- Quarterly Schedule of Portfolio Holdings of Registered Management Investment Company (N-Q)
September 29 2011 - 11:28AM
Edgar (US Regulatory)
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 811-21972
Name of Fund: BlackRock Credit Allocation Income Trust IV (BTZ)
Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809
Name and address of agent for service: John M. Perlowski, Chief Executive Officer, BlackRock Credit Allocation Income Trust IV, 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: 10/31/2011
Date of reporting period: 07/31/2011
Item 1 – Schedule of Investments
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Schedule of Investments
July 31, 2011 (Unaudited)
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BlackRock Credit Allocation Income Trust IV, Inc. (BTZ)
(Percentages shown are based on Net Assets)
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Asset-Backed Securities
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Par
(000)
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Value
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Atrium CDO Corp., Series 5A,
Class A4, 0.65%, 7/20/20 (a)(b)
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$
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4,400
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$
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3,630,000
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SLM Student Loan Trust,
Series 2004-B, Class A2, 0.45%,
6/15/21 (b)
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4,207
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4,092,497
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Total Asset-Backed Securities 1.0%
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7,722,497
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Corporate Bonds
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Aerospace & Defense 1.8%
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BE Aerospace, Inc., 8.50%,
7/01/18
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3,575
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3,945,906
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Bombardier, Inc., 7.75%, 3/15/20 (a)
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4,500
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5,062,500
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Huntington Ingalls Industries, Inc. (a):
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6.88%, 3/15/18
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990
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1,019,700
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7.13%, 3/15/21
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960
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991,200
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Kratos Defense & Security
Solutions, Inc., 10.00%,
6/01/17
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2,052
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2,190,510
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13,209,816
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Airlines 0.9%
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American Airlines Pass-Through
Trust, Series 2011-1, Class A,
5.25%, 7/31/22
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2,425
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2,382,563
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Continental Airlines Pass-Through
Certificates, Series 2009-2,
Class B, 9.25%, 5/10/17
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1,990
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2,092,107
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Delta Air Lines, Inc., Series 02G1,
6.72%, 7/02/24
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2,205
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2,221,889
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6,696,559
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Auto Components 0.7%
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Delphi Corp., 6.13%, 5/15/21 (a)
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950
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959,500
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Icahn Enterprises LP:
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7.75%, 1/15/16
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1,700
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1,763,750
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8.00%, 1/15/18
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2,500
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2,581,250
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5,304,500
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Beverages 0.5%
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Constellation Brands, Inc., 7.25%,
5/15/17
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3,230
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3,536,850
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Building Products 0.4%
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Building Materials Corp. of America (a):
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7.00%, 2/15/20
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790
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827,525
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6.75%, 5/01/21
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1,930
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1,956,538
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2,784,063
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Corporate
Bonds
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Par
(000)
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Value
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Capital Markets 4.2%
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Ameriprise Financial, Inc., 5.30%,
3/15/20 (c)
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$
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4,500
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$
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4,956,066
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E*Trade Financial Corp., 12.50%,
11/30/17 (d)
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2,460
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2,939,700
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The Goldman Sachs Group, Inc. (c):
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7.50%, 2/15/19
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6,850
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8,091,542
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6.25%, 2/01/41
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7,350
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7,392,490
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Macquarie Bank, Ltd., 6.63%,
4/07/21 (a)(c)
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3,415
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3,525,824
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UBS AG (c):
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2.25%, 1/28/14
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2,678
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2,711,740
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5.88%, 7/15/16
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1,575
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1,734,752
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31,352,114
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Chemicals 0.5%
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CF Industries, Inc., 7.13%,
5/01/20
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1,550
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1,817,375
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Celanese US Holdings LLC, 5.88%,
6/15/21
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975
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1,033,500
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Omnova Solutions, Inc., 7.88%,
11/01/18 (a)
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1,125
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1,094,063
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3,944,938
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Commercial Banks 6.3%
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Amsouth Bank, 4.85%, 4/01/13
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1,800
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1,785,636
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Asciano Finance, 5.00%,
4/07/18 (a)
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1,475
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1,540,300
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Associated Banc-Corp, 5.13%,
3/28/16
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3,645
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3,863,335
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BNP Paribas (c):
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3.60%, 2/23/16
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7,250
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7,366,333
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7.20%, 6/29/49 (a)(e)
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2,500
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2,337,500
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Branch Banking & Trust Co. (b)(c):
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0.57%, 9/13/16
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1,850
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1,713,287
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0.56%, 5/23/17
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1,100
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1,007,134
