NPORT-EX 2 NPORT_D2I7_58469974_0325.htm EDGAR HTML
March 31, 2025
2025 Quarterly Report
(Unaudited)
BlackRock Limited Duration Income Trust (BLW)
Not FDIC Insured • May Lose Value • No Bank Guarantee

Schedule of Investments (unaudited)
March 31, 2025
BlackRock Limited Duration Income Trust (BLW)
(Percentages shown are based on Net Assets)

Security
 
Par
(000)
Value
Asset-Backed Securities
AIMCO CLO, Series 2018-BA, Class CRR, (3-mo. CME
Term SOFR + 2.40%), 6.71%, 04/16/37(a)(b)
USD
500
$ 501,835
Anchorage Capital CLO Ltd., Series 2015-7A,
Class DR3, (3-mo. CME Term SOFR + 3.80%),
8.10%, 04/28/37(a)(b)
 
1,000
1,001,830
Apidos CLO XVIII-R(a)(b)
 
Series 2018-18A, Class A1R2, (3-mo. CME Term
SOFR + 1.33%), 5.70%, 01/22/38
 
2,255
2,255,203
Series 2018-18A, Class BR2, (3-mo. CME Term
SOFR + 1.70%), 6.07%, 01/22/38
 
1,353
1,349,104
Ares LXVIII CLO Ltd., Series 2023-68A, Class E, (3-mo.
CME Term SOFR + 8.55%), 12.85%, 04/25/35(a)(b)
 
620
621,343
Argent Securities Trust, Series 2006-W5, Class A1,
(1 mo. Term SOFR + 0.41%), 4.73%, 06/25/36(a)(c)
 
3,716
2,422,462
Bain Capital Credit CLO Ltd.(a)(b)
 
Series 2020-2A, Class DR, (3-mo. CME Term SOFR +
3.56%), 7.85%, 07/19/34
 
300
299,506
Series 2021-3A, Class D, (3-mo. CME Term SOFR +
3.36%), 7.66%, 07/24/34
 
250
250,000
Ballyrock CLO Ltd.(a)(b)
 
Series 2020-14AR, Class DR, (3-mo. CME Term
SOFR + 5.85%), 10.14%, 07/20/37
 
250
247,007
Series 2024-28A, Class A2, (3-mo. CME Term SOFR
+ 1.70%), 6.03%, 01/20/38
 
750
749,876
Benefit Street Partners CLO VIII Ltd., Series 2015-8A,
Class A2R, (3-mo. CME Term SOFR + 1.71%), 6.00%,
01/20/31(a)(b)(c)
 
700
699,866
Benefit Street Partners CLO XX Ltd., Series 2020-20A,
Class CR, (3-mo. CME Term SOFR + 2.31%), 6.61%,
07/15/34(a)(b)
 
250
250,126
BlueMountain CLO XXVIII Ltd., Series 2021-28A,
Class D, (3-mo. CME Term SOFR + 3.16%), 7.46%,
04/15/34(a)(b)
 
500
498,369
Bryant Park Funding Ltd., Series 2024-22A, Class C,
(3-mo. CME Term SOFR + 2.60%), 6.90%,
04/15/37(a)(b)
 
800
802,904
CarVal CLO II Ltd., Series 2019-1A, Class AR2, (3-mo.
CME Term SOFR + 1.02%), 5.31%, 04/20/32(a)(b)(c)
 
1,573
1,570,483
Cayuga Park CLO Ltd., Series 2020-1A, Class B1R,
(3-mo. CME Term SOFR + 1.91%), 6.21%,
07/17/34(a)(b)
 
250
249,669
Cedar Funding XIV CLO Ltd., Series 2021-14A,
Class B1R, (3-mo. CME Term SOFR + 1.70%),
6.00%, 10/15/37(a)(b)(c)
 
500
498,483
Cedar Funding XV CLO Ltd., Series 2022-15A, Class B,
(3-mo. CME Term SOFR + 1.80%), 6.09%,
04/20/35(a)(b)
 
450
447,957
CIFC Funding Ltd.(a)(b)
 
Series 2017-1A, Class CRR, (3-mo. CME Term SOFR
+ 2.45%), 6.74%, 04/21/37
 
550
551,940
Series 2018-1A, Class A1R, (3-mo. CME Term SOFR
+ 1.32%), 5.67%, 01/18/38
 
1,804
1,804,050
Series 2018-1A, Class BR, (3-mo. CME Term SOFR +
1.70%), 6.05%, 01/18/38
 
2,255
2,253,419
Series 2019-1A, Class D1R2, (3-mo. CME Term
SOFR + 3.05%), 7.34%, 10/20/37
 
500
496,336
Series 2020-4A, Class A1R, (3-mo. CME Term SOFR
+ 1.30%), 5.73%, 01/15/40
 
500
499,772
Series 2022-7A, Class ER, (3-mo. CME Term SOFR +
5.35%), 9.64%, 01/22/38
 
500
499,986
Citigroup Mortgage Loan Trust, Series 2006-FX1,
Class A7, 7.28%, 10/25/36
 
303
172,976
Security
 
Par
(000)
Value
Asset-Backed Securities (continued)
Concord Music Royalties LLC, Series 2024-1A, Class A,
5.64%, 10/20/74(b)
USD
272
$ 270,403
Creeksource Dunes Creek CLO Ltd., Series 2024-1A,
Class A1, (3-mo. CME Term SOFR + 1.41%), 5.74%,
01/15/38(a)(b)
 
500
500,496
CWABS Asset-Backed Certificates Trust, Series 2006-
26, Class 1A, (1 mo. Term SOFR + 0.39%), 4.71%,
06/25/37(a)
 
433
411,721
Dryden CLO Ltd., Series 2018-64A, Class D, (3-mo.
CME Term SOFR + 2.91%), 7.20%, 04/18/31(a)(b)
 
250
249,892
Elmwood CLO 14 Ltd., Series 2022-1A, Class E, (3-mo.
CME Term SOFR + 6.35%), 10.64%, 04/20/35(a)(b)
 
585
585,380
Elmwood CLO II Ltd., Series 2019-2A, Class ERR, (3-
mo. CME Term SOFR + 5.75%), 10.04%,
10/20/37(a)(b)
 
250
250,079
GoldenTree Loan Management U.S. CLO Ltd.,
Series 2021-11A, Class AR, (3-mo. CME Term SOFR
+ 1.08%), 5.37%, 10/20/34(a)(b)
 
280
279,634
Golub Capital Partners CLO Ltd., Series 2021-55A,
Class E, (3-mo. CME Term SOFR + 6.82%), 11.11%,
07/20/34(a)(b)
 
250
248,027
GoodLeap Home Improvement Solutions Trust,
Series 2025-1A, Class B, 6.27%, 02/20/49(b)
 
316
319,598
GreenSky Home Improvement Issuer Trust,
Series 2024-2, Class C, 5.55%, 10/27/59(b)
 
100
100,129
Madison Park Funding LXIII Ltd., Series 2023-63A,
Class E, (3-mo. CME Term SOFR + 8.57%), 12.86%,
04/21/35(a)(b)
 
400
398,733
Madison Park Funding XVIII Ltd., Series 2015-18A,
Class ARR, (3-mo. CME Term SOFR + 1.20%),
5.49%, 10/21/30(a)(b)
 
325
325,467
Madison Park Funding XXXVII Ltd., Series 2019-37A,
Class BR2, (3-mo. CME Term SOFR + 1.95%),
6.25%, 04/15/37(a)(b)
 
875
873,864
Madison Park Funding XXXVIII Ltd., Series 2021-38A,
Class B, (3-mo. CME Term SOFR + 1.91%), 6.21%,
07/17/34(a)(b)
 
250
249,769
Mariner Finance Issuance Trust, Series 2024-AA,
Class E, 9.02%, 09/22/36(b)
 
497
514,656
Neuberger Berman Loan Advisers CLO Ltd.(a)(b)
 
Series 2019-32A, Class ER, (3-mo. CME Term SOFR
+ 6.36%), 10.65%, 01/20/32
 
425
425,556
Series 2019-34A, Class BR, (3-mo. CME Term SOFR
+ 1.75%), 6.04%, 01/20/35
 
400
398,189
OCP CLO Ltd.(a)(b)
 
Series 2019-16A, Class DR, (3-mo. CME Term SOFR
+ 3.41%), 7.70%, 04/10/33
 
250
249,945
Series 2024-38A, Class A, (3-mo. CME Term SOFR +
1.33%), 5.68%, 01/21/38
 
1,000
1,000,095
Series 2026-11R, Class CR2, (3-mo. CME Term
SOFR + 2.35%), 6.65%, 04/26/36
 
800
798,658
Octagon 54 Ltd., Series 2021-1A, Class D, (3-mo. CME
Term SOFR + 3.31%), 7.61%, 07/15/34(a)(b)
 
250
249,298
Octagon Investment Partners XV Ltd., Series 2013-1A,
Class A1RR, (3-mo. CME Term SOFR + 1.23%),
5.52%, 07/19/30(a)(b)
 
447
446,488
Octagon Investment Partners XVII Ltd., Series 2013-1A,
Class BR2, (3-mo. CME Term SOFR + 1.66%),
5.96%, 01/25/31(a)(b)
 
250
249,828
OHA Credit Funding Ltd., Series 2019-4A, Class AR2,
(3-mo. CME Term SOFR + 1.29%), 5.58%,
01/22/38(a)(b)
 
300
300,039
1

Schedule of Investments (unaudited)(continued)
March 31, 2025
BlackRock Limited Duration Income Trust (BLW)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
Asset-Backed Securities (continued)
OZLM XXI Ltd., Series 2017-21A, Class D, (3-mo. CME
Term SOFR + 5.80%), 10.09%, 01/20/31(a)(b)
USD
250
$ 226,657
Palmer Square CLO Ltd., Series 2024-4A, Class B, (3-
mo. CME Term SOFR + 1.65%), 5.98%, 01/15/38(a)(b)
 
1,520
1,515,634
Regatta 30 Funding Ltd., Series 2024-4A, Class B, (3-
mo. CME Term SOFR + 1.65%), 5.96%, 01/25/38(a)(b)
 
1,600
1,598,098
Regatta XVIII Funding Ltd., Series 2021-1A, Class BR,
(3-mo. CME Term SOFR + 1.55%), 5.87%,
04/15/38(a)(b)
 
300
297,814
Regatta XXIV Funding Ltd., Series 2021-5A, Class D1R,
(3-mo. CME Term SOFR + 2.80%), 7.12%,
01/20/38(a)(b)
 
250
247,650
Regatta XXV Funding Ltd., Series 2025, Class E, (3-mo.
CME Term SOFR + 8.41%), 12.71%, 07/15/36(a)(b)
 
500
504,243
Regional Management Issuance Trust, Series 2021-3,
Class A, 3.88%, 10/17/33(b)(d)
 
980
931,000
Rockford Tower CLO Ltd.(a)(b)
 
Series 2017-2A, Class DR, (3-mo. CME Term SOFR +
3.11%), 7.41%, 10/15/29
 
500
500,004
Series 2021-3A, Class A1R, (3-mo. CME Term SOFR
+ 1.40%), 5.84%, 01/15/38(c)
 
2,977
2,973,688
RR Ltd., Series 2022-24A, Class A1A2, (3-mo. CME
Term SOFR + 1.31%), 5.65%, 01/15/37(a)(b)
 
250
250,131
Service Experts Issuer LLC, Series 2024-1A, Class A,
6.39%, 11/20/35(b)
 
193
196,076
Sound Point CLO XXII Ltd., Series 2019-1AR,
Class ARR, (3-mo. CME Term SOFR + 1.03%),
5.32%, 01/20/32(a)(b)
 
1,064
1,062,516
Sterling COOFS Trust(b)(d)
 
Series 2004-1, Class A, 2.36%, 04/15/29
 
607
Series 2004-2, Class Note, 2.08%, 03/30/30
 
495
Subway Funding LLC, Series 2024-1A, Class A2I,
6.03%, 07/30/54(b)
 
294
296,378
Symphony CLO Ltd., Series 2023-40A, Class AR, (3-mo.
CME Term SOFR + 1.31%), 5.73%, 01/05/38(a)(b)
 
500
500,010
Symphony CLO XXXII Ltd., Series 2022-32A, Class B,
(3-mo. CME Term SOFR + 1.85%), 6.14%,
04/23/35(a)(b)
 
300
299,159
TCI-Flatiron CLO Ltd., Series 18-1A, Class BR, (3-mo.
CME Term SOFR + 1.66%), 5.96%, 01/29/32(a)(b)
 
600
599,522
Trimaran CAVU Ltd.(a)(b)
 
Series 2021-1A, Class D1R, (3-mo. CME Term SOFR
+ 3.40%), 7.69%, 07/23/37
 
250
249,136
Series 2021-2A, Class D1, (3-mo. CME Term SOFR +
3.51%), 7.81%, 10/25/34
 
500
499,385
Unique Pub Finance Co. PLC, Series 02, Class N,
6.46%, 03/30/32(e)
GBP
21
28,177
Voya CLO Ltd., Series 2019-3A, Class BR, (3-mo. CME
Term SOFR + 1.91%), 6.21%, 10/17/32(a)(b)(c)
USD
500
499,382
Security
 
Par
(000)
Value
Asset-Backed Securities (continued)
Whitebox CLO II Ltd., Series 2020-2A, Class D1R2, (3-
mo. CME Term SOFR + 2.90%), 7.20%, 10/24/37(a)(b)
USD
500
$ 500,002
Whitebox CLO III Ltd., Series 2021-3A, Class DR, (3-mo.
CME Term SOFR + 2.85%), 7.15%, 10/15/35(a)(b)
 
250
248,959
Total Asset-Backed Securities — 8.5%
(Cost: $44,999,701)
44,714,067
 
 

Shares
 
Common Stocks
Construction & Engineering — 0.0%
Mcdermott International Ltd.(f)
 
382
6,303
Diversified Telecommunication Services — 0.0%
Wom New Holdco(d)
 
549
15,921
Womchi 2024
 
275,000
 
 
15,921
Entertainment — 0.0%
Learfield Communications LLC, (Acquired 09/06/23,
Cost: $36,292)(f)(g)
 
2,888
219,488
Financial Services — 0.1%
Aimbridge Acquisition Co., Inc.(d)(f)
 
9,110
605,775
NMG Parent LLC
 
1,330
142,850
 
 
748,625
Ground Transportation — 0.0%
Sirva BGRS Holdings, Inc.(f)
 
464
928
Health Care Providers & Services — 0.0%
Envision Healthcare Corp., (Acquired 11/03/23, Cost:
$280,194)(f)(g)
 
9,021
95,469
Household Products — 0.0%
Berkline Benchcraft Equity LLC(d)(f)
 
3,155
Industrial Conglomerates(d) — 0.0%
Ameriforge Group, Inc.
 
801
SVP SINGER(f)
 
4,245
20,164
 
 
20,164
IT Services — 0.1%
Travelport Finance Luxembourg SARL(d)(f)
 
90
252,521
Real Estate Management & Development — 0.0%
ADLER Group SA(d)(f)
 
33,168
1
Trading Companies & Distributors — 0.0%
TMK Hawk Parent Corp.(d)(f)
 
10,062
100,622
Transportation Infrastructure — 0.1%
Incora Top Holdco LLC(d)
 
9,437
235,925
Total Common Stocks — 0.3%
(Cost: $2,696,813)
1,695,967
Schedule of Investments
2

Schedule of Investments (unaudited)(continued)
March 31, 2025
BlackRock Limited Duration Income Trust (BLW)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
Corporate Bonds
Advertising Agencies — 1.1%
Clear Channel Outdoor Holdings, Inc.(b)(c)
 
5.13%, 08/15/27
USD
793
$ 766,418
7.75%, 04/15/28
 
330
283,649
9.00%, 09/15/28
 
1,338
1,374,212
7.50%, 06/01/29
 
1,045
863,020
7.88%, 04/01/30
 
657
644,152
CMG Media Corp., 8.88%, 06/18/29(b)
 
188
162,150
Interpublic Group of Cos., Inc., 5.40%, 10/01/48(c)
 
200
185,879
Lamar Media Corp., 4.00%, 02/15/30
 
40
37,046
Neptune Bidco U.S., Inc., 9.29%, 04/15/29(b)(c)
 
717
622,105
Outfront Media Capital LLC/Outfront Media Capital
Corp.(b)
 
5.00%, 08/15/27
 
88
86,491
4.25%, 01/15/29(c)
 
268
248,536
4.63%, 03/15/30
 
107
97,825
7.38%, 02/15/31(c)
 
295
307,247
Stagwell Global LLC, 5.63%, 08/15/29(b)(c)
 
101
96,183
 
 
5,774,913
Aerospace & Defense — 2.6%
AAR Escrow Issuer LLC, 6.75%, 03/15/29(b)
 
274
278,428
Bombardier, Inc.(b)
 
6.00%, 02/15/28(c)
 
542
534,867
7.50%, 02/01/29
 
9
9,231
8.75%, 11/15/30(c)
 
463
488,141
7.25%, 07/01/31(c)
 
180
180,612
7.00%, 06/01/32(c)
 
254
252,901
Efesto Bidco SpA Efesto U.S. LLC, Series XR, 7.50%,
02/15/32(b)
 
952
928,286
F-Brasile SpA/F-Brasile U.S. LLC, Series XR, 7.38%,
08/15/26(b)(c)
 
446
444,930
Goat Holdco LLC, 6.75%, 02/01/32(b)
 
358
350,389
Northrop Grumman Corp., 3.85%, 04/15/45(c)
 
600
473,934
Spirit AeroSystems, Inc.(b)(c)
 
9.38%, 11/30/29
 
524
558,991
9.75%, 11/15/30
 
456
503,353
TransDigm, Inc.(b)(c)
 
6.75%, 08/15/28
 
1,197
1,214,481
6.38%, 03/01/29
 
1,991
2,011,298
7.13%, 12/01/31
 
787
809,696
6.63%, 03/01/32
 
2,088
2,114,610
6.00%, 01/15/33
 
1,154
1,135,694
Triumph Group, Inc., 9.00%, 03/15/28(b)(c)
 
1,077
1,132,231
Wolverine Escrow LLC, 0.00%, 11/15/26(d)(f)(h)
 
662
 
 
13,422,073
Air Freight & Logistics(b) — 0.1%
Rand Parent LLC, 8.50%, 02/15/30
 
234
231,662
Stonepeak Nile Parent LLC, 7.25%, 03/15/32
 
114
116,199
 
 
347,861
Automobile Components — 1.0%
Aptiv Swiss Holdings Ltd., 4.40%, 10/01/46(c)
 
240
181,945
Clarios Global LP/Clarios U.S. Finance Co.
 
4.38%, 05/15/26(e)
EUR
200
215,890
8.50%, 05/15/27(b)(c)
USD
2,599
2,599,609
6.75%, 05/15/28(b)(c)
 
839
850,818
6.75%, 02/15/30(b)
 
240
242,287
Dana, Inc.
 
4.25%, 09/01/30
 
87
80,294
4.50%, 02/15/32
 
134
122,023
Security
 
Par
(000)
Value
Automobile Components (continued)
Garrett Motion Holdings, Inc./Garrett LX I SARL, 7.75%,
05/31/32(b)(c)
USD
112
$ 110,702
Goodyear Tire & Rubber Co.
 
5.25%, 04/30/31
 
13
11,727
5.63%, 04/30/33
 
109
97,362
IHO Verwaltungs GmbH, Series MAR, (7.00% PIK),
7.00%, 11/15/31(e)(i)
EUR
100
110,819
Mahle GmbH, 6.50%, 05/02/31(e)
 
100
106,730
Schaeffler AG(e)
 
04/01/28(j)
 
100
107,860
4.75%, 08/14/29
 
100
107,751
Tenneco, Inc., 8.00%, 11/17/28(b)
USD
413
393,896
 
 
5,339,713
Automobiles — 1.1%
Asbury Automotive Group, Inc., 4.50%, 03/01/28
 
146
140,565
Aston Martin Capital Holdings Ltd.
 
10.00%, 03/31/29(b)
 
200
180,835
10.38%, 03/31/29(e)
GBP
100
120,236
Carvana Co.(b)(i)
 
(9.00% PIK), 9.00%, 06/01/30
USD
730
773,462
(9.00% PIK), 9.00%, 06/01/31(c)
 
1,280
1,421,871
Cougar JV Subsidiary LLC, 8.00%, 05/15/32(b)
 
200
206,142
Ford Motor Credit Co. LLC, 5.13%, 06/16/25
 
200
199,867
General Motors Financial Co., Inc., 6.00%, 01/09/28(c)
 
1,000
1,025,579
Global Auto Holdings Ltd/AAG FH UK Ltd., 11.50%,
08/15/29(b)
 
200
195,440
LCM Investments Holdings II LLC(b)(c)
 
4.88%, 05/01/29
 
349
327,501
8.25%, 08/01/31
 
369
382,980
Nissan Motor Co. Ltd., 4.81%, 09/17/30(b)
 
400
379,935
RCI Banque SA(a)(e)
 
(5-year EURIBOR ICE Swap + 2.20%), 4.75%,
03/24/37
EUR
100
107,954
(5-year EURIBOR ICE Swap + 2.75%), 5.50%,
10/09/34
 
100
112,520
TML Holdings Pte. Ltd., 4.35%, 06/09/26(e)
USD
200
196,926
Wabash National Corp., 4.50%, 10/15/28(b)(c)
 
220
197,665
 
 
5,969,478
Banks — 1.8%
Abanca Corp. Bancaria SA, (5-year EURIBOR ICE Swap
+ 2.45%), 4.63%, 12/11/36(a)(e)
EUR
100
107,670
Banco Espirito Santo SA(f)(h)
 
4.75%, 01/15/22(a)
 
100
22,707
4.00%, 01/21/22
 
100
22,707
Bangkok Bank PCL/Hong Kong, (5-year CMT + 4.73%),
5.00%(a)(e)(k)
USD
501
497,493
Barclays Bank PLC, 1.00%, 02/16/29(c)(l)
 
359
355,151
Deutsche Bank AG, (1-day SOFR + 3.18%), 6.72%,
01/18/29(a)(c)
 
1,100
1,151,206
Intesa Sanpaolo SpA, 5.71%, 01/15/26(b)(c)
 
200
200,558
JPMorgan Chase & Co., (1-day SOFR + 1.13%), 5.00%,
07/22/30(a)(c)
 
2,600
2,623,533
Morgan Stanley, (1-day SOFR + 1.26%), 5.66%,
04/18/30(a)(c)
 
2,600
2,680,489
National Bank of Greece SA, (5-year EURIBOR ICE
Swap + 3.15%), 5.88%, 06/28/35(a)(e)
EUR
100
114,079
State Street Corp., Series I, (5-year CMT + 2.61%),
6.70%(a)(k)
USD
121
124,057
3

Schedule of Investments (unaudited)(continued)
March 31, 2025
BlackRock Limited Duration Income Trust (BLW)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
Banks (continued)
UBS AG/Stamford CT, 5.00%, 07/09/27(c)
USD
1,200
$ 1,213,816
Walker & Dunlop, Inc., 6.63%, 04/01/33(b)
 
143
142,643
 
 
9,256,109
Beverages — 0.1%
Anheuser-Busch Cos. LLC/Anheuser-Busch InBev
Worldwide, Inc., 4.90%, 02/01/46(c)
 
741
683,265
Building Materials — 1.6%
Builders FirstSource, Inc., 6.38%, 03/01/34(b)
 
195
193,500
EMRLD Borrower LP/Emerald Co-Issuer, Inc.
 
6.38%, 12/15/30(b)
EUR
160
178,025
6.38%, 12/15/30(e)
 
100
111,266
6.63%, 12/15/30(b)(c)
USD
2,202
2,202,976
6.75%, 07/15/31(b)
 
212
213,378
JELD-WEN, Inc., 7.00%, 09/01/32(b)(c)
 
486
431,160
New Enterprise Stone & Lime Co., Inc.(b)
 
5.25%, 07/15/28
 
81
78,290
9.75%, 07/15/28
 
300
301,579
Quikrete Holdings, Inc.(b)
 
6.38%, 03/01/32(c)
 
1,327
1,335,427
6.75%, 03/01/33
 
387
385,239
Smyrna Ready Mix Concrete LLC(b)(c)
 
6.00%, 11/01/28
 
446
432,737
8.88%, 11/15/31
 
972
1,007,027
Standard Building Solutions, Inc., 6.50%, 08/15/32(b)(c)
 
680
679,798
Standard Industries, Inc.(b)
 
4.75%, 01/15/28
 
2
1,936
4.38%, 07/15/30(c)
 
519
478,912
3.38%, 01/15/31(c)
 
353
306,922
Wilsonart LLC, 11.00%, 08/15/32(b)
 
305
279,851
 
 
8,618,023
Building Products(b)(c) — 0.5%
Beacon Roofing Supply, Inc., 6.50%, 08/01/30
 
249
261,936
GYP Holdings III Corp., 4.63%, 05/01/29
 
371
347,083
White Cap Buyer LLC, 6.88%, 10/15/28
 
1,933
1,855,202
 
 
2,464,221
Capital Markets — 1.0%
Apollo Debt Solutions BDC
 
6.90%, 04/13/29
 
44
45,653
6.70%, 07/29/31
 
195
201,190
6.55%, 03/15/32(b)
 
120
121,589
Ares Capital Corp., 5.80%, 03/08/32
 
75
74,549
Ares Strategic Income Fund(b)(c)
 
5.70%, 03/15/28
 
230
230,005
5.60%, 02/15/30
 
329
324,276
Bain Capital Specialty Finance, Inc., 5.95%, 03/15/30
 
70
68,797
Blackstone Private Credit Fund
 
6.25%, 01/25/31
 
66
67,101
6.00%, 11/22/34(b)(c)
 
725
697,458
Blue Owl Capital Corp. II, 8.45%, 11/15/26(c)
 
106
111,113
Blue Owl Credit Income Corp.
 
7.75%, 09/16/27(c)
 
214
223,351
6.60%, 09/15/29(b)
 
39
39,630
6.65%, 03/15/31(c)
 
270
275,371
Compass Group Diversified Holdings LLC, 5.25%,
04/15/29(b)(c)
 
214
201,879
Focus Financial Partners LLC, 6.75%, 09/15/31(b)
 
259
255,420
Golub Capital Private Credit Fund, 5.88%, 05/01/30(b)
 
99
98,026
HA Sustainable Infrastructure Capital, Inc., 6.38%,
07/01/34(b)(c)
 
281
277,738
Security
 
Par
(000)
Value
Capital Markets (continued)
HAT Holdings I LLC/HAT Holdings II LLC, 8.00%,
06/15/27(b)(c)
USD
205
$ 212,222
HPS Corporate Lending Fund, 6.75%, 01/30/29
 
85
87,558
Icahn Enterprises LP/Icahn Enterprises Finance Corp.
 
5.25%, 05/15/27(c)
 
654
621,765
9.75%, 01/15/29
 
240
238,564
4.38%, 02/01/29(c)
 
152
126,638
10.00%, 11/15/29(b)
 
372
369,395
JPMorgan Chase Financial Co. LLC, 0.50%,
06/15/27(c)(l)
 
300
314,250
Sixth Street Lending Partners, 6.13%, 07/15/30(b)
 
106
106,687
 
 
5,390,225
Chemicals — 1.7%
Avient Corp., 6.25%, 11/01/31(b)
 
158
156,513
Axalta Coating Systems Dutch Holding B BV, 7.25%,
02/15/31(b)(c)
 
273
281,554
Axalta Coating Systems LLC, 3.38%, 02/15/29(b)(c)
 
297
271,618
Celanese U.S. Holdings LLC
 
6.50%, 04/15/30
 
134
133,033
6.75%, 04/15/33
 
181
175,704
Chemours Co.
 
5.38%, 05/15/27
 
266
259,486
5.75%, 11/15/28(b)
 
228
210,294
4.63%, 11/15/29(b)(c)
 
174
148,519
8.00%, 01/15/33(b)
 
215
201,043
Element Solutions, Inc., 3.88%, 09/01/28(b)(c)
 
1,262
1,188,234
FIS Fabbrica Italiana Sintetici SpA, 5.63%, 08/01/27(e)
EUR
100
108,141
Herens Holdco SARL, 4.75%, 05/15/28(b)(c)
USD
212
190,709
Illuminate Buyer LLC/Illuminate Holdings IV, Inc., 9.00%,
07/01/28(b)(c)
 
267
265,388
INEOS Finance PLC, 6.38%, 04/15/29(e)
EUR
100
110,698
INEOS Quattro Finance 2 PLC(e)
 
8.50%, 03/15/29
 
100
113,348
6.75%, 04/15/30
 
100
107,938
Ingevity Corp., 3.88%, 11/01/28(b)
USD
84
78,403
Itelyum Regeneration SpA, 04/15/30(e)(j)
EUR
100
107,319
Kobe U.S. Midco 2, Inc., (9.25% Cash or 10.00% PIK),
9.25%, 11/01/26(b)(i)
USD
300
269,092
Mativ Holdings, Inc., 8.00%, 10/01/29(b)
 
153
131,868
Methanex U.S. Operations, Inc., 6.25%, 03/15/32(b)
 
229
223,054
Minerals Technologies, Inc., 5.00%, 07/01/28(b)
 
169
162,783
Olympus Water U.S. Holding Corp.
 
9.63%, 11/15/28(e)
EUR
100
112,591
9.75%, 11/15/28(b)(c)
USD
1,100
1,142,037
6.25%, 10/01/29(b)
 
200
175,486
7.25%, 06/15/31(b)
 
596
585,093
SK Invictus Intermediate II SARL, 5.00%, 10/30/29(b)(c)
 
362
339,527
WR Grace Holdings LLC(b)(c)
 
4.88%, 06/15/27
 
122
117,829
5.63%, 08/15/29
 
1,191
1,024,982
7.38%, 03/01/31
 
355
354,694
 
 
8,746,978
Commercial Services & Supplies — 3.7%
ADT Security Corp., 4.88%, 07/15/32(b)
 
148
138,156
Allied Universal Holdco LLC, 7.88%, 02/15/31(b)(c)
 
2,241
2,269,573
Allied Universal Holdco LLC/Allied Universal Finance
Corp., 6.00%, 06/01/29(b)(c)
 
1,156
1,062,342
Allied Universal Holdco LLC/Allied Universal Finance
Corp./Atlas Luxco 4 SARL, 4.63%, 06/01/28(b)(c)
 
1,543
1,458,781
APi Group DE, Inc.(b)
 
4.13%, 07/15/29
 
132
122,306
Schedule of Investments
4

Schedule of Investments (unaudited)(continued)
March 31, 2025
BlackRock Limited Duration Income Trust (BLW)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
Commercial Services & Supplies (continued)
APi Group DE, Inc.(b)(continued)
 
4.75%, 10/15/29
USD
100
$ 93,336
Arena Luxembourg Finance SARL, 05/01/30(a)(e)(j)
EUR
100
108,186
Belron UK Finance PLC, 5.75%, 10/15/29(b)(c)
USD
796
790,428
Boels Topholding BV, 5.75%, 05/15/30(e)
EUR
100
110,576
Brinks Co.(b)
 
6.50%, 06/15/29
USD
157
159,153
6.75%, 06/15/32
 
162
164,252
Deluxe Corp., 8.13%, 09/15/29(b)
 
132
132,770
EquipmentShare.com, Inc., 8.00%, 03/15/33(b)
 
138
138,956
Fortress Transportation and Infrastructure Investors
LLC(b)(c)
 
5.50%, 05/01/28
 
740
725,288
7.88%, 12/01/30
 
727
759,250
7.00%, 05/01/31
 
986
1,001,798
7.00%, 06/15/32
 
569
576,997
5.88%, 04/15/33
 
452
431,822
Garda World Security Corp.(b)
 
4.63%, 02/15/27(c)
 
360
350,405
7.75%, 02/15/28(c)
 
756
774,783
6.00%, 06/01/29
 
108
101,261
8.25%, 08/01/32
 
444
433,317
8.38%, 11/15/32(c)
 
1,007
990,092
Herc Holdings, Inc., 6.63%, 06/15/29(b)(c)
 
236
236,758
Hertz Corp., 12.63%, 07/15/29(b)
 
152
137,253
Loxam SAS, 6.38%, 05/31/29(e)
EUR
100
112,725
Mavis Tire Express Services Topco Corp., 6.50%,
05/15/29(b)
USD
125
118,307
Prime Security Services Borrower LLC/Prime Finance,
Inc., 6.25%, 01/15/28(b)(c)
 
127
127,100
Raven Acquisition Holdings LLC, 6.88%, 11/15/31(b)
 
222
215,576
RR Donnelley & Sons Co., 9.50%, 08/01/29(b)(c)
 
595
589,348
Service Corp. International(c)
 
5.13%, 06/01/29
 
238
231,786
3.38%, 08/15/30
 
273
243,293
4.00%, 05/15/31
 
370
335,116
5.75%, 10/15/32
 
641
629,934
Sothebys, 7.38%, 10/15/27(b)(c)
 
691
665,302
Sothebys/Bidfair Holdings, Inc., 5.88%, 06/01/29(b)(c)
 
453
397,711
Techem Verwaltungsgesellschaft 675 GmbH, 5.38%,
07/15/29(e)
EUR
100
109,664
Transurban Finance Co. Pty. Ltd., 4.13%, 02/02/26(b)(c)
USD
435
432,875
United Rentals North America, Inc., 6.13%, 03/15/34(b)
 
176
176,110
Verisure Holding AB, 9.25%, 10/15/27(e)
EUR
80
90,552
Veritiv Operating Co., 10.50%, 11/30/30(b)
USD
172
182,118
Wand NewCo 3, Inc., 7.63%, 01/30/32(b)(c)
 
682
697,923
Williams Scotsman, Inc.(b)
 
6.63%, 06/15/29
 
32
32,375
6.63%, 04/15/30
 
307
310,282
7.38%, 10/01/31(c)
 
378
389,270
 
 
19,355,206
Construction & Engineering — 0.5%
Arcosa, Inc.(b)
 
4.38%, 04/15/29(c)
 
286
268,028
6.88%, 08/15/32
 
31
31,428
Brand Industrial Services, Inc., 10.38%, 08/01/30(b)(c)
 
1,642
1,566,472
Cellnex Telecom SA, Series CLNX, 2.13%, 08/11/30(e)
EUR
100
114,186
Dycom Industries, Inc., 4.50%, 04/15/29(b)
USD
119
111,251
Security
 
Par
(000)
Value
Construction & Engineering (continued)
GMR Hyderabad International Airport Ltd., 4.25%,
10/27/27(e)
USD
200
$ 190,500
Heathrow Finance PLC, 4.13%, 09/01/29(e)(m)
GBP
100
117,618
 
 
2,399,483
Consumer Finance — 1.4%
Block, Inc.(c)
 
2.75%, 06/01/26
USD
406
393,783
3.50%, 06/01/31
 
104
91,437
6.50%, 05/15/32(b)
 
1,785
1,802,995
Boost Newco Borrower LLC, 7.50%, 01/15/31(b)(c)
 
800
832,749
Bread Financial Holdings, Inc., (5-year CMT + 4.30%),
8.38%, 06/15/35(a)(b)
 
82
80,182
Capital One Financial Corp., (1-day SOFR + 2.60%),
5.82%, 02/01/34(a)(c)
 
440
443,414
Equifax, Inc., 2.60%, 12/15/25
 
59
58,167
Global Payments, Inc., 1.50%, 03/01/31(c)(l)
 
404
380,568
Navient Corp., 9.38%, 07/25/30
 
162
172,577
Nexi SpA, 0.00%, 02/24/28(e)(n)
EUR
100
97,623
OneMain Finance Corp.
 
