio, Inc., 7.25%, 11/01/24 (e) 79 83,148
CCO Holdings LLC/CCO Holdings Capital Corp.:
5.13%, 02/15/23 (h) 270 276,750
4.00%, 03/01/23 (e) 662 661,586
5.13%, 05/01/23 (e)(h) 375 388,125
5.13%, 05/01/27 (e)(h) 2,245 2,223,953
5.00%, 02/01/28 (e) 780 764,400
Cequel Communications Holdings I LLC/Cequel Capital
Corp. (e) :
6.38%, 09/15/20 105 106,444
5.13%, 12/15/21 187 187,701
5.13%, 12/15/21 (h) 640 640,397
7.75%, 07/15/25 (h) 1,276 1,358,940
Charter Communications Operating LLC/Charter Communications Operating Capital, 4.91%, 07/23/25 (h) 2,425 2,561,835
Clear Channel International BV, 8.75%,
12/15/20 (e)(h) 560 578,200
Clear Channel Worldwide Holdings, Inc. (h) :
6.50%, 11/15/22 2,817 2,848,781
Series B, 7.63%, 03/15/20 1,199 1,187,010
CSC Holdings LLC (h) :
10.13%, 01/15/23 (e) 1,210 1,365,787
5.25%, 06/01/24 550 536,078

S CHEDULES OF I NVESTMENTS 15

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Media (continued)
CSC Holdings LLC (h) (continued):
6.63%, 10/15/25 (e) USD 235 $ 253,213
10.88%, 10/15/25 (e) 1,550 1,831,906
Discovery Communications LLC (h) :
3.25%, 04/01/23 1,490 1,480,075
3.45%, 03/15/25 170 166,556
DISH DBS Corp.:
5.88%, 07/15/22 (h) 570 586,387
5.00%, 03/15/23 358 349,497
5.88%, 11/15/24 103 103,773
7.75%, 07/01/26 (h) 867 935,276
DISH Network Corp., 3.38%, 08/15/26 (m) 394 439,064
eircom Finance DAC, 4.50%, 05/31/22 EUR 100 123,453
GTT Communications, Inc., 7.88%, 12/31/24 (e) USD 224 236,150
Hughes Satellite Systems Corp.:
7.63%, 06/15/21 93 102,881
5.25%, 08/01/26 (h) 413 419,220
6.63%, 08/01/26 233 243,776
iHeartCommunications, Inc.:
9.00%, 12/15/19 380 282,150
9.00%, 09/15/22 755 545,487
10.63%, 03/15/23 84 59,850
Intelsat Jackson Holdings SA:
7.25%, 10/15/20 296 279,720
5.50%, 08/01/23 (h) 489 400,369
9.75%, 07/15/25 (e) 408 395,250
LG Finance Co. Corp., 5.88%, 11/01/24 (e) 85 89,781
McGraw-Hill Global Education Holdings LLC/McGraw-Hill Global Education Finance, 7.88%, 05/15/24 (e) 91 90,773
MDC Partners, Inc., 6.50%, 05/01/24 (e) 341 342,705
Midcontinent Communications/Midcontinent Finance Corp., 6.88%, 08/15/23 (e) 233 247,563
Numericable Group SA, 5.38%, 05/15/22 EUR 110 133,324
Outfront Media Capital LLC/Outfront Media Capital Corp., 5.25%, 02/15/22 USD 300 308,436
Security Value
Media (continued)
SFR Group SA (e) :
6.00%, 05/15/22 (h) USD 370 $ 373,008
6.25%, 05/15/24 420 412,650
7.38%, 05/01/26 (h) 1,482 1,492,937
Sirius XM Radio, Inc., 5.00%, 08/01/27 (e) 85 85,956
Sterling Entertainment Corp., 9.75%,
12/15/19 (a) 1,175 1,163,250
TEGNA, Inc.:
5.13%, 10/15/19 105 106,444
5.50%, 09/15/24 (e) 66 68,723
Telenet Finance Luxembourg Notes Sarl, 5.50%,
03/01/28 (e) 200 200,000
Telesat Canada/Telesat LLC, 8.88%,
11/15/24 (e) 241 269,317
Tribune Media Co., 5.88%, 07/15/22 (h) 269 274,380
Unitymedia Hessen GmbH & Co. KG/Unitymedia NRW GmbH:
5.63%, 04/15/23 EUR 70 86,920
4.00%, 01/15/25 136 171,246
5.00%, 01/15/25 (e) USD 200 206,750
Univision Communications, Inc. (e) :
5.13%, 05/15/23 (h) 336 336,000
5.13%, 02/15/25 245 238,569
UPCB Finance IV Ltd., 4.00%, 01/15/27 EUR 100 127,296
Videotron Ltd., 5.13%, 04/15/27 (e) USD 326 341,485
Virgin Media Finance PLC, 5.75%,
01/15/25 (e)(h) 655 669,737
Virgin Media Receivables Financing Notes I DAC, 5.50%, 09/15/24 GBP 100 138,115
Virgin Media Secured Finance PLC:
5.13%, 01/15/25 100 141,495
5.50%, 01/15/25 180 253,230
5.25%, 01/15/26 (e)(h) USD 355 366,094
5.50%, 08/15/26 (e)(h) 200 208,840
WaveDivision Escrow LLC/WaveDivision Escrow Corp., 8.13%, 09/01/20 (e) 790 803,825
Ziggo Bond Finance BV:
4.63%, 01/15/25 EUR 137 170,904
5.88%, 01/15/25 (e)(h) USD 470 470,000
40,526,360

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

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Metals & Mining — 3.4%
Big River Steel LLC/BRS Finance Corp., 7.25%,
09/01/25 (e) USD 175 $ 185,938
CONSOL Mining Corp., 11.00%, 11/15/25 (e) 474 476,370
Constellium NV (e) :
5.75%, 05/15/24 500 516,250
6.63%, 03/01/25 (h) 523 555,687
5.88%, 02/15/26 250 259,088
First Quantum Minerals Ltd. (e)(h) :
7.00%, 02/15/21 299 310,213
7.25%, 05/15/22 356 369,350
FMG Resources August 2006 Property Ltd., 9.75%,
03/01/22 (e) 189 210,263
Freeport-McMoRan, Inc.:
2.38%, 03/15/18 2,133 2,130,334
3.10%, 03/15/20 1,537 1,538,921
4.00%, 11/14/21 240 241,320
3.55%, 03/01/22 353 348,146
3.88%, 03/15/23 1,840 1,819,024
5.40%, 11/14/34 126 122,535
5.45%, 03/15/43 1,153 1,092,122
Grinding Media, Inc./Moly-Cop AltaSteel Ltd., 7.38%, 12/15/23 (e) 479 514,925
Joseph T Ryerson & Son, Inc.,
11.00%, 05/15/22 (e) 172 193,844
Kaiser Aluminum Corp., 5.88%, 05/15/24 112 120,120
Kinross Gold Corp.:
4.50%, 07/15/27 (e) 122 122,915
6.88%, 09/01/41 65 73,856
Novelis Corp. (e)(h) :
6.25%, 08/15/24 1,593 1,676,632
5.88%, 09/30/26 1,254 1,299,457
Nyrstar Netherlands Holdings BV, 6.88%, 03/15/24 EUR 100 126,202
Ovako AB, 5.00%, 10/05/22 100 121,328
Steel Dynamics, Inc.:
5.13%, 10/01/21 (h) USD 645 661,931
5.25%, 04/15/23 (h) 200 206,060
5.50%, 10/01/24 56 59,606
4.13%, 09/15/25 (e) 195 195,488
5.00%, 12/15/26 15 15,853
Security Value
Metals & Mining (continued)
SunCoke Energy Partners LP/SunCoke Energy Partners Finance Corp., 7.50%, 06/15/25 (e) USD 225 $ 237,094
Teck Resources Ltd.:
4.50%, 01/15/21 86 88,903
3.75%, 02/01/23 (h) 1,709 1,726,090
8.50%, 06/01/24 (e)(h) 1,191 1,351,785
6.13%, 10/01/35 91 102,375
6.00%, 08/15/40 (h) 444 492,840
5.20%, 03/01/42 (h) 623 616,770
5.40%, 02/01/43 279 280,395
thyssenKrupp AG, 1.38%, 03/03/22 EUR 75 90,779
United States Steel Corp.:
8.38%, 07/01/21 (e) USD 320 349,600
6.88%, 08/15/25 176 182,125
Vale Overseas Ltd., 6.25%, 08/10/26 188 218,059
VM Holdings SA, 5.38%, 05/04/27 (e) 237 250,035
21,550,628
Multi-Utilities — 0.4%
Brooklyn Union Gas Co., 3.41%, 03/10/26 (e)(h) 1,475 1,505,099
NGL Energy Partners LP/NGL Energy Finance Corp.:
5.13%, 07/15/19 120 121,200
6.88%, 10/15/21 539 547,085
2,173,384
Multiline Retail — 0.0%
Neiman Marcus Group Ltd., 8.00%,
10/15/21 (e)(h) 332 189,240
Offshore Drilling & Other Services — 0.0%
Entegris, Inc., 4.63%, 02/10/26 (e) 190 193,562
Oil, Gas & Consumable Fuels — 6.1%
Alta Mesa Holdings LP/Alta Mesa Finance Services Corp., 7.88%, 12/15/24 117 128,993
Andeavor Logistics LP, Series A, 6.88% (f)(g)(k) 324 327,985
Andeavor Logistics LP/Tesoro Logistics Finance Corp.:
6.13%, 10/15/21 39 40,195
6.25%, 10/15/22 70 74,361

S CHEDULES OF I NVESTMENTS 17

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Oil, Gas & Consumable Fuels (continued)
Andeavor Logistics LP/Tesoro Logistics Finance Corp. (continued):
4.25%, 12/01/27 USD 185 $ 184,901
Antero Midstream Partners LP/Antero Midstream Finance Corp., 5.38%, 09/15/24 55 56,788
Antero Resources Corp.:
5.13%, 12/01/22 76 77,900
5.63%, 06/01/23 74 77,145
Ascent Resources Utica Holdings LLC/ARU Finance Corp., 10.00%, 04/01/22 (e) 207 225,112
California Resources Corp., 8.00%,
12/15/22 (e)(h) 153 113,220
Callon Petroleum Co., 6.13%, 10/01/24 300 309,000
Carrizo Oil & Gas, Inc.:
6.25%, 04/15/23 98 100,328
8.25%, 07/15/25 127 137,795
Cheniere Corpus Christi Holdings LLC:
7.00%, 06/30/24 (h) 773 877,355
5.88%, 03/31/25 352 381,480
5.13%, 06/30/27 (e) 622 641,437
Cheniere Energy Partners LP, 5.25%,
10/01/25 (e) 170 174,462
Chesapeake Energy Corp. (e) :
8.00%, 12/15/22 (h) 683 729,102
8.00%, 01/15/25 148 147,260
8.00%, 06/15/27 (h) 765 732,717
Cia Latinoamericana de Infraestructura & Servicios SA, 9.50%, 07/20/23 (e) 341 365,722
Citgo Holding, Inc., 10.75%, 02/15/20 (e) 135 142,762
ConocoPhillips Co., 4.20%, 03/15/21 (h) 232 244,655
CONSOL Energy, Inc.:
5.88%, 04/15/22 (h) 3,845 3,931,512
8.00%, 04/01/23 19 20,283
Continental Resources, Inc.:
3.80%, 06/01/24 (h) 275 270,875
4.90%, 06/01/44 164 155,800
Covey Park Energy LLC/Covey Park Finance Corp., 7.50%,
05/15/25 (e) 320 334,400
Security Value
Oil, Gas & Consumable Fuels (continued)
Crestwood Midstream Partners LP/Crestwood Midstream Finance Corp., 6.25%, 04/01/23 USD 35 $ 36,225
CrownRock LP/CrownRock Finance, Inc., 5.63%,
10/15/25 (e) 509 511,545
DCP Midstream LLC (e) :
4.75%, 09/30/21 80 82,200
6.45%, 11/03/36 197 210,790
6.75%, 09/15/37 237 253,590
DEA Finance SA, 7.50%, 10/15/22 EUR 100 132,638
Denbury Resources, Inc.:
5.50%, 05/01/22 USD 238 154,700
4.63%, 07/15/23 62 37,510
Diamond Offshore Drilling, Inc., 7.88%, 08/15/25 92 95,910
Diamondback Energy, Inc., 5.38%, 05/31/25 203 209,535
Eclipse Resources Corp., 8.88%, 07/15/23 70 71,575
Endeavor Energy Resources LP/EER
Finance, Inc. (e)(g) :
5.50%, 01/30/26 123 124,538
5.75%, 01/30/28 224 226,520
Energy Transfer Equity LP:
7.50%, 10/15/20 (h) 703 780,330
4.25%, 03/15/23 177 178,327
5.88%, 01/15/24 (h) 352 377,520
5.50%, 06/01/27 (h) 362 377,385
Ensco Jersey Finance Ltd., 3.00%,
01/31/24 (e)(m) 247 205,627
EP Energy LLC/Everest Acquisition Finance, Inc.:
9.38%, 05/01/20 334 247,160
8.00%, 11/29/24 (e)(h) 269 269,000
Extraction Oil & Gas Holdings LLC/Extraction Finance Corp., 7.88%, 07/15/21 (e) 338 357,435
Extraction Oil & Gas, Inc., 7.38%,
05/15/24 (e) 188 200,220
Genesis Energy LP/Genesis Energy Finance Corp., 6.50%, 10/01/25 145 148,987
Geopark Ltd., 6.50%, 09/21/24 (e) 200 204,710

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

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Oil, Gas & Consumable Fuels (continued)
Great Western Petroleum LLC/Great Western Finance, Inc., 9.00%, 09/30/21 (e)(h) USD 828 $ 854,910
Gulfport Energy Corp.:
6.63%, 05/01/23 190 194,275
6.00%, 10/15/24 26 26,098
6.38%, 05/15/25 117 117,878
6.38%, 01/15/26 (e) 230 231,150
Halcon Resources Corp., 6.75%, 02/15/25 (e) 405 411,075
Hess Corp., 4.30%, 04/01/27 50 49,793
Hess Infrastructure Partners LP/Hess Infrastructure Partners Finance Corp., 5.63%, 02/15/26 (e) 421 432,051
Matador Resources Co., 6.88%, 04/15/23 (h) 838 884,090
MEG Energy Corp. (e) :
6.38%, 01/30/23 30 27,488
7.00%, 03/31/24 (h) 670 603,000
6.50%, 01/15/25 (h) 1,136 1,113,280
Murphy Oil Corp.:
6.88%, 08/15/24 (h) 260 279,825
5.88%, 12/01/42 67 65,995
Nabors Industries, Inc., 0.75%, 01/15/24 (e)(m) 399 296,257
Newfield Exploration Co., 5.63%, 07/01/24 111 119,880
NGPL PipeCo LLC (e) :
4.38%, 08/15/22 378 387,450
4.88%, 08/15/27 181 187,909
7.77%, 12/15/37 (h) 475 586,625
Noble Holding International Ltd., 7.75%, 01/15/24 229 198,085
Oasis Petroleum, Inc.:
6.50%, 11/01/21 54 54,675
6.88%, 03/15/22 10 10,188
6.88%, 01/15/23 50 50,938
2.63%, 09/15/23 (m) 220 251,075
Odebrecht Offshore Drilling Finance Ltd., 6.75%,
10/01/23 (b)(c)(e) 350 122,423
ONEOK, Inc., 6.00%, 06/15/35 35 39,471
Paramount Resources Ltd., 6.88%, 06/30/23 (e) 335 356,356
Security Value
Oil, Gas & Consumable Fuels (continued)
Parker Drilling Co., 7.50%, 08/01/20 USD 123 $ 112,545
Parsley Energy LLC/Parsley Finance Corp. (e) :
6.25%, 06/01/24 73 77,198
5.38%, 01/15/25 316 319,950
5.25%, 08/15/25 77 77,385
5.63%, 10/15/27 249 254,446
PBF Holding Co. LLC/PBF Finance Corp., 7.25%,
06/15/25 (e) 212 223,130
PDC Energy, Inc., 5.75%, 05/15/26 (e) 175 181,125
Petrobras Global Finance BV:
6.13%, 01/17/22 335 356,775
8.75%, 05/23/26 176 210,100
6.00%, 01/27/28 (e) 189 190,134
Petroleos Mexicanos (e) :
5.38%, 03/13/22 39 41,691
6.50%, 03/13/27 117 129,022
Precision Drilling Corp.:
7.75%, 12/15/23 75 77,438
7.13%, 01/15/26 (e) 114 114,856
QEP Resources, Inc., 5.25%, 05/01/23 42 42,525
Range Resources Corp.:
5.88%, 07/01/22 (h) 250 256,875
5.00%, 03/15/23 326 322,740
4.88%, 05/15/25 80 78,000
Resolute Energy Corp., 8.50%, 05/01/20 412 418,695
Rockies Express Pipeline LLC (e) :
6.85%, 07/15/18 183 186,431
6.00%, 01/15/19 20 20,644
5.63%, 04/15/20 (h) 550 576,125
6.88%, 04/15/40 (h) 440 495,550
Rowan Cos., Inc.:
4.88%, 06/01/22 70 66,828
4.75%, 01/15/24 44 39,160
7.38%, 06/15/25 (h) 664 667,320
RSP Permian, Inc.:
6.63%, 10/01/22 291 306,277
5.25%, 01/15/25 151 154,020
Sanchez Energy Corp.:
7.75%, 06/15/21 50 47,375
6.13%, 01/15/23 (h) 1,210 1,020,937
SESI LLC, 7.13%, 12/15/21 85 86,806

S CHEDULES OF I NVESTMENTS 19

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Oil, Gas & Consumable Fuels (continued)
Seven Generations Energy Ltd., 5.38%,
09/30/25 (e) USD 560 $ 562,800
SM Energy Co.:
6.50%, 11/15/21 100 100,750
6.50%, 01/01/23 60 60,600
5.63%, 06/01/25 (h) 443 426,387
6.75%, 09/15/26 118 119,328
Southwestern Energy Co.:
6.70%, 01/23/25 40 41,600
7.50%, 04/01/26 172 184,040
7.75%, 10/01/27 223 238,610
Sunoco Logistics Partners Operations LP, 3.90%,
07/15/26 (h) 235 230,485
Tallgrass Energy Partners LP/Tallgrass Energy Finance
Corp. (e) :
5.50%, 09/15/24 (h) 414 429,525
5.50%, 01/15/28 312 321,360
Targa Resources Partners LP/Targa Resources Partners Finance Corp.:
5.25%, 05/01/23 15 15,375
5.13%, 02/01/25 114 116,565
5.38%, 02/01/27 79 80,975
5.00%, 01/15/28 (e) 396 393,030
Tesoro Logistics LP/Tesoro Logistics Finance Corp., 5.88%, 10/01/20 (h) 138 140,208
Transocean, Inc., 7.50%, 01/15/26 (e) 265 272,287
Weatherford International LLC, 6.80%, 06/15/37 27 21,735
Weatherford International Ltd.:
6.50%, 08/01/36 208 166,400
7.00%, 03/15/38 8 6,660
5.95%, 04/15/42 310 236,375
Whiting Petroleum Corp., 5.00%, 03/15/19 (h) 862 868,465
WildHorse Resource Development Corp., 6.88%, 02/01/25 136 138,735
Williams Cos., Inc.:
4.55%, 06/24/24 67 69,429
5.75%, 06/24/44 (h) 819 863,021
WPX Energy, Inc.:
7.50%, 08/01/20 47 50,995
6.00%, 01/15/22 221 227,630
Security Value
Oil, Gas & Consumable Fuels (continued)
WPX Energy, Inc. (continued):
8.25%, 08/01/23 USD 32 $ 36,120
5.25%, 09/15/24 158 155,235
YPF SA, 8.50%, 07/28/25 293 342,517
38,519,107
Paper & Forest Products — 0.0%
Norbord, Inc., 6.25%, 04/15/23 (e) 168 182,700
Pharmaceuticals — 2.0%
AbbVie, Inc., 3.60%, 05/14/25 (h) 695 710,115
Actavis Funding SCS, 3.45%, 03/15/22 (h) 2,460 2,501,864
Endo DAC/Endo Finance LLC/Endo Finco, Inc.,
5.88%, 10/15/24 (e) 205 207,050
Endo Finance LLC/Endo Finco, Inc. (e) :
7.25%, 01/15/22 121 105,270
5.38%, 01/15/23 65 50,700
6.00%, 07/15/23 (h) 233 182,323
Ephios Bondco PLC, 6.25%, 07/01/22 EUR 100 126,166
inVentiv Group Holdings, Inc./inVentiv Health, Inc./inVentiv Health Clinical, Inc., 7.50%, 10/01/24 (e) USD 191 209,622
Jaguar Holding Co. II/Pharmaceutical Product Development LLC, 6.38%, 08/01/23 (e)(h) 1,179 1,214,370
Nidda Healthcare Holding AG, 3.50%, 09/30/24 EUR 100 121,405
Shire Acquisitions Investments Ireland DAC, 2.88%,
09/23/23 (h) USD 1,500 1,467,735
Team Health Holdings, Inc., 6.38%, 02/01/25 (e) 315 285,075
Teva Pharmaceutical Finance Netherlands II BV, 1.25%, 03/31/23 EUR 100 109,398
Valeant Pharmaceuticals International, Inc. (e) :
6.38%, 10/15/20 USD 304 303,620
7.50%, 07/15/21 210 207,375
6.75%, 08/15/21 (h) 728 711,620
5.63%, 12/01/21 474 440,820
6.50%, 03/15/22 697 731,850
7.25%, 07/15/22 31 30,225

