UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM N-Q

 

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF
REGISTERED MANAGEMENT INVESTMENT COMPANY

 

 

Investment Company Act file number 811-21349

 

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

 

Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809

 

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

 

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

 

Date of fiscal year end: 08/31/2014

 

Date of reporting period: 11/30/2013

 

Item 1 – Schedule of Investments

 
 
Consolidated Schedule of Investments November 30, 2013 (Unaudited)   BlackRock Limited Duration Income Trust (BLW)
  (Percentages shown are based on Net Assets)

Common Stocks
Shares
  Value  
 
Auto Components — 0.0%  
Lear Corp.   807       $                        66,908  
 
Construction & Engineering — 0.0%  
USI United Subcontractors (a)   6,454   6,454  
 
Diversified Financial Services — 0.3%  
Kcad Holdings I Ltd. (a)   384,412,912   2,191,154  
 
Hotels, Restaurants & Leisure — 0.4%  
BLB Worldwide Holdings, Inc. (a)   51,947   1,272,701  
Travelport Worldwide Ltd. (a)   1,158,668   1,494,682  
       
    2,767,383  
 
Metals & Mining — 0.0%  
Euramax International (a)   234   56,088  
 
Paper & Forest Products — 0.2%  
NewPage Corp. (a)   13,780   1,171,300  
 
Software — 0.3%  
HMH Holdings/EduMedia (a)   128,441   1,990,836  
 
Total Common Stocks1.2%   8,250,123  
 
   
Asset-Backed Securities Par
(000)
     
 
Asset-Backed Securities — 6.7%  
321 Henderson Receivables I LLC, Class A (b):          
  Series 2010-2A, 4.07%, 1/15/48 USD 1,302   1,401,124  
  Series 2010-3A, 3.82%, 12/15/48   3,758   4,000,700  
ACAS CLO Ltd. (b)(c):          
  Series 2007-1A, Class A1S, 0.45%, 4/20/21   746   734,474  
  Series 2013-1A, Class D, 3.84%, 4/20/25   750   716,250  
Adirondack Park CLO Ltd., Series 2013-1A, Class D, 3.89%, 4/15/24 (b)(c)   1,750   1,680,000  
Aircraft Lease Securitisation, Ltd., Series 2007-1A, Class G3, 0.43%, 5/10/32 (b)(c)   815   778,714  
ALM Loan Funding (b)(c):          
  Series 2010-3AR, Class D, 4.49%, 11/20/20   4,000   4,000,000  
  Series 2013-7R2A, Class B, 2.86%, 4/24/24   865   837,493  
  Series 2013-7RA, Class C, 3.71%, 4/24/24   2,410   2,331,916  
  Series 2013-7RA, Class D, 5.26%, 4/24/24   1,040   956,488  
              
Asset-Backed Securities Par
(000)
  Value  
 
Asset-Backed Securities (continued)  
Atrium CDO Corp., Series 9A, Class D, 3.74%, 2/28/24 (b)(c) USD 1,100 $ 1,052,150  
Battalion CLO IV, Ltd., Series 2013-4A, Class C, 3.64%, 10/22/25 (b)(c)   500   468,300  
Capital One Multi-Asset Execution Trust, Series 4-3C, 6.63%, 4/19/17 GBP 2,650   4,415,434  
Carlyle Global Market Strategies CLO Ltd., Series 2013-1A, Class C, 4.24%, 2/14/25 (b)(c) USD 250   247,625  
CarMax Auto Owner Trust 2012-3, Series 2012-3, Class D, 2.29%, 4/15/19   2,530   2,540,269  
Cavalry CLO II, Series 2A, Class D, 4.24%, 1/17/24 (b)(c)   500   490,000  
Central Park CLO Ltd., Series 2011-1A, Class D, 3.44%, 7/23/22 (b)(c)   500   481,250  
Countrywide Asset-Backed Certificates, Series 2007-7, Class 2A2, 0.33%, 10/25/47 (c)   1,932   1,892,121  
Credit Suisse ABS Repackaging Trust, Series 2013-A, Class B, 2.50%, 1/25/30 (b)   2,883   2,703,089  
ECP CLO Ltd., Series 2013-5A, Class C, 3.74%, 1/20/25 (b)(c)   1,500   1,419,600  
Fraser Sullivan CLO VII Ltd., Series 2012-7A, Class C, 4.24%, 4/20/23 (b)(c)   1,090   1,081,171  
GSAA Trust, Series 2007-3, Class 1A2, 0.34%, 3/25/47 (c)   2,832   1,347,171  
Halcyon Loan Advisors Funding Ltd., Series 2013-1A, Class C, 3.74%, 4/15/25 (b)(c)   1,000   957,100  
Madison Park Funding XI Ltd., Series 2013-11A, Class D, 3.80%, 10/23/25 (b)(c)   420   398,832  
Neuberger Berman CLO XV, Series 2013-15A, Class C, 3.10%, 10/15/25 (b)(c)   1,000   963,780  
Octagon Investment Partners XVI Ltd., Series 2013-1A, Class D, 3.62%, 7/17/25 (b)(c)   500   470,450  
OZLM Funding Ltd., Series 2012-2A, Class C, 4.59%, 10/30/23 (b)(c)   500   495,400  
Regatta Funding LP, Series 2013-2A, Class C, 4.24%, 1/15/25 (b)(c)   500   495,350  

 

BLACKROCK LIMITED DURATION INCOME TRUSTNOVEMBER 30, 20131
 

Consolidated Schedule of Investments (continued)   BlackRock Limited Duration Income Trust (BLW)
  (Percentages shown are based on Net Assets)

                   
Asset-Backed Securities Par
(000)
  Value  
 
Asset-Backed Securities (concluded)  
Santander Consumer Acquired Receivables Trust, Series 2011-S1A, Class D, 3.15%, 8/15/16 (b) USD 1,563 $ 1,566,653  
Santander Drive Auto Receivables Trust, Series 2011-S2A (b):          
  Class B, 2.06%, 6/15/17   241   242,317  
  Class C, 2.86%, 6/15/17   250   250,933  
SLC Student Loan Trust, Series 2006-A, Class A4, 0.36%, 1/15/19 (c)   183   183,185  
World Financial Network Credit Card Master Trust, Series 2012-C, Class B, 3.57%, 8/15/22   3,000   3,071,184  
       
    44,670,523  
 
Interest Only Asset-Backed Securities — 0.2%  
Sterling Bank Trust, Series 2004-2, Class Note, 2.08%, 3/30/30 (b)   8,801   635,332  
Sterling Coofs Trust, Series 2004-1, Class A, 2.36%, 4/15/29 (b)   9,013   605,592  
       
    1,240,924  
 
Total Asset-Backed Securities6.9%   45,911,447  
 
   
Corporate Bonds        
 
   
Aerospace & Defense — 0.6%  
DigitalGlobe, Inc., 5.25%, 2/01/21 (b)(d)   928   904,800  
Huntington Ingalls Industries, Inc., 7.13%, 3/15/21 (d)   570   621,300  
Kratos Defense & Security Solutions, Inc., 10.00%, 6/01/17 (d)   1,966   2,128,195  
Meccanica Holdings USA, Inc., 6.25%, 7/15/19 (b)   339   352,503  
       
    4,006,798  
 
Airlines — 2.5%  
Air Canada Pass-Through Trust, Series 2013-1, Class C, 6.63%, 5/15/18 (b)   651   647,745  
American Airlines Pass-Through Trust, Series 2013-2 (b):          
  Class A, 4.95%, 7/15/24 (d)   3,250   3,404,375  
  Class B, 5.60%, 1/15/22   755   757,831  
Continental Airlines Pass-Through Trust, Series 2012-3, Class C, 6.13%, 4/29/18 (d)   2,090   2,163,150  
            
Corporate Bonds Par
(000)
  Value  
 
Airlines (concluded)  
Continental Airlines, Inc., 6.75%, 9/15/15 (b)(d) USD 1,350 $ 1,387,125  
Delta Air Lines Pass-Through Trust, Series 2009-1, Class B, 9.75%, 6/17/18   234   264,932  
United Continental Holdings, Inc., 6.00%, 12/01/20   950   945,250  
US Airways Pass-Through Trust, Class C (d):          
  Series 2011-1, 10.88%, 10/22/14   847   887,267  
  Series 2012-1, 9.13%, 10/01/15   2,115   2,220,757  
Virgin Australia Trust (b):          
  Series 2013-1A, 5.00%, 10/23/23   800   817,697  
  Series 2013-1B, 6.00%, 10/23/20   1,700   1,742,500  
  Series 2013-1, Class C, 7.13%, 10/23/18   1,240   1,244,550  
       
    16,483,179  
 
Auto Components — 1.0%  
Affinia Group, Inc., 7.75%, 5/01/21 (b)(d)   1,095   1,144,275  
Brighthouse Group PLC, 7.88%, 5/15/18 GBP 100   168,539  
GKN Holdings PLC, 5.38%, 9/19/22   120   207,989  
Icahn Enterprises LP/Icahn Enterprises Finance Corp., 8.00%, 1/15/18 USD 610   636,687  
Jaguar Land Rover Automotive PLC, 8.25%, 3/15/20 GBP 554   1,022,090  
Pittsburgh Glass Works LLC, 8.00%, 11/15/18 (b) USD 445   462,800  
Rhino Bondco SpA, 7.25%, 11/15/20 EUR 110   151,538  
Schaeffler Holding Finance BV (e):          
  6.88%, 8/15/18 (b)(d) USD 1,085   1,155,525  
  6.88%, 8/15/18 EUR 375   543,690  
Servus Luxembourg Holdings SCA, 7.75%, 6/15/18   342   486,384  
Titan International, Inc., 6.88%, 10/01/20 (b) USD 555   573,038  
       
    6,552,555  
 
Automobiles — 0.5%  
Ford Motor Co., 4.25%,  11/15/16 (f)   434   878,036  

BLACKROCK LIMITED DURATION INCOME TRUSTNOVEMBER 30, 20132
 

Consolidated Schedule of Investments (continued)   BlackRock Limited Duration Income Trust (BLW)
  (Percentages shown are based on Net Assets)

                   
Corporate Bonds Par
(000)
  Value  
 
Automobiles (concluded)  
General Motors Co., 3.50%, 10/02/18 (b)(d) USD 2,478 $ 2,524,463  
       
    3,402,499  
 
Beverages — 0.0%  
Constellation Brands, Inc., 7.25%, 5/15/17   82   95,018  
 
Building Products — 1.2%  
American Builders & Contractors Supply Co., Inc., 5.63%, 4/15/21 (b)   415   420,188  
Builders FirstSource, Inc., 7.63%, 6/01/21 (b)(d)   890   923,375  
Building Materials Corp. of  America (b)(d):          
  7.00%, 2/15/20   1,345   1,445,875  
  6.75%, 5/01/21   1,030   1,109,825  
CPG Merger Sub LLC, 8.00%, 10/01/21 (b)(d)   1,030   1,073,775  
Momentive Performance Materials, Inc., 8.88%, 10/15/20   530   557,825  
Texas Industries, Inc., 9.25%, 8/15/20   523   573,992  
USG Corp., 9.75%, 1/15/18 (d)   1,390   1,626,300  
       
    7,731,155  
 
Capital Markets — 0.4%  
American Capital Ltd., 6.50%, 9/15/18 (b)(d)   975   1,010,344  
E*Trade Financial Corp., 0.00%, 8/31/19 (b)(f)(g)   249   431,392  
KCG Holdings, Inc., 8.25%, 6/15/18 (b)   240   246,900  
SteelRiver Transmission Co. LLC, 4.71%, 6/30/17 (b)(d)   1,097   1,139,615  
       
    2,828,251  
 
Chemicals — 1.4%  
Ashland, Inc., 3.88%, 4/15/18 (d)   675   678,375  
Chemtura Corp., 5.75%, 7/15/21   200   202,500  
Huntsman International LLC, 8.63%, 3/15/21 (d)   655   733,600  
INEOS Finance PLC, 7.50%, 5/01/20 (b)(d)   445   487,275  
INEOS Group Holdings SA:          
  6.13%, 8/15/18 (b)   680   684,250  
  6.50%, 8/15/18 EUR 328   452,916  
LSB Industries, Inc., 7.75%, 8/01/19 (b) USD 301   313,793  
Nufarm Australia Ltd., 6.38%, 10/15/19 (b)(d)   320   331,200  
            
Corporate Bonds Par
(000)
  Value  
 
Chemicals (concluded)  
Orion Engineered Carbons Bondco GmbH, 9.63%, 6/15/18 (b)(d) USD 898 $ 992,290  
PetroLogistics LP/PetroLogistics Finance Corp., 6.25%,  4/01/20 (b)   260   260,975  
Rockwood Specialties Group, Inc., 4.63%, 10/15/20 (d)   3,175   3,262,312  
Solvay Finance SA, 4.20% (c)(h) EUR 360   494,451  
US Coatings Acquisition, Inc./Axalta Coating Systems Dutch Holding B BV:          
  5.75%, 2/01/21   200   281,978  
  7.38%, 5/01/21 (b) USD 398   421,880  
       
    9,597,795  
 
Commercial Banks — 2.3%  
BNP Paribas SA, 2.38%,  9/14/17 (d)   3,225   3,310,572  
CIT Group, Inc. (d):          
  5.00%, 5/15/17   890   950,075  
  5.50%, 2/15/19 (b)   1,370   1,476,175  
HSBC Bank PLC, 3.10%,  5/24/16 (b)(d)   2,560   2,694,817  
HSBC Holdings PLC, 6.25%, 3/19/18 EUR 1,000   1,587,823  
ING Bank NV, 2.00%,  9/25/15 (b)(d) USD 3,245   3,296,660  
Lloyds Bank PLC, 11.88%, 12/16/21 (c) EUR 52   87,616  
Nordea Bank AB, 4.50%, 3/26/20   1,020   1,526,626  
       
    14,930,364  
 
Commercial Services & Supplies — 1.6%  
AA Bond Co., Ltd., 9.50%, 7/31/43 GBP 200   357,531  
ACCO Brands Corp., 6.75%, 4/30/20 USD 100   99,625  
ADS Waste Holdings, Inc., 8.25%, 10/01/20 (b)   292   308,790  
The ADT Corp., 6.25%,  10/15/21 (b)   401   418,544  
ARAMARK Corp., 5.75%,  3/15/20 (b)(d)   712   742,260  
Aviation Capital Group Corp., 4.63%, 1/31/18 (b)(d)   1,000   1,023,961  
Bilbao Luxembourg SA, 10.50%, 12/01/18 (e) EUR 100   133,162  
Brand Energy & Infrastructure Services, Inc., 8.50%,  12/01/21 (b) USD 617   629,340  
Brickman Group Holdings, Inc., 9.13%, 11/01/18 (b)   63   67,337  

BLACKROCK LIMITED DURATION INCOME TRUSTNOVEMBER 30, 20133
 

Consolidated Schedule of Investments (continued)   BlackRock Limited Duration Income Trust (BLW)
  (Percentages shown are based on Net Assets)

                   
Corporate Bonds Par
(000)
  Value  
 
Commercial Services & Supplies (concluded)  
Catalent Pharma Solutions, Inc., 7.88%, 10/15/18 USD 306 $ 311,355  
Covanta Holding Corp., 6.38%, 10/01/22   100   103,047  
EC Finance PLC, 9.75%, 8/01/17 EUR 100   148,449  
Interactive Data Corp., 10.25%, 8/01/18 (d) USD 2,210   2,489,123  
Mobile Mini, Inc., 7.88%, 12/01/20 (d)   915   1,008,787  
United Rentals North America,  Inc. (d):          
  5.75%, 7/15/18   494   530,433  
  7.63%, 4/15/22   1,518   1,700,160  
Verisure Holding AB:          
  8.75%, 9/01/18 EUR 199   296,090  
  8.75%, 12/01/18   111   162,214  
West Corp., 8.63%, 10/01/18 USD 165   179,644  
       
    10,709,852  
 
Communications Equipment — 2.0%  
ADC Telecommunications, Inc., 3.50%, 7/15/15 (d)(f)   6,670   6,753,375  
Alcatel-Lucent USA, Inc., 6.75%, 11/15/20 (b)(d)   1,770   1,785,487  
Avaya, Inc., 7.00%, 4/01/19 (b)   437   424,983  
CommScope Holding Co., Inc., 6.63%, 6/01/20 (b)(e)   605   626,175  
Zayo Group LLC/Zayo Capital, Inc. (d):          
  8.13%, 1/01/20   1,800   1,984,500  
  10.13%, 7/01/20   1,460   1,686,300  
       
    13,260,820  
 
Construction & Engineering — 0.1%  
Astaldi SpA, 7.13%, 12/01/20 EUR 215   303,623  
Safway Group Holding LLC/Safway Finance Corp., 7.00%,  5/15/18 (b) USD 258   270,255  
Weekley Homes LLC/Weekley Finance Corp., 6.00%,  2/01/23 (b)   320   307,200  
       
    881,078  
 
Construction Materials — 1.5%  
Buzzi Unicem SpA, 6.25%, 9/28/18 EUR 154   234,445  
HD Supply, Inc.:          
  8.13%, 4/15/19 (d) USD 4,285   4,783,131  
  11.00%, 4/15/20 (d)   770   914,375  
  7.50%, 7/15/20 (d)   2,696   2,857,760  
  11.50%, 7/15/20   335   400,325  
              
Corporate Bonds Par
(000)
  Value  
 
Construction Materials (concluded)  
HeidelbergCement Finance Luxembourg SA, 7.50%, 4/03/20 EUR 64 $ 106,313  
Lafarge SA, 4.75%, 9/30/20   245   348,899  
       
    9,645,248  
 
Consumer Finance — 0.7%  
Ford Motor Credit Co. LLC (d):          
  3.88%, 1/15/15 USD 2,475   2,558,133  
  7.00%, 4/15/15   400   432,855  
Hyundai Capital America, 3.75%, 4/06/16 (b)(d)   1,285   1,347,729  
IVS F. SpA, 7.13%, 4/01/20 EUR 235   328,099  
Springleaf Finance Corp. (b):          
  7.75%, 10/01/21 USD 52   55,250  
  8.25%, 10/01/23   94   101,050  
       
