Edgar Filing: BLACKROCK Ltd DURATION INCOME TRUST

BLACKROCK Ltd DURATION INCOME TRUST

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number: 811-21349

Name of Fund: BlackRock Limited Duration Income Trust (BLW)

Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809

Name and address of agent for service: John M. Perlowski, Chief Executive Officer, BlackRock Limited Duration Income Trust, 55 East 52^nd Street, New York, NY 10055

Registrant’s telephone number, including area code: (800) 882-0052, Option 4

Date of fiscal year end: 08/31/2017

Date of reporting period: 05/31/2017

Item 1 – Schedule of Investments

Schedule of Investments May 31, 2017 (Unaudited)

BlackRock Limited Duration Income Trust (BLW)

(Percentages shown are based on Net Assets)


Common Stocks		Shares		Value
Chemicals — 0.0%
LyondellBasell Industries NV, Class A			37	$	2,979
Diversified Financial Services — 0.1%
Kcad Holdings I Ltd. (a)(b)			546,753,936		749,053
Health Care Management Services — 0.0%
New Millennium HoldCo, Inc.			8,511		11,754
Household Durables — 0.0%
Berkline Benchcraft Equity LLC (a)(b)(c)			3,155		—
Total Common Stocks - 0.1%					763,786



Asset-Backed Securities		Par (000)
Asset-Backed Securities — 12.3%
AIMCO CLO, Series 2014-AA, Class DR, 4.33%, 7/20/26 (a)(d)(e)	USD		250		250,000
Allegro CLO II Ltd., Series 2014-1A, Class CR, 5.01%, 1/21/27 (a)(d)(e)			1,000		1,000,100
ALM VI Ltd., Series 2012-6A, Class B2R, 3.96%, 7/15/26 (d)(e)			1,000		1,000,714
ALM XIV Ltd., Series 2014-14A, Class C, 4.62%, 7/28/26 (d)(e)			4,141		4,145,043
ALM XVII Ltd., Series 2015-17A, Class D, 7.51%, 1/15/28 (d)(e)			1,000		1,000,243
AmeriCredit Automobile Receivables, Series 2014-3, Class C, 2.58%, 9/08/20			4,850		4,893,396
AMMC CLO Ltd., Series 2014-15A, Class D, 5.31%, 12/09/26 (d)(e)			2,000		2,013,320
Anchorage Capital CLO 3 Ltd., Series 2014-3A, Class D, 5.92%, 4/28/26 (d)(e)			1,000		971,985
Anchorage Capital CLO 5 Ltd., Series 2014-5A, Class E, 6.16%, 10/15/26 (d)(e)			1,000		975,194
Anchorage Capital CLO Ltd. (a)(d)(e):
Series 2014-4A, Class CR, 4.57%, 7/28/26			275		275,000
Series 2016-9A, Class D, 4.95%, 1/15/29			350		352,275
Ares XXVII CLO Ltd., Series 2013-2A, Class E, 6.02%, 7/28/25 (d)(e)			1,000		983,443
Ares XXXII CLO Ltd., Series 2014-32A, Class BR, 3.43%, 11/15/25 (a)(d)(e)			1,250		1,250,000


Asset-Backed Securities		Par (000)		Value
Asset-Backed Securities (continued)
Ballyrock CLO LLC, Series 2014-1A, Class CR, 4.81%, 10/20/26 (a)(d)(e)	USD		280	$	279,994
BlueMountain CLO Ltd., Series 2012-2A, Class DR, 5.32%, 11/20/28 (d)(e)			1,000		1,006,424
Carlyle Global Market Strategies CLO Ltd. (d)(e):
Series 2013-1A, Class C, 5.18%, 2/14/25			250		251,216
Series 2014-3A, Class D1, 6.27%, 7/27/26			1,000		993,568
Series 2014-4A, Class E, 6.36%, 10/15/26			500		494,090
Series 2015-1A, Class C, 4.31%, 4/20/27			500		500,061
CIFC Funding Ltd., Class D (d)(e):
Series 2014-3A, 4.55%, 7/22/26			420		422,172
Series 2015-1A, 5.15%, 1/22/27			600		604,186
Credit Suisse ABS Repackaging Trust, Series 2013-A, Class B, 2.50%, 1/25/30 (e)			1,027		961,377
DCP Rights LLC, Series 2014-1A, Class A, 5.46%, 10/25/44 (e)			3,109		3,142,878
Dryden Senior Loan Fund, Series 2014-31A, Class DR, 4.51%, 4/18/26 (d)(e)			250		251,383
Litigation Fee Residual Funding, 4.00%, 10/30/27 (a)			1,649		1,670,279
Madison Park Funding XIII Ltd., Series 2014-13A, Class E, 6.02%, 1/19/25 (d)(e)			1,250		1,230,522
Madison Park Funding XIV Ltd., Series 2014-14A, Class E, 5.91%, 7/20/26 (d)(e)			1,000		978,840
Madison Park Funding XV Ltd., Series 2014-15A, Class B1R, 3.37%, 1/27/26 (d)(e)			1,500		1,502,504
Octagon Investment Partners XVIII Ltd., Series 2013-1A, Class CR, 4.44%, 12/16/24 (d)(e)			1,000		1,002,381
OHA Loan Funding LLC, Series 2014-1A, Class E, 7.75%, 10/20/26 (e)			2,000		2,007,777
OneMain Financial Issuance Trust, Series 2015-2A, Class C, 4.32%, 7/18/25 (e)			4,000		4,005,379
OZLM IX Ltd., Series 2014-9A Class CR, 4.71%, 1/20/27 (d)(e)			1,000		1,001,208
OZLM VII Ltd., Series 2014-7A, Class CR, 4.66%, 7/17/26 (d)(e)			250		251,258



BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2017	1


Schedule of Investments (continued)		BlackRock Limited Duration Income Trust (BLW)


Asset-Backed Securities		Par (000)		Value
Asset-Backed Securities (continued)
OZLM VIII Ltd., Series 2014-8A (a)(d)(e):
Class BR, 4.16%, 10/17/26	USD		2,500	$	2,500,000
Class CR, 4.66%, 10/17/26			500		500,000
OZLM XII Ltd., Series 2015-12A, Class C, 4.87%, 4/30/27 (d)(e)			1,000		1,005,884
OZLM XV Ltd., Series 2016-15A, Class C, 4.92%, 1/20/29 (d)(e)			1,000		1,009,887
Regatta V Funding Ltd., Series 2014-1A, Class BR, 3.46%, 10/25/26 (d)(e)			2,000		2,004,172
Rockford Tower CLO Ltd., Series 2017-1A, Class D, 4.62%, 4/15/29 (a)(d)(e)			250		241,925
Santander Drive Auto Receivables Trust:
Series 2014-3, Class D, 2.65%, 8/17/20			4,015		4,053,302
Series 2014-4, Class C, 2.60%, 11/16/20			4,500		4,522,988
Series 2014-4, Class D, 3.10%, 11/16/20			4,500		4,575,889
Sound Point CLO IV Ltd., Series 2013-3A, Class DR, 4.56%, 1/21/26 (a)(d)(e)			800		800,000
Sound Point CLO VII Ltd., Series 2014-3A, Class D, 4.75%, 1/23/27 (d)(e)			2,000		2,002,352
Symphony CLO XV Ltd., Series 2014-15A, Class CR, 3.36%, 10/17/26 (a)(d)(e)			1,250		1,250,000
Symphony CLO XVIII Ltd., Series 2016-18A, Class D, 4.95%, 1/23/28 (d)(e)			1,000		1,011,500
THL Credit Wind River CLO Ltd., Series 2014-3A, Class E, 6.75%, 1/22/27 (d)(e)			1,000		983,848
Venture XXI CLO Ltd., Series 2015-21A, Class D, 4.76%, 7/15/27 (d)(e)			400		400,710
Venture XXVI CLO Ltd., Series 2017-26A, Class D, 5.29%, 1/20/29 (a)(d)(e)			1,000		1,007,500
Vibrant CLO IV Ltd., Series 2016-4A, Class D, 5.66%, 7/20/28 (d)(e)			1,000		1,009,648
Voya CLO Ltd., Series 2014-4A, Class C, 5.16%, 10/14/26 (d)(e)			2,500		2,508,945
World Financial Network Credit Card Master Trust, Series 2012-C, Class B, 3.57%, 8/15/22			3,000		3,055,118


