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 52nd Street, New York, NY 10055

 

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

 

Date of fiscal year end: 08/31/2013

 

Date of reporting period: 05/31/2013

 

Item 1 – Schedule of Investments

 
 
Consolidated Schedule of Investments  May 31, 2013 (Unaudited)

BlackRock Limited Duration Income Trust (BLW)

(Percentages shown are based on Net Assets)

Asset-Backed Securities   Par
(000)
  Value  
 
321 Henderson Receivables I LLC (a):  
  Series 2010-2A, Class A, 4.07%, 1/15/48 USD 1,406 $ 1,543,499  
  Series 2010-3A, Class A, 3.82%, 12/15/48   4,009   4,287,671  
ACAS CLO Ltd. (a)(b):  
  Series 2012-1A, Class D, 5.13%, 9/20/23   1,750   1,763,125  
  Series 2013-1A, Class D, 4.09%, 4/20/25   750   723,750  
Adirondack Park CLO Ltd., Series 2013-1A, Class D, 3.93%, 4/15/24 (a)(b)   1,750   1,707,125  
ALM Loan Funding Ltd., Series 2010-3AR, Class D, 4.52%, 11/20/20 (a)(b)   4,000   4,000,000  
Apidos CDO XI, Series 2012-11A, Class D, 4.74%, 1/17/23 (a)(b)   1,000   996,500  
Atrium CDO Corp., Series 9A, Class D, 3.96%, 2/28/24 (a)(b)   750   718,597  
Capital One Multi-Asset Execution Trust, Series 4-3C, 6.63%, 4/19/17 GBP 2,650   4,186,529  
Carlyle Global Market Strategies, Series 2013-1A, Class C, 4.29%, 2/14/25 (a)(b) USD 250   250,098  
CarMax Auto Owner Trust, Series 2012-3, Class D, 2.29%, 4/15/19   2,530   2,513,249  
Cavalry CLO Ltd., Series 2A, Class D, 4.38%, 1/17/24 (a)(b)   500   490,000  
Central Park CLO Ltd., Series 2011-1A, Class D, 3.48%, 7/23/22 (a)(b)   500   491,250  
Conseco Financial Corp., Series 1995-5, Class M1, 7.65%, 9/15/26 (b)   134   134,710  
Countrywide Asset-Backed Certificates (b):  
  Series 2007-12, Class 2A1, 0.54%, 8/25/47   341   338,883  
  Series 2007-7, Class 2A2, 0.35%, 10/25/47   2,370   2,320,861  
CSAM Funding, Series 2A, Class B1, 7.05%, 10/15/16 (a)   750   750,000  
ECP CLO Ltd., Series 2013-5A, Class C, 3.82%, 1/20/25 (a)(b)   1,500   1,419,510  
Fraser Sullivan CLO VII Ltd., Series 2012-7A, Class C, 4.28%, 4/20/23 (a)(b)   1,090   1,089,989  
Goldentree Loan Opportunities VI Ltd., Series 2012-6A, Class D, 4.48%, 4/17/22 (a)(b)   1,500   1,500,300  
GSAA Trust, Series 2007-3, Class 1A2, 0.36%, 3/25/47 (b)   2,910   1,481,655  
Asset-Backed Securities   Par
(000)
  Value  
 
Halcyon Loan Advisors Funding Ltd., Series 2013-1A, Class C, 3.78%, 4/15/25 (a)(b) USD 1,000 $ 964,290  
ING Investment Management, Series 2012-2A, Class D, 4.83%, 10/15/22 (a)(b)   1,800   1,812,600  
Oak Hill Credit Opportunities Funding, Ltd., Series 2006-1A, Class B1, 0.68%, 9/13/13 (a)(b)   3,400   3,366,000  
Octagon Investment Partners XVI, Ltd., Series 2013-1A, Class D, 3.62%, 7/17/25 (a)(b)(c)   500   486,900  
OZLM Funding Ltd. (a)(b):  
  Series 2012-2A, Class C, 4.63%, 10/30/23   500   498,200  
  Series 2013-3A, Class C, 4.15%, 1/22/25   1,000   983,300  
Regatta Funding LP, Series 2013-2A, Class C, 4.80%, 1/15/25 (a)(b)   500   500,065  
Santander Consumer Acquired Receivables Trust, Series 2011-S1A, Class D, 3.15%, 8/15/16 (a)   1,875   1,889,996  
Santander Drive Auto Receivables Trust(a):  
  Series 2011-S1A, Class D, 3.10%, 5/15/17   341   341,350  
  Series 2011-S2A, Class B, 2.06%, 6/15/17   348   349,890  
  Series 2011-S2A, Class C, 2.86%, 6/15/17   360   362,688  
SLC Student Loan Trust, Series 2006-A, Class A4, 0.40%, 1/15/19 (b)   500   499,188  
Spirit Issuer Plc, Series A2, 3.21%, 12/28/31 GBP 1,800   2,256,308  
Sterling Bank Trust, Series 2004-2, Class Note, 2.08%, 3/30/30 (a) USD 10,037   781,017  
Sterling Coofs Trust, Series 20041, Class A, 2.36%, 4/15/29 (b)   9,390   674,925  
World Financial Network Credit Card Master Trust, Series 2012-C, Class B, 3.57%, 8/15/22   3,000   3,110,862  
 
Total Asset-Backed Securities – 7.8%   51,584,880  




 

                         
Common Stocks           
Shares
         
 
Auto Components — 0.0%  
Lear Corp.   807   48,404  
 
                         

 

BLACKROCK LIMITED DURATION INCOME TRUSTMAY 31, 20131
 
Consolidated Schedule of Investments (continued)

BlackRock Limited Duration Income Trust (BLW)

(Percentages shown are based on Net Assets)

Common Stocks   Shares    Value  
 
Construction & Engineering — 0.0%  
USI United Subcontractors (d)   6,454 $ 6,454  
 
Diversified Financial Services — 0.4%  
Kcad Holdings I Ltd. (d)   384,412,912   2,494,840  
 
Hotels, Restaurants & Leisure — 0.5%  
BLB Worldwide Holdings, Inc. (d)   51,947   1,227,248  
Travelport LLC (d)   2,589,331   2,123,251  
  
  3,350,499  
 
Metals & Mining — 0.0%  
Euramax International (d)   234   46,740  
 
Paper & Forest Products — 0.2%  
NewPage Corp. (d)   13,780   1,309,100  
 
Software — 0.3%  
Bankruptcy Management Solutions, Inc. (d)   880    
HMH Holdings/EduMedia (d)   71,219   1,883,746  
  
  1,883,746  
 
Total Common Stocks – 1.4%   9,139,783  




 

Corporate Bonds   Par
(000)
     
 
Aerospace & Defense — 0.6%  
DigitalGlobe, Inc., 5.25%, 2/01/21 (a)(e) USD 928   934,960  
Huntington Ingalls Industries, Inc., 7.13%, 3/15/21 (e)   570   625,575  
Kratos Defense & Security Solutions, Inc., 10.00%, 6/01/17 (e)   1,966   2,142,940  
Meccanica Holdings USA, Inc., 6.25%, 7/15/19 (a)   339   356,052  
  
  4,059,527  
 
Airlines — 1.4%  
Air Canada Pass-Through Trust, Series 2013-1, Class C, 6.63%, 5/15/18 (a)   381   390,449  
American Airlines Pass-Through Trust, Series 2011-2, Class A, 8.63%, 4/15/23   521   550,100  
Continental Airlines Pass-Through Trust, Series 2012-3, Class C, 6.13%, 4/29/18 (e)   2,090   2,194,500  
Continental Airlines, Inc., 6.75%, 9/15/15 (a)(e)   1,350   1,409,062  
Delta Air Lines Pass-Through Trust, Series 2009-1, Class B, 9.75%, 6/17/18 (e)   244   277,651  
US Airways Group, Inc., 6.13%, 6/01/18   390   379,763  
Corporate Bonds   Par
(000)
  Value  
 
Airlines (concluded)  
US Airways Pass-Through Trust (e):  
  Series 2011-1, Class C, 10.88%, 10/22/14 USD 1,087 $ 1,168,058  
  Series 2012-1, Class C, 9.13%, 10/01/15   2,510   2,717,177  
  
  9,086,760  
 
Auto Components — 1.4%  
Affinia Group, Inc., 7.75%, 5/01/21 (a)(e)   1,095   1,138,800  
Brighthouse Group Ltd., 7.88%, 5/15/18 GBP 100   154,979  
Continental Rubber of America Corp., 4.50%, 9/15/19 (a) USD 150   155,625  
GKN Holdings PLC, 5.38%, 9/19/22 GBP 220   353,896  
Icahn Enterprises LP:  
  4.00%, 8/15/13 (b)(f) USD 2,305   2,299,238  
  8.00%, 1/15/18   610   646,600  
Jaguar Land Rover Automotive Plc (FKA Jaguar Land Rover Plc), 8.25%, 3/15/20 GBP 554   951,174  
Schaeffler Finance BV:  
  4.25%, 5/15/18 EUR 148   194,767  
  4.75%, 5/15/21 (a) USD 750   736,875  
Servus Luxembourg Holdings SCA, 7.75%, 6/15/18 EUR 342   446,181  
Titan International, Inc. (e):  
  7.88%, 10/01/17 (a) USD 735   786,450  
  7.88%, 10/01/17   1,330   1,423,100  
  
  9,287,685  
 
Beverages — 0.0%  
Constellation Brands, Inc., 7.25%, 5/15/17   82   95,837  
Crown European Holdings SA, 7.13%, 8/15/18 (a) EUR 50   70,349  
  
  166,186  
 
Building Products — 1.0%  
American Builders & Contractors Supply Co., Inc., 5.63%, 4/15/21 (a) USD 415   420,188  
Builders FirstSource, Inc., 7.63%, 6/01/21 (a)   890   894,450  
Building Materials Corp. of America (a)(e):  
  7.00%, 2/15/20   1,345   1,439,150  
  6.75%, 5/01/21   1,030   1,114,975  
Momentive Performance Materials, Inc., 8.88%, 10/15/20   530   571,075  
Texas Industries, Inc., 9.25%, 8/15/20   523   579,222  
USG Corp., 9.75%, 1/15/18 (e)   1,390   1,636,725  
  
  6,655,785  
 
                             

 

BLACKROCK LIMITED DURATION INCOME TRUSTMAY 31, 20132
 
Consolidated Schedule of Investments (continued)

BlackRock Limited Duration Income Trust (BLW)

(Percentages shown are based on Net Assets)

Corporate Bonds   Par
(000)
  Value  
 
Capital Markets — 0.3%  
E*Trade Financial Corp., 0.00%, 8/31/19 (a)(f)(g) USD 249 $ 282,615  
Nuveen Investments, Inc., 9.13%, 10/15/17 (a)   431   452,550  
SteelRiver Transmission Co. LLC, 4.71%, 6/30/17 (a)(h)   1,141   1,173,069  
  
