Schedule of Investments (unaudited) 

September 30, 2023

  

BlackRock Limited Duration Income Trust (BLW)

(Percentages shown are based on Net Assets)

 

Security         

Par

(000)

    Value  

Asset-Backed Securities

     

AIMCO CLO, Series 2017-AA, Class CR, (3-mo. CME Term SOFR + 2.36%), 7.69%, 04/20/34(a)(b)

    USD       1,000     $ 982,136  

Allegro CLO II-S Ltd., Series 2014-1RA, Class C, (3-mo. CME Term SOFR + 3.26%), 8.60%, 10/21/28(a)(b)

      1,000       998,967  

ALM Ltd., Series 2020-1A, Class D, (3-mo. CME Term SOFR + 6.26%), 11.57%, 10/15/29(a)(b)

      285       266,929  

Anchorage Capital CLO Ltd.(a)(b)

     

Series 2014-3RA, Class E, (3-mo. CME Term SOFR + 5.76%), 11.13%, 01/28/31

      850       762,344  

Series 2014-4RA, Class D, (3-mo. CME Term SOFR + 2.86%), 8.23%, 01/28/31

      250       241,792  

Series 2015-7A, Class D1R2, (3-mo. CME Term SOFR + 3.76%), 9.13%, 01/28/31

      1,000       941,453  

Apidos CLO XL Ltd., Series 2022-40A, Class E, (3-mo. CME Term SOFR + 7.69%), 13.00%, 07/15/35

      500       495,917  

Apidos CLO XXVI, Series 2017-26A, Class A1AR, (3-mo. CME Term SOFR + 1.16%), 6.47%, 07/18/29(a)(b)

      409       407,587  

Ares LXVIII CLO Ltd., Series 2023-68A, Class E, (3-mo. CME Term SOFR + 8.55%), 13.63%, 04/25/35(a)(b)

      620       611,779  

Argent Securities Trust, Series 2006-W5, Class A1A, (1-mo. Term SOFR + 0.41%), 5.73%, 06/25/36(a)

      4,042         2,563,518  

Bain Capital Credit CLO Ltd.(a)(b)

     

Series 2020-2A, Class DR, (3-mo. CME Term SOFR + 3.56%), 8.88%, 07/19/34

      300       291,075  

Series 2021-3A, Class D, (3-mo. CME Term SOFR + 3.36%), 8.71%, 07/24/34

      250       241,875  

Ballyrock CLO Ltd., Series 2020-14A, Class D, (3-mo. CME Term SOFR + 7.26%), 12.59%, 01/20/34(a)(b)

      250       247,076  

Barings CLO Ltd., Series 2017-1A, Class D, (3-mo. CME Term SOFR + 3.86%), 9.17%, 07/18/29(a)(b)

      250       249,152  

Benefit Street Partners CLO II Ltd., Series 2013-IIA, Class A1R2, (3-mo. CME Term SOFR + 1.13%), 6.44%, 07/15/29(a)(b)

      106       105,598  

Benefit Street Partners CLO XX Ltd., Series 2020- 20A, Class CR, (3-mo. CME Term SOFR + 2.31%), 7.62%, 07/15/34(a)(b)

      250       243,710  

BlueMountain CLO XXVIII Ltd., Series 2021-28A, Class D, (3-mo. CME Term SOFR + 3.16%), 8.47%, 04/15/34(a)(b)

      500       480,082  

Carlyle U.S. CLO Ltd., Series 2018-1A, Class A1, (3-mo. CME Term SOFR + 1.28%), 6.61%, 04/20/31(a)(b)

      248       247,507  

CarVal CLO II Ltd., Series 2019-1A, Class CR, (3-mo. CME Term SOFR + 2.26%), 7.59%, 04/20/32(a)(b)

      250       245,656  

CarVal CLO III Ltd., Series 2019-2A, Class E, (3-mo. CME Term SOFR + 6.70%), 12.03%, 07/20/32(a)(b)

      500       470,027  

Cayuga Park CLO Ltd., Series 2020-1A, Class B1R, (3-mo. CME Term SOFR + 1.91%), 7.22%, 07/17/34(a)(b)

      250       248,000  

Cedar Funding XIV CLO Ltd., Series 2021-14A, Class B, (3-mo. CME Term SOFR + 1.86%), 7.17%, 07/15/33(a)(b)

      500       489,550  
Security          Par
(000)
    Value  

Asset-Backed Securities (continued)

     

Cedar Funding XV CLO Ltd., Series 2022-15A, Class B, (3-mo. CME Term SOFR + 1.80%), 7.13%, 04/20/35(a)(b)

    USD       450     $   438,300  

CIFC Funding I Ltd., Series 2019-1A, Class DR, (3-mo. CME Term SOFR + 3.36%), 8.69%, 04/20/32(a)(b)

      500       482,587  

CIFC Funding Ltd., Series 2013-4A, Class DRR, (3-mo. CME Term SOFR + 3.06%), 8.42%, 04/27/31(a)(b)

      250       245,359  

CIFC Funding VII Ltd.(a)(b)

     

Series 2022-7A, Class D, (3-mo. CME Term SOFR + 5.35%), 10.70%, 10/22/35

      250       250,180  

Series 2022-7A, Class E, (3-mo. CME Term SOFR + 8.94%), 14.29%, 10/22/35

      500       509,578  

Citigroup Mortgage Loan Trust, Series 2006-FX1, Class A7, 7.28%, 10/25/36(c)

      332       186,563  

Clear Creek CLO, Series 2015-1A, Class DR, (3-mo. CME Term SOFR + 3.21%), 8.54%, 10/20/30(a)(b)

      250       246,555  

Countrywide Asset-Backed Certificates Trust, Series 2006-26, Class 1A, (1-mo. Term SOFR + 0.25%), 5.57%, 06/25/37(a)

      502       456,404  

Dryden 106 CLO Ltd., Series 2022-106A, Class E, (3-mo. CME Term SOFR + 8.87%), 14.18%, 10/15/35(a)(b)

      500       499,878  

Dryden 64 CLO Ltd., Series 2018-64A, Class D, (3-mo. CME Term SOFR + 2.91%), 8.22%, 04/18/31(a)(b)

      250       240,678  

Elmwood CLO 14 Ltd., Series 2022-1A, Class E, (3-mo. CME Term SOFR + 6.35%), 11.68%, 04/20/35(a)(b)

      585       565,256  

Elmwood CLO I Ltd., Series 2019-1A, Class ER, (3-mo. CME Term SOFR + 7.97%), 13.30%, 10/20/33(a)(b)

      250       246,564  

Elmwood CLO II Ltd., Series 2019-2A, Class ER, (3-mo. CME Term SOFR + 7.06%), 12.39%, 04/20/34(a)(b)

      250       246,732  

Elmwood CLO IV Ltd., Series 2020-1A, Class B, (3-mo. CME Term SOFR + 1.96%), 7.27%, 04/15/33(a)(b)

      500       497,200  

Elmwood CLO V Ltd., Series 2020-2A, Class CR, (3-mo. CME Term SOFR + 2.26%), 7.59%, 10/20/34(a)(b)

      436       429,794  

Generate CLO Ltd.(a)(b)

     

Series 3A, Class DR, (3-mo. CME Term SOFR + 3.86%), 9.19%, 10/20/29

      250       248,435  

Series 4A, Class ER, (3-mo. CME Term SOFR + 7.01%), 12.34%, 04/20/32

      1,000       949,091  

Series 6A, Class DR, (3-mo. CME Term SOFR + 3.76%), 9.11%, 01/22/35

      750       720,568  

Golub Capital Partners CLO Ltd., Series 2021-55A, Class E, (3-mo. CME Term SOFR + 6.82%), 12.15%, 07/20/34(a)(b)

      250       247,344  

Gulf Stream Meridian Ltd.(a)(b)

     

Series 2020-IA, Class E, (3-mo. CME Term SOFR + 6.71%), 12.02%, 04/15/33

      250       229,409  

Series 2021-5A, Class A2, (3-mo. CME Term SOFR + 2.06%), 7.37%, 07/15/34

      250       249,400  

LCM XIII LP, Series 13A, Class AR3, (3-mo. CME Term SOFR + 1.13%), 6.45%, 07/19/27(a)(b)

      285       283,966  
 

 

1  


Schedule of Investments (unaudited) (continued)

September 30, 2023

  

BlackRock Limited Duration Income Trust (BLW)

(Percentages shown are based on Net Assets)

 

Security         

Par

(000)

    Value  

Asset-Backed Securities (continued)

 

 

Madison Park Funding LXIII Ltd., Series 2063, Class E, (3-mo. CME Term SOFR + 8.57%), 13.65%, 04/21/35(a)(b)

    USD       400     $ 397,563  

Madison Park Funding XLV Ltd., Series 2020-45A, Class BR, (3-mo. CME Term SOFR + 1.96%), 7.27%, 07/15/34(a)(b)

      300         297,060  

Madison Park Funding XVII Ltd., Series 2015-17A, Class DR, (3-mo. CME Term SOFR + 3.86%), 9.20%, 07/21/30(a)(b)

      500       495,160  

Madison Park Funding XVIII Ltd., Series 2015-18A, Class ARR, (3-mo. CME Term SOFR + 1.20%), 6.54%, 10/21/30(a)(b)

      492       489,992  

Madison Park Funding XXIX Ltd.(a)(b)

     

Series 2018-29A, Class D, (3-mo. CME Term SOFR + 3.26%), 8.57%, 10/18/30

      510       500,964  

Series 2018-29A, Class E, (3-mo. CME Term SOFR + 5.96%), 11.27%, 10/18/30

      250       239,387  

Madison Park Funding XXV Ltd., Series 2017-25A, Class A1R, (3-mo. CME Term SOFR + 1.23%), 6.58%, 04/25/29(a)(b)

      970       966,992  

Madison Park Funding XXVI Ltd., Series 2007-4A, Class DR, (3-mo. LIBOR US + 3.00%), 8.63%, 07/29/30(a)(b)

      250       246,412  

Madison Park Funding XXXVII Ltd., Series 2019-37A, Class BR, (3-mo. CME Term SOFR + 1.91%), 7.22%, 07/15/33(a)(b)

      800       794,880  

Madison Park Funding XXXVIII Ltd., Series 2021- 38A, Class B, (3-mo. CME Term SOFR + 1.91%), 7.22%, 07/17/34(a)(b)

      250       247,975  

Neuberger Berman CLO XX Ltd., Series 2015-20A, Class ERR, (3-mo. CME Term SOFR + 6.76%), 12.07%, 07/15/34(a)(b)

      790       739,076  

Neuberger Berman Loan Advisers CLO Ltd., Series 2019-32A, Class ER, (3-mo. CME Term SOFR + 6.36%), 11.68%, 01/20/32(a)(b)

      425       402,760  

Neuberger Berman Loan Advisers NBLA CLO Ltd., Series 2022-52A, Class D, (3-mo. CME Term SOFR + 5.75%), 11.10%, 10/24/35(a)(b)

      500       499,645  

OCP CLO Ltd.(a)(b)

     

Series 2017-14A, Class A2, (3-mo. CME Term SOFR + 1.76%), 7.14%, 11/20/30

      300       295,019  

Series 2019-16A, Class DR, (3-mo. CME Term SOFR + 3.41%), 8.69%, 04/10/33

      250       245,547  

Octagon Investment Partners Ltd., Series 2017-1A, Class E, (3-mo. CME Term SOFR + 6.56%), 11.89%, 07/20/30(a)(b)

      500       459,188  

Octagon Investment Partners XV Ltd., Series 2013- 1A, Class A1RR, (3-mo. CME Term SOFR + 1.23%), 6.55%, 07/19/30(a)(b)

      1,649       1,644,146  

Octagon Investment Partners XVII Ltd., Series 2013- 1A, Class BR2, (3-mo. CME Term SOFR + 1.66%), 7.01%, 01/25/31(a)(b)

      250       246,625  

Octagon Ltd., Series 2021-1A, Class D, (3-mo. CME Term SOFR + 3.31%), 8.62%, 07/15/34(a)(b)

      250       238,226  

OHA Credit Partners XIII Ltd., Series 2016-13A, Class BR, (3-mo. CME Term SOFR + 1.96%), 7.30%, 10/25/34(a)(b)

      250       248,450  

OZLM VIII Ltd., Series 2014-8A, Class CRR, (3-mo. CME Term SOFR + 3.41%), 8.72%, 10/17/29(a)(b)

      250       247,131  
Security         

Par

(000)

    Value  

Asset-Backed Securities (continued)

 

OZLM XXI Ltd., Series 2017-21A, Class D, (3-mo. CME Term SOFR + 5.80%), 11.13%, 01/20/31(a)(b).

    USD       250     $ 219,380  

Rad CLO Ltd., Series 2022-17A, Class E, (3-mo. CME Term SOFR + 8.30%), 13.63%, 10/20/35(a)(b)

      250       246,331  

Regatta IX Funding Ltd., Series 2022-1A, Class D, (3-mo. CME Term SOFR + 4.16%), 9.47%, 04/17/30(a)(b)

      500       497,592  

Regatta XVIII Funding Ltd., Series 2021-1A, Class B, (3-mo. CME Term SOFR + 1.71%), 7.02%, 01/15/34(a)(b)

      300       296,970  

Regatta XXIV Funding Ltd., Series 2021-5A, Class D, (3-mo. CME Term SOFR + 3.36%), 8.69%, 01/20/35(a)(b)

      250       244,543  

Regatta XXV Funding Ltd., Series 2025, Class E, (3-mo. CME Term SOFR + 8.41%), 13.66%, 07/15/36

      500       494,602  

Regional Management Issuance Trust, Series 2021-3, Class A, 3.88%, 10/17/33(d)

      980       852,600  

Rockford Tower CLO Ltd., Series 2017-2A, Class DR, (3-mo. CME Term SOFR + 3.11%), 8.42%, 10/15/29(a)(b)

      500       489,565  

Sixth Street CLO XVI Ltd., Series 2020-16A, Class E, (3-mo. CME Term SOFR + 7.58%), 12.91%, 10/20/32(a)(b)

      510       506,248  

Sterling COOFS Trust(d)

     

Series 2004-1, Class A, 2.36%, 04/15/29

      607       6,068  

Series 2004-2, Class Note, 2.08%, 03/30/30(b)

      700       6,998  

Symphony CLO XXXII Ltd., Series 2022-32A, Class B, (3-mo. CME Term SOFR + 1.85%), 7.20%, 04/23/35(a)(b)

      300         294,750  

Trimaran CAVU Ltd.(a)(b)

     

Series 2021-1A, Class D, (3-mo. CME Term SOFR + 3.71%), 9.06%, 04/23/32

      250       246,788  

Series 2021-2A, Class D1, (3-mo. CME Term SOFR + 3.51%), 8.86%, 10/25/34

      500       491,532  

Unique Pub Finance Co. PLC, Series A4, 5.66%, 06/30/27(e)

    GBP       30       36,509  

Voya CLO Ltd.

     

Series 2019-3A, Class BR, (3-mo. CME Term SOFR + 1.91%), 7.22%,
10/17/32(a)(b)

    USD       500       496,000  

Series 2022-4, Class E, (3-mo. CME Term SOFR + 7.50%), 12.83%, 10/20/33

      350       347,887  

Whitebox CLO II Ltd., Series 2020-2A, Class DR, (3-mo. CME Term SOFR + 3.61%), 8.96%, 10/24/34(a)(b)

      500       488,299  

Whitebox CLO III Ltd., Series 2021-3A, Class D, (3-mo. CME Term SOFR + 3.61%), 8.92%, 10/15/34(a)(b)

      250       241,709  
     

 

 

 

Total Asset-Backed Securities — 7.6%
(Cost: $37,418,005)

        36,748,140  
     

 

 

 
            Shares         

Common Stocks

     
Construction & Engineering — 0.0%                  

McDermott International Ltd.(f)

      47,837       11,959  
     

 

 

 
 

 

S C H E D U L E   O F   I N V E S T M E N T S

  2


Schedule of Investments (unaudited) (continued)

September 30, 2023

  

BlackRock Limited Duration Income Trust (BLW)

(Percentages shown are based on Net Assets)

 

Security              
Shares
    Value  

Energy Equipment & Services — 0.0%

 

 

Project Investor Holdings LLC, (Acquired 02/12/19, Cost: $0)(d)(g)

      2,869     $  
     

 

 

 
Entertainment — 0.0%        

Learfield Communications LLC, (Acquired 09/06/23,
Cost: $36,292)(d)(g)

      1,203       44,511  
     

 

 

 
Financial Services — 0.0%        

NMG Parent LLC

      1,330       151,620  
     

 

 

 
Household Products — 0.0%                  

Berkline Benchcraft Equity LLC(d)

      3,155        
     

 

 

 
Industrial Conglomerates — 0.0%        

Ameriforge Group, Inc.

      801       8  
     

 

 

 
Oil, Gas & Consumable Fuels — 0.0%        

Kcad Holdings I Ltd.(d)

      546,753,936       5,468  
     

 

 

 

Total Common Stocks — 0.0%
(Cost: $6,859,105)

        213,566  
     

 

 

 
           

Par

(000)

        

Corporate Bonds

     
Aerospace & Defense — 3.1%                  

Amsted Industries, Inc., 5.63%, 07/01/27(b)

    USD       156       147,032  

Bombardier, Inc.(b)

     

7.50%, 03/15/25

      17       16,930  

7.13%, 06/15/26(h)

      1,191       1,153,912  

7.88%, 04/15/27(h)

      605       590,327  

6.00%, 02/15/28(h)

      539       488,979  

7.50%, 02/01/29(h)

      660       626,318  

7.45%, 05/01/34

      100       113,284  

Embraer Netherlands Finance BV, 7.00%, 07/28/30(b)

      387       382,772  

F-Brasile SpA/F-Brasile U.S. LLC, Series XR, 7.38%, 08/15/26(b)(h)

      423       393,174  

Northrop Grumman Corp., 3.85%, 04/15/45(h)

      600       446,733  

Rolls-Royce PLC,
5.75%, 10/15/27(b)(h)

      1,018       982,226  

Spirit AeroSystems, Inc.(b)

     

7.50%, 04/15/25

      32       31,388  

9.38%, 11/30/29(h)

      581       591,246  

TransDigm, Inc.

     

6.25%, 03/15/26(b)(h)

      5,693       5,593,832  

7.50%, 03/15/27

      105       105,191  

6.75%, 08/15/28(b)(h)

      2,205       2,170,797  

6.88%, 12/15/30

      193       189,245  

Triumph Group, Inc., 9.00%, 03/15/28(b)(h)

      881       871,138  
     

 

 

 
          14,894,524  
Air Freight & Logistics — 0.0%                  

XPO Escrow Sub LLC, 7.50%, 11/15/27(b)(h)

      85       85,938  
     

 

 

 
Automobile Components — 1.3%                  

Aptiv PLC, 4.40%, 10/01/46(h)

      240       171,017  

Clarios Global LP, 6.75%, 05/15/25(b)

      528       524,025  

Clarios Global LP/Clarios U.S. Finance Co.

     

4.38%, 05/15/26(e)

    EUR       200       202,968  

6.25%, 05/15/26(b)(h)

    USD       1,409       1,378,627  

8.50%, 05/15/27(b)(h)

      2,599       2,591,545  

6.75%, 05/15/28(b)(h)

      798       779,048  
Security          Par
(000)
    Value  

Automobile Components (continued)

     

Dana Financing Luxembourg SARL, 8.50%, 07/15/31(e)

    EUR       100     $ 106,938  

Dealer Tire LLC/DT Issuer LLC, Series B, 8.00%, 02/01/28(b)

    USD       174       163,125  

Forvia SE, 3.75%, 06/15/28(e)

    EUR       100       94,842  

Goodyear Tire & Rubber Co.

     

5.00%, 07/15/29(h)

    USD       104       89,577  

5.63%, 04/30/33

      109       89,207  

ZF Finance GmbH, 2.00%, 05/06/27(e)

    EUR       100       92,509  
     

 

 

 
        6,283,428  
Automobiles — 1.7%                  

Arko Corp., 5.13%, 11/15/29(b)(h)

    USD       181       145,984  

Asbury Automotive Group, Inc.

     

4.50%, 03/01/28

      146       130,701  

4.75%, 03/01/30

      124       105,973  

5.00%, 02/15/32(b)

      130       107,710  

Ford Motor Co.(h)

     

3.25%, 02/12/32

      469       361,441  

6.10%, 08/19/32

      361       340,030  

Ford Motor Credit Co. LLC

     

3.81%, 01/09/24(h)

      629       622,152  

2.75%, 06/14/24

    GBP       100       117,886  

4.69%, 06/09/25

    USD       200       192,179  

5.13%, 06/16/25(h)

      490       474,331  

3.38%, 11/13/25

      200       185,563  

4.39%, 01/08/26(h)

      400       377,532  

6.86%, 06/05/26

    GBP       108       129,834  

2.70%, 08/10/26

    USD       295       263,248  

4.95%, 05/28/27(h)

      200       187,731  

6.80%, 05/12/28(h)

      582       581,327  

7.35%, 03/06/30(h)

      600       607,607  

7.20%, 06/10/30(h)

      576       578,880  

3.63%, 06/17/31(h)

      400       323,221  

General Motors Financial Co., Inc., 6.00%, 01/09/28(h)

      1,000       987,758  

Ken Garff Automotive LLC, 4.88%, 09/15/28(b)

      122       104,187  

LCM Investments Holdings II LLC(b)

     

4.88%, 05/01/29

      292       248,260  

8.25%, 08/01/31

      252       244,798  

Lithia Motors, Inc., 3.88%, 06/01/29(b)

      131       110,407  

MajorDrive Holdings IV LLC, 6.38%, 06/01/29(b)

      178       146,489  

TML Holdings Pte. Ltd., 4.35%, 06/09/26(e)(h)

      200       182,162  

Wabash National Corp., 4.50%, 10/15/28(b)(h)

      220       185,319  
     

 

 

 
          8,042,710  
Banks — 0.6%                  

Banco BPM SpA

     

(3-mo. EURIBOR + 2.80%), 6.00%, 06/14/28

    EUR       150       158,005  

(5-year EUR Swap + 3.17%), 2.88%, 06/29/31(a)(e)

      100       93,998  

Banco Espirito Santo SA(f)(i)

     

4.75%, 01/15/18

      100       27,488  

4.00%, 01/21/19

      100       27,489  

Bangkok Bank PCL, (5-year CMT + 4.73%), 5.00%(h)

    USD       501       470,053  

Bank of Communications Co. Ltd., (5-year CMT + 3.35%), 3.80%(a)(e)(j)

      200       189,766  

Chong Hing Bank Ltd., (5-year CMT + 3.86%), 5.70%(a)(e)(j)

      250       241,992  

Credit Suisse AG/New York, 5.00%, 07/09/27(h)

      1,200       1,152,692  
 

 

3  


Schedule of Investments (unaudited) (continued)

September 30, 2023

  

BlackRock Limited Duration Income Trust (BLW)

(Percentages shown are based on Net Assets)

 

Security          Par
(000)
    Value  

Banks (continued)

 

Freedom Mortgage Corp., 12.00%, 10/01/28(b)

    USD       103     $ 104,736  

Intesa Sanpaolo SpA, 5.71%, 01/15/26(b)(h)

      200       190,961  

Krung Thai Bank PCL, (5-year CMT + 3.53%), 4.40%(a)(e)(j)

      202       181,644  
     

 

 

 
          2,838,824  
Beverages — 2.0%                  

Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc., 4.90%, 02/01/46(h)

      800       697,235  

ARD Finance SA, (6.50% Cash or 7.25% PIK), 6.50%, 06/30/27(b)(h)(k)

      834       628,814  

Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC(b)

     

6.00%, 06/15/27(h)

      400       384,387  

3.25%, 09/01/28

      200       166,758  

4.00%, 09/01/29(h)

      2,234       1,748,264  

Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc.

     

5.25%, 04/30/25(b)(h)

      400       389,901  

2.13%, 08/15/26(e)

    EUR       200       187,408  

5.25%, 08/15/27(b)

    USD       202       168,568  

Ball Corp., 6.00%, 06/15/29(h)

      193       187,368  

Canpack SA/Canpack U.S. LLC, 3.13%, 11/01/25(b)(h)

      211       195,681  

Mauser Packaging Solutions Holding Co.(b)

     

7.88%, 08/15/26(h)

      3,282       3,166,263  

9.25%, 04/15/27

      92       80,416  

Owens-Brockway Glass Container, Inc., 6.63%, 05/13/27(b)

      39       38,020  

Trivium Packaging Finance BV(b)(h)

     

5.50%, 08/15/26

      1,004       936,163  

8.50%, 08/15/27

      965       881,899  
     

 

 

 
        9,857,145  
Biotechnology — 0.0%                  

Cidron Aida Finco SARL, 5.00%, 04/01/28(e)

    EUR       100       95,478  
     

 

 

 
Broadline Retail — 0.0%                  

NMG Holding Co., Inc./Neiman Marcus Group LLC, 7.13%, 04/01/26(b)(h)

    USD       123       115,387  
     

 

 

 
Building Materials — 1.1%                  

Camelot Return Merger Sub, Inc., 8.75%, 08/01/28(b)

      207       199,683  

Emerald Debt Merger Sub LLC

     

6.38%, 12/15/30(b)

    EUR       160       168,541  

6.38%, 12/15/30(e)

      100       105,338  

6.63%, 12/15/30(b)(h)

    USD       2,594       2,497,178  

James Hardie International Finance DAC, 5.00%, 01/15/28(b)

      200       186,558  

Jeld-Wen, Inc., 4.63%, 12/15/25(b)

      226       216,998  

Masonite International Corp., 5.38%, 02/01/28(b)(h)

      101       93,942  

New Enterprise Stone & Lime Co., Inc.(b)

     

5.25%, 07/15/28

      81       72,679  

9.75%, 07/15/28

      205       202,438  

Smyrna Ready Mix Concrete LLC, 6.00%, 11/01/28(b)(h)

      523       482,970  

Standard Industries, Inc.(b)

     

5.00%, 02/15/27

      209       193,733  

4.75%, 01/15/28

      80       72,159  
Security          Par
(000)
    Value  

Building Materials (continued)

 

Standard Industries, Inc.(b) (continued)

     

4.38%, 07/15/30(h)

    USD       673     $ 557,378  

3.38%, 01/15/31(h)

      277       214,116  

Summit Materials LLC/Summit Materials Finance Corp., 5.25%, 01/15/29(b)

      92       83,535  
     

 

 

 
        5,347,246  
Building Products — 1.0%                  

Advanced Drainage Systems, Inc.(b)

     

5.00%, 09/30/27

      306       285,859  

6.38%, 06/15/30(h)

      412       395,705  

Beacon Roofing Supply, Inc.(b)

     

4.13%, 05/15/29

      123       105,165  

6.50%, 08/01/30

      256       248,092  

Foundation Building Materials, Inc., 6.00%, 03/01/29(b)

      83       69,076  

GYP Holdings III Corp., 4.63%, 05/01/29(b)(h)

      371       319,591  

HT Troplast GmbH, 9.38%, 07/15/28

    EUR       100       106,402  

Specialty Building Products Holdings LLC/SBP Finance Corp., 6.38%, 09/30/26(b)

    USD       87       81,358  

SRS Distribution, Inc.(b)(h)

     

4.63%, 07/01/28

      492       425,041  

6.13%, 07/01/29

      510       434,344  

6.00%, 12/01/29

      765       642,600  

White Cap Buyer LLC, 6.88%, 10/15/28(b)(h)

      1,493       1,319,529  

White Cap Parent LLC, (8.25% Cash or 9.00% PIK), 8.25%, 03/15/26(b)(k)

      224       216,121  
     

 

 

 
          4,648,883  
Capital Markets — 1.3%                  

AG TTMT Escrow Issuer LLC, 8.63%, 09/30/27(b)

      77       77,472  

Ares Capital Corp., 7.00%, 01/15/27

      140       139,998  

Blackstone Private Credit Fund

     

7.05%, 09/29/25

      79       79,121  

3.25%, 03/15/27

      75       65,148  

Blue Owl Capital Corp., 3.40%, 07/15/26

      63       56,483  

Blue Owl Credit Income Corp.

     

3.13%, 09/23/26

      43       37,797  

7.75%, 09/16/27(h)

      302       299,572  

Charles Schwab Corp., Series H,
(10-year CMT + 3.08%), 4.00%(a)(h)(j)

      2,000       1,411,142  

Compass Group Diversified Holdings LLC, 5.25%, 04/15/29(b)(h)

      214       187,098  

GLP Capital LP/GLP Financing II, Inc., 3.25%, 01/15/32(h)

      498       386,492  

Icahn Enterprises LP/Icahn Enterprises Finance Corp.

     

6.25%, 05/15/26(h)

      449       417,140  

5.25%, 05/15/27(h)

      827       726,917  

4.38%, 02/01/29

      340       271,884  

NFP Corp.(b)(h)

     

4.88%, 08/15/28

      519       456,904  

6.88%, 08/15/28

      1,246       1,067,421  

7.50%, 10/01/30

      105       100,834  

Northern Trust Corp., 6.13%, 11/02/32(h)

      119       117,501  

UBS AG, (1-year CMT + 2.00%), 6.30%, 09/22/34

      200       195,332  
     

 

 

 
        6,094,256  
 

 

S C H E D U L E   O F   I N V E S T M E N T S

  4


Schedule of Investments (unaudited) (continued)

September 30, 2023

  

BlackRock Limited Duration Income Trust (BLW)

(Percentages shown are based on Net Assets)

 

Security

         Par
(000)
    Value  
Chemicals — 1.8%                  

Ashland LLC, 3.38%, 09/01/31(b)

    USD       164     $ 127,532  

Avient Corp., 7.13%, 08/01/30(b)(h)

      106       104,133  

Axalta Coating Systems LLC, 3.38%, 02/15/29(b)(h)

      447       372,168  

Axalta Coating Systems LLC/Axalta Coating Systems Dutch Holding B BV, 4.75%, 06/15/27(b)(h)

      170       157,961  

Celanese U.S. Holdings LLC

     

6.35%, 11/15/28

      150       148,115  

6.55%, 11/15/30

      144       140,923  

6.70%, 11/15/33

      206       200,523  

Chemours Co.(b)

     

5.75%, 11/15/28

      46       39,923  

4.63%, 11/15/29

      175       140,779  

Element Solutions, Inc., 3.88%, 09/01/28(b)(h)

      1,508       1,301,384  

HB Fuller Co., 4.25%, 10/15/28

      110       97,064  

Herens Holdco SARL, 4.75%, 05/15/28(b)(h)

      612       475,198  

Illuminate Buyer LLC/Illuminate Holdings IV, Inc., 9.00%, 07/01/28(b)(h)

      352       332,446  

INEOS Quattro Finance 2 PLC, 2.50%, 01/15/26(e)

    EUR       100       96,059  

Ingevity Corp., 3.88%, 11/01/28(b)

    USD       84       69,260  

Kobe U.S. Midco 2, Inc., (9.25% Cash or 10.00% PIK), 9.25%, 11/01/26(b)(k)

      259       189,070  

LSF11 A5 HoldCo LLC, 6.63%, 10/15/29(b)

      133       110,576  

Minerals Technologies, Inc., 5.00%, 07/01/28(b)

      169       155,007  

NOVA Chemicals Corp., 4.88%, 06/01/24(b)

      67       65,827  

Olympus Water U.S. Holding Corp.

     

9.63%, 11/15/28(e)

    EUR       100       105,455  

9.75%, 11/15/28(b)(h)

    USD       738       736,405  

SCIL IV LLC/SCIL USA Holdings LLC, 5.38%, 11/01/26(b)(h)

      439       401,123  

SK Invictus Intermediate II SARL, 5.00%, 10/30/29(b)(h)

      460       368,658  

WESCO Distribution, Inc.(b)(h)

     

7.13%, 06/15/25

      676       677,596  

7.25%, 06/15/28

      636       639,086  

WR Grace Holdings LLC(b)

     

4.88%, 06/15/27(h)

      122       111,927  

5.63%, 08/15/29(h)

      1,131       914,696  

7.38%, 03/01/31

      216       209,408  
     

 

 

 
        8,488,302  

Commercial Services & Supplies — 1.7%

 

ADT Security Corp.(b)

     

4.13%, 08/01/29

      27       22,829  

4.88%, 07/15/32

      55       45,925  

Albion Financing 1 SARL/Aggreko Holdings, Inc., 6.13%, 10/15/26(b)

      200       188,898  

APX Group, Inc., 5.75%, 07/15/29(b)(h)

      268       225,821  

Ashtead Capital, Inc., Series B, 5.95%, 10/15/33(b)(h)

      370       351,262  

Cablevision Lightpath LLC, 3.88%, 09/15/27(b)

      200       167,000  

Fortress Transportation and Infrastructure Investors LLC(b)

     

6.50%, 10/01/25(h)

      596       585,775  

9.75%, 08/01/27

      372       384,774  

5.50%, 05/01/28(h)

      663       601,067  

Garda World Security Corp., 9.50%, 11/01/27(b)

      68       65,016  

Herc Holdings, Inc., 5.50%, 07/15/27(b)(h)

      670         633,588  

Hertz Corp.(b)

     

4.63%, 12/01/26

      126       111,668  

5.00%, 12/01/29(h)

      101       79,075  

LABL, Inc., 9.50%, 11/01/28(b)(h)

      439       449,975  

Metis Merger Sub LLC, 6.50%, 05/15/29(b)

      125       105,590  
Security          Par
(000)
    Value  
Commercial Services & Supplies (continued)                  

NESCO Holdings II, Inc., 5.50%, 04/15/29(b)

    USD       239     $ 209,723  

Prime Security Services Borrower LLC/Prime Finance, Inc.(b)

     

5.25%, 04/15/24

      113       112,228  

5.75%, 04/15/26(h)

      608       589,862  

6.25%, 01/15/28(h)

      232       214,871  

Sotheby’s/Bidfair Holdings, Inc., 5.88%, 06/01/29(b)(h)

      653       524,033  

United Rentals North America, Inc., 6.00%, 12/15/29(b)(h)

      1,762       1,715,573  

Verisure Holding AB, 9.25%, 10/15/27(e)

    EUR       100       112,069  

Williams Scotsman International, Inc.(b)

     

6.13%, 06/15/25(h)

    USD       403       398,970  

4.63%, 08/15/28

      121       108,295  

Williams Scotsman, Inc., 7.38%, 10/01/31

      376       373,949  
     

 

 

 
        8,377,836  
Communications Equipment — 0.5%                  

CommScope Technologies LLC, 6.00%, 06/15/25(b)(h)

      516       491,208  

CommScope, Inc.(b)(h)

     

6.00%, 03/01/26

      301       280,902  

4.75%, 09/01/29

      347       255,234  

Viasat, Inc.