Asset-Backed Securities		Par (000)		Value
Asset-Backed Securities (continued)
York CLO Ltd., Series 2016-2A, Class E, 8.10%, 1/20/30 (d)(e)	USD		1,000	$	1,014,974

					77,126,852
Interest Only Asset-Backed Securities — 0.1%
Sterling Bank Trust, Series 2004-2, Class Note, 2.08%, 3/30/30 (a)(e)			4,094		278,916
Sterling Coofs Trust, Series 2004-1, Class A, 2.36%, 4/15/29 (a)(e)			6,295		432,128

					711,044
Total Asset-Backed Securities - 12.4%					77,837,896



Corporate Bonds
Aerospace & Defense — 1.0%
Accudyne Industries Borrower/Accudyne Industries LLC, 7.75%, 12/15/20 (e)(f)			860		870,750
Bombardier, Inc. (e):
8.75%, 12/01/21 (f)			658		732,025
6.00%, 10/15/22 (f)			384		384,242
6.13%, 1/15/23			152		152,475
7.50%, 3/15/25 (f)			565		584,481
KLX, Inc., 5.88%, 12/01/22 (e)			733		773,374
Koppers, Inc., 6.00%, 2/15/25 (e)			225		236,250
Kratos Defense & Security Solutions, Inc., 7.00%, 5/15/19			89		91,002
Moog, Inc., 5.25%, 12/01/22 (e)			270		281,475
TransDigm, Inc.:
6.00%, 7/15/22 (f)			1,256		1,301,373
6.50%, 7/15/24 (f)			490		509,600
6.38%, 6/15/26			59		60,475

					5,977,522
Air Freight & Logistics — 0.2%
XPO Logistics, Inc.:
5.75%, 6/15/21	EUR		100		118,386
6.50%, 6/15/22 (e)(f)	USD		1,100		1,167,870

					1,286,256
Airlines — 2.2%
Air Canada Pass-Through Trust (e):
Series 2013-1, Class C, 6.63%, 5/15/18			651		672,971
Series 2015-1, Class B, 3.88%, 9/15/24 (f)			1,340		1,332,250
American Airlines Group, Inc., 4.63%, 3/01/20 (e)			315		324,056



2	BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2017


Schedule of Investments (continued)		BlackRock Limited Duration Income Trust (BLW)


Corporate Bonds		Par (000)		Value
Airlines (continued)
American Airlines Pass-Through Trust:
Series 2013-2, Class A, 4.95%, 7/15/24 (f)	USD		2,940	$	3,142,579
Series 2013-2, Class B, 5.60%, 1/15/22 (e)(f)			562		583,537
Series 2017-1, Class B, 4.95%, 8/15/26			1,540		1,580,348
Avianca Holdings SA/Avianca Leasing LLC/Grupo Taca Holdings Ltd., 8.38%, 5/10/20			221		220,448
Continental Airlines Pass-Through Trust, Series 2012-3, Class C, 6.13%, 4/29/18 (f)			230		236,900
United Airlines Pass-Through Trust:
Series 2014-2, Class B, 4.63%, 3/03/24 (f)			1,973		2,021,855
Series 2015-1, Class A, 3.70%, 6/01/24			2,430		2,490,750
US Airways Pass-Through Trust, Series 2011-1, Class B, 9.75%, 4/22/20			327		361,087
Virgin Australia Trust, Series 2013-1 (e)(f):
Class A, 5.00%, 4/23/25			429		444,565
Class C, 7.13%, 10/23/18			427		435,822

					13,847,168
Auto Components — 0.5%
Allison Transmission, Inc., 5.00%, 10/01/24 (e)			28		28,560
Aston Martin Capital Holdings Ltd., 5.75%, 4/15/22	GBP		100		136,737
Delphi Automotive PLC, 4.40%, 10/01/46	USD		240		235,720
Federal-Mogul Holdings LLC, 4.88%, 4/15/24 (d)	EUR		100		112,683
Goodyear Tire & Rubber Co., 5.00%, 5/31/26	USD		67		69,051
Icahn Enterprises LP/Icahn Enterprises Finance Corp.:
4.88%, 3/15/19 (f)			1,314		1,329,768
6.25%, 2/01/22			119		123,909
6.75%, 2/01/24			230		240,350
IHO Verwaltungs GmbH (g):
(2.75% Cash or 3.50% PIK), 2.75%, 9/15/21	EUR		100		116,267
(3.25% Cash or 4.00% PIK), 3.25%, 9/15/23			100		118,103
(3.75% Cash or 4.50% PIK), 3.75%, 9/15/26			100		119,383
(4.13% Cash or 4.88% PIK), 4.13%, 9/15/21 (e)	USD		200		204,250


Corporate Bonds		Par (000)		Value
Auto Components (continued)
IHO Verwaltungs GmbH (g) (continued):
(4.50% Cash or 5.25% PIK), 4.50%, 9/15/23 (e)	USD		200	$	204,250
ZF North America Capital, Inc., 4.75%, 4/29/25 (e)			150		157,875

					3,196,906
Automobiles — 0.4%
General Motors Co., 3.50%, 10/02/18 (f)			2,478		2,525,533
Banks — 1.7%
Allied Irish Banks PLC, 4.13%, 11/26/25 (d)	EUR		100		120,063
Banco Espirito Santo SA (b)(c):
4.75%, 1/15/18			100		31,454
4.00%, 1/21/19			100		31,454
Banco Inbursa SA Institucion de Banca Multiple, 4.38%, 4/11/27 (e)	USD		666		658,508
Banco Popolare, 2.75%, 7/27/20	EUR		100		116,149
Bank of Ireland, 4.25%, 6/11/24 (d)			100		118,684
Bankia SA (d):
4.00%, 5/22/24			200		233,657
3.38%, 3/15/27			100		115,318
Barclays PLC, 3.65%, 3/16/25 (f)	USD		3,600		3,591,266
BPE Financiaciones SA, 2.00%, 2/03/20	EUR		100		105,485
BPER Banca, 5.13%, 5/31/27 (d)			100		113,601
CaixaBank SA, 3.50%, 2/15/27 (d)			100		117,647
CIT Group, Inc.:
5.50%, 2/15/19 (e)(f)	USD		400		422,000
5.00%, 8/01/23			610		658,038
HSBC Holdings PLC, 4.38%, 11/23/26 (f)			395		411,193
Nordea Bank AB, 4.50%, 3/26/20	EUR		1,020		1,286,756
Santander Holdings USA, Inc., 4.50%, 7/17/25 (f)	USD		1,750		1,807,466
Santander UK Group Holdings PLC, 2.88%, 8/05/21 (f)			950		953,274

					10,892,013
Beverages — 0.6%
Anheuser-Busch InBev Finance, Inc., 3.30%, 2/01/23 (f)			3,000		3,091,806
Central American Bottling Corp., 5.75%, 1/31/27 (e)			517		548,020
Horizon Holdings I SASU, 7.25%, 8/01/23	EUR		100		121,286



BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2017	3


Schedule of Investments (continued)		BlackRock Limited Duration Income Trust (BLW)


Corporate Bonds		Par (000)		Value
Beverages (continued)
Silgan Holdings, Inc., 3.25%, 3/15/25	EUR		100	$	114,997

					3,876,109
Biotechnology — 0.0%
Senvion Holding GmbH, 3.88%, 10/25/22			100		113,796
Building Materials — 0.1%
Tecnoglass, Inc., 8.20%, 1/31/22 (e)	USD		659		689,310
Titan Global Finance PLC, 3.50%, 6/17/21	EUR		100		118,464