    4,823,116  
 
Containers & Packaging — 0.3%  
Ardagh Packaging Finance PLC:          
  7.38%, 10/15/17 EUR 100   145,392  
  5.00%, 11/15/22   260   350,639  
Berry Plastics Corp., 9.75%, 1/15/21 USD 290   337,487  
Beverage Packaging Holdings Luxembourg II SA, 8.00%, 12/15/16 EUR 274   372,311  
Crown Americas LLC/Crown Americas Capital Corp. III, 6.25%, 2/01/21 (d) USD 144   155,520  
OI European Group BV, 4.88%, 3/31/21 EUR 311   442,280  
       
    1,803,629  
 
Distributors — 0.1%  
VWR Funding, Inc., 7.25%, 9/15/17 (d) USD 874   935,180  
 
Diversified Consumer Services — 0.6%  
APX Group, Inc.:          
  6.38%, 12/01/19   566   571,660  
  8.75%, 12/01/20 (d)   1,387   1,425,143  
Garda World Security Corp., 7.25%, 11/15/21 (b)   275   279,125  
Laureate Education, Inc., 9.25%, 9/01/19 (b)(d)   1,460   1,598,700  
       
    3,874,628  
 
Diversified Financial Services — 3.7%  
Aircastle Ltd., 6.25%, 12/01/19 (d)   367   396,360  
Ally Financial, Inc. (d):          
  8.30%, 2/12/15   2,460   2,656,800  
  8.00%, 11/01/31   2,766   3,282,600  

BLACKROCK LIMITED DURATION INCOME TRUSTNOVEMBER 30, 20134
 

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)  
Citigroup, Inc., 5.95% (c)(d)(h) USD 1,370 $ 1,279,237  
Co-Operative Group Ltd.:          
  6.88%, 7/08/20 GBP 300   499,476  
  7.50%, 7/08/26 (i)   600   997,500  
DPL, Inc.:          
  6.50%, 10/15/16 USD 70   75,600  
  7.25%, 10/15/21   185   188,700  
Gala Group Finance PLC, 8.88%, 9/01/18 GBP 700   1,231,315  
The Goldman Sachs Group, Inc., 3.30%, 5/03/15 (d) USD 3,285   3,395,103  
Jefferies Finance LLC/JFIN Co-Issuer Corp., 7.38%, 4/01/20 (b)(d)   585   606,206  
Jefferies LoanCore LLC/JLC Finance Corp., 6.88%, 6/01/20 (b)   567   559,913  
Leucadia National Corp., 8.13%, 9/15/15 (d)   1,870   2,075,700  
Macquarie Bank Ltd., 10.25%, 6/20/57 (c)   1,450   1,631,250  
Reynolds Group Issuer, Inc.:          
  7.13%, 4/15/19 (d)   1,294   1,384,580  
  9.00%, 4/15/19   180   192,600  
  9.88%, 8/15/19   535   593,850  
  5.75%, 10/15/20 (d)   800   820,000  
  6.88%, 2/15/21 (d)   820   885,600  
WMG Acquisition Corp.:          
  11.50%, 10/01/18   753   871,598  
  6.00%, 1/15/21 (b)(d)   841   876,743  
       
    24,500,731  
 
Diversified Telecommunication Services — 3.9%  
CenturyLink, Inc., Series V, 5.63%, 4/01/20 (d)   906   921,855  
Level 3 Communications, Inc., 8.88%, 6/01/19   735   805,744  
Level 3 Financing, Inc.:          
  4.15%, 2/15/15 (c)(d)   1,725   1,725,949  
  3.83%, 1/15/18 (b)(c)   411   414,082  
  8.13%, 7/01/19 (d)   3,083   3,375,885  
  7.00%, 6/01/20   495   524,700  
  6.13%, 1/15/21 (b)(d)   1,682   1,707,230  
Telecom Italia SpA:          
  6.38%, 6/24/19 GBP 200   339,107  
  4.88%, 9/25/20 EUR 220   300,606  
  5.88%, 5/19/23 GBP 450   698,425  
  Series TIT, 6.13%, 11/15/16 EUR 300   417,464  
Telenet Finance V Luxembourg SCA:          
  6.25%, 8/15/22   271   388,562  
  6.75%, 8/15/24   397   570,300  
Verizon Communications, Inc., 3.65%, 9/14/18 (d) USD 13,000   13,821,418  
            
Corporate Bonds Par
(000)
  Value  
 
Diversified Telecommunication Services (concluded)  
Windstream Corp., 7.75%, 10/15/20 USD 46 $ 49,220  
       
    26,060,547  
 
Electric Utilities — 0.2%  
Homer City Generation LP (e):          
  8.14%, 10/01/19   345   356,213  
  8.73%, 10/01/26   495   508,612  
Mirant Mid Atlantic Pass-Through Trust B, Series B, 9.13%, 6/30/17 (d)   538   568,212  
       
    1,433,037  
 
Electrical Equipment — 0.4%  
Belden, Inc., 5.50%, 4/15/23 EUR 140   186,427  
Pentair Finance SA, 1.88%, 9/15/17 (d) USD 371   369,485  
Rexel SA, 5.13%, 6/15/20 EUR 439   632,304  
Techem GmbH:          
  6.13%, 10/01/19   300   442,290  
  7.88%, 10/01/20   106   160,597  
Trionista Holdco GmbH, 5.00%, 4/30/20   410   565,521  
Trionista TopCo GmbH, 6.88%, 4/30/21   100   142,144  
       
    2,498,768  
 
Energy Equipment & Services — 1.9%  
Calfrac Holdings LP, 7.50%, 12/01/20 (b)(d) USD 503   509,287  
CGG, 7.75%, 5/15/17 (d)   330   339,488  
Gulfmark Offshore, Inc., 6.38%, 3/15/22 (d)   185   187,775  
Hornbeck Offshore Services, Inc., 5.88%, 4/01/20 (d)   375   386,250  
MEG Energy Corp. (b)(d):          
  6.50%, 3/15/21   358   372,320  
  7.00%, 3/31/24   864   881,280  
Oil States International, Inc. (d):          
  6.50%, 6/01/19   1,614   1,716,892  
  5.13%, 1/15/23   908   1,019,230  
Peabody Energy Corp. (d):          
  6.00%, 11/15/18   1,004   1,066,750  
  6.25%, 11/15/21   991   1,013,297  
Rain CII Carbon LLC/CII Carbon Corp., 8.25%, 1/15/21 (b)(d)   535   548,375  
Seadrill Ltd., 5.63%, 9/15/17 (b)   2,320   2,383,800  
Transocean, Inc. (d):          
  4.95%, 11/15/15   1,040   1,116,537  
  5.05%, 12/15/16   180   198,624  
  2.50%, 10/15/17   725   735,502  

BLACKROCK LIMITED DURATION INCOME TRUSTNOVEMBER 30, 20135
 

Consolidated Schedule of Investments (continued)   BlackRock Limited Duration Income Trust (BLW)
  (Percentages shown are based on Net Assets)

 

                   
Corporate Bonds Par
(000)
  Value  
 
Energy Equipment & Services (concluded)  
Transocean, Inc. (d) (concluded):          
  6.00%, 3/15/18 USD 230 $ 260,504  
       
    12,735,911  
 
Food & Staples Retailing — 0.8%  
Bakkavor Finance 2 PLC:          
  8.25%, 2/15/18 GBP 312   544,986  
  8.75%, 6/15/20   200   357,532  
Brakes Capital, 7.13%, 12/15/18   1,655   2,700,223  
R&R Ice Cream PLC, 9.25%, 5/15/18 (e) EUR 314   439,463  
Rite Aid Corp., 9.25%, 3/15/20 (d) USD 1,095   1,263,356  
       
    5,305,560  
 
Food Products — 0.3%  
Findus Bondco SA:          
  9.13%, 7/01/18 EUR 187   278,235  
  9.50%, 7/01/18 GBP 100   177,538  
Post Holdings, Inc., 6.75%, 12/01/21 (b) USD 252   257,040  
Smithfield Foods, Inc., 6.63%, 8/15/22 (d)   783   827,044  
Sun Merger Sub, Inc. (b):          
  5.25%, 8/01/18   207   216,315  
  5.88%, 8/01/21   193   199,755  
Univeg Holding BV, 7.88%, 11/15/20 EUR 135   182,521  
       
    2,138,448  
 
Gas Utilities — 0.2%  
Targa Resources Partners LP/Targa Resources Partners Finance Corp., 7.88%, 10/15/18 (d) USD 1,515   1,643,775  
 
Health Care Equipment & Supplies — 1.1%  
Biomet, Inc. (d):          
  6.50%, 8/01/20   1,720   1,823,200  
  6.50%, 10/01/20   418   434,720  
CareFusion Corp., 5.13%,  8/01/14 (d)   3,000   3,087,651  
DJO Finance LLC/DJO Finance Corp., 8.75%, 3/15/18 (d)   413   452,235  
IDH Finance PLC, 6.00%, 12/01/18 GBP 113   187,213  
Kinetic Concepts, Inc./KCI USA, Inc., 12.50%, 11/01/19 USD 328   362,440  
Teleflex, Inc., 6.88%, 6/01/19 (d)   675   708,750  
       
    7,056,209  
 
          
Corporate Bonds Par
(000)
  Value  
 
Health Care Providers & Services — 1.7%  
Aviv Healthcare Properties LP/Aviv Healthcare Capital Corp.:          
  7.75%, 2/15/19 (d) USD 995 $ 1,069,625  
  6.00%, 10/15/21 (b)   232   237,800  
CHS/Community Health Systems, Inc., 5.13%, 8/15/18 (d)   490   509,600  
Crown Newco 3 PLC, 7.00%, 2/15/18 GBP 441   755,343  
HCA, Inc. (d):          
  7.88%, 2/15/20 USD 1,896   2,045,310  
  7.25%, 9/15/20   711   776,768  
Hologic, Inc., 6.25%, 8/01/20 (d)   1,289   1,359,895  
LifePoint Hospitals, Inc., 5.50%, 12/01/21 (b)(j)   240   241,200  
Tenet Healthcare Corp.:          
  6.25%, 11/01/18 (d)   1,134   1,241,730  
  8.00%, 8/01/20 (d)   775   844,750  
  6.00%, 10/01/20 (b)   461   481,745  
  8.13%, 4/01/22 (d)   1,198   1,299,830  
Voyage Care Bondco PLC, 6.50%, 8/01/18 GBP 355   589,600  
       
    11,453,196  
 
Health Care Technology — 0.8%  
IMS Health, Inc., 12.50%,  3/01/18 (b)(d) USD 4,300   5,074,000  
 
Hotels, Restaurants & Leisure — 4.1%  
Carlson Wagonlit BV, 6.88%, 6/15/19 (b)(d)   370   382,950  
Cirsa Funding Luxembourg SA, 8.75%, 5/15/18 EUR 355   507,699  
Enterprise Funding Ltd., Series ETI, 3.50%, 9/10/20 (f) GBP 100   169,030  
Enterprise Inns PLC, 6.50%, 12/06/18   926   1,575,822  
Gategroup Finance Luxembourg SA, 6.75%, 3/01/19 EUR 290   415,757  
GLP Capital LP/GLP Financing II, Inc. (b):          
  4.38%, 11/01/18 USD 357   364,140  
  4.88%, 11/01/20   458   456,855  
Intralot Finance Luxembourg SA, 9.75%, 8/15/18 EUR 480   706,848  
Isle of Capri Casinos, Inc.:          
  7.75%, 3/15/19 USD 70   74,900  
  5.88%, 3/15/21   294   285,180  
MCE Finance Ltd., 5.00%, 2/15/21 (b)(d)   941   910,418  
Playa Resorts Holding BV, 8.00%, 8/15/20 (b)   165   173,250  
PNK Finance Corp., 6.38%, 8/01/21 (b)   518   534,835  

BLACKROCK LIMITED DURATION INCOME TRUSTNOVEMBER 30, 20136
 

Consolidated Schedule of Investments (continued)   BlackRock Limited Duration Income Trust (BLW)
  (Percentages shown are based on Net Assets)

 

                   
Corporate Bonds Par
(000)
  Value  
 
Hotels, Restaurants & Leisure (concluded)  
Six Flags Entertainment Corp., 5.25%, 1/15/21 (b)(d) USD 576 $ 564,480  
Snai SpA, 7.63%, 6/15/18 EUR 205   283,150  
Spirit Issuer PLC (c):          
  Series A1, 1.07%, 12/28/28 GBP 655   876,177  
  Series A2, 3.22%, 12/28/31   1,800   2,577,172  
  Series A5, 5.47%, 12/28/28   4,500   6,792,689  
  Series A6, 2.32%, 12/28/36   2,670   4,008,484  
Station Casinos LLC, 7.50%, 3/01/21 (d) USD 2,245   2,396,538  
Travelport LLC/Travelport Holdings, Inc., 11.88%,  9/01/16 (b)   78   78,404  
Tropicana Entertainment LLC/Tropicana Finance Corp., 9.63%, 12/15/14 (a)(k)   375    
The Unique Pub Finance Co. PLC:          
  Series A3, 6.54%, 3/30/21 GBP 400   682,337  
  Series A4, 5.66%, 6/30/27   822   1,318,210  
Vougeot Bidco PLC, 7.88%, 7/15/20   218   378,116  
Wynn Macau Ltd., 5.25%, 10/15/21 (b)(d) USD 428   432,280  
       
    26,945,721  
 
Household Durables — 1.4%  
Algeco Scotsman Global Finance PLC, 9.00%, 10/15/18 EUR 530   784,979  
Ashton Woods USA LLC/Ashton Woods Finance Co., 6.88%, 2/15/21 (b)(d) USD 510   499,800  
Beazer Homes USA, Inc., 6.63%, 4/15/18 (d)   910   978,250  
Berkline/Benchcraft LLC, 4.50%, 11/03/14 (a)(k)   200    
Brookfield Residential Properties, Inc., 6.50%, 12/15/20 (b)(d)   925   964,313  
Brookfield Residential Properties, Inc./Brookfield Residential US Corp., 6.13%, 7/01/22 (b)   259   257,705  
K. Hovnanian Enterprises, Inc., 7.25%, 10/15/20 (b)(d)   2,130   2,252,475  
KB Home, 7.25%, 6/15/18 (d)   880   963,600  
Libbey Glass, Inc., 6.88%, 5/15/20 (d)   226   241,255  
Spie BondCo 3 SCA, 11.00%, 8/15/19 EUR 248   382,475  
Standard Pacific Corp., 8.38%, 1/15/21 (d) USD 1,000   1,150,000  
            
Corporate Bonds Par
(000)
  Value  
 
Household Durables (concluded)  
Taylor Morrison Communities, Inc./Monarch Communities, Inc., 5.25%, 4/15/21 (b) USD 597 $ 576,105  
       
    9,050,957  
 
Household Products — 0.2%  
Ontex IV SA, 9.00%, 4/15/19 EUR 353   518,787  
Spectrum Brands Escrow Corp. (b):          
  6.38%, 11/15/20 USD 250   266,250  
  6.63%, 11/15/22   285   303,525  
       
    1,088,562  
 
Independent Power Producers & Energy Traders — 1.9%  
AES Corp., 7.75%, 10/15/15 (d)   972   1,074,060  
Calpine Corp. (b):          
  7.50%, 2/15/21   147   160,230  
  6.00%, 1/15/22   143   146,933  
  5.88%, 1/15/24   438   435,810  
Energy Future Intermediate Holding Co. LLC/EFIH Finance, Inc.:          
  6.88%, 8/15/17 (b)   625   640,625  
  10.00%, 12/01/20   390   414,375  
  10.00%, 12/01/20 (b)(d)   2,105   2,231,300  
  12.25%, 3/01/22 (b)   3,408   3,953,280  
GenOn REMA LLC:          
  Series B, 9.24%, 7/02/17   247   254,213  
  Series C, 9.68%, 7/02/26 (d)   1,001   1,031,030  
Laredo Petroleum, Inc.:          
  9.50%, 2/15/19   630   702,450  
  7.38%, 5/01/22   515   557,487  
NRG Energy, Inc., 7.63%,  1/15/18 (d)   913   1,040,820  
       
    12,642,613  
 
Insurance — 1.8%  
Allied World Assurance Co., Ltd., 7.50%, 8/01/16 (d)   3,000   3,473,064  
American International Group, Inc., 3.00%, 3/20/15 (d)   3,120   3,212,764  
CNO Financial Group, Inc., 6.38%, 10/01/20 (b)(d)   304   325,280  
Forethought Financial Group, Inc., 8.63%, 4/15/21 (b)(d)   750   826,300  
Galaxy Bidco Ltd., 6.38%, 11/15/20 GBP 100   163,630  
Hockey Merger Sub 2, Inc., 7.88%, 10/01/21 (b) USD 255   263,606  
Liberty Mutual Group, Inc., 7.00%, 3/15/37 (b)(c)(d)   1,575   1,638,000  
MPL 2 Acquisition Canco, Inc., 9.88%, 8/15/18 (b)   595   614,338  

BLACKROCK LIMITED DURATION INCOME TRUSTNOVEMBER 30, 20137
 

Consolidated Schedule of Investments (continued)   BlackRock Limited Duration Income Trust (BLW)
  (Percentages shown are based on Net Assets)

 

                   
Corporate Bonds Par
(000)
  Value  
 
Insurance (concluded)  
Muenchener Rueckversicherungs AG, 6.00%, 5/26/41 (c) EUR 400 $ 637,536  
TMF Group Holding BV, 9.88%, 12/01/19 (c)   310   454,927  
       
    11,609,445  
 
Internet Software & Services — 0.1%  
Cerved Group SpA:          
  6.38%, 1/15/20   100   143,989  
  8.00%, 1/15/21   100   144,237  
Equinix, Inc., 4.88%, 4/01/20 USD 139   138,652  
IAC/InterActiveCorp, 4.88%, 11/30/18 (b)   495   505,519  
       
