NPORT-EX 2 NPORT_D2IM_32638228_0924.htm EDGAR HTML
Schedule of Investments (unaudited)
September 30, 2024
BlackRock Credit Allocation Income Trust (BTZ)
(Percentages shown are based on Net Assets)

 
Security
 
Par
(000)
Value
Asset-Backed Securities
522 Funding CLO Ltd., Series 2019-5A, Class AR, (3-
mo. CME Term SOFR + 1.33%), 6.63%,
04/15/35(a)(b)
USD
2,500
$ 2,501,695
720 East CLO IV Ltd., Series 2024-1A, Class A1, (3-mo.
CME Term SOFR + 1.60%), 6.89%, 04/15/37(a)(b)
 
2,000
2,006,898
AGL CLO Ltd.(a)(b)
 
Series 2020-5A, Class A1R, (3-mo. CME Term SOFR
+ 1.42%), 6.70%, 07/20/34
 
1,000
1,001,492
Series 2021-12A, Class B, (3-mo. CME Term SOFR +
1.86%), 7.14%, 07/20/34
 
890
890,875
AIMCO CLO Ltd., Series 2021-14A, Class A, (3-mo.
CME Term SOFR + 1.25%), 6.53%, 04/20/34(a)(b)
 
3,000
3,004,107
Allegro CLO VI Ltd.(a)(b)
 
Series 2017-2A, Class B, (3-mo. CME Term SOFR +
1.76%), 7.05%, 01/17/31
 
360
360,792
Series 2017-2A, Class C, (3-mo. CME Term SOFR +
2.06%), 7.35%, 01/17/31
 
2,400
2,402,344
Apidos CLO XV, Series 2013-15A, Class DRR, (3-mo.
CME Term SOFR + 2.96%), 8.24%, 04/20/31(a)(b)
 
1,000
1,003,865
Apidos CLO XX, Series 2015-20A, Class BRR, (3-mo.
CME Term SOFR + 2.21%), 7.50%, 07/16/31(a)(b)
 
1,000
1,002,842
Apidos CLO XXXIII, Series 2020-33A, Class AR, (3-mo.
CME Term SOFR + 1.41%), 6.69%, 10/24/34(a)(b)
 
2,000
2,000,795
Apidos CLO XXXVII, Series 2021-37A, Class A, (3-mo.
CME Term SOFR + 1.39%), 6.67%, 10/22/34(a)(b)
 
3,000
3,001,515
Ares XLVII CLO Ltd., Series 2018-47A, Class D, (3-mo.
CME Term SOFR + 2.96%), 8.26%, 04/15/30(a)(b)
 
1,500
1,504,784
Ares XLVIII CLO Ltd., Series 2018-48A, Class C, (3-mo.
CME Term SOFR + 2.06%), 7.34%, 07/20/30(a)(b)
 
500
501,180
Atlas Senior Loan Fund XII Ltd., Series 2018-12A,
Class A1, (3-mo. CME Term SOFR + 1.44%), 6.72%,
10/24/31(a)(b)
 
271
271,203
Ballyrock CLO Ltd.(a)(b)
 
Series 2018-1A, Class A2, (3-mo. CME Term SOFR +
1.86%), 7.14%, 04/20/31
 
1,500
1,500,008
Series 2019-2A, Class BRR, (3-mo. CME Term SOFR
+ 2.40%), 7.53%, 02/20/36
 
1,000
1,006,150
Series 2022-19A, Class A1, (3-mo. CME Term SOFR
+ 1.33%), 6.61%, 04/20/35
 
2,000
2,000,785
Benefit Street Partners CLO XVI Ltd., Series 2018-16A,
Class A1R, (3-mo. CME Term SOFR + 1.29%),
6.58%, 01/17/32(a)(b)
 
1,655
1,656,148
Benefit Street Partners CLO XXI Ltd., Series 2020-21A,
Class A1R, (3-mo. CME Term SOFR + 1.43%),
6.73%, 10/15/34(a)(b)
 
1,300
1,300,659
Bryant Park Funding Ltd., Series 2024-22A, Class C,
(3-mo. CME Term SOFR + 2.60%), 7.91%,
04/15/37(a)(b)
 
1,500
1,515,422
Buckhorn Park CLO Ltd., Series 2019-1A, Class AR,
(3-mo. CME Term SOFR + 1.38%), 6.66%,
07/18/34(a)(b)
 
1,000
1,000,531
Canyon CLO Ltd.(a)(b)
 
Series 2021-3A, Class B, (3-mo. CME Term SOFR +
1.96%), 7.26%, 07/15/34
 
1,800
1,805,370
Series 2021-4, Class A, (3-mo. CME Term SOFR +
1.43%), 6.73%, 10/15/34
 
1,500
1,501,236
Carlyle CLO Ltd., Series C17A, Class BR, (3-mo. CME
Term SOFR + 2.11%), 7.37%, 04/30/31(a)(b)
 
1,000
1,002,703
CarVal CLO I Ltd., Series 2018-1A, Class D, (3-mo.
CME Term SOFR + 3.15%), 8.44%, 07/16/31(a)(b)
 
500
499,768
Cedar Funding XII CLO Ltd., Series 2020-12A,
Class A1R, (3-mo. CME Term SOFR + 1.39%),
6.68%, 10/25/34(a)(b)
 
1,500
1,500,705
Security
 
Par
(000)
Value
Asset-Backed Securities (continued)
Cedar Funding XIV CLO Ltd., Series 2021-14A, Class A,
(3-mo. CME Term SOFR + 1.36%), 6.66%,
07/15/33(a)(b)
USD
2,000
$ 2,016,927
CIFC Funding Ltd.(a)(b)
 
Series 2013-2A, Class A3LR, (3-mo. CME Term
SOFR + 2.21%), 7.49%, 10/18/30
 
1,000
1,002,204
Series 2015-4A, Class A1A2, (3-mo. CME Term
SOFR + 1.33%), 6.61%, 04/20/34
 
1,000
1,002,505
Series 2018-1A, Class C, (3-mo. CME Term SOFR +
2.01%), 7.29%, 04/18/31
 
1,000
1,002,207
Series 2018-1A, Class D, (3-mo. CME Term SOFR +
2.91%), 8.19%, 04/18/31
 
1,200
1,202,815
Series 2019-2A, Class BR, (3-mo. CME Term SOFR
+ 1.76%), 7.05%, 04/17/34
 
900
902,394
Series 2019-5A, Class A2RS, (3-mo. CME Term
SOFR + 2.01%), 7.31%, 01/15/35
 
1,000
1,005,805
Series 2020-2A, Class AR, (3-mo. CME Term SOFR
+ 1.43%), 6.71%, 10/20/34
 
1,200
1,201,074
Series 2020-3A, Class A1R, (3-mo. CME Term SOFR
+ 1.39%), 6.67%, 10/20/34
 
1,000
1,000,387
Series 2021-1AR, Class A1R, (3-mo. CME Term
SOFR + 1.42%), 6.76%, 07/25/37
 
1,500
1,505,700
Clover CLO LLC(a)(b)
 
Series 2018-1A, Class A1RR, (3-mo. CME Term
SOFR + 1.53%), 6.85%, 04/20/37
 
3,500
3,507,602
Series 2021-1A, Class A, (3-mo. CME Term SOFR +
1.36%), 6.64%, 04/22/34
 
2,000
2,001,776
Series 2021-2A, Class B, (3-mo. CME Term SOFR +
2.01%), 7.29%, 07/20/34
 
1,000
1,005,870
Clover CLO Ltd., Series 2019-2A, Class AR, (3-mo.
CME Term SOFR + 1.36%), 6.65%, 10/25/33(a)(b)
 
1,000
1,001,279
Diameter Capital CLO Ltd., Series 2021-1A, Class A1A,
(3-mo. CME Term SOFR + 1.50%), 6.80%,
07/15/36(a)(b)
 
2,810
2,813,847
Dryden CLO Ltd., Series 2020-77A, Class AR, (3-mo.
CME Term SOFR + 1.38%), 6.51%, 05/20/34(a)(b)
 
3,500
3,505,234
Elmwood CLO 15 Ltd., Series 2022-2A, Class A1, (3-
mo. CME Term SOFR + 1.34%), 6.62%,
04/22/35(a)(b)
 
1,200
1,200,019
Elmwood CLO 26 Ltd, Series 2026-1A, Class C, (3-mo.
CME Term SOFR + 2.40%), 7.69%, 04/18/37(a)(b)
 
1,000
1,011,422
Elmwood CLO II Ltd., Series 2019-2A, Class AR, (3-mo.
CME Term SOFR + 1.41%), 6.69%, 04/20/34(a)(b)
 
2,000
2,004,389
Elmwood CLO VII Ltd.(a)(b)
 
Series 2020-4A, Class A1RR, 10/17/37(c)
 
2,000
2,000,000
Series 2020-4A, Class AR, (3-mo. CME Term SOFR
+ 1.63%), 6.92%, 01/17/34
 
2,000
2,004,728
Elmwood CLO XI Ltd., Series 2021-4A, Class B, (3-mo.
CME Term SOFR + 1.86%), 7.14%, 10/20/34(a)(b)
 
1,250
1,254,332
Elmwood CLO XII Ltd.(a)(b)
 
Series 2019-2A, Class B, (3-mo. CME Term SOFR +
1.96%), 7.24%, 01/20/35
 
2,000
2,009,475
Series 2021-5A, Class BR, 10/20/37(c)
 
2,000
2,000,000
Galaxy XX CLO Ltd., Series 2015-20A, Class D1R, (3-
mo. CME Term SOFR + 2.86%), 8.14%,
04/20/31(a)(b)
 
1,000
997,190
Generate CLO Ltd., Series 6A, Class DR, (3-mo. CME
Term SOFR + 1.46%), 6.74%, 01/22/35(a)(b)
 
2,500
2,500,258
Golub Capital Partners CLO Ltd.(a)(b)
 
Series 2019-41A, Class AR, (3-mo. CME Term SOFR
+ 1.58%), 6.86%, 01/20/34
 
1,000
1,001,386
Series 2021-53A, Class B, (3-mo. CME Term SOFR +
2.06%), 7.34%, 07/20/34
 
1,000
1,005,690
Schedule of Investments
1
Schedule of Investments (unaudited)(continued)
September 30, 2024
BlackRock Credit Allocation Income Trust (BTZ)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
Asset-Backed Securities (continued)
HalseyPoint CLO Ltd.(a)(b)
 
Series 2021-4A, Class A, (3-mo. CME Term SOFR +
1.48%), 6.76%, 04/20/34
USD
2,000
$ 2,006,000
Series 2021-5A, Class A1A, (3-mo. CME Term SOFR
+ 1.47%), 6.73%, 01/30/35
 
1,000
1,002,730
Highbridge Loan Management Ltd., Series 4A-2014,
Class A2R, (3-mo. CME Term SOFR + 1.76%),
7.03%, 01/28/30(a)(b)
 
650
650,116
HPS Loan Management Ltd., Series 6A-2015, Class BR,
(3-mo. CME Term SOFR + 2.01%), 7.25%,
02/05/31(a)(b)
 
1,500
1,503,918
Long Point Park CLO Ltd., Series 2017-1A, Class B,
(3-mo. CME Term SOFR + 1.96%), 7.25%,
01/17/30(a)(b)
 
1,000
1,002,377
Madison Park Funding L Ltd., Series 2021-50A, Class A,
(3-mo. CME Term SOFR + 1.40%), 6.68%,
04/19/34(a)(b)
 
2,520
2,520,586
Madison Park Funding LIX Ltd., Series 2021-59A,
Class A1R, (3-mo. CME Term SOFR + 1.50%),
6.78%, 04/18/37(a)(b)
 
1,000
1,001,969
Madison Park Funding XLVIII Ltd., Series 2021-48A,
Class A, (3-mo. CME Term SOFR + 1.41%), 6.69%,
04/19/33(a)(b)
 
986
986,505
Madison Park Funding XXVII Ltd.(a)(b)
 
Series 2018-27A, Class B, (3-mo. CME Term SOFR +
2.06%), 7.34%, 04/20/30
 
1,000
1,002,361
Series 2018-27A, Class C, (3-mo. CME Term SOFR +
2.86%), 8.14%, 04/20/30
 
1,000
1,001,683
Madison Park Funding XXXVIII Ltd., Series 2021-38A,
Class A, (3-mo. CME Term SOFR + 1.38%), 6.67%,
07/17/34(a)(b)
 
1,070
1,070,058
Marathon CLO Ltd., Series 2020-15ARRR, Class C1R3,
(3-mo. CME Term SOFR + 3.20%), 8.32%,
08/15/37(a)(b)
 
1,500
1,518,687
Marble Point CLO XI Ltd., Series 2017-2A, Class B,
(3-mo. CME Term SOFR + 1.76%), 7.04%,
12/18/30(a)(b)
 
1,000
1,003,088
MP CLO III Ltd., Series 2013-1A, Class CR, (3-mo. CME
Term SOFR + 2.26%), 7.54%, 10/20/30(a)(b)
 
1,000
1,001,734
Neuberger Berman Loan Advisers CLO Ltd.(a)(b)
 
Series 2017-26A, Class C, (3-mo. CME Term SOFR +
2.01%), 7.29%, 10/18/30
 
1,500
1,500,000
Series 2021-45A, Class A, (3-mo. CME Term SOFR +
1.39%), 6.69%, 10/14/35
 
3,000
3,001,729
Series 2021-46A, Class B, (3-mo. CME Term SOFR +
1.91%), 7.19%, 01/20/36
 
1,450
1,455,410
Series 2022-47A, Class A, (3-mo. CME Term SOFR +
1.30%), 6.60%, 04/14/35
 
1,000
1,000,355
New Mountain CLO Ltd., Series 2024-5A, Class A, (3-
mo. CME Term SOFR + 1.57%), 6.87%,
04/20/36(a)(b)
 
2,500
2,503,165
Oaktree CLO Ltd., Series 2022-2A, Class A1R, (3-mo.
CME Term SOFR + 1.55%), 6.85%, 07/15/33(a)(b)
 
2,000
2,001,000
OCP CLO Ltd., Series 2026-11R, Class CR2, (3-mo.
CME Term SOFR + 2.35%), 7.63%, 04/26/36(a)(b)
 
1,500
1,511,262
Octagon Investment Partners 26 Ltd., Series 2016-1A,
Class DR, (3-mo. CME Term SOFR + 3.11%), 8.41%,
07/15/30(a)(b)
 
500
501,248
Octagon Investment Partners 34 Ltd., Series 2017-1A,
Class B1, (3-mo. CME Term SOFR + 1.66%), 6.94%,
01/20/30(a)(b)
 
1,000
1,001,799
Security
 
Par
(000)
Value
Asset-Backed Securities (continued)
Octagon Investment Partners XVII Ltd.(a)(b)
 
Series 2013-1A, Class BR2, (3-mo. CME Term SOFR
+ 1.66%), 6.95%, 01/25/31
USD
1,000
$ 1,001,272
Series 2013-1A, Class CR2, (3-mo. CME Term SOFR
+ 1.96%), 7.25%, 01/25/31
 
1,000
1,001,117
Octagon Investment Partners XXII Ltd., Series 2014-1A,
Class CRR, (3-mo. CME Term SOFR + 2.16%),
7.44%, 01/22/30(a)(b)
 
900
902,427
OHA Credit Funding Ltd.(a)(b)
 
Series 2019-3A, Class AR, (3-mo. CME Term SOFR
+ 1.40%), 6.68%, 07/02/35
 
1,750
1,750,576
Series 2020-5A, Class A1, (3-mo. CME Term SOFR +
1.43%), 6.71%, 04/18/33
 
1,000
1,000,448
Series 2020-5AR, Class AR, 10/18/37(c)
 
1,000
1,000,000
Series 2020-7A, Class AR, (3-mo. CME Term SOFR
+ 1.30%), 6.58%, 02/24/37
 
1,250
1,251,033
Series 2021-10A, Class A, (3-mo. CME Term SOFR +
1.39%), 6.67%, 01/18/36
 
1,500
1,500,834
OHA Credit Partners XII Ltd., Series 2015-12AR,
Class D1R2, (3-mo. CME Term SOFR + 3.50%),
8.78%, 04/23/37(a)(b)
 
600
605,914
OHA Credit Partners XVI Ltd., Series 2021-16AR,
Class AR, (3-mo. CME Term SOFR + 1.35%), 6.04%,
10/18/37(a)(b)
 
750
750,000
Palmer Square CLO Ltd.(a)(b)
 
Series 2015-1A, Class A2R4, (3-mo. CME Term
SOFR + 1.96%), 7.09%, 05/21/34
 
2,500
2,506,066
Series 2019-1A, Class CR, (3-mo. CME Term SOFR
+ 3.31%), 8.43%, 11/14/34
 
1,000
1,000,048
Series 2020-3ARR, Class A1R2, (3-mo. CME Term
SOFR + 1.65%), 6.77%, 11/15/36
 
1,500
1,505,124
Series 2021-2A, Class A, (3-mo. CME Term SOFR +
1.41%), 6.71%, 07/15/34
 
2,000
2,001,871
Series 2021-4A, Class B, (3-mo. CME Term SOFR +
1.91%), 7.21%, 10/15/34
 
2,500
2,509,084
Post CLO Ltd., Series 2024-1, Class A1, (3-mo. CME
Term SOFR + 1.60%), 6.87%, 04/20/37(a)(b)
 
2,000
2,006,873
Regatta VI Funding Ltd., Series 2016-1A, Class AR2,
(3-mo. CME Term SOFR + 1.42%), 6.70%,
04/20/34(a)(b)
 
2,000
2,002,616
Regatta VII Funding Ltd., Series 2016-1A, Class DR2,
(3-mo. CME Term SOFR + 3.31%), 8.13%,
06/20/34(a)(b)
 
500
500,275
Regatta XII Funding Ltd.(a)(b)
 
Series 2019-12R, Class AR, (3-mo. CME Term SOFR
+ 1.36%), 6.66%, 10/15/32
 
1,500
1,500,014
Series 2019-1A, Class ARR, 10/15/37(c)
 
1,500
1,500,000
Regatta XVIII Funding Ltd., Series 2021-1A, Class B,
(3-mo. CME Term SOFR + 1.71%), 7.01%,
01/15/34(a)(b)
 
1,000
1,002,574
Regatta XXVII Funding Ltd., Series 2024-1A, Class A1,
(3-mo. CME Term SOFR + 1.53%), 6.83%,
04/26/37(a)(b)
 
2,000
2,013,380
Regatta XXVIII Funding Ltd., Series 2024-2A, Class A1,
(3-mo. CME Term SOFR + 1.55%), 6.83%,
04/25/37(a)(b)
 
1,500
1,503,781
Rockford Tower CLO Ltd.(a)(b)
 
Series 2017-3A, Class A, (3-mo. CME Term SOFR +
1.45%), 6.73%, 10/20/30
 
961
962,348
Series 2017-3A, Class D, (3-mo. CME Term SOFR +
2.91%), 8.19%, 10/20/30
 
1,000
999,557
2
Schedule of Investments (unaudited)(continued)
September 30, 2024
BlackRock Credit Allocation Income Trust (BTZ)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
Asset-Backed Securities (continued)
RR Ltd.(a)(b)
 
Series 2018-5A, Class CR, (3-mo. CME Term SOFR
+ 3.60%), 8.92%, 07/15/39
USD
650
$ 661,978
Series 2024-29RA, Class A2R, (3-mo. CME Term
SOFR + 1.70%), 7.00%, 07/15/39
 
2,000
2,003,772
Signal Peak CLO Ltd.(a)(b)
 
Series 2020-8A, Class A, (3-mo. CME Term SOFR +
1.53%), 6.81%, 04/20/33
 
6,000
6,013,001
Series 2020-8A, Class B, (3-mo. CME Term SOFR +
1.91%), 7.19%, 04/20/33
 
1,650
1,653,552
Sixth Street CLO XX Ltd., Series 2021-20A, Class A1,
(3-mo. CME Term SOFR + 1.42%), 6.70%,
10/20/34(a)(b)
 
1,325
1,325,349
Stewart Park CLO Ltd., Series 2015-1A, Class DR, (3-
mo. CME Term SOFR + 2.86%), 8.16%,
01/15/30(a)(b)
 
1,500
1,504,027
Symphony CLO XXIV Ltd., Series 2020-24AR,
Class AR, (3-mo. CME Term SOFR + 1.20%), 6.48%,
01/23/32(a)(b)
 
944
944,028
Symphony CLO XXVIII Ltd., Series 2021-28A, Class A,
(3-mo. CME Term SOFR + 1.40%), 6.68%,
10/23/34(a)(b)
 
1,900
1,902,775
TCI-Flatiron CLO Ltd., Series 2016-1A, Class AR3, (3-
mo. CME Term SOFR + 1.10%), 6.39%,
01/17/32(a)(b)
 
425
425,251
Tiaa CLO III Ltd., Series 2017-2A, Class A, (3-mo. CME
Term SOFR + 1.41%), 6.70%, 01/16/31(a)(b)
 
1,199
1,200,713
TICP CLO VI Ltd., Series 2016-6A, Class AR2, (3-mo.
CME Term SOFR + 1.38%), 6.68%, 01/15/34(a)(b)
 
2,000
2,001,240
TICP CLO X Ltd., Series 2018-10A, Class B, (3-mo.
CME Term SOFR + 1.73%), 7.01%, 04/20/31(a)(b)
 
1,300
1,300,964
TICP CLO XII Ltd., Series 2018-12A, Class BR, (3-mo.
CME Term SOFR + 1.91%), 7.21%, 07/15/34(a)(b)
 
1,000
1,003,413
TICP CLO XIV Ltd., Series 2019-14A, Class A2R, (3-
mo. CME Term SOFR + 1.91%), 7.19%,
10/20/32(a)(b)
 
1,750
1,753,508
Trestles CLO IV Ltd., Series 2021-4A, Class A, (3-mo.
CME Term SOFR + 1.43%), 6.71%, 07/21/34(a)(b)
 
2,000
2,002,236
Trimaran CAVU Ltd.(a)(b)
 
Series 2021-2A, Class B1, (3-mo. CME Term SOFR +
2.01%), 7.30%, 10/25/34
 
1,500
1,503,767
Series 2022-2A, Class A, (3-mo. CME Term SOFR +
2.50%), 7.78%, 01/20/36
 
2,500
2,516,291
Series 2022-2A, Class B1, (3-mo. CME Term SOFR +
3.40%), 8.68%, 01/20/36
 
1,500
1,507,789
Whitebox CLO I Ltd., Series 2019-1AR, Class A1RR,
(3-mo. CME Term SOFR + 1.32%), 6.66%,
07/24/36(a)(b)
 
1,000
1,001,700
Whitebox CLO IV Ltd.(a)(b)
 
Series 2023-4A, Class A1, (3-mo. CME Term SOFR +
2.15%), 7.43%, 04/20/36
 
2,000
2,012,516
Series 2023-4A, Class B1, (3-mo. CME Term SOFR +
2.60%), 7.88%, 04/20/36
 
1,000
1,010,844
Total Asset-Backed Securities — 16.8%
(Cost: $181,057,796)
183,684,113
 
 
 
 
Shares
 
Common Stocks
Financial Services — 0.0%
Travelport Finance Luxembourg SARL(d)(e)
 
25
65,390
Security
 
 
Shares
Value
Ground Transportation — 0.0%
Sirva BGRS Holdings, Inc.(d)(e)
 
99
$ 493
Health Care Providers & Services — 0.0%
Envision Healthcare Corp., (Acquired 11/03/23, Cost:
$100,499)(e)(f)
 
3,236
33,574
Media — 0.0%
Learfield Communications LLC, (Acquired 09/06/23,
Cost: $8,979)(d)(e)(f)
 
715
47,190
Trading Companies & Distributors — 0.0%
TMK Hawk Parent Corp.(d)(e)
 
934
7,477
Total Common Stocks — 0.0%
(Cost: $222,924)
154,124
 
 
 
Par
(000)
 
Corporate Bonds
Advertising Agencies — 1.2%
Clear Channel Outdoor Holdings, Inc.(b)
 
5.13%, 08/15/27
USD
2,099
2,063,543
7.75%, 04/15/28(g)
 
1,309
1,171,305
9.00%, 09/15/28(g)
 
3,573
3,798,521
7.50%, 06/01/29
 
608
523,646
7.88%, 04/01/30(g)
 
954
997,594
Interpublic Group of Cos., Inc., 5.40%, 10/01/48(g)
 
2,215
2,178,972
Neptune Bidco U.S., Inc., 9.29%, 04/15/29(b)
 
664
650,421
Outfront Media Capital LLC/Outfront Media Capital
Corp.(b)
 
5.00%, 08/15/27(g)
 
869
864,045
4.25%, 01/15/29(g)
 
373
355,151
4.63%, 03/15/30
 
176
167,233
7.38%, 02/15/31
 
412
439,806
Stagwell Global LLC, 5.63%, 08/15/29(b)
 
209
202,065
 
 
13,412,302
Aerospace & Defense — 4.3%
AAR Escrow Issuer LLC, 6.75%, 03/15/29(b)
 
385
400,402
Boeing Co.
 
5.15%, 05/01/30(g)
 
6,775
6,791,276
6.86%, 05/01/54(b)(g)
 
5,320
5,839,286
7.01%, 05/01/64(b)
 
2,285
2,517,563
Bombardier, Inc.(b)
 
7.88%, 04/15/27
 
325
325,912
7.50%, 02/01/29(g)
 
138
146,016
8.75%, 11/15/30(g)
 
647
710,454
7.25%, 07/01/31
 
189
199,808
7.00%, 06/01/32(g)
 
362
378,629
Embraer Netherlands Finance BV, 7.00%, 07/28/30(b)
 
200
217,840
F-Brasile SpA/F-Brasile U.S. LLC, Series XR, 7.38%,
08/15/26(b)(g)
 
1,000
996,960
General Dynamics Corp., 4.25%, 04/01/50(g)
 
1,260
1,138,125
Moog, Inc., 4.25%, 12/15/27(b)
 
320
310,758
Northrop Grumman Corp.(g)
 
4.03%, 10/15/47
 
2,400
2,064,797
5.25%, 05/01/50
 
3,050
3,115,742
RTX Corp.
 
4.63%, 11/16/48
 
2,805
2,594,234
3.13%, 07/01/50(g)
 
3,545
2,539,448
6.40%, 03/15/54(g)
 
1,100
1,298,779
Spirit AeroSystems, Inc.(b)
 
9.38%, 11/30/29
 
712
772,415
9.75%, 11/15/30
 
717
799,455
Schedule of Investments
3
Schedule of Investments (unaudited)(continued)
September 30, 2024
BlackRock Credit Allocation Income Trust (BTZ)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
Aerospace & Defense (continued)
TransDigm, Inc.(b)
 
6.75%, 08/15/28
USD
3,025
$ 3,113,596
6.38%, 03/01/29(g)
 
3,229
3,331,424
7.13%, 12/01/31
 
1,390
1,470,149
6.63%, 03/01/32(g)
 
3,219
3,352,080
6.00%, 01/15/33
 
1,587
1,609,480
Triumph Group, Inc., 9.00%, 03/15/28(b)
 
1,185
1,240,476
 
 
47,275,104
Air Freight & Logistics — 0.0%
Rand Parent LLC, 8.50%, 02/15/30(b)(g)
 
238
242,723
Automobile Components — 0.9%
Clarios Global LP/Clarios U.S. Finance Co.
 
4.38%, 05/15/26(h)
EUR
246
272,917
8.50%, 05/15/27(b)(g)
USD
7,045
7,067,939
6.75%, 05/15/28(b)(g)
 
1,071
1,103,938
Garrett Motion Holdings, Inc./Garrett LX I SARL, 7.75%,
05/31/32(b)
 
109
111,550
Goodyear Tire & Rubber Co.
 
5.00%, 07/15/29(g)
 
207
190,384
5.63%, 04/30/33
 
53
46,763
Phinia, Inc., 6.63%, 10/15/32(b)
 
161
162,329
SK On Co. Ltd., 5.38%, 05/11/26(h)
 
200
202,563
SMRC Automotive Holdings Netherlands BV, 5.63%,
07/11/29(h)
 
275
282,928
Tenneco, Inc., 8.00%, 11/17/28(b)
 
234
217,135
 
 
9,658,446
Automobiles — 1.6%
Asbury Automotive Group, Inc.
 
4.50%, 03/01/28
 
221
215,134
5.00%, 02/15/32(b)
 
100
94,828
Aston Martin Capital Holdings Ltd., 10.00%, 03/31/29(b)
 
218
213,919
Carvana Co.(b)(i)
 
(13.00% PIK), 13.00%, 06/01/30
 
609
661,596
(14.00% PIK), 14.00%, 06/01/31
 
1,241
1,462,052
Cougar JV Subsidiary LLC, 8.00%, 05/15/32(b)
 
264
279,118
Ford Motor Co.
 