					807,774
Building Products — 0.4%
American Builders & Contractors Supply Co., Inc. (e):
5.63%, 4/15/21	USD		76		78,185
5.75%, 12/15/23			210		222,600
Building Materials Corp. of America (e):
5.38%, 11/15/24			45		47,306
6.00%, 10/15/25 (f)			260		280,800
CPG Merger Sub LLC, 8.00%, 10/01/21 (e)(f)			525		548,625
Masonite International Corp., 5.63%, 3/15/23 (e)(f)			404		424,200
Ply Gem Industries, Inc., 6.50%, 2/01/22			219		228,855
Standard Industries, Inc. (e)(f):
5.13%, 2/15/21			40		41,700
5.50%, 2/15/23			147		154,901
USG Corp. (e):
5.50%, 3/01/25			15		15,900
4.88%, 6/01/27			194		195,940

					2,239,012
Capital Markets — 0.5%
Blackstone CQP Holdco LP, 6.50%, 3/20/21 (e)			2,050		2,068,698
LPL Holdings, Inc., 5.75%, 9/15/25 (e)			62		64,015
Morgan Stanley, 4.00%, 7/23/25 (f)			965		1,009,536

					3,142,249
Chemicals — 1.5%
Alpha 3 BV/Alpha US Bidco, Inc., 6.25%, 2/01/25 (e)(f)			800		816,000
Axalta Coating Systems Dutch Holding B BV, 3.75%, 1/15/25	EUR		100		118,462
Axalta Coating Systems LLC, 4.88%, 8/15/24 (e)	USD		239		244,676


Corporate Bonds		Par (000)		Value
Chemicals (continued)
Blue Cube Spinco, Inc.:
9.75%, 10/15/23	USD		194	$	236,680
10.00%, 10/15/25			140		173,600
CF Industries, Inc.:
7.13%, 5/01/20			130		143,650
5.15%, 3/15/34			90		83,250
4.95%, 6/01/43			120		105,900
Chemours Co.:
6.63%, 5/15/23			248		264,713
7.00%, 5/15/25			112		124,040
The Chemours Co., 5.38%, 5/15/27			156		162,240
Hexion, Inc., 10.38%, 2/01/22 (e)			184		186,300
Huntsman International LLC:
4.88%, 11/15/20			339		359,340
5.13%, 4/15/21	EUR		100		127,243
Ineos Finance PLC, 4.00%, 5/01/23			100		116,688
INEOS Group Holdings SA, 5.38%, 8/01/24			100		120,199
Inovyn Finance PLC, 6.25%, 5/15/21			80		117,952
Momentive Performance Materials, Inc., 3.88%, 10/24/21 (f)	USD		1,578		1,597,725
NOVA Chemicals Corp. (e)(h):
4.88%, 6/01/24			267		267,667
5.25%, 6/01/27			683		683,854
Platform Specialty Products Corp. (e):
10.38%, 5/01/21			53		58,764
6.50%, 2/01/22 (f)			1,783		1,836,490
PQ Corp., 6.75%, 11/15/22 (e)(f)			399		433,912
PSPC Escrow Corp., 6.00%, 2/01/23	EUR		100		117,985
The Sherwin-Williams Co., 2.75%, 6/01/22	USD		180		181,199
Tronox Finance LLC:
6.38%, 8/15/20			208		210,080
7.50%, 3/15/22 (e)			62		64,402
Versum Materials, Inc., 5.50%, 9/30/24 (e)			116		121,800
WR Grace & Co-Conn (e):
5.13%, 10/01/21			176		187,440
5.63%, 10/01/24			200		215,750

					9,478,001
Commercial Services & Supplies — 1.3%
ADT Corp.:
3.50%, 7/15/22 (f)			286		279,565
4.13%, 6/15/23			248		246,140
4.88%, 7/15/32 (e)			390		339,300
Advanced Disposal Services, Inc., 5.63%, 11/15/24 (e)			225		230,906



4	BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2017


Schedule of Investments (continued)		BlackRock Limited Duration Income Trust (BLW)


Corporate Bonds		Par (000)		Value
Commercial Services & Supplies (continued)
Aviation Capital Group Corp., 4.63%, 1/31/18 (e)(f)	USD		1,000	$	1,016,496
Booz Allen Hamilton, Inc., 5.13%, 5/01/25 (e)	USD		419		428,428
Brand Energy & Infrastructure Services, Inc., 8.50%, 12/01/21 (e)(f)			824		878,590
Covanta Holding Corp., 5.88%, 7/01/25			213		207,675
Harland Clarke Holdings Corp., 8.38%, 8/15/22 (e)			280		295,400
KAR Auction Services, Inc., 5.13%, 6/01/25 (e)			401		409,020
La Financiere Atalian SAS, 4.00%, 5/15/24	EUR		100		116,563
Mobile Mini, Inc., 5.88%, 7/01/24 (f)			447		464,880
Paprec Holding SA, 5.25%, 4/01/22	EUR		100		118,792
Park Aerospace Holdings Ltd., 5.25%, 8/15/22 (e)	USD		239		250,801
Pitney Bowes, Inc., 3.38%, 10/01/21 (f)			1,500		1,491,504
Ritchie Bros Auctioneers, Inc., 5.38%, 1/15/25 (e)			188		194,580
S&P Global, Inc., 2.50%, 8/15/18 (f)			445		448,796
United Rentals North America, Inc.:
7.63%, 4/15/22			20		20,875
5.75%, 11/15/24 (f)			579		612,298
Verisure Holding AB, 6.00%, 11/01/22	EUR		113		136,939

					8,187,548
Communications Equipment — 0.7%
Avaya, Inc., 7.00%, 4/01/19 (b)(c)(e)	USD		183		149,603
CommScope Technologies Finance LLC, 6.00%, 6/15/25 (e)			3		3,188
CommScope Technologies LLC, 5.00%, 3/15/27 (e)			239		239,000
CommScope, Inc., 5.00%, 6/15/21 (e)			465		476,913
Motorola Solutions, Inc., 3.75%, 5/15/22 (f)			1,500		1,531,194
Nokia OYJ, 6.63%, 5/15/39			200		225,876
Zayo Group LLC/Zayo Capital, Inc.:
6.00%, 4/01/23 (f)			649		686,317
6.38%, 5/15/25 (f)			522		561,150


Corporate Bonds		Par (000)		Value
Communications Equipment (continued)
Zayo Group LLC/Zayo Capital, Inc. (continued):
5.75%, 1/15/27 (e)	USD		400	$	421,956

					4,295,197
Construction & Engineering — 0.6%
Aeropuerto Internacional de Tocumen SA, 5.63%, 5/18/36 (e)(f)			994		1,036,245
Aeropuertos Argentina 2000 SA, 6.88%, 2/01/27 (e)			335		348,400
Aeropuertos Dominicanos Siglo XXI SA, 6.75%, 3/30/29 (e)			335		356,403
BlueLine Rental Finance Corp., 9.25%, 3/15/24 (e)			1,042		1,088,890
Engility Corp., 8.88%, 9/01/24			216		232,200
SPIE SA, 3.13%, 3/22/24	EUR		100		116,828
Tutor Perini Corp., 6.88%, 5/01/25 (e)	USD		139		145,429
Weekley Homes LLC/Weekley Finance Corp., 6.00%, 2/01/23			320		310,400

					3,634,795
Construction Materials — 0.5%
American Tire Distributors, Inc., 10.25%, 3/01/22 (e)			204		213,180
Beacon Roofing Supply, Inc., 6.38%, 10/01/23			137		147,960
HD Supply, Inc. (e)(f):
5.25%, 12/15/21			1,663		1,751,971
5.75%, 4/15/24			624		665,340
LKQ Italia Bondco SpA, 3.88%, 4/01/24	EUR		100		121,041
New Enterprise Stone & Lime Co., Inc., 10.13%, 4/01/22 (e)	USD		160		169,600
PulteGroup, Inc., 5.50%, 3/01/26			190		200,806
Rexel SA, 3.50%, 6/15/23	EUR		116		137,423

					3,407,321
Consumer Discretionary — 0.1%
Nielsen Co. Luxembourg SARL, 5.00%, 2/01/25 (e)	USD		490		499,800
Consumer Finance — 1.2%
Alliance Data Systems Corp. (e):
5.25%, 12/01/17			28		28,280
5.88%, 11/01/21 (f)			696		720,360
Ally Financial, Inc. (f):
4.63%, 3/30/25			846		848,284
8.00%, 11/01/31			1,011		1,220,782
Cardtronics, Inc./Cardtronics USA, Inc., 5.50%, 5/01/25 (e)			82		84,050
CDK Global, Inc., 4.88%, 6/01/27 (e)			278		280,955



BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2017	5


Schedule of Investments (continued)		BlackRock Limited Duration Income Trust (BLW)


Corporate Bonds		Par (000)		Value
Consumer Finance (continued)
General Motors Financial Co., Inc., 2.63%, 7/10/17 (f)	USD		2,760	$	2,763,180
Navient Corp.:
5.00%, 10/26/20 (f)			310		316,975
6.63%, 7/26/21			190		201,932
6.50%, 6/15/22			20		20,813
5.50%, 1/25/23			134		132,283
7.25%, 9/25/23 (f)			257		270,107
6.13%, 3/25/24			115		114,747
5.88%, 10/25/24			125		121,563
6.75%, 6/25/25			109		109,496
5.63%, 8/01/33			95		77,663
OneMain Financial Holdings LLC (e):
6.75%, 12/15/19			147		153,982
7.25%, 12/15/21			150		157,965
Springleaf Finance Corp., 6.13%, 5/15/22			70		72,303

					7,695,720
Containers & Packaging — 1.7%
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc.:
4.43%, 5/15/21 (d)(e)			200		204,000
4.25%, 1/15/22	EUR		71		81,794
4.25%, 9/15/22 (e)	USD		679		691,731
4.63%, 5/15/23 (e)			206		210,635
2.75%, 3/15/24	EUR		125		142,825
6.75%, 5/15/24			100		125,113
7.25%, 5/15/24 (e)(f)	USD		1,868		2,038,455
6.00%, 2/15/25 (e)			799		832,958
Bahia Sul Holdings GmbH, 5.75%, 7/14/26 (e)			600		620,700
Ball Corp., 5.00%, 3/15/22 (f)			303		323,831
BWAY Holding Co., Inc., 5.50%, 4/15/24 (e)			373		381,393
Crown European Holdings SA, 4.00%, 7/15/22	EUR		149		187,841
Flex Acquisition Co., Inc., 6.88%, 1/15/25 (e)	USD		33		34,568
JH-Holding Finance SA, (8.25% PIK), 8.25%, 12/01/22 (g)	EUR		200		244,890
Reynolds Group Issuer, Inc./Reynolds Group Issuer LLC/Reynolds Group Issuer Lu:
5.75%, 10/15/20 (f)	USD		1,062		1,090,408
6.88%, 2/15/21			136		139,511
4.66%, 7/15/21 (d)(e)			1,060		1,081,200
5.13%, 7/15/23 (e)			175		182,000
7.00%, 7/15/24 (e)(f)			534		574,715
Sealed Air Corp.:
4.88%, 12/01/22 (e)			80		83,500
4.50%, 9/15/23	EUR		100		126,359
6.88%, 7/15/33 (e)	USD		44		48,400


Corporate Bonds		Par (000)		Value
Containers & Packaging (continued)
Signode Industrial Group Lux SA/Signode Industrial Group US, Inc., 6.38%, 5/01/22 (e)(f)	USD		502	$	523,335
Suzano Trading Ltd., 5.88%, 1/23/21 (e)			500		533,750
Verallia Packaging SASU, 5.13%, 8/01/22	EUR		100		119,637

					10,623,549
Diversified Consumer Services — 0.5%
APX Group, Inc.:
6.38%, 12/01/19	USD		47		48,488
8.75%, 12/01/20 (f)			312		323,310
7.88%, 12/01/22 (f)			325		355,027
GW Honos Security Corp., 8.75%, 5/15/25 (e)			87		89,610
Laureate Education, Inc., 8.25%, 5/01/25 (e)			114		119,985
Prime Security Services Borrower LLC/Prime Finance, Inc., 9.25%, 5/15/23 (e)(f)			1,870		2,044,546
Sotheby’s, 5.25%, 10/01/22 (e)			91		92,820
Tereos Finance Groupe I SA, 4.13%, 6/16/23	EUR		100		113,739

					3,187,525
Diversified Financial Services — 0.6%
Aircastle Ltd.:
6.25%, 12/01/19 (f)	USD		367		398,195
5.13%, 3/15/21			16		17,140
5.50%, 2/15/22			219		237,615
Arrow Global Finance PLC, 2.88%, 4/01/25 (d)	EUR		100		112,391
ASP AMC Merger Sub, Inc., 8.00%, 5/15/25 (e)	USD		97		95,060
FBM Finance, Inc., 8.25%, 8/15/21 (e)			130		139,750
Garfunkelux Holdco 3 SA, 8.50%, 11/01/22	GBP		100		139,153
General Motors Financial Co., Inc., 4.38%, 9/25/21 (f)	USD		530		558,931
Jefferies Finance LLC/JFIN Co-Issuer Corp. (e)(f):
7.38%, 4/01/20			290		299,787
6.88%, 4/15/22			480		482,400
Mercury Bondco PLC (g):
(7.13% Cash or 7.88% PIK), 7.13%, 5/30/21	EUR		100		117,109
(8.25% Cash or 9.00% PIK), 8.25%, 5/30/21			200		236,353
Remote Escrow Finance Vehicle LLC, 10.50%, 6/01/22 (e)	USD		164		170,560



6	BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2017


Schedule of Investments (continued)		BlackRock Limited Duration Income Trust (BLW)


Corporate Bonds		Par (000)		Value
Diversified Financial Services (continued)
Tempo Acquisition LLC/Tempo Acquisition Finance Corp., 6.75%, 6/01/25 (e)	USD		189	$	193,253
UniCredit SpA:
6.95%, 10/31/22	EUR		100		135,116
5.75%, 10/28/25 (d)			100		123,541
4.38%, 1/03/27 (d)			100		118,810
WMG Acquisition Corp., 4.13%, 11/01/24			100		119,356

					3,694,520
Diversified Telecommunication Services — 2.1%
CenturyLink, Inc.:
Series S, 6.45%, 6/15/21	USD		648		700,650
Series T, 5.80%, 3/15/22			255		266,794
Series U, 7.65%, 3/15/42			147		138,731
Series W, 6.75%, 12/01/23			275		293,906
Series Y, 7.50%, 4/01/24			188		205,860
Cincinnati Bell, Inc., 7.00%, 7/15/24 (e)			555		582,750
Consolidated Communications, Inc., 6.50%, 10/01/22			100		99,375
Frontier Communications Corp.:
8.13%, 10/01/18			264		279,180
7.13%, 3/15/19			190		200,925
8.50%, 4/15/20			425		450,500
8.88%, 9/15/20			91		96,801
6.25%, 9/15/21			35		32,813
7.13%, 1/15/23 (f)			170		147,262
7.63%, 4/15/24 (f)			326		273,840
6.88%, 1/15/25 (f)			1,168		939,516
Impera Holdings SA, (5.38% PIK), 5.38%, 9/15/22 (g)	EUR		117		136,308
Level 3 Financing, Inc.:
4.94%, 1/15/18 (d)	USD		411		412,027
5.38%, 8/15/22 (f)			240		247,200
5.13%, 5/01/23 (f)			295		306,986
5.38%, 1/15/24			392		410,867
5.38%, 5/01/25 (f)			346		363,622
5.25%, 3/15/26			461		479,297
OTE PLC, 3.50%, 7/09/20	EUR		100		115,143
SBA Communications Corp., 4.88%, 9/01/24 (e)	USD		263		266,813
SoftBank Group Corp., 4.75%, 7/30/25	EUR		122		155,572
Telecom Italia Capital SA:
6.38%, 11/15/33	USD		130		139,627
6.00%, 9/30/34			745		787,599
7.20%, 7/18/36			202		232,300
7.72%, 6/04/38			21		25,200
Telecom Italia Finance SA, 7.75%, 1/24/33	EUR		37		56,519
Telecom Italia SpA, 5.88%, 5/19/23	GBP		100		148,891