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CIT Group, Inc.:
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7.00%, 5/01/17
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4,070
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4,080,175
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6.63%, 4/01/18 (a)
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553
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583,415
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Credit Agricole SA (a)(b)(c)(e):
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6.64%, 5/29/49
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2,450
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2,094,750
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8.38%, 10/29/49
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2,450
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2,523,500
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Discover Bank, 8.70%, 11/18/19
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1,950
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2,413,195
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HSBC Holdings Plc, 5.10%,
4/05/21 (c)
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3,500
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3,676,173
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Regions Financial Corp.:
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4.88%, 4/26/13
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4,150
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4,153,955
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5.75%, 6/15/15
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3,000
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2,981,250
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Standard Chartered Plc, 7.01%,
7/29/49 (a)(b)(e)
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5,000
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4,925,495
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47,045,433
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To simplify the listings of portfolio holdings
in the Schedule of Investments, the names and descriptions of many of the
securities have been abbreviated according to the following list:
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GO
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General Obligation Bonds
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LIBOR
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London InterBank Offered
Rate
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RB
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Revenue Bonds
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USD
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US Dollar
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BLACKROCK CREDIT ALLOCATION INCOME TRUST IV, INC.
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JULY 31, 2011
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1
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Schedule of Investments
(continued)
|
BlackRock Credit Allocation Income Trust IV, Inc. (BTZ)
(Percentages shown are based on Net Assets)
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Corporate Bonds
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Par
(000)
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Value
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Commercial Services & Supplies 3.9%
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Aviation Capital Group Corp. (a):
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7.13%, 10/15/20 (c)
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$
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15,000
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$
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15,581,562
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6.75%, 4/06/21
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3,850
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3,868,480
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Casella Waste Systems, Inc.,
7.75%, 2/15/19 (a)
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1,201
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1,188,990
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Clean Harbors, Inc., 7.63%,
8/15/16
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2,250
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2,390,625
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Corrections Corp. of America,
7.75%, 6/01/17
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4,835
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5,252,019
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Mobile Mini, Inc., 7.88%,
12/01/20
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455
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474,338
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28,756,014
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Communications Equipment 0.9%
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Avaya, Inc.:
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9.75%, 11/01/15
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1,400
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1,424,500
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7.00%, 4/01/19 (a)
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850
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822,375
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Brocade Communications
Systems, Inc., 6.88%, 1/15/20
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3,580
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3,888,775
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EH Holding Corp., 6.50%, 6/15/19 (a)
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700
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720,125
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6,855,775
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Construction Materials 0.2%
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Inversiones CMPC SA, 4.75%,
1/19/18 (a)
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1,375
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1,410,496
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Consumer Finance 3.9%
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American Express Credit Corp.,
2.75%, 9/15/15 (c)
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9,850
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9,984,088
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Capital One Bank USA NA, 8.80%,
7/15/19
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3,950
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4,968,085
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Ford Motor Credit Co. LLC, 7.00%,
4/15/15
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2,450
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2,682,750
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Inmarsat Finance Plc, 7.38%,
12/01/17 (a)
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2,975
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3,157,219
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SLM Corp., 6.25%, 1/25/16
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8,205
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8,585,728
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29,377,870
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Containers & Packaging 1.3%
|
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Ball Corp.:
|
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7.13%, 9/01/16
|
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|
2,000
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2,192,500
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6.75%, 9/15/20
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3,575
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3,825,250
|
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Crown Americas LLC, 6.25%,
2/01/21 (a)
|
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1,350
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1,380,375
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Graphic Packaging International,
Inc., 9.50%, 6/15/17
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|
1,105
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1,223,787
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Rock-Tenn Co., 9.25%, 3/15/16
|
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|
800
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865,000
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9,486,912
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Diversified Financial Services 11.4%
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Ally Financial, Inc.:
|
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4.50%, 2/11/14
|
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1,500
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1,492,500
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8.30%, 2/12/15
|
|
|
2,890
|
|
|
3,164,550
|
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8.00%, 11/01/31
|
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3,010
|
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|
3,224,462
|
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Corporate Bonds
|
|
Par
(000)
|
|
Value
|
|
Diversified Financial Services (concluded)
|
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Bank of America Corp.:
|
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5.30%, 3/15/17
|
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$
|
6,505
|
|
$
|
6,718,696
|
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5.00%, 5/13/21 (c)
|
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|
16,100
|
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|
15,935,732
|
