Edgar Filing: BLACKROCK Ltd DURATION INCOME TRUST

BLACKROCK Ltd DURATION INCOME TRUST

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number: 811-21349

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

Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809

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

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

Date of fiscal year end: 08/31/2017

Date of reporting period: 05/31/2017

Item 1 – Schedule of Investments

Schedule of Investments May 31, 2017 (Unaudited)

BlackRock Limited Duration Income Trust (BLW)

(Percentages shown are based on Net Assets)


Common Stocks		Shares		Value
Chemicals — 0.0%
LyondellBasell Industries NV, Class A			37	$	2,979
Diversified Financial Services — 0.1%
Kcad Holdings I Ltd. (a)(b)			546,753,936		749,053
Health Care Management Services — 0.0%
New Millennium HoldCo, Inc.			8,511		11,754
Household Durables — 0.0%
Berkline Benchcraft Equity LLC (a)(b)(c)			3,155		—
Total Common Stocks - 0.1%					763,786



Asset-Backed Securities		Par (000)
Asset-Backed Securities — 12.3%
AIMCO CLO, Series 2014-AA, Class DR, 4.33%, 7/20/26 (a)(d)(e)	USD		250		250,000
Allegro CLO II Ltd., Series 2014-1A, Class CR, 5.01%, 1/21/27 (a)(d)(e)			1,000		1,000,100
ALM VI Ltd., Series 2012-6A, Class B2R, 3.96%, 7/15/26 (d)(e)			1,000		1,000,714
ALM XIV Ltd., Series 2014-14A, Class C, 4.62%, 7/28/26 (d)(e)			4,141		4,145,043
ALM XVII Ltd., Series 2015-17A, Class D, 7.51%, 1/15/28 (d)(e)			1,000		1,000,243
AmeriCredit Automobile Receivables, Series 2014-3, Class C, 2.58%, 9/08/20			4,850		4,893,396
AMMC CLO Ltd., Series 2014-15A, Class D, 5.31%, 12/09/26 (d)(e)			2,000		2,013,320
Anchorage Capital CLO 3 Ltd., Series 2014-3A, Class D, 5.92%, 4/28/26 (d)(e)			1,000		971,985
Anchorage Capital CLO 5 Ltd., Series 2014-5A, Class E, 6.16%, 10/15/26 (d)(e)			1,000		975,194
Anchorage Capital CLO Ltd. (a)(d)(e):
Series 2014-4A, Class CR, 4.57%, 7/28/26			275		275,000
Series 2016-9A, Class D, 4.95%, 1/15/29			350		352,275
Ares XXVII CLO Ltd., Series 2013-2A, Class E, 6.02%, 7/28/25 (d)(e)			1,000		983,443
Ares XXXII CLO Ltd., Series 2014-32A, Class BR, 3.43%, 11/15/25 (a)(d)(e)			1,250		1,250,000


Asset-Backed Securities		Par (000)		Value
Asset-Backed Securities (continued)
Ballyrock CLO LLC, Series 2014-1A, Class CR, 4.81%, 10/20/26 (a)(d)(e)	USD		280	$	279,994
BlueMountain CLO Ltd., Series 2012-2A, Class DR, 5.32%, 11/20/28 (d)(e)			1,000		1,006,424
Carlyle Global Market Strategies CLO Ltd. (d)(e):
Series 2013-1A, Class C, 5.18%, 2/14/25			250		251,216
Series 2014-3A, Class D1, 6.27%, 7/27/26			1,000		993,568
Series 2014-4A, Class E, 6.36%, 10/15/26			500		494,090
Series 2015-1A, Class C, 4.31%, 4/20/27			500		500,061
CIFC Funding Ltd., Class D (d)(e):
Series 2014-3A, 4.55%, 7/22/26			420		422,172
Series 2015-1A, 5.15%, 1/22/27			600		604,186
Credit Suisse ABS Repackaging Trust, Series 2013-A, Class B, 2.50%, 1/25/30 (e)			1,027		961,377
DCP Rights LLC, Series 2014-1A, Class A, 5.46%, 10/25/44 (e)			3,109		3,142,878
Dryden Senior Loan Fund, Series 2014-31A, Class DR, 4.51%, 4/18/26 (d)(e)			250		251,383
Litigation Fee Residual Funding, 4.00%, 10/30/27 (a)			1,649		1,670,279
Madison Park Funding XIII Ltd., Series 2014-13A, Class E, 6.02%, 1/19/25 (d)(e)			1,250		1,230,522
Madison Park Funding XIV Ltd., Series 2014-14A, Class E, 5.91%, 7/20/26 (d)(e)			1,000		978,840
Madison Park Funding XV Ltd., Series 2014-15A, Class B1R, 3.37%, 1/27/26 (d)(e)			1,500		1,502,504
Octagon Investment Partners XVIII Ltd., Series 2013-1A, Class CR, 4.44%, 12/16/24 (d)(e)			1,000		1,002,381
OHA Loan Funding LLC, Series 2014-1A, Class E, 7.75%, 10/20/26 (e)			2,000		2,007,777
OneMain Financial Issuance Trust, Series 2015-2A, Class C, 4.32%, 7/18/25 (e)			4,000		4,005,379
OZLM IX Ltd., Series 2014-9A Class CR, 4.71%, 1/20/27 (d)(e)			1,000		1,001,208
OZLM VII Ltd., Series 2014-7A, Class CR, 4.66%, 7/17/26 (d)(e)			250		251,258



BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2017	1


Schedule of Investments (continued)		BlackRock Limited Duration Income Trust (BLW)


Asset-Backed Securities		Par (000)		Value
Asset-Backed Securities (continued)
OZLM VIII Ltd., Series 2014-8A (a)(d)(e):
Class BR, 4.16%, 10/17/26	USD		2,500	$	2,500,000
Class CR, 4.66%, 10/17/26			500		500,000
OZLM XII Ltd., Series 2015-12A, Class C, 4.87%, 4/30/27 (d)(e)			1,000		1,005,884
OZLM XV Ltd., Series 2016-15A, Class C, 4.92%, 1/20/29 (d)(e)			1,000		1,009,887
Regatta V Funding Ltd., Series 2014-1A, Class BR, 3.46%, 10/25/26 (d)(e)			2,000		2,004,172
Rockford Tower CLO Ltd., Series 2017-1A, Class D, 4.62%, 4/15/29 (a)(d)(e)			250		241,925
Santander Drive Auto Receivables Trust:
Series 2014-3, Class D, 2.65%, 8/17/20			4,015		4,053,302
Series 2014-4, Class C, 2.60%, 11/16/20			4,500		4,522,988
Series 2014-4, Class D, 3.10%, 11/16/20			4,500		4,575,889
Sound Point CLO IV Ltd., Series 2013-3A, Class DR, 4.56%, 1/21/26 (a)(d)(e)			800		800,000
Sound Point CLO VII Ltd., Series 2014-3A, Class D, 4.75%, 1/23/27 (d)(e)			2,000		2,002,352
Symphony CLO XV Ltd., Series 2014-15A, Class CR, 3.36%, 10/17/26 (a)(d)(e)			1,250		1,250,000
Symphony CLO XVIII Ltd., Series 2016-18A, Class D, 4.95%, 1/23/28 (d)(e)			1,000		1,011,500
THL Credit Wind River CLO Ltd., Series 2014-3A, Class E, 6.75%, 1/22/27 (d)(e)			1,000		983,848
Venture XXI CLO Ltd., Series 2015-21A, Class D, 4.76%, 7/15/27 (d)(e)			400		400,710
Venture XXVI CLO Ltd., Series 2017-26A, Class D, 5.29%, 1/20/29 (a)(d)(e)			1,000		1,007,500
Vibrant CLO IV Ltd., Series 2016-4A, Class D, 5.66%, 7/20/28 (d)(e)			1,000		1,009,648
Voya CLO Ltd., Series 2014-4A, Class C, 5.16%, 10/14/26 (d)(e)			2,500		2,508,945
World Financial Network Credit Card Master Trust, Series 2012-C, Class B, 3.57%, 8/15/22			3,000		3,055,118


Asset-Backed Securities		Par (000)		Value
Asset-Backed Securities (continued)
York CLO Ltd., Series 2016-2A, Class E, 8.10%, 1/20/30 (d)(e)	USD		1,000	$	1,014,974

					77,126,852
Interest Only Asset-Backed Securities — 0.1%
Sterling Bank Trust, Series 2004-2, Class Note, 2.08%, 3/30/30 (a)(e)			4,094		278,916
Sterling Coofs Trust, Series 2004-1, Class A, 2.36%, 4/15/29 (a)(e)			6,295		432,128

					711,044
Total Asset-Backed Securities - 12.4%					77,837,896



Corporate Bonds
Aerospace & Defense — 1.0%
Accudyne Industries Borrower/Accudyne Industries LLC, 7.75%, 12/15/20 (e)(f)			860		870,750
Bombardier, Inc. (e):
8.75%, 12/01/21 (f)			658		732,025
6.00%, 10/15/22 (f)			384		384,242
6.13%, 1/15/23			152		152,475
7.50%, 3/15/25 (f)			565		584,481
KLX, Inc., 5.88%, 12/01/22 (e)			733		773,374
Koppers, Inc., 6.00%, 2/15/25 (e)			225		236,250
Kratos Defense & Security Solutions, Inc., 7.00%, 5/15/19			89		91,002
Moog, Inc., 5.25%, 12/01/22 (e)			270		281,475
TransDigm, Inc.:
6.00%, 7/15/22 (f)			1,256		1,301,373
6.50%, 7/15/24 (f)			490		509,600
6.38%, 6/15/26			59		60,475

					5,977,522
Air Freight & Logistics — 0.2%
XPO Logistics, Inc.:
5.75%, 6/15/21	EUR		100		118,386
6.50%, 6/15/22 (e)(f)	USD		1,100		1,167,870

					1,286,256
Airlines — 2.2%
Air Canada Pass-Through Trust (e):
Series 2013-1, Class C, 6.63%, 5/15/18			651		672,971
Series 2015-1, Class B, 3.88%, 9/15/24 (f)			1,340		1,332,250
American Airlines Group, Inc., 4.63%, 3/01/20 (e)			315		324,056



2	BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2017


Schedule of Investments (continued)		BlackRock Limited Duration Income Trust (BLW)


Corporate Bonds		Par (000)		Value
Airlines (continued)
American Airlines Pass-Through Trust:
Series 2013-2, Class A, 4.95%, 7/15/24 (f)	USD		2,940	$	3,142,579
Series 2013-2, Class B, 5.60%, 1/15/22 (e)(f)			562		583,537
Series 2017-1, Class B, 4.95%, 8/15/26			1,540		1,580,348
Avianca Holdings SA/Avianca Leasing LLC/Grupo Taca Holdings Ltd., 8.38%, 5/10/20			221		220,448
Continental Airlines Pass-Through Trust, Series 2012-3, Class C, 6.13%, 4/29/18 (f)			230		236,900
United Airlines Pass-Through Trust:
Series 2014-2, Class B, 4.63%, 3/03/24 (f)			1,973		2,021,855
Series 2015-1, Class A, 3.70%, 6/01/24			2,430		2,490,750
US Airways Pass-Through Trust, Series 2011-1, Class B, 9.75%, 4/22/20			327		361,087
Virgin Australia Trust, Series 2013-1 (e)(f):
Class A, 5.00%, 4/23/25			429		444,565
Class C, 7.13%, 10/23/18			427		435,822

					13,847,168
Auto Components — 0.5%
Allison Transmission, Inc., 5.00%, 10/01/24 (e)			28		28,560
Aston Martin Capital Holdings Ltd., 5.75%, 4/15/22	GBP		100		136,737
Delphi Automotive PLC, 4.40%, 10/01/46	USD		240		235,720
Federal-Mogul Holdings LLC, 4.88%, 4/15/24 (d)	EUR		100		112,683
Goodyear Tire & Rubber Co., 5.00%, 5/31/26	USD		67		69,051
Icahn Enterprises LP/Icahn Enterprises Finance Corp.:
4.88%, 3/15/19 (f)			1,314		1,329,768
6.25%, 2/01/22			119		123,909
6.75%, 2/01/24			230		240,350
IHO Verwaltungs GmbH (g):
(2.75% Cash or 3.50% PIK), 2.75%, 9/15/21	EUR		100		116,267
(3.25% Cash or 4.00% PIK), 3.25%, 9/15/23			100		118,103
(3.75% Cash or 4.50% PIK), 3.75%, 9/15/26			100		119,383
(4.13% Cash or 4.88% PIK), 4.13%, 9/15/21 (e)	USD		200		204,250


Corporate Bonds		Par (000)		Value
Auto Components (continued)
IHO Verwaltungs GmbH (g) (continued):
(4.50% Cash or 5.25% PIK), 4.50%, 9/15/23 (e)	USD		200	$	204,250
ZF North America Capital, Inc., 4.75%, 4/29/25 (e)			150		157,875

					3,196,906
Automobiles — 0.4%
General Motors Co., 3.50%, 10/02/18 (f)			2,478		2,525,533
Banks — 1.7%
Allied Irish Banks PLC, 4.13%, 11/26/25 (d)	EUR		100		120,063
Banco Espirito Santo SA (b)(c):
4.75%, 1/15/18			100		31,454
4.00%, 1/21/19			100		31,454
Banco Inbursa SA Institucion de Banca Multiple, 4.38%, 4/11/27 (e)	USD		666		658,508
Banco Popolare, 2.75%, 7/27/20	EUR		100		116,149
Bank of Ireland, 4.25%, 6/11/24 (d)			100		118,684
Bankia SA (d):
4.00%, 5/22/24			200		233,657
3.38%, 3/15/27			100		115,318
Barclays PLC, 3.65%, 3/16/25 (f)	USD		3,600		3,591,266
BPE Financiaciones SA, 2.00%, 2/03/20	EUR		100		105,485
BPER Banca, 5.13%, 5/31/27 (d)			100		113,601
CaixaBank SA, 3.50%, 2/15/27 (d)			100		117,647
CIT Group, Inc.:
5.50%, 2/15/19 (e)(f)	USD		400		422,000
5.00%, 8/01/23			610		658,038
HSBC Holdings PLC, 4.38%, 11/23/26 (f)			395		411,193
Nordea Bank AB, 4.50%, 3/26/20	EUR		1,020		1,286,756
Santander Holdings USA, Inc., 4.50%, 7/17/25 (f)	USD		1,750		1,807,466
Santander UK Group Holdings PLC, 2.88%, 8/05/21 (f)			950		953,274

					10,892,013
Beverages — 0.6%
Anheuser-Busch InBev Finance, Inc., 3.30%, 2/01/23 (f)			3,000		3,091,806
Central American Bottling Corp., 5.75%, 1/31/27 (e)			517		548,020
Horizon Holdings I SASU, 7.25%, 8/01/23	EUR		100		121,286



BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2017	3


Schedule of Investments (continued)		BlackRock Limited Duration Income Trust (BLW)


Corporate Bonds		Par (000)		Value
Beverages (continued)
Silgan Holdings, Inc., 3.25%, 3/15/25	EUR		100	$	114,997

					3,876,109
Biotechnology — 0.0%
Senvion Holding GmbH, 3.88%, 10/25/22			100		113,796
Building Materials — 0.1%
Tecnoglass, Inc., 8.20%, 1/31/22 (e)	USD		659		689,310
Titan Global Finance PLC, 3.50%, 6/17/21	EUR		100		118,464

					807,774
Building Products — 0.4%
American Builders & Contractors Supply Co., Inc. (e):
5.63%, 4/15/21	USD		76		78,185
5.75%, 12/15/23			210		222,600
Building Materials Corp. of America (e):
5.38%, 11/15/24			45		47,306
6.00%, 10/15/25 (f)			260		280,800
CPG Merger Sub LLC, 8.00%, 10/01/21 (e)(f)			525		548,625
Masonite International Corp., 5.63%, 3/15/23 (e)(f)			404		424,200
Ply Gem Industries, Inc., 6.50%, 2/01/22			219		228,855
Standard Industries, Inc. (e)(f):
5.13%, 2/15/21			40		41,700
5.50%, 2/15/23			147		154,901
USG Corp. (e):
5.50%, 3/01/25			15		15,900
4.88%, 6/01/27			194		195,940

					2,239,012
Capital Markets — 0.5%
Blackstone CQP Holdco LP, 6.50%, 3/20/21 (e)			2,050		2,068,698
LPL Holdings, Inc., 5.75%, 9/15/25 (e)			62		64,015
Morgan Stanley, 4.00%, 7/23/25 (f)			965		1,009,536

					3,142,249
Chemicals — 1.5%
Alpha 3 BV/Alpha US Bidco, Inc., 6.25%, 2/01/25 (e)(f)			800		816,000
Axalta Coating Systems Dutch Holding B BV, 3.75%, 1/15/25	EUR		100		118,462
Axalta Coating Systems LLC, 4.88%, 8/15/24 (e)	USD		239		244,676


Corporate Bonds		Par (000)		Value
Chemicals (continued)
Blue Cube Spinco, Inc.:
9.75%, 10/15/23	USD		194	$	236,680
10.00%, 10/15/25			140		173,600
CF Industries, Inc.:
7.13%, 5/01/20			130		143,650
5.15%, 3/15/34			90		83,250
4.95%, 6/01/43			120		105,900
Chemours Co.:
6.63%, 5/15/23			248		264,713
7.00%, 5/15/25			112		124,040
The Chemours Co., 5.38%, 5/15/27			156		162,240
Hexion, Inc., 10.38%, 2/01/22 (e)			184		186,300
Huntsman International LLC:
4.88%, 11/15/20			339		359,340
5.13%, 4/15/21	EUR		100		127,243
Ineos Finance PLC, 4.00%, 5/01/23			100		116,688
INEOS Group Holdings SA, 5.38%, 8/01/24			100		120,199
Inovyn Finance PLC, 6.25%, 5/15/21			80		117,952
Momentive Performance Materials, Inc., 3.88%, 10/24/21 (f)	USD		1,578		1,597,725
NOVA Chemicals Corp. (e)(h):
4.88%, 6/01/24			267		267,667
5.25%, 6/01/27			683		683,854
Platform Specialty Products Corp. (e):
10.38%, 5/01/21			53		58,764
6.50%, 2/01/22 (f)			1,783		1,836,490
PQ Corp., 6.75%, 11/15/22 (e)(f)			399		433,912
PSPC Escrow Corp., 6.00%, 2/01/23	EUR		100		117,985
The Sherwin-Williams Co., 2.75%, 6/01/22	USD		180		181,199
Tronox Finance LLC:
6.38%, 8/15/20			208		210,080
7.50%, 3/15/22 (e)			62		64,402
Versum Materials, Inc., 5.50%, 9/30/24 (e)			116		121,800
WR Grace & Co-Conn (e):
5.13%, 10/01/21			176		187,440
5.63%, 10/01/24			200		215,750

					9,478,001
Commercial Services & Supplies — 1.3%
ADT Corp.:
3.50%, 7/15/22 (f)			286		279,565
4.13%, 6/15/23			248		246,140
4.88%, 7/15/32 (e)			390		339,300
Advanced Disposal Services, Inc., 5.63%, 11/15/24 (e)			225		230,906



4	BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2017


Schedule of Investments (continued)		BlackRock Limited Duration Income Trust (BLW)


Corporate Bonds		Par (000)		Value
Commercial Services & Supplies (continued)
Aviation Capital Group Corp., 4.63%, 1/31/18 (e)(f)	USD		1,000	$	1,016,496
Booz Allen Hamilton, Inc., 5.13%, 5/01/25 (e)	USD		419		428,428
Brand Energy & Infrastructure Services, Inc., 8.50%, 12/01/21 (e)(f)			824		878,590
Covanta Holding Corp., 5.88%, 7/01/25			213		207,675
Harland Clarke Holdings Corp., 8.38%, 8/15/22 (e)			280		295,400
KAR Auction Services, Inc., 5.13%, 6/01/25 (e)			401		409,020
La Financiere Atalian SAS, 4.00%, 5/15/24	EUR		100		116,563
Mobile Mini, Inc., 5.88%, 7/01/24 (f)			447		464,880
Paprec Holding SA, 5.25%, 4/01/22	EUR		100		118,792
Park Aerospace Holdings Ltd., 5.25%, 8/15/22 (e)	USD		239		250,801
Pitney Bowes, Inc., 3.38%, 10/01/21 (f)			1,500		1,491,504
Ritchie Bros Auctioneers, Inc., 5.38%, 1/15/25 (e)			188		194,580
S&P Global, Inc., 2.50%, 8/15/18 (f)			445		448,796
United Rentals North America, Inc.:
7.63%, 4/15/22			20		20,875
5.75%, 11/15/24 (f)			579		612,298
Verisure Holding AB, 6.00%, 11/01/22	EUR		113		136,939

					8,187,548
Communications Equipment — 0.7%
Avaya, Inc., 7.00%, 4/01/19 (b)(c)(e)	USD		183		149,603
CommScope Technologies Finance LLC, 6.00%, 6/15/25 (e)			3		3,188
CommScope Technologies LLC, 5.00%, 3/15/27 (e)			239		239,000
CommScope, Inc., 5.00%, 6/15/21 (e)			465		476,913
Motorola Solutions, Inc., 3.75%, 5/15/22 (f)			1,500		1,531,194
Nokia OYJ, 6.63%, 5/15/39			200		225,876
Zayo Group LLC/Zayo Capital, Inc.:
6.00%, 4/01/23 (f)			649		686,317
6.38%, 5/15/25 (f)			522		561,150


Corporate Bonds		Par (000)		Value
Communications Equipment (continued)
Zayo Group LLC/Zayo Capital, Inc. (continued):
5.75%, 1/15/27 (e)	USD		400	$	421,956

					4,295,197
Construction & Engineering — 0.6%
Aeropuerto Internacional de Tocumen SA, 5.63%, 5/18/36 (e)(f)			994		1,036,245
Aeropuertos Argentina 2000 SA, 6.88%, 2/01/27 (e)			335		348,400
Aeropuertos Dominicanos Siglo XXI SA, 6.75%, 3/30/29 (e)			335		356,403
BlueLine Rental Finance Corp., 9.25%, 3/15/24 (e)			1,042		1,088,890
Engility Corp., 8.88%, 9/01/24			216		232,200
SPIE SA, 3.13%, 3/22/24	EUR		100		116,828
Tutor Perini Corp., 6.88%, 5/01/25 (e)	USD		139		145,429
Weekley Homes LLC/Weekley Finance Corp., 6.00%, 2/01/23			320		310,400

					3,634,795
Construction Materials — 0.5%
American Tire Distributors, Inc., 10.25%, 3/01/22 (e)			204		213,180
Beacon Roofing Supply, Inc., 6.38%, 10/01/23			137		147,960
HD Supply, Inc. (e)(f):
5.25%, 12/15/21			1,663		1,751,971
5.75%, 4/15/24			624		665,340
LKQ Italia Bondco SpA, 3.88%, 4/01/24	EUR		100		121,041
New Enterprise Stone & Lime Co., Inc., 10.13%, 4/01/22 (e)	USD		160		169,600
PulteGroup, Inc., 5.50%, 3/01/26			190		200,806
Rexel SA, 3.50%, 6/15/23	EUR		116		137,423

					3,407,321
Consumer Discretionary — 0.1%
Nielsen Co. Luxembourg SARL, 5.00%, 2/01/25 (e)	USD		490		499,800
Consumer Finance — 1.2%
Alliance Data Systems Corp. (e):
5.25%, 12/01/17			28		28,280
5.88%, 11/01/21 (f)			696		720,360
Ally Financial, Inc. (f):
4.63%, 3/30/25			846		848,284
8.00%, 11/01/31			1,011		1,220,782
Cardtronics, Inc./Cardtronics USA, Inc., 5.50%, 5/01/25 (e)			82		84,050
CDK Global, Inc., 4.88%, 6/01/27 (e)			278		280,955



BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2017	5


Schedule of Investments (continued)		BlackRock Limited Duration Income Trust (BLW)


Corporate Bonds		Par (000)		Value
Consumer Finance (continued)
General Motors Financial Co., Inc., 2.63%, 7/10/17 (f)	USD		2,760	$	2,763,180
Navient Corp.:
5.00%, 10/26/20 (f)			310		316,975
6.63%, 7/26/21			190		201,932
6.50%, 6/15/22			20		20,813
5.50%, 1/25/23			134		132,283
7.25%, 9/25/23 (f)			257		270,107
6.13%, 3/25/24			115		114,747
5.88%, 10/25/24			125		121,563
6.75%, 6/25/25			109		109,496
5.63%, 8/01/33			95		77,663
OneMain Financial Holdings LLC (e):
6.75%, 12/15/19			147		153,982
7.25%, 12/15/21			150		157,965
Springleaf Finance Corp., 6.13%, 5/15/22			70		72,303

					7,695,720
Containers & Packaging — 1.7%
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc.:
4.43%, 5/15/21 (d)(e)			200		204,000
4.25%, 1/15/22	EUR		71		81,794
4.25%, 9/15/22 (e)	USD		679		691,731
4.63%, 5/15/23 (e)			206		210,635
2.75%, 3/15/24	EUR		125		142,825
6.75%, 5/15/24			100		125,113
7.25%, 5/15/24 (e)(f)	USD		1,868		2,038,455
6.00%, 2/15/25 (e)			799		832,958
Bahia Sul Holdings GmbH, 5.75%, 7/14/26 (e)			600		620,700
Ball Corp., 5.00%, 3/15/22 (f)			303		323,831
BWAY Holding Co., Inc., 5.50%, 4/15/24 (e)			373		381,393
Crown European Holdings SA, 4.00%, 7/15/22	EUR		149		187,841
Flex Acquisition Co., Inc., 6.88%, 1/15/25 (e)	USD		33		34,568
JH-Holding Finance SA, (8.25% PIK), 8.25%, 12/01/22 (g)	EUR		200		244,890
Reynolds Group Issuer, Inc./Reynolds Group Issuer LLC/Reynolds Group Issuer Lu:
5.75%, 10/15/20 (f)	USD		1,062		1,090,408
6.88%, 2/15/21			136		139,511
4.66%, 7/15/21 (d)(e)			1,060		1,081,200
5.13%, 7/15/23 (e)			175		182,000
7.00%, 7/15/24 (e)(f)			534		574,715
Sealed Air Corp.:
4.88%, 12/01/22 (e)			80		83,500
4.50%, 9/15/23	EUR		100		126,359
6.88%, 7/15/33 (e)	USD		44		48,400