Corporate Bonds		Par (000)		Value
Diversified Telecommunication Services (continued)
Verizon Communications, Inc. (f):
3.65%, 9/14/18	USD		3,855	$	3,949,621
4.50%, 9/15/20			145		155,431
Windstream Corp., 7.75%, 10/01/21			26		25,155

					13,123,081
Electric Utilities — 1.0%
AES Corp., 4.88%, 5/15/23 (f)			270		274,387
Black Hills Corp., 3.15%, 1/15/27 (f)			305		297,293
Celeo Redes Operacion Chile SA, 5.20%, 6/22/47 (e)(f)			1,006		1,012,287
Enel Finance International NV, 3.63%, 5/25/27 (e)			900		890,327
Energuate Trust, 5.88%, 5/03/27 (e)			449		456,453
Exelon Corp., 3.40%, 4/15/26 (f)			140		140,582
Mirant Mid Atlantic Pass-Through Trust, Series B, 9.13%, 6/30/17 (f)			197		182,971
Orazul Energy Egenor S en C por A, 5.63%, 4/28/27 (e)			668		654,640
Pampa Energia SA, 7.50%, 1/24/27 (e)			663		699,465
Southern Co., 2.95%, 7/01/23 (f)			1,920		1,913,259
Talen Energy Supply LLC, 6.50%, 6/01/25			85		63,538
Texas Competitive Electric Holdings Co. LLC/TCEH Finance, Inc. (a):
10.25%, 11/01/15			47		212
10.50%, 11/01/17			31		140
11.50%, 10/01/20 (b)(c)(e)			300		—

					6,585,554
Electrical Equipment — 0.0%
Areva SA, 4.88%, 9/23/24	EUR		100		120,850
Belden, Inc., 5.50%, 4/15/23			149		177,422

					298,272
Electronic Equipment, Instruments & Components — 0.1%
CDW LLC/CDW Finance Corp.:
5.00%, 9/01/23	USD		72		74,340
5.50%, 12/01/24 (f)			408		440,640
5.00%, 9/01/25			107		110,210

					625,190
Energy Equipment & Services — 1.1%
Ensco PLC:
4.50%, 10/01/24 (f)			149		122,553
5.20%, 3/15/25			40		33,888



BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2017	7


Schedule of Investments (continued)		BlackRock Limited Duration Income Trust (BLW)


Corporate Bonds		Par (000)		Value
Energy Equipment & Services (continued)
Gates Global LLC/Gates Global Co.:
5.75%, 7/15/22	EUR		100	$	115,098
6.00%, 7/15/22 (e)(f)	USD		759		773,269
Genesis Energy LP/Genesis Energy Finance Corp.:
5.75%, 2/15/21			30		30,450
6.75%, 8/01/22			195		201,094
Halliburton Co., 3.80%, 11/15/25 (f)			100		103,303
Noble Holding International Ltd., 4.63%, 3/01/21			12		10,800
Pattern Energy Group, Inc., 5.88%, 2/01/24 (e)			138		144,210
Pioneer Energy Services Corp., 6.13%, 3/15/22			275		239,250
Precision Drilling Corp.:
6.50%, 12/15/21			100		101,250
5.25%, 11/15/24			134		123,950
Transocean, Inc.:
4.50%, 10/15/17 (f)			414		418,916
6.00%, 3/15/18 (f)			850		871,250
7.38%, 4/15/18			30		31,050
5.80%, 10/15/22			370		345,950
9.00%, 7/15/23 (e)			1,269		1,326,105
6.80%, 3/15/38			176		136,840
Trinidad Drilling Ltd., 6.63%, 2/15/25 (e)			365		363,175
Weatherford International Ltd.:
7.75%, 6/15/21			465		490,752
8.25%, 6/15/23			290		307,400
9.88%, 2/15/24 (e)			326		366,750

					6,657,303
Environmental, Maintenance, & Security Service — 0.1%
Befesa Zinc SAU Via Zinc Capital SA, 8.88%, 5/15/18	EUR		100		112,948
Tervita Escrow Corp., 7.63%, 12/01/21 (e)(f)	USD		642		654,038

					766,986
Food & Staples Retailing — 0.4%
Albertsons Cos. LLC/Safeway, Inc./New Albertson’s, Inc./Albertson’s LLC (e):
6.63%, 6/15/24			226		233,910
5.75%, 3/15/25			224		222,880
B&M European Value Retail SA, 4.13%, 2/01/22	GBP		100		135,288
Casino Guichard Perrachon SA:
4.56%, 1/25/23	EUR		100		125,875
4.50%, 3/07/24			200		248,057
CVS Health Corp., 4.75%, 12/01/22 (f)	USD		165		181,684


Corporate Bonds		Par (000)		Value
Food & Staples Retailing (continued)
Dollar Tree, Inc.:
5.25%, 3/01/20	USD		58	$	59,740
5.75%, 3/01/23 (f)			1,321		1,398,939
Rite Aid Corp., 7.70%, 2/15/27			45		47,700

					2,654,073
Food Products — 0.6%
Acosta, Inc., 7.75%, 10/01/22 (e)			357		301,665
Aramark Services, Inc., 5.13%, 1/15/24 (f)			478		504,290
Arcor SAIC, 6.00%, 7/06/23 (e)			403		433,225
B&G Foods, Inc., 5.25%, 4/01/25			143		148,005
Chobani LLC/Chobani Finance Corp., Inc., 7.50%, 4/15/25 (e)			316		332,337
Clearwater Seafoods, Inc., 6.88%, 5/01/25 (e)			75		78,375
JBS USA LLC/JBS USA Finance, Inc. (e):
7.25%, 6/01/21			40		39,900
5.88%, 7/15/24			140		136,500
5.75%, 6/15/25			487		472,694
Marfrig Holdings Europe BV, 8.00%, 6/08/23 (e)(f)			205		212,585
Minerva Luxembourg SA, 6.50%, 9/20/26 (e)			244		241,865
Post Holdings, Inc. (e):
5.50%, 3/01/25			104		108,940
5.00%, 8/15/26			235		236,469
TreeHouse Foods, Inc., 6.00%, 2/15/24 (e)(f)			383		408,853
WhiteWave Foods Co., 5.38%, 10/01/22			168		189,289

					3,844,992
Health Care Equipment & Supplies — 0.6%
Crimson Merger Sub, Inc., 6.63%, 5/15/22 (e)(f)			877		835,342
DJO Finco, Inc./DJO Finance LLC/DJO Finance Corp., 8.13%, 6/15/21 (e)(f)			1,116		1,037,880
Fresenius Medical Care US Finance II, Inc., 4.75%, 10/15/24 (e)			115		121,326
IASIS Healthcare LLC/IASIS Capital Corp., 8.38%, 5/15/19			235		237,938
Mallinckrodt International Finance SA/Mallinckrodt CB LLC (e):
4.88%, 4/15/20 (f)			284		284,000
5.75%, 8/01/22			330		326,081
5.63%, 10/15/23			90		86,400
5.50%, 4/15/25			57		52,298
Teleflex, Inc.:
3.88%, 8/01/17 (i)			75		244,641
5.25%, 6/15/24			250		258,750



8	BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2017


Schedule of Investments (continued)		BlackRock Limited Duration Income Trust (BLW)


Corporate Bonds		Par (000)		Value
Health Care Equipment & Supplies (continued)
Teleflex, Inc. (continued):
4.88%, 6/01/26	USD		56	$	57,400
Thermo Fisher Scientific, Inc., 3.00%, 4/15/23 (f)			305		309,926

