Edgar Filing: BLACKROCK Ltd DURATION INCOME TRUST

BlackRock Limited Duration Income Trust

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number: 811-21349

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

Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809

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

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

Date of fiscal year end: 08/31/2018

Date of reporting period: 05/31/2018

Item 1 – Schedule of Investments

Schedule of Investments (unaudited)

May 31, 2018

BlackRock Limited Duration Income Trust (BLW)

(Percentages shown are based on Net Assets)


Security		Shares		Value
Common Stocks — 0.6%

Chemicals — 0.0%
LyondellBasell Industries NV, Class A			37	$	4,148

Diversified Financial Services — 0.5%
Kcad Holdings I Ltd.^(a)(b)			546,753,936		3,307,861

Health Care Management Services — 0.0%
New Millennium HoldCo, Inc.^(b)			8,511		128

Hotels, Restaurants & Leisure — 0.0%
Caesars Entertainment Corp.^(b)			8,330		101,210

Household Durables — 0.0%
Berkline Benchcraft Equity LLC^(a)(b)(j)			3,155		—

Metals & Mining — 0.0%
Ameriforge Group, Inc.			801		46,058

Utilities — 0.1%
Texgen LLC^(a)(b)			7,331		249,254

Total Common Stocks — 0.6% (Cost — $6,481,691)					3,708,659


		Par (000)
Asset-Backed Securities — 13.0%

Asset-Backed Securities — 12.9%
AIMCO CLO, Series 2014-AA, Class DR, (3 mo. LIBOR US + 3.25%), 5.61%, 07/20/26^(c)(d)	USD		250		250,126
Allegro CLO II Ltd., Series 2014-1A, Class CR, (3 mo. LIBOR US + 3.85%), 6.21%, 01/21/27^(c)(d)			1,000		1,001,185
ALM VI Ltd., Series 2012-6A^(c):
Class B2RR, (3 mo. LIBOR US + 2.05%), 3.77%, 07/15/26^(d)			1,000		1,000,212
Class BR3, 1.00%, 07/15/26^(e)			1,000		1,000,000
ALM XII Ltd., Series 2015-12A, Class C1R2, 4.74%, 04/16/27^(a)(c)(e)			1,000		999,500
ALM XVI Ltd./ALM XVI LLC, Series 2015-16A, Class C2R, (3 mo. LIBOR US + 3.20%), 5.55%, 07/15/27^(c)(d)			270		270,204
ALM XVII Ltd., Series 2015-17A, Class D, (3 mo. LIBOR US + 6.35%), 8.70%, 01/15/28^(c)(d)(f)			1,000		1,003,391
AmeriCredit Automobile Receivables, Series 2014-3, Class C, 2.58%, 09/08/20			3,846		3,845,822
AMMC CLO Ltd.^(c)(d):
Series 2014-15A, Class D, (3 mo. LIBOR US + 4.20%), 6.26%, 12/09/26			2,000		2,017,006
Series 2016-18A, Class E1, (3 mo. LIBOR US + 6.67%), 8.99%, 05/26/28^(f)			500		500,134


Security		Par (000)		Value
Asset-Backed Securities (continued)
Anchorage Capital CLO Ltd.^(c):
Series 2014-3RA, Class E, 7.86%, 01/28/31^(e)	USD		850	$	836,970
Series 2014-4RA, Class D, 4.96%, 01/28/31^(e)			250		248,909
Series 2014-5RA, Class E, 7.75%, 01/15/30^(e)			860		863,171
Series 2015-7A, Class DR, 5.05%, 10/15/27^(e)			1,000		992,919
Series 2016-8A, Class E, (3 mo. LIBOR US + 6.50%), 8.86%, 07/28/28^(d)			1,000		1,006,946
Series 2016-9A, Class D, (3 mo. LIBOR US + 4.00%), 6.35%, 01/15/29^(d)			350		352,596
Ares XL CLO Ltd., Series 2016-40A, Class D, (3 mo. LIBOR US + 6.60%), 8.95%, 10/15/27^(c)(d)			500		507,356
Battalion CLO XI Ltd., Series 2017-11A, Class E, 8.34%, 10/24/29^(c)(e)			325		326,878
Benefit Street Partners CLO XII Ltd., Series 2017-12A, Class D, 8.76%, 10/15/30^(c)(e)			500		510,303
BlueMountain CLO Ltd., Series 2012-2A, Class DR, (3 mo. LIBOR US + 4.15%), 6.48%, 11/20/28^(c)(d)			1,000		1,008,480
Carlyle Global Market Strategies CLO Ltd.^(c)(d):
Series 2014-3A, Class D1, (3 mo. LIBOR US + 5.10%), 7.47%, 07/27/26			1,000		1,000,133
Series 2014-4A, Class E, (3 mo. LIBOR US + 5.20%), 7.55%, 10/15/26			500		500,450
Series 2015-1A, Class CR, (3 mo. LIBOR US + 2.00%), 4.36%, 04/20/27			600		600,641
Credit Suisse ABS Repackaging Trust, Series 2013-A, Class B, 2.50%, 01/25/30^(c)			581		541,074
DCP Rights LLC, Series 2014-1A, Class A, 5.46%, 10/25/44^(c)			3,060		3,065,981
Dryden 64 CLO Ltd., Series 2018-64A, Class D, 4.87%, 04/18/31^(a)(c)(e)			250		248,750
Galaxy CLO Ltd., Series 2015-21A, 7.61%, 04/20/31^(c)(e)			500		485,560
Highbridge Loan Management Ltd., Series 5A-2015, Class E, (3 mo. LIBOR US + 5.35%), 7.71%, 01/29/26^(c)(d)			1,000		1,001,382
HPS Loan Management Ltd., Series 9A-2016, Class D2, (3 mo. LIBOR US + 6.45%), 8.81%, 07/19/27^(c)(d)			1,000		1,006,132


			1

Schedule of Investments (unaudited) (continued)

May 31, 2018

BlackRock Limited Duration Income Trust (BLW)


Security		Par (000)		Value
Asset-Backed Securities (continued)
Lendmark Funding Trust, Series 2017-2A, Class A, 2.80%, 05/20/26^(c)	USD		2,240	$	2,224,476
Litigation Fee Residual Funding, 4.00%, 10/30/27^(a)			1,396		1,393,746
Madison Park Funding X Ltd., Series 2012-10A, Class ER, (3 mo. LIBOR US + 7.62%), 9.98%, 01/20/29^(c)(d)			500		514,191
Madison Park Funding XI Ltd., Series 2013-11A, Class ER, 8.81%, 07/23/29^(c)(e)			250		250,941
Madison Park Funding XIII Ltd., Series 2014-13A, Class ER, 8.11%, 04/19/30^(a)(c)(e)			1,250		1,252,789
Madison Park Funding XIV Ltd., Series 2014-14A, Class E, (3 mo. LIBOR US + 4.75%), 7.11%, 07/20/26^(c)(d)			1,000		1,003,345
Madison Park Funding XV Ltd., Series 2014-15A, Class B1R, (3 mo. LIBOR US + 2.20%), 4.57%, 01/27/26^(c)(d)			1,500		1,502,249
Neuberger Berman CLO XX Ltd., Series 2015-20A, Class ER, 7.35%, 01/15/28^(c)(e)			1,250		1,251,196
Oaktree CLO Ltd., Series 2015-1A, Class DR, 7.56%, 10/20/27^(c)(e)			500		500,085
Octagon Investment Partners LLC, Series 2017-1A, Class E, (3 mo. LIBOR US + 6.30%), 8.66%, 07/20/30^(c)(d)			500		509,787
OneMain Financial Issuance Trust, Series 2015-2A, Class C, 4.32%, 07/18/25^(c)			4,000		3,992,011
OZLM IX Ltd., Series 2014-9A Class CR, (3 mo. LIBOR US + 3.55%), 5.91%, 01/20/27^(c)(d)			1,000		1,001,306
OZLM VII Ltd., Series 2014-7A, Class CR, (3 mo. LIBOR US + 3.50%), 5.85%, 07/17/26^(c)(d)			250		250,445
OZLM VIII Ltd., Series 2014-8A^(c)(d):
Class BR, (3 mo. LIBOR US + 2.25%), 4.60%, 10/17/26			2,500		2,502,513
Class CR, (3 mo. LIBOR US + 3.40%), 5.75%, 10/17/26			500		500,713
OZLM XII Ltd., Series 2015-12A, Class C, (3 mo. LIBOR US + 3.70%), 6.06%, 04/30/27^(c)(d)			1,000		1,001,245
OZLM XIX Ltd., Series 2017-19A, Class D, 8.95%, 11/22/30^(c)(e)			500		516,345
OZLM XV Ltd., Series 2016-15A, Class C, (3 mo. LIBOR US + 4.00%), 6.36%, 01/20/29^(c)(d)			1,000		1,011,004
OZLM XXI, Series 2017-21A, Class D, 7.29%, 01/20/31^(c)(e)			500		502,213


Security		Par (000)		Value
Asset-Backed Securities (continued)
Park Avenue Institutional Advisers CLO Ltd., Series 2017-1A, Class D, 8.05%, 11/14/29^(c)(e)	USD		1,750	$	1,767,546
Regatta V Funding Ltd., Series 2014-1A, Class BR, (3 mo. LIBOR US + 2.30%), 4.66%, 10/25/26^(c)(d)			2,000		2,002,913
Rockford Tower CLO Ltd.^(c)(d):
Series 2017-1A, Class D, (3 mo. LIBOR US + 3.25%), 5.60%, 04/15/29			250		250,376
Series 2017-2A, Class D, (3 mo. LIBOR US + 3.45%), 5.80%, 10/15/29			500		503,058
Santander Drive Auto Receivables Trust:
Series 2014-3, Class D, 2.65%, 08/17/20			3,607		3,606,888
Series 2014-4, Class C, 2.60%, 11/16/20			694		694,034
Series 2014-4, Class D, 3.10%, 11/16/20			4,500		4,510,103
Shackleton CLO Ltd., Series 2013-3A, Class DR, 4.74%, 07/15/30^(c)(e)			500		496,294
Sound Point CLO VII Ltd., Series 2014-3A, Class D, (3 mo. LIBOR US + 3.60%), 5.96%, 01/23/27^(c)(d)			2,000		2,004,126
Sound Point CLO XIV Ltd., Series 2016-3A, Class E, (3 mo. LIBOR US + 6.65%), 9.01%, 01/23/29^(c)(d)			1,000		1,022,290
Symphony CLO XV Ltd., Series 2014-15A, Class CR, (3 mo. LIBOR US + 2.20%), 4.55%, 10/17/26^(c)(d)			1,250		1,248,326
Symphony CLO XVIII Ltd., Series 2016-18A, Class D, (3 mo. LIBOR US + 4.00%), 6.36%, 01/23/28^(c)(d)			1,000		1,012,313
Thayer Park CLO Ltd., Series 2017-1A, Class D, (3 mo. LIBOR US + 6.10%), 8.46%, 04/20/29^(c)(d)			500		510,168
THL Credit Wind River CLO Ltd., Series 2014-3A, Class E, (3 mo. LIBOR US + 5.60%), 7.96%, 01/22/27^(c)(d)			1,000		1,001,470
TICP CLO VII Ltd., Series 2017-7A, Class E, (3 mo. LIBOR US + 6.51%), 8.86%, 07/15/29^(c)(d)			500		510,878
Venture XXVI CLO Ltd., Series 2017-26A^(c)(d):
Class D, (3 mo. LIBOR US + 4.25%), 6.61%, 01/20/29			1,000		1,015,260
Class E, (3 mo. LIBOR US + 6.80%), 9.16%, 01/20/29			500		509,822


