Edgar Filing: BLACKROCK Ltd DURATION INCOME TRUST

BLACKROCK Ltd DURATION INCOME TRUST

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number: 811-21349

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

Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809

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

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

Date of fiscal year end: 08/31/2016

Date of reporting period: 11/30/2015

Item 1 – Schedule of Investments

Schedule of Investments November 30, 2015 (Unaudited)

BlackRock Limited Duration Income Trust (BLW)

(Percentages shown are based on Net Assets)


Common Stocks		Shares		Value
Chemicals — 0.0%
LyondellBasell Industries NV, Class A			37	$	3,546
Construction & Engineering — 0.0%
USI United Subcontractors (a)			6,454		193,619
Diversified Consumer Services — 0.2%
Houghton Mifflin Harcourt Co. (a)			61,641		1,218,026
Diversified Financial Services — 0.0%
Kcad Holdings I Ltd. (a)			546,753,936		43,740
Household Durables — 0.0%
Berkline Benchcraft Equity LLC (a)(b)			3,155		—
Total Common Stocks — 0.2%					1,458,931



Asset-Backed Securities		Par (000)
Asset-Backed Securities — 21.5%
ACAS CLO Ltd., Series 2014-1A, Class C, 3.22%, 7/18/26 (c)(d)	USD		1,500		1,435,957
Aircraft Lease Securitisation Ltd., Series 2007-1A, Class G3, 0.45%, 5/10/32 (c)(d)			193		190,642
ALM Loan Funding, Series 2013- 7RA, Class D, 5.32%, 4/24/24 (c)(d)			1,040		1,007,839
ALM VI Ltd., Series 2012-6A, Class B2R, 3.12%, 7/15/26 (c)(d)			1,000		980,300
ALM XIV Ltd., Series 2014-14A, Class C, 3.77%, 7/28/26 (c)			3,140		2,880,991
AmeriCredit Automobile Receivables Series 2014-3, Class C, 2.58%, 9/08/20			4,850		4,890,885
AMMC CLO 15 Ltd., Series 2014- 15A, Class D, 4.48%, 12/09/26 (c)(d)			2,000		1,940,000
Apidos CLO XVII, Series 2014-17A, Class B, 3.17%, 4/17/26 (c)(d)			3,000		2,923,333
Ares CLO, Ltd. (c)(d):
Series 2012-2A, Class CR, 3.02%, 10/12/23			1,000		990,500
Series 2014 32A, Class B, 3.61%, 11/15/25			1,250		1,227,774
Atrium CDO Corp., Series 9A, Class D, 3.91%, 2/28/24 (c)			1,850		1,747,195
Babson CLO Ltd., Series 2014-3A, Class C1, 3.32%, 1/15/26 (c)(d)			2,000		1,967,000
Benefit Street Partners CLO II Ltd., Series 2013-IIA, Class C, 3.82%, 7/15/24 (c)(d)			750		685,901