    932,397  
 
IT Services — 2.3%  
Ceridian Corp., 8.88%,  7/15/19 (b)(d)   1,395   1,612,969  
Ceridian HCM Holding, Inc., 11.00%, 3/15/21 (b)(d)   1,004   1,159,620  
Epicor Software Corp., 8.63%, 5/01/19 (d)   1,260   1,370,250  
First Data Corp. (b):          
  7.38%, 6/15/19 (d)   1,775   1,899,250  
  6.75%, 11/01/20 (d)   1,250   1,309,375  
  11.75%, 8/15/21   582   603,825  
SunGard Data Systems, Inc., 6.63%, 11/01/19 (d)   1,040   1,085,500  
The Western Union Co. (d):          
  2.88%, 12/10/17   4,000   4,105,212  
  3.35%, 5/22/19   1,650   1,665,008  
WEX, Inc., 4.75%, 2/01/23 (b)(d)   550   507,375  
       
    15,318,384  
 
Machinery — 0.0%  
Trinseo Materials Operating SCA/Trinseo Materials Finance, Inc., 8.75%, 2/01/19 (b)   167   170,340  
 
Media — 4.0%  
Adria Bidco BV, 7.88%, 11/15/20 EUR 140   190,470  
AMC Networks, Inc., 7.75%, 7/15/21 (d) USD 865   973,125  
Cengage Learning Acquisitions, Inc., 11.50%, 4/15/20 (a)(b)(k)   509   394,475  
Checkout Holding Corp., 10.72%, 11/15/15 (b)(d)(g)   1,056   860,640  
Clear Channel Communications, Inc., 9.00%, 3/01/21   1,311   1,324,110  
Clear Channel Worldwide Holdings, Inc.:          
  7.63%, 3/15/20 (d)   677   714,235  
  6.50%, 11/15/22 (d)   965   993,950  
  6.50%, 11/15/22   213   220,455  
              
Corporate Bonds Par
(000)
  Value  
 
Media (continued)  
DIRECTV Holdings LLC / DIRECTV Financing Co., Inc., 3.13%, 2/15/16 (d) USD 3,000 $ 3,128,679  
DISH DBS Corp. (d):          
  7.13%, 2/01/16   200   221,000  
  4.25%, 4/01/18   1,330   1,353,275  
DreamWorks Animation SKG, Inc., 6.88%, 8/15/20 (b)   305   324,063  
Gannett Co., Inc. (b):          
  5.13%, 10/15/19   197   203,156  
  5.13%, 7/15/20   218   222,360  
  6.38%, 10/15/23   304   316,920  
Gray Television, Inc., 7.50%, 10/01/20 (b)(d)   428   450,470  
Intelsat Jackson Holdings SA:          
  7.25%, 10/15/20 (d)   1,660   1,813,550  
  5.50%, 8/01/23 (b)   515   493,112  
Intelsat Luxembourg SA, 6.75%, 6/01/18 (b)(d)   910   953,225  
Live Nation Entertainment, Inc., 7.00%, 9/01/20 (b)   185   199,800  
The McClatchy Co., 9.00%, 12/15/22   330   358,050  
MDC Partners, Inc., 6.75%, 4/01/20 (b)   493   512,720  
Midcontinent Communications & Midcontinent Finance Corp., 6.25%, 8/01/21 (b)   245   248,675  
NAI Entertainment Holdings/NAI Entertainment Holdings Finance Corp., 5.00%, 8/01/18 (b)   345   356,212  
RCN Telecom Services LLC/RCN Capital Corp., 8.50%,  8/15/20 (b)   580   585,800  
Sirius XM Holdings, Inc. (b):          
  5.88%, 10/01/20   342   352,688  
  5.75%, 8/01/21   424   429,300  
  4.63%, 5/15/23   311   277,568  
Sterling Entertainment Corp., 10.00%, 12/15/19   1,175   1,175,000  
Townsquare Radio LLC / Townsquare Radio, Inc., 9.00%, 4/01/19 (b)(d)   789   848,175  
Unitymedia Hessen GmbH & Co. KG/Unitymedia NRW GmbH:          
  7.50%, 3/15/19   1,440   1,566,000  
  5.63%, 4/15/23 EUR 104   142,409  
Univision Communications, Inc., 6.75%, 9/15/22 (b)(d) USD 286   314,600  
Virgin Media Secured Finance PLC:          
  6.50%, 1/15/18 (d)   1,000   1,036,250  
  6.00%, 4/15/21 GBP 1,274   2,141,974  
Ziggo BV, 3.63%, 3/27/20 EUR 455   618,254  

BLACKROCK LIMITED DURATION INCOME TRUSTNOVEMBER 30, 20138
 

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)  
Ziggo Finance BV, 6.13%, 11/15/17 EUR  100 $ 140,293  
       
    26,455,038  
 
Metals & Mining — 2.0%  
APERAM (b):          
  7.38%, 4/01/16 USD 150   154,875  
  7.75%, 4/01/18   150   154,875  
ArcelorMittal:          
  9.50%, 2/15/15 (d)   1,910   2,081,900  
  4.25%, 8/05/15 (d)   738   763,830  
  5.00%, 2/25/17   343   364,009  
  6.13%, 6/01/18 (d)   498   540,953  
Eco-Bat Finance PLC, 7.75%, 2/15/17 EUR 495   703,714  
Glencore Funding LLC, 1.70%, 5/27/16 (b)(d) USD 2,450   2,454,246  
Global Brass & Copper, Inc., 9.50%, 6/01/19 (d)   695   776,662  
Kaiser Aluminum Corp., 8.25%, 6/01/20 (d)   510   577,575  
Novelis, Inc., 8.75%, 12/15/20 (d)   2,375   2,660,000  
Perstorp Holding AB, 8.75%, 5/15/17 (b)   290   310,300  
Steel Dynamics, Inc., 6.38%, 8/15/22   555   603,563  
Wise Metals Group LLC/Wise Alloys Finance Corp., 8.75%, 12/15/18 (b)(j)   1,301   1,336,777  
       
    13,483,279  
 
Multiline Retail — 0.5%  
Dollar General Corp., 1.88%, 4/15/18 (d)   2,133   2,087,943  
Dufry Finance SCA, 5.50%, 10/15/20 (b)(d)   557   573,710  
The Neiman Marcus Group, Inc., 8.00%, 10/15/21 (b)(d)   856   879,540  
       
    3,541,193  
 
Oil, Gas & Consumable Fuels — 3.7%  
Access Midstream Partners LP/ACMP Finance Corp., 4.88%, 5/15/23   455   445,900  
Alpha Natural Resources, Inc., 6.25%, 6/01/21   209   179,218  
Antero Resources Finance Corp., 5.38%, 11/01/21 (b)(d)   774   781,740  
Athlon Holdings LP/Athlon Finance Corp., 7.38%, 4/15/21 (b)   254   266,065  
Bonanza Creek Energy, Inc., 6.75%, 4/15/21   95   100,463  
            
Corporate Bonds Par
(000)
  Value  
 
Oil, Gas & Consumable Fuels (continued)  
Chaparral Energy, Inc., 7.63%, 11/15/22 USD 305 $ 330,162  
Concho Resources, Inc., 6.50%, 1/15/22 (d)   221   239,232  
CONSOL Energy, Inc., 8.25%, 4/01/20 (d)   1,890   2,055,375  
EP Energy LLC/Everest Acquisition Finance, Inc., Series WI, 6.88%, 5/01/19 (d)   630   678,825  
Holly Energy Partners LP/Holly Energy Finance Corp., 6.50%, 3/01/20 (d)   215   225,212  
Kinder Morgan Finance Co. LLC, 6.00%, 1/15/18 (b)(d)   1,285   1,412,860  
Kinder Morgan, Inc., 5.63%, 11/15/23 (b)   662   651,280  
Kodiak Oil & Gas Corp., 8.13%, 12/01/19 (d)   1,470   1,628,025  
Lightstream Resources Ltd., 8.63%, 2/01/20 (b)   379   377,105  
Linn Energy LLC/Linn Energy Finance Corp.:          
  8.63%, 4/15/20 (d)   903   966,210  
  7.75%, 2/01/21   215   223,063  
Memorial Production Partners LP/Memorial Production Finance Corp., 7.63%, 5/01/21   344   353,460  
Oasis Petroleum, Inc.:          
  7.25%, 2/01/19   380   409,450  
  6.50%, 11/01/21   410   442,800  
  6.88%, 3/15/22 (b)   479   514,925  
Offshore Group Investment Ltd., 7.13%, 4/01/23   656   675,680  
PBF Holding Co. LLC/PBF Finance Corp., 8.25%, 2/15/20   202   212,100  
Penn Virginia Resource Partners LP/Penn Virginia Resource Finance Corp. II, 8.38%, 6/01/20   351   387,855  
Petrobras Global Finance BV, 3.00%, 1/15/19 (d)   768   729,436  
Range Resources Corp. (d):          
  6.75%, 8/01/20   815   884,275  
  5.75%, 6/01/21   161   171,666  
RKI Exploration & Production LLC/RKI Finance Corp., 8.50%, 8/01/21 (b)   143   149,435  
Rosetta Resources, Inc., 5.63%, 5/01/21   379   380,421  
Sabine Pass Liquefaction LLC, 5.63%, 4/15/23 (b)(d)   754   714,415  
Sabine Pass LNG LP, 7.50%, 11/30/16 (d)   3,110   3,514,300  

 

BLACKROCK LIMITED DURATION INCOME TRUSTNOVEMBER 30, 20139
 

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)  
SandRidge Energy, Inc.:          
  8.75%, 1/15/20 USD 94 $ 101,520  
  7.50%, 2/15/23 (d)   1,096   1,117,920  
SESI LLC, 6.38%, 5/01/19 (d)   475   505,875  
SM Energy Co.:          
  6.63%, 2/15/19   60   63,600  
  6.50%, 11/15/21 (d)   605   647,350  
Summit Midstream Holdings LLC/Summit Midstream Finance Corp., 7.50%, 7/01/21 (b)   636   664,620  
Tesoro Logistics LP/Tesoro Logistics Finance Corp., 5.88%, 10/01/20 (d)   176   180,840  
Whiting Petroleum Corp., 5.00%, 3/15/19 (d)   1,426   1,458,085  
       
    24,840,763  
 
Paper & Forest Products — 0.2%  
Ainsworth Lumber Co., Ltd., 7.50%, 12/15/17 (b)(d)   728   784,420  
NewPage Corp., 11.38%, 12/31/14 (a)(k)   3,177    
Sappi Papier Holding GmbH, 8.38%, 6/15/19 (b)(d)   305   332,450  
       
    1,116,870  
 
Pharmaceuticals — 0.8%  
Capsugel SA, 7.00%, 5/15/19 (b)(e)   156   158,730  
Valeant Pharmaceuticals International (b):          
  6.75%, 8/15/18 (d)   2,214   2,438,167  
  6.88%, 12/01/18 (d)   1,210   1,297,725  
  6.38%, 10/15/20 (d)   613   645,949  
  7.50%, 7/15/21   335   368,500  
  5.63%, 12/01/21 (j)   520   522,600  
       
    5,431,671  
 
Professional Services — 0.1%  
La Financiere Atalian SA, 7.25%, 1/15/20 EUR 202   283,887  
Truven Health Analytics, Inc., 10.63%, 6/01/20 USD 540   610,875  
       
    894,762  
 
Real Estate Investment Trusts (REITs) — 0.6%  
Cantor Commercial Real Estate Co. LP/CCRE Finance Corp., 7.75%, 2/15/18 (b)(d)   634   670,455  
Felcor Lodging LP, 6.75%, 6/01/19 (d)   820   877,400  
            
Corporate Bonds Par
(000)
  Value  
 
Real Estate Investment Trusts (REITs) (concluded)  
The Geo Group, Inc., 5.88%, 1/15/22 (b) USD 340 $ 340,000  
iStar Financial, Inc., 4.88%, 7/01/18   449   446,755  
Ventas Realty LP / Ventas Capital Corp., 4.75%, 6/01/21 (d)   1,300   1,378,367  
       
    3,712,977  
 
Real Estate Management & Development — 1.1%  
Realogy Corp. (b):          
  7.88%, 2/15/19 (d)   1,833   2,002,552  
  7.63%, 1/15/20 (d)   1,015   1,134,263  
  9.00%, 1/15/20   367   425,720  
The Realogy Group LLC/Sunshine Group Florida Ltd., 3.38%, 5/01/16 (b)   756   757,890  
Rialto Holdings LLC/Rialto Corp., 7.00%, 12/01/18 (b)   220   220,000  
RPG Byty Sro, 6.75%, 5/01/20 EUR 220   302,673  
Shea Homes LP/Shea Homes Funding Corp., 8.63%,  5/15/19 (d) USD 2,110   2,331,550  
       
    7,174,648  
 
Road & Rail — 0.9%  
Asciano Finance, Ltd., 3.13%, 9/23/15 (b)(d)   3,400   3,488,148  
The Hertz Corp.:          
  7.50%, 10/15/18   540   583,875  
  6.75%, 4/15/19   405   436,388  
  5.88%, 10/15/20   435   451,312  
  7.38%, 1/15/21 (d)   675   740,812  
Watco Cos. LLC/Watco Finance Corp., 6.38%, 4/01/23 (b)   319   318,203  
       
    6,018,738  
 
Semiconductors & Semiconductor Equipment — 0.3%  
GCS Holdco Finance I SA, 6.50%, 11/15/18 EUR 100   138,937  
NXP BV/NXP Funding LLC (b)(d):          
  3.75%, 6/01/18 USD 950   957,125  
  5.75%, 2/15/21   560   583,100  
       
    1,679,162  
 
Software — 0.7%  
Activision Blizzard, Inc. (b):          
  5.63%, 9/15/21 (d)   467   485,096  
  6.13%, 9/15/23   163   170,743  
Healthcare Technology Intermediate, Inc., 7.38%, 9/01/18 (b)(e)   298   306,195  
Infor US, Inc., 9.38%, 4/01/19 (d)   2,000   2,255,000  

 

BLACKROCK LIMITED DURATION INCOME TRUSTNOVEMBER 30, 201310
 

Consolidated Schedule of Investments (continued)   BlackRock Limited Duration Income Trust (BLW)
  (Percentages shown are based on Net Assets)

                   
Corporate Bonds Par
(000)
  Value  
 
Software (concluded)  
Nuance Communications, Inc., 5.38%, 8/15/20 (b)(d) USD 1,715 $ 1,616,387  
       
    4,833,421  
 
Specialty Retail — 1.1%  
Claire's Stores, Inc. (b):          
  9.00%, 3/15/19 (d)   1,034   1,156,788  
  7.75%, 6/01/20   219   219,000  
Magnolia BC SA, 9.00%, 8/01/20 EUR 274   389,065  
Michaels FinCo Holdings LLC/Michaels FinCo, Inc., 7.50%, 8/01/18 (b)(d)(e) USD 620   641,700  
Michaels Stores, Inc., 7.75%, 11/01/18   317   343,153  
New Academy Finance Co. LLC/New Academy Finance Corp., 8.00%, 6/15/18 (b)(e)   218   223,180  
New Look Bondco I PLC, 8.75%, 5/14/18 GBP 100   172,016  
Party City Holdings, Inc., 8.88%, 8/01/20 USD 599   664,890  
PC Nextco Holdings LLC/PC Nextco Finance, Inc., 8.75%,  8/15/19 (b)(e)   252   260,190  
QVC, Inc. (b)(d):          
  7.50%, 10/01/19   410   440,939  
  7.38%, 10/15/20   1,260   1,363,393  
Sally Holdings LLC / Sally Capital, Inc.:          
  6.88%, 11/15/19 (d)   920   1,017,750  
  5.50%, 11/01/23   508   505,460  
       
    7,397,524  
 
Textiles, Apparel & Luxury Goods — 0.2%  
Levi Strauss & Co., 6.88%, 5/01/22 (d)   380   415,150  
SIWF Merger Sub, Inc., 6.25%, 6/01/21 (b)   645   648,225  
The William Carter Co., 5.25%, 8/15/21 (b)   346   352,055  
       
    1,415,430  
 
Transportation Infrastructure — 1.8%  
Aguila 3 SA (b):          
  7.88%, 1/31/18   498   528,502  
  Series 144, 7.88%, 1/31/18   350   371,438  
Federal Express Corp. 2012 Pass Through Trust, 2.63%, 1/15/18 (b)(d)   1,212   1,225,253  
Penske Truck Leasing Co. LP / PTL Finance Corp. (b)(d):          
  3.13%, 5/11/15   3,372   3,469,087  
              
Corporate Bonds Par
(000)
  Value  
 
Transportation Infrastructure (concluded)  
Penske Truck Leasing Co. LP / PTL Finance Corp. (b)(d) (concluded):          
  3.38%, 3/15/18 USD 6,155 $ 6,350,095  
       
    11,944,375  
 
Wireless Telecommunication Services — 2.4%  
Crown Castle Towers LLC, 4.52%, 1/15/35 (b)(d)   3,000   3,104,556  
Digicel Ltd., 6.00%, 4/15/21 (b)(d)   2,073   2,000,445  
Sprint Communications, Inc. (b)(d):          
  9.00%, 11/15/18   2,020   2,444,200  
  7.00%, 3/01/20   1,361   1,514,113  
Sprint Corp., 7.88%, 9/15/23 (b)(d)   2,590   2,836,050  
T-Mobile USA, Inc.:          
  6.63%, 4/28/21 (d)   1,380   1,445,550  
  6.13%, 1/15/22   215   219,031  
  6.73%, 4/28/22 (d)   1,455   1,516,837  
  6.50%, 1/15/24   395   399,938  
Wind Acquisition Finance SA, 6.50%, 4/30/20 (b)   311   328,105  
       
    15,808,825  
 
Total Corporate Bonds64.0%   424,968,442  
 
   
Floating Rate Loan Interests (c)  
 
Aerospace & Defense — 0.7%  
DigitalGlobe, Inc., Term Loan B, 3.75%, 1/31/20   1,294   1,304,818  
Transdigm, Inc., Term Loan C, 3.75%, 2/28/20   655   657,834  
TransUnion LLC, Term Loan, 4.25%, 2/10/19   2,577   2,591,797  
       
    4,554,449  
 
Airlines — 0.4%  
Delta Air Lines, Inc., Term Loan B1, 4.00%, 10/18/18   681   683,451  
Northwest Airlines, Inc.:          
  Term Loan, 2.24%, 3/10/17   527   485,747  
  Term Loan, 1.62%, 9/10/18   690   608,925  
US Airways Group, Inc., Term Loan B1, 4.25%, 5/23/19   840   842,520  
       