2

Schedule of Investments (unaudited) (continued)

May 31, 2018

BlackRock Limited Duration Income Trust (BLW)


Security		Par (000)		Value
Asset-Backed Securities (continued)
Vibrant CLO IV Ltd., Series 2016-4A, Class D, (3 mo. LIBOR US + 4.50%), 6.86%, 07/20/28^(c)(d)	USD		1,000	$	1,012,144
Voya CLO Ltd., Series 2014-4A, Class CR, (3 mo. LIBOR US + 3.00%), 5.35%, 10/14/26^(c)(d)			2,500		2,500,199
Wellfleet CLO Ltd., Series 2017-3A, Class B, 3.68%, 01/17/31^(c)(e)			500		500,417
World Financial Network Credit Card Master Trust, Series 2012-C, Class B, 3.57%, 08/15/22			3,000		3,010,084
York CLO Ltd.^(c):
Series 2015-1A, Class ER, 8.01%, 01/22/31^(e)			250		248,664
Series 2016-1A, Class DR, (3 mo. LIBOR US + 3.60%), 5.96%, 10/20/29^(d)			250		252,060
Series 2016-2A, Class E, (3 mo. LIBOR US + 6.94%), 9.30%, 01/20/30^(d)			1,000		1,015,780

					79,878,024
Interest Only Asset-Backed Securities — 0.1%
Sterling Bank Trust, Series 2004-2, Class Note, 2.08%, 03/30/30^(a)(c)			3,473		187,779
Sterling Coofs Trust, Series 2004-1, Class A, 2.00%, 04/15/29^(a)			2,727		139,344

					327,123

Total Asset-Backed Securities — 13.0% (Cost — $80,111,873)					80,205,147


Corporate Bonds — 61.8%

Aerospace & Defense — 1.6%
Arconic, Inc.:
5.87%, 02/23/22^(g)			730		762,923
5.13%, 10/01/24^(g)			742		744,782
5.90%, 02/01/27			155		156,798
6.75%, 01/15/28			54		57,330
BBA US Holdings, Inc., 5.38%, 05/01/26^(c)			271		271,677
Bombardier, Inc.^(c):
7.75%, 03/15/20			660		701,250
8.75%, 12/01/21^(g)			631		700,410
6.00%, 10/15/22			19		18,854
6.13%, 01/15/23^(g)			833		829,876
7.50%, 12/01/24^(g)			774		806,895
7.50%, 03/15/25^(g)			1,277		1,318,630
7.45%, 05/01/34			188		190,350
EnPro Industries, Inc., 5.88%, 09/15/22			111		113,498


Security		Par (000)		Value
Aerospace & Defense (continued)
KLX, Inc., 5.88%, 12/01/22^(c)(g)	USD		788	$	823,460
Koppers, Inc., 6.00%, 02/15/25^(c)			225		228,094
Kratos Defense & Security Solutions, Inc., 6.50%, 11/30/25^(c)			198		205,425
Moog, Inc., 5.25%, 12/01/22^(c)			270		275,737
Pioneer Holdings LLC/Pioneer Finance Corp., 9.00%, 11/01/22^(c)			162		167,670
TransDigm UK Holdings PLC, 6.88%, 05/15/26^(c)			400		408,000
TransDigm, Inc.:
6.00%, 07/15/22^(g)			996		1,009,695
6.50%, 07/15/24^(g)			178		181,560
6.50%, 05/15/25			29		29,418

					10,002,332
Air Freight & Logistics — 0.2%
XPO Logistics, Inc., 6.50%, 06/15/22^(c)(g)			1,043		1,068,032

Airlines — 1.8%
Air Canada Pass-Through Trust, Series 2015-1, Class B, 3.88%, 09/15/24^(c)(g)			1,224		1,199,015
American Airlines Pass-Through Trust:
Series 2013-2, Class A, 4.95%, 07/15/24^(g)			2,696		2,790,295
Series 2013-2, Class B, 5.60%, 01/15/22^(c)(g)			372		378,156
Series 2017-1, Class B, 4.95%, 08/15/26			1,438		1,459,976
Avianca Holdings SA/Avianca Leasing LLC/Grupo Taca Holdings Ltd., 8.38%, 05/10/20			239		242,585
Latam Finance Ltd., 6.88%, 04/11/24^(c)			203		198,433
United Airlines Pass-Through Trust:
Series 2014-2, Class B, 4.63%, 03/03/24^(g)			1,759		1,772,001
Series 2015-1, Class A, 3.70%, 06/01/24			2,430		2,407,887
US Airways Pass-Through Trust, Series 2011-1, Class B, 9.75%, 04/22/20			315		320,832
Virgin Australia Trust, Series 2013-1^(c)(g):
Class A, 5.00%, 04/23/25			304		310,829
Class C, 7.13%, 10/23/18			171		172,598

					11,252,607
Auto Components — 0.4%
Allison Transmission, Inc., 5.00%, 10/01/24^(c)			28		27,790
Aptiv PLC, 4.40%, 10/01/46			240		226,424
Gestamp Funding Luxembourg SA, 3.50%, 05/15/23	EUR		100		119,879


			3

Schedule of Investments (unaudited) (continued)

May 31, 2018

BlackRock Limited Duration Income Trust (BLW)


Security		Par (000)		Value
Auto Components (continued)
Goodyear Tire & Rubber Co., 5.00%, 05/31/26	USD		67	$	63,483
HP Pelzer Holding GmbH, 4.13%, 04/01/24	EUR		100		118,214
Icahn Enterprises LP/Icahn Enterprises Finance Corp.:
6.00%, 08/01/20	USD		28		28,525
6.25%, 02/01/22			299		306,101
6.75%, 02/01/24			279		285,278
6.38%, 12/15/25			149		148,441
IHO Verwaltungs GmbH^(h):
(2.75% Cash or 3.50% PIK), 2.75%, 09/15/21	EUR		100		118,776
(3.25% Cash or 4.00% PIK), 3.25%, 09/15/23			100		119,957
(3.75% Cash or 4.50% PIK), 3.75%, 09/15/26			100		121,631
(4.13% Cash or 4.88% PIK), 4.13%, 09/15/21^(c)	USD		200		198,000
(4.50% Cash or 5.25% PIK), 4.50%, 09/15/23^(c)			200		192,750
Tesla, Inc., 5.30%, 08/15/25^(c)(g)			496		430,280
Volvo Car AB, 2.00%, 01/24/25	EUR		100		116,174

					2,621,703
Automobiles — 0.4%
General Motors Co., 3.50%, 10/02/18^(g)	USD		2,478		2,485,031

Banks — 2.0%
Allied Irish Banks PLC(5 year EUR Swap + 3.95%), 4.13%, 11/26/25⁽ⁱ⁾	EUR		100		122,968
Alpha Bank AE, 2.50%, 02/05/23			100		116,098
Banco Espirito Santo SA, 4.00%, 01/21/19^(b)(j)			100		33,318
Banco Popolare, 2.75%, 07/27/20			100		117,361
Bank of Ireland(5 year EUR Swap + 3.55%), 4.25%, 06/11/24⁽ⁱ⁾			100		120,404
Bankia SA(5 year EUR Swap + 3.35%), 3.38%, 03/15/27⁽ⁱ⁾			100		120,112
Barclays PLC:
4.38%, 09/11/24	USD		580		562,798
3.65%, 03/16/25^(g)			3,600		3,383,680
5.20%, 05/12/26			200		195,994
CaixaBank SA(5 year EUR Swap + 3.35%), 3.50%, 02/15/27⁽ⁱ⁾	EUR		100		121,538
CIT Group, Inc.:
5.00%, 08/01/23^(g)	USD		582		587,820
5.25%, 03/07/25			177		179,655
6.13%, 03/09/28			98		100,205
HSBC Holdings PLC, 4.38%, 11/23/26^(g)			395		389,569


Security		Par (000)		Value
Banks (continued)
IKB Deutsche Industriebank AG, 4.00%, 01/31/28^(e)	EUR		100	$	116,001
Inversiones Atlantida SA, 8.25%, 07/28/22^(c)	USD		370		387,575
National Bank of Greece SA, 2.75%, 10/19/50	EUR		100		118,655
Nordea Bank AB, 4.50%, 03/26/20			1,020		1,284,461
Santander Holdings USA, Inc., 4.50%, 07/17/25^(g)	USD		1,750		1,731,684
Santander UK Group Holdings PLC, 2.88%, 08/05/21^(g)			950		927,991
Standard Chartered PLC, 3.89%, 03/15/24^(c)(e)(g)			1,500		1,477,938

					12,195,825
Beverages — 0.6%
Anheuser-Busch InBev Finance, Inc., 3.30%, 02/01/23^(g)			3,000		2,985,849
Central American Bottling Corp., 5.75%, 01/31/27^(c)			176		176,440
OI European Group BV, 4.00%, 03/15/23^(c)			270		253,800

					3,416,089
Biotechnology — 0.1%
Illumina, Inc., 0.50%, 06/15/21^(k)			303		396,883
Senvion Holding GmbH, 3.88%, 10/25/22	EUR		100		100,979

					497,862
Building Materials — 0.1%
American Woodmark Corp., 4.88%, 03/15/26^(c)	USD		97		92,635
Jeld-Wen, Inc., 4.63%, 12/15/25^(c)			93		87,885
Titan Global Finance PLC, 3.50%, 06/17/21	EUR		100		121,289

					301,809
Building Products — 0.3%
American Builders & Contractors Supply Co., Inc., 5.75%, 12/15/23^(c)	USD		184		186,530
Beacon Escrow Corp., 4.88%, 11/01/25^(c)			319		293,480
Building Materials Corp. of America, 6.00%, 10/15/25^(c)(g)			260		262,600
CPG Merger Sub LLC, 8.00%, 10/01/21^(c)(g)			324		330,885
Jeld-Wen, Inc., 4.88%, 12/15/27^(c)			64		59,520
Masonite International Corp., 5.63%, 03/15/23^(c)(g)			479		492,891


4

Schedule of Investments (unaudited) (continued)

May 31, 2018

BlackRock Limited Duration Income Trust (BLW)


Security		Par (000)		Value
Building Products (continued)
Standard Industries, Inc.^(c):
5.50%, 02/15/23	USD		66	$	67,403
5.38%, 11/15/24			126		123,795
USG Corp.^(c):
5.50%, 03/01/25			11		11,426
4.88%, 06/01/27			198		197,317

					2,025,847
Cable Television Services — 0.0%
CB Escrow Corp., 8.00%, 10/15/25^(c)			146		136,510

Capital Markets — 0.6%
Blackstone CQP Holdco LP^(c):
6.50%, 03/20/21			2,040		2,040,000
6.00%, 08/18/21			332		331,170
Lions Gate Capital Holdings LLC, 5.88%, 11/01/24^(c)			85		85,000
Morgan Stanley, 4.00%, 07/23/25^(g)			965		970,159
NFP Corp., 6.88%, 07/15/25^(c)			85		83,937

