Edgar Filing: BLACKROCK LTD DURATION INCOME TRUST

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-21349

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

Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809

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

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

Date of fiscal year end: 08/31/2013

Date of reporting period: 05/31/2013

Item 1 – Schedule of Investments

Consolidated Schedule of Investments May 31, 2013 (Unaudited)

BlackRock Limited Duration Income Trust (BLW)

(Percentages shown are based on Net Assets)

Asset-Backed Securities				Par (000)			Value

321 Henderson Receivables I LLC (a):
	Series 2010-2A, Class A, 4.07%, 1/15/48	USD			1,406	$		1,543,499
	Series 2010-3A, Class A, 3.82%, 12/15/48		4,009					4,287,671
ACAS CLO Ltd. (a)(b):
	Series 2012-1A, Class D, 5.13%, 9/20/23		1,750					1,763,125
	Series 2013-1A, Class D, 4.09%, 4/20/25		750					723,750
Adirondack Park CLO Ltd., Series 2013-1A, Class D, 3.93%, 4/15/24 (a)(b)			1,750					1,707,125
ALM Loan Funding Ltd., Series 2010-3AR, Class D, 4.52%, 11/20/20 (a)(b)			4,000					4,000,000
Apidos CDO XI, Series 2012-11A, Class D, 4.74%, 1/17/23 (a)(b)			1,000					996,500
Atrium CDO Corp., Series 9A, Class D, 3.96%, 2/28/24 (a)(b)			750					718,597
Capital One Multi-Asset Execution Trust, Series 4-3C, 6.63%, 4/19/17		GBP			2,650			4,186,529
Carlyle Global Market Strategies, Series 2013-1A, Class C, 4.29%, 2/14/25 (a)(b)		USD			250			250,098
CarMax Auto Owner Trust, Series 2012-3, Class D, 2.29%, 4/15/19			2,530					2,513,249
Cavalry CLO Ltd., Series 2A, Class D, 4.38%, 1/17/24 (a)(b)			500					490,000
Central Park CLO Ltd., Series 2011-1A, Class D, 3.48%, 7/23/22 (a)(b)			500					491,250
Conseco Financial Corp., Series 1995-5, Class M1, 7.65%, 9/15/26 (b)			134					134,710
Countrywide Asset-Backed Certificates (b):
	Series 2007-12, Class 2A1, 0.54%, 8/25/47		341					338,883
	Series 2007-7, Class 2A2, 0.35%, 10/25/47		2,370					2,320,861
CSAM Funding, Series 2A, Class B1, 7.05%, 10/15/16 (a)			750					750,000
ECP CLO Ltd., Series 2013-5A, Class C, 3.82%, 1/20/25 (a)(b)			1,500					1,419,510
Fraser Sullivan CLO VII Ltd., Series 2012-7A, Class C, 4.28%, 4/20/23 (a)(b)			1,090					1,089,989
Goldentree Loan Opportunities VI Ltd., Series 2012-6A, Class D, 4.48%, 4/17/22 (a)(b)			1,500					1,500,300
GSAA Trust, Series 2007-3, Class 1A2, 0.36%, 3/25/47 (b)			2,910					1,481,655
Asset-Backed Securities				Par (000)			Value

Halcyon Loan Advisors Funding Ltd., Series 2013-1A, Class C, 3.78%, 4/15/25 (a)(b)		USD			1,000	$		964,290
ING Investment Management, Series 2012-2A, Class D, 4.83%, 10/15/22 (a)(b)					1,800			1,812,600
Oak Hill Credit Opportunities Funding, Ltd., Series 2006-1A, Class B1, 0.68%, 9/13/13 (a)(b)					3,400			3,366,000
Octagon Investment Partners XVI, Ltd., Series 2013-1A, Class D, 3.62%, 7/17/25 (a)(b)(c)					500			486,900
OZLM Funding Ltd. (a)(b):
	Series 2012-2A, Class C, 4.63%, 10/30/23				500			498,200
	Series 2013-3A, Class C, 4.15%, 1/22/25				1,000			983,300
Regatta Funding LP, Series 2013-2A, Class C, 4.80%, 1/15/25 (a)(b)					500			500,065
Santander Consumer Acquired Receivables Trust, Series 2011-S1A, Class D, 3.15%, 8/15/16 (a)					1,875			1,889,996
Santander Drive Auto Receivables Trust(a):
	Series 2011-S1A, Class D, 3.10%, 5/15/17				341			341,350
	Series 2011-S2A, Class B, 2.06%, 6/15/17				348			349,890
	Series 2011-S2A, Class C, 2.86%, 6/15/17				360			362,688
SLC Student Loan Trust, Series 2006-A, Class A4, 0.40%, 1/15/19 (b)					500			499,188
Spirit Issuer Plc, Series A2, 3.21%, 12/28/31		GBP			1,800			2,256,308
Sterling Bank Trust, Series 2004-2, Class Note, 2.08%, 3/30/30 (a)		USD			10,037			781,017
Sterling Coofs Trust, Series 20041, Class A, 2.36%, 4/15/29 (b)					9,390			674,925
World Financial Network Credit Card Master Trust, Series 2012-C, Class B, 3.57%, 8/15/22					3,000			3,110,862

Total Asset-Backed Securities – 7.8%							51,584,880


Common Stocks					Shares

Auto Components — 0.0%
Lear Corp.			807					48,404

BLACKROCK LIMITED DURATION INCOME TRUST

MAY 31, 2013

Consolidated Schedule of Investments (continued)

BlackRock Limited Duration Income Trust (BLW)

(Percentages shown are based on Net Assets)

Common Stocks					Shares		Value

Construction & Engineering — 0.0%
USI United Subcontractors (d)				6,454		$		6,454

Diversified Financial Services — 0.4%
Kcad Holdings I Ltd. (d)			384,412,912					2,494,840

Hotels, Restaurants & Leisure — 0.5%
BLB Worldwide Holdings, Inc. (d)				51,947				1,227,248
Travelport LLC (d)				2,589,331				2,123,251

								3,350,499

Metals & Mining — 0.0%
Euramax International (d)				234				46,740

Paper & Forest Products — 0.2%
NewPage Corp. (d)				13,780				1,309,100

Software — 0.3%
Bankruptcy Management Solutions, Inc. (d)				880				—
HMH Holdings/EduMedia (d)				71,219				1,883,746

								1,883,746

Total Common Stocks – 1.4%							9,139,783

Corporate Bonds					Par (000)

Aerospace & Defense — 0.6%
DigitalGlobe, Inc., 5.25%, 2/01/21 (a)(e)		USD		928				934,960
Huntington Ingalls Industries, Inc., 7.13%, 3/15/21 (e)				570				625,575
Kratos Defense & Security Solutions, Inc., 10.00%, 6/01/17 (e)				1,966				2,142,940
Meccanica Holdings USA, Inc., 6.25%, 7/15/19 (a)				339				356,052

								4,059,527

Airlines — 1.4%
Air Canada Pass-Through Trust, Series 2013-1, Class C, 6.63%, 5/15/18 (a)				381				390,449
American Airlines Pass-Through Trust, Series 2011-2, Class A, 8.63%, 4/15/23				521				550,100
Continental Airlines Pass-Through Trust, Series 2012-3, Class C, 6.13%, 4/29/18 (e)				2,090				2,194,500
Continental Airlines, Inc., 6.75%, 9/15/15 (a)(e)				1,350				1,409,062
Delta Air Lines Pass-Through Trust, Series 2009-1, Class B, 9.75%, 6/17/18 (e)				244				277,651
US Airways Group, Inc., 6.13%, 6/01/18				390				379,763
Corporate Bonds					Par (000)		Value

Airlines (concluded)
US Airways Pass-Through Trust (e):
	Series 2011-1, Class C, 10.88%, 10/22/14	USD		1,087		$		1,168,058
	Series 2012-1, Class C, 9.13%, 10/01/15			2,510				2,717,177

								9,086,760

Auto Components — 1.4%
Affinia Group, Inc., 7.75%, 5/01/21 (a)(e)				1,095				1,138,800
Brighthouse Group Ltd., 7.88%, 5/15/18		GBP		100				154,979
Continental Rubber of America Corp., 4.50%, 9/15/19 (a)		USD		150				155,625
GKN Holdings PLC, 5.38%, 9/19/22		GBP		220				353,896
Icahn Enterprises LP:
	4.00%, 8/15/13 (b)(f)	USD		2,305				2,299,238
	8.00%, 1/15/18			610				646,600
Jaguar Land Rover Automotive Plc (FKA Jaguar Land Rover Plc), 8.25%, 3/15/20		GBP		554				951,174
Schaeffler Finance BV:
	4.25%, 5/15/18	EUR		148				194,767
	4.75%, 5/15/21 (a)	USD		750				736,875
Servus Luxembourg Holdings SCA, 7.75%, 6/15/18		EUR		342				446,181
Titan International, Inc. (e):
	7.88%, 10/01/17 (a)	USD		735				786,450
	7.88%, 10/01/17			1,330				1,423,100

								9,287,685

Beverages — 0.0%
Constellation Brands, Inc., 7.25%, 5/15/17				82				95,837
Crown European Holdings SA, 7.13%, 8/15/18 (a)		EUR		50				70,349

								166,186

Building Products — 1.0%
American Builders & Contractors Supply Co., Inc., 5.63%, 4/15/21 (a)		USD		415				420,188
Builders FirstSource, Inc., 7.63%, 6/01/21 (a)				890				894,450
Building Materials Corp. of America (a)(e):
	7.00%, 2/15/20			1,345				1,439,150
	6.75%, 5/01/21			1,030				1,114,975
Momentive Performance Materials, Inc., 8.88%, 10/15/20				530				571,075
Texas Industries, Inc., 9.25%, 8/15/20				523				579,222
USG Corp., 9.75%, 1/15/18 (e)				1,390				1,636,725

								6,655,785

BLACKROCK LIMITED DURATION INCOME TRUST

MAY 31, 2013

Consolidated Schedule of Investments (continued)

BlackRock Limited Duration Income Trust (BLW)

(Percentages shown are based on Net Assets)

Corporate Bonds					Par (000)		Value

Capital Markets — 0.3%
E*Trade Financial Corp., 0.00%, 8/31/19 (a)(f)(g)		USD		249		$		282,615
Nuveen Investments, Inc., 9.13%, 10/15/17 (a)				431				452,550
SteelRiver Transmission Co. LLC, 4.71%, 6/30/17 (a)(h)				1,141				1,173,069

								1,908,234

Chemicals — 1.9%
Ashland, Inc., 3.88%, 4/15/18 (a)(e)				675				693,562
Axiall Corp., 4.88%, 5/15/23 (a)(e)				242				243,210
Celanese US Holdings LLC, 5.88%, 6/15/21 (e)				403				444,308
Eagle Spinco, Inc., 4.63%, 2/15/21 (a)(e)				837				843,277
Huntsman International LLC (e):
	4.88%, 11/15/20			893				901,930
	8.63%, 3/15/21			655				731,962
INEOS Finance Plc, 7.50%, 5/01/20 (a)(e)				445				488,388
INEOS Group Holdings SA:
	6.13%, 8/15/18 (a)			680				669,800
	6.50%, 8/15/18	EUR		328				415,660
LyondellBasell Industries NV, 5.00%, 4/15/19		USD		275				310,402
Nova Chemicals Corp., 8.38%, 11/01/16 (e)				2,750				2,925,312
Nufarm Australia Ltd., 6.38%, 10/15/19 (a)(e)				320				328,000
Orion Engineered Carbons Bondco GmbH, 9.63%, 6/15/18 (a)(e)				898				999,025
PetroLogistics LP/PetroLogistics Finance Corp., 6.25%, 4/01/20 (a)				260				261,950
Rockwood Specialties Group, Inc., 4.63%, 10/15/20 (e)				1,482				1,511,640
Tronox Finance LLC, 6.38%, 8/15/20 (a)(e)				289				283,943
US Coatings Acquisition, Inc./Flash Dutch 2 BV:
	5.75%, 2/01/21	EUR		200				270,348
	7.38%, 5/01/21 (a)	USD		398				419,890

								12,742,607

Commercial Banks — 3.3%
BNP Paribas SA, 2.38%, 9/14/17 (e)				3,225				3,281,444
CIT Group, Inc. (e):
	5.00%, 5/15/17			890				947,850
	5.50%, 2/15/19 (a)			2,040				2,208,300
HSBC Bank Plc, 3.10%, 5/24/16 (a)(e)				2,560				2,706,719
HSBC Holdings Plc, 6.25%, 3/19/18		EUR		1,000				1,549,938
Corporate Bonds					Par (000)		Value

Commercial Banks (concluded)
ING Bank NV, 2.00%, 9/25/15 (a)(e)		USD		3,245		$		3,292,669
Nordea Bank AB, 4.50%, 3/26/20		EUR		1,020				1,481,878
Penske Truck Leasing Co. LP/PTL Finance Corp., 3.38%, 3/15/18 (a)(e)		USD		6,155				6,456,601

								21,925,399

Commercial Services & Supplies — 1.3%
ADS Waste Holdings, Inc., 8.25%, 10/01/20 (a)				292				313,170
ARAMARK Corp., 5.75%, 3/15/20 (a)				712				736,920
Aviation Capital Group Corp., 4.63%, 1/31/18 (a)(e)				1,000				1,033,060
Brickman Group Holdings, Inc., 9.13%, 11/01/18 (a)				63				68,198
Catalent Pharma Solutions, Inc., 7.88%, 10/15/18 (a)				375				380,625
Covanta Holding Corp., 6.38%, 10/01/22 (e)				1,130				1,218,951
EC Finance Plc, 9.75%, 8/01/17			EUR	100				141,049
Mead Products LLC/ACCO Brands Corp., 6.75%, 4/30/20 (a)			USD	100				105,000
Mobile Mini, Inc., 7.88%, 12/01/20 (e)				915				1,013,362
UR Merger Sub Corp. (e):
	5.75%, 7/15/18			494				527,345
	7.38%, 5/15/20			805				883,487
	7.63%, 4/15/22			1,518				1,681,185
Verisure Holding AB:
	8.75%, 9/01/18	EUR		311				446,665
	8.75%, 12/01/18			111				153,650
West Corp., 8.63%, 10/01/18		USD		165				181,088

								8,883,755

Communications Equipment — 1.9%
ADC Telecommunications, Inc., 3.50%, 7/15/15 (e)(f)				6,670				6,786,725
Avaya, Inc. (a):
	7.00%, 4/01/19			437				407,503
	10.50%, 3/01/21 (e)			1,213				1,018,920
CommScope Holding Co., Inc., 6.63%, 6/01/20 (a)(i)				605				597,437
Zayo Group LLC/Zayo Capital, Inc.:
	8.13%, 1/01/20 (e)			1,800				1,998,000
	10.13%, 7/01/20			1,460				1,697,250

								12,505,835

Construction & Engineering — 0.1%
Safway Group Holding LLC/Safway Finance Corp., 7.00%, 5/15/18 (a)				258				259,290

BLACKROCK LIMITED DURATION INCOME TRUST

MAY 31, 2013

Consolidated Schedule of Investments (continued)

BlackRock Limited Duration Income Trust (BLW)

(Percentages shown are based on Net Assets)

Corporate Bonds				Par (000)		Value

Construction & Engineering (concluded)
Weekley Homes LLC, 6.00%, 2/01/23 (a)		USD	320		$		332,800

							592,090

Construction Materials — 1.2%
Buzzi Unicem SpA, 6.25%, 9/28/18		EUR	154				220,658
HD Supply, Inc.:
	8.13%, 4/15/19 (e)	USD	4,105				4,556,550
	7.50%, 7/15/20 (a)		2,374				2,516,440
	11.50%, 7/15/20		335				393,625
HeidelbergCement AG, 7.50%, 4/03/20		EUR	64				102,574

							7,789,847

Consumer Finance — 0.9%
Ally Financial, Inc., 3.13%, 1/15/16 (e)		USD	1,500				1,516,005
Ford Motor Credit Co. LLC (e):
	3.88%, 1/15/15		2,475				2,566,986
	7.00%, 4/15/15		400				439,203
Hyundai Capital America, 3.75%, 4/06/16 (a)(e)			1,285				1,350,056
IVS F. SpA, 7.13%, 4/01/20		EUR	235				308,495

							6,180,745

Containers & Packaging — 0.8%
Ardagh Packaging Finance Plc:
	7.38%, 10/15/17		100				139,723
	7.38%, 10/15/17		200				279,446
	7.00%, 11/15/20 (a)	USD	1,689				1,731,225
	5.00%, 11/15/22	EUR	260				341,314
Ardagh Packaging Finance Plc/Ardagh MP Holdings USA, Inc. (a):
	7.38%, 10/15/17		587				820,175
	4.88%, 11/15/22	USD	332				331,170
Berry Plastics Corp., 9.75%, 1/15/21			290				334,950
Beverage Packaging Holdings Luxembourg II SA, 8.00%, 12/15/16		EUR	274				356,131
Crown Americas LLC/Crown Americas Capital Corp. III, 6.25%, 2/01/21 (e)		USD	144				157,320
Crown Americas LLC/Crown Americas Capital Corp. IV, 4.50%, 1/15/23 (a)(e)			226				220,915
OI European Group BV, 4.88%, 3/31/21		EUR	411				558,236