     

5.63%, 09/15/25(b)(h)

      646       596,742  

5.63%, 04/15/27(b)(h)

      473       409,791  

7.50%, 05/30/31

      52       34,346  

Viavi Solutions, Inc., 3.75%, 10/01/29(b)(h)

      210       170,709  
     

 

 

 
          2,238,932  
Construction & Engineering — 0.3%                  

Brand Industrial Services, Inc., 10.38%, 08/01/30(h)

      1,576       1,578,427  
     

 

 

 
Construction Materials(b) — 0.1%                  

BCPE Empire Holdings, Inc., 7.63%, 05/01/27(h)

      331       314,361  

Resideo Funding, Inc., 4.00%, 09/01/29

      59       48,473  

Ritchie Bros Holdings, Inc., 6.75%, 03/15/28

      77       76,823  

Wesco Aircraft Holdings, Inc., 9.00%, 11/15/26

      662       62,890  
     

 

 

 
        502,547  
Consumer Discretionary — 2.2%                  

APi Group DE, Inc.(b)

     

4.13%, 07/15/29

      132       110,926  

4.75%, 10/15/29

      100       87,497  

Carnival Corp.(b)

     

7.63%, 03/01/26(h)

      152       147,863  

5.75%, 03/01/27(h)

      941       851,816  

9.88%, 08/01/27

      262       273,508  

4.00%, 08/01/28(h)

      477       413,596  

6.00%, 05/01/29(h)

      562       479,376  

7.00%, 08/15/29

      166       163,680  

Carnival Holdings Bermuda Ltd., 10.38%, 05/01/28(b)(h)

      2,394       2,567,012  

CoreLogic, Inc., 4.50%, 05/01/28(b)(h)

      927       703,389  

Legends Hospitality Holding Co. LLC/Legends Hospitality Co.-Issuer, Inc., 5.00%, 02/01/26(b)

      91       89,180  

Life Time, Inc.(b)

     

5.75%, 01/15/26(h)

      340       329,455  

8.00%, 04/15/26

      257       252,503  

Lindblad Expeditions LLC, 6.75%, 02/15/27(b)(h)

      305       285,556  

NCL Corp. Ltd.(b)

     

5.88%, 03/15/26(h)

      333       307,440  

8.38%, 02/01/28(h)

      132       133,896  
 

 

5  


Schedule of Investments (unaudited) (continued)

September 30, 2023

  

BlackRock Limited Duration Income Trust (BLW)

(Percentages shown are based on Net Assets)

 

Security          Par
(000)
    Value  

Consumer Discretionary (continued)

 

 

NCL Corp. Ltd.(b) (continued)

     

7.75%, 02/15/29

    USD       42     $ 38,981  

NCL Finance Ltd., 6.13%, 03/15/28(b)(h)

      261       230,333  

Neptune Bidco U.S., Inc., 9.29%, 04/15/29(b)

      255       230,855  

Royal Caribbean Cruises Ltd.(b)

     

11.50%, 06/01/25

      43       45,392  

4.25%, 07/01/26

      72       66,016  

5.50%, 08/31/26

      136       128,371  

5.38%, 07/15/27(h)

      134       124,017  

11.63%, 08/15/27

      176       190,942  

5.50%, 04/01/28(h)

      118       108,205  

8.25%, 01/15/29

      191       197,099  

9.25%, 01/15/29(h)

      378       399,333  

7.25%, 01/15/30

      286       283,452  

Techem Verwaltungsgesellschaft 675 mbH, 2.00%, 07/15/25(e)

    EUR       100       101,978  

Viking Cruises Ltd.(b)

     

5.88%, 09/15/27(h)

    USD       236       215,397  

7.00%, 02/15/29

      51       46,920  

9.13%, 07/15/31(h)

      657       657,302  

Viking Ocean Cruises Ship VII Ltd., 5.63%, 02/15/29(b)

      162       146,610  
     

 

 

 
          10,407,896  
Consumer Finance — 1.6%                  

Block, Inc.(h)

     

2.75%, 06/01/26

      698       627,780  

3.50%, 06/01/31

      1,133       890,041  

Capital One Financial Corp.(a)(h)

     

(1-day SOFR + 2.60%), 5.82%, 02/01/34

      440       396,528  

(1-day SOFR + 2.86%), 6.38%, 06/08/34

      100       94,372  

Equifax, Inc., 2.60%, 12/15/25

      59       54,890  

GTCR W-2 Merger Sub LLC, 7.50%, 01/15/31(b)(l)

      1,017       1,018,424  

Navient Corp.

     

6.13%, 03/25/24

      86       85,540  

5.88%, 10/25/24

      82       80,706  

5.50%, 03/15/29

      211       177,242  

9.38%, 07/25/30

      150       147,937  

Nexi SpA, 0.00%, 02/24/28(e)(m)(n)

    EUR       100       80,349  

OneMain Finance Corp.

     

6.88%, 03/15/25

    USD       303       300,598  

7.13%, 03/15/26(h)

      331       324,175  

3.50%, 01/15/27

      304       260,300  

6.63%, 01/15/28(h)

      240       221,441  

9.00%, 01/15/29

      29       28,906  

5.38%, 11/15/29

      105       87,938  

4.00%, 09/15/30

      206       154,573  

Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc., 4.63%, 11/01/26(b)(h)

      550       518,573  

Shift4 Payments, Inc., 0.00%, 12/15/25(m)(n)

      174       171,216  

Verscend Escrow Corp., 9.75%, 08/15/26(b)(h)

      1,817         1,817,316  
     

 

 

 
        7,538,845  
Consumer Staples Distribution & Retail — 0.9%  

Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC(b)

     

3.25%, 03/15/26(h)

      642       594,661  

7.50%, 03/15/26

      107       108,481  

4.63%, 01/15/27(h)

      477       450,392  

5.88%, 02/15/28(h)

      320       307,993  

6.50%, 02/15/28

      152       150,233  

3.50%, 03/15/29

      142       121,067  
Security          Par
(000)
    Value  

Consumer Staples Distribution & Retail (continued)

 

Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC(b) (continued)

     

4.88%, 02/15/30(h)

    USD       214     $ 192,819  

Bellis Acquisition Co. PLC, 3.25%, 02/16/26(e)

    GBP       100       105,936  

Darling Ingredients, Inc., 6.00%, 06/15/30(b)(h)

    USD       434       410,882  

Lamb Weston Holdings, Inc.(b)

     

4.88%, 05/15/28

      257       237,043  

4.13%, 01/31/30(h)

      312       266,806  

4.38%, 01/31/32(h)

      355       297,397  

Performance Food Group, Inc., 4.25%, 08/01/29(b)(h)

      299       258,288  

Post Holdings, Inc.(b)

     

5.75%, 03/01/27

      89       85,483  

4.63%, 04/15/30(h)

      118       101,041  

4.50%, 09/15/31

      13       10,820  

U.S. Foods, Inc.

     

6.88%, 09/15/28

      194       193,593  

4.75%, 02/15/29(b)(h)

      335       299,412  

4.63%, 06/01/30(b)

      39       33,883  

7.25%, 01/15/32(b)

      234       233,764  

United Natural Foods, Inc., 6.75%, 10/15/28(b)

      34       25,918  
     

 

 

 
          4,485,912  
Containers & Packaging — 0.5%        

Clydesdale Acquisition Holdings, Inc.(b)(h)

     

6.63%, 04/15/29

      585       543,926  

8.75%, 04/15/30

      584       500,873  

Crown Americas LLC/Crown Americas Capital Corp. V, 4.25%, 09/30/26

      196       184,240  

Crown Americas LLC/Crown Americas Capital Corp. VI, 4.75%, 02/01/26(h)

      424       407,235  

Graham Packaging Co., Inc., 7.13%, 08/15/28(b)

      60       50,265  

Graphic Packaging International LLC(b)

     

4.75%, 07/15/27

      89       83,894  

3.50%, 03/15/28

      9       7,896  

LABL, Inc., 5.88%, 11/01/28(b)(h)

      220       197,498  

OI European Group BV, 6.25%, 05/15/28

    EUR       115       123,578  

Owens-Brockway Glass Container, Inc., 7.25%, 05/15/31(b)(h)

    USD       235       229,713  

Sealed Air Corp.(b)

     

5.13%, 12/01/24

      46       45,310  

5.00%, 04/15/29

      59       53,048  

Sealed Air Corp./Sealed Air Corp. U.S., 6.13%, 02/01/28(b)

      173       167,554  
     

 

 

 
        2,595,030  
Diversified Consumer Services — 1.9%        

Allied Universal Holdco LLC/Allied Universal Finance Corp.(b)(h)

     

6.63%, 07/15/26

      1,737       1,645,877  

9.75%, 07/15/27

      676       604,624  

6.00%, 06/01/29

      1,356       1,010,881  

Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 SARL, 4.63%, 06/01/28(b)(h)

      1,963       1,632,046  

Clarivate Science Holdings Corp.(b)(h)

     

3.88%, 07/01/28

      757       655,335  

4.88%, 07/01/29

      735       626,475  

Garda World Security Corp.(b)

     

4.63%, 02/15/27

      261       238,831  

7.75%, 02/15/28(h)

      520       509,809  

Graham Holdings Co., 5.75%, 06/01/26(b)

      140       135,100  

Macquarie Airfinance Holdings Ltd., 8.13%, 03/30/29

      180       180,243  

Rekeep SpA, 7.25%, 02/01/26(e)

    EUR       100       95,612  
 

 

S C H E D U L E   O F   I N V E S T M E N T S

  6


Schedule of Investments (unaudited) (continued)

September 30, 2023

  

BlackRock Limited Duration Income Trust (BLW)

(Percentages shown are based on Net Assets)

 

Security          Par
(000)
    Value  

Diversified Consumer Services (continued)

 

 

Service Corp. International(h)

     

5.13%, 06/01/29

    USD       238     $ 220,031  

3.38%, 08/15/30

      263       211,978  

4.00%, 05/15/31

      333       273,387  

Sotheby’s, 7.38%, 10/15/27(b)(h)

      1,046       962,757  
     

 

 

 
        9,002,986  
Diversified REITs — 1.0%                  

Alexandria Real Estate Equities, Inc., 4.00%, 02/01/50(h)

      450       313,885  

Global Net Lease, Inc./Global Net Lease Operating Partnership LP, 3.75%, 12/15/27(b)

      108       83,618  

Healthpeak OP LLC, 2.88%, 01/15/31(h)

      1,000       812,304  

Iron Mountain, Inc.(b)

     

7.00%, 02/15/29(h)

      657       642,568  

5.63%, 07/15/32

      19       16,403  

MPT Operating Partnership LP/MPT Finance Corp.

     

2.55%, 12/05/23

    GBP       104       123,145  

2.50%, 03/24/26

      339       313,304  

4.63%, 08/01/29

    USD       220       155,818  

3.50%, 03/15/31(h)

      949       592,622  

RHP Hotel Properties LP/RHP Finance Corp.

     

4.75%, 10/15/27(h)

      704       640,640  

7.25%, 07/15/28

      327       321,275  

4.50%, 02/15/29(b)

      256       219,380  

Service Properties Trust, 7.50%, 09/15/25

      165       162,102  

Ventas Realty LP, 4.13%, 01/15/26(h)

      650       622,104  
     

 

 

 
        5,019,168  
Diversified Telecommunication Services — 2.3%        

Altice Financing SA(b)(h)

     

5.13%, 07/15/29

      702       499,056  

5.75%, 08/15/29

      1,124       921,156  

AT&T, Inc., 4.30%, 02/15/30(h)

      1,350       1,219,531  

British Telecommunications PLC, (5-year UK Government Bond + 3.82%), 8.38%, 12/20/83

    GBP       100       121,704  

Cellnex Telecom SA, 2.13%, 08/11/30

    EUR       100       100,496  

Level 3 Financing, Inc.(b)

     

3.40%, 03/01/27

    USD       1,006       941,998  

4.63%, 09/15/27

      1,044       750,810  

3.63%, 01/15/29

      99       55,440  

10.50%, 05/15/30

      1,244       1,252,195  

Lumen Technologies, Inc., 4.00%, 02/15/27(b)

      473       311,447  

SoftBank Group Corp., 3.88%, 07/06/32(e)

    EUR       100       80,606  

Telecom Italia Capital SA

     

6.38%, 11/15/33

    USD       210       182,085  

6.00%, 09/30/34(h)

      462       385,207  

7.20%, 07/18/36

      85       75,632  

7.72%, 06/04/38

      36       32,940  

Telecom Italia SpA

     

5.30%, 05/30/24(b)

      200       196,638  

7.88%, 07/31/28(e)

    EUR       171       187,152  

Verizon Communications, Inc., 3.70%, 03/22/61(h)

    USD       1,000       636,355  

Zayo Group Holdings, Inc.(b)(h)

     

4.00%, 03/01/27

      3,882       2,880,000  

6.13%, 03/01/28

      671       431,265  
     

 

 

 
          11,261,713  
Electric Utilities — 0.6%                  

Black Hills Corp., 3.15%, 01/15/27(h)

      305       279,634  

Comision Federal de Electricidad, 4.88%, 01/15/24(h)

      200       198,324  
Security         

Par

(000)

    Value  

Electric Utilities (continued)

     

Electricite de France SA, (5-year CMT + 5.41%), 9.13%(a)(b)(j)

    USD       205     $ 213,556  

Enel Finance International NV, 3.63%,
05/25/27(b)(h)

      900       835,940  

Mong Duong Finance Holdings BV, 5.13%, 05/07/29

    .       250       226,212  

NextEra Energy Operating Partners LP(b)

     

4.25%, 07/15/24

      170       166,376  

4.25%, 09/15/24

      9       8,618  

3.88%, 10/15/26

      124       112,272  

Palomino Funding Trust I, 7.23%, 05/17/28(b)(h)

      250       250,890  

Pattern Energy Operations LP/Pattern Energy Operations, Inc., 4.50%, 08/15/28(b)

      319       277,051  

Star Energy Geothermal Wayang Windu Ltd., 6.75%, 04/24/33(e)

      162       155,468  

Talen Energy Supply LLC, 8.63%, 06/01/30(b)

      134       137,364  

Texas Competitive Electric Holdings, Series M, 5.03%, 10/10/19(a)(d)(f)(i)

      780        

TransAlta Corp., 7.75%, 11/15/29

      109       110,362  
     

 

 

 
        2,972,067  
Electrical Equipment(b) — 0.3%                  

Gates Global LLC/Gates Corp., 6.25%, 01/15/26(h)

      416       405,387  

GrafTech Finance, Inc., 4.63%, 12/15/28

      37       28,612  

Regal Rexnord Corp.(h)

     

6.05%, 04/15/28

      590       573,873  

6.30%, 02/15/30

      200       193,194  

6.40%, 04/15/33

      205       197,458  
     

 

 

 
        1,398,524  
Electronic Equipment, Instruments & Components(b)(h) — 0.3%  

Coherent Corp., 5.00%, 12/15/29

      374       324,273  

Imola Merger Corp., 4.75%, 05/15/29

      510       446,964  

Vertiv Group Corp., 4.13%, 11/15/28

      920       808,690  
     

 

 

 
        1,579,927  
Energy Equipment & Services — 0.6%                  

Archrock Partners LP/Archrock Partners Finance Corp.(b)

     

6.88%, 04/01/27

      304       294,072  

6.25%, 04/01/28(h)

      729       678,717  

Halliburton Co., 3.80%, 11/15/25(h)

      3       2,901  

Oceaneering International, Inc., 6.00%, 02/01/28(b)(l)

    .       71       66,886  

Patterson-UTI Energy, Inc., 7.15%, 10/01/33

      100       100,359  

Seadrill Finance Ltd., 8.38%, 08/01/30

      200       203,624  

Shelf Drilling Holdings, 9.63%, 04/15/29(l)

      203       199,313  

USA Compression Partners LP/USA Compression Finance Corp.(h)

     

6.88%, 04/01/26

      510       499,567  

6.88%, 09/01/27

      452       438,193  

Vallourec SA, 8.50%, 06/30/26(e)

    EUR       34       35,946  

Weatherford International Ltd.(b)

     

6.50%, 09/15/28

    USD       167       167,017  

8.63%, 04/30/30(h)

      314       316,404  
     

 

 

 
          3,002,999  
Environmental, Maintenance & Security Service — 0.9%  

Clean Harbors, Inc.(b)

     

4.88%, 07/15/27(h)

      250       235,584  

5.13%, 07/15/29(h)

      129       118,668  

6.38%, 02/01/31

      108       105,016  

Covanta Holding Corp.

     

4.88%, 12/01/29(b)

      142       116,497  

5.00%, 09/01/30

      70       55,860  
 

 

7  


Schedule of Investments (unaudited) (continued)

September 30, 2023

  

BlackRock Limited Duration Income Trust (BLW)

(Percentages shown are based on Net Assets)

 

Security          Par
(000)
    Value  

Environmental, Maintenance & Security Service (continued)

 

GFL Environmental, Inc.(b)

     

4.25%, 06/01/25

    USD       103     $ 98,983  

3.75%, 08/01/25

      312       295,739  

5.13%, 12/15/26

      243       231,479  

4.00%, 08/01/28(h)

      431       376,594  

3.50%, 09/01/28

      160       137,746  

4.75%, 06/15/29(h)

      378       336,007  

4.38%, 08/15/29(h)

      317       275,349  

Republic Services, Inc., 3.38%, 11/15/27(h)

      750       692,376  

Tervita Corp., 11.00%, 12/01/25(b)

      114       119,183  

Waste Pro USA, Inc., 5.50%, 02/15/26(b)(h)

      1,180       1,101,856  
     

 

 

 
          4,296,937  
Financial Services — 2.1%                  

Acuris Finance U.S., Inc./Acuris Finance SARL, 5.00%, 05/01/28(b)(h)

      403       331,468  

Aircastle Ltd., 6.50%, 07/18/28(b)(h)

      135       132,392  

ASG Finance Designated Activity Co., 7.88%, 12/03/24(b)

      200       194,332  

Barclays PLC, 5.20%, 05/12/26(h)

      200       192,678  

BNP Paribas SA(a)(b)(h)(j)

     

(5-year CMT + 3.34%), 4.63%

      1,500       1,065,114  

(5-year CMT + 4.35%), 8.50%

      420       410,896  

Castlelake Aviation Finance DAC, 5.00%, 04/15/27(b)

      34       31,054  

Citigroup, Inc., (1-day SOFR + 2.66%), 6.17%, 05/25/34(a)(h)

      430       410,918  

Deutsche Bank AG, (1-day SOFR + 3.18%), 6.72%, 01/18/29(a)(h)

      1,100       1,093,462  

Freedom Mortgage Corp., 12.25%, 10/01/30

      103       105,281  

GGAM Finance Ltd.(b)

     

7.75%, 05/15/26

      45       44,550  

8.00%, 06/15/28

      45       44,911  

Global Aircraft Leasing Co. Ltd., (6.50% Cash or 7.25% PIK), 6.50%, 09/15/24(b)(k)

      231       220,455  

Goldman Sachs Group, Inc., Series R, (5-year CMT + 3.22%), 4.95%(a)(h)(j)

      730       675,997  

Home Point Capital, Inc., 5.00%, 02/01/26(b)(h)

      1,390       1,298,394  

HSBC Holdings PLC(h)

     

4.38%, 11/23/26

      395       374,834  

(5-year USD ICE Swap + 4.37%), 6.38%(a)(j)

      500       480,303  

ION Trading Technologies SARL, 5.75%, 05/15/28(b)

      200       174,384  

Jefferies Finance LLC/JFIN Co.-Issuer Corp., 5.00%, 08/15/28(b)(h)

      325       273,652  

Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.(b)

     

5.25%, 10/01/25

      43       41,400  

4.25%, 02/01/27

      170       148,687  

4.75%, 06/15/29

      67       54,123  

Lloyds Banking Group PLC, (5-year CMT + 4.82%), 6.75%(a)(h)(j)

      450       413,895  

MGIC Investment Corp., 5.25%, 08/15/28(h)

      167       155,513  

Nationstar Mortgage Holdings, Inc.(b)

     

6.00%, 01/15/27(h)

      147       138,904  

5.13%, 12/15/30(h)

      104       84,440  

5.75%, 11/15/31

      114       94,303  

Permian Resources Operating LLC, 7.00%, 01/15/32

      182       179,491  

Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc.(b)

     

2.88%, 10/15/26(h)

      826       727,450  

3.88%, 03/01/31

      111       88,508  
Security          Par
(000)
    Value  

Financial Services (continued)

     

Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc.(b) (continued)

     

4.00%, 10/15/33

    USD       81     $ 61,170  

Spectrum Brands, Inc.(b)

     

5.00%, 10/01/29

      141       127,760  

5.50%, 07/15/30

      154       139,631  

UBS Group AG, (1-year CMT + 1.80%), 6.25%, 09/22/29(a)(b)

      211       208,786  
     

 

 

 
        10,219,136  
Food Products — 0.7%                  

Aramark International Finance SARL, 3.13%, 04/01/25(e)

    EUR       138       143,070  

Aramark Services, Inc.(b)(h)

     

5.00%, 04/01/25

    USD       495       486,541  

6.38%, 05/01/25

      188       190,997  

5.00%, 02/01/28

      436       403,227  

B&G Foods, Inc., 8.00%, 09/15/28

      113       113,154  

BRF SA, 4.88%, 01/24/30(e)

      200       161,250  

Chobani LLC/Chobani Finance Corp., Inc.(b)(h)

     

7.50%, 04/15/25

      1,178       1,166,903  

4.63%, 11/15/28

      608       536,244  

Darling Global Finance BV, 3.63%, 05/15/26(e)

    EUR       120       122,752  

Simmons Foods, Inc./Simmons Prepared Foods, Inc./Simmons Pet Food, Inc./Simmons Feed, 4.63%, 03/01/29(b)

    USD       129       105,822  
     

 

 

 
        3,429,960  
Gas Utilities — 0.0%                  

Suburban Propane Partners LP/Suburban Energy Finance Corp., 5.00%, 06/01/31(b)

      91       75,960  
     

 

 

 
Ground Transportation — 0.5%                  

Danaos Corp., 8.50%, 03/01/28(b)

      100       101,122  

Forward Air Corp., 9.50%, 10/15/31(l)

      366       365,744  

Lima Metro Line 2 Finance Ltd., 5.88%, 07/05/34(b)(h)

      1,355       1,290,488  

Union Pacific Corp., 3.20%, 05/20/41(h)

      600       432,039  
     

 

 

 
        2,189,393  
Health Care Equipment & Supplies — 0.5%                  

Avantor Funding, Inc.

     

2.63%, 11/01/25(e)

    EUR       100       100,881  

4.63%, 07/15/28(b)(h)

    USD       665       606,266  

3.88%, 11/01/29(b)

      209       178,626  

Bausch & Lomb Escrow Corp., 8.38%, 10/01/28(b)(h)

      1,222       1,225,629  

Embecta Corp., 6.75%, 02/15/30(b)

      39       31,883  

Garden Spinco Corp., 8.63%, 07/20/30(b)

      199       207,727  
     

 

 

 
          2,351,012  
Health Care Providers & Services — 2.8%                  

Acadia Healthcare Co., Inc., 5.50%, 07/01/28(b)

      115       106,946  

AdaptHealth LLC(b)

     

6.13%, 08/01/28

      73       63,010  

5.13%, 03/01/30

      26       20,134  

AHP Health Partners, Inc., 5.75%, 07/15/29(b)

      324       288,094  

CHS/Community Health Systems, Inc.(b)

     

5.63%, 03/15/27

      185       158,677  

6.00%, 01/15/29(h)

      544       439,324  

5.25%, 05/15/30(h)

      662       503,237  

4.75%, 02/15/31(h)

      519       367,307  

Elevance Health, Inc., 3.65%, 12/01/27(h)

      1,000       926,903  

Encompass Health Corp. 4.50%, 02/01/28

      15       13,667  
 

 

S C H E D U L E   O F   I N V E S T M E N T S

  8


Schedule of Investments (unaudited) (continued)

September 30, 2023

  

BlackRock Limited Duration Income Trust (BLW)

(Percentages shown are based on Net Assets)

 

Security          Par
(000)
    Value  

Health Care Providers & Services (continued)

 

   

Encompass Health Corp. (continued)

     

4.75%, 02/01/30(h)

    USD       299     $ 264,523  

4.63%, 04/01/31

      237       200,900  

HCA, Inc., 5.50%, 06/15/47(h)

      650       554,814  

HealthEquity, Inc., 4.50%, 10/01/29(b)(h)

      738       635,695  

IQVIA, Inc., 6.50%, 05/15/30(b)

      211       206,520  

Legacy LifePoint Health LLC, 4.38%, 02/15/27(b)

      253       217,580  

LifePoint Health, Inc.

     

9.88%, 08/15/30

      345       334,005  

11.00%, 10/15/30(l)

      397       397,000  

Medline Borrower LP(b)(h)

     

3.88%, 04/01/29

      581       491,190  

5.25%, 10/01/29

      1,339       1,157,293  

ModivCare, Inc., 5.88%, 11/15/25(b)(h)

      357       339,350  

Molina Healthcare, Inc.(b)

     

4.38%, 06/15/28

      46       41,218  

3.88%, 11/15/30

      80       66,209  

3.88%, 05/15/32(h)

      141       113,080  

Prime Healthcare Services, Inc., 7.25%, 11/01/25(b)

      48       44,382  

RegionalCare Hospital Partners Holdings, Inc./LifePoint Health, Inc., 9.75%, 12/01/26(b)

      88       85,194  

Surgery Center Holdings, Inc.(b)(h)

     

6.75%, 07/01/25

      305       302,712  

10.00%, 04/15/27

      621       627,986  

Teleflex, Inc.

     

4.63%, 11/15/27

      80       73,400  

4.25%, 06/01/28(b)(h)

      331       296,096  

Tenet Healthcare Corp.

     

4.88%, 01/01/26(h)

      1,077       1,031,798  

6.25%, 02/01/27(h)

      179       173,199  

5.13%, 11/01/27(h)

      216       201,017  

4.63%, 06/15/28

      81       72,912  

6.13%, 10/01/28(h)

      183       171,791  

6.13%, 06/15/30

      250       234,387  

6.75%, 05/15/31(b)(h)

      856       825,587  

UnitedHealth Group, Inc., 3.75%, 07/15/25(h)

      1,470       1,430,012  
     

 

 

 
          13,477,149  
Health Care Technology(b) — 0.7%                  

AthenaHealth Group, Inc., 6.50%, 02/15/30(h)

      1,923       1,608,603  

Catalent Pharma Solutions, Inc.(h)

     

5.00%, 07/15/27

      442       405,497  

3.13%, 02/15/29

      249       204,229  

3.50%, 04/01/30

      107       88,095  

Charles River Laboratories International, Inc.

     

4.25%, 05/01/28

      159       142,588  

4.00%, 03/15/31

      42       35,542  

Fortrea Holdings, Inc., 7.50%, 07/01/30(h)

      196       190,711  

IQVIA, Inc.(h)

     

5.00%, 10/15/26

      463       442,652  

5.00%, 05/15/27

      437       411,906  
     

 

 

 
          3,529,823  
Hotels, Restaurants & Leisure — 3.4%                  

Boyd Gaming Corp.

     

4.75%, 12/01/27

      133       122,438  

4.75%, 06/15/31(b)(h)

      333       283,375  

Boyne USA, Inc., 4.75%, 05/15/29(b)(h)

      344       300,881  

Burger King (Restaurant Brands International, Inc.)/New Red Finance,
Inc.(b)

     

5.75%, 04/15/25

      207       205,412  
Security          Par
(000)
    Value  

Hotels, Restaurants & Leisure (continued)

     

Burger King (Restaurant Brands International, Inc.)/New Red Finance, Inc.(b) (continued)

     

3.88%, 01/15/28(h)

    USD       208     $ 186,584  

4.38%, 01/15/28(h)

      134       120,781  

4.00%, 10/15/30

      58       48,196  

Caesars Entertainment, Inc.(b)(h)

     

6.25%, 07/01/25

      1,150       1,134,260  

8.13%, 07/01/27

      1,508       1,515,189  

4.63%, 10/15/29

      175       148,235  

7.00%, 02/15/30

      1,527         1,485,865  

Caesars Resort Collection LLC/CRC Finco, Inc., 5.75%, 07/01/25(b)(h)

      478       475,981  

CDI Escrow Issuer, Inc., 5.75%, 04/01/30(b)(h)

      731       660,399  

Churchill Downs, Inc.(b)

     

5.50%, 04/01/27(h)

      695       662,468  

4.75%, 01/15/28

      137       123,580  

6.75%, 05/01/31(h)

      389       367,605  

Cirsa Finance International SARL, (3-mo. EURIBOR + 4.50%), 8.19%, 07/31/28

    EUR       100       105,780  

Fertitta Entertainment LLC/Fertitta Entertainment Finance Co., Inc.(b)

     

4.63%, 01/15/29(h)

    USD       483       409,342  

6.75%, 01/15/30

      68       55,427  

Hilton Domestic Operating Co., Inc.

     

5.38%, 05/01/25(b)

      145       142,472  

5.75%, 05/01/28(b)

      200       193,345  

3.75%, 05/01/29(b)

      146       126,262  

4.88%, 01/15/30(h)

      501       455,949  

4.00%, 05/01/31(b)

      189       158,888  

3.63%, 02/15/32(b)

      4       3,225  

Light & Wonder International, Inc., 7.50%, 09/01/31

      191       188,775  

Lindblad Expeditions Holdings, Inc., 9.00%, 05/15/28(b)

      246       245,464  

Lottomatica SpA, (3-mo. EURIBOR + 4.13%), 7.93%, 06/01/28(a)(e)

    EUR       100       106,544  

Melco Resorts Finance Ltd.

     

4.88%, 06/06/25(b)(h)

    USD       400       377,740  

5.38%, 12/04/29(b)(h)

      600       493,026  

5.38%, 12/04/29(e)

      250       205,427  

Merlin Entertainments Ltd., 5.75%, 06/15/26(b)(h)

      600       572,925  

MGM China Holdings Ltd.

     

5.88%, 05/15/26(e)

      250       236,895  

4.75%, 02/01/27(b)

      200       179,834  

Midwest Gaming Borrower LLC/Midwest Gaming Finance Corp., 4.88%, 05/01/29(b)

      146       124,300  

Ontario Gaming GTA LP, 8.00%, 08/01/30

      161       161,000  

Premier Entertainment Sub LLC/Premier Entertainment Finance Corp.(b)

     

5.63%, 09/01/29

      116       89,320  

5.88%, 09/01/31

      116       85,550  

Raptor Acquisition Corp./Raptor Co.-Issuer LLC, 4.88%, 11/01/26(b)

      177       165,716  

Scientific Games Holdings LP/Scientific Games US FinCo, Inc., 6.63%, 03/01/30(b)

      115       99,187  

Scientific Games International, Inc.(b)(h)

     

7.00%, 05/15/28

      174       171,026  

7.25%, 11/15/29

      51       49,980  

Six Flags Entertainment Corp., 7.25%, 05/15/31(b)(h)

      678       636,561  

Six Flags Theme Parks, Inc., 7.00%, 07/01/25(b)

      269       268,318  

Station Casinos LLC, 4.63%, 12/01/31(b)(h)

      277       221,568  
 

 

9  


Schedule of Investments (unaudited) (continued)

September 30, 2023

  

BlackRock Limited Duration Income Trust (BLW)

(Percentages shown are based on Net Assets)

 

Security          Par
(000)
    Value  

Hotels, Restaurants & Leisure (continued)

 

   

Vail Resorts, Inc., 6.25%, 05/15/25(b)

    USD       154     $ 153,170  

Wyndham Hotels & Resorts, Inc., 4.38%, 08/15/28(b)

      158       141,913  

Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp., 5.25%, 05/15/27(b)(h)

      192       178,598  

Wynn Macau Ltd.

     

5.50%, 01/15/26(e)

      347       321,822  

5.63%, 08/26/28(b)(h)

      600       517,500  

Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.(b)(h)

     

5.13%, 10/01/29

      773       675,700  

7.13%, 02/15/31

      318       301,853  
     

 

 

 
          16,461,651  
Household Durables — 0.6%                  

Ashton Woods USA LLC/Ashton Woods Finance Co.(b)

     

Series B, 4.63%, 08/01/29

      100       84,386  

Series B, 4.63%, 04/01/30

      145       118,696  

Brookfield Residential Properties, Inc./Brookfield Residential U.S. LLC(b)

     

5.00%, 06/15/29

      208       171,199  

4.88%, 02/15/30(h)

      364       296,034  

CD&R Smokey Buyer, Inc., 6.75%, 07/15/25(b)

      253       243,791  

Dream Finders Homes, Inc., 8.25%, 08/15/28

      115       115,779  

K Hovnanian Enterprises, Inc., 7.75%, 02/15/26(b)

      44       44,849  

Mattamy Group Corp., 4.63%, 03/01/30(b)(h)

      199       169,365  

Meritage Homes Corp., 5.13%, 06/06/27

      50       47,127  

NCR Corp.(b)

     

5.75%, 09/01/27

      220       221,638  

5.00%, 10/01/28

      110       98,461  

6.13%, 09/01/29

      92       94,348  

SWF Escrow Issuer Corp., 6.50%,
10/01/29(b)(h)

      830       530,951  

Taylor Morrison Communities, Inc.(b)

     

5.88%, 06/15/27

      255       242,424  

5.13%, 08/01/30

      54       47,182  

Tempur Sealy International, Inc.(b)

     

4.00%, 04/15/29

      204       170,259  

3.88%, 10/15/31

      97       74,831  

Tri Pointe Group, Inc./Tri Pointe Homes, Inc., 5.88%, 06/15/24

      11       10,922  

Tri Pointe Homes, Inc., 5.25%, 06/01/27

      15       14,036  
     

 

 

 
          2,796,278  
Household Products — 0.0%                  

Berkline Benchcraft LLC, 4.50%,
05/03/12(d)(f)(i)

      200        

Central Garden & Pet Co.