					3,510,266
Chemicals — 1.9%
Alpha 2 BV, (8.75% Cash or 9.50% PIK), 8.75%, 06/01/23^(c)(h)			256		252,480
Alpha 3 BV/Alpha US Bidco, Inc., 6.25%, 02/01/25^(c)(g)			1,061		1,045,085
Axalta Coating Systems Dutch Holding B BV, 3.75%, 01/15/25	EUR		100		121,221
Axalta Coating Systems LLC, 4.88%, 08/15/24^(c)	USD		239		236,013
Blue Cube Spinco, Inc.:
9.75%, 10/15/23			424		484,950
10.00%, 10/15/25			308		358,820
CF Industries, Inc.:
7.13%, 05/01/20			61		64,813
5.15%, 03/15/34			90		82,800
4.95%, 06/01/43			164		136,120
Chemours Co.:
6.63%, 05/15/23			248		260,469
7.00%, 05/15/25			112		120,120
The Chemours Co., 4.00%, 05/15/26^(l)	EUR		183		211,675
Chemours Co., 5.38%, 05/15/27	USD		134		130,315
Cydsa SAB de C.V., 6.25%, 10/04/27^(c)			252		235,620
Eagle Intermediate Global Holding BV/Ruyi US Finance LLC, 7.50%, 05/01/25^(c)			214		218,344
Hexion, Inc., 10.38%, 02/01/22^(c)			184		180,550
Huntsman International LLC:
4.88%, 11/15/20			165		168,506
5.13%, 11/15/22			280		288,400
INEOS Finance PLC, 4.00%, 05/01/23	EUR		100		119,257
INEOS Group Holdings SA, 5.38%, 08/01/24			100		122,119


Security		Par (000)		Value
Chemicals (continued)
Mexichem SAB de CV, 5.50%, 01/15/48^(c)	USD		200	$	171,500
Momentive Performance Materials, Inc., 3.88%, 10/24/21^(g)			1,578		1,664,790
NOVA Chemicals Corp., 4.88%, 06/01/24^(c)			267		255,319
Olin Corp., 5.00%, 02/01/30			117		110,132
Platform Specialty Products Corp.^(c)(g):
6.50%, 02/01/22			2,172		2,226,300
5.88%, 12/01/25			841		809,463
PQ Corp.^(c):
6.75%, 11/15/22^(g)			373		392,583
5.75%, 12/15/25			408		400,860
PSPC Escrow Corp., 6.00%, 02/01/23	EUR		100		120,997
Sherwin-Williams Co., 2.75%, 06/01/22	USD		180		175,346
WR Grace & Co-Conn^(c):
5.13%, 10/01/21			316		325,480
5.63%, 10/01/24			200		207,000

					11,697,447
Commercial Services & Supplies — 1.0%
ADT Corp.:
6.25%, 10/15/21			139		143,170
3.50%, 07/15/22^(g)			285		262,200
4.13%, 06/15/23			284		259,860
4.88%, 07/15/32^(c)			418		328,130
Advanced Disposal Services, Inc., 5.63%, 11/15/24^(c)			161		161,000
Booz Allen Hamilton, Inc., 5.13%, 05/01/25^(c)(g)			204		199,920
CD&R Waterworks Merger Sub LLC, 6.13%, 08/15/25^(c)			410		393,600
Fortress Transportation & Infrastructure Investors LLC, 6.75%, 03/15/22^(c)			71		71,710
Harland Clarke Holdings Corp., 8.38%, 08/15/22^(c)			414		415,035
KAR Auction Services, Inc., 5.13%, 06/01/25^(c)			285		270,750
La Financiere Atalian SAS:
4.00%, 05/15/24	EUR		100		110,608
5.13%, 05/15/25			100		113,954
Mobile Mini, Inc., 5.88%, 07/01/24^(g)	USD		499		506,485
Paprec Holding SA, 4.00%, 03/31/25	EUR		100		116,905
Park Aerospace Holdings Ltd.^(c):
3.63%, 03/15/21	USD		226		217,525
5.25%, 08/15/22			369		363,926
Pitney Bowes, Inc., 3.38%, 10/01/21^(g)			500		461,250
Ritchie Bros Auctioneers, Inc., 5.38%, 01/15/25^(c)			160		155,800
S&P Global, Inc., 2.50%, 08/15/18^(g)			445		445,046
United Rentals North America, Inc.:
5.75%, 11/15/24^(g)			609		627,270
5.50%, 05/15/27			246		243,540


			5

Schedule of Investments (unaudited) (continued)

May 31, 2018

BlackRock Limited Duration Income Trust (BLW)


Security		Par (000)		Value
Commercial Services & Supplies (continued)
Verisure Holding AB, 6.00%, 11/01/22	EUR		113	$	137,272
Wrangler Buyer Corp., 6.00%, 10/01/25^(c)	USD		219		208,598

					6,213,554
Communications Equipment — 0.7%
CommScope Technologies Finance LLC, 6.00%, 06/15/25^(c)			3		3,008
CommScope Technologies LLC, 5.00%, 03/15/27^(c)			207		193,545
CommScope, Inc.^(c):
5.00%, 06/15/21			465		467,325
5.50%, 06/15/24			102		102,255
Motorola Solutions, Inc., 3.75%, 05/15/22^(g)			1,500		1,496,452
Nokia OYJ:
3.38%, 06/12/22			106		103,350
4.38%, 06/12/27			149		140,289
6.63%, 05/15/39			200		209,472
Zayo Group LLC/Zayo Capital, Inc.^(g):
6.00%, 04/01/23			531		538,301
6.38%, 05/15/25			104		105,430
5.75%, 01/15/27^(c)			1,030		996,525

					4,355,952
Construction & Engineering — 0.5%
Aeropuertos Argentina 2000 SA, 6.88%, 02/01/27^(c)			293		286,853
Aeropuertos Dominicanos Siglo XXI SA, 6.75%, 03/30/29^(c)			293		304,354
BlueLine Rental Finance Corp., 9.25%, 03/15/24^(c)(g)			1,124		1,199,274
Brand Energy & Infrastructure Services, Inc., 8.50%, 07/15/25^(c)			404		413,090
Engility Corp., 8.88%, 09/01/24			216		226,260
SPIE SA, 3.13%, 03/22/24	EUR		100		117,173
SRS Distribution, Inc., 8.25%, 07/01/26^(c)	USD		185		180,144
Tutor Perini Corp., 6.88%, 05/01/25^(c)			219		220,577
Weekley Homes LLC/Weekley Finance Corp., 6.63%, 08/15/25^(c)			61		58,102

					3,005,827
Construction Materials — 0.8%
American Builders & Contractors Supply Co., Inc., 5.88%, 05/15/26^(c)			142		139,515
American Tire Distributors, Inc., 10.25%, 03/01/22^(c)			109		53,410
Beacon Roofing Supply, Inc., 6.38%, 10/01/23			137		141,754
HD Supply, Inc., 5.75%, 04/15/24^(c)(g)			3,676		3,855,205
LKQ Italia Bondco SpA, 3.88%, 04/01/24	EUR		100		122,166


Security		Par (000)		Value
Construction Materials (continued)
Navistar International Corp., 6.63%, 11/01/25^(c)	USD		271	$	279,808
New Enterprise Stone & Lime Co., Inc., 10.13%, 04/01/22^(c)			160		170,000
Rexel SA, 3.50%, 06/15/23	EUR		116		140,071
Williams Scotsman International, Inc., 7.88%, 12/15/22^(c)	USD		109		113,905

					5,015,834
Consumer Discretionary — 0.2%
Elis SA, 1.88%, 02/15/23	EUR		100		115,997
Nielsen Co. Luxembourg SARL, 5.00%, 02/01/25^(c)	USD		79		76,235
Silversea Cruise Finance Ltd., 7.25%, 02/01/25^(c)			56		58,380
Staples, Inc., 8.50%, 09/15/25^(c)			273		253,207
Viking Cruises Ltd.^(c):
6.25%, 05/15/25			398		391,035
5.88%, 09/15/27^(g)			566		529,210

					1,424,064
Consumer Finance — 0.8%
Alliance Data Systems Corp.^(c):
5.88%, 11/01/21^(g)			696		709,050
5.38%, 08/01/22			130		130,650
Ally Financial, Inc., 8.00%, 11/01/31^(g)			911		1,093,200
Credivalores-Crediservicios SAS, 9.75%, 07/27/22^(c)			200		199,500
Navient Corp.:
5.00%, 10/26/20^(g)			310		311,860
6.63%, 07/26/21			113		117,238
6.50%, 06/15/22			375		387,187
5.50%, 01/25/23			134		131,822
7.25%, 09/25/23^(g)			257		270,492
6.13%, 03/25/24			43		43,108
5.88%, 10/25/24			125		123,163
6.75%, 06/25/25			181		184,113
5.63%, 08/01/33			95		81,225
Nexi Capital SpA, 3.63%, 05/01/23^(e)	EUR		100		114,590
OneMain Financial Holdings LLC, 7.25%, 12/15/21^(c)	USD		109		112,979
Springleaf Finance Corp.:
6.13%, 05/15/22			70		71,400
5.63%, 03/15/23			8		7,900
6.88%, 03/15/25			311		309,445
7.13%, 03/15/26			308		307,908

					4,706,830
Containers & Packaging — 1.5%
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc.:
4.63%, 05/15/23^(c)(g)			990		983,515


6

Schedule of Investments (unaudited) (continued)

May 31, 2018

BlackRock Limited Duration Income Trust (BLW)


Security		Par (000)		Value
Containers & Packaging (continued)
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc. (continued):
6.75%, 05/15/24	EUR		100	$	126,404
7.25%, 05/15/24^(c)(g)	USD		2,368		2,471,600
4.75%, 07/15/27^(c)	GBP		100		128,379
4.75%, 07/15/27			100		128,379
Ball Corp.:
5.00%, 03/15/22^(g)	USD		303		312,090
4.00%, 11/15/23			48		47,040
Berry Global, Inc., 4.50%, 02/15/26^(c)			106		99,110
BWAY Holding Co.^(c):
5.50%, 04/15/24^(g)			681		672,487
7.25%, 04/15/25			325		319,118
Crown Americas LLC/Crown Americas Capital Corp.:
4.75%, 02/01/26^(c)			156		147,358
4.25%, 09/30/26			166		150,230
Horizon Holdings I SASU, 7.25%, 08/01/23	EUR		100		121,567
JH-Holding Finance SA, (8.25% PIK), 8.25%, 12/01/22^(h)			100		121,986
Mercer International, Inc.:
6.50%, 02/01/24	USD		113		116,108
5.50%, 01/15/26^(c)			117		114,660
Reynolds Group Issuer, Inc./Reynolds Group Issuer LLC/Reynolds Group Issuer Lu:
5.75%, 10/15/20^(g)			1,029		1,035,625
6.88%, 02/15/21			38		38,500
(3 mo. LIBOR US + 3.50%), 5.85%, 07/15/21^(c)(d)			810		819,477
5.13%, 07/15/23^(c)			175		171,938
7.00%, 07/15/24^(c)(g)			733		752,205
Sealed Air Corp.^(c):
4.88%, 12/01/22			192		195,840
6.88%, 07/15/33			44		48,510
Silgan Holdings, Inc., 3.25%, 03/15/25	EUR		100		118,944
Verallia Packaging SASU, 5.13%, 08/01/22			100		120,377

					9,361,447
Diversified Consumer Services — 0.6%
APX Group, Inc.^(g):
8.75%, 12/01/20	USD		262		251,520
7.88%, 12/01/22			336		331,800
Ascend Learning LLC, 6.88%, 08/01/25^(c)			275		275,000
Carriage Services, Inc., 6.63%, 06/01/26^(c)			152		153,330
Graham Holdings Co., 5.75%, 06/01/26^(c)			173		173,865
Laureate Education, Inc., 8.25%, 05/01/25^(c)			114		120,555


Security		Par (000)		Value
Diversified Consumer Services (continued)
Matthews International Corp., 5.25%, 12/01/25^(c)	USD		62	$	59,985
Prime Security Services Borrower LLC/Prime Finance, Inc., 9.25%, 05/15/23^(c)(g)			1,957		2,070,506
ServiceMaster Co. LLC, 5.13%, 11/15/24^(c)			244		236,375