  1,908,234  
 
Chemicals — 1.9%  
Ashland, Inc., 3.88%, 4/15/18 (a)(e)   675   693,562  
Axiall Corp., 4.88%, 5/15/23 (a)(e)   242   243,210  
Celanese US Holdings LLC, 5.88%, 6/15/21 (e)   403   444,308  
Eagle Spinco, Inc., 4.63%, 2/15/21 (a)(e)   837   843,277  
Huntsman International LLC (e):  
  4.88%, 11/15/20   893   901,930  
  8.63%, 3/15/21   655   731,962  
INEOS Finance Plc, 7.50%, 5/01/20 (a)(e)   445   488,388  
INEOS Group Holdings SA:  
  6.13%, 8/15/18 (a)   680   669,800  
  6.50%, 8/15/18 EUR 328   415,660  
LyondellBasell Industries NV, 5.00%, 4/15/19 USD 275   310,402  
Nova Chemicals Corp., 8.38%, 11/01/16 (e)   2,750   2,925,312  
Nufarm Australia Ltd., 6.38%, 10/15/19 (a)(e)   320   328,000  
Orion Engineered Carbons Bondco GmbH, 9.63%, 6/15/18 (a)(e)   898   999,025  
PetroLogistics LP/PetroLogistics Finance Corp., 6.25%, 4/01/20 (a)   260   261,950  
Rockwood Specialties Group, Inc., 4.63%, 10/15/20 (e)   1,482   1,511,640  
Tronox Finance LLC, 6.38%, 8/15/20 (a)(e)   289   283,943  
US Coatings Acquisition, Inc./Flash Dutch 2 BV:  
  5.75%, 2/01/21 EUR 200   270,348  
  7.38%, 5/01/21 (a) USD 398   419,890  
  
  12,742,607  
 
Commercial Banks — 3.3%  
BNP Paribas SA, 2.38%, 9/14/17 (e)   3,225   3,281,444  
CIT Group, Inc. (e):  
  5.00%, 5/15/17   890   947,850  
  5.50%, 2/15/19 (a)   2,040   2,208,300  
HSBC Bank Plc, 3.10%, 5/24/16 (a)(e)   2,560   2,706,719  
HSBC Holdings Plc, 6.25%, 3/19/18 EUR 1,000   1,549,938  
Corporate Bonds   Par
(000)
  Value  
 
Commercial Banks (concluded)  
ING Bank NV, 2.00%, 9/25/15 (a)(e) USD 3,245 $ 3,292,669  
Nordea Bank AB, 4.50%, 3/26/20 EUR 1,020   1,481,878  
Penske Truck Leasing Co. LP/PTL Finance Corp., 3.38%, 3/15/18 (a)(e) USD 6,155   6,456,601  
  
  21,925,399  
 
Commercial Services & Supplies — 1.3%  
ADS Waste Holdings, Inc., 8.25%, 10/01/20 (a)   292   313,170  
ARAMARK Corp., 5.75%, 3/15/20 (a)   712   736,920  
Aviation Capital Group Corp., 4.63%, 1/31/18 (a)(e)   1,000   1,033,060  
Brickman Group Holdings, Inc., 9.13%, 11/01/18 (a)   63   68,198  
Catalent Pharma Solutions, Inc., 7.88%, 10/15/18 (a)   375   380,625  
Covanta Holding Corp., 6.38%, 10/01/22 (e)   1,130   1,218,951  
EC Finance Plc, 9.75%, 8/01/17 EUR 100   141,049  
Mead Products LLC/ACCO Brands Corp., 6.75%, 4/30/20 (a) USD 100   105,000  
Mobile Mini, Inc., 7.88%, 12/01/20 (e)   915   1,013,362  
UR Merger Sub Corp. (e):  
  5.75%, 7/15/18   494   527,345  
  7.38%, 5/15/20   805   883,487  
  7.63%, 4/15/22   1,518   1,681,185  
Verisure Holding AB:  
  8.75%, 9/01/18 EUR 311   446,665  
  8.75%, 12/01/18   111   153,650  
West Corp., 8.63%, 10/01/18 USD 165   181,088  
  
  8,883,755  
 
Communications Equipment — 1.9%  
ADC Telecommunications, Inc., 3.50%, 7/15/15 (e)(f)   6,670   6,786,725  
Avaya, Inc. (a):  
  7.00%, 4/01/19   437   407,503  
  10.50%, 3/01/21 (e)   1,213   1,018,920  
CommScope Holding Co., Inc., 6.63%, 6/01/20 (a)(i)   605   597,437  
Zayo Group LLC/Zayo Capital, Inc.:  
  8.13%, 1/01/20 (e)   1,800   1,998,000  
  10.13%, 7/01/20   1,460   1,697,250  
  
  12,505,835  
 
Construction & Engineering — 0.1%  
Safway Group Holding LLC/Safway Finance Corp., 7.00%, 5/15/18 (a)   258   259,290  
                             

 

BLACKROCK LIMITED DURATION INCOME TRUSTMAY 31, 20133
 
Consolidated Schedule of Investments (continued)

BlackRock Limited Duration Income Trust (BLW)

(Percentages shown are based on Net Assets)

Corporate Bonds   Par
(000)
  Value  
 
Construction & Engineering (concluded)  
Weekley Homes LLC, 6.00%, 2/01/23 (a) USD 320 $ 332,800  
  
  592,090  
 
Construction Materials — 1.2%  
Buzzi Unicem SpA, 6.25%, 9/28/18 EUR 154   220,658  
HD Supply, Inc.:  
  8.13%, 4/15/19 (e) USD 4,105   4,556,550  
  7.50%, 7/15/20 (a)   2,374   2,516,440  
  11.50%, 7/15/20   335   393,625  
HeidelbergCement AG, 7.50%, 4/03/20 EUR 64   102,574  
  
  7,789,847  
 
Consumer Finance — 0.9%  
Ally Financial, Inc., 3.13%, 1/15/16 (e) USD 1,500   1,516,005  
Ford Motor Credit Co. LLC (e):  
  3.88%, 1/15/15   2,475   2,566,986  
  7.00%, 4/15/15   400   439,203  
Hyundai Capital America, 3.75%, 4/06/16 (a)(e)   1,285   1,350,056  
IVS F. SpA, 7.13%, 4/01/20 EUR 235   308,495  
  
  6,180,745  
 
Containers & Packaging — 0.8%  
Ardagh Packaging Finance Plc:  
  7.38%, 10/15/17   100   139,723  
  7.38%, 10/15/17   200   279,446  
  7.00%, 11/15/20 (a) USD 1,689   1,731,225  
  5.00%, 11/15/22 EUR 260   341,314  
Ardagh Packaging Finance Plc/Ardagh MP Holdings USA, Inc. (a):  
  7.38%, 10/15/17   587   820,175  
  4.88%, 11/15/22 USD 332   331,170  
Berry Plastics Corp., 9.75%, 1/15/21   290   334,950  
Beverage Packaging Holdings Luxembourg II SA, 8.00%, 12/15/16 EUR 274   356,131  
Crown Americas LLC/Crown Americas Capital Corp. III, 6.25%, 2/01/21 (e) USD 144   157,320  
Crown Americas LLC/Crown Americas Capital Corp. IV, 4.50%, 1/15/23 (a)(e)   226   220,915  
OI European Group BV, 4.88%, 3/31/21 EUR 411   558,236  
  
  5,270,605  
 
Distributors — 0.1%  
VWR Funding, Inc., 7.25%, 9/15/17 (e) USD 874   930,810  
 
Corporate Bonds   Par
(000)
  Value  
 
Diversified Consumer Services — 0.6%  
APX Group, Inc. (a):  
  6.38%, 12/01/19 USD 566 $ 564,585  
  8.75%, 12/01/20 (e)   1,387   1,407,805  
Laureate Education, Inc., 9.25%, 9/01/19 (a)(e)   1,460   1,635,200  
Rent-A-Center, Inc., 4.75%, 5/01/21 (a)   683   669,340  
  
  4,276,930  
 
Diversified Financial Services — 4.9%  
Aircastle Ltd., 6.25%, 12/01/19 (e)   367   397,278  
Ally Financial, Inc.:  
  8.30%, 2/12/15 (e)   2,460   2,706,000  
  7.50%, 9/15/20 (e)   1,630   1,903,025  
  8.00%, 11/01/31   906   1,159,680  
  8.00%, 11/01/31 (e)   1,330   1,715,700  
Banque Paribas, 6.95%, 7/22/13 (e)   2,100   2,117,501  
Citigroup, Inc., 5.95% (b)(e)(j)   1,370   1,431,650  
CNG Holdings, Inc., 9.38%, 5/15/20 (a)   490   487,550  
Co-Operative Group Ltd. (k):  
  5.63%, 7/08/20 GBP 300   458,099  
  6.25%, 7/08/26   600   919,388  
DPL, Inc.:  
  6.50%, 10/15/16 USD 70   75,425  
  7.25%, 10/15/21   185   199,800  
Gala Group Finance Plc, 8.88%, 9/01/18 GBP 700   1,143,348  
General Motors Financial Co., Inc. (a)(e):  
  2.75%, 5/15/16 USD 581   580,128  
  3.25%, 5/15/18   1,500   1,486,875  
  4.25%, 5/15/23   291   283,725  
GETCO Financing Escrow LLC, 8.25%, 6/15/18 (a)(c)   240   234,600  
The Goldman Sachs Group, Inc. (e):  
  6.00%, 5/01/14   1,150   1,205,231  
  3.30%, 5/03/15   3,285   3,416,200  
Jefferies Finance LLC/JFIN Co-Issuer Corp., 7.38%, 4/01/20 (a)(e)   585   587,925  
Jefferies LoanCore LLC/JLC Finance Corp., 6.88%, 6/01/20 (a)   567   568,417  
Leucadia National Corp., 8.13%, 9/15/15 (e)   1,870   2,122,450  
Macquarie Bank Ltd., 10.25%, 6/20/57 (b)   1,450   1,640,095  
Reynolds Group Issuer, Inc.:  
  7.13%, 4/15/19 (e)   1,294   1,378,110  
  9.00%, 4/15/19   180   189,000  
  9.88%, 8/15/19   795   866,550  
  5.75%, 10/15/20 (e)   800   812,000  
  6.88%, 2/15/21 (e)   820   875,350  
                             

 

BLACKROCK LIMITED DURATION INCOME TRUSTMAY 31, 20134
 
Consolidated Schedule of Investments (continued)

BlackRock Limited Duration Income Trust (BLW)

(Percentages shown are based on Net Assets)

