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 52nd Street, New York, NY 10055
Registrants telephone number, including area code: (800) 882-0052, Option 4
Date of fiscal year end: 08/31/2018
Date of reporting period:
11/30/2017
Item 1 Schedule of Investments
|
|
|
Schedule of Investments (unaudited)
November 30, 2017 |
|
BlackRock Limited Duration Income Trust (BLW)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Shares/ Par (000) |
|
|
Value |
|
Common Stocks 0.2% |
|
|
Chemicals 0.0% |
|
LyondellBasell Industries NV, Class A |
|
|
|
|
|
|
37 |
|
|
$ |
3,874 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diversified Financial Services 0.2% |
|
Kcad Holdings I Ltd.(a)(b) |
|
|
|
|
|
|
546,753,937 |
|
|
|
1,044,300 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Health Care Management Services 0.0% |
|
New Millennium HoldCo, Inc.(b) |
|
|
|
|
|
|
8,511 |
|
|
|
2,392 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Hotels, Restaurants & Leisure 0.0% |
|
Caesars Entertainment Corp.(b) |
|
|
|
|
|
|
8,330 |
|
|
|
110,372 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Household Durables 0.0% |
|
Berkline Benchcraft Equity LLC(a) |
|
|
|
|
|
|
3,155 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Metals & Mining 0.0% |
|
Ameriforge Group, Inc. |
|
|
|
|
|
|
801 |
|
|
|
32,040 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Common Stocks 0.2% (Cost $6,250,607) |
|
|
|
|
|
|
|
1,192,978 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Asset-Backed Securities 13.7% |
|
|
Asset-Backed Securities 13.6% |
|
AIMCO CLO, Series 2014-AA, Class DR, (3 mo. LIBOR US +
3.25%), 4.61%, 07/20/26(d)(e) |
|
|
USD |
|
|
|
250 |
|
|
|
253,244 |
|
Allegro CLO II Ltd., Series 2014-1A, Class CR, (3 mo. LIBOR US
+ 3.85%), 5.21%, 01/21/27(d)(e) |
|
|
|
|
|
|
1,000 |
|
|
|
1,001,961 |
|
ALM VI Ltd., Series 2012-6A, Class B2RR, (3 mo. LIBOR US +
2.05%), 3.41%, 07/15/26(d)(e) |
|
|
|
|
|
|
1,000 |
|
|
|
1,007,900 |
|
ALM XII Ltd., Series 2015-12A, Class C1R, (3 mo. LIBOR US +
3.20%), 4.56%, 04/16/27(d)(e) |
|
|
|
|
|
|
1,000 |
|
|
|
1,014,036 |
|
ALM XIV Ltd., Series 2014-14A, Class C, (3 mo. LIBOR US +
3.45%), 4.83%, 07/28/26(d)(e) |
|
|
|
|
|
|
4,140 |
|
|
|
4,163,125 |
|
ALM XVI Ltd./ALM XVI LLC, Series 2015-16A, Class C2R,
(3 mo. LIBOR US + 3.20%), 4.56%, 07/15/27(d)(e) |
|
|
|
|
|
|
270 |
|
|
|
274,145 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
Asset-Backed Securities (continued) |
|
ALM XVII Ltd., Series 2015-17A, Class D, (3 mo. LIBOR US
+ 6.35%), 7.71%, 01/15/28(d)(e) |
|
|
USD |
|
|
|
1,000 |
|
|
$ |
1,025,155 |
|
AmeriCredit Automobile Receivables, Series 2014-3, Class C,
2.58%, 09/08/20 |
|
|
|
|
|
|
4,850 |
|
|
|
4,874,044 |
|
AMMC CLO Ltd.(d)(e): |
|
|
|
|
|
|
|
|
|
|
|
|
Series 2014-15A, Class D, (3 mo. LIBOR US + 4.20%), 5.52%,
12/09/26 |
|
|
|
|
|
|
2,000 |
|
|
|
2,050,849 |
|
Series 2016-18A, Class E1, (3 mo. LIBOR US + 6.67%), 8.13%,
05/26/28 |
|
|
|
|
|
|
500 |
|
|
|
508,953 |
|
Anchorage Capital CLO Ltd.(e): |
|
|
|
|
|
|
|
|
|
|
|
|
Series 2014-3A, Class D, (3 mo. LIBOR US + 4.75%), 6.13%,
04/28/26(d) |
|
|
|
|
|
|
1,000 |
|
|
|
1,007,644 |
|
Series 2014-4A, Class CR, (3 mo. LIBOR US + 3.40%), 4.78%,
07/28/26(d) |
|
|
|
|
|
|
275 |
|
|
|
278,563 |
|
Series 2014-5A, Class E, (3 mo. LIBOR US + 5.00%), 6.36%,
10/15/26(d) |
|
|
|
|
|
|
1,000 |
|
|
|
1,003,815 |
|
Series 2015-7A, Class DR, 4.06%, 10/15/27(f) |
|
|
|
|
|
|
1,000 |
|
|
|
1,008,409 |
|
Series 2016-8A, Class E, (3 mo. LIBOR US + 6.50%), 7.88%,
07/28/28(d) |
|
|
|
|
|
|
1,000 |
|
|
|
1,023,575 |
|
Series 2016-9A, Class D, (3 mo. LIBOR US + 4.00%), 5.36%,
01/15/29(d) |
|
|
|
|
|
|
350 |
|
|
|
356,749 |
|
Ares XXXII CLO Ltd., Series 2014-32A, Class BR, (3 mo. LIBOR US
+ 2.25%), 3.67%, 11/15/25(d)(e) |
|
|
|
|
|
|
1,250 |
|
|
|
1,258,499 |
|
Ballyrock CLO LLC, Series 2014-1A, Class CR, (3 mo. LIBOR US
+ 3.65%), 5.01%, 10/20/26(d)(e) |
|
|
|
|
|
|
280 |
|
|
|
280,635 |
|
BlueMountain CLO Ltd., Series 2012-2A, Class DR, (3 mo. LIBOR US
+ 4.15%), 5.59%, 11/20/28(d)(e) |
|
|
|
|
|
|
1,000 |
|
|
|
1,024,494 |
|
|
|
|
|
|
SCHEDULES OF INVESTMENTS |
|
|
1 |
|
|
|
|
Schedule of Investments (unaudited) (continued)
November 30, 2017 |
|
BlackRock Limited Duration Income Trust (BLW)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
Asset-Backed Securities (continued) |
|
Carlyle Global Market Strategies CLO
Ltd.(d)(e): |
|
|
|
|
|
|
|
|
|
|
|
|
Series 2014-3A, Class D1, (3 mo. LIBOR US + 5.10%),
6.47%, 07/27/26 |
|
|
USD |
|
|
|
1,000 |
|
|
$ |
1,009,480 |
|
Series 2014-4A, Class E, (3 mo. LIBOR US + 5.20%),
6.56%, 10/15/26 |
|
|
|
|
|
|
500 |
|
|
|
506,161 |
|
Series 2015-1A, Class CR, (3 mo. LIBOR US + 2.00%),
3.36%, 04/20/27 |
|
|
|
|
|
|
600 |
|
|
|
601,800 |
|
CIFC Funding Ltd., Series 2015-1A, Class D, (3 mo. LIBOR US
+ 4.00%), 5.36%, 01/22/27(d)(e) |
|
|
|
|
|
|
600 |
|
|
|
600,184 |
|
Credit Suisse ABS Repackaging Trust, Series 2013-A,
Class B, 2.50%, 01/25/30(e) |
|
|
|
|
|
|
762 |
|
|
|
714,044 |
|
DCP Rights LLC, Series 2014-1A, Class A, 5.46%, 10/25/44(e) |
|
|
|
|
|
|
3,085 |
|
|
|
3,175,262 |
|
Dryden Senior Loan Fund, Series 2014-31A, Class DR, (3 mo.
LIBOR US + 3.35%), 4.70%, 04/18/26(d)(e) |
|
|
|
|
|
|
250 |
|
|
|
251,801 |
|
Highbridge Loan Management Ltd., Series 5A-2015, Class E,
(3 mo. LIBOR US + 5.35%), 6.73%, 01/29/26(d)(e) |
|
|
|
|
|
|
1,000 |
|
|
|
1,005,558 |
|
HPS Loan Management Ltd., Series 9A-2016, Class D2, (3 mo.
LIBOR US + 6.45%), 7.81%, 07/19/27(d)(e) |
|
|
|
|
|
|
1,000 |
|
|
|
1,006,581 |
|
Lendmark Funding Trust, Series 2017-2A, Class A, 2.80%, 05/20/26(e) |
|
|
|
|
|
|
2,240 |
|
|
|
2,239,909 |
|
Litigation Fee Residual Funding,
4.00%, 10/30/27(a) |
|
|
|
|
|
|
1,596 |
|
|
|
1,589,879 |
|
Madison Park Funding XIII Ltd., Series 2014-13A, Class E,
(3 mo. LIBOR US + 5.00%), 6.36%, 01/19/25(d)(e) |
|
|
|
|
|
|
1,250 |
|
|
|
1,254,992 |
|
Madison Park Funding XIV Ltd., Series 2014-14A, Class E,
(3 mo. LIBOR US + 4.75%), 6.11%, 07/20/26(d)(e) |
|
|
|
|
|
|
1,000 |
|
|
|
1,008,885 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
Asset-Backed Securities (continued) |
|
Madison Park Funding XV Ltd., Series 2014-15A, Class B1R,
(3 mo. LIBOR US + 2.20%), 3.57%, 01/27/26(d)(e) |
|
|
USD |
|
|
|
1,500 |
|
|
$ |
1,504,520 |
|
Neuberger Berman CLO XX Ltd., Series 2015-20A,
Class ER, 6.45%, 01/15/28(e)(f) |
|
|
|
|
|
|
1,250 |
|
|
|
1,250,000 |
|
Oaktree CLO Ltd., 1.00%, 10/20/27 |
|
|
|
|
|
|
500 |
|
|
|
500,000 |
|
Octagon Investment Partners LLC, Series 2017-1A, Class E,
(3 mo. LIBOR US + 6.30%), 7.66%, 07/20/30(d)(e) |
|
|
|
|
|
|
500 |
|
|
|
512,614 |
|
Octagon Investment Partners XVIII Ltd., Series 2013-1A,
Class CR, (3 mo. LIBOR US + 3.48%), 4.90%, 12/16/24(d)(e) |
|
|
|
|
|
|
1,000 |
|
|
|
1,005,483 |
|
OHA Loan Funding LLC, Series 2014-1A, Class E,
7.75%, 10/20/26(e) |
|
|
|
|
|
|
2,000 |
|
|
|
2,007,980 |
|
OneMain Financial Issuance Trust, Series 2015-2A, Class C,
4.32%, 07/18/25(e) |
|
|
|
|
|
|
4,000 |
|
|
|
3,997,038 |
|
OZLM IX Ltd., Series 2014-9A Class CR, (3 mo. LIBOR US
+ 3.55%), 4.91%, 01/20/27(d)(e) |
|
|
|
|
|
|
1,000 |
|
|
|
1,003,298 |
|
OZLM VII Ltd., Series 2014-7A, Class CR, (3 mo. LIBOR
US + 3.50%), 4.85%, 07/17/26(d)(e) |
|
|
|
|
|
|
250 |
|
|
|
251,641 |
|
OZLM VIII Ltd., Series 2014-8A(d)(e): |
|
|
|
|
|
|
|
|
|
|
|
|
Class BR, (3 mo. LIBOR US + 2.25%), 3.60%, 10/17/26 |
|
|
|
|
|
|
2,500 |
|
|
|
2,506,647 |
|
Class CR, (3 mo. LIBOR US + 3.40%), 4.75%, 10/17/26 |
|
|
|
|
|
|
500 |
|
|
|
501,218 |
|
OZLM XII Ltd., Series 2015-12A, Class C, (3 mo. LIBOR
US + 3.70%), 5.08%, 04/30/27(d)(e) |
|
|
|
|
|
|
1,000 |
|
|
|
1,008,367 |
|
OZLM XIX Ltd., Series 2017-19A,
Class D, 8.05%, 11/22/30(e)(f) |
|
|
|
|
|
|
500 |
|
|
|
495,000 |
|
OZLM XV Ltd., Series 2016-15A, Class C, (3 mo. LIBOR
US + 4.00%), 5.36%, 01/20/29(d)(e) |
|
|
|
|
|
|
1,000 |
|
|
|
1,021,437 |
|
|
|
|
2 |
|
2017 BLACKROCK QUARTERLY REPORT TO SHAREHOLDERS |
|
|
|
Schedule of Investments (unaudited) (continued)
November 30, 2017 |
|
BlackRock Limited Duration Income Trust (BLW)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
Asset-Backed Securities (continued) |
|
Park Avenue Institutional Advisers CLO Ltd., Series 2017-1A,
Class D, 7.63%, 11/14/29(e)(f) |
|
|
USD |
|
|
|
500 |
|
|
$ |
479,900 |
|
Regatta V Funding Ltd., Series 2014-1A, Class BR, (3 mo. LIBOR
US + 2.30%), 3.67%, 10/25/26(d)(e) |
|
|
|
|
|
|
2,000 |
|
|
|
2,007,078 |
|
Rockford Tower CLO Ltd., Series 2017-1A, Class D, (3 mo. LIBOR
US + 3.25%), 4.61%, 04/15/29(d)(e) |
|
|
|
|
|
|
250 |
|
|
|
253,543 |
|
Santander Drive Auto Receivables Trust: |
|
|
|
|
|
|
|
|
|
|
|
|
Series 2014-3, Class D, 2.65%, 08/17/20 |
|
|
|
|
|
|
4,015 |
|
|
|
4,031,862 |
|
Series 2014-4, Class C, 2.60%, 11/16/20 |
|
|
|
|
|
|
2,407 |
|
|
|
2,414,183 |
|
Series 2014-4, Class D, 3.10%, 11/16/20 |
|
|
|
|
|
|
4,500 |
|
|
|
4,549,427 |
|
Sound Point CLO IV Ltd., Series 2013-3A, Class DR, (3 mo. LIBOR
US + 3.40%), 4.76%, 01/21/26(d)(e) |
|
|
|
|
|
|
800 |
|
|
|
801,806 |
|
Sound Point CLO VII Ltd., Series 2014-3A, Class D, (3 mo. LIBOR
US + 3.60%), 4.96%, 01/23/27(d)(e) |
|
|
|
|
|
|
2,000 |
|
|
|
2,013,172 |
|
Symphony CLO XV Ltd., Series 2014-15A, Class CR, (3 mo. LIBOR US
+ 2.20%), 3.55%, 10/17/26(d)(e) |
|
|
|
|
|
|
1,250 |
|
|
|
1,261,042 |
|
Symphony CLO XVIII Ltd., Series 2016-18A, Class D, (3 mo. LIBOR
US + 4.00%), 5.36%, 01/23/28(d)(e) |
|
|
|
|
|
|
1,000 |
|
|
|
1,023,457 |
|
THL Credit Wind River CLO Ltd., Series 2014-3A, Class E, (3
mo. LIBOR US + 5.60%), 6.96%, 01/22/27(d)(e) |
|
|
|
|
|
|
1,000 |
|
|
|
1,010,563 |
|
TICP CLO VII Ltd., Series 2017-7A, Class E, (3 mo. LIBOR US
+ 6.51%), 7.81%, 07/15/29(d)(e) |
|
|
|
|
|
|
500 |
|
|
|
510,810 |
|
Venture XXVI CLO Ltd., Series 2017-26A(d)(e): |
|
|
|
|
|
|
|
|
|
|
|
|
Class D, (3 mo. LIBOR US + 4.25%), 5.61%, 01/20/29 |
|
|
|
|
|
|
1,000 |
|
|
|
1,033,680 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
Asset-Backed Securities (continued) |
|
Venture XXVI CLO Ltd., Series 2017-26A(d)(e) (continued): |
|
|
|
|
|
|
|
|
|
|
|
|
Class E, (3 mo. LIBOR US + 6.80%), 8.16%, 01/20/29 |
|
|
USD |
|
|
|
500 |
|
|
$ |
516,660 |
|
Vibrant CLO IV Ltd., Series 2016-4A, Class D, (3 mo. LIBOR US
+ 4.50%), 5.86%, 07/20/28(d)(e) |
|
|
|
|
|
|
1,000 |
|
|
|
1,022,994 |
|
Voya CLO Ltd., Series 2014-4A, Class CR, (3 mo. LIBOR US +
3.00%), 4.36%, 10/14/26(d)(e) |
|
|
|
|
|
|
2,500 |
|
|
|
2,523,524 |
|
World Financial Network Credit Card Master Trust, Series 2012-C,
Class B, 3.57%, 08/15/22 |
|
|
|
|
|
|
3,000 |
|
|
|
3,027,109 |
|
York CLO Ltd.(e): |
|
|
|
|
|
|
|
|
|
|
|
|
Series 2015-1A, Class ER, 1.00%, 01/22/31(f)(g) |
|
|
|
|
|
|
250 |
|
|
|
250,000 |
|
Series 2016-1A, Class DR, (3 mo. LIBOR US + 3.60%), 4.96%,
10/20/29(a)(d) |
|
|
|
|
|
|
250 |
|
|
|
254,113 |
|
Series 2016-2A, Class E, (3 mo. LIBOR US + 6.94%), 8.30%,
01/20/30(d) |
|
|
|
|
|
|
1,000 |
|
|
|
1,016,227 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
85,946,724 |
|
Interest Only Asset-Backed Securities 0.1% |
|
Sterling Bank Trust, Series 2004-2, Class Note, 2.08%, 03/30/30(a)(e) |
|
|
|
|
|
|
3,883 |
|
|
|
231,747 |
|
Sterling Coofs Trust, Series 2004-1, Class A, 2.00%, 04/15/29(a) |
|
|
|
|
|
|
3,013 |
|
|
|
138,403 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
370,150 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Asset-Backed Securities 13.7% (Cost $85,401,645) |
|
|
|
|
|
|
|
86,316,874 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Corporate Bonds 62.9% |
|
|
Aerospace & Defense 1.1% |
|
Arconic, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
5.87%, 02/23/22(h) |
|
|
|
|
|
|
730 |
|
|
|
790,298 |
|
5.13%, 10/01/24(h) |
|
|
|
|
|
|
720 |
|
|
|
767,700 |
|
|
|
|
|
|
SCHEDULES OF INVESTMENTS |
|
|
3 |
|
|
|
|
Schedule of Investments (unaudited) (continued)
November 30, 2017 |
|
BlackRock Limited Duration Income Trust (BLW)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
Aerospace & Defense (continued) |
|
|
|
|
|
|
|
|
|
Arconic, Inc. (continued): |
|
|
|
|
|
|
|
|
|
|
|
|
5.90%, 02/01/27 |
|
|
USD |
|
|
|
105 |
|
|
$ |
117,075 |
|
6.75%, 01/15/28 |
|
|
|
|
|
|
76 |
|
|
|
89,115 |
|
5.95%, 02/01/37 |
|
|
|
|
|
|
50 |
|
|
|
54,125 |
|
Bombardier, Inc.(e): |
|
|
|
|
|
|
|
|
|
|
|
|
8.75%, 12/01/21(h) |
|
|
|
|
|
|
530 |
|
|
|
586,318 |
|
6.00%, 10/15/22 |
|
|
|
|
|
|
19 |
|
|
|
18,596 |
|
6.13%, 01/15/23 |
|
|
|
|
|
|
494 |
|
|
|
486,195 |
|
7.50%, 12/01/24 |
|
|
|
|
|
|
248 |
|
|
|
250,083 |
|
7.50%, 03/15/25(h) |
|
|
|
|
|
|
306 |
|
|
|
307,530 |
|
7.45%, 05/01/34 |
|
|
|
|
|
|
188 |
|
|
|
185,180 |
|
EnPro Industries, Inc., 5.88%, 09/15/22 |
|
|
|
|
|
|
111 |
|
|
|
115,440 |
|
KLX, Inc., 5.88%, 12/01/22(e)(h) |
|
|
|
|
|
|
788 |
|
|
|
823,460 |
|
Koppers, Inc., 6.00%, 02/15/25(e) |
|
|
|
|
|
|
225 |
|
|
|
241,661 |
|
Kratos Defense & Security Solutions, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
7.00%, 05/15/19 |
|
|
|
|
|
|
89 |
|
|
|
91,492 |
|
6.50%, 11/30/25(e) |
|
|
|
|
|
|
160 |
|
|
|
164,400 |
|
Moog, Inc., 5.25%, 12/01/22(e) |
|
|
|
|
|
|
270 |
|
|
|
280,463 |
|
Pioneer Holdings LLC/Pioneer Finance Corp., 9.00%, 11/01/22(e)
|
|
|
|
|
|
|
164 |
|
|
|
168,100 |
|
TransDigm, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
6.00%, 07/15/22(h) |
|
|
|
|
|
|
1,070 |
|
|
|
1,103,437 |
|
6.50%, 07/15/24(h) |
|
|
|
|
|
|
378 |
|
|
|
386,505 |
|
6.50%, 05/15/25 |
|
|
|
|
|
|
55 |
|
|
|
56,133 |
|
6.38%, 06/15/26 |
|
|
|
|
|
|
88 |
|
|
|
89,320 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,172,626 |
|
Air Freight & Logistics 0.2% |
|
|
|
|
|
|
|
|
|
XPO Logistics, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
5.75%, 06/15/21 |
|
|
EUR |
|
|
|
100 |
|
|
|
122,494 |
|
6.50%, 06/15/22(e)(h) |
|
|
USD |
|
|
|
1,043 |
|
|
|
1,089,935 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,212,429 |
|
Airlines 2.1% |
|
|
|
|
|
|
|
|
|
Air Canada Pass-Through Trust(e): |
|
|
|
|
|
|
|
|
|
|
|
|
Series 2013-1, Class C, 6.63%, 05/15/18 |
|
|
|
|
|
|
651 |
|
|
|
661,579 |
|
Series 2015-1, Class B, 3.88%, 09/15/24(h) |
|
|
|
|
|
|
1,282 |
|
|
|
1,288,546 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
Airlines (continued) |
|
American Airlines Pass-Through Trust: |
|
|
|
|
|
|
|
|
|
|
|
|
Series 2013-2, Class A, 4.95%, 07/15/24(h) |
|
|
USD |
|
|
|
2,818 |
|
|
$ |
2,994,104 |
|
Series 2013-2, Class B, 5.60%, 01/15/22(e)(h) |
|
|
|
|
|
|
392 |
|
|
|
408,141 |
|
Series 2017-1, Class B, 4.95%, 08/15/26 |
|
|
|
|
|
|
1,540 |
|
|
|
1,614,074 |
|
Avianca Holdings SA/Avianca Leasing LLC/Grupo Taca Holdings Ltd., 8.38%, 05/10/20 |
|
|
|
|
|
|
239 |
|
|
|
244,377 |
|
Continental Airlines Pass-Through Trust, Series 2012-3, Class C,
6.13%, 04/29/18(h) |
|
|
|
|
|
|
230 |
|
|
|
233,450 |
|
Latam Finance Ltd., 6.88%, 04/11/24(e) |
|
|
|
|
|
|
203 |
|
|
|
213,861 |
|
United Airlines Pass-Through Trust: |
|
|
|
|
|
|
|
|
|
|
|
|
Series 2014-2, Class B, 4.63%, 03/03/24(h) |
|
|
|
|
|
|
1,866 |
|
|
|
1,931,504 |
|
Series 2015-1, Class A, 3.70%, 06/01/24 |
|
|
|
|
|
|
2,430 |
|
|
|
2,502,900 |
|
US Airways Pass-Through Trust, Series 2011-1, Class B,
9.75%, 04/22/20 |
|
|
|
|
|
|
321 |
|
|
|
339,426 |
|
Virgin Australia Trust, Series 2013-1(e)(h): |
|
|
|
|
|
|
|
|
|
|
|
|
Class A, 5.00%, 04/23/25 |
|
|
|
|
|
|
350 |
|
|
|
364,011 |
|
Class C, 7.13%, 10/23/18 |
|
|
|
|
|
|
286 |
|
|
|
291,679 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
13,087,652 |
|
Auto Components 0.7% |
|
Allison Transmission, Inc., 5.00%, 10/01/24(e) |
|
|
|
|
|
|
28 |
|
|
|
29,163 |
|
Aptiv PLC, 4.40%, 10/01/46 |
|
|
|
|
|
|
240 |
|
|
|
243,758 |
|
Gestamp Funding Luxembourg SA, 3.50%, 05/15/23 |
|
|
EUR |
|
|
|
100 |
|
|
|
124,629 |
|
Goodyear Tire & Rubber Co., 5.00%, 05/31/26 |
|
|
USD |
|
|
|
67 |
|
|
|
69,365 |
|
HP Pelzer Holding GmbH, 4.13%, 04/01/24 |
|
|
EUR |
|
|
|
100 |
|
|
|
124,143 |
|
Icahn Enterprises LP/Icahn Enterprises Finance Corp.: |
|
|
|
|
|
|
|
|
|
|
|
|
4.88%, 03/15/19(h) |
|
|
USD |
|
|
|
1,314 |
|
|
|
1,318,927 |
|
6.00%, 08/01/20 |
|
|
|
|
|
|
28 |
|
|
|
28,840 |
|
6.25%, 02/01/22 |
|
|
|
|
|
|
371 |
|
|
|
385,840 |
|
|
|
|
4 |
|
2017 BLACKROCK QUARTERLY REPORT TO SHAREHOLDERS |
|
|
|
Schedule of Investments (unaudited) (continued)
November 30, 2017 |
|
BlackRock Limited Duration Income Trust (BLW)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
Auto Components (continued) |
|
Icahn Enterprises LP/Icahn Enterprises Finance Corp. (continued): |
|
|
|
|
|
|
|
|
|
|
|
|
6.75%, 02/01/24 |
|
|
USD |
|
|
|
302 |
|
|
$ |
317,100 |
|
IHO Verwaltungs GmbH(i): |
|
|
|
|
|
|
|
|
|
|
|
|
(2.75% Cash or 3.50% PIK), 2.75%, 09/15/21 |
|
|
EUR |
|
|
|
100 |
|
|
|
122,339 |
|
(3.25% Cash or 4.00% PIK), 3.25%, 09/15/23 |
|
|
|
|
|
|
100 |
|
|
|
124,738 |
|
(3.75% Cash or 4.50% PIK), 3.75%, 09/15/26 |
|
|
|
|
|
|
100 |
|
|
|
127,952 |
|
(4.13% Cash or 4.88% PIK),
4.13%, 09/15/21(e) |
|
|
USD |
|
|
|
200 |
|
|
|
203,202 |
|
(4.50% Cash or 5.25% PIK),
4.50%, 09/15/23(e) |
|
|
|
|
|
|
200 |
|
|
|
204,750 |
|
Tesla, Inc., 5.30%, 08/15/25(e)(h) |
|
|
|
|
|
|
496 |
|
|
|
473,531 |
|
ZF North America Capital, Inc.(e): |
|
|
|
|
|
|
|
|
|
|
|
|
4.50%, 04/29/22(h) |
|
|
|
|
|
|
462 |
|
|
|
489,143 |
|
4.75%, 04/29/25 |
|
|
|
|
|
|
150 |
|
|
|
159,807 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,547,227 |
|
Automobiles 0.4% |
|
General Motors Co., 3.50%, 10/02/18(h) |
|
|
|
|
|
|
2,478 |
|
|
|
2,506,761 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Banks 1.6% |
|
Allied Irish Banks PLC, (5 year EUR Swap + 3.95%), 4.13%, 11/26/25(j) |
|
|
EUR |
|
|
|
100 |
|
|
|
129,285 |
|
Banco Espirito Santo SA(b)(c): |
|
|
|
|
|
|
|
|
|
|
|
|
4.75%, 01/15/18 |
|
|
|
|
|
|
100 |
|
|
|
33,327 |
|
4.00%, 01/21/19 |
|
|
|
|
|
|
100 |
|
|
|
33,327 |
|
Banco Inbursa SA Institucion de Banca Multiple, 4.13%,
06/06/24(e) |
|
|
USD |
|
|
|
202 |
|
|
|
204,202 |
|
Banco Popolare, 2.75%, 07/27/20 |
|
|
EUR |
|
|
|
100 |
|
|
|
124,430 |
|
Bank of Ireland, (5 year EUR Swap + 3.55%), 4.25%, 06/11/24(j) |
|
|
|
|
|
|
100 |
|
|
|
125,543 |
|
Bankia SA, (5 year EUR Swap + 3.35%), 3.38%,
03/15/27(j) |
|
|
|
|
|
|
100 |
|
|
|
125,449 |
|
Barclays PLC, 3.65%, 03/16/25(h) |
|
|
USD |
|
|
|
3,600 |
|
|
|
3,592,861 |
|
CaixaBank SA, (5 year EUR Swap + 3.35%), 3.50%,
02/15/27(j) |
|
|
EUR |
|
|
|
100 |
|
|
|
126,446 |
|
CIT Group, Inc., 5.00%, 08/01/23(h) |
|
|
USD |
|
|
|
610 |
|
|
|
656,482 |
|
HSBC Holdings PLC, 4.38%, 11/23/26(h) |
|
|
|
|
|
|
395 |
|
|
|
411,539 |
|
Inversiones Atlantida SA, 8.25%, 07/28/22(e) |
|
|
|
|
|
|
370 |
|
|
|
382,487 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
Banks (continued) |
|
National Bank of Greece SA, 2.75%, 10/19/20 |
|
|
EUR |
|
|
|
100 |
|
|
$ |
119,725 |
|
Nordea Bank AB, 4.50%, 03/26/20 |
|
|
|
|
|
|
1,020 |
|
|
|
1,338,034 |
|
Santander Holdings USA, Inc.,
4.50%, 07/17/25(h) |
|
|
USD |
|
|
|
1,750 |
|
|
|
1,822,943 |
|
Santander UK Group Holdings PLC,
2.88%, 08/05/21(h) |
|
|
|
|
|
|
950 |
|
|
|
950,008 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10,176,088 |
|
Beverages 0.5% |
|
Anheuser-Busch InBev Finance, Inc.,
3.30%, 02/01/23(h) |
|
|
|
|
|
|
3,000 |
|
|
|
3,075,895 |
|
Central American Bottling Corp.,
5.75%, 01/31/27(e) |
|
|
|
|
|
|
176 |
|
|
|
185,152 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,261,047 |
|
Biotechnology 0.0% |
|
Senvion Holding GmbH, 3.88%, 10/25/22 |
|
|
EUR |
|
|
|
100 |
|
|
|
114,233 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Building Materials 0.1% |
|
James Hardie International Finance Ltd.(g): |
|
|
|
|
|
|
|
|
|
|
|
|
4.75%, 01/15/25 |
|
|
USD |
|
|
|
200 |
|
|
|
203,500 |
|
5.00%, 01/15/28 |
|
|
|
|
|
|
200 |
|
|
|
203,500 |
|
Titan Global Finance PLC, 3.50%, 06/17/21 |
|
|
EUR |
|
|
|
100 |
|
|
|
126,583 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
533,583 |
|
Building Products 0.5% |
|
American Builders & Contractors Supply Co.,
Inc.(e): |
|
|
|
|
|
|
|
|
|
|
|
|
5.63%, 04/15/21 |
|
|
USD |
|
|
|
76 |
|
|
|
77,520 |
|
5.75%, 12/15/23 |
|
|
|
|
|
|
210 |
|
|
|
222,138 |
|
Beacon Escrow Corp., 4.88%, 11/01/25(e) |
|
|
|
|
|
|
878 |
|
|
|
895,560 |
|
Building Materials Corp. of America(e): |
|
|
|
|
|
|
|
|
|
|
|
|
5.38%, 11/15/24 |
|
|
|
|
|
|
45 |
|
|
|
47,363 |
|
6.00%, 10/15/25(h) |
|
|
|
|
|
|
260 |
|
|
|
280,202 |
|
CPG Merger Sub LLC, 8.00%, 10/01/21(e)(h) |
|
|
|
|
|
|
478 |
|
|
|
494,730 |
|
Masonite International Corp., 5.63%,
03/15/23(e)(h) |
|
|
|
|
|
|
479 |
|
|
|
501,297 |
|
|
|
|
|
|
SCHEDULES OF INVESTMENTS |
|
|
5 |
|
|
|
|
Schedule of Investments (unaudited) (continued)
November 30, 2017 |
|
BlackRock Limited Duration Income Trust (BLW)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par
(000) |
|
|
Value |
|
Building Products (continued) |
|
Ply Gem Industries, Inc., 6.50%, 02/01/22 |
|
|
USD |
|
|
|
219 |
|
|
$ |
226,665 |
|
Standard Industries, Inc.(e): |
|
|
|
|
|
|
|
|
|
|
|
|
5.13%, 02/15/21 |
|
|
|
|
|
|
20 |
|
|
|
20,597 |
|
5.50%, 02/15/23(h) |
|
|
|
|
|
|
147 |
|
|
|
154,350 |
|
USG Corp.(e): |
|
|
|
|
|
|
|
|
|
|
|
|
5.50%, 03/01/25 |
|
|
|
|
|
|
11 |
|
|
|
11,770 |
|
4.88%, 06/01/27 |
|
|
|
|
|
|
198 |
|
|
|
206,910 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,139,102 |
|
Cable Television Services 0.0% |
|
CB Escrow Corp., 8.00%, 10/15/25(e) |
|
|
|
|
|
|
146 |
|
|
|
146,730 |
|
|
|
|
|
|
|
|
|
|
Capital Markets 0.6% |
|
Blackstone CQP Holdco LP(e): |
|
|
|
|
|
|
|
|
|
|
|
|
6.50%, 03/20/21 |
|
|
|
|
|
|
2,040 |
|
|
|
2,065,500 |
|
6.00%, 08/18/21 |
|
|
|
|
|
|
332 |
|
|
|
332,000 |
|
Morgan Stanley, 4.00%, 07/23/25(h) |
|
|
|
|
|
|
965 |
|
|
|
1,009,195 |
|
SURA Asset Management SA,
4.38%, 04/11/27(e) |
|
|
|
|
|
|
205 |
|
|
|
207,767 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,614,462 |
|
Chemicals 1.8% |
|
Alpha 3 BV/Alpha US Bidco, Inc.,
6.25%, 02/01/25(e)(h) |
|
|
|
|
|
|
1,061 |
|
|
|
1,087,525 |
|
Axalta Coating Systems Dutch Holding B BV, 3.75%, 01/15/25 |
|
|
EUR |
|
|
|
100 |
|
|
|
127,761 |
|
Axalta Coating Systems LLC, 4.88%,
08/15/24(e) |
|
|
USD |
|
|
|
239 |
|
|
|
250,353 |
|
Blue Cube Spinco, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
9.75%, 10/15/23 |
|
|
|
|
|
|
424 |
|
|
|
505,090 |
|
10.00%, 10/15/25 |
|
|
|
|
|
|
308 |
|
|
|
374,220 |
|
CF Industries, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
7.13%, 05/01/20 |
|
|
|
|
|
|
130 |
|
|
|
142,513 |
|
5.15%, 03/15/34 |
|
|
|
|
|
|
90 |
|
|
|
90,675 |
|
4.95%, 06/01/43 |
|
|
|
|
|
|
164 |
|
|
|
153,340 |
|
Chemours Co.: |
|
|
|
|
|
|
|
|
|
|
|
|
6.63%, 05/15/23 |
|
|
|
|
|
|
248 |
|
|
|
262,260 |
|
7.00%, 05/15/25 |
|
|
|
|
|
|
112 |
|
|
|
122,500 |
|
5.38%, 05/15/27 |
|
|
|
|
|
|
156 |
|
|
|
162,630 |
|
Cydsa SAB de C.V., 6.25%, 10/04/27(e) |
|
|
|
|
|
|
252 |
|
|
|
250,425 |
|
Hexion, Inc., 10.38%, 02/01/22(e) |
|
|
|
|
|
|
184 |
|
|
|
169,335 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par
(000) |
|
|
Value |
|
Chemicals (continued) |
|
Huntsman International LLC: |
|
|
|
|
|
|
|
|
|
|
|
|
4.88%, 11/15/20 |
|
|
USD |
|
|
|
339 |
|
|
$ |
354,255 |
|
5.13%, 11/15/22 |
|
|
|
|
|
|
280 |
|
|
|
301,700 |
|
Ineos Finance PLC, 4.00%, 05/01/23 |
|
|
EUR |
|
|
|
100 |
|
|
|
122,747 |
|
INEOS Group Holdings SA, 5.38%, 08/01/24 |
|
|
|
|
|
|
100 |
|
|
|
128,250 |
|
Mexichem SAB de CV(e): |
|
|
|
|
|
|
|
|
|
|
|
|
4.00%, 10/04/27 |
|
|
USD |
|
|
|
200 |
|
|
|
199,000 |
|
5.50%, 01/15/48 |
|
|
|
|
|
|
200 |
|
|
|
194,500 |
|
Momentive Performance Materials, Inc., 3.88%,
10/24/21(h) |
|
|
|
|
|
|
1,578 |
|
|
|
1,637,175 |
|
NOVA Chemicals Corp.(e): |
|
|
|
|
|
|
|
|
|
|
|
|
4.88%, 06/01/24 |
|
|
|
|
|
|
267 |
|
|
|
270,338 |
|
5.25%, 06/01/27 |
|
|
|
|
|
|
27 |
|
|
|
27,270 |
|
Platform Specialty Products Corp.(e): |
|
|
|
|
|
|
|
|
|
|
|
|
6.50%, 02/01/22(h) |
|
|
|
|
|
|
1,786 |
|
|
|
1,846,277 |
|
5.88%, 12/01/25 |
|
|
|
|
|
|
376 |
|
|
|
378,820 |
|
PQ Corp.: |
|
|
|
|
|
|
|
|
|
|
|
|
6.75%, 11/15/22(e)(h) |
|
|
|
|
|
|
373 |
|
|
|
401,907 |
|
5.75%, 12/15/25(g) |
|
|
|
|
|
|
379 |
|
|
|
387,527 |
|
PSPC Escrow Corp., 6.00%, 02/01/23 |
|
|
EUR |
|
|
|
100 |
|
|
|
124,572 |
|
Sherwin-Williams Co., 2.75%, 06/01/22 |
|
|
USD |
|
|
|
180 |
|
|
|
178,902 |
|
Tronox Finance PLC, 5.75%, 10/01/25(e) |
|
|
|
|
|
|
172 |
|
|
|
178,880 |
|
Venator Finance Sarl/Venator Materials LLC,
5.75%, 07/15/25(e) |
|
|
|
|
|
|
150 |
|
|
|
158,250 |
|
Versum Materials, Inc., 5.50%, 09/30/24(e) |
|
|
|
|
|
|
116 |
|
|
|
124,120 |
|
WR Grace & Co-Conn(e): |
|
|
|
|
|
|
|
|
|
|
|
|
5.13%, 10/01/21 |
|
|
|
|
|
|
316 |
|
|
|
334,565 |
|
5.63%, 10/01/24 |
|
|
|
|
|
|
200 |
|
|
|
216,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11,263,682 |
|
Commercial Services & Supplies 1.2% |
|
ADT Corp.: |
|
|
|
|
|
|
|
|
|
|
|
|
6.25%, 10/15/21 |
|
|
|
|
|
|
374 |
|
|
|
411,400 |
|
3.50%, 07/15/22(h) |
|
|
|
|
|
|
163 |
|
|
|
162,389 |
|
4.13%, 06/15/23 |
|
|
|
|
|
|
310 |
|
|
|
313,292 |
|
4.88%, 07/15/32(e) |
|
|
|
|
|
|
534 |
|
|
|
506,520 |
|
Advanced Disposal Services, Inc.,
5.63%, 11/15/24(e) |
|
|
|
|
|
|
225 |
|
|
|
232,313 |
|
|
|
|
6 |
|
2017 BLACKROCK QUARTERLY REPORT TO SHAREHOLDERS |
|
|
|
Schedule of Investments (unaudited) (continued)
November 30, 2017 |
|
BlackRock Limited Duration Income Trust (BLW)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par
(000) |
|
|
Value |
|
Commercial Services & Supplies (continued) |
|
Aviation Capital Group Corp., 4.63%,
01/31/18(e)(h) |
|
|
USD |
|
|
|
1,000 |
|
|
$ |
1,004,364 |
|
Booz Allen Hamilton, Inc., 5.13%, 05/01/25(e) |
|
|
|
|
|
|
669 |
|
|
|
672,345 |
|
CD&R Waterworks Merger Sub LLC,
6.13%, 08/15/25(e) |
|
|
|
|
|
|
162 |
|
|
|
165,289 |
|
Harland Clarke Holdings Corp.,
8.38%, 08/15/22(e) |
|
|
|
|
|
|
414 |
|
|
|
431,595 |
|
KAR Auction Services, Inc., 5.13%, 06/01/25(e) |
|
|
|
|
|
|
339 |
|
|
|
350,865 |
|
La Financiere Atalian SAS, 4.00%, 05/15/24 |
|
|
EUR |
|
|
|
100 |
|
|
|
124,976 |
|
Michael Baker International LLC,
8.75%, 03/01/23(e) |
|
|
USD |
|
|
|
90 |
|
|
|
85,950 |
|
Mobile Mini, Inc., 5.88%, 07/01/24(h) |
|
|
|
|
|
|
499 |
|
|
|
523,950 |
|
Paprec Holding SA, 5.25%, 04/01/22 |
|
|
EUR |
|
|
|
100 |
|
|
|
123,794 |
|
Park Aerospace Holdings Ltd.(e): |
|
|
|
|
|
|
|
|
|
|
|
|
3.63%, 03/15/21 |
|
|
USD |
|
|
|
226 |
|
|
|
221,480 |
|
5.25%, 08/15/22 |
|
|
|
|
|
|
369 |
|
|
|
377,303 |
|
Pitney Bowes, Inc., 3.63%, 10/01/21(h) |
|
|
|
|
|
|
500 |
|
|
|
467,475 |
|
Ritchie Bros Auctioneers, Inc.,
5.38%, 01/15/25(e) |
|
|
|
|
|
|
160 |
|
|
|
167,200 |
|
S&P Global, Inc., 2.50%, 08/15/18(h) |
|
|
|
|
|
|
445 |
|
|
|
446,483 |
|
United Rentals North America, Inc.,
5.75%, 11/15/24(h) |
|
|
|
|
|
|
609 |
|
|
|
642,495 |
|
Verisure Holding AB, 6.00%, 11/01/22 |
|
|
EUR |
|
|
|
113 |
|
|
|
143,254 |
|
Wrangler Buyer Corp., 6.00%, 10/01/25(e) |
|
|
USD |
|
|
|
109 |
|
|
|
110,635 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,685,367 |
|
Communications Equipment 0.7% |
|
Avaya, Inc., 7.00%, 04/01/19(b)(c)(e) |
|
|
|
|
|
|
183 |
|
|
|
140,452 |
|
CommScope Technologies Finance LLC, 6.00%,
06/15/25(e) |
|
|
|
|
|
|
3 |
|
|
|
3,210 |
|
CommScope Technologies LLC,
5.00%, 03/15/27(e) |
|
|
|
|
|
|
237 |
|
|
|
237,000 |
|
CommScope, Inc.(e): |
|
|
|
|
|
|
|
|
|
|
|
|
5.00%, 06/15/21 |
|
|
|
|
|
|
465 |
|
|
|
476,567 |
|
5.50%, 06/15/24 |
|
|
|
|
|
|
102 |
|
|
|
106,845 |
|
Motorola Solutions, Inc., 3.75%, 05/15/22(h) |
|
|
|
|
|
|
1,500 |
|
|
|
1,536,837 |
|
Nokia OYJ: |
|
|
|
|
|
|
|
|
|
|
|
|
3.38%, 06/12/22 |
|
|
|
|
|
|
106 |
|
|
|
105,868 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par
(000) |
|
|
Value |
|
Communications Equipment (continued) |
|
Nokia OYJ (continued): |
|
|
|
|
|
|
|
|
|
|
|
|
4.38%, 06/12/27 |
|
|
USD |
|
|
|
149 |
|
|
$ |
147,808 |
|
6.63%, 05/15/39 |
|
|
|
|
|
|
200 |
|
|
|
221,000 |
|
Zayo Group LLC/Zayo Capital, Inc.(h): |
|
|
|
|
|
|
|
|
|
|
|
|
6.00%, 04/01/23 |
|
|
|
|
|
|
531 |
|
|
|
552,572 |
|
6.38%, 05/15/25 |
|
|
|
|
|
|
380 |
|
|
|
403,275 |
|
5.75%, 01/15/27(e) |
|
|
|
|
|
|
707 |
|
|
|
728,210 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,659,644 |
|
Construction & Engineering 0.5% |
|
Aeropuertos Argentina 2000 SA,
6.88%, 02/01/27(e) |
|
|
|
|
|
|
293 |
|
|
|
315,878 |
|
Aeropuertos Dominicanos Siglo XXI SA,
6.75%, 03/30/29(e) |
|
|
|
|
|
|
293 |
|
|
|
318,638 |
|
BlueLine Rental Finance
Corp., 9.25%, 03/15/24(e)(h) |
|
|
|
|
|
|
1,100 |
|
|
|
1,190,750 |
|
Brand Energy & Infrastructure Services, Inc., 8.50%, 07/15/25(e) |
|
|
|
|
|
|
528 |
|
|
|
559,838 |
|
Engility Corp., 8.88%, 09/01/24 |
|
|
|
|
|
|
216 |
|
|
|
232,200 |
|
SPIE SA, 3.13%, 03/22/24 |
|
|
EUR |
|
|
|
100 |
|
|
|
124,669 |
|
Tutor Perini Corp., 6.88%, 05/01/25(e) |
|
|
USD |
|
|
|
219 |
|
|
|
232,775 |
|
Weekley Homes LLC/Weekley Finance Corp.,
6.63%, 08/15/25(e) |
|
|
|
|
|
|
61 |
|
|
|
59,484 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,034,232 |
|
Construction Materials 0.3% |
|
American Tire Distributors, Inc.,
10.25%, 03/01/22(e) |
|
|
|
|
|
|
204 |
|
|
|
208,590 |
|
Beacon Roofing Supply, Inc., 6.38%, 10/01/23 |
|
|
|
|
|
|
137 |
|
|
|
146,247 |
|
H&E Equipment Services, Inc., 5.63%,
09/01/25(e) |
|
|
|
|
|
|
72 |
|
|
|
75,420 |
|
HD Supply, Inc., 5.75%, 04/15/24(e)(h) |
|
|
|
|
|
|
790 |
|
|
|
841,350 |
|
LKQ Italia Bondco SpA, 3.88%, 04/01/24 |
|
|
EUR |
|
|
|
100 |
|
|
|
131,225 |
|
Navistar International Corp., 6.63%,
11/01/25(e) |
|
|
USD |
|
|
|
271 |
|
|
|
280,656 |
|
New Enterprise Stone & Lime Co., Inc., 10.13%, 04/01/22(e) |
|
|
|
|
|
|
160 |
|
|
|
173,200 |
|
Rexel SA, 3.50%, 06/15/23 |
|
|
EUR |
|
|
|
116 |
|
|
|
145,135 |
|
|
|
|
|
|
SCHEDULES OF INVESTMENTS |
|
|
7 |
|
|
|
|
Schedule of Investments (unaudited) (continued)
November 30, 2017 |
|
BlackRock Limited Duration Income Trust (BLW)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par
(000) |
|
|
Value |
|
Construction Materials (continued) |
|
Williams Scotsman International, Inc.,
7.88%, 12/15/22(e) |
|
|
USD |
|
|
|
109 |
|
|
$ |
112,815 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,114,638 |
|
Consumer Discretionary 0.2% |
|
Arch Merger Sub, Inc., 8.50%, 09/15/25(e) |
|
|
|
|
|
|
189 |
|
|
|
170,100 |
|
Live Nation Entertainment, Inc., 4.88%,
11/01/24(e) |
|
|
|
|
|
|
29 |
|
|
|
29,870 |
|
Nielsen Co. Luxembourg SARL, 5.00%,
02/01/25(e) |
|
|
|
|
|
|
490 |
|
|
|
509,600 |
|
ServiceMaster Co. LLC, 5.13%, 11/15/24(e) |
|
|
|
|
|
|
244 |
|
|
|
247,660 |
|
Viking Cruises Ltd.(e): |
|
|
|
|
|
|
|
|
|
|
|
|
6.25%, 05/15/25 |
|
|
|
|
|
|
141 |
|
|
|
146,992 |
|
5.88%, 09/15/27 |
|
|
|
|
|
|
303 |
|
|
|
306,409 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,410,631 |
|
Consumer Finance 0.8% |
|
Alliance Data Systems Corp.(e): |
|
|
|
|
|
|
|
|
|
|
|
|
5.25%, 12/01/17 |
|
|
|
|
|
|
28 |
|
|
|
28,000 |
|
5.88%, 11/01/21(h) |
|
|
|
|
|
|
696 |
|
|
|
711,660 |
|
Ally Financial, Inc., 8.00%, 11/01/31(h) |
|
|
|
|
|
|
911 |
|
|
|
1,205,936 |
|
CDK Global, Inc., 4.88%, 06/01/27(e) |
|
|
|
|
|
|
278 |
|
|
|
286,340 |
|
Credivalores-Crediservicios SAS, 9.75%,
07/27/22(e) |
|
|
|
|
|
|
200 |
|
|
|
207,250 |
|
IHS Markit Ltd.(e): |
|
|
|
|
|
|
|
|
|
|
|
|
4.75%, 02/15/25 |
|
|
|
|
|
|
167 |
|
|
|
176,903 |
|
4.00%, 03/01/26(g) |
|
|
|
|
|
|
122 |
|
|
|
122,915 |
|
Navient Corp.: |
|
|
|
|
|
|
|
|
|
|
|
|
5.00%, 10/26/20(h) |
|
|
|