							5,270,605

Distributors — 0.1%
VWR Funding, Inc., 7.25%, 9/15/17 (e)		USD	874				930,810

Corporate Bonds				Par (000)		Value

Diversified Consumer Services — 0.6%
APX Group, Inc. (a):
	6.38%, 12/01/19	USD	566		$		564,585
	8.75%, 12/01/20 (e)		1,387				1,407,805
Laureate Education, Inc., 9.25%, 9/01/19 (a)(e)			1,460				1,635,200
Rent-A-Center, Inc., 4.75%, 5/01/21 (a)			683				669,340

							4,276,930

Diversified Financial Services — 4.9%
Aircastle Ltd., 6.25%, 12/01/19 (e)			367				397,278
Ally Financial, Inc.:
	8.30%, 2/12/15 (e)		2,460				2,706,000
	7.50%, 9/15/20 (e)		1,630				1,903,025
	8.00%, 11/01/31		906				1,159,680
	8.00%, 11/01/31 (e)		1,330				1,715,700
Banque Paribas, 6.95%, 7/22/13 (e)			2,100				2,117,501
Citigroup, Inc., 5.95% (b)(e)(j)			1,370				1,431,650
CNG Holdings, Inc., 9.38%, 5/15/20 (a)			490				487,550
Co-Operative Group Ltd. (k):
	5.63%, 7/08/20	GBP	300				458,099
	6.25%, 7/08/26		600				919,388
DPL, Inc.:
	6.50%, 10/15/16	USD	70				75,425
	7.25%, 10/15/21		185				199,800
Gala Group Finance Plc, 8.88%, 9/01/18		GBP	700				1,143,348
General Motors Financial Co., Inc. (a)(e):
	2.75%, 5/15/16	USD	581				580,128
	3.25%, 5/15/18		1,500				1,486,875
	4.25%, 5/15/23		291				283,725
GETCO Financing Escrow LLC, 8.25%, 6/15/18 (a)(c)			240				234,600
The Goldman Sachs Group, Inc. (e):
	6.00%, 5/01/14		1,150				1,205,231
	3.30%, 5/03/15		3,285				3,416,200
Jefferies Finance LLC/JFIN Co-Issuer Corp., 7.38%, 4/01/20 (a)(e)			585				587,925
Jefferies LoanCore LLC/JLC Finance Corp., 6.88%, 6/01/20 (a)			567				568,417
Leucadia National Corp., 8.13%, 9/15/15 (e)			1,870				2,122,450
Macquarie Bank Ltd., 10.25%, 6/20/57 (b)			1,450				1,640,095
Reynolds Group Issuer, Inc.:
	7.13%, 4/15/19 (e)		1,294				1,378,110
	9.00%, 4/15/19		180				189,000
	9.88%, 8/15/19		795				866,550
	5.75%, 10/15/20 (e)		800				812,000
	6.88%, 2/15/21 (e)		820				875,350

BLACKROCK LIMITED DURATION INCOME TRUST

MAY 31, 2013

Consolidated Schedule of Investments (continued)

BlackRock Limited Duration Income Trust (BLW)

(Percentages shown are based on Net Assets)

Corporate Bonds				Par (000)		Value

Diversified Financial Services (concluded)
SLM Corp., Series A, 5.00%, 10/01/13		USD	150		$		151,500
WMG Acquisition Corp.:
	11.50%, 10/01/18		630				743,400
	6.00%, 1/15/21 (a)(e)		935				986,425

							32,842,425

Diversified Telecommunication Services — 1.4%
CenturyLink, Inc., Series V, 5.63%, 4/01/20 (e)			906				936,578
Level 3 Communications, Inc., 8.88%, 6/01/19			735				797,475
Level 3 Financing, Inc.:
	4.21%, 2/15/15 (b)		1,725				1,725,862
	8.13%, 7/01/19		3,083				3,337,347
	7.00%, 6/01/20		495				520,988
OTE Plc, 7.25%, 2/12/15		EUR	151				203,720
Telenet Finance V Luxembourg SCA:
	6.25%, 8/15/22		271				369,928
	6.75%, 8/15/24		397				550,057
Windstream Corp., 8.13%, 8/01/13 (e)		USD	590				594,425

							9,036,380

Electric Utilities — 0.4%
Homer City Generation LP, 8.73%, 10/01/26 (i)			495				525,937
Mirant Mid Atlantic Pass-Through Trust, Series B, 9.13%, 6/30/17 (e)			677				762,833
Nisource Finance Corp. (e):
	6.40%, 3/15/18		440				522,567
	5.25%, 2/15/43		800				829,976

							2,641,313

Electrical Equipment — 0.4%
Belden, Inc.:
	5.50%, 9/01/22 (a)(e)		510				524,025
	5.50%, 4/15/23	EUR	140				184,694
Pentair Finance SA, 1.88%, 9/15/17 (e)		USD	371				369,315
Rexel SA, 5.13%, 6/15/20		EUR	439				596,552
Techem GmbH:
	6.13%, 10/01/19		300				421,119
	7.88%, 10/01/20		106				151,482
Trionista TopCo GmbH, 6.88%, 4/30/21			100				131,925

							2,379,112

Energy Equipment & Services — 2.2%
Calfrac Holdings LP, 7.50%, 12/01/20 (a)(e)		USD	605				623,150
CGG, 7.75%, 5/15/17 (e)			330				339,075
FTS International Services LLC/FTS International Bonds, Inc., 8.13%, 11/15/18 (a)(e)			1,182				1,258,830
Gulfmark Offshore, Inc., 6.38%, 3/15/22 (e)		USD	185				192,400
Corporate Bonds				Par (000)		Value

Energy Equipment & Services (concluded)
Hornbeck Offshore Services, Inc., 5.88%, 4/01/20 (e)			375		$		390,938
MEG Energy Corp. (a)(e):
	6.50%, 3/15/21		240				248,400
	6.38%, 1/30/23		204				209,100
Oil States International, Inc. (e):
	6.50%, 6/01/19		1,614				1,739,085
	5.13%, 1/15/23 (a)		908				978,370
Peabody Energy Corp. (e):
	6.00%, 11/15/18		1,004				1,074,280
	6.25%, 11/15/21		1,081				1,129,645
Rain CII Carbon LLC/CII Carbon Corp., 8.25%, 1/15/21 (a)(e)			535				572,450
Seadrill Ltd., 5.63%, 9/15/17 (a)			2,320				2,378,000
Tervita Corp., 8.00%, 11/15/18 (a)			833				862,155
Transocean, Inc. (e):
	4.95%, 11/15/15		1,040				1,126,316
	5.05%, 12/15/16		180				199,407
	2.50%, 10/15/17		725				731,696
	6.00%, 3/15/18		230				263,730
Trionista Holdco GmbH, 5.00%, 4/30/20		EUR	410				543,555

							14,860,582

Food & Staples Retailing — 0.3%
Bakkavor Finance 2 Plc, 8.25%, 2/15/18		GBP	312				491,830
R&R Ice Cream PLC, 9.25%, 5/10/18 (i)		EUR	204				267,800
Rite Aid Corp., 9.25%, 3/15/20 (e)		USD	1,095				1,235,981
Zobele Holding SpA, 7.88%, 2/01/18		EUR	100				135,174

							2,130,785

Food Products — 0.3%
Post Holdings, Inc., 7.38%, 2/15/22 (e)		USD	780				868,725
Smithfield Foods, Inc., 6.63%, 8/15/22 (e)			783				890,663

							1,759,388

Gas Utilities — 0.6%
Florida Gas Transmission Co. LLC, 4.00%, 7/15/15 (a)(e)			2,000				2,114,218
Targa Resources Partners LP, 7.88%, 10/15/18			1,515				1,639,987

							3,754,205

Health Care Equipment & Supplies — 1.4%
Biomet, Inc. (a)(e):
	6.50%, 8/01/20		1,720				1,810,300
	6.50%, 10/01/20		1,445				1,463,062
CareFusion Corp., 5.13%, 8/01/14 (e)			3,000				3,147,129
DJO Finance LLC:
	8.75%, 3/15/18 (e)		413				456,365

BLACKROCK LIMITED DURATION INCOME TRUST

MAY 31, 2013

Consolidated Schedule of Investments (continued)

BlackRock Limited Duration Income Trust (BLW)

(Percentages shown are based on Net Assets)

Corporate Bonds				Par (000)		Value

Health Care Equipment & Supplies (concluded)
DJO Finance LLC (concluded):
	7.75%, 4/15/18	USD	540		$		558,900
	9.88%, 4/15/18		500				548,750
IDH Finance PLC, 6.00%, 12/01/18		GBP	113				172,551
Kinetic Concepts, Inc./KCI USA, Inc., 12.50%, 11/01/19		USD	432				444,960
Teleflex, Inc., 6.88%, 6/01/19 (e)			675				729,000

							9,331,017

Health Care Providers & Services — 2.8%
Aviv Healthcare Properties LP, 7.75%, 2/15/19 (e)			995				1,087,038
Care UK Health & Social Care Plc, 9.75%, 8/01/17		GBP	130				204,435
CHS/Community Health Systems, Inc.:
	5.13%, 8/15/18 (e)	USD	490				510,825
	8.00%, 11/15/19		443				487,300
	7.13%, 7/15/20		471				516,923
Crown Newco 3 Plc, 7.00%, 2/15/18		GBP	441				700,207
HCA, Inc. (e):
	6.50%, 2/15/20	USD	1,895				2,136,612
	7.88%, 2/15/20		1,896				2,066,640
	7.25%, 9/15/20		996				1,095,600
Hologic, Inc., 6.25%, 8/01/20 (e)			1,289				1,377,619
IASIS Healthcare LLC, 8.38%, 5/15/19			792				827,640
inVentiv Health, Inc., 9.00%, 1/15/18 (a)(e)			720				766,800
Omnicare, Inc., 7.75%, 6/01/20 (e)			1,135				1,257,012
Tenet Healthcare Corp.:
	6.25%, 11/01/18 (e)		1,134				1,255,905
	6.75%, 2/01/20		475				498,750
	4.50%, 4/01/21 (a)(e)		523				513,848
	4.38%, 10/01/21 (a)		855				829,350
Vanguard Health Holding Co II LLC:
	8.00%, 2/01/18		361				383,111
	7.75%, 2/01/19 (e)		1,580				1,690,600
Voyage Care Bondco Plc, 6.50%, 8/01/18		GBP	250				390,296

							18,596,511

Health Care Technology — 0.8%
IMS Health, Inc., 12.50%, 3/01/18 (a)(e)		USD	4,300				5,047,125

Hotels, Restaurants & Leisure — 4.1%
Caesars Entertainment Operating Co., Inc., 8.50%, 2/15/20 (e)			1,010				962,025
Carlson Wagonlit BV, 6.88%, 6/15/19 (a)(e)			370				389,425
Choice Hotels International, Inc., 5.75%, 7/01/22 (e)			240				266,400
Cirsa Funding Luxembourg SA, 8.75%, 5/15/18		EUR	355				468,554
Corporate Bonds				Par (000)		Value

Hotels, Restaurants & Leisure (concluded)
Enterprise Inns Plc:
	6.50%, 12/06/18	GBP	2,232		$		3,455,733
	6.88%, 2/15/21		2,070				3,090,116
Gategroup Finance Luxembourg SA, 6.75%, 3/01/19		EUR	290				384,466
Isle of Capri Casinos, Inc.:
	7.75%, 3/15/19	USD	70				75,600
	5.88%, 3/15/21		294				292,530
MCE Finance Ltd., 5.00%, 2/15/21 (a)(e)			941				941,000
Regal Entertainment Group, 5.75%, 2/01/25			265				264,337
Sisal Holding Istituto di Pagamento SpA, 7.25%, 9/30/17		EUR	100				131,925
Six Flags Entertainment Corp., 5.25%, 1/15/21 (a)(e)		USD	576				578,880
Spirit Issuer Plc (b):
	1.06%, 12/28/28	GBP	3,325				4,092,121
	5.47%, 12/28/34		4,500				5,965,540
Station Casinos LLC, 7.50%, 3/01/21 (a)		USD	2,245				2,351,637
Travelport LLC, 11.88%, 9/01/16 (a)			78				73,747
Tropicana Entertainment LLC, 9.63%, 12/15/14 (d)(l)			375				—
The Unique Pub Finance Co. Plc, Series A4, 5.66%, 6/30/27		GBP	1,686				2,510,472
Wynn Las Vegas LLC, 5.38%, 3/15/22 (e)		USD	888				934,620

							27,229,128

Household Durables — 1.7%
Algeco Scotsman Global Finance Plc, 9.00%, 10/15/18		EUR	630				839,477
Ashton Woods USA LLC, 6.88%, 2/15/21 (a)		USD	510				528,488
Beazer Homes USA, Inc., 6.63%, 4/15/18 (e)			910				986,212
Berkline/Benchcraft LLC, 4.50%, 11/03/13 (d)(l)			200				—
Brookfield Residential Properties, Inc., 6.50%, 12/15/20 (a)(e)			925				989,750
K. Hovnanian Enterprises, Inc., 7.25%, 10/15/20 (a)(e)			2,130				2,358,975
KB Home, 7.25%, 6/15/18			880				990,000
Libbey Glass, Inc., 6.88%, 5/15/20 (e)			226				244,645
RPG Byty Sro, 6.75%, 5/01/20		EUR	220				275,937
Spie BondCo 3 SCA, 11.00%, 8/15/19			248				348,528
Standard Pacific Corp., 8.38%, 1/15/21 (e)		USD	2,400				2,880,000

BLACKROCK LIMITED DURATION INCOME TRUST

MAY 31, 2013

Consolidated Schedule of Investments (continued)

BlackRock Limited Duration Income Trust (BLW)

(Percentages shown are based on Net Assets)

Corporate Bonds					Par (000)		Value

Household Durables (concluded)
Taylor Morrison Communities, Inc./Monarch Communities, Inc., 5.25%, 4/15/21 (a)		USD	597			$		604,462

								11,046,474

Household Products — 0.2%
Ontex IV SA, 9.00%, 4/15/19		EUR	353					480,605
Spectrum Brands Escrow Corp. (a):
	6.38%, 11/15/20	USD	250					268,438
	6.63%, 11/15/22		285					307,800

								1,056,843

Independent Power Producers & Energy Traders — 2.6%
The AES Corp., 7.75%, 10/15/15			972					1,078,920
Calpine Corp., 7.50%, 2/15/21 (a)(e)			238					258,230
Dynegy, Inc., 5.88%, 6/01/23 (a)			664					654,040
Energy Future Intermediate Holding Co. LLC:
	6.88%, 8/15/17 (a)		1,015					1,075,900
	10.00%, 12/01/20 (a)(e)		2,105					2,386,544
	10.00%, 12/01/20 (e)		3,415					3,888,831
	12.25%, 3/01/22 (a)(h)		3,408					3,880,860
GenOn REMA LLC (e):
	Series B 9.24%, 7/02/17		308					338,484
	Series C 9.68%, 7/02/26		1,001					1,091,090
Laredo Petroleum, Inc.:
	9.50%, 2/15/19		630					713,475
	7.38%, 5/01/22		515					566,500
NRG Energy, Inc., 7.63%, 1/15/18 (e)			1,001					1,128,627
QEP Resources, Inc., 5.38%, 10/01/22 (e)			476					487,900

								17,549,401

Industrial Conglomerates — 0.2%
Sequa Corp., 7.00%, 12/15/17 (a)			1,305					1,305,000

Insurance — 1.4%
Allied World Assurance Co. Holdings, Ltd., 7.50%, 8/01/16 (e)			3,000					3,536,664
American International Group, Inc., 3.00%, 3/20/15 (e)			3,120					3,231,634
CNO Financial Group, Inc., 6.38%, 10/01/20 (a)(e)			304					329,460
Forethought Financial Group, Inc., 8.63%, 4/15/21 (a)(e)			750					892,072
MPL 2 Acquisition Canco, Inc., 9.88%, 8/15/18 (a)			595					612,850
Muenchener Rueckversicherungs AG, 6.00%, 5/26/41 (b)		EUR	400					610,756
TMF Group Holding B.V., 9.88%, 12/01/19			210					287,960

								9,501,396

Corporate Bonds					Par (000)		Value

Internet Software & Services — 0.1%
Cerved Technologies SpA:
	6.38%, 1/15/20	EUR	100			$		129,975
	8.00%, 1/15/21		100					129,650
Equinix, Inc., 4.88%, 4/01/20		USD	139					141,432
VeriSign, Inc., 4.63%, 5/01/23 (a)			550					552,750

								953,807

IT Services — 1.5%
Ceridian Corp. (a)(e):
	8.88%, 7/15/19		1,395					1,590,300
	11.00%, 3/15/21		1,004					1,147,070
Epicor Software Corp., 8.63%, 5/01/19			1,260					1,370,250
First Data Corp.:
	7.38%, 6/15/19 (a)(e)		1,775					1,872,625
	6.75%, 11/01/20 (a)(e)		1,250					1,306,250
	8.25%, 1/15/21 (a)		34					36,040
	12.63%, 1/15/21		347					379,098
	11.75%, 8/15/21 (a)		869					840,757
SunGard Data Systems, Inc., 6.63%, 11/01/19 (a)(e)			1,040					1,094,600
WEX, Inc., 4.75%, 2/01/23 (a)(e)			550					548,625