Corporate Bonds   Par
(000)
  Value  
 
Diversified Financial Services (concluded)  
SLM Corp., Series A, 5.00%, 10/01/13 USD 150 $ 151,500  
WMG Acquisition Corp.:  
  11.50%, 10/01/18   630   743,400  
  6.00%, 1/15/21 (a)(e)   935   986,425  
  
  32,842,425  
 
Diversified Telecommunication Services — 1.4%  
CenturyLink, Inc., Series V, 5.63%, 4/01/20 (e)   906   936,578  
Level 3 Communications, Inc., 8.88%, 6/01/19   735   797,475  
Level 3 Financing, Inc.:  
  4.21%, 2/15/15 (b)   1,725   1,725,862  
  8.13%, 7/01/19   3,083   3,337,347  
  7.00%, 6/01/20   495   520,988  
OTE Plc, 7.25%, 2/12/15 EUR 151   203,720  
Telenet Finance V Luxembourg SCA:  
  6.25%, 8/15/22   271   369,928  
  6.75%, 8/15/24   397   550,057  
Windstream Corp., 8.13%, 8/01/13 (e) USD 590   594,425  
  
  9,036,380  
 
Electric Utilities — 0.4%  
Homer City Generation LP, 8.73%, 10/01/26 (i)   495   525,937  
Mirant Mid Atlantic Pass-Through Trust, Series B, 9.13%, 6/30/17 (e)   677   762,833  
Nisource Finance Corp. (e):  
  6.40%, 3/15/18   440   522,567  
  5.25%, 2/15/43   800   829,976  
  
  2,641,313  
 
Electrical Equipment — 0.4%  
Belden, Inc.:  
  5.50%, 9/01/22 (a)(e)   510   524,025  
  5.50%, 4/15/23 EUR 140   184,694  
Pentair Finance SA, 1.88%, 9/15/17 (e) USD 371   369,315  
Rexel SA, 5.13%, 6/15/20 EUR 439   596,552  
Techem GmbH:  
  6.13%, 10/01/19   300   421,119  
  7.88%, 10/01/20   106   151,482  
Trionista TopCo GmbH, 6.88%, 4/30/21   100   131,925  
  
  2,379,112  
 
Energy Equipment & Services — 2.2%  
Calfrac Holdings LP, 7.50%, 12/01/20 (a)(e) USD 605   623,150  
CGG, 7.75%, 5/15/17 (e)   330   339,075  
FTS International Services LLC/FTS International Bonds, Inc., 8.13%, 11/15/18 (a)(e)   1,182   1,258,830  
Gulfmark Offshore, Inc., 6.38%, 3/15/22 (e) USD 185   192,400  
Corporate Bonds   Par
(000)
  Value  
 
Energy Equipment & Services (concluded)  
Hornbeck Offshore Services, Inc., 5.88%, 4/01/20 (e)   375 $ 390,938  
MEG Energy Corp. (a)(e):  
  6.50%, 3/15/21   240   248,400  
  6.38%, 1/30/23   204   209,100  
Oil States International, Inc. (e):  
  6.50%, 6/01/19   1,614   1,739,085  
  5.13%, 1/15/23 (a)   908   978,370  
Peabody Energy Corp. (e):  
  6.00%, 11/15/18   1,004   1,074,280  
  6.25%, 11/15/21   1,081   1,129,645  
Rain CII Carbon LLC/CII Carbon Corp., 8.25%, 1/15/21 (a)(e)   535   572,450  
Seadrill Ltd., 5.63%, 9/15/17 (a)   2,320   2,378,000  
Tervita Corp., 8.00%, 11/15/18 (a)   833   862,155  
Transocean, Inc. (e):  
  4.95%, 11/15/15   1,040   1,126,316  
  5.05%, 12/15/16   180   199,407  
  2.50%, 10/15/17   725   731,696  
  6.00%, 3/15/18   230   263,730  
Trionista Holdco GmbH, 5.00%, 4/30/20 EUR 410   543,555  
  
  14,860,582  
 
Food & Staples Retailing — 0.3%  
Bakkavor Finance 2 Plc, 8.25%, 2/15/18 GBP 312   491,830  
R&R Ice Cream PLC, 9.25%, 5/10/18 (i) EUR 204   267,800  
Rite Aid Corp., 9.25%, 3/15/20 (e) USD 1,095   1,235,981  
Zobele Holding SpA, 7.88%, 2/01/18 EUR 100   135,174  
  
  2,130,785  
 
Food Products — 0.3%  
Post Holdings, Inc., 7.38%, 2/15/22 (e) USD 780   868,725  
Smithfield Foods, Inc., 6.63%, 8/15/22 (e)   783   890,663  
  
  1,759,388  
 
Gas Utilities — 0.6%  
Florida Gas Transmission Co. LLC, 4.00%, 7/15/15 (a)(e)   2,000   2,114,218  
Targa Resources Partners LP, 7.88%, 10/15/18   1,515   1,639,987  
  
  3,754,205  
 
Health Care Equipment & Supplies — 1.4%  
Biomet, Inc. (a)(e):  
  6.50%, 8/01/20   1,720   1,810,300  
  6.50%, 10/01/20   1,445   1,463,062  
CareFusion Corp., 5.13%, 8/01/14 (e)   3,000   3,147,129  
DJO Finance LLC:  
  8.75%, 3/15/18 (e)   413   456,365  
                             

 

BLACKROCK LIMITED DURATION INCOME TRUSTMAY 31, 20135
 
Consolidated Schedule of Investments (continued)

BlackRock Limited Duration Income Trust (BLW)

(Percentages shown are based on Net Assets)

Corporate Bonds   Par
(000)
  Value  
 
Health Care Equipment & Supplies (concluded)  
DJO Finance LLC (concluded):  
  7.75%, 4/15/18 USD 540 $ 558,900  
  9.88%, 4/15/18   500   548,750  
IDH Finance PLC, 6.00%, 12/01/18 GBP 113   172,551  
Kinetic Concepts, Inc./KCI USA, Inc., 12.50%, 11/01/19 USD 432   444,960  
Teleflex, Inc., 6.88%, 6/01/19 (e)   675   729,000  
  
  9,331,017  
 
Health Care Providers & Services — 2.8%  
Aviv Healthcare Properties LP, 7.75%, 2/15/19 (e)   995   1,087,038  
Care UK Health & Social Care Plc, 9.75%, 8/01/17 GBP 130   204,435  
CHS/Community Health Systems, Inc.:  
  5.13%, 8/15/18 (e) USD 490   510,825  
  8.00%, 11/15/19   443   487,300  
  7.13%, 7/15/20   471   516,923  
Crown Newco 3 Plc, 7.00%, 2/15/18 GBP 441   700,207  
HCA, Inc. (e):  
  6.50%, 2/15/20 USD 1,895   2,136,612  
  7.88%, 2/15/20   1,896   2,066,640  
  7.25%, 9/15/20   996   1,095,600  
Hologic, Inc., 6.25%, 8/01/20 (e)   1,289   1,377,619  
IASIS Healthcare LLC, 8.38%, 5/15/19   792   827,640  
inVentiv Health, Inc., 9.00%, 1/15/18 (a)(e)   720   766,800  
Omnicare, Inc., 7.75%, 6/01/20 (e)   1,135   1,257,012  
Tenet Healthcare Corp.:  
  6.25%, 11/01/18 (e)   1,134   1,255,905  
  6.75%, 2/01/20   475   498,750  
  4.50%, 4/01/21 (a)(e)   523   513,848  
  4.38%, 10/01/21 (a)   855   829,350  
Vanguard Health Holding Co II LLC:  
  8.00%, 2/01/18   361   383,111  
  7.75%, 2/01/19 (e)   1,580   1,690,600  
Voyage Care Bondco Plc, 6.50%, 8/01/18 GBP 250   390,296  
  
  18,596,511  
 
Health Care Technology — 0.8%  
IMS Health, Inc., 12.50%, 3/01/18 (a)(e) USD 4,300   5,047,125  
 
Hotels, Restaurants & Leisure — 4.1%  
Caesars Entertainment Operating Co., Inc., 8.50%, 2/15/20 (e)   1,010   962,025  
Carlson Wagonlit BV, 6.88%, 6/15/19 (a)(e)   370   389,425  
Choice Hotels International, Inc., 5.75%, 7/01/22 (e)   240   266,400  
Cirsa Funding Luxembourg SA, 8.75%, 5/15/18 EUR 355   468,554  
Corporate Bonds   Par
(000)
  Value  
 
Hotels, Restaurants & Leisure (concluded)  
Enterprise Inns Plc:  
  6.50%, 12/06/18 GBP 2,232 $ 3,455,733  
  6.88%, 2/15/21   2,070   3,090,116  
Gategroup Finance Luxembourg SA, 6.75%, 3/01/19 EUR 290   384,466  
Isle of Capri Casinos, Inc.:  
  7.75%, 3/15/19 USD 70   75,600  
  5.88%, 3/15/21   294   292,530  
MCE Finance Ltd., 5.00%, 2/15/21 (a)(e)   941   941,000  
Regal Entertainment Group, 5.75%, 2/01/25   265   264,337  
Sisal Holding Istituto di Pagamento SpA, 7.25%, 9/30/17 EUR 100   131,925  
Six Flags Entertainment Corp., 5.25%, 1/15/21 (a)(e) USD 576   578,880  
Spirit Issuer Plc (b):  
  1.06%, 12/28/28 GBP 3,325   4,092,121  
  5.47%, 12/28/34   4,500   5,965,540  
Station Casinos LLC, 7.50%, 3/01/21 (a) USD 2,245   2,351,637  
Travelport LLC, 11.88%, 9/01/16 (a)   78   73,747  
Tropicana Entertainment LLC, 9.63%, 12/15/14 (d)(l)   375    
The Unique Pub Finance Co. Plc, Series A4, 5.66%, 6/30/27 GBP 1,686   2,510,472  
Wynn Las Vegas LLC, 5.38%, 3/15/22 (e) USD 888   934,620  
  
  27,229,128  
 
Household Durables — 1.7%  
Algeco Scotsman Global Finance Plc, 9.00%, 10/15/18 EUR 630   839,477  
Ashton Woods USA LLC, 6.88%, 2/15/21 (a) USD 510   528,488  
Beazer Homes USA, Inc., 6.63%, 4/15/18 (e)   910   986,212  
Berkline/Benchcraft LLC, 4.50%, 11/03/13 (d)(l)   200    
Brookfield Residential Properties, Inc., 6.50%, 12/15/20 (a)(e)   925   989,750  
K. Hovnanian Enterprises, Inc., 7.25%, 10/15/20 (a)(e)   2,130   2,358,975  
KB Home, 7.25%, 6/15/18   880   990,000  
Libbey Glass, Inc., 6.88%, 5/15/20 (e)   226   244,645  
RPG Byty Sro, 6.75%, 5/01/20 EUR 220   275,937  
Spie BondCo 3 SCA, 11.00%, 8/15/19   248   348,528  
Standard Pacific Corp., 8.38%, 1/15/21 (e) USD 2,400   2,880,000  
                             