|
|
|
310 |
|
|
|
315,812 |
|
6.63%, 07/26/21 |
|
|
|
|
|
|
190 |
|
|
|
200,925 |
|
6.50%, 06/15/22 |
|
|
|
|
|
|
298 |
|
|
|
312,900 |
|
5.50%, 01/25/23 |
|
|
|
|
|
|
134 |
|
|
|
134,168 |
|
7.25%, 09/25/23(h) |
|
|
|
|
|
|
257 |
|
|
|
276,917 |
|
6.13%, 03/25/24 |
|
|
|
|
|
|
43 |
|
|
|
43,538 |
|
5.88%, 10/25/24 |
|
|
|
|
|
|
125 |
|
|
|
125,663 |
|
6.75%, 06/25/25 |
|
|
|
|
|
|
181 |
|
|
|
186,430 |
|
5.63%, 08/01/33 |
|
|
|
|
|
|
95 |
|
|
|
81,700 |
|
OneMain Financial Holdings LLC(e): |
|
|
|
|
|
|
|
|
|
|
|
|
6.75%, 12/15/19 |
|
|
|
|
|
|
147 |
|
|
|
151,777 |
|
7.25%, 12/15/21 |
|
|
|
|
|
|
219 |
|
|
|
227,366 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par
(000) |
|
|
Value |
|
Consumer Finance (continued) |
|
Springleaf Finance Corp., 6.13%, 05/15/22 |
|
|
USD |
|
|
|
70 |
|
|
$ |
72,625 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,868,825 |
|
Containers & Packaging 1.5% |
|
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
4.25%, 09/15/22(e) |
|
|
|
|
|
|
239 |
|
|
|
244,348 |
|
4.63%, 05/15/23(e) |
|
|
|
|
|
|
206 |
|
|
|
211,407 |
|
6.75%, 05/15/24 |
|
|
EUR |
|
|
|
100 |
|
|
|
131,969 |
|
7.25%, 05/15/24(e)(h) |
|
|
USD |
|
|
|
1,668 |
|
|
|
1,826,460 |
|
6.00%, 02/15/25(e) |
|
|
|
|
|
|
599 |
|
|
|
636,497 |
|
4.75%, 07/15/27(e) |
|
|
GBP |
|
|
|
100 |
|
|
|
136,579 |
|
4.75%, 07/15/27 |
|
|
|
|
|
|
100 |
|
|
|
136,579 |
|
Ball Corp.: |
|
|
|
|
|
|
|
|
|
|
|
|
5.00%, 03/15/22(h) |
|
|
USD |
|
|
|
303 |
|
|
|
325,346 |
|
4.00%, 11/15/23 |
|
|
|
|
|
|
48 |
|
|
|
49,320 |
|
BWAY Holding Co., 5.50%, 04/15/24(e)(h) |
|
|
|
|
|
|
707 |
|
|
|
737,047 |
|
Horizon Holdings I SASU, 7.25%, 08/01/23 |
|
|
EUR |
|
|
|
100 |
|
|
|
126,752 |
|
JH-Holding Finance SA, (8.25% PIK), 8.25%, 12/01/22(i) |
|
|
|
|
|
|
200 |
|
|
|
256,045 |
|
Mercer International, Inc., 6.50%, 02/01/24 |
|
|
USD |
|
|
|
113 |
|
|
|
119,356 |
|
Reynolds Group Issuer, Inc./Reynolds Group Issuer LLC/Reynolds Group Issuer Lu: |
|
|
|
|
|
|
|
|
|
|
|
|
5.75%, 10/15/20(h) |
|
|
|
|
|
|
1,062 |
|
|
|
1,079,921 |
|
6.88%, 02/15/21 |
|
|
|
|
|
|
136 |
|
|
|
138,916 |
|
(3 mo. LIBOR US + 3.50%), 4.86%,
07/15/21(d)(e) |
|
|
|
|
|
|
810 |
|
|
|
824,175 |
|
5.13%, 07/15/23(e) |
|
|
|
|
|
|
175 |
|
|
|
181,562 |
|
7.00%, 07/15/24(e)(h) |
|
|
|
|
|
|
1,039 |
|
|
|
1,114,769 |
|
Sealed Air Corp.(e): |
|
|
|
|
|
|
|
|
|
|
|
|
4.88%, 12/01/22 |
|
|
|
|
|
|
192 |
|
|
|
203,760 |
|
6.88%, 07/15/33 |
|
|
|
|
|
|
44 |
|
|
|
51,150 |
|
Signode Industrial Group Lux SA/Signode Industrial Group US, Inc., 6.38%, 05/01/22(e)(h) |
|
|
|
|
|
|
473 |
|
|
|
486,599 |
|
Silgan Holdings, Inc., 3.25%, 03/15/25 |
|
|
EUR |
|
|
|
100 |
|
|
|
123,581 |
|
|
|
|
8 |
|
2017 BLACKROCK QUARTERLY REPORT TO SHAREHOLDERS |
|
|
|
Schedule of Investments (unaudited) (continued)
November 30, 2017 |
|
BlackRock Limited Duration Income Trust (BLW)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par
(000) |
|
|
Value |
|
Containers & Packaging (continued) |
|
Verallia Packaging SASU, 5.13%, 08/01/22 |
|
|
EUR |
|
|
|
100 |
|
|
$ |
124,976 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9,267,114 |
|
Diversified Consumer Services 0.6% |
|
APX Group, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
6.38%, 12/01/19 |
|
|
USD |
|
|
|
30 |
|
|
|
30,413 |
|
8.75%, 12/01/20(h) |
|
|
|
|
|
|
270 |
|
|
|
275,656 |
|
7.88%, 12/01/22(h) |
|
|
|
|
|
|
182 |
|
|
|
194,740 |
|
Ascend Learning LLC, 6.88%, 08/01/25(e) |
|
|
|
|
|
|
299 |
|
|
|
310,960 |
|
GW Honos Security Corp.,
8.75%, 05/15/25(e) |
|
|
|
|
|
|
87 |
|
|
|
93,090 |
|
Laureate Education, Inc.,
8.25%, 05/01/25(e) |
|
|
|
|
|
|
114 |
|
|
|
120,626 |
|
Prime Security Services Borrower LLC/Prime Finance, Inc., 9.25%, 05/15/23(e)(h) |
|
|
|
|
|
|
1,808 |
|
|
|
1,995,580 |
|
RBS Global, Inc./Rexnord LLC, 4.88%, 12/15/25 |
|
|
|
|
|
|
215 |
|
|
|
215,000 |
|
Sothebys, 5.25%, 10/01/22(e) |
|
|
|
|
|
|
235 |
|
|
|
240,287 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,476,352 |
|
Diversified Financial Services 1.1% |
|
Aircastle Ltd.: |
|
|
|
|
|
|
|
|
|
|
|
|
6.25%, 12/01/19(h) |
|
|
|
|
|
|
367 |
|
|
|
390,121 |
|
5.13%, 03/15/21 |
|
|
|
|
|
|
16 |
|
|
|
16,940 |
|
5.50%, 02/15/22 |
|
|
|
|
|
|
267 |
|
|
|
287,359 |
|
Arrow Global Finance PLC, (3 mo. Euribor + 2.88%), 2.88%, 04/01/25(d) |
|
|
EUR |
|
|
|
100 |
|
|
|
118,263 |
|
Banca IFIS SpA, 4.50%, 10/17/27(f) |
|
|
|
|
|
|
100 |
|
|
|
121,144 |
|
Docuformas SAPI de C.V.,
9.25%, 10/11/22(e) |
|
|
USD |
|
|
|
421 |
|
|
|
415,738 |
|
FBM Finance, Inc., 8.25%, 08/15/21(e) |
|
|
|
|
|
|
130 |
|
|
|
138,775 |
|
General Motors Financial Co., Inc.,
4.38%, 09/25/21(h) |
|
|
|
|
|
|
530 |
|
|
|
558,183 |
|
Intesa Sanpaolo SpA, 5.02%, 06/26/24(e)(h) |
|
|
|
|
|
|
2,442 |
|
|
|
2,496,642 |
|
Intrum Justitia AB, (3 mo. Euribor + 2.63%), 2.63%, 07/15/22(d) |
|
|
EUR |
|
|
|
100 |
|
|
|
120,667 |
|
Jefferies Finance LLC/JFIN Co-Issuer Corp.(e)(h): |
|
|
|
|
|
|
|
|
|
|
|
|
7.38%, 04/01/20 |
|
|
USD |
|
|
|
290 |
|
|
|
297,975 |
|
6.88%, 04/15/22 |
|
|
|
|
|
|
480 |
|
|
|
487,800 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par
(000) |
|
|
Value |
|
Diversified Financial Services (continued) |
|
LHC3 PLC, (4.13% Cash or 4.88% PIK),
4.13%, 08/15/24(i) |
|
|
EUR |
|
|
|
101 |
|
|
$ |
123,764 |
|
Mercury Bondco PLC, (8.25% Cash or 9.00% PIK), 8.25%, 05/30/21(i) |
|
|
|
|
|
|
200 |
|
|
|
247,028 |
|
Tempo Acquisition LLC/Tempo Acquisition Finance Corp., 6.75%, 06/01/25(e) |
|
|
USD |
|
|
|
504 |
|
|
|
507,150 |
|
UniCredit SpA, (5 year EUR Swap + 4.32%), 4.38%, 01/03/27(j) |
|
|
EUR |
|
|
|
100 |
|
|
|
130,141 |
|
WMG Acquisition Corp., 4.13%, 11/01/24 |
|
|
|
|
|
|
100 |
|
|
|
125,357 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,583,047 |
|
Diversified Telecommunication Services 1.4% |
|
CenturyLink, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
Series P, 7.60%, 09/15/39 |
|
|
USD |
|
|
|
26 |
|
|
|
21,580 |
|
Series S, 6.45%, 06/15/21(h) |
|
|
|
|
|
|
588 |
|
|
|
585,060 |
|
Series T, 5.80%, 03/15/22 |
|
|
|
|
|
|
255 |
|
|
|
243,844 |
|
Series U, 7.65%, 03/15/42 |
|
|
|
|
|
|
246 |
|
|
|
206,640 |
|
Series W, 6.75%, 12/01/23 |
|
|
|
|
|
|
245 |
|
|
|
236,045 |
|
Cincinnati Bell, Inc., 7.00%, 07/15/24(e) |
|
|
|
|
|
|
406 |
|
|
|
393,820 |
|
Frontier Communications Corp.: |
|
|
|
|
|
|
|
|
|
|
|
|
8.13%, 10/01/18 |
|
|
|
|
|
|
264 |
|
|
|
262,020 |
|
7.13%, 03/15/19 |
|
|
|
|
|
|
190 |
|
|
|
183,588 |
|
7.13%, 01/15/23(h) |
|
|
|
|
|
|
210 |
|
|
|
147,000 |
|
7.63%, 04/15/24(h) |
|
|
|
|
|
|
252 |
|
|
|
177,030 |
|
6.88%, 01/15/25(h) |
|
|
|
|
|
|
1,168 |
|
|
|
800,080 |
|
Level 3 Financing, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
5.38%, 08/15/22 |
|
|
|
|
|
|
184 |
|
|
|
185,380 |
|
5.63%, 02/01/23 |
|
|
|
|
|
|
115 |
|
|
|
116,294 |
|
5.13%, 05/01/23(h) |
|
|
|
|
|
|
295 |
|
|
|
295,000 |
|
5.38%, 01/15/24 |
|
|
|
|
|
|
325 |
|
|
|
325,812 |
|
5.38%, 05/01/25(h) |
|
|
|
|
|
|
303 |
|
|
|
303,848 |
|
5.25%, 03/15/26(h) |
|
|
|
|
|
|
1,614 |
|
|
|
1,582,729 |
|
OTE PLC, 3.50%, 07/09/20 |
|
|
EUR |
|
|
|
100 |
|
|
|
125,459 |
|
SoftBank Group Corp.: |
|
|
|
|
|
|
|
|
|
|
|
|
, (5 year USD ICE Swap + 4.85%),
6.88%(j)(k) |
|
|
USD |
|
|
|
490 |
|
|
|
496,125 |
|
4.75%, 09/19/24 |
|
|
|
|
|
|
200 |
|
|
|
198,978 |
|
4.75%, 07/30/25 |
|
|
EUR |
|
|
|
122 |
|
|
|
161,602 |
|
Telecom Italia Capital SA: |
|
|
|
|
|
|
|
|
|
|
|
|
6.38%, 11/15/33 |
|
|
USD |
|
|
|
233 |
|
|
|
269,115 |
|
6.00%, 09/30/34(h) |
|
|
|
|
|
|
671 |
|
|
|
749,004 |
|
|
|
|
|
|
SCHEDULES OF INVESTMENTS |
|
|
9 |
|
|
|
|
Schedule of Investments (unaudited) (continued)
November 30, 2017 |
|
BlackRock Limited Duration Income Trust (BLW)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par
(000) |
|
|
Value |
|
Diversified Telecommunication Services (continued) |
|
Telecom Italia Capital SA (continued): |
|
|
|
|
|
|
|
|
|
|
|
|
7.20%, 07/18/36 |
|
|
USD |
|
|
|
202 |
|
|
$ |
250,732 |
|
7.72%, 06/04/38 |
|
|
|
|
|
|
21 |
|
|
|
27,098 |
|
Telecom Italia Finance SA, 7.75%, 01/24/33 |
|
|
EUR |
|
|
|
37 |
|
|
|
68,572 |
|
Telecom Italia SpA: |
|
|
|
|
|
|
|
|
|
|
|
|
5.88%, 05/19/23 |
|
|
GBP |
|
|
|
100 |
|
|
|
157,143 |
|
3.63%, 01/19/24 |
|
|
EUR |
|
|
|
100 |
|
|
|
134,164 |
|
Verizon Communications, Inc.,
3.38%, 02/15/25(e)(h) |
|
|
USD |
|
|
|
156 |
|
|
|
155,862 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,859,624 |
|
Electric Utilities 0.9% |
|
AES Corp., 4.88%, 05/15/23(h) |
|
|
|
|
|
|
240 |
|
|
|
245,021 |
|
Black Hills Corp., 3.15%, 01/15/27(h) |
|
|
|
|
|
|
305 |
|
|
|
296,545 |
|
Celeo Redes Operacion Chile SA,
5.20%, 06/22/47(e)(h) |
|
|
|
|
|
|
1,006 |
|
|
|
1,018,686 |
|
Enel Finance International NV,
3.63%, 05/25/27(e)(h) |
|
|
|
|
|
|
900 |
|
|
|
885,073 |
|
Energuate Trust, 5.88%, 05/03/27(e) |
|
|
|
|
|
|
200 |
|
|
|
208,250 |
|
Exelon Corp., 3.40%, 04/15/26(h) |
|
|
|
|
|
|
140 |
|
|
|
140,422 |
|
NextEra Energy Operating Partners LP,
4.25%, 09/15/24(e) |
|
|
|
|
|
|
177 |
|
|
|
178,770 |
|
Pampa Energia SA, 7.50%, 01/24/27(e) |
|
|
|
|
|
|
290 |
|
|
|
315,375 |
|
Southern Co., 2.95%, 07/01/23(h) |
|
|
|
|
|
|
1,920 |
|
|
|
1,921,759 |
|
Talen Energy Supply LLC, 6.50%, 06/01/25 |
|
|
|
|
|
|
176 |
|
|
|
149,160 |
|
Texas Competitive Electric Holdings Co. LLC/TCEH Finance,
Inc.(a): |
|
|
|
|
|
|
|
|
|
|
|
|
10.25%, 11/01/15 |
|
|
|
|
|
|
47 |
|
|
|
141 |
|
10.50%, 11/01/18 |
|
|
|
|
|
|
31 |
|
|
|
93 |
|
11.50%, 10/01/20 |
|
|
|
|
|
|
300 |
|
|
|
|
|
Viridian Group FinanceCo PLC/Viridian Power and Energy, 4.00%, 09/15/25 |
|
|
EUR |
|
|
|
100 |
|
|
|
119,061 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,478,356 |
|
Electrical Equipment 0.0% |
|
Areva SA, 4.88%, 09/23/24 |
|
|
|
|
|
|
100 |
|
|
|
134,248 |
|
|
|
|
|
|
|
|
|
|
Electronic Equipment, Instruments & Components 0.1% |
|
CDW LLC/CDW Finance Corp.: |
|
|
|
|
|
|
|
|
|
|
|
|
5.00%, 09/01/23 |
|
|
USD |
|
|
|
72 |
|
|
|
75,240 |
|
5.50%, 12/01/24(h) |
|
|
|
|
|
|
453 |
|
|
|
493,770 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par
(000) |
|
|
Value |
|
Electronic Equipment, Instruments & Components (continued) |
|
CDW LLC/CDW Finance Corp. (continued): |
|
|
|
|
|
|
|
|
|
|
|
|
5.00%, 09/01/25 |
|
|
USD |
|
|
|
107 |
|
|
$ |
111,815 |
|
SESI LLC, 7.75%, 09/15/24(e) |
|
|
|
|
|
|
208 |
|
|
|
214,240 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
895,065 |
|
Energy Equipment & Services 0.6% |
|
Ensco PLC, 5.20%, 03/15/25 |
|
|
|
|
|
|
40 |
|
|
|
32,800 |
|
Gates Global LLC/Gates Global Co.: |
|
|
|
|
|
|
|
|
|
|
|
|
5.75%, 07/15/22 |
|
|
EUR |
|
|
|
100 |
|
|
|
121,678 |
|
6.00%, 07/15/22(e)(h) |
|
|
USD |
|
|
|
742 |
|
|
|
758,918 |
|
Genesis Energy LP/Genesis Energy Finance Corp., 5.75%, 02/15/21 |
|
|
|
|
|
|
30 |
|
|
|
30,263 |
|
Halliburton Co., 3.80%, 11/15/25(h) |
|
|
|
|
|
|
100 |
|
|
|
103,029 |
|
Noble Holding International Ltd.: |
|
|
|
|
|
|
|
|
|
|
|
|
4.63%, 03/01/21 |
|
|
|
|
|
|
12 |
|
|
|
11,010 |
|
7.70%, 04/01/25 |
|
|
|
|
|
|
122 |
|
|
|
102,785 |
|
Pattern Energy Group, Inc.,
5.88%, 02/01/24(e) |
|
|
|
|
|
|
223 |
|
|
|
235,822 |
|
Pioneer Energy Services Corp., 6.13%, 03/15/22 |
|
|
|
|
|
|
275 |
|
|
|
222,750 |
|
Precision Drilling Corp.: |
|
|
|
|
|
|
|
|
|
|
|
|
6.50%, 12/15/21 |
|
|
|
|
|
|
68 |
|
|
|
69,190 |
|
5.25%, 11/15/24 |
|
|
|
|
|
|
134 |
|
|
|
125,625 |
|
Transocean, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
5.80%, 10/15/22 |
|
|
|
|
|
|
246 |
|
|
|
244,155 |
|
9.00%, 07/15/23(e) |
|
|
|
|
|
|
636 |
|
|
|
686,880 |
|
6.80%, 03/15/38 |
|
|
|
|
|
|
134 |
|
|
|
106,865 |
|
Trinidad Drilling Ltd., 6.63%, 02/15/25(e) |
|
|
|
|
|
|
331 |
|
|
|
316,105 |
|
Weatherford International Ltd.: |
|
|
|
|
|
|
|
|
|
|
|
|
7.75%, 06/15/21(h) |
|
|
|
|
|
|
465 |
|
|
|
474,300 |
|
8.25%, 06/15/23 |
|
|
|
|
|
|
210 |
|
|
|
209,475 |
|
|
|
|
10 |
|
2017 BLACKROCK QUARTERLY REPORT TO SHAREHOLDERS |
|
|
|
Schedule of Investments (unaudited) (continued)
November 30, 2017 |
|
BlackRock Limited Duration Income Trust (BLW)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par
(000) |
|
|
Value |
|
Energy Equipment & Services (continued) |
|
Weatherford International Ltd. (continued): |
|
|
|
|
|
|
|
|
|
|
|
|
9.88%, 02/15/24 |
|
|
USD |
|
|
|
181 |
|
|
$ |
189,824 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,041,474 |
|
Environmental, Maintenance, & Security Service 0.1% |
|
Tervita Escrow Corp.,
7.63%, 12/01/21(e)(h) |
|
|
|
|
|
|
642 |
|
|
|
650,025 |
|
|
|
|
|
|
|
|
|
|
Food & Staples Retailing 0.4% |
|
Albertsons Cos. LLC/Safeway, Inc./New Albertsons, Inc./Albertsons LLC: |
|
|
|
|
|
|
|
|
|
|
|
|
6.63%, 06/15/24 |
|
|
|
|
|
|
186 |
|
|
|
175,770 |
|
5.75%, 03/15/25 |
|
|
|
|
|
|
104 |
|
|
|
92,529 |
|
B&M European Value Retail SA, 4.13%, 02/01/22 |
|
|
GBP |
|
|
|
100 |
|
|
|
139,164 |
|
Casino Guichard Perrachon SA: |
|
|
|
|
|
|
|
|
|
|
|
|
4.56%, 01/25/23 |
|
|
EUR |
|
|
|
100 |
|
|
|
134,774 |
|
4.50%, 03/07/24 |
|
|
|
|
|
|
200 |
|
|
|
267,311 |
|
CVS Health Corp., 4.75%, 12/01/22(h) |
|
|
USD |
|
|
|
165 |
|
|
|
177,165 |
|
Dollar Tree, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
5.25%, 03/01/20 |
|
|
|
|
|
|
58 |
|
|
|
59,160 |
|
5.75%, 03/01/23(h) |
|
|
|
|
|
|
1,321 |
|
|
|
1,382,096 |
|
Lamb Weston Holdings,
Inc., 4.63%, 11/01/24(e) |
|
|
|
|
|
|
17 |
|
|
|
17,574 |
|
Rite Aid Corp., 6.13%, 04/01/23(e) |
|
|
|
|
|
|
254 |
|
|
|
234,950 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,680,493 |
|
Food Products 0.7% |
|
Acosta, Inc., 7.75%, 10/01/22(e) |
|
|
|
|
|
|
214 |
|
|
|
155,150 |
|
Aramark Services, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
5.13%, 01/15/24(h) |
|
|
|
|
|
|
433 |
|
|
|
456,815 |
|
5.00%, 04/01/25(e) |
|
|
|
|
|
|
46 |
|
|
|
48,933 |
|
Arcor SAIC, 6.00%, 07/06/23(e) |
|
|
|
|
|
|
180 |
|
|
|
191,250 |
|
B&G Foods, Inc., 5.25%, 04/01/25 |
|
|
|
|
|
|
129 |
|
|
|
131,890 |
|
Chobani LLC/Chobani Finance Corp.,
Inc., 7.50%, 04/15/25(e) |
|
|
|
|
|
|
316 |
|
|
|
343,650 |
|
JBS USA LLC/JBS USA Finance, Inc.(e): |
|
|
|
|
|
|
|
|
|
|
|
|
5.88%, 07/15/24 |
|
|
|
|
|
|
186 |
|
|
|
183,210 |
|
5.75%, 06/15/25 |
|
|
|
|
|
|
610 |
|
|
|
595,512 |
|
MARB BondCo PLC, 7.00%, 03/15/24 |
|
|
|
|
|
|
200 |
|
|
|
203,500 |
|
Marfrig Holdings Europe
BV, 8.00%, 06/08/23(e)(h) |
|
|
|
|
|
|
200 |
|
|
|
210,500 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par
(000) |
|
|
Value |
|
Food Products (continued) |
|
Minerva Luxembourg SA, 6.50%, 09/20/26(e) |
|
|
USD |
|
|
|
200 |
|
|
$ |
207,294 |
|
Pilgrims Pride Corp.(e): |
|
|
|
|
|
|
|
|
|
|
|
|
5.75%, 03/15/25 |
|
|
|
|
|
|
174 |
|
|
|
182,613 |
|
5.88%, 09/30/27 |
|
|
|
|
|
|
148 |
|
|
|
154,475 |
|
Post Holdings, Inc.(e): |
|
|
|
|
|
|
|
|
|
|
|
|
5.50%, 03/01/25 |
|
|
|
|
|
|
242 |
|
|
|
251,377 |
|
5.00%, 08/15/26 |
|
|
|
|
|
|
305 |
|
|
|
302,331 |
|
5.75%, 03/01/27 |
|
|
|
|
|
|
370 |
|
|
|
377,511 |
|
5.63%, 01/15/28(g) |
|
|
|
|
|
|
164 |
|
|
|
165,230 |
|
TreeHouse Foods, Inc., 6.00%, 02/15/24(e)(h) |
|
|
|
|
|
|
383 |
|
|
|
400,714 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,561,955 |
|
Health Care Equipment & Supplies 0.9% |
|
Avantor, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
4.75%, 10/01/24 |
|
|
EUR |
|
|
|
100 |
|
|
|
120,567 |
|
6.00%, 10/01/24(e)(h) |
|
|
USD |
|
|
|
1,571 |
|
|
|
1,571,982 |
|
9.00%, 10/01/25(e) |
|
|
|
|
|
|
398 |
|
|
|
391,035 |
|
Crimson Merger Sub, Inc.,
6.63%, 05/15/22(e)(h) |
|
|
|
|
|
|
1,126 |
|
|
|
1,114,740 |
|
DJO Finco, Inc./DJO Finance LLC/DJO Finance Corp., 8.13%, 06/15/21(e)(h) |
|
|
|
|
|
|
1,093 |
|
|
|
1,034,934 |
|
Mallinckrodt International Finance SA/Mallinckrodt CB
LLC(e): |
|
|
|
|
|
|
|
|
|
|
|
|
4.88%, 04/15/20(h) |
|
|
|
|
|
|
284 |
|
|
|
274,060 |
|
5.75%, 08/01/22 |
|
|
|
|
|
|
402 |
|
|
|
370,845 |
|
5.63%, 10/15/23 |
|
|
|
|
|
|
162 |
|
|
|
142,155 |
|
5.50%, 04/15/25 |
|
|
|
|
|
|
57 |
|
|
|
48,023 |
|
Teleflex, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
5.25%, 06/15/24 |
|
|
|
|
|
|
250 |
|
|
|
262,500 |
|
4.88%, 06/01/26 |
|
|
|
|
|
|
56 |
|
|
|
58,010 |
|
Thermo Fisher Scientific,
Inc., 3.00%, 04/15/23(h) |
|
|
|
|
|
|
305 |
|
|
|
306,112 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,694,963 |
|
Health Care Providers & Services 2.7% |
|
Acadia Healthcare Co., Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
5.13%, 07/01/22 |
|
|
|
|
|
|
85 |
|
|
|
84,906 |
|
5.63%, 02/15/23 |
|
|
|
|
|
|
90 |
|
|
|
90,450 |
|
6.50%, 03/01/24 |
|
|
|
|
|
|
196 |
|
|
|
202,370 |
|
Aetna, Inc., 2.80%, 06/15/23(h) |
|
|
|
|
|
|
340 |
|
|
|
334,654 |
|
Amsurg Corp., 5.63%, 07/15/22(h) |
|
|
|
|
|
|
675 |
|
|
|
688,500 |
|
|
|
|
|
|
SCHEDULES OF INVESTMENTS |
|
|
11 |
|
|
|
|
Schedule of Investments (unaudited) (continued)
November 30, 2017 |
|
BlackRock Limited Duration Income Trust (BLW)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par
(000) |
|
|
Value |
|
Health Care Providers & Services (continued) |
|
Centene Corp.: |
|
|
|
|
|
|
|
|
|
|
|
|
5.63%, 02/15/21 |
|
|
USD |
|
|
|
359 |
|
|
$ |
370,667 |
|
4.75%, 05/15/22(h) |
|
|
|
|
|
|
314 |
|
|
|
325,935 |
|
6.13%, 02/15/24 |
|
|
|
|
|
|
37 |
|
|
|
39,590 |
|
4.75%, 01/15/25 |
|
|
|
|
|
|
430 |
|
|
|
441,094 |
|
CHS/Community Health Systems, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
8.00%, 11/15/19 |
|
|
|
|
|
|
154 |
|
|
|
138,023 |
|
7.13%, 07/15/20(h) |
|
|
|
|
|
|
169 |
|
|
|
131,820 |
|
5.13%, 08/01/21 |
|
|
|
|
|
|
352 |
|
|
|
330,000 |
|
6.25%, 03/31/23 |
|
|
|
|
|
|
64 |
|
|
|
59,840 |
|
DaVita, Inc., 5.13%, 07/15/24(h) |
|
|
|
|
|
|
235 |
|
|
|
239,112 |
|
Eagle Holding Co. II LLC, (7.63% Cash or 8.38% PIK), 7.63%, 05/15/22(e)(i) |
|
|
|
|
|
|
258 |
|
|
|
261,870 |
|
Envision Healthcare Corp.(e): |
|
|
|
|
|
|
|
|
|
|
|
|
5.13%, 07/01/22 |
|
|
|
|
|
|
73 |
|
|
|
71,631 |
|
6.25%, 12/01/24 |
|
|
|
|
|
|
225 |
|
|
|
237,094 |
|
HCA, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
6.50%, 02/15/20(h) |
|
|
|
|
|
|
911 |
|
|
|
978,186 |
|
7.50%, 02/15/22(h) |
|
|
|
|
|
|
342 |
|
|
|
385,605 |
|
5.88%, 03/15/22(h) |
|
|
|
|
|
|
57 |
|
|
|
61,774 |
|
4.75%, 05/01/23 |
|
|
|
|
|
|
38 |
|
|
|
39,663 |
|
5.88%, 05/01/23 |
|
|
|
|
|
|
70 |
|
|
|
74,200 |
|
5.00%, 03/15/24(h) |
|
|
|
|
|
|
1,180 |
|
|
|
1,239,000 |
|
5.38%, 02/01/25(h) |
|
|
|
|
|
|
647 |
|
|
|
671,262 |
|
5.25%, 04/15/25(h) |
|
|
|
|
|
|
1,053 |
|
|
|
1,121,445 |
|
5.88%, 02/15/26(h) |
|
|
|
|
|
|
336 |
|
|
|
357,420 |
|
5.25%, 06/15/26(h) |
|
|
|
|
|
|
143 |
|
|
|
151,848 |
|
4.50%, 02/15/27 |
|
|
|
|
|
|
86 |
|
|
|
87,204 |
|
5.50%, 06/15/47(h) |
|
|
|
|
|
|
913 |
|
|
|
924,412 |
|
HealthSouth Corp., 5.75%, 11/01/24(h) |
|
|
|
|
|
|
80 |
|
|
|
81,900 |
|
Hologic, Inc., 2.00%, 03/01/42(l) |
|
|
|
|
|
|
274 |
|
|
|
375,380 |
|
MEDNAX, Inc., 5.25%, 12/01/23(e)(h) |
|
|
|
|
|
|
123 |
|
|
|
126,075 |
|
Molina Healthcare, Inc.,
4.88%, 06/15/25(e) |
|
|
|
|
|
|
108 |
|
|
|
108,000 |
|
MPH Acquisition Holdings LLC,
7.13%, 06/01/24(e)(h) |
|
|
|
|
|
|
498 |
|
|
|
534,727 |
|
Polaris Intermediate Corp., (8.50% Cash)
12/01/22(e)(h)(i) |
|
|
|
|
|
|
592 |
|
|
|
615,917 |
|
RegionalCare Hospital Partners Holdings, Inc., 8.25%, 05/01/23(e) |
|
|
|
|
|
|
137 |
|
|
|
140,083 |
|
Sterigenics-Nordion Holdings LLC,
6.50%, 05/15/23(e) |
|
|
|
|
|
|
104 |
|
|
|
109,200 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par
(000) |
|
|
Value |
|
Health Care Providers & Services (continued) |
|
Surgery Center Holdings, Inc.(e): |
|
|
|
|
|
|
|
|
|
|
|
|
8.88%, 04/15/21 |
|
|
USD |
|
|
|
139 |
|
|
$ |
140,043 |
|
6.75%, 07/01/25(h) |
|
|
|
|
|
|
272 |
|
|
|
247,520 |
|
Tenet Healthcare Corp.: |
|
|
|
|
|
|
|
|
|
|
|
|
6.00%, 10/01/20(h) |
|
|
|
|
|
|
761 |
|
|
|
799,050 |
|
7.50%, 01/01/22(e) |
|
|
|
|
|
|
148 |
|
|
|
156,140 |
|
8.13%, 04/01/22 |
|
|
|
|
|
|
388 |
|
|
|
384,120 |
|
6.75%, 06/15/23(h) |
|
|
|
|
|
|
540 |
|
|
|
504,889 |
|
4.63%, 07/15/24(e) |
|
|
|
|
|
|
185 |
|
|
|
182,225 |
|
THC Escrow Corp. III(e): |
|
|
|
|
|
|
|
|
|
|
|
|
5.13%, 05/01/25 |
|
|
|
|
|
|
161 |
|
|
|
154,963 |
|
7.00%, 08/01/25 |
|
|
|
|
|
|
415 |
|
|
|
376,612 |
|
UnitedHealth Group, Inc.,
3.75%, 07/15/25(h) |
|
|
|
|
|
|
1,470 |
|
|
|
1,542,120 |
|
Vizient, Inc., 10.38%, 03/01/24(e) |
|
|
|
|
|
|
322 |
|
|
|
363,860 |
|
WellCare Health Plans, Inc., 5.25%, 04/01/25 |
|
|
|
|
|
|
85 |
|
|
|
89,994 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
17,172,393 |
|
Health Care Technology 0.0% |
|
Quintiles IMS, Inc., 3.25%, 03/15/25(e) |
|
|
EUR |
|
|
|
100 |
|
|
|
122,832 |
|
|
|
|
|
|
|
|
|
|
Hotels, Restaurants & Leisure 4.6% |
|
Arcos Dorados Holdings, Inc., 5.88%,
04/04/27(e) |
|
|
USD |
|
|
|
203 |
|
|
|
215,355 |
|
Burger King France SAS, (3 mo. Euribor + 5.25%), 5.25%, 05/01/23(d) |
|
|
EUR |
|
|
|
100 |
|
|
|
122,003 |
|
Caesars Entertainment Resort Properties LLC/Caesars Entertainment Resort Property, 8.00%, 10/01/20(h) |
|
|
USD |
|
|
|
2,090 |
|
|
|
2,137,025 |
|
Cirsa Funding Luxembourg SA, 5.88%, 05/15/23 |
|
|
EUR |
|
|
|
100 |
|
|
|
124,976 |
|
Codere Finance 2 Luxembourg SA, 6.75%, 11/01/21 |
|
|
|
|
|
|
100 |
|
|
|
125,846 |
|
CPUK Finance Ltd., 4.25%, 02/28/47 |
|
|
GBP |
|
|
|
100 |
|
|
|
137,738 |
|
CRC Escrow Issuer LLC/CRC Finco,
Inc., 5.25%, 10/15/25(e) |
|
|
USD |
|
|
|
627 |
|
|
|
627,784 |
|
Eldorado Resorts, Inc., 6.00%, 04/01/25 |
|
|
|
|
|
|
105 |
|
|
|
110,544 |
|
ESH Hospitality, Inc.,
5.25%, 05/01/25(e)(h) |
|
|
|
|
|
|
275 |
|
|
|
279,812 |
|
|
|
|
12 |
|
2017 BLACKROCK QUARTERLY REPORT TO SHAREHOLDERS |
|
|
|
Schedule of Investments (unaudited) (continued)
November 30, 2017 |
|
BlackRock Limited Duration Income Trust (BLW)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par
(000) |
|
|
Value |
|
Hotels, Restaurants & Leisure (continued) |
|
GLP Capital LP/GLP Financing II, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
5.38%, 11/01/23 |
|
|
USD |
|
|
|
126 |
|
|
$ |
135,608 |
|
5.38%, 04/15/26 |
|
|
|
|
|
|
95 |
|
|
|
102,540 |
|
Golden Nugget, Inc., 6.75%, 10/15/24(e) |
|
|
|
|
|
|
49 |
|
|
|
50,041 |
|
International Game Technology PLC, 4.75%, 02/15/23 |
|
|
EUR |
|
|
|
125 |
|
|
|
169,380 |
|
Jacobs Entertainment, Inc.,
7.88%, 02/01/24(e) |
|
|
USD |
|
|
|
89 |
|
|
|
95,675 |
|
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell of America
LLC(e): |
|
|
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/24 |
|
|
|
|
|
|
35 |
|
|
|
36,663 |
|
5.25%, 06/01/26 |
|
|
|
|
|
|
292 |
|
|
|
308,790 |
|
McDonalds Corp., 3.70%, 01/30/26(h) |
|
|
|
|
|
|
405 |
|
|
|
421,025 |
|
Melco Resorts Finance Ltd.,
4.88%, 06/06/25(e) |
|
|
|
|
|
|
375 |
|
|
|
377,732 |
|
MGM Resorts International: |
|
|
|
|
|
|
|
|
|
|
|
|
5.25%, 03/31/20(h) |
|
|
|
|
|
|
442 |
|
|
|
465,205 |
|
6.75%, 10/01/20(h) |
|
|
|
|
|
|
325 |
|
|
|
355,368 |
|
6.63%, 12/15/21(h) |
|
|
|
|
|
|
863 |
|
|
|
960,079 |
|
7.75%, 03/15/22 |
|
|
|
|
|
|
149 |
|
|
|
172,885 |
|
New Red Finance, Inc.(e): |
|
|
|
|
|
|
|
|
|
|
|
|
4.25%, 05/15/24 |
|
|
|
|
|
|
245 |
|
|
|
245,368 |
|
5.00%, 10/15/25(h) |
|
|
|
|
|
|
1,764 |
|
|
|
1,806,997 |
|
RHP Hotel Properties LP/RHP Finance Corp.,
5.00%, 04/15/21(h) |
|
|
|
|
|
|
630 |
|
|
|
641,025 |
|
Sabre GLBL, Inc.(e): |
|
|
|
|
|
|
|
|
|
|
|
|
5.38%, 04/15/23 |
|
|
|
|
|
|
147 |
|
|
|
152,880 |
|
5.25%, 11/15/23 |
|
|
|
|
|
|
180 |
|
|
|
186,750 |
|
Scientific Games International, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
7.00%, 01/01/22(e)(h) |
|
|
|
|
|
|
1,561 |
|
|
|
1,646,855 |
|
10.00%, 12/01/22(h) |
|
|
|
|
|
|
988 |
|
|
|
1,088,035 |
|
5.00%, 10/15/25(e) |
|
|
|
|
|
|
241 |
|
|
|
243,711 |
|
Six Flags Entertainment Corp.(e)(h): |
|
|
|
|
|
|
|
|
|
|
|
|
4.88%, 07/31/24 |
|
|
|
|
|
|
795 |
|
|
|
808,912 |
|
5.50%, 04/15/27 |
|
|
|
|
|
|
266 |
|
|
|
275,310 |
|
Spirit Issuer PLC: |
|
|
|
|
|
|
|
|
|
|
|
|
Series A1, (3 mo. LIBOR GBP + 0.55%), 0.88%, 12/28/28(d) |
|
|
GBP |
|
|
|
445 |
|
|
|
601,273 |
|
Series A2, (3 mo. LIBOR GBP + 2.70%), 3.03%, 12/28/31(d) |
|
|
|
|
|
|
1,800 |
|
|
|
2,349,214 |
|
Series A5, 5.47%, 12/28/28 |
|
|
|
|
|
|
4,500 |
|
|
|
6,694,674 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par
(000) |
|
|
Value |
|
Hotels, Restaurants & Leisure (continued) |
|
Spirit Issuer PLC (continued): |
|
|
|
|
|
|
|
|
|
|
|
|
Series A6, (3 mo. LIBOR GBP + 1.80%), 2.13%, 12/28/36(d) |
|
|
GBP |
|
|
|
2,670 |
|
|
$ |
3,610,548 |
|
Station Casinos LLC, 5.00%, 10/01/25(e) |
|
|
USD |
|
|
|
303 |
|
|
|
302,888 |
|
Unique Pub Finance Co. PLC, Series A4, 5.66%, 06/30/27 |
|
|
GBP |
|
|
|
63 |
|
|
|
95,836 |
|
Wyndham Worldwide Corp.,
4.15%, 04/01/24(h) |
|
|
USD |
|
|
|
750 |
|
|
|
753,559 |
|
Yum! Brands, Inc., 3.88%, 11/01/23 |
|
|
|
|
|
|
98 |
|
|
|
98,735 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
29,134,644 |
|
Household Durables 0.7% |
|
Berkline/Benchcraft
LLC, 4.50%, 06/01/18(a)(b)(c) |
|
|
|
|
|
|
200 |
|
|
|
|
|
Brookfield Residential Properties, Inc./Brookfield Residential US Corp., 6.13%, 07/01/22(e) |
|
|
|
|
|
|
259 |
|
|
|
270,409 |
|
CalAtlantic Group, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
8.38%, 01/15/21 |
|
|
|
|
|
|
134 |
|
|
|
154,937 |
|
6.25%, 12/15/21(h) |
|
|
|
|
|
|
380 |
|
|
|
418,000 |
|
5.38%, 10/01/22 |
|
|
|
|
|
|
6 |
|
|
|
6,480 |
|
5.25%, 06/01/26 |
|
|
|
|
|
|
28 |
|
|
|
29,400 |
|
K Hovnanian Enterprises, Inc.(e): |
|
|
|
|
|
|
|
|
|
|
|
|
10.00%, 07/15/22 |
|
|
|
|
|
|
92 |
|
|
|
100,280 |
|
10.50%, 07/15/24 |
|
|
|
|
|
|
92 |
|
|
|
101,890 |
|
Lennar Corp.: |
|
|
|
|
|
|
|
|
|
|
|
|
4.50%, 11/15/19 |
|
|
|
|
|
|
370 |
|
|
|
379,712 |
|
2.95%, 11/29/20(e) |
|
|
|
|
|
|
99 |
|
|
|
98,381 |
|
4.75%, 04/01/21 |
|
|
|
|
|
|
26 |
|
|
|
27,235 |
|
4.13%, 01/15/22 |
|
|
|
|
|
|
118 |
|
|
|
120,655 |
|
4.75%, 11/15/22 |
|
|
|
|
|
|
151 |
|
|
|
159,494 |
|
4.88%, 12/15/23 |
|
|
|
|
|
|
122 |
|
|
|
128,100 |
|
4.75%, 05/30/25 |
|
|
|
|
|
|
260 |
|
|
|
268,450 |
|
4.75%, 11/29/27(e) |
|
|
|
|
|
|
360 |
|
|
|
368,100 |
|
Mattamy Group Corp.(e): |
|
|
|
|
|
|
|
|
|
|
|
|
6.88%, 12/15/23 |
|
|
|
|
|
|
143 |
|
|
|
150,157 |
|
6.50%, 10/01/25 |
|
|
|
|
|
|
176 |
|
|
|
184,360 |
|
MDC Holdings, Inc., 6.00%, 01/15/43 |
|
|
|
|
|
|
210 |
|
|
|
207,375 |
|
Meritage Homes Corp., 5.13%, 06/06/27 |
|
|
|
|
|
|
104 |
|
|
|
105,201 |
|
PulteGroup, Inc., 6.38%, 05/15/33(h) |
|
|
|
|
|
|
469 |
|
|
|
525,280 |
|
Tempur Sealy International, Inc.,
5.50%, 06/15/26(h) |
|
|
|
|
|
|
180 |
|
|
|
184,275 |
|
|
|
|
|
|
SCHEDULES OF INVESTMENTS |
|
|
13 |
|
|
|
|
Schedule of Investments (unaudited) (continued)
November 30, 2017 |
|
BlackRock Limited Duration Income Trust (BLW)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par
(000) |
|
|
Value |
|
Household Durables (continued) |
|
TRI Pointe Group, Inc./TRI Pointe Homes, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
4.38%, 06/15/19 |
|
|
USD |
|
|
|
110 |
|
|
$ |
112,200 |
|
4.88%, 07/01/21 |
|
|
|
|
|
|
112 |
|
|
|
117,320 |
|
5.88%, 06/15/24(h) |
|
|
|
|
|
|
248 |
|
|
|
267,146 |
|
5.25%, 06/01/27 |
|
|
|
|
|
|
18 |
|
|
|
18,381 |
|
William Lyon Homes, Inc., 5.88%, 01/31/25 |
|
|
|
|
|
|
95 |
|
|
|
97,138 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,600,356 |
|
Household Products 0.2% |
|
ACCO Brands Corp., 5.25%, 12/15/24(e) |
|
|
|
|
|
|
85 |
|
|
|
88,506 |
|
Diamond BC BV, 5.63%, 08/15/25 |
|
|
EUR |
|
|
|
106 |
|
|
|
128,361 |
|
Prestige Brands, Inc., 6.38%, 03/01/24(e) |
|
|
USD |
|
|
|
150 |
|
|
|
156,375 |
|
Spectrum Brands, Inc., 6.63%, 11/15/22(h) |
|
|
|
|
|
|
815 |
|
|
|
845,563 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,218,805 |
|
Independent Power and Renewable Electricity Producers 0.8% |
|
AES Corp., 5.50%, 03/15/24 |
|
|
|
|
|
|
8 |
|
|
|
8,380 |
|
Calpine Corp.: |
|
|
|
|
|
|
|
|
|
|
|
|
5.88%, 01/15/24(e) |
|
|
|
|
|
|
286 |
|
|
|
295,295 |
|
5.50%, 02/01/24 |
|
|
|
|
|
|
164 |
|
|
|
158,465 |
|
5.25%, 06/01/26(e) |
|
|
|
|
|
|
442 |
|
|
|
446,972 |
|
Colbun SA, 3.95%, 10/11/27(e) |
|
|
|
|
|
|
200 |
|
|
|
200,375 |
|
Dynegy, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
7.38%, 11/01/22 |
|
|
|
|
|
|
324 |
|
|
|
346,275 |
|
5.88%, 06/01/23 |
|
|
|
|
|
|
35 |
|
|
|
36,138 |
|
8.00%, 01/15/25(e) |
|
|
|
|
|
|
214 |
|
|
|
235,400 |
|
8.13%, 01/30/26(e) |
|
|
|
|
|
|
171 |
|
|
|
190,237 |
|
Genneia SA, 8.75%, 01/20/22(e) |
|
|
|
|
|
|
293 |
|
|
|
321,195 |
|
NRG Energy, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
6.63%, 03/15/23 |
|
|
|
|
|
|
211 |
|
|
|
218,828 |
|
6.63%, 01/15/27 |
|
|
|
|
|
|
697 |
|
|
|
751,017 |
|
5.75%, 01/15/28 |
|
|
|
|
|
|
468 |
|
|
|
468,000 |
|
NRG Yield Operating LLC, 5.38%, 08/15/24(h) |
|
|
|
|
|
|
325 |
|
|
|
337,187 |
|
QEP Resources, Inc., 5.38%, 10/01/22(h) |
|
|
|
|
|
|
109 |
|
|
|
111,589 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par
(000) |
|
|
Value |
|
Independent Power and Renewable Electricity Producers (continued) |
|
TerraForm Power Operating LLC(e): |
|
|
|
|
|
|
|
|
|
|
|
|
4.25%, 01/31/23(g) |
|
|
USD |
|
|
|
181 |
|
|
$ |
181,453 |
|
6.38%, 02/01/23(l) |
|
|
|
|
|
|
188 |
|
|
|
198,152 |
|
6.63%, 06/15/25(l) |
|
|
|
|
|
|
30 |
|
|
|
32,888 |
|
5.00%, 01/31/28(g) |
|
|
|
|
|
|
181 |
|
|
|
181,679 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,719,525 |
|
Industrial Conglomerates 0.1% |
|
Vertiv Group Corp., 9.25%, 10/15/24(e) |
|
|
|
|
|
|
550 |
|
|
|
597,437 |
|
|
|
|
|
|
|
|
|
|
Insurance 1.8% |
|
Acrisure LLC/Acrisure Finance, Inc., 7.00%,
11/15/25(e) |
|
|
|
|
|
|
225 |
|
|
|
221,906 |
|
Allied World Assurance Co. Holdings Ltd., 4.35%,
10/29/25(h) |
|
|
|
|
|
|
360 |
|
|
|
364,031 |
|
American International Group, Inc., 3.75%,
07/10/25(h) |
|
|
|
|
|
|
2,705 |
|
|
|
2,772,691 |
|
Aon PLC, 3.88%, 12/15/25(h) |
|
|
|
|
|
|
1,115 |
|
|
|
1,163,410 |
|
Ardonagh Midco 3 PLC: |
|
|
|
|
|
|
|
|
|
|
|
|
8.38%, 07/15/23 |
|
|
GBP |
|
|
|
100 |
|
|
|
139,297 |
|
8.63%, 07/15/23(e) |
|
|
USD |
|
|
|
436 |
|
|
|
454,478 |
|
Assicurazioni Generali SpA(j): |
|
|
|
|
|
|
|
|
|
|
|
|
, (3 mo. Euribor + 7.11%), 7.75%, 12/12/42 |
|
|
EUR |
|
|
|
100 |
|
|
|
153,840 |
|
, (3 mo. Euribor + 5.35%), 5.50%, 10/27/47 |
|
|
|
|
|
|
100 |
|
|
|
143,366 |
|
AssuredPartners, Inc., 7.00%, 08/15/25(e) |
|
|
USD |
|
|
|
53 |
|
|
|
53,398 |
|
Forethought Financial Group, Inc., 8.63%,
04/15/21(e)(h) |
|
|
|
|
|
|
750 |
|
|
|
875,152 |
|
Groupama SA, 6.00%, 01/23/27 |
|
|
EUR |
|
|
|
100 |
|
|
|
149,971 |
|
HUB International Ltd., 7.88%, 10/01/21(e)(h) |
|
|
USD |
|
|
|
948 |
|
|
|
985,920 |
|
Lincoln National Corp., 3.35%, 03/09/25(h) |
|
|
|
|
|
|
845 |
|
|
|
846,744 |
|
Muenchener Rueckversicherungs AG, (3 mo. Euribor + 3.50%), 6.00%, 05/26/41(j) |
|
|
EUR |
|
|
|
400 |
|
|
|
565,359 |
|
Nationwide Building Society, 4.13%,
10/18/32(e)(f) |
|
|
USD |
|
|
|
595 |
|
|
|
594,406 |
|
Old Mutual PLC, 8.00%, 06/03/21 |
|
|
GBP |
|
|
|
100 |
|
|
|
156,666 |
|
|
|
|
14 |
|
2017 BLACKROCK QUARTERLY REPORT TO SHAREHOLDERS |
|
|
|
Schedule of Investments (unaudited) (continued)
November 30, 2017 |
|
BlackRock Limited Duration Income Trust (BLW)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par
(000) |
|
|
Value |
|
Insurance (continued) |
|
Radian Group, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
5.25%, 06/15/20 |
|
|
USD |
|
|
|
53 |
|
|
$ |
55,915 |
|
4.50%, 10/01/24 |
|
|
|
|
|
|
353 |
|
|
|
362,813 |
|
USIS Merger Sub, Inc., 6.88%, 05/01/25(e) |
|
|
|
|
|
|
63 |
|
|
|
63,788 |
|