     

5.13%, 02/01/28

      15       13,989  

4.13%, 10/15/30(h)

      194       161,741  
     

 

 

 
        175,730  
Independent Power and Renewable Electricity Producers — 0.7%  

Alexander Funding Trust II, 7.47%, 07/31/28(b)

      170       170,223  

Calpine Corp.(b)

     

5.25%, 06/01/26

      221       214,565  

5.13%, 03/15/28(h)

      1,060       943,864  

4.63%, 02/01/29

      106       88,760  

5.00%, 02/01/31

      43       34,769  

Clearway Energy Operating LLC(b)

     

4.75%, 03/15/28(h)

      336       300,505  

3.75%, 02/15/31

      23       18,142  

3.75%, 01/15/32

      307       238,656  
Security          Par
(000)
    Value  

Independent Power and Renewable Electricity Producers (continued)

 

Greenko Solar Mauritius Ltd., 5.95%, 07/29/26(e)

    USD       200     $ 185,584  

NRG Energy, Inc.(h)

     

6.63%, 01/15/27

      720       705,278  

7.00%, 03/15/33(b)

      205       198,066  

TerraForm Power Operating LLC(b)

     

5.00%, 01/31/28

      96       87,120  

4.75%, 01/15/30

      186       158,918  
     

 

 

 
        3,344,450  
Insurance — 2.0%                  

Acrisure LLC/Acrisure Finance, Inc., 6.00%, 08/01/29(b)

      136       114,287  

Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer(b)(h)

     

4.25%, 10/15/27

      1,317       1,179,163  

6.75%, 10/15/27

      2,364       2,198,548  

6.75%, 04/15/28

      558       538,500  

5.88%, 11/01/29

      1,103       955,219  

Allied World Assurance Co. Holdings Ltd., 4.35%, 10/29/25(h)

      360       344,257  

AmWINS Group, Inc., 4.88%, 06/30/29(b)(h)

      285       249,725  

GTCR AP Finance, Inc., 8.00%, 05/15/27(b)(h)

      304       298,819  

HUB International Ltd.(b)(h)

     

7.00%, 05/01/26

      1,151       1,148,470  

7.25%, 06/15/30

      1,601       1,598,070  

Jones Deslauriers Insurance Management,
Inc.(b)

     

8.50%, 03/15/30(h)

      506       509,715  

10.50%, 12/15/30

      256       260,463  

NFP Corp., 8.50%, 10/01/31

      189       189,287  

Ryan Specialty LLC, 4.38%, 02/01/30(b)

      183       159,361  
     

 

 

 
          9,743,884  
Interactive Media & Services — 0.2%                  

Arches Buyer, Inc., 4.25%, 06/01/28(b)

      110       93,785  

Cablevision Lightpath LLC, 5.63%, 09/15/28(b)(h) iliad SA(e)

      400       306,974  

5.38%, 06/14/27

    EUR       100       102,744  

5.63%, 02/15/30

      100       100,703  

Northwest Fiber LLC/Northwest Fiber Finance Sub, Inc., 4.75%, 04/30/27(b)

    USD       279       248,310  
     

 

 

 
        852,516  
Internet Software & Services — 1.0%                  

Go Daddy Operating Co. LLC/GD Finance Co., Inc.(b)

     

5.25%, 12/01/27

      303       285,818  

3.50%, 03/01/29

      204       171,636  

Match Group Holdings II LLC(b)

     

4.63%, 06/01/28

      157       140,753  

5.63%, 02/15/29

      177       163,283  

4.13%, 08/01/30

      198       163,382  

3.63%, 10/01/31(h)

      153       120,735  

Uber Technologies, Inc.

     

7.50%, 05/15/25(b)(h)

      667       671,169  

0.00%, 12/15/25(m)(n)

      916       854,551  

8.00%, 11/01/26(b)(h)

      419       423,925  

7.50%, 09/15/27(b)(h)

      622       627,165  

6.25%, 01/15/28(b)

      402       393,102  

4.50%, 08/15/29(b)(h)

      972       868,829  
     

 

 

 
        4,884,348  
IT Services — 1.0%                  

Ahead DB Holdings LLC, 6.63%, 05/01/28(b)

      150       126,702  
 

 

S C H E D U L E   O F   I N V E S T M E N T S

  10


Schedule of Investments (unaudited) (continued)

September 30, 2023

  

BlackRock Limited Duration Income Trust (BLW)

(Percentages shown are based on Net Assets)

 

Security          Par
(000)
    Value  

IT Services (continued)

 

CA Magnum Holdings, 5.38%, 10/31/26(b)(h)

    USD       382     $ 337,054  

Camelot Finance SA, 4.50%, 11/01/26(b)(h)

      624       576,070  

Central Parent LLC/CDK Global II LLC/CDK Financing Co, Inc., 8.00%, 06/15/29(h)

      582       579,846  

Dun & Bradstreet Corp., 5.00%, 12/15/29(b)(h)

      615       530,215  

Engineering - Ingegneria Informatica - SpA, 11.13%, 05/15/28(e)

    EUR       100       105,646  

Fair Isaac Corp., 4.00%, 06/15/28(b)(h)

    USD       366       327,233  

Gartner, Inc.(b)

     

4.50%, 07/01/28

      23       20,983  

3.63%, 06/15/29

      57       48,762  

KBR, Inc., 4.75%, 09/30/28(b)

      226       198,880  

La Financiere Atalian SASU, 5.13%, 05/15/25(e)

    EUR       100       77,602  

McAfee Corp., 7.38%, 02/15/30(b)(h)

    USD       722       604,453  

Presidio Holdings, Inc., 4.88%, 02/01/27(b)

      47       43,450  

Science Applications International Corp., 4.88%, 04/01/28(b)(h)

      289       262,282  

Tempo Acquisition LLC/Tempo Acquisition Finance Corp., 5.75%, 06/01/25(b)

      163       159,133  

Twilio, Inc.

     

3.63%, 03/15/29

      142       118,874  

3.88%, 03/15/31(h)

      319       259,373  

ZoomInfo Technologies LLC/ZoomInfo Finance Corp., 3.88%, 02/01/29(b)(h)

      563       469,230  
     

 

 

 
        4,845,788  
Leisure Products — 0.1%                  

Acushnet Co., 7.38%, 10/15/28(l)

      87       87,652  

Mattel, Inc.(h)

     

6.20%, 10/01/40

      219       195,057  

5.45%, 11/01/41

      172       141,870  
     

 

 

 
        424,579  
Life Sciences Tools & Services — 0.2%                  

Star Parent, Inc., 9.00%, 10/01/30(h)

      888       897,326  
     

 

 

 
Machinery — 1.2%                  

ATS Corp., 4.13%, 12/15/28(b)

      108       95,445  

Chart Industries, Inc.(b)

     

7.50%, 01/01/30(h)

      623       626,414  

9.50%, 01/01/31

      92       97,778  

GrafTech Global Enterprises, Inc., 9.88%, 12/15/28(h)

      350       331,625  

Husky III Holding Ltd., (13.00% Cash or 13.75% PIK), 13.00%, 02/15/25(b)(h)(k)

      240       237,605  

Madison IAQ LLC, 5.88%, 06/30/29(b)(h)

      696       560,448  

OT Merger Corp., 7.88%, 10/15/29(b)

      115       70,371  

Terex Corp., 5.00%, 05/15/29(b)(h)

      333       298,210  

Titan Acquisition Ltd./Titan Co.-Borrower LLC, 7.75%, 04/15/26(b)(h)

      900       882,000  

TK Elevator Holdco GmbH

     

6.63%, 07/15/28(e)

    EUR       129       118,549  

7.63%, 07/15/28(b)(h)

    USD       400       364,091  

TK Elevator Midco GmbH, 4.38%, 07/15/27(e)

    EUR       311       297,470  

TK Elevator U.S. Newco, Inc., 5.25%, 07/15/27(b)(h)

    USD       1,833       1,679,997  
     

 

 

 
          5,660,003  
Media — 6.9%                  

AMC Networks, Inc., 4.75%, 08/01/25

      189       174,366  

Cable One, Inc.

     

0.00%, 03/15/26(m)(n)

      88       71,984  

1.13%, 03/15/28(h)(m)

      620       461,280  

4.00%, 11/15/30(b)(h)

      151       115,032  
Security          Par
(000)
    Value  

Media (continued)

     

CCO Holdings LLC/CCO Holdings Capital
Corp.(b)(h)

     

5.13%, 05/01/27

    USD       565     $ 526,420  

5.00%, 02/01/28

      701       636,605  

6.38%, 09/01/29

      734       684,430  

4.75%, 03/01/30

      246       206,505  

4.25%, 02/01/31

      764       608,173  

7.38%, 03/01/31

      1,594       1,539,531  

4.75%, 02/01/32

      260       208,000  

4.25%, 01/15/34

      273       201,004  

Charter Communications Operating LLC/Charter Communications Operating Capital(h)

     

4.91%, 07/23/25

      2,425       2,369,594  

5.38%, 05/01/47

      425       323,860  

Clear Channel International BV, 6.63%, 08/01/25(b)(h)

      584       577,341  

Clear Channel Outdoor Holdings, Inc.(h)

     

5.13%, 08/15/27(b)

      1,484       1,317,781  

7.75%, 04/15/28(b)

      330       263,476  

9.00%, 09/15/28

      996       986,379  

7.50%, 06/01/29(b)

      731       558,947  

CMG Media Corp., 8.88%, 12/15/27(b)(h)

      315       246,557  

Connect Finco SARL/Connect U.S. Finco LLC, 6.75%, 10/01/26(b)(h)

      1,866         1,740,414  

CSC Holdings LLC(b)(h)

     

5.50%, 04/15/27

      200       171,415  

11.25%, 05/15/28

      1,679       1,672,430  

6.50%, 02/01/29

      865       716,597  

4.13%, 12/01/30

      330       233,546  

4.50%, 11/15/31

      269       190,393  

Directv Financing LLC/Directv Financing Co-Obligor, Inc., 5.88%, 08/15/27(b)(h)

      429       379,313  

Discovery Communications LLC, 3.45%, 03/15/25(h)

      170       163,402  

DISH DBS Corp.

     

7.75%, 07/01/26(h)

      601       450,750  

5.25%, 12/01/26(b)(h)

      987       838,803  

5.75%, 12/01/28(b)

      174       133,762  

DISH Network Corp., 11.75%, 11/15/27(b)(h)

      804       810,003  

Frontier Communications Holdings LLC(b)

     

5.88%, 10/15/27

      267       242,828  

5.00%, 05/01/28(h)

      753       642,928  

8.75%, 05/15/30(h)

      1,028       976,061  

GCI LLC, 4.75%, 10/15/28(b)

      107       92,287  

Gray Television, Inc.(b)

     

5.88%, 07/15/26

      158       141,960  

7.00%, 05/15/27

      192       165,120  

Hughes Satellite Systems Corp., 5.25%, 08/01/26

      94       84,523  

Iliad Holding SASU(b)(h)

     

6.50%, 10/15/26

      1,423       1,336,927  

7.00%, 10/15/28

      343       312,225  

Interpublic Group of Cos., Inc., 5.40%, 10/01/48(h)

      200       170,061  

LCPR Senior Secured Financing DAC, 6.75%, 10/15/27(b)(h)

      360       330,660  

Ligado Networks LLC, (15.50% PIK), 15.50%, 11/01/23(b)(k)

      419       123,569  

Lions Gate Capital Holdings LLC, 5.50%, 04/15/29(b)

      232       152,959  

Live Nation Entertainment, Inc.(b)

     

4.88%, 11/01/24

      31       30,457  

5.63%, 03/15/26

      16       15,362  

6.50%, 05/15/27(h)

      1,582       1,559,838  

4.75%, 10/15/27(h)

      288       263,700  

3.75%, 01/15/28

      196       172,970  
 

 

11  


Schedule of Investments (unaudited) (continued)

September 30, 2023

  

BlackRock Limited Duration Income Trust (BLW)

(Percentages shown are based on Net Assets)

 

Security          Par
(000)
    Value  

Media (continued)

     

Midcontinent Communications/Midcontinent Finance Corp., 5.38%, 08/15/27(b)

    USD       177     $ 163,725  

Network i2i Ltd., (5-year CMT + 4.27%), 5.65%(a)(e)(h)(j)

      300       290,679  

Nexstar Media, Inc., 5.63%, 07/15/27(b)

      53       47,166  

Outfront Media Capital LLC/Outfront Media Capital Corp.(b)

     

5.00%, 08/15/27(h)

      558       491,643  

4.25%, 01/15/29(h)

      256       203,141  

4.63%, 03/15/30

      55       43,236  

Radiate Holdco LLC/Radiate Finance,
Inc.(b)(h)

     

4.50%, 09/15/26

      894       679,141  

6.50%, 09/15/28

      1,482       778,050  

Sable International Finance Ltd., 5.75%, 09/07/27(b)(h)

      200       180,750  

Sinclair Television Group, Inc., 4.13%, 12/01/30(b)(h)

      293       181,681  

Sirius XM Radio, Inc.(b)(h)

     

3.13%, 09/01/26

      491       437,604  

5.00%, 08/01/27

      812       741,681  

Stagwell Global LLC, 5.63%, 08/15/29(b)(h)

      101       81,557  

Summer BidCo BV, (9.00% Cash or 9.75% PIK), 9.00%, 11/15/25(e)(k)

    EUR       118       120,524  

TEGNA, Inc., 4.75%, 03/15/26(b)

    USD       45       42,637  

Telenet Finance Luxembourg Notes SARL, 5.50%, 03/01/28(b)

      200       180,000  

Univision Communications, Inc.(b)

     

5.13%, 02/15/25

      94       91,619  

6.63%, 06/01/27

      188       175,089  

8.00%, 08/15/28(h)

      343       332,538  

7.38%, 06/30/30(h)

      174       159,018  

UPC Broadband Finco BV, 4.88%, 07/15/31(b)(h)

      449       364,355  

Virgin Media Vendor Financing Notes IV DAC, 5.00%, 07/15/28(b)(h)

      754       650,642  

VZ Secured Financing BV, 3.50%, 01/15/32(e)

    EUR       100       81,125  

Ziggo Bond Co. BV(b)

     

6.00%, 01/15/27(h)

    USD       199       182,183  

5.13%, 02/28/30

      225       167,853  

Ziggo BV, 4.88%, 01/15/30(b)

      200       162,931  
     

 

 

 
          33,423,096  
Metals & Mining — 1.9%                  

ABJA Investment Co. Pte. Ltd., 5.95%, 07/31/24(e)

      250       248,625  

Arsenal AIC Parent LLC, 8.00%, 10/01/30(b)

      138       137,313  

ATI, Inc.

     

5.88%, 12/01/27

      171       162,022  

4.88%, 10/01/29

      101       88,853  

7.25%, 08/15/30(h)

      525       521,062  

5.13%, 10/01/31

      273       236,243  

Big River Steel LLC/BRS Finance Corp., Series L, 6.63%, 01/31/29(b)(h)

      1,143       1,129,330  

Carpenter Technology Corp.

     

6.38%, 07/15/28

      81       78,122  

7.63%, 03/15/30(h)

      326       326,407  

Constellium SE

     

4.25%, 02/15/26(e)

    EUR       100       103,098  

5.88%, 02/15/26(b)(h)

    USD       588       574,276  

5.63%, 06/15/28(b)(h)

      500       470,411  

3.75%, 04/15/29(b)(h)

      756       633,465  

First Quantum Minerals Ltd., 8.63%, 06/01/31(b)

      331       329,345  

JSW Steel Ltd., 5.95%, 04/18/24(e)

      200       198,100  
Security          Par
(000)
    Value  

Metals & Mining (continued)

     

Kaiser Aluminum Corp.(b)(h)

     

4.63%, 03/01/28

    USD       163     $ 142,330  

4.50%, 06/01/31

      445       352,497  

New Gold, Inc., 7.50%, 07/15/27(b)(h)

      545       508,749  

Novelis Corp.(b)(h)

     

3.25%, 11/15/26

      850       759,132  

4.75%, 01/30/30

      951       823,043  

3.88%, 08/15/31

      1,030       822,542  

Novelis Sheet Ingot GmbH, 3.38%, 04/15/29(e)

    EUR       200       182,327  

Roller Bearing Co. of America, Inc., 4.38%, 10/15/29(b)

    USD       122       104,940  

Vedanta Resources Finance II PLC, 13.88%, 01/21/24(e)

      200       178,786  
     

 

 

 
        9,111,018  
Multi-Utilities — 0.1%                  

AmeriGas Partners LP/AmeriGas Finance Corp., 9.38%, 06/01/28(b)

      298       302,098  
     

 

 

 
Offshore Drilling & Other Services(b) — 0.4%                  

Entegris Escrow Corp., 4.75%, 04/15/29(h)

      2,108       1,895,109  

Entegris, Inc., 4.38%, 04/15/28

      169       150,423  
     

 

 

 
          2,045,532  
Oil, Gas & Consumable Fuels — 9.0%                  

Aethon United BR LP/Aethon United Finance Corp., 8.25%, 02/15/26(b)(h)

      552       547,645  

Antero Midstream Partners LP/Antero Midstream Finance Corp.(b)

     

5.75%, 03/01/27

      298       284,427  

5.75%, 01/15/28

      59       55,650  

5.38%, 06/15/29

      206       188,611  

Apache Corp., 5.35%, 07/01/49

      119       91,169  

Arcosa, Inc., 4.38%, 04/15/29(b)

      374       326,391  

Ascent Resources Utica Holdings LLC/ARU Finance Corp.(b)

     

Series B, 9.00%, 11/01/27(h)

      552       695,520  

Series B, 8.25%, 12/31/28(h)

      880       870,842  

Series B, 5.88%, 06/30/29

      134       120,495  

Baytex Energy Corp., 8.50%, 04/30/30(b)

      139       140,644  

Buckeye Partners LP

     

4.13%, 03/01/25(b)

      262       248,880  

5.85%, 11/15/43

      145       105,849  

5.60%, 10/15/44

      86       61,191  

Callon Petroleum Co.

     

6.38%, 07/01/26

      162       158,989  

8.00%, 08/01/28(b)(h)

      909       910,298  

7.50%, 06/15/30(b)(h)

      654       634,103  

Cellnex Finance Co. SA, 1.25%, 01/15/29(e)

    EUR       100       88,194  

Chesapeake Energy Corp.(b)

     

5.88%, 02/01/29

    USD       41       38,579  

6.75%, 04/15/29(h)

      436       426,671  

CITGO Petroleum Corp., 8.38%, 01/15/29(b)(h)

      509       508,338  

Civitas Resources, Inc.(b)(h)

     

8.38%, 07/01/28

      814       828,245  

8.75%, 07/01/31

      638       651,697  

CNX Midstream Partners LP, 4.75%, 04/15/30(b)

      96       79,909  

CNX Resources Corp., 7.38%, 01/15/31(b)

      97       95,094  

Comstock Resources, Inc.(b)(h)

     

6.75%, 03/01/29

      509       468,225  

5.88%, 01/15/30

      353       305,567  
 

 

S C H E D U L E   O F   I N V E S T M E N T S

  12


Schedule of Investments (unaudited) (continued)

September 30, 2023

  

BlackRock Limited Duration Income Trust (BLW)

(Percentages shown are based on Net Assets)

 

Security          Par
(000)
    Value  
Oil, Gas & Consumable Fuels (continued)                  

CQP Holdco LP/BIP-V Chinook Holdco LLC, 5.50%, 06/15/31(b)(h)

    USD       1,617     $   1,433,225  

Crescent Energy Finance LLC(b)(h)

     

7.25%, 05/01/26

      708       693,840  

9.25%, 02/15/28

      457       466,574  

Crestwood Midstream Partners LP/Crestwood Midstream Finance Corp.(b)

     

5.63%, 05/01/27

      52       49,839  

6.00%, 02/01/29(h)

      326       314,688  

8.00%, 04/01/29

      45       46,158  

7.38%, 02/01/31

      96       97,771  

CrownRock LP/CrownRock Finance, Inc.(b)

     

5.63%, 10/15/25(h)

      670       659,246  

5.00%, 05/01/29

      59       55,281  

Diamond Foreign Asset Co./Diamond Finance LLC, 8.50%, 10/01/30

      221       221,031  

DT Midstream, Inc.(b)(h)

     

4.13%, 06/15/29

      328       283,734  

4.38%, 06/15/31

      418       351,502  

Dycom Industries, Inc., 4.50%, 04/15/29(b)

      119       102,935  

Earthstone Energy Holdings LLC(b)(h)

     

8.00%, 04/15/27

      272       278,397  

9.88%, 07/15/31

      309       336,029  

Ecopetrol SA, 8.88%, 01/13/33

      122       118,855  

eG Global Finance PLC(b)(h)

     

6.75%, 02/07/25

      376       369,420  

8.50%, 10/30/25

      252       248,012  

Enbridge, Inc.

     

(3-mo. CME Term SOFR + 3.90%), 6.25%, 03/01/78(a)(h)

      1,565       1,396,562  

(5-year CMT + 4.43%), 8.50%, 01/15/84

      194       192,404  

Endeavor Energy Resources LP/EER Finance, Inc., 5.75%, 01/30/28(b)(h)

      386       372,476  

Energean Israel Finance Ltd., 8.50%, 09/30/33

      74       73,908  

Energy Transfer LP(h)

     

3.90%, 07/15/26

      235       222,412  

Series H, (5-year CMT + 5.69%), 6.50%(a)(j)

      456       418,996  

EnLink Midstream LLC(h)

     

5.63%, 01/15/28(b)

      310       293,100  

5.38%, 06/01/29

      253       234,025  

6.50%, 09/01/30(b)

      210       203,707  

EnLink Midstream Partners LP

     

4.15%, 06/01/25

      7       6,682  

4.85%, 07/15/26

      63       59,312  

5.60%, 04/01/44

      205       170,150  

EQM Midstream Partners LP

     

6.00%, 07/01/25(b)

      128       126,013  

4.13%, 12/01/26

      100       92,565  

6.50%, 07/01/27(b)

      364       355,438  

4.50%, 01/15/29(b)

      21       18,689  

7.50%, 06/01/30(b)

      84       84,357  

4.75%, 01/15/31(b)(h)

      506         435,534  

Genesis Energy LP/Genesis Energy Finance Corp.

     

6.50%, 10/01/25

      112       110,075  

7.75%, 02/01/28(h)

      164       155,467  

8.88%, 04/15/30

      153       149,387  

Gulfport Energy Corp., 8.00%, 05/17/26(b)

      37       37,046  

Harvest Midstream I LP, 7.50%, 09/01/28(b)

      60       57,998  

Hess Corp., 4.30%, 04/01/27

      50       47,494  

Hess Midstream Operations LP, 4.25%, 02/15/30(b)(h)

      240       202,377  
Security          Par
(000)
    Value  
Oil, Gas & Consumable Fuels (continued)                  

Hilcorp Energy I LP/Hilcorp Finance Co.(b)

     

6.25%, 11/01/28

    USD       145     $ 135,969  

5.75%, 02/01/29

      212       191,435  

6.00%, 04/15/30

      21       18,935  

Howard Midstream Energy Partners LLC, 8.88%, 07/15/28(b)

      263       265,301  

HPCL-Mittal Energy Ltd., 5.45%, 10/22/26(e)(h)

      200       191,360  

HTA Group Ltd., 7.00%, 12/18/25(b)(h)

      200       192,406  

Impulsora Pipeline LLC, 6.05%, 01/01/43

      1,327         1,072,126  

ITT Holdings LLC, 6.50%, 08/01/29(b)(h)

      343       290,735  

Kinetik Holdings LP, 5.88%, 06/15/30(b)(h)

      309       289,687  

Leviathan Bond Ltd., 6.75%, 06/30/30(b)(e)

      61       56,094  

Magnolia Oil & Gas Operating LLC/Magnolia Oil & Gas Finance Corp., 6.00%, 08/01/26(b)

      32       30,884  

Matador Resources Co.(h)

     

5.88%, 09/15/26

      436       420,795  

6.88%, 04/15/28(b)

      248       243,497  

Medco Bell Pte. Ltd., 6.38%, 01/30/27(e)

      250       234,833  

MPLX LP, 4.25%, 12/01/27(h)

      185       173,773  

Murphy Oil Corp.

     

5.75%, 08/15/25

      14       13,982  

5.88%, 12/01/27

      56       54,343  

5.88%, 12/01/42

      29       23,446  

Murphy Oil USA, Inc., 4.75%, 09/15/29

      146       131,637  

Nabors Industries Ltd.(b)

     

7.25%, 01/15/26

      199       192,284  

7.50%, 01/15/28

      234       216,330  

Nabors Industries, Inc.(h)

     

5.75%, 02/01/25

      880       861,300  

7.38%, 05/15/27(b)

      57       55,140  

New Fortress Energy, Inc.(b)(h)

     

6.75%, 09/15/25

      479       457,256  

6.50%, 09/30/26

      610       561,647  

NGL Energy Operating LLC/NGL Energy Finance Corp., 7.50%, 02/01/26(b)(h)

      288       284,843  

Noble Finance II LLC, 8.00%, 04/15/30(b)

      310       314,054  

Northern Oil and Gas, Inc.(b)(h)

     

8.13%, 03/01/28

      1,102       1,100,678  

8.75%, 06/15/31

      323       325,423  

NuStar Logistics LP

     

6.00%, 06/01/26

      163       158,145  

6.38%, 10/01/30

      25       23,682  

Occidental Petroleum Corp., 6.20%, 03/15/40(h)

      264       251,646  

PBF Holding Co. LLC/PBF Finance Corp., 7.88%, 09/15/30(b)

      134       133,461  

PDC Energy, Inc., 5.75%, 05/15/26(h)

      235       234,189  

Permian Resources Operating LLC(b)

     

5.38%, 01/15/26

      52       49,784  

7.75%, 02/15/26(h)

      607       610,930  

6.88%, 04/01/27

      143       140,958  

5.88%, 07/01/29(h)

      392       368,749  

Petroleos Mexicanos

     

4.25%, 01/15/25

      37       35,225  

6.50%, 03/13/27

      85       74,538  

8.75%, 06/02/29

      130       114,479  

5.95%, 01/28/31(h)

      158       112,496  

6.70%, 02/16/32

      48       35,544  

Precision Drilling Corp., 6.88%, 01/15/29(b)

      12       11,366  

Puma International Financing SA, 5.13%, 10/06/24(b)

      200       198,000  

Rockcliff Energy II LLC, 5.50%, 10/15/29(b)(h)

      213       191,693  
 

 

13  


Schedule of Investments (unaudited) (continued)

September 30, 2023

  

BlackRock Limited Duration Income Trust (BLW)

(Percentages shown are based on Net Assets)

 

Security          Par
(000)
    Value  
Oil, Gas & Consumable Fuels (continued)                  

Rockies Express Pipeline LLC, 4.95%, 07/15/29(b)

    USD       51     $ 45,425  

Sitio Royalties Operating Partnership LP/Sitio Finance Corp., 7.88%, 11/01/28(l)

      341       341,852  

SM Energy Co.

     

5.63%, 06/01/25

      175       171,273  

6.75%, 09/15/26(h)

      202       198,287  

6.63%, 01/15/27

      21       20,580  

6.50%, 07/15/28(h)

      143       137,280  

Southwestern Energy Co.

     

5.70%, 01/23/25

      18       17,737  

5.38%, 02/01/29(h)

      252       232,089  

4.75%, 02/01/32

      5       4,291  

Sunoco LP/Sunoco Finance Corp.

     

6.00%, 04/15/27

      63       61,062  

5.88%, 03/15/28

      124       118,955  

7.00%, 09/15/28

      192       189,455  

Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.(b)

     

7.50%, 10/01/25

      13       12,964  

6.00%, 03/01/27

      41       38,534  

5.50%, 01/15/28

      72       65,520  

6.00%, 12/31/30

      28       24,716  

6.00%, 09/01/31

      131       114,190  

Transcontinental Gas Pipe Line Co. LLC, 4.00%, 03/15/28

      280       260,761  

Transocean Aquila Ltd., 8.00%, 09/30/28(b)(l)

      129       129,000  

Transocean Titan Financing Ltd., 8.38%, 02/01/28(b)(h)

      175       178,063  

Transocean, Inc.(b)

     

7.50%, 01/15/26(h)

      572       559,027  

11.50%, 01/30/27(h)

      569       596,739  

8.00%, 02/01/27

      265       255,062  

8.75%, 02/15/30(h)

      923       944,176  

Valaris Ltd., 8.38%, 04/30/30(b)(h)

      758       758,568  

Venture Global Calcasieu Pass LLC(b)(h)

     

3.88%, 08/15/29

      830       698,427  

4.13%, 08/15/31

      421       345,481  

3.88%, 11/01/33

      860       667,726  

Venture Global LNG, Inc.(b)(h)

     

8.13%, 06/01/28

      1,319       1,305,998  

8.38%, 06/01/31

      2,022       1,987,752  

Vermilion Energy, Inc., 6.88%, 05/01/30(b)

      159       150,445  

Vital Energy, Inc.

     

10.13%, 01/15/28

      226       230,352  

9.75%, 10/15/30

      226       231,036  

Western Midstream Operating LP

     

5.45%, 04/01/44(h)

      209       168,476  

5.30%, 03/01/48(h)

      199       155,328  

5.50%, 08/15/48

      99       78,717  

5.25%, 02/01/50(h)

      413       321,741  
     

 

 

 
          43,536,097  
Passenger Airlines — 0.8%                  

Air Canada, 3.88%, 08/15/26(b)(h)

      464       421,107  

Allegiant Travel Co., 7.25%, 08/15/27(b)

      72       67,770  

American Airlines, Inc.(b)

     

11.75%, 07/15/25

      44       47,300  

7.25%, 02/15/28

      84       80,313  

American Airlines, Inc./AAdvantage Loyalty IP Ltd.(b)(h)

     

5.50%, 04/20/26

      264       257,980  
Security          Par
(000)
    Value  
Passenger Airlines (continued)                  

American Airlines, Inc./AAdvantage Loyalty IP Ltd.(b)(h) (continued)

     

5.75%, 04/20/29

    USD       1,085     $ 992,828  

Hawaiian Brand Intellectual Property Ltd./HawaiianMiles Loyalty Ltd., 5.75%, 01/20/26(b)

      53       47,692  

Mileage Plus Holdings LLC/Mileage Plus Intellectual Property Assets Ltd., 6.50%, 06/20/27(b)(h)

      667       660,575  

Spirit Loyalty Cayman Ltd./Spirit IP Cayman Ltd., 8.00%, 09/20/25(b)

      161       160,919  

United Airlines Pass-Through Trust, Series 2020-1, Class B, 4.88%, 07/15/27(h)

      32       31,293  

United Airlines, Inc.(b)(h)

     

4.38%, 04/15/26

      514       475,342  

4.63%, 04/15/29

      690       593,076  

VistaJet Malta Finance PLC/Vista Management Holding, Inc., 7.88%, 05/01/27(b)

      127       109,379  
     

 

 

 
        3,945,574  
Personal Care Products — 0.0%                  

Coty, Inc./HFC Prestige Products, Inc./HFC Prestige International U.S. LLC, Series 2020, 6.63%, 07/15/30(b)

      259       252,872  
     

 

 

 
Pharmaceuticals — 1.0%                  

AbbVie, Inc., 4.25%, 11/14/28(h)

      1,000       949,891  

Cheplapharm Arzneimittel GmbH, 4.38%, 01/15/28(e)

    EUR       100       96,222  

CVS Health Corp., 3.75%, 04/01/30(h)

    USD       1,000       883,938  

Gruenenthal GmbH, 4.13%, 05/15/28(e)

    EUR       100       97,537  

Jazz Securities DAC, 4.38%, 01/15/29(b)(h)

    USD       200       174,377  

Option Care Health, Inc., 4.38%, 10/31/29(b)(h)

      245       211,619  

Organon & Co./Organon Foreign Debt Co-Issuer BV(b)(h)

     

4.13%, 04/30/28

      428       371,893  

5.13%, 04/30/31

      200       160,271  

PRA Health Sciences, Inc., 2.88%, 07/15/26(b)(h)

      484       436,698  

Teva Pharmaceutical Finance Netherlands II BV, 7.38%, 09/15/29

    EUR       100       107,465  

Teva Pharmaceutical Finance Netherlands III BV

     

3.15%, 10/01/26(h)

    USD       570       506,835  

4.75%, 05/09/27(h)

      400       366,204  

7.88%, 09/15/29

      200       202,468  

8.13%, 09/15/31(h)

      200       205,480  
     

 

 

 
          4,770,898  
Real Estate Management & Development — 0.3%  

Agps Bondco PLC(e)

     

5.50%, 11/13/26(f)(i)

    EUR       100       41,878  

5.00%, 01/14/29

      100       31,495  

Anywhere Real Estate Group LLC / Anywhere Co-Issuer Corp., 7.00%, 04/15/30(b)

    USD       362       326,218  

Anywhere Real Estate Group LLC/Anywhere Co.-Issuer Corp., Series AI, 7.00%, 04/15/30

      271       244,758  

Cushman & Wakefield U.S. Borrower LLC, 8.88%, 09/01/31

      148       143,190  

Fantasia Holdings Group Co. Ltd.(f)(i)

     

11.75%, 04/17/22(e)

      400       16,000  

11.88%, 06/01/23(e)

      200       8,000  

9.25%, 07/28/23

      200       8,000  

9.88%, 10/19/23(e)

      200       8,000  

Howard Hughes Corp.(b)

     

5.38%, 08/01/28

      65       57,270  

4.13%, 02/01/29

      149       119,200  
 

 

S C H E D U L E   O F   I N V E S T M E N T S

  14


Schedule of Investments (unaudited) (continued)

September 30, 2023

  

BlackRock Limited Duration Income Trust (BLW)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

    Value  
Real Estate Management & Development (continued)  

Howard Hughes Corp.(b) (continued)
4.38%, 02/01/31

    USD       100     $ 76,728  

Realogy Group LLC/Realogy Co.-Issuer Corp.,
5.75%, 01/15/29(b)

      8       5,784  

Theta Capital Pte. Ltd., 8.13%, 01/22/25(e)

      200       154,966  

Yanlord Land HK Co. Ltd., 6.80%,
02/27/24(e)(h)

      200       178,500  
   

 

 

 
        1,419,987  
Retail REITs — 0.0%                  

Brookfield Property REIT, Inc./BPR Cumulus LLC/BPR Nimbus LLC/GGSI Sellco LLC, 4.50%, 04/01/27(b)

      160       133,338  
   

 

 

 
Semiconductors & Semiconductor Equipment — 1.0%  

Broadcom, Inc., 4.11%, 09/15/28(h)

      1,594       1,470,430  

NCR Atleos Escrow Corp., 9.50%, 04/01/29

      227       219,554  

NXP BV/NXP Funding LLC/NXP USA, Inc., 2.70%, 05/01/25

      33       31,306  

QUALCOMM, Inc., 1.65%, 05/20/32(h)

      1,779       1,332,527  

Sensata Technologies BV(b)

     

5.63%, 11/01/24

      229       226,343  

5.00%, 10/01/25

      324       314,098  

4.00%, 04/15/29

      168       144,665  

5.88%, 09/01/30

      237       220,795  

Sensata Technologies, Inc.(b)

     

4.38%, 02/15/30(h)

      584       504,287  

3.75%, 02/15/31

      34       27,517  

Synaptics, Inc., 4.00%, 06/15/29(b)

      172       141,900  
   

 

 

 
        4,633,422  
Software — 2.5%                  

ACI Worldwide, Inc., 5.75%, 08/15/26(b)(h)

      444       430,445  

Alteryx, Inc., 8.75%, 03/15/28(b)(h)

      244       242,911  

Boxer Parent Co., Inc.