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

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Pharmaceuticals (continued)
Valeant Pharmaceuticals International, Inc. (e) (continued):
5.50%, 03/01/23 USD 16 $ 13,700
5.88%, 05/15/23 (h) 611 534,503
7.00%, 03/15/24 476 509,915
6.13%, 04/15/25 (h) 605 518,787
5.50%, 11/01/25 1,166 1,180,692
12,474,200
Real Estate — 0.1%
Prologis LP, 3.75%, 11/01/25 (h) 255 268,091
Real Estate Investment Trusts (REITs) — 1.4%
AvalonBay Communities, Inc., 3.45%,
06/01/25 (h) 1,245 1,274,156
ERP Operating LP, 3.38%, 06/01/25 (h) 1,015 1,031,723
Five Point Operating Co. LP/Five Point Capital Corp., 7.88%, 11/15/25 (e) 175 178,500
Hilton Domestic Operating Co., Inc., 4.25%, 09/01/24 179 181,685
iStar, Inc.:
4.63%, 09/15/20 113 114,695
6.00%, 04/01/22 100 103,625
5.25%, 09/15/22 113 114,271
MGM Growth Properties Operating Partnership LP/MGP Finance Co-Issuer, Inc.:
5.63%, 05/01/24 (h) 1,628 1,741,960
4.50%, 09/01/26 524 527,930
4.50%, 01/15/28 (e) 322 319,987
NH Hotel Group SA, 3.75%, 10/01/23 EUR 129 162,509
Starwood Property Trust, Inc.:
5.00%, 12/15/21 USD 234 243,653
4.75%, 03/15/25 (e)(g) 96 95,760
Trust F/1401, 6.95%, 01/30/44 706 777,482
TVL Finance PLC, (3 mo. LIBOR GBP + 4.88%), 5.40%,
05/15/23 (d) GBP 100 135,240
Ventas Realty LP, 4.13%, 01/15/26 (h) USD 650 675,602
Security Value
Real Estate Investment Trusts (REITs) (continued)
Ventas Realty LP/Ventas Capital Corp., 4.75%,
06/01/21 (h) USD 1,300 $ 1,381,214
9,059,992
Real Estate Management & Development — 0.3%
ADLER Real Estate AG, 2.13%, 02/06/24 EUR 100 117,812
Greystar Real Estate Partners LLC, 5.75%,
12/01/25 (e) USD 174 179,220
Howard Hughes Corp., 5.38%, 03/15/25 (e) 218 223,995
Realogy Group LLC/Realogy Co-Issuer Corp. (e) :
4.50%, 04/15/19 (h) 301 306,268
5.25%, 12/01/21 58 60,320
4.88%, 06/01/23 (h) 537 541,027
RESIDOMO Sro, 3.38%, 10/15/24 EUR 100 122,001
Rialto Holdings LLC/Rialto Corp., 7.00%,
12/01/18 (e) USD 220 220,550
1,771,193
Road & Rail — 0.9%
Avis Budget Finance PLC, 4.13%, 11/15/24 EUR 100 121,459
EC Finance PLC, 2.38%, 11/15/22 100 122,023
Herc Rentals, Inc. (e) :
7.50%, 06/01/22 USD 128 137,920
7.75%, 06/01/24 121 132,507
Hertz Corp.:
6.75%, 04/15/19 285 285,000
7.63%, 06/01/22 (e) 144 148,640
Lima Metro Line 2 Finance Ltd., 5.88%,
07/05/34 (e)(h) 3,000 3,300,000
Loxam SAS:
3.50%, 05/03/23 EUR 100 124,351
6.00%, 04/15/25 100 129,985
United Rentals North America, Inc.:
4.63%, 07/15/23 USD 160 164,800
4.63%, 10/15/25 392 399,448
4.88%, 01/15/28 282 285,173

S CHEDULES OF I NVESTMENTS 21

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Road & Rail (continued)
Watco Cos. LLC/Watco Finance Corp., 6.38%,
04/01/23 (e) USD 319 $ 330,165
5,681,471
Semiconductors & Semiconductor Equipment — 1.4%
Advanced Micro Devices, Inc., 7.50%, 08/15/22 73 82,490
Analog Devices, Inc. (h) :
3.90%, 12/15/25 375 390,771
3.50%, 12/05/26 275 276,716
Applied Materials, Inc., 3.90%, 10/01/25 (h) 285 303,464
Broadcom Corp./Broadcom Cayman Finance
Ltd. (e)(h) :
3.00%, 01/15/22 1,250 1,235,504
3.63%, 01/15/24 1,515 1,498,408
Microchip Technology, Inc. (m) :
1.63%, 02/15/25 70 118,081
2.13%, 12/15/37 60 222,638
Micron Technology, Inc.:
5.25%, 01/15/24 (e) 39 40,658
5.50%, 02/01/25 10 10,575
Series G, 3.00%, 11/15/43 (m) 352 522,060
Microsemi Corp., 9.13%, 04/15/23 (e) 20 22,625
NXP BV/NXP Funding LLC (e) :
4.13%, 06/15/20 (h) 834 857,196
4.13%, 06/01/21 200 205,624
4.63%, 06/01/23 (h) 425 448,974
ON Semiconductor Corp., 1.00%, 12/01/20 (m) 255 315,244
QUALCOMM, Inc., 3.45%, 05/20/25 (h) 1,570 1,561,146
Sensata Technologies BV (e) :
5.63%, 11/01/24 179 197,795
5.00%, 10/01/25 (h) 332 354,410
8,664,379
Software — 1.9%
ACI Worldwide, Inc., 6.38%, 08/15/20 (e)(h) 360 367,200
BMC Software Finance, Inc., 8.13%,
07/15/21 (e) 426 431,193
CA, Inc., 3.60%, 08/15/22 (h) 555 560,913
Security Value
Software (continued)
Genesys Telecommunications Laboratories Inc/Greeneden Lux 3 Sarl/Greeneden US Holdings LLC, 10.00%, 11/30/24 (e) USD 395 $ 442,400
Infinity Acquisition LLC/Infinity Acquisition Finance Corp., 7.25%, 08/01/22 (e) 46 46,000
Infor Software Parent LLC/Infor Software Parent, Inc., (7.13% Cash or 7.88% PIK), 7.13%, 05/01/21 (e)(h)(i) 545 558,625
Infor US, Inc., 6.50%, 05/15/22 (h) 1,663 1,712,890
Informatica LLC, 7.13%, 07/15/23 (e) 691 704,820
Nuance Communications, Inc.:
5.38%, 08/15/20 (e)(h) 36 36,504
6.00%, 07/01/24 174 186,180
5.63%, 12/15/26 (e) 143 149,793
PTC, Inc., 6.00%, 05/15/24 202 216,645
Rackspace Hosting, Inc., 8.63%, 11/15/24 (e) 200 214,500
RP Crown Parent LLC, 7.38%, 10/15/24 (e) 392 408,660
Solera LLC/Solera Finance, Inc., 10.50%,
03/01/24 (e)(h) 1,962 2,207,250
Sophia LP/Sophia Finance, Inc., 9.00%,
09/30/23 (e)(h) 303 315,120
SS&C Technologies Holdings, Inc., 5.88%,
07/15/23 (h) 605 639,787
TIBCO Software, Inc., 11.38%, 12/01/21 (e)(h) 784 852,600
Veritas US, Inc./Veritas Bermuda Ltd. (e) :
7.50%, 02/01/23 925 971,250
10.50%, 02/01/24 (h) 800 838,000
11,860,330
Specialty Retail — 0.3%
Asbury Automotive Group, Inc., 6.00%,
12/15/24 (h) 334 348,195
Catalent Pharma Solutions, Inc., 4.88%,
01/15/26 (e) 324 328,050
Group 1 Automotive, Inc.:
5.00%, 06/01/22 (h) 155 159,844

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

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Specialty Retail (continued)
Group 1 Automotive, Inc. (continued):
5.25%, 12/15/23 (e) USD 18 $ 18,630
JC Penney Corp., Inc.:
8.13%, 10/01/19 (h) 42 42,525
6.38%, 10/15/36 21 12,600
7.40%, 04/01/37 64 40,320
L Brands, Inc., 6.88%, 11/01/35 (h) 371 374,710
Masaria Investments SAU, 5.00%, 09/15/24 EUR 100 120,721
Penske Automotive Group, Inc., 5.50%, 05/15/26 USD 32 32,560
PetSmart, Inc., 5.88%, 06/01/25 (e) 133 114,380
Shop Direct Funding PLC, 7.75%, 11/15/22 GBP 100 128,157
1,720,692
Technology Hardware, Storage & Peripherals — 0.4%
Dell International LLC/EMC Corp. (e)(h) :
4.42%, 06/15/21 USD 40 41,763
7.13%, 06/15/24 651 707,669
6.02%, 06/15/26 135 148,407
8.35%, 07/15/46 80 100,663
Hewlett Packard Enterprise Co., 4.90%,
10/15/25 (h) 375 390,523
Riverbed Technology, Inc., 8.88%, 03/01/23 (e) 165 155,306
Western Digital Corp.:
7.38%, 04/01/23 (e)(h) 459 499,163
10.50%, 04/01/24 248 288,052
2,331,546
Textiles, Apparel & Luxury Goods — 0.0%
BiSoho SAS, 5.88%, 05/01/23 EUR 54 69,673
Levi Strauss & Co., 3.38%, 03/15/27 100 125,422
195,095
Thrifts & Mortgage Finance — 0.1%
Jerrold Finco PLC, 6.25%, 09/15/21 GBP 100 139,865
Ladder Capital Finance Holdings LLLP/Ladder Capital Finance
Corp. (e) :
5.25%, 03/15/22 USD 31 32,008
5.25%, 10/01/25 194 193,515
Security Value
Thrifts & Mortgage Finance (continued)
MGIC Investment Corp., 5.75%, 08/15/23 USD 163 $ 178,077
543,465
Tobacco — 0.1%
Reynolds American, Inc., 3.25%, 06/12/20 (h) 396 403,146
Transportation Infrastructure — 1.2%
CEVA Group PLC, 7.00%, 03/01/21 (e) 460 443,900
CMA CGM SA, 7.75%, 01/15/21 EUR 100 124,313
Penske Truck Leasing Co. LP/PTL Finance Corp., 3.38%,
03/15/18 (e)(h) USD 6,155 6,182,747
Rumo Luxembourg Sarl, 7.38%, 02/09/24 (e) 293 316,440
Swissport Financing Sarl, 9.75%, 12/15/22 EUR 100 127,643
Transurban Finance Co. Property Ltd., 4.13%,
02/02/26 (e)(h) USD 435 451,902
WFS Global Holding SAS, 9.50%, 07/15/22 EUR 100 127,654
7,774,599
Utilities — 0.3%
AES Argentina Generacion SA, 7.75%,
02/02/24 (e) USD 293 318,345
AES Panama SRL, 6.00%, 06/25/22 (e) 200 210,098
ContourGlobal Power Holdings SA, 5.13%, 06/15/21 EUR 100 124,307
Generacion Mediterranea SA/Generacion Frias SA/Central Termica Roca SA, 9.63%, 07/27/23 (e) USD 293 325,728
Inkia Energy, Ltd., 5.88%, 11/09/27 (e) 377 379,827
Stoneway Capital Corp., 10.00%, 03/01/27 (e)(h) 293 312,778
1,671,083
Wireless Telecommunication Services — 2.4%
CoreCivic, Inc., 4.75%, 10/15/27 136 133,960
CyrusOne LP/CyrusOne Finance Corp. (e) :
5.00%, 03/15/24 (h) 403 419,120
5.00%, 03/15/24 107 111,280

S CHEDULES OF I NVESTMENTS 23

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Wireless Telecommunication Services (continued)
CyrusOne LP/CyrusOne Finance Corp. (e) (continued):
5.38%, 03/15/27 USD 50 $ 52,375
Digicel Group Ltd., 8.25%, 09/30/20 (e) 200 192,700
Digicel Ltd., 6.00%, 04/15/21 (e)(h) 2,073 1,999,719
Equinix, Inc., 2.88%, 10/01/25 EUR 100 121,432
GEO Group, Inc.:
5.13%, 04/01/23 USD 407 409,035
6.00%, 04/15/26 22 22,825
Matterhorn Telecom SA:
3.88%, 05/01/22 EUR 100 121,828
4.00%, 11/15/27 100 117,816
Radiate Holdco LLC/Radiate Finance,
Inc., 6.63%, 02/15/25 (e) USD 215 205,862
Rogers Communications, Inc.,
5.00%, 03/15/44 (h) 545 616,397
SBA Communication Corp.:
4.00%, 10/01/22 (e) 401 403,005
4.88%, 09/01/24 263 272,205
Sprint Capital Corp.:
6.90%, 05/01/19 135 141,919
6.88%, 11/15/28 (h) 735 754,294
8.75%, 03/15/32 (h) 750 868,125
Sprint Communications, Inc.:
7.00%, 03/01/20 (e)(h) 726 777,727
7.00%, 08/15/20 125 133,438
6.00%, 11/15/22 49 49,490
Sprint Corp.:
7.88%, 09/15/23 (h) 798 859,845
7.13%, 06/15/24 (h) 1,857 1,932,450
7.63%, 02/15/25 407 432,234
Sprint Spectrum Co. LLC/Sprint Spectrum Co. II LLC/Sprint Spectrum Co. III LLC, 3.36%, 03/20/23 (e)(h) 787 793,139
T-Mobile USA, Inc.:
6.13%, 01/15/22 75 77,625
4.00%, 04/15/22 197 202,417
6.00%, 03/01/23 (h) 304 318,949
6.63%, 04/01/23 547 572,299
6.84%, 04/28/23 55 57,750
6.50%, 01/15/24 (h) 535 567,769
6.38%, 03/01/25 14 15,028
Security Value
Wireless Telecommunication Services (continued)
T-Mobile USA, Inc. (continued):
5.13%, 04/15/25 USD 201 $ 210,045
5.38%, 04/15/27 120 128,400
Uniti Group LP/Uniti Group Finance, Inc./CSL Capital LLC, 8.25%, 10/15/23 (h) 445 426,087
VICI Properties 1 LLC/VICI FC, Inc., 8.00%, 10/15/23 327 364,110
Wind Tre SpA, 5.00%, 01/20/26 (e) 211 202,117
Xplornet Communications, Inc., (9.63% Cash or 10.63% PIK), 9.63%, 06/01/22 (e)(i) 115 122,475
15,207,291
Total Corporate Bonds — 62.9% (Cost — $387,401,153) 396,370,752
Floating Rate Loan Interests — 38.5%
Aerospace & Defense — 0.6%
Accudyne Industries LLC, 2017 Term Loan, (3 mo. LIBOR + 3.75% 1.00% Floor), 5.08%, 08/02/24 (n)(o) 1,085 1,089,524
DAE Aviation Holdings, Inc., 1st Lien Term Loan,
07/07/22 (o) 160 160,920
Engility Corp. (n):
Term Loan B1, (1 mo. LIBOR + 2.75%), 4.10%, 08/12/20 103 104,073
Term Loan B2, (1 mo. LIBOR + 3.25%, 1.00% Floor), 4.60%, 08/12/23 185 186,547
GTCR Valor Companies, Inc., 2017 Term Loan B1, (3 mo. LIBOR + 4.25%), 5.58%, 06/16/23 (n) 249 251,958
TransDigm, Inc. (n):
2017 Extended Term Loan F, (1 mo. LIBOR + 2.75%), 4.10%, 06/09/23 1,366 1,366,556
2017 Term Loan E, (1 mo. LIBOR + 2.75%), 4.10%, 06/09/23 630 631,132

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

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Aerospace & Defense (continued)
TransDigm, Inc. (n) (continued):
2017 Term Loan G, (3 mo. LIBOR + 3.00%), 4.35%, 08/22/24 USD 78 $ 77,960
3,868,670
Air Freight & Logistics — 0.4%
Avolon TLB Borrower 1 (Luxembourg) Sarl, Term Loan B2, (1 mo. LIBOR + 2.25%), 3.53%, 04/03/22 (n) 1,712 1,711,961
CEVA Group PLC, Letter of Credit, (3 mo. LIBOR + 5.50%), 6.50%, 03/19/21 (n) 213 198,259
CEVA Intercompany BV, Dutch Term Loan, (3 mo. LIBOR + 5.50%, 1.00% Floor), 6.88%, 03/19/21 (n) 217 206,410
CEVA Logistics Canada ULC, Canadian Term Loan, (3 mo. LIBOR + 5.50%, 1.00% Floor), 6.88%, 03/19/21 (n) 42 39,800
CEVA Logistics US Holdings, Inc., Term Loan, (3 mo. LIBOR + 5.50%, 1.00% Floor), 6.88%, 03/19/21 (n) 287 272,511
2,428,941
Airlines — 0.0%
Northwest Airlines, Inc., Term Loan, (6 mo. LIBOR + 1.23%), 2.68%, 09/10/18 (n) 138 136,286
Auto Components — 0.1%
Dayco Products LLC, 2017 Term Loan B, (3 mo. LIBOR + 5.00%), 6.48%, 05/19/23 (a)(n) 313 315,776
Security Value
Auto Components (continued)
USI, Inc., 2017 Repriced Term Loan, (3 mo. LIBOR + 3.00%), 4.35%, 05/16/24 (n) USD 545 $ 542,275
858,051
Automobiles — 0.1%
CH Hold Corp. (n) :
1st Lien Term Loan, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.35%, 02/01/24 405 408,519
2nd Lien Term Loan, (1 mo. LIBOR + 7.25% 1.00% Floor), 8.60%, 02/01/25 110 112,200
FCA US LLC, 2018 Term Loan B, (1 mo. LIBOR + 2.00%), 3.29%, 12/31/18 (n) 373 373,740
894,459
Banks — 0.1%
Capri Finance LLC, 1st Lien Term Loan, (3 mo. LIBOR + 3.25%), 4.63%, 11/01/24 (n) 645 642,988
Building Materials — 0.1%
Allied Universal HoldCo LLC, 2015 Term Loan, (3 mo. LIBOR + 3.75%, 1.00% Floor),
5.08%, 07/28/22 (n) 229 227,501
USAGM HoldCo LLC, 2015 2nd Lien Term Loan, (3 mo. LIBOR + 8.50%, 1.00% Floor), 9.88%, 07/28/23 (n) 290 288,309
515,810
Building Products — 0.4%
Continental Building Products LLC, 2017 Term Loan B, (1 mo. LIBOR + 2.50%), 3.83%, 08/18/23 (n) 592 593,690

S CHEDULES OF I NVESTMENTS 25

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Building Products (continued)
CPG International Inc., 2017 Term Loan, (3 mo. LIBOR + 3.75% 1.00% Floor), 5.08%, 05/03/24 (n) USD 632 $ 633,365
Jeld-Wen, Inc., 2017 Term Loan B, (3 mo. LIBOR + 3.00% 1.00%
Floor), 4.33%, 07/01/22 (n) 511 513,798
Ply Gem Industries, Inc., Term Loan, (3 mo. LIBOR + 3.00% 1.00% Floor), 4.33%, 02/01/21 (n) 322 323,772
Wilsonart LLC, 2017 Term Loan B, (3 mo. LIBOR + 3.25% 1.00% Floor), 4.59%, 12/19/23 (n) 655 659,736
2,724,361
Capital Markets — 0.3%
FinCo I LLC, 2017 Term Loan B, (1 mo. LIBOR + 2.75%), 2.75%, 06/14/22 (n) 445 449,673
Greenhill & Co., Inc., 1st Lien Term Loan, (3 mo. LIBOR + 3.75% 1.00% Floor),
5.11%, 10/12/22 (n) 427 428,601
RPI Finance Trust, Term Loan B6, (3 mo. LIBOR + 2.00%), 3.33%, 03/27/23 (n) 866 869,269
1,747,543
Chemicals — 1.3%
Alpha 3 BV, 2017 Term Loan B1, (3 mo. LIBOR + 3.00% 1.00% Floor), 4.33%, 01/31/24 (n) 608 612,022
Axalta Coating Systems US Holdings, Inc., Term Loan, (3 mo. LIBOR + 2.00%), 3.33%, 06/01/24 (n) 703 704,511
Security Value
Chemicals (continued)
Charter NEX US Holdings, Inc., 2017 Term Loan B, (1 mo. LIBOR + 3.25% 1.00% Floor), 4.60%, 05/16/24 (n) USD 444 $ 445,690
Chemours Company, 2017 Term Loan B, (1 mo. LIBOR + 2.50%), 3.85%, 05/12/22 (n) 290 292,834
Element Materials Technology Group US Holdings, Inc., 2017 Term Loan B, (3 mo. LIBOR + 3.50% 1.00%
Floor), 4.83%, 06/28/24 (n) 215 215,716
Encapsys LLC, 1st Lien Term Loan, (3 mo. LIBOR + 3.25% 1.00% Floor), 4.58%, 11/07/24 (n) 335 336,886
Evergreen Acqco 1 LP, Term Loan, (3 mo. LIBOR + 3.75%), 5.11%, 07/09/19 (n) 101 91,208
H.B. Fuller Co., 2017 Term Loan B, (1 mo. LIBOR + 2.25%), 3.53%, 10/12/24 (n) 740 742,671
Huntsman International LLC, Term Loan B2, (1 mo. LIBOR + 3.00%), 4.35%, 04/01/23 (n) 279 280,877
MacDermid, Inc. (n) :
Term Loan B6, (1 mo. LIBOR + 3.00% 1.00% Floor), 4.35%, 06/07/23 505 507,817
Term Loan B7, (1 mo. LIBOR + 2.50% 1.00% Floor), 3.85%, 06/07/20 616 619,927
OXEA Finance & Cy SCA, 2017 Term Loan, (3 mo. LIBOR + 3.50%), 4.88%, 10/11/24 (n) 1,128 1,129,884
PQ Corp., 2017 Term Loan, (3 mo. LIBOR + 3.25% 1.00% Floor), 4.63%, 11/04/22 (n) 610 615,759