Wayne Merger Sub LLC, 8.25%, 08/01/23(e)(h) |
|
|
|
|
|
|
845 |
|
|
|
885,137 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11,008,288 |
|
Internet Software & Services 0.4% |
|
Equinix, Inc., 5.88%, 01/15/26(h) |
|
|
|
|
|
|
623 |
|
|
|
675,955 |
|
Match Group, Inc., 5.00%, 12/15/27(e)(g) |
|
|
|
|
|
|
94 |
|
|
|
94,705 |
|
Netflix, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
4.38%, 11/15/26 |
|
|
|
|
|
|
543 |
|
|
|
532,819 |
|
3.63%, 05/15/27 |
|
|
EUR |
|
|
|
100 |
|
|
|
119,620 |
|
4.88%, 04/15/28(e) |
|
|
USD |
|
|
|
478 |
|
|
|
472,622 |
|
Symantec Corp., 5.00%, 04/15/25(e) |
|
|
|
|
|
|
158 |
|
|
|
165,821 |
|
United Group BV, 4.38%, 07/01/22 |
|
|
EUR |
|
|
|
126 |
|
|
|
156,345 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,217,887 |
|
IT Services 0.7% |
|
Ceridian HCM Holding, Inc., 11.00%,
03/15/21(e)(h) |
|
|
USD |
|
|
|
404 |
|
|
|
425,210 |
|
First Data Corp.(e): |
|
|
|
|
|
|
|
|
|
|
|
|
7.00%, 12/01/23(h) |
|
|
|
|
|
|
1,190 |
|
|
|
1,261,400 |
|
5.00%, 01/15/24 |
|
|
|
|
|
|
180 |
|
|
|
186,300 |
|
5.75%, 01/15/24(h) |
|
|
|
|
|
|
2,100 |
|
|
|
2,178,750 |
|
Gartner, Inc., 5.13%, 04/01/25(e) |
|
|
|
|
|
|
174 |
|
|
|
181,830 |
|
WEX, Inc., 4.75%, 02/01/23(e) |
|
|
|
|
|
|
431 |
|
|
|
440,697 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,674,187 |
|
Machinery 0.2% |
|
SPX FLOW, Inc.(e): |
|
|
|
|
|
|
|
|
|
|
|
|
5.63%, 08/15/24 |
|
|
|
|
|
|
292 |
|
|
|
307,330 |
|
5.88%, 08/15/26 |
|
|
|
|
|
|
139 |
|
|
|
147,340 |
|
Terex Corp., 5.63%, 02/01/25(e)(h) |
|
|
|
|
|
|
354 |
|
|
|
373,691 |
|
Wabash National Corp., 5.50%, 10/01/25(e) |
|
|
|
|
|
|
241 |
|
|
|
242,808 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,071,169 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par
(000) |
|
|
Value |
|
Media 6.4% |
|
Altice Financing SA(e): |
|
|
|
|
|
|
|
|
|
|
|
|
6.63%, 02/15/23 |
|
|
USD |
|
|
|
365 |
|
|
$ |
374,125 |
|
7.50%, 05/15/26(h) |
|
|
|
|
|
|
1,084 |
|
|
|
1,132,780 |
|
Altice Luxembourg SA: |
|
|
|
|
|
|
|
|
|
|
|
|
7.75%, 05/15/22(e)(h) |
|
|
|
|
|
|
665 |
|
|
|
633,412 |
|
6.25%, 02/15/25 |
|
|
EUR |
|
|
|
100 |
|
|
|
111,876 |
|
Altice US Finance I Corp.(e): |
|
|
|
|
|
|
|
|
|
|
|
|
5.38%, 07/15/23(h) |
|
|
USD |
|
|
|
1,346 |
|
|
|
1,369,555 |
|
5.50%, 05/15/26 |
|
|
|
|
|
|
200 |
|
|
|
202,500 |
|
AMC Networks, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
5.00%, 04/01/24(h) |
|
|
|
|
|
|
318 |
|
|
|
321,975 |
|
4.75%, 08/01/25 |
|
|
|
|
|
|
196 |
|
|
|
194,530 |
|
Cablevision SA, 6.50%, 06/15/21(e) |
|
|
|
|
|
|
176 |
|
|
|
186,796 |
|
Cablevision Systems Corp.: |
|
|
|
|
|
|
|
|
|
|
|
|
7.75%, 04/15/18(h) |
|
|
|
|
|
|
464 |
|
|
|
472,120 |
|
8.00%, 04/15/20 |
|
|
|
|
|
|
125 |
|
|
|
133,750 |
|
CBS Radio, Inc., 7.25%, 11/01/24(e) |
|
|
|
|
|
|
79 |
|
|
|
83,148 |
|
CCO Holdings LLC/CCO Holdings Capital Corp.: |
|
|
|
|
|
|
|
|
|
|
|
|
5.13%, 02/15/23(h) |
|
|
|
|
|
|
270 |
|
|
|
276,750 |
|
4.00%, 03/01/23(e) |
|
|
|
|
|
|
662 |
|
|
|
661,586 |
|
5.13%, 05/01/23(e)(h) |
|
|
|
|
|
|
375 |
|
|
|
388,125 |
|
5.13%, 05/01/27(e)(h) |
|
|
|
|
|
|
2,245 |
|
|
|
2,223,953 |
|
5.00%, 02/01/28(e) |
|
|
|
|
|
|
780 |
|
|
|
764,400 |
|
Cequel Communications Holdings I LLC/Cequel Capital
Corp.(e): |
|
|
|
|
|
|
|
|
|
|
|
|
6.38%, 09/15/20 |
|
|
|
|
|
|
105 |
|
|
|
106,444 |
|
5.13%, 12/15/21 |
|
|
|
|
|
|
187 |
|
|
|
187,701 |
|
5.13%, 12/15/21(h) |
|
|
|
|
|
|
640 |
|
|
|
640,397 |
|
7.75%, 07/15/25(h) |
|
|
|
|
|
|
1,276 |
|
|
|
1,358,940 |
|
Charter Communications Operating LLC/Charter Communications Operating Capital, 4.91%, 07/23/25(h) |
|
|
|
|
|
|
2,425 |
|
|
|
2,561,835 |
|
Clear Channel International BV, 8.75%,
12/15/20(e)(h) |
|
|
|
|
|
|
560 |
|
|
|
578,200 |
|
Clear Channel Worldwide Holdings, Inc.(h): |
|
|
|
|
|
|
|
|
|
|
|
|
6.50%, 11/15/22 |
|
|
|
|
|
|
2,817 |
|
|
|
2,848,781 |
|
Series B, 7.63%, 03/15/20 |
|
|
|
|
|
|
1,199 |
|
|
|
1,187,010 |
|
CSC Holdings LLC(h): |
|
|
|
|
|
|
|
|
|
|
|
|
10.13%, 01/15/23(e) |
|
|
|
|
|
|
1,210 |
|
|
|
1,365,787 |
|
5.25%, 06/01/24 |
|
|
|
|
|
|
550 |
|
|
|
536,078 |
|
|
|
|
|
|
SCHEDULES OF INVESTMENTS |
|
|
15 |
|
|
|
|
Schedule of Investments (unaudited) (continued)
November 30, 2017 |
|
BlackRock Limited Duration Income Trust (BLW)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par
(000) |
|
|
Value |
|
Media (continued) |
|
CSC Holdings LLC(h) (continued): |
|
|
|
|
|
|
|
|
|
|
|
|
6.63%, 10/15/25(e) |
|
|
USD |
|
|
|
235 |
|
|
$ |
253,213 |
|
10.88%, 10/15/25(e) |
|
|
|
|
|
|
1,550 |
|
|
|
1,831,906 |
|
Discovery Communications LLC(h): |
|
|
|
|
|
|
|
|
|
|
|
|
3.25%, 04/01/23 |
|
|
|
|
|
|
1,490 |
|
|
|
1,480,075 |
|
3.45%, 03/15/25 |
|
|
|
|
|
|
170 |
|
|
|
166,556 |
|
DISH DBS Corp.: |
|
|
|
|
|
|
|
|
|
|
|
|
5.88%, 07/15/22(h) |
|
|
|
|
|
|
570 |
|
|
|
586,387 |
|
5.00%, 03/15/23 |
|
|
|
|
|
|
358 |
|
|
|
349,497 |
|
5.88%, 11/15/24 |
|
|
|
|
|
|
103 |
|
|
|
103,773 |
|
7.75%, 07/01/26(h) |
|
|
|
|
|
|
867 |
|
|
|
935,276 |
|
DISH Network Corp., 3.38%, 08/15/26(m) |
|
|
|
|
|
|
394 |
|
|
|
439,064 |
|
eircom Finance DAC, 4.50%, 05/31/22 |
|
|
EUR |
|
|
|
100 |
|
|
|
123,453 |
|
GTT Communications, Inc., 7.88%, 12/31/24(e) |
|
|
USD |
|
|
|
224 |
|
|
|
236,150 |
|
Hughes Satellite Systems Corp.: |
|
|
|
|
|
|
|
|
|
|
|
|
7.63%, 06/15/21 |
|
|
|
|
|
|
93 |
|
|
|
102,881 |
|
5.25%, 08/01/26(h) |
|
|
|
|
|
|
413 |
|
|
|
419,220 |
|
6.63%, 08/01/26 |
|
|
|
|
|
|
233 |
|
|
|
243,776 |
|
iHeartCommunications, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
9.00%, 12/15/19 |
|
|
|
|
|
|
380 |
|
|
|
282,150 |
|
9.00%, 09/15/22 |
|
|
|
|
|
|
755 |
|
|
|
545,487 |
|
10.63%, 03/15/23 |
|
|
|
|
|
|
84 |
|
|
|
59,850 |
|
Intelsat Jackson Holdings SA: |
|
|
|
|
|
|
|
|
|
|
|
|
7.25%, 10/15/20 |
|
|
|
|
|
|
296 |
|
|
|
279,720 |
|
5.50%, 08/01/23(h) |
|
|
|
|
|
|
489 |
|
|
|
400,369 |
|
9.75%, 07/15/25(e) |
|
|
|
|
|
|
408 |
|
|
|
395,250 |
|
LG Finance Co. Corp., 5.88%, 11/01/24(e) |
|
|
|
|
|
|
85 |
|
|
|
89,781 |
|
McGraw-Hill Global Education Holdings LLC/McGraw-Hill Global Education Finance, 7.88%, 05/15/24(e) |
|
|
|
|
|
|
91 |
|
|
|
90,773 |
|
MDC Partners, Inc., 6.50%, 05/01/24(e) |
|
|
|
|
|
|
341 |
|
|
|
342,705 |
|
Midcontinent Communications/Midcontinent Finance Corp., 6.88%, 08/15/23(e) |
|
|
|
|
|
|
233 |
|
|
|
247,563 |
|
Numericable Group SA, 5.38%, 05/15/22 |
|
|
EUR |
|
|
|
110 |
|
|
|
133,324 |
|
Outfront Media Capital LLC/Outfront Media Capital Corp., 5.25%, 02/15/22 |
|
|
USD |
|
|
|
300 |
|
|
|
308,436 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par
(000) |
|
|
Value |
|
Media (continued) |
|
SFR Group SA(e): |
|
|
|
|
|
|
|
|
|
|
|
|
6.00%, 05/15/22(h) |
|
|
USD |
|
|
|
370 |
|
|
$ |
373,008 |
|
6.25%, 05/15/24 |
|
|
|
|
|
|
420 |
|
|
|
412,650 |
|
7.38%, 05/01/26(h) |
|
|
|
|
|
|
1,482 |
|
|
|
1,492,937 |
|
Sirius XM Radio, Inc., 5.00%, 08/01/27(e) |
|
|
|
|
|
|
85 |
|
|
|
85,956 |
|
Sterling Entertainment Corp., 9.75%,
12/15/19(a) |
|
|
|
|
|
|
1,175 |
|
|
|
1,163,250 |
|
TEGNA, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
5.13%, 10/15/19 |
|
|
|
|
|
|
105 |
|
|
|
106,444 |
|
5.50%, 09/15/24(e) |
|
|
|
|
|
|
66 |
|
|
|
68,723 |
|
Telenet Finance Luxembourg Notes Sarl, 5.50%,
03/01/28(e) |
|
|
|
|
|
|
200 |
|
|
|
200,000 |
|
Telesat Canada/Telesat LLC, 8.88%,
11/15/24(e) |
|
|
|
|
|
|
241 |
|
|
|
269,317 |
|
Tribune Media Co., 5.88%, 07/15/22(h) |
|
|
|
|
|
|
269 |
|
|
|
274,380 |
|
Unitymedia Hessen GmbH & Co. KG/Unitymedia NRW GmbH: |
|
|
|
|
|
|
|
|
|
|
|
|
5.63%, 04/15/23 |
|
|
EUR |
|
|
|
70 |
|
|
|
86,920 |
|
4.00%, 01/15/25 |
|
|
|
|
|
|
136 |
|
|
|
171,246 |
|
5.00%, 01/15/25(e) |
|
|
USD |
|
|
|
200 |
|
|
|
206,750 |
|
Univision Communications, Inc.(e): |
|
|
|
|
|
|
|
|
|
|
|
|
5.13%, 05/15/23(h) |
|
|
|
|
|
|
336 |
|
|
|
336,000 |
|
5.13%, 02/15/25 |
|
|
|
|
|
|
245 |
|
|
|
238,569 |
|
UPCB Finance IV Ltd., 4.00%, 01/15/27 |
|
|
EUR |
|
|
|
100 |
|
|
|
127,296 |
|
Videotron Ltd., 5.13%, 04/15/27(e) |
|
|
USD |
|
|
|
326 |
|
|
|
341,485 |
|
Virgin Media Finance PLC, 5.75%,
01/15/25(e)(h) |
|
|
|
|
|
|
655 |
|
|
|
669,737 |
|
Virgin Media Receivables Financing Notes I DAC, 5.50%, 09/15/24 |
|
|
GBP |
|
|
|
100 |
|
|
|
138,115 |
|
Virgin Media Secured Finance PLC: |
|
|
|
|
|
|
|
|
|
|
|
|
5.13%, 01/15/25 |
|
|
|
|
|
|
100 |
|
|
|
141,495 |
|
5.50%, 01/15/25 |
|
|
|
|
|
|
180 |
|
|
|
253,230 |
|
5.25%, 01/15/26(e)(h) |
|
|
USD |
|
|
|
355 |
|
|
|
366,094 |
|
5.50%, 08/15/26(e)(h) |
|
|
|
|
|
|
200 |
|
|
|
208,840 |
|
WaveDivision Escrow LLC/WaveDivision Escrow Corp., 8.13%, 09/01/20(e) |
|
|
|
|
|
|
790 |
|
|
|
803,825 |
|
Ziggo Bond Finance BV: |
|
|
|
|
|
|
|
|
|
|
|
|
4.63%, 01/15/25 |
|
|
EUR |
|
|
|
137 |
|
|
|
170,904 |
|
5.88%, 01/15/25(e)(h) |
|
|
USD |
|
|
|
470 |
|
|
|
470,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
40,526,360 |
|
|
|
|
16 |
|
2017 BLACKROCK QUARTERLY REPORT TO SHAREHOLDERS |
|
|
|
Schedule of Investments (unaudited) (continued)
November 30, 2017 |
|
BlackRock Limited Duration Income Trust (BLW)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par
(000) |
|
|
Value |
|
Metals & Mining 3.4% |
|
Big River Steel LLC/BRS Finance Corp., 7.25%,
09/01/25(e) |
|
|
USD |
|
|
|
175 |
|
|
$ |
185,938 |
|
CONSOL Mining Corp., 11.00%, 11/15/25(e) |
|
|
|
|
|
|
474 |
|
|
|
476,370 |
|
Constellium NV(e): |
|
|
|
|
|
|
|
|
|
|
|
|
5.75%, 05/15/24 |
|
|
|
|
|
|
500 |
|
|
|
516,250 |
|
6.63%, 03/01/25(h) |
|
|
|
|
|
|
523 |
|
|
|
555,687 |
|
5.88%, 02/15/26 |
|
|
|
|
|
|
250 |
|
|
|
259,088 |
|
First Quantum Minerals Ltd.(e)(h): |
|
|
|
|
|
|
|
|
|
|
|
|
7.00%, 02/15/21 |
|
|
|
|
|
|
299 |
|
|
|
310,213 |
|
7.25%, 05/15/22 |
|
|
|
|
|
|
356 |
|
|
|
369,350 |
|
FMG Resources August 2006 Property Ltd., 9.75%,
03/01/22(e) |
|
|
|
|
|
|
189 |
|
|
|
210,263 |
|
Freeport-McMoRan, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
2.38%, 03/15/18 |
|
|
|
|
|
|
2,133 |
|
|
|
2,130,334 |
|
3.10%, 03/15/20 |
|
|
|
|
|
|
1,537 |
|
|
|
1,538,921 |
|
4.00%, 11/14/21 |
|
|
|
|
|
|
240 |
|
|
|
241,320 |
|
3.55%, 03/01/22 |
|
|
|
|
|
|
353 |
|
|
|
348,146 |
|
3.88%, 03/15/23 |
|
|
|
|
|
|
1,840 |
|
|
|
1,819,024 |
|
5.40%, 11/14/34 |
|
|
|
|
|
|
126 |
|
|
|
122,535 |
|
5.45%, 03/15/43 |
|
|
|
|
|
|
1,153 |
|
|
|
1,092,122 |
|
Grinding Media, Inc./Moly-Cop AltaSteel Ltd., 7.38%, 12/15/23(e) |
|
|
|
|
|
|
479 |
|
|
|
514,925 |
|
Joseph T Ryerson & Son, Inc.,
11.00%, 05/15/22(e) |
|
|
|
|
|
|
172 |
|
|
|
193,844 |
|
Kaiser Aluminum Corp., 5.88%, 05/15/24 |
|
|
|
|
|
|
112 |
|
|
|
120,120 |
|
Kinross Gold Corp.: |
|
|
|
|
|
|
|
|
|
|
|
|
4.50%, 07/15/27(e) |
|
|
|
|
|
|
122 |
|
|
|
122,915 |
|
6.88%, 09/01/41 |
|
|
|
|
|
|
65 |
|
|
|
73,856 |
|
Novelis Corp.(e)(h): |
|
|
|
|
|
|
|
|
|
|
|
|
6.25%, 08/15/24 |
|
|
|
|
|
|
1,593 |
|
|
|
1,676,632 |
|
5.88%, 09/30/26 |
|
|
|
|
|
|
1,254 |
|
|
|
1,299,457 |
|
Nyrstar Netherlands Holdings BV, 6.88%, 03/15/24 |
|
|
EUR |
|
|
|
100 |
|
|
|
126,202 |
|
Ovako AB, 5.00%, 10/05/22 |
|
|
|
|
|
|
100 |
|
|
|
121,328 |
|
Steel Dynamics, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
5.13%, 10/01/21(h) |
|
|
USD |
|
|
|
645 |
|
|
|
661,931 |
|
5.25%, 04/15/23(h) |
|
|
|
|
|
|
200 |
|
|
|
206,060 |
|
5.50%, 10/01/24 |
|
|
|
|
|
|
56 |
|
|
|
59,606 |
|
4.13%, 09/15/25(e) |
|
|
|
|
|
|
195 |
|
|
|
195,488 |
|
5.00%, 12/15/26 |
|
|
|
|
|
|
15 |
|
|
|
15,853 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par
(000) |
|
|
Value |
|
Metals & Mining (continued) |
|
SunCoke Energy Partners LP/SunCoke Energy Partners Finance Corp., 7.50%, 06/15/25(e) |
|
|
USD |
|
|
|
225 |
|
|
$ |
237,094 |
|
Teck Resources Ltd.: |
|
|
|
|
|
|
|
|
|
|
|
|
4.50%, 01/15/21 |
|
|
|
|
|
|
86 |
|
|
|
88,903 |
|
3.75%, 02/01/23(h) |
|
|
|
|
|
|
1,709 |
|
|
|
1,726,090 |
|
8.50%, 06/01/24(e)(h) |
|
|
|
|
|
|
1,191 |
|
|
|
1,351,785 |
|
6.13%, 10/01/35 |
|
|
|
|
|
|
91 |
|
|
|
102,375 |
|
6.00%, 08/15/40(h) |
|
|
|
|
|
|
444 |
|
|
|
492,840 |
|
5.20%, 03/01/42(h) |
|
|
|
|
|
|
623 |
|
|
|
616,770 |
|
5.40%, 02/01/43 |
|
|
|
|
|
|
279 |
|
|
|
280,395 |
|
thyssenKrupp AG, 1.38%, 03/03/22 |
|
|
EUR |
|
|
|
75 |
|
|
|
90,779 |
|
United States Steel Corp.: |
|
|
|
|
|
|
|
|
|
|
|
|
8.38%, 07/01/21(e) |
|
|
USD |
|
|
|
320 |
|
|
|
349,600 |
|
6.88%, 08/15/25 |
|
|
|
|
|
|
176 |
|
|
|
182,125 |
|
Vale Overseas Ltd., 6.25%, 08/10/26 |
|
|
|
|
|
|
188 |
|
|
|
218,059 |
|
VM Holdings SA, 5.38%, 05/04/27(e) |
|
|
|
|
|
|
237 |
|
|
|
250,035 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
21,550,628 |
|
Multi-Utilities 0.4% |
|
Brooklyn Union Gas Co., 3.41%, 03/10/26(e)(h) |
|
|
|
|
|
|
1,475 |
|
|
|
1,505,099 |
|
NGL Energy Partners LP/NGL Energy Finance Corp.: |
|
|
|
|
|
|
|
|
|
|
|
|
5.13%, 07/15/19 |
|
|
|
|
|
|
120 |
|
|
|
121,200 |
|
6.88%, 10/15/21 |
|
|
|
|
|
|
539 |
|
|
|
547,085 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,173,384 |
|
Multiline Retail 0.0% |
|
Neiman Marcus Group Ltd., 8.00%,
10/15/21(e)(h) |
|
|
|
|
|
|
332 |
|
|
|
189,240 |
|
|
|
|
|
|
|
|
|
|
Offshore Drilling & Other Services 0.0% |
|
Entegris, Inc., 4.63%, 02/10/26(e) |
|
|
|
|
|
|
190 |
|
|
|
193,562 |
|
|
|
|
|
|
|
|
|
|
Oil, Gas & Consumable Fuels 6.1% |
|
Alta Mesa Holdings LP/Alta Mesa Finance Services Corp., 7.88%, 12/15/24 |
|
|
|
|
|
|
117 |
|
|
|
128,993 |
|
Andeavor Logistics LP, Series A, 6.88%(f)(g)(k) |
|
|
|
|
|
|
324 |
|
|
|
327,985 |
|
Andeavor Logistics LP/Tesoro Logistics Finance Corp.: |
|
|
|
|
|
|
|
|
|
|
|
|
6.13%, 10/15/21 |
|
|
|
|
|
|
39 |
|
|
|
40,195 |
|
6.25%, 10/15/22 |
|
|
|
|
|
|
70 |
|
|
|
74,361 |
|
|
|
|
|
|
SCHEDULES OF INVESTMENTS |
|
|
17 |
|
|
|
|
Schedule of Investments (unaudited) (continued)
November 30, 2017 |
|
BlackRock Limited Duration Income Trust (BLW)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par
(000) |
|
|
Value |
|
Oil, Gas & Consumable Fuels (continued) |
|
Andeavor Logistics LP/Tesoro Logistics Finance Corp. (continued): |
|
|
|
|
|
|
|
|
|
|
|
|
4.25%, 12/01/27 |
|
|
USD |
|
|
|
185 |
|
|
$ |
184,901 |
|
Antero Midstream Partners LP/Antero Midstream Finance Corp., 5.38%, 09/15/24 |
|
|
|
|
|
|
55 |
|
|
|
56,788 |
|
Antero Resources Corp.: |
|
|
|
|
|
|
|
|
|
|
|
|
5.13%, 12/01/22 |
|
|
|
|
|
|
76 |
|
|
|
77,900 |
|
5.63%, 06/01/23 |
|
|
|
|
|
|
74 |
|
|
|
77,145 |
|
Ascent Resources Utica Holdings LLC/ARU Finance Corp., 10.00%, 04/01/22(e) |
|
|
|
|
|
|
207 |
|
|
|
225,112 |
|
California Resources Corp., 8.00%,
12/15/22(e)(h) |
|
|
|
|
|
|
153 |
|
|
|
113,220 |
|
Callon Petroleum Co., 6.13%, 10/01/24 |
|
|
|
|
|
|
300 |
|
|
|
309,000 |
|
Carrizo Oil & Gas, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
6.25%, 04/15/23 |
|
|
|
|
|
|
98 |
|
|
|
100,328 |
|
8.25%, 07/15/25 |
|
|
|
|
|
|
127 |
|
|
|
137,795 |
|
Cheniere Corpus Christi Holdings LLC: |
|
|
|
|
|
|
|
|
|
|
|
|
7.00%, 06/30/24(h) |
|
|
|
|
|
|
773 |
|
|
|
877,355 |
|
5.88%, 03/31/25 |
|
|
|
|
|
|
352 |
|
|
|
381,480 |
|
5.13%, 06/30/27(e) |
|
|
|
|
|
|
622 |
|
|
|
641,437 |
|
Cheniere Energy Partners LP, 5.25%,
10/01/25(e) |
|
|
|
|
|
|
170 |
|
|
|
174,462 |
|
Chesapeake Energy Corp.(e): |
|
|
|
|
|
|
|
|
|
|
|
|
8.00%, 12/15/22(h) |
|
|
|
|
|
|
683 |
|
|
|
729,102 |
|
8.00%, 01/15/25 |
|
|
|
|
|
|
148 |
|
|
|
147,260 |
|
8.00%, 06/15/27(h) |
|
|
|
|
|
|
765 |
|
|
|
732,717 |
|
Cia Latinoamericana de Infraestructura & Servicios SA, 9.50%, 07/20/23(e) |
|
|
|
|
|
|
341 |
|
|
|
365,722 |
|
Citgo Holding, Inc., 10.75%, 02/15/20(e) |
|
|
|
|
|
|
135 |
|
|
|
142,762 |
|
ConocoPhillips Co., 4.20%, 03/15/21(h) |
|
|
|
|
|
|
232 |
|
|
|
244,655 |
|
CONSOL Energy, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
5.88%, 04/15/22(h) |
|
|
|
|
|
|
3,845 |
|
|
|
3,931,512 |
|
8.00%, 04/01/23 |
|
|
|
|
|
|
19 |
|
|
|
20,283 |
|
Continental Resources, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
3.80%, 06/01/24(h) |
|
|
|
|
|
|
275 |
|
|
|
270,875 |
|
4.90%, 06/01/44 |
|
|
|
|
|
|
164 |
|
|
|
155,800 |
|
Covey Park Energy LLC/Covey Park Finance Corp., 7.50%,
05/15/25(e) |
|
|
|
|
|
|
320 |
|
|
|
334,400 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par
(000) |
|
|
Value |
|
Oil, Gas & Consumable Fuels (continued) |
|
Crestwood Midstream Partners LP/Crestwood Midstream Finance Corp., 6.25%, 04/01/23 |
|
|
USD |
|
|
|
35 |
|
|
$ |
36,225 |
|
CrownRock LP/CrownRock Finance, Inc., 5.63%,
10/15/25(e) |
|
|
|
|
|
|
509 |
|
|
|
511,545 |
|
DCP Midstream LLC(e): |
|
|
|
|
|
|
|
|
|
|
|
|
4.75%, 09/30/21 |
|
|
|
|
|
|
80 |
|
|
|
82,200 |
|
6.45%, 11/03/36 |
|
|
|
|
|
|
197 |
|
|
|
210,790 |
|
6.75%, 09/15/37 |
|
|
|
|
|
|
237 |
|
|
|
253,590 |
|
DEA Finance SA, 7.50%, 10/15/22 |
|
|
EUR |
|
|
|
100 |
|
|
|
132,638 |
|
Denbury Resources, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
5.50%, 05/01/22 |
|
|
USD |
|
|
|
238 |
|
|
|
154,700 |
|
4.63%, 07/15/23 |
|
|
|
|
|
|
62 |
|
|
|
37,510 |
|
Diamond Offshore Drilling, Inc., 7.88%, 08/15/25 |
|
|
|
|
|
|
92 |
|
|
|
95,910 |
|
Diamondback Energy, Inc., 5.38%, 05/31/25 |
|
|
|
|
|
|
203 |
|
|
|
209,535 |
|
Eclipse Resources Corp., 8.88%, 07/15/23 |
|
|
|
|
|
|
70 |
|
|
|
71,575 |
|
Endeavor Energy Resources LP/EER
Finance, Inc.(e)(g): |
|
|
|
|
|
|
|
|
|
|
|
|
5.50%, 01/30/26 |
|
|
|
|
|
|
123 |
|
|
|
124,538 |
|
5.75%, 01/30/28 |
|
|
|
|
|
|
224 |
|
|
|
226,520 |
|
Energy Transfer Equity LP: |
|
|
|
|
|
|
|
|
|
|
|
|
7.50%, 10/15/20(h) |
|
|
|
|
|
|
703 |
|
|
|
780,330 |
|
4.25%, 03/15/23 |
|
|
|
|
|
|
177 |
|
|
|
178,327 |
|
5.88%, 01/15/24(h) |
|
|
|
|
|
|
352 |
|
|
|
377,520 |
|
5.50%, 06/01/27(h) |
|
|
|
|
|
|
362 |
|
|
|
377,385 |
|
Ensco Jersey Finance Ltd., 3.00%,
01/31/24(e)(m) |
|
|
|
|
|
|
247 |
|
|
|
205,627 |
|
EP Energy LLC/Everest Acquisition Finance, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
9.38%, 05/01/20 |
|
|
|
|
|
|
334 |
|
|
|
247,160 |
|
8.00%, 11/29/24(e)(h) |
|
|
|
|
|
|
269 |
|
|
|
269,000 |
|
Extraction Oil & Gas Holdings LLC/Extraction Finance Corp., 7.88%, 07/15/21(e) |
|
|
|
|
|
|
338 |
|
|
|
357,435 |
|
Extraction Oil & Gas, Inc., 7.38%,
05/15/24(e) |
|
|
|
|
|
|
188 |
|
|
|
200,220 |
|
Genesis Energy LP/Genesis Energy Finance Corp., 6.50%, 10/01/25 |
|
|
|
|
|
|
145 |
|
|
|
148,987 |
|
Geopark Ltd., 6.50%, 09/21/24(e) |
|
|
|
|
|
|
200 |
|
|
|
204,710 |
|
|
|
|
18 |
|
2017 BLACKROCK QUARTERLY REPORT TO SHAREHOLDERS |
|
|
|
Schedule of Investments (unaudited) (continued)
November 30, 2017 |
|
BlackRock Limited Duration Income Trust (BLW)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par
(000) |
|
|
Value |
|
Oil, Gas & Consumable Fuels (continued) |
|
Great Western Petroleum LLC/Great Western Finance, Inc., 9.00%, 09/30/21(e)(h) |
|
|
USD |
|
|
|
828 |
|
|
$ |
854,910 |
|
Gulfport Energy Corp.: |
|
|
|
|
|
|
|
|
|
|
|
|
6.63%, 05/01/23 |
|
|
|
|
|
|
190 |
|
|
|
194,275 |
|
6.00%, 10/15/24 |
|
|
|
|
|
|
26 |
|
|
|
26,098 |
|
6.38%, 05/15/25 |
|
|
|
|
|
|
117 |
|
|
|
117,878 |
|
6.38%, 01/15/26(e) |
|
|
|
|
|
|
230 |
|
|
|
231,150 |
|
Halcon Resources Corp., 6.75%, 02/15/25(e) |
|
|
|
|
|
|
405 |
|
|
|
411,075 |
|
Hess Corp., 4.30%, 04/01/27 |
|
|
|
|
|
|
50 |
|
|
|
49,793 |
|
Hess Infrastructure Partners LP/Hess Infrastructure Partners Finance Corp., 5.63%, 02/15/26(e) |
|
|
|
|
|
|
421 |
|
|
|
432,051 |
|
Matador Resources Co., 6.88%, 04/15/23(h) |
|
|
|
|
|
|
838 |
|
|
|
884,090 |
|
MEG Energy Corp.(e): |
|
|
|
|
|
|
|
|
|
|
|
|
6.38%, 01/30/23 |
|
|
|
|
|
|
30 |
|
|
|
27,488 |
|
7.00%, 03/31/24(h) |
|
|
|
|
|
|
670 |
|
|
|
603,000 |
|
6.50%, 01/15/25(h) |
|
|
|
|
|
|
1,136 |
|
|
|
1,113,280 |
|
Murphy Oil Corp.: |
|
|
|
|
|
|
|
|
|
|
|
|
6.88%, 08/15/24(h) |
|
|
|
|
|
|
260 |
|
|
|
279,825 |
|
5.88%, 12/01/42 |
|
|
|
|
|
|
67 |
|
|
|
65,995 |
|
Nabors Industries, Inc., 0.75%, 01/15/24(e)(m) |
|
|
|
|
|
|
399 |
|
|
|
296,257 |
|
Newfield Exploration Co., 5.63%, 07/01/24 |
|
|
|
|
|
|
111 |
|
|
|
119,880 |
|
NGPL PipeCo LLC(e): |
|
|
|
|
|
|
|
|
|
|
|
|
4.38%, 08/15/22 |
|
|
|
|
|
|
378 |
|
|
|
387,450 |
|
4.88%, 08/15/27 |
|
|
|
|
|
|
181 |
|
|
|
187,909 |
|
7.77%, 12/15/37(h) |
|
|
|
|
|
|
475 |
|
|
|
586,625 |
|
Noble Holding International Ltd., 7.75%, 01/15/24 |
|
|
|
|
|
|
229 |
|
|
|
198,085 |
|
Oasis Petroleum, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
6.50%, 11/01/21 |
|
|
|
|
|
|
54 |
|
|
|
54,675 |
|
6.88%, 03/15/22 |
|
|
|
|
|
|
10 |
|
|
|
10,188 |
|
6.88%, 01/15/23 |
|
|
|
|
|
|
50 |
|
|
|
50,938 |
|
2.63%, 09/15/23(m) |
|
|
|
|
|
|
220 |
|
|
|
251,075 |
|
Odebrecht Offshore Drilling Finance Ltd., 6.75%,
10/01/23(b)(c)(e) |
|
|
|
|
|
|
350 |
|
|
|
122,423 |
|
ONEOK, Inc., 6.00%, 06/15/35 |
|
|
|
|
|
|
35 |
|
|
|
39,471 |
|
Paramount Resources Ltd., 6.88%, 06/30/23(e) |
|
|
|
|
|
|
335 |
|
|
|
356,356 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par
(000) |
|
|
Value |
|
Oil, Gas & Consumable Fuels (continued) |
|
Parker Drilling Co., 7.50%, 08/01/20 |
|
|
USD |
|
|
|
123 |
|
|
$ |
112,545 |
|
Parsley Energy LLC/Parsley Finance Corp.(e): |
|
|
|
|
|
|
|
|
|
|
|
|
6.25%, 06/01/24 |
|
|
|
|
|
|
73 |
|
|
|
77,198 |
|
5.38%, 01/15/25 |
|
|
|
|
|
|
316 |
|
|
|
319,950 |
|
5.25%, 08/15/25 |
|
|
|
|
|
|
77 |
|
|
|
77,385 |
|
5.63%, 10/15/27 |
|
|
|
|
|
|
249 |
|
|
|
254,446 |
|
PBF Holding Co. LLC/PBF Finance Corp., 7.25%,
06/15/25(e) |
|
|
|
|
|
|
212 |
|
|
|
223,130 |
|
PDC Energy, Inc., 5.75%, 05/15/26(e) |
|
|
|
|
|
|
175 |
|
|
|
181,125 |
|
Petrobras Global Finance BV: |
|
|
|
|
|
|
|
|
|
|
|
|
6.13%, 01/17/22 |
|
|
|
|
|
|
335 |
|
|
|
356,775 |
|
8.75%, 05/23/26 |
|
|
|
|
|
|
176 |
|
|
|
210,100 |
|
6.00%, 01/27/28(e) |
|
|
|
|
|
|
189 |
|
|
|
190,134 |
|
Petroleos Mexicanos(e): |
|
|
|
|
|
|
|
|
|
|
|
|
5.38%, 03/13/22 |
|
|
|
|
|
|
39 |
|
|
|
41,691 |
|
6.50%, 03/13/27 |
|
|
|
|
|
|
117 |
|
|
|
129,022 |
|
Precision Drilling Corp.: |
|
|
|
|
|
|
|
|
|
|
|
|
7.75%, 12/15/23 |
|
|
|
|
|
|
75 |
|
|
|
77,438 |
|
7.13%, 01/15/26(e) |
|
|
|
|
|
|
114 |
|
|
|
114,856 |
|
QEP Resources, Inc., 5.25%, 05/01/23 |
|
|
|
|
|
|
42 |
|
|
|
42,525 |
|
Range Resources Corp.: |
|
|
|
|
|
|
|
|
|
|
|
|
5.88%, 07/01/22(h) |
|
|
|
|
|
|
250 |
|
|
|
256,875 |
|
5.00%, 03/15/23 |
|
|
|
|
|
|
326 |
|
|
|
322,740 |
|
4.88%, 05/15/25 |
|
|
|
|
|
|
80 |
|
|
|
78,000 |
|
Resolute Energy Corp., 8.50%, 05/01/20 |
|
|
|
|
|
|
412 |
|
|
|
418,695 |
|
Rockies Express Pipeline LLC(e): |
|
|
|
|
|
|
|
|
|
|
|
|
6.85%, 07/15/18 |
|
|
|
|
|
|
183 |
|
|
|
186,431 |
|
6.00%, 01/15/19 |
|
|
|
|
|
|
20 |
|
|
|
20,644 |
|
5.63%, 04/15/20(h) |
|
|
|
|
|
|
550 |
|
|
|
576,125 |
|
6.88%, 04/15/40(h) |
|
|
|
|
|
|
440 |
|
|
|
495,550 |
|
Rowan Cos., Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
4.88%, 06/01/22 |
|
|
|
|
|
|
70 |
|
|
|
66,828 |
|
4.75%, 01/15/24 |
|
|
|
|
|
|
44 |
|
|
|
39,160 |
|
7.38%, 06/15/25(h) |
|
|
|
|
|
|
664 |
|
|
|
667,320 |
|
RSP Permian, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
6.63%, 10/01/22 |
|
|
|
|
|
|
291 |
|
|
|
306,277 |
|
5.25%, 01/15/25 |
|
|
|
|
|
|
151 |
|
|
|
154,020 |
|
Sanchez Energy Corp.: |
|
|
|
|
|
|
|
|
|
|
|
|
7.75%, 06/15/21 |
|
|
|
|
|
|
50 |
|
|
|
47,375 |
|
6.13%, 01/15/23(h) |
|
|
|
|
|
|
1,210 |
|
|
|
1,020,937 |
|
SESI LLC, 7.13%, 12/15/21 |
|
|
|
|
|
|
85 |
|
|
|
86,806 |
|
|
|
|
|
|
SCHEDULES OF INVESTMENTS |
|
|
19 |
|
|
|
|
Schedule of Investments (unaudited) (continued)
November 30, 2017 |
|
BlackRock Limited Duration Income Trust (BLW)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par
(000) |
|
|
Value |
|
Oil, Gas & Consumable Fuels (continued) |
|
Seven Generations Energy Ltd., 5.38%,
09/30/25(e) |
|
|
USD |
|
|
|
560 |
|
|
$ |
562,800 |
|
SM Energy Co.: |
|
|
|
|
|
|
|
|
|
|
|
|
6.50%, 11/15/21 |
|
|
|
|
|
|
100 |
|
|
|
100,750 |
|
6.50%, 01/01/23 |
|
|
|
|
|
|
60 |
|
|
|
60,600 |
|
5.63%, 06/01/25(h) |
|
|
|
|
|
|
443 |
|
|
|
426,387 |
|
6.75%, 09/15/26 |
|
|
|
|
|
|
118 |
|
|
|
119,328 |
|
Southwestern Energy Co.: |
|
|
|
|
|
|
|
|
|
|
|
|
6.70%, 01/23/25 |
|
|
|
|
|
|
40 |
|
|
|
41,600 |
|
7.50%, 04/01/26 |
|
|
|
|
|
|
172 |
|
|
|
184,040 |
|
7.75%, 10/01/27 |
|
|
|
|
|
|
223 |
|
|
|
238,610 |
|
Sunoco Logistics Partners Operations LP, 3.90%,
07/15/26(h) |
|
|
|
|
|
|
235 |
|
|
|
230,485 |
|
Tallgrass Energy Partners LP/Tallgrass Energy Finance
Corp.(e): |
|
|
|
|
|
|
|
|
|
|
|
|
5.50%, 09/15/24(h) |
|
|
|
|
|
|
414 |
|
|
|
429,525 |
|
5.50%, 01/15/28 |
|
|
|
|
|
|
312 |
|
|
|
321,360 |
|
Targa Resources Partners LP/Targa Resources Partners Finance Corp.: |
|
|
|
|
|
|
|
|
|
|
|
|
5.25%, 05/01/23 |
|
|
|
|
|
|
15 |
|
|
|
15,375 |
|
5.13%, 02/01/25 |
|
|
|
|
|
|
114 |
|
|
|
116,565 |
|
5.38%, 02/01/27 |
|
|
|
|
|
|
79 |
|
|
|
80,975 |
|
5.00%, 01/15/28(e) |
|
|
|
|
|
|
396 |
|
|
|
393,030 |
|
Tesoro Logistics LP/Tesoro Logistics Finance Corp., 5.88%, 10/01/20(h) |
|
|
|
|
|
|
138 |
|
|
|
140,208 |
|
Transocean, Inc., 7.50%, 01/15/26(e) |
|
|
|
|
|
|
265 |
|
|
|
272,287 |
|
Weatherford International LLC, 6.80%, 06/15/37 |
|
|
|
|
|
|
27 |
|
|
|
21,735 |
|
Weatherford International Ltd.: |
|
|
|
|
|
|
|
|
|
|
|
|
6.50%, 08/01/36 |
|
|
|
|
|
|
208 |
|
|
|
166,400 |
|
7.00%, 03/15/38 |
|
|
|
|
|
|
8 |
|
|
|
6,660 |
|
5.95%, 04/15/42 |
|
|
|
|
|
|
310 |
|
|
|
236,375 |
|
Whiting Petroleum Corp., 5.00%, 03/15/19(h) |
|
|
|
|
|
|
862 |
|
|
|
868,465 |
|
WildHorse Resource Development Corp., 6.88%, 02/01/25 |
|
|
|
|
|
|
136 |
|
|
|
138,735 |
|
Williams Cos., Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
4.55%, 06/24/24 |
|
|
|
|
|
|
67 |
|
|
|
69,429 |
|
5.75%, 06/24/44(h) |
|
|
|
|
|
|
819 |
|
|
|
863,021 |
|
WPX Energy, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
7.50%, 08/01/20 |
|
|
|
|
|
|
47 |
|
|
|
50,995 |
|
6.00%, 01/15/22 |
|
|
|
|
|
|
221 |
|
|
|
227,630 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par
(000) |
|
|
Value |
|
Oil, Gas & Consumable Fuels (continued) |
|
WPX Energy, Inc. (continued): |
|
|
|
|
|
|
|
|
|
|
|
|
8.25%, 08/01/23 |
|
|
USD |
|
|
|
32 |
|
|
$ |
36,120 |
|
5.25%, 09/15/24 |
|
|
|
|
|
|
158 |
|
|
|
155,235 |
|
YPF SA, 8.50%, 07/28/25 |
|
|
|
|
|
|
293 |
|
|
|
342,517 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
38,519,107 |
|
Paper & Forest Products 0.0% |
|
Norbord, Inc., 6.25%, 04/15/23(e) |
|
|
|
|
|
|
168 |
|
|
|
182,700 |
|
|
|
|
|
|
|
|
|
|
Pharmaceuticals 2.0% |
|
AbbVie, Inc., 3.60%, 05/14/25(h) |
|
|
|
|
|
|
695 |
|
|
|
710,115 |
|
Actavis Funding SCS, 3.45%, 03/15/22(h) |
|
|
|
|
|
|
2,460 |
|
|
|
2,501,864 |
|
Endo DAC/Endo Finance LLC/Endo Finco, Inc.,
5.88%, 10/15/24(e) |
|
|
|
|
|
|
205 |
|
|
|
207,050 |
|
Endo Finance LLC/Endo Finco, Inc.(e): |
|
|
|
|
|
|
|
|
|
|
|
|
7.25%, 01/15/22 |
|
|
|
|
|
|
121 |
|
|
|
105,270 |
|
5.38%, 01/15/23 |
|
|
|
|
|
|
65 |
|
|
|
50,700 |
|
6.00%, 07/15/23(h) |
|
|
|
|
|
|
233 |
|
|
|
182,323 |
|
Ephios Bondco PLC, 6.25%, 07/01/22 |
|
|
EUR |
|
|
|
100 |
|
|
|
126,166 |
|
inVentiv Group Holdings, Inc./inVentiv Health, Inc./inVentiv Health Clinical, Inc., 7.50%, 10/01/24(e) |
|
|
USD |
|
|
|
191 |
|
|
|
209,622 |
|
Jaguar Holding Co. II/Pharmaceutical Product Development LLC, 6.38%, 08/01/23(e)(h) |
|
|
|
|
|
|
1,179 |
|
|
|
1,214,370 |
|
Nidda Healthcare Holding AG, 3.50%, 09/30/24 |
|
|
EUR |
|
|
|
100 |
|
|
|
121,405 |
|
Shire Acquisitions Investments Ireland DAC, 2.88%,
09/23/23(h) |
|
|
USD |
|
|
|
1,500 |
|
|
|
1,467,735 |
|
Team Health Holdings, Inc., 6.38%, 02/01/25(e) |
|
|
|
|
|
|
315 |
|
|
|
285,075 |
|
Teva Pharmaceutical Finance Netherlands II BV, 1.25%, 03/31/23 |
|
|
EUR |
|
|
|
100 |
|
|
|
109,398 |
|
Valeant Pharmaceuticals International, Inc.(e): |
|
|
|
|
|
|
|
|
|
|
|
|
6.38%, 10/15/20 |
|
|
USD |
|
|
|
304 |
|
|
|
303,620 |
|
7.50%, 07/15/21 |
|
|
|
|
|
|
210 |
|
|
|
207,375 |
|
6.75%, 08/15/21(h) |
|
|
|
|
|
|
728 |
|
|
|
711,620 |
|
5.63%, 12/01/21 |
|
|
|
|
|
|
474 |
|
|
|
440,820 |
|
6.50%, 03/15/22 |
|
|
|
|
|
|
697 |
|
|
|
731,850 |
|
7.25%, 07/15/22 |
|
|
|
|
|
|
31 |
|
|
|
30,225 |
|
|
|
|
20 |
|
2017 BLACKROCK QUARTERLY REPORT TO SHAREHOLDERS |
|
|
|
Schedule of Investments (unaudited) (continued)
November 30, 2017 |
|
BlackRock Limited Duration Income Trust (BLW)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
Pharmaceuticals (continued) |
|
Valeant Pharmaceuticals International, Inc.(e)
(continued): |
|
|
|
|
|
|
|
|
|
|
|
|
5.50%, 03/01/23 |
|
|
USD |
|
|
|
16 |
|
|
$ |
13,700 |
|
5.88%, 05/15/23(h) |
|
|
|
|
|
|
611 |
|
|
|
534,503 |
|
7.00%, 03/15/24 |
|
|
|
|
|
|
476 |
|
|
|
509,915 |
|
6.13%, 04/15/25(h) |
|
|
|
|
|
|
605 |
|
|
|
518,787 |
|
5.50%, 11/01/25 |
|
|
|
|
|
|
1,166 |
|
|
|
1,180,692 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12,474,200 |
|
Real Estate 0.1% |
|
Prologis LP, 3.75%, 11/01/25(h) |
|
|
|
|
|
|
255 |
|
|
|
268,091 |
|
|
|
|
|
|
|
|
|
|
Real Estate Investment Trusts (REITs) 1.4% |
|
AvalonBay Communities, Inc., 3.45%,
06/01/25(h) |
|
|
|
|
|
|
1,245 |
|
|
|
1,274,156 |
|
ERP Operating LP, 3.38%, 06/01/25(h) |
|
|
|
|
|
|
1,015 |
|
|
|
1,031,723 |
|
Five Point Operating Co. LP/Five Point Capital Corp., 7.88%, 11/15/25(e) |
|
|
|
|
|
|
175 |
|
|
|
178,500 |
|
Hilton Domestic Operating Co., Inc., 4.25%, 09/01/24 |
|
|
|
|
|
|
179 |
|
|
|
181,685 |
|
iStar, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
4.63%, 09/15/20 |
|
|
|
|
|
|
113 |
|
|
|
114,695 |
|
6.00%, 04/01/22 |
|
|
|
|
|
|
100 |
|
|
|
103,625 |
|
5.25%, 09/15/22 |
|
|
|
|
|
|
113 |
|
|
|
114,271 |
|
MGM Growth Properties Operating Partnership LP/MGP Finance Co-Issuer,
Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
5.63%, 05/01/24(h) |
|
|
|
|
|
|
1,628 |
|
|
|
1,741,960 |
|
4.50%, 09/01/26 |
|
|
|
|
|
|
524 |
|
|
|
527,930 |
|
4.50%, 01/15/28(e) |
|
|
|
|
|
|
322 |
|
|
|
319,987 |
|
NH Hotel Group SA, 3.75%, 10/01/23 |
|
|
EUR |
|
|
|
129 |
|
|
|
162,509 |
|
Starwood Property Trust, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
5.00%, 12/15/21 |
|
|
USD |
|
|
|
234 |
|
|
|
243,653 |
|
4.75%, 03/15/25(e)(g) |
|
|
|
|
|
|
96 |
|
|
|
95,760 |
|
Trust F/1401, 6.95%, 01/30/44 |
|
|
|
|
|
|
706 |
|
|
|
777,482 |
|
TVL Finance PLC, (3 mo. LIBOR GBP + 4.88%), 5.40%,
05/15/23(d) |
|
|
GBP |
|
|
|
100 |
|
|
|
135,240 |
|
Ventas Realty LP, 4.13%, 01/15/26(h) |
|
|
USD |
|
|
|
650 |
|
|
|
675,602 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
Real Estate Investment Trusts (REITs) (continued) |
|
Ventas Realty LP/Ventas Capital Corp., 4.75%,
06/01/21(h) |
|
|
USD |
|
|
|
1,300 |
|
|
$ |
1,381,214 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9,059,992 |
|
Real Estate Management & Development 0.3% |
|
ADLER Real Estate AG, 2.13%, 02/06/24 |
|
|
EUR |
|
|
|
100 |
|
|
|
117,812 |
|
Greystar Real Estate Partners LLC, 5.75%,
12/01/25(e) |
|
|
USD |
|
|
|
174 |
|
|
|
179,220 |
|
Howard Hughes Corp., 5.38%, 03/15/25(e) |
|
|
|
|
|
|
218 |
|
|
|
223,995 |
|
Realogy Group LLC/Realogy Co-Issuer Corp.(e): |
|
|
|
|
|
|
|
|
|
|
|
|
4.50%, 04/15/19(h) |
|
|
|
|
|
|
301 |
|
|
|
306,268 |
|
5.25%, 12/01/21 |
|
|
|
|
|
|
58 |
|
|
|
60,320 |
|
4.88%, 06/01/23(h) |
|
|
|
|
|
|
537 |
|
|
|
541,027 |
|
RESIDOMO Sro, 3.38%, 10/15/24 |
|
|
EUR |
|
|
|
100 |
|
|
|
122,001 |
|
Rialto Holdings LLC/Rialto Corp., 7.00%,
12/01/18(e) |
|
|
USD |
|
|
|
220 |
|
|
|
220,550 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,771,193 |
|
Road & Rail 0.9% |
|
Avis Budget Finance PLC, 4.13%, 11/15/24 |
|
|
EUR |
|
|
|
100 |
|
|
|
121,459 |
|
EC Finance PLC, 2.38%, 11/15/22 |
|
|
|
|
|
|
100 |
|
|
|
122,023 |
|
