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BLACKROCK Ltd DURATION INCOME TRUST

Regulatory Filings Jan 22, 2019

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N-Q 1 d646356dnq.htm BLACKROCK LIMITED DURATION INCOME TRUST BlackRock Limited 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: 08/31/2019

Date of reporting period: 11/30/2018

Item 1 – Schedule of Investments

Schedule of Investments (unaudited) November 30, 2018 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 $ 3,452
Diversified Financial Services — 0.1%
Kcad Holdings I Ltd. (a)(b) 546,753,936 924,014
Health Care Management Services — 0.0%
New Millennium HoldCo, Inc. (b) 8,511 528
Hotels, Restaurants & Leisure — 0.0%
Caesars Entertainment Corp. (b) 8,330 70,972
Household Durables — 0.0%
Berkline Benchcraft Equity LLC (a) 3,155 —
Metals & Mining — 0.0%
Ameriforge Group, Inc. 801 47,259
Software — 0.0%
Avaya Holdings Corp. (b) 18 280
Utilities — 0.1%
Texgen LLC (a) 7,331 300,571
Total Common Stocks — 0.2% (Cost — $6,481,691) 1,347,076
Par (000)
Asset-Backed Securities — 8.5%
Asset-Backed Securities — 8.5%
AIMCO CLO, Series 2014-AA, Class DR, (3 mo. LIBOR US + 3.25%), 5.72%, 07/20/26 (c)(d) USD 250 250,104
Allegro CLO II-S Ltd., Series 2014-1RA, Class C, 5.15%, 10/21/28 (c)(e) 1,000 999,975
ALM VI Ltd., Series 2012-6A, Class BR3, 4.19%, 07/15/26 (c)(e) 1,000 989,278
ALM XII Ltd., Series 2015-12A, Class C1R2, 5.09%, 04/16/27 (c)(e) 1,000 992,410
ALM XVI Ltd./ALM XVI LLC, Series 2015-16A, Class CR2, 5.14%, 07/15/27 (c)(e) 270 265,495
AmeriCredit Automobile Receivables, Series 2014-3, Class C,
2.58%, 09/08/20 1,002 1,000,962
AMMC CLO Ltd., Series 2014-15A, Class D, (3 mo. LIBOR US + 4.20%), 6.53%, 12/09/26 (c)(d) 2,000 2,012,701
Anchorage Capital CLO Ltd. (c) :
Series 2014-3RA, Class E,
8.01%, 01/28/31 (e) 850 836,898
Series 2014-4RA, Class D,
5.11%, 01/28/31 (e) 250 245,656
Series 2014-5RA, Class E,
7.84%, 01/15/30 (e) 860 864,177
Security Value
Asset-Backed Securities (continued)
Anchorage Capital CLO Ltd. (c) (continued):
Series 2015-7A, Class DR,
5.14%, 10/15/27 (e) USD 1,000 $ 998,562
Series 2016-8A, Class ER,
8.26%, 07/28/28 (e) 1,000 980,588
Series 2016-9A, Class D, (3 mo. LIBOR US + 4.00%), 6.44%, 01/15/29 (d) 350 352,375
Ares XL CLO Ltd., Series 2016-40A, Class D, (3 mo. LIBOR US +
6.60%), 9.04%, 10/15/27 (c)(d) 500 500,013
Battalion CLO XI Ltd., Series 2017-11A, Class E, 8.47%, 10/24/29 (c)(e) 325 325,895
Benefit Street Partners CLO XII Ltd., Series 2017-12A, Class D, 8.85%, 10/15/30 (c)(e) 500 503,957
Carlyle Global Market Strategies CLO Ltd., Series 2015-1A, Class CR, (3 mo. LIBOR US + 2.00%),
4.47%, 04/20/27 (c)(d) 600 600,568
Credit Suisse ABS Repackaging Trust, Series 2013-A, Class B, 2.50%, 01/25/30 (c) 515 475,465
DCP Rights LLC, Series 2014-1A, Class A, 5.46%, 10/25/44 (c) 3,036 3,032,083
Dryden 64 CLO Ltd., Series 2018-64A, Class D, 5.09%, 04/18/31 (c)(e) 250 247,715
Galaxy CLO Ltd., Series 2015-21A,
7.72%, 04/20/31 (c)(e) 500 457,701
Highbridge Loan Management Ltd., Series 5A-2015, Class ERR, 8.43%, 10/15/30 (c)(e) 450 429,676
Litigation Fee Residual Funding,
4.00%, 10/30/27 (a) 1,221 1,215,329
Madison Park Funding X Ltd., Series 2012-10A, Class ER, (3 mo. LIBOR US + 7.62%),
10.09%, 01/20/29 (c)(d) 500 505,562
Madison Park Funding XI Ltd., Series 2013-11A, Class ER, 8.93%, 07/23/29 (c)(e) 250 250,032
Madison Park Funding XIII Ltd., Series 2014-13A, Class ER, 8.20%, 04/19/30 (c)(e) 1,250 1,211,947
Madison Park Funding XV Ltd., Series 2014-15A, Class B1R, (3 mo. LIBOR US + 2.20%),
4.71%, 01/27/26 (c)(d) 1,500 1,502,089
Neuberger Berman CLO XX Ltd., Series 2015-20A, Class ER, 7.44%, 01/15/28 (c)(e) 1,250 1,203,706
Oaktree CLO Ltd., Series 2015-1A, Class DR, 7.67%, 10/20/27 (c)(e) 500 486,514

1

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Asset-Backed Securities (continued)
Octagon Investment Partners LLC, Series 2017-1A, Class E, (3 mo. LIBOR US + 6.30%),
8.77%, 07/20/30 (c)(d) USD 500 $ 504,205
OneMain Financial Issuance Trust, Series 2015-2A, Class C, 4.32%, 07/18/25 (c) 4,000 4,003,866
OZLM VIII Ltd., Series 2014-8A (c)(e) :
Class BRR, 4.66%, 10/17/29 2,500 2,500,000
Class CRR, 5.61%, 10/17/29 500 500,000
OZLM XIX Ltd., Series 2017-19A, Class D, 9.04%, 11/22/30 (c)(e) 500 506,047
OZLM XV Ltd., Series 2016-15A, Class C, (3 mo. LIBOR US + 4.00%), 6.47%, 01/20/29 (c)(d) 1,000 1,005,932
OZLM XXI, Series 2017-21A, Class D, 8.01%, 01/20/31 (c)(e) 250 234,393
Park Avenue Institutional Advisers CLO Ltd., Series 2017-1A, Class D, 8.83%, 11/14/29 (c)(e) 1,750 1,760,554
Rockford Tower CLO Ltd. (c)(d) :
Series 2017-1A, Class D, (3 mo. LIBOR US + 3.25%), 5.69%, 04/15/29 250 250,889
Series 2017-2A, Class D, (3 mo. LIBOR US + 3.45%), 5.89%, 10/15/29 500 503,114
Santander Drive Auto Receivables Trust, Class D:
Series 2014-3, 2.65%, 08/17/20 1,813 1,812,516
Series 2014-4, 3.10%, 11/16/20 3,295 3,296,523
Shackleton CLO Ltd., Series 2013-3A, Class DR, 5.46%, 07/15/30 (c)(e) 500 495,157
Sound Point CLO XIV Ltd., Series 2016-3A, Class E, (3 mo. LIBOR US + 6.65%),
9.13%, 01/23/29 (c)(d) 1,000 1,009,483
Symphony CLO XV Ltd., Series 2014-15A, Class CR, (3 mo. LIBOR US + 2.20%),
4.65%, 10/17/26 (c)(d) 1,250 1,248,356
Symphony CLO XVIII Ltd., Series 2016-18A, Class D, (3 mo. LIBOR US + 4.00%),
6.48%, 01/23/28 (c)(d) 1,000 1,009,252
Thayer Park CLO Ltd., Series 2017-1A, Class D, (3 mo. LIBOR US + 6.10%), 8.57%, 04/20/29 (c)(d) 500 500,955
TICP CLO VII Ltd., Series 2017-7A, Class E, (3 mo. LIBOR US + 6.51%), 8.95%, 07/15/29 (c)(d) 500 503,559
Venture XXVI CLO Ltd.,
Series 2017-26A (c)(d) :
Class D, (3 mo. LIBOR US + 4.25%), 6.72%, 01/20/29 1,000 1,009,684
Security Value
Asset-Backed Securities (continued)
Venture XXVI CLO Ltd., Series
2017- 26A (c)(d) (continued):
Class E, (3 mo. LIBOR US + 6.80%), 9.27%, 01/20/29 USD 500 $ 504,596
Vibrant CLO IV Ltd., Series 2016-4A, Class D, (3 mo. LIBOR US +
4.50%), 6.97%, 07/20/28 (c) (d) 1,000 1,006,734
Wellfleet CLO Ltd., Series 2017-3A, Class B, 4.40%, 01/17/31 (c) (e) 500 494,394
York CLO Ltd. (c) :
Series 2015-1A,
Class ER, 8.12%, 01/22/31 (e) 250 237,553
Series 2016-1A, Class DR, (3 mo. LIBOR US + 3.60%), 6.07%, 10/20/29 (d) 250 249,827
Series 2016-2A, Class E, (3 mo. LIBOR US + 6.94%), 9.41%, 01/20/30 (d) 1,000 1,012,170
49,897,192
Interest Only Asset-Backed Securities — 0.0%
Sterling Bank Trust, Series 2004-2, Class Note, 2.08%, 03/30/30 (a) (c) 2,905 144,513
Sterling Coofs Trust, Series 2004-1, Class A, 2.00%, 04/15/29 (a) 2,231 97,724
242,237
Total Asset-Backed Securities — 8.5% (Cost — $50,489,307) 50,139,429
Corporate Bonds — 58.5%
Aerospace — 0.0%
Koninklijke KPN NV(5 year GBP Swap + 5.51%), 6.88%, 03/14/73 (f) GBP 100 132,720
Aerospace & Defense — 1.5%
Arconic, Inc.:
5.87%, 02/23/22 USD 730 742,045
5.13%, 10/01/24 742 719,740
5.90%, 02/01/27 67 64,320
BBA US Holdings, Inc., 5.38%, 05/01/26 (c) 271 262,193
Bombardier, Inc. (c) :
7.75%, 03/15/20 172 175,225
8.75%, 12/01/21 (g) 721 743,531
5.75%, 03/15/22 102 96,900
6.00%, 10/15/22 19 18,004
6.13%, 01/15/23 (g) 912 866,400
7.50%, 12/01/24 (g) 790 751,488

2

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Aerospace & Defense (continued)
Bombardier, Inc. (c) (continued):
7.50%, 03/15/25 (g) USD 855 $ 812,250
7.45%, 05/01/34 188 163,560
KLX, Inc., 5.88%, 12/01/22 (c) 788 811,147
Koppers, Inc., 6.00%, 02/15/25 (c) 146 130,670
Kratos Defense & Security Solutions, Inc., 6.50%, 11/30/25 (c) 298 306,940
Moog, Inc., 5.25%, 12/01/22 (c) 270 270,000
Pioneer Holdings LLC/Pioneer Finance Corp.,
9.00%, 11/01/22 (c) 133 135,660
TransDigm UK Holdings PLC, 6.88%, 05/15/26 (c) (g) 264 260,700
TransDigm, Inc.:
6.00%, 07/15/22 (g) 601 601,000
6.50%, 07/15/24 (g) 178 178,445
6.50%, 05/15/25 299 297,879
6.38%, 06/15/26 (g) 405 395,337
8,803,434
Airlines — 1.7%
Air Canada Pass-Through Trust, Series 2015-1, Class B, 3.88%, 09/15/24 (c) 1,167 1,139,145
American Airlines Pass-Through Trust:
Series 2013-2, Class A,
4.95%, 07/15/24 (g) 2,574 2,628,899
Series 2013-2, Class B,
5.60%, 01/15/22 (c) 351 355,332
Series 2017-1, Class B, 4.95%, 08/15/26 1,351 1,370,665
Avianca Holdings SA/Avianca Leasing LLC/Grupo Taca Holdings Ltd., 8.38%, 05/10/20 239 238,104
Latam Finance Ltd., 6.88%, 04/11/24 (c) 203 200,462
United Airlines Pass-Through Trust:
Series 2014-2, Class B,
4.63%, 03/03/24 (g) 1,653 1,654,844
Series 2015-1, Class A, 3.70%, 06/01/24 2,430 2,391,606
Virgin Australia Trust, Series 2013-1, Class A, 5.00%, 04/23/25 (c) (g) 192 195,390
10,174,447
Auto Components — 0.4%
Adient Global Holdings Ltd., 3.50%, 08/15/24 EUR 100 90,566
Allison Transmission, Inc.,
5.00%, 10/01/24 (c) USD 28 26,950
Aptiv PLC, 4.40%, 10/01/46 240 204,069
Fiat Chrysler Finance Europe, 4.75%, 07/15/22 EUR 120 149,437
GKN Holdings PLC, 3.38%, 05/12/32 GBP 100 119,839
Goodyear Tire & Rubber Co., 5.00%, 05/31/26 USD 67 60,970
Security Value
Auto Components (continued)
Icahn Enterprises LP/Icahn Enterprises Finance Corp.:
6.00%, 08/01/20 USD 28 $ 28,210
6.25%, 02/01/22 299 303,859
6.75%, 02/01/24 279 280,744
6.38%, 12/15/25 149 147,138
IHO Verwaltungs GmbH (h) :
(2.75% Cash or 3.50% PIK), 2.75%, 09/15/21 EUR 100 112,644
(3.25% Cash or 4.00% PIK), 3.25%, 09/15/23 100 110,256
(3.75% Cash or 4.50% PIK), 3.75%, 09/15/26 100 109,106
(4.50% Cash or 5.25%
PIK), 4.50%, 09/15/23 (c) USD 200 186,000
Tesla, Inc., 5.30%, 08/15/25 (c) (g) 471 406,826
Volvo Car AB, 2.00%, 01/24/25 EUR 100 105,593
2,442,207
Banks — 2.0%
Allied Irish Banks PLC(5 year EUR Swap + 3.95%), 4.13%, 11/26/25 (f) 100 116,063
Banco BPM SpA, 2.75%, 07/27/20 100 113,458
Banco de Sabadell SA, 5.38%, 12/12/28 (e) 100 113,100
Banco Espirito Santo SA (b) (i) :
4.75%, 01/15/19 100 32,548
4.00%, 01/21/19 100 33,397
Bank of Ireland(5 year EUR Swap + 3.55%), 4.25%, 06/11/24 (f) 100 114,214
Bankia SA(5 year EUR Swap + 3.35%),
3.38%, 03/15/27 (f) 100 114,127
Barclays PLC:
4.38%, 09/11/24 (g) USD 580 538,477
3.65%, 03/16/25 (g) 3,600 3,305,901
5.20%, 05/12/26 200 190,445
BBVA Bancomer SA, 6.75%, 09/30/22 (c) 192 198,722
CaixaBank SA(5 year EUR Swap + 3.35%),
3.50%, 02/15/27 (f) EUR 100 116,474
CIT Group, Inc.:
5.00%, 08/01/23 (g) USD 582 583,455
5.25%, 03/07/25 127 127,610
6.13%, 03/09/28 98 100,450
HSBC Holdings PLC, 4.38%, 11/23/26 (g) 395 378,628
IKB Deutsche Industriebank AG,
4.00%, 01/31/28 (e) EUR 100 110,234
Nordea Bank AB, 4.50%, 03/26/20 1,020 1,217,444
Promerica Financial Corp.,
9.70%, 05/14/24 (c) USD 200 207,100
Santander Holdings USA,
Inc., 4.50%, 07/17/25 (g) 1,750 1,694,252

3

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Banks (continued)
Santander UK Group Holdings PLC,
2.88%, 08/05/21 (g) USD 950 $ 913,032
Standard Chartered PLC, 3.89%, 03/15/24 (c) (e) (g) 1,500 1,445,918
11,765,049
Beverage: Soft Drinks — 0.0%
Energizer Gamma Acquisition, Inc.,
6.38%, 07/15/26 (c) 46 43,240
Beverages — 0.1%
BWAY Holding Co., 4.75%, 04/15/24 EUR 100 109,287
Central American Bottling Corp.,
5.75%, 01/31/27 (c) USD 176 172,920
Crown European Holdings SA,
2.25%, 02/01/23 (c) EUR 100 114,047
OI European Group BV, 4.00%, 03/15/23 (c) USD 176 164,560
560,814
Building Materials — 0.0%
Jeld-Wen, Inc., 4.63%, 12/15/25 (c) 138 123,510
Building Products — 0.3%
American Builders & Contractors Supply Co., Inc., 5.75%, 12/15/23 (c) 184 183,761
CPG Merger Sub LLC, 8.00%, 10/01/21 (c) 324 320,760
Jeld-Wen, Inc., 4.88%, 12/15/27 (c) 19 16,578
Masonite International Corp. (c) :
5.63%, 03/15/23 (g) 384 383,040
5.75%, 09/15/26 160 151,000
PGT Escrow Issuer, Inc.,
6.75%, 08/01/26 (c) 107 108,070
Standard Industries, Inc. (c) :
5.50%, 02/15/23 66 64,762
5.38%, 11/15/24 126 119,700
6.00%, 10/15/25 (g) 260 253,500
USG Corp. (c) :
5.50%, 03/01/25 11 11,083
4.88%, 06/01/27 198 198,247
1,810,501
Cable Television Services — 0.0%
CB Escrow Corp., 8.00%, 10/15/25 (c) 146 129,210
Capital Markets — 0.6%
Blackstone CQP Holdco LP (c) :
6.50%, 03/20/21 2,040 1,978,994
6.00%, 08/18/21 332 331,553
Intertrust Group BV, 3.38%, 11/15/25 EUR 100 111,985
Lions Gate Capital Holdings LLC,
5.88%, 11/01/24 (c) USD 85 85,638
Morgan Stanley, 4.00%, 07/23/25 (g) 965 944,678
Security Value
Capital Markets (continued)
NFP Corp., 6.88%, 07/15/25 (c) USD 85 $ 80,538
Stevens Holding Co., Inc.,
6.13%, 10/01/26 (c) 189 186,637
3,720,023
Chemicals — 1.7%
Alpha 2 BV, (8.75% Cash or 9.50% PIK),
8.75%, 06/01/23 (c) (h) 256 248,320
Alpha 3 BV/Alpha US Bidco, Inc.,
6.25%, 02/01/25 (c) 800 768,000
Axalta Coating Systems Dutch Holding B BV, 3.75%, 01/15/25 EUR 100 109,889
Axalta Coating Systems LLC,
4.88%, 08/15/24 (c) USD 454 439,563
Blue Cube Spinco, Inc.:
9.75%, 10/15/23 424 474,431
10.00%, 10/15/25 308 351,890
CF Industries, Inc., 4.95%, 06/01/43 45 34,847
Chemours Co.:
6.63%, 05/15/23 129 130,935
7.00%, 05/15/25 112 113,400
4.00%, 05/15/26 EUR 186 197,936
5.38%, 05/15/27 USD 134 120,935
Cydsa SAB de CV, 6.25%, 10/04/27 (c) 252 227,433
GCP Applied Technologies, Inc.,
5.50%, 04/15/26 (c) 158 151,285
Hexion, Inc., 10.38%, 02/01/22 (c) 86 71,595
Huntsman International LLC, 5.13%, 11/15/22 280 285,043
INEOS Finance PLC, 4.00%, 05/01/23 EUR 100 114,329
Mexichem SAB de CV, 5.50%, 01/15/48 (c) USD 200 166,500
Momentive Performance Materials, Inc.,
3.88%, 10/24/21 (g) 377 403,861
NOVA Chemicals Corp., 4.88%, 06/01/24 (c) 267 248,310
Olin Corp., 5.00%, 02/01/30 117 104,130
Platform Specialty Products Corp. (c) (g) :
6.50%, 02/01/22 2,210 2,251,437
5.88%, 12/01/25 1,024 998,400
PQ Corp. (c) :
6.75%, 11/15/22 (g) 444 460,650
5.75%, 12/15/25 528 493,353
PSPC Escrow Corp., 6.00%, 02/01/23 EUR 100 116,472
Starfruit Finco BV/ tarfruit US Holdco LLC, 6.50%, 10/01/26 100 105,166
Versum Materials, Inc., 5.50%, 09/30/24 (c) USD 72 71,100
WR Grace & Co-Conn (c) :
5.13%, 10/01/21 (g) 741 746,335

4

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Chemicals (continued)
WR Grace &
Co-Conn (c) (continued):
5.63%, 10/01/24 USD 200 $ 202,440
10,207,985
Commercial Services & Supplies — 1.1%
ADT Corp.:
6.25%, 10/15/21 139 143,691
3.50%, 07/15/22 (g) 285 266,831
4.13%, 06/15/23 271 252,708
4.88%, 07/15/32 (c) 418 330,220
Advanced Disposal Services, Inc.,
5.63%, 11/15/24 (c) 161 157,378
Avolon Holdings Funding Ltd.,
5.13%, 10/01/23 (c) 386 384,552
Booz Allen Hamilton, Inc.,
5.13%, 05/01/25 (c) 204 197,880
Core & Main LP,
6.13%, 08/15/25 (c) 410 374,125
Fortress Transportation & Infrastructure Investors
LLC (c) :
6.75%, 03/15/22 71 72,150
6.50%, 10/01/25 78 75,465
GFL Environmental, Inc.,
5.38%, 03/01/23 (c) 131 119,865
Harland Clarke Holdings Corp.,
8.38%, 08/15/22 (c) 414 382,950
KAR Auction Services,
Inc., 5.13%, 06/01/25 (c) 444 415,140
Mobile Mini, Inc., 5.88%, 07/01/24 (g) 499 501,490
Paprec Holding SA, 4.00%, 03/31/25 EUR 100 99,330
Park Aerospace Holdings Ltd. (c) :
3.63%, 03/15/21 USD 226 220,350
5.25%, 08/15/22 369 369,000
5.50%, 02/15/24 12 12,074
Pitney Bowes, Inc., 3.88%, 10/01/21 (g) 500 478,750
Ritchie Bros Auctioneers, Inc.,
5.38%, 01/15/25 (c) 472 463,150
United Rentals North America, Inc.:
5.75%, 11/15/24 (g) 609 605,194
5.50%, 05/15/27 397 374,669
6,296,962
Communications Equipment — 0.8%
CommScope Technologies LLC (c) :
6.00%, 06/15/25 3 2,779
5.00%, 03/15/27 367 302,316
CommScope, Inc. (c) :
5.00%, 06/15/21 465 461,047
5.50%, 06/15/24 102 94,085
Motorola Solutions, Inc.,
3.75%, 05/15/22 (g) 1,500 1,480,671
Nokia OYJ:
3.38%, 06/12/22 106 100,568
4.38%, 06/12/27 149 139,173
Security Value
Communications Equipment (continued)
Nokia OYJ (continued):
6.63%, 05/15/39 USD 200 $ 206,260
Zayo Group LLC/Zayo Capital, Inc. (g) :
6.00%, 04/01/23 531 528,345
6.38%, 05/15/25 104 102,050
5.75%, 01/15/27 (c) 1,030 983,650
4,400,944
Construction & Engineering — 0.3%
Aeropuertos Argentina 2000 SA,
6.88%, 02/01/27 (c) 293 272,856
Aeropuertos Dominicanos Siglo XXI SA,
6.75%, 03/30/29 (c) 293 284,576
Brand Industrial Services,
Inc., 8.50%, 07/15/25 (c) 288 254,160
Engility Corp., 8.88%, 09/01/24 216 233,010
frontdoor, Inc., 6.75%, 08/15/26 (c) 241 232,565
Pisces Midco, Inc., 8.00%, 04/15/26 (c) 94 89,300
SPIE SA, 3.13%, 03/22/24 EUR 100 110,750
SRS Distribution, Inc., 8.25%, 07/01/26 (c) (g) USD 185 173,900
Tutor Perini Corp., 6.88%, 05/01/25 (c) 219 210,240
Weekley Homes LLC/Weekley Finance Corp., 6.63%, 08/15/25 61 56,578
1,917,935
Construction Materials — 0.5%
American Builders & Contractors Supply Co., Inc., 5.88%, 05/15/26 (c) 226 218,938
HD Supply, Inc., 5.38%, 10/15/26 (c) 1,778 1,716,303
LKQ Italia Bondco SpA, 3.88%, 04/01/24 EUR 100 116,040
Navistar International Corp.,
6.63%, 11/01/25 (c) USD 271 267,954
New Enterprise Stone & Lime Co., Inc., 10.13%, 04/01/22 (c) 160 164,800
Rexel SA, 3.50%, 06/15/23 EUR 116 133,950
Williams Scotsman International, Inc. (c) :
7.88%, 12/15/22 USD 109 110,090
6.88%, 08/15/23 185 181,763
2,909,838
Consumer Discretionary — 0.3%
AA Bond Co. Ltd., 4.88%, 07/31/43 GBP 100 122,488
Blitz F18-674 GmbH, 6.00%, 07/30/26 EUR 100 110,449
Nielsen Co. Luxembourg
Sarl, 5.00%, 02/01/25 (c) USD 92 89,700
Silversea Cruise Finance
Ltd., 7.25%, 02/01/25 (c) 56 60,060
Staples, Inc., 8.50%, 09/15/25 (c) 273 241,605
Viking Cruises Ltd. (c) :
6.25%, 05/15/25 225 222,750