 

BLACKROCK LIMITED DURATION INCOME TRUSTMAY 31, 20136
 
Consolidated Schedule of Investments (continued)

BlackRock Limited Duration Income Trust (BLW)

(Percentages shown are based on Net Assets)

Corporate Bonds   Par
(000)
  Value  
 
Household Durables (concluded)  
Taylor Morrison Communities, Inc./Monarch Communities, Inc., 5.25%, 4/15/21 (a) USD 597 $ 604,462  
  
  11,046,474  
 
Household Products — 0.2%  
Ontex IV SA, 9.00%, 4/15/19 EUR 353   480,605  
Spectrum Brands Escrow Corp. (a):  
  6.38%, 11/15/20 USD 250   268,438  
  6.63%, 11/15/22   285   307,800  
  
  1,056,843  
 
Independent Power Producers & Energy Traders — 2.6%  
The AES Corp., 7.75%, 10/15/15   972   1,078,920  
Calpine Corp., 7.50%, 2/15/21 (a)(e)   238   258,230  
Dynegy, Inc., 5.88%, 6/01/23 (a)   664   654,040  
Energy Future Intermediate Holding Co. LLC:  
  6.88%, 8/15/17 (a)   1,015   1,075,900  
  10.00%, 12/01/20 (a)(e)   2,105   2,386,544  
  10.00%, 12/01/20 (e)   3,415   3,888,831  
  12.25%, 3/01/22 (a)(h)   3,408   3,880,860  
GenOn REMA LLC (e):  
  Series B 9.24%, 7/02/17   308   338,484  
  Series C 9.68%, 7/02/26   1,001   1,091,090  
Laredo Petroleum, Inc.:  
  9.50%, 2/15/19   630   713,475  
  7.38%, 5/01/22   515   566,500  
NRG Energy, Inc., 7.63%, 1/15/18 (e)   1,001   1,128,627  
QEP Resources, Inc., 5.38%, 10/01/22 (e)   476   487,900  
  
  17,549,401  
 
Industrial Conglomerates — 0.2%  
Sequa Corp., 7.00%, 12/15/17 (a)   1,305   1,305,000  
 
Insurance — 1.4%  
Allied World Assurance Co. Holdings, Ltd., 7.50%, 8/01/16 (e)   3,000   3,536,664  
American International Group, Inc., 3.00%, 3/20/15 (e)   3,120   3,231,634  
CNO Financial Group, Inc., 6.38%, 10/01/20 (a)(e)   304   329,460  
Forethought Financial Group, Inc., 8.63%, 4/15/21 (a)(e)   750   892,072  
MPL 2 Acquisition Canco, Inc., 9.88%, 8/15/18 (a)   595   612,850  
Muenchener Rueckversicherungs AG, 6.00%, 5/26/41 (b) EUR 400   610,756  
TMF Group Holding B.V., 9.88%, 12/01/19   210   287,960  
  
  9,501,396  
 
Corporate Bonds   Par
(000)
  Value  
 
Internet Software & Services — 0.1%  
Cerved Technologies SpA:  
  6.38%, 1/15/20 EUR 100 $ 129,975  
  8.00%, 1/15/21   100   129,650  
Equinix, Inc., 4.88%, 4/01/20 USD 139   141,432  
VeriSign, Inc., 4.63%, 5/01/23 (a)   550   552,750  
  
  953,807  
 
IT Services — 1.5%  
Ceridian Corp. (a)(e):  
  8.88%, 7/15/19   1,395   1,590,300  
  11.00%, 3/15/21   1,004   1,147,070  
Epicor Software Corp., 8.63%, 5/01/19   1,260   1,370,250  
First Data Corp.:  
  7.38%, 6/15/19 (a)(e)   1,775   1,872,625  
  6.75%, 11/01/20 (a)(e)   1,250   1,306,250  
  8.25%, 1/15/21 (a)   34   36,040  
  12.63%, 1/15/21   347   379,098  
  11.75%, 8/15/21 (a)   869   840,757  
SunGard Data Systems, Inc., 6.63%, 11/01/19 (a)(e)   1,040   1,094,600  
WEX, Inc., 4.75%, 2/01/23 (a)(e)   550   548,625  
  
  10,185,615  
 
Machinery — 0.3%  
Navistar International Corp., 8.25%, 11/01/21   522   531,787  
Terex Corp., 6.00%, 5/15/21 (e)   1,070   1,131,525  
Trinseo Materials Operating SCA, 8.75%, 2/01/19 (a)(e)   575   572,844  
  
  2,236,156  
 
Media — 5.0%  
AMC Networks, Inc. (e):  
  7.75%, 7/15/21   865   979,612  
  4.75%, 12/15/22   269   268,328  
Cengage Learning Acquisitions, Inc., 11.50%, 4/15/20 (a)(e)   509   409,745  
Checkout Holding Corp., 9.83%, 11/15/15 (a)(g)   1,056   834,240  
Cinemark USA, Inc., 5.13%, 12/15/22 (e)   206   209,090  
Clear Channel Communications, Inc.:  
  9.00%, 12/15/19 (a)(c)   489   491,445  
  9.00%, 3/01/21   1,311   1,301,167  
Clear Channel Worldwide Holdings, Inc. (e):  
  7.63%, 3/15/20   1,045   1,110,312  
  6.50%, 11/15/22 (a)   965   1,013,250  
  6.50%, 11/15/22 (a)   1,108   1,168,940  
DIRECTV Holdings LLC, 3.13%, 2/15/16 (e)   3,000   3,146,346  
DISH DBS Corp.:  
  7.00%, 10/01/13 (e)   1,267   1,287,019  
  7.13%, 2/01/16 (e)   200   219,000  
  4.25%, 4/01/18 (a)   1,330   1,296,750  
                             

 

BLACKROCK LIMITED DURATION INCOME TRUSTMAY 31, 20137
 
Consolidated Schedule of Investments (continued)

BlackRock Limited Duration Income Trust (BLW)

(Percentages shown are based on Net Assets)

Corporate Bonds   Par
(000)
  Value  
 
Media (concluded)  
Intelsat Jackson Holdings SA:  
  7.25%, 10/15/20 (e) USD 1,660 $ 1,801,100  
  5.50%, 8/01/23 (a)(c)   2,750   2,695,000  
Intelsat Luxembourg SA (a):  
  6.75%, 6/01/18   910   948,675  
  7.75%, 6/01/21   745   783,181  
Interactive Data Corp., 10.25%, 8/01/18 (e)   2,210   2,480,725  
Lynx I Corp.:  
  5.38%, 4/15/21 (a)(e)   617   641,680  
  6.00%, 4/15/21 GBP 1,274   2,034,436  
The McClatchy Co., 9.00%, 12/15/22 (a) USD 330   356,400  
MDC Partners, Inc., 6.75%, 4/01/20 (a)   355   362,988  
NAI Entertainment Holdings LLC, 8.25%, 12/15/17 (a)(e)   1,301   1,405,080  
Nara Cable Funding Ltd.:  
  8.88%, 12/01/18 (a)   200   208,000  
  8.88%, 12/01/18 EUR 190   261,770  
ProtoStar I Ltd., 18.00%, 10/15/13 (a)(d)(f)(l) USD 3,454   1,727  
Sirius XM Radio, Inc. (a):  
  4.25%, 5/15/20   634   621,320  
  4.63%, 5/15/23   311   298,560  
Sterling Entertainment Corp., 10.00%, 12/15/19   1,175   1,175,000  
Unitymedia Hessen GmbH & Co. KG:  
  7.50%, 3/15/19   1,440   1,562,400  
  5.50%, 1/15/23 (a)(e)   720   734,400  
Univision Communications, Inc., 6.75%, 9/15/22 (a)(e)   286   307,450  
Virgin Media Secured Finance Plc, 6.50%, 1/15/18 (e)   1,000   1,052,500  
  
  33,467,636  
 
Metals & Mining — 2.2%  
ArcelorMittal:  
  9.50%, 2/15/15 (e)   1,910   2,120,100  
  4.25%, 8/05/15 (e)   987   1,019,078  
  5.00%, 2/25/17   388   403,520  
  6.13%, 6/01/18 (e)   498   527,880  
Commercial Metals Co., 4.88%, 5/15/23   908   864,870  
Eco-Bat Finance Plc, 7.75%, 2/15/17 EUR 495   656,244  
FMG Resources August 2006 Property Ltd., 6.38%, 2/01/16 (a)(e) USD 625   637,500  
Glencore Funding LLC, 1.70%, 5/27/16 (a)(e)   2,450   2,442,432  
Global Brass and Copper, Inc., 9.50%, 6/01/19 (a)   695   778,400  
Kaiser Aluminum Corp., 8.25%, 6/01/20 (e)   510   575,025  
Corporate Bonds   Par
(000)
  Value  
 
Metals & Mining (concluded)  
New Gold, Inc., 7.00%, 4/15/20 (a)(e) USD 175 $ 185,500  
New World Resources NV, 7.88%, 5/01/18 EUR 494   513,661  
Novelis, Inc., 8.75%, 12/15/20 (e) USD 2,375   2,654,062  
Perstorp Holding AB, 8.75%, 5/15/17 (a)   290   299,425  
Steel Dynamics, Inc., 6.38%, 8/15/22 (a)   555   604,950  
Walter Energy, Inc., 8.50%, 4/15/21 (a)   160   160,800  
  
  14,443,447  
 
Multiline Retail — 0.8%  
Dollar General Corp. (e):  
  4.13%, 7/15/17   1,409   1,529,134  
  1.88%, 4/15/18   2,133   2,122,058  
Dufry Finance SCA, 5.50%, 10/15/20 (a)(e)   1,336   1,406,140  
  
  5,057,332  
 
Oil, Gas & Consumable Fuels — 6.6%  
Access Midstream Partners LP (e):  
  6.13%, 7/15/22   510   545,700  
  4.88%, 5/15/23   510   503,625  
Alpha Natural Resources, Inc., 6.25%, 6/01/21   418   374,110  
Athlon Holdings LP/Athlon Finance Corp., 7.38%, 4/15/21 (a)   254   264,160  
Bonanza Creek Energy, Inc., 6.75%, 4/15/21 (a)   95   99,275  
BP Capital Markets Plc, 5.25%, 11/07/13 (e)   6,000   6,124,500  
Chaparral Energy, Inc., 7.63%, 11/15/22   305   329,400  
Chesapeake Energy Corp., 5.75%, 3/15/23   1,265   1,315,600  
Concho Resources, Inc.:  
  6.50%, 1/15/22 (e)   221   238,680  
  5.50%, 10/01/22   89   91,893  
CONSOL Energy, Inc., 8.25%, 4/01/20 (e)   1,890   2,088,450  
Denbury Resources, Inc., 4.63%, 7/15/23 (e)   994   961,695  
EP Energy LLC/Everest Acquisition Finance, Inc., 6.88%, 5/01/19 (e)   630   680,400  
Holly Energy Partners LP, 6.50%, 3/01/20 (e)   215   228,438  
Kinder Morgan Energy Partners LP, 5.95%, 2/15/18 (e)   3,215   3,805,612  
Kinder Morgan Finance Co. LLC, 6.00%, 1/15/18 (a)(e)   1,285   1,418,574  
Kodiak Oil & Gas Corp., 8.13%, 12/01/19   865   973,125  
                             