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

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Chemicals (continued)
Solenis International LP (n) :
1st Lien Term Loan, (3 mo. LIBOR + 3.25% 1.00% Floor), 4.73%, 07/31/21 USD 503 $ 504,608
2nd Lien Term Loan, (3 mo. LIBOR + 6.75% 1.00% Floor), 8.23%, 07/31/22 537 523,243
Tata Chemicals North America, Inc., Term Loan B, (3 mo. LIBOR + 2.75% 1.00% Floor), 4.13%, 08/07/20 (n) 476 475,633
8,099,286
Commercial Services & Supplies — 1.8%
Advanced Disposal Services, Inc., Term Loan B3, (1 Week LIBOR + 2.25%), 3.45%, 11/10/23 (n) 1,033 1,033,532
Asurion LLC (n) :
2017 2nd Lien Term Loan, (1 mo. LIBOR + 6.00%), 7.35%, 08/04/25 298 305,525
2017 Term Loan B4, (1 mo. LIBOR + 2.75%), 4.10%, 08/04/22 225 225,597
2017 Term Loan B5, (1 mo. LIBOR + 3.00%), 4.35%, 11/03/23 1,431 1,435,893
Camelot UK Holdco Ltd., 2017 Repriced Term Loan, (1 mo. LIBOR + 3.25% 1.00% Floor), 4.60%, 10/03/23 (n) 658 660,151
Catalent Pharma Solutions, Inc., Term Loan B, (1 Week LIBOR + 2.25% 1.00% Floor), 3.49%, 05/20/21 (n) 1,183 1,188,495
Clean Harbors, Inc., 2017 Term Loan B, (1 mo. LIBOR + 2.00%), 3.35%, 06/27/24 (n) 214 215,535
Security Value
Commercial Services & Supplies (continued)
Creative Artists Agency LLC, 2017 1st Lien Term Loan B, (1 mo. LIBOR + 3.50% 1.00% Floor), 4.75%,
02/15/24 (n) USD 710 $ 715,847
Dealer Tire LLC, 2016 Term Loan B, (1 Week LIBOR + 3.75% 1.00% Floor), 5.13%, 12/22/21 (n) 228 228,697
Employbridge LLC, Exit Term Loan, (3 mo. LIBOR + 6.50% 1.00% Floor), 7.83%, 05/16/20 (n) 160 154,140
Garda World Security Corp., 2017 Term Loan, (PRIME + 3.00%), 5.24%, 05/24/24 (n) 281 281,993
Harland Clarke Holdings Corp., Term Loan B6, (3 mo. LIBOR + 5.500%,1.00% Floor), 6.83%, 02/09/22 (n) 278 278,348
KAR Auction Services, Inc., Term Loan B5, (3 mo. LIBOR + 2.50%), 3.88%, 03/09/23 (n) 337 338,472
Livingston International, Inc., 1st Lien Term Loan, (3 mo. LIBOR + 4.25%), 5.58%, 04/18/19 (n) 136 131,019
Packers Holdings LLC, Term Loan B, (1 mo. LIBOR + 3.50% 1.00% Floor), 4.74%, 12/02/21 (n) 566 566,482
Prime Security Services Borrower LLC, 2016 1st Lien Term Loan, (1 mo. LIBOR + 2.75% 1.00% Floor), 4.10%,
05/02/22 (n) 889 895,521
US Security Associates Holdings, Inc., 2016 Term Loan, (3 mo. LIBOR + 4.00% 1.00% Floor), 5.33%,
07/14/23 (n) 714 721,110

S CHEDULES OF I NVESTMENTS 27

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Commercial Services & Supplies (continued)
West Corp., 2017 Term Loan, (1 mo. LIBOR + 4.00% 1.00% Floor), 5.35%, 10/10/24 (n) USD 1,105 $ 1,103,583
Wrangler Buyer Corp., Term Loan B, (1 mo. LIBOR + 3.00%), 4.35%, 09/27/24 (n) 1,140 1,147,207
11,627,147
Communications Equipment — 0.5%
Avantor, Inc., 2017 1st Lien Term Loan,
09/07/24 (o) 891 891,276
Avaya, Inc.:
DIP Term Loan, (1 mo. LIBOR + 7.500%, 1.00% Floor), 8.70%, 01/24/18 (n) 55 54,971
Exit Term Loan B, 11/08/24 (o) 745 734,488
Term Loan B7, 0.00%, 05/29/20 (n)(b)(c) 289 220,184
Colorado Buyer, Inc., Term Loan B, (3 mo. LIBOR + 3.00% 1.00% Floor), 4.38%, 05/01/24 (n) 544 546,220
CommScope, Inc., Term Loan B5, (1 mo. LIBOR + 2.00%), 3.38%, 12/29/22 (a)(n) 268 269,340
Riverbed Technology, Inc., 2016 Term Loan, (1 mo. LIBOR + 3.25% 1.00% Floor), 4.60%, 04/24/22 (n) 301 295,578
Security Value
Communications Equipment (continued)
Securus Technologies Holdings, Inc., 2017 1st Lien Term Loan, (1 mo. LIBOR + 4.50% 1.00% Floor), 5.85%,
11/01/24 (n) USD 430 $ 433,629
3,445,686
Construction & Engineering — 0.5%
Brand Energy & Infrastructure Services, Inc., 2017 Term Loan, (3 mo. LIBOR + 4.25% 1.00%
Floor), 5.63%, 06/21/24 (n) 2,151 2,159,492
CNT Holdings III Corp., 2017 Term Loan, (1 mo. LIBOR + 3.25% 1.00% Floor), 4.60%, 01/22/23 (n) 375 362,734
Pike Corp., Replacement Term Loan, (1 mo. LIBOR + 3.50% 1.00% Floor), 4.85%, 09/20/24 (n) 229 232,585
USIC Holdings, Inc., 2017 Term Loan B, (6 mo. LIBOR + 3.50% 1.00% Floor), 5.00%, 12/08/23 (n) 410 412,775
3,167,586
Construction Materials — 0.4%
Core & Main LP, 2017 Term Loan B, (6 mo. LIBOR + 3.00% 1.00% Floor), 4.46%, 08/01/24 (n) 885 889,983
Filtration Group Corp., 1st Lien Term Loan, (3 mo. LIBOR + 3.00% 1.00% Floor), 4.38%, 11/21/20 (n) 1,225 1,234,045

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

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Construction Materials (continued)
GYP Holdings III Corp., 2017 Term Loan B, (3 mo. LIBOR + 3.00%, 1.00% Floor), 4.38%, 04/01/23 (n) USD 701 $ 704,862
2,828,890
Containers & Packaging — 0.3%
Berlin Packaging LLC, 2017 Term Loan B, (3 mo. LIBOR + 3.25%, 1.00% Floor), 4.50%, 10/01/21 (n) 259 260,596
Berry Plastics Group, Inc., Term Loan M, (1 mo. LIBOR + 2.25%), 3.50%, 10/01/22 (n) 970 972,969
BWAY Holding Co., 2017 Term Loan B, (3 mo. LIBOR + 3.25%), 4.52%, 04/03/24 (n) 565 567,805
Plastipak Holdings, Inc., Term Loan B, (1 mo. LIBOR + 2.75%), 4.02%, 10/04/24 (n) 290 291,378
2,092,748
Distributors — 0.3%
American Builders & Contractors Supply Co., Inc., 2017 Term Loan B, (1 mo. LIBOR + 2.50%),
3.85%, 10/31/23 (n) 933 935,615
American Tire Distributors Holdings, Inc., 2015 Term Loan, (1 mo. LIBOR + 4.25%, 1.00% Floor), 5.60%,
09/01/21 (n) 219 220,746
TriMark USA LLC:
2017 1st Lien Term Loan, (2 mo. LIBOR + 3.50%), 4.82%, 09/26/24 (n) 597 600,684
Security Value
Distributors (continued)
TriMark USA LLC (continued):
Delayed Draw Term Loan, 09/26/24 (o) USD 28 $ 28,021
1,785,066
Diversified Consumer Services — 0.6%
Ascend Learning LLC, 2017 Term Loan B, (1 mo. LIBOR + 3.25%, 1.00% Floor), 4.60%, 07/12/24 (n) 380 381,900
Bright Horizons Family Solutions, Inc., 2017 Term Loan B, (PRIME + 1.25%), 3.60%, 11/07/23 (n) 721 722,857
Serta Simmons Bedding LLC, 1st Lien Term Loan, (3 mo. LIBOR + 3.50%, 1.00% Floor), 4.84%, 11/08/23 (n) 1,287 1,242,231
ServiceMaster Co., 2016 Term Loan B, (1 mo. LIBOR + 2.50%), 3.85%, 11/08/23 (n) 735 735,596
Spin Holdco Inc., 2017 Term Loan B, (2 mo. LIBOR + 3.75%, 1.00% Floor), 5.15%, 11/14/22 (n) 429 431,978
Weight Watchers International, Inc., 2017 Term Loan B,
11/17/24 (o) 195 191,840
3,706,402
Diversified Financial Services — 0.3%
AlixPartners LLP, 2017 Term Loan B, (3 mo. LIBOR + 2.75%, 1.00% Floor), 4.08%, 04/04/24 (n) 966 969,742
Kingpin Intermediate Holdings LLC, 2017 1st Lien Term Loan B, (3 mo. LIBOR + 4.25%, 1.00% Floor), 5.57%,
06/28/24 (n) 499 502,491
Nomad Foods Europe Midco Ltd., Term Loan B, (1 mo. LIBOR + 2.75%), 4.00%, 05/15/24 (n) 395 395,988

S CHEDULES OF I NVESTMENTS 29

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Diversified Financial Services (continued)
SAM Finance Luxembourg Sarl, Term Loan, (3 mo. LIBOR + 3.25%, 1.00% Floor), 4.57%, 12/17/20 (n) USD 55 $ 55,765
1,923,986
Diversified Telecommunication Services — 2.3%
CenturyLink, Inc.:
2017 Term Loan A, 02/09/22 (o) 500 495,780
2017 Term Loan B, (1 mo. LIBOR + 2.75%), 4.10%
01/31/25 (n) 4,573 4,375,812
Consolidated Communications, Inc., 2016 Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.35%, 10/04/23 (n) 139 136,612
Frontier Communications Corp., 2017 Term Loan B1, (1 mo. LIBOR + 3.75%), 5.09%, 06/15/24 (n) 669 636,693
Hargray Communications Group, Inc., 2017 Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.35%,
05/16/24 (n) 440 439,761
Level 3 Financing, Inc., 2017 Term Loan B, (3 mo. LIBOR + 2.25%), 3.70%, 02/22/24 (n) 2,497 2,493,879
Lumos Networks Operating Co. (o) :
1st Lien Term Loan B, 10/16/24 308 309,513
Topco Term Loan, 10/16/24 302 301,621
Sprint Communications, Inc., 1st Lien Term Loan B, (1 mo. LIBOR + 2.50%), 3.88%, 02/02/24 (n) 1,532 1,531,692
Telenet International Finance Sarl:
Term Loan AI, (1 mo. LIBOR + 2.75%), 4.00%,
06/30/25 (n) 2,080 2,081,165
Security Value
Diversified Telecommunication Services (continued)
Telenet International Finance Sarl (continued):
Term Loan AL, 03/02/26 (o) USD 1,475 $ 1,475,000
Zayo Group LLC, 2017 Term Loan B1, (1 mo. LIBOR + 2.00%), 3.31%, 01/19/21 (n) 345 345,369
14,622,897
Electric Utilities — 0.8%
Energy Future Intermediate Holding Co. LLC, 2017 DIP Term Loan, (1 mo. LIBOR + 3.00%, 1.00% Floor),
4.35%, 06/30/18 (n) 3,855 3,866,719
TEX Operations Co. LLC (n) :
Exit Term Loan B, (1 mo. LIBOR + 2.75%), 4.08%, 08/04/23 654 656,502
Exit Term Loan C, (3 mo. LIBOR + 2.75%), 4.08%, 08/04/23 152 152,511
Texas Competitive Electric Holdings Co. LLC/TCEH Finance, Inc., Term Loan, 11/10/18 (a)(o) 780 —
Vistra Operations Co. LLC, 2016 Term Loan B2, (3 mo. LIBOR + 2.75%), 4.02%, 12/14/23 (n) 152 153,591
4,829,323
Electrical Equipment — 0.2%
Gates Global LLC, 2017 Repriced Term Loan B, (3 mo. LIBOR + 3.00%, 1.00% Floor), 4.39%, 04/01/24 (n) 1,183 1,189,285
Electronic Equipment, Instruments & Components — 0.1%
Excelitas Technologies Corp., 2017 1st Lien Term Loan,
11/15/24 (o) 300 301,875

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

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Electronic Equipment, Instruments & Components (continued)
Zebra Technologies Corporation, 2017 Term Loan B, (3 mo. LIBOR + 2.00%), 3.37%, 10/27/21 (n) USD 332 $ 332,569
634,444
Energy Equipment & Services — 0.3%
Exgen Texas Power LLC, Term Loan B, (1 mo. LIBOR + 4.75), 6.08%, 09/16/21 (n) 370 228,543
Gavilan Resources LLC, 2nd Lien Term Loan, (1 mo. LIBOR + 6.00%, 1.00% Floor), 7.24%, 03/01/24 (n) 983 965,798
Ocean Rig UDW Inc., Term Loan, (Fixed + 8.00%), 8.00%, 09/20/24 57 57,385
Pioneer Energy Services Corp., Term Loan, (1 Week LIBOR + 7.75%, 1.00% Floor), 8.99%, 11/02/22 (n) 260 260,325
Seadrill Partners Finco LLC, Term Loan B, (3 mo. LIBOR + 3.00%, 1.00% Floor), 4.33%, 02/21/21 (n) 284 218,282
Weatherford International Ltd., Term Loan, (1 mo. LIBOR + 2.30%), 3.65%, 07/13/20 (n) 455 442,678
2,173,011
Food & Staples Retailing — 0.6%
BJ’s Wholesale Club, Inc., 2017 1st Lien Term Loan, (1 mo. LIBOR + 3.50% 1.00% Floor), 4.99%,
02/03/24 (n) 698 686,292
Hostess Brands LLC, 2017 Repriced Term Loan, (1 mo. LIBOR + 2.25%), 3.60%, 08/03/22 (n) 1,198 1,199,680
Rite Aid Corp. (n) :
2nd Lien Term Loan, (1 Week LIBOR + 4.75% 1.00% Floor), 5.96%, 08/21/20 240 240,701
Security Value
Food & Staples Retailing (continued)
Rite Aid Corp. (continued) (n) :
2nd Lien Term Loan, (1 Week LIBOR + 3.87%, 1.00% Floor), 5.09%, 06/21/21 USD 815 $ 816,019
US Foods, Inc., 2016 Term Loan B, (1 mo. LIBOR + 2.50%), 4.10%, 06/27/23 (n) 657 659,771
3,602,463
Food Products — 0.9%
Albertsons LLC, 2017 Term Loan B4, (1 mo. LIBOR + 2.75%), 4.10%, 08/25/21 (n) 638 619,571
Chobani LLC, 2017 Term Loan B, (1 mo. LIBOR + 3.50%, 1.00% Floor), 4.74%, 10/09/23 (n) 746 753,613
Dole Food Company Inc., 2017 Term Loan B, (3 mo. LIBOR + 2.75%, 1.00% Floor), 3.99%, 04/06/24 (n) 338 338,953
JBS USA LLC, 2017 Term Loan B, (1 mo. LIBOR + 2.50%), 3.76%, 10/30/22 (n) 1,157 1,131,771
Pinnacle Foods Finance LLC, 2017 Term Loan B, (1 mo. LIBOR + 2.00%), 3.24%, 02/02/24 (n) 640 643,562
Reddy Ice Corp. (n) :
1st Lien Term Loan, (PRIME + 4.50%), 6.88%, 05/01/19 640 629,475
2nd Lien Term Loan, (3 mo. LIBOR + 9.50%), 10.85%, 11/01/19 233 219,020

S CHEDULES OF I NVESTMENTS 31

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Food Products (continued)
Reynolds Group Holdings, Inc., 2017 Term Loan, (1 mo. LIBOR + 2.75%), 4.10%, 02/05/23 (n) USD 1,263 $ 1,268,698
5,604,663
Health Care Equipment & Supplies — 1.0%
Cotiviti Corp., Term Loan B, (3 mo. LIBOR + 2.50%), 3.84%, 09/28/23 (n) 621 624,353
CryoLife, Inc., Term Loan B, 11/14/24 (o) 585 587,925
DJO Finance LLC, 2015 Term Loan, (1 mo. LIBOR + 3.25%, 1.00% Floor), 4.60%, 06/08/20 (n) 1,877 1,858,162
Immucor, Inc., Extended Term Loan B, (2 mo. LIBOR + 5.00%, 1.00% Floor), 6.31%, 06/15/21 (n) 1,134 1,149,742
Mallinckrodt International Finance SA, Term Loan B, (3 mo. LIBOR + 2.75%), 4.08%, 09/24/24 (n) 512 511,512
Ortho-Clinical Diagnostics SA, Term Loan B, (3 mo. LIBOR + 3.75%, 1.00% Floor),
5.08%, 06/30/21 (n) 1,401 1,403,740
6,135,434
Health Care Providers & Services — 1.8%
Acadia Healthcare Co., Inc. (n) :
Term Loan B1, (1 mo. LIBOR + 2.75%), 4.10%, 02/11/22 231 232,901
Tranche B-2 Term Loan, (1 mo. LIBOR + 2.75%),
3.99%, 02/16/23 639 641,818
Air Medical Group Holdings, Inc., 2017 Term Loan B2,
09/07/24 (o) 560 562,660
Security Value
Health Care Providers & Services (continued)
Auris Luxembourg III Sarl, 2017 Term Loan B7, (3 mo. LIBOR + 3.00% 1.00% Floor), 4.33%, 01/17/22 (n) USD 854 $ 859,547
CHG Healthcare Services, Inc., 2017 Term Loan B, (2 mo. LIBOR + 3.25% 1.00% Floor),
4.63%, 06/07/23 (n) 970 973,562
Community Health Systems, Inc., Term Loan G, (3 mo. LIBOR + 2.75% 1.00% Floor), 4.23%, 12/31/19 (n) 110 106,595
Curo Health Services Holdings, Inc., 2015 1st Lien Term Loan, (3 mo. LIBOR + 4.00% 1.00% Floor),
5.35%, 02/07/22 (n) 319 318,317
DaVita HealthCare Partners, Inc., Term Loan B, (1 mo. LIBOR + 2.75%), 4.10%, 06/24/21 (n) 252 254,520
Envision Healthcare Corp., 2016 Term Loan B, (1 mo. LIBOR + 3.00%), 4.35%, 12/01/23 (n) 2,372 2,376,534
HC Group Holdings III, Inc., Term Loan B, (1 mo. LIBOR + 5.00% 1.00% Floor), 6.35%, 04/07/22 (n) 818 825,172
HCA, Inc., Term Loan B9, (1 mo. LIBOR + 2.00%), 3.35%, 03/17/23 (n) 1,083 1,086,252
MPH Acquisition Holdings LLC, 2016 Term Loan B, (3 mo. LIBOR + 3.00% 1.00% Floor),
4.33%, 06/07/23 (n) 1,068 1,068,838
nThrive, Inc., 2016 1st Lien Term Loan, (1 mo. LIBOR + 4.50% 1.00% Floor), 5.85%, 10/20/22 (a)(n) 608 611,166
NVA Holdings, Inc., 1st Lien Term Loan B2, (3 mo. LIBOR + 3.50%), 4.83%, 08/14/21 (n) 622 625,944