     

6.50%, 10/02/25(e)

    EUR       100       104,747  

7.13%, 10/02/25(b)(h)

    USD       398       396,010  

9.13%, 03/01/26(b)(h)

      696       694,051  

Capstone Borrower, Inc., 8.00%, 06/15/30(b)

      304       296,780  

Central Parent, Inc./CDK Global, Inc., 7.25%, 06/15/29(b)(h)

      465       450,823  

Cloud Software Group, Inc.(b)(h)

     

6.50%, 03/31/29

      3,482         3,079,240  

9.00%, 09/30/29

      1,874       1,628,508  

Consensus Cloud Solutions, Inc.(b)

     

6.00%, 10/15/26

      71       65,352  

6.50%, 10/15/28

      64       54,543  

Crowdstrike Holdings, Inc., 3.00%, 02/15/29

      41       34,533  

Elastic NV, 4.13%, 07/15/29(b)(h)

      376       320,223  

Helios Software Holdings, Inc./ION Corporate Solutions Finance SARL, 4.63%, 05/01/28(b)

      200       172,196  

Iron Mountain Information Management Services, Inc., 5.00%, 07/15/32(b)(h)

      219       180,003  

MicroStrategy, Inc., 6.13%, 06/15/28(b)(h)

      451       400,551  

Open Text Corp., 6.90%, 12/01/27(b)(h)

      956       958,176  

Oracle Corp., 3.60%, 04/01/50(h)

      785       507,779  

Playtika Holding Corp., 4.25%, 03/15/29(b)

      78       65,130  

Sabre GLBL, Inc., 8.63%, 06/01/27(h)

      644       545,988  
Security  

Par

(000)

    Value  
Software (continued)                  

SS&C Technologies, Inc., 5.50%, 09/30/27(b)(h)

    USD       1,017     $ 959,682  

Veritas U.S., Inc./Veritas Bermuda Ltd., 7.50%, 09/01/25(b)(h)

      609       508,828  
   

 

 

 
          12,096,499  
Specialized REITs — 0.1%                  

Uniti Group LP/Uniti Group Finance, Inc./CSL Capital LLC, 10.50%, 02/15/28(b)(h)

      741       725,774  
   

 

 

 
Specialty Retail(b) — 0.2%                  

PetSmart, Inc./PetSmart Finance Corp.

     

4.75%, 02/15/28

      343       300,275  

7.75%, 02/15/29(h)

      587       547,019  

Staples, Inc., 7.50%, 04/15/26

      170       139,798  
   

 

 

 
        987,092  
Technology Hardware, Storage & Peripherals(b) — 0.2%  

Seagate HDD Cayman

     

8.25%, 12/15/29

      359       368,692  

8.50%, 07/15/31(h)

      455       466,732  
   

 

 

 
        835,424  
Textiles, Apparel & Luxury Goods(b) — 0.1%                  

Crocs, Inc., 4.25%, 03/15/29

      25       20,684  

Hanesbrands, Inc.

     

4.88%, 05/15/26

      181       165,934  

9.00%, 02/15/31(h)

      138       131,534  

Kontoor Brands, Inc., 4.13%, 11/15/29

      98       80,979  

Levi Strauss & Co., 3.50%, 03/01/31

      16       12,653  

William Carter Co., 5.63%, 03/15/27

      160       153,880  
   

 

 

 
        565,664  
Transportation Infrastructure — 0.2%                  

Aeropuertos Dominicanos Siglo XXI SA,
Series E, 6.75%, 03/30/29(b)

      200       193,600  

Azzurra Aeroporti SpA, 2.13%, 05/30/24(e)

    EUR       100       103,286  

GMR Hyderabad International Airport Ltd.,
4.25%, 10/27/27(e)

    USD       200       177,902  

Heathrow Finance PLC, 4.13%, 09/01/29(c)(e)

    GBP       100       98,375  

Transurban Finance Co. Pty. Ltd., 4.13%, 02/02/26(b)(h)

    USD       435       417,196  
   

 

 

 
        990,359  
Utilities(b) — 0.1%                  

Vistra Operations Co. LLC

     

7.75%, 10/15/31(l)

      321       316,199  

6.95%, 10/15/33

      210       205,976  
   

 

 

 
        522,175  
Water Utilities — 0.2%                  

American Water Capital Corp., 4.45%, 06/01/32(h)

      900       831,675  
   

 

 

 
Wireless Telecommunication Services — 0.8%  

Altice France SA, 2.13%, 02/15/25(e)

    EUR       100       99,381  

Altice France SA/France

     

5.88%, 02/01/27(e)

      100       90,729  

8.13%, 02/01/27(b)(h)

    USD       507       449,606  

5.50%, 01/15/28(b)(h)

      381       293,453  

5.50%, 10/15/29(b)(h)

      372       267,511  

Kenbourne Invest SA, 6.88%, 11/26/24(b)

      275       229,075  

Rogers Communications, Inc., 5.00%, 03/15/44(h)

      545       440,575  

SBA Communications Corp., 3.13%, 02/01/29(h)

      721       601,366  
 

 

15  


Schedule of Investments (unaudited) (continued)

September 30, 2023

  

BlackRock Limited Duration Income Trust (BLW)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

    Value  

Wireless Telecommunication Services (continued)

 

VICI Properties LP/VICI Note Co., Inc.(b)

     

4.63%, 06/15/25

    USD       75     $ 72,427  

4.63%, 12/01/29(h)

      414       367,239  

4.13%, 08/15/30(h)

      378       321,444  

Vmed O2 U.K. Financing I PLC

     

4.00%, 01/31/29(e)

    GBP       100       99,438  

4.50%, 07/15/31(e)

      100       95,324  

4.75%, 07/15/31(b)(h)

    USD       597       482,300  
   

 

 

 
        3,909,868  
   

 

 

 

Total Corporate Bonds — 73.1%
(Cost: $380,942,325)

          353,449,315  
   

 

 

 

Fixed Rate Loan Interests

 

Media — 0.1%                  

AVSC Holding Corp., 2020 Term Loan B3, (5.00% Cash and 10.00% PIK), 15.00%, 10/15/26(k)

      372       381,384  
   

 

 

 

Total Fixed Rate Loan Interests — 0.1%
(Cost: $363,513)

        381,384  
   

 

 

 

Floating Rate Loan Interests(a)

 

Aerospace & Defense — 1.9%                  

Atlas CC Acquisition Corp.

     

Term Loan B, (3-mo. CME Term SOFR at 0.75% Floor + 4.25%), 9.93%, 05/25/28

      1,626       1,511,979  

Term Loan C, (3-mo. CME Term SOFR at 0.75% Floor + 4.25%), 9.93%, 05/25/28

      331       307,585  

Bleriot U.S. Bidco, Inc., 2023 Term Loan B, (3-mo. CME Term SOFR + 4.00%), 9.65%, 10/31/28

      441       440,869  

Cobham Ultra SeniorCo SARL, USD Term Loan B, (6-mo. CME Term SOFR at 0.50% Floor + 3.50%), 9.36%, 08/03/29

      153       152,432  

Dynasty Acquisition Co., Inc., 2023 Term Loan B1, (1-mo. CME Term SOFR + 4.00%), 9.32%, 08/24/28

      1,802       1,796,576  

Peraton Corp.

     

2nd Lien Term Loan B1, (3-mo. CME Term SOFR at 0.75% Floor + 7.75%), 13.23%, 02/01/29

      453       442,376  

Term Loan B, (1-mo. CME Term SOFR at 0.75% Floor + 3.75%), 9.17%, 02/01/28

      1,833       1,827,777  

Setanta Aircraft Leasing Designated Activity Co., Term Loan B, (3-mo. CME Term SOFR + 2.00%), 7.65%, 11/05/28

      591       590,356  

Standard Aero Ltd., 2023 Term Loan B2, (1-mo. CME Term SOFR + 4.00%), 9.32%, 08/24/28

      772       769,961  

TransDigm, Inc., 2023 Term Loan I, (3-mo. CME Term SOFR + 3.25%), 8.64%, 08/24/28

      1,088       1,088,221  
   

 

 

 
        8,928,132  
Automobile Components — 0.4%                  

Adient U.S. LLC, 2021 Term Loan B, (1-mo. CME Term SOFR + 3.25%), 8.68%, 04/10/28

      311       311,202  
Security  

Par

(000)

     Value  

Automobile Components (continued)

       

Clarios Global LP, 2023 Incremental Term Loan, (1-mo. CME Term SOFR + 3.75%), 9.07%, 05/06/30

    USD        1,221      $ 1,217,190  

Tenneco, Inc., 2022 Term Loan B, (3-mo. CME Term SOFR + 5.00%), 10.48%, 11/17/28

       574        486,035  
    

 

 

 
          2,014,427  
Automobiles — 0.2%                    

Dealer Tire Financial LLC, Series B, Term Loan B2, (1-mo. CME Term SOFR at 0.50% Floor + 4.50%), 9.82%, 12/14/27

       823        823,840  
    

 

 

 
Beverages — 0.6%                    

Naked Juice LLC

       

2nd Lien Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 6.00%), 11.49%, 01/24/30

       911        735,163  

Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 3.25%), 8.74%, 01/24/29

       2,202          2,086,761  
    

 

 

 
          2,821,924  
Broadline Retail — 0.9%                    

Fanatics Commerce Intermediate Holdco LLC, Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.25%), 8.83%, 11/24/28

       784        781,614  

Midas Intermediate Holdco II LLC, 2022 PIK Term Loan, (1-mo. CME Term SOFR at 0.75% Floor + 6.85%, 1.50% PIK), 15.17%, 06/30/27(k)

       1,239        1,166,150  

PUG LLC

       

2021 Incremental Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 4.25%), 9.68%, 02/12/27(d)

       110        103,998  

USD Term Loan, (1-mo. CME Term SOFR + 3.50%), 8.93%, 02/12/27

       1,895        1,784,642  

Sally Holdings, LLC, 2023 CovLite Term Loan B, (1-mo. CME Term SOFR + 2.25%), 7.57%, 02/28/30

       290        289,545  

Woof Holdings, Inc., 1st Lien Term Loan, (3-mo. CME Term SOFR at 0.75% Floor + 3.75%), 9.40%, 12/21/27

       157        124,264  
    

 

 

 
          4,250,213  
Building Products — 0.7%                    

AZZ, Inc., Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.75%), 9.07%, 05/13/29

       109        109,456  

Cornerstone Building Brands, Inc., 2021 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.25%), 8.68%, 04/12/28

       75        73,409  

CP Atlas Buyer, Inc., 2021 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.75%), 9.17%, 11/23/27

       725        681,736  

CPG International LLC, 2022 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 2.50%), 7.92%, 04/28/29

       357        356,853  

IPS Corp., 2021 Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.75%), 9.17%, 10/02/28

       255        246,785  

Jeld-Wen, Inc., 2021 Term Loan B, (1-mo. CME Term SOFR + 2.25%), 7.68%, 07/28/28

       332        331,353  

Wilsonart LLC, 2021 Term Loan E, (3-mo. CME Term SOFR at 1.00% Floor + 3.25%), 8.74%, 12/31/26

       1,455        1,449,433  
    

 

 

 
          3,249,025  
 

 

S C H E D U L E   O F   I N V E S T M E N T S

  16


Schedule of Investments (unaudited) (continued)

September 30, 2023

  

BlackRock Limited Duration Income Trust (BLW)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

    Value  
Capital Markets — 1.5%                  

Ascensus Holdings, Inc.

     

2021 2nd Lien Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 6.50%), 12.03%, 08/02/29

    USD       380     $ 358,978  

Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.50%), 8.93%, 08/02/28

      1,449       1,432,340  

Axalta Coating Systems U.S. Holdings, Inc., 2023 USD Term Loan B4, (3-mo. CME Term SOFR at 0.50% Floor + 2.50%), 7.90%, 12/20/29

      778       778,862  

Azalea Topco, Inc., Term Loan, (1-mo. CME Term SOFR + 3.50%), 9.18%, 07/24/26

      980       941,416  

Castlelake Aviation Ltd., Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 2.75%), 8.42%, 10/22/26

      752       749,930  

Castlelake Aviation One DAC, 2023 Incremental Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 2.75%), 8.42%, 10/22/27

      322       320,766  

Focus Financial Partners LLC

     

2021 Term Loan B4, (1-mo. CME Term SOFR at 0.50% Floor + 2.50%), 7.82%, 06/30/28

      620       617,952  

2023 Term Loan B6, (1-mo. CME Term SOFR at 0.50% Floor + 3.50%), 8.82%, 06/30/28

      402       401,140  

ION Trading Finance Ltd., 2021 USD Term Loan, (3-mo. CME Term SOFR + 4.75%), 10.24%, 04/03/28

      296       291,615  

Learning Care Group U.S. No. 2, Inc., 2023 Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 4.75%), 10.13%, 08/11/28

      111       110,815  

Osaic Holdings, Inc., 2023 Term Loan B, (3-mo. CME Term SOFR + 4.50%), 9.82%, 08/17/28

      924       922,787  

Press Ganey Holdings, Inc., 2021 Term Loan B, (1-mo. CME Term SOFR at 0.75% Floor + 3.75%), 9.43%, 07/24/26

      328       315,509  
   

 

 

 
        7,242,110  
Chemicals — 2.4%                  

Arc Falcon I, Inc., 2021 Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.75%), 9.17%, 09/30/28

      584       575,722  

Aruba Investments Holdings LLC, 2020 USD Term Loan, (1-mo. CME Term SOFR at 0.75% Floor + 4.00%), 9.42%, 11/24/27

      333       325,443  

Ascend Performance Materials Operations LLC, 2021 Term Loan B, (3-mo. CME Term SOFR at 0.75% Floor + 4.75%), 10.32%, 08/27/26

      678       662,514  

Chemours Co., 2023 USD Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 2.50%), 8.82%, 08/18/28(d)

      606       598,425  

CPC Acquisition Corp., Term Loan, (3-mo. CME Term SOFR at 0.75% Floor + 3.75%), 9.40%, 12/29/27

      251       206,827  

Discovery Purchaser Corp., Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 4.38%), 9.77%, 10/04/29

      472       454,288  

Element Solutions, Inc., 2019 Term Loan B1, (1-mo. CME Term SOFR + 2.00%), 7.32%, 01/31/26

      836       834,092  

HB Fuller Co., 2023 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 2.25%), 7.57%, 02/15/30

      149       149,410  

Herens U.S. Holdco Corp., USD Term Loan B, (3-mo. CME Term SOFR + 3.93%), 9.42%, 07/03/28

      394       348,206  

Illuminate Buyer LLC, 2021 Term Loan, (1-mo. CME Term SOFR + 3.50%), 8.93%, 06/30/27

      159       158,055  
Security  

Par

(000)

     Value  
Chemicals (continued)                    

INEOS U.S. Finance LLC, 2023 USD Term Loan B, (1-mo. CME Term SOFR + 3.50%), 8.92%, 02/18/30

    USD        297      $ 294,654  

LSF11 A5 Holdco LLC

       

2023 Incremental Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 4.25%), 9.67%, 10/15/28

       148        145,416  

Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.50%), 8.81%, 10/15/28

       886        864,317  

Messer Industries GmbH, 2018 USD Term Loan, (3-mo. CME Term SOFR + 2.50%), 8.15%, 03/02/26

       577        576,524  

Momentive Performance Materials Inc., 2023 Term Loan, (1-mo. CME Term SOFR + 4.50%), 9.82%, 03/29/28

       970        941,826  

Nouryon USA LLC, 2023 USD Term Loan B, (1-mo. CME Term SOFR + 4.00%), 9.43%, 04/03/28

       471        464,420  

Olympus Water U.S. Holding Corp., 2023 Incremental Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 5.00%), 10.39%, 11/09/28

       346        344,630  

OQ Chemicals Corp., 2017 USD Term Loan B2, (1-mo. CME Term SOFR + 3.60%), 8.93%, 10/14/24

       944        935,601  

PQ Corp., 2021 Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 2.50%), 7.97%, 06/09/28

       662        658,876  

SCIH Salt Holdings, Inc., 2021 Incremental Term Loan B, (3-mo. CME Term SOFR at 0.75% Floor + 4.00%), 9.63%, 03/16/27

       427        423,653  

Sparta U.S. HoldCo LLC, 2021 Term Loan, (1-mo. CME Term SOFR at 0.75% Floor + 3.25%), 8.69%, 08/02/28

       793        789,205  

Starfruit Finco BV, 2018 USD Term Loan B, (1-mo. CME Term SOFR + 3.00%), 8.43%, 10/01/25

       53        53,258  

W.R. Grace Holdings LLC, 2021 Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 3.75%), 9.40%, 09/22/28

       761        749,482  
    

 

 

 
          11,554,844  
Commercial Services & Supplies — 2.4%  

Allied Universal Holdco LLC

       

2021 USD Incremental Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.75%), 9.17%, 05/12/28

       1,580        1,523,729  

2023 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 4.75%), 10.07%, 05/12/28

       169        166,254  

Amentum Government Services Holdings LLC, 2022 Term Loan, (1-mo. CME Term SOFR + 4.00%), 9.33%, 02/15/29

       324        318,841  

Aramark Services, Inc.

       

2021 Term Loan B, (1-mo. CME Term SOFR + 2.50%), 7.93%, 04/06/28

       383        382,612  

2023 Term Loan B6, (1-mo. CME Term SOFR + 2.50%), 7.93%, 06/22/30

       514        513,163  

Asplundh Tree Expert LLC, 2021 Term Loan B, (1-mo. CME Term SOFR + 1.75%), 7.17%, 09/07/27

       1,042        1,039,710  

Clean Harbors, Inc., 2021 Incremental Term Loan B, (1-mo. CME Term SOFR + 2.00%), 7.43%, 10/08/28

       419        419,750  

Covanta Holding Corp.

       

2021 Term Loan C, (1-mo. CME Term SOFR at 0.50% Floor + 2.50%), 7.82%, 11/30/28

       36        36,228  
 

 

17  


Schedule of Investments (unaudited) (continued)

September 30, 2023

  

BlackRock Limited Duration Income Trust (BLW)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

    Value  
Commercial Services & Supplies (continued)  

Covanta Holding Corp. (continued)

     

2021 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 2.50%), 7.82%, 11/30/28

    USD       480     $ 476,385  

GFL Environmental, Inc., 2023 First Lien Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 2.50%), 7.82%, 05/31/27

      345       344,424  

LABL, Inc., 2021 USD 1st Lien Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 5.00%), 10.42%, 10/29/28

      603       600,770  

NEP/NCP Holdco, Inc., 2018 1st Lien Term Loan, (1-mo. CME Term SOFR + 3.25%), 8.68%, 10/20/25

      744       717,044  

PECF USS Intermediate Holding III Corp., Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 4.25%), 9.88%, 12/15/28

      528       421,931  

Prime Security Services Borrower LLC, 2021 Term Loan, (1-mo. CME Term SOFR at 0.75% Floor + 2.75%), 8.19%, 09/23/26

      753       751,391  

Tempo Acquisition LLC, 2023 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.00%), 8.32%, 08/31/28

      2,266       2,266,428  

TruGreen LP, 2020 Term Loan, (1-mo. CME Term SOFR at 0.75% Floor + 4.00%), 9.42%, 11/02/27

      971       921,096  

Viad Corp., Initial Term Loan, (1-mo. CEM Term SOFR + 5.00%), 10.43%, 07/30/28

      642       628,205  
   

 

 

 
        11,527,961  
Communications Equipment — 0.2%                  

Ciena Corp., 2023 Term Loan B, (1-mo. CME Term SOFR + 2.50%), 7.82%, 01/18/30

      113       112,528  

Viasat, Inc.

     

2023 Term Loan, 05/30/30(o)

      397       367,475  

Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 4.50%), 9.82%, 03/02/29

      616       570,908  
   

 

 

 
        1,050,911  
Construction & Engineering — 0.6%                  

Brand Industrial Services, Inc., 2023 Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 5.50%), 10.87%, 08/01/30

      1,863       1,812,345  

Legence Holdings LLC, 2021 Term Loan, (1-mo. CME Term SOFR at 0.75% Floor + 3.75%), 9.17%, 12/16/27

      115       114,134  

Pike Corp., 2021 Incremental Term Loan B, (1-mo. CME Term SOFR + 3.00%), 8.43%, 01/21/28

      424       423,113  

USIC Holdings, Inc., 2021 Term Loan, (1-mo. CME Term SOFR at 0.75% Floor + 3.50%), 8.93%, 05/12/28

      701       689,184  
   

 

 

 
        3,038,776  
Construction Materials — 0.5%                  

American Builders & Contractors Supply Co., Inc., Series A, 2019 Term Loan, (1-mo. CME Term SOFR + 2.00%), 7.42%, 01/15/27

      763       761,313  

New AMI I LLC, 2022 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 6.00%), 11.31%, 03/08/29

      391       316,626  
Security  

Par

(000)

    Value  
Construction Materials (continued)                  

Oscar AcquisitionCo. LLC, Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 4.50%), 9.99%, 04/29/29

    USD       492     $ 487,902  

Quikrete Holdings, Inc., 2023 Term Loan B, 03/19/29(o)

      315       314,820  

Standard Industries, Inc., 2021 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 2.50%), 7.94%, 09/22/28

      662       662,096  
   

 

 

 
        2,542,757  
Consumer Finance — 0.0%  

Credito Real SAB de CV Sofom ENR, Term Loan B, (Defaulted), 0.00%, 02/17/24(d)(f)(i)

      24       2,695  
   

 

 

 
Consumer Staples Distribution & Retail — 0.2%  

U.S. Foods, Inc.

     

2019 Term Loan B, (1-mo. CME Term SOFR + 2.00%), 7.43%, 09/13/26

      584       583,947  

2021 Term Loan B, (1-mo. CME Term SOFR + 2.50%), 7.93%, 11/22/28

      377       376,811  
   

 

 

 
        960,758  
Containers & Packaging — 0.7%  

Charter Next Generation, Inc., 2021 Term Loan, (1-mo. CME Term SOFR at 0.75% Floor + 3.75%), 9.18%, 12/01/27

      1,893       1,873,500  

Mauser Packaging Solutions Holding Co., Term Loan B, (1-mo. CME Term SOFR + 4.00%), 9.33%, 08/14/26

      506       505,100  

Pregis TopCo Corp., 1st Lien Term Loan, (1-mo. CME Term SOFR + 3.75%), 9.07%, 07/31/26

      134       133,977  

Reynolds Consumer Products LLC, Term Loan, (1-mo. CME Term SOFR + 1.75%), 7.17%, 02/04/27

      130       130,167  

Reynolds Group Holdings, Inc., 2020 Term Loan B2, (1-mo. CME Term SOFR + 3.25%), 8.68%, 02/05/26

      147       146,491  

Trident TPI Holdings, Inc., 2021 Term Loan B3, (3-mo. CME Term SOFR at 0.50% Floor + 4.00%), 9.65%, 09/15/28

      627       624,012  
   

 

 

 
        3,413,247  
Distributors — 0.2%  

PAI Holdco, Inc., 2020 Term Loan B, (3-mo. CME Term SOFR at 0.75% Floor + 3.75%), 9.38%, 10/28/27

      839       792,413  
   

 

 

 
Diversified Consumer Services — 1.4%  

Ascend Learning LLC

     

2021 2nd Lien Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 5.75%), 11.17%, 12/10/29

      226       192,109  

2021 Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.50%), 8.92%, 12/11/28

      493       469,421  

Bright Horizons Family Solutions LLC, 2021 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 2.25%), 7.68%, 11/24/28

      859       855,380  

KUEHG Corp., 2023 Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 5.00%), 10.39%, 06/12/30

      682       682,320  
 

 

S C H E D U L E   O F   I N V E S T M E N T S

  18


Schedule of Investments (unaudited) (continued)

September 30, 2023

  

BlackRock Limited Duration Income Trust (BLW)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

    Value  
Diversified Consumer Services (continued)  

Sotheby’s, Series L, 2021 Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 4.50%), 10.07%, 01/15/27

    USD       1,198     $ 1,166,388  

Spring Education Group, Inc., Term Loan, 09/29/30(o)

      488       487,820  

SSH Group Holdings, Inc., 2018 1st Lien Term Loan, (1-mo. CME Term SOFR + 4.00%), 9.43%, 07/30/25

      306       305,356  

Veritas U.S., Inc., 2021 USD Term Loan B, (1-mo. CME Term SOFR at 1.00% Floor + 5.00%), 10.43%, 09/01/25

      1,118       965,280  

Wand NewCo 3, Inc., 2020 Term Loan, (1-mo. CME Term SOFR + 2.75%), 8.17%, 02/05/26

      1,221       1,217,963  

WCG Purchaser Corp., 2019 Term Loan, (1-mo. CME Term SOFR at 1.00% Floor + 4.00%), 9.43%, 01/08/27

      627       619,605  
   

 

 

 
        6,961,642  
Diversified REITs — 0.1%  

RHP Hotel Properties, LP, 2023 Term Loan B, (1-mo. CME Term SOFR + 2.75%), 8.07%, 05/18/30

      421       421,516  
   

 

 

 
Diversified Telecommunication Services — 2.4%  

Altice Financing SA

     

2017 USD Term Loan B, (3-mo. LIBOR US + 2.75%), 8.32%, 07/15/25

      433       427,657  

USD 2017 1st Lien Term Loan, (3-mo. LIBOR US + 2.75%), 8.32%, 01/31/26

      521       515,491  

Altice France SA, 2023 USD Term Loan B14, (3-mo. CME Term SOFR + 5.50%), 10.81%, 08/15/28

      853       770,398  

Connect Finco SARL, 2021 Term Loan B, (1-mo. CME Term SOFR at 1.00% Floor + 3.50%), 8.82%, 12/11/26

      3,062       2,995,224  

Consolidated Communications, Inc., 2021 Term Loan B, (1-mo. CME Term SOFR at 0.75% Floor + 3.50%), 8.93%, 10/02/27

      349       308,560  

Iridium Satellite LLC, 2023 Term Loan B, (3-mo. CME Term SOFR at 0.75% Floor + 2.50%), 7.90%, 09/20/30

      1,072       1,071,526  

Level 3 Financing, Inc., 2019 Term Loan B, (1-mo. CME Term SOFR + 1.75%), 7.18%, 03/01/27

      734       691,784  

Lumen Technologies, Inc., 2020 Term Loan B, (1-mo. CME Term SOFR + 2.25%), 7.68%, 03/15/27

      991       703,934  

ORBCOMM, Inc., Term Loan B, (1-mo. LIBOR US at 0.75% Floor + 4.25%), 9.80%, 09/01/28

      383       341,564  

Radiate Holdco LLC, 2021 Term Loan B, (1-mo. CME Term SOFR at 0.75% Floor + 3.25%), 8.68%, 09/25/26

      1,611       1,314,017  

Virgin Media Bristol LLC, 2020 USD Term Loan Q, (1-mo. CME Term SOFR + 3.25%), 8.70%, 01/31/29

      607       591,406  

Zayo Group Holdings, Inc., USD Term Loan, (1-mo. CME Term SOFR + 3.00%), 8.43%, 03/09/27

      2,372       1,931,284  
   

 

 

 
          11,662,845  
Electrical Equipment — 0.1%                  

Arcline FM Holdings LLC, 2021 1st Lien Term Loan, (3-mo. CME Term SOFR at 0.75% Floor + 4.75%), 10.40%, 06/23/28

      623       618,344  
Security  

Par

(000)

    Value  
Electronic Equipment, Instruments & Components — 0.1%  

Coherent Corp., 2022 Term Loan B, (1-mo. CEM Term SOFR + 2.75%), 8.18%, 07/02/29

    USD       605     $ 602,524  
   

 

 

 
Energy Equipment & Services — 0.0%  

Lealand Finance Co. BV

     

2020 Make Whole Term Loan, (1-mo. CME Term SOFR + 3.00%), 8.43%, 06/28/24(d)

      16       11,043  

2020 Take Back Term Loan, (1-mo. CME Term SOFR + 4.00%, 3.00% PIK), 12.43%, 06/30/25(k)

      117       62,644  
   

 

 

 
        73,687  
Entertainment — 2.6%  

AMC Entertainment Holdings, Inc., 2019 Term Loan B, (1-mo. CME Term SOFR + 3.00%), 8.45%, 04/22/26

      662       531,886  

Aristocrat Technologies, Inc., 2022 Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 2.25%), 7.74%, 05/24/29

      45       45,510  

Cirque Du Soleil Holding USA Newco, Inc., 2023 Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 4.25%), 9.64%, 03/08/30

      483       479,260  

City Football Group Ltd., Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.00%), 8.44%, 07/21/28

      929       922,990  

Creative Artists Agency LLC, 2023 Term Loan B, (1-mo. CME Term SOFR + 3.50%), 8.82%, 11/27/28

      1,271       1,265,198  

Delta 2 Lux SARL, 2022 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.00%), 8.32%, 01/15/30

      879       878,391  

Equinox Holdings, Inc., 2017 1st Lien Term Loan, (6-mo. LIBOR US at 1.00% Floor + 3.00%), 8.73%, 03/08/24

      1,828       1,765,760  

Live Nation Entertainment, Inc., Term Loan B4, (1-mo. CME Term SOFR + 1.75%), 7.17%, 10/19/26

      1,713       1,707,968  

Playtika Holding Corp., 2021 Term Loan, (1-mo. CME Term SOFR + 2.75%), 8.18%, 03/13/28

      715       714,125  

SMG U.S. Midco 2, Inc., 2020 Term Loan, (3-mo. CME Term SOFR + 2.50%), 8.13%, 01/23/25

      522       521,392  

UFC Holdings LLC, 2021 Term Loan B, (3-mo. CME Term SOFR at 0.75% Floor + 2.75%), 8.37%, 04/29/26

      588       586,673  

William Morris Endeavor Entertainment LLC, 2018 1st Lien Term Loan, (1-mo. CME Term SOFR + 2.75%), 8.18%, 05/18/25

      1,559       1,555,420  

WMG Acquisition Corp., 2021 Term Loan G, (1-mo. CME Term SOFR + 2.13%), 7.56%, 01/20/28

      1,432       1,430,322  
   

 

 

 
        12,404,895  
Financial Services — 2.1%  

ABG Intermediate Holdings 2 LLC, 2021 Term Loan B1, (1-mo. CME Term SOFR at 0.50% Floor + 3.50%), 8.92%, 12/21/28

      626       624,622  

Belron Finance U.S. LLC
2018 Term Loan B, (3-mo. CME Term SOFR + 2.25%), 7.88%, 11/13/25

      177       177,220  
 

 

19  


Schedule of Investments (unaudited) (continued)

September 30, 2023

  

BlackRock Limited Duration Income Trust (BLW)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

    Value  
Financial Services (continued)                  

Belron Finance U.S. LLC (continued)

     

2019 USD Term Loan B3, (3-mo. CME Term SOFR + 2.25%), 7.88%, 10/30/26

    USD       404     $ 403,409  

2021 USD Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 2.43%), 8.06%, 04/13/28

      916       912,073  

Belron Luxembourg SARL, 2023 Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 2.75%), 8.16%, 04/18/29

      219       219,382  

Deerfield Dakota Holding LLC

     

2020 USD Term Loan B, (3-mo. CME Term SOFR at 1.00% Floor + 3.75%), 9.14%, 04/09/27

      2,781       2,708,273  

2021 USD 2nd Lien Term Loan, (3-mo. CME Term SOFR at 0.75% Floor + 6.75%), 12.40%, 04/07/28

      792       744,480  

GIP Pilot Acquisition Partners LP, Term Loan, 09/18/30(d)(o)

      149       148,441  

LBM Acquisition LLC, Term Loan B, (1-mo. CME Term SOFR at 0.75% Floor + 3.75%), 9.18%, 12/17/27

      389       378,896  

Lions Gate Capital Holdings LLC, 2018 Term Loan B, (1-mo. CME Term SOFR + 2.25%), 7.67%, 03/24/25

      1,040       1,036,932  

Sotera Health Holdings LLC, 2021 Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 2.75%), 8.18%, 12/11/26

      1,090       1,079,053  

Travelport Finance SARL, 2023 Consented Term Loan, (3-mo. CME Term SOFR + 8.50%), 13.89%, 05/29/26

      511       293,032  

UPC Financing Partnership, 2021 USD Term Loan AX, (1-mo. CME Term SOFR + 2.93%), 8.37%, 01/31/29

      341       335,875  

WEX, Inc., 2021 Term Loan, (1-mo. CME Term SOFR + 2.25%), 7.68%, 03/31/28

      426       426,369  

White Cap Buyer LLC, Term Loan B, (1-mo. CME Term SOFR + 3.75%), 9.07%, 10/19/27

      774       771,513  
   

 

 

 
          10,259,570  
Food Products — 2.0%  

8th Avenue Food & Provisions, Inc., 2018 1st Lien Term Loan, (1-mo. CME Term SOFR + 3.75%), 9.18%, 10/01/25

      827       793,707  

B&G Foods, Inc., 2019 Term Loan B4, (1-mo. CME Term SOFR + 2.50%), 7.82%, 10/10/26

      134       131,843  

Chobani LLC, 2020 Term Loan B, (1-mo. CME Term SOFR at 1.00% Floor + 3.50%), 8.93%, 10/25/27

      1,879       1,877,682  

Froneri International Ltd., 2020 USD Term Loan, (1-mo. CME Term SOFR + 2.25%), 7.67%, 01/29/27

      1,977       1,960,833  

H-Food Holdings LLC, 2018 Term Loan B, (3-mo. LIBOR US + 3.69%), 9.27%, 05/23/25

      233       202,586  

Hostess Brands, LLC, 2023 Term Loan B, (3-mo. CME Term SOFR + 2.50%), 7.89%, 06/28/30

      742       742,452  

Nomad Foods U.S. LLC, Term Loan B4, (6-mo. CME Term SOFR at 0.50% Floor + 3.00%), 8.47%, 11/12/29

      426       425,749  
Security  

Par

(000)

    Value  
Food Products (continued)                  

Sovos Brands Intermediate, Inc., 2021 Term Loan, (3-mo. CME Term SOFR at 0.75% Floor + 3.50%), 9.13%, 06/08/28

    USD       1,252     $ 1,250,229  

Triton Water Holdings, Inc., Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 3.25%), 8.90%, 03/31/28

      642       625,133  

UTZ Quality Foods LLC, 2021 Term Loan B, (1-mo. CME Term SOFR + 3.00%), 8.43%, 01/20/28

      1,373       1,371,050  
   

 

 