3.25%, 02/12/32
 
171
145,628
6.10%, 08/19/32(g)
 
3,129
3,207,133
General Motors Co.(g)
 
6.25%, 10/02/43
 
940
964,624
5.95%, 04/01/49
 
3,455
3,424,584
Group 1 Automotive, Inc., 6.38%, 01/15/30(b)
 
90
91,430
Hyundai Capital America(h)
 
5.50%, 03/30/26
 
200
202,964
2.38%, 10/15/27
 
200
188,449
(1-day SOFR + 1.32%), 6.46%, 11/03/25(a)
 
200
201,433
Hyundai Capital Services, Inc., 5.13%, 02/05/29(h)
 
225
229,570
Jaguar Land Rover Automotive PLC, 4.50%, 10/01/27(h)
 
500
489,549
LCM Investments Holdings II LLC(b)(g)
 
4.88%, 05/01/29
 
535
514,064
8.25%, 08/01/31
 
498
528,786
Nissan Motor Acceptance Co. LLC
 
6.95%, 09/15/26(b)(g)
 
3,265
3,373,706
6.95%, 09/15/26(h)
 
75
77,497
7.05%, 09/15/28(h)
 
150
158,909
Nissan Motor Co. Ltd., 4.81%, 09/17/30(h)
 
200
189,513
TML Holdings Pte. Ltd., 4.35%, 06/09/26(h)
 
200
196,754
 
 
17,111,240
Security
 
Par
(000)
Value
Banks — 9.7%
Abu Dhabi Commercial Bank PJSC, 3.50%, 03/31/27(h)
USD
212
$ 207,959
Agricultural Bank of China Ltd./New York, 1.25%,
01/19/26(h)
 
200
192,270
Australia & New Zealand Banking Group Ltd.(a)
 
(1-day SOFR + 0.68%), 5.93%, 07/16/27(h)
 
200
200,419
(5-year CMT + 1.70%), 2.57%, 11/25/35(b)(g)
 
5,445
4,724,620
Bangkok Bank PCL/Hong Kong(h)
 
4.45%, 09/19/28
 
200
199,512
(5-year CMT + 1.70%), 3.34%, 10/02/31(a)
 
468
448,402
(5-year CMT + 1.90%), 3.73%, 09/25/34(a)
 
200
185,214
(5-year CMT + 4.73%), 5.00%(a)(j)
 
922
910,936
Bank Mandiri Persero Tbk PT, 5.50%, 04/04/26(h)
 
200
201,750
Bank Negara Indonesia Persero Tbk PT, 3.75%,
03/30/26(h)
 
200
194,938
Bank of America Corp.(a)(g)
 
(1-day SOFR + 1.83%), 4.57%, 04/27/33
 
9,380
9,334,946
(1-day SOFR + 1.99%), 6.20%, 11/10/28
 
3,090
3,261,688
Bank of China Ltd./London, 0.97%, 11/02/24(h)
 
200
199,302
Bank of China Ltd./Luxembourg, 1.40%, 04/28/26(h)
 
200
191,426
Bank of East Asia Ltd.(a)(h)
 
(1-year CMT + 2.30%), 6.63%, 03/13/27
 
250
254,532
(5-year CMT + 2.30%), 4.88%, 04/22/32
 
750
732,832
China CITIC Bank International Ltd., (5-year CMT +
1.65%), 6.00%, 12/05/33(a)(h)
 
250
262,344
China Construction Bank Corp., (5-year CMT + 2.15%),
2.45%, 06/24/30(a)(h)
 
200
196,472
Citigroup, Inc.(g)
 
6.68%, 09/13/43
 
4,125
4,864,185
(1-day SOFR + 2.66%), 6.17%, 05/25/34(a)
 
2,740
2,923,565
Deutsche Bank AG/New York(a)(g)
 
(1-day SOFR + 1.87%), 2.13%, 11/24/26
 
3,260
3,156,934
(1-day SOFR + 2.51%), 6.82%, 11/20/29
 
3,975
4,278,948
First Abu Dhabi Bank PJSC, 5.00%, 02/28/29(h)
 
200
205,312
Freedom Mortgage Corp., 12.25%, 10/01/30(b)
 
147
164,633
Goldman Sachs Group, Inc., (1-day SOFR + 1.85%),
3.62%, 03/15/28(a)(g)
 
1,830
1,800,425
Industrial & Commercial Bank of China Ltd./Hong Kong,
2.95%, 06/01/25(h)
 
200
197,522
Intesa Sanpaolo SpA, 5.71%, 01/15/26(b)(g)
 
9,840
9,916,343
JPMorgan Chase & Co., (1-day SOFR + 2.58%), 5.72%,
09/14/33(a)(g)
 
11,000
11,662,897
KeyCorp., (1-day SOFR Index + 2.42%), 6.40%,
03/06/35(a)
 
1,995
2,169,080
Kookmin Bank, 5.25%, 05/08/29(h)
 
200
208,034
Macquarie Bank Ltd., 6.80%, 01/18/33(b)(g)
 
5,110
5,613,406
Metropolitan Bank & Trust Co.(h)
 
5.38%, 03/06/29
 
320
331,400
5.50%, 03/06/34
 
275
284,883
Nanyang Commercial Bank Ltd., (5-year CMT + 2.10%),
6.00%, 08/06/34(a)(h)
 
250
255,552
NongHyup Bank, 4.00%, 01/06/26(h)
 
200
198,938
QNB Finance Ltd., 2.63%, 05/12/25(h)
 
200
196,750
Shinhan Financial Group Co. Ltd., 1.35%, 01/10/26(h)
 
200
192,063
SNB Funding Ltd., 2.75%, 10/02/24(h)
 
200
199,940
Standard Chartered PLC, (1-year CMT + 2.10%),
6.10%, 01/11/35(a)(h)
 
200
214,757
Toronto-Dominion Bank, (5-year CMT + 2.98%), 7.25%,
07/31/84(a)(g)
 
8,570
8,928,663
Truist Financial Corp., (1-day SOFR + 2.05%), 6.05%,
06/08/27(a)(g)
 
9,310
9,553,380
4
Schedule of Investments (unaudited)(continued)
September 30, 2024
BlackRock Credit Allocation Income Trust (BTZ)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
Banks (continued)
UBS Group AG, (1-year CMT + 1.55%), 4.49%,
05/12/26(a)(b)
USD
2,585
$ 2,577,461
UniCredit SpA, (5-year CMT + 4.75%), 5.46%,
06/30/35(a)(b)
 
6,135
6,036,259
United Overseas Bank Ltd., 1.25%, 04/14/26(h)
 
200
191,438
Wells Fargo & Co.(g)
 
5.61%, 01/15/44
 
4,119
4,256,361
(1-day SOFR + 1.51%), 3.53%, 03/24/28(a)
 
4,075
3,997,836
Westpac Banking Corp., (1-day SOFR + 0.81%), 6.06%,
04/16/29(a)
 
200
200,406
 
 
106,676,933
Beverages(g) — 1.0%
Anheuser-Busch Cos. LLC/Anheuser-Busch InBev
Worldwide, Inc., 4.90%, 02/01/46
 
6,170
6,076,488
Anheuser-Busch InBev Worldwide, Inc., 5.55%,
01/23/49
 
5,000
5,390,027
 
 
11,466,515
Biotechnology — 0.6%
Baxalta, Inc., 5.25%, 06/23/45(g)
 
6,000
6,006,014
Broadline Retail — 0.1%
Alibaba Group Holding Ltd.
 
3.60%, 11/28/24
 
200
199,464
2.70%, 02/09/41
 
200
147,226
Rakuten Group, Inc.
 
9.75%, 04/15/29(b)
 
522
569,632
9.75%, 04/15/29(h)
 
200
218,250
 
 
1,134,572
Building Materials — 1.2%
Builders FirstSource, Inc., 6.38%, 03/01/34(b)
 
274
284,507
Camelot Return Merger Sub, Inc., 8.75%, 08/01/28(b)(g)
 
336
340,005
EMRLD Borrower LP/Emerald Co-Issuer, Inc.(b)
 
6.38%, 12/15/30
EUR
240
280,231
6.63%, 12/15/30
USD
4,324
4,458,455
6.75%, 07/15/31
 
321
334,757
JELD-WEN, Inc., 7.00%, 09/01/32(b)
 
558
563,867
New Enterprise Stone & Lime Co., Inc.(b)
 
5.25%, 07/15/28(g)
 
163
159,169
9.75%, 07/15/28
 
28
28,602
Smyrna Ready Mix Concrete LLC(b)
 
6.00%, 11/01/28
 
1,146
1,150,230
8.88%, 11/15/31
 
1,013
1,092,717
Standard Building Solutions, Inc., 6.50%, 08/15/32(b)
 
483
500,124
Standard Industries, Inc.
 
2.25%, 11/21/26(h)
EUR
156
167,643
5.00%, 02/15/27(b)
USD
412
408,518
4.38%, 07/15/30(b)
 
1,443
1,365,803
3.38%, 01/15/31(b)
 
393
350,100
Summit Materials LLC/Summit Materials Finance
Corp.(b)
 
5.25%, 01/15/29
 
90
89,007
7.25%, 01/15/31(g)
 
659
698,078
Wilsonart LLC, 11.00%, 08/15/32(b)
 
426
426,128
 
 
12,697,941
Building Products — 0.7%
Beacon Roofing Supply, Inc.(b)
 
4.13%, 05/15/29
 
23
21,669
6.50%, 08/01/30
 
265
274,272
GYP Holdings III Corp., 4.63%, 05/01/29(b)
 
350
333,651
Security
 
Par
(000)
Value
Building Products (continued)
Lowe’s Cos., Inc., 5.63%, 04/15/53(g)
USD
4,345
$ 4,522,575
White Cap Buyer LLC, 6.88%, 10/15/28(b)
 
2,338
2,359,807
White Cap Parent LLC, (8.25% Cash or 9.00% PIK),
8.25%, 03/15/26(b)(i)
 
290
290,184
 
 
7,802,158
Capital Markets — 1.2%
Apollo Debt Solutions BDC, 6.90%, 04/13/29(b)
 
4,525
4,703,952
China Ping An Insurance Overseas Holdings Ltd.,
6.13%, 05/16/34(h)
 
200
213,118
Compass Group Diversified Holdings LLC, 5.25%,
04/15/29(b)(g)
 
447
434,263
Gaci First Investment Co., Series OCT, 5.25%,
10/13/32(h)
 
200
204,930
Huarong Finance II Co. Ltd., 4.63%, 06/03/26(h)
 
200
196,812
Icahn Enterprises LP/Icahn Enterprises Finance Corp.
 
5.25%, 05/15/27(g)
 
2,901
2,779,859
9.75%, 01/15/29(b)
 
426
441,963
4.38%, 02/01/29(g)
 
374
326,857
9.00%, 06/15/30(b)
 
282
284,331
State Street Corp., (1-day SOFR + 1.72%), 5.82%,
11/04/28(a)(g)
 
2,925
3,074,066
 
 
12,660,151
Chemicals — 2.6%
Avient Corp., 6.25%, 11/01/31(b)
 
204
209,126
Axalta Coating Systems Dutch Holding B BV, 7.25%,
02/15/31(b)
 
534
570,254
Axalta Coating Systems LLC, 3.38%, 02/15/29(b)
 
940
880,085
Axalta Coating Systems LLC/Axalta Coating Systems
Dutch Holding B BV, 4.75%, 06/15/27(b)
 
305
302,559
Chemours Co.
 
5.38%, 05/15/27
 
328
321,090
5.75%, 11/15/28(b)
 
365
346,718
4.63%, 11/15/29(b)(g)
 
348
311,640
CNAC HK Finbridge Co. Ltd., 2.00%, 09/22/25(h)
 
300
291,492
DuPont de Nemours, Inc., 5.42%, 11/15/48(g)
 
7,500
8,294,951
Element Solutions, Inc., 3.88%, 09/01/28(b)
 
3,039
2,897,039
GC Treasury Center Co. Ltd., 2.98%, 03/18/31(h)
 
200
175,313
Herens Holdco SARL, 4.75%, 05/15/28(b)
 
200
174,555
Illuminate Buyer LLC/Illuminate Holdings IV, Inc., 9.00%,
07/01/28(b)(g)
 
243
245,673
Ingevity Corp., 3.88%, 11/01/28(b)
 
100
93,904
Kraton Corp., 5.00%, 07/15/27(h)
 
200
203,744
LG Chem Ltd., 2.38%, 07/07/31(h)
 
200
172,000
LYB Finance Co. BV, 8.10%, 03/15/27(b)
 
6,000
6,449,875
Mativ Holdings, Inc., 10/01/29(b)(c)
 
277
282,727
Olympus Water U.S. Holding Corp.(b)
 
9.75%, 11/15/28
 
1,466
1,564,602
7.25%, 06/15/31(g)
 
853
887,615
SK Invictus Intermediate II SARL, 5.00%, 10/30/29(b)
 
1,061
1,018,573
WR Grace Holdings LLC(b)
 
4.88%, 06/15/27
 
224
220,728
5.63%, 08/15/29(g)
 
2,575
2,418,912
7.38%, 03/01/31
 
373
390,806
 
 
28,723,981
Commercial Services & Supplies — 4.0%
ADT Security Corp.(b)
 
4.13%, 08/01/29
 
91
86,918
4.88%, 07/15/32
 
518
494,768
Schedule of Investments
5
Schedule of Investments (unaudited)(continued)
September 30, 2024
BlackRock Credit Allocation Income Trust (BTZ)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
Commercial Services & Supplies (continued)
AerCap Global Aviation Trust, (3-mo. CME Term SOFR
+ 4.56%), 6.50%, 06/15/45(a)(b)
USD
5,000
$ 4,992,201
Allied Universal Holdco LLC, 7.88%, 02/15/31(b)
 
2,239
2,287,109
Allied Universal Holdco LLC/Allied Universal Finance
Corp., 6.00%, 06/01/29(b)(g)
 
592
529,043
Allied Universal Holdco LLC/Allied Universal Finance
Corp./Atlas Luxco 4 SARL(b)
 
4.63%, 06/01/28
 
1,460
1,372,631
4.63%, 06/01/28(g)
 
1,128
1,058,516
APX Group, Inc., 5.75%, 07/15/29(b)
 
555
549,480
Block, Inc.
 
2.75%, 06/01/26
 
1,258
1,219,638
3.50%, 06/01/31
 
189
172,340
6.50%, 05/15/32(b)(g)
 
2,991
3,114,582
Boost Newco Borrower LLC, 7.50%, 01/15/31(b)
 
1,442
1,547,334
Brink’s Co.(b)
 
6.50%, 06/15/29
 
225
233,087
6.75%, 06/15/32
 
340
354,649
Champions Financing, Inc., 8.75%, 02/15/29(b)(g)
 
433
441,034
Cimpress PLC, 7.38%, 09/15/32(b)
 
369
371,989
CMHI Finance BVI Co. Ltd., (5-year CMT + 6.62%),
3.88%(a)(h)(j)
 
200
197,100
Fortress Transportation and Infrastructure Investors LLC
 
5.50%, 05/01/28(b)
 
1,350
1,344,358
7.88%, 12/01/30(b)
 
909
979,282
7.00%, 05/01/31(b)
 
1,515
1,596,821
7.50%, 06/01/31(b)
 
837
883,058
7.00%, 06/15/32(b)(g)
 
799
838,711
04/15/33(c)
 
537
534,315
Garda World Security Corp.(b)
 
4.63%, 02/15/27
 
194
190,476
9.50%, 11/01/27
 
165
165,217
7.75%, 02/15/28
 
860
891,741
6.00%, 06/01/29
 
148
142,032
8.25%, 08/01/32
 
544
556,785
Global Payments, Inc., 5.95%, 08/15/52(g)
 
4,547
4,693,402
Herc Holdings, Inc.(b)(g)
 
5.50%, 07/15/27
 
1,057
1,055,701
6.63%, 06/15/29
 
291
301,410
Mavis Tire Express Services Topco Corp., 6.50%,
05/15/29(b)
 
310
297,880
Prime Security Services Borrower LLC/Prime Finance,
Inc.(b)
 
5.75%, 04/15/26
 
19
19,087
6.25%, 01/15/28(g)
 
879
879,236
RR Donnelley & Sons Co., 9.50%, 08/01/29(b)
 
377
380,208
Service Corp. International
 
5.13%, 06/01/29
 
468
467,369
3.38%, 08/15/30
 
1,331
1,206,269
4.00%, 05/15/31
 
364
336,823
5.75%, 10/15/32
 
1,280
1,288,381
Shanghai Port Group BVI Development 2 Co. Ltd.,
1.50%, 07/13/25(h)
 
200
195,187
Shift4 Payments LLC/Shift4 Payments Finance Sub,
Inc.(b)
 
4.63%, 11/01/26
 
410
405,775
6.75%, 08/15/32
 
1,382
1,442,859
Sotheby’s/Bidfair Holdings, Inc., 5.88%, 06/01/29(b)(g)
 
882
773,057
United Rentals North America, Inc., 6.13%, 03/15/34(b)
 
255
263,529
Wand NewCo 3, Inc., 7.63%, 01/30/32(b)
 
889
936,560
Williams Scotsman, Inc.(b)
 
6.13%, 06/15/25
 
823
822,160
Security
 
Par
(000)
Value
Commercial Services & Supplies (continued)
Williams Scotsman, Inc.(b) (continued)
 
4.63%, 08/15/28
USD
269
$ 261,459
6.63%, 06/15/29
 
118
121,491
7.38%, 10/01/31
 
541
571,816
 
 
43,864,874
Construction & Engineering — 0.3%
Arcosa, Inc., 6.88%, 08/15/32(b)
 
76
79,537
Brand Industrial Services, Inc., 10.38%, 08/01/30(b)
 
2,257
2,416,911
Dycom Industries, Inc., 4.50%, 04/15/29(b)
 
26
25,098
Signature Aviation U.S. Holdings, Inc., 4.00%,
03/01/28(b)
 
541
484,195
Summit Digitel Infrastructure Ltd., 2.88%, 08/12/31(h)
 
200
173,625
 
 
3,179,366
Consumer Finance — 0.5%
Bread Financial Holdings, Inc., 9.75%, 03/15/29(b)
 
116
122,584
Focus Financial Partners LLC, 6.75%, 09/15/31(b)
 
336
339,207
Hyundai Card Co. Ltd., 5.75%, 04/24/29(h)
 
345
358,476
KB Kookmin Card Co. Ltd., 4.00%, 06/09/25(h)
 
200
198,875
Muthoot Finance Ltd., 7.13%, 02/14/28(h)
 
475
488,062
Navient Corp.
 
5.50%, 03/15/29(g)
 
480
465,634
9.38%, 07/25/30
 
414
459,246
OneMain Finance Corp.
 
6.63%, 01/15/28
 
295
300,365
9.00%, 01/15/29(g)
 
573
607,189
5.38%, 11/15/29
 
1,090
1,047,460
7.88%, 03/15/30
 
532
556,146
4.00%, 09/15/30
 
109
97,084
7.50%, 05/15/31
 
154
158,523
7.13%, 11/15/31
 
262
265,148
Shinhan Card Co. Ltd., 1.38%, 10/19/25(h)
 
200
193,187
SLM Corp., 3.13%, 11/02/26
 
347
333,587
 
 
5,990,773
Consumer Staples Distribution & Retail — 1.0%
Albertsons Cos., Inc./Safeway, Inc./New Albertsons
LP/Albertsons LLC(b)
 
3.25%, 03/15/26
 
1,147
1,109,111
4.63%, 01/15/27
 
1,961
1,907,782
5.88%, 02/15/28
 
898
902,009
6.50%, 02/15/28
 
118
120,148
3.50%, 03/15/29
 
158
147,323
4.88%, 02/15/30(g)
 
264
259,741
CK Hutchison International 21 Ltd., 2.50%, 04/15/31(h)
 
200
175,876
CK Hutchison International 23 Ltd.(h)
 
4.75%, 04/21/28
 
400
404,748
4.88%, 04/21/33
 
400
403,376
CK Hutchison International 24 Ltd., 5.50%, 04/26/34(h)
 
200
209,990
Walgreens Boots Alliance, Inc., 8.13%, 08/15/29
 
135
134,741
Walmart, Inc., 5.25%, 09/01/35(g)
 
5,150
5,595,921
 
 
11,370,766
Containers & Packaging — 1.4%
Ardagh Metal Packaging Finance USA LLC/Ardagh
Metal Packaging Finance PLC(b)
 
6.00%, 06/15/27
 
509
512,659
3.25%, 09/01/28
 
200
183,076
4.00%, 09/01/29(g)
 
2,400
2,142,283
Ardagh Packaging Finance PLC/Ardagh Holdings USA,
Inc.
 
2.13%, 08/15/26(h)
EUR
304
292,739
4.13%, 08/15/26(b)
USD
700
631,011
Ball Corp., 3.13%, 09/15/31(g)
 
234
207,787
6
Schedule of Investments (unaudited)(continued)
September 30, 2024
BlackRock Credit Allocation Income Trust (BTZ)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
Containers & Packaging (continued)
Canpack SA/Canpack U.S. LLC, 3.13%, 11/01/25(b)
USD
228
$ 222,300
Clydesdale Acquisition Holdings, Inc.(b)
 
6.63%, 04/15/29
 
287
289,722
6.88%, 01/15/30
 
666
680,141
8.75%, 04/15/30(g)
 
1,046
1,062,153
Crown Americas LLC/Crown Americas Capital Corp. V,
4.25%, 09/30/26
 
224
220,459
LABL, Inc.(b)
 
6.75%, 07/15/26
 
97
96,920
5.88%, 11/01/28
 
320
299,695
9.50%, 11/01/28
 
710
733,628
10/01/31(c)
 
512
508,087
Mauser Packaging Solutions Holding Co.(b)
 
7.88%, 04/15/27(g)
 
5,124
5,294,002
9.25%, 04/15/27
 
102
104,588
OI European Group BV, 6.25%, 05/15/28(b)
EUR
175
202,887
Owens-Brockway Glass Container, Inc.(b)
 
6.63%, 05/13/27
USD
59
59,277
7.25%, 05/15/31(g)
 
157
161,291
Sealed Air Corp.(b)
 
4.00%, 12/01/27
 
109
105,320
5.00%, 04/15/29
 
86
84,699
6.50%, 07/15/32
 
268
276,352
Sealed Air Corp./Sealed Air Corp. U.S., 6.13%,
02/01/28(b)
 
121
123,026
Trivium Packaging Finance BV, 5.50%, 08/15/26(b)
 
1,000
996,104
 
 
15,490,206
Diversified REITs — 2.3%
American Tower Corp., 3.60%, 01/15/28(g)
 
4,000
3,903,628
Crown Castle, Inc.(g)
 
3.65%, 09/01/27
 
8,000
7,842,290
4.15%, 07/01/50
 
820
679,414
Global Net Lease, Inc./Global Net Lease Operating
Partnership LP, 3.75%, 12/15/27(b)
 
197
183,641
GLP Capital LP/GLP Financing II, Inc., 3.25%,
01/15/32(g)
 
725
641,371
HAT Holdings I LLC/HAT Holdings II LLC, 8.00%,
06/15/27(b)
 
292
309,339
Iron Mountain Information Management Services, Inc.,
5.00%, 07/15/32(b)
 
534
514,707
Iron Mountain, Inc.(b)
 
4.88%, 09/15/27(g)
 
606
601,436
7.00%, 02/15/29
 
798
831,765
5.25%, 07/15/30
 
32
31,596
5.63%, 07/15/32
 
493
491,735
SBA Communications Corp.
 
3.13%, 02/01/29(g)
 
3,003
2,775,657
3.88%, 02/15/27
 
30
29,237
Uniti Group LP/Uniti Group Finance, Inc./CSL Capital
LLC, 10.50%, 02/15/28(b)
 
3,106
3,315,363
VICI Properties LP, 5.13%, 05/15/32
 
3,155
3,167,822
 
 
25,319,001
Diversified Telecommunication Services — 8.5%
Altice Financing SA(b)
 
9.63%, 07/15/27
 
491
478,219
5.75%, 08/15/29
 
1,080
867,930
Altice France SA(b)
 
5.13%, 01/15/29
 
1,546
1,085,799
5.13%, 07/15/29
 
1,196
841,049
AT&T, Inc.
 
4.65%, 06/01/44
 
28
25,439
Security
 
Par
(000)
Value
Diversified Telecommunication Services (continued)
AT&T, Inc. (continued)
 
4.35%, 06/15/45
USD
95
$ 83,914
3.50%, 09/15/53(g)
 
15,960
11,725,395
CommScope, Inc., 4.75%, 09/01/29(b)
 
413
346,920
Connect Finco SARL/Connect U.S. Finco LLC(b)
 
6.75%, 10/01/26(g)
 
600
600,000
9.00%, 09/15/29
 
1,377
1,332,571
Digicel Intermediate Holdings Ltd./Digicel International
Finance Ltd/Difl U.S., (9.00% Cash and 3.00% PIK),
12.00%, 05/25/27(i)
 
665
669,395
Frontier Communications Holdings LLC(b)
 
5.88%, 10/15/27
 
68
68,277
5.00%, 05/01/28
 
640
634,227
8.75%, 05/15/30
 
3,345
3,564,646
8.63%, 03/15/31
 
395
425,846
Globe Telecom, Inc., (5-year CMT + 5.53%),
4.20%(a)(h)(j)
 
700
683,067
HKT Capital No. 4 Ltd., 3.00%, 07/14/26(h)
 
200
194,938
Iliad Holding SASU(b)
 
6.50%, 10/15/26
 
719
726,838
7.00%, 10/15/28(g)
 
735
747,728
8.50%, 04/15/31
 
1,185
1,274,593
Level 3 Financing, Inc.(b)
 
10.50%, 04/15/29(g)
 
1,205
1,313,509
4.88%, 06/15/29(g)
 
755
634,200
11.00%, 11/15/29
 
2,366
2,620,776
10.50%, 05/15/30(g)
 
2,829
3,044,711
10.75%, 12/15/30
 
135
147,718
Lumen Technologies, Inc.(b)
 
4.13%, 04/15/29
 
368
309,618
4.13%, 04/15/30
 
369
297,560
Network i2i Ltd., (5-year CMT + 4.27%), 5.65%(a)(h)(j)
 
695
693,402
Optics Bidco SpA, 6.00%, 09/30/34(b)
 
840
850,348
Sable International Finance Ltd., 10/15/32(b)(c)
 
639
640,297
Sprint Capital Corp.(g)
 
6.88%, 11/15/28
 
3,063
3,344,235
8.75%, 03/15/32
 
2,041
2,530,678
Sprint LLC, 7.63%, 03/01/26
 
1,096
1,132,113
Telefonica Emisiones SA, 5.21%, 03/08/47(g)
 
5,000
4,742,989
T-Mobile U.S., Inc.
 
4.75%, 02/01/28(g)
 
1,013
1,014,009
2.63%, 02/15/29
 
438
407,998
3.38%, 04/15/29
 
676
648,797
2.88%, 02/15/31
 
235
213,611
3.50%, 04/15/31(g)
 
990
931,548
5.05%, 07/15/33(g)
 
2,000
2,049,986
Verizon Communications, Inc.(g)
 
6.40%, 09/15/33
 
9,475
10,588,305
6.55%, 09/15/43
 
13,225
15,512,798
5.01%, 04/15/49
 
6,998
7,052,550
Viavi Solutions, Inc., 3.75%, 10/01/29(b)
 
227
205,982
Vmed O2 U.K. Financing I PLC, 4.75%, 07/15/31(b)
 
200
178,005
Windstream Escrow LLC/Windstream Escrow Finance
Corp.(b)
 
7.75%, 08/15/28
 
431
431,405
10/01/31(c)
 
323
328,372
Zayo Group Holdings, Inc.(b)
 
4.00%, 03/01/27(g)
 
4,838
4,327,315
6.13%, 03/01/28
 
702
582,660
 
 
93,152,286
Schedule of Investments
7
Schedule of Investments (unaudited)(continued)
September 30, 2024
BlackRock Credit Allocation Income Trust (BTZ)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
Electric Utilities — 5.0%
Abu Dhabi National Energy Co. PJSC, 4.38%,
04/23/25(h)
USD
200
$ 199,188
Alexander Funding Trust II, 7.47%, 07/31/28(b)
 
520
561,840
Alpha Generation LLC, 6.75%, 10/15/32(b)
 
438
444,175
Calpine Corp.(b)
 
5.25%, 06/01/26
 
379
377,510
5.13%, 03/15/28(g)
 
2,807
2,767,962
5.00%, 02/01/31
 
100
96,823
China Huaneng Group Hong Kong Treasury
Management Holding Ltd., 1.60%, 01/20/26(h)
 
200
193,054
Clearway Energy Operating LLC(b)
 
4.75%, 03/15/28
 
592
580,895
3.75%, 01/15/32
 
307
277,805
Continuum Energy Aura Pte. Ltd., 9.50%, 02/24/27(h)
 
200
209,875
Edison International, Series A, (5-year CMT + 4.70%),
5.38%(a)(j)
 
217
214,850
Emera, Inc., Series 16-A, (3-mo. LIBOR US + 5.44%),
6.75%, 06/15/76(a)
 
7,500
7,543,275
FirstEnergy Corp.
 
4.00%, 05/01/26(k)
 
821
859,176
2.65%, 03/01/30
 
73
66,609
JERA Co., Inc., 3.67%, 04/14/27(h)
 
200
196,057
Korea Western Power Co. Ltd., 4.13%, 06/28/25(h)
 
200
199,250
Lightning Power LLC, 7.25%, 08/15/32(b)
 
13
13,670
Minejesa Capital BV, 4.63%, 08/10/30(h)
 
172
169,610
Mong Duong Finance Holdings BV, 5.13%, 05/07/29(h)
 
510
493,795
NextEra Energy Capital Holdings, Inc., (3-mo. LIBOR
US + 2.41%), 4.80%, 12/01/77(a)(g)
 
5,000
4,722,498
NRG Energy, Inc., 6.63%, 01/15/27
 
618
618,886
Oncor Electric Delivery Co. LLC, 5.30%, 06/01/42(g)
 
2,750
2,812,056
Pacific Gas and Electric Co.
 
6.95%, 03/15/34
 
1,020
1,159,270
4.20%, 06/01/41(g)
 
2,310
1,950,805
Pattern Energy Operations LP/Pattern Energy
Operations, Inc., 4.50%, 08/15/28(b)
 
542
524,324
Perusahaan Perseroan Persero PT Perusahaan Listrik
Negara, 3.00%, 06/30/30(h)
 
350
319,047
PG&E Corp.
 
4.25%, 12/01/27(b)(k)
 
319
345,477
5.25%, 07/01/30
 
226
224,463
Pike Corp., 8.63%, 01/31/31(b)
 
126
134,721
Progress Energy, Inc., 7.00%, 10/30/31(g)
 
12,000
13,658,042
ReNew Wind Energy AP2/ReNew Power Pvt Ltd. other
9 Subsidiaries, 4.50%, 07/14/28(h)
 
550
515,109
San Miguel Global Power Holdings Corp., (5-year CMT
+ 7.73%), 8.75%(a)(h)(j)
 
200
205,000
Sempra, (5-year CMT + 4.55%), 4.88%(a)(j)
 
4,375
4,328,041
Southern California Edison Co., 5.88%, 12/01/53(g)
 
4,000
4,338,315
Star Energy Geothermal Darajat II/Star Energy
Geothermal Salak, 4.85%, 10/14/38(h)
 
200
191,813
State Grid Overseas Investment BVI Ltd.(h)
 
1.00%, 08/05/25
 
200
193,814
3.50%, 05/04/27
 
200
197,696
Talen Energy Supply LLC, 8.63%, 06/01/30(b)
 
202
220,144
Three Gorges Finance I Cayman Islands Ltd., 3.15%,
06/02/26(h)
 
200
196,875
TransAlta Corp., 7.75%, 11/15/29
 
72
76,051
Vistra Corp., (5-year CMT + 6.93%), 8.00%(a)(b)(j)
 
247
258,742
Vistra Operations Co. LLC(b)
 
5.50%, 09/01/26
 
23
22,992
5.63%, 02/15/27
 
812
810,767
Security
 
Par
(000)
Value
Electric Utilities (continued)
Vistra Operations Co. LLC(b) (continued)
 
5.00%, 07/31/27
USD
23
$ 22,888
7.75%, 10/15/31
 
718
772,997
6.88%, 04/15/32
 
556
584,872
 
 
54,871,124
Electronic Equipment, Instruments & Components(b) — 0.6%
Coherent Corp., 5.00%, 12/15/29(g)
 
687
671,727
EquipmentShare.com, Inc., 8.00%, 03/15/33
 
180
184,263
Imola Merger Corp., 4.75%, 05/15/29
 
573
559,120
Sensata Technologies BV, 4.00%, 04/15/29
 
207
197,328
Sensata Technologies, Inc.
 
4.38%, 02/15/30
 
2,150
2,054,687
3.75%, 02/15/31(g)
 
416
380,867
6.63%, 07/15/32
 
612
638,048
WESCO Distribution, Inc.
 