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

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Health Care Providers & Services (continued)
Team Health Holdings, Inc., 1st Lien Term Loan, (1 mo. LIBOR + 2.75%, 1.00% Floor), 4.10%, 02/06/24 (n) USD 398 $ 388,533
Vizient, Inc., 2017 Term Loan B, (1 mo. LIBOR + 3.50%, 1.00% Floor), 4.85%, 02/13/23 (n) 559 560,557
11,492,916
Health Care Technology — 0.3%
Change Healthcare Holdings, Inc., 2017 Term Loan B, (1 mo. LIBOR + 2.75%, 1.00% Floor), 4.10%, 03/01/24 (n) 1,144 1,146,464
Press Ganey Holdings, Inc. (n) :
2017 1st Lien Term Loan, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.35%, 10/23/23 490 493,413
2nd Lien Term Loan, (1 mo. LIBOR + 6.50%, 1.00% Floor), 7.85%, 10/21/24 145 146,211
1,786,088
Hotels, Restaurants & Leisure — 2.2%
Amaya Holdings BV (n) :
2nd Lien Term Loan, (3 mo. LIBOR + 7.00%, 1.00% Floor), 8.33%, 08/01/22 111 111,173
Repriced Term Loan B, (3 mo. LIBOR + 3.50%, 1.00% Floor), 4.83%, 08/01/21 974 978,659
Boyd Gaming Corp., Term Loan B3, (1 Week LIBOR + 2.50%), 3.70%, 09/15/23 (n) 528 530,211
Bronco Midstream Funding LLC, Term Loan B, (3 mo. LIBOR + 4.00%, 1.00% Floor), 5.44%, 08/15/20 (n) 960 965,681
Security Value
Hotels, Restaurants & Leisure (continued)
Burger King Newco Unlimited Liability Co., Term Loan B3, (3 mo. LIBOR + 2.25%, 1.00% Floor), 3.58%,
02/16/24 (n) USD 2,040 $ 2,039,094
Caesars Entertainment Resort Properties LLC, Term Loan B, (1 mo. LIBOR + 3.50%, 1.00% Floor), 4.85%,
10/11/20 (n) 2,507 2,505,013
Caesars Growth Properties Holdings LLC, 2017 Term Loan, (1 mo. LIBOR + 2.75%, 1.00% Floor), 4.10%,
05/08/21 (n) 903 903,195
Caesars Resort Collection LLC, 2017 1st Lien Term Loan B, 09/27/24 (o) 1,496 1,503,326
CCM Merger, Inc., Term Loan B, (1 mo. LIBOR + 2.75%), 4.10%, 08/08/21 (n) 543 545,257
CEC Entertainment, Inc., Term Loan B, (1 mo. LIBOR + 3.25%, 1.00% Floor), 4.35%, 02/14/21 (n) 530 509,269
Cyan Blue Holdco 3 Ltd., 2017 Term Loan B, (3 mo. LIBOR + 3.50%), 4.83%, 07/26/24 (n) 455 457,325
ESH Hospitality, Inc., 2017 Term Loan B, (1 mo. LIBOR + 2.25%), 3.60%, 08/30/23 (n) 866 867,470
Four Seasons Hotels Ltd., 1st Lien Term Loan, (1 mo. LIBOR + 2.50%), 3.85%, 11/30/23 (n) 99 99,704
Gateway Casinos & Entertainment Ltd., Term Loan B1, (3 mo. LIBOR + 3.75%, 1.00% Floor), 5.08%,
02/22/23 (n) 135 136,051
Hilton Worldwide Finance LLC, Term Loan B2, (1 mo. LIBOR + 2.00%), 3.33%, 10/25/23 (n) 32 32,021

S CHEDULES OF I NVESTMENTS 33

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Hotels, Restaurants & Leisure (continued)
La Quinta Intermediate Holdings LLC, Term Loan B, (3 mo. LIBOR + 2.75% 1.00% Floor),
4.11%, 04/14/21 (n) USD 238 $ 238,448
Playa Resorts Holding BV, 2017 Term Loan B,
04/05/24 (o) 375 376,312
Scientific Games International, Inc., 2017 Term Loan B4, (1 mo. LIBOR + 3.25%), 4.60%, 08/14/24 (n) 1,142 1,152,106
13,950,315
Household Durables — 0.1%
Serta Simmons Bedding LLC, 2nd Lien Term Loan, (1 mo. LIBOR + 8.00% 1.00% Floor), 9.24%, 11/08/24 (n) 741 672,787
Household Products — 0.3%
Diamond (BC) B.V., Term Loan, (2 mo. LIBOR + 3.00%), 4.42%, 09/06/24 (n) 885 885,513
Spectrum Brands, Inc., 2017 Term Loan B, (2 mo. LIBOR + 2.00%), 3.40%, 06/23/22 (n) 930 935,144
1,820,657
Independent Power and Renewable Electricity Producers — 0.9%
AES Corp., 2017 Term Loan B, (3 mo. LIBOR + 2.00%), 3.45%, 05/24/22 (n) 478 479,095
Calpine Construction Finance Co., LP, Original Term Loan B1, (1 mo. LIBOR + 2.25%), 3.60%, 05/03/20 (n) 488 487,690
Calpine Corp. (n) :
Term Loan B5, (3 mo. LIBOR + 2.75%), 4.09%, 01/15/24 255 254,977
Term Loan B6, (3 mo. LIBOR + 2.75% 1.00% Floor), 4.09%, 01/15/23 270 270,428
Security Value
Independent Power and Renewable Electricity Producers (continued)
Calpine Corp. (continued) (n) :
Term Loan B7, (3 mo. LIBOR + 2.75%), 4.09%, 05/31/23 USD 407 $ 407,508
Dynegy, Inc., 2017 Term Loan C, (1 mo. LIBOR + 3.25% 1.00% Floor), 4.60%, 02/07/24 (n) 1,064 1,069,999
Granite Acquisition, Inc. (n) :
Term Loan B, (3 mo. LIBOR + 4.00% 1.00% Floor), 5.34%, 12/19/21 1,086 1,096,791
Term Loan C, (3 mo. LIBOR + 4.00% 1.00% Floor), 5.33%, 12/19/21 49 49,583
Nautilus Power LLC, Term Loan B, (1 mo. LIBOR + 4.25% 1.00% Floor), 5.60%, 05/16/24 (n) 818 823,675
Terra-Gen Finance Co. LLC, Term Loan B, (1 mo. LIBOR +
4.25% 1.00% Floor), 5.60%, 12/09/21 (a)(n) 502 451,821
5,391,567
Industrial Conglomerates — 0.3%
Cortes NP Acquisition Corp., 2017 Term Loan B, (1 mo. LIBOR + 4.00% 1.00% Floor), 5.35%, 11/30/23 (n) 1,166 1,171,470
Sequa Corp., 1st Lien Term Loan, (2 mo. LIBOR + 5.50% 1.00% Floor), 6.87%, 11/28/21 (n) 479 481,793
1,653,263
Insurance — 0.8%
Alliant Holdings I, Inc., 2015 Term Loan B, (3 mo. LIBOR + 3.25% 1.00% Floor), 4.58%, 08/12/22 (n) 741 744,039

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

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Insurance (continued)
AmWINS Group, Inc., 2017 Term Loan B, (1 mo. LIBOR + 2.75% 1.00% Floor), 4.10%, 01/25/24 (n) USD 620 $ 621,863
AssuredPartners, Inc., 2017 1st Lien Add-On Term Loan, (1 mo. LIBOR
+ 3.50%), 4.85%, 10/22/24 (n) 449 452,125
Davis Vision Inc., 1st Lien Term Loan B,
11/01/24 (o) 605 608,025
Hub International Ltd., Term Loan B, (3 mo. LIBOR + 3.00% 1.00% Floor), 4.41%, 10/02/20 (n) 661 663,240
Sedgwick Claims Management Services,
Inc. (n) :
1st Lien Term Loan, (1 mo. LIBOR + 2.75% 1.00% Floor), 4.10%, 03/01/21 797 799,403
2016 1st Lien Term Loan, (3 mo. LIBOR + 3.25% 1.00% Floor), 4.58%, 03/01/21 262 263,242
2nd Lien Term Loan, (1 mo. LIBOR + 5.75% 1.00% Floor), 7.10%, 02/28/22 765 771,694
Stratose Intermediate Holdings II LLC, 1st Lien Term Loan, (1 mo. LIBOR + 3.25% 1.00% Floor),
4.60%, 06/22/23 (n) 234 235,732
5,159,363
Internet & Direct Marketing Retail — 0.1%
Harbor Freight Tools USA, Inc., 2016 Term Loan B, (1 mo. LIBOR + 3.25%), 4.60%, 08/18/23 (n) 491 493,639
Internet Software & Services — 0.5%
Go Daddy Operating Co. LLC, 2017 Repriced Term Loan, (1 mo. LIBOR + 2.25%), 3.60%, 02/15/24 (n) 1,186 1,189,354
Security Value
Internet Software & Services (continued)
GTT Communications, Inc., 2017 Add on Term Loan B, (1 mo. LIBOR + 3.25% 1.00% Floor),
4.63%, 01/09/24 (n) USD 161 $ 161,790
Rackspace Hosting, Inc., 2017 Incremental 1st Lien Term Loan, (3 mo. LIBOR + 3.00% 1.00% Floor),
4.38%, 11/03/23 (n) 1,049 1,047,867
TierPoint LLC, 2017 1st Lien Term Loan, (1 mo. LIBOR + 3.75% 1.00% Floor), 5.10%, 05/06/24 (n) 469 467,264
WaveDivision Holdings LLC, Term Loan B, (2 mo. LIBOR + 2.75% 1.00% Floor), 4.13%, 10/15/19 (n) 380 380,097
3,246,372
IT Services — 2.3%
First Data Corp. (n):
2022 Term Loan, (1 mo. LIBOR + 2.25%), 3.56%, 07/08/22 815 815,326
2024 Term Loan, (1 mo. LIBOR + 2.25%), 3.56%, 04/26/24 3,755 3,754,568
First Data Corp. (n) (continued):
Term Loan A, (1 mo. LIBOR + 1.75%), 3.06%, 06/02/20 131 131,321
NeuStar, Inc. (n) :
Term Loan B1, (3 mo. LIBOR + 3.25%), 4.65%, 01/08/20 104 104,927
Term Loan B2, (3 mo. LIBOR + 3.75% 1.00% Floor), 5.15%, 08/08/24 344 346,998
Optiv Security, Inc. (n) :
1st Lien Term Loan, (3 mo. LIBOR + 3.25% 1.00% Floor), 4.63%, 02/01/24 1,229 1,170,411

S CHEDULES OF I NVESTMENTS 35

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
IT Services (continued)
Optiv Security, Inc. (continued) (n) :
2nd Lien Term Loan, (3 mo. LIBOR + 7.25% 1.00% Floor), 8.63%, 02/01/25 USD 335 $ 309,519
Peak 10, Inc. (n) :
2017 1st Lien Term Loan, (2 mo. LIBOR + 3.50% 1.00% Floor), 4.82%, 08/01/24 696 697,178
2017 2nd Lien Term Loan, (3 mo. LIBOR + 7.25% 1.00% Floor), 8.63%, 08/01/25 513 518,556
Sabre Global Inc., Incremental Term Loan B, (1 mo. LIBOR + 2.25% 1.00% Floor), 3.60%, 02/22/24 (n) 896 899,243
TKC Holdings, Inc. (n) :
2017 2nd Lien Term Loan, (2 mo. LIBOR + 8.00% 1.00% Floor), 9.42%, 02/01/24 438 441,285
2017 Term Loan, (1 mo. LIBOR + 4.25% 1.00% Floor), 5.67%, 02/01/23 716 724,015
Trans Union LLC, Term Loan B3, (1 mo. LIBOR + 2.00%), 3.35%, 04/10/23 (n) 1,140 1,143,539
Vantiv LLC, 2017 Term Loan B, (1 mo. LIBOR + 2.00%), 3.25%, 10/14/23 (n) 515 517,697
VF Holding Corp., Reprice Term Loan, (1 mo. LIBOR + 3.25% 1.00% Floor), 4.60%, 06/30/23 (n) 1,446 1,453,075
Security Value
IT Services (continued)
WEX, Inc., 2017 Term Loan B2, (1 mo. LIBOR + 2.75%), 4.10%, 06/30/23 (n) USD 1,200 $ 1,207,119
14,234,777
Life Sciences Tools & Services — 0.2%
Albany Molecular Research, Inc. (n) :
2017 1st Lien Term Loan, (3 mo. LIBOR + 3.25% 1.00% Floor), 4.58%, 08/30/24 306 306,894
2017 2nd Lien Term Loan, (3 mo. LIBOR + 7.00% 1.00% Floor), 8.33%, 08/30/25 300 303,750
Parexel International Corp., Term Loan B, (1 mo. LIBOR + 3.00%), 4.35%, 09/27/24 (n) 560 563,035
1,173,679
Machinery — 0.7%
Clark Equipment Co., 2017 Term Loan B, (3 mo. LIBOR + 2.50%), 3.83%, 05/18/24 (n) 356 357,551
Columbus McKinnon Corp., Term Loan B, (3 mo. LIBOR + 3.00% 1.00% Floor), 4.33%, 01/31/24 (a)(n) 92 93,170
Gardner Denver, Inc., 2017 Term Loan B, (3 mo. LIBOR + 2.75%), 4.08%, 07/30/24 (n) 889 891,629
Hayward Industries, Inc., 1st Lien Term Loan, (1 mo. LIBOR + 3.50%), 4.85%, 08/05/24 (n) 494 495,077
Infiltrator Systems, Inc., 2017 1st Lien Term Loan B, (3 mo. LIBOR + 3.00% 1.00% Floor),
4.33%, 05/27/22 (n) 756 760,950

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

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Machinery (continued)
Mueller Water Products, Inc., 2017 Term Loan B, (3 mo. LIBOR + 2.50%), 3.85%, 11/25/21 (n) USD 297 $ 298,883
Rexnord LLC, 2016 Term Loan B, (3 mo. LIBOR + 2.75%, 1.00% Floor), 4.11%, 08/21/23 (n) 759 759,170
Signode Industrial Group US, Inc., Term Loan B, (1 mo. LIBOR + 2.75%, 1.00% Floor), 4.10%, 05/04/21 (n) 76 76,872
Tecomet Inc., 2017 Repriced Term Loan, (3 mo. LIBOR + 3.75%, 1.00% Floor), 5.13%, 05/01/24 (n) 459 462,719
4,196,021
Media — 3.2%
Altice Financing SA, 2017 1st Lien Term Loan,
01/05/26 (a)(o) 84 80,995
Altice US Finance I Corp., 2017 Term Loan, (1 mo. LIBOR + 2.25%), 3.60%, 07/28/25 (n) 2,193 2,175,682
Cable One, Inc., 2017 Term Loan B, (2 mo. LIBOR + 2.25%), 3.57%, 05/01/24 (a)(n) 259 259,674
CBS Radio Inc., 2017 Term Loan B, (3 mo. LIBOR + 2.75%), 4.17%, 11/17/24 (n) 376 378,198
Charter Communications Operating LLC, 2016 Term Loan I Add, (1 mo. LIBOR + 2.25%), 3.60%, 01/15/24 (n) 1,705 1,712,382
CSC Holdings LLC, 2017 1st Lien Term Loan, (1 mo. LIBOR + 2.25%), 3.51%, 07/17/25 (n) 1,496 1,486,892
DHX Media Ltd., Term Loan B, (1 mo. LIBOR + 3.75%, 1.00% Floor), 5.10%, 12/29/23 (n) 279 279,476
Getty Images, Inc., Term Loan B, (3 mo. LIBOR + 3.50%), 4.83%, 10/18/19 (n) 177 153,975
Security Value
Media (continued)
Gray Television, Inc., 2017 Term Loan B, (1 mo. LIBOR + 2.25%), 3.49%, 02/07/24 (n) USD 502 $ 504,005
Houghton Mifflin Harcourt Publishing Co., 2015 Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.35%,
05/31/21 (n) 262 243,107
iHeartCommunications, Inc. (n) :
Extended Term Loan E, (3 mo. LIBOR + 7.50%), 8.83%, 07/30/19 215 160,915
Term Loan D, (3 mo. LIBOR + 6.75%), 8.08%, 01/30/19 1,972 1,485,307
Intelsat Jackson Holdings SA, Term Loan B2, (3 mo. LIBOR + 2.75%, 1.00% Floor),
4.07%, 06/30/19 (n) 2,360 2,352,521
Learfield Communications LLC, 2016 1st Lien Term Loan, (1 mo. LIBOR + 3.25%, 1.00% Floor), 4.60%,
12/01/23 (a)(n) 566 568,432
Mission Broadcasting, Inc., 2017 Term Loan B2, (1 mo. LIBOR + 2.50%), 3.74%, 01/17/24 (n) 150 150,171
Nexstar Broadcasting, Inc., 2017 Term Loan B2, (1 mo. LIBOR + 2.50%), 3.74%, 01/17/24 (n) 1,187 1,189,557
Numericable Group SA, Term Loan B12, (3 mo. LIBOR + 3.00%), 4.35%, 01/31/26 (n) 542 528,450
Radiate Holdco LLC, 1st Lien Term Loan, (1 mo. LIBOR + 3.00%), 4.35%, 02/01/24 (n) 448 444,114
SBA Senior Finance II LLC, Term Loan B1, (1 mo. LIBOR + 2.25%), 3.60%, 03/24/21 (n) 674 675,097

S CHEDULES OF I NVESTMENTS 37

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Media (continued)
Trader Corp., 2017 Term Loan B, (OR + 3.00%, 1.00% Floor), 4.41%, 09/28/23 (n) USD 417 $ 417,191
Tribune Media Co., Term Loan C, (1 mo. LIBOR + 3.00%), 4.35%, 01/27/24 (n) 1,222 1,223,649
Unitymedia Finance LLC, Term Loan B, (1 mo. LIBOR + 2.25%), 3.50%, 09/30/25 (n) 691 690,710
Univision Communications, Inc., Term Loan C5, (1 mo. LIBOR + 2.75%, 1.00% Floor), 4.10%, 03/15/24 (n) 623 618,435
Virgin Media Bristol LLC, 2017 Term Loan,
01/31/26 (o) 1,795 1,793,887
William Morris Endeavor Entertainment LLC, 1st Lien Term Loan, (3 mo. LIBOR + 3.25%, 1.00% Floor),
4.57%, 05/06/21 (n) 109 109,380
Ziggo Secured Finance Partnership, Term Loan E, (1 mo. LIBOR + 2.50%), 3.75%, 04/15/25 (n) 516 512,904
20,195,106
Metals & Mining — 0.0%
WireCo WorldGroup, Inc., 2016 1st Lien Term Loan, (3 mo. LIBOR + 5.50%, 1.00% Floor), 6.82%, 09/30/23 (n) 233 232,843
Multiline Retail — 0.2%
Hudson’s Bay Co., 2015 Term Loan B, (3 mo. LIBOR + 3.25%, 1.00% Floor), 4.72%, 09/30/22 (n) 966 949,084
Oil, Gas & Consumable Fuels — 1.2%
BCP Raptor LLC, Term Loan B, (3 mo. LIBOR + 4.25%, 1.00% Floor), 5.73%, 06/24/24 (n) 569 572,487
Security Value
Oil, Gas & Consumable Fuels (continued)
BCP Renaissance Parent LLC, 2017 Term Loan B, (3 mo. LIBOR + 4.00%, 1.00% Floor),
5.38%, 10/31/24 (n) USD 670 $ 676,070
California Resources Corp.:
2017 1st Lien Term Loan, 11/08/22 (o) 521 512,148
Second Out Term Loan, (1 mo. LIBOR + 10.37%), 11.66%, 12/31/21 (n) 745 804,671
Chesapeake Energy Corp., Term Loan, (3 mo. LIBOR + 7.50%, 1.00% Floor), 8.95%, 08/23/21 (n) 962 1,023,090
CITGO Holding, Inc., 2015 Term Loan B, (3 mo. LIBOR + 8.50%, 1.00% Floor), 9.84%, 05/12/18 (n) 325 325,555
CONSOL Energy, Inc., 1st Lien Term Loan B,
10/26/22 (o) 260 260,648
EWT Holdings III Corp., 1st Lien Term Loan, (3 mo. LIBOR + 3.75%, 1.00% Floor),
5.08%, 01/15/21 (n) 273 274,584
Medallion Midland Acquisition LLC, 1st Lien Term Loan, (3 mo. LIBOR + 3.25%, 1.00% Floor), 4.56%,
10/30/24 (a)(n) 410 410,512
MEG Energy Corp., 2017 Term Loan B, (3 mo. LIBOR + 3.50%, 1.00% Floor), 4.83%, 12/31/23 (n) 745 744,709
Moxie Patriot LLC, Term Loan B1, (3 mo. LIBOR + 5.75%), 7.08%, 12/19/20 (a)(n) 157 151,219
PowerTeam Services LLC, 2nd Lien Term Loan, (3 mo. LIBOR + 7.25%, 1.00% Floor), 8.58%, 11/06/20 (n) 275 273,969