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Citigroup, Inc. (c):
|
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4.59%, 12/15/15
|
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1,575
|
|
|
1,680,659
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3.95%, 6/15/16
|
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|
2,150
|
|
|
2,234,364
|
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Dresdner Funding Trust I, 8.15%,
6/30/31 (a)
|
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|
3,715
|
|
|
3,362,075
|
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Forethought Financial Group, Inc.,
8.63%, 4/15/21 (a)
|
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|
1,625
|
|
|
1,690,993
|
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General Electric Capital Corp.,
5.30%, 2/11/21 (c)
|
|
|
7,775
|
|
|
8,287,691
|
|
General Motors Financial Co., Inc.,
6.75%, 6/01/18 (a)
|
|
|
2,040
|
|
|
2,080,800
|
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ING Bank NV, 5.00%, 6/09/21 (a)(c)
|
|
|
3,950
|
|
|
4,047,664
|
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Intesa Sanpaolo SpA:
|
|
|
|
|
|
|
|
2.38%, 12/21/12
|
|
|
5,800
|
|
|
5,608,548
|
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6.50%, 2/24/21 (a)
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|
922
|
|
|
954,240
|
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JPMorgan Chase & Co., 3.15%,
7/05/16 (c)
|
|
|
4,375
|
|
|
4,421,134
|
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Moodys Corp., 6.06%, 9/07/17
|
|
|
10,000
|
|
|
10,521,480
|
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Morgan Stanley, 5.50%, 7/28/21
|
|
|
6,670
|
|
|
6,875,116
|
|
Reynolds Group Issuer, Inc. (a):
|
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|
|
|
|
|
|
7.88%, 8/15/19 (f)
|
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|
275
|
|
|
278,094
|
|
6.88%, 2/15/21
|
|
|
1,095
|
|
|
1,051,200
|
|
8.25%, 2/15/21
|
|
|
1,345
|
|
|
1,240,762
|
|
WMG Acquisition Corp., 9.50%,
6/15/16 (a)
|
|
|
340
|
|
|
360,825
|
|
|
|
|
|
|
|
85,231,585
|
|
Diversified
Telecommunication
Services 5.0%
|
|
|
|
|
|
|
|
AT&T, Inc., 6.30%, 1/15/38 (c)
|
|
|
5,000
|
|
|
5,533,760
|
|
Level 3 Financing, Inc.:
|
|
|
|
|
|
|
|
8.75%, 2/15/17
|
|
|
1,620
|
|
|
1,648,350
|
|
10.00%, 2/01/18
|
|
|
310
|
|
|
334,025
|
|
8.13%, 7/01/19 (a)
|
|
|
4,577
|
|
|
4,611,328
|
|
Qwest Corp., 8.38%, 5/01/16
|
|
|
3,285
|
|
|
3,892,725
|
|
Telecom Italia Capital SA, 6.18%,
6/18/14
|
|
|
1,650
|
|
|
1,719,133
|
|
Telefonica Emisiones SAU, 5.46%,
2/16/21 (c)
|
|
|
2,250
|
|
|
2,256,413
|
|
Verizon Communications, Inc. (c):
|
|
|
|
|
|
|
|
1.95%, 3/28/14
|
|
|
8,525
|
|
|
8,740,972
|
|
7.35%, 4/01/39
|
|
|
4,700
|
|
|
5,962,166
|
|
Windstream Corp., 7.88%,
11/01/17
|
|
|
2,700
|
|
|
2,885,625
|
|
|
|
|
|
|
|
37,584,497
|
|
Electric Utilities 2.2%
|
|
|
|
|
|
|
|
Dominion Resources, Inc., Series
D, 8.88%, 1/15/19 (c)
|
|
|
8,000
|
|
|
10,592,360
|
|
Progress Energy, Inc., 7.00%,
10/30/31
|
|
|
5,000
|
|
|
6,070,220
|
|
|
|
|
|
|
|
16,662,580
|
|
|
|
|
|
|
|
|
|
|
BLACKROCK CREDIT ALLOCATION INCOME TRUST IV, INC.
|
JULY 31, 2011
|
2
|
|
|
|
|
|
Schedule of Investments
(continued)
|
BlackRock Credit Allocation Income Trust IV, Inc. (BTZ)
|
(Percentages shown are based on Net Assets)
|
|
|
|
|
|
|
|
|
Corporate Bonds
|
|
Par
(000)
|
|
Value
|
|
Electronic
Equipment, Instruments
& Components 1.0%
|
|
|
|
|
|
|
|
Jabil Circuit, Inc., 8.25%,
3/15/18
|
|
$
|
2,000
|
|
$
|
2,295,000
|
|
NXP BV, 3.00%, 10/15/13
|
|
|
4,900
|
|
|
4,896,937
|
|
|
|
|
|
|
|
7,191,937
|
|
Energy
Equipment & Services 1.6%
|
|
|
|
|
|
|
|
Ensco Plc, 4.70%, 3/15/21
|
|
|
3,255
|
|
|
3,418,567
|
|
Frac Tech Services LLC, 7.13%,
11/15/18 (a)
|
|
|
1,795
|
|
|
1,871,288
|
|
Hornbeck Offshore Services, Inc.,
Series B, 6.13%, 12/01/14
|
|
|
2,695
|
|
|
2,695,000
|
|
Key Energy Services, Inc., 6.75%,
3/01/21
|
|
|
1,240
|
|
|
1,280,300
|
|
MEG Energy Corp., 6.50%,
3/15/21 (a)
|
|
|
1,580
|
|
|
1,643,200
|
|
Oil States International, Inc.,
6.50%, 6/01/19 (a)
|
|
|
835
|
|
|
851,700
|
|
SunCoke Energy, Inc., 7.63%,
8/01/19 (a)
|
|
|
320
|
|
|
328,000
|
|
|
|
|
|
|
|
12,088,055
|
|
Food &
Staples Retailing 1.6%
|
|
|
|
|
|
|
|
CVS Caremark Corp., 6.30%,
6/01/62 (b)
|
|
|
2,900
|
|
|
2,827,500
|
|
Wal-Mart Stores, Inc. (c):
|
|
|
|
|
|
|
|
5.25%, 9/01/35
|
|
|
2,650
|
|
|
2,773,633
|
|
6.20%, 4/15/38
|
|
|
5,225
|
|
|
6,162,929
|
|
|
|
|
|
|
|
11,764,062
|
|
Food
Products 0.9%
|
|
|
|
|
|
|
|
Blue Merger Sub, Inc., 7.63%,
2/15/19 (a)
|
|
|
710
|
|
|
730,412
|
|
JBS USA LLC, 7.25%, 6/01/21
(a)
|
|
|
250
|
|
|
246,875
|
|
Kraft Foods, Inc.:
|
|
|
|
|
|
|
|
6.50%, 8/11/17
|
|
|
1,985
|
|
|
2,384,779
|
|
6.13%, 8/23/18
|
|
|
1,990
|
|
|
2,351,812
|
|
Smithfield Foods, Inc., 10.00%,
7/15/14
|
|
|
668
|
|
|
780,725
|
|
|
|
|
|
|
|
6,494,603
|
|
Gas
Utilities 0.1%
|
|
|
|
|
|
|
|
Targa Resources Partners LP,
6.88%, 2/01/21 (a)
|
|
|
820
|
|
|
820,000
|
|
Health
Care Equipment & Supplies 0.8%
|
|
|
|
|
|
|
|
Boston Scientific Corp.:
|
|
|
|
|
|
|
|
4.50%, 1/15/15
|
|
|
0.00
|
|
|
0.00
|
|
6.40%, 6/15/16
|
|
|
0.00
|
|
|
0.00
|
|
5.13%, 1/12/17
|
|
|
0.00
|
|
|
0.00
|
|
Fresenius US Finance II, Inc.,
9.00%, 7/15/15 (a)
|
|
|
4,250
|
|
|
4,823,750
|
|
Teleflex, Inc., 6.88%,
6/01/19
|
|
|
815
|
|
|
839,450
|
|
|
|
|
|
|
|
5,663,200
|
|
Health
Care Providers & Services 3.8%
|
|
|
|
|
|
|
|
Aetna, Inc., 6.75%,
12/15/37 (c)
|
|
|
4,075
|
|
|
4,891,031
|
|
|
|
|
|
|
|
|
|
Corporate Bonds
|
|
Par
(000)
|
|
Value
|
|
Health
Care Providers & Services (concluded)
|
|
|
|
|
|
|
|
Aviv Healthcare Properties LP,
7.75%, 2/15/19 (a)
|
|
$
|
765
|
|
$
|
779,344
|
|
HCA, Inc.:
|
|
|
|
|
|
|
|
8.50%, 4/15/19
|
|
|
600
|
|
|
661,500
|
|
6.50%, 2/15/20 (f)
|
|
|
3,240
|
|
|
3,288,600
|
|
7.25%, 9/15/20
|
|
|
4,590
|
|
|
4,842,450
|
|
7.50%, 2/15/22 (f)
|
|
|
3,840
|
|
|
3,897,600
|
|
inVentiv Health, Inc., 10.00%,
8/15/18 (a)
|
|
|
840
|
|
|
819,000
|
|
Tenet Healthcare Corp.:
|
|
|
|
|
|
|
|
10.00%, 5/01/18
|
|
|
2,175
|
|
|
2,474,062
|
|
8.88%, 7/01/19
|
|
|
1,825
|
|
|
2,016,625
|
|
UnitedHealth Group, Inc., 6.88%,
2/15/38 (c)
|
|
|
4,075
|
|
|
4,932,392
|
|
|
|
|
|
|
|
28,602,604
|
|
Household
Durables 0.6%
|
|
|
|
|
|
|
|
Cemex Espana Luxembourg,
9.25%, 5/12/20 (a)
|
|
|
4,947
|
|
|
4,563,608
|
|
IT
Services 0.7%
|
|
|
|
|
|
|
|
Eagle Parent Canada, Inc., 8.63%,
5/01/19 (a)
|
|
|
1,910
|
|
|
1,833,600
|
|
First Data Corp. (a):
|
|
|
|
|
|
|
|
7.38%, 6/15/19
|
|
|
1,205
|
|
|
1,214,038
|
|
12.63%, 1/15/21
|
|
|
2,300
|
|
|
2,438,000
|
|
|
|
|
|
|
|
5,485,638
|
|
Independent
Power Producers &
Energy Traders 0.8%
|
|
|
|
|
|
|
|
AES Corp.:
|
|
|
|
|
|
|
|
9.75%, 4/15/16
|
|
|
1,620
|
|
|
1,854,900
|
|
7.38%, 7/01/21 (a)
|
|
|
705
|
|
|
729,675
|
|
Calpine Corp., 7.25%,
10/15/17 (a)
|
|
|
730
|
|
|
748,250
|
|
Energy Future Intermediate
Holding Co. LLC, 10.00%,
12/01/20
|
|
|
2,460
|
|
|
2,595,654
|
|
|
|
|
|
|
|
5,928,479
|
|
Insurance
6.0%
|
|
|
|
|
|
|
|
AXA SA, 6.46%, 12/29/49
(a)(b)(e)
|
|
|
6,000
|
|
|
4,980,000
|
|
Ace Capital Trust II, 9.70%,
4/01/30
|
|
|
4,000
|
|
|
5,325,656
|
|
Aon Corp., 8.21%, 1/01/27
|
|
|
4,000
|
|
|
4,656,080
|
|
American International
Group, Inc.:
|
|
|
|
|
|
|
|
6.40%, 12/15/20 (c)
|
|
|
2,800
|
|
|
3,071,905
|
|
8.18%, 5/15/68
|
|
|
1,300
|
|
|
1,417,000
|
|
The Dai-ichi Life Insurance Co. Ltd,
7.25%, 12/29/49 (a)(b)(e)
|
|
|
1,116
|
|
|
1,177,899
|
|
Fairfax Financial Holdings, Ltd.,
5.80%, 5/15/21 (a)
|
|
|
4,975
|
|
|
4,918,569
|
|
Genworth Financial, Inc., 7.63%,
9/24/21
|
|
|
1,615
|
|
|
1,542,325
|
|
Lincoln National Corp., 6.25%,
2/15/20 (c)
|
|
|
4,075
|
|
|
4,639,701
|
|
MPL 2 Acquisition Canco, Inc.,
9.88%, 8/15/18 (a)
|
|
|
790
|
|
|
791,975
|
|
|
|
|
|
|
|
|
|
|
BLACKROCK CREDIT ALLOCATION INCOME TRUST IV, INC.
|
JULY 31, 2011
|
3
|
|
|
|
|
|
Schedule of Investments
(continued)
|
BlackRock Credit Allocation Income Trust IV, Inc. (BTZ)
|
(Percentages shown are based on Net Assets)
|
|
|
|
|
|
|
|
|
Corporate Bonds
|
|
Par
(000)
|
|
Value
|
|
Insurance
(concluded)
|
|
|
|
|
|
|
|
Northwestern Mutual Life
Insurance, 6.06%,
3/30/40 (a)(c)
|
|
$
|
5,500
|
|
$
|
6,039,264
|
|
Principal Financial Group, Inc.,
8.88%, 5/15/19
|
|
|
1,145
|
|
|
1,484,821
|
|
Prudential Financial, Inc., 6.63%,
12/01/37 (c)
|
|
|
4,075
|
|
|
4,575,047
|
|
|
|
|
|
|
|
44,620,242
|
|
Life
Sciences Tools & Services 1.7%
|
|
|
|
|
|
|
|
Bio-Rad Laboratories, Inc., 8.00%,
9/15/16
|
|
|
5,480
|
|
|
6,130,750
|
|
INC Research LLC, 11.50%,
7/15/19 (a)
|
|
|
1,155
|
|
|
1,155,000
|
|
Life Technologies Corp., 6.00%,
3/01/20
|
|
|
4,800
|
|
|
5,400,922
|
|
|
|
|
|
|
|
12,686,672
|
|
Machinery
0.9%
|
|
|
|
|
|
|
|
Ingersoll-Rand Global Holding Co.,
Ltd., 9.50%, 4/15/14
|
|
|
4,075
|
|
|
4,900,253
|
|
Navistar International Corp.,
8.25%, 11/01/21
|
|
|
1,515
|
|
|
1,647,562
|
|
|
|
|
|
|
|
6,547,815
|
|
Media
7.8%
|
|
|
|
|
|
|
|
AMC Networks, Inc., 7.75%,
7/15/21 (a)
|
|
|
1,375
|
|
|
1,447,187
|
|
CCH II LLC, 13.50%,
11/30/16
|
|
|
3,851
|
|
|
4,544,180
|
|
CSC Holdings LLC:
|
|
|
|
|
|
|
|
8.50%, 6/15/15
|
|
|
2,300
|
|
|
2,484,000
|
|
8.63%, 2/15/19
|
|
|
1,950
|
|
|
2,232,750
|
|
Cengage Learning Acquisitions,
Inc., 10.50%, 1/15/15 (a)(f)
|
|
|
2,635
|
|
|
2,252,925
|
|
Comcast Corp., 6.30%,
11/15/17 (c)
|
|
|
4,075
|
|
|
4,824,796
|
|
Cox Communications, Inc., 8.38%,
3/01/39 (a)
|
|
|
4,075
|
|
|
5,604,947
|
|
DIRECTV Holdings, LLC, 5.00%,
3/01/21
|
|
|
4,150
|
|
|
4,428,706
|
|
DISH DBS Corp., 7.00%, 10/01/13
|
|
|
1,950
|
|
|
2,101,125
|
|
Gannett Co., Inc., 9.38%,
11/15/17
|
|
|
3,100
|
|
|
3,448,750
|
|
Intelsat Bermuda Ltd.:
|
|
|
|
|
|
|
|
11.25%, 2/04/17
|
|
|
580
|
|
|
620,600
|
|
11.50%, 2/04/17 (a)(d)
|
|
|
430
|
|
|
462,250
|
|
11.50%, 2/04/17 (d)
|
|
|
550
|
|
|
591,250
|
|
Kabel BW Erste Beteiligungs
GmbH, 7.50%, 3/15/19 (a)
|
|
|
1,760
|
|
|
1,812,800
|
|
News America, Inc., 6.15%,
3/01/37
|
|
|
4,850
|
|
|
4,870,268
|
|
Time Warner Cable, Inc., 6.75%,
6/15/39
|
|
|
4,675
|
|
|
5,358,060
|
|
Time Warner, Inc., 7.70%,
5/01/32
|
|
|
4,900
|
|
|
6,133,604
|
|
Unitymedia Hessen GmbH & Co.