6.63%, 01/15/28
USD
139
140,031
6.63%, 05/15/29
 
247
247,462
5.38%, 11/15/29
 
50
47,567
7.88%, 03/15/30(c)
 
370
383,495
4.00%, 09/15/30
 
179
157,691
7.50%, 05/15/31
 
82
83,442
7.13%, 11/15/31
 
111
111,660
6.75%, 03/15/32
 
297
291,500
Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc.,
6.75%, 08/15/32(b)(c)
 
723
728,741
Shift4 Payments, Inc., 0.00%, 12/15/25(l)(n)
 
174
199,056
SLM Corp., 6.50%, 01/31/30
 
61
62,592
WEX, Inc., 6.50%, 03/15/33(b)
 
316
312,535
Worldline SA/France, 0.00%, 07/30/26(e)(n)
EUR
86
90,894
 
 
7,210,161
Consumer Staples Distribution & Retail — 0.1%
B&M European Value Retail SA, 6.50%, 11/27/31(e)
GBP
100
125,989
Walgreens Boots Alliance, Inc.
 
8.13%, 08/15/29
USD
151
154,186
4.80%, 11/18/44
 
100
90,536
 
 
370,711
Containers & Packaging — 2.0%
ARD Finance SA, (6.50% Cash or 7.25% PIK), 6.50%,
06/30/27(b)(i)
 
(o)
Ardagh Metal Packaging Finance USA LLC/Ardagh Metal
Packaging Finance PLC(b)
 
6.00%, 06/15/27(c)
 
400
394,435
3.25%, 09/01/28
 
200
179,253
4.00%, 09/01/29(c)
 
1,600
1,362,440
Ardagh Packaging Finance PLC/Ardagh Holdings USA,
Inc.
 
2.13%, 08/15/26(e)
EUR
200
199,771
4.13%, 08/15/26(b)
USD
602
552,913
Clydesdale Acquisition Holdings, Inc.(b)
 
6.63%, 04/15/29(c)
 
380
382,098
6.88%, 01/15/30(c)
 
515
518,906
8.75%, 04/15/30(c)
 
600
608,487
6.75%, 04/15/32
 
737
742,098
Graham Packaging Co., Inc., 7.13%, 08/15/28(b)
 
60
58,605
Graphic Packaging International LLC, 3.50%,
03/15/28(b)
 
9
8,469
5

Schedule of Investments (unaudited)(continued)
March 31, 2025
BlackRock Limited Duration Income Trust (BLW)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
Containers & Packaging (continued)
LABL, Inc.(b)
 
5.88%, 11/01/28
USD
191
$ 150,309
9.50%, 11/01/28(c)
 
504
426,122
8.63%, 10/01/31
 
347
258,515
Mauser Packaging Solutions Holding Co.(b)
 
7.88%, 04/15/27(c)
 
3,720
3,645,600
9.25%, 04/15/27
 
169
159,417
OI European Group BV
 
6.25%, 05/15/28(b)
EUR
115
127,614
5.25%, 06/01/29(e)
 
100
108,779
Owens-Brockway Glass Container, Inc., 6.63%,
05/13/27(b)
USD
39
38,786
Sealed Air Corp.(b)
 
4.00%, 12/01/27
 
72
69,305
5.00%, 04/15/29
 
59
57,302
Trident TPI Holdings, Inc., 12.75%, 12/31/28(b)
 
22
23,596
Trivium Packaging Finance BV, 5.50%, 08/15/26(b)
 
426
419,403
 
 
10,492,223
Diversified REITs — 0.9%
Digital Realty Trust LP, 1.88%, 11/15/29(b)(l)
 
85
84,175
Global Net Lease, Inc./Global Net Lease Operating
Partnership LP, 3.75%, 12/15/27(b)
 
108
101,649
Iron Mountain Information Management Services, Inc.,
5.00%, 07/15/32(b)
 
199
183,738
Iron Mountain, Inc.(b)
 
7.00%, 02/15/29(c)
 
702
717,952
5.25%, 07/15/30
 
23
22,053
5.63%, 07/15/32
 
19
18,164
6.25%, 01/15/33(c)
 
395
391,193
SBA Communications Corp., 3.13%, 02/01/29(c)
 
638
582,276
Uniti Group LP/Uniti Group Finance 2019, Inc./CSL
Capital LLC, 10.50%, 02/15/28(b)(c)
 
2,272
2,413,527
VICI Properties LP/VICI Note Co., Inc., 4.63%,
06/15/25(b)
 
75
74,981
 
 
4,589,708
Diversified Telecommunication Services — 4.7%
Altice Financing SA(b)
 
5.00%, 01/15/28
 
200
150,065
5.75%, 08/15/29(c)
 
524
383,297
AT&T, Inc., 4.30%, 02/15/30(c)
 
1,350
1,329,106
CommScope LLC(b)(c)
 
4.75%, 09/01/29
 
589
523,650
9.50%, 12/15/31
 
488
502,640
Connect Finco SARL/Connect U.S. Finco LLC, 9.00%,
09/15/29(b)
 
420
382,926
EchoStar Corp.(c)
 
(6.75% PIK), 6.75%, 11/30/30(i)
 
1,835
1,664,540
10.75%, 11/30/29
 
1,539
1,616,814
Eutelsat SA, 1.50%, 10/13/28(e)
EUR
100
84,528
Fibercop SpA(b)(c)
 
6.00%, 09/30/34
USD
242
220,407
7.20%, 07/18/36
 
358
344,740
Frontier Communications Holdings LLC
 
5.88%, 10/15/27(b)(c)
 
314
313,646
5.00%, 05/01/28(b)(c)
 
753
742,938
5.88%, 11/01/29
 
164
163,516
6.00%, 01/15/30(b)
 
244
244,540
8.75%, 05/15/30(b)(c)
 
1,730
1,822,437
8.63%, 03/15/31(b)(c)
 
371
395,178
Iliad Holding SASU
 
7.00%, 10/15/28(b)(c)
 
343
347,162
Security
 
Par
(000)
Value
Diversified Telecommunication Services (continued)
Iliad Holding SASU(continued)
 
5.38%, 04/15/30(e)
EUR
100
$ 108,619
8.50%, 04/15/31(b)(c)
USD
479
502,357
7.00%, 04/15/32(b)(c)
 
611
611,808
Intelsat Jackson Holdings SA, 6.50%, 03/15/30(b)
 
16
15,201
Kaixo Bondco Telecom SA, 5.13%, 09/30/29(e)
EUR
100
108,665
Kenbourne Invest SA(d)
 
12.50%, 01/31/31
USD
68
67,827
5.00%, 01/31/32
 
289
289,157
Level 3 Financing, Inc.(b)
 
10.50%, 04/15/29(c)
 
1,186
1,305,042
4.88%, 06/15/29(c)
 
771
652,197
11.00%, 11/15/29(c)
 
1,680
1,872,529
4.50%, 04/01/30
 
334
266,875
10.50%, 05/15/30
 
681
729,687
3.88%, 10/15/30
 
39
29,437
10.75%, 12/15/30(c)
 
511
565,026
Ligado Networks LLC, (15.50% PIK), 15.50%,
11/01/23(b)(f)(h)(i)
 
200
60,987
Lorca Telecom Bondco SA, 5.75%, 04/30/29(e)
EUR
100
112,510
Lumen Technologies, Inc.(b)
 
4.13%, 04/15/29
USD
200
188,156
4.13%, 04/15/30
 
200
186,892
10.00%, 10/15/32
 
221
221,069
Sable International Finance Ltd., 7.13%, 10/15/32(b)(c)
 
493
474,266
SoftBank Group Corp.(e)
 
3.38%, 07/06/29
EUR
100
102,737
3.88%, 07/06/32
 
200
200,040
Telecom Italia Capital SA, 7.72%, 06/04/38
USD
76
78,713
Verizon Communications, Inc., 3.70%, 03/22/61(c)
 
1,000
688,674
Viavi Solutions, Inc., 3.75%, 10/01/29(b)(c)
 
116
106,076
Windstream Escrow LLC/Windstream Escrow Finance
Corp., 8.25%, 10/01/31(b)(c)
 
1,284
1,307,249
Zayo Group Holdings, Inc.(b)
 
4.00%, 03/01/27
 
2,457
2,237,931
6.13%, 03/01/28
 
307
255,346
 
 
24,577,203
Electric Utilities — 2.4%
Alpha Generation LLC, 6.75%, 10/15/32(b)
 
337
337,219
Black Hills Corp., 3.15%, 01/15/27(c)
 
305
296,797
California Buyer Ltd./Atlantica Sustainable Infrastructure
PLC
 
5.63%, 02/15/32(e)
EUR
100
109,470
6.38%, 02/15/32(b)
USD
225
218,173
Calpine Corp.(b)
 
5.13%, 03/15/28(c)
 
865
851,072
4.63%, 02/01/29(c)
 
106
101,746
5.00%, 02/01/31
 
67
63,966
Clearway Energy Operating LLC(b)(c)
 
4.75%, 03/15/28
 
279
270,441
3.75%, 01/15/32
 
242
207,346
ContourGlobal Power Holdings SA, 6.75%, 02/28/30(b)
 
400
401,760
Edison International, Series A, (5-year CMT + 4.70%),
5.38%(a)(c)(k)
 
4,031
3,857,891
Enel Finance International NV, 3.63%, 05/25/27(b)(c)
 
900
881,097
FirstEnergy Corp., 4.00%, 05/01/26(l)
 
630
638,190
Lightning Power LLC, 7.25%, 08/15/32(b)
 
92
94,721
Mong Duong Finance Holdings BV, 5.13%, 05/07/29(e)
 
191
184,418
NRG Energy, Inc.(b)
 
5.75%, 07/15/29
 
268
262,965
6.00%, 02/01/33(c)
 
808
786,052
Schedule of Investments
6

Schedule of Investments (unaudited)(continued)
March 31, 2025
BlackRock Limited Duration Income Trust (BLW)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
Electric Utilities (continued)
NRG Energy, Inc.(b)(continued)
 
6.25%, 11/01/34(c)
USD
522
$ 513,862
Pattern Energy Operations LP/Pattern Energy
Operations, Inc., 4.50%, 08/15/28(b)
 
84
78,150
Pike Corp., 8.63%, 01/31/31(b)
 
89
93,789
Public Power Corp. SA, 4.63%, 10/31/31(e)
EUR
100
109,344
Southern Co., 4.50%, 06/15/27(b)(l)
USD
196
215,757
Star Energy Geothermal Wayang Windu Ltd., 6.75%,
04/24/33(e)
 
149
149,372
Texas Competitive Electric Holdings, Series M, 5.03%,
11/10/21(d)(f)(h)
 
780
Vistra Corp., (5-year CMT + 6.93%), 8.00%(a)(b)(k)
 
181
185,738
Vistra Operations Co. LLC(b)(c)
 
7.75%, 10/15/31
 
288
301,608
6.88%, 04/15/32
 
447
455,589
XPLR Infrastructure Operating Partners LP, 8.38%,
01/15/31(b)
 
759
746,390
 
 
12,412,923
Electronic Equipment, Instruments & Components — 0.4%
Coherent Corp., 5.00%, 12/15/29(b)(c)
 
374
356,782
Imola Merger Corp., 4.75%, 05/15/29(b)(c)
 
330
313,384
Nexans SA, 4.25%, 03/11/30(e)
EUR
100
109,085
Sensata Technologies BV, 4.00%, 04/15/29(b)
USD
168
154,409
Sensata Technologies, Inc.(b)
 
4.38%, 02/15/30(c)
 
483
446,180
3.75%, 02/15/31
 
54
47,150
6.63%, 07/15/32(c)
 
227
224,708
WESCO Distribution, Inc.(b)
 
6.63%, 03/15/32
 
185
187,668
6.38%, 03/15/33
 
260
261,313
Xerox Corp., 10/15/30(b)(j)
 
118
116,820
Zebra Technologies Corp., 6.50%, 06/01/32(b)
 
117
118,409
 
 
2,335,908
Energy Equipment & Services — 0.5%
Archrock Partners LP/Archrock Partners Finance Corp.(b)
 
6.88%, 04/01/27
 
91
91,049
6.25%, 04/01/28(c)
 
348
348,267
6.63%, 09/01/32(c)
 
501
502,968
Halliburton Co., 3.80%, 11/15/25
 
3
2,988
Kodiak Gas Services LLC, 7.25%, 02/15/29(b)(c)
 
566
576,953
Oceaneering International, Inc., 6.00%, 02/01/28
 
71
70,248
Star Holding LLC, 8.75%, 08/01/31(b)(c)
 
256
244,696
TGS ASA, 8.50%, 01/15/30(b)
 
200
206,609
USA Compression Partners LP/USA Compression
Finance Corp., 7.13%, 03/15/29(b)(c)
 
371
377,333
Weatherford International Ltd., 8.63%, 04/30/30(b)(c)
 
400
406,150
 
 
2,827,261
Entertainment — 1.8%
Boyne USA, Inc., 4.75%, 05/15/29(b)(c)
 
214
201,475
Caesars Entertainment, Inc.(b)
 
7.00%, 02/15/30(c)
 
1,619
1,641,179
6.50%, 02/15/32(c)
 
635
632,941
6.00%, 10/15/32
 
202
188,642
Churchill Downs, Inc.(b)
 
4.75%, 01/15/28
 
137
133,095
5.75%, 04/01/30(c)
 
797
779,570
6.75%, 05/01/31(c)
 
416
419,277
Cinemark USA, Inc., 7.00%, 08/01/32(b)(c)
 
111
112,047
Cirsa Finance International SARL, (3-mo. EURIBOR +
4.50%), 7.11%, 07/31/28(a)(e)
EUR
100
109,373
Security
 
Par
(000)
Value
Entertainment (continued)
Great Canadian Gaming Corp., 8.75%, 11/15/29(b)
USD
408
$ 409,916
Light & Wonder International, Inc.(b)
 
7.25%, 11/15/29
 
51
51,698
7.50%, 09/01/31
 
207
212,046
Lions Gate Capital Holdings 1, Inc., 5.50%, 04/15/29(b)
 
232
215,248
Live Nation Entertainment, Inc., 4.75%, 10/15/27(b)(c)
 
211
205,691
Lottomatica Group SpA, (3-mo. EURIBOR + 4.00%),
6.49%, 12/15/30(a)(e)
EUR
100
108,517
Merlin Entertainments Group U.S. Holdings, Inc., 7.38%,
02/15/31(b)
USD
298
281,475
Midwest Gaming Borrower LLC/Midwest Gaming
Finance Corp., 4.88%, 05/01/29(b)
 
72
67,573
Mohegan Tribal Gaming Authority/MS Digital
Entertainment Holdings LLC, 04/15/30(b)(j)
 
176
172,965
Odeon Finco PLC, 12.75%, 11/01/27(b)
 
200
209,024
Pinewood Finco PLC, 6.00%, 03/27/30(e)
GBP
100
127,341
Premier Entertainment Sub LLC/Premier Entertainment
Finance Corp.(b)
 
5.63%, 09/01/29
USD
116
85,260
5.88%, 09/01/31
 
166
109,975
Rivers Enterprise Borrower LLC/Rivers Enterprise
Finance Corp., 6.63%, 02/01/33(b)
 
166
163,225
Scientific Games Holdings LP/Scientific Games
U.S. FinCo, Inc., 6.63%, 03/01/30(b)(c)
 
232
218,798
Six Flags Entertainment Corp., 7.00%, 07/01/25(b)
 
101
101,116
Six Flags Entertainment Corp. /Six Flags Theme Parks,
Inc./Canadas Wonderland Co., 6.63%, 05/01/32(b)(c)
 
651
656,385
Vail Resorts, Inc., 6.50%, 05/15/32(b)(c)
 
364
368,034
Wynn Resorts Finance LLC/Wynn Resorts Capital
Corp.(b)
 
5.13%, 10/01/29(c)
 
679
651,603
7.13%, 02/15/31(c)
 
492
509,151
6.25%, 03/15/33
 
190
185,048
 
 
9,327,688
Environmental, Maintenance & Security Service — 0.9%
GFL Environmental, Inc.(b)
 
4.00%, 08/01/28(c)
 
121
114,997
3.50%, 09/01/28
 
198
187,084
4.75%, 06/15/29(c)
 
378
363,765
4.38%, 08/15/29(c)
 
405
382,015
6.75%, 01/15/31(c)
 
364
375,216
Madison IAQ LLC(b)
 
4.13%, 06/30/28
 
240
226,499
5.88%, 06/30/29(c)
 
956
903,201
Republic Services, Inc., 3.38%, 11/15/27(c)
 
750
731,878
Reworld Holding Corp.
 
4.88%, 12/01/29(b)(c)
 
142
132,076
5.00%, 09/01/30
 
70
64,841
Waste Pro USA, Inc., 7.00%, 02/01/33(b)(c)
 
987
990,330
Wrangler Holdco Corp., 6.63%, 04/01/32(b)
 
105
106,905
 
 
4,578,807
Financial Services — 1.4%
Ally Financial, Inc., (5-year CMT + 2.45%), 6.65%,
01/17/40(a)
 
45
43,544
Azorra Finance Ltd., 7.75%, 04/15/30(b)
 
174
171,560
Clue Opco LLC, 9.50%, 10/15/31(b)(c)
 
151
151,044
Freedom Mortgage Holdings LLC(b)
 
9.25%, 02/01/29
 
186
188,890
9.13%, 05/15/31(c)
 
293
294,850
8.38%, 04/01/32
 
206
201,283
7

Schedule of Investments (unaudited)(continued)
March 31, 2025
BlackRock Limited Duration Income Trust (BLW)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
Financial Services (continued)
GGAM Finance Ltd.(b)
 
7.75%, 05/15/26
USD
45
$ 45,497
8.00%, 02/15/27(c)
 
411
421,076
8.00%, 06/15/28
 
150
157,291
6.88%, 04/15/29(c)
 
205
207,438
5.88%, 03/15/30
 
219
216,403
Global Aircraft Leasing Co. Ltd., 8.75%, 09/01/27(b)
 
280
283,850
Intrum AB, 3.00%, 09/15/27(e)(f)(h)
EUR
100
85,423
Jefferies Finance LLC/JFIN Co-Issuer Corp., 5.00%,
08/15/28(b)(c)
USD
325
305,547
Macquarie Airfinance Holdings Ltd.(b)(c)
 
8.13%, 03/30/29
 
262
274,958
6.50%, 03/26/31
 
150
156,197
Midcap Financial Issuer Trust(b)
 
6.50%, 05/01/28
 
200
192,778
5.63%, 01/15/30
 
200
181,158
Nationstar Mortgage Holdings, Inc.(b)
 
6.00%, 01/15/27
 
45
44,976
6.50%, 08/01/29(c)
 
409
414,643
5.13%, 12/15/30(c)
 
219
218,439
5.75%, 11/15/31(c)
 
147
146,954
7.13%, 02/01/32(c)
 
755
784,268
PennyMac Financial Services, Inc.(b)
 
7.88%, 12/15/29
 
258
268,398
7.13%, 11/15/30(c)
 
277
281,422
6.88%, 02/15/33
 
198
196,762
ProGroup AG, 5.38%, 04/15/31(e)
EUR
100
105,108
Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc.(b)
 
2.88%, 10/15/26(c)
USD
471
451,424
3.88%, 03/01/31(c)
 
170
152,286
4.00%, 10/15/33
 
96
82,349
Stena International SA, 7.25%, 01/15/31(e)
 
200
199,908
Titanium 2l Bondco SARL, (6.25% PIK), 6.25%,
01/14/31(i)
EUR
100
32,980
UWM Holdings LLC, 6.63%, 02/01/30(b)(c)
USD
382
378,880
WOM Mobile SA, (11.00% PIK), 11.00%, 04/01/31(b)(i)
 
98
98,259
 
 
7,435,843
Food Products — 1.8%
Albertsons Cos., Inc./Safeway, Inc./New Albertsons
LP/Albertsons LLC(b)
 
3.25%, 03/15/26
 
83
81,112
4.63%, 01/15/27(c)
 
477
469,910
5.88%, 02/15/28(c)
 
298
297,855
6.50%, 02/15/28
 
99
100,388
3.50%, 03/15/29
 
131
120,560
4.88%, 02/15/30(c)
 
170
162,411
6.25%, 03/15/33
 
183
184,783
Aramark International Finance SARL, 3.13%, 04/01/25(e)
EUR
138
149,219
Aramark Services, Inc., 5.00%, 02/01/28(b)(c)
USD
194
190,466
B&G Foods, Inc., 8.00%, 09/15/28(b)
 
89
89,422
Chobani Holdco II LLC, (8.75% in Cash or 9.5% in PIK),
8.75%, 10/01/29(b)(i)
 
1,308
1,421,746
Chobani LLC/Chobani Finance Corp., Inc.(b)(c)
 
4.63%, 11/15/28
 
457
439,728
7.63%, 07/01/29
 
1,411
1,449,721
Darling Global Finance BV, 3.63%, 05/15/26(e)
EUR
120
128,810
Darling Ingredients, Inc., 6.00%, 06/15/30(b)(c)
USD
323
321,042
ELO SACA, 3.25%, 07/23/27(e)
EUR
100
102,615
Fiesta Purchaser, Inc.(b)
 
7.88%, 03/01/31
USD
59
60,916
Security
 
Par
(000)
Value
Food Products (continued)
Fiesta Purchaser, Inc.(b)(continued)
 
9.63%, 09/15/32
USD
91
$ 93,515
Irca SpA, (3-mo. EURIBOR + 3.75%), 6.25%,
12/15/29(a)(e)
EUR
100
108,130
KeHE Distributors LLC/KeHE Finance Corp./NextWave
Distribution, Inc., 9.00%, 02/15/29(b)
USD
163
167,663
Lamb Weston Holdings, Inc.(b)(c)
 
4.88%, 05/15/28
 
257
250,914
4.13%, 01/31/30
 
312
290,626
4.38%, 01/31/32
 
300
274,037
Lion/Polaris Lux 4 SA, (3-mo. EURIBOR + 3.63%),
5.95%, 07/01/29(a)(e)
EUR
100
107,860
Market Bidco Finco PLC, 4.75%, 11/04/27(e)
 
100
104,756
Performance Food Group, Inc.(b)
 
4.25%, 08/01/29
USD
306
286,152
6.13%, 09/15/32(c)
 
383
380,687
Post Holdings, Inc.(b)
 
4.63%, 04/15/30(c)
 
118
110,196
4.50%, 09/15/31
 
32
28,982
6.25%, 02/15/32(c)
 
272
273,597
6.38%, 03/01/33
 
334
328,427
6.25%, 10/15/34
 
208
204,789
Simmons Foods, Inc./Simmons Prepared Foods,
Inc./Simmons Pet Food, Inc./Simmons Feed, 4.63%,
03/01/29(b)
 
129
119,589
U.S. Foods, Inc.(b)
 
4.63%, 06/01/30
 
19
18,043
7.25%, 01/15/32(c)
 
234
243,242
United Natural Foods, Inc., 6.75%, 10/15/28(b)
 
213
210,337
 
 
9,372,246
Ground Transportation — 0.4%
Brightline East LLC, 11.00%, 01/31/30(b)(c)
 
220
193,788
Genesee & Wyoming, Inc., 6.25%, 04/15/32(b)(c)
 
340
339,733
Lima Metro Line 2 Finance Ltd., 5.88%, 07/05/34(b)(c)
 
1,217
1,224,027
Union Pacific Corp., 3.20%, 05/20/41(c)
 
600
456,415
Watco Cos. LLC/Watco Finance Corp., 7.13%,
08/01/32(b)
 
135
135,750
 
 
2,349,713
Health Care Equipment & Supplies — 1.1%
Avantor Funding, Inc.
 
2.63%, 11/01/25(e)
EUR
100
107,438
4.63%, 07/15/28(b)(c)
USD
467
450,090
3.88%, 11/01/29(b)
 
209
192,954
Bausch & Lomb Corp., 8.38%, 10/01/28(b)(c)
 
1,333
1,382,987
Insulet Corp., 6.50%, 04/01/33(b)
 
238
241,917
Medline Borrower LP(b)(c)
 
3.88%, 04/01/29
 
435
406,609
5.25%, 10/01/29
 
1,280
1,228,254
Medline Borrower LP/Medline Co-Issuer, Inc., 6.25%,
04/01/29(b)(c)
 
685
693,719
Neogen Food Safety Corp., 8.63%, 07/20/30(b)
 
199
209,527
Opal Bidco SAS(j)
 
03/31/32
EUR
100
108,130
03/31/32
USD
317
317,000
Sotera Health Holdings LLC, 7.38%, 06/01/31(b)
 
196
199,260
 
 
5,537,885
Health Care Providers & Services — 2.7%
Acadia Healthcare Co., Inc., 7.38%, 03/15/33(b)
 
160
159,842
AHP Health Partners, Inc., 5.75%, 07/15/29(b)(c)
 
345
320,077
Schedule of Investments
8

Schedule of Investments (unaudited)(continued)
March 31, 2025
BlackRock Limited Duration Income Trust (BLW)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
Health Care Providers & Services (continued)
Charles River Laboratories International, Inc., 4.00%,
03/15/31(b)
USD
42
$ 37,587
CHS/Community Health Systems, Inc.(b)(c)
 
5.63%, 03/15/27
 
1,028
981,659
6.00%, 01/15/29
 
631
560,740
5.25%, 05/15/30
 
902
744,190
4.75%, 02/15/31
 
329
260,067
10.88%, 01/15/32
 
775
763,507
Concentra Escrow Issuer Corp., 6.88%, 07/15/32(b)(c)
 
340
345,952
DaVita, Inc., 6.88%, 09/01/32(b)
 
186
187,043
Elevance Health, Inc., 3.65%, 12/01/27(c)
 
1,000
980,654
Encompass Health Corp.
 
4.75%, 02/01/30(c)
 
171
164,514
4.63%, 04/01/31
 
237
222,119
Ephios Subco 3 SARL, 7.88%, 01/31/31(e)
EUR
100
115,195
Fortrea Holdings, Inc., 7.50%, 07/01/30(b)(c)
USD
113
102,753
HAH Group Holding Co. LLC, 9.75%, 10/01/31(b)
 
218
209,946
HCA, Inc., 5.50%, 06/15/47(c)
 
650
598,573
HealthEquity, Inc., 4.50%, 10/01/29(b)(c)
 
615
576,495
IQVIA, Inc., 6.50%, 05/15/30(b)
 
211
214,750
LifePoint Health, Inc.(b)
 
9.88%, 08/15/30(c)
 
163
171,982
11.00%, 10/15/30(c)
 
791
859,903
8.38%, 02/15/32
 
437
439,997
10.00%, 06/01/32(c)
 
316
301,436
Molina Healthcare, Inc.(b)
 
4.38%, 06/15/28
 
12
11,430
3.88%, 11/15/30
 
2
1,790
3.88%, 05/15/32(c)
 
141
123,704
6.25%, 01/15/33
 
142
139,755
Prime Healthcare Services, Inc., 9.38%, 09/01/29(b)
 
118
111,328
Star Parent, Inc., 9.00%, 10/01/30(b)(c)
 
992
977,770
Surgery Center Holdings, Inc., 7.25%, 04/15/32(b)(c)
 
726
717,929
Tenet Healthcare Corp.(c)
 
6.13%, 06/15/30
 
250
248,844
6.75%, 05/15/31
 
657
666,386
U.S. Acute Care Solutions LLC, 9.75%, 05/15/29(b)(c)
 
252
251,274
UnitedHealth Group, Inc., 3.75%, 07/15/25(c)
 
1,470
1,467,117
 
 
14,036,308
Health Care REITs — 0.6%
Alexandria Real Estate Equities, Inc., 4.00%, 02/01/50(c)
 
450
334,681
Healthpeak OP LLC, 2.88%, 01/15/31(c)
 
1,000
894,919
MPT Operating Partnership LP/MPT Finance Corp.
 
7.00%, 02/15/32(b)
EUR
260
285,938
7.00%, 02/15/32(e)
 
100
109,976
8.50%, 02/15/32(b)(c)
USD
835
850,610
Ventas Realty LP, 4.13%, 01/15/26(c)
 
650
646,714
 
 
3,122,838
Hotel & Resort REITs — 0.6%
Park Intermediate Holdings LLC/PK Domestic Property
LLC/PK Finance Co-Issuer, 7.00%, 02/01/30(b)
 
224
225,654
Pebblebrook Hotel LP/PEB Finance Corp., 6.38%,
10/15/29(b)
 
123
121,610
Pebblebrook Hotel Trust, 1.75%, 12/15/26(l)
 
14
13,083
RHP Hotel Properties LP/RHP Finance Corp.(b)(c)
 
4.50%, 02/15/29
 
302
285,703
6.50%, 04/01/32
 
596
594,932
Service Properties Trust(c)
 
8.63%, 11/15/31(b)
 
1,418
1,495,868
Security
 
Par
(000)
Value
Hotel & Resort REITs (continued)
Service Properties Trust(c)(continued)
 
8.88%, 06/15/32
USD
496
$ 490,849
XHR LP, 6.63%, 05/15/30(b)
 
121
118,791
 
 
3,346,490
Hotels, Restaurants & Leisure — 2.7%
1011778 B.C. ULC/New Red Finance, Inc., 5.63%,
09/15/29(b)
 
197
195,017
Burger King (Restaurant Brands International, Inc.)/New
Red Finance, Inc.(b)
 
3.88%, 01/15/28
 
108
103,223
4.38%, 01/15/28(c)
 
134
128,865
4.00%, 10/15/30(c)
 
451
408,162
Carnival Corp.(b)(c)
 
6.00%, 05/01/29
 
794
788,439
6.13%, 02/15/33
 
904
890,828
Fertitta Entertainment LLC/Fertitta Entertainment
Finance Co., Inc.(b)(c)
 
4.63%, 01/15/29
 
436
401,559
6.75%, 01/15/30
 
136
117,585
Hilton Domestic Operating Co., Inc.
 
4.88%, 01/15/30(c)
 
537
519,321
4.00%, 05/01/31(b)(c)
 
189
171,162
3.63%, 02/15/32(b)
 
52
45,578
6.13%, 04/01/32(b)(c)
 
226
226,860
5.88%, 03/15/33(b)(c)
 
406
401,996
Lindblad Expeditions Holdings, Inc., 9.00%, 05/15/28(b)
 
119
121,264
Lindblad Expeditions LLC, 6.75%, 02/15/27(b)(c)
 
220
218,712
MajorDrive Holdings IV LLC, 6.38%, 06/01/29(b)(c)
 
269
205,211
Melco Resorts Finance Ltd.
 