Asset-Backed Securities		Par (000)		Value
Asset-Backed Securities (continued)
Benefit Street Partners CLO IV Ltd., Series 2014-IVA, Class B, 3.12%, 7/20/26 (c)(d)	USD		1,250	$	1,218,750
Carlyle Global Market Strategies CLO Ltd., Class C (c)(d):
Series 2013-1A, 4.36%, 2/14/25			250		241,794
Series 2014-5A, 4.47%, 10/16/25			2,000		1,988,490
Series 2015-1A, 3.44%, 4/20/27			1,000		993,682
CIFC Funding 2014-IV, Ltd., Series 2014-4A, Class C1, 3.22%, 10/17/26 (c)(d)			2,850		2,775,323
CIFC Funding Ltd. (c)(d):
Series 2014-3A, Class D, 3.72%, 7/22/26			420		382,424
Series 2014-5A, Class C, 3.67%, 1/17/27			445		434,465
Series 2015-1A, Class D, 4.32%, 1/22/27			600		568,101
Credit Suisse ABS Repackaging Trust, Series 2013-A, Class B, 2.50%, 1/25/30 (d)			1,899		1,811,694
DCP Rights LLC, Series 2014-1A, Class A, 5.46%, 10/25/44 (d)			3,182		3,201,683
Flagship CLO, Series 2014-8A, Class C, 3.45%, 1/16/26 (c)(d)			1,000		971,390
Gramercy Park CLO Ltd., Series 2012-1AR, Class CR, 4.37%, 7/17/23 (c)(d)			5,000		4,938,176
GSAA Trust, Series 2007-3, Class 1A2, 0.39%, 3/25/47 (c)			2,572		1,286,278
LIitigation Fee Residual FDG, 3.50%, 10/30/27			2,008		2,003,901
Madison Park Funding Ltd., Series 2012-10A, Class D, 4.57%, 1/20/25 (c)(d)			700		691,117
Madison Park Funding XI Ltd., Series 2013-11A, Class D, 3.82%, 10/23/25 (c)(d)			420		395,979
Madison Park Funding XV Ltd., Series 2014-15A, Class B1, 3.57%, 1/27/26 (c)(d)			1,500		1,496,351
Neuberger Berman CLO XVIII Ltd., Series 2014-18A, Class B, 3.51%, 11/14/25 (c)(d)			2,250		2,230,292
Octagon Investment Partners XVI Ltd., Series 2013-1A, Class D, 3.67%, 7/17/25 (c)(d)			2,000		1,807,295



BLACKROCK LIMITED DURATION INCOME TRUST	NOVEMBER 30, 2015	1


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


Asset-Backed Securities		Par (000)		Value
Asset-Backed Securities (continued)
OneMain Financial Issuance Trust (d):
Series 2015-1A, Class D, 6.63%, 3/18/26	USD		4,350	$	4,446,265
Series 2015-2A, Class C, 4.32%, 7/18/25			4,000		3,898,280
Series 2015-2A, Class D, 5.64%, 7/18/25			2,000		1,963,360
OZLM Funding Ltd., Series 2012- 2A, Class C, 4.67%, 10/30/23 (c)(d)			500		495,051
OZLM IX Ltd., Series 2014-9A, Class C, 3.89%, 1/20/27 (c)(d)			1,500		1,400,390
OZLM VII Ltd., Series 2014-7A, Class C, 3.92%, 7/17/26 (c)(d)			780		717,686
OZLM VIII Ltd., Series 2014-8A (c)(d): Class B, 3.32%, 10/17/26			2,500		2,423,897
Class C, 3.82%, 10/17/26			500		457,280
OZLM XII Ltd., Series 2015-12A, Class C, 4.02%, 4/30/27 (c)(d)			1,000		921,078
Regatta Funding LP, Series 2013- 2A, Class C, 4.32%, 1/15/25 (c)(d)			500		489,398
Regatta V Funding Ltd., Series 2014-1A, Class B, 3.32%, 10/25/26 (c)(d)			2,000		1,917,547
Santander Drive Auto Receivables Trust:
Series 2014-3, Class D, 2.65%, 8/17/20			4,015		4,015,644
Series 2014-4, Class C, 2.60%, 11/16/20			4,500		4,520,880
Series 2014-4, Class D, 3.10%, 11/16/20			4,500		4,517,046
Series 2014-S1, 0.00%, 8/16/18			3		8,208,000
Series 2014-S2, 0.00%, 11/16/18			3		6,348,375
Series 2014-S3, 0.00%, 2/19/19			3		9,169,875
Series 2014-S4, 0.00%, 4/16/19			3		11,927,250
Sound Point CLO Ltd., Series 2014-3A, Class D, 3.92%, 1/23/27 (c)(d)			2,000		1,825,017
Symphony CLO XV Ltd., Series 2014-15A, Class C, 3.52%, 10/17/26 (c)(d)			4,000		3,954,967
Venture XIX CLO Ltd., Series 2014-19A, Class C, 3.66%, 1/15/27 (c)(d)			445		441,120


Asset-Backed Securities		Par (000)		Value
Asset-Backed Securities (continued)
Venture XXI CLO Ltd., Series 2015- 21A, Class D, 3.88%, 7/15/27 (c)(d)	USD		400	$	364,120
Voya CLO Ltd., Series 2014-4A, Class C, 4.32%, 10/14/26 (c)(d)			2,500		2,354,526
World Financial Network Credit Card Master Trust, Series 2012- C, Class B, 3.57%, 8/15/22			3,000		3,110,473