KG, 8.13%, 12/01/17 (a)
|
|
|
1,225
|
|
|
1,316,875
|
|
|
|
|
|
|
|
|
|
Corporate Bonds
|
|
Par
(000)
|
|
Value
|
|
Media
(concluded)
|
|
|
|
|
|
|
|
Virgin Media Secured Finance Plc,
6.50%, 1/15/18
|
|
$
|
3,175
|
|
$
|
3,492,500
|
|
|
|
|
|
|
|
58,027,573
|
|
Metals
& Mining 2.3%
|
|
|
|
|
|
|
|
Alcoa, Inc., 5.40%, 4/15/21
(c)
|
|
|
4,090
|
|
|
4,251,551
|
|
Barrick Gold Corp., 2.90%,
5/30/16 (a)(c)
|
|
|
1,925
|
|
|
1,982,942
|
|
Barrick North America Finance
LLC, 5.70%, 5/30/41 (a)
|
|
|
2,275
|
|
|
2,338,761
|
|
Freeport-McMoRan Corp., 7.13%,
11/01/27
|
|
|
3,500
|
|
|
3,851,932
|
|
JMC Steel Group, 8.25%,
3/15/18 (a)
|
|
|
280
|
|
|
290,500
|
|
Novelis, Inc., 8.75%,
12/15/20
|
|
|
1,710
|
|
|
1,902,375
|
|
Teck Resources Ltd., 10.75%,
5/15/19
|
|
|
2,000
|
|
|
2,545,000
|
|
United States Steel Corp., 7.38%,
4/01/20
|
|
|
290
|
|
|
301,238
|
|
|
|
|
|
|
|
17,464,299
|
|
Multi-Utilities
1.2%
|
|
|
|
|
|
|
|
CenterPoint Energy, Inc.:
|
|
|
|
|
|
|
|
5.95%, 2/01/17
|
|
|
3,600
|
|
|
4,117,021
|
|
6.50%, 5/01/18
|
|
|
3,950
|
|
|
4,644,995
|
|
|
|
|
|
|
|
8,762,016
|
|
Multiline
Retail 1.6%
|
|
|
|
|
|
|
|
JC Penney Co., Inc., 5.65%,
6/01/20
|
|
|
12,400
|
|
|
12,276,000
|
|
Oil, Gas
& Consumable Fuels 10.2%
|
|
|
|
|
|
|
|
Alpha Natural Resources,
Inc.:
|
|
|
|
|
|
|
|
6.00%, 6/01/19
|
|
|
535
|
|
|
551,719
|
|
6.25%, 6/01/21
|
|
|
1,245
|
|
|
1,288,575
|
|
Anadarko Petroleum Corp.:
|
|
|
|
|
|
|
|
5.95%, 9/15/16
|
|
|
1,686
|
|
|
1,943,730
|
|
6.38%, 9/15/17
|
|
|
52
|
|
|
61,300
|
|
Arch Coal, Inc. (a):
|
|
|
|
|
|
|
|
7.00%, 6/15/19 (f)
|
|
|
370
|
|
|
387,575
|
|
7.25%, 6/15/21
|
|
|
1,195
|
|
|
1,254,750
|
|
BP Capital Markets Plc (c):
|
|
|
|
|
|
|
|
5.25%, 11/07/13
|
|
|
2,100
|
|
|
2,282,032
|
|
3.88%, 3/10/15
|
|
|
3,085
|
|
|
3,319,830
|
|
Buckeye Partners LP, 4.88%,
2/01/21
|
|
|
1,650
|
|
|
1,729,480
|
|
Chesapeake Energy Corp., 6.13%,
2/15/21
|
|
|
5,745
|
|
|
6,003,525
|
|
Consol Energy, Inc., 6.38%,
3/01/21 (a)
|
|
|
1,385
|
|
|
1,398,850
|
|
Copano Energy LLC, 7.13%,
4/01/21
|
|
|
930
|
|
|
953,250
|
|
Denbury Resources, Inc., 6.38%,
8/15/21
|
|
|
955
|
|
|
983,650
|
|
Enbridge Energy Partners LP,
9.88%, 3/01/19
|
|
|
2,425
|
|
|
3,271,989
|
|
|
|
|
|
|
|
|
|
|
BLACKROCK CREDIT ALLOCATION INCOME TRUST IV, INC.
|
JULY 31, 2011
|
4
|
|
|
|
|
|
Schedule of Investments
(continued)
|
BlackRock Credit Allocation Income Trust IV, Inc. (BTZ)
|
(Percentages shown are based on Net Assets)
|
|
|
|
|
|
|
|
|
Corporate Bonds
|
|
Par
(000)
|
|
Value
|
|
Oil, Gas
& Consumable Fuels (concluded)
|
|
|
|
|
|
|
|
Energy XXI Gulf Coast, Inc., 7.75%,
6/15/19
|
|
$
|
1,700
|
|
$
|
1,714,875
|
|
Enterprise Products Operating LLC,
6.65%, 4/15/18
|
|
|
4,800
|
|
|
5,679,168
|
|
Forest Oil Corp.:
|
|
|
|
|
|
|
|
8.50%, 2/15/14
|
|
|
310
|
|
|
337,125
|
|
7.25%, 6/15/19
|
|
|
515
|
|
|
535,600
|
|
Hilcorp Energy I LP, 7.75%,
11/01/15 (a)
|
|
|
1,175
|
|
|
1,213,188
|
|
Kinder Morgan Energy Partners LP,
6.85%, 2/15/20
|
|
|
4,800
|
|
|
5,733,528
|
|
Linn Energy LLC, 7.75%, 2/01/21 (a)
|
|
|
1,740
|
|
|
1,853,100
|
|
Marathon Petroleum Corp., 3.50%,
3/01/16 (a)
|
|
|
2,250
|
|
|
2,342,837
|
|
OGX Petroleo e Gas Participacoes
SA, 8.50%, 6/01/18 (a)
|
|
|
1,950
|
|
|
2,055,300
|
|
ONEOK Partners LP, 8.63%,
3/01/19
|
|
|
4,075
|
|
|
5,295,450
|
|
Oasis Petroleum, Inc., 7.25%,
2/01/19 (a)
|
|
|
625
|
|
|
643,750
|
|
Petrobras International Finance
Co., 3.88%, 1/27/16
|
|
|
6,150
|
|
|
6,377,286
|
|
Petrohawk Energy Corp.:
|
|
|
|
|
|
|
|
10.50%, 8/01/14
|
|
|
1,020
|
|
|
1,160,250
|
|
6.25%, 6/01/19 (a)
|
|
|
1,180
|
|
|
1,367,325
|
|
Plains Exploration & Production Co.:
|
|
|
|
|
|
|
|
7.75%, 6/15/15
|
|
|
1,300
|
|
|
1,348,750
|
|
10.00%, 3/01/16
|
|
|
700
|
|
|
791,000
|
|
Precision Drilling Corp., 6.50%,
12/15/21 (a)
|
|
|
450
|
|
|
459,000
|
|
Premier Oil, 5.00%, 5/10/18
|
|
|
5,650
|
|
|
5,805,375
|
|
Range Resources Corp., 6.75%,
8/01/20
|
|
|
1,415
|
|
|
1,545,888
|
|
SM Energy Co., 6.63%,
2/15/19 (a)
|
|
|
795
|
|
|
818,850
|
|
SandRidge Energy, Inc., 7.50%,
3/15/21 (a)
|
|
|
1,200
|
|
|
1,260,000
|
|
Western Gas Partners LP, 5.38%,
6/01/21
|
|
|
2,525
|
|
|
2,688,443
|
|
|
|
|
|
|
|
76,456,343
|
|
Paper & Forest Products 2.6%
|
|
|
|
|
|
|
|
Georgia-Pacific LLC, 8.25%,
5/01/16 (a)
|
|
|
3,955
|
|
|
4,501,696
|
|
International Paper Co.:
|
|
|
|
|
|
|
|
7.50%, 8/15/21 (c)
|
|
|
3,950
|
|
|
4,825,537
|
|
8.70%, 6/15/38
|
|
|
3,100
|
|
|
4,044,170
|
|
7.30%, 11/15/39
|
|
|
4,075
|
|
|
4,682,717
|
|
Longview Fibre Paper & Packaging,
Inc., 8.00%, 6/01/16 (a)
|
|
|
545
|
|
|
558,625
|
|
Verso Paper Holdings LLC,
11.50%, 7/01/14
|
|
|
590
|
|
|
626,875
|
|
|
|
|
|
|
|
19,239,620
|
|
Pharmaceuticals 6.2%
|
|
|
|
|
|
|
|
Bristol-Myers Squibb Co., 5.88%,
11/15/36 (c)
|
|
|
3,549
|
|
|
4,090,215
|
|
|
|
|
|
|
|
|
|
Corporate
Bonds
|
|
Par
(000)
|
|
Value
|
|
Pharmaceuticals (concluded)
|
|
|
|
|
|
|
|
GlaxoSmithKline Capital, Inc.,
6.38%, 5/15/38 (c)
|
|
$
|
10,100
|
|
$
|
12,226,939
|
|
Merck & Co., Inc. (c):
|
|
|
|
|
|
|
|
6.50%, 12/01/33
|
|
|
2,885
|
|
|
3,549,015
|
|
6.55%, 9/15/37
|
|
|
6,945
|
|
|
8,590,534
|
|
Pfizer, Inc., 7.20%, 3/15/39 (c)
|
|
|
10,000
|
|
|
13,279,770
|
|
Valeant Pharmaceuticals
International, 6.50%,
7/15/16 (a)
|
|
|
450
|
|
|
441,000
|
|
Watson Pharmaceuticals, Inc.,
6.13%, 8/15/19
|
|
|
3,495
|
|
|
4,065,321
|
|
|
|
|
|
|
|
46,242,794
|
|
Real
Estate Investment Trusts
(REITs) 2.5%
|
|
|
|
|
|
|
|
AvalonBay Communities, Inc.,
6.10%, 3/15/20
|
|
|
4,075
|
|
|
4,660,439
|
|
Developers Diversified Realty Corp.:
|
|
|
|
|
|
|
|
4.75%, 4/15/18
|
|
|
1,025
|
|
|
1,039,393
|
|
7.88%, 9/01/20
|
|
|
1,325
|
|
|
1,567,949
|
|
ERP Operating LP, 5.75%,
6/15/17
|
|
|
4,080
|
|
|
4,623,652
|
|
HCP, Inc., 5.38%, 2/01/21
|
|
|
1,675
|
|
|
1,793,513
|
|
UDR, Inc., 4.25%, 6/01/18
|
|
|
2,675
|
|
|
2,716,843
|
|
Ventas Realty LP, 4.75%, 6/01/21
|
|
|
1,880
|
|
|
1,908,920
|
|
|
|
|
|
|
|
18,310,709
|
|
Real
Estate Management &
Development 0.2%
|
|
|
|
|
|
|
|
Realogy Corp., 7.88%, 2/15/19 (a)
|
|
|
980
|
|
|
965,300
|
|
Shea Homes LP, 8.63%,
5/15/19 (a)
|
|
|
415
|
|
|
413,963
|
|
|
|
|
|
|
|
1,379,263
|
|
Road & Rail 1.6%
|
|
|
|
|
|
|
|
Avis Budget Car Rental LLC,
8.25%, 1/15/19
|
|
|
1,080
|
|
|
1,113,750
|
|
Florida East Coast Railway Corp.,
8.13%, 2/01/17 (a)
|
|
|
320
|
|
|
336,000
|
|
The Hertz Corp., 6.75%,
4/15/19 (a)
|
|
|
1,554
|
|
|
1,554,000
|
|
Norfolk Southern Corp., 6.00%,
3/15/05
|
|
|
8,500
|
|
|
8,735,620
|
|
|
|
|
|
|
|
11,739,370
|
|
Semiconductors
& Semiconductor
Equipment 0.5%
|
|
|
|
|
|
|
|
Advanced Micro Devices, Inc.,
7.75%, 8/01/20
|
|
|
1,300
|
|
|
1,368,250
|
|
KLA-Tencor Corp., 6.90%, 5/01/18
|
|
|
2,208
|
|
|
2,540,401
|
|
|
|
|
|
|
|
3,908,651
|
|
Specialty Retail 1.2%
|
|
|
|
|
|
|
|
Academy Ltd., 9.25%,
8/01/19 (a)(f)
|
|
|
1,115
|
|
|
1,131,725
|
|
AutoNation, Inc., 6.75%, 4/15/18
|
|
|
2,775
|
|
|
2,983,125
|
|
Best Buy Co., Inc., 5.50%,
3/15/21
|
|
|
2,450
|
|
|
2,467,473
|
|
|
|
|
|
|
|
BLACKROCK CREDIT ALLOCATION
INCOME TRUST IV, INC.