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

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Oil, Gas & Consumable Fuels (continued)
Ultra Resources, Inc., 1st Lien Term Loan, (3 mo. LIBOR + 3.00%, 1.00% Floor), 4.41%, 04/12/24 (n) USD 476 $ 474,810
Veresen Midstream LP, Reprice Term Loan B, (1 mo. LIBOR + 3.00%), 4.35%, 03/31/22 (n) 812 817,505
Vine Oil & Gas LP, Term Loan B, (1 mo. LIBOR + 6.87%, 1.00% Floor), 8.22%, 12/12/21 (a)(n) 383 377,255
7,699,232
Personal Products — 0.4%
Clover Merger Sub, Inc. (n):
2017 1st Lien Term Loan, (3 mo. LIBOR + 3.50%, 1.00% Floor), 4.83%, 09/26/24 1,200 1,146,000
2017 2nd Lien Term Loan, (3 mo. LIBOR + 7.75%, 1.00% Floor), 9.08%, 09/26/25 544 489,600
Prestige Brands, Inc., Term Loan B4, (1 mo. LIBOR + 2.75%), 4.10%, 01/26/24 (n) 824 828,339
Revlon Consumer Products Corp., 2016 Term Loan B, (1 mo. LIBOR + 3.50%), 4.85%, 09/07/23 (n) 116 87,527
2,551,466
Pharmaceuticals — 0.7%
Akorn, Inc., Term Loan B, (1 mo. LIBOR + 4.25%), 5.63%, 04/16/21 (a)(n) 609 610,256
Grifols Worldwide Operations USA, Inc., 2017 Acquisition Term Loan, (1 Week LIBOR + 2.25%), 3.45%,
01/31/25 (n) 1,234 1,236,885
Jaguar Holding Co. II, 2017 Term Loan, (3 mo. LIBOR + 2.75%, 1.00% Floor), 4.10%, 08/18/22 (n) 1,531 1,533,063
Security Value
Pharmaceuticals (continued)
Valeant Pharmaceuticals International, Inc., Series F1 Term Loan B, (1 mo. LIBOR + 3.50%), 4.75%,
04/01/22 (n) USD 1,067 $ 1,081,617
4,461,821
Professional Services — 0.4%
Advantage Sales & Marketing, Inc., 2014 1st Lien Term Loan, (2 mo. LIBOR + 3.25%, 1.00% Floor),
4.63%, 07/23/21 (n) 165 159,698
Cast and Crew Payroll LLC, 2017 1st Lien Term Loan B, (3 mo. LIBOR + 3.00%), 4.33%, 09/26/24 (n) 747 751,796
Information Resources, Inc., 1st Lien Term Loan, (OR + 4.25%, 1.00% Floor), 5.62%, 01/18/24 (n) 343 345,276
SIRVA Worldwide, Inc., 2016 Term Loan, (3 mo. LIBOR + 6.50%, 1.00% Floor), 7.84%, 11/14/22 (a)(n) 238 239,391
Sterling Infosystems, Inc., 1st Lien Term Loan B, (3 mo. LIBOR + 3.50%, 1.00% Floor), 4.84%, 06/20/22 (a)(n) 737 738,912
2,235,073
Real Estate Investment Trusts (REITs) — 0.3%
Capital Automotive LP, 2017 1st Lien Term Loan, (1 mo. LIBOR + 2.50%, 1.00% Floor), 3.85%, 03/24/24 (n) 248 248,312
MGM Growth Properties Operating Partnership LP, 2016 Term Loan B, (1 mo. LIBOR + 2.25%), 3.60%, 04/25/23 (n) 1,378 1,384,051

S CHEDULES OF I NVESTMENTS 39

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Real Estate Investment Trusts (REITs) (continued)
RHP Hotel Properties LP, 2017 Term Loan B, (3 mo. LIBOR + 2.25%), 3.67%, 05/11/24 (a)(n) USD 408 $ 410,500
2,042,863
Real Estate Management & Development — 0.4%
CityCenter Holdings LLC, 2017 Term Loan B, (1 mo. LIBOR + 2.50%), 3.85%, 04/18/24 (n) 1,123 1,127,263
DTZ US Borrower LLC, 2015 1st Lien Term Loan, (3 mo. LIBOR + 3.25%, 1.00% Floor), 4.63%, 11/04/21 (n) 497 488,568
Realogy Corp., 2017 Term Loan B, (1 mo. LIBOR + 2.25%), 3.60%, 07/20/22 (n) 814 816,811
2,432,642
Road & Rail — 0.2%
PODS LLC, 2017 Term Loan B, 11/21/24 (o) 885 887,770
Road Infrastructure Investment LLC, 2016 1st Lien Term Loan, (1 mo. LIBOR + 3.50%, 1.00% Floor), 4.81%,
06/13/23 (n) 149 149,319
1,037,089
Semiconductors & Semiconductor Equipment — 0.1%
Cavium, Inc., 2017 Term Loan B, (PRIME + 1.25%), 3.60%, 08/16/22 (a)(n) 236 235,563
MaxLinear, Inc., Term Loan B, (1 mo. LIBOR + 2.50%), 3.76%, 05/12/24 (a)(n) 146 147,095
Microsemi Corp., 2017 1st Lien Term Loan B, (2 mo. LIBOR + 2.00%), 3.38%, 01/13/23 (n) 145 145,962
Security Value
Semiconductors & Semiconductor Equipment (continued)
ON Semiconductor Corp., 2017 1st Lien Term Loan, (1 mo. LIBOR + 2.00%), 3.35%, 03/31/23 (n) USD 167 $ 167,210
695,830
Software — 4.0%
Almonde, Inc. (n) :
1st Lien Term Loan, (3 mo. LIBOR + 3.50%, 1.00% Floor), 4.98%, 06/13/24 633 632,576
2nd Lien Term Loan, (3 mo. LIBOR + 7.25%, 1.00% Floor), 8.73%, 06/13/25 178 177,911
Applied Systems, Inc. (n) :
2017 1st Lien Term Loan, (3 mo. LIBOR + 3.25%, 1.00% Floor), 4.57%, 09/19/24 645 651,430
Applied Systems, Inc. (n) (continued):
2017 2nd Lien Term Loan, (3 mo. LIBOR + 7.00%, 1.00% Floor), 8.32%, 09/19/25 160 164,115
Aptean, Inc., 2017 1st Lien Term Loan, (3 mo. LIBOR + 4.25%, 1.00% Floor), 5.59%, 12/20/22 (n) 378 380,622
BMC Software Finance, Inc., 2017 Term Loan, (1 mo. LIBOR + 3.75%, 1.00% Floor), 5.10%, 09/10/22 (n) 1,151 1,151,619
Cypress Intermediate Holdings, Inc. (n) :
2017 1st Lien Term Loan, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.35%, 04/27/24 293 293,510
2017 2nd Lien Term Loan, (1 mo. LIBOR + 6.75%, 1.00% Floor), 8.10%, 04/27/25 248 253,890

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

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Software (continued)
Dell Inc., 2017 1st Lien Term Loan, (1 mo. LIBOR + 2.00%), 3.35%, 09/07/23 (n) USD 880 $ 880,115
Digicel International Finance Ltd., 2017 Term Loan B, (1 mo. LIBOR + 3.75%), 5.08%, 05/28/24 (n) 876 876,219
DTI Holdco, Inc., 2016 Term Loan B, (2 mo. LIBOR + 5.25%, 1.00% Floor), 6.63%, 09/30/23 (n) 506 503,630
Hyland Software, Inc. (n) :
2017 1st Lien Term Loan, (1 mo. LIBOR + 3.25%), 4.60%, 07/01/22 442 445,782
2017 2nd Lien Term Loan, (1 mo. LIBOR + 7.00%), 8.35%, 07/07/25 190 193,800
Infor (US), Inc., Term Loan B6, (3 mo. LIBOR + 2.75%, 1.00% Floor), 4.08%, 02/01/22 (n) 1,365 1,363,199
Informatica Corp., Term Loan, (3 mo. LIBOR + 3.50%, 1.00% Floor), 4.83%, 08/05/22 (n) 1,246 1,248,546
IQOR US, Inc., Term Loan B, (3 mo. LIBOR + 5.00%, 1.00% Floor), 6.34%, 04/01/21 (n) 375 372,807
Kronos, Inc. (n) :
2017 Term Loan B, (1 mo. LIBOR + 3.50%, 1.00% Floor), 4.84%, 11/01/23 1,161 1,166,500
2nd Lien Term Loan, (3 mo. LIBOR + 8.25%, 1.00% Floor), 9.63%, 11/01/24 615 633,321
LANDesk Group, Inc., 2017 Term Loan B, (1 mo. LIBOR + 4.25%, 1.00% Floor), 5.60%, 01/20/24 (n) 179 173,238
Security Value
Software (continued)
MA FinanceCo., LLC, Term Loan B3, (3 mo. LIBOR + 2.75%), 4.06%, 06/21/24 (n) USD 90 $ 90,448
McAfee LLC, 2017 Term Loan B, (3 mo. LIBOR + 4.50%, 1.00% Floor), 5.83%, 09/30/24 (n) 630 632,659
Mitchell International, Inc.:
1st Lien Term Loan, (3 mo. LIBOR + 3.50%, 1.00% Floor), 4.81%, 10/13/20 (n) 688 687,663
2017 1st Lien Term Loan, 11/20/24 (o) 1,258 1,257,980
2017 2nd Lien Term Loan, 11/20/25 (o) 400 402,832
2017 Delayed Draw Term Loan, 11/20/24 (o) 102 101,640
2nd Lien Term Loan, (3 mo. LIBOR + 7.50%, 1.00% Floor), 8.88%, 10/11/21 (n) 600 600,000
Project Alpha Intermediate Holding, Inc., 2017 Term Loan B, (3 mo. LIBOR + 3.50%, 1.00% Floor), 5.04%,
04/26/24 (n) 589 575,978
Project Leopard Holdings, Inc., Term Loan B, (3 mo. LIBOR + 5.50%, 1.00% Floor), 6.83%, 07/07/23 (n) 280 281,750
Seattle Spinco, Inc., Term Loan B3, (3 mo. LIBOR + 2.75%), 4.06%, 06/21/24 (n) 610 610,818
SolarWinds Holdings, Inc., 2017 Term Loan, (1 mo. LIBOR + 3.50%, 1.00% Floor), 4.85%, 02/05/23 (n) 909 911,814
Solera LLC, Term Loan B, (1 mo. LIBOR + 3.25%, 1.00% Floor), 4.60%, 03/03/23 (n) 1,415 1,421,863

S CHEDULES OF I NVESTMENTS 41

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Software (continued)
Sophia LP, 2017 Term Loan B, (3 mo. LIBOR + 3.25%, 1.00% Floor), 4.58%, 09/30/22 (n) USD 1,627 $ 1,625,758
SS&C Technologies, Inc. (n):
2017 Term Loan B1, (1 mo. LIBOR + 2.25%), 3.60%, 07/08/22 1,532 1,541,172
2017 Term Loan B2, (1 mo. LIBOR + 2.25%), 3.60%, 07/08/22 66 66,895
Tempo Acquisition LLC, Term Loan, (1 mo. LIBOR + 3.00%), 4.35%, 05/01/24 (n) 1,187 1,184,563
Tibco Software Inc., Repriced Term Loan B, (1 mo. LIBOR + 3.50%, 1.00% Floor), 4.85%, 12/04/20 (n) 884 885,417
Veritas Bermuda Ltd., Repriced Term Loan B, (3 mo. LIBOR + 4.50%, 1.00% Floor), 5.83%, 01/27/23 (n) 452 451,962
24,894,042
Specialty Retail — 0.7%
Academy Ltd., 2015 Term Loan B, (3 mo. LIBOR + 4.00%, 1.00% Floor), 5.32%, 07/01/22 (n) 320 256,568
Belron SA, Term Loan B, (3 mo. LIBOR + 2.50%), 3.89%, 11/07/24 (n) 762 766,999
Leslie’s Poolmart, Inc., 2016 Term Loan, (3 mo. LIBOR + 3.75%, 1.00% Floor),
5.06%, 08/16/23 (n) 664 660,865
Michaels Stores, Inc., 2016 Term Loan B1, (1 mo. LIBOR + 2.75%, 1.00% Floor), 4.10%, 01/30/23 (n) 402 398,121
National Vision, Inc., 2017 Repriced Term Loan, (3 mo. LIBOR + 2.75%), 3.94%, 11/12/24 (n) 581 581,058
Security Value
Specialty Retail (continued)
Party City Holdings, Inc., 2016 Term Loan, (3 mo. LIBOR + 3.00%), 4.34%, 08/19/22 (n) USD 180 $ 179,739
Petco Animal Supplies, Inc., 2017 Term Loan B, (3 mo. LIBOR + 3.00%, 1.00% Floor),
4.38%, 01/26/23 (n) 501 393,858
PetSmart, Inc., Term Loan B2, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.34%, 03/11/22 (n) 59 50,574
Staples, Inc., 2017 Term Loan B, (3 mo. LIBOR + 4.00%, 1.00% Floor), 5.31%, 09/12/24 (n) 511 488,920

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

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Specialty Retail (continued)
TruGreen LP, 2017 Term Loan, (1 mo. LIBOR + 4.00%, 1.00% Floor), 5.25%, 04/13/23 (n) USD 381 $ 386,847
4,163,549
Technology Hardware, Storage & Peripherals — 0.3%
Western Digital Corp., 2017 Term Loan B, (3 mo. LIBOR + 2.00%), 3.31%, 04/29/23 (n) 1,620 1,624,215
Textiles, Apparel & Luxury Goods — 0.1%
Ascend Performance Materials Operations LLC, Term Loan B, (3 mo. LIBOR + 5.25%, 1.00% Floor),
6.58%, 08/12/22 (a)(n) 710 714,236
Thrifts & Mortgage Finance — 0.1%
IG Investment Holdings LLC, 2017 1st Lien Term Loan, (3 mo. LIBOR + 3.50%, 1.00% Floor),
4.89%, 10/29/21 (n) 829 834,040
Trading Companies & Distributors — 0.5%
Beacon Roofing Supply, Inc.:
2017 Term Loan B, 08/23/24 (o) 1,018 1,019,914
Term Loan B, (1 mo. LIBOR + 2.75%),
4.06%, 10/01/22 (n) 835 836,026
HD Supply, Inc. (n) :
Term Loan B3, (3 mo. LIBOR + 2.25%), 3.58%, 08/13/21 818 822,207
Term Loan B4, (3 mo. LIBOR + 2.50%), 3.83%, 10/17/23 223 224,802
Security Value
Trading Companies & Distributors (continued)
Nexeo Solutions LLC, 2017 Term Loan B, (3 mo. LIBOR + 3.75%), 5.08%, 06/09/23 (n) USD 109 $ 109,172
3,012,121
Transportation — 0.0%
Gruden Acquisition, Inc., 2017 Term Loan, (3 mo. LIBOR + 5.50%, 1.00% Floor), 6.83%, 08/18/22 (n) 256 255,628
Utilities — 0.0%
ExGen Renewables IV LLC, Term Loan B,
11/07/24 (a)(o) 225 226,687
Wireless Telecommunication Services — 0.9%
GEO Group, Inc., 2017 Term Loan B, (3 mo. LIBOR + 2.25%), 3.57%, 03/22/24 (n) 728 729,250
Ligado Networks LLC (n) :
2015 2nd Lien Term Loan, 13.82%, 12/07/20 34 20,705
PIK Exit Term Loan (9.75% PIK),
9.75%, 12/07/20 (i) 2,265 2,147,818
VICI Properties 1 LLC, 2017 Term Loan B, (1 mo. LIBOR + 3.50%), 4.75%, 10/14/22 (n) 2,787 2,786,355
5,684,128
Total Floating Rate Loan Interests — 38.5% (Cost — $243,005,255) 242,498,565
Foreign Agency Obligations — 4.2%
Argentine Republic Government International Bond:
5.63%, 01/26/22 (h) 326 342,137

S CHEDULES OF I NVESTMENTS 43

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Argentine Republic Government International Bond (continued):
7.50%, 04/22/26 (h) USD 3,008 $ 3,400,544
6.88%, 01/26/27 765 836,145
7.63%, 04/22/46 (h) 2,422 2,715,062
Bahrain Government International Bond,
6.75%, 09/20/29 (e) 200 195,743
Colombia Government International Bond, 3.88%, 04/25/27 260 263,770
Cyprus Government International Bond,
4.63%, 02/03/20 (e) EUR 2,600 3,368,872
Egypt Government International Bond:
5.75%, 04/29/20 USD 1,025 1,069,370
8.50%, 01/31/47 (e) 227 259,538
Hellenic Republic Government Bond (l) :
3.00%, 02/24/23 EUR 8 8,170
3.00%, 02/24/24 8 7,982
3.00%, 02/24/25 8 7,851
3.00%, 02/24/26 8 7,724
3.00%, 02/24/27 7 7,621
3.00%, 02/24/28 7 7,403
3.00%, 02/24/29 7 7,217
3.00%, 02/24/30 7 7,092
3.00%, 02/24/31 7 6,981
3.00%, 02/24/32 7 6,892
3.00%, 02/24/33 7 6,798
3.00%, 02/24/34 7 6,718
3.00%, 02/24/35 7 6,681
3.00%, 02/24/36 7 6,602
3.00%, 02/24/37 7 6,608
3.00%, 02/24/38 7 6,627
3.00%, 02/24/39 7 6,636
3.00%, 02/24/40 7 6,592
3.00%, 02/24/41 7 6,653
3.00%, 02/24/42 7 6,675
Iceland Government International Bond, 5.88%, 05/11/22 USD 3,030 3,418,494
Security Value
Indonesia Government International Bond:
3.75%, 04/25/22 USD 451 $ 464,804
4.75%, 01/08/26 654 708,258
Lebanon Government International Bond, 6.85%, 03/23/27 455 433,102
Mexican Bonos:
8.00%, 06/11/20 MXN 24 131,457
7.50%, 06/03/27 94 512,095
Portugal Government International Bond,
5.13%, 10/15/24 (e) USD 3,190 3,400,955
Republic of South Africa Government International Bond:
5.50%, 03/09/20 407 427,741
5.88%, 05/30/22 475 517,180
4.88%, 04/14/26 227 227,112
Russian Federal Bond — OFZ:
6.40%, 05/27/20 RUB 8,327 140,032
7.05%, 01/19/28 35,804 594,006
Russian Foreign Bond — Eurobond:
4.75%, 05/27/26 USD 200 211,607
4.25%, 06/23/27 600 613,512
Turkey Government International Bond:
7.00%, 06/05/20 (h) 468 503,802
5.63%, 03/30/21 369 386,657
5.13%, 03/25/22 584 602,227
7.38%, 02/05/25 147 167,426
6.00%, 03/25/27 222 232,948
Total Foreign Agency Obligations — 4.2% (Cost — $25,122,101) 26,286,119
Investment Companies — 0.5%
iShares iBoxx USD High Yield Corporate Bond
ETF (s) 25,000 2,194,500

44 2017 B LACK R OCK Q UARTERLY R EPORT TO S HAREHOLDERS

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Investment Companies (continued)
SPDR Bloomberg Barclays Short Term High Yield Bond ETF 45,000 $ 1,248,300
3,442,800
Total Investment Companies — 0.5% (Cost — $3,435,867) 3,442,800
Non-Agency Mortgage-Backed Securities —
7.2%
Collateralized Mortgage Obligations — 0.9%
Countrywide Alternative Loan Trust, Series 2005-54CB, Class 3A4, 5.50%, 11/25/35 USD 2,566 2,255,206
Countrywide Home Loan Mortgage Pass-Through Trust:
Series 2005-17, Class 1A6, 5.50%, 09/25/35 482 479,146
Series 2006-17, Class A2, 6.00%, 12/25/36 1,390 1,195,100
Series 2007-HY5, Class 3A1, 3.37%, 09/25/37 (f) 1,003 946,713
GSR Mortgage Loan Trust, Series 2005-AR5, Class 2A3,
3.59%, 10/25/35 (f) 807 705,035
5,581,200
Commercial Mortgage-Backed Securities — 6.1%
Banc of America Merrill Lynch Commercial Mortgage Securities Trust, Series 2015-200P, Class C, 3.72%, 04/14/33 (e)(f) 4,830 4,892,618
Citigroup Commercial Mortgage Trust, Series 2015-SSHP, Class D, (1 mo. LIBOR + 3.05%), 4.28%,
09/15/27 (d)(e) 2,825 2,837,092
Commercial Mortgage Pass-Through Certificates, Series 2014-PAT (d)(e) :
Class E, (1 mo. LIBOR + 3.15%), 4.38%, 08/13/27 1,000 1,014,978
Security Value
Commercial Mortgage-Backed Securities (continued)
Commercial Mortgage Pass-Through Certificates, Series 2014-PAT (d)(e) (continued):
Class F, (1 mo. LIBOR + 2.44%), 2.83%, 08/13/27 USD 2,000 $ 1,997,669
Commercial Mortgage Trust:
Series 2013-LC6, Class B, 3.74%, 01/10/46 1,110 1,120,701
Series 2015-3BP, Class A, 3.18%, 02/10/35 (e) 5,930 5,976,441
Series 2015-CR22,
Class B, 3.93%, 03/10/48 (f) 5,000 5,039,212
Core Industrial Trust, Series 2015-TEXW, Class D, 3.98%, 02/10/34 (e)(f) 3,615 3,689,227
CSAIL Commercial Mortgage Trust, Series 2015-C1, Class B,
4.04%, 04/15/50 (f) 890 907,609
GAHR Commercial Mortgage Trust, Series 2015-NRF, Class DFX, 3.49%, 12/15/34 (e)(f) 4,830 4,858,839
Greenwich Capital Commercial Funding Corp. Commercial Mortgage Trust, Series 2006-GG7, Class AM, 5.96%, 07/10/38 (f) 667 671,685
GS Mortgage Securities Corp. II, Series 2013-GC10, Class B, 3.68%, 02/10/46 (e) 1,995 2,026,565

