Edgar Filing: BLACKROCK Ltd DURATION INCOME TRUST

/s/ John M. Perlowski

John M. Perlowski

Chief Executive Officer (principal executive officer) of

BlackRock Limited 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^(k)			140		204,843
Genesys Telecommunications Laboratories Inc/Greeneden Lux 3 Sarl/Greeneden US Holdings LLC, 10.00%, 11/30/24^(c)(g)			611		675,919
Infinity Acquisition LLC/Infinity Acquisition Finance Corp., 7.25%, 08/01/22^(c)			46		47,092
Infor Software Parent LLC/Infor Software Parent, Inc., (7.13% Cash or 7.88% PIK), 7.13%, 05/01/21^(c)(g)(h)			545		547,725
Infor US, Inc., 6.50%, 05/15/22^(g)			2,303		2,340,424
Informatica LLC, 7.13%, 07/15/23^(c)(g)			1,725		1,750,875


18

Schedule of Investments (unaudited) (continued)

May 31, 2018

BlackRock Limited Duration Income Trust (BLW)


Security		Par (000)		Value
Software (continued)
Nuance Communications, Inc.:
5.38%, 08/15/20^(c)(g)	USD		36	$	36,135
6.00%, 07/01/24			174		174,870
5.63%, 12/15/26			143		139,425
PTC, Inc., 6.00%, 05/15/24			227		238,350
RP Crown Parent LLC, 7.38%, 10/15/24^(c)			454		467,620
Solera LLC/Solera Finance, Inc., 10.50%, 03/01/24^(c)(g)			2,432		2,698,790
Sophia LP/Sophia Finance, Inc., 9.00%, 09/30/23^(c)(g)			303		319,665
TIBCO Software, Inc., 11.38%, 12/01/21^(c)(g)			784		852,600

					11,919,137
Specialty Retail — 0.3%
Asbury Automotive Group, Inc., 6.00%, 12/15/24^(g)			334		330,660
Catalent Pharma Solutions, Inc., 4.88%, 01/15/26^(c)			324		311,915
Group 1 Automotive, Inc.:
5.00%, 06/01/22^(g)			155		155,387
5.25%, 12/15/23^(c)			18		17,550
Hexion US Finance Corp., 6.63%, 04/15/20			98		92,487
JC Penney Corp., Inc.:
8.13%, 10/01/19^(g)			9		9,326
6.38%, 10/15/36			21		11,760
L Brands, Inc.:
6.88%, 11/01/35^(g)			401		364,409
6.75%, 07/01/36			71		63,900
Masaria Investments SAU, 5.00%, 09/15/24	EUR		100		115,181
Penske Automotive Group, Inc., 5.50%, 05/15/26	USD		32		31,520
PVH Corp., 3.13%, 12/15/27	EUR		100		114,681

					1,618,776
Technology Hardware, Storage & Peripherals — 0.4%
Dell International LLC/EMC Corp.^(c)(g):
4.42%, 06/15/21	USD		40		40,748
7.13%, 06/15/24			651		699,476
6.02%, 06/15/26			135		142,468
8.35%, 07/15/46			80		97,282
Hewlett Packard Enterprise Co., 4.90%, 10/15/25^(g)			375		386,043


Security		Par (000)		Value
Technology Hardware, Storage & Peripherals (continued)
Western Digital Corp., 4.75%, 02/15/26^(g)	USD		786	$	773,227

					2,139,244
Textiles, Apparel & Luxury Goods — 0.0%
BiSoho SAS, 5.88%, 05/01/23	EUR		49		60,225

Thrifts & Mortgage Finance — 0.1%
Jerrold Finco PLC, 6.25%, 09/15/21	GBP		100		136,192
Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.^(c):
5.25%, 03/15/22	USD		31		31,000
5.25%, 10/01/25			284		264,830

					432,022
Tobacco — 0.1%
Reynolds American, Inc., 3.25%, 06/12/20			396		396,344

Transportation — 0.0%
JB Poindexter & Co., Inc., 7.13%, 04/15/26^(c)			103		104,545

Transportation Infrastructure — 0.1%
Rumo Luxembourg Sarl, 7.38%, 02/09/24^(c)			293		303,109
Transurban Finance Co. Property Ltd., 4.13%, 02/02/26^(c)(g)			435		434,501
WFS Global Holding SAS, 9.50%, 07/15/22	EUR		100		122,430

					860,040
Utilities — 0.2%
AES Argentina Generacion SA, 7.75%, 02/02/24^(c)	USD		293		287,492
ContourGlobal Power Holdings SA, 5.13%, 06/15/21	EUR		100		118,676
Generacion Mediterranea SA/Generacion Frias SA/Central Termica Roca SA, 9.63%, 07/27/23^(c)	USD		293		303,539
Inkia Energy Ltd., 5.88%, 11/09/27^(c)			377		354,380
Stoneway Capital Corp., 10.00%, 03/01/27^(c)(g)			293		301,233

					1,365,320
Wireless Telecommunication Services — 2.2%
CoreCivic, Inc., 4.75%, 10/15/27			169		155,058
CyrusOne LP/CyrusOne Finance Corp.:
5.00%, 03/15/24^(g)			510		510,637
5.38%, 03/15/27			50		50,250
Digicel Group Ltd., 8.25%, 09/30/20^(c)			200		151,500
Digicel Ltd., 6.00%, 04/15/21^(c)(g)			2,073		1,899,386
Equinix, Inc., 2.88%, 10/01/25	EUR		100		112,224


			19

Schedule of Investments (unaudited) (continued)

May 31, 2018

BlackRock Limited Duration Income Trust (BLW)


Security		Par (000)		Value
Wireless Telecommunication Services (continued)
Frontier Communications Corp., 8.50%, 04/01/26^(c)	USD		529	$	512,469
Matterhorn Telecom SA:
3.88%, 05/01/22	EUR		100		118,231
4.00%, 11/15/27			100		111,962
Radiate Holdco LLC/Radiate Finance, Inc., 6.63%, 02/15/25^(c)	USD		215		197,263
Rogers Communications, Inc., 5.00%, 03/15/44^(g)			545		573,382
SBA Communications Corp.:
4.00%, 10/01/22^(c)			401		384,960
4.88%, 09/01/24			263		245,579
Sprint Capital Corp.:
6.90%, 05/01/19			135		138,699
6.88%, 11/15/28			21		20,108
8.75%, 03/15/32			262		281,978
Sprint Communications, Inc.:
7.00%, 03/01/20^(c)(g)			904		944,906
7.00%, 08/15/20			125		129,394
Sprint Corp.^(g):
7.88%, 09/15/23			577		605,561
7.13%, 06/15/24			2,162		2,178,215
7.63%, 02/15/25			825		849,750
7.63%, 03/01/26			581		596,977
Sprint Spectrum Co. LLC/Sprint Spectrum Co. II LLC/Sprint Spectrum Co. III LLC, 3.36%, 03/20/23^(c)(g)			455		451,587
T-Mobile USA, Inc.:
4.00%, 04/15/22			197		196,015
6.38%, 03/01/25			282		294,662
6.50%, 01/15/26			227		236,931
4.50%, 02/01/26^(g)			489		459,660
4.75%, 02/01/28^(g)			285		266,475
Uniti Group LP/Uniti Group Finance, Inc./CSL Capital LLC, 8.25%, 10/15/23^(g)			445		433,742
Xplornet Communications, Inc., (9.63% Cash or 10.63% PIK), 9.63%, 06/01/22^(c)(h)			121		127,200

					13,234,761

Total Corporate Bonds — 61.8% (Cost — $383,766,591)					380,244,983


Floating Rate Loan Interests^(d) — 39.8%

Aerospace & Defense — 0.4%
Accudyne Industries LLC, 2017 Term Loan, (1 mo. LIBOR + 3.25% 1.00% Floor), 5.23%, 08/18/24			1,047		1,048,936
DAE Aviation Holdings, Inc., 1st Lien Term Loan, (1 mo. LIBOR + 3.75% 1.00% Floor), 5.73%, 07/07/22			159		159,714


Security		Par (000)		Value
Aerospace & Defense (continued)
Pelican Products, Inc., 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.50%), 5.41%, 05/01/25	USD		330	$	331,238
TransDigm, Inc.:
2018 Term Loan E, (1 mo. LIBOR + 2.50%), 4.48%, 05/30/25			492		490,205
2018 Term Loan F, (1 mo. LIBOR + 2.50%), 4.48%, 06/09/23			541		540,209
WP CPP Holdings LLC, 2018 Term Loan, 6.11%, 04/30/25			130		130,528

					2,700,830
Air Freight & Logistics — 0.2%
Avolon TLB Borrower 1 (US) LLC, Term Loan B3, (1 mo. LIBOR + 2.00%), 3.95%, 01/15/25			200		198,008
CEVA Group PLC, Letter of Credit, (3 mo. LIBOR + 5.50%), 6.50%, 03/19/21^(a)			406		454,923
CEVA Intercompany BV, Dutch Term Loan, (3 mo. LIBOR + 5.50% 1.00% Floor), 7.86%, 03/19/21			73		73,071
CEVA Logistics Canada ULC, Canadian Term Loan, (3 mo. LIBOR + 5.50% 1.00% Floor), 7.86%, 03/19/21			42		41,553
CEVA Logistics US Holdings, Inc., Term Loan, (3 mo. LIBOR + 5.50% 1.00% Floor), 7.86%, 03/19/21			285		284,510
Livingston International, Inc., Term Loan B3, (3 mo. LIBOR + 5.75%), 8.05%, 03/20/20			59		58,702
XPO Logistics, Inc., 2018 Term Loan B, (1 mo. LIBOR + 2.00%), 3.96%, 02/24/25			206		206,588

					1,317,355
Airlines — 0.0%
Northwest Airlines, Inc., Term Loan, (6 mo. LIBOR + 1.23%), 3.30%, 09/10/18^(a)			69		68,501

Auto Components — 0.2%
Dayco Products LLC, 2017 Term Loan B, (3 mo. LIBOR + 5.00%), 7.31%, 05/19/23^(a)			312		312,630
USI, Inc., 2017 Repriced Term Loan, (3 mo. LIBOR + 3.00%), 5.30%, 05/16/24			627		625,970

					938,600


20

Schedule of Investments (unaudited) (continued)

May 31, 2018

BlackRock Limited Duration Income Trust (BLW)


Security		Par (000)		Value
Auto Parts — 0.1%
Mavis Tire Express Services Corp.:
2018 1st Lien Term Loan, (1 mo. LIBOR + 3.25%), 5.20%, 03/20/25	USD		453	$	450,044
2018 Delayed Draw Term Loan, (1 mo. LIBOR + 3.25%), 1.23%, 03/20/25			4		3,972

					454,016
Automobiles — 0.1%
CH Hold Corp.:
1st Lien Term Loan, (1 mo. LIBOR + 3.00% 1.00% Floor), 4.98%, 02/01/24			403		404,362
2nd Lien Term Loan, (1 mo. LIBOR + 7.25% 1.00% Floor), 9.23%, 02/01/25^(a)			110		112,200
FCA US LLC, 2018 Term Loan B, (1 mo. LIBOR + 2.00%), 3.97%, 12/31/18			373		373,275

					889,837
Banks — 0.1%
Banco Espirito Santo SA, 2,176.65% - 4.75%, 01/15/19^(s)	EUR		100		33,026
Capri Finance LLC, 2017 1st Lien Term Loan, (3 mo. LIBOR + 3.25%), 5.61%, 11/01/24	USD		643		635,345

					668,371
Building Materials — 0.1%
Allied Universal HoldCo LLC, 2015 Term Loan, (3 mo. LIBOR + 3.75% 1.00% Floor), 6.05%, 07/28/22			228		224,157
USAGM HoldCo LLC, 2015 2nd Lien Term Loan, (2 mo. LIBOR + 8.50% 1.00% Floor), 10.60%, 07/28/23			290		287,283

					511,440
Building Products — 0.4%
Continental Building Products LLC, 2017 1st Lien Term Loan B, (1 mo. LIBOR + 2.25%), 4.23%, 08/18/23			127		127,209
CPG International, Inc., 2017 Term Loan, (6 mo. LIBOR + 3.75% 1.00% Floor), 5.59%, 05/03/24			629		632,294
GYP Holdings III Corp., 2018 Term Loan B, 5.08%, 04/01/25			325		324,675
Jeld-Wen, Inc., 2017 1st Lien Term Loan, (3 mo. LIBOR + 2.00%), 4.30%, 12/14/24			509		509,203


Security		Par (000)		Value
Building Products (continued)
Wilsonart LLC, 2017 Term Loan B, (3 mo. LIBOR + 3.25% 1.00% Floor), 5.56%, 12/19/23	USD		652	$	653,541

					2,246,922
Capital Markets — 0.3%
Duff & Phelps Corp., 2017 Term Loan B, (3 mo. LIBOR + 3.25% 1.00% Floor), 5.55%, 02/13/25			270		269,663
FinCo I LLC, 2017 Term Loan B, (1 mo. LIBOR + 2.50%), 4.48%, 12/27/22			444		444,300
Greenhill & Co., Inc., 1st Lien Term Loan, (3 mo. LIBOR + 3.75% 1.00% Floor), 5.75%, 10/12/22			422		423,509
RPI Finance Trust, Term Loan B6, (3 mo. LIBOR + 2.00%), 4.30%, 03/27/23			852		853,619

					1,991,091
Chemicals — 1.3%
Alpha 3 BV, 2017 Term Loan B1, (1 mo. LIBOR + 3.00% 1.00% Floor), 5.30%, 01/31/24			869		865,314
Axalta Coating Systems US Holdings, Inc., Term Loan, (3 mo. LIBOR + 1.75%), 4.05%, 06/01/24			1,039		1,038,941
Charter NEX US Holdings, Inc., 2017 Term Loan B, (1 mo. LIBOR + 3.00% 1.00% Floor), 4.98%, 05/16/24			442		441,552
Chemours Co. (The), 2018 Term Loan B, (1 mo. LIBOR + 1.75%), 3.74%, 04/03/25			289		288,290
Element Materials Technology Group US Holdings, Inc., 2017 Term Loan B, (3 mo. LIBOR + 3.50% 1.00% Floor), 5.80%, 06/28/24			214		215,267
Encapsys LLC, 1st Lien Term Loan, (1 mo. LIBOR + 3.25% 1.00% Floor), 5.23%, 11/07/24			335		336,049
Evergreen Acqco 1 LP, Term Loan, (3 mo. LIBOR + 3.75%), 6.11%, 07/09/19			101		96,581
Invictus US LLC:
1st Lien Term Loan, (2 mo. LIBOR + 3.00%), 5.10%, 03/28/25			528		530,028
2nd Lien Term Loan, (1 mo. LIBOR + 6.75%), 8.73%, 03/25/26			135		136,350
MacDermid, Inc.:
Term Loan B6, (1 mo. LIBOR + 3.00% 1.00% Floor), 4.98%, 06/07/23			468		469,715


			21

Schedule of Investments (unaudited) (continued)

May 31, 2018

BlackRock Limited Duration Income Trust (BLW)


Security		Par (000)		Value
Chemicals (continued)
MacDermid, Inc. (continued):
Term Loan B7, (1 mo. LIBOR + 2.50% 1.00% Floor), 4.48%, 06/07/20	USD		571	$	572,565
Oxea Holding Drei GmbH, 2017 Term Loan B2, (3 mo. LIBOR + 3.50%), 5.88%, 10/11/24			1,238		1,239,140
PQ Corp., 2018 Term Loan B, (1 mo. LIBOR + 2.50%), 4.48%, 02/08/25			914		913,995
Tata Chemicals North America, Inc., Term Loan B, (3 mo. LIBOR + 2.75% 1.00% Floor), 5.06%, 08/07/20			476		476,228
Vectra Co., 1st Lien Term Loan, (1 mo. LIBOR + 3.25%), 5.23%, 03/08/25			375		374,767

					7,994,782
Commercial Services & Supplies — 2.2%
Advanced Disposal Services, Inc., Term Loan B3, (1 Week LIBOR + 2.25%), 4.00%, 11/10/23			1,023		1,025,594
Aramark Services, Inc., 2017 Term Loan B1, (1 mo. LIBOR + 2.00%), 3.98%, 03/11/25			495		495,596
Asurion LLC:
2017 2nd Lien Term Loan, (1 mo. LIBOR + 6.00%), 7.98%, 08/04/25			298		305,003
2017 Term Loan B4, (1 mo. LIBOR + 2.75%), 4.73%, 08/04/22			217		217,723
2018 Term Loan B6, (1 mo. LIBOR + 2.75%), 4.73%, 11/03/23			1,382		1,387,275
Camelot UK Holdco Ltd., 2017 Repriced Term Loan, (1 mo. LIBOR + 3.25% 1.00% Floor), 5.23%, 10/03/23			655		655,487
Catalent Pharma Solutions, Inc., Term Loan B, (1 mo. LIBOR + 2.25% 1.00% Floor), 4.23%, 05/20/24			1,176		1,180,220
Clean Harbors, Inc., 2017 Term Loan B, (1 mo. LIBOR + 1.75%), 3.73%, 06/27/24			213		214,055
Creative Artists Agency LLC, 2018 Term Loan B, (1 mo. LIBOR + 3.00%), 4.92%, 02/15/24			953		957,436
Dealer Tire LLC, 2017 Term Loan B, (3 mo. LIBOR + 3.25% 1.00% Floor), 5.67%, 12/22/21^(a)			302		298,454
Employbridge LLC, 2018 Term Loan B, (3 mo. LIBOR + 5.00% 1.00% Floor), 7.50%, 04/10/25			270		272,362
EnergySolutions, LLC, 2018 Term Loan B, (3 mo. LIBOR + 3.75% 1.00% Floor), 5.77%, 05/02/25			185		186,967