Corporate Bonds		Par (000)		Value
Containers & Packaging (continued)
Signode Industrial Group Lux SA/Signode Industrial Group US, Inc., 6.38%, 5/01/22 (e)(f)	USD		502	$	523,335
Suzano Trading Ltd., 5.88%, 1/23/21 (e)			500		533,750
Verallia Packaging SASU, 5.13%, 8/01/22	EUR		100		119,637

					10,623,549
Diversified Consumer Services — 0.5%
APX Group, Inc.:
6.38%, 12/01/19	USD		47		48,488
8.75%, 12/01/20 (f)			312		323,310
7.88%, 12/01/22 (f)			325		355,027
GW Honos Security Corp., 8.75%, 5/15/25 (e)			87		89,610
Laureate Education, Inc., 8.25%, 5/01/25 (e)			114		119,985
Prime Security Services Borrower LLC/Prime Finance, Inc., 9.25%, 5/15/23 (e)(f)			1,870		2,044,546
Sotheby’s, 5.25%, 10/01/22 (e)			91		92,820
Tereos Finance Groupe I SA, 4.13%, 6/16/23	EUR		100		113,739

					3,187,525
Diversified Financial Services — 0.6%
Aircastle Ltd.:
6.25%, 12/01/19 (f)	USD		367		398,195
5.13%, 3/15/21			16		17,140
5.50%, 2/15/22			219		237,615
Arrow Global Finance PLC, 2.88%, 4/01/25 (d)	EUR		100		112,391
ASP AMC Merger Sub, Inc., 8.00%, 5/15/25 (e)	USD		97		95,060
FBM Finance, Inc., 8.25%, 8/15/21 (e)			130		139,750
Garfunkelux Holdco 3 SA, 8.50%, 11/01/22	GBP		100		139,153
General Motors Financial Co., Inc., 4.38%, 9/25/21 (f)	USD		530		558,931
Jefferies Finance LLC/JFIN Co-Issuer Corp. (e)(f):
7.38%, 4/01/20			290		299,787
6.88%, 4/15/22			480		482,400
Mercury Bondco PLC (g):
(7.13% Cash or 7.88% PIK), 7.13%, 5/30/21	EUR		100		117,109
(8.25% Cash or 9.00% PIK), 8.25%, 5/30/21			200		236,353
Remote Escrow Finance Vehicle LLC, 10.50%, 6/01/22 (e)	USD		164		170,560



6	BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2017


Schedule of Investments (continued)		BlackRock Limited Duration Income Trust (BLW)


Corporate Bonds		Par (000)		Value
Diversified Financial Services (continued)
Tempo Acquisition LLC/Tempo Acquisition Finance Corp., 6.75%, 6/01/25 (e)	USD		189	$	193,253
UniCredit SpA:
6.95%, 10/31/22	EUR		100		135,116
5.75%, 10/28/25 (d)			100		123,541
4.38%, 1/03/27 (d)			100		118,810
WMG Acquisition Corp., 4.13%, 11/01/24			100		119,356

					3,694,520
Diversified Telecommunication Services — 2.1%
CenturyLink, Inc.:
Series S, 6.45%, 6/15/21	USD		648		700,650
Series T, 5.80%, 3/15/22			255		266,794
Series U, 7.65%, 3/15/42			147		138,731
Series W, 6.75%, 12/01/23			275		293,906
Series Y, 7.50%, 4/01/24			188		205,860
Cincinnati Bell, Inc., 7.00%, 7/15/24 (e)			555		582,750
Consolidated Communications, Inc., 6.50%, 10/01/22			100		99,375
Frontier Communications Corp.:
8.13%, 10/01/18			264		279,180
7.13%, 3/15/19			190		200,925
8.50%, 4/15/20			425		450,500
8.88%, 9/15/20			91		96,801
6.25%, 9/15/21			35		32,813
7.13%, 1/15/23 (f)			170		147,262
7.63%, 4/15/24 (f)			326		273,840
6.88%, 1/15/25 (f)			1,168		939,516
Impera Holdings SA, (5.38% PIK), 5.38%, 9/15/22 (g)	EUR		117		136,308
Level 3 Financing, Inc.:
4.94%, 1/15/18 (d)	USD		411		412,027
5.38%, 8/15/22 (f)			240		247,200
5.13%, 5/01/23 (f)			295		306,986
5.38%, 1/15/24			392		410,867
5.38%, 5/01/25 (f)			346		363,622
5.25%, 3/15/26			461		479,297
OTE PLC, 3.50%, 7/09/20	EUR		100		115,143
SBA Communications Corp., 4.88%, 9/01/24 (e)	USD		263		266,813
SoftBank Group Corp., 4.75%, 7/30/25	EUR		122		155,572
Telecom Italia Capital SA:
6.38%, 11/15/33	USD		130		139,627
6.00%, 9/30/34			745		787,599
7.20%, 7/18/36			202		232,300
7.72%, 6/04/38			21		25,200
Telecom Italia Finance SA, 7.75%, 1/24/33	EUR		37		56,519
Telecom Italia SpA, 5.88%, 5/19/23	GBP		100		148,891


Corporate Bonds		Par (000)		Value
Diversified Telecommunication Services (continued)
Verizon Communications, Inc. (f):
3.65%, 9/14/18	USD		3,855	$	3,949,621
4.50%, 9/15/20			145		155,431
Windstream Corp., 7.75%, 10/01/21			26		25,155

					13,123,081
Electric Utilities — 1.0%
AES Corp., 4.88%, 5/15/23 (f)			270		274,387
Black Hills Corp., 3.15%, 1/15/27 (f)			305		297,293
Celeo Redes Operacion Chile SA, 5.20%, 6/22/47 (e)(f)			1,006		1,012,287
Enel Finance International NV, 3.63%, 5/25/27 (e)			900		890,327
Energuate Trust, 5.88%, 5/03/27 (e)			449		456,453
Exelon Corp., 3.40%, 4/15/26 (f)			140		140,582
Mirant Mid Atlantic Pass-Through Trust, Series B, 9.13%, 6/30/17 (f)			197		182,971
Orazul Energy Egenor S en C por A, 5.63%, 4/28/27 (e)			668		654,640
Pampa Energia SA, 7.50%, 1/24/27 (e)			663		699,465
Southern Co., 2.95%, 7/01/23 (f)			1,920		1,913,259
Talen Energy Supply LLC, 6.50%, 6/01/25			85		63,538
Texas Competitive Electric Holdings Co. LLC/TCEH Finance, Inc. (a):
10.25%, 11/01/15			47		212
10.50%, 11/01/17			31		140
11.50%, 10/01/20 (b)(c)(e)			300		—

					6,585,554
Electrical Equipment — 0.0%
Areva SA, 4.88%, 9/23/24	EUR		100		120,850
Belden, Inc., 5.50%, 4/15/23			149		177,422

					298,272
Electronic Equipment, Instruments & Components — 0.1%
CDW LLC/CDW Finance Corp.:
5.00%, 9/01/23	USD		72		74,340
5.50%, 12/01/24 (f)			408		440,640
5.00%, 9/01/25			107		110,210

					625,190
Energy Equipment & Services — 1.1%
Ensco PLC:
4.50%, 10/01/24 (f)			149		122,553
5.20%, 3/15/25			40		33,888



BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2017	7


Schedule of Investments (continued)		BlackRock Limited Duration Income Trust (BLW)


Corporate Bonds		Par (000)		Value
Energy Equipment & Services (continued)
Gates Global LLC/Gates Global Co.:
5.75%, 7/15/22	EUR		100	$	115,098
6.00%, 7/15/22 (e)(f)	USD		759		773,269
Genesis Energy LP/Genesis Energy Finance Corp.:
5.75%, 2/15/21			30		30,450
6.75%, 8/01/22			195		201,094
Halliburton Co., 3.80%, 11/15/25 (f)			100		103,303
Noble Holding International Ltd., 4.63%, 3/01/21			12		10,800
Pattern Energy Group, Inc., 5.88%, 2/01/24 (e)			138		144,210
Pioneer Energy Services Corp., 6.13%, 3/15/22			275		239,250
Precision Drilling Corp.:
6.50%, 12/15/21			100		101,250
5.25%, 11/15/24			134		123,950
Transocean, Inc.:
4.50%, 10/15/17 (f)			414		418,916
6.00%, 3/15/18 (f)			850		871,250
7.38%, 4/15/18			30		31,050
5.80%, 10/15/22			370		345,950
9.00%, 7/15/23 (e)			1,269		1,326,105
6.80%, 3/15/38			176		136,840
Trinidad Drilling Ltd., 6.63%, 2/15/25 (e)			365		363,175
Weatherford International Ltd.:
7.75%, 6/15/21			465		490,752
8.25%, 6/15/23			290		307,400
9.88%, 2/15/24 (e)			326		366,750

					6,657,303
Environmental, Maintenance, & Security Service — 0.1%
Befesa Zinc SAU Via Zinc Capital SA, 8.88%, 5/15/18	EUR		100		112,948
Tervita Escrow Corp., 7.63%, 12/01/21 (e)(f)	USD		642		654,038

					766,986
Food & Staples Retailing — 0.4%
Albertsons Cos. LLC/Safeway, Inc./New Albertson’s, Inc./Albertson’s LLC (e):
6.63%, 6/15/24			226		233,910
5.75%, 3/15/25			224		222,880
B&M European Value Retail SA, 4.13%, 2/01/22	GBP		100		135,288
Casino Guichard Perrachon SA:
4.56%, 1/25/23	EUR		100		125,875
4.50%, 3/07/24			200		248,057
CVS Health Corp., 4.75%, 12/01/22 (f)	USD		165		181,684


Corporate Bonds		Par (000)		Value
Food & Staples Retailing (continued)
Dollar Tree, Inc.:
5.25%, 3/01/20	USD		58	$	59,740
5.75%, 3/01/23 (f)			1,321		1,398,939
Rite Aid Corp., 7.70%, 2/15/27			45		47,700

					2,654,073
Food Products — 0.6%
Acosta, Inc., 7.75%, 10/01/22 (e)			357		301,665
Aramark Services, Inc., 5.13%, 1/15/24 (f)			478		504,290
Arcor SAIC, 6.00%, 7/06/23 (e)			403		433,225
B&G Foods, Inc., 5.25%, 4/01/25			143		148,005
Chobani LLC/Chobani Finance Corp., Inc., 7.50%, 4/15/25 (e)			316		332,337
Clearwater Seafoods, Inc., 6.88%, 5/01/25 (e)			75		78,375
JBS USA LLC/JBS USA Finance, Inc. (e):
7.25%, 6/01/21			40		39,900
5.88%, 7/15/24			140		136,500
5.75%, 6/15/25			487		472,694
Marfrig Holdings Europe BV, 8.00%, 6/08/23 (e)(f)			205		212,585
Minerva Luxembourg SA, 6.50%, 9/20/26 (e)			244		241,865
Post Holdings, Inc. (e):
5.50%, 3/01/25			104		108,940
5.00%, 8/15/26			235		236,469
TreeHouse Foods, Inc., 6.00%, 2/15/24 (e)(f)			383		408,853
WhiteWave Foods Co., 5.38%, 10/01/22			168		189,289

					3,844,992
Health Care Equipment & Supplies — 0.6%
Crimson Merger Sub, Inc., 6.63%, 5/15/22 (e)(f)			877		835,342
DJO Finco, Inc./DJO Finance LLC/DJO Finance Corp., 8.13%, 6/15/21 (e)(f)			1,116		1,037,880
Fresenius Medical Care US Finance II, Inc., 4.75%, 10/15/24 (e)			115		121,326
IASIS Healthcare LLC/IASIS Capital Corp., 8.38%, 5/15/19			235		237,938
Mallinckrodt International Finance SA/Mallinckrodt CB LLC (e):
4.88%, 4/15/20 (f)			284		284,000
5.75%, 8/01/22			330		326,081
5.63%, 10/15/23			90		86,400
5.50%, 4/15/25			57		52,298
Teleflex, Inc.:
3.88%, 8/01/17 (i)			75		244,641
5.25%, 6/15/24			250		258,750



8	BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2017


Schedule of Investments (continued)		BlackRock Limited Duration Income Trust (BLW)


Corporate Bonds		Par (000)		Value
Health Care Equipment & Supplies (continued)
Teleflex, Inc. (continued):
4.88%, 6/01/26	USD		56	$	57,400
Thermo Fisher Scientific, Inc., 3.00%, 4/15/23 (f)			305		309,926

					3,851,982
Health Care Providers & Services — 3.2%
Acadia Healthcare Co., Inc.:
5.13%, 7/01/22			105		107,100
5.63%, 2/15/23			262		272,153
6.50%, 3/01/24			61		65,118
Aetna, Inc., 2.80%, 6/15/23 (f)			340		340,608
Alere, Inc., 6.38%, 7/01/23 (e)(f)			328		354,650
Amsurg Corp., 5.63%, 7/15/22 (f)			618		644,960
Centene Corp.:
5.63%, 2/15/21			359		374,932
4.75%, 5/15/22 (f)			314		327,502
6.13%, 2/15/24			37		40,203
4.75%, 1/15/25			430		443,975
CHS/Community Health Systems, Inc.:
8.00%, 11/15/19			154		154,770
7.13%, 7/15/20			343		337,855
5.13%, 8/01/21			1,035		1,047,937
6.88%, 2/01/22 (f)			380		337,725
6.25%, 3/31/23			588		609,609
DaVita, Inc., 5.13%, 7/15/24 (f)			530		539,275
Eagle Holding Co. II LLC, (7.63% Cash or 8.38% PIK), 7.63%, 5/15/22 (e)(g)			258		266,135
Envision Healthcare Corp., 5.13%, 7/01/22 (e)			165		169,125
HCA, Inc.:
6.50%, 2/15/20 (f)			911		1,000,961
7.50%, 2/15/22 (f)			342		394,155
5.88%, 3/15/22 (f)			57		63,270
4.75%, 5/01/23			38		40,533
5.88%, 5/01/23			70		76,432
5.00%, 3/15/24 (f)			900		964,260
5.38%, 2/01/25 (f)			936		983,970
5.25%, 4/15/25 (f)			1,053		1,149,750
5.88%, 2/15/26 (f)			426		462,742
5.25%, 6/15/26 (f)			268		291,128
4.50%, 2/15/27			308		316,870
HealthSouth Corp.:
5.75%, 11/01/24 (f)			80		82,600
5.75%, 9/15/25			102		106,080
Hologic, Inc.:
5.25%, 7/15/22 (e)(f)			439		460,950
Series 2012, 2.00%, 3/01/42 (j)			274		388,566
MEDNAX, Inc., 5.25%, 12/01/23 (e)(f)			201		204,015


Corporate Bonds		Par (000)		Value
Health Care Providers & Services (continued)
Molina Healthcare, Inc., 4.88%, 6/15/25 (e)(h)	USD		108	$	108,810
MPH Acquisition Holdings LLC, 7.13%, 6/01/24 (e)			737		787,632
New Amethyst Corp., 6.25%, 12/01/24 (e)			392		419,440
RegionalCare Hospital Partners Holdings, Inc., 8.25%, 5/01/23 (e)			341		364,870
Sterigenics-Nordion Holdings LLC, 6.50%, 5/15/23 (e)			104		107,120
Surgery Center Holdings, Inc., 8.88%, 4/15/21 (e)			71		75,881
Tenet Healthcare Corp.:
6.25%, 11/01/18 (f)			92		97,060
4.75%, 6/01/20 (f)			520		537,550
4.63%, 6/15/20 (d)(f)			805		811,037
6.00%, 10/01/20			241		258,171
4.50%, 4/01/21			105		107,762
8.13%, 4/01/22			216		227,880
6.75%, 6/15/23 (f)			1,011		1,005,773
UnitedHealth Group, Inc., 3.75%, 7/15/25 (f)			1,470		1,555,786
Vizient, Inc., 10.38%, 3/01/24 (e)			75		86,438
WellCare Health Plans, Inc., 5.25%, 4/01/25			85		89,569

					20,060,693
Health Care Technology — 0.1%
Change Healthcare Holdings LLC/Change Healthcare Finance, Inc., 5.75%, 3/01/25 (e)			238		244,545
Quintiles IMS, Inc., 3.25%, 3/15/25 (e)	EUR		100		115,424

					359,969
Hotels, Restaurants & Leisure — 4.0%
Burger King France SAS, 5.25%, 5/01/23 (d)			100		116,053
Caesars Entertainment Resort Properties LLC/Caesars Entertainment Resort Property, 8.00%, 10/01/20 (f)	USD		2,225		2,305,656
Cemex Finance LLC, 9.38%, 10/12/22 (e)			330		352,440
Codere Finance 2 Luxembourg SA, 6.75%, 11/01/21	EUR		100		116,590
Eldorado Resorts, Inc., 6.00%, 4/01/25 (e)	USD		86		90,408
ESH Hospitality, Inc., 5.25%, 5/01/25 (e)(f)			130		132,839
GLP Capital LP/GLP Financing II, Inc., 5.38%, 4/15/26			95		102,838



BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2017	9


Schedule of Investments (continued)		BlackRock Limited Duration Income Trust (BLW)


Corporate Bonds		Par (000)		Value
Hotels, Restaurants & Leisure (continued)
International Game Technology PLC, 4.75%, 2/15/23	EUR		125	$	153,761
Jacobs Entertainment, Inc., 7.88%, 2/01/24 (e)	USD		143		150,865
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell of America LLC (e):
5.00%, 6/01/24			35		36,411
5.25%, 6/01/26			152		159,486
McDonald’s Corp., 3.70%, 1/30/26 (f)			405		422,237
Melco Resorts Finance Ltd., 4.88%, 6/06/25 (e)(h)			375		376,626
MGM Resorts International:
5.25%, 3/31/20 (f)			442		470,438
6.75%, 10/01/20 (f)			375		416,719
6.63%, 12/15/21 (f)			960		1,077,600
7.75%, 3/15/22			60		70,350
4.63%, 9/01/26			128		128,160
New Red Finance, Inc. (e):
6.00%, 4/01/22 (f)			1,095		1,139,840
4.25%, 5/15/24			584		584,000
PortAventura Entertainment Barcelona BV, 7.25%, 12/01/20	EUR		100		116,373
Punch Taverns Finance B Ltd., 7.37%, 9/30/21	GBP		56		79,835
RHP Hotel Properties LP/RHP Finance Corp., 5.00%, 4/15/21 (f)	USD		630		644,175
Sabre GLBL, Inc. (e):
5.38%, 4/15/23			147		154,166
5.25%, 11/15/23			242		251,680
Scientific Games International, Inc.:
7.00%, 1/01/22 (e)(f)			773		825,177
10.00%, 12/01/22			853		928,704
Six Flags Entertainment Corp. (e):
4.88%, 7/31/24			446		448,788
5.50%, 4/15/27			146		150,380
Spirit Issuer PLC:
Series A1, 0.89%, 12/28/28 (d)	GBP		445		459,089
Series A2, 3.04%, 12/28/31 (d)			1,800		2,212,829
Series A5, 5.47%, 12/28/28			4,500		6,025,989
Series A6, 2.14%, 12/28/36 (d)			2,670		3,422,979
Station Casinos LLC, 7.50%, 3/01/21 (f)	USD		511		530,163
Thomas Cook Group PLC, 6.25%, 6/15/22	EUR		100		122,220
Unique Pub Finance Co. PLC, Series A4, 5.66%, 6/30/27	GBP		208		300,362


Corporate Bonds		Par (000)		Value
Hotels, Restaurants & Leisure (continued)
Yum! Brands, Inc., 3.88%, 11/01/23	USD		98	$	96,990

					25,173,216
Household Durables — 0.5%
AV Homes, Inc., 6.63%, 5/15/22 (e)			81		82,620
Berkline/Benchcraft LLC, 4.50%, 6/01/18 (a)(b)(c)			200		—
Brookfield Residential Properties, Inc./Brookfield Residential US Corp., 6.13%, 7/01/22 (e)			259		266,122
CalAtlantic Group, Inc.:
8.38%, 1/15/21			134		157,832
5.38%, 10/01/22			6		6,435
5.25%, 6/01/26			41		42,128
Lennar Corp.:
4.50%, 11/15/19			370		385,262
4.75%, 4/01/21			26		27,430
4.13%, 1/15/22			118		120,950
4.75%, 11/15/22			33		34,449
4.88%, 12/15/23			122		127,490
4.75%, 5/30/25			260		267,384
Mattamy Group Corp., 6.88%, 12/15/23 (e)			103		104,288
Meritage Homes Corp., 5.13%, 6/06/27 (e)(h)			91		90,886
PulteGroup, Inc., 6.38%, 5/15/33 (f)			469		487,760
Standard Pacific Corp., 5.88%, 11/15/24			32		34,480
Tempur Sealy International, Inc., 5.50%, 6/15/26 (f)			406		407,705
TRI Pointe Group, Inc.:
4.38%, 6/15/19			110		112,750
4.88%, 7/01/21			190		197,600
5.88%, 6/15/24 (f)			170		178,075
William Lyon Homes, Inc., 5.88%, 1/31/25			95		98,088

					3,229,734
Household Products — 0.2%
ACCO Brands Corp., 5.25%, 12/15/24 (e)			85		87,763
Prestige Brands, Inc., 6.38%, 3/01/24 (e)			150		158,625
Spectrum Brands, Inc., 6.63%, 11/15/22 (f)			815		857,787

					1,104,175
Independent Power and Renewable Electricity Producers — 0.6%
Calpine Corp.:
6.00%, 1/15/22 (e)			33		34,361
5.38%, 1/15/23 (f)			164		160,841



10	BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2017


Schedule of Investments (continued)		BlackRock Limited Duration Income Trust (BLW)


Corporate Bonds		Par (000)		Value
Independent Power and Renewable Electricity Producers (continued)
Calpine Corp. (continued):
5.88%, 1/15/24 (e)	USD		108	$	111,510
Dynegy, Inc.:
6.75%, 11/01/19 (f)			550		565,813
7.38%, 11/01/22			324		319,140
5.88%, 6/01/23			35		32,944
7.63%, 11/01/24			35		33,950
Genneia SA, 8.75%, 1/20/22 (e)			425		454,665
NRG Energy, Inc.:
7.88%, 5/15/21 (f)			198		204,930
6.25%, 7/15/22			600		613,122
6.63%, 3/15/23			40		41,204
6.63%, 1/15/27			597		586,552
NRG Yield Operating LLC, 5.38%, 8/15/24 (f)			135		139,388
QEP Resources, Inc., 5.38%, 10/01/22 (f)			378		369,495
TerraForm Power Operating LLC, 6.38%, 2/01/23 (e)(j)			188		194,580

					3,862,495
Industrial Conglomerates — 0.1%
Vertiv Group Corp, 9.25%, 10/15/24 (e)			422		455,760
Insurance — 1.5%
Allied World Assurance Co. Holdings Ltd., 4.35%, 10/29/25 (f)			360		368,742
American International Group, Inc., 3.75%, 7/10/25 (f)			2,705		2,778,408
Aon PLC, 3.88%, 12/15/25 (f)			1,115		1,157,518
Assicurazioni Generali SpA (d):
7.75%, 12/12/42	EUR		100		137,329
5.50%, 10/27/47			100		122,012
Forethought Financial Group, Inc., 8.63%, 4/15/21 (e)(f)	USD		750		859,098
Groupama SA, 6.00%, 1/23/27	EUR		100		132,286
HUB International Ltd., 7.88%, 10/01/21 (e)(f)	USD		948		990,660
Lincoln National Corp., 3.35%, 3/09/25 (f)			845		849,804
Muenchener Rueckversicherungs AG, 6.00%, 5/26/41 (d)	EUR		400		537,361
Old Mutual PLC, 8.00%, 6/03/21	GBP		100		149,707
Radian Group, Inc., 5.25%, 6/15/20 (f)	USD		355		376,300
USIS Merger Sub, Inc., 6.88%, 5/01/25 (e)			115		116,438
Wayne Merger Sub LLC, 8.25%, 8/01/23 (e)(f)			545		576,338

					9,152,001


Corporate Bonds		Par (000)		Value
Internet Software & Services — 0.3%
Equinix, Inc., 5.88%, 1/15/26 (f)	USD		568	$	617,524
Netflix, Inc.:
4.38%, 11/15/26 (e)(f)			780		781,014
3.63%, 5/15/27	EUR		100		115,171
Symantec Corp., 5.00%, 4/15/25 (e)	USD		283		293,613

					1,807,322
IT Services — 0.7%
Ceridian HCM Holding, Inc., 11.00%, 3/15/21 (e)(f)			404		425,210
First Data Corp. (e)(f):
7.00%, 12/01/23			1,190		1,285,200
5.75%, 1/15/24			2,100		2,218,125
Gartner, Inc., 5.13%, 4/01/25 (e)			174		181,830
Millennium Corp., 0.00%, 12/31/49 (a)			1,779		—
WEX, Inc., 4.75%, 2/01/23 (e)			220		218,900

					4,329,265
Machinery — 0.2%
EnPro Industries, Inc., 5.88%, 9/15/22 (e)			111		115,995
Navistar International Corp., 8.25%, 11/01/21			45		45,534
SPX FLOW, Inc. (e):
5.63%, 8/15/24			292		299,300
5.88%, 8/15/26			157		162,200
Terex Corp., 5.63%, 2/01/25 (e)(f)			399		408,975