|
JULY 31, 2011
|
5
|
|
|
|
|
|
Schedule of Investments
(continued)
|
BlackRock Credit Allocation Income Trust IV, Inc. (BTZ)
|
(Percentages shown are based on Net Assets)
|
|
|
|
|
|
|
|
|
Corporate Bonds
|
|
Par
(000)
|
|
Value
|
|
Specialty
Retail (concluded)
|
|
|
|
|
|
|
|
Claires Escrow Corp., 8.88%,
3/15/19 (a)
|
|
$
|
770
|
|
$
|
723,800
|
|
Limited Brands, Inc., 7.00%,
5/01/20
|
|
|
1,370
|
|
|
1,455,625
|
|
|
|
|
|
|
|
8,761,748
|
|
Tobacco 2.9%
|
|
|
|
|
|
|
|
Altria Group, Inc.:
|
|
|
|
|
|
|
|
9.70%, 11/10/18
|
|
|
4,075
|
|
|
5,492,566
|
|
9.25%, 8/06/19
|
|
|
4,780
|
|
|
6,379,106
|
|
10.20%, 2/06/39
|
|
|
6,607
|
|
|
9,875,113
|
|
|
|
|
|
|
|
21,746,785
|
|
Wireless
Telecommunication
Services 2.4%
|
|
|
|
|
|
|
|
American Tower Corp., 4.50%,
1/15/18
|
|
|
3,200
|
|
|
3,330,544
|
|
Cricket Communications, Inc.,
7.75%, 5/15/16
|
|
|
780
|
|
|
831,675
|
|
Crown Castle Towers LLC (a):
|
|
|
|
|
|
|
|
5.50%, 1/15/37
|
|
|
1,975
|
|
|
2,158,837
|
|
6.11%, 1/15/40
|
|
|
2,330
|
|
|
2,601,951
|
|
Intelsat Jackson Holdings SA (a):
|
|
|
|
|
|
|
|
7.25%, 4/01/19
|
|
|
320
|
|
|
324,000
|
|
7.50%, 4/01/21
|
|
|
1,020
|
|
|
1,035,300
|
|
Nextel Communications, Inc.,
Series E, 6.88%, 10/31/13
|
|
|
1,040
|
|
|
1,044,550
|
|
SBA Tower Trust, 5.10%,
4/15/17 (a)
|
|
|
6,250
|
|
|
6,484,375
|
|
|
|
|
|
|
|
17,811,232
|
|
Total Corporate Bonds 107.8%
|
|
|
|
|
|
803,823,320
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Preferred
Securities
|
|
|
|
|
|
|
|
Capital Trusts
|
|
|
|
|
|
|
|
Capital Markets 3.5%
|
|
|
|
|
|
|
|
Credit Suisse Guernsey Ltd.,
5.86% (b)(e)
|
|
|
1,050
|
|
|
976,500
|
|
State Street Capital Trust III,
5.24% (b)(e)
|
|
|
1,740
|
|
|
1,739,426
|
|
State Street Capital Trust IV,
1.25%, 6/01/77 (b)
|
|
|
28,195
|
|
|
23,162,503
|
|
|
|
|
|
|
|
25,878,429
|
|
Commercial Banks 4.7%
|
|
|
|
|
|
|
|
ABN AMRO North America Holding
Preferred Capital Repackaging
Trust I, 6.52% (a)(b)(e)
|
|
|
5,600
|
|
|
5,124,000
|
|
BB&T Capital Trust IV, 6.82%,
6/12/77 (b)
|
|
|
15,300
|
|
|
15,491,250
|
|
|
|
|
|
|
|
|
|
Capital
Trusts
|
|
Par
(000)
|
|
Value
|
|
Commercial Banks (concluded)
|
|
|
|
|
|
|
|
Barclays Bank Plc, 7.43% (a)(b)(e)
|
|
|
1,100
|
|
|
1,102,750
|
|
HSBC Capital Funding LP/Jersey
Channel Islands, 10.18% (a)(b)(c)(e)
|
|
$
|
7,000
|
|
$
|
9,100,000
|
|
National City Preferred Capital Trust I,
12.00% (b)(e)
|
|
|
3,713
|
|
|
4,055,524
|
|
|
|
|
|
|
|
34,873,524
|
|
Diversified Financial Services 3.9%
|
|
|
|
|
|
|
|
ING Capital Funding Trust III,
3.85% (b)(e)
|
|
|
2,950
|
|
|
2,759,268
|
|
JPMorgan Chase Capital XXI,
Series U, 1.20%, 2/02/37 (b)
|
|
|
12,875
|
|
|
10,331,814
|
|
JPMorgan Chase Capital XXIII,
1.26%, 5/15/77 (b)
|
|
|
20,695
|
|
|
16,166,499
|
|
|
|
|
|
|
|
29,257,581
|
|
Electric Utilities 0.5%
|
|
|
|
|
|
|
|
PPL Capital Funding, 6.70%,
3/30/67 (b)
|
|
|
3,900
|
|
|
3,843,450
|
|
Insurance 4.4%
|
|
|
|
|
|
|
|
American General Capital II,
8.50%, 7/01/30
|
|
|
300
|
|
|
330,000
|
|
Chubb Corp., 6.38%, 3/29/67 (b)(c)
|
|
|
4,000
|
|
|
4,130,000
|
|
Liberty Mutual Group, Inc.,
10.75%, 6/15/88 (a)(b)
|
|
|
4,000
|
|
|
5,290,000
|
|
Lincoln National Corp., 7.00%,
5/17/66 (b)
|
|
|
4,255
|
|
|
4,297,550
|
|
MetLife, Inc., 6.40%, 12/15/66
|
|
|
4,550
|
|
|
4,509,214
|
|
Reinsurance Group of America,
6.75%, 12/15/65 (b)
|
|
|
7,000
|
|
|
6,799,625
|
|
Swiss Re Capital I LP, 6.85%, (a)(b)(e)
|
|
|
3,000
|
|
|
2,941,281
|
|
UBS Preferred Funding Trust V,
6.50%, 5/15/57
|
|
|
4,000
|
|
|
3,920,000
|
|
ZFS Finance (USA) Trust IV, 5.88%,
5/09/62 (a)(b)
|
|
|
599
|
|
|
604,169
|
|
|
|
|
|
|
|
32,821,839
|
|
Oil, Gas & Consumable Fuels 1.2%
|
|
|
|
|
|
|
|
Enterprise Products Operating LLC,
8.38%, 8/01/66 (b)
|
|
|
4,500
|
|
|
4,893,750
|
|
TransCanada PipeLines Ltd.,
6.35%, 5/15/67 (b)
|
|
|
4,000
|
|
|
4,097,212
|
|
|
|
|
|
|
|
8,990,962
|
|
Total Capital Trusts 18.2%
|
|
|
|
|
|
135,665,785
|
|
|
|
|
|
|
|
|
|
BLACKROCK CREDIT ALLOCATION
INCOME TRUST IV, INC.