Security		Par (000)		Value
Commercial Services & Supplies (continued)
Garda World Security Corp., 2017 Term Loan, (3 mo. LIBOR + 3.50% 1.00% Floor), 5.51%, 05/24/24	USD		280	$	281,292
Harland Clarke Holdings Corp., Term Loan B7, (3 mo. LIBOR + 4.75% 1.00% Floor), 7.05%, 11/03/23			271		266,956
KAR Auction Services, Inc., Term Loan B5, (3 mo. LIBOR + 2.50%), 4.81%, 03/09/23			500		501,192
Learning Care Group, Inc., 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.25% 1.00% Floor), 5.43%, 03/13/25			190		190,475
Prime Security Services Borrower LLC, 2016 1st Lien Term Loan, (1 mo. LIBOR + 2.75% 1.00% Floor), 4.73%, 05/02/22			1,482		1,476,201
US Security Associates Holdings, Inc., 2016 Term Loan, (3 mo. LIBOR + 3.50% 1.00% Floor), 5.80%, 07/14/23			757		760,092
West Corp.:
2017 Term Loan, (1 mo. LIBOR + 4.00% 1.00% Floor), 5.98%, 10/10/24			1,103		1,100,449
2018 Term Loan B1, (1 mo. LIBOR + 3.50% 1.00% Floor), 5.48%, 10/10/24			100		99,089
Wrangler Buyer Corp., Term Loan B, (1 mo. LIBOR + 2.75%), 4.73%, 09/27/24			1,268		1,269,020

					13,140,938
Communications Equipment — 0.3%
Avantor, Inc., 2017 1st Lien Term Loan, (1 mo. LIBOR + 4.00% 1.00% Floor), 5.98%, 11/21/24			889		894,772
Avaya, Inc., Exit Term Loan B (1 mo. LIBOR + 4.75% 1.00% Floor), 6.68%, 12/15/24			517		520,281
CommScope, Inc., Term Loan B5, (1 mo. LIBOR + 2.00%), 3.98%, 12/29/22			258		258,354
Securus Technologies Holdings, Inc., 2017 1st Lien Term Loan, (1 mo. LIBOR + 4.50% 1.00% Floor), 6.48%, 11/01/24			205		205,212

					1,878,619


22

Schedule of Investments (unaudited) (continued)

May 31, 2018

BlackRock Limited Duration Income Trust (BLW)


Security		Par (000)		Value
Construction & Engineering — 0.7%
Brand Energy & Infrastructure Services, Inc., 2017 Term Loan, (3 mo. LIBOR + 4.25% 1.00% Floor), 6.61%, 06/21/24	USD		2,140	$	2,150,765
Engility Corp.:
Term Loan B1, (1 mo. LIBOR + 2.25%), 4.23%, 08/12/20			67		67,085
Term Loan B2, (PRIME + 1.75%), 4.73%, 08/12/23			299		298,660
Pike Corp., 2018 Term Loan B, (1 mo. LIBOR + 3.50% 1.00% Floor), 5.49%, 03/23/25			361		364,918
SRS Distribution Inc., 2018 1st Lien Term Loan B, (3 mo. LIBOR + 3.25%), 5.58%, 05/23/25			805		800,878
USIC Holdings, Inc., 2017 Term Loan B, (3 mo. LIBOR + 3.25% 1.00% Floor), 5.28%, 12/08/23			408		409,166

					4,091,472
Construction Materials — 0.5%
Core & Main LP, 2017 Term Loan B, (6 mo. LIBOR + 3.00% 1.00% Floor), 5.12%, 08/01/24			881		884,608
Filtration Group Corp., 2018 1st Lien Term Loan, (3 mo. LIBOR + 3.00%), 5.30%, 03/29/25			1,625		1,632,313
GYP Holdings III Corp., 2017 Term Loan B, (3 mo. LIBOR + 3.00% 1.00% Floor), 5.36%, 04/01/23			697		696,842

					3,213,763
Containers & Packaging — 0.4%
Berlin Packaging LLC, 2018 Term Loan B, (3 mo. LIBOR + 3.00%), 4.94%, 11/07/25			200		200,166
Berry Global, Inc.:
Term Loan Q, (1 mo. LIBOR + 2.00%), 3.96%, 10/01/22			1,147		1,149,882
Term Loan S, (1 mo. LIBOR + 1.75%), 3.73%, 02/08/20			222		222,551
BWAY Holding Co., 2017 Term Loan B, (3 mo. LIBOR + 3.25%), 5.59%, 04/03/24			563		563,654
Proampac PG Borrower LLC, 2016 1st Lien Term Loan, (1 mo. LIBOR + 3.50% 1.00% Floor), 5.51%, 11/18/23			45		45,197

					2,181,450
Distributors — 0.3%
American Builders & Contractors Supply Co., Inc., 2018 Term Loan B, (1 mo. LIBOR + 2.00%), 3.98%, 10/31/23			928		923,332


Security		Par (000)		Value
Distributors (continued)
TriMark USA LLC, 2017 1st Lien Term Loan, (1 mo. LIBOR + 3.50%), 5.49%, 08/28/24	USD		708	$	706,885

					1,630,217
Diversified Consumer Services — 1.1%
AI Aqua Merger Sub, Inc.:
2017 1st Lien Term Loan B, (1 mo. LIBOR + 3.25% 1.00% Floor), 5.23%, 12/13/23			260		260,097
2017 Incremental Term Loan, (1 mo. LIBOR + 3.25% 1.00% Floor), 5.23%, 12/13/23^(a)			184		183,633
Ascend Learning LLC, 2017 Term Loan B, (1 mo. LIBOR + 3.00% 1.00% Floor), 4.98%, 07/12/24			378		378,573
Bright Horizons Family Solutions, Inc., 2017 Term Loan B, (1 mo. LIBOR + 1.75%), 3.73%, 11/07/23			513		514,250
CHG PPC Parent LLC, 2018 Term Loan B, (1 mo. LIBOR + 2.75%), 4.73%, 03/31/25^(a)			235		235,000
Equian LLC, Add on Term Loan B, (3 mo. LIBOR + 3.25%), 5.20%, 05/20/24			549		551,361
Nomad Foods Europe Midco Ltd., 2017 Term Loan B4, (1 mo. LIBOR + 2.25%), 4.17%, 05/15/24			522		522,513
Serta Simmons Bedding LLC:
1st Lien Term Loan, (1 mo. LIBOR + 3.50% 1.00% Floor), 5.72%, 11/08/23			883		776,898
2nd Lien Term Loan, (3 mo. LIBOR + 8.00% 1.00% Floor), 10.33%, 11/08/24			296		223,940
ServiceMaster Co., 2016 Term Loan B, (1 mo. LIBOR + 2.50%), 4.48%, 11/08/23			731		734,177
Spin Holdco, Inc., 2017 Term Loan B, (2 mo. LIBOR + 3.25% 1.00% Floor), 5.34%, 11/14/22			426		428,678
Uber Technologies, 2018 Term Loan, (1 mo. LIBOR + 4.00% 1.00% Floor), 5.92%, 04/04/25			435		437,536
Weight Watchers International, Inc., 2017 Term Loan B, (1 mo. LIBOR + 4.75%), 6.99%, 11/29/24			1,373		1,387,452

					6,634,108
Diversified Financial Services — 0.4%
AlixPartners LLP, 2017 Term Loan B, (3 mo. LIBOR + 2.75% 1.00% Floor), 5.05%, 04/04/24			1,141		1,143,142


			23

Schedule of Investments (unaudited) (continued)

May 31, 2018

BlackRock Limited Duration Income Trust (BLW)


Security		Par (000)		Value
Diversified Financial Services (continued)
CVS Holdings I LP, 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.00% 1.00% Floor), 4.99%, 02/06/25^(a)	USD		335	$	332,069
EG Finco Ltd., 2018 Term Loan, (3 mo. LIBOR + 4.00%), 6.14%, 02/07/25			261		260,555
Kingpin Intermediate Holdings LLC, 2017 1st Lien Term Loan B, (1 mo. LIBOR + 4.25% 1.00% Floor), 6.23%, 06/28/24^(a)			576		581,089
Oryx Southern Delaware Holdings LLC, Term Loan, (1 mo. LIBOR + 3.25% 1.00% Floor), 5.23%, 02/09/25^(a)			260		257,075

					2,573,930
Diversified Telecommunication Services — 2.1%
CenturyLink, Inc.:
2017 Term Loan A, (1 mo. LIBOR + 2.75%), 4.73%, 11/01/22			889		886,252
2017 Term Loan B, (1 mo. LIBOR + 2.75%), 4.73%, 01/31/25			3,922		3,871,107
Consolidated Communications, Inc., 2016 Term Loan B, (1 mo. LIBOR + 3.00% 1.00% Floor), 4.99%, 10/04/23			138		137,511
Frontier Communications Corp., Delayed Draw Term Loan A, (1 mo. LIBOR + 2.75%), 4.74%, 03/31/21			791		780,606
Hargray Communications Group, Inc., 2017 Term Loan B, (1 mo. LIBOR + 3.00% 1.00% Floor), 4.98%, 05/16/24			558		559,087
Level 3 Financing, Inc., 2017 Term Loan B, (1 mo. LIBOR + 2.25%), 4.21%, 02/22/24			1,953		1,954,363
MTN Infrastructure TopCo, Inc, 1st Lien Term Loan B, (1 mo. LIBOR + 3.00% 1.00% Floor), 4.98%, 11/15/24			610		612,540
Sprint Communications, Inc., 1st Lien Term Loan B, (1 mo. LIBOR + 2.50%), 4.50%, 02/02/24			1,026		1,024,866
Telenet Financing USD LLC:
Term Loan AL, (1 mo. LIBOR + 2.50%), 4.42%, 03/01/26			1,475		1,474,823
USD Term Loan AN, 2.25%, 08/17/26			1,390		1,387,109
Zayo Group LLC:
2017 Incremental Term Loan, (1 mo. LIBOR + 2.25% 1.00% Floor), 4.23%, 01/19]			95		95,475


Security		Par (000)		Value
Diversified Telecommunication Services (continued)
Zayo Group LLC (continued):
2017 Term Loan B1, (1 mo. LIBOR + 2.00%), 3.98%, 01/19/21	USD		343	$	344,269

					13,128,008
Electric Utilities — 0.2%
Dayton Power & Light Company (The), Term Loan B, (1 mo. LIBOR + 2.00%), 3.99%, 08/24/22			240		241,278
TEX Operations Co. LLC:
Exit Term Loan B, (1 mo. LIBOR + 2.50%), 4.48%, 08/04/23			651		649,759
Exit Term Loan C, (1 mo. LIBOR + 2.50%), 4.48%, 08/04/23			117		116,700
Texas Competitive Electric Holdings Co. LLC/TCEH Finance, Inc., Term Loan, 5.03%, 11/10/18^(a)			780		—
Vistra Operations Co. LLC, 2016 Term Loan B2, (1 mo. LIBOR + 2.25%), 4.20%, 12/14/23			152		152,215

					1,159,952
Electrical Equipment — 0.2%
EXC Holdings III Corp., 2017 1st Lien Term Loan, (6 mo. LIBOR + 3.50% 1.00% Floor), 5.16%, 12/02/24			299		301,620
Gates Global LLC, 2017 Repriced Term Loan B, (3 mo. LIBOR + 2.75% 1.00% Floor), 5.05%, 04/01/24			1,178		1,182,232

					1,483,852
Electronic Equipment, Instruments & Components — 0.0%
Zebra Technologies Corporation, 2018 Term Loan B, (3 mo. LIBOR + 1.75%), 4.36%, 10/27/21			232		232,410

Energy Equipment & Services — 0.4%
Gavilan Resources LLC, 2nd Lien Term Loan, (1 mo. LIBOR + 6.00% 1.00% Floor), 7.93%, 03/01/24			778		761,467
GrafTech Finance, Inc., 2018 Term Loan B, (1 mo. LIBOR + 3.50% 1.00% Floor), 5.42%, 02/12/25^(a)			580		581,450
Ocean Rig UDW, Inc., Term Loan, (Fixed + 8.00%), 8.00%, 09/20/24			44		46,346
Pioneer Energy Services Corp., Term Loan, (1 mo. LIBOR + 7.75% 1.00% Floor), 9.68%, 11/08/22^(a)			260		269,750
Seadrill Partners Finco LLC, Term Loan B, (3 mo. LIBOR + 6.00% 1.00% Floor), 8.30%, 02/21/21			282		245,526


24

Schedule of Investments (unaudited) (continued)

May 31, 2018

BlackRock Limited Duration Income Trust (BLW)


Security		Par (000)		Value
Energy Equipment & Services (continued)
Weatherford International Ltd., Term Loan, (1 mo. LIBOR + 1.42%), 3.42%, 07/13/20	USD		426	$	421,306

					2,325,845
Food & Staples Retailing — 0.4%
Albertsons LLC:
2017 Term Loan B4, (1 mo. LIBOR + 2.75%), 4.73%, 08/25/21			261		258,153
2018 ABL Last Out Term Loan, 3.00%, 04/02/23			341		340,255
BJ’s Wholesale Club, Inc., 2017 1st Lien Term Loan, (1 mo. LIBOR + 3.50% 1.00% Floor), 5.42%, 02/03/24			689		689,138
Hostess Brands LLC, 2017 Repriced Term Loan, (1 mo. LIBOR + 2.25%), 4.23%, 08/03/22			649		651,205
US Foods, Inc., 2016 Term Loan B, (1 mo. LIBOR + 2.50%), 4.48%, 06/27/23			653		655,392

					2,594,143
Food Products — 1.1%
CFSP Acquisition Corp., 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.00% 1.00% Floor), 4.95%, 03/21/25			174		173,619
Chobani LLC, 2017 Term Loan B, (1 mo. LIBOR + 3.50% 1.00% Floor), 5.48%, 10/10/23			849		850,215
Dole Food Co., Inc., 2017 Term Loan B, (3 mo. LIBOR + 2.75% 1.00% Floor), 4.71%, 04/06/24			334		333,685
Hearthside Food Solutions LLC, 2018 Term Loan B, 3.00%, 05/23/25			274		273,710
JBS USA LLC, 2017 Term Loan B, (1 mo. LIBOR + 2.50%), 4.65%, 10/30/22			1,618		1,614,316
Pinnacle Foods Finance LLC, 2018 Term Loan B, (1 mo. LIBOR + 1.75%), 3.66%, 02/02/24			439		441,447
Post Holdings Inc., 2017 Series A Incremental Term Loan, (1 mo. LIBOR + 2.00%), 3.97%, 05/24/24			607		607,220
Reddy Ice Corp.:
1st Lien Term Loan, (PRIME + 4.50%), 7.88%, 05/01/19			637		633,744
2nd Lien Term Loan, (3 mo. LIBOR + 9.50%), 11.83%, 11/01/19			233		221,059
Reynolds Group Holdings, Inc., 2017 Term Loan, (1 mo. LIBOR + 2.75%), 4.73%, 02/05/23			1,257		1,258,813


Security		Par (000)		Value
Food Products (continued)
Sigma Bidco BV, 2018 Term Loan B, 1.00%, 02/23/25^(p)	USD		58	$	58,191

					6,466,019
Health Care Equipment & Supplies — 1.0%
Cotiviti Corp., Term Loan B, (3 mo. LIBOR + 2.25%), 4.56%, 09/28/23			618		617,337
CryoLife, Inc., Term Loan B, (3 mo. LIBOR + 4.00% 1.00% Floor), 6.30%, 11/14/24^(a)			583		584,996
DJO Finance LLC, 2015 Term Loan, (1 mo. LIBOR + 3.25% 1.00% Floor), 5.40%, 06/08/20			1,986		1,990,120
Immucor, Inc., Extended Term Loan B, (3 mo. LIBOR + 5.00% 1.00% Floor), 7.30%, 06/15/21^(a)			1,128		1,146,325
Mallinckrodt International Finance SA, Term Loan B, (3 mo. LIBOR + 2.75%), 5.20%, 09/24/24			447		434,027
Ortho-Clinical Diagnostics SA, Term Loan B, (3 mo. LIBOR + 3.75% 1.00% Floor), 5.73%, 06/30/21			1,639		1,638,950

					6,411,755
Health Care Providers & Services — 1.8%
Acadia Healthcare Company, Inc.:
2018 Term Loan B3, (1 mo. LIBOR + 2.50%), 4.48%, 02/11/22			225		226,242
2018 Term Loan B4, (1 mo. LIBOR + 2.50%), 4.48%, 02/16/23			620		624,257
Auris Luxembourg III Sarl, 2017 Term Loan B7, (3 mo. LIBOR + 3.00% 1.00% Floor), 5.30%, 01/17/22			849		850,369
CHG Healthcare Services, Inc., 2017 1st Lien Term Loan B, (2 mo. LIBOR + 3.00% 1.00% Floor), 5.36%, 06/07/23			1,145		1,152,583
Community Health Systems, Inc., Term Loan G, (3 mo. LIBOR + 3.00% 1.00% Floor), 5.31%, 12/31/19			209		208,220
Concentra Inc., 2018 1st Lien Term Loan, (1 mo. LIBOR + 2.75% 1.00% Floor), 4.66%, 06/01/22			605		606,512
Curo Health Services Holdings, Inc., 2015 1st Lien Term Loan, (3 mo. LIBOR + 4.00% 1.00% Floor), 6.09%, 02/07/22			317		317,126
DaVita HealthCare Partners, Inc., Term Loan B, (1 mo. LIBOR + 2.75%), 4.73%, 06/24/21			251		252,858
Diplomat Pharmacy, Inc., 2017 Term Loan B, (1 mo. LIBOR + 4.50% 1.00% Floor), 6.49%, 12/20/24			240		241,186


			25

Schedule of Investments (unaudited) (continued)

May 31, 2018

BlackRock Limited Duration Income Trust (BLW)


Security		Par (000)		Value
Health Care Providers & Services (continued)
Envision Healthcare Corp., 2016 Term Loan B, (1 mo. LIBOR + 3.00%), 4.99%, 12/01/23	USD		1,349	$	1,350,761
HC Group Holdings III, Inc., Term Loan B, (1 mo. LIBOR + 5.00% 1.00% Floor), 6.98%, 04/07/22			814		818,916
HCA, Inc.:
2018 Term Loan B10, (1 mo. LIBOR + 2.00%), 3.98%, 03/13/25			150		151,000
Term Loan B11, (1 mo. LIBOR + 1.75%), 3.73%, 03/18/23			902		906,425
MPH Acquisition Holdings LLC, 2016 Term Loan B, (3 mo. LIBOR + 2.75% 1.00% Floor), 5.05%, 06/07/23			989		990,125
nThrive, Inc., 2016 1st Lien Term Loan, (1 mo. LIBOR + 4.50% 1.00% Floor), 6.48%, 10/20/22			605		602,402
NVA Holdings, Inc., Term Loan B3, (3 mo. LIBOR + 2.75% 1.00% Floor), 5.05%, 02/02/25			647		647,409
Team Health Holdings, Inc., 1st Lien Term Loan, (1 mo. LIBOR + 2.75% 1.00% Floor), 4.73%, 02/06/24			699		673,920
Vizient, Inc., 2017 Term Loan B, (1 mo. LIBOR + 2.75% 1.00% Floor), 4.73%, 02/13/23			193		194,135
WP CityMD Bidco LLC, 2018 1st Lien Term Loan, 5.85%, 06/07/24			255		255,000