					3,672,936
Diversified Financial Services — 1.4%
Aircastle Ltd.:
6.25%, 12/01/19^(g)			367		379,845
5.13%, 03/15/21			16		16,380
5.50%, 02/15/22			267		277,680
Arrow Global Finance PLC(3 mo. Euribor + 2.88%), 2.88%, 04/01/25^(d)(f)	EUR		100		113,509
Banca IFIS SpA, 4.50%, 10/17/27^(e)			100		108,722
Docuformas SAPI de C.V., 9.25%, 10/11/22^(c)	USD		421		394,687
FBM Finance, Inc., 8.25%, 08/15/21^(c)			130		136,084
General Motors Financial Co., Inc., 4.38%, 09/25/21^(g)			530		542,980
Gilex Holding Sarl, 8.50%, 05/02/23^(c)			182		185,649
HSBC Holdings PLC, 6.25%^(e)(g)(m)			1,420		1,421,420
Intesa Sanpaolo SpA, 5.02%, 06/26/24^(c)(g)			2,442		2,226,644
Intrum Justitia AB, 2.75%, 07/15/22	EUR		100		114,583
Jefferies Finance LLC/JFIN Co-Issuer Corp.^(c)(g):
7.38%, 04/01/20	USD		290		291,812
6.88%, 04/15/22			480		477,000
LHC3 PLC, (4.13% Cash or 4.88% PIK), 4.13%, 08/15/24^(h)	EUR		101		119,238
Mercury Bondco PLC, (8.25% Cash or 9.00% PIK), 8.25%, 05/30/21^(h)			200		243,732
MSCI, Inc., 5.25%, 11/15/24^(c)	USD		105		106,050
Tempo Acquisition LLC/Tempo Acquisition Finance Corp., 6.75%, 06/01/25^(c)			474		459,330
Travelport Corporate Finance PLC, 6.00%, 03/15/26^(c)			171		171,855
UniCredit SpA(5 year EUR Swap + 4.32%), 4.38%, 01/03/27⁽ⁱ⁾	EUR		100		120,364
Vantiv LLC/Vanity Issuer Corp.^(c):
3.88%, 11/15/25	GBP		100		128,415
4.38%, 11/15/25	USD		200		189,000
WMG Acquisition Corp.:
4.13%, 11/01/24	EUR		100		121,612


			7

Schedule of Investments (unaudited) (continued)

May 31, 2018

BlackRock Limited Duration Income Trust (BLW)


Security		Par (000)		Value
Diversified Financial Services (continued)
WMG Acquisition Corp. (continued):
5.50%, 04/15/26^(c)	USD		120	$	118,800

					8,465,391
Diversified Telecommunication Services — 1.4%
CenturyLink, Inc.:
5.63%, 04/01/25^(g)			668		623,785
Series P, 7.60%, 09/15/39			26		21,970
Series S, 6.45%, 06/15/21^(g)			588		601,994
Series T, 5.80%, 03/15/22			255		251,876
Series U, 7.65%, 03/15/42			246		207,870
Series W, 6.75%, 12/01/23^(g)			245		244,388
Series Y, 7.50%, 04/01/24			267		274,516
Cincinnati Bell, Inc., 7.00%, 07/15/24^(c)			406		363,370
Embarq Corp., 8.00%, 06/01/36			64		60,800
Frontier Communications Corp.:
7.13%, 03/15/19			190		192,375
10.50%, 09/15/22			105		94,500
7.13%, 01/15/23			192		140,880
6.88%, 01/15/25^(g)			318		203,520
11.00%, 09/15/25^(g)			903		722,400
Level 3 Financing, Inc.:
5.38%, 08/15/22			184		184,000
5.63%, 02/01/23			115		115,972
5.13%, 05/01/23^(g)			295		288,377
5.38%, 01/15/24			325		316,875
5.38%, 05/01/25^(g)			303		293,152
5.25%, 03/15/26^(g)			1,583		1,504,641
OTE PLC, 3.50%, 07/09/20	EUR		100		120,827
SoftBank Group Corp.:
(5 year USD ICE Swap + 4.85%), 6.88%^(i)(m)	USD		290		261,725
4.00%, 04/20/23	EUR		100		120,178
Telecom Italia Capital SA:
6.38%, 11/15/33	USD		233		236,495
6.00%, 09/30/34^(g)			671		640,805
7.20%, 07/18/36			202		214,625
7.72%, 06/04/38			21		23,258
Telecom Italia Finance SA, 7.75%, 01/24/33	EUR		37		60,977
Telecom Italia SpA:
5.88%, 05/19/23	GBP		100		147,719
3.63%, 01/19/24	EUR		100		126,683
Verizon Communications, Inc., 3.38%, 02/15/25^(g)	USD		156		150,381

					8,810,934
Electric Utilities — 0.8%
AES Corp., 5.50%, 04/15/25			82		82,820
Black Hills Corp., 3.15%, 01/15/27^(g)			305		284,722
Celeo Redes Operacion Chile SA, 5.20%, 06/22/47^(c)(g)			1,006		988,395


Security		Par (000)		Value
Electric Utilities (continued)
DPL, Inc., 7.25%, 10/15/21	USD		30	$	32,700
Enel Finance International NV, 3.63%, 05/25/27^(c)(g)			900		824,432
Energuate Trust, 5.88%, 05/03/27^(c)			200		191,300
Exelon Corp., 3.40%, 04/15/26^(g)			140		134,158
NextEra Energy Operating Partners LP, 4.25%, 09/15/24^(c)			177		169,035
Pampa Energia SA, 7.50%, 01/24/27^(c)			290		276,863
Southern Co., 2.95%, 07/01/23^(g)			1,920		1,865,955
Talen Energy Supply LLC, 6.50%, 06/01/25			176		136,347
Texas Competitive Electric Holdings Co. LLC/TCEH Finance, Inc.^(a):
10.25%, 11/01/15			47		—
10.50%, 11/01/18			31		87
11.50%, 10/01/20			300		—

					4,986,814
Electrical Equipment — 0.0%
Areva SA, 4.88%, 09/23/24	EUR		100		125,894

Electronic Equipment, Instruments & Components — 0.1%
CDW LLC/CDW Finance Corp.:
5.00%, 09/01/23	USD		72		72,720
5.50%, 12/01/24^(g)			493		507,790
5.00%, 09/01/25			107		105,695
Itron, Inc., 5.00%, 01/15/26^(c)			25		24,000

					710,205
Energy Equipment & Services — 1.0%
Calfrac Holdings LP, 8.50%, 06/15/26^(c)			261		259,290
CSI Compressco LP/CSI Compressco Finance, Inc., 7.50%, 04/01/25^(c)			330		331,650
Ensco PLC:
5.20%, 03/15/25			40		33,500
7.75%, 02/01/26			463		441,007
Gates Global LLC/Gates Global Co., 6.00%, 07/15/22^(c)(g)			609		615,090
Halliburton Co., 3.80%, 11/15/25^(g)			100		99,860
McDermott Escrow 1, Inc./McDermott Escrow 2, Inc., 10.63%, 05/01/24^(c)			246		257,070
Odebrecht Oil & Gas Finance Ltd., 0.00%^(c)(m)(n)	BRL		43		875
Pattern Energy Group, Inc., 5.88%, 02/01/24^(c)	USD		223		225,788
Pioneer Energy Services Corp., 6.13%, 03/15/22			275		261,250
Precision Drilling Corp.:
6.50%, 12/15/21			68		69,374
7.75%, 12/15/23			75		79,313
5.25%, 11/15/24			134		125,960


8

Schedule of Investments (unaudited) (continued)

May 31, 2018

BlackRock Limited Duration Income Trust (BLW)


Security		Par (000)		Value
Energy Equipment & Services (continued)
SESI LLC, 7.75%, 09/15/24	USD		208	$	215,800
Transocean, Inc.:
8.38%, 12/15/21			220		235,950
5.80%, 10/15/22			287		285,565
9.00%, 07/15/23^(c)(g)			636		685,290
7.50%, 01/15/26^(c)			219		222,011
6.80%, 03/15/38			134		112,895
Trinidad Drilling Ltd., 6.63%, 02/15/25^(c)			331		315,278
USA Compression Partners LP/USA Compression Finance Corp., 6.88%, 04/01/26^(c)			277		285,310
Weatherford International Ltd.:
7.75%, 06/15/21^(g)			727		737,905
8.25%, 06/15/23			232		225,040
6.50%, 08/01/36			110		85,800
7.00%, 03/15/38			8		6,360
5.95%, 04/15/42			310		229,400

					6,442,631
Environmental, Maintenance, & Security Service — 0.2%
Hulk Finance Corp., 7.00%, 06/01/26^(c)			262		254,140
Tervita Escrow Corp., 7.63%, 12/01/21^(c)(g)			842		850,420
Waste Pro USA, Inc., 5.50%, 02/15/26^(c)			216		208,440

					1,313,000
Food & Staples Retailing — 0.2%
Albertsons Cos. LLC/Safeway, Inc./New Albertson’s, Inc./Albertson’s LLC:
6.63%, 06/15/24			186		174,896
5.75%, 03/15/25			104		91,541
B&M European Value Retail SA, 4.13%, 02/01/22	GBP		100		135,330
Casino Guichard Perrachon SA, 4.50%, 03/07/24	EUR		200		238,882
Post Holdings, Inc., 5.63%, 01/15/28^(c)	USD		73		68,802
Rite Aid Corp., 6.13%, 04/01/23^(c)			254		260,350

					969,801
Food Products — 0.6%
Acosta, Inc., 7.75%, 10/01/22^(c)			214		127,865
Aramark Services, Inc.:
5.13%, 01/15/24^(g)			417		423,463
5.00%, 04/01/25^(c)			46		46,000
5.00%, 02/01/28^(c)			345		332,063
Arcor SAIC, 6.00%, 07/06/23^(c)			180		180,634
B&G Foods, Inc., 5.25%, 04/01/25			51		47,940
Chobani LLC/Chobani Finance Corp., Inc., 7.50%, 04/15/25^(c)			266		256,025


Security		Par (000)		Value
Food Products (continued)
JBS USA LLC/JBS USA Finance, Inc.^(c):
5.88%, 07/15/24	USD		184	$	176,180
5.75%, 06/15/25^(g)			728		677,040
JBS USA LUX SA/JBS USA Finance, Inc., 6.75%, 02/15/28^(c)			287		271,215
MARB BondCo PLC:
7.00%, 03/15/24			200		189,250
6.88%, 01/19/25^(c)			200		184,500
Minerva Luxembourg SA, 6.50%, 09/20/26^(c)			200		184,250
Pilgrim’s Pride Corp.^(c):
5.75%, 03/15/25			227		219,055
5.88%, 09/30/27			60		56,400
Post Holdings, Inc.^(c):
5.50%, 03/01/25			246		242,310
5.75%, 03/01/27			253		244,699

					3,858,889
Health Care Equipment & Supplies — 1.0%
Avantor, Inc.:
4.75%, 10/01/24	EUR		100		117,444
6.00%, 10/01/24^(c)(g)	USD		1,547		1,539,265
9.00%, 10/01/25^(c)			398		410,935
Crimson Merger Sub, Inc., 6.63%, 05/15/22^(c)(g)			1,482		1,464,468
DJO Finco, Inc./DJO Finance LLC/DJO Finance Corp., 8.13%, 06/15/21^(c)(g)			1,178		1,185,362
Mallinckrodt International Finance SA/Mallinckrodt CB LLC^(c):
4.88%, 04/15/20^(g)			284		273,350
5.75%, 08/01/22			402		347,730
5.63%, 10/15/23^(g)			162		133,853
5.50%, 04/15/25			29		23,130
Teleflex, Inc.:
5.25%, 06/15/24			250		252,500
4.88%, 06/01/26			56		54,600
Thermo Fisher Scientific, Inc., 3.00%, 04/15/23^(g)			305		297,910