    2,620,643  
 
Auto Components — 2.1%  
Affinia Group Intermediate Holdings, Inc., Term Loan B2, 4.75%, 4/27/20   908   919,071  

 

BLACKROCK LIMITED DURATION INCOME TRUSTNOVEMBER 30, 201311
 

Consolidated Schedule of Investments (continued)   BlackRock Limited Duration Income Trust (BLW)
  (Percentages shown are based on Net Assets)

                   
Floating Rate Loan Interests (c) Par
(000)
  Value  
 
Auto Components (concluded)  
Autoparts Holdings Ltd.:          
  1st Lien Term Loan, 6.50%, 7/28/17 USD 964 $ 946,399  
  2nd Lien Term Loan, 10.50%, 1/29/18   1,500   1,395,000  
Federal-Mogul Corp.:          
  Term Loan B, 2.10% - 2.11%, 12/29/14   3,463   3,418,164  
  Term Loan C, 2.10% – 2.11%, 12/28/15   3,177   3,136,176  
The Goodyear Tire & Rubber Co., 2nd Lien Term Loan, 4.75%, 4/30/19   2,985   3,011,119  
Schaeffler AG, Term Loan C, 4.25%, 1/27/17   140   140,759  
Transtar Holding Co., 1st Lien Term Loan, 5.50%, 10/09/18   1,272   1,256,248  
       
    14,222,936  
 
Beverages — 0.0%  
Le-Nature's, Inc., Tranche B Term Loan, 0.00%, 3/01/11 (a)(k)   1,000   100  
 
Biotechnology — 0.1%  
Grifols, Inc., Term Loan B, 4.25%, 6/01/17   529   531,749  
 
Building Products — 0.7%  
Continental Building Products LLC, 1st Lien Term Loan, 4.50%, 8/14/20   915   910,425  
CPG International, Inc., Term Loan, 4.75%, 9/30/20   1,380   1,381,725  
Quikrete Holdings, Inc., 1st Lien Term Loan, 4.00%, 9/28/20   550   552,161  
United Subcontractors, Inc., Term Loan, 4.25%, 6/30/15   172   162,963  
Wilsonart International Holdings LLC:          
  Incremental Term Loan B2, 4.00%, 10/31/19   770   760,375  
  Term Loan B, 4.00%, 10/31/19   814   806,054  
       
    4,573,703  
 
Capital Markets — 0.4%  
American Capital Holdings, Inc., Term Loan, 4.00%, 8/22/16   557   558,821  
HarbourVest Partners LLC, Term Loan B, 4.75%, 11/21/17   793   795,250  
KCG Holdings, Inc., Term Loan B, 5.75%, 12/05/17   492   493,385  
            
Floating Rate Loan Interests (c) Par
(000)
  Value  
 
Capital Markets (concluded)  
Santander Asset Management, Term Loan, 1.00%, 11/11/20 USD 1,125 $ 1,125,000  
       
    2,972,456  
 
Chemicals — 1.8%  
Allnex USA, Inc.:          
  Term Loan B1, 4.50%, 10/03/19   322   323,012  
  Term Loan B2, 4.50%, 10/03/19   167   167,596  
American Rock Salt Holdings LLC, Term Loan, 5.50%, 4/25/17   525   528,691  
CeramTec Acquisition Corp., Term Loan B2, 4.25%, 8/28/20   46   45,764  
Chemtura Corp., Term Loan B, 3.50%, 8/27/16   378   380,043  
Chromaflo Technologies Corp.:          
  1st Lien Term Loan, 4.50%, 11/30/19   660   660,000  
  2nd Lien Term Loan, 8.25%, 5/30/20   560   562,800  
Evergreen Acquisition 1 LP, Term Loan, 5.00%, 7/09/19   775   776,416  
INEOS US Finance LLC, 6 Year Term Loan, 4.00%, 5/04/18   507   507,619  
MacDermid, Inc., 1st Lien Term Loan, 3.16%, 6/08/20   668   671,667  
Nexeo Solutions LLC, Term Loan B, 5.00%, 9/08/17   1,268   1,258,792  
OXEA Finance LLC:          
  2nd Lien Term Loan, 8.25%, 7/15/20   705   716,238  
  Term Loan B2, 4.25%, 1/15/20   680   683,570  
Royal Adhesives and Sealants LLC, 1st Lien Term Loan, 5.50%, 7/31/18   790   796,093  
Tata Chemicals North America, Inc., Term Loan B, 3.75%, 8/07/20   663   661,679  
Tronox Pigments (Netherlands) BV, 2013 Term Loan, 4.50%, 3/19/20   940   950,543  
US Coatings Acquisition, Inc., Term Loan, 4.75%, 2/01/20   2,099   2,114,314  
       
    11,804,837  
 
Commercial Banks — 0.1%  
Redtop Acquisitions Ltd.:          
  1st Lien Term Loan, 3.27%, 11/30/20   420   421,575  

 

BLACKROCK LIMITED DURATION INCOME TRUSTNOVEMBER 30, 201312
 

Consolidated Schedule of Investments (continued)   BlackRock Limited Duration Income Trust (BLW)
  (Percentages shown are based on Net Assets)

                   
Floating Rate Loan Interests (c) Par
(000)
  Value  
 
Commercial Banks (concluded)  
Redtop Acquisitions Ltd. (concluded):          
  2nd Lien Term Loan, 8.25%, 5/31/21 USD 355 $ 356,775  
       
    778,350  
 
Commercial Services & Supplies — 1.4%  
ADS Waste Holdings, Inc., Term Loan B, 4.25%, 10/09/19   1,478   1,484,195  
AWAS Finance Luxembourg 2012 SA, Term Loan, 3.50%, 7/16/18   1,259   1,262,221  
AWAS Finance Luxembourg Sarl, Term Loan B, 3.50%, 6/10/16   600   601,493  
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   967   970,046  
Learning Care Group (US) No. 2, Inc., Term Loan B, 6.00%, 5/08/19   204   204,535  
Livingston International, Inc.:          
  1st Lien Term Loan, 5.00%, 4/16/19   778   777,077  
  2nd Lien Term Loan, 9.00%, 4/20/20   352   354,169  
Protection One, Inc., Term Loan, 4.25%, 3/21/19   573   572,218  
Spin Holdco, Inc., Term Loan B, 4.25%, 11/14/19   1,790   1,791,128  
West Corp., Term Loan B8, 3.75%, 6/29/18   982   985,466  
       
    9,376,711  
 
Communications Equipment — 1.7%  
Alcatel-Lucent USA, Inc.:          
  Term Loan C, 5.75%, 1/30/19   3,623   3,652,077  
  Term Loan D, 6.25%, 1/30/19 EUR 1,226   1,665,533  
Avaya, Inc.:          
  Extended Term Loan B3, 4.74%, 10/26/17 USD 767   734,362  
  Term Loan B5, 8.00%, 3/30/18   171   169,868  
CommScope, Inc., Term Loan, 3.75%, 1/12/18   1,219   1,219,359  
Telesat Canada, Term Loan A, 4.38%, 3/24/17 CAD 1,766   1,664,294  
Zayo Group LLC, Term Loan B, 4.00%, 7/02/19 USD 2,301   2,299,546  
       
    11,405,039  
 
          
Floating Rate Loan Interests (c) Par
(000)
  Value  
 
Construction & Engineering — 0.4%  
Centaur LLC:          
  1st Lien Term Loan, 5.25%, 2/20/19 USD 1,438 $ 1,452,153  
  2nd Lien Term Loan, 8.75%, 2/15/20   710   724,200  
USIC Holdings, Inc., 1st Lien Term Loan, 4.75%, 7/10/20   474   475,589  
       
    2,651,942  
 
Construction Materials — 0.5%  
Filtration Group Corp.:          
  1st Lien Term Loan, 4.50%, 11/30/20   505   508,575  
  2nd Lien Term Loan, 8.25%, 11/30/21   605   614,831  
HD Supply, Inc., Senior Debt B, 4.50%, 10/12/17   1,883   1,892,802  
McJunkin Red Man Corp., Term Loan, 5.00%, 11/12/19   380   382,732  
       
    3,398,940  
 
Consumer Finance — 0.2%  
Springleaf Financial Funding Co., Term Loan B2, 4.75%, 9/25/19   1,220   1,232,200  
 
Containers & Packaging — 0.4%  
Pact Group (USA), Inc., Term  Loan B, 3.75%, 5/29/20   1,247   1,235,192  
Polarpak, Inc., 1st Lien Canadian Borrower, 4.50%, 6/05/20   167   168,294  
Sealed Air Corp., 2013 Term Loan, 4.00%, 10/03/18   452   452,228  
WNA Holdings, Inc.:          
  1st Lien US Borrower, 4.50% - 5.50%, 6/05/20   91   91,419  
  2nd Lien Term Loan, 8.50%, 12/07/20   475   478,562  
       
    2,425,695  
 
Distributors — 0.4%  
ABC Supply Co., Inc., Term Loan, 3.50%, 4/16/20   2,105   2,102,369  
Crossmark Holdings, Inc., 1st Lien Term Loan, 4.50%, 12/20/19   382   380,202  
VWR Funding, Inc., Extended Add on Term Loan, 4.16%, 4/03/17   457   457,691  
       
    2,940,262  
 
Diversified Consumer Services — 0.7%  
Bright Horizons Family Solutions, Inc., Term Loan B, 4.00% - 5.25%, 1/30/20   779   782,525  

 

BLACKROCK LIMITED DURATION INCOME TRUSTNOVEMBER 30, 201313
 

Consolidated Schedule of Investments (continued)   BlackRock Limited Duration Income Trust (BLW)
  (Percentages shown are based on Net Assets)

                   
Floating Rate Loan Interests (c) Par
(000)
  Value  
 
Diversified Consumer Services (concluded)  
Doncasters Finance US LLC, Term Loan, 5.50%, 4/09/20 USD 552 $ 556,715  
Garda World Security Corp., Term Loan B, 4.00%, 11/06/20   299   300,359  
ROC Finance LLC, Term Loan, 5.00%, 5/15/19   630   602,834  
ServiceMaster Co., Term Loan, 4.25%, 1/31/17   1,041   1,024,323  
Weight Watchers International, Inc., Term Loan B2, 3.75%, 4/02/20   1,669   1,431,167  
       
    4,697,923  
 
Diversified Financial Services — 0.8%  
ION Trading Technologies Sarl:          
  1st Lien Term Loan, 4.50%, 5/22/20   559   561,046  
  2nd Lien Term Loan, 8.25%, 5/21/21   310   312,843  
Kasima LLC, Term Loan B, 3.25%, 5/17/21   740   737,691  
Reynolds Group Holdings, Inc., Dollar Term Loan, 4.00%, 12/31/18   1,517   1,526,545  
RPI Finance Trust, Term Loan B3, 3.50%, 11/09/18   454   455,667  
WMG Acquisition Corp., Term Loan, 3.75%, 7/01/20   1,740   1,737,825  
       
    5,331,617  
 
Diversified Telecommunication Services — 1.8%  
Consolidated Communications, Inc., Term Loan B3, 5.25%, 12/31/18   2,238   2,249,949  
Hawaiian Telcom Communications, Inc., Term Loan B, 5.00%, 6/06/19   1,737   1,740,358  
Integra Telecom, Inc.:          
  1st Lien Term Loan, 5.25%, 2/22/19   1,169   1,180,454  
  2nd Lien Term Loan, 9.75%, 2/21/20   590   604,502  
Level 3 Financing, Inc., 2020 Term Loan B, 4.00%, 1/15/20   4,865   4,895,406  
Syniverse Holdings, Inc., Term Loan B, 4.00%, 4/23/19   509   512,180  
US Telepacific Corp., Term Loan B, 5.75%, 2/23/17   995   993,383  
       
    12,176,232  
 
                   

 

Floating Rate Loan Interests (c) Par
(000)
  Value  
 
Electric Utilities — 0.1%  
Sandy Creek Energy Associates, L.P., Term Loan B, 5.00%, 11/06/20 USD 485 $ 486,324  
 
Electrical Equipment — 0.4%  
Texas Competitive Electric Holdings Co. LLC, Extended Term Loan, 4.67% - 4.74%, 10/10/17   3,490   2,413,789  
 
Electronic Equipment, Instruments & Components — 0.1%  
CDW LLC, Term Loan, 3.50%, 4/29/20   846   841,522  
 
Energy Equipment & Services — 0.3%  
Dynegy Holdings, Inc., Term  Loan B2, 4.00%, 4/23/20   1,107   1,108,377  
MEG Energy Corp., Refinancing Term Loan, 3.75%, 3/31/20   648   652,422  
Unifrax Corp., Term Loan, 4.25%, 11/28/18   551   551,636  
   
    2,312,435  
 
Food & Staples Retailing — 0.3%  
Rite Aid Corp.:          
  2nd Lien Term Loan, 5.75%, 8/21/20   240   245,700  
  Term Loan 6, 4.00%, 2/21/20   259   260,500  
Supervalu, Inc., Refinancing Term Loan B, 5.00%, 3/21/19   914   917,455  
US Foods, Inc., Refinancing Term Loan, 4.50%, 3/29/19   299   299,998  
   
    1,723,653  
 
Food Products — 1.3%  
AdvancePierre Foods, Inc., Term Loan, 5.75%, 7/10/17   779   774,048  
CTI Foods Holding Co. LLC, 1st Lien Term Loan, 4.50%, 6/29/20   655   655,000  
Del Monte Foods Co.:          
  1st Lien Term Loan, 1.00%, 11/06/20   645   648,225  
  Term Loan, 4.00%, 3/08/18   327   327,760  
Dole Food Co., Inc., Term Loan B, 4.50%, 11/01/18   1,065   1,069,729  
Performance Food Group Co., 2nd Lien Term Loan, 6.25%, 11/14/19   1,047   1,043,447  
Pinnacle Foods Finance LLC, Term Loan G, 3.25%, 4/29/20   1,194   1,192,209  

 

BLACKROCK LIMITED DURATION INCOME TRUSTNOVEMBER 30, 201314
 

Consolidated Schedule of Investments (continued)   BlackRock Limited Duration Income Trust (BLW)
  (Percentages shown are based on Net Assets)

             
Floating Rate Loan Interests (c) Par
(000)
  Value  
 
Food Products (concluded)  
Reddy Ice Corp.:          
  1st Lien Term Loan, 6.75%, 5/01/19 USD 1,483 $ 1,481,631  
  2nd Lien Term Loan, 10.75%, 11/01/19   1,380   1,355,850  
   
    8,547,899  
 
Gas Utilities — 0.1%  
EFS Cogen Holdings I, Inc., Term Loan B, 1.00%, 12/01/20   585   585,000  
 
Health Care Equipment & Supplies — 1.7%  
Arysta LifeScience Corp.:          
  1st Lien Term Loan, 4.50%, 5/29/20   1,481   1,487,775  
  2nd Lien Term Loan, 8.25%, 11/30/20   530   538,612  
Biomet, Inc., Term Loan B2, 3.67% - 3.75%, 7/25/17   1,242   1,251,003  
Capital Safety North America Holding, Inc., Term Loan, 4.50%, 1/21/19   985   982,594  
Capsugel Holdings US, Inc., Term Loan B, 3.50%, 8/01/18   583   581,988  
DJO Finance LLC, Term Loan B3, 4.75%, 9/15/17   1,709   1,726,121  
The Hologic, Inc., Term Loan B, 3.75%, 8/01/19   1,321   1,326,028  
Immucor, Inc., Refinancing Term Loan B2, 5.00%, 8/17/18   638   639,818  
Kinetic Concepts, Inc., Term Loan D1, 4.50%, 5/04/18   275   277,681  
LHP Hospital Group, Inc., Term Loan, 9.00%, 7/03/18   849   794,049  
Onex Carestream Finance LP:          
  1st Lien Term Loan, 5.00%, 6/07/19   844   853,212  
  2nd Lien Term Loan, 9.50%, 6/07/19   740   744,625  
   
    11,203,506  
 
Health Care Providers & Services — 1.8%  
American Renal Holdings, Inc.:          
  1st Lien Term Loan, 4.50%, 9/20/19   851   848,598  
  2nd Lien Term Loan, 8.50%, 2/14/20   890   876,650  
Ardent Medical Services, Inc., Term Loan, 6.75%, 7/02/18   476   475,209  
CHG Buyer Corp., Term Loan, 4.25%, 11/19/19   707   710,274  
ConvaTec, Inc., Term Loan, 4.00%, 12/22/16   1,220   1,225,806  
            
Floating Rate Loan Interests (c) Par
(000)
  Value  
 
Health Care Providers & Services (concluded)  
DaVita, Inc., Term Loan B, 4.50%, 10/20/16 USD 1,945 $ 1,954,239  
Envision Acquisition Co. LLC, 1st Lien Term Loan, 5.75%, 11/04/20   905   907,263  
Envision Healthcare Corp., Term Loan, 4.00%, 5/25/18   277   277,225  
Fresenius SE & Co. KGaA, Incremental Term Loan B, 2.25%, 6/30/19 EUR 610   826,796  
Genesis HealthCare Corp., Term Loan B, 10.00% - 10.75%, 9/25/17 USD 1,055   1,065,427  
Ikaria Acquisition, Inc., 1st Lien Term Loan, 7.25%, 7/03/18   499   502,428  
inVentiv Health, Inc.:          
  Combined Term Loan, 7.50%, 8/04/16   360   355,636  
  Incremental Term Loan B3, 7.75%, 5/15/18   232   229,815  
Surgical Care Affiliates, Inc.,  Class C Incremental Term Loan, 4.25%, 6/29/18   599   599,996  
US Renal Care, Inc., Incremental 1st Lien Term Loan, 5.25%, 7/03/19   1,152   1,162,483  
   
    12,017,845  
 
Health Care Technology — 0.1%  
IMS Health, Inc., Term Loan B1, 3.75%, 9/01/17   640   642,179  
MedAssets, Inc., Term Loan B, 4.00%, 12/13/19   265   265,041  
   