					11,069,446
Health Care Technology — 0.3%
Change Healthcare Holdings, Inc., 2017 Term Loan B, (1 mo. LIBOR + 2.75% 1.00% Floor), 4.73%, 03/01/24			1,048		1,047,356
Press Ganey Holdings, Inc.:
2018 1st Lien Term Loan, (1 mo. LIBOROR + 2.75% 1.00% Floor), 4.73%, 10/21/23			634		636,528
2nd Lien Term Loan, (1 mo. LIBOR + 6.50% 1.00% Floor), 8.48%, 10/21/24			97		97,958

					1,781,842
Hotels, Restaurants & Leisure — 1.9%
Aristocrat Technologies, Inc., 2018 1st Lien Term Loan B, (3 mo. LIBOR + 1.75%), 4.10%, 05/01/24			449		446,312
Boyd Gaming Corp., Term Loan B3, (1 Week LIBOR + 2.50%), 4.25%, 09/15/23			500		501,573


Security		Par (000)		Value
Hotels, Restaurants & Leisure (continued)
Bronco Midstream Funding LLC, Term Loan B, (3 mo. LIBOR + 3.50% 1.00% Floor), 5.83%, 08/14/23^(a)	USD		925	$	931,637
Burger King Newco Unlimited Liability Co., Term Loan B3, (1 mo. LIBOR + 2.25% 1.00% Floor), 4.23%, 02/16/24			1,686		1,684,269
Caesars Resort Collection LLC, 2017 1st Lien Term Loan B, (1 mo. LIBOR + 2.75%), 4.73%, 12/22/24			1,492		1,491,898
CCM Merger, Inc., Term Loan B, (1 mo. LIBOR + 2.75%), 4.73%, 08/08/21			489		489,998
CEC Entertainment, Inc., Term Loan B, (1 mo. LIBOR + 3.25% 1.00% Floor), 5.23%, 02/14/21			377		351,336
Cyan Blue Holdco 3 Ltd., 2017 Term Loan B, (3 mo. LIBOR + 2.75%), 5.05%, 08/23/24			507		507,499
ESH Hospitality, Inc., 2018 Term Loan B, (1 mo. LIBOR + 2.00%), 3.98%, 08/30/23			822		822,298
Four Seasons Hotels Ltd., 1st Lien Term Loan, (1 mo. LIBOR + 2.00%), 3.98%, 11/30/23			99		99,011
Gateway Casinos & Entertainment Ltd., 2018 Term Loan B, (3 mo. LIBOR + 3.00%), 5.47%, 12/01/23			50		50,391
GVC Holdings PLC, 2018 Term Loan, (1 mo. LIBOR + 2.50% 1.00% Floor), 4.48%, 03/29/24			330		330,274
Hilton Worldwide Finance LLC, Term Loan B2, (1 mo. LIBOR + 1.75%), 3.71%, 10/25/23			28		27,786
IRB Holding Corp., 1st Lien Term Loan, (1 mo. LIBOR + 3.25% 1.00% Floor), 5.21%, 02/05/25			509		510,724
Lakeland Tours LLC, 2017 1st Lien Term Loan B, (1 mo. LIBOR + 4.00% 1.00% Floor), 6.12%, 12/15/24			308		308,700
Playa Resorts Holding BV, 2017 Term Loan B, (1 mo. LIBOR + 3.25% 1.00% Floor), 5.22%, 04/29/24			438		435,394
Sabre GLBL, Inc., 2018 Term Loan B, (1 mo. LIBOR + 2.00%), 3.98%, 02/22/24			891		890,895
Scientific Games International, Inc., 2018 Term Loan B5, (1 mo. LIBOR + 2.75%), 4.73%, 08/14/24			1,139		1,142,446


26

Schedule of Investments (unaudited) (continued)

May 31, 2018

BlackRock Limited Duration Income Trust (BLW)


Security		Par (000)		Value
Hotels, Restaurants & Leisure (continued)
Wyndham Hotels & Resorts, Inc., Term Loan B, 4.30%, 03/28/25	USD		510	$	511,698

					11,534,139
Household Products — 0.2%
Mastronardi Produce Ltd., Term Loan B, (3 mo. LIBOR + 3.25%), 5.16%, 04/18/25			190		190,950
SIWF Holdings, Inc., 1st Lien Term Loan, 3.75%, 05/17/25^(a)			415		416,037
Spectrum Brands, Inc., 2017 Term Loan B, (3 mo. LIBOR + 2.00%), 4.15%, 06/23/22			926		924,510

					1,531,497
Independent Power and Renewable Electricity Producers — 1.2%
AES Corporation, 2018 Term Loan B, (3 mo. LIBOR + 1.75%), 4.07%, 05/31/22			475		474,506
Calpine Construction Finance Co. LP, 2017 Term Loan B, (1 mo. LIBOR + 2.50%), 4.48%, 01/15/25			814		813,247
Calpine Corp.:
Term Loan B6, (3 mo. LIBOR + 2.50% 1.00% Floor), 4.81%, 01/15/23			269		268,812
Term Loan B7, (3 mo. LIBOR + 2.50%), 4.81%, 05/31/23			256		255,903
Compass Power Generation LLC, 2017 Term Loan B, (3 mo. LIBOR + 3.75% 1.00% Floor), 6.05%, 12/20/24			394		396,310
Dynegy, Inc., 2017 Term Loan C2, (1 mo. LIBOR + 2.50% 1.00% Floor), 4.46%, 02/07/24			1,064		1,063,859
EIF Channelview Cogeneration LLC, 2018 Term Loan B, 5.25%, 05/03/25			150		150,499
Granite Acquisition, Inc.:
Term Loan B, (3 mo. LIBOR + 3.50% 1.00% Floor), 5.81%, 12/19/21			1,057		1,060,342
Term Loan C, (3 mo. LIBOR + 3.50% 1.00% Floor), 5.80%, 12/19/21			174		174,701
Kestrel Acquisition LLC/Hunterstown Generation Facility, 2018 Term Loan B, 5.25%, 05/01/25			410		412,308
Nautilus Power LLC, Term Loan B, (1 mo. LIBOR + 4.25% 1.00% Floor), 6.23%, 05/16/24			561		564,922
Terra-Gen Finance Co. LLC, Term Loan B, (1 mo. LIBOR + 4.25% 1.00% Floor), 6.23%, 12/09/21^(a)			500		449,498


Security		Par (000)		Value
Independent Power and Renewable Electricity Producers (continued)
Vistra Energy Corp., 1st Lien Term Loan B3, 1.00%, 12/01/25^(p)	USD		1,055	$	1,052,215

					7,137,122
Industrial Conglomerates — 0.3%
Cortes NP Acquisition Corp., 2017 Term Loan B, (1 mo. LIBOR + 4.00% 1.00% Floor), 5.91%, 11/30/23			1,484		1,463,913
Sequa Mezzanine Holdings LLC, 1st Lien Term Loan, (3 mo. LIBOR + 5.00% 1.00% Floor), 7.07%, 11/28/21			526		525,492

					1,989,405
Insurance — 0.9%
Alliant Holdings I, Inc., 2018 Term Loan B, (3 mo. LIBOR + 3.00%), 4.93%, 05/09/25			837		836,384
AmWINS Group, Inc., 2017 Term Loan B, (1 mo. LIBOR + 2.75% 1.00% Floor), 4.70%, 01/25/24			617		617,477
AssuredPartners, Inc., 2017 1st Lien Add-On Term Loan, (1 mo. LIBOR + 3.25%), 5.23%, 10/22/24			597		596,198
Davis Vision, Inc., 1st Lien Term Loan B, (1 mo. LIBOR + 3.00% 1.00% Floor), 4.98%, 12/02/24			604		600,289
Hub International Limited, 2018 Term Loan B, (2 mo. LIBOR + 3.00%), 5.36%, 04/25/25			745		743,450
Sedgwick Claims Management Services, Inc.:
1st Lien Term Loan, (1 mo. LIBOR + 2.75% 1.00% Floor), 4.73%, 03/01/21			1,131		1,128,393
2nd Lien Term Loan, (3 mo. LIBOR + 5.75% 1.00% Floor), 7.80%, 02/28/22			765		765,000
Stratose Intermediate Holdings II LLC, 1st Lien Term Loan, (1 mo. LIBOR + 3.25% 1.00% Floor), 5.23%, 06/22/23			383		385,093

					5,672,284
Internet & Direct Marketing Retail — 0.1%
Harbor Freight Tools USA, Inc., 2018 Term Loan B, (1 mo. LIBOR + 2.50%), 4.48%, 08/18/23			537		536,697

Internet Software & Services — 0.6%
Go Daddy Operating Company LLC, 2017 Repriced Term Loan, (1 mo. LIBOR + 2.25%), 4.23%, 02/15/24			1,290		1,293,708
GTT Communications, Inc., 2018 Term Loan B, 5.11%, 04/28/25			316		310,949


			27

Schedule of Investments (unaudited) (continued)

May 31, 2018

BlackRock Limited Duration Income Trust (BLW)


Security		Par (000)		Value
Internet Software & Services (continued)
Inmar Holdings, Inc., 2017 1st Lien Term Loan, (1 mo. LIBOR + 3.50% 1.00% Floor), 5.48%, 05/01/24	USD		294	$	294,807
Rackspace Hosting, Inc., 2017 Incremental 1st Lien Term Loan, (3 mo. LIBOR OR + 3.00% 1.00% Floor), 5.36%, 11/03/23			1,044		1,036,140
TierPoint LLC, 2017 1st Lien Term Loan, (1 mo. LIBOR + 3.75% 1.00% Floor), 5.73%, 05/06/24			690		668,030

					3,603,634
IT Services — 2.1%
Access CIG LLC:
2018 1st Lien Term Loan, (1 mo. LIBOR + 3.75%), 5.73%, 02/27/25			170		171,116
2018 2nd Lien Term Loan, (1 mo. LIBOR + 7.75%), 9.73%, 02/27/26			71		71,399
Altran Technologies SA, 1st Lien Term Loan, (2 mo. LIBOR + 2.75%), 4.80%, 03/20/25			215		215,699
Blackhawk Network Holdings, Inc, 2018 1st Lien Term Loan, 3.00%, 05/23/25			556		555,778
First Data Corp., 2024 Term Loan, (1 mo. LIBOR + 2.00%), 3.97%, 04/26/24			3,345		3,342,869
Greeneden US Holdings II LLC, 2018 Term Loan B, (3 mo. LIBOR + 3.50%), 5.80%, 12/01/23			394		396,092
Optiv Security, Inc.:
1st Lien Term Loan, (1 mo. LIBOR + 3.25% 1.00% Floor), 5.25%, 02/01/24			1,223		1,192,232
2nd Lien Term Loan, (1 mo. LIBOR + 7.25% 1.00% Floor), 9.25%, 02/01/25			314		301,316
Peak 10 Holding Corp.:
2017 1st Lien Term Loan, (3 mo. LIBOR + 3.50% 1.00% Floor), 5.80%, 08/01/24			693		681,571
2nd Lien Term Loan, (3 mo. LIBOR + 7.25% 1.00% Floor), 9.61%, 08/01/25			513		515,406
TKC Holdings, Inc.:
2017 1st Lien Term Loan, (1 mo. LIBOR + 4.25% 1.00% Floor), 6.23%, 02/01/23			724		727,364
2017 2nd Lien Term Loan, (3 mo. LIBOR + 8.00% 1.00% Floor), 9.98%, 02/01/24			510		512,234


Security		Par (000)		Value
IT Services (continued)
Trans Union LLC, Term Loan B3, (1 mo. LIBOR + 2.00%), 3.98%, 04/10/23	USD		1,134	$	1,131,018
Vantiv LLC, 2017 Term Loan B, (1 mo. LIBOR + 2.00%), 3.92%, 10/14/23			513		513,259
VF Holding Corp., Reprice Term Loan, (1 mo. LIBOR + 3.25% 1.00% Floor), 5.23%, 06/30/23			1,438		1,438,546
WEX, Inc., 2017 Term Loan B2, (1 mo. LIBOR + 2.25%), 4.23%, 06/30/23			1,248		1,251,919

					13,017,818
Life Sciences Tools & Services — 0.1%
Albany Molecular Research, Inc.:
2017 1st Lien Term Loan, (1 mo. LIBOR + 3.25% 1.00% Floor), 5.23%, 08/30/24			180		179,258
2017 2nd Lien Term Loan, (1 mo. LIBOR + 7.00% 1.00% Floor), 8.98%, 08/30/25			130		131,408
Parexel International Corp., Term Loan B, (1 mo. LIBOR + 2.75%), 4.73%, 09/27/24			387		387,022

					697,688
Machinery — 0.8%
Clark Equipment Co., 2018 Term Loan B, (3 mo. LIBOR + 2.00%), 4.30%, 05/18/24			325		324,844
Columbus McKinnon Corp., 2018 Term Loan B, (3 mo. LIBOR + 2.50% 1.00% Floor), 4.80%, 01/31/24^(a)			86		85,995
Gardner Denver, Inc., 2017 Term Loan B, (3 mo. LIBOR + 2.75%), 5.05%, 07/30/24			885		887,719
Hayward Industries, Inc., 1st Lien Term Loan, (1 mo. LIBOR + 3.50%), 5.48%, 08/05/24			491		493,830
Infiltrator Systems, Inc., 2017 1st Lien Term Loan B, (3 mo. LIBOR + 3.00% 1.00% Floor), 5.30%, 05/27/22			753		756,005
Mueller Water Products, Inc., 2017 Term Loan B, (1 mo. LIBOR + 2.50%), 4.58%, 11/25/21			295		297,132
Rexnord LLC, 2017 Term Loan B, (1 mo. LIBOR + 2.25%), 4.21%, 08/21/24			381		382,066
Tecomet, Inc., 2017 Repriced Term Loan, (1 mo. LIBOR + 3.50% 1.00% Floor), 5.41%, 05/01/24			631		631,683


28

Schedule of Investments (unaudited) (continued)

May 31, 2018

BlackRock Limited Duration Income Trust (BLW)


Security		Par (000)		Value
Machinery (continued)
Titan Acquisition Ltd., 2018 Term Loan B, (2 mo. LIBOR + 3.00%), 5.06%, 03/28/25	USD		851	$	844,138

					4,703,412
Media — 3.5%
Altice Financing SA, 2017 1st Lien Term Loan, (3 mo. LIBOR + 2.75%), 5.10%, 01/31/26			83		81,462
Altice US Finance I Corp., 2017 Term Loan, (1 mo. LIBOR + 2.25%), 4.23%, 07/28/25			2,182		2,171,694
Cable One, Inc., 2017 Term Loan B, (3 mo. LIBOR + 1.75%), 4.06%, 05/01/24^(a)			258		259,126
CBS Radio, Inc., 2017 Term Loan B, (PRIME + 1.75%), 4.70%, 11/17/24			374		370,043
Charter Communications Operating LLC:
2017 Term Loan A2, (1 mo. LIBOR + 1.50%), 3.49%, 03/31/23			1,030		1,028,534
2017 Term Loan B, (1 mo. LIBOR + 2.00%), 3.99%, 04/30/25			1,791		1,793,270
CSC Holdings LLC:
2017 1st Lien Term Loan, (1 mo. LIBOR + 2.25%), 4.17%, 07/17/25			1,489		1,482,219
2018 Term Loan B, (1 mo. LIBOR + 2.50%), 4.42%, 01/25/26			460		458,850
Getty Images, Inc., Term Loan B, (3 mo. LIBOR + 3.50%), 5.80%, 10/18/19			102		98,244
Gray Television, Inc., 2017 Term Loan B, (3 mo. LIBOR + 2.25%), 4.17%, 02/07/24			499		500,158
iHeartCommunications, Inc. (j):
Extended Term Loan E, (3 mo. LIBOR + 7.50%), 9.19%, 07/30/19			215		168,184
Term Loan D, (3 mo. LIBOR + 6.75%), 8.44%, 01/30/19			1,341		1,052,749
Intelsat Jackson Holdings SA, 2017 Term Loan B4, (1 mo. LIBOR + 4.50% 1.00% Floor), 6.47%, 01/02/24			583		602,827
Lamar Media Corp., 2018 Term Loan B, (1 mo. LIBOR + 1.75%), 3.69%, 03/14/25			240		241,099
Learfield Communications LLC^(a):
2016 1st Lien Term Loan, (1 mo. LIBOR + 3.25% 1.00% Floor), 5.24%, 12/01/23			591		594,869
2017 1st Lien Term Loan, 4.25%, 12/01/23			202		202,969
MH Sub I LLC, 2017 1st Lien Term Loan, (1 mo. LIBOR + 3.75%), 5.68%, 09/13/24			279		279,298


Security		Par (000)		Value
Media (continued)
Mission Broadcasting, Inc., 2017 Term Loan B2, (1 mo. LIBOR + 2.50%), 4.41%, 01/17/24	USD		64	$	64,278
Nexstar Broadcasting, Inc., 2017 Term Loan B2, (1 mo. LIBOR + 2.50%), 4.41%, 01/17/24			500		500,542
Numericable Group SA, Term Loan B12, (3 mo. LIBOR + 3.00%), 5.35%, 01/31/26			257		252,574
PSAV Holdings LLC, 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.25% 1.00% Floor), 5.22%, 03/01/25			315		313,819
Radiate Holdco LLC, 1st Lien Term Loan, (1 mo. LIBOR + 3.00%), 4.98%, 02/01/24			446		438,653
SBA Senior Finance II LLC, 2018 Term Loan B, (1 mo. LIBOR + 2.00%), 3.99%, 04/11/25			670		668,908
Sinclair Television Group, Inc., 2017 Term Loan B, 2.50%, 12/12/24			387		386,516
Stars Group Holdings B.V. (The), 2018 USD Term Loan B, (3 mo. LIBOR + 3.00%), 5.32%, 04/06/25			1,323		1,323,170
Trader Corp., 2017 Term Loan B, (3 mo. LIBOR + 3.00% 1.00% Floor), 5.30%, 09/28/23			517		515,941
Tribune Media Co., Term Loan C, (1 mo. LIBOR + 3.00%), 4.98%, 01/27/24			1,222		1,220,289
Unitymedia Finance LLC, Term Loan B, (1 mo. LIBOR + 2.25%), 4.17%, 09/30/25			691		690,261
Unitymedia Hessen GmbH & Co. KG, 2018 Term Loan B, 1.00%, 05/24/23^(p)			427		429,553
Virgin Media Bristol LLC, 2017 Term Loan, (1 mo. LIBOR + 2.50%), 4.42%, 01/15/26			1,795		1,789,076
William Morris Endeavor Entertainment LLC, 2018 1st Lien Term Loan, (1 mo. LIBOR + 2.75%), 4.74%, 05/18/25			379		376,024
WMG Acquisition Corp., 2017 Term Loan E, (1 mo. LIBOR + 2.25%), 4.23%, 11/01/23			702		701,221
Ziggo Secured Finance Partnership, Term Loan E, (1 mo. LIBOR + 2.50%), 4.42%, 04/15/25			435		432,381