5

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Consumer Discretionary (continued)
Viking Cruises Ltd. (c) (continued):
5.88%, 09/15/27 (g) USD 771 $ 724,740
1,571,792
Consumer Finance — 1.4%
Alliance Data Systems Corp. (c) :
5.88%, 11/01/21 696 704,700
5.38%, 08/01/22 130 129,350
Ally Financial, Inc., 8.00%, 11/01/31 (g) 1,416 1,653,463
Credivalores-Crediservicios SAS,
9.75%, 07/27/22 (c) 200 182,500
Mulhacen Pte Ltd., (6.5% Cash or 7.25% PIK), 6.50%, 08/01/23 (h) EUR 119 127,984
Navient Corp.:
5.00%, 10/26/20 (g) USD 310 306,900
6.63%, 07/26/21 113 114,130
6.50%, 06/15/22 375 376,406
5.50%, 01/25/23 134 126,295
7.25%, 09/25/23 (g) 257 258,285
5.88%, 10/25/24 65 58,338
6.75%, 06/25/25 105 97,387
6.75%, 06/15/26 211 190,955
5.63%, 08/01/33 95 70,775
Nexi Capital SpA, 3.63%, 05/01/23 (e) EUR 100 112,644
Refinitiv US Holdings, Inc.:
4.50%, 05/15/26 100 111,795
4.50%, 05/15/26 (c) 400 447,180
6.25%, 05/15/26 (c) USD 1,480 1,460,575
8.25%, 11/15/26 (c) 612 582,930
Springleaf Finance Corp.:
6.13%, 05/15/22 70 70,000
5.63%, 03/15/23 8 7,700
6.88%, 03/15/25 311 292,729
7.13%, 03/15/26 298 280,120
Verscend Escrow Corp.,
9.75%, 08/15/26 (c) 615 591,937
8,355,078
Containers & Packaging — 1.1%
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc.:
4.63%, 05/15/23 (c) 790 768,275
6.75%, 05/15/24 EUR 100 119,612
7.25%, 05/15/24 (c) (g) USD 800 808,000
4.75%, 07/15/27 (c) GBP 100 118,322
4.75%, 07/15/27 100 118,322
BWAY Holding Co., 5.50%, 04/15/24 (c) (g) USD 799 765,042
Crown Americas LLC/Crown Americas Capital Corp.:
4.75%, 02/01/26 (c) 150 144,570
4.25%, 09/30/26 166 154,380
Security Value
Containers & Packaging (continued)
Intertape Polymer Group,
Inc., 7.00%, 10/15/26 (c) USD 122 $ 122,305
Mercer International, Inc.:
6.50%, 02/01/24 113 112,435
5.50%, 01/15/26 117 106,470
Reynolds Group Issuer, Inc./Reynolds Group Issuer LLC/Reynolds Group Issuer Lu:
5.75%, 10/15/20 (g) 1,029 1,027,906
(3 mo. LIBOR US + 3.50%), 5.94%, 07/15/21 (c) (d) 433 436,204
5.13%, 07/15/23 (c) 42 41,003
7.00%, 07/15/24 (c) (g) 729 727,177
Sealed Air Corp. (c) :
4.88%, 12/01/22 192 191,280
6.88%, 07/15/33 44 44,770
Silgan Holdings, Inc., 3.25%, 03/15/25 EUR 100 113,710
Smurfit Kappa Acquisitions ULC, 2.88%, 01/15/26 100 113,669
Suzano Austria GmbH, 6.00%, 01/15/29 (c) USD 517 522,170
6,555,622
Diversified Consumer Services — 0.5%
APX Group, Inc. (g) :
8.75%, 12/01/20 262 250,865
7.88%, 12/01/22 336 328,230
Ascend Learning LLC, 6.88%, 08/01/25 (c) 283 274,510
Graham Holdings Co., 5.75%, 06/01/26 (c) 173 175,163
Laureate Education, Inc.,
8.25%, 05/01/25 (c) 114 121,695
Matthews International Corp.,
5.25%, 12/01/25 (c) 62 57,660
Pinnacle Bidco PLC, 6.38%, 02/15/25 GBP 100 128,062
Prime Security Services Borrower LLC/Prime Finance, Inc., 9.25%, 05/15/23 (c) (g) USD 1,335 1,415,100
ServiceMaster Co. LLC, 5.13%, 11/15/24 (c) 244 234,850
Verisure Holding AB, 3.50%, 05/15/23 EUR 100 111,760
3,097,895
Diversified Financial Services — 1.1%
Arrow Global Finance PLC(3 mo. Euribor + 2.88%), 2.88%, 04/01/25 (d) 100 104,201
Banca IFIS SpA, 4.50%, 10/17/27 (e) 100 90,199
Controladora Mabe SA de C.V.,
5.60%, 10/23/28 (c) USD 200 186,750
Docuformas SAPI de C.V.,
9.25%, 10/11/22 (c) 421 368,375

6

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Diversified Financial Services (continued)
FS Energy & Power Fund,
7.50%, 08/15/23 (c) USD 260 $ 254,800
General Motors Financial Co., Inc.,
4.38%, 09/25/21 (g) 530 529,474
Gilex Holding Sarl, 8.50%, 05/02/23 (c) 182 184,866
Intesa Sanpaolo SpA, 5.02%, 06/26/24 (c) (g) 2,442 2,141,453
Intrum AB, 2.75%, 07/15/22 EUR 100 105,003
Jefferies Finance LLC/JFIN Co-Issuer Corp. (c) (g) :
7.38%, 04/01/20 USD 290 291,087
6.88%, 04/15/22 480 478,944
LHC3 PLC, (4.13% Cash or 4.88% PIK),
4.13%, 08/15/24 (h) EUR 101 110,340
MSCI, Inc., 5.25%, 11/15/24 (c) USD 105 105,263
Tempo Acquisition LLC/Tempo Acquisition Finance Corp., 6.75%, 06/01/25 (c) (g) 479 452,655
Travelport Corporate Finance PLC,
6.00%, 03/15/26 (c) 171 168,435
UniCredit SpA(5 year EUR Swap + 4.32%), 4.38%, 01/03/27 (f) EUR 100 110,131
Vantiv LLC/Vanity Issuer Corp. (c) :
3.88%, 11/15/25 GBP 100 121,914
4.38%, 11/15/25 USD 200 186,250
WMG Acquisition Corp.:
4.13%, 11/01/24 EUR 90 105,582
5.50%, 04/15/26 (c) USD 120 116,400
6,212,122
Diversified Telecommunication Services — 1.3%
CenturyLink, Inc.:
5.63%, 04/01/25 (g) 526 491,810
Series P, 7.60%, 09/15/39 26 21,580
Series S, 6.45%, 06/15/21 (g) 412 421,270
Series U, 7.65%, 03/15/42 271 225,215
Series W, 6.75%, 12/01/23 (g) 325 325,812
Series Y, 7.50%, 04/01/24 332 340,715
Cincinnati Bell, Inc., 7.00%, 07/15/24 (c) 406 356,011
Embarq Corp., 8.00%, 06/01/36 428 401,785
Frontier Communications Corp.:
7.13%, 03/15/19 190 189,763
10.50%, 09/15/22 201 160,800
11.00%, 09/15/25 (g) 1,205 849,525
Level 3 Financing, Inc.:
5.38%, 08/15/22 184 183,540
5.63%, 02/01/23 115 114,943
5.13%, 05/01/23 (g) 295 291,681
5.38%, 01/15/24 325 318,984
5.38%, 05/01/25 (g) 303 295,046
5.25%, 03/15/26 (g) 937 904,673
OTE PLC, 3.50%, 07/09/20 EUR 100 116,460
Security Value
Diversified Telecommunication Services (continued)
SoftBank Group Corp.:
(5 year USD ICE Swap + 4.85%), 6.88% (f) (j) USD 290 $ 245,198
4.00%, 04/20/23 EUR 200 232,402
Telecom Italia Capital SA:
6.38%, 11/15/33 USD 233 207,370
6.00%, 09/30/34 575 491,625
7.72%, 06/04/38 21 20,580
Telecom Italia Finance SA, 7.75%, 01/24/33 EUR 37 51,209
Telecom Italia SpA, 5.88%, 05/19/23 GBP 100 132,608
Telecom Italia SpA/Milano, 2.88%, 01/28/26 EUR 100 105,560
Verizon Communications,
Inc., 3.38%, 02/15/25 (g) USD 156 150,161
7,646,326
Electric Utilities — 0.8%
AES Corp., 5.50%, 04/15/25 82 82,615
Black Hills Corp., 3.15%, 01/15/27 (g) 305 280,624
Celeo Redes Operacion Chile SA, 5.20%, 06/22/47 (c) (g) 1,006 944,201
Centrais Eletricas Brasileiras SA,
5.75%, 10/27/21 (c) 1,200 1,194,012
DPL, Inc., 7.25%, 10/15/21 30 31,875
Enel Finance International NV, 3.63%, 05/25/27 (c) (g) 900 775,120
Energuate Trust, 5.88%, 05/03/27 (c) 200 188,002
Eskom Holdings SOC Ltd.,
6.35%, 08/10/28 (c) 325 307,612
Exelon Corp., 3.40%, 04/15/26 (g) 140 130,737
Inkia Energy Ltd., 5.88%, 11/09/27 (c) 377 351,085
NextEra Energy Operating Partners LP (c) :
4.25%, 09/15/24 101 95,193
4.50%, 09/15/27 10 9,175
Talen Energy Supply LLC, 6.50%, 06/01/25 176 127,160
Texas Competitive Electric Holdings Co. LLC/TCEH Finance,
Inc. (a) :
10.25%, 11/01/15 (b)(i) 47 —
10.50%, 11/01/19 31 52
11.50%, 10/01/20 300 —
4,517,463
Electrical Equipment — 0.0%
Orano SA, 4.88%, 09/23/24 EUR 100 115,757
Electronic Equipment, Instruments & Components — 0.1%
CDW LLC/CDW Finance Corp.:
5.00%, 09/01/23 USD 72 72,090
5.50%, 12/01/24 (g) 493 493,000
5.00%, 09/01/25 107 104,325

7

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Electronic Equipment, Instruments & Components (continued)
Energizer Gamma Acquisition BV, 4.63%, 07/15/26 EUR 100 $ 107,787
Itron, Inc., 5.00%, 01/15/26 (c) USD 25 23,266
800,468
Energy Equipment & Services — 0.8%
Calfrac Holdings LP,
8.50%, 06/15/26 (c) 163 134,882
CSI Compressco LP/CSI Compressco Finance, Inc., 7.50%, 04/01/25 (c) 330 322,575
Ensco PLC:
4.50%, 10/01/24 26 19,240
5.20%, 03/15/25 313 234,162
7.75%, 02/01/26 141 116,325
Gates Global LLC/Gates Global Co., 6.00%, 07/15/22 (c) (g) 609 605,955
Halliburton Co., 3.80%, 11/15/25 (g) 100 95,525
McDermott Technology Americas, Inc./McDermott Technology U.S., Inc., 10.63%, 05/01/24 (c) 246 210,945
Oceaneering International, Inc., 4.65%, 11/15/24 46 40,423
Odebrecht Oil & Gas Finance Ltd., 0.00% (c) (j)(k) BRL 43 503
Pattern Energy Group, Inc.,
5.88%, 02/01/24 (c) USD 299 290,777
Pioneer Energy Services Corp., 6.13%, 03/15/22 275 219,312
Precision Drilling Corp.:
6.50%, 12/15/21 54 53,782
7.13%, 01/15/26 (c) 8 7,500
SESI LLC, 7.75%, 09/15/24 208 185,640
Transocean, Inc.:
8.38%, 12/15/21 51 52,084
5.80%, 10/15/22 439 403,880
9.00%, 07/15/23 (c) (g) 636 651,900
7.50%, 01/15/26 (c) 99 92,070
Trinidad Drilling Ltd., 6.63%, 02/15/25 (c) 263 264,683
USA Compression Partners LP/USA Compression Finance Corp., 6.88%, 04/01/26 (c) 277 270,421
Weatherford International Ltd.:
7.75%, 06/15/21 433 355,060
6.50%, 08/01/36 110 62,700
5.95%, 04/15/42 231 129,360
4,819,704
Environmental, Maintenance, & Security Service — 0.1%
Hulk Finance Corp.,
7.00%, 06/01/26 (c) 131 117,245
Tervita Escrow Corp.,
7.63%, 12/01/21 (c) (g) 424 415,520
Security Value
Environmental, Maintenance, & Security Service (continued)
Waste Pro USA, Inc., 5.50%, 02/15/26 (c) USD 132 $ 121,440
654,205
Equity Real Estate Investment Trusts (REITs) — 1.4%
AvalonBay Communities,
Inc., 3.45%, 06/01/25 (g) 1,245 1,209,538
ERP Operating LP, 3.38%, 06/01/25 (g) 1,015 983,941
Five Point Operating Co. LP/Five Point Capital Corp., 7.88%, 11/15/25 (c) 145 142,644
GEO Group, Inc.:
5.13%, 04/01/23 249 224,722
5.88%, 10/15/24 170 153,000
6.00%, 04/15/26 10 8,875
Hilton Domestic Operating Co., Inc.:
4.25%, 09/01/24 263 250,810
5.13%, 05/01/26 (c) 434 424,235
Hilton Worldwide Finance LLC/Hilton Worldwide Finance Corp., 4.63%, 04/01/25 30 28,950
iStar, Inc.:
4.63%, 09/15/20 33 32,711
6.00%, 04/01/22 62 61,166
5.25%, 09/15/22 67 63,985
MGM Growth Properties Operating Partnership LP/MGP Finance Co-Issuer, Inc.:
5.63%, 05/01/24 (g) 1,361 1,374,406
4.50%, 09/01/26 (g) 683 629,671
4.50%, 01/15/28 236 208,270
MPT Operating Partnership LP/MPT Finance Corp.:
6.38%, 03/01/24 42 43,470
5.50%, 05/01/24 50 50,375
5.00%, 10/15/27 303 287,850
NH Hotel Group SA, 3.75%, 10/01/23 EUR 129 149,152
Starwood Property Trust, Inc., 5.00%, 12/15/21 USD 234 233,678
Trust F/1401, 6.95%, 01/30/44 706 661,882
Ventas Realty LP, 4.13%, 01/15/26 (g) 650 635,583
VICI Properties 1 LLC/VICI FC, Inc., 8.00%, 10/15/23 244 265,283
8,124,197
Food & Staples Retailing — 0.1%
Albertsons Cos. LLC/Safeway, Inc./New Albertson’s, Inc./Albertson’s LLC:
6.63%, 06/15/24 186 179,257
5.75%, 03/15/25 104 92,820
B&M European Value Retail SA, 4.13%, 02/01/22 GBP 100 125,513

8

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Food & Staples Retailing (continued)
Casino Guichard Perrachon SA, 4.50%, 03/07/24 EUR 200 $ 207,746
Rite Aid Corp., 6.13%, 04/01/23 (c) USD 110 94,600
699,936
Food Products — 0.7%
Aramark Services, Inc.:
5.13%, 01/15/24 (g) 417 419,085
5.00%, 04/01/25 (c) 46 45,780
5.00%, 02/01/28 (c) 345 327,750
Arcor SAIC, 6.00%, 07/06/23 (c) 180 168,566
B&G Foods, Inc., 5.25%, 04/01/25 51 48,200
Chobani LLC/Chobani Finance Corp., Inc.,
7.50%, 04/15/25 (c) 266 218,120
JBS USA LUX SA/JBS USA Finance, Inc. (c) :
5.88%, 07/15/24 335 329,137
5.75%, 06/15/25 (g) 942 911,385
6.75%, 02/15/28 319 309,430
MARB BondCo PLC:
7.00%, 03/15/24 200 188,750
6.88%, 01/19/25 (c) 200 184,000
Minerva Luxembourg SA, 6.50%, 09/20/26 (c) 200 182,250
Post Holdings, Inc. (c) :
5.50%, 03/01/25 246 234,623
5.75%, 03/01/27 253 237,188
5.63%, 01/15/28 73 67,708
Simmons Foods, Inc., 7.75%, 01/15/24 (c) 135 137,700
4,009,672
Health Care Equipment & Supplies — 1.0%
Avantor, Inc. (c) :
6.00%, 10/01/24 (g) 1,388 1,375,855
9.00%, 10/01/25 517 524,109
DJO Finance LLC/DJO Finance Corp.,
8.13%, 06/15/21 (c) (g) 1,323 1,372,612
Immucor, Inc., 11.13%, 02/15/22 (c) 100 102,000
Mallinckrodt International Finance SA/Mallinckrodt CB
LLC (c) :
4.88%, 04/15/20 284 280,308
5.75%, 08/01/22 467 425,670
5.63%, 10/15/23 81 69,255
5.50%, 04/15/25 11 8,718
Ortho-Clinical Diagnostics, Inc./Ortho-Clinical Diagnostics SA, 6.63%, 05/15/22 (c) (g) 1,482 1,426,425
Teleflex, Inc.:
5.25%, 06/15/24 250 251,250
Security Value
Health Care Equipment & Supplies (continued)
Teleflex, Inc. (continued):
4.88%, 06/01/26 USD 56 $ 54,234
5,890,436
Health Care Providers & Services — 2.8%
Acadia Healthcare Co., Inc.:
5.13%, 07/01/22 85 83,300
5.63%, 02/15/23 160 157,333
6.50%, 03/01/24 412 403,760
AHP Health Partners, Inc.,
9.75%, 07/15/26 (c) 140 139,650
Centene Corp.:
4.75%, 05/15/22 (g) 314 315,177
6.13%, 02/15/24 37 38,476
4.75%, 01/15/25 200 198,750
5.38%, 06/01/26 (c) (g) 1,371 1,379,569
CHS/Community Health Systems, Inc.,
8.63%, 01/15/24 (c) 417 423,776
DaVita, Inc., 5.13%, 07/15/24 (g) 235 225,894
Eagle Holding Co. II LLC, (7.63% Cash or 8.38% PIK), 7.63%, 05/15/22 (c) (h) 182 181,773
Encompass Health Corp., 5.75%, 11/01/24 (g) 80 79,600
HCA, Inc.:
4.75%, 05/01/23 16 16,000
5.00%, 03/15/24 (g) 1,388 1,391,470
5.25%, 04/15/25 (g) 1,652 1,668,520
5.25%, 06/15/26 (g) 84 84,630
5.38%, 09/01/26 357 353,430
5.63%, 09/01/28 378 371,857
5.50%, 06/15/47 (g) 1,239 1,192,537
MEDNAX, Inc., 5.25%, 12/01/23 (c) (g) 123 121,463
Molina Healthcare, Inc.,
4.88%, 06/15/25 (c) 108 101,790
MPH Acquisition Holdings LLC, 7.13%, 06/01/24 (c) (g) 798 796,005
NVA Holdings, Inc., 6.88%, 04/01/26 (c) 265 252,744
Polaris Intermediate Corp., (8.50% Cash),
8.50%, 12/01/22 (c) (g)(h) 924 919,380
RegionalCare Hospital Partners Holdings, Inc., 8.25%, 05/01/23 (c) 188 196,107
Sotera Health Holdings LLC,
6.50%, 05/15/23 (c) 188 185,180
Surgery Center Holdings, Inc. (c) :
8.88%, 04/15/21 139 141,085
6.75%, 07/01/25 (g) 272 251,940
Team Health Holdings, Inc., 6.38%, 02/01/25 (c) (g) 419 345,675
Tenet Healthcare Corp.:
6.00%, 10/01/20 (g) 533 543,793
7.50%, 01/01/22 (c) 176 182,600
8.13%, 04/01/22 (g) 678 705,120
6.75%, 06/15/23 252 248,850

9

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Health Care Providers & Services (continued)
Tenet Healthcare Corp. (continued):
4.63%, 07/15/24 (g) USD 507 $ 483,551
6.88%, 11/15/31 166 145,665
UnitedHealth Group, Inc.,
3.75%, 07/15/25 (g) 1,470 1,463,539
Vizient, Inc., 10.38%, 03/01/24 (c) 322 350,175
WellCare Health Plans, Inc.:
5.25%, 04/01/25 85 84,256
5.38%, 08/15/26 (c) 313 310,709
16,535,129
Health Care Services — 0.0%
Aveta, Inc. Escrow, 7.00%, 04/01/19 (a) 183 —
Health Care Technology — 0.1%
Change Healthcare Holdings LLC/Change Healthcare Finance, Inc., 5.75%, 03/01/25 (c) 242 233,833
IQVIA, Inc., 3.25%, 03/15/25 (c) EUR 100 111,508
Quintiles IMS, Inc., 3.25%, 03/15/25 148 165,031
510,372
Hotels, Restaurants & Leisure — 3.3%
1011778 BC ULC/New Red Finance, Inc.,
5.00%, 10/15/25 (c) (g) USD 2,130 2,002,626
Boyd Gaming Corp., 6.00%, 08/15/26 194 187,695
Boyne USA, Inc., 7.25%, 05/01/25 (c) 80 83,200
Caesars Resort Collection LLC/CRC Finco, Inc., 5.25%, 10/15/25 (c) (g) 297 272,497
Churchill Downs, Inc., 4.75%, 01/15/28 (c) 64 58,240
CPUK Finance Ltd., 4.25%, 02/28/47 GBP 100 124,765
Eldorado Resorts, Inc.:
6.00%, 04/01/25 USD 91 88,725
6.00%, 09/15/26 (c) 117 113,198
ESH Hospitality, Inc., 5.25%, 05/01/25 (c) (g) 285 272,531
GLP Capital LP/GLP Financing II, Inc.:
5.38%, 11/01/23 126 127,692
5.25%, 06/01/25 48 47,688
Golden Nugget, Inc., 6.75%, 10/15/24 (c) 522 512,865
Hilton Worldwide Finance LLC/Hilton Worldwide Finance Corp., 4.88%, 04/01/27 2 1,908
International Game Technology PLC, 4.75%, 02/15/23 EUR 100 120,201
IRB Holding Corp., 6.75%, 02/15/26 (c) USD 70 64,575
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell of America
LLC (c) :
5.00%, 06/01/24 35 34,519
5.25%, 06/01/26 368 360,868
Security Value
Hotels, Restaurants & Leisure (continued)
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell of America LLC (c) (continued):
4.75%, 06/01/27 USD 5 $ 4,686
McDonald’s Corp.,
3.70%, 01/30/26 (g) 405 394,636
Melco Resorts Finance Ltd.,
4.88%, 06/06/25 (c) 375 332,968
MGM Resorts International:
6.63%, 12/15/21 (g) 882 923,895
7.75%, 03/15/22 439 471,925
4.63%, 09/01/26 11 9,996
New Red Finance, Inc.,
4.25%, 05/15/24 (c) 245 231,525
RHP Hotel Properties LP/RHP Finance Corp., 5.00%, 04/15/21 (g) 494 489,060
Sabre GLBL, Inc. (c) :
5.38%, 04/15/23 147 146,265
5.25%, 11/15/23 180 178,650
Scientific Games International, Inc.:
10.00%, 12/01/22 (g) 731 757,426
5.00%, 10/15/25(c) (g) 743 695,559
3.38%, 02/15/26 EUR 100 105,002
Six Flags Entertainment Corp. (c) (g) :
4.88%, 07/31/24 USD 782 748,765
5.50%, 04/15/27 61 58,408
Spirit Issuer PLC:
Series A2, (3 mo. LIBOR GBP + 2.70%), 3.50%, 12/28/31 (d) GBP 1,800 2,224,984
Series A5, 5.47%, 12/28/34 4,500 5,950,878
Stars Group Holdings BV/Stars Group US Co-Borrower LLC,
7.00%, 07/15/26 (c) USD 182 181,317
Station Casinos LLC,
5.00%, 10/01/25 (c) 133 121,529
Unique Pub Finance Co. PLC, Series A4, 5.66%, 06/30/27 GBP 59 82,184
Wyndham Destinations, Inc.:
5.40%, 04/01/24 USD 13 12,697
5.75%, 04/01/27 64 59,046
Wyndham Hotels & Resorts, Inc.,
5.38%, 04/15/26 (c) 121 116,462
Wynn Macau Ltd., 5.50%, 10/01/27 (c) (g) 600 531,000
Yum! Brands, Inc.:
3.88%, 11/01/23 98 93,100
5.35%, 11/01/43 6 5,175
19,400,931
Household Durables — 0.6%
Algeco Scotsman Global Finance PLC, 8.00%, 02/15/23 (c) (g) 600 588,000

10

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Household Durables (continued)
Brookfield Residential Properties, Inc./Brookfield Residential US Corp., 6.13%, 07/01/22 (c) USD 207 $ 200,014
K Hovnanian Enterprises, Inc.,
10.00%, 07/15/22 (c) 204 188,700
Lennar Corp.:
8.38%, 01/15/21 134 144,217
6.25%, 12/15/21 (g) 380 392,350
4.88%, 12/15/23 122 119,255
4.75%, 05/30/25 260 246,675
5.25%, 06/01/26 28 26,810
4.75%, 11/29/27 360 331,200
Mattamy Group Corp. (c) :
6.88%, 12/15/23 143 137,280
6.50%, 10/01/25 172 161,465
MDC Holdings, Inc., 6.00%, 01/15/43 122 94,703
Meritage Homes Corp., 5.13%, 06/06/27 77 67,760
PulteGroup, Inc., 6.38%, 05/15/33 (g) 469 430,307
Tempur Sealy International, Inc.,
5.50%, 06/15/26 (g) 180 169,650
TRI Pointe Group, Inc.:
4.88%, 07/01/21 112 108,080
5.25%, 06/01/27 15 12,188
TRI Pointe Group, Inc./TRI Pointe Homes, Inc.:
4.38%, 06/15/19 110 109,417
5.88%, 06/15/24 11 9,858
3,537,929
Household Products — 0.2%
ACCO Brands Corp., 5.25%, 12/15/24 (c) 85 78,413
Berkline Benchcraft LLC, 4.50%, 06/01/19 (a) 200 —
Spectrum Brands, Inc., 6.63%, 11/15/22 (g) 815 831,707
910,120
Independent Power and Renewable Electricity Producers — 0.9%
AES Corp.:
4.50%, 03/15/23 187 185,364
4.88%, 05/15/23 157 156,019
6.00%, 05/15/26 317 326,510
5.13%, 09/01/27 277 272,845
Calpine Corp.:
5.38%, 01/15/23 406 384,685
5.88%, 01/15/24 (c) 320 320,000
5.75%, 01/15/25 120 110,400
5.25%, 06/01/26 (c)(g) 835 776,550
Clearway Energy Operating LLC:
5.38%, 08/15/24 (g) 312 295,620
5.75%, 10/15/25 (c) 196 188,650
Genneia SA, 8.75%, 01/20/22 (c) 293 273,955
Security Value
Independent Power and Renewable Electricity Producers (continued)
NRG Energy, Inc.:
6.63%, 01/15/27 (g) USD 841 $ 856,701
5.75%, 01/15/28 236 230,100
TerraForm Power Operating LLC (c) :
4.25%, 01/31/23 181 171,950
6.63%, 06/15/25 (l) 30 30,900
5.00%, 01/31/28 181 162,049
Vistra Energy Corp.:
7.38%, 11/01/22 324 336,150
7.63%, 11/01/24 124 131,750
5,210,198
Industrial Conglomerates — 0.2%
Algeco Global Finance PLC, 6.50%, 02/15/23 EUR 100 111,286
Apergy Corp., 6.38%, 05/01/26 (c) USD 101 99,990
BWX Technologies, Inc., 5.38%, 07/15/26 (c) 153 148,410
Colfax Corp., 3.25%, 05/15/25 EUR 100 105,323
Vertiv Group Corp., 9.25%, 10/15/24 (c)(g) USD 604 585,880
1,050,889
Insurance — 1.6%
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer, 8.25%, 08/01/23 (c)(g) 947 962,985
Allied World Assurance Co. Holdings Ltd., 4.35%,
10/29/25 (g) 360 348,203
American International Group, Inc.,
3.75%, 07/10/25 (g) 2,705 2,556,836
AmWINS Group, Inc., 7.75%, 07/01/26 (c) 191 190,045
Aon PLC, 3.88%, 12/15/25 (g) 1,115 1,087,065
Assicurazioni Generali SpA (f) :
(3 mo. Euribor + 7.11%), 7.75%, 12/12/42 EUR 100 127,936
(3 mo. Euribor + 5.35%), 5.50%, 10/27/47 100 113,481
AssuredPartners, Inc., 7.00%, 08/15/25 (c) USD 16 15,100
Caisse Nationale de Reassurance Mutuelle Agricole Groupama, 6.00%, 01/23/27 EUR 100 126,908
Forethought Financial Group, Inc.,
8.63%, 04/15/21 (c)(g) USD 750 823,763
HUB International Ltd., 7.00%, 05/01/26 (c)(g) 764 727,710
Lincoln National Corp., 3.35%, 03/09/25 (g) 845 810,086
Muenchener Rueckversicherungs AG (3 mo. Euribor + 3.50%), 6.00%, 05/26/41 (f) EUR 400 506,573