					6,100,547
Health Care Providers & Services — 2.9%
Acadia Healthcare Co., Inc.:
5.13%, 07/01/22			85		85,000
5.63%, 02/15/23			90		91,012
6.50%, 03/01/24			196		202,860
Aetna, Inc., 2.80%, 06/15/23^(g)			340		326,644
Amsurg Corp., 5.63%, 07/15/22^(g)			367		373,881
Centene Corp.:
5.63%, 02/15/21			329		337,788
4.75%, 05/15/22^(g)			314		317,140
6.13%, 02/15/24			37		38,896


			9

Schedule of Investments (unaudited) (continued)

May 31, 2018

BlackRock Limited Duration Income Trust (BLW)


Security		Par (000)		Value
Health Care Providers & Services (continued)
Centene Escrow I Corp., 5.38%, 06/01/26^(c)(g)	USD		1,371	$	1,385,670
CHS/Community Health Systems, Inc.:
5.13%, 08/01/21			152		142,833
6.25%, 03/31/23			64		59,680
DaVita, Inc., 5.13%, 07/15/24^(g)			235		229,125
Eagle Holding Co. II LLC, (7.63% Cash or 8.38% PIK), 7.63%, 05/15/22^(c)(h)			258		261,277
Envision Healthcare Corp.^(c):
5.13%, 07/01/22			73		73,183
6.25%, 12/01/24			225		237,420
HCA, Inc.:
5.88%, 03/15/22^(g)			820		862,025
4.75%, 05/01/23			436		438,725
5.00%, 03/15/24^(g)			1,356		1,365,763
5.38%, 02/01/25^(g)			522		512,865
5.25%, 04/15/25^(g)			1,120		1,125,600
5.88%, 02/15/26^(g)			336		338,103
5.25%, 06/15/26^(g)			84		83,685
4.50%, 02/15/27			86		81,485
5.50%, 06/15/47^(g)			913		851,372
HealthSouth Corp., 5.75%, 11/01/24^(g)			80		81,200
MEDNAX, Inc., 5.25%, 12/01/23^(c)(g)			123		121,155
Molina Healthcare, Inc., 4.88%, 06/15/25^(c)			108		102,600
MPH Acquisition Holdings LLC, 7.13%, 06/01/24^(c)(g)			798		827,925
NVA Holdings, Inc., 6.88%, 04/01/26^(c)			403		397,076
Polaris Intermediate Corp., (8.50% Cash), 8.50%, 12/01/22^(c)(g)(h)			924		955,185
Regional Care Hospital Partners Holdings, Inc., 8.25%, 05/01/23^(c)			137		143,679
Sterigenics-Nordion Holdings LLC, 6.50%, 05/15/23^(c)			188		190,350
Surgery Center Holdings, Inc.^(c):
8.88%, 04/15/21			139		142,475
6.75%, 07/01/25^(g)			272		253,640
Team Health Holdings, Inc., 6.38%, 02/01/25^(c)(g)			419		363,482
Tenet Healthcare Corp.:
6.00%, 10/01/20^(g)			613		632,922
7.50%, 01/01/22^(c)			176		184,395
8.13%, 04/01/22^(g)			678		709,357
6.75%, 06/15/23^(g)			645		641,775
4.63%, 07/15/24^(c)			427		410,454
UnitedHealth Group, Inc., 3.75%, 07/15/25^(g)			1,470		1,478,173
Vizient, Inc., 10.38%, 03/01/24^(c)			322		354,200


Security		Par (000)		Value
Health Care Providers & Services (continued)
WellCare Health Plans, Inc., 5.25%, 04/01/25	USD		85	$	84,788

					17,896,863
Health Care Services — 0.0%
Avaya, Inc., Escrow, 7.00%, 04/01/19^(a)(c)			183		—

Health Care Technology — 0.1%
Change Healthcare Holdings LLC/Change Healthcare Finance, Inc., 5.75%, 03/01/25^(c)			234		223,762
Quintiles IMS, Inc.:
3.25%, 03/15/25^(c)	EUR		100		115,286
3.25%, 03/15/25			148		170,624

					509,672
Hotels, Restaurants & Leisure — 3.4%
Boyne USA, Inc., 7.25%, 05/01/25^(c)	USD		80		83,200
Burger King France SAS(3 mo. Euribor + 5.25%), 5.25%, 05/01/23^(d)	EUR		100		117,700
Churchill Downs, Inc., 4.75%, 01/15/28^(c)	USD		64		59,680
Cirsa Funding Luxembourg SA, 5.88%, 05/15/23	EUR		100		119,815
Codere Finance 2 Luxembourg SA, 6.75%, 11/01/21			100		113,140
CPUK Finance Ltd., 4.25%, 02/28/47	GBP		100		133,612
CRC Escrow Issuer LLC/CRC Finco, Inc., 5.25%, 10/15/25^(c)(g)	USD		348		332,340
Eldorado Resorts, Inc., 6.00%, 04/01/25			91		90,545
ESH Hospitality, Inc., 5.25%, 05/01/25^(c)(g)			285		273,771
GLP Capital LP/GLP Financing II, Inc.:
5.38%, 11/01/23			126		129,780
5.25%, 06/01/25			48		48,085
5.38%, 04/15/26			60		59,534
Golden Nugget, Inc., 6.75%, 10/15/24^(c)(g)			396		400,455
International Game Technology PLC, 4.75%, 02/15/23	EUR		125		157,374
IRB Holding Corp., 6.75%, 02/15/26^(c)	USD		140		132,300
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell of America LLC^(c):
5.00%, 06/01/24			35		34,563
5.25%, 06/01/26			368		359,720
4.75%, 06/01/27			5		4,700
McDonald’s Corp., 3.70%, 01/30/26^(g)			405		405,697
Melco Resorts Finance Ltd., 4.88%, 06/06/25^(c)			375		355,017
MGM Resorts International:
5.25%, 03/31/20^(g)			396		404,415


10

Schedule of Investments (unaudited) (continued)

May 31, 2018

BlackRock Limited Duration Income Trust (BLW)


Security		Par (000)		Value
Hotels, Restaurants & Leisure (continued)
MGM Resorts International (continued):
6.75%, 10/01/20	USD		67	$	70,688
6.63%, 12/15/21^(g)			962		1,019,720
7.75%, 03/15/22			354		387,630
4.63%, 09/01/26			11		10,175
New Red Finance, Inc.^(c):
4.25%, 05/15/24			245		232,137
5.00%, 10/15/25^(g)			2,130		2,018,175
RHP Hotel Properties LP/RHP Finance Corp., 5.00%, 04/15/21^(g)			630		633,150
Sabre GLBL, Inc.^(c):
5.38%, 04/15/23			147		148,499
5.25%, 11/15/23			180		180,432
Scientific Games International, Inc.:
10.00%, 12/01/22^(g)			988		1,059,640
5.00%, 10/15/25^(c)(g)			423		408,195
3.38%, 02/15/26	EUR		100		113,106
Six Flags Entertainment Corp.^(c)(g):
4.88%, 07/31/24	USD		795		767,175
5.50%, 04/15/27			61		59,152
Spirit Issuer PLC:
Series A2, (3 mo. LIBOR GBP + 2.70%), 3.39%, 12/28/31^(d)(f)	GBP		1,800		2,321,120
Series A5, 5.47%, 12/28/34			4,500		6,260,358
Station Casinos LLC, 5.00%, 10/01/25^(c)	USD		303		291,183
Unique Pub Finance Co. PLC, Series A4, 5.66%, 06/30/27	GBP		61		89,644
Wyndham Hotels & Resorts, Inc., 5.38%, 04/15/26^(c)	USD		121		120,697
Wyndham Worldwide Corp.:
4.15%, 04/01/24			122		120,641
5.10%, 10/01/25			13		13,440
4.50%, 04/01/27			48		47,389
Wynn Macau Ltd., 5.50%, 10/01/27^(c)			600		579,000
Yum! Brands, Inc., 3.88%, 11/01/23			98		93,590

					20,860,379
Household Durables — 0.8%
Algeco Scotsman Global Finance PLC, 8.00%, 02/15/23^(c)			400		399,000
Berkline/Benchcraft LLC, 4.50%, 06/01/18^(a)			200		—
Brookfield Residential Properties, Inc./Brookfield Residential US Corp., 6.13%, 07/01/22^(c)			259		261,616
CalAtlantic Group, Inc., 6.25%, 12/15/21			380		408,210
K Hovnanian Enterprises, Inc., 10.00%, 07/15/22^(c)			204		216,750
Lennar Corp.:
4.50%, 11/15/19			370		373,237
8.38%, 01/15/21^(c)			134		147,400
4.75%, 04/01/21			26		26,252


Security		Par (000)		Value
Household Durables (continued)
Lennar Corp. (continued):
4.13%, 01/15/22	USD		118	$	116,451
5.38%, 10/01/22^(c)			6		6,150
4.75%, 11/15/22			151		150,260
4.88%, 12/15/23			122		121,695
4.75%, 05/30/25			260		252,200
5.25%, 06/01/26^(c)			28		27,440
4.75%, 11/29/27^(c)			360		335,700
Mattamy Group Corp.^(c):
6.88%, 12/15/23			143		147,111
6.50%, 10/01/25			176		173,971
MDC Holdings, Inc., 6.00%, 01/15/43			182		163,117
Meritage Homes Corp., 5.13%, 06/06/27			77		71,995
PulteGroup, Inc., 6.38%, 05/15/33^(g)			469		478,380
Tempur Sealy International, Inc., 5.50%, 06/15/26^(g)			180		173,700
TRI Pointe Group, Inc.:
4.38%, 06/15/19			110		110,000
4.88%, 07/01/21			112		112,280
5.88%, 06/15/24^(g)			248		246,686
5.25%, 06/01/27			15		13,983
William Lyon Homes, Inc.:
6.00%, 09/01/23^(c)			56		55,930
5.88%, 01/31/25			95		90,340

					4,679,854
Household Products — 0.2%
ACCO Brands Corp., 5.25%, 12/15/24^(c)			85		85,000
Diamond (BC) BV, 5.63%, 08/15/25	EUR		106		110,078
Prestige Brands, Inc., 6.38%, 03/01/24^(c)	USD		58		57,130
Spectrum Brands, Inc., 6.63%, 11/15/22^(g)			815		842,302

					1,094,510
Independent Power and Renewable Electricity Producers — 0.9%
AES Corp.:
4.50%, 03/15/23			187		187,000
4.88%, 05/15/23^(g)			157		157,393
6.00%, 05/15/26			317		326,906
5.13%, 09/01/27			351		345,735
Calpine Corp.:
5.38%, 01/15/23			238		226,695
5.88%, 01/15/24^(c)			450		448,875
5.25%, 06/01/26^(c)(g)			730		689,850
Dynegy, Inc.:
7.38%, 11/01/22			324		340,330
5.88%, 06/01/23			71		72,864
8.00%, 01/15/25^(c)			271		293,357
8.13%, 01/30/26^(c)			171		187,459
Genneia SA, 8.75%, 01/20/22^(c)			293		295,877


			11

Schedule of Investments (unaudited) (continued)

May 31, 2018

BlackRock Limited Duration Income Trust (BLW)