4.88%, 06/06/25(b)
 
400
398,520
5.38%, 12/04/29(e)
 
250
229,997
7.63%, 04/17/32(b)(c)
 
261
260,628
MGM China Holdings Ltd.
 
5.88%, 05/15/26(e)
 
250
249,555
4.75%, 02/01/27(b)(c)
 
200
195,500
MGM Resorts International, 6.13%, 09/15/29(c)
 
374
370,294
NCL Corp. Ltd.(b)
 
8.13%, 01/15/29
 
121
127,272
7.75%, 02/15/29
 
77
80,251
6.25%, 03/01/30
 
99
97,193
6.75%, 02/01/32(c)
 
490
484,023
NCL Finance Ltd., 6.13%, 03/15/28(b)(c)
 
261
260,165
Raising Canes Restaurants LLC, 9.38%, 05/01/29(b)
 
141
149,796
Royal Caribbean Cruises Ltd.(b)(c)
 
5.63%, 09/30/31
 
948
930,863
6.00%, 02/01/33
 
928
927,422
Sabre GLBL, Inc.(b)(c)
 
8.63%, 06/01/27
 
428
423,541
10.75%, 11/15/29
 
532
535,871
Station Casinos LLC(b)
 
4.63%, 12/01/31(c)
 
218
195,878
6.63%, 03/15/32
 
152
150,755
TUI AG, 5.88%, 03/15/29(e)
EUR
100
111,647
Viking Cruises Ltd.(b)
 
5.88%, 09/15/27(c)
USD
236
234,806
7.00%, 02/15/29
 
51
51,171
9.13%, 07/15/31(c)
 
653
697,489
Viking Ocean Cruises Ship VII Ltd., 5.63%, 02/15/29(b)
 
162
159,268
Wynn Macau Ltd.
 
5.50%, 01/15/26(e)
 
347
344,866
5.50%, 01/15/26(b)
 
200
198,770
9

Schedule of Investments (unaudited)(continued)
March 31, 2025
BlackRock Limited Duration Income Trust (BLW)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
Hotels, Restaurants & Leisure (continued)
Wynn Macau Ltd.(continued)
 
5.63%, 08/26/28(b)(c)
USD
1,000
$ 961,250
5.13%, 12/15/29(b)(c)
 
410
380,787
 
 
14,151,360
Household Durables — 0.6%
Ashton Woods USA LLC/Ashton Woods Finance Co.(b)
 
4.63%, 08/01/29
 
100
90,505
4.63%, 04/01/30
 
145
131,110
Beazer Homes USA, Inc.
 
5.88%, 10/15/27
 
54
52,947
7.50%, 03/15/31(b)
 
42
40,690
Brookfield Residential Properties, Inc./Brookfield
Residential U.S. LLC(b)
 
5.00%, 06/15/29
 
208
187,542
4.88%, 02/15/30(c)
 
286
249,985
CD&R Smokey Buyer, Inc./Radio Systems Corp., 9.50%,
10/15/29(b)
 
169
154,212
Dream Finders Homes, Inc., 8.25%, 08/15/28(b)
 
115
118,855
Empire Communities Corp., 9.75%, 05/01/29(b)
 
51
51,581
K Hovnanian Enterprises, Inc., 11.75%, 09/30/29(b)(c)
 
875
935,912
LGI Homes, Inc.(b)
 
8.75%, 12/15/28
 
89
92,754
7.00%, 11/15/32
 
161
152,258
Meritage Homes Corp., 1.75%, 05/15/28(b)(l)
 
390
381,030
New Home Co., Inc., 9.25%, 10/01/29(b)
 
224
229,767
Somnigroup International, Inc.(b)
 
4.00%, 04/15/29
 
204
189,458
3.88%, 10/15/31
 
48
42,144
STL Holding Co. LLC, 8.75%, 02/15/29(b)
 
120
123,159
SWF Holdings I Corp., 6.50%, 10/06/29(b)
 
210
115,361
 
 
3,339,270
Household Products — 0.0%
Berkline Benchcraft LLC, 4.50%, 06/01/22(a)(d)(f)(h)
 
200
Central Garden & Pet Co., 5.13%, 02/01/28
 
15
14,807
Kronos Acquisition Holdings, Inc., 8.25%, 06/30/31(b)
 
59
52,326
 
 
67,133
Independent Power and Renewable Electricity Producers — 0.0%
XPLR Infrastructure LP, 2.50%, 06/15/26(b)(l)
 
285
271,747
Industrial Conglomerates(b) — 0.1%
Amsted Industries, Inc., 6.38%, 03/15/33
 
125
124,337
Axon Enterprise, Inc.
 
6.13%, 03/15/30
 
279
281,574
6.25%, 03/15/33
 
218
220,242
 
 
626,153
Insurance — 4.4%
Alliant Holdings Intermediate LLC/Alliant Holdings Co-
Issuer(b)(c)
 
4.25%, 10/15/27
 
627
605,118
6.75%, 10/15/27
 
1,382
1,376,500
6.75%, 04/15/28
 
282
283,103
5.88%, 11/01/29
 
812
784,826
7.00%, 01/15/31
 
912
914,789
7.38%, 10/01/32
 
938
942,120
AmWINS Group, Inc., 6.38%, 02/15/29(b)
 
138
139,052
APH Somerset Investor 2 LLC/APH2 Somerset Investor
2 LLC/APH3 Somerset Investor 2 LLC, 7.88%,
11/01/29(b)
 
230
226,681
Ardonagh Finco Ltd.
 
6.88%, 02/15/31(e)
EUR
200
220,585
7.75%, 02/15/31(b)(c)
USD
1,195
1,217,293
Security
 
Par
(000)
Value
Insurance (continued)
Ardonagh Group Finance Ltd., 8.88%, 02/15/32(b)(c)
USD
1,287
$ 1,310,190
AssuredPartners, Inc., 7.50%, 02/15/32(b)
 
382
407,759
Howden UK Refinance PLC/Howden UK Refinance
2 PLC/Howden US Refinance LLC(b)(c)
 
7.25%, 02/15/31
 
1,600
1,614,778
8.13%, 02/15/32
 
748
755,845
HUB International Ltd.(b)(c)
 
7.25%, 06/15/30
 
2,875
2,961,267
7.38%, 01/31/32
 
4,403
4,483,060
Jones Deslauriers Insurance Management, Inc.(b)(c)
 
8.50%, 03/15/30
 
747
784,739
10.50%, 12/15/30
 
428
458,306
Panther Escrow Issuer LLC, 7.13%, 06/01/31(b)(c)
 
2,687
2,737,868
Ryan Specialty LLC(b)
 
4.38%, 02/01/30
 
125
118,933
5.88%, 08/01/32
 
274
270,625
Unipol Assicurazioni SpA, 4.90%, 05/23/34(e)
EUR
100
111,001
USI, Inc., 7.50%, 01/15/32(b)(c)
USD
465
474,382
 
 
23,198,820
Interactive Media & Services — 0.1%
iliad SA, 5.63%, 02/15/30(e)
EUR
100
113,711
Snap, Inc., 6.88%, 03/01/33(b)(c)
USD
660
659,950
 
 
773,661
Internet Software & Services(b) — 0.5%
Acuris Finance U.S., Inc./Acuris Finance SARL
 
5.00%, 05/01/28(c)
 
403
370,061
9.00%, 08/01/29
 
200
193,612
Cablevision Lightpath LLC
 
3.88%, 09/15/27
 
200
189,921
5.63%, 09/15/28(c)
 
400
366,696
Match Group Holdings II LLC
 
4.63%, 06/01/28
 
157
150,654
4.13%, 08/01/30
 
198
177,450
3.63%, 10/01/31(c)
 
200
172,364
Rakuten Group, Inc.
 
11.25%, 02/15/27
 
214
231,842
9.75%, 04/15/29(c)
 
561
609,088
Uber Technologies, Inc., 6.25%, 01/15/28
 
118
118,710
 
 
2,580,398
IT Services — 0.5%
Almaviva-The Italian Innovation Co. SpA, 5.00%,
10/30/30(e)
EUR
100
109,217
Amentum Holdings, Inc., 7.25%, 08/01/32(b)
USD
258
253,784
Atos SE(e)(m)
 
5.20%, 12/18/30
EUR
43
37,876
9.36%, 12/18/29
 
35
40,358
CA Magnum Holdings, 5.38%, 10/31/26(b)(c)
USD
542
532,352
Fortress Intermediate 3, Inc., 7.50%, 06/01/31(b)(c)
 
635
640,141
Insight Enterprises, Inc., 6.63%, 05/15/32(b)
 
159
160,244
McAfee Corp., 7.38%, 02/15/30(b)(c)
 
638
564,679
Science Applications International Corp., 4.88%,
04/01/28(b)(c)
 
113
108,248
 
 
2,446,899
Machinery — 1.2%
ATS Corp., 4.13%, 12/15/28(b)
 
108
100,310
Chart Industries, Inc.(b)
 
7.50%, 01/01/30(c)
 
570
591,173
9.50%, 01/01/31
 
79
84,336
Esab Corp., 6.25%, 04/15/29(b)
 
266
269,882
GrafTech Global Enterprises, Inc., 9.88%, 12/23/29(b)
 
145
113,825
Schedule of Investments
10

Schedule of Investments (unaudited)(continued)
March 31, 2025
BlackRock Limited Duration Income Trust (BLW)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
Machinery (continued)
Husky Injection Molding Systems Ltd./Titan Co-Borrower
LLC, 9.00%, 02/15/29(b)(c)
USD
810
$ 811,504
IMA Industria Macchine Automatiche SpA, (3-mo.
EURIBOR + 3.75%), 6.54%, 04/15/29(a)(e)
EUR
100
108,091
Manitowoc Co., Inc., 9.25%, 10/01/31(b)
USD
137
140,828
Terex Corp.(b)
 
5.00%, 05/15/29(c)
 
105
100,203
6.25%, 10/15/32
 
178
172,619
TK Elevator Holdco GmbH
 
6.63%, 07/15/28(e)
EUR
129
139,373
7.63%, 07/15/28(b)(c)
USD
822
822,698
TK Elevator Midco GmbH, 4.38%, 07/15/27(e)
EUR
311
334,182
TK Elevator U.S. Newco, Inc., 5.25%, 07/15/27(b)(c)
USD
1,729
1,696,597
Vertiv Group Corp., 4.13%, 11/15/28(b)(c)
 
846
805,360
 
 
6,290,981
Media — 4.0%
Cable One, Inc.
 
0.00%, 03/15/26(l)(n)
 
88
83,380
1.13%, 03/15/28(c)(l)
 
684
542,939
4.00%, 11/15/30(b)
 
23
18,237
CCO Holdings LLC/CCO Holdings Capital Corp.(b)
 
5.38%, 06/01/29
 
57
55,153
6.38%, 09/01/29(c)
 
1,563
1,558,332
4.75%, 03/01/30(c)
 
104
96,454
4.25%, 02/01/31(c)
 
475
420,911
7.38%, 03/01/31(c)
 
1,567
1,592,033
4.75%, 02/01/32
 
32
28,413
4.50%, 06/01/33
 
19
16,204
4.25%, 01/15/34(c)
 
959
788,777
Charter Communications Operating LLC/Charter
Communications Operating Capital(c)
 
4.91%, 07/23/25
 
559
558,864
5.38%, 05/01/47
 
425
352,146
CSC Holdings LLC(b)
 
5.50%, 04/15/27
 
200
185,164
5.38%, 02/01/28
 
400
341,132
11.75%, 01/31/29(c)
 
1,800
1,745,716
3.38%, 02/15/31
 
656
469,286
Directv Financing LLC/Directv Financing Co-Obligor,
Inc.(b)(c)
 
5.88%, 08/15/27
 
708
686,084
10.00%, 02/15/31
 
704
675,981
DISH DBS Corp.(b)
 
5.25%, 12/01/26
 
1,090
1,000,561
5.75%, 12/01/28(c)
 
934
787,687
DISH Network Corp., 11.75%, 11/15/27(b)(c)
 
1,628
1,714,409
GCI LLC, 4.75%, 10/15/28(b)
 
52
47,938
Gray Media, Inc.(b)
 
7.00%, 05/15/27
 
159
155,824
10.50%, 07/15/29(c)
 
764
795,973
LCPR Senior Secured Financing DAC, 6.75%,
10/15/27(b)(c)
 
560
468,182
Midcontinent Communications, 8.00%, 08/15/32(b)
 
388
392,311
Radiate Holdco LLC/Radiate Finance, Inc., 4.50%,
09/15/26(b)
 
644
551,013
Sinclair Television Group, Inc., 8.13%, 02/15/33(b)
 
655
646,344
Sirius XM Radio, Inc.(b)
 
3.13%, 09/01/26(c)
 
497
481,500
5.00%, 08/01/27(c)
 
677
661,455
4.00%, 07/15/28
 
97
90,501
Security
 
Par
(000)
Value
Media (continued)
Sunrise FinCo I BV, 4.88%, 07/15/31(b)(c)
USD
249
$ 226,432
Tele Columbus AG, (10.00% PIK), 10.00%, 01/01/29(e)(i)
EUR
110
97,615
Univision Communications, Inc.(b)
 
6.63%, 06/01/27
USD
562
557,351
8.00%, 08/15/28(c)
 
640
641,999
8.50%, 07/31/31(c)
 
398
388,902
Virgin Media Vendor Financing Notes IV DAC, 5.00%,
07/15/28(b)(c)
 
554
523,620
Ziggo Bond Co. BV, 5.13%, 02/28/30(b)
 
225
196,051
Ziggo BV, 4.88%, 01/15/30(b)(c)
 
200
183,208
 
 
20,824,082
Metals & Mining — 2.1%
Advanced Drainage Systems, Inc., 6.38%, 06/15/30(b)(c)
 
240
241,045
Arsenal AIC Parent LLC(b)
 
8.00%, 10/01/30
 
186
189,648
11.50%, 10/01/31(c)
 
939
1,021,097
ATI, Inc.
 
5.88%, 12/01/27(c)
 
127
126,113
4.88%, 10/01/29
 
101
96,190
7.25%, 08/15/30(c)
 
535
551,446
5.13%, 10/01/31(c)
 
215
201,334
Big River Steel LLC/BRS Finance Corp., 6.63%,
01/31/29(b)(c)
 
806
807,082
Carpenter Technology Corp., 7.63%, 03/15/30
 
367
378,026
Cleveland-Cliffs, Inc.(b)
 
6.88%, 11/01/29
 
231
226,047
7.50%, 09/15/31
 
81
79,082
7.38%, 05/01/33
 
187
179,433
Constellium SE(b)(c)
 
5.63%, 06/15/28
 
500
484,908
3.75%, 04/15/29
 
735
665,904
6.38%, 08/15/32
 
317
309,550
First Quantum Minerals Ltd.(b)
 
9.38%, 03/01/29(c)
 
680
715,700
8.00%, 03/01/33
 
200
202,500
Kaiser Aluminum Corp.(b)(c)
 
4.63%, 03/01/28
 
243
230,816
4.50%, 06/01/31
 
770
681,470
New Gold, Inc., 6.88%, 04/01/32(b)
 
305
308,042
Novelis Corp.(b)(c)
 
3.25%, 11/15/26
 
822
794,661
4.75%, 01/30/30
 
630
584,514
3.88%, 08/15/31
 
1,030
895,489
Novelis Sheet Ingot GmbH, 3.38%, 04/15/29(e)
EUR
200
205,596
Novelis, Inc., 6.88%, 01/30/30(b)
USD
446
452,311
Roller Bearing Co. of America, Inc., 4.38%, 10/15/29(b)
 
122
114,531
Samarco Mineracao SA(i)
 
(9.00% PIK), 9.00%, 06/30/31(e)
 
29
28,390
(9.00% PIK), 9.00%, 06/30/31(b)
 
11
10,141
Vallourec SACA, 7.50%, 04/15/32(b)(c)
 
317
331,217
Volcan Cia Minera SAA, 8.75%, 01/24/30(b)
 
33
32,442
 
 
11,144,725
Mortgage Real Estate Investment Trusts (REITs)(b) — 0.2%
Blackstone Mortgage Trust, Inc., 3.75%, 01/15/27
 
163
154,981
Ladder Capital Finance Holdings LLLP/Ladder Capital
Finance Corp.
 
4.75%, 06/15/29
 
67
63,808
7.00%, 07/15/31
 
225
230,936
Starwood Property Trust, Inc.
 
7.25%, 04/01/29
 
171
175,300
11

Schedule of Investments (unaudited)(continued)
March 31, 2025
BlackRock Limited Duration Income Trust (BLW)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
Mortgage Real Estate Investment Trusts (REITs) (continued)
Starwood Property Trust, Inc.(continued)
 
6.00%, 04/15/30
USD
90
$ 87,946
6.50%, 07/01/30
 
174
174,088
10/15/30(j)
 
238
235,793
 
 
1,122,852
Oil, Gas & Consumable Fuels — 8.1%
Aethon United BR LP/Aethon United Finance Corp.,
7.50%, 10/01/29(b)
 
393
399,738
Antero Midstream Partners LP/Antero Midstream
Finance Corp.(b)
 
5.38%, 06/15/29
 
206
201,358
6.63%, 02/01/32(c)
 
230
233,838
Ascent Resources Utica Holdings LLC/ARU Finance
Corp.(b)
 
9.00%, 11/01/27
 
165
202,125
5.88%, 06/30/29
 
35
34,154
Blue Racer Midstream LLC/Blue Racer Finance Corp.(b)
 
7.00%, 07/15/29
 
224
228,924
7.25%, 07/15/32
 
180
186,211
Borr IHC Ltd./Borr Finance LLC, 10.00%, 11/15/28(b)(c)
 
249
235,824
Buckeye Partners LP
 
6.88%, 07/01/29(b)
 
97
98,603
6.75%, 02/01/30(b)
 
87
88,123
5.85%, 11/15/43
 
145
128,199
5.60%, 10/15/44
 
86
73,716
Chord Energy Corp., 6.75%, 03/15/33(b)
 
173
172,093
CITGO Petroleum Corp., 8.38%, 01/15/29(b)
 
778
791,740
Civitas Resources, Inc.(b)(c)
 
8.38%, 07/01/28
 
232
239,421
8.63%, 11/01/30
 
191
197,049
8.75%, 07/01/31
 
517
530,930
CNX Midstream Partners LP, 4.75%, 04/15/30(b)
 
96
89,374
CNX Resources Corp., 7.25%, 03/01/32(b)
 
114
115,923
Comstock Resources, Inc.(b)
 
6.75%, 03/01/29(c)
 
362
354,051
6.75%, 03/01/29
 
137
133,133
5.88%, 01/15/30(c)
 
443
418,371
CQP Holdco LP/BIP-V Chinook Holdco LLC, 5.50%,
06/15/31(b)(c)
 
1,617
1,551,277
Crescent Energy Finance LLC(b)(c)
 
7.63%, 04/01/32
 
590
583,550
7.38%, 01/15/33
 
536
516,822
Diamond Foreign Asset Co./Diamond Finance LLC,
8.50%, 10/01/30(b)
 
125
128,094
DT Midstream, Inc.(b)(c)
 
4.13%, 06/15/29
 
328
308,692
4.38%, 06/15/31
 
329
302,617
Ecopetrol SA, 8.88%, 01/13/33
 
122
125,630
eG Global Finance PLC, 12.00%, 11/30/28(b)(c)
 
298
329,960
Encino Acquisition Partners Holdings LLC, 8.75%,
05/01/31(b)
 
173
183,834
Energy Transfer LP(c)
 
3.90%, 07/15/26
 
235
232,969
(5-year CMT + 4.02%), 8.00%, 05/15/54(a)
 
469
493,551
Series H, (5-year CMT + 5.69%), 6.50%(a)(k)
 
4,409
4,403,802
EQM Midstream Partners LP(b)
 
4.50%, 01/15/29
 
20
19,370
6.38%, 04/01/29(c)
 
343
350,930
7.50%, 06/01/30
 
84
90,673
4.75%, 01/15/31
 
398
382,802
Security
 
Par
(000)
Value
Oil, Gas & Consumable Fuels (continued)
Genesis Energy LP/Genesis Energy Finance Corp.
 
7.75%, 02/01/28
USD
182
$ 183,810
8.25%, 01/15/29(c)
 
327
337,607
8.88%, 04/15/30
 
61
63,351
7.88%, 05/15/32(c)
 
452
455,211
8.00%, 05/15/33
 
240
241,868
Gulfport Energy Operating Corp., 6.75%, 09/01/29(b)
 
189
191,514
Harvest Midstream I LP, 7.50%, 05/15/32(b)
 
112
115,099
Hess Corp., 4.30%, 04/01/27
 
50
49,749
Hess Midstream Operations LP, 6.50%, 06/01/29(b)(c)
 
257
262,110
Hilcorp Energy I LP/Hilcorp Finance Co.(b)
 
6.25%, 11/01/28
 
145
144,863
5.75%, 02/01/29
 
212
204,825
6.00%, 04/15/30
 
21
19,970
8.38%, 11/01/33(c)
 
667
683,525
6.88%, 05/15/34
 
338
317,883
7.25%, 02/15/35
 
148
141,340
Howard Midstream Energy Partners LLC(b)(c)
 
8.88%, 07/15/28
 
217
226,262
7.38%, 07/15/32
 
261
267,401
HPCL-Mittal Energy Ltd., 5.45%, 10/22/26(e)
 
200
197,000
Impulsora Pipeline LLC, 6.05%, 01/01/43(a)
 
1,262
1,090,364
ITT Holdings LLC, 6.50%, 08/01/29(b)(c)
 
456
420,674
Kimmeridge Texas Gas LLC, 8.50%, 02/15/30(b)(c)
 
505
504,707
Kinetik Holdings LP(b)
 
6.63%, 12/15/28
 
58
58,922
5.88%, 06/15/30
 
53
52,448
Magnolia Oil & Gas Operating LLC/Magnolia Oil & Gas
Finance Corp., 6.88%, 12/01/32(b)
 
148
147,727
Matador Resources Co.(b)(c)
 
6.88%, 04/15/28
 
276
279,489
6.50%, 04/15/32
 
303
300,283
Medco Bell Pte. Ltd., 6.38%, 01/30/27(e)
 
250
248,000
Moss Creek Resources Holdings, Inc., 8.25%,
09/01/31(b)
 
102
99,458
MPLX LP, 4.25%, 12/01/27(c)
 
185
183,368
Murphy Oil Corp., 5.88%, 12/01/42
 
29
24,912
Nabors Industries Ltd., 7.50%, 01/15/28(b)(c)
 
109
100,333
Nabors Industries, Inc., 7.38%, 05/15/27(b)
 
242
238,684
NFE Financing LLC, 12.00%, 11/15/29(b)
 
514
433,284
NGL Energy Operating LLC/NGL Energy Finance
Corp.(b)(c)
 
8.13%, 02/15/29
 
214
215,495
8.38%, 02/15/32
 
1,132
1,134,427
Noble Finance II LLC, 8.00%, 04/15/30(b)(c)
 
231
230,864
Northern Oil & Gas, Inc.
 
8.13%, 03/01/28(b)(c)
 
1,015
1,017,616
3.63%, 04/15/29(l)
 
152
160,178
8.75%, 06/15/31(b)(c)
 
223
227,450
Northriver Midstream Finance LP, 6.75%, 07/15/32(b)
 
172
173,604
Parkland Corp., 6.63%, 08/15/32(b)
 
259
258,852
PBF Holding Co. LLC/PBF Finance Corp., 7.88%,
09/15/30(b)
 
160
140,125
Permian Resources Operating LLC(b)(c)
 
8.00%, 04/15/27
 
272
277,140
5.88%, 07/01/29
 
411
405,621
7.00%, 01/15/32
 
329
336,434
6.25%, 02/01/33
 
214
213,153
Petroleos Mexicanos
 
6.50%, 03/13/27
 
85
82,782
8.75%, 06/02/29
 
130
129,120
5.95%, 01/28/31(c)
 
158
133,818
Schedule of Investments
12

Schedule of Investments (unaudited)(continued)
March 31, 2025
BlackRock Limited Duration Income Trust (BLW)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
Oil, Gas & Consumable Fuels (continued)
Petroleos Mexicanos(continued)
 
6.70%, 02/16/32
USD
48
$ 42,115
10.00%, 02/07/33
 
28
29,088
Prairie Acquiror LP, 9.00%, 08/01/29(b)
 
192
195,435
Rockies Express Pipeline LLC, 4.95%, 07/15/29(b)
 
51
48,837
Sitio Royalties Operating Partnership LP/Sitio Finance
Corp., 7.88%, 11/01/28(b)(c)
 
389
400,403
SM Energy Co.
 
6.50%, 07/15/28
 
38
37,740
7.00%, 08/01/32(b)
 
129
126,603
Suburban Propane Partners LP/Suburban Energy
Finance Corp., 5.00%, 06/01/31(b)
 
91
82,157
Sunoco LP, 6.25%, 07/01/33(b)
 
291
291,305
Tallgrass Energy Partners LP/Tallgrass Energy Finance
Corp.(b)
 
5.50%, 01/15/28
 
148
144,046
7.38%, 02/15/29(c)
 
501
503,496
6.00%, 12/31/30
 
3
2,846
6.00%, 09/01/31
 
131
123,842
Talos Production, Inc., 9.38%, 02/01/31(b)
 
154
156,689
TGNR Intermediate Holdings LLC, 5.50%, 10/15/29(b)(c)
 
347
325,799
Transcontinental Gas Pipe Line Co. LLC, 4.00%,
03/15/28(c)
 
280
275,011
TransMontaigne Partners LLC, 8.50%, 06/15/30(b)
 
56
56,412
Transocean Aquila Ltd., 8.00%, 09/30/28(b)
 
105
106,898
Transocean Titan Financing Ltd., 8.38%, 02/01/28(b)(c)
 
132
134,942
Transocean, Inc.(b)(c)
 
8.00%, 02/01/27
 
432
430,379
8.25%, 05/15/29
 
365
356,778
8.75%, 02/15/30
 
218
225,998
8.50%, 05/15/31
 
391
379,928
Valaris Ltd., 8.38%, 04/30/30(b)(c)
 
624
624,716
Venture Global Calcasieu Pass LLC(b)
 
3.88%, 08/15/29(c)
 
802
742,415
4.13%, 08/15/31
 
9
8,177
3.88%, 11/01/33(c)
 
473
407,088
Venture Global LNG, Inc.(b)(c)
 
9.50%, 02/01/29
 
2,255
2,418,062
7.00%, 01/15/30
 
584
575,350
8.38%, 06/01/31
 
1,435
1,455,493
9.88%, 02/01/32
 
1,765
1,874,580
Vermilion Energy, Inc., 6.88%, 05/01/30(b)
 
159
155,702
Vital Energy, Inc.(c)
 
9.75%, 10/15/30
 
231
234,952
7.88%, 04/15/32(b)
 
687
639,541
Wildfire Intermediate Holdings LLC, 7.50%, 10/15/29(b)
 
222
215,822
 
 
42,408,836
Paper & Forest Products — 0.0%
Fiber Bidco SpA, 6.13%, 06/15/31(e)
EUR
100
105,490
Magnera Corp., 7.25%, 11/15/31(b)
USD
142
138,111
 
 
243,601
Passenger Airlines(b) — 0.3%
American Airlines, Inc., 8.50%, 05/15/29(c)
 
478
485,264
JetBlue Airways Corp./JetBlue Loyalty LP, 9.88%,
09/20/31
 
209
206,302
OneSky Flight LLC, 8.88%, 12/15/29
 
287
290,066
United Airlines, Inc., 4.63%, 04/15/29(c)
 
606
573,446
 
 
1,555,078
Security
 
Par
(000)
Value
Personal Care Products — 0.0%
Perrigo Finance Unlimited Co., 6.13%, 09/30/32
USD
220
$ 216,449
Pharmaceuticals — 2.1%
1261229 BC Ltd., 04/15/32(b)(j)
 
2,877
2,859,342
1375209 BC Ltd., 9.00%, 01/30/28(b)
 
271
270,790
AbbVie, Inc., 4.25%, 11/14/28(c)
 
1,000
997,553
Bausch Health Cos., Inc.(b)
 
5.50%, 11/01/25
 
282
281,718
6.13%, 02/01/27
 
944
957,216
5.75%, 08/15/27
 
183
182,680
11.00%, 09/30/28
 
1,577
1,502,092
CVS Health Corp., 3.75%, 04/01/30
 
1,000
943,707
Endo Finance Holdings, Inc., 8.50%, 04/15/31(b)(c)
 
304
316,928
Grifols SA(e)
 
2.25%, 11/15/27
EUR
163
169,114
7.13%, 05/01/30
 
100
111,798
Gruenenthal GmbH, 4.63%, 11/15/31(e)
 
100
104,488
Jazz Securities DAC, 4.38%, 01/15/29(b)(c)
USD
200
190,035
Nidda Healthcare Holding GmbH, 7.00%, 02/21/30(e)
EUR
100
112,763
Option Care Health, Inc., 4.38%, 10/31/29(b)(c)
USD
245
228,587
Organon & Co./Organon Foreign Debt Co-Issuer BV(b)(c)
 
4.13%, 04/30/28
 
200
186,911
7.88%, 05/15/34
 
200
194,135
Rossini SARL, (3-mo. EURIBOR + 3.88%), 6.23%,
12/31/29(a)(e)
EUR
100
108,671
Teva Pharmaceutical Finance Netherlands III BV
 
3.15%, 10/01/26(c)
USD
431
416,605
4.75%, 05/09/27(c)
 
400
392,156
7.88%, 09/15/29
 
200
215,080
8.13%, 09/15/31(c)
 
200
222,752
 
 
10,965,121
Real Estate Management & Development — 0.4%
Adler Financing SARL(i)
 
Series 1.5L, (10.00% PIK), 10.00%, 12/31/29
EUR
13
14,474
Series 1L, (8.25% PIK), 8.25%, 12/31/28
 
62
68,603
Anywhere Real Estate Group LLC/Anywhere Co-Issuer
Corp.
 
7.00%, 04/15/30(b)
USD
236
209,734
Series AI, 7.00%, 04/15/30(c)
 
271
241,158
CoreLogic, Inc., 4.50%, 05/01/28(b)(c)
 
1,313
1,222,098
Cushman & Wakefield U.S. Borrower LLC, 8.88%,
09/01/31(b)
 
181
192,205
Fantasia Holdings Group Co. Ltd.(e)(f)(h)
 
11.75%, 04/17/22
 
400
10,000
11.88%, 06/01/23
 
200
5,000
9.25%, 07/28/23
 
200
5,000
9.88%, 10/19/23
 
200
5,000
Howard Hughes Corp.(b)
 
4.13%, 02/01/29
 
149
135,960
4.38%, 02/01/31
 
100
89,014
Vivion Investments SARL, (6.50% PIK), 6.50%,
08/31/28(e)(i)
EUR
101
107,021
 
 
2,305,267
Retail REITs — 0.0%
Brookfield Property REIT, Inc./BPR Cumulus LLC/BPR
Nimbus LLC/GGSI Sellco LLC, 4.50%, 04/01/27(b)
USD
266
254,874
Semiconductors & Semiconductor Equipment — 0.9%
Broadcom, Inc., 4.11%, 09/15/28(c)
 
1,594
1,571,378
Entegris, Inc., 4.75%, 04/15/29(b)(c)
 
763
735,554
MKS Instruments, Inc., 1.25%, 06/01/30(b)(l)
 
569
511,816
13

Schedule of Investments (unaudited)(continued)
March 31, 2025
BlackRock Limited Duration Income Trust (BLW)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
Semiconductors & Semiconductor Equipment (continued)
NXP BV/NXP Funding LLC/NXP USA, Inc., 2.70%,
05/01/25
USD
33
$ 32,904
ON Semiconductor Corp., 0.50%, 03/01/29(l)
 
258
222,216
QUALCOMM, Inc., 1.65%, 05/20/32(c)
 
1,779
1,453,549
 
 
4,527,417
Software — 4.1%
ACI Worldwide, Inc., 5.75%, 08/15/26(b)(c)
 
269
269,782
AthenaHealth Group, Inc., 6.50%, 02/15/30(b)(c)
 
3,153
2,957,551
Camelot Finance SA, 4.50%, 11/01/26(b)(c)
 
550
539,094
Capstone Borrower, Inc., 8.00%, 06/15/30(b)(c)
 
488
501,036
Central Parent LLC/CDK Global II LLC/CDK Financing
Co., Inc., 8.00%, 06/15/29(b)(c)
 
440
386,043
Central Parent, Inc./CDK Global, Inc., 7.25%,
06/15/29(b)(c)
 
454
392,882
Clarivate Science Holdings Corp.(b)(c)
 
3.88%, 07/01/28
 
730
677,178
4.88%, 07/01/29
 
883
787,624
Cloud Software Group, Inc.(b)(c)
 
6.50%, 03/31/29
 
2,598
2,525,426
9.00%, 09/30/29
 
3,125
3,116,843
8.25%, 06/30/32
 
2,348
2,387,282
Dun & Bradstreet Corp., 5.00%, 12/15/29(b)(c)
 
514
514,849
Elastic NV, 4.13%, 07/15/29(b)(c)
 
226
210,745
Ellucian Holdings, Inc., 6.50%, 12/01/29(b)(c)
 
413
406,156
Fair Isaac Corp., 4.00%, 06/15/28(b)(c)
 
354
336,596
Helios Software Holdings, Inc./ION Corporate Solutions
Finance SARL
 
4.63%, 05/01/28(b)(c)
 
200
179,870
7.88%, 05/01/29(e)
EUR
100
109,739
8.75%, 05/01/29(b)(c)
USD
217
215,936
Oracle Corp., 3.60%, 04/01/50(c)
 
785
545,394
SS&C Technologies, Inc., 6.50%, 06/01/32(b)(c)
 
534
539,773
Twilio, Inc.
 