|
JULY 31, 2011
|
6
|
|
|
|
Schedule of Investments
(continued)
|
BlackRock Credit Allocation Income Trust IV, Inc. (BTZ)
(Percentages shown are based on Net Assets)
|
|
|
|
|
|
|
|
|
Preferred Stocks
|
|
Shares
|
|
Value
|
|
Auto Components 0.1%
|
|
|
|
|
|
|
|
Dana Holding Corp., 4.00% (a)
|
|
|
7,000
|
|
$
|
1,008,000
|
|
Commercial Banks 0.2%
|
|
|
|
|
|
|
|
SG Preferred Capital II, 6.30% (a)
|
|
|
2,000
|
|
|
1,968,125
|
|
Diversified Financial Services 0.4%
|
|
|
|
|
|
|
|
Ally Financial, Inc., 7.00% (a)
|
|
|
3,130
|
|
|
2,843,605
|
|
Real
Estate Investment Trusts
(REITs) 1.1%
|
|
|
|
|
|
|
|
Sovereign Real Estate Investment
Trust, 12.00% (a)
|
|
|
7,000
|
|
|
8,263,850
|
|
Thrifts & Mortgage Finance 0.0%
|
|
|
|
|
|
|
|
Fannie Mae, Series S, 8.25% (g)
|
|
|
23,000
|
|
|
54,740
|
|
Freddie Mac, Series Z, 8.38% (g)
|
|
|
23,000
|
|
|
66,700
|
|
|
|
|
|
|
|
121,440
|
|
Wireless
Telecommunication
Services 1.6%
|
|
|
|
|
|
|
|
Centaur Funding Corp., 9.08%
|
|
|
10,000
|
|
|
11,668,750
|
|
Total Preferred Stocks 3.4%
|
|
|
|
|
|
25,873,770
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Trust Preferreds
|
|
|
|
|
|
|
|
Diversified Financial Services 0.4%
|
|
|
|
|
|
|
|
GMAC Capital Trust I, Series 2,
8.13%, 2/15/40 (b)
|
|
|
2,743
|
|
|
2,810,514
|
|
Total Trust Preferreds 0.4%
|
|
|
|
|
|
2,810,514
|
|
Total Preferred Securities 22.0%
|
|
|
|
|
|
164,350,069
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Taxable
Municipal Bonds
|
|
Par
(000
)
|
|
|
|
|
City of Chicago Illinois, RB, 6.85%,
1/01/38
|
|
$
|
5,000
|
|
|
5,269,100
|
|
Metropolitan Transportation
Authority, RB, 6.55%, 11/15/31
|
|
|
4,075
|
|
|
4,582,134
|
|
State of California, GO, Build
America Bonds, 7.35%,
11/01/39
|
|
|
2,050
|
|
|
2,478,839
|
|
Total Taxable Municipal Bonds 1.6%
|
|
|
|
|
|
12,330,073
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Government Sponsored
Agency Securities
|
|
Par
(000)
|
|
Value
|
|
Agency Obligations 0.3%
|
|
|
|
|
|
|
|
Fannie Mae, 10/09/19
|
|
$
|
2,765
|
|
$
|
1,998,661
|
|
Total U.S. Government Sponsored
Agency Securities 0.3%
|
|
|
|
|
|
1,998,661
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S.
Treasury Obligations
|
|
|
|
|
|
|
|
US Treasury Note, 4.75%,
2/15/41 (c)
|
|
|
4,505
|
|
|
4,989,990
|
|
Total U.S. Treasury Obligations 0.7%
|
|
|
|
|
|
4,989,990
|
|
Total
Long-Term Investments
(Cost $967,560,918) 133.4%
|
|
|
|
|
|
995,214,610
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Short-Term
Securities
|
|
Shares
|
|
|
|
|
BlackRock Liquidity Funds, TempFund,
Institutional Class, 0.05% (c)(d)
|
|
|
358
|
|
|
358
|
|
Total
Short-Term Securities
(Cost $358) 0.0%
|
|
|
|
|
|
358
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Options
Purchased
|
|
Contracts
|
|
|
|
|
Over-the-Counter Put Options 0.1%
|
|
|
|
|
|
|
|
S&P 500 Index, Strike Price USD
1,250, Expires 9/17/11, Broker
Credit Suisse International
|
|
|
196
|
|
|
511,560
|
|
Total
Options Purchased
(Cost $946,680) 0.1%
|
|
|
|
|
|
511,560
|
|
Total
Investments Before Outstanding
Options Written
(Cost $968,530,733*) 133.5%
|
|
|
|
|
|
995,726,528
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Options
Written
|
|
Notional
Amount
(000
)
|
|
|
|
|
Over-the-Counter Call Swaptions (0.4)%
|
|
|
|
|
|
|
|
Pay a fixed rate of 4.06% and receive
a floating rate based on 3-month
LIBOR, Expires 4/16/12, Broker
Deutsche Bank AG
|
|
$
|
13,000
|
|
|
(1,060,478
|
)
|
Pay a fixed rate of 4.75% and receive
a floating rate based on 3-month
LIBOR, Expires 3/24/14, Broker
Citibank NA
|
|
|
17,000
|
|
|
(1,602,241
|
)
|
|
|
|
|
|
|
(2,662,719
|
)
|
|
|
|
|
|
|
BLACKROCK CREDIT ALLOCATION
INCOME TRUST IV, INC.
|
JULY 31, 2011
|
7
|
|
|
|
Schedule of Investments
(continued)
|
BlackRock Credit Allocation Income Trust IV, Inc. (BTZ)
|
|
(Percentages shown are based on Net Assets)
|
|
|
|
|
|
|
|
|
|
|
Options Written
|
|
Notional
Amount
(000)
|
|
Value
|
|
Over-the-Counter Put Swaptions (0.1)%
|
|
|
|
|
|
|
|
Receive a fixed rate of 4.06% and
pay a floating rate based on the 3-
month LIBOR, Expires 4/16/12,
Broker Deutsche Bank AG
|
|
$
|
13,000
|
|
$
|
(129,266
|
)
|
Receive a fixed rate of 4.75% and
pay a floating rate based on 3-
month LIBOR, Expires 3/24/14,
Broker Citibank NA
|
|
|
17,000
|
|
|
(669,395
|
)
|
Sold credit default protection on Dow
Jones CDX North America
Investment Grade Series 16, Strike
Price USD 120, Expires 09/21/11,
Broker Credit Suisse International
|
|
|
245,000
|
|
|
(371,631
|
)
|
|
|
|
|
|
|
(1,170,292
|
)
|
Total
Options Written
(Premiums Received $3,805,700) (0.5)%
|
|
|
|
|
|
(3,833,011
|
)
|
Total
Investments, Net of Outstanding
Options Written 133.0%
|
|
|
|
|
|
991,893,517
|
|
Liabilities in Excess of Other Assets (33.0)%
|
|
|
|
|
|
(246,230,992
|
)
|
Net Assets 100.0%
|
|
|
|
|
$
|
745,662,525
|
|
|
|
*
|
The cost and unrealized
appreciation (depreciation) of investments as of July 31, 2011, as computed
for federal income tax purposes, were as follows:
|
|
|
|
|
|
Aggregate cost
|
|
$
|
967,827,503
|
|
Gross unrealized
appreciation
|
|
$
|
44,424,767
|
|
Gross unrealized
depreciation
|
|
|
(16,525,742
|
)
|
Net unrealized appreciation
|
|
$
|
27,899,025
|
|
|
|
(a)
|
Security exempt from
registration under Rule 144A of the Securities Act of 1933. These securities
may be resold in transactions exempt from registration to qualified
institutional investors.
|
(b)
|
Variable rate security. Rate
shown is as of report date.
|
(c)
|
All or a portion of
security has been pledged as collateral in connection with open reverse
repurchase agreements.
|
(d)
|
Represents a
payment-in-kind security which may pay interest/dividends in additional
par/shares.
|
(e)
|
Security is perpetual in
nature and has no stated maturity date.
|
(f)
|
When-issued security.