7.25%, 06/15/28(g)
 
1,043
1,068,023
6.38%, 03/15/29(g)
 
137
141,536
6.63%, 03/15/32
 
264
274,983
Zebra Technologies Corp., 6.50%, 06/01/32
 
166
173,312
 
 
6,343,894
Energy Equipment & Services — 0.4%
Archrock Partners LP/Archrock Partners Finance
Corp.(b)
 
6.88%, 04/01/27
 
415
416,301
6.25%, 04/01/28
 
98
98,487
6.63%, 09/01/32
 
672
689,130
Kodiak Gas Services LLC, 7.25%, 02/15/29(b)
 
757
783,422
Oceaneering International, Inc., 6.00%, 02/01/28
 
101
101,193
Star Holding LLC, 8.75%, 08/01/31(b)
 
366
349,018
USA Compression Partners LP/USA Compression
Finance Corp.
 
6.88%, 09/01/27
 
473
476,998
7.13%, 03/15/29(b)
 
611
629,301
Weatherford International Ltd., 8.63%, 04/30/30(b)
 
761
792,978
 
 
4,336,828
Entertainment(b) — 2.1%
Banijay Entertainment SASU, 8.13%, 05/01/29
 
200
207,869
Boyne USA, Inc., 4.75%, 05/15/29
 
611
587,373
Caesars Entertainment, Inc.
 
8.13%, 07/01/27
 
1,134
1,157,350
4.63%, 10/15/29(g)
 
110
104,634
7.00%, 02/15/30(g)
 
2,875
3,003,501
6.50%, 02/15/32(g)
 
961
994,072
Churchill Downs, Inc.
 
5.50%, 04/01/27
 
1,407
1,401,699
4.75%, 01/15/28
 
730
715,760
5.75%, 04/01/30
 
1,506
1,507,650
6.75%, 05/01/31
 
579
597,909
Cinemark USA, Inc., 7.00%, 08/01/32(g)
 
160
167,033
Flutter Treasury DAC, 6.38%, 04/29/29
 
224
231,935
Light & Wonder International, Inc.
 
7.00%, 05/15/28
 
451
454,949
7.25%, 11/15/29
 
218
225,548
7.50%, 09/01/31
 
655
687,016
Lions Gate Capital Holdings 1, Inc., 5.50%, 04/15/29
 
388
348,314
Live Nation Entertainment, Inc.
 
4.88%, 11/01/24
 
136
135,671
6.50%, 05/15/27
 
2,284
2,329,664
4.75%, 10/15/27(g)
 
580
571,799
8
Schedule of Investments (unaudited)(continued)
September 30, 2024
BlackRock Credit Allocation Income Trust (BTZ)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
Entertainment (continued)
Live Nation Entertainment, Inc. (continued)
 
3.75%, 01/15/28
USD
155
$ 148,939
Merlin Entertainments Group U.S. Holdings, Inc., 7.38%,
02/15/31
 
423
424,648
Merlin Entertainments Ltd., 5.75%, 06/15/26
 
440
434,692
Midwest Gaming Borrower LLC/Midwest Gaming
Finance Corp., 4.88%, 05/01/29
 
313
300,221
Playtika Holding Corp., 4.25%, 03/15/29
 
114
104,624
Premier Entertainment Sub LLC/Premier Entertainment
Finance Corp.
 
5.63%, 09/01/29
 
242
181,027
5.88%, 09/01/31
 
310
211,585
Scientific Games Holdings LP/Scientific Games
U.S. FinCo, Inc., 6.63%, 03/01/30
 
410
406,905
Six Flags Entertainment Corp., 7.25%, 05/15/31(g)
 
810
838,933
Six Flags Entertainment Corp./Six Flags Theme Parks,
Inc., 6.63%, 05/01/32
 
1,139
1,179,552
Six Flags Theme Parks, Inc., 7.00%, 07/01/25
 
224
224,176
Vail Resorts, Inc., 6.50%, 05/15/32(g)
 
518
541,268
Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.
 
5.13%, 10/01/29
 
1,337
1,320,946
7.13%, 02/15/31(g)
 
700
755,228
6.25%, 03/15/33
 
248
251,235
 
 
22,753,725
Environmental, Maintenance & Security Service — 0.7%
Clean Harbors, Inc.(b)
 
5.13%, 07/15/29
 
1,142
1,127,661
6.38%, 02/01/31
 
100
102,442
GFL Environmental, Inc.(b)
 
3.75%, 08/01/25
 
443
439,445
4.00%, 08/01/28
 
36
34,574
3.50%, 09/01/28
 
376
357,969
4.75%, 06/15/29(g)
 
558
544,306
4.38%, 08/15/29
 
629
602,904
6.75%, 01/15/31
 
604
633,495
Madison IAQ LLC, 5.88%, 06/30/29(b)(g)
 
884
860,629
Reworld Holding Corp.
 
4.88%, 12/01/29(b)(g)
 
142
133,670
5.00%, 09/01/30
 
282
264,498
Waste Pro USA, Inc., 5.50%, 02/15/26(b)
 
1,975
1,965,148
Wrangler Holdco Corp., 6.63%, 04/01/32(b)
 
211
219,319
 
 
7,286,060
Financial Services — 1.2%
BOC Aviation Ltd., 1.75%, 01/21/26(h)
 
200
193,170
BOC Aviation USA Corp., 5.25%, 01/14/30(h)
 
200
206,412
China Cinda 2020 I Management Ltd.(h)
 
3.25%, 01/28/27
 
200
193,042
3.00%, 03/18/27
 
200
191,110
CITIC Ltd., 3.70%, 06/14/26(h)
 
200
197,880
CMB International Leasing Management Ltd.(h)
 
1.88%, 08/12/25
 
200
194,938
(1-day SOFR + 0.76%), 5.75%, 06/04/27(a)
 
200
199,792
Far East Horizon Ltd.(h)
 
6.63%, 04/16/27
 
290
292,897
5.88%, 03/05/28
 
200
198,660
Freedom Mortgage Holdings LLC(b)
 
9.25%, 02/01/29
 
546
567,537
9.13%, 05/15/31
 
377
387,597
GGAM Finance Ltd.(b)
 
7.75%, 05/15/26
 
66
67,487
8.00%, 02/15/27
 
307
320,819
Security
 
Par
(000)
Value
Financial Services (continued)
GGAM Finance Ltd.(b) (continued)
 
8.00%, 06/15/28
USD
202
$ 216,515
6.88%, 04/15/29
 
462
480,610
5.88%, 03/15/30
 
286
286,375
Global Aircraft Leasing Co. Ltd., 8.75%, 09/01/27(b)
 
186
188,920
ICBCIL Finance Co. Ltd., 1.75%, 08/25/25(h)
 
200
194,378
Jefferies Finance LLC/JFIN Co-Issuer Corp., 5.00%,
08/15/28(b)
 
475
451,635
JIC Zhixin Ltd., 3.50%, 11/24/27(h)
 
200
195,926
Kodit Global Co. Ltd., Series 2023-1, 4.95%, 05/25/26(h)
 
200
201,546
Macquarie Airfinance Holdings Ltd.(b)
 
6.40%, 03/26/29
 
90
93,671
8.13%, 03/30/29
 
301
318,790
6.50%, 03/26/31
 
230
242,785
Manappuram Finance Ltd., 7.38%, 05/12/28(h)
 
200
204,500
Nationstar Mortgage Holdings, Inc.(b)
 
5.00%, 02/01/26
 
2,402
2,390,345
6.00%, 01/15/27
 
244
244,028
6.50%, 08/01/29
 
682
693,477
5.13%, 12/15/30
 
113
108,401
5.75%, 11/15/31
 
436
427,093
PennyMac Financial Services, Inc.(b)
 
7.88%, 12/15/29
 
401
427,594
7.13%, 11/15/30
 
396
410,033
Piramal Capital & Housing Finance Ltd., 7.80%,
01/29/28(h)
 
200
204,250
Power Finance Corp. Ltd., 3.75%, 12/06/27(h)
 
200
195,062
Rocket Mortgage LLC/Rocket Mortgage Co-Issuer,
Inc.(b)
 
2.88%, 10/15/26(g)
 
1,095
1,051,285
3.88%, 03/01/31(g)
 
545
501,803
4.00%, 10/15/33
 
116
103,621
 
 
13,043,984
Food Products — 1.9%
Aramark International Finance SARL, 3.13%,
04/01/25(h)
EUR
200
221,434
Aramark Services, Inc., 5.00%, 02/01/28(b)(g)
USD
552
550,225
B&G Foods, Inc., 8.00%, 09/15/28(b)
 
127
132,848
Chobani LLC/Chobani Finance Corp., Inc.(b)
 
4.63%, 11/15/28
 
675
657,357
7.63%, 07/01/29
 
1,660
1,743,201
Darling Global Finance BV, 3.63%, 05/15/26(h)
EUR
100
110,792
Darling Ingredients, Inc., 6.00%, 06/15/30(b)(g)
USD
714
720,793
Fiesta Purchaser, Inc.(b)
 
7.88%, 03/01/31
 
151
160,191
9.63%, 09/15/32
 
175
181,149
General Mills, Inc.(g)
 
5.24%, 11/18/25
 
935
935,278
4.20%, 04/17/28
 
620
620,685
KeHE Distributors LLC/KeHE Finance Corp./NextWave
Distribution, Inc., 9.00%, 02/15/29(b)
 
116
120,630
Kraft Heinz Foods Co.
 
4.25%, 03/01/31
 
68
67,841
5.00%, 07/15/35
 
214
220,654
7.13%, 08/01/39(b)(g)
 
4,415
5,274,013
4.63%, 10/01/39
 
100
95,355
5.00%, 06/04/42
 
12
11,717
4.38%, 06/01/46
 
158
139,836
5.50%, 06/01/50
 
2,825
2,904,808
Lamb Weston Holdings, Inc.(b)
 
4.88%, 05/15/28
 
460
457,021
4.13%, 01/31/30(g)
 
515
483,050
Schedule of Investments
9
Schedule of Investments (unaudited)(continued)
September 30, 2024
BlackRock Credit Allocation Income Trust (BTZ)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
Food Products (continued)
Lamb Weston Holdings, Inc.(b) (continued)
 
4.38%, 01/31/32(g)
USD
643
$ 596,433
Performance Food Group, Inc.(b)
 
4.25%, 08/01/29
 
851
809,255
6.13%, 09/15/32
 
712
727,561
Post Holdings, Inc.(b)
 
4.63%, 04/15/30(g)
 
434
415,277
4.50%, 09/15/31
 
72
67,263
6.25%, 02/15/32
 
388
399,527
6.38%, 03/01/33
 
340
345,548
10/15/34(c)
 
269
270,696
Simmons Foods, Inc./Simmons Prepared Foods,
Inc./Simmons Pet Food, Inc./Simmons Feed, 4.63%,
03/01/29(b)
 
275
260,910
U.S. Foods, Inc.(b)
 
6.88%, 09/15/28
 
132
137,580
4.75%, 02/15/29
 
595
580,087
4.63%, 06/01/30
 
67
64,729
7.25%, 01/15/32
 
338
357,721
United Natural Foods, Inc., 6.75%, 10/15/28(b)
 
123
117,310
 
 
20,958,775
Gas Utilities — 0.0%
AmeriGas Partners LP/AmeriGas Finance Corp., 9.38%,
06/01/28(b)
 
109
114,464
Ground Transportation — 1.9%
BNSF Funding Trust I, (3-mo. LIBOR US + 2.35%),
6.61%, 12/15/55(a)(g)
 
6,125
6,174,116
Brightline East LLC, 11.00%, 01/31/30(b)
 
311
264,365
CSX Corp., 3.80%, 04/15/50(g)
 
770
633,951
Genesee & Wyoming, Inc., 6.25%, 04/15/32(b)
 
625
642,718
Norfolk Southern Corp., 6.00%, 03/15/2105
 
12,700
12,540,977
Watco Cos. LLC/Watco Finance Corp., 7.13%,
08/01/32(b)
 
185
192,820
 
 
20,448,947
Health Care Equipment & Supplies — 1.0%
Avantor Funding, Inc.
 
2.63%, 11/01/25(h)
EUR
300
331,090
4.63%, 07/15/28(b)(g)
USD
2,191
2,141,467
3.88%, 11/01/29(b)
 
395
373,737
Bausch & Lomb Corp., 8.38%, 10/01/28(b)
 
1,975
2,088,562
Medline Borrower LP(b)
 
3.88%, 04/01/29
 
362
342,729
5.25%, 10/01/29(g)
 
2,905
2,850,336
Medline Borrower LP/Medline Co-Issuer, Inc., 6.25%,
04/01/29(b)
 
783
806,749
Medtronic, Inc., 4.63%, 03/15/45(g)
 
647
621,352
Neogen Food Safety Corp., 8.63%, 07/20/30(b)
 
328
363,041
Sotera Health Holdings LLC, 7.38%, 06/01/31(b)
 
279
289,744
Teleflex, Inc., 4.25%, 06/01/28(b)(g)
 
637
616,943
 
 
10,825,750
Health Care Providers & Services — 4.0%
Acadia Healthcare Co., Inc., 5.00%, 04/15/29(b)
 
37
35,235
Aetna, Inc., 3.88%, 08/15/47(g)
 
3,500
2,733,323
AHP Health Partners, Inc., 5.75%, 07/15/29(b)
 
609
595,568
Catalent Pharma Solutions, Inc.(b)
 
5.00%, 07/15/27
 
900
895,543
3.13%, 02/15/29
 
338
332,018
3.50%, 04/01/30
 
289
284,276
Security
 
Par
(000)
Value
Health Care Providers & Services (continued)
Charles River Laboratories International, Inc., 4.00%,
03/15/31(b)
USD
68
$ 62,686
CHS/Community Health Systems, Inc.(b)
 
5.63%, 03/15/27(g)
 
690
679,007
6.00%, 01/15/29(g)
 
1,469
1,426,091
5.25%, 05/15/30(g)
 
993
913,863
4.75%, 02/15/31(g)
 
348
305,908
10.88%, 01/15/32
 
943
1,039,172
Concentra Escrow Issuer Corp., 6.88%, 07/15/32(b)
 
533
560,456
DaVita, Inc., 6.88%, 09/01/32(b)
 
249
257,231
Elevance Health, Inc., 4.55%, 03/01/48(g)
 
5,000
4,509,466
Encompass Health Corp.
 
4.75%, 02/01/30(g)
 
795
777,050
4.63%, 04/01/31
 
409
391,638
Fortrea Holdings, Inc., 7.50%, 07/01/30(b)(g)
 
224
225,471
HAH Group Holding Co. LLC, 9.75%, 10/01/31(b)
 
175
176,457
HCA, Inc.
 
5.38%, 09/01/26
 
359
362,887
5.63%, 09/01/28(g)
 
833
864,852
5.25%, 06/15/49(g)
 
3,500
3,323,270
HealthEquity, Inc., 4.50%, 10/01/29(b)
 
1,134
1,095,940
IQVIA, Inc.(b)
 
5.00%, 10/15/26
 
354
353,026
5.00%, 05/15/27
 
200
198,782
6.50%, 05/15/30
 
314
327,611
LifePoint Health, Inc.(b)(g)
 
9.88%, 08/15/30
 
440
484,442
11.00%, 10/15/30
 
741
836,134
10.00%, 06/01/32
 
390
428,753
Molina Healthcare, Inc.(b)
 
4.38%, 06/15/28(g)
 
659
640,662
3.88%, 11/15/30
 
491
456,099
3.88%, 05/15/32(g)
 
198
181,076
Star Parent, Inc., 9.00%, 10/01/30(b)
 
1,128
1,210,997
Surgery Center Holdings, Inc., 7.25%, 04/15/32(b)(g)
 
956
997,847
Tenet Healthcare Corp.
 
6.13%, 06/15/30
 
243
246,971
6.75%, 05/15/31
 
3,342
3,483,604
U.S. Acute Care Solutions LLC, 9.75%, 05/15/29(b)(g)
 
357
369,766
UnitedHealth Group, Inc., 6.88%, 02/15/38(g)
 
10,000
12,111,208
 
 
44,174,386
Health Care REITs — 0.2%
MPT Operating Partnership LP/MPT Finance Corp.
 
2.50%, 03/24/26
GBP
100
120,710
5.25%, 08/01/26
USD
78
74,268
5.00%, 10/15/27
 
62
55,619
4.63%, 08/01/29(g)
 
278
223,604
3.50%, 03/15/31
 
1,689
1,233,446
 
 
1,707,647
Hotel & Resort REITs — 0.6%
Park Intermediate Holdings LLC/PK Domestic Property
LLC/PK Finance Co-Issuer, 7.00%, 02/01/30(b)
 
315
327,436
Pebblebrook Hotel LP/PEB Finance Corp.,
10/15/29(b)(c)
 
159
160,052
RHP Hotel Properties LP/RHP Finance Corp.
 
4.75%, 10/15/27
 
30
29,634
7.25%, 07/15/28(b)
 
485
507,494
4.50%, 02/15/29(b)(g)
 
1,704
1,648,762
6.50%, 04/01/32(b)(g)
 
1,132
1,169,838
10
Schedule of Investments (unaudited)(continued)
September 30, 2024
BlackRock Credit Allocation Income Trust (BTZ)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
Hotel & Resort REITs (continued)
RLJ Lodging Trust LP, 4.00%, 09/15/29(b)
USD
199
$ 183,185
Service Properties Trust
 
8.63%, 11/15/31(b)
 
1,619
1,760,596
8.88%, 06/15/32(g)
 
625
597,010
 
 
6,384,007
Hotels, Restaurants & Leisure — 3.4%
1011778 BC ULC/New Red Finance, Inc., 5.63%,
09/15/29(b)
 
253
256,656
Acushnet Co., 7.38%, 10/15/28(b)
 
48
50,599
Boyd Gaming Corp., 4.75%, 12/01/27
 
118
116,665
Burger King (Restaurant Brands International, Inc.)/New
Red Finance, Inc.(b)
 
3.88%, 01/15/28
 
1,128
1,083,928
4.38%, 01/15/28
 
2,509
2,437,531
4.00%, 10/15/30
 
176
162,297
Carnival Corp.(b)
 
7.63%, 03/01/26
 
273
275,527
5.75%, 03/01/27
 
1,090
1,103,900
4.00%, 08/01/28
 
325
312,871
6.00%, 05/01/29
 
1,391
1,409,360
7.00%, 08/15/29
 
122
129,625
Carnival Holdings Bermuda Ltd., 10.38%, 05/01/28(b)
 
3,899
4,207,287
Champion Path Holdings Ltd.(h)
 
4.50%, 01/27/26
 
500
487,188
4.85%, 01/27/28
 
500
467,344
Fertitta Entertainment LLC/Fertitta Entertainment
Finance Co., Inc.(b)
 
4.63%, 01/15/29
 
821
783,914
6.75%, 01/15/30(g)
 
228
212,418
Fortune Star BVI Ltd.(h)
 
5.95%, 10/19/25
 
269
262,611
5.00%, 05/18/26
 
344
327,337
3.95%, 10/02/26
EUR
200
204,819
Haidilao International Holding Ltd., 2.15%, 01/14/26(h)
USD
200
192,250
Hilton Domestic Operating Co., Inc.
 
3.75%, 05/01/29(b)
 
259
245,492
4.88%, 01/15/30(g)
 
833
821,951
4.00%, 05/01/31(b)
 
248
231,894
3.63%, 02/15/32(b)
 
78
70,467
6.13%, 04/01/32(b)(g)
 
324
333,613
5.88%, 03/15/33(b)
 
882
898,715
Las Vegas Sands Corp.
 
3.50%, 08/18/26
 
96
93,974
3.90%, 08/08/29
 
88
83,874
Life Time, Inc.(b)
 
5.75%, 01/15/26
 
256
256,243
8.00%, 04/15/26
 
254
256,365
Lindblad Expeditions Holdings, Inc., 9.00%, 05/15/28(b)
 
17
17,788
Lindblad Expeditions LLC, 6.75%, 02/15/27(b)
 
245
246,667
MajorDrive Holdings IV LLC, 6.38%, 06/01/29(b)
 
401
390,044
Marriott International, Inc., Series EE, 5.75%,
05/01/25(g)
 
1,295
1,299,426
McDonald’s Corp., 4.20%, 04/01/50
 
480
414,995
Melco Resorts Finance Ltd.
 
4.88%, 06/06/25(h)
 
400
395,875
4.88%, 06/06/25(b)
 
200
197,938
5.75%, 07/21/28(h)
 
300
289,875
5.38%, 12/04/29(b)
 
586
550,108
7.63%, 04/17/32(b)
 
576
593,064
7.63%, 04/17/32(h)
 
200
205,925
MGM China Holdings Ltd.
 
5.88%, 05/15/26(h)
 
200
199,563
Security
 
Par
(000)
Value
Hotels, Restaurants & Leisure (continued)
MGM China Holdings Ltd. (continued)
 
4.75%, 02/01/27(b)
USD
200
$ 194,625
7.13%, 06/26/31(b)
 
200
206,126
MGM Resorts International, 6.13%, 09/15/29
 
612
619,617
NCL Corp. Ltd.(b)
 
5.88%, 03/15/26
 
124
124,008
8.38%, 02/01/28
 
206
216,330
8.13%, 01/15/29
 
171
182,833
7.75%, 02/15/29(g)
 
294
315,051
6.25%, 03/01/30
 
403
402,552
NCL Finance Ltd., 6.13%, 03/15/28(b)(g)
 
530
540,600
Raising Cane’s Restaurants LLC, 9.38%, 05/01/29(b)
 
195
211,152
Royal Caribbean Cruises Ltd.(b)
 
4.25%, 07/01/26
 
200
197,743
5.38%, 07/15/27
 
378
381,388
5.50%, 04/01/28
 
162
164,054
5.63%, 09/30/31
 
1,572
1,592,632
6.25%, 03/15/32(g)
 
210
217,841
6.00%, 02/01/33
 
1,311
1,344,016
Sabre GLBL, Inc.(b)
 
8.63%, 06/01/27(g)
 
489
480,992
11.25%, 12/15/27
 
73
75,749
Station Casinos LLC(b)
 
4.63%, 12/01/31
 
976
905,057
6.63%, 03/15/32
 
261
266,806
Studio City Co. Ltd., 7.00%, 02/15/27(h)
 
200
201,875
Studio City Finance Ltd.(h)
 
6.50%, 01/15/28
 
300
294,188
5.00%, 01/15/29
 
530
483,625
Sunny Express Enterprises Corp., 2.95%, 03/01/27(h)
 
200
194,938
Viking Cruises Ltd.(b)
 
5.88%, 09/15/27
 
350
349,755
7.00%, 02/15/29
 
74
74,935
9.13%, 07/15/31
 
1,253
1,370,217
Viking Ocean Cruises Ship VII Ltd., 5.63%, 02/15/29(b)
 
283
282,068
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp.,
5.25%, 05/15/27(b)
 
3
3,002
Wynn Macau Ltd.
 
4.88%, 10/01/24(h)
 
200
200,000
5.50%, 01/15/26(h)
 
230
228,347
5.50%, 01/15/26(b)
 
200
198,563
5.63%, 08/26/28(b)
 
1,501
1,457,921
5.13%, 12/15/29(b)
 
614
576,392
 
 
37,132,981
Household Durables — 0.5%
Beazer Homes USA, Inc., 7.50%, 03/15/31(b)
 
129
133,856
Brookfield Residential Properties, Inc./Brookfield
Residential U.S. LLC, 4.88%, 02/15/30(b)
 
699
658,034
CD&R Smokey Buyer, Inc., 6.75%, 07/15/25(b)
 
225
224,926
CD&R Smokey Buyer, Inc./Radio Systems Corp.,
10/15/29(b)(c)
 
501
501,476
Dream Finders Homes, Inc., 8.25%, 08/15/28(b)
 
168
177,533
Empire Communities Corp., 9.75%, 05/01/29(b)
 
111
118,514
K Hovnanian Enterprises, Inc., 11.75%, 09/30/29(b)
 
445
494,960
Lennar Corp., 5.25%, 06/01/26(g)
 
890
897,640
LGI Homes, Inc., 8.75%, 12/15/28(b)
 
183
195,978
Mattamy Group Corp., 4.63%, 03/01/30(b)
 
427
408,811
Meritage Homes Corp., 1.75%, 05/15/28(b)(k)
 
36
40,986
New Home Co., Inc., 9.25%, 10/01/29(b)
 
324
341,382
PulteGroup, Inc.
 
5.00%, 01/15/27
 
55
55,755
7.88%, 06/15/32
 
56
66,953
Schedule of Investments
11
Schedule of Investments (unaudited)(continued)
September 30, 2024
BlackRock Credit Allocation Income Trust (BTZ)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
Household Durables (continued)
Scotts Miracle-Gro Co.
 
4.50%, 10/15/29
USD
45
$ 43,272
4.00%, 04/01/31
 
250
229,039
4.38%, 02/01/32
 
187
173,296
STL Holding Co. LLC, 8.75%, 02/15/29(b)
 
171
181,911
Tempur Sealy International, Inc.(b)
 
4.00%, 04/15/29
 
563
525,050
3.88%, 10/15/31
 
9
8,022
Toll Brothers Finance Corp., 4.35%, 02/15/28
 
35
34,817
 
 
5,512,211
Household Products — 0.0%
Central Garden & Pet Co.
 
5.13%, 02/01/28
 
80
79,266
4.13%, 10/15/30(g)
 
159
147,814
Kronos Acquisition Holdings, Inc., 8.25%, 06/30/31(b)
 
83
83,311
Spectrum Brands, Inc., 3.88%, 03/15/31(b)
 
20
17,510
 
 
327,901
Independent Power and Renewable Electricity Producers — 0.3%
Greenko Dutch BV, 3.85%, 03/29/26(h)
 
722
696,122
India Green Power Holdings, 4.00%, 02/22/27(h)
 
653
622,482
NextEra Energy Partners LP(b)(k)
 
0.00%, 11/15/25(l)
 
1,190
1,111,460
2.50%, 06/15/26
 
284
266,948
ReNew Pvt Ltd., 5.88%, 03/05/27(h)
 
200
196,260
 
 
2,893,272
Insurance — 5.8%
Acrisure LLC/Acrisure Finance, Inc., 7.50%, 11/06/30(b)
 
385
396,202
AIA Group Ltd., (5-year CMT + 1.76%), 2.70%(a)(h)(j)
 
200
193,096
Alliant Holdings Intermediate LLC/Alliant Holdings Co-
Issuer(b)
 
4.25%, 10/15/27
 
26
24,890
6.75%, 10/15/27(g)
 
2,514
2,504,572
6.75%, 04/15/28
 
356
361,765
5.88%, 11/01/29
 
4
3,841
7.00%, 01/15/31
 
1,283
1,318,402
7.38%, 10/01/32
 
1,221
1,237,914
Allstate Corp., Series B, (3-mo. CME Term SOFR +
3.20%), 8.32%, 08/15/53(a)(g)
 
5,000
5,025,000
AmWINS Group, Inc.(b)
 
6.38%, 02/15/29
 
330
338,051
4.88%, 06/30/29
 
380
364,380
Aon Global Ltd., 4.25%, 12/12/42(g)
 
6,500
5,565,628
Aon North America, Inc., 5.75%, 03/01/54(g)
 
3,330
3,527,592
Ardonagh Finco Ltd., 7.75%, 02/15/31(b)
 
987
1,020,285
Ardonagh Group Finance Ltd., 8.88%, 02/15/32(b)
 
882
911,555
AssuredPartners, Inc., 7.50%, 02/15/32(b)
 
544
559,098
Baldwin Insurance Group Holdings LLC/Baldwin
Insurance Group Holdings Finance, 7.13%,
05/15/31(b)
 
112
117,847
Farmers Exchange Capital II, (3-mo. CME Term SOFR +
4.01%), 6.15%, 11/01/53(a)(b)(g)
 
4,890
4,657,259
FWD Group Holdings Ltd., 7.64%, 07/02/31(h)
 
400
434,224
Guoren Property & Casualty Insurance Co. Ltd., 3.35%,
06/01/26(h)
 
200
191,168
Howden UK Refinance PLC/Howden UK Refinance
2 PLC/Howden US Refinance LLC(b)
 
7.25%, 02/15/31
 
2,447
2,539,166
8.13%, 02/15/32
 
1,360
1,398,041
HUB International Ltd.(b)
 
7.25%, 06/15/30
 
4,862
5,065,622
Security
 
Par
(000)
Value
Insurance (continued)
HUB International Ltd.(b) (continued)
 
7.38%, 01/31/32(g)
USD
5,433
$ 5,610,089
Jones Deslauriers Insurance Management, Inc.(b)
 
8.50%, 03/15/30
 
816
873,042
10.50%, 12/15/30
 
647
703,600
Meiji Yasuda Life Insurance Co., (5-year CMT + 3.03%),
5.80%, 09/11/54(a)(h)
 
350
359,532
Northwestern Mutual Life Insurance Co., 6.06%,
03/30/40(b)(g)
 
12,000
13,171,269
Panther Escrow Issuer LLC, 7.13%, 06/01/31(b)
 
3,757
3,940,751
Ryan Specialty LLC(b)
 
4.38%, 02/01/30
 
226
217,796
5.88%, 08/01/32
 
264
268,399
USI, Inc./New York, 7.50%, 01/15/32(b)(g)
 
670
694,086
 
 
63,594,162
Interactive Media & Services — 0.5%
Baidu, Inc., 1.63%, 02/23/27
 
200
188,386
Netflix, Inc.
 
3.63%, 06/15/25(b)
 
210
208,344
5.88%, 11/15/28(g)
 
1,698
1,809,505
5.38%, 11/15/29(b)
 
2,007
2,111,626
4.88%, 06/15/30(b)
 
461
475,630
Tencent Holdings Ltd.(h)
 
3.60%, 01/19/28
 
200
195,937
3.68%, 04/22/41(g)
 
200
167,812
 
 
5,157,240
Internet Software & Services — 0.6%
Acuris Finance U.S., Inc./Acuris Finance SARL(b)
 
5.00%, 05/01/28
 
724
663,095
9.00%, 08/01/29
 
200
201,000
ANGI Group LLC, 3.88%, 08/15/28(b)
 
432
396,158
Booking Holdings, Inc., 3.55%, 03/15/28(g)
 
3,375
3,325,481
Cablevision Lightpath LLC(b)
 
3.88%, 09/15/27
 
368
350,289
5.63%, 09/15/28
 
540
507,156
ION Trading Technologies SARL, 9.50%, 05/30/29(b)
 
200
204,734
Match Group Holdings II LLC(b)
 
4.13%, 08/01/30
 
383
358,779
3.63%, 10/01/31(g)
 
217
194,324
 
 
6,201,016
IT Services — 0.3%
Amentum Escrow Corp., 7.25%, 08/01/32(b)
 
391
408,060
CA Magnum Holdings
 
5.38%, 10/31/26(b)
 
964
950,398
5.38%, 10/31/26(h)
 
700
690,123
Insight Enterprises, Inc., 6.63%, 05/15/32(b)
 
226
235,895
KBR, Inc., 4.75%, 09/30/28(b)
 
93
88,919
McAfee Corp., 7.38%, 02/15/30(b)(g)
 
779
759,804
Wipro IT Services LLC, 1.50%, 06/23/26(h)
 
200
190,520
 
 
3,323,719
Leisure Products — 0.0%
Mattel, Inc., 3.75%, 04/01/29(b)
 
122
116,578
Machinery — 0.9%
BWX Technologies, Inc.(b)
 
4.13%, 06/30/28
 
70
67,518
4.13%, 04/15/29
 
248
238,305
Chart Industries, Inc.(b)
 
7.50%, 01/01/30(g)
 
946
997,014
9.50%, 01/01/31
 
93
101,363
12
Schedule of Investments (unaudited)(continued)
September 30, 2024
BlackRock Credit Allocation Income Trust (BTZ)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
Machinery (continued)
Esab Corp., 6.25%, 04/15/29(b)
USD
405
$ 415,958
GrafTech Global Enterprises, Inc., 9.88%, 12/15/28(b)
 
200
160,197
Husky Injection Molding Systems Ltd./Titan Co-Borrower
LLC, 9.00%, 02/15/29(b)
 
1,107
1,155,167
Manitowoc Co., Inc., 9.25%, 10/01/31(b)
 
177
181,425
Regal Rexnord Corp., 6.40%, 04/15/33(g)
 
510
545,452
Terex Corp.(b)
 
5.00%, 05/15/29
 
688
671,525
10/15/32(c)
 
299
299,000
TK Elevator Holdco GmbH, 7.63%, 07/15/28(b)
 
796
801,078
TK Elevator U.S. Newco, Inc., 5.25%, 07/15/27(b)
 
3,002
2,969,599
Vertiv Group Corp., 4.13%, 11/15/28(b)
 
1,191
1,151,093
 
 
9,754,694
Media — 5.4%
Cable One, Inc.
 