								10,185,615

Machinery — 0.3%
Navistar International Corp., 8.25%, 11/01/21			522					531,787
Terex Corp., 6.00%, 5/15/21 (e)			1,070					1,131,525
Trinseo Materials Operating SCA, 8.75%, 2/01/19 (a)(e)			575					572,844

								2,236,156

Media — 5.0%
AMC Networks, Inc. (e):
	7.75%, 7/15/21			865				979,612
	4.75%, 12/15/22			269				268,328
Cengage Learning Acquisitions, Inc., 11.50%, 4/15/20 (a)(e)				509				409,745
Checkout Holding Corp., 9.83%, 11/15/15 (a)(g)				1,056				834,240
Cinemark USA, Inc., 5.13%, 12/15/22 (e)				206				209,090
Clear Channel Communications, Inc.:
	9.00%, 12/15/19 (a)(c)			489				491,445
	9.00%, 3/01/21			1,311				1,301,167
Clear Channel Worldwide Holdings, Inc. (e):
	7.63%, 3/15/20			1,045				1,110,312
	6.50%, 11/15/22 (a)			965				1,013,250
	6.50%, 11/15/22 (a)			1,108				1,168,940
DIRECTV Holdings LLC, 3.13%, 2/15/16 (e)				3,000				3,146,346
DISH DBS Corp.:
	7.00%, 10/01/13 (e)			1,267				1,287,019
	7.13%, 2/01/16 (e)			200				219,000
	4.25%, 4/01/18 (a)			1,330				1,296,750

BLACKROCK LIMITED DURATION INCOME TRUST

MAY 31, 2013

Consolidated Schedule of Investments (continued)

BlackRock Limited Duration Income Trust (BLW)

(Percentages shown are based on Net Assets)

Corporate Bonds				Par (000)		Value

Media (concluded)
Intelsat Jackson Holdings SA:
	7.25%, 10/15/20 (e)	USD	1,660		$		1,801,100
	5.50%, 8/01/23 (a)(c)		2,750				2,695,000
Intelsat Luxembourg SA (a):
	6.75%, 6/01/18		910				948,675
	7.75%, 6/01/21		745				783,181
Interactive Data Corp., 10.25%, 8/01/18 (e)			2,210				2,480,725
Lynx I Corp.:
	5.38%, 4/15/21 (a)(e)		617				641,680
	6.00%, 4/15/21	GBP	1,274				2,034,436
The McClatchy Co., 9.00%, 12/15/22 (a)		USD	330				356,400
MDC Partners, Inc., 6.75%, 4/01/20 (a)			355				362,988
NAI Entertainment Holdings LLC, 8.25%, 12/15/17 (a)(e)			1,301				1,405,080
Nara Cable Funding Ltd.:
	8.88%, 12/01/18 (a)		200				208,000
	8.88%, 12/01/18	EUR	190				261,770
ProtoStar I Ltd., 18.00%, 10/15/13 (a)(d)(f)(l)		USD	3,454				1,727
Sirius XM Radio, Inc. (a):
	4.25%, 5/15/20		634				621,320
	4.63%, 5/15/23		311				298,560
Sterling Entertainment Corp., 10.00%, 12/15/19			1,175				1,175,000
Unitymedia Hessen GmbH & Co. KG:
	7.50%, 3/15/19		1,440				1,562,400
	5.50%, 1/15/23 (a)(e)		720				734,400
Univision Communications, Inc., 6.75%, 9/15/22 (a)(e)			286				307,450
Virgin Media Secured Finance Plc, 6.50%, 1/15/18 (e)			1,000				1,052,500

							33,467,636

Metals & Mining — 2.2%
ArcelorMittal:
	9.50%, 2/15/15 (e)		1,910				2,120,100
	4.25%, 8/05/15 (e)		987				1,019,078
	5.00%, 2/25/17		388				403,520
	6.13%, 6/01/18 (e)		498				527,880
Commercial Metals Co., 4.88%, 5/15/23			908				864,870
Eco-Bat Finance Plc, 7.75%, 2/15/17		EUR	495				656,244
FMG Resources August 2006 Property Ltd., 6.38%, 2/01/16 (a)(e)		USD	625				637,500
Glencore Funding LLC, 1.70%, 5/27/16 (a)(e)			2,450				2,442,432
Global Brass and Copper, Inc., 9.50%, 6/01/19 (a)			695				778,400
Kaiser Aluminum Corp., 8.25%, 6/01/20 (e)			510				575,025
Corporate Bonds				Par (000)		Value

Metals & Mining (concluded)
New Gold, Inc., 7.00%, 4/15/20 (a)(e)		USD	175		$		185,500
New World Resources NV, 7.88%, 5/01/18		EUR	494				513,661
Novelis, Inc., 8.75%, 12/15/20 (e)		USD	2,375				2,654,062
Perstorp Holding AB, 8.75%, 5/15/17 (a)			290				299,425
Steel Dynamics, Inc., 6.38%, 8/15/22 (a)			555				604,950
Walter Energy, Inc., 8.50%, 4/15/21 (a)			160				160,800

							14,443,447

Multiline Retail — 0.8%
Dollar General Corp. (e):
	4.13%, 7/15/17		1,409				1,529,134
	1.88%, 4/15/18		2,133				2,122,058
Dufry Finance SCA, 5.50%, 10/15/20 (a)(e)			1,336				1,406,140

							5,057,332

Oil, Gas & Consumable Fuels — 6.6%
Access Midstream Partners LP (e):
	6.13%, 7/15/22		510				545,700
	4.88%, 5/15/23		510				503,625
Alpha Natural Resources, Inc., 6.25%, 6/01/21			418				374,110
Athlon Holdings LP/Athlon Finance Corp., 7.38%, 4/15/21 (a)			254				264,160
Bonanza Creek Energy, Inc., 6.75%, 4/15/21 (a)			95				99,275
BP Capital Markets Plc, 5.25%, 11/07/13 (e)			6,000				6,124,500
Chaparral Energy, Inc., 7.63%, 11/15/22			305				329,400
Chesapeake Energy Corp., 5.75%, 3/15/23			1,265				1,315,600
Concho Resources, Inc.:
	6.50%, 1/15/22 (e)		221				238,680
	5.50%, 10/01/22		89				91,893
CONSOL Energy, Inc., 8.25%, 4/01/20 (e)			1,890				2,088,450
Denbury Resources, Inc., 4.63%, 7/15/23 (e)			994				961,695
EP Energy LLC/Everest Acquisition Finance, Inc., 6.88%, 5/01/19 (e)			630				680,400
Holly Energy Partners LP, 6.50%, 3/01/20 (e)			215				228,438
Kinder Morgan Energy Partners LP, 5.95%, 2/15/18 (e)			3,215				3,805,612
Kinder Morgan Finance Co. LLC, 6.00%, 1/15/18 (a)(e)			1,285				1,418,574
Kodiak Oil & Gas Corp., 8.13%, 12/01/19			865				973,125

BLACKROCK LIMITED DURATION INCOME TRUST

MAY 31, 2013

Consolidated Schedule of Investments (continued)

BlackRock Limited Duration Income Trust (BLW)

(Percentages shown are based on Net Assets)

Corporate Bonds				Par (000)			Value

Oil, Gas & Consumable Fuels (concluded)
LBC Tank Terminals Holding Netherlands BV, 6.88%, 5/15/23 (a)		USD	200			$		207,750
Lightstream Resources Ltd. (FKA PetroBakken Energy Ltd.), 8.63%, 2/01/20 (a)			619					634,475
Linn Energy LLC:
	6.25%, 11/01/19 (a)(e)		1,030					1,037,725
	8.63%, 4/15/20		255					279,225
	7.75%, 2/01/21 (e)		535					567,100
MarkWest Energy Partners LP:
	6.25%, 6/15/22		239					258,120
	5.50%, 2/15/23		460					480,700
Memorial Production Partners LP, 7.63%, 5/01/21 (a)			344					345,720
Newfield Exploration Co., 5.63%, 7/01/24			82					86,100
Oasis Petroleum, Inc.:
	7.25%, 2/01/19		380					409,450
	6.50%, 11/01/21		410					442,800
Offshore Group Investment Ltd., 7.13%, 4/01/23 (a)			656					677,320
ONEOK Partners LP, 2.00%, 10/01/17 (e)			355					357,405
Pacific Drilling SA, 5.38%, 6/01/20 (a)(c)			598					592,020
PBF Holding Co. LLC, 8.25%, 2/15/20 (e)			466					514,930
Petrobras Global Finance BV, 3.00%, 1/15/19 (e)			768					749,080
Plains Exploration & Production Co., 6.88%, 2/15/23			615					695,719
Range Resources Corp. (e):
	6.75%, 8/01/20		815					882,237
	5.75%, 6/01/21		1,281					1,354,657
	5.00%, 8/15/22		537					545,055
Rosetta Resources, Inc., 5.63%, 5/01/21			379					379,948
Sabine Pass Liquefaction LLC (a):
	5.63%, 2/01/21 (e)		2,874					2,884,777
	5.63%, 4/15/23		754					754,000
Sabine Pass Liquified Natural Gas LP (e):
	7.50%, 11/30/16		4,110					4,582,650
	6.50%, 11/01/20 (a)		745					780,387
SandRidge Energy, Inc.:
	8.75%, 1/15/20		94					101,050
	7.50%, 2/15/23 (e)		1,096					1,128,880
SESI LLC, 6.38%, 5/01/19 (e)			755					815,400
SM Energy Co. (e):
	6.50%, 11/15/21		605					660,962
	6.50%, 1/01/23		285					313,500
Tesoro Logistics LP/Tesoro Logistics Finance Corp., 5.88%, 10/01/20 (a)(e)			176					183,480

								43,745,859

Corporate Bonds				Par (000)			Value

Paper & Forest Products — 0.2%
Ainsworth Lumber Co. Ltd., 7.50%, 12/15/17 (a)(e)		USD	810			$		874,800
NewPage Corp., 11.38%, 12/31/14 (d)(l)			3,177					—
Sappi Papier Holding GmbH, 8.38%, 6/15/19 (a)(e)			305					336,263
WEPA Hygieneprodukte GmbH, 6.50%, 5/15/20		EUR	100					135,941

								1,347,004

Pharmaceuticals — 0.4%
Valeant Pharmaceuticals International (a)(e):
	6.50%, 7/15/16	USD			590			610,650
	6.88%, 12/01/18				1,210			1,291,675
	6.38%, 10/15/20				613			643,650

								2,545,975

Professional Services — 0.1%
La Financiere Atalian SA, 7.25%, 1/15/20		EUR	202					263,862
Truven Health Analytics, Inc., 10.63%, 6/01/20 (a)		USD	540					610,200

								874,062

Real Estate Investment Trusts (REITs) — 0.6%
Cantor Commercial Real Estate Co. LP, 7.75%, 2/15/18 (a)(e)			634					656,190
Felcor Lodging LP:
	6.75%, 6/01/19		1,170					1,248,975
	5.63%, 3/01/23		291					296,093
iStar Financial, Inc., 4.88%, 7/01/18			449					445,632
Ventas Realty LP/Ventas Capital Corp., 4.75%, 6/01/21 (e)			1,300					1,420,435

								4,067,325

Real Estate Management & Development — 1.3%
Punch Taverns Finance Plc, Series A2R, 6.82%, 7/15/20		GBP	1,115					1,745,580
Realogy Corp. (a):
	3.38%, 5/01/16	USD	756					750,330
	7.88%, 2/15/19 (e)		1,765					1,937,087
	7.63%, 1/15/20 (e)		1,015					1,149,487
	9.00%, 1/15/20 (e)		435					505,688
Shea Homes LP, 8.63%, 5/15/19 (e)			2,110					2,394,850

								8,483,022

Road & Rail — 1.0%
Asciano Finance Ltd., 3.13%, 9/23/15 (a)(e)			3,400					3,500,997
The Hertz Corp.:
	7.50%, 10/15/18		540					587,250
	6.75%, 4/15/19		405					439,931
	5.88%, 10/15/20		435					458,925

BLACKROCK LIMITED DURATION INCOME TRUST

MAY 31, 2013

Consolidated Schedule of Investments (continued)

BlackRock Limited Duration Income Trust (BLW)

(Percentages shown are based on Net Assets)

Corporate Bonds				Par (000)		Value

Road & Rail (concluded)
The Hertz Corp. (concluded):
	7.38%, 1/15/21	USD	675		$		745,875
	6.25%, 10/15/22 (e)		605				657,181
Watco Cos. LLC/Watco Finance Corp., 6.38%, 4/01/23 (a)			199				209,448

							6,599,607

Semiconductors & Semiconductor Equipment — 0.2%
NXP BV/NXP Funding LLC (a):
	3.75%, 6/01/18		950				935,750
	5.75%, 2/15/21 (e)		560				588,000

							1,523,750

Software — 0.7%
IAC/InterActiveCorp, 4.75%, 12/15/22 (a)(e)			527				517,778
Infor US, Inc., 9.38%, 4/01/19 (e)			2,000				2,255,000
Nuance Communications, Inc., 5.38%, 8/15/20 (a)(e)			1,715				1,736,437

							4,509,215

Specialty Retail — 1.6%
Claire's Stores, Inc. (a):
	9.00%, 3/15/19 (e)		1,034				1,163,250
	7.75%, 6/01/20		219				221,738
Michaels Stores, Inc., 7.75%, 11/01/18			317				343,945
New Academy Finance Co., 8.00%, 6/15/18 (a)(i)			218				224,540
Party City Holdings, Inc., 8.88%, 8/01/20 (a)			599				672,377
Penske Automotive Group, Inc., 5.75%, 10/01/22 (a)(e)			705				742,894
QVC, Inc. (a)(e):
	7.50%, 10/01/19		410				451,437
	7.38%, 10/15/20		1,260				1,392,277
Sally Holdings LLC (e):
	6.88%, 11/15/19		920				1,020,050
	5.75%, 6/01/22		425				447,312
Sonic Automotive, Inc., 5.00%, 5/15/23 (a)			133				132,003
The Western Union Co., 2.88%, 12/10/17 (e)			4,000				4,079,780

							10,891,603

Textiles, Apparel & Luxury Goods — 0.1%
Levi Strauss & Co., 6.88%, 5/01/22 (e)			380				421,325

Tobacco — 0.4%
Reynolds American, Inc., 7.63%, 6/01/16 (e)			2,500				2,958,270

Transportation Infrastructure — 0.8%
Aguila 3 SA, 7.88%, 1/31/18 (a)			498				535,972
Corporate Bonds				Par (000)		Value

Transportation Infrastructure (concluded)
Federal Express Corp. 2012 Pass Through Trust, 2.63%, 1/15/18 (a)(e)		USD	1,212		$		1,223,971
Penske Truck Leasing Co. LP/PTL Finance Corp., 3.13%, 5/11/15 (a)(e)			3,372				3,494,350

							5,254,293

Wireless Telecommunication Services — 2.5%
Crown Castle International Corp., 5.25%, 1/15/23 (e)			725				734,062
Crown Castle Towers LLC, 4.52%, 1/15/35 (a)(e)			3,000				3,158,988
Digicel Group Ltd., 8.25%, 9/30/20 (a)(e)			1,215				1,293,975
Digicel Ltd., 6.00%, 4/15/21 (a)(c)(e)			2,453				2,440,735
Softbank Corp., 4.50%, 4/15/20 (a)(e)			1,745				1,770,672
Sprint Capital Corp., 6.88%, 11/15/28 (e)			1,410				1,410,000
Sprint Nextel Corp. (a)(e):
	9.00%, 11/15/18		3,070				3,722,375
	7.00%, 3/01/20		1,510				1,698,750
Wind Acquisition Finance SA, 6.50%, 4/30/20 (a)			311				319,553

							16,549,110

Total Corporate Bonds – 68.8%						457,900,743

Floating Rate Loan Interests (b)

Aerospace & Defense — 0.3%
DigitalGlobe, Inc., Term Loan B, 3.75%, 1/31/20			1,300				1,307,150
Transdigm, Inc., Term Loan C, 3.75%, 2/28/20			658				665,098

							1,972,248

Airlines — 0.4%
Delta Air Lines, Inc., Term Loan B, 5.00%, 4/20/17			684				691,567
Northwest Airlines, Inc.:
	Term Loan, 2.30%, 3/10/17		300				278,076
	Term Loan, 2.30%, 3/10/17		301				278,899
	Term Loan, 1.68%, 9/10/18		251				221,794
	Term Loan, 1.68%, 9/10/18		255				225,540
	Term Loan, 1.68%, 9/10/18		253				223,918
US Airways Group, Inc., Term Loan B1, 4.25%, 5/23/19			840				839,160

							2,758,954

BLACKROCK LIMITED DURATION INCOME TRUST

MAY 31, 2013

Consolidated Schedule of Investments (continued)

BlackRock Limited Duration Income Trust (BLW)

(Percentages shown are based on Net Assets)

Floating Rate Loan Interests (b)				Par (000)		Value

Auto Components — 2.2%
Affinia Group Intermediate Holdings Inc., Term Loan B2, 4.75%, 4/15/20		USD	910		$		912,275
Autoparts Holdings Ltd.:
	First Lien Term Loan, 6.50%, 7/28/17		964				950,016
	Second Lien Term Loan, 10.50%, 1/29/18		1,500				1,481,250
Federal-Mogul Corp.:
	Term Loan B, 2.13% - 2.14%, 12/29/14		3,840				3,757,405
	Term Loan C, 2.13% - 2.14%, 12/28/15		3,094				3,023,127
The Goodyear Tire & Rubber Co., Second Lien Term Loan, 4.75%, 4/30/19			2,985				3,000,761
Schaeffler AG, Term Loan C, 4.25%, 1/27/17			140				141,691
Transtar Holding Co., First Lien Term Loan, 5.50%, 10/09/18			1,279				1,291,361