Herc Rentals, Inc.(e): |
|
|
|
|
|
|
|
|
|
|
|
|
7.50%, 06/01/22 |
|
|
USD |
|
|
|
128 |
|
|
|
137,920 |
|
7.75%, 06/01/24 |
|
|
|
|
|
|
121 |
|
|
|
132,507 |
|
Hertz Corp.: |
|
|
|
|
|
|
|
|
|
|
|
|
6.75%, 04/15/19 |
|
|
|
|
|
|
285 |
|
|
|
285,000 |
|
7.63%, 06/01/22(e) |
|
|
|
|
|
|
144 |
|
|
|
148,640 |
|
Lima Metro Line 2 Finance Ltd., 5.88%,
07/05/34(e)(h) |
|
|
|
|
|
|
3,000 |
|
|
|
3,300,000 |
|
Loxam SAS: |
|
|
|
|
|
|
|
|
|
|
|
|
3.50%, 05/03/23 |
|
|
EUR |
|
|
|
100 |
|
|
|
124,351 |
|
6.00%, 04/15/25 |
|
|
|
|
|
|
100 |
|
|
|
129,985 |
|
United Rentals North America, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
4.63%, 07/15/23 |
|
|
USD |
|
|
|
160 |
|
|
|
164,800 |
|
4.63%, 10/15/25 |
|
|
|
|
|
|
392 |
|
|
|
399,448 |
|
4.88%, 01/15/28 |
|
|
|
|
|
|
282 |
|
|
|
285,173 |
|
|
|
|
|
|
SCHEDULES OF INVESTMENTS |
|
|
21 |
|
|
|
|
Schedule of Investments (unaudited) (continued)
November 30, 2017 |
|
BlackRock Limited Duration Income Trust (BLW)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
Road & Rail (continued) |
|
Watco Cos. LLC/Watco Finance Corp., 6.38%,
04/01/23(e) |
|
|
USD |
|
|
|
319 |
|
|
$ |
330,165 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,681,471 |
|
Semiconductors & Semiconductor Equipment 1.4% |
|
Advanced Micro Devices, Inc., 7.50%, 08/15/22 |
|
|
|
|
|
|
73 |
|
|
|
82,490 |
|
Analog Devices, Inc.(h): |
|
|
|
|
|
|
|
|
|
|
|
|
3.90%, 12/15/25 |
|
|
|
|
|
|
375 |
|
|
|
390,771 |
|
3.50%, 12/05/26 |
|
|
|
|
|
|
275 |
|
|
|
276,716 |
|
Applied Materials, Inc., 3.90%, 10/01/25(h) |
|
|
|
|
|
|
285 |
|
|
|
303,464 |
|
Broadcom Corp./Broadcom Cayman Finance
Ltd.(e)(h): |
|
|
|
|
|
|
|
|
|
|
|
|
3.00%, 01/15/22 |
|
|
|
|
|
|
1,250 |
|
|
|
1,235,504 |
|
3.63%, 01/15/24 |
|
|
|
|
|
|
1,515 |
|
|
|
1,498,408 |
|
Microchip Technology, Inc.(m): |
|
|
|
|
|
|
|
|
|
|
|
|
1.63%, 02/15/25 |
|
|
|
|
|
|
70 |
|
|
|
118,081 |
|
2.13%, 12/15/37 |
|
|
|
|
|
|
60 |
|
|
|
222,638 |
|
Micron Technology, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
5.25%, 01/15/24(e) |
|
|
|
|
|
|
39 |
|
|
|
40,658 |
|
5.50%, 02/01/25 |
|
|
|
|
|
|
10 |
|
|
|
10,575 |
|
Series G, 3.00%, 11/15/43(m) |
|
|
|
|
|
|
352 |
|
|
|
522,060 |
|
Microsemi Corp., 9.13%, 04/15/23(e) |
|
|
|
|
|
|
20 |
|
|
|
22,625 |
|
NXP BV/NXP Funding LLC(e): |
|
|
|
|
|
|
|
|
|
|
|
|
4.13%, 06/15/20(h) |
|
|
|
|
|
|
834 |
|
|
|
857,196 |
|
4.13%, 06/01/21 |
|
|
|
|
|
|
200 |
|
|
|
205,624 |
|
4.63%, 06/01/23(h) |
|
|
|
|
|
|
425 |
|
|
|
448,974 |
|
ON Semiconductor Corp., 1.00%, 12/01/20(m) |
|
|
|
|
|
|
255 |
|
|
|
315,244 |
|
QUALCOMM, Inc., 3.45%, 05/20/25(h) |
|
|
|
|
|
|
1,570 |
|
|
|
1,561,146 |
|
Sensata Technologies BV(e): |
|
|
|
|
|
|
|
|
|
|
|
|
5.63%, 11/01/24 |
|
|
|
|
|
|
179 |
|
|
|
197,795 |
|
5.00%, 10/01/25(h) |
|
|
|
|
|
|
332 |
|
|
|
354,410 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,664,379 |
|
Software 1.9% |
|
ACI Worldwide, Inc., 6.38%, 08/15/20(e)(h) |
|
|
|
|
|
|
360 |
|
|
|
367,200 |
|
BMC Software Finance, Inc., 8.13%,
07/15/21(e) |
|
|
|
|
|
|
426 |
|
|
|
431,193 |
|
CA, Inc., 3.60%, 08/15/22(h) |
|
|
|
|
|
|
555 |
|
|
|
560,913 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
Software (continued) |
|
Genesys Telecommunications Laboratories Inc/Greeneden Lux 3 Sarl/Greeneden US Holdings LLC, 10.00%, 11/30/24(e) |
|
|
USD |
|
|
|
395 |
|
|
$ |
442,400 |
|
Infinity Acquisition LLC/Infinity Acquisition Finance Corp., 7.25%, 08/01/22(e) |
|
|
|
|
|
|
46 |
|
|
|
46,000 |
|
Infor Software Parent LLC/Infor Software Parent, Inc., (7.13% Cash or 7.88% PIK), 7.13%, 05/01/21(e)(h)(i) |
|
|
|
|
|
|
545 |
|
|
|
558,625 |
|
Infor US, Inc., 6.50%, 05/15/22(h) |
|
|
|
|
|
|
1,663 |
|
|
|
1,712,890 |
|
Informatica LLC, 7.13%, 07/15/23(e) |
|
|
|
|
|
|
691 |
|
|
|
704,820 |
|
Nuance Communications, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
5.38%, 08/15/20(e)(h) |
|
|
|
|
|
|
36 |
|
|
|
36,504 |
|
6.00%, 07/01/24 |
|
|
|
|
|
|
174 |
|
|
|
186,180 |
|
5.63%, 12/15/26(e) |
|
|
|
|
|
|
143 |
|
|
|
149,793 |
|
PTC, Inc., 6.00%, 05/15/24 |
|
|
|
|
|
|
202 |
|
|
|
216,645 |
|
Rackspace Hosting, Inc., 8.63%, 11/15/24(e) |
|
|
|
|
|
|
200 |
|
|
|
214,500 |
|
RP Crown Parent LLC, 7.38%, 10/15/24(e) |
|
|
|
|
|
|
392 |
|
|
|
408,660 |
|
Solera LLC/Solera Finance, Inc., 10.50%,
03/01/24(e)(h) |
|
|
|
|
|
|
1,962 |
|
|
|
2,207,250 |
|
Sophia LP/Sophia Finance, Inc., 9.00%,
09/30/23(e)(h) |
|
|
|
|
|
|
303 |
|
|
|
315,120 |
|
SS&C Technologies Holdings, Inc., 5.88%,
07/15/23(h) |
|
|
|
|
|
|
605 |
|
|
|
639,787 |
|
TIBCO Software, Inc., 11.38%, 12/01/21(e)(h) |
|
|
|
|
|
|
784 |
|
|
|
852,600 |
|
Veritas US, Inc./Veritas Bermuda Ltd.(e): |
|
|
|
|
|
|
|
|
|
|
|
|
7.50%, 02/01/23 |
|
|
|
|
|
|
925 |
|
|
|
971,250 |
|
10.50%, 02/01/24(h) |
|
|
|
|
|
|
800 |
|
|
|
838,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11,860,330 |
|
Specialty Retail 0.3% |
|
Asbury Automotive Group, Inc., 6.00%,
12/15/24(h) |
|
|
|
|
|
|
334 |
|
|
|
348,195 |
|
Catalent Pharma Solutions, Inc., 4.88%,
01/15/26(e) |
|
|
|
|
|
|
324 |
|
|
|
328,050 |
|
Group 1 Automotive, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/22(h) |
|
|
|
|
|
|
155 |
|
|
|
159,844 |
|
|
|
|
22 |
|
2017 BLACKROCK QUARTERLY REPORT TO SHAREHOLDERS |
|
|
|
Schedule of Investments (unaudited) (continued)
November 30, 2017 |
|
BlackRock Limited Duration Income Trust (BLW)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
Specialty Retail (continued) |
|
Group 1 Automotive, Inc. (continued): |
|
|
|
|
|
|
|
|
|
|
|
|
5.25%, 12/15/23(e) |
|
|
USD |
|
|
|
18 |
|
|
$ |
18,630 |
|
JC Penney Corp., Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
8.13%, 10/01/19(h) |
|
|
|
|
|
|
42 |
|
|
|
42,525 |
|
6.38%, 10/15/36 |
|
|
|
|
|
|
21 |
|
|
|
12,600 |
|
7.40%, 04/01/37 |
|
|
|
|
|
|
64 |
|
|
|
40,320 |
|
L Brands, Inc., 6.88%, 11/01/35(h) |
|
|
|
|
|
|
371 |
|
|
|
374,710 |
|
Masaria Investments SAU, 5.00%, 09/15/24 |
|
|
EUR |
|
|
|
100 |
|
|
|
120,721 |
|
Penske Automotive Group, Inc., 5.50%, 05/15/26 |
|
|
USD |
|
|
|
32 |
|
|
|
32,560 |
|
PetSmart, Inc., 5.88%, 06/01/25(e) |
|
|
|
|
|
|
133 |
|
|
|
114,380 |
|
Shop Direct Funding PLC, 7.75%, 11/15/22 |
|
|
GBP |
|
|
|
100 |
|
|
|
128,157 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,720,692 |
|
Technology Hardware, Storage & Peripherals 0.4% |
|
Dell International LLC/EMC Corp.(e)(h): |
|
|
|
|
|
|
|
|
|
|
|
|
4.42%, 06/15/21 |
|
|
USD |
|
|
|
40 |
|
|
|
41,763 |
|
7.13%, 06/15/24 |
|
|
|
|
|
|
651 |
|
|
|
707,669 |
|
6.02%, 06/15/26 |
|
|
|
|
|
|
135 |
|
|
|
148,407 |
|
8.35%, 07/15/46 |
|
|
|
|
|
|
80 |
|
|
|
100,663 |
|
Hewlett Packard Enterprise Co., 4.90%,
10/15/25(h) |
|
|
|
|
|
|
375 |
|
|
|
390,523 |
|
Riverbed Technology, Inc., 8.88%, 03/01/23(e) |
|
|
|
|
|
|
165 |
|
|
|
155,306 |
|
Western Digital Corp.: |
|
|
|
|
|
|
|
|
|
|
|
|
7.38%, 04/01/23(e)(h) |
|
|
|
|
|
|
459 |
|
|
|
499,163 |
|
10.50%, 04/01/24 |
|
|
|
|
|
|
248 |
|
|
|
288,052 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,331,546 |
|
Textiles, Apparel & Luxury Goods 0.0% |
|
BiSoho SAS, 5.88%, 05/01/23 |
|
|
EUR |
|
|
|
54 |
|
|
|
69,673 |
|
Levi Strauss & Co., 3.38%, 03/15/27 |
|
|
|
|
|
|
100 |
|
|
|
125,422 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
195,095 |
|
Thrifts & Mortgage Finance 0.1% |
|
Jerrold Finco PLC, 6.25%, 09/15/21 |
|
|
GBP |
|
|
|
100 |
|
|
|
139,865 |
|
Ladder Capital Finance Holdings LLLP/Ladder Capital Finance
Corp.(e): |
|
|
|
|
|
|
|
|
|
|
|
|
5.25%, 03/15/22 |
|
|
USD |
|
|
|
31 |
|
|
|
32,008 |
|
5.25%, 10/01/25 |
|
|
|
|
|
|
194 |
|
|
|
193,515 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
Thrifts & Mortgage Finance (continued) |
|
MGIC Investment Corp., 5.75%, 08/15/23 |
|
|
USD |
|
|
|
163 |
|
|
$ |
178,077 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
543,465 |
|
Tobacco 0.1% |
|
Reynolds American, Inc., 3.25%, 06/12/20(h) |
|
|
|
|
|
|
396 |
|
|
|
403,146 |
|
|
|
|
|
|
|
|
|
|
Transportation Infrastructure 1.2% |
|
CEVA Group PLC, 7.00%, 03/01/21(e) |
|
|
|
|
|
|
460 |
|
|
|
443,900 |
|
CMA CGM SA, 7.75%, 01/15/21 |
|
|
EUR |
|
|
|
100 |
|
|
|
124,313 |
|
Penske Truck Leasing Co. LP/PTL Finance Corp., 3.38%,
03/15/18(e)(h) |
|
|
USD |
|
|
|
6,155 |
|
|
|
6,182,747 |
|
Rumo Luxembourg Sarl, 7.38%, 02/09/24(e) |
|
|
|
|
|
|
293 |
|
|
|
316,440 |
|
Swissport Financing Sarl, 9.75%, 12/15/22 |
|
|
EUR |
|
|
|
100 |
|
|
|
127,643 |
|
Transurban Finance Co. Property Ltd., 4.13%,
02/02/26(e)(h) |
|
|
USD |
|
|
|
435 |
|
|
|
451,902 |
|
WFS Global Holding SAS, 9.50%, 07/15/22 |
|
|
EUR |
|
|
|
100 |
|
|
|
127,654 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,774,599 |
|
Utilities 0.3% |
|
AES Argentina Generacion SA, 7.75%,
02/02/24(e) |
|
|
USD |
|
|
|
293 |
|
|
|
318,345 |
|
AES Panama SRL, 6.00%, 06/25/22(e) |
|
|
|
|
|
|
200 |
|
|
|
210,098 |
|
ContourGlobal Power Holdings SA, 5.13%, 06/15/21 |
|
|
EUR |
|
|
|
100 |
|
|
|
124,307 |
|
Generacion Mediterranea SA/Generacion Frias SA/Central Termica Roca SA, 9.63%, 07/27/23(e) |
|
|
USD |
|
|
|
293 |
|
|
|
325,728 |
|
Inkia Energy, Ltd., 5.88%, 11/09/27(e) |
|
|
|
|
|
|
377 |
|
|
|
379,827 |
|
Stoneway Capital Corp., 10.00%, 03/01/27(e)(h) |
|
|
|
|
|
|
293 |
|
|
|
312,778 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,671,083 |
|
Wireless Telecommunication Services 2.4% |
|
CoreCivic, Inc., 4.75%, 10/15/27 |
|
|
|
|
|
|
136 |
|
|
|
133,960 |
|
CyrusOne LP/CyrusOne Finance Corp.(e): |
|
|
|
|
|
|
|
|
|
|
|
|
5.00%, 03/15/24(h) |
|
|
|
|
|
|
403 |
|
|
|
419,120 |
|
5.00%, 03/15/24 |
|
|
|
|
|
|
107 |
|
|
|
111,280 |
|
|
|
|
|
|
SCHEDULES OF INVESTMENTS |
|
|
23 |
|
|
|
|
Schedule of Investments (unaudited) (continued)
November 30, 2017 |
|
BlackRock Limited Duration Income Trust (BLW)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
Wireless Telecommunication Services (continued) |
|
CyrusOne LP/CyrusOne Finance Corp.(e)
(continued): |
|
|
|
|
|
|
|
|
|
|
|
|
5.38%, 03/15/27 |
|
|
USD |
|
|
|
50 |
|
|
$ |
52,375 |
|
Digicel Group Ltd., 8.25%, 09/30/20(e) |
|
|
|
|
|
|
200 |
|
|
|
192,700 |
|
Digicel Ltd., 6.00%, 04/15/21(e)(h) |
|
|
|
|
|
|
2,073 |
|
|
|
1,999,719 |
|
Equinix, Inc., 2.88%, 10/01/25 |
|
|
EUR |
|
|
|
100 |
|
|
|
121,432 |
|
GEO Group, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
5.13%, 04/01/23 |
|
|
USD |
|
|
|
407 |
|
|
|
409,035 |
|
6.00%, 04/15/26 |
|
|
|
|
|
|
22 |
|
|
|
22,825 |
|
Matterhorn Telecom SA: |
|
|
|
|
|
|
|
|
|
|
|
|
3.88%, 05/01/22 |
|
|
EUR |
|
|
|
100 |
|
|
|
121,828 |
|
4.00%, 11/15/27 |
|
|
|
|
|
|
100 |
|
|
|
117,816 |
|
Radiate Holdco LLC/Radiate Finance,
Inc., 6.63%, 02/15/25(e) |
|
|
USD |
|
|
|
215 |
|
|
|
205,862 |
|
Rogers Communications, Inc.,
5.00%, 03/15/44(h) |
|
|
|
|
|
|
545 |
|
|
|
616,397 |
|
SBA Communication Corp.: |
|
|
|
|
|
|
|
|
|
|
|
|
4.00%, 10/01/22(e) |
|
|
|
|
|
|
401 |
|
|
|
403,005 |
|
4.88%, 09/01/24 |
|
|
|
|
|
|
263 |
|
|
|
272,205 |
|
Sprint Capital Corp.: |
|
|
|
|
|
|
|
|
|
|
|
|
6.90%, 05/01/19 |
|
|
|
|
|
|
135 |
|
|
|
141,919 |
|
6.88%, 11/15/28(h) |
|
|
|
|
|
|
735 |
|
|
|
754,294 |
|
8.75%, 03/15/32(h) |
|
|
|
|
|
|
750 |
|
|
|
868,125 |
|
Sprint Communications, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
7.00%, 03/01/20(e)(h) |
|
|
|
|
|
|
726 |
|
|
|
777,727 |
|
7.00%, 08/15/20 |
|
|
|
|
|
|
125 |
|
|
|
133,438 |
|
6.00%, 11/15/22 |
|
|
|
|
|
|
49 |
|
|
|
49,490 |
|
Sprint Corp.: |
|
|
|
|
|
|
|
|
|
|
|
|
7.88%, 09/15/23(h) |
|
|
|
|
|
|
798 |
|
|
|
859,845 |
|
7.13%, 06/15/24(h) |
|
|
|
|
|
|
1,857 |
|
|
|
1,932,450 |
|
7.63%, 02/15/25 |
|
|
|
|
|
|
407 |
|
|
|
432,234 |
|
Sprint Spectrum Co. LLC/Sprint Spectrum Co. II LLC/Sprint Spectrum Co. III LLC, 3.36%, 03/20/23(e)(h) |
|
|
|
|
|
|
787 |
|
|
|
793,139 |
|
T-Mobile USA, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
6.13%, 01/15/22 |
|
|
|
|
|
|
75 |
|
|
|
77,625 |
|
4.00%, 04/15/22 |
|
|
|
|
|
|
197 |
|
|
|
202,417 |
|
6.00%, 03/01/23(h) |
|
|
|
|
|
|
304 |
|
|
|
318,949 |
|
6.63%, 04/01/23 |
|
|
|
|
|
|
547 |
|
|
|
572,299 |
|
6.84%, 04/28/23 |
|
|
|
|
|
|
55 |
|
|
|
57,750 |
|
6.50%, 01/15/24(h) |
|
|
|
|
|
|
535 |
|
|
|
567,769 |
|
6.38%, 03/01/25 |
|
|
|
|
|
|
14 |
|
|
|
15,028 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
Wireless Telecommunication Services (continued) |
|
T-Mobile USA, Inc. (continued): |
|
|
|
|
|
|
|
|
|
|
|
|
5.13%, 04/15/25 |
|
|
USD |
|
|
|
201 |
|
|
$ |
210,045 |
|
5.38%, 04/15/27 |
|
|
|
|
|
|
120 |
|
|
|
128,400 |
|
Uniti Group LP/Uniti Group Finance, Inc./CSL Capital LLC, 8.25%, 10/15/23(h) |
|
|
|
|
|
|
445 |
|
|
|
426,087 |
|
VICI Properties 1 LLC/VICI FC, Inc., 8.00%, 10/15/23 |
|
|
|
|
|
|
327 |
|
|
|
364,110 |
|
Wind Tre SpA, 5.00%, 01/20/26(e) |
|
|
|
|
|
|
211 |
|
|
|
202,117 |
|
Xplornet Communications, Inc., (9.63% Cash or 10.63% PIK), 9.63%, 06/01/22(e)(i) |
|
|
|
|
|
|
115 |
|
|
|
122,475 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
15,207,291 |
|
|
|
|
|
|
|
|
|
|
Total Corporate Bonds 62.9% (Cost $387,401,153) |
|
|
|
|
|
|
|
396,370,752 |
|
|
|
|
|
|
|
|
|
|
|
Floating Rate Loan Interests 38.5% |
|
|
Aerospace & Defense 0.6% |
|
Accudyne Industries LLC, 2017 Term Loan, (3 mo. LIBOR + 3.75% 1.00% Floor), 5.08%, 08/02/24(n)(o) |
|
|
|
|
|
|
1,085 |
|
|
|
1,089,524 |
|
DAE Aviation Holdings, Inc., 1st Lien Term Loan,
07/07/22(o) |
|
|
|
|
|
|
160 |
|
|
|
160,920 |
|
Engility Corp.(n): |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan B1, (1 mo. LIBOR + 2.75%), 4.10%, 08/12/20 |
|
|
|
|
|
|
103 |
|
|
|
104,073 |
|
Term Loan B2, (1 mo. LIBOR + 3.25%, 1.00% Floor), 4.60%, 08/12/23 |
|
|
|
|
|
|
185 |
|
|
|
186,547 |
|
GTCR Valor Companies, Inc., 2017 Term Loan B1, (3 mo. LIBOR + 4.25%), 5.58%, 06/16/23(n) |
|
|
|
|
|
|
249 |
|
|
|
251,958 |
|
TransDigm, Inc.(n): |
|
|
|
|
|
|
|
|
|
|
|
|
2017 Extended Term Loan F, (1 mo. LIBOR + 2.75%), 4.10%, 06/09/23 |
|
|
|
|
|
|
1,366 |
|
|
|
1,366,556 |
|
2017 Term Loan E, (1 mo. LIBOR + 2.75%), 4.10%, 06/09/23 |
|
|
|
|
|
|
630 |
|
|
|
631,132 |
|
|
|
|
24 |
|
2017 BLACKROCK QUARTERLY REPORT TO SHAREHOLDERS |
|
|
|
Schedule of Investments (unaudited) (continued)
November 30, 2017 |
|
BlackRock Limited Duration Income Trust (BLW)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
Aerospace & Defense (continued) |
|
TransDigm, Inc.(n) (continued): |
|
|
|
|
|
|
|
|
|
|
|
|
2017 Term Loan G, (3 mo. LIBOR + 3.00%), 4.35%, 08/22/24 |
|
|
USD |
|
|
|
78 |
|
|
$ |
77,960 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,868,670 |
|
Air Freight & Logistics 0.4% |
|
Avolon TLB Borrower 1 (Luxembourg) Sarl, Term Loan B2, (1 mo. LIBOR + 2.25%), 3.53%, 04/03/22(n) |
|
|
|
|
|
|
1,712 |
|
|
|
1,711,961 |
|
CEVA Group PLC, Letter of Credit, (3 mo. LIBOR + 5.50%), 6.50%, 03/19/21(n) |
|
|
|
|
|
|
213 |
|
|
|
198,259 |
|
CEVA Intercompany BV, Dutch Term Loan, (3 mo. LIBOR + 5.50%, 1.00% Floor), 6.88%, 03/19/21(n) |
|
|
|
|
|
|
217 |
|
|
|
206,410 |
|
CEVA Logistics Canada ULC, Canadian Term Loan, (3 mo. LIBOR + 5.50%, 1.00% Floor), 6.88%, 03/19/21(n) |
|
|
|
|
|
|
42 |
|
|
|
39,800 |
|
CEVA Logistics US Holdings, Inc., Term Loan, (3 mo. LIBOR + 5.50%, 1.00% Floor), 6.88%, 03/19/21(n) |
|
|
|
|
|
|
287 |
|
|
|
272,511 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,428,941 |
|
Airlines 0.0% |
|
Northwest Airlines, Inc., Term Loan, (6 mo. LIBOR + 1.23%), 2.68%, 09/10/18(n) |
|
|
|
|
|
|
138 |
|
|
|
136,286 |
|
|
|
|
|
|
|
|
|
|
Auto Components 0.1% |
|
Dayco Products LLC, 2017 Term Loan B, (3 mo. LIBOR + 5.00%), 6.48%, 05/19/23(a)(n) |
|
|
|
|
|
|
313 |
|
|
|
315,776 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
Auto Components (continued) |
|
USI, Inc., 2017 Repriced Term Loan, (3 mo. LIBOR + 3.00%), 4.35%, 05/16/24(n) |
|
|
USD |
|
|
|
545 |
|
|
$ |
542,275 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
858,051 |
|
Automobiles 0.1% |
|
CH Hold Corp.(n): |
|
|
|
|
|
|
|
|
|
|
|
|
1st Lien Term Loan, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.35%, 02/01/24 |
|
|
|
|
|
|
405 |
|
|
|
408,519 |
|
2nd Lien Term Loan, (1 mo. LIBOR + 7.25% 1.00% Floor), 8.60%, 02/01/25 |
|
|
|
|
|
|
110 |
|
|
|
112,200 |
|
FCA US LLC, 2018 Term Loan B, (1 mo. LIBOR + 2.00%), 3.29%, 12/31/18(n) |
|
|
|
|
|
|
373 |
|
|
|
373,740 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
894,459 |
|
Banks 0.1% |
|
Capri Finance LLC, 1st Lien Term Loan, (3 mo. LIBOR + 3.25%), 4.63%, 11/01/24(n) |
|
|
|
|
|
|
645 |
|
|
|
642,988 |
|
|
|
|
|
|
|
|
|
|
Building Materials 0.1% |
|
Allied Universal HoldCo LLC, 2015 Term Loan, (3 mo. LIBOR + 3.75%, 1.00% Floor),
5.08%, 07/28/22(n) |
|
|
|
|
|
|
229 |
|
|
|
227,501 |
|
USAGM HoldCo LLC, 2015 2nd Lien Term Loan, (3 mo. LIBOR + 8.50%, 1.00% Floor), 9.88%, 07/28/23(n) |
|
|
|
|
|
|
290 |
|
|
|
288,309 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
515,810 |
|
Building Products 0.4% |
|
Continental Building Products LLC, 2017 Term Loan B, (1 mo. LIBOR + 2.50%), 3.83%, 08/18/23(n) |
|
|
|
|
|
|
592 |
|
|
|
593,690 |
|
|
|
|
|
|
SCHEDULES OF INVESTMENTS |
|
|
25 |
|
|
|
|
Schedule of Investments (unaudited) (continued)
November 30, 2017 |
|
BlackRock Limited Duration Income Trust (BLW)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
Building Products (continued) |
|
CPG International Inc., 2017 Term Loan, (3 mo. LIBOR + 3.75% 1.00% Floor), 5.08%, 05/03/24(n) |
|
|
USD |
|
|
|
632 |
|
|
$ |
633,365 |
|
Jeld-Wen, Inc., 2017 Term Loan B, (3 mo. LIBOR + 3.00% 1.00%
Floor), 4.33%, 07/01/22(n) |
|
|
|
|
|
|
511 |
|
|
|
513,798 |
|
Ply Gem Industries, Inc., Term Loan, (3 mo. LIBOR + 3.00% 1.00% Floor), 4.33%, 02/01/21(n) |
|
|
|
|
|
|
322 |
|
|
|
323,772 |
|
Wilsonart LLC, 2017 Term Loan B, (3 mo. LIBOR + 3.25% 1.00% Floor), 4.59%, 12/19/23(n) |
|
|
|
|
|
|
655 |
|
|
|
659,736 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,724,361 |
|
Capital Markets 0.3% |
|
FinCo I LLC, 2017 Term Loan B, (1 mo. LIBOR + 2.75%), 2.75%, 06/14/22(n) |
|
|
|
|
|
|
445 |
|
|
|
449,673 |
|
Greenhill & Co., Inc., 1st Lien Term Loan, (3 mo. LIBOR + 3.75% 1.00% Floor),
5.11%, 10/12/22(n) |
|
|
|
|
|
|
427 |
|
|
|
428,601 |
|
RPI Finance Trust, Term Loan B6, (3 mo. LIBOR + 2.00%), 3.33%, 03/27/23(n) |
|
|
|
|
|
|
866 |
|
|
|
869,269 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,747,543 |
|
Chemicals 1.3% |
|
Alpha 3 BV, 2017 Term Loan B1, (3 mo. LIBOR + 3.00% 1.00% Floor), 4.33%, 01/31/24(n) |
|
|
|
|
|
|
608 |
|
|
|
612,022 |
|
Axalta Coating Systems US Holdings, Inc., Term Loan, (3 mo. LIBOR + 2.00%), 3.33%, 06/01/24(n) |
|
|
|
|
|
|
703 |
|
|
|
704,511 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
Chemicals (continued) |
|
Charter NEX US Holdings, Inc., 2017 Term Loan B, (1 mo. LIBOR + 3.25% 1.00% Floor), 4.60%, 05/16/24(n) |
|
|
USD |
|
|
|
444 |
|
|
$ |
445,690 |
|
Chemours Company, 2017 Term Loan B, (1 mo. LIBOR + 2.50%), 3.85%, 05/12/22(n) |
|
|
|
|
|
|
290 |
|
|
|
292,834 |
|
Element Materials Technology Group US Holdings, Inc., 2017 Term Loan B, (3 mo. LIBOR + 3.50% 1.00%
Floor), 4.83%, 06/28/24(n) |
|
|
|
|
|
|
215 |
|
|
|
215,716 |
|
Encapsys LLC, 1st Lien Term Loan, (3 mo. LIBOR + 3.25% 1.00% Floor), 4.58%, 11/07/24(n) |
|
|
|
|
|
|
335 |
|
|
|
336,886 |
|
Evergreen Acqco 1 LP, Term Loan, (3 mo. LIBOR + 3.75%), 5.11%, 07/09/19(n) |
|
|
|
|
|
|
101 |
|
|
|
91,208 |
|
H.B. Fuller Co., 2017 Term Loan B, (1 mo. LIBOR + 2.25%), 3.53%, 10/12/24(n) |
|
|
|
|
|
|
740 |
|
|
|
742,671 |
|
Huntsman International LLC, Term Loan B2, (1 mo. LIBOR + 3.00%), 4.35%, 04/01/23(n) |
|
|
|
|
|
|
279 |
|
|
|
280,877 |
|
MacDermid, Inc.(n): |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan B6, (1 mo. LIBOR + 3.00% 1.00% Floor), 4.35%, 06/07/23 |
|
|
|
|
|
|
505 |
|
|
|
507,817 |
|
Term Loan B7, (1 mo. LIBOR + 2.50% 1.00% Floor), 3.85%, 06/07/20 |
|
|
|
|
|
|
616 |
|
|
|
619,927 |
|
OXEA Finance & Cy SCA, 2017 Term Loan, (3 mo. LIBOR + 3.50%), 4.88%, 10/11/24(n) |
|
|
|
|
|
|
1,128 |
|
|
|
1,129,884 |
|
PQ Corp., 2017 Term Loan, (3 mo. LIBOR + 3.25% 1.00% Floor), 4.63%, 11/04/22(n) |
|
|
|
|
|
|
610 |
|
|
|
615,759 |
|
|
|
|
26 |
|
2017 BLACKROCK QUARTERLY REPORT TO SHAREHOLDERS |
|
|
|
Schedule of Investments (unaudited) (continued)
November 30, 2017 |
|
BlackRock Limited Duration Income Trust (BLW)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
Chemicals (continued) |
|
Solenis International LP(n): |
|
|
|
|
|
|
|
|
|
|
|
|
1st Lien Term Loan, (3 mo. LIBOR + 3.25% 1.00% Floor), 4.73%, 07/31/21 |
|
|
USD |
|
|
|
503 |
|
|
$ |
504,608 |
|
2nd Lien Term Loan, (3 mo. LIBOR + 6.75% 1.00% Floor), 8.23%, 07/31/22 |
|
|
|
|
|
|
537 |
|
|
|
523,243 |
|
Tata Chemicals North America, Inc., Term Loan B, (3 mo. LIBOR + 2.75% 1.00% Floor), 4.13%, 08/07/20(n) |
|
|
|
|
|
|
476 |
|
|
|
475,633 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,099,286 |
|
Commercial Services & Supplies 1.8% |
|
Advanced Disposal Services, Inc., Term Loan B3, (1 Week LIBOR + 2.25%), 3.45%, 11/10/23(n) |
|
|
|
|
|
|
1,033 |
|
|
|
1,033,532 |
|
Asurion LLC(n): |
|
|
|
|
|
|
|
|
|
|
|
|
2017 2nd Lien Term Loan, (1 mo. LIBOR + 6.00%), 7.35%, 08/04/25 |
|
|
|
|
|
|
298 |
|
|
|
305,525 |
|
2017 Term Loan B4, (1 mo. LIBOR + 2.75%), 4.10%, 08/04/22 |
|
|
|
|
|
|
225 |
|
|
|
225,597 |
|
2017 Term Loan B5, (1 mo. LIBOR + 3.00%), 4.35%, 11/03/23 |
|
|
|
|
|
|
1,431 |
|
|
|
1,435,893 |
|
Camelot UK Holdco Ltd., 2017 Repriced Term Loan, (1 mo. LIBOR + 3.25% 1.00% Floor), 4.60%, 10/03/23(n) |
|
|
|
|
|
|
658 |
|
|
|
660,151 |
|
Catalent Pharma Solutions, Inc., Term Loan B, (1 Week LIBOR + 2.25% 1.00% Floor), 3.49%, 05/20/21(n) |
|
|
|
|
|
|
1,183 |
|
|
|
1,188,495 |
|
Clean Harbors, Inc., 2017 Term Loan B, (1 mo. LIBOR + 2.00%), 3.35%, 06/27/24(n) |
|
|
|
|
|
|
214 |
|
|
|
215,535 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
Commercial Services & Supplies (continued) |
|
Creative Artists Agency LLC, 2017 1st Lien Term Loan B, (1 mo. LIBOR + 3.50% 1.00% Floor), 4.75%,
02/15/24(n) |
|
|
USD |
|
|
|
710 |
|
|
$ |
715,847 |
|
Dealer Tire LLC, 2016 Term Loan B, (1 Week LIBOR + 3.75% 1.00% Floor), 5.13%, 12/22/21(n) |
|
|
|
|
|
|
228 |
|
|
|
228,697 |
|
Employbridge LLC, Exit Term Loan, (3 mo. LIBOR + 6.50% 1.00% Floor), 7.83%, 05/16/20(n) |
|
|
|
|
|
|
160 |
|
|
|
154,140 |
|
Garda World Security Corp., 2017 Term Loan, (PRIME + 3.00%), 5.24%, 05/24/24(n) |
|
|
|
|
|
|
281 |
|
|
|
281,993 |
|
Harland Clarke Holdings Corp., Term Loan B6, (3 mo. LIBOR + 5.500%,1.00% Floor), 6.83%, 02/09/22(n) |
|
|
|
|
|
|
278 |
|
|
|
278,348 |
|
KAR Auction Services, Inc., Term Loan B5, (3 mo. LIBOR + 2.50%), 3.88%, 03/09/23(n) |
|
|
|
|
|
|
337 |
|
|
|
338,472 |
|
Livingston International, Inc., 1st Lien Term Loan, (3 mo. LIBOR + 4.25%), 5.58%, 04/18/19(n) |
|
|
|
|
|
|
136 |
|
|
|
131,019 |
|
Packers Holdings LLC, Term Loan B, (1 mo. LIBOR + 3.50% 1.00% Floor), 4.74%, 12/02/21(n) |
|
|
|
|
|
|
566 |
|
|
|
566,482 |
|
Prime Security Services Borrower LLC, 2016 1st Lien Term Loan, (1 mo. LIBOR + 2.75% 1.00% Floor), 4.10%,
05/02/22(n) |
|
|
|
|
|
|
889 |
|
|
|
895,521 |
|
US Security Associates Holdings, Inc., 2016 Term Loan, (3 mo. LIBOR + 4.00% 1.00% Floor), 5.33%,
07/14/23(n) |
|
|
|
|
|
|
714 |
|
|
|
721,110 |
|
|
|
|
|
|
SCHEDULES OF INVESTMENTS |
|
|
27 |
|
|
|
|
Schedule of Investments (unaudited) (continued)
November 30, 2017 |
|
BlackRock Limited Duration Income Trust (BLW)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
Commercial Services & Supplies (continued) |
|
West Corp., 2017 Term Loan, (1 mo. LIBOR + 4.00% 1.00% Floor), 5.35%, 10/10/24(n) |
|
|
USD |
|
|
|
1,105 |
|
|
$ |
1,103,583 |
|
Wrangler Buyer Corp., Term Loan B, (1 mo. LIBOR + 3.00%), 4.35%, 09/27/24(n) |
|
|
|
|
|
|
1,140 |
|
|
|
1,147,207 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11,627,147 |
|
Communications Equipment 0.5% |
|
Avantor, Inc., 2017 1st Lien Term Loan,
09/07/24(o) |
|
|
|
|
|
|
891 |
|
|
|
891,276 |
|
Avaya, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
DIP Term Loan, (1 mo. LIBOR + 7.500%, 1.00% Floor), 8.70%, 01/24/18(n) |
|
|
|
|
|
|
55 |
|
|
|
54,971 |
|
Exit Term Loan B, 11/08/24(o) |
|
|
|
|
|
|
745 |
|
|
|
734,488 |
|
Term Loan B7, 0.00%, 05/29/20(n)(b)(c) |
|
|
|
|
|
|
289 |
|
|
|
220,184 |
|
Colorado Buyer, Inc., Term Loan B, (3 mo. LIBOR + 3.00% 1.00% Floor), 4.38%, 05/01/24(n) |
|
|
|
|
|
|
544 |
|
|
|
546,220 |
|
CommScope, Inc., Term Loan B5, (1 mo. LIBOR + 2.00%), 3.38%, 12/29/22(a)(n) |
|
|
|
|
|
|
268 |
|
|
|
269,340 |
|
Riverbed Technology, Inc., 2016 Term Loan, (1 mo. LIBOR + 3.25% 1.00% Floor), 4.60%, 04/24/22(n) |
|
|
|
|
|
|
301 |
|
|
|
295,578 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
Communications Equipment (continued) |
|
Securus Technologies Holdings, Inc., 2017 1st Lien Term Loan, (1 mo. LIBOR + 4.50% 1.00% Floor), 5.85%,
11/01/24(n) |
|
|
USD |
|
|
|
430 |
|
|
$ |
433,629 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,445,686 |
|
Construction & Engineering 0.5% |
|
Brand Energy & Infrastructure Services, Inc., 2017 Term Loan, (3 mo. LIBOR + 4.25% 1.00%
Floor), 5.63%, 06/21/24(n) |
|
|
|
|
|
|
2,151 |
|
|
|
2,159,492 |
|
CNT Holdings III Corp., 2017 Term Loan, (1 mo. LIBOR + 3.25% 1.00% Floor), 4.60%, 01/22/23(n) |
|
|
|
|
|
|
375 |
|
|
|
362,734 |
|
Pike Corp., Replacement Term Loan, (1 mo. LIBOR + 3.50% 1.00% Floor), 4.85%, 09/20/24(n) |
|
|
|
|
|
|
229 |
|
|
|
232,585 |
|
USIC Holdings, Inc., 2017 Term Loan B, (6 mo. LIBOR + 3.50% 1.00% Floor), 5.00%, 12/08/23(n) |
|
|
|
|
|
|
410 |
|
|
|
412,775 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,167,586 |
|
Construction Materials 0.4% |
|
Core & Main LP, 2017 Term Loan B, (6 mo. LIBOR + 3.00% 1.00% Floor), 4.46%, 08/01/24(n) |
|
|
|
|
|
|
885 |
|
|
|
889,983 |
|
Filtration Group Corp., 1st Lien Term Loan, (3 mo. LIBOR + 3.00% 1.00% Floor), 4.38%, 11/21/20(n) |
|
|
|
|
|
|
1,225 |
|
|
|
1,234,045 |
|
|
|
|
28 |
|
2017 BLACKROCK QUARTERLY REPORT TO SHAREHOLDERS |
|
|
|
Schedule of Investments (unaudited) (continued)
November 30, 2017 |
|
BlackRock Limited Duration Income Trust (BLW)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
Construction Materials (continued) |
|
GYP Holdings III Corp., 2017 Term Loan B, (3 mo. LIBOR + 3.00%, 1.00% Floor), 4.38%, 04/01/23(n) |
|
|
USD |
|
|
|
701 |
|
|
$ |
704,862 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,828,890 |
|
Containers & Packaging 0.3% |
|
Berlin Packaging LLC, 2017 Term Loan B, (3 mo. LIBOR + 3.25%, 1.00% Floor), 4.50%, 10/01/21(n) |
|
|
|
|
|
|
259 |
|
|
|
260,596 |
|
Berry Plastics Group, Inc., Term Loan M, (1 mo. LIBOR + 2.25%), 3.50%, 10/01/22(n) |
|
|
|
|
|
|
970 |
|
|
|
972,969 |
|
BWAY Holding Co., 2017 Term Loan B, (3 mo. LIBOR + 3.25%), 4.52%, 04/03/24(n) |
|
|
|
|
|
|
565 |
|
|
|
567,805 |
|
Plastipak Holdings, Inc., Term Loan B, (1 mo. LIBOR + 2.75%), 4.02%, 10/04/24(n) |
|
|
|
|
|
|
290 |
|
|
|
291,378 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,092,748 |
|
Distributors 0.3% |
|
American Builders & Contractors Supply Co., Inc., 2017 Term Loan B, (1 mo. LIBOR + 2.50%),
3.85%, 10/31/23(n) |
|
|
|
|
|
|
933 |
|
|
|
935,615 |
|
American Tire Distributors Holdings, Inc., 2015 Term Loan, (1 mo. LIBOR + 4.25%, 1.00% Floor), 5.60%,
09/01/21(n) |
|
|
|
|
|
|
219 |
|
|
|
220,746 |
|
TriMark USA LLC: |
|
|
|
|
|
|
|
|
|
|
|
|
2017 1st Lien Term Loan, (2 mo. LIBOR + 3.50%), 4.82%, 09/26/24(n) |
|
|
|
|
|
|
597 |
|
|
|
600,684 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
Distributors (continued) |
|
TriMark USA LLC (continued): |
|
|
|
|
|
|
|
|
|
|
|
|
Delayed Draw Term Loan, 09/26/24(o) |
|
|
USD |
|
|
|
28 |
|
|
$ |
28,021 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,785,066 |
|
Diversified Consumer Services 0.6% |
|
Ascend Learning LLC, 2017 Term Loan B, (1 mo. LIBOR + 3.25%, 1.00% Floor), 4.60%, 07/12/24(n) |
|
|
|
|
|
|
380 |
|
|
|
381,900 |
|
Bright Horizons Family Solutions, Inc., 2017 Term Loan B, (PRIME + 1.25%), 3.60%, 11/07/23(n) |
|
|
|
|
|
|
721 |
|
|
|
722,857 |
|
Serta Simmons Bedding LLC, 1st Lien Term Loan, (3 mo. LIBOR + 3.50%, 1.00% Floor), 4.84%, 11/08/23(n) |
|
|
|
|
|
|
1,287 |
|
|
|
1,242,231 |
|
ServiceMaster Co., 2016 Term Loan B, (1 mo. LIBOR + 2.50%), 3.85%, 11/08/23(n) |
|
|
|
|
|
|
735 |
|
|
|
735,596 |
|
Spin Holdco Inc., 2017 Term Loan B, (2 mo. LIBOR + 3.75%, 1.00% Floor), 5.15%, 11/14/22(n) |
|
|
|
|
|
|
429 |
|
|
|
431,978 |
|
Weight Watchers International, Inc., 2017 Term Loan B,
11/17/24(o) |
|
|
|
|
|
|
195 |
|
|
|
191,840 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,706,402 |
|
Diversified Financial Services 0.3% |
|
AlixPartners LLP, 2017 Term Loan B, (3 mo. LIBOR + 2.75%, 1.00% Floor), 4.08%, 04/04/24(n) |
|
|
|
|
|
|
966 |
|
|
|
969,742 |
|
Kingpin Intermediate Holdings LLC, 2017 1st Lien Term Loan B, (3 mo. LIBOR + 4.25%, 1.00% Floor), 5.57%,
06/28/24(n) |
|
|
|
|
|
|
499 |
|
|
|
502,491 |
|
Nomad Foods Europe Midco Ltd., Term Loan B, (1 mo. LIBOR + 2.75%), 4.00%, 05/15/24(n) |
|
|
|
|
|
|
395 |
|
|
|
395,988 |
|
|
|
|
|
|
SCHEDULES OF INVESTMENTS |
|
|
29 |
|
|
|
|
Schedule of Investments (unaudited) (continued)
November 30, 2017 |
|
BlackRock Limited Duration Income Trust (BLW)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
Diversified Financial Services (continued) |
|
SAM Finance Luxembourg Sarl, Term Loan, (3 mo. LIBOR + 3.25%, 1.00% Floor), 4.57%, 12/17/20(n) |
|
|
USD |
|
|
|
55 |
|
|
$ |
55,765 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,923,986 |
|
Diversified Telecommunication Services 2.3% |
|
CenturyLink, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
2017 Term Loan A, 02/09/22(o) |
|
|
|
|
|
|
500 |
|
|
|
495,780 |
|
2017 Term Loan B, (1 mo. LIBOR + 2.75%), 4.10%
01/31/25(n) |
|
|
|
|
|
|
4,573 |
|
|
|
4,375,812 |
|
Consolidated Communications, Inc., 2016 Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.35%, 10/04/23(n) |
|
|
|
|
|
|
139 |
|
|
|
136,612 |
|
Frontier Communications Corp., 2017 Term Loan B1, (1 mo. LIBOR + 3.75%), 5.09%, 06/15/24(n) |
|
|
|
|
|
|
669 |
|
|
|
636,693 |
|
Hargray Communications Group, Inc., 2017 Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.35%,
05/16/24(n) |
|
|
|
|
|
|
440 |
|
|
|
439,761 |
|
Level 3 Financing, Inc., 2017 Term Loan B, (3 mo. LIBOR + 2.25%), 3.70%, 02/22/24(n) |
|
|
|
|
|
|
2,497 |
|
|
|
2,493,879 |
|
Lumos Networks Operating Co.(o): |
|
|
|
|
|
|
|
|
|
|
|
|
1st Lien Term Loan B, 10/16/24 |
|
|
|
|
|
|
308 |
|
|
|
309,513 |
|
Topco Term Loan, 10/16/24 |
|
|
|
|
|
|
302 |
|
|
|
301,621 |
|
Sprint Communications, Inc., 1st Lien Term Loan B, (1 mo. LIBOR + 2.50%), 3.88%, 02/02/24(n) |
|
|
|
|
|
|
1,532 |
|
|
|
1,531,692 |
|
Telenet International Finance Sarl: |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan AI, (1 mo. LIBOR + 2.75%), 4.00%,
06/30/25(n) |
|
|
|
|
|
|
2,080 |
|
|
|
2,081,165 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
Diversified Telecommunication Services (continued) |
|
Telenet International Finance Sarl (continued): |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan AL, 03/02/26(o) |
|
|
USD |
|
|
|
1,475 |
|
|
$ |
1,475,000 |
|
Zayo Group LLC, 2017 Term Loan B1, (1 mo. LIBOR + 2.00%), 3.31%, 01/19/21(n) |
|
|
|
|
|
|
345 |
|
|
|
345,369 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
14,622,897 |
|
Electric Utilities 0.8% |
|