    907,220  
 
Hotels, Restaurants & Leisure — 6.5%  
Bally Technologies, Inc., Term  Loan B, 4.25%, 8/31/20   675   678,935  
Bronco Midstream Funding LLC, Term Loan B, 5.00%, 8/17/20   1,330   1,343,300  
Caesars Entertainment Resort Properties, LLC, Term Loan B, 7.00%, 10/12/20   17,560   17,241,813  
Drumm Investors LLC, Term Loan, 5.00%, 5/04/18   1,057   1,029,067  
Four Seasons Holdings, Inc., 2nd Lien Term Loan, 6.25%, 12/28/20   585   598,894  
Hilton Worldwide Finance LLC, Term Loan B2, 4.00%, 10/26/20   6,507   6,524,780  
Intrawest ULC, Term Loan, 5.50%, 11/26/20   615   615,769  

 

BLACKROCK LIMITED DURATION INCOME TRUSTNOVEMBER 30, 201315
 

Consolidated Schedule of Investments (continued)   BlackRock Limited Duration Income Trust (BLW)
  (Percentages shown are based on Net Assets)

Floating Rate Loan Interests (c) Par
(000)
  Value  
 
Hotels, Restaurants & Leisure (concluded)  
Marina District Finance Co., Inc., Term Loan B, 6.75%, 8/15/18 USD 1,375 $ 1,376,719  
MGM Resorts International, Term Loan B, 3.50%, 12/20/19   1,078   1,076,535  
OSI Restaurant Partners LLC, Term Loan, 3.50%, 10/25/19   605   605,127  
Pinnacle Entertainment, Inc., Term Loan B2, 3.75%, 8/13/20   923   925,861  
Playa Resorts Holding BV, Term Loan B, 4.75%, 8/06/19   725   730,894  
Sabre, Inc.:          
  Incremental Term Loan, 4.50%, 2/19/19   400   399,252  
  Term Loan B, 5.25%, 2/19/19   566   568,910  
Station Casinos, Inc., Term Loan B, 5.00%, 3/02/20   3,269   3,301,947  
Travelport LLC:          
  2nd Lien Term Loan 1, 9.50%, 1/29/16   1,178   1,218,720  
  2nd Lien Term Loan 2, 4.00%, 12/01/16 (e)   1,033   1,051,026  
  Refinancing Term Loan, 6.25%, 6/26/19   1,581   1,614,065  
Twin River Management Group, Inc., Term Loan B, 5.25%, 11/09/18   1,423   1,437,520  
Wendy's International, Inc., Term Loan B, 3.25%, 5/15/19   668   667,722  
   
    43,006,856  
 
Household Products — 0.4%  
Prestige Brands, Inc., Term Loan, 3.75% - 5.00%, 1/31/19   640   641,432  
Spectrum Brands, Inc.:          
  Term Loan, 4.50%, 12/17/19   887   890,455  
  Term Loan A, 3.00%, 9/07/17   720   720,598  
  Term Loan C, 3.50%, 9/04/19   180   180,446  
   
    2,432,931  
 
Independent Power Producers & Energy Traders — 0.7%  
AES Corp., Refinancing Term Loan B, 3.75%, 6/01/18   381   383,228  
Calpine Corp., Term Loan B1, 4.00%, 4/02/18   1,056   1,062,351  
La Frontera Generation LLC, Term Loan, 4.50%, 9/30/20   1,831   1,848,654  
Star West Generation LLC, Term Loan B, 4.25%, 3/13/20   1,025   1,031,255  
   
    4,325,488  
 

 

Floating Rate Loan Interests (c) Par
(000)
  Value  
 
Industrial Conglomerates — 0.3%  
Sequa Corp., Term Loan B, 5.25%, 12/19/17 USD 1,839 $ 1,814,283  
 
Insurance — 1.1%  
Alliant Holdings I, Inc., Term Loan B, 4.75%, 12/20/19   1,067   1,068,943  
Asurion LLC, Term Loan B1, 4.50%, 5/24/19   1,533   1,532,355  
CNO Financial Group, Inc., Term Loan B2, 3.75%, 9/20/18   1,312   1,313,350  
Cooper Gay Swett & Crawford Ltd.:          
  1st Lien Term Loan, 5.00%, 4/16/20   1,057   1,043,139  
  2nd Lien Term Loan, 8.25%, 10/16/20   500   490,415  
Cunningham Lindsey US, Inc., 1st Lien Term Loan, 5.00%, 12/10/19   923   920,718  
Hub International Ltd., Term Loan B, 4.75%, 10/02/20   780   787,511  
National Financial Partners Corp., Term Loan, 5.25%, 7/01/20   304   307,660  
   
    7,464,091  
 
Internet Software & Services — 0.6%  
Interactive Data Corp., Term Loan B, 3.75%, 2/11/18   2,121   2,118,650  
W3 Co.:          
  1st Lien Term Loan, 5.75%, 3/13/20   1,035   1,037,387  
  2nd Lien Term Loan, 9.25%, 9/11/20   404   408,027  
Web.com Group, Inc., Term Loan B, 4.50%, 10/27/17   545   549,508  
   
    4,113,572  
 
IT Services — 1.0%  
CCC Information Services, Inc., Term Loan, 4.00%, 12/20/19   308   307,675  
Ceridian Corp., Term Loan B, 4.42%, 5/09/17   1,115   1,119,094  
First Data Corp., 2018 Term Loan:          
  4.17%, 9/24/18   1,615   1,618,521  
  Extended B, 4.17%, 3/23/18   2,169   2,173,541  
InfoGroup, Inc., Term Loan, 8.00%, 5/25/18   754   610,602  
Moneygram International, Inc., Term Loan B, 4.25%, 3/27/20   142   142,623  
SunGard Data Systems, Inc.:          
  Term Loan D, 4.50%, 1/31/20   387   389,130  
  Term Loan E, 4.00%, 3/09/20   433   436,071  
   
    6,797,257  
 

 

BLACKROCK LIMITED DURATION INCOME TRUSTNOVEMBER 30, 201316
 

Consolidated Schedule of Investments (continued)   BlackRock Limited Duration Income Trust (BLW)
  (Percentages shown are based on Net Assets)

Floating Rate Loan Interests (c) Par
(000)
  Value  
 
Life Sciences Tools & Services — 0.1%  
Patheon, Inc., Term Loan, 7.25%, 12/06/18 USD 465 $ 469,665  
 
Machinery — 2.0%  
Allegion PLC, Term Loan B, 3.00%, 9/30/20   795   795,246  
Alliance Laundry Systems LLC, Refinancing Term Loan, 4.25%, 12/10/18   274   274,863  
Dayco Products LLC, Term Loan B, 5.25%, 11/26/19   860   853,550  
Faenza Acquisition GmbH:          
  Term Loan B1, 4.25%, 8/31/20   463   464,768  
  Term Loan B3, 4.25%, 8/28/20   141   141,366  
Gardner Denver, Inc.:          
  4.25%, 7/30/20   1,348   1,340,997  
  4.75%, 7/30/20 EUR 223   304,850  
Generac Power Systems, Inc., Term Loan B, 3.50%, 5/31/20 USD 1,421   1,421,438  
Intelligrated, Inc., 1st Lien Term Loan, 4.50%, 7/30/18   1,089   1,091,723  
Mirror Bidco Corp., Term Loan, 5.25%, 12/27/19   1,434   1,440,731  
Navistar International Corp., Term Loan B, 5.75%, 8/17/17   525   532,997  
Pacific Industrial Services US Finance Co., LLC:          
  1st Lien Term Loan, 5.00%, 10/02/18   895   904,514  
  2nd Lien Term Loan, 8.75%, 4/02/19   730   744,600  
Rexnord LLC, 1st Lien Term Loan B, 4.00%, 8/21/20   1,326   1,325,607  
Silver II US Holdings LLC, Term Loan, 4.00%, 12/13/19   592   591,443  
Terex Corp., Term Loan, 4.00%, 4/28/17 EUR 176   240,068  
Wabash National Corp., Term Loan B, 4.50%, 5/02/19 USD 1,086   1,090,524  
   
    13,559,285  
 
Marine — 0.2%  
HGIM Corp., Term Loan B, 5.50%, 6/18/20   1,650   1,656,187  
 
Media — 5.6%  
Activision Blizzard, Inc., Term Loan B, 3.25%, 10/12/20   1,380   1,383,022  
Advanstar Communications, Inc., 2nd Lien Term Loan, 9.50%, 6/06/20   465   465,000  
            
Floating Rate Loan Interests (c) Par
(000)
  Value  
 
Media (continued)  
Catalina Marketing Corp., Term Loan B, 5.25%, 10/12/20 USD 1,020 $ 1,028,670  
Cengage Learning Acquisitions, Inc., Tranche 1 Incremental, 7.50%, 7/03/14   2,005   1,506,762  
Charter Communications Operating LLC, Term Loan E, 3.00%, 7/01/20   1,182   1,164,969  
Clear Channel Communications, Inc.:          
  Term Loan B, 3.81%, 1/29/16   316   304,483  
  Term Loan C, 3.81%, 1/29/16   210   200,226  
  Term Loan D, 6.91%, 1/30/19   4,063   3,829,052  
Cumulus Media Holdings, Inc., 1st Lien Term Loan, 4.50%, 9/17/18   1,362   1,368,899  
EMI Music Publishing Ltd., Term Loan B, 4.25%, 6/29/18   762   764,981  
EW Scripps Co., Term Loan B, 3.25%, 11/14/20   635   636,587  
Fender Musical Instruments Corp., 2019 Term Loan B, 5.75%, 4/03/19   264   266,970  
Foxco Acquisition Sub LLC, Term Loan B, 5.50%, 7/14/17   1,115   1,116,826  
Getty Images, Inc., Term Loan B, 4.75%, 10/18/19   209   193,325  
Hemisphere Media Group, Inc., Term Loan, 6.25%, 7/30/20   893   895,557  
Houghton Mifflin Harcourt Publishing Co., DIP Term Loan B, 4.25%, 6/01/18   2,147   2,151,766  
Hubbard Radio LLC, Term Loan B, 4.50%, 4/29/19   715   720,861  
Intelsat Jackson Holdings SA, Term Loan B2, 2.00%, 6/30/19   2,514   2,517,089  
Lions Gate Entertainment Corp., 2nd Lien Term Loan, 5.00%, 7/17/20   395   395,494  
Live Nation Entertainment, Inc., 2020 Term Loan B1, 3.50%, 8/17/20   565   565,283  
Media General, Inc., Delayed Draw Term Loan B, 5.50%, 7/31/20   750   757,035  
NEP/NCP Holdco, Inc., Term Loan:          
  2nd Lien, 9.50%, 7/22/20   340   348,289  
  4.75%, 1/22/20   1,667   1,671,568  
Rentpath, Inc., Term Loan B, 6.25%, 5/29/20   998   975,056  
Salem Communications Corp., Term Loan B, 4.50%, 3/13/20   1,007   1,010,342  

 

BLACKROCK LIMITED DURATION INCOME TRUSTNOVEMBER 30, 201317
 

Consolidated Schedule of Investments (continued)   BlackRock Limited Duration Income Trust (BLW)
  (Percentages shown are based on Net Assets)

Floating Rate Loan Interests (c) Par
(000)
  Value  
 
Media (concluded)  
Springer Science & Business Media Deutschland GmbH, Term Loan B2, 5.00%, 8/14/20 USD 990 $ 992,683  
Tribune Co., 2013 Term Loan, 4.00%, 11/12/20   1,175   1,169,489  
TWCC Holding Corp., 2nd Lien Term Loan, 7.00%, 6/26/20   840   859,950  
Univision Communications, Inc., Converted Extended Term Loan, 4.50%, 3/02/20   2,442   2,451,222  
UPC Financing Partnership, Term Loan AG, 3.88%, 3/31/21 EUR 442   603,738  
Virgin Media Investment Holdings Ltd.:          
  Term Loan B, 3.50%, 6/08/20 USD 410   409,967  
  Term Loan C, 4.50%, 6/05/20 GBP 2,340   3,864,857  
WideOpenWest Finance LLC, Term Loan B, 4.75%, 4/01/19 USD 736   739,703  
   
    37,329,721  
 
Metals & Mining — 1.9%  
Ameriforge Group, Inc.:          
  1st Lien Term Loan, 5.00%, 12/19/19   943   950,729  
  2nd Lien Term Loan, 8.75%, 12/18/20   470   479,400  
API Heat Transfer, Inc., Term Loan, 5.25%, 5/03/19   681   677,315  
Constellium Holdco BV, Term Loan B, 6.00%, 3/25/20   1,348   1,380,245  
FMG Resources August 2006 Property Ltd., Term Loan, 4.25%, 6/28/19   2,984   3,010,342  
Murray Energy Corp., Term Loan B, 4.75%, 5/24/19   164   164,946  
Novelis, Inc., Term Loan, 3.75%, 3/10/17   3,861   3,876,942  
Walter Energy, Inc., Term Loan B, 6.75%, 4/02/18   193   189,267  
Windsor Financing LLC, Term Loan B, 6.25%, 12/05/17   1,561   1,598,273  
   
    12,327,459  
 
Multiline Retail — 1.5%  
99 Cents Only Stores, Term Loan, 4.50%, 1/11/19   787   789,906  
Apex Tool Group LLC, Term Loan B, 4.50%, 1/31/20   697   697,663  
BJ's Wholesale Club, Inc.:          
  1st Lien Term Loan, 4.50%, 9/26/19   589   590,775  
  2nd Lien Term Loan, 8.50%, 3/26/20   575   585,781  
              
Floating Rate Loan Interests (c) Par
(000)
  Value  
 
Multiline Retail (concluded)  
HEMA Holding BV:          
  Extended 2nd Lien Term Loan, 5.88%, 1/05/18 EUR 2,600 $ 3,273,816  
  Extended Term Loan B, 4.50%, 12/06/17   323   440,969  
  Extended Term Loan C, 4.50%, 12/06/17   295   403,839  
Hudson's Bay Co.:          
  1st Lien Term Loan, 4.75%, 11/04/20 USD 1,025   1,037,464  
  2nd Lien Term Loan, 8.25%, 11/04/21   130   133,467  
JC Penney Corp., Inc., 1st Lien Term Loan, 6.00%, 5/22/18   444   433,505  
The Neiman Marcus Group, Inc., Term Loan B, 5.00%, 10/26/20   1,655   1,664,930  
   
    10,052,115  
 
Oil, Gas & Consumable Fuels — 2.9%  
Brand Energy & Infrastructure Services, Inc., Term Loan B, 4.75%, 11/20/20   1,575   1,581,140  
Chesapeake Energy Corp., Unsecured Term Loan, 5.75%, 12/01/17   2,595   2,646,900  
Drillships Financing Holding, Inc., Term Loan B2, 5.50%, 7/15/16   1,491   1,508,666  
EP Energy LLC, Term Loan B3, 3.50%, 5/24/18   1,127   1,126,948  
Fieldwood Energy LLC, 1st Lien Term Loan, 3.88%, 9/28/18   470   472,862  
GIM Channelview Cogeneration LLC, Term Loan B, 4.25%, 5/08/20   484   486,811  
Obsidian Natural Gas Trust, Term Loan, 7.00%, 11/02/15   1,448   1,448,151  
Offshore Group Investment Ltd.:          
  Term Loan, 6.25%, 10/25/17   893   896,174  
  Term Loan B, 5.75%, 3/28/19   731   737,951  
Pacific Drilling SA, Term Loan B, 4.50%, 6/04/18   1,002   1,010,638  
Panda Temple II Power LLC, Term Loan B, 7.25%, 4/03/19   900   922,500  
Philadelphia Energy Solutions LLC, Term Loan B, 6.25%, 4/04/18   944   843,217  
PowerTeam Services LLC:          
  1st Lien Term Loan, 4.25%, 5/06/20   355   350,123  
  2nd Lien Term Loan, 8.25%, 11/06/20   275   270,188  
  Delayed Draw Term Loan, 4.25%, 5/06/20   19   19,086  

 

BLACKROCK LIMITED DURATION INCOME TRUSTNOVEMBER 30, 201318
 

Consolidated Schedule of Investments (continued)   BlackRock Limited Duration Income Trust (BLW)
  (Percentages shown are based on Net Assets)

Floating Rate Loan Interests (c) Par
(000)
  Value  
 
Oil, Gas & Consumable Fuels (concluded)  
Ruby Western Pipeline Holdings LLC, Term Loan B, 3.50%, 3/27/20 USD 709 $ 711,100  
Samson Investment Co., 2nd Lien Term Loan, 6.00%, 9/25/18   740   741,850  
State Class Tankers II LLC, Term Loan B, 6.75%, 6/22/20   1,080   1,088,100  
Tesoro Corp., Term Loan B, 2.41%, 5/30/16   1,368   1,368,125  
Western Refining, Inc., Term  Loan B, 4.25%, 11/12/20   1,020   1,028,293  
   
    19,258,823  
 
Paper & Forest Products — 0.1%  
NewPage Corp., Exit Term Loan, 7.75%, 12/21/18 (a)(k)   821   837,282  
 
Pharmaceuticals — 1.2%  
Akorn, Inc., Term Loan B, 1.00%, 8/27/20   885   887,770  
Amneal Pharmaceuticals LLC, Term Loan, 7.00%, 11/01/19   610   610,000  
Aptalis Pharma, Inc., Term Loan B, 6.00%, 9/18/20   1,959   1,977,730  
Par Pharmaceutical Cos., Inc., Refinancing Term Loan B, 4.25%, 9/30/19   1,662   1,668,828  
Pharmaceutical Product Development LLC, Term Loan B, 4.25%, 12/05/18   1,403   1,410,298  
Valeant Pharmaceuticals International, Inc.:          
  Series C2 Term Loan B, 3.75%, 12/11/19   553   556,656  
  Term Loan E, 4.50%, 8/05/20   898   907,940  
   
    8,019,222  
 
Professional Services — 0.6%  
Emdeon Business Services LLC, Term Loan B2, 3.75%, 11/02/18   612   613,672  
ON Assignment, Inc., Refinancing Term Loan B, 3.50%, 4/30/20   435   433,205  
SIRVA Worldwide, Inc., Term Loan, 7.50%, 3/27/19   1,065   1,083,281  
TriNet Group, Inc., Term Loan B2, 5.00%, 8/14/20   605   605,000  
Truven Health Analytics, Inc., Term Loan B, 4.50%, 6/06/19   1,175   1,178,601  
   