Security		Par (000)		Value
Independent Power and Renewable Electricity Producers (continued)
NRG Energy, Inc.:
6.63%, 01/15/27^(g)	USD		861	$	888,982
5.75%, 01/15/28^(c)			236		233,050
NRG Yield Operating LLC, 5.38%, 08/15/24^(g)			325		323,375
TerraForm Power Operating LLC^(c):
4.25%, 01/31/23			181		174,665
6.63%, 06/15/25^(o)			30		31,950
5.00%, 01/31/28			181		170,819

					5,395,182
Industrial Conglomerates — 0.1%
Algeco Global Finance PLC, 6.50%, 02/15/23	EUR		100		119,828
Apergy Corp., 6.38%, 05/01/26^(c)	USD		101		102,767
BWX Technologies, Inc., 5.38%, 07/15/26^(c)			129		130,290
Vertiv Group Corp., 9.25%, 10/15/24^(c)(g)			521		510,580

					863,465
Insurance — 1.6%
Acrisure LLC/Acrisure Finance, Inc., 7.00%, 11/15/25^(c)			180		167,850
Allied World Assurance Co. Holdings Ltd., 4.35%, 10/29/25^(g)			360		351,260
American International Group, Inc., 3.75%, 07/10/25^(g)			2,705		2,642,601
Aon PLC, 3.88%, 12/15/25^(g)			1,115		1,104,451
Ardonagh Midco 3 PLC:
8.38%, 07/15/23	GBP		100		137,210
8.63%, 07/15/23^(c)	USD		436		450,170
Assicurazioni Generali SpA⁽ⁱ⁾:
(3 mo. Euribor + 7.11%), 7.75%, 12/12/42	EUR		100		140,551
(3 mo. Euribor + 5.35%), 5.50%, 10/27/47			100		126,836
AssuredPartners, Inc., 7.00%, 08/15/25^(c)	USD		53		51,808
Fidelity National Financial, Inc., 4.25%, 08/15/18^(k)			102		293,893
Forethought Financial Group, Inc., 8.63%, 04/15/21^(c)(g)			750		843,506
Groupama SA, 6.00%, 01/23/27	EUR		100		139,956
HUB International Ltd., 7.00%, 05/01/26^(c)	USD		554		554,443
Lincoln National Corp., 3.35%, 03/09/25^(g)			845		816,409
Muenchener Rueckversicherungs AG(3 mo. Euribor + 3.50%), 6.00%, 05/26/41⁽ⁱ⁾	EUR		400		538,845


Security		Par (000)		Value
Insurance (continued)
Nationwide Building Society, 4.13%, 10/18/32^(c)(e)(g)	USD		595	$	549,088
USIS Merger Sub, Inc., 6.88%, 05/01/25^(c)			63		63,472
Wayne Merger Sub LLC, 8.25%, 08/01/23^(c)(g)			947		977,777

					9,950,126
Internet Software & Services — 0.4%
Equinix, Inc.:
2.88%, 03/15/24	EUR		100		115,765
5.88%, 01/15/26^(g)	USD		823		838,431
Netflix, Inc.:
4.38%, 11/15/26			92		86,481
3.63%, 05/15/27	EUR		100		115,795
5.88%, 11/15/28^(c)	USD		417		419,210
Rackspace Hosting, Inc., 8.63%, 11/15/24^(c)			172		175,010
Symantec Corp., 5.00%, 04/15/25^(c)			158		152,977
United Group BV, 4.38%, 07/01/22	EUR		126		150,452
ZPG PLC, 3.75%, 07/15/23	GBP		100		136,957

					2,191,078
IT Services — 0.7%
First Data Corp.^(c):
7.00%, 12/01/23^(g)	USD		1,190		1,246,763
5.00%, 01/15/24			180		179,820
5.75%, 01/15/24^(g)			2,480		2,489,300
Gartner, Inc., 5.13%, 04/01/25^(c)			174		172,695
WEX, Inc., 4.75%, 02/01/23^(c)			431		432,078

					4,520,656
Leisure Products — 0.1%
Mattel, Inc.:
6.75%, 12/31/25^(c)			323		314,618
6.20%, 10/01/40			68		58,467
5.45%, 11/01/41			40		32,092

					405,177
Machinery — 0.3%
Platin 1426 GmbH, 5.38%, 06/15/23	EUR		109		125,230
RBS Global, Inc./Rexnord LLC, 4.88%, 12/15/25^(c)	USD		215		206,937
SPX FLOW, Inc.^(c):
5.63%, 08/15/24			292		288,350
5.88%, 08/15/26			139		136,915
Terex Corp., 5.63%, 02/01/25^(c)(g)			354		351,345
Titan Acquisition Ltd./Titan Co-Borrower LLC, 7.75%, 04/15/26^(c)(g)			567		538,650


12

Schedule of Investments (unaudited) (continued)

May 31, 2018

BlackRock Limited Duration Income Trust (BLW)


Security		Par (000)		Value
Machinery (continued)
Wabash National Corp., 5.50%, 10/01/25^(c)	USD		241	$	233,770

					1,881,197
Media — 6.0%
Altice Financing SA^(c):
6.63%, 02/15/23			565		556,977
7.50%, 05/15/26^(g)			884		845,325
Altice France SA^(c)(g):
6.00%, 05/15/22			601		598,746
7.38%, 05/01/26			1,682		1,635,745
Altice Luxembourg SA:
7.75%, 05/15/22^(c)(g)			865		830,400
6.25%, 02/15/25	EUR		100		113,715
Altice US Finance I Corp.^(c):
5.38%, 07/15/23^(g)	USD		1,546		1,522,810
5.50%, 05/15/26			200		192,060
AMC Networks, Inc.:
5.00%, 04/01/24^(g)			318		307,681
4.75%, 08/01/25			196		183,750
Cablevision SA, 6.50%, 06/15/21^(c)			176		176,440
Cablevision Systems Corp., 8.00%, 04/15/20			125		131,875
CBS Radio, Inc., 7.25%, 11/01/24^(c)			60		57,600
CCO Holdings LLC/CCO Holdings Capital Corp.:
5.13%, 02/15/23^(g)			270		269,325
4.00%, 03/01/23^(c)(g)			670		639,930
5.13%, 05/01/23^(c)(g)			375		372,656
5.13%, 05/01/27^(c)(g)			2,133		1,997,021
5.00%, 02/01/28^(c)			68		62,900
Cequel Communications Holdings I LLC/Cequel Capital Corp.^(c):
5.13%, 12/15/21			187		186,087
5.13%, 12/15/21^(g)			493		490,545
7.75%, 07/15/25^(g)			1,076		1,113,660
7.50%, 04/01/28			479		479,599
Charter Communications Operating LLC/Charter Communications Operating Capital, 4.91%, 07/23/25^(g)			2,425		2,472,401
Clear Channel International BV, 8.75%, 12/15/20^(c)(g)			560		581,000
Clear Channel Worldwide Holdings, Inc.^(g):
6.50%, 11/15/22			3,157		3,222,590
Series B, 7.63%, 03/15/20			1,199		1,199,000
CSC Holdings LLC^(g):
10.13%, 01/15/23^(c)			1,210		1,341,587
5.25%, 06/01/24			454		429,121
6.63%, 10/15/25^(c)			235		242,638
10.88%, 10/15/25^(c)			1,950		2,259,562


Security		Par (000)		Value
Media (continued)
Discovery Communications LLC^(g):
3.25%, 04/01/23	USD		1,490	$	1,454,773
3.45%, 03/15/25			170		162,501
DISH DBS Corp.:
5.88%, 07/15/22^(g)			570		534,660
5.00%, 03/15/23			358		308,671
5.88%, 11/15/24			245		203,583
7.75%, 07/01/26^(g)			822		710,002
DISH Network Corp., 3.38%, 08/15/26^(k)			219		194,214
eircom Finance DAC, 4.50%, 05/31/22	EUR		100		119,266
GTT Communications, Inc., 7.88%, 12/31/24^(c)	USD		224		224,000
Hughes Satellite Systems Corp.:
7.63%, 06/15/21			93		99,045
5.25%, 08/01/26^(g)			413		392,866
Intelsat Jackson Holdings SA:
7.25%, 10/15/20			296		290,080
5.50%, 08/01/23^(g)			471		411,831
9.75%, 07/15/25^(c)			504		522,900
Live Nation Entertainment, Inc., 4.88%, 11/01/24^(c)			29		28,203
MDC Partners, Inc., 6.50%, 05/01/24^(c)			341		301,785
Meredith Corp., 6.88%, 02/01/26^(c)			154		155,540
Midcontinent Communications/Midcontinent Finance Corp., 6.88%, 08/15/23^(c)			233		245,232
Numericable Group SA, 5.38%, 05/15/22	EUR		110		131,489
Qualitytech LP/QTS Finance Corp., 4.75%, 11/15/25^(c)	USD		146		136,240
Radiate Holdco LLC/Radiate Finance, Inc., 6.88%, 02/15/23^(c)			60		57,000
SFR Group SA, 6.25%, 05/15/24^(c)			420		407,400
Sirius XM Radio, Inc., 5.00%, 08/01/27^(c)			237		225,183
TEGNA, Inc.:
5.13%, 10/15/19			105		105,263
5.50%, 09/15/24^(c)			66		66,330
Tele Columbus AG, 3.88%, 05/02/25	EUR		100		112,813
Telenet Finance Luxembourg Notes Sarl, 5.50%, 03/01/28^(c)	USD		400		388,069
Telesat Canada/Telesat LLC, 8.88%, 11/15/24^(c)			241		262,087
Tribune Media Co., 5.88%, 07/15/22			22		22,248
Unitymedia Hessen GmbH & Co. KG/Unitymedia NRW GmbH:
5.63%, 04/15/23	EUR		70		84,108
5.00%, 01/15/25^(c)	USD		200		202,250
Univision Communications, Inc.^(c):
5.13%, 05/15/23^(g)			336		318,360
5.13%, 02/15/25			133		122,480
UPCB Finance IV Ltd., 4.00%, 01/15/27	EUR		100		120,399


			13

Schedule of Investments (unaudited) (continued)

May 31, 2018

BlackRock Limited Duration Income Trust (BLW)


Security		Par (000)		Value
Media (continued)
Videotron Ltd., 5.13%, 04/15/27^(c)	USD		326	$	315,405
Virgin Media Finance PLC, 5.75%, 01/15/25^(c)(g)			655		619,794
Virgin Media Receivables Financing Notes I DAC, 5.50%, 09/15/24	GBP		100		131,626
Virgin Media Secured Finance PLC:
5.13%, 01/15/25			100		135,647
5.50%, 01/15/25			180		244,093
5.25%, 01/15/26^(c)(g)	USD		355		332,812
5.50%, 08/15/26^(c)(g)			200		189,750
Vrio Finco 1 LLC/Vrio Finco 2, Inc., 6.25%, 04/04/23^(c)			436		439,270
Ziggo Bond Finance BV:
4.63%, 01/15/25	EUR		137		160,503
5.88%, 01/15/25^(c)(g)	USD		470		444,150
Ziggo Secured Finance BV, 5.50%, 01/15/27^(c)			300		286,410