Energy Future Intermediate Holding Co. LLC, 2017 DIP Term Loan, (1 mo. LIBOR + 3.00%, 1.00% Floor),
4.35%, 06/30/18(n) |
|
|
|
|
|
|
3,855 |
|
|
|
3,866,719 |
|
TEX Operations Co. LLC(n): |
|
|
|
|
|
|
|
|
|
|
|
|
Exit Term Loan B, (1 mo. LIBOR + 2.75%), 4.08%, 08/04/23 |
|
|
|
|
|
|
654 |
|
|
|
656,502 |
|
Exit Term Loan C, (3 mo. LIBOR + 2.75%), 4.08%, 08/04/23 |
|
|
|
|
|
|
152 |
|
|
|
152,511 |
|
Texas Competitive Electric Holdings Co. LLC/TCEH Finance, Inc., Term Loan, 11/10/18(a)(o) |
|
|
|
|
|
|
780 |
|
|
|
|
|
Vistra Operations Co. LLC, 2016 Term Loan B2, (3 mo. LIBOR + 2.75%), 4.02%, 12/14/23(n) |
|
|
|
|
|
|
152 |
|
|
|
153,591 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,829,323 |
|
Electrical Equipment 0.2% |
|
Gates Global LLC, 2017 Repriced Term Loan B, (3 mo. LIBOR + 3.00%, 1.00% Floor), 4.39%, 04/01/24(n) |
|
|
|
|
|
|
1,183 |
|
|
|
1,189,285 |
|
|
|
|
|
|
|
|
|
|
Electronic Equipment, Instruments & Components 0.1% |
|
Excelitas Technologies Corp., 2017 1st Lien Term Loan,
11/15/24(o) |
|
|
|
|
|
|
300 |
|
|
|
301,875 |
|
|
|
|
30 |
|
2017 BLACKROCK QUARTERLY REPORT TO SHAREHOLDERS |
|
|
|
Schedule of Investments (unaudited) (continued)
November 30, 2017 |
|
BlackRock Limited Duration Income Trust (BLW)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
Electronic Equipment, Instruments & Components (continued) |
|
Zebra Technologies Corporation, 2017 Term Loan B, (3 mo. LIBOR + 2.00%), 3.37%, 10/27/21(n) |
|
|
USD |
|
|
|
332 |
|
|
$ |
332,569 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
634,444 |
|
Energy Equipment & Services 0.3% |
|
Exgen Texas Power LLC, Term Loan B, (1 mo. LIBOR + 4.75), 6.08%, 09/16/21(n) |
|
|
|
|
|
|
370 |
|
|
|
228,543 |
|
Gavilan Resources LLC, 2nd Lien Term Loan, (1 mo. LIBOR + 6.00%, 1.00% Floor), 7.24%, 03/01/24(n) |
|
|
|
|
|
|
983 |
|
|
|
965,798 |
|
Ocean Rig UDW Inc., Term Loan, (Fixed + 8.00%), 8.00%, 09/20/24 |
|
|
|
|
|
|
57 |
|
|
|
57,385 |
|
Pioneer Energy Services Corp., Term Loan, (1 Week LIBOR + 7.75%, 1.00% Floor), 8.99%, 11/02/22(n) |
|
|
|
|
|
|
260 |
|
|
|
260,325 |
|
Seadrill Partners Finco LLC, Term Loan B, (3 mo. LIBOR + 3.00%, 1.00% Floor), 4.33%, 02/21/21(n) |
|
|
|
|
|
|
284 |
|
|
|
218,282 |
|
Weatherford International Ltd., Term Loan, (1 mo. LIBOR + 2.30%), 3.65%, 07/13/20(n) |
|
|
|
|
|
|
455 |
|
|
|
442,678 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,173,011 |
|
Food & Staples Retailing 0.6% |
|
BJs Wholesale Club, Inc., 2017 1st Lien Term Loan, (1 mo. LIBOR + 3.50% 1.00% Floor), 4.99%,
02/03/24(n) |
|
|
|
|
|
|
698 |
|
|
|
686,292 |
|
Hostess Brands LLC, 2017 Repriced Term Loan, (1 mo. LIBOR + 2.25%), 3.60%, 08/03/22(n) |
|
|
|
|
|
|
1,198 |
|
|
|
1,199,680 |
|
Rite Aid Corp.(n): |
|
|
|
|
|
|
|
|
|
|
|
|
2nd Lien Term Loan, (1 Week LIBOR + 4.75% 1.00% Floor), 5.96%, 08/21/20 |
|
|
|
|
|
|
240 |
|
|
|
240,701 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
Food & Staples Retailing (continued) |
|
Rite Aid Corp. (continued)(n): |
|
|
|
|
|
|
|
|
|
|
|
|
2nd Lien Term Loan, (1 Week LIBOR + 3.87%, 1.00% Floor), 5.09%, 06/21/21 |
|
|
USD |
|
|
|
815 |
|
|
$ |
816,019 |
|
US Foods, Inc., 2016 Term Loan B, (1 mo. LIBOR + 2.50%), 4.10%, 06/27/23(n) |
|
|
|
|
|
|
657 |
|
|
|
659,771 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,602,463 |
|
Food Products 0.9% |
|
Albertsons LLC, 2017 Term Loan B4, (1 mo. LIBOR + 2.75%), 4.10%, 08/25/21(n) |
|
|
|
|
|
|
638 |
|
|
|
619,571 |
|
Chobani LLC, 2017 Term Loan B, (1 mo. LIBOR + 3.50%, 1.00% Floor), 4.74%, 10/09/23(n) |
|
|
|
|
|
|
746 |
|
|
|
753,613 |
|
Dole Food Company Inc., 2017 Term Loan B, (3 mo. LIBOR + 2.75%, 1.00% Floor), 3.99%, 04/06/24(n) |
|
|
|
|
|
|
338 |
|
|
|
338,953 |
|
JBS USA LLC, 2017 Term Loan B, (1 mo. LIBOR + 2.50%), 3.76%, 10/30/22(n) |
|
|
|
|
|
|
1,157 |
|
|
|
1,131,771 |
|
Pinnacle Foods Finance LLC, 2017 Term Loan B, (1 mo. LIBOR + 2.00%), 3.24%, 02/02/24(n) |
|
|
|
|
|
|
640 |
|
|
|
643,562 |
|
Reddy Ice Corp.(n): |
|
|
|
|
|
|
|
|
|
|
|
|
1st Lien Term Loan, (PRIME + 4.50%), 6.88%, 05/01/19 |
|
|
|
|
|
|
640 |
|
|
|
629,475 |
|
2nd Lien Term Loan, (3 mo. LIBOR + 9.50%), 10.85%, 11/01/19 |
|
|
|
|
|
|
233 |
|
|
|
219,020 |
|
|
|
|
|
|
SCHEDULES OF INVESTMENTS |
|
|
31 |
|
|
|
|
Schedule of Investments (unaudited) (continued)
November 30, 2017 |
|
BlackRock Limited Duration Income Trust (BLW)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
Food Products (continued) |
|
Reynolds Group Holdings, Inc., 2017 Term Loan, (1 mo. LIBOR + 2.75%), 4.10%, 02/05/23(n) |
|
|
USD |
|
|
|
1,263 |
|
|
$ |
1,268,698 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,604,663 |
|
Health Care Equipment & Supplies 1.0% |
|
Cotiviti Corp., Term Loan B, (3 mo. LIBOR + 2.50%), 3.84%, 09/28/23(n) |
|
|
|
|
|
|
621 |
|
|
|
624,353 |
|
CryoLife, Inc., Term Loan B, 11/14/24(o) |
|
|
|
|
|
|
585 |
|
|
|
587,925 |
|
DJO Finance LLC, 2015 Term Loan, (1 mo. LIBOR + 3.25%, 1.00% Floor), 4.60%, 06/08/20(n) |
|
|
|
|
|
|
1,877 |
|
|
|
1,858,162 |
|
Immucor, Inc., Extended Term Loan B, (2 mo. LIBOR + 5.00%, 1.00% Floor), 6.31%, 06/15/21(n) |
|
|
|
|
|
|
1,134 |
|
|
|
1,149,742 |
|
Mallinckrodt International Finance SA, Term Loan B, (3 mo. LIBOR + 2.75%), 4.08%, 09/24/24(n) |
|
|
|
|
|
|
512 |
|
|
|
511,512 |
|
Ortho-Clinical Diagnostics SA, Term Loan B, (3 mo. LIBOR + 3.75%, 1.00% Floor),
5.08%, 06/30/21(n) |
|
|
|
|
|
|
1,401 |
|
|
|
1,403,740 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,135,434 |
|
Health Care Providers & Services 1.8% |
|
Acadia Healthcare Co., Inc.(n): |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan B1, (1 mo. LIBOR + 2.75%), 4.10%, 02/11/22 |
|
|
|
|
|
|
231 |
|
|
|
232,901 |
|
Tranche B-2 Term Loan, (1 mo. LIBOR + 2.75%),
3.99%, 02/16/23 |
|
|
|
|
|
|
639 |
|
|
|
641,818 |
|
Air Medical Group Holdings, Inc., 2017 Term Loan B2,
09/07/24(o) |
|
|
|
|
|
|
560 |
|
|
|
562,660 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Par (000) |
|
|
Value |
|
Health Care Providers & Services (continued) |
|
Auris Luxembourg III Sarl, 2017 Term Loan B7, (3 mo. LIBOR + 3.00% 1.00% Floor), 4.33%, 01/17/22(n) |
|
|
USD |
|
|
|
854 |
|
|
$ |
859,547 |
|
CHG Healthcare Services, Inc., 2017 Term Loan B, (2 mo. LIBOR + 3.25% 1.00% Floor),
4.63%, 06/07/23(n) |
|
|
|
|
|
|
970 |
|
|
|
973,562 |
|
Community Health Systems, Inc., Term Loan G, (3 mo. LIBOR + 2.75% 1.00% Floor), 4.23%, 12/31/19(n) |
|
|
|
|
|
|
110 |
|
|
|
106,595 |
|
Curo Health Services Holdings, Inc., 2015 1st Lien Term Loan, (3 mo. LIBOR + 4.00% 1.00% Floor),
5.35%, 02/07/22(n) |
|
|
|
|
|
|
319 |
|
|
|
318,317 |
|
DaVita HealthCare Partners, Inc., Term Loan B, (1 mo. LIBOR + 2.75%), 4.10%, 06/24/21(n) |
|
|
|
|
|
|
252 |
|
|
|
254,520 |
|
Envision Healthcare Corp., 2016 Term Loan B, (1 mo. LIBOR + 3.00%), 4.35%, 12/01/23(n) |
|
|
|
|
|
|
2,372 |
|
|
|
2,376,534 |
|
HC Group Holdings III, Inc., Term Loan B, (1 mo. LIBOR + 5.00% 1.00% Floor), 6.35%, 04/07/22(n) |
|
|
|
|
|
|
818 |
|
|
|
825,172 |
|
HCA, Inc., Term Loan B9, (1 mo. LIBOR + 2.00%), 3.35%, 03/17/23(n) |
|
|
|
|
|
|
1,083 |
|
|
|
1,086,252 |
|
MPH Acquisition Holdings LLC, 2016 Term Loan B, (3 mo. LIBOR + 3.00% 1.00% Floor),
4.33%, 06/07/23(n) |
|
|
|
|
|
|
1,068 |
|
|
|
1,068,838 |
|
nThrive, Inc., 2016 1st Lien Term Loan, (1 mo. LIBOR + 4.50% 1.00% Floor), 5.85%, 10/20/22(a)(n) |
|
|
|
|
|
|
608 |
|
|
|
611,166 |
|
NVA Holdings, Inc., 1st Lien Term Loan B2, (3 mo. LIBOR + 3.50%), 4.83%, 08/14/21(n) |
|
|
|
|
|
|
622 |
|
|
|
625,944 |
|
|
|
|
32 |
|
2017 BLACKROCK QUARTERLY REPORT TO SHAREHOLDERS |
|
|
|
Schedule of Investments (unaudited) (continued)
November 30, 2017 |
|
BlackRock Limited Duration Income Trust (BLW)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par
(000) |
|
|
Value |
|
Health Care Providers & Services (continued) |
|
Team Health Holdings, Inc., 1st Lien Term Loan, (1 mo. LIBOR + 2.75%, 1.00% Floor), 4.10%, 02/06/24(n) |
|
|
USD |
|
|
|
398 |
|
|
$ |
388,533 |
|
Vizient, Inc., 2017 Term Loan B, (1 mo. LIBOR + 3.50%, 1.00% Floor), 4.85%, 02/13/23(n) |
|
|
|
|
|
|
559 |
|
|
|
560,557 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11,492,916 |
|
Health Care Technology 0.3% |
|
Change Healthcare Holdings, Inc., 2017 Term Loan B, (1 mo. LIBOR + 2.75%, 1.00% Floor), 4.10%, 03/01/24(n) |
|
|
|
|
|
|
1,144 |
|
|
|
1,146,464 |
|
Press Ganey Holdings, Inc.(n): |
|
|
|
|
|
|
|
|
|
|
|
|
2017 1st Lien Term Loan, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.35%, 10/23/23 |
|
|
|
|
|
|
490 |
|
|
|
493,413 |
|
2nd Lien Term Loan, (1 mo. LIBOR + 6.50%, 1.00% Floor), 7.85%, 10/21/24 |
|
|
|
|
|
|
145 |
|
|
|
146,211 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,786,088 |
|
Hotels, Restaurants & Leisure 2.2% |
|
Amaya Holdings BV(n): |
|
|
|
|
|
|
|
|
|
|
|
|
2nd Lien Term Loan, (3 mo. LIBOR + 7.00%, 1.00% Floor), 8.33%, 08/01/22 |
|
|
|
|
|
|
111 |
|
|
|
111,173 |
|
Repriced Term Loan B, (3 mo. LIBOR + 3.50%, 1.00% Floor), 4.83%, 08/01/21 |
|
|
|
|
|
|
974 |
|
|
|
978,659 |
|
Boyd Gaming Corp., Term Loan B3, (1 Week LIBOR + 2.50%), 3.70%, 09/15/23(n) |
|
|
|
|
|
|
528 |
|
|
|
530,211 |
|
Bronco Midstream Funding LLC, Term Loan B, (3 mo. LIBOR + 4.00%, 1.00% Floor), 5.44%, 08/15/20(n) |
|
|
|
|
|
|
960 |
|
|
|
965,681 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par
(000) |
|
|
Value |
|
Hotels, Restaurants & Leisure (continued) |
|
Burger King Newco Unlimited Liability Co., Term Loan B3, (3 mo. LIBOR + 2.25%, 1.00% Floor), 3.58%,
02/16/24(n) |
|
|
USD |
|
|
|
2,040 |
|
|
$ |
2,039,094 |
|
Caesars Entertainment Resort Properties LLC, Term Loan B, (1 mo. LIBOR + 3.50%, 1.00% Floor), 4.85%,
10/11/20(n) |
|
|
|
|
|
|
2,507 |
|
|
|
2,505,013 |
|
Caesars Growth Properties Holdings LLC, 2017 Term Loan, (1 mo. LIBOR + 2.75%, 1.00% Floor), 4.10%,
05/08/21(n) |
|
|
|
|
|
|
903 |
|
|
|
903,195 |
|
Caesars Resort Collection LLC, 2017 1st Lien Term Loan B, 09/27/24(o) |
|
|
|
|
|
|
1,496 |
|
|
|
1,503,326 |
|
CCM Merger, Inc., Term Loan B, (1 mo. LIBOR + 2.75%), 4.10%, 08/08/21(n) |
|
|
|
|
|
|
543 |
|
|
|
545,257 |
|
CEC Entertainment, Inc., Term Loan B, (1 mo. LIBOR + 3.25%, 1.00% Floor), 4.35%, 02/14/21(n) |
|
|
|
|
|
|
530 |
|
|
|
509,269 |
|
Cyan Blue Holdco 3 Ltd., 2017 Term Loan B, (3 mo. LIBOR + 3.50%), 4.83%, 07/26/24(n) |
|
|
|
|
|
|
455 |
|
|
|
457,325 |
|
ESH Hospitality, Inc., 2017 Term Loan B, (1 mo. LIBOR + 2.25%), 3.60%, 08/30/23(n) |
|
|
|
|
|
|
866 |
|
|
|
867,470 |
|
Four Seasons Hotels Ltd., 1st Lien Term Loan, (1 mo. LIBOR + 2.50%), 3.85%, 11/30/23(n) |
|
|
|
|
|
|
99 |
|
|
|
99,704 |
|
Gateway Casinos & Entertainment Ltd., Term Loan B1, (3 mo. LIBOR + 3.75%, 1.00% Floor), 5.08%,
02/22/23(n) |
|
|
|
|
|
|
135 |
|
|
|
136,051 |
|
Hilton Worldwide Finance LLC, Term Loan B2, (1 mo. LIBOR + 2.00%), 3.33%, 10/25/23(n) |
|
|
|
|
|
|
32 |
|
|
|
32,021 |
|
|
|
|
|
|
SCHEDULES OF INVESTMENTS |
|
|
33 |
|
|
|
|
Schedule of Investments (unaudited) (continued)
November 30, 2017 |
|
BlackRock Limited Duration Income Trust (BLW)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
Hotels, Restaurants & Leisure (continued) |
|
La Quinta Intermediate Holdings LLC, Term Loan B, (3 mo. LIBOR + 2.75% 1.00% Floor),
4.11%, 04/14/21(n) |
|
|
USD |
|
|
|
238 |
|
|
$ |
238,448 |
|
Playa Resorts Holding BV, 2017 Term Loan B,
04/05/24(o) |
|
|
|
|
|
|
375 |
|
|
|
376,312 |
|
Scientific Games International, Inc., 2017 Term Loan B4, (1 mo. LIBOR + 3.25%), 4.60%, 08/14/24(n) |
|
|
|
|
|
|
1,142 |
|
|
|
1,152,106 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
13,950,315 |
|
Household Durables 0.1% |
|
Serta Simmons Bedding LLC, 2nd Lien Term Loan, (1 mo. LIBOR + 8.00% 1.00% Floor), 9.24%, 11/08/24(n) |
|
|
|
|
|
|
741 |
|
|
|
672,787 |
|
|
|
|
|
|
|
|
|
|
Household Products 0.3% |
|
Diamond (BC) B.V., Term Loan, (2 mo. LIBOR + 3.00%), 4.42%, 09/06/24(n) |
|
|
|
|
|
|
885 |
|
|
|
885,513 |
|
Spectrum Brands, Inc., 2017 Term Loan B, (2 mo. LIBOR + 2.00%), 3.40%, 06/23/22(n) |
|
|
|
|
|
|
930 |
|
|
|
935,144 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,820,657 |
|
Independent Power and Renewable Electricity Producers 0.9% |
|
AES Corp., 2017 Term Loan B, (3 mo. LIBOR + 2.00%), 3.45%, 05/24/22(n) |
|
|
|
|
|
|
478 |
|
|
|
479,095 |
|
Calpine Construction Finance Co., LP, Original Term Loan B1, (1 mo. LIBOR + 2.25%), 3.60%, 05/03/20(n) |
|
|
|
|
|
|
488 |
|
|
|
487,690 |
|
Calpine Corp.(n): |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan B5, (3 mo. LIBOR + 2.75%), 4.09%, 01/15/24 |
|
|
|
|
|
|
255 |
|
|
|
254,977 |
|
Term Loan B6, (3 mo. LIBOR + 2.75% 1.00% Floor), 4.09%, 01/15/23 |
|
|
|
|
|
|
270 |
|
|
|
270,428 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
Independent Power and Renewable Electricity Producers (continued) |
|
Calpine Corp. (continued)(n): |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan B7, (3 mo. LIBOR + 2.75%), 4.09%, 05/31/23 |
|
|
USD |
|
|
|
407 |
|
|
$ |
407,508 |
|
Dynegy, Inc., 2017 Term Loan C, (1 mo. LIBOR + 3.25% 1.00% Floor), 4.60%, 02/07/24(n) |
|
|
|
|
|
|
1,064 |
|
|
|
1,069,999 |
|
Granite Acquisition, Inc.(n): |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan B, (3 mo. LIBOR + 4.00% 1.00% Floor), 5.34%, 12/19/21 |
|
|
|
|
|
|
1,086 |
|
|
|
1,096,791 |
|
Term Loan C, (3 mo. LIBOR + 4.00% 1.00% Floor), 5.33%, 12/19/21 |
|
|
|
|
|
|
49 |
|
|
|
49,583 |
|
Nautilus Power LLC, Term Loan B, (1 mo. LIBOR + 4.25% 1.00% Floor), 5.60%, 05/16/24(n) |
|
|
|
|
|
|
818 |
|
|
|
823,675 |
|
Terra-Gen Finance Co. LLC, Term Loan B, (1 mo. LIBOR +
4.25% 1.00% Floor), 5.60%, 12/09/21(a)(n) |
|
|
|
|
|
|
502 |
|
|
|
451,821 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,391,567 |
|
Industrial Conglomerates 0.3% |
|
Cortes NP Acquisition Corp., 2017 Term Loan B, (1 mo. LIBOR + 4.00% 1.00% Floor), 5.35%, 11/30/23(n) |
|
|
|
|
|
|
1,166 |
|
|
|
1,171,470 |
|
Sequa Corp., 1st Lien Term Loan, (2 mo. LIBOR + 5.50% 1.00% Floor), 6.87%, 11/28/21(n) |
|
|
|
|
|
|
479 |
|
|
|
481,793 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,653,263 |
|
Insurance 0.8% |
|
Alliant Holdings I, Inc., 2015 Term Loan B, (3 mo. LIBOR + 3.25% 1.00% Floor), 4.58%, 08/12/22(n) |
|
|
|
|
|
|
741 |
|
|
|
744,039 |
|
|
|
|
34 |
|
2017 BLACKROCK QUARTERLY REPORT TO SHAREHOLDERS |
|
|
|
Schedule of Investments (unaudited) (continued)
November 30, 2017 |
|
BlackRock Limited Duration Income Trust (BLW)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
Insurance (continued) |
|
AmWINS Group, Inc., 2017 Term Loan B, (1 mo. LIBOR + 2.75% 1.00% Floor), 4.10%, 01/25/24(n) |
|
|
USD |
|
|
|
620 |
|
|
$ |
621,863 |
|
AssuredPartners, Inc., 2017 1st Lien Add-On Term Loan, (1 mo. LIBOR
+ 3.50%), 4.85%, 10/22/24(n) |
|
|
|
|
|
|
449 |
|
|
|
452,125 |
|
Davis Vision Inc., 1st Lien Term Loan B,
11/01/24(o) |
|
|
|
|
|
|
605 |
|
|
|
608,025 |
|
Hub International Ltd., Term Loan B, (3 mo. LIBOR + 3.00% 1.00% Floor), 4.41%, 10/02/20(n) |
|
|
|
|
|
|
661 |
|
|
|
663,240 |
|
Sedgwick Claims Management Services,
Inc.(n): |
|
|
|
|
|
|
|
|
|
1st Lien Term Loan, (1 mo. LIBOR + 2.75% 1.00% Floor), 4.10%, 03/01/21 |
|
|
|
|
|
|
797 |
|
|
|
799,403 |
|
2016 1st Lien Term Loan, (3 mo. LIBOR + 3.25% 1.00% Floor), 4.58%, 03/01/21 |
|
|
|
|
|
|
262 |
|
|
|
263,242 |
|
2nd Lien Term Loan, (1 mo. LIBOR + 5.75% 1.00% Floor), 7.10%, 02/28/22 |
|
|
|
|
|
|
765 |
|
|
|
771,694 |
|
Stratose Intermediate Holdings II LLC, 1st Lien Term Loan, (1 mo. LIBOR + 3.25% 1.00% Floor),
4.60%, 06/22/23(n) |
|
|
|
|
|
|
234 |
|
|
|
235,732 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,159,363 |
|
Internet & Direct Marketing Retail 0.1% |
|
Harbor Freight Tools USA, Inc., 2016 Term Loan B, (1 mo. LIBOR + 3.25%), 4.60%, 08/18/23(n) |
|
|
|
|
|
|
491 |
|
|
|
493,639 |
|
|
|
|
|
|
|
|
|
|
Internet Software & Services 0.5% |
|
Go Daddy Operating Co. LLC, 2017 Repriced Term Loan, (1 mo. LIBOR + 2.25%), 3.60%, 02/15/24(n) |
|
|
|
|
|
|
1,186 |
|
|
|
1,189,354 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
Internet Software & Services (continued) |
|
GTT Communications, Inc., 2017 Add on Term Loan B, (1 mo. LIBOR + 3.25% 1.00% Floor),
4.63%, 01/09/24(n) |
|
|
USD |
|
|
|
161 |
|
|
$ |
161,790 |
|
Rackspace Hosting, Inc., 2017 Incremental 1st Lien Term Loan, (3 mo. LIBOR + 3.00% 1.00% Floor),
4.38%, 11/03/23(n) |
|
|
|
|
|
|
1,049 |
|
|
|
1,047,867 |
|
TierPoint LLC, 2017 1st Lien Term Loan, (1 mo. LIBOR + 3.75% 1.00% Floor), 5.10%, 05/06/24(n) |
|
|
|
|
|
|
469 |
|
|
|
467,264 |
|
WaveDivision Holdings LLC, Term Loan B, (2 mo. LIBOR + 2.75% 1.00% Floor), 4.13%, 10/15/19(n) |
|
|
|
|
|
|
380 |
|
|
|
380,097 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,246,372 |
|
IT Services 2.3% |
|
First Data Corp. (n): |
|
|
|
|
|
|
|
|
|
|
|
|
2022 Term Loan, (1 mo. LIBOR + 2.25%), 3.56%, 07/08/22 |
|
|
|
|
|
|
815 |
|
|
|
815,326 |
|
2024 Term Loan, (1 mo. LIBOR + 2.25%), 3.56%, 04/26/24 |
|
|
|
|
|
|
3,755 |
|
|
|
3,754,568 |
|
First Data Corp.(n) (continued): |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan A, (1 mo. LIBOR + 1.75%), 3.06%, 06/02/20 |
|
|
|
|
|
|
131 |
|
|
|
131,321 |
|
NeuStar, Inc.(n): |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan B1, (3 mo. LIBOR + 3.25%), 4.65%, 01/08/20 |
|
|
|
|
|
|
104 |
|
|
|
104,927 |
|
Term Loan B2, (3 mo. LIBOR + 3.75% 1.00% Floor), 5.15%, 08/08/24 |
|
|
|
|
|
|
344 |
|
|
|
346,998 |
|
Optiv Security, Inc.(n): |
|
|
|
|
|
|
|
|
|
|
|
|
1st Lien Term Loan, (3 mo. LIBOR + 3.25% 1.00% Floor), 4.63%, 02/01/24 |
|
|
|
|
|
|
1,229 |
|
|
|
1,170,411 |
|
|
|
|
|
|
SCHEDULES OF INVESTMENTS |
|
|
35 |
|
|
|
|
Schedule of Investments (unaudited) (continued)
November 30, 2017 |
|
BlackRock Limited Duration Income Trust (BLW)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
IT Services (continued) |
|
Optiv Security, Inc. (continued)(n): |
|
|
|
|
|
|
|
|
|
|
|
|
2nd Lien Term Loan, (3 mo. LIBOR + 7.25% 1.00% Floor), 8.63%, 02/01/25 |
|
|
USD |
|
|
|
335 |
|
|
$ |
309,519 |
|
Peak 10, Inc.(n): |
|
|
|
|
|
|
|
|
|
|
|
|
2017 1st Lien Term Loan, (2 mo. LIBOR + 3.50% 1.00% Floor), 4.82%, 08/01/24 |
|
|
|
|
|
|
696 |
|
|
|
697,178 |
|
2017 2nd Lien Term Loan, (3 mo. LIBOR + 7.25% 1.00% Floor), 8.63%, 08/01/25 |
|
|
|
|
|
|
513 |
|
|
|
518,556 |
|
Sabre Global Inc., Incremental Term Loan B, (1 mo. LIBOR + 2.25% 1.00% Floor), 3.60%, 02/22/24(n) |
|
|
|
|
|
|
896 |
|
|
|
899,243 |
|
TKC Holdings, Inc.(n): |
|
|
|
|
|
|
|
|
|
|
|
|
2017 2nd Lien Term Loan, (2 mo. LIBOR + 8.00% 1.00% Floor), 9.42%, 02/01/24 |
|
|
|
|
|
|
438 |
|
|
|
441,285 |
|
2017 Term Loan, (1 mo. LIBOR + 4.25% 1.00% Floor), 5.67%, 02/01/23 |
|
|
|
|
|
|
716 |
|
|
|
724,015 |
|
Trans Union LLC, Term Loan B3, (1 mo. LIBOR + 2.00%), 3.35%, 04/10/23(n) |
|
|
|
|
|
|
1,140 |
|
|
|
1,143,539 |
|
Vantiv LLC, 2017 Term Loan B, (1 mo. LIBOR + 2.00%), 3.25%, 10/14/23(n) |
|
|
|
|
|
|
515 |
|
|
|
517,697 |
|
VF Holding Corp., Reprice Term Loan, (1 mo. LIBOR + 3.25% 1.00% Floor), 4.60%, 06/30/23(n) |
|
|
|
|
|
|
1,446 |
|
|
|
1,453,075 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
IT Services (continued) |
|
WEX, Inc., 2017 Term Loan B2, (1 mo. LIBOR + 2.75%), 4.10%, 06/30/23(n) |
|
|
USD |
|
|
|
1,200 |
|
|
$ |
1,207,119 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
14,234,777 |
|
Life Sciences Tools & Services 0.2% |
|
Albany Molecular Research, Inc.(n): |
|
|
|
|
|
|
|
|
|
|
|
|
2017 1st Lien Term Loan, (3 mo. LIBOR + 3.25% 1.00% Floor), 4.58%, 08/30/24 |
|
|
|
|
|
|
306 |
|
|
|
306,894 |
|
2017 2nd Lien Term Loan, (3 mo. LIBOR + 7.00% 1.00% Floor), 8.33%, 08/30/25 |
|
|
|
|
|
|
300 |
|
|
|
303,750 |
|
Parexel International Corp., Term Loan B, (1 mo. LIBOR + 3.00%), 4.35%, 09/27/24(n) |
|
|
|
|
|
|
560 |
|
|
|
563,035 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,173,679 |
|
Machinery 0.7% |
|
Clark Equipment Co., 2017 Term Loan B, (3 mo. LIBOR + 2.50%), 3.83%, 05/18/24(n) |
|
|
|
|
|
|
356 |
|
|
|
357,551 |
|
Columbus McKinnon Corp., Term Loan B, (3 mo. LIBOR + 3.00% 1.00% Floor), 4.33%, 01/31/24(a)(n) |
|
|
|
|
|
|
92 |
|
|
|
93,170 |
|
Gardner Denver, Inc., 2017 Term Loan B, (3 mo. LIBOR + 2.75%), 4.08%, 07/30/24(n) |
|
|
|
|
|
|
889 |
|
|
|
891,629 |
|
Hayward Industries, Inc., 1st Lien Term Loan, (1 mo. LIBOR + 3.50%), 4.85%, 08/05/24(n) |
|
|
|
|
|
|
494 |
|
|
|
495,077 |
|
Infiltrator Systems, Inc., 2017 1st Lien Term Loan B, (3 mo. LIBOR + 3.00% 1.00% Floor),
4.33%, 05/27/22(n) |
|
|
|
|
|
|
756 |
|
|
|
760,950 |
|
|
|
|
36 |
|
2017 BLACKROCK QUARTERLY REPORT TO SHAREHOLDERS |
|
|
|
Schedule of Investments (unaudited) (continued)
November 30, 2017 |
|
BlackRock Limited Duration Income Trust (BLW)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
Machinery (continued) |
|
Mueller Water Products, Inc., 2017 Term Loan B, (3 mo. LIBOR + 2.50%), 3.85%, 11/25/21(n) |
|
|
USD |
|
|
|
297 |
|
|
$ |
298,883 |
|
Rexnord LLC, 2016 Term Loan B, (3 mo. LIBOR + 2.75%, 1.00% Floor), 4.11%, 08/21/23(n) |
|
|
|
|
|
|
759 |
|
|
|
759,170 |
|
Signode Industrial Group US, Inc., Term Loan B, (1 mo. LIBOR + 2.75%, 1.00% Floor), 4.10%, 05/04/21(n) |
|
|
|
|
|
|
76 |
|
|
|
76,872 |
|
Tecomet Inc., 2017 Repriced Term Loan, (3 mo. LIBOR + 3.75%, 1.00% Floor), 5.13%, 05/01/24(n) |
|
|
|
|
|
|
459 |
|
|
|
462,719 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,196,021 |
|
Media 3.2% |
|
Altice Financing SA, 2017 1st Lien Term Loan,
01/05/26(a)(o) |
|
|
|
|
|
|
84 |
|
|
|
80,995 |
|
Altice US Finance I Corp., 2017 Term Loan, (1 mo. LIBOR + 2.25%), 3.60%, 07/28/25(n) |
|
|
|
|
|
|
2,193 |
|
|
|
2,175,682 |
|
Cable One, Inc., 2017 Term Loan B, (2 mo. LIBOR + 2.25%), 3.57%, 05/01/24(a)(n) |
|
|
|
|
|
|
259 |
|
|
|
259,674 |
|
CBS Radio Inc., 2017 Term Loan B, (3 mo. LIBOR + 2.75%), 4.17%, 11/17/24(n) |
|
|
|
|
|
|
376 |
|
|
|
378,198 |
|
Charter Communications Operating LLC, 2016 Term Loan I Add, (1 mo. LIBOR + 2.25%), 3.60%, 01/15/24(n) |
|
|
|
|
|
|
1,705 |
|
|
|
1,712,382 |
|
CSC Holdings LLC, 2017 1st Lien Term Loan, (1 mo. LIBOR + 2.25%), 3.51%, 07/17/25(n) |
|
|
|
|
|
|
1,496 |
|
|
|
1,486,892 |
|
DHX Media Ltd., Term Loan B, (1 mo. LIBOR + 3.75%, 1.00% Floor), 5.10%, 12/29/23(n) |
|
|
|
|
|
|
279 |
|
|
|
279,476 |
|
Getty Images, Inc., Term Loan B, (3 mo. LIBOR + 3.50%), 4.83%, 10/18/19(n) |
|
|
|
|
|
|
177 |
|
|
|
153,975 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
Media (continued) |
|
Gray Television, Inc., 2017 Term Loan B, (1 mo. LIBOR + 2.25%), 3.49%, 02/07/24(n) |
|
|
USD |
|
|
|
502 |
|
|
$ |
504,005 |
|
Houghton Mifflin Harcourt Publishing Co., 2015 Term Loan B, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.35%,
05/31/21(n) |
|
|
|
|
|
|
262 |
|
|
|
243,107 |
|
iHeartCommunications, Inc.(n): |
|
|
|
|
|
|
|
|
|
|
|
|
Extended Term Loan E, (3 mo. LIBOR + 7.50%), 8.83%, 07/30/19 |
|
|
|
|
|
|
215 |
|
|
|
160,915 |
|
Term Loan D, (3 mo. LIBOR + 6.75%), 8.08%, 01/30/19 |
|
|
|
|
|
|
1,972 |
|
|
|
1,485,307 |
|
Intelsat Jackson Holdings SA, Term Loan B2, (3 mo. LIBOR + 2.75%, 1.00% Floor),
4.07%, 06/30/19(n) |
|
|
|
|
|
|
2,360 |
|
|
|
2,352,521 |
|
Learfield Communications LLC, 2016 1st Lien Term Loan, (1 mo. LIBOR + 3.25%, 1.00% Floor), 4.60%,
12/01/23(a)(n) |
|
|
|
|
|
|
566 |
|
|
|
568,432 |
|
Mission Broadcasting, Inc., 2017 Term Loan B2, (1 mo. LIBOR + 2.50%), 3.74%, 01/17/24(n) |
|
|
|
|
|
|
150 |
|
|
|
150,171 |
|
Nexstar Broadcasting, Inc., 2017 Term Loan B2, (1 mo. LIBOR + 2.50%), 3.74%, 01/17/24(n) |
|
|
|
|
|
|
1,187 |
|
|
|
1,189,557 |
|
Numericable Group SA, Term Loan B12, (3 mo. LIBOR + 3.00%), 4.35%, 01/31/26(n) |
|
|
|
|
|
|
542 |
|
|
|
528,450 |
|
Radiate Holdco LLC, 1st Lien Term Loan, (1 mo. LIBOR + 3.00%), 4.35%, 02/01/24(n) |
|
|
|
|
|
|
448 |
|
|
|
444,114 |
|
SBA Senior Finance II LLC, Term Loan B1, (1 mo. LIBOR + 2.25%), 3.60%, 03/24/21(n) |
|
|
|
|
|
|
674 |
|
|
|
675,097 |
|
|
|
|
|
|
SCHEDULES OF INVESTMENTS |
|
|
37 |
|
|
|
|
Schedule of Investments (unaudited) (continued)
November 30, 2017 |
|
BlackRock Limited Duration Income Trust (BLW)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
Media (continued) |
|
Trader Corp., 2017 Term Loan B, (OR + 3.00%, 1.00% Floor), 4.41%, 09/28/23(n) |
|
|
USD |
|
|
|
417 |
|
|
$ |
417,191 |
|
Tribune Media Co., Term Loan C, (1 mo. LIBOR + 3.00%), 4.35%, 01/27/24(n) |
|
|
|
|
|
|
1,222 |
|
|
|
1,223,649 |
|
Unitymedia Finance LLC, Term Loan B, (1 mo. LIBOR + 2.25%), 3.50%, 09/30/25(n) |
|
|
|
|
|
|
691 |
|
|
|
690,710 |
|
Univision Communications, Inc., Term Loan C5, (1 mo. LIBOR + 2.75%, 1.00% Floor), 4.10%, 03/15/24(n) |
|
|
|
|
|
|
623 |
|
|
|
618,435 |
|
Virgin Media Bristol LLC, 2017 Term Loan,
01/31/26(o) |
|
|
|
|
|
|
1,795 |
|
|
|
1,793,887 |
|
William Morris Endeavor Entertainment LLC, 1st Lien Term Loan, (3 mo. LIBOR + 3.25%, 1.00% Floor),
4.57%, 05/06/21(n) |
|
|
|
|
|
|
109 |
|
|
|
109,380 |
|
Ziggo Secured Finance Partnership, Term Loan E, (1 mo. LIBOR + 2.50%), 3.75%, 04/15/25(n) |
|
|
|
|
|
|
516 |
|
|
|
512,904 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
20,195,106 |
|
Metals & Mining 0.0% |
|
WireCo WorldGroup, Inc., 2016 1st Lien Term Loan, (3 mo. LIBOR + 5.50%, 1.00% Floor), 6.82%, 09/30/23(n) |
|
|
|
|
|
|
233 |
|
|
|
232,843 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Multiline Retail 0.2% |
|
Hudsons Bay Co., 2015 Term Loan B, (3 mo. LIBOR + 3.25%, 1.00% Floor), 4.72%, 09/30/22(n) |
|
|
|
|
|
|
966 |
|
|
|
949,084 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Oil, Gas & Consumable Fuels 1.2% |
|
BCP Raptor LLC, Term Loan B, (3 mo. LIBOR + 4.25%, 1.00% Floor), 5.73%, 06/24/24(n) |
|
|
|
|
|
|
569 |
|
|
|
572,487 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
Oil, Gas & Consumable Fuels (continued) |
|
BCP Renaissance Parent LLC, 2017 Term Loan B, (3 mo. LIBOR + 4.00%, 1.00% Floor),
5.38%, 10/31/24(n) |
|
|
USD |
|
|
|
670 |
|
|
$ |
676,070 |
|
California Resources Corp.: |
|
|
|
|
|
|
|
|
|
|
|
|
2017 1st Lien Term Loan, 11/08/22(o) |
|
|
|
|
|
|
521 |
|
|
|
512,148 |
|
Second Out Term Loan, (1 mo. LIBOR + 10.37%), 11.66%, 12/31/21(n) |
|
|
|
|
|
|
745 |
|
|
|
804,671 |
|
Chesapeake Energy Corp., Term Loan, (3 mo. LIBOR + 7.50%, 1.00% Floor), 8.95%, 08/23/21(n) |
|
|
|
|
|
|
962 |
|
|
|
1,023,090 |
|
CITGO Holding, Inc., 2015 Term Loan B, (3 mo. LIBOR + 8.50%, 1.00% Floor), 9.84%, 05/12/18(n) |
|
|
|
|
|
|
325 |
|
|
|
325,555 |
|
CONSOL Energy, Inc., 1st Lien Term Loan B,
10/26/22(o) |
|
|
|
|
|
|
260 |
|
|
|
260,648 |
|
EWT Holdings III Corp., 1st Lien Term Loan, (3 mo. LIBOR + 3.75%, 1.00% Floor),
5.08%, 01/15/21(n) |
|
|
|
|
|
|
273 |
|
|
|
274,584 |
|
Medallion Midland Acquisition LLC, 1st Lien Term Loan, (3 mo. LIBOR + 3.25%, 1.00% Floor), 4.56%,
10/30/24(a)(n) |
|
|
|
|
|
|
410 |
|
|
|
410,512 |
|
MEG Energy Corp., 2017 Term Loan B, (3 mo. LIBOR + 3.50%, 1.00% Floor), 4.83%, 12/31/23(n) |
|
|
|
|
|
|
745 |
|
|
|
744,709 |
|
Moxie Patriot LLC, Term Loan B1, (3 mo. LIBOR + 5.75%), 7.08%, 12/19/20(a)(n) |
|
|
|
|
|
|
157 |
|
|
|
151,219 |
|
PowerTeam Services LLC, 2nd Lien Term Loan, (3 mo. LIBOR + 7.25%, 1.00% Floor), 8.58%, 11/06/20(n) |
|
|
|
|
|
|
275 |
|
|
|
273,969 |
|
|
|
|
38 |
|
2017 BLACKROCK QUARTERLY REPORT TO SHAREHOLDERS |
|
|
|
Schedule of Investments (unaudited) (continued)
November 30, 2017 |
|
BlackRock Limited Duration Income Trust (BLW)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
Oil, Gas & Consumable Fuels (continued) |
|
Ultra Resources, Inc., 1st Lien Term Loan, (3 mo. LIBOR + 3.00%, 1.00% Floor), 4.41%, 04/12/24(n) |
|
|
USD |
|
|
|
476 |
|
|
$ |
474,810 |
|
Veresen Midstream LP, Reprice Term Loan B, (1 mo. LIBOR + 3.00%), 4.35%, 03/31/22(n) |
|
|
|
|
|
|
812 |
|
|
|
817,505 |
|
Vine Oil & Gas LP, Term Loan B, (1 mo. LIBOR + 6.87%, 1.00% Floor), 8.22%, 12/12/21(a)(n) |
|
|
|
|
|
|
383 |
|
|
|
377,255 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,699,232 |
|
Personal Products 0.4% |
|
Clover Merger Sub, Inc. (n): |
|
|
|
|
|
|
|
|
|
|
|
|
2017 1st Lien Term Loan, (3 mo. LIBOR + 3.50%, 1.00% Floor), 4.83%, 09/26/24 |
|
|
|
|
|
|
1,200 |
|
|
|
1,146,000 |
|
2017 2nd Lien Term Loan, (3 mo. LIBOR + 7.75%, 1.00% Floor), 9.08%, 09/26/25 |
|
|
|
|
|
|
544 |
|
|
|
489,600 |
|
Prestige Brands, Inc., Term Loan B4, (1 mo. LIBOR + 2.75%), 4.10%, 01/26/24(n) |
|
|
|
|
|
|
824 |
|
|
|
828,339 |
|
Revlon Consumer Products Corp., 2016 Term Loan B, (1 mo. LIBOR + 3.50%), 4.85%, 09/07/23(n) |
|
|
|
|
|
|
116 |
|
|
|
87,527 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,551,466 |
|
Pharmaceuticals 0.7% |
|
Akorn, Inc., Term Loan B, (1 mo. LIBOR + 4.25%), 5.63%, 04/16/21(a)(n) |
|
|
|
|
|
|
609 |
|
|
|
610,256 |
|
Grifols Worldwide Operations USA, Inc., 2017 Acquisition Term Loan, (1 Week LIBOR + 2.25%), 3.45%,
01/31/25(n) |
|
|
|
|
|
|
1,234 |
|
|
|
1,236,885 |
|
Jaguar Holding Co. II, 2017 Term Loan, (3 mo. LIBOR + 2.75%, 1.00% Floor), 4.10%, 08/18/22(n) |
|
|
|
|
|
|
1,531 |
|
|
|
1,533,063 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
Pharmaceuticals (continued) |
|
Valeant Pharmaceuticals International, Inc., Series F1 Term Loan B, (1 mo. LIBOR + 3.50%), 4.75%,
04/01/22(n) |
|
|
USD |
|
|
|
1,067 |
|
|
$ |
1,081,617 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,461,821 |
|
Professional Services 0.4% |
|
Advantage Sales & Marketing, Inc., 2014 1st Lien Term Loan, (2 mo. LIBOR + 3.25%, 1.00% Floor),
4.63%, 07/23/21(n) |
|
|
|
|
|
|
165 |
|
|
|
159,698 |
|
Cast and Crew Payroll LLC, 2017 1st Lien Term Loan B, (3 mo. LIBOR + 3.00%), 4.33%, 09/26/24(n) |
|
|
|
|
|
|
747 |
|
|
|
751,796 |
|
Information Resources, Inc., 1st Lien Term Loan, (OR + 4.25%, 1.00% Floor), 5.62%, 01/18/24(n) |
|
|
|
|
|
|
343 |
|
|
|
345,276 |
|
SIRVA Worldwide, Inc., 2016 Term Loan, (3 mo. LIBOR + 6.50%, 1.00% Floor), 7.84%, 11/14/22(a)(n) |
|
|
|
|
|
|
238 |
|
|
|
239,391 |
|
Sterling Infosystems, Inc., 1st Lien Term Loan B, (3 mo. LIBOR + 3.50%, 1.00% Floor), 4.84%, 06/20/22(a)(n) |
|
|
|
|
|
|
737 |
|
|
|
738,912 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,235,073 |
|
Real Estate Investment Trusts (REITs) 0.3% |
|
Capital Automotive LP, 2017 1st Lien Term Loan, (1 mo. LIBOR + 2.50%, 1.00% Floor), 3.85%, 03/24/24(n) |
|
|
|
|
|
|
248 |
|
|
|
248,312 |
|
MGM Growth Properties Operating Partnership LP, 2016 Term Loan B, (1 mo. LIBOR + 2.25%), 3.60%, 04/25/23(n) |
|
|
|
|
|
|
1,378 |
|
|
|
1,384,051 |
|
|
|
|
|
|
SCHEDULES OF INVESTMENTS |
|
|
39 |
|
|
|
|
Schedule of Investments (unaudited) (continued)
November 30, 2017 |
|
BlackRock Limited Duration Income Trust (BLW)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
Real Estate Investment Trusts (REITs) (continued) |
|
RHP Hotel Properties LP, 2017 Term Loan B, (3 mo. LIBOR + 2.25%), 3.67%, 05/11/24(a)(n) |
|
|
USD |
|
|
|
408 |
|
|
$ |
410,500 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,042,863 |
|
Real Estate Management & Development 0.4% |
|
CityCenter Holdings LLC, 2017 Term Loan B, (1 mo. LIBOR + 2.50%), 3.85%, 04/18/24(n) |
|
|
|
|
|
|
1,123 |
|
|
|
1,127,263 |
|
DTZ US Borrower LLC, 2015 1st Lien Term Loan, (3 mo. LIBOR + 3.25%, 1.00% Floor), 4.63%, 11/04/21(n) |
|
|
|
|
|
|
497 |
|
|
|
488,568 |
|
Realogy Corp., 2017 Term Loan B, (1 mo. LIBOR + 2.25%), 3.60%, 07/20/22(n) |
|
|
|
|
|
|
814 |
|
|
|
816,811 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,432,642 |