					1,032,004
Media — 7.2%
Adria Bidco BV, 7.88%, 11/15/20	EUR		100		117,010
Altice Financing SA (e):
6.63%, 2/15/23	USD		575		611,800
7.50%, 5/15/26 (f)			1,284		1,414,005
Altice Finco SA, 8.13%, 1/15/24 (e)			200		217,500
Altice Luxembourg SA:
7.75%, 5/15/22 (e)(f)			465		494,063
6.25%, 2/15/25	EUR		100		123,664
Altice US Finance I Corp. (e)(f):
5.38%, 7/15/23	USD		946		987,387
5.50%, 5/15/26			439		459,853
AMC Entertainment Holdings, Inc., 6.38%, 11/15/24	GBP		100		138,624
AMC Networks, Inc.:
4.75%, 12/15/22	USD		353		362,266
5.00%, 4/01/24 (f)			267		271,002
Cablevision SA, 6.50%, 6/15/21 (e)			335		355,770
Cablevision Systems Corp.:
8.63%, 9/15/17			51		51,893
7.75%, 4/15/18 (f)			464		483,572



BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2017	11


Schedule of Investments (continued)		BlackRock Limited Duration Income Trust (BLW)


Corporate Bonds		Par (000)		Value
Media (continued)
Cablevision Systems Corp. (continued):
8.00%, 4/15/20	USD		125	$	140,313
CBS Radio, Inc., 7.25%, 11/01/24 (e)			96		101,280
CCO Holdings LLC/CCO Holdings Capital Corp. (f):
5.25%, 9/30/22			380		394,014
5.13%, 2/15/23			270		281,502
5.13%, 5/01/23 (e)			561		590,105
5.13%, 5/01/27 (e)			1,778		1,821,339
5.88%, 5/01/27 (e)			315		335,475
Cequel Communications Holdings I LLC/Cequel Capital Corp. (e):
6.38%, 9/15/20			105		107,625
5.13%, 12/15/21			187		190,740
5.13%, 12/15/21 (f)			640		653,203
7.75%, 7/15/25 (f)			1,276		1,419,550
Charter Communications Operating LLC/Charter Communications Operating Capital, 4.91%, 7/23/25 (f)			2,425		2,632,034
Clear Channel International BV, 8.75%, 12/15/20 (e)(f)			425		450,500
Clear Channel Worldwide Holdings, Inc. (f):
6.50%, 11/15/22			2,044		2,096,526
Series B, 7.63%, 3/15/20			1,468		1,475,340
Columbus Cable Barbados Ltd., 7.38%, 3/30/21 (e)(f)			686		730,933
CSC Holdings LLC (f):
10.13%, 1/15/23 (e)			1,210		1,408,888
5.25%, 6/01/24			550		561,687
6.63%, 10/15/25 (e)			235		258,888
10.88%, 10/15/25 (e)			1,282		1,560,835
Discovery Communications LLC (f):
3.25%, 4/01/23			1,490		1,470,827
3.45%, 3/15/25			170		164,404
DISH DBS Corp.:
5.88%, 7/15/22			626		668,255
5.00%, 3/15/23			205		210,703
5.88%, 11/15/24			103		109,695
7.75%, 7/01/26 (f)			867		1,018,725
DISH Network Corp., 3.38%, 8/15/26 (e)(i)			274		333,081
eircom Finance DAC, 4.50%, 5/31/22	EUR		100		118,085
GTT Communications, Inc., 7.88%, 12/31/24 (e)	USD		115		123,050
Hughes Satellite Systems Corp.:
7.63%, 6/15/21			93		105,555
5.25%, 8/01/26 (f)			483		496,886
6.63%, 8/01/26			98		103,880


Corporate Bonds		Par (000)		Value
Media (continued)
iHeartCommunications, Inc.:
9.00%, 12/15/19	USD		380	$	300,911
9.00%, 9/15/22			755		553,037
10.63%, 3/15/23			944		696,200
Intelsat Jackson Holdings SA:
7.25%, 4/01/19			501		479,708
7.25%, 10/15/20			296		266,400
5.50%, 8/01/23 (f)			416		342,160
LG Finance Co. Corp., 5.88%, 11/01/24 (e)			85		88,613
McGraw-Hill Global Education Holdings LLC/McGraw-Hill Global Education Finance, 7.88%, 5/15/24 (e)			91		88,725
MDC Partners, Inc., 6.50%, 5/01/24 (e)			369		371,768
Midcontinent Communications/Midcontinent Finance Corp. (e):
6.25%, 8/01/21			245		253,575
6.88%, 8/15/23			112		120,820
Nexstar Broadcasting, Inc., 5.63%, 8/01/24 (e)			133		133,998
Numericable Group SA, 5.38%, 5/15/22	EUR		110		128,894
Outfront Media Capital LLC/Outfront Media Capital Corp., 5.25%, 2/15/22	USD		300		312,000
SFR Group SA (e):
6.00%, 5/15/22 (f)			370		387,113
6.25%, 5/15/24			1,400		1,470,000
7.38%, 5/01/26 (f)			2,493		2,697,102
Sirius XM Radio, Inc. (e):
5.75%, 8/01/21 (f)			424		438,840
4.63%, 5/15/23			25		25,391
Sterling Entertainment Corp., 9.75%, 12/15/19 (a)			1,175		1,163,250
TEGNA, Inc.:
5.13%, 10/15/19			197		201,679
5.50%, 9/15/24 (e)			53		54,855
Telesat Canada/Telesat LLC, 8.88%, 11/15/24 (e)			422		472,640
Tribune Media Co., 5.88%, 7/15/22 (f)			269		283,459
Unitymedia Hessen GmbH & Co. KG/Unitymedia NRW GmbH:
5.63%, 4/15/23	EUR		80		95,600
4.00%, 1/15/25			136		161,560
5.00%, 1/15/25 (e)	USD		200		207,250
Univision Communications, Inc. (e)(f):
5.13%, 5/15/23			336		338,308
5.13%, 2/15/25			276		272,550



12	BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2017


Schedule of Investments (continued)		BlackRock Limited Duration Income Trust (BLW)


Corporate Bonds		Par (000)		Value
Media (continued)
UPCB Finance IV Ltd., 4.00%, 1/15/27	EUR		100	$	117,830
Videotron Ltd./Videotron Ltee, 5.13%, 4/15/27 (e)	USD		240		248,400
Virgin Media Finance PLC, 5.75%, 1/15/25 (e)(f)			655		669,737
Virgin Media Secured Finance PLC:
5.13%, 1/15/25	GBP		100		137,123
5.50%, 1/15/25			180		246,416
5.25%, 1/15/26 (e)(f)	USD		555		564,712
5.50%, 8/15/26 (e)(f)			200		206,000
WaveDivision Escrow LLC/WaveDivision Escrow Corp., 8.13%, 9/01/20 (e)(f)			790		821,600
Wind Acquisition Finance SA, 7.38%, 4/23/21 (e)(f)			925		963,850
Ziggo Bond Finance BV:
4.63%, 1/15/25	EUR		137		163,902
5.88%, 1/15/25 (e)(f)	USD		470		480,575

					45,248,883
Metal Fabricating — 0.0%
Park-Ohio Industries, Inc., 6.63%, 4/15/27 (e)			49		51,144
Metals & Mining — 3.8%
Alcoa, Inc.:
5.87%, 2/23/22 (f)			630		688,275
5.13%, 10/01/24 (f)			498		529,374
5.90%, 2/01/27			105		114,713
5.95%, 2/01/37			50		51,500
Anglo American Capital PLC:
4.45%, 9/27/20 (e)			206		214,240
4.13%, 4/15/21 (e)(f)			200		205,780
3.50%, 3/28/22	EUR		100		122,230
4.88%, 5/14/25 (e)(f)	USD		400		414,772
ArcelorMittal:
7.50%, 10/15/39			94		105,261
7.25%, 3/01/41			323		356,915
Cliffs Natural Resources, Inc., 8.25%, 3/31/20 (e)			178		195,800
Constellium NV (e):
8.00%, 1/15/23			677		697,310
6.63%, 3/01/25			1,491		1,438,815
First Quantum Minerals Ltd. (e):
7.00%, 2/15/21 (f)			383		401,116
7.25%, 5/15/22 (f)			356		366,680
7.50%, 4/01/25			534		537,671
FMG Resources August 2006 Property Ltd., 9.75%, 3/01/22 (e)			189		216,523
Freeport-McMoRan, Inc.:
2.30%, 11/14/17			286		285,285
2.38%, 3/15/18			2,781		2,778,219


Corporate Bonds		Par (000)		Value
Metals & Mining (continued)
Freeport-McMoRan, Inc. (continued):
3.10%, 3/15/20	USD		1,540	$	1,515,499
4.00%, 11/14/21			240		234,288
3.55%, 3/01/22			465		434,775
3.88%, 3/15/23			1,528		1,420,123
5.40%, 11/14/34			126		111,510
5.45%, 3/15/43			1,197		1,012,207
Grinding Media, Inc./MC Grinding Media Canada, Inc., 7.38%, 12/15/23 (e)			440		474,650
Joseph T Ryerson & Son, Inc., 11.00%, 5/15/22 (e)			172		195,220
Kaiser Aluminum Corp., 5.88%, 5/15/24			112		118,160
Kinross Gold Corp.:
5.95%, 3/15/24			40		43,700
6.88%, 9/01/41			65		68,250
Novelis Corp. (e)(f):
6.25%, 8/15/24			1,088		1,146,317
5.88%, 9/30/26			988		1,022,580
Nyrstar Netherlands Holdings BV, 6.88%, 3/15/24	EUR		100		115,975
Peabody Energy Corp. (e):
6.00%, 3/31/22	USD		64		64,320
6.38%, 3/31/25			102		102,000
Steel Dynamics, Inc.:
5.13%, 10/01/21 (f)			645		665,156
6.38%, 8/15/22 (f)			555		575,257
5.25%, 4/15/23 (f)			200		206,750
5.50%, 10/01/24			56		59,290
5.00%, 12/15/26			15		15,263
SunCoke Energy Partners LP/SunCoke Energy Partners Finance Corp., 7.50%, 6/15/25 (e)			225		220,923
Teck Resources Ltd.:
4.50%, 1/15/21			456		476,520
3.75%, 2/01/23			1,077		1,059,499
8.50%, 6/01/24 (e)			380		438,900
6.13%, 10/01/35			91		94,640
6.00%, 8/15/40 (f)			588		596,820
5.20%, 3/01/42 (f)			563		523,590
5.40%, 2/01/43			279		260,865
ThyssenKrupp AG, 1.38%, 3/03/22	EUR		75		83,887
United States Steel Corp., 8.38%, 7/01/21 (e)	USD		320		351,200
VM Holdings SA, 5.38%, 5/04/27 (e)			668		661,988

					24,090,601



BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2017	13


Schedule of Investments (continued)		BlackRock Limited Duration Income Trust (BLW)


Corporate Bonds		Par (000)		Value
Multi-Utilities — 0.3%
Brooklyn Union Gas Co., 3.41%, 3/10/26 (e)(f)	USD		1,475	$	1,508,869
NGL Energy Partners LP/NGL Energy Finance Corp.:
5.13%, 7/15/19			120		120,300
6.88%, 10/15/21			209		211,612
7.50%, 11/01/23 (e)			240		243,000

					2,083,781
Multiline Retail — 0.0%
Neiman Marcus Group Ltd., 8.00%, 10/15/21 (e)(f)			332		171,810
Oil, Gas & Consumable Fuels — 6.8%
Alta Mesa Holdings LP/Alta Mesa Finance Services Corp., 7.88%, 12/15/24 (e)			117		122,558
Antero Midstream Partners LP/Antero Midstream Finance Corp., 5.38%, 9/15/24 (e)			55		56,306
Antero Resources Corp.:
5.13%, 12/01/22			76		76,855
5.63%, 6/01/23			74		75,850
Ascent Resources Utica Holdings LLC/ARU Finance Corp., 10.00%, 4/01/22 (e)			291		298,275
California Resources Corp., 8.00%, 12/15/22 (e)(f)			153		114,559
Callon Petroleum Co.:
6.13%, 10/01/24			209		216,315
6.13%, 10/01/24 (e)			91		94,185
Cheniere Corpus Christi Holdings LLC:
7.00%, 6/30/24 (f)			873		977,760
5.88%, 3/31/25			461		494,999
5.13%, 6/30/27 (e)			520		527,150
Chesapeake Energy Corp.:
6.88%, 11/15/20			215		222,525
8.00%, 12/15/22 (e)(f)			558		603,337
8.00%, 1/15/25 (e)(f)			374		372,130
8.00%, 6/15/27 (e)(h)			241		236,180
Cia Latinoamericana de Infraestructura & Servicios SA, 9.50%, 7/20/23 (e)			48		49,993
Citgo Holding, Inc., 10.75%, 2/15/20 (e)			135		145,800
ConocoPhillips Co., 4.20%, 3/15/21 (f)			290		310,153
CONSOL Energy, Inc.:
5.88%, 4/15/22 (f)			3,647		3,596,854
8.00%, 4/01/23			19		20,021
Continental Resources, Inc.:
4.50%, 4/15/23			25		24,438
3.80%, 6/01/24 (f)			395		369,088


Corporate Bonds		Par (000)		Value
Oil, Gas & Consumable Fuels (continued)
Continental Resources, Inc. (continued):
4.90%, 6/01/44	USD		290	$	248,130
Covey Park Energy LLC/Covey Park Finance Corp., 7.50%, 5/15/25 (e)			210		215,250
Crestwood Midstream Partners LP/Crestwood Midstream Finance Corp., 6.25%, 4/01/23			35		36,290
CrownRock LP/CrownRock Finance, Inc. (e):
7.13%, 4/15/21 (f)			875		901,250
7.75%, 2/15/23			145		153,700
DCP Midstream LLC (e):
4.75%, 9/30/21			80		81,200
6.45%, 11/03/36			197		209,805
6.75%, 9/15/37			237		256,552
Denbury Resources, Inc.:
9.00%, 5/15/21 (e)(f)			578		592,450
5.50%, 5/01/22			238		172,550
4.63%, 7/15/23			82		54,735
Diamondback Energy, Inc., 5.38%, 5/31/25 (e)			203		209,090
Eclipse Resources Corp., 8.88%, 7/15/23			70		70,525
Energy Transfer Equity LP (f):
7.50%, 10/15/20			703		785,602
5.88%, 1/15/24			452		482,510
5.50%, 6/01/27			390		410,475
Ensco Jersey Finance Ltd., 3.00%, 1/31/24 (e)(i)			247		208,097
EP Energy LLC/Everest Acquisition Finance, Inc.:
9.38%, 5/01/20			334		305,610
8.00%, 11/29/24 (e)			256		264,320
Extraction Oil & Gas Holdings LLC/Extraction Finance Corp., 7.88%, 7/15/21 (e)			316		330,220
GNL Quintero SA:
4.63%, 7/31/29 (e)(f)			247		258,424
4.63%, 7/31/29			240		251,100
Great Western Petroleum LLC/Great Western Finance, Inc., 9.00%, 9/30/21 (e)(f)			822		844,605
Gulfport Energy Corp.:
6.63%, 5/01/23			74		74,555
6.38%, 5/15/25 (e)			87		86,348
Halcon Resources Corp., 6.75%, 2/15/25 (e)(f)			1,478		1,378,235
Hess Corp., 4.30%, 4/01/27			50		50,207
Hilcorp Energy I LP/Hilcorp Finance Co., 5.00%, 12/01/24 (e)(f)			232		221,270
Matador Resources Co., 6.88%, 4/15/23			866		909,300



14	BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2017


Schedule of Investments (continued)		BlackRock Limited Duration Income Trust (BLW)


Corporate Bonds		Par (000)		Value
Oil, Gas & Consumable Fuels (continued)
MEG Energy Corp. (e):
6.38%, 1/30/23	USD		30	$	25,725
7.00%, 3/31/24 (f)			707		611,555
6.50%, 1/15/25 (f)			1,221		1,193,527
Murphy Oil Corp.:
6.88%, 8/15/24 (f)			260		272,350
6.13%, 12/01/42			67		63,818
Nabors Industries, Inc., 0.75%, 1/15/24 (e)(i)			399		327,180
Newfield Exploration Co., 5.63%, 7/01/24			111		117,660
NGPL PipeCo LLC (e)(f):
7.12%, 12/15/17			820		838,450
7.77%, 12/15/37			555		659,062
Noble Holding International Ltd., 7.75%, 1/15/24 (f)			510		449,917
Oasis Petroleum, Inc.:
6.50%, 11/01/21			169		171,535
2.63%, 9/15/23 (i)			220		239,662
ONEOK, Inc.:
7.50%, 9/01/23			315		375,441
6.00%, 6/15/35			35		37,100
Paramount Resources Ltd., 6.88%, 6/30/23 (e)			530		560,475
Parker Drilling Co.:
7.50%, 8/01/20			247		228,784
6.75%, 7/15/22			156		134,160
Parsley Energy LLC/Parsley Finance Corp. (e):
6.25%, 6/01/24			73		77,015
5.38%, 1/15/25			316		319,950
5.25%, 8/15/25			77		77,578
PBF Holding Co. LLC/PBF Finance Corp., 7.25%, 6/15/25 (e)			212		209,350
Petrobras Argentina SA, 7.38%, 7/21/23 (e)(f)			767		809,599
Petrobras Global Finance BV:
4.88%, 3/17/20			332		337,810
6.13%, 1/17/22			335		348,567
8.75%, 5/23/26			87		101,246
7.38%, 1/17/27			354		379,417
Petrobras International Finance Co., 5.75%, 1/20/20			332		344,865
Petroleos Mexicanos:
5.38%, 3/13/22 (e)			39		41,542
4.63%, 9/21/23			265		270,141
Precision Drilling Corp., 7.75%, 12/15/23 (e)			75		77,438
Range Resources Corp. (e):
5.88%, 7/01/22 (f)			330		337,425
5.00%, 3/15/23			155		151,125
Resolute Energy Corp.:
8.50%, 5/01/20			237		241,147
8.50%, 5/01/20 (e)			175		178,062


Corporate Bonds		Par (000)		Value
Oil, Gas & Consumable Fuels (continued)
Rockies Express Pipeline LLC (e):
6.85%, 7/15/18	USD		183	$	191,692
6.00%, 1/15/19			20		20,988
5.63%, 4/15/20 (f)			550		585,750
6.88%, 4/15/40 (f)			440		477,400
Rowan Cos., Inc.:
4.88%, 6/01/22			70		66,413
7.38%, 6/15/25 (f)			755		739,900
RSP Permian, Inc.:
6.63%, 10/01/22			291		306,641
5.25%, 1/15/25 (e)			151		152,888
Sanchez Energy Corp.:
7.75%, 6/15/21			50		47,125
6.13%, 1/15/23 (f)			1,710		1,504,800
SESI LLC:
6.38%, 5/01/19			90		88,650
7.13%, 12/15/21			85		84,788
Seven Generations Energy Ltd., 8.25%, 5/15/20 (e)(f)			119		124,355
SM Energy Co.:
6.50%, 11/15/21			100		101,000
6.13%, 11/15/22 (f)			18		17,809
5.00%, 1/15/24			5		4,625
5.63%, 6/01/25 (f)			425		399,368
6.75%, 9/15/26			139		136,220
Southwestern Energy Co., 5.80%, 1/23/20			1,087		1,103,305
Sunoco Logistics Partners Operations LP, 3.90%, 7/15/26 (f)			235		235,385
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp. (e):
5.50%, 9/15/24 (f)			412		418,180
5.13%, 2/01/25			114		117,990
5.38%, 2/01/27			79		82,358
Targa Resources Partners LP/Targa Resources Partners Finance Corp.:
6.38%, 8/01/22			85		87,763
5.25%, 5/01/23			15		15,469
Tesoro Corp. (e)(f):
4.75%, 12/15/23			443		466,257
5.13%, 12/15/26			718		768,260
Tesoro Logistics LP/Tesoro Logistics Finance Corp.:
5.88%, 10/01/20 (f)			138		141,450
6.13%, 10/15/21			39		40,682
6.25%, 10/15/22			70		74,900
Tullow Oil PLC, 6.25%, 4/15/22 (e)			200		187,500
Ultra Resources, Inc., 6.88%, 4/15/22 (e)			60		60,525
Weatherford International LLC, 6.80%, 6/15/37			27		25,110



BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2017	15


Schedule of Investments (continued)		BlackRock Limited Duration Income Trust (BLW)


Corporate Bonds		Par (000)		Value
Oil, Gas & Consumable Fuels (continued)
Weatherford International Ltd.:
6.50%, 8/01/36	USD		240	$	221,909
7.00%, 3/15/38			74		69,190
5.95%, 4/15/42			263		225,522
Whiting Petroleum Corp.:
5.00%, 3/15/19			713		711,217
5.75%, 3/15/21			27		26,487
WildHorse Resource Development Corp., 6.88%, 2/01/25 (e)(f)			196		190,120
Williams Cos., Inc.:
4.55%, 6/24/24			67		68,843
5.75%, 6/24/44 (f)			819		854,315
WPX Energy, Inc.:
7.50%, 8/01/20			70		73,850
6.00%, 1/15/22			171		172,710
8.25%, 8/01/23			90		98,550
5.25%, 9/15/24			105		101,850
YPF SA (e):
8.88%, 12/19/18 (f)			1,295		1,400,672
8.50%, 3/23/21			168		188,950

					42,956,145
Paper & Forest Products — 0.0%
Mercer International, Inc., 6.50%, 2/01/24 (e)			113		117,520
Pharmaceuticals — 2.0%
AbbVie, Inc., 3.60%, 5/14/25 (f)			695		711,370
Actavis Funding SCS, 3.45%, 3/15/22 (f)			2,460		2,550,978
Endo Finance LLC/Endo Finco, Inc. (e):
7.25%, 1/15/22			121		120,698
5.38%, 1/15/23			65		58,988
6.00%, 7/15/23 (f)			233		214,651
5.88%, 10/15/24			205		211,919
Ephios Bondco PLC, 6.25%, 7/01/22	EUR		100		122,024
inVentiv Group Holdings, Inc./inVentiv Health, Inc./inVentiv Health Clinical, Inc., 7.50%, 10/01/24 (e)	USD		401		436,589
Jaguar Holding Co. II/Pharmaceutical Product Development LLC, 6.38%, 8/01/23 (e)(f)			1,179		1,246,792
NBTY, Inc., 7.63%, 5/15/21 (e)(f)			489		511,005
Shire Acquisitions Investments Ireland DAC, 2.88%, 9/23/23 (f)			1,500		1,486,027
Tennessee Merger Sub, Inc., 6.38%, 2/01/25 (e)(f)			725		704,156
Teva Pharmaceutical Finance Netherlands III BV, 2.80%, 7/21/23 (f)			775		753,411


Corporate Bonds		Par (000)		Value
Pharmaceuticals (continued)
Valeant Pharmaceuticals International, Inc. (e):
6.75%, 8/15/18 (f)	USD		304	$	306,470
7.00%, 10/01/20			125		119,375
6.38%, 10/15/20			496		466,240
7.50%, 7/15/21			180		166,838
6.75%, 8/15/21			112		100,240
5.63%, 12/01/21			442		379,015
6.50%, 3/15/22			655		687,619
5.50%, 3/01/23			16		12,923
5.88%, 5/15/23			506		412,074
7.00%, 3/15/24			476		503,375
6.13%, 4/15/25			673		541,765

					12,824,542
Real Estate — 0.0%
Prologis LP, 3.75%, 11/01/25 (f)			255		267,379
Real Estate Investment Trusts (REITs) — 1.5%
AvalonBay Communities, Inc., 3.45%, 6/01/25 (f)			1,245		1,273,257
ERP Operating LP, 3.38%, 6/01/25 (f)			1,015		1,024,618
Hilton Domestic Operating Co., Inc., 4.25%, 9/01/24 (e)			179		180,790
iStar, Inc., 6.00%, 4/01/22			100		101,750
MGM Growth Properties Operating Partnership LP/MGP Finance Co-Issuer, Inc.:
5.63%, 5/01/24 (f)			1,462		1,577,132
4.50%, 9/01/26			396		396,000
MPT Operating Partnership LP/MPT Finance Corp., 3.33%, 3/24/25	EUR		100		115,482
NH Hotel Group SA, 3.75%, 10/01/23			129		152,158
Starwood Property Trust, Inc., 5.00%, 12/15/21 (e)	USD		234		243,945
Trust F/1401, 6.95%, 1/30/44			330		344,850
TVL Finance PLC, 5.20%, 5/15/23 (d)	GBP		100		130,134
Ventas Realty LP, 4.13%, 1/15/26 (f)	USD		650		673,596
Ventas Realty LP/Ventas Capital Corp., 4.75%, 6/01/21 (f)			1,300		1,398,375
Wyndham Worldwide Corp., 4.15%, 4/01/24 (f)			1,500		1,547,640

					9,159,727
Real Estate Management & Development — 0.3%
Aroundtown Property Holdings PLC, 1.50%, 1/18/21 (i)	EUR		100		123,692
The Howard Hughes Corp., 5.38%, 3/15/25 (e)	USD		149		153,656



16	BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2017


Schedule of Investments (continued)		BlackRock Limited Duration Income Trust (BLW)


Corporate Bonds		Par (000)		Value
Real Estate Management & Development (continued)
Realogy Group LLC/Realogy Co-Issuer Corp. (e):
4.50%, 4/15/19 (f)	USD		301	$	312,288
5.25%, 12/01/21			58		60,900
4.88%, 6/01/23 (f)			943		950,072
Rialto Holdings LLC/Rialto Corp., 7.00%, 12/01/18 (e)			220		223,850