					36,933,077
Metals & Mining — 2.7%
Alcoa Nederland Holding BV, 6.13%, 05/15/28^(c)			200		205,500
Big River Steel LLC/BRS Finance Corp., 7.25%, 09/01/25^(c)			175		182,219
Cleveland-Cliffs, Inc., 4.88%, 01/15/24^(c)			188		183,653
Constellium NV^(c):
5.75%, 05/15/24			500		482,500
6.63%, 03/01/25^(g)			273		271,976
5.88%, 02/15/26			250		238,125
Freeport-McMoRan, Inc.:
3.10%, 03/15/20			1,537		1,515,866
4.00%, 11/14/21			240		237,600
3.55%, 03/01/22			855		826,144
3.88%, 03/15/23			1,338		1,286,166
5.40%, 11/14/34			126		115,920
5.45%, 03/15/43			1,061		957,552
Grinding Media, Inc./Moly-Cop AltaSteel Ltd., 7.38%, 12/15/23^(c)(g)			479		505,575
Joseph T Ryerson & Son, Inc., 11.00%, 05/15/22^(c)			172		189,630
Kaiser Aluminum Corp., 5.88%, 05/15/24			112		115,080
Novelis Corp.^(c)(g):
6.25%, 08/15/24			1,160		1,174,616
5.88%, 09/30/26			1,186		1,162,399
Nyrstar Netherlands Holdings BV, 6.88%, 03/15/24	EUR		100		112,813
Ovako AB, 5.00%, 10/05/22			100		119,120
Steel Dynamics, Inc.:
5.13%, 10/01/21^(g)	USD		645		654,997


Security		Par (000)		Value
Metals & Mining (continued)
Steel Dynamics, Inc. (continued):
5.25%, 04/15/23^(g)	USD		200	$	203,250
5.50%, 10/01/24			56		57,120
4.13%, 09/15/25			195		184,275
5.00%, 12/15/26			15		14,832
SunCoke Energy Partners LP/SunCoke Energy Partners Finance Corp., 7.50%, 06/15/25^(c)			278		282,170
Teck Resources Ltd.:
4.50%, 01/15/21			86		86,753
3.75%, 02/01/23^(g)			1,943		1,877,443
8.50%, 06/01/24^(c)(g)			1,191		1,317,544
5.20%, 03/01/42^(g)			473		428,065
5.40%, 02/01/43			279		257,378
ThyssenKrupp AG, 1.38%, 03/03/22	EUR		75		88,118
United States Steel Corp.:
6.88%, 08/15/25	USD		262		267,947
6.25%, 03/15/26			323		320,077
Vale Overseas Ltd., 6.25%, 08/10/26			188		203,736
VM Holdings SA, 5.38%, 05/04/27^(c)			237		229,004

					16,355,163
Multi-Utilities — 0.4%
Brooklyn Union Gas Co., 3.41%, 03/10/26^(c)(g)			1,475		1,438,820
NGL Energy Partners LP/NGL Energy Finance Corp.:
5.13%, 07/15/19			144		144,000
6.88%, 10/15/21^(g)			553		558,530

					2,141,350
Multiline Retail — 0.0%
Neiman Marcus Group Ltd., 8.00%, 10/15/21^(c)(g)			332		237,380

Offshore Drilling & Other Services — 0.0%
Entegris, Inc., 4.63%, 02/10/26^(c)			190		182,163

Oil, Gas & Consumable Fuels — 6.7%
Aker BP ASA, 5.88%, 03/31/25^(c)			227		233,810
Alta Mesa Holdings LP/Alta Mesa Finance Services Corp., 7.88%, 12/15/24			117		122,558
Andeavor Logistics LP, Series A, 6.88%^(e)(m)			324		324,065
Andeavor Logistics LP/Tesoro Logistics Finance Corp., 4.25%, 12/01/27			185		179,715
Antero Midstream Partners LP/Antero Midstream Finance Corp., 5.38%, 09/15/24			55		53,900
Antero Resources Corp.:
5.13%, 12/01/22			76		76,380
5.63%, 06/01/23			74		75,110


14

Schedule of Investments (unaudited) (continued)

May 31, 2018

BlackRock Limited Duration Income Trust (BLW)


Security		Par (000)		Value
Oil, Gas & Consumable Fuels (continued)
Ascent Resources Utica Holdings LLC/ARU Finance Corp., 10.00%, 04/01/22^(c)	USD		207	$	223,043
Berry Petroleum Co. LLC, 7.00%, 02/15/26^(c)			80		81,400
California Resources Corp., 8.00%, 12/15/22^(c)(g)			275		242,710
Callon Petroleum Co.:
6.13%, 10/01/24			242		244,118
6.38%, 07/01/26^(c)			166		166,000
Calumet Specialty Products Partners LP/Calumet Finance Corp.:
6.50%, 04/15/21			24		23,610
7.63%, 01/15/22			128		126,560
Carrizo Oil & Gas, Inc.:
6.25%, 04/15/23			188		190,350
8.25%, 07/15/25			221		235,365
Cheniere Corpus Christi Holdings LLC:
7.00%, 06/30/24^(g)			523		572,690
5.88%, 03/31/25			352		367,400
5.13%, 06/30/27			390		387,562
Cheniere Energy Partners LP, 5.25%, 10/01/25^(c)			414		402,615
Chesapeake Energy Corp.^(g):
8.00%, 12/15/22^(c)			888		939,060
8.00%, 01/15/25			94		93,413
8.00%, 06/15/27			934		926,995
Cia Latinoamericana de Infraestructura & Servicios SA, 9.50%, 07/20/23^(c)			341		294,965
Citgo Holding, Inc., 10.75%, 02/15/20^(c)			135		144,113
CNX Resources Corp., 5.88%, 04/15/22^(g)			3,001		3,027,259
CONSOL Energy, Inc.:
8.00%, 04/01/23			8		8,500
11.00%, 11/15/25^(c)			474		519,622
Covey Park Energy LLC/Covey Park Finance Corp., 7.50%, 05/15/25^(c)(g)			499		494,010
Crestwood Midstream Partners LP/Crestwood Midstream Finance Corp., 6.25%, 04/01/23			35		35,613
CrownRock LP/CrownRock Finance, Inc., 5.63%, 10/15/25^(c)(g)			863		839,285
DCP Midstream LLC^(c):
4.75%, 09/30/21			80		81,000
6.45%, 11/03/36			197		209,313
6.75%, 09/15/37			237		253,294
DEA Finance SA, 7.50%, 10/15/22	EUR		100		125,463
Denbury Resources, Inc., 9.25%, 03/31/22^(c)	USD		468		497,250
Diamond Offshore Drilling, Inc., 7.88%, 08/15/25			92		94,990
Diamondback Energy, Inc.:
4.75%, 11/01/24			142		137,030


Security		Par (000)		Value
Oil, Gas & Consumable Fuels (continued)
Diamondback Energy, Inc. (continued):
5.38%, 05/31/25	USD		55	$	54,450
5.38%, 05/31/25^(c)			46		45,425
Eclipse Resources Corp., 8.88%, 07/15/23			70		65,800
Enbridge, Inc., 6.25%, 03/01/78^(e)			1,565		1,508,112
Endeavor Energy Resources LP/EER Finance, Inc.^(c):
5.50%, 01/30/26			77		75,460
5.75%, 01/30/28			82		80,565
Energy Transfer Equity LP:
7.50%, 10/15/20^(g)			703		757,482
4.25%, 03/15/23			295		285,781
5.88%, 01/15/24			130		134,875
5.50%, 06/01/27			64		64,880
Ensco Jersey Finance Ltd., 3.00%, 01/31/24^(k)			247		221,921
EP Energy LLC/Everest Acquisition Finance, Inc.:
9.38%, 05/01/20			8		7,800
9.38%, 05/01/24^(c)			478		375,373
8.00%, 11/29/24^(c)			24		23,760
7.75%, 05/15/26^(c)			616		626,780
Extraction Oil & Gas, Inc.^(c):
7.38%, 05/15/24			188		196,930
5.63%, 02/01/26			419		401,192
Genesis Energy LP/Genesis Energy Finance Corp.:
6.50%, 10/01/25			95		91,438
6.25%, 05/15/26			158		148,520
Geopark Ltd., 6.50%, 09/21/24^(c)			200		193,816
Great Western Petroleum LLC/Great Western Finance, Inc., 9.00%, 09/30/21^(c)(g)			828		850,770
Gulfport Energy Corp.:
6.63%, 05/01/23			190		190,950
6.00%, 10/15/24			26		24,440
6.38%, 05/15/25			72		69,119
6.38%, 01/15/26			113		107,915
Halcon Resources Corp., Series WI, 6.75%, 02/15/25			746		701,240
Hess Corp., 4.30%, 04/01/27			50		48,926
Hess Infrastructure Partners LP/Hess Infrastructure Partners Finance Corp., 5.63%, 02/15/26^(c)			341		342,705
Indigo Natural Resources LLC, 6.88%, 02/15/26^(c)			94		89,770
Jagged Peak Energy LLC, 5.88%, 05/01/26^(c)			164		161,950
Matador Resources Co., 6.88%, 04/15/23^(g)			256		267,840
MEG Energy Corp.^(c):
6.38%, 01/30/23			2		1,805


			15

Schedule of Investments (unaudited) (continued)

May 31, 2018

BlackRock Limited Duration Income Trust (BLW)


Security		Par (000)		Value
Oil, Gas & Consumable Fuels (continued)
MEG Energy Corp. (c) (continued):
7.00%, 03/31/24^(g)	USD		348	$	314,070
6.50%, 01/15/25^(g)			527		528,154
Murphy Oil Corp.:
6.88%, 08/15/24^(g)			260		275,600
5.75%, 08/15/25			20		19,950
5.88%, 12/01/42			47		42,923
Nabors Industries, Inc.:
0.75%, 01/15/24^(k)			399		314,298
5.75%, 02/01/25^(c)			155		146,863
Neptune Energy Bondco PLC, 6.63%, 05/15/25^(c)			200		198,500
New Enterprise Stone & Lime Co., Inc., 6.25%, 03/15/26^(c)			74		74,370
Newfield Exploration Co.:
5.63%, 07/01/24			33		34,805
5.38%, 01/01/26			252		259,245
NGPL PipeCo LLC^(c):
4.38%, 08/15/22			188		187,765
4.88%, 08/15/27			134		130,101
7.77%, 12/15/37^(g)			397		466,475
Noble Holding International Ltd.:
7.75%, 01/15/24^(g)			373		349,687
7.95%, 04/01/25			51		46,532
7.88%, 02/01/26^(c)(g)			756		770,175
Oasis Petroleum, Inc.:
6.88%, 01/15/23			22		22,330
2.63%, 09/15/23^(k)			704		909,326
Odebrecht Offshore Drilling Finance^(c):
6.72%, 12/01/22	BRL		89		84,157
7.72%, 12/01/26^(h)			8		2,241
Paramount Resources Ltd., 6.88%, 06/30/23^(c)	USD		326		337,410
Parkland Fuel Corp., 6.00%, 04/01/26^(c)			48		47,520
Parsley Energy LLC/Parsley Finance Corp.^(c):
6.25%, 06/01/24			73		75,373
5.38%, 01/15/25			316		312,050
5.25%, 08/15/25			77		74,690
5.63%, 10/15/27			101		99,738
PBF Holding Co. LLC/ PBF Finance Corp., 7.25%, 06/15/25			212		219,886
PDC Energy, Inc.:
6.13%, 09/15/24			24		24,420
5.75%, 05/15/26^(c)			115		113,850
Petrobras Global Finance BV:
6.13%, 01/17/22			335		350,745
8.75%, 05/23/26			176		194,832
6.00%, 01/27/28^(c)			189		175,014
Petroleos Mexicanos:
5.38%, 03/13/22			39		39,971