					3,851,982
Health Care Providers & Services — 3.2%
Acadia Healthcare Co., Inc.:
5.13%, 7/01/22			105		107,100
5.63%, 2/15/23			262		272,153
6.50%, 3/01/24			61		65,118
Aetna, Inc., 2.80%, 6/15/23 (f)			340		340,608
Alere, Inc., 6.38%, 7/01/23 (e)(f)			328		354,650
Amsurg Corp., 5.63%, 7/15/22 (f)			618		644,960
Centene Corp.:
5.63%, 2/15/21			359		374,932
4.75%, 5/15/22 (f)			314		327,502
6.13%, 2/15/24			37		40,203
4.75%, 1/15/25			430		443,975
CHS/Community Health Systems, Inc.:
8.00%, 11/15/19			154		154,770
7.13%, 7/15/20			343		337,855
5.13%, 8/01/21			1,035		1,047,937
6.88%, 2/01/22 (f)			380		337,725
6.25%, 3/31/23			588		609,609
DaVita, Inc., 5.13%, 7/15/24 (f)			530		539,275
Eagle Holding Co. II LLC, (7.63% Cash or 8.38% PIK), 7.63%, 5/15/22 (e)(g)			258		266,135
Envision Healthcare Corp., 5.13%, 7/01/22 (e)			165		169,125
HCA, Inc.:
6.50%, 2/15/20 (f)			911		1,000,961
7.50%, 2/15/22 (f)			342		394,155
5.88%, 3/15/22 (f)			57		63,270
4.75%, 5/01/23			38		40,533
5.88%, 5/01/23			70		76,432
5.00%, 3/15/24 (f)			900		964,260
5.38%, 2/01/25 (f)			936		983,970
5.25%, 4/15/25 (f)			1,053		1,149,750
5.88%, 2/15/26 (f)			426		462,742
5.25%, 6/15/26 (f)			268		291,128
4.50%, 2/15/27			308		316,870
HealthSouth Corp.:
5.75%, 11/01/24 (f)			80		82,600
5.75%, 9/15/25			102		106,080
Hologic, Inc.:
5.25%, 7/15/22 (e)(f)			439		460,950
Series 2012, 2.00%, 3/01/42 (j)			274		388,566
MEDNAX, Inc., 5.25%, 12/01/23 (e)(f)			201		204,015


Corporate Bonds		Par (000)		Value
Health Care Providers & Services (continued)
Molina Healthcare, Inc., 4.88%, 6/15/25 (e)(h)	USD		108	$	108,810
MPH Acquisition Holdings LLC, 7.13%, 6/01/24 (e)			737		787,632
New Amethyst Corp., 6.25%, 12/01/24 (e)			392		419,440
RegionalCare Hospital Partners Holdings, Inc., 8.25%, 5/01/23 (e)			341		364,870
Sterigenics-Nordion Holdings LLC, 6.50%, 5/15/23 (e)			104		107,120
Surgery Center Holdings, Inc., 8.88%, 4/15/21 (e)			71		75,881
Tenet Healthcare Corp.:
6.25%, 11/01/18 (f)			92		97,060
4.75%, 6/01/20 (f)			520		537,550
4.63%, 6/15/20 (d)(f)			805		811,037
6.00%, 10/01/20			241		258,171
4.50%, 4/01/21			105		107,762
8.13%, 4/01/22			216		227,880
6.75%, 6/15/23 (f)			1,011		1,005,773
UnitedHealth Group, Inc., 3.75%, 7/15/25 (f)			1,470		1,555,786
Vizient, Inc., 10.38%, 3/01/24 (e)			75		86,438
WellCare Health Plans, Inc., 5.25%, 4/01/25			85		89,569

					20,060,693
Health Care Technology — 0.1%
Change Healthcare Holdings LLC/Change Healthcare Finance, Inc., 5.75%, 3/01/25 (e)			238		244,545
Quintiles IMS, Inc., 3.25%, 3/15/25 (e)	EUR		100		115,424

					359,969
Hotels, Restaurants & Leisure — 4.0%
Burger King France SAS, 5.25%, 5/01/23 (d)			100		116,053
Caesars Entertainment Resort Properties LLC/Caesars Entertainment Resort Property, 8.00%, 10/01/20 (f)	USD		2,225		2,305,656
Cemex Finance LLC, 9.38%, 10/12/22 (e)			330		352,440
Codere Finance 2 Luxembourg SA, 6.75%, 11/01/21	EUR		100		116,590
Eldorado Resorts, Inc., 6.00%, 4/01/25 (e)	USD		86		90,408
ESH Hospitality, Inc., 5.25%, 5/01/25 (e)(f)			130		132,839
GLP Capital LP/GLP Financing II, Inc., 5.38%, 4/15/26			95		102,838



BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2017	9


Schedule of Investments (continued)		BlackRock Limited Duration Income Trust (BLW)


Corporate Bonds		Par (000)		Value
Hotels, Restaurants & Leisure (continued)
International Game Technology PLC, 4.75%, 2/15/23	EUR		125	$	153,761
Jacobs Entertainment, Inc., 7.88%, 2/01/24 (e)	USD		143		150,865
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell of America LLC (e):
5.00%, 6/01/24			35		36,411
5.25%, 6/01/26			152		159,486
McDonald’s Corp., 3.70%, 1/30/26 (f)			405		422,237
Melco Resorts Finance Ltd., 4.88%, 6/06/25 (e)(h)			375		376,626
MGM Resorts International:
5.25%, 3/31/20 (f)			442		470,438
6.75%, 10/01/20 (f)			375		416,719
6.63%, 12/15/21 (f)			960		1,077,600
7.75%, 3/15/22			60		70,350
4.63%, 9/01/26			128		128,160
New Red Finance, Inc. (e):
6.00%, 4/01/22 (f)			1,095		1,139,840
4.25%, 5/15/24			584		584,000
PortAventura Entertainment Barcelona BV, 7.25%, 12/01/20	EUR		100		116,373
Punch Taverns Finance B Ltd., 7.37%, 9/30/21	GBP		56		79,835
RHP Hotel Properties LP/RHP Finance Corp., 5.00%, 4/15/21 (f)	USD		630		644,175
Sabre GLBL, Inc. (e):
5.38%, 4/15/23			147		154,166
5.25%, 11/15/23			242		251,680
Scientific Games International, Inc.:
7.00%, 1/01/22 (e)(f)			773		825,177
10.00%, 12/01/22			853		928,704
Six Flags Entertainment Corp. (e):
4.88%, 7/31/24			446		448,788
5.50%, 4/15/27			146		150,380
Spirit Issuer PLC:
Series A1, 0.89%, 12/28/28 (d)	GBP		445		459,089
Series A2, 3.04%, 12/28/31 (d)			1,800		2,212,829
Series A5, 5.47%, 12/28/28			4,500		6,025,989
Series A6, 2.14%, 12/28/36 (d)			2,670		3,422,979
Station Casinos LLC, 7.50%, 3/01/21 (f)	USD		511		530,163
Thomas Cook Group PLC, 6.25%, 6/15/22	EUR		100		122,220
Unique Pub Finance Co. PLC, Series A4, 5.66%, 6/30/27	GBP		208		300,362


Corporate Bonds		Par (000)		Value
Hotels, Restaurants & Leisure (continued)
Yum! Brands, Inc., 3.88%, 11/01/23	USD		98	$	96,990

					25,173,216
Household Durables — 0.5%
AV Homes, Inc., 6.63%, 5/15/22 (e)			81		82,620
Berkline/Benchcraft LLC, 4.50%, 6/01/18 (a)(b)(c)			200		—
Brookfield Residential Properties, Inc./Brookfield Residential US Corp., 6.13%, 7/01/22 (e)			259		266,122
CalAtlantic Group, Inc.:
8.38%, 1/15/21			134		157,832
5.38%, 10/01/22			6		6,435
5.25%, 6/01/26			41		42,128
Lennar Corp.:
4.50%, 11/15/19			370		385,262
4.75%, 4/01/21			26		27,430
4.13%, 1/15/22			118		120,950
4.75%, 11/15/22			33		34,449
4.88%, 12/15/23			122		127,490
4.75%, 5/30/25			260		267,384
Mattamy Group Corp., 6.88%, 12/15/23 (e)			103		104,288
Meritage Homes Corp., 5.13%, 6/06/27 (e)(h)			91		90,886
PulteGroup, Inc., 6.38%, 5/15/33 (f)			469		487,760
Standard Pacific Corp., 5.88%, 11/15/24			32		34,480
Tempur Sealy International, Inc., 5.50%, 6/15/26 (f)			406		407,705
TRI Pointe Group, Inc.:
4.38%, 6/15/19			110		112,750
4.88%, 7/01/21			190		197,600
5.88%, 6/15/24 (f)			170		178,075
William Lyon Homes, Inc., 5.88%, 1/31/25			95		98,088