							14,557,886

Beverages — 0.0%
Le-Nature's, Inc., Tranche B Term Loan, 3/01/11 (f)(l)			1,000				100

Biotechnology — 0.1%
Grifols, Inc., Term Loan B, 4.25%, 6/01/17			533				536,778

Building Products — 0.3%
CPG International, Inc., Term Loan, 5.75%, 9/18/19			1,368				1,377,250
United Subcontractors, Inc., Term Loan, 2.00% - 4.29%, 6/30/15			166				157,797
Wilsonart International Holdings LLC, Term Loan B, 4.00%, 10/31/19			818				818,155

							2,353,202

Capital Markets — 0.7%
American Capital Holdings, Inc., Term Loan, 5.50%, 8/22/16			1,462				1,480,275
HarbourVest Partners LLC, Term Loan B, 4.75%, 11/21/17			880				885,930
Knight Capital Group, Inc., Term Loan B, 5.25%, 11/10/17			785				777,150
Nuveen Investments, Inc.:
	Incremental Term Loan, 4.19%, 5/13/17		1,079				1,082,116
	Second Lien Term Loan, 6.50%, 2/28/19		685				686,712

							4,912,183

Floating Rate Loan Interests (b)				Par (000)		Value

Chemicals — 1.3%
AI Chem & Cy S.C.A.:
	Term Loan B1, 4.50%, 10/03/19	USD	323		$		324,832
	Term Loan B2, 4.50%, 10/03/19		167				168,749
American Rock Salt Holdings LLC, Term Loan, 5.50%, 4/25/17			673				676,972
Chemtura Corp., Exit Term Loan B, 5.50%, 8/27/16			497				502,054
Evergreen Acqco 1 LP, Term Loan, 5.00%, 7/09/19			779				782,044
General Chemical Corp., Term Loan, 5.00% - 5.75%, 10/06/15			101				101,726
INEOS US Finance LLC, 6 Year Term Loan, 4.00%, 5/04/18			904				902,924
MacDermid, Inc., Tranche C Term Loan, 2.31%, 4/11/14		EUR	411				532,525
Nexeo Solutions LLC, Term Loan B, 5.00%, 9/08/17		USD	1,274				1,269,223
Tronox Pigments (Netherlands) BV, Term Loan, 4.50%, 3/19/20			1,083				1,092,219
US Coatings Acquisition, Inc.:
	Term Loan, 4.75%, 2/03/20		2,110				2,125,044
	Term Loan B, 5.25%, 2/03/20	EUR	0.00				0.00

							8,478,312

Commercial Banks — 0.3%
Everest Acquisition LLC, Term Loan B3, 3.50%, 5/24/18		USD	1,690				1,698,027

Commercial Services & Supplies — 1.8%
ADS Waste Holdings, Inc., Term Loan B, 4.25%, 10/09/19			1,486				1,495,149
Altegrity, Inc.:
	Term Loan, 5.00%, 2/21/15		815				807,363
	Tranche D Term Loan, 7.75%, 2/20/15		871				878,824
AWAS Finance Luxembourg 2012 SA, Term Loan, 3.50%, 7/16/18			1,299				1,312,418
AWAS Finance Luxembourg Sarl, Term Loan B, 3.50%, 6/10/16			967				974,070
Catalent Pharma Solutions Inc., Term Loan, 6.50%, 12/29/17			370				374,163
KAR Auction Services, Inc., Term Loan B, 3.75%, 5/19/17			1,440				1,459,402
Learning Care Group (US) No. 2 Inc, Term Loan B, 6.00%, 5/08/19			390				390,733
Livingston International Inc., First Lien Term Loan, 5.00%, 4/16/19			780				781,466
Livingston International, Inc., Second Lien Term Loan, 9.00%, 4/16/20			360				365,400
Protection One, Inc., Term Loan, 4.25%, 3/21/19			822				827,865

BLACKROCK LIMITED DURATION INCOME TRUST

MAY 31, 2013

Consolidated Schedule of Investments (continued)

BlackRock Limited Duration Income Trust (BLW)

(Percentages shown are based on Net Assets)

Floating Rate Loan Interests (b)				Par (000)		Value

Commercial Services & Supplies (concluded)
Spin Holdco Inc., Term Loan B, 4.25%, 11/15/19		USD	1,255		$		1,261,275
West Corp., Term Loan B8, 4.25%, 6/29/18			995				1,002,254

							11,930,382

Communications Equipment — 1.9%
Alcatel-Lucent USA, Inc.:
	Term Loan B, 6.25%, 8/01/16		590				595,983
	Term Loan C, 7.25%, 1/30/19		3,641				3,676,519
	Term Loan D, 7.50%, 1/30/19	EUR	1,232				1,619,191
Avaya, Inc.:
	Extended Term Loan B3, 4.77%, 10/26/17	USD	1,093				980,445
	Term Loan B5, 8.00%, 3/30/18		358				341,496
CommScope, Inc., Term Loan, 3.75%, 1/12/18			1,225				1,236,098
Telesat Canada, Term Loan A, 4.83%, 3/24/17		CAD	1,812				1,739,091
Zayo Group, LLC, Term Loan B, 4.50%, 7/02/19		USD	2,803				2,802,762

							12,991,585

Construction & Engineering — 0.3%
Centaur LLC:
	First Lien Term Loan, 5.25%, 2/15/19		1,445				1,457,644
	Second Lien Term Loan, 8.75%, 2/15/20		710				719,322

							2,176,966

Construction Materials — 0.3%
HD Supply, Inc., Senior Debt B, 4.50%, 10/12/17			2,102				2,117,840

Consumer Finance — 0.2%
Moneygram International, Inc, Term Loan B, 4.25%, 3/20/20			635				636,587
Springleaf Financial Funding Co., Term Loan, 5.50%, 5/10/17			502				503,448

							1,140,035

Containers & Packaging — 0.3%
Pact Group Pty Ltd., Term Loan B, 3.75%, 5/08/20			1,250				1,262,500
Sealed Air Corp., Term Loan, 4.00%, 10/03/18			516				521,775

							1,784,275

Distributors — 0.4%
ABC Supply Co., Inc., Term Loan, 3.50%, 4/16/20			2,105				2,110,894
Crossmark Holdings, Inc., Term Loan, 4.50%, 12/20/19			384				384,038
Floating Rate Loan Interests (b)				Par (000)		Value

Distributors — (concluded)
VWR Funding, Inc., Extended Term Loan, 4.19%, 4/03/17		USD	459		$		462,672

							2,957,604

Diversified Consumer Services — 0.9%
Bright Horizons Family Solutions, Inc., Term Loan B, 4.00% - 5.25%, 1/30/20			783				788,323
Dundee Holdco 4 Limited, Term Loan, 5.50%, 3/28/20			555				558,469
Education Management LLC, Term Loan C3, 8.25%, 3/29/18			148				139,321
Laureate Education, Inc., Extended Term Loan, 5.25%, 6/18/18			1,730				1,735,453
ServiceMaster Co., Term Loan, 4.25%, 1/31/17			1,292				1,291,517
Weight Watchers International, Inc., Term Loan B2, 3.75%, 4/02/20			1,200				1,199,328

							5,712,411

Diversified Financial Services — 1.0%
ION Trading Technologies Ltd Inc:
	First Lien Term Loan, 4.50%, 5/22/20		560				563,965
	Second Lien Term Loan, 8.25%, 5/21/21		310				312,325
Reynolds Group Holdings Inc., Dollar Term Loan, 4.75%, 9/28/18			1,525				1,536,953
ROC Finance LLC, Term Loan, 5.00%, 5/15/19			630				634,410
Telesat LLC, Term Loan B, 3.50%, 3/28/19			1,697				1,705,853
WMG Acquisition Corp.:
	Delayed Draw Term Loan 1, 4.25%, 7/06/20		619				615,476
	Delayed Draw Term Loan 2, 3.75%, 7/06/20		96				95,356
	Term Loan, 3.75%, 5/18/20		1,025				1,030,125

							6,494,463

Diversified Telecommunication Services — 1.9%
Consolidated Communications, Inc., Term Loan B3, 5.25%, 12/31/18			2,249				2,268,482
Hawaiian Telcom Communications, Inc., Term Loan B, 7.00%, 2/28/17			1,738				1,748,099
Integra Telecom Inc.:
	Second Lien Term Loan, 9.75%, 2/21/20		590				605,907
	Term Loan, 6.00%, 2/22/19		1,175				1,186,750
Level 3 Financing, Inc.:
	2016 Term Loan B, 4.75%, 2/01/16		761				767,835

BLACKROCK LIMITED DURATION INCOME TRUST

MAY 31, 2013

Consolidated Schedule of Investments (continued)

BlackRock Limited Duration Income Trust (BLW)

(Percentages shown are based on Net Assets)

Floating Rate Loan Interests (b)				Par (000)		Value

Diversified Telecommunication Services (concluded)
Level 3 Financing, Inc. (concluded):
	2019 Term Loan B, 5.25%, 8/01/19	USD	0.00		$		0.00
	Term Loan, 4.75%, 8/01/19		4,830				4,864,728
Syniverse Holdings, Inc., Delayed Draw Term Loan, 4.00%, 4/23/19			525				526,806
US Telepacific Corp., Term Loan B, 5.75%, 2/23/17			493				492,449

							12,461,056

Electronic Equipment, Instruments & Components — 0.1%
CDW LLC, Term Loan, 3.50%, 4/29/20			850				846,813

Energy Equipment & Services — 0.7%
API Heat Transfer, Inc., Term Loan, 5.25%, 4/30/19			685				685,000
Dynegy Holdings Inc., Term Loan B2, 4.00%, 4/23/20			1,370				1,373,137
MEG Energy Corp., Term Loan, 3.75%, 3/31/20			1,317				1,323,528
Tervita Corp., Term Loan, 6.25%, 5/15/18			927				937,179
Unifrax Corp., Term Loan, 4.25%, 11/28/18		USD	554				556,729

							4,875,573

Food & Staples Retailing — 1.0%
JC Penney Corp., Inc., First Lien Term Loan, 6.00%, 4/30/18			1,890				1,914,816
Pilot Travel Centers LLC, Term Loan B2, 4.25%, 8/07/19			607				600,880
Rite Aid Corp.:
	Second Lien Term Loan, 5.75%, 8/21/20		240				247,450
	Term Loan 6, 4.00%, 2/21/20		260				261,354
Sprouts Farmers Markets Holdings, LLC, Term Loan, 4.50%, 4/23/20			630				630,000
Supervalu Inc, Term Loan B, 5.00%, 3/21/19			919				916,007
US Foods, Inc., Term Loan, 4.50%, 3/29/19			2,000				1,992,500

							6,563,007

Food Products — 0.7%
Advance Pierre Foods, Inc., Term Loan, 5.75%, 7/10/17			783				787,689
Del Monte Foods Co., Term Loan, 4.00%, 3/08/18			586				588,166
Dole Food Co., Inc., Term Loan, 3.75%, 4/01/20			1,125				1,127,610
Floating Rate Loan Interests (b)				Par (000)		Value

Food Products (concluded)
Performance Food Group Co., Second Lien Term Loan, 6.25%, 11/29/19		USD	1,050		$		1,050,263
Pinnacle Foods Finance LLC, Term Loan G, 3.25%, 4/29/20			1,200				1,200,000

							4,753,728

Health Care Equipment & Supplies — 1.6%
Arysta LifeScience Corp.:
	First Lien Term Loan, 4.50%, 5/25/20		1,485				1,491,504
	Second Lien Term Loan, 8.25%, 11/30/20		530				535,464
Bausch & Lomb, Inc., Term Loan B, 4.00%, 5/17/19			2,040				2,042,912
BSN Medical Acquisition Holding GmbH, Term Loan B1A, 5.00%, 8/28/19			700				706,125
Capital Safety North America Holding, Inc., Term Loan, 4.50%, 1/21/19			990				991,880
DJO Finance LLC, Term Loan B3, 4.75%, 9/15/17			1,828				1,851,197
Hologic, Inc., Term Loan B, 4.50%, 8/01/19			1,634				1,643,813
Immucor, Inc., Term Loan B2, 5.00%, 8/17/18			641				645,435
LHP Hospital Group, Inc., Term Loan, 9.00%, 7/03/18			854				870,621

							10,778,951

Health Care Providers & Services — 1.5%
American Renal Holdings, Inc.:
	First Lien Term Loan, 4.50%, 9/22/19		855				856,607
	Second Lien Term Loan, 8.50%, 2/14/20		890				895,189
Ardent Medical Services, Inc., Term Loan, 6.75%, 7/02/18			479				483,985
CHG Buyer Corp., First Lien Term Loan, 5.00%, 11/22/19			839				847,317
ConvaTec, Inc., Term Loan, 5.00%, 12/22/16			1,220				1,233,871
DaVita, Inc., Term Loan B, 4.50%, 10/20/16			1,955				1,971,618
Emergency Medical Services Corp., Term Loan, 4.00%, 5/25/18			278				279,392
Genesis HealthCare Corp., Term Loan B, 10.00% - 10.75%, 9/25/17			1,083				1,114,993
inVentiv Health, Inc.:
	Combined Term Loan, 7.50%, 8/04/16		360				355,409
	Incremental Term Loan B3, 7.75%, 5/15/18		232				229,757

BLACKROCK LIMITED DURATION INCOME TRUST

MAY 31, 2013

Consolidated Schedule of Investments (continued)

BlackRock Limited Duration Income Trust (BLW)

(Percentages shown are based on Net Assets)

Floating Rate Loan Interests (b)				Par (000)		Value

Health Care Providers & Services (concluded)
Surgical Care Affiliates, Inc., Term Loan B, 4.25%, 6/29/18		USD	600		$		601,878
US Renal Care, Inc., First Lien Term Loan, 6.25%, 7/02/19			854				863,152

							9,733,168

Health Care Technology — 0.3%
IMS Health, Inc., Term Loan B1, 3.75%, 9/01/17			640				643,678
Kinetic Concepts, Inc., Term Loan C1, 5.50%, 5/04/18			612				619,529
MedAssets, Inc., Term Loan B, 4.00%, 12/13/19			346				347,567
Merge Healthcare Inc, Term Loan B, 6.00%, 4/23/19			420				422,100

							2,032,874

Hotels, Restaurants & Leisure — 4.7%
Alpha D2 Ltd., Extended Term Loan B2, 6.00%, 4/30/19			1,669				1,686,637
Caesars Entertainment Operating Co., Inc., Extended Term Loan B6, 5.44%, 1/26/18			230				205,328
Golden Living, Term Loan, 5.00%, 5/04/18			1,062				1,021,933
Harrah's Property Co., Mezzanine Term Loan, 3.69%, 2/13/14			7,761				7,081,730
Hilton Hotels Corp.:
	Mezzanine Class F, 4.45%, 11/12/15		1,275				1,262,200
	Mezzanine Class G, 4.70%, 11/12/15		9,212				9,120,186
Kasima LLC, Term Loan B, 3.25%, 5/14/21			1,010				1,011,899
MGM Resorts International, Term Loan B, 3.50%, 12/20/19			1,248				1,250,909
OSI Restaurant Partners LLC, Term Loan, 3.50%, 10/25/19			605				604,564
Sabre, Inc., Term Loan B, 5.25%, 2/19/19			569				575,279
Station Casinos, Inc., Term Loan B, 5.00%, 3/01/20			3,285				3,315,386
Travelport LLC:
	Second Lien PIK Term Loan 2, 8.38%, 12/01/16		1,012				1,003,842
	Second Lien Term Loan 1, 9.50%, 1/29/16		578				602,024
Twin River Worldwide Holdings, Inc., Term Loan B, 5.25%, 9/27/18			1,430				1,446,088
Wendy's International, Inc., Term Loan B, 3.25%, 5/15/19			845				849,645

							31,037,650

Floating Rate Loan Interests (b)				Par (000)		Value

Household Products — 0.4%
Anchor Hocking LLC, Term Loan, 7.50%, 5/06/20		USD	240		$		242,400
Prestige Brands, Inc., Term Loan, 3.75%, 1/31/19			674				679,158
Spectrum Brands, Inc., Term Loan, 4.50% - 5.50%, 12/17/19			1,172				1,185,042
Waddington North America Inc.:
	First Lien Term Loan, 4.75%, 5/15/20		385				385,962
	Second Lien Term Loan, 8.50%, 11/16/20		475				477,375

							2,969,937

Independent Power Producers & Energy Traders — 0.7%
The AES Corp., Term Loan B, 3.75%, 6/01/18			383				386,691
Calpine Corp., Term Loan B1, 4.00%, 4/02/18			1,062				1,070,315
La Frontera Generation, LLC, Term Loan, 4.50%, 9/30/20			1,955				1,969,663
Star West Generation LLC, Term Loan B, 5.00%, 3/13/20			1,030				1,032,575

							4,459,244

Industrial Conglomerates — 0.3%
Sequa Corp., Term Loan B, 5.25%, 6/19/17			1,848				1,865,822