Unsettled when-issued transactions were as follows:
|
|
|
|
|
|
|
|
|
Counterparty
|
|
Value
|
|
Unrealized
Appreciation
(Depreciation)
|
|
Credit Suisse Securities
|
|
$
|
1,409,819
|
|
$
|
13,945
|
|
Deutsche Bank Securities
|
|
$
|
387,575
|
|
$
|
(925
|
)
|
Morgan Stanley Co., Inc.
|
|
$
|
2,252,925
|
|
$
|
(411,482
|
)
|
JPMorgan Securities
|
|
$
|
7,186,200
|
|
$
|
106,200
|
|
|
|
(g)
|
Non-income producing
security.
|
|
|
|
Investments in companies
considered to be an affiliate of the Trust during the period, for purposes of
Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as
follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Affiliate
|
|
Shares
Held at
October 31,
2010
|
|
Net
Activity
|
|
Shares
Held at
July, 31
2011
|
|
Income
|
|
BlackRock
Liquidity
Funds,
TempFund,
Institutional
Class
|
|
|
26,924,664
|
|
|
(26,924,306
|
)
|
|
358
|
|
$
|
23,493
|
|
|
|
|
For Trust compliance
purposes, the Trusts industry classifications refer to any one or more of
the industry sub-classifications used by one or more widely recognized market
indexes or rating group indexes, and/or as defined by Trust management. This
definition may not apply for purposes of this report, which may combine such
industry sub-classifications for reporting ease.
|
|
|
|
|
|
|
BLACKROCK CREDIT ALLOCATION
INCOME TRUST IV, INC.
|
JULY 31, 2011
|
8
|
|
|
|
|
Schedule of Investments
(continued)
|
BlackRock Credit Allocation Income Trust
IV, Inc. (BTZ)
|
|
|
|
Reverse
repurchase agreements outstanding as of July 31, 2011 were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Counterparty
|
|
Interest
Rate
|
|
Trade
Date
|
|
Maturity
Date
1
|
|
Net Closing
Amount
|
|
Face
Amount
|
|
Credit Suisse Securities
(USA), LLC
|
|
0.35%
|
|
4/11/11
|
|
Open
|
|
$
|
3,361,624
|
|
$
|
3,358,000
|
|
Credit Suisse Securities
(USA), LLC
|
|
0.35%
|
|
4/12/11
|
|
Open
|
|
|
5,122,941
|
|
|
5,117,468
|
|
Credit Suisse Securities
(USA), LLC
|
|
0.35%
|
|
4/13/11
|
|
Open
|
|
|
4,380,168
|
|
|
4,375,531
|
|
Barclays Capital, Inc.
|
|
0.35%
|
|
4/14/11
|
|
Open
|
|
|
4,702,808
|
|
|
4,697,875
|
|
UBS AG
|
|
0.38%
|
|
4/18/11
|
|
Open
|
|
|
5,492,273
|
|
|
5,486,250
|
|
Deutsche Bank Securities
Inc.
|
|
0.35%
|
|
4/21/11
|
|
Open
|
|
|
4,405,322
|
|
|
4,401,000
|
|
Deutsche Bank Securities
Inc.
|
|
0.35%
|
|
4/29/11
|
|
Open
|
|
|
1,671,010
|
|
|
1,669,500
|
|
UBS AG
|
|
0.35%
|
|
4/29/11
|
|
Open
|
|
|
5,239,233
|
|
|
5,234,500
|
|
BNP Paribas
|
|
0.39%
|
|
5/10/11
|
|
Open
|
|
|
3,191,179
|
|
|
3,188,347
|
|
Credit Suisse Securities
(USA), LLC
|
|
0.35%
|
|
5/10/11
|
|
Open
|
|
|
3,400,634
|
|
|
3,397,925
|
|
UBS AG
|
|
0.38%
|
|
5/10/11
|
|
Open
|
|
|
23,916,133
|
|
|
23,895,450
|
|
UBS AG
|
|
0.38%
|
|
5/18/11
|
|
Open
|
|
|
5,644,405
|
|
|
5,640,000
|
|
UBS AG
|
|
0.38%
|
|
5/19/11
|
|
Open
|
|
|
2,998,309
|
|
|
2,996,000
|
|
Credit Suisse Securities
(USA), LLC
|
|
0.40%
|
|
5/19/11
|
|
Open
|
|
|
2,101,703
|
|
|
2,100,000
|
|
Credit Suisse Securities
(USA), LLC
|
|
0.40%
|
|
5/20/11
|
|
Open
|
|
|
10,361,658
|
|
|
10,353,375
|
|
UBS AG
|
|
0.35%
|
|
5/31/11
|
|
Open
|
|
|
15,263,797
|
|
|
15,254,750
|
|
UBS AG
|
|
0.38%
|
|
5/31/11
|
|
Open
|
|
|
12,307,920
|
|
|
12,300,000
|
|
UBS AG
|
|
0.35%
|
|
6/09/11
|
|
Open
|
|
|
14,895,026
|
|
|
14,887,500
|
|
UBS AG
|
|
0.38%
|
|
6/10/11
|
|
Open
|
|
|
15,899,580
|
|
|
15,891,025
|
|
UBS AG
|
|
0.38%
|
|
6/14/11
|
|
Open
|
|
|
7,181,061
|
|
|
7,177,500
|
|
Credit Suisse Securities
(USA), LLC
|
|
0.35%
|
|
6/15/11
|
|
Open
|
|
|
9,484,865
|
|
|
9,480,625
|
|
UBS AG
|
|
0.38%
|
|
6/15/11
|
|
Open
|
|
|
15,056,151
|
|
|
15,048,844
|
|
BNP Paribas
|
|
0.35%
|
|
6/17/11
|
|
Open
|
|
|
2,064,883
|
|
|
2,064,000
|
|
UBS AG
|
|
0.37%
|
|
6/22/11
|
|
Open
|
|
|
8,251,244
|
|
|
8,247,938
|
|
UBS AG
|
|
0.40%
|
|
6/22/11
|
|
Open
|
|
|
4,610,822
|
|
|
4,608,825
|
|
Deutsche Bank Securities
Inc.
|
|
0.35%
|
|
6/27/11
|
|
Open
|
|
|
2,205,729
|
|
|
2,205,000
|
|
UBS AG
|
|
0.37%
|
|
6/27/11
|
|
Open
|
|
|
5,201,817
|
|
|
5,200,000
|
|
Deutsche Bank Securities
Inc.
|
|
0.38%
|
|
6/28/11
|
|
Open
|
|
|
1,154,842
|
|
|
1,154,440
|
|
UBS AG
|
|
0.35%
|
|
6/28/11
|
|
Open
|
|
|
1,858,221
|
|
|
1,857,625
|
|
UBS AG
|
|
0.38%
|
|
6/29/11
|
|
Open
|
|
|
6,564,717
|
|
|
6,562,500
|
|
UBS AG
|
|
0.31%
|
|
6/30/11
|
|
Open
|
|
|
4,155,171
|
|
|
4,154,062
|
|
BNP Paribas
|
|
0.35%
|
|
7/01/11
|
|
Open
|
|
|
4,581,636
|
|
|
4,580,300
|
|
Credit Suisse Securities
(USA), LLC
|
|
0.35%
|
|
7/05/11
|
|
Open
|
|
|
8,848,486
|
|
|
8,846,250
|
|
UBS AG
|
|
0.35%
|
|
7/11/11
|
|
Open
|
|
|
4,008,979
|
|
|
4,008,200
|
|
BNP Paribas
|
|
0.35%
|
|
7/12/11
|
|
Open
|
|
|
4,553,216
|
|
|
4,552,375
|
|
UBS AG
|
|
0.32%
|
|
7/12/11
|
|
Open
|
|
|
3,774,862
|
|
|
3,774,225
|
|
Deutsche Bank Securities
Inc.
|
|
0.35%
|
|
7/20/11
|
|
Open
|
|
|
13,831,354
|
|
|
13,829,875
|
|
Deutsche Bank Securities
Inc.
|
|
0.17%
|
|
7/29/11
|
|
Open
|
|
|
5,011,860
|
|
|
5,011,813
|
|
Total
|
|
|
|
|
|
|
|
$
|
256,755,639
|
|
$
|
256,608,893
|
|
1
Certain agreements have no stated maturity
and can be terminated by either party at any time.
|
|
|
Financial
futures contracts purchased as of July 31, 2011 were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contracts
|
|
Issue
|
|
Exchange
|
|
Expiration
|
|
Notional
Value
|
|
Unrealized
Appreciation
|
|
695
|
|
2-Year US Treasury Note
|
|
Chicago Board of Trade
|
|
September 2011
|
|
$
|
152,492,570
|
|
$
|
353,134
|
|
|
|
|
|
|
|
|
|
|
BLACKROCK CREDIT ALLOCATION
INCOME TRUST IV, INC.
|
JULY 31, 2011
|
9
|
|
|
|
|
Schedule of Investments
(continued)
|
BlackRock Credit Allocation Income Trust
IV, Inc. (BTZ)
|
|
|
|
Financial
futures contracts sold as of July 31, 2011 were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contracts
|
|
Issue
|
|
Exchange
|
|
Expiration
|
|
Notional
Value
|
|
Unrealized
Appreciation
|
|
373
|
|
5-Year US Treasury Note
|
|
Chicago Board of Trade
|
|
September 2011
|
|
$
|
44,132,698
|
|
$
|
(1,166,404
|
)
|
1,055
|
|
10-Year US Treasury Note
|
|
Chicago Board of Trade
|
|
September 2011
|
|
|
129,531,170
|
|
|
(3,069,143
|
)
|
12
|
|
30-Year US Treasury Bond
|
|
Chicago Board of Trade
|
|
September 2011
|
|
|
1,493,664
|
|
|
(43,836
|
)
|
34
|
|
Ultra Long US Treasury Bond
|
|
Chicago Board of Trade
|
|
September 2011
|
|
|
4,356,185
|
|
|
(129,690
|
)
|
Total
|
|
|
|
|
|
|
|
|
|
|
$
|
(4,409,073
|
)
|
|
|
|
Credit
default swaps on single-name issues - buy protection outstanding as of July
31, 2011 were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Issuer
|
|
Pay
Fixed
Rate
|
|
Counterparty
|
|
Expiration
Date
|
|
Notional
Amount
(000)
|
|
Unrealized
Appreciation
|
|
Computer
Sciences Corp.