					1,824,458
Road & Rail — 1.1%
Avis Budget Car Rental LLC/Avis Budget Finance, Inc. (e)(f):
5.13%, 6/01/22			115		111,694
5.25%, 3/15/25			620		573,112
Avis Budget Finance PLC:
4.13%, 11/15/24	EUR		100		108,403
4.50%, 5/15/25			100		108,403
Florida East Coast Holdings Corp., 6.75%, 5/01/19 (e)(f)	USD		701		722,030
Herc Rentals, Inc. (e):
7.50%, 6/01/22			158		167,875
7.75%, 6/01/24			136		145,180
Hertz Corp.:
6.75%, 4/15/19 (f)			285		285,884
7.38%, 1/15/21			250		235,781
7.63%, 6/01/22 (e)			385		385,000
Hertz Holdings Netherlands BV, 4.13%, 10/15/21	EUR		100		106,128
Lima Metro Line 2 Finance Ltd., 5.88%, 7/05/34 (e)(f)	USD		3,000		3,195,000
Loxam SAS, 3.50%, 5/03/23	EUR		100		117,353
United Rentals North America, Inc., 6.13%, 6/15/23	USD		54		56,998
Watco Cos. LLC/Watco Finance Corp., 6.38%, 4/01/23 (e)			319		330,963

					6,649,804
Semiconductors & Semiconductor Equipment — 1.5%
Advanced Micro Devices, Inc., 7.50%, 8/15/22			73		80,574
Analog Devices, Inc. (f):
3.90%, 12/15/25			375		392,228
3.50%, 12/05/26			275		278,577
Applied Materials, Inc., 3.90%, 10/01/25 (f)			285		305,634
Broadcom Corp./Broadcom Cayman Finance Ltd. (e)(f):
3.00%, 1/15/22			1,250		1,259,824
3.63%, 1/15/24			1,515		1,542,997
Microchip Technology, Inc., 2.13%, 12/15/37			60		211,388
Micron Technology, Inc.:
5.25%, 8/01/23 (e)			306		314,415
5.50%, 2/01/25			10		10,431


Corporate Bonds	Par (000)		Value
Semiconductors & Semiconductor Equipment (continued)
Micron Technology, Inc. (continued):
Series G, 3.00%, 11/15/43 (i) USD		720	$	824,850
Microsemi Corp., 9.13%, 4/15/23 (e)		20		23,050
NXP BV/NXP Funding LLC (e):
4.13%, 6/15/20 (f)		834		877,785
4.13%, 6/01/21		200		211,000
3.88%, 9/01/22		200		208,750
4.63%, 6/01/23 (f)		425		459,000
QUALCOMM, Inc., 3.45%, 5/20/25 (f)		1,570		1,619,877
Sensata Technologies BV (e):
5.63%, 11/01/24		179		192,649
5.00%, 10/01/25 (f)		332		344,656

				9,157,685
Software — 1.8%
ACI Worldwide, Inc., 6.38%, 8/15/20 (e)(f)		360		369,225
BMC Software Finance, Inc., 8.13%, 7/15/21 (e)(f)		1,763		1,800,552
CA, Inc., 3.60%, 8/15/22 (f)		555		574,556
Ensemble S Merger Sub, Inc., 9.00%, 9/30/23 (e)(f)		303		315,877
Genesys Telecommunications Laboratories Inc/Greeneden Lux 3 Sarl/Greeneden US Ho, 10.00%, 11/30/24 (e)		175		196,000
Inception Merger Sub, Inc./Rackspace Hosting, Inc., 8.63%, 11/15/24 (e)		472		503,124
Infinity Acquisition LLC/Infinity Acquisition Finance Corp., 7.25%, 8/01/22 (e)		46		44,160
Infor Software Parent LLC/Infor Software Parent, Inc., (7.13% Cash or 7.88% PIK), 7.13%, 5/01/21 (e)(f)(g)		545		562,712
Infor US, Inc., 6.50%, 5/15/22 (f)		1,153		1,200,561
Informatica LLC, 7.13%, 7/15/23 (e)		253		254,898
JDA Escrow LLC/JDA Bond Finance, Inc., 7.38%, 10/15/24 (e)		368		381,800
Nuance Communications, Inc. (e):
5.38%, 8/15/20 (f)		36		36,675
6.00%, 7/01/24		160		170,000
5.63%, 12/15/26		102		107,355
PTC, Inc., 6.00%, 5/15/24		106		112,956
Solera LLC/Solera Finance, Inc., 10.50%, 3/01/24 (e)(f)		1,217		1,393,465
SS&C Technologies Holdings, Inc., 5.88%, 7/15/23 (f)		600		641,175



BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2017	17


Schedule of Investments (continued)		BlackRock Limited Duration Income Trust (BLW)


Corporate Bonds		Par (000)		Value
Software (continued)
TIBCO Software, Inc., 11.38%, 12/01/21 (e)	USD		842	$	930,410
Veritas US, Inc./Veritas Bermuda Ltd.:
7.50%, 2/01/23 (e)			400		428,000
7.50%, 2/01/23	EUR		100		120,198
10.50%, 2/01/24 (e)(f)	USD		800		866,000

					11,009,699
Specialty Retail — 0.2%
Asbury Automotive Group, Inc., 6.00%, 12/15/24 (f)			466		476,776
Group 1 Automotive, Inc., 5.00%, 6/01/22 (f)			155		157,325
JC Penney Corp., Inc.:
8.13%, 10/01/19			42		46,568
6.38%, 10/15/36			21		15,330
7.40%, 4/01/37			84		64,680
L Brands, Inc., 6.88%, 11/01/35 (f)			371		360,797
Penske Automotive Group, Inc., 5.50%, 5/15/26			32		31,920
PetSmart, Inc. (e):
5.88%, 6/01/25			133		133,499
8.88%, 6/01/25			41		40,385

					1,327,280
Technology Hardware, Storage & Peripherals — 0.4%
Diamond 1 Finance Corp./Diamond 2 Finance Corp. (e):
4.42%, 6/15/21 (f)			40		42,152
7.13%, 6/15/24			651		725,510
6.02%, 6/15/26 (f)			135		149,017
8.35%, 7/15/46 (f)			80		102,748
Hewlett Packard Enterprise Co., 4.90%, 10/15/25 (f)			375		396,733
Riverbed Technology, Inc., 8.88%, 3/01/23 (e)			165		165,413
Western Digital Corp.:
7.38%, 4/01/23 (e)(f)			459		502,375
10.50%, 4/01/24			248		290,656

					2,374,604
Textiles, Apparel & Luxury Goods — 0.0%
BiSoho SAS, 5.88%, 5/01/23	EUR		90		110,207
Levi Strauss & Co., 3.38%, 3/15/27			100		114,649

					224,856
Thrifts & Mortgage Finance — 0.1%
Jerrold Finco PLC, 6.25%, 9/15/21	GBP		100		135,957


Corporate Bonds		Par (000)		Value
Thrifts & Mortgage Finance (continued)
Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp., 5.25%, 3/15/22 (e)	USD		355	$	364,319
MGIC Investment Corp., 5.75%, 8/15/23			163		175,225

					675,501
Tobacco — 0.1%
Reynolds American, Inc., 3.25%, 6/12/20 (f)			396		409,971
Trading Companies & Distributors — 0.0%
Ashtead Capital, Inc., 5.63%, 10/01/24 (e)(f)			220		235,400
Transportation Infrastructure — 1.4%
CEVA Group PLC, 7.00%, 3/01/21 (e)			460		416,300
CMA CGM SA, 7.75%, 1/15/21	EUR		100		117,334
Empresa de Transporte de Pasajeros Metro SA, 5.00%, 1/25/47 (e)	USD		231		248,325
Penske Truck Leasing Co. LP/PTL Finance Corp., 3.38%, 3/15/18 (e)(f)			6,155		6,237,323
Rumo Luxembourg Sarl, 7.38%, 2/09/24 (e)			907		938,654
Transurban Finance Co. Property Ltd., 4.13%, 2/02/26 (e)(f)			435		454,084
WFS Global Holding SAS, 9.50%, 7/15/22	EUR		100		123,200

					8,535,220
Utilities — 0.4%
AES Panama SRL, 6.00%, 6/25/22 (e)	USD		250		260,000
ContourGlobal Power Holdings SA, 5.13%, 6/15/21	EUR		100		118,620
Generacion Mediterranea SA/Generacion Frias SA/Central Termica Roca SA, 9.63%, 7/27/23 (e)	USD		831		912,870
Inkia Energy Ltd., 8.38%, 4/04/21 (e)			332		344,035
Stoneway Capital Corp., 10.00%, 3/01/27 (e)			999		1,058,660

					2,694,185
Wireless Telecommunication Services — 2.4%
Communications Sales & Leasing, Inc./CSL Capital LLC:
6.00%, 4/15/23 (e)			149		156,077
8.25%, 10/15/23 (f)			679		714,647
7.13%, 12/15/24 (e)			73		73,183



18	BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2017


Schedule of Investments (continued)		BlackRock Limited Duration Income Trust (BLW)


Corporate Bonds		Par (000)		Value
Wireless Telecommunication Services (continued)
CyrusOne LP/CyrusOne Finance Corp. (e):
5.00%, 3/15/24 (f)	USD		315	$	322,087
5.38%, 3/15/27			20		20,600
Digicel Group Ltd. (e):
8.25%, 9/30/20			268		254,131
7.13%, 4/01/22			267		233,959
Digicel Ltd., 6.00%, 4/15/21 (e)(f)			2,073		2,005,068
GEO Group, Inc.:
5.88%, 1/15/22			50		52,000
5.13%, 4/01/23			357		358,785
6.00%, 4/15/26			64		66,240
Matterhorn Telecom SA, 3.88%, 5/01/22	EUR		100		115,845
Radiate Holdco LLC/Radiate Finance, Inc., 6.63%, 2/15/25 (e)	USD		361		369,122
Rogers Communications, Inc., 5.00%, 3/15/44 (f)			545		608,293
Sprint Capital Corp.:
6.90%, 5/01/19			135		145,631
6.88%, 11/15/28 (f)			1,249		1,384,829
Sprint Communications, Inc.:
9.00%, 11/15/18 (e)(f)			586		643,135
7.00%, 3/01/20 (e)			455		505,050
7.00%, 8/15/20			125		138,125
Sprint Corp.:
7.25%, 9/15/21			105		119,208
7.88%, 9/15/23 (f)			1,235		1,426,425
7.13%, 6/15/24 (f)			2,163		2,433,105
Sprint Spectrum Co. LLC/Sprint Spectrum Co. II LLC/Sprint Spectrum Co. III LLC, 3.36%, 3/20/23 (e)(f)			520		526,984
T-Mobile USA, Inc.:
6.13%, 1/15/22			75		79,031
4.00%, 4/15/22			197		204,155
6.00%, 3/01/23 (f)			304		323,365
6.84%, 4/28/23			55		58,850
6.50%, 1/15/24 (f)			535		579,271
6.38%, 3/01/25			14		15,173
5.13%, 4/15/25			201		209,565
5.38%, 4/15/27			120		127,800
Trilogy International Partners LLC/Trilogy International Finance, Inc., 8.88%, 5/01/22 (e)			104		108,940
Uniti Group, Inc./Uniti Fiber Holdings, Inc./CSL Capital LLC, 7.13%, 12/15/24 (e)			153		154,147
Wind Acquisition Finance SA, 4.00%, 7/15/20	EUR		195		222,175


Corporate Bonds		Par (000)		Value
Wireless Telecommunication Services (continued)
Xplornet Communications, Inc., (9.63% Cash or 10.63% PIK), 9.63%, 6/01/22 (e)(g)	USD		87	$	90,480

					14,845,481
Total Corporate Bonds — 65.0%					408,518,057



Floating Rate Loan Interests (d)
Aerospace & Defense — 0.4%
Engility Corp. :
Term Loan B1, 4.29%, 8/12/20			109		110,042
Term Loan B2, 4.79%, 8/12/23			203		205,312
TransDigm, Inc. :
2015 Term Loan E, 4.04%, 5/14/22			633		634,013
2016 Extended Term Loan F, 4.04%, 6/09/23			1,040		1,041,737
Term Loan D, 4.15%, 6/04/21			333		334,391

					2,325,495
Air Freight & Logistics — 0.6%
Avolon TLB Borrower 1 (Luxembourg) Sarl, Term Loan B2, 3.76%, 3/20/22			2,786		2,820,815
CEVA Group PLC, Synthetic LOC, 6.50%, 3/19/21			213		187,600
CEVA Intercompany BV, Dutch Term Loan, 6.67%, 3/19/21			218		196,739
CEVA Logistics Canada ULC, Canadian Term Loan, 6.67%, 3/19/21			42		37,935
CEVA Logistics US Holdings, Inc., Term Loan, 6.67%, 3/19/21			288		259,744

					3,502,833
Airlines — 0.0%
Northwest Airlines, Inc., Term Loan, 2.65%, 9/10/18 (a)			207		203,667
Auto Components — 0.2%
Anchor Glass Container Corp. :
2016 1st Lien Term Loan, 4.25%, 12/07/23			165		165,675
2016 2nd Lien Term Loan, 8.81%, 12/07/24 (a)			175		177,625
Dayco Products LLC, 2017 Term Loan B, 6.18%, 5/08/23 (a)			315		315,000



BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2017	19


Schedule of Investments (continued)		BlackRock Limited Duration Income Trust (BLW)


Floating Rate Loan Interests (d)		Par (000)		Value
Auto Components (continued)
TKC Holdings, Inc., 2017 2nd Lien Term Loan, 8.50%, 2/01/24 (a)	USD		333	$	334,665

					992,965
Automobiles — 0.2%
CH Hold Corp. :
1st Lien Term Loan, 4.00%, 2/01/24			370		372,423
2nd Lien Term Loan, 8.25%, 2/01/25			110		112,613
FCA US LLC, 2018 Term Loan B, 2.99%, 12/31/18			758		763,022

					1,248,058
Building Materials — 0.2%
Allied Universal HoldCo LLC, 2015 Term Loan, 4.79%, 7/28/22			660		663,535
USAGM HoldCo LLC, 2015 2nd Lien Term Loan, 9.67%, 7/28/23			290		293,445

					956,980
Building Products — 0.6%
Continental Building Products LLC, 2017 Term Loan B, 3.65%, 8/18/23 (a)			595		598,169
CPG International Inc., 2017 Term Loan, 4.90%, 5/03/24			635		636,021
GYP Holdings III Corp., 1st Lien Term Loan, 4.67%, 4/01/21			705		705,030
Jeld-Wen, Inc., 2017 Term Loan B, 4.15%, 7/01/22			513		518,695
Ply Gem Industries, Inc., Term Loan, 4.15%, 2/01/21			385		386,899
Wilsonart LLC, 2016 Term Loan, 4.65%, 12/19/23			659		663,216

					3,508,030
Capital Markets — 0.1%
RPI Finance Trust, Term Loan B6, 3.15%, 3/27/23			873		875,939
Chemicals — 1.3%
Alpha 3 BV, 2017 Term Loan B1, 4.15%, 1/31/24			610		612,861
Axalta Coating Systems Dutch Holding BV, Term Loan, 3.43%, 5/16/24			715		718,353
Axalta Coating Systems US Holdings, Inc., Term Loan B1, 3.65%, 2/01/23			483		485,536


Floating Rate Loan Interests (d)		Par (000)		Value
Chemicals (continued)
Charter NEX US Holdings, Inc., 2017 Term Loan B, 4.29%, 5/10/24	USD		445	$	445,694
Chemours Co., 2017 Term Loan B, 3.50%, 5/12/22			292		293,914
Evergreen Acqco 1 LP, Term Loan, 5.00%, 7/09/19			46		42,332
Huntsman International LLC, Term Loan B2, 3.99%, 4/01/23			748		750,311
MacDermid, Inc.:
Term Loan B5, 4.54%, 6/07/20			468		472,628
Term Loan B6, 4.04%, 6/07/23			508		510,820
OXEA Finance LLC, Term Loan B2, 4.40%, 1/15/20			1,047		1,028,579
PQ Corp., 2016 Term Loan, 5.29%, 11/04/22			613		620,175
Royal Holdings, Inc. :
2015 2nd Lien Term Loan, 8.65%, 6/19/23 (a)			102		101,814
2017 Term Loan B, 4.40%, 6/19/22			458		462,395
Solenis International LP :
1st Lien Term Loan, 4.45%, 7/31/21			503		503,950
2nd Lien Term Loan, 7.95%, 7/31/22			600		599,628
Tata Chemicals North America, Inc., Term Loan B, 3.94%, 8/07/20			519		518,845

					8,167,835
Commercial Services & Supplies — 1.8%
Advanced Disposal Services, Inc., Term Loan B3, 3.70%, 11/10/23			1,042		1,048,984
Asurion LLC :
2016 Term Loan B2, 4.29%, 7/08/20			216		216,401
2017 Term Loan B5, 4.04%, 11/03/23			1,121		1,129,280
Term Loan B4, 4.29%, 8/04/22			226		226,886
Brand Energy & Infrastructure Services, Inc., Term Loan B, 4.93%, 11/26/20			1,250		1,252,367
Camelot UK Holdco Ltd., 2017 Term Loan B, 4.54%, 10/03/23			662		666,227
Creative Artists Agency LLC, 2017 1st Lien Term Loan B, 4.50%, 2/15/24			713		722,128



20	BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2017


Schedule of Investments (continued)		BlackRock Limited Duration Income Trust (BLW)


Floating Rate Loan Interests (d)		Par (000)		Value
Commercial Services & Supplies (continued)
Dealer Tire LLC, 2016 Term Loan B, 4.94%, 12/22/21 (a)	USD		229	$	232,285
Employbridge LLC, Exit Term Loan, 7.65%, 5/16/20			161		149,316
Garda World Security Corp., 2017 Term Loan, 5.04%, 4/05/24			283		283,221
GCA Services Group, Inc., 2016 Term Loan, 5.87%, 3/01/23			565		566,573
Harland Clarke Holdings Corp., Term Loan B6, 6.65%, 2/09/22			325		324,376
KAR Auction Services, Inc., Term Loan B5, 4.50%, 3/09/23			338		340,871
Packers Holdings LLC, Term Loan B, 4.80%, 12/02/21 (a)			615		619,750
Prime Security Services Borrower LLC, 2016 1st Lien Term Loan, 4.29%, 5/02/22			746		751,626
Spin Holdco, Inc., Term Loan B, 4.43%, 11/14/19			847		845,577
TruGreen Limited Partnership, 1st Lien Term Loan B, 6.50%, 4/13/23			337		340,194
US Security Associates Holdings, Inc., 2016 Term Loan, 6.15%, 7/14/23			602		608,747
Waste Industries USA, Inc., 2016 Term Loan, 3.79%, 2/27/20			678		683,562

					11,008,371
Commercial Services & Supplies — 0.2%
Catalent Pharma Solutions, Inc., Term Loan B, 3.79%, 5/20/21			1,190		1,202,641
Livingston International, Inc., 1st Lien Term Loan, 5.50%, 4/18/19			329		322,134

					1,524,775
Communications Equipment — 0.4%
Applied Systems, Inc. :
1st Lien Term Loan, 4.40%, 1/25/21			298		299,984
2nd Lien Term Loan, 7.65%, 1/24/22			262		264,071
Avaya, Inc. :
DIP Term Loan, 8.50%, 1/24/18			55		56,630
Term Loan B7, 0.00%, 5/29/20 (b)(c)			289		236,358
Checkout Holding Corp., 1st Lien Term Loan, 4.54%, 4/09/21			53		47,015
Colorado Buyer, Inc., Term Loan B, 4.17%, 5/01/24			545		547,725


Floating Rate Loan Interests (d)		Par (000)		Value
Communications Equipment (continued)
CommScope, Inc., Term Loan B5, 3.70%, 12/29/22	USD		319	$	320,025
Riverbed Technology, Inc., 2016 Term Loan, 4.30%, 4/24/22			396		390,408

					2,162,216
Construction & Engineering — 0.3%
CNT Holdings III Corp., 2017 Term Loan, 4.30%, 1/22/23			569		571,868
Pike Corp., 2017 1st Lien Term Loan, 4.80%, 3/01/24			190		191,663
Safway Group Holding LLC, Term Loan B, 5.76%, 8/19/23 (a)			1,025		1,027,412
USIC Holdings, Inc., 2016 1st Lien Term Loan, 5.17%, 12/08/23			374		376,400

					2,167,343
Construction Materials — 0.2%
Filtration Group Corp., 1st Lien Term Loan, 4.29%, 11/21/20			1,193		1,199,083
Containers & Packaging — 0.3%
Berlin Packaging LLC, 2014 1st Lien Term Loan, 4.50%, 10/01/21			260		261,127
Berry Plastics Group, Inc., Term Loan I, 3.54%, 10/01/22			1,029		1,036,622
BWAY Holding Co., Inc., 2017 Term Loan B, 4.25%, 4/03/24			567		566,172

					1,863,921
Distributors — 0.1%
American Builders & Contractors Supply Co., Inc., 2017 Term Loan B, 3.54%, 10/31/23			546		548,964
American Tire Distributors Holdings, Inc., 2015 Term Loan, 5.29%, 9/01/21			221		221,051

					770,015
Diversified Consumer Services — 0.8%
Bright Horizons Family Solutions, Inc., 2017 Term Loan B, 3.00%, 11/07/23			1,183		1,192,215
Nomad Foods Europe Midco Ltd., Term Loan B, 3.91%, 4/18/24			395		396,975
Serta Simmons Bedding LLC :
1st Lien Term Loan, 4.56%, 11/08/23			1,332		1,335,657
2nd Lien Term Loan, 9.18%, 11/08/24			470		474,113



BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2017	21


Schedule of Investments (continued)		BlackRock Limited Duration Income Trust (BLW)


Floating Rate Loan Interests (d)		Par (000)		Value
Diversified Consumer Services (continued)
ServiceMaster Co., 2016 Term Loan B, 3.54%, 11/08/23	USD		738	$	744,424
Weight Watchers International, Inc., Term Loan B2, 4.40%, 4/02/20			1,169		1,128,185

					5,271,569
Diversified Financial Services — 0.1%
AlixPartners LLP, 2017 Term Loan B, 4.15%, 4/04/24			830		835,055
SAM Finance Luxembourg Sarl, Term Loan, 4.39%, 12/17/20			60		60,091

					895,146
Diversified Telecommunication Services — 2.4%
CenturyLink, Inc., 2017 Term Loan B, 3.93%, 1/31/25			5,920		5,908,397
Consolidated Communications, Inc. :
2016 Term Loan B, 4.05%, 10/04/23			289		290,129
Term Loan B2, 4.15%, 10/05/23			205		206,025
Digicel International Finance Ltd., 2017 Term Loan B, 4.94%, 5/08/24			876		883,122
Level 3 Financing, Inc., 2017 Term Loan B, 3.26%, 2/22/24			3,087		3,090,859
Sprint Communications, Inc., 1st Lien Term Loan B, 3.56%, 2/02/24			985		987,669
Telenet International Finance Sarl, Term Loan AI, 3.74%, 6/30/25			2,080		2,088,133
Virgin Media Investment Holdings Ltd., Term Loan J, 3.76%, 1/31/26	GBP		304		394,310
Zayo Group LLC, 2017 Term Loan B2, 3.51%, 1/19/24	USD		1,305		1,312,883

					15,161,527
Electric Utilities — 0.5%
Energy Future Intermediate Holding Co. LLC, 2016 DIP Term Loan, 4.29%, 6/30/17			2,064		2,072,993
TEX Operations Co. LLC :
Exit Term Loan B, 3.79%, 8/04/23			657		652,317
Exit Term Loan C, 3.79%, 8/04/23			152		150,780


Floating Rate Loan Interests (d)		Par (000)		Value
Electric Utilities (continued)
Texas Competitive Electric Holdings Co. LLC/TCEH Finance, Inc., Term Loan, 4.91%, 11/10/17 (a)	USD		780		—
Vistra Operations Co. LLC, 2016 Term Loan B2, 4.25%, 12/14/23			304	$	304,353

					3,180,443
Electrical Equipment — 0.2%
Gates Global LLC, 2017 Term Loan B, 4.41%, 4/01/24			1,189		1,193,894
Energy Equipment & Services — 0.3%
Exgen Texas Power LLC, Term Loan B, 5.90%, 9/16/21			375		213,005
Gavilan Resources LLC, 2nd Lien Term Loan, 7.00%, 3/01/24			885		875,044
Seadrill Partners Finco LLC, Term Loan B, 4.20%, 2/21/21			286		195,573
Weatherford International Ltd., Term Loan, 3.35%, 7/13/20 (a)			485		477,295

					1,760,917
Food & Staples Retailing — 1.0%
Albertsons LLC :
2016 Term Loan B4, 4.04%, 8/22/21			1,470		1,477,750
2016 Term Loan B5, 4.40%, 12/22/22			108		109,094
BJ’s Wholesale Club, Inc. :
2017 1st Lien Term Loan, 4.75%, 2/03/24			1,180		1,177,545
2017 2nd Lien Term Loan, 8.50%, 2/03/25			485		490,762
Hostess Brands LLC, 2017 Term Loan, 3.54%, 8/03/22			1,201		1,209,848
Rite Aid Corp. :
5.75%, 8/21/20			240		240,799
4.88%, 6/21/21			815		816,785
US Foods, Inc., 2016 Term Loan B, 3.79%, 6/27/23			660		664,933

					6,187,516
Food Products — 0.7%
Chobani LLC, 1st Lien Term Loan, 5.29%, 10/07/23			655		663,268
Dole Food Company, Inc., 2017 Term Loan B, 4.03%, 4/06/24			340		341,336
JBS USA LLC, 2017 Term Loan B, 3.50%, 10/30/22			895		881,128



22	BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2017


Schedule of Investments (continued)		BlackRock Limited Duration Income Trust (BLW)


Floating Rate Loan Interests (d)		Par (000)		Value
Food Products (continued)
Pinnacle Foods Finance LLC, 2017 Term Loan B, 3.00%, 2/02/24	USD		643	$	646,321
Reddy Ice Corp. :
1st Lien Term Loan, 6.75%, 5/01/19			643		634,251
2nd Lien Term Loan, 10.75%, 11/01/19			233		219,020
Reynolds Group Holdings, Inc., 2017 Term Loan, 4.04%, 2/05/23			1,269		1,275,381