3.63%, 03/15/29
 
112
103,846
3.88%, 03/15/31(c)
 
251
226,106
UKG, Inc., 6.88%, 02/01/31(b)(c)
 
3,166
3,211,714
ZoomInfo Technologies LLC/ZoomInfo Finance Corp.,
3.88%, 02/01/29(b)(c)
 
388
355,940
 
 
21,497,405
Specialty Retail — 0.1%
Afflelou SAS, 6.00%, 07/25/29(e)
EUR
100
111,617
Duomo Bidco SpA, (3-mo. EURIBOR + 4.13%), 6.91%,
07/15/31(a)(e)
 
100
108,757
Fressnapf Holding SE, 5.25%, 10/31/31(e)
 
100
107,995
Staples, Inc., 10.75%, 09/01/29(b)
USD
220
198,757
 
 
527,126
Technology Hardware, Storage & Peripherals — 0.3%
Diebold Nixdorf, Inc., 7.75%, 03/31/30(b)
 
166
172,070
NCR Atleos Corp., 9.50%, 04/01/29(b)(c)
 
105
113,852
Seagate HDD Cayman(c)
 
8.25%, 12/15/29
 
449
477,404
8.50%, 07/15/31
 
557
591,568
 
 
1,354,894
Textiles, Apparel & Luxury Goods — 0.0%
Crocs, Inc., 4.25%, 03/15/29(b)
 
25
23,239
Hanesbrands, Inc., 9.00%, 02/15/31(b)
 
15
15,806
Security
 
Par
(000)
Value
Textiles, Apparel & Luxury Goods (continued)
Levi Strauss & Co., 3.50%, 03/01/31(b)
USD
16
$ 14,078
PrestigeBidCo GmbH, (3-mo. EURIBOR + 3.75%),
6.54%, 07/01/29(a)(e)
EUR
100
108,461
 
 
161,584
Trading Companies & Distributors(b) — 0.1%
Dealer Tire LLC/DT Issuer LLC, 8.00%, 02/01/28
USD
174
169,562
Gates Corp., 6.88%, 07/01/29(c)
 
196
199,396
Resideo Funding, Inc.
 
4.00%, 09/01/29
 
59
53,565
6.50%, 07/15/32(c)
 
307
306,266
 
 
728,789
Transportation Infrastructure — 0.0%
Incora Top Holdco LLC, 6.00%, 01/31/33(d)
 
198
42,333
Mobico Group PLC, 3.63%, 11/20/28(e)
GBP
100
119,326
 
 
161,659
Water Utilities — 0.2%
American Water Capital Corp., 4.45%, 06/01/32(c)
USD
900
872,474
Wireless Telecommunication Services — 0.4%
Altice France SA(b)
 
5.50%, 01/15/28
 
381
304,406
5.13%, 01/15/29
 
200
157,121
5.13%, 07/15/29
 
800
626,666
5.50%, 10/15/29
 
200
158,471
Rogers Communications, Inc., 5.00%, 03/15/44(c)
 
545
482,063
Vmed O2 U.K. Financing I PLC(e)
 
4.00%, 01/31/29
GBP
100
116,303
4.50%, 07/15/31
 
100
110,089
Zegona Finance PLC, 6.75%, 07/15/29(e)
EUR
100
114,077
 
 
2,069,196
Total Corporate Bonds — 73.9%
(Cost: $391,313,126)
388,379,315
Fixed Rate Loan Interests
Commercial Services & Supplies — 0.0%
TMK Hawk Parent Corp., 2024 PIK Term Loan, (3-mo.
CME Term SOFR + 11.00%), 11.00%, 12/15/31
USD
25
14,818
Diversified Consumer Services — 0.0%
Clover Holdings SPV III LLC, 2024 USD Term Loan,
15.00%, 12/09/27
 
34
34,979
Internet Software & Services — 0.1%
Abe Investment Holdings, Inc., 2025 USD Term Loan B,
11.25%, 02/21/30(d)
 
230
228,275
IT Services — 0.2%
Clover Holdings 2 LLC, Term Loan B, 7.75%, 12/09/31(d)
 
1,023
1,016,606
Software — 0.1%
Cotiviti, Inc., 2024 Term Loan B, 7.63%, 05/01/31
 
595
585,331
Total Fixed Rate Loan Interests — 0.4%
(Cost: $1,905,396)
1,880,009
Floating Rate Loan Interests(a)
Advertising Agencies — 0.1%
Clear Channel Outdoor Holdings, Inc., 2024 Term Loan,
(1-mo. CME Term SOFR at 0.00% Floor + 4.11%),
8.44%, 08/23/28
 
348
344,457
Schedule of Investments
14

Schedule of Investments (unaudited)(continued)
March 31, 2025
BlackRock Limited Duration Income Trust (BLW)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
Advertising Agencies (continued)
Planet US Buyer LLC, 2024 Term Loan B, (3-mo. CME
Term SOFR + 3.00%), 7.32%, 02/07/31
USD
237
$ 236,392
Summer BC Holdco B SARL, 2024 USD Term Loan B,
(3-mo. CME Term SOFR at 0.00% Floor + 5.26%),
9.56%, 02/15/29
 
149
148,301
 
 
729,150
Aerospace & Defense — 1.5%
Bleriot U.S. Bidco, Inc., 2023 Term Loan B, (3-mo. CME
Term SOFR at 0.00% Floor + 2.75%), 7.05%,
10/31/30
 
661
655,060
Cobham Ultra SeniorCo SARL, USD Term Loan B, (6-
mo. CME Term SOFR + 4.18%), 8.43%, 08/03/29
 
653
650,278
Dynasty Acquisition Co., Inc.
 
2024 1st Lien Term Loan B1, (1-mo. CME Term SOFR
at 0.00% Floor + 2.00%), 6.32%, 10/31/31
 
1,292
1,287,535
2024 1st Lien Term Loan B2, (1-mo. CME Term SOFR
at 0.00% Floor + 2.00%), 6.32%, 10/31/31
 
492
489,961
Goat Holdco LLC, 2025 Term Loan B, (1-mo. CME Term
SOFR at 0.00% Floor + 3.00%), 7.32%, 01/27/32
 
276
273,930
Kaman Corp.
 
2025 Delayed Draw Term Loan, 02/26/32(p)
 
(—
)(o)
2025 Term Loan B, (3-mo. CME Term SOFR at 0.00%
Floor + 2.75%), 7.05%, 02/26/32
 
352
346,805
Propulsion BC Newco LLC, 2024 Term Loan B, (3-mo.
CME Term SOFR at 0.50% Floor + 3.25%), 7.55%,
09/14/29
 
117
116,732
Signia Aerospace LLC, 2024 Term Loan, (1-mo. CME
Term SOFR at 0.50% Floor + 3.00%), 7.32%,
11/21/31
 
177
175,675
TransDigm, Inc.
 
2023 Term Loan J, (3-mo. CME Term SOFR at 0.00%
Floor + 2.50%), 6.80%, 02/28/31
 
2,717
2,699,771
2024 Term Loan, (3-mo. CME Term SOFR at 0.00%
Floor + 2.50%), 6.80%, 01/19/32
 
489
486,647
2024 Term Loan K, (3-mo. CME Term SOFR at 0.00%
Floor + 2.75%), 7.05%, 03/22/30
 
847
845,349
 
 
8,027,743
Air Freight & Logistics — 0.0%
Rand Parent LLC, 2025 Term Loan B, (3-mo. CME Term
SOFR at 0.00% Floor + 3.00%), 7.30%, 03/18/30
 
158
155,515
Automobile Components — 0.7%
Clarios Global LP
 
2024 USD Term Loan B, (1-mo. CME Term SOFR +
2.50%), 6.82%, 05/06/30
 
1,835
1,807,818
2025 USD Term Loan B, (1-mo. CME Term SOFR at
0.00% Floor + 2.75%), 7.07%, 01/28/32
 
700
688,625
Garrett LX I SARL, 2025 Term Loan B, (3-mo. CME Term
SOFR at 0.50% Floor + 2.25%), 6.54%, 01/17/32
 
53
52,536
RealTruck Group, Inc., 2023 Incremental Term Loan,
(1-mo. CME Term SOFR + 5.11%), 9.44%, 01/31/28
 
236
230,182
Tenneco, Inc., 2022 Term Loan B, (3-mo. CME Term
SOFR + 5.10%), 9.42%, 11/17/28
 
644
625,807
 
 
3,404,968
Banks — 0.2%
AqGen Island Holdings, Inc., 2024 Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 3.00%), 7.32%,
08/02/28
 
1,032
1,022,971
Security
 
Par
(000)
Value
Beverages — 0.3%
Naked Juice LLC
 
2nd Lien Term Loan, (3-mo. CME Term SOFR at
0.50% Floor + 6.10%), 10.40%, 01/24/30
USD
911
$ 199,987
Term Loan, (3-mo. CME Term SOFR + 3.10%),
7.40%, 01/24/29
 
1,482
757,254
Primo Brands Corp., 2025 Term Loan B, (3-mo. CME
Term SOFR at 0.50% Floor + 2.25%), 6.55%,
03/31/28
 
504
501,322
 
 
1,458,563
Building Materials — 1.9%
ACProducts Holdings, Inc., 2021 Term Loan B, (3-mo.
CME Term SOFR at 0.50% Floor + 4.51%), 8.81%,
05/17/28
 
259
169,294
Azek Group LLC, 2024 Term Loan B, (1-mo. CME Term
SOFR at 0.50% Floor + 2.00%), 6.32%, 09/19/31(d)
 
461
460,845
Chariot Buyer LLC, Term Loan B, (1-mo. CME Term
SOFR + 3.25%), 7.67%, 11/03/28
 
1,888
1,868,604
CP Iris Holdco I, Inc., 2021 Term Loan, (1-mo. CME Term
SOFR + 3.50%), 7.82%, 10/02/28
 
521
512,927
EMRLD Borrower LP
 
2024 Term Loan B, (3-mo. CME Term SOFR at 0.00%
Floor + 2.50%), 6.80%, 08/04/31
 
903
894,263
Term Loan B, (6-mo. CME Term SOFR at 0.00% Floor
+ 2.50%), 6.93%, 05/31/30
 
1,015
1,004,044
New AMI I LLC, 2022 Term Loan B, (1-mo. CME Term
SOFR at 0.50% Floor + 6.00%), 10.32%, 03/08/29
 
385
368,983
Oscar AcquisitionCo LLC, Term Loan B, (3-mo. CME
Term SOFR at 0.50% Floor + 4.25%), 8.55%,
04/29/29
 
581
541,558
Potters Borrower LP, 2025 Repriced Term Loan B, (3-mo.
CME Term SOFR at 0.75% Floor + 3.00%), 7.32%,
12/14/27
 
255
255,233
Quikrete Holdings, Inc.
 
2024 Term Loan B1, (1-mo. CME Term SOFR +
2.25%), 6.57%, 03/19/29
 
514
508,538
2025 Term Loan B, (1-mo. CME Term SOFR at 0.00%
Floor + 2.25%), 6.57%, 02/10/32
 
381
376,333
2025 Term Loan B1, (1-mo. CME Term SOFR at
0.00% Floor + 2.25%), 6.57%, 04/14/31
 
792
782,430
Smyrna Ready Mix Concrete LLC, 2025 Term Loan B,
(1-mo. CME Term SOFR + 3.00%), 7.32%,
04/02/29(d)
 
206
203,734
Standard Industries, Inc., 2021 Term Loan B, (1-mo.
CME Term SOFR + 1.75%), 6.07%, 09/22/28
 
221
220,787
Wilsonart LLC, 2024 Term Loan B, (3-mo. CME Term
SOFR at 0.00% Floor + 4.25%), 8.55%, 08/05/31
 
1,530
1,452,356
Zurn LLC, 2021 Term Loan B, (1-mo. CME Term SOFR +
2.11%), 6.44%, 10/04/28
 
389
389,754
 
 
10,009,683
Building Products — 0.8%
Beacon Roofing Supply, Inc., 2024 Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 2.00%), 6.32%,
05/19/28
 
859
857,158
Foundation Building Materials, Inc., 2024 Term Loan B2,
(3-mo. CME Term SOFR at 0.00% Floor + 4.26%),
8.55%, 01/29/31
 
1,257
1,140,070
Gulfside Supply, Inc., Term Loan B, (3-mo. CME Term
SOFR at 0.00% Floor + 3.00%), 7.30%, 06/17/31
 
268
265,690
15

Schedule of Investments (unaudited)(continued)
March 31, 2025
BlackRock Limited Duration Income Trust (BLW)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
Building Products (continued)
GYP Holdings III Corp., 2024 Term Loan, (1-mo. CME
Term SOFR + 2.25%), 6.57%, 05/12/30
USD
158
$ 157,435
White Cap Supply Holdings LLC, 2024 Term Loan B,
(1-mo. CME Term SOFR at 0.00% Floor + 3.25%),
7.57%, 10/19/29
 
1,794
1,736,750
 
 
4,157,103
Capital Markets — 1.5%
Aretec Group, Inc., 2024 1st Lien Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 3.50%), 7.82%,
08/09/30
 
332
328,879
Citadel Securities Global Holdings LLC, 2024 First Lien
Term Loan, (1-mo. CME Term SOFR at 0.00% Floor +
2.00%), 6.32%, 10/31/31
 
737
735,481
CPI Holdco B LLC
 
2024 Incremental Term Loan B, (1-mo. CME Term
SOFR at 0.00% Floor + 2.25%), 6.57%, 05/17/31
 
430
426,508
2024 Term Loan, (1-mo. CME Term SOFR + 2.00%),
6.32%, 05/19/31
 
941
931,076
Deerfield Dakota Holding LLC
 
2020 USD Term Loan B, (3-mo. CME Term SOFR at
1.00% Floor + 3.75%), 8.05%, 04/09/27
 
1,440
1,362,977
2021 USD 2nd Lien Term Loan, (3-mo. CME Term
SOFR at 0.75% Floor + 7.01%), 11.31%, 04/07/28
 
536
511,074
Edelman Financial Engines Center LLC, 2024 Term
Loan, (1-mo. CME Term SOFR at 0.00% Floor +
3.00%), 7.32%, 04/07/28
 
493
490,996
FinCo I LLC, 2024 Term Loan B, (1-mo. CME Term
SOFR at 0.00% Floor + 2.25%), 6.57%, 06/27/29
 
76
75,820
Focus Financial Partners LLC, 2025 Incremental Term
Loan B, (1-mo. CME Term SOFR at 0.00% Floor +
2.75%), 7.07%, 09/15/31
 
790
781,230
Guardian U.S. Holdco LLC, 2023 Term Loan B, (3-mo.
CME Term SOFR at 0.50% Floor + 3.50%), 7.80%,
01/31/30
 
139
137,175
Jane Street Group LLC, 2024 Term Loan B1, (3-mo.
CME Term SOFR at 0.00% Floor + 2.00%), 6.31%,
12/15/31
 
963
950,743
Jefferies Finance LLC, 2024 Term Loan, (1-mo. CME
Term SOFR at 0.00% Floor + 3.00%), 7.32%,
10/21/31
 
400
398,330
Osaic Holdings, Inc., 2024 Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 3.50%), 7.82%,
08/17/28
 
667
661,600
 
 
7,791,889
Chemicals — 2.1%
Advancion Holdings LLC, 2020 USD Term Loan, (1-mo.
CME Term SOFR + 4.10%), 8.42%, 11/24/27
 
327
317,597
Axalta Coating Systems U.S. Holdings, Inc., 2024 Term
Loan B, (3-mo. CME Term SOFR at 0.50% Floor +
1.75%), 6.05%, 12/20/29
 
718
716,668
Chemours Co., 2023 USD Term Loan B, (1-mo. CME
Term SOFR + 3.00%), 7.32%, 08/18/28
 
597
594,421
Derby Buyer LLC, 2024 Repriced Term Loan B, (1-mo.
CME Term SOFR at 0.50% Floor + 3.00%), 7.31%,
11/01/30
 
846
838,590
Discovery Purchaser Corp., Term Loan, (3-mo. CME
Term SOFR at 0.50% Floor + 3.75%), 8.04%,
10/04/29
 
75
73,994
Security
 
Par
(000)
Value
Chemicals (continued)
Ecovyst Catalyst Technologies LLC, 2024 Term Loan B,
(3-mo. CME Term SOFR at 0.00% Floor + 2.00%),
6.29%, 06/12/31
USD
738
$ 725,377
Element Solutions, Inc., 1st Lien, Term Loan B2, (1-mo.
CME Term SOFR + 1.75%), 6.07%, 12/18/30
 
809
806,579
Fortis 333, Inc., USD Term Loan B, 02/06/32(d)(p)
 
306
303,322
H.B. Fuller Co., 2025 Term Loan B, (1-mo. CME Term
SOFR at 0.50% Floor + 1.75%), 6.07%, 02/15/30
 
313
312,511
Herens U.S. Holdco Corp., USD Term Loan B, (3-mo.
CME Term SOFR at 0.75% Floor + 4.03%), 8.32%,
07/03/28
 
695
637,781
INEOS U.S. Finance LLC, 2023 USD Term Loan B, (1-
mo. CME Term SOFR at 0.00% Floor + 3.25%),
7.57%, 02/18/30
 
294
282,147
INEOS US Petrochem LLC, 2024 USD Term Loan B,
(1-mo. CME Term SOFR at 0.00% Floor + 4.25%),
8.57%, 10/07/31(d)
 
298
278,630
Minerals Technologies, Inc., 2024 Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 2.00%), 6.32%,
11/26/31(d)
 
499
497,503
Momentive Performance Materials, Inc., 2023 Term
Loan, (1-mo. CME Term SOFR + 4.00%), 8.32%,
03/29/28
 
1,276
1,266,970
Nouryon Finance BV, 2024 USD Term Loan B1, (3-mo.
CME Term SOFR at 0.00% Floor + 3.25%), 7.55%,
04/03/28
 
649
646,157
OQ Chemicals Corp.
 
2017 USD Term Loan B2, (3-mo. CME Term SOFR at
0.00% Floor + 3.50%), 7.90%, 12/31/26
 
911
792,380
2024 USD Term Loan B, (1-mo. CME Term SOFR at
3.00% Floor + 8.00%), 12.32%, 12/31/26
 
102
105,785
Paint Intermediate III, LLC, 2024 Term Loan B, (3-mo.
CME Term SOFR at 0.00% Floor + 3.00%), 7.30%,
10/09/31
 
277
276,307
Sparta U.S. HoldCo LLC, 2024 Term Loan B, (1-mo.
CME Term SOFR at 0.75% Floor + 3.00%), 7.32%,
08/02/30
 
857
849,090
WR Grace Holdings LLC, 2021 Term Loan B, (3-mo.
CME Term SOFR at 0.50% Floor + 3.25%), 7.55%,
09/22/28
 
803
794,086
 
 
11,115,895
Commercial Services & Supplies — 4.5%
Aggreko Holdings, Inc., 2025 USD Term Loan B, (3-mo.
CME Term SOFR at 0.50% Floor + 3.00%), 7.30%,
08/16/29
 
1,011
1,010,252
AlixPartners LLP, 2021 USD Term Loan B, (1-mo. CME
Term SOFR at 0.50% Floor + 2.61%), 6.94%,
02/04/28
 
1,046
1,045,242
Allied Universal Holdco LLC, 2021 USD Incremental
Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor
+ 3.85%), 8.17%, 05/12/28
 
2,395
2,391,124
APi Group DE, Inc., 2025 Term Loan, (1-mo. CME Term
SOFR at 0.00% Floor + 1.75%), 6.07%, 01/03/29
 
1,251
1,246,036
Avis Budget Car Rental LLC, 2020 Term Loan B, (1-mo.
CME Term SOFR + 1.86%), 6.19%, 08/06/27
 
472
460,179
Belron Finance LLC, 2024 USD Term Loan B, (3-mo.
CME Term SOFR at 0.50% Floor + 2.75%), 7.05%,
10/16/31
 
1,836
1,829,827
Schedule of Investments
16

Schedule of Investments (unaudited)(continued)
March 31, 2025
BlackRock Limited Duration Income Trust (BLW)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
Commercial Services & Supplies (continued)
Bright Horizons Family Solutions LLC, 2024 Term Loan
B, (1-mo. CME Term SOFR at 0.50% Floor + 1.75%),
6.07%, 11/24/28
USD
841
$ 839,385
Camelot U.S. Acquisition LLC, 2024 Term Loan B, (1-mo.
CME Term SOFR + 2.75%), 7.07%, 01/31/31
 
1,098
1,082,096
Champions Financing, Inc., 2024 Term Loan B, (3-mo.
CME Term SOFR at 0.00% Floor + 4.75%), 9.07%,
02/23/29
 
770
690,505
CHG Healthcare Services Inc., 2024 Term Loan B1, (3-
mo. CME Term SOFR at 0.50% Floor + 3.00%),
7.31%, 09/29/28
 
454
452,740
Creative Artists Agency LLC, 2024 1st Lien Term Loan B,
(1-mo. CME Term SOFR at 0.00% Floor + 2.75%),
7.07%, 10/01/31
 
1,793
1,786,361
Element Materials Technology Group U.S. Holdings, Inc.,
2022 USD Term Loan, (3-mo. CME Term SOFR at
0.50% Floor + 3.75%), 8.05%, 07/06/29
 
337
335,590
Ensemble RCM LLC, 2024 Term Loan B, (3-mo. CME
Term SOFR at 0.00% Floor + 3.00%), 7.29%,
08/01/29
 
679
677,650
Fleet US Bidco, Inc., 2024 1st Lien Term Loan B, (6-mo.
CME Term SOFR at 0.00% Floor + 2.75%), 7.06%,
02/21/31(d)
 
202
201,228
Galaxy U.S. Opco, Inc., Term Loan, (3-mo. CME Term
SOFR + 4.75%), 9.29%, 07/31/30
 
329
275,274
Garda World Security Corp., 2025 Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 3.00%), 7.32%,
02/01/29
 
624
620,765
Grant Thornton Advisors Holdings LLC, 2025 Term Loan
B, (1-mo. CME Term SOFR at 0.00% Floor + 2.75%),
7.07%, 06/02/31
 
245
243,971
Hertz Corp.
 
2021 Term Loan B, (1-mo. CME Term SOFR +
3.61%), 7.94%, 06/30/28
 
602
461,937
2021 Term Loan C, (1-mo. CME Term SOFR +
3.61%), 7.94%, 06/30/28
 
118
90,403
KUEHG Corp., 2024 Term Loan, (3-mo. CME Term
SOFR at 0.50% Floor + 3.25%), 7.55%, 06/12/30
 
421
419,943
Learning Care Group U.S. No. 2, Inc., 2024 Term Loan
B, (3-mo. CME Term SOFR + 4.00%), 8.30%,
08/11/28
 
109
108,356
Mavis Tire Express Services Topco Corp., 2025 Repriced
Term Loan, (3-mo. CME Term SOFR at 0.75% Floor +
3.00%), 7.31%, 05/04/28
 
1,305
1,295,688
OMNIA Partners LLC, 2024 Term Loan B, (3-mo. CME
Term SOFR at 0.00% Floor + 2.75%), 7.05%,
07/25/30
 
337
334,925
PG Polaris BidCo SARL, Term Loan B, (3-mo. CME Term
SOFR at 0.00% Floor + 3.00%), 7.30%, 03/26/31
 
379
378,735
Prime Security Services Borrower LLC
 
2024 1st Lien Term Loan B, (1-mo. CME Term SOFR
at 0.00% Floor + 2.00%), 6.32%, 10/13/30
 
445
442,425
2025 Incremental Term Loan B, (1-mo. CME Term
SOFR at 0.00% Floor + 1.75%), 6.06%, 03/07/32
 
579
571,450
Raven Acquisition Holdings LLC, Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 3.25%), 7.57%,
11/19/31
 
300
295,992
Ryan LLC, Term Loan, (1-mo. CME Term SOFR at
0.50% Floor + 3.50%), 7.82%, 11/14/30
 
47
46,355
Security
 
Par
(000)
Value
Commercial Services & Supplies (continued)
Spring Education Group, Inc., Term Loan, (3-mo. CME
Term SOFR at 0.00% Floor + 4.00%), 8.30%,
10/04/30
USD
790
$ 787,512
TMK Hawk Parent Corp., 2024 Term Loan B, (1-mo.
CME Term SOFR at 1.00% Floor + 2.00%), 6.32%,
06/30/29
 
779
467,472
TruGreen LP, 2020 Term Loan, (1-mo. CME Term SOFR
+ 4.10%), 8.42%, 11/02/27
 
320
300,674
Veritiv Operating Co., Term Loan B, (3-mo. CME Term
SOFR at 0.00% Floor + 4.50%), 8.30%, 11/30/30
 
292
290,316
Vestis Corp., Term Loan, (3-mo. CME Term SOFR +
2.25%), 6.58%, 02/22/31
 
682
678,876
Vortex Opco LLC, Second Out Term Loan, (3-mo. CME
Term SOFR at 0.50% Floor + 4.36%), 8.66%,
12/17/28
 
443
208,956
Wand NewCo 3, Inc., 2025 Repriced Term Loan B, (1-
mo. CME Term SOFR at 0.00% Floor + 2.50%),
6.82%, 01/30/31
 
1,011
995,095
 
 
23,363,335
Construction & Engineering — 1.1%
Apple Bidco LLC, 2025 Term Loan, (1-mo. CME Term
SOFR at 0.00% Floor + 2.50%), 6.82%, 09/23/31
 
1,238
1,227,155
Arcosa Inc., Term Loan B, (1-mo. CME Term SOFR at
0.00% Floor + 2.25%), 6.57%, 08/12/31
 
411
410,030
Brand Industrial Services, Inc., 2024 Term Loan B, (3-
mo. CME Term SOFR at 0.50% Floor + 4.50%),
8.79%, 08/01/30
 
2,128
2,008,962
Brown Group Holding LLC
 
2022 Incremental Term Loan B2, (1-mo. CME Term
SOFR at 0.50% Floor + 2.50%), 6.81%, 07/01/31
 
744
739,005
Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor
+ 2.50%), 6.82%, 07/01/31
 
1,047
1,040,557
Construction Partners, Inc., Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 2.50%), 6.83%,
11/03/31
 
164
162,432
Cube A&D Buyer, Inc., 2024 Term Loan, (3-mo. CME
Term SOFR at 0.00% Floor + 3.50%), 7.79%,
10/17/31
 
147
145,775
Legence Holdings LLC, 2025 Term Loan B, (1-mo. CME
Term SOFR at 0.75% Floor + 3.25%), 7.57%,
12/18/28
 
241
238,386
 
 
5,972,302
Consumer Finance — 1.4%
Boost Newco Borrower LLC, 2025 USD Term Loan B,
(3-mo. CME Term SOFR at 0.00% Floor + 2.00%),
6.30%, 01/31/31
 
2,199
2,181,357
Citrin Cooperman Advisors LLC(p)
 
2025 Delayed Draw Term Loan, 03/06/32
 
27
27,178
2025 Term Loan B, 03/06/32
 
425
421,262
Corpay Technologies Operating Co. LLC, Term Loan B5,
(1-mo. CME Term SOFR at 0.00% Floor + 1.75%),
6.07%, 04/28/28
 
1,369
1,364,410
Neon Maple U.S Debt Mergersub, Inc., 2024 Term Loan
B1, (1-mo. CME Term SOFR at 0.00% Floor + 3.00%),
7.32%, 11/17/31
 
890
883,076
Trans Union LLC
 
2024 Term Loan B8, (1-mo. CME Term SOFR at
0.00% Floor + 1.75%), 6.07%, 06/24/31
 
1,017
1,013,535
17

Schedule of Investments (unaudited)(continued)
March 31, 2025
BlackRock Limited Duration Income Trust (BLW)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
Consumer Finance (continued)
Trans Union LLC(continued)
 
2024 Term Loan B9, (1-mo. CME Term SOFR at
0.00% Floor + 1.75%), 6.07%, 06/24/31
USD
1,054
$ 1,050,438
WEX, Inc.
 
2024 Term Loan B2, 03/31/28(p)
 
170
168,937
2025 Incremental Term Loan B, (1-mo. CME Term
SOFR at 0.00% Floor + 1.75%), 6.07%, 03/05/32
 
310
306,900
 
 
7,417,093
Containers & Packaging — 0.9%
Charter Next Generation, Inc., 2024 Term Loan B1, (1-
mo. CME Term SOFR at 0.75% Floor + 3.00%),
7.31%, 11/29/30
 
1,881
1,877,039
Clydesdale Acquisition Holdings, Inc.(p)
 
2025 Delayed Draw Term Loan, 03/26/32
 
11
11,395
2025 Term Loan B, 03/26/32
 
656
651,773
LABL, Inc., 2021 USD 1st Lien Term Loan, (1-mo. CME
Term SOFR at 0.50% Floor + 5.10%), 9.42%,
10/30/28
 
803
663,465
Mauser Packaging Solutions Holding Co., 2024 Term
Loan B, (1-mo. CME Term SOFR + 3.00%), 7.32%,
04/15/27
 
646
643,283
Pregis TopCo LLC, 1st Lien Term Loan, (1-mo. CME
Term SOFR at 0.00% Floor + 4.00%), 8.32%,
07/31/26
 
254
253,440
Trident TPI Holdings, Inc., 2024 Term Loan B7, (3-mo.
CME Term SOFR at 0.50% Floor + 3.75%), 8.05%,
09/15/28
 
621
598,846
 
 
4,699,241
Diversified REITs — 0.2%
SBA Senior Finance II LLC, 2024 Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 1.75%), 6.08%,
01/25/31
 
1,025
1,023,511
Diversified Telecommunication Services — 1.3%
Altice Financing SA, USD 2017 1st Lien Term Loan, (1-
mo. CME Term SOFR + 2.75%), 7.43%, 01/31/26(d)
 
512
466,294
Ciena Corp., 2025 Repriced Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 1.75%), 6.07%,
10/24/30
 
827
825,599
Connect Finco SARL, 2024 Extended Term Loan B, (1-
mo. CME Term SOFR at 0.50% Floor + 4.50%),
8.82%, 09/27/29
 
481
421,256
Iridium Satellite LLC, 2024 Term Loan B, (1-mo. CME
Term SOFR at 0.75% Floor + 2.25%), 6.57%,
09/20/30
 
369
362,625
Level 3 Financing, Inc., 2025 Term Loan B, 03/27/32(p)
 
1,629
1,607,106
Lumen Technologies, Inc.
 
2024 Extended Term Loan B1, (1-mo. CME Term
SOFR at 2.00% Floor + 2.46%), 6.79%, 04/15/29
 
408
392,046
2024 Extended Term Loan B2, (1-mo. CME Term
SOFR at 2.00% Floor + 2.46%), 6.79%, 04/15/30
 
418
400,181
2024 Term Loan A, (1-mo. CME Term SOFR +
6.00%), 10.32%, 06/01/28
 
46
46,271
Zayo Group Holdings, Inc., USD Term Loan, (1-mo. CME
Term SOFR at 0.00% Floor + 3.11%), 7.44%,
03/09/27
 
2,557
2,374,518
 
 
6,895,896
Security
 
Par
(000)
Value
Electric Utilities — 0.9%
Calpine Construction Finance Co. LP, 2023 Refinancing
Term Loan B, (1-mo. CME Term SOFR at 0.00% Floor
+ 2.00%), 6.32%, 07/31/30
USD
931
$ 927,775
Calpine Corp., 2024 Term Loan B10, (1-mo. CME Term
SOFR at 0.00% Floor + 1.75%), 6.07%, 01/31/31
 
410
408,710
Constellation Renewables LLC, 2020 Term Loan, (3-mo.
CME Term SOFR at 1.00% Floor + 2.25%), 6.56%,
12/15/27
 
516
514,399
Hamilton Projects Acquiror LLC, 2024 Term Loan B, (1-
mo. CME Term SOFR at 0.50% Floor + 3.00%),
7.32%, 05/22/31
 
185
184,393
NRG Energy, Inc., 2024 Term Loan, (3-mo. CME Term
SOFR at 0.00% Floor + 1.75%), 6.04%, 04/16/31
 
783
780,476
Pike Corp., 2021 Incremental Term Loan B, (1-mo. CME
Term SOFR + 3.11%), 7.44%, 01/21/28
 
424
424,508
Talen Energy Supply LLC, 2024-1 Incremental Term
Loan, (3-mo. CME Term SOFR at 0.00% Floor +
2.50%), 6.82%, 12/15/31
 
337
336,130
Thunder Generation Funding LLC, Term Loan B, (3-mo.
CME Term SOFR at 0.00% Floor + 3.00%), 7.30%,
10/03/31
 
504
503,625
Vistra Operations Co. LLC, 1st Lien Term Loan B3, (1-
mo. CME Term SOFR + 1.75%), 6.07%, 12/20/30
 
685
682,380
 
 
4,762,396
Electronic Equipment, Instruments & Components — 0.3%
Celestica Inc., 2024 Term Loan B, (1-mo. CME Term
SOFR at 0.00% Floor + 1.75%), 6.07%, 06/20/31
 
228
227,990
Coherent Corp., 2024 1st Lien Term Loan B, (1-mo. CME
Term SOFR at 0.50% Floor + 2.00%), 6.32%,
07/02/29
 
906
903,581
Roper Industrial Products Investment Co., 2024 USD 1st
Lien Term Loan B, (3-mo. CME Term SOFR at 0.50%
Floor + 2.75%), 7.05%, 11/22/29
 
581
577,369
 
 
1,708,940
Entertainment — 3.3%
Ballys Corp., 2021 Term Loan B, (3-mo. CME Term
SOFR at 0.50% Floor + 3.51%), 7.80%, 10/02/28
 
760
674,292
Caesars Entertainment, Inc.
 