					132,193,027
Interest Only Asset-Backed Securities — 0.2%
Sterling Bank Trust, Series 2004-2, Class Note, 2.08%, 3/30/30 (d)			5,492		380,999
Sterling Coofs Trust, Series 2004- 1, Class A, 2.36%, 4/15/29 (d)			7,370		497,490

					878,489
Total Asset-Backed Securities — 21.7%					133,071,516



Corporate Bonds
Aerospace & Defense — 0.7%
Accudyne Industries Borrower/Accudyne Industries LLC, 7.75%, 12/15/20 (d)			560		418,600
Bombardier, Inc., 7.50%, 3/15/25 (d)			167		124,415
Huntington Ingalls Industries, Inc., 5.00%, 12/15/21 (d)			250		255,625
Meccanica Holdings USA, Inc., 6.25%, 7/15/19 (d)			339		369,157
Moog, Inc., 5.25%, 12/01/22 (d)			270		276,075
TransDigm, Inc.:
6.00%, 7/15/22 (e)			2,045		2,009,213
6.50%, 7/15/24 (e)			835		822,475

					4,275,560
Air Freight & Logistics — 0.2%
WFS Global Holding SAS, 9.50%, 7/15/22	EUR		100		111,202
XPO Logistics, Inc.:
5.75%, 6/15/21			100		101,183
6.50%, 6/15/22 (d)	USD		825		759,000

					971,385
Airlines — 3.2%
Air Canada Pass-Through Trust (d):
Series 2013-1, Class C, 6.63%, 5/15/18			651		666,461
Series 2015-1, Class B, 3.88%, 9/15/24 (e)			1,500		1,455,000



BLACKROCK LIMITED DURATION INCOME TRUST	NOVEMBER 30, 2015	2


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


Corporate Bonds		Par (000)		Value
Airlines (continued)
American Airlines Group, Inc., 4.63%, 3/01/20 (d)	USD		315	$	306,338
American Airlines Pass-Through Trust, Series 2013-2:
Class A, 4.95%, 7/15/24 (e)			3,352		3,574,524
Class B, 5.60%, 1/15/22 (d)			659		679,054
Class C, 6.00%, 1/15/17 (d)			2,566		2,633,176
Continental Airlines Pass-Through Trust, Series 2012-3, Class C, 6.13%, 4/29/18 (e)			2,090		2,163,150
Delta Air Lines Pass-Through Trust, Series 2009-1, Class B, 9.75%, 6/17/18			197		209,690
United Airlines Pass-Through Trust (e):
Series 2014-2, Class B, 4.63%, 3/03/24			2,300		2,300,000
Series 2015-1, Class A, 3.70%, 6/01/24			2,430		2,442,150
US Airways Pass-Through Trust, Series 2011-1, Class B, 9.75%, 4/22/20			371		415,174
Virgin Australia Trust, Series 2013-1 (d):
Class A, 5.00%, 4/23/25			588		608,418
Class B, 6.00%, 4/23/22			1,156		1,176,295
Class C, 7.13%, 10/23/18			796		808,152

					19,437,582
Auto Components — 1.0%
Affinia Group, Inc., 7.75%, 5/01/21 (e)			1,095		1,133,325
Dakar Finance SA, 9.00%, 11/15/20 (f)	EUR		100		104,598
Goodyear Tire & Rubber Co., 6.50%, 3/01/21 (e)	USD		901		951,402
Icahn Enterprises LP/Icahn Enterprises Finance Corp., 4.88%, 3/15/19 (e)			1,228		1,228,000
Schaeffler Holding Finance BV (f):
(5.75% Cash or 6.50% PIK), 5.75%, 11/15/21	EUR		115		131,335
(6.25% Cash), 6.25%, 11/15/19 (d)	USD		804		850,230
(6.75% Cash), 6.75%, 11/15/22 (d)			943		1,020,798
(6.88% Cash), 6.88%, 8/15/18	EUR		375		409,717
ZF North America Capital, Inc.:
4.50%, 4/29/22 (d)	USD		168		164,850
2.75%, 4/27/23	EUR		200		203,411