    3,913,759  
 

 

Floating Rate Loan Interests (c) Par
(000)
  Value  
 
Real Estate Investment Trusts (REITs) — 0.5%  
iStar Financial, Inc., Term Loan, 4.50%, 10/16/17 USD 2,887 $ 2,899,560  
Starwood Property Trust, Inc., Term Loan B, 3.50%, 4/17/20   640   637,203  
   
    3,536,763  
 
Real Estate Management & Development — 0.5%  
CityCenter Holdings LLC, Term Loan B, 5.00%, 10/16/20   1,035   1,046,323  
Realogy Corp.:          
  Extended Letter of Credit, 4.45%, 10/10/16   102   102,938  
  Extended Term Loan, 4.50%, 3/05/20   2,117   2,138,007  
   
    3,287,268  
 
Road & Rail — 0.1%  
Road Infrastructure Investment LLC, Term Loan B, 6.25%, 3/30/18   629   631,469  
 
Semiconductors & Semiconductor Equipment — 0.6%  
Freescale Semiconductor, Inc.:          
  Term Loan B4, 5.00%, 2/28/20   1,567   1,583,282  
  Term Loan B5, 5.00%, 1/15/21   380   383,933  
NXP BV:          
  Term Loan C, 4.75%, 1/11/20   973   973,379  
  Term Loan D, 3.25%, 1/10/20   990   990,743  
   
    3,931,337  
 
Software — 1.9%  
BMC Software Finance, Inc., Term Loan, 5.00%, 9/10/20   845   849,225  
CompuCom Systems, Inc., Refinancing Term Loan B, 4.25%, 5/11/20   224   223,220  
Evertec Group LLC, Term Loan B, 3.50%, 4/17/20   464   451,662  
GCA Services Group, Inc.:          
  2nd Lien Term Loan, 9.25%, 10/22/20   700   707,000  
  Term Loan B, 5.25% - 6.25%, 11/01/19   539   539,550  
Infor US, Inc., Term Loan B2, 5.25%, 4/05/18   1,138   1,143,174  
Kronos, Inc., 2nd Lien Term Loan, 9.75%, 4/30/20   1,840   1,895,200  

 

 

BLACKROCK LIMITED DURATION INCOME TRUSTNOVEMBER 30, 201319
 

Consolidated Schedule of Investments (continued)   BlackRock Limited Duration Income Trust (BLW)
  (Percentages shown are based on Net Assets)

Floating Rate Loan Interests (c) Par
(000)
  Value  
 
Software (concluded)  
Mitchell International, Inc.:          
  1st Lien Term Loan, 4.50%, 10/12/20 USD 635 $ 638,969  
  2nd Lien Term Loan, 8.50%, 10/08/21   1,200   1,215,000  
RP Crown Parent LLC, 1st Lien Term Loan, 6.75%, 12/21/18   913   921,281  
Sophia LP, Term Loan B, 4.50%, 7/19/18   856   862,239  
SS&C Technologies, Inc.:          
  Term Loan B1, 3.25%, 6/07/19   1,015   1,017,445  
  Term Loan B2, 3.25%, 6/07/19   105   105,253  
StoneRiver Holdings, Inc.:          
  1st Lien Term Loan, 4.50%, 11/29/19   340   338,246  
  2nd Lien Term Loan, 8.50%, 5/29/20   267   268,225  
Websence, Inc.:          
  2nd Lien Term Loan, 8.25%, 12/24/20   835   833,956  
  Term Loan B, 4.50%, 6/25/20   419   418,426  
   
    12,428,071  
 
Specialty Retail — 1.5%  
Academy Ltd., Term Loan, 4.50%, 8/03/18   1,769   1,776,735  
Bass Pro Group LLC, Term Loan, 4.00%, 11/20/19   1,159   1,162,821  
Burlington Coat Factory Warehouse Corp., Term Loan B2, 4.25%, 2/23/17   199   199,929  
David's Bridal, Inc., Term Loan B, 5.00%, 10/11/19   948   948,435  
Equinox Holdings, Inc., Repriced Term Loan B, 4.50% - 5.50%, 1/31/20   1,134   1,139,972  
Harbor Freight Tools USA, Inc., 1st Lien Term Loan, 4.75%, 7/26/19   525   530,114  
Michaels Stores, Inc., Term Loan, 3.75%, 1/28/20   542   543,530  
Party City Holdings, Inc., Refinancing Term Loan B, 4.25%, 7/29/19   1,787   1,790,966  
Petco Animal Supplies, Inc., Term Loan, 4.00%, 11/24/17   900   903,374  
Sprouts Farmers Markets Holdings LLC, Term Loan, 4.00%, 4/23/20   322   324,037  
SRAM LLC, Term Loan B, 4.00%, 4/10/20   427   425,736  
            
Floating Rate Loan Interests (c) Par
(000)
  Value  
 
Specialty Retail (concluded)  
Toys 'R' Us-Delaware, Inc., Term Loan B3, 5.25%, 5/25/18 USD 244 $ 216,247  
   
    9,961,896  
 
Textiles, Apparel & Luxury Goods — 0.2%  
Ascend Performance Materials LLC, Term Loan B, 6.75%, 4/10/18   1,256   1,193,872  
True Religion Apparel, Inc., 1st Lien Term Loan, 5.88%, 7/30/19   220   210,375  
   
    1,404,247  
 
Thrifts & Mortgage Finance — 0.3%  
IG Investments Holdings LLC, 1st Lien Term Loan, 5.50%, 10/31/19   863   866,981  
Ocwen Financial Corp., Term Loan, 5.00%, 2/15/18   811   820,218  
   
    1,687,199  
 
Trading Companies & Distributors — 0.1%  
Fly Funding II Sarl, Term Loan B, 4.50%, 8/08/18   140   140,788  
WESCO Distribution, Inc., Term Loan B, 4.50%, 12/12/19   192   192,514  
   
    333,302  
 
Wireless Telecommunication Services — 0.4%  
Cricket Communications, Inc., Term Loan, 4.75%, 10/10/19   882   884,916  
Light Tower Fiber LLC, 1st Lien Term Loan, 4.50%, 4/13/20   1,546   1,546,774  
   
    2,431,690  
 
Total Floating Rate Loan Interests53.6%   355,746,215  
 
   
Foreign Agency Obligations — 0.5%  
 
Slovenia Government Bond, Series RS65, 4.38%, 4/02/14 EUR 2,550   3,492,904  
            
   
Non-Agency Mortgage-Backed Securities  
 
Collateralized Mortgage Obligations — 2.8%  
Adjustable Rate Mortgage Trust, Series 2007-1, Class 3A21, 4.11%, 3/25/37 (c) USD 180   178,771  
Countrywide Alternative Loan Trust, Series 2005-54CB, Class 3A4, 5.50%, 11/25/35   5,728   4,848,400  

 

BLACKROCK LIMITED DURATION INCOME TRUSTNOVEMBER 30, 201320
 

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  
 
Collateralized Mortgage Obligations (concluded)  
Countrywide Home Loan Mortgage Pass Through Trust:          
  Series 2005-17, Class 1A6, 5.50%, 9/25/35 USD 1,612 $ 1,572,954  
  Series 2006-17, Class A2, 6.00%, 12/25/36   3,348   2,998,774  
  Series 2007-HY5, Class 3A1, 5.38%, 9/25/37 (c)   2,248   2,018,930  
GSR Mortgage Loan Trust, Series 2005-AR5, Class 2A3, 2.72%, 10/25/35 (c)   1,997   1,818,776  
Hilton USA Trust, Series 2013-HLT, Class EFX, 5.22%,  11/05/30 (b)(j)   4,162   4,182,810  
Morgan Stanley Reremic Trust, Series 2010-R4, Class 4A, REMIC, 0.47%, 2/26/37 (b)(c)   946   938,928  
   
    18,558,343  
 
Commercial Mortgage-Backed Securities — 8.5%  
Banc of America Commercial Mortgage, Inc. (c):          
  Series 2007-3, Class A2, 5.80%, 6/10/49   171   171,031  
  Series 2007-4, Class A4, 5.94%, 2/10/51   2,150   2,405,297  
Citigroup/Deutsche Bank Commercial Mortgage Trust, Series 2007-CD4, Class A2B, 5.21%, 12/11/49   46   46,218  
Commercial Mortgage Pass-Through Certificates:          
  Series 2013-LC13, Class D, 5.22%, 8/10/46 (b)(c)   3,530   3,185,366  
  Series 2013-LC6, Class B, 3.74%, 1/10/46   1,110   1,059,350  
  Series 2013-LC6, Class D, 4.43%, 1/10/46 (b)(c)   1,330   1,150,026  
Credit Suisse Mortgage Capital Certificates:          
  Series 2006-C5, Class AM, 5.34%, 12/15/39   1,850   1,981,196  
  Series 2007-C2, Class A2, 5.45%, 1/15/49 (c)   66   65,887  
  Series 2007-C4, Class A3, 5.95%, 9/15/39 (c)   2,815   2,840,825  
  Series 2007-C5, Class AAB, 5.62%, 9/15/40 (c)   1,515   1,625,800  
First Union Commercial Mortgage Securities, Inc., Series 1997-C2, Class G, 7.50%, 11/18/29 (b)(c)   694   710,710  
            
Non-Agency Mortgage-Backed Securities Par
(000)
  Value  
 
Commercial Mortgage-Backed Securities (concluded)  
Greenwich Capital Commercial Funding Corp., Series 2006-GG7, Class AM, 6.02%,  7/10/38 (c) USD 1,610 $ 1,766,717  
GS Mortgage Securities Corp. II, Series 2006-GG6, Class AM, 5.62%, 4/10/38 (c)   3,680   3,991,519  
GS Mortgage Securities Trust, Series 2013-GC10, Class B, 3.68%, 2/10/46 (b)   1,995   1,908,385  
JP Morgan Chase Commercial Mortgage Securities Corp.:          
  Series 2007-CB18, Class A4, 5.44%, 6/12/47   2,110   2,332,945  
  Series 2007-CB19, Class A4, 5.89%, 2/12/49 (c)   2,140   2,400,355  
  Series 2012-LC9, Class XA, 2.09%, 12/15/47 (c)   14,910   1,594,644  
JPMorgan Chase Commercial Mortgage Securities Corp., Series 2004-LN2, Class A2, 5.12%, 7/15/41   2,166   2,200,302  
LB-UBS Commercial Mortgage Trust (c):          
  Series 2007-C2, Class AM, 5.49%, 2/15/40   2,500   2,658,738  
  Series 2007-C6, Class A4, 5.86%, 7/15/40   4,745   5,219,505  
Merrill Lynch Mortgage Trust, Series 2007-C1, Class A1A, 6.05%, 6/12/50 (c)   1,564   1,688,942  
Talisman Finance PLC, Series 6, Class A, 0.40%, 10/22/16 (c) EUR 1,971   2,523,765  
Titan Europe PLC, Series 2007-1X, Class A, 0.77%, 1/20/17 (c) GBP 2,548   3,846,486  
Wachovia Bank Commercial Mortgage Trust, Series 2007-C33, Class A4, 6.12%,  2/15/51 (c) USD 2,030   2,248,556  
WF-RBS Commercial Mortgage Trust:          
  Series 2012-C8, Class B, 4.31%, 8/15/45   1,085   1,098,365  
  Series 2012-C8, Class C, 5.04%, 8/15/45 (c)   1,395   1,414,457  
  Series 2013-C11, Class D, 4.32%, 3/15/45 (b)(c)   1,400   1,203,545  
Windermere XI Cmbs PLC, Series XI-X, Class A, 0.77%,  4/24/17 (c) GBP 1,786   2,883,085  
   
    56,222,017  
 

 

BLACKROCK LIMITED DURATION INCOME TRUSTNOVEMBER 30, 201321
 

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  
 
Interest Only Commercial Mortgage-Backed Securities — 0.6%  
Morgan Stanley Capital I Trust, Series 2012-C4, Class XA, 2.86%, 3/15/45 (b)(c) USD 15,292 $ 1,921,552  
WF-RBS Commercial Mortgage Trust, Series 2012-C9, Class XA, 2.42%, 11/15/45 (b)(c)   16,810   2,112,017  
   
    4,033,569  
 
Total Non-Agency Mortgage-Backed Securities11.9%   78,813,929  
 
   
US Government Sponsored Agency Securities  
Collateralized Mortgage Obligations — 1.0%  
Freddie Mac Mortgage-Backed Securities:          
  Series 3986, Class M, REMIC, 4.50%, 9/15/41   2,686   2,904,691  
  Series K032, Class A2, 3.31%, 5/25/23 (c)   3,500   3,506,821  
   
    6,411,512  
 
Interest Only Collateralized Mortgage Obligations — 1.0%  
Fannie Mae Mortgage-Backed Securities, Series 2012-M9, Class X1, 4.25%, 12/25/17 (c)   20,923   2,843,833  
Freddie Mac Mortgage-Backed Securities, Class X1 (c):          
  Series K707, 1.69%, 12/25/18   43,086   2,897,878  
  Series K710, 1.91%, 5/25/19   13,360   1,097,354  
   
    6,839,065  
 
Mortgage-Backed Securities — 4.3%  
Fannie Mae Mortgage-Backed Securities:          
  3.50%, 8/01/26   8,924   9,417,128  
  5.00%, 7/01/20 - 8/01/23   7,372   7,901,119  
Freddie Mac Mortgage-Backed Securities, 4.50%, 4/01/25   10,539   11,451,529  
   
    28,769,776  
 
Total US Government Sponsored Agency Securities6.3%   42,020,353  
 
Other Interests (l) Beneficial
Interest
(000)
     
 
Auto Components — 0.0%  
Lear Corp. Escrow   1,000   8,750  
 
Construction Materials — 0.0%  
USI Senior Holdings   6    
 
Other Interests (l) Beneficial
Interest
(000)
  Value  
Diversified Financial Services — 0.1%  
J.G. Wentworth LLC Preferred Equity Interests (90-day lock), (Acquired 11/18/13, cost $1,177,928) (a)(m) USD 14 $ 218,241  
J.G. Wentworth LLC Preferred Equity Interests (135-day lock), (Acquired 11/18/13, cost $1,177,928) (a)(m)   14   218,241  
J.G. Wentworth LLC Preferred Equity Interests (180-day lock), (Acquired 11/18/13, cost $1,177,928) (a)(m)   14   218,241  
 
    654,723  
 
Household Durables — 0.0%  
Berkline Benchcraft Equity LLC   3    
 
Total Other Interests0.1%   663,473  
 
   
Preferred Securities  
Capital Trusts        
 
Commercial Banks — 0.2%  
Wachovia Capital Trust III, 5.57% (c)(d)(h)   1,625   1,512,225  
 
Insurance — 0.5%  
AXA SA, 6.46% (b)(c)(d)(h)   1,625   1,653,437  
Genworth Holdings, Inc., 6.15%, 11/15/66 (c)(d)   1,850   1,646,500  
   
    3,299,937  
 
Total Capital Trusts0.7%   4,812,162  
 
   
Preferred Stocks
Shares
     
 
   
Auto Components — 0.2%  
Dana Holding Corp., 4.00% (b)(f)   8,098   1,379,191  
 
   
Trust Preferreds — 0.7%  
 
Diversified Financial Services — 0.7%  
GMAC Capital Trust I, Series 2, 8.13% (c)   175,070   4,682,086  
 
Total Preferred Securities – 1.6%     10,873,439  

 

BLACKROCK LIMITED DURATION INCOME TRUSTNOVEMBER 30, 201322
 

Consolidated Schedule of Investments (continued)   BlackRock Limited Duration Income Trust (BLW)
  (Percentages shown are based on Net Assets)

Warrants (n)
Shares
  Value  
 
Software — 0.0%  
HMH Holdings/EduMedia, (Issued/Exercisable 3/09/10, 19 Shares for 1 Warrant, Expires 6/22/19, Strike Price $42.27)   3,100    
 
Total Long-Term Investments
(Cost — $954,217,149) — 146.1%
$ 970,740,325  
 
           

 

Short-Term Securities
Shares
  Value  
 
BlackRock Liquidity Funds, TempFund, Institutional Class, 0.07% (o)(p)   11,303,105 $ 11,303,105  
 
Total Short-Term Securities
(Cost — $11,303,105) — 1.7%
  11,303,105  
 
   
Options Purchased        
 
(Cost — $44,978) — 0.0%    
 
Total Investments
(Cost — $965,565,232*) — 147.8%
  982,043,430  
Liabilities in Excess of Other Assets(47.8)%   (317,772,407)  
Net Assets100.0% $ 664,271,023  
 
           
* As of November 30, 2013, gross unrealized appreciation and depreciation based on cost for federal income tax purposes were as follows:

 

Tax cost $ 967,455,892  
Gross unrealized appreciation $ 34,967,808  
Gross unrealized depreciation   (20,380,270)  
Net unrealized appreciation $ 14,587,538  
   

Notes to Schedule of Investments

(a) Non-income producing security.
(b) Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.
(c) Variable rate security. Rate shown is as of report date.
(d) All or a portion of security has been pledged as collateral in connection with open reverse repurchase agreements.
(e) Represents a payment-in-kind security which may pay interest/dividends in additional par/shares and/or in cash. Rates shown are the current rate and possible payment rates.
(f) Convertible security.
(g) Represents a zero-coupon bond. The rate shown reflects the current yield as of report date.
(h) Security is perpetual in nature and has no stated maturity date.
(i) 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.
(j) When-issued security. Unsettled when-issued transactions were as follows:
   
     

 

  Counterparty   Value   Unrealized
Appreciation
  Bank of America N.A.   $ 1,336,777   $ 35,778
  Barclays Capital, Inc.   $ 241,200     $ 1,200
  Goldman Sachs & Co.   $ 522,600   $ 2,600
  J.P. Morgan Securities LLC   $ 4,182,810    

 

(k) Issuer filed for bankruptcy and/or is in default of principal and/or interest payments.
(l) Other interests represent beneficial interests in liquidation trusts and other reorganization or private entities.
(m) Restricted securities as to resale. As of report date the Trust held 0.1% of its net assets, with a current value of $654,723 in these securities.