S CHEDULES OF I NVESTMENTS 45

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Commercial Mortgage-Backed Securities (continued)
JPMorgan Chase Commercial Mortgage Securities Trust:
Series 2004-LN2, Class A2, 5.12%, 07/15/41 USD 6 $ 5,969
Series 2016-NINE, Class A, 2.95%,
10/06/38 (e)(f) 800 781,556
WF-RBS Commercial Mortgage Trust, Series 2012-C8:
Class B, 4.31%, 08/15/45 1,085 1,135,319
Class C, 5.06%, 08/15/45 (f) 1,395 1,440,751
38,396,231
Interest Only Commercial Mortgage-Backed Securities — 0.2%
Commercial Mortgage Loan Trust, Series 2015-LC21, Class XA,
0.99%, 07/10/48 (f) 15,916 647,172
Security Value
Interest Only Commercial Mortgage-Backed Securities (continued)
WF-RBS Commercial Mortgage Trust, Series 2014-C20, Class XA, 1.29%, 05/15/47 (f) USD 14,228 $ 666,228
1,313,400
Total Non-Agency Mortgage-Backed
Securities — 7.2% (Cost — $44,831,755) 45,290,831
Other Interests — 0.0% (p)
Afghanistan — 0.0%
Lear Corp. Escrow (a) 1,000,000 10
United States — 0.0%
Millennium Corp. (a)(b) 917,752 —
Millennium Lender Claims (a)(b) 861,101 —
—
Total Other Interests — 0.0% (Cost — $—) 10

46 2017 B LACK R OCK Q UARTERLY R EPORT TO S HAREHOLDERS

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Preferred Securities — 11.2%
Capital Trusts — 9.0%
Auto Components — 0.1%
General Motors Financial Co., Inc., Series A,
5.75% (j)(k) USD 352 $ 361,624
Banks — 2.6%
Banco Santander SA, 6.25% (j)(k) 100 124,232
Capital One Financial Corp., Series
E, 5.55% (h)(j)(k) 3,000 3,127,500
CIT Group, Inc., Series A, 5.80% (j)(k) 475 489,844
Citigroup, Inc. (h)(j)(k) :
5.90% 5,000 5,385,500
5.95% 1,370 1,472,065
Series R, 6.13% 950 1,012,937
Cooperatieve Rabobank UA, 6.63% (j)(k) 200 276,011
Hongkong & Shanghai Banking Corp. Ltd., Series 3H,
1.63% (d)(k) 100 88,384
Intesa Sanpaolo SpA, 7.00% (j)(k) 200 264,430
Wells Fargo & Co., (h)(j)(k)
Series S, 5.90% 3,170 3,431,525
Series U, 5.88% 650 721,500
16,393,928
Capital Markets — 1.1%
Goldman Sachs Group, Inc. (k) :
Series M, 5.38% (h)(j) 1,730 1,791,588
Series P, 5.00% (f) 765 759,263
Morgan Stanley, Series H, 5.45% (h)(j)(k) 2,546 2,623,398
State Street Corp., Series F, 5.25% (h)(j)(k) 1,625 1,707,875
UBS Group AG, 5.75% (j)(k) 200 271,767
7,153,891
Chemicals — 0.0%
Lanxess AG, 4.50%, 12/06/76 (j) 50 66,160
Solvay Finance SA, 5.12% (j)(k) 100 133,546
199,706
Diversified Financial Services — 3.4%
ATF Netherlands BV, 3.75% (j)(k) 100 124,572
Bank of America Corp. (h)(j)(k) :
Series AA, 6.10% 1,521 1,686,409
Series U, 5.20% 1,250 1,293,863
Series V, 5.13% 510 522,750
Series X, 6.25% 1,929 2,136,367
Security Value
Diversified Financial Services (continued)
Credit Agricole SA, 6.50% (j)(k) USD 100 $ 135,093
Credit Suisse Group AG, 6.25% (j)(k) 200 217,119
HBOS Capital Funding LP, 6.85% (k) 100 102,139
HSBC Holdings PLC, 6.00% (j)(k) 415 435,958
HSH Nordbank AG, 7.25% (k) 29 15,182
HT1 Funding GmbH, 1.84% (j)(k) 30 34,854
JPMorgan Chase & Co., (h)(j)(k) :
Series U, 6.13% 6,690 7,410,981
Series V, 5.00% 4,060 4,166,575
Orange SA, 5.75% (j)(k) 100 150,617
Royal Bank of Scotland Group
PLC, 8.63% (j)(k) 400 451,000
Societe Generale SA, 6.00% (e)(h)(j)(k) 2,000 2,040,000
UniCredit SpA, 6.75% (j)(k) 200 258,281
21,181,760
Diversified Telecommunication Services — 0.1%
SoftBank Group Corp. (j)(k) 300,000 297,678
Telefonica Europe BV (j)(k) :
3.75% 100 125,423
4.20% 200 251,404
5.00% 100 128,243
802,748
Electric Utilities — 0.1%
Enel SpA (j) :
5.00%, 01/15/75 100 129,142
7.75%, 09/10/75 100 154,513
Origin Energy Finance Ltd., 4.00%,
09/16/74 (j) 100 124,269
407,924
Food & Staples Retailing — 0.0%
Danone SA, 1.75% (f)(k) 100 118,918
Insurance — 1.5%
Hartford Financial Services Group, Inc., 8.13%,
06/15/38 (h)(j) 2,500 2,568,750
Prudential Financial, Inc., 5.63%,
06/15/68 (h)(j) 3,250 3,522,188
Voya Financial, Inc., 5.65%, 05/15/53 (h)(j) 3,500 3,696,000
9,786,938
Oil, Gas & Consumable Fuels — 0.1%
Gas Natural Fenosa Finance BV, 3.38% (d)(k) 100 124,968

S CHEDULES OF I NVESTMENTS 47

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Oil, Gas & Consumable Fuels (continued)
Repsol International Finance BV,
4.50%, 03/25/75 (j) USD 100 $ 132,187
TOTAL SA, 3.88% (j)(k) 100 132,266
389,421
Total Capital Trusts — 9.0% 56,796,858
Preferred Stocks — 1.8%
Capital Markets — 1.8%
Goldman Sachs Group, Inc., Series J,
5.50% (j)(k) 202,526 5,496,556
Morgan Stanley (j)(k):
Series F, 6.88% 120,000 3,466,800
Series K, 5.85% 63,532 1,717,270
SCE Trust III, Series H, 5.75% (j)(k) 21,200 580,668
11,261,294
Wireless Telecommunication Services — 0.0%
CF-B L2 (D) LLC, (Acquired 04/08/15, cost $11,497) (q) 131,225 117,026
Total Preferred Stocks — 1.8% 11,378,320
Trust Preferred — 0.4%
Diversified Financial Services — 0.4%
GMAC Capital Trust I, Series 2, 7.10%, 2/15/2040 105,753 2,754,250
Total Preferred Securities — 11.2% (Cost — $66,990,619) 70,929,428
Security Value
U.S. Government Sponsored Agency Securities — 1.6%
Collateralized Mortgage Obligations — 1.0%
Fannie Mae Connecticut Avenue Securities, Series 2017-C03, Class 1M2, (1 mo. LIBOR US + 3.00%), 4.33%, 10/25/29 (d) USD 1,600 $ 1,656,482
Freddie Mac REMICS, Series 4480, Class ZX, 4.00%, 11/15/44 (h) 4,405 4,596,627
6,253,109
Interest Only Collateralized Mortgage Obligations — 0.4%
Fannie Mae Mortgage-Backed Securities, Series 2012-M9, Class X1,
4.24%, 12/25/17 (f) 295 31
Freddie Mac Mortgage-Backed Securities,
Class X1 (f):
Series K042, 1.19%, 12/25/24 34,607 2,127,043

48 2017 B LACK R OCK Q UARTERLY R EPORT TO S HAREHOLDERS

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Interest Only Collateralized Mortgage Obligations (continued)
Freddie Mac Mortgage-Backed Securities, Class X1 (f) (continued):
Series K707, 1.65%, 12/25/18 USD 40,013 $ 441,355
2,568,429
Mortgage-Backed Securities — 0.2%
Fannie Mae Mortgage-Backed Securities, 5.00%, 07/01/20 - 08/01/23 (h) 977 996,017
Total U.S. Government Sponsored Agency Securities — 1.6% (Cost —
$10,964,944) 9,817,555
U.S. Treasury Obligations — 0.5%
U.S. Treasury Bonds, 2.50%, 02/15/46 (h) 3,200 2,990,875
Total U.S. Treasury Obligations — 0.5% (Cost — $3,070,500) 2,990,875
Rights — 0.0%
Electric Utilities — 0.0%
Vista Energy (a) 18,144 17,055
Total Rights (Cost $—) 17,055
Security Value
Warrants — 0.0%
Metals & Mining — 0.0%
AFGlobal Corp. (Expires12/20/20) (a) 2,542 $ —
Software — 0.0%
HMH Holdings/EduMedia (Issued/exercisable 3/09/10, 19 Shares for 1 Warrant, Expires 6/22/19, Strike
Price $42.27) (a) 3,101 79
Total Warrants — 0.0% (Cost — $31) 79
Total Long-Term Investments — 140.5% (Cost — $876,474,477) 885,153,921
Short-Term Securities — 0.8%
BlackRock Liquidity Funds, T-Fund, Institutional Class, 0.95% (r)(s) 5,167,843 5,167,843
Total Short-Term Securities — 0.8% (Cost — $5,167,843) 5,167,843
Options Purchased — 0.1% (Cost — $748,905) 466,992
Total Investments Before Options Written — 141.4% (Cost —
$882,391,225) 890,788,756
Options Written (Premiums Received — $457,977) — (0.1)% (435,898 )
Total Investments, Net of Options Written — 141.3% (Cost —
$881,933,248) 890,352,858
Liabilities in Excess of Other Assets — (41.3)% (260,204,830 )
Net Assets — 100.0% $ 630,148,028

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

(b) Non-income producing security.

(c) Issuer filed for bankruptcy and/or is in default.

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

(e) 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.

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

(g) When-issued security.

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

(i) Payment-in-kind security which may pay interest/dividends in additional par/shares and/or in cash. Rates shown are the current rate and possible payment rates.

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

(k) Perpetual security with no stated maturity date.

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

S CHEDULES OF I NVESTMENTS 49

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Limited Duration Income Trust (BLW)

(m) Convertible security.

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

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

(p) Other interests represent beneficial interests in liquidation trusts and other reorganization or private entities.

(q) Restricted security as to resale, excluding 144A securities. As of period end, the Fund held restricted securities with a current value of $117,026 and an original cost of $11,497, which was less than 0.05% of its net assets.

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

(s) During the period ended November 30, 2017, investments in issuers considered to be affiliates of the Fund for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, and/or related parties of the Fund were as follows:

Affiliate Persons and/or Related Parties — BlackRock Liquidity Funds, T-Fund, Institutional Class 1,298,832 3,869,011 — 5,167,843 Value at 11/30/17 — $ 5,167,843 Income — $ 20,155 Net Realized Gain (Loss) (a) — $ — Change in Unrealized Appreciation (Depreciation) — $ —
iShares iBoxx $ High Yield Corporate Bond ETF — 25,000 — 25,000 2,194,500 7,306 — 9,070
$ 7,362,343 $ 27,461 $ — $ 9,070

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

(b) Represents net shares purchased.

Portfolio Abbreviations
ABS Asset-Backed Security
AUD Australian Dollar
CAD Canadian Dollar
CHF Swiss Franc
CLO Collateralized Loan Obligation
DIP Debtor-In-Possession
ETF Exchange-Traded Fund
EUR Euro
FNMA Federal National Mortgage Association
GBP British Pound
JPY Japanese Yen
LIBOR London Interbank Offered Rate
MXN Mexican Peso
NOK Norwegian Krone
NZD New Zealand Dollar
PIK Payment-In-Kind
SEK Swedish Krona
SPDR Standard & Poor’s Depository Receipts
USD U.S. Dollar

50 2017 B LACK R OCK Q UARTERLY R EPORT TO S HAREHOLDERS

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Limited Duration Income Trust (BLW)

Reverse Repurchase Agreements

Counterparty Face Value Face Value Including Accrued Interest Type of Non-Cash Underlying Collateral Remaining Contractual Maturity of the Agreements (a)
Credit Suisse Securities (USA) LLC 1.20 % 12/29/16 Open $ 2,860,000 $ 2,884,673 U.S. Treasury Obligations Open/Demand
RBC Capital Markets LLC 1.95 % 01/18/17 Open 440,000 446,759 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 01/23/17 Open 244,850 248,564 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 01/27/17 Open 1,113,552 1,130,354 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 01/27/17 Open 661,752 671,737 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 02/07/17 Open 257,480 261,235 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 02/15/17 Open 105,300 106,803 Corporate Bonds Open/Demand
HSBC Securities (USA), Inc. 1.75 % 02/23/17 Open 1,261,000 1,276,088 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 03/06/17 Open 1,697,000 1,720,020 Corporate Bonds Open/Demand
HSBC Securities (USA), Inc. 1.75 % 03/07/17 Open 875,000 885,674 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 03/09/17 Open 373,000 378,045 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 03/09/17 Open 316,000 320,274 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 03/09/17 Open 347,000 351,693 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 03/09/17 Open 340,000 344,598 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 03/10/17 Open 668,000 677,008 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 03/10/17 Open 441,000 446,947 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 03/10/17 Open 295,000 298,978 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 03/13/17 Open 587,000 594,845 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 03/13/17 Open 219,000 221,927 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 03/13/17 Open 195,000 197,590 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 03/14/17 Open 256,880 260,276 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 03/15/17 Open 162,000 164,155 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.55 % 03/16/17 Open 2,889,000 2,919,110 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.65 % 03/16/17 Open 2,741,000 2,771,539 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 03/16/17 Open 1,096,000 1,110,577 Capital Trusts Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 03/16/17 Open 1,287,000 1,304,117 Capital Trusts Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 03/16/17 Open 1,310,000 1,327,423 Corporate Bonds Open/Demand

S CHEDULES OF I NVESTMENTS 51

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Limited Duration Income Trust (BLW)

Reverse Repurchase Agreements

Counterparty Face Value Face Value Including Accrued Interest Type of Non-Cash Underlying Collateral Remaining Contractual Maturity of the Agreements (a)
Deutsche Bank Securities, Inc. 1.95 % 03/16/17 Open $ 1,504,000 $ 1,524,003 Capital Trusts Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 03/16/17 Open 329,000 333,376 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 03/16/17 Open 2,122,000 2,150,223 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 03/16/17 Open 279,000 282,657 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 03/16/17 Open 925,000 937,302 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 03/16/17 Open 1,485,000 1,500,493 Capital Trusts Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 03/16/17 Open 2,111,000 2,139,076 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 03/16/17 Open 2,496,000 2,529,197 Capital Trusts Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 03/16/17 Open 1,724,000 1,746,929 Capital Trusts Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 03/16/17 Open 128,000 129,702 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 03/16/17 Open 562,000 569,475 Capital Trusts Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 03/16/17 Open 161,000 163,141 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 03/16/17 Open 214,000 216,846 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 03/16/17 Open 992,000 1,005,194 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 03/16/17 Open 1,007,000 1,020,393 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 03/16/17 Open 131,000 132,742 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 03/16/17 Open 854,000 865,358 Capital Trusts Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 03/16/17 Open 466,000 472,198 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 03/16/17 Open 593,000 600,887 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 03/16/17 Open 423,000 428,626 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 03/16/17 Open 250,000 253,325 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 03/16/17 Open 549,000 556,302 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 03/16/17 Open 333,000 337,429 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 03/16/17 Open 1,145,000 1,160,228 Corporate Bonds Open/Demand

52 2017 B LACK R OCK Q UARTERLY R EPORT TO S HAREHOLDERS

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Limited Duration Income Trust (BLW)

Reverse Repurchase Agreements

Counterparty Face Value Face Value Including Accrued Interest Type of Non-Cash Underlying Collateral Remaining Contractual Maturity of the Agreements (a)
Deutsche Bank Securities, Inc. 1.95 % 03/16/17 Open $ 481,000 $ 487,397 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 03/16/17 Open 289,000 292,844 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 03/16/17 Open 922,000 934,263 Capital Trusts Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 03/16/17 Open 307,000 311,083 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 03/16/17 Open 921,000 933,249 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 03/16/17 Open 316,000 320,203 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 03/16/17 Open 814,000 824,826 Capital Trusts Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 03/16/17 Open 286,000 289,804 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 03/16/17 Open 33,000 33,439 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 03/16/17 Open 945,000 957,568 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 03/16/17 Open 398,000 403,293 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 03/16/17 Open 466,000 472,198 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 03/16/17 Open 397,000 402,280 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 03/16/17 Open 421,000 426,599 Capital Trusts Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 03/16/17 Open 781,000 791,387 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 03/16/17 Open 440,000 445,852 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 03/16/17 Open 416,000 421,533 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 03/16/17 Open 539,000 546,169 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 03/16/17 Open 646,000 654,592 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 03/16/17 Open 363,000 367,828 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 03/16/17 Open 298,000 301,963 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 03/16/17 Open 222,000 224,953 Corporate Bonds Open/Demand
UBS Ltd. 1.50 % 03/16/17 Open 2,970,000 2,999,886 Capital Trusts Open/Demand
UBS Ltd. 1.50 % 03/16/17 Open 2,647,500 2,674,140 Capital Trusts Open/Demand
UBS Ltd. 1.75 % 03/16/17 Open 1,112,875 1,126,075 Corporate Bonds Open/Demand
UBS Ltd. 1.75 % 03/16/17 Open 265,632 268,783 Corporate Bonds Open/Demand
UBS Ltd. 1.75 % 03/16/17 Open 373,450 377,880 Corporate Bonds Open/Demand

S CHEDULES OF I NVESTMENTS 53

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Limited Duration Income Trust (BLW)

Reverse Repurchase Agreements

Counterparty Face Value Face Value Including Accrued Interest Type of Non-Cash Underlying Collateral Remaining Contractual Maturity of the Agreements (a)
UBS Ltd. 1.75 % 03/16/17 Open $ 303,365 $ 306,963 Corporate Bonds Open/Demand
UBS Ltd. 1.75 % 03/16/17 Open 160,650 162,555 Corporate Bonds Open/Demand
UBS Ltd. 1.75 % 03/16/17 Open 770,625 779,765 Corporate Bonds Open/Demand
UBS Ltd. 1.75 % 03/16/17 Open 1,665,000 1,684,749 Capital Trusts Open/Demand
UBS Ltd. 1.75 % 03/16/17 Open 4,581,250 4,635,589 Capital Trusts Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 03/17/17 Open 636,215 644,677 Corporate Bonds Open/Demand
Barclays Capital, Inc. 1.75 % 03/20/17 Open 3,327,188 3,366,097 Capital Trusts Open/Demand
Barclays Capital, Inc. 2.00 % 03/20/17 Open 1,242,403 1,259,132 Capital Trusts Open/Demand
RBC Capital Markets LLC 1.95 % 03/23/17 Open 65,600 66,441 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 03/30/17 Open 152,000 153,900 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 03/31/17 Open 351,000 355,370 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 03/31/17 Open 121,275 122,785 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.59 % 04/06/17 Open 140,737 142,135 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.59 % 04/06/17 Open 552,900 558,389 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.59 % 04/06/17 Open 132,300 133,613 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.59 % 04/06/17 Open 218,550 220,720 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.59 % 04/06/17 Open 289,750 292,627 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.59 % 04/06/17 Open 1,771,200 1,788,785 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.59 % 04/06/17 Open 320,450 323,632 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 04/06/17 Open 430,550 435,849 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 04/06/17 Open 323,635 327,621 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 04/06/17 Open 170,000 172,092 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 04/06/17 Open 477,125 482,998 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 04/06/17 Open 687,150 695,608 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 04/06/17 Open 914,760 926,019 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 04/06/17 Open 331,280 335,357 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 04/06/17 Open 894,735 905,748 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 04/06/17 Open 564,475 571,423 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 04/06/17 Open 1,349,220 1,365,827 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 04/06/17 Open 1,624,470 1,644,464 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 04/06/17 Open 257,550 260,720 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 04/06/17 Open 118,695 120,156 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 04/06/17 Open 158,400 160,350 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 04/06/17 Open 437,340 442,723 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 04/06/17 Open 111,375 112,746 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 04/07/17 Open 127,000 128,539 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.59 % 04/07/17 Open 97,008 97,957 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.59 % 04/07/17 Open 39,856 40,246 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 04/13/17 Open 219,664 222,253 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 04/19/17 Open 1,565,000 1,583,302 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 04/19/17 Open 673,000 680,870 Corporate Bonds Open/Demand