					21,488,801
Metals & Mining — 0.1%
AMG Advanced Metallurgical Group NV, 2018 Term Loan B, (3 mo. LIBOR + 3.00%), 5.30%, 01/29/25^(a)			330		332,236


			29

Schedule of Investments (unaudited) (continued)

May 31, 2018

BlackRock Limited Duration Income Trust (BLW)


Security		Par (000)		Value
Metals & Mining (continued)
WireCo WorldGroup, Inc., 1st Lien Term Loan, (1 mo. LIBOR + 5.00% 1.00% Floor), 6.98%, 09/30/23	USD		185	$	185,595

					517,831
Multiline Retail — 0.2%
Hudson’s Bay Co., 2015 Term Loan B, (1 mo. LIBOR + 3.25% 1.00% Floor), 5.22%, 09/30/22			966		899,193
Neiman Marcus Group, Inc., 2020 Term Loan, (1 mo. LIBOR + 3.25% 1.00% Floor), 5.17%, 10/25/20			377		333,500

					1,232,693
Oil & Gas Equipment & Services — 0.1%
McDermott Technology Americas, Inc., 2018 1st Lien Term Loan, (1 mo. LIBOR + 5.00% 1.00% Floor), 6.91%, 05/10/25			613		617,235

Oil, Gas & Consumable Fuels — 1.2%
BCP Raptor LLC, Term Loan B, (2 mo. LIBOR + 4.25% 1.00% Floor), 6.31%, 06/24/24			917		893,252
Brazos Delaware II, LLC, Term Loan B, (1 mo. LIBOR + 4.00%), 5.95%, 05/21/25			461		459,847
California Resources Corp.:
2017 1st Lien Term Loan, (1 mo. LIBOR + 4.75%), 6.70%, 12/31/22			651		665,374
Second Out Term Loan, (1 mo. LIBOR + 10.37% 1.00% Floor), 12.34%, 12/31/21			745		834,943
Chesapeake Energy Corp., Term Loan, (1 mo. LIBOR + 7.50% 1.00% Floor), 9.47%, 08/23/21			962		1,009,664
CONSOL Energy, Inc.:
1st Lien Term Loan A, (1 Week LIBOR + 4.50%), 6.58%, 11/26/21^(a)			106		106,117
1st Lien Term Loan B, (1 mo. LIBOR + 6.00% 1.00% Floor), 8.32%, 10/26/22			636		651,337
EG Group Ltd., 2018 Term Loan B, (3 mo. LIBOR + 4.00%), 6.34%, 02/06/25			255		254,151
EWT Holdings III Corp., 2017 Repriced Term Loan, (3 mo. LIBOR + 3.00%), 5.30%, 12/20/24			272		273,040


Security		Par (000)		Value
Oil, Gas & Consumable Fuels (continued)
Lucid Energy Group II LLC, 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.00% 1.00% Floor), 4.93%, 02/17/25^(a)	USD		395	$	391,050
Medallion Midland Acquisition LLC, 1st Lien Term Loan, (1 mo. LIBOR + 3.25% 1.00% Floor), 5.23%, 10/30/24^(a)			544		534,803
MEG Energy Corp., 2017 Term Loan B, (3 mo. LIBOR + 3.50% 1.00% Floor), 5.81%, 12/31/23			142		142,698
Ultra Resources, Inc., 1st Lien Term Loan, (1 mo. LIBOR + 3.00% 1.00% Floor), 4.93%, 04/12/24			201		183,658
Vine Oil & Gas LP, Term Loan B, (1 mo. LIBOR + 6.87% 1.00% Floor), 8.86%, 12/12/21^(a)			383		382,043
Woodford Express LLC, 2018 Term Loan B, (1 mo. LIBOR + 5.00% 1.00% Floor), 6.98%, 01/17/25			360		347,512

					7,129,489
Personal Products — 0.3%
Clover Merger Sub, Inc.:
2017 1st Lien Term Loan, (1 mo. LIBOR + 3.50% 1.00% Floor), 5.48%, 09/26/24			1,235		1,092,322
2017 2nd Lien Term Loan, (1 mo. LIBOR + 7.75% 1.00% Floor), 9.73%, 09/26/25			544		419,560
Prestige Brands, Inc., Term Loan B4, (1 mo. LIBOR + 2.00%), 3.98%, 01/26/24			391		392,096

					1,903,978
Pharmaceuticals — 1.2%
Akorn, Inc., Term Loan B, (1 mo. LIBOR + 4.25% 1.00% Floor), 6.25%, 04/16/21^(a)			797		775,113
Amneal Pharmaceuticals LLC, 2018 Term Loan B, (3 mo. LIBOR + 3.50%), 5.63%, 05/04/25			1,155		1,152,113
Endo Luxembourg Finance Company I Sarl, 2017 Term Loan B, (1 mo. LIBOR + 4.25%), 6.25%, 04/29/24			675		667,597
Grifols Worldwide Operations USA, Inc., 2017 Acquisition Term Loan, (1 Week LIBOR + 2.25%), 4.00%, 01/31/25			1,228		1,231,000
Jaguar Holding Company II, 2018 Term Loan, (3 mo. LIBOR + 2.50% 1.00% Floor), 4.65%, 08/18/22			1,523		1,521,445


30

Schedule of Investments (unaudited) (continued)

May 31, 2018

BlackRock Limited Duration Income Trust (BLW)


Security		Par (000)		Value
Pharmaceuticals (continued)
Valeant Pharmaceuticals International, Inc.:
2018 Term Loan B, 5.33%, 05/17/25	USD		480	$	480,782
Series F4 Term Loan B, (1 mo. LIBOR + 3.50%), 5.42%, 04/01/22			1,371		1,372,649

					7,200,699
Professional Services — 0.4%
Cast and Crew Payroll LLC, 2017 1st Lien Term Loan B, (3 mo. LIBOR + 2.75%), 4.68%, 09/27/24			743		741,844
Information Resources, Inc., 1st Lien Term Loan, (3 mo. LIBOR + 4.25% 1.00% Floor), 6.57%, 01/18/24			342		343,046
ON Assignment, Inc., 2018 Term Loan B, (1 mo. LIBOR + 2.00%), 3.98%, 04/02/25			352		352,309
PricewaterhouseCoopers LLP, 2018 Term Loan, (3 mo. LIBOR + 3.25%), 5.16%, 05/01/25^(a)			310		311,550
SIRVA Worldwide, Inc., 2016 Term Loan, (3 mo. LIBOR + 6.50% 1.00% Floor), 8.72%, 11/14/22^(a)			220		221,630
Sterling Infosystems, Inc., 1st Lien Term Loan, (1 mo. LIBOR + 3.50% 1.00% Floor), 5.48%, 06/20/22^(a)			584		580,613

					2,550,992
Real Estate Investment Trusts (REITs) — 0.6%
Capital Automotive LP, 2017 1st Lien Term Loan, (1 mo. LIBOR + 2.50% 1.00% Floor), 4.49%, 03/24/24			246		246,317
MGM Growth Properties Operating Partnership LP, 2016 Term Loan B, (1 Week LIBOR + 2.00%), 3.75%, 04/25/23			1,372		1,370,689
RHP Hotel Properties LP, 2017 Term Loan B, (1 mo. LIBOR + 2.25%), 4.17%, 05/11/24			406		407,828
VICI Properties 1 LLC, Replacement Term Loan B, (1 mo. LIBOR + 2.00%), 3.96%, 12/20/24			1,873		1,871,674

					3,896,508
Real Estate Management & Development — 0.4%
CityCenter Holdings LLC, 2017 Term Loan B, (1 mo. LIBOR + 2.25%), 4.23%, 04/18/24			1,377		1,376,779
Realogy Corp., 2018 Term Loan B, (1 mo. LIBOR + 2.25%), 4.18%, 02/08/25			810		813,291


Security		Par (000)		Value
Real Estate Management & Development (continued)
SMG Holdings, Inc., 2017 1st Lien Term Loan, (1 mo. LIBOR + 3.25%), 5.23%, 01/23/25	USD		305	$	305,891

					2,495,961
Restaurants — 0.1%
KFC Holding Co., 2018 Term Loan B, (1 mo. LIBOR + 1.75%), 3.69%, 04/03/25			512		513,891

Road & Rail — 0.3%
PODS LLC, Term Loan B3, (1 mo. LIBOR + 3.00% 1.00% Floor), 4.93%, 12/06/24			1,186		1,071,484
Road Infrastructure Investment LLC, 2016 1st Lien Term Loan, (PRIME + 2.50%), 5.48%, 06/13/23			527		527,808

					1,599,292
Semiconductors & Semiconductor Equipment — 0.2%
Cavium, Inc., 2017 Term Loan B, (1 mo. LIBOR + 2.25%), 4.22%, 08/16/22^(a)			234		234,382
MaxLinear, Inc., Term Loan B, (1 mo. LIBOR + 2.50%), 4.42%, 05/12/24^(a)			125		124,800
Microchip Technology Incorporated, 2018 Term Loan B, 4.32%, 05/29/25			875		879,594
ON Semiconductor Corporation, 2018 1st Lien Term Loan, (1 mo. LIBOR + 1.75%), 3.73%, 03/31/23			167		166,816

					1,405,592
Software — 4.0%
Almonde, Inc.:
1st Lien Term Loan, (3 mo. LIBOR + 3.50% 1.00% Floor), 5.81%, 06/13/24			630		619,839
2nd Lien Term Loan, (3 mo. LIBOR + 7.25% 1.00% Floor), 9.56%, 06/13/25			85		81,946
Applied Systems, Inc.:
2017 1st Lien Term Loan, (3 mo. LIBOR + 3.00% 1.00% Floor), 5.30%, 09/19/24			642		646,049
2017 2nd Lien Term Loan, (3 mo. LIBOR + 7.00% 1.00% Floor), 9.30%, 09/19/25			160		164,974
Aptean, Inc., 2017 1st Lien Term Loan, (3 mo. LIBOR + 4.25% 1.00% Floor), 6.56%, 12/20/22			376		376,294
Barracuda Networks, Inc., 1st Lien Term Loan, (1 mo. LIBOR + 3.25% 1.00% Floor), 5.17%, 02/12/25			310		311,420


			31

Schedule of Investments (unaudited) (continued)

May 31, 2018

BlackRock Limited Duration Income Trust (BLW)


Security		Par (000)		Value
Software (continued)
BMC Software Finance, Inc., 2017 1st Lien Term Loan, (1 mo. LIBOR + 3.25%), 5.23%, 09/10/22	USD		390	$	390,919
Cypress Intermediate Holdings III, Inc.:
2017 1st Lien Term Loan, (1 mo. LIBOR + 3.00% 1.00% Floor), 4.99%, 04/27/24			292		292,091
2017 2nd Lien Term Loan, (1 mo. LIBOR + 6.75% 1.00% Floor), 8.73%, 04/27/25			248		249,086
Dell, Inc., 2017 1st Lien Term Loan, (1 mo. LIBOR + 2.00%), 3.99%, 09/07/23			875		874,419
Digicel International Finance Ltd., 2017 Term Loan B, (3 mo. LIBOR + 3.25%), 5.61%, 05/28/24			417		405,684
DTI Holdco, Inc., 2018 Term Loan B, (1 mo. LIBOR + 4.75% 1.00% Floor), 6.73%, 10/02/23^(a)			504		501,732
Flexera Software LLC, 2018 1st Lien Term Loan, (1 mo. LIBOR + 3.25% 1.00% Floor), 5.24%, 02/26/25			195		195,634
Hyland Software, Inc.:
2017 1st Lien Term Loan, (PRIME + 2.25%), 5.23%, 07/01/22			477		480,165
2017 2nd Lien Term Loan, (PRIME + 6.00%), 8.98%, 07/07/25			235		238,819
Infor (US), Inc., Term Loan B6, (1 mo. LIBOR + 2.75% 1.00% Floor), 4.73%, 02/01/22			1,358		1,357,571
Informatica Corp., 2018 Term Loan, (1 mo. LIBOR + 3.25%), 5.23%, 08/05/22			1,060		1,066,841
IQOR US, Inc., Term Loan B, (3 mo. LIBOR + 5.00% 1.00% Floor), 7.31%, 04/01/21			373		372,376
Kronos, Inc.:
2017 Term Loan B, (3 mo. LIBOR + 3.00% 1.00% Floor), 5.36%, 11/01/23			1,278		1,283,653
2nd Lien Term Loan, (3 mo. LIBOR + 8.25% 1.00% Floor), 10.61%, 11/01/24			615		636,525
MA FinanceCo. LLC, Term Loan B3, (1 mo. LIBOR + 2.75%), 4.73%, 06/21/24			90		89,727
McAfee LLC, 2017 Term Loan B, (1 mo. LIBOR + 4.50% 1.00% Floor), 6.47%, 09/30/24			711		715,736


Security		Par (000)		Value
Software (continued)
Mitchell International, Inc.:
2017 1st Lien Term Loan, (1 mo. LIBOR + 3.25% 1.00% Floor), 5.23%, 11/29/24	USD		1,258	$	1,257,527
2017 2nd Lien Term Loan, (1 mo. LIBOR + 7.25%), 9.23%, 11/20/25			400		402,332
2017 Delayed Draw Term Loan, (UNFND + 3.25%), 5.22%, 11/29/24			102		101,604
Project Alpha Intermediate Holding, Inc., 2017 Term Loan B, (6 mo. LIBOR + 3.50% 1.00% Floor), 5.99%, 04/26/24			653		650,311
Project Leopard Holdings, Inc., 2018 Term Loan, (1 mo. LIBOR + 4.00% 1.00% Floor), 5.98%, 07/07/23			279		282,084
Renaissance Learning, Inc., 2018 Add On Term Loan, 3.25%, 05/18/25			240		240,000
Seattle Spinco, Inc., Term Loan B3, (1 mo. LIBOR + 2.75%), 4.73%, 06/21/24			608		605,951
SolarWinds Holdings, Inc., 2018 Term Loan B, (1 mo. LIBOR + 3.00%), 4.98%, 02/05/24			1,451		1,456,573
Solera LLC, Term Loan B, 4.73%, 03/03/23			1,405		1,408,256
Sophia LP, 2017 Term Loan B, 5.55%, 09/30/22			1,597		1,598,273
SS&C Technologies Holdings Europe SARL, 2018 Term Loan B4, (1 mo. LIBOR + 2.50%), 4.48%, 04/16/25			634		636,871
SS&C Technologies, Inc.:
2017 Term Loan B1, (1 mo. LIBOR + 2.25%), 4.23%, 07/08/22			913		917,896
2018 Term Loan B3, (1 mo. LIBOR + 2.50%), 4.48%, 04/16/25			1,694		1,702,281
Tempo Acquisition LLC, Term Loan, (1 mo. LIBOR + 3.00%), 4.98%, 05/01/24			1,181		1,181,460
Tibco Software, Inc., Repriced Term Loan B, (1 mo. LIBOR + 3.50% 1.00% Floor), 5.49%, 12/04/20			1,029		1,031,477

					24,824,396
Specialty Retail — 0.7%
Academy Ltd., 2015 Term Loan B, (3 mo. LIBOR + 4.00% 1.00% Floor), 5.94%, 07/01/22			638		503,836


32

Schedule of Investments (unaudited) (continued)

May 31, 2018

BlackRock Limited Duration Income Trust (BLW)


Security		Par (000)		Value
Specialty Retail (continued)
Belron Finance US LLC, Term Loan B, (3 mo. LIBOR + 2.50%), 4.86%, 11/07/24	USD		760	$	762,626
CD&R Firefly Bidco Limited, 2018 GBP Term Loan B1, 4.50%, 05/09/25	GBP		1,000		1,319,939
Leslie’s Poolmart, Inc., 2016 Term Loan, (1 mo. LIBOR + 3.50% 1.00% Floor), 5.48%, 08/16/23	USD		245		244,663
Michaels Stores, Inc., 2018 Term Loan B, (1 mo. LIBOR + 2.50% 1.00% Floor), 4.46%, 01/28/23			212		211,261
Party City Holdings, Inc., 2018 Term Loan B, (1 mo. LIBOR + 2.75%), 4.94%, 08/19/22			199		200,138
Petco Animal Supplies, Inc., 2017 Term Loan B, (3 mo. LIBOR + 3.25% 1.00% Floor), 5.61%, 01/26/23			278		195,002
Research Now Group, Inc., 2017 1st Lien Term Loan, (3 mo. LIBOR + 5.50% 1.00% Floor), 7.86%, 12/20/24			394		382,850
Staples, Inc., 2017 Term Loan B, (3 mo. LIBOR + 4.00% 1.00% Floor), 6.36%, 09/12/24			278		272,058
TruGreen LP, 2017 Term Loan, (1 mo. LIBOR + 4.00% 1.00% Floor), 5.93%, 04/13/23^(a)			380		383,489

					4,475,862
Technology Hardware, Storage & Peripherals — 0.2%
Western Digital Corporation, 2018 Term Loan B4, (1 mo. LIBOR + 1.75%), 3.71%, 04/29/23			1,343		1,345,069

Textiles, Apparel & Luxury Goods — 0.1%
Ascend Performance Materials Operations LLC, Term Loan B, (1 mo. LIBOR + 5.25% 1.00% Floor), 7.31%, 08/12/22			706		707,534
Varsity Brands, Inc., 2017 Term Loan B, (1 mo. LIBOR + 3.50% 1.00% Floor), 5.48%, 12/15/24			165		165,410