 
        9,381,264  
Ground Transportation — 0.4%  

AIT Worldwide Logistics Holdings, Inc., 2021 Term Loan, (1-mo. CME Term SOFR at 0.75% Floor + 4.75%), 10.18%, 04/06/28

      272       269,085  

Avis Budget Car Rental LLC, 2020 Term Loan B, (1-mo. CME Term SOFR + 1.75%), 7.18%, 08/06/27

      479       475,123  

SIRVA Worldwide, Inc., 2018 1st Lien Term Loan, (3-mo. CME Term SOFR + 5.50%), 10.91%, 08/04/25

      363       324,771  

Uber Technologies, Inc., 2023 Term Loan B, (3-mo. CME Term SOFR + 2.75%), 8.16%, 03/03/30

      814       813,109  
   

 

 

 
        1,882,088  
Health Care Equipment & Supplies — 1.3%  

Bausch & Lomb Corp., 2023 Incremental Term Loan, 09/14/28(d)(o)

      460       453,675  

Bausch and Lomb, Inc., Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 3.25%), 8.76%, 05/10/27

      973       944,299  

Chariot Buyer LLC, Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.25%), 8.66%, 11/03/28

      1,578       1,552,485  

Femur Buyer, Inc., 1st Lien Term Loan, (3-mo. CME Term SOFR + 4.50%), 10.15%, 03/05/26

      436       404,748  

Insulet Corp., Term Loan B, (1-mo. CME Term SOFR + 3.25%), 8.68%, 05/04/28

      282       280,934  

Medline Borrower LP, USD Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.25%), 8.68%, 10/23/28

      2,836       2,826,801  
   

 

 

 
        6,462,942  
Health Care Providers & Services — 1.2%  

CHG Healthcare Services, Inc., 2021 Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.25%), 8.68%, 09/29/28

      461       458,140  

CNT Holdings I Corp., 2020 Term Loan, (3-mo. CME Term SOFR at 0.75% Floor + 3.50%), 8.80%, 11/08/27

      954       950,245  

Electron BidCo, Inc., 2021 Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.00%), 8.43%, 11/01/28

      1,227       1,221,041  

Envision Healthcare Corp., 2022 Second Out Term Loan, (3-mo. CME Term SOFR at 1.00% Floor + 4.25%), 9.64%, 03/31/27

      607       136,676  

EyeCare Partners LLC

     

2020 Term Loan, (1-mo. CME Term SOFR + 3.75%), 9.18%, 02/18/27

      848       591,953  
 

 

S C H E D U L E   O F   I N V E S T M E N T S

  20


Schedule of Investments (unaudited) (continued)

September 30, 2023

  

BlackRock Limited Duration Income Trust (BLW)

(Percentages shown are based on Net Assets)

 

Security          Par
(000)
    Value  

Health Care Providers & Services (continued)

 

EyeCare Partners LLC (continued)

     

2021 2nd Lien Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 6.75%), 12.18%, 11/15/29

    USD       176     $ 91,670  

2021 Incremental Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.75%), 9.18%, 11/15/28

      193       132,667  

MED ParentCo LP, 1st Lien Term Loan, (1-mo. CME Term SOFR + 4.25%), 9.68%, 08/31/26

      329       313,253  

Medical Solutions Holdings, Inc., 2021 2nd Lien Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 7.00%), 12.52%, 11/01/29

      247       220,448  

Option Care Health, Inc., 2021 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 2.75%), 8.18%, 10/27/28

      609       610,151  

PetVet Care Centers LLC, 2021 Term Loan B3, (1-mo. CME Term SOFR at 0.75% Floor + 3.50%), 8.92%, 02/14/25

      20       20,303  

Reverb Buyer, Inc., 2021 1st Lien Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 3.25%), 8.77%, 11/01/28

      486       469,066  

Surgery Center Holdings, Inc., 2021 Term Loan, (1-mo. CME Term SOFR at 0.75% Floor + 3.75%), 9.19%, 08/31/26

      405       404,608  

Vizient, Inc., 2022 Term Loan B7, (1-mo. CME Term SOFR at 0.50% Floor + 2.25%), 7.67%, 05/16/29

      125       125,374  
     

 

 

 
          5,745,595  
Health Care Technology — 1.0%                  

AthenaHealth Group, Inc., 2022 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.25%), 8.57%, 02/15/29

      1,669       1,635,437  

Polaris Newco LLC, USD Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 4.00%), 9.43%, 06/02/28

      2,184       2,087,766  

Verscend Holding Corp., 2021 Term Loan B, (1-mo. CME Term SOFR + 4.00%), 9.43%, 08/27/25

      1,252       1,250,271  
     

 

 

 
          4,973,474  
Hotels, Restaurants & Leisure — 3.4%                  

Aimbridge Acquisition Co., Inc., 2019 Term Loan B, (1-mo. CME Term SOFR + 3.75%), 9.18%, 02/02/26

      865       828,363  

Alterra Mountain Co., 2023 Term Loan B, (1-mo. CME Term SOFR + 3.75%), 9.07%, 05/31/30

      78       77,805  

Bally’s Corp., 2021 Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 3.25%), 8.84%, 10/02/28

      296       290,161  

Burger King (Restaurant Brands International, Inc.)/New Red Finance, Inc., 2023 Term Loan B5, (1-mo. CME Term SOFR + 2.25%), 7.57%, 09/23/30

      1,368       1,362,427  

Caesars Entertainment, Inc., Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.25%), 8.67%, 02/06/30

      588       587,680  

Carnival Corp., 2023 Term Loan B, (1-mo. CME Term SOFR at 0.75% Floor + 3.00%), 8.33%, 08/08/27

      493       491,151  

Churchill Downs, Inc., 2021 Incremental Term Loan B1, (1-mo. CME Term SOFR + 2.00%), 7.42%, 03/17/28

      754       753,064  
Security          Par
(000)
    Value  

Hotels, Restaurants & Leisure (continued)

     

ECL Entertainment, LLC, 2023 Term Loan B, (3-mo. CME Term SOFR at 0.75% Floor + 4.75%), 15.82%, 08/31/30

    USD       248     $ 247,276  

Fertitta Entertainment LLC, 2022 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 4.00%), 9.32%, 01/27/29

      2,357       2,330,728  

Flutter Financing BV, 2022 USD Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 3.25%), 8.90%, 07/22/28

      618       618,069  

Four Seasons Hotels Ltd., 2023 Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 2.50%), 7.89%, 11/30/29

      1,357       1,357,792  

Hilton Worldwide Finance LLC, 2019 Term Loan B2, (1-mo. CME Term SOFR + 1.75%), 7.17%, 06/22/26

      1,057       1,056,274  

IRB Holding Corp., 2022 Term Loan B, (1-mo. CME Term SOFR at 0.75% Floor + 3.00%), 8.42%, 12/15/27

      1,399       1,392,879  

Packers Holdings LLC, 2021 Term Loan, (1-mo. CME Term SOFR at 0.75% Floor + 3.25%), 8.67%, 03/09/28

      492       290,151  

PENN Entertainment, Inc., 2022 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 2.75%), 8.17%, 05/03/29

      611       609,293  

Playa Resorts Holding BV, 2022 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 4.25%), 9.58%, 01/05/29

      224       224,229  

Scientific Games International, Inc., 2022 USD Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.00%), 8.43%, 04/14/29

      625       623,796  

SeaWorld Parks & Entertainment, Inc., 2021 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.00%), 8.43%, 08/25/28

      303       301,612  

Stars Group Holdings BV, 2018 USD Incremental Term Loan, (3-mo. CME Term SOFR + 2.25%), 7.90%, 07/21/26

      556       554,919  

Station Casinos LLC, 2020 Term Loan B, (1-mo. CME Term SOFR at 0.25% Floor + 2.25%), 7.67%, 02/08/27

      1,020       1,016,954  

Whatabrands LLC, 2021 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.00%), 8.43%, 08/03/28

      1,238       1,231,489  

Wyndham Hotels & Resorts, Inc., 2023 Term Loan B, (1-mo. CME Term SOFR + 2.25%), 7.67%, 05/24/30

      199       198,714  
     

 

 

 
          16,444,826  
Household Durables — 1.0%                  

ACProducts Holdings, Inc., 2021 Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 4.25%), 9.90%, 05/17/28

      688       565,197  

Hunter Douglas, Inc., USD Term Loan B1, (3-mo. CME Term SOFR + 3.50%), 8.89%, 02/26/29

      1,398       1,359,515  

Serta Simmons Bedding, LLC, 2023 New Term Loan, 06/29/28(o)

      199       197,326  
 

 

21  


Schedule of Investments (unaudited) (continued)

September 30, 2023

  

BlackRock Limited Duration Income Trust (BLW)

(Percentages shown are based on Net Assets)

 

Security         

Par

(000)

    Value  

Household Durables (continued)

     

Sunset Debt Merger Sub, Inc., 2021 Term Loan B, (1-mo. CME Term SOFR at 0.75% Floor + 4.00%), 9.43%, 10/06/28

    USD       1,456     $ 1,234,840  

Weber-Stephen Products LLC, Term Loan B, (1-mo. CME Term SOFR at 0.75% Floor + 3.25%), 8.68%, 10/30/27

      1,674       1,503,908  
     

 

 

 
        4,860,786  
Independent Power and Renewable Electricity Producers — 0.3%  

Calpine Construction Finance Co. LP, 2023 Refinancing Term Loan B, (1-mo. CME Term SOFR + 2.25%), 7.57%, 07/31/30

      611       607,287  

Calpine Corp., 2019 Term Loan B10, (1-mo. CME Term SOFR + 2.00%), 7.43%, 08/12/26

      282       281,782  

Constellation Renewables LLC, 2020 Term Loan, (3-mo. CME Term SOFR at 1.00% Floor + 2.50%), 8.18%, 12/15/27

      632       629,662  
     

 

 

 
          1,518,731  
Industrial Conglomerates — 0.0%                  

Stitch Aquisition Corp., Term Loan B, (3-mo. CME Term SOFR at 0.75% Floor + 6.75%), 12.40%, 07/28/28

      259       197,059  
     

 

 

 
Insurance — 2.4%                  

Alliant Holdings Intermediate LLC

     

2021 Term Loan B4, (1-mo. LIBOR US at 0.50% Floor + 3.50%), 8.93%, 11/05/27

      2,441       2,434,091  

2023 Term Loan B5, (1-mo. CME Term SOFR at 0.50% Floor + 3.50%), 8.83%, 11/05/27

      1,286       1,283,350  

AmWINS Group, Inc.

     

2021 Term Loan B, (1-mo. CME Term SOFR at 0.75% Floor + 2.25%), 7.68%, 02/19/28

      1,106       1,098,423  

2023 Incremental Term Loan B, (1-mo. CEM Term SOFR + 2.75%), 8.18%, 02/19/28

      223       222,895  

AssuredPartners, Inc.

     

2020 Term Loan B, (1-mo. CME Term SOFR + 3.50%), 8.93%, 02/12/27

      1,080       1,077,219  

2021 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.50%), 8.93%, 02/12/27

      280       280,082  

2023 Term Loan B4, 02/12/27(o)

      128       128,000  

Baldwin Risk Partners, LLC, 2021 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.50%), 8.94%, 10/14/27

      225       222,610  

HUB International Ltd.

     

2022 Term Loan B, (3-mo. CME Term SOFR at 0.75% Floor + 4.00%), 9.37%, 11/10/29

      304       303,911  

2023 Term Loan B, (3-mo. CME Term SOFR at 0.75% Floor + 4.25%), 9.58%, 06/20/30

      1,473       1,475,191  

Jones Deslauriers Insurance Management, Inc., 2023 Term Loan B, (3-mo. CME Term SOFR + 4.25%), 9.62%, 03/15/30

      587       588,104  

Ryan Specialty Group LLC, Term Loan, (1-mo. CME Term SOFR at 0.75% Floor + 3.00%), 8.42%, 09/01/27

      645       644,333  

USI, Inc.

     

2019 Incremental Term Loan B, (3-mo. LIBOR US + 3.25%), 8.90%, 12/02/26

      (p)      1  
Security          Par
(000)
    Value  

Insurance (continued)

     

USI, Inc. (continued)

     

2022 Incremental Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 3.75%), 9.14%, 11/22/29

    USD       1,085     $ 1,083,362  

2023 Acquisition Term Loan, 09/27/30(o)

      251       250,267  

2023 Refi Term Loan, 09/27/30(o)

      287       286,044  
     

 

 

 
          11,377,883  
Interactive Media & Services — 0.7%        

Acuris Finance U.S., Inc., 2021 USD Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 4.00%), 9.54%, 02/16/28

      207       203,320  

Adevinta ASA, USD Term Loan B, (3-mo. CME Term SOFR + 2.75%), 8.32%, 06/26/28

      427       426,771  

Camelot Finance SA, Term Loan B, (1-mo. CME Term SOFR + 3.00%), 8.43%, 10/30/26

      989       988,030  

Camelot U.S. Acquisition LLC, 2020 Incremental Term Loan B, (1-mo. CME Term SOFR at 1.00% Floor + 3.00%), 8.43%, 10/30/26

      1,130       1,126,721  

GoodRx, Inc., 1st Lien Term Loan, (1-mo. CME Term SOFR + 2.75%), 8.17%, 10/10/25

      306       305,782  

Grab Holdings, Inc., Term Loan B, (1-mo. CME Term SOFR at 1.00% Floor + 4.50%), 9.93%, 01/29/26

      478       479,922  
     

 

 

 
        3,530,546  
IT Services — 1.8%        

Asurion LLC

     

2020 Term Loan B8, (3-mo. CME Term SOFR + 3.25%), 8.68%, 12/23/26

      840       821,122  

2021 2nd Lien Term Loan B3, (1-mo. CME Term SOFR + 5.25%), 10.68%, 01/31/28

      364       326,887  

2021 Second Lien Term Loan B4, (1-mo. CME Term SOFR + 5.25%), 10.68%, 01/20/29

      538       475,839  

2023 Term Loan B11, (1-mo. CME Term SOFR + 4.25%), 9.67%, 08/19/28

      671       651,352  

Epicor Software Corp.

     

2020 2nd Lien Term Loan, (1-mo. CME Term SOFR at 1.00% Floor + 7.75%), 13.17%, 07/31/28

      296       296,323  

2020 Term Loan, (1-mo. CME Term SOFR at 0.75% Floor + 3.25%), 8.68%, 07/30/27

      285       284,228  

Gainwell Acquisition Corp., Term Loan B, (3-mo. CME Term SOFR at 0.75% Floor + 4.00%), 9.49%, 10/01/27

      1,309       1,274,680  

Go Daddy Operating Co. LLC

     

2021 Term Loan B4, (1-mo. CME Term SOFR + 2.00%), 7.43%, 08/10/27

      817       815,345  

2022 Term Loan B5, (1-mo. CME Term SOFR + 2.50%), 7.82%, 11/09/29

      650       650,297  

GTCR W Merger Sub LLC, USD Term Loan B, 09/20/30(o)

      833       832,392  

Sedgwick Claims Management Services, Inc., 2023 Term Loan B, (1-mo. CME Term SOFR + 3.75%), 9.07%, 02/24/28

      1,857       1,852,419  

Venga Finance SARL, 2021 USD Term Loan B, (3-mo. CME Term SOFR at 0.75% Floor + 4.75%), 10.43%, 06/28/29

      260       257,469  
     

 

 

 
        8,538,353  
 

 

S C H E D U L E   O F   I N V E S T M E N T S

  22


Schedule of Investments (unaudited) (continued)

September 30, 2023

  

BlackRock Limited Duration Income Trust (BLW)

(Percentages shown are based on Net Assets)

 

Security          Par
(000)
    Value  

Leisure Products — 0.2%

     

Fender Musical Instruments Corp., 2021 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 4.00%), 9.42%, 12/01/28

    USD       295     $ 287,946  

Peloton Interactive, Inc., Term Loan, (6-mo. CME Term SOFR at 0.50% Floor + 6.50%), 12.26%, 05/25/27

      308       307,524  

Topgolf Callaway Brands Corp., Term Loan B, (1-mo. CME Term SOFR + 3.50%), 8.92%, 03/15/30

      527       523,944  
     

 

 

 
        1,119,414  
Life Sciences Tools & Services — 1.4%                  

Avantor Funding, Inc., 2021 Term Loan B5, (1-mo. CME Term SOFR at 0.50% Floor + 2.25%), 7.67%, 11/08/27

      827       826,081  

Catalent Pharma Solutions, Inc., 2021 Term Loan B3, (1-mo. CME Term SOFR at 0.50% Floor + 2.00%), 7.44%, 02/22/28

      1,029       1,004,369  

Curia Global, Inc., 2021 Term Loan, (3-mo. CME Term SOFR at 0.75% Floor + 3.75%), 9.22%, 08/30/26

      93       76,667  

eResearchTechnology, Inc., 2020 1st Lien Term Loan, (1-mo. CME Term SOFR at 1.00% Floor + 4.50%), 9.93%, 02/04/27

      485       475,297  

Fortrea Holdings, Inc., Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.75%), 9.07%, 07/01/30

      211       210,588  

ICON Luxembourg SARL, LUX Term Loan, (3-mo. CEM Term SOFR + 2.25%), 7.90%, 07/03/28

      962       960,769  

Maravai Intermediate Holdings LLC, 2022 Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 3.00%), 8.32%, 10/19/27

      959       932,972  

Parexel International Corp., 2021 1st Lien Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.25%), 8.68%, 11/15/28

      1,503       1,491,024  

PRA Health Sciences, Inc., US Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 2.25%), 7.90%, 07/03/28

      240       239,377  

Star Parent, Inc., 2023 Term Loan B, 09/19/30(o)

      444       433,579  
     

 

 

 
          6,650,723  
Machinery — 2.9%                  

Albion Financing 3 SARL, USD Term Loan, (3-mo. CME Term SOFR + 5.25%), 10.86%, 08/17/26

      919       918,275  

Barnes Group, Inc., Term Loan B, (3-mo. CME Term SOFR + 3.00%), 8.42%, 09/03/30

      220       220,110  

Clark Equipment Co., 2022 Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 2.50%), 7.99%, 04/20/29

      126       126,344  

Columbus McKinnon Corp., 2021 Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 2.75%), 8.42%, 05/14/28

      143       143,284  

Filtration Group Corp.

     

2021 Incremental Term Loan, (1-mo. CME Term SOFR + 3.50%), 8.93%, 10/21/28

      489       486,678  

2023 USD Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 4.25%), 9.68%, 10/21/28

      1,101       1,101,866  

Gardner Denver, Inc., 2020 USD Term Loan B2, (1-mo. CME Term SOFR + 1.75%), 7.17%, 03/01/27

      875       875,587  
Security         

Par

(000)

    Value  
Machinery (continued)                  

Gates Global LLC, 2021 Term Loan B3, (1-mo. CME Term SOFR at 0.75% Floor + 2.50%), 7.82%, 03/31/27

    USD       1,199     $ 1,194,365  

Generac Power Systems, Inc., 2019 Term Loan B, 12/13/26(o)

      155       154,547  

Ingersoll-Rand Services Co., 2020 USD Spinco Term Loan, (1-mo. CME Term SOFR + 1.75%), 7.17%, 03/01/27

      191       190,887  

Madison IAQ LLC, Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.25%), 8.69%, 06/21/28

      1,822       1,789,379  

Roper Industrial Products Investment Co., USD Term Loan, (3-mo. CME Term SOFR + 4.50%), 9.89%, 11/22/29

      1,063       1,064,180  

SPX Flow, Inc., 2022 Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 4.50%), 9.92%, 04/05/29

      1,015       1,012,043  

Titan Acquisition Ltd., 2018 Term Loan B, (3-mo. LIBOR US + 3.00%), 8.65%, 03/28/25

      1,799       1,782,079  

Vertical U.S. Newco, Inc., Term Loan B, (6-mo. LIBOR US at 0.50% Floor + 3.50%), 9.38%, 07/30/27

      1,400       1,395,764  

Vertiv Group Corp., 2021 Term Loan B, (1-mo. CME Term SOFR + 2.75%), 8.19%, 03/02/27

      1,223       1,220,383  

Zurn LLC, 2021 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 2.00%), 7.43%, 10/04/28

      438       437,922  
     

 

 

 
          14,113,693  
Media — 1.4%                  

A L Parent LLC, 2023 Take Back Term Loan, (1-mo. CME Term SOFR at 2.00% Floor + 5.50%), 10.83%, 06/30/28

      205       197,932  

AVSC Holding Corp., 2020 Term Loan B1, (1-mo. CME Term SOFR at 1.00% Floor + 3.25%), 8.57%, 03/03/25

      648       622,467  

Cable One, Inc., 2021 Term Loan B4, (1-mo. CME Term SOFR + 2.00%), 7.43%, 05/03/28

      132       130,772  

Charter Communications Operating LLC, Class A, 2019 Term Loan B1, (3-mo. CME Term SOFR + 1.75%), 7.12%, 04/30/25

      600       599,640  

Clear Channel Outdoor Holdings, Inc., Term Loan B, (3-mo. CME Term SOFR + 3.50%), 9.13%, 08/21/26

      1,044       1,012,245  

Cogeco Financing 2 LP, 2023 Term Loan B, 09/29/28(o)

      666       648,633  

CSC Holdings LLC

     

2017 Term Loan B1, (1-mo. LIBOR US + 2.25%), 7.70%, 07/17/25

      263       254,300  

2019 Term Loan B5, (1-mo. CME Term SOFR + 2.50%), 7.95%, 04/15/27

      859       775,864  

DirecTV Financing LLC, Term Loan, (1-mo. CME Term SOFR at 0.75% Floor + 5.00%), 10.43%, 08/02/27

      1,113       1,086,869  

MH Sub I LLC, 2020 Incremental Term Loan, 09/13/24(o)

      (p)      1  

Sinclair Television Group, Inc., 2022 Term Loan B4, (1-mo. CME Term SOFR + 3.75%), 9.17%, 04/21/29

      796       551,576  
 

 

23  


Schedule of Investments (unaudited) (continued)

September 30, 2023

  

BlackRock Limited Duration Income Trust (BLW)

(Percentages shown are based on Net Assets)

 

Security          Par
(000)
    Value  

Media (continued)

     

Voyage Digital Ltd., USD Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 4.25%), 9.63%, 05/11/29(d)

    USD       404     $ 403,433  

Ziggo Financing Partnership, USD Term Loan I, (1-mo. CME Term SOFR + 2.50%), 7.95%, 04/30/28

    .       510       497,673  
     

 

 

 
        6,781,405  
Oil, Gas & Consumable Fuels — 0.9%                  

Freeport LNG Investments LLLP, Term Loan B, (3-mo. CME Term SOFR + 3.50%), 9.09%, 12/21/28

    .       1,772       1,753,758  

M6 ETX Holdings II Midco LLC, Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 4.50%), 9.92%, 09/19/29

      102       101,588  

Medallion Midland Acquisition LLC, 2021 Term Loan, (3-mo. CME Term SOFR at 0.75% Floor + 3.75%), 9.40%, 10/18/28

      889       889,422  

Oryx Midstream Services Permian Basin LLC, 2023 Incremental Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.25%), 8.69%, 10/05/28

      1,475       1,472,143  
     

 

 

 
        4,216,911  
Passenger Airlines — 1.7%                  

AAdvantage Loyalty IP Ltd., Series AA, 2021 Term Loan, (3-mo. CME Term SOFR at 0.75% Floor + 4.75%), 10.34%, 04/20/28

      1,427       1,468,670  

Air Canada, 2021 Term Loan B, (3-mo. CME Term SOFR at 0.75% Floor + 3.50%), 9.13%, 08/11/28

      1,164       1,163,228  

American Airlines, Inc.

     

Series AA, 2017 1st Lien Term Loan, (3-mo. CME Term SOFR + 1.75%), 7.32%, 01/29/27

      1,572       1,544,506  

Series AA, 2023 Term Loan B, (3-mo. CME Term SOFR + 2.75%), 8.54%, 02/15/28

      1,148       1,139,006  

Kestrel Bidco, Inc., Term Loan B, (1-mo. CME Term SOFR at 1.00% Floor + 3.00%), 8.42%, 12/11/26

      473       462,745  

Mileage Plus Holdings LLC, 2020 Term Loan B, (3-mo. CME Term SOFR at 1.00% Floor + 5.25%), 10.80%, 06/21/27

      1,156       1,199,244  

United Airlines, Inc., Series AA, 2021 Term Loan B, (1-mo. CME Term SOFR at 0.75% Floor + 3.75%), 9.18%, 04/21/28

      1,318       1,317,986  
     

 

 

 
          8,295,385  
Personal Care Products — 0.8%                  

Sunshine Luxembourg VII SARL, 2021 Term Loan B3, (3-mo. CME Term SOFR at 0.75% Floor + 3.75%), 9.24%, 10/01/26

      3,897       3,887,938  
     

 

 

 
Pharmaceuticals — 1.2%                  

Amneal Pharmaceuticals LLC, 2018 Term Loan B, (1-mo. CME Term SOFR + 3.50%), 8.93%, 05/04/25

      669       655,745  

Amynta Agency Borrower, Inc., 2023 Term Loan B, (1-mo. CME Term SOFR + 5.00%), 10.42%, 02/28/28

      409       408,349  

Bausch Health Cos., Inc., 2022 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 5.25%), 10.67%, 02/01/27

      571       462,794  

Elanco Animal Health, Inc., Term Loan B, (1-mo. CME Term SOFR + 1.75%), 7.18%, 08/01/27

      1,085       1,063,256  

Jazz Financing Lux SARL, USD Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.50%), 8.93%, 05/05/28

      1,069       1,067,845  
Security          Par
(000)
    Value  

Pharmaceuticals (continued)

     

Organon & Co., USD Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.00%), 8.44%, 06/02/28

    USD       825     $ 822,945  

Perrigo Investments LLC, Term Loan B, 04/20/29(o)

      470       467,796  

Precision Medicine Group LLC, 2021 Term Loan, (3-mo. CME Term SOFR at 0.75% Floor + 3.00%), 8.49%, 11/18/27(d)

      624       615,103  
     

 

 

 
        5,563,833  
Professional Services — 2.4%                  

AlixPartners LLP, 2021 USD Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 2.75%), 8.18%, 02/04/28

      913       911,387  

ASGN, Inc., 2023 Term Loan B, (1-mo. CME Term SOFR + 2.25%), 7.57%, 08/30/30

      204       204,510  

CoreLogic, Inc., Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.50%), 8.93%, 06/02/28

      2,201       2,029,153  

Dun & Bradstreet Corp.

     

2022 Incremental Term Loan B2, (1-mo. CME Term SOFR + 3.00%), 8.32%, 01/18/29

      301       300,506  

2023 Term Loan B, (1-mo. CME Term SOFR + 2.75%), 8.17%, 02/06/26

      1,942       1,937,267  

Element Materials Technology Group U.S. Holdings, Inc.

     

2022 USD Delayed Draw Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 4.25%), 9.74%, 07/06/29

      307       303,125  

2022 USD Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 4.25%), 9.74%, 07/06/29

      666       656,770  

Fleetcor Technologies Operating Co. LLC, Series C, 2021 Term Loan B4, (1-mo. CME Term SOFR + 1.75%), 7.17%, 04/28/28

      940       935,919  

Galaxy U.S. Opco, Inc., Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 4.75%), 10.07%, 04/29/29

      979       931,424  

Genuine Financial Holdings LLC, 2018 1st Lien Term Loan, (1-mo. LIBOR US + 3.75%) , 9.20%, 07/11/25

      299       299,027  

Trans Union LLC

     

2019 Term Loan B5, (1-mo. CME Term SOFR + 1.75%), 7.17%, 11/16/26

      746       744,246  

2021 Term Loan B6, (1-mo. CME Term SOFR at 0.50% Floor + 2.25%), 7.68%, 12/01/28

      1,249       1,247,730  

VS Buyer LLC, Term Loan B, (1-mo. CME Term SOFR + 3.25%), 8.67%, 02/28/27

      1,056       1,050,854  
     

 

 

 
        11,551,918  
Real Estate Management & Development — 0.3%  

Cushman & Wakefield U.S. Borrower LLC

     

2020 Term Loan B, (1-mo. CME Term SOFR + 2.75%), 8.18%, 08/21/25

      47       46,791  

2023 Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.25%), 8.67%, 01/31/30

      895       878,430  

2023 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 4.00%), 9.32%, 01/31/30

      445       440,550  
     

 

 

 
        1,365,771  
Semiconductors & Semiconductor Equipment — 0.2%  

MKS Instruments, Inc.

     

2022 USD Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 2.75%), 8.17%, 08/17/29

      753       751,932  
 

 

S C H E D U L E   O F   I N V E S T M E N T S

  24


Schedule of Investments (unaudited) (continued)

September 30, 2023

  

BlackRock Limited Duration Income Trust (BLW)

(Percentages shown are based on Net Assets)

 

Security          Par
(000)
    Value  
Semiconductors & Semiconductor Equipment (continued)  

MKS Instruments, Inc. (continued)

     

2023 Term Loan B, 10/03/30(o)

      165     $ 164,582  

Synaptics, Inc., Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 2.25%), 7.91%, 12/02/28

    USD       251       249,259  
     

 

 

 
        1,165,773  
Software — 6.1%                  

Applied Systems, Inc.

     

2021 2nd Lien Term Loan, (3-mo. CME Term SOFR at 0.75% Floor + 6.75%), 12.14%, 09/17/27

      90       90,131  

2022 Extended 1st Lien Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 4.50%), 9.89%, 09/18/26

      244       244,801  

Barracuda Networks, Inc., 2022 Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 4.50%), 9.87%, 08/15/29

      475       469,855  

Boxer Parent Co., Inc., 2021 USD Term Loan, (1-mo. CME Term SOFR + 3.75%), 9.18%, 10/02/25

      560       558,648  

CCC Intelligent Solutions, Inc., Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 2.25%), 7.68%, 09/21/28

      721       718,602  

Central Parent, Inc., 2022 USD Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 4.25%), 9.64%, 07/06/29

      1,198         1,197,301  

Cloud Software Group, Inc., 2022 USD Term Loan B, (3-mo. CEM Term SOFR + 4.50%), 9.99%, 03/30/29

      2,916       2,799,705  

Cloudera, Inc.

     

2021 Second Lien Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 6.00%), 11.42%, 10/08/29

      457       431,865  

2021 Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.75%), 9.17%, 10/08/28(d)

      377       369,746  

Cornerstone OnDemand, Inc., 2021 Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 3.75%), 9.18%, 10/16/28

      452       428,922  

Delta TopCo, Inc., 2020 2nd Lien Term Loan, (6-mo. CME Term SOFR at 0.75% Floor + 7.25%), 12.57%, 12/01/28(d)

      186       177,630  

E2open LLC, 2020 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.50%), 8.93%, 02/04/28

      112       111,484  

Genesys Cloud Services Holdings II LLC, 2020 USD Term Loan B4, (1-mo. CME Term SOFR at 0.75% Floor + 4.00%), 9.43%, 12/01/27

      1,546       1,545,765  

Helios Software Holdings, Inc., 2023 Term Loan B, (3-mo. CME Term SOFR + 4.25%), 9.74%, 07/18/30

      556       552,803  

Informatica LLC, 2021 USD Term Loan B, (1-mo. CME Term SOFR + 2.75%), 8.18%, 10/27/28

      1,224         1,218,522  

Instructure Holdings, Inc., 2021 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 2.75%), 8.68%, 10/30/28

      307       306,361  

Magenta Buyer LLC

     

2021 USD 1st Lien Term Loan, (3-mo. CME Term SOFR at 0.75% Floor + 5.00%), 10.63%, 07/27/28

      1,010       748,246  

2021 USD 2nd Lien Term Loan, (3-mo. LIBOR US at 0.75% Floor + 8.25%), 13.88%, 07/27/29

      936       430,438  
Security          Par
(000)
    Value  
Software (continued)                  

McAfee Corp., 2022 USD Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.75%), 9.18%, 03/01/29

    USD       1,621     $ 1,581,441  

MH Sub I LLC

     

2021 2nd Lien Term Loan, (1-mo. CME Term SOFR + 6.25%), 11.57%, 02/23/29

      1,005       887,518  

2023 Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 4.25%), 9.57%, 05/03/28

      3,277       3,166,336  

NortonLifeLock, Inc., 2022 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 2.00%), 7.42%, 09/12/29

      761       758,363  

Proofpoint, Inc., 1st Lien Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.25%), 8.68%, 08/31/28

      2,370       2,348,216  

RealPage, Inc.

     

1st Lien Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.00%), 8.43%, 04/24/28

      3,427       3,384,018  

2nd Lien Term Loan, (1-mo. CME Term SOFR at 0.75% Floor + 6.50%), 11.93%, 04/23/29

      480       480,600  

Severin Acquisition LLC, 2018 Term Loan B, (3-mo. CME Term SOFR + 3.00%), 8.37%, 08/01/25

      736       734,496  

Sophia LP, 2021 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.50%), 8.92%, 10/07/27

      741       738,382  

SS&C Technologies, Inc.

     

2018 Term Loan B3, (1-mo. CME Term SOFR + 1.75%), 7.18%, 04/16/25

      464       464,058  

2018 Term Loan B4, (1-mo. CME Term SOFR + 1.75%), 7.18%, 04/16/25

      438       437,946  

UKG, Inc., 2021 2nd Lien Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 5.25%), 10.62%, 05/03/27

      788       786,149  

Ultimate Software Group, Inc.

     

2021 Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 3.25%), 8.62%, 05/04/26

      58       57,492  

Term Loan B, (3-mo. CME Term SOFR + 3.75%), 9.22%, 05/04/26

      762       760,142  

Voyage Australia Pty. Ltd., USD Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 3.50%), 9.09%, 07/20/28

      134       132,261  

ZoomInfo LLC, 2023 Term Loan B, (1-mo. CME Term SOFR + 2.75%), 8.17%, 02/28/30

      88       88,222  
     

 

 

 
          29,206,465  
Specialty Retail — 1.4%                  

CD&R Firefly Bidco Ltd., 2023 GBP Term Loan B5, (3-mo. SONIA + 6.00%), 11.04%, 06/21/28

    GBP       1,000       1,188,987  

EG America LLC, 2018 USD Term Loan, (1-mo. SOFR + 4.00%), 9.41%, 02/07/25

    USD       1,020       1,002,406  

EG Group Ltd., 2021 Term Loan, (1-mo. CME Term SOFR + 4.25%), 9.73%, 03/31/26

      214       214,000  

Mavis Tire Express Services Corp., 2021 Term Loan B, (1-mo. CME Term SOFR at 0.75% Floor + 4.00%), 9.43%, 05/04/28

      1,258       1,253,639  

PetSmart, Inc., 2021 Term Loan B, (1-mo. CME Term SOFR at 0.75% Floor + 3.75%), 9.17%, 02/11/28

      1,606       1,598,853  

Pilot Travel Centers LLC, 2021 Term Loan B, (1-mo. CME Term SOFR + 2.00%), 7.42%, 08/04/28

      755       753,514  
 

 

25  


Schedule of Investments (unaudited) (continued)

September 30, 2023

  

BlackRock Limited Duration Income Trust (BLW)

(Percentages shown are based on Net Assets)

 

Security          Par
(000)
    Value  

Specialty Retail (continued)

     

Restoration Hardware, Inc.