54 2017 B LACK R OCK Q UARTERLY R EPORT TO S HAREHOLDERS

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Limited Duration Income Trust (BLW)

Reverse Repurchase Agreements

Counterparty Face Value Face Value Including Accrued Interest Type of Non-Cash Underlying Collateral Remaining Contractual Maturity of the Agreements (a)
HSBC Securities (USA), Inc. 1.50 % 04/19/17 Open $ 2,983,000 $ 3,009,495 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.59 % 04/19/17 Open 1,458,188 1,471,959 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 04/19/17 Open 1,187,500 1,198,727 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 04/19/17 Open 57,000 57,664 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 04/20/17 Open 165,000 166,898 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 04/20/17 Open 339,000 342,900 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 04/28/17 Open 2,069,000 2,092,023 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 04/28/17 Open 228,200 228,200 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 05/01/17 Open 468,000 473,186 Corporate Bonds Open/Demand
UBS Ltd. 1.75 % 05/05/17 Open 307,860 310,832 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.96 % 05/11/17 Open 816,000 824,580 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 05/12/17 Open 867,000 876,075 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 05/12/17 Open 231,000 233,418 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 05/17/17 Open 213,000 215,219 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.59 % 05/17/17 Open 283,650 286,044 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.59 % 05/17/17 Open 392,038 395,346 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.59 % 05/17/17 Open 263,312 265,535 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.59 % 05/17/17 Open 423,863 427,440 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.59 % 05/17/17 Open 539,738 544,293 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 05/17/17 Open 320,242 323,579 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 05/17/17 Open 257,550 260,233 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 05/17/17 Open 242,150 244,673 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 05/17/17 Open 190,500 192,485 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 05/17/17 Open 260,662 263,378 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 05/17/17 Open 703,010 710,269 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 05/22/17 Open 811,000 819,259 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 05/22/17 Open 1,194,000 1,206,159 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 05/22/17 Open 1,028,000 1,038,468 Capital Trusts Open/Demand
RBC Capital Markets LLC 1.59 % 05/22/17 Open 497,900 501,991 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 05/24/17 Open 69,000 69,690 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 05/24/17 Open 1,065,050 1,075,695 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 05/31/17 Open 923,000 931,920 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 05/31/17 Open 98,685 99,639 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 06/05/17 Open 95,880 96,799 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 06/09/17 Open 519,715 524,529 Corporate Bonds Open/Demand
BNP Paribas S.A. 1.61 % 06/15/17 Open 390,000 392,878 Corporate Bonds Open/Demand

S CHEDULES OF I NVESTMENTS 55

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Limited Duration Income Trust (BLW)

Reverse Repurchase Agreements

Counterparty — BNP Paribas S.A. 1.61 % 06/15/17 Open Face Value — $ 576,000 Face Value Including Accrued Interest — $ 580,250 Type of Non-Cash Underlying Collateral — Corporate Bonds Remaining Contractual Maturity of the Agreements (a) — Open/Demand
BNP Paribas S.A. 1.96 % 06/15/17 Open 437,000 440,926 Corporate Bonds Open/Demand
BNP Paribas S.A. 1.96 % 06/15/17 Open 238,000 240,138 Corporate Bonds Open/Demand
BNP Paribas S.A. 1.96 % 06/15/17 Open 643,000 648,776 Corporate Bonds Open/Demand
BNP Paribas S.A. 1.96 % 06/15/17 Open 578,000 583,192 Corporate Bonds Open/Demand
BNP Paribas S.A. 1.96 % 06/15/17 Open 865,000 872,771 Corporate Bonds Open/Demand
BNP Paribas S.A. 1.96 % 06/15/17 Open 1,088,000 1,097,774 Corporate Bonds Open/Demand
Credit Suisse Securities (USA) LLC (1.00 )% 06/15/17 Open 405,000 403,110 Corporate Bonds Open/Demand
Credit Suisse Securities (USA) LLC 1.50 % 06/15/17 Open 1,298,375 1,307,464 Corporate Bonds Open/Demand
Credit Suisse Securities (USA) LLC 1.50 % 06/15/17 Open 931,263 937,781 Corporate Bonds Open/Demand
Credit Suisse Securities (USA) LLC 1.55 % 06/15/17 Open 5,808,780 5,850,798 Corporate Bonds Open/Demand
Credit Suisse Securities (USA) LLC 2.00 % 06/15/17 Open 2,710,960 2,736,262 Foreign Agency Obligations Open/Demand
Credit Suisse Securities (USA) LLC 2.00 % 06/15/17 Open 2,128,333 2,148,197 Foreign Agency Obligations Open/Demand
HSBC Securities (USA), Inc. 1.50 % 06/19/17 Open 808,000 813,521 Corporate Bonds Open/Demand
HSBC Securities (USA), Inc. 1.50 % 06/19/17 Open 2,504,000 2,521,111 Capital Trusts Open/Demand
HSBC Securities (USA), Inc. 1.50 % 06/19/17 Open 3,412,000 3,435,315 Corporate Bonds Open/Demand
HSBC Securities (USA), Inc. 1.50 % 06/19/17 Open 2,389,000 2,405,325 Corporate Bonds Open/Demand
HSBC Securities (USA), Inc. 1.50 % 06/19/17 Open 3,510,000 3,533,985 Capital Trusts Open/Demand
HSBC Securities (USA), Inc. 1.50 % 06/19/17 Open 424,000 426,897 Corporate Bonds Open/Demand
HSBC Securities (USA), Inc. 1.50 % 06/19/17 Open 908,000 914,205 Corporate Bonds Open/Demand
HSBC Securities (USA), Inc. 1.50 % 06/19/17 Open 1,464,000 1,474,004 Corporate Bonds Open/Demand
HSBC Securities (USA), Inc. 1.50 % 06/19/17 Open 466,000 469,184 Corporate Bonds Open/Demand
HSBC Securities (USA), Inc. 1.50 % 06/19/17 Open 341,000 343,330 Corporate Bonds Open/Demand
HSBC Securities (USA), Inc. 1.50 % 06/19/17 Open 1,437,000 1,446,819 Corporate Bonds Open/Demand
HSBC Securities (USA), Inc. 1.75 % 06/19/17 Open 495,000 498,946 Corporate Bonds Open/Demand
HSBC Securities (USA), Inc. 1.75 % 06/19/17 Open 6,379,000 6,430,651 Capital Trusts Open/Demand
HSBC Securities (USA), Inc. 1.75 % 06/19/17 Open 209,000 210,666 Corporate Bonds Open/Demand
HSBC Securities (USA), Inc. 1.75 % 06/19/17 Open 355,000 357,830 Corporate Bonds Open/Demand

56 2017 B LACK R OCK Q UARTERLY R EPORT TO S HAREHOLDERS

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Limited Duration Income Trust (BLW)

Reverse Repurchase Agreements

Counterparty — HSBC Securities (USA), Inc. 1.75 % 06/19/17 Open Face Value — $ 159,000 Face Value Including Accrued Interest — $ 160,268 Type of Non-Cash Underlying Collateral — Corporate Bonds Remaining Contractual Maturity of the Agreements (a) — Open/Demand
HSBC Securities (USA), Inc. 1.75 % 06/19/17 Open 897,000 904,151 Corporate Bonds Open/Demand
HSBC Securities (USA), Inc. 1.75 % 06/19/17 Open 607,000 611,839 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 06/19/17 Open 624,100 629,644 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 06/19/17 Open 223,807 225,796 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 06/19/17 Open 363,375 366,603 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 06/19/17 Open 383,303 386,707 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 06/19/17 Open 790,215 797,235 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 06/19/17 Open 326,375 329,257 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 06/19/17 Open 415,438 419,128 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.59 % 06/21/17 Open 674,150 678,974 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.59 % 06/21/17 Open 253,725 255,540 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.59 % 06/21/17 Open 646,750 651,572 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.59 % 06/21/17 Open 1,488,375 1,499,024 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.59 % 06/21/17 Open 1,741,250 1,753,709 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.59 % 06/21/17 Open 437,175 440,303 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.59 % 06/21/17 Open 1,204,538 1,213,156 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.59 % 06/21/17 Open 2,167,000 2,182,505 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 06/21/17 Open 231,240 233,257 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 06/21/17 Open 2,425,000 2,446,279 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 06/21/17 Open 348,300 350,796 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 06/21/17 Open 570,825 575,834 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 06/21/17 Open 505,575 510,011 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 06/21/17 Open 221,520 223,464 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 06/21/17 Open 294,017 296,597 Corporate Bonds Open/Demand
RBC Capital Markets LLC (0.25 )% 06/22/17 Open 78,725 78,640 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 06/22/17 Open 300,900 303,440 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 06/26/17 Open 380,362 383,533 Corporate Bonds Open/Demand
BNP Paribas S.A. 1.96 % 06/29/17 Open 370,000 373,000 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.59 % 06/29/17 Open 370,312 372,797 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.59 % 06/29/17 Open 290,700 292,650 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.59 % 06/29/17 Open 97,250 97,902 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.59 % 06/29/17 Open 1,095,488 1,102,837 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.59 % 06/29/17 Open 494,900 498,220 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.59 % 06/29/17 Open 375,937 378,459 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.59 % 06/29/17 Open 1,396,875 1,406,246 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.59 % 06/29/17 Open 970,000 976,507 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 06/29/17 Open 390,000 393,209 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 06/29/17 Open 125,625 126,659 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 06/29/17 Open 688,675 694,341 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 06/29/17 Open 522,900 527,202 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 06/29/17 Open 394,800 398,048 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 07/10/17 Open 857,000 863,685 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 07/24/17 Open 85,000 85,594 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 07/24/17 Open 303,000 305,101 Corporate Bonds Open/Demand

S CHEDULES OF I NVESTMENTS 57

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Limited Duration Income Trust (BLW)

Reverse Repurchase Agreements

Counterparty Face Value Face Value Including Accrued Interest Type of Non-Cash Underlying Collateral Remaining Contractual Maturity of the Agreements (a)
RBC Capital Markets LLC 1.95 % 07/24/17 Open $ 379,620 $ 382,273 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 07/25/17 Open 160,000 161,101 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 07/25/17 Open 194,000 195,335 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 07/27/17 Open 898,580 904,761 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 07/27/17 Open 657,825 662,208 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 07/28/17 Open 216,460 217,890 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 08/01/17 Open 896,610 902,535 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 08/01/17 Open 745,420 750,346 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 08/01/17 Open 625,485 629,618 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 08/01/17 Open 729,000 733,817 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 08/01/17 Open 693,910 698,496 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 08/03/17 Open 323,190 325,273 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 08/04/17 Open 1,501,200 1,510,633 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 08/10/17 Open 193,000 194,139 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.59 % 08/14/17 Open 475,000 477,245 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 08/15/17 Open 199,000 200,143 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 08/15/17 Open 473,000 475,716 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 08/18/17 Open 858,220 862,915 Corporate Bonds Open/Demand
Barclays Capital, Inc. 2.00 % 08/21/17 Open 436,175 438,598 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.59 % 08/21/17 Open 146,536 147,190 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 08/23/17 Open 120,840 121,481 Corporate Bonds Open/Demand
BNP Paribas S.A. 1.96 % 09/11/17 Open 413,000 414,799 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 09/12/17 Open 532,225 534,531 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 09/12/17 Open 385,950 387,622 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 09/12/17 Open 395,010 396,722 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 09/12/17 Open 589,155 591,708 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 09/12/17 Open 428,750 430,608 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 09/12/17 Open 340,100 341,574 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 09/21/17 Open 669,680 672,255 Corporate Bonds Open/Demand
Barclays Capital, Inc. 2.00 % 09/22/17 Open 625,799 628,232 Corporate Bonds Open/Demand
Barclays Capital, Inc. 2.00 % 09/22/17 Open 704,063 706,771 Corporate Bonds Open/Demand
Barclays Capital, Inc. 2.00 % 09/26/17 Open 408,030 409,526 Corporate Bonds Open/Demand
Barclays Capital, Inc. 2.00 % 09/26/17 Open 462,075 463,769 Corporate Bonds Open/Demand
Barclays Capital, Inc. 2.00 % 09/26/17 Open 362,000 363,327 Corporate Bonds Open/Demand
Barclays Capital, Inc. 2.00 % 09/26/17 Open 732,945 735,632 Corporate Bonds Open/Demand
Barclays Capital, Inc. 2.00 % 09/26/17 Open 312,900 314,047 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 09/27/17 Open 709,520 711,980 Corporate Bonds Open/Demand
Barclays Capital, Inc. 2.00 % 09/28/17 Open 600,066 602,166 Corporate Bonds Open/Demand
Barclays Capital, Inc. 2.00 % 09/28/17 Open 261,075 261,989 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 09/28/17 Open 448,395 449,925 Corporate Bonds Open/Demand
BNP Paribas S.A. 1.96 % 09/29/17 Open 347,000 348,134 Corporate Bonds Open/Demand
BNP Paribas S.A. 2.20 % 10/03/17 Open 244,000 244,865 Foreign Agency Obligations Open/Demand

58 2017 B LACK R OCK Q UARTERLY R EPORT TO S HAREHOLDERS

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Limited Duration Income Trust (BLW)

Reverse Repurchase Agreements

Counterparty — Deutsche Bank Securities, Inc. 1.95 % 10/04/17 Open Face Value — $ 417,000 Face Value Including Accrued Interest — $ 418,287 Type of Non-Cash Underlying Collateral — Foreign Agency Obligations Remaining Contractual Maturity of the Agreements (a) — Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 10/04/17 Open 896,000 898,766 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 10/04/17 Open 340,425 341,476 Corporate Bonds Open/Demand
UBS Securities LLC 1.55 % 10/04/17 Open 3,243,009 3,250,968 Foreign Agency Obligations Open/Demand
UBS Securities LLC 1.60 % 10/04/17 Open 3,114,078 3,121,967 Foreign Agency Obligations Open/Demand
UBS Securities LLC 1.75 % 10/04/17 Open 2,057,385 2,063,186 Corporate Bonds Open/Demand
BNP Paribas S.A. 1.75 % 10/05/17 Open 683,000 684,892 Corporate Bonds Open/Demand
BNP Paribas S.A. 1.80 % 10/05/17 Open 1,389,000 1,392,959 Corporate Bonds Open/Demand
BNP Paribas S.A. 1.80 % 10/05/17 Open 690,000 691,966 Corporate Bonds Open/Demand
BNP Paribas S.A. 1.80 % 10/05/17 Open 866,000 868,468 Corporate Bonds Open/Demand
BNP Paribas S.A. 1.82 % 10/05/17 Open 472,000 473,360 Corporate Bonds Open/Demand
BNP Paribas S.A. 1.82 % 10/05/17 Open 476,000 477,372 Corporate Bonds Open/Demand
BNP Paribas S.A. 1.82 % 10/05/17 Open 572,000 573,648 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. (0.50 )% 10/05/17 Open 277,000 276,785 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 10/06/17 Open 205,303 205,870 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 10/06/17 Open 171,000 171,482 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 10/06/17 Open 749,000 751,110 Corporate Bonds Open/Demand
UBS Securities LLC 1.75 % 10/06/17 Open 270,292 270,976 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 10/10/17 Open 151,200 151,618 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 10/12/17 Open 320,625 321,476 Corporate Bonds Open/Demand
Barclays Capital, Inc. 0.00 % 10/13/17 Open 131,535 131,535 Corporate Bonds Open/Demand
Barclays Capital, Inc. 2.00 % 10/13/17 Open 525,113 526,454 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 10/13/17 Open 195,722 196,210 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 10/13/17 Open 93,000 93,247 Corporate Bonds Open/Demand
UBS Ltd. 1.75 % 10/13/17 Open 942,938 945,046 Corporate Bonds Open/Demand
BNP Paribas S.A. 1.96 % 10/16/17 Open 899,000 901,203 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 10/18/17 Open 1,877,000 1,881,372 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 10/20/17 Open 405,000 405,856 Corporate Bonds Open/Demand
Barclays Capital, Inc. (0.25 )% 10/30/17 Open 36,225 36,217 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 10/30/17 Open 475,590 476,389 Corporate Bonds Open/Demand
Citigroup Global Markets, Inc. (0.25 )% 11/01/17 Open 317,187 317,124 Corporate Bonds Open/Demand
J.P. Morgan Securities LLC 1.65 % 11/02/17 12/04/17 4,345,000 4,350,576 U.S. Government Sponsored Agency Securities Up to 30 Days
Deutsche Bank Securities, Inc. 1.95 % 11/02/17 Open 420,000 420,637 Corporate Bonds Open/Demand

S CHEDULES OF I NVESTMENTS 59

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Limited Duration Income Trust (BLW)

Reverse Repurchase Agreements

Counterparty — RBC Capital Markets LLC 1.95 % 11/02/17 Open Face Value — $ 1,662,015 Face Value Including Accrued Interest — $ 1,664,536 Type of Non-Cash Underlying Collateral — Corporate Bonds Remaining Contractual Maturity of the Agreements (a) — Open/Demand
Barclays Capital, Inc. 0.25 % 11/03/17 Open 199,240 199,279 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 11/06/17 Open 283,920 284,289 Corporate Bonds Open/Demand
Barclays Capital, Inc. 2.00 % 11/08/17 Open 594,750 595,477 Corporate Bonds Open/Demand
BNP Paribas S.A. 1.96 % 11/08/17 Open 1,427,000 1,428,709 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 11/08/17 Open 613,000 613,730 Corporate Bonds Open/Demand
RBC Capital Markets LLC 0.00 % 11/08/17 Open 261,397 261,397 Corporate Bonds Open/Demand
RBC Capital Markets LLC (1.00 )% 11/08/17 Open 889,350 888,806 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 11/08/17 Open 712,300 713,149 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 11/08/17 Open 863,470 864,499 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 11/08/17 Open 491,620 492,206 Corporate Bonds Open/Demand
HSBC Securities (USA), Inc. 1.40 % 11/09/17 1/11/18 169,001 169,139 U.S. Government Sponsored Agency Securities Up to 30 Days
HSBC Securities (USA), Inc. 1.40 % 11/09/17 1/11/18 788,000 788,644 U.S. Government Sponsored Agency Securities Up to 30 Days
RBC Capital Markets LLC 1.95 % 11/09/17 Open 448,695 449,205 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 11/09/17 Open 537,010 537,621 Corporate Bonds Open/Demand
Barclays Capital, Inc. 2.00 % 11/10/17 Open 566,156 566,722 Corporate Bonds Open/Demand
BNP Paribas S.A. 1.75 % 11/10/17 Open 548,000 548,479 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 11/10/17 Open 101,782 101,882 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 1.95 % 11/13/17 Open 392,000 392,361 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 11/14/17 Open 220,000 220,191 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 11/17/17 Open 433,260 433,518 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 0.00 % 11/20/17 Open 220,000 220,000 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.59 % 11/28/17 Open 716,250 716,313 Corporate Bonds Open/Demand
Nomura Securities International, Inc. (1.50 )% 11/29/17 Open 134,750 134,744 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 11/29/17 Open 89,380 89,385 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.95 % 11/29/17 Open 656,880 656,916 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 0.00 % 11/30/17 Open 250,000 250,000 Corporate Bonds Open/Demand
RBC Capital Markets LLC 0.00 % 11/30/17 Open 143,640 143,640 Corporate Bonds Open/Demand
$ 245,953,225 $ 247,992,645

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

60 2017 B LACK R OCK Q UARTERLY R EPORT TO S HAREHOLDERS

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Limited Duration Income Trust (BLW)

Derivative Financial Instruments Outstanding as of Period End

Futures Contracts

Description Notional Amount (000) Value/ Unrealized Appreciation (Depreciation)
Long Contracts
Ultra Long U.S. Treasury Bond 7 03/20/18 $ 1,154 $ (14,474 )
Short Contracts
Euro Bund 4 12/07/17 775 (3,479 )
10-Year U.S. Treasury Note 278 03/20/18 34,485 141,458
10-Year U.S. Ultra Long Treasury Note 93 03/20/18 12,385 73,686
Long U.S. Treasury Bond 83 03/20/18 12,593 129,120
2-Year U.S. Treasury Note 58 03/29/18 12,436 8,179
5-Year U.S. Treasury Note 65 03/29/18 7,562 17,735
Long Gilt Future 1 03/27/18 167 878
367,577
$ 353,103