					3,229,734
Household Products — 0.2%
ACCO Brands Corp., 5.25%, 12/15/24 (e)			85		87,763
Prestige Brands, Inc., 6.38%, 3/01/24 (e)			150		158,625
Spectrum Brands, Inc., 6.63%, 11/15/22 (f)			815		857,787

					1,104,175
Independent Power and Renewable Electricity Producers — 0.6%
Calpine Corp.:
6.00%, 1/15/22 (e)			33		34,361
5.38%, 1/15/23 (f)			164		160,841



10	BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2017


Schedule of Investments (continued)		BlackRock Limited Duration Income Trust (BLW)


Corporate Bonds		Par (000)		Value
Independent Power and Renewable Electricity Producers (continued)
Calpine Corp. (continued):
5.88%, 1/15/24 (e)	USD		108	$	111,510
Dynegy, Inc.:
6.75%, 11/01/19 (f)			550		565,813
7.38%, 11/01/22			324		319,140
5.88%, 6/01/23			35		32,944
7.63%, 11/01/24			35		33,950
Genneia SA, 8.75%, 1/20/22 (e)			425		454,665
NRG Energy, Inc.:
7.88%, 5/15/21 (f)			198		204,930
6.25%, 7/15/22			600		613,122
6.63%, 3/15/23			40		41,204
6.63%, 1/15/27			597		586,552
NRG Yield Operating LLC, 5.38%, 8/15/24 (f)			135		139,388
QEP Resources, Inc., 5.38%, 10/01/22 (f)			378		369,495
TerraForm Power Operating LLC, 6.38%, 2/01/23 (e)(j)			188		194,580

					3,862,495
Industrial Conglomerates — 0.1%
Vertiv Group Corp, 9.25%, 10/15/24 (e)			422		455,760
Insurance — 1.5%
Allied World Assurance Co. Holdings Ltd., 4.35%, 10/29/25 (f)			360		368,742
American International Group, Inc., 3.75%, 7/10/25 (f)			2,705		2,778,408
Aon PLC, 3.88%, 12/15/25 (f)			1,115		1,157,518
Assicurazioni Generali SpA (d):
7.75%, 12/12/42	EUR		100		137,329
5.50%, 10/27/47			100		122,012
Forethought Financial Group, Inc., 8.63%, 4/15/21 (e)(f)	USD		750		859,098
Groupama SA, 6.00%, 1/23/27	EUR		100		132,286
HUB International Ltd., 7.88%, 10/01/21 (e)(f)	USD		948		990,660
Lincoln National Corp., 3.35%, 3/09/25 (f)			845		849,804
Muenchener Rueckversicherungs AG, 6.00%, 5/26/41 (d)	EUR		400		537,361
Old Mutual PLC, 8.00%, 6/03/21	GBP		100		149,707
Radian Group, Inc., 5.25%, 6/15/20 (f)	USD		355		376,300
USIS Merger Sub, Inc., 6.88%, 5/01/25 (e)			115		116,438
Wayne Merger Sub LLC, 8.25%, 8/01/23 (e)(f)			545		576,338

					9,152,001


Corporate Bonds		Par (000)		Value
Internet Software & Services — 0.3%
Equinix, Inc., 5.88%, 1/15/26 (f)	USD		568	$	617,524
Netflix, Inc.:
4.38%, 11/15/26 (e)(f)			780		781,014
3.63%, 5/15/27	EUR		100		115,171
Symantec Corp., 5.00%, 4/15/25 (e)	USD		283		293,613

					1,807,322
IT Services — 0.7%
Ceridian HCM Holding, Inc., 11.00%, 3/15/21 (e)(f)			404		425,210
First Data Corp. (e)(f):
7.00%, 12/01/23			1,190		1,285,200
5.75%, 1/15/24			2,100		2,218,125
Gartner, Inc., 5.13%, 4/01/25 (e)			174		181,830
Millennium Corp., 0.00%, 12/31/49 (a)			1,779		—
WEX, Inc., 4.75%, 2/01/23 (e)			220		218,900

					4,329,265
Machinery — 0.2%
EnPro Industries, Inc., 5.88%, 9/15/22 (e)			111		115,995
Navistar International Corp., 8.25%, 11/01/21			45		45,534
SPX FLOW, Inc. (e):
5.63%, 8/15/24			292		299,300
5.88%, 8/15/26			157		162,200
Terex Corp., 5.63%, 2/01/25 (e)(f)			399		408,975

					1,032,004
Media — 7.2%
Adria Bidco BV, 7.88%, 11/15/20	EUR		100		117,010
Altice Financing SA (e):
6.63%, 2/15/23	USD		575		611,800
7.50%, 5/15/26 (f)			1,284		1,414,005
Altice Finco SA, 8.13%, 1/15/24 (e)			200		217,500
Altice Luxembourg SA:
7.75%, 5/15/22 (e)(f)			465		494,063
6.25%, 2/15/25	EUR		100		123,664
Altice US Finance I Corp. (e)(f):
5.38%, 7/15/23	USD		946		987,387
5.50%, 5/15/26			439		459,853
AMC Entertainment Holdings, Inc., 6.38%, 11/15/24	GBP		100		138,624
AMC Networks, Inc.:
4.75%, 12/15/22	USD		353		362,266
5.00%, 4/01/24 (f)			267		271,002
Cablevision SA, 6.50%, 6/15/21 (e)			335		355,770
Cablevision Systems Corp.:
8.63%, 9/15/17			51		51,893
7.75%, 4/15/18 (f)			464		483,572



BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2017	11


Schedule of Investments (continued)		BlackRock Limited Duration Income Trust (BLW)


Corporate Bonds		Par (000)		Value
Media (continued)
Cablevision Systems Corp. (continued):
8.00%, 4/15/20	USD		125	$	140,313
CBS Radio, Inc., 7.25%, 11/01/24 (e)			96		101,280
CCO Holdings LLC/CCO Holdings Capital Corp. (f):
5.25%, 9/30/22			380		394,014
5.13%, 2/15/23			270		281,502
5.13%, 5/01/23 (e)			561		590,105
5.13%, 5/01/27 (e)			1,778		1,821,339
5.88%, 5/01/27 (e)			315		335,475
Cequel Communications Holdings I LLC/Cequel Capital Corp. (e):
6.38%, 9/15/20			105		107,625
5.13%, 12/15/21			187		190,740
5.13%, 12/15/21 (f)			640		653,203
7.75%, 7/15/25 (f)			1,276		1,419,550
Charter Communications Operating LLC/Charter Communications Operating Capital, 4.91%, 7/23/25 (f)			2,425		2,632,034
Clear Channel International BV, 8.75%, 12/15/20 (e)(f)			425		450,500
Clear Channel Worldwide Holdings, Inc. (f):
6.50%, 11/15/22			2,044		2,096,526
Series B, 7.63%, 3/15/20			1,468		1,475,340
Columbus Cable Barbados Ltd., 7.38%, 3/30/21 (e)(f)			686		730,933
CSC Holdings LLC (f):
10.13%, 1/15/23 (e)			1,210		1,408,888
5.25%, 6/01/24			550		561,687
6.63%, 10/15/25 (e)			235		258,888
10.88%, 10/15/25 (e)			1,282		1,560,835
Discovery Communications LLC (f):
3.25%, 4/01/23			1,490		1,470,827
3.45%, 3/15/25			170		164,404
DISH DBS Corp.:
5.88%, 7/15/22			626		668,255
5.00%, 3/15/23			205		210,703
5.88%, 11/15/24			103		109,695
7.75%, 7/01/26 (f)			867		1,018,725
DISH Network Corp., 3.38%, 8/15/26 (e)(i)			274		333,081
eircom Finance DAC, 4.50%, 5/31/22	EUR		100		118,085
GTT Communications, Inc., 7.88%, 12/31/24 (e)	USD		115		123,050
Hughes Satellite Systems Corp.:
7.63%, 6/15/21			93		105,555
5.25%, 8/01/26 (f)			483		496,886
6.63%, 8/01/26			98		103,880