0.00%, 03/15/26(k)(l)
 
136
124,440
4.00%, 11/15/30(b)(g)
 
325
259,066
CCO Holdings LLC/CCO Holdings Capital Corp.(b)
 
5.38%, 06/01/29
 
131
126,244
6.38%, 09/01/29(g)
 
7,991
8,000,469
4.75%, 03/01/30
 
63
57,950
4.50%, 08/15/30
 
113
102,432
4.25%, 02/01/31
 
1,041
917,880
7.38%, 03/01/31(g)
 
2,701
2,765,484
4.25%, 01/15/34(g)
 
1,209
991,694
Charter Communications Operating LLC/Charter
Communications Operating Capital
 
6.38%, 10/23/35
 
479
489,119
6.48%, 10/23/45
 
9,584
9,245,628
5.38%, 05/01/47
 
1,500
1,259,442
6.83%, 10/23/55
 
3,540
3,534,696
Comcast Corp., 3.75%, 04/01/40(g)
 
545
471,795
Cox Communications, Inc., 8.38%, 03/01/39(b)(g)
 
5,000
6,182,799
CSC Holdings LLC(b)
 
5.38%, 02/01/28
 
400
336,947
11.25%, 05/15/28
 
2,000
1,930,634
11.75%, 01/31/29
 
600
579,955
3.38%, 02/15/31
 
200
141,810
4.50%, 11/15/31
 
200
145,598
Directv Financing LLC/Directv Financing Co-Obligor,
Inc., 5.88%, 08/15/27(b)
 
1,309
1,285,219
Discovery Communications LLC, 4.88%, 04/01/43(g)
 
4,000
3,148,911
DISH DBS Corp.(b)
 
5.25%, 12/01/26
 
1,214
1,121,886
5.75%, 12/01/28
 
321
280,464
DISH Network Corp., 11.75%, 11/15/27(b)
 
1,698
1,782,102
GCI LLC, 4.75%, 10/15/28(b)
 
160
153,647
Gray Television, Inc., 10.50%, 07/15/29(b)(g)
 
1,019
1,064,308
LCPR Senior Secured Financing DAC, 6.75%,
10/15/27(b)
 
860
786,924
Midcontinent Communications, 8.00%, 08/15/32(b)
 
522
531,300
Paramount Global, 5.85%, 09/01/43(g)
 
1,300
1,133,751
Radiate Holdco LLC/Radiate Finance, Inc., 4.50%,
09/15/26(b)
 
586
499,932
Sirius XM Radio, Inc.(b)
 
3.13%, 09/01/26
 
62
59,902
5.00%, 08/01/27
 
684
672,903
Sunrise FinCo I BV, 4.88%, 07/15/31(b)
 
768
726,666
Telenet Finance Luxembourg Notes SARL, 5.50%,
03/01/28(b)
 
1,000
977,500
Security
 
Par
(000)
Value
Media (continued)
Time Warner Cable LLC, 6.55%, 05/01/37
USD
3,519
$ 3,483,129
Univision Communications, Inc.(b)
 
6.63%, 06/01/27
 
604
604,739
8.00%, 08/15/28
 
1,110
1,134,936
07/31/31(c)(g)
 
552
553,233
Virgin Media Vendor Financing Notes IV DAC, 5.00%,
07/15/28(b)
 
1,452
1,399,383
Ziggo BV, 4.88%, 01/15/30(b)
 
605
574,882
 
 
59,639,799
Metals & Mining — 2.3%
ABJA Investment Co. Pte. Ltd., 5.45%, 01/24/28(h)
 
306
312,120
Advanced Drainage Systems, Inc.(b)
 
5.00%, 09/30/27
 
90
88,939
6.38%, 06/15/30
 
724
739,547
Arsenal AIC Parent LLC(b)
 
8.00%, 10/01/30
 
268
287,586
11.50%, 10/01/31(g)
 
1,202
1,358,523
ATI, Inc.
 
5.88%, 12/01/27
 
253
252,668
7.25%, 08/15/30
 
657
699,598
5.13%, 10/01/31
 
656
637,249
Big River Steel LLC/BRS Finance Corp., 6.63%,
01/31/29(b)
 
2,424
2,455,774
Carpenter Technology Corp., 7.63%, 03/15/30
 
108
113,084
Chinalco Capital Holdings Ltd., 2.13%, 06/03/26(h)
 
200
192,375
Constellium SE(b)
 
3.75%, 04/15/29(g)
 
1,731
1,616,511
6.38%, 08/15/32
 
446
457,740
First Quantum Minerals Ltd., 9.38%, 03/01/29(b)
 
826
875,560
JSW Steel Ltd., 3.95%, 04/05/27(h)
 
500
480,156
Kaiser Aluminum Corp.(b)(g)
 
4.63%, 03/01/28
 
1,058
1,023,239
4.50%, 06/01/31
 
1,017
930,465
New Gold, Inc., 7.50%, 07/15/27(b)
 
1,547
1,577,569
Novelis Corp.(b)
 
3.25%, 11/15/26
 
599
578,019
4.75%, 01/30/30(g)
 
3,350
3,247,845
3.88%, 08/15/31
 
1,265
1,156,415
Periama Holdings LLC, 5.95%, 04/19/26(h)
 
200
199,562
Roller Bearing Co. of America, Inc., 4.38%, 10/15/29(b)
 
249
238,886
Southern Copper Corp., 5.88%, 04/23/45(g)
 
3,870
4,024,800
Steel Dynamics, Inc., 3.25%, 10/15/50
 
1,145
805,108
Vallourec SACA, 7.50%, 04/15/32(b)
 
449
476,288
Vedanta Resources Finance II PLC, 10.88%,
09/17/29(h)
 
300
304,365
 
 
25,129,991
Mortgage Real Estate Investment Trusts (REITs)(b) — 0.1%
Ladder Capital Finance Holdings LLLP/Ladder Capital
Finance Corp.
 
4.75%, 06/15/29
 
398
388,716
7.00%, 07/15/31
 
319
338,213
Starwood Property Trust, Inc.
 
4.38%, 01/15/27
 
70
68,214
7.25%, 04/01/29
 
250
262,141
04/15/30(c)
 
116
116,047
 
 
1,173,331
Oil, Gas & Consumable Fuels — 12.9%
Aethon United BR LP/Aethon United Finance Corp.(b)
 
8.25%, 02/15/26
 
430
435,081
Schedule of Investments
13
Schedule of Investments (unaudited)(continued)
September 30, 2024
BlackRock Credit Allocation Income Trust (BTZ)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
Oil, Gas & Consumable Fuels (continued)
Aethon United BR LP/Aethon United Finance
Corp.(b) (continued)
 
10/01/29(c)
USD
508
$ 514,731
Antero Midstream Partners LP/Antero Midstream
Finance Corp.(b)
 
5.75%, 01/15/28
 
127
127,196
5.38%, 06/15/29
 
1,095
1,083,488
6.63%, 02/01/32
 
417
431,589
Ascent Resources Utica Holdings LLC/ARU Finance
Corp.(b)
 
9.00%, 11/01/27
 
208
248,653
8.25%, 12/31/28(g)
 
938
960,957
Baytex Energy Corp., 8.50%, 04/30/30(b)(g)
 
109
112,969
Blue Racer Midstream LLC/Blue Racer Finance Corp.(b)
 
7.00%, 07/15/29
 
321
333,707
7.25%, 07/15/32
 
258
270,745
Borr IHC Ltd./Borr Finance LLC(b)
 
10.00%, 11/15/28(g)
 
243
250,367
10.38%, 11/15/30
 
195
205,778
Buckeye Partners LP
 
4.13%, 03/01/25(b)
 
399
395,685
6.88%, 07/01/29(b)
 
139
142,415
5.85%, 11/15/43
 
383
342,431
5.60%, 10/15/44
 
191
163,464
Chesapeake Energy Corp., 5.88%, 02/01/29(b)
 
80
80,410
CITGO Petroleum Corp., 8.38%, 01/15/29(b)
 
733
762,724
Civitas Resources, Inc.(b)
 
8.38%, 07/01/28
 
347
360,696
8.63%, 11/01/30(g)
 
212
224,609
8.75%, 07/01/31
 
768
812,957
CNOOC Finance 2014 ULC, Series 2014, 4.88%,
04/30/44
 
250
253,160
CNOOC Finance 2015 USA LLC, Series 2015, 3.50%,
05/05/25
 
250
248,330
Comstock Resources, Inc.(b)
 
6.75%, 03/01/29(g)
 
452
441,288
6.75%, 03/01/29
 
197
191,727
5.88%, 01/15/30
 
1,078
1,008,024
CQP Holdco LP/BIP-V Chinook Holdco LLC, 5.50%,
06/15/31(b)
 
2,468
2,420,678
Crescent Energy Finance LLC(b)
 
7.63%, 04/01/32(g)
 
366
366,116
7.38%, 01/15/33
 
854
840,526
Devon Energy Corp.
 
5.25%, 10/15/27
 
130
130,602
5.88%, 06/15/28
 
204
206,227
4.50%, 01/15/30
 
117
115,964
Diamond Foreign Asset Co./Diamond Finance LLC,
8.50%, 10/01/30(b)
 
318
332,265
Diamondback Energy, Inc.(g)
 
3.50%, 12/01/29
 
692
658,166
6.25%, 03/15/33
 
2,880
3,105,986
DT Midstream, Inc.(b)
 
4.13%, 06/15/29
 
591
565,316
4.38%, 06/15/31
 
568
537,671
eG Global Finance PLC, 12.00%, 11/30/28(b)
 
418
466,514
Enbridge, Inc.
 
6.70%, 11/15/53(g)
 
5,595
6,478,555
(3-mo. CME Term SOFR + 3.90%), 6.25%,
03/01/78(a)
 
5,000
4,995,320
Series 16-A, (3-mo. CME Term SOFR + 4.15%),
6.00%, 01/15/77(a)
 
5,880
5,884,986
Security
 
Par
(000)
Value
Oil, Gas & Consumable Fuels (continued)
Encino Acquisition Partners Holdings LLC, 8.75%,
05/01/31(b)
USD
323
$ 339,710
Energy Transfer LP
 
5.50%, 06/01/27
 
406
416,382
7.38%, 02/01/31(b)
 
417
443,625
6.13%, 12/15/45(g)
 
3,579
3,735,148
Series B, (3-mo. LIBOR US + 4.16%), 6.63%(a)(j)
 
5,000
4,928,334
Series H, (5-year CMT + 5.69%), 6.50%(a)(j)
 
121
120,711
EnLink Midstream Partners LP, 4.85%, 07/15/26
 
35
35,032
Enterprise Products Operating LLC(g)
 
4.90%, 05/15/46
 
5,375
5,138,664
Series E, (3-mo. CME Term SOFR + 3.29%), 5.25%,
08/16/77(a)
 
4,800
4,734,702
EQM Midstream Partners LP(b)
 
6.38%, 04/01/29
 
481
496,641
7.50%, 06/01/30
 
141
154,851
4.75%, 01/15/31(g)
 
802
776,583
Exxon Mobil Corp., 3.45%, 04/15/51(g)
 
3,890
3,014,308
Genesis Energy LP/Genesis Energy Finance Corp.
 
7.75%, 02/01/28
 
393
397,928
8.25%, 01/15/29
 
463
479,418
8.88%, 04/15/30
 
270
283,831
7.88%, 05/15/32
 
550
559,980
Gulfport Energy Corp., 6.75%, 09/01/29(b)
 
243
245,842
Harbour Energy PLC, 5.50%, 10/15/26(b)
 
200
199,135
Harvest Midstream I LP, 7.50%, 05/15/32(b)
 
308
323,967
Hess Midstream Operations LP, 6.50%, 06/01/29(b)
 
368
380,897
Hilcorp Energy I LP/Hilcorp Finance Co.(b)
 
6.25%, 11/01/28
 
238
237,523
5.75%, 02/01/29
 
272
264,613
6.00%, 04/15/30
 
32
31,191
8.38%, 11/01/33
 
647
697,530
6.88%, 05/15/34
 
484
482,202
Howard Midstream Energy Partners LLC(b)
 
8.88%, 07/15/28
 
390
413,635
7.38%, 07/15/32
 
219
226,819
ITT Holdings LLC, 6.50%, 08/01/29(b)(g)
 
711
673,568
Kinder Morgan, Inc.
 
7.80%, 08/01/31
 
197
229,266
7.75%, 01/15/32(g)
 
4,586
5,356,299
Kinetik Holdings LP(b)
 
6.63%, 12/15/28
 
83
86,142
5.88%, 06/15/30
 
18
18,123
Marathon Petroleum Corp., 5.13%, 12/15/26(g)
 
937
951,709
Matador Resources Co.(b)
 
6.88%, 04/15/28
 
274
278,683
6.50%, 04/15/32
 
437
436,376
Medco Bell Pte. Ltd., 6.38%, 01/30/27(h)
 
300
299,223
Medco Laurel Tree Pte Ltd., 6.95%, 11/12/28(h)
 
400
399,448
Moss Creek Resources Holdings, Inc., 8.25%,
09/01/31(b)
 
248
244,884
MPLX LP
 
5.20%, 03/01/47(g)
 
3,500
3,318,180
4.70%, 04/15/48(g)
 
5,000
4,360,557
5.50%, 02/15/49(g)
 
2,640
2,570,423
5.65%, 03/01/53
 
885
880,011
Murphy Oil Corp., 5.88%, 12/01/42
 
47
42,754
Nabors Industries Ltd., 7.50%, 01/15/28(b)(g)
 
788
738,315
Nabors Industries, Inc.(b)
 
7.38%, 05/15/27
 
126
126,281
9.13%, 01/31/30(g)
 
175
180,477
8.88%, 08/15/31
 
83
78,956
14
Schedule of Investments (unaudited)(continued)
September 30, 2024
BlackRock Credit Allocation Income Trust (BTZ)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
Oil, Gas & Consumable Fuels (continued)
NGL Energy Operating LLC/NGL Energy Finance
Corp.(b)
 
8.13%, 02/15/29(g)
USD
726
$ 744,402
8.38%, 02/15/32
 
1,470
1,514,916
NGPL PipeCo LLC, 7.77%, 12/15/37(b)
 
1,117
1,322,438
Noble Finance II LLC, 8.00%, 04/15/30(b)
 
869
896,629
Northern Oil & Gas, Inc.
 
8.13%, 03/01/28(b)
 
1,220
1,228,850
3.63%, 04/15/29(k)
 
212
241,998
8.75%, 06/15/31(b)
 
470
489,747
Northriver Midstream Finance LP, 6.75%, 07/15/32(b)
 
244
251,837
NuStar Logistics LP, 6.00%, 06/01/26
 
163
163,969
Occidental Petroleum Corp., 6.20%, 03/15/40
 
568
589,668
Parkland Corp., 6.63%, 08/15/32(b)
 
348
353,283
PBF Holding Co. LLC/PBF Finance Corp., 7.88%,
09/15/30(b)
 
269
277,099
Permian Resources Operating LLC(b)
 
8.00%, 04/15/27
 
444
457,147
5.88%, 07/01/29
 
1,002
1,001,060
9.88%, 07/15/31
 
459
512,239
7.00%, 01/15/32(g)
 
472
491,037
6.25%, 02/01/33
 
685
696,052
Pertamina Persero PT(h)
 
1.40%, 02/09/26
 
250
238,750
2.30%, 02/09/31
 
200
174,125
Petroleos Mexicanos, 6.70%, 02/16/32
 
695
621,434
Petronas Capital Ltd.(h)
 
2.48%, 01/28/32
 
200
174,136
4.50%, 03/18/45
 
200
184,992
Plains All American Pipeline LP, Series B, (3-mo. CME
Term SOFR + 4.37%), 9.49%(a)(j)
 
2,215
2,205,457
Prairie Acquiror LP, 9.00%, 08/01/29(b)
 
269
277,738
Precision Drilling Corp., 6.88%, 01/15/29(b)
 
18
17,963
Reliance Industries Ltd., 3.67%, 11/30/27(h)
 
300
293,438
Rockies Express Pipeline LLC, 6.88%, 04/15/40(b)
 
580
565,074
Sabine Pass Liquefaction LLC, 5.88%, 06/30/26(g)
 
1,481
1,505,193
Sinopec Group Overseas Development 2018 Ltd.,
2.30%, 01/08/31(h)
 
500
450,480
Sitio Royalties Operating Partnership LP/Sitio Finance
Corp., 7.88%, 11/01/28(b)
 
574
600,464
SM Energy Co.
 
6.75%, 09/15/26
 
393
392,801
7.00%, 08/01/32(b)
 
160
160,618
Southwestern Energy Co.
 
5.70%, 01/23/25
 
29
28,976
5.38%, 02/01/29
 
308
306,962
4.75%, 02/01/32
 
8
7,653
Summit Midstream Holdings LLC, 8.63%, 10/31/29(b)
 
198
207,102
Sunoco LP/Sunoco Finance Corp., 5.88%, 03/15/28
 
317
318,584
Tallgrass Energy Partners LP/Tallgrass Energy Finance
Corp.(b)
 
5.50%, 01/15/28
 
255
246,885
7.38%, 02/15/29
 
672
679,577
6.00%, 12/31/30
 
70
66,501
6.00%, 09/01/31
 
239
226,351
Talos Production, Inc.(b)
 
9.00%, 02/01/29
 
218
224,466
9.38%, 02/01/31
 
218
224,128
TGNR Intermediate Holdings LLC, 5.50%, 10/15/29(b)
 
376
357,244
TransCanada PipeLines Ltd., 4.88%, 05/15/48(g)
 
4,000
3,743,625
Transcanada Trust, (3-mo. LIBOR US + 3.53%), 5.63%,
05/20/75(a)(g)
 
2,755
2,727,888
Security
 
Par
(000)
Value
Oil, Gas & Consumable Fuels (continued)
Transocean Aquila Ltd., 8.00%, 09/30/28(b)
USD
167
$ 170,835
Transocean Titan Financing Ltd., 8.38%, 02/01/28(b)
 
232
238,963
Transocean, Inc.(b)
 
8.00%, 02/01/27
 
445
444,731
8.25%, 05/15/29
 
941
932,839
8.75%, 02/15/30(g)
 
1,196
1,246,936
8.50%, 05/15/31
 
949
942,973
Valaris Ltd., 8.38%, 04/30/30(b)
 
1,179
1,214,375
Venture Global Calcasieu Pass LLC(b)
 
3.88%, 08/15/29
 
1,174
1,109,467
3.88%, 11/01/33
 
455
408,073
Venture Global LNG, Inc.(b)
 
9.50%, 02/01/29(g)
 
3,215
3,621,713
8.38%, 06/01/31(g)
 
2,064
2,179,431
9.88%, 02/01/32
 
1,926
2,140,155
Vermilion Energy, Inc., 6.88%, 05/01/30(b)
 
270
269,888
Vital Energy, Inc.
 
9.75%, 10/15/30(g)
 
480
512,894
7.88%, 04/15/32(b)
 
859
832,122
Wildfire Intermediate Holdings LLC, 7.50%, 10/15/29(b)
 
277
272,583
Williams Cos., Inc.(g)
 
8.75%, 03/15/32
 
2,478
3,032,344
5.10%, 09/15/45
 
5,075
4,831,668
Woodside Finance Ltd., 3.70%, 09/15/26(h)
 
200
196,618
 
 
141,396,534
Paper & Forest Products(g) — 1.6%
International Paper Co.
 
8.70%, 06/15/38
 
4,000
5,098,449
7.30%, 11/15/39
 
10,000
12,132,197
 
 
17,230,646
Passenger Airlines — 0.8%
Air Canada, 3.88%, 08/15/26(b)
 
549
534,609
American Airlines, Inc., 8.50%, 05/15/29(b)(g)
 
606
642,975
Mileage Plus Holdings LLC/Mileage Plus Intellectual
Property Assets Ltd., 6.50%, 06/20/27(b)
 
687
695,531
Singapore Airlines Ltd., 3.00%, 07/20/26(h)
 
200
195,375
Turkish Airlines Pass-Through Trust, Series 2015-1,
Class A, 4.20%, 09/15/28(b)
 
1,038
978,952
United Airlines Pass-Through Trust, Series 2020-1,
Class A, 5.88%, 04/15/29(g)
 
3,414
3,484,224
United Airlines, Inc.(b)
 
4.38%, 04/15/26
 
932
917,040
4.63%, 04/15/29(g)
 
1,362
1,315,772
 
 
8,764,478
Personal Care Products — 0.1%
Coty, Inc./HFC Prestige Products, Inc./HFC Prestige
International U.S. LLC, 6.63%, 07/15/30(b)
 
146
151,699
Perrigo Finance Unlimited Co., 6.13%, 09/30/32
 
425
428,281
Prestige Brands, Inc., 3.75%, 04/01/31(b)
 
233
213,396
 
 
793,376
Pharmaceuticals — 4.0%
1375209 BC Ltd., 9.00%, 01/30/28(b)
 
550
545,113
AbbVie, Inc.(g)
 
4.75%, 03/15/45
 
5,485
5,335,663
4.70%, 05/14/45
 
3,255
3,149,791
Bausch Health Cos., Inc.(b)
 
6.13%, 02/01/27
 
433
391,073
5.75%, 08/15/27
 
58
49,279
11.00%, 09/30/28
 
1,190
1,109,675
Bayer U.S. Finance LLC, 6.88%, 11/21/53(b)
 
715
801,272
Schedule of Investments
15
Schedule of Investments (unaudited)(continued)
September 30, 2024
BlackRock Credit Allocation Income Trust (BTZ)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
Pharmaceuticals (continued)
CVS Health Corp.(g)
 
5.13%, 07/20/45
USD
3,879
$ 3,614,042
5.05%, 03/25/48
 
8,205
7,488,946
Endo Finance Holdings, Inc., 8.50%, 04/15/31(b)(g)
 
445
476,832
Jazz Securities DAC, 4.38%, 01/15/29(b)
 
853
824,949
Merck & Co., Inc., 6.50%, 12/01/33(g)
 
6,420
7,407,262
Option Care Health, Inc., 4.38%, 10/31/29(b)(g)
 
461
438,002
Organon & Co./Organon Foreign Debt Co-Issuer BV(b)
 
4.13%, 04/30/28
 
1,233
1,185,637
7.88%, 05/15/34
 
323
342,202
PRA Health Sciences, Inc., 2.88%, 07/15/26(b)
 
707
685,302
Takeda Pharmaceutical Co. Ltd., 2.05%, 03/31/30(g)
 
8,270
7,357,885
Teva Pharmaceutical Finance Netherlands III BV
 
3.15%, 10/01/26
 
1,174
1,125,937
4.75%, 05/09/27
 
200
196,875
7.88%, 09/15/29
 
451
497,791
8.13%, 09/15/31
 
200
229,438
 
 
43,252,966
Real Estate Management & Development — 0.7%
Anywhere Real Estate Group LLC/Anywhere Co-Issuer
Corp.
 
7.00%, 04/15/30(b)
 
408
379,384
Series AI, 7.00%, 04/15/30
 
320
297,265
AYC Finance Ltd., 3.90%(h)(j)
 
300
199,219
China Overseas Finance Cayman VII Ltd., 4.75%,
04/26/28(h)
 
200
198,202
CoreLogic, Inc., 4.50%, 05/01/28(b)
 
1,488
1,404,371
Cushman & Wakefield U.S. Borrower LLC, 8.88%,
09/01/31(b)
 
216
235,825
Fantasia Holdings Group Co. Ltd., 7.95%,
07/05/22(e)(h)(m)
 
1,050
15,750
Howard Hughes Corp., 4.13%, 02/01/29(b)
 
176
164,148
New Metro Global Ltd., 4.50%, 05/02/26(h)
 
349
253,025
Northwest Florida Timber Finance LLC, 4.75%,
03/04/29(b)
 
4,485
4,412,190
Sinochem Offshore Capital Co. Ltd., 1.50%, 09/23/26(h)
 
200
188,438
Sunac China Holdings Ltd.(h)(i)
 
(1.00 % PIK), 1.00%, 09/30/32
 
22
1,541
(5.00% Cash or 6.00% PIK), 6.00%, 09/30/26
 
19
2,304
(5.25% Cash or 6.25% PIK), 6.25%, 09/30/27(e)(m)
 
18
1,988
(5.50% Cash or 6.50% PIK), 6.50%, 09/30/27
 
38
3,590
(5.75% Cash or 6.75% PIK), 6.75%, 09/30/28
 
57
4,972
(6.00% Cash or 7.00% PIK), 7.00%, 09/30/29
 
57
4,415
(6.25% Cash or 7.25% PIK), 7.25%, 09/30/30
 
27
1,878
Wharf REIC Finance BVI Ltd., 2.88%, 05/07/30(h)
 
200
183,625
Yango Justice International Ltd.(e)(h)(m)
 
8.25%, 11/25/23
 
200
500
7.50%, 04/15/24
 
200
500
 
 
7,953,130
Retail REITs — 0.0%
Brookfield Property REIT, Inc./BPR Cumulus LLC/BPR
Nimbus LLC/GGSI Sellco LLC, 4.50%, 04/01/27(b)
 
286
278,338
Semiconductors & Semiconductor Equipment — 2.2%
Broadcom, Inc., 5.00%, 04/15/30(g)
 
10,970
11,344,690
Entegris, Inc., 4.75%, 04/15/29(b)
 
258
254,246
Lam Research Corp., 4.88%, 03/15/49(g)
 
875
855,878
NVIDIA Corp.(g)
 
3.50%, 04/01/50
 
2,785
2,285,860
3.70%, 04/01/60
 
1,760
1,448,263
Security
 
Par
(000)
Value
Semiconductors & Semiconductor Equipment (continued)
NXP BV/NXP Funding LLC/NXP USA, Inc.
 
4.40%, 06/01/27
USD
750
$ 752,145
3.40%, 05/01/30
 
1,755
1,656,536
QUALCOMM, Inc.
 
4.30%, 05/20/47(g)
 
3,500
3,184,523
6.00%, 05/20/53
 
1,993
2,258,624
Synaptics, Inc., 4.00%, 06/15/29(b)
 
10
9,473
TSMC Global Ltd., 2.25%, 04/23/31(h)
 
250
219,795
 
 
24,270,033
Software — 3.0%
AthenaHealth Group, Inc., 6.50%, 02/15/30(b)
 
3,534
3,394,709
Camelot Finance SA, 4.50%, 11/01/26(b)
 
1,176
1,158,892
Capstone Borrower, Inc., 8.00%, 06/15/30(b)
 
717
759,703
Central Parent LLC/CDK Global II LLC/CDK Financing
Co., Inc., 8.00%, 06/15/29(b)(g)
 
736
765,503
Central Parent, Inc./CDK Global, Inc., 7.25%,
06/15/29(b)
 
765
782,296
Clarivate Science Holdings Corp.(b)(g)
 
3.88%, 07/01/28
 
1,831
1,757,162
4.88%, 07/01/29
 
1,122
1,079,184
Cloud Software Group, Inc.(b)
 
6.50%, 03/31/29(g)
 
3,696
3,677,396
9.00%, 09/30/29(g)
 
3,385
3,444,611
8.25%, 06/30/32
 
2,744
2,868,300
Dun & Bradstreet Corp., 5.00%, 12/15/29(b)(g)
 
592
589,490
Elastic NV, 4.13%, 07/15/29(b)
 
718
670,800
Fair Isaac Corp., 4.00%, 06/15/28(b)
 
393
380,260
Helios Software Holdings, Inc./ION Corporate Solutions
Finance SARL(b)
 
4.63%, 05/01/28
 
205
188,914
8.75%, 05/01/29
 
219
223,857
Oracle Corp.(g)
 
3.95%, 03/25/51
 
4,425
3,561,253
5.55%, 02/06/53
 
1,280
1,309,889
PTC, Inc.(b)
 
3.63%, 02/15/25
 
166
165,424
4.00%, 02/15/28
 
365
354,083
SS&C Technologies, Inc.(b)
 
5.50%, 09/30/27
 
3,632
3,630,427
6.50%, 06/01/32
 
1,008
1,042,075
Twilio, Inc.
 
3.63%, 03/15/29
 
259
240,983
3.88%, 03/15/31
 
558
515,497
Veritas U.S., Inc./Veritas Bermuda Ltd., 7.50%,
09/01/25(b)
 
447
419,348
ZoomInfo Technologies LLC/ZoomInfo Finance Corp.,
3.88%, 02/01/29(b)
 
345
318,909
 
 
33,298,965
Specialty Retail(b) — 0.2%
NMG Holding Co., Inc./Neiman Marcus Group LLC,
8.50%, 10/01/28
 
222
225,954
PetSmart, Inc./PetSmart Finance Corp., 7.75%,
02/15/29
 
1,067
1,053,306
Staples, Inc., 10.75%, 09/01/29
 
303
294,001
Suburban Propane Partners LP/Suburban Energy
Finance Corp., 5.00%, 06/01/31
 
237
220,965
 
 
1,794,226
Technology Hardware, Storage & Peripherals — 0.5%
Dell International LLC/EMC Corp.(g)
 
5.85%, 07/15/25
 
2,395
2,413,267
16
Schedule of Investments (unaudited)(continued)
September 30, 2024
BlackRock Credit Allocation Income Trust (BTZ)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
Technology Hardware, Storage & Peripherals (continued)
Dell International LLC/EMC Corp.(g) (continued)
 
8.35%, 07/15/46
USD
1,005
$ 1,359,034
NCR Atleos Corp., 9.50%, 04/01/29(b)
 
355
390,808
Seagate HDD Cayman
 
8.25%, 12/15/29(g)
 
589
639,393
8.50%, 07/15/31
 
701
764,995
 
 
5,567,497
Textiles, Apparel & Luxury Goods(b) — 0.1%
Crocs, Inc., 4.13%, 08/15/31
 
244
221,620
Hanesbrands, Inc.
 