 

BLACKROCK LIMITED DURATION INCOME TRUSTMAY 31, 20138
 
Consolidated Schedule of Investments (continued)

BlackRock Limited Duration Income Trust (BLW)

(Percentages shown are based on Net Assets)

Corporate Bonds   Par
(000)
  Value  
 
Oil, Gas & Consumable Fuels (concluded)  
LBC Tank Terminals Holding Netherlands BV, 6.88%, 5/15/23 (a) USD 200 $ 207,750  
Lightstream Resources Ltd. (FKA PetroBakken Energy Ltd.), 8.63%, 2/01/20 (a)   619   634,475  
Linn Energy LLC:  
  6.25%, 11/01/19 (a)(e)   1,030   1,037,725  
  8.63%, 4/15/20   255   279,225  
  7.75%, 2/01/21 (e)   535   567,100  
MarkWest Energy Partners LP:  
  6.25%, 6/15/22   239   258,120  
  5.50%, 2/15/23   460   480,700  
Memorial Production Partners LP, 7.63%, 5/01/21 (a)   344   345,720  
Newfield Exploration Co., 5.63%, 7/01/24   82   86,100  
Oasis Petroleum, Inc.:  
  7.25%, 2/01/19   380   409,450  
  6.50%, 11/01/21   410   442,800  
Offshore Group Investment Ltd., 7.13%, 4/01/23 (a)   656   677,320  
ONEOK Partners LP, 2.00%, 10/01/17 (e)   355   357,405  
Pacific Drilling SA, 5.38%, 6/01/20 (a)(c)   598   592,020  
PBF Holding Co. LLC, 8.25%, 2/15/20 (e)   466   514,930  
Petrobras Global Finance BV, 3.00%, 1/15/19 (e)   768   749,080  
Plains Exploration & Production Co., 6.88%, 2/15/23   615   695,719  
Range Resources Corp. (e):  
  6.75%, 8/01/20   815   882,237  
  5.75%, 6/01/21   1,281   1,354,657  
  5.00%, 8/15/22   537   545,055  
Rosetta Resources, Inc., 5.63%, 5/01/21   379   379,948  
Sabine Pass Liquefaction LLC (a):  
  5.63%, 2/01/21 (e)   2,874   2,884,777  
  5.63%, 4/15/23   754   754,000  
Sabine Pass Liquified Natural Gas LP (e):  
  7.50%, 11/30/16   4,110   4,582,650  
  6.50%, 11/01/20 (a)   745   780,387  
SandRidge Energy, Inc.:  
  8.75%, 1/15/20   94   101,050  
  7.50%, 2/15/23 (e)   1,096   1,128,880  
SESI LLC, 6.38%, 5/01/19 (e)   755   815,400  
SM Energy Co. (e):  
  6.50%, 11/15/21   605   660,962  
  6.50%, 1/01/23   285   313,500  
Tesoro Logistics LP/Tesoro Logistics Finance Corp., 5.88%, 10/01/20 (a)(e)   176   183,480  
  
  43,745,859  
 
Corporate Bonds   Par
(000)
  Value  
 
Paper & Forest Products — 0.2%  
Ainsworth Lumber Co. Ltd., 7.50%, 12/15/17 (a)(e) USD 810 $ 874,800  
NewPage Corp., 11.38%, 12/31/14 (d)(l)   3,177    
Sappi Papier Holding GmbH, 8.38%, 6/15/19 (a)(e)   305   336,263  
WEPA Hygieneprodukte GmbH, 6.50%, 5/15/20 EUR 100   135,941  
  
  1,347,004  
 
Pharmaceuticals — 0.4%  
Valeant Pharmaceuticals International (a)(e):  
  6.50%, 7/15/16 USD 590   610,650  
  6.88%, 12/01/18   1,210   1,291,675  
  6.38%, 10/15/20   613   643,650  
  
  2,545,975  
 
Professional Services — 0.1%  
La Financiere Atalian SA, 7.25%, 1/15/20 EUR 202   263,862  
Truven Health Analytics, Inc., 10.63%, 6/01/20 (a) USD 540   610,200  
  
  874,062  
 
Real Estate Investment Trusts (REITs) — 0.6%  
Cantor Commercial Real Estate Co. LP, 7.75%, 2/15/18 (a)(e)   634   656,190  
Felcor Lodging LP:  
  6.75%, 6/01/19   1,170   1,248,975  
  5.63%, 3/01/23   291   296,093  
iStar Financial, Inc., 4.88%, 7/01/18   449   445,632  
Ventas Realty LP/Ventas Capital Corp., 4.75%, 6/01/21 (e)   1,300   1,420,435  
  
  4,067,325  
 
Real Estate Management & Development — 1.3%  
Punch Taverns Finance Plc, Series A2R, 6.82%, 7/15/20 GBP 1,115   1,745,580  
Realogy Corp. (a):  
  3.38%, 5/01/16 USD 756   750,330  
  7.88%, 2/15/19 (e)   1,765   1,937,087  
  7.63%, 1/15/20 (e)   1,015   1,149,487  
  9.00%, 1/15/20 (e)   435   505,688  
Shea Homes LP, 8.63%, 5/15/19 (e)   2,110   2,394,850  
  
  8,483,022  
 
Road & Rail — 1.0%  
Asciano Finance Ltd., 3.13%, 9/23/15 (a)(e)   3,400   3,500,997  
The Hertz Corp.:  
  7.50%, 10/15/18   540   587,250  
  6.75%, 4/15/19   405   439,931  
  5.88%, 10/15/20   435   458,925  
                             

 

BLACKROCK LIMITED DURATION INCOME TRUSTMAY 31, 20139
 
Consolidated Schedule of Investments (continued)

BlackRock Limited Duration Income Trust (BLW)

(Percentages shown are based on Net Assets)

Corporate Bonds   Par
(000)
  Value  
 
Road & Rail (concluded)  
The Hertz Corp. (concluded):  
  7.38%, 1/15/21 USD 675 $ 745,875  
  6.25%, 10/15/22 (e)   605   657,181  
Watco Cos. LLC/Watco Finance Corp., 6.38%, 4/01/23 (a)   199   209,448  
  
  6,599,607  
 
Semiconductors & Semiconductor Equipment — 0.2%  
NXP BV/NXP Funding LLC (a):  
  3.75%, 6/01/18   950   935,750  
  5.75%, 2/15/21 (e)   560   588,000  
  
  1,523,750  
 
Software — 0.7%  
IAC/InterActiveCorp, 4.75%, 12/15/22 (a)(e)   527   517,778  
Infor US, Inc., 9.38%, 4/01/19 (e)   2,000   2,255,000  
Nuance Communications, Inc., 5.38%, 8/15/20 (a)(e)   1,715   1,736,437  
  
  4,509,215  
 
Specialty Retail — 1.6%  
Claire's Stores, Inc. (a):  
  9.00%, 3/15/19 (e)   1,034   1,163,250  
  7.75%, 6/01/20   219   221,738  
Michaels Stores, Inc., 7.75%, 11/01/18   317   343,945  
New Academy Finance Co., 8.00%, 6/15/18 (a)(i)   218   224,540  
Party City Holdings, Inc., 8.88%, 8/01/20 (a)   599   672,377  
Penske Automotive Group, Inc., 5.75%, 10/01/22 (a)(e)   705   742,894  
QVC, Inc. (a)(e):  
  7.50%, 10/01/19   410   451,437  
  7.38%, 10/15/20   1,260   1,392,277  
Sally Holdings LLC (e):  
  6.88%, 11/15/19   920   1,020,050  
  5.75%, 6/01/22   425   447,312  
Sonic Automotive, Inc., 5.00%, 5/15/23 (a)   133   132,003  
The Western Union Co., 2.88%, 12/10/17 (e)   4,000   4,079,780  
  
  10,891,603  
 
Textiles, Apparel & Luxury Goods — 0.1%  
Levi Strauss & Co., 6.88%, 5/01/22 (e)   380   421,325  
 
Tobacco — 0.4%  
Reynolds American, Inc., 7.63%, 6/01/16 (e)   2,500   2,958,270  
 
Transportation Infrastructure — 0.8%  
Aguila 3 SA, 7.88%, 1/31/18 (a)   498   535,972  
Corporate Bonds   Par
(000)
  Value  
 
Transportation Infrastructure (concluded)  
Federal Express Corp. 2012 Pass Through Trust, 2.63%, 1/15/18 (a)(e) USD 1,212 $ 1,223,971  
Penske Truck Leasing Co. LP/PTL Finance Corp., 3.13%, 5/11/15 (a)(e)   3,372   3,494,350  
  
  5,254,293  
 
Wireless Telecommunication Services — 2.5%  
Crown Castle International Corp., 5.25%, 1/15/23 (e)   725   734,062  
Crown Castle Towers LLC, 4.52%, 1/15/35 (a)(e)   3,000   3,158,988  
Digicel Group Ltd., 8.25%, 9/30/20 (a)(e)   1,215   1,293,975  
Digicel Ltd., 6.00%, 4/15/21 (a)(c)(e)   2,453   2,440,735  
Softbank Corp., 4.50%, 4/15/20 (a)(e)   1,745   1,770,672  
Sprint Capital Corp., 6.88%, 11/15/28 (e)   1,410   1,410,000  
Sprint Nextel Corp. (a)(e):  
  9.00%, 11/15/18   3,070   3,722,375  
  7.00%, 3/01/20   1,510   1,698,750  
Wind Acquisition Finance SA, 6.50%, 4/30/20 (a)   311   319,553  
  
  16,549,110  
 
Total Corporate Bonds – 68.8%   457,900,743  




 

Floating Rate Loan Interests (b)  
 
Aerospace & Defense — 0.3%  
DigitalGlobe, Inc., Term Loan B, 3.75%, 1/31/20   1,300   1,307,150  
Transdigm, Inc., Term Loan C, 3.75%, 2/28/20   658   665,098  
  
  1,972,248  
 
Airlines — 0.4%  
Delta Air Lines, Inc., Term Loan B, 5.00%, 4/20/17   684   691,567  
Northwest Airlines, Inc.:  
  Term Loan, 2.30%, 3/10/17   300   278,076  
  Term Loan, 2.30%, 3/10/17   301   278,899  
  Term Loan, 1.68%, 9/10/18   251   221,794  
  Term Loan, 1.68%, 9/10/18   255   225,540  
  Term Loan, 1.68%, 9/10/18   253   223,918  
US Airways Group, Inc., Term Loan B1, 4.25%, 5/23/19   840   839,160  
  