11

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Insurance (continued)
Nationstar Mortgage Holdings, Inc. (c) :
8.13%, 07/15/23 USD 272 $ 274,720
9.13%, 07/15/26 185 187,197
Nationwide Building
Society, 4.13%, 10/18/32 (c)(e)(g) 595 521,451
USIS Merger Sub, Inc., 6.88%, 05/01/25 (c) 63 59,850
9,439,909
Internet Software & Services — 0.4%
Equinix, Inc.:
2.88%, 03/15/24 EUR 100 113,737
5.88%, 01/15/26 (g) USD 823 835,345
Netflix, Inc.:
4.38%, 11/15/26 92 84,651
5.88%, 11/15/28 (c)(g) 497 489,992
4.63%, 05/15/29 EUR 100 111,229
Rackspace Hosting, Inc., 8.63%, 11/15/24 (c)(g) USD 154 130,130
Symantec Corp., 5.00%, 04/15/25 (c) 158 152,902
Uber Technologies, Inc., 7.50%, 11/01/23 (c) 122 119,255
United Group BV, 4.38%, 07/01/22 EUR 126 141,515
2,178,756
IT Services — 0.9%
Banff Merger Sub, Inc.:
8.38%, 09/01/26 110 120,770
9.75%, 09/01/26 (c)(g) USD 1,256 1,182,210
First Data Corp. (c) :
7.00%, 12/01/23 (g) 1,190 1,231,650
5.00%, 01/15/24 180 177,516
5.75%, 01/15/24 (g) 2,024 2,031,590
Gartner, Inc., 5.13%, 04/01/25 (c) 174 171,607
InterXion Holding NV, 4.75%, 06/15/25 EUR 100 116,552
WEX, Inc., 4.75%, 02/01/23 (c) USD 177 174,823
5,206,718
Leisure Products — 0.1%
Mattel, Inc.:
6.75%, 12/31/25 (c) 323 304,428
6.20%, 10/01/40 68 53,380
5.45%, 11/01/41 40 31,200
389,008
Machinery — 0.4%
Mueller Water Products,
Inc., 5.50%, 06/15/26 (c) 170 168,300
Platin 1426 GmbH, 5.38%, 06/15/23 EUR 109 115,754
RBS Global, Inc./Rexnord LLC,
4.88%, 12/15/25 (c) USD 283 268,496
Security Value
Machinery (continued)
SPX FLOW, Inc. (c) :
5.63%, 08/15/24 USD 271 $ 261,515
5.88%, 08/15/26 139 132,745
Terex Corp., 5.63%, 02/01/25 (c)(g) 758 697,588
Titan Acquisition Ltd./Titan Co-Borrower LLC, 7.75%,
04/15/26 (c)(g) 525 430,500
Wabash National Corp., 5.50%, 10/01/25 (c) 241 214,490
2,289,388
Media — 6.8%
Altice Financing SA (c) :
6.63%, 02/15/23 200 197,500
7.50%, 05/15/26 (g) 309 290,460
Altice France SA (c) :
7.38%, 05/01/26 (g) 1,746 1,676,160
8.13%, 02/01/27 853 835,940
Altice Luxembourg SA, 7.75%, 05/15/22 (c)(g) 1,265 1,204,912
AMC Networks, Inc., 4.75%, 08/01/25 514 478,041
Cablevision SA, 6.50%, 06/15/21 (c) 176 171,380
Cablevision Systems Corp., 8.00%, 04/15/20 125 130,000
CBS Radio, Inc., 7.25%, 11/01/24 (c) 15 14,363
CCO Holdings LLC/CCO Holdings Capital Corp.:
5.13%, 02/15/23 (g) 270 267,975
4.00%, 03/01/23 (c)(g) 670 637,974
5.13%, 05/01/23 (c)(g) 375 372,656
5.13%, 05/01/27 (c)(g) 2,133 2,021,017
5.00%, 02/01/28 (c) 145 135,031
Charter Communications Operating LLC/Charter Communications Operating Capital, 4.91%, 07/23/25 (g) 2,425 2,408,298
Clear Channel International BV,
8.75%, 12/15/20 (c)(g) 560 572,600
Clear Channel Worldwide Holdings, Inc. (g) :
6.50%, 11/15/22 3,007 3,045,921
Series B, 7.63%, 03/15/20 1,199 1,197,501
Comcast Corp., 3.95%, 10/15/25 (g) 3,000 2,988,202
CSC Holdings LLC:
6.75%, 11/15/21 187 195,883
10.13%, 01/15/23 (c)(g) 1,210 1,309,946
5.38%, 07/15/23 (c)(g) 1,109 1,100,682
5.25%, 06/01/24 (g) 523 496,850
7.75%, 07/15/25 (c)(g) 476 498,600
6.63%, 10/15/25 (c)(g) 235 244,372
10.88%, 10/15/25 (c)(g) 1,614 1,860,135
5.50%, 05/15/26 (c)(g) 990 958,753

12

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Media (continued)
CSC Holdings LLC (continued):
7.50%, 04/01/28 (c) USD 479 $ 493,360
Series 144S, 5.13%, 12/15/21 (c) 493 491,151
Discovery Communications LLC (g) :
3.25%, 04/01/23 1,490 1,430,724
3.45%, 03/15/25 170 158,348
DISH DBS Corp.:
6.75%, 06/01/21 295 299,794
5.88%, 07/15/22 902 860,282
5.00%, 03/15/23 358 313,250
5.88%, 11/15/24 245 208,250
DKT Finance ApS, 7.00%, 06/17/23 EUR 158 190,265
eircom Finance DAC, 4.50%, 05/31/22 100 115,078
Gray Escrow, Inc., 7.00%, 05/15/27 (c) USD 237 240,579
Hughes Satellite Systems Corp.:
7.63%, 06/15/21 93 97,273
5.25%, 08/01/26 (g) 413 385,122
Inmarsat Finance PLC, 4.88%, 05/15/22 (c) 100 96,250
Intelsat Jackson Holdings SA:
5.50%, 08/01/23 (g) 916 808,370
8.50%, 10/15/24 (c) 1,059 1,048,516
9.75%, 07/15/25 (c) 806 832,195
Level 3 Parent LLC, 5.75%, 12/01/22 405 405,000
Live Nation Entertainment, Inc.,
4.88%, 11/01/24 (c) 29 28,058
MDC Partners, Inc., 6.50%, 05/01/24 (c) 341 289,850
Meredith Corp., 6.88%, 02/01/26 (c) 154 157,465
Midcontinent Communications/Midcontinent Finance Corp., 6.88%, 08/15/23 (c) 233 241,155
Nielsen Finance LLC/Nielsen Finance Co.,
5.00%, 04/15/22 (c) 329 321,729
Qualitytech LP/QTS Finance Corp.,
4.75%, 11/15/25 (c) 146 138,335
Radiate Holdco LLC/Radiate Finance, Inc.,
6.88%, 02/15/23 (c) 60 56,100
Sirius XM Radio, Inc., 5.00%, 08/01/27 (c) 237 222,780
TEGNA, Inc.:
5.13%, 10/15/19 105 105,063
5.50%, 09/15/24 (c) 66 66,165
Telenet Finance Luxembourg Notes Sarl,
5.50%, 03/01/28 (c) 400 366,000
Telenet Finance VI Luxembourg SCA, 4.88%, 07/15/27 EUR 90 109,051
Telesat Canada/Telesat
LLC, 8.88%, 11/15/24 (c) USD 241 257,267
Tribune Media Co., 5.88%, 07/15/22 302 305,775
Unitymedia Hessen GmbH & Co. KG/Unitymedia NRW GmbH, 3.50%, 01/15/27 EUR 100 117,372
Security Value
Media (continued)
Univision Communications, Inc. (c) :
5.13%, 05/15/23 (g) USD 336 $ 314,580
5.13%, 02/15/25 133 121,312
UPCB Finance IV Ltd.:
5.38%, 01/15/25 (c) 200 191,876
4.00%, 01/15/27 EUR 90 104,419
Videotron Ltd., 5.13%, 04/15/27 (c) USD 326 308,885
Virgin Media Finance
PLC, 5.75%, 01/15/25 (c)(g) 855 812,250
Virgin Media Receivables Financing Notes I DAC, 5.50%, 09/15/24 GBP 100 123,123
Virgin Media Secured Finance PLC:
5.13%, 01/15/25 100 127,744
5.50%, 01/15/25 180 230,512
5.25%, 01/15/26 (c)(g) USD 355 332,369
5.50%, 08/15/26 (c)(g) 200 188,310
Ziggo Bond Co. BV, 5.88%, 01/15/25 (c)(g) 470 428,584
Ziggo BV:
4.25%, 01/15/27 EUR 100 111,950
5.50%, 01/15/27 (c) USD 300 279,375
40,242,413
Metals & Mining — 1.9%
Alcoa Nederland Holding
BV, 6.13%, 05/15/28 (c) 200 195,000
Big River Steel LLC/BRS Finance Corp., 7.25%,
09/01/25 (c) 175 178,500
Cleveland-Cliffs, Inc., 4.88%, 01/15/24 (c) 188 175,780
Constellium NV (c) :
5.75%, 05/15/24 500 467,500
6.63%, 03/01/25 (g) 573 548,647
5.88%, 02/15/26 250 226,875
Freeport-McMoRan, Inc.:
4.00%, 11/14/21 240 233,700
3.55%, 03/01/22 692 658,265
3.88%, 03/15/23 1,292 1,203,175
4.55%, 11/14/24 163 151,386
5.40%, 11/14/34 161 135,240
5.45%, 03/15/43 1,262 1,031,685
Grinding Media, Inc./Moly-Cop AltaSteel Ltd., 7.38%,
12/15/23 (c)(g) 626 627,565
Joseph T Ryerson & Son, Inc.,
11.00%, 05/15/22 (c) 172 183,180
Kaiser Aluminum Corp., 5.88%, 05/15/24 112 111,440
Novelis Corp. (c) :
6.25%, 08/15/24 (g) 765 757,350
5.88%, 09/30/26 569 530,592
Steel Dynamics, Inc.:
5.25%, 04/15/23 (g) 200 199,750

13

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Metals & Mining (continued)
Steel Dynamics, Inc. (continued):
5.50%, 10/01/24 USD 56 $ 55,860
4.13%, 09/15/25 195 179,888
5.00%, 12/15/26 15 14,483
SunCoke Energy Partners LP/SunCoke Energy Partners Finance Corp., 7.50%, 06/15/25 (c) 278 273,135
Teck Resources Ltd.:
4.50%, 01/15/21 21 21,105
8.50%, 06/01/24 (c) (g) 1,191 1,292,473
5.20%, 03/01/42 (g) 473 416,883
5.40%, 02/01/43 142 126,380
United States Steel Corp.:
6.88%, 08/15/25 262 247,451
6.25%, 03/15/26 323 295,342
Vale Overseas Ltd., 6.25%, 08/10/26 188 200,690
VM Holdings SA, 5.38%, 05/04/27 (c) 237 228,113
10,967,433
Multi-Utilities — 0.3%
Brooklyn Union Gas Co., 3.41%, 03/10/26 (c) (g) 1,475 1,416,062
NGL Energy Partners LP/NGL Energy Finance Corp., 5.13%, 07/15/19 144 143,640
Superior Plus LP/Superior General Partner, Inc., 7.00%,
07/15/26 (c) 314 309,290
1,868,992
Offshore Drilling & Other Services — 0.0%
Entegris, Inc., 4.63%, 02/10/26 (c) 190 175,824
Oil, Gas & Consumable Fuels — 6.7%
Andeavor Logistics LP/Tesoro Logistics Finance Corp., 4.25%, 12/01/27 185 172,304
Antero Midstream Partners LP/Antero Midstream Finance Corp., 5.38%, 09/15/24 55 53,636
Antero Resources Corp.:
5.13%, 12/01/22 76 74,480
5.63%, 06/01/23 104 103,220
5.00%, 03/01/25 422 400,900
Ascent Resources Utica Holdings LLC/ARU Finance
Corp. (c) :
10.00%, 04/01/22 135 142,763
7.00%, 11/01/26 200 187,500
Berry Petroleum Co. LLC, 7.00%, 02/15/26 (c) 292 277,394
Bruin E&P Partners LLC, 8.88%, 08/01/23 (c) 425 395,250
California Resources Corp., 8.00%, 12/15/22 (c) (g) 694 531,777
Security Value
Oil, Gas & Consumable Fuels (continued)
Callon Petroleum Co.:
6.13%, 10/01/24 USD 202 $ 194,930
Series WI, 6.38%, 07/01/26 108 103,950
Carrizo Oil & Gas, Inc.:
6.25%, 04/15/23 188 179,070
8.25%, 07/15/25 311 316,442
Chaparral Energy, Inc., 8.75%, 07/15/23 (c) 276 260,820
Cheniere Corpus Christi Holdings LLC:
7.00%, 06/30/24 (g) 623 671,282
5.88%, 03/31/25 252 259,560
5.13%, 06/30/27 (g) 614 594,812
Cheniere Energy Partners LP, Series WI, 5.25%, 10/01/25 162 157,748
Chesapeake Energy Corp.:
6.63%, 08/15/20 208 208,520
4.88%, 04/15/22 76 70,680
7.00%, 10/01/24 652 606,360
8.00%, 01/15/25 348 334,950
7.50%, 10/01/26 172 159,530
8.00%, 06/15/27 832 790,400
Citgo Holding, Inc., 10.75%, 02/15/20 (c) 135 139,388
CNX Resources Corp., 5.88%, 04/15/22 (g) 2,601 2,545,729
Comstock Escrow Corp., 9.75%, 08/15/26 (c) 207 188,370
CONSOL Energy, Inc., 11.00%, 11/15/25 (c) (g) 585 653,737
Covey Park Energy LLC/Covey Park Finance Corp., 7.50%,
05/15/25 (c) 305 288,225
Crestwood Midstream Partners LP/Crestwood Midstream Finance Corp., 6.25%, 04/01/23 35 34,738
CrownRock LP/CrownRock Finance, Inc., 5.63%, 10/15/25 (c) (g) 1,273 1,190,255
DCP Midstream Operating LP:
4.75%, 09/30/21 (c) 80 79,800
5.38%, 07/15/25 94 94,118
6.45%, 11/03/36 (c) 226 226,000
6.75%, 09/15/37 (c) 373 375,797
DEA Finance SA, 7.50%, 10/15/22 EUR 100 118,598
Denbury Resources, Inc. (c) :
9.25%, 03/31/22 USD 402 400,995
7.50%, 02/15/24 134 118,423
Diamond Offshore Drilling, Inc.:
7.88%, 08/15/25 184 164,220
5.70%, 10/15/39 31 19,840
4.88%, 11/01/43 286 168,740
Diamondback Energy, Inc.:
4.75%, 11/01/24 109 105,866
4.75%, 11/01/24 (c) 150 145,688
5.38%, 05/31/25 310 306,512

14

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Oil, Gas & Consumable Fuels (continued)
Enbridge, Inc., 6.25%, 03/01/78 (e) USD 1,565 $ 1,389,093
Endeavor Energy Resources LP/EER Finance,
Inc. (c) :
5.50%, 01/30/26 427 438,742
5.75%, 01/30/28 133 136,658
EnLink Midstream Partners LP:
4.40%, 04/01/24 240 228,961
4.15%, 06/01/25 24 21,722
4.85%, 07/15/26 213 194,428
5.05%, 04/01/45 75 57,016
5.45%, 06/01/47 208 165,912
Ensco Jersey Finance Ltd., 3.00%, 01/31/24 734 578,724
Ensco PLC, 5.75%, 10/01/44 30 18,450
EP Energy LLC/Everest Acquisition Finance, Inc.:
9.38%, 05/01/20 8 7,440
9.38%, 05/01/24 (c) 458 251,900
7.75%, 05/15/26 (c) (g) 498 479,325
Extraction Oil & Gas, Inc. (c) :
7.38%, 05/15/24 82 72,160
5.63%, 02/01/26 537 418,860
Genesis Energy LP/Genesis Energy Finance Corp.:
6.50%, 10/01/25 95 85,975
6.25%, 05/15/26 158 139,040
Geopark Ltd., 6.50%, 09/21/24 (c) 200 190,000
Great Western Petroleum LLC/Great Western Finance, Inc., 9.00%, 09/30/21 (c) (g) 877 806,840
Gulfport Energy Corp.:
6.63%, 05/01/23 77 74,690
6.38%, 01/15/26 113 100,853
Halcon Resources Corp., 6.75%, 02/15/25 417 320,047
Hess Corp., 4.30%, 04/01/27 50 45,703
Hess Infrastructure Partners LP/Hess Infrastructure Partners Finance Corp., 5.63%, 02/15/26 (c) 261 253,170
Impulsora Pipeline LLC, 6.05%, 12/31/42 (a) 1,500 1,465,537
Jagged Peak Energy LLC, 5.88%, 05/01/26 (c) 14 13,405
Magnolia Oil & Gas Operating LLC/Magnolia Oil & Gas Finance Corp., 6.00%, 08/01/26 (c) 112 108,360
Matador Resources Co., 5.88%, 09/15/26 (c) 387 367,650
MEG Energy Corp. (c) :
6.38%, 01/30/23 125 116,563
6.50%, 01/15/25 (g) 481 490,620
Nabors Industries, Inc., 5.75%, 02/01/25 155 125,743
Security Value
Oil, Gas & Consumable Fuels (continued)
Neptune Energy Bondco PLC, 6.63%, 05/15/25 (c) USD 200 $ 188,000
New Enterprise Stone & Lime Co., Inc., 6.25%, 03/15/26 (c) 74 68,265
Newfield Exploration Co., 5.38%, 01/01/26 193 192,276
NGPL PipeCo LLC (c) :
4.88%, 08/15/27 278 265,490
7.77%, 12/15/37 (g) 354 407,100
Noble Holding International Ltd.:
7.75%, 01/15/24 192 168,000
7.88%, 02/01/26 (c) 898 837,385
5.25%, 03/15/42 118 75,520
Northern Oil and Gas, Inc., (8.75% Cash or 1.00% PIK), 9.50%, 05/15/23 (c)(h) 286 280,995
Odebrecht Offshore Drilling Finance (c) :
6.72%, 12/01/22 (b)(i) BRL 81 75,553
7.72%, 12/01/26 (h) 8 2,256
Pacific Drilling First Lien Escrow Issuer Ltd., 8.38%, 10/01/23 USD 613 603,805
Parsley Energy LLC/Parsley Finance Corp. (c) :
6.25%, 06/01/24 73 72,818
5.38%, 01/15/25 316 302,570
5.25%, 08/15/25 77 72,765
5.63%, 10/15/27 377 358,150
PBF Holding Co. LLC/ PBF Finance Corp., 7.25%, 06/15/25 212 210,410
PDC Energy, Inc.:
1.13%, 09/15/21 888 816,328
6.13%, 09/15/24 24 23,040
5.75%, 05/15/26 151 140,808
Petrobras Global Finance BV:
6.13%, 01/17/22 114 116,932
5.30%, 01/27/25 172 162,265
8.75%, 05/23/26 176 197,648
6.00%, 01/27/28 189 177,499
Petroleos Mexicanos:
5.38%, 03/13/22 39 38,140
6.50%, 03/13/27 117 109,454
5.35%, 02/12/28 (c) 89 76,700
QEP Resources, Inc.:
6.88%, 03/01/21 68 71,315
5.38%, 10/01/22 (g) 377 375,115
5.25%, 05/01/23 18 17,190
5.63%, 03/01/26 509 466,371
Range Resources Corp.:
5.88%, 07/01/22 (g) 232 229,100
5.00%, 03/15/23 148 139,583
4.88%, 05/15/25 168 152,040
Resolute Energy Corp., 8.50%, 05/01/20 412 415,296
Rowan Cos., Inc., 4.88%, 06/01/22 234 210,600

15

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Oil, Gas & Consumable Fuels (continued)
Sanchez Energy Corp.:
7.75%, 06/15/21 (g) USD 1,234 $ 360,945
7.25%, 02/15/23 (c) 117 100,035
SESI LLC, 7.13%, 12/15/21 85 80,325
Seven Generations Energy Ltd. (c) :
6.88%, 06/30/23 326 326,000
5.38%, 09/30/25 (g) 55 51,150
SM Energy Co.:
5.00%, 01/15/24 276 256,335
5.63%, 06/01/25 (g) 386 354,155
6.75%, 09/15/26 34 32,640
6.63%, 01/15/27 23 21,965
Southwestern Energy Co.:
6.20%, 01/23/25 179 171,616
7.50%, 04/01/26 178 179,335
7.75%, 10/01/27 396 400,435
Sunoco Logistics Partners Operations LP, 3.90%,
07/15/26 (g) 235 214,556
Sunoco LP/Sunoco Finance Corp.:
4.88%, 01/15/23 331 322,725
5.50%, 02/15/26 104 99,060
5.88%, 03/15/28 124 117,335
Tallgrass Energy Partners LP/Tallgrass Energy Finance
Corp. (c) :
4.75%, 10/01/23 26 25,675
5.50%, 09/15/24 (g) 462 463,155
5.50%, 01/15/28 (g) 1,103 1,083,697
Targa Resources Partners LP/Targa Resources Partners Finance Corp.:
5.25%, 05/01/23 15 14,963
5.13%, 02/01/25 68 65,620
5.88%, 04/15/26 (c) 338 336,310
5.00%, 01/15/28 356 329,019
Transcontinental Gas Pipe Line Co. LLC, 4.00%,
03/15/28 (g) 280 267,955
Transocean Guardian Ltd., 5.88%, 01/15/24 (c) 177 172,575
Transocean Pontus Ltd., 6.13%, 08/01/25 (c) 211 205,725
Transocean, Inc., 7.25%, 11/01/25 (c) 320 296,000
UGI International LLC, 3.25%, 11/01/25 EUR 100 113,776
Vantage Drilling
International, 9.25%, 11/15/23 (c) USD 132 131,670
W&T Offshore, Inc., 2018 Term Loan,
9.75%, 11/01/23 (c) 122 110,410
Whiting Petroleum Corp., 6.63%, 01/15/26 124 119,350
WildHorse Resource Development Corp., 6.88%, 02/01/25 160 156,000
WPX Energy, Inc.:
6.00%, 01/15/22 44 44,110
8.25%, 08/01/23 76 83,030
Security Value
Oil, Gas & Consumable Fuels (continued)
WPX Energy, Inc. (continued):
5.25%, 09/15/24 USD 84 $ 79,800
YPF SA, 8.50%, 07/28/25 250 236,063
39,317,201
Paper & Forest Products — 0.0%
Norbord, Inc., 6.25%, 04/15/23 (c) 152 152,190
Pharmaceuticals — 2.4%
AbbVie, Inc., 3.60%, 05/14/25 (g) 695 662,977
Allergan Funding SCS, 3.45%, 03/15/22 2,460 2,405,363
Bausch Health Cos., Inc.:
5.63%, 12/01/21 (c) 258 257,677
6.50%, 03/15/22 (c) 345 355,709
5.50%, 03/01/23 (c) 481 464,766
4.50%, 05/15/23 EUR 246 272,927
5.88%, 05/15/23 (c) (g) USD 872 849,110
7.00%, 03/15/24 (c) 476 498,015
6.13%, 04/15/25 (c) (g) 1,362 1,278,509
5.50%, 11/01/25 (c) (g) 571 561,007
9.00%, 12/15/25 (c) 144 151,920
Charles River Laboratories International, Inc., 5.50%,
04/01/26 (c) 127 127,000
CVS Health Corp. (g) :
4.75%, 12/01/22 165 170,221
4.10%, 03/25/25 2,355 2,317,344
Elanco Animal Health, Inc. (c) :
4.27%, 08/28/23 130 129,016
4.90%, 08/28/28 139 139,824
Endo Dac/Endo Finance LLC/Endo Finco, Inc., 6.00%,
07/15/23 (c) (g) 233 193,423
Endo DAC/Endo Finance LLC/Endo Finco, Inc., 5.88%,
10/15/24 (c) 205 203,592
Endo Finance LLC/Endo Finco, Inc. (c) :
7.25%, 01/15/22 121 113,135
5.38%, 01/15/23 65 53,463
Jaguar Holding Co. II/Pharmaceutical Product Development LLC, 6.38%, 08/01/23 (c) (g) 1,179 1,168,684
MEDNAX, Inc., 6.25%, 01/15/27 (c) 86 85,656
Nidda BondCo GmbH, 7.25%, 09/30/25 EUR 100 110,271
Rossini Sarl, 6.75%, 10/30/25 184 208,369
Syneos Health, Inc./inVentiv Health, Inc./inVentiv Health Clinical, Inc., 7.50%, 10/01/24 (c) USD 162 170,100
Synlab Bondco PLC, 6.25%, 07/01/22 EUR 100 116,049
Valeant Pharmaceuticals International,
8.50%, 01/31/27 (c) (g) USD 591 611,685