|
Road & Rail 0.2% |
|
PODS LLC, 2017 Term Loan B, 11/21/24(o) |
|
|
|
|
|
|
885 |
|
|
|
887,770 |
|
Road Infrastructure Investment LLC, 2016 1st Lien Term Loan, (1 mo. LIBOR + 3.50%, 1.00% Floor), 4.81%,
06/13/23(n) |
|
|
|
|
|
|
149 |
|
|
|
149,319 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,037,089 |
|
Semiconductors & Semiconductor Equipment 0.1% |
|
Cavium, Inc., 2017 Term Loan B, (PRIME + 1.25%), 3.60%, 08/16/22(a)(n) |
|
|
|
|
|
|
236 |
|
|
|
235,563 |
|
MaxLinear, Inc., Term Loan B, (1 mo. LIBOR + 2.50%), 3.76%, 05/12/24(a)(n) |
|
|
|
|
|
|
146 |
|
|
|
147,095 |
|
Microsemi Corp., 2017 1st Lien Term Loan B, (2 mo. LIBOR + 2.00%), 3.38%, 01/13/23(n) |
|
|
|
|
|
|
145 |
|
|
|
145,962 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
Semiconductors & Semiconductor Equipment (continued) |
|
ON Semiconductor Corp., 2017 1st Lien Term Loan, (1 mo. LIBOR + 2.00%), 3.35%, 03/31/23(n) |
|
|
USD |
|
|
|
167 |
|
|
$ |
167,210 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
695,830 |
|
Software 4.0% |
|
Almonde, Inc.(n): |
|
|
|
|
|
|
|
|
|
|
|
|
1st Lien Term Loan, (3 mo. LIBOR + 3.50%, 1.00% Floor), 4.98%, 06/13/24 |
|
|
|
|
|
|
633 |
|
|
|
632,576 |
|
2nd Lien Term Loan, (3 mo. LIBOR + 7.25%, 1.00% Floor), 8.73%, 06/13/25 |
|
|
|
|
|
|
178 |
|
|
|
177,911 |
|
Applied Systems, Inc.(n): |
|
|
|
|
|
|
|
|
|
|
|
|
2017 1st Lien Term Loan, (3 mo. LIBOR + 3.25%, 1.00% Floor), 4.57%, 09/19/24 |
|
|
|
|
|
|
645 |
|
|
|
651,430 |
|
Applied Systems, Inc.(n) (continued): |
|
|
|
|
|
|
|
|
|
|
|
|
2017 2nd Lien Term Loan, (3 mo. LIBOR + 7.00%, 1.00% Floor), 8.32%, 09/19/25 |
|
|
|
|
|
|
160 |
|
|
|
164,115 |
|
Aptean, Inc., 2017 1st Lien Term Loan, (3 mo. LIBOR + 4.25%, 1.00% Floor), 5.59%, 12/20/22(n) |
|
|
|
|
|
|
378 |
|
|
|
380,622 |
|
BMC Software Finance, Inc., 2017 Term Loan, (1 mo. LIBOR + 3.75%, 1.00% Floor), 5.10%, 09/10/22(n) |
|
|
|
|
|
|
1,151 |
|
|
|
1,151,619 |
|
Cypress Intermediate Holdings, Inc.(n): |
|
|
|
|
|
|
|
|
|
|
|
|
2017 1st Lien Term Loan, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.35%, 04/27/24 |
|
|
|
|
|
|
293 |
|
|
|
293,510 |
|
2017 2nd Lien Term Loan, (1 mo. LIBOR + 6.75%, 1.00% Floor), 8.10%, 04/27/25 |
|
|
|
|
|
|
248 |
|
|
|
253,890 |
|
|
|
|
40 |
|
2017 BLACKROCK QUARTERLY REPORT TO SHAREHOLDERS |
|
|
|
Schedule of Investments (unaudited) (continued)
November 30, 2017 |
|
BlackRock Limited Duration Income Trust (BLW)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
Software (continued) |
|
Dell Inc., 2017 1st Lien Term Loan, (1 mo. LIBOR + 2.00%), 3.35%, 09/07/23(n) |
|
|
USD |
|
|
|
880 |
|
|
$ |
880,115 |
|
Digicel International Finance Ltd., 2017 Term Loan B, (1 mo. LIBOR + 3.75%), 5.08%, 05/28/24(n) |
|
|
|
|
|
|
876 |
|
|
|
876,219 |
|
DTI Holdco, Inc., 2016 Term Loan B, (2 mo. LIBOR + 5.25%, 1.00% Floor), 6.63%, 09/30/23(n) |
|
|
|
|
|
|
506 |
|
|
|
503,630 |
|
Hyland Software, Inc.(n): |
|
|
|
|
|
|
|
|
|
|
|
|
2017 1st Lien Term Loan, (1 mo. LIBOR + 3.25%), 4.60%, 07/01/22 |
|
|
|
|
|
|
442 |
|
|
|
445,782 |
|
2017 2nd Lien Term Loan, (1 mo. LIBOR + 7.00%), 8.35%, 07/07/25 |
|
|
|
|
|
|
190 |
|
|
|
193,800 |
|
Infor (US), Inc., Term Loan B6, (3 mo. LIBOR + 2.75%, 1.00% Floor), 4.08%, 02/01/22(n) |
|
|
|
|
|
|
1,365 |
|
|
|
1,363,199 |
|
Informatica Corp., Term Loan, (3 mo. LIBOR + 3.50%, 1.00% Floor), 4.83%, 08/05/22(n) |
|
|
|
|
|
|
1,246 |
|
|
|
1,248,546 |
|
IQOR US, Inc., Term Loan B, (3 mo. LIBOR + 5.00%, 1.00% Floor), 6.34%, 04/01/21(n) |
|
|
|
|
|
|
375 |
|
|
|
372,807 |
|
Kronos, Inc.(n): |
|
|
|
|
|
|
|
|
|
|
|
|
2017 Term Loan B, (1 mo. LIBOR + 3.50%, 1.00% Floor), 4.84%, 11/01/23 |
|
|
|
|
|
|
1,161 |
|
|
|
1,166,500 |
|
2nd Lien Term Loan, (3 mo. LIBOR + 8.25%, 1.00% Floor), 9.63%, 11/01/24 |
|
|
|
|
|
|
615 |
|
|
|
633,321 |
|
LANDesk Group, Inc., 2017 Term Loan B, (1 mo. LIBOR + 4.25%, 1.00% Floor), 5.60%, 01/20/24(n) |
|
|
|
|
|
|
179 |
|
|
|
173,238 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
Software (continued) |
|
|
|
|
|
|
|
|
|
MA FinanceCo., LLC, Term Loan B3, (3 mo. LIBOR + 2.75%), 4.06%, 06/21/24(n) |
|
|
USD |
|
|
|
90 |
|
|
$ |
90,448 |
|
McAfee LLC, 2017 Term Loan B, (3 mo. LIBOR + 4.50%, 1.00% Floor), 5.83%, 09/30/24(n) |
|
|
|
|
|
|
630 |
|
|
|
632,659 |
|
Mitchell International, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
1st Lien Term Loan, (3 mo. LIBOR + 3.50%, 1.00% Floor), 4.81%, 10/13/20(n) |
|
|
|
|
|
|
688 |
|
|
|
687,663 |
|
2017 1st Lien Term Loan, 11/20/24(o) |
|
|
|
|
|
|
1,258 |
|
|
|
1,257,980 |
|
2017 2nd Lien Term Loan, 11/20/25(o) |
|
|
|
|
|
|
400 |
|
|
|
402,832 |
|
2017 Delayed Draw Term Loan, 11/20/24(o) |
|
|
|
|
|
|
102 |
|
|
|
101,640 |
|
2nd Lien Term Loan, (3 mo. LIBOR + 7.50%, 1.00% Floor), 8.88%, 10/11/21(n) |
|
|
|
|
|
|
600 |
|
|
|
600,000 |
|
Project Alpha Intermediate Holding, Inc., 2017 Term Loan B, (3 mo. LIBOR + 3.50%, 1.00% Floor), 5.04%,
04/26/24(n) |
|
|
|
|
|
|
589 |
|
|
|
575,978 |
|
Project Leopard Holdings, Inc., Term Loan B, (3 mo. LIBOR + 5.50%, 1.00% Floor), 6.83%, 07/07/23(n) |
|
|
|
|
|
|
280 |
|
|
|
281,750 |
|
Seattle Spinco, Inc., Term Loan B3, (3 mo. LIBOR + 2.75%), 4.06%, 06/21/24(n) |
|
|
|
|
|
|
610 |
|
|
|
610,818 |
|
SolarWinds Holdings, Inc., 2017 Term Loan, (1 mo. LIBOR + 3.50%, 1.00% Floor), 4.85%, 02/05/23(n) |
|
|
|
|
|
|
909 |
|
|
|
911,814 |
|
Solera LLC, Term Loan B, (1 mo. LIBOR + 3.25%, 1.00% Floor), 4.60%, 03/03/23(n) |
|
|
|
|
|
|
1,415 |
|
|
|
1,421,863 |
|
|
|
|
|
|
SCHEDULES OF INVESTMENTS |
|
|
41 |
|
|
|
|
Schedule of Investments (unaudited) (continued)
November 30, 2017 |
|
BlackRock Limited Duration Income Trust (BLW)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
Software (continued) |
|
|
|
|
|
|
|
|
|
Sophia LP, 2017 Term Loan B, (3 mo. LIBOR + 3.25%, 1.00% Floor), 4.58%, 09/30/22(n) |
|
|
USD |
|
|
|
1,627 |
|
|
$ |
1,625,758 |
|
SS&C Technologies, Inc.(n): |
|
|
|
|
|
|
|
|
|
|
|
|
2017 Term Loan B1, (1 mo. LIBOR + 2.25%), 3.60%, 07/08/22 |
|
|
|
|
|
|
1,532 |
|
|
|
1,541,172 |
|
2017 Term Loan B2, (1 mo. LIBOR + 2.25%), 3.60%, 07/08/22 |
|
|
|
|
|
|
66 |
|
|
|
66,895 |
|
Tempo Acquisition LLC, Term Loan, (1 mo. LIBOR + 3.00%), 4.35%, 05/01/24(n) |
|
|
|
|
|
|
1,187 |
|
|
|
1,184,563 |
|
Tibco Software Inc., Repriced Term Loan B, (1 mo. LIBOR + 3.50%, 1.00% Floor), 4.85%, 12/04/20(n) |
|
|
|
|
|
|
884 |
|
|
|
885,417 |
|
Veritas Bermuda Ltd., Repriced Term Loan B, (3 mo. LIBOR + 4.50%, 1.00% Floor), 5.83%, 01/27/23(n) |
|
|
|
|
|
|
452 |
|
|
|
451,962 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
24,894,042 |
|
Specialty Retail 0.7% |
|
|
|
|
|
|
|
|
|
Academy Ltd., 2015 Term Loan B, (3 mo. LIBOR + 4.00%, 1.00% Floor), 5.32%, 07/01/22(n) |
|
|
|
|
|
|
320 |
|
|
|
256,568 |
|
Belron SA, Term Loan B, (3 mo. LIBOR + 2.50%), 3.89%, 11/07/24(n) |
|
|
|
|
|
|
762 |
|
|
|
766,999 |
|
Leslies Poolmart, Inc., 2016 Term Loan, (3 mo. LIBOR + 3.75%, 1.00% Floor),
5.06%, 08/16/23(n) |
|
|
|
|
|
|
664 |
|
|
|
660,865 |
|
Michaels Stores, Inc., 2016 Term Loan B1, (1 mo. LIBOR + 2.75%, 1.00% Floor), 4.10%, 01/30/23(n) |
|
|
|
|
|
|
402 |
|
|
|
398,121 |
|
National Vision, Inc., 2017 Repriced Term Loan, (3 mo. LIBOR + 2.75%), 3.94%, 11/12/24(n) |
|
|
|
|
|
|
581 |
|
|
|
581,058 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
Specialty Retail (continued) |
|
|
|
|
|
|
|
|
|
Party City Holdings, Inc., 2016 Term Loan, (3 mo. LIBOR + 3.00%), 4.34%, 08/19/22(n) |
|
|
USD |
|
|
|
180 |
|
|
$ |
179,739 |
|
Petco Animal Supplies, Inc., 2017 Term Loan B, (3 mo. LIBOR + 3.00%, 1.00% Floor),
4.38%, 01/26/23(n) |
|
|
|
|
|
|
501 |
|
|
|
393,858 |
|
PetSmart, Inc., Term Loan B2, (1 mo. LIBOR + 3.00%, 1.00% Floor), 4.34%, 03/11/22(n) |
|
|
|
|
|
|
59 |
|
|
|
50,574 |
|
Staples, Inc., 2017 Term Loan B, (3 mo. LIBOR + 4.00%, 1.00% Floor), 5.31%, 09/12/24(n) |
|
|
|
|
|
|
511 |
|
|
|
488,920 |
|
|
|
|
42 |
|
2017 BLACKROCK QUARTERLY REPORT TO SHAREHOLDERS |
|
|
|
Schedule of Investments (unaudited) (continued)
November 30, 2017 |
|
BlackRock Limited Duration Income Trust (BLW)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
Specialty Retail (continued) |
|
|
|
|
|
|
|
|
|
TruGreen LP, 2017 Term Loan, (1 mo. LIBOR + 4.00%, 1.00% Floor), 5.25%, 04/13/23(n) |
|
|
USD |
|
|
|
381 |
|
|
$ |
386,847 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,163,549 |
|
Technology Hardware, Storage & Peripherals 0.3% |
|
Western Digital Corp., 2017 Term Loan B, (3 mo. LIBOR + 2.00%), 3.31%, 04/29/23(n) |
|
|
|
|
|
|
1,620 |
|
|
|
1,624,215 |
|
|
|
|
|
|
|
|
|
|
Textiles, Apparel & Luxury Goods 0.1% |
|
Ascend Performance Materials Operations LLC, Term Loan B, (3 mo. LIBOR + 5.25%, 1.00% Floor),
6.58%, 08/12/22(a)(n) |
|
|
|
|
|
|
710 |
|
|
|
714,236 |
|
|
|
|
|
|
|
|
|
|
Thrifts & Mortgage Finance 0.1% |
|
IG Investment Holdings LLC, 2017 1st Lien Term Loan, (3 mo. LIBOR + 3.50%, 1.00% Floor),
4.89%, 10/29/21(n) |
|
|
|
|
|
|
829 |
|
|
|
834,040 |
|
|
|
|
|
|
|
|
|
|
Trading Companies & Distributors 0.5% |
|
Beacon Roofing Supply, Inc.: |
|
|
|
|
|
|
|
|
|
|
|
|
2017 Term Loan B, 08/23/24(o) |
|
|
|
|
|
|
1,018 |
|
|
|
1,019,914 |
|
Term Loan B, (1 mo. LIBOR + 2.75%),
4.06%, 10/01/22(n) |
|
|
|
|
|
|
835 |
|
|
|
836,026 |
|
HD Supply, Inc.(n): |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan B3, (3 mo. LIBOR + 2.25%), 3.58%, 08/13/21 |
|
|
|
|
|
|
818 |
|
|
|
822,207 |
|
Term Loan B4, (3 mo. LIBOR + 2.50%), 3.83%, 10/17/23 |
|
|
|
|
|
|
223 |
|
|
|
224,802 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
Trading Companies & Distributors (continued) |
|
Nexeo Solutions LLC, 2017 Term Loan B, (3 mo. LIBOR + 3.75%), 5.08%, 06/09/23(n) |
|
|
USD |
|
|
|
109 |
|
|
$ |
109,172 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,012,121 |
|
Transportation 0.0% |
|
Gruden Acquisition, Inc., 2017 Term Loan, (3 mo. LIBOR + 5.50%, 1.00% Floor), 6.83%, 08/18/22(n) |
|
|
|
|
|
|
256 |
|
|
|
255,628 |
|
|
|
|
|
|
|
|
|
|
Utilities 0.0% |
|
|
|
|
|
|
|
|
|
ExGen Renewables IV LLC, Term Loan B,
11/07/24(a)(o) |
|
|
|
|
|
|
225 |
|
|
|
226,687 |
|
|
|
|
|
|
|
|
|
|
Wireless Telecommunication Services 0.9% |
|
GEO Group, Inc., 2017 Term Loan B, (3 mo. LIBOR + 2.25%), 3.57%, 03/22/24(n) |
|
|
|
|
|
|
728 |
|
|
|
729,250 |
|
Ligado Networks LLC(n): |
|
|
|
|
|
|
|
|
|
|
|
|
2015 2nd Lien Term Loan, 13.82%, 12/07/20 |
|
|
|
|
|
|
34 |
|
|
|
20,705 |
|
PIK Exit Term Loan (9.75% PIK),
9.75%, 12/07/20(i) |
|
|
|
|
|
|
2,265 |
|
|
|
2,147,818 |
|
VICI Properties 1 LLC, 2017 Term Loan B, (1 mo. LIBOR + 3.50%), 4.75%, 10/14/22(n) |
|
|
|
|
|
|
2,787 |
|
|
|
2,786,355 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,684,128 |
|
|
|
|
|
|
|
|
|
|
Total Floating Rate Loan Interests 38.5% (Cost $243,005,255) |
|
|
|
242,498,565 |
|
|
|
|
|
|
|
|
|
|
|
Foreign Agency Obligations 4.2% |
|
Argentine Republic Government International Bond: |
|
|
|
|
|
|
|
|
|
|
|
|
5.63%, 01/26/22(h) |
|
|
|
|
|
|
326 |
|
|
|
342,137 |
|
|
|
|
|
|
SCHEDULES OF INVESTMENTS |
|
|
43 |
|
|
|
|
Schedule of Investments (unaudited) (continued)
November 30, 2017 |
|
BlackRock Limited Duration Income Trust (BLW)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
Argentine Republic Government International Bond (continued): |
|
|
|
|
|
|
|
|
|
|
|
|
7.50%, 04/22/26(h) |
|
|
USD |
|
|
|
3,008 |
|
|
$ |
3,400,544 |
|
6.88%, 01/26/27 |
|
|
|
|
|
|
765 |
|
|
|
836,145 |
|
7.63%, 04/22/46(h) |
|
|
|
|
|
|
2,422 |
|
|
|
2,715,062 |
|
Bahrain Government International Bond,
6.75%, 09/20/29(e) |
|
|
|
|
|
|
200 |
|
|
|
195,743 |
|
Colombia Government International Bond, 3.88%, 04/25/27 |
|
|
|
|
|
|
260 |
|
|
|
263,770 |
|
Cyprus Government International Bond,
4.63%, 02/03/20(e) |
|
|
EUR |
|
|
|
2,600 |
|
|
|
3,368,872 |
|
Egypt Government International Bond: |
|
|
|
|
|
|
|
|
|
|
|
|
5.75%, 04/29/20 |
|
|
USD |
|
|
|
1,025 |
|
|
|
1,069,370 |
|
8.50%, 01/31/47(e) |
|
|
|
|
|
|
227 |
|
|
|
259,538 |
|
Hellenic Republic Government Bond(l): |
|
|
|
|
|
|
|
|
|
|
|
|
3.00%, 02/24/23 |
|
|
EUR |
|
|
|
8 |
|
|
|
8,170 |
|
3.00%, 02/24/24 |
|
|
|
|
|
|
8 |
|
|
|
7,982 |
|
3.00%, 02/24/25 |
|
|
|
|
|
|
8 |
|
|
|
7,851 |
|
3.00%, 02/24/26 |
|
|
|
|
|
|
8 |
|
|
|
7,724 |
|
3.00%, 02/24/27 |
|
|
|
|
|
|
7 |
|
|
|
7,621 |
|
3.00%, 02/24/28 |
|
|
|
|
|
|
7 |
|
|
|
7,403 |
|
3.00%, 02/24/29 |
|
|
|
|
|
|
7 |
|
|
|
7,217 |
|
3.00%, 02/24/30 |
|
|
|
|
|
|
7 |
|
|
|
7,092 |
|
3.00%, 02/24/31 |
|
|
|
|
|
|
7 |
|
|
|
6,981 |
|
3.00%, 02/24/32 |
|
|
|
|
|
|
7 |
|
|
|
6,892 |
|
3.00%, 02/24/33 |
|
|
|
|
|
|
7 |
|
|
|
6,798 |
|
3.00%, 02/24/34 |
|
|
|
|
|
|
7 |
|
|
|
6,718 |
|
3.00%, 02/24/35 |
|
|
|
|
|
|
7 |
|
|
|
6,681 |
|
3.00%, 02/24/36 |
|
|
|
|
|
|
7 |
|
|
|
6,602 |
|
3.00%, 02/24/37 |
|
|
|
|
|
|
7 |
|
|
|
6,608 |
|
3.00%, 02/24/38 |
|
|
|
|
|
|
7 |
|
|
|
6,627 |
|
3.00%, 02/24/39 |
|
|
|
|
|
|
7 |
|
|
|
6,636 |
|
3.00%, 02/24/40 |
|
|
|
|
|
|
7 |
|
|
|
6,592 |
|
3.00%, 02/24/41 |
|
|
|
|
|
|
7 |
|
|
|
6,653 |
|
3.00%, 02/24/42 |
|
|
|
|
|
|
7 |
|
|
|
6,675 |
|
Iceland Government International Bond, 5.88%, 05/11/22 |
|
|
USD |
|
|
|
3,030 |
|
|
|
3,418,494 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par (000)/Shares |
|
|
Value |
|
Indonesia Government International Bond: |
|
|
|
|
|
|
|
|
|
|
|
|
3.75%, 04/25/22 |
|
|
USD |
|
|
|
451 |
|
|
$ |
464,804 |
|
4.75%, 01/08/26 |
|
|
|
|
|
|
654 |
|
|
|
708,258 |
|
Lebanon Government International Bond, 6.85%, 03/23/27 |
|
|
|
|
|
|
455 |
|
|
|
433,102 |
|
Mexican Bonos: |
|
|
|
|
|
|
|
|
|
|
|
|
8.00%, 06/11/20 |
|
|
MXN |
|
|
|
24 |
|
|
|
131,457 |
|
7.50%, 06/03/27 |
|
|
|
|
|
|
94 |
|
|
|
512,095 |
|
Portugal Government International Bond,
5.13%, 10/15/24(e) |
|
|
USD |
|
|
|
3,190 |
|
|
|
3,400,955 |
|
Republic of South Africa Government International Bond: |
|
|
|
|
|
|
|
|
|
|
|
|
5.50%, 03/09/20 |
|
|
|
|
|
|
407 |
|
|
|
427,741 |
|
5.88%, 05/30/22 |
|
|
|
|
|
|
475 |
|
|
|
517,180 |
|
4.88%, 04/14/26 |
|
|
|
|
|
|
227 |
|
|
|
227,112 |
|
Russian Federal Bond OFZ: |
|
|
|
|
|
|
|
|
|
|
|
|
6.40%, 05/27/20 |
|
|
RUB |
|
|
|
8,327 |
|
|
|
140,032 |
|
7.05%, 01/19/28 |
|
|
|
|
|
|
35,804 |
|
|
|
594,006 |
|
Russian Foreign Bond Eurobond: |
|
|
|
|
|
|
|
|
|
|
|
|
4.75%, 05/27/26 |
|
|
USD |
|
|
|
200 |
|
|
|
211,607 |
|
4.25%, 06/23/27 |
|
|
|
|
|
|
600 |
|
|
|
613,512 |
|
Turkey Government International Bond: |
|
|
|
|
|
|
|
|
|
|
|
|
7.00%, 06/05/20(h) |
|
|
|
|
|
|
468 |
|
|
|
503,802 |
|
5.63%, 03/30/21 |
|
|
|
|
|
|
369 |
|
|
|
386,657 |
|
5.13%, 03/25/22 |
|
|
|
|
|
|
584 |
|
|
|
602,227 |
|
7.38%, 02/05/25 |
|
|
|
|
|
|
147 |
|
|
|
167,426 |
|
6.00%, 03/25/27 |
|
|
|
|
|
|
222 |
|
|
|
232,948 |
|
|
|
|
|
|
|
|
|
|
Total Foreign Agency Obligations 4.2% (Cost $25,122,101) |
|
|
|
|
|
|
|
|
|
|
26,286,119 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investment Companies 0.5% |
|
|
|
|
|
|
|
|
|
|
|
|
iShares iBoxx USD High Yield Corporate Bond
ETF(s) |
|
|
|
|
|
|
25,000 |
|
|
|
2,194,500 |
|
|
|
|
44 |
|
2017 BLACKROCK QUARTERLY REPORT TO SHAREHOLDERS |
|
|
|
Schedule of Investments (unaudited) (continued)
November 30, 2017 |
|
BlackRock Limited Duration Income Trust (BLW)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par (000)/Shares |
|
|
Value |
|
Investment Companies (continued) |
|
|
|
|
|
|
|
|
|
SPDR Bloomberg Barclays Short Term High Yield Bond ETF |
|
|
|
|
|
|
45,000 |
|
|
$ |
1,248,300 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,442,800 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Investment Companies 0.5% (Cost $3,435,867) |
|
|
|
|
|
|
|
|
|
|
3,442,800 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-Agency Mortgage-Backed Securities
7.2% |
|
|
Collateralized Mortgage Obligations 0.9% |
|
Countrywide Alternative Loan Trust, Series 2005-54CB,
Class 3A4, 5.50%, 11/25/35 |
|
|
USD |
|
|
|
2,566 |
|
|
|
2,255,206 |
|
Countrywide Home Loan Mortgage Pass-Through Trust: |
|
|
|
|
|
|
|
|
|
|
|
|
Series 2005-17, Class 1A6, 5.50%, 09/25/35 |
|
|
|
|
|
|
482 |
|
|
|
479,146 |
|
Series 2006-17, Class A2, 6.00%, 12/25/36 |
|
|
|
|
|
|
1,390 |
|
|
|
1,195,100 |
|
Series 2007-HY5, Class 3A1, 3.37%, 09/25/37(f) |
|
|
|
|
|
|
1,003 |
|
|
|
946,713 |
|
GSR Mortgage Loan Trust, Series 2005-AR5, Class 2A3,
3.59%, 10/25/35(f) |
|
|
|
|
|
|
807 |
|
|
|
705,035 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,581,200 |
|
Commercial Mortgage-Backed Securities 6.1% |
|
Banc of America Merrill Lynch Commercial Mortgage Securities Trust,
Series 2015-200P, Class C, 3.72%, 04/14/33(e)(f) |
|
|
|
|
|
|
4,830 |
|
|
|
4,892,618 |
|
Citigroup Commercial Mortgage Trust, Series 2015-SSHP, Class D, (1 mo. LIBOR + 3.05%), 4.28%,
09/15/27(d)(e) |
|
|
|
|
|
|
2,825 |
|
|
|
2,837,092 |
|
Commercial Mortgage Pass-Through Certificates, Series 2014-PAT(d)(e): |
|
|
|
|
|
|
|
|
|
|
|
|
Class E, (1 mo. LIBOR + 3.15%), 4.38%, 08/13/27 |
|
|
|
|
|
|
1,000 |
|
|
|
1,014,978 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
Commercial Mortgage-Backed Securities (continued) |
|
Commercial Mortgage Pass-Through Certificates, Series 2014-PAT(d)(e) (continued): |
|
|
|
|
|
|
|
|
|
|
|
|
Class F, (1 mo. LIBOR + 2.44%), 2.83%, 08/13/27 |
|
|
USD |
|
|
|
2,000 |
|
|
$ |
1,997,669 |
|
Commercial Mortgage Trust: |
|
|
|
|
|
|
|
|
|
|
|
|
Series 2013-LC6, Class B, 3.74%, 01/10/46 |
|
|
|
|
|
|
1,110 |
|
|
|
1,120,701 |
|
Series 2015-3BP, Class A, 3.18%, 02/10/35(e) |
|
|
|
|
|
|
5,930 |
|
|
|
5,976,441 |
|
Series 2015-CR22,
Class B, 3.93%, 03/10/48(f) |
|
|
|
|
|
|
5,000 |
|
|
|
5,039,212 |
|
Core Industrial Trust, Series 2015-TEXW, Class D, 3.98%, 02/10/34(e)(f) |
|
|
|
|
|
|
3,615 |
|
|
|
3,689,227 |
|
CSAIL Commercial Mortgage Trust, Series 2015-C1, Class B,
4.04%, 04/15/50(f) |
|
|
|
|
|
|
890 |
|
|
|
907,609 |
|
GAHR Commercial Mortgage Trust, Series 2015-NRF,
Class DFX, 3.49%, 12/15/34(e)(f) |
|
|
|
|
|
|
4,830 |
|
|
|
4,858,839 |
|
Greenwich Capital Commercial Funding Corp. Commercial Mortgage Trust,
Series 2006-GG7, Class AM, 5.96%, 07/10/38(f) |
|
|
|
|
|
|
667 |
|
|
|
671,685 |
|
GS Mortgage Securities Corp. II, Series 2013-GC10,
Class B, 3.68%, 02/10/46(e) |
|
|
|
|
|
|
1,995 |
|
|
|
2,026,565 |
|
|
|
|
|
|
SCHEDULES OF INVESTMENTS |
|
|
45 |
|
|
|
|
Schedule of Investments (unaudited) (continued)
November 30, 2017 |
|
BlackRock Limited Duration Income Trust (BLW)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
Commercial Mortgage-Backed Securities (continued) |
|
JPMorgan Chase Commercial Mortgage Securities Trust: |
|
|
|
|
|
|
|
|
|
|
|
|
Series 2004-LN2, Class A2, 5.12%, 07/15/41 |
|
|
USD |
|
|
|
6 |
|
|
$ |
5,969 |
|
Series 2016-NINE, Class A, 2.95%,
10/06/38(e)(f) |
|
|
|
|
|
|
800 |
|
|
|
781,556 |
|
WF-RBS Commercial Mortgage Trust, Series 2012-C8: |
|
|
|
|
|
|
|
|
|
|
|
|
Class B, 4.31%, 08/15/45 |
|
|
|
|
|
|
1,085 |
|
|
|
1,135,319 |
|
Class C, 5.06%, 08/15/45(f) |
|
|
|
|
|
|
1,395 |
|
|
|
1,440,751 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
38,396,231 |
|
Interest Only Commercial Mortgage-Backed Securities 0.2% |
|
Commercial Mortgage Loan Trust, Series 2015-LC21, Class XA,
0.99%, 07/10/48(f) |
|
|
|
|
|
|
15,916 |
|
|
|
647,172 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par (000)/ Beneficial Interests (000) |
|
|
Value |
|
Interest Only Commercial Mortgage-Backed Securities (continued) |
|
WF-RBS Commercial Mortgage Trust, Series 2014-C20, Class XA, 1.29%, 05/15/47(f) |
|
|
USD |
|
|
|
14,228 |
|
|
$ |
666,228 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,313,400 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Non-Agency Mortgage-Backed
Securities 7.2% (Cost $44,831,755) |
|
|
|
45,290,831 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Interests 0.0%(p) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Afghanistan 0.0% |
|
|
|
|
|
|
|
|
|
Lear Corp. Escrow(a) |
|
|
|
|
|
|
1,000,000 |
|
|
|
10 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
United States 0.0% |
|
|
|
|
|
|
|
|
|
Millennium Corp.(a)(b) |
|
|
|
|
|
|
917,752 |
|
|
|
|
|
Millennium Lender Claims(a)(b) |
|
|
|
|
|
|
861,101 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Other Interests 0.0% (Cost $) |
|
|
|
|
|
|
|
|
|
|
10 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
46 |
|
2017 BLACKROCK QUARTERLY REPORT TO SHAREHOLDERS |
|
|
|
Schedule of Investments (unaudited) (continued)
November 30, 2017 |
|
BlackRock Limited Duration Income Trust (BLW)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
Preferred Securities 11.2% |
|
|
|
|
|
Capital Trusts 9.0% |
|
|
|
|
|
|
|
|
|
Auto Components 0.1% |
|
|
|
|
|
|
|
|
|
General Motors Financial Co., Inc., Series A,
5.75%(j)(k) |
|
|
USD |
|
|
|
352 |
|
|
$ |
361,624 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Banks 2.6% |
|
|
|
|
|
|
|
|
|
Banco Santander SA, 6.25%(j)(k) |
|
|
|
|
|
|
100 |
|
|
|
124,232 |
|
Capital One Financial Corp., Series
E, 5.55%(h)(j)(k) |
|
|
|
|
|
|
3,000 |
|
|
|
3,127,500 |
|
CIT Group, Inc., Series A, 5.80%(j)(k) |
|
|
|
|
|
|
475 |
|
|
|
489,844 |
|
Citigroup, Inc.(h)(j)(k): |
|
|
|
|
|
|
|
|
|
|
|
|
5.90% |
|
|
|
|
|
|
5,000 |
|
|
|
5,385,500 |
|
5.95% |
|
|
|
|
|
|
1,370 |
|
|
|
1,472,065 |
|
Series R, 6.13% |
|
|
|
|
|
|
950 |
|
|
|
1,012,937 |
|
Cooperatieve Rabobank UA, 6.63%(j)(k) |
|
|
|
|
|
|
200 |
|
|
|
276,011 |
|
Hongkong & Shanghai Banking Corp. Ltd., Series 3H,
1.63%(d)(k) |
|
|
|
|
|
|
100 |
|
|
|
88,384 |
|
Intesa Sanpaolo SpA, 7.00%(j)(k) |
|
|
|
|
|
|
200 |
|
|
|
264,430 |
|
Wells Fargo & Co.,(h)(j)(k) |
|
|
|
|
|
|
|
|
|
|
|
|
Series S, 5.90% |
|
|
|
|
|
|
3,170 |
|
|
|
3,431,525 |
|
Series U, 5.88% |
|
|
|
|
|
|
650 |
|
|
|
721,500 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
16,393,928 |
|
Capital Markets 1.1% |
|
|
|
|
|
|
|
|
|
Goldman Sachs Group, Inc.(k): |
|
|
|
|
|
|
|
|
|
|
|
|
Series M, 5.38%(h)(j) |
|
|
|
|
|
|
1,730 |
|
|
|
1,791,588 |
|
Series P, 5.00%(f) |
|
|
|
|
|
|
765 |
|
|
|
759,263 |
|
Morgan Stanley, Series H, 5.45%(h)(j)(k) |
|
|
|
|
|
|
2,546 |
|
|
|
2,623,398 |
|
State Street Corp., Series F, 5.25%(h)(j)(k) |
|
|
|
|
|
|
1,625 |
|
|
|
1,707,875 |
|
UBS Group AG, 5.75%(j)(k) |
|
|
|
|
|
|
200 |
|
|
|
271,767 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,153,891 |
|
Chemicals 0.0% |
|
|
|
|
|
|
|
|
|
Lanxess AG, 4.50%, 12/06/76(j) |
|
|
|
|
|
|
50 |
|
|
|
66,160 |
|
Solvay Finance SA, 5.12%(j)(k) |
|
|
|
|
|
|
100 |
|
|
|
133,546 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
199,706 |
|
Diversified Financial Services 3.4% |
|
|
|
|
|
|
|
|
|
ATF Netherlands BV, 3.75%(j)(k) |
|
|
|
|
|
|
100 |
|
|
|
124,572 |
|
Bank of America Corp.(h)(j)(k): |
|
|
|
|
|
|
|
|
|
|
|
|
Series AA, 6.10% |
|
|
|
|
|
|
1,521 |
|
|
|
1,686,409 |
|
Series U, 5.20% |
|
|
|
|
|
|
1,250 |
|
|
|
1,293,863 |
|
Series V, 5.13% |
|
|
|
|
|
|
510 |
|
|
|
522,750 |
|
Series X, 6.25% |
|
|
|
|
|
|
1,929 |
|
|
|
2,136,367 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
Diversified Financial Services (continued) |
|
|
|
|
|
|
|
|
|
Credit Agricole SA, 6.50%(j)(k) |
|
|
USD |
|
|
|
100 |
|
|
$ |
135,093 |
|
Credit Suisse Group AG, 6.25%(j)(k) |
|
|
|
|
|
|
200 |
|
|
|
217,119 |
|
HBOS Capital Funding LP, 6.85%(k) |
|
|
|
|
|
|
100 |
|
|
|
102,139 |
|
HSBC Holdings PLC, 6.00%(j)(k) |
|
|
|
|
|
|
415 |
|
|
|
435,958 |
|
HSH Nordbank AG, 7.25%(k) |
|
|
|
|
|
|
29 |
|
|
|
15,182 |
|
HT1 Funding GmbH, 1.84%(j)(k) |
|
|
|
|
|
|
30 |
|
|
|
34,854 |
|
JPMorgan Chase & Co.,(h)(j)(k): |
|
|
|
|
|
|
|
|
|
|
|
|
Series U, 6.13% |
|
|
|
|
|
|
6,690 |
|
|
|
7,410,981 |
|
Series V, 5.00% |
|
|
|
|
|
|
4,060 |
|
|
|
4,166,575 |
|
Orange SA, 5.75%(j)(k) |
|
|
|
|
|
|
100 |
|
|
|
150,617 |
|
Royal Bank of Scotland Group
PLC, 8.63%(j)(k) |
|
|
|
|
|
|
400 |
|
|
|
451,000 |
|
Societe Generale SA, 6.00%(e)(h)(j)(k) |
|
|
|
|
|
|
2,000 |
|
|
|
2,040,000 |
|
UniCredit SpA, 6.75%(j)(k) |
|
|
|
|
|
|
200 |
|
|
|
258,281 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
21,181,760 |
|
Diversified Telecommunication Services 0.1% |
|
SoftBank Group Corp.(j)(k) |
|
|
|
|
|
|
300,000 |
|
|
|
297,678 |
|
Telefonica Europe BV(j)(k): |
|
|
|
|
|
|
|
|
|
|
|
|
3.75% |
|
|
|
|
|
|
100 |
|
|
|
125,423 |
|
4.20% |
|
|
|
|
|
|
200 |
|
|
|
251,404 |
|
5.00% |
|
|
|
|
|
|
100 |
|
|
|
128,243 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
802,748 |
|
Electric Utilities 0.1% |
|
|
|
|
|
|
|
|
|
Enel SpA(j): |
|
|
|
|
|
|
|
|
|
|
|
|
5.00%, 01/15/75 |
|
|
|
|
|
|
100 |
|
|
|
129,142 |
|
7.75%, 09/10/75 |
|
|
|
|
|
|
100 |
|
|
|
154,513 |
|
Origin Energy Finance Ltd., 4.00%,
09/16/74(j) |
|
|
|
|
|
|
100 |
|
|
|
124,269 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
407,924 |
|
Food & Staples Retailing 0.0% |
|
|
|
|
|
|
|
|
|
Danone SA, 1.75%(f)(k) |
|
|
|
|
|
|
100 |
|
|
|
118,918 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Insurance 1.5% |
|
|
|
|
|
|
|
|
|
Hartford Financial Services Group, Inc., 8.13%,
06/15/38(h)(j) |
|
|
|
|
|
|
2,500 |
|
|
|
2,568,750 |
|
Prudential Financial, Inc., 5.63%,
06/15/68(h)(j) |
|
|
|
|
|
|
3,250 |
|
|
|
3,522,188 |
|
Voya Financial, Inc., 5.65%, 05/15/53(h)(j) |
|
|
|
|
|
|
3,500 |
|
|
|
3,696,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9,786,938 |
|
Oil, Gas & Consumable Fuels 0.1% |
|
|
|
|
|
|
|
|
|
Gas Natural Fenosa Finance BV, 3.38%(d)(k) |
|
|
|
|
|
|
100 |
|
|
|
124,968 |
|
|
|
|
|
|
SCHEDULES OF INVESTMENTS |
|
|
47 |
|
|
|
|
Schedule of Investments (unaudited) (continued)
November 30, 2017 |
|
BlackRock Limited Duration Income Trust (BLW)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par
(000)/ Shares |
|
|
Value |
|
Oil, Gas & Consumable Fuels (continued) |
|
Repsol International Finance BV,
4.50%, 03/25/75(j) |
|
|
USD |
|
|
|
100 |
|
|
$ |
132,187 |
|
TOTAL SA, 3.88%(j)(k) |
|
|
|
|
|
|
100 |
|
|
|
132,266 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
389,421 |
|
|
|
|
|
|
|
|
|
|
Total Capital Trusts 9.0% |
|
|
|
56,796,858 |
|
|
|
|
|
|
|
|
|
|
|
Preferred Stocks 1.8% |
|
|
Capital Markets 1.8% |
|
Goldman Sachs Group, Inc., Series J,
5.50%(j)(k) |
|
|
|
|
|
|
202,526 |
|
|
|
5,496,556 |
|
Morgan Stanley(j)(k): |
|
|
|
|
|
|
|
|
|
|
|
|
Series F, 6.88% |
|
|
|
|
|
|
120,000 |
|
|
|
3,466,800 |
|
Series K, 5.85% |
|
|
|
|
|
|
63,532 |
|
|
|
1,717,270 |
|
SCE Trust III, Series H, 5.75%(j)(k) |
|
|
|
|
|
|
21,200 |
|
|
|
580,668 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11,261,294 |
|
Wireless Telecommunication Services 0.0% |
|
CF-B L2 (D) LLC, (Acquired 04/08/15, cost $11,497)(q) |
|
|
|
|
|
|
131,225 |
|
|
|
117,026 |
|
|
|
|
|
|
|
|
|
|
Total Preferred Stocks 1.8% |
|
|
|
|
|
|
|
|
|
|
11,378,320 |
|
|
|
|
|
|
|
|
|
|
Trust Preferred 0.4% |
|
|
|
|
|
|
|
|
|
Diversified Financial Services 0.4% |
|
GMAC Capital Trust I, Series 2, 7.10%, 2/15/2040 |
|
|
|
|
|
|
105,753 |
|
|
|
2,754,250 |
|
|
|
|
|
|
|
|
|
|
Total Preferred Securities 11.2% (Cost $66,990,619) |
|
|
|
70,929,428 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
U.S. Government Sponsored Agency Securities 1.6% |
|
|
Collateralized Mortgage Obligations 1.0% |
|
Fannie Mae Connecticut Avenue Securities, Series 2017-C03,
Class 1M2, (1 mo. LIBOR US + 3.00%), 4.33%, 10/25/29(d) |
|
|
USD |
|
|
|
1,600 |
|
|
$ |
1,656,482 |
|
Freddie Mac REMICS, Series 4480, Class ZX, 4.00%, 11/15/44(h) |
|
|
|
|
|
|
4,405 |
|
|
|
4,596,627 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,253,109 |
|
Interest Only Collateralized Mortgage Obligations 0.4% |
|
Fannie Mae Mortgage-Backed Securities, Series 2012-M9, Class X1,
4.24%, 12/25/17(f) |
|
|
|
|
|
|
295 |
|
|
|
31 |
|
Freddie Mac Mortgage-Backed Securities,
Class X1(f): |
|
|
|
|
|
|
|
|
|
|
|
|
Series K042, 1.19%, 12/25/24 |
|
|
|
|
|
|
34,607 |
|
|
|
2,127,043 |
|
|
|
|
48 |
|
2017 BLACKROCK QUARTERLY REPORT TO SHAREHOLDERS |
|
|
|
Schedule of Investments (unaudited) (continued)
November 30, 2017 |
|
BlackRock Limited Duration Income Trust (BLW)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
Par (000)/
Shares |
|
|
Value |
|
Interest Only Collateralized Mortgage Obligations (continued) |
|
Freddie Mac Mortgage-Backed Securities, Class X1(f)
(continued): |
|
|
|
|
|
|
|
|
|
|
|
|
Series K707, 1.65%, 12/25/18 |
|
|
USD |
|
|
|
40,013 |
|
|
$ |
441,355 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,568,429 |
|
Mortgage-Backed Securities 0.2% |
|
Fannie Mae Mortgage-Backed Securities, 5.00%,
07/01/20 - 08/01/23(h) |
|
|
|
|
|
|
977 |
|
|
|
996,017 |
|
|
|
|
|
|
|
|
|
|
Total U.S. Government Sponsored Agency Securities 1.6% (Cost
$10,964,944) |
|
|
|
9,817,555 |
|
|
|
|
|
|
|
|
|
|
|
U.S. Treasury Obligations 0.5% |
|
U.S. Treasury Bonds, 2.50%, 02/15/46(h) |
|
|
|
|
|
|
3,200 |
|
|
|
2,990,875 |
|
|
|
|
|
|
|
|
|
|
Total U.S. Treasury Obligations 0.5% (Cost $3,070,500) |
|
|
|
2,990,875 |
|
|
|
|
|
|
|
|
|
|
|
Rights 0.0% |
|
|
Electric Utilities 0.0% |
|
Vista Energy(a) |
|
|
|
|
|
|
18,144 |
|
|
|
17,055 |
|
|
|
|
|
|
|
|
|
|
Total Rights (Cost $) |
|
|
|
17,055 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Shares |
|
|
Value |
|
Warrants 0.0% |
|
|
|
|
|
|
|
|
|
|
|
Metals & Mining 0.0% |
|
|
|
|
|
|
AFGlobal Corp. (Expires12/20/20)(a) |
|
|
2,542 |
|
|
$ |
|
|
|
|
|
|
|
|
|
|
|
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) |
|
|
3,101 |
|
|
|
79 |
|
|
|
|
|
|
|
|
|
|
Total Warrants 0.0% (Cost $31) |
|
|
|
79 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Long-Term Investments 140.5% (Cost $876,474,477) |
|
|
|
885,153,921 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Short-Term Securities 0.8% |
|
|
|
|
|
|
|
|
BlackRock Liquidity Funds, T-Fund, Institutional Class, 0.95%(r)(s) |
|
|
5,167,843 |
|
|
|
5,167,843 |
|
|
|
|
|
|
|
|
|
|
Total Short-Term Securities 0.8% (Cost $5,167,843) |
|
|
|
5,167,843 |
|
|
|
|
|
|
|
|
|
|
Options Purchased 0.1% (Cost $748,905) |
|
|
|
466,992 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments Before Options Written 141.4% (Cost
$882,391,225) |
|
|
|
890,788,756 |
|
|
|
|
|
|
|
|
|
|
Options Written (Premiums Received $457,977) (0.1)% |
|
|
|
(435,898 |
) |
|
|
|
|
|
|
|
|
|
|
|
Total Investments, Net of Options Written 141.3% (Cost
$881,933,248) |
|
|
|
890,352,858 |
|
Liabilities in Excess of Other Assets (41.3)% |
|
|
|
(260,204,830 |
) |
|
|
|
|
|
|
|
|
|
Net Assets 100.0% |
|
|
$ |
630,148,028 |
|
|
|
|
|
|
|
|
|
|
(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) |
Floating rate security.Rate shown is the rate in effect 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) |
Variable or floating rate security, which interest rate adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of
assets. Rate shown is the rate in effect as of period end. |
(g) |
When-issued security. |
(h) |
All or a portion of the security has been pledged as collateral in connection with outstanding reverse repurchase agreements. |
(i) |
Payment-in-kind security which may pay interest/dividends in additional par/shares and/or in cash. Rates shown are the current rate and
possible payment rates. |
(j) |
Variable rate security. Security may be issued at a fixed coupon rate, which converts to a variable rate at a specified date. Rate shown is the rate in effect as of
period end. |
(k) |
Perpetual security with no stated maturity date. |
(l) |
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.