					872,944
Thrifts & Mortgage Finance — 0.1%
IG Investment Holdings LLC, 2018 1st Lien Term Loan, (3 mo. LIBOR + 3.50% 1.00% Floor), 5.61%, 05/18/25^(a)			909		911,259

Trading Companies & Distributors — 0.6%
Beacon Roofing Supply, Inc., 2017 Term Loan B, (1 mo. LIBOR + 2.25%), 4.18%, 01/02/25			1,101		1,100,726


Security		Par (000)		Value
Trading Companies & Distributors (continued)
HD Supply, Inc.:
Term Loan B3, (3 mo. LIBOR + 2.25%), 4.55%, 08/13/21	USD		815	$	818,333
Term Loan B4, (3 mo. LIBOR + 2.50%), 4.80%, 10/17/23			222		223,307
LSF9 Cypress Holdings LLC, 2018 Term Loan B, 1.00%, 05/10/25^(p)			425		425,268
Nexeo Solutions LLC, 2017 Repriced Term Loan, (3 mo. LIBOR + 3.25%), 5.57%, 06/09/23			310		311,608
Oxbow Carbon LLC, 2017 1st Lien Term Loan B, (1 mo. LIBOR + 3.75%), 5.73%, 01/04/23^(a)			148		149,606
Pro Mach Group, Inc., 2018 Term Loan B, (3 mo. LIBOR + 3.00%), 5.03%, 03/07/25			355		353,491

					3,382,339
Transportation — 0.2%
Direct ChassisLink, Inc., 2017 2nd Lien Term Loan, (1 mo. LIBOR + 6.00%), 7.98%, 06/15/23^(a)			220		223,300
Gruden Acquisition, Inc., 2017 Term Loan, (3 mo. LIBOR + 5.50% 1.00% Floor), 7.80%, 08/18/22			255		256,347
Safe Fleet Acquisition, Corp.:
2018 1st Lien Term Loan, (1 mo. LIBOR + 3.00% 1.00% Floor), 4.91%, 02/01/25			475		472,924
2018 2nd Lien Term Loan, (1 mo. LIBOR + 6.75% 1.00% Floor), 8.66%, 02/01/26			215		214,822

					1,167,393
Utilities — 0.0%
ExGen Renewables IV LLC, Term Loan B, (3 mo. LIBOR + 3.00% 1.00% Floor), 5.31%, 11/28/24			221		221,485

Wireless Telecommunication Services — 0.5%
Geo Group, Inc. (The), 2018 Term Loan B, (1 mo. LIBOR + 2.00%), 3.97%, 03/22/24			645		644,482
Ligado Networks LLC:
2015 2nd Lien Term Loan, 13.82%, 12/07/20			36		11,960
PIK Exit Term Loan (9.75% PIK), 5.53%, 12/07/20			2,231		1,875,617
Xplornet Communications, Inc., Term Loan B, 6.31%, 09/09/21^(a)			429		431,070

					2,963,129

Total Floating Rate Loan Interests — 39.8% (Cost — $245,833,088)					244,906,441


			33

Schedule of Investments (unaudited) (continued)

May 31, 2018

BlackRock Limited Duration Income Trust (BLW)


Security		Par (000)		Value
Foreign Agency Obligations — 4.0%
Argentine Republic Government International Bond:
6.88%, 04/22/21	USD		229	$	231,290
5.63%, 01/26/22^(g)			326		312,145
7.50%, 04/22/26^(g)			3,008		2,958,398
6.88%, 01/26/27^(g)			765		720,630
5.88%, 01/11/28			124		108,190
7.63%, 04/22/46^(g)			2,422		2,137,415
Bahrain Government International Bond, 6.75%, 09/20/29^(c)			200		171,419
Brazil Letras do Tesouro Nacional, 0.00%, 07/01/18⁽ⁿ⁾	BRL		1,000		267,128
Cyprus Government International Bond, 4.63%, 02/03/20^(c)	EUR		2,600		3,222,341
Egypt Government International Bond:
5.75%, 04/29/20	USD		882		903,115
8.50%, 01/31/47^(c)			227		240,629
Iceland Government International Bond, 5.88%, 05/11/22			3,030		3,364,538
Indonesia Government International Bond:
3.75%, 04/25/22			206		204,295
4.75%, 01/08/26			395		404,451
Lebanon Government International Bond, 6.85%, 03/23/27			182		153,277
Mexican Bonos:
8.00%, 06/11/20	MXN		24		121,136
7.50%, 06/03/27			27		132,750
Portugal Government International Bond, 5.13%, 10/15/24^(c)	USD		3,190		3,278,363
Republic of South Africa Government International Bond:
5.50%, 03/09/20			407		419,314
5.88%, 05/30/22			1,111		1,176,200
4.88%, 04/14/26			227		221,041
Russian Federal Bond - OFZ:
6.40%, 05/27/20	RUB		19,750		314,602
7.05%, 01/19/28			34,303		542,771
Russian Foreign Bond - Eurobond, 4.25%, 06/23/27	USD		200		193,645
South Africa Government Bond, 6.50%, 02/28/41	ZAR		3,034		173,460
Turkey Government Bond:
8.50%, 07/10/19	TRY		395		80,528
11.00%, 03/02/22			896		173,166
Turkey Government International Bond:
10.50%, 01/15/20			837		170,360
7.00%, 06/05/20^(g)	USD		530		546,427
5.63%, 03/30/21			469		470,359
5.13%, 03/25/22^(g)			584		570,743
6.25%, 09/26/22			585		593,208


Security		Par (000)		Value
Foreign Agency Obligations (continued)
Turkey Government International Bond (continued):
7.38%, 02/05/25	USD		83	$	87,077

Total Foreign Agency Obligations — 4.0% (Cost — $25,441,842)					24,678,018


Investment Companies — 0.2%
SPDR Bloomberg Barclays Short Term High Yield Bond ETF			39,901		1,090,893

Total Investment Companies — 0.2% (Cost — $1,103,223)					1,090,893


Non-Agency Mortgage-Backed Securities — 6.9%

Collateralized Mortgage Obligations — 0.8%
Countrywide Alternative Loan Trust, Series 2005-54CB, Class 3A4, 5.50%, 11/25/35			2,264		1,998,298
Countrywide Home Loan Mortgage Pass-Through Trust:
Series 2005-17, Class 1A6, 5.50%, 09/25/35			450		447,662
Series 2006-17, Class A2, 6.00%, 12/25/36			1,210		996,609
Series 2007-HY5, Class 3A1, 3.41%, 09/25/37^(e)			907		859,255
GSR Mortgage Loan Trust, Series 2005-AR5, Class 2A3, 3.74%, 10/25/35^(e)			704		602,417

					4,904,241
Commercial Mortgage-Backed Securities — 6.1%
Banc of America Merrill Lynch Commercial Mortgage Securities Trust, Series 2015-200P, Class C, 3.60%, 04/14/33^(c)(e)			4,830		4,758,618
Citigroup Commercial Mortgage Trust, Series 2015-SSHP, Class D, (1 mo. LIBOR + 3.05%), 4.97%, 09/15/27^(c)(d)(f)			2,825		2,835,026
Commercial Mortgage Pass-Through Certificates, Series 2014-PAT^(c)(d)(f):
Class E, (1 mo. LIBOR + 3.15%), 5.08%, 08/13/27			1,000		1,009,467
Class F, (1 mo. LIBOR + 2.44%), 4.37%, 08/13/27			2,000		1,998,822
Commercial Mortgage Trust:
Series 2013-LC6, Class B, 3.74%, 01/10/46			1,110		1,098,373
Series 2015-3BP, Class A, 3.18%, 02/10/35^(c)			5,930		5,813,899
Series 2015-CR22, Class B, 3.93%, 03/10/48^(e)			5,000		4,922,077
Core Industrial Trust, Series 2015-TEXW, Class D, 3.85%, 02/10/34^(c)(e)			3,615		3,626,850


34

Schedule of Investments (unaudited) (continued)

May 31, 2018

BlackRock Limited Duration Income Trust (BLW)


Security		Par (000)		Value
Commercial Mortgage-Backed Securities (continued)
CSAIL Commercial Mortgage Trust, Series 2015-C1, Class B, 4.04%, 04/15/50^(e)	USD		890	$	885,523
GAHR Commercial Mortgage Trust, Series 2015-NRF, Class DFX, 3.38%, 12/15/34^(c)(e)			4,830		4,806,448
Greenwich Capital Commercial Funding orp. Commercial Mortgage Trust, Series 2006-GG7, Class AM, 5.75%, 07/10/38^(e)			532		532,628
GS Mortgage Securities Corp. II, Series 2013-GC10, Class B, 3.68%, 02/10/46^(c)			1,995		1,984,184
JPMorgan Chase Commercial Mortgage Securities Trust, Series 2016-NINE, Class A, 2.85%, 10/06/38^(c)(e)			800		755,945
WF-RBS Commercial Mortgage Trust, Series 2012-C8:
Class B, 4.31%, 08/15/45			1,085		1,109,743
Class C, 4.89%, 08/15/45^(e)			1,395		1,414,737

					37,552,340

Total Non-Agency Mortgage-Backed Securities — 6.9% (Cost — $42,732,400)					42,456,581


Other Interests^(q) — 0.0%

Auto Components — 0.0%
Lear Corp. Escrow^(a)			1,000		10

Communications Equipment — 0.0%
Avaya, Inc.^(a)			289		—
IT Services — 0.0%
Millennium Lender Claims^(a)(b)			1,779		—

Total Other Interests — 0.0% (Cost — $—)					10


Preferred Securities

Capital Trusts — 7.7%

Auto Components — 0.1%
General Motors Financial Co., Inc., Series A, 5.75%^(e)(g)(m)			352		342,760

Banks — 2.2%
Banco Santander SA, 6.25%^(i)(m)			100		119,512
Capital One Financial Corp., Series E, 5.55%^(g)(i)(m)			3,000		3,067,500
CIT Group, Inc., Series A, 5.80%^(i)(m)			235		233,531
Citigroup, Inc.^(g)(i)(m): 5.90%			5,000		5,095,000
5.95%			1.370		1,392,263
Series R, 6.13%			950		990,375


Security	Par (000)		Value
Banks (continued)
Cooperatieve Rabobank UA, 6.63%^(i)(m)		200	$	263,885
Hongkong & Shanghai Banking Corp. Ltd., Series 3H, 2.56%^(d)(m)		100		75,004
Intesa Sanpaolo SpA, 7.00%^(i)(m)		200		242,578
Wells Fargo & Co.^(g)(i)(m):
Series S, 5.90%		1,585		1,589,121
Series U, 5.88%		785		806,014

				13,874,783
Capital Markets — 1.2%
Goldman Sachs Group, Inc.^(g)(m): Series M, 5.38%⁽ⁱ⁾		1,730		1,764,981
Series P, 5.00%^(e)		1,185		1,126,935
Morgan Stanley, Series H, 5.45%^(g)(i)(m)		2,546		2,593,737
State Street Corp., Series F, 5.25%^(g)(i)(m)		1,625		1,659,531

				7,145,184
Chemicals — 0.0%
Solvay Finance SA, 5.12%^(i)(m)		100		128,011

Diversified Financial Services — 3.1%
ATF Netherlands BV, 3.75%^(i)(m)		100		118,366
Bank of America Corp.^(g)(i)(m):
Series AA, 6.10%		420		433,125
Series U, 5.20%		1,250		1,228,238
Series V, 5.13%		510		515,100
Series X, 6.25%		1,929		2,006,584
Credit Agricole SA, 6.50%^(i)(m)		100		127,427
Credit Suisse Group AG, 6.25%^(i)(m)		200		198,500
HBOS Capital Funding LP, 6.85%^(m)		100		100,960
HSBC Holdings PLC, 6.00%^(i)(m)		415		397,363
JPMorgan Chase & Co.^(g)(i)(m): Series U, 6.13%		6,690		6,907,425
Series V, 5.00%		4,060		4,095,525
Royal Bank of Scotland Group PLC, 8.63%^(i)(m)		400		432,880
Societe Generale SA, 6.00%^(c)(g)(i)(m)		2,000		1,967,300
UBS Group Funding Switzerland AG, 5.00%^(e)(m)		200		180,222
UniCredit SpA, 6.75%^(i)(m)		200		236,148

				18,945,163
Diversified Telecommunication Services — 0.1%
Telefonica Europe BV^(i)(m): 3.75%		100		120,295
4.20%		200		243,563
5.00%		100		124,389

				488,247
Electric Utilities — 0.0%
Enel SpA, 7.75%, 09/10/2075⁽ⁱ⁾		100		146,288
Origin Energy Finance Ltd., 4.00%, 09/16/2074⁽ⁱ⁾		100		120,851
RWE AG, 2.75%, 04/21/2075⁽ⁱ⁾		20		23,772

				290,911


			35

Schedule of Investments (unaudited) (continued)

May 31, 2018

BlackRock Limited Duration Income Trust (BLW)


Security	Par (000)		Value
Insurance — 1.0%
Hartford Financial Services Group, Inc., 8.13%, 06/15/2068^(g)(i)		2,500	$	2,503,125
Voya Financial, Inc., 5.65%, 05/15/2053^(g)(i)		3,500		3,535,000

				6,038,125
Oil, Gas & Consumable Fuels — 0.0%
Gas Natural Fenosa Finance BV, 3.38%^(e)(m)		100		116,241
Repsol International Finance BV, 4.50%, 03/25/2075⁽ⁱ⁾		100		123,686

				239,927

Total Capital Trusts — 7.7% (Cost — $47,223,204)				47,493,111


	Shares
Preferred Stocks — 1.8%

Capital Markets — 1.7%
Goldman Sachs Group, Inc., Series J, 5.50%^(i)(m)		202,526		5,261,625
Morgan Stanley^(i)(m): Series F, 6.88%		120,000		3,308,400
Series K, 5.85%		53,253		1,373,395
SCE Trust III, Series H, 5.75%^(i)(m)		21,200		557,348

				10,500,768
Machinery — 0.1%
Stanley Black & Decker, Inc., 5.38%^(i)(m)		3,520		374,704

Wireless Telecommunication Services — 0.0%
CF-B L2(D) LLC, (Aquired 04/08/15, cost $11,497), 0.00%^(r)		131,224		54,734

Total Preferred Stocks — 1.8% (Cost — $10,606,837)				10,930,206


Trust Preferred

Diversified Financial Services — 0.4%
GMAC Capital Trust I, Series 2⁽ⁱ⁾		105,753		2,761,211

Total Trust Preferreds — 0.4% (Cost — $2,686,547)				2,761,211

Total Preferred Securities — 9.9%				61,184,528


Security		Par (000)		Value
U.S. Government Sponsored Agency Securities — 4.4%

Collateralized Mortgage Obligations — 1.0%
Fannie Mae Connecticut Avenue Securities, Series 2017-C03, Class 1M2, (1 mo. LIBOR US + 3.00%), 4.96%, 10/25/29^(d)(f)	USD		1,600	$	1,709,942
Freddie Mac Mortgage-Backed Securities, Series 4480, Class ZX, 4.00%, 11/15/44^(g)			4,494		4,519,734

					6,229,676
Interest Only Collateralized Mortgage Obligations — 0.4%
Freddie Mac Mortgage-Backed Securities, Class X1^(e):
Series K042, 1.05%, 12/25/24			34,456		1,987,269
Series K707, 1.51%, 12/25/18			39,532		156,331

					2,143,600
Mortgage-Backed Securities — 3.0%
Fannie Mae Mortgage-Backed Securities^(g):
3.00%, 05/01/30			17,871		17,889,452
5.00%, 07/01/20 - 08/01/23			603		612,813

					18,502,265

Total U.S. Government Sponsored Agency Securities — 4.4% (Cost — $27,719,427)					26,875,541


		Shares
Warrants — 0.0%

Metals & Mining — 0.0%
AFGlobal Corp. (Expires12/20/20)^(a)			2,542		—

Software — 0.0%
HMH Holdings/EduMedia (Issued/exercisable 03/09/10, 19 Shares for 1 Warrant, Expires 06/22/19, Strike Price $42.27)^(a)			3,100		—

Total Warrants — 0.0% (Cost — $31)					—

Total Long-Term Investments — 140.6% (Cost — $873,706,754)					865,350,801


36

Schedule of Investments (unaudited) (continued)

May 31, 2018

BlackRock Limited Duration Income Trust (BLW)

(Percentages shown are based on Net Assets)


Security	Shares		Value
Short-Term Securities — 0.3%
BlackRock Liquidity Funds, T-Fund, Institutional Class, 1.63%^(s)(t)		1,753,744	$	1,753,744

Total Short-Term Securities — 0.3% (Cost — $1,753,744)				1,753,744
Options Purchased — 0.0% (Cost — $76,748)				12,938


Total Investments — 140.9% (Cost — $875,537,246)				867,117,483
Liabilities in Excess of Other Assets — (40.9)%				(251,507,760	)

Net Assets — 100.0%			$	615,609,723

^(a)	Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

^(b)	Non-income producing security.

^(c)	Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.

^(d)	Floating rate security. Rate shown is the rate in effect as of period end.

^(e)	Variable or floating rate security, which interest rate adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. Rate shown is the rate in effect as of period end.

^(f)	Variable rate security. Rate shown is the rate in effect as of period end.

^(g)	All or a portion of the security has been pledged as collateral in connection with outstanding reverse repurchase agreements.

^(h)	Payment-in-kind security which may pay interest/dividends in additional par/shares and/or in cash. Rates shown are the current rate and possible payment rates.

⁽ⁱ⁾	Variable rate security. Security may be issued at a fixed coupon rate, which converts to a variable rate at a specified date. Rate shown is the rate in effect as of period end.

^(j)	Issuer filed for bankruptcy and/or is in default.

^(k)	Convertible security.

^(l)	When-issued security.

^(m)	Perpetual security with no stated maturity date.

⁽ⁿ⁾	Zero-coupon bond.

^(o)	Step-up bond that pays an initial coupon rate for the first period and then a higher coupon rate for the following periods. Rate as of period end.

^(p)	Represents an unsettled loan commitment at period end. Certain details associated with this purchase are not known prior to the settlement date, including coupon rate.

^(q)	Other interests represent beneficial interests in liquidation trusts and other reorganization or private entities.