16

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Pharmaceuticals (continued)
Valeant Pharmaceuticals International, Inc., 9.25%, 04/01/26 (c) USD 218 $ 232,102
13,907,914
Real Estate — 0.0%
Prologis LP, 3.75%, 11/01/25 (g) 255 252,646
Real Estate Management & Development — 0.2%
ADLER Real Estate AG:
1.88%, 04/27/23 EUR 100 107,838
2.13%, 02/06/24 100 107,099
3.00%, 04/27/26 100 107,440
Greystar Real Estate Partners LLC,
5.75%, 12/01/25 (c) USD 174 165,300
Howard Hughes Corp., 5.38%, 03/15/25 (c) 218 206,555
Newmark Group, Inc., 6.13%, 11/15/23 (c) 106 104,164
Realogy Group LLC/Realogy Co-Issuer Corp., 4.50%,
04/15/19 (c) (g) 301 300,624
Residomo SRO, 3.38%, 10/15/24 EUR 100 112,010
1,211,030
Road & Rail — 0.8%
Avis Budget Finance PLC, 4.75%, 01/30/26 100 108,540
CMA CGM SA, 5.25%, 01/15/25 100 94,416
EC Finance PLC, 2.38%, 11/15/22 200 222,277
Flexi-Van Leasing, Inc., 10.00%, 02/15/23 (c) USD 169 139,002
Herc Rentals, Inc. (c) :
7.50%, 06/01/22 112 117,320
7.75%, 06/01/24 106 112,023
Hertz Corp., 7.63%, 06/01/22 (c) 404 396,930
Hertz Holdings Netherlands BV, 5.50%, 03/30/23 EUR 100 112,627
Lima Metro Line 2 Finance Ltd., 5.88%, 07/05/34 (c) (g) USD 3,000 2,985,030
Loxam SAS, 3.50%, 05/03/23 EUR 100 114,356
United Rentals North America, Inc.:
4.63%, 07/15/23 USD 160 159,000
4.63%, 10/15/25 383 354,639
5.88%, 09/15/26 26 25,252
4,941,412
Semiconductors & Semiconductor Equipment — 1.0%
Advanced Micro Devices, Inc., 7.50%, 08/15/22 73 79,479
Analog Devices, Inc. (g) :
3.90%, 12/15/25 375 365,471
3.50%, 12/05/26 275 257,449
Applied Materials, Inc., 3.90%, 10/01/25 (g) 285 282,949
Security Value
Semiconductors & Semiconductor Equipment (continued)
Broadcom Corp./Broadcom Cayman Finance Ltd., 3.63%,
01/15/24 (g) USD 1,515 $ 1,432,216
Microchip Technology, Inc., 1.63%, 02/15/25 (m) 506 739,037
ON Semiconductor Corp., 1.00%, 12/01/20 (m) 498 593,361
Qorvo, Inc., 5.50%, 07/15/26 (c) 422 409,340
QUALCOMM, Inc., 3.45%, 05/20/25 (g) 1,570 1,494,628
Sensata Technologies BV (c) :
5.63%, 11/01/24 179 179,448
5.00%, 10/01/25 (g) 278 267,575
6,100,953
Software — 1.9%
ACI Worldwide, Inc., 5.75%, 08/15/26 (c) 554 549,845
CA, Inc., 3.60%, 08/15/22 (g) 555 544,609
CDK Global, Inc., 4.88%, 06/01/27 709 661,142
Citrix Systems, Inc., 0.50%, 04/15/19 (m) 140 210,410
Genesys Telecommunications Laboratories, Inc./Greeneden Lux 3 Sarl/Greeneden US Ho, 10.00%, 11/30/24 (c) (g) 749 808,920
Infor Software Parent LLC/Infor Software Parent, Inc., (7.13% Cash or 7.88% PIK), 7.13%, 05/01/21 (c)(g)(h) 545 543,638
Infor US, Inc., 6.50%, 05/15/22 (g) 2,303 2,291,485
Informatica LLC, 7.13%, 07/15/23 (c) (g) 1,725 1,729,312
Nuance Communications, Inc.:
5.38%, 08/15/20 (c) (g) 24 24,045
6.00%, 07/01/24 174 173,130
5.63%, 12/15/26 143 137,323
PTC, Inc., 6.00%, 05/15/24 227 233,243
RP Crown Parent LLC, 7.38%, 10/15/24 (c) 480 486,600
Solera LLC/Solera Finance, Inc.,
10.50%, 03/01/24 (c) (g) 1,762 1,898,555
Sophia LP/Sophia Finance, Inc., 9.00%, 09/30/23 (c) (g) 303 312,090
TIBCO Software, Inc., 11.38%, 12/01/21 (c) (g) 784 830,060
11,434,407
Specialty Retail — 0.3%
Asbury Automotive Group, Inc.,
6.00%, 12/15/24 (g) 334 325,232
Catalent Pharma Solutions, Inc.,
4.88%, 01/15/26 (c) 324 306,990
Group 1 Automotive, Inc.:
5.00%, 06/01/22 (g) 155 151,125
5.25%, 12/15/23 (c) 18 17,415
Hexion, Inc., 6.63%, 04/15/20 109 90,061

17

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Specialty Retail (continued)
L Brands, Inc.:
6.88%, 11/01/35 (g) USD 401 $ 339,597
6.75%, 07/01/36 71 59,108
Penske Automotive Group, Inc., 5.50%, 05/15/26 32 29,600
PVH Corp., 3.13%, 12/15/27 EUR 100 108,072
Tendam Brands SAU, 5.00%, 09/15/24 100 104,436
1,531,636
Technology Hardware, Storage & Peripherals — 0.4%
Dell International LLC/EMC Corp. (c) (g) :
4.42%, 06/15/21 USD 40 40,020
7.13%, 06/15/24 651 680,425
6.02%, 06/15/26 135 136,474
8.35%, 07/15/46 80 88,183
Hewlett Packard Enterprise Co.,
4.90%, 10/15/25 (g) 375 376,311
Western Digital Corp., 4.75%, 02/15/26 (g) 1,099 1,005,585
2,326,998
Textiles, Apparel & Luxury Goods — 0.0%
SMCP Group SAS, 5.88%, 05/01/23 EUR 49 57,221
Thrifts & Mortgage Finance — 0.1%
Jerrold Finco PLC, 6.25%, 09/15/21 GBP 100 126,890
Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp. (c) :
5.25%, 03/15/22 USD 23 22,770
5.25%, 10/01/25 284 258,440
408,100
Transportation Infrastructure — 0.1%
Rumo Luxembourg Sarl, 7.38%, 02/09/24 (c) 293 302,083
Transurban Finance Co. Property Ltd.,
4.13%, 02/02/26 (c) (g) 435 426,660
728,743
Utilities — 0.1%
ContourGlobal Power Holdings SA, 3.38%, 08/01/23 EUR 100 108,104
Generacion Mediterranea SA/Generacion Frias SA/Central Termica Roca SA, 9.63%, 07/27/23 (c) USD 293 246,855
Stoneway Capital Corp., 10.00%, 03/01/27 (c) (g) 282 253,400
Security Value
Utilities (continued)
Vistra Operations Co. LLC, 5.50%, 09/01/26 (c) USD 210 $ 206,588
814,947
Wireless Telecommunication Services — 2.3%
Comunicaciones Celulares SA Via Comcel Trust, 6.88%, 02/06/24 (c) 2,073 2,099,348
CoreCivic, Inc., 4.75%, 10/15/27 169 142,805
CyrusOne LP/CyrusOne Finance Corp., 5.38%, 03/15/27 66 64,680
Equinix, Inc., 2.88%, 10/01/25 EUR 100 109,514
Frontier Communications Corp., 8.50%,
04/01/26 (c) USD 377 342,154
Iron Mountain, Inc., 3.00%, 01/15/25 EUR 100 109,310
Matterhorn Telecom SA, 3.88%, 05/01/22 100 111,042
Radiate Holdco LLC/Radiate Finance, Inc.,
6.63%, 02/15/25 (c) USD 215 193,500
Rogers Communications,
Inc., 5.00%, 03/15/44 (g) 545 548,894
SBA Communications Corp.:
4.00%, 10/01/22 401 386,965
4.88%, 09/01/24 908 880,896
Sprint Capital Corp.:
6.90%, 05/01/19 135 136,519
8.75%, 03/15/32 (g) 552 599,610
Sprint Communications, Inc., 7.00%, 03/01/20 (c) (g) 904 934,510
Sprint Corp. (g) :
7.88%, 09/15/23 1,290 1,357,338
7.13%, 06/15/24 1,910 1,938,650
7.63%, 02/15/25 207 212,951
7.63%, 03/01/26 863 884,575
Sprint Spectrum Co. LLC/Sprint Spectrum Co. II LLC/Sprint Spectrum Co. III LLC, 3.36%, 03/20/23 (c) (g) 390 385,612
T-Mobile USA, Inc.:
4.00%, 04/15/22 197 193,799
6.38%, 03/01/25 282 290,107
6.50%, 01/15/26 227 235,513
4.50%, 02/01/26 (g) 489 458,902
4.75%, 02/01/28 (g) 503 465,803
Wind Tre SpA:
2.63%, 01/20/23 EUR 100 102,738
3.13%, 01/20/25 100 100,757

18

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Wireless Telecommunication Services (continued)
Xplornet Communications, Inc., (9.63% Cash or 10.63% PIK), 9.63%, 06/01/22 (c)(h) USD 128 $ 127,578
13,414,070
Total Corporate Bonds — 58.5% (Cost — $358,041,407) 345,022,969
Floating Rate Loan
Interests (d) — 40.7%
Aerospace & Defense — 0.5%
Accudyne Industries LLC, 2017 Term Loan, (1 mo. LIBOR + 3.00%, 1.00% Floor), 5.34%, 08/18/24 1,188 1,168,678
Atlantic Aviation FBO, Inc., 2018 Term Loan B, 11/29/25 (a)(n) 397 396,008
DAE Aviation Holdings, Inc., 1st Lien Term Loan, (1 mo. LIBOR + 3.75%, 1.00% Floor), 6.09%,
07/07/22 158 157,802
TransDigm, Inc.:
2018 Term Loan E, (1 mo. LIBOR + 2.50%), 4.84%, 05/30/25 261 253,737
2018 Term Loan F, (1 mo. LIBOR + 2.50%), 4.84%, 06/09/23 788 767,601
WP CPP Holdings LLC, 2018 Term Loan, (3 mo. LIBOR + 3.75%, 1.00% Floor), 6.28%,
04/30/25 189 187,346
2,931,172
Air Freight & Logistics — 0.1%
Avolon TLB Borrower 1 (US) LLC, Term Loan B3, (1 mo. LIBOR + 2.00%), 4.30%, 01/15/25 200 197,317
XPO Logistics, Inc., 2018 Term Loan B, (3 mo. LIBOR + 2.00%), 4.51%, 02/24/25 206 204,091
401,408
Auto Components — 0.1%
USI, Inc., 2017 Repriced Term Loan, (3 mo. LIBOR + 3.00%), 5.39%, 05/16/24 664 646,690
Automobiles — 0.1%
CH Hold Corp.,:
1st Lien Term Loan, (1 mo. LIBOR + 3.00%, 1.00% Floor), 5.34%, 02/01/24 401 398,560
Security Value
Automobiles (continued)
CH Hold Corp.,(continued):
2nd Lien Term Loan, (1 mo. LIBOR + 7.25%, 1.00% Floor), 9.59%, 02/01/25 (a) USD 110 $ 109,725
508,285
Banks — 0.1%
Capri Finance LLC, 2017 1st Lien Term Loan, (3 mo. LIBOR + 3.25%), 5.78%, 11/01/24 (a) 640 628,961
Beverages — 0.0%
Jacobs Douwe Egberts International BV, 2018 USD Term Loan B, (3 mo. LIBOR + 2.00%), 4.56%, 11/01/25 (a) 255 252,706
Building Materials — 0.1%
Allied Universal HoldCo LLC, 2015 Term Loan, (3 mo. LIBOR + 3.75%, 1.00% Floor), 6.14%,
07/28/22 226 221,408
Foundation Building Materials LLC, 2018 Term Loan B, (1 mo. LIBOR + 3.25%), 5.56%, 08/13/25 (a) 273 266,678
USAGM HoldCo LLC, 2015 2nd Lien Term Loan, (1 mo. LIBOR + 8.50%, 1.00% Floor),
10.84%, 07/28/23 290 286,375
774,461
Building Products — 0.3%
Continental Building Products LLC, 2017 1st Lien Term Loan B, (1 mo. LIBOR + 2.00%),
4.34%, 08/18/23 126 123,942
CPG International, Inc., 2017 Term Loan, (6 mo. LIBOR + 3.75%, 1.00% Floor),
6.25%, 05/05/24 477 470,402
Jeld-Wen, Inc., 2017 1st Lien Term Loan, (3 mo. LIBOR + 2.00%), 4.39%, 12/14/24 356 352,613
Wilsonart LLC, 2017 Term Loan B, (3 mo. LIBOR + 3.25%, 1.00% Floor),
5.64%, 12/19/23 649 637,715
1,584,672
Capital Markets — 0.3%
Duff & Phelps Corp., 2017 Term Loan B, (1 mo. LIBOR + 3.25%, 1.00% Floor),
5.59%, 02/13/25 269 264,889
Fortress Investment Group LLC, 2018 Term Loan B, (1 mo. LIBOR + 2.00%), 4.34%, 12/27/22 424 419,678
Greenhill & Co., Inc., 1st Lien Term Loan, (3 mo. LIBOR + 3.75%, 1.00%
Floor), 6.21%, 10/12/22 411 410,474

19

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Capital Markets (continued)
RPI Finance Trust, Term Loan B6, (3 mo. LIBOR + 2.00%), 4.39%, 03/27/23 USD 837 $ 829,251
1,924,292
Chemicals — 1.8%
Alpha 3 BV, 2017 Term Loan B1, (3 mo. LIBOR + 3.00%, 1.00% Floor),
5.39%, 01/31/24 1,480 1,472,368
Axalta Coating Systems US Holdings, Inc., Term Loan, (3 mo. LIBOR + 1.75%),
4.14%, 06/01/24 911 894,737
Charter NEX US Holdings, Inc., 2017 Term Loan B, (1 mo. LIBOR + 2.75%, 1.00% Floor),
5.09%, 05/16/24 480 469,489
Chemours Co. (The), 2018 Term Loan B, (1 mo. LIBOR + 1.75%), 4.10%, 04/03/25 668 658,576
Element Materials Technology Group US Holdings, Inc., 2017 Term Loan B, (1 mo. LIBOR + 3.50%,
1.00% Floor), 5.84%, 06/28/24 213 212,854
Encapsys LLC, 1st Lien Term Loan, (1 mo. LIBOR + 3.25%, 1.00% Floor),
5.59%, 11/07/24 333 330,548
Evergreen Acqco 1 LP, Term Loan, (3 mo. LIBOR + 3.75%), 6.22%, 07/09/19 100 95,758
Invictus US LLC:
1st Lien Term Loan, (2 mo. LIBOR + 3.00%), 5.50%, 03/28/25 525 521,467
2nd Lien Term Loan, (2 mo. LIBOR + 6.75%), 9.25%, 03/25/26 135 134,494
MacDermid, Inc.,:
Term Loan B6, (1 mo. LIBOR + 3.00%, 1.00% Floor), 5.34%, 06/07/23 468 468,095
Term Loan B7, (1 mo. LIBOR + 2.50%, 1.00% Floor), 4.84%, 06/07/20 571 570,321
Messer Industries LLC, 2018 USD Term Loan,
10/01/25 (n) 1,410 1,387,976
Oxea Holding Drei GmbH, 2017 Term Loan B2, (3 mo. LIBOR + 3.50%), 5.94%, 10/11/24 (a) 1,145 1,130,704
PQ Corp., 2018 Term Loan B, (3 mo. LIBOR + 2.50%), 5.03%, 02/08/25 937 923,988
Starfruit Finco BV, 2018 USD Term Loan B, (1 mo. LIBOR + 3.25%), 5.55%, 10/01/25 525 517,125
Tata Chemicals North America, Inc., Term Loan B, (3 mo. LIBOR + 2.75%, 1.00% Floor),
5.19%, 08/07/20 (a) 476 470,877
Security Value
Chemicals (continued)
Vectra Co., 1st Lien Term Loan, (1 mo. LIBOR + 3.25%), 5.59%, 03/08/25 USD 318 $ 312,272
10,571,649
Commercial Services & Supplies — 2.4%
Advanced Disposal Services, Inc., Term Loan B3, (1 Week LIBOR + 2.25%),
4.47%, 11/10/23 982 971,030
Aramark Services, Inc., 2018 Term Loan B3, (1 mo. LIBOR + 1.75%), 4.09%, 03/11/25 663 657,769
Asurion LLC:
2017 2nd Lien Term Loan, (1 mo. LIBOR + 6.50%), 8.84%, 08/04/25 731 744,399
2017 Term Loan B4, (1 mo. LIBOR + 3.00%), 5.34%, 08/04/22 216 213,733
2018 Term Loan B6, (1 mo. LIBOR + 3.00%), 5.34%, 11/03/23 1,375 1,359,777
2018 Term Loan B7, (1 mo. LIBOR + 3.00%), 5.34%, 11/03/24 391 386,621
Camelot UK Holdco Ltd., 2017 Repriced Term Loan, (1 mo. LIBOR + 3.25%, 1.00% Floor),
5.59%, 10/03/23 618 610,498
Catalent Pharma Solutions, Inc., Term Loan B, (1 mo. LIBOR + 2.25%, 1.00% Floor),
4.59%, 05/20/24 744 737,803
Creative Artists Agency LLC, 2018 Term Loan B, (1 mo. LIBOR + 3.00%), 5.30%, 02/15/24 949 940,779
Dealer Tire LLC, 2017 Term Loan B, (1 mo. LIBOR + 3.25%, 1.00% Floor), 5.65%, 12/22/21 268 266,612
EnergySolutions LLC, 2018 Term Loan B, (3 mo. LIBOR + 3.75%, 1.00% Floor),
6.14%, 05/09/25 (a) 192 186,742
Garda World Security Corp., 2017 Term Loan, (PRIME + 3.50%), 5.82%, 05/24/24 278 275,378
GFL Environmental, Inc.:
2018 Term Loan, 05/30/25 (n) 14 13,992
2018 USD Term Loan B, (3 mo. LIBOR + 3.00%, 1.00% Floor), 5.39%, 05/30/25 967 940,394
Harland Clarke Holdings Corp., Term Loan, (3 mo. LIBOR + 4.75%, 1.00% Floor),
7.14%, 11/03/23 263 241,927
KAR Auction Services, Inc., Term Loan B5, (3 mo. LIBOR + 2.50%), 4.94%, 03/09/23 497 492,010

20

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Commercial Services & Supplies (continued)
Multi Color Corp., 2017 Term Loan B, (1 mo. LIBOR + 2.00%), 4.34%, 10/31/24 USD 250 $ 245,871
Prime Security Services Borrower LLC, 2016 1st Lien Term Loan, (1 mo. LIBOR +
2.75%, 1.00% Floor), 5.09%, 05/02/22 1,474 1,456,659
Verscend Holding Corp., 2018 Term Loan B, (1 mo. LIBOR + 4.50%), 6.84%, 08/27/25 2,109 2,105,219
West Corp., 2017 Term Loan, (1 mo. LIBOR + 4.00%, 1.00% Floor),
6.53%, 10/10/24 1,075 1,031,772
West Corporation, 2018 Term Loan B1, (3 mo. LIBOR + 3.50%, 1.00% Floor),
6.03%, 10/10/24 100 97,070
13,976,055
Communications Equipment — 0.4%
Avantor, Inc., 2017 1st Lien Term Loan, (1 mo. LIBOR + 3.75%, 1.00% Floor),
6.07%, 11/21/24 1,190 1,187,945
Avaya, Inc., 2018 Term Loan B, (1 mo. LIBOR + 4.25%), 6.61%, 12/15/24 515 507,487
Ciena Corp., 2018 Term Loan B, (1 mo. LIBOR + 2.00%), 4.30%, 09/26/25 177 176,227
CommScope, Inc., Term Loan B5, (1 mo. LIBOR + 2.00%), 4.35%, 12/29/22 141 139,245
Securus Technologies Holdings, Inc., 2017 1st Lien Term Loan, (1 mo. LIBOR +
4.50%, 1.00% Floor), 6.84%, 11/01/24 84 82,481
2,093,385
Construction & Engineering — 0.5%
Brand Energy & Infrastructure Services, Inc., 2017 Term Loan, (3 mo. LIBOR +
4.25%, 1.00% Floor), 6.73%, 06/21/24 1,867 1,833,991
Engility Corp., Term Loan B1, (PRIME + 1.25%), 4.59%, 08/12/20 60 59,848
Pike Corp., 2018 Term Loan B, (1 mo. LIBOR + 3.50%, 1.00% Floor),
5.85%, 03/23/25 342 341,582
Ply Gem Midco, Inc., 2018 Term Loan, (3 mo. LIBOR + 3.75%), 6.18%, 04/12/25 130 127,075
SRS Distribution, Inc., 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.25%),
5.59%, 05/23/25 403 387,279
Security Value
Construction & Engineering (continued)
USIC Holdings, Inc., 2017 Term Loan B, (1 mo. LIBOR + 3.25%, 1.00% Floor),
5.59%, 12/08/23 USD 406 $ 398,281
3,148,056
Construction Materials — 0.4%
Core & Main LP, 2017 Term Loan B, (3 mo. LIBOR + 3.00%, 1.00% Floor),
5.53%, 08/01/24 (a) 936 924,448
Filtration Group Corp., 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.00%),
5.34%, 03/29/25 1,417 1,404,832
GYP Holdings III Corp., 2018 Term Loan B, (1 mo. LIBOR + 2.75%), 5.09%, 06/01/25 128 123,608
2,452,888
Containers & Packaging — 0.4%
Berry Global, Inc.:
2018 Term Loan S, (1 mo. LIBOR + 1.75%), 4.07%, 02/08/20 195 193,068
Term Loan Q, (1 mo. LIBOR + 2.00%), 4.32%, 10/01/22 1,077 1,063,567
BWAY Holding Co., 2017 Term Loan B, (3 mo. LIBOR + 3.25%), 5.66%, 04/03/24 560 543,714
Flex Acquisition Co., Inc., 2018 Incremental Term Loan, (1 mo. LIBOR + 3.25%),
5.55%, 06/29/25 644 633,749
2,434,098
Distributors — 0.3%
American Builders & Contractors Supply Co., Inc., 2018 Term Loan B, (1 mo. LIBOR + 2.00%),
4.34%, 10/31/23 923 899,631
TriMark USA LLC, 2017 1st Lien Term Loan, (1 mo. LIBOR + 3.50%), 5.85%, 08/28/24 1,079 1,007,507
1,907,138
Diversified Consumer Services — 1.2%
AI Aqua Merger Sub, Inc.,:
2017 1st Lien Term Loan B, (1 mo. LIBOR + 3.25%, 1.00% Floor),
5.59%, 12/13/23 463 457,614
2017 Incremental Term Loan, (1 mo. LIBOR + 3.25%, 1.00% Floor),
5.59%, 12/13/23 239 235,135
Ascend Learning LLC, 2017 Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor),
5.34%, 07/12/24 376 371,185
Bright Horizons Family Solutions, Inc., 2017 Term Loan B, (3 mo. LIBOR + 1.75%),
4.09%, 11/07/23 511 507,982

21

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Diversified Consumer Services (continued)
CHG PPC Parent LLC, 2018 Term Loan B, (1 mo. LIBOR + 2.75%), 5.09%, 03/31/25 (a) USD 234 $ 231,189
Equian LLC, Add on Term Loan B, (1 mo. LIBOR + 3.25%, 1.00% Floor),
5.57%, 05/20/24 546 541,760
Genuine Financial Holdings LLC, 2018 1st Lien Term Loan, (3 mo. LIBOR + 3.75%),
6.14%, 07/12/25 459 454,984
Nomad Foods Europe Midco Ltd., 2017 Term Loan B4, (1 mo. LIBOR + 2.25%),
4.56%, 05/15/24 522 510,972
Serta Simmons Bedding LLC,:
1st Lien Term Loan, (1 mo. LIBOR + 3.50%, 1.00% Floor), 5.81%, 11/08/23 780 687,793
2nd Lien Term Loan, (1 mo. LIBOR + 8.00%, 1.00% Floor), 10.32%, 11/08/24 296 220,606
ServiceMaster Co., 2016 Term Loan B, (1 mo. LIBOR + 2.50%), 4.84%, 11/08/23 289 287,646
Spin Holdco, Inc., 2017 Term Loan B, (3 mo. LIBOR + 3.25%, 1.00% Floor),
5.69%, 11/14/22 664 650,344
Uber Technologies, 2018 Term Loan, (1 mo. LIBOR + 4.00%, 1.00% Floor),
6.32%, 04/04/25 434 428,489
Weight Watchers International, Inc., 2017 Term Loan B, (3 mo. LIBOR + 4.75%),
7.15%, 11/29/24 1,338 1,338,786
6,924,485
Diversified Financial Services — 0.7%
AlixPartners LLP, 2017 Term Loan B, (1 mo. LIBOR + 2.75%, 1.00% Floor),
5.09%, 04/04/24 1,389 1,373,829
CRCI Longhorn Holdings, Inc., 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.50%),
5.82%, 08/08/25 (a) 249 246,821
Edelman Financial Center LLC, 2018 1st Lien Term Loan, (3 mo. LIBOR + 3.25%),
5.69%, 07/21/25 253 250,629
EG Finco Ltd., 2018 Term Loan, (3 mo. LIBOR + 4.00%), 6.39%, 02/07/25 740 730,231
Kingpin Intermediate Holdings LLC, 2018 Term Loan B, (1 mo. LIBOR + 3.50%, 1.00% Floor),
5.84%, 07/03/24 (a) 575 571,725
LTI Holdings, Inc., 2018 Add On 1st Lien Term Loan, (1 mo. LIBOR + 3.50%),
5.84%, 09/06/25 337 331,524
Security Value
Diversified Financial Services (continued)
Oryx Southern Delaware Holdings LLC, Term Loan, (1 mo. LIBOR + 3.25%, 1.00% Floor),
5.59%, 02/28/25 USD 150 $ 145,007
SSH Group Holdings, Inc., 2018 1st Lien Term Loan, (3 mo. LIBOR + 4.25%), 6.77%, 07/30/25 (a) 249 245,888
3,895,654
Diversified Telecommunication Services — 1.5%
CenturyLink, Inc.:
2017 Term Loan A, (1 mo. LIBOR + 2.75%), 5.09%, 11/01/22 521 516,509
2017 Term Loan B, (1 mo. LIBOR + 2.75%), 5.09%, 01/31/25 948 919,708
Consolidated Communications, Inc., 2016 Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor),
5.35%, 10/04/23 138 131,940
Frontier Communications Corp., Delayed Draw Term Loan A, (1 mo. LIBOR + 2.75%),
5.10%, 03/31/21 769 734,644
Hargray Communications Group, Inc., 2017 Term Loan B, (1 mo. LIBOR + 3.00%, 1.00%
Floor), 5.34%, 05/16/24 555 549,684
Level 3 Financing, Inc., 2017 Term Loan B, (1 mo. LIBOR + 2.25%),
4.56%, 02/22/24 839 828,258
MTN Infrastructure TopCo, Inc, 1st Lien Term Loan B, (1 mo. LIBOR + 3.00%, 1.00%
Floor), 5.34%, 11/15/24 607 601,889
Sprint Communications, Inc., 1st Lien Term Loan B, (1 mo. LIBOR + 2.50%),
4.88%, 02/02/24 1,169 1,152,557
TDC A/S, Term Loan, (1 Week EURIBOR + 3.50%), 3.50%, 06/04/25 EUR 819 924,175
Telenet Financing USD LLC, Term Loan AN, (1 mo. LIBOR + 2.25%), 4.56%, 08/15/26 USD 1,390 1,364,188
Zayo Group LLC:
2017 Incremental Term Loan, (1 mo. LIBOR + 2.25%, 1.00% Floor),
4.59%, 01/19/24 95 94,050
2017 Term Loan B1, (1 mo. LIBOR + 2.00%), 4.34%, 01/19/21 767 761,541
8,579,143
Electric Utilities — 0.3%
Dayton Power & Light Co., Term Loan B, (1 mo. LIBOR + 2.00%),
4.35%, 08/24/22 239 238,214
TEX Operations Co. LLC, Exit Term Loan B, (1 mo. LIBOR + 2.00%), 4.34%, 08/04/23 647 637,569