2024 Term Loan B1, (3-mo. CME Term SOFR +
2.25%), 6.56%, 02/06/31
 
1,902
1,886,611
Term Loan B, (3-mo. CME Term SOFR + 2.25%),
6.56%, 02/06/30
 
485
480,985
Crown Finance US, Inc., 2024 Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 5.25%), 9.57%,
12/02/31
 
344
341,925
Delta 2 Lux SARL
 
2024 Term Loan B1, (3-mo. CME Term SOFR at
0.50% Floor + 2.00%), 6.30%, 09/30/31
 
894
891,578
2024 Term Loan B2, 09/30/31(p)
 
449
447,457
DK Crown Holdings, Inc., 2025 Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 1.75%), 6.07%,
03/04/32
 
515
511,462
ECL Entertainment LLC, 2024 1st Lien Term Loan B,
(1-mo. CME Term SOFR at 0.00% Floor + 3.50%),
7.82%, 08/31/30
 
378
376,842
EOC Borrower LLC, Term Loan B, (1-mo. CME Term
SOFR at 0.00% Floor + 3.00%), 7.32%, 03/24/32
 
1,882
1,878,481
Flutter Financing BV, 2024 Term Loan B, (3-mo. CME
Term SOFR at 0.50% Floor + 1.75%), 6.05%,
11/30/30
 
1,702
1,690,515
Schedule of Investments
18

Schedule of Investments (unaudited)(continued)
March 31, 2025
BlackRock Limited Duration Income Trust (BLW)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
Entertainment (continued)
Great Canadian Gaming Corp., 2024 Term Loan B, (3-
mo. CME Term SOFR at 0.00% Floor + 4.75%),
9.05%, 11/01/29
USD
461
$ 453,090
Herschend Entertainment Co. LLC, 2021 Term Loan,
(1-mo. CME Term SOFR + 3.00%), 7.32%, 08/27/28
 
91
91,185
Light & Wonder International, Inc., 2024 Term Loan B2,
(1-mo. CME Term SOFR at 0.50% Floor + 2.25%),
6.57%, 04/14/29
 
659
656,549
Live Nation Entertainment, Inc., Term Loan B4, (1-mo.
CME Term SOFR at 0.00% Floor + 1.85%), 6.17%,
10/19/26
 
854
851,672
Motion Finco SARL, 2024 USD Term Loan B, (3-mo.
CME Term SOFR at 0.00% Floor + 3.50%), 7.80%,
11/12/29
 
688
660,212
OVG Business Services LLC, 2024 Term Loan B, (1-mo.
CME Term SOFR + 3.00%), 7.32%, 06/25/31(d)
 
476
472,589
Penn Entertainment, Inc., 2022 Term Loan B, (1-mo.
CME Term SOFR at 0.50% Floor + 2.50%), 6.82%,
05/03/29
 
1,151
1,148,838
Scientific Games Holdings LP, 2024 USD Term Loan B,
(3-mo. CME Term SOFR at 0.50% Floor + 3.00%),
7.30%, 04/04/29
 
299
297,539
SeaWorld Parks & Entertainment, Inc., 2024 Term Loan
B3, (1-mo. CME Term SOFR at 0.50% Floor + 2.00%),
6.32%, 12/04/31
 
239
236,796
Six Flags Entertainment Corp., 2024 Term Loan B, (1-
mo. CME Term SOFR at 0.00% Floor + 2.00%),
6.32%, 05/01/31
 
242
241,201
UFC Holdings LLC, 2024 Term Loan B, (3-mo. CME
Term SOFR at 0.00% Floor + 2.25%), 6.58%,
11/21/31
 
1,297
1,292,691
WMG Acquisition Corp., 2024 Term Loan J, (3-mo. CME
Term SOFR at 0.00% Floor + 1.75%), 6.04%,
01/24/31
 
1,622
1,615,127
 
 
17,197,637
Environmental, Maintenance & Security Service — 1.5%
Action Environmental Group, Inc., 2023 Term Loan B,
(3-mo. CME Term SOFR + 3.75%), 8.05%,
10/24/30(d)
 
357
356,053
Clean Harbors, Inc., 2024 Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 1.75%), 6.07%,
10/09/28
 
653
657,327
Filtration Group Corp., 2025 USD Term Loan B, (1-mo.
CME Term SOFR at 0.50% Floor + 3.00%), 7.32%,
10/21/28
 
1,570
1,567,286
GFL ES US LLC, 2025 Term Loan B, (3-mo. CME Term
SOFR at 0.00% Floor + 2.50%), 6.82%, 02/04/32
 
1,305
1,290,645
JFL-Tiger Acquisition Co., Inc., Term Loan B, (3-mo.
CME Term SOFR at 0.50% Floor + 4.00%), 8.30%,
10/17/30
 
348
347,427
Madison IAQ LLC
 
2025 Term Loan B, 03/28/32(d)(p)
 
848
839,520
Term Loan, (6-mo. CME Term SOFR at 0.50% Floor +
2.50%), 6.76%, 06/21/28
 
1,798
1,775,309
Packers Holdings LLC, 2021 Term Loan, (1-mo. CME
Term SOFR at 0.75% Floor + 3.35%), 7.67%,
03/09/28
 
484
277,891
Reworld Holding Corp , Term Loan B, (1-mo. CME Term
SOFR at 0.50% Floor + 2.25%), 6.57%, 11/30/28
 
474
472,065
Security
 
Par
(000)
Value
Environmental, Maintenance & Security Service (continued)
Reworld Holding Corp.
 
2024 1st Lien Term Loan B, (1-mo. CME Term SOFR
at 0.50% Floor + 2.50%), 6.81%, 11/30/28
USD
111
$ 110,637
2024 1st Lien Term Loan C, (1-mo. CME Term SOFR
at 0.50% Floor + 2.50%), 6.81%, 11/30/28
 
6
6,091
Term Loan C, (1-mo. CME Term SOFR at 0.50% Floor
+ 2.25%), 6.57%, 11/30/28
 
37
36,358
 
 
7,736,609
Financial Services — 0.1%
Apex Group Treasury LLC, 2025 USD Term Loan B,
(3-mo. CME Term SOFR at 0.00% Floor + 3.50%),
7.82%, 02/27/32
 
414
412,191
Setanta Aircraft Leasing DAC, 2024 Term Loan B, (3-mo.
CME Term SOFR at 0.00% Floor + 1.75%), 6.05%,
11/05/28
 
295
296,292
 
 
708,483
Food Products — 1.8%
Aramark Services, Inc.
 
2024 Term Loan B7, (1-mo. CME Term SOFR +
2.00%), 6.32%, 04/06/28
 
383
382,788
2024 Term Loan B8, (1-mo. CME Term SOFR at
0.00% Floor + 2.00%), 6.32%, 06/22/30
 
1,059
1,057,193
Chobani LLC, 2025 Repriced Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 2.50%), 6.82%,
10/25/27
 
2,780
2,777,878
Froneri U.S., Inc., 2024 USD Term Loan B4, (6-mo. CME
Term SOFR at 0.00% Floor + 2.00%), 6.24%,
09/17/31
 
2,397
2,378,927
H-Food Holdings LLC, 2018 Term Loan B, 05/23/25(d)(p)
 
75
75,223
Nomad Foods U.S. LLC, 2023 Term Loan B5, (6-mo.
CME Term SOFR at 0.50% Floor + 2.50%), 6.97%,
11/12/29
 
576
573,849
U.S. Foods, Inc.
 
2024 1st Lien Term Loan B, (1-mo. CME Term SOFR
at 0.00% Floor + 1.75%), 6.07%, 10/03/31
 
648
649,931
2024 Term Loan B, (1-mo. CME Term SOFR at 0.00%
Floor + 1.75%), 6.07%, 11/22/28
 
251
252,878
UTZ Quality Foods LLC, 2025 Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 2.50%), 6.82%,
01/29/32
 
1,135
1,130,233
 
 
9,278,900
Ground Transportation — 0.5%
Genesee & Wyoming, Inc., 2024 Term Loan B, (3-mo.
CME Term SOFR at 0.00% Floor + 1.75%), 6.05%,
04/10/31
 
2,395
2,371,816
Health Care Equipment & Supplies — 1.4%
Avantor Funding, Inc., 2024 Term Loan, (1-mo. CME
Term SOFR at 0.50% Floor + 2.10%), 6.42%,
11/08/27
 
80
80,244
Bausch & Lomb Corp.
 
2023 Incremental Term Loan, (1-mo. CME Term
SOFR at 0.00% Floor + 4.00%), 8.32%, 09/29/28
 
453
451,120
Term Loan, (1-mo. CME Term SOFR at 0.50% Floor +
3.35%), 7.67%, 05/10/27
 
1,293
1,287,197
19

Schedule of Investments (unaudited)(continued)
March 31, 2025
BlackRock Limited Duration Income Trust (BLW)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
Health Care Equipment & Supplies (continued)
Medline Borrower LP, 2024 USD Add-on Term Loan B,
(1-mo. CME Term SOFR at 0.50% Floor + 2.25%),
6.57%, 10/23/28
USD
4,259
$ 4,249,314
Sotera Health Holdings LLC, 2024 Term Loan B, (3-mo.
CME Term SOFR at 0.00% Floor + 3.25%), 7.55%,
05/30/31
 
1,181
1,176,636
 
 
7,244,511
Health Care Providers & Services — 1.3%
Concentra Health Services, Inc., 2025 Repriced Term
Loan B, (1-mo. CME Term SOFR at 0.00% Floor +
2.00%), 6.32%, 07/26/31(d)
 
205
204,971
Examworks Bidco, Inc., 2021 Term Loan, (1-mo. CME
Term SOFR at 0.50% Floor + 2.75%), 7.07%,
11/01/28
 
1,218
1,214,699
EyeCare Partners LLC
 
2024 Second Out Term Loan B, (3-mo. CME Term
SOFR at 0.00% Floor + 1.10%, 3.61% PIK), 9.00%,
11/30/28(i)
 
529
412,255
2024 Superpriority New Money 1st Out Term Loan A,
(3-mo. CME Term SOFR at 0.00% Floor + 5.75%),
10.04%, 08/31/28
 
299
303,061
2024 Third Out Term Loan C, 11/30/28(d)(f)(h)(p)
 
14
3,228
Fortrea Holdings, Inc., Term Loan B, (1-mo. CME Term
SOFR + 3.75%), 8.07%, 07/01/30
 
56
52,564
ICON Luxembourg SARL, 2024 LUX Term Loan B, (3-
mo. CME Term SOFR at 0.50% Floor + 2.00%),
6.30%, 07/03/28
 
258
258,437
Medical Solutions Holdings, Inc.
 
2021 1st Lien Term Loan, (3-mo. CME Term SOFR at
0.50% Floor + 3.60%), 7.89%, 11/01/28
 
389
247,865
2021 2nd Lien Term Loan, (3-mo. CME Term SOFR at
0.50% Floor + 7.10%), 11.39%, 11/01/29
 
247
123,500
Opal Bidco SAS, 1st Lien, Term Loan B, 03/31/32(d)(p)
 
980
975,100
Phoenix Newco, Inc., 2025 Term Loan B, (1-mo. CME
Term SOFR at 0.50% Floor + 2.50%), 6.82%,
11/15/28
 
1,423
1,418,924
Precision Medicine Group LLC, 2021 Term Loan, (3-mo.
CME Term SOFR at 0.75% Floor + 3.10%), 7.40%,
11/18/27
 
151
149,578
Star Parent, Inc., Term Loan B, (3-mo. CME Term SOFR
at 0.00% Floor + 4.00%), 8.30%, 09/27/30
 
605
577,318
Surgery Center Holdings, Inc., 2024 Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 2.75%), 7.07%,
12/19/30
 
682
680,552
 
 
6,622,052
Hotel & Resort REITs — 0.0%
RHP Hotel Properties LP, 2024 1st Lien Term Loan B,
(1-mo. CME Term SOFR at 0.00% Floor + 2.00%),
6.32%, 05/18/30
 
247
246,463
Hotels, Restaurants & Leisure — 2.8%
1011778 B.C. Unlimited Liability Co., 2024 Term Loan
B6, (1-mo. CME Term SOFR at 0.00% Floor + 1.75%),
6.07%, 09/20/30
 
1,167
1,153,951
Aimbridge Acquisition Co., Inc.
 
2025 1st Lien Second Out Term Loan, (1-mo. CME
Term SOFR at 1.00% Floor + 7.61%), 11.94%,
03/11/30
 
104
101,580
2025 First Out Term Loan, (1-mo. CME Term SOFR at
1.00% Floor + 5.61%), 9.93%, 03/11/30
 
117
116,256
Security
 
Par
(000)
Value
Hotels, Restaurants & Leisure (continued)
Alterra Mountain Co., 2024 Term Loan B7, (1-mo. CME
Term SOFR at 0.00% Floor + 3.00%), 7.32%,
05/31/30
USD
606
$ 605,417
Carnival Corp.
 
2025 Term Loan (2027), (1-mo. CME Term SOFR at
0.75% Floor + 2.00%), 6.32%, 08/08/27
 
352
350,870
2025 Term Loan (2028), (1-mo. CME Term SOFR at
0.75% Floor + 2.00%), 6.32%, 10/18/28
 
340
339,255
City Football Group Ltd., 2024 Term Loan, (1-mo. CME
Term SOFR at 0.50% Floor + 3.61%), 7.94%,
07/22/30
 
857
844,427
Fender Musical Instruments Corp., 2021 Term Loan B,
(1-mo. CME Term SOFR at 0.50% Floor + 4.10%),
8.42%, 12/01/28(d)
 
211
179,072
Fertitta Entertainment LLC/NV, 2022 Term Loan B, (1-
mo. CME Term SOFR at 0.50% Floor + 3.50%),
7.82%, 01/27/29
 
2,518
2,476,350
Four Seasons Hotels Ltd., 2024 1st Lien Term Loan B,
(1-mo. CME Term SOFR at 0.50% Floor + 1.75%),
6.07%, 11/30/29
 
1,304
1,302,319
Hilton Domestic Operating Co., Inc., 2023 Term Loan B4,
(1-mo. CME Term SOFR + 1.75%), 6.07%, 11/08/30
 
1,350
1,348,445
IRB Holding Corp., 2024 1st Lien Term Loan B, (1-mo.
CME Term SOFR at 0.75% Floor + 2.50%), 6.82%,
12/15/27
 
952
945,925
Playa Resorts Holding BV, 2022 Term Loan B, (1-mo.
CME Term SOFR + 2.75%), 7.07%, 01/05/29
 
221
220,438
Sabre GLBL, Inc.
 
2021 Term Loan B1, (1-mo. CME Term SOFR at
0.50% Floor + 3.61%), 7.94%, 12/17/27
 
115
109,863
2021 Term Loan B2, (1-mo. CME Term SOFR at
0.50% Floor + 3.61%), 7.94%, 12/17/27
 
65
62,677
2022 1st Lien Term Loan B, (1-mo. CME Term SOFR
+ 5.10%), 9.42%, 06/30/28
 
28
26,866
2024 Term Loan B1, (1-mo. CME Term SOFR at
0.50% Floor + 6.10%), 10.42%, 11/15/29
 
523
509,626
2024 Term Loan B2, (1-mo. CME Term SOFR at
0.50% Floor + 6.10%), 10.42%, 11/15/29
 
159
154,655
Station Casinos LLC, 2024 Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 2.00%), 6.32%,
03/14/31
 
1,399
1,390,127
Whatabrands LLC, 2024 1st Lien Term Loan B, (1-mo.
CME Term SOFR at 0.50% Floor + 2.50%), 6.82%,
08/03/28
 
1,662
1,653,656
Wyndham Hotels & Resorts, Inc., 2024 Term Loan, (1-
mo. CME Term SOFR at 0.00% Floor + 1.75%),
6.07%, 05/24/30
 
682
681,083
 
 
14,572,858
Household Durables — 0.9%
AI Aqua Merger Sub, Inc., 2024 1st Lien Term Loan B,
(1-mo. CME Term SOFR at 0.50% Floor + 3.00%),
7.32%, 07/31/28
 
1,131
1,119,880
Hunter Douglas, Inc., 2025 USD Term Loan B, (3-mo.
CME Term SOFR at 0.50% Floor + 3.25%), 7.55%,
01/20/32
 
1,395
1,328,676
Somnigroup International, Inc., 2024 Term Loan B, (3-
mo. SOFR + 2.50%), 6.81%, 10/24/31
 
302
301,801
Schedule of Investments
20

Schedule of Investments (unaudited)(continued)
March 31, 2025
BlackRock Limited Duration Income Trust (BLW)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
Household Durables (continued)
Springs Windows Fashions, LLC, 2024 First Lien Second
Out TL A2, (1-mo. CME Term SOFR at 1.00% Floor +
4.11%), 8.44%, 10/06/28
USD
950
$ 777,264
SWF Holdings I Corp., 2024 FLFO A1 Term Loan, (1-mo.
CME Term SOFR at 1.00% Floor + 4.50%), 8.82%,
12/19/29
 
129
129,012
Weber-Stephen Products LLC, Term Loan B, (1-mo.
CME Term SOFR at 0.75% Floor + 3.36%), 7.69%,
10/30/27
 
864
834,320
 
 
4,490,953
Household Products — 0.0%
Reynolds Consumer Products LLC, 2025 Term Loan B,
(1-mo. CME Term SOFR at 0.00% Floor + 1.75%),
6.07%, 03/04/32
 
209
208,639
Industrial Conglomerates — 0.0%
Stitch Acquisition Corp., 2024 2nd Lien Term Loan, (3-
mo. CME Term SOFR + 7.50%), 12.06%, 12/31/29(d)
 
54
45,038
Insurance — 4.4%
Alliant Holdings Intermediate LLC, 2024 Term Loan B6,
(1-mo. CME Term SOFR at 0.00% Floor + 2.75%),
7.07%, 09/19/31
 
3,302
3,279,498
AmWINS Group, Inc., 2025 Term Loan B, (1-mo. CME
Term SOFR at 0.75% Floor + 2.25%), 6.57%,
01/30/32
 
1,789
1,773,785
Amynta Agency Borrower, Inc., 2024 1st Lien Term Loan
B, (3-mo. CME Term SOFR at 0.00% Floor + 3.00%),
7.29%, 12/06/31
 
1,198
1,185,122
Ardonagh Group Finco Pty. Ltd., 2024 USD Term Loan
B, (6-mo. CME Term SOFR at 0.00% Floor + 2.75%),
7.04%, 02/15/31
 
1,016
1,002,030
AssuredPartners, Inc., 2024 Incremental Term Loan B5,
(1-mo. CME Term SOFR at 0.50% Floor + 3.50%),
7.82%, 02/14/31
 
1,712
1,713,133
Asurion LLC
 
2020 Term Loan B8, (1-mo. CME Term SOFR at
0.00% Floor + 3.36%), 7.69%, 12/23/26
 
629
627,377
2021 2nd Lien Term Loan B3, (1-mo. CME Term
SOFR + 5.36%), 9.69%, 01/31/28
 
364
343,722
2021 Second Lien Term Loan B4, (1-mo. CME Term
SOFR + 5.36%), 9.69%, 01/20/29
 
538
497,064
2023 Term Loan B11, (1-mo. CME Term SOFR at
0.00% Floor + 4.35%), 8.67%, 08/19/28
 
661
654,641
Baldwin Insurance Group Holdings LLC, 2024 Repriced
Term Loan B, (1-mo. CME Term SOFR at 0.00% Floor
+ 3.00%), 7.32%, 05/26/31
 
939
935,562
HUB International Ltd., 2025 Term Loan B, (3-mo. CME
Term SOFR at 0.00% Floor + 2.50%), 6.79%,
06/20/30
 
2,530
2,517,182
Hyperion Refinance SARL, 2024 USD 1st Lien Term
Loan B, (1-mo. CME Term SOFR at 0.50% Floor +
3.00%), 7.32%, 02/15/31
 
889
881,579
Jones Deslauriers Insurance Management, Inc.,
2025 Term Loan B, (3-mo. CME Term SOFR at 0.00%
Floor + 2.75%), 7.07%, 03/15/30
 
582
574,349
Ryan Specialty LLC, 2024 USD Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 2.25%), 6.57%,
09/15/31
 
1,080
1,075,209
Security
 
Par
(000)
Value
Insurance (continued)
Sedgwick Claims Management Services, Inc., 2023 Term
Loan B, (3-mo. CME Term SOFR at 0.00% Floor +
3.00%), 7.31%, 07/31/31
USD
2,085
$ 2,076,980
TIH Insurance Holdings LLC, 2024 Term Loan B, (3-mo.
CME Term SOFR at 0.00% Floor + 2.75%), 7.05%,
05/06/31
 
1,374
1,363,335
Truist Insurance Holdings LLC, 2nd Lien Term Loan,
(3-mo. CME Term SOFR at 0.00% Floor + 4.75%),
9.05%, 05/06/32
 
227
228,403
USI, Inc.
 
2024 Term Loan C, (3-mo. CME Term SOFR at 0.00%
Floor + 2.25%), 6.55%, 09/29/30
 
1,029
1,017,854
2024 Term Loan D, (3-mo. CME Term SOFR at 0.00%
Floor + 2.25%), 6.55%, 11/21/29
 
1,512
1,496,280
 
 
23,243,105
Interactive Media & Services — 0.4%
MH Sub I LLC
 
2023 Term Loan, (1-mo. CME Term SOFR at 0.50%
Floor + 4.25%), 8.57%, 05/03/28
 
567
536,670
2024 Term Loan B4, (1-mo. CME Term SOFR at
0.50% Floor + 4.25%), 8.57%, 12/31/31
 
384
351,341
Speedster Bidco GmbH, 2024 USD Term Loan B, (3-mo.
CME Term SOFR at 0.50% Floor + 3.25%), 7.55%,
12/10/31
 
1,282
1,278,795
Voyage Australia Pty. Ltd., USD Term Loan B, (3-mo.
CME Term SOFR at 0.50% Floor + 3.76%), 8.05%,
07/20/28
 
132
131,717
 
 
2,298,523
Internet Software & Services — 1.5%
CNT Holdings I Corp., 2025 Term Loan, (3-mo. CME
Term SOFR at 0.75% Floor + 2.50%), 6.80%,
11/08/32
 
686
680,932
Gen Digital, Inc., 2024 Term Loan B, (1-mo. CME Term
SOFR + 1.75%), 6.07%, 09/12/29
 
1,762
1,751,812
Go Daddy Operating Co. LLC
 
2024 Term Loan B7, (1-mo. CME Term SOFR +
1.75%), 6.07%, 05/30/31
 
1,155
1,147,740
2024 Term Loan B8, (1-mo. CME Term SOFR at
0.00% Floor + 1.75%), 6.07%, 11/09/29
 
656
652,355
Proofpoint, Inc., 2024 Term Loan, (1-mo. CME Term
SOFR at 0.50% Floor + 3.00%), 7.32%, 08/31/28
 
1,704
1,696,864
StubHub Holdco Sub LLC, 2024 Extended Term Loan B,
(1-mo. CME Term SOFR + 4.75%), 9.07%,
03/15/30(d)
 
2,158
2,147,323
 
 
8,077,026
IT Services — 1.7%
Amentum Holdings, Inc., 2024 Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 2.25%), 6.57%,
09/29/31
 
874
843,227
Clover Holdings 2 LLC, Term Loan B, (3-mo. CME Term
SOFR at 0.00% Floor + 4.00%), 8.29%, 12/09/31
 
2,345
2,315,687
Fortress Intermediate 3, Inc., Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 3.75%), 8.07%,
06/27/31
 
310
309,471
Kaseya, Inc., 2025 1st Lien Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 3.25%), 7.57%,
03/22/32
 
1,441
1,434,703
21

Schedule of Investments (unaudited)(continued)
March 31, 2025
BlackRock Limited Duration Income Trust (BLW)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
IT Services (continued)
Magenta Security Holdings LLC
 
2024 First Out Term Loan, (3-mo. CME Term SOFR at
0.75% Floor + 7.01%), 11.30%, 07/27/28
USD
222
$ 199,909
2024 Second Out Term Loan, (3-mo. CME Term
SOFR at 0.75% Floor + 7.26%), 11.55%, 07/27/28
 
298
150,825
2024 Super Priority Term Loan, (3-mo. CME Term
SOFR at 1.00% Floor + 6.25%), 10.54%, 07/27/28
 
87
88,187
2024 Third Out Term Loan, (3-mo. CME Term SOFR
at 0.75% Floor + 1.76%), 5.79%, 07/27/28(f)(h)
 
551
150,136
McAfee Corp., 2024 USD 1st Lien Term Loan B, (1-mo.
CME Term SOFR at 0.50% Floor + 3.00%), 7.32%,
03/01/29
 
1,427
1,359,957
Peraton Corp.
 
2nd Lien Term Loan B1, (3-mo. CME Term SOFR +
7.85%), 12.18%, 02/01/29
 
223
165,954
Term Loan B, (1-mo. CME Term SOFR at 0.75% Floor
+ 3.85%), 8.17%, 02/01/28
 
1,025
910,277
Tempo Acquisition LLC, 2025 Repriced Term Loan B,
(1-mo. CME Term SOFR at 0.00% Floor + 1.75%),
6.07%, 08/31/28
 
1,032
1,022,992
 
 
8,951,325
Machinery — 2.2%
Arcline FM Holdings LLC
 
2024 Term Loan, (3-mo. CME Term SOFR at 0.75%
Floor + 4.50%), 8.80%, 06/23/28
 
1,122
1,114,507
2025 Term Loan, 06/24/30(p)
 
514
510,659
Chart Industries, Inc., 2024 Term Loan B, (3-mo. CME
Term SOFR + 2.50%), 6.81%, 03/15/30
 
268
268,045
Columbus McKinnon Corp., 2024 Term Loan, (3-mo.
CME Term SOFR at 0.50% Floor + 2.50%), 6.80%,
05/14/28(d)
 
122
121,935
Generac Power Systems, Inc., 2024 Term Loan B, (3-
mo. CME Term SOFR at 0.00% Floor + 1.75%),
6.06%, 07/03/31
 
154
154,225
GrafTech Global Enterprises, Inc., 2024 Term Loan, (3-
mo. CME Term SOFR at 2.00% Floor + 6.00%),
10.30%, 12/21/29
 
105
107,087
Husky Injection Molding Systems Ltd., 2024 Term Loan
B, (6-mo. CME Term SOFR at 0.00% Floor + 4.50%),
8.72%, 02/15/29
 
2,155
2,142,770
Madison Safety & Flow LLC, 1st Lien, Term Loan B, (1-
mo. CME Term SOFR at 0.00% Floor + 2.75%),
7.07%, 09/26/31
 
343
341,814
SPX Flow, Inc., 2024 1st Lien Term Loan B, (1-mo. CME
Term SOFR at 0.50% Floor + 3.00%), 7.32%,
04/05/29
 
1,002
998,760
TK Elevator U.S. Newco, Inc.
 
2025 USD Term Loan B, 04/30/30(p)
 
1,370
1,365,356
USD Term Loan B, (6-mo. CME Term SOFR at 0.50%
Floor + 3.50%), 7.74%, 04/30/30
 
2,056
2,049,582
Vertiv Group Corp., 2024 Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 1.75%), 6.07%,
03/02/27
 
1,363
1,358,470
WEC U.S. Holdings, Inc., 2024 Term Loan, (1-mo. CME
Term SOFR at 0.00% Floor + 2.25%), 6.57%,
01/27/31
 
824
815,366
 
 
11,348,576
Security
 
Par
(000)
Value
Media — 1.1%
Charter Communications Operating LLC
 
2023 Term Loan B4, (3-mo. CME Term SOFR at
0.00% Floor + 2.00%), 6.31%, 12/07/30
USD
637
$ 633,931
2024 Term Loan B5, (3-mo. CME Term SOFR at
0.00% Floor + 2.25%), 6.56%, 12/15/31
 
486
483,775
CSC Holdings LLC, 2019 Term Loan B5, (Prime +
1.50%), 9.00%, 04/15/27
 
1,125
1,055,251
DirecTV Financing LLC, Term Loan, (3-mo. CME Term
SOFR at 0.75% Floor + 5.26%), 9.55%, 08/02/27
 
152
152,027
Gray Media, Inc., 2024 Term Loan B, (1-mo. CME Term
SOFR + 5.25%), 9.57%, 06/04/29
 
174
167,718
Learfield Communications LLC, 2024 Term Loan B, (1-
mo. CME Term SOFR at 0.00% Floor + 4.50%),
8.82%, 06/30/28
 
358
358,404
NEP Group, Inc., 2023 Term Loan B, (3-mo. CME Term
SOFR + 3.51%, 1.50% PIK), 9.32%, 08/19/26(i)
 
449
416,711
Radiate Holdco LLC, 2021 Term Loan B, (1-mo. CME
Term SOFR at 0.75% Floor + 3.36%), 7.69%,
09/25/26
 
1,586
1,354,374
Virgin Media Bristol LLC, 2020 USD Term Loan Q, (1-
mo. CME Term SOFR + 3.36%), 7.68%, 01/31/29
 
607
594,375
Ziggo Financing Partnership, USD Term Loan I, (1-mo.
CME Term SOFR at 0.00% Floor + 2.61%), 6.93%,
04/30/28
 
510
496,495
 
 
5,713,061
Metals & Mining — 0.3%
AZZ, Inc., Term Loan B, (1-mo. CME Term SOFR +
2.50%), 6.82%, 05/13/29
 
119
119,043
Covia Holdings LLC, 2025 Term Loan B, (3-mo. CME
Term SOFR at 0.00% Floor + 3.25%), 7.57%,
02/14/32
 
219
218,111
Novelis Holdings, Inc., 2025 Term Loan B, (3-mo. CME
Term SOFR at 0.00% Floor + 2.00%), 6.29%,
03/11/32
 
1,372
1,370,285
 
 
1,707,439
Oil, Gas & Consumable Fuels — 0.9%
Buckeye Partners LP, 2025 Term Loan B2, (1-mo. CME
Term SOFR at 0.00% Floor + 1.75%), 6.07%,
11/22/30
 
170
169,735
EG America LLC, 2024 Term Loan B, (3-mo. CME Term
SOFR at 0.00% Floor + 4.25%), 8.56%, 02/07/28
 
182
181,956
Freeport LNG Investments LLLP, 2025 Term Loan B,
(3-mo. CME Term SOFR at 0.50% Floor + 3.25%),
7.54%, 12/21/28
 
1,556
1,533,774
GIP Pilot Acquisition Partners LP, 2025 Term Loan B,
(3-mo. CME Term SOFR at 0.00% Floor + 2.00%),
6.30%, 10/04/30
 
136
135,559
Hilcorp Energy I LP, Term Loan B, (1-mo. CME Term
SOFR at 0.00% Floor + 2.00%), 6.32%, 02/11/30
 
443
441,892
M6 ETX Holdings II Midco LLC
 
2025 Term Loan B, 04/01/32(p)
 
328
326,976
Term Loan B, (Prime + 3.50%), 11.00%, 09/19/29
 
100
100,263
New Fortress Energy, Inc., 2025 Incremental Term Loan
B, (3-mo. CME Term SOFR at 0.75% Floor + 5.50%),
9.79%, 10/30/28(d)
 
149
127,599
NGL Energy Operating LLC, 2024 Term Loan B, (1-mo.
CME Term SOFR + 3.75%), 8.07%, 02/03/31
 
339
336,321
Schedule of Investments
22

Schedule of Investments (unaudited)(continued)
March 31, 2025
BlackRock Limited Duration Income Trust (BLW)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
Oil, Gas & Consumable Fuels (continued)
NGP XI Midstream Holdings LLC, Term Loan B, (3-mo.
CME Term SOFR at 0.00% Floor + 3.50%), 7.80%,
07/25/31(d)
USD
90
$ 89,326
Oryx Midstream Services Permian Basin LLC, 2025 Term
Loan B, (1-mo. CME Term SOFR at 0.50% Floor +
2.25%), 6.57%, 10/05/28
 
1,453
1,450,530
 
 
4,893,931
Paper & Forest Products — 0.2%
Asplundh Tree Expert LLC, 2021 Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 1.85%), 6.17%,
09/07/27
 
991
988,836
Passenger Airlines — 0.7%
AAdvantage Loyalty IP Ltd., 2025 Term Loan, (1-mo.
CME Term SOFR + 2.25%), 6.54%, 04/20/28
 
488
481,878
Air Canada, 2024 Term Loan B, (1-mo. CME Term SOFR
at 0.00% Floor + 2.00%), 6.32%, 03/21/31
 
837
825,574
American Airlines, Inc.
 