4.88%, 05/15/26(g)
 
196
194,282
9.00%, 02/15/31
 
21
22,667
Levi Strauss & Co., 3.50%, 03/01/31
 
462
418,734
S&S Holdings LLC, 10/01/31(c)
 
107
107,734
 
 
965,037
Tobacco(g) — 2.1%
Altria Group, Inc., 10.20%, 02/06/39
 
13,392
19,248,320
BAT Capital Corp., 4.54%, 08/15/47
 
1,999
1,688,485
Reynolds American, Inc., 5.85%, 08/15/45
 
2,335
2,336,085
 
 
23,272,890
Trading Companies & Distributors(b) — 0.2%
American Builders & Contractors Supply Co., Inc.,
3.88%, 11/15/29
 
24
22,437
BCPE Empire Holdings, Inc., 7.63%, 05/01/27
 
685
687,211
Gates Corp., 6.88%, 07/01/29
 
419
434,023
H&E Equipment Services, Inc., 3.88%, 12/15/28(g)
 
132
123,927
Resideo Funding, Inc.
 
4.00%, 09/01/29
 
97
91,369
6.50%, 07/15/32(g)
 
578
593,324
 
 
1,952,291
Transportation Infrastructure — 0.6%
FedEx Corp., 5.25%, 05/15/50(g)
 
6,000
5,918,582
GN Bondco LLC, 9.50%, 10/15/31(b)(g)
 
218
229,465
SF Holding Investment 2021 Ltd., 2.38%, 11/17/26(h)
 
200
191,875
 
 
6,339,922
Total Corporate Bonds — 111.8%
(Cost: $1,200,406,767)
1,223,572,167
Fixed Rate Loan Interests
Advertising Agencies — 0.0%
Clear Channel International BV, 2024 CCIBV Fixed Term
Loan, 7.50%, 04/01/27
 
130
129,025
Software — 0.0%
Cotiviti, Inc., 2024 Fixed Term Loan B, 7.63%, 05/01/31
 
145
145,544
Total Fixed Rate Loan Interests — 0.0%
(Cost: $273,884)
274,569
Floating Rate Loan Interests(a)
Advertising Agencies — 0.0%
Clear Channel Outdoor Holdings, Inc., 2024 Term Loan,
(1-mo. CME Term SOFR at 0.00% Floor + 4.11%),
8.96%, 08/23/28
 
84
83,144
Aerospace & Defense — 0.2%
Amazon Holdco, Inc., 2024 Term Loan B, 09/29/31(n)
 
173
172,351
Security
 
Par
(000)
Value
Aerospace & Defense (continued)
Barnes Group, Inc., 2024 Term Loan, (1-mo. CME Term
SOFR at 0.00% Floor + 2.50%), 7.35%, 09/03/30
USD
175
$ 175,193
Bleriot U.S. Bidco, Inc., 2023 Term Loan B, (3-mo. CME
Term SOFR at 0.00% Floor + 3.25%), 7.85%,
10/31/30
 
124
124,093
Cobham Ultra SeniorCo SARL, USD Term Loan B, (6-
mo. CME Term SOFR at 0.50% Floor + 3.75%),
9.24%, 08/03/29
 
160
152,888
Dynasty Acquisition Co., Inc., 2024 Term Loan B1, (1-
mo. CME Term SOFR at 0.00% Floor + 3.50%),
8.35%, 08/24/28
 
482
481,754
Ovation Parent, Inc., 2024 Term Loan, (3-mo. CME Term
SOFR at 0.75% Floor + 3.50%), 8.10%, 04/21/31
 
162
162,473
Propulsion BC Newco LLC, Term Loan, (3-mo. CME
Term SOFR at 0.50% Floor + 3.75%), 8.35%,
09/14/29
 
29
28,908
Standard Aero Ltd., 2024 Term Loan B2, (1-mo. CME
Term SOFR at 0.00% Floor + 3.50%), 8.35%,
08/24/28
 
186
185,955
TransDigm, Inc.
 
2023 Term Loan J, (3-mo. CME Term SOFR at 1.00%
Floor + 2.50%), 7.10%, 02/28/31
 
550
547,664
2024 Term Loan, (Prime + 1.50%), 7.32%, 01/19/32
 
255
253,937
2024 Term Loan K, (3-mo. CME Term SOFR at
0.00% Floor + 2.75%), 7.35%, 03/22/30
 
41
40,774
 
 
2,325,990
Air Freight & Logistics — 0.0%
Rand Parent LLC, 2023 Term Loan B, (3-mo. CME Term
SOFR at 0.00% Floor + 3.75%), 8.35%, 03/17/30
 
43
43,116
Automobile Components — 0.1%
Clarios Global LP, 2024 USD Term Loan B, (1-mo. CME
Term SOFR + 2.50%), 7.35%, 05/06/30
 
416
415,822
Tenneco, Inc., 2022 Term Loan B, (3-mo. CME Term
SOFR + 5.10%), 10.23%, 11/17/28
 
166
157,433
 
 
573,255
Automobiles — 0.0%
RVR Dealership Holdings LLC, Term Loan B, (3-mo.
CME Term SOFR at 0.75% Floor + 3.90%), 8.50%,
02/08/28
 
22
19,148
Beverages — 0.1%
Naked Juice LLC
 
2nd Lien Term Loan, (3-mo. CME Term SOFR at
0.50% Floor + 6.10%), 10.70%, 01/24/30
 
225
136,742
Term Loan, (3-mo. CME Term SOFR at 0.50% Floor +
3.35%), 7.95%, 01/24/29
 
368
300,002
Triton Water Holdings, Inc., Term Loan, (3-mo. CME
Term SOFR at 0.50% Floor + 3.51%), 8.12%,
03/31/28
 
121
120,790
 
 
557,534
Broadline Retail — 0.0%
CNT Holdings I Corp., 2020 Term Loan, (3-mo. CME
Term SOFR + 3.50%), 8.75%, 11/08/27
 
256
256,427
Building Materials — 0.2%
ACProducts Holdings, Inc., 2021 Term Loan B, (3-mo.
CME Term SOFR + 4.51%), 9.12%, 05/17/28
 
123
103,000
AZEK Group LLC, 2024 Term Loan B, 09/19/31(d)(n)
 
118
118,000
Schedule of Investments
17
Schedule of Investments (unaudited)(continued)
September 30, 2024
BlackRock Credit Allocation Income Trust (BTZ)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
Building Materials (continued)
Chariot Buyer LLC
 
2024 Incremental Term Loan B, (1-mo. CME Term
SOFR + 3.50%), 8.35%, 11/03/28
USD
81
$ 81,357
Term Loan B, (1-mo. CME Term SOFR + 3.35%),
8.20%, 11/03/28
 
367
364,619
CP Atlas Buyer, Inc., 2021 Term Loan B, (1-mo. CME
Term SOFR at 0.50% Floor + 3.85%), 8.70%,
11/23/27
 
130
127,949
CP Iris Holdco I, Inc., 2021 Term Loan, (1-mo. CME
Term SOFR + 3.50%), 8.35%, 10/02/28
 
62
61,163
EMRLD Borrower LP
 
2024 Term Loan B, (3-mo. CME Term SOFR at
0.00% Floor + 2.50%), 7.56%, 08/04/31
 
188
187,496
Term Loan B, (3-mo. CME Term SOFR at 0.00%
Floor + 2.50%), 7.56%, 05/31/30
 
294
293,311
New AMI I LLC, 2022 Term Loan B, (1-mo. CME Term
SOFR at 0.50% Floor + 6.00%), 10.85%, 03/08/29
 
96
92,297
Oscar AcquisitionCo LLC, Term Loan B, (3-mo. CME
Term SOFR at 0.50% Floor + 4.25%), 8.50%,
04/29/29
 
149
146,666
Potters Borrower LP, 2024 Term Loan, (1-mo. CME Term
SOFR at 0.75% Floor + 3.75%), 8.60%, 12/14/27
 
63
62,946
Quikrete Holdings, Inc., 2024 Term Loan B1, (1-mo.
CME Term SOFR + 2.25%), 7.10%, 03/19/29
 
74
74,041
Smyrna Ready Mix Concrete LLC, 2023 Term Loan,
(1-mo. CME Term SOFR at 0.00% Floor + 3.50%),
8.35%, 04/02/29(d)
 
66
66,338
Standard Industries, Inc., 2021 Term Loan B, (1-mo.
CME Term SOFR + 2.00%), 6.92%, 09/22/28
 
48
48,431
Summit Materials LLC, 2023 Incremental Term Loan B,
(3-mo. CME Term SOFR at 0.00% Floor + 1.75%),
7.05%, 01/12/29
 
90
90,074
Wilsonart LLC, 2024 Term Loan B, (3-mo. CME Term
SOFR at 0.00% Floor + 4.25%), 8.85%, 08/05/31
 
374
369,636
Zurn LLC, 2021 Term Loan B, (1-mo. CME Term SOFR
+ 2.11%), 6.96%, 10/04/28
 
96
96,944
 
 
2,384,268
Building Products — 0.1%
Beacon Roofing Supply, Inc., 2024 Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 2.00%), 6.85%,
05/19/28
 
223
222,471
Foundation Building Materials, Inc., 2024 Term Loan B2,
(3-mo. CME Term SOFR at 0.00% Floor + 4.00%),
9.25%, 01/29/31
 
326
317,193
Gulfside Supply, Inc., Term Loan B, (3-mo. CME Term
SOFR at 0.00% Floor + 3.00%), 8.29%, 06/17/31
 
71
70,911
White Cap Buyer LLC, 2024 Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 3.25%), 8.10%,
10/19/29
 
422
418,584
 
 
1,029,159
Capital Markets — 0.2%
Aretec Group, Inc., 2024 Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 4.00%), 8.85%,
08/09/30
 
82
80,441
Ascensus Holdings, Inc., Term Loan, (1-mo. CME Term
SOFR at 0.50% Floor + 3.61%), 8.46%, 08/02/28
 
433
432,259
Deerfield Dakota Holding LLC
 
2020 USD Term Loan B, (3-mo. CME Term SOFR at
1.00% Floor + 3.75%), 8.35%, 04/09/27
 
585
571,914
Security
 
Par
(000)
Value
Capital Markets (continued)
Deerfield Dakota Holding LLC (continued)
 
2021 USD 2nd Lien Term Loan, (3-mo. CME Term
SOFR + 7.01%), 11.62%, 04/07/28
USD
190
$ 185,250
Grant Thornton LLP/Chicago, Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 3.25%), 8.10%,
06/02/31
 
44
44,049
Jane Street Group LLC, 2024 Term Loan B, 01/26/28(n)
 
37
36,958
Wec U.S. Holdings Ltd., 2024 Term Loan, (1-mo. CME
Term SOFR at 0.00% Floor + 2.75%), 7.60%,
01/27/31
 
198
197,883
 
 
1,548,754
Chemicals — 0.3%
Arc Falcon I, Inc., 2021 Term Loan, (1-mo. CME Term
SOFR + 3.60%), 8.45%, 09/30/28
 
83
82,492
Aruba Investments Holdings LLC, 2020 USD Term Loan,
(1-mo. CME Term SOFR + 4.10%), 8.95%, 11/24/27
 
73
72,613
Ascend Performance Materials Operations LLC,
2021 Term Loan B, (3-mo. CME Term SOFR +
4.85%), 9.10%, 08/27/26
 
54
50,212
Axalta Coating Systems U.S. Holdings, Inc., 2024 Term
Loan B6, (3-mo. CME Term SOFR at 0.50% Floor +
2.00%), 6.60%, 12/20/29
 
178
178,395
Chemours Co., 2023 USD Term Loan B, (1-mo. CME
Term SOFR + 3.50%), 8.35%, 08/18/28
 
147
146,382
Derby Buyer LLC, 2024 Term Loan B, (1-mo. CME Term
SOFR at 0.50% Floor + 3.50%), 8.70%, 11/01/30
 
316
316,489
Discovery Purchaser Corp., Term Loan, 10/04/29(n)
 
36
35,765
Ecovyst Catalyst Technologies LLC, 2024 Term Loan B,
(3-mo. CME Term SOFR at 0.00% Floor + 2.25%),
7.50%, 06/12/31
 
183
181,959
Element Solutions, Inc., 2023 Term Loan B, (1-mo. CME
Term SOFR + 2.00%), 6.85%, 12/18/30
 
245
245,142
HB Fuller Co., 2024 Term Loan B, (1-mo. CME Term
SOFR + 2.00%), 6.85%, 02/15/30
 
121
121,090
Herens U.S. Holdco Corp., USD Term Loan B, (3-mo.
CME Term SOFR at 0.75% Floor + 4.03%), 8.53%,
07/03/28
 
171
159,727
INEOS U.S. Finance LLC, 2023 USD Term Loan B,
(1-mo. CME Term SOFR at 0.00% Floor + 3.25%),
8.10%, 02/18/30
 
72
71,371
LSF11 A5 Holdco LLC, 2024 Term Loan B, (1-mo. CME
Term SOFR at 0.50% Floor + 3.61%), 8.46%,
10/15/28
 
235
234,194
Momentive Performance Materials, Inc., 2023 Term
Loan, (1-mo. CME Term SOFR + 4.50%), 9.35%,
03/29/28
 
283
283,531
Nouryon USA LLC, 2024 USD Term Loan B1, (3-mo.
CME Term SOFR + 3.50%), 8.63%, 04/03/28
 
163
163,061
Olympus Water U.S. Holding Corp., 2024 USD Term
Loan B, (3-mo. CME Term SOFR at 0.50% Floor +
3.50%), 8.10%, 06/20/31
 
206
206,250
OQ Chemicals Corp.
 
2017 USD Term Loan B2, (3-mo. CME Term SOFR at
0.00% Floor + 3.70%), 8.92%, 12/31/26
 
200
168,962
2024 USD Term Loan B, (1-mo. CME Term SOFR at
3.00% Floor + 8.00%), 12.92%, 12/31/26
 
25
25,726
Paint Intermediate III LLC, 2024 Term Loan B,
09/11/31(n)
 
70
69,825
18
Schedule of Investments (unaudited)(continued)
September 30, 2024
BlackRock Credit Allocation Income Trust (BTZ)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
Chemicals (continued)
SCIH Salt Holdings, Inc., 2021 Incremental Term Loan
B, (3-mo. CME Term SOFR + 3.50%), 8.76%,
03/16/27
USD
78
$ 78,322
Sparta U.S. HoldCo LLC, 2021 Term Loan, (1-mo. CME
Term SOFR at 0.75% Floor + 3.25%), 8.45%,
08/02/30
 
231
230,287
WR Grace Holdings LLC, 2021 Term Loan B, (3-mo.
CME Term SOFR at 0.50% Floor + 3.25%), 7.85%,
09/22/28
 
197
197,435
 
 
3,319,230
Commercial Services & Supplies — 0.7%
Albion Financing 3 SARL, 2024 USD Term Loan B, (3-
mo. CME Term SOFR at 0.50% Floor + 4.51%),
9.83%, 08/16/29
 
245
246,064
AlixPartners LLP, 2021 USD Term Loan B, (1-mo. CME
Term SOFR at 0.50% Floor + 2.61%), 7.46%,
02/04/28
 
244
243,953
Allied Universal Holdco LLC, 2021 USD Incremental
Term Loan B, (1-mo. CME Term SOFR at 0.50%
Floor + 3.85%), 8.70%, 05/12/28
 
609
603,063
APi Group DE, Inc., 2024 Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 2.00%), 6.85%,
01/03/29
 
135
134,853
Aramark Services, Inc., 2024 Term Loan B7, (1-mo.
CME Term SOFR + 2.00%), 6.85%, 04/06/28
 
113
113,057
Avis Budget Car Rental LLC, 2020 Term Loan B, (1-mo.
CME Term SOFR + 1.86%), 6.71%, 08/06/27
 
70
69,441
AVSC Holding Corp., 2020 Term Loan B1, (1-mo. CME
Term SOFR + 3.60%, 0.25% PIK), 8.45%, 03/03/25(i)
 
182
180,545
Belron Finance U.S. LLC
 
2018 Term Loan B, (3-mo. CME Term SOFR at
0.00% Floor + 2.51%), 7.62%, 11/13/25
 
366
365,851
2023 1st Lien Term Loan, (3-mo. CME Term SOFR +
2.35%), 7.63%, 04/18/29
 
53
53,303
2023 USD Term Loan, (3-mo. CME Term SOFR +
2.19%), 7.32%, 04/13/28
 
177
176,474
Boost Newco Borrower LLC, 2024 USD Term Loan B,
(3-mo. CME Term SOFR at 0.00% Floor + 2.50%),
7.10%, 01/31/31
 
547
546,770
Bright Horizons Family Solutions LLC, 2021 Term Loan
B, (1-mo. CME Term SOFR at 0.50% Floor + 2.36%),
7.21%, 11/24/28
 
215
214,502
Camelot U.S. Acquisition LLC, 2024 Term Loan B, (1-
mo. CME Term SOFR + 2.75%), 7.60%, 01/31/31
 
403
402,523
Champions Financing, Inc., 2024 Term Loan B, (3-mo.
CME Term SOFR at 0.00% Floor + 4.75%), 9.85%,
02/23/29
 
403
386,880
CHG Healthcare Services, Inc., 2021 Term Loan, (1-mo.
CME Term SOFR at 0.50% Floor + 3.61%), 8.46%,
09/29/28
 
182
181,797
Covanta Holding Corp., Incremental TLB, , 11/30/28(n)
 
39
38,872
Creative Artists Agency LLC, 2024 Term Loan B, (Prime
+ 2.25%), 10.25%, 11/27/28
 
428
427,567
Element Materials Technology Group U.S. Holdings,
Inc., 2022 USD Term Loan, (3-mo. CME Term SOFR
at 0.50% Floor + 3.75%), 8.35%, 07/06/29
 
239
238,858
Fleet US Bidco, Inc., 2024 1st Lien Term Loan B, (6-mo.
CME Term SOFR at 0.00% Floor + 2.75%), 7.58%,
02/21/31(d)
 
8
7,980
Security
 
Par
(000)
Value
Commercial Services & Supplies (continued)
Fortress Transportation and Infrastructure Investors
LLC, Term Loan B, (1-mo. CME Term SOFR at 0.00%
Floor + 3.75%), 8.60%, 06/27/31
USD
75
$ 74,813
Galaxy U.S. Opco, Inc., Term Loan, (3-mo. CME Term
SOFR + 4.75%), 10.00%, 04/29/29
 
85
70,957
Garda World Security Corp., 2024 Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 3.50%), 8.60%,
02/01/29
 
112
112,133
Hertz Corp.
 
2021 Term Loan B, (1-mo. CME Term SOFR +
3.61%), 8.88%, 06/30/28
 
108
96,837
2021 Term Loan C, (1-mo. CME Term SOFR +
3.61%), 8.46%, 06/30/28
 
21
18,504
KUEHG Corp., 2024 Term Loan B, (3-mo. CME Term
SOFR at 0.50% Floor + 4.50%), 9.10%, 06/12/30
 
165
165,701
Learning Care Group U.S. No. 2, Inc., 2024 Term Loan
B, (3-mo. CME Term SOFR at 0.50% Floor + 4.00%),
9.21%, 08/11/28
 
27
26,848
Mavis Tire Express Services Topco Corp., 2024 Term
Loan, (1-mo. CME Term SOFR at 0.75% Floor +
3.50%), 8.35%, 05/04/28
 
335
335,180
Neon Maple U.S. Debt Mergersub, Inc., 2024 Term Loan
B1, 07/18/31(n)
 
216
213,570
Prime Security Services Borrower LLC, 2024 Term Loan
B, (1-mo. CME Term SOFR at 0.00% Floor + 2.25%),
7.45%, 10/13/30
 
109
109,356
Ryan LLC, Term Loan, (1-mo. CME Term SOFR at
0.50% Floor + 3.50%), 8.35%, 11/14/30
 
11
10,817
Sotheby’s, 2021 Term Loan B, (3-mo. CME Term SOFR
+ 4.61%), 10.06%, 01/15/27
 
304
299,502
Spring Education Group, Inc., Term Loan, (3-mo. CME
Term SOFR at 0.00% Floor + 4.00%), 8.60%,
10/04/30
 
193
193,754
Trans Union LLC
 
2024 Term Loan B7, (1-mo. CME Term SOFR +
2.00%), 6.85%, 12/01/28
 
314
313,268
2024 Term Loan B8, (1-mo. CME Term SOFR at
0.00% Floor + 1.75%), 6.60%, 06/24/31
 
110
109,841
TruGreen LP, 2020 Term Loan, (1-mo. CME Term SOFR
+ 4.00%), 8.85%, 11/02/27
 
149
144,211
Vestis Corp., Term Loan, (3-mo. CME Term SOFR +
2.25%), 7.37%, 02/22/31
 
133
132,003
Viad Corp., Initial Term Loan, (1-mo. CME Term SOFR +
4.25%), 9.10%, 07/30/28(d)
 
128
127,481
Vortex Opco LLC, Second Out Term Loan, (3-mo. CME
Term SOFR at 0.50% Floor + 4.36%), 9.12%,
12/17/28
 
111
78,730
Wand NewCo 3, Inc., 2024 1st Lien Term Loan B, (3-mo.
CME Term SOFR at 0.00% Floor + 3.25%), 8.01%,
01/30/31
 
334
333,432
 
 
7,599,291
Construction & Engineering — 0.2%
AECOM, 2024 Term Loan B, (1-mo. CME Term SOFR +
1.88%), 6.72%, 04/18/31
 
157
157,652
Apple Bidco LLC
 
2021 Term Loan, (1-mo. CME Term SOFR + 2.86%),
7.71%, 09/22/28
 
153
152,232
2022 Incremental Term Loan, (1-mo. CME Term
SOFR at 0.50% Floor + 3.50%), 8.35%, 09/22/28
 
157
157,055
Arcosa, Inc., Term Loan B, 08/12/31(d)(n)
 
69
68,509
Schedule of Investments
19
Schedule of Investments (unaudited)(continued)
September 30, 2024
BlackRock Credit Allocation Income Trust (BTZ)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
Construction & Engineering (continued)
Brand Industrial Services, Inc., 2024 Term Loan B, (3-
mo. CME Term SOFR at 0.50% Floor + 4.50%),
9.75%, 08/01/30
USD
520
$ 505,224
Brown Group Holding LLC
 
2022 Incremental Term Loan B2, (3-mo. CME Term
SOFR at 0.50% Floor + 2.75%), 7.84%, 07/01/31
 
185
184,518
Term Loan B, (1-mo. CME Term SOFR at 0.50%
Floor + 2.75%), 7.60%, 07/01/31
 
267
266,408
Legence Holdings LLC, 2021 Term Loan, (1-mo. CME
Term SOFR at 0.75% Floor + 3.60%), 8.45%,
12/16/27
 
61
61,424
 
 
1,553,022
Construction Materials — 0.0%
Quikrete Holdings, Inc., 2024 Term Loan B, (1-mo. CME
Term SOFR + 2.50%), 7.35%, 04/14/31
 
98
98,505
Consumer Finance — 0.1%
CPI Holdco B LLC, Term Loan, (1-mo. CME Term SOFR
+ 2.00%), 6.85%, 05/19/31
 
219
217,865
Edelman Financial Engines Center LLC, 2024 Term
Loan B, (1-mo. CME Term SOFR + 3.25%), 8.10%,
04/07/28
 
128
127,291
Focus Financial Partners, LLC(n)
 
2024 Delayed Draw Term Loan, 09/11/31
 
39
39,165
2024 Term Loan B8, 09/11/31
 
180
179,765
Osaic Holdings, Inc., 2024 Term Loan, (1-mo. CME
Term SOFR at 0.00% Floor + 4.00%), 8.85%,
08/17/28
 
274
270,722
 
 
834,808
Consumer Staples Distribution & Retail — 0.0%
Peer Holding III BV, 2024 USD Term Loan B5, (3-mo.
CME Term SOFR at 0.00% Floor + 3.00%), 7.60%,
07/01/31
 
97
97,162
Containers & Packaging — 0.1%
Charter Next Generation, Inc., 2024 Term Loan B, (1-
mo. CME Term SOFR at 0.75% Floor + 3.25%),
8.10%, 12/01/27
 
455
454,506
LABL, Inc., 2021 USD 1st Lien Term Loan, (1-mo. CME
Term SOFR at 0.50% Floor + 5.10%), 9.95%,
10/29/28
 
186
181,879
Mauser Packaging Solutions Holding Co., 2024 Term
Loan B, (1-mo. CME Term SOFR + 3.50%), 8.70%,
04/15/27
 
158
158,393
Pregis TopCo LLC, 1st Lien Term Loan, (1-mo. CME
Term SOFR at 0.00% Floor + 4.00%), 8.85%,
07/31/26
 
77
77,496
Trident TPI Holdings, Inc., 2024 Term Loan B6, (3-mo.
CME Term SOFR at 0.50% Floor + 4.00%), 8.60%,
09/15/28
 
149
148,597
 
 
1,020,871
Diversified REITs — 0.0%
SBA Senior Finance II LLC, 2024 Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 2.00%), 6.85%,
01/25/31
 
198
197,584
Diversified Telecommunication Services — 0.2%
Altice Financing SA, USD 2017 1st Lien Term Loan,
(3-mo. LIBOR US at 0.00% Floor + 2.75%), 8.31%,
01/31/26
 
246
238,380
Security
 
Par
(000)
Value
Diversified Telecommunication Services (continued)
Altice France SA, 2023 USD Term Loan B14, (3-mo.
CME Term SOFR at 0.00% Floor + 5.50%), 10.80%,
08/15/28
USD
287
$ 214,538
Ciena Corp., 2020 Term Loan B, (1-mo. CME Term
SOFR at 0.00% Floor + 2.00%), 6.96%, 10/24/30
 
202
202,458
Connect Finco SARL, 2024 Extended Term Loan B,
(1-mo. CME Term SOFR at 0.50% Floor + 4.50%),
9.35%, 09/27/29
 
125
116,605
GOGO Intermediate Holdings LLC, Term Loan B, (1-mo.
CME Term SOFR + 3.86%), 8.71%, 04/30/28
 
63
58,929
Iridium Satellite LLC, 2024 Term Loan B, (1-mo. CME
Term SOFR at 0.75% Floor + 2.25%), 7.10%,
09/20/30
 
90
88,832
Level 3 Financing Inc.
 
2024 Extended Term Loan B1, (1-mo. CME Term
SOFR at 2.00% Floor + 6.56%), 11.41%, 04/15/29
 
90
91,442
2024 Extended Term Loan B2, (1-mo. CME Term
SOFR at 2.00% Floor + 6.56%), 11.41%, 04/15/30
 
90
91,797
Lumen Technologies, Inc.
 
2024 Extended Term Loan B1, (1-mo. CME Term
SOFR at 2.00% Floor + 2.46%), 7.32%, 04/15/29
 
101
88,003
2024 Extended Term Loan B2, (1-mo. CME Term
SOFR at 2.00% Floor + 2.46%), 7.32%, 04/15/30
 
103
88,859
2024 Term Loan A, (1-mo. CME Term SOFR +
6.00%), 10.85%, 06/01/28
 
12
11,220
ORBCOMM, Inc., Term Loan B, (1-mo. CME Term
SOFR at 0.75% Floor + 4.36%), 9.21%, 09/01/28
 
146
127,961
Viasat, Inc.
 
2023 Term Loan, (1-mo. CME Term SOFR + 4.61%),
9.73%, 05/30/30
 
73
66,519
Term Loan, (1-mo. CME Term SOFR at 0.50% Floor +
4.50%), 9.35%, 03/02/29
 
148
135,228
Virgin Media Bristol LLC, 2020 USD Term Loan Q, (1-
mo. CME Term SOFR + 3.36%), 8.46%, 01/31/29
 
225
215,001
Zayo Group Holdings, Inc., USD Term Loan, (1-mo.
CME Term SOFR at 0.00% Floor + 3.11%), 7.97%,
03/09/27
 
649
592,283
 
 
2,428,055
Electric Utilities — 0.1%
Calpine Construction Finance Co. LP, 2023 Refinancing
Term Loan B, (1-mo. CME Term SOFR at 0.00%
Floor + 2.00%), 6.85%, 07/31/30
 
230
228,666
Calpine Corp., Term Loan B9, (1-mo. CME Term SOFR
at 0.00% Floor + 2.00%), 6.85%, 01/31/31
 
80
79,309
Constellation Renewables LLC, 2020 Term Loan, (3-mo.
CME Term SOFR + 2.25%), 7.31%, 12/15/27
 
225
225,311
Hamilton Projects Acquiror LLC, 2024 Term Loan B,
(1-mo. CME Term SOFR at 0.50% Floor + 3.75%),
8.60%, 05/22/31
 
37
37,222
NRG Energy, Inc., 2024 Term Loan, (3-mo. CME Term
SOFR at 0.00% Floor + 2.00%), 7.26%, 04/16/31
 
171
171,268
Pike Corp., 2021 Incremental Term Loan B, (1-mo. CME
Term SOFR + 3.11%), 7.96%, 01/21/28
 
125
125,456
Vistra Operations Co. LLC, 1st Lien Term Loan B3,
12/20/30(n)
 
56
55,522
 
 
922,754
Electronic Equipment, Instruments & Components — 0.1%
Celestica Inc., 2024 Term Loan B, (1-mo. CME Term
SOFR at 0.00% Floor + 1.75%), 6.61%, 06/20/31(d)
 
56
55,790
20
Schedule of Investments (unaudited)(continued)
September 30, 2024
BlackRock Credit Allocation Income Trust (BTZ)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
Electronic Equipment, Instruments & Components (continued)
Coherent Corp., 2024 Term Loan B, (1-mo. CME Term
SOFR at 0.50% Floor + 2.50%), 7.35%, 07/02/29
USD
247
$ 246,485
MX Holdings U.S., Inc., 2023 USD Term Loan B1D,
(1-mo. CME Term SOFR + 2.86%), 7.71%, 07/31/28
 
26
25,783
Roper Industrial Products Investment Co., 2024 USD
Term Loan B, (3-mo. CME Term SOFR at 0.50%
Floor + 3.25%), 7.85%, 11/22/29
 
355
355,704
 
 
683,762
Entertainment — 0.5%
Bally’s Corp., 2021 Term Loan B, (3-mo. CME Term
SOFR at 0.50% Floor + 3.51%), 8.79%, 10/02/28
 
173
164,580
Caesars Entertainment, Inc.
 