					6,197,666


Corporate Bonds		Par (000)		Value
Automobiles — 0.4%
General Motors Co., 3.50%, 10/02/18 (e)	USD		2,478	$	2,513,782
Banks — 1.9%
Banca Monte dei Paschi di Siena SpA, 3.63%, 4/01/19	EUR		100		107,723
Banco Bilbao Vizcaya Argentaria SA, 6.75% (c)(i)			200		208,835
Banco Espirito Santo SA:
4.75%, 1/15/18			100		98,615
4.00%, 1/21/19			100		96,357
Banco Popular Espanol SA, 8.25% (c)(i)			200		205,499
Banco Santander SA, Series ., 6.25% (c)(i)			200		205,428
Bankia SA, 4.00%, 5/22/24 (c)			100		105,412
Barclays PLC, 3.65%, 3/16/25 (e)	USD		3,600		3,490,297
BNP Paribas SA, 7.38% (c)(d)(i)			200		205,500
CIT Group, Inc.:
5.00%, 5/15/17 (e)			890		916,700
5.50%, 2/15/19 (d)			1,370		1,435,075
5.00%, 8/01/23			235		238,819
HSBC Holdings PLC, 6.25%, 3/19/18	EUR		1,000		1,188,439
Ibercaja Banco SA, 5.00%, 7/28/25 (c)			100		102,998
Nordea Bank AB, 4.50%, 3/26/20			1,020		1,225,864
Santander Holdings USA, Inc., 4.50%, 7/17/25 (e)	USD		1,750		1,787,975

					11,619,536
Beverages — 0.0%
Constellation Brands, Inc.:
7.25%, 5/15/17			82		87,740
3.88%, 11/15/19			144		149,040

					236,780
Building Products — 0.8%
American Builders & Contractors
Supply Co., Inc. (d):
5.63%, 4/15/21			190		192,850
5.75%, 12/15/23			141		142,939
Building Materials Corp. of America, 6.00%, 10/15/25 (d)			742		765,188
Cemex SAB de CV, 4.38%, 3/05/23	EUR		100		98,914
CPG Merger Sub LLC, 8.00%, 10/01/21 (d)	USD		1,030		1,019,700
LSF9 Balta Issuer SA, 7.75%, 9/15/22	EUR		100		111,679
Masonite International Corp., 5.63%, 3/15/23 (d)	USD		329		343,805



BLACKROCK LIMITED DURATION INCOME TRUST	NOVEMBER 30, 2015	3


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


Corporate Bonds		Par (000)		Value
Building Products (continued)
Ply Gem Industries, Inc., 6.50%, 2/01/22 (e)	USD		745	$	722,650
USG Corp., 9.75%, 1/15/18 (e)			1,390		1,560,275

					4,958,000
Capital Markets — 0.8%
American Capital Ltd., 6.50%, 9/15/18 (d)			975		1,007,906
Blackstone CQP Holdco LP, 9.30%, 3/19/19			1,094		1,105,404
E*Trade Financial Corp.:
0.00%, 8/31/19 (d)(g)(h)			249		734,478
5.38%, 11/15/22 (e)			627		663,052
Morgan Stanley, 4.00%, 7/23/25 (e)			965		1,001,946
UBS Group AG, 5.75% (c)(i)			200		220,819
UBS Group AG, 7.00% (c)(i)			200		211,155

					4,944,760
Chemicals — 0.5%
Axalta Coating Systems US Holdings, Inc./Axalta Coating Systems Dutch Holding BV, 7.38%, 5/01/21 (d)			398		422,875
Chemours Co., 7.00%, 5/15/25 (d)			210		156,975
Huntsman International LLC:
4.88%, 11/15/20			100		94,000
5.13%, 4/15/21	EUR		331		343,598
5.13%, 11/15/22 (d)	USD		660		610,500
Ineos Finance PLC, 4.00%, 5/01/23	EUR		100		103,278
Momentive Performance Materials, Inc., 3.88%, 10/24/21	USD		490		313,600
Platform Specialty Products Corp., 6.50%, 2/01/22 (d)			1,058		920,460
PSPC Escrow II Corp., 10.38%, 5/01/21 (d)			53		54,060