|
|
1.00%
|
|
JPMorgan Chase & Co.
|
|
6/20/16
|
|
$
|
2,210
|
|
$
|
12,567
|
|
Republic of
Finland
|
|
0.25%
|
|
Deutsche Bank AG
|
|
6/20/16
|
|
|
12,275
|
|
|
94,382
|
|
Republic of
Finland
|
|
0.25%
|
|
Royal Bank of Scotland Plc
|
|
6/20/16
|
|
|
9,800
|
|
|
75,379
|
|
Arrow
Electronics Inc.
|
|
1.00%
|
|
Credit Suisse Securities (USA) LLC
|
|
9/20/16
|
|
|
2,365
|
|
|
3,283
|
|
Goldman
Sachs Group Inc.
|
|
1.00%
|
|
Credit Suisse Securities (USA) LLC
|
|
9/20/16
|
|
|
14,750
|
|
|
23,200
|
|
Total
|
|
|
|
|
|
|
|
|
|
|
$
|
208,811
|
|
|
|
|
Credit
default swaps on single-name issues - sold protection outstanding as of July
31, 2011 were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Issuer
|
|
Receive
Fixed
Rate
|
|
Counterparty
|
|
Expiration
Date
|
|
Credit
Rating
1
|
|
Notional
Amount
(000)
2
|
|
Unrealized
Appreciation
(Depreciation)
|
|
Aviva USA
Corp.
|
|
1.00%
|
|
Deutsche Bank AG
|
|
5/25/12
|
|
A-
|
|
$
|
4,525
|
|
$
|
(530
|
)
|
Citigroup
Inc.
|
|
1.00%
|
|
Credit Suisse Securities (USA) LLC
|
|
9/20/16
|
|
A
|
|
|
14,750
|
|
|
(45,296
|
)
|
MetLife,
Inc.
|
|
1.00%
|
|
Deutsche Bank AG
|
|
3/20/18
|
|
A-
|
|
|
1,500
|
|
|
12,490
|
|
Total
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
(33,336
|
)
|
|
|
|
|
1
|
Using
Standard & Poors rating.
|
|
2
|
The maximum
potential amount the Trust may pay should a negative event take place as
defined under the terms of agreement.
|
|
|
|
Interest rate swaps outstanding as of July 31, 2011 were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fixed
Rate
|
|
Floating
Rate
|
|
Counterparty
|
|
Expiration
Date
|
|
Notional
Amount
(000)
|
|
Unrealized
Appreciation
(Depreciation)
|
|
0.25%
(a)
|
|
3-month LIBOR
|
|
Citibank NA
|
|
3/30/13
|
|
USD
|
98,100
|
|
|
(707,133
|
)
|
0.25%
(a)
|
|
3-month LIBOR
|
|
Deutsche Bank AG
|
|
7/21/13
|
|
USD
|
49,100
|
|
|
(63,577
|
)
|
0.25%
(a)
|
|
3-month LIBOR
|
|
Deutsche Bank AG
|
|
7/22/13
|
|
USD
|
44,900
|
|
|
(50,822
|
)
|
2.32%
(b)
|
|
3-month LIBOR
|
|
Citibank NA
|
|
3/28/16
|
|
USD
|
6,900
|
|
|
256,514
|
|
0.25%
(a)
|
|
3-month LIBOR
|
|
Citibank NA
|
|
4/14/41
|
|
USD
|
2,800
|
|
|
(274,822
|
)
|
0.28%
(a)
|
|
3-month LIBOR
|
|
Goldman Sachs International
|
|
4/14/41
|
|
USD
|
4,000
|
|
|
(418,877
|
)
|
0.28%
(a)
|
|
3-month LIBOR
|
|
Deutsche Bank AG
|
|
4/15/41
|
|
USD
|
5,000
|
|
|
(502,247
|
)
|
0.26%
(a)
|
|
3-month LIBOR
|
|
Citibank NA
|
|
5/19/41
|
|
USD
|
2,000
|
|
|
(57,640
|
)
|
0.25%
(a)
|
|
3-month LIBOR
|
|
Citibank NA
|
|
7/21/41
|
|
USD
|
14,000
|
|
|
(325,733
|
)
|
3.97%
(b)
|
|
3-month LIBOR
|
|
Citibank NA
|
|
7/25/41
|
|
USD
|
5,400
|
|
|
160,521
|
|
Total
|
|
|
|
|
|
|
|
|
|
|
$
|
(1,983,816
|
)
|
|
|
|
|
(a)
|
Pays a fixed
interest rate and receives floating rate.
|
|
(b)
|
Pays a
floating interest rate and receives fixed rate.
|
|
|
|
|
|
|
|
|
|
BLACKROCK CREDIT ALLOCATION
INCOME TRUST IV, INC.
|
JULY 31, 2011
|
10
|
|
|
|
|
Schedule of Investments
July 31, 2011
|
BlackRock Credit Allocation Income Trust IV
(BTZ)
|
|
|
|
|
Fair Value
Measurements - Various inputs are used in determining the fair value of
investments and derivative financial instruments. These inputs are
categorized in three broad levels for financial reporting purposes as
follows:
|
|
|
|
|
|
Level 1
price quotations in active markets/exchanges for identical assets and
liabilities
|
|
|
|
|
|
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 Trusts own
assumptions used in determining the fair value of investments and derivative
financial instruments)
|
The
categorization of a value determined for investments and derivative financial
instruments is based on the pricing transparency of the investment and
derivative financial instrument and does not necessarily correspond to the
Trusts perceived risk of investing in those securities. For information about
the Trusts policy regarding valuation of investments and derivative financial
instruments and other significant accounting policies, please refer to the
Trusts most recent financial statements as contained in its semi-annual
report.
The following
tables summarize the inputs used as of July 31, 2011 in determining the fair
valuation of the Trusts investments and derivative financial instruments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Valuation
Inputs
|
|
Level 1
|
|
Level 2
|
|
Level 3
|
|
Total
|
|
Assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Long-term
Investments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Asset-Backed Securities
|
|
|
|
|
$
|
4,092,497
|
|
$
|
3,630,000
|
|
$
|
7,722,497
|
|
Corporate Bonds
|
|
|
|
|
|
803,823,320
|
|
|
|
|
|
803,823,320
|
|
Preferred Securities
|
|
$
|
2,931,954
|
|
|
161,418,115
|
|
|
|
|
|
164,350,069
|
|
Taxable Municipal Bonds
|
|
|
|
|
|
12,330,073
|
|
|
|
|
|
12,330,073
|
|
U.S. Government Sponsored Agency Securities
|
|
|
|
|
|
1,998,661
|
|
|
|
|
|
1,998,661
|
|
U.S. Treasury Obligations
|
|
|
|
|
|
4,989,990
|
|
|
|
|
|
4,989,990
|
|
Short-Term Securities
|
|
|
358
|
|
|
|
|
|
|
|
|
358
|
|
Total
|
|
$
|
2,932,312
|
|
$
|
988,652,656
|
|
$
|
3,630,000
|
|
$
|
995,214,968
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Valuation
Inputs
|
|
Level 1
|
|
Level 2
|
|
Level 3
|
|
Total
|
|
Derivative
Financial Instruments
1
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest rate contracts
|
|
$
|
353,134
|
|
$
|
417,035
|
|
|
|
|
$
|
770,169
|
|
Credit contracts
|
|
|
|
|
|
221,301
|
|
|
|
|
|
221,301
|
|
Equity contracts
|
|
|
511,560
|
|
|
|
|
|
|
|
|
511,560
|
|
Liabilities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest rate contracts
|
|
|
(4,409,073
|
)
|
|
(5,862,231
|
)
|
|
|
|
|
(10,271,304
|
)
|
Credit contracts
|
|
|
|
|
|
(416,927
|
)
|
$
|
(530
|
)
|
|
(417,457
|
)
|
Total
|
|
$
|
(3,544,379
|
)
|
$
|
(5,640,822
|
)
|
$
|
(530
|
)
|
$
|
(9,185,731
|
)
|
|
|
|
|
1
|
Derivative financial
instruments are swaps, financial futures contracts, and options. Financial
futures contracts and swaps are valued at the unrealized
appreciation/depreciation on the instrument and options are shown at value.
|
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 Credit Allocation Income Trust IV
|
|
|
|
By:
|
/s/ John M. Perlowski
|
|
|
|
John M. Perlowski
|
|
|
Chief Executive Officer (principal executive officer) of
|
|
|
BlackRock Credit Allocation Income Trust IV
|
|
|
|
Date: September 26, 2011
|
|
|
|
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
|
|
|
|
By:
|
/s/ John M. Perlowski
|
|
|
|
John M. Perlowski
|
|
|
Chief Executive Officer (principal executive officer) of
|
|
|
BlackRock Credit Allocation Income Trust IV
|
|
|
|
Date: September 26, 2011
|
|
|
|
By:
|
/s/ Neal J. Andrews
|
|
|
|
Neal J. Andrews
|
|
|
Chief Financial Officer (principal financial officer) of
|
|
|
BlackRock Credit Allocation Income Trust IV
|
|
|
|
|
Date: September 26, 2011
|
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