     

2022 Incremental Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.25%), 8.67%, 10/20/28

    USD       361     $ 346,173  

Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 2.50%), 7.93%, 10/20/28

      312       299,175  

RVR Dealership Holdings LLC, Term Loan B, (3-mo. CME Term SOFR at 0.75% Floor + 3.75%), 9.25%, 02/08/28(d)

      96       85,497  
     

 

 

 
        6,742,244  
Technology Hardware, Storage & Peripherals — 0.0%  

Electronics for Imaging, Inc., Term Loan, (1-mo. CME Term SOFR + 5.00%), 10.42%, 07/23/26

      276       181,886  
     

 

 

 
Textiles, Apparel & Luxury Goods — 0.1%  

Crocs, Inc., 2023 Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 3.00%), 8.53%, 02/20/29

      399       399,574  

Hanesbrands, Inc., 2023 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.75%), 9.07%, 03/08/30(d)

      238       232,455  
     

 

 

 
        632,029  
Trading Companies & Distributors — 1.2%  

Beacon Roofing Supply, Inc., 2021 Term Loan B, (1-mo. CME Term SOFR + 2.25%), 7.68%, 05/19/28

      608       607,221  

Core & Main LP, 2021 Term Loan B, (3-mo. CME Term SOFR + 2.50%), 7.84%, 07/27/28

      1,796       1,790,581  

SRS Distribution, Inc.

     

2021 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.50%), 8.93%, 06/02/28

      1,805       1,785,405  

2022 Incremental Term Loan, (1-mo. CME Term SOFR + 3.50%), 8.92%, 06/02/28

      404       399,465  

TMK Hawk Parent Corp.(d)

     

2020 Super Priority First Out Term Loan A, (3-mo. CME Term SOFR + 9.50%), 15.17%, 05/30/24

      164       162,370  

2020 Super Priority Second Out Term Loan B, (3-mo. CME Term SOFR + 3.50%), 9.17%, 08/28/24

      1,297       830,124  
     

 

 

 
        5,575,166  
Transportation Infrastructure — 0.3%                  

Apple Bidco LLC, 2022 Incremental Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 4.00%), 9.32%, 09/22/28

      358       356,604  

KKR Apple Bidco LLC, 2021 Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 2.75%), 8.18%, 09/22/28

      476       472,290  

OLA Netherlands BV, Term Loan, (1-mo. CME Term SOFR at 0.75% Floor + 6.25%), 11.57%, 12/15/26(d)

      628       621,892  

Rand Parent LLC, 2023 Term Loan B, (3-mo. CME Term SOFR + 4.25%), 9.64%, 03/17/30

      160       155,056  
     

 

 

 
          1,605,842  
Wireless Telecommunication Services — 0.4%  

Digicel International, 2017 Term Loan B1, 05/27/24(o)

 

    18       16,277  
Security          Par
(000)
    Value  

Wireless Telecommunication Services (continued)

 

Digicel International Finance Ltd., 2017 Term Loan B, (3-mo. LIBOR US + 3.25%), 8.90%, 05/28/24

    USD       420     $ 376,555  

GOGO Intermediate Holdings LLC, Term Loan B, (1-mo. CME Term SOFR at 0.75% Floor + 3.75%), 9.18%, 04/30/28

      367       365,729  

SBA Senior Finance II LLC, 2018 Term Loan B, (1-mo. CME Term SOFR + 1.75%), 7.17%, 04/11/25

      1,044       1,043,134  
     

 

 

 
        1,801,695  
     

 

 

 

Total Floating Rate Loan Interests — 60.6%
(Cost: $296,852,983)

 

        292,590,694  
     

 

 

 

Foreign Agency Obligations

     
Bahrain — 0.1%                  

Bahrain Government International Bond, 6.75%, 09/20/29(e)

      200       195,882  
     

 

 

 
Chile — 0.0%                  

Chile Government International Bond, 4.34%, 03/07/42(h)

      200       161,234  
     

 

 

 
Colombia — 0.1%                  

Colombia Government International Bond(h)

     

3.13%, 04/15/31

      430       317,555  

8.00%, 04/20/33

      200       197,594  
     

 

 

 
        515,149  
Dominican Republic — 0.1%                  

Dominican Republic International Bond(b)

     

4.50%, 01/30/30

      200       169,034  

7.05%, 02/03/31

      150       144,686  

4.88%, 09/23/32(h)

      300       243,507  
     

 

 

 
        557,227  
Egypt — 0.0%                  

Egypt Government International Bond, 7.50%, 02/16/61(b)

      200       100,398  
     

 

 

 
Guatemala — 0.0%                  

Guatemala Government Bond, 4.65%, 10/07/41(b)

      200       147,206  
     

 

 

 
Ivory Coast — 0.0%                  

Ivory Coast Government International Bond, 6.38%, 03/03/28(e)(h)

      200       186,680  
     

 

 

 
Morocco — 0.0%                  

Morocco Government International Bond, 2.38%, 12/15/27(b)

      200       171,326  
     

 

 

 
Nigeria — 0.0%                  

Nigeria Government International Bond, 8.38%, 03/24/29(b)

      200       171,108  
     

 

 

 
Oman — 0.1%                  

Oman Government International Bond, 6.50%, 03/08/47(e)

      308       274,443  
     

 

 

 
Romania — 0.1%                  

Romanian Government International Bond 5.25%, 11/25/27(b)

      62       60,206  
 

 

S C H E D U L E   O F   I N V E S T M E N T S

  26


Schedule of Investments (unaudited) (continued)

September 30, 2023

  

BlackRock Limited Duration Income Trust (BLW)

(Percentages shown are based on Net Assets)

 

Security          Par
(000)
    Value  

Romania (continued)

     

Romanian Government International Bond (continued)

     

2.50%, 02/08/30(e)

    EUR       138     $ 119,274  

2.12%, 07/16/31(e)

      156       121,963  
     

 

 

 
        301,443  
South Africa — 0.1%                  

Republic of South Africa Government International Bond

     

4.85%, 09/30/29

    USD       200       171,238  

5.00%, 10/12/46

      230       141,857  
     

 

 

 
        313,095  
Sri Lanka — 0.1%                  

Sri Lanka Government International
Bond(e)(f)(i)

     

6.85%, 03/14/24(h)

      200       94,440  

6.35%, 06/28/24

      200       94,652  
     

 

 

 
        189,092  
Ukraine — 0.0%                  

Ukraine Government International Bond(f)(i)

     

9.75%, 11/01/30(e)

      236       69,620  

7.25%, 03/15/35(b)

      200       52,300  
     

 

 

 
        121,920  
     

 

 

 

Total Foreign Agency Obligations — 0.7%
(Cost: $4,275,163)

 

        3,406,203  
     

 

 

 
            Shares         

Investment Companies

     

Fixed Income Funds — 1.5%

     

Invesco Senior Loan ETF

      345,501       7,252,066  
     

 

 

 

Total Investment Companies — 1.5%
(Cost: $7,295,938)

        7,252,066  
     

 

 

 
            Par
(000)
        

Non-Agency Mortgage-Backed Securities

 

 

Collateralized Mortgage Obligations — 2.4%

 

 

Alternative Loan Trust

     

Series 2005-54CB, Class 3A4, 5.50%, 11/25/35

    USD       983       537,842  

Series 2006-J8, Class A5, 6.00%, 02/25/37

      1,755       744,377  

Series 2007-19, Class 1A1, 6.00%, 08/25/37

      545       273,139  

CHL Mortgage Pass-Through Trust

     

Series 2005-17, Class 1A6, 5.50%, 09/25/35

      93       84,587  

Series 2006-17, Class A2, 6.00%, 12/25/36

      612       238,909  

Series 2007-HY5, Class 3A1, 5.06%, 09/25/37(a)

      240       209,080  

COLT Mortgage Loan Trust(b)(c)

     

Series 2022-7, Class A1, 5.16%, 04/25/67

      2,074       2,019,207  

Series 2022-9, Class A1, 6.79%, 12/25/67

      275       275,271  

Ellington Financial Mortgage Trust, Series 2021-2, Class A1, 0.93%, 06/25/66(a)(b)

      208       162,143  

GCAT Trust, Series 2022-NQM3, Class A1, 4.35%, 04/25/67(a)(b)

      1,437       1,335,882  

GSR Mortgage Loan Trust, Series 2005-AR5, Class 2A3, 4.63%, 10/25/35(a)

      304       166,351  
Security          Par
(000)
    Value  

Collateralized Mortgage Obligations (continued)

 

JP Morgan Mortgage Trust, Series 2022-DSC1, Class A1, 4.75%, 01/25/63(a)(b)

    USD       382     $ 351,190  

OBX Trust

     

Series 2022-NQM9, Class A1A, 6.45%, 09/25/62(b)(c)

      91       90,997  

Series 2023-NQM6, Class A1, 6.52%, 07/25/63

      1,173       1,173,933  

Spruce Hill Mortgage Loan Trust, Series 2022-SH1, Class A1A, 4.10%, 07/25/57(b)(c)

      576       533,466  

Verus Securitization Trust(b)(c)

     

Series 2022-3, Class A1, 4.13%, 02/25/67

      1,394       1,254,002  

Series 2022-7, Class A1, 5.15%, 07/25/67

      1,661       1,616,068  

Series 2022-INV2, Class A1, 6.79%, 10/25/67

      421       420,542  
     

 

 

 
        11,486,986  
Commercial Mortgage-Backed Securities(b) — 0.9%  

BX Commercial Mortgage Trust(a)

     

Series 2019-XL, Class A, (1-mo. Term SOFR + 1.03%), 6.37%, 10/15/36

      932       928,683  

Series 2021-CIP, Class A, (1-mo. Term SOFR + 1.04%), 6.37%, 12/15/38

      1,000       978,669  

Series 2021-XL2, Class A, (1-mo. Term SOFR + 0.80%), 6.14%, 10/15/38

      383       374,250  

BX Trust, Series 2022 VAMF, Class A, (1-mo. Term SOFR + 0.85%), 6.18%, 01/15/39(a)

      1,200       1,174,406  

Citigroup Commercial Mortgage Trust, Series 2019- SMRT, Class A, 4.15%, 01/10/36

      800       798,494  
     

 

 

 
        4,254,502  
     

 

 

 

Total Non-Agency Mortgage-Backed Securities — 3.3%
(Cost: $16,941,700)

 

    15,741,488  
     

 

 

 
           

Benefical

Interest (000)

        

Other Interests

 

 

Capital Markets — 0.0%

 

 

Millennium Lender Claim Trust(d)(q)

    USD       918        
     

 

 

 

Industrial Conglomerates — 0.0%

 

 

Millennium Corp. Claim(d)(q)

      861        
     

 

 

 

Total Other Interests — 0.0%
(Cost: $ — )

         
     

 

 

 
           

Par

(000)

        

Preferred Securities

 

 

Capital Trusts — 3.8%(a)

 

 
Automobiles — 0.1%        

General Motors Financial Co., Inc.,
Series C, 5.70%(j)

    USD       365       311,932  
     

 

 

 
Banks(j) — 1.0%        

AIB Group PLC, 5.25%(e)

    EUR       200       201,406  

Bank of East Asia Ltd., 5.88%(e)

    USD       250       215,137  

ING Groep NV, 3.88%(h)

      1,750       1,262,592  

Nordea Bank Abp, 3.75%(b)(h)

      560       407,195  

PNC Financial Services Group, Inc.(h) Series V, 6.20%

      290       266,512  
 

 

27  


Schedule of Investments (unaudited) (continued)

September 30, 2023

  

BlackRock Limited Duration Income Trust (BLW)

(Percentages shown are based on Net Assets)

 

Security          Par
(000)
    Value  

Banks (continued)

     

PNC Financial Services Group, Inc.(h) (continued)

     

Series W, 6.25%

    USD       289     $ 247,735  

Rizal Commercial Banking Corp., 6.50%(e)

      200       181,476  

Wells Fargo & Co.(h)

     

7.63%

      439       442,585  

Series S, 5.90%

      1,500       1,469,933  

Woori Bank, 4.25%(e)

      250       240,515  
     

 

 

 
        4,935,086  
Diversified Telecommunication Services — 0.1%        

Telefonica Europe BV, 6.14%(e)(j)

    EUR       200       203,017  
     

 

 

 
Electric Utilities — 0.4%        

Edison International, Series B, 5.00%(j)

    USD       175       149,568  

EDP - Energias de Portugal SA, 5.94%, 04/23/83(e)

    EUR       100       104,668  

Electricite de France SA, 3.00%(e)(j)

      200       178,824  

NextEra Energy Capital Holdings, Inc., 5.65%, 05/01/79(h)

    USD       1,750       1,611,472  
     

 

 

 
        2,044,532  
Financial Services(j) — 2.0%        

Bank of America Corp.(h)

     

Series DD, 6.30%

      215       210,934  

Series X, 6.25%

      1,929       1,897,814  

Series Z, 6.50%

      143       142,086  

Barclays PLC

     

4.38%(h)

      455       315,789  

8.00%

      210       188,463  

BNP Paribas SA, 6.88%(e)

    EUR       200       200,856  

Citigroup, Inc., 7.63%

    USD       223       217,559  

Credit Agricole SA, 4.75%(b)(h)

      200       151,941  

HSBC Holdings PLC, 6.00%(h)

      415       368,977  

JPMorgan Chase & Co., Series FF, 5.00%(h)

      2,000       1,933,140  

Lloyds Banking Group PLC

     

8.00%

      265       237,564  

7.50%(h)

      1,250       1,167,845  

NatWest Group PLC, 6.00%(h)

      1,185       1,087,428  

Societe Generale SA, 5.38%(b)(h)

      2,250       1,604,419  
     

 

 

 
          9,724,815  
Independent Power and Renewable Electricity Producers(b)(j) — 0.2%  

NRG Energy, Inc., 10.25%(h)

      452       442,691  

Vistra Corp., 7.00%

      240       219,000  
     

 

 

 
        661,691  
Media — 0.0%        

SES SA, 2.88%(e)(j)

    EUR       100       92,461  
     

 

 

 
Oil, Gas & Consumable Fuels — 0.0%        

Abertis Infraestructuras Finance BV, 3.25%(e)(j)

      100       96,374  
     

 

 

 
Wireless Telecommunication Services — 0.0%        

Vodafone Group PLC, 2.63%, 08/27/80(e)

      100       96,226  
     

 

 

 
        18,166,134  
     

 

 

 
Security              
Shares
    Value  

Preferred Stocks — 0.5%

     
Capital Markets(a)(j) — 0.5%        

Morgan Stanley

     

Series F

      55,000     $ 1,375,000  

Series K

      53,253       1,237,067  
     

 

 

 
        2,612,067  
Wireless Telecommunication Services — 0.0%        

CF-B L2 (D) LLC, (Acquired 04/08/15,
Cost: $136,229)(g)

      139,135       932  
     

 

 

 
        2,612,999  
     

 

 

 

Total Preferred Securities — 4.3%
(Cost: $23,855,551)

        20,779,133  
     

 

 

 
            Par
(000)
        

U.S. Government Sponsored Agency Securities

 

Commercial Mortgage-Backed Securities — 0.1%

 

 

Freddie Mac Multifamily Structured Pass-Through Certificates, Series K042, Class X1, 1.15%, 12/25/24(a)

    USD       31,500       306,719  
     

 

 

 
Mortgage-Backed Securities(l)(r) — 4.4%        

Uniform Mortgage-Backed Securities

     

3.50%, 10/12/53

      9,000       7,739,297  

5.00%, 10/12/53

      9,600       9,057,000  

5.50%, 10/12/53

      4,600       4,445,289  
     

 

 

 
          21,241,586  
     

 

 

 

Total U.S. Government Sponsored Agency Securities — 4.5%
(Cost: $22,010,271)

 

    21,548,305  
     

 

 

 
            Shares         

Warrants

 

 

Consumer Discretionary — 0.0%

 

 

Service King (Carnelian Point), (Exercisable 01/14/23, 1 Share for 1 Warrant, Expires 06/30/27, Strike Price USD 10.00)(f)

      1,357        
     

 

 

 
Oil, Gas & Consumable Fuels — 0.0%        

California Resources Corp., (Issued/Exercisable 11/03/20, 1 Share for 1 Warrant, Expires 10/27/24, Strike Price USD 36.00)(f)

      345       7,352  
     

 

 

 

Total Warrants — 0.0%
(Cost: $ — )

        7,352  
     

 

 

 

Total Long-Term Investments — 155.7%
(Cost: $796,814,554)

        752,117,646  
     

 

 

 
 

 

S C H E D U L E   O F   I N V E S T M E N T S

  28


Schedule of Investments (unaudited) (continued)

September 30, 2023

  

BlackRock Limited Duration Income Trust (BLW)

(Percentages shown are based on Net Assets)

 

Security          Shares     Value  

Short-Term Securities

 

   

Money Market Funds — 0.3%

 

   

BlackRock Liquidity Funds, T-Fund, Institutional Class, 5.23%(s)(t)

      1,512,322     $ 1,512,322  
     

 

 

 

Total Short-Term Securities — 0.3%
(Cost: $1,512,322)

        1,512,322  
     

 

 

 

Total Investments — 156.0%
(Cost: $798,326,876)

        753,629,968  

Liabilities in Excess of Other Assets — (56.0)%

 

    (270,453,189
     

 

 

 

Net Assets — 100.0%

      $ 483,176,779  
     

 

 

 

 

(a) 

Variable rate security. Interest rate resets periodically. The rate shown is the effective interest rate as of period end. Security description also includes the reference rate and spread if published and available.

(b) 

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.

(c) 

Step coupon security. Coupon rate will either increase (step-up bond) or decrease (step- down bond) at regular intervals until maturity. Interest rate shown reflects the rate currently in effect.

(d) 

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

 

 

(e) 

This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933.

(f) 

Non-income producing security.

(g) 

Restricted security as to resale, excluding 144A securities. The Fund held restricted securities with a current value of $45,443, representing less than 0.05% of its net assets as of period end, and an original cost of $172,521.

(h) 

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

(i) 

Issuer filed for bankruptcy and/or is in default.

(j) 

Perpetual security with no stated maturity date.

(k) 

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.

(l) 

When-issued security.

(m) 

Convertible security.

(n) 

Zero-coupon bond.

(o) 

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

(p) 

Rounds to less than 1,000.

(q) 

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

(r) 

Represents or includes a TBA transaction.

(s) 

Affiliate of the Fund.

(t) 

Annualized 7-day yield as of period end.

 

For Fund compliance purposes, the Fund’s industry classifications refer to one or more of the industry sub-classifications used by one or more widely recognized market indexes or rating group indexes, and/or as defined by the investment adviser. These definitions may not apply for purposes of this report, which may combine such industry sub-classifications for reporting ease.

Affiliates

Investments in issuers considered to be affiliate(s) of the Fund during the period ended September 30, 2023 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

                   
Affiliated Issuer   

Value at

12/31/22

    

Purchases

at Cost

    

Proceeds

from Sales

    

Net

Realized

Gain (Loss)

    

Change in

Unrealized

Appreciation

(Depreciation)

    

Value at

09/30/23

    

Shares

Held at

09/30/23

    

Income

    

Capital Gain

Distributions

from

Underlying

Funds

 

BlackRock Liquidity Funds, T-Fund, Institutional Class

   $ 1,474,663      $ 37,659 (a)     $      $      $      $ 1,512,322        1,512,322      $  101,586      $  
           

 

 

    

 

 

    

 

 

       

 

 

    

 

 

 

 

  (a) 

Represents net amount purchased (sold).

 

Reverse Repurchase Agreements

 

               

Counterparty

    

Interest

Rate

 

 

   

Trade

Date

 

 

    

Maturity

Date

 

(a) 

      Face Value       

Face Value

Including

Accrued Interest

 

 

 

  

Type of Non-Cash Underlying

Collateral

  

Remaining   

Contractual Maturity   

of the Agreements(a)

HSBC Securities (USA), Inc.

     5.50 %(b)      11/29/22        Open     $ 811,250      $ 844,911      Corporate Bonds    Open/Demand

HSBC Securities (USA), Inc.

     5.50 (b)      12/28/22        Open       670,312        695,975      Corporate Bonds    Open/Demand

HSBC Securities (USA), Inc.

     5.50 (b)      12/28/22        Open       900,000        934,456      Corporate Bonds    Open/Demand

Barclays Capital, Inc.

     4.75 (b)      12/30/22        Open       191,595        198,572      Corporate Bonds    Open/Demand

Nomura Securities International, Inc.

     5.48 (b)      06/30/23        Open       182,868        185,326      Corporate Bonds    Open/Demand

Nomura Securities International, Inc.

     5.48 (b)      07/12/23        Open       926,520        937,629      Corporate Bonds    Open/Demand

TD Securities (USA) LLC

     5.65 (b)      07/12/23        Open       734,081        743,163      Corporate Bonds    Open/Demand

Barclays Bank PLC

     5.50 (b)      07/17/23        Open       441,750        446,744      Corporate Bonds    Open/Demand

Barclays Bank PLC

     5.50 (b)      07/17/23        Open       808,875        818,020      Corporate Bonds    Open/Demand

Barclays Bank PLC

     5.50 (b)      07/17/23        Open       457,500        462,672      Corporate Bonds    Open/Demand

Barclays Bank PLC

     5.55 (b)      07/17/23        Open       380,100        384,437      Capital Trusts    Open/Demand

Barclays Bank PLC

     5.55 (b)      07/17/23        Open       1,229,375        1,243,404      Capital Trusts    Open/Demand

Barclays Bank PLC

     5.55 (b)      07/17/23        Open       449,375        454,503      Corporate Bonds    Open/Demand

Barclays Bank PLC

     5.55 (b)      07/17/23        Open       1,847,500        1,868,582      Capital Trusts    Open/Demand

Barclays Bank PLC

     5.60 (b)      07/17/23        Open       2,366,250        2,393,501      Corporate Bonds    Open/Demand

RBC Capital Markets, LLC

     5.65 (b)      07/17/23        Open       144,113        145,787      Corporate Bonds    Open/Demand

 

29  


Schedule of Investments (unaudited) (continued)

September 30, 2023

  

BlackRock Limited Duration Income Trust (BLW)

 

Reverse Repurchase Agreements (continued)

 

               

Counterparty

    

Interest

Rate

 

 

   

Trade

Date

 

 

    

Maturity

Date

 

(a) 

      Face Value       

Face Value

Including

Accrued Interest

 

 

 

  

Type of Non-Cash Underlying

Collateral

  

Remaining   

Contractual Maturity   

of the Agreements(a)

Nomura Securities International, Inc.

     5.48 %(b)      07/19/23        Open     $ 442,470      $ 447,325      Corporate Bonds    Open/Demand

Nomura Securities International, Inc.

     5.67 (b)      07/20/23        Open       575,392        581,844      Corporate Bonds    Open/Demand

Nomura Securities International, Inc.

     5.67 (b)      07/20/23        Open       431,685        436,525      Corporate Bonds    Open/Demand

TD Securities (USA) LLC

     5.64 (b)      07/24/23        Open       913,640        923,282      Corporate Bonds    Open/Demand

TD Securities (USA) LLC

     5.64 (b)      07/24/23        Open       1,249,755        1,262,944      Corporate Bonds    Open/Demand

BNP Paribas SA

     5.15 (b)      07/25/23        Open       262,650        265,139      Corporate Bonds    Open/Demand

BNP Paribas SA

     5.45 (b)      07/25/23        Open       251,680        254,208      Corporate Bonds    Open/Demand

BNP Paribas SA

     5.45 (b)      07/25/23        Open       550,500        556,029      Corporate Bonds    Open/Demand

Credit Agricole Corporate and Investment Bank

     5.50 (b)      07/26/23        Open       682,055        688,871      Corporate Bonds    Open/Demand

Nomura Securities International, Inc.

     5.48 (b)      07/27/23        Open       264,615        267,273      Corporate Bonds    Open/Demand

Nomura Securities International, Inc.

     5.35 (b)      07/28/23        Open       187,773        189,531      Corporate Bonds    Open/Demand

RBC Capital Markets, LLC

     5.50 (b)      07/28/23        Open       350,323        353,695      Corporate Bonds    Open/Demand

BNP Paribas SA

     5.47 (b)      07/31/23        Open       873,750        881,981      Corporate Bonds    Open/Demand

BNP Paribas SA

     5.49 (b)      07/31/23        Open       2,315,651        2,337,546      Corporate Bonds    Open/Demand

Goldman Sachs & Co. LLC

     5.25 (b)      07/31/23        Open       320,152        323,046      Corporate Bonds    Open/Demand

Goldman Sachs & Co. LLC

     5.35 (b)      07/31/23        Open       262,748        265,168      Corporate Bonds    Open/Demand

Goldman Sachs & Co. LLC

     5.35 (b)      07/31/23        Open       532,496        537,403      Corporate Bonds    Open/Demand

Goldman Sachs & Co. LLC

     5.45 (b)      07/31/23        Open       816,377        824,040      Corporate Bonds    Open/Demand

Goldman Sachs & Co. LLC

     5.55 (b)      07/31/23        Open       601,895        607,648      Corporate Bonds    Open/Demand

Goldman Sachs & Co. LLC

     5.55 (b)      07/31/23        Open       1,085,962        1,096,343      Corporate Bonds    Open/Demand

Goldman Sachs & Co. LLC

     5.55 (b)      07/31/23        Open       263,301        265,817      Corporate Bonds    Open/Demand

Goldman Sachs & Co. LLC

     5.55 (b)      07/31/23        Open       593,687        599,362      Corporate Bonds    Open/Demand

Goldman Sachs & Co. LLC

     5.55 (b)      07/31/23        Open       327,025        330,151      Corporate Bonds    Open/Demand

Goldman Sachs & Co. LLC

     5.55 (b)      07/31/23        Open       440,800        445,013      Corporate Bonds    Open/Demand

Goldman Sachs & Co. LLC

     5.55 (b)      07/31/23        Open       502,330        507,131      Corporate Bonds    Open/Demand

TD Securities (USA) LLC

     5.65 (b)      07/31/23        Open       658,800        665,210      Corporate Bonds    Open/Demand

BNP Paribas SA

     5.47 (b)      08/02/23        Open       405,131        408,825      Corporate Bonds    Open/Demand

Barclays Capital, Inc.

     (1.75 )(b)      08/04/23        Open       245,164        244,496      Corporate Bonds    Open/Demand

Barclays Capital, Inc.

     5.50 (b)      08/04/23        Open       145,500        146,745      Capital Trusts    Open/Demand

Barclays Capital, Inc.

     5.55 (b)      08/04/23        Open       133,705        134,859      Capital Trusts    Open/Demand

Barclays Capital, Inc.

     5.55 (b)      08/04/23        Open       287,906        290,392      Capital Trusts    Open/Demand

Barclays Capital, Inc.

     5.55 (b)      08/04/23        Open       329,085        331,926      Corporate Bonds    Open/Demand

Barclays Capital, Inc.

     5.55 (b)      08/04/23        Open       201,294        203,032      Capital Trusts    Open/Demand

Barclays Capital, Inc.

     5.55 (b)      08/04/23        Open       27,549        27,787      Corporate Bonds    Open/Demand

Barclays Capital, Inc.

     5.55 (b)      08/04/23        Open       570,977        575,907      Corporate Bonds    Open/Demand

Barclays Capital, Inc.

     5.70 (b)      08/04/23        Open       299,393        302,047      Corporate Bonds    Open/Demand

BNP Paribas SA

     4.50 (b)      08/04/23        Open       210,755        212,230      Corporate Bonds    Open/Demand

BNP Paribas SA

     5.07 (b)      08/04/23        Open       60,316        60,792      Corporate Bonds    Open/Demand

BNP Paribas SA

     5.15 (b)      08/04/23        Open       169,950        171,311      Corporate Bonds    Open/Demand

BNP Paribas SA

     5.30 (b)      08/04/23        Open       827,647        834,471      Corporate Bonds    Open/Demand

BNP Paribas SA

     5.30 (b)      08/04/23        Open       422,001        425,480      Corporate Bonds    Open/Demand

BNP Paribas SA

     5.32 (b)      08/04/23        Open       826,250        833,088      Corporate Bonds    Open/Demand

BNP Paribas SA

     5.37 (b)      08/04/23        Open       145,508        146,723      Corporate Bonds    Open/Demand

BNP Paribas SA

     5.39 (b)      08/04/23        Open       110,685        111,613      Corporate Bonds    Open/Demand

BNP Paribas SA

     5.39 (b)      08/04/23        Open       286,110        288,509      Corporate Bonds    Open/Demand

BNP Paribas SA

     5.41 (b)      08/04/23        Open       391,310        394,603      Corporate Bonds    Open/Demand

BNP Paribas SA

     5.44 (b)      08/04/23        Open       240,570        242,606      Corporate Bonds    Open/Demand

BNP Paribas SA

     5.44 (b)      08/04/23        Open       215,025        216,845      Corporate Bonds    Open/Demand

BNP Paribas SA

     5.45 (b)      08/04/23        Open       274,500        276,827      Corporate Bonds    Open/Demand

BNP Paribas SA

     5.45 (b)      08/04/23        Open       158,868        160,214      Corporate Bonds    Open/Demand

BNP Paribas SA

     5.45 (b)      08/04/23        Open       339,439        342,316      Corporate Bonds    Open/Demand

BNP Paribas SA

     5.45 (b)      08/04/23        Open       1,440,000        1,452,208      Corporate Bonds    Open/Demand

BNP Paribas SA

     5.45 (b)      08/04/23        Open       586,250        591,220      Corporate Bonds    Open/Demand

BNP Paribas SA

     5.48 (b)      08/04/23        Open       380,736        383,982      Corporate Bonds    Open/Demand

BNP Paribas SA

     5.49 (b)      08/04/23        Open       274,730        277,076      Corporate Bonds    Open/Demand

BNP Paribas SA

     5.49 (b)      08/04/23        Open       92,188        92,975      Corporate Bonds    Open/Demand

BNP Paribas SA

     5.49 (b)      08/04/23        Open       266,438        268,713      Capital Trusts    Open/Demand

BNP Paribas SA

     5.49 (b)      08/04/23        Open       467,325        471,316      Corporate Bonds    Open/Demand

BNP Paribas SA

     5.50 (b)      08/04/23        Open       1,216,687        1,227,097      Corporate Bonds    Open/Demand

BNP Paribas SA

     5.53 (b)      08/04/23        Open       966,250        974,562      Corporate Bonds    Open/Demand

BNP Paribas SA

     5.53 (b)      08/04/23        Open       927,500        935,479      Corporate Bonds    Open/Demand

 

S C H E D U L E   O F   I N V E S T M E N T S

  30


Schedule of Investments (unaudited) (continued)

September 30, 2023

  

BlackRock Limited Duration Income Trust (BLW)

 

Reverse Repurchase Agreements (continued)

 

               

Counterparty

    

Interest

Rate

 

 

   

Trade

Date

 

 

    

Maturity

Date

 

(a) 

      Face Value       

Face Value

Including

Accrued Interest

 

 

 

  

Type of Non-Cash Underlying

Collateral

  

Remaining   

Contractual Maturity   

of the Agreements(a)

BNP Paribas SA

     5.54 %(b)      08/04/23        Open     $ 1,789,147      $ 1,804,566      Capital Trusts    Open/Demand

BNP Paribas SA

     5.56 (b)      08/04/23        Open       506,325        510,704      Corporate Bonds    Open/Demand

BNP Paribas SA

     5.65 (b)      08/04/23        Open       637,200        642,800      Corporate Bonds    Open/Demand

BNP Paribas SA

     5.68 (b)      08/04/23        Open       336,785        339,761      Corporate Bonds    Open/Demand

BNP Paribas SA

     5.68 (b)      08/04/23        Open       331,200        334,126      Corporate Bonds    Open/Demand

BNP Paribas SA

     5.70 (b)      08/04/23        Open       1,431,562        1,444,256      Capital Trusts    Open/Demand

BNP Paribas SA

     5.70 (b)      08/04/23        Open       1,060,937        1,070,344      Capital Trusts    Open/Demand

Credit Agricole Corporate and Investment Bank

     5.50 (b)      08/04/23        Open       621,250        626,565      Corporate Bonds    Open/Demand

Credit Agricole Corporate and Investment Bank

     5.52 (b)      08/04/23        Open       172,200        173,679      Corporate Bonds    Open/Demand

Credit Agricole Corporate and Investment Bank

     5.52 (b)      08/04/23        Open       317,156        319,880      Corporate Bonds    Open/Demand

Credit Agricole Corporate and Investment Bank

     5.52 (b)      08/04/23        Open       172,250        173,729      Corporate Bonds    Open/Demand

Credit Agricole Corporate and Investment Bank

     5.55 (b)      08/04/23        Open       445,550        449,397      Corporate Bonds    Open/Demand

Credit Agricole Corporate and Investment Bank

     5.57 (b)      08/04/23        Open       286,634        289,117      Corporate Bonds    Open/Demand

Credit Agricole Corporate and Investment Bank

     5.59 (b)      08/04/23        Open       265,000        267,304      Corporate Bonds    Open/Demand

Credit Agricole Corporate and Investment Bank

     5.59 (b)      08/04/23        Open       387,090        390,456      Corporate Bonds    Open/Demand

Credit Agricole Corporate and Investment Bank

     5.59 (b)      08/04/23        Open       271,180        273,538      Corporate Bonds    Open/Demand

Credit Agricole Corporate and Investment Bank

     5.61 (b)      08/04/23        Open       849,800        857,216      Corporate Bonds    Open/Demand

Goldman Sachs & Co. LLC

     5.00 (b)      08/04/23        Open       242,938        244,827      Corporate Bonds    Open/Demand

Goldman Sachs & Co. LLC

     5.45 (b)      08/04/23        Open       202,120        203,834      Corporate Bonds    Open/Demand

Goldman Sachs & Co. LLC

     5.45 (b)      08/04/23        Open       1,137,767        1,147,413      Corporate Bonds    Open/Demand

Goldman Sachs & Co. LLC

     5.45 (b)      08/04/23        Open       345,530        348,459      Corporate Bonds    Open/Demand

Goldman Sachs & Co. LLC

     5.45 (b)      08/04/23        Open       293,028        295,512      Corporate Bonds    Open/Demand

Goldman Sachs & Co. LLC

     5.45 (b)      08/04/23        Open       1,164,240        1,174,110      Corporate Bonds    Open/Demand

Goldman Sachs & Co. LLC

     5.55 (b)      08/04/23        Open       531,812        536,404      Corporate Bonds    Open/Demand

Goldman Sachs & Co. LLC

     5.55 (b)      08/04/23        Open       262,194        264,457      Capital Trusts    Open/Demand

Goldman Sachs & Co. LLC

     5.55 (b)      08/04/23        Open       647,377        652,967      Corporate Bonds    Open/Demand

Goldman Sachs & Co. LLC

     5.55 (b)      08/04/23        Open       329,160        332,002      Corporate Bonds    Open/Demand

Goldman Sachs & Co. LLC

     5.55 (b)      08/04/23        Open       216,675        218,546      Corporate Bonds    Open/Demand

Goldman Sachs & Co. LLC

     5.55 (b)      08/04/23        Open       307,871        310,529      Corporate Bonds    Open/Demand

Goldman Sachs & Co. LLC

     5.55 (b)      08/04/23        Open       434,542        438,294      Corporate Bonds    Open/Demand

Goldman Sachs & Co. LLC

     5.55 (b)      08/04/23        Open       544,706        549,409      Corporate Bonds    Open/Demand

Goldman Sachs & Co. LLC

     5.55 (b)      08/04/23        Open       4,625,562        4,665,188      Corporate Bonds    Open/Demand

Goldman Sachs & Co. LLC

     5.55 (b)      08/04/23        Open       904,399        912,207      Corporate Bonds    Open/Demand

Goldman Sachs & Co. LLC

     5.55 (b)      08/04/23        Open       912,340        920,217      Corporate Bonds    Open/Demand

Goldman Sachs & Co. LLC

     5.55 (b)      08/04/23        Open       415,388        418,974      Corporate Bonds    Open/Demand

Nomura Securities International, Inc.