|
|
|
|
|
|
SCHEDULES OF INVESTMENTS |
|
|
49 |
|
|
|
|
Schedule of Investments (unaudited) (continued)
November 30, 2017 |
|
BlackRock Limited Duration Income Trust (BLW) |
(m) |
Convertible security. |
(n) |
Variable rate security. Rate shown is the rate in effect as of period end. |
(o) |
Represents an unsettled loan commitment at period end. Certain details associated with this purchase are not known prior to the settlement date, including coupon rate. |
(p) |
Other interests represent beneficial interests in liquidation trusts and other reorganization or private entities. |
(q) |
Restricted security as to resale, excluding 144A securities. As of period end, the Fund held restricted securities with a current value of $117,026 and an original cost of $11,497, which was less than 0.05% of its net
assets. |
(r) |
Annualized 7-day yield as of period end. |
(s) |
During the period ended November 30, 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, and/or related
parties of the Fund were as follows: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Affiliate Persons and/or Related Parties |
|
Shares Held at 08/31/17 |
|
|
Shares Purchased |
|
|
Shares Sold |
|
|
Shares Held at 11/30/17 |
|
|
Value at 11/30/17 |
|
|
Income |
|
|
Net
Realized Gain (Loss)(a) |
|
|
Change in Unrealized Appreciation (Depreciation) |
|
BlackRock Liquidity Funds, T-Fund, Institutional Class |
|
|
1,298,832 |
|
|
|
3,869,011 |
(b) |
|
|
|
|
|
|
5,167,843 |
|
|
$ |
5,167,843 |
|
|
$ |
20,155 |
|
|
$ |
|
|
|
$ |
|
|
iShares iBoxx $ High Yield Corporate Bond ETF |
|
|
|
|
|
|
25,000 |
|
|
|
|
|
|
|
25,000 |
|
|
|
2,194,500 |
|
|
|
7,306 |
|
|
|
|
|
|
|
9,070 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
7,362,343 |
|
|
$ |
27,461 |
|
|
$ |
|
|
|
$ |
9,070 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(a) |
Includes net capital gain distributions, if applicable. |
|
|
(b) |
Represents net shares purchased. |
|
|
|
|
Portfolio Abbreviations |
|
|
ABS |
|
Asset-Backed Security |
AUD |
|
Australian Dollar |
CAD |
|
Canadian Dollar |
CHF |
|
Swiss Franc |
CLO |
|
Collateralized Loan Obligation |
DIP |
|
Debtor-In-Possession |
ETF |
|
Exchange-Traded Fund |
EUR |
|
Euro |
FNMA |
|
Federal National Mortgage Association |
GBP |
|
British Pound |
JPY |
|
Japanese Yen |
LIBOR |
|
London Interbank Offered Rate |
MXN |
|
Mexican Peso |
NOK |
|
Norwegian Krone |
NZD |
|
New Zealand Dollar |
PIK |
|
Payment-In-Kind |
SEK |
|
Swedish Krona |
SPDR |
|
Standard & Poors Depository Receipts |
USD |
|
U.S. Dollar |
|
|
|
50 |
|
2017 BLACKROCK QUARTERLY REPORT TO SHAREHOLDERS |
|
|
|
Schedule of Investments (unaudited) (continued)
November 30, 2017 |
|
BlackRock Limited Duration Income Trust (BLW) |
Reverse Repurchase Agreements
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Counterparty |
|
Interest Rate |
|
|
Trade Date |
|
|
Maturity Date (a) |
|
|
Face Value |
|
|
Face Value Including Accrued Interest |
|
|
Type of Non-Cash
Underlying Collateral |
|
Remaining Contractual Maturity of the Agreements
(a) |
Credit Suisse Securities (USA) LLC |
|
|
1.20 |
% |
|
|
12/29/16 |
|
|
|
Open |
|
|
$ |
2,860,000 |
|
|
$ |
2,884,673 |
|
|
U.S. Treasury Obligations |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
01/18/17 |
|
|
|
Open |
|
|
|
440,000 |
|
|
|
446,759 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
01/23/17 |
|
|
|
Open |
|
|
|
244,850 |
|
|
|
248,564 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
01/27/17 |
|
|
|
Open |
|
|
|
1,113,552 |
|
|
|
1,130,354 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
01/27/17 |
|
|
|
Open |
|
|
|
661,752 |
|
|
|
671,737 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
02/07/17 |
|
|
|
Open |
|
|
|
257,480 |
|
|
|
261,235 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
02/15/17 |
|
|
|
Open |
|
|
|
105,300 |
|
|
|
106,803 |
|
|
Corporate Bonds |
|
Open/Demand |
HSBC Securities (USA), Inc. |
|
|
1.75 |
% |
|
|
02/23/17 |
|
|
|
Open |
|
|
|
1,261,000 |
|
|
|
1,276,088 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
03/06/17 |
|
|
|
Open |
|
|
|
1,697,000 |
|
|
|
1,720,020 |
|
|
Corporate Bonds |
|
Open/Demand |
HSBC Securities (USA), Inc. |
|
|
1.75 |
% |
|
|
03/07/17 |
|
|
|
Open |
|
|
|
875,000 |
|
|
|
885,674 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
03/09/17 |
|
|
|
Open |
|
|
|
373,000 |
|
|
|
378,045 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
03/09/17 |
|
|
|
Open |
|
|
|
316,000 |
|
|
|
320,274 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
03/09/17 |
|
|
|
Open |
|
|
|
347,000 |
|
|
|
351,693 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
03/09/17 |
|
|
|
Open |
|
|
|
340,000 |
|
|
|
344,598 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
03/10/17 |
|
|
|
Open |
|
|
|
668,000 |
|
|
|
677,008 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
03/10/17 |
|
|
|
Open |
|
|
|
441,000 |
|
|
|
446,947 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
03/10/17 |
|
|
|
Open |
|
|
|
295,000 |
|
|
|
298,978 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
03/13/17 |
|
|
|
Open |
|
|
|
587,000 |
|
|
|
594,845 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
03/13/17 |
|
|
|
Open |
|
|
|
219,000 |
|
|
|
221,927 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
03/13/17 |
|
|
|
Open |
|
|
|
195,000 |
|
|
|
197,590 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
03/14/17 |
|
|
|
Open |
|
|
|
256,880 |
|
|
|
260,276 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
03/15/17 |
|
|
|
Open |
|
|
|
162,000 |
|
|
|
164,155 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.55 |
% |
|
|
03/16/17 |
|
|
|
Open |
|
|
|
2,889,000 |
|
|
|
2,919,110 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.65 |
% |
|
|
03/16/17 |
|
|
|
Open |
|
|
|
2,741,000 |
|
|
|
2,771,539 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
03/16/17 |
|
|
|
Open |
|
|
|
1,096,000 |
|
|
|
1,110,577 |
|
|
Capital Trusts |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
03/16/17 |
|
|
|
Open |
|
|
|
1,287,000 |
|
|
|
1,304,117 |
|
|
Capital Trusts |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
03/16/17 |
|
|
|
Open |
|
|
|
1,310,000 |
|
|
|
1,327,423 |
|
|
Corporate Bonds |
|
Open/Demand |
|
|
|
|
|
SCHEDULES OF INVESTMENTS |
|
|
51 |
|
|
|
|
Schedule of Investments (unaudited) (continued)
November 30, 2017 |
|
BlackRock Limited Duration Income Trust (BLW) |
Reverse Repurchase Agreements
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Counterparty |
|
Interest Rate |
|
|
Trade Date |
|
|
Maturity Date (a) |
|
|
Face Value |
|
|
Face Value Including Accrued Interest |
|
|
Type of Non-Cash
Underlying Collateral |
|
Remaining Contractual Maturity of the Agreements
(a) |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
03/16/17 |
|
|
|
Open |
|
|
$ |
1,504,000 |
|
|
$ |
1,524,003 |
|
|
Capital Trusts |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
03/16/17 |
|
|
|
Open |
|
|
|
329,000 |
|
|
|
333,376 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
03/16/17 |
|
|
|
Open |
|
|
|
2,122,000 |
|
|
|
2,150,223 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
03/16/17 |
|
|
|
Open |
|
|
|
279,000 |
|
|
|
282,657 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
03/16/17 |
|
|
|
Open |
|
|
|
925,000 |
|
|
|
937,302 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
03/16/17 |
|
|
|
Open |
|
|
|
1,485,000 |
|
|
|
1,500,493 |
|
|
Capital Trusts |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
03/16/17 |
|
|
|
Open |
|
|
|
2,111,000 |
|
|
|
2,139,076 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
03/16/17 |
|
|
|
Open |
|
|
|
2,496,000 |
|
|
|
2,529,197 |
|
|
Capital Trusts |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
03/16/17 |
|
|
|
Open |
|
|
|
1,724,000 |
|
|
|
1,746,929 |
|
|
Capital Trusts |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
03/16/17 |
|
|
|
Open |
|
|
|
128,000 |
|
|
|
129,702 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
03/16/17 |
|
|
|
Open |
|
|
|
562,000 |
|
|
|
569,475 |
|
|
Capital Trusts |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
03/16/17 |
|
|
|
Open |
|
|
|
161,000 |
|
|
|
163,141 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
03/16/17 |
|
|
|
Open |
|
|
|
214,000 |
|
|
|
216,846 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
03/16/17 |
|
|
|
Open |
|
|
|
992,000 |
|
|
|
1,005,194 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
03/16/17 |
|
|
|
Open |
|
|
|
1,007,000 |
|
|
|
1,020,393 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
03/16/17 |
|
|
|
Open |
|
|
|
131,000 |
|
|
|
132,742 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
03/16/17 |
|
|
|
Open |
|
|
|
854,000 |
|
|
|
865,358 |
|
|
Capital Trusts |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
03/16/17 |
|
|
|
Open |
|
|
|
466,000 |
|
|
|
472,198 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
03/16/17 |
|
|
|
Open |
|
|
|
593,000 |
|
|
|
600,887 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
03/16/17 |
|
|
|
Open |
|
|
|
423,000 |
|
|
|
428,626 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
03/16/17 |
|
|
|
Open |
|
|
|
250,000 |
|
|
|
253,325 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
03/16/17 |
|
|
|
Open |
|
|
|
549,000 |
|
|
|
556,302 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
03/16/17 |
|
|
|
Open |
|
|
|
333,000 |
|
|
|
337,429 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
03/16/17 |
|
|
|
Open |
|
|
|
1,145,000 |
|
|
|
1,160,228 |
|
|
Corporate Bonds |
|
Open/Demand |
|
|
|
52 |
|
2017 BLACKROCK QUARTERLY REPORT TO SHAREHOLDERS |
|
|
|
Schedule of Investments (unaudited) (continued)
November 30, 2017 |
|
BlackRock Limited Duration Income Trust (BLW) |
Reverse Repurchase Agreements
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Counterparty |
|
Interest Rate |
|
|
Trade Date |
|
|
Maturity Date (a) |
|
|
Face Value |
|
|
Face Value Including Accrued Interest |
|
|
Type of Non-Cash
Underlying Collateral |
|
Remaining Contractual Maturity of the Agreements
(a) |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
03/16/17 |
|
|
|
Open |
|
|
$ |
481,000 |
|
|
$ |
487,397 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
03/16/17 |
|
|
|
Open |
|
|
|
289,000 |
|
|
|
292,844 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
03/16/17 |
|
|
|
Open |
|
|
|
922,000 |
|
|
|
934,263 |
|
|
Capital Trusts |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
03/16/17 |
|
|
|
Open |
|
|
|
307,000 |
|
|
|
311,083 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
03/16/17 |
|
|
|
Open |
|
|
|
921,000 |
|
|
|
933,249 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
03/16/17 |
|
|
|
Open |
|
|
|
316,000 |
|
|
|
320,203 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
03/16/17 |
|
|
|
Open |
|
|
|
814,000 |
|
|
|
824,826 |
|
|
Capital Trusts |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
03/16/17 |
|
|
|
Open |
|
|
|
286,000 |
|
|
|
289,804 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
03/16/17 |
|
|
|
Open |
|
|
|
33,000 |
|
|
|
33,439 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
03/16/17 |
|
|
|
Open |
|
|
|
945,000 |
|
|
|
957,568 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
03/16/17 |
|
|
|
Open |
|
|
|
398,000 |
|
|
|
403,293 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
03/16/17 |
|
|
|
Open |
|
|
|
466,000 |
|
|
|
472,198 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
03/16/17 |
|
|
|
Open |
|
|
|
397,000 |
|
|
|
402,280 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
03/16/17 |
|
|
|
Open |
|
|
|
421,000 |
|
|
|
426,599 |
|
|
Capital Trusts |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
03/16/17 |
|
|
|
Open |
|
|
|
781,000 |
|
|
|
791,387 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
03/16/17 |
|
|
|
Open |
|
|
|
440,000 |
|
|
|
445,852 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
03/16/17 |
|
|
|
Open |
|
|
|
416,000 |
|
|
|
421,533 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
03/16/17 |
|
|
|
Open |
|
|
|
539,000 |
|
|
|
546,169 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
03/16/17 |
|
|
|
Open |
|
|
|
646,000 |
|
|
|
654,592 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
03/16/17 |
|
|
|
Open |
|
|
|
363,000 |
|
|
|
367,828 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
03/16/17 |
|
|
|
Open |
|
|
|
298,000 |
|
|
|
301,963 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
03/16/17 |
|
|
|
Open |
|
|
|
222,000 |
|
|
|
224,953 |
|
|
Corporate Bonds |
|
Open/Demand |
UBS Ltd. |
|
|
1.50 |
% |
|
|
03/16/17 |
|
|
|
Open |
|
|
|
2,970,000 |
|
|
|
2,999,886 |
|
|
Capital Trusts |
|
Open/Demand |
UBS Ltd. |
|
|
1.50 |
% |
|
|
03/16/17 |
|
|
|
Open |
|
|
|
2,647,500 |
|
|
|
2,674,140 |
|
|
Capital Trusts |
|
Open/Demand |
UBS Ltd. |
|
|
1.75 |
% |
|
|
03/16/17 |
|
|
|
Open |
|
|
|
1,112,875 |
|
|
|
1,126,075 |
|
|
Corporate Bonds |
|
Open/Demand |
UBS Ltd. |
|
|
1.75 |
% |
|
|
03/16/17 |
|
|
|
Open |
|
|
|
265,632 |
|
|
|
268,783 |
|
|
Corporate Bonds |
|
Open/Demand |
UBS Ltd. |
|
|
1.75 |
% |
|
|
03/16/17 |
|
|
|
Open |
|
|
|
373,450 |
|
|
|
377,880 |
|
|
Corporate Bonds |
|
Open/Demand |
|
|
|
|
|
SCHEDULES OF INVESTMENTS |
|
|
53 |
|
|
|
|
Schedule of Investments (unaudited) (continued)
November 30, 2017 |
|
BlackRock Limited Duration Income Trust (BLW) |
Reverse Repurchase Agreements
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Counterparty |
|
Interest Rate |
|
|
Trade Date |
|
|
Maturity Date (a) |
|
|
Face Value |
|
|
Face Value Including Accrued Interest |
|
|
Type of Non-Cash
Underlying Collateral |
|
Remaining Contractual Maturity of the Agreements
(a) |
UBS Ltd. |
|
|
1.75 |
% |
|
|
03/16/17 |
|
|
|
Open |
|
|
$ |
303,365 |
|
|
$ |
306,963 |
|
|
Corporate Bonds |
|
Open/Demand |
UBS Ltd. |
|
|
1.75 |
% |
|
|
03/16/17 |
|
|
|
Open |
|
|
|
160,650 |
|
|
|
162,555 |
|
|
Corporate Bonds |
|
Open/Demand |
UBS Ltd. |
|
|
1.75 |
% |
|
|
03/16/17 |
|
|
|
Open |
|
|
|
770,625 |
|
|
|
779,765 |
|
|
Corporate Bonds |
|
Open/Demand |
UBS Ltd. |
|
|
1.75 |
% |
|
|
03/16/17 |
|
|
|
Open |
|
|
|
1,665,000 |
|
|
|
1,684,749 |
|
|
Capital Trusts |
|
Open/Demand |
UBS Ltd. |
|
|
1.75 |
% |
|
|
03/16/17 |
|
|
|
Open |
|
|
|
4,581,250 |
|
|
|
4,635,589 |
|
|
Capital Trusts |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
03/17/17 |
|
|
|
Open |
|
|
|
636,215 |
|
|
|
644,677 |
|
|
Corporate Bonds |
|
Open/Demand |
Barclays Capital, Inc. |
|
|
1.75 |
% |
|
|
03/20/17 |
|
|
|
Open |
|
|
|
3,327,188 |
|
|
|
3,366,097 |
|
|
Capital Trusts |
|
Open/Demand |
Barclays Capital, Inc. |
|
|
2.00 |
% |
|
|
03/20/17 |
|
|
|
Open |
|
|
|
1,242,403 |
|
|
|
1,259,132 |
|
|
Capital Trusts |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
03/23/17 |
|
|
|
Open |
|
|
|
65,600 |
|
|
|
66,441 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
03/30/17 |
|
|
|
Open |
|
|
|
152,000 |
|
|
|
153,900 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
03/31/17 |
|
|
|
Open |
|
|
|
351,000 |
|
|
|
355,370 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
03/31/17 |
|
|
|
Open |
|
|
|
121,275 |
|
|
|
122,785 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.59 |
% |
|
|
04/06/17 |
|
|
|
Open |
|
|
|
140,737 |
|
|
|
142,135 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.59 |
% |
|
|
04/06/17 |
|
|
|
Open |
|
|
|
552,900 |
|
|
|
558,389 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.59 |
% |
|
|
04/06/17 |
|
|
|
Open |
|
|
|
132,300 |
|
|
|
133,613 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.59 |
% |
|
|
04/06/17 |
|
|
|
Open |
|
|
|
218,550 |
|
|
|
220,720 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.59 |
% |
|
|
04/06/17 |
|
|
|
Open |
|
|
|
289,750 |
|
|
|
292,627 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.59 |
% |
|
|
04/06/17 |
|
|
|
Open |
|
|
|
1,771,200 |
|
|
|
1,788,785 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.59 |
% |
|
|
04/06/17 |
|
|
|
Open |
|
|
|
320,450 |
|
|
|
323,632 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
04/06/17 |
|
|
|
Open |
|
|
|
430,550 |
|
|
|
435,849 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
04/06/17 |
|
|
|
Open |
|
|
|
323,635 |
|
|
|
327,621 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
04/06/17 |
|
|
|
Open |
|
|
|
170,000 |
|
|
|
172,092 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
04/06/17 |
|
|
|
Open |
|
|
|
477,125 |
|
|
|
482,998 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
04/06/17 |
|
|
|
Open |
|
|
|
687,150 |
|
|
|
695,608 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
04/06/17 |
|
|
|
Open |
|
|
|
914,760 |
|
|
|
926,019 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
04/06/17 |
|
|
|
Open |
|
|
|
331,280 |
|
|
|
335,357 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
04/06/17 |
|
|
|
Open |
|
|
|
894,735 |
|
|
|
905,748 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
04/06/17 |
|
|
|
Open |
|
|
|
564,475 |
|
|
|
571,423 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
04/06/17 |
|
|
|
Open |
|
|
|
1,349,220 |
|
|
|
1,365,827 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
04/06/17 |
|
|
|
Open |
|
|
|
1,624,470 |
|
|
|
1,644,464 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
04/06/17 |
|
|
|
Open |
|
|
|
257,550 |
|
|
|
260,720 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
04/06/17 |
|
|
|
Open |
|
|
|
118,695 |
|
|
|
120,156 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
04/06/17 |
|
|
|
Open |
|
|
|
158,400 |
|
|
|
160,350 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
04/06/17 |
|
|
|
Open |
|
|
|
437,340 |
|
|
|
442,723 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
04/06/17 |
|
|
|
Open |
|
|
|
111,375 |
|
|
|
112,746 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
04/07/17 |
|
|
|
Open |
|
|
|
127,000 |
|
|
|
128,539 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.59 |
% |
|
|
04/07/17 |
|
|
|
Open |
|
|
|
97,008 |
|
|
|
97,957 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.59 |
% |
|
|
04/07/17 |
|
|
|
Open |
|
|
|
39,856 |
|
|
|
40,246 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
04/13/17 |
|
|
|
Open |
|
|
|
219,664 |
|
|
|
222,253 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
04/19/17 |
|
|
|
Open |
|
|
|
1,565,000 |
|
|
|
1,583,302 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
04/19/17 |
|
|
|
Open |
|
|
|
673,000 |
|
|
|
680,870 |
|
|
Corporate Bonds |
|
Open/Demand |
|
|
|
54 |
|
2017 BLACKROCK QUARTERLY REPORT TO SHAREHOLDERS |
|
|
|
Schedule of Investments (unaudited) (continued)
November 30, 2017 |
|
BlackRock Limited Duration Income Trust (BLW) |
Reverse Repurchase Agreements
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Counterparty |
|
Interest Rate |
|
|
Trade Date |
|
|
Maturity Date (a) |
|
|
Face Value |
|
|
Face Value Including Accrued Interest |
|
|
Type of Non-Cash
Underlying Collateral |
|
Remaining Contractual Maturity of the Agreements
(a) |
HSBC Securities (USA), Inc. |
|
|
1.50 |
% |
|
|
04/19/17 |
|
|
|
Open |
|
|
$ |
2,983,000 |
|
|
$ |
3,009,495 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.59 |
% |
|
|
04/19/17 |
|
|
|
Open |
|
|
|
1,458,188 |
|
|
|
1,471,959 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
04/19/17 |
|
|
|
Open |
|
|
|
1,187,500 |
|
|
|
1,198,727 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
04/19/17 |
|
|
|
Open |
|
|
|
57,000 |
|
|
|
57,664 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
04/20/17 |
|
|
|
Open |
|
|
|
165,000 |
|
|
|
166,898 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
04/20/17 |
|
|
|
Open |
|
|
|
339,000 |
|
|
|
342,900 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
04/28/17 |
|
|
|
Open |
|
|
|
2,069,000 |
|
|
|
2,092,023 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
04/28/17 |
|
|
|
Open |
|
|
|
228,200 |
|
|
|
228,200 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
05/01/17 |
|
|
|
Open |
|
|
|
468,000 |
|
|
|
473,186 |
|
|
Corporate Bonds |
|
Open/Demand |
UBS Ltd. |
|
|
1.75 |
% |
|
|
05/05/17 |
|
|
|
Open |
|
|
|
307,860 |
|
|
|
310,832 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.96 |
% |
|
|
05/11/17 |
|
|
|
Open |
|
|
|
816,000 |
|
|
|
824,580 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
05/12/17 |
|
|
|
Open |
|
|
|
867,000 |
|
|
|
876,075 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
05/12/17 |
|
|
|
Open |
|
|
|
231,000 |
|
|
|
233,418 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
05/17/17 |
|
|
|
Open |
|
|
|
213,000 |
|
|
|
215,219 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.59 |
% |
|
|
05/17/17 |
|
|
|
Open |
|
|
|
283,650 |
|
|
|
286,044 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.59 |
% |
|
|
05/17/17 |
|
|
|
Open |
|
|
|
392,038 |
|
|
|
395,346 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.59 |
% |
|
|
05/17/17 |
|
|
|
Open |
|
|
|
263,312 |
|
|
|
265,535 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.59 |
% |
|
|
05/17/17 |
|
|
|
Open |
|
|
|
423,863 |
|
|
|
427,440 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.59 |
% |
|
|
05/17/17 |
|
|
|
Open |
|
|
|
539,738 |
|
|
|
544,293 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
05/17/17 |
|
|
|
Open |
|
|
|
320,242 |
|
|
|
323,579 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
05/17/17 |
|
|
|
Open |
|
|
|
257,550 |
|
|
|
260,233 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
05/17/17 |
|
|
|
Open |
|
|
|
242,150 |
|
|
|
244,673 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
05/17/17 |
|
|
|
Open |
|
|
|
190,500 |
|
|
|
192,485 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
05/17/17 |
|
|
|
Open |
|
|
|
260,662 |
|
|
|
263,378 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
05/17/17 |
|
|
|
Open |
|
|
|
703,010 |
|
|
|
710,269 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
05/22/17 |
|
|
|
Open |
|
|
|
811,000 |
|
|
|
819,259 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
05/22/17 |
|
|
|
Open |
|
|
|
1,194,000 |
|
|
|
1,206,159 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
05/22/17 |
|
|
|
Open |
|
|
|
1,028,000 |
|
|
|
1,038,468 |
|
|
Capital Trusts |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.59 |
% |
|
|
05/22/17 |
|
|
|
Open |
|
|
|
497,900 |
|
|
|
501,991 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
05/24/17 |
|
|
|
Open |
|
|
|
69,000 |
|
|
|
69,690 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
05/24/17 |
|
|
|
Open |
|
|
|
1,065,050 |
|
|
|
1,075,695 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
05/31/17 |
|
|
|
Open |
|
|
|
923,000 |
|
|
|
931,920 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
05/31/17 |
|
|
|
Open |
|
|
|
98,685 |
|
|
|
99,639 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
06/05/17 |
|
|
|
Open |
|
|
|
95,880 |
|
|
|
96,799 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
06/09/17 |
|
|
|
Open |
|
|
|
519,715 |
|
|
|
524,529 |
|
|
Corporate Bonds |
|
Open/Demand |
BNP Paribas S.A. |
|
|
1.61 |
% |
|
|
06/15/17 |
|
|
|
Open |
|
|
|
390,000 |
|
|
|
392,878 |
|
|
Corporate Bonds |
|
Open/Demand |
|
|
|
|
|
SCHEDULES OF INVESTMENTS |
|
|
55 |
|
|
|
|
Schedule of Investments (unaudited) (continued)
November 30, 2017 |
|
BlackRock Limited Duration Income Trust (BLW) |
Reverse Repurchase Agreements
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Counterparty |
|
Interest Rate |
|
|
Trade Date |
|
|
Maturity Date (a) |
|
|
Face Value |
|
|
Face Value Including Accrued Interest |
|
|
Type of Non-Cash
Underlying Collateral |
|
Remaining Contractual Maturity of the Agreements
(a) |
BNP Paribas S.A. |
|
|
1.61 |
% |
|
|
06/15/17 |
|
|
|
Open |
|
|
$ |
576,000 |
|
|
$ |
580,250 |
|
|
Corporate Bonds |
|
Open/Demand |
BNP Paribas S.A. |
|
|
1.96 |
% |
|
|
06/15/17 |
|
|
|
Open |
|
|
|
437,000 |
|
|
|
440,926 |
|
|
Corporate Bonds |
|
Open/Demand |
BNP Paribas S.A. |
|
|
1.96 |
% |
|
|
06/15/17 |
|
|
|
Open |
|
|
|
238,000 |
|
|
|
240,138 |
|
|
Corporate Bonds |
|
Open/Demand |
BNP Paribas S.A. |
|
|
1.96 |
% |
|
|
06/15/17 |
|
|
|
Open |
|
|
|
643,000 |
|
|
|
648,776 |
|
|
Corporate Bonds |
|
Open/Demand |
BNP Paribas S.A. |
|
|
1.96 |
% |
|
|
06/15/17 |
|
|
|
Open |
|
|
|
578,000 |
|
|
|
583,192 |
|
|
Corporate Bonds |
|
Open/Demand |
BNP Paribas S.A. |
|
|
1.96 |
% |
|
|
06/15/17 |
|
|
|
Open |
|
|
|
865,000 |
|
|
|
872,771 |
|
|
Corporate Bonds |
|
Open/Demand |
BNP Paribas S.A. |
|
|
1.96 |
% |
|
|
06/15/17 |
|
|
|
Open |
|
|
|
1,088,000 |
|
|
|
1,097,774 |
|
|
Corporate Bonds |
|
Open/Demand |
Credit Suisse Securities (USA) LLC |
|
|
(1.00 |
)% |
|
|
06/15/17 |
|
|
|
Open |
|
|
|
405,000 |
|
|
|
403,110 |
|
|
Corporate Bonds |
|
Open/Demand |
Credit Suisse Securities (USA) LLC |
|
|
1.50 |
% |
|
|
06/15/17 |
|
|
|
Open |
|
|
|
1,298,375 |
|
|
|
1,307,464 |
|
|
Corporate Bonds |
|
Open/Demand |
Credit Suisse Securities (USA) LLC |
|
|
1.50 |
% |
|
|
06/15/17 |
|
|
|
Open |
|
|
|
931,263 |
|
|
|
937,781 |
|
|
Corporate Bonds |
|
Open/Demand |
Credit Suisse Securities (USA) LLC |
|
|
1.55 |
% |
|
|
06/15/17 |
|
|
|
Open |
|
|
|
5,808,780 |
|
|
|
5,850,798 |
|
|
Corporate Bonds |
|
Open/Demand |
Credit Suisse Securities (USA) LLC |
|
|
2.00 |
% |
|
|
06/15/17 |
|
|
|
Open |
|
|
|
2,710,960 |
|
|
|
2,736,262 |
|
|
Foreign Agency Obligations |
|
Open/Demand |
Credit Suisse Securities (USA) LLC |
|
|
2.00 |
% |
|
|
06/15/17 |
|
|
|
Open |
|
|
|
2,128,333 |
|
|
|
2,148,197 |
|
|
Foreign Agency Obligations |
|
Open/Demand |
HSBC Securities (USA), Inc. |
|
|
1.50 |
% |
|
|
06/19/17 |
|
|
|
Open |
|
|
|
808,000 |
|
|
|
813,521 |
|
|
Corporate Bonds |
|
Open/Demand |
HSBC Securities (USA), Inc. |
|
|
1.50 |
% |
|
|
06/19/17 |
|
|
|
Open |
|
|
|
2,504,000 |
|
|
|
2,521,111 |
|
|
Capital Trusts |
|
Open/Demand |
HSBC Securities (USA), Inc. |
|
|
1.50 |
% |
|
|
06/19/17 |
|
|
|
Open |
|
|
|
3,412,000 |
|
|
|
3,435,315 |
|
|
Corporate Bonds |
|
Open/Demand |
HSBC Securities (USA), Inc. |
|
|
1.50 |
% |
|
|
06/19/17 |
|
|
|
Open |
|
|
|
2,389,000 |
|
|
|
2,405,325 |
|
|
Corporate Bonds |
|
Open/Demand |
HSBC Securities (USA), Inc. |
|
|
1.50 |
% |
|
|
06/19/17 |
|
|
|
Open |
|
|
|
3,510,000 |
|
|
|
3,533,985 |
|
|
Capital Trusts |
|
Open/Demand |
HSBC Securities (USA), Inc. |
|
|
1.50 |
% |
|
|
06/19/17 |
|
|
|
Open |
|
|
|
424,000 |
|
|
|
426,897 |
|
|
Corporate Bonds |
|
Open/Demand |
HSBC Securities (USA), Inc. |
|
|
1.50 |
% |
|
|
06/19/17 |
|
|
|
Open |
|
|
|
908,000 |
|
|
|
914,205 |
|
|
Corporate Bonds |
|
Open/Demand |
HSBC Securities (USA), Inc. |
|
|
1.50 |
% |
|
|
06/19/17 |
|
|
|
Open |
|
|
|
1,464,000 |
|
|
|
1,474,004 |
|
|
Corporate Bonds |
|
Open/Demand |
HSBC Securities (USA), Inc. |
|
|
1.50 |
% |
|
|
06/19/17 |
|
|
|
Open |
|
|
|
466,000 |
|
|
|
469,184 |
|
|
Corporate Bonds |
|
Open/Demand |
HSBC Securities (USA), Inc. |
|
|
1.50 |
% |
|
|
06/19/17 |
|
|
|
Open |
|
|
|
341,000 |
|
|
|
343,330 |
|
|
Corporate Bonds |
|
Open/Demand |
HSBC Securities (USA), Inc. |
|
|
1.50 |
% |
|
|
06/19/17 |
|
|
|
Open |
|
|
|
1,437,000 |
|
|
|
1,446,819 |
|
|
Corporate Bonds |
|
Open/Demand |
HSBC Securities (USA), Inc. |
|
|
1.75 |
% |
|
|
06/19/17 |
|
|
|
Open |
|
|
|
495,000 |
|
|
|
498,946 |
|
|
Corporate Bonds |
|
Open/Demand |
HSBC Securities (USA), Inc. |
|
|
1.75 |
% |
|
|
06/19/17 |
|
|
|
Open |
|
|
|
6,379,000 |
|
|
|
6,430,651 |
|
|
Capital Trusts |
|
Open/Demand |
HSBC Securities (USA), Inc. |
|
|
1.75 |
% |
|
|
06/19/17 |
|
|
|
Open |
|
|
|
209,000 |
|
|
|
210,666 |
|
|
Corporate Bonds |
|
Open/Demand |
HSBC Securities (USA), Inc. |
|
|
1.75 |
% |
|
|
06/19/17 |
|
|
|
Open |
|
|
|
355,000 |
|
|
|
357,830 |
|
|
Corporate Bonds |
|
Open/Demand |
|
|
|
56 |
|
2017 BLACKROCK QUARTERLY REPORT TO SHAREHOLDERS |
|
|
|
Schedule of Investments (unaudited) (continued)
November 30, 2017 |
|
BlackRock Limited Duration Income Trust (BLW) |
Reverse Repurchase Agreements
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Counterparty |
|
Interest Rate |
|
|
Trade Date |
|
|
Maturity Date (a) |
|
|
Face Value |
|
|
Face Value Including Accrued Interest |
|
|
Type of Non-Cash
Underlying Collateral |
|
Remaining Contractual Maturity of the Agreements
(a) |
HSBC Securities (USA), Inc. |
|
|
1.75 |
% |
|
|
06/19/17 |
|
|
|
Open |
|
|
$ |
159,000 |
|
|
$ |
160,268 |
|
|
Corporate Bonds |
|
Open/Demand |
HSBC Securities (USA), Inc. |
|
|
1.75 |
% |
|
|
06/19/17 |
|
|
|
Open |
|
|
|
897,000 |
|
|
|
904,151 |
|
|
Corporate Bonds |
|
Open/Demand |
HSBC Securities (USA), Inc. |
|
|
1.75 |
% |
|
|
06/19/17 |
|
|
|
Open |
|
|
|
607,000 |
|
|
|
611,839 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
06/19/17 |
|
|
|
Open |
|
|
|
624,100 |
|
|
|
629,644 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
06/19/17 |
|
|
|
Open |
|
|
|
223,807 |
|
|
|
225,796 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
06/19/17 |
|
|
|
Open |
|
|
|
363,375 |
|
|
|
366,603 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
06/19/17 |
|
|
|
Open |
|
|
|
383,303 |
|
|
|
386,707 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
06/19/17 |
|
|
|
Open |
|
|
|
790,215 |
|
|
|
797,235 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
06/19/17 |
|
|
|
Open |
|
|
|
326,375 |
|
|
|
329,257 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
06/19/17 |
|
|
|
Open |
|
|
|
415,438 |
|
|
|
419,128 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.59 |
% |
|
|
06/21/17 |
|
|
|
Open |
|
|
|
674,150 |
|
|
|
678,974 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.59 |
% |
|
|
06/21/17 |
|
|
|
Open |
|
|
|
253,725 |
|
|
|
255,540 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.59 |
% |
|
|
06/21/17 |
|
|
|
Open |
|
|
|
646,750 |
|
|
|
651,572 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.59 |
% |
|
|
06/21/17 |
|
|
|
Open |
|
|
|
1,488,375 |
|
|
|
1,499,024 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.59 |
% |
|
|
06/21/17 |
|
|
|
Open |
|
|
|
1,741,250 |
|
|
|
1,753,709 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.59 |
% |
|
|
06/21/17 |
|
|
|
Open |
|
|
|
437,175 |
|
|
|
440,303 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.59 |
% |
|
|
06/21/17 |
|
|
|
Open |
|
|
|
1,204,538 |
|
|
|
1,213,156 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.59 |
% |
|
|
06/21/17 |
|
|
|
Open |
|
|
|
2,167,000 |
|
|
|
2,182,505 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
06/21/17 |
|
|
|
Open |
|
|
|
231,240 |
|
|
|
233,257 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
06/21/17 |
|
|
|
Open |
|
|
|
2,425,000 |
|
|
|
2,446,279 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
06/21/17 |
|
|
|
Open |
|
|
|
348,300 |
|
|
|
350,796 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
06/21/17 |
|
|
|
Open |
|
|
|
570,825 |
|
|
|
575,834 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
06/21/17 |
|
|
|
Open |
|
|
|
505,575 |
|
|
|
510,011 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
06/21/17 |
|
|
|
Open |
|
|
|
221,520 |
|
|
|
223,464 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
06/21/17 |
|
|
|
Open |
|
|
|
294,017 |
|
|
|
296,597 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
(0.25 |
)% |
|
|
06/22/17 |
|
|
|
Open |
|
|
|
78,725 |
|
|
|
78,640 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
06/22/17 |
|
|
|
Open |
|
|
|
300,900 |
|
|
|
303,440 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
06/26/17 |
|
|
|
Open |
|
|
|
380,362 |
|
|
|
383,533 |
|
|
Corporate Bonds |
|
Open/Demand |
BNP Paribas S.A. |
|
|
1.96 |
% |
|
|
06/29/17 |
|
|
|
Open |
|
|
|
370,000 |
|
|
|
373,000 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.59 |
% |
|
|
06/29/17 |
|
|
|
Open |
|
|
|
370,312 |
|
|
|
372,797 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.59 |
% |
|
|
06/29/17 |
|
|
|
Open |
|
|
|
290,700 |
|
|
|
292,650 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.59 |
% |
|
|
06/29/17 |
|
|
|
Open |
|
|
|
97,250 |
|
|
|
97,902 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.59 |
% |
|
|
06/29/17 |
|
|
|
Open |
|
|
|
1,095,488 |
|
|
|
1,102,837 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.59 |
% |
|
|
06/29/17 |
|
|
|
Open |
|
|
|
494,900 |
|
|
|
498,220 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.59 |
% |
|
|
06/29/17 |
|
|
|
Open |
|
|
|
375,937 |
|
|
|
378,459 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.59 |
% |
|
|
06/29/17 |
|
|
|
Open |
|
|
|
1,396,875 |
|
|
|
1,406,246 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.59 |
% |
|
|
06/29/17 |
|
|
|
Open |
|
|
|
970,000 |
|
|
|
976,507 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
06/29/17 |
|
|
|
Open |
|
|
|
390,000 |
|
|
|
393,209 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
06/29/17 |
|
|
|
Open |
|
|
|
125,625 |
|
|
|
126,659 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
06/29/17 |
|
|
|
Open |
|
|
|
688,675 |
|
|
|
694,341 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
06/29/17 |
|
|
|
Open |
|
|
|
522,900 |
|
|
|
527,202 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
06/29/17 |
|
|
|
Open |
|
|
|
394,800 |
|
|
|
398,048 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
07/10/17 |
|
|
|
Open |
|
|
|
857,000 |
|
|
|
863,685 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
07/24/17 |
|
|
|
Open |
|
|
|
85,000 |
|
|
|
85,594 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
07/24/17 |
|
|
|
Open |
|
|
|
303,000 |
|
|
|
305,101 |
|
|
Corporate Bonds |
|
Open/Demand |
|
|
|
|
|
SCHEDULES OF INVESTMENTS |
|
|
57 |
|
|
|
|
Schedule of Investments (unaudited) (continued)
November 30, 2017 |
|
BlackRock Limited Duration Income Trust (BLW) |
Reverse Repurchase Agreements
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Counterparty |
|
Interest Rate |
|
|
Trade Date |
|
|
Maturity Date (a) |
|
|
Face Value |
|
|
Face Value Including Accrued Interest |
|
|
Type of Non-Cash
Underlying Collateral |
|
Remaining Contractual Maturity of the Agreements
(a) |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
07/24/17 |
|
|
|
Open |
|
|
$ |
379,620 |
|
|
$ |
382,273 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
07/25/17 |
|
|
|
Open |
|
|
|
160,000 |
|
|
|
161,101 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
07/25/17 |
|
|
|
Open |
|
|
|
194,000 |
|
|
|
195,335 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
07/27/17 |
|
|
|
Open |
|
|
|
898,580 |
|
|
|
904,761 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
07/27/17 |
|
|
|
Open |
|
|
|
657,825 |
|
|
|
662,208 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
07/28/17 |
|
|
|
Open |
|
|
|
216,460 |
|
|
|
217,890 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
08/01/17 |
|
|
|
Open |
|
|
|
896,610 |
|
|
|
902,535 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
08/01/17 |
|
|
|
Open |
|
|
|
745,420 |
|
|
|
750,346 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
08/01/17 |
|
|
|
Open |
|
|
|
625,485 |
|
|
|
629,618 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
08/01/17 |
|
|
|
Open |
|
|
|
729,000 |
|
|
|
733,817 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
08/01/17 |
|
|
|
Open |
|
|
|
693,910 |
|
|
|
698,496 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
08/03/17 |
|
|
|
Open |
|
|
|
323,190 |
|
|
|
325,273 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
08/04/17 |
|
|
|
Open |
|
|
|
1,501,200 |
|
|
|
1,510,633 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
08/10/17 |
|
|
|
Open |
|
|
|
193,000 |
|
|
|
194,139 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.59 |
% |
|
|
08/14/17 |
|
|
|
Open |
|
|
|
475,000 |
|
|
|
477,245 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
08/15/17 |
|
|
|
Open |
|
|
|
199,000 |
|
|
|
200,143 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
08/15/17 |
|
|
|
Open |
|
|
|
473,000 |
|
|
|
475,716 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
08/18/17 |
|
|
|
Open |
|
|
|
858,220 |
|
|
|
862,915 |
|
|
Corporate Bonds |
|
Open/Demand |
Barclays Capital, Inc. |
|
|
2.00 |
% |
|
|
08/21/17 |
|
|
|
Open |
|
|
|
436,175 |
|
|
|
438,598 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.59 |
% |
|
|
08/21/17 |
|
|
|
Open |
|
|
|
146,536 |
|
|
|
147,190 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
08/23/17 |
|
|
|
Open |
|
|
|
120,840 |
|
|
|
121,481 |
|
|
Corporate Bonds |
|
Open/Demand |
BNP Paribas S.A. |
|
|
1.96 |
% |
|
|
09/11/17 |
|
|
|
Open |
|
|
|
413,000 |
|
|
|
414,799 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
09/12/17 |
|
|
|
Open |
|
|
|
532,225 |
|
|
|
534,531 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
09/12/17 |
|
|
|
Open |
|
|
|
385,950 |
|
|
|
387,622 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
09/12/17 |
|
|
|
Open |
|
|
|
395,010 |
|
|
|
396,722 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
09/12/17 |
|
|
|
Open |
|
|
|
589,155 |
|
|
|
591,708 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
09/12/17 |
|
|
|
Open |
|
|
|
428,750 |
|
|
|
430,608 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
09/12/17 |
|
|
|
Open |
|
|
|
340,100 |
|
|
|
341,574 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
09/21/17 |
|
|
|
Open |
|
|
|
669,680 |
|
|
|
672,255 |
|
|
Corporate Bonds |
|
Open/Demand |
Barclays Capital, Inc. |
|
|
2.00 |
% |
|
|
09/22/17 |
|
|
|
Open |
|
|
|
625,799 |
|
|
|
628,232 |
|
|
Corporate Bonds |
|
Open/Demand |
Barclays Capital, Inc. |
|
|
2.00 |
% |
|
|
09/22/17 |
|
|
|
Open |
|
|
|
704,063 |
|
|
|
706,771 |
|
|
Corporate Bonds |
|
Open/Demand |
Barclays Capital, Inc. |
|
|
2.00 |
% |
|
|
09/26/17 |
|
|
|
Open |
|
|
|
408,030 |
|
|
|
409,526 |
|
|
Corporate Bonds |
|
Open/Demand |
Barclays Capital, Inc. |
|
|
2.00 |
% |
|
|
09/26/17 |
|
|
|
Open |
|
|
|
462,075 |
|
|
|
463,769 |
|
|
Corporate Bonds |
|
Open/Demand |
Barclays Capital, Inc. |
|
|
2.00 |
% |
|
|
09/26/17 |
|
|
|
Open |
|
|
|
362,000 |
|
|
|
363,327 |
|
|
Corporate Bonds |
|
Open/Demand |
Barclays Capital, Inc. |
|
|
2.00 |
% |
|
|
09/26/17 |
|
|
|
Open |
|
|
|
732,945 |
|
|
|
735,632 |
|
|
Corporate Bonds |
|
Open/Demand |
Barclays Capital, Inc. |
|
|
2.00 |
% |
|
|
09/26/17 |
|
|
|
Open |
|
|
|
312,900 |
|
|
|
314,047 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
09/27/17 |
|
|
|
Open |
|
|
|
709,520 |
|
|
|
711,980 |
|
|
Corporate Bonds |
|
Open/Demand |
Barclays Capital, Inc. |
|
|
2.00 |
% |
|
|
09/28/17 |
|
|
|
Open |
|
|
|
600,066 |
|
|
|
602,166 |
|
|
Corporate Bonds |
|
Open/Demand |
Barclays Capital, Inc. |
|
|
2.00 |
% |
|
|
09/28/17 |
|
|
|
Open |
|
|
|
261,075 |
|
|
|
261,989 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
09/28/17 |
|
|
|
Open |
|
|
|
448,395 |
|
|
|
449,925 |
|
|
Corporate Bonds |
|
Open/Demand |
BNP Paribas S.A. |
|
|
1.96 |
% |
|
|
09/29/17 |
|
|
|
Open |
|
|
|
347,000 |
|
|
|
348,134 |
|
|
Corporate Bonds |
|
Open/Demand |
BNP Paribas S.A. |
|
|
2.20 |
% |
|
|
10/03/17 |
|
|
|
Open |
|
|
|
244,000 |
|
|
|
244,865 |
|
|
Foreign Agency Obligations |
|
Open/Demand |
|
|
|
58 |
|
2017 BLACKROCK QUARTERLY REPORT TO SHAREHOLDERS |
|
|
|
Schedule of Investments (unaudited) (continued)
November 30, 2017 |
|
BlackRock Limited Duration Income Trust (BLW) |
Reverse Repurchase Agreements