Security		Par (000)		Value
Oil, Gas & Consumable Fuels (continued)
Petroleos Mexicanos (continued):
6.50%, 03/13/27	USD		117	$	119,135
5.35%, 02/12/28^(c)			99		92,961
Precision Drilling Corp., 7.13%, 01/15/26^(c)			214		218,280
QEP Resources, Inc.:
6.88%, 03/01/21			24		25,440
5.38%, 10/01/22^(g)			347		352,968
5.63%, 03/01/26			254		242,570
Range Resources Corp.:
5.88%, 07/01/22^(g)			355		357,662
5.00%, 03/15/23			83		80,510
4.88%, 05/15/25			400		376,000
Resolute Energy Corp., 8.50%, 05/01/20			412		412,515
Rockies Express Pipeline LLC^(c):
6.85%, 07/15/18			183		183,686
6.00%, 01/15/19			20		20,269
5.63%, 04/15/20^(g)			550		564,960
6.88%, 04/15/40^(g)			431		495,650
Rowan Cos., Inc.:
4.88%, 06/01/22			70		65,538
4.75%, 01/15/24			64		54,880
7.38%, 06/15/25^(g)			387		370,552
RSP Permian, Inc., 6.63%, 10/01/22			291		303,367
Sanchez Energy Corp.:
7.75%, 06/15/21^(g)			874		751,360
6.13%, 01/15/23^(g)			360		236,700
7.25%, 02/15/23^(c)			117		114,806
SESI LLC, 7.13%, 12/15/21			85		86,594
Seven Generations Energy Ltd., 5.38%, 09/30/25^(c)			757		730,505
SM Energy Co.:
6.50%, 11/15/21			100		101,750
6.50%, 01/01/23			60		60,900
5.00%, 01/15/24			192		180,000
5.63%, 06/01/25^(g)			357		341,827
6.75%, 09/15/26^(g)			136		138,380
Southwestern Energy Co.:
6.45%, 01/23/25^(e)			130		127,725
7.50%, 04/01/26			286		296,016
7.75%, 10/01/27			237		247,665
Sunoco Logistics Partners Operations LP, 3.90%, 07/15/26^(g)			235		221,386
Sunoco LP/Sunoco Finance Corp.^(c):
4.88%, 01/15/23			419		400,149
5.88%, 03/15/28			124		116,498
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.^(c):
5.50%, 09/15/24^(g)			632		635,160
5.50%, 01/15/28			290		280,213


16

Schedule of Investments (unaudited) (continued)

May 31, 2018

BlackRock Limited Duration Income Trust (BLW)


Security		Par (000)		Value
Oil, Gas & Consumable Fuels (continued)
Targa Resources Partners LP/Targa Resources Partners Finance Corp.:
5.25%, 05/01/23	USD		15	$	15,113
5.13%, 02/01/25			114		112,575
5.88%, 04/15/26^(c)			338		339,585
5.00%, 01/15/28^(c)			356		334,533
Transcontinental Gas Pipe Line Co. LLC, 4.00%, 03/15/28^(c)			280		276,555
Transportadora de Gas del Sur SA, 6.75%, 05/02/25^(c)			204		195,840
Whiting Petroleum Corp., 6.63%, 01/15/26^(c)			290		296,887
WildHorse Resource Development Corp.:
6.88%, 02/01/25			136		138,890
6.88%, 02/01/25^(c)			140		142,975
Williams Cos., Inc.:
4.55%, 06/24/24			67		67,251
8.75%, 03/15/32			184		239,200
5.75%, 06/24/44^(g)			602		630,595
WPX Energy, Inc.:
6.00%, 01/15/22			44		46,200
8.25%, 08/01/23			32		36,320
5.25%, 09/15/24			130		128,700
5.75%, 06/01/26			168		167,682
YPF SA, 8.50%, 07/28/25			293		296,663

					41,381,133
Paper & Forest Products — 0.0%
Norbord, Inc., 6.25%, 04/15/23^(c)			168		175,605

Pharmaceuticals — 2.5%
AbbVie, Inc., 3.60%, 05/14/25^(g)			695		677,561
Actavis Funding SCS, 3.45%, 03/15/22^(g)			2,460		2,429,673
Charles River Laboratories International, Inc., 5.50%, 04/01/26^(c)			127		127,476
CVS Health Corp.^(g):
4.75%, 12/01/22			165		171,529
4.10%, 03/25/25			2,355		2,363,494
Endo DAC/Endo Finance LLC/Endo Finco, Inc., 5.88%, 10/15/24^(c)			205		195,775
Endo Finance LLC/Endo Finco, Inc.^(c):
7.25%, 01/15/22			121		104,816
5.38%, 01/15/23			65		48,243
6.00%, 07/15/23^(g)			233		171,255
Ephios Bondco PLC, 6.25%, 07/01/22	EUR		100		120,266
inVentiv Group Holdings, Inc./inVentiv Health, Inc./inVentiv Health Clinical, Inc., 7.50%, 10/01/24^(c)	USD		162		170,910
Jaguar Holding Co. II/Pharmaceutical Product Development LLC, 6.38%, 08/01/23^(c)(g)			1,179		1,185,190


Security		Par (000)		Value
Pharmaceuticals (continued)
Nidda Healthcare Holding AG, 3.50%, 09/30/24	EUR		100	$	113,398
Shire Acquisitions Investments Ireland DAC, 2.88%, 09/23/23^(g)	USD		1,500		1,416,629
Teva Pharmaceutical Finance Netherlands III BV, 1.70%, 07/19/19			427		417,234
Valeant Pharmaceuticals International, Inc.:
7.50%, 07/15/21^(c)			155		157,906
6.75%, 08/15/21^(c)(g)			433		437,460
5.63%, 12/01/21^(c)			258		255,678
6.50%, 03/15/22^(c)			697		724,322
7.25%, 07/15/22^(c)			10		10,152
5.50%, 03/01/23^(c)			481		447,739
4.50%, 05/15/23	EUR		246		271,838
5.88%, 05/15/23^(c)(g)	USD		872		824,040
7.00%, 03/15/24^(c)			476		498,610
6.13%, 04/15/25^(c)(g)			821		759,425
5.50%, 11/01/25^(c)(g)			571		560,294
9.25%, 04/01/26^(c)			95		99,715
8.50%, 01/31/27^(c)(l)			591		601,712

					15,362,340
Real Estate — 0.0%
Prologis LP, 3.75%, 11/01/25^(g)			255		254,932

Real Estate Investment Trusts (REITs) — 1.6%
AvalonBay Communities, Inc., 3.45%, 06/01/25^(g)			1,245		1,216,580
ERP Operating LP, 3.38%, 06/01/25^(g)			1,015		994,600
Five Point Operating Co. LP/Five Point Capital Corp., 7.88%, 11/15/25^(c)			145		147,900
GEO Group, Inc.:
5.13%, 04/01/23			249		244,879
5.88%, 10/15/24			158		156,036
6.00%, 04/15/26			22		21,505
Hilton Domestic Operating Co., Inc.:
4.25%, 09/01/24			263		250,508
5.13%, 05/01/26^(c)			291		283,361
Hilton Worldwide Finance LLC/Hilton Worldwide Finance Corp., 4.63%, 04/01/25			30		28,950
iStar, Inc.:
4.63%, 09/15/20			33		32,546
6.00%, 04/01/22			140		140,000
5.25%, 09/15/22			153		148,601
MGM Growth Properties Operating Partnership LP/MGP Finance Co-Issuer, Inc.:
5.63%, 05/01/24^(g)			1,628		1,644,280
4.50%, 09/01/26			432		396,360
4.50%, 01/15/28			322		288,995


			17

Schedule of Investments (unaudited) (continued)

May 31, 2018

BlackRock Limited Duration Income Trust (BLW)


Security		Par (000)		Value
Real Estate Investment Trusts (REITs) (continued)
MPT Operating Partnership LP/MPT Finance Corp., 5.00%, 10/15/27	USD		121	$	113,747
NH Hotel Group SA, 3.75%, 10/01/23	EUR		129		156,577
Starwood Property Trust, Inc.:
5.00%, 12/15/21	USD		234		237,510
4.75%, 03/15/25^(c)			96		92,371
Trust F/1401, 6.95%, 01/30/44			706		691,951
Ventas Realty LP, 4.13%, 01/15/26^(g)			650		644,999
Ventas Realty LP/Ventas Capital Corp., 4.75%, 06/01/21^(g)			1,300		1,347,883
VICI Properties 1 LLC/VICI FC, Inc., 8.00%, 10/15/23			244		270,788

					9,550,927
Real Estate Management & Development — 0.2%
ADLER Real Estate AG:
1.88%, 04/27/23	EUR		100		114,435
2.13%, 02/06/24			100		114,261
3.00%, 04/27/26			100		115,507
Greystar Real Estate Partners LLC, 5.75%, 12/01/25^(c)	USD		174		169,650
Howard Hughes Corp., 5.38%, 03/15/25^(c)			218		210,642
Realogy Group LLC/Realogy Co-Issuer Corp.^(c):
4.50%, 04/15/19^(g)			301		301,000
5.25%, 12/01/21			58		58,435
4.88%, 06/01/23^(g)			141		132,540
RESIDOMO Sro, 3.38%, 10/15/24	EUR		100		116,027

					1,332,497
Road & Rail — 0.8%
Avis Budget Finance PLC, 4.13%, 11/15/24			100		118,875
EC Finance PLC, 2.38%, 11/15/22			100		116,265
Flexi-Van Leasing, Inc., 10.00%, 02/15/23^(c)	USD		169		159,705
Herc Rentals, Inc.^(c):
7.50%, 06/01/22			128		135,360
7.75%, 06/01/24			121		130,075
Hertz Corp., 7.63%, 06/01/22^(c)			404		394,910
Hertz Holdings Netherlands BV, 5.50%, 03/30/23	EUR		100		115,291
Lima Metro Line 2 Finance Ltd., 5.88%, 07/05/34^(c)(g)	USD		3,000		3,012,780
Loxam SAS, 3.50%, 05/03/23	EUR		100		120,389
United Rentals North America, Inc.:
4.63%, 07/15/23	USD		160		161,200
4.63%, 10/15/25			383		368,044


Security		Par (000)		Value
Road & Rail (continued)
Watco Cos. LLC/Watco Finance Corp., 6.38%, 04/01/23^(c)	USD		319	$	326,576

					5,159,470
Semiconductors & Semiconductor Equipment — 1.3%
Advanced Micro Devices, Inc., 7.50%, 08/15/22			73		79,760
Analog Devices, Inc.^(g):
3.90%, 12/15/25			375		374,908
3.50%, 12/05/26			275		264,691
Applied Materials, Inc., 3.90%, 10/01/25^(g)			285		290,230
Broadcom Corp./Broadcom Cayman Finance Ltd.^(g):
3.00%, 01/15/22			1,250		1,220,135
3.63%, 01/15/24			1,515		1,474,530
Microchip Technology, Inc., 1.63%, 02/15/25^(k)			506		960,310
Micron Technology, Inc., 5.50%, 02/01/25			10		10,404
Microsemi Corp., 9.13%, 04/15/23^(c)			20		22,125
NXP BV/NXP Funding LLC^(c):
4.13%, 06/01/21			200		201,520
4.63%, 06/01/23^(g)			425		433,415
ON Semiconductor Corp., 1.00%, 12/01/20^(k)			498		730,234
QUALCOMM, Inc., 3.45%, 05/20/25^(g)			1,570		1,521,570
Sensata Technologies BV^(c):
5.63%, 11/01/24			179		185,936
5.00%, 10/01/25^(g)			278		278,695

					8,048,463
Software — 1.9%
ACI Worldwide, Inc., 6.38%, 08/15/20^(c)(g)			360		362,700
BMC Software Finance, Inc., 8.13%, 07/15/21^(c)			222		227,572
CA, Inc., 3.60%, 08/15/22^(g)			555		555,552
CDK Global, Inc., 4.88%, 06/01/27			296		278,980
Citrix Systems, Inc., 0.50%, 04/15/19