					4,660,705
Health Care Equipment & Supplies — 1.3%
Alere, Inc. :
2015 Term Loan A, 4.04%, 6/18/20			358		358,032
2015 Term Loan B, 4.30%, 6/18/22			483		485,168
Auris Luxembourg III Sarl, 2017 Term Loan B7, 4.15%, 1/17/22			858		867,162
Capsugel Holdings US, Inc., Term Loan B, 4.04%, 7/31/21			1,231		1,231,798
Cotiviti Corp., Term Loan B, 3.90%, 9/28/23			624		625,165
DJO Finance LLC, 2015 Term Loan, 4.29%, 6/08/20			1,333		1,317,684
Immucor, Inc., Refinancing Term Loan B2, 5.00%, 8/17/18			917		913,419
Mallinckrodt International Finance SA, Term Loan B, 3.90%, 9/24/24			529		528,284
National Vision, Inc., 1st Lien Term Loan, 4.04%, 3/12/21			1,169		1,173,473
Ortho-Clinical Diagnostics, Inc., Term Loan B, 4.78%, 6/30/21			931		933,777

					8,433,962
Health Care Providers & Services — 2.1%
Acadia Healthcare Co., Inc. :
Term Loan B, 4.04%, 2/11/22			233		234,536
Term Loan B2, 3.75%, 2/16/23			642		647,170
CHG Healthcare Services, Inc., Term Loan B, 4.92%, 6/07/23			975		983,683
Community Health Systems, Inc. :
Term Loan G, 3.80%, 12/31/19			422		422,222
Term Loan H, 4.05%, 1/27/21			218		218,080


Floating Rate Loan Interests (d)		Par (000)			Value
Health Care Providers & Services (continued)
Curo Health Services Holdings, Inc., 2015 1st Lien Term Loan, 5.93%, 2/07/22	USD		320		$	323,387
DaVita HealthCare Partners, Inc., Term Loan B, 3.79%, 6/24/21			389			391,992
Envision Healthcare Corp., 2016 Term Loan B, 4.15%, 12/01/23			2,384			2,408,461
HC Group Holdings III, Inc., Term Loan B, 6.04%, 4/07/22			822			809,865
HCA, Inc., Term Loan B9, 3.04%, 3/17/23			1,088			1,092,276
Iasis Healthcare LLC, Term Loan B3, 5.25%, 2/16/21			150			151,313
inVentiv Health, Inc., 2016 Term Loan B, 4.80%, 11/09/23			1,077			1,083,139
MPH Acquisition Holdings LLC, 2016 Term Loan B, 4.90%, 6/07/23			1,072			1,073,823
nThrive, Inc., 2016 1st Lien Term Loan, 5.54%, 10/20/22			546			546,787
NVA Holdings, Inc. :
1st Lien Term Loan B2, 4.65%, 8/14/21			505			509,759
Delayed Draw Term Loan B2, 3.50%, 8/14/21			50			50,500
Surgery Center Holdings, Inc., 1st Lien Term Loan, 4.75%, 11/03/20			396			397,273
Team Health Holdings, Inc., 1st Lien Term Loan, 3.79%, 2/06/24			995			989,090
U.S. Renal Care, Inc., 2015 Term Loan B, 5.40%, 12/31/22			—	(k)		296
Vizient, Inc., 2017 Term Loan B, 4.50%, 2/13/23			572			578,579

						12,912,231
Health Care Technology — 0.5%
Change Healthcare Holdings, Inc., 2017 Term Loan B, 3.79%, 3/01/24			2,420			2,427,260
Press Ganey Holdings, Inc. :
1st Lien Term Loan, 4.29%, 10/21/23			424			424,467
2nd Lien Term Loan, 8.29%, 10/21/24			215			219,436
Quintiles IMS, Inc., 2017 Term Loan B, 3.15%, 3/07/24			265			267,058

						3,338,221



BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2017	23


Schedule of Investments (continued)		BlackRock Limited Duration Income Trust (BLW)


Floating Rate Loan Interests (d)		Par (000)		Value
Hotels, Restaurants & Leisure — 2.2%
Amaya Holdings BV :
2nd Lien Term Loan, 8.15%, 8/01/22	USD		246	$	245,981
Repriced Term Loan B, 4.65%, 8/01/21			979		980,581
AMF Bowling Centers, Inc., 2016 Term Loan, 6.04%, 8/17/23 (a)			505		510,514
Boyd Gaming Corp., 2017 Term Loan B2, 3.45%, 9/15/23			541		543,822
Bronco Midstream Funding LLC, Term Loan B, 5.17%, 8/15/20			1,010		1,019,903
Burger King Newco Unlimited Liability Co., Term Loan B3, 3.40%, 2/16/24			1,498		1,500,111
Caesars Entertainment Operating Co., Term Loan B7, 0.00%, 3/01/22			1,067		1,325,481
Caesars Entertainment Resort Properties LLC, Term Loan B, 4.54%, 10/11/20			2,796		2,810,695
Caesars Growth Properties Holdings LLC, 2017 Term Loan, 3.75%, 5/08/21			908		913,144
CCM Merger, Inc., Term Loan B, 5.75%, 8/08/21			606		609,532
ESH Hospitality, Inc., 2017 Term Loan B, 3.54%, 8/30/23			871		875,280
Four Seasons Hotels Ltd., 1st Lien Term Loan, 4.15%, 11/30/23			100		100,810
Gateway Casinos & Entertainment Ltd., Term Loan B1, 4.79%, 2/22/23			135		136,631
Hilton Worldwide Finance LLC, Term Loan B2, 3.02%, 10/25/23			32		32,209
La Quinta Intermediate Holdings LLC, Term Loan B, 3.91%, 4/14/21			239		240,076
RHP Hotel Properties LP, 2017 Term Loan B, 3.44%, 5/11/24			410		411,796
Sabre GLBL, Inc., Term Loan B, 3.79%, 2/22/24			901		909,516
Scientific Games International, Inc., 2017 Term Loan B3, 5.08%, 10/01/21			646		655,574

					13,821,656


Floating Rate Loan Interests (d)		Par (000)		Value
Household Products — 0.1%
Spectrum Brands, Inc., 2017 Term Loan B, 3.18%, 6/23/22	USD		935	$	940,665
Independent Power and Renewable Electricity Producers — 0.8%
AES Corporation, 2017 Term Loan B, 3.19%, 5/15/22			480		478,949
Calpine Construction Finance Co., LP, Term Loan B1, 3.30%, 5/03/20			491		489,103
Calpine Corp. :
Term Loan B5, 3.90%, 1/15/24			256		255,508
Term Loan B6, 3.90%, 1/15/23			272		270,851
Term Loan B7, 3.90%, 5/31/23			409		408,167
Calpine Corporation, 1st Lien Term Loan, 2.80%, 11/30/17			182		182,349
Dynegy, Inc., 2017 Term Loan C, 4.25%, 2/07/24			1,098		1,096,720
Granite Acquisition, Inc.:
Term Loan B, 5.15%, 12/19/21			1,091		1,090,838
Term Loan C, 5.15%, 12/19/21			49		49,102
Nautilus Power LLC, Term Loan B, 5.68%, 4/28/24			820		812,825

					5,134,412
Industrial Conglomerates — 0.3%
Cortes NP Acquisition Corp., 2017 Term Loan B, 5.00%, 11/30/23			1,282		1,293,385
Sequa Corp., 1st Lien Term Loan, 6.67%, 11/26/21			370		372,083

					1,665,468
Insurance — 0.8%
Alliant Holdings I, Inc., 2015 Term Loan B, 4.42%, 8/12/22			745		745,797
AmWINS Group, Inc., 2017 Term Loan B, 3.79%, 1/25/24			623		624,024
AssuredPartners, Inc., 2017 Term Loan, 4.49%, 10/21/22			490		490,439
Hub International Ltd., Term Loan B, 4.17%, 10/02/20			497		499,846
Lonestar Intermediate Super Holdings LLC, PIK Term Loan B, 10.04%, 8/31/21 (g)			430		443,618
Sedgwick Claims Management Services, Inc. :
1st Lien Term Loan, 3.79%, 3/01/21			801		802,704



24	BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2017


Schedule of Investments (continued)		BlackRock Limited Duration Income Trust (BLW)


Floating Rate Loan Interests (d)		Par (000)		Value
Insurance (continued)
Sedgwick Claims Management Services, Inc. (continued):
2016 1st Lien Term Loan, 4.40%, 3/01/21	USD		263	$	263,670
2nd Lien Term Loan, 6.79%, 2/28/22			765		766,912
USI, Inc., 2017 Term Loan B, 4.18%, 5/16/24			545		544,046

					5,181,056
Internet & Direct Marketing Retail — 0.1%
Harbor Freight Tools USA, Inc., 2016 Term Loan B, 4.29%, 8/19/23			424		423,771
Internet Software & Services — 0.5%
Go Daddy Operating Company LLC, 2017 Term Loan B, 3.54%, 2/15/24			1,190		1,193,905
GTT Communications, Inc., 2016 Term Loan B, 5.06%, 1/09/24			162		163,413
Rackspace Hosting, Inc., 1st Lien Term Loan, 4.54%, 11/03/23			1,087		1,093,168
TierPoint LLC, 2017 1st Lien Term Loan, 4.79%, 5/06/24			470		470,442
WaveDivision Holdings LLC, Term Loan B, 3.93%, 10/15/19			382		382,575

					3,303,503
IT Services — 1.8%
Cision US, Inc., Term Loan B, 7.15%, 6/16/23			531		534,572
First Data Corp. :
2016 Repriced Term Loan, 4.03%, 7/10/22			175		176,419
2017 Term Loan, 3.53%, 4/26/24			4,324		4,346,135
Term Loan A, 3.03%, 6/02/20			135		134,825
NeuStar, Inc. :
Term Loan B1, 3.25%, 8/28/19			126		127,280
Term Loan B2, 4.90%, 2/28/24			344		347,235
Optiv Security, Inc. :
1st Lien Term Loan, 4.44%, 2/01/24			1,232		1,219,524
2nd Lien Term Loan, 8.44%, 2/01/25			335		329,596
TKC Holdings, Inc., 2017 Term Loan, 4.75%, 2/01/23			635		637,648
Vantiv LLC, 2014 Term Loan B, 3.49%, 10/14/23			518		520,828


Floating Rate Loan Interests (d)		Par (000)		Value
IT Services (continued)
VF Holding Corp., Reprice Term Loan, 4.29%, 6/30/23	USD		1,453	$	1,454,516
WEX, Inc., Term Loan B, 4.54%, 7/01/23			1,206		1,215,124

					11,043,702
Life Sciences Tools & Services — 0.3%
Patheon Holdings I BV, 2017 Term Loan, 4.41%, 4/20/24			1,668		1,674,517
Machinery — 0.9%
Clark Equipment Co., 2017 Term Loan B, 9,309.00%, 5/18/24			365		367,281
Columbus McKinnon Corp., Term Loan B, 4.15%, 1/31/24 (a)			99		99,305
Gardner Denver, Inc., Term Loan, 4.57%, 7/30/20			422		422,981
Global Brass & Copper, Inc., 2016 Term Loan B, 5.31%, 7/18/23			488		492,426
Infiltrator Systems, Inc., 2016 Term Loan B, 4.65%, 5/27/22 (a)			759		764,326
Manitowoc Foodservice, Inc., 2016 Term Loan B, 4.03%, 3/03/23			51		51,628
Mueller Water Products, Inc., 2017 Term Loan B, 3.54%, 11/25/21			298		300,514
Navistar International Corp., 2017 Term Loan B, 5.00%, 8/07/20			412		418,384
Rexnord LLC, 2016 Term Loan B, 3.75%, 8/21/23			762		765,343
Signode Industrial Group US, Inc., Term Loan B, 3.79%, 5/04/21			84		84,123
Silver II US Holdings LLC, Term Loan, 4.15%, 12/13/19			1,642		1,634,210
Tecomet, Inc., 2017 Term Loan B, 4.92%, 4/13/24			290		291,450

					5,691,971
Media — 3.4%
Acosta Holdco, Inc., 2015 Term Loan, 4.29%, 9/26/21			209		194,691
Altice Financing SA, 2017 Term Loan B, 3.91%, 7/15/25			455		455,191
Altice US Finance I Corp., 2017 Term Loan, 3.28%, 7/15/25			2,199		2,193,843
Cable One, Inc., 2017 Term Loan B, 3.43%, 5/01/24			260		261,625
CBS Radio, Inc., Term Loan B, 4.51%, 10/17/23			434		437,310



BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2017	25


Schedule of Investments (continued)		BlackRock Limited Duration Income Trust (BLW)


Floating Rate Loan Interests (d)		Par (000)		Value
Media (continued)
Charter Communications Operating LLC, 2016 Term Loan I Add, 3.29%, 1/15/24	USD		1,714	$	1,724,502
CSC Holdings LLC, 2017 1st Lien Term Loan, 3.25%, 7/15/25			1,504		1,500,379
Entercom Radio LLC, 2016 Term Loan, 4.55%, 11/01/23			234		234,720
Getty Images, Inc., Term Loan B, 4.75%, 10/18/19			114		104,595
Gray Television, Inc., 2017 Term Loan B, 3.50%, 2/07/24			504		507,845
Houghton Mifflin Harcourt Publishing Co., 2015 Term Loan B, 4.04%, 5/31/21			805		759,806
iHeartCommunications, Inc. :
Extended Term Loan E, 8.54%, 7/30/19			215		177,482
Term Loan D, 7.79%, 1/30/19			1,972		1,620,050
Intelsat Jackson Holdings SA, Term Loan B2, 3.89%, 6/30/19			2,681		2,646,320
Learfield Communications, Inc., 2016 1st Lien Term Loan, 4.30%, 12/01/23 (a)			569		575,565
Mission Broadcasting, Inc., 2016 Term Loan B2, 4.00%, 1/17/24			151		151,880
Nexstar Broadcasting, Inc., 2017 Term Loan B, 4.00%, 1/17/24			1,537		1,550,220
Numericable U.S. LLC, Term Loan B10, 4.42%, 1/14/25			344		344,352
SBA Senior Finance II LLC, Term Loan B1, 3.30%, 3/24/21			677		679,276
Sinclair Television Group, Inc., Term Loan B2, 3.30%, 1/03/24			369		369,167
Trader Corp., 2017 Term Loan B, 4.29%, 9/28/23			455		455,378
Tribune Media Co., Term Loan C, 4.04%, 1/27/24			1,292		1,295,943
Univision Communications, Inc., Term Loan C5, 3.79%, 3/15/24			877		869,590
Virgin Media Bristol LLC, Term Loan I, 3.74%, 1/31/25			1,480		1,486,009
William Morris Endeavor Entertainment LLC, 1st Lien Term Loan, 4.29%, 5/06/21			110		110,216
Ziggo Secured Finance Partnership, Term Loan E, 3.49%, 4/15/25			745		744,687

					21,450,642


Floating Rate Loan Interests (d)		Par (000)		Value
Metals & Mining — 0.0%
Ameriforge Group, Inc., 2nd Lien Term Loan, 8.75%, 12/19/20	USD		255	$	25,074
WireCo WorldGroup, Inc., 2016 1st Lien Term Loan, 6.70%, 9/30/23			234		235,481

					260,555
Multiline Retail — 0.2%
Hudson’s Bay Co., 2015 Term Loan B, 4.29%, 9/30/22			966		927,919
Neiman Marcus Group, Inc., 2020 Term Loan, 4.25%, 10/25/20			313		243,180

					1,171,099
Oil, Gas & Consumable Fuels — 1.1%
California Resources Corp. :
Second Out Term Loan, 11.38%, 12/31/21			1,145		1,265,946
Term Loan A, 4.04%, 10/01/19			829		800,764
Chesapeake Energy Corp., Term Loan, 8.69%, 8/23/21			955		1,028,772
CITGO Holding, Inc., 2015 Term Loan B, 9.65%, 5/12/18			344		347,938
Drillships Financing Holding, Inc., Term Loan B1, 8.00%, 3/31/21			441		317,113
EagleClaw Midstream Services LLC, Bridge Term Loan, 7.00%, 7/12/24 (a)			810		—
Energy Transfer Equity LP, 2017 Term Loan B, 3.75%, 2/02/24			817		816,311
EWT Holdings III Corp., 1st Lien Term Loan, 4.90%, 1/15/21			290		291,339
MEG Energy Corp., 2017 Term Loan B, 4.68%, 12/31/23			496		494,059
Moxie Patriot LLC, Term Loan B1, 6.90%, 12/19/20			157		143,583
PowerTeam Services LLC, 2nd Lien Term Loan, 8.40%, 11/06/20 (a)			275		269,500
Samchully Midstream 3 LLC, Term Loan B, 5.90%, 10/20/21 (a)			252		245,494
Ultra Resources, Inc., 1st Lien Term Loan, 4.00%, 3/23/24			331		329,967
Veresen Midstream LP, 2017 Term Loan B, 4.54%, 3/31/22			817		820,929

					7,171,715



26	BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2017


Schedule of Investments (continued)		BlackRock Limited Duration Income Trust (BLW)


Floating Rate Loan Interests (d)		Par (000)		Value
Personal Products — 0.3%
Nature’s Bounty Co., 2017 Term Loan B, 4.65%, 5/05/23	USD		250	$	249,987
Prestige Brands, Inc., Term Loan B4, 3.79%, 1/26/24			893		900,283
Revlon Consumer Products Corp., 2016 Term Loan B, 4.54%, 9/07/23			498		474,693

					1,624,963
Pharmaceuticals — 0.9%
Akorn, Inc., Term Loan B, 5.31%, 4/16/21 (a)			609		615,582
Grifols Worldwide Operations USA, Inc., 2017 Acquisition Term Loan, 3.20%, 1/31/25			1,240		1,242,145
Jaguar Holding Co. II, 2015 Term Loan B, 4.40%, 8/18/22			1,981		1,982,800
Valeant Pharmaceuticals International, Inc., Series F1 Term Loan B, 5.75%, 4/01/22			1,847		1,879,176

					5,719,703
Professional Services — 0.5%
Advantage Sales & Marketing, Inc., 2014 1st Lien Term Loan, 4.29%, 7/23/21			520		514,281
Information Resources, Inc., 1st Lien Term Loan, 5.26%, 1/18/24			345		348,126
SIRVA Worldwide, Inc., 2016 Term Loan, 7.66%, 11/14/22 (a)			239		238,801
Sterling Infosystems, Inc., 1st Lien Term Loan B, 5.40%, 6/20/22			584		587,405
TransUnion LLC, Term Loan B2, 3.54%, 4/09/23			1,142		1,153,024

					2,841,637
Real Estate Investment Trusts (REITs) — 0.4%
Capital Automotive LP, 2017 1st Lien Term Loan, 4.03%, 3/24/24			250		251,952
Communications Sales & Leasing, Inc., 2017 Term Loan B, 4.04%, 10/24/22			775		778,849
MGM Growth Properties Operating Partnership LP, 2016 Term Loan B, 3.29%, 4/25/23			1,386		1,393,433

					2,424,234


Floating Rate Loan Interests (d)		Par (000)		Value
Real Estate Management & Development — 0.4%
CityCenter Holdings LLC, 2017 Term Loan B, 3.50%, 4/18/24	USD		1,045	$	1,049,361
DTZ U.S. Borrower LLC, 2015 1st Lien Term Loan, 4.42%, 11/04/21			500		500,949
Realogy Corp., 2017 Term Loan B, 3.29%, 7/20/22			818		822,970

					2,373,280
Road & Rail — 0.0%
Road Infrastructure Investment LLC, 2016 1st Lien Term Loan, 4.50%, 6/13/23			150		150,746
Semiconductors & Semiconductor Equipment — 0.1%
Cavium, Inc., 2017 Term Loan B, 3.28%, 8/16/22 (a)			236		236,744
MaxLinear, Inc., Term Loan B, 3.49%, 5/12/24 (a)			170		170,850
Microsemi Corp., 2015 Term Loan B, 3.33%, 1/15/23			155		155,339
ON Semiconductor Corp., 2017 Term Loan B, 3.29%, 3/31/23			250		250,708

					813,641
Software — 3.5%
Aptean, Inc., 2016 1st Lien Term Loan, 6.04%, 12/20/22			350		351,533
BMC Software Finance, Inc., 2017 Term Loan, 5.00%, 9/13/22			1,026		1,030,597
CCC Information Services, Inc. :
2017 1st Lien Term Loan, 4.04%, 4/27/24			294		292,996
2017 2nd Lien Term Loan, 7.79%, 4/27/25			160		163,450
Dell, Inc., 2017 Term Loan B, 3.55%, 9/07/23			791		795,507
DTI Holdco, Inc., 2016 Term Loan B, 6.42%, 9/30/23			509		498,863
Hyland Software, Inc. :
2017 2nd Lien Term Loan, 8.19%, 7/12/25			190		192,850
2017 Term Loan, 4.29%, 7/01/22			443		446,473
Infor US, Inc., Term Loan B6, 3.90%, 2/01/22			1,372		1,368,622
Informatica Corp., Term Loan, 4.65%, 8/05/22			1,252		1,251,313
IPS Corp., 2016 1st Lien Term Loan, 6.25%, 12/20/23 (a)			284		282,866
IQOR US, Inc., Term Loan B, 6.15%, 4/01/21			377		375,828



BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2017	27


Schedule of Investments (continued)		BlackRock Limited Duration Income Trust (BLW)


Floating Rate Loan Interests (d)		Par (000)		Value
Software (continued)
Kronos, Inc. :
2017 Term Loan B, 4.68%, 11/01/23	USD		1,167	$	1,177,637
2nd Lien Term Loan, 9.42%, 11/01/24			615		638,831
LANDesk Group, Inc., 2017 Term Loan B, 5.30%, 1/20/24			180		180,225
MA FinanceCo. LLC, Term Loan B3, 3.00%, 4/29/24			90		90,251
Misys Europe SA :
1st Lien Term Loan, 4.67%, 4/27/24			1,010		1,011,939
2nd Lien Term Loan, 8.25%, 4/27/25			373		380,180
Mitchell International, Inc. :
1st Lien Term Loan, 4.67%, 10/13/20			606		609,647
2nd Lien Term Loan, 8.67%, 10/11/21			600		603,564
Project Alpha Intermediate Holding, Inc., 2017 Term Loan B, 4.67%, 4/26/24			690		686,840
RP Crown Parent LLC, 2016 Term Loan B, 4.54%, 10/12/23			848		855,389
Seattle Spinco, Inc., Term Loan B3, 2.75%, 4/19/24			610		609,489
SolarWinds Holdings, Inc., 2017 Term Loan, 4.54%, 2/05/23			913		917,266
Solera LLC, Term Loan B, 4.29%, 3/03/23			1,106		1,113,040
Sophia LP, 2017 Term Loan B, 4.40%, 9/30/22			924		921,222
SS&C Technologies, Inc. :
2017 Term Loan B1, 3.29%, 7/08/22			1,718		1,727,405
2017 Term Loan B2, 3.29%, 7/08/22			119		120,075
Synchronoss Technologies, Inc., Term Loan, 4.08%, 1/19/24			375		345,562
Tempo Acquisition LLC, Term Loan, 4.00%, 5/01/24			910		912,921
Tibco Software, Inc., 2017 Term Loan B, 5.55%, 12/04/20			796		803,804
Veritas US, Inc., Term Loan B1, 6.77%, 1/27/23			1,233		1,233,802

					21,989,987
Specialty Retail — 0.4%
Academy Ltd., 2015 Term Loan B, 5.04%, 7/01/22			415		334,132
Bass Pro Group LLC, Asset Sale Term Loan, 5.90%, 6/09/18			295		297,581
Leslie’s Poolmart, Inc., 2016 Term Loan, 4.79%, 8/16/23			368		370,319


Floating Rate Loan Interests (d)		Par (000)		Value
Specialty Retail (continued)
Michaels Stores, Inc., 2016 Term Loan B1, 3.79%, 1/30/23	USD		404	$	403,662
Party City Holdings, Inc., 2016 Term Loan, 4.05%, 8/19/22			497		497,199
Petco Animal Supplies, Inc., 2017 Term Loan B, 4.17%, 1/26/23			667		618,929

					2,521,822
Technology Hardware, Storage & Peripherals — 0.1%
Western Digital Corp., 2017 Term Loan B, 3.78%, 4/29/23			619		624,769
Textiles, Apparel & Luxury Goods — 0.1%
Ascend Performance Materials Operations LLC, Term Loan B, 6.65%, 8/12/22			713		718,745
Thrifts & Mortgage Finance — 0.1%
IG Investment Holdings LLC, 2017 Term Loan, 5.18%, 10/31/21			833		839,273
Trading Companies & Distributors — 0.3%
Beacon Roofing Supply, Inc., Term Loan B, 3.75%, 10/01/22			839		843,294
HD Supply, Inc. :
Incremental Term Loan B1, 3.90%, 8/13/21			822		826,877
Incremental Term Loan B2, 3.90%, 10/17/23			224		225,136
Nexeo Solutions LLC, 2017 Term Loan B, 4.95%, 6/09/23			109		110,371

					2,005,678
Transportation — 0.1%
Gruden Acquisition, Inc., 1st Lien Term Loan, 5.90%, 8/18/22			494		465,670
Wireless Telecommunication Services — 0.9%
GEO Group, Inc., 2017 Term Loan B, 3.25%, 3/22/24			732		732,461
Ligado Networks LLC :
2015 2nd Lien Term Loan, 0.00%, 12/07/20			31		20,860
PIK Exit Term Loan (9.75% PIK), 0.00%, 12/07/20 (g)			2,756		2,649,636
LTS Buyer LLC, 1st Lien Term Loan, 4.40%, 4/13/20			1,794		1,800,495
Radiate Holdco LLC, 1st Lien Term Loan, 4.04%, 2/01/24			450		450,733

					5,654,185
Total Floating Rate Loan Interests — 37.4%					235,176,722



28	BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2017


Schedule of Investments (continued)		BlackRock Limited Duration Income Trust (BLW)