     5.35 (b)      08/04/23        Open       858,850        865,998      Corporate Bonds    Open/Demand

Nomura Securities International, Inc.

     5.48 (b)      08/04/23        Open       158,595        159,947      Corporate Bonds    Open/Demand

Nomura Securities International, Inc.

     5.48 (b)      08/04/23        Open       111,214        112,162      Corporate Bonds    Open/Demand

Nomura Securities International, Inc.

     5.48 (b)      08/04/23        Open       205,494        207,245      Corporate Bonds    Open/Demand

Nomura Securities International, Inc.

     5.48 (b)      08/04/23        Open       259,740        261,954      Corporate Bonds    Open/Demand

Nomura Securities International, Inc.

     5.48 (b)      08/04/23        Open       119,531        120,550      Corporate Bonds    Open/Demand

Nomura Securities International, Inc.

     5.48 (b)      08/04/23        Open       321,500        324,241      Corporate Bonds    Open/Demand

Nomura Securities International, Inc.

     5.48 (b)      08/04/23        Open       264,000        266,250      Corporate Bonds    Open/Demand

Nomura Securities International, Inc.

     5.48 (b)      08/04/23        Open       910,000        917,757      Corporate Bonds    Open/Demand

Nomura Securities International, Inc.

     5.48 (b)      08/04/23        Open       190,193        191,814      Corporate Bonds    Open/Demand

Nomura Securities International, Inc.

     5.48 (b)      08/04/23        Open       260,440        262,660      Corporate Bonds    Open/Demand

Nomura Securities International, Inc.

     5.48 (b)      08/04/23        Open       518,362        522,781      Corporate Bonds    Open/Demand

Nomura Securities International, Inc.

     5.48 (b)      08/04/23        Open       634,694        640,104      Corporate Bonds    Open/Demand

Nomura Securities International, Inc.

     5.48 (b)      08/04/23        Open       221,835        223,726      Corporate Bonds    Open/Demand

Nomura Securities International, Inc.

     5.48 (b)      08/04/23        Open       205,410        207,161      Corporate Bonds    Open/Demand

Nomura Securities International, Inc.

     5.48 (b)      08/04/23        Open       284,299        286,722      Corporate Bonds    Open/Demand

Nomura Securities International, Inc.

     5.50 (b)      08/04/23        Open       160,885        162,262      Foreign Agency Obligations    Open/Demand

 

31  


Schedule of Investments (unaudited) (continued)

September 30, 2023

  

BlackRock Limited Duration Income Trust (BLW)

 

Reverse Repurchase Agreements (continued)

 

               

Counterparty

    

Interest

Rate

 

 

   

Trade

Date

 

 

    

Maturity

Date

 

(a) 

      Face Value       

Face Value

Including

Accrued Interest

 

 

 

  

Type of Non-Cash Underlying

Collateral

  

Remaining   

Contractual Maturity   

of the Agreements(a)

Nomura Securities International, Inc.

     5.57 %(b)      08/04/23        Open     $ 1,316,460      $ 1,327,866      Corporate Bonds    Open/Demand

Nomura Securities International, Inc.

     5.62 (b)      08/04/23        Open       566,640        571,594      Corporate Bonds    Open/Demand

Nomura Securities International, Inc.

     5.62 (b)      08/04/23        Open       756,560        763,174      Corporate Bonds    Open/Demand

Nomura Securities International, Inc.

     5.62 (b)      08/04/23        Open       225,625        227,597      Corporate Bonds    Open/Demand

Nomura Securities International, Inc.

     5.62 (b)      08/04/23        Open       2,470,785        2,492,385      Corporate Bonds    Open/Demand

RBC Capital Markets, LLC

     5.50 (b)      08/04/23        Open       355,994        359,039      Corporate Bonds    Open/Demand

RBC Capital Markets, LLC

     5.50 (b)      08/04/23        Open       875,000        882,486      Corporate Bonds    Open/Demand

RBC Capital Markets, LLC

     5.50 (b)      08/04/23        Open       266,494        268,774      Corporate Bonds    Open/Demand

RBC Capital Markets, LLC

     5.50 (b)      08/04/23        Open       400,950        404,380      Corporate Bonds    Open/Demand

RBC Capital Markets, LLC

     5.50 (b)      08/04/23        Open       798,750        805,584      Corporate Bonds    Open/Demand

RBC Capital Markets, LLC

     5.50 (b)      08/04/23        Open       330,300        333,126      Corporate Bonds    Open/Demand

RBC Capital Markets, LLC

     5.50 (b)      08/04/23        Open       394,219        397,592      Corporate Bonds    Open/Demand

RBC Capital Markets, LLC

     5.50 (b)      08/04/23        Open       155,763        157,095      Corporate Bonds    Open/Demand

RBC Capital Markets, LLC

     5.50 (b)      08/04/23        Open       750,612        757,034      Corporate Bonds    Open/Demand

RBC Capital Markets, LLC

     5.53 (b)      08/04/23        Open       1,348,725        1,360,327      Corporate Bonds    Open/Demand

RBC Capital Markets, LLC

     5.53 (b)      08/04/23        Open       316,125        318,844      Corporate Bonds    Open/Demand

RBC Capital Markets, LLC

     5.53 (b)      08/04/23        Open       588,250        593,310      Corporate Bonds    Open/Demand

RBC Capital Markets, LLC

     5.53 (b)      08/04/23        Open       2,749        2,772      Corporate Bonds    Open/Demand

RBC Capital Markets, LLC

     5.53 (b)      08/04/23        Open       212,088        213,912      Corporate Bonds    Open/Demand

RBC Capital Markets, LLC

     5.53 (b)      08/04/23        Open       1,440,577        1,452,970      Corporate Bonds    Open/Demand

RBC Capital Markets, LLC

     5.63 (b)      08/04/23        Open       590,570        595,742      Corporate Bonds    Open/Demand

RBC Capital Markets, LLC

     5.63 (b)      08/04/23        Open       335,685        338,625      Corporate Bonds    Open/Demand

RBC Capital Markets, LLC

     5.63 (b)      08/04/23        Open       232,470        234,506      Corporate Bonds    Open/Demand

RBC Capital Markets, LLC

     5.63 (b)      08/04/23        Open       356,589        359,712      Corporate Bonds    Open/Demand

RBC Capital Markets, LLC

     5.65 (b)      08/04/23        Open       143,426        144,687      Corporate Bonds    Open/Demand

RBC Capital Markets, LLC

     5.65 (b)      08/04/23        Open       170,625        172,125      Corporate Bonds    Open/Demand

RBC Capital Markets, LLC

     5.65 (b)      08/04/23        Open       301,000        303,645      Corporate Bonds    Open/Demand

RBC Capital Markets, LLC

     5.65 (b)      08/04/23        Open       358,530        361,681      Corporate Bonds    Open/Demand

RBC Capital Markets, LLC

     5.65 (b)      08/04/23        Open       165,538        166,992      Corporate Bonds    Open/Demand

RBC Capital Markets, LLC

     5.65 (b)      08/04/23        Open       296,901        299,511      Corporate Bonds    Open/Demand

RBC Capital Markets, LLC

     5.65 (b)      08/04/23        Open       271,800        274,189      Corporate Bonds    Open/Demand

RBC Capital Markets, LLC

     5.65 (b)      08/04/23        Open       267,908        270,262      Corporate Bonds    Open/Demand

RBC Capital Markets, LLC

     5.65 (b)      08/04/23        Open       191,250        192,931      Corporate Bonds    Open/Demand

RBC Capital Markets, LLC

     5.65 (b)      08/04/23        Open       301,703        304,354      Corporate Bonds    Open/Demand

RBC Capital Markets, LLC

     5.65 (b)      08/04/23        Open       230,505        232,531      Corporate Bonds    Open/Demand

RBC Capital Markets, LLC

     5.65 (b)      08/04/23        Open       117,004        118,032      Corporate Bonds    Open/Demand

RBC Capital Markets, LLC

     5.65 (b)      08/04/23        Open       498,482        502,864      Corporate Bonds    Open/Demand

RBC Capital Markets, LLC

     5.65 (b)      08/04/23        Open       874,470        882,156      Corporate Bonds    Open/Demand

RBC Capital Markets, LLC

     5.65 (b)      08/04/23        Open       476,280        480,466      Corporate Bonds    Open/Demand

RBC Capital Markets, LLC

     5.65 (b)      08/04/23        Open       248,063        250,243      Corporate Bonds    Open/Demand

RBC Capital Markets, LLC

     5.65 (b)      08/04/23        Open       425,722        429,464      Corporate Bonds    Open/Demand

RBC Capital Markets, LLC

     5.65 (b)      08/04/23        Open       97,879        98,739      Corporate Bonds    Open/Demand

RBC Capital Markets, LLC

     5.65 (b)      08/04/23        Open       181,905        183,504      Corporate Bonds    Open/Demand

RBC Capital Markets, LLC

     5.65 (b)      08/04/23        Open       188,100        189,753      Corporate Bonds    Open/Demand

RBC Capital Markets, LLC

     5.65 (b)      08/04/23        Open       181,200        182,793      Corporate Bonds    Open/Demand

RBC Capital Markets, LLC

     5.65 (b)      08/04/23        Open       383,125        386,492      Corporate Bonds    Open/Demand

RBC Capital Markets, LLC

     5.65 (b)      08/04/23        Open       1,095,710        1,105,340      Corporate Bonds    Open/Demand

RBC Capital Markets, LLC

     5.65 (b)      08/04/23        Open       144,550        145,820      Corporate Bonds    Open/Demand

RBC Capital Markets, LLC

     5.67 (b)      08/04/23        Open       311,395        314,142      Corporate Bonds    Open/Demand

TD Securities (USA) LLC

     5.49 (b)      08/04/23        Open       95,250        96,063      Corporate Bonds    Open/Demand

TD Securities (USA) LLC

     5.49 (b)      08/04/23        Open       414,413        417,952      Corporate Bonds    Open/Demand

TD Securities (USA) LLC

     5.49 (b)      08/04/23        Open       197,056        198,739      Corporate Bonds    Open/Demand

TD Securities (USA) LLC

     5.49 (b)      08/04/23        Open       242,500        244,571      Corporate Bonds    Open/Demand

TD Securities (USA) LLC

     5.49 (b)      08/04/23        Open       169,044        170,487      Corporate Bonds    Open/Demand

TD Securities (USA) LLC

     5.49 (b)      08/04/23        Open       196,826        198,507      Corporate Bonds    Open/Demand

TD Securities (USA) LLC

     5.50 (b)      08/04/23        Open       1,105,500        1,114,958      Corporate Bonds    Open/Demand

TD Securities (USA) LLC

     5.53 (b)      08/04/23        Open       187,000        188,609      Corporate Bonds    Open/Demand

TD Securities (USA) LLC

     5.55 (b)      08/04/23        Open       1,956,285        1,973,174      Corporate Bonds    Open/Demand

TD Securities (USA) LLC

     5.60 (b)      08/04/23        Open       150,091        151,399      Corporate Bonds    Open/Demand

TD Securities (USA) LLC

     5.63 (b)      08/04/23        Open       800,800        807,813      Corporate Bonds    Open/Demand

TD Securities (USA) LLC

     5.63 (b)      08/04/23        Open       1,109,572        1,119,290      Corporate Bonds    Open/Demand

TD Securities (USA) LLC

     5.63 (b)      08/04/23        Open       1,454,467        1,467,205      Corporate Bonds    Open/Demand

 

S C H E D U L E   O F   I N V E S T M E N T S

  32


Schedule of Investments (unaudited) (continued)

September 30, 2023

  

BlackRock Limited Duration Income Trust (BLW)

 

Reverse Repurchase Agreements (continued)

 

               

Counterparty

    

Interest

Rate

 

 

   

Trade

Date

 

 

    

Maturity

Date

 

(a) 

      Face Value       

Face Value

Including

Accrued Interest

 

 

 

  

Type of Non-Cash Underlying

Collateral

  

Remaining   

Contractual Maturity   

of the Agreements(a)

TD Securities (USA) LLC

     5.64 %(b)      08/04/23        Open     $ 593,221      $ 598,426      Corporate Bonds    Open/Demand

TD Securities (USA) LLC

     5.64 (b)      08/04/23        Open       551,445        556,283      Corporate Bonds    Open/Demand

TD Securities (USA) LLC

     5.64 (b)      08/04/23        Open       247,845        250,019      Corporate Bonds    Open/Demand

TD Securities (USA) LLC

     5.65 (b)      08/04/23        Open       88,506        89,284      Corporate Bonds    Open/Demand

TD Securities (USA) LLC

     5.65 (b)      08/04/23        Open       521,032        525,612      Corporate Bonds    Open/Demand

TD Securities (USA) LLC

     5.65 (b)      08/04/23        Open       472,106        476,256      Corporate Bonds    Open/Demand

TD Securities (USA) LLC

     5.65 (b)      08/04/23        Open       433,225        437,033      Corporate Bonds    Open/Demand

TD Securities (USA) LLC

     5.65 (b)      08/04/23        Open       394,571        398,039      Corporate Bonds    Open/Demand

TD Securities (USA) LLC

     5.65 (b)      08/04/23        Open       474,000        478,166      Corporate Bonds    Open/Demand

TD Securities (USA) LLC

     5.67 (b)      08/04/23        Open       189,500        191,171      Corporate Bonds    Open/Demand

TD Securities (USA) LLC

     5.67 (b)      08/04/23        Open       290,250        292,810      Corporate Bonds    Open/Demand

TD Securities (USA) LLC

     5.70 (b)      08/04/23        Open       509,200        513,715      Corporate Bonds    Open/Demand

TD Securities (USA) LLC

     5.65 (b)      08/10/23        Open       2,094,750        2,111,846      Corporate Bonds    Open/Demand

Nomura Securities International, Inc.

     5.48 (b)      08/11/23        Open       1,131,450        1,140,406      Corporate Bonds    Open/Demand

Nomura Securities International, Inc.

     5.48 (b)      08/11/23        Open       501,465        505,434      Corporate Bonds    Open/Demand

Nomura Securities International, Inc.

     5.48 (b)      08/11/23        Open       1,803,372        1,817,647      Corporate Bonds    Open/Demand

Nomura Securities International, Inc.

     5.48 (b)      08/11/23        Open       350,103        352,874      Corporate Bonds    Open/Demand

BNP Paribas SA

     5.60 (b)      08/15/23        Open       708,525        713,815      Corporate Bonds    Open/Demand

Goldman Sachs & Co. LLC

     5.25 (b)      08/15/23        Open       496,775        500,252      Corporate Bonds    Open/Demand

Nomura Securities International, Inc.

     5.62 (b)      08/15/23        Open       638,600        643,286      Corporate Bonds    Open/Demand

TD Securities (USA) LLC

     5.65 (b)      08/15/23        Open       486,937        490,606      Corporate Bonds    Open/Demand

TD Securities (USA) LLC

     5.65 (b)      08/15/23        Open       415,480        418,610      Corporate Bonds    Open/Demand

TD Securities (USA) LLC

     5.65 (b)      08/15/23        Open       618,880        623,543      Corporate Bonds    Open/Demand

TD Securities (USA) LLC

     5.65 (b)      08/15/23        Open       543,492        547,586      Corporate Bonds    Open/Demand

Goldman Sachs & Co. LLC

     5.55 (b)      08/20/23        Open       536,482        538,219      Corporate Bonds    Open/Demand

Nomura Securities International, Inc.

     5.62 (b)      08/21/23        Open       1,172,625        1,180,314      Corporate Bonds    Open/Demand

BNP Paribas SA

     5.42 (b)      08/22/23        Open       131,826        132,620      Corporate Bonds    Open/Demand

BNP Paribas SA

     5.47 (b)      08/22/23        Open       592,352        595,953      Corporate Bonds    Open/Demand

BNP Paribas SA

     5.47 (b)      08/22/23        Open       445,204        447,910      Corporate Bonds    Open/Demand

Nomura Securities International, Inc.

     5.48 (b)      08/22/23        Open       215,021        216,330      Corporate Bonds    Open/Demand

Nomura Securities International, Inc.

     5.48 (b)      08/22/23        Open       77,896        78,371      Corporate Bonds    Open/Demand

Nomura Securities International, Inc.

     5.48 (b)      08/22/23        Open       307,762        309,636      Corporate Bonds    Open/Demand

Goldman Sachs & Co. LLC

     5.25 (b)      08/23/23        Open       967,432        972,935      Corporate Bonds    Open/Demand

Goldman Sachs & Co. LLC

     5.55 (b)      08/23/23        Open       396,875        399,261      Corporate Bonds    Open/Demand

Goldman Sachs & Co. LLC

     5.55 (b)      08/23/23        Open       273,438        275,082      Corporate Bonds    Open/Demand

Goldman Sachs & Co. LLC

     5.55 (b)      08/23/23        Open       527,242        530,413      Corporate Bonds    Open/Demand

Goldman Sachs & Co. LLC

     5.55 (b)      08/23/23        Open       247,100        248,586      Corporate Bonds    Open/Demand

Goldman Sachs & Co. LLC

     5.55 (b)      08/23/23        Open       724,020        728,373      Corporate Bonds    Open/Demand

Goldman Sachs & Co. LLC

     5.55 (b)      08/23/23        Open       383,544        385,850      Corporate Bonds    Open/Demand

Goldman Sachs & Co. LLC

     5.55 (b)      08/23/23        Open       437,419        440,049      Corporate Bonds    Open/Demand

Nomura Securities International, Inc.

     5.48 (b)      08/23/23        Open       166,023        167,008      Corporate Bonds    Open/Demand

TD Securities (USA) LLC

     5.63 (b)      08/23/23        Open       680,024        684,278      Corporate Bonds    Open/Demand

TD Securities (USA) LLC

     5.65 (b)      08/23/23        Open       791,689        796,659      Corporate Bonds    Open/Demand

BNP Paribas SA

     5.65 (b)      08/24/23        Open       451,069        453,830      Corporate Bonds    Open/Demand

J.P. Morgan Securities LLC

     5.65 (b)      08/24/23        Open       491,332        494,340      Corporate Bonds    Open/Demand

Nomura Securities International, Inc.

     5.62 (b)      08/24/23        Open       304,520        306,374      Corporate Bonds    Open/Demand

RBC Capital Markets, LLC

     5.50 (b)      08/24/23        Open       1,680,507        1,690,521      Corporate Bonds    Open/Demand

RBC Capital Markets, LLC

     5.65 (b)      08/24/23        Open       488,635        491,626      Corporate Bonds    Open/Demand

RBC Capital Markets, LLC

     5.65 (b)      08/24/23        Open       469,560        472,434      Corporate Bonds    Open/Demand

TD Securities (USA) LLC

     5.65 (b)      08/24/23        Open       902,225        907,747      Corporate Bonds    Open/Demand

TD Securities (USA) LLC

     5.65 (b)      08/24/23        Open       555,025        558,422      Corporate Bonds    Open/Demand

TD Securities (USA) LLC

     5.65 (b)      08/24/23        Open       1,472,460        1,481,473      Corporate Bonds    Open/Demand

TD Securities (USA) LLC

     5.65 (b)      08/24/23        Open       608,175        611,898      Corporate Bonds    Open/Demand

TD Securities (USA) LLC

     5.65 (b)      08/24/23        Open       444,540        447,191      Corporate Bonds    Open/Demand

TD Securities (USA) LLC

     5.65 (b)      08/24/23        Open       466,979        469,764      Corporate Bonds    Open/Demand

TD Securities (USA) LLC

     5.65 (b)      08/24/23        Open       367,898        370,092      Corporate Bonds    Open/Demand

TD Securities (USA) LLC

     5.65 (b)      08/24/23        Open       353,420        355,528      Corporate Bonds    Open/Demand

TD Securities (USA) LLC

     5.65 (b)      08/24/23        Open       323,118        325,045      Corporate Bonds    Open/Demand

TD Securities (USA) LLC

     5.67 (b)      08/24/23        Open       333,750        335,800      Corporate Bonds    Open/Demand

TD Securities (USA) LLC

     5.70 (b)      08/24/23        Open       711,360        715,753      Corporate Bonds    Open/Demand

Nomura Securities International, Inc.

     5.67 (b)      08/25/23        Open       474,994        477,612      Corporate Bonds    Open/Demand

Nomura Securities International, Inc.

     5.67 (b)      08/25/23        Open       2,267,375        2,205,595      Corporate Bonds    Open/Demand

 

33  


Schedule of Investments (unaudited) (continued)

September 30, 2023

  

BlackRock Limited Duration Income Trust (BLW)

 

Reverse Repurchase Agreements (continued)

 

               

Counterparty

    

Interest

Rate

 

 

   

Trade

Date

 

 

    

Maturity

Date

 

(a) 

      Face Value       

Face Value

Including

Accrued Interest

 

 

 

  

Type of Non-Cash Underlying

Collateral

  

Remaining   

Contractual Maturity   

of the Agreements(a)

TD Securities (USA) LLC    

     5.49 %(b)      08/25/23        Open     $ 445,537      $ 447,916      Corporate Bonds    Open/Demand

TD Securities (USA) LLC

     5.49 (b)      08/25/23        Open       296,015        297,731      Corporate Bonds    Open/Demand

TD Securities (USA) LLC

     5.67 (b)      08/25/23        Open       1,670,760        1,679,970      Corporate Bonds    Open/Demand

Goldman Sachs & Co. LLC

     5.55 (b)      08/29/23        Open       495,805        498,327      Corporate Bonds    Open/Demand

Goldman Sachs & Co. LLC

     5.55 (b)      08/29/23        Open       475,709        478,129      Corporate Bonds    Open/Demand

Nomura Securities International, Inc.

     5.35 (b)      08/29/23        Open       177,541        178,411      Corporate Bonds    Open/Demand

Nomura Securities International, Inc.

     5.35 (b)      08/29/23        Open       300,720        302,195      Corporate Bonds    Open/Demand

Nomura Securities International, Inc.

     5.35 (b)      08/29/23        Open       109,701        110,239      Corporate Bonds    Open/Demand

Nomura Securities International, Inc.

     5.35 (b)      08/29/23        Open       199,477        200,455      Foreign Agency Obligations    Open/Demand

Nomura Securities International, Inc.

     5.60 (b)      08/29/23        Open       960,076        964,404      Corporate Bonds    Open/Demand

Nomura Securities International, Inc.

     5.65 (b)      08/29/23        Open       109,038        109,575      Corporate Bonds    Open/Demand

Nomura Securities International, Inc.

     5.65 (b)      08/29/23        Open       244,388        245,592      Corporate Bonds    Open/Demand

Nomura Securities International, Inc.

     5.65 (b)      08/29/23        Open       209,828        210,862      Corporate Bonds    Open/Demand

TD Securities (USA) LLC

     5.64 (b)      08/29/23        Open       405,955        408,054      Corporate Bonds    Open/Demand

TD Securities (USA) LLC

     5.64 (b)      08/29/23        Open       347,500        349,297      Corporate Bonds    Open/Demand

TD Securities (USA) LLC

     5.64 (b)      08/29/23        Open       634,142        637,421      Corporate Bonds    Open/Demand

TD Securities (USA) LLC

     5.64 (b)      08/29/23        Open       631,982        635,250      Corporate Bonds    Open/Demand

RBC Capital Markets, LLC

     5.63 (b)      09/01/23        Open       709,279        712,274      Corporate Bonds    Open/Demand

BNP Paribas SA

     5.42 (b)      09/05/23        Open       300,554        301,730      Corporate Bonds    Open/Demand

BNP Paribas SA

     5.68 (b)      09/07/23        Open       643,770        646,208      Corporate Bonds    Open/Demand

Nomura Securities International, Inc.

     5.35 (b)      09/08/23        Open       142,115        142,559      Corporate Bonds    Open/Demand

RBC Capital Markets, LLC

     5.65 (b)      09/11/23        Open       112,076        112,428      Corporate Bonds    Open/Demand

J.P. Morgan Securities LLC

     4.50       09/12/23        10/18/23       204,188        204,672      Corporate Bonds    Up to 30 Days

J.P. Morgan Securities LLC

     5.17       09/12/23        10/18/23       328,915        329,812      Corporate Bonds    Up to 30 Days

J.P. Morgan Securities LLC

     5.40       09/12/23        10/18/23       377,828        378,905      Corporate Bonds    Up to 30 Days

J.P. Morgan Securities LLC

     5.40       09/12/23        10/18/23       248,719        249,428      Corporate Bonds    Up to 30 Days

J.P. Morgan Securities LLC

     5.40       09/12/23        10/18/23       637,312        639,129      Corporate Bonds    Up to 30 Days

J.P. Morgan Securities LLC

     5.40       09/12/23        10/18/23       199,125        199,693      Corporate Bonds    Up to 30 Days

J.P. Morgan Securities LLC

     5.40       09/12/23        10/18/23       134,276        134,659      Corporate Bonds    Up to 30 Days

J.P. Morgan Securities LLC

     5.40       09/12/23        10/18/23       308,880        309,760      Corporate Bonds    Up to 30 Days

J.P. Morgan Securities LLC

     5.45       09/12/23        10/18/23       169,769        170,258      Corporate Bonds    Up to 30 Days

J.P. Morgan Securities LLC

     5.45       09/12/23        10/18/23       523,525        525,031      Corporate Bonds    Up to 30 Days

J.P. Morgan Securities LLC

     5.45       09/12/23        10/18/23       130,000        130,374      Corporate Bonds    Up to 30 Days

J.P. Morgan Securities LLC

     5.45       09/12/23        10/18/23       331,211        332,164      Corporate Bonds    Up to 30 Days

J.P. Morgan Securities LLC

     5.45       09/12/23        10/18/23       191,835        192,387      Corporate Bonds    Up to 30 Days

J.P. Morgan Securities LLC

     5.50       09/12/23        10/18/23       144,816        145,236      Corporate Bonds    Up to 30 Days

J.P. Morgan Securities LLC

     5.50       09/12/23        10/18/23       298,060        298,925      Corporate Bonds    Up to 30 Days

J.P. Morgan Securities LLC

     5.50       09/12/23        10/18/23       393,022        394,163      Corporate Bonds    Up to 30 Days

J.P. Morgan Securities LLC

     5.50       09/12/23        10/18/23       374,535        375,622      Corporate Bonds    Up to 30 Days

J.P. Morgan Securities LLC

     5.50       09/12/23        10/18/23       250,750        251,478      Corporate Bonds    Up to 30 Days

J.P. Morgan Securities LLC

     5.50       09/12/23        10/18/23       351,200        352,219      Corporate Bonds    Up to 30 Days

J.P. Morgan Securities LLC

     5.50       09/12/23        10/18/23       148,623        149,054      Corporate Bonds    Up to 30 Days

J.P. Morgan Securities LLC

     5.50       09/12/23        10/18/23       402,230        403,398      Corporate Bonds    Up to 30 Days

J.P. Morgan Securities LLC

     5.50       09/12/23        10/18/23       468,397        469,757      Corporate Bonds    Up to 30 Days

J.P. Morgan Securities LLC

     5.50       09/12/23        10/18/23       255,095        255,835      Corporate Bonds    Up to 30 Days

J.P. Morgan Securities LLC

     5.50       09/12/23        10/18/23       345,979        346,983      Corporate Bonds    Up to 30 Days

J.P. Morgan Securities LLC

     5.50       09/12/23        10/18/23       144,290        144,709      Corporate Bonds    Up to 30 Days

J.P. Morgan Securities LLC

     5.50       09/12/23        10/18/23       287,452        288,286      Corporate Bonds    Up to 30 Days

J.P. Morgan Securities LLC

     5.50       09/12/23        10/18/23       190,376        190,929      Corporate Bonds    Up to 30 Days

J.P. Morgan Securities LLC

     5.50       09/12/23        10/18/23       363,851        364,907      Corporate Bonds    Up to 30 Days

J.P. Morgan Securities LLC

     5.50       09/12/23        10/18/23       287,830        288,666      Corporate Bonds    Up to 30 Days

J.P. Morgan Securities LLC

     5.50       09/12/23        10/18/23       208,000        208,604      Corporate Bonds    Up to 30 Days

J.P. Morgan Securities LLC

     5.50       09/12/23        10/18/23       830,632        833,044      Corporate Bonds    Up to 30 Days

J.P. Morgan Securities LLC

     5.50       09/12/23        10/18/23       354,600        355,629      Corporate Bonds    Up to 30 Days

J.P. Morgan Securities LLC

     5.50       09/12/23        10/18/23       358,125        359,165      Corporate Bonds    Up to 30 Days

J.P. Morgan Securities LLC

     5.50       09/12/23        10/18/23       340,884        341,873      Corporate Bonds    Up to 30 Days

J.P. Morgan Securities LLC

     5.50       09/12/23        10/18/23       419,520        420,738      Corporate Bonds    Up to 30 Days

J.P. Morgan Securities LLC

     5.50       09/12/23        10/18/23       522,870        524,388      Corporate Bonds    Up to 30 Days

J.P. Morgan Securities LLC

     5.55       09/12/23        10/18/23       767,145        769,392      Corporate Bonds    Up to 30 Days

J.P. Morgan Securities LLC

     5.65       09/12/23        10/18/23       180,000        180,537      Corporate Bonds    Up to 30 Days

J.P. Morgan Securities LLC

     5.65       09/12/23        10/18/23       677,250        679,270      Corporate Bonds    Up to 30 Days

J.P. Morgan Securities LLC

     5.65       09/12/23        10/18/23       502,300        503,798      Corporate Bonds    Up to 30 Days

 

S C H E D U L E   O F   I N V E S T M E N T S

  34


Schedule of Investments (unaudited) (continued)

September 30, 2023

  

BlackRock Limited Duration Income Trust (BLW)

 

Reverse Repurchase Agreements (continued)

 

               

Counterparty

    

Interest

Rate

 

 

   

Trade

Date

 

 

    

Maturity

Date

 

(a) 

      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    

     5.65     09/12/23        10/18/23     $ 191,580      $ 192,151      Corporate Bonds    Up to 30 Days

J.P. Morgan Securities LLC

     5.65       09/12/23        10/18/23       241,063        241,781      Corporate Bonds    Up to 30 Days

J.P. Morgan Securities LLC

     5.65       09/12/23        10/18/23       295,540        296,421      Corporate Bonds    Up to 30 Days

J.P. Morgan Securities LLC

     5.65       09/12/23        10/18/23       192,151        192,724      Corporate Bonds    Up to 30 Days

J.P. Morgan Securities LLC

     5.65       09/12/23        10/18/23       341,700        342,719      Corporate Bonds    Up to 30 Days

J.P. Morgan Securities LLC

     5.65       09/12/23        10/18/23       517,140        518,682      Corporate Bonds    Up to 30 Days

J.P. Morgan Securities LLC

     5.65       09/12/23        10/18/23       511,000        512,524      Corporate Bonds    Up to 30 Days

J.P. Morgan Securities LLC

     5.65       09/12/23        10/18/23       389,513        390,674      Corporate Bonds    Up to 30 Days

TD Securities (USA) LLC

     5.66 (b)      09/12/23        Open       305,611        306,524      Corporate Bonds    Open/Demand

TD Securities (USA) LLC

     5.66 (b)      09/12/23        Open       374,701        375,820      Corporate Bonds    Open/Demand

TD Securities (USA) LLC

     5.66 (b)      09/12/23        Open       603,146        604,948      Corporate Bonds    Open/Demand

TD Securities (USA) LLC

     5.66 (b)      09/12/23        Open       379,095        380,227      Corporate Bonds    Open/Demand

TD Securities (USA) LLC

     5.66 (b)      09/12/23        Open       435,292        436,593      Corporate Bonds    Open/Demand

TD Securities (USA) LLC

     5.66 (b)      09/12/23        Open       353,990        355,047      Corporate Bonds    Open/Demand

J.P. Morgan Securities LLC

     5.40       09/13/23        10/18/23       32,000        32,086      Corporate Bonds    Up to 30 Days

Barclays Capital, Inc.

     (3.75     09/13/23        10/19/23       97,663        97,632      Corporate Bonds    Up to 30 Days

Barclays Capital, Inc.

     4.75       09/13/23        10/19/23       312,080        312,821      Corporate Bonds    Up to 30 Days

Barclays Capital, Inc.

     5.24       09/13/23        10/19/23       125,197        125,525      Corporate Bonds    Up to 30 Days

Barclays Capital, Inc.

     5.45       09/13/23        10/19/23       164,750        165,199      Capital Trusts    Up to 30 Days

Barclays Capital, Inc.

     5.45       09/13/23        10/19/23       678,760        680,610      Corporate Bonds    Up to 30 Days

Barclays Capital, Inc.

     5.49       09/13/23        10/19/23       1,349,812        1,353,518      Corporate Bonds    Up to 30 Days

Barclays Capital, Inc.

     5.55       09/13/23        10/19/23       346,076        347,037      Corporate Bonds    Up to 30 Days

Barclays Capital, Inc.

     5.55       09/13/23        10/19/23       542,850        544,356      Corporate Bonds    Up to 30 Days

Barclays Capital, Inc.