^(r)	Restricted security as to resale, excluding 144A securities. As of period end, the Fund held restricted securities with a current value of $54,734 and an original cost of $11,497, which was less than 0.01% of its net assets.

^(s)	Annualized 7-day yield as of period end.


			37

Schedule of Investments (unaudited) (continued)

May 31, 2018

BlackRock Limited Duration Income Trust (BLW)

^(t)	During the period ended May 31, 2018, investments in issuers considered to be affiliates of the Fund for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, and/or related parties of the Fund were as follows:


Affiliate	Shares Held at 08/31/17		Shares Purchased			Shares Sold			Shares Held at 05/31/18		Value at 05/31/18		Income		Net Realized Gain (Loss)^(b)			Change in Unrealized Appreciation (Depreciation)
BlackRock Liquidity Funds, T-Fund, Institutional Class		1,298,832		454,912	^(a)		—			1,753,744	$	1,753,744	$	66,752	$	28		$	—
iShares iBoxx $ High Yield Corporate Bond ETF		—		55,000			(55,000	)		—		—		34,789		(26,356	)		—

											$	1,753,744	$	101,541	$	(26,328	)	$	—

^(a)

Represents net shares purchased.

^(b)

Includes net capital gain distributions, if applicable.

Portfolio Abbreviations

ABS — Asset-Backed Security

CLO — Collateralized Loan Obligation

ETF — Exchange-Traded Fund

EUR — Euro

FHLMC — Federal Home Loan Mortgage Corp.

FNMA — Federal National Mortgage Association

GBP — British Pound

LIBOR — London Interbank Offered Rate

MSCI — Morgan Stanley Capital International

MTN — Medium-Term Note

MXN — Mexican Peso

NZD — New Zealand Dollar

OTC — Over-the-Counter

PIK — Payment-In-Kind

SEK — Swedish Krona

SO — Special Obligation

SPDR — Standard & Poor’s Depository Receipts

USD — U.S. Dollar

Reverse Repurchase Agreements


Counterparty	Interest Rate			Trade Date		Maturity Date^(a)		Face Value		Face Value Including Accrued Interest		Type of Non-Cash Underlying Collateral	Remaining Contractual Maturity of the Agreements^(a)
Deutsche Bank Securities, Inc.		2.45	%		08/10/17		Open	$	193,000	$	196,334	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		08/23/17		Open		120,840		122,856	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		09/12/17		Open		385,950		392,012	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		09/12/17		Open		589,155		598,408	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		09/12/17		Open		428,750		435,484	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		09/27/17		Open		709,520		720,048	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.45	%		10/04/17		Open		417,000		423,030	Foreign Agency Obligations	Open/Demand
Deutsche Bank Securities, Inc.		2.45	%		10/04/17		Open		896,000		908,956	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		10/04/17		Open		340,425		345,347	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		10/10/17		Open		151,200		153,337	Corporate Bonds	Open/Demand


38

Schedule of Investments (unaudited) (continued)

May 31, 2018

BlackRock Limited Duration Income Trust (BLW)

Reverse Repurchase Agreements (continued)


Counterparty	Interest Rate			Trade Date		Maturity Date^(a)		Face Value		Face Value Including Accrued Interest		Type of Non-Cash Underlying Collateral	Remaining Contractual Maturity of the Agreements^(a)
RBC Capital Markets LLC		2.45	%		10/12/17		Open	$	320,625	$	325,122	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.45	%		10/13/17		Open		195,722		198,436	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.45	%		10/13/17		Open		93,000		94,304	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		11/02/17		Open		1,662,015		1,683,437	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		11/06/17		Open		283,920		287,518	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		0.25	%		11/08/17		Open		261,398		261,514	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		11/08/17		Open		863,470		874,319	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		11/08/17		Open		491,620		497,797	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		11/09/17		Open		448,695		454,308	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		11/10/17		Open		101,783		103,039	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		11/17/17		Open		433,260		438,445	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		11/29/17		Open		89,380		90,401	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		11/29/17		Open		656,880		664,386	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.45	%		11/30/17		Open		250,000		252,843	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		12/07/17		Open		173,470		175,377	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		12/07/17		Open		431,955		436,704	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		12/07/17		Open		259,500		262,353	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		12/07/17		Open		253,590		256,378	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		12/07/17		Open		176,580		178,521	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		12/07/17		Open		167,500		169,341	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		12/07/17		Open		269,765		272,731	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		12/07/17		Open		362,180		366,161	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		12/07/17		Open		389,550		393,832	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		12/07/17		Open		491,250		496,650	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		12/07/17		Open		277,530		280,581	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		12/07/17		Open		445,050		449,942	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		12/07/17		Open		160,500		162,264	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.30	%		12/14/17		Open		2,990,000		3,019,671	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.45	%		12/14/17		Open		345,000		348,695	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.45	%		12/14/17		Open		379,000		383,060	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.30	%		12/15/17		Open		2,712,000		2,739,150	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		12/19/17		Open		240,425		242,927	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		12/19/17		Open		262,975		265,711	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		12/20/17		Open		489,880		494,977	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		12/20/17		Open		500,067		505,270	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		12/20/17		Open		463,937		468,765	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		12/20/17		Open		476,000		480,953	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		12/20/17		Open		66,200		66,885	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		12/20/17		Open		106,275		107,374	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.45	%		12/26/17		Open		329,000		332,283	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.45	%		12/26/17		Open		128,000		129,277	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.45	%		12/26/17		Open		587,000		592,857	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.45	%		12/26/17		Open		1,504,000		1,519,007	Capital Trusts	Open/Demand
Deutsche Bank Securities, Inc.		2.45	%		12/26/17		Open		219,000		221,185	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.45	%		12/26/17		Open		1,485,000		1,499,817	Capital Trusts	Open/Demand
Deutsche Bank Securities, Inc.		2.45	%		12/26/17		Open		1,697,000		1,713,932	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.45	%		12/26/17		Open		2,111,000		2,132,063	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.45	%		12/26/17		Open		668,000		674,665	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.45	%		12/26/17		Open		1,287,000		1,299,841	Capital Trusts	Open/Demand
Deutsche Bank Securities, Inc.		2.45	%		12/26/17		Open		1,310,000		1,323,071	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.45	%		12/26/17		Open		1,724,000		1,741,202	Capital Trusts	Open/Demand
Deutsche Bank Securities, Inc.		2.45	%		12/26/17		Open		2,122,000		2,143,173	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.45	%		12/26/17		Open		2,496,000		2,520,905	Capital Trusts	Open/Demand
Deutsche Bank Securities, Inc.		2.25	%		12/27/17		Open		298,000		298,149	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.45	%		12/27/17		Open		562,000		567,573	Capital Trusts	Open/Demand
Deutsche Bank Securities, Inc.		2.45	%		12/27/17		Open		286,000		288,836	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.45	%		12/27/17		Open		549,000		554,444	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.45	%		12/27/17		Open		539,000		544,345	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.45	%		12/27/17		Open		814,000		822,072	Capital Trusts	Open/Demand


			39

Schedule of Investments (unaudited) (continued)

May 31, 2018

BlackRock Limited Duration Income Trust (BLW)

Reverse Repurchase Agreements (continued)


Counterparty	Interest Rate			Trade Date		Maturity Date^(a)		Face Value		Face Value Including Accrued Interest		Type of Non-Cash Underlying Collateral	Remaining Contractual Maturity of the Agreements^(a)
Deutsche Bank Securities, Inc.		2.45	%		12/27/17		Open	$	945,000	$	954,371	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.45	%		12/27/17		Open		922,000		931,143	Capital Trusts	Open/Demand
Deutsche Bank Securities, Inc.		2.45	%		12/27/17		Open		307,000		310,044	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.45	%		12/27/17		Open		33,000		33,327	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.45	%		12/27/17		Open		1,007,000		1,016,986	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.45	%		12/27/17		Open		593,000		598,881	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.45	%		12/27/17		Open		636,215		642,524	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.45	%		12/27/17		Open		250,000		252,479	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.45	%		12/27/17		Open		397,000		400,937	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.45	%		12/27/17		Open		466,000		470,621	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.45	%		12/27/17		Open		416,000		420,125	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.45	%		12/27/17		Open		466,000		470,621	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.45	%		12/27/17		Open		161,000		162,597	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.45	%		12/27/17		Open		921,000		930,133	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.45	%		12/27/17		Open		298,000		300,955	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.45	%		12/27/17		Open		421,000		425,175	Capital Trusts	Open/Demand
Deutsche Bank Securities, Inc.		2.45	%		12/27/17		Open		162,000		163,607	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.45	%		12/27/17		Open		316,000		319,134	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.45	%		12/27/17		Open		992,000		1,001,837	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.45	%		12/27/17		Open		363,000		366,600	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.45	%		12/27/17		Open		333,000		336,302	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.45	%		12/27/17		Open		1,145,000		1,156,355	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.45	%		12/27/17		Open		646,000		652,406	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.45	%		12/27/17		Open		854,000		862,469	Capital Trusts	Open/Demand
Deutsche Bank Securities, Inc.		2.45	%		12/27/17		Open		214,000		216,122	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.45	%		12/27/17		Open		222,000		224,202	Corporate Bonds	Open/Demand
UBS Ltd.		2.25	%		01/04/18		Open		254,023		256,210	Corporate Bonds	Open/Demand
Credit Suisse Securities (USA) LLC		(1.00	)%		01/08/18		Open		406,350		405,774	Corporate Bonds	Open/Demand
J.P. Morgan Securities LLC		(0.05	)%		01/08/18		Open		223,650		223,483	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		01/08/18		Open		304,610		307,407	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		01/08/18		Open		530,245		535,114	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		01/08/18		Open		263,984		266,424	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.50	%		01/09/18		Open		608,000		613,666	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.50	%		01/09/18		Open		585,000		590,452	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.50	%		01/09/18		Open		589,000		594,489	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.50	%		01/09/18		Open		675,000		681,333	Foreign Agency Obligations	Open/Demand
Deutsche Bank Securities, Inc.		2.50	%		01/09/18		Open		610,000		615,723	Capital Trusts	Open/Demand
J.P. Morgan Securities LLC		1.25	%		01/09/18		Open		248,369		249,459	Corporate Bonds	Open/Demand
Barclays Capital, Inc.		2.25	%		01/11/18		Open		54,366		54,813	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		01/11/18		Open		357,525		360,743	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		01/11/18		Open		504,885		509,429	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.09	%		01/19/18		Open		216,788		218,324	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.09	%		01/19/18		Open		532,950		536,728	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.09	%		01/19/18		Open		131,950		132,885	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.09	%		01/19/18		Open		316,200		318,442	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.09	%		01/24/18		Open		147,580		148,603	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		(0.25	)%		01/25/18		Open		128,000		127,833	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		(0.50	)%		01/25/18		Open		88,000		87,808	Corporate Bonds	Open/Demand
BNP Paribas S.A.		2.07	%		01/26/18		Open		385,000		387,565	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.45	%		01/29/18		Open		1,398,837		1,409,974	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.45	%		01/29/18		Open		1,783,359		1,797,448	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.45	%		01/29/18		Open		355,380		358,188	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.45	%		01/29/18		Open		814,348		820,782	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		01/29/18		Open		80,010		80,642	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		01/29/18		Open		281,880		284,107	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		01/29/18		Open		491,612		495,496	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.09	%		01/30/18		Open		141,075		142,010	Corporate Bonds	Open/Demand


40

Schedule of Investments (unaudited) (continued)

May 31, 2018

BlackRock Limited Duration Income Trust (BLW)

Reverse Repurchase Agreements (continued)


Counterparty	Interest Rate			Trade Date		Maturity Date^(a)		Face Value		Face Value Including Accrued Interest		Type of Non-Cash Underlying Collateral	Remaining Contractual Maturity of the Agreements^(a)
RBC Capital Markets LLC		2.09	%		01/30/18		Open	$	1,785,600	$	1,797,437	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.09	%		01/30/18		Open		288,225		290,136	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		01/30/18		Open		470,250		473,936	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		01/30/18		Open		425,100		428,432	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		01/30/18		Open		163,350		164,630	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		01/30/18		Open		1,361,160		1,371,830	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		01/30/18		Open		260,580		262,623	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		01/30/18		Open		878,805		885,694	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		01/30/18		Open		343,400		346,092	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		01/30/18		Open		167,500		168,813	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		01/30/18		Open		914,760		921,931	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		01/30/18		Open		113,738		114,629	Corporate Bonds	Open/Demand
Barclays Capital, Inc.		(1.25	)%		02/01/18		Open		195,911		195,141	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.45	%		02/02/18		Open		872,160		878,731	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		02/05/18		Open		112,095		112,933	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		(1.00	)%		02/08/18		Open		259,200		258,394	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.45	%		02/09/18		Open		416,000		419,032	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		02/20/18		Open		343,224		345,453	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.15	%		02/21/18		Open		317,072		318,887	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.09	%		02/21/18		Open		1,203,692		1,210,256	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.09	%		02/21/18		Open		1,478,071		1,486,131	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		02/21/18		Open		904,240		910,168	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.50	%		02/27/18		Open		418,000		420,615	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.50	%		03/15/18		Open		225,000		226,197	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.50	%		03/15/18		Open		205,000		206,090	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.45	%		03/16/18		Open		343,820		345,528	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.50	%		03/20/18		Open		571,000		573,823	Corporate Bonds	Open/Demand
J.P. Morgan Securities LLC		1.60	%		03/20/18		Open		386,194		387,408	Corporate Bonds	Open/Demand
J.P. Morgan Securities LLC		1.60	%		03/20/18		Open		559,913		561,549	Corporate Bonds	Open/Demand
J.P. Morgan Securities LLC		1.90	%		03/20/18		Open		314,035		315,211	Corporate Bonds	Open/Demand
Barclays Capital, Inc.		2.25	%		03/22/18		Open		8,426		8,462	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.50	%		03/23/18		Open		213,000		213,991	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.50	%		03/23/18		Open		348,000		349,619	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.50	%		03/23/18		Open		399,000		400,856	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		03/23/18		Open		401,850		403,682	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.50	%		03/26/18		Open		178,000		178,816	Corporate Bonds	Open/Demand
Barclays Capital, Inc.		2.50	%		03/29/18		Open		330,750		332,220	Capital Trusts	Open/Demand
Barclays Capital, Inc.		2.50	%		03/29/18		Open		465,649		467,718	Corporate Bonds	Open/Demand
Barclays Capital, Inc.		2.50	%		03/29/18		Open		468,060		470,140	Corporate Bonds	Open/Demand
Barclays Capital, Inc.		2.50	%		03/29/18		Open		493,450		495,643	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.09	%		03/29/18		Open		1,398,750		1,403,947	Corporate Bonds	Open/Demand
BNP Paribas S.A.		1.96	%		04/09/18		Open		99,000		99,280	Corporate Bonds	Open/Demand
Credit Suisse Securities (USA) LLC		2.00	%		04/10/18		Open		910,963		913,544	Corporate Bonds	Open/Demand
Credit Suisse Securities (USA) LLC		2.00	%		04/10/18		Open		1,270,750		1,274,350	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.45	%		04/10/18		Open		221,000		221,767	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.45	%		04/10/18		Open		916,000		919,179	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.45	%		04/10/18		Open		461,000		462,600	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.45	%		04/10/18		Open		213,000		213,739	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.45	%		04/10/18		Open		127,000		127,441	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.45	%		04/10/18		Open		456,000		457,583	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.45	%		04/10/18		Open		1,023,000		1,026,551	Capital Trusts	Open/Demand
HSBC Securities (USA), Inc.		2.00	%		04/10/18		Open		2,666,000		2,673,554	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.09	%		04/10/18		Open		419,413		420,654	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.09	%		04/10/18		Open		272,975		273,783	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.09	%		04/10/18		Open		524,475		526,028	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.09	%		04/10/18		Open		254,375		255,128	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.09	%		04/10/18		Open		97,000		97,287	Corporate Bonds	Open/Demand


			41

Schedule of Investments (unaudited) (continued)

May 31, 2018

BlackRock Limited Duration Income Trust (BLW)

Reverse Repurchase Agreements (continued)