Foreign Agency Obligations		Par (000)		Value
Argentine Republic Government International Bond (f):
6.25%, 4/22/19	USD		2,269	$	2,397,198
7.50%, 4/22/26			3,008		3,317,824
7.63%, 4/22/46			2,422		2,574,586
Banque Centrale de Tunisie International Bond, 4.50%, 6/22/20	EUR		559		653,739
Colombia Government International Bond:
11.75%, 2/25/20	USD		37		46,157
4.38%, 7/12/21 (f)			2,292		2,440,980
Cyprus Government International Bond, 4.63%, 2/03/20 (e)	EUR		2,600		3,206,354
Egypt Government International Bond:
5.75%, 4/29/20	USD		1,857		1,913,137
8.50%, 1/31/47 (e)			373		399,140
Iceland Government International Bond, 5.88%, 5/11/22			3,030		3,488,896
Indonesia Government International Bond, 5.88%, 3/13/20			1,146		1,252,371
Portugal Government International Bond, 5.13%, 10/15/24 (e)			3,190		3,237,850
Republic of Argentina, 5.63%, 1/26/22 (f)			4,650		4,845,300
Republic of South Africa Government International Bond, 5.50%, 3/09/20			587		624,480
Turkey Government International Bond, 7.00%, 6/05/20 (f)			3,166		3,475,052
Total Foreign Agency Obligations — 5.4%					33,873,064


Non-Agency Mortgage-Backed Securities
Collateralized Mortgage Obligations — 1.3%
Countrywide Alternative Loan Trust, Series 2005-54CB, Class 3A4, 5.50%, 11/25/35			2,867		2,516,815
Countrywide Home Loan Mortgage Pass-Through Trust:
Series 2005-17, Class 1A6, 5.50%, 9/25/35			579		576,260
Series 2006-17, Class A2, 6.00%, 12/25/36			1,492		1,303,557
Series 2007-HY5, Class 3A1, 4.46%, 9/25/37 (d)			1,059		985,029


Non-Agency Mortgage-Backed Securities		Par (000)		Value
Collateralized Mortgage Obligations (continued)
Fannie Mae, Series 2017-C03, Class 1M2, 4.02%, 10/25/29 (d)(e)	USD		1,600	$	1,635,509
GSR Mortgage Loan Trust, Series 2005-AR5, Class 2A3, 3.31%, 10/25/35 (d)			963		825,616

					7,842,786
Commercial Mortgage-Backed Securities — 6.7%
Banc of America Merrill Lynch Commercial Mortgage Securities Trust, Series 2015-200P, Class C, 3.72%, 4/14/33 (d)(e)			4,830		4,938,484
Citigroup Commercial Mortgage Trust, Series 2015-SSHP, Class D, 4.04%, 9/15/27 (d)(e)			2,825		2,832,948
Commercial Mortgage Pass-Through Certificates, Series 2014-PAT (d)(e):
Class E, 4.14%, 8/13/27			1,000		1,004,223
Class F, 3.43%, 8/13/27			2,000		1,956,509
Commercial Mortgage Trust:
Series 2013-LC6, Class B, 3.74%, 1/10/46			1,110		1,140,633
Series 2014-CR21, Class A3, 3.53%, 12/10/47			230		240,034
Series 2015-3BP, Class A, 3.18%, 2/10/35 (e)			5,930		6,027,770
Series 2015-CR22, Class B, 3.93%, 3/10/48 (d)			5,000		5,111,222
Core Industrial Trust, Series 2015-TEXW, Class D, 3.85%, 2/10/34 (d)(e)			3,615		3,719,531
CSAIL Commercial Mortgage Trust, Series 2015-C1, Class B, 4.04%, 4/15/50 (d)			890		929,065
GAHR Commercial Mortgage Trust, Series 2015-NRF (d)(e):
Class DFX, 3.38%, 12/15/34			4,830		4,910,170
Class GFX, 3.38%, 12/15/34			2,500		2,407,037
Greenwich Capital Commercial Funding Corp. Commercial Mortgage Trust, Series 2006-GG7, Class AM, 5.76%, 7/10/38 (d)			676		675,193
GS Mortgage Securities Corp. II, Series 2013-GC10, Class B, 3.68%, 2/10/46 (e)			1,995		2,056,589
JPMorgan Chase Commercial Mortgage Securities Trust:
Series 2004-LN2, Class A2, 5.12%, 7/15/41			19		18,687
Series 2016-NINE, Class A, 2.85%, 10/06/38 (d)(e)			800		790,110



BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2017	29


Schedule of Investments (continued)		BlackRock Limited Duration Income Trust (BLW)


Non-Agency Mortgage-Backed Securities			Par (000)		Value
Commercial Mortgage-Backed Securities (continued)
LB-UBS Commercial Mortgage Trust, Series 2007-C6, Class A4, 5.86%, 7/15/40 (d)		USD		280	$	280,175
Wells Fargo Commercial Mortgage Trust, Series 2015-C31, Class A4, 3.70%, 11/15/48				600		631,033
WF-RBS Commercial Mortgage Trust, Series 2012-C8:
Class B, 4.31%, 8/15/45				1,085		1,154,905
Class C, 4.90%, 8/15/45 (d)				1,395		1,460,845

						42,285,163
Interest Only Commercial Mortgage-Backed Securities — 0.2%
Commercial Mortgage Loan Trust, Series 2015-LC21, Class XA, 0.86%, 7/10/48 (d)				16,009		708,042
WF-RBS Commercial Mortgage Trust, Series 2014-C20, Class XA, 1.16%, 5/15/47 (d)				14,368		759,338

						1,467,380
Total Non-Agency Mortgage-Backed Securities — 8.2%						51,595,329


Other Interests (l) — 0.0%	Investment Value (000)
Auto Components — 0.0%
Lear Corp. Escrow (a)				1,000		10


Preferred Securities
Capital Trusts (d)	Par (000)
Banks — 2.7%
Allied Irish Banks PLC, 7.38% (m)				200		242,342
Banco Popular Espanol SA, 11.50% (m)				100		73,018
Banco Santander SA, 6.25% (m)				100		112,475
Capital One Financial Corp., Series E, 5.55% (f)(m)				3,000		3,108,750
CIT Group, Inc., 5.80% (m)				475		483,906
Citigroup, Inc. (f)(m):
5.90%				5,000		5,306,250
Series A, 5.95%				1,370		1,437,610
Series M, 6.13%				950		1,017,688
Cooperatieve Rabobank UA, 6.63% (m)				200		250,819
Erste Group Bank AG, 6.50% (m)				200		241,632
Intesa Sanpaolo SpA, 7.00% (m)				200		233,657


Capital Trusts (d)		Par (000)		Value
Banks (continued)
RZB Finance Jersey IV Ltd., 1.62% (m)	USD		100	$	106,372
U.S. Bancorp, Series J, 5.30% (m)			421		441,250
Wells Fargo & Co. (f)(m):
Series S, 5.90%			3,170		3,364,163
Series U, 5.88%			650		713,375

					17,133,307
Capital Markets — 1.1%
Goldman Sachs Group, Inc. (f)(m):
Series L, 5.70%			819		845,618
Series M, 5.38%			1,730		1,790,550
Morgan Stanley, Series H, 5.45% (f)(m)			2,546		2,612,833
State Street Corp., Series F, 5.25% (f)(m)			1,625		1,706,250
UBS Group AG, 5.75% (m)			200		249,154

					7,204,405
Chemicals — 0.0%
Lanxess AG, 4.50%, 12/06/76			50		60,882
Solvay Finance SA, 5.12% (m)			100		124,417

					185,299
Diversified Financial Services — 3.3%
Bank of America Corp. (f)(m):
Series AA, 6.10%			1,241		1,332,524
Series U, 5.20%			1,250		1,251,875
Series V, 5.13%			510		516,375
Series X, 6.25%			1,929		2,071,746
Barclays PLC, 7.25% (m)			200		275,357
Credit Agricole SA, 6.50% (m)			100		122,174
HSBC Holdings PLC, 6.00% (m)			215		219,434
JPMorgan Chase & Co. (f)(m):
Series U, 6.13%			6,690		7,208,475
Series V, 5.00%			4,060		4,131,050
Macquarie Bank Ltd., 10.25%			1,450		1,454,411
Royal Bank of Scotland Group PLC, 8.63% (m)			200		219,000
Societe Generale SA, 6.00% (e)(f)(m)			2,000		1,987,500

					20,789,921
Diversified Telecommunication Services — 0.1%
Telefonica Europe BV (m):
3.75%			100		115,930
4.20%			200		237,357
5.00%			100		121,110

					474,397



30	BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2017


Schedule of Investments (continued)		BlackRock Limited Duration Income Trust (BLW)


Capital Trusts (d)		Par (000)		Value
Electric Utilities — 0.1%
Enel SpA:
5.00%, 1/15/75	USD		100	$	121,603
7.75%, 9/10/75			100		145,923
Origin Energy Finance Ltd., 4.00%			100		114,948

					382,474
Insurance — 1.6%
Hartford Financial Services Group, Inc., 8.13%, 6/15/38 (f)			2,500		2,643,750
Prudential Financial, Inc., 5.63%, 6/15/43 (f)			3,250		3,534,375
Voya Financial, Inc., 5.65%, 5/15/53 (f)			3,500		3,675,000

					9,853,125
Oil, Gas & Consumable Fuels — 0.1%
Gas Natural Fenosa Finance BV, 3.38% (m)			100		112,054
Repsol International Finance BV, 4.50%, 3/25/75			100		115,106
TOTAL SA, 3.88%, 5/15/53 (m)			100		120,929

					348,089
Total Capital Trusts — 9.0%					56,371,017



Preferred Stocks		Shares
Capital Markets — 1.9%
Goldman Sachs Group, Inc., Series J, 5.50% (d)(m)			202,526		5,599,844
Morgan Stanley (m):
Series F, 6.88%			120,000		3,516,000
Series K, 5.85%			78,162		2,083,799
SCE Trust III, Series H, 5.75% (d)(m)			21,200		610,772

					11,810,415
Wireless Telecommunication Services — 0.0%
CF-B L2 (D) LLC, (Aquired 4/08/15, cost $127,096) (n)			127,973		120,166
Total Preferred Stocks — 1.9%					11,930,581


Trust Preferred
Diversified Financial Services — 0.4%
GMAC Capital Trust I, Series 2 (d)			2,643,825		2,690,798
Total Preferred Securities — 11.3%					70,992,396


U.S. Government Sponsored Agency Securities		Par (000)		Value
Collateralized Mortgage Obligations — 0.7%
Freddie Mac Mortgage-Backed Securities, Series 4480, Class ZX, 4.00%, 11/15/44 (f)	USD		4,318	$	4,596,412
Interest Only Collateralized Mortgage Obligations — 0.5%
Fannie Mae Mortgage-Backed Securities, Series 2012-M9, Class X1, 3.98%, 12/25/17 (d)			6,064		67,264
Freddie Mac Mortgage-Backed Securities, Class X1 (d):
Series K042, 1.06%, 12/25/24			34,718		2,284,305
Series K707, 1.52%, 12/25/18			40,468		731,926

					3,083,495
Mortgage-Backed Securities — 0.2%
Fannie Mae Mortgage-Backed Securities, 5.00% 7/1/20-8/1/23 (f)			1,430		1,474,565
Total U.S. Government Sponsored Agency Securities — 1.4%					9,154,472
U.S. Treasury Obligations — 0.5%
U.S. Treasury Bonds, 2.50%, 2/15/46 (f)			3,200		2,966,624



Rights — 0.0%		Shares
Electric Utilities — 0.0%
Tex Energy LLC (a)			18,143		19,050



Warrants — 0.0%
Software — 0.0%
HMH Holdings/EduMedia (Issued/exercisable 3/09/10, 19 Shares for 1 Warrant, Expires 6/22/19, Strike Price $42.27) (a)			3,100		1,271
Transportation Infrastructure — 0.0%
Jack Cooper Enterprises, Inc. (Expires 4/26/27), Class B (Issued/exercisable 4/26/17, 1 Share for 1 Warrant, Expires 4/26/27, Strike Price $0.01) (a)			3,658		23,484
Total Warrants — 0.0%					24,755
Total Long-Term Investments (Cost — $879,029,541) — 141.7%					890,922,161



BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2017	31


Schedule of Investments (continued)		BlackRock Limited Duration Income Trust (BLW)


Short-Term Securities	Shares		Value
BlackRock Liquidity Funds, T-Fund, Institutional Class, 0.67% (o)(p)		4,566,530	$	4,566,530
Total Short-Term Securities (Cost — $4,566,530) — 0.7%				4,566,530
Options Purchased (Cost — $1,187,402) — 0.1%				626,194


	Value
Total Investments Before Options Written (Cost — $884,783,473) — 142.5%	$	896,114,885
Options Written (Premiums Received — $503,722) — (0.0)%		(215,041	)
Total Investments, Net of Options Written (Cost — $884,279,751) — 142.5%		895,899,844
Liabilities in Excess of Other Assets — (42.5)%		(267,072,292	)

Net Assets — 100.0%	$	628,827,552

* As of As May 31, 2017, gross unrealized appreciation and depreciation based on cost for U.S. federal income tax purposes were as follows:

Tax cost	$	884,062,475

Gross unrealized appreciation	$	24,901,339
Gross unrealized depreciation		(12,848,929	)

Net unrealized appreciation	$	12,052,410

Notes to Schedule of Investments

(a)

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

(b)

Non-income producing security.

(c)

Issuer filed for bankruptcy and/or is in default.

(d)

Variable rate security. Rate as of period end.

(e)

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.

(f)

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

(g)

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.

(h)

When-issued security.

(i)

Convertible security.

(j)

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

(k)

Amount is less than $500.

(l)

Other interests represent beneficial interests in liquidation trusts and other reorganization or private entities.

(m)

Perpetual security with no stated maturity date.

(n)

Restricted security as to resale, excluding 144A securities. As of period end, the Fund held restricted securities with a current value of $120,166 and an original cost of $27,096, which was less than 0.05% of its net assets.

(o)

During the period ended May 31, 2017, investments in issuers considered to be affiliates of the Fund for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:



32	BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2017


Schedule of Investments (continued)		BlackRock Limited Duration Income Trust (BLW)


Affiliate	Shares Held at August 31, 2016	Shares Purchased	Shares Sold	Shares Held at May 31, 2017	Value at May 31, 2017	Income	Realized Gain (Loss)¹	Change in Unrealized Appreciation (Depreciation)
BlackRock Liquidity Funds, T-Fund, Institutional Class	—	4,566,530²	—	4,566,530	$4,566,530	$15,103	$12	—
BlackRock Liquidity Funds, TempFund, Institutional Class	2,911,779	—	(2,911,779)³	—	—	33	—	—
iShares iBoxx $ High Yield Corporate Bond ETF	8,500	—	(8,500)	—	—	—	(3,886)	$(3,377)
Total					$4,566,530	$15,136	$(3,874)	$(3,377)

Includes net capital gain distributions.

Represents net shares purchased.

Represents net shares sold.

(p)

Current yield as of period end.

For Fund compliance purposes, the Fund’s industry classifications refer to one or more of the industry sub-classifications used by one or more widely recognized market indexes or rating group indexes, and/or as defined by the investment adviser. These definitions may not apply for purposes of this report, which may combine such industry sub-classifications for reporting ease.

Portfolio Abbreviations


ABS		Asset-Backed Security
AUD		Australian Dollar
BRL		Brazilian Real
CAD		Canadian Dollar
CHF		Swiss Franc
CLO		Collateralized Loan Obligation
CR		Custodian Receipt
DIP		Debtor-In-Possession
ETF		Exchange-Traded Fund
EUR		Euro
FHLMC		Federal Home Loan Mortgage Corp.
FNMA		Federal National Mortgage Association
GBP		British Pound
IDR		Indonesian Rupiah
JPY		Japanese Yen
LI		London Stock Exchange
LOC		Letter of Credit
NOK		Norwegian Krone
NZD		New Zealand Dollar
OTC		Over-the-Counter
PIK		Payment-In-Kind
SEK		Swedish Krona
S&P		Standard and Poor’s
USD		U.S. Dollar



BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2017	33


Schedule of Investments (continued)		BlackRock Limited Duration Income Trust (BLW)


Reverse Repurchase Agreements
Counterparty	Interest Rate			Trade Date		Maturity Date¹		Face Value		Face Value Including Accrued Interest		Type of Non-Cash Underlying Collateral	Remaining Contractual Maturity of the Agreements¹
RBC Capital Markets LLC		1.70	%		9/29/16		Open	$	46,355	$	46,693	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.70	%		9/30/16		Open		808,966		813,832	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.70	%		10/07/16		Open		529,277		533,742	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.70	%		10/11/16		Open		37,100		37,363	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.70	%		10/13/16		Open		104,720		105,574	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.70	%		10/17/16		Open		217,935		219,669	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.70	%		10/20/16		Open		856,800		863,624	Corporate Bonds	Open/Demand
HSBC Securities (USA), Inc.		1.25	%		10/21/16		Open		789,000		793,505	Corporate Bonds	Open/Demand
HSBC Securities (USA), Inc.		1.25	%		10/21/16		Open		2,690,000		2,705,359	Capital Trusts	Open/Demand
HSBC Securities (USA), Inc.		1.25	%		10/21/16		Open		898,000		903,127	Corporate Bonds	Open/Demand
HSBC Securities (USA), Inc.		1.25	%		10/21/16		Open		1,473,000		1,481,779	Corporate Bonds	Open/Demand
HSBC Securities (USA), Inc.		1.25	%		10/21/16		Open		1,474,000		1,482,416	Corporate Bonds	Open/Demand
HSBC Securities (USA), Inc.		1.25	%		10/21/16		Open		3,341,000		3,360,076	Corporate Bonds	Open/Demand
HSBC Securities (USA), Inc.		1.25	%		10/21/16		Open		824,000		828,705	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		0.75	%		10/25/16		Open		484,500		486,690	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		0.95	%		10/25/16		Open		480,525		483,277	Corporate Bonds	Open/Demand



34	BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2017


Schedule of Investments (continued)		BlackRock Limited Duration Income Trust (BLW)


Reverse Repurchase Agreements (continued)
Counterparty	Interest Rate			Trade Date		Maturity Date¹		Face Value		Face Value Including Accrued Interest		Type of Non-Cash Underlying Collateral	Remaining Contractual Maturity of the Agreements¹
RBC Capital Markets LLC		1.00	%		10/25/16		Open	$	467,500	$	470,318	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.00	%		10/25/16		Open		462,210		464,996	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.70	%		11/03/16		Open		171,270		172,586	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.70	%		11/04/16		Open		377,540		380,345	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.70	%		11/14/16		Open		191,200		192,578	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.70	%		12/07/16		Open		2,247,530		2,261,687	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.70	%		12/12/16		Open		302,365		304,333	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.34	%		12/14/16		Open		232,180		233,382	Corporate Bonds	Open/Demand
HSBC Securities (USA), Inc.		1.00	%		12/15/16		Open		6,414,000		6,443,754	Capital Trusts	Open/Demand
HSBC Securities (USA), Inc.		1.00	%		12/15/16		Open		482,000		484,236	Corporate Bonds	Open/Demand
HSBC Securities (USA), Inc.		1.00	%		12/15/16		Open		937,000		941,347	Corporate Bonds	Open/Demand
HSBC Securities (USA), Inc.		1.30	%		12/15/16		Open		2,222,000		2,235,400	Corporate Bonds	Open/Demand
HSBC Securities (USA), Inc.		1.30	%		12/15/16		Open		347,000		349,093	Corporate Bonds	Open/Demand
HSBC Securities (USA), Inc.		1.30	%		12/15/16		Open		307,000		308,851	Corporate Bonds	Open/Demand
HSBC Securities (USA), Inc.		1.30	%		12/15/16		Open		1,017,000		1,023,133	Corporate Bonds	Open/Demand
HSBC Securities (USA), Inc.		1.30	%		12/15/16		Open		600,000		603,618	Corporate Bonds	Open/Demand
HSBC Securities (USA), Inc.		1.30	%		12/15/16		Open		12,000		12,072	Corporate Bonds	Open/Demand
HSBC Securities (USA), Inc.		1.30	%		12/15/16		Open		3,042,000		3,060,345	Capital Trusts	Open/Demand
HSBC Securities (USA), Inc.		1.30	%		12/15/16		Open		203,000		204,224	Corporate Bonds	Open/Demand
HSBC Securities (USA), Inc.		1.55	%		12/15/16		Open		168,000		169,065	Corporate Bonds	Open/Demand
Credit Suisse Securities (USA) LLC		1.00	%		12/19/16		Open		5,839,556		5,865,834	Corporate Bonds	Open/Demand
Credit Suisse Securities (USA) LLC		1.00	%		12/19/16		Open		895,738		899,768	Corporate Bonds	Open/Demand
Credit Suisse Securities (USA) LLC		1.00	%		12/19/16		Open		681,031		684,096	Corporate Bonds	Open/Demand
Credit Suisse Securities (USA) LLC		1.00	%		12/19/16		Open		1,290,250		1,296,056	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.04	%		12/19/16		Open		628,875		631,836	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.04	%		12/19/16		Open		415,425		417,381	Corporate Bonds	Open/Demand



BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2017	35


Schedule of Investments (continued)		BlackRock Limited Duration Income Trust (BLW)


Reverse Repurchase Agreements (continued)
Counterparty	Interest Rate			Trade Date		Maturity Date¹		Face Value		Face Value Including Accrued Interest		Type of Non-Cash Underlying Collateral	Remaining Contractual Maturity of the Agreements¹
RBC Capital Markets LLC		1.04	%		12/19/16		Open	$	1,636,250	$	1,643,955	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.04	%		12/19/16		Open		2,101,000		2,110,893	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.04	%		12/19/16		Open		1,444,275		1,451,076	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.04	%		12/19/16		Open		244,163		245,312	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.04	%		12/19/16		Open		1,154,738		1,160,175	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.04	%		12/19/16		Open		637,663		640,665	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.04	%		12/19/16		Open		331,200		332,760	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.40	%		12/19/16		Open		421,200		423,870	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.40	%		12/19/16		Open		496,213		499,358	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.40	%		12/19/16		Open		361,460		363,751	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.40	%		12/19/16		Open		230,040		231,498	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.40	%		12/19/16		Open		577,275		580,934	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.40	%		12/19/16		Open		632,000		636,006	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.04	%		12/21/16		Open		280,013		281,315	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.04	%		12/21/16		Open		1,355,900		1,362,206	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.04	%		12/21/16		Open		1,059,250		1,064,177	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.04	%		12/21/16		Open		950,000		954,419	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.04	%		12/21/16		Open		95,000		95,442	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.04	%		12/21/16		Open		355,313		356,965	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.04	%		12/21/16		Open		483,538		485,787	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.15	%		12/21/16		Open		185,925		186,881	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.15	%		12/21/16		Open		124,063		124,701	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.40	%		12/21/16		Open		696,825		701,188	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.40	%		12/21/16		Open		375,600		377,952	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.40	%		12/21/16		Open		384,225		386,631	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.40	%		12/21/16		Open		199,100		200,347	Corporate Bonds	Open/Demand



36	BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2017


Schedule of Investments (continued)		BlackRock Limited Duration Income Trust (BLW)


Reverse Repurchase Agreements (continued)
Counterparty	Interest Rate			Trade Date		Maturity Date¹		Face Value		Face Value Including Accrued Interest		Type of Non-Cash Underlying Collateral	Remaining Contractual Maturity of the Agreements¹
RBC Capital Markets LLC		1.40	%		12/21/16		Open	$	338,445	$	340,564	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.40	%		12/21/16		Open		521,325		524,589	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.40	%		12/21/16		Open		462,825		465,723	Corporate Bonds	Open/Demand
HSBC Securities (USA), Inc.		1.25	%		12/22/16		Open		441,000		443,098	Corporate Bonds	Open/Demand
Credit Suisse Securities (USA) LLC		0.97	%		12/29/16		Open		2,860,000		2,868,165	U.S. Treasury Obligations	Open/Demand
RBC Capital Markets LLC		1.34	%		12/30/16		Open		379,812		381,684	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.70	%		1/18/17		Open		440,000		442,482	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.70	%		1/23/17		Open		244,850		246,184	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.40	%		1/25/17		Open		974,820		979,559	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.70	%		1/27/17		Open		1,113,552		1,119,531	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.70	%		1/27/17		Open		661,752		665,305	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.70	%		1/27/17		Open		1,613,952		1,622,618	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.70	%		1/27/17		Open		784,400		788,612	Corporate Bonds	Open/Demand
Barclays Capital, Inc.		(3.50	)%		1/31/17		Open		260,181		259,722	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.70	%		1/31/17		Open		1,619,680		1,627,999	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.70	%		2/07/17		Open		257,480		258,732	Corporate Bonds	Open/Demand
HSBC Securities (USA), Inc.		1.55	%		2/10/17		Open		143,000		143,613	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.70	%		2/15/17		Open		105,300		105,779	Corporate Bonds	Open/Demand
HSBC Securities (USA), Inc.		1.50	%		2/23/17		Open		1,261,000		1,265,125	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.70	%		3/03/17		Open		79,350		79,656	Corporate Bonds	Open/Demand
BNP Paribas S.A.		1.46	%		3/06/17		Open		449,000		450,548	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.45	%		3/06/17		Open		1,697,000		1,702,810	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.70	%		3/06/17		Open		745,430		748,273	Corporate Bonds	Open/Demand
BNP Paribas S.A.		1.71	%		3/07/17		Open		1,057,000		1,061,134	Corporate Bonds	Open/Demand
HSBC Securities (USA), Inc.		1.55	%		3/07/17		Open		875,000		878,025	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.45	%		3/09/17		Open		419,000		420,418	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.45	%		3/09/17		Open		373,000		374,262	Corporate Bonds	Open/Demand



BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2017	37


Schedule of Investments (continued)		BlackRock Limited Duration Income Trust (BLW)