Insurance — 1.1%
Alliant Holdings I, Inc., Term Loan B, 5.00%, 12/20/19			1,072				1,077,674
Asurion LLC, Term Loan B1, 4.50%, 5/24/19			1,541				1,547,472
CNO Financial Group, Inc.:
	Term Loan B1, 3.00%, 9/28/16		941				945,795
	Term Loan B2, 3.75%, 9/20/18		1,352				1,359,170
Cooper Gay Swett & Crawford Ltd.: First Lien Term Loan, 5.00%, 4/06/20			1,060				1,071,925
Second Lien Term Loan, 8.25%, 10/05/20			500				508,750
Cunningham Lindsey US, Inc., First Lien Term Loan, 5.00%, 12/10/19			928				935,792

							7,446,578

Internet Software & Services — 0.1%
Web.com Group, Inc., Term Loan B, 4.50%, 10/27/17			930				942,479

IT Services — 1.4%
CCC Information Services, Inc., Term Loan, 4.00%, 12/20/19			309				310,771

BLACKROCK LIMITED DURATION INCOME TRUST

MAY 31, 2013

Consolidated Schedule of Investments (continued)

BlackRock Limited Duration Income Trust (BLW)

(Percentages shown are based on Net Assets)

Floating Rate Loan Interests (b)				Par (000)		Value

IT Services (concluded)
Ceridian Corp., Extended Term Loan, 5.95%, 5/09/17		USD	1,084		$		1,091,413
First Data Corp.:
	Extended 2018 Term Loan B, 4.20%, 3/23/18		2,344				2,333,466
	Term Loan, 4.20%, 3/24/17		0.00				0.00
	Term Loan, 4.20%, 9/24/18		1,805				1,795,722
InfoGroup, Inc., Term Loan, 7.50%, 5/25/18			754				685,985
SunGard Data Systems, Inc.:
	Term Loan D, 4.50%, 1/31/20		389				393,888
	Term Loan E, 4.00%, 3/08/20		435				439,624
TransUnion LLC, Term Loan, 4.25%, 2/10/19			2,591				2,608,782

							9,659,651

Life Sciences Tools & Services — 0.1%
Patheon, Inc., Term Loan, 7.25%, 12/06/18			468				473,496

Machinery — 1.3%
Alliance Laundry Systems LLC, Term Loan, 4.50%, 12/07/18			298				300,534
Dematic S.A., Term Loan, 5.25%, 12/27/19			1,441				1,452,198
Generac Power Systems, Inc., Term Loan B, 3.50%, 5/30/20			1,425				1,424,401
Intelligrated, Inc., First Lien Term Loan, 4.50% - 5.50%, 7/30/18			1,095				1,101,341
Navistar International Corp., Term Loan B, 5.75%, 8/07/17			525				534,835
Rexnord LLC, Term Loan B, 3.75%, 4/02/18			1,234				1,247,827
Silver II US Holdings LLC, Term Loan, 4.00%, 12/13/19			1,312				1,311,988
Terex Corp., Term Loan B, 5.00%, 4/28/17		EUR	176				230,417
Wabash National Corp., Term Loan B, 4.50% - 7.00%, 5/02/19		USD	1,177				1,183,230

							8,786,771

Media — 6.3%
AMC Entertainment, Inc., Term Loan, 3.50%, 4/30/20			800				801,624
Capsugel Holdings US, Inc., Term Loan B, 4.75%, 8/01/18			617				622,303
Cengage Learning Acquisitions, Inc., Tranche 1 Incremental, 7.50%, 7/03/14			2,010				1,578,981
Charter Communications Operating LLC, Term Loan D, 3.00%, 4/10/20			1,835				1,823,862
Clear Channel Communications, Inc.:
	Term Loan B, 3.84%, 1/29/16		781				725,190
	Term Loan C, 3.84%, 1/29/16		211				194,679
	Term Loan D, 6.94%, 1/22/19		3,593				3,352,701
Floating Rate Loan Interests (b)				Par (000)		Value

Media (concluded)
Cumulus Media, Inc., First Lien Term Loan, 4.50%, 9/17/18		USD	1,417		$		1,429,293
EMI Music Publishing Ltd., Term Loan B, 4.25%, 6/29/18			766				770,701
Fender Musical Instrument Corp., Term Loan B, 5.75%, 4/03/19			275				274,428
Foxco Acquisition Sub LLC, Term Loan B, 5.50%, 7/14/17			1,168				1,182,754
Getty Images, Inc., Term Loan B, 4.75%, 10/18/19			1,515				1,523,027
Houghton Mifflin Harcourt Publishing Co., DIP Term Loan B, 5.25%, 6/01/18			2,158				2,158,200
Hubbard Broadcasting, Term Loan B, 4.50%, 4/28/17			726				729,456
Intelsat Jackson Holdings Ltd., Term Loan, 5.25%, 2/03/14			3,318				3,315,058
Intelsat Jackson Holdings SA, Term Loan B1, 4.25%, 4/02/18			4,159				4,183,224
Interactive Data Corp., Term Loan B, 3.75%, 2/11/18			2,126				2,131,294
Kabel Deutschland GmbH, Term Loan F1, 3.25%, 2/01/19			685				684,315
Lavena Holding 4 GmbH:
	Term Loan B, 2.62%, 3/06/15	EUR	304				390,662
	Term Loan C, 3.00%, 3/04/16		304				392,636
Lavena Holding 4 GmbH (Prosiebensat.1 Media AG), Second Lien Term Loan, 4.12%, 9/02/16			904				1,156,217
NEP Supershooters LP:
	Second Lien Term Loan, 9.50%, 8/18/20	USD	340				350,768
	Term Loan, 4.75%, 1/18/20		1,676				1,693,614
Rentpath, Inc., Term Loan B, 6.25%, 5/02/20			1,000				983,750
Salem Communications Corp., Term Loan B, 4.50%, 3/16/20			1,035				1,047,265
Univision Communications, Inc., Converted Extended Term Loan, 4.50%, 3/02/20			2,454				2,447,441
UPC Financing Partnership, Term Loan AG, 3.87%, 3/26/21		EUR	442				575,433
Virgin Media Investment Holdings:
	Term Loan B, 4.50%, 2/15/20	GBP	2,340				3,583,730
	Term Loan B, 3.50%, 2/17/20	USD	410				409,209
WC Luxco Sarl, Term Loan B3, 4.25%, 3/15/18			525				527,637
WideOpenWest Finance LLC, Term Loan B, 4.75%, 3/26/19			739				744,500

							41,783,952

BLACKROCK LIMITED DURATION INCOME TRUST

MAY 31, 2013

Consolidated Schedule of Investments (continued)

BlackRock Limited Duration Income Trust (BLW)

(Percentages shown are based on Net Assets)

Floating Rate Loan Interests (b)				Par (000)		Value

Metals & Mining — 1.8%
Ameriforge Group, Inc.:
	First Lien Term Loan, 6.00%, 12/19/19	USD	948		$		958,684
	Second Lien Term Loan, 8.75%, 12/18/20		470				479,400
Constellium Holdco BV, Term Loan B, 6.25%, 3/25/20			1,355				1,377,019
FMG America Finance, Inc., Term Loan, 5.25%, 10/18/17			2,999				3,012,948
Murray Energy Corp., Term Loan B, 4.75%, 5/24/19			350				352,013
Novelis, Inc., Term Loan, 3.75%, 3/10/17			3,881				3,934,016
Walter Energy, Inc., Term Loan B, 5.75%, 4/02/18			258				259,284
Windsor Financing LLC, Term Loan B, 6.25%, 12/05/17			1,603				1,654,904

							12,028,268

Multiline Retail — 1.0%
99 Cents Only Stores, Term Loan, 5.25%, 1/11/19			794				804,532
Apex Tool Group LLC, Term Loan B, 4.50%, 2/01/20			700				704,487
BJ's Wholesale Club, Inc.:
	Replacement Term Loan, 4.25%, 9/26/19		592				593,692
	Second Lien Term Loan, 9.75%, 3/26/20		545				558,353
HEMA Holding BV:
	Second Lien Term Loan, 5.12%, 1/05/17	EUR	2,600				3,156,312
	Term Loan B, 2.12%, 7/06/15		334				425,163
	Term Loan C, 2.87%, 7/05/16		334				427,331

							6,669,870

Oil, Gas & Consumable Fuels — 2.7%
Chesapeake Energy Corp., Unsecured Term Loan, 5.75%, 12/01/17		USD	2,595				2,658,396
Gibson Energy ULC, Term Loan B, 4.75%, 6/15/18			1,226				1,240,674
GIM Channelview Cogeneration, LLC, Term Loan B, 4.25%, 5/04/20			830				832,075
Obsidian Natural Gas Trust, Term Loan, 7.00%, 11/02/15			1,828				1,837,201
Pacific Drilling S.A., Term Loan B, 4.50%, 5/30/18			1,005				1,009,080
Panda Temple Power LCC, Term Loan B, 7.25%, 4/03/19			900				919,125
Philadelphia Energy Solutions LLC, Term Loan B, 6.25%, 4/04/18			1,490				1,516,075
Power Team Services, LLC:
	Delayed Draw Term Loan, 0.50%, 5/06/20		44				44,472
Floating Rate Loan Interests (b)				Par (000)		Value

Oil, Gas & Consumable Fuels (concluded)
Power Team Services, LLC (concluded):
	First Lien Term Loan, 4.25%, 5/06/20	USD	356		$		355,780
	Second Lien Term Loan, 8.25%, 11/06/20		275				273,625
Ruby Western Pipeline Holdings LLC, Term Loan B, 3.50%, 3/27/20			1,115				1,120,575
Samson Investment Co., Second Lien Term Loan, 6.00%, 9/25/18			740				743,885
Teine Energy Ltd., Second Lien Term Loan, 7.50%, 5/09/19			695				696,738
Tesoro Corp., Term Loan B, 2.25%, 1/29/16			1,375				1,388,750
Total Safety US, Inc.:
	First Lien Term Loan, 5.75%, 2/21/20		1,040				1,046,500
	Second Lien Term Loan, 9.25%, 8/21/20		404				410,047
Vantage Drilling Co.:
	Term Loan, 6.25%, 10/26/17		982				991,098
	Term Loan B, 5.75%, 3/22/19		735				743,577

							17,827,673

Paper & Forest Products — 0.1%
NewPage Corp., Exit Term Loan, 7.75%, 12/21/18			825				841,500

Pharmaceuticals — 1.1%
Aptalis Pharma, Inc., Term Loan B, 5.50%, 2/10/17			1,466				1,470,531
Par Pharmaceutical Co., Inc., Term Loan B, 4.25%, 9/30/19			1,670				1,671,791
Pharmaceutical Product Development, Inc., Term Loan B, 4.25%, 12/05/18			1,715				1,725,790
RPI Finance Trust, Incremental Tranche 2, 4.00%, 11/09/18			457				458,278
Valeant Pharmaceuticals International, Inc., Term Loan C1, 3.50%, 12/11/19			559				561,656
Warner Chilcott Corp.:
	Incremental Term Loan B1, 4.25%, 3/15/18		290				291,473
	Term Loan B1, 4.25%, 3/15/18		666				669,580
	Term Loan B2, 4.25%, 3/15/18		236				237,265

							7,086,364

Professional Services — 0.7%
Booz Allen Hamilton, Inc., Term Loan B, 4.50%, 7/31/19			1,383				1,392,275
Emdeon, Inc., Term Loan B2, 3.75%, 11/02/18			615				618,600

BLACKROCK LIMITED DURATION INCOME TRUST

MAY 31, 2013

Consolidated Schedule of Investments (continued)

BlackRock Limited Duration Income Trust (BLW)

(Percentages shown are based on Net Assets)

Floating Rate Loan Interests (b)				Par (000)		Value

Professional Services (concluded)
ON Assignment, Inc, Term Loan B, 3.50%, 4/30/20		USD	455		$		457,412
Sirva Worldwide, Inc., Term Loan, 7.50%, 3/27/19			1,070				1,061,975
Truven Health Analytics, Inc., Term Loan B, 4.50%, 6/01/19			1,181				1,183,047

							4,713,309

Real Estate Investment Trusts (REITs) — 0.5%
iStar Financial, Inc., Term Loan, 4.50%, 9/28/17			3,300				3,332,075

Real Estate Management & Development — 0.5%
Realogy Corp.:
	Extended Letter of Credit, 0.04%, 10/10/16		102				103,351
	Extended Term Loan, 4.50%, 3/05/20		2,970				2,996,611

							3,099,962

Road & Rail — 0.1%
Road Infrastructure Investment LLC, Term Loan B, 6.25%, 3/30/18			629				634,217

Semiconductors & Semiconductor Equipment — 0.4%
Freescale Semiconductor, Inc., Term Loan B4, 5.00%, 3/02/20			1,575				1,582,024
NXP BV, Term Loan C, 4.75%, 1/11/20			978				997,101

							2,579,125

Software — 1.3%
CompuCom Systems, Inc., Term Loan B, 4.25%, 5/08/20			320				321,200
Evertec, Inc., Term Loan B, 3.50%, 4/15/20			465				463,721
GCA Services Group, Inc.:
	Second Lien Term Loan, 9.25%, 10/22/20		700				710,500
	Term Loan B, 5.25%, 11/01/19		559				562,200
Infor US, Inc., Term Loan B2, 5.25% - 6.25%, 4/05/18			1,357				1,369,552
Kronos, Inc., Second Lien Term Loan, 9.75%, 4/30/20			1,170				1,222,650
RP Crown Parent LLC, First Lien Term Loan, 6.75%, 12/21/18			918				930,034
Sophia LP, Term Loan B, 4.50%, 7/19/18			889				895,257
SS&C Technologies, Inc.:
	Term Loan B-1, 5.00%, 6/07/19		1,178				1,184,302
	Term Loan B-2, 5.00%, 6/07/19		122				122,514
Floating Rate Loan Interests (b)				Par (000)		Value

Software (concluded)
StoneRiver Holdings, Inc.:
	First Lien Term Loan, 4.75%, 11/20/19	USD	825		$		825,347
	Second Lien Term Loan, 8.75%, 11/20/20		405				405,000

							9,012,277

Specialty Retail — 1.9%
Academy Ltd., Term Loan, 4.75%, 8/03/18			1,778				1,792,801
Bass Pro Group LLC, Term Loan, 4.00%, 11/20/19			823				826,634
Burlington Coat Factory Warehouse Corp., Term Loan B1, 5.50%, 2/23/17			200				200,862
David's Bridal, Inc., Term Loan B, 5.00%, 10/11/19			953				958,166
Equinox Holdings, Inc, Repriced Term Loan B, 4.25%, 1/31/20			1,140				1,147,125
Harbor Freight Tools USA, Inc., Term Loan B, 6.50%, 11/14/17			526				533,037
Michaels Stores, Inc., Term Loan, 3.75%, 1/28/20			605				607,565
Party City Holdings, Inc., Term Loan B, 4.25%, 7/29/19			1,796				1,795,949
PETCO Animal Supplies, Inc., Term Loan, 4.00%, 11/24/17			904				912,397
Reddy Ice Corp.:
	First Lien Term Loan, 6.75%, 3/28/19		1,490				1,495,588
	Secod Lien Term Loan, 10.75%, 11/01/19		1,380				1,380,000
SRAM LLC, Term Loan B, 4.00% - 5.25%, 6/07/18			436				436,237
Toys ‘R’ Us Delaware, Inc., Term Loan B3, 5.25%, 5/25/18			245				242,888
The Yankee Candle Co., Inc., Term Loan B, 5.25%, 4/02/19			540				540,560

							12,869,809

Textiles, Apparel & Luxury Goods — 0.3%
Ascend Performance Materials LLC, Term Loan B, 6.75%, 4/10/18			1,262				1,268,561
Wolverine Worldwide, Inc., Term Loan B, 4.00%, 7/31/19			708				714,447

							1,983,008

Thrifts & Mortgage Finance — 0.3%
Insight Global, Inc., First Lien Term Loan, 6.00%, 10/31/19			868				874,334
Ocwen Financial Corp., Term Loan, 5.00%, 2/15/18			815				824,511

							1,698,845

BLACKROCK LIMITED DURATION INCOME TRUST

MAY 31, 2013

Consolidated Schedule of Investments (continued)

BlackRock Limited Duration Income Trust (BLW)

(Percentages shown are based on Net Assets)

Floating Rate Loan Interests (b)				Par (000)		Value

Trading Companies & Distributors — 0.1%
WESCO Distribution, Inc., Term Loan B, 4.50%, 12/12/19		USD	768		$		772,545

Wireless Telecommunication Services — 1.7%
Cricket Communications, Inc., Term Loan, 4.75%, 10/10/19			1,157				1,162,886
Light Tower Fiber LLC, First Lien Term Loan, 4.50%, 4/13/20			1,550				1,562,601
Vodafone Americas Finance 2, Inc., PIK Term Loan, 6.88%, 8/11/15 (i)			8,583				8,690,629