 

BLACKROCK LIMITED DURATION INCOME TRUSTNOVEMBER 30, 201323
 

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

(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, if any.
(o) Investments in issuers considered to be an affiliate of the Trust during the period ended November 30, 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, 2013
Net
Activity
Shares
Held at
November 30, 2013
Income
  BlackRock Liquidity Funds, TempFund, Institutional Class 1,184,093 10,119,012 11,303,105 $ 371

 

(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
GBP British Pound
USD US Dollar
     


Reverse repurchase agreements outstanding as of November 30, 2013 were as follows:

 

Counterparty Interest
Rate
Trade
Date
Maturity
Date1
  Face Value   Face Value
Including
Accrued
Interest
Deutsche Bank Securities, Inc. 0.50% 1/15/13 Open $ 1,416,000 $ 1,422,254
Deutsche Bank Securities, Inc. 0.55% 1/15/13 Open   632,000   635,080
Deutsche Bank Securities, Inc. 0.55% 1/15/13 Open   976,000   980,757
Deutsche Bank Securities, Inc. 0.55% 1/15/13 Open   1,544,000   1,551,525
Deutsche Bank Securities, Inc. 0.55% 1/15/13 Open   289,000   290,408
Deutsche Bank Securities, Inc. 0.57% 1/15/13 Open   303,000   304,530
Deutsche Bank Securities, Inc. 0.57% 1/15/13 Open   4,654,000   4,677,507
Deutsche Bank Securities, Inc. 0.58% 1/15/13 Open   587,000   590,017
Deutsche Bank Securities, Inc. 0.58% 1/15/13 Open   1,264,000   1,270,496
Deutsche Bank Securities, Inc. 0.60% 1/15/13 Open   1,895,000   1,905,075
Deutsche Bank Securities, Inc. 0.60% 1/15/13 Open   825,000   829,386
Deutsche Bank Securities, Inc. 0.63% 1/15/13 Open   1,645,000   1,635,890
Deutsche Bank Securities, Inc. 0.65% 1/15/13 Open   790,000   794,550
Deutsche Bank Securities, Inc. 0.57% 1/17/13 Open   354,614   356,399
Deutsche Bank Securities, Inc. 0.65% 1/17/13 Open   900,900   906,073
Deutsche Bank Securities, Inc. 0.50% 1/18/13 Open   1,123,744   1,118,796
Deutsche Bank Securities, Inc. 0.58% 1/30/13 Open   915,000   919,496
UBS Securities LLC 0.50% 1/30/13 Open   1,862,820   1,870,711
UBS Securities LLC 0.65% 1/31/13 Open   547,200   550,204
Barclays Capital, Inc. 0.35% 2/7/13 Open   3,115,905   3,124,872
Barclays Capital, Inc. 0.60% 2/7/13 Open   335,729   337,385
Barclays Capital, Inc. 0.60% 2/7/13 Open   592,144   595,065
Barclays Capital, Inc. 0.60% 2/7/13 Open   918,045   922,574
Barclays Capital, Inc. 0.60% 2/7/13 Open   292,304   293,746
Barclays Capital, Inc. 0.60% 2/7/13 Open   1,000,721   1,005,658
Barclays Capital, Inc. 0.60% 2/7/13 Open   633,994   637,122
Barclays Capital, Inc. 0.60% 2/7/13 Open   1,673,438   1,681,694
Barclays Capital, Inc. 0.60% 2/7/13 Open   1,877,899   1,887,163
Barclays Capital, Inc. 0.60% 2/7/13 Open   507,052   509,553
Barclays Capital, Inc. 0.60% 2/7/13 Open   662,469   665,737

 

BLACKROCK LIMITED DURATION INCOME TRUSTNOVEMBER 30, 201324
 

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



Reverse repurchase agreements outstanding as of November 30, 2013 (continued):

 

Counterparty Interest
Rate
Trade
Date
Maturity
Date1
  Face Value   Face Value
Including
Accrued
Interest
UBS Securities LLC 0.25% 2/7/13 Open $ 1,048,688 $ 1,050,844
UBS Securities LLC 0.34% 2/7/13 Open   3,334,275   3,343,596
UBS Securities LLC 0.45% 2/7/13 Open   866,250   869,455
UBS Securities LLC 0.55% 2/7/13 Open   2,196,563   2,206,496
UBS Securities LLC 0.65% 2/7/13 Open   356,250   358,154
UBS Securities LLC 0.65% 2/7/13 Open   843,275   847,782
Deutsche Bank Securities, Inc. 0.58% 2/8/13 Open   1,170,163   1,175,687
Deutsche Bank Securities, Inc. 0.58% 2/8/13 Open   483,060   485,364
Barclays Capital, Inc. 0.60% 2/15/13 Open   291,043   292,445
UBS Securities LLC 0.65% 2/19/13 Open   166,058   166,912
Deutsche Bank Securities, Inc. 0.55% 2/20/13 Open   484,000   486,100
Deutsche Bank Securities, Inc. 0.55% 2/20/13 Open   217,133   218,074
Deutsche Bank Securities, Inc. 0.58% 2/20/13 Open   2,512,000   2,523,453
Deutsche Bank Securities, Inc. 0.55% 2/22/13 Open   509,588   511,782
Deutsche Bank Securities, Inc. 0.55% 2/22/13 Open   509,760   511,956
Deutsche Bank Securities, Inc. 0.55% 2/22/13 Open   848,076   851,730
Deutsche Bank Securities, Inc. 0.55% 2/28/13 Open   1,280,181   1,285,579
Deutsche Bank Securities, Inc. 0.55% 2/28/13 Open   107,113   107,564
Deutsche Bank Securities, Inc. 0.55% 2/28/13 Open   1,901,900   1,909,920
Credit Suisse Securities (USA) LLC 0.40% 3/7/13 Open   1,503,125   1,507,601
UBS Securities LLC 0.60% 3/12/13 Open   3,040,295   3,053,672
UBS Securities LLC 0.35% 3/13/13 Open   1,560,000   1,563,989
UBS Securities LLC 0.55% 3/13/13 Open   395,650   397,240
UBS Securities LLC 0.55% 3/13/13 Open   1,222,200   1,227,111
Deutsche Bank Securities, Inc. 0.55% 3/14/13 Open   760,000   763,030
Deutsche Bank Securities, Inc. 0.70% 3/14/13 Open   1,523,693   1,531,426
Deutsche Bank Securities, Inc. 0.55% 3/19/13 Open   972,625   976,444
Credit Suisse Securities (USA) LLC 0.35% 3/22/13 Open   1,496,075   1,499,769
Deutsche Bank Securities, Inc. 0.40% 3/27/13 Open   3,022,500   3,030,862
Deutsche Bank Securities, Inc. 0.55% 3/27/13 Open   1,464,750   1,470,322
Deutsche Bank Securities, Inc. 0.55% 3/27/13 Open   1,452,700   1,458,226
Deutsche Bank Securities, Inc. 0.60% 3/27/13 Open   1,634,000   1,640,754
Deutsche Bank Securities, Inc. 0.60% 3/27/13 Open   919,000   922,799
Deutsche Bank Securities, Inc. 0.60% 3/27/13 Open   527,000   529,178
Deutsche Bank Securities, Inc. 0.60% 3/27/13 Open   579,000   581,393
Barclays Capital, Inc. 0.40% 4/2/13 Open   3,326,900   3,335,846
Barclays Capital, Inc. 0.60% 4/2/13 Open   865,247   868,737
Barclays Capital, Inc. 0.60% 4/2/13 Open   331,500   332,837
Deutsche Bank Securities, Inc. 0.55% 4/2/13 Open   1,250,330   1,254,972
Credit Suisse Securities (USA) LLC 0.35% 4/3/13 Open   182,025   182,451
Credit Suisse Securities (USA) LLC 0.35% 4/3/13 Open   243,800   244,371
Credit Suisse Securities (USA) LLC 0.35% 4/3/13 Open   5,701,069   5,714,427
Credit Suisse Securities (USA) LLC 0.35% 4/3/13 Open   677,875   679,463
Credit Suisse Securities (USA) LLC 0.35% 4/3/13 Open   1,034,800   1,037,225
Credit Suisse Securities (USA) LLC 0.35% 4/3/13 Open   1,233,600   1,236,490
Credit Suisse Securities (USA) LLC 0.35% 4/3/13 Open   1,277,250   1,280,243
Credit Suisse Securities (USA) LLC 0.35% 4/3/13 Open   2,861,250   2,867,954
Credit Suisse Securities (USA) LLC 0.35% 4/3/13 Open   3,119,100   3,126,408
Credit Suisse Securities (USA) LLC 0.35% 4/3/13 Open   2,958,750   2,965,683
Credit Suisse Securities (USA) LLC 0.35% 4/3/13 Open   2,560,000   2,565,998
Credit Suisse Securities (USA) LLC 0.35% 4/3/13 Open   3,213,750   3,221,280

 

BLACKROCK LIMITED DURATION INCOME TRUSTNOVEMBER 30, 201325
 

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



Reverse repurchase agreements outstanding as of November 30, 2013 (continued):

 

Counterparty Interest
Rate
Trade
Date
Maturity
Date1
  Face Value   Face Value
Including
Accrued
Interest
Credit Suisse Securities (USA) LLC 0.35% 4/3/13 Open $ 3,091,969 $ 3,099,214
Credit Suisse Securities (USA) LLC 0.35% 4/3/13 Open   3,695,000   3,703,658
Deutsche Bank Securities, Inc. 0.58% 4/3/13 Open   1,482,188   1,487,967
Deutsche Bank Securities, Inc. 0.58% 4/3/13 Open   1,624,500   1,630,808
UBS Securities LLC 0.55% 4/8/13 Open   2,327,500   2,335,856
Deutsche Bank Securities, Inc. 0.55% 4/10/13 Open   846,000   849,037
Deutsche Bank Securities, Inc. 0.55% 4/10/13 Open   536,000   537,924
Deutsche Bank Securities, Inc. 0.55% 4/10/13 Open   489,000   490,756
Deutsche Bank Securities, Inc. 0.55% 4/12/13 Open   2,054,000   2,061,312
Deutsche Bank Securities, Inc. 0.25% 4/17/13 Open   690,206   689,137
Credit Suisse Securities (USA) LLC 0.35% 4/25/13 Open   336,683   337,402
Barclays Capital, Inc. 0.60% 5/7/13 Open   225,153   225,933
Barclays Capital, Inc. 0.40% 5/10/13 Open   2,061,011   2,065,706
Deutsche Bank Securities, Inc. 0.55% 5/14/13 Open   789,000   791,423
Credit Suisse Securities (USA) LLC 0.75% 5/23/13 Open   238,810   239,765
Deutsche Bank Securities, Inc. 0.55% 5/28/13 Open   1,037,513   1,040,477
Credit Suisse Securities (USA) LLC 0.40% 5/30/13 Open   720,960   722,442
Credit Suisse Securities (USA) LLC 0.40% 5/30/13 Open   2,333,625   2,338,422
Deutsche Bank Securities, Inc. 0.55% 5/30/13 Open   851,000   853,405
Deutsche Bank Securities, Inc. 0.55% 5/30/13 Open   1,511,000   1,515,271
Deutsche Bank Securities, Inc. 0.55% 5/30/13 Open   2,137,000   2,143,040
Deutsche Bank Securities, Inc. 0.55% 5/31/13 Open   586,181   587,829
UBS Securities LLC 0.55% 6/3/13 Open   808,520   810,756
UBS Securities LLC 0.55% 6/12/13 Open   864,648   866,906
Deutsche Bank Securities, Inc. 0.55% 6/13/13 Open   923,000   925,411
Deutsche Bank Securities, Inc. 0.55% 6/13/13 Open   1,440,000   1,443,740
UBS Securities LLC 0.34% 6/20/13 Open   3,123,313   3,128,121
UBS Securities LLC 0.65% 6/20/13 Open   743,850   746,039
Barclays Capital, Inc. 0.44% 6/21/13 Open   1,109,299   1,111,509
Barclays Capital, Inc. 0.60% 6/24/13 Open   1,731,221   1,735,838
Barclays Capital, Inc. 0.60% 6/24/13 Open   432,962   434,117
Barclays Capital, Inc. 0.60% 6/24/13 Open   488,876   490,180
Barclays Capital, Inc. 0.60% 6/24/13 Open   979,729   982,342
Barclays Capital, Inc. 0.60% 6/24/13 Open   2,180,349   2,186,163
Deutsche Bank Securities, Inc. 0.55% 6/24/13 Open   803,000   804,963
Deutsche Bank Securities, Inc. 0.55% 6/24/13 Open   1,629,700   1,633,684
Barclays Capital, Inc. 0.60% 6/25/13 Open   434,031   435,181
Deutsche Bank Securities, Inc. 0.57% 6/26/13 Open   504,000   505,253
Deutsche Bank Securities, Inc. 0.58% 6/27/13 Open   698,000   699,754
Deutsche Bank Securities, Inc. 0.55% 7/18/13 Open   871,000   872,810
Deutsche Bank Securities, Inc. 0.55% 7/30/13 Open   1,095,000   1,097,074
Deutsche Bank Securities, Inc. 0.58% 8/12/13 Open   2,958,000   2,963,290
Deutsche Bank Securities, Inc. 0.58% 8/13/13 Open   208,000   208,362
Deutsche Bank Securities, Inc. 0.58% 8/13/13 Open   1,295,000   1,297,253
Deutsche Bank Securities, Inc. 0.58% 8/13/13 Open   450,000   450,783
Deutsche Bank Securities, Inc. 0.58% 8/13/13 Open   1,288,000   1,290,241
Deutsche Bank Securities, Inc. 0.58% 8/13/13 Open   1,009,000   1,010,756
Deutsche Bank Securities, Inc. 0.58% 8/13/13 Open   137,000   137,238
Deutsche Bank Securities, Inc. 0.58% 8/13/13 Open   198,000   198,345
Deutsche Bank Securities, Inc. 0.58% 8/13/13 Open   311,000   311,541
Deutsche Bank Securities, Inc. 0.58% 8/13/13 Open   1,241,000   1,243,159

 

BLACKROCK LIMITED DURATION INCOME TRUSTNOVEMBER 30, 201326
 

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



Reverse repurchase agreements outstanding as of November 30, 2013 (continued):

 

Counterparty Interest
Rate
Trade
Date
Maturity
Date1
  Face Value   Face Value
Including
Accrued
Interest
Deutsche Bank Securities, Inc. 0.58% 8/13/13 Open $ 3,135,000 $ 3,140,455
Deutsche Bank Securities, Inc. 0.58% 8/13/13 Open   1,107,000   1,108,926
Deutsche Bank Securities, Inc. 0.58% 8/13/13 Open   780,000   781,357
Deutsche Bank Securities, Inc. 0.58% 8/13/13 Open   1,169,000   1,171,034
Deutsche Bank Securities, Inc. 0.58% 8/13/13 Open   948,000   949,650
Deutsche Bank Securities, Inc. 0.58% 8/13/13 Open   356,000   356,619
Deutsche Bank Securities, Inc. 0.58% 8/14/13 Open   703,000   704,235
Deutsche Bank Securities, Inc. 0.58% 9/11/13 Open   610,000   610,796
Deutsche Bank Securities, Inc. 0.58% 9/16/13 Open   2,124,000   2,126,601
Deutsche Bank Securities, Inc. 0.58% 9/16/13 Open   1,480,000   1,481,812
Deutsche Bank Securities, Inc. 0.58% 9/16/13 Open   1,524,000   1,525,866
Deutsche Bank Securities, Inc. 0.58% 9/16/13 Open   1,562,000   1,563,913
Deutsche Bank Securities, Inc. 0.58% 9/16/13 Open   2,142,000   2,144,623
Deutsche Bank Securities, Inc. 0.58% 9/16/13 Open   1,309,000   1,310,603
Deutsche Bank Securities, Inc. 0.58% 9/16/13 Open   1,523,000   1,524,865
Deutsche Bank Securities, Inc. 0.58% 9/17/13 Open   163,000   163,197
BNP Paribas Securities Corp. 0.34% 9/18/13 Open   13,065,000   13,074,131
Credit Suisse Securities (USA) LLC 0.75% 9/23/13 Open   389,825   390,385
Deutsche Bank Securities, Inc. 0.55% 9/26/13 Open   397,000   397,400
Barclays Capital, Inc. 0.60% 9/27/13 Open   1,189,125   1,190,413
Barclays Capital, Inc. 0.60% 9/27/13 Open   724,680   725,465
Deutsche Bank Securities, Inc. 0.60% 9/27/13 Open   2,219,000   2,221,404
Deutsche Bank Securities, Inc. 0.60% 9/27/13 Open   2,954,000   2,957,200
Deutsche Bank Securities, Inc. 0.60% 9/27/13 Open   1,035,000   1,036,121
Deutsche Bank Securities, Inc. 0.60% 9/27/13 Open   882,000   882,955
Credit Suisse Securities (USA) LLC 0.55% 10/9/13 Open   6,111,388   6,116,243
Deutsche Bank Securities, Inc. 0.56% 10/11/13 Open   1,016,000   1,016,806
Barclays Capital, Inc. 0.60% 10/15/13 Open   628,340   628,832
Barclays Capital, Inc. 0.60% 10/15/13 Open   893,525   894,225
Barclays Capital, Inc. 0.60% 10/15/13 Open   919,755   920,475
Barclays Capital, Inc. 0.60% 10/15/13 Open   497,888   498,277
Barclays Capital, Inc. 0.60% 10/16/13 Open   803,938   804,553
Deutsche Bank Securities, Inc. 0.58% 10/16/13 Open   546,563   546,967
Deutsche Bank Securities, Inc. 0.58% 10/16/13 Open   1,207,500   1,208,395
Deutsche Bank Securities, Inc. 0.58% 10/16/13 Open   934,313   935,004
Barclays Capital, Inc. 0.60% 10/17/13 Open   728,013   728,558
Barclays Capital, Inc. 0.60% 10/17/13 Open   682,594   683,106
Barclays Capital, Inc. 0.60% 10/17/13 Open   875,600   876,257
Barclays Capital, Inc. 0.60% 10/17/13 Open   1,215,288   1,216,199
Deutsche Bank Securities, Inc. 0.58% 10/17/13 Open   770,000   770,558
Barclays Capital, Inc. 0.60% 10/21/13 12/31/22   676,000   676,451
Deutsche Bank Securities, Inc. 0.59% 10/21/13 Open   791,000   791,531
Deutsche Bank Securities, Inc. 0.59% 10/21/13 Open   389,000   389,261
Deutsche Bank Securities, Inc. 0.59% 10/21/13 Open   803,000   803,540
Deutsche Bank Securities, Inc. 0.59% 10/21/13 Open   395,000   395,265
UBS Securities LLC 0.50% 10/21/13 Open   983,281   982,735
UBS Securities LLC 0.65% 10/21/13 Open   1,601,775   1,602,932
UBS Securities LLC 0.65% 10/21/13 Open   588,263   588,687
Barclays Capital, Inc. 0.60% 10/22/13 Open   867,913   868,491
Barclays Capital, Inc. 0.60% 10/22/13 Open   845,434   845,998
Barclays Capital, Inc. 0.60% 10/22/13 Open   1,023,231   1,023,913