Reverse Repurchase Agreements (continued)
Counterparty	Interest Rate			Trade Date		Maturity Date¹		Face Value		Face Value Including Accrued Interest		Type of Non-Cash Underlying Collateral	Remaining Contractual Maturity of the Agreements¹
Deutsche Bank Securities, Inc.		1.45	%		3/09/17		Open	$	316,000	$	317,069	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.45	%		3/09/17		Open		347,000		348,174	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.45	%		3/09/17		Open		340,000		341,150	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/09/17		Open		471,514		473,233	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.45	%		3/10/17		Open		668,000		670,233	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.45	%		3/10/17		Open		167,000		167,558	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.45	%		3/10/17		Open		441,000		442,474	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.45	%		3/10/17		Open		295,000		295,986	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.45	%		3/10/17		Open		643,000		645,150	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.45	%		3/10/17		Open		618,000		620,066	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.45	%		3/13/17		Open		587,000		588,891	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.45	%		3/13/17		Open		219,000		219,706	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.45	%		3/13/17		Open		262,000		262,844	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.45	%		3/13/17		Open		270,000		270,870	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.45	%		3/13/17		Open		114,000		114,367	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.45	%		3/13/17		Open		200,000		200,644	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/13/17		Open		195,000		195,695	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.70	%		3/14/17		Open		256,880		257,780	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/15/17		Open		162,000		162,581	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.30	%		3/16/17		Open		2,889,000		2,896,929	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.30	%		3/16/17		Open		1,485,000		1,489,076	Capital Trusts	Open/Demand
Deutsche Bank Securities, Inc.		1.40	%		3/16/17		Open		2,741,000		2,749,101	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/16/17		Open		131,000		131,470	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/16/17		Open		854,000		857,065	Capital Trusts	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/16/17		Open		428,000		429,536	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/16/17		Open		368,000		369,321	Corporate Bonds	Open/Demand



38	BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2017


Schedule of Investments (continued)		BlackRock Limited Duration Income Trust (BLW)


Reverse Repurchase Agreements (continued)
Counterparty	Interest Rate			Trade Date		Maturity Date¹		Face Value		Face Value Including Accrued Interest		Type of Non-Cash Underlying Collateral	Remaining Contractual Maturity of the Agreements¹
Deutsche Bank Securities, Inc.		1.70	%		3/16/17		Open	$	546,000	$	547,960	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/16/17		Open		466,000		467,672	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/16/17		Open		593,000		595,128	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/16/17		Open		423,000		424,518	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/16/17		Open		418,000		419,500	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/16/17		Open		660,000		662,369	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/16/17		Open		250,000		250,897	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/16/17		Open		549,000		550,970	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/16/17		Open		333,000		334,195	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/16/17		Open		1,145,000		1,149,109	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/16/17		Open		146,913		147,440	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/16/17		Open		481,000		482,726	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/16/17		Open		289,000		290,037	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/16/17		Open		922,000		925,309	Capital Trusts	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/16/17		Open		307,000		308,102	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/16/17		Open		921,000		924,305	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/16/17		Open		316,000		317,134	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/16/17		Open		560,000		562,010	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/16/17		Open		814,000		816,921	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/16/17		Open		379,000		380,360	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/16/17		Open		489,000		490,755	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/16/17		Open		1,052,000		1,055,776	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/16/17		Open		499,000		500,791	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/16/17		Open		286,000		287,026	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/16/17		Open		729,000		731,616	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/16/17		Open		271,000		271,973	Corporate Bonds	Open/Demand



BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2017	39


Schedule of Investments (continued)		BlackRock Limited Duration Income Trust (BLW)


Reverse Repurchase Agreements (continued)
Counterparty	Interest Rate			Trade Date		Maturity Date¹		Face Value		Face Value Including Accrued Interest		Type of Non-Cash Underlying Collateral	Remaining Contractual Maturity of the Agreements¹
Deutsche Bank Securities, Inc.		1.70	%		3/16/17		Open	$	620,000	$	622,225	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/16/17		Open		33,000		33,118	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/16/17		Open		945,000		948,392	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/16/17		Open		398,000		399,428	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/16/17		Open		466,000		467,672	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/16/17		Open		397,000		398,425	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/16/17		Open		992,000		995,560	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/16/17		Open		328,000		329,177	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/16/17		Open		1,007,000		1,010,614	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/16/17		Open		524,000		525,881	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/16/17		Open		421,000		422,511	Capital Trusts	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/16/17		Open		165,000		165,592	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/16/17		Open		331,000		332,188	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/16/17		Open		781,000		783,803	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/16/17		Open		218,000		218,782	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/16/17		Open		232,000		232,833	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/16/17		Open		440,000		441,579	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/16/17		Open		959,000		962,442	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/16/17		Open		707,000		709,537	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/16/17		Open		1,096,000		1,099,933	Capital Trusts	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/16/17		Open		1,287,000		1,291,619	Capital Trusts	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/16/17		Open		1,310,000		1,314,701	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/16/17		Open		1,504,000		1,509,398	Capital Trusts	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/16/17		Open		329,000		330,181	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/16/17		Open		216,000		216,775	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/16/17		Open		416,000		417,493	Corporate Bonds	Open/Demand



40	BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2017


Schedule of Investments (continued)		BlackRock Limited Duration Income Trust (BLW)


Reverse Repurchase Agreements (continued)
Counterparty	Interest Rate			Trade Date		Maturity Date¹		Face Value		Face Value Including Accrued Interest		Type of Non-Cash Underlying Collateral	Remaining Contractual Maturity of the Agreements¹
Deutsche Bank Securities, Inc.		1.70	%		3/16/17		Open	$	539,000	$	540,934	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/16/17		Open		646,000		648,318	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/16/17		Open		363,000		364,303	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/16/17		Open		702,000		704,519	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/16/17		Open		298,000		299,070	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/16/17		Open		222,000		222,797	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/16/17		Open		675,000		677,423	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/16/17		Open		938,000		941,366	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/16/17		Open		562,000		564,017	Capital Trusts	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/16/17		Open		161,000		161,578	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/16/17		Open		279,000		280,001	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/16/17		Open		214,000		214,768	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/16/17		Open		2,122,000		2,129,616	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/16/17		Open		275,000		275,987	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/16/17		Open		925,000		928,320	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/16/17		Open		2,111,000		2,118,576	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/16/17		Open		2,496,000		2,504,958	Capital Trusts	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/16/17		Open		1,724,000		1,730,187	Capital Trusts	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/16/17		Open		128,000		128,459	Corporate Bonds	Open/Demand
UBS Ltd.		1.25	%		3/16/17		Open		2,970,000		2,977,838	Capital Trusts	Open/Demand
UBS Ltd.		1.25	%		3/16/17		Open		1,282,065		1,285,448	Corporate Bonds	Open/Demand
UBS Ltd.		1.25	%		3/16/17		Open		2,647,500		2,654,486	Capital Trusts	Open/Demand
UBS Ltd.		1.50	%		3/16/17		Open		1,112,875		1,116,399	Corporate Bonds	Open/Demand
UBS Ltd.		1.50	%		3/16/17		Open		225,000		225,713	Corporate Bonds	Open/Demand
UBS Ltd.		1.50	%		3/16/17		Open		265,633		266,474	Corporate Bonds	Open/Demand
UBS Ltd.		1.50	%		3/16/17		Open		373,450		374,633	Corporate Bonds	Open/Demand
UBS Ltd.		1.50	%		3/16/17		Open		303,365		304,326	Floating Rate Loan Interests	Open/Demand
UBS Ltd.		1.50	%		3/16/17		Open		160,650		161,159	Corporate Bonds	Open/Demand
UBS Ltd.		1.50	%		3/16/17		Open		770,625		773,065	Corporate Bonds	Open/Demand
UBS Ltd.		1.50	%		3/16/17		Open		1,091,981		1,095,439	Corporate Bonds	Open/Demand
UBS Ltd.		1.50	%		3/16/17		Open		1,665,000		1,670,273	Capital Trusts	Open/Demand
UBS Ltd.		1.50	%		3/16/17		Open		4,581,250		4,595,757	Capital Trusts	Open/Demand



BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2017	41


Schedule of Investments (continued)		BlackRock Limited Duration Income Trust (BLW)


Reverse Repurchase Agreements (continued)
Counterparty	Interest Rate			Trade Date		Maturity Date¹		Face Value		Face Value Including Accrued Interest		Type of Non-Cash Underlying Collateral	Remaining Contractual Maturity of the Agreements¹
UBS Ltd.		1.50	%		3/16/17		Open	$	501,188	$	502,775	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/17/17		Open		234,769		235,611	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/17/17		Open		884,319		887,493	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/17/17		Open		175,000		175,603	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/17/17		Open		267,000		267,920	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/17/17		Open		636,215		638,498	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/17/17		Open		685,913		688,374	Capital Trusts	Open/Demand
Barclays Capital, Inc.		0.50	%		3/20/17		Open		269,600		269,870	Corporate Bonds	Open/Demand
Barclays Capital, Inc.		1.50	%		3/20/17		Open		3,327,188		3,337,169	Capital Trusts	Open/Demand
Barclays Capital, Inc.		1.75	%		3/20/17		Open		1,242,403		1,246,751	Capital Trusts	Open/Demand
Citigroup Global Markets, Inc.		—			3/21/17		Open		243,200		243,200	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/21/17		Open		172,000		172,577	Corporate Bonds	Open/Demand
BNP Paribas S.A.		1.36	%		3/22/17		Open		389,000		390,029	Corporate Bonds	Open/Demand
BNP Paribas S.A.		1.36	%		3/22/17		Open		550,000		551,454	Corporate Bonds	Open/Demand
BNP Paribas S.A.		1.36	%		3/22/17		Open		3,772,000		3,781,975	Corporate Bonds	Open/Demand
BNP Paribas S.A.		1.71	%		3/22/17		Open		231,000		231,768	Corporate Bonds	Open/Demand
BNP Paribas S.A.		1.71	%		3/22/17		Open		335,000		336,114	Corporate Bonds	Open/Demand
BNP Paribas S.A.		1.71	%		3/22/17		Open		406,000		407,350	Corporate Bonds	Open/Demand
BNP Paribas S.A.		1.71	%		3/22/17		Open		550,000		551,829	Corporate Bonds	Open/Demand
BNP Paribas S.A.		1.71	%		3/22/17		Open		431,000		432,433	Corporate Bonds	Open/Demand
BNP Paribas S.A.		1.71	%		3/22/17		Open		658,000		660,188	Corporate Bonds	Open/Demand
BNP Paribas S.A.		1.71	%		3/22/17		Open		852,000		854,833	Corporate Bonds	Open/Demand
BNP Paribas S.A.		1.71	%		3/22/17		Open		1,756,000		1,761,839	Corporate Bonds	Open/Demand
BNP Paribas S.A.		1.71	%		3/22/17		Open		363,000		364,207	Corporate Bonds	Open/Demand
BNP Paribas S.A.		1.71	%		3/22/17		Open		968,000		971,219	Corporate Bonds	Open/Demand
BNP Paribas S.A.		1.71	%		3/22/17		Open		1,295,000		1,299,306	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/22/17		Open		603,717		605,684	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.70	%		3/23/17		Open		65,600		65,805	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/30/17		Open		152,000		152,424	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.70	%		3/30/17		Open		1,074,140		1,077,133	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		3/31/17		Open		351,000		351,961	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.70	%		3/31/17		Open		121,275		121,607	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.70	%		3/31/17		Open		298,620		299,438	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.70	%		4/05/17		Open		797,940		800,012	Corporate Bonds	Open/Demand
Barclays Capital, Inc.		(0.50	)%		4/06/17		Open		82,225		82,162	Corporate Bonds	Open/Demand
Barclays Capital, Inc.		1.75	%		4/06/17		Open		469,219		470,405	Corporate Bonds	Open/Demand



42	BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2017


Schedule of Investments (continued)		BlackRock Limited Duration Income Trust (BLW)


Reverse Repurchase Agreements (continued)
Counterparty	Interest Rate			Trade Date		Maturity Date¹		Face Value		Face Value Including Accrued Interest		Type of Non-Cash Underlying Collateral	Remaining Contractual Maturity of the Agreements¹
RBC Capital Markets LLC		1.34	%		4/06/17		Open	$	140,738	$	141,026	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.34	%		4/06/17		Open		552,900		554,032	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.34	%		4/06/17		Open		132,300		132,571	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.34	%		4/06/17		Open		218,550		218,997	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.34	%		4/06/17		Open		289,750		290,343	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.34	%		4/06/17		Open		1,771,200		1,774,826	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.34	%		4/06/17		Open		145,725		146,023	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.34	%		4/06/17		Open		320,450		321,106	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.70	%		4/06/17		Open		821,100		823,233	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.70	%		4/06/17		Open		437,340		438,476	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.70	%		4/06/17		Open		111,375		111,664	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.70	%		4/06/17		Open		687,150		688,935	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.70	%		4/06/17		Open		914,760		917,136	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.70	%		4/06/17		Open		299,213		299,990	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.70	%		4/06/17		Open		331,280		332,140	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.70	%		4/06/17		Open		894,735		897,059	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.70	%		4/06/17		Open		670,455		672,196	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.70	%		4/06/17		Open		564,475		565,941	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.70	%		4/06/17		Open		1,349,220		1,352,724	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.70	%		4/06/17		Open		1,624,470		1,628,689	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.70	%		4/06/17		Open		257,550		258,219	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.70	%		4/06/17		Open		118,695		119,003	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.70	%		4/06/17		Open		158,400		158,811	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.70	%		4/06/17		Open		121,125		121,440	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.70	%		4/06/17		Open		170,000		170,442	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.70	%		4/06/17		Open		512,940		514,272	Corporate Bonds	Open/Demand



BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2017	43


Schedule of Investments (continued)		BlackRock Limited Duration Income Trust (BLW)


Reverse Repurchase Agreements (continued)
Counterparty	Interest Rate			Trade Date		Maturity Date¹		Face Value		Face Value Including Accrued Interest		Type of Non-Cash Underlying Collateral	Remaining Contractual Maturity of the Agreements¹
RBC Capital Markets LLC		1.70	%		4/06/17		Open	$	477,125	$	478,364	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.70	%		4/06/17		Open		546,888		548,308	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.70	%		4/06/17		Open		430,550		431,668	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.70	%		4/06/17		Open		323,635		324,476	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.70	%		4/06/17		Open		548,405		549,829	Corporate Bonds	Open/Demand
BNP Paribas S.A.		1.71	%		4/07/17		Open		513,000		514,243	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		4/07/17		Open		127,000		127,306	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.34	%		4/07/17		Open		97,008		97,192	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.34	%		4/07/17		Open		39,856		39,932	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.70	%		4/07/17		Open		407,680		408,662	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.70	%		4/07/17		Open		218,592		219,118	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		4/13/17		Open		219,664		220,120	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.70	%		4/17/17		Open		221,650		222,100	Corporate Bonds	Open/Demand
BNP Paribas S.A.		1.95	%		4/18/17		Open		1,967,000		1,971,688	Foreign Agency Obligations	Open/Demand
BNP Paribas S.A.		1.95	%		4/18/17		Open		3,808,000		3,817,076	Foreign Agency Obligations	Open/Demand
Credit Suisse Securities (USA) LLC		1.75	%		4/18/17		Open		1,831,639		1,835,556	Foreign Agency Obligations	Open/Demand
Credit Suisse Securities (USA) LLC		1.75	%		4/18/17		Open		2,440,240		2,445,459	Foreign Agency Obligations	Open/Demand
RBC Capital Markets LLC		1.70	%		4/18/17		Open		342,000		342,711	Corporate Bonds	Open/Demand
Credit Suisse Securities (USA) LLC		1.25	%		4/19/17		Open		846,143		847,377	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		4/19/17		Open		660,000		661,309	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		4/19/17		Open		1,565,000		1,568,104	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		4/19/17		Open		1,097,000		1,099,176	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		4/19/17		Open		673,000		674,335	Corporate Bonds	Open/Demand
HSBC Securities (USA), Inc.		1.25	%		4/19/17		Open		2,983,000		2,987,350	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.34	%		4/19/17		Open		1,451,250		1,453,519	Corporate Bonds	Open/Demand



44	BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2017


Schedule of Investments (continued)		BlackRock Limited Duration Income Trust (BLW)


Reverse Repurchase Agreements (continued)
Counterparty	Interest Rate			Trade Date		Maturity Date¹		Face Value		Face Value Including Accrued Interest		Type of Non-Cash Underlying Collateral	Remaining Contractual Maturity of the Agreements¹
RBC Capital Markets LLC		1.34	%		4/19/17		Open	$	1,458,188	$	1,460,467	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.34	%		4/19/17		Open		1,187,500		1,189,356	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.70	%		4/19/17		Open		57,000		57,110	Corporate Bonds	Open/Demand
BNP Paribas S.A.		1.75	%		4/20/17		Open		160,000		160,296	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		4/20/17		Open		165,000		165,296	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		4/20/17		Open		339,000		339,608	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		4/20/17		Open		388,000		388,696	Corporate Bonds	Open/Demand
UBS Ltd.		1.50	%		4/20/17		Open		1,106,850		1,108,603	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		4/26/17		Open		282,000		282,453	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		4/28/17		Open		2,069,000		2,071,931	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.70	%		4/28/17		Open		228,200		228,523	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.70	%		4/28/17		Open		509,040		509,761	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		5/01/17		Open		468,000		468,641	Corporate Bonds	Open/Demand
Credit Suisse Securities (USA) LLC		(1.00	)%		5/03/17		Open		764,569		763,995	Corporate Bonds	Open/Demand
J.P. Morgan Securities LLC		1.30	%		5/04/17		6/02/17		4,293,000		4,297,186	U.S. Government Sponsored Agency Securities	Up to 30 Days
Deutsche Bank Securities, Inc.		1.70	%		5/04/17		Open		171,000		171,226	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.70	%		5/05/17		Open		583,940		584,574	Corporate Bonds	Open/Demand
UBS Ltd.		1.50	%		5/05/17		Open		307,860		308,155	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.70	%		5/08/17		Open		562,273		562,910	Corporate Bonds	Open/Demand
HSBC Securities (USA), Inc.		0.97	%		5/10/17		6/13/17		1,161,000		1,161,657	U.S. Government Sponsored Agency Securities	Up to 30 Days
HSBC Securities (USA), Inc.		0.97	%		5/10/17		6/13/17		255,000		255,144	U.S. Government Sponsored Agency Securities	Up to 30 Days
UBS Ltd.		1.50	%		5/10/17		Open		369,786		370,125	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		5/11/17		Open		816,000		816,655	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		5/12/17		Open		867,000		867,655	Corporate Bonds	Open/Demand



BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2017	45


Schedule of Investments (continued)		BlackRock Limited Duration Income Trust (BLW)


Reverse Repurchase Agreements (continued)
Counterparty	Interest Rate			Trade Date		Maturity Date¹		Face Value		Face Value Including Accrued Interest		Type of Non-Cash Underlying Collateral	Remaining Contractual Maturity of the Agreements¹
Deutsche Bank Securities, Inc.		1.70	%		5/12/17		Open	$	231,000	$	231,175	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		5/17/17		Open		213,000		213,151	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.34	%		5/17/17		Open		283,650		283,808	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.34	%		5/17/17		Open		392,038		392,256	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.34	%		5/17/17		Open		263,313		263,460	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.34	%		5/17/17		Open		1,406,250		1,407,035	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.34	%		5/17/17		Open		423,863		424,099	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.34	%		5/17/17		Open		539,738		540,039	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.70	%		5/17/17		Open		385,280		385,553	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.70	%		5/17/17		Open		346,133		346,378	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.70	%		5/17/17		Open		257,550		257,732	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.70	%		5/17/17		Open		242,150		242,322	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.70	%		5/17/17		Open		332,920		333,156	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.70	%		5/17/17		Open		200,200		200,342	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.70	%		5/17/17		Open		190,500		190,635	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.70	%		5/17/17		Open		260,663		260,847	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.70	%		5/17/17		Open		703,010		703,442	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.70	%		5/17/17		Open		320,243		320,469	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.70	%		5/17/17		Open		331,170		331,405	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.70	%		5/17/17		Open		408,315		408,604	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.70	%		5/17/17		Open		198,000		198,140	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.70	%		5/17/17		Open		175,821		175,946	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		(1.25	)%		5/19/17		Open		581,830		581,648	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.70	%		5/19/17		Open		317,300		317,435	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		5/22/17		Open		1,159,000		1,159,547	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		5/22/17		Open		811,000		811,383	Corporate Bonds	Open/Demand



46	BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2017


Schedule of Investments (continued)		BlackRock Limited Duration Income Trust (BLW)


Reverse Repurchase Agreements (concluded)
Counterparty	Interest Rate			Trade Date		Maturity Date¹		Face Value		Face Value Including Accrued Interest		Type of Non-Cash Underlying Collateral		Remaining Contractual Maturity of the Agreements¹
Deutsche Bank Securities, Inc.		1.70	%		5/22/17		Open	$	1,194,000	$	1,194,564		Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		5/22/17		Open		1,028,000		1,028,485		Capital Trusts	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		5/22/17		Open		1,980,000		1,980,935		Foreign Agency Obligations	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		5/22/17		Open		2,853,000		2,854,347		Foreign Agency Obligations	Open/Demand
RBC Capital Markets LLC		1.34	%		5/22/17		Open		497,900		498,067		Corporate Bonds	Open/Demand
BNP Paribas S.A.		1.71	%		5/23/17		Open		284,000		284,094		Corporate Bonds	Open/Demand
HSBC Securities (USA), Inc.		1.50	%		5/23/17		Open		517,000		517,172		Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		5/24/17		Open		69,000		69,020		Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.70	%		5/24/17		Open		1,065,050		1,065,352		Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.70	%		5/25/17		Open		218,040		218,061		Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		5/26/17		Open		609,000		609,029		Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.70	%		5/31/17		Open		923,000		923,000		Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.70	%		5/31/17		Open		408,135		408,135		Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.70	%		5/31/17		Open		98,685		98,685		Corporate Bonds	Open/Demand
Total								$	264,213,637	$	265,086,137

¹ Certain agreements have no stated maturity and can be terminated by either party at any time.


Derivative Financial Instruments Outstanding as of Period End


Futures Contracts
Contracts Long (Short)	Issue	Expiration	Notional Value			Unrealized Appreciation (Depreciation)
(1)	Euro BOBL	June 2017		USD	148,496	$	527
(3)	Euro Bund Future	June 2017		USD	547,026		1,492
(43)	2-Year U.S. Treasury Note	September 2017		USD	9,308,828		(8,470	)
(3)	5-Year U.S. Treasury Note	September 2017		USD	354,938		(707	)
34	5-Year U.S. Treasury Note	September 2017		USD	4,022,625		7,622
(489)	10-Year U.S. Treasury Note	September 2017		USD	61,759,172		(214,212	)
(88)	10-Year U.S. Ultra Long Treasury Note	September 2017		USD	11,944,625		(59,843	)
(82)	Long U.S. Treasury Bond	September 2017		USD	12,612,625		(114,077	)
(1)	UK Long Gilt Bond	September 2017		USD	164,844		(207	)
7	Ultra Long U.S. Treasury Bond	September 2017		USD	1,155,875		16,530
Total						$	(371,345	)



BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2017	47


Schedule of Investments (continued)		BlackRock Limited Duration Income Trust (BLW)


Forward Foreign Currency Exchange Contracts
Currency Purchased		Currency Sold		Counterparty	Settlement Date		Unrealized Appreciation (Depreciation)
BRL	1,474,760	USD	454,654	Morgan Stanley & Co. International PLC		6/02/17	$	1,089
BRL	5,791,951	USD	1,785,600	Royal Bank of Scotland PLC		6/02/17		4,276
USD	460,000	BRL	1,474,760	Morgan Stanley & Co. International PLC		6/02/17		4,257
USD	379,481	GBP	293,000	JPMorgan Chase Bank N.A.		6/06/17		1,927
USD	2,063,187	GBP	1,593,000	JPMorgan Chase Bank N.A.		6/06/17		10,476
USD	12,240,538	GBP	9,451,000	JPMorgan Chase Bank N.A.		6/06/17		62,150
USD	73,733	GBP	57,000	Morgan Stanley & Co. International PLC		6/06/17		284
CHF	8,233,456	EUR	7,505,000	Citibank N.A.		6/15/17		71,589
EUR	2,920,000	CHF	3,123,106	BNP Paribas S.A.		6/15/17		55,140
EUR	2,910,000	GBP	2,474,609	Bank of America N.A.		6/15/17		81,463
EUR	2,880,000	USD	3,145,892	Citibank N.A.		6/15/17		91,484
GBP	2,460,000	CAD	4,160,282	Goldman Sachs International		6/15/17		90,356
GBP	50,000	CAD	84,666	Royal Bank of Canada		6/15/17		1,757
GBP	1,239,083	EUR	1,420,000	Citibank N.A.		6/15/17		903
GBP	2,500,000	USD	3,057,656	BNP Paribas S.A.		6/15/17		164,707
GBP	1,230,000	USD	1,559,778	Barclays Bank PLC		6/15/17		25,625
GBP	15,000	USD	19,040	Northern Trust Co.		6/15/17		294
JPY	174,882,221	USD	1,570,000	BNP Paribas S.A.		6/15/17		9,901
NOK	40,213,855	AUD	6,210,000	Morgan Stanley & Co. International PLC		6/15/17		147,060
NOK	26,624,088	USD	3,110,000	BNP Paribas S.A.		6/15/17		41,657
NZD	4,429,151	AUD	4,040,000	BNP Paribas S.A.		6/15/17		135,909
NZD	2,263,773	AUD	2,110,000	Bank of America N.A.		6/15/17		35,941
NZD	4,460,000	CAD	4,164,598	BNP Paribas S.A.		6/15/17		75,360
NZD	2,233,483	EUR	1,400,000	Citibank N.A.		6/15/17		8,245
NZD	2,280,000	USD	1,574,811	BNP Paribas S.A.		6/15/17		40,107
SEK	27,664,252	GBP	2,430,000	BNP Paribas S.A.		6/15/17		53,084
USD	3,120,000	JPY	342,505,020	BNP Paribas S.A.		6/15/17		25,779
USD	1,570,000	NOK	13,173,724	Citibank N.A.		6/15/17		10,545
CAD	2,913,984	AUD	2,905,000	Barclays Bank PLC		6/27/17		438
NOK	107,770,000	SEK	110,484,187	Bank of America N.A.		7/03/17		26,286
NOK	13,450,000	SEK	13,712,974	Barclays Bank PLC		7/03/17		12,013
NOK	13,450,000	SEK	13,722,282	Barclays Bank PLC		7/03/17		10,941
NOK	13,450,000	SEK	13,660,506	Credit Suisse International		7/03/17		18,061
SEK	13,824,677	NOK	13,450,000	Barclays Bank PLC		7/03/17		862
SEK	13,901,071	NOK	13,450,000	Goldman Sachs International		7/03/17		9,667
CAD	1,048,504	AUD	1,045,535	Barclays Bank PLC		7/27/17		713
CAD	2,110,504	AUD	2,085,000	Barclays Bank PLC		7/27/17		15,932
CAD	2,111,692	AUD	2,085,000	Barclays Bank PLC		7/27/17		16,813
CAD	2,146,022	AUD	2,085,000	Barclays Bank PLC		7/27/17		42,252
CAD	1,704,021	NZD	1,780,000	Barclays Bank PLC		8/14/17		3,795
NZD	1,780,000	CAD	1,697,954	Barclays Bank PLC		8/14/17		702
NZD	2,265,000	CAD	2,140,276	Barclays Bank PLC		8/14/17		15,958
NZD	2,265,000	CAD	2,118,115	Deutsche Bank AG		8/14/17		32,384
NZD	2,265,000	CAD	2,130,772	Deutsche Bank AG		8/14/17		23,002
NZD	2,265,000	CAD	2,115,964	Goldman Sachs International		8/14/17		33,978
NZD	2,265,000	CAD	2,113,302	Morgan Stanley & Co. International PLC		8/14/17		35,952
NZD	2,265,000	CAD	2,117,888	Morgan Stanley & Co. International PLC		8/14/17		32,552