22

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Electric Utilities (continued)
Texas Competitive Electric Holdings Co. LLC/TCEH Finance, Inc., Term Loan, 11/10/19 (a)(n) USD 780 $ —
Vistra Energy Corp., 1st Lien Term Loan B3, (1 mo. LIBOR + 2.00%),
4.31%, 12/31/25 1,053 1,035,925
Vistra Operations Co. LLC, 2016 Term Loan B2, (1 mo. LIBOR + 2.25%),
4.59%, 12/14/23 151 149,379
2,061,087
Electrical Equipment — 0.3%
AL Alpine AT Bidco GmbH, 2018 Term Loan B,
09/30/25 (a)(n) 236 231,870
EXC Holdings III Corp., 2017 1st Lien Term Loan, (3 mo. LIBOR + 3.50%, 1.00% Floor),
5.89%, 12/02/24 298 295,517
Gates Global LLC, 2017 Repriced Term Loan B, (1 mo. LIBOR + 2.75%, 1.00% Floor),
5.09%, 04/01/24 1,171 1,150,740
MLN US HoldCo LLC, 2018 1st Lien Term Loan,
07/11/25 (n) 289 288,459
1,966,586
Electronic Equipment, Instruments & Components — 0.1%
GrafTech Finance, Inc., 2018 Term Loan B, (1 mo. LIBOR + 3.50%, 1.00% Floor),
5.84%, 02/12/25 (a) 573 564,874
Zebra Technologies Corporation, 2018 Term Loan B, (3 mo. LIBOR + 1.75%),
4.09%, 10/27/21 125 124,682
689,556
Energy Equipment & Services — 0.3%
Gavilan Resources LLC, 2nd Lien Term Loan, (1 mo. LIBOR + 6.00%, 1.00% Floor),
8.31%, 03/01/24 547 462,773
Ocean Rig UDW, Inc., Term Loan, (Fixed + 8.00%), 8.00%, 09/20/24 44 46,436
Pioneer Energy Services Corp., Term Loan, (1 mo. LIBOR + 7.75%, 1.00% Floor),
10.06%, 11/08/22 (a) 260 264,550
Seadrill Partners Finco LLC, Term Loan B, (3 mo. LIBOR + 6.00%, 1.00% Floor),
8.39%, 02/21/21 269 229,476
Weatherford International Ltd., Term Loan, (1 mo. LIBOR + 1.42%), 3.78%, 07/13/20 396 387,707
Security Value
Energy Equipment & Services (continued)
Woodford Express LLC, 2018 Term Loan B, (1 mo. LIBOR + 5.00%, 1.00% Floor),
7.34%, 01/17/25 USD 358 $ 352,977
1,743,919
Equity Real Estate Investment Trusts (REITs) — 0.8%
Capital Automotive LP, 2017 1st Lien Term Loan, (1 mo. LIBOR + 2.50%, 1.00% Floor),
4.85%, 03/24/24 245 241,260
Iron Mountain, Inc., 2018 Term Loan B, (1 mo. LIBOR + 1.75%), 4.09%, 01/02/26 680 665,264
MGM Growth Properties Operating Partnership LP, 2016 Term Loan B, (1 mo. LIBOR + 2.00%),
4.34%, 03/21/25 1,365 1,338,709
RHP Hotel Properties LP, 2017 Term Loan B, (3 mo. LIBOR + 2.00%),
4.44%, 05/11/24 404 399,981
VICI Properties 1 LLC, Replacement Term Loan B, (1 mo. LIBOR + 2.00%),
4.31%, 12/20/24 1,873 1,840,250
4,485,464
Food & Staples Retailing — 0.4%
Albertsons LLC, Term Loan B7, (3 mo. LIBOR + 3.00%), 5.45%, 11/17/25 559 546,274
Hearthside Food Solutions LLC:
2018 Incremental Term Loan, 05/31/25 (n) 549 542,137
2018 Term Loan B, (1 mo. LIBOR + 3.68%), 6.03%, 05/23/25 274 266,096
Hostess Brands LLC, 2017 Repriced Term Loan, (2 mo. LIBOR + 2.25%), 4.70%, 08/03/22 646 629,159
US Foods, Inc., 2016 Term Loan B, (1 mo. LIBOR + 2.00%), 4.34%, 06/27/23 650 641,614
2,625,280
Food Products — 0.8%
8th Avenue Food & Provisions, Inc., 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.75%),
6.05%, 10/01/25 188 187,686
CFSP Acquisition Corp. (a) :
2018 1st Lien Term Loan, (1 mo. LIBOR + 3.00%, 1.00% Floor),
5.32%, 03/20/25 173 168,783

23

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Food Products (continued)
Chobani LLC, 2017 Term Loan B, (1 mo. LIBOR + 3.50%, 1.00% Floor),
5.84%, 10/10/23 USD 1,421 $ 1,334,597
JBS USA LLC, 2017 Term Loan B, (3 mo. LIBOR + 2.50%), 4.84%, 10/30/22 1,610 1,586,661
Post Holdings, Inc., 2017 Series A Incremental Term Loan, (1 mo. LIBOR + 2.00%),
4.32%, 05/24/24 364 361,733
Reynolds Group Holdings, Inc., 2017 Term Loan, (1 mo. LIBOR + 2.75%), 5.09%, 02/05/23 1,330 1,312,724
4,952,184
Gas Utilities — 0.1%
AL Midcoast Holdings LLC, 2018 Term Loan B, (2 mo. LIBOR + 5.50%), 7.89%, 07/31/25 464 454,916
Health Care Equipment & Supplies — 1.1%
CryoLife, Inc., Term Loan B, (3 mo. LIBOR + 3.25%, 1.00% Floor), 5.64%, 11/14/24 (a) 581 577,710
DJO Finance LLC, 2015 Term Loan, (3 mo. LIBOR + 3.25%, 1.00% Floor),
5.62%, 06/08/20 2,132 2,127,018
Immucor, Inc., Extended Term Loan B, (3 mo. LIBOR + 5.00%, 1.00% Floor), 7.39%, 06/15/21 (a) 1,182 1,185,268
Mallinckrodt International Finance SA, Term Loan B, (3 mo. LIBOR + 2.75%),
5.14%, 09/24/24 445 425,019
Ortho-Clinical Diagnostics SA, 2018 Term Loan B, (3 mo. LIBOR + 3.25%),
5.58%, 06/30/25 1,986 1,934,488
6,249,503
Health Care Providers & Services — 2.1%
Acadia Healthcare Co., Inc.:
2018 Term Loan B3, (1 mo. LIBOR + 2.50%), 4.84%, 02/11/22 126 124,978
2018 Term Loan B4, (1 mo. LIBOR + 2.50%), 4.84%, 02/16/23 417 412,368
AHP Health Partners, Inc., 2018 Term Loan, (1 mo. LIBOR + 4.50%, 1.00% Floor),
6.84%, 06/30/25 259 257,838
Auris Luxembourg III Sarl, 2017 Term Loan B7, (3 mo. LIBOR + 3.00%, 1.00% Floor),
5.39%, 01/17/22 (a) 845 840,716
CHG Healthcare Services, Inc., 2017 1st Lien Term Loan B, (3 mo. LIBOR + 3.00%, 1.00% Floor),
5.46%, 06/07/23 1,145 1,140,846
Security Value
Health Care Providers & Services (continued)
Concentra, Inc.:
2018 1st Lien Term Loan, (1 mo. LIBOR + 2.75%), 5.07%, 06/01/22 USD 605 $ 597,819
2018 2nd Lien Term Loan, (1 mo. LIBOR + 6.50%, 1.00% Floor), 8.82%, 06/01/23 624 624,780
DaVita HealthCare Partners, Inc., Term Loan B, (1 mo. LIBOR + 2.75%), 5.09%, 06/24/21 250 248,665
DentalCorp Perfect Smile ULC,:
1st Lien Delayed Draw Term Loan, (1 mo. LIBOR + 3.75%, 1.00% Floor),
4.82%, 06/06/25 73 32,975
1st Lien Term Loan, (1 mo. LIBOR + 3.75%, 1.00% Floor), 6.09%, 06/06/25 291 288,927
Diplomat Pharmacy, Inc., 2017 Term Loan B, (1 mo. LIBOR + 4.50%, 1.00% Floor),
6.85%, 12/20/24 314 313,193
Envision Healthcare Corp., 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.75%),
6.09%, 10/10/25 1,180 1,132,588
Gentiva Health Services, Inc. (a) :
2018 1st Lien Term Loan, (1 mo. LIBOR + 3.75%), 6.13%, 07/02/25 355 354,234
2018 2nd Lien Term Loan, (1 mo. LIBOR + 7.00%), 9.38%, 07/02/26 86 86,250
HC Group Holdings III, Inc., 2018 Term Loan B, (1 mo. LIBOR + 3.75%), 6.09%, 04/07/22 810 808,634
HCA, Inc.:
2018 Term Loan B10, (1 mo. LIBOR + 2.00%), 4.34%, 03/13/25 149 148,690
Term Loan B11, (1 mo. LIBOR + 1.75%), 4.09%, 03/18/23 777 772,271
Lifescan Global Corp., 2018 1st Lien Term Loan, (3 mo. LIBOR + 6.00%),
8.40%, 09/27/24 115 110,161
MPH Acquisition Holdings LLC, 2016 Term Loan B, (3 mo. LIBOR + 2.75%, 1.00% Floor),
5.14%, 06/07/23 1,069 1,047,723
nThrive, Inc., 2016 1st Lien Term Loan, (1 mo. LIBOR + 4.50%, 1.00% Floor),
6.84%, 10/20/22 602 602,153
NVA Holdings, Inc., Term Loan B3, (1 mo. LIBOR + 2.75%, 1.00% Floor),
5.09%, 02/02/25 682 664,157

24

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Health Care Providers & Services (continued)
ScribeAmerica Intermediate Holdco LLC, 2018 Term Loan, (1 mo. LIBOR + 4.50%),
6.81%, 04/03/25 USD 257 $ 254,751
Team Health Holdings, Inc., 1st Lien Term Loan, (1 mo. LIBOR + 2.75%, 1.00% Floor),
5.09%, 02/06/24 622 579,529
Universal Hospital Services, Inc., Term Loan,
10/18/25 (a)(n) 243 241,785
Vizient, Inc., 2017 Term Loan B, (1 mo. LIBOR + 2.75%, 1.00% Floor),
5.09%, 02/13/23 193 191,964
WP CityMD Bidco LLC, 2018 1st Lien Term Loan, (3 mo. LIBOR + 3.50%, 1.00% Floor),
5.89%, 06/07/24 254 250,864
12,128,859
Health Care Services — 0.1%
Sound Inpatient Physicians:
2018 1st Lien Term Loan, (1 mo. LIBOR + 3.00%), 5.34%, 06/27/25 225 224,238
2018 2nd Lien Term Loan, (1 mo. LIBOR + 6.75%), 9.09%, 06/26/26 123 123,000
347,238
Health Care Technology — 0.3%
Change Healthcare Holdings, Inc., 2017 Term Loan B, (1 mo. LIBOR + 2.75%, 1.00% Floor),
5.09%, 03/01/24 772 762,208
GoodRx, Inc., 1st Lien Term Loan, (1 mo. LIBOR + 3.00%), 5.32%, 10/10/25 197 195,686
Press Ganey Holdings, Inc.,:
2018 1st Lien Term Loan, (1 mo. LIBOR + 2.75%, 1.00% Floor), 5.09%, 10/23/23 631 623,606
2nd Lien Term Loan, (1 mo. LIBOR + 6.50%, 1.00% Floor), 8.84%, 10/21/24 (a) 97 96,630
1,678,130
Hotels, Restaurants & Leisure — 2.6%
Aristocrat Technologies, Inc., 2018 1st Lien Term Loan, (3 mo. LIBOR + 1.75%),
4.22%, 10/19/24 417 409,774
Boyd Gaming Corp., Term Loan B3, (1 Week LIBOR + 2.25%), 4.48%, 09/15/23 1,336 1,310,260
Bronco Midstream Funding LLC, Term Loan B, (1 mo. LIBOR + 3.50%), 5.82%, 08/14/23 287 284,424
Security Value
Hotels, Restaurants & Leisure (continued)
Burger King Newco Unlimited Liability Co., Term Loan B3, (1 mo. LIBOR + 2.25%, 1.00% Floor),
4.59%, 02/16/24 USD 2,267 $ 2,219,628
Caesars Resort Collection LLC, 2017 1st Lien Term Loan B, (1 mo. LIBOR + 2.75%),
5.09%, 12/22/24 1,485 1,457,059
CCM Merger, Inc., Term Loan B, (1 mo. LIBOR + 2.25%), 4.59%, 08/08/21 528 526,161
CEC Entertainment, Inc., Term Loan B, (1 mo. LIBOR + 3.25%, 1.00% Floor),
5.60%, 02/14/21 375 358,420
ESH Hospitality, Inc., 2018 Term Loan B, (1 mo. LIBOR + 2.00%), 4.34%, 08/30/23 818 807,329
Four Seasons Hotels Ltd., 1st Lien Term Loan, (1 mo. LIBOR + 2.00%), 4.34%, 11/30/23 397 392,592
Gateway Casinos & Entertainment Ltd., 2018 Term Loan B, (3 mo. LIBOR + 3.00%),
5.39%, 12/01/23 50 49,480
GVC Holdings PLC, 2018 Term Loan, (1 mo. LIBOR + 2.50%, 1.00% Floor),
4.84%, 03/29/24 328 326,094
Hilton Worldwide Finance LLC, Term Loan B2, (1 mo. LIBOR + 1.75%), 4.07%, 10/25/23 28 27,377
IRB Holding Corp., 1st Lien Term Loan, (1 mo. LIBOR + 3.25%, 1.00% Floor),
5.57%, 02/05/25 1,070 1,057,856
KFC Holding Co., 2018 Term Loan B, (1 mo. LIBOR + 1.75%), 4.05%, 04/03/25 510 504,726
Lakeland Tours LLC, 2017 1st Lien Term Loan B, (3 mo. LIBOR + 4.00%, 1.00% Floor),
6.33%, 12/15/24 365 362,892
Marriott Ownership Resorts, Inc., 2018 Term Loan B, (1 mo. LIBOR + 2.25%),
4.59%, 08/29/25 406 404,226
Penn National Gaming, Inc., 2018 1st Lien Term Loan B, (3 mo. LIBOR + 2.25%),
4.58%, 10/15/25 198 196,103
Playa Resorts Holding BV, 2017 Term Loan B, (1 mo. LIBOR + 2.75%, 1.00% Floor),
5.09%, 04/29/24 436 420,931
Sabre GLBL, Inc., 2018 Term Loan B, (1 mo. LIBOR + 2.00%), 4.34%, 02/22/24 887 872,272
Scientific Games International, Inc., 2018 Term Loan B5, (2 mo. LIBOR + 2.75%),
5.22%, 08/14/24 793 770,627
Stars Group Holdings BV, 2018 Incremental Term Loan, (3 mo. LIBOR + 3.50%),
5.89%, 07/10/25 2,087 2,077,087

25

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Hotels, Restaurants & Leisure (continued)
Wyndham Hotels & Resorts, Inc., Term Loan B, (1 mo. LIBOR + 1.75%),
4.09%, 05/30/25 USD 510 $ 504,517
15,339,835
Household Products — 0.3%
Energizer Holdings, Inc., 2018 Term Loan B,
06/20/25 (a)(n) 230 224,250
Mastronardi Produce Ltd., Term Loan B, (1 mo. LIBOR + 3.25%), 5.55%, 05/01/25 190 189,407
SIWF Holdings, Inc., 1st Lien Term Loan, (1 mo. LIBOR + 4.25%), 6.55%, 06/15/25 414 407,236
Spectrum Brands, Inc., 2017 Term Loan B, (3 mo. LIBOR + 2.00%), 4.43%, 06/23/22 921 909,625
1,730,518
Independent Power and Renewable Electricity Producers — 0.6%
AES Corp., 2018 Term Loan B, (3 mo. LIBOR + 1.75%), 4.46%, 05/31/22 473 470,460
Calpine Construction Finance Co. LP, 2017 Term Loan B, (1 mo. LIBOR + 2.50%),
4.84%, 01/15/25 810 795,600
Calpine Corp.:
Term Loan B6, (3 mo. LIBOR + 2.50%), 4.89%, 01/15/23 267 262,471
Term Loan B7, (3 mo. LIBOR + 2.50%), 4.89%, 05/31/23 255 249,781
Compass Power Generation LLC, 2018 Term Loan B, (1 mo. LIBOR + 3.50%, 1.00% Floor),
5.84%, 12/20/24 391 391,096
EIF Channelview Cogeneration LLC, 2018 Term Loan B, (1 mo. LIBOR + 4.25%, 1.00% Floor),
6.60%, 05/03/25 142 142,400
Granite Acquisition, Inc.,:
Term Loan B, (3 mo. LIBOR + 3.50%, 1.00% Floor), 5.90%, 12/19/21 668 664,135
Term Loan C, (3 mo. LIBOR + 3.50%, 1.00% Floor), 5.89%, 12/19/21 85 84,821
Terra-Gen Finance Co. LLC, Term Loan B, (1 mo. LIBOR + 4.25%, 1.00% Floor),
6.60%, 12/09/21 (a) 288 231,828
3,292,592
Industrial Conglomerates — 0.3%
Cortes NP Acquisition Corp., 2017 Term Loan B, (3 mo. LIBOR + 4.00%, 1.00% Floor),
6.71%, 11/30/23 (a) 1,557 1,506,575
Security Value
Industrial Conglomerates (continued)
Sequa Mezzanine Holdings LLC, 1st Lien Term Loan, (3 mo. LIBOR + 5.00%, 1.00% Floor),
7.41%, 11/28/21 USD 524 $ 511,066
2,017,641
Insurance — 1.3%
Achilles Acquisition LLC, 2018 Term Loan, (1 mo. LIBOR + 4.00%), 6.38%, 10/03/25 282 280,590
Alliant Holdings I, Inc., 2018 Term Loan B, (1 mo. LIBOR + 2.75%), 5.06%, 05/09/25 835 819,441
AmWINS Group, Inc., 2017 Term Loan B, (1 mo. LIBOR + 2.75%, 1.00% Floor),
5.09%, 01/25/24 861 852,819
AssuredPartners, Inc., 2017 1st Lien Add-On Term Loan, (1 mo. LIBOR + 3.25%),
5.59%, 10/22/24 668 654,836
Davis Vision, Inc., 1st Lien Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor),
5.34%, 12/02/24 601 589,768
Hub International Ltd., 2018 Term Loan B, (3 mo. LIBOR + 3.00%), 5.49%, 04/25/25 525 514,847
Sedgwick Claims Management Services, Inc.:
1st Lien Term Loan, (1 mo. LIBOR + 2.75%, 1.00% Floor), 5.09%, 03/01/21 1,076 1,064,141
2018 Term Loan B, 12/31/25 (n) 2,000 1,977,500
2nd Lien Term Loan, (1 mo. LIBOR + 5.75%, 1.00% Floor), 8.09%, 02/28/22 765 764,044
Stratose Intermediate Holdings II LLC, 1st Lien Term Loan, (1 mo. LIBOR + 3.25%, 1.00% Floor),
5.59%, 06/22/23 381 379,503
7,897,489
Internet & Direct Marketing Retail — 0.1%
Harbor Freight Tools USA, Inc., 2018 Term Loan B, (1 mo. LIBOR + 2.50%),
4.84%, 08/18/23 530 512,311
Internet Software & Services — 0.5%
Go Daddy Operating Co. LLC, 2017 Repriced Term Loan, (1 mo. LIBOR + 2.25%),
4.59%, 02/15/24 1,333 1,317,992
Inmar Holdings, Inc., 2017 1st Lien Term Loan, (1 mo. LIBOR + 3.50%, 1.00% Floor),
5.84%, 05/01/24 292 290,095

26

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Internet Software & Services (continued)
Rackspace Hosting, Inc., 2017 Incremental 1st Lien Term Loan, (3 mo. LIBOR + 3.00%, 1.00%
Floor), 5.58%, 11/03/23 USD 789 $ 720,981
TierPoint LLC, 2017 1st Lien Term Loan, (1 mo. LIBOR + 3.75%, 1.00% Floor),
6.09%, 05/06/24 397 385,228
Web.com Group, Inc., 2018 Term Loan B, (3 mo. LIBOR + 3.75%), 6.17%, 10/10/25 256 253,120
2,967,416
IT Services — 1.8%
Access CIG LLC:
2018 1st Lien Term Loan, (3 mo. LIBOR + 3.75%), 6.46%, 02/27/25 170 169,283
2018 2nd Lien Delayed Draw Term Loan, (UNFND + 7.75%), 10.46%, 02/27/26 4 3,804
2018 2nd Lien Incremental Term Loan, (3 mo. LIBOR + 7.75%), 10.46%, 02/27/26 5 4,975
2018 2nd Lien Term Loan, (1 mo. LIBOR + 7.75%), 10.46%, 02/27/26 71 70,821
2018 Incremental Term Loan, (3 mo. LIBOR + 3.75%), 6.46%, 02/27/25 24 23,832
Altran Technologies SA, 1st Lien Term Loan, (3 mo. LIBOR + 2.25%), 4.59%, 03/20/25 214 212,855
Evertec Group LLC, 2018 Term
Loan B, 11/27/24 (n) 305 303,094
First Data Corp., 2024 Term Loan, (1 mo. LIBOR + 2.00%), 4.32%, 04/26/24 2,649 2,597,463
Flexential Intermediate Corp., 2017 1st Lien Term Loan, (3 mo. LIBOR + 3.50%),
5.89%, 08/01/24 689 665,446
Global Payments, Inc.:
2018 Term Loan B3, (1 mo. LIBOR + 1.75%), 4.09%, 04/21/23 300 297,468
2018 Term Loan B4, 10/17/25 (n) 100 99,083
Greeneden US Holdings II LLC, 2018 Term Loan B, (1 mo. LIBOR + 3.25%),
5.59%, 12/01/23 790 781,937
Security Value
IT Services (continued)
Optiv Security, Inc.,:
1st Lien Term Loan, (1 mo. LIBOR + 3.25%, 1.00% Floor), 5.59%, 02/01/24 USD 572 $ 545,044
2nd Lien Term Loan, (1 mo. LIBOR + 7.25%, 1.00% Floor), 9.59%, 02/01/25 184 176,746
Peak 10 Holding Corp., 2nd Lien Term Loan, (3 mo. LIBOR + 7.25%, 1.00% Floor),
9.79%, 08/01/25 513 491,711
TKC Holdings, Inc.,:
2017 1st Lien Term Loan, (1 mo. LIBOR + 3.75%, 1.00% Floor), 6.10%, 02/01/23 720 706,890
2017 2nd Lien Term Loan, (1 mo. LIBOR + 8.00%, 1.00% Floor), 10.35%, 02/01/24 510 505,537
Trans Union LLC:
2018 Term Loan B4, (1 mo. LIBOR + 2.00%), 4.34%, 06/19/25 168 165,965
Term Loan B3, (1 mo. LIBOR + 2.00%), 4.34%, 04/10/23 1,395 1,377,959
Vantiv LLC, 2018 1st Lien Term Loan B3, (1 mo. LIBOR + 1.75%), 4.06%, 10/14/23 419 415,436
WEX, Inc., 2017 Term Loan B2, (1 mo. LIBOR + 2.25%), 4.59%, 06/30/23 1,242 1,230,927
10,846,276
Life Sciences Tools & Services — 0.1%
Albany Molecular Research, Inc.,:
2017 1st Lien Term Loan, (1 mo. LIBOR + 3.25%, 1.00% Floor), 5.59%, 08/30/24 179 176,644
2017 2nd Lien Term Loan, (1 mo. LIBOR + 7.00%, 1.00% Floor), 9.34%, 08/30/25 130 130,162
306,806
Machinery — 0.7%
Clark Equipment Co., 2018 Term Loan B, (1 mo. LIBOR + 2.00%), 4.38%, 05/18/24 280 275,470
Columbus McKinnon Corp., 2018 Term Loan B, (3 mo. LIBOR + 2.50%, 1.00% Floor),
4.89%, 01/31/24 (a) 80 79,668
Gardner Denver, Inc., 2017 Term Loan B, (1 mo. LIBOR + 2.75%), 5.09%, 07/30/24 709 704,740
Hayward Industries, Inc., 1st Lien Term Loan, (1 mo. LIBOR + 3.50%), 5.84%, 08/05/24 506 499,284