     5.55       09/13/23        10/19/23       260,044        260,765      Corporate Bonds    Up to 30 Days

Barclays Capital, Inc.

     5.55       09/13/23        10/19/23       1,424,340        1,428,293      Corporate Bonds    Up to 30 Days

Barclays Capital, Inc.

     5.55       09/13/23        10/19/23       247,431        248,118      Corporate Bonds    Up to 30 Days

Barclays Capital, Inc.

     5.55       09/13/23        10/19/23       238,543        239,204      Corporate Bonds    Up to 30 Days

Barclays Capital, Inc.

     5.55       09/13/23        10/19/23       359,098        360,094      Corporate Bonds    Up to 30 Days

Barclays Capital, Inc.

     5.55       09/13/23        10/19/23       258,400        259,117      Corporate Bonds    Up to 30 Days

Barclays Capital, Inc.

     5.55       09/13/23        10/19/23       874,605        877,032      Corporate Bonds    Up to 30 Days

Barclays Capital, Inc.

     5.60       09/13/23        10/19/23       436,667        437,890      Corporate Bonds    Up to 30 Days

Barclays Capital, Inc.

     5.60       09/13/23        10/19/23       162,201        162,655      Corporate Bonds    Up to 30 Days

Barclays Capital, Inc.

     5.65       09/13/23        10/19/23       457,987        459,281      Corporate Bonds    Up to 30 Days

Nomura Securities International, Inc.

     5.48 (b)      09/13/23        Open       439,204        440,474      Corporate Bonds    Open/Demand

BofA Securities, Inc.

     3.50       09/14/23        10/20/23       378,508        379,133      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     4.15       09/14/23        10/20/23       138,240        138,511      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     4.25       09/14/23        10/20/23       113,597        113,825      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.15       09/14/23        10/20/23       794,955        796,888      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.15       09/14/23        10/20/23       484,181        485,359      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.20       09/14/23        10/20/23       203,400        203,899      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.25       09/14/23        10/20/23       249,178        249,795      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.25       09/14/23        10/20/23       69,550        69,722      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.25       09/14/23        10/20/23       350,700        351,569      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.25       09/14/23        10/20/23       1,937,500        1,942,303      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.33       09/14/23        10/20/23       393,399        394,389      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.35       09/14/23        10/20/23       132,893        133,228      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.35       09/14/23        10/20/23       466,612        467,791      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.35       09/14/23        10/20/23       1,163,045        1,165,983      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.35       09/14/23        10/20/23       156,293        156,687      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.40       09/14/23        10/20/23       128,700        129,028      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.40       09/14/23        10/20/23       231,194        231,783      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.40       09/14/23        10/20/23       722,949        724,792      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.40       09/14/23        10/20/23       980,361        982,861      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.40       09/14/23        10/20/23       504,020        505,305      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.40       09/14/23        10/20/23       474,275        475,484      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.40       09/14/23        10/20/23       639,547        641,178      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.40       09/14/23        10/20/23       287,430        288,163      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.40       09/14/23        10/20/23       308,470        309,257      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.40       09/14/23        10/20/23       189,750        190,234      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.40       09/14/23        10/20/23       327,500        328,335      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.40       09/14/23        10/20/23       144,250        144,618      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.40       09/14/23        10/20/23       216,360        216,912      Corporate Bonds    Up to 30 Days

 

35  


Schedule of Investments (unaudited) (continued)

September 30, 2023

  

BlackRock Limited Duration Income Trust (BLW)

 

Reverse Repurchase Agreements (continued)

 

               

Counterparty

    

Interest

Rate

 

 

   

Trade

Date

 

 

    

Maturity

Date

 

(a) 

      Face Value       

Face Value

Including

Accrued Interest

 

 

 

  

Type of Non-Cash Underlying

Collateral

  

Remaining   

Contractual Maturity   

of the Agreements(a)

BofA Securities, Inc.    

     5.40     09/14/23        10/20/23     $ 412,830      $ 413,883      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.45       09/14/23        10/20/23       430,720        431,829      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.45       09/14/23        10/20/23       259,018        259,684      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.45       09/14/23        10/20/23       746,224        748,144      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.45       09/14/23        10/20/23       336,933        337,800      Capital Trusts    Up to 30 Days

BofA Securities, Inc.

     5.45       09/14/23        10/20/23       329,629        330,477      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.45       09/14/23        10/20/23       489,720        490,980      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.45       09/14/23        10/20/23       558,225        559,662      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.45       09/14/23        10/20/23       400,373        401,403      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.45       09/14/23        10/20/23       62,494        62,655      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.45       09/14/23        10/20/23       464,337        465,533      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.45       09/14/23        10/20/23       466,769        467,971      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.45       09/14/23        10/20/23       333,824        334,683      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.45       09/14/23        10/20/23       481,232        482,471      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.45       09/14/23        10/20/23       273,790        274,495      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.50       09/14/23        10/20/23       499,995        501,294      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.50       09/14/23        10/20/23       453,067        454,244      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.50       09/14/23        10/20/23       611,470        613,058      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.50       09/14/23        10/20/23       363,688        364,632      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.50       09/14/23        10/20/23       39,143        39,244      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.50       09/14/23        10/20/23       392,563        393,582      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.50       09/14/23        10/20/23       755,989        757,952      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.50       09/14/23        10/20/23       477,257        478,497      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.50       09/14/23        10/20/23       115,245        115,544      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.50       09/14/23        10/20/23       1,230,769        1,233,965      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.50       09/14/23        10/20/23       1,715,340        1,719,795      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.50       09/14/23        10/20/23       1,147,085        1,150,064      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.50       09/14/23        10/20/23       2,432,782        2,439,101      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.50       09/14/23        10/20/23       147,509        147,892      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.50       09/14/23        10/20/23       106,391        106,668      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.50       09/14/23        10/20/23       169,575        170,015      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.50       09/14/23        10/20/23       667,357        669,091      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.50       09/14/23        10/20/23       530,471        531,849      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.50       09/14/23        10/20/23       733,050        734,954      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.50       09/14/23        10/20/23       196,593        197,103      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.50       09/14/23        10/20/23       284,640        285,379      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.50       09/14/23        10/20/23       320,515        321,347      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.50       09/14/23        10/20/23       307,400        308,198      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.50       09/14/23        10/20/23       488,577        489,846      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.50       09/14/23        10/20/23       713,944        715,798      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.50       09/14/23        10/20/23       404,681        405,732      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.50       09/14/23        10/20/23       955,062        957,543      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.50       09/14/23        10/20/23       833,262        835,427      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.50       09/14/23        10/20/23       883,392        885,687      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.50       09/14/23        10/20/23       255,170        255,833      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.50       09/14/23        10/20/23       571,264        572,747      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.50       09/14/23        10/20/23       256,869        257,536      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.50       09/14/23        10/20/23       134,750        135,100      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.50       09/14/23        10/20/23       95,296        95,544      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.50       09/14/23        10/20/23       178,894        179,358      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.50       09/14/23        10/20/23       284,690        285,429      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.50       09/14/23        10/20/23       120,540        120,853      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.50       09/14/23        10/20/23       43,035        43,147      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.50       09/14/23        10/20/23       92,795        93,036      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.53       09/14/23        10/20/23       278,437        279,164      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.53       09/14/23        10/20/23       248,000        248,648      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.53       09/14/23        10/20/23       282,855        283,594      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.55       09/14/23        10/20/23       197,880        198,399      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.55       09/14/23        10/20/23       235,200        235,816      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.55       09/14/23        10/20/23       248,316        248,967      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.55       09/14/23        10/20/23       256,594        257,266      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.55       09/14/23        10/20/23       153,725        154,128      Corporate Bonds    Up to 30 Days

 

S C H E D U L E   O F   I N V E S T M E N T S

  36


Schedule of Investments (unaudited) (continued)

September 30, 2023

  

BlackRock Limited Duration Income Trust (BLW)

 

Reverse Repurchase Agreements (continued)

 

               

Counterparty

    

Interest

Rate

 

 

   

Trade

Date

 

 

    

Maturity

Date

 

(a) 

      Face Value       

Face Value

Including

Accrued Interest

 

 

 

  

Type of Non-Cash Underlying

Collateral

  

Remaining   

Contractual Maturity   

of the Agreements(a)

BofA Securities, Inc.    

     5.55     09/14/23        10/20/23     $ 476,968      $ 478,218      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.55       09/14/23        10/20/23       157,583        157,996      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.55       09/14/23        10/20/23       78,356        78,562      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.55       09/14/23        10/20/23       112,673        112,968      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.55       09/14/23        10/20/23       202,303        202,833      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.55       09/14/23        10/20/23       206,561        207,103      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.55       09/14/23        10/20/23       147,824        148,212      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.55       09/14/23        10/20/23       247,991        248,641      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.55       09/14/23        10/20/23       1,128,750        1,131,708      Capital Trusts    Up to 30 Days

BofA Securities, Inc.

     5.55       09/14/23        10/20/23       1,005,851        1,008,487      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.55       09/14/23        10/20/23       560,625        562,094      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.59       09/14/23        10/20/23       547,225        548,670      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.59       09/14/23        10/20/23       390,370        391,401      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.59       09/14/23        10/20/23       322,050        322,900      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.59       09/14/23        10/20/23       318,990        319,832      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.59       09/14/23        10/20/23       214,600        215,166      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.59       09/14/23        10/20/23       321,320        322,168      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.60       09/14/23        10/20/23       237,165        237,792      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.60       09/14/23        10/20/23       455,359        456,563      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.60       09/14/23        10/20/23       465,000        466,230      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.60       09/14/23        10/20/23       435,859        437,011      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.60       09/14/23        10/20/23       121,763        122,084      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.60       09/14/23        10/20/23       2,402,580        2,408,934      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.65       09/14/23        10/20/23       173,250        173,712      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.65       09/14/23        10/20/23       537,425        538,859      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.65       09/14/23        10/20/23       645,210        646,931      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.65       09/14/23        10/20/23       140,520        140,895      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.65       09/14/23        10/20/23       664,605        666,378      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.65       09/14/23        10/20/23       138,720        139,090      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.65       09/14/23        10/20/23       301,846        302,651      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.65       09/14/23        10/20/23       370,388        371,376      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.65       09/14/23        10/20/23       1,212,207        1,215,442      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.65       09/14/23        10/20/23       136,373        136,737      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.65       09/14/23        10/20/23       1,483,505        1,487,463      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.70       09/14/23        10/20/23       133,554        133,913      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.70       09/14/23        10/20/23       102,985        103,262      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.70       09/14/23        10/20/23       89,468        89,708      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.70       09/14/23        10/20/23       109,428        109,722      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.70       09/14/23        10/20/23       193,710        194,231      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.70       09/14/23        10/20/23       102,510        102,786      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.70       09/14/23        10/20/23       157,200        157,623      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.70       09/14/23        10/20/23       130,843        131,195      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.70       09/14/23        10/20/23       194,803        195,327      Foreign Agency Obligations    Up to 30 Days

Merrill Lynch International

     5.60       09/14/23        10/20/23       1,198,641        1,201,811      Corporate Bonds    Up to 30 Days

RBC Capital Markets, LLC

     5.50 (b)      09/14/23        Open       116,323        116,625      Corporate Bonds    Open/Demand

RBC Capital Markets, LLC

     5.65 (b)      09/14/23        Open       135,250        135,611      Corporate Bonds    Open/Demand

BNP Paribas SA

     5.56 (b)      09/18/23        Open       325,313        325,976      Corporate Bonds    Open/Demand

J.P. Morgan Securities LLC

     5.50       09/19/23        10/18/23       140,640        140,898      Corporate Bonds    Up to 30 Days

Goldman Sachs & Co. LLC

     5.45 (b)      09/19/23        Open       695,200        696,463      Corporate Bonds    Open/Demand

J.P. Morgan Securities LLC

     5.30       09/25/23        10/18/23       149,482        149,592      Corporate Bonds    Up to 30 Days

J.P. Morgan Securities LLC

     5.50       09/25/23        10/18/23       245,451        245,638      Corporate Bonds    Up to 30 Days

J.P. Morgan Securities LLC

     5.50       09/25/23        10/18/23       154,680        154,799      Foreign Agency Obligations    Up to 30 Days

J.P. Morgan Securities LLC

     5.50       09/25/23        10/18/23       157,341        157,461      Corporate Bonds    Up to 30 Days

J.P. Morgan Securities LLC

     5.50       09/25/23        10/18/23       287,984        288,204      Foreign Agency Obligations    Up to 30 Days

J.P. Morgan Securities LLC

     5.50       09/25/23        10/18/23       152,180        152,297      Corporate Bonds    Up to 30 Days

J.P. Morgan Securities LLC

     5.65       09/25/23        10/18/23       77,253        77,314      Foreign Agency Obligations    Up to 30 Days

Nomura Securities International, Inc.

     5.48 (b)      09/25/23        Open       222,069        222,238      Corporate Bonds    Open/Demand

Nomura Securities International, Inc.

     5.48 (b)      09/25/23        Open       462,150        462,502      Corporate Bonds    Open/Demand

Nomura Securities International, Inc.

     5.48 (b)      09/25/23        Open       180,675        180,813      Corporate Bonds    Open/Demand

Nomura Securities International, Inc.

     5.48 (b)      09/25/23        Open       184,975        185,116      Corporate Bonds    Open/Demand

Nomura Securities International, Inc.

     5.48 (b)      09/25/23        Open       324,135        324,382      Corporate Bonds    Open/Demand

Nomura Securities International, Inc.

     5.48 (b)      09/25/23        Open       184,040        184,180      Corporate Bonds    Open/Demand

 

37  


Schedule of Investments (unaudited) (continued)

September 30, 2023

  

BlackRock Limited Duration Income Trust (BLW)

 

Reverse Repurchase Agreements (continued)

 

               

Counterparty

    

Interest

Rate

 

 

   

Trade

Date

 

 

    

Maturity

Date

 

(a) 

      Face Value       

Face Value

Including

Accrued Interest

 

 

 

  

Type of Non-Cash Underlying

Collateral

  

Remaining   

Contractual Maturity   

of the Agreements(a)

Nomura Securities International, Inc.    

     5.48 %(b)      09/25/23        Open     $ 90,269      $ 90,337      Corporate Bonds    Open/Demand

Nomura Securities International, Inc.

     5.48 (b)      09/25/23        Open       82,290        82,353      Corporate Bonds    Open/Demand

Nomura Securities International, Inc.

     5.48 (b)      09/25/23        Open       274,125        274,334      Corporate Bonds    Open/Demand

J.P. Morgan Securities LLC

     5.40       09/26/23        10/18/23       316,224        316,461      Corporate Bonds    Up to 30 Days

J.P. Morgan Securities LLC

     5.45       09/26/23        10/18/23       509,681        510,067      Corporate Bonds    Up to 30 Days

Barclays Capital, Inc.

     5.65       09/26/23        10/19/23       974,852        975,617      Capital Trusts    Up to 30 Days

Barclays Capital, Inc.

     5.65       09/26/23        10/19/23       1,048,712        1,049,535      Capital Trusts    Up to 30 Days

BofA Securities, Inc.

     5.40       09/26/23        10/20/23       368,880        369,157      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.65       09/26/23        10/20/23       1,313,817        1,314,848      Corporate Bonds    Up to 30 Days

Nomura Securities International, Inc..

     4.80 (b)      09/26/23        Open       484,186        484,509      Corporate Bonds    Open/Demand

Nomura Securities International, Inc

     5.65 (b)      09/26/23        Open       717,705        718,268      Corporate Bonds    Open/Demand

TD Securities (USA) LLC

     5.65 (b)      09/26/23        Open       910,095        910,809      Corporate Bonds    Open/Demand

Barclays Capital, Inc.

     5.49       09/28/23        10/19/23       601,662        601,846      Corporate Bonds    Up to 30 Days

Barclays Capital, Inc.

     5.65       09/28/23        10/19/23       88,908        88,935      Corporate Bonds    Up to 30 Days

Barclays Capital, Inc.

     5.65       09/28/23        10/19/23       368,380        368,496      Capital Trusts    Up to 30 Days

Barclays Capital, Inc.

     5.65       09/28/23        10/19/23       993,720        994,032      Corporate Bonds    Up to 30 Days

Barclays Capital, Inc.

     5.65       09/28/23        10/19/23       345,881        345,990      Corporate Bonds    Up to 30 Days

Barclays Capital, Inc.

     5.65       09/28/23        10/19/23       174,611        174,666      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     0.25       09/28/23        10/20/23       342,196        342,201      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     3.75       09/28/23        10/20/23       99,533        99,553      Corporate Bonds    Up to 30 Days

Nomura Securities International, Inc.

     5.35 (b)      09/28/23        Open       1,172,422        1,172,771      Corporate Bonds    Open/Demand

Nomura Securities International, Inc.

     5.48 (b)      09/28/23        Open       559,360        559,530      Corporate Bonds    Open/Demand

Nomura Securities International, Inc.

     5.48 (b)      09/28/23        Open       143,281        143,325      Corporate Bonds    Open/Demand

Goldman Sachs & Co. LLC

     0.00 (b)      09/29/23        Open       478,150        478,224      Corporate Bonds    Open/Demand

BofA Securities, Inc.

     5.55       09/29/23        10/20/23       178,998        178,998      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.65       09/29/23        10/20/23       343,084        343,084      Corporate Bonds    Up to 30 Days

BofA Securities, Inc.

     5.65       09/29/23        10/20/23       153,563        153,563      Corporate Bonds    Up to 30 Days

BNP Paribas SA

     0.00 (b)      09/29/23        Open       264,968        264,968      Corporate Bonds    Open/Demand
         

 

 

    

 

 

       
          $  252,939,537      $ 254,412,625        
         

 

 

    

 

 

       

 

  (a) 

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

 
  (b) 

Variable rate security. Rate as of period end and maturity is the date the principal owed can be recovered through demand.

 

Derivative Financial Instruments Outstanding as of Period End

Futures Contracts

 

           
Description   Number of
Contracts
    

Expiration

Date

    

Notional

Amount (000)

                

Value/

Unrealized

Appreciation

(Depreciation)

 

Long Contracts

             

10-Year U.S. Ultra Long Treasury Note

    104        12/19/23        $          11,599         $ (249,215

2-Year U.S. Treasury Note

    284        12/29/23        57,565           (166,337

5-Year U.S. Treasury Note

    973        12/29/23        102,484           (687,031
             

 

 

 
                (1,102,583
             

 

 

 

Short Contracts

             

10-Year U.S. Treasury Note

    374        12/19/23        40,398           671,129  

U.S. Long Bond

    133        12/19/23        15,141           833,155  

Ultra U.S. Treasury Bond

    27        12/19/23        3,210           238,036  
             

 

 

 
                1,742,320  
             

 

 

 
              $ 639,737  
             

 

 

 

 

S C H E D U L E   O F   I N V E S T M E N T S

  38


Schedule of Investments (unaudited) (continued)

September 30, 2023

  

BlackRock Limited Duration Income Trust (BLW)

 

Forward Foreign Currency Exchange Contracts

 

Currency Purchased        Currency Sold        Counterparty      Settlement Date        Unrealized
Appreciation
(Depreciation)
 
USD     270,980        EUR     251,523        JPMorgan Chase Bank N.A.        12/14/23        $ 4,186  
USD           6,536,032        EUR     6,101,000        UBS AG        12/20/23          62,101  
USD     1,204,863        GBP     973,000        Barclays Bank PLC        12/20/23          17,060  
USD     1,290,305        GBP     1,042,000        Barclays Bank PLC        12/20/23          18,270  
                       

 

 

 
                        $ 101,617  
                       

 

 

 

Centrally Cleared Credit Default Swaps — Buy Protection

 

               
Reference Obligation/Index   

Financing

Rate Paid

by the Fund

    

Payment

Frequency

    

Termination

Date

    

Notional

Amount (000)

     Value     

Upfront

Premium

Paid

(Received)

    

Unrealized

Appreciation

(Depreciation)

 

CDX.NA.IG.41.V1

     1.00      Quarterly        12/20/28      USD   21,170      $ (260,869    $ (304,472    $ 43,603  
              

 

 

    

 

 

    

 

 

 

Centrally Cleared Interest Rate Swaps

 

Paid by the Fund   

            Received by the Fund             

    Effective     Termination   Notional       

 

   

Upfront

Premium

Paid

   

Unrealized

Appreciation

 
Rate    Frequency    Rate    Frequency     Date     Date   Amount (000)     Value     (Received)     (Depreciation)  
1-Day SOFR, 5.31%    Annual         3.32%      Annual            N/A     11/28/42     USD       4,800     $ (639,177   $ 112     $ (639,289
1-Day SOFR, 5.31%    Annual         3.31%      Annual            N/A     12/01/42     USD       1,600       (214,895     37       (214,932
                  

 

 

   

 

 

   

 

 

 
                   $ (854,072   $ 149     $ (854,221
                  

 

 

   

 

 

   

 

 

 

OTC Credit Default Swaps — Sell Protection

 

Reference Obligation/Index

   

Financing

Rate Received

by the Fund

 

 

 

   

Payment

Frequency

 

 

   Counterparty    

Termination

Date

 

 

   

Credit

Rating

 

(a) 

 

 

Notional   

Amount (000)(b)

 

 

    Value      


Upfront
Premium
Paid
(Received)
 
 
 
 
   

Unrealized
Appreciation
(Depreciation)
 
 
 

Thyssenkrupp AG

    1.00     Quarterly     

Bank of America N.A.

    12/20/23       BB       EUR       20     $ 44     $ (80   $ 124  

Virgin Media Finance PLC

    5.00       Quarterly     

JPMorgan Chase Bank N.A.

    12/20/25       B       EUR       10       709       662       47  

Jaguar Land Rover Automotive PLC

    5.00       Quarterly     

Bank of America N.A.

    06/20/26       BB-       EUR       15       498       (361     859  

Jaguar Land Rover Automotive PLC

    5.00       Quarterly     

Bank of America N.A.

    12/20/26       BB-       EUR       20       375       (575     950  

Jaguar Land Rover Automotive PLC

    5.00       Quarterly     

Barclays Bank PLC

    12/20/26       BB-       EUR       10       190       295       (105

Jaguar Land Rover Automotive PLC

    5.00       Quarterly     

Credit Suisse International

    12/20/26       BB-       EUR       10       185       303       (118

CMA CGM SA

    5.00       Quarterly     

Credit Suisse International

    06/20/27       N/R       EUR       30       3,864       1,045       2,819  

Ladbrokes Coral Group Ltd

    1.00       Quarterly     

JPMorgan Chase Bank N.A.

    06/20/27       N/R       EUR       10       (256     (843     587  

Ladbrokes Coral Group Ltd

    1.00       Quarterly     

JPMorgan Chase Bank N.A.

    06/20/27       N/R       EUR       40       (1,024     (5,375     4,351  

Adler Real Estate AG

    5.00       Quarterly     

Bank of America N.A.

    12/20/27       CCC+       EUR       7       (1,303     (1,436     133  

Adler Real Estate AG

    5.00       Quarterly     

Barclays Bank PLC

    12/20/27       CCC+       EUR       4       (783     (847     64  

Adler Real Estate AG

    5.00       Quarterly     

Barclays Bank PLC

    12/20/27       CCC+       EUR       12       (2,202     (2,382     180  

Adler Real Estate AG

    5.00       Quarterly     

Citibank N.A.

    12/20/27       CCC+       EUR       4       (639     (710     71  

Adler Real Estate AG

    5.00       Quarterly     

JPMorgan Chase Bank N.A

    12/20/27       CCC+       EUR       8       (1,337     (1,482     145  

Adler Real Estate AG

    5.00       Quarterly     

Morgan Stanley & Co. International PLC

    12/20/27       CCC+       EUR       5       (969     (1,058     89  

United Group B.V

    5.00       Quarterly     

JPMorgan Chase Bank N.A.

    12/20/27       B       EUR       11       (283     (1,572     1,289  

Ladbrokes Coral Group Ltd

    1.00       Quarterly     

JPMorgan Chase Bank N.A.

    06/20/28       N/R       EUR       9       (420     (592     172  

CMBX.NA.15

    3.00       Monthly     

Morgan Stanley & Co. International PLC

    11/15/64       N/R       USD       2,318       (552,070     (431,183     (120,887
                

 

 

   

 

 

   

 

 

 
                 $ (555,421   $ (446,191   $ (109,230
                

 

 

   

 

 

   

 

 

 

 

  (a) 

Using the rating of the issuer or the underlying securities of the index, as applicable, provided by S&P Global Ratings.

 
  (b) 

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

 

 

39  


Schedule of Investments (unaudited) (continued)

September 30, 2023

  

BlackRock Limited Duration Income Trust (BLW)

 

Fair Value Hierarchy as of Period End

Various inputs are used in determining the fair value of 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); and

 

   

Level 3 – Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Valuation Committee’s assumptions used in determining the fair value of 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 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. The categorization of a value determined for financial instruments is based on the pricing transparency of the 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 financial instruments, refer to its most recent financial statements.

Certain investments of the Fund were fair valued using net asset value (“NAV”) as a practical expedient as no quoted market value is available and therefore have been excluded from the fair value hierarchy.

The following table summarizes the Fund’s financial instruments categorized in the fair value hierarchy. The breakdown of the Fund’s financial instruments into major categories is disclosed in the Schedule of Investments above.

 

         
      Level 1        Level 2        Level 3        Total  

Assets

                 

Investments

                 

Long-Term Investments

                 

Asset-Backed Securities

   $        $ 35,882,474        $     865,666        $   36,748,140  

Common Stocks

              163,587          49,979          213,566  

Corporate Bonds

                 

Aerospace & Defense

                  14,894,524                   14,894,524  

Air Freight & Logistics

              85,938                   85,938  

Automobile Components

              6,283,428                   6,283,428  

Automobiles

              8,042,710                   8,042,710  

Banks

              2,838,824                   2,838,824  

Beverages

              9,857,145                   9,857,145  

Biotechnology

              95,478                   95,478  

Broadline Retail

              115,387                   115,387  

Building Materials

              5,347,246                   5,347,246  

Building Products

              4,648,883                   4,648,883  

Capital Markets

              6,094,256                   6,094,256  

Chemicals

              8,488,302                   8,488,302  

Commercial Services & Supplies

              8,377,836                   8,377,836  

Communications Equipment

              2,238,932                   2,238,932  

Construction & Engineering

              1,578,427                   1,578,427  

Construction Materials

              502,547                   502,547  

Consumer Discretionary

              10,407,896                   10,407,896  

Consumer Finance

             80,349          7,458,496                   7,538,845  

Consumer Staples Distribution & Retail

              4,485,912                   4,485,912  

Containers & Packaging

              2,595,030                   2,595,030  

Diversified Consumer Services

              9,002,986                   9,002,986  

Diversified REITs

              5,019,168                   5,019,168  

Diversified Telecommunication Services

     100,496          11,161,217                   11,261,713  

Electric Utilities

              2,972,067                   2,972,067  

Electrical Equipment

              1,398,524                   1,398,524  

Electronic Equipment, Instruments & Components

              1,579,927                   1,579,927  

Energy Equipment & Services

              3,002,999                   3,002,999  

Environmental, Maintenance & Security Service

              4,296,937                   4,296,937  

Financial Services

              10,219,136                   10,219,136  

 

S C H E D U L E   O F   I N V E S T M E N T S

  40


Schedule of Investments (unaudited) (continued)

September 30, 2023

  

BlackRock Limited Duration Income Trust (BLW)

 

Fair Value Hierarchy as of Period End (continued)

         
      Level 1        Level 2        Level 3        Total  

Corporate Bonds (continued)

                 

Food Products

   $        $ 3,429,960        $        $ 3,429,960  

Gas Utilities

              75,960                   75,960  

Ground Transportation

              2,189,393                   2,189,393  

Health Care Equipment & Supplies

              2,351,012                   2,351,012  

Health Care Providers & Services

              13,477,149                   13,477,149  

Health Care Technology

              3,529,823                   3,529,823  

Hotels, Restaurants & Leisure

              16,461,651                   16,461,651  

Household Durables

              2,796,278                   2,796,278  

Household Products

              175,730                   175,730  

Independent Power and Renewable Electricity Producers

              3,344,450                   3,344,450  

Insurance

              9,743,884                   9,743,884  

Interactive Media & Services

              852,516                   852,516  

Internet Software & Services

              4,884,348                   4,884,348  

IT Services

              4,845,788                   4,845,788  

Leisure Products

              424,579                   424,579  

Life Sciences Tools & Services

              897,326                   897,326  

Machinery

              5,660,003                   5,660,003  

Media

              33,423,096                   33,423,096  

Metals & Mining

              9,111,018                   9,111,018  

Multi-Utilities

              302,098                   302,098  

Offshore Drilling & Other Services

              2,045,532                   2,045,532  

Oil, Gas & Consumable Fuels

              43,536,097                   43,536,097  

Passenger Airlines

              3,945,574                   3,945,574  

Personal Care Products

              252,872                   252,872  

Pharmaceuticals

              4,770,898                   4,770,898  

Real Estate Management & Development

              1,419,987                   1,419,987  

Retail REITs

              133,338                   133,338  

Semiconductors & Semiconductor Equipment

              4,633,422                   4,633,422  

Software

              12,096,499                   12,096,499  

Specialized REITs

              725,774                   725,774  

Specialty Retail

              987,092                   987,092  

Technology Hardware, Storage & Peripherals

              835,424                   835,424  

Textiles, Apparel & Luxury Goods

              565,664                   565,664  

Transportation Infrastructure

              990,359                   990,359  

Utilities

              522,175                   522,175  

Water Utilities

              831,675                   831,675  

Wireless Telecommunication Services

              3,909,868                   3,909,868  

Fixed Rate Loan Interests

              381,384                   381,384  

Floating Rate Loan Interests

              287,774,167          4,816,527          292,590,694  

Foreign Agency Obligations

              3,406,203                   3,406,203  

Investment Companies

     7,252,066                            7,252,066  

Non-Agency Mortgage-Backed Securities

              15,741,488                   15,741,488  

Other Interests

                                 

Preferred Securities

                 

Capital Trusts

              18,166,134                   18,166,134  

Preferred Stocks

     2,612,067                            2,612,067  

U.S. Government Sponsored Agency Securities

              21,548,305                   21,548,305  

Warrants

     7,352                            7,352  

Short-Term Securities

                 

Money Market Funds

     1,512,322                            1,512,322  
  

 

 

      

 

 

      

 

 

      

 

 

 
   $     11,564,652        $  736,332,212        $     5,732,172          753,629,036  
  

 

 

      

 

 

      

 

 

      

 

 

 

Investments Valued at NAV(a)

                    932  
                 

 

 

 
                  $ 753,629,968  
                 

 

 

 

Derivative Financial Instruments(b)

                 

Assets

                 

Credit Contracts

   $        $ 55,483        $        $ 55,483  

Foreign Currency Exchange Contracts

              101,617                   101,617  

Interest Rate Contracts

     1,742,320                            1,742,320  

 

41  


Schedule of Investments (unaudited) (continued)

September 30, 2023

  

BlackRock Limited Duration Income Trust (BLW)

 

Fair Value Hierarchy as of Period End (continued)

         
      Level 1        Level 2        Level 3        Total  

Liabilities

                 

Credit Contracts

   $        $ (121,110      $        $ (121,110

Interest Rate Contracts

     (1,102,583        (854,221                 (1,956,804
  

 

 

      

 

 

      

 

 

      

 

 

 
   $ 639,737        $ (818,231      $        $ (178,494
  

 

 

      

 

 

      

 

 

      

 

 

 

 

  (a) 

Certain investments of the Fund were fair valued using NAV as a practical expedient as no quoted market value is available and therefore have been excluded from the fair value hierarchy.

 
  (b) 

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

 

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 reporting purposes. As of period end, reverse repurchase agreements of $254,412,625 are categorized as Level 2 within the fair value hierarchy.

A reconciliation of Level 3 financial instruments is presented when the Fund had a significant amount of Level 3 investments and derivative financial instruments at the beginning and/or end of the period in relation to net assets. The following table is a reconciliation of Level 3 investments for which significant unobservable inputs were used in determining fair value:

 

 

 
   

Asset-Backed

Securities

   

Common

Stocks

   

Corporate

Bonds

   

Floating

Rate Loan

Interests

   

Non-Agency

Mortgage-Backed

Securities

   

Other

Interests

    Total  

 

 

Assets

             

Opening balance, as of December 31, 2022

  $   1,354,025     $ 6,098     $   1,198,484     $   3,710,331     $ 384,933     $ (a)    $ 6,653,871  

Transfers into Level 3(b)

                      2,015,615                         —       2,015,615  

Transfers out of Level 3(c)

    (500,000           (1,198,484     (974,897       (384,933                 —         (3,058,314

Accrued discounts/premiums

    (22,480                 122,483                   100,003  

Net realized gain (loss)

            (100,300           (64,820                 (165,120

Net change in unrealized appreciation (depreciation)(d)

    34,121       108,275             282,483                   424,879  

Purchases

          36,293             1,720,954                   1,757,247  

Sales

          (387           (1,995,622                 (1,996,009
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Closing balance, as of September 30, 2023

  $ 865,666     $ 49,979     $     $ 4,816,527     $     $ (a)    $ 5,732,172  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net change in unrealized appreciation (depreciation) on investments still held at September 30, 2023(d)

  $ 34,121     $ 8,219     $     $ 256,140     $     $     $ 298,480  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

  (a)

Rounds to less than $1.

 
  (b) 

As of December 31, 2022, the Fund used observable inputs in determining the value of certain investments. As of September 30, 2023, 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.

 
  (c) 

As of December 31, 2022, the Fund used significant unobservable inputs in determining the value of certain investments. As of September 30, 2023, 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 2 in the disclosure hierarchy.

 
  (d)

Any difference between net change in unrealized appreciation (depreciation) and net change in unrealized appreciation (depreciation) on investments still held at September 30, 2023 is generally due to investments no longer held or categorized as Level 3 at period end.

 

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

 

Currency Abbreviation
EUR    Euro
GBP    British Pound
USD    United States Dollar
Portfolio Abbreviation
CDI    CREST Depository Interest
CLO    Collateralized Loan Obligation
CMT    Constant Maturity Treasury
DAC    Designated Activity Company
ETF    Exchange-Traded Fund
Portfolio Abbreviation (continued)
EURIBOR    Euro Interbank Offered Rate
LIBOR    London Interbank Offered Rate
PCL    Public Company Limited
PIK    Payment-in-Kind
REIT    Real Estate Investment Trust
SAB    Special Assessment Bonds
SOFR    Secured Overnight Financing Rate
SONIA    Sterling Overnight Interbank Average Rate
 

 

S C H E D U L E   O F   I N V E S T M E N T S

  42

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