Series AA, 2017 1st Lien Term Loan, (1-mo. CME
Term SOFR at 0.00% Floor + 1.85%), 6.17%,
01/29/27
 
414
409,903
2023 1st Lien Term Loan, (6-mo. CME Term SOFR at
0.00% Floor + 2.25%), 6.51%, 06/04/29
 
340
335,196
2024 1st Lien Term Loan B, (1-mo. CME Term SOFR
at 0.00% Floor + 2.25%), 6.57%, 02/15/28
 
657
645,535
JetBlue Airways Corp., 2024 Term Loan B, (3-mo. CME
Term SOFR at 0.50% Floor + 4.75%), 9.05%,
08/27/29
 
404
390,482
United Airlines, Inc., 2024 1st Lien Term Loan B, (3-mo.
CME Term SOFR at 0.00% Floor + 2.00%), 6.30%,
02/22/31
 
613
610,724
 
 
3,699,292
Pharmaceuticals — 1.4%
1261229 BC Ltd., 2025 Term Loan B, 09/25/30(p)
 
1,025
984,000
Amneal Pharmaceuticals LLC, 2023 Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 5.50%), 9.82%,
05/04/28
 
648
658,550
Bausch Health Americas, Inc., 2022 Term Loan B, (1-mo.
CME Term SOFR + 5.25%), 9.67%, 02/01/27
 
589
588,341
Elanco Animal Health, Inc., Term Loan B, (1-mo. CME
Term SOFR + 1.85%), 6.17%, 08/01/27
 
725
723,142
Gainwell Acquisition Corp., Term Loan B, (3-mo. CME
Term SOFR at 0.75% Floor + 4.10%), 8.40%,
10/01/27
 
1,048
980,530
Jazz Financing Lux SARL, 2024 1st Lien Term Loan B,
(1-mo. CME Term SOFR + 2.25%), 6.57%, 05/05/28
 
1,091
1,090,280
Option Care Health, Inc., 2021 Term Loan B, (1-mo.
CME Term SOFR + 2.36%), 6.69%, 10/27/28
 
653
654,907
Organon & Co., 2024 USD Term Loan, (1-mo. CME Term
SOFR at 0.50% Floor + 2.25%), 6.57%, 05/19/31(d)
 
483
475,414
Perrigo Investments LLC, 2024 Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 2.00%), 6.32%,
04/20/29
 
331
330,113
Security
 
Par
(000)
Value
Pharmaceuticals (continued)
PRA Health Sciences, Inc., 2024 US Term Loan B, (3-
mo. CME Term SOFR at 0.50% Floor + 2.00%),
6.30%, 07/03/28
USD
64
$ 64,390
Vizient, Inc., 2024 Term Loan B, (1-mo. CME Term SOFR
at 0.50% Floor + 1.75%), 6.07%, 08/01/31
 
630
628,630
 
 
7,178,297
Real Estate Management & Development — 0.3%
CoreLogic, Inc., Term Loan, (1-mo. CME Term SOFR at
0.50% Floor + 3.61%), 7.94%, 06/02/28
 
1,029
1,007,284
Cushman & Wakefield U.S. Borrower LLC, 2024 Tranche
2 Incremental Term Loan, (1-mo. CME Term SOFR at
0.50% Floor + 3.25%), 7.57%, 01/31/30
 
292
291,021
 
 
1,298,305
Semiconductors & Semiconductor Equipment — 0.2%
Entegris, Inc., 2023 Term Loan B, (3-mo. CME Term
SOFR at 0.00% Floor + 1.75%), 6.05%, 07/06/29
 
393
391,865
MKS Instruments, Inc., 2025 USD Repriced Term Loan,
(1-mo. CME Term SOFR at 0.50% Floor + 2.00%),
6.32%, 08/17/29
 
870
868,561
 
 
1,260,426
Software — 8.5%
Applied Systems, Inc., 2024 1st Lien Term Loan, (3-mo.
CME Term SOFR at 0.00% Floor + 2.75%), 7.05%,
02/24/31
 
1,926
1,924,704
AthenaHealth Group, Inc., 2022 Term Loan B, (1-mo.
CME Term SOFR at 0.50% Floor + 3.00%), 7.32%,
02/15/29
 
3,017
2,974,151
Azalea Topco, Inc., 2024 1st Lien Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 3.25%), 7.57%,
04/30/31
 
436
433,178
Barracuda Networks, Inc., 2022 Term Loan, (3-mo. CME
Term SOFR at 0.50% Floor + 4.50%), 8.79%,
08/15/29
 
551
475,649
BCPE Pequod Buyer, Inc., USD Term Loan B, (3-mo.
CME Term SOFR at 0.00% Floor + 3.50%), 7.79%,
11/25/31
 
680
677,328
BMC Software Inc., 2025 USD Term Loan B, (3-mo.
CME Term SOFR at 0.00% Floor + 3.00%), 7.29%,
07/30/31
 
1,564
1,534,941
Capstone Borrower, Inc., 2025 Term Loan B, (3-mo.
CME Term SOFR at 0.00% Floor + 2.75%), 7.05%,
06/17/30
 
536
532,866
CCC Intelligent Solutions, Inc., Term Loan, (1-mo. CME
Term SOFR + 2.00%), 6.32%, 01/23/32
 
1,497
1,493,594
Central Parent, Inc., 2024 Term Loan B, (3-mo. CME
Term SOFR at 0.00% Floor + 3.25%), 7.55%,
07/06/29
 
1,657
1,417,753
Clearwater Analytics LLC, 2025 Term Loan B,
02/07/32(d)(p)
 
172
171,140
Cloud Software Group, Inc.
 
2024 1st Lien Term Loan B, (3-mo. CME Term SOFR
at 0.50% Floor + 3.50%), 7.80%, 03/30/29
 
2,583
2,556,167
2024 USD Term Loan, (3-mo. CME Term SOFR at
0.50% Floor + 3.75%), 8.05%, 03/21/31
 
1,483
1,467,294
Cloudera, Inc.
 
2021 Second Lien Term Loan, (1-mo. CME Term
SOFR at 0.50% Floor + 6.10%), 10.42%, 10/08/29
 
347
329,796
23

Schedule of Investments (unaudited)(continued)
March 31, 2025
BlackRock Limited Duration Income Trust (BLW)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
Software (continued)
Cloudera, Inc.(continued)
 
2021 Term Loan, (1-mo. CME Term SOFR at 0.50%
Floor + 3.85%), 8.17%, 10/08/28
USD
1,025
$ 1,009,642
Cotiviti, Inc., 2024 Term Loan, (1-mo. CME Term SOFR +
2.75%), 7.07%, 05/01/31
 
1,401
1,369,429
Dayforce, Inc., 2025 Term Loan B, (3-mo. CME Term
SOFR at 0.00% Floor + 2.00%), 6.32%, 03/01/31(d)
 
1,322
1,315,416
DS Admiral Bidco LLC, 2024 Term Loan B, (3-mo. CME
Term SOFR + 4.25%), 8.55%, 06/26/31
 
419
401,601
Dun & Bradstreet Corp., 2024 Term Loan, (1-mo. CME
Term SOFR at 0.00% Floor + 2.25%), 6.57%,
01/18/29
 
2,566
2,559,454
Ellucian Holdings, Inc.
 
2024 1st Lien Term Loan B, (1-mo. CME Term SOFR
at 0.50% Floor + 3.00%), 7.32%, 10/09/29
 
1,537
1,532,871
2024 2nd Lien Term Loan, (1-mo. CME Term SOFR at
0.50% Floor + 4.75%), 9.07%, 11/22/32
 
284
287,786
Epicor Software Corp., 2024 Term Loan E, (1-mo. CME
Term SOFR at 0.75% Floor + 2.75%), 7.07%,
05/30/31
 
1,707
1,700,836
Flexera Software LLC, 2024 1st Lien Term Loan, (3-mo.
CME Term SOFR at 0.75% Floor + 3.00%), 7.30%,
03/03/28
 
234
232,985
Gen Digital, Inc., 2025 Term Loan B, 02/13/32(p)
 
273
270,065
Genesys Cloud Services, Inc., 2025 USD Term Loan B,
(1-mo. CME Term SOFR at 0.00% Floor + 2.50%),
6.82%, 01/30/32
 
2,399
2,370,420
Informatica LLC, 2024 Term Loan B, (1-mo. CME Term
SOFR at 0.00% Floor + 2.25%), 6.57%, 10/27/28
 
1,192
1,190,839
Mitchell International, Inc.
 
2024 1st Lien Term Loan, (1-mo. CME Term SOFR at
0.50% Floor + 3.25%), 7.57%, 06/17/31
 
1,193
1,177,639
2024 2nd Lien Term Loan, (1-mo. CME Term SOFR +
5.25%), 9.57%, 06/17/32
 
191
185,556
Modena Buyer LLC, Term Loan, (3-mo. CME Term
SOFR at 0.00% Floor + 4.50%), 8.79%, 07/01/31
 
288
278,413
Planview Parent, Inc., 2024 1st Lien Term Loan, (3-mo.
CME Term SOFR at 0.00% Floor + 3.50%), 7.80%,
12/17/27
 
145
143,167
Playtika Holding Corp., 2021 Term Loan B1, (1-mo. CME
Term SOFR + 2.86%), 7.19%, 03/13/28
 
768
759,918
PointClickCare Technologies, Inc., 2024 USD Term Loan
B, (3-mo. CME Term SOFR at 0.00% Floor + 3.25%),
7.55%, 11/03/31
 
522
520,021
Polaris Newco LLC, USD Term Loan B, (3-mo. CME
Term SOFR at 0.50% Floor + 4.01%), 8.30%,
06/02/28
 
1,373
1,311,272
Project Alpha Intermediate Holding, Inc.(p)
 
2024 1st Lien Term Loan B, 10/28/30
 
169
168,654
2024 Add-on Term Loan B, 10/28/30
 
137
136,600
Project Boost Purchaser LLC, 2024 Term Loan, (3-mo.
CME Term SOFR at 0.00% Floor + 3.50%), 7.30%,
07/16/31
 
862
856,828
Quartz Acquireco LLC, 2025 Term Loan B, (3-mo. CME
Term SOFR at 0.00% Floor + 2.25%), 6.55%,
06/28/30(d)
 
992
984,469
RealPage, Inc., 1st Lien Term Loan, (3-mo. CME Term
SOFR + 3.26%), 7.56%, 04/24/28
 
1,025
1,009,952
Security
 
Par
(000)
Value
Software (continued)
Skopima Consilio Parent LLC, 2024 Repriced Term
Loan, (1-mo. CME Term SOFR at 0.50% Floor +
3.75%), 8.07%, 05/15/28
USD
342
$ 339,483
SS&C Technologies, Inc., 2024 Term Loan B8, (1-mo.
CME Term SOFR at 0.00% Floor + 2.00%), 6.32%,
05/09/31
 
1,885
1,882,564
UKG, Inc., 2024 Term Loan B, (3-mo. CME Term SOFR
at 0.00% Floor + 3.00%), 7.30%, 02/10/31
 
1,850
1,845,275
VS Buyer LLC, 2024 1st Lien Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 2.75%), 7.07%,
04/12/31
 
1,537
1,535,536
Waystar Technologies, Inc., 2024 1st Lien Term Loan B,
(1-mo. CME Term SOFR at 0.00% Floor + 2.25%),
6.57%, 10/22/29
 
257
255,518
Zelis Payments Buyer, Inc., 5th Amendment Term Loan,
(1-mo. CME Term SOFR at 0.00% Floor + 3.25%),
7.57%, 11/26/31
 
1,191
1,186,918
 
 
44,807,688
Specialty Retail — 0.3%
LS Group OpCo Acquistion LLC, 2025 Term Loan B,
(1-mo. CME Term SOFR at 0.00% Floor + 2.50%),
6.81%, 04/23/31
 
515
510,482
PetSmart LLC, 2021 Term Loan B, (1-mo. CME Term
SOFR at 0.75% Floor + 3.85%), 8.17%, 02/11/28
 
461
452,248
Restoration Hardware, Inc.
 
2022 Incremental Term Loan, (1-mo. CME Term
SOFR at 0.50% Floor + 3.35%), 7.67%, 10/20/28
 
176
169,784
Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor
+ 2.61%), 6.94%, 10/20/28
 
307
292,355
Serta Simmons Bedding LLC, 2023 New Term Loan,
(3-mo. CME Term SOFR + 7.61%), 11.91%, 06/29/28
 
199
184,655
Woof Holdings, Inc., 1st Lien Term Loan, (3-mo. CME
Term SOFR at 0.75% Floor + 4.01%), 8.31%,
12/21/27
 
155
79,707
 
 
1,689,231
Technology Hardware, Storage & Peripherals — 0.3%
Cubic Corp.
 
Term Loan B, (3-mo. CME Term SOFR at 0.75% Floor
+ 4.51%), 8.82%, 05/25/28
 
1,946
1,158,541
Term Loan C, (3-mo. CME Term SOFR at 0.75% Floor
+ 4.51%), 8.82%, 05/25/28
 
396
235,676
 
 
1,394,217
Textiles, Apparel & Luxury Goods — 0.3%
ABG Intermediate Holdings 2 LLC
 
2024 1st Lien Term Loan B, (1-mo. CME Term SOFR
at 0.00% Floor + 2.25%), 6.57%, 12/21/28
 
758
749,451
2025 Delayed Draw Term Loan, (1-mo. CME Term
SOFR at 0.00% Floor + 2.25%), 6.57%, 02/13/32
 
515
508,779
Fanatics Commerce Intermediate Holdco LLC, Term
Loan B, (1-mo. CME Term SOFR + 3.36%), 7.69%,
11/24/28(d)
 
250
249,235
 
 
1,507,465
Trading Companies & Distributors — 1.2%
American Builders & Contractors Supply Co., Inc.,
2024 Term Loan B, (1-mo. CME Term SOFR at 0.00%
Floor + 1.75%), 6.07%, 01/31/31
 
848
845,643
Schedule of Investments
24

Schedule of Investments (unaudited)(continued)
March 31, 2025
BlackRock Limited Duration Income Trust (BLW)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
Trading Companies & Distributors (continued)
Core & Main LP
 
2024 Term Loan B, (6-mo. CME Term SOFR at 0.00%
Floor + 2.00%), 6.27%, 07/27/28
USD
1,524
$ 1,520,697
2024 Term Loan E, (6-mo. CME Term SOFR at 0.00%
Floor + 2.00%), 6.27%, 02/09/31
 
376
374,326
Dealer Tire Financial LLC, 2024 1st Lien Term Loan B,
(1-mo. CME Term SOFR at 0.00% Floor + 3.00%),
7.32%, 07/02/31(d)
 
741
736,634
Gates Corp., 2024 Term Loan B5, (1-mo. CME Term
SOFR + 1.75%), 6.07%, 06/04/31
 
1,286
1,271,831
PAI Holdco, Inc., 2020 Term Loan B, (3-mo. CME Term
SOFR + 4.01%), 8.30%, 10/28/27
 
741
620,425
Solenis Holdings Ltd., 2024 USD Term Loan, (3-mo.
CME Term SOFR at 0.50% Floor + 3.00%), 7.30%,
06/20/31
 
865
849,944
 
 
6,219,500
Transportation Infrastructure — 0.1%
OLA Netherlands BV, Term Loan, (1-mo. CME Term
SOFR at 0.75% Floor + 6.35%), 10.67%, 12/15/26
 
616
612,900
SIRVA Worldwide, Inc., 2024 Term Loan, (3-mo. CME
Term SOFR at 2.00% Floor + 8.00%), 12.32%,
08/20/29
 
244
96,498
 
 
709,398
Wireless Telecommunication Services — 0.4%
Altice France SA, 2023 USD Term Loan B14, (3-mo.
CME Term SOFR at 0.00% Floor + 5.50%), 9.80%,
08/15/28
 
1,167
1,044,089
GOGO Intermediate Holdings LLC, Term Loan B, (1-mo.
CME Term SOFR + 3.86%), 8.19%, 04/30/28
 
363
338,776
ORBCOMM, Inc., Term Loan B, (1-mo. CME Term SOFR
at 0.75% Floor + 4.51%), 8.75%, 09/01/28
 
377
325,569
Viasat, Inc.
 
2023 Term Loan, (1-mo. CME Term SOFR at 0.50%
Floor + 4.61%), 8.94%, 05/30/30
 
192
174,803
Term Loan, (1-mo. CME Term SOFR at 0.50% Floor +
4.61%), 8.94%, 03/02/29
 
233
216,656
 
 
2,099,893
Total Floating Rate Loan Interests — 59.7%
(Cost: $319,583,261)
313,525,687
Foreign Agency Obligations
Bahrain — 0.1%
Bahrain Government International Bond, 6.75%,
09/20/29(e)
 
200
203,626
Bulgaria — 0.0%
Bulgaria Government International Bond, 5.00%,
03/05/37(e)
 
24
23,197
Chile — 0.0%
Chile Government International Bond, 4.34%,
03/07/42(c)
 
200
171,900
Colombia — 0.1%
Colombia Government International Bond, 8.00%,
04/20/33(c)
 
200
206,450
Security
 
Par
(000)
Value
Dominican Republic — 0.1%
Dominican Republic International Bond(b)
 
4.50%, 01/30/30
USD
200
$ 187,100
7.05%, 02/03/31
 
150
155,100
4.88%, 09/23/32
 
150
136,631
 
 
478,831
Egypt — 0.0%
Egypt Government International Bond, 7.50%,
02/16/61(b)
 
200
132,814
Hungary — 0.0%
Hungary Government International Bond, Series 10Y,
5.38%, 09/12/33(e)
EUR
39
43,923
Ivory Coast — 0.0%
Ivory Coast Government International Bond, 6.38%,
03/03/28(e)
USD
200
200,314
Morocco — 0.0%
Morocco Government International Bond, 2.38%,
12/15/27(b)
 
200
184,750
Nigeria — 0.0%
Nigeria Government International Bond, 8.38%,
03/24/29(b)
 
200
193,250
Romania — 0.1%
Romanian Government International Bond
 
5.25%, 11/25/27(b)
 
62
61,752
2.12%, 07/16/31(e)
EUR
156
137,307
5.88%, 07/11/32(b)(j)
 
37
39,708
6.25%, 09/10/34(b)
 
33
35,362
 
 
274,129
South Africa — 0.0%
Republic of South Africa Government International Bond,
5.00%, 10/12/46
USD
230
156,975
Total Foreign Agency Obligations — 0.4%
(Cost: $2,282,376)
2,270,159
 
 

Shares
 
Investment Companies
Equity Funds — 0.0%
Hearthside Equity
 
4,335
49,589
Fixed Income Funds — 0.3%
Invesco Senior Loan ETF
 
80,000
1,656,000
Total Investment Companies — 0.3%
(Cost: $1,734,390)
1,705,589
 
 
Par
(000)
 
Non-Agency Mortgage-Backed Securities
Collateralized Mortgage Obligations — 3.2%
Alternative Loan Trust
 
Series 2005-54CB, Class 3A4, 5.50%, 11/25/35
USD
945
510,975
Series 2006-J8, Class A5, 6.00%, 02/25/37
 
1,758
724,884
25

Schedule of Investments (unaudited)(continued)
March 31, 2025
BlackRock Limited Duration Income Trust (BLW)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
Collateralized Mortgage Obligations (continued)
Alternative Loan Trust(continued)
 
Series 2007-19, Class 1A1, 6.00%, 08/25/37
USD
534
$ 253,606
CHL Mortgage Pass-Through Trust
 
Series 2005-17, Class 1A6, 5.50%, 09/25/35
 
69
67,273
Series 2006-17, Class A2, 6.00%, 12/25/36
 
611
271,627
Series 2007-HY5, Class 3A1, 5.70%, 09/25/37(a)
 
201
187,325
COLT Mortgage Loan Trust(b)
 
Series 2022-7, Class A1, 5.16%, 04/25/67
 
1,674
1,665,175
Series 2022-9, Class A1, 6.79%, 12/25/67
 
208
208,962
Series 2024-7, Class A1, 5.54%, 12/26/69
 
1,457
1,457,859
Series 2024-INV4, Class A1, 5.61%, 05/25/69(c)
 
1,228
1,231,439
Ellington Financial Mortgage Trust, Series 2021-2,
Class A1, 0.93%, 06/25/66(a)(b)
 
180
147,711
GCAT Trust(a)(b)
 
Series 2022-NQM3, Class A1, 4.35%, 04/25/67(c)
 
1,297
1,277,103
Series 2024-INV4, Class A2, 5.50%, 12/25/54
 
981
973,358
GSR Mortgage Loan Trust, Series 2005-AR5, Class 2A3,
5.28%, 10/25/35(a)
 
297
156,396
Homes Trust, Series 2024-NQM2, Class A1, 5.72%,
10/25/69(b)
 
586
587,431
JP Morgan Mortgage Trust, Series 2022-DSC1,
Class A1, 4.75%, 01/25/63(a)(b)
 
323
315,140
OBX Trust(b)
 
Series 2022-NQM9, Class A1A, 6.45%, 09/25/62
 
75
75,377
Series 2023-NQM6, Class A1, 6.52%, 07/25/63
 
815
823,878
Series 2024-NQM17, Class A1, 5.61%, 11/25/64(a)
 
1,209
1,214,912
Sequoia Mortgage Trust, Series 2024-INV1, Class A3,
5.50%, 10/25/54(a)(b)
 
994
983,364
Spruce Hill Mortgage Loan Trust, Series 2022-SH1,
Class A1A, 4.10%, 07/25/57(b)
 
512
489,582
Verus Securitization Trust(b)
 
Series 2022-3, Class A1, 4.13%, 02/25/67(c)
 
1,179
1,114,682
Series 2022-7, Class A1, 5.15%, 07/25/67(c)
 
1,374
1,367,064
Series 2022-INV2, Class A1, 6.79%, 10/25/67
 
332
332,991
 
 
16,438,114
Commercial Mortgage-Backed Securities(b) — 1.9%
BFLD Commercial Mortgage Trust, Series 2024-UNIV,
Class D, (1 mo. Term SOFR + 2.69%), 7.01%,
11/15/41(a)
 
630
629,213
BLP Commercial Mortgage Trust, Series 2024-INDS,
Class D, (1 mo. Term SOFR + 2.59%), 6.91%,
03/15/41(a)
 
380
376,684
BPR Commercial Mortgage Trust, Series 2024-PARK,
Class D, 6.53%, 11/05/39(a)
 
200
205,782
BX Commercial Mortgage Trust(a)
 
Series 2021-CIP, Class A, (1 mo. Term SOFR +
1.04%), 5.35%, 12/15/38
 
916
913,849
Series 2021-XL2, Class A, (1 mo. Term SOFR +
0.80%), 5.12%, 10/15/38
 
199
198,294
Series 2024-MF, Class C, (1 mo. Term SOFR +
1.94%), 6.26%, 02/15/39
 
452
451,300
Series 2024-XL4, Class C, (1 mo. Term SOFR +
2.19%), 6.51%, 02/15/39
 
97
97,140
BX Trust(a)
 
Series 2022 VAMF, Class A, (1 mo. Term SOFR +
0.85%), 5.17%, 01/15/39
 
1,200
1,193,250
Series 2024-BIO, Class C, (1 mo. Term SOFR +
2.64%), 6.96%, 02/15/41
 
240
237,000
Series 2024-CNYN, Class C, (1 mo. Term SOFR +
1.94%), 6.26%, 04/15/41
 
676
674,958
Security
 
Par
(000)
Value
Commercial Mortgage-Backed Securities (continued)
BX Trust(a)(continued)
 
Series 2024-PAT, Class B, (1 mo. Term SOFR +
3.04%), 7.36%, 03/15/41
USD
170
$ 169,788
Century Plaza Towers, Series 2019-CPT, Class C,
3.00%, 11/13/39(a)
 
250
215,290
CONE Trust, Series 2024-DFW1, Class D, (1 mo. Term
SOFR + 3.04%), 7.36%, 08/15/41(a)
 
660
658,732
DC Trust, Series 2024-HLTN, Class C, 7.04%,
04/13/40(a)
 
220
224,579
GS Mortgage Securities Trust(a)(j)
 
11/18/29
 
195
195,000
11/18/29
 
900
900,000
JW Commercial Mortgage Trust, Series 2024-MRCO,
Class C, (1 mo. Term SOFR + 2.39%), 6.71%,
06/15/39(a)
 
800
798,250
MCR Mortgage Trust, Series 2024-TWA, Class E,
8.73%, 06/12/39
 
800
813,328
SELF Commercial Mortgage Trust, Series 2024-STRG,
Class D, (1 mo. Term SOFR + 2.94%), 7.26%,
11/15/34(a)
 
270
269,023
VEGAS, Series 2024-GCS, Class D, 6.22%, 07/10/36(a)
 
650
607,864
Wells Fargo Commercial Mortgage Trust, Series 2024-
BPRC, Class D, 7.08%, 07/15/43
 
250
251,272
 
 
10,080,596
Total Non-Agency Mortgage-Backed Securities — 5.1%
(Cost: $27,431,282)
26,518,710
 
 
Benefical
Interest (000)
 
Other Interests
Capital Markets — 0.0%
Millennium Lender Claim Trust(d)(q)
USD
918
Industrial Conglomerates — 0.0%
Millennium Corp.(d)(q)
 
861
Total Other Interests — 0.0%
(Cost: $)
 
 
Par
(000)
 
Preferred Securities
Capital Trusts — 6.3%(a)
Banks — 3.3%
Barclays PLC(c)(k)
 
4.38%
USD
2,455
2,212,072
8.00%
 
2,210
2,278,428
9.63%
 
805
882,965
Citigroup, Inc., Series AA, 7.63%(c)(k)
 
289
300,665
ING Groep NV, 3.88%(c)(k)
 
1,750
1,603,970
JPMorgan Chase & Co.
 
Series II, 4.00%(c)(k)
 
4,000
4,012,000
Series U, 5.50%, 01/15/87
 
325
308,790
Krung Thai Bank PCL/Cayman Islands, 4.40%(e)(k)
 
202
198,162
Lloyds Banking Group PLC(c)(k)
 
6.75%
 
450
451,461
7.50%
 
1,250
1,254,240
Schedule of Investments
26

Schedule of Investments (unaudited)(continued)
March 31, 2025
BlackRock Limited Duration Income Trust (BLW)
(Percentages shown are based on Net Assets)
Security
 
Par
(000)
Value
Banks (continued)
NatWest Group PLC(c)(k)
 
8.13%
USD
735
$ 771,660
6.00%
 
1,185
1,183,100
Nordea Bank Abp, 3.75%(b)(c)(k)
 
560
496,845
PNC Financial Services Group, Inc.(c)(k)
 
Series V, 6.20%
 
135
136,876
Series W, 6.25%
 
789
793,040
Rizal Commercial Banking Corp., 6.50%(e)(k)
 
200
199,813
 
 
17,084,087
Capital Markets(b)(c)(k) — 1.1%
UBS Group AG
 
Series NC10, 9.25%
 
4,640
5,295,177
Series NC5, 9.25%
 
460
499,579
 
 
5,794,756
Diversified Telecommunication Services — 0.0%
Telefonica Europe BV, 6.14%(e)(k)
EUR
200
229,235
Electric Utilities — 1.3%
Edison International, Series B, 5.00%(k)
USD
145
130,998
Electricite de France SA, 3.00%(e)(k)
EUR
200
210,065
NextEra Energy Capital Holdings, Inc., 5.65%,
05/01/79(c)
USD
3,750
3,671,509
NRG Energy, Inc., 10.25%(b)(c)(k)
 
475
522,982
PG&E Corp., 7.38%, 03/15/55(c)
 
2,078
2,042,367
 
 
6,577,921
Health Care Providers & Services — 0.6%
CVS Health Corp.
 