Counterparty	Interest Rate			Trade Date		Maturity Date^(a)		Face Value		Face Value Including Accrued Interest		Type of Non-Cash Underlying Collateral	Remaining Contractual Maturity of the Agreements^(a)
RBC Capital Markets LLC		2.09	%		04/10/18		Open	$	39,100	$	39,216	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.09	%		04/10/18		Open		486,200		487,640	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		04/10/18		Open		54,293		54,481	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		04/10/18		Open		256,035		256,924	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		04/10/18		Open		318,308		319,412	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		04/10/18		Open		100,215		100,563	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		04/10/18		Open		1,029,350		1,032,923	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		04/10/18		Open		234,900		235,715	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		04/10/18		Open		711,480		713,949	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		04/10/18		Open		182,000		182,632	Corporate Bonds	Open/Demand
BNP Paribas S.A.		2.11	%		04/11/18		Open		360,360		361,416	Corporate Bonds	Open/Demand
BNP Paribas S.A.		2.25	%		04/11/18		Open		665,635		667,715	Corporate Bonds	Open/Demand
BNP Paribas S.A.		2.25	%		04/11/18		Open		560,805		562,558	Corporate Bonds	Open/Demand
BNP Paribas S.A.		2.30	%		04/11/18		Open		1,357,720		1,362,057	Corporate Bonds	Open/Demand
BNP Paribas S.A.		2.46	%		04/11/18		Open		860,843		863,784	Corporate Bonds	Open/Demand
BNP Paribas S.A.		2.46	%		04/11/18		Open		914,890		918,016	Corporate Bonds	Open/Demand
BNP Paribas S.A.		2.46	%		04/11/18		Open		222,369		223,129	Corporate Bonds	Open/Demand
BNP Paribas S.A.		2.46	%		04/11/18		Open		549,540		551,418	Corporate Bonds	Open/Demand
BNP Paribas S.A.		2.46	%		04/11/18		Open		1,049,450		1,053,036	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		04/11/18		Open		377,715		379,000	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		04/11/18		Open		323,578		324,679	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		04/11/18		Open		204,233		204,927	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		04/11/18		Open		264,960		265,862	Corporate Bonds	Open/Demand
Barclays Capital, Inc.		2.00	%		04/12/18		Open		2,148,938		2,154,787	Corporate Bonds	Open/Demand
Barclays Capital, Inc.		2.00	%		04/12/18		Open		612,625		614,293	Corporate Bonds	Open/Demand
Barclays Capital, Inc.		2.25	%		04/12/18		Open		1,197,625		1,201,293	Corporate Bonds	Open/Demand
Barclays Capital, Inc.		2.25	%		04/12/18		Open		590,441		592,249	Corporate Bonds	Open/Demand
Barclays Capital, Inc.		2.25	%		04/12/18		Open		560,745		562,462	Corporate Bonds	Open/Demand
Barclays Capital, Inc.		2.25	%		04/12/18		Open		592,311		594,125	Corporate Bonds	Open/Demand
Barclays Capital, Inc.		2.25	%		04/12/18		Open		501,000		502,534	Corporate Bonds	Open/Demand
Barclays Capital, Inc.		2.25	%		04/12/18		Open		723,669		725,885	Corporate Bonds	Open/Demand
Barclays Capital, Inc.		2.25	%		04/12/18		Open		576,200		577,965	Corporate Bonds	Open/Demand
Barclays Capital, Inc.		2.25	%		04/12/18		Open		582,233		584,016	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.09	%		04/12/18		Open		619,125		620,886	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.09	%		04/12/18		Open		1,693,125		1,697,941	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.09	%		04/12/18		Open		651,563		653,416	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.09	%		04/12/18		Open		245,438		246,136	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.09	%		04/12/18		Open		1,167,188		1,170,508	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.09	%		04/12/18		Open		1,414,875		1,418,900	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.09	%		04/12/18		Open		2,062,500		2,068,367	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		04/12/18		Open		290,308		291,276	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		04/12/18		Open		2,267,375		2,274,936	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		04/12/18		Open		557,925		559,786	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.45	%		04/16/18		Open		503,000		504,540	Corporate Bonds	Open/Demand
Barclays Capital, Inc.		2.25	%		04/17/18		Open		575,104		576,685	Corporate Bonds	Open/Demand
Barclays Capital, Inc.		2.25	%		04/17/18		Open		491,619		492,971	Corporate Bonds	Open/Demand
Barclays Capital, Inc.		2.25	%		04/17/18		Open		514,750		516,166	Corporate Bonds	Open/Demand
Barclays Capital, Inc.		2.25	%		04/17/18		Open		662,613		664,435	Corporate Bonds	Open/Demand
Barclays Capital, Inc.		2.25	%		04/17/18		Open		522,460		523,897	Corporate Bonds	Open/Demand
Barclays Capital, Inc.		2.25	%		04/17/18		Open		452,800		454,045	Corporate Bonds	Open/Demand
Barclays Capital, Inc.		2.25	%		04/17/18		Open		410,486		411,615	Corporate Bonds	Open/Demand
Barclays Capital, Inc.		2.25	%		04/19/18		Open		180,593		181,067	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.50	%		04/19/18		Open		130,000		130,379	Corporate Bonds	Open/Demand
Barclays Capital, Inc.		2.25	%		04/20/18		Open		775,368		777,257	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		04/20/18		Open		428,040		429,176	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.50	%		04/24/18		Open		165,000		165,424	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		04/30/18		Open		215,040		215,494	Corporate Bonds	Open/Demand
Barclays Capital, Inc.		2.25	%		05/01/18		Open		703,313		704,631	Corporate Bonds	Open/Demand
Barclays Capital, Inc.		2.25	%		05/01/18		Open		402,814		403,569	Corporate Bonds	Open/Demand


42

Schedule of Investments (unaudited) (continued)

May 31, 2018

BlackRock Limited Duration Income Trust (BLW)

Reverse Repurchase Agreements (continued)


Counterparty	Interest Rate			Trade Date		Maturity Date^(a)		Face Value		Face Value Including Accrued Interest		Type of Non-Cash Underlying Collateral	Remaining Contractual Maturity of the Agreements^(a)
Barclays Capital, Inc.		2.25	%		05/02/18		Open	$	370,414	$	371,085	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		05/03/18		Open		171,720		172,047	Corporate Bonds	Open/Demand
UBS Ltd.		2.00	%		05/03/18		Open		877,725		879,090	Corporate Bonds	Open/Demand
Barclays Capital, Inc.		2.25	%		05/08/18		Open		420,056		420,660	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		05/08/18		Open		146,850		147,080	Corporate Bonds	Open/Demand
HSBC Securities (USA), Inc.		1.89	%		05/10/18		6/13/18		478,000		478,452	U.S. Government Sponsored Agency Securities	Up to 30 Days
HSBC Securities (USA), Inc.		1.89	%		05/10/18		6/13/18		98,000		98,093	U.S. Government Sponsored Agency Securities	Up to 30 Days
Barclays Capital, Inc.		2.25	%		05/10/18		Open		221,588		221,878	Corporate Bonds	Open/Demand
BNP Paribas S.A.		2.46	%		05/11/18		Open		421,655		422,174	Corporate Bonds	Open/Demand
HSBC Securities (USA), Inc.		1.92	%		05/15/18		6/18/18		17,248,000		17,261,798	U.S. Government Sponsored Agency Securities	Up to 30 Days
J.P. Morgan Securities LLC		2.20	%		05/18/18		6/01/18		4,172,585		4,176,155	U.S. Government Sponsored Agency Securities	Up to 30 Days
Barclays Capital, Inc.		(1.00	)%		05/18/18		Open		106,313		106,271	Corporate Bonds	Open/Demand
Barclays Capital, Inc.		(1.50	)%		05/18/18		Open		101,035		100,976	Corporate Bonds	Open/Demand
Barclays Capital, Inc.		2.25	%		05/21/18		Open		349,504		349,722	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		05/21/18		Open		511,700		512,048	Corporate Bonds	Open/Demand
Barclays Capital, Inc.		(1.00	)%		05/22/18		Open		78,490		78,470	Corporate Bonds	Open/Demand
Barclays Capital, Inc.		—			05/23/18		Open		129,870		129,870	Corporate Bonds	Open/Demand
Barclays Capital, Inc.		0.75	%		05/23/18		Open		209,100		209,135	Corporate Bonds	Open/Demand
Barclays Capital, Inc.		(1.50	)%		05/23/18		Open		276,760		276,576	Capital Trusts	Open/Demand
Barclays Capital, Inc.		2.50	%		05/23/18		Open		389,856		390,073	Corporate Bonds	Open/Demand
Barclays Capital, Inc.		2.50	%		05/23/18		Open		342,500		342,690	Corporate Bonds	Open/Demand
Barclays Capital, Inc.		2.50	%		05/23/18		Open		468,825		469,085	Corporate Bonds	Open/Demand
Barclays Capital, Inc.		2.50	%		05/23/18		Open		551,460		551,766	Corporate Bonds	Open/Demand
Barclays Capital, Inc.		2.50	%		05/23/18		Open		627,631		627,980	Corporate Bonds	Open/Demand
Barclays Capital, Inc.		2.50	%		05/23/18		Open		302,400		302,568	Corporate Bonds	Open/Demand
BNP Paribas S.A.		2.11	%		05/23/18		Open		538,869		539,121	Corporate Bonds	Open/Demand
BNP Paribas S.A.		2.32	%		05/23/18		Open		502,548		502,807	Corporate Bonds	Open/Demand
BNP Paribas S.A.		2.32	%		05/23/18		Open		490,806		491,059	Corporate Bonds	Open/Demand
BNP Paribas S.A.		2.46	%		05/23/18		Open		1,335,653		1,336,383	Corporate Bonds	Open/Demand
BNP Paribas S.A.		2.70	%		05/23/18		Open		230,400		230,538	Foreign Agency Obligations	Open/Demand
Deutsche Bank Securities, Inc.		2.45	%		05/23/18		Open		143,000		143,010	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.45	%		05/23/18		Open		1,131,000		1,131,616	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.45	%		05/23/18		Open		812,000		812,442	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.45	%		05/23/18		Open		1,507,000		1,507,820	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.45	%		05/23/18		Open		143,000		143,078	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.45	%		05/23/18		Open		71,000		71,039	Corporate Bonds	Open/Demand
HSBC Securities (USA), Inc.		2.00	%		05/23/18		Open		293,000		293,130	Corporate Bonds	Open/Demand
HSBC Securities (USA), Inc.		2.00	%		05/23/18		Open		1,398,000		1,398,621	Corporate Bonds	Open/Demand
HSBC Securities (USA), Inc.		2.00	%		05/23/18		Open		764,000		764,340	Corporate Bonds	Open/Demand
HSBC Securities (USA), Inc.		2.00	%		05/23/18		Open		2,348,000		2,349,044	Corporate Bonds	Open/Demand
HSBC Securities (USA), Inc.		2.00	%		05/23/18		Open		878,000		878,390	Corporate Bonds	Open/Demand
HSBC Securities (USA), Inc.		2.00	%		05/23/18		Open		2,440,000		2,441,084	Capital Trusts	Open/Demand
HSBC Securities (USA), Inc.		2.00	%		05/23/18		Open		1,348,000		1,348,599	Corporate Bonds	Open/Demand
HSBC Securities (USA), Inc.		2.00	%		05/23/18		Open		3,212,000		3,213,428	Corporate Bonds	Open/Demand
HSBC Securities (USA), Inc.		2.25	%		05/23/18		Open		6,134,000		6,137,067	Capital Trusts	Open/Demand
HSBC Securities (USA), Inc.		2.25	%		05/23/18		Open		854,000		854,427	Corporate Bonds	Open/Demand
HSBC Securities (USA), Inc.		2.25	%		05/23/18		Open		153,000		153,077	Corporate Bonds	Open/Demand
HSBC Securities (USA), Inc.		2.25	%		05/23/18		Open		480,000		480,240	Corporate Bonds	Open/Demand
HSBC Securities (USA), Inc.		2.25	%		05/23/18		Open		3,128,000		3,129,564	Capital Trusts	Open/Demand
HSBC Securities (USA), Inc.		2.25	%		05/23/18		Open		565,000		565,283	Corporate Bonds	Open/Demand


			43

Schedule of Investments (unaudited) (continued)

May 31, 2018

BlackRock Limited Duration Income Trust (BLW)

Reverse Repurchase Agreements (continued)


Counterparty	Interest Rate			Trade Date		Maturity Date^(a)		Face Value		Face Value Including Accrued Interest		Type of Non-Cash Underlying Collateral	Remaining Contractual Maturity of the Agreements^(a)
HSBC Securities (USA), Inc.		2.25	%		05/23/18		Open	$	425,000	$	425,213	Corporate Bonds	Open/Demand
Barclays Capital, Inc.		2.25	%		05/24/18		Open		4,393,750		4,395,672	Capital Trusts	Open/Demand
Barclays Capital, Inc.		2.50	%		05/24/18		Open		488,991		489,229	Corporate Bonds	Open/Demand
Barclays Capital, Inc.		2.50	%		05/24/18		Open		1,258,445		1,259,057	Capital Trusts	Open/Demand
BNP Paribas S.A.		2.25	%		05/24/18		Open		2,955,000		2,956,293	Capital Trusts	Open/Demand
BNP Paribas S.A.		2.25	%		05/24/18		Open		1,498,125		1,498,780	Capital Trusts	Open/Demand
Citigroup Global Markets, Inc.		0.25	%		05/24/18		Open		317,188		317,203	Corporate Bonds	Open/Demand
Credit Suisse Securities (USA) LLC		2.50	%		05/24/18		Open		2,477,840		2,479,045	Foreign Agency Obligations	Open/Demand
Credit Suisse Securities (USA) LLC		2.50	%		05/24/18		Open		1,840,720		1,841,615	Foreign Agency Obligations	Open/Demand
HSBC Securities (USA), Inc.		2.25	%		05/24/18		Open		835,000		835,365	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.09	%		05/24/18		Open		365,375		365,523	Corporate Bonds	Open/Demand
UBS Ltd.		2.25	%		05/24/18		Open		763,125		763,459	Corporate Bonds	Open/Demand
UBS Ltd.		2.25	%		05/24/18		Open		257,731		257,844	Corporate Bonds	Open/Demand
UBS Ltd.		2.25	%		05/24/18		Open		299,460		299,591	Corporate Bonds	Open/Demand
UBS Ltd.		2.25	%		05/24/18		Open		388,970		389,140	Corporate Bonds	Open/Demand
UBS Ltd.		2.25	%		05/24/18		Open		157,038		157,106	Corporate Bonds	Open/Demand
UBS Ltd.		2.25	%		05/24/18		Open		1,780,000		1,780,779	Capital Trusts	Open/Demand
Deutsche Bank Securities, Inc.		2.50	%		05/25/18		Open		387,000		387,081	Corporate Bonds	Open/Demand
UBS Ltd.		2.05	%		05/29/18		Open		3,181,500		3,181,862	Foreign Agency Obligations	Open/Demand
UBS Ltd.		2.10	%		05/29/18		Open		3,038,475		3,045,892	Foreign Agency Obligations	Open/Demand
UBS Securities LLC		2.25	%		05/29/18		Open		2,008,545		2,008,796	Corporate Bonds	Open/Demand
UBS Securities LLC		2.25	%		05/29/18		Open		265,899		265,932	Corporate Bonds	Open/Demand
Barclays Capital, Inc.		2.50	%		05/30/18		Open		285,525		285,545	Corporate Bonds	Open/Demand
BNP Paribas S.A.		2.30	%		05/30/18		Open		618,008		618,047	Corporate Bonds	Open/Demand
BNP Paribas S.A.		2.30	%		05/30/18		Open		755,370		755,418	Corporate Bonds	Open/Demand
BNP Paribas S.A.		2.46	%		05/30/18		Open		632,820		632,863	Corporate Bonds	Open/Demand
BNP Paribas S.A.		2.46	%		05/30/18		Open		626,850		626,893	Corporate Bonds	Open/Demand
BNP Paribas S.A.		2.46	%		05/30/18		Open		569,320		569,359	Corporate Bonds	Open/Demand
BNP Paribas S.A.		2.46	%		05/30/18		Open		384,683		384,709	Corporate Bonds	Open/Demand
BNP Paribas S.A.		2.46	%		05/30/18		Open		499,083		499,117	Corporate Bonds	Open/Demand
BNP Paribas S.A.		2.46	%		05/30/18		Open		519,030		519,065	Foreign Agency Obligations	Open/Demand
Citigroup Global Markets, Inc.		1.25	%		05/30/18		Open		14,220		14,220	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.45	%		05/30/18		Open		870,000		870,059	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.45	%		05/30/18		Open		848,000		848,058	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.45	%		05/30/18		Open		166,000		166,011	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		2.45	%		05/30/18		Open		80,000		80,005	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.09	%		05/30/18		Open		413,250		413,274	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.09	%		05/30/18		Open		1,385,700		1,385,780	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.09	%		05/30/18		Open		472,175		472,202	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.09	%		05/30/18		Open		335,700		335,719	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.09	%		05/30/18		Open		910,000		910,053	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.09	%		05/30/18		Open		94,500		94,505	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.09	%		05/30/18		Open		360,000		360,021	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.09	%		05/30/18		Open		1,059,250		1,059,312	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.09	%		05/30/18		Open		277,163		277,179	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.09	%		05/30/18		Open		366,563		366,584	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.09	%		05/30/18		Open		435,000		435,025	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		05/30/18		Open		399,500		399,527	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		05/30/18		Open		364,250		364,275	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		05/30/18		Open		284,970		284,989	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		05/30/18		Open		367,625		367,650	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		05/30/18		Open		229,830		229,846	Corporate Bonds	Open/Demand


44

Schedule of Investments (unaudited) (continued)

May 31, 2018

BlackRock Limited Duration Income Trust (BLW)

Reverse Repurchase Agreements (continued)


Counterparty	Interest Rate			Trade Date		Maturity Date^(a)		Face Value		Face Value Including Accrued Interest		Type of Non-Cash Underlying Collateral	Remaining Contractual Maturity of the Agreements^(a)
RBC Capital Markets LLC		2.45	%		05/30/18		Open	$	510,300	$	510,335	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		05/30/18		Open		386,400		386,426	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		05/30/18		Open		676,450		676,496	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		05/30/18		Open		657,000		657,045	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		05/30/18		Open		782,898		782,951	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		05/30/18		Open		1,401,120		1,401,215	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		05/30/18		Open		608,003		608,044	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		05/30/18		Open		206,625		206,639	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		05/30/18		Open		727,578		727,627	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		05/30/18		Open		889,200		889,261	Corporate Bonds	Open/Demand
J.P. Morgan Securities LLC		2.20	%		05/31/18		6/15/18		4,295,000		4,295,262	U.S. Government Sponsored Agency Securities	Up to 30 Days
RBC Capital Markets LLC		2.45	%		05/31/18		Open		586,250		586,290	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		05/31/18		Open		1,107,064		1,107,157	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		2.45	%		05/31/18		Open		258,390		258,390	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		(3.00	)%		05/31/18		Open		657,417		656,266	Corporate Bonds	Open/Demand

Total								$	256,958,717	$	257,991,554

^(a)

Certain agreements have no stated maturity and can be terminated by either party at any time.