 

BLACKROCK LIMITED DURATION INCOME TRUSTNOVEMBER 30, 201327
 

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



Reverse repurchase agreements outstanding as of November 30, 2013 (concluded):

 

Counterparty Interest
Rate
Trade
Date
Maturity
Date1
  Face Value   Face Value
Including
Accrued
Interest
Barclays Capital, Inc. 0.60% 10/22/13 Open $ 755,625 $ 756,129
Barclays Capital, Inc. 0.60% 10/22/13 Open   851,218   851,784
Barclays Capital, Inc. 0.60% 10/22/13 Open   788,400   788,926
Deutsche Bank Securities, Inc. 0.55% 10/22/13 Open   2,441,000   2,442,454
Deutsche Bank Securities, Inc. 0.58% 10/22/13 Open   1,964,000   1,965,234
Barclays Capital, Inc. 0.60% 10/25/13 Open   651,000   651,401
Deutsche Bank Securities, Inc. 0.59% 10/25/13 Open   707,445   707,874
Deutsche Bank Securities, Inc. 0.59% 10/25/13 Open   835,450   835,957
BNP Paribas Securities Corp. 0.10% 10/30/13 Open   588,000   588,051
Deutsche Bank Securities, Inc. 0.55% 10/30/13 Open   1,124,000   1,124,550
Credit Suisse Securities (USA) LLC 0.16% 11/15/13 12/17/13   27,765,741   27,767,345
Barclays Capital, Inc. 0.60% 11/15/13 Open   2,067,975   2,068,526
Barclays Capital, Inc. 0.60% 11/15/13 Open   1,356,788   1,357,150
Barclays Capital, Inc. 0.60% 11/15/13 Open   1,291,249   1,291,593
Barclays Capital, Inc. 0.60% 11/15/13 Open   1,283,400   1,283,742
Deutsche Bank Securities, Inc. 0.58% 11/15/13 Open   2,512,000   2,512,648
Deutsche Bank Securities, Inc. 0.59% 11/15/13 Open   424,000   424,111
Deutsche Bank Securities, Inc. 0.59% 11/15/13 Open   1,601,000   1,601,420
Barclays Capital, Inc. 0.55% 11/18/13 Open   1,313,488   1,313,749
Deutsche Bank Securities, Inc. 0.58% 11/18/13 Open   968,000   968,203
Barclays Capital, Inc. 0.60% 11/22/13 Open   1,167,155   1,167,330
Deutsche Bank Securities, Inc. 0.59% 11/25/13 Open   2,083,936   2,084,155
Deutsche Bank Securities, Inc. 0.35% 11/27/13 Open   1,585,000   1,585,031
Deutsche Bank Securities, Inc. 0.60% 11/27/13 Open   1,227,000   1,227,041
Deutsche Bank Securities, Inc. 0.60% 11/27/13 Open   646,000   646,022
Deutsche Bank Securities, Inc. 0.60% 11/27/13 Open   1,538,000   1,538,051
Deutsche Bank Securities, Inc. 0.60% 11/27/13 Open   2,602,000   2,602,087
Deutsche Bank Securities, Inc. 0.60% 11/27/13 Open   834,000   834,028
Deutsche Bank Securities, Inc. 0.60% 11/27/13 Open   708,000   708,024
Deutsche Bank Securities, Inc. 0.60% 11/27/13 Open   772,000   772,026
Total       $ 300,527,112 $ 301,126,337

 

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

 

 

BLACKROCK LIMITED DURATION INCOME TRUSTNOVEMBER 30, 201328
 

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

 

Financial futures contracts as of November 30, 2013 were as follows:

 

Contracts
Purchased/
Sold
Issue Exchange Expiration Notional
Value
  Unrealized
Appreciation
(Depreciation)
6 90-Day Euro-Dollar Chicago Mercantile December 2013 $ 1,496,438      $ 35,871
6 90-Day Euro-Dollar Chicago Mercantile March 2014 $ 1,496,175     38,908
(97) 10-Year US Treasury Note Chicago Board of Trade March 2014 $ 12,161,375     (31,549)
(225) 5-Year US Treasury Note Chicago Board of Trade March 2014 $ 27,207,422     (24,456)
Total             $ 18,774

 

Foreign currency exchange contracts as of November 30, 2013 were as follows:

 

Currency
Purchased
   Currency
Sold
Counterparty Settlement
Date
  Unrealized
Appreciation/
(Depreciation)
USD 33,469,020   EUR 24,785,000 Barclays Bank PLC 1/22/14 $ (209,580)
GBP 2,130,000   USD 3,463,934 Barclays Bank PLC 1/23/14   20,103
GBP 3,533,000   USD 5,609,415 State Street Bank and Trust Co. 1/23/14   169,506
USD 1,415,935   CAD 1,460,000 Westpac Banking Corp. 1/23/14   43,644
USD 51,876,706   GBP 32,142,000 Barclays Bank PLC 1/23/14   (697,900)
USD 1,306,245   GBP 810,000 Citibank N.A. 1/23/14   (18,670)
USD 1,937,105   GBP 1,200,000 Deutsche Bank AG 1/23/14   (25,733)
Total             $ (718,630)

 

Over-the-counter options purchased as of November 30, 2013 were as follows:

 

  Description Counterparty Put/
Call
Strike
Price
Expiration
Date
Contracts Notional
Amount
(000)
Market
Value
  Marsico Parent Superholdco LLC Goldman Sachs & Co. Call USD 942.86 12/21/19 46

 

 

Over-the-counter credit default swaps – buy protection outstanding as of November 30, 2013 were as follows:

 

Issuer Pay
Fixed
Rate
Counterparty Expiration
Date
Notional
Amount
(000)
Market
Value
Premiums
Received
Unrealized
Depreciation
Australia & New Zealand Banking Group Ltd. 1.00% Deutsche Bank AG 9/20/17 USD 1 $ (7) $ 12 $ (19)
Westpac Banking Corp. 1.00% Deutsche Bank AG 9/20/17 USD 1   (7)   12   (19)
Total           $ (14) $ 24 $ (38)

 

 

 

BLACKROCK LIMITED DURATION INCOME TRUSTNOVEMBER 30, 201329
 

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

Over-the-counter credit default swaps – sold protection outstanding as of November 30, 2013 were as follows:

 

Issuer Receive
Fixed
Rate
Counterparty Expiration
Date
Credit Rating1 Notional
Amount
(000)2
  Market
Value
  Premiums
Received
  Unrealized Appreciation
(Depreciation)
Caesars Entertainment Operating Co., Inc. 5.00% Barclays Bank PLC 9/20/15 CCC- USD 470     $ (97,963)     $ (97,278)     $ (685)
Caesars Entertainment Operating Co., Inc. 5.00% J.P. Morgan Securities LLC 12/20/15 CCC- USD 626     (156,830)     (160,818)     3,988
Caesars Entertainment Operating Co., Inc. 5.00% Citibank N.A. 12/20/15 CCC- USD 357     (89,566)     (81,960)     (7,606)
Caesars Entertainment Operating Co., Inc. 5.00% J.P. Morgan Securities LLC 12/20/15 CCC- USD 145     (36,339)     (32,302)     (4,037)
Caesars Entertainment Operating Co., Inc. 5.00% Citibank N.A. 12/20/15 CCC- USD 172     (43,119)     (35,359)     (7,760)
Caesars Entertainment Operating Co., Inc. 5.00% UBS AG 12/20/15 CCC- USD 840     (210,581)     (162,290)     (48,291)
Caesars Entertainment Operating Co., Inc. 5.00% Goldman Sachs Bank USA 12/20/15 CCC- USD 382     (95,884)     (48,748)     (47,136)
Caesars Entertainment Operating Co., Inc. 5.00% Goldman Sachs Bank USA 3/20/16 CCC- USD 247     (71,527)     (53,404)     (18,123)
Caesars Entertainment Operating Co., Inc. 5.00% Goldman Sachs Bank USA 3/20/16 CCC- USD 247     (71,527)     (53,404)     (18,123)
Caesars Entertainment Operating Co., Inc. 5.00% Goldman Sachs Bank USA 3/20/16 CCC- USD 739     (214,132)     (152,384)     (61,748)
Caesars Entertainment Operating Co., Inc. 5.00% Goldman Sachs Bank USA 3/20/16 CCC- USD 165     (47,877)     (32,400)     (15,477)
Caesars Entertainment Operating Co., Inc. 5.00% Barclays Bank PLC 3/20/16 CCC- USD 75     (21,622)     (14,356)     (7,266)
Caesars Entertainment Operating Co., Inc. 5.00% J.P. Morgan Securities LLC 3/20/16 CCC- USD 82     (23,805)     (15,212)     (8,593)

BLACKROCK LIMITED DURATION INCOME TRUSTNOVEMBER 30, 201330
 
Consolidated Schedule of Investments (continued)   BlackRock Limited Duration Income Trust (BLW)
   

Over-the-counter credit default swaps – sold protection outstanding as of November 30, 2013 were as follows (continued):

 

Issuer Receive
Fixed
Rate
Counterparty Expiration
Date
Credit Rating1 Notional
Amount
(000)2
  Market
Value
  Premiums
Received
  Unrealized Appreciation
(Depreciation)
Caesars Entertainment Operating Co., Inc. 5.00% Barclays Bank PLC 3/20/16 CCC- USD 72   $ (20,901)   $ (12,320)   $ (8,581)
Caesars Entertainment Operating Co., Inc. 5.00% Citibank N.A. 3/20/16 CCC- USD 79     (22,737)     (13,694)     (9,043)
Caesars Entertainment Operating Co., Inc. 5.00% Goldman Sachs Bank USA 3/20/16 CCC- USD 634     (183,612)     (100,336)     (83,276)
Caesars Entertainment Operating Co., Inc. 5.00% Citibank N.A. 3/20/16 CCC- USD 135     (38,991)     (21,643)     (17,348)
Caesars Entertainment Operating Co., Inc. 5.00% Goldman Sachs Bank USA 6/20/16 CCC- USD 499     (164,517)     (114,196)     (50,321)
Caesars Entertainment Operating Co., Inc. 5.00% Goldman Sachs Bank USA 6/20/16 CCC- USD 970     (319,614)     (214,857)     (104,757)
Caesars Entertainment Operating Co., Inc. 5.00% Barclays Bank PLC 6/20/16 CCC- USD 440     (144,980)     (77,231)     (67,749)
Caesars Entertainment Operating Co., Inc. 5.00% J.P. Morgan Securities LLC 6/20/16 CCC- USD 412     (135,634)     (76,290)     (59,344)
Caesars Entertainment Operating Co., Inc. 5.00% Citibank N.A. 9/20/16 CCC- USD 330     (122,091)     (104,269)     (17,822)
Caesars Entertainment Operating Co., Inc. 5.00% Goldman Sachs Bank USA 9/20/16 CCC- USD 1,710     (632,498)     (358,532)     (273,966)
Caesars Entertainment Operating Co., Inc. 5.00% Goldman Sachs Bank USA 3/20/17 CCC- USD 453     (195,504)     (116,490)     (79,014)
Caesars Entertainment Operating Co., Inc. 5.00% Barclays Bank PLC 3/20/17 CCC- USD 72     (31,179)     (19,468)     (11,711)
Caesars Entertainment Operating Co., Inc. 5.00% Goldman Sachs Bank USA 3/20/17 CCC- USD 147     (63,483)     (40,230)     (23,253)

BLACKROCK LIMITED DURATION INCOME TRUSTNOVEMBER 30, 201331
 
Consolidated Schedule of Investments (continued)   BlackRock Limited Duration Income Trust (BLW)
   

Over-the-counter credit default swaps – sold protection outstanding as of November 30, 2013 were as follows (concluded):

 

Issuer Receive
Fixed
Rate
Counterparty Expiration
Date
Credit
Rating1
Notional
Amount
(000)2
  Market
Value
  Premiums
Received
  Unrealized Appreciation
(Depreciation)
Caesars Entertainment Operating Co., Inc. 5.00% Deutsche Bank AG 6/20/17 CCC- USD 635   $ (288,505)   $ (175,051)   $ (113,454)
Total               $ (3,545,018)   $ (2,384,522)   $  (1,160,496)

 

1 Using Standard & Poor’s rating of the issuer.
2 The maximum potential amount the Trust may pay should a negative event take place as defined under the terms of the agreement.

 

 
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 annual report.


BLACKROCK LIMITED DURATION INCOME TRUSTNOVEMBER 30, 201332
 
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 November 30, 2013:

    Level 1   Level 2   Level 3   Total
Assets:                        
Investments:                      
Long-Term Investments:                      
     Common Stocks $ 66,908     $ 1,494,682     $ 6,688,533     $ 8,250,123
  Asset-Backed Securities       22,424,279     23,487,168     45,911,447
  Corporate Bonds       417,040,067     7,928,375     424,968,442
  Floating Rate Loan Interests       323,823,114     31,923,101     355,746,215
  Foreign Agency Obligations       3,492,904         3,492,904
  Non-Agency Mortgage-Backed Securities       78,813,929         78,813,929
  US Government Sponsored Agency Securities       42,020,353         42,020,353
  Other Interests           663,473     663,473
  Preferred Securities       10,873,439         10,873,439
Short-Term Securities   11,303,105             11,303,105
Unfunded Loan Commitments       716         716
Liabilities:                        
Unfunded Loan Commitments       (155)         (155)
Total $ 11,370,013   $ 899,983,328   $ 70,690,650   $ 982,043,991

 

    Level 1   Level 2   Level 3   Total
Derivative Financial Instruments1                    
Assets:                    
     Interest rate contracts $ 74,779         $ 74,779
 

Foreign currency exchange contracts

      $ 233,253       233,253
  Credit contracts       3,988        
Liabilities:                
  Interest rate contracts   (56,005)           (56,005)
 

Foreign currency exchange contracts

      (951,883)       (951,883)
  Credit contracts       (1,164,522)       (1,164,522)
Total $ 18,774   $ (1,879,164)     $ (1,860,390)

 

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.

BLACKROCK LIMITED DURATION INCOME TRUSTNOVEMBER 30, 201333
 

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

 

Certain of the Trust's assets and/or liabilities are held at carrying amount or face value including accrued interest, which approximates fair value for financial reporting purposes. As of November 30, 2013, such assets and liabilities are categorized within the disclosure hierarchy as follows:  

 

    Level 1   Level 2   Level 3      Total
Assets:                      
  Cash $ 75,872            $ 75,872
  Cash pledged as collateral for over-the-counter swaps   1,170,000           1,170,000
  Cash pledged as collateral for reverse repurchase agreements   2,350,000           2,350,000
  Cash pledged for financial futures contracts   383,500           383,500
  Foreign currency at value   411,230           411,230
Liabilities:                      
  Reverse repurchase agreements including accrued interest     $ (301,126,337)       (301,126,337)
Total $ 4,390,602   $ (301,126,337)     $ (296,735,735)

 

There were no transfers between Level 1 and Level 2 during the period ended November 30, 2013.

 

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:

 

  Common Stocks  Asset-Backed Securities  Corporate Bonds  Floating Rate Loan Interests  Other Interests  Total
Assets:                             
Opening Balance, as of August 31, 2013 $3,050,139   $26,050,547   $7,930,102   $42,689,763   $537,766   $80,258,317 
Transfers into Level 31  3,425,957            11,369,704        14,795,661 
Transfers out of Level 32              (23,752,930)       (23,752,930)
Accrued discounts/premiums      (324,161)       15,732        (308,429)
Net realized gain (loss)  1,950    71,807        43,425        117,182 
Net change in unrealized appreciation/depreciation3  378,108    359,946    (1,727)   74,796    254,722    1,065,845 
Purchases      3,675,879        6,456,199    2,908,766    13,040,844 
Sales  (167,621)   (6,346,850)       (4,973,588)   (3,037,781)   (14,525,840)
Closing Balance, as of November 30, 2013 $6,688,533   $23,487,168   $7,928,375   $31,923,101   $663,473   $70,690,650 

 

1 As of August 31, 2013, the Trust used observable inputs in determining the value of certain investments. As of November 30, 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 $14,795,661 transferred from Level 2 to Level 3 in the disclosure hierarchy.
2 As of August 31, 2013, the Trust used significant unobservable inputs in determining the value of certain investments. As of November 30, 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 $23,752,930 transferred from Level 3 to Level 2 in the disclosure hierarchy.
3 The change in unrealized appreciation/depreciation on investments still held as of November 30, 2013 was $(1,383,165).

 

BLACKROCK LIMITED DURATION INCOME TRUSTNOVEMBER 30, 201334
 
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: January 24, 2014
     
  Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
     
  By: /s/ John M. Perlowski
    John M. Perlowski
    Chief Executive Officer (principal executive officer) of
    BlackRock Limited Duration Income Trust
     
  Date: January 24, 2014
     
  By: /s/ Neal J. Andrews
    Neal J. Andrews
    Chief Financial Officer (principal financial officer) of
    BlackRock Limited Duration Income Trust
   
  Date: January 24, 2014