2024 Term Loan B1, (1-mo. CME Term SOFR +
2.75%), 7.60%, 02/06/31
 
541
540,100
Term Loan B, (1-mo. CME Term SOFR + 2.75%),
7.60%, 02/06/30
 
132
132,176
Churchill Downs, Inc., 2021 Incremental Term Loan B1,
(1-mo. CME Term SOFR at 0.00% Floor + 2.10%),
6.95%, 03/17/28(d)
 
181
180,892
Delta 2 Lux SARL(n)
 
2024 Term Loan B1, 09/10/31
 
228
227,742
2024 Term Loan B2, 09/10/31
 
114
113,627
ECL Entertainment LLC, 2024 Term Loan B, (1-mo.
CME Term SOFR + 4.00%), 8.85%, 08/31/30
 
93
93,660
Flutter Financing BV, Term Loan B, (3-mo. CME Term
SOFR at 0.50% Floor + 2.00%), 6.60%, 11/29/30
 
460
459,362
Light & Wonder International, Inc., 2024 Term Loan B2,
(1-mo. CME Term SOFR at 0.50% Floor + 2.25%),
7.33%, 04/14/29
 
199
198,517
Lions Gate Capital Holdings LLC, 2018 Term Loan B,
(1-mo. CME Term SOFR + 2.35%), 7.20%, 03/24/25
 
187
186,957
Live Nation Entertainment, Inc., Term Loan B4, (1-mo.
CME Term SOFR at 0.00% Floor + 1.85%), 6.81%,
10/19/26
 
447
446,325
Motion Finco SARL, 2024 USD Term Loan B, (3-mo.
CME Term SOFR at 0.00% Floor + 3.50%), 8.10%,
11/12/29
 
236
226,678
OVG Business Services LLC, 2024 Term Loan B, (1-mo.
CME Term SOFR + 3.00%), 7.85%, 06/25/31
 
91
90,431
Penn Entertainment, Inc., 2022 Term Loan B, (1-mo.
CME Term SOFR at 0.50% Floor + 2.85%), 7.71%,
05/03/29
 
192
192,546
Playtika Holding Corp., 2021 Term Loan B1, (1-mo.
CME Term SOFR + 2.86%), 7.71%, 03/13/28
 
227
225,502
Scientific Games Holdings LP, 2024 USD Term Loan B,
(3-mo. CME Term SOFR at 0.50% Floor + 3.00%),
8.32%, 04/04/29
 
74
73,512
SeaWorld Parks & Entertainment, Inc., 2024 Term Loan
B, (1-mo. CME Term SOFR + 2.50%), 7.35%,
08/25/28
 
55
54,895
Six Flags Entertainment Corp., 2024 Term Loan B, (1-
mo. CME Term SOFR at 0.00% Floor + 2.00%),
6.85%, 05/01/31
 
100
99,476
UFC Holdings LLC, 2021 Term Loan B, (3-mo. CME
Term SOFR + 3.01%), 8.29%, 04/29/26
 
355
355,215
Security
 
Par
(000)
Value
Entertainment (continued)
William Morris Endeavor Entertainment LLC, 2018 1st
Lien Term Loan, (1-mo. CME Term SOFR + 2.86%),
7.71%, 05/18/25
USD
458
$ 457,434
WMG Acquisition Corp., 2024 Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 1.75%), 6.60%,
01/24/31
 
438
437,361
 
 
4,956,988
Environmental, Maintenance & Security Service — 0.1%
Action Environmental Group, Inc., 2023 Term Loan B,
(3-mo. CME Term SOFR + 4.00%), 8.60%, 10/24/30
 
87
86,590
Clean Harbors, Inc., 2023 Term Loan, (1-mo. CME Term
SOFR + 1.75%), 6.71%, 10/09/28
 
160
160,291
Covanta Holding Corp.
 
2021 Term Loan B, (6-mo. CME Term SOFR at
0.50% Floor + 2.50%), 7.35%, 11/30/28
 
82
81,648
2021 Term Loan C, (6-mo. CME Term SOFR at
0.50% Floor + 2.50%), 7.59%, 11/30/28
 
6
6,273
Filtration Group Corp., 2021 Incremental Term Loan,
(1-mo. CME Term SOFR at 0.50% Floor + 3.61%),
8.46%, 10/21/28
 
424
423,842
GFL Enviromental, Inc., 2024 Term Loan B, (3-mo. CME
Term SOFR at 0.50% Floor + 2.00%), 7.32%,
07/03/31
 
96
95,863
JFL-Tiger Acquisition Co., Inc., Term Loan B, (1-mo.
CME Term SOFR at 0.50% Floor + 4.50%), 9.46%,
10/17/30
 
86
86,547
Madison IAQ LLC, Term Loan, (6-mo. CME Term SOFR
at 0.50% Floor + 2.75%), 7.89%, 06/21/28
 
447
446,389
Packers Holdings LLC, 2021 Term Loan, (1-mo. CME
Term SOFR at 0.75% Floor + 3.35%), 8.20%,
03/09/28
 
124
64,675
 
 
1,452,118
Financial Services — 0.0%
Castlelake Aviation One DAC
 
2023 Incremental Term Loan B, (3-mo. CME Term
SOFR at 0.00% Floor + 2.75%), 7.70%, 10/22/27
 
80
79,815
Term Loan B, (3-mo. CME Term SOFR at 0.00%
Floor + 2.50%), 7.45%, 10/22/26
 
252
252,470
FinCo I LLC, 2024 Term Loan B, 06/27/29(n)
 
20
19,988
Setanta Aircraft Leasing DAC, 2024 Term Loan B, (3-
mo. CME Term SOFR at 0.00% Floor + 1.75%),
6.35%, 11/05/28
 
75
75,334
 
 
427,607
Food Products — 0.2%
8th Avenue Food & Provisions, Inc., 2018 1st Lien Term
Loan, (1-mo. CME Term SOFR + 3.86%), 8.71%,
10/01/25
 
133
128,287
Aramark Services, Inc., 2024 Term Loan B8, (1-mo.
CME Term SOFR at 0.00% Floor + 2.00%), 6.85%,
06/22/30
 
241
241,135
Chobani LLC
 
2020 Term Loan B, (1-mo. CME Term SOFR at
1.00% Floor + 3.36%), 8.21%, 10/25/27
 
580
581,390
2023 Incremental Term Loan, (1-mo. CME Term
SOFR at 0.00% Floor + 3.75%), 8.60%, 10/25/27
 
92
92,510
Froneri U.S., Inc., 2020 USD Term Loan, (1-mo. CME
Term SOFR at 0.00% Floor + 2.35%), 7.20%,
01/29/27
 
556
554,501
Schedule of Investments
21
Schedule of Investments (unaudited)(continued)
September 30, 2024
BlackRock Credit Allocation Income Trust (BTZ)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
Food Products (continued)
H-Food Holdings LLC, 2018 Term Loan B, (3-mo. CME
Term SOFR at 0.00% Floor + 3.95%), 9.01%,
05/23/25
USD
54
$ 40,247
Nomad Foods U.S. LLC, Term Loan B4, (3-mo. CME
Term SOFR at 0.50% Floor + 2.50%), 7.81%,
11/12/29
 
74
74,126
U.S. Foods, Inc.
 
2019 Term Loan B, (1-mo. CME Term SOFR at
0.00% Floor + 2.00%), 6.96%, 09/13/26
 
40
40,020
2021 Term Loan B, (1-mo. CME Term SOFR +
2.00%), 6.85%, 11/22/28
 
90
90,451
2024 1st Lien Term Loan B, 09/26/31(d)(n)
 
330
330,413
UTZ Quality Foods LLC, 2024 Term Loan B, (3-mo.
CME Term SOFR + 2.75%), 7.35%, 01/20/28
 
309
308,353
 
 
2,481,433
Ground Transportation — 0.0%
Genesee & Wyoming, Inc., 2024 Term Loan B, (3-mo.
CME Term SOFR at 0.00% Floor + 2.00%), 6.60%,
04/10/31
 
338
337,155
SIRVA Worldwide, Inc., 2024 Term Loan, (3-mo. CME
Term SOFR at 2.00% Floor + 8.00%), 12.81%,
08/20/29(d)
 
51
37,967
 
 
375,122
Health Care Equipment & Supplies — 0.2%
Avantor Funding, Inc., 2024 Term Loan, (1-mo. CME
Term SOFR at 0.50% Floor + 2.10%), 6.95%,
11/08/27
 
199
199,658
Bausch & Lomb Corp.
 
2023 Incremental Term Loan, (1-mo. CME Term
SOFR at 0.00% Floor + 4.00%), 8.85%, 09/29/28
 
111
110,673
Term Loan, (1-mo. CME Term SOFR at 0.50% Floor +
3.35%), 8.27%, 05/10/27
 
316
314,711
Maravai Intermediate Holdings LLC, 2022 Term Loan B,
(3-mo. CME Term SOFR at 0.50% Floor + 3.00%),
8.28%, 10/19/27
 
171
170,219
Medline Borrower LP
 
2024 Term Loan B, (1-mo. CME Term SOFR at
0.50% Floor + 2.75%), 7.60%, 10/23/28
 
682
682,329
2024 USD Add-on Term Loan B, (1-mo. CME Term
SOFR at 0.50% Floor + 2.25%), 7.10%, 10/23/28
 
224
223,680
Sotera Health Holdings LLC, 2024 Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 3.25%), 8.10%,
05/30/31
 
290
288,912
 
 
1,990,182
Health Care Providers & Services — 0.2%
Catalent Pharma Solutions, Inc., 2021 Term Loan B3,
(1-mo. CME Term SOFR at 0.50% Floor + 2.11%),
7.03%, 02/22/28
 
240
239,973
Concentra Health Services, Inc., Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 2.25%), 7.10%,
07/28/31(d)
 
50
49,875
Electron BidCo, Inc., 2021 Term Loan, (1-mo. CME Term
SOFR at 0.50% Floor + 3.11%), 7.96%, 11/01/28
 
268
268,537
EyeCare Partners LLC
 
2024 Second Out Term Loan B, (3-mo. CME Term
SOFR at 0.00% Floor + 4.71%), 9.99%, 11/30/28
 
177
125,962
2024 Superpriority New Money 1st Out Term Loan A,
(3-mo. CME Term SOFR at 0.00% Floor + 5.75%),
11.03%, 08/31/28
 
57
56,847
Security
 
Par
(000)
Value
Health Care Providers & Services (continued)
Fortrea Holdings, Inc., Term Loan B, (6-mo. CME Term
SOFR + 3.75%), 8.49%, 07/01/30
USD
22
$ 21,523
ICON Luxembourg SARL
 
2024 LUX Term Loan B, (3-mo. CME Term SOFR at
0.50% Floor + 2.00%), 6.60%, 07/03/28
 
58
57,855
2024 US Term Loan B, (3-mo. CME Term SOFR at
0.50% Floor + 2.00%), 6.60%, 07/03/28
 
14
14,415
IQVIA, Inc., 2023 USD Term Loan B4, (3-mo. CME Term
SOFR at 0.00% Floor + 2.00%), 6.60%, 01/02/31
 
158
158,355
Medical Solutions Holdings, Inc., 2021 1st Lien Term
Loan, (3-mo. CME Term SOFR at 0.50% Floor +
3.60%), 8.85%, 11/01/28
 
116
87,435
Phoenix Newco, Inc., 2024 Term Loan B, (1-mo. CME
Term SOFR at 0.50% Floor + 3.00%), 7.85%,
11/15/28
 
350
349,421
Precision Medicine Group LLC, 2021 Term Loan, (3-mo.
CME Term SOFR at 0.75% Floor + 3.10%), 7.70%,
11/18/27
 
151
150,079
Star Parent, Inc., Term Loan B, (3-mo. CME Term SOFR
at 0.00% Floor + 3.75%), 8.35%, 09/27/30
 
163
158,529
Surgery Center Holdings, Inc., 2024 Term Loan B, (1-
mo. CME Term SOFR at 0.00% Floor + 2.75%),
7.67%, 12/19/30
 
156
155,846
WCG Intermediate Corp., 2024 Term Loan, (1-mo. CME
Term SOFR + 3.50%), 8.35%, 01/08/27
 
117
117,304
 
 
2,011,956
Hotel & Resort REITs — 0.0%
RHP Hotel Properties LP, 2024 Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 2.25%), 7.10%,
05/18/30
 
79
79,212
Hotels, Restaurants & Leisure — 0.4%
1011778 B.C. Unlimited Liability Co., 2024 Term Loan
B6, (1-mo. CME Term SOFR at 0.00% Floor +
1.75%), 6.60%, 09/20/30
 
276
272,711
Aimbridge Acquisition Co., Inc., 2019 Term Loan B, (1-
mo. CME Term SOFR at 0.00% Floor + 3.86%),
8.71%, 02/02/26
 
249
241,983
Alterra Mountain Co., 2024 Term Loan B5, (1-mo. CME
Term SOFR + 3.50%), 8.35%, 05/31/30
 
149
149,503
Carnival Corp., 2024 Term Loan B2, (1-mo. CME Term
SOFR at 0.75% Floor + 2.75%), 7.60%, 08/08/27
 
86
86,271
City Football Group Ltd., 2024 Term Loan, (1-mo. CME
Term SOFR at 0.50% Floor + 3.11%), 7.97%,
07/22/30
 
292
290,395
Fender Musical Instruments Corp., 2021 Term Loan B,
(1-mo. CME Term SOFR at 0.50% Floor + 4.10%),
8.95%, 12/01/28(d)
 
74
71,732
Fertitta Entertainment LLC/NV, 2022 Term Loan B, (1-
mo. CME Term SOFR at 0.50% Floor + 3.75%),
8.85%, 01/27/29
 
632
630,065
Four Seasons Hotels Ltd., 2024 1st Lien Term Loan B,
(1-mo. CME Term SOFR at 0.50% Floor + 1.75%),
6.61%, 11/30/29
 
437
436,054
Hilton Domestic Operating Co., Inc., 2023 Term Loan
B4, (1-mo. CME Term SOFR + 1.75%), 6.60%,
11/08/30
 
330
330,123
IRB Holding Corp., 2024 Term Loan B, (1-mo. CME
Term SOFR at 0.75% Floor + 2.85%), 7.70%,
12/15/27
 
235
234,451
22
Schedule of Investments (unaudited)(continued)
September 30, 2024
BlackRock Credit Allocation Income Trust (BTZ)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
Hotels, Restaurants & Leisure (continued)
Playa Resorts Holding BV, 2022 Term Loan B, (1-mo.
CME Term SOFR + 2.75%), 7.60%, 01/05/29
USD
56
$ 55,590
Sabre GLBL, Inc.
 
2021 Term Loan B1, (1-mo. CME Term SOFR at
0.50% Floor + 3.61%), 8.46%, 12/17/27
 
57
53,253
2021 Term Loan B2, (1-mo. CME Term SOFR at
0.50% Floor + 3.61%), 8.46%, 12/17/27
 
90
83,614
2022 1st Lien Term Loan B, (1-mo. CME Term SOFR
+ 5.10%), 9.95%, 06/30/28
 
45
42,637
Station Casinos LLC, 2024 Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 2.25%), 7.10%,
03/14/31
 
343
341,620
Whatabrands LLC, 2024 Term Loan B, (1-mo. CME
Term SOFR at 0.50% Floor + 2.75%), 7.60%,
08/03/28
 
412
411,226
Wyndham Hotels & Resorts, Inc., 2024 Term Loan, (1-
mo. CME Term SOFR at 0.00% Floor + 1.75%),
6.60%, 05/24/30
 
159
158,214
 
 
3,889,442
Household Durables — 0.1%
AI Aqua Merger Sub, Inc., 2021 1st Lien Term Loan B,
(1-mo. CME Term SOFR at 0.50% Floor + 3.50%),
8.70%, 07/31/28
 
222
222,106
Hunter Douglas, Inc., USD Term Loan B1, (3-mo. CME
Term SOFR at 0.50% Floor + 3.50%), 8.57%,
02/26/29
 
326
322,338
SWF Holdings I Corp., 2021 Term Loan B, (1-mo. CME
Term SOFR at 0.75% Floor + 4.11%), 8.96%,
10/06/28
 
309
254,340
Weber-Stephen Products LLC, Term Loan B, (1-mo.
CME Term SOFR at 0.75% Floor + 3.36%), 8.21%,
10/30/27
 
439
412,390
 
 
1,211,174
Insurance — 0.5%
Alliant Holdings Intermediate, LLC, 2024 Term Loan B6,
(1-mo. CME Term SOFR at 0.00% Floor + 3.00%),
7.96%, 09/19/31
 
854
848,538
AmWINS Group, Inc., 2021 Term Loan B, (1-mo. CME
Term SOFR + 2.36%), 7.21%, 02/19/28
 
384
383,105
Amynta Agency Borrower, Inc., 2024 Term Loan B, (3-
mo. CME Term SOFR at 0.00% Floor + 3.75%),
9.00%, 02/28/28
 
327
326,736
AssuredPartners, Inc., 2024 Incremental Term Loan B5,
(1-mo. CME Term SOFR at 0.50% Floor + 3.50%),
8.35%, 02/14/31
 
651
650,497
Asurion LLC
 
2020 Term Loan B8, (1-mo. CME Term SOFR at
0.00% Floor + 3.36%), 8.21%, 12/23/26
 
239
239,132
2021 2nd Lien Term Loan B3, (1-mo. CME Term
SOFR + 5.36%), 10.21%, 01/31/28
 
175
163,593
2021 Second Lien Term Loan B4, (1-mo. CME Term
SOFR + 5.36%), 10.21%, 01/20/29
 
44
40,576
2023 Term Loan B11, (1-mo. CME Term SOFR at
0.00% Floor + 4.35%), 9.20%, 08/19/28
 
74
72,827
Baldwin Insurance Group Holdings LLC, 2024 Term
Loan B, (1-mo. CME Term SOFR + 3.25%), 8.10%,
05/26/31(d)
 
88
87,446
Security
 
Par
(000)
Value
Insurance (continued)
HUB International Ltd., 2024 1st Lien Term Loan B, (3-
mo. CME Term SOFR at 0.00% Floor + 3.00%),
8.23%, 06/20/30
USD
545
$ 543,928
Hyperion Refinance SARL, 2024 USD Term Loan B,
(1-mo. CME Term SOFR at 0.50% Floor + 3.50%),
8.35%, 02/15/31
 
175
175,139
Jones Deslauriers Insurance Management, Inc.,
2024 1st Lien Term Loan B, (3-mo. CME Term SOFR
at 0.00% Floor + 3.25%), 8.35%, 03/15/30
 
142
142,143
Ryan Specialty Group LLC, 2024 USD Term Loan B,
(1-mo. CME Term SOFR at 0.00% Floor + 2.25%),
7.10%, 09/15/31
 
182
181,391
Sedgwick Claims Management Services, Inc.,
2023 Term Loan B, (3-mo. CME Term SOFR at
0.00% Floor + 3.00%), 8.25%, 07/31/31
 
509
508,058
Truist Insurance Holdings LLC
 
1st Lien Term Loan, (3-mo. CME Term SOFR at
0.00% Floor + 3.25%), 7.85%, 05/06/31
 
409
407,977
2nd Lien Term Loan, (3-mo. CME Term SOFR at
0.00% Floor + 4.75%), 9.35%, 05/06/32
 
107
108,605
USI, Inc.
 
2024 Term Loan (2029), (3-mo. CME Term SOFR at
0.00% Floor + 2.75%), 7.35%, 11/22/29
 
429
427,883
2024 Term Loan (2030), (3-mo. CME Term SOFR at
0.00% Floor + 2.75%), 7.35%, 09/27/30
 
131
130,229
 
 
5,437,803
Interactive Media & Services — 0.0%
MH Sub I LLC
 
2021 2nd Lien Term Loan, (3-mo. CME Term SOFR +
6.25%), 11.50%, 02/23/29
 
68
66,387
2023 Term Loan, (1-mo. CME Term SOFR at 0.50%
Floor + 4.25%), 9.10%, 05/03/28
 
232
231,065
 
 
297,452
Internet Software & Services — 0.2%
Barracuda Networks, Inc., 2022 Term Loan, (3-mo. CME
Term SOFR at 0.50% Floor + 4.50%), 9.81%,
08/15/29
 
71
69,337
Gen Digital, Inc., 2024 Term Loan B, (1-mo. CME Term
SOFR + 1.75%), 6.60%, 09/12/29
 
377
375,522
Go Daddy Operating Co. LLC
 
2024 Term Loan B6, (1-mo. CME Term SOFR at
0.00% Floor + 2.00%), 6.85%, 11/09/29
 
184
184,241
2024 Term Loan B7, (1-mo. CME Term SOFR +
1.75%), 6.60%, 05/30/31
 
209
207,989
ION Trading Finance Ltd, 2024 Term Loan, (3-mo. CME
Term SOFR at 0.00% Floor + 4.00%), 9.02%,
04/01/28
 
55
54,539
Proofpoint, Inc., 2024 Term Loan, (1-mo. CME Term
SOFR at 0.50% Floor + 3.00%), 7.85%, 08/31/28
 
641
640,055
StubHub Holdco Sub LLC, 2024 Extended Term Loan B,
(1-mo. CME Term SOFR + 4.75%), 9.60%, 03/15/30
 
551
549,584
 
 
2,081,267
IT Services — 0.1%
Magenta Security Holdings LLC
 
2024 First Out Term Loan, (3-mo. CME Term SOFR
at 0.75% Floor + 7.01%), 12.13%, 07/27/28
 
54
51,362
2024 Second Out Term Loan, (3-mo. CME Term
SOFR at 0.75% Floor + 7.00%), 12.38%, 07/27/28
 
68
46,183
Schedule of Investments
23
Schedule of Investments (unaudited)(continued)
September 30, 2024
BlackRock Credit Allocation Income Trust (BTZ)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
IT Services (continued)
Magenta Security Holdings LLC (continued)
 
2024 Super Priority Term Loan, (3-mo. CME Term
SOFR at 1.00% Floor + 6.25%), 11.37%, 07/27/28
USD
21
$ 21,481
2024 Third Out Term Loan, 0.00%, 07/27/28
 
118
34,368
McAfee Corp., 2024 USD Term Loan B, (1-mo. CME
Term SOFR + 3.25%), 8.45%, 03/01/29
 
431
429,303
Peraton Corp.
 
2nd Lien Term Loan B1, (3-mo. CME Term SOFR +
7.85%), 12.97%, 02/01/29
 
112
105,230
Term Loan B, (1-mo. CME Term SOFR at 0.75%
Floor + 3.85%), 8.70%, 02/01/28
 
329
316,022
Tempo Acquisition LLC, 2024 Term Loan B, (1-mo. CME
Term SOFR + 2.25%), 7.10%, 08/31/28
 
475
475,110
 
 
1,479,059
Machinery — 0.2%
Arcline FM Holdings, LLC, 2024 Term Loan, (6-mo. CME
Term SOFR at 0.75% Floor + 4.50%), 9.57%,
06/23/28
 
296
296,304
Chart Industries, Inc., 2024 Term Loan B, (3-mo. CME
Term SOFR at 0.50% Floor + 2.50%), 7.82%,
03/15/30(d)
 
17
17,005
Columbus McKinnon Corp./New York, 2024 Term Loan,
(3-mo. CME Term SOFR at 0.50% Floor + 2.50%),
7.10%, 05/14/28(d)
 
56
56,352
Doosan Bobcat North America, Inc., 2024 Term Loan,
(3-mo. CME Term SOFR at 0.00% Floor + 2.00%),
6.60%, 04/20/29
 
52
51,944
Generac Power Systems, Inc., 2024 Term Loan B, (1-
mo. CME Term SOFR at 0.00% Floor + 1.75%),
6.95%, 07/03/31
 
40
40,150
Madison Safety & Flow LLC, 2024 Term Loan B,
09/19/31(n)
 
52
51,935
SPX Flow, Inc., 2024 Term Loan B, (1-mo. CME Term
SOFR at 0.50% Floor + 3.50%), 8.35%, 04/05/29
 
267
267,101
Titan Acquisition Ltd./Canada, 2024 Term Loan B, (6-
mo. CME Term SOFR at 0.00% Floor + 5.00%),
10.33%, 02/15/29
 
518
514,976
TK Elevator U.S. Newco, Inc., USD Term Loan B, (6-mo.
CME Term SOFR at 0.50% Floor + 3.50%), 8.59%,
04/30/30
 
533
533,888
Vertiv Group Corp., 2024 Term Loan B2, (1-mo. CME
Term SOFR + 2.00%), 7.20%, 03/02/27
 
344
343,783
 
 
2,173,438
Media — 0.2%
A L Parent LLC, 2023 Take Back Term Loan, (1-mo.
CME Term SOFR + 5.50%), 10.35%, 06/30/28
 
128
127,830
Charter Communications Operating LLC, 2023 Term
Loan B4, (3-mo. CME Term SOFR at 0.00% Floor +
2.00%), 7.33%, 12/07/30
 
155
154,018
Cogeco Financing 2 LP, 2023 Incremental Term Loan B,
(1-mo. CME Term SOFR + 2.61%), 7.46%, 09/01/28
 
124
121,537
CSC Holdings LLC, 2019 Term Loan B5, (6-mo. LIBOR
US at 0.00% Floor + 2.50%), 7.17%, 04/15/27
 
287
261,603
DirecTV Financing LLC, Term Loan, (1-mo. CME Term
SOFR at 0.75% Floor + 5.11%), 9.96%, 08/02/27
 
143
143,205
Gray Television, Inc., 2024 Term Loan B, (1-mo. CME
Term SOFR + 5.25%), 10.45%, 06/04/29
 
45
43,025
NEP Group, Inc., 2023 Term Loan B, (3-mo. CME Term
SOFR + 3.51%, 1.50% PIK), 9.62%, 08/19/26(i)
 
255
243,293
Security
 
Par
(000)
Value
Media (continued)
Radiate Holdco LLC, 2021 Term Loan B, (1-mo. CME
Term SOFR at 0.75% Floor + 3.36%), 8.21%,
09/25/26
USD
372
$ 318,267
Sinclair Television Group, Inc., 2022 Term Loan B4,
(1-mo. CME Term SOFR + 3.85%), 8.70%, 04/21/29
 
68
49,201
Sunrise Financing Partnership, 2021 USD Term Loan
AX, (1-mo. CME Term SOFR at 0.00% Floor +
3.04%), 8.14%, 01/31/29
 
45
44,822
Ziggo Financing Partnership, USD Term Loan I, (1-mo.
CME Term SOFR at 0.00% Floor + 2.61%), 7.71%,
04/30/28
 
126
122,951
 
 
1,629,752
Metals & Mining — 0.0%
AZZ, Inc., Term Loan B, (1-mo. CME Term SOFR +
2.50%), 7.35%, 05/13/29
 
32
32,251
Oil, Gas & Consumable Fuels — 0.1%
EG America LLC, 2021 Term Loan, (3-mo. SOFR OIS
CMPD + 4.36%), 9.19%, 03/31/26(d)
 
158
157,688
Freeport LNG Investments LLLP, Term Loan B, (3-mo.
CME Term SOFR + 3.50%), 9.04%, 12/21/28
 
395
391,369
GIP Pilot Acquisition Partners LP, 2024 Term Loan B,
(3-mo. CME Term SOFR at 0.00% Floor + 2.50%),
7.82%, 10/04/30
 
34
33,935
M6 ETX Holdings II Midco LLC, Term Loan B, (1-mo.
CME Term SOFR at 0.50% Floor + 4.60%), 9.45%,
09/19/29
 
25
25,437
Medallion Midland Acquisition LP, 2023 Term Loan, (3-
mo. CME Term SOFR at 0.00% Floor + 3.50%),
8.31%, 10/18/28
 
258
257,685
New Fortress Energy, Inc., Term Loan, (3-mo. CME
Term SOFR at 0.75% Floor + 5.00%), 10.25%,
10/27/28
 
228
205,856
NGL Energy Operating LLC, 2024 Term Loan B, (1-mo.
CME Term SOFR + 3.75%), 8.60%, 02/03/31
 
83
82,275
NGP XI Midstream Holdings LLC, Term Loan B, (3-mo.
CME Term SOFR at 0.00% Floor + 4.00%), 8.60%,
07/25/31
 
23
22,971
Oryx Midstream Services Permian Basin LLC,
2024 Term Loan B, (1-mo. CME Term SOFR at
0.50% Floor + 3.11%), 8.23%, 10/05/28
 
360
360,180
 
 
1,537,396
Paper & Forest Products — 0.0%
Asplundh Tree Expert LLC, 2021 Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 1.85%), 6.70%,
09/07/27
 
286
286,253
Passenger Airlines — 0.1%
AAdvantage Loyalty IP Ltd., 2021 Term Loan, (3-mo.
CME Term SOFR at 0.75% Floor + 5.01%), 10.29%,
04/20/28
 
327
335,733
Air Canada, 2024 Term Loan B, (3-mo. CME Term
SOFR at 0.00% Floor + 2.50%), 7.25%, 03/21/31
 
205
205,226
American Airlines, Inc.
 
Series AA, 2017 1st Lien Term Loan, (3-mo. CME
Term SOFR at 0.00% Floor + 1.85%), 6.45%,
01/29/27
 
299
297,341
2023 1st Lien Term Loan, (6-mo. CME Term SOFR at
0.00% Floor + 2.50%), 7.21%, 06/04/29
 
168
166,590
24
Schedule of Investments (unaudited)(continued)
September 30, 2024
BlackRock Credit Allocation Income Trust (BTZ)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
Passenger Airlines (continued)
American Airlines, Inc. (continued)
 
Series AA, 2023 Term Loan B, (1-mo. CME Term
SOFR at 0.00% Floor + 2.86%), 7.96%, 02/15/28
USD
161
$ 160,135
JetBlue Airways Corp., 2024 Term Loan B, (3-mo. CME
Term SOFR at 0.50% Floor + 5.50%), 10.52%,
08/27/29
 
82
80,180
United Airlines, Inc., 2024 Term Loan B, (3-mo. CME
Term SOFR at 0.00% Floor + 2.75%), 8.03%,
02/22/31
 
177
177,610
 
 
1,422,815
Pharmaceuticals — 0.1%
Amneal Pharmaceuticals LLC, 2023 Term Loan B, (1-
mo. CME Term SOFR at 0.00% Floor + 5.50%),
10.35%, 05/04/28
 
121
122,648
Bausch Health Americas, Inc., 2022 Term Loan B, (1-
mo. CME Term SOFR + 5.35%), 10.20%, 02/01/27
 
129
123,179
Elanco Animal Health, Inc., Term Loan B, (1-mo. CME
Term SOFR + 1.85%), 7.05%, 08/01/27
 
206
205,436
Gainwell Acquisition Corp., Term Loan B, (3-mo. CME
Term SOFR at 0.75% Floor + 4.10%), 8.70%,
10/01/27
 
248
235,788
Jazz Financing Lux SARL, 2024 1st Lien Term Loan B,
(1-mo. CME Term SOFR + 2.25%), 7.10%, 05/05/28
 
409
408,680
Option Care Health, Inc., 2021 Term Loan B, (1-mo.
CME Term SOFR + 2.25%), 7.10%, 10/27/28
 
126
126,511
Organon & Co., 2024 USD Term Loan B, (1-mo. CME
Term SOFR + 2.50%), 7.46%, 05/19/31
 
119
118,972
Perrigo Investments LLC, Term Loan B, (1-mo. CME
Term SOFR at 0.50% Floor + 2.35%), 7.20%,
04/20/29
 
82
81,178
Vizient, Inc., 2024 Term Loan B, (1-mo. CME Term
SOFR at 0.50% Floor + 2.00%), 6.85%, 08/01/31
 
63
63,031
 
 
1,485,423
Professional Services — 0.0%
Corpay Technologies Operating Co. LLC, Term Loan B5,
04/28/28(n)
 
313
312,763
Real Estate Management & Development — 0.1%
CoreLogic, Inc.
 