27

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Machinery (continued)
Infiltrator Systems, Inc., 2017 1st Lien Term Loan B, (3 mo. LIBOR + 3.00%, 1.00% Floor),
5.39%, 05/27/22 (a) USD 751 $ 741,062
Tecomet, Inc., 2017 Repriced Term Loan, (1 mo. LIBOR + 3.50%, 1.00% Floor),
5.82%, 05/01/24 528 524,570
Titan Acquisition Ltd., 2018 Term Loan B, (1 mo. LIBOR + 3.00%), 5.34%, 03/28/25 1,148 1,075,605
Welbilt, Inc., 2018 Term Loan B, (1 mo. LIBOR + 2.50%), 4.84%, 10/23/25 343 340,121
4,240,520
Media — 3.3%
Altice Financing SA, 2017 1st Lien Term Loan, (1 mo. LIBOR + 2.75%), 5.05%, 01/31/26 83 79,496
Altice France SA, 2018 Term Loan B13, (1 mo. LIBOR + 4.00%), 6.31%, 08/14/26 1,570 1,493,463
Cable One, Inc., 2017 Term Loan B, (3 mo. LIBOR + 1.75%), 4.14%, 05/01/24 257 254,986
Charter Communications Operating LLC:
2017 Term Loan A2, (1 mo. LIBOR + 1.50%), 3.85%, 03/31/23 1,004 998,731
2017 Term Loan B, (1 mo. LIBOR + 2.00%), 4.35%, 04/30/25 1,912 1,890,314
CSC Holdings LLC:
2017 1st Lien Term Loan, (1 mo. LIBOR + 2.25%), 4.56%, 07/17/25 1,239 1,217,863
2018 Term Loan B, (1 mo. LIBOR + 2.50%), 4.81%, 01/25/26 458 450,427
Getty Images, Inc., Term Loan B, (1 mo. LIBOR + 3.50%), 5.84%, 10/18/19 101 99,990
Gray Television, Inc.:
2017 Term Loan B, (1 mo. LIBOR + 2.25%), 4.57%, 02/07/24 469 463,413
2018 Term Loan C, 10/30/25 (n) 554 548,693
iHeartCommunications, Inc. (b)(i) :
Extended Term Loan E, 0.00%, 07/30/19 215 152,381
Term Loan D, 0.00%, 01/30/19 1,341 952,502
Intelsat Jackson Holdings SA:
2017 Term Loan B3, 11/27/23 (n) 130 129,065
2017 Term Loan B4, (1 mo. LIBOR + 4.50%, 1.00% Floor), 6.82%, 01/02/24 627 637,693
Security Value
Media (continued)
Learfield Communications LLC (a) :
2016 1st Lien Term Loan, (1 mo. LIBOR + 3.25%, 1.00% Floor), 5.60%, 12/01/23 USD 588 $ 585,976
2017 1st Lien Term Loan, 12/01/23 (n) 202 200,947
Lions Gate Capital Holdings LLC, 2018 Term Loan B, (1 mo. LIBOR + 2.25%),
4.59%, 03/24/25 391 385,520
Meredith Corp., 2018 Term Loan B, (1 mo. LIBOR + 2.75%), 5.09%, 01/31/25 310 308,285
Mission Broadcasting, Inc., 2018 Term Loan B3,
01/17/24 (n) 67 65,790
Nexstar Broadcasting, Inc., 2018 Term Loan B3,
01/17/24 (n) 373 368,430
Numericable Group SA, Term Loan B12, (1 mo. LIBOR + 3.68%), 5.99%, 01/31/26 255 239,584
PSAV Holdings LLC, 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.25%, 1.00% Floor),
5.70%, 03/01/25 452 442,660
Radiate Holdco LLC, 1st Lien Term Loan, (1 mo. LIBOR + 3.00%), 5.34%, 02/01/24 443 434,487
Trader Corp., 2017 Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor),
5.34%, 09/28/23 1,071 1,066,009
Tribune Media Co., Term Loan C, (1 mo. LIBOR + 3.00%), 5.34%, 01/27/24 1,222 1,216,220
Unitymedia Finance LLC:
Term Loan B, (1 mo. LIBOR + 2.25%), 4.56%, 09/30/25 691 683,399
USD Term Loan D, (1 mo. LIBOR + 2.25%), 4.56%, 01/15/26 115 113,735
Unitymedia Hessen GmbH & Co. KG, 2018 Term Loan E, (1 mo. LIBOR + 2.00%),
4.31%, 06/01/23 312 309,061
Univision Communications, Inc., Term Loan C5, (1 mo. LIBOR + 2.75%, 1.00% Floor),
5.09%, 03/15/24 382 355,608
Virgin Media Bristol LLC, 2017 Term Loan, (1 mo. LIBOR + 2.50%), 4.81%, 01/15/26 1,795 1,770,875
William Morris Endeavor Entertainment LLC, 2018 1st Lien Term Loan, (3 mo. LIBOR + 2.75%),
5.28%, 05/18/25 798 781,921

28

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Media (continued)
Ziggo Secured Finance Partnership, Term Loan E, (1 mo. LIBOR + 2.50%),
4.81%, 04/15/25 USD 874 $ 852,829
19,550,353
Metals & Mining — 0.1%
AMG Advanced Metallurgical Group NV, 2018 Term Loan B, (2 mo. LIBOR + 3.00%),
5.50%, 02/01/25 209 206,824
Ball Metalpack LLC, 2018 1st Lien Term Loan B, (1 mo. LIBOR + 4.50%), 6.84%, 07/24/25 (a) 240 239,196
Preferred Proppants LLC, Term Loan B2, (3 mo. LIBOR + 7.75%), 10.14%, 07/27/20 (a) 104 41,455
487,475
Multiline Retail — 0.2%
Hudson’s Bay Co., 2015 Term Loan B, (1 mo. LIBOR + 3.25%, 1.00% Floor),
5.59%, 09/30/22 628 610,365
Neiman Marcus Group, Inc., 2020 Term Loan, (1 mo. LIBOR + 3.25%, 1.00% Floor),
5.57%, 10/25/20 375 324,520
934,885
Oil & Gas Equipment & Services — 0.1%
Kestrel Acquisition LLC, 2018 Term Loan B, (1 mo. LIBOR + 4.25%, 1.00% Floor),
6.60%, 06/02/25 132 131,307
McDermott Technology Americas, Inc., 2018 1st Lien Term Loan, (1 mo. LIBOR + 5.00%, 1.00%
Floor), 7.34%, 05/10/25 610 584,042
715,349
Oil, Gas & Consumable Fuels — 0.7%
BCP Raptor II LLC, 1st Lien Term Loan, (2 mo. LIBOR + 4.75%), 7.14%, 11/03/25 399 388,027
BCP Raptor LLC, Term Loan B, (2 mo. LIBOR + 4.25%, 1.00% Floor), 6.64%, 06/24/24 426 410,527
California Resources Corp.,:
2017 1st Lien Term Loan, (1 mo. LIBOR + 4.75%, 1.00% Floor), 7.07%, 12/31/22 651 654,795
Second Out Term Loan, (1 mo. LIBOR + 10.37%, 1.00% Floor), 12.72%, 12/31/21 745 792,877
Security Value
Oil, Gas & Consumable Fuels (continued)
CONSOL Energy, Inc.:
1st Lien Term Loan A, (1 mo. LIBOR + 4.25%), 6.60%, 11/26/21 (a) USD 92 $ 92,188
1st Lien Term Loan B, (1 mo. LIBOR + 6.00%, 1.00% Floor), 8.35%, 11/28/22 719 721,297
EG Group Ltd., 2018 USD Term Loan B, (3 mo. LIBOR + 4.00%), 6.39%, 02/07/25 254 250,553
Lucid Energy Group II LLC, 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.00%, 1.00% Floor),
5.31%, 02/17/25 393 373,865
MEG Energy Corp., 2017 Term Loan B, (1 mo. LIBOR + 3.50%, 1.00% Floor),
5.85%, 12/31/23 138 137,523
Spade Facilities II LLC, Term
Loan, 11/15/25 (n) 560 560,000
4,381,652
Personal Products — 0.2%
Clover Merger Sub, Inc.:
2017 1st Lien Term Loan, (1 mo. LIBOR + 3.50%), 5.84%, 09/26/24 630 589,242
2017 2nd Lien Term Loan, (1 mo. LIBOR + 7.75%), 10.09%, 09/26/25 444 392,571
Prestige Brands, Inc., Term Loan B4, (1 mo. LIBOR + 2.00%), 4.34%, 01/26/24 333 328,741
1,310,554
Pharmaceuticals — 1.2%
Akorn, Inc., Term Loan B, (1 mo. LIBOR + 5.50%, 1.00% Floor), 7.88%, 04/16/21 557 465,892
Amneal Pharmaceuticals LLC, 2018 Term Loan B, (1 mo. LIBOR + 3.50%), 5.88%, 05/04/25 1,152 1,147,238
Endo Luxembourg Finance Company I Sarl, 2017 Term Loan B, (1 mo. LIBOR + 4.25%),
6.63%, 04/29/24 672 668,118
Grifols Worldwide Operations USA, Inc., 2017 Acquisition Term Loan, (1 Week LIBOR + 2.25%),
4.47%, 01/31/25 1,168 1,157,456
Jaguar Holding Co. II, 2018 Term Loan, (1 mo. LIBOR + 2.50%, 1.00% Floor),
4.84%, 08/18/22 1,515 1,489,471

29

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Pharmaceuticals (continued)
Valeant Pharmaceuticals International, Inc., 2018 Term Loan B, (1 mo. LIBOR + 3.00%), 5.31%,
06/02/25 USD 1,994 $ 1,971,891
6,900,066
Professional Services — 0.4%
Cast and Crew Payroll LLC, 2017 1st Lien Term Loan B, (1 mo. LIBOR + 2.75%), 5.10%,
09/27/24 740 726,711
Guidehouse LLP, 2018 Term Loan, (1 mo. LIBOR + 3.25%), 5.59%, 05/01/25 (a) 309 305,360
Information Resources, Inc., 2018 1st Lien Term Loan,
12/01/25 (a)(n) 332 327,850
ON Assignment, Inc., 2018 Term Loan B, (1 mo. LIBOR + 2.00%), 4.34%, 04/02/25 352 348,279
SIRVA Worldwide, Inc., 2018 1st Lien Term Loan, (1 mo. LIBOR + 5.50%), 7.93%, 08/04/25 (a) 372 369,210
2,077,410
Real Estate Management & Development — 0.6%
CityCenter Holdings LLC, 2017 Term Loan B, (1 mo. LIBOR + 2.25%), 4.59%, 04/18/24 1,370 1,344,374
DTZ US Borrower LLC, 2018 Add On Term Loan B, (1 mo. LIBOR + 3.25%), 5.59%, 08/21/25 1,062 1,045,072
Forest City Enterprises LP, Term Loan
B, 10/24/25 (n) 558 558,698
Realogy Corp., 2018 Term Loan B, (1 mo. LIBOR + 2.25%), 4.56%, 02/08/25 (a) 270 261,891
SMG Holdings, Inc., 2017 1st Lien Term Loan, (1 mo. LIBOR + 3.00%), 5.34%, 01/23/25 388 383,653
3,593,688
Road & Rail — 0.1%
Road Infrastructure Investment LLC, 2016 1st Lien Term Loan, (1 mo. LIBOR + 3.50%, 1.00% Floor),
5.84%, 06/13/23 525 514,200
Semiconductors & Semiconductor Equipment — 0.3%
Cabot Microelectronics Corporation, Term Loan B, 11/14/25 (a)(n) 530 526,688
MaxLinear, Inc., Term Loan B, (1 mo. LIBOR + 2.50%), 4.81%, 05/12/24 (a) 105 103,359
Security Value
Semiconductors & Semiconductor Equipment (continued)
Microchip Technology, Inc., 2018 Term Loan B, (1 mo. LIBOR + 2.00%), 4.35%, 05/29/25 USD 1,203 $ 1,189,345
ON Semiconductor Corp., 2018 1st Lien Term Loan B, (1 mo. LIBOR + 1.75%), 4.09%, 03/31/23 157 155,182
1,974,574
Software — 5.0%
Almonde, Inc., 1st Lien Term Loan, (3 mo. LIBOR + 3.50%, 1.00% Floor), 5.89%, 06/13/24 509 491,474
Applied Systems, Inc.,:
2017 1st Lien Term Loan, (3 mo. LIBOR + 3.00%, 1.00% Floor), 5.39%, 09/19/24 787 776,874
2017 2nd Lien Term Loan, (3 mo. LIBOR + 7.00%, 1.00% Floor), 9.39%, 09/19/25 160 160,083
Aptean, Inc., 2017 1st Lien Term Loan, (3 mo. LIBOR + 4.25%, 1.00% Floor), 6.64%, 12/20/22 176 175,689
BMC Software Finance, Inc., 2017 Term Loan B, (3 mo. LIBOR + 4.25%), 6.65%, 10/02/25 1,586 1,564,192
Cypress Intermediate Holdings III, Inc.,:
2017 1st Lien Term Loan, (1 mo. LIBOR + 3.00%, 1.00% Floor), 5.35%, 04/26/24 570 562,507
2017 2nd Lien Term Loan, (1 mo. LIBOR + 6.75%, 1.00% Floor), 9.09%, 04/27/25 248 247,586
Dell, Inc., 2017 1st Lien Term Loan, (1 mo. LIBOR + 2.00%), 4.35%, 09/07/23 871 859,815
Digicel International Finance Ltd., 2017 Term Loan B, (3 mo. LIBOR + 3.25%),
5.96%, 05/28/24 535 501,145
DTI Holdco, Inc., 2018 Term Loan B, (2 mo. LIBOR + 4.75%, 1.00% Floor), 7.28%, 09/30/23 501 471,313
Financial & Risk US Holdings, Inc., 2018 USD Term Loan, (1 mo. LIBOR + 3.75%), 6.09%,
10/01/25 3,051 2,968,745
Flexera Software LLC, 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.25%, 1.00% Floor),
5.60%, 02/26/25 194 192,570
Hyland Software, Inc., 2018 Term Loan 3, (1 mo. LIBOR + 3.25%), 5.84%, 07/01/24 275 272,231

30

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Software (continued)
Infor (US), Inc., Term Loan B6, (3 mo. LIBOR + 2.75%, 1.00% Floor), 5.14%, 02/01/22 USD 1,341 $ 1,320,881
Informatica Corp., 2018 Term Loan, (1 mo. LIBOR + 3.25%), 5.59%, 08/05/22 1,055 1,048,735
IQOR US, Inc., Term Loan B, (3 mo. LIBOR + 5.00%, 1.00% Floor), 7.40%, 04/01/21 371 346,900
Kronos, Inc.:
2017 Term Loan B, (3 mo. LIBOR + 3.00%, 1.00% Floor), 5.54%, 11/01/23 1,592 1,566,635
2nd Lien Term Loan, (3 mo. LIBOR + 8.25%, 1.00% Floor), 10.79%, 11/01/24 615 617,116
MA FinanceCo. LLC, Term Loan B3, (1 mo. LIBOR + 2.50%), 4.84%, 06/21/24 51 49,622
McAfee LLC, 2018 USD Term Loan B, (2 mo. LIBOR + 3.75%), 6.10%, 09/30/24 1,441 1,435,923
Mitchell International, Inc.:
2017 1st Lien Term Loan, (1 mo. LIBOR + 3.25%), 5.59%, 11/29/24 1,862 1,831,762
2017 2nd Lien Term Loan, (1 mo. LIBOR + 7.25%), 9.59%, 12/01/25 550 547,250
PowerSchool, 2018 Term Loan B, (1 mo. LIBOR + 3.25%), 5.56%, 08/01/25 331 325,207
Renaissance Learning, Inc., 2018 Add On Term Loan, (1 mo. LIBOR + 3.25%), 5.59%, 05/30/25 239 235,661
SolarWinds Holdings, Inc., 2018 Term Loan B, (1 mo. LIBOR + 3.00%), 5.09%, 02/05/24 1,295 1,284,989
Solera LLC, Term Loan B, (1 mo. LIBOR + 2.75%), 5.09%, 03/03/23 2,270 2,236,707
Sophia LP, 2017 Term Loan B, (3 mo. LIBOR + 3.25%, 1.00% Floor), 5.64%, 09/30/22 1,589 1,562,726
SS&C Technologies Holdings Europe Sarl, 2018 Term Loan B4, (1 mo. LIBOR + 2.25%), 4.59%,
04/16/25 592 577,578
SS&C Technologies, Inc.:
2017 Term Loan B1, (1 mo. LIBOR + 2.25%), 4.59%, 07/08/22 908 901,158
2018 Term Loan B3, (1 mo. LIBOR + 2.25%), 4.59%, 04/16/25 1,556 1,517,543
2018 Term Loan B5, (1 mo. LIBOR + 2.25%), 4.59%, 04/16/25 886 861,910
Security Value
Software (continued)
Tempo Acquisition LLC, Term Loan, (1 mo. LIBOR + 3.00%), 5.34%, 05/01/24 USD 1,175 $ 1,164,390
Tibco Software, Inc., Repriced Term Loan B, (1 mo. LIBOR + 3.50%, 1.00% Floor),
5.85%, 12/04/20 1,023 1,022,403
29,699,320
Specialty Retail — 0.8%
Academy Ltd., 2015 Term Loan B, (1 mo. LIBOR + 4.00%, 1.00% Floor), 6.30%, 07/01/22 634 461,328
Belron Finance US LLC:
2018 Term Loan B, 11/13/25 (n) 186 183,908
Term Loan B, (3 mo. LIBOR + 2.25%), 4.84%, 11/07/24 756 747,777
CD&R Firefly Bidco Ltd., 2018 Term Loan B1, (3 mo. LIBOR - GBP + 4.50%), 5.32%,
06/23/25 GBP 1,000 1,259,125
Leslie’s Poolmart, Inc., 2018 Term Loan, (1 mo. LIBOR + 3.50%, 1.00% Floor),
5.84%, 08/16/23 USD 534 526,542
Petco Animal Supplies, Inc., 2017 Term Loan B, (3 mo. LIBOR + 3.25%, 1.00% Floor),
5.78%, 01/26/23 277 206,808
Research Now Group, Inc., 2017 1st Lien Term Loan, (1 mo. LIBOR + 5.50%, 1.00% Floor), 7.84%,
12/20/24 392 390,567
Staples, Inc., 2017 Term Loan B, (3 mo. LIBOR + 4.00%, 1.00% Floor), 6.54%, 09/12/24 277 272,134
TruGreen LP, 2017 Term Loan, (1 mo. LIBOR + 4.00%, 1.00% Floor), 6.32%, 04/13/23 378 378,256
4,426,445
Technology Hardware, Storage & Peripherals — 0.3%
Seattle Spinco, Inc., Term Loan B3, (1 mo. LIBOR + 2.50%), 4.84%, 06/21/24 343 335,113
Western Digital Corp., 2018 Term Loan B4, (3 mo. LIBOR + 1.75%), 4.06%, 04/29/23 1,336 1,296,029
1,631,142
Textiles, Apparel & Luxury Goods — 0.1%
Ascend Performance Materials Operations LLC, Term Loan B, (3 mo. LIBOR + 5.25%, 1.00% Floor), 7.64%,
08/12/22 703 702,612

31

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Textiles, Apparel & Luxury Goods (continued)
Varsity Brands, Inc., 2017 Term Loan B, (1 mo. LIBOR + 3.50%, 1.00% Floor),
5.84%, 12/15/24 USD 163 $ 162,705
865,317
Thrifts & Mortgage Finance — 0.2%
IG Investment Holdings LLC, 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.50%, 1.00% Floor), 5.86%,
05/23/25 1,166 1,158,876
Trading Companies & Distributors — 0.3%
Beacon Roofing Supply, Inc., 2017 Term Loan B, (1 mo. LIBOR + 2.25%), 4.57%, 01/02/25 387 375,574
HD Supply, Inc., Term Loan B5, (1 mo. LIBOR + 1.75%), 4.09%, 10/17/23 1,069 1,055,439
Nexeo Solutions LLC, 2017 Repriced Term Loan, (3 mo. LIBOR + 3.25%), 5.79%, 06/09/23 308 307,831
Oxbow Carbon LLC, 2017 1st Lien Term Loan B, (1 mo. LIBOR + 3.50%), 5.84%, 01/04/23 144 144,105
United Rentals, Inc., Term Loan B, 10/31/25 (n) 105 105,203
1,988,152
Transportation — 0.1%
Gruden Acquisition, Inc., 2017 Term Loan, (3 mo. LIBOR + 5.50%, 1.00% Floor),
7.89%, 08/18/22 213 212,974
Safe Fleet Holdings LLC,:
2018 1st Lien Term Loan, (1 mo. LIBOR + 3.00%, 1.00% Floor), 5.32%, 02/01/25 (a) 473 455,492
2018 2nd Lien Term Loan, (1 mo. LIBOR + 6.75%, 1.00% Floor), 9.07%, 02/01/26 215 210,163
878,629
Utilities — 0.0%
ExGen Renewables IV LLC, Term Loan B, (3 mo. LIBOR + 3.00%, 1.00% Floor), 5.71%, 11/28/24 (a) 221 209,624
Wireless Telecommunication Services — 0.5%
Geo Group, Inc., 2018 Term Loan B, (1 mo. LIBOR + 2.00%), 4.35%, 03/22/24 642 633,335
Ligado Networks LLC:
2015 2nd Lien Term Loan, 0.00%, 12/07/20 38 7,249
PIK Exit Term Loan (9.75% PIK),
0.00%, 12/07/20 (h) 1,768 1,247,152
Security Value
Wireless Telecommunication Services (continued)
SBA Senior Finance II LLC, 2018 Term Loan B, (1 mo. LIBOR + 2.00%), 4.35%, 04/11/25 USD 668 $ 660,311
Xplornet Communications, Inc., Term Loan B, (3 mo. LIBOR + 4.00%, 1.00% Floor), 6.39%, 09/09/21 (a) 427 425,708
2,973,755
Total Floating Rate Loan Interests — 40.7% (Cost — $245,334,641) 240,440,790
Foreign Agency Obligations — 3.3%
Argentine Republic Government International Bond:
7.50%, 04/22/26 3,008 2,553,822
7.63%, 04/22/46 2,422 1,844,377
Colombia Government International Bond:
4.50%, 01/28/26 536 533,320
3.88%, 04/25/27 419 396,588
4.50%, 03/15/29 238 232,766
Cyprus Government International Bond,
4.63%, 02/03/20 (c) EUR 2,600 3,091,723
Egypt Government International Bond:
5.75%, 04/29/20 USD 882 887,539
8.50%, 01/31/47 (c) 227 206,813
Iceland Government International Bond, 5.88%, 05/11/22 3,030 3,294,429
Indonesia Government International Bond, 4.75%, 01/08/26 395 394,901
Mexico Government International Bond, 4.15%, 03/28/27 210 200,565
Portugal Government International Bond, 5.13%, 10/15/24 (c) 3,190 3,302,607
Qatar Government International Bond, 4.63%, 06/02/46 200 197,024
Republic of South Africa Government International Bond:
5.88%, 05/30/22 783 802,575
4.88%, 04/14/26 227 211,678
Russian Federal Bond - OFZ, 7.05%, 01/19/28 RUB 34,303 464,278
Russian Foreign Bond - Eurobond:
4.75%, 05/27/26 USD 200 194,686
4.25%, 06/23/27 200 186,861
Turkey Government International Bond:
6.25%, 09/26/22 200 193,911

32

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Foreign Agency Obligations (continued)
Turkey Government International Bond (continued):
4.88%, 04/16/43 USD 200 $ 140,156
Total Foreign Agency Obligations — 3.3% (Cost — $20,628,070) 19,330,619
Shares
Investment Companies — 1.4%
Diversified Financial Services — 1.4%
Invesco Senior Loan ETF 375,000 8,497,500
Total Investment Companies — 1.4% (Cost — $8,683,975) 8,497,500
Par (000)
Non-Agency Mortgage-Backed Securities — 5.5%
Collateralized Mortgage Obligations — 0.8%
Countrywide Alternative Loan Trust, Series 2005-54CB, Class 3A4, 5.50%, 11/25/35 USD 2,073 1,782,130
Countrywide Home Loan Mortgage Pass-Through Trust:
Series 2005-17, Class 1A6, 5.50%, 09/25/35 410 402,903
Series 2006-17, Class A2, 6.00%, 12/25/36 1,125 891,117
Series 2007-HY5, Class 3A1, 3.82%, 09/25/37 (e) 768 720,686
GSR Mortgage Loan Trust, Series 2005-AR5, Class 2A3, 4.18%, 10/25/35 (e) 644 536,892
4,333,728
Commercial Mortgage-Backed Securities — 4.7%
Banc of America Merrill Lynch Commercial Mortgage Securities Trust, Series 2015-200P, Class C,
3.72%, 04/14/33 (c)(e) 4,830 4,690,953
Commercial Mortgage Pass-Through Certificates, Series 2014-PAT (c)(d) :
Class E, (1 mo. LIBOR + 3.15%), 5.47%, 08/13/27 1,000 1,009,505
Class F, (1 mo. LIBOR + 2.44%), 4.76%, 08/13/27 2,000 2,007,557
Commercial Mortgage Trust, Class B:
Series 2013-LC6, 3.74%, 01/10/46 1,110 1,102,189
Series 2015-CR22, 3.93%, 03/10/48 (e) 5,000 4,902,238
Core Industrial Trust, Series 2015-TEXW, Class D, 3.98%, 02/10/34 (c)(e) 3,615 3,590,607
Security Value
Commercial Mortgage-Backed Securities (continued)
CSAIL Commercial Mortgage Trust, Series 2015-C1, Class B, 4.04%, 04/15/50 (e) USD 890 $ 887,054
GAHR Commercial Mortgage Trust, Series 2015-NRF, Class DFX, 3.49%, 12/15/34 (c)(e) 4,830 4,797,811
Greenwich Capital Commercial Funding Corp. Commercial Mortgage Trust, Series 2006-GG7, Class AM, 5.86%, 07/10/38 (e) 443 442,798
GS Mortgage Securities Corp. II, Series 2013-GC10, Class B, 3.68%, 02/10/46 (c) 1,995 1,964,125
WF-RBS Commercial Mortgage Trust, Series 2012-C8:
Class B, 4.31%, 08/15/45 1,085 1,090,915
Class C, 5.06%, 08/15/45 (e) 1,395 1,396,815
27,882,567
Total Non-Agency Mortgage-Backed Securities — 5.5% (Cost —
$32,552,963) 32,216,295
Beneficial Interest (000)
Other Interests (o) — 0.0%
Auto Components — 0.0%
Lear Corp. Escrow (a ) 1,000 10
IT Services — 0.0%
Millennium Corp. (a)(b) 918 —
Millennium Lender Claims (a)(b) 861 —
—
Total Other Interests — 0.0% (Cost — $—) 10
Par (000)
Preferred Securities — 9.6%
Capital Trusts — 7.5%
Banks — 2.2%
ABN AMRO Bank NV, 5.75% (f)(j) EUR 200 234,062
Banco Santander SA, 6.25% (f)(j) 100 108,116
Bankia SA, 6.38% (e)(j) 200 216,073
Capital One Financial
Corp., Series E, 5.55% (f)(j) USD 3,000 3,007,500
CIT Group, Inc., Series A, 5.80% (f)(j) 235 226,051
Citigroup, Inc., 5.90% (f)(g)(j) 5,000 4,937,500
Citigroup, Inc., 5.95% (f)(j) 1,370 1,345,614