							11,416,116

Total Floating Rate Loan Interests – 51.5%						343,152,519

Foreign Agency Obligations — 0.5% -

Slovenia Government Bond, Series RS65, 4.38%, 4/02/14		EUR	2,550				3,339,451

Non-Agency Mortgage-Backed Securities

Collateralized Mortgage Obligations — 2.6%
Adjustable Rate Mortgage Trust, Series 2007-1, Class 3A21, 5.51%, 3/25/37 (b)		USD	684				677,711
Countrywide Alternative Loan Trust, Series 2005-54CB, Class 3A4, 5.50%, 11/25/35			6,273				5,516,252
Countrywide Home Loan Mortgage Pass-Through Trust:
	Series 2005-17, Class 1A6 5.50%, 9/25/35		1,937				1,956,057
	Series 2006-17, Class A2 6.00%, 12/25/36		3,779				3,513,471
	Series 2007-HY5, Class 3A1 5.46%, 9/25/37 (b)		2,560				2,312,066
GSR Mortgage Loan Trust, Series 2005-AR5, Class 2A3, 2.89%, 10/25/35 (b)			2,174				1,944,651
Morgan Stanley Reremic Trust, Series 2010-R4, Class 4A, 0.48%, 2/26/37 (a)(b)			1,258				1,244,321

							17,164,529

Commercial Mortgage-Backed Securities — 8.2%
Banc of America Commercial Mortgage, Inc. (b):
	Series 2007-3, Class A2 5.86%, 6/10/49		210				210,558
Non-Agency Mortgage-Backed Securities				Par (000)		Value

Commercial Mortgage-Backed Securities (continued)
Banc of America Commercial Mortgage, Inc. (b) (concluded):
	Series 2007-4, Class A4 5.93%, 2/10/51	USD	2,150		$		2,461,554
Citigroup/Deutsche Bank Commercial Mortgage Trust, Series 2007-CD4, Class A2B, 5.21%, 12/11/49			279				281,181
Commercial Mortgage Pass-Through Certificates:
	Series 2013-LC6, Class B 3.74%, 1/10/46		1,110				1,117,328
	Series 2013-LC6, Class D 4.43%, 1/10/46 (a)(b)		1,330				1,223,008
Credit Suisse Mortgage Capital Certificates:
	Series 2006-C5, Class AM 5.34%, 12/15/39		1,850				2,029,992
	Series 2007-C2, Class A2 5.45%, 1/15/49 (b)		81				81,535
	Series 2007-C4, Class A3 5.95%, 9/15/39 (b)		2,815				2,917,618
	Series 2007-C5, Class AAB 5.62%, 9/15/40 (b)		1,753				1,850,763
First Union Commercial Mortgage Securities, Inc., Series 1997-C2, Class G, 7.50%, 11/18/29 (a)(b)			1,185				1,239,360
Greenwich Capital Commercial Funding Corp.:
	Series 2006-GG7, Class AM 6.06%, 7/10/38 (b)		1,610				1,787,797
	Series 2007-GG9, Class A4 5.44%, 3/10/39		2,110				2,375,404
GS Mortgage Securities Corp. II, Series 2006-GG6, Class AM, 5.62%, 4/10/38 (b)			3,680				4,008,293
GS Mortgage Securities Trust, Series 2013-GC10, Class B, 3.68%, 2/10/46 (a)			1,995				1,979,974
JPMorgan Chase Commercial Mortgage Securities Corp.:
	Series 2007-CB18, Class A4 5.44%, 6/12/47		2,110				2,372,864
	Series 2007-CB19, Class A4 5.90%, 2/12/49 (b)		2,140				2,435,318
JPMorgan Chase Commercial Mortgage Securities Trust, Series 2004-LN2, Class A2, 5.12%, 7/15/41			2,315				2,408,274
LB-UBS Commercial Mortgage Trust (b):
	Series 2007-C2, Class AM, 5.49%, 2/15/40		2,500				2,642,265
	Series 2007-C6, Class A4 5.86%, 7/15/40		4,745				5,337,200

BLACKROCK LIMITED DURATION INCOME TRUST

MAY 31, 2013

Consolidated Schedule of Investments (continued)

BlackRock Limited Duration Income Trust (BLW)

(Percentages shown are based on Net Assets)

Non-Agency Mortgage-Backed Securities				Par (000)		Value

Commercial Mortgage-Backed Securities (concluded)
Morgan Stanley Capital I, Series 2007-IQ15, Class A2, 6.05%, 6/11/49 (b)		USD	1,348		$		1,370,950
Talisman Finance Plc, Series 6, Class A, 0.39%, 10/22/16 (b)		EUR	2,055				2,470,814
Titan Europe Plc, Series 2007-1X, Class A, 0.75%, 1/20/17 (b)		GBP	2,548				3,310,342
Wachovia Bank Commercial Mortgage Trust, Series 2007-C33, Class A4, 6.12%, 2/15/51 (b)		USD	2,030				2,294,273
WF-RBS Commercial Mortgage Trust:
	Series 2012-C8, Class B 4.31%, 8/15/45		1,085				1,148,642
	Series 2012-C8, Class C 5.04%, 8/15/45 (b)		1,395				1,505,817
	Series 2013-C11, Class D 4.32%, 3/15/45 (a)(b)		1,400				1,279,905
Windermere CMBS Plc, Series XI-X, Class A, 0.76%, 4/24/17		GBP	1,807				2,683,974

							54,825,003

Interest Only Commercial Mortgage-Backed Securities — 0.7%
Morgan Stanley Capital I Trust, Series 2012-C4, Class XA, 2.87%, 3/15/45 (a)(b)		USD	15,406				2,149,993
WF-RBS Commercial Mortgage Trust, Series 2012-C9, Class XA, 2.43%, 11/15/45 (a)(b)			16,960				2,349,174

							4,499,167

Total Non-Agency Mortgage-Backed Securities – 11.5%						76,488,699

Other Interests (m)				Beneficial Interest (000)

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

Construction Materials — 0.0%
USI Senior Holdings (d)			6,454				—

Diversified Financial Services — 0.1%
J.G. Wentworth LLC Preferred Equity Interests			1				828,747

Household Durables — 0.0%
Berkline Benchcraft Equity LLC (d)			3				—

Total Other Interests – 0.1%						838,747

Preferred Securities				Par (000)			Value

Capital Trusts

Commercial Banks — 0.2%
Wachovia Capital Trust III, 5.57% (b)(e)(j)	USD	1,503				$		1,627,031

Insurance — 0.8%
AXA SA, 6.46% (a)(b)(e)(j)		1,625						1,653,438
Genworth Holdings, Inc., 6.15%, 11/15/66 (b)(e)		1,850						1,739,000
Liberty Mutual Group, Inc., 7.00%, 3/07/67 (a)(b)(e)		1,575						1,645,875
								5,038,313

Total Capital Trusts – 1.0%							6,665,344

Preferred Stocks				Shares

Auto Components — 0.2%
Dana Holding Corp., 4.00% (a)(f)			9,210					1,467,268

Trust Preferreds

Diversified Financial Services — 0.6%
GMAC Capital Trust I, Series 2, 8.13%, 2/15/40 (b)		147,900						3,922,077

Total Preferred Securities – 1.8%							12,054,689

				Par (000)
Municipal Bonds — 0.2%

State of California, GO, Various Purpose 3, Mandatory Put Bonds, 5.10%, 8/01/14		USD			1,350		1,380,807

BLACKROCK LIMITED DURATION INCOME TRUST

MAY 31, 2013

Consolidated Schedule of Investments (continued)

BlackRock Limited Duration Income Trust (BLW)

(Percentages shown are based on Net Assets)

					Par (000)		Value
US Government Sponsored Agency Securities

Collateralized Mortgage Obligations — 0.5%
Freddie Mac Mortgage-Backed Securities, Series 3986, Class M, 4.50%, 9/15/41 (e)			USD	2,893		$		3,204,097

Interest Only Collateralized Mortgage Obligations — 1.5%
Fannie Mae Mortgage-Backed Securities:
		Series 2010-126, Class UI, 5.50%, 10/25/40		10,028				1,399,181
		Series 2012-M9, Class X1, 4.25%, 12/25/17 (b)		21,037				3,195,879
Freddie Mac Mortgage-Backed Securities (b):
		Series K021, Class X1, 1.65%, 6/25/22		11,111				1,196,511
		Series K707, Class X1, 1.69%, 12/25/18		43,173				3,234,729
		Series K710, Class X1, 1.91%, 5/25/19		13,397				1,218,096
								10,244,396

Mortgage-Backed Securities — 5.1%
Fannie Mae Mortgage-Backed Securities (e):
		5.00%, 7/01/20 - 8/01/23		9,084				9,725,817
		3.50%, 8/01/26		9,985				10,658,954
Freddie Mac Mortgage-Backed Securities, 4.50%, 4/01/25 (e)				12,374				13,287,450
								33,672,221

Total US Government Sponsored Agency Securities – 7.1%							47,120,714

					Shares
Warrants (n)

Software — 0.0%
Bankruptcy Management Solutions, Inc. (Expires 9/28/17)				435				—
					Shares		Value
Warrants (n)

Software (concluded)
HMH Holdings/EduMedia (Issued/Exercisable 3/09/10, 19 Shares for 1 Warrant, Expires 6/22/19, Strike Price $42.27)				3,100				—
__________________________________________________
								—

Total Warrants – 0.0%							—

Total Long-Term Investments (Cost – $987,312,358) – 150.7%							$ 1,003,001,032

Short-Term Securities

BlackRock Liquidity Funds, TempFund, Institutional Class, 0.06% (o)(p)				6,889,336				6,889,336

Total Short-Term Securities (Cost – $6,889,336) – 1.0%							6,889,336

Options Purchased							Contracts

(Cost – $44,978) – 0.0%							—

Total Investments (Cost — *$994,246,672)** – 151.7%							1,009,890,368
Liabilities in Excess of Other Assets – (51.7)%							(343,972,776)
__________________________________________________
Net Assets – 100.0%						$	665,917,592


*	As of May 31, 2013, gross unrealized appreciation and gross unrealized depreciation based on cost for federal income tax purposes were as follows:
	Tax cost					$	993,007,519

	Gross unrealized appreciation					$	35,792,038
	Gross unrealized depreciation						(18,909,189)
__________________________________________________
	Net unrealized appreciation					$	16,882,849

Notes to Schedule of Investments

(a)

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.

(b)

Variable rate security. Rate shown is as of report date.

BLACKROCK LIMITED DURATION INCOME TRUST

MAY 31, 2013

Consolidated Schedule of Investments (continued)

BlackRock Limited Duration Income Trust (BLW)

(c)

When-issued security. Unsettled when-issued transactions were as follows:

Counterparty

Value

Unrealized
Appreciation
(Depreciation)

Bank of America Corp.

486,900

—

Cantor Fitzgerald, L.P.

2,440,735

(15,565)

Citigroup, Inc.

491,445

45,361

Credit Suisse Group AG

2,695,000

(55,000)

Goldman Sachs Group, Inc.

592,020

(5,980)

Jefferies & Co.

234,600

(5,400)

(d)

Non-income producing security.

(e)

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

(f)

Convertible security.

(g)

Represents a zero-coupon bond. Rate shown reflects the current yield as of report date.

(h)

All or a portion of security has been pledged in connection with open financial futures contracts.

(i)

Represents a payment-in-kind security which may pay interest/dividends in additional par/shares.

(j)

Security is perpetual in nature and has no stated maturity date.

(k)

Represents a step-up bond that pays an initial coupon rate for the first period and then a higher coupon rate for the following periods. Rate shown is as of report date.

(l)

Issuer filed for bankruptcy and/or is in default of principal and/or interest payments.

(m)

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

(n)

Warrants entitle the Trust to purchase a predetermined number of shares of common stock and are non-income producing. The purchase price and number of shares are subject to adjustment under certain conditions until the expiration date of the warrants, if any.

(o)

Investments in issuers considered to be an affiliate of the Trust during the period ended May 31, 2013, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

Affiliate

Shares
Held at
August 31, 2012

Net
Activity

Shares
Held at
May 31, 2013

Income

BlackRock Liquidity Funds, TempFund, Institutional Class

2,323,267

4,566,069

6,889,336

5,804

(p)

Represents the current yield as of report date.

Portfolio Abbreviations

To simplify the listings of portfolio holdings in the Schedule of Investments, the names and descriptions of many of the securities have been abbreviated according to the following list:

CAD

Canadian Dollar

DIP

Debtor-In-Possession

EUR

Euro

FKA

Formerly Known As

GBP

British Pound

General Obligation Bonds

USD

US Dollar

BLACKROCK LIMITED DURATION INCOME TRUST

MAY 31, 2013

Consolidated Schedule of Investments (continued)

BlackRock Limited Duration Income Trust (BLW)

•	Reverse repurchase agreements outstanding as of May 31, 2013 were as follows:

	Counterparty	Interest Rate	Trade Date	Maturity Date¹		Face Value				Face Value Including Accrued Interest

	Credit Suisse Securities (USA) LLC	0.65%	8/29/12	Open	$		315,000	$	316,570
	Barclays Capital, Inc.	0.60%	9/10/12	Open			419,012		420,849
	Barclays Capital, Inc.	0.60%	9/12/12	Open			435,395		437,296
	Credit Suisse Securities (USA) LLC	0.65%	9/13/12	Open			776,950		780,611
	Barclays Capital, Inc.	0.60%	9/19/12	Open			2,151,988		2,161,134
	Barclays Capital, Inc.	0.60%	9/19/12	Open			1,730,250		1,737,604
	Barclays Capital, Inc.	0.60%	9/19/12	Open			921,552		925,438
	Credit Suisse Securities (USA) LLC	0.65%	9/19/12	Open			821,406		825,158
	UBS Securities LLC	0.65%	9/26/12	Open			698,827		701,956
	UBS Securities LLC	0.34%	9/28/12	Open			3,074,638		3,081,781
	UBS Securities LLC	0.65%	10/04/12	Open			1,637,685		1,644,752
	Barclays Capital, Inc.	0.65%	10/10/12	Open			1,128,000		1,132,745
	UBS Securities LLC	0.65%	10/15/12	Open			513,300		515,413
	Credit Suisse Securities (USA) LLC	0.65%	10/26/12	Open			1,147,006		1,151,521
	UBS Securities LLC	(0.50%)	10/26/12	Open			885,587		882,906
	UBS Securities LLC	0.65%	10/26/12	Open			880,412		883,877
	UBS Securities LLC	0.65%	10/26/12	Open			1,653,388		1,659,896
	Credit Suisse Securities (USA) LLC	0.70%	10/30/12	Open			1,168,738		1,173,579
	Credit Suisse Securities (USA) LLC	0.65%	11/01/12	Open			4,156,238		4,172,147
	Barclays Capital, Inc.	0.50%	11/06/12	Open			244,531		245,234
	Barclays Capital, Inc.	0.60%	11/16/12	Open			688,185		690,445
	Credit Suisse Securities (USA) LLC	0.65%	11/19/12	Open			242,332		243,181
	Credit Suisse Securities (USA) LLC	0.65%	11/19/12	Open			1,255,894		1,260,293
	Credit Suisse Securities (USA) LLC	0.65%	11/19/12	Open			1,215,000		1,219,256
	Credit Suisse Securities (USA) LLC	0.65%	11/19/12	Open			204,500		205,213
	UBS Securities LLC	0.65%	12/06/12	Open			585,612		587,484
	Barclays Capital, Inc.	0.65%	1/15/13	Open			594,529		596,000
	Deutsche Bank Securities, Inc.	(1.00%)	1/15/13	Open			581,000		578,805
	Deutsche Bank Securities, Inc.	(0.63%)	1/15/13	Open			1,645,000		1,641,116
	Deutsche Bank Securities, Inc.	(0.50%)	1/15/13	Open			851,000		849,393
	Deutsche Bank Securities, Inc.	0.50%	1/15/13	Open			1,416,000		1,418,675
	Deutsche Bank Securities, Inc.	0.55%	1/15/13	Open			632,000		633,313
	Deutsche Bank Securities, Inc.	0.55%	1/15/13	Open			2,496,000		2,501,186
	Deutsche Bank Securities, Inc.	0.55%	1/15/13	Open			1,544,000		1,547,208
	Deutsche Bank Securities, Inc.	0.55%	1/15/13	Open			976,000		978,028

BLACKROCK LIMITED DURATION INCOME TRUST

MAY 31, 2013

Consolidated Schedule of Investments (continued)

BlackRock Limited Duration Income Trust (BLW)

•	Reverse repurchase agreements outstanding as of May 31, 2013 were as follows (continued):

	Counterparty	Interest Rate	Trade Date	Maturity Date¹		Face Value				Face Value Including Accrued Interest