2nd Lien Term Loan, (1-mo. CME Term SOFR +
6.61%), 11.46%, 06/04/29
 
100
96,708
Term Loan, (1-mo. CME Term SOFR at 0.50% Floor +
3.61%), 8.46%, 06/02/28
 
338
334,231
Cushman & Wakefield U.S. Borrower LLC
 
2020 Term Loan B, (1-mo. CME Term SOFR at
0.00% Floor + 2.75%), 7.71%, 08/21/25
 
3
2,907
2024 Term Loan, (1-mo. CME Term SOFR at 0.50%
Floor + 3.75%), 8.60%, 01/31/30
 
74
73,754
2024 Term Loan B, (1-mo. CME Term SOFR at
0.50% Floor + 3.00%), 7.85%, 01/31/30(d)
 
63
63,218
 
 
570,818
Semiconductors & Semiconductor Equipment — 0.0%
Entegris, Inc., 2023 Term Loan B, (3-mo. CME Term
SOFR at 0.00% Floor + 1.75%), 6.35%, 07/06/29
 
105
105,093
Security
 
Par
(000)
Value
Semiconductors & Semiconductor Equipment (continued)
MKS Instruments, Inc., 2024 USD Term Loan B, (1-mo.
CME Term SOFR + 2.25%), 7.17%, 08/17/29
USD
226
$ 225,657
Synaptics, Inc., Term Loan B, (1-mo. CME Term SOFR
at 0.50% Floor + 2.36%), 7.53%, 12/02/28
 
109
108,558
 
 
439,308
Software — 1.0%
Applied Systems, Inc., 2024 1st Lien Term Loan, (3-mo.
CME Term SOFR at 0.00% Floor + 3.00%), 7.60%,
02/24/31
 
465
464,909
Aristocrat Technologies, Inc., 2022 Term Loan B, (3-mo.
CME Term SOFR + 2.35%), 6.95%, 05/24/29
 
11
11,529
Ascend Learning LLC, 2021 Term Loan, (1-mo. CME
Term SOFR at 0.50% Floor + 3.60%), 8.45%,
12/11/28
 
23
23,065
AthenaHealth Group, Inc., 2022 Term Loan B, (1-mo.
CME Term SOFR at 0.50% Floor + 3.25%), 8.10%,
02/15/29
 
452
448,553
Azalea Topco, Inc., 2024 Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 3.50%), 8.35%,
04/30/31
 
85
84,787
BCPE Pequod Buyer, Inc., USD Term Loan B,
09/19/31(n)
 
158
157,243
Boxer Parent Co., Inc., 2024 Term Loan B, (3-mo. CME
Term SOFR at 0.00% Floor + 3.75%), 9.01%,
07/30/31
 
85
84,773
Capstone Borrower, Inc., 2024 Term Loan B, (3-mo.
CME Term SOFR at 0.00% Floor + 3.25%), 7.85%,
06/17/30
 
75
74,812
CCC Intelligent Solutions, Inc., Term Loan, (1-mo. CME
Term SOFR + 2.36%), 7.21%, 09/21/28
 
377
376,705
Central Parent, Inc., 2024 Term Loan B, (3-mo. CME
Term SOFR at 0.00% Floor + 3.25%), 7.85%,
07/06/29
 
467
461,389
Cloud Software Group, Inc.
 
2024 Third Amendment Term Loan, (3-mo. CME Term
SOFR at 0.50% Floor + 4.50%), 9.10%, 03/21/31
 
147
147,306
2024 USD Term Loan B, (3-mo. CME Term SOFR at
0.50% Floor + 4.00%), 8.60%, 03/30/29
 
846
841,974
Cloudera, Inc.
 
2021 Second Lien Term Loan, (1-mo. CME Term
SOFR at 0.50% Floor + 6.10%), 10.95%, 10/08/29
 
113
105,844
2021 Term Loan, (1-mo. CME Term SOFR at 0.50%
Floor + 3.85%), 8.70%, 10/08/28
 
306
296,954
Cotiviti, Inc., 2024 Term Loan, (1-mo. CME Term SOFR
+ 3.25%), 8.45%, 05/01/31
 
358
358,051
Dayforce, Inc., Term Loan B, (1-mo. CME Term SOFR at
0.00% Floor + 2.50%), 7.35%, 02/26/31
 
295
294,522
DS Admiral Bidco LLC, 2024 Term Loan B, (3-mo. CME
Term SOFR at 0.00% Floor + 4.25%), 8.92%,
06/26/31(d)
 
101
96,960
Dun & Bradstreet Corp., 2024 Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 2.75%), 7.61%,
01/18/29
 
1,199
1,197,828
Ellucian Holdings, Inc., 2024 Term Loan B, (1-mo. CME
Term SOFR at 0.50% Floor + 3.60%), 8.45%,
10/09/29
 
360
360,720
Schedule of Investments
25
Schedule of Investments (unaudited)(continued)
September 30, 2024
BlackRock Credit Allocation Income Trust (BTZ)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
Software (continued)
Epicor Software Corp., 2024 Term Loan E, (1-mo. CME
Term SOFR at 0.00% Floor + 3.25%), 8.10%,
05/30/31
USD
150
$ 150,113
Genesys Cloud Services Holdings II LLC
 
First Lien Term Loan B, (1-mo. CME Term SOFR at
0.75% Floor + 3.50%), 8.35%, 12/01/27
 
410
410,883
Term Loan B, (1-mo. CME Term SOFR at 0.75%
Floor + 3.75%), 8.71%, 12/01/27
 
153
153,250
Helios Software Holdings, Inc., 2024 Term Loan, (3-mo.
CME Term SOFR at 0.00% Floor + 3.75%), 8.35%,
07/18/30
 
151
150,573
Informatica LLC, 2024 Term Loan B, (1-mo. CME Term
SOFR at 0.00% Floor + 2.25%), 7.10%, 10/27/28
 
417
415,823
Mitchell International, Inc.
 
2024 1st Lien Term Loan, (1-mo. CME Term SOFR +
3.25%), 8.10%, 06/17/31
 
295
290,404
2024 2nd Lien Term Loan, (1-mo. CME Term SOFR +
5.25%), 10.10%, 06/17/32
 
71
69,698
Modena Buyer LLC, Term Loan, (3-mo. CME Term
SOFR at 0.00% Floor + 4.50%), 9.10%, 07/01/31
 
110
105,073
Planview Parent, Inc., 2024 Term Loan, (3-mo. CME
Term SOFR at 0.00% Floor + 3.75%), 8.35%,
12/17/27
 
36
35,910
PointClickCare Technologies, Inc., 2024 Term Loan B,
(3-mo. CME Term SOFR at 0.75% Floor + 3.00%),
7.60%, 12/29/27(d)
 
98
97,388
Polaris Newco LLC, USD Term Loan B, (3-mo. CME
Term SOFR at 0.50% Floor + 4.26%), 9.51%,
06/02/28
 
621
609,901
Project Boost Purchaser LLC, 2024 Term Loan, (3-mo.
CME Term SOFR at 0.00% Floor + 3.50%), 8.79%,
07/16/31
 
144
143,878
Quartz Acquireco LLC, 2024 Term Loan B1, (3-mo. CME
Term SOFR at 0.00% Floor + 2.75%), 7.35%,
06/28/30
 
119
118,440
RealPage, Inc., 1st Lien Term Loan, (1-mo. CME Term
SOFR + 3.11%), 7.96%, 04/24/28
 
366
354,648
Severin Acquisition LLC, 2018 Term Loan B, (3-mo.
CME Term SOFR + 3.00%), 8.25%, 08/01/27
 
155
155,384
SS&C Technologies, Inc., 2024 Term Loan B8, (1-mo.
CME Term SOFR at 0.00% Floor + 2.00%), 6.85%,
05/09/31
 
284
283,729
Thunder Generation Funding LLC, Term Loan B,
09/27/31(d)(n)
 
98
97,877
UKG, Inc., 2024 Term Loan B, (3-mo. CME Term SOFR
at 0.00% Floor + 3.25%), 8.55%, 02/10/31
 
503
502,562
Veritas U.S., Inc., 2021 USD Term Loan B, (1-mo. CME
Term SOFR at 1.00% Floor + 5.11%), 9.96%,
09/01/25
 
137
128,039
VS Buyer LLC, 2024 Term Loan B, (1-mo. CME Term
SOFR + 3.25%), 8.35%, 04/11/31
 
328
327,912
Waystar Technologies, Inc., 2024 USD Term Loan B,
(1-mo. CME Term SOFR at 0.00% Floor + 2.75%),
7.60%, 10/22/29
 
84
84,271
 
 
10,573,680
Security
 
Par
(000)
Value
Specialty Retail — 0.0%
LS Group OpCo Acquistion LLC, 2024 Term Loan B,
(1-mo. CME Term SOFR at 0.00% Floor + 3.00%),
7.85%, 04/23/31
USD
65
$ 64,795
PetSmart LLC, 2021 Term Loan B, (1-mo. CME Term
SOFR at 0.75% Floor + 3.85%), 8.70%, 02/11/28
 
113
112,490
Restoration Hardware, Inc.
 
2022 Incremental Term Loan, (1-mo. CME Term
SOFR at 0.50% Floor + 3.35%), 8.20%, 10/20/28
 
74
71,384
Term Loan B, (1-mo. CME Term SOFR at 0.50%
Floor + 2.61%), 7.46%, 10/20/28
 
90
86,192
 
 
334,861
Technology Hardware, Storage & Peripherals — 0.1%
Cubic Corp.
 
Term Loan B, (3-mo. CME Term SOFR at 0.75%
Floor + 4.51%), 9.57%, 05/25/28
 
504
388,374
Term Loan C, (3-mo. CME Term SOFR at 0.75%
Floor + 4.51%), 9.57%, 05/25/28
 
78
59,883
 
 
448,257
Textiles, Apparel & Luxury Goods — 0.0%
ABG Intermediate Holdings 2 LLC, 2024 Term Loan B,
(1-mo. CME Term SOFR at 0.00% Floor + 2.75%),
7.60%, 12/21/28
 
188
187,935
Fanatics Commerce Intermediate Holdco LLC, Term
Loan B, (1-mo. CME Term SOFR + 3.36%), 8.21%,
11/24/28
 
86
85,156
Hanesbrands, Inc., 2023 Term Loan B, (1-mo. CME
Term SOFR at 0.50% Floor + 3.75%), 8.60%,
03/08/30
 
57
56,987
 
 
330,078
Trading Companies & Distributors — 0.1%
American Builders & Contractors Supply Co., Inc.,
2024 Term Loan B, (1-mo. CME Term SOFR at
0.00% Floor + 1.75%), 6.60%, 01/31/31
 
206
205,696
Core & Main LP
 
2024 Incremental Term Loan B, (1-mo. CME Term
SOFR at 0.00% Floor + 2.25%), 7.11%, 02/09/31
 
92
92,535
2024 Term Loan B, (1-mo. CME Term SOFR at
0.00% Floor + 2.00%), 6.86%, 07/27/28
 
549
547,622
Dealer Tire Financial LLC, 2024 Term Loan B, (1-mo.
CME Term SOFR + 3.50%), 8.35%, 07/02/31
 
182
182,224
Gates Corp., 2024 Term Loan B5, (1-mo. CME Term
SOFR + 2.25%), 7.10%, 06/04/31
 
177
176,791
PAI Holdco, Inc., 2020 Term Loan B, (3-mo. CME Term
SOFR at 0.75% Floor + 4.01%), 9.26%, 10/28/27
 
160
146,544
TMK Hawk Parent Corp.(d)
 
2024 PIK Term Loan, (3-mo. CME Term SOFR +
11.00%), 11.00%, 12/15/31
 
2
1,410
2024 Term Loan B, (1-mo. CME Term SOFR at
1.00% Floor + 5.25%), 10.17%, 06/30/29
 
69
44,960
 
 
1,397,782
26
Schedule of Investments (unaudited)(continued)
September 30, 2024
BlackRock Credit Allocation Income Trust (BTZ)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
Transportation Infrastructure — 0.0%
AIT Worldwide Logistics Holdings, Inc., 2021 Term Loan,
(3-mo. CME Term SOFR at 0.75% Floor + 4.85%),
9.97%, 04/06/28
USD
97
$ 97,243
OLA Netherlands BV, Term Loan, (1-mo. CME Term
SOFR at 0.75% Floor + 6.35%), 11.20%, 12/15/26
 
121
120,124
 
 
217,367
Total Floating Rate Loan Interests — 7.2%
(Cost: $79,572,187)
78,938,896
Foreign Agency Obligations
Brazil — 0.5%
Brazilian Government International Bond, 5.00%,
01/27/45
 
6,525
5,373,337
China — 0.0%
China Development Bank/Hong Kong, 2.00%,
02/16/27(h)
 
200
192,500
Export-Import Bank of China, 3.38%, 03/14/27(h)
 
200
198,020
 
 
390,520
Colombia — 0.3%
Colombia Government International Bond, 5.63%,
02/26/44(g)
 
4,000
3,220,000
Hong Kong — 0.0%
Airport Authority, 3.25%, 01/12/52(h)
 
200
157,852
India — 0.0%
Export-Import Bank of India, 3.88%, 02/01/28(h)
 
200
196,313
Indonesia — 0.2%
Indonesia Government International Bond
 
4.65%, 09/20/32
 
250
252,344
4.85%, 01/11/33
 
200
204,187
5.25%, 01/17/42(h)
 
200
207,937
4.75%, 07/18/47(g)(h)
 
200
196,938
3.70%, 10/30/49
 
200
165,000
3.50%, 02/14/50(g)
 
200
159,362
Perusahaan Penerbit SBSN Indonesia III(h)
 
1.50%, 06/09/26
 
200
191,063
4.40%, 06/06/27
 
200
201,758
 
 
1,578,589
Mexico — 0.5%
Mexico Government International Bond, 4.75%,
03/08/44
 
5,800
4,910,062
Pakistan — 0.1%
Pakistan Government International Bond(h)
 
6.00%, 04/08/26
 
450
420,750
7.38%, 04/08/31
 
200
169,250
 
 
590,000
Philippines — 0.0%
Philippines Government International Bond
 
3.70%, 03/01/41
 
300
260,667
2.65%, 12/10/45
 
200
140,875
 
 
401,542
Republic of Korea — 0.0%
Korea National Oil Corp., 4.88%, 04/03/29(h)
 
200
203,960
Security
 
Par
(000)
Value
Saudi Arabia — 0.0%
Saudi Government International Bond(h)
 
4.00%, 04/17/25
USD
200
$ 199,187
4.50%, 10/26/46
 
200
176,250
 
 
375,437
South Korea — 0.1%
Export-Import Bank of Korea, 1.63%, 01/18/27
 
200
189,480
Korea Development Bank
 
2.00%, 02/24/25
 
200
197,670
4.38%, 02/15/33
 
200
199,058
Korea Expressway Corp., 1.13%, 05/17/26(h)
 
200
189,978
 
 
776,186
United Arab Emirates — 0.0%
Sharjah Sukuk Program Ltd., 6.09%, 03/19/34(h)
 
250
267,718
Uruguay — 0.3%
Uruguay Government International Bond, 5.10%,
06/18/50(g)
 
3,500
3,487,750
Total Foreign Agency Obligations — 2.0%
(Cost: $24,242,657)
21,929,266
 
 
 
 
Shares
 
Investment Companies
Fixed Income Funds — 0.3%
Invesco Senior Loan ETF
 
170,000
3,571,700
Total Investment Companies — 0.3%
(Cost: $3,564,061)
3,571,700
 
 
 
Par
(000)
 
Municipal Bonds
New York — 1.0%
Metropolitan Transportation Authority, RB, BAB, 6.55%,
11/15/31
USD
10,000
10,745,436
Total Municipal Bonds — 1.0%
(Cost: $9,833,900)
10,745,436
Preferred Securities
Capital Trusts — 12.3%
Automobiles — 0.2%
General Motors Financial Co., Inc., Series C, 5.70%(a)(j)
 
2,565
2,510,190
Banks — 6.1%
Bangkok Bank PCL/Hong Kong, 4.00%(a)(h)(j)
 
300
287,250
Barclays PLC(a)(j)
 
4.38%
 
1,630
1,458,950
9.63%
 
3,340
3,760,553
BNP Paribas SA, 7.38%(a)(b)(j)
 
4,535
4,575,733
Citigroup, Inc., Series BB, 7.20%(a)(j)
 
6,750
7,146,650
HDFC Bank Ltd., 3.70%(a)(h)(j)
 
200
190,434
HSBC Capital Funding Dollar 1 LP, 10.18%(a)(b)(j)
 
11,835
15,368,789
Industrial & Commercial Bank of China Ltd.,
3.20%(a)(h)(j)
 
300
292,650
JPMorgan Chase & Co., 8.75%, 09/01/30(g)
 
2,000
2,425,249
Lloyds Banking Group PLC, 7.50%(a)(j)
 
8,285
8,360,750
Macquarie Bank Ltd., 6.13%(a)(b)(j)
 
1,885
1,915,995
Schedule of Investments
27
Schedule of Investments (unaudited)(continued)
September 30, 2024
BlackRock Credit Allocation Income Trust (BTZ)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
Banks (continued)
Mitsubishi UFJ Financial Group, Inc., 8.20%(a)(j)
USD
425
$ 469,085
NatWest Group PLC(a)(j)
 
8.13%
 
5,275
5,754,666
8.00%
 
970
985,115
Nordea Bank Abp, 6.63%(a)(b)(j)
 
5,540
5,607,616
PNC Financial Services Group, Inc.(a)(j)
 
Series V, 6.20%(g)
 
5,529
5,628,506
Series W, 6.25%
 
1,250
1,269,365
Rizal Commercial Banking Corp., 6.50%(a)(h)(j)
 
700
697,156
Standard Chartered PLC, 7.88%(a)(h)(j)
 
400
422,700
 
 
66,617,212
Capital Markets(a)(j) — 2.0%
Goldman Sachs Group, Inc., Series Y, 6.13%
 
10,925
10,972,360
UBS Group AG(b)
 
7.75%
 
4,845
5,180,293
Series NC10, 9.25%
 
4,807
5,669,059
 
 
21,821,712
Electric Utilities — 0.8%
PPL Capital Funding, Inc., Series A, 7.53%, 03/30/67(a)
 
8,300
8,189,323
Energy Equipment & Services — 0.5%
Venture Global LNG, Inc., 9.00%(a)(b)(j)
 
4,999
5,067,131
Financial Services(a)(h)(j) — 0.0%
NWD Finance BVI Ltd., 4.13%
 
209
133,369
Royal Capital BV, 5.00%
 
200
199,620
 
 
332,989
Independent Power and Renewable Electricity Producers — 0.1%
Vistra Corp., 7.00%(a)(b)(j)
 
1,255
1,281,109
Insurance — 1.7%
ACE Capital Trust II, 9.70%, 04/01/30(g)
 
7,000
8,553,075
Cathaylife Singapore Pte Ltd., 5.30%, 09/05/39(a)(h)
 
200
201,688
Equitable of Iowa Cos Capital Trust II, Series B, 8.42%,
04/01/27
 
5,000
4,824,080
Kyobo Life Insurance Co. Ltd., 5.90%, 06/15/52(a)(h)
 
200
204,875
MetLife, Inc., 6.40%, 12/15/66(g)
 
5,000
5,301,370
 
 
19,085,088
Multi-Utilities — 0.2%
Dominion Energy, Inc., Series B, 7.00%, 06/01/54(a)
 
1,810
1,976,207
Oil, Gas & Consumable Fuels — 0.2%
Enterprise Products Operating LLC, 8.05%, 06/01/67(a)
 
2,500
2,475,070
Passenger Airlines(a)(h)(j) — 0.0%
Airport Authority
 
2.10%
 
200
193,350
2.40%
 
200
187,936
 
 
381,286
Wireless Telecommunication Services — 0.5%
Vodafone Group PLC, 7.00%, 04/04/79(a)
 
4,745
5,005,595
 
134,742,912
 
 
 
 
Shares
 
Preferred Stocks — 0.5%(d)(e)
Ground Transportation — 0.0%
Sirva BGRS Holdings, Inc., 15.25%, 07/21/30
 
23
16,995
Security
 
 
Shares
Value
Interactive Media & Services — 0.5%
ByteDance Ltd., Series E-1, (Acquired 11/11/20, Cost:
$3,189,595)(f)
 
29,109
$     4,949,694
 
4,966,689
Total Preferred Securities — 12.8%
(Cost: $135,353,534)
139,709,601
Warrants
Consumer Discretionary — 0.0%
Service King (Carnelian Point), (Exercisable 01/14/23,
1 Share for 1 Warrant, Expires 06/30/27, Strike Price
USD 10.00)(e)
 
321
—
Total Warrants — 0.0%
(Cost: $ — )
—
Total Long-Term Investments — 151.9%
(Cost: $1,634,527,710)
1,662,579,872
Short-Term Securities
Money Market Funds — 0.8%
BlackRock Liquidity Funds, T-Fund, Institutional Shares,
4.83%(o)(p)
 
8,837,995
8,837,995
Total Short-Term Securities — 0.8%
(Cost: $8,837,995)
8,837,995
Options Purchased — 0.3%
(Cost: $1,488,891)
3,934,700
Total Investments Before Options Written — 153.0%
(Cost: $1,644,854,596)
1,675,352,567
Options Written — (0.2)%
(Premiums Received: $(829,772))
(2,072,744
)
Total Investments, Net of Options Written — 152.8%
(Cost: $1,644,024,824)
1,673,279,823
Liabilities in Excess of Other Assets — (52.8)%
(578,557,497
)
Net Assets — 100.0%
$ 1,094,722,326
 
(a)
Variable rate security. Interest rate resets periodically. The rate shown is the effective
interest rate as of period end. Security description also includes the reference rate and
spread if published and available.
(b)
Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933,
as amended. These securities may be resold in transactions exempt from registration to
qualified institutional investors.
(c)
When-issued security.
(d)
Security is valued using significant unobservable inputs and is classified as Level 3 in the
fair value hierarchy.
(e)
Non-income producing security.
(f)
Restricted security as to resale, excluding 144A securities. The Trust held restricted
securities with a current value of $5,030,458, representing 0.5% of its net assets as of
period end, and an original cost of $3,299,073.
(g)
All or a portion of the security has been pledged as collateral in connection with
outstanding reverse repurchase agreements.
(h)
This security may be resold to qualified foreign investors and foreign institutional buyers
under Regulation S of the Securities Act of 1933.
(i)
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.
(j)
Perpetual security with no stated maturity date.
(k)
Convertible security.
(l)
Zero-coupon bond.
(m)
Issuer filed for bankruptcy and/or is in default.
(n)
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.
28
Schedule of Investments (unaudited)(continued)
September 30, 2024
BlackRock Credit Allocation Income Trust (BTZ)
 
(o)
Affiliate of the Trust.
(p)
Annualized 7-day yield as of period end.
For purposes of this report, industry and sector sub-classifications may differ from those utilized by the Trust for compliance purposes.
Affiliates
Investments in issuers considered to be affiliate(s) of the Trust during the period ended September 30, 2024 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows: 
Affiliated Issuer
Value at
12/31/23
Purchases
at Cost
Proceeds
from Sales
Net
Realized
Gain (Loss)
Change in
Unrealized
Appreciation
(Depreciation)
Value at
09/30/24
Shares
Held at
09/30/24
Income
Capital Gain
Distributions
from
Underlying
Funds
BlackRock Liquidity Funds, T-Fund, Institutional Shares
$ 16,341,334
$ —
$ (7,503,339
)(a)
$ —
$ —
$ 8,837,995
8,837,995
$ 423,644
$ —
 
(a)
Represents net amount purchased (sold).
Reverse Repurchase Agreements 
Counterparty
Interest
Rate
Trade
Date
Maturity
Date(a)
Face Value
Face Value
Including
Accrued Interest
Type of Non-Cash Underlying
Collateral
Remaining
Contractual Maturity
of the Agreements(a)
Morgan Stanley & Co. International PLC
4.65
%(b)
04/01/24
Open
$ 853,760
$ 875,977
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.92
(b)
06/07/24
Open
680,000
691,866
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.92
(b)
06/07/24
Open
1,353,809
1,377,433
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.92
(b)
06/07/24
Open
1,089,000
1,108,004
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.99
(b)
06/07/24
Open
620,310
631,275
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.92
(b)
06/12/24
Open
1,302,400
1,324,147
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.92
(b)
06/12/24
Open
329,065
334,560
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.92
(b)
06/12/24
Open
407,318
414,119
Corporate Bonds
Open/Demand
BNP Paribas SA
4.99
(b)
07/10/24
Open
276,581
280,078
Corporate Bonds
Open/Demand
BNP Paribas SA
4.99
(b)
07/10/24
Open
1,018,800
1,031,681
Corporate Bonds
Open/Demand
BNP Paribas SA
4.99
(b)
07/10/24
Open
139,338
141,099
Corporate Bonds
Open/Demand
RBC Capital Markets, LLC
5.00
(b)
07/10/24
Open
12,615,000
12,774,790
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.99
(b)
07/12/24
Open
3,949,091
3,997,818
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.99
(b)
07/12/24
Open
1,872,000
1,895,098
Corporate Bonds
Open/Demand
BNP Paribas SA
4.99
(b)
07/16/24
Open
909,315
919,980
Corporate Bonds
Open/Demand
BNP Paribas SA
4.99
(b)
07/16/24
Open
186,775
188,966
Corporate Bonds
Open/Demand
BNP Paribas SA
5.00
(b)
07/16/24
Open
4,017,254
4,063,778
Corporate Bonds
Open/Demand
BNP Paribas SA
4.82
(b)
07/17/24
Open
1,960,750
1,982,454
Corporate Bonds
Open/Demand
BNP Paribas SA
4.89
(b)
07/17/24
Open
720,338
728,416
Corporate Bonds
Open/Demand
BNP Paribas SA
4.95
(b)
07/17/24
Open
342,210
346,091
Corporate Bonds
Open/Demand
BNP Paribas SA
4.95
(b)
07/17/24
Open
4,903,125
4,958,728
Corporate Bonds
Open/Demand
BNP Paribas SA
4.95
(b)
07/17/24
Open
528,868
534,865
Corporate Bonds
Open/Demand
BNP Paribas SA
4.95
(b)
07/17/24
Open
373,000
377,230
Corporate Bonds
Open/Demand
BNP Paribas SA
4.95
(b)
07/17/24
Open
710,404
718,460
Corporate Bonds
Open/Demand
BNP Paribas SA
4.96
(b)
07/17/24
Open
284,816
288,052
Corporate Bonds
Open/Demand
BNP Paribas SA
4.96
(b)
07/17/24
Open
484,844
490,352
Corporate Bonds
Open/Demand
BNP Paribas SA
4.96
(b)
07/17/24
Open
331,038
334,798
Corporate Bonds
Open/Demand
BNP Paribas SA
4.97
(b)
07/17/24
Open
814,564
823,835
Corporate Bonds
Open/Demand
BNP Paribas SA
4.97
(b)
07/17/24
Open
1,053,675
1,065,668
Corporate Bonds
Open/Demand
BNP Paribas SA
4.98
(b)
07/17/24
Open
717,421
725,602
Corporate Bonds
Open/Demand
BNP Paribas SA
4.99
(b)
07/17/24
Open
548,616
554,883
Corporate Bonds
Open/Demand
BNP Paribas SA
4.99
(b)
07/17/24
Open
1,467,755
1,484,522
Corporate Bonds
Open/Demand
BNP Paribas SA
4.99
(b)
07/17/24
Open
245,340
248,143
Corporate Bonds
Open/Demand
BNP Paribas SA
4.99
(b)
07/17/24
Open
1,578,240
1,596,269
Corporate Bonds
Open/Demand
BNP Paribas SA
4.99
(b)
07/17/24
Open
361,848
365,981
Corporate Bonds
Open/Demand
BNP Paribas SA
4.99
(b)
07/17/24
Open
8,641,325
8,740,040
Corporate Bonds
Open/Demand
BNP Paribas SA
5.00
(b)
07/17/24
Open
2,511,250
2,539,990
Corporate Bonds
Open/Demand
BNP Paribas SA
5.00
(b)
07/17/24
Open
4,625,000
4,677,931
Corporate Bonds
Open/Demand
BNP Paribas SA
5.10
(b)
07/17/24
Open
567,788
574,054
Corporate Bonds
Open/Demand
Schedule of Investments
29
Schedule of Investments (unaudited)(continued)
September 30, 2024
BlackRock Credit Allocation Income Trust (BTZ)
 