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Counterparty |
|
Interest Rate |
|
|
Trade Date |
|
|
Maturity Date (a) |
|
|
Face Value |
|
|
Face Value Including Accrued Interest |
|
|
Type of Non-Cash
Underlying Collateral |
|
Remaining Contractual Maturity of the Agreements
(a) |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
10/04/17 |
|
|
|
Open |
|
|
$ |
417,000 |
|
|
$ |
418,287 |
|
|
Foreign Agency Obligations |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
10/04/17 |
|
|
|
Open |
|
|
|
896,000 |
|
|
|
898,766 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
10/04/17 |
|
|
|
Open |
|
|
|
340,425 |
|
|
|
341,476 |
|
|
Corporate Bonds |
|
Open/Demand |
UBS Securities LLC |
|
|
1.55 |
% |
|
|
10/04/17 |
|
|
|
Open |
|
|
|
3,243,009 |
|
|
|
3,250,968 |
|
|
Foreign Agency Obligations |
|
Open/Demand |
UBS Securities LLC |
|
|
1.60 |
% |
|
|
10/04/17 |
|
|
|
Open |
|
|
|
3,114,078 |
|
|
|
3,121,967 |
|
|
Foreign Agency Obligations |
|
Open/Demand |
UBS Securities LLC |
|
|
1.75 |
% |
|
|
10/04/17 |
|
|
|
Open |
|
|
|
2,057,385 |
|
|
|
2,063,186 |
|
|
Corporate Bonds |
|
Open/Demand |
BNP Paribas S.A. |
|
|
1.75 |
% |
|
|
10/05/17 |
|
|
|
Open |
|
|
|
683,000 |
|
|
|
684,892 |
|
|
Corporate Bonds |
|
Open/Demand |
BNP Paribas S.A. |
|
|
1.80 |
% |
|
|
10/05/17 |
|
|
|
Open |
|
|
|
1,389,000 |
|
|
|
1,392,959 |
|
|
Corporate Bonds |
|
Open/Demand |
BNP Paribas S.A. |
|
|
1.80 |
% |
|
|
10/05/17 |
|
|
|
Open |
|
|
|
690,000 |
|
|
|
691,966 |
|
|
Corporate Bonds |
|
Open/Demand |
BNP Paribas S.A. |
|
|
1.80 |
% |
|
|
10/05/17 |
|
|
|
Open |
|
|
|
866,000 |
|
|
|
868,468 |
|
|
Corporate Bonds |
|
Open/Demand |
BNP Paribas S.A. |
|
|
1.82 |
% |
|
|
10/05/17 |
|
|
|
Open |
|
|
|
472,000 |
|
|
|
473,360 |
|
|
Corporate Bonds |
|
Open/Demand |
BNP Paribas S.A. |
|
|
1.82 |
% |
|
|
10/05/17 |
|
|
|
Open |
|
|
|
476,000 |
|
|
|
477,372 |
|
|
Corporate Bonds |
|
Open/Demand |
BNP Paribas S.A. |
|
|
1.82 |
% |
|
|
10/05/17 |
|
|
|
Open |
|
|
|
572,000 |
|
|
|
573,648 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
(0.50 |
)% |
|
|
10/05/17 |
|
|
|
Open |
|
|
|
277,000 |
|
|
|
276,785 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
10/06/17 |
|
|
|
Open |
|
|
|
205,303 |
|
|
|
205,870 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
10/06/17 |
|
|
|
Open |
|
|
|
171,000 |
|
|
|
171,482 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
10/06/17 |
|
|
|
Open |
|
|
|
749,000 |
|
|
|
751,110 |
|
|
Corporate Bonds |
|
Open/Demand |
UBS Securities LLC |
|
|
1.75 |
% |
|
|
10/06/17 |
|
|
|
Open |
|
|
|
270,292 |
|
|
|
270,976 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
10/10/17 |
|
|
|
Open |
|
|
|
151,200 |
|
|
|
151,618 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
10/12/17 |
|
|
|
Open |
|
|
|
320,625 |
|
|
|
321,476 |
|
|
Corporate Bonds |
|
Open/Demand |
Barclays Capital, Inc. |
|
|
0.00 |
% |
|
|
10/13/17 |
|
|
|
Open |
|
|
|
131,535 |
|
|
|
131,535 |
|
|
Corporate Bonds |
|
Open/Demand |
Barclays Capital, Inc. |
|
|
2.00 |
% |
|
|
10/13/17 |
|
|
|
Open |
|
|
|
525,113 |
|
|
|
526,454 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
10/13/17 |
|
|
|
Open |
|
|
|
195,722 |
|
|
|
196,210 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
10/13/17 |
|
|
|
Open |
|
|
|
93,000 |
|
|
|
93,247 |
|
|
Corporate Bonds |
|
Open/Demand |
UBS Ltd. |
|
|
1.75 |
% |
|
|
10/13/17 |
|
|
|
Open |
|
|
|
942,938 |
|
|
|
945,046 |
|
|
Corporate Bonds |
|
Open/Demand |
BNP Paribas S.A. |
|
|
1.96 |
% |
|
|
10/16/17 |
|
|
|
Open |
|
|
|
899,000 |
|
|
|
901,203 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
10/18/17 |
|
|
|
Open |
|
|
|
1,877,000 |
|
|
|
1,881,372 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
10/20/17 |
|
|
|
Open |
|
|
|
405,000 |
|
|
|
405,856 |
|
|
Corporate Bonds |
|
Open/Demand |
Barclays Capital, Inc. |
|
|
(0.25 |
)% |
|
|
10/30/17 |
|
|
|
Open |
|
|
|
36,225 |
|
|
|
36,217 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
10/30/17 |
|
|
|
Open |
|
|
|
475,590 |
|
|
|
476,389 |
|
|
Corporate Bonds |
|
Open/Demand |
Citigroup Global Markets, Inc. |
|
|
(0.25 |
)% |
|
|
11/01/17 |
|
|
|
Open |
|
|
|
317,187 |
|
|
|
317,124 |
|
|
Corporate Bonds |
|
Open/Demand |
J.P. Morgan Securities LLC |
|
|
1.65 |
% |
|
|
11/02/17 |
|
|
|
12/04/17 |
|
|
|
4,345,000 |
|
|
|
4,350,576 |
|
|
U.S. Government Sponsored Agency Securities |
|
Up to 30 Days |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
11/02/17 |
|
|
|
Open |
|
|
|
420,000 |
|
|
|
420,637 |
|
|
Corporate Bonds |
|
Open/Demand |
|
|
|
|
|
SCHEDULES OF INVESTMENTS |
|
|
59 |
|
|
|
|
Schedule of Investments (unaudited) (continued)
November 30, 2017 |
|
BlackRock Limited Duration Income Trust (BLW) |
Reverse Repurchase Agreements
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Counterparty |
|
Interest Rate |
|
|
Trade Date |
|
|
Maturity Date (a) |
|
|
Face Value |
|
|
Face Value Including Accrued Interest |
|
|
Type of Non-Cash
Underlying Collateral |
|
Remaining Contractual Maturity of the Agreements
(a) |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
11/02/17 |
|
|
|
Open |
|
|
$ |
1,662,015 |
|
|
$ |
1,664,536 |
|
|
Corporate Bonds |
|
Open/Demand |
Barclays Capital, Inc. |
|
|
0.25 |
% |
|
|
11/03/17 |
|
|
|
Open |
|
|
|
199,240 |
|
|
|
199,279 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
11/06/17 |
|
|
|
Open |
|
|
|
283,920 |
|
|
|
284,289 |
|
|
Corporate Bonds |
|
Open/Demand |
Barclays Capital, Inc. |
|
|
2.00 |
% |
|
|
11/08/17 |
|
|
|
Open |
|
|
|
594,750 |
|
|
|
595,477 |
|
|
Corporate Bonds |
|
Open/Demand |
BNP Paribas S.A. |
|
|
1.96 |
% |
|
|
11/08/17 |
|
|
|
Open |
|
|
|
1,427,000 |
|
|
|
1,428,709 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
11/08/17 |
|
|
|
Open |
|
|
|
613,000 |
|
|
|
613,730 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
0.00 |
% |
|
|
11/08/17 |
|
|
|
Open |
|
|
|
261,397 |
|
|
|
261,397 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
(1.00 |
)% |
|
|
11/08/17 |
|
|
|
Open |
|
|
|
889,350 |
|
|
|
888,806 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
11/08/17 |
|
|
|
Open |
|
|
|
712,300 |
|
|
|
713,149 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
11/08/17 |
|
|
|
Open |
|
|
|
863,470 |
|
|
|
864,499 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
11/08/17 |
|
|
|
Open |
|
|
|
491,620 |
|
|
|
492,206 |
|
|
Corporate Bonds |
|
Open/Demand |
HSBC Securities (USA), Inc. |
|
|
1.40 |
% |
|
|
11/09/17 |
|
|
|
1/11/18 |
|
|
|
169,001 |
|
|
|
169,139 |
|
|
U.S. Government Sponsored Agency Securities |
|
Up to 30 Days |
HSBC Securities (USA), Inc. |
|
|
1.40 |
% |
|
|
11/09/17 |
|
|
|
1/11/18 |
|
|
|
788,000 |
|
|
|
788,644 |
|
|
U.S. Government Sponsored Agency Securities |
|
Up to 30 Days |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
11/09/17 |
|
|
|
Open |
|
|
|
448,695 |
|
|
|
449,205 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
11/09/17 |
|
|
|
Open |
|
|
|
537,010 |
|
|
|
537,621 |
|
|
Corporate Bonds |
|
Open/Demand |
Barclays Capital, Inc. |
|
|
2.00 |
% |
|
|
11/10/17 |
|
|
|
Open |
|
|
|
566,156 |
|
|
|
566,722 |
|
|
Corporate Bonds |
|
Open/Demand |
BNP Paribas S.A. |
|
|
1.75 |
% |
|
|
11/10/17 |
|
|
|
Open |
|
|
|
548,000 |
|
|
|
548,479 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
11/10/17 |
|
|
|
Open |
|
|
|
101,782 |
|
|
|
101,882 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
1.95 |
% |
|
|
11/13/17 |
|
|
|
Open |
|
|
|
392,000 |
|
|
|
392,361 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
11/14/17 |
|
|
|
Open |
|
|
|
220,000 |
|
|
|
220,191 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
11/17/17 |
|
|
|
Open |
|
|
|
433,260 |
|
|
|
433,518 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
0.00 |
% |
|
|
11/20/17 |
|
|
|
Open |
|
|
|
220,000 |
|
|
|
220,000 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.59 |
% |
|
|
11/28/17 |
|
|
|
Open |
|
|
|
716,250 |
|
|
|
716,313 |
|
|
Corporate Bonds |
|
Open/Demand |
Nomura Securities International, Inc. |
|
|
(1.50 |
)% |
|
|
11/29/17 |
|
|
|
Open |
|
|
|
134,750 |
|
|
|
134,744 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
11/29/17 |
|
|
|
Open |
|
|
|
89,380 |
|
|
|
89,385 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
1.95 |
% |
|
|
11/29/17 |
|
|
|
Open |
|
|
|
656,880 |
|
|
|
656,916 |
|
|
Corporate Bonds |
|
Open/Demand |
Deutsche Bank Securities, Inc. |
|
|
0.00 |
% |
|
|
11/30/17 |
|
|
|
Open |
|
|
|
250,000 |
|
|
|
250,000 |
|
|
Corporate Bonds |
|
Open/Demand |
RBC Capital Markets LLC |
|
|
0.00 |
% |
|
|
11/30/17 |
|
|
|
Open |
|
|
|
143,640 |
|
|
|
143,640 |
|
|
Corporate Bonds |
|
Open/Demand |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
245,953,225 |
|
|
$ |
247,992,645 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(a) |
Certain agreements have no stated maturity and can be terminated by either party at any time. |
|
|
|
|
60 |
|
2017 BLACKROCK QUARTERLY REPORT TO SHAREHOLDERS |
|
|
|
Schedule of Investments (unaudited) (continued)
November 30, 2017 |
|
BlackRock Limited Duration Income Trust (BLW) |
Derivative Financial Instruments Outstanding as of Period End
Futures Contracts
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Description |
|
Number of Contracts |
|
|
Expiration Date |
|
|
Notional Amount (000) |
|
|
Value/ Unrealized Appreciation (Depreciation) |
|
Long Contracts |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ultra Long U.S. Treasury Bond |
|
|
7 |
|
|
|
03/20/18 |
|
|
$ |
1,154 |
|
|
$ |
(14,474 |
) |
Short Contracts |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Euro Bund |
|
|
4 |
|
|
|
12/07/17 |
|
|
|
775 |
|
|
|
(3,479 |
) |
10-Year U.S. Treasury Note |
|
|
278 |
|
|
|
03/20/18 |
|
|
|
34,485 |
|
|
|
141,458 |
|
10-Year U.S. Ultra Long Treasury Note |
|
|
93 |
|
|
|
03/20/18 |
|
|
|
12,385 |
|
|
|
73,686 |
|
Long U.S. Treasury Bond |
|
|
83 |
|
|
|
03/20/18 |
|
|
|
12,593 |
|
|
|
129,120 |
|
2-Year U.S. Treasury Note |
|
|
58 |
|
|
|
03/29/18 |
|
|
|
12,436 |
|
|
|
8,179 |
|
5-Year U.S. Treasury Note |
|
|
65 |
|
|
|
03/29/18 |
|
|
|
7,562 |
|
|
|
17,735 |
|
Long Gilt Future |
|
|
1 |
|
|
|
03/27/18 |
|
|
|
167 |
|
|
|
878 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
367,577 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
353,103 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Forward Foreign Currency Exchange Contracts
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Currency Purchased |
|
|
Currency Sold |
|
|
Counterparty |
|
Settlement Date |
|
|
Unrealized Appreciation (Depreciation) |
|
EUR |
|
|
1,340,000 |
|
|
GBP |
|
|
1,177,893 |
|
|
Barclays Bank PLC |
|
|
12/01/17 |
|
|
$ |
1,951 |
|
EUR |
|
|
2,740,000 |
|
|
SEK |
|
|
27,118,054 |
|
|
Barclays Bank PLC |
|
|
12/01/17 |
|
|
|
21,740 |
|
GBP |
|
|
1,188,182 |
|
|
EUR |
|
|
1,335,000 |
|
|
Barclays Bank PLC |
|
|
12/01/17 |
|
|
|
17,915 |
|
GBP |
|
|
1,223,627 |
|
|
EUR |
|
|
1,370,000 |
|
|
National Australia Bank Ltd. |
|
|
12/01/17 |
|
|
|
24,192 |
|
GBP |
|
|
2,440,000 |
|
|
NOK |
|
|
24,654,542 |
|
|
JPMorgan Chase Bank N.A. |
|
|
12/01/17 |
|
|
|
336,375 |
|
USD |
|
|
179,009 |
|
|
EUR |
|
|
150,000 |
|
|
Bank of America N.A. |
|
|
12/05/17 |
|
|
|
463 |
|
USD |
|
|
196,164 |
|
|
NZD |
|
|
287,000 |
|
|
HSBC Bank PLC |
|
|
12/05/17 |
|
|
|
2 |
|
AUD |
|
|
2,020,000 |
|
|
CAD |
|
|
1,964,331 |
|
|
Citibank N.A. |
|
|
12/12/17 |
|
|
|
5,036 |
|
AUD |
|
|
2,050,000 |
|
|
NZD |
|
|
2,256,347 |
|
|
BNP Paribas S.A. |
|
|
12/12/17 |
|
|
|
8,519 |
|
CAD |
|
|
3,898,903 |
|
|
AUD |
|
|
3,990,000 |
|
|
National Australia Bank Ltd. |
|
|
12/12/17 |
|
|
|
4,675 |
|
EUR |
|
|
1,380,000 |
|
|
JPY |
|
|
183,403,380 |
|
|
BNP Paribas S.A. |
|
|
12/12/17 |
|
|
|
13,110 |
|
EUR |
|
|
1,360,000 |
|
|
JPY |
|
|
180,029,279 |
|
|
Citibank N.A. |
|
|
12/12/17 |
|
|
|
19,285 |
|
GBP |
|
|
1,165,022 |
|
|
EUR |
|
|
1,310,000 |
|
|
BNP Paribas S.A. |
|
|
12/12/17 |
|
|
|
16,021 |
|
GBP |
|
|
1,200,000 |
|
|
NOK |
|
|
12,564,900 |
|
|
BNP Paribas S.A. |
|
|
12/12/17 |
|
|
|
112,625 |
|
GBP |
|
|
1,195,000 |
|
|
SEK |
|
|
12,703,898 |
|
|
Barclays Bank PLC |
|
|
12/12/17 |
|
|
|
98,136 |
|
NZD |
|
|
2,257,780 |
|
|
AUD |
|
|
2,040,000 |
|
|
BNP Paribas S.A. |
|
|
12/12/17 |
|
|
|
24 |
|
NZD |
|
|
2,292,720 |
|
|
AUD |
|
|
2,070,000 |
|
|
BNP Paribas S.A. |
|
|
12/12/17 |
|
|
|
1,211 |
|
NZD |
|
|
2,308,932 |
|
|
AUD |
|
|
2,070,000 |
|
|
Citibank N.A. |
|
|
12/12/17 |
|
|
|
12,291 |
|
NZD |
|
|
2,140,000 |
|
|
NOK |
|
|
12,013,409 |
|
|
BNP Paribas S.A. |
|
|
12/12/17 |
|
|
|
18,189 |
|
USD |
|
|
3,155,000 |
|
|
CHF |
|
|
2,963,195 |
|
|
State Street Bank and Trust Co. |
|
|
12/12/17 |
|
|
|
141,258 |
|
SEK |
|
|
13,283,429 |
|
|
NOK |
|
|
12,920,000 |
|
|
Barclays Bank PLC |
|
|
12/15/17 |
|
|
|
34,581 |
|
SEK |
|
|
13,298,879 |
|
|
NOK |
|
|
12,920,000 |
|
|
Deutsche Bank AG |
|
|
12/15/17 |
|
|
|
36,428 |
|
USD |
|
|
1,585,590 |
|
|
NZD |
|
|
2,295,000 |
|
|
Deutsche Bank AG |
|
|
12/15/17 |
|
|
|
17,230 |
|
USD |
|
|
591,347 |
|
|
MXN |
|
|
11,016,366 |
|
|
Goldman Sachs International |
|
|
12/29/17 |
|
|
|
2,804 |
|
USD |
|
|
77,553 |
|
|
EUR |
|
|
65,000 |
|
|
HSBC Bank PLC |
|
|
01/04/18 |
|
|
|
12 |
|
USD |
|
|
5,242,600 |
|
|
EUR |
|
|
4,394,000 |
|
|
HSBC Bank PLC |
|
|
01/04/18 |
|
|
|
780 |
|
USD |
|
|
14,270,992 |
|
|
EUR |
|
|
11,961,000 |
|
|
HSBC Bank PLC |
|
|
01/04/18 |
|
|
|
2,123 |
|
USD |
|
|
161,408 |
|
|
NZD |
|
|
236,000 |
|
|
Bank of America N.A. |
|
|
01/04/18 |
|
|
|
175 |
|
EUR |
|
|
592,152 |
|
|
USD |
|
|
707,020 |
|
|
National Australia Bank Ltd. |
|
|
02/21/18 |
|
|
|
1,376 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
948,527 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SCHEDULES OF INVESTMENTS |
|
|
61 |
|
|
|
|
Schedule of Investments (unaudited) (continued)
November 30, 2017 |
|
BlackRock Limited Duration Income Trust (BLW) |
Forward Foreign Currency Exchange Contracts (continued)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Currency Purchased |
|
|
Currency Sold |
|
|
Counterparty |
|
Settlement Date |
|
|
Unrealized Appreciation (Depreciation) |
|
EUR |
|
|
1,365,000 |
|
|
GBP |
|
|
1,203,204 |
|
|
Goldman Sachs International |
|
|
12/01/17 |
|
|
$ |
(2,524 |
) |
NOK |
|
|
2,826,779 |
|
|
GBP |
|
|
270,000 |
|
|
BNP Paribas S.A. |
|
|
12/01/17 |
|
|
|
(25,369 |
) |
NOK |
|
|
12,464,735 |
|
|
GBP |
|
|
1,215,000 |
|
|
Barclays Bank PLC |
|
|
12/01/17 |
|
|
|
(144,902 |
) |
NOK |
|
|
10,149,500 |
|
|
GBP |
|
|
955,000 |
|
|
Credit Suisse International |
|
|
12/01/17 |
|
|
|
(71,570 |
) |
SEK |
|
|
26,759,460 |
|
|
EUR |
|
|
2,740,000 |
|
|
Citibank N.A. |
|
|
12/01/17 |
|
|
|
(64,578 |
) |
USD |
|
|
75,754 |
|
|
EUR |
|
|
65,000 |
|
|
UBS AG |
|
|
12/05/17 |
|
|
|
(1,616 |
) |
USD |
|
|
5,120,970 |
|
|
EUR |
|
|
4,394,000 |
|
|
UBS AG |
|
|
12/05/17 |
|
|
|
(109,250 |
) |
USD |
|
|
13,900,274 |
|
|
EUR |
|
|
11,927,000 |
|
|
UBS AG |
|
|
12/05/17 |
|
|
|
(296,546 |
) |
USD |
|
|
380,491 |
|
|
GBP |
|
|
287,000 |
|
|
Bank of America N.A. |
|
|
12/05/17 |
|
|
|
(7,658 |
) |
USD |
|
|
2,308,132 |
|
|
GBP |
|
|
1,741,000 |
|
|
Bank of America N.A. |
|
|
12/05/17 |
|
|
|
(46,454 |
) |
USD |
|
|
12,196,909 |
|
|
GBP |
|
|
9,200,000 |
|
|
Bank of America N.A. |
|
|
12/05/17 |
|
|
|
(245,477 |
) |
USD |
|
|
26,674 |
|
|
GBP |
|
|
20,000 |
|
|
UBS AG |
|
|
12/05/17 |
|
|
|
(375 |
) |
USD |
|
|
571,878 |
|
|
MXN |
|
|
10,907,000 |
|
|
HSBC Bank PLC |
|
|
12/05/17 |
|
|
|
(13,306 |
) |
AUD |
|
|
1,970,000 |
|
|
CAD |
|
|
1,926,248 |
|
|
Citibank N.A. |
|
|
12/12/17 |
|
|
|
(3,259 |
) |
AUD |
|
|
2,050,000 |
|
|
SEK |
|
|
13,043,803 |
|
|
BNP Paribas S.A. |
|
|
12/12/17 |
|
|
|
(8,431 |
) |
CAD |
|
|
1,987,901 |
|
|
USD |
|
|
1,560,000 |
|
|
BNP Paribas S.A. |
|
|
12/12/17 |
|
|
|
(18,924 |
) |
CHF |
|
|
1,516,788 |
|
|
USD |
|
|
1,560,000 |
|
|
Bank of America N.A. |
|
|
12/12/17 |
|
|
|
(17,338 |
) |
EUR |
|
|
1,310,000 |
|
|
GBP |
|
|
1,156,742 |
|
|
Citibank N.A. |
|
|
12/12/17 |
|
|
|
(4,820 |
) |
EUR |
|
|
1,310,000 |
|
|
JPY |
|
|
175,555,929 |
|
|
Barclays Bank PLC |
|
|
12/12/17 |
|
|
|
(493 |
) |
JPY |
|
|
184,589,628 |
|
|
EUR |
|
|
1,380,000 |
|
|
BNP Paribas S.A. |
|
|
12/12/17 |
|
|
|
(2,566 |
) |
NOK |
|
|
12,640,840 |
|
|
EUR |
|
|
1,340,000 |
|
|
BNP Paribas S.A. |
|
|
12/12/17 |
|
|
|
(75,882 |
) |
NOK |
|
|
12,659,386 |
|
|
EUR |
|
|
1,350,000 |
|
|
BNP Paribas S.A. |
|
|
12/12/17 |
|
|
|
(85,560 |
) |
NOK |
|
|
12,273,822 |
|
|
GBP |
|
|
1,200,000 |
|
|
Morgan Stanley & Co. International PLC |
|
|
12/12/17 |
|
|
|
(147,620 |
) |
NOK |
|
|
12,013,275 |
|
|
NZD |
|
|
2,140,000 |
|
|
Credit Suisse International |
|
|
12/12/17 |
|
|
|
(18,205 |
) |
NOK |
|
|
24,473,888 |
|
|
NZD |
|
|
4,360,000 |
|
|
The Toronto-Dominion Bank |
|
|
12/12/17 |
|
|
|
(37,302 |
) |
NOK |
|
|
12,900,000 |
|
|
SEK |
|
|
13,184,213 |
|
|
BNP Paribas S.A. |
|
|
12/12/17 |
|
|
|
(24,844 |
) |
NOK |
|
|
12,880,000 |
|
|
SEK |
|
|
13,154,505 |
|
|
Goldman Sachs International |
|
|
12/12/17 |
|
|
|
(23,698 |
) |
NZD |
|
|
4,360,000 |
|
|
NOK |
|
|
24,885,398 |
|
|
Credit Suisse International |
|
|
12/12/17 |
|
|
|
(12,172 |
) |
SEK |
|
|
12,825,606 |
|
|
AUD |
|
|
2,050,000 |
|
|
BNP Paribas S.A. |
|
|
12/12/17 |
|
|
|
(17,647 |
) |
SEK |
|
|
26,617,965 |
|
|
CHF |
|
|
3,170,000 |
|
|
BNP Paribas S.A. |
|
|
12/12/17 |
|
|
|
(42,764 |
) |
SEK |
|
|
27,117,221 |
|
|
EUR |
|
|
2,740,000 |
|
|
Barclays Bank PLC |
|
|
12/12/17 |
|
|
|
(21,714 |
) |
SEK |
|
|
12,758,087 |
|
|
GBP |
|
|
1,220,000 |
|
|
Goldman Sachs International |
|
|
12/12/17 |
|
|
|
(125,477 |
) |
USD |
|
|
1,570,000 |
|
|
CHF |
|
|
1,545,921 |
|
|
Goldman Sachs International |
|
|
12/12/17 |
|
|
|
(2,291 |
) |
CAD |
|
|
1,926,870 |
|
|
NZD |
|
|
2,200,000 |
|
|
Goldman Sachs International |
|
|
12/15/17 |
|
|
|
(9,594 |
) |
NOK |
|
|
12,920,000 |
|
|
SEK |
|
|
13,190,192 |
|
|
Citibank N.A. |
|
|
12/15/17 |
|
|
|
(23,434 |
) |
NOK |
|
|
25,665,000 |
|
|
SEK |
|
|
26,126,072 |
|
|
Citibank N.A. |
|
|
12/15/17 |
|
|
|
(37,507 |
) |
NOK |
|
|
12,920,000 |
|
|
SEK |
|
|
13,194,679 |
|
|
Deutsche Bank AG |
|
|
12/15/17 |
|
|
|
(23,971 |
) |
NZD |
|
|
2,200,000 |
|
|
CAD |
|
|
1,976,018 |
|
|
Goldman Sachs International |
|
|
12/15/17 |
|
|
|
(28,509 |
) |
NZD |
|
|
2,310,000 |
|
|
USD |
|
|
1,582,325 |
|
|
Deutsche Bank AG |
|
|
12/15/17 |
|
|
|
(3,713 |
) |
MXN |
|
|
11,016,366 |
|
|
USD |
|
|
589,337 |
|
|
Goldman Sachs International |
|
|
12/29/17 |
|
|
|
(793 |
) |
USD |
|
|
2,373,576 |
|
|
GBP |
|
|
1,756,000 |
|
|
JPMorgan Chase Bank N.A. |
|
|
01/04/18 |
|
|
|
(4,470 |
) |
USD |
|
|
12,384,039 |
|
|
GBP |
|
|
9,170,000 |
|
|
Royal Bank of Scotland PLC |
|
|
01/04/18 |
|
|
|
(34,345 |
) |
USD |
|
|
138,934 |
|
|
EUR |
|
|
119,143 |
|
|
Bank of America N.A. |
|
|
01/30/18 |
|
|
|
(3,414 |
) |
USD |
|
|
148,718 |
|
|
EUR |
|
|
137,859 |
|
|
Citibank N.A. |
|
|
02/21/18 |
|
|
|
(16,204 |
) |
USD |
|
|
245,034 |
|
|
EUR |
|
|
227,918 |
|
|
Deutsche Bank AG |
|
|
02/21/18 |
|
|
|
(27,626 |
) |
USD |
|
|
243,365 |
|
|
EUR |
|
|
226,375 |
|
|
Morgan Stanley & Co. International PLC |
|
|
02/21/18 |
|
|
|
(27,449 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1,961,661 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Unrealized Depreciation |
|
|
$ |
(1,013,134 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
62 |
|
2017 BLACKROCK QUARTERLY REPORT TO SHAREHOLDERS |
|
|
|
Schedule of Investments (unaudited) (continued)
November 30, 2017 |
|
BlackRock Limited Duration Income Trust (BLW) |
Exchange-Traded Options Purchased
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Description |
|
Number of Contracts |
|
|
Expiration Date |
|
Exercise
Price |
|
|
Notional Amount (000) |
|
|
Value |
|
Call |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. 10 Year Note |
|
|
5 |
|
|
12/22/17 |
|
|
USD 125.50 |
|
|
$ |
620 |
|
|
$ |
313 |
|
OTC Interest Rate Swaptions Purchased
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expiration |
|
Exercise |
|
|
Received by
the Fund |
|
Paid by the Fund |
|
|
Notional |
|
|
|
|
Description |
|
Counterparty |
|
Date |
|
Rate |
|
|
Rate |
|
Frequency |
|
Rate |
|
|
Frequency |
|
|
Amount (000) |
|
|
Value |
|
Put |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10-Year Interest Rate Swap, 3/02/28 |
|
JPMorgan Chase Bank N.A. |
|
02/28/18 |
|
|
2.52 |
% |
|
3-Month LIBOR |
|
Quarterly |
|
|
2.52 |
|
|
|
Semi-annual |
|
|
USD |
|
|
1,500 |
|
|
$ |
9,818 |
|
10-Year Interest Rate Swap, 3/02/28 |
|
JPMorgan Chase Bank N.A. |
|
02/28/18 |
|
|
2.62 |
|
|
3-Month LIBOR |
|
Quarterly |
|
|
2.62 |
|
|
|
Semi-annual |
|
|
USD |
|
|
500 |
|
|
|
1,934 |
|
10-Year Interest Rate Swap, 3/02/28 |
|
JPMorgan Chase Bank N.A. |
|
02/28/18 |
|
|
2.65 |
|
|
3-Month LIBOR |
|
Quarterly |
|
|
2.65 |
|
|
|
Semi-annual |
|
|
USD |
|
|
400 |
|
|
|
1,313 |
|
10-Year Interest Rate Swap, 04/27/18 |
|
JPMorgan Chase Bank N.A. |
|
04/16/18 |
|
|
2.75 |
|
|
3-Month LIBOR |
|
Quarterly |
|
|
2.75 |
|
|
|
Semi-annual |
|
|
USD |
|
|
1,925 |
|
|
|
7,233 |
|
10-Year Interest Rate Swap, 04/27/18 |
|
JPMorgan Chase Bank N.A. |
|
04/16/18 |
|
|
2.75 |
|
|
3-Month LIBOR |
|
Quarterly |
|
|
2.75 |
|
|
|
Semi-annual |
|
|
USD |
|
|
600 |
|
|
|
2,254 |
|
10-Year Interest Rate Swap, 4/27/28 |
|
JPMorgan Chase Bank N.A. |
|
04/25/18 |
|
|
2.65 |
|
|
3-Month LIBOR |
|
Quarterly |
|
|
2.65 |
|
|
|
Semi-annual |
|
|
USD |
|
|
675 |
|
|
|
4,177 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
26,729 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OTC Options Purchased
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Description |
|
Counterparty |
|
Number of Contracts |
|
|
Expiration Date |
|
|
Exercise Price |
|
|
Notional Amount (000) |
|
|
Value |
|
Call |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CAD Currency |
|
JPMorgan Chase Bank N.A. |
|
|
|
|
|
|
12/13/17 |
|
|
|
CHF |
|
|
|
0.78 |
|
|
|
CAD |
|
|
|
15,925 |
|
|
$ |
2,975 |
|
EUR Currency |
|
Barclays Bank PLC |
|
|
|
|
|
|
12/13/17 |
|
|
|
JPY |
|
|
|
135.50 |
|
|
|
EUR |
|
|
|
10,780 |
|
|
|
25,200 |
|
GBP Currency |
|
Deutsche Bank AG |
|
|
|
|
|
|
12/13/17 |
|
|
|
AUD |
|
|
|
1.74 |
|
|
|
GBP |
|
|
|
9,525 |
|
|
|
354,180 |
|
NOK Currency |
|
Citibank N.A. |
|
|
|
|
|
|
12/13/17 |
|
|
|
SEK |
|
|
|
1.04 |
|
|
|
NOK |
|
|
|
101,645 |
|
|
|
696 |
|
NZD Currency |
|
Barclays Bank PLC |
|
|
|
|
|
|
12/13/17 |
|
|
|
JPY |
|
|
|
79.00 |
|
|
|
NZD |
|
|
|
18,395 |
|
|
|
3,307 |
|
USD Currency |
|
Bank of America N.A. |
|
|
|
|
|
|
12/13/17 |
|
|
|
CHF |
|
|
|
1.02 |
|
|
|
USD |
|
|
|
12,705 |
|
|
|
343 |
|
Marsico Parent Superholdco LLC |
|
Goldman Sachs & Co. |
|
|
46 |
|
|
|
12/14/19 |
|
|
|
USD |
|
|
|
942.86 |
|
|
|
USD |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
386,701 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Put |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AUD Currency |
|
Credit Suisse International |
|
|
|
|
|
|
12/13/17 |
|
|
|
USD |
|
|
|
0.75 |
|
|
|
AUD |
|
|
|
16,530 |
|
|
|
17,367 |
|
AUD Currency |
|
Morgan Stanley & Co. International PLC |
|
|
|
|
|
|
12/13/17 |
|
|
|
NZD |
|
|
|
1.09 |
|
|
|
AUD |
|
|
|
12,060 |
|
|
|
4,616 |
|
CHF Currency |
|
Goldman Sachs International |
|
|
|
|
|
|
12/13/17 |
|
|
|
NOK |
|
|
|
8.30 |
|
|
|
CHF |
|
|
|
12,365 |
|
|
|
16,340 |
|
NZD Currency |
|
Deutsche Bank AG |
|
|
|
|
|
|
12/13/17 |
|
|
|
USD |
|
|
|
0.67 |
|
|
|
NZD |
|
|
|
17,385 |
|
|
|
13,629 |
|
NZD Currency |
|
Goldman Sachs International |
|
|
|
|
|
|
12/13/17 |
|
|
|
CAD |
|
|
|
0.85 |
|
|
|
NZD |
|
|
|
17,615 |
|
|
|
831 |
|
USD Currency |
|
Deutsche Bank AG |
|
|
|
|
|
|
12/13/17 |
|
|
|
JPY |
|
|
|
107.00 |
|
|
|
USD |
|
|
|
12,595 |
|
|
|
466 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
53,249 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
439,950 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SCHEDULES OF INVESTMENTS |
|
|
63 |
|
|
|
|
Schedule of Investments (unaudited) (continued)
November 30, 2017 |
|
BlackRock Limited Duration Income Trust (BLW) |
OTC Options Written
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Description |
|
Counterparty |
|
Expiration Date |
|
|
Exercise
Price |
|
|
Notional Amount (000) |
|
|
Value |
|
Call |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AUD Currency |
|
Morgan Stanley & Co. International PLC |
|
|
12/13/17 |
|
|
|
NZD |
|
|
|
1.15 |
|
|
|
AUD |
|
|
|
12,060 |
|
|
$ |
(55 |
) |
CAD Currency |
|
JPMorgan Chase Bank N.A. |
|
|
12/13/17 |
|
|
|
CHF |
|
|
|
0.79 |
|
|
|
CAD |
|
|
|
31,855 |
|
|
|
(1,160 |
) |
CHF Currency |
|
Goldman Sachs International |
|
|
12/13/17 |
|
|
|
NOK |
|
|
|
8.50 |
|
|
|
CHF |
|
|
|
6,185 |
|
|
|
(36,069 |
) |
EUR Currency |
|
Barclays Bank PLC |
|
|
12/13/17 |
|
|
|
JPY |
|
|
|
137.50 |
|
|
|
EUR |
|
|
|
21,565 |
|
|
|
(8,958 |
) |
GBP Currency |
|
Deutsche Bank AG |
|
|
12/13/17 |
|
|
|
AUD |
|
|
|
1.77 |
|
|
|
GBP |
|
|
|
19,055 |
|
|
|
(344,648 |
) |
NZD Currency |
|
Barclays Bank PLC |
|
|
12/13/17 |
|
|
|
JPY |
|
|
|
80.00 |
|
|
|
NZD |
|
|
|
36,795 |
|
|
|
(880 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(391,770 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Put |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CHF Currency |
|
Goldman Sachs International |
|
|
12/13/17 |
|
|
|
NOK |
|
|
|
8.20 |
|
|
|
CHF |
|
|
|
24,735 |
|
|
|
(9,731 |
) |
NZD Currency |
|
Deutsche Bank AG |
|
|
12/13/17 |
|
|
|
CHF |
|
|
|
0.67 |
|
|
|
NZD |
|
|
|
18,240 |
|
|
|
(34,397 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(44,128 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
(435,898 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Centrally Cleared Credit Default Swaps Sell Protection
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reference Obligation/Index |
|
Financing Rate Received by the Fund |
|
|
Payment Frequency |
|
|
Termination Date |
|
|
Credit Rating (a) |
|
|
Notional Amount (000)
(b) |
|
|
Value |
|
|
Upfront Premium Paid (Received) |
|
|
Unrealized Appreciation (Depreciation) |
|
Chesapeake Energy Corp. |
|
|
5.00 |
% |
|
|
Quarterly |
|
|
|
12/20/21 |
|
|
|
CCC |
|
|
|
USD |
|
|
|
75 |
|
|
$ |
(2,579 |
) |
|
$ |
(2,539 |
) |
|
$ |
(40 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(a) |
Using S&P/Standard & Poors (S&Ps) rating of the issuer or the underlying securities of the index, as applicable. |
|
|
(b) |
The maximum potential amount the Fund may pay should a negative credit event take place as defined under the terms of the agreement. |
|
Centrally Cleared Interest Rate Swaps
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Paid by the Fund |
|
Received by the Fund |
|
Effective Date |
|
|
Termination Date |
|
|
Notional Amount (000) |
|
|
Value |
|
|
Upfront Premium Paid (Received) |
|
|
Unrealized Appreciation (Depreciation) |
|
Rate |
|
Frequency |
|
Rate |
|
Frequency |
|
|
|
|
|
|
3-Month LIBOR |
|
Quarterly |
|
2.54% |
|
Semi-annual |
|
|
|
|
|
|
09/04/24 |
|
|
USD |
|
|
18,700 |
|
|
$ |
310,295 |
|
|
$ |
213 |
|
|
$ |
310,082 |
|
2.60% |
|
Semi-annual |
|
3-Month LIBOR |
|
Quarterly |
|
|
|
|
|
|
09/04/24 |
|
|
USD |
|
|
18,700 |
|
|
|
(376,385 |
) |
|
|
(65,925 |
) |
|
|
(310,460 |
) |
2.24% |
|
Semi-annual |
|
3-Month LIBOR |
|
Quarterly |
|
|
|
|
|
|
08/09/27 |
|
|
USD |
|
|
17,400 |
|
|
|
230,344 |
|
|
|
267 |
|
|
|
230,077 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
164,254 |
|
|
$ |
(65,445 |
) |
|
$ |
229,699 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OTC Credit Default Swaps Buy Protection
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reference Obligation/Index |
|
Financing Rate Paid by the Fund |
|
|
Payment Frequency |
|
|
Counterparty |
|
Termination Date |
|
|
Notional Amount (000) |
|
|
Value |
|
|
Upfront Premium Paid (Received) |
|
|
Unrealized Appreciation (Depreciation) |
|
CenturyLink, Inc. |
|
|
1.00 |
% |
|
|
Quarterly |
|
|
JPMorgan Chase Bank N.A. |
|
|
12/20/22 |
|
|
USD |
|
|
388 |
|
|
$ |
73,267 |
|
|
$ |
51,542 |
|
|
$ |
21,725 |
|
CenturyLink, Inc. |
|
|
1.00 |
|
|
|
Quarterly |
|
|
Goldman Sachs Bank USA |
|
|
12/20/22 |
|
|
USD |
|
|
397 |
|
|
|
74,966 |
|
|
|
54,120 |
|
|
|
20,846 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
148,233 |
|
|
$ |
105,662 |
|
|
$ |
42,571 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
64 |
|
2017 BLACKROCK QUARTERLY REPORT TO SHAREHOLDERS |
|
|
|
Schedule of Investments (unaudited) (continued)
November 30, 2017 |
|
BlackRock Limited Duration Income Trust (BLW) |
OTC Credit Default Swaps Sell Protection
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reference Obligation/Index |
|
Financing Rate Received by the Fund |
|
|
Payment Frequency |
|
|
Counterparty |
|
Termination Date |
|
|
Credit Rating (a) |
|
Notional Amount (000) (b) |
|
|
Value |
|
|
Upfront Premium Paid (Received) |
|
|
Unrealized Appreciation (Depreciation) |
|
Jaguar Land Rover Automotive PLC |
|
|
5.00 |
% |
|
|
Quarterly |
|
|
Credit Suisse International |
|
|
06/20/22 |
|
|
BB+ |
|
|
EUR |
|
|
|
20 |
|
|
$ |
4,143 |
|
|
$ |
3,604 |
|
|
$ |
539 |
|
Jaguar Land Rover Automotive PLC |
|
|
5.00 |
|
|
|
Quarterly |
|
|
Barclays Bank PLC |
|
|
06/20/22 |
|
|
BB+ |
|
|
EUR |
|
|
|
20 |
|
|
|
4,143 |
|
|
|
3,578 |
|
|
|
565 |
|
Markit CMBX North America, Series 8 |
|
|
3.00 |
|
|
|
Monthly |
|
|
Barclays Bank PLC |
|
|
10/17/57 |
|
|
BBB- |
|
|
USD |
|
|
|
5,000 |
|
|
|
(776,511 |
) |
|
|
(519,768 |
) |
|
|
(256,743 |
) |
Markit CMBX North America, Series 8 |
|
|
3.00 |
|
|
|
Monthly |
|
|
Credit Suisse International |
|
|
10/17/57 |
|
|
BBB- |
|
|
USD |
|
|
|
2,500 |
|
|
|
(388,255 |
) |
|
|
(256,815 |
) |
|
|
(131,441 |
) |
Markit CMBX North America, Series 8 |
|
|
3.00 |
|
|
|
Monthly |
|
|
Morgan Stanley & Co. International PLC |
|
|
10/17/57 |
|
|
BBB- |
|
|
USD |
|
|
|
4,450 |
|
|
|
(690,724 |
) |
|
|
(608,971 |
) |
|
|
(81,753 |
) |
Markit CMBX North America, Series 9 |
|
|
3.00 |
|
|
|
Monthly |
|
|
Morgan Stanley & Co. International PLC |
|
|
09/17/58 |
|
|
BBB- |
|
|
USD |
|
|
|
7,550 |
|
|
|
(831,216 |
) |
|
|
(954,827 |
) |
|
|
123,611 |
|
Markit CMBX North America, Series 9 |
|
|
3.00 |
|
|
|
Monthly |
|
|
Credit Suisse International |
|
|
09/17/58 |
|
|
BBB- |
|
|
USD |
|
|
|
5,000 |
|
|
|
(550,474 |
) |
|
|
(555,079 |
) |
|
|
4,605 |
|
Markit CMBX North America, Series 9 |
|
|
3.00 |
|
|
|
Monthly |
|
|
Credit Suisse International |
|
|
09/17/58 |
|
|
BBB- |
|
|
USD |
|
|
|
5,000 |
|
|
|
(550,474 |
) |
|
|
(555,079 |
) |
|
|
4,604 |
|
Markit CMBX North America, Series 9 |
|
|
3.00 |
|
|
|
Monthly |
|
|
Credit Suisse International |
|
|
09/17/58 |
|
|
BBB- |
|
|
USD |
|
|
|
5,000 |
|
|
|
(550,474 |
) |
|
|
(549,016 |
) |
|
|
(1,458 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
(4,329,842 |
) |
|
$ |
(3,992,373 |
) |
|
$ |
(337,471 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(a) |
Using S&Ps rating of the issuer or the underlying securities of the index, as applicable. |
|
(b) |
The maximum potential amount the Fund may pay should a negative credit event take place as defined under the terms of the agreement. |
|
|
|
|
|
|
SCHEDULES OF INVESTMENTS |
|
|
65 |
|
|
|
|
Schedule of Investments (unaudited) (continued)
November 30, 2017 |
|
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 marketcorroborated inputs) |
|
|
|
Level 3 Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Funds 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 Funds 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 Funds
policy regarding valuation of investments and derivative financial instruments, refer to the Funds most recent financial statements as contained in its annual report.
The following tables summarize the Funds 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 |
|
$ |
|
|
|
$ |
82,626,945 |
|
|
$ |
3,689,929 |
|
|
$ |
86,316,874 |
|
Common Stocks(a) |
|
|
114,246 |
|
|
|
34,432 |
|
|
|
1,044,300 |
|
|
|
1,192,978 |
|
Corporate Bonds |
|
|
|
|
|
|
395,207,268 |
|
|
|
1,163,484 |
|
|
|
396,370,752 |
|
Floating Rate Loan Interests |
|
|
|
|
|
|
233,104,390 |
|
|
|
9,394,175 |
|
|
|
242,498,565 |
|
Foreign Agency Obligations |
|
|
|
|
|
|
26,286,119 |
|
|
|
|
|
|
|
26,286,119 |
|
Investment Companies |
|
|
3,442,800 |
|
|
|
|
|
|
|
|
|
|
|
3,442,800 |
|
Non-Agency Mortgage-Backed Securities |
|
|
|
|
|
|
45,290,831 |
|
|
|
|
|
|
|
45,290,831 |
|
Other Interests |
|
|
|
|
|
|
|
|
|
|
10 |
|
|
|
10 |
|
Preferred Securities |
|
|
14,015,544 |
|
|
|
56,796,858 |
|
|
|
|
|
|
|
70,812,402 |
|
Rights |
|
|
|
|
|
|
|
|
|
|
17,055 |
|
|
|
17,055 |
|
U.S. Government Sponsored Agency Securities |
|
|
|
|
|
|
9,817,555 |
|
|
|
|
|
|
|
9,817,555 |
|
U.S. Treasury Obligations |
|
|
|
|
|
|
2,990,875 |
|
|
|
|
|
|
|
2,990,875 |
|
Warrants |
|
|
|
|
|
|
|
|
|
|
79 |
|
|
|
79 |
|
Short-Term Securities |
|
|
5,167,843 |
|
|
|
|
|
|
|
|
|
|
|
5,167,843 |
|
|
|
|
66 |
|
2017 BLACKROCK QUARTERLY REPORT TO SHAREHOLDERS |
|
|
|
Schedule of Investments (unaudited) (continued)
November 30, 2017 |
|
BlackRock Limited Duration Income Trust (BLW) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
Total |
|
Options Purchased: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Foreign Currency Exchange |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contracts |
|
|
|
|
|
|
439,950 |
|
|
|
|
|
|
|
439,950 |
|
Interest rate contracts |
|
|
313 |
|
|
|
26,729 |
|
|
|
|
|
|
|
27,042 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subtotal |
|
$ |
22,740,746 |
|
|
$ |
852,621,952 |
|
|
$ |
15,309,032 |
|
|
$ |
890,671,730 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments Valued at NAV(b) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
117,026 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
890,788,756 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
Total |
|
Derivative Financial Instruments(c) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Foreign currency exchange contracts |
|
$ |
|
|
|
$ |
948,527 |
|
|
$ |
|
|
|
$ |
948,527 |
|
Credit contracts |
|
|
|
|
|
|
176,495 |
|
|
|
|
|
|
|
176,495 |
|
Interest rate contracts |
|
|
371,056 |
|
|
|
540,159 |
|
|
|
|
|
|
|
911,215 |
|
Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Foreign currency exchange contracts |
|
|
|
|
|
|
(2,397,559 |
) |
|
|
|
|
|
|
(2,397,559 |
) |
Credit contracts |
|
|
|
|
|
|
(471,435 |
) |
|
|
|
|
|
|
(471,435 |
) |
Interest rate contracts |
|
|
(17,953 |
) |
|
|
(310,460 |
) |
|
|
|
|
|
|
(328,413 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
$ |
353,103 |
|
|
$ |
(1,514,273 |
) |
|
$ |
|
|
|
$ |
(1,161,170 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(a) |
See above Schedule of Investments for values in each industry. |
|
|
(b) |
As of November 30, 2017, certain of the Funds Investments were fair valued using net asset value(NAV) per share and have been excluded from the fair value hierarchy. |
|
|
(c) |
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 $247,992,645 are categorized as Level 2 within the disclosure hierarchy.
During the period ended November 30, 2017, there were no transfers between levels.
|
|
|
|
|
SCHEDULES OF INVESTMENTS |
|
|
67 |
|
|
|
|
Schedule of Investments (unaudited) (continued)
November 30, 2017 |
|
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 year 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 |
|
|
Unfunded
Floating Rate Loan
Interests |
|
|
Total |
|
Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Opening balance, as of August 31, 2017 |
|
$ |
2,211,493 |
|
|
$ |
749,053 |
|
|
$ |
1,163,602 |
|
|
$ |
9,460,693 |
|
|
$ |
10 |
|
|
$ |
19,050 |
|
|
$ |
217 |
|
|
$ |
755 |
|
|
$ |
13,604,873 |
|
Transfers into Level 3(a) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,047,763 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,047,763 |
|
Transfers out of Level 3(b) |
|
|
(250,000 |
) |
|
|
|
|
|
|
|
|
|
|
(3,637,133 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(3,887,133 |
) |
Accrued discounts/premiums |
|
|
(15,394 |
) |
|
|
|
|
|
|
|
|
|
|
6,482 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(8,912 |
) |
Net realized gain (loss) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
49,089 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(755 |
) |
|
|
48,334 |
|
Net change in unrealized
Appreciation (depreciation)(c) |
|
|
17,580 |
|
|
|
295,247 |
|
|
|
(118 |
) |
|
|
(15,038 |
) |
|
|
|
|
|
|
(1,995 |
) |
|
|
(138 |
) |
|
|
|
|
|
|
295,538 |
|
Purchases |
|
|
1,726,250 |
|
|
|
|
|
|
|
|
|
|
|
2,502,604 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,228,854 |
|
Sales |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(2,020,285 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(2,020,285 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Closing balance, as of November 30, 2017 |
|
$ |
3,689,929 |
|
|
$ |
1,044,300 |
|
|
$ |
1,163,484 |
|
|
$ |
9,394,175 |
|
|
$ |
10 |
|
|
$ |
17,055 |
|
|
$ |
79 |
|
|
|
|
|
|
$ |
15,309,032 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net change in unrealized appreciation (depreciation) on investments still held at November 30, 2017(c) |
|
$ |
17,580 |
|
|
$ |
295,247 |
|
|
$ |
(118 |
) |
|
$ |
1,843 |
|
|
|
|
|
|
$ |
(1,995 |
) |
|
$ |
(138 |
) |
|
|
|
|
|
$ |
312,420 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(a) |
As of August 31, 2017, the Fund used observable inputs in determining the value of certain investments. As of November 30, 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. |
|
|
(b) |
As of August 31, 2017, the Fund used significant unobservable inputs in determining the value of certain investments. As of November 30, 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. |
|
|
(c) |
Any difference between net change in unrealized appreciation (depreciation) and net change in unrealized appreciation (depreciation) on investments still held at November 30, 2017 is generally due to investments no
longer held or categorized as Level 3 at period end. |
|
The Funds 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.
|
|
|
68 |
|
2017 BLACKROCK QUARTERLY REPORT TO SHAREHOLDERS |
Item 2 Controls and Procedures
2(a) |
The registrants principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrants 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 registrants internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the
registrants last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrants 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: January 22, 2018
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below
by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
|
|
|
|
|
|
|
|
|
By: |
|
/s/ John M. Perlowski |
|
|
|
|
|
|
John M. Perlowski |
|
|
|
|
|
|
Chief Executive Officer (principal executive officer) of |
|
|
|
|
|
|
BlackRock Limited Duration Income Trust |
|
|
Date: January 22, 2018
|
|
|
|
|
|
|
|
|
By: |
|
/s/ Neal J. Andrews |
|
|
|
|
|
|
Neal J. Andrews |
|
|
|
|
|
|
Chief Financial Officer (principal financial officer) of |
|
|
|
|
|
|
BlackRock Limited Duration Income Trust |
|
|
Date: January 22, 2018