33

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Banks (continued)
Cooperatieve Rabobank UA, 6.63% (f)(j) EUR 200 $ 246,956
Hongkong & Shanghai Banking Corp. Ltd., Series 3H, 2.75% (d)(j) USD 100 71,314
Intesa Sanpaolo SpA, 7.00% (f)(j) EUR 200 224,156
Wells Fargo & Co., Series S,
5.90% (f)(g)(j) USD 1,585 1,581,513
Wells Fargo & Co., Series U,
5.88% (f)(j) 585 595,834
12,794,689
Capital Markets — 1.0%
Goldman Sachs Group, Inc. (j) :
Series M, 5.38% (f) 1,730 1,730,000
Series P, 5.00% (e) 228 200,640
Morgan Stanley, Series H, 5.45% (f)(g)(j) 2,546 2,547,273
State Street Corp., Series F, 5.25% (f)(g)(j) 1,625 1,641,575
6,119,488
Chemicals — 0.0%
Solvay Finance SA, 5.12% (f)(j) EUR 100 120,010
Diversified Financial Services — 3.4%
ATF Netherlands BV, 3.75% (f)(j) 100 105,203
Bank of America Corp., Series AA,
6.10% (f)(g)(j) USD 948 962,855
Bank of America Corp. (f)(j) :
Series U, 5.20% 1,250 1,217,500
Series V, 5.13% 510 507,501
Series X, 6.25% 1,929 1,972,403
BNP Paribas SA, 6.13% (f)(j) EUR 200 238,975
Credit Agricole SA, 6.50% (f)(j) 100 117,639
Credit Suisse Group AG, 6.25% (f)(j) USD 200 190,158
HBOS Capital Funding LP, 6.85% (j) 100 99,750
HSBC Holdings PLC, 6.00% (f)(j) 415 377,650
HSBC Holdings PLC, 6.25% (e)(g)(j) 1,158 1,092,457
JPMorgan Chase & Co. (f)(j) :
Series R, 6.00% 120 120,600
Series U, 6.13% (g) 6,690 6,798,712
Series V, 5.00% (g) 4,060 4,046,196
Royal Bank of Scotland Group PLC, 8.63% (f)(j) 200 206,000
Security Value
Diversified Financial Services (continued)
Societe Generale SA, 6.00% (c)(f)(g)(j) USD 2,000 $ 1,912,804
UBS Group Funding Switzerland AG,
5.00% (e)(j) 200 165,750
UniCredit SpA, 6.75% (f)(j) EUR 200 206,042
20,338,195
Diversified Telecommunication Services — 0.1%
Telefonica Europe BV, 3.75% (f)(j) 100 113,357
Telefonica Europe BV, 4.20% (f)(j) 200 231,195
Telefonica Europe BV, 5.00% (f)(j) 100 117,727
Telefonica Europe BV, 5.88% (f)(j) 100 121,137
583,416
Electric Utilities — 0.1%
Enel SpA, 7.75%, 09/10/75 (f) GBP 100 134,481
Origin Energy Finance Ltd., 4.00%,
09/16/74 (f) EUR 100 114,563
RWE AG, 2.75%, 04/21/75 (f) 120 135,512
384,556
Electronic Equipment, Instruments & Components — 0.0%
Belden, Inc., 4.13%, 10/15/26 100 113,975
Insurance — 0.6%
Voya Financial, Inc., 5.65%, 05/15/53 (f)(g) USD 3,500 3,368,750
Oil, Gas & Consumable Fuels — 0.1%
Naturgy Finance BV, 3.38% (e)(j) EUR 100 110,106
Repsol International Finance BV, 3.88% (f)(j) 100 114,908
Repsol International Finance BV, 4.50%,
03/25/75 (f) 100 114,721
339,735
Total Capital Trusts — 7.5% (Cost — $44,609,486) 44,162,814
Shares
Preferred Stocks — 1.7%
Capital Markets — 1.6%
Goldman Sachs Group, Inc., Series J,
5.50% (f)(j) 202,526 4,884,927
Morgan Stanley. (f)(j) :
Series F, 6.88% 120,000 3,139,200
Series K, 5.85% 53,253 1,313,752

34

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Limited Duration Income Trust (BLW) (Percentages shown are based on Net Assets)

Security Value
Capital Markets (continued)
SCE Trust III, Series H, 5.75% (f)(j) 21,200 $ 466,612
9,804,491
Machinery — 0.1%
Stanley Black & Decker, Inc.,
5.38% (j)(m) 3,520 344,960
Wireless Telecommunication Services — 0.0%
CF-B L2 (D) LLC, (Aquired 04/08/15, cost $11,497), 0.00% (p) 134,077 40,545
Total Preferred Stocks — 1.7% (Cost — $10,608,130) 10,189,996
Trust Preferred — 0.4%
Diversified Financial Services — 0.4%
GMAC Capital Trust I, Series 2, 8.40%,
2/15/40 (f) 105,753 2,696,701
Total Trust Preferreds — 0.4% (Cost — $2,686,547) 2,696,701
Total Preferred Securities—9.6% (Cost — $57,904,163) 57,049,511
Par (000)
U.S. Government Sponsored Agency Securities — 5.3%
Collateralized Mortgage Obligations — 1.1%
Fannie Mae Connecticut Avenue Securities, Series 2017-C03, Class 1M2, (1 mo. LIBOR US + 3.00%), 5.32%, 10/25/29 (d) USD 1,600 1,685,656
Freddie Mac Mortgage-Backed Securities, Series 4480, Class ZX, 4.00%, 11/15/44 (g) 4,585 4,514,017
6,199,673
Interest Only Collateralized Mortgage Obligations — 0.3%
Freddie Mac Mortgage-Backed Securities, Series K042, Class X1, 1.18%, 12/25/24 (e) 34,307 1,820,509
Mortgage-Backed Securities — 3.9%
Fannie Mae Mortgage-Backed Securities:
2.50%, 10/01/28 - 06/01/32 7,050 6,808,131
3.00%, 05/01/30 (g) 16,109 15,950,853
5.00%, 07/01/20 - 08/01/23 (g) 328 339,037
23,098,021
Total U.S. Government Sponsored Agency Securities — 5.3% (Cost —
$32,086,187) 31,118,203
Security Value
U.S. Treasury Obligations — 2.8%
U.S. Treasury Notes (g) :
2.75%, 09/30/20 USD 2,240 $ 2,237,025
2.75%, 04/30/23 8,000 7,965,937
2.75%, 08/31/25 6,150 6,083,936
Total U.S. Treasury Obligations — 2.8% (Cost — $16,213,866) 16,286,898
Shares
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) 3,100 —
Total Warrants — 0.0% (Cost — $31) —
Total Long-Term Investments — 135.8% (Cost — $828,416,301) 801,449,300
Short-Term Securities — 1.0%
Foreign Agency Obligations — 0.1%
Egypt Treasury Bills, 0.00%, 04/02/19 (k) EGP 11,550 606,404
Total Foreign Agency Obligations — 0.1% (Cost — $606,077) 606,404
Short-Term Investment Fund — 0.9%
BlackRock Liquidity Funds, T-Fund, Institutional Class,
2.12% (q)(r) 5,145,861 5,145,861
Total Short-Term Investment Fund — 0.9% (Cost — $5,145,861) 5,145,861
Total Short-Term Securities — 1.0% (Cost — $5,751,938) 5,752,265
Options Purchased — 0.0% (Cost — $44,978) —
Total Investments — 136.8% (Cost — $834,213,217) 807,201,565
Liabilities in Excess of Other Assets — (36.8)% (217,106,730 )
Net Assets — 100.0% $ 590,094,835

35

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Limited Duration Income Trust (BLW)

(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) 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.

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

(e) 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.

(f) 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.

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

(h) 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.

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

(j) Perpetual security with no stated maturity date.

(k) Zero-coupon bond.

(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.

(m) Convertible security.

(n) 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.

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

(p) Restricted security as to resale, excluding 144A securities. As of period end, the Fund held restricted securities with a current value of $40,545 and an original cost of $11,497, which was less than 0.05% of its net assets.

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

(r) During the period ended November 30, 2018, investments in issuers considered to be an affiliate of the Fund for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

Affiliate Value at 11/30/18 Income Net Realized Gain (Loss) (a) Change in Unrealized Appreciation (Depreciation)
BlackRock Liquidity Funds, T-Fund, Institutional Class 180,494 4,965,367 5,145,861 $ 5,145,861 $ 44,169 $ — $ —

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

Currency Abbreviations
BRL — Brazilian Real
EUR — Euro
GBP — British Pound
MXN — Mexican Peso
NZD — New Zealand Dollar
RUB — New Russian Ruble
USD — United States Dollar
Portfolio Abbreviations
ABS — Asset-Backed Security
CLO — Collateralized Loan Obligation
CR — Custodian Receipt
CRC — Costa Rican Colon
ETF — Exchange-Traded Fund
EURIBOR — Euro Interbank Offered Rate
LIBOR — London Interbank Offered Rate
MSCI — Morgan Stanley Capital International

36

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Limited Duration Income Trust (BLW)

Portfolio Abbreviations (continued)
MTN — Medium-Term Note
OTC — Over-the-Counter
PIK — Payment-In-Kind

Reverse Repurchase Agreements

Counterparty Face Value Face Value Including Accrued Interest Type of Non-Cash Underlying Collateral Remaining Contractual Maturity of the Agreements (a)
BNP Paribas S.A. 2.91 % 07/16/18 Open $ 948,103 $ 957,904 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 2.95 07/16/18 Open 341,000 344,577 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 2.95 07/16/18 Open 1,628,000 1,645,078 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 2.95 07/16/18 Open 342,000 345,588 Corporate Bonds Open/Demand
HSBC Securities (USA), Inc. 2.45 07/16/18 Open 2,498,000 2,519,452 Corporate Bonds Open/Demand
Barclays Capital, Inc. 2.55 07/17/18 Open 2,154,825 2,174,012 Corporate Bonds Open/Demand
Barclays Capital, Inc. 2.80 07/17/18 Open 470,794 475,430 Corporate Bonds Open/Demand
Barclays Capital, Inc. 2.80 07/17/18 Open 561,356 566,885 Corporate Bonds Open/Demand
Barclays Capital, Inc. 2.80 07/17/18 Open 639,900 646,202 Corporate Bonds Open/Demand
Barclays Capital, Inc. 2.80 07/17/18 Open 764,826 772,359 Corporate Bonds Open/Demand
Barclays Capital, Inc. 2.80 07/17/18 Open 583,116 588,859 Corporate Bonds Open/Demand
Barclays Capital, Inc. 2.80 07/17/18 Open 451,385 455,831 Corporate Bonds Open/Demand
Barclays Capital, Inc. 2.80 07/17/18 Open 722,628 729,744 Corporate Bonds Open/Demand
Barclays Capital, Inc. 2.80 07/17/18 Open 560,745 566,268 Corporate Bonds Open/Demand
Barclays Capital, Inc. 2.80 07/17/18 Open 519,100 524,212 Corporate Bonds Open/Demand
Barclays Capital, Inc. 2.80 07/17/18 Open 521,336 526,471 Corporate Bonds Open/Demand
Barclays Capital, Inc. 2.80 07/17/18 Open 596,640 602,516 Corporate Bonds Open/Demand
BNP Paribas S.A. 2.41 07/17/18 Open 96,590 97,399 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 2.95 07/17/18 Open 892,000 901,290 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 2.95 07/17/18 Open 250,000 252,604 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 2.95 07/17/18 Open 911,000 920,488 Capital Trusts Open/Demand
Deutsche Bank Securities, Inc. 2.95 07/17/18 Open 646,000 652,728 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 2.95 07/17/18 Open 327,000 330,406 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 2.95 07/17/18 Open 907,000 916,447 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 2.95 07/17/18 Open 218,000 220,271 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 2.95 07/17/18 Open 155,000 156,614 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 2.95 07/17/18 Open 537,000 542,593 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 2.95 07/17/18 Open 461,000 465,801 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 2.95 07/17/18 Open 1,000,000 1,010,415 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 2.95 07/17/18 Open 974,000 984,144 Corporate Bonds Open/Demand

37

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Limited Duration Income Trust (BLW)

Reverse Repurchase Agreements (continued)

Counterparty Face Value Face Value Including Accrued Interest Type of Non-Cash Underlying Collateral Remaining Contractual Maturity of the Agreements (a)
Deutsche Bank Securities, Inc. 2.95 % 07/17/18 Open $ 851,000 $ 859,863 Capital Trusts Open/Demand
Deutsche Bank Securities, Inc. 2.95 07/17/18 Open 264,000 266,750 Corporate Bonds Open/Demand
BNP Paribas S.A. 2.70 07/23/18 Open 653,438 659,359 Corporate Bonds Open/Demand
BNP Paribas S.A. 2.91 07/23/18 Open 528,240 533,428 Corporate Bonds Open/Demand
BNP Paribas S.A. 2.91 07/23/18 Open 838,189 846,420 Corporate Bonds Open/Demand
BNP Paribas S.A. 2.91 07/23/18 Open 216,787 218,917 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 2.95 07/23/18 Open 562,000 567,600 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 2.95 07/23/18 Open 555,000 560,531 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 2.95 07/23/18 Open 123,000 124,226 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 2.95 07/23/18 Open 818,000 826,152 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 2.95 07/23/18 Open 417,000 421,156 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 2.95 07/23/18 Open 1,634,000 1,650,283 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 2.95 07/23/18 Open 883,000 891,799 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 2.95 07/23/18 Open 213,000 215,123 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 2.95 07/23/18 Open 1,460,000 1,474,549 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 2.95 07/23/18 Open 335,000 338,338 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 2.95 07/23/18 Open 216,000 218,153 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 2.95 07/23/18 Open 572,000 577,700 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 2.95 07/23/18 Open 206,000 208,053 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 2.95 07/23/18 Open 177,000 178,764 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 2.95 07/24/18 Open 309,015 312,071 Corporate Bonds Open/Demand
Barclays Capital, Inc. 2.80 07/25/18 Open 368,873 372,296 Corporate Bonds Open/Demand
Barclays Capital, Inc. 2.80 07/25/18 Open 346,860 350,080 Corporate Bonds Open/Demand
Barclays Capital, Inc. 2.80 07/25/18 Open 422,661 426,584 Corporate Bonds Open/Demand
Barclays Capital, Inc. 2.80 07/25/18 Open 221,587 223,644 Corporate Bonds Open/Demand
Barclays Capital, Inc. 2.80 07/25/18 Open 399,146 402,851 Corporate Bonds Open/Demand
BNP Paribas S.A. 2.91 07/25/18 Open 419,784 423,844 Corporate Bonds Open/Demand
BNP Paribas S.A. 2.91 08/02/18 Open 962,000 970,737 Corporate Bonds Open/Demand
BNP Paribas S.A. 2.91 08/09/18 Open 361,401 364,340 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 2.95 08/09/18 Open 589,000 594,119 Corporate Bonds Open/Demand
BNP Paribas S.A. 2.70 08/14/18 Open 393,460 396,470 Corporate Bonds Open/Demand
Barclays Capital, Inc. 1.30 08/20/18 Open 208,080 208,744 Corporate Bonds Open/Demand
Barclays Capital, Inc. 2.80 08/20/18 Open 4,343,750 4,376,069 Capital Trusts Open/Demand

38

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Limited Duration Income Trust (BLW)

Reverse Repurchase Agreements (continued)

Counterparty Face Value Face Value Including Accrued Interest Type of Non-Cash Underlying Collateral Remaining Contractual Maturity of the Agreements (a)
BNP Paribas S.A. 2.56 % 08/20/18 Open $ 551,131 $ 554,857 Corporate Bonds Open/Demand
BNP Paribas S.A. 2.70 08/20/18 Open 1,470,000 1,480,521 Capital Trusts Open/Demand
BNP Paribas S.A. 2.70 08/20/18 Open 2,895,000 2,915,719 Capital Trusts Open/Demand
BNP Paribas S.A. 2.77 08/20/18 Open 516,295 520,093 Corporate Bonds Open/Demand
BNP Paribas S.A. 2.77 08/20/18 Open 503,663 507,367 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 2.95 08/20/18 Open 814,000 820,402 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 2.95 08/20/18 Open 162,000 163,274 Corporate Bonds Open/Demand
HSBC Securities (USA), Inc. 2.45 08/20/18 Open 873,000 878,630 Corporate Bonds Open/Demand
HSBC Securities (USA), Inc. 2.45 08/20/18 Open 270,000 271,741 Corporate Bonds Open/Demand
HSBC Securities (USA), Inc. 2.45 08/20/18 Open 1,374,000 1,382,860 Corporate Bonds Open/Demand
HSBC Securities (USA), Inc. 2.45 08/20/18 Open 3,259,000 3,280,016 Corporate Bonds Open/Demand
HSBC Securities (USA), Inc. 2.45 08/20/18 Open 1,423,000 1,432,176 Corporate Bonds Open/Demand
HSBC Securities (USA), Inc. 2.45 08/20/18 Open 783,000 788,049 Corporate Bonds Open/Demand
HSBC Securities (USA), Inc. 2.70 08/20/18 Open 413,000 415,956 Corporate Bonds Open/Demand
HSBC Securities (USA), Inc. 2.70 08/20/18 Open 3,133,000 3,155,423 Capital Trusts Open/Demand
HSBC Securities (USA), Inc. 2.70 08/20/18 Open 306,000 308,190 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.59 08/20/18 Open 374,263 376,910 Corporate Bonds Open/Demand
BNP Paribas S.A. 2.75 08/21/18 Open 942,638 949,387 Corporate Bonds Open/Demand
BNP Paribas S.A. 2.75 08/21/18 Open 171,080 172,305 Corporate Bonds Open/Demand
BNP Paribas S.A. 2.75 08/21/18 Open 212,030 213,548 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.85 08/21/18 Open 162,225 163,480 Corporate Bonds Open/Demand
Barclays Capital, Inc. 2.80 08/30/18 Open 917,665 923,843 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.85 08/30/18 Open 400,530 403,369 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.85 08/30/18 Open 407,480 410,369 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.85 08/31/18 Open 606,400 610,524 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.70 09/04/18 Open 661,500 665,774 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.85 09/04/18 Open 589,600 593,567 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.85 09/04/18 Open 537,600 541,217 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.85 09/04/18 Open 748,920 753,959 Corporate Bonds Open/Demand
Barclays Capital, Inc. 1.50 09/07/18 Open 127,435 127,811 Corporate Bonds Open/Demand
Barclays Capital, Inc. 2.80 09/07/18 Open 176,209 177,270 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 2.95 09/07/18 Open 22,000 22,145 Corporate Bonds Open/Demand
BNP Paribas S.A. 2.75 09/11/18 Open 785,890 790,425 Corporate Bonds Open/Demand
BNP Paribas S.A. 2.75 09/11/18 Open 625,669 629,279 Corporate Bonds Open/Demand
BNP Paribas S.A. 2.91 09/11/18 Open 620,100 623,899 Corporate Bonds Open/Demand
BNP Paribas S.A. 2.91 09/11/18 Open 566,010 569,478 Corporate Bonds Open/Demand
BNP Paribas S.A. 2.91 09/11/18 Open 381,034 383,368 Corporate Bonds Open/Demand
Citigroup Global Markets, Inc. 0.25 09/11/18 Open 14,562 14,568 Corporate Bonds Open/Demand

39

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Limited Duration Income Trust (BLW)

Reverse Repurchase Agreements (continued)

Counterparty Face Value Face Value Including Accrued Interest Type of Non-Cash Underlying Collateral Remaining Contractual Maturity of the Agreements (a)
RBC Capital Markets LLC 2.59 % 09/11/18 Open $ 453,750 $ 456,311 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.59 09/11/18 Open 463,338 465,953 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.59 09/11/18 Open 94,500 95,033 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.59 09/11/18 Open 334,800 336,690 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.59 09/11/18 Open 405,638 407,927 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.59 09/11/18 Open 925,000 930,221 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.59 09/11/18 Open 353,437 355,432 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.59 09/11/18 Open 368,437 370,517 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.59 09/11/18 Open 1,378,250 1,386,029 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.59 09/11/18 Open 1,053,675 1,059,622 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.59 09/11/18 Open 277,162 278,727 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.85 09/11/18 Open 229,830 231,260 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.85 09/11/18 Open 855,938 861,263 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.85 09/11/18 Open 682,563 686,810 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.85 09/11/18 Open 358,062 360,290 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.85 09/11/18 Open 709,735 714,151 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.85 09/11/18 Open 399,600 402,086 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.85 09/11/18 Open 1,148,213 1,155,357 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.85 09/11/18 Open 356,025 358,240 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.85 09/12/18 Open 272,160 273,853 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 0.75 09/13/18 Open 77,400 77,485 Corporate Bonds Open/Demand
Barclays Capital, Inc. 2.80 09/14/18 Open 467,250 469,932 Corporate Bonds Open/Demand
Barclays Capital, Inc. 2.80 09/14/18 Open 664,256 668,069 Corporate Bonds Open/Demand
Barclays Capital, Inc. 2.80 09/14/18 Open 629,750 633,365 Corporate Bonds Open/Demand
Barclays Capital, Inc. 2.80 09/14/18 Open 438,558 441,075 Capital Trusts Open/Demand
RBC Capital Markets LLC 2.85 09/14/18 Open 688,000 692,032 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.85 09/14/18 Open 251,250 252,723 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.85 09/14/18 Open 693,840 697,907 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.85 09/14/18 Open 98,362 98,939 Corporate Bonds Open/Demand
Barclays Capital, Inc. 2.30 09/19/18 Open 391,235 393,035 Capital Trusts Open/Demand
Barclays Capital, Inc. 2.55 09/19/18 Open 628,390 631,595 Corporate Bonds Open/Demand
Barclays Capital, Inc. 2.55 09/19/18 Open 488,771 491,264 Corporate Bonds Open/Demand
Barclays Capital, Inc. 2.55 09/19/18 Open 52,536 52,804 Corporate Bonds Open/Demand
Barclays Capital, Inc. 2.55 09/19/18 Open 557,874 560,719 Corporate Bonds Open/Demand
Barclays Capital, Inc. 2.55 09/19/18 Open 533,400 536,120 Corporate Bonds Open/Demand
Barclays Capital, Inc. 2.55 09/19/18 Open 664,121 667,508 Corporate Bonds Open/Demand
BNP Paribas S.A. 2.67 09/19/18 Open 206,205 207,306 Corporate Bonds Open/Demand
BNP Paribas S.A. 2.67 09/19/18 Open 246,712 248,030 Corporate Bonds Open/Demand
HSBC Securities (USA), Inc. 2.20 09/19/18 Open 6,665,000 6,694,326 Capital Trusts Open/Demand
HSBC Securities (USA), Inc. 2.20 09/19/18 Open 520,000 522,288 Corporate Bonds Open/Demand
HSBC Securities (USA), Inc. 2.20 09/19/18 Open 909,000 913,000 Corporate Bonds Open/Demand
HSBC Securities (USA), Inc. 2.20 09/19/18 Open 163,000 163,717 Corporate Bonds Open/Demand
J.P. Morgan Securities LLC 0.15 09/19/18 Open 205,242 205,304 Corporate Bonds Open/Demand
J.P. Morgan Securities LLC 0.75 09/19/18 Open 195,464 195,757 Corporate Bonds Open/Demand

40

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Limited Duration Income Trust (BLW)

Reverse Repurchase Agreements (continued)

Counterparty Face Value Face Value Including Accrued Interest Type of Non-Cash Underlying Collateral Remaining Contractual Maturity of the Agreements (a)
J.P. Morgan Securities LLC 1.80 % 09/19/18 Open $ 381,254 $ 382,627 Corporate Bonds Open/Demand
RBC Capital Markets LLC 1.00 09/19/18 Open 251,160 251,662 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.34 09/19/18 Open 527,250 529,718 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.34 09/19/18 Open 776,250 779,883 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.34 09/19/18 Open 211,500 212,490 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.34 09/19/18 Open 127,750 128,348 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.45 09/19/18 Open 325,850 327,447 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.60 09/19/18 Open 158,000 158,822 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.60 09/19/18 Open 359,795 361,666 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.60 09/19/18 Open 465,470 467,890 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.60 09/19/18 Open 409,150 411,278 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.60 09/19/18 Open 566,370 569,315 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.60 09/19/18 Open 501,720 504,329 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.60 09/19/18 Open 66,400 66,745 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.60 09/19/18 Open 451,350 453,697 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.60 09/19/18 Open 89,925 90,393 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.60 09/19/18 Open 238,212 239,451 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.60 09/19/18 Open 306,562 308,157 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.60 09/19/18 Open 266,365 267,750 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.60 09/19/18 Open 577,990 580,996 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.60 09/19/18 Open 259,170 260,518 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.60 09/19/18 Open 466,793 469,220 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.60 09/19/18 Open 918,120 922,894 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.60 09/19/18 Open 173,470 174,372 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.60 09/19/18 Open 142,650 143,392 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.60 09/19/18 Open 99,937 100,457 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.60 09/19/18 Open 478,695 481,184 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.60 09/19/18 Open 507,955 510,596 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.60 09/19/18 Open 423,300 425,501 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.60 09/19/18 Open 102,700 103,234 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.60 09/19/18 Open 258,265 259,608 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.60 09/19/18 Open 357,205 359,062 Corporate Bonds Open/Demand
UBS Securities LLC 2.50 09/19/18 Open 210,960 212,015 Corporate Bonds Open/Demand
UBS Securities LLC 2.50 09/19/18 Open 1,892,550 1,902,013 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 2.95 09/20/18 Open 258,000 259,429 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 2.95 09/20/18 Open 187,000 188,036 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.59 09/20/18 Open 142,740 143,462 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.59 09/20/18 Open 1,382,438 1,389,432 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.59 09/20/18 Open 137,700 138,397 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.85 09/20/18 Open 109,012 109,620 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.85 09/20/18 Open 454,383 456,914 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.85 09/20/18 Open 870,840 875,693 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.85 09/20/18 Open 167,000 167,931 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.85 09/20/18 Open 79,380 79,822 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.85 09/20/18 Open 425,100 427,469 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.85 09/20/18 Open 903,870 908,907 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.85 09/20/18 Open 270,442 271,949 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.85 09/20/18 Open 1,321,360 1,328,723 Corporate Bonds Open/Demand