Corporate Bonds		Par (000)		Value
Media (continued)
iHeartCommunications, Inc.:
9.00%, 12/15/19	USD		380	$	300,911
9.00%, 9/15/22			755		553,037
10.63%, 3/15/23			944		696,200
Intelsat Jackson Holdings SA:
7.25%, 4/01/19			501		479,708
7.25%, 10/15/20			296		266,400
5.50%, 8/01/23 (f)			416		342,160
LG Finance Co. Corp., 5.88%, 11/01/24 (e)			85		88,613
McGraw-Hill Global Education Holdings LLC/McGraw-Hill Global Education Finance, 7.88%, 5/15/24 (e)			91		88,725
MDC Partners, Inc., 6.50%, 5/01/24 (e)			369		371,768
Midcontinent Communications/Midcontinent Finance Corp. (e):
6.25%, 8/01/21			245		253,575
6.88%, 8/15/23			112		120,820
Nexstar Broadcasting, Inc., 5.63%, 8/01/24 (e)			133		133,998
Numericable Group SA, 5.38%, 5/15/22	EUR		110		128,894
Outfront Media Capital LLC/Outfront Media Capital Corp., 5.25%, 2/15/22	USD		300		312,000
SFR Group SA (e):
6.00%, 5/15/22 (f)			370		387,113
6.25%, 5/15/24			1,400		1,470,000
7.38%, 5/01/26 (f)			2,493		2,697,102
Sirius XM Radio, Inc. (e):
5.75%, 8/01/21 (f)			424		438,840
4.63%, 5/15/23			25		25,391
Sterling Entertainment Corp., 9.75%, 12/15/19 (a)			1,175		1,163,250
TEGNA, Inc.:
5.13%, 10/15/19			197		201,679
5.50%, 9/15/24 (e)			53		54,855
Telesat Canada/Telesat LLC, 8.88%, 11/15/24 (e)			422		472,640
Tribune Media Co., 5.88%, 7/15/22 (f)			269		283,459
Unitymedia Hessen GmbH & Co. KG/Unitymedia NRW GmbH:
5.63%, 4/15/23	EUR		80		95,600
4.00%, 1/15/25			136		161,560
5.00%, 1/15/25 (e)	USD		200		207,250
Univision Communications, Inc. (e)(f):
5.13%, 5/15/23			336		338,308
5.13%, 2/15/25			276		272,550



12	BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2017


Schedule of Investments (continued)		BlackRock Limited Duration Income Trust (BLW)


Corporate Bonds		Par (000)		Value
Media (continued)
UPCB Finance IV Ltd., 4.00%, 1/15/27	EUR		100	$	117,830
Videotron Ltd./Videotron Ltee, 5.13%, 4/15/27 (e)	USD		240		248,400
Virgin Media Finance PLC, 5.75%, 1/15/25 (e)(f)			655		669,737
Virgin Media Secured Finance PLC:
5.13%, 1/15/25	GBP		100		137,123
5.50%, 1/15/25			180		246,416
5.25%, 1/15/26 (e)(f)	USD		555		564,712
5.50%, 8/15/26 (e)(f)			200		206,000
WaveDivision Escrow LLC/WaveDivision Escrow Corp., 8.13%, 9/01/20 (e)(f)			790		821,600
Wind Acquisition Finance SA, 7.38%, 4/23/21 (e)(f)			925		963,850
Ziggo Bond Finance BV:
4.63%, 1/15/25	EUR		137		163,902
5.88%, 1/15/25 (e)(f)	USD		470		480,575

					45,248,883
Metal Fabricating — 0.0%
Park-Ohio Industries, Inc., 6.63%, 4/15/27 (e)			49		51,144
Metals & Mining — 3.8%
Alcoa, Inc.:
5.87%, 2/23/22 (f)			630		688,275
5.13%, 10/01/24 (f)			498		529,374
5.90%, 2/01/27			105		114,713
5.95%, 2/01/37			50		51,500
Anglo American Capital PLC:
4.45%, 9/27/20 (e)			206		214,240
4.13%, 4/15/21 (e)(f)			200		205,780
3.50%, 3/28/22	EUR		100		122,230
4.88%, 5/14/25 (e)(f)	USD		400		414,772
ArcelorMittal:
7.50%, 10/15/39			94		105,261
7.25%, 3/01/41			323		356,915
Cliffs Natural Resources, Inc., 8.25%, 3/31/20 (e)			178		195,800
Constellium NV (e):
8.00%, 1/15/23			677		697,310
6.63%, 3/01/25			1,491		1,438,815
First Quantum Minerals Ltd. (e):
7.00%, 2/15/21 (f)			383		401,116
7.25%, 5/15/22 (f)			356		366,680
7.50%, 4/01/25			534		537,671
FMG Resources August 2006 Property Ltd., 9.75%, 3/01/22 (e)			189		216,523
Freeport-McMoRan, Inc.:
2.30%, 11/14/17			286		285,285
2.38%, 3/15/18			2,781		2,778,219


Corporate Bonds		Par (000)		Value
Metals & Mining (continued)
Freeport-McMoRan, Inc. (continued):
3.10%, 3/15/20	USD		1,540	$	1,515,499
4.00%, 11/14/21			240		234,288
3.55%, 3/01/22			465		434,775
3.88%, 3/15/23			1,528		1,420,123
5.40%, 11/14/34			126		111,510
5.45%, 3/15/43			1,197		1,012,207
Grinding Media, Inc./MC Grinding Media Canada, Inc., 7.38%, 12/15/23 (e)			440		474,650
Joseph T Ryerson & Son, Inc., 11.00%, 5/15/22 (e)			172		195,220
Kaiser Aluminum Corp., 5.88%, 5/15/24			112		118,160
Kinross Gold Corp.:
5.95%, 3/15/24			40		43,700
6.88%, 9/01/41			65		68,250
Novelis Corp. (e)(f):
6.25%, 8/15/24			1,088		1,146,317
5.88%, 9/30/26			988		1,022,580
Nyrstar Netherlands Holdings BV, 6.88%, 3/15/24	EUR		100		115,975
Peabody Energy Corp. (e):
6.00%, 3/31/22	USD		64		64,320
6.38%, 3/31/25			102		102,000
Steel Dynamics, Inc.:
5.13%, 10/01/21 (f)			645		665,156
6.38%, 8/15/22 (f)			555		575,257
5.25%, 4/15/23 (f)			200		206,750
5.50%, 10/01/24			56		59,290
5.00%, 12/15/26			15		15,263
SunCoke Energy Partners LP/SunCoke Energy Partners Finance Corp., 7.50%, 6/15/25 (e)			225		220,923
Teck Resources Ltd.:
4.50%, 1/15/21			456		476,520
3.75%, 2/01/23			1,077		1,059,499
8.50%, 6/01/24 (e)			380		438,900
6.13%, 10/01/35			91		94,640
6.00%, 8/15/40 (f)			588		596,820
5.20%, 3/01/42 (f)			563		523,590
5.40%, 2/01/43			279		260,865
ThyssenKrupp AG, 1.38%, 3/03/22	EUR		75		83,887
United States Steel Corp., 8.38%, 7/01/21 (e)	USD		320		351,200
VM Holdings SA, 5.38%, 5/04/27 (e)			668		661,988

					24,090,601



BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2017	13


Schedule of Investments (continued)		BlackRock Limited Duration Income Trust (BLW)


Corporate Bonds		Par (000)		Value
Multi-Utilities — 0.3%
Brooklyn Union Gas Co., 3.41%, 3/10/26 (e)(f)	USD		1,475	$	1,508,869
NGL Energy Partners LP/NGL Energy Finance Corp.:
5.13%, 7/15/19			120		120,300
6.88%, 10/15/21			209		211,612
7.50%, 11/01/23 (e)			240		243,000

					2,083,781
Multiline Retail — 0.0%
Neiman Marcus Group Ltd., 8.00%, 10/15/21 (e)(f)			332		171,810
Oil, Gas & Consumable Fuels — 6.8%
Alta Mesa Holdings LP/Alta Mesa Finance Services Corp., 7.88%, 12/15/24 (e)			117