Reverse Repurchase Agreements (continued)
Counterparty
Interest
Rate
Trade
Date
Maturity
Date(a)
Face Value
Face Value
Including
Accrued Interest
Type of Non-Cash Underlying
Collateral
Remaining
Contractual Maturity
of the Agreements(a)
Nomura Securities International, Inc.
4.98
%(b)
07/22/24
Open
$ 1,189,375
$ 1,202,213
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.98
(b)
07/22/24
Open
538,165
543,974
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.98
(b)
07/22/24
Open
356,570
360,419
Corporate Bonds
Open/Demand
BNP Paribas SA
4.80
(b)
07/26/24
Open
351,975
355,442
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.98
(b)
07/26/24
Open
137,336
138,735
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.98
(b)
07/29/24
Open
5,834,062
5,889,930
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.99
(b)
07/29/24
Open
11,137,500
11,244,349
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.99
(b)
07/29/24
Open
5,844,150
5,900,216
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.99
(b)
07/29/24
Open
2,168,631
2,189,436
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.99
(b)
07/29/24
Open
3,306,847
3,338,572
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.99
(b)
07/29/24
Open
2,290,219
2,312,190
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.99
(b)
07/29/24
Open
2,325,000
2,347,305
Capital Trusts
Open/Demand
TD Securities (USA) LLC
4.99
(b)
07/29/24
Open
4,356,000
4,397,790
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.99
(b)
07/29/24
Open
4,465,312
4,508,151
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.99
(b)
07/29/24
Open
4,062,500
4,101,474
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.99
(b)
07/29/24
Open
896,431
905,031
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.99
(b)
07/29/24
Open
2,709,175
2,735,166
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.99
(b)
07/29/24
Open
433,275
437,432
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.99
(b)
07/29/24
Open
14,349,125
14,486,519
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.99
(b)
07/29/24
Open
1,956,375
1,975,144
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.99
(b)
07/29/24
Open
1,425,462
1,439,138
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.99
(b)
07/29/24
Open
2,511,250
2,535,342
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.99
(b)
07/29/24
Open
3,130,312
3,160,343
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.99
(b)
07/29/24
Open
3,635,000
3,669,873
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.99
(b)
07/29/24
Open
2,903,062
2,930,913
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.99
(b)
07/29/24
Open
5,452,500
5,504,809
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.99
(b)
07/29/24
Open
577,500
583,040
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.99
(b)
07/29/24
Open
1,758,487
1,775,358
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.99
(b)
07/29/24
Open
3,027,500
3,056,545
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.99
(b)
07/29/24
Open
6,791,737
6,856,895
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.99
(b)
07/29/24
Open
560,210
565,584
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.99
(b)
07/29/24
Open
4,297,087
4,338,312
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.99
(b)
07/29/24
Open
1,546,726
1,561,565
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.99
(b)
07/29/24
Open
792,969
800,576
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.99
(b)
07/29/24
Open
6,941,625
7,008,220
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.99
(b)
07/29/24
Open
1,403,862
1,417,331
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.99
(b)
07/29/24
Open
4,977,912
5,025,669
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.99
(b)
07/29/24
Open
9,053,975
9,140,835
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.99
(b)
07/29/24
Open
824,670
832,582
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.99
(b)
07/29/24
Open
10,723,175
10,826,049
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.99
(b)
07/29/24
Open
4,902,219
4,949,249
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.99
(b)
07/29/24
Open
2,418,900
2,442,106
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.99
(b)
07/29/24
Open
900,691
909,332
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.99
(b)
07/29/24
Open
4,998,740
5,046,696
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.99
(b)
07/29/24
Open
1,043,250
1,053,259
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.99
(b)
07/29/24
Open
618,475
624,408
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.99
(b)
07/29/24
Open
2,920,942
2,948,965
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.99
(b)
07/29/24
Open
3,774,469
3,810,680
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.99
(b)
07/29/24
Open
582,800
588,391
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.99
(b)
07/29/24
Open
2,974,750
3,003,289
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.99
(b)
07/29/24
Open
855,512
863,720
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.99
(b)
07/29/24
Open
2,410,931
2,434,061
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.99
(b)
07/29/24
Open
2,574,687
2,599,388
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.99
(b)
07/29/24
Open
866,250
874,560
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.99
(b)
07/29/24
Open
3,080,000
3,109,548
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.99
(b)
07/29/24
Open
1,519,032
1,533,605
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.99
(b)
07/29/24
Open
3,431,366
3,464,285
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.99
(b)
07/29/24
Open
622,175
628,144
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.99
(b)
07/29/24
Open
1,232,381
1,244,204
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.99
(b)
07/29/24
Open
573,404
578,905
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.99
(b)
07/29/24
Open
3,026,719
3,055,756
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.99
(b)
07/29/24
Open
1,251,294
1,263,298
Corporate Bonds
Open/Demand
30
Schedule of Investments (unaudited)(continued)
September 30, 2024
BlackRock Credit Allocation Income Trust (BTZ)
 
Reverse Repurchase Agreements (continued)
Counterparty
Interest
Rate
Trade
Date
Maturity
Date(a)
Face Value
Face Value
Including
Accrued Interest
Type of Non-Cash Underlying
Collateral
Remaining
Contractual Maturity
of the Agreements(a)
TD Securities (USA) LLC
4.99
%(b)
07/29/24
Open
$ 8,085,000
$ 8,162,564
Capital Trusts
Open/Demand
TD Securities (USA) LLC
4.99
(b)
07/29/24
Open
4,320,016
4,361,461
Corporate Bonds
Open/Demand
BNP Paribas SA
4.85
(b)
07/30/24
Open
2,403,890
2,426,363
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.82
(b)
07/30/24
Open
245,825
248,074
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.82
(b)
07/30/24
Open
607,804
613,364
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.82
(b)
07/30/24
Open
205,520
207,400
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.82
(b)
07/30/24
Open
167,573
169,106
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.85
(b)
07/30/24
Open
3,179,531
3,208,783
Foreign Agency Obligations
Open/Demand
Nomura Securities International, Inc.
4.90
(b)
07/30/24
Open
666,711
672,902
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.97
(b)
07/30/24
Open
114,840
115,920
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.97
(b)
07/30/24
Open
176,415
178,074
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.97
(b)
07/30/24
Open
730,551
737,423
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.97
(b)
07/30/24
Open
213,263
215,269
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.97
(b)
07/30/24
Open
737,776
744,716
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.97
(b)
07/30/24
Open
171,000
172,609
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.97
(b)
07/30/24
Open
511,275
516,084
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.97
(b)
07/30/24
Open
303,357
306,210
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.97
(b)
07/30/24
Open
148,534
149,931
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.97
(b)
07/30/24
Open
435,225
439,319
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.97
(b)
07/30/24
Open
789,360
796,785
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.98
(b)
07/30/24
Open
513,559
518,399
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.98
(b)
07/30/24
Open
945,000
953,906
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.98
(b)
07/30/24
Open
180,250
181,949
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.98
(b)
07/30/24
Open
566,786
572,128
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.98
(b)
07/30/24
Open
733,388
740,299
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.98
(b)
07/30/24
Open
715,706
722,451
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.98
(b)
07/30/24
Open
602,213
607,888
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.98
(b)
07/30/24
Open
224,455
226,570
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.98
(b)
07/30/24
Open
416,875
420,804
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.98
(b)
07/30/24
Open
507,780
512,565
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.98
(b)
07/30/24
Open
192,173
193,983
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.98
(b)
07/30/24
Open
444,831
449,023
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.98
(b)
07/30/24
Open
141,623
142,957
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.98
(b)
07/30/24
Open
180,110
181,807
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.98
(b)
07/30/24
Open
166,815
168,387
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
5.20
(b)
07/30/24
Open
490,000
494,513
Corporate Bonds
Open/Demand
Goldman Sachs & Co. LLC
4.85
(b)
08/05/24
Open
1,273,376
1,283,955
Corporate Bonds
Open/Demand
Goldman Sachs & Co. LLC
4.85
(b)
08/05/24
Open
476,548
480,507
Corporate Bonds
Open/Demand
Goldman Sachs & Co. LLC
4.95
(b)
08/05/24
Open
842,500
849,631
Corporate Bonds
Open/Demand
Goldman Sachs & Co. LLC
4.95
(b)
08/05/24
Open
881,250
888,709
Corporate Bonds
Open/Demand
Goldman Sachs & Co. LLC
4.95
(b)
08/05/24
Open
1,907,500
1,923,645
Corporate Bonds
Open/Demand
RBC Capital Markets, LLC
4.75
(b)
08/05/24
Open
157,000
158,280
Corporate Bonds
Open/Demand
RBC Capital Markets, LLC
4.95
(b)
08/05/24
Open
4,554,156
4,592,702
Corporate Bonds
Open/Demand
RBC Capital Markets, LLC
5.00
(b)
08/05/24
Open
4,831,250
4,872,517
Corporate Bonds
Open/Demand
BNP Paribas SA
4.94
(b)
08/07/24
Open
198,653
200,301
Corporate Bonds
Open/Demand
BNP Paribas SA
4.99
(b)
08/07/24
Open
123,895
124,914
Corporate Bonds
Open/Demand
BNP Paribas SA
4.99
(b)
08/07/24
Open
174,098
175,529
Corporate Bonds
Open/Demand
BNP Paribas SA
4.99
(b)
08/07/24
Open
418,898
422,341
Corporate Bonds
Open/Demand
BNP Paribas SA
4.99
(b)
08/07/24
Open
543,128
547,593
Corporate Bonds
Open/Demand
BNP Paribas SA
4.99
(b)
08/07/24
Open
151,678
152,924
Corporate Bonds
Open/Demand
BNP Paribas SA
4.99
(b)
08/07/24
Open
311,036
313,593
Corporate Bonds
Open/Demand
BNP Paribas SA
4.99
(b)
08/07/24
Open
649,433
654,772
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.98
(b)
08/09/24
Open
245,478
247,455
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.98
(b)
08/09/24
Open
355,110
357,970
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.98
(b)
08/09/24
Open
144,180
145,341
Corporate Bonds
Open/Demand
BNP Paribas SA
4.92
(b)
08/14/24
Open
156,600
157,730
Corporate Bonds
Open/Demand
BNP Paribas SA
4.99
(b)
08/14/24
Open
955,312
962,292
Corporate Bonds
Open/Demand
RBC Capital Markets, LLC
5.00
(b)
08/27/24
Open
11,400,000
11,460,800
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.99
(b)
08/30/24
Open
4,643,625
4,666,221
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
5.00
(b)
08/30/24
Open
5,612,600
5,639,961
Corporate Bonds
Open/Demand
BNP Paribas SA
4.99
(b)
09/05/24
Open
129,979
130,492
Corporate Bonds
Open/Demand
BNP Paribas SA
4.99
(b)
09/05/24
Open
272,449
273,525
Corporate Bonds
Open/Demand
Schedule of Investments
31
Schedule of Investments (unaudited)(continued)
September 30, 2024
BlackRock Credit Allocation Income Trust (BTZ)
 
Reverse Repurchase Agreements (continued)
Counterparty
Interest
Rate
Trade
Date
Maturity
Date(a)
Face Value
Face Value
Including
Accrued Interest
Type of Non-Cash Underlying
Collateral
Remaining
Contractual Maturity
of the Agreements(a)
BNP Paribas SA
4.99
%(b)
09/10/24
Open
$ 206,965
$ 207,625
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.98
(b)
09/11/24
Open
175,219
175,750
Corporate Bonds
Open/Demand
BNP Paribas SA
4.99
(b)
09/16/24
Open
919,240
921,330
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.98
(b)
09/18/24
Open
111,861
112,081
Corporate Bonds
Open/Demand
J.P. Morgan Securities LLC
0.50
09/20/24
10/03/24
2,379,896
2,380,260
Corporate Bonds
Up to 30 Days
J.P. Morgan Securities LLC
4.75
09/20/24
10/03/24
3,493,125
3,498,195
Corporate Bonds
Up to 30 Days
J.P. Morgan Securities LLC
4.80
09/20/24
10/03/24
727,691
728,759
Corporate Bonds
Up to 30 Days
J.P. Morgan Securities LLC
4.85
09/20/24
10/03/24
924,481
925,851
Corporate Bonds
Up to 30 Days
J.P. Morgan Securities LLC
4.90
09/20/24
10/03/24
179,688
179,957
Corporate Bonds
Up to 30 Days
J.P. Morgan Securities LLC
4.95
09/20/24
10/03/24
145,755
145,975
Corporate Bonds
Up to 30 Days
J.P. Morgan Securities LLC
4.95
09/20/24
10/03/24
556,470
557,312
Corporate Bonds
Up to 30 Days
J.P. Morgan Securities LLC
4.95
09/20/24
10/03/24
3,056,250
3,060,873
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.65
09/20/24
10/10/24
819,060
820,224
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.65
09/20/24
10/10/24
442,520
443,149
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.70
09/20/24
10/10/24
437,900
438,529
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.75
09/20/24
10/10/24
145,676
145,888
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.75
09/20/24
10/10/24
508,380
509,118
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.80
09/20/24
10/10/24
668,539
669,519
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.80
09/20/24
10/10/24
368,238
368,778
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.85
09/20/24
10/10/24
2,360,447
2,363,945
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.85
09/20/24
10/10/24
781,088
782,245
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.85
09/20/24
10/10/24
1,009,582
1,011,079
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.85
09/20/24
10/10/24
938,400
939,791
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.85
09/20/24
10/10/24
968,681
970,117
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.85
09/20/24
10/10/24
2,298,750
2,302,157
Capital Trusts
Up to 30 Days
BofA Securities, Inc.
4.85
09/20/24
10/10/24
3,467,956
3,473,096
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.85
09/20/24
10/10/24
4,404,906
4,411,434
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.85
09/20/24
10/10/24
11,082,500
11,098,924
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.85
09/20/24
10/10/24
376,420
376,978
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.85
09/20/24
10/10/24
345,000
345,511
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.85
09/20/24
10/10/24
464,130
464,818
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.90
09/20/24
10/10/24
179,400
179,669
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.90
09/20/24
10/10/24
186,533
186,812
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.90
09/20/24
10/10/24
608,000
608,910
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.90
09/20/24
10/10/24
105,875
106,033
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.90
09/20/24
10/10/24
336,175
336,678
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.90
09/20/24
10/10/24
1,268,800
1,270,700
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.90
09/20/24
10/10/24
817,451
818,675
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.90
09/20/24
10/10/24
246,225
246,594
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.90
09/20/24
10/10/24
250,580
250,955
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.90
09/20/24
10/10/24
318,874
319,351
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.90
09/20/24
10/10/24
312,848
313,316
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.90
09/20/24
10/10/24
338,823
339,330
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.90
09/20/24
10/10/24
1,711,050
1,713,612
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.90
09/20/24
10/10/24
1,632,295
1,634,739
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.90
09/20/24
10/10/24
1,649,722
1,652,192
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.90
09/20/24
10/10/24
1,481,205
1,483,423
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.90
09/20/24
10/10/24
1,646,797
1,649,263
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.90
09/20/24
10/10/24
1,810,747
1,813,459
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.90
09/20/24
10/10/24
334,225
334,725
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.90
09/20/24
10/10/24
491,097
491,832
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.90
09/20/24
10/10/24
477,750
478,465
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.90
09/20/24
10/10/24
578,790
579,657
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.95
09/20/24
10/10/24
163,674
163,922
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.95
09/20/24
10/10/24
166,675
166,927
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.95
09/20/24
10/10/24
477,538
478,260
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.95
09/20/24
10/10/24
750,781
751,917
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.95
09/20/24
10/10/24
1,438,244
1,440,419
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.95
09/20/24
10/10/24
1,319,290
1,321,285
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.95
09/20/24
10/10/24
800,678
801,888
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.95
09/20/24
10/10/24
796,613
797,817
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.95
09/20/24
10/10/24
257,880
258,270
Corporate Bonds
Up to 30 Days
32
Schedule of Investments (unaudited)(continued)
September 30, 2024
BlackRock Credit Allocation Income Trust (BTZ)
 
Reverse Repurchase Agreements (continued)
Counterparty
Interest
Rate
Trade
Date
Maturity
Date(a)
Face Value
Face Value
Including
Accrued Interest
Type of Non-Cash Underlying
Collateral
Remaining
Contractual Maturity
of the Agreements(a)
BofA Securities, Inc.
4.95
% 
09/20/24
10/10/24
$ 259,740
$ 260,133
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.95
09/20/24
10/10/24
291,885
292,326
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.95
09/20/24
10/10/24
310,478
310,948
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.95
09/20/24
10/10/24
1,085,625
1,087,267
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.95
09/20/24
10/10/24
1,489,999
1,492,252
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.95
09/20/24
10/10/24
1,970,000
1,972,980
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.95
09/20/24
10/10/24
1,672,125
1,674,654
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.95
09/20/24
10/10/24
1,769,652
1,772,329
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.95
09/20/24
10/10/24
2,452,354
2,456,063
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.95
09/20/24
10/10/24
4,225,000
4,231,390
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.95
09/20/24
10/10/24
3,559,666
3,565,050
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.95
09/20/24
10/10/24
4,575,656
4,582,577
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.95
09/20/24
10/10/24
4,300,000
4,306,504
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.95
09/20/24
10/10/24
5,400,785
5,408,954
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.95
09/20/24
10/10/24
5,430,671
5,438,885
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.95
09/20/24
10/10/24
8,053,125
8,065,305
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.95
09/20/24
10/10/24
334,691
335,197
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.95
09/20/24
10/10/24
371,250
371,811
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.95
09/20/24
10/10/24
416,990
417,621
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.95
09/20/24
10/10/24
378,094
378,666
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.95
09/20/24
10/10/24
425,475
426,119
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.95
09/20/24
10/10/24
453,730
454,416
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.95
09/20/24
10/10/24
81,769
81,892
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.95
09/20/24
10/10/24
549,141
549,972
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.95
09/20/24
10/10/24
502,425
503,185
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.95
09/20/24
10/10/24
510,221
510,993
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.95
09/20/24
10/10/24
681,450
682,481
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.95
09/20/24
10/10/24
549,780
550,612
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.95
09/20/24
10/10/24
575,794
576,665
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.95
09/20/24
10/10/24
6,487,500
6,487,500
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.98
09/20/24
10/10/24
3,063,750
3,068,412
Capital Trusts
Up to 30 Days
BofA Securities, Inc.
4.98
09/20/24
10/10/24
2,801,250
2,805,513
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.99
09/20/24
10/10/24
5,742,225
5,750,980
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
5.00
09/20/24
10/10/24
5,412,359
5,420,628
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
5.00
09/20/24
10/10/24
2,988,000
2,992,565
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
5.00
09/20/24
10/10/24
3,011,452
3,016,053
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
5.00
09/20/24
10/10/24
5,075,000
5,082,753
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
5.00
09/20/24
10/10/24
4,546,650
4,553,596
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
5.00
09/20/24
10/10/24
4,512,000
4,518,893
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
5.00
09/20/24
10/10/24
6,385,294
6,395,049
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
5.00
09/20/24
10/10/24
5,205,200
5,213,152
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
5.00
09/20/24
10/10/24
5,879,331
5,888,314
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
5.00
09/20/24
10/10/24
7,343,475
7,354,694
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
5.00
09/20/24
10/10/24
10,102,719
10,118,153
Corporate Bonds
Up to 30 Days
BNP Paribas SA
4.90
(b)
09/23/24
Open
93,913
94,015
Corporate Bonds
Open/Demand
BNP Paribas SA
4.99
(b)
09/25/24
Open
3,029,884
3,032,404
Corporate Bonds
Open/Demand
Barclays Capital, Inc.
3.50
09/26/24
10/22/24
654,435
654,753
Corporate Bonds
Up to 30 Days
Barclays Capital, Inc.
3.50
09/26/24
10/22/24
152,430
152,504
Corporate Bonds
Up to 30 Days
Barclays Capital, Inc.
3.75
09/26/24
10/22/24
224,656
224,773
Corporate Bonds
Up to 30 Days
Barclays Capital, Inc.
4.25
09/26/24
10/22/24
3,634,547
3,636,693
Corporate Bonds
Up to 30 Days
Barclays Capital, Inc.
4.25
09/26/24
10/22/24
138,939
139,021
Foreign Agency Obligations
Up to 30 Days
Barclays Capital, Inc.
4.50
09/26/24
10/22/24
174,363
174,472
Foreign Agency Obligations
Up to 30 Days
Barclays Capital, Inc.
4.65
09/26/24
10/22/24
202,468
202,598
Corporate Bonds
Up to 30 Days
Barclays Capital, Inc.
4.87
09/26/24
10/22/24
3,647,002
3,649,468
Corporate Bonds
Up to 30 Days
Barclays Capital, Inc.
4.90
09/26/24
10/22/24
2,854,482
2,856,424
Foreign Agency Obligations
Up to 30 Days
Barclays Capital, Inc.
4.95
09/26/24
10/22/24
4,425,000
4,428,042
Corporate Bonds
Up to 30 Days
Barclays Capital, Inc.
4.95
09/26/24
10/22/24
2,586,256
2,588,034
Corporate Bonds
Up to 30 Days
Barclays Capital, Inc.
4.99
09/26/24
10/22/24
1,335,000
1,335,925
Corporate Bonds
Up to 30 Days
Barclays Capital, Inc.
4.99
09/26/24
10/22/24
3,338,325
3,340,639
Corporate Bonds
Up to 30 Days
Barclays Capital, Inc.
4.99
09/26/24
10/22/24
3,155,662
3,157,850
Corporate Bonds
Up to 30 Days
Barclays Capital, Inc.
4.99
09/26/24
10/22/24
2,159,375
2,160,872
Corporate Bonds
Up to 30 Days
Barclays Capital, Inc.
4.99
09/26/24
10/22/24
3,150,725
3,152,909
Corporate Bonds
Up to 30 Days
Schedule of Investments
33
Schedule of Investments (unaudited)(continued)
September 30, 2024
BlackRock Credit Allocation Income Trust (BTZ)
 
Reverse Repurchase Agreements (continued)
Counterparty
Interest
Rate
Trade
Date
Maturity
Date(a)
Face Value
Face Value
Including
Accrued Interest
Type of Non-Cash Underlying
Collateral
Remaining
Contractual Maturity
of the Agreements(a)
BNP Paribas SA
4.90
%(b)
09/26/24
Open
$ 1,195,962
$ 1,196,776
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.95
(b)
09/26/24
Open
2,451,150
2,452,835
Corporate Bonds
Open/Demand
RBC Capital Markets, LLC
4.65
(b)
09/26/24
Open
773,550
774,050
Corporate Bonds
Open/Demand
BofA Securities, Inc.
4.95
09/27/24
10/10/24
231,420
231,420
Corporate Bonds
Up to 30 Days
Barclays Capital, Inc.
4.99
09/27/24
10/22/24
10,337,500
10,337,500
Corporate Bonds
Up to 30 Days
Barclays Capital, Inc.
4.99
09/27/24
10/22/24
7,880,000
7,880,000
Corporate Bonds
Up to 30 Days
BNP Paribas SA
4.90
(b)
09/30/24
Open
2,125,920
2,125,920
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.98
(b)
09/30/24
Open
217,840
217,840
Corporate Bonds
Open/Demand
 
 
 
$ 584,782,853
$ 588,284,637
 
 
 
(a)
Certain agreements have no stated maturity and can be terminated by either party at any time.
(b)
Variable rate security. Rate as of period end and maturity is the date the principal owed can be recovered through demand.
Derivative Financial Instruments Outstanding as of Period End
Futures Contracts 
Description
Number of
Contracts
Expiration
Date
Notional
Amount (000)
Value/
Unrealized
Appreciation
(Depreciation)
Long Contracts 
10-Year U.S. Treasury Note
1,075
12/19/24
$ 122,953
$ 272,906
5-Year U.S. Treasury Note
922
12/31/24
101,377
256,424
 
529,330
Short Contracts 
10-Year U.S. Ultra Long Treasury Note
722
12/19/24
85,523
(36,742
)
U.S. Long Bond
830
12/19/24
103,205
403,299
Ultra U.S. Treasury Bond
86
12/19/24
11,462
48,848
S&P 500 E-Mini Index
38
12/20/24
11,047
(85,916
)
2-Year U.S. Treasury Note
69
12/31/24
14,371
(34,007
)
 
295,482
 
$ 824,812
Forward Foreign Currency Exchange Contracts 
Currency Purchased
Currency Sold
Counterparty
Settlement Date
Unrealized
Appreciation
(Depreciation)
USD
2,081,957
EUR
1,865,000
Deutsche Bank AG
12/18/24
$ (549
)
USD
93,281
GBP
71,000
Barclays Bank PLC
12/18/24
(1,626
)
 
 
 
 
 
 
$ (2,175
)
Exchange-Traded Options Purchased 
Description
Number of
Contracts
Expiration
Date
Exercise Price
Notional
Amount (000)
Value
Call 
 
 
3-Month SOFR Future
5,621
06/13/25
USD
97.00
USD
1,360,141
$ 3,934,700
Exchange-Traded Options Written 
Description
Number of
Contracts
Expiration
Date
Exercise Price
Notional
Amount (000)
Value
Call 
 
 
3-Month SOFR Future
5,621
06/13/25
USD
97.50
USD
1,360,141
$ (2,072,744
)
34
Schedule of Investments (unaudited)(continued)
September 30, 2024
BlackRock Credit Allocation Income Trust (BTZ)
 
Centrally Cleared Credit Default Swaps — Buy Protection 
Reference Obligation/Index
Financing
Rate Paid
by the Trust
Payment
Frequency
Termination
Date
Notional
Amount (000)
Value
Upfront
Premium
Paid
(Received)
Unrealized
Appreciation
(Depreciation)
CDX.NA.HY.41.V2
5.00
% 
Quarterly
12/20/28
USD
54,450
$ (4,284,974
)
$ (365,734
)
$ (3,919,240
)
Fair Value Hierarchy as of Period End
Various inputs are used in determining the fair value of financial instruments at the measurement date. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows: 
• Level 1 – Unadjusted price quotations in active markets/exchanges that the Trust has the ability to access for identical, unrestricted assets or liabilities;
• Level 2 – Inputs other than quoted prices included within level 1 that are observable for the asset or liability, either directly or indirectly; and
• Level 3 – Inputs that are unobservable and significant to the  entire fair value measurement for the asset or liability (including the Valuation Committee’s assumptions used in determining the fair value of financial instruments).
The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy.  In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Trust’s policy regarding valuation of financial instruments, refer to its most recent financial statements.
The following table summarizes the Trust’s financial instruments categorized in the fair value hierarchy.  The breakdown of the Trust’s financial instruments into major categories is disclosed in the Schedule of Investments above. 
 
Level 1
Level 2
Level 3
Total
Assets
Investments 
Long-Term Investments 
Asset-Backed Securities
$ —
$ 183,684,113
$ —
$ 183,684,113
Common Stocks
—
33,574
120,550
154,124
Corporate Bonds 
Advertising Agencies
—
13,412,302
—
13,412,302
Aerospace & Defense
—
47,275,104
—
47,275,104
Air Freight & Logistics
—
242,723
—
242,723
Automobile Components
—
9,658,446
—
9,658,446
Automobiles
—
17,111,240
—
17,111,240
Banks
—
106,676,933
—
106,676,933
Beverages
—
11,466,515
—
11,466,515
Biotechnology
—
6,006,014
—
6,006,014
Broadline Retail
—
1,134,572
—
1,134,572
Building Materials
—
12,697,941
—
12,697,941
Building Products
—
7,802,158
—
7,802,158
Capital Markets
—
12,660,151
—
12,660,151
Chemicals
—
28,723,981
—
28,723,981
Commercial Services & Supplies
—
43,864,874
—
43,864,874
Construction & Engineering
—
3,179,366
—
3,179,366
Consumer Finance
—
5,990,773
—
5,990,773
Consumer Staples Distribution & Retail
—
11,370,766
—
11,370,766
Containers & Packaging
—
15,490,206
—
15,490,206
Diversified REITs
—
25,319,001
—
25,319,001
Diversified Telecommunication Services
—
93,152,286
—
93,152,286
Electric Utilities
—
54,871,124
—
54,871,124
Electronic Equipment, Instruments & Components
—
6,343,894
—
6,343,894
Energy Equipment & Services
—
4,336,828
—
4,336,828
Entertainment
—
22,753,725
—
22,753,725
Environmental, Maintenance & Security Service
—
7,286,060
—
7,286,060
Financial Services
—
13,043,984
—
13,043,984
Schedule of Investments
35
Schedule of Investments (unaudited)(continued)
September 30, 2024
BlackRock Credit Allocation Income Trust (BTZ)
 
Fair Value Hierarchy as of Period End (continued)
 
Level 1
Level 2
Level 3
Total
Corporate Bonds (continued)
Food Products
$ —
$ 20,958,775
$ —
$ 20,958,775
Gas Utilities
—
114,464
—
114,464
Ground Transportation
—
20,448,947
—
20,448,947
Health Care Equipment & Supplies
—
10,825,750
—
10,825,750
Health Care Providers & Services
—
44,174,386
—
44,174,386
Health Care REITs
—
1,707,647
—
1,707,647
Hotel & Resort REITs
—
6,384,007
—
6,384,007
Hotels, Restaurants & Leisure
—
37,132,981
—
37,132,981
Household Durables
—
5,512,211
—
5,512,211
Household Products
—
327,901
—
327,901
Independent Power and Renewable Electricity Producers
—
2,893,272
—
2,893,272
Insurance
—
63,594,162
—
63,594,162
Interactive Media & Services
—
5,157,240
—
5,157,240
Internet Software & Services
—
6,201,016
—
6,201,016
IT Services
—
3,323,719
—
3,323,719
Leisure Products
—
116,578
—
116,578
Machinery
—
9,754,694
—
9,754,694
Media
—
59,639,799
—
59,639,799
Metals & Mining
—
25,129,991
—
25,129,991
Mortgage Real Estate Investment Trusts (REITs)
—
1,173,331
—
1,173,331
Oil, Gas & Consumable Fuels
—
141,396,534
—
141,396,534
Paper & Forest Products
—
17,230,646
—
17,230,646
Passenger Airlines
—
8,764,478
—
8,764,478
Personal Care Products
—
793,376
—
793,376
Pharmaceuticals
—
43,252,966
—
43,252,966
Real Estate Management & Development
1,541
7,951,589
—
7,953,130
Retail REITs
—
278,338
—
278,338
Semiconductors & Semiconductor Equipment
—
24,270,033
—
24,270,033
Software
—
33,298,965
—
33,298,965
Specialty Retail
—
1,794,226
—
1,794,226
Technology Hardware, Storage & Peripherals
—
5,567,497
—
5,567,497
Textiles, Apparel & Luxury Goods
—
965,037
—
965,037
Tobacco
—
23,272,890
—
23,272,890
Trading Companies & Distributors
—
1,952,291
—
1,952,291
Transportation Infrastructure
—
6,339,922
—
6,339,922
Fixed Rate Loan Interests
—
274,569
—
274,569
Floating Rate Loan Interests
—
77,103,615
1,835,281
78,938,896
Foreign Agency Obligations
—
21,929,266
—
21,929,266
Investment Companies
3,571,700
—
—
3,571,700
Municipal Bonds
—
10,745,436
—
10,745,436
Preferred Securities
Capital Trusts
—
134,742,912
—
134,742,912
Preferred Stocks
—
—
4,966,689
4,966,689
Warrants
—
—
—
—
Short-Term Securities 
Money Market Funds
8,837,995
—
—
8,837,995
Options Purchased 
Interest Rate Contracts
3,934,700
—
—
3,934,700
Liabilities
Unfunded Floating Rate Loan Interests(a)
—
(23
)
—
(23
)
 
$16,345,936
$1,652,084,088
$6,922,520
$1,675,352,544
Derivative Financial Instruments(b)
Assets 
Interest Rate Contracts
$ 981,477
$ —
$ —
$ 981,477
Liabilities 
Credit Contracts
—
(3,919,240
)
—
(3,919,240
)
Equity Contracts
(85,916
)
—
—
(85,916
)
36
Schedule of Investments (unaudited)(continued)
September 30, 2024
BlackRock Credit Allocation Income Trust (BTZ)
 
Fair Value Hierarchy as of Period End (continued)
 
Level 1
Level 2
Level 3
Total
Liabilities (continued)
Foreign Currency Exchange Contracts
$ —
$ (2,175
)
$ —
$ (2,175
)
Interest Rate Contracts
(2,143,493
)
—
—
(2,143,493
)
 
$(1,247,932
)
$(3,921,415
)
$—
$(5,169,347
)
 
(a)
Unfunded floating rate loan interests are valued at the unrealized appreciation (depreciation) on the commitment.
(b)
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 Trust 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 $590,827,424 are categorized as Level 2 within the fair value hierarchy.
 
Currency Abbreviation 
EUR
Euro
GBP
British Pound
USD
United States Dollar
 
Portfolio Abbreviation 
BAB
 Build America Bond
CLO
 Collateralized Loan Obligation
CMT
 Constant Maturity Treasury
DAC
 Designated Activity Company
ETF
 Exchange-Traded Fund
LIBOR
 London Interbank Offered Rate
PCL
 Public Company Limited
PIK
 Payment-in-Kind
PJSC
 Public Joint Stock Company
RB
 Revenue Bond
REIT
 Real Estate Investment Trust
S&P
 Standard & Poor’s
SOFR
 Secured Overnight Financing Rate
Schedule of Investments
37