  2,758,954  
 
                             

 

BLACKROCK LIMITED DURATION INCOME TRUSTMAY 31, 201310
 
Consolidated Schedule of Investments (continued)

BlackRock Limited Duration Income Trust (BLW)

(Percentages shown are based on Net Assets)

Floating Rate Loan Interests (b)   Par
(000)
  Value  
 
Auto Components — 2.2%  
Affinia Group Intermediate Holdings Inc., Term Loan B2, 4.75%, 4/15/20 USD 910 $ 912,275  
Autoparts Holdings Ltd.:  
  First Lien Term Loan, 6.50%, 7/28/17   964   950,016  
  Second Lien Term Loan, 10.50%, 1/29/18   1,500   1,481,250  
Federal-Mogul Corp.:  
  Term Loan B, 2.13% - 2.14%, 12/29/14   3,840   3,757,405  
  Term Loan C, 2.13% - 2.14%, 12/28/15   3,094   3,023,127  
The Goodyear Tire & Rubber Co., Second Lien Term Loan, 4.75%, 4/30/19   2,985   3,000,761  
Schaeffler AG, Term Loan C, 4.25%, 1/27/17   140   141,691  
Transtar Holding Co., First Lien Term Loan, 5.50%, 10/09/18   1,279   1,291,361  
  
  14,557,886  
 
Beverages — 0.0%  
Le-Nature's, Inc., Tranche B Term Loan, 3/01/11 (f)(l)   1,000   100  
 
Biotechnology — 0.1%  
Grifols, Inc., Term Loan B, 4.25%, 6/01/17   533   536,778  
 
Building Products — 0.3%  
CPG International, Inc., Term Loan, 5.75%, 9/18/19   1,368   1,377,250  
United Subcontractors, Inc., Term Loan, 2.00% - 4.29%, 6/30/15   166   157,797  
Wilsonart International Holdings LLC, Term Loan B, 4.00%, 10/31/19   818   818,155  
  
  2,353,202  
 
Capital Markets — 0.7%  
American Capital Holdings, Inc., Term Loan, 5.50%, 8/22/16   1,462   1,480,275  
HarbourVest Partners LLC, Term Loan B, 4.75%, 11/21/17   880   885,930  
Knight Capital Group, Inc., Term Loan B, 5.25%, 11/10/17   785   777,150  
Nuveen Investments, Inc.:  
  Incremental Term Loan, 4.19%, 5/13/17   1,079   1,082,116  
  Second Lien Term Loan, 6.50%, 2/28/19   685   686,712  
  
  4,912,183  
 
Floating Rate Loan Interests (b)   Par
(000)
  Value  
 
Chemicals — 1.3%  
AI Chem & Cy S.C.A.:  
  Term Loan B1, 4.50%, 10/03/19 USD 323 $ 324,832  
  Term Loan B2, 4.50%, 10/03/19   167   168,749  
American Rock Salt Holdings LLC, Term Loan, 5.50%, 4/25/17   673   676,972  
Chemtura Corp., Exit Term Loan B, 5.50%, 8/27/16   497   502,054  
Evergreen Acqco 1 LP, Term Loan, 5.00%, 7/09/19   779   782,044  
General Chemical Corp., Term Loan, 5.00% - 5.75%, 10/06/15   101   101,726  
INEOS US Finance LLC, 6 Year Term Loan, 4.00%, 5/04/18   904   902,924  
MacDermid, Inc., Tranche C Term Loan, 2.31%, 4/11/14 EUR 411   532,525  
Nexeo Solutions LLC, Term Loan B, 5.00%, 9/08/17 USD 1,274   1,269,223  
Tronox Pigments (Netherlands) BV, Term Loan, 4.50%, 3/19/20   1,083   1,092,219  
US Coatings Acquisition, Inc.:  
  Term Loan, 4.75%, 2/03/20   2,110   2,125,044  
  Term Loan B, 5.25%, 2/03/20 EUR 0.00   0.00  
  
  8,478,312  
 
Commercial Banks — 0.3%  
Everest Acquisition LLC, Term Loan B3, 3.50%, 5/24/18 USD 1,690   1,698,027  
 
Commercial Services & Supplies — 1.8%  
ADS Waste Holdings, Inc., Term Loan B, 4.25%, 10/09/19   1,486   1,495,149  
Altegrity, Inc.:  
  Term Loan, 5.00%, 2/21/15   815   807,363  
  Tranche D Term Loan, 7.75%, 2/20/15   871   878,824  
AWAS Finance Luxembourg 2012 SA, Term Loan, 3.50%, 7/16/18   1,299   1,312,418  
AWAS Finance Luxembourg Sarl, Term Loan B, 3.50%, 6/10/16   967   974,070  
Catalent Pharma Solutions Inc., Term Loan, 6.50%, 12/29/17   370   374,163  
KAR Auction Services, Inc., Term Loan B, 3.75%, 5/19/17   1,440   1,459,402  
Learning Care Group (US) No. 2 Inc, Term Loan B, 6.00%, 5/08/19   390   390,733  
Livingston International Inc., First Lien Term Loan, 5.00%, 4/16/19   780   781,466  
Livingston International, Inc., Second Lien Term Loan, 9.00%, 4/16/20   360   365,400  
Protection One, Inc., Term Loan, 4.25%, 3/21/19   822   827,865  
                             

 

BLACKROCK LIMITED DURATION INCOME TRUSTMAY 31, 201311
 
Consolidated Schedule of Investments (continued)

BlackRock Limited Duration Income Trust (BLW)

(Percentages shown are based on Net Assets)

Floating Rate Loan Interests (b)   Par
(000)
  Value  
 
Commercial Services & Supplies (concluded)  
Spin Holdco Inc., Term Loan B, 4.25%, 11/15/19 USD 1,255 $ 1,261,275  
West Corp., Term Loan B8, 4.25%, 6/29/18   995   1,002,254  
  
  11,930,382  
 
Communications Equipment — 1.9%  
Alcatel-Lucent USA, Inc.:  
  Term Loan B, 6.25%, 8/01/16   590   595,983  
  Term Loan C, 7.25%, 1/30/19   3,641   3,676,519  
  Term Loan D, 7.50%, 1/30/19 EUR 1,232   1,619,191  
Avaya, Inc.:  
  Extended Term Loan B3, 4.77%, 10/26/17 USD 1,093   980,445  
  Term Loan B5, 8.00%, 3/30/18   358   341,496  
CommScope, Inc., Term Loan, 3.75%, 1/12/18   1,225   1,236,098  
Telesat Canada, Term Loan A, 4.83%, 3/24/17 CAD 1,812   1,739,091  
Zayo Group, LLC, Term Loan B, 4.50%, 7/02/19 USD 2,803   2,802,762  
  
  12,991,585  
 
Construction & Engineering — 0.3%  
Centaur LLC:  
  First Lien Term Loan, 5.25%, 2/15/19   1,445   1,457,644  
  Second Lien Term Loan, 8.75%, 2/15/20   710   719,322  
  
  2,176,966  
 
Construction Materials — 0.3%  
HD Supply, Inc., Senior Debt B, 4.50%, 10/12/17   2,102   2,117,840  
 
Consumer Finance — 0.2%  
Moneygram International, Inc, Term Loan B, 4.25%, 3/20/20   635   636,587  
Springleaf Financial Funding Co., Term Loan, 5.50%, 5/10/17   502   503,448  
  
  1,140,035  
 
Containers & Packaging — 0.3%  
Pact Group Pty Ltd., Term Loan B, 3.75%, 5/08/20   1,250   1,262,500  
Sealed Air Corp., Term Loan, 4.00%, 10/03/18   516   521,775  
  
  1,784,275  
 
Distributors — 0.4%  
ABC Supply Co., Inc., Term Loan, 3.50%, 4/16/20   2,105   2,110,894  
Crossmark Holdings, Inc., Term Loan, 4.50%, 12/20/19   384   384,038  
Floating Rate Loan Interests (b)   Par
(000)
  Value  
 
Distributors — (concluded)
VWR Funding, Inc., Extended Term Loan, 4.19%, 4/03/17 USD 459 $ 462,672  
  
  2,957,604  
 
Diversified Consumer Services — 0.9%  
Bright Horizons Family Solutions, Inc., Term Loan B, 4.00% - 5.25%, 1/30/20   783   788,323  
Dundee Holdco 4 Limited, Term Loan, 5.50%, 3/28/20   555   558,469  
Education Management LLC, Term Loan C3, 8.25%, 3/29/18   148   139,321  
Laureate Education, Inc., Extended Term Loan, 5.25%, 6/18/18   1,730   1,735,453  
ServiceMaster Co., Term Loan, 4.25%, 1/31/17   1,292   1,291,517  
Weight Watchers International, Inc., Term Loan B2, 3.75%, 4/02/20   1,200   1,199,328  
  
  5,712,411  
 
Diversified Financial Services — 1.0%  
ION Trading Technologies Ltd Inc:  
  First Lien Term Loan, 4.50%, 5/22/20   560   563,965  
  Second Lien Term Loan, 8.25%, 5/21/21   310   312,325  
Reynolds Group Holdings Inc., Dollar Term Loan, 4.75%, 9/28/18   1,525   1,536,953  
ROC Finance LLC, Term Loan, 5.00%, 5/15/19   630   634,410  
Telesat LLC, Term Loan B, 3.50%, 3/28/19   1,697   1,705,853  
WMG Acquisition Corp.:  
  Delayed Draw Term Loan 1, 4.25%, 7/06/20   619   615,476  
  Delayed Draw Term Loan 2, 3.75%, 7/06/20   96   95,356  
  Term Loan, 3.75%, 5/18/20   1,025   1,030,125  
  
  6,494,463  
 
Diversified Telecommunication Services — 1.9%  
Consolidated Communications, Inc., Term Loan B3, 5.25%, 12/31/18   2,249   2,268,482  
Hawaiian Telcom Communications, Inc., Term Loan B, 7.00%, 2/28/17   1,738   1,748,099  
Integra Telecom Inc.:  
  Second Lien Term Loan, 9.75%, 2/21/20   590   605,907  
  Term Loan, 6.00%, 2/22/19   1,175   1,186,750  
Level 3 Financing, Inc.:  
  2016 Term Loan B, 4.75%, 2/01/16   761   767,835  
                             

 

BLACKROCK LIMITED DURATION INCOME TRUSTMAY 31, 201312
 
Consolidated Schedule of Investments (continued)

BlackRock Limited Duration Income Trust (BLW)

(Percentages shown are based on Net Assets)