			45

Schedule of Investments (unaudited) (continued)

May 31, 2018

BlackRock Limited Duration Income Trust (BLW)

Derivative Financial Instruments Outstanding as of Period End

Futures Contracts


Description	Number of Contracts		Expiration Date		Notional Amount (000)		Value / Unrealized Appreciation (Depreciation)
Long Contracts:
Euro Stoxx 50 Index		1		06/15/18	$	40	$	1,051
Euro Stoxx 600 Index		1		06/15/18		9		(791	)
Ultra Long U.S. Treasury Bond		6		09/19/18		957		30,121

								30,381

Short Contracts:
Euro Bund		1		06/07/18	$	155	$	(1,825	)
10-Year U.S. Treasury Note		322		09/19/18		38,781		(284,765	)
10-Year U.S. Ultra Long Treasury Note		75		09/19/18		9,626		2,791
Long Gilt Future		1		09/26/18		164		(2,115	)
2-Year U.S. Treasury Note		81		09/28/18		17,191		(44,310	)
5-Year U.S. Treasury Note		131		09/28/18		14,920		38,839

								(291,385	)

							$	(261,004	)

Forward Foreign Currency Exchange Contracts


Currency Purchased		Currency Sold		Counterparty	Settlement Date		Unrealized Appreciation (Depreciation)
EUR	11,822,000	USD	13,756,079	Citibank N.A.		06/04/18	$	64,436
EUR	11,822,000	USD	13,799,821	Citibank N.A.		06/04/18		20,695
EUR	65,000	USD	75,888	Morgan Stanley & Co. International PLC		06/04/18		101
EUR	136,000	USD	158,780	Morgan Stanley & Co. International PLC		06/04/18		211
EUR	4,301,000	USD	5,021,418	Morgan Stanley & Co. International PLC		06/04/18		6,669
GBP	1,713,000	USD	2,275,892	Citibank N.A.		06/04/18		1,286
USD	115,458	EUR	98,000	Citibank N.A.		06/04/18		891
USD	14,439,627	EUR	11,822,000	Citibank N.A.		06/04/18		619,111
USD	22,602	EUR	19,000	Deutsche Bank AG		06/04/18		390
USD	162,516	EUR	136,000	Deutsche Bank AG		06/04/18		3,525
USD	425,157	EUR	354,000	Morgan Stanley & Co. International PLC		06/04/18		11,313
USD	34,719	EUR	29,000	State Street Bank and Trust Co.		06/04/18		817
USD	78,698	EUR	65,000	UBS AG		06/04/18		2,710
USD	203,295	EUR	172,000	UBS AG		06/04/18		2,218
USD	5,243,706	EUR	4,331,000	UBS AG		06/04/18		180,548
USD	2,279,403	GBP	1,713,000	Citibank N.A.		06/04/18		2,226
USD	2,392,564	GBP	1,713,000	Citibank N.A.		06/04/18		115,387
USD	7,918,849	GBP	5,747,000	National Australia Bank Ltd.		06/04/18		279,071
USD	556,179	MXN	10,453,000	State Street Bank and Trust Co.		06/04/18		32,079
USD	60,580	NZD	86,000	Australia and New Zealand Bank Group		06/05/18		397
USD	7,657,389	GBP	5,747,000	BNP Paribas S.A.		07/05/18		5,312
USD	522,250	MXN	10,453,000	Deutsche Bank AG		07/05/18		974


46

Schedule of Investments (unaudited) (continued)

May 31, 2018

BlackRock Limited Duration Income Trust (BLW)

Forward Foreign Currency Exchange Contracts (continued)


Currency Purchased		Currency Sold		Counterparty	Settlement Date		Unrealized Appreciation (Depreciation)
USD	60,329	NZD	86,000	Australia and New Zealand Bank Group		07/05/18	$	145
USD	4,720,000	SEK	37,885,080	Goldman Sachs International		07/25/18		406,966

								1,757,478

GBP	5,747,000	USD	7,645,234	BNP Paribas S.A.		06/04/18		(5,456	)
GBP	1,713,000	USD	2,279,403	Citibank N.A.		06/04/18		(2,226	)
USD	13,799,821	EUR	11,822,000	Citibank N.A.		06/04/18		(20,695	)
NZD	86,000	USD	60,329	Australia and New Zealand Bank Group		06/05/18		(146	)
USD	13,789,772	EUR	11,822,000	Citibank N.A.		07/05/18		(64,555	)
USD	76,071	EUR	65,000	Morgan Stanley & Co. International PLC		07/05/18		(103	)
USD	159,164	EUR	136,000	Morgan Stanley & Co. International PLC		07/05/18		(216	)
USD	5,033,546	EUR	4,301,000	Morgan Stanley & Co. International PLC		07/05/18		(6,841	)
USD	2,279,540	GBP	1,713,000	Citibank N.A.		07/05/18		(1,303	)
SEK	14,986,611	USD	1,875,000	Barclays Bank PLC		07/25/18		(168,847	)
SEK	22,563,411	USD	2,845,000	Goldman Sachs International		07/25/18		(276,264	)

								(546,652	)

							$	1,210,826

OTC Interest Rate Swaptions Purchased

Paid by the Fund

Received by the Fund

Expiration

Exercise

Notional

Description

Rate

Frequency

Rate

Frequency

Counterparty

Date

Rate

Amount (000)

Value

Put

10-Year Interest Rate Swap, 07/13/28

3.00

Semi-annual

3-Month LIBOR,

Quarterly

JPMorgan Chase Bank N.A.

07/11/18

3.00

USD

5,000

12,938

OTC Options Purchased

Description

Counterparty

Number of
Contracts

Expiration

Date

Exercise

Price

Notional

Amount (000)

Value

Call

Marsico Parent Superholdco LLC

Goldman Sachs & Co.

12/14/19

USD

942.86

USD

—


			47

Schedule of Investments (unaudited) (continued)

May 31, 2018

BlackRock Limited Duration Income Trust (BLW)

Centrally Cleared Credit Default Swaps - Sell Protection


Reference Obligation/Index	Financing Rate Received by the Fund			Payment Frequency		Termination Date		Credit Rating^(a)		Notional Amount (000)^(b)			Value		Upfront Premium Paid (Received)			Unrealized Appreciation (Depreciation)
Chesapeake Energy Corp.		5.00	%		Quarterly		12/20/21		CCC+		USD	75	$	3,073	$	(2,237	)	$	5,310
Markit iTraxx XO, Series 29, Version 1		5.00	%		Quarterly		06/20/23		BB-		EUR	230		25,831		28,399			(2,568	)

													$	28,904	$	26,162		$	2,742

^(a)

Using S&P/Standard & Poor’s rating of the issuer or the underlying securities of the index, as applicable.

^(b)

The maximum potential amount the Fund may pay should a negative credit event take place as defined under the terms of the agreement.

Centrally Cleared Interest Rate Swaps


Paid by the Fund		Received by the Fund											Upfront Premium Paid (Received)			Unrealized Appreciation (Depreciation)
Rate	Frequency	Rate	Frequency	Effective Date		Termination Date		Notional Amount (000)		Value			Upfront Premium Paid (Received)			Unrealized Appreciation (Depreciation)
3-Month LIBOR, 2.32%	Quarterly	2.54%	Semi-annual		N/A		09/04/24	USD	18,700	$	(273,561	)	$	198		$	(273,759	)
2.60	Semi-annual	3-Month LIBOR, 2.32%	Quarterly		N/A		09/04/24	USD	18,700		210,532			(61,481	)		272,013
2.24	Semi-annual	3-Month LIBOR, 2.32%	Quarterly		N/A		08/09/27	USD	17,400		789,698			255			789,443
3.01	Semi-annual	3-Month LIBOR, 2.32%	Quarterly		N/A		02/14/48	USD	6,000		(189,909	)		180			(190,089	)

										$	536,760		$	(60,848	)	$	597,608

OTC Credit Default Swaps - Buy Protection


Reference Obligation/Index	Financing Rate Paid by the Fund			Payment Frequency		Counterparty	Termination Date		Notional Amount (000)		Value		Upfront Premium Paid (Received)		Unrealized Appreciation (Depreciation)
Frontier Communications Corp.		5.00	%		Quarterly	Barclays Bank PLC		06/20/23	USD	157	$	44,230	$	53,288	$	(9,058	)

OTC Credit Default Swaps - Sell Protection


Reference Obligation/Index	Financing Rate Received by the Fund			Payment Frequency		Counterparty	Termination Date		Credit Rating^(a)	Notional Amount (000)^(b)			Value			Upfront Premium Paid (Received)			Unrealized Appreciation (Depreciation)
Jaguar Land Rover Automotive PLC		5.00	%		Quarterly	Credit Suisse International		06/20/22	BB+		EUR	20	$	2,950		$	3,209		$	(259	)
Jaguar Land Rover Automotive PLC		5.00			Quarterly	Barclays Bank PLC		12/20/22	BB+		EUR	20		2,944			3,694			(750	)
Telecom Italia SpA/Milano		1.00			Quarterly	Citibank N.A.		12/20/22	BB+		EUR	30		(1,126	)		(568	)		(558	)
Casino Guichard Perrachon SA		1.00			Quarterly	BNP Paribas S.A.		06/20/23	BB+		EUR	10		(1,235	)		(1,027	)		(208	)
Casino Guichard Perrachon SA		1.00			Quarterly	BNP Paribas S.A.		06/20/23	BB+		EUR	10		(1,235	)		(1,027	)		(208	)
Casino Guichard Perrachon SA		1.00			Quarterly	JPMorgan Chase Bank N.A.		06/20/23	BB+		EUR	10		(1,235	)		(1,017	)		(218	)
Deutsche Bank AG		1.00			Quarterly	JPMorgan Chase Bank N.A.		06/20/23	BBB-		EUR	50		(1,580	)		(361	)		(1,219	)
Intesa Sanpaolo SpA		1.00			Quarterly	Citibank N.A.		06/20/23	BBB		EUR	40		(6,272	)		(6,289	)		17
Intrum Justitia AB		5.00			Quarterly	Credit Suisse International		06/20/23	BB+		EUR	20		1,964			2,043			(79	)
Intrum Justitia AB		5.00			Quarterly	Credit Suisse International		06/20/23	BB+		EUR	50		4,909			5,404			(495	)
Intrum Justitia AB		5.00			Quarterly	Credit Suisse International		06/20/23	BB+		EUR	7		673			827			(154	)


48

Schedule of Investments (unaudited) (continued)

May 31, 2018

BlackRock Limited Duration Income Trust (BLW)

OTC Credit Default Swaps — Sell Protection (continued)


Reference Obligation/Index	Financing Rate Received by the Fund		Payment Frequency		Counterparty	Termination Date		Credit Rating^(a)		Notional Amount (000)^(b)			Value			Upfront Premium Paid (Received)			Unrealized Appreciation (Depreciation)
Intrum Justitia AB		5.00		Quarterly	Morgan Stanley & Co. International PLC		06/20/23		BB+		EUR	23	$	2,273		$	2,790		$	(517	)
Jaguar Land Rover Automotive PLC		5.00		Quarterly	BNP Paribas S.A.		06/20/23		BB+		EUR	7		1,020			1,178			(158	)
Markit CMBX North America, Series 8		3.00		Monthly	Barclays Bank PLC		10/17/57		BBB-		USD	5,000		(619,516	)		(515,925	)		(103,591	)
Markit CMBX North America, Series 8		3.00		Monthly	Credit Suisse International		10/17/57		BBB-		USD	2,500		(309,758	)		(254,933	)		(54,825	)
Markit CMBX North America, Series 8		3.00		Monthly	Morgan Stanley & Co. International PLC		10/17/57		BBB-		USD	4,450		(553,594	)		(604,199	)		50,605
Markit CMBX North America, Series 9		3.00		Monthly	Morgan Stanley & Co. International PLC		09/17/58		BBB-		USD	7,550		(754,587	)		(947,599	)		193,012
Markit CMBX North America, Series 9		3.00		Monthly	Credit Suisse International		09/17/58		BBB-		USD	5,000		(499,726	)		(551,316	)		51,590
Markit CMBX North America, Series 9		3.00		Monthly	Credit Suisse International		09/17/58		BBB-		USD	5,000		(499,726	)		(551,316	)		51,590
Markit CMBX North America, Series 9		3.00		Monthly	Credit Suisse International		09/17/58		BBB-		USD	5,000		(499,726	)		(545,294	)		45,568

													$	(3,732,583	)	$	(3,961,726	)	$	229,143

^(a)

Using S&P/Standard & Poor’s rating of the issuer or the underlying securities of the index, as applicable.

^(b)

The maximum potential amount the Fund may pay should a negative credit event take place as defined under the terms of the agreement.

Fair Value Hierarchy as of Period End

•

Various inputs are used in determining the fair value of investments and derivative financial instruments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

•

Level 1 — Unadjusted quoted prices in active markets/exchanges for identical assets or liabilities that Fund has the ability to access

•

Level 2 — Other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market-corroborated inputs)

•

Level 3 — Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including Fund’s own assumptions used in determining the fair value of investments and derivative financial instruments)

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the BlackRock Global Valuation Methodologies Committee (the “Global Valuation Committee”) in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. Level 3 investments may also be adjusted to reflect illiquidity and/or non-transferability, with the amount of such discount estimated by the Global Valuation Committee in the absence of market information.

Changes in valuation techniques may result in transfers into or out of an assigned level within the hierarchy. In accordance with the Fund’s policy, transfers between different levels of the fair value hierarchy are deemed to have occurred as of the beginning of the reporting period. The categorization of a value determined for investments and derivative financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund’s policy regarding valuation of investments and derivative financial instruments, refer to the Fund’s most recent financial statements as contained in its semi-annual report.


			49

Schedule of Investments (unaudited) (continued)

May 31, 2018

BlackRock Limited Duration Income Trust (BLW)


	Level 1			Level 2			Level 3		Total
Assets:
Investments:
Long-Term Investments:
Asset-Backed Securities	$	—		$	75,983,239		$	4,221,908	$	80,205,147
Common Stocks^(a)		105,358			46,186			3,557,115		3,708,659
Corporate Bonds		909,326			379,335,570			87		380,244,983
Floating Rate Loan Interests		—			230,225,641			14,693,893		244,919,534
Foreign Agency Obligations		—			24,664,411			—		24,664,411
Investment Companies		1,090,893			—			—		1,090,893
Non-Agency Mortgage-Backed Securities		—			42,456,581			—		42,456,581
Other Interests		—			—			10		10
Preferred Securities		10,875,472			47,493,111			—		58,368,583
Trust Preferred		2,761,211			—			—		2,761,211
U.S. Government Sponsored Agency Securities		—			26,875,541			—		26,875,541
Options Purchased		—			12,938			—		12,938
Short-Term Securities		1,753,744			—			—		1,753,744
Liabilities:
Unfunded Floating Rate Loan Interests^(b)		—			(263	)		—		(263	)

Subtotal	$	17,496,004		$	827,092,955		$	22,473,013	$	867,061,972

Investments Valued at NAV^(c)										54,734

Total									$	867,116,706

Derivative Financial Instruments^(d)
Assets:
Credit contracts	$	—		$	397,692		$	—	$	397,692
Forward foreign currency contracts		—			1,757,478			—		1,757,478
Interest rate contracts		71,751			1,061,456			—		1,133,207
Equity contracts		1,051			—			—		1,051
Liabilities:
Credit contracts		—			(174,865	)		—		(174,865	)
Forward foreign currency contracts		—			(546,652	)		—		(546,652	)
Interest rate contracts		(333,015	)		(463,848	)		—		(796,863	)
Equity contracts		(791	)		—			—		(791	)

	$	(261,004	)	$	2,031,261		$	—	$	1,770,257

^(a)

See above Schedule of Investments for values in each industry.

^(b)

Unfunded floating rate loan interests are valued at the unrealized appreciation (depreciation) on the commitment.

^(c)

As of May 31, 2018, certain of the Fund’s investments were fair valued using net asset value (“NAV”) per share as no quoted market value is available and have been excluded from the fair value hierarchy.

^(d)

Derivative financial instruments are swaps, futures contracts, forward foreign currency exchange contracts, and options written. Swaps, futures contracts and forward foreign currency exchange contracts are valued at the unrealized appreciation (depreciation) on the instrument and options written are shown at value.

The Fund may hold assets and/or liabilities in which the fair value approximates the carrying amount or face value, including accrued interest, for financial reporting purposes. As of period end, reverse repurchase agreements of $257,991,554 are categorized as Level 2 within the disclosure hierarchy.

During the period ended May 31, 2018, there were no transfers between levels.


50

Schedule of Investments (unaudited) (continued)

May 31, 2018

BlackRock Limited Duration Income Trust (BLW)

A reconciliation of Level 3 investments is presented when the Fund had a significant amount of Level 3 investments at the beginning and/or end of the period in relation to net assets. The following table is a reconciliation of Level 3 investments for which significant unobservable inputs were used in determining fair value:



	Common Stocks		Asset- Backed Securities			Corporate Bonds			Floating Rate Loan Interests			Other Interest		Rights			Warrants			Unfunded Floating Rate Loan Interests			Total
Assets:
Opening balance, as of August 31, 2017	$	749,053	$	2,211,493		$	1,163,602		$	9,460,693		$	10	$	19,050		$	217		$	755		$	13,604,873
Transfers into Level 3^(a)		—		—			—			4,131,529			—		—			—			—			4,131,529
Transfers out of Level 3^(b)		—		(250,000	)		—			(3,203,959	)		—		—			—			—			(3,453,959	)
Accrued discounts/premiums		—		(44,537	)		—			11,443			—		—			—			—			(33,094	)
Net realized gain (loss)		—		—			28,646			55,535			—		13,607			—			—			97,788
Net change in unrealized appreciation (depreciation)^©		2,576,979		4,356			11,486			(24,590	)		—		(19,050	)		(217	)		(755	)		2,548,209
Purchases		231,083		2,500,000			—			8,658,209			—		—			—			—			11,389,292
Sales		—		(199,404	)		(1,203,647	)		(4,408,574	)		—		(13,607	)		—			—			(5,825,232	)

Closing balance, as of May 31, 2018	$	3,557,115	$	4,221,908		$	87		$	14,693,893		$	10	$	—		$	—		$	—		$	22,473,013

Net change in unrealized appreciation (depreciation) on investments still held at May 31, 2018	$	2,576,979	$	4,356		$	(264	)	$	(261	)	$	—	$	—		$	(217	)	$	—		$	2,575,150

^(a)

As of August 31, 2017, the Fund used observable inputs in determining the value of certain investments. As of May 31, 2018, the Fund used significant unobservable inputs in determining the value of the same investments. As a result, investments at the beginning of period value were transferred from Level 2 to Level 3 in the disclosure hierarchy.

^(b)

As of August 31, 2017, the Fund used significant unobservable inputs in determining the value of certain investments. As of May 31, 2018, the Fund used observable inputs in determining the value of the same investments. As a result, investments at the beginning of period value were transferred from Level 3 to Level 2 in the disclosure hierarchy.

^©

Any difference between net change in unrealized appreciation (depreciation) and net change in unrealized appreciation (depreciation) on investments still held at May 31, 2018 is generally due to investments no longer held or categorized as Level 3 at period end.


			51

Item 2 – Controls and Procedures

2(a) –

The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”)) are effective as of a date within 90 days of the filing of this report based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act and Rule 13a-15(b) under the Securities Exchange Act of 1934, as amended.

2(b) –

There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 3 – Exhibits

Certifications – Attached hereto

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


		BlackRock Limited Duration Income Trust

		By:		/s/ John M. Perlowski
				John M. Perlowski
				Chief Executive Officer (principal executive officer) of
				BlackRock Limited Duration Income Trust

Date: July 19, 2018

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

Date: July 19, 2018

Date: July 19, 2018