					3,019,346
Commercial Services & Supplies — 0.9%
AA Bond Co. Ltd., 5.50%, 7/31/43	GBP		125		181,673
Abengoa Greenfield SA, 6.50%, 10/01/19 (d)	USD		556		84,790
ADS Waste Holdings, Inc., 8.25%, 10/01/20			292		302,220
Aviation Capital Group Corp., 4.63%, 1/31/18 (d)(e)			1,000		1,027,500
Brand Energy & Infrastructure Services, Inc., 8.50%, 12/01/21 (d)			203		177,625


Corporate Bonds		Par (000)		Value
Commercial Services & Supplies (continued)
Iron Mountain, Inc., 6.00%, 10/01/20 (d)	USD		405	$	424,845
Mobile Mini, Inc., 7.88%, 12/01/20 (e)			915		947,025
Modular Space Corp., 10.25%, 1/31/19 (d)			1,253		601,440
Silk Bidco AS, 7.50%, 2/01/22	EUR		120		134,799
United Rentals North America, Inc.:
7.63%, 4/15/22 (e)	USD		658		707,350
5.75%, 11/15/24 (e)			639		645,786
Verisure Holding AB:
8.75%, 12/01/18	EUR		100		110,277
6.00%, 11/01/22			125		138,048

					5,483,378
Communications Equipment — 1.1%
Alcatel-Lucent USA, Inc., 6.75%, 11/15/20 (d)	USD		1,308		1,384,178
Avaya, Inc., 7.00%, 4/01/19 (d)			174		137,025
CommScope Technologies Finance LLC, 6.00%, 6/15/25 (d)			564		540,030
CommScope, Inc. (d):
4.38%, 6/15/20			465		468,488
5.50%, 6/15/24			99		95,040
Motorola Solutions, Inc., 3.75%, 5/15/22 (e)			1,500		1,388,034
Nokia OYJ, 6.63%, 5/15/39			200		207,750
Zayo Group LLC/Zayo Capital, Inc.:
10.13%, 7/01/20 (e)			1,946		2,111,410
6.00%, 4/01/23 (d)			717		690,112

					7,022,067
Construction & Engineering — 0.4%
AECOM:
5.75%, 10/15/22			150		154,781
5.88%, 10/15/24			431		436,387
BlueLine Rental Finance Corp., 7.00%, 2/01/19 (d)			255		231,412
Novafives SAS, 4.50%, 6/30/21	EUR		100		90,335
Safway Group Holding LLC/Safway Finance Corp., 7.00%, 5/15/18 (d)	USD		963		972,630
Weekley Homes LLC/Weekley
Finance Corp., 6.00%, 2/01/23			320		299,200

					2,184,745
Construction Materials — 0.8%
Beacon Roofing Supply, Inc., 6.38%, 10/01/23 (d)			75		78,188
HD Supply, Inc.:
7.50%, 7/15/20 (e)			2,696		2,844,280
5.25%, 12/15/21 (d)			1,828		1,898,835



BLACKROCK LIMITED DURATION INCOME TRUST	NOVEMBER 30, 2015	4


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


Corporate Bonds		Par (000)		Value
Construction Materials (continued)
Officine MaccaFerri SpA, 5.75%, 6/01/21	EUR		150	$	147,402

					4,968,705
Consumer Finance — 1.5%
Ally Financial, Inc.:
4.63%, 3/30/25 (e)	USD		1,891		1,891,000
8.00%, 11/01/31 (e)			2,840		3,386,700
General Motors Financial Co., Inc. (e): 2.63%, 7/10/17			2,760		2,770,157
General Motors Financial Co., Inc. (e) (continued): 4.38%, 9/25/21			530		540,907
McGraw Hill Financial, Inc., 2.50%, 8/15/18 (d)			445		447,998
Navient Corp.:
5.50%, 1/25/23			25		21,500
6.13%, 3/25/24			25		21,563
5.88%, 10/25/24			40		34,100