48	BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2017


Schedule of Investments (continued)		BlackRock Limited Duration Income Trust (BLW)


Forward Foreign Currency Exchange Contracts (continued)
Currency Purchased		Currency Sold		Counterparty	Settlement Date		Unrealized Appreciation (Depreciation)
NZD	2,750,000	CAD	2,568,555	Morgan Stanley & Co. International PLC		8/14/17	$	41,622
IDR	3,231,600,000	USD	240,000	Bank of America N.A.		8/15/17		1,383
IDR	3,178,807,898	USD	236,114	Citibank N.A.		8/15/17		1,325
IDR	4,541,938,127	USD	337,314	Citibank N.A.		8/15/17		1,943
IDR	2,361,573,690	USD	175,451	JPMorgan Chase Bank N.A.		8/15/17		945
IDR	3,543,700,160	USD	263,120	JPMorgan Chase Bank N.A.		8/15/17		1,575
GBP	1,225,231	EUR	1,400,000	Barclays Bank PLC		9/26/17		1,914

								1,634,373

BRL	5,564,419	USD	1,757,000	Barclays Bank PLC		6/02/17		(37,437	)
BRL	1,465,675	USD	460,000	Goldman Sachs International		6/02/17		(7,065	)
USD	1,715,454	BRL	5,564,419	Barclays Bank PLC		6/02/17		(4,108	)
USD	451,853	BRL	1,465,675	Goldman Sachs International		6/02/17		(1,082	)
USD	1,757,000	BRL	5,791,951	Royal Bank of Scotland PLC		6/02/17		(32,876	)
USD	108,139	EUR	99,000	Bank of America N.A.		6/06/17		(3,093	)
USD	4,753,232	EUR	4,350,000	Deutsche Bank AG		6/06/17		(134,233	)
USD	14,517,572	EUR	13,286,000	Deutsche Bank AG		6/06/17		(409,980	)
USD	198,554	EUR	182,000	JPMorgan Chase Bank N.A.		6/06/17		(5,933	)
AUD	6,210,000	NOK	40,003,224	Citibank N.A.		6/15/17		(122,126	)
AUD	1,920,000	NZD	2,056,556	Bank of America N.A.		6/15/17		(30,318	)
AUD	2,110,000	NZD	2,243,816	Citibank N.A.		6/15/17		(21,806	)
AUD	2,120,000	NZD	2,277,838	JPMorgan Chase Bank N.A.		6/15/17		(38,475	)
CAD	4,254,021	EUR	2,900,000	BNP Paribas S.A.		6/15/17		(110,000	)
CAD	4,154,729	GBP	2,510,000	Citibank N.A.		6/15/17		(158,915	)
CAD	4,191,606	NZD	4,460,000	Citibank N.A.		6/15/17		(55,362	)
CHF	3,140,868	EUR	2,910,000	Citibank N.A.		6/15/17		(25,546	)
CHF	3,134,217	EUR	2,920,000	State Street Bank and Trust Co.		6/15/17		(43,659	)
EUR	7,505,000	CHF	8,227,651	Barclays Bank PLC		6/15/17		(65,591	)
GBP	1,279,076	EUR	1,490,000	Citibank N.A.		6/15/17		(26,234	)
GBP	2,430,000	SEK	27,370,393	BNP Paribas S.A.		6/15/17		(19,249	)
JPY	171,411,555	USD	1,550,000	Bank of America N.A.		6/15/17		(1,453	)
NZD	2,200,547	GBP	1,210,000	Citibank N.A.		6/15/17		(982	)
USD	1,570,000	CHF	1,525,542	Citibank N.A.		6/15/17		(6,389	)
USD	3,149,726	EUR	2,880,000	Citibank N.A.		6/15/17		(87,650	)
USD	3,135,361	GBP	2,440,000	BNP Paribas S.A.		6/15/17		(9,665	)
USD	1,554,939	GBP	1,245,000	Barclays Bank PLC		6/15/17		(49,799	)
USD	3,063,671	GBP	2,500,000	State Street Bank and Trust Co.		6/15/17		(158,692	)
USD	1,540,000	NOK	13,065,934	Barclays Bank PLC		6/15/17		(6,695	)
USD	1,594,282	NZD	2,280,000	BNP Paribas S.A.		6/15/17		(20,636	)
AUD	2,905,000	CAD	2,965,845	Citibank N.A.		6/27/17		(38,847	)
NOK	13,450,000	SEK	13,835,813	Barclays Bank PLC		7/03/17		(2,146	)
NOK	13,450,000	SEK	13,918,114	Credit Suisse International		7/03/17		(11,632	)
SEK	13,784,663	NOK	13,450,000	Barclays Bank PLC		7/03/17		(3,750	)
SEK	33,113,375	NOK	32,275,000	Citibank N.A.		7/03/17		(4,930	)
USD	4,661,538	EUR	4,143,000	Deutsche Bank AG		7/06/17		(1,007	)
USD	14,208,520	EUR	12,628,000	Deutsche Bank AG		7/06/17		(3,070	)
USD	375,594	GBP	292,000	Deutsche Bank AG		7/06/17		(1,044	)
USD	2,113,358	GBP	1,643,000	Deutsche Bank AG		7/06/17		(5,876	)
USD	12,125,762	GBP	9,427,000	Deutsche Bank AG		7/06/17		(33,716	)
IDR	23,758,540,000	USD	1,781,000	BNP Paribas S.A.		7/24/17		(2,766	)
IDR	54,360,500,000	USD	4,075,000	JPMorgan Chase Bank N.A.		7/24/17		(6,329	)
AUD	2,085,000	CAD	2,090,315	Barclays Bank PLC		7/27/17		(972	)



BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2017	49


Schedule of Investments (continued)		BlackRock Limited Duration Income Trust (BLW)


Forward Foreign Currency Exchange Contracts (concluded)
Currency Purchased		Currency Sold		Counterparty	Settlement Date		Unrealized Appreciation (Depreciation)
AUD	2,085,000	CAD	2,094,887	Barclays Bank PLC		7/27/17	$	(4,360	)
AUD	2,085,000	CAD	2,099,291	Barclays Bank PLC		7/27/17		(7,623	)
AUD	2,085,000	CAD	2,111,033	Barclays Bank PLC		7/27/17		(16,325	)
AUD	2,905,000	CAD	2,911,179	Barclays Bank PLC		7/27/17		(445	)
AUD	2,085,000	CAD	2,128,420	Credit Suisse International		7/27/17		(29,208	)
CAD	6,039,112	AUD	6,029,465	Morgan Stanley & Co. International PLC		7/27/17		(1,430	)
CAD	2,138,772	NZD	2,265,000	Barclays Bank PLC		8/14/17		(17,072	)
CAD	2,147,811	NZD	2,265,000	Barclays Bank PLC		8/14/17		(10,372	)
CAD	2,149,064	NZD	2,265,000	Barclays Bank PLC		8/14/17		(9,443	)
CAD	2,158,076	NZD	2,265,000	Barclays Bank PLC		8/14/17		(2,763	)
CAD	2,121,410	NZD	2,265,000	Deutsche Bank AG		8/14/17		(29,941	)
CAD	2,124,140	NZD	2,265,000	Deutsche Bank AG		8/14/17		(27,918	)
CAD	2,125,225	NZD	2,265,000	Deutsche Bank AG		8/14/17		(27,114	)
CAD	2,137,141	NZD	2,265,000	Deutsche Bank AG		8/14/17		(18,281	)
NOK	13,117,653	CAD	2,115,000	JPMorgan Chase Bank N.A.		8/28/17		(13,488	)
USD	148,718	EUR	137,859	Citibank N.A.		2/21/18		(8,391	)
USD	245,034	EUR	227,918	Deutsche Bank AG		2/21/18		(14,709	)
USD	243,365	EUR	226,375	Morgan Stanley & Co. International PLC		2/21/18		(14,620	)

								(2,064,637	)
Total							$	(430,264	)

OTC Interest Rate Swaptions Purchased

Description

Counterparty

Put/
Call

Exercise
Rate

Pay/Receive
Exercise Rate

Floating Rate
Index

Expiration
Date

Notional
Amount
(000)

Value

10-Year Interest Rate Swap

JPMorgan Chase Bank N.A.

Put

2.75

Pay

3-Month LIBOR

7/05/17

USD

3,000

10-Year Interest Rate Swap

JPMorgan Chase Bank N.A.

Put

2.65

Pay

3-Month LIBOR

9/01/17

USD

1,300

1,648

10-Year Interest Rate Swap

JPMorgan Chase Bank N.A.

Put

2.75

Pay

3-Month LIBOR

9/01/17

USD

1,300

975

Total

2,681

OTC Options Purchased

Description

Put/
Call

Counterparty

Expiration
Date

Strike
Price

Notional
Amount
(000)

Contracts

Value

NZD Currency

Call

Morgan Stanley & Co. International PLC

06/10/17

CAD

0.95

NZD

18,090

—

202,364

EUR Currency

Call

Deutsche Bank AG

06/22/17

JPY

128.00

EUR

8,360

—

11,448

AUD Currency

Call

Morgan Stanley & Co. International PLC

06/23/17

CAD

1.05

AUD

18,685

—

361

USD Currency

Call

Citibank N.A.

06/28/17

CHF

0.99

USD

12,585

—

13,239

AUD Currency

Call

HSBC Bank PLC

06/29/17

NZD

1.11

AUD

8,395

—

NOK Currency

Call

Deutsche Bank AG

06/29/17

SEK

1.05

NOK

106,360

—

10,964

CAD Currency

Call

JPMorgan Chase Bank N.A.

08/24/17

NOK

6.40

CAD

8,455

—

40,264

EUR Currency

Call

Barclays Bank PLC

09/22/17

GBP

0.90

EUR

11,495

—

96,111

Marsico Parent Superholdco LLC

Call

Goldman Sachs & Co.

12/14/19

USD

942.86

—

EUR Currency

Put

Barclays Bank PLC

06/01/17

AUD

1.45

EUR

11,495

—

EUR Currency

Put

Barclays Bank PLC

06/01/17

AUD

1.41

EUR

11,495

—



50	BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2017


Schedule of Investments (continued)		BlackRock Limited Duration Income Trust (BLW)

OTC Options Purchased (concluded)

Description

Put/
Call

Counterparty

Expiration
Date

Strike
Price

Notional
Amount
(000)

Contracts

Value

EUR Currency

Put

UBS AG

06/14/17

NZD

1.57

EUR

11,460

—

42,406

EUR Currency

Put

UBS AG

06/14/17

NZD

1.53

EUR

11,460

—

2,562

GBP Currency

Put

Citibank N.A.

06/15/17

NOK

10.30

GBP

7,590

—

782

AUD Currency

Put

Citibank N.A.

07/25/17

CAD

1.00

AUD

12,455

—

79,896

NZD Currency

Put

Morgan Stanley & Co. International PLC

08/10/17

CAD

0.95

NZD

18,090

—

122,451

EUR Currency

Put

UBS AG

08/14/17

USD

1.03

EUR

5,895

—

583

Total

623,513

OTC Options Written

Description

Put/
Call

Counterparty

Expiration
Date

Strike
Price

Notional
Amount
(000)

Value

EUR Currency

Call

Deutsche Bank AG

06/22/17

JPY

130.00

EUR

8,360

(2,695

)

AUD Currency

Call

Citibank N.A.

06/23/17

CAD

1.05

AUD

18,685

(375

)

AUD Currency

Call

HSBC Bank PLC

06/29/17

NZD

1.11

AUD

8,395

(81

)

GBP Currency

Call

Credit Suisse International

07/03/17

CAD

1.82

GBP

4,855

(5,255

)

EUR Currency

Put

Barclays Bank PLC

06/01/17

AUD

1.43

EUR

22,985

—

EUR Currency

Put

UBS AG

06/14/17

NZD

1.55

EUR

22,920

(23,996

)

GBP Currency

Put

Citibank N.A.

06/15/17

NOK

10.10

GBP

7,590

(59

)

NOK Currency

Put

Deutsche Bank AG

06/29/17

SEK

1.02

NOK

212,720

(74,395

)

AUD Currency

Put

Morgan Stanley & Co. International PLC

07/25/17

CAD

1.00

AUD

12,455

(80,294

)

CAD Currency

Put

JPMorgan Chase Bank N.A.

08/24/17

NOK

6.00

CAD

12,690

(27,891

)

Total

(215,041

)


Centrally Cleared Credit Default Swaps — Buy Protection
Issuer / Index	Pay Fixed Rate			Expiration Date		Notional Amount (000)			Unrealized Depreciation
Markit iTraxx XO, Series 27, Version 1		5.00	%		6/20/22		EUR	120	$	(3,631	)

Centrally Cleared Credit Default Swaps — Sell Protection

Issuer / Index

Receive
Fixed
Rate

Expiration
Date

Credit Rating¹

Notional
Amount
(000)²

Unrealized
Appreciation

Chesapeake Energy Corp.

5.00

12/20/21

CCC

USD

878

¹Using S&P’s rating of the issuer or the underlying securities of the index, as applicable.

²The maximum potential amount the Fund may pay should a negative credit event take place, as defined under the terms of the agreement.

Centrally Cleared Interest Rate Swaps

Fixed
Rate

Floating
Rate

Effective
Date

Expiration
Date

Notional
Amount
(000)

Unrealized
Appreciation
(Depreciation)

7.16%¹

MXN 28D TIIE

03/24/17

3/20/20

MXN

58,325

22,491

7.17%¹

MXN 28D TIIE

03/24/17

3/20/20

MXN

58,325

21,692

2.54%¹

3-Month LIBOR

N/A

9/04/24

USD

18,700

709,636

2.60%²

3-Month LIBOR

N/A

9/04/24

USD

18,700

(710,996

)

Total

42,823

¹ The Fund pays a floating rate and receives the fixed rate.

² The Fund pays a fixed rate and receives the floating rate.



BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2017	51


Schedule of Investments (continued)		BlackRock Limited Duration Income Trust (BLW)


OTC Credit Default Swaps — Buy Protection
Issuer/Index	Pay Fixed Rate	Counterparty	Expiration Date		Notional Amount (000)			Value			Premiums Paid (Received)			Unrealized Depreciation
Australia & New Zealand Banking Group Ltd.	1.00%	Deutsche Bank AG		9/20/17		USD	1	$	(2	)	$	1		$	(3	)
Westpac Banking Corp.	1.00%	Deutsche Bank AG		9/20/17		USD	1		(2	)		1			(3	)
Federation of Russia	1.00%	Bank of America N.A.		12/20/21		USD	215		2,594			11,598			(9,004	)
Republic of Argentina	5.00%	Barclays Bank PLC		6/20/22		USD	836		(76,670	)		(63,310	)		(13,360	)
Total								$	(74,080	)	$	(51,710	)	$	(22,370	)


OTC Credit Default Swaps — Sell Protection
Issuer/Index	Receive Fixed Rate	Counterparty	Expiration Date	Credit Rating¹		Notional Amount (000)²			Value			Premiums Paid (Received)			Unrealized Appreciation (Depreciation)
Hellenic Telecommunications Organization SA	5.00%	Barclays Bank PLC	12/20/21		B+		EUR	20	$	3,220		$	1,229		$	1,991
International Game Technology	5.00%	Credit Suisse International	6/20/22		BB+		EUR	10		1,265			1,041			224
International Game Technology	5.00%	JPMorgan Chase Bank N.A.	6/20/22		BB+		EUR	30		3,832			3,237			595
Markit CMBX North America, Series 8	3.00%	Barclays Bank PLC	10/17/57		BBB-		USD	5,000		(735,961	)		(523,456	)		(212,505	)
Markit CMBX North America, Series 8	3.00%	Credit Suisse International	10/17/57		BBB-		USD	2,500		(367,980	)		(258,620	)		(109,360	)
Markit CMBX North America, Series 8	3.00%	Morgan Stanley & Co. International PLC	10/17/57		BBB-		USD	4,450		(654,635	)		(613,649	)		(40,986	)
Markit CMBX North America, Series 9	3.00%	Credit Suisse International	9/17/58		BBB-		USD	5,000		(535,511	)		(558,759	)		23,248
Markit CMBX North America, Series 9	3.00%	Credit Suisse International	9/17/58		BBB-		USD	5,000		(535,511	)		(558,759	)		23,248



52	BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2017


Schedule of Investments (continued)		BlackRock Limited Duration Income Trust (BLW)


OTC Credit Default Swaps — Sell Protection (concluded)
Issuer/Index	Receive Fixed Rate		Counterparty		Expiration Date		Credit Rating¹		Notional Amount (000)²			Value			Premiums Paid (Received)			Unrealized Appreciation (Depreciation)
Markit CMBX North America, Series 9		3.00%		Credit Suisse International		9/17/58		BBB-		USD	5,000	$	(535,511	)	$	(552,656	)	$	17,145
Markit CMBX North America, Series 9		3.00%		Morgan Stanley & Co. International PLC		9/17/58		BBB-		USD	7,550		(808,621	)		(961,914	)		153,293
Total												$	(4,165,413	)	$	(4,022,306	)	$	(143,107	)
¹Using S&P’s rating of the issuer or the underlying securities of the index, as applicable.
²The maximum potential amount the Fund may pay should a negative credit event take place, as defined under the terms of the agreement.


OTC Interest Rate Swaps
Fixed Rate	Floating Rate		Counterparty		Effective Date		Expiration Date		Notional Amount (000)			Value			Premiums Paid (Received)		Unrealized Depreciation
9.98%¹		1-day BZDIOVER		JPMorgan Chase Bank N.A.		N/A		1/02/18		BRL	11,660	$	(5,343	)		—	$	(5,343	)
9.98%¹		1-day BZDIOVER		JPMorgan Chase Bank N.A.		3/23/17		1/02/18		BRL	11,660		(5,343	)		—		(5,343	)
9.99%¹		1-day BZDIOVER		Citibank N.A.		3/23/17		1/02/18		BRL	11,660		(5,472	)		—		(5,472	)
9.73%²		1-day BZDIOVER		Citibank N.A.		3/23/17		1/02/20		BRL	6,996		(8,079	)		—		(8,079	)
9.73%²		1-day BZDIOVER		JPMorgan Chase Bank N.A.		3/23/17		1/02/20		BRL	6,996		(8,079	)		—		(8,079	)
9.73%²		1-day BZDIOVER		JPMorgan Chase Bank N.A.		3/23/17		1/02/20		BRL	6,996		(8,079	)		—		(8,079	)
Total												$	(40,395	)		—	$	(40,395	)
¹ The Fund pays a fixed rate and receives the floating rate.
² The Fund pays a floating rate and receives the fixed rate.



BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2017	53


Schedule of Investments (continued)		BlackRock Limited Duration Income Trust (BLW)


Fair Value Hierarchy as of Period End

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

•

Level 1 — unadjusted price quotations in active markets/exchanges for identical assets or liabilities that the Fund has the ability to access

•

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

•

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

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

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



54	BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2017


Schedule of Investments (continued)		BlackRock Limited Duration Income Trust (BLW)

The following tables summarize the Fund’s investments and derivative financial instruments categorized in the disclosure hierarchy:


	Level 1			Level 2			Level 3		Total
Assets:
Investments:
Long-Term Investments:
Asset-Backed Securities		—		$	65,749,779		$	12,088,117	$	77,837,896
Common Stocks	$	2,979			11,754			749,053		763,786
Corporate Bonds		571,451			406,783,004			1,163,602		408,518,057
Floating Rate Loan Interests		—			227,079,492			8,097,230		235,176,722
Foreign Agency Obligations		—			33,873,064			—		33,873,064
Non-Agency Mortgage-Backed Securities		—			51,595,329			—		51,595,329
Other Interests		—			—			10		10
Preferred Securities		14,501,213			56,371,017			—		70,872,230
Rights		—			—			19,050		19,050
U.S. Government Sponsored Agency Securities		—			9,154,472			—		9,154,472
U.S. Treasury Obligations		—			2,966,624			—		2,966,624
Warrants		—			—			24,755		24,755
Short-Term Securities		4,566,530			—			—		4,566,530
Options Purchased		—			626,194			—		626,194
Unfunded floating rate loan interests¹		—			3,009			—		3,009

Subtotal	$	19,642,173		$	854,213,738		$	22,141,817	$	895,997,728

Investments Valued at NAV²										120,166

Total									$	896,117,894


Derivative Financial Instruments³
Assets:
Foreign currency exchange contracts		—		$	1,634,373			—	$	1,634,373
Credit contracts		—			220,622			—		220,622
Interest rate contracts	$	26,171			753,819			—		779,990
Liabilities:
Foreign currency exchange contracts		—			(2,279,678	)				(2,279,678	)
Credit contracts		—			(388,852	)		—		(388,852	)
Interest rate contracts		(397,516	)		(751,391	)		—		(1,148,907	)

Total	$	(371,345	)	$	(811,107	)		—	$	(1,182,452	)

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

As of May 31, 2017, certain Investments of the Fund were fair valued using net asset value (“NAV”) per share as no quoted market value is available and therefore have been excluded from the fair value hierarchy.

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

The Fund may hold assets and/or liabilities in which the fair value approximates the carrying amount for financial reporting purposes. As of period end, reverse repurchase agreements of $265,086,137 are categorized as Level 2 within the disclosure hierarchy.

During the period ended May 31, 2017, there were no transfers between Level 1 and Level 2



BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2017	55


Schedule of Investments (concluded)		BlackRock Limited Duration Income Trust (BLW)

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


	Asset-Backed Securities			Common Stocks			Corporate Bonds			Floating Rate Loan Interests			Other Interests			Rights		Warrants		Grand Total
Assets:
Opening balance, as of August 31, 2016	$	18,351,873		$	1,167,006		$	1,163,250		$	12,230,322		$	193,629			—	$	6,316	$	33,112,396
Transfers into Level 3¹		—			—			—			1,338,768			—			—		—		1,338,768
Transfers out of Level 3²		(1,955,000	)		—			—			(5,826,145	)		—			—		—		(7,781,145	)
Accrued discounts/premiums		(94,196	)		—			400			14,100			—			—		—		(79,696	)
Net realized gain (loss)		(696,263	)		685,716			(374,996	)		(268,133	)		193,619			—		—		(460,057	)
Net change in unrealized appreciation (depreciation)³		1,609,510			198,134			371,349			430,174			(193,619	)	$	19,050		18,439		2,453,037
Purchases		9,685,585						3,599			4,460,074			—					—		14,149,258
Sales		(14,813,392	)		(1,301,803	)					(4,281,930	)		(193,619	)		—		—		(20,590,744	)
Closing balance, as of May 31, 2017	$	12,088,117		$	749,053		$	1,163,602		$	8,097,230		$	10		$	19,050	$	24,755	$	22,141,817
Net change in unrealized appreciation (depreciation) on investments still held at May 31, 2017³	$	105,402		$	563,156		$	(3,247	)	$	82,258			—		$	19,050	$	18,439	$	785,058
¹ As of August 31, 2016, the Fund used observable inputs in determining the value of certain investments. As of May 31, 2017, the Fund used significant unobservable inputs in determining the value of the same investments. As a result, investments at beginning of period value were transferred from Level 2 to Level 3 in the disclosure hierarchy.
² As of August 31, 2016, the Fund used significant unobservable inputs in determining the value of certain investments. As of May 31, 2017, the Fund used observable inputs in determining the value of the same investments. As a result, investments at beginning of period value were transferred from Level 3 to Level 1 in the disclosure hierarchy.
³ Any difference between net change in unrealized appreciation (depreciation) and net change in unrealized appreciation (depreciation) on investments still held at May 31, 2017 is generally due to investments no longer held or categorized as Level 3 at period end.

The Fund’s investments 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 investments.



56	BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2017

Item 2 – Controls and Procedures

2(a) –

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

2(b) –

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

Item 3 – Exhibits

Certifications – Attached hereto

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

BlackRock Limited Duration Income Trust


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

Date: July 24, 2017

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


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

Date: July 24, 2017

By:		/s/ Neal J. Andrews
		Neal J. Andrews
		Chief Financial Officer (principal financial officer) of
		BlackRock Limited Duration Income Trust

Date: July 24, 2017