6.75%, 12/10/54
 
635
632,203
7.00%, 03/10/55(c)
 
2,605
2,625,551
 
 
3,257,754
Independent Power and Renewable Electricity Producers — 0.0%
Vistra Corp., 7.00%(b)(k)
 
209
211,633
 
33,155,386
 
 

Shares
 
Preferred Stocks — 0.3%
Capital Markets — 0.3%
Morgan Stanley, Series F, 6.88%(a)(k)
 
55,000
1,381,600
Ground Transportation — 0.0%
Sirva BGRS Holdings, Inc., 07/21/30(f)
 
107
23,992
IT Services(f) — 0.0%
Veritas Kapital Assurance PLC
 
Series G
 
2,287
52,601
Series G-1
 
1,578
36,294
 
 
88,895
 
1,494,487
Total Preferred Securities — 6.6%
(Cost: $34,937,825)
34,649,873
Security
 
Par
(000)
Value
U.S. Government Sponsored Agency Securities
Mortgage-Backed Securities — 4.0%
Freddie Mac Mortgage-Backed Securities, 4.00%,
05/01/39(c)
USD
836
$ 816,334
Uniform Mortgage-Backed Securities
 
3.50%, 09/01/42 - 10/01/42(c)
 
8,572
7,991,412
4.50%, 06/01/44(c)
 
1,558
1,535,453
5.00%, 11/01/44 - 04/14/55(c)(r)
 
5,426
5,378,211
5.50%, 04/15/55(r)
 
5,270
5,262,995
 
 
20,984,405
Total U.S. Government Sponsored Agency Securities — 4.0%
(Cost: $20,843,542)
20,984,405
U.S. Treasury Obligations
U.S. Treasury Notes, 4.88%, 05/31/26(c)
 
28,500
28,768,301
Total U.S. Treasury Obligations — 5.5%
(Cost: $28,539,481)
28,768,301
 
 

Shares
 
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)(f)
 
1,315
Total Warrants — 0.0%
(Cost: $)
Total Long-Term Investments — 164.7%
(Cost: $876,267,193)
865,092,082
Short-Term Securities
Money Market Funds — 0.8%
BlackRock Liquidity Funds, T-Fund, Institutional Shares,
4.22%(s)(t)
 
4,236,176
4,236,176
Total Short-Term Securities — 0.8%
(Cost: $4,236,176)
4,236,176
Total Investments — 165.5%
(Cost: $880,503,369)
869,328,258
Liabilities in Excess of Other Assets — (65.5)%
(344,122,225
)
Net Assets — 100.0%
$  525,206,033
(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)
All or a portion of the security has been pledged as collateral in connection with
outstanding reverse repurchase agreements.
(d)
Security is valued using significant unobservable inputs and is classified as Level 3 in the
fair value hierarchy.
(e)
This security may be resold to qualified foreign investors and foreign institutional buyers
under Regulation S of the Securities Act of 1933.
(f)
Non-income producing security.
(g)
Restricted security as to resale, excluding 144A securities. The Fund held restricted
securities with a current value of $314,957, representing 0.1% of its net assets as of
period end, and an original cost of $316,486.
(h)
Issuer filed for bankruptcy and/or is in default.
27

Schedule of Investments (unaudited)(continued)
March 31, 2025
BlackRock Limited Duration Income Trust (BLW)
(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)
When-issued security.
(k)
Perpetual security with no stated maturity date.
(l)
Convertible security.
(m)
Step coupon security. Coupon rate will either increase (step-up bond) or decrease (step-
down bond) at regular intervals until maturity. Interest rate shown reflects the rate
currently in effect.
(n)
Zero-coupon bond.
(o)
Rounds to less than 1,000.
(p)
Represents an unsettled loan commitment at period end. Certain details associated with
this purchase are not known prior to the settlement date, including coupon rate.
(q)
Other interests represent beneficial interests in liquidation trusts and other reorganization
or private entities.
(r)
Represents or includes a TBA transaction.
(s)
Affiliate of the Fund.
(t)
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 Fund for compliance purposes.
Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the period ended March 31, 2025 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
Affiliated Issuer
Value at
12/31/24
Purchases
at Cost
Proceeds
from Sales
Net
Realized
Gain (Loss)
Change in
Unrealized
Appreciation
(Depreciation)
Value at
03/31/25
Shares
Held at
03/31/25
Income
Capital Gain
Distributions
from
Underlying
Funds
BlackRock Liquidity Funds, T-Fund, Institutional Shares
$ 346,004
$ 3,890,172
(a)
$ 
$ 
$ 
$ 4,236,176
4,236,176
$ 27,377
$ 
(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)
RBC Capital Markets, LLC
4.65
%(b)
06/06/24
Open
$ 124,140
$ 129,807
Corporate Bonds
Open/Demand
RBC Capital Markets, LLC
4.65
(b)
06/06/24
Open
161,922
169,314
Corporate Bonds
Open/Demand
RBC Capital Markets, LLC
4.53
(b)
06/11/24
Open
225,600
235,500
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.65
(b)
06/11/24
Open
297,660
311,014
Corporate Bonds
Open/Demand
RBC Capital Markets, LLC
4.50
(b)
06/25/24
Open
72,150
75,144
Corporate Bonds
Open/Demand
RBC Capital Markets, LLC
4.53
(b)
08/05/24
Open
217,669
225,348
Corporate Bonds
Open/Demand
RBC Capital Markets, LLC
4.63
(b)
08/05/24
Open
246,000
254,842
Corporate Bonds
Open/Demand
RBC Capital Markets, LLC
4.65
(b)
08/05/24
Open
199,818
207,026
Corporate Bonds
Open/Demand
RBC Capital Markets, LLC
4.65
(b)
08/05/24
Open
201,250
208,510
Corporate Bonds
Open/Demand
RBC Capital Markets, LLC
4.65
(b)
08/05/24
Open
81,200
84,129
Corporate Bonds
Open/Demand
RBC Capital Markets, LLC
4.65
(b)
10/30/24
Open
144,503
147,666
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.65
(b)
11/15/24
Open
657,056
669,308
Corporate Bonds
Open/Demand
Credit Agricole Corporate and Investment
Bank
4.59
(b)
12/06/24
Open
162,975
165,517
Corporate Bonds
Open/Demand
Credit Agricole Corporate and Investment
Bank
4.50
(b)
12/09/24
Open
662,500
672,378
Corporate Bonds
Open/Demand
Credit Agricole Corporate and Investment
Bank
4.52
(b)
12/09/24
Open
178,500
181,173
Corporate Bonds
Open/Demand
Credit Agricole Corporate and Investment
Bank
4.52
(b)
12/09/24
Open
342,656
347,787
Corporate Bonds
Open/Demand
Credit Agricole Corporate and Investment
Bank
4.57
(b)
12/09/24
Open
327,438
332,391
Corporate Bonds
Open/Demand
Credit Agricole Corporate and Investment
Bank
4.59
(b)
12/09/24
Open
322,000
326,892
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.67
(b)
12/09/24
Open
540,832
549,185
Corporate Bonds
Open/Demand
RBC Capital Markets, LLC
4.00
(b)
12/11/24
Open
1,302,877
1,319,951
Corporate Bonds
Open/Demand
RBC Capital Markets, LLC
4.50
(b)
12/11/24
Open
280,219
284,323
Corporate Bonds
Open/Demand
RBC Capital Markets, LLC
4.50
(b)
12/11/24
Open
411,075
417,096
Corporate Bonds
Open/Demand
RBC Capital Markets, LLC
4.50
(b)
12/11/24
Open
825,750
837,844
Corporate Bonds
Open/Demand
RBC Capital Markets, LLC
4.53
(b)
12/11/24
Open
353,891
359,107
Corporate Bonds
Open/Demand
RBC Capital Markets, LLC
4.53
(b)
12/11/24
Open
340,313
345,328
Corporate Bonds
Open/Demand
RBC Capital Markets, LLC
4.53
(b)
12/11/24
Open
616,687
625,776
Corporate Bonds
Open/Demand
Schedule of Investments
28

Schedule of Investments (unaudited)(continued)
March 31, 2025
BlackRock Limited Duration Income Trust (BLW)
Reverse Repurchase Agreements (continued)
Counterparty
Interest
Rate
Trade
Date
Maturity
Date(a)
Face Value
Face Value
Including
Accrued Interest
Type of Non-Cash Underlying
Collateral
Remaining
Contractual Maturity
of the Agreements(a)
RBC Capital Markets, LLC
4.65
%(b)
12/11/24
Open
$ 253,215
$ 257,041
Corporate Bonds
Open/Demand
RBC Capital Markets, LLC
4.65
(b)
12/11/24
Open
315,000
319,759
Corporate Bonds
Open/Demand
RBC Capital Markets, LLC
4.65
(b)
12/11/24
Open
402,167
408,244
Corporate Bonds
Open/Demand
RBC Capital Markets, LLC
4.65
(b)
12/11/24
Open
393,285
399,227
Corporate Bonds
Open/Demand
RBC Capital Markets, LLC
4.65
(b)
12/11/24
Open
409,500
415,687
Corporate Bonds
Open/Demand
RBC Capital Markets, LLC
4.65
(b)
12/11/24
Open
680,706
690,991
Corporate Bonds
Open/Demand
RBC Capital Markets, LLC
4.65
(b)
12/11/24
Open
408,750
414,926
Corporate Bonds
Open/Demand
RBC Capital Markets, LLC
4.65
(b)
12/12/24
Open
93,844
95,249
Corporate Bonds
Open/Demand
RBC Capital Markets, LLC
4.65
(b)
12/13/24
Open
757,345
768,581
Corporate Bonds
Open/Demand
Credit Agricole Corporate and Investment
Bank
4.55
(b)
12/17/24
Open
424,436
430,378
Corporate Bonds
Open/Demand
Credit Agricole Corporate and Investment
Bank
4.59
(b)
12/17/24
Open
243,815
247,257
Corporate Bonds
Open/Demand
Credit Agricole Corporate and Investment
Bank
4.61
(b)
12/17/24
Open
623,290
632,125
Corporate Bonds
Open/Demand
RBC Capital Markets, LLC
4.63
(b)
12/17/24
Open
334,630
339,393
Corporate Bonds
Open/Demand
RBC Capital Markets, LLC
4.65
(b)
12/17/24
Open
346,418
351,368
Corporate Bonds
Open/Demand
RBC Capital Markets, LLC
4.65
(b)
12/17/24
Open
219,235
222,368
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.00
(b)
01/27/25
Open
190,674
192,030
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.32
(b)
01/27/25
Open
95,002
95,731
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.32
(b)
01/27/25
Open
242,950
244,816
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.32
(b)
01/27/25
Open
88,110
88,787
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.35
(b)
01/27/25
Open
259,819
261,828
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.35
(b)
01/27/25
Open
1,158,856
1,167,818
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.35
(b)
01/27/25
Open
199,796
201,341
Foreign Agency Obligations
Open/Demand
Nomura Securities International, Inc.
4.35
(b)
01/27/25
Open
126,699
127,679
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.40
(b)
01/27/25
Open
1,329,776
1,340,178
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.42
(b)
01/27/25
Open
125,013
125,995
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.42
(b)
01/27/25
Open
239,374
241,255
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.42
(b)
01/27/25
Open
515,261
519,310
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.43
(b)
01/27/25
Open
221,142
222,884
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.43
(b)
01/27/25
Open
452,587
456,152
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.45
(b)
01/27/25
Open
362,312
365,179
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.47
(b)
01/27/25
Open
128,975
130,000
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.47
(b)
01/27/25
Open
375,037
378,018
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.47
(b)
01/27/25
Open
110,670
111,549
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.47
(b)
01/27/25
Open
333,506
336,157
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.48
(b)
01/27/25
Open
108,198
109,059
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.48
(b)
01/27/25
Open
118,264
119,206
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.48
(b)
01/27/25
Open
126,416
127,423
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.48
(b)
01/27/25
Open
446,760
450,318
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.48
(b)
01/27/25
Open
254,799
256,829
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.48
(b)
01/27/25
Open
94,814
95,569
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.48
(b)
01/27/25
Open
193,875
195,419
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.48
(b)
01/27/25
Open
158,738
160,002
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.48
(b)
01/27/25
Open
159,030
160,297
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.48
(b)
01/27/25
Open
93,470
94,214
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.48
(b)
01/27/25
Open
274,185
276,369
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.48
(b)
01/27/25
Open
278,850
281,071
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.48
(b)
01/27/25
Open
348,232
351,006
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.48
(b)
01/27/25
Open
248,285
250,262
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.48
(b)
01/27/25
Open
148,988
150,174
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.48
(b)
01/27/25
Open
373,593
376,568
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.50
(b)
01/27/25
Open
711,506
717,198
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.50
(b)
01/27/25
Open
156,939
158,194
Foreign Agency Obligations
Open/Demand
Nomura Securities International, Inc.
4.57
(b)
01/27/25
Open
1,356,487
1,367,508
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.57
(b)
01/27/25
Open
177,458
178,899
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.62
(b)
01/27/25
Open
104,949
105,811
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.65
(b)
01/27/25
Open
370,975
374,042
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.65
(b)
01/27/25
Open
308,488
311,038
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.65
(b)
01/27/25
Open
1,013,731
1,021,697
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.65
(b)
01/27/25
Open
321,393
324,049
Corporate Bonds
Open/Demand
29

Schedule of Investments (unaudited)(continued)
March 31, 2025
BlackRock Limited Duration Income Trust (BLW)
Reverse Repurchase Agreements (continued)
Counterparty
Interest
Rate
Trade
Date
Maturity
Date(a)
Face Value
Face Value
Including
Accrued Interest
Type of Non-Cash Underlying
Collateral
Remaining
Contractual Maturity
of the Agreements(a)
Nomura Securities International, Inc.
4.65
%(b)
01/27/25
Open
$ 691,221
$ 696,935
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.65
(b)
01/27/25
Open
478,935
482,894
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.65
(b)
01/27/25
Open
224,087
225,940
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.65
(b)
01/27/25
Open
343,070
345,906
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.65
(b)
01/27/25
Open
389,551
392,772
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.65
(b)
01/27/25
Open
358,479
361,442
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.65
(b)
01/27/25
Open
113,918
114,859
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.65
(b)
01/27/25
Open
866,487
873,650
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.65
(b)
01/27/25
Open
588,117
592,979
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.65
(b)
01/27/25
Open
894,617
902,013
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.65
(b)
01/27/25
Open
302,706
305,209
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.65
(b)
01/27/25
Open
290,343
292,743
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.65
(b)
01/27/25
Open
737,088
743,181
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.65
(b)
01/27/25
Open
3,475,000
3,503,727
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.65
(b)
01/27/25
Open
735,280
741,358
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.65
(b)
01/27/25
Open
772,371
778,756
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.65
(b)
01/27/25
Open
1,744,837
1,759,261
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.65
(b)
01/27/25
Open
822,375
829,173
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.65
(b)
01/27/25
Open
519,585
523,880
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.67
(b)
01/27/25
Open
218,370
220,183
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.67
(b)
01/27/25
Open
187,753
189,311
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.67
(b)
01/27/25
Open
527,095
531,471
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.67
(b)
01/27/25
Open
445,399
449,097
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.67
(b)
01/27/25
Open
1,956,157
1,972,398
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.67
(b)
01/27/25
Open
96,863
97,667
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.67
(b)
01/27/25
Open
755,031
761,300
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.67
(b)
01/27/25
Open
1,867,761
1,883,268
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.67
(b)
01/27/25
Open
930,414
938,138
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.67
(b)
01/27/25
Open
270,980
273,230
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.67
(b)
01/29/25
Open
1,606,800
1,619,723
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.65
(b)
02/03/25
Open
451,170
454,492
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.43
(b)
02/06/25
Open
354,899
357,257
Corporate Bonds
Open/Demand
Goldman Sachs & Co. LLC
4.25
(b)
02/11/25
Open
368,806
370,940
Corporate Bonds
Open/Demand
Goldman Sachs & Co. LLC
4.35
(b)
02/11/25
Open
423,735
426,244
Corporate Bonds
Open/Demand
Goldman Sachs & Co. LLC
4.35
(b)
02/11/25
Open
541,379
544,584
Corporate Bonds
Open/Demand
Goldman Sachs & Co. LLC
4.45
(b)
02/11/25
Open
318,898
320,829
Corporate Bonds
Open/Demand
Goldman Sachs & Co. LLC
4.45
(b)
02/11/25
Open
1,255,196
1,262,799
Corporate Bonds
Open/Demand
Goldman Sachs & Co. LLC
4.45
(b)
02/11/25
Open
229,770
231,162
Corporate Bonds
Open/Demand
Goldman Sachs & Co. LLC
4.55
(b)
02/11/25
Open
694,272
698,572
Corporate Bonds
Open/Demand
Goldman Sachs & Co. LLC
4.55
(b)
02/11/25
Open
215,794
217,130
Corporate Bonds
Open/Demand
Goldman Sachs & Co. LLC
4.55
(b)
02/11/25
Open
647,822
651,835
Corporate Bonds
Open/Demand
Goldman Sachs & Co. LLC
4.55
(b)
02/11/25
Open
339,031
341,131
Corporate Bonds
Open/Demand
Goldman Sachs & Co. LLC
4.55
(b)
02/11/25
Open
263,703
265,336
Corporate Bonds
Open/Demand
Goldman Sachs & Co. LLC
4.55
(b)
02/11/25
Open
412,515
415,070
Corporate Bonds
Open/Demand
Goldman Sachs & Co. LLC
4.55
(b)
02/11/25
Open
648,270
652,285
Corporate Bonds
Open/Demand
Goldman Sachs & Co. LLC
4.55
(b)
02/11/25
Open
194,100
195,302
Corporate Bonds
Open/Demand
Goldman Sachs & Co. LLC
4.55
(b)
02/11/25
Open
286,150
287,922
Corporate Bonds
Open/Demand
Goldman Sachs & Co. LLC
4.55
(b)
02/11/25
Open
337,269
339,357
Capital Trusts
Open/Demand
Nomura Securities International, Inc.
4.48
(b)
02/13/25
Open
761,250
765,702
Corporate Bonds
Open/Demand
RBC Capital Markets, LLC
4.50
(b)
02/13/25
Open
2,557,750
2,572,777
Corporate Bonds
Open/Demand
RBC Capital Markets, LLC
4.50
(b)
02/13/25
Open
2,466,750
2,481,242
Corporate Bonds
Open/Demand
RBC Capital Markets, LLC
4.50
(b)
02/13/25
Open
220,800
222,097
Corporate Bonds
Open/Demand
BofA Securities, Inc.
4.64
02/18/25
05/13/25
50,334
50,334
Corporate Bonds
31 - 90 Days
Nomura Securities International, Inc.
4.48
(b)
02/18/25
Open
1,338,812
1,345,810
Corporate Bonds
Open/Demand
BNP Paribas SA
4.35
(b)
02/20/25
Open
1,427,929
1,434,830
Corporate Bonds
Open/Demand
BNP Paribas SA
4.40
(b)
02/20/25
Open
1,410,694
1,417,590
Corporate Bonds
Open/Demand
BNP Paribas SA
4.40
(b)
02/20/25
Open
231,540
232,672
Corporate Bonds
Open/Demand
BNP Paribas SA
4.40
(b)
02/20/25
Open
623,627
626,676
Corporate Bonds
Open/Demand
BNP Paribas SA
4.42
(b)
02/20/25
Open
108,086
108,617
Corporate Bonds
Open/Demand
BNP Paribas SA
4.44
(b)
02/20/25
Open
197,773
198,748
Corporate Bonds
Open/Demand
BNP Paribas SA
4.44
(b)
02/20/25
Open
1,938,229
1,947,791
Corporate Bonds
Open/Demand
BNP Paribas SA
4.44
(b)
02/20/25
Open
3,770,000
3,788,599
Capital Trusts
Open/Demand
Schedule of Investments
30

Schedule of Investments (unaudited)(continued)
March 31, 2025
BlackRock Limited Duration Income Trust (BLW)
Reverse Repurchase Agreements (continued)
Counterparty
Interest
Rate
Trade
Date
Maturity
Date(a)
Face Value
Face Value
Including
Accrued Interest
Type of Non-Cash Underlying
Collateral
Remaining
Contractual Maturity
of the Agreements(a)
BNP Paribas SA
4.45
%(b)
02/20/25
Open
$ 458,569
$ 460,836
Corporate Bonds
Open/Demand
BNP Paribas SA
4.45
(b)
02/20/25
Open
534,375
537,017
Corporate Bonds
Open/Demand
BNP Paribas SA
4.46
(b)
02/20/25
Open
319,335
320,917
Corporate Bonds
Open/Demand
BNP Paribas SA
4.46
(b)
02/20/25
Open
240,530
241,722
Corporate Bonds
Open/Demand
BNP Paribas SA
4.46
(b)
02/20/25
Open
197,708
198,687
Corporate Bonds
Open/Demand
BNP Paribas SA
4.47
(b)
02/20/25
Open
618,675
621,748
Corporate Bonds
Open/Demand
BNP Paribas SA
4.48
(b)
02/20/25
Open
465,176
467,492
Corporate Bonds
Open/Demand
BNP Paribas SA
4.49
(b)
02/20/25
Open
658,940
662,227
Corporate Bonds
Open/Demand
BNP Paribas SA
4.49
(b)
02/20/25
Open
627,202
630,332
Corporate Bonds
Open/Demand
BNP Paribas SA
4.49
(b)
02/20/25
Open
442,260
444,466
Corporate Bonds
Open/Demand
BNP Paribas SA
4.49
(b)
02/20/25
Open
286,259
287,687
Corporate Bonds
Open/Demand
BNP Paribas SA
4.49
(b)
02/20/25
Open
1,078,180
1,083,559
Corporate Bonds
Open/Demand
BNP Paribas SA
4.49
(b)
02/20/25
Open
98,383
98,873
Corporate Bonds
Open/Demand
BNP Paribas SA
4.49
(b)
02/20/25
Open
541,615
544,317
Corporate Bonds
Open/Demand
BNP Paribas SA
4.49
(b)
02/20/25
Open
217,710
218,796
Corporate Bonds
Open/Demand
BNP Paribas SA
4.49
(b)
02/20/25
Open
226,800
227,931
Corporate Bonds
Open/Demand
BNP Paribas SA
4.49
(b)
02/20/25
Open
127,268
127,902
Corporate Bonds
Open/Demand
BNP Paribas SA
4.49
(b)
02/20/25
Open
144,760
145,482
Corporate Bonds
Open/Demand
BNP Paribas SA
4.49
(b)
02/20/25
Open
1,037,659
1,042,836
Corporate Bonds
Open/Demand
BNP Paribas SA
4.49
(b)
02/20/25
Open
1,010,885
1,015,928
Corporate Bonds
Open/Demand
BNP Paribas SA
4.49
(b)
02/20/25
Open
724,040
727,652
Corporate Bonds
Open/Demand
BNP Paribas SA
4.49
(b)
02/20/25
Open
115,411
115,987
Corporate Bonds
Open/Demand
BNP Paribas SA
4.49
(b)
02/20/25
Open
739,000
742,687
Corporate Bonds
Open/Demand
BNP Paribas SA
4.49
(b)
02/20/25
Open
722,332
725,936
Corporate Bonds
Open/Demand
BNP Paribas SA
4.50
(b)
02/20/25
Open
420,200
422,301
Corporate Bonds
Open/Demand
BNP Paribas SA
4.50
(b)
02/20/25
Open
782,825
786,583
Corporate Bonds
Open/Demand
BNP Paribas SA
4.50
(b)
02/20/25
Open
1,247,062
1,253,298
Corporate Bonds
Open/Demand
BNP Paribas SA
4.51
(b)
02/20/25
Open
128,081
128,723
Capital Trusts
Open/Demand
BNP Paribas SA
4.52
(b)
02/20/25
Open
178,200
179,095
Corporate Bonds
Open/Demand
BNP Paribas SA
4.52
(b)
02/20/25
Open
178,500
179,396
Corporate Bonds
Open/Demand
BNP Paribas SA
4.53
(b)
02/20/25
Open
472,500
474,878
Capital Trusts
Open/Demand
BNP Paribas SA
4.54
(b)
02/20/25
Open
167,250
168,094
Corporate Bonds
Open/Demand
BNP Paribas SA
4.54
(b)
02/20/25
Open
207,350
208,396
Corporate Bonds
Open/Demand
BNP Paribas SA
4.56
(b)
02/20/25
Open
522,025
524,670
Corporate Bonds
Open/Demand
BNP Paribas SA
4.60
(b)
02/20/25
Open
197,741
198,752
Corporate Bonds
Open/Demand
BNP Paribas SA
4.60
(b)
02/20/25
Open
352,774
354,577
Corporate Bonds
Open/Demand
BNP Paribas SA
4.63
(b)
02/20/25
Open
1,733,275
1,742,192
Corporate Bonds
Open/Demand
BNP Paribas SA
4.63
(b)
02/20/25
Open
1,385,209
1,392,335
Corporate Bonds
Open/Demand
BNP Paribas SA
4.64
(b)
02/20/25
Open
214,751
215,858
Corporate Bonds
Open/Demand
BNP Paribas SA
4.64
(b)
02/20/25
Open
294,278
295,795
Corporate Bonds
Open/Demand
BNP Paribas SA
4.65
(b)
02/20/25
Open
215,573
216,686
Corporate Bonds
Open/Demand
BNP Paribas SA
4.65
(b)
02/20/25
Open
903,925
908,595
Corporate Bonds
Open/Demand
BNP Paribas SA
4.65
(b)
02/20/25
Open
2,323,687
2,335,693
Corporate Bonds
Open/Demand
BNP Paribas SA
4.65
(b)
02/20/25
Open
738,958
742,776
Corporate Bonds
Open/Demand
BNP Paribas SA
4.65
(b)
02/20/25
Open
1,838,700
1,848,200
Capital Trusts
Open/Demand
BNP Paribas SA
4.65
(b)
02/20/25
Open
273,105
274,516
Capital Trusts
Open/Demand
BNP Paribas SA
4.65
(b)
02/20/25
Open
1,599,180
1,607,442
Capital Trusts
Open/Demand
BNP Paribas SA
4.65
(b)
02/20/25
Open
193,064
194,061
Capital Trusts
Open/Demand
BNP Paribas SA
4.65
(b)
02/20/25
Open
156,870
157,680
Corporate Bonds
Open/Demand
BNP Paribas SA
4.65
(b)
02/20/25
Open
281,725
283,181
Corporate Bonds
Open/Demand
BNP Paribas SA
4.65
(b)
02/20/25
Open
398,612
400,672
Corporate Bonds
Open/Demand
BNP Paribas SA
4.65
(b)
02/20/25
Open
792,192
796,285
Capital Trusts
Open/Demand
BNP Paribas SA
4.65
(b)
02/20/25
Open
657,498
660,895
Capital Trusts
Open/Demand
BNP Paribas SA
4.65
(b)
02/20/25
Open
173,250
174,145
Corporate Bonds
Open/Demand
BNP Paribas SA
4.65
(b)
02/20/25
Open
91,558
92,031
Corporate Bonds
Open/Demand
BNP Paribas SA
4.67
(b)
02/20/25
Open
1,433,250
1,440,687
Capital Trusts
Open/Demand
BNP Paribas SA
4.68
(b)
02/20/25
Open
307,248
308,845
Corporate Bonds
Open/Demand
BNP Paribas SA
4.68
(b)
02/20/25
Open
692,914
696,517
Capital Trusts
Open/Demand
BNP Paribas SA
4.49
(b)
02/25/25
Open
286,120
287,369
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.47
(b)
02/25/25
Open
29,070,000
29,190,704
U.S. Treasury Obligations
Open/Demand
TD Securities (USA) LLC
4.49
(b)
02/25/25
Open
699,375
702,428
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.49
(b)
02/25/25
Open
175,288
176,053
Corporate Bonds
Open/Demand
31

Schedule of Investments (unaudited)(continued)
March 31, 2025
BlackRock Limited Duration Income Trust (BLW)
Reverse Repurchase Agreements (continued)
Counterparty
Interest
Rate
Trade
Date
Maturity
Date(a)
Face Value
Face Value
Including
Accrued Interest
Type of Non-Cash Underlying
Collateral
Remaining
Contractual Maturity
of the Agreements(a)
TD Securities (USA) LLC
4.49
%(b)
02/25/25
Open
$ 220,688
$ 221,651
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.49
(b)
02/25/25
Open
476,875
478,957
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.50
(b)
02/25/25
Open
443,250
445,189
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.50
(b)
02/25/25
Open
953,750
957,923
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.50
(b)
02/25/25
Open
334,319
335,781
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.50
(b)
02/25/25
Open
273,375
274,571
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.50
(b)
02/25/25
Open
311,728
313,091
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.50
(b)
02/25/25
Open
1,158,000
1,163,066
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.51
(b)
02/25/25
Open
264,950
266,112
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.51
(b)
02/25/25
Open
304,875
306,212
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.55
(b)
02/25/25
Open
294,113
295,414
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.55
(b)
02/25/25
Open
252,079
253,194
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.55
(b)
02/25/25
Open
480,960
483,088
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.55
(b)
02/25/25
Open
362,414
364,017
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.63
(b)
02/25/25
Open
388,987
390,738
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.64
(b)
02/25/25
Open
739,217
742,552
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.64
(b)
02/25/25
Open
1,127,912
1,133,001
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.65
(b)
02/25/25
Open
388,220
389,975
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.65
(b)
02/25/25
Open
414,156
416,029
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.65
(b)
02/25/25
Open
252,038
253,177
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.65
(b)
02/25/25
Open
1,786,020
1,794,094
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.65
(b)
02/25/25
Open
348,530
350,106
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.65
(b)
02/25/25
Open
380,765
382,486
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.65
(b)
02/25/25
Open
1,547,585
1,554,581
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.65
(b)
02/25/25
Open
191,081
191,945
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.65
(b)
02/25/25
Open
715,011
718,243
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.65
(b)
02/25/25
Open
370,830
372,506
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.65
(b)
02/25/25
Open
141,313
141,951
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.65
(b)
02/25/25
Open
1,235,769
1,241,355
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.65
(b)
02/25/25
Open
210,023
210,972
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.65
(b)
02/25/25
Open
946,888
951,169
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.65
(b)
02/25/25
Open
696,525
699,674
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.65
(b)
02/25/25
Open
294,768
296,100
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.65
(b)
02/25/25
Open
237,639
238,713
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.65
(b)
02/25/25
Open
332,281
333,783
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.65
(b)
02/25/25
Open
821,000
824,712
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.65
(b)
02/25/25
Open
329,335
330,824
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.65
(b)
02/25/25
Open
120,265
120,809
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.65
(b)
02/25/25
Open
658,497
661,474
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.65
(b)
02/25/25
Open
448,162
450,188
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.65
(b)
02/25/25
Open
588,240
590,899
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.65
(b)
02/25/25
Open
105,875
106,354
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.65
(b)
02/25/25
Open
476,900
479,056
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.65
(b)
02/25/25
Open
860,700
864,591
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.65
(b)
02/25/25
Open
1,780,444
1,788,493
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.65
(b)
02/25/25
Open
293,400
294,726
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.65
(b)
02/25/25
Open
587,260
589,915
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.65
(b)
02/25/25
Open
614,377
617,155
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.65
(b)
02/25/25
Open
365,662
367,316
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.65
(b)
02/25/25
Open
539,459
541,898
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.65
(b)
02/25/25
Open
485,209
487,402
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.65
(b)
02/25/25
Open
1,322,446
1,328,425
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.65
(b)
02/25/25
Open
517,275
519,614
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.65
(b)
02/25/25
Open
548,150
550,628
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.65
(b)
02/25/25
Open
4,160,835
4,179,645
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.65
(b)
02/25/25
Open
314,804
316,227
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.65
(b)
02/25/25
Open
207,989
208,929
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.65
(b)
02/25/25
Open
192,995
193,868
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.65
(b)
02/25/25
Open
390,947
392,715
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.65
(b)
02/25/25
Open
460,539
462,621
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.65
(b)
02/25/25
Open
382,147
383,875
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.65
(b)
02/25/25
Open
536,285
538,709
Corporate Bonds
Open/Demand
Schedule of Investments
32

Schedule of Investments (unaudited)(continued)
March 31, 2025
BlackRock Limited Duration Income Trust (BLW)
Reverse Repurchase Agreements (continued)
Counterparty
Interest
Rate
Trade
Date
Maturity
Date(a)
Face Value
Face Value
Including
Accrued Interest
Type of Non-Cash Underlying
Collateral
Remaining
Contractual Maturity
of the Agreements(a)
TD Securities (USA) LLC
4.65
%(b)
02/25/25
Open
$ 641,520
$ 644,420
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.65
(b)
02/25/25
Open
257,789
258,954
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.65
(b)
02/25/25
Open
925,312
929,496
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.65
(b)
02/25/25
Open
1,366,906
1,373,086
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.65
(b)
02/25/25
Open
1,159,340
1,164,581
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.65
(b)
02/25/25
Open
267,221
268,429
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.65
(b)
02/25/25
Open
624,146
626,968
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.65
(b)
02/25/25
Open
302,738
304,106
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.65
(b)
02/25/25
Open
377,860
379,568
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.65
(b)
02/25/25
Open
980,505
984,938
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.65
(b)
02/25/25
Open
312,285
313,697
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.65
(b)
02/25/25
Open
479,460
481,628
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.65
(b)
02/25/25
Open
2,075,385
2,084,767
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.65
(b)
02/25/25
Open
365,375
367,027
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.65
(b)
02/25/25
Open
359,080
360,703
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.65
(b)
02/25/25
Open
836,080
839,860
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.65
(b)
02/25/25
Open
313,266
314,682
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.65
(b)
02/25/25
Open
1,120,691
1,125,758
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.65
(b)
02/25/25
Open
477,225
479,382
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.65
(b)
02/25/25
Open
142,155
142,798
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.65
(b)
02/25/25
Open
2,572,802
2,584,434
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.65
(b)
02/25/25
Open
133,403
134,006
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.65
(b)
02/25/25
Open
885,190
889,191
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.65
(b)
02/25/25
Open
286,200
287,494
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.66
(b)
02/25/25
Open
215,989
216,967
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.66
(b)
02/25/25
Open
493,790
496,027
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.66
(b)
02/25/25
Open
141,923
142,565
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.66
(b)
02/25/25
Open
250,560
251,695
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.66
(b)
02/25/25
Open
194,394
195,275
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.66
(b)
02/25/25
Open
285,578
286,871
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.66
(b)
02/25/25
Open
249,307
250,437
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.66
(b)
02/25/25
Open
3,208,230
3,222,765
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.66
(b)
02/25/25
Open
216,106
217,085
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.66
(b)
02/25/25
Open
860,754
864,654
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.66
(b)
02/25/25
Open
227,200
228,229
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.66
(b)
02/25/25
Open
321,725
323,183
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.66
(b)
02/25/25
Open
186,200
187,044
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.66
(b)
02/25/25
Open
161,778
162,510
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.66
(b)
02/25/25
Open
665,145
668,158
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.66
(b)
02/25/25
Open
312,848
314,265
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.66
(b)
02/25/25
Open
547,500
549,980
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.66
(b)
02/25/25
Open
264,535
265,733
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.66
(b)
02/25/25
Open
261,293
262,476
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.66
(b)
02/25/25
Open
325,125
326,598
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.66
(b)
02/25/25
Open
330,190
331,686
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.66
(b)
02/25/25
Open
255,634
256,792
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.66
(b)
02/25/25
Open
263,588
264,782
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.66
(b)
02/25/25
Open
630,700
633,557
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.66
(b)
02/25/25
Open
217,425
218,410
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.66
(b)
02/25/25
Open
380,370
382,093
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.66
(b)
02/25/25
Open
373,937
375,632
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.66
(b)
02/25/25
Open
482,300
484,485
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.66
(b)
02/25/25
Open
152,041
152,730
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.66
(b)
02/25/25
Open
274,160
275,402
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.66
(b)
02/25/25
Open
555,430
557,947
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.66
(b)
02/25/25
Open
370,520
372,199
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.66
(b)
02/25/25
Open
383,165
384,901
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.66
(b)
02/25/25
Open
245,114
246,224
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.66
(b)
02/25/25
Open
558,675
561,206
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.66
(b)
02/25/25
Open
669,000
672,031
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.66
(b)
02/25/25
Open
260,979
262,161
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.66
(b)
02/25/25
Open
197,262
198,155
Corporate Bonds
Open/Demand
33