					9,113,925
Containers & Packaging — 0.6%
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc.:
3.34%, 12/15/19 (c)(d)			605		594,412
6.00%, 6/30/21 (d)			380		374,300
4.25%, 1/15/22	EUR		320		346,126
Beverage Packaging Holdings Luxembourg II SA, 6.00%, 6/15/17 (d)	USD		1,560		1,552,200
Crown Americas LLC/Crown Americas Capital Corp. III, 6.25%, 2/01/21 (e)			144		148,860
Crown European Holdings SA, 4.00%, 7/15/22	EUR		149		164,904
JH-Holding Finance SA (f):
(8.25% Cash), 8.25%, 12/01/22			100		110,493
(8.25% Cash), 8.25%, 12/01/22			100		110,493
Sealed Air Corp. (d):
4.88%, 12/01/22	USD		80		81,200
5.50%, 9/15/25			274		285,645
SGD Group SAS, 5.63%, 5/15/19	EUR		100		108,414

					3,877,047
Diversified Consumer Services — 0.1%
Laureate Education, Inc., 9.25%, 9/01/19 (d)	USD		495		378,675


Corporate Bonds		Par (000)		Value
Diversified Consumer Services (continued)
Service Corp. International, 5.38%, 5/15/24	USD		350	$	366,625

					745,300
Diversified Financial Services — 1.1%
AerCap Ireland Capital, Ltd./AerCap Global Aviation Trust:
4.63%, 10/30/20			385		395,588
5.00%, 10/01/21 (e)			500		518,750
Aircastle Ltd., 6.25%, 12/01/19 (e)			367		396,360
Bank of America Corp., Series L, 3.95%, 4/21/25 (e)			1,855		1,832,275
Garfunkelux Holdco 3 SA, 8.50%, 11/01/22	GBP		100		155,128
HSH Nordbank AG, 0.76%, 2/14/17 (c)	EUR		153		146,731
International Lease Finance Corp.:
5.88%, 4/01/19	USD		160		170,000
8.25%, 12/15/20			150		178,875
4.63%, 4/15/21			147		151,410
5.88%, 8/15/22 (e)			560		605,220
Jefferies Finance LLC/JFIN Co- Issuer Corp., 6.88%, 4/15/22 (d)			680		618,800
Mercury Bondco PLC, (8.25% Cash), 8.25%, 5/30/21 (f)	EUR		200		213,423
MSCI, Inc., 5.75%, 8/15/25 (d)	USD		416		431,600
Reynolds Group Issuer, Inc.:
5.75%, 10/15/20 (e)			435		445,875
6.88%, 2/15/21			210		217,350
UniCredit SpA, 6.95%, 10/31/22	EUR		100		126,873

					6,604,258
Diversified Telecommunication Services — 2.3%
CenturyLink, Inc.:
6.45%, 6/15/21	USD		241		235,100
Series V, 5.63%, 4/01/20			215		213,119
Frontier Communications Corp.:
6.25%, 9/15/21			45		38,531
7.13%, 1/15/23			120		101,100
7.63%, 4/15/24			156		131,820
6.88%, 1/15/25			288		236,160
11.00%, 9/15/25 (d)			566		554,680
Level 3 Financing, Inc.:
4.10%, 1/15/18 (c)			411		414,082
6.13%, 1/15/21 (e)			1,682		1,762,753
5.38%, 8/15/22 (e)			1,055		1,062,127
5.13%, 5/01/23 (d)			905		898,212
5.38%, 1/15/24 (d)			240		240,300
5.38%, 5/01/25 (d)			1,881		1,869,244
Orange SA, 4.00% (c)(i)			200		216,593



BLACKROCK LIMITED DURATION INCOME TRUST	NOVEMBER 30, 2015	5


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


Corporate Bonds		Par (000)		Value
Diversified Telecommunication Services: (continued)
Telecom Italia Finance SA, 7.75%, 1/24/33	EUR		37	$	52,430
Telecom Italia SpA:
6.38%, 6/24/19	GBP		200		332,257
5.88%, 5/19/23			450		747,882
Telefonica Europe BV, 4.20% (c)(i)			200		213,423
Telenet Finance V Luxembourg SCA:
6.25%, 8/15/22	EUR		271		310,663
6.75%, 8/15/24			397		463,493
Verizon Communications, Inc., 3.65%, 9/14/18 (e)	USD		4,000		4,215,920