Forward Foreign Currency Exchange Contracts

Currency Purchased — EUR 1,340,000 Currency Sold — GBP 1,177,893 Counterparty — Barclays Bank PLC 12/01/17 Unrealized Appreciation (Depreciation) — $ 1,951
EUR 2,740,000 SEK 27,118,054 Barclays Bank PLC 12/01/17 21,740
GBP 1,188,182 EUR 1,335,000 Barclays Bank PLC 12/01/17 17,915
GBP 1,223,627 EUR 1,370,000 National Australia Bank Ltd. 12/01/17 24,192
GBP 2,440,000 NOK 24,654,542 JPMorgan Chase Bank N.A. 12/01/17 336,375
USD 179,009 EUR 150,000 Bank of America N.A. 12/05/17 463
USD 196,164 NZD 287,000 HSBC Bank PLC 12/05/17 2
AUD 2,020,000 CAD 1,964,331 Citibank N.A. 12/12/17 5,036
AUD 2,050,000 NZD 2,256,347 BNP Paribas S.A. 12/12/17 8,519
CAD 3,898,903 AUD 3,990,000 National Australia Bank Ltd. 12/12/17 4,675
EUR 1,380,000 JPY 183,403,380 BNP Paribas S.A. 12/12/17 13,110
EUR 1,360,000 JPY 180,029,279 Citibank N.A. 12/12/17 19,285
GBP 1,165,022 EUR 1,310,000 BNP Paribas S.A. 12/12/17 16,021
GBP 1,200,000 NOK 12,564,900 BNP Paribas S.A. 12/12/17 112,625
GBP 1,195,000 SEK 12,703,898 Barclays Bank PLC 12/12/17 98,136
NZD 2,257,780 AUD 2,040,000 BNP Paribas S.A. 12/12/17 24
NZD 2,292,720 AUD 2,070,000 BNP Paribas S.A. 12/12/17 1,211
NZD 2,308,932 AUD 2,070,000 Citibank N.A. 12/12/17 12,291
NZD 2,140,000 NOK 12,013,409 BNP Paribas S.A. 12/12/17 18,189
USD 3,155,000 CHF 2,963,195 State Street Bank and Trust Co. 12/12/17 141,258
SEK 13,283,429 NOK 12,920,000 Barclays Bank PLC 12/15/17 34,581
SEK 13,298,879 NOK 12,920,000 Deutsche Bank AG 12/15/17 36,428
USD 1,585,590 NZD 2,295,000 Deutsche Bank AG 12/15/17 17,230
USD 591,347 MXN 11,016,366 Goldman Sachs International 12/29/17 2,804
USD 77,553 EUR 65,000 HSBC Bank PLC 01/04/18 12
USD 5,242,600 EUR 4,394,000 HSBC Bank PLC 01/04/18 780
USD 14,270,992 EUR 11,961,000 HSBC Bank PLC 01/04/18 2,123
USD 161,408 NZD 236,000 Bank of America N.A. 01/04/18 175
EUR 592,152 USD 707,020 National Australia Bank Ltd. 02/21/18 1,376
948,527

S CHEDULES OF I NVESTMENTS 61

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Limited Duration Income Trust (BLW)

Forward Foreign Currency Exchange Contracts (continued)

Currency Purchased — EUR 1,365,000 Currency Sold — GBP 1,203,204 Counterparty — Goldman Sachs International 12/01/17 Unrealized Appreciation (Depreciation) — $ (2,524 )
NOK 2,826,779 GBP 270,000 BNP Paribas S.A. 12/01/17 (25,369 )
NOK 12,464,735 GBP 1,215,000 Barclays Bank PLC 12/01/17 (144,902 )
NOK 10,149,500 GBP 955,000 Credit Suisse International 12/01/17 (71,570 )
SEK 26,759,460 EUR 2,740,000 Citibank N.A. 12/01/17 (64,578 )
USD 75,754 EUR 65,000 UBS AG 12/05/17 (1,616 )
USD 5,120,970 EUR 4,394,000 UBS AG 12/05/17 (109,250 )
USD 13,900,274 EUR 11,927,000 UBS AG 12/05/17 (296,546 )
USD 380,491 GBP 287,000 Bank of America N.A. 12/05/17 (7,658 )
USD 2,308,132 GBP 1,741,000 Bank of America N.A. 12/05/17 (46,454 )
USD 12,196,909 GBP 9,200,000 Bank of America N.A. 12/05/17 (245,477 )
USD 26,674 GBP 20,000 UBS AG 12/05/17 (375 )
USD 571,878 MXN 10,907,000 HSBC Bank PLC 12/05/17 (13,306 )
AUD 1,970,000 CAD 1,926,248 Citibank N.A. 12/12/17 (3,259 )
AUD 2,050,000 SEK 13,043,803 BNP Paribas S.A. 12/12/17 (8,431 )
CAD 1,987,901 USD 1,560,000 BNP Paribas S.A. 12/12/17 (18,924 )
CHF 1,516,788 USD 1,560,000 Bank of America N.A. 12/12/17 (17,338 )
EUR 1,310,000 GBP 1,156,742 Citibank N.A. 12/12/17 (4,820 )
EUR 1,310,000 JPY 175,555,929 Barclays Bank PLC 12/12/17 (493 )
JPY 184,589,628 EUR 1,380,000 BNP Paribas S.A. 12/12/17 (2,566 )
NOK 12,640,840 EUR 1,340,000 BNP Paribas S.A. 12/12/17 (75,882 )
NOK 12,659,386 EUR 1,350,000 BNP Paribas S.A. 12/12/17 (85,560 )
NOK 12,273,822 GBP 1,200,000 Morgan Stanley & Co. International PLC 12/12/17 (147,620 )
NOK 12,013,275 NZD 2,140,000 Credit Suisse International 12/12/17 (18,205 )
NOK 24,473,888 NZD 4,360,000 The Toronto-Dominion Bank 12/12/17 (37,302 )
NOK 12,900,000 SEK 13,184,213 BNP Paribas S.A. 12/12/17 (24,844 )
NOK 12,880,000 SEK 13,154,505 Goldman Sachs International 12/12/17 (23,698 )
NZD 4,360,000 NOK 24,885,398 Credit Suisse International 12/12/17 (12,172 )
SEK 12,825,606 AUD 2,050,000 BNP Paribas S.A. 12/12/17 (17,647 )
SEK 26,617,965 CHF 3,170,000 BNP Paribas S.A. 12/12/17 (42,764 )
SEK 27,117,221 EUR 2,740,000 Barclays Bank PLC 12/12/17 (21,714 )
SEK 12,758,087 GBP 1,220,000 Goldman Sachs International 12/12/17 (125,477 )
USD 1,570,000 CHF 1,545,921 Goldman Sachs International 12/12/17 (2,291 )
CAD 1,926,870 NZD 2,200,000 Goldman Sachs International 12/15/17 (9,594 )
NOK 12,920,000 SEK 13,190,192 Citibank N.A. 12/15/17 (23,434 )
NOK 25,665,000 SEK 26,126,072 Citibank N.A. 12/15/17 (37,507 )
NOK 12,920,000 SEK 13,194,679 Deutsche Bank AG 12/15/17 (23,971 )
NZD 2,200,000 CAD 1,976,018 Goldman Sachs International 12/15/17 (28,509 )
NZD 2,310,000 USD 1,582,325 Deutsche Bank AG 12/15/17 (3,713 )
MXN 11,016,366 USD 589,337 Goldman Sachs International 12/29/17 (793 )
USD 2,373,576 GBP 1,756,000 JPMorgan Chase Bank N.A. 01/04/18 (4,470 )
USD 12,384,039 GBP 9,170,000 Royal Bank of Scotland PLC 01/04/18 (34,345 )
USD 138,934 EUR 119,143 Bank of America N.A. 01/30/18 (3,414 )
USD 148,718 EUR 137,859 Citibank N.A. 02/21/18 (16,204 )
USD 245,034 EUR 227,918 Deutsche Bank AG 02/21/18 (27,626 )
USD 243,365 EUR 226,375 Morgan Stanley & Co. International PLC 02/21/18 (27,449 )
(1,961,661 )
Net Unrealized Depreciation $ (1,013,134 )

62 2017 B LACK R OCK Q UARTERLY R EPORT TO S HAREHOLDERS

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Limited Duration Income Trust (BLW)

Exchange-Traded Options Purchased

Description Expiration Date Notional Amount (000) Value
Call
U.S. 10 Year Note 5 12/22/17 USD 125.50 $ 620 $ 313

OTC Interest Rate Swaptions Purchased

Description Counterparty Expiration — Date Exercise — Rate Received by the Fund — Rate Frequency Paid by the Fund — Rate Frequency Notional — Amount (000) Value
Put
10-Year Interest Rate Swap, 3/02/28 JPMorgan Chase Bank N.A. 02/28/18 2.52 % 3-Month LIBOR Quarterly 2.52 Semi-annual USD 1,500 $ 9,818
10-Year Interest Rate Swap, 3/02/28 JPMorgan Chase Bank N.A. 02/28/18 2.62 3-Month LIBOR Quarterly 2.62 Semi-annual USD 500 1,934
10-Year Interest Rate Swap, 3/02/28 JPMorgan Chase Bank N.A. 02/28/18 2.65 3-Month LIBOR Quarterly 2.65 Semi-annual USD 400 1,313
10-Year Interest Rate Swap, 04/27/18 JPMorgan Chase Bank N.A. 04/16/18 2.75 3-Month LIBOR Quarterly 2.75 Semi-annual USD 1,925 7,233
10-Year Interest Rate Swap, 04/27/18 JPMorgan Chase Bank N.A. 04/16/18 2.75 3-Month LIBOR Quarterly 2.75 Semi-annual USD 600 2,254
10-Year Interest Rate Swap, 4/27/28 JPMorgan Chase Bank N.A. 04/25/18 2.65 3-Month LIBOR Quarterly 2.65 Semi-annual USD 675 4,177
$ 26,729

OTC Options Purchased

Description Counterparty Value
Call
CAD Currency JPMorgan Chase Bank N.A. — 12/13/17 CHF 0.78 CAD 15,925 $ 2,975
EUR Currency Barclays Bank PLC — 12/13/17 JPY 135.50 EUR 10,780 25,200
GBP Currency Deutsche Bank AG — 12/13/17 AUD 1.74 GBP 9,525 354,180
NOK Currency Citibank N.A. — 12/13/17 SEK 1.04 NOK 101,645 696
NZD Currency Barclays Bank PLC — 12/13/17 JPY 79.00 NZD 18,395 3,307
USD Currency Bank of America N.A. — 12/13/17 CHF 1.02 USD 12,705 343
Marsico Parent Superholdco LLC Goldman Sachs & Co. 46 12/14/19 USD 942.86 USD — —
386,701
Put
AUD Currency Credit Suisse International — 12/13/17 USD 0.75 AUD 16,530 17,367
AUD Currency Morgan Stanley & Co. International PLC — 12/13/17 NZD 1.09 AUD 12,060 4,616
CHF Currency Goldman Sachs International — 12/13/17 NOK 8.30 CHF 12,365 16,340
NZD Currency Deutsche Bank AG — 12/13/17 USD 0.67 NZD 17,385 13,629
NZD Currency Goldman Sachs International — 12/13/17 CAD 0.85 NZD 17,615 831
USD Currency Deutsche Bank AG — 12/13/17 JPY 107.00 USD 12,595 466
53,249
$ 439,950

S CHEDULES OF I NVESTMENTS 63

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Limited Duration Income Trust (BLW)

OTC Options Written

Description Counterparty Value
Call
AUD Currency Morgan Stanley & Co. International PLC 12/13/17 NZD 1.15 AUD 12,060 $ (55 )
CAD Currency JPMorgan Chase Bank N.A. 12/13/17 CHF 0.79 CAD 31,855 (1,160 )
CHF Currency Goldman Sachs International 12/13/17 NOK 8.50 CHF 6,185 (36,069 )
EUR Currency Barclays Bank PLC 12/13/17 JPY 137.50 EUR 21,565 (8,958 )
GBP Currency Deutsche Bank AG 12/13/17 AUD 1.77 GBP 19,055 (344,648 )
NZD Currency Barclays Bank PLC 12/13/17 JPY 80.00 NZD 36,795 (880 )
(391,770 )
Put
CHF Currency Goldman Sachs International 12/13/17 NOK 8.20 CHF 24,735 (9,731 )
NZD Currency Deutsche Bank AG 12/13/17 CHF 0.67 NZD 18,240 (34,397 )
(44,128 )
$ (435,898 )

Centrally Cleared Credit Default Swaps — Sell Protection

Reference Obligation/Index — Chesapeake Energy Corp. 5.00 % Quarterly 12/20/21 CCC USD 75 Value — $ (2,579 ) Upfront Premium Paid (Received) — $ (2,539 ) Unrealized Appreciation (Depreciation) — $ (40 )

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

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

Centrally Cleared Interest Rate Swaps

Paid by the Fund Received by the Fund Notional Amount (000) Value Unrealized Appreciation (Depreciation)
Rate Frequency Rate Frequency
3-Month LIBOR Quarterly 2.54% Semi-annual — 09/04/24 USD 18,700 $ 310,295 $ 213 $ 310,082
2.60% Semi-annual 3-Month LIBOR Quarterly — 09/04/24 USD 18,700 (376,385 ) (65,925 ) (310,460 )
2.24% Semi-annual 3-Month LIBOR Quarterly — 08/09/27 USD 17,400 230,344 267 230,077
$ 164,254 $ (65,445 ) $ 229,699

OTC Credit Default Swaps — Buy Protection

Reference Obligation/Index Counterparty Notional Amount (000) Value Upfront Premium Paid (Received) Unrealized Appreciation (Depreciation)
CenturyLink, Inc. 1.00 % Quarterly JPMorgan Chase Bank N.A. 12/20/22 USD 388 $ 73,267 $ 51,542 $ 21,725
CenturyLink, Inc. 1.00 Quarterly Goldman Sachs Bank USA 12/20/22 USD 397 74,966 54,120 20,846
$ 148,233 $ 105,662 $ 42,571

64 2017 B LACK R OCK Q UARTERLY R EPORT TO S HAREHOLDERS

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Limited Duration Income Trust (BLW)

OTC Credit Default Swaps — Sell Protection

Reference Obligation/Index — Jaguar Land Rover Automotive PLC 5.00 % Quarterly Counterparty — Credit Suisse International 06/20/22 Credit Rating (a) — BB+ EUR 20 Value — $ 4,143 Upfront Premium Paid (Received) — $ 3,604 Unrealized Appreciation (Depreciation) — $ 539
Jaguar Land Rover Automotive PLC 5.00 Quarterly Barclays Bank PLC 06/20/22 BB+ EUR 20 4,143 3,578 565
Markit CMBX North America, Series 8 3.00 Monthly Barclays Bank PLC 10/17/57 BBB- USD 5,000 (776,511 ) (519,768 ) (256,743 )
Markit CMBX North America, Series 8 3.00 Monthly Credit Suisse International 10/17/57 BBB- USD 2,500 (388,255 ) (256,815 ) (131,441 )
Markit CMBX North America, Series 8 3.00 Monthly Morgan Stanley & Co. International PLC 10/17/57 BBB- USD 4,450 (690,724 ) (608,971 ) (81,753 )
Markit CMBX North America, Series 9 3.00 Monthly Morgan Stanley & Co. International PLC 09/17/58 BBB- USD 7,550 (831,216 ) (954,827 ) 123,611
Markit CMBX North America, Series 9 3.00 Monthly Credit Suisse International 09/17/58 BBB- USD 5,000 (550,474 ) (555,079 ) 4,605
Markit CMBX North America, Series 9 3.00 Monthly Credit Suisse International 09/17/58 BBB- USD 5,000 (550,474 ) (555,079 ) 4,604
Markit CMBX North America, Series 9 3.00 Monthly Credit Suisse International 09/17/58 BBB- USD 5,000 (550,474 ) (549,016 ) (1,458 )
$ (4,329,842 ) $ (3,992,373 ) $ (337,471 )

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

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

S CHEDULES OF I NVESTMENTS 65

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Limited Duration Income Trust (BLW)

Fair Value Hierarchy as of Period End

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

• Level 1 — Unadjusted price quotations in active markets/exchanges for identical assets or liabilities that the Fund 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 Fund’s own assumptions used in determining the fair value of investments and derivative financial instruments)

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

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

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

Level 1 Level 2 Level 3 Total
Assets:
Investments:
Long-Term Investments:
Asset-Backed Securities $ — $ 82,626,945 $ 3,689,929 $ 86,316,874
Common Stocks (a) 114,246 34,432 1,044,300 1,192,978
Corporate Bonds — 395,207,268 1,163,484 396,370,752
Floating Rate Loan Interests — 233,104,390 9,394,175 242,498,565
Foreign Agency Obligations — 26,286,119 — 26,286,119
Investment Companies 3,442,800 — — 3,442,800
Non-Agency Mortgage-Backed Securities — 45,290,831 — 45,290,831
Other Interests — — 10 10
Preferred Securities 14,015,544 56,796,858 — 70,812,402
Rights — — 17,055 17,055
U.S. Government Sponsored Agency Securities — 9,817,555 — 9,817,555
U.S. Treasury Obligations — 2,990,875 — 2,990,875
Warrants — — 79 79
Short-Term Securities 5,167,843 — — 5,167,843

66 2017 B LACK R OCK Q UARTERLY R EPORT TO S HAREHOLDERS

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Limited Duration Income Trust (BLW)

Level 1 Level 2 Level 3 Total
Options Purchased:
Foreign Currency Exchange
Contracts — 439,950 — 439,950
Interest rate contracts 313 26,729 — 27,042
Subtotal $ 22,740,746 $ 852,621,952 $ 15,309,032 $ 890,671,730
Investments Valued at NAV (b) 117,026
Total $ 890,788,756
Level 1 Level 3 Total
Derivative Financial Instruments (c)
Assets:
Foreign currency exchange contracts $ — $ 948,527 $ — $ 948,527
Credit contracts — 176,495 — 176,495
Interest rate contracts 371,056 540,159 — 911,215
Liabilities:
Foreign currency exchange contracts — (2,397,559 ) — (2,397,559 )
Credit contracts — (471,435 ) — (471,435 )
Interest rate contracts (17,953 ) (310,460 ) — (328,413 )
Total $ 353,103 $ (1,514,273 ) $ — $ (1,161,170 )

(a) See above Schedule of Investments for values in each industry.

(b) As of November 30, 2017, certain of the Fund’s Investments were fair valued using net asset value(“NAV”) per share and have been excluded from the fair value hierarchy.

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

The Fund may hold assets and/or liabilities in which the fair value approximates the carrying amount for financial reporting purposes. As of period end, reverse repurchase agreements of $247,992,645 are categorized as Level 2 within the disclosure hierarchy.

During the period ended November 30, 2017, there were no transfers between levels.

S CHEDULES OF I NVESTMENTS 67

Schedule of Investments (unaudited) (continued) November 30, 2017 BlackRock Limited Duration Income Trust (BLW)

A reconciliation of Level 3 Investments is presented when the Fund had a significant amount of Level 3 investments at the beginning and/or end of the year 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 Corporate Bonds Floating Rate Loan Interests Rights Warrants
Assets:
Opening balance, as of August 31, 2017 $ 2,211,493 $ 749,053 $ 1,163,602 $ 9,460,693 $ 10 $ 19,050 $ 217 $ 755 $ 13,604,873
Transfers into Level 3 (a) — — — 3,047,763 — — — — 3,047,763
Transfers out of Level 3 (b) (250,000 ) — — (3,637,133 ) — — — — (3,887,133 )
Accrued discounts/premiums (15,394 ) — — 6,482 — — — — (8,912 )
Net realized gain (loss) — — — 49,089 — — — (755 ) 48,334
Net change in unrealized Appreciation (depreciation) (c) 17,580 295,247 (118 ) (15,038 ) — (1,995 ) (138 ) — 295,538
Purchases 1,726,250 — — 2,502,604 — — — — 4,228,854
Sales — — — (2,020,285 ) — — — — (2,020,285 )
Closing balance, as of November 30, 2017 $ 3,689,929 $ 1,044,300 $ 1,163,484 $ 9,394,175 $ 10 $ 17,055 $ 79 — $ 15,309,032
Net change in unrealized appreciation (depreciation) on investments still held at November 30, 2017 (c) $ 17,580 $ 295,247 $ (118 ) $ 1,843 — $ (1,995 ) $ (138 ) — $ 312,420

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

(b) As of August 31, 2017, the Fund used significant unobservable inputs in determining the value of certain investments. As of November 30, 2017, the Fund used observable inputs in determining the value of the same investments. As a result, investments at beginning of period value were transferred from Level 3 to Level 1 in the disclosure hierarchy.

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

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

68 2017 B LACK R OCK Q UARTERLY R EPORT TO S HAREHOLDERS

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: January 22, 2018

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

By:
John M. Perlowski
Chief Executive Officer (principal executive officer) of
BlackRock Limited Duration Income Trust

Date: January 22, 2018

By:
Neal J. Andrews
Chief Financial Officer (principal financial officer) of
BlackRock Limited Duration Income Trust

Date: January 22, 2018

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