41

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Limited Duration Income Trust (BLW)

Reverse Repurchase Agreements (continued)

Counterparty Face Value Face Value Including Accrued Interest Type of Non-Cash Underlying Collateral Remaining Contractual Maturity of the Agreements (a)
UBS Ltd. 2.55 % 09/20/18 Open $ 3,026,213 $ 3,041,285 Corporate Bonds Open/Demand
UBS Ltd. 2.75 09/20/18 Open 1,730,000 1,739,299 Capital Trusts Open/Demand
UBS Ltd. 2.75 09/20/18 Open 257,355 258,738 Corporate Bonds Open/Demand
UBS Ltd. 2.75 09/20/18 Open 746,250 750,261 Corporate Bonds Open/Demand
UBS Ltd. 2.75 09/20/18 Open 250,200 251,545 Corporate Bonds Open/Demand
UBS Ltd. 2.75 09/20/18 Open 279,720 281,224 Corporate Bonds Open/Demand
UBS Ltd. 2.75 09/20/18 Open 362,780 364,730 Corporate Bonds Open/Demand
UBS Ltd. 2.85 09/20/18 Open 3,006,575 3,023,182 Corporate Bonds Open/Demand
HSBC Securities (USA), Inc. 2.38 09/25/18 Open 6,042,375 6,067,191 U.S. Treasury Obligations Open/Demand
RBC Capital Markets LLC 2.85 09/26/18 Open 1,613,950 1,621,874 Corporate Bonds Open/Demand
Barclays Capital, Inc. 1.25 09/27/18 Open 430,005 430,930 Corporate Bonds Open/Demand
BNP Paribas S.A. 2.80 09/28/18 Open 1,320,335 1,326,599 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.85 09/28/18 Open 334,125 335,739 Corporate Bonds Open/Demand
Barclays Capital, Inc. 2.80 10/01/18 Open 419,565 421,523 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.85 10/04/18 Open 232,402 233,451 Corporate Bonds Open/Demand
Barclays Capital, Inc. 2.80 10/09/18 Open 220,440 221,332 Corporate Bonds Open/Demand
HSBC Securities (USA), Inc. 2.45 10/09/18 Open 2,808,000 2,818,128 Corporate Bonds Open/Demand
HSBC Securities (USA), Inc. 2.45 10/09/18 Open 256,000 256,923 Corporate Bonds Open/Demand
HSBC Securities (USA), Inc. 2.70 10/09/18 Open 417,000 418,658 Corporate Bonds Open/Demand
HSBC Securities (USA), Inc. 2.70 10/09/18 Open 539,000 541,143 Corporate Bonds Open/Demand
HSBC Securities (USA), Inc. 2.70 10/09/18 Open 496,000 497,972 Corporate Bonds Open/Demand
HSBC Securities (USA), Inc. 2.70 10/09/18 Open 442,000 443,757 Corporate Bonds Open/Demand
HSBC Securities (USA), Inc. 2.70 10/09/18 Open 908,000 911,609 Corporate Bonds Open/Demand
HSBC Securities (USA), Inc. 2.32 10/15/18 Open 8,010,000 8,033,741 U.S. Treasury Obligations Open/Demand
HSBC Securities (USA), Inc. 2.34 10/15/18 Open 2,237,200 2,243,645 U.S. Treasury Obligations Open/Demand
Barclays Capital, Inc. 0.75 10/16/18 Open 147,306 147,582 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.85 10/24/18 Open 396,435 397,596 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.85 10/29/18 Open 992,240 994,754 Corporate Bonds Open/Demand
BNP Paribas S.A. 2.92 11/02/18 Open 275,010 275,590 Corporate Bonds Open/Demand
Goldman Sachs & Co. LLC 2.09 11/06/18 Open 979,265 980,629 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.85 11/08/18 Open 359,250 359,876 Corporate Bonds Open/Demand
HSBC Securities (USA), Inc. 2.52 11/09/18 1/14/19 51,200 51,265 U.S. Government Sponsored Agency Securities Up to 90 Days
HSBC Securities (USA), Inc. 2.52 11/09/18 1/14/19 270,200 270,540 U.S. Government Sponsored Agency Securities Up to 90 Days
Cantor Fitzerald & Co. 2.37 11/14/18 12/18/18 15,372,000 15,386,402 U.S. Government Sponsored Agency Securities Up to 60 Days

42

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Limited Duration Income Trust (BLW)

Reverse Repurchase Agreements (continued)

Counterparty Face Value Face Value Including Accrued Interest Type of Non-Cash Underlying Collateral Remaining Contractual Maturity of the Agreements (a)
Credit Suisse Securities (USA) LLC 2.50 % 11/15/18 Open $ 899,544 $ 900,481 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 2.80 11/15/18 Open 2,730,000 2,733,185 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 2.95 11/15/18 Open 128,000 128,157 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 2.95 11/15/18 Open 1,459,000 1,460,793 Capital Trusts Open/Demand
Deutsche Bank Securities, Inc. 2.95 11/15/18 Open 2,088,000 2,090,567 Corporate Bonds Open/Demand
Deutsche Bank Securities, Inc. 2.95 11/15/18 Open 318,000 318,391 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.59 11/15/18 Open 87,800 87,895 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.59 11/15/18 Open 518,925 519,485 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.59 11/15/18 Open 625,500 626,175 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.59 11/15/18 Open 1,645,000 1,646,775 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.59 11/15/18 Open 1,380,000 1,381,489 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.59 11/15/18 Open 263,062 263,346 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.59 11/15/18 Open 1,392,825 1,394,328 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.59 11/15/18 Open 602,875 603,526 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.59 11/15/18 Open 484,900 485,423 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.59 11/15/18 Open 1,160,963 1,162,215 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.59 11/15/18 Open 237,787 238,044 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.59 11/15/18 Open 248,187 248,455 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.59 11/15/18 Open 38,500 38,542 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.59 11/15/18 Open 2,007,500 2,009,666 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.85 11/15/18 Open 179,000 179,213 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.85 11/15/18 Open 1,017,450 1,018,658 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.85 11/15/18 Open 257,845 258,151 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.85 11/15/18 Open 368,775 369,213 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.85 11/15/18 Open 491,318 491,901 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.85 11/15/18 Open 443,700 444,227 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.85 11/15/18 Open 235,625 235,905 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.85 11/15/18 Open 146,405 146,579 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.85 11/15/18 Open 255,277 255,581 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.85 11/15/18 Open 309,590 309,958 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.85 11/15/18 Open 526,500 527,125 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.85 11/15/18 Open 508,500 509,104 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.85 11/15/18 Open 637,798 638,555 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.85 11/15/18 Open 497,918 498,509 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.85 11/15/18 Open 311,535 311,905 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.85 11/15/18 Open 204,232 204,475 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.85 11/15/18 Open 106,335 106,461 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.85 11/15/18 Open 487,500 488,079 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.85 11/15/18 Open 2,231,000 2,233,649 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.85 11/15/18 Open 485,513 486,089 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.85 11/15/18 Open 688,188 689,005 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.85 11/15/18 Open 463,980 464,531 Corporate Bonds Open/Demand
Barclays Capital, Inc. 2.80 11/16/18 Open 357,000 357,333 Corporate Bonds Open/Demand

43

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Limited Duration Income Trust (BLW)

Reverse Repurchase Agreements (continued)

Counterparty Face Value Face Value Including Accrued Interest Type of Non-Cash Underlying Collateral Remaining Contractual Maturity of the Agreements (a)
Royal Bank of Canada 2.40 % 11/26/18 12/10/18 $ 4,374,000 $ 4,375,458 U.S. Government Sponsored Agency Securities Up to 30 Days
Barclays Capital, Inc. 2.80 11/27/18 Open 516,661 516,822 Corporate Bonds Open/Demand
HSBC Securities (USA), Inc. 2.70 11/27/18 Open 182,000 182,055 Corporate Bonds Open/Demand
HSBC Securities (USA), Inc. 2.70 11/27/18 Open 839,000 839,252 Corporate Bonds Open/Demand
RBC Capital Markets LLC 2.85 11/27/18 Open 230,177 230,250 Corporate Bonds Open/Demand
BNP Paribas S.A. 2.91 11/28/18 Open 368,517 368,577 Corporate Bonds Open/Demand
$ 210,224,734 $ 211,278,227

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

Derivative Financial Instruments Outstanding as of Period End

Futures Contracts

Description Notional Amount (000) Value / Unrealized Appreciation (Depreciation)
Long Contracts:
Euro Stoxx 50 Index 1 12/21/18 $ 36 $ (1,802 )
Euro Stoxx 600 Index 1 12/21/18 8 (721 )
Ultra Long U.S. Treasury Bond 40 03/20/19 6,096 7,249
2-Year U.S. Treasury Note 187 03/29/19 39,454 22,759
27,485
Short Contracts:
EURO-BOBL Future 1 12/06/18 149 (442 )
Euro Bund 1 12/06/18 183 (2,073 )
10-Year U.S. Treasury Note 316 03/20/19 37,747 (114,876 )
10-Year U.S. Ultra Long Treasury 44 03/20/19 5,566 (20,680 )
Long U.S. Treasury Bond 2 03/20/19 280 (1,416 )
Long Gilt Future 1 03/27/19 156 (765 )
5-Year U.S. Treasury Note 262 03/29/19 29,596 (12,958 )
(153,210 )
$ (125,725 )

44

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Limited Duration Income Trust (BLW)

Forward Foreign Currency Exchange Contracts

Currency Purchased — NZD 86,000 Currency Sold — USD 59,012 Counterparty — HSBC Bank USA N.A. 12/05/18 Unrealized Appreciation (Depreciation) — $ 106
USD 13,482,341 EUR 11,822,000 Citibank N.A. 12/05/18 97,639
USD 578,657 EUR 510,000 JPMorgan Chase Bank N.A. 12/05/18 1,242
USD 1,195,891 EUR 1,054,000 JPMorgan Chase Bank N.A. 12/05/18 2,566
USD 4,870,928 EUR 4,293,000 JPMorgan Chase Bank N.A. 12/05/18 10,454
USD 187,423 EUR 164,000 Morgan Stanley & Co. International PLC 12/05/18 1,745
USD 1,182,901 EUR 1,036,000 State Street Bank and Trust Co. 12/05/18 9,956
USD 1,227,225 GBP 961,000 Barclays Bank PLC 12/05/18 2,618
USD 7,143,700 GBP 5,594,000 Barclays Bank PLC 12/05/18 15,239
USD 2,190,687 GBP 1,713,000 Citibank N.A. 12/05/18 7,803
USD 511,073 MXN 10,254,000 Goldman Sachs International 12/05/18 7,366
USD 387,792 RUB 25,851,000 Bank of America N.A. 12/19/18 2,911
USD 13,474,361 EUR 11,822,000 Citibank N.A. 02/05/19 11,518
USD 992,984 EUR 871,000 UBS AG 02/05/19 1,092
USD 1,402,262 EUR 1,230,000 UBS AG 02/05/19 1,543
USD 4,894,235 EUR 4,293,000 UBS AG 02/05/19 5,384
USD 2,199,081 GBP 1,713,000 Citibank N.A. 02/05/19 8,579
USD 1,227,778 GBP 960,000 JPMorgan Chase Bank N.A. 02/05/19 176
USD 7,154,362 GBP 5,594,000 JPMorgan Chase Bank N.A. 02/05/19 1,026
188,963
EUR 11,822,000 USD 13,396,690 Citibank N.A. 12/05/18 (11,988 )
EUR 871,000 USD 987,279 UBS AG 12/05/18 (1,145 )
EUR 1,230,000 USD 1,394,205 UBS AG 12/05/18 (1,616 )
EUR 4,293,000 USD 4,866,116 UBS AG 12/05/18 (5,641 )
GBP 1,713,000 USD 2,191,784 Citibank N.A. 12/05/18 (8,899 )
GBP 960,000 USD 1,223,520 JPMorgan Chase Bank N.A. 12/05/18 (187 )
GBP 5,594,000 USD 7,129,553 JPMorgan Chase Bank N.A. 12/05/18 (1,092 )
USD 56,323 NZD 86,000 State Street Bank and Trust Co. 12/05/18 (2,794 )
USD 59,073 NZD 86,000 HSBC Bank USA N.A. 02/05/19 (105 )
(33,467 )
$ 155,496

OTC Options Purchased

Description Counterparty Value
Call
Marsico Parent Superholdco LLC Goldman Sachs & Co. 46 12/14/19 USD 942.86 USD — $ —

45

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Limited Duration Income Trust (BLW)

Centrally Cleared Credit Default Swaps — Sell Protection

Reference Obligation/Index — Markit CDX North America High Yield Index, Series 31, Version 1 5.00 % Quarterly 12/20/23 B USD 6,750 Value — $ 372,997 Upfront Premium Paid (Received) — $ 268,407 Unrealized Appreciation (Depreciation) — $ 104,590

(a) Using S&P/Standard & Poor’srating 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 — Rate Frequency Received by the Fund — Rate Frequency Effective Date Termination Date Notional Amount (000) Value Upfront Premium Paid (Received) Unrealized Appreciation (Depreciation)
3-Month LIBOR, 2.74% Quarterly 2.54 Semi-annual N/A 09/04/24 USD 18,700 $ (430,324 ) $ 184 $ (430,508 )
2.60 Semi-annual 3-Month LIBOR, 2.74% Quarterly N/A 09/04/24 USD 18,700 372,178 (56,899 ) 429,077
2.24 Semi-annual 3-Month LIBOR, 2.74% Quarterly N/A 08/09/27 USD 17,400 963,163 242 962,921
3.01 Semi-annual 3-Month LIBOR, 2.74% Quarterly N/A 02/14/48 USD 6,000 113,835 178 113,657
$ 1,018,852 $ (56,295 ) $ 1,075,147

OTC Credit Default Swaps — Sell Protection

Reference Obligation/Index — Telecom Italia SpA/Milano 1.00 % Quarterly Counterparty — Citibank N.A. 12/20/22 Credit Rating (a) — BB+ EUR 30 Value — $ (2,140 ) Upfront Premium Paid (Received) — $ (512 ) Unrealized Appreciation (Depreciation) — $ (1,629 )
Casino Guichard Perrachon SA 1.00 Quarterly BNP Paribas S.A. 06/20/23 BB EUR 10 (1,987 ) (934 ) (1,053 )
Casino Guichard Perrachon SA 1.00 Quarterly BNP Paribas S.A. 06/20/23 BB EUR 10 (1,987 ) (934 ) (1,053 )
Casino Guichard Perrachon SA 1.00 Quarterly JPMorgan Chase Bank N.A. 06/20/23 BB EUR 10 (1,987 ) (925 ) (1,062 )
Casino Guichard Perrachon SA 1.00 Quarterly Bank of America N.A. 06/20/23 BB EUR 9 (1,838 ) (1,322 ) (516 )
Casino Guichard Perrachon SA 1.00 Quarterly Citibank N.A. 06/20/23 BB EUR 21 (4,123 ) (2,796 ) (1,327 )
Casino Guichard Perrachon SA 1.00 Quarterly JPMorgan Chase Bank N.A. 06/20/23 BB EUR 5 (1,082 ) (666 ) (416 )
Casino Guichard Perrachon SA 1.00 Quarterly Citibank N.A. 06/20/23 BB EUR 9 (1,801 ) (1,184 ) (616 )
Casino Guichard Perrachon SA 1.00 Quarterly JPMorgan Chase Bank N.A. 06/20/23 BB EUR 9 (1,802 ) (1,186 ) (617 )
Casino Guichard Perrachon SA 1.00 Quarterly JPMorgan Chase Bank N.A. 06/20/23 BB EUR 4 (721 ) (444 ) (277 )
Casino Guichard Perrachon SA 1.00 Quarterly Barclays Bank PLC 06/20/23 BB EUR 6 (1,151 ) (681 ) (470 )
Casino Guichard Perrachon SA 1.00 Quarterly Barclays Bank PLC 06/20/23 BB EUR 44 (8,784 ) (5,357 ) (3,428 )
Intrum Justitia AB 5.00 Quarterly Credit Suisse International 06/20/23 BB+ EUR 20 1,087 1,862 (775 )
Intrum Justitia AB 5.00 Quarterly Credit Suisse International 06/20/23 BB+ EUR 50 2,716 4,928 (2,212 )
Intrum Justitia AB 5.00 Quarterly Credit Suisse International 06/20/23 BB+ EUR 7 373 755 (382 )
Intrum Justitia AB 5.00 Quarterly Morgan Stanley & Co. International PLC 06/20/23 BB+ EUR 23 1,257 2,545 (1,288 )
Intrum Justitia AB 5.00 Quarterly Citibank N.A. 06/20/23 BB+ EUR 9 507 433 74
Intrum Justitia AB 5.00 Quarterly Citibank N.A. 06/20/23 BB+ EUR 21 1,123 959 165

46

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Limited Duration Income Trust (BLW)

OTC Credit Default Swaps — Sell Protection (continued)

Reference Obligation/Index — Thomas Cook Finance 2 PLC 5.00 Quarterly Morgan Stanley & Co. International PLC 06/20/23 Credit Rating (a) — B+ EUR 50 Value — $ (5,094 ) Upfront Premium Paid (Received) — $ 6,227 Unrealized Appreciation (Depreciation) — $ (11,321 )
Casino Guichard Perrachon SA 1.00 Quarterly Barclays Bank PLC 12/20/23 BB EUR 60 (13,283 ) (9,610 ) (3,672 )
Chesapeake Energy Corp. 5.00 Quarterly Barclays Bank PLC 12/20/23 B- USD 79 (2,852 ) 153 (3,005 )
Chesapeake Energy Corp. 5.00 Quarterly Barclays Bank PLC 12/20/23 B- USD 62 (2,238 ) 604 (2,842 )
Garfunkelux Holdco 2 SA 5.00 Quarterly JPMorgan Chase Bank N.A. 12/20/23 B- EUR 13 (2,453 ) (93 ) (2,360 )
Garfunkelux Holdco 2 SA 5.00 Quarterly Credit Suisse International 12/20/23 B- EUR 6 (1,069 ) 108 (1,177 )
Garfunkelux Holdco 2 SA 5.00 Quarterly Credit Suisse International 12/20/23 B- EUR 24 (4,659 ) 473 (5,132 )
Telecom Italia SpA/Milano 1.00 Quarterly Barclays Bank PLC 12/20/23 BB+ EUR 52 (5,699 ) (5,070 ) (629 )
Telecom Italia SpA/Milano 1.00 Quarterly JPMorgan Chase Bank N.A. 12/20/23 BB+ EUR 48 (5,357 ) (5,037 ) (320 )
Tesco PLC 1.00 Quarterly Citibank N.A. 12/20/23 BB+ EUR 50 (765 ) (744 ) (21 )
Vougeot Bidco PLC 5.00 Quarterly Citibank N.A. 12/20/23 B EUR 15 2,000 1,551 449
Vougeot Bidco PLC 5.00 Quarterly Citibank N.A. 12/20/23 B EUR 36 4,667 3,580 1,087
Markit CMBX North America, Series 8 3.00 Monthly Barclays Bank PLC 10/17/57 N/A USD 5,000 (417,071 ) (512,085 ) 95,014
Markit CMBX North America, Series 8 3.00 Monthly Credit Suisse International 10/17/57 N/A USD 2,500 (208,536 ) (253,053 ) 44,517
Markit CMBX North America, Series 8 3.00 Monthly Morgan Stanley & Co. International PLC 10/17/57 N/A USD 4,450 (372,677 ) (599,361 ) 226,684
Markit CMBX North America, Series 9 3.00 Monthly Morgan Stanley & Co. International PLC 09/17/58 N/A USD 7,550 (643,032 ) (940,271 ) 297,239
Markit CMBX North America, Series 9 3.00 Monthly Credit Suisse International 09/17/58 N/A USD 5,000 (425,849 ) (547,492 ) 121,643
Markit CMBX North America, Series 9 3.00 Monthly Credit Suisse International 09/17/58 N/A USD 5,000 (425,849 ) (547,492 ) 121,643
Markit CMBX North America, Series 9 3.00 Monthly Credit Suisse International 09/17/58 N/A USD 5,000 (425,849 ) (541,512 ) 115,663
Total $ (2,978,005 ) $ (3,954,583 ) $ 976,578

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

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

47

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Limited Duration Income Trust (BLW)

OTC Total Return Swaps

Paid by the Fund — Reference Frequency Received by the Fund — Rate Frequency Counterparty Effective Date Termination Date Notional Amount/ Contract Amount (000) Value Upfront Premium Paid (Received) Unrealized Appreciation (Depreciation)
Markit iboxx USDLiquid Leveraged Loans Total Return Index Quarterly 3-Month LIBOR, 2.74% Quarterly Credit Suisse International N/A 12/20/18 USD 4,000 $ (50,989 ) $ — $ (50,989 )
Markit iboxx USDLiquid Leveraged Loans Total Return Index Quarterly 3-Month LIBOR, 2.74% Quarterly JPMorgan Chase Bank N.A. N/A 12/20/18 USD 2,750 (60,765 ) (3,929 ) (56,836 )
Markit iboxx USDLiquid Leveraged Loans Total Return Index Quarterly 3-Month LIBOR, 2.74% Quarterly JPMorgan Chase Bank N.A. N/A 12/20/18 USD 2,750 (60,606 ) (5,178 ) (55,428 )
$ (172,360 ) $ (9,107 ) $ (163,253 )

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.

48

Schedule of Investments (unaudited) (continued) November 30, 2018 BlackRock Limited Duration Income Trust (BLW)

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

Level 1 Level 2
Assets:
Investments:
Long-Term Investments:
Asset-Backed Securities $ — $ 48,681,863 $ 1,457,566 $ 50,139,429
Common Stocks (a) 74,704 47,787 1,224,585 1,347,076
Corporate Bonds — 343,557,380 1,465,589 345,022,969
Floating Rate Loan Interests — 223,237,321 17,203,469 240,440,790
Foreign Agency Obligations — 19,330,619 — 19,330,619
Investment Companies 8,497,500 — — 8,497,500
Non-Agency Mortgage- Backed Securities — 32,216,295 — 32,216,295
Other Interests — — 10 10
Preferred Securities 12,846,152 44,162,814 — 57,008,966
U.S. Government Sponsored Agency Securities — 31,118,203 — 31,118,203
U.S. Treasury Obligations — 16,286,898 — 16,286,898
Short-Term Securities:
Foreign Agency Obligations — 606,404 — 606,404
Short-Term Investment Fund 5,145,861 — — 5,145,861
Liabilities:
Investments:
Unfunded Floating Rate Loan Interests (b) — (380 ) (883 ) (1,263 )
Subtotal $ 26,564,217 $ 759,245,204 $ 21,350,336 $ 807,159,757
Investments Valued at net asset value
(“NAV”) (c) 40,545
Total Investments $ 807,200,302
Derivative Financial Instruments (d)
Assets:
Credit contracts $ — $ 1,128,768 $ — $ 1,128,768
Forward foreign currency contracts — 188,963 — 188,963
Interest rate contracts 30,008 1,505,655 — 1,535,663
Liabilities:
Credit contracts — (47,600 ) — (47,600 )
Equity contracts (2,523 ) — — (2,523 )
Forward foreign currency contracts — (33,467 ) — (33,467 )
Interest rate contracts (153,210 ) (593,761 ) — (746,971 )
$ (125,725 ) $ 2,148,558 $ — $ 2,022,833

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

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

(c) As of November 30, 2018, certain of the Fund’s Investments were fair valued using NAV per share and have been excluded from the fair value hierarchy.

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

The Fund may hold assets and/or liabilities in which the fair value approximates the carrying amount or face value, including accrued interest, for financial statement purposes. As of period end, reverse repurchase agreements of $211,278,227 are categorized within as Level 2 the disclosure hierarchy.

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

49

Schedule of Investments (unaudited) (continued) November 30, 2018 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 Other Interests Rights Warrants Unfunded Floating Rate Loan Interests Grand Total
Assets:
Opening balance, as of August 31, 2018 $ 1,581,044 $ 2,336,114 $ 1,507,493 $ 9,733,052 $ 10 $ — $ — $ — $ 15,157,713
Transfers into Level 3 (a) — — — 10,816,097 — — — (270 ) 10,815,827
Transfers out of Level 3 (b) — — — (3,168,273 ) — — — — (3,168,273 )
Accrued discounts/premiums (11,621 ) — (50,411 ) 2,148 — — — — (59,884 )
Net realized gain (loss) (87,372 ) — 12 (15,216 ) — — — — (102,576 )
Net change in unrealized appreciation
(depreciation) (c) 63,464 (1,111,529 ) 8,506 (328,530 ) — — — (613 ) (1,368,702 )
Purchases — — — 2,108,514 — — — — 2,108,514
Sales (87,949 ) — (11 ) (1,944,323 ) — — — — (2,032,283 )
Closing balance, as of November 30, 2018 $ 1,457,566 $ 1,224,585 $ 1,465,589 $ 17,203,469 $ 10 $ — $ — $ (883 ) $ 21,350,336
Net change in unrealized appreciation (depreciation) on investments still held at November 30, 2018 (c) $ 63,464 $ (1,111,528 ) $ 8,506 $ (323,502 ) $ — $ — $ — $ (613 ) $ (1,363,673 )

(a) As of August 31, 2018, the Fund used observable inputs in determining the value of certain investments. As of November 30, 2018, 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, 2018, the Fund used significant unobservable inputs in determining the value of certain investments. As of November 30, 2018, 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, 2018 is generally due to investments no longer held or categorized as Level 3 at period end.

50

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 18, 2019

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

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

Date: January 18, 2019

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

Date: January 18, 2019

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