Floating Rate Loan Interests (b)   Par
(000)
  Value  
 
Diversified Telecommunication Services (concluded)  
Level 3 Financing, Inc. (concluded):  
  2019 Term Loan B, 5.25%, 8/01/19 USD 0.00 $ 0.00  
  Term Loan, 4.75%, 8/01/19   4,830   4,864,728  
Syniverse Holdings, Inc., Delayed Draw Term Loan, 4.00%, 4/23/19   525   526,806  
US Telepacific Corp., Term Loan B, 5.75%, 2/23/17   493   492,449  
  
  12,461,056  
 
Electronic Equipment, Instruments & Components — 0.1%  
CDW LLC, Term Loan, 3.50%, 4/29/20   850   846,813  
 
Energy Equipment & Services — 0.7%  
API Heat Transfer, Inc., Term Loan, 5.25%, 4/30/19   685   685,000  
Dynegy Holdings Inc., Term Loan B2, 4.00%, 4/23/20   1,370   1,373,137  
MEG Energy Corp., Term Loan, 3.75%, 3/31/20   1,317   1,323,528  
Tervita Corp., Term Loan, 6.25%, 5/15/18   927   937,179  
Unifrax Corp., Term Loan, 4.25%, 11/28/18 USD 554   556,729  
  
  4,875,573  
 
Food & Staples Retailing — 1.0%  
JC Penney Corp., Inc., First Lien Term Loan, 6.00%, 4/30/18   1,890   1,914,816  
Pilot Travel Centers LLC, Term Loan B2, 4.25%, 8/07/19   607   600,880  
Rite Aid Corp.:  
  Second Lien Term Loan, 5.75%, 8/21/20   240   247,450  
  Term Loan 6, 4.00%, 2/21/20   260   261,354  
Sprouts Farmers Markets Holdings, LLC, Term Loan, 4.50%, 4/23/20   630   630,000  
Supervalu Inc, Term Loan B, 5.00%, 3/21/19   919   916,007  
US Foods, Inc., Term Loan, 4.50%, 3/29/19   2,000   1,992,500  
  
  6,563,007  
 
Food Products — 0.7%  
Advance Pierre Foods, Inc., Term Loan, 5.75%, 7/10/17   783   787,689  
Del Monte Foods Co., Term Loan, 4.00%, 3/08/18   586   588,166  
Dole Food Co., Inc., Term Loan, 3.75%, 4/01/20   1,125   1,127,610  
Floating Rate Loan Interests (b)   Par
(000)
  Value  
 
Food Products (concluded)  
Performance Food Group Co., Second Lien Term Loan, 6.25%, 11/29/19 USD 1,050 $ 1,050,263  
Pinnacle Foods Finance LLC, Term Loan G, 3.25%, 4/29/20   1,200   1,200,000  
  
  4,753,728  
 
Health Care Equipment & Supplies — 1.6%  
Arysta LifeScience Corp.:  
  First Lien Term Loan, 4.50%, 5/25/20   1,485   1,491,504  
  Second Lien Term Loan, 8.25%, 11/30/20   530   535,464  
Bausch & Lomb, Inc., Term Loan B, 4.00%, 5/17/19   2,040   2,042,912  
BSN Medical Acquisition Holding GmbH, Term Loan B1A, 5.00%, 8/28/19   700   706,125  
Capital Safety North America Holding, Inc., Term Loan, 4.50%, 1/21/19   990   991,880  
DJO Finance LLC, Term Loan B3, 4.75%, 9/15/17   1,828   1,851,197  
Hologic, Inc., Term Loan B, 4.50%, 8/01/19   1,634   1,643,813  
Immucor, Inc., Term Loan B2, 5.00%, 8/17/18   641   645,435  
LHP Hospital Group, Inc., Term Loan, 9.00%, 7/03/18   854   870,621  
  
  10,778,951  
 
Health Care Providers & Services — 1.5%  
American Renal Holdings, Inc.:  
  First Lien Term Loan, 4.50%, 9/22/19   855   856,607  
  Second Lien Term Loan, 8.50%, 2/14/20   890   895,189  
Ardent Medical Services, Inc., Term Loan, 6.75%, 7/02/18   479   483,985  
CHG Buyer Corp., First Lien Term Loan, 5.00%, 11/22/19   839   847,317  
ConvaTec, Inc., Term Loan, 5.00%, 12/22/16   1,220   1,233,871  
DaVita, Inc., Term Loan B, 4.50%, 10/20/16   1,955   1,971,618  
Emergency Medical Services Corp., Term Loan, 4.00%, 5/25/18   278   279,392  
Genesis HealthCare Corp., Term Loan B, 10.00% - 10.75%, 9/25/17   1,083   1,114,993  
inVentiv Health, Inc.:  
  Combined Term Loan, 7.50%, 8/04/16   360   355,409  
  Incremental Term Loan B3, 7.75%, 5/15/18   232   229,757  
                             

 

BLACKROCK LIMITED DURATION INCOME TRUSTMAY 31, 201313
 
Consolidated Schedule of Investments (continued)

BlackRock Limited Duration Income Trust (BLW)

(Percentages shown are based on Net Assets)

Floating Rate Loan Interests (b)   Par
(000)
  Value  
 
Health Care Providers & Services (concluded)  
Surgical Care Affiliates, Inc., Term Loan B, 4.25%, 6/29/18 USD 600 $ 601,878  
US Renal Care, Inc., First Lien Term Loan, 6.25%, 7/02/19   854   863,152  
  
  9,733,168  
 
Health Care Technology — 0.3%  
IMS Health, Inc., Term Loan B1, 3.75%, 9/01/17   640   643,678  
Kinetic Concepts, Inc., Term Loan C1, 5.50%, 5/04/18   612   619,529  
MedAssets, Inc., Term Loan B, 4.00%, 12/13/19   346   347,567  
Merge Healthcare Inc, Term Loan B, 6.00%, 4/23/19   420   422,100  
  
  2,032,874  
 
Hotels, Restaurants & Leisure — 4.7%  
Alpha D2 Ltd., Extended Term Loan B2, 6.00%, 4/30/19   1,669   1,686,637  
Caesars Entertainment Operating Co., Inc., Extended Term Loan B6, 5.44%, 1/26/18   230   205,328  
Golden Living, Term Loan, 5.00%, 5/04/18   1,062   1,021,933  
Harrah's Property Co., Mezzanine Term Loan, 3.69%, 2/13/14   7,761   7,081,730  
Hilton Hotels Corp.:  
  Mezzanine Class F, 4.45%, 11/12/15   1,275   1,262,200  
  Mezzanine Class G, 4.70%, 11/12/15   9,212   9,120,186  
Kasima LLC, Term Loan B, 3.25%, 5/14/21   1,010   1,011,899  
MGM Resorts International, Term Loan B, 3.50%, 12/20/19   1,248   1,250,909  
OSI Restaurant Partners LLC, Term Loan, 3.50%, 10/25/19   605   604,564  
Sabre, Inc., Term Loan B, 5.25%, 2/19/19   569   575,279  
Station Casinos, Inc., Term Loan B, 5.00%, 3/01/20   3,285   3,315,386  
Travelport LLC:  
  Second Lien PIK Term Loan 2, 8.38%, 12/01/16   1,012   1,003,842  
  Second Lien Term Loan 1, 9.50%, 1/29/16   578   602,024  
Twin River Worldwide Holdings, Inc., Term Loan B, 5.25%, 9/27/18   1,430   1,446,088  
Wendy's International, Inc., Term Loan B, 3.25%, 5/15/19   845   849,645  
  
  31,037,650  
 
Floating Rate Loan Interests (b)   Par
(000)
  Value  
 
Household Products — 0.4%  
Anchor Hocking LLC, Term Loan, 7.50%, 5/06/20 USD 240 $ 242,400  
Prestige Brands, Inc., Term Loan, 3.75%, 1/31/19   674   679,158  
Spectrum Brands, Inc., Term Loan, 4.50% - 5.50%, 12/17/19   1,172   1,185,042  
Waddington North America Inc.:  
  First Lien Term Loan, 4.75%, 5/15/20   385   385,962  
  Second Lien Term Loan, 8.50%, 11/16/20   475   477,375  
  
  2,969,937  
 
Independent Power Producers & Energy Traders — 0.7%  
The AES Corp., Term Loan B, 3.75%, 6/01/18   383   386,691  
Calpine Corp., Term Loan B1, 4.00%, 4/02/18   1,062   1,070,315  
La Frontera Generation, LLC, Term Loan, 4.50%, 9/30/20   1,955   1,969,663  
Star West Generation LLC, Term Loan B, 5.00%, 3/13/20   1,030   1,032,575  
  
  4,459,244  
 
Industrial Conglomerates — 0.3%  
Sequa Corp., Term Loan B, 5.25%, 6/19/17   1,848   1,865,822  
 
Insurance — 1.1%  
Alliant Holdings I, Inc., Term Loan B, 5.00%, 12/20/19   1,072   1,077,674  
Asurion LLC, Term Loan B1, 4.50%, 5/24/19   1,541   1,547,472  
CNO Financial Group, Inc.:  
  Term Loan B1, 3.00%, 9/28/16   941   945,795  
  Term Loan B2, 3.75%, 9/20/18   1,352   1,359,170  

Cooper Gay Swett & Crawford Ltd.:

   First Lien Term Loan, 5.00%, 4/06/20

  1,060   1,071,925  

   Second Lien Term Loan, 8.25%, 10/05/20

  500   508,750  
Cunningham Lindsey US, Inc., First Lien Term Loan, 5.00%, 12/10/19   928   935,792  
  
  7,446,578  
 
Internet Software & Services — 0.1%  
Web.com Group, Inc., Term Loan B, 4.50%, 10/27/17   930   942,479  
 
IT Services — 1.4%  
CCC Information Services, Inc., Term Loan, 4.00%, 12/20/19   309   310,771  
                             

 

BLACKROCK LIMITED DURATION INCOME TRUSTMAY 31, 201314
 
Consolidated Schedule of Investments (continued)

BlackRock Limited Duration Income Trust (BLW)

(Percentages shown are based on Net Assets)

Floating Rate Loan Interests (b)   Par
(000)
  Value  
 
IT Services (concluded)  
Ceridian Corp., Extended Term Loan, 5.95%, 5/09/17 USD 1,084 $ 1,091,413  
First Data Corp.:  
  Extended 2018 Term Loan B, 4.20%, 3/23/18   2,344   2,333,466  
  Term Loan, 4.20%, 3/24/17   0.00   0.00  
  Term Loan, 4.20%, 9/24/18   1,805   1,795,722  
InfoGroup, Inc., Term Loan, 7.50%, 5/25/18   754   685,985  
SunGard Data Systems, Inc.:  
  Term Loan D, 4.50%, 1/31/20   389   393,888  
  Term Loan E, 4.00%, 3/08/20   435   439,624  
TransUnion LLC, Term Loan, 4.25%, 2/10/19   2,591   2,608,782  
  