Schedule of Investments (unaudited)(continued)
March 31, 2025
BlackRock Limited Duration Income Trust (BLW)
Reverse Repurchase Agreements (continued)
Counterparty
Interest
Rate
Trade
Date
Maturity
Date(a)
Face Value
Face Value
Including
Accrued Interest
Type of Non-Cash Underlying
Collateral
Remaining
Contractual Maturity
of the Agreements(a)
TD Securities (USA) LLC
4.68
%(b)
02/25/25
Open
$ 251,940
$ 253,086
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.68
(b)
02/25/25
Open
507,967
510,279
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.68
(b)
02/25/25
Open
216,488
217,473
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.68
(b)
02/25/25
Open
197,683
198,582
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.65
(b)
02/28/25
Open
692,422
695,285
Corporate Bonds
Open/Demand
Barclays Bank PLC
5.01
03/05/25
04/04/25
610,540
612,664
Asset-Backed Securities
Up to 30 Days
Barclays Bank PLC
5.01
03/05/25
04/04/25
438,156
439,681
Asset-Backed Securities
Up to 30 Days
Barclays Bank PLC
5.01
03/05/25
04/04/25
435,750
437,266
Asset-Backed Securities
Up to 30 Days
BofA Securities, Inc.
4.88
03/05/25
04/04/25
1,114,964
1,118,742
Non-Agency Mortgage-Backed
Securities
Up to 30 Days
BofA Securities, Inc.
4.88
03/05/25
04/04/25
1,160,317
1,164,249
Non-Agency Mortgage-Backed
Securities
Up to 30 Days
BofA Securities, Inc.
4.88
03/05/25
04/04/25
1,237,369
1,241,563
Non-Agency Mortgage-Backed
Securities
Up to 30 Days
BofA Securities, Inc.
4.88
03/05/25
04/04/25
1,019,426
1,022,881
Non-Agency Mortgage-Backed
Securities
Up to 30 Days
TD Securities (USA) LLC
4.66
(b)
03/05/25
Open
370,000
371,293
Corporate Bonds
Open/Demand
RBC Capital Markets, LLC
4.65
(b)
03/10/25
Open
184,993
185,518
Corporate Bonds
Open/Demand
BofA Securities, Inc.
4.87
03/11/25
04/11/25
1,456,015
1,459,954
Asset-Backed Securities
Up to 30 Days
BofA Securities, Inc.
4.87
03/11/25
04/11/25
2,722,250
2,729,615
Asset-Backed Securities
Up to 30 Days
RBC Capital Markets, LLC
4.65
(b)
03/11/25
Open
378,245
379,271
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.46
03/12/25
04/14/25
787,666
789,520
U.S. Government Sponsored
Agency Securities
Up to 30 Days
TD Securities (USA) LLC
4.46
03/12/25
04/14/25
5,623,407
5,636,644
U.S. Government Sponsored
Agency Securities
Up to 30 Days
TD Securities (USA) LLC
4.46
03/12/25
04/14/25
2,833,564
2,840,234
U.S. Government Sponsored
Agency Securities
Up to 30 Days
TD Securities (USA) LLC
4.46
03/12/25
04/14/25
2,087,329
2,092,242
U.S. Government Sponsored
Agency Securities
Up to 30 Days
TD Securities (USA) LLC
4.46
03/12/25
04/14/25
1,484,932
1,488,427
U.S. Government Sponsored
Agency Securities
Up to 30 Days
TD Securities (USA) LLC
4.46
03/12/25
04/14/25
470,447
471,554
U.S. Government Sponsored
Agency Securities
Up to 30 Days
Merrill Lynch International
4.50
03/13/25
04/11/25
668,693
670,282
Corporate Bonds
Up to 30 Days
Merrill Lynch International
4.55
03/13/25
04/11/25
200,207
200,688
Corporate Bonds
Up to 30 Days
Merrill Lynch International
4.64
03/13/25
04/11/25
360,516
361,399
Corporate Bonds
Up to 30 Days
Merrill Lynch International
4.65
03/13/25
04/11/25
292,193
292,910
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
3.50
03/14/25
04/11/25
114,760
114,961
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.15
03/14/25
04/11/25
375,862
376,642
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.20
03/14/25
04/11/25
97,595
97,800
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.25
03/14/25
04/11/25
271,150
271,726
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.30
03/14/25
04/11/25
245,860
246,389
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.35
03/14/25
04/11/25
440,865
441,824
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.35
03/14/25
04/11/25
510,817
511,929
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.35
03/14/25
04/11/25
227,700
228,195
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.35
03/14/25
04/11/25
521,675
522,810
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.35
03/14/25
04/11/25
480,219
481,263
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.40
03/14/25
04/11/25
96,044
96,255
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.40
03/14/25
04/11/25
437,827
438,791
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.40
03/14/25
04/11/25
339,159
339,905
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.40
03/14/25
04/11/25
95,760
95,971
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.40
03/14/25
04/11/25
267,224
267,812
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.40
03/14/25
04/11/25
205,500
205,952
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.40
03/14/25
04/11/25
443,362
444,338
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.40
03/14/25
04/11/25
143,560
143,876
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.45
03/14/25
04/11/25
763,290
764,988
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.45
03/14/25
04/11/25
1,736,006
1,739,869
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.45
03/14/25
04/11/25
303,240
303,915
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.45
03/14/25
04/11/25
477,420
478,482
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.45
03/14/25
04/11/25
1,154,250
1,156,818
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.45
03/14/25
04/11/25
155,685
156,031
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.45
03/14/25
04/11/25
231,785
232,301
Corporate Bonds
Up to 30 Days
Schedule of Investments
34

Schedule of Investments (unaudited)(continued)
March 31, 2025
BlackRock Limited Duration Income Trust (BLW)
Reverse Repurchase Agreements (continued)
Counterparty
Interest
Rate
Trade
Date
Maturity
Date(a)
Face Value
Face Value
Including
Accrued Interest
Type of Non-Cash Underlying
Collateral
Remaining
Contractual Maturity
of the Agreements(a)
BofA Securities, Inc.
4.45
% 
03/14/25
04/11/25
$ 346,647
$ 347,419
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.45
03/14/25
04/11/25
1,159,986
1,162,567
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.45
03/14/25
04/11/25
208,583
209,047
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.45
03/14/25
04/11/25
552,191
553,420
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.50
03/14/25
04/11/25
293,020
293,679
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.50
03/14/25
04/11/25
86,083
86,277
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.50
03/14/25
04/11/25
504,157
505,292
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.50
03/14/25
04/11/25
266,126
266,725
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.50
03/14/25
04/11/25
985,000
987,216
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.50
03/14/25
04/11/25
309,938
310,635
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.50
03/14/25
04/11/25
296,380
297,047
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.50
03/14/25
04/11/25
1,173,112
1,175,752
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.50
03/14/25
04/11/25
176,120
176,516
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.50
03/14/25
04/11/25
458,384
459,415
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.50
03/14/25
04/11/25
605,741
607,104
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.53
03/14/25
04/11/25
196,578
197,023
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.55
03/14/25
04/11/25
926,275
928,382
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.55
03/14/25
04/11/25
1,042,492
1,044,864
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.55
03/14/25
04/11/25
572,812
574,116
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.60
03/14/25
04/11/25
459,277
460,334
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.60
03/14/25
04/11/25
899,250
901,318
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.60
03/14/25
04/11/25
328,583
329,338
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.60
03/14/25
04/11/25
173,420
173,819
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.60
03/14/25
04/11/25
398,985
399,903
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.60
03/14/25
04/11/25
182,410
182,830
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.60
03/14/25
04/11/25
179,025
179,437
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.60
03/14/25
04/11/25
2,260,469
2,265,668
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.60
03/14/25
04/11/25
541,190
542,435
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.60
03/14/25
04/11/25
152,994
153,346
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.60
03/14/25
04/11/25
559,947
561,235
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.60
03/14/25
04/11/25
190,650
191,088
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.60
03/14/25
04/11/25
421,871
422,842
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.60
03/14/25
04/11/25
229,889
230,417
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.60
03/14/25
04/11/25
1,803,007
1,807,154
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.60
03/14/25
04/11/25
471,987
473,073
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.60
03/14/25
04/11/25
431,447
432,440
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.60
03/14/25
04/11/25
274,500
275,131
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.60
03/14/25
04/11/25
308,394
309,103
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.60
03/14/25
04/11/25
602,647
604,034
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.60
03/14/25
04/11/25
2,010,976
2,015,601
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.60
03/14/25
04/11/25
864,172
866,159
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.60
03/14/25
04/11/25
362,651
363,485
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.60
03/14/25
04/11/25
519,495
520,690
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.64
03/14/25
04/11/25
311,863
312,586
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.64
03/14/25
04/11/25
342,653
343,447
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.64
03/14/25
04/11/25
716,900
718,563
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.64
03/14/25
04/11/25
880,075
882,117
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.64
03/14/25
04/11/25
938,795
940,973
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.64
03/14/25
04/11/25
393,975
394,889
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.65
03/14/25
04/11/25
557,390
558,686
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.65
03/14/25
04/11/25
442,800
443,830
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.65
03/14/25
04/11/25
101,869
102,106
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.65
03/14/25
04/11/25
510,817
512,005
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.65
03/14/25
04/11/25
1,396,120
1,399,366
Corporate Bonds
Up to 30 Days
TD Securities (USA) LLC
4.63
(b)
03/14/25
Open
592,020
593,391
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.49
(b)
03/17/25
Open
355,520
356,185
Corporate Bonds
Open/Demand
J.P. Morgan Securities LLC
4.30
03/18/25
04/22/25
482,812
483,620
Corporate Bonds
Up to 30 Days
J.P. Morgan Securities LLC
4.40
03/18/25
04/22/25
242,673
243,088
Corporate Bonds
Up to 30 Days
J.P. Morgan Securities LLC
4.50
03/18/25
04/22/25
255,386
255,833
Corporate Bonds
Up to 30 Days
J.P. Morgan Securities LLC
4.50
03/18/25
04/22/25
174,869
175,175
Corporate Bonds
Up to 30 Days
J.P. Morgan Securities LLC
4.50
03/18/25
04/22/25
301,961
302,490
Corporate Bonds
Up to 30 Days
J.P. Morgan Securities LLC
4.50
03/18/25
04/22/25
229,531
229,933
Corporate Bonds
Up to 30 Days
35

Schedule of Investments (unaudited)(continued)
March 31, 2025
BlackRock Limited Duration Income Trust (BLW)
Reverse Repurchase Agreements (continued)
Counterparty
Interest
Rate
Trade
Date
Maturity
Date(a)
Face Value
Face Value
Including
Accrued Interest
Type of Non-Cash Underlying
Collateral
Remaining
Contractual Maturity
of the Agreements(a)
J.P. Morgan Securities LLC
4.50
% 
03/18/25
04/22/25
$ 373,391
$ 374,044
Corporate Bonds
Up to 30 Days
J.P. Morgan Securities LLC
4.50
03/18/25
04/22/25
1,946,717
1,950,124
Corporate Bonds
Up to 30 Days
J.P. Morgan Securities LLC
4.50
03/18/25
04/22/25
624,712
625,806
Corporate Bonds
Up to 30 Days
J.P. Morgan Securities LLC
4.50
03/18/25
04/22/25
141,552
141,800
Corporate Bonds
Up to 30 Days
J.P. Morgan Securities LLC
4.50
03/18/25
04/22/25
144,614
144,867
Corporate Bonds
Up to 30 Days
J.P. Morgan Securities LLC
4.50
03/18/25
04/22/25
196,088
196,431
Corporate Bonds
Up to 30 Days
J.P. Morgan Securities LLC
4.50
03/18/25
04/22/25
379,081
379,745
Corporate Bonds
Up to 30 Days
J.P. Morgan Securities LLC
4.50
03/18/25
04/22/25
1,157,442
1,159,468
Corporate Bonds
Up to 30 Days
J.P. Morgan Securities LLC
4.50
03/18/25
04/22/25
329,588
330,164
Corporate Bonds
Up to 30 Days
J.P. Morgan Securities LLC
4.50
03/18/25
04/22/25
155,150
155,422
Corporate Bonds
Up to 30 Days
J.P. Morgan Securities LLC
4.50
03/18/25
04/22/25
172,415
172,717
Corporate Bonds
Up to 30 Days
J.P. Morgan Securities LLC
4.50
03/18/25
04/22/25
334,950
335,536
Corporate Bonds
Up to 30 Days
BofA Securities, Inc.
4.50
03/19/25
04/11/25
101,806
101,971
Corporate Bonds
Up to 30 Days
BNP Paribas SA
4.49
(b)
03/19/25
Open
180,256
180,549
Corporate Bonds
Open/Demand
HSBC Bank PLC
4.65
(b)
03/19/25
Open
400,907
401,581
Corporate Bonds
Open/Demand
HSBC Bank PLC
4.65
(b)
03/19/25
Open
583,275
584,254
Corporate Bonds
Open/Demand
HSBC Bank PLC
4.65
(b)
03/19/25
Open
751,500
752,762
Corporate Bonds
Open/Demand
HSBC Securities (USA), Inc.
4.50
(b)
03/19/25
Open
937,500
939,023
Corporate Bonds
Open/Demand
HSBC Securities (USA), Inc.
4.50
(b)
03/19/25
Open
850,000
851,381
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.55
(b)
03/19/25
Open
429,965
430,671
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.65
(b)
03/19/25
Open
199,020
199,354
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.65
(b)
03/19/25
Open
651,159
652,252
Corporate Bonds
Open/Demand
Nomura Securities International, Inc.
4.65
(b)
03/20/25
Open
359,458
360,015
Corporate Bonds
Open/Demand
TD Securities (USA) LLC
4.66
(b)
03/20/25
Open
297,830
298,293
Corporate Bonds
Open/Demand
Barclays Bank PLC
4.50
03/21/25
05/09/25
813,375
814,493
Corporate Bonds
31 - 90 Days
Barclays Bank PLC
4.50
03/21/25
05/09/25
448,500
449,117
Corporate Bonds
31 - 90 Days
Barclays Bank PLC
4.55
03/21/25
05/09/25
2,821,875
2,825,798
Capital Trusts
31 - 90 Days
Barclays Bank PLC
4.55
03/21/25
05/09/25
449,882
450,507
Capital Trusts
31 - 90 Days
Barclays Bank PLC
4.60
03/21/25
05/09/25
2,337,436
2,340,722
Corporate Bonds
31 - 90 Days
Barclays Bank PLC
4.65
03/21/25
05/09/25
1,745,520
1,748,000
Capital Trusts
31 - 90 Days
Barclays Bank PLC
4.65
03/21/25
05/09/25
2,243,556
2,246,744
Capital Trusts
31 - 90 Days
Barclays Bank PLC
4.65
03/21/25
05/09/25
4,211,800
4,217,784
Capital Trusts
31 - 90 Days
Barclays Bank PLC
4.65
03/21/25
05/09/25
390,928
391,484
Capital Trusts
31 - 90 Days
Barclays Bank PLC
4.65
03/21/25
05/09/25
3,413,340
3,418,190
Corporate Bonds
31 - 90 Days
Barclays Capital, Inc.
3.00
03/21/25
05/09/25
87,313
87,393
Corporate Bonds
31 - 90 Days
Barclays Capital, Inc.
4.20
03/21/25
05/09/25
327,803
328,224
Corporate Bonds
31 - 90 Days
Barclays Capital, Inc.
4.45
03/21/25
05/09/25
268,048
268,412
Capital Trusts
31 - 90 Days
Barclays Capital, Inc.
4.45
03/21/25
05/09/25
646,774
647,654
Corporate Bonds
31 - 90 Days
Barclays Capital, Inc.
4.49
03/21/25
05/09/25
983,320
984,669
Corporate Bonds
31 - 90 Days
Barclays Capital, Inc.
4.49
03/21/25
05/09/25
677,875
678,805
Corporate Bonds
31 - 90 Days
Barclays Capital, Inc.
4.55
03/21/25
05/09/25
327,038
327,492
Corporate Bonds
31 - 90 Days
Barclays Capital, Inc.
4.55
03/21/25
05/09/25
185,350
185,608
Corporate Bonds
31 - 90 Days
Barclays Capital, Inc.
4.55
03/21/25
05/09/25
298,845
299,260
Corporate Bonds
31 - 90 Days
Barclays Capital, Inc.
4.55
03/21/25
05/09/25
294,578
294,987
Corporate Bonds
31 - 90 Days
Barclays Capital, Inc.
4.60
03/21/25
05/09/25
448,331
448,961
Corporate Bonds
31 - 90 Days
Barclays Capital, Inc.
4.65
03/21/25
05/09/25
310,471
310,913
Corporate Bonds
31 - 90 Days
Barclays Capital, Inc.
4.65
03/21/25
05/09/25
1,211,364
1,213,085
Corporate Bonds
31 - 90 Days
Barclays Capital, Inc.
4.65
03/21/25
05/09/25
438,964
439,588
Capital Trusts
31 - 90 Days
Barclays Capital, Inc.
4.65
03/21/25
05/09/25
1,057,612
1,059,115
Capital Trusts
31 - 90 Days
Barclays Capital, Inc.
4.65
03/21/25
05/09/25
1,121,075
1,122,668
Capital Trusts
31 - 90 Days
Barclays Capital, Inc.
4.65
03/21/25
05/09/25
613,602
614,473
Corporate Bonds
31 - 90 Days
Barclays Capital, Inc.
4.65
03/21/25
05/09/25
1,185,108
1,186,792
Corporate Bonds
31 - 90 Days
Barclays Capital, Inc.
4.65
03/21/25
05/09/25
388,759
389,311
Corporate Bonds
31 - 90 Days
Barclays Capital, Inc.
4.65
03/21/25
05/09/25
317,403
317,854
Corporate Bonds
31 - 90 Days
Barclays Capital, Inc.
4.65
03/21/25
05/09/25
414,710
415,299
Capital Trusts
31 - 90 Days
Barclays Capital, Inc.
4.65
03/21/25
05/09/25
588,000
588,835
Corporate Bonds
31 - 90 Days
Barclays Capital, Inc.
4.65
03/21/25
05/09/25
346,810
347,303
Corporate Bonds
31 - 90 Days
Barclays Capital, Inc.
4.65
03/21/25
05/09/25
1,140,150
1,141,770
Corporate Bonds
31 - 90 Days
Barclays Capital, Inc.
4.65
03/21/25
05/09/25
798,310
799,444
Corporate Bonds
31 - 90 Days
Barclays Capital, Inc.
4.65
03/21/25
05/09/25
997,920
999,338
Corporate Bonds
31 - 90 Days
RBC Capital Markets, LLC
4.50
(b)
03/25/25
Open
108,518
108,518
Corporate Bonds
Open/Demand
BofA Securities, Inc.
4.15
03/26/25
04/11/25
826,540
826,540
Corporate Bonds
Up to 30 Days
Schedule of Investments
36

Schedule of Investments (unaudited)(continued)
March 31, 2025
BlackRock Limited Duration Income Trust (BLW)
Reverse Repurchase Agreements (continued)
Counterparty
Interest
Rate
Trade
Date
Maturity
Date(a)
Face Value
Face Value
Including
Accrued Interest
Type of Non-Cash Underlying
Collateral
Remaining
Contractual Maturity
of the Agreements(a)
TD Securities (USA) LLC
4.65
%(b)
03/26/25
Open
$ 579,912
$ 579,912
Corporate Bonds
Open/Demand
BNP Paribas SA
4.65
03/28/25
04/09/25
355,255
355,255
Corporate Bonds
Up to 30 Days
 
 
 
$ 331,534,392
$ 333,109,214
 
 
(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. Ultra Long Treasury Note
110
06/18/25
$ 12,586
$ 189,286
2-Year U.S. Treasury Note
695
06/30/25
144,033
665,476
5-Year U.S. Treasury Note
245
06/30/25
26,527
27,011
 
881,773
Short Contracts
10-Year U.S. Treasury Note
415
06/18/25
46,240
(515,414
)
U.S. Long Bond
63
06/18/25
7,416
(114,297
)
Ultra U.S. Treasury Bond
14
06/18/25
1,721
(25,809
)
 
(655,520
)
 
$ 226,253
Forward Foreign Currency Exchange Contracts
Currency Purchased
Currency Sold
Counterparty
Settlement Date
Unrealized
Appreciation
(Depreciation)
EUR
123,751
USD
133,715
UBS AG
04/16/25
$ 196
USD
9,730,118
EUR
8,868,000
HSBC Bank PLC
06/18/25
99,720
USD
1,207,973
GBP
934,000
BNP Paribas SA
06/18/25
1,567
 
 
 
 
 
 
101,483
USD
39,872
EUR
36,890
Bank of America N.A.
04/16/25
(46
)
USD
34,134
EUR
33,000
Barclays Bank PLC
04/16/25
(1,575
)
USD
42,333
EUR
41,279
Toronto-Dominion Bank
04/16/25
(2,336
)
USD
257,944
EUR
251,524
Toronto-Dominion Bank
04/16/25
(14,232
)
USD
63,991
EUR
59,000
Deutsche Bank AG
06/18/25
(81
)
 
 
 
 
 
 
(18,270
)
 
$ 83,213
Centrally Cleared Credit Default Swaps — Buy Protection
Reference Obligation/Index
Financing
Rate Paid
by the Fund
Payment
Frequency
Termination
Date
Notional
Amount (000)
Value
Upfront
Premium
Paid
(Received)
Unrealized
Appreciation
(Depreciation)
CDX.NA.IG.41.V1
1.00
% 
Quarterly
12/20/28
USD
18,410
$ (363,292
)
$ (220,637
)
$ (142,655
)
CDX.NA.HY.44.V1
5.00
Quarterly
06/20/30
USD
5,800
(308,719
)
(335,653
)
26,934
 
 
$ (672,011
)
$ (556,290
)
$ (115,721
)
37

Schedule of Investments (unaudited)(continued)
March 31, 2025
BlackRock Limited Duration Income Trust (BLW)
OTC Credit Default Swaps — Sell Protection
Reference Obligation/Index
Financing
Rate Received
by the Fund
Payment
Frequency
Counterparty
Termination
Date
Credit
Rating(a)
Notional
Amount (000)(b)
Value
Upfront
Premium
Paid
(Received)
Unrealized
Appreciation
(Depreciation)
Virgin Media Finance PLC
5.00
% 
Quarterly
JPMorgan Chase Bank N.A.
12/20/25
B-
EUR
10
$ 308
$ 309
$ (1
)
CMA CGM SA
5.00
Quarterly
Morgan Stanley & Co.
International PLC
06/20/27
BB+
EUR
30
2,742
3,478
(736
)
Adler Real Estate AG
5.00
Quarterly
Bank of America N.A.
12/20/27
CCC+
EUR
7
411
(887
)
1,298
Adler Real Estate AG
5.00
Quarterly
Barclays Bank PLC
12/20/27
CCC+
EUR
4
247
(513
)
760
Adler Real Estate AG
5.00
Quarterly
Barclays Bank PLC
12/20/27
CCC+
EUR
12
695
(1,442
)
2,137
Adler Real Estate AG
5.00
Quarterly
Citibank N.A.
12/20/27
CCC+
EUR
4
202
(429
)
631
Adler Real Estate AG
5.00
Quarterly
JPMorgan Chase Bank N.A.
12/20/27
CCC+
EUR
8
422
(924
)
1,346
Adler Real Estate AG
5.00
Quarterly
Morgan Stanley & Co.
International PLC
12/20/27
CCC+
EUR
5
306
(653
)
959
Faurecia SE
5.00
Quarterly
Barclays Bank PLC
06/20/29
BB-
EUR
20
1,369
2,274
(905
)
Altice France SA
5.00
Quarterly
Deutsche Bank AG
12/20/29
CC
EUR
22
(4,550
)
(3,994
)
(556
)
iTraxx.XO.42 V2 20-35%
5.00
Quarterly
BNP Paribas SA
12/20/29
B+
EUR
33
3,739
4,229
(490
)
SES S.A.
1.00
Quarterly
Bank of America N.A.
12/20/29
NR
EUR
8
(527
)
(614
)
87
SES S.A.
1.00
Quarterly
Barclays Bank PLC
12/20/29
NR
EUR
8
(527
)
(555
)
28
 
 
 
 
 
 
$ 4,837
$ 279
$ 4,558
(a)
Using the rating of the issuer or the underlying securities of the index, as applicable, provided by S&P Global Ratings.
(b)
The maximum potential amount the Fund may pay should a negative credit event take place as defined under the terms of the agreement.
OTC Total Return Swaps
Paid by the Fund
Received by the Fund
 
 
 
 
 
 
 
 
Rate
Frequency
Reference
Frequency
Counterparty
Effective
Date
Termination
Date
Notional
Amount (000)
Value
Upfront
Premium
Paid
(Received)
Unrealized
Appreciation
(Depreciation)
1-day SOFR, 4.41%
Quarterly
Markit iBoxx USD
Liquid Leveraged
Loan Index
At Termination
Barclays Bank PLC
N/A
06/20/25
USD
1,050
$ (5,412
)
$ (11,697
)
$ 6,285
1-day SOFR, 4.41%
Quarterly
Markit iBoxx USD
Liquid Leveraged
Loan Index
At Termination
Morgan Stanley &
Co. International
PLC
N/A
06/20/25
USD
6,500
149,465
(86,278
)
235,743
1-day SOFR, 4.41%
Quarterly
Markit iBoxx USD
Liquid Leveraged
Loan Index
At Termination
Morgan Stanley &
Co. International
PLC
N/A
09/20/25
USD
4,000
(15,797
)
(44,039
)
28,242
 
 
 
 
 
 
 
$ 128,256
$ (142,014
)
$ 270,270
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 Fund has the ability to access for identical 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 that may not have a secondary market and/or may have 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 Fund’s policy regarding valuation of financial instruments, refer to its most recent financial statements.
Schedule of Investments
38

Schedule of Investments (unaudited)(continued)
March 31, 2025
BlackRock Limited Duration Income Trust (BLW)
Fair Value Hierarchy as of Period End (continued)
The following table summarizes the Fund’s financial instruments categorized in the fair value hierarchy.  The breakdown of the Funds 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
$ 
$ 43,783,067
$ 931,000
$ 44,714,067
Common Stocks
465,038
1,230,929
1,695,967
Corporate Bonds
Advertising Agencies
5,774,913
5,774,913
Aerospace & Defense
13,422,073
13,422,073
Air Freight & Logistics
347,861
347,861
Automobile Components
5,339,713
5,339,713
Automobiles
5,969,478
5,969,478
Banks
9,256,109
9,256,109
Beverages
683,265
683,265
Building Materials
8,618,023
8,618,023
Building Products
2,464,221
2,464,221
Capital Markets
5,390,225
5,390,225
Chemicals
8,746,978
8,746,978
Commercial Services & Supplies
19,355,206
19,355,206
Construction & Engineering
114,186
2,285,297
2,399,483
Consumer Finance
188,517
7,021,644
7,210,161
Consumer Staples Distribution & Retail
370,711
370,711
Containers & Packaging
10,492,223
10,492,223
Diversified REITs
4,589,708
4,589,708
Diversified Telecommunication Services
24,220,219
356,984
24,577,203
Electric Utilities
12,412,923
12,412,923
Electronic Equipment, Instruments & Components
2,335,908
2,335,908
Energy Equipment & Services
2,827,261
2,827,261
Entertainment
9,327,688
9,327,688
Environmental, Maintenance & Security Service
4,578,807
4,578,807
Financial Services
7,435,843
7,435,843
Food Products
9,372,246
9,372,246
Ground Transportation
2,349,713
2,349,713
Health Care Equipment & Supplies
5,537,885
5,537,885
Health Care Providers & Services
14,036,308
14,036,308
Health Care REITs
3,122,838
3,122,838
Hotel & Resort REITs
3,346,490
3,346,490
Hotels, Restaurants & Leisure
14,151,360
14,151,360
Household Durables
3,339,270
3,339,270
Household Products
67,133
67,133
Independent Power and Renewable Electricity Producers
271,747
271,747
Industrial Conglomerates
626,153
626,153
Insurance
23,198,820
23,198,820
Interactive Media & Services
773,661
773,661
Internet Software & Services
2,580,398
2,580,398
IT Services
2,446,899
2,446,899
Machinery
6,290,981
6,290,981
Media
20,824,082
20,824,082
Metals & Mining
11,144,725
11,144,725
Mortgage Real Estate Investment Trusts (REITs)
1,122,852
1,122,852
Oil, Gas & Consumable Fuels
42,408,836
42,408,836
Paper & Forest Products
243,601
243,601
Passenger Airlines
1,555,078
1,555,078
Personal Care Products
216,449
216,449
Pharmaceuticals
10,965,121
10,965,121
Real Estate Management & Development
2,305,267
2,305,267
Retail REITs
254,874
254,874
Semiconductors & Semiconductor Equipment
4,527,417
4,527,417
Software
21,497,405
21,497,405
Specialty Retail
527,126
527,126
Technology Hardware, Storage & Peripherals
1,354,894
1,354,894
Textiles, Apparel & Luxury Goods
161,584
161,584
39

Schedule of Investments (unaudited)(continued)
March 31, 2025
BlackRock Limited Duration Income Trust (BLW)
Fair Value Hierarchy as of Period End (continued)
 
Level 1
Level 2
Level 3
Total
Corporate Bonds (continued)
Trading Companies & Distributors
$ 
$ 728,789
$ 
$ 728,789
Transportation Infrastructure
119,326
42,333
161,659
Water Utilities
872,474
872,474
Wireless Telecommunication Services
2,069,196
2,069,196
Fixed Rate Loan Interests
635,128
1,244,881
1,880,009
Floating Rate Loan Interests
301,544,846
11,980,841
313,525,687
Foreign Agency Obligations
2,270,159
2,270,159
Investment Companies
Equity Funds
49,589
49,589
Fixed Income Funds
1,656,000
1,656,000
Non-Agency Mortgage-Backed Securities
26,518,710
26,518,710
Other Interests
Preferred Securities
Capital Trusts
33,155,386
33,155,386
Preferred Stocks
Capital Markets
1,381,600
1,381,600
Ground Transportation
23,992
23,992
IT Services
88,895
88,895
U.S. Government Sponsored Agency Securities
20,984,405
20,984,405
U.S. Treasury Obligations
28,768,301
28,768,301
Warrants
Short-Term Securities
Money Market Funds
4,236,176
4,236,176
Unfunded Floating Rate Loan Interests(a)
1,678
1,678
Liabilities
Unfunded Floating Rate Loan Interests(a)
(720
)
(720
)
 
$7,576,479
$845,965,769
$15,786,968
$869,329,216
Derivative Financial Instruments(b)
Assets
Credit Contracts
$ 
$ 34,180
$ 
$ 34,180
Foreign Currency Exchange Contracts
101,483
101,483
Interest Rate Contracts
881,773
270,270
1,152,043
Liabilities
Credit Contracts
(145,343
)
(145,343
)
Foreign Currency Exchange Contracts
(18,270
)
(18,270
)
Interest Rate Contracts
(655,520
)
(655,520
)
 
$226,253
$242,320
$
$468,573
(a)
Unfunded floating rate loan interests are valued at the unrealized appreciation (depreciation) on the commitment.
(b)
Derivative financial instruments are swaps, futures contracts and forward foreign currency exchange contracts. Swaps, futures contracts and forward foreign currency exchange
contracts are valued at the unrealized appreciation (depreciation) on the instrument.
The Fund may hold assets and/or liabilities in which the fair value approximates the carrying amount or face value, including accrued interest, for financial reporting purposes. As of period end, reverse repurchase agreements of $333,109,214 are categorized as Level 2 within the fair value hierarchy.
A reconciliation of Level 3 financial instruments is presented when the Fund had a significant amount of Level 3 investments and derivative financial instruments at the beginning and/or end of the period in relation to net assets. The following table is a reconciliation of Level 3 investments for which significant unobservable inputs were used in determining fair value:
 
Asset-Backed
Securities
Common
Stocks
Corporate
Bonds
Fixed
Rate Loan
Interests
Floating
Rate Loan
Interests
Other
Interests
Preferred
Stocks
Total
Assets
Opening balance, as of December 31, 2024
$ 917,574
$ 605,755
$ 1,235,747
$ 1,606,112
$ 13,579,446
$ 
$ 77,041
$ 18,021,675
Transfers into Level 3
3,762,747
3,762,747
Transfers out of Level 3
(213,712
)
(1,084,835
)
(67,300
)
(7,518,116
)
(77,041
)
(8,961,004
)
Accrued discounts/premiums
(2,897
)
810
407
1,375
(305
)
Net realized gain (loss)
75
3,679
(32
)
3,722
Net change in unrealized appreciation (depreciation)(a)
16,323
(300,413
)
8,404
(3,018
)
(124,634
)
(403,338
)
Schedule of Investments
40

Schedule of Investments (unaudited)(continued)
March 31, 2025
BlackRock Limited Duration Income Trust (BLW)
 
Asset-Backed
Securities
Common
Stocks
Corporate
Bonds
Fixed
Rate Loan
Interests
Floating
Rate Loan
Interests
Other
Interests
Preferred
Stocks
Total
Purchases
$ 
$ 1,139,299
$ 406,495
$ 230,001
$ 6,231,708
$ 
$ 
$ 8,007,503
Sales
(167,379
)
(525,000
)
(3,951,653
)
(4,644,032
)
Closing balance, as of March 31, 2025
$ 931,000
$ 1,230,929
$ 399,317
$ 1,244,881
$ 11,980,841
$ 
$ 
$ 15,786,968
Net change in unrealized appreciation (depreciation) on investments still held at
March 31, 2025(a)
$ 16,323
$ (300,413
)
$ (7,498
)
$ (8,119
)
$ (94,081
)
$ 
$ 
$ (393,788
)
(a)
Any difference between net change in unrealized appreciation (depreciation) and net change in unrealized appreciation (depreciation) on investments still held at March 31, 2025 is
generally due to investments no longer held or categorized as Level 3 at period end.
The Fund’s financial instruments that are categorized as Level 3 were valued utilizing third-party pricing information without adjustment. Such valuations are based on unobservable inputs. A significant change in third-party information could result in a significantly lower or higher value of such Level 3 financial instruments.
Currency Abbreviation 
EUR
Euro
GBP
British Pound
USD
United States Dollar
Portfolio Abbreviation 
CLO
Collateralized Loan Obligation
CMT
Constant Maturity Treasury
CR
Custodian Receipt
DAC
Designated Activity Company
ETF
Exchange-Traded Fund
EURIBOR
Euro Interbank Offered Rate
GO
General Obligation Bonds
PIK
Payment-in-Kind
REIT
Real Estate Investment Trust
SOFR
Secured Overnight Financing Rate
41