	Deutsche Bank Securities, Inc.	0.55%	1/15/13	Open	$		289,000	$	289,600
	Deutsche Bank Securities, Inc.	0.57%	1/15/13	Open			303,000		303,652
	Deutsche Bank Securities, Inc.	0.57%	1/15/13	Open			1,258,000		1,260,709
	Deutsche Bank Securities, Inc.	0.57%	1/15/13	Open			679,000		680,462
	Deutsche Bank Securities, Inc.	0.57%	1/15/13	Open			4,654,000		4,664,022
	Deutsche Bank Securities, Inc.	0.58%	1/15/13	Open			167,000		167,366
	Deutsche Bank Securities, Inc.	0.58%	1/15/13	Open			587,000		588,286
	Deutsche Bank Securities, Inc.	0.58%	1/15/13	Open			1,030,000		1,032,257
	Deutsche Bank Securities, Inc.	0.58%	1/15/13	Open			1,264,000		1,266,770
	Deutsche Bank Securities, Inc.	0.58%	1/15/13	Open			1,994,000		1,998,369
	Deutsche Bank Securities, Inc.	0.60%	1/15/13	Open			1,895,000		1,899,295
	Deutsche Bank Securities, Inc.	0.60%	1/15/13	Open			865,000		866,961
	Deutsche Bank Securities, Inc.	0.60%	1/15/13	Open			825,000		826,870
	Deutsche Bank Securities, Inc.	0.65%	1/15/13	Open			790,000		791,940
	Deutsche Bank Securities, Inc.	0.65%	1/15/13	Open			445,000		446,093
	Deutsche Bank Securities, Inc.	0.70%	1/15/13	Open			788,000		790,084
	Deutsche Bank Securities, Inc.	0.57%	1/17/13	Open			354,614		355,372
	Deutsche Bank Securities, Inc.	0.65%	1/17/13	Open			900,900		903,096
	Deutsche Bank Securities, Inc.	(0.10%)	1/18/13	Open			1,123,744		1,123,326
	Deutsche Bank Securities, Inc.	0.58%	1/30/13	Open			476,935		477,872
	Deutsche Bank Securities, Inc.	0.58%	1/30/13	Open			915,000		916,798
	Deutsche Bank Securities, Inc.	0.58%	1/30/13	Open			837,630		839,276
	Deutsche Bank Securities, Inc.	0.65%	1/30/13	Open			1,122,900		1,125,373
	UBS Securities LLC	0.50%	1/30/13	Open			971,100		972,745
	UBS Securities LLC	0.50%	1/30/13	Open			1,862,820		1,865,976
	UBS Securities LLC	0.60%	1/30/13	Open			1,981,206		1,985,234
	Deutsche Bank Securities, Inc.	0.58%	1/31/13	Open			1,368,750		1,371,396
	Deutsche Bank Securities, Inc.	0.58%	1/31/13	Open			947,520		949,352
	UBS Securities LLC	0.65%	1/31/13	Open			547,200		548,395

BLACKROCK LIMITED DURATION INCOME TRUST

MAY 31, 2013

Consolidated Schedule of Investments (continued)

BlackRock Limited Duration Income Trust (BLW)

•	Reverse repurchase agreements outstanding as of May 31, 2013 were as follows (continued):

	Counterparty	Interest Rate	Trade Date	Maturity Date¹		Face Value				Face Value Including Accrued Interest

	Barclays Capital, Inc.	0.35%	2/07/13	Open	$		1,178,534	$	1,179,829
	Barclays Capital, Inc.	0.35%	2/07/13	Open			3,115,905		3,119,328
	Barclays Capital, Inc.	0.55%	2/07/13	Open			1,938,969		1,942,316
	Barclays Capital, Inc.	0.60%	2/07/13	Open			335,729		336,361
	Barclays Capital, Inc.	0.60%	2/07/13	Open			1,533,783		1,536,672
	Barclays Capital, Inc.	0.60%	2/07/13	Open			229,755		230,188
	Barclays Capital, Inc.	0.60%	2/07/13	Open			592,144		593,259
	Barclays Capital, Inc.	0.60%	2/07/13	Open			918,045		919,774
	Barclays Capital, Inc.	0.60%	2/07/13	Open			292,304		292,855
	Barclays Capital, Inc.	0.60%	2/07/13	Open			1,000,721		1,002,606
	Barclays Capital, Inc.	0.60%	2/07/13	Open			633,994		635,188
	Barclays Capital, Inc.	0.60%	2/07/13	Open			2,862,000		2,867,390
	Barclays Capital, Inc.	0.60%	2/07/13	Open			1,673,438		1,676,590
	Barclays Capital, Inc.	0.60%	2/07/13	Open			1,877,899		1,881,436
	Barclays Capital, Inc.	0.60%	2/07/13	Open			308,142		308,722
	Barclays Capital, Inc.	0.60%	2/07/13	Open			507,052		508,007
	Barclays Capital, Inc.	0.60%	2/07/13	Open			662,469		663,717
	Credit Suisse Securities (USA) LLC	0.60%	2/07/13	Open			407,469		408,236
	Credit Suisse Securities (USA) LLC	0.65%	2/07/13	Open			295,350		295,953
	Credit Suisse Securities (USA) LLC	0.65%	2/07/13	Open			964,338		966,306
	Credit Suisse Securities (USA) LLC	0.65%	2/07/13	Open			1,222,940		1,225,435
	Credit Suisse Securities (USA) LLC	0.65%	2/07/13	Open			1,140,300		1,142,627
	UBS Securities LLC	0.25%	2/07/13	Open			1,048,688		1,049,511
	UBS Securities LLC	0.34%	2/07/13	Open			3,334,275		3,337,833
	UBS Securities LLC	0.45%	2/07/13	Open			866,250		867,474
	UBS Securities LLC	0.55%	2/07/13	Open			1,703,350		1,706,291
	UBS Securities LLC	0.55%	2/07/13	Open			2,196,563		2,200,355
	UBS Securities LLC	0.65%	2/07/13	Open			505,925		506,957
	UBS Securities LLC	0.65%	2/07/13	Open			162,750		163,082
	UBS Securities LLC	0.65%	2/07/13	Open			356,250		356,977
	UBS Securities LLC	0.65%	2/07/13	Open			843,275		844,996
	Barclays Capital, Inc.	0.58%	2/08/13	Open			483,060		483,939
	Deutsche Bank Securities, Inc.	0.58%	2/08/13	Open			1,170,163		1,172,237
	Barclays Capital, Inc.	0.60%	2/15/13	Open			291,043		291,557
	UBS Securities LLC	0.65%	2/19/13	Open			166,058		166,364
	Deutsche Bank Securities, Inc.	0.55%	2/20/13	Open			484,000		484,747
	Deutsche Bank Securities, Inc.	0.55%	2/20/13	Open			879,690		881,047
	Deutsche Bank Securities, Inc.	0.55%	2/20/13	Open			759,577		760,749
	Deutsche Bank Securities, Inc.	0.55%	2/20/13	Open			217,132		217,467
	Deutsche Bank Securities, Inc.	0.58%	2/20/13	Open			2,512,000		2,516,047
	Deutsche Bank Securities, Inc.	0.55%	2/22/13	Open			457,087		457,778

BLACKROCK LIMITED DURATION INCOME TRUST

MAY 31, 2013

Consolidated Schedule of Investments (continued)

BlackRock Limited Duration Income Trust (BLW)

•	Reverse repurchase agreements outstanding as of May 31, 2013 were as follows (continued):

	Counterparty	Interest Rate	Trade Date	Maturity Date¹		Face Value				Face Value Including Accrued Interest

	Deutsche Bank Securities, Inc.	0.55%	2/22/13	Open	$		242,436	$	242,803
	Deutsche Bank Securities, Inc.	0.55%	2/22/13	Open			509,587		510,358
	Deutsche Bank Securities, Inc.	0.55%	2/22/13	Open			509,760		510,531
	Deutsche Bank Securities, Inc.	0.55%	2/22/13	Open			848,076		849,359
	Deutsche Bank Securities, Inc.	0.55%	2/22/13	Open			659,700		660,698
	Deutsche Bank Securities, Inc.	0.55%	2/22/13	Open			884,744		886,082
	UBS Securities LLC	0.55%	2/25/13	Open			978,510		979,930
	Deutsche Bank Securities, Inc.	0.55%	2/28/13	Open			1,280,181		1,282,000
	Deutsche Bank Securities, Inc.	0.55%	2/28/13	Open			107,112		107,264
	Deutsche Bank Securities, Inc.	0.55%	2/28/13	Open			1,901,900		1,904,602
	Deutsche Bank Securities, Inc.	0.55%	3/05/13	Open			221,430		221,724
	Deutsche Bank Securities, Inc.	0.65%	3/06/13	Open			946,313		947,782
	UBS Securities LLC	0.65%	3/06/13	Open			181,050		181,328
	Credit Suisse Securities (USA) LLC	0.40%	3/07/13	Open			1,503,125		1,504,545
	UBS Securities LLC	0.60%	3/12/13	Open			3,040,295		3,044,399
	UBS Securities LLC	(0.50%)	3/13/13	Open			324,016		323,656
	UBS Securities LLC	0.35%	3/13/13	Open			1,560,000		1,561,213
	UBS Securities LLC	0.55%	3/13/13	Open			395,650		396,134
	UBS Securities LLC	0.55%	3/13/13	Open			1,222,200		1,223,694
	UBS Securities LLC	0.65%	3/13/13	Open			978,305		979,700
	Credit Suisse Securities (USA) LLC	0.60%	3/14/13	Open			347,366		347,818
	Deutsche Bank Securities, Inc.	0.55%	3/14/13	Open			760,000		760,906
	Deutsche Bank Securities, Inc.	0.70%	3/14/13	Open			1,523,693		1,526,004
	Deutsche Bank Securities, Inc.	0.55%	3/15/13	Open			1,018,750		1,019,917
	Deutsche Bank Securities, Inc.	0.55%	3/19/13	Open			972,625		973,725
	UBS Securities LLC	0.70%	3/19/13	Open			1,008,280		1,009,731
	Credit Suisse Securities (USA) LLC	0.65%	3/20/13	Open			585,562		586,334
	Credit Suisse Securities (USA) LLC	0.65%	3/20/13	Open			439,162		439,741
	Credit Suisse Securities (USA) LLC	0.65%	3/20/13	Open			134,640		134,817
	Credit Suisse Securities (USA) LLC	0.35%	3/22/13	Open			1,496,075		1,497,108
	Credit Suisse Securities (USA) LLC	0.25%	3/25/13	Open			975,615		976,076

BLACKROCK LIMITED DURATION INCOME TRUST

MAY 31, 2013

Consolidated Schedule of Investments (continued)

BlackRock Limited Duration Income Trust (BLW)

•	Reverse repurchase agreements outstanding as of May 31, 2013 were as follows (continued):

	Counterparty	Interest Rate	Trade Date	Maturity Date¹		Face Value				Face Value Including Accrued Interest

	Credit Suisse Securities (USA) LLC	0.65%	3/25/13	Open	$		1,131,350	$	1,132,739
	Credit Suisse Securities (USA) LLC	0.75%	3/25/13	Open			464,337		464,995
	Credit Suisse Securities (USA) LLC	0.75%	3/25/13	Open			613,725		614,594
	Deutsche Bank Securities, Inc.	0.40%	3/27/13	Open			3,022,500		3,024,716
	Deutsche Bank Securities, Inc.	0.55%	3/27/13	Open			679,687		680,372
	Deutsche Bank Securities, Inc.	0.55%	3/27/13	Open			1,464,750		1,466,227
	Deutsche Bank Securities, Inc.	0.55%	3/27/13	Open			1,452,700		1,454,165
	Deutsche Bank Securities, Inc.	0.60%	3/27/13	Open			811,000		811,879
	Deutsche Bank Securities, Inc.	0.60%	3/27/13	Open			579,000		579,627
	Deutsche Bank Securities, Inc.	0.60%	3/27/13	Open			919,000		919,996
	Deutsche Bank Securities, Inc.	0.60%	3/27/13	Open			608,000		608,659
	Deutsche Bank Securities, Inc.	0.60%	3/27/13	Open			661,000		661,716
	Deutsche Bank Securities, Inc.	0.60%	3/27/13	Open			527,000		527,571
	Deutsche Bank Securities, Inc.	0.60%	3/27/13	Open			701,000		701,759
	Deutsche Bank Securities, Inc.	0.60%	3/27/13	Open			602,000		602,652
	Deutsche Bank Securities, Inc.	0.60%	3/27/13	Open			1,634,000		1,635,770
	Credit Suisse Securities (USA) LLC	0.65%	4/01/13	Open			462,156		462,657
	Barclays Capital, Inc.	0.35%	4/02/13	Open			3,649,829		3,651,923
	Barclays Capital, Inc.	0.40%	4/02/13	Open			3,326,900		3,329,081
	Barclays Capital, Inc.	0.40%	4/02/13	Open			2,832,188		2,834,045
	Barclays Capital, Inc.	0.40%	4/02/13	Open			5,871,000		5,874,849
	Barclays Capital, Inc.	0.40%	4/02/13	Open			2,011,150		2,012,468
	Barclays Capital, Inc.	0.60%	4/02/13	Open			3,229,256		3,232,431
	Barclays Capital, Inc.	0.60%	4/02/13	Open			689,881		690,559
	Barclays Capital, Inc.	0.60%	4/02/13	Open			1,068,461		1,069,512
	Barclays Capital, Inc.	0.60%	4/02/13	Open			865,247		866,098
	Barclays Capital, Inc.	0.60%	4/02/13	Open			331,500		331,826
	Barclays Capital, Inc.	0.60%	4/02/13	Open			466,012		466,470
	Barclays Capital, Inc.	0.65%	4/02/13	Open			1,218,114		1,219,412
	Barclays Capital, Inc.	0.65%	4/02/13	Open			1,044,544		1,045,657
	Credit Suisse Securities (USA) LLC	0.25%	4/02/13	Open			579,209		579,446
	Deutsche Bank Securities, Inc.	0.55%	4/02/13	Open			1,574,813		1,576,257
	Deutsche Bank Securities, Inc.	0.55%	4/02/13	Open			1,250,330		1,251,476
	UBS Securities LLC	0.60%	4/02/13	Open			1,001,163		1,002,147

BLACKROCK LIMITED DURATION INCOME TRUST

MAY 31, 2013

Consolidated Schedule of Investments (continued)

BlackRock Limited Duration Income Trust (BLW)

•	Reverse repurchase agreements outstanding as of May 31, 2013 were as follows (continued):

	Counterparty	Interest Rate	Trade Date	Maturity Date¹		Face Value				Face Value Including Accrued Interest

	Credit Suisse Securities (USA) LLC	0.00%	4/03/13	Open	$		556,500	$	556,500
	Credit Suisse Securities (USA) LLC	0.35%	4/03/13	Open			182,025		182,128
	Credit Suisse Securities (USA) LLC	0.35%	4/03/13	Open			243,800		243,937
	Credit Suisse Securities (USA) LLC	0.35%	4/03/13	Open			5,701,069		5,704,284
	Credit Suisse Securities (USA) LLC	0.35%	4/03/13	Open			469,700		469,965
	Credit Suisse Securities (USA) LLC	0.35%	4/03/13	Open			333,700		333,888
	Credit Suisse Securities (USA) LLC	0.35%	4/03/13	Open			677,875		678,257
	Credit Suisse Securities (USA) LLC	0.35%	4/03/13	Open			1,034,800		1,035,384
	Credit Suisse Securities (USA) LLC	0.35%	4/03/13	Open			1,011,250		1,011,820
	Credit Suisse Securities (USA) LLC	0.35%	4/03/13	Open			800,000		800,451
	Credit Suisse Securities (USA) LLC	0.35%	4/03/13	Open			1,233,600		1,234,296
	Credit Suisse Securities (USA) LLC	0.35%	4/03/13	Open			1,277,250		1,277,970
	Credit Suisse Securities (USA) LLC	0.35%	4/03/13	Open			2,107,875		2,109,064
	Credit Suisse Securities (USA) LLC	0.35%	4/03/13	Open			2,861,250		2,862,863
	Credit Suisse Securities (USA) LLC	0.35%	4/03/13	Open			3,119,100		3,120,859
	Credit Suisse Securities (USA) LLC	0.35%	4/03/13	Open			2,958,750		2,960,418
	Credit Suisse Securities (USA) LLC	0.35%	4/03/13	Open			2,560,000		2,561,444
	Credit Suisse Securities (USA) LLC	0.35%	4/03/13	Open			3,213,750		3,215,562
	Credit Suisse Securities (USA) LLC	0.35%	4/03/13	Open			3,091,969		3,093,713
	Credit Suisse Securities (USA) LLC	0.35%	4/03/13	Open			3,695,000		3,697,084
	Credit Suisse Securities (USA) LLC	0.60%	4/03/13	Open			426,020		426,432
	Credit Suisse Securities (USA) LLC	0.65%	4/03/13	Open			341,325		341,682
	Deutsche Bank Securities, Inc.	0.55%	4/03/13	Open			424,060		424,442
	Deutsche Bank Securities, Inc.	0.58%	4/03/13	Open			1,482,188		1,483,597
	Deutsche Bank Securities, Inc.	0.58%	4/03/13	Open			928,775		929,658
	Deutsche Bank Securities, Inc.	0.58%	4/03/13	Open			1,624,500		1,626,018
	Deutsche Bank Securities, Inc.	0.58%	4/03/13	Open			1,163,363		1,164,450

BLACKROCK LIMITED DURATION INCOME TRUST

MAY 31, 2013

Consolidated Schedule of Investments (continued)

BlackRock Limited Duration Income Trust (BLW)

•	Reverse repurchase agreements outstanding as of May 31, 2013 were as follows (continued):

	Counterparty	Interest Rate	Trade Date	Maturity Date¹		Face Value				Face Value Including Accrued Interest