  9,659,651  
 
Life Sciences Tools & Services — 0.1%  
Patheon, Inc., Term Loan, 7.25%, 12/06/18   468   473,496  
 
Machinery — 1.3%  
Alliance Laundry Systems LLC, Term Loan, 4.50%, 12/07/18   298   300,534  
Dematic S.A., Term Loan, 5.25%, 12/27/19   1,441   1,452,198  
Generac Power Systems, Inc., Term Loan B, 3.50%, 5/30/20   1,425   1,424,401  
Intelligrated, Inc., First Lien Term Loan, 4.50% - 5.50%, 7/30/18   1,095   1,101,341  
Navistar International Corp., Term Loan B, 5.75%, 8/07/17   525   534,835  
Rexnord LLC, Term Loan B, 3.75%, 4/02/18   1,234   1,247,827  
Silver II US Holdings LLC, Term Loan, 4.00%, 12/13/19   1,312   1,311,988  
Terex Corp., Term Loan B, 5.00%, 4/28/17 EUR 176   230,417  
Wabash National Corp., Term Loan B, 4.50% - 7.00%, 5/02/19 USD 1,177   1,183,230  
  
  8,786,771  
 
Media — 6.3%  
AMC Entertainment, Inc., Term Loan, 3.50%, 4/30/20   800   801,624  
Capsugel Holdings US, Inc., Term Loan B, 4.75%, 8/01/18   617   622,303  
Cengage Learning Acquisitions, Inc., Tranche 1 Incremental, 7.50%, 7/03/14   2,010   1,578,981  
Charter Communications Operating LLC, Term Loan D, 3.00%, 4/10/20   1,835   1,823,862  
Clear Channel Communications, Inc.:  
  Term Loan B, 3.84%, 1/29/16   781   725,190  
  Term Loan C, 3.84%, 1/29/16   211   194,679  
  Term Loan D, 6.94%, 1/22/19   3,593   3,352,701  
Floating Rate Loan Interests (b)   Par
(000)
  Value  
 
Media (concluded)  
Cumulus Media, Inc., First Lien Term Loan, 4.50%, 9/17/18 USD 1,417 $ 1,429,293  
EMI Music Publishing Ltd., Term Loan B, 4.25%, 6/29/18   766   770,701  
Fender Musical Instrument Corp., Term Loan B, 5.75%, 4/03/19   275   274,428  
Foxco Acquisition Sub LLC, Term Loan B, 5.50%, 7/14/17   1,168   1,182,754  
Getty Images, Inc., Term Loan B, 4.75%, 10/18/19   1,515   1,523,027  
Houghton Mifflin Harcourt Publishing Co., DIP Term Loan B, 5.25%, 6/01/18   2,158   2,158,200  
Hubbard Broadcasting, Term Loan B, 4.50%, 4/28/17   726   729,456  
Intelsat Jackson Holdings Ltd., Term Loan, 5.25%, 2/03/14   3,318   3,315,058  
Intelsat Jackson Holdings SA, Term Loan B1, 4.25%, 4/02/18   4,159   4,183,224  
Interactive Data Corp., Term Loan B, 3.75%, 2/11/18   2,126   2,131,294  
Kabel Deutschland GmbH, Term Loan F1, 3.25%, 2/01/19   685   684,315  
Lavena Holding 4 GmbH:  
  Term Loan B, 2.62%, 3/06/15 EUR 304   390,662  
  Term Loan C, 3.00%, 3/04/16   304   392,636  
Lavena Holding 4 GmbH (Prosiebensat.1 Media AG), Second Lien Term Loan, 4.12%, 9/02/16   904   1,156,217  
NEP Supershooters LP:  
  Second Lien Term Loan, 9.50%, 8/18/20 USD 340   350,768  
  Term Loan, 4.75%, 1/18/20   1,676   1,693,614  
Rentpath, Inc., Term Loan B, 6.25%, 5/02/20   1,000   983,750  
Salem Communications Corp., Term Loan B, 4.50%, 3/16/20   1,035   1,047,265  
Univision Communications, Inc., Converted Extended Term Loan, 4.50%, 3/02/20   2,454   2,447,441  
UPC Financing Partnership, Term Loan AG, 3.87%, 3/26/21 EUR 442   575,433  
Virgin Media Investment Holdings:  
  Term Loan B, 4.50%, 2/15/20 GBP 2,340   3,583,730  
  Term Loan B, 3.50%, 2/17/20 USD 410   409,209  
WC Luxco Sarl, Term Loan B3, 4.25%, 3/15/18   525   527,637  
WideOpenWest Finance LLC, Term Loan B, 4.75%, 3/26/19   739   744,500  
  
  41,783,952  
 
                             

 

BLACKROCK LIMITED DURATION INCOME TRUSTMAY 31, 201315
 
Consolidated Schedule of Investments (continued)

BlackRock Limited Duration Income Trust (BLW)

(Percentages shown are based on Net Assets)

Floating Rate Loan Interests (b)   Par
(000)
  Value  
 
Metals & Mining — 1.8%  
Ameriforge Group, Inc.:  
  First Lien Term Loan, 6.00%, 12/19/19 USD 948 $ 958,684  
  Second Lien Term Loan, 8.75%, 12/18/20   470   479,400  
Constellium Holdco BV, Term Loan B, 6.25%, 3/25/20   1,355   1,377,019  
FMG America Finance, Inc., Term Loan, 5.25%, 10/18/17   2,999   3,012,948  
Murray Energy Corp., Term Loan B, 4.75%, 5/24/19   350   352,013  
Novelis, Inc., Term Loan, 3.75%, 3/10/17   3,881   3,934,016  
Walter Energy, Inc., Term Loan B, 5.75%, 4/02/18   258   259,284  
Windsor Financing LLC, Term Loan B, 6.25%, 12/05/17   1,603   1,654,904  
  
  12,028,268  
 
Multiline Retail — 1.0%  
99 Cents Only Stores, Term Loan, 5.25%, 1/11/19   794   804,532  
Apex Tool Group LLC, Term Loan B, 4.50%, 2/01/20   700   704,487  
BJ's Wholesale Club, Inc.:  
  Replacement Term Loan, 4.25%, 9/26/19   592   593,692  
  Second Lien Term Loan, 9.75%, 3/26/20   545   558,353  
HEMA Holding BV:  
  Second Lien Term Loan, 5.12%, 1/05/17 EUR 2,600   3,156,312  
  Term Loan B, 2.12%, 7/06/15   334   425,163  
  Term Loan C, 2.87%, 7/05/16   334   427,331  
  
  6,669,870  
 
Oil, Gas & Consumable Fuels — 2.7%  
Chesapeake Energy Corp., Unsecured Term Loan, 5.75%, 12/01/17 USD 2,595   2,658,396  
Gibson Energy ULC, Term Loan B, 4.75%, 6/15/18   1,226   1,240,674  
GIM Channelview Cogeneration, LLC, Term Loan B, 4.25%, 5/04/20   830   832,075  
Obsidian Natural Gas Trust, Term Loan, 7.00%, 11/02/15   1,828   1,837,201  
Pacific Drilling S.A., Term Loan B, 4.50%, 5/30/18   1,005   1,009,080  
Panda Temple Power LCC, Term Loan B, 7.25%, 4/03/19   900   919,125  
Philadelphia Energy Solutions LLC, Term Loan B, 6.25%, 4/04/18   1,490   1,516,075  
Power Team Services, LLC:  
  Delayed Draw Term Loan, 0.50%, 5/06/20   44   44,472  
Floating Rate Loan Interests (b)   Par
(000)
  Value  
 
Oil, Gas & Consumable Fuels (concluded)  
Power Team Services, LLC (concluded):  
  First Lien Term Loan, 4.25%, 5/06/20 USD 356 $ 355,780  
  Second Lien Term Loan, 8.25%, 11/06/20   275   273,625  
Ruby Western Pipeline Holdings LLC, Term Loan B, 3.50%, 3/27/20   1,115   1,120,575  
Samson Investment Co., Second Lien Term Loan, 6.00%, 9/25/18   740   743,885  
Teine Energy Ltd., Second Lien Term Loan, 7.50%, 5/09/19   695   696,738  
Tesoro Corp., Term Loan B, 2.25%, 1/29/16   1,375   1,388,750  
Total Safety US, Inc.:  
  First Lien Term Loan, 5.75%, 2/21/20   1,040   1,046,500  
  Second Lien Term Loan, 9.25%, 8/21/20   404   410,047  
Vantage Drilling Co.:  
  Term Loan, 6.25%, 10/26/17   982   991,098  
  Term Loan B, 5.75%, 3/22/19   735   743,577  
  
  17,827,673  
 
Paper & Forest Products — 0.1%  
NewPage Corp., Exit Term Loan, 7.75%, 12/21/18   825   841,500  
 
Pharmaceuticals — 1.1%  
Aptalis Pharma, Inc., Term Loan B, 5.50%, 2/10/17   1,466   1,470,531  
Par Pharmaceutical Co., Inc., Term Loan B, 4.25%, 9/30/19   1,670   1,671,791  
Pharmaceutical Product Development, Inc., Term Loan B, 4.25%, 12/05/18   1,715   1,725,790  
RPI Finance Trust, Incremental Tranche 2, 4.00%, 11/09/18   457   458,278  
Valeant Pharmaceuticals International, Inc., Term Loan C1, 3.50%, 12/11/19   559   561,656  
Warner Chilcott Corp.:  
  Incremental Term Loan B1, 4.25%, 3/15/18   290   291,473  
  Term Loan B1, 4.25%, 3/15/18   666   669,580  
  Term Loan B2, 4.25%, 3/15/18   236   237,265  
  
  7,086,364  
 
Professional Services — 0.7%  
Booz Allen Hamilton, Inc., Term Loan B, 4.50%, 7/31/19   1,383   1,392,275  
Emdeon, Inc., Term Loan B2, 3.75%, 11/02/18   615   618,600  
                             

 

BLACKROCK LIMITED DURATION INCOME TRUSTMAY 31, 201316
 
Consolidated Schedule of Investments (continued)

BlackRock Limited Duration Income Trust (BLW)

(Percentages shown are based on Net Assets)

Floating Rate Loan Interests (b)   Par
(000)
  Value  
 
Professional Services (concluded)  
ON Assignment, Inc, Term Loan B, 3.50%, 4/30/20 USD 455 $ 457,412  
Sirva Worldwide, Inc., Term Loan, 7.50%, 3/27/19   1,070   1,061,975  
Truven Health Analytics, Inc., Term Loan B, 4.50%, 6/01/19   1,181   1,183,047  
  
  4,713,309  
 
Real Estate Investment Trusts (REITs) — 0.5%  
iStar F