	Deutsche Bank Securities, Inc.	0.58%	4/03/13	Open	$		3,577,213	$	3,580,556
	UBS Securities LLC	0.54%	4/04/13	Open			381,842		382,168
	Credit Suisse Securities (USA) LLC	0.40%	4/05/13	Open			6,053,025		6,056,859
	UBS Securities LLC	0.55%	4/08/13	Open			2,327,500		2,329,349
	Deutsche Bank Securities, Inc.	0.55%	4/10/13	Open			846,000		846,672
	Deutsche Bank Securities, Inc.	0.55%	4/10/13	Open			536,000		536,426
	Deutsche Bank Securities, Inc.	0.55%	4/10/13	Open			468,000		468,372
	Deutsche Bank Securities, Inc.	0.55%	4/10/13	Open			489,000		489,388
	Deutsche Bank Securities, Inc.	0.55%	4/10/13	Open			527,000		527,419
	Credit Suisse Securities (USA) LLC	0.65%	4/11/13	Open			198,875		199,058
	Deutsche Bank Securities, Inc.	0.55%	4/12/13	Open			1,672,000		1,673,277
	Deutsche Bank Securities, Inc.	0.55%	4/12/13	Open			1,343,000		1,344,026
	Deutsche Bank Securities, Inc.	0.55%	4/12/13	Open			2,054,000		2,055,569
	Deutsche Bank Securities, Inc.	0.55%	4/12/13	Open			1,559,000		1,560,191
	Deutsche Bank Securities, Inc.	0.55%	4/15/13	Open			2,705,153		2,707,095
	Deutsche Bank Securities, Inc.	(2.00%)	4/17/13	Open			462,187		461,057
	Deutsche Bank Securities, Inc.	(0.25%)	4/17/13	Open			690,206		690,014
	Deutsche Bank Securities, Inc.	0.55%	4/22/13	Open			2,743,125		2,744,801
	Credit Suisse Securities (USA) LLC	0.35%	4/25/13	Open			336,682		336,803
	Deutsche Bank Securities, Inc.	0.55%	4/25/13	Open			248,901		249,042
	UBS Securities LLC	0.65%	5/03/13	Open			393,525		393,731
	UBS Securities LLC	0.65%	5/03/13	Open			393,525		393,731
	Barclays Capital, Inc.	0.60%	5/07/13	Open			225,152		225,246
	Credit Suisse Securities (USA) LLC	0.23%	5/10/13	6/13/13			32,928,000		32,931,997
	Barclays Capital, Inc.	0.40%	5/10/13	Open			1,127,019		1,127,294
	Barclays Capital, Inc.	0.40%	5/10/13	Open			2,061,011		2,061,515
	Barclays Capital, Inc.	0.40%	5/10/13	Open			1,734,094		1,734,518
	Barclays Capital, Inc.	0.60%	5/10/13	Open			369,187		369,322
	Deutsche Bank Securities, Inc.	0.55%	5/14/13	Open			1,365,000		1,365,375
	Deutsche Bank Securities, Inc.	0.55%	5/14/13	Open			265,000		265,073
	Deutsche Bank Securities, Inc.	0.55%	5/14/13	Open			789,000		789,217

BLACKROCK LIMITED DURATION INCOME TRUST

MAY 31, 2013

Consolidated Schedule of Investments (continued)

BlackRock Limited Duration Income Trust (BLW)

•		Reverse repurchase agreements outstanding as of May 31, 2013 were as follows (concluded):

		Counterparty		Interest Rate	Trade Date		Maturity Date¹				Face Value							Face Value Including Accrued Interest

		Credit Suisse Securities (USA) LLC		0.75%	5/23/13		Open			$		238,810				$	238,855
		Deutsche Bank Securities, Inc.		0.55%	5/24/13		Open					195,957					195,981
		Deutsche Bank Securities, Inc.		0.55%	5/28/13		Open					1,037,513					1,037,576
		Deutsche Bank Securities, Inc.		0.55%	5/28/13		Open					1,141,274					1,141,344
		Credit Suisse Securities (USA) LLC		0.40%	5/30/13		Open					2,333,625					2,333,677
		Credit Suisse Securities (USA) LLC		0.40%	5/30/13		Open					720,960					720,976
		Deutsche Bank Securities, Inc.		0.55%	5/30/13		Open					2,137,000					2,137,065
		Deutsche Bank Securities, Inc.		0.55%	5/30/13		Open					991,000					991,030
		Deutsche Bank Securities, Inc.		0.55%	5/30/13		Open					1,511,000					1,511,046
		Deutsche Bank Securities, Inc.		0.55%	5/30/13		Open					851,000					851,026
		Deutsche Bank Securities, Inc.		0.55%	5/31/13		Open					586,181					586,190

		Total								$	314,090,686					$			314,465,036
¹Certain agreements have no stated maturity and can be terminated by either party at any time.

•		Financial futures contracts as of May 31, 2013 were as follows:

		Contracts Purchased/ (Sold)	Issue			Exchange		Expiration						Notional Value						Unrealized Appreciation

		6	90-Day Euro-Dollar			Chicago Mercantile			June 2013				USD		1,495,800						$	27,884
		6	90-Day Euro-Dollar			Chicago Mercantile			September 2013				USD		1,495,275							31,034
		6	90-Day Euro-Dollar			Chicago Mercantile			December 2013				USD		1,494,525							33,958
		6	90-Day Euro-Dollar			Chicago Mercantile			March 2014				USD		1,493,700							36,433
		(128)	5-Year US Treasury Note			Chicago Board of Trade			September 2013				USD		15,669,000							74,344

		Total																			$	203,653

•	Foreign currency exchange contracts as of May 31, 2013 were as follows:

Currency Purchased		Currency Sold		Counterparty	Settlement Date	Unrealized Appreciation (Depreciation)
EUR	82,000	USD	106,203	UBS AG	6/03/13	$ 376
GBP	2,328,000	USD	3,517,922	Deutsche Bank AG	7/17/13	18,200
USD	1,513,640	CAD	1,545,000	Barclays Plc	7/17/13	24,923
USD	42,832,108	GBP	27,978,000	Barclays Plc	7/17/13	334,847
USD	1,303,080	GBP	862,000	Goldman Sachs Group, Inc.	7/17/13	(6,257)
USD	30,513,197	EUR	23,239,297	Citigroup, Inc.	7/23/13	299,910
USD	426,134	EUR	328,000	Deutsche Bank AG	7/23/13	(297)
USD	584,322	EUR	444,000	Goldman Sachs Group, Inc.	7/23/13	7,080
USD	460,880	EUR	351,000	Morgan Stanley	7/23/13	4,547
Total						$683,329

BLACKROCK LIMITED DURATION INCOME TRUST

MAY 31, 2013

Consolidated Schedule of Investments (continued)

BlackRock Limited Duration Income Trust (BLW)

•

Over-the-counter options purchased as of May 31, 2013 were as follows:

Description

Counterparty

Put/
Call

Strike
Price

Expiration
Date

Contracts

Market
Value

Marsico Parent Superholdco LLC

Goldman Sachs Group, Inc.

Call

USD

942.86

12/14/19

—

•

Credit default swaps - buy protection outstanding as of May 31, 2013 were as follows:

Issuer

Pay
Fixed
Rate

Counterparty

Expiration
Date

Notional
Amount
(000)

Unrealized
Depreciation

Australia & New Zealand
Banking Group Ltd.

1.00%

Deutsche Bank AG

9/20/17

USD

(20)

Westpac Banking Corp.

1.00%

Deutsche Bank AG

9/20/17

USD

(21)

Total

(41)

•

Credit default swaps - sold protection outstanding as of May 31, 2013 were as follows:

Issuer

Receive
Fixed
Rate

Counterparty

Expiration
Date

Credit Rating¹

Notional
Amount
(000)²

Unrealized
Appreciation (Depreciation)

Caesars Entertainment

Operating Co., Inc.

5.00%

Citigroup, Inc.

12/20/15

CCC--

USD

357

21,584

Caesars Entertainment

Operating Co., Inc.

5.00%

Citigroup, Inc.

12/20/15

CCC--

USD

172

5,301

Caesars Entertainment

Operating Co., Inc.

5.00%

JPMorgan Chase & Co.

12/20/15

CCC--

USD

145

7,577

Caesars Entertainment

Operating Co., Inc.

5.00%

JPMorgan Chase & Co.

12/20/15

CCC--

USD

626

59,292

Caesars Entertainment

Operating Co., Inc.

5.00%

UBS AG

12/20/15

CCC--

USD

840

12,981

Caesars Entertainment

Operating Co., Inc.

5.00%

Barclays Plc

3/20/16

CCC--

USD

(1,807)

Caesars Entertainment

Operating Co., Inc.

5.00%

Barclays Plc

3/20/16

CCC--

USD

(3,641)

Caesars Entertainment

Operating Co., Inc.

5.00%

Citigroup, Inc.

3/20/16

CCC--

USD

(3,606)

Caesars Entertainment

Operating Co., Inc.

5.00%

Goldman Sachs Group, Inc.

3/20/16

CCC--

USD

247

1,204

Caesars Entertainment

Operating Co., Inc.

5.00%

Goldman Sachs Group, Inc.

3/20/16

CCC--

USD

247

1,204

Caesars Entertainment

Operating Co., Inc.

5.00%

Goldman Sachs Group, Inc.

3/20/16

CCC--

USD

739

(5,506)

Caesars Entertainment

Operating Co., Inc.

5.00%

Goldman Sachs Group, Inc.

3/20/16

CCC--

USD

165

(3,259)

Caesars Entertainment

Operating Co., Inc.

5.00%

Goldman Sachs Group, Inc.

3/20/16

CCC--

USD

634

(41,586)

Caesars Entertainment

Operating Co., Inc.

5.00%

JPMorgan Chase & Co.

3/20/16

CCC--

USD

(2,713)

Caesars Entertainment

Operating Co., Inc.

5.00%

Barclays Plc

6/20/16

CCC--

USD

440

(36,398)

Caesars Entertainment

Operating Co., Inc.

5.00%

Goldman Sachs Group, Inc.

6/20/16

CCC--

USD

499

(9,587)

Caesars Entertainment

Operating Co., Inc.

5.00%

Goldman Sachs Group, Inc.

6/20/16

CCC--

USD

970

(26,976)

Caesars Entertainment

Operating Co., Inc.

5.00%

Barclays Plc

3/20/17

CCC--

USD

(3,637)

Caesars Entertainment

Operating Co., Inc.

5.00%

Goldman Sachs Group, Inc.

3/20/17

CCC--

USD

147

(6,723)

BLACKROCK LIMITED DURATION INCOME TRUST

MAY 31, 2013

Consolidated Schedule of Investments (continued)

BlackRock Limited Duration Income Trust (BLW)

•

Credit default swaps - sold protection outstanding as of May 31, 2013 were as follows (concluded):

Issuer

Receive
Fixed
Rate

Counterparty

Expiration
Date

Credit Rating¹

Notional
Amount
(000)²

Unrealized
Appreciation
(Depreciation)

Caesars Entertainment
Operating Co., Inc.

5.00%

Goldman Sachs Group, Inc.

3/20/17

CCC--

USD

453

(29,216)

Caesars Entertainment
Operating Co., Inc.

5.00%

Deutsche Bank AG

6/20/17

CCC--

USD

635

(36,694)

Total

(102,206)

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

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

•

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

•

Fair Value Measurements - Various inputs are used in determining the fair value of investments and derivative financial instruments. These inputs to valuation techniques are categorized into a disclosure 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 Trust has the ability to access

•

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

•

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

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety.

Changes in valuation techniques may result in transfers into or out of an assigned level within the disclosure hierarchy. In accordance with the Trust's policy, transfers between different levels of the fair value disclosure 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 investment and derivative financial instrument and is not necessarily an indication of the risks associated with investing in those securities. For information about the Trust's policy regarding valuation of investments and derivative financial instruments, please refer to the Trust's most recent financial statements as contained in its semi-annual report.

BLACKROCK LIMITED DURATION INCOME TRUST

MAY 31, 2013

Consolidated Schedule of Investments (continued)

BlackRock Limited Duration Income Trust (BLW)

The following tables summarize the Trust's investments and derivative financial instruments categorized in the disclosure hierarchy as of May 31, 2013:

			Level 1		Level 2		Level 3		Total
Assets:
Investments:
Long-Term Investments:
	Asset-Backed Securities		—	$	25,617,339	$	25,967,541	$	51,584,880
	Common Stocks	$	48,404		5,234,245		3,857,134		9,139,783
	Corporate Bonds		—		449,937,291		7,963,452		457,900,743
	Floating Rate Loan Interests				294,155,235		48,997,284		343,152,519
	Foreign Agency Obligations		—		3,339,451		—		3,339,451
	Non-Agency Mortgage-Backed Securities		—		76,488,699		—		76,488,699
	Other Interests						838,747		838,747
	Preferred Securities		3,922,077		8,132,612		—		12,054,689
	Taxable Municipal Bonds		—		1,380,807		—		1,380,807
	US Government Sponsored Agency Securities		—		47,120,714		—		47,120,714
Short-Term Securities			6,889,336		—		—		6,889,336
Total		$	10,859,817	$	911,406,393	$	87,624,158	$	1,009,890,368

	Level 1			Level 2	Level 3		Level 4
Derivative Financial Instruments¹
Assets:
Interest rate contracts	$	203,653		—	—	$	203,653
Foreign currency exchange contracts		—	$	689,883	—		689,883
Credit contracts		—		109,143	—		109,143
Liabilities:
Foreign currency exchange contracts		—		(6,554)	—		(6,554)
Credit contracts		—		(211,390)	—		(211,390)
Total	$	203,653	$	581,082	—	$	784,735

¹	Derivative financial instruments are swaps, financial futures contracts and foreign currency exchange contracts. Swaps, financial futures contracts and foreign currency exchange contracts are valued at the unrealized appreciation/depreciation on the instrument.

Certain of the Trust’s assets and liabilities are held at carrying amount or face value, which approximates fair value for financial reporting purposes. As of May 31, 2013, such assets and liabilities are categorized within the disclosure hierarchy as follows:

		Level 1		Level 2		Level 3		Total
Assets:
	Cash	$	19,504		—	—	$	19,504
	Cash pledged as collateral for financial futures contracts		86,500		—	—		86,500
	Foreign currency at value		18,830		—	—		18,830
Liabilities:
	Cash received as collateral for swaps		—	$	(585,000)	—		(585,000)
	Reverse repurchase agreements		—		(314,090,686)	—		(314,090,686)
Total		$	124,834	$	(314,675,686)	—	$	(314,550,852)

There were no transfers between Level 1 and Level 2 during the period ended May 31, 2013.

BLACKROCK LIMITED DURATION INCOME TRUST

MAY 31, 2013

Consolidated Schedule of Investments (concluded)

BlackRock Limited Duration Income Trust (BLW)

Certain of the Trust's investments that are categorized as Level 3 were valued utilizing third party pricing information without adjustment. Such valuations are based on unobservable inputs. A significant change in third party information inputs could result in a significantly lower or higher value of such Level 3 investments.

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

	Asset-Backed Securities	Common Stocks	Corporate Bonds	Floating Rate Loan Interests	Other Interests	Total
Assets:
Opening Balance, as of August 31, 2012	$9,845,241	$2,007,283	$1,727	$38,594,979	$1,608,923	$52,058,153
Transfers into Level 3¹	—	49,856	9,145,125	4,344,844	—	13,539,825
Transfers out of Level 3²	(2,321,397)	—	—	(8,217,027)	—	(10,538,424)
Accrued discounts/premiums	(853,895)	—	(17,982)	91,029	—	(780,848)
Net realized gain (loss)	65,244	—	11,837	67,530	—	144,611
Net change in unrealized appreciation/depreciation³	1,293,943	1,530,750	(2,084,639)	738,533	80,824	1,559,411
Purchases	19,157,350	269,245	1,175,000	34,166,149	10,000	54,777,744
Sales	(1,218,945)	—	(267,616)	(20,788,753)	(861,000)	(23,136,314)
Closing Balance, as of May 31, 2013	$ 25,967,541	$ 3,857,134	$ 7,963,452	$ 48,997,284	$ 838,747	$ 87,624,158

¹	Transfers into and transfers out of Level 3 represent the values as of the beginning of the reporting period. As of August 31, 2012, the Trust used observable inputs in determining the value of certain investments. As of May 31, 2013, the Trust used significant unobservable inputs in determining the value of the same investments. As a result, investments with a beginning of period value of $13,539,825 transferred from Level 2 to Level 3 in the disclosure hierarchy.
²	Transfers into and transfers out of Level 3 represent the values as of the beginning of the reporting period. As of August 31, 2012, the Trust used significant unobservable inputs in determining the value of certain investments. As of May 31, 2013, the Trust used observable inputs in determining the value of the same investments. As a result, investments with a beginning of period value of $10,538,424 transferred from Level 3 to Level 2 in the disclosure hierarchy.
³	The change in unrealized appreciation/depreciation on investments still held as of May 31, 2013 was $1,062,983.

BLACKROCK LIMITED DURATION INCOME TRUST

MAY 31, 2013

Item 2 – Controls and Procedures

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

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

Item 3 – Exhibits

Certifications – Attached hereto

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

BlackRock Limited Duration Income Trust

By: /s/ John M. Perlowski

John M. Perlowski

Chief Executive Officer (principal executive officer) of

BlackRock Limited Duration Income Trust

Date: July 25, 2013

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

By: /s/ John M. Perlowski

John M. Perlowski

Chief Executive Officer (principal executive officer) of

BlackRock Limited Duration Income Trust

Date: July 25, 2013

By: /s/ Neal J. Andrews

Neal J. Andrews

Chief Financial Officer (principal financial officer) of

BlackRock Limited Duration Income Trust

Date: July 25, 2013