					14,309,889
Electric Utilities — 0.4%
AES Corp., 4.88%, 5/15/23			270		243,337
ContourGlobal Power Holdings SA, 7.13%, 6/01/19 (d)			728		724,360
Gas Natural Fenosa Finance BV, 3.38% (c)(i)	EUR		100		95,053
Homer City Generation LP (f):
(8.14% Cash), 8.14%, 10/01/19	USD		280		276,758
(8.73% Cash), 8.73%, 10/01/26			562		555,947
Mirant Mid Atlantic Pass-Through Trust, Series B, 9.13%, 6/30/17 (e)			303		308,841

					2,204,296
Electrical Equipment — 0.1%
Belden, Inc., 5.50%, 4/15/23	EUR		349		374,820
Electronic Equipment, Instruments & Components — 0.0%
CDW LLC/CDW Finance Corp., 5.00%, 9/01/23	USD		122		122,610
Energy Equipment & Services — 0.4%
Calfrac Holdings LP, 7.50%, 12/01/20 (d)			503		231,380
Genesis Energy LP/Genesis Energy
Finance Corp., 6.75%, 8/01/22			147		136,710
Halliburton Co., 3.80%, 11/15/25			100		100,690
Peabody Energy Corp., 6.00%, 11/15/18			200		46,260
Precision Drilling Corp., 5.25%, 11/15/24 (e)			522		407,160
Transocean, Inc.:
3.00%, 10/15/17 (e)			594		561,330
6.00%, 3/15/18 (e)			575		549,125
6.50%, 11/15/20 (e)			179		141,410
4.30%, 10/15/22			61		39,040

					2,213,105


Corporate Bonds		Par (000)		Value
Food & Staples Retailing — 0.6%
Brakes Capital, 7.13%, 12/15/18	GBP		255	$	398,273
CVS Health Corp., 4.75%, 12/01/22 (d)	USD		165		178,218
Dollar Tree Inc., 5.25%, 3/01/20 (d)			178		184,230
R&R Ice Cream PLC, 4.75%, 5/15/20	EUR		150		163,280
Rite Aid Corp.:
9.25%, 3/15/20 (e)	USD		1,095		1,170,281
6.13%, 4/01/23 (d)			1,570		1,664,200

					3,758,482
Food Products — 0.5%
Acosta, Inc., 7.75%, 10/01/22 (d)			635		585,787
Boparan Finance PLC, 5.50%, 7/15/21	GBP		115		156,747
Post Holdings, Inc. (d): 7.75%, 3/15/24	USD		844		875,650
Post Holdings, Inc. (d) (continued): 8.00%, 7/15/25			416		435,760
Smithfield Foods, Inc.:
5.88%, 8/01/21 (d)			193		199,273
6.63%, 8/15/22 (e)			783		829,980
WhiteWave Foods Co., 5.38%, 10/01/22			168		178,710

					3,261,907
Health Care Equipment & Supplies — 0.4%
Crimson Merger Sub, Inc., 6.63%, 5/15/22 (d)			485		396,487
DJO Finance LLC/DJO Finance Corp., 8.13%, 6/15/21 (d)			1,394		1,254,600
Mallinckrodt International Finance SA/Mallinckrodt CB LLC (d):
4.88%, 4/15/20			284		257,020
5.75%, 8/01/22			330		292,050
Teleflex, Inc., 5.25%, 6/15/24			250		250,625

					2,450,782
Health Care Providers & Services — 2.4%
Acadia Healthcare Co., Inc.:
5.13%, 7/01/22			240		235,200
5.63%, 2/15/23			178		174,440
Alere, Inc.:
7.25%, 7/01/18 (e)			950		982,214
6.38%, 7/01/23 (d)			330		334,125
Amsurg Corp., 5.63%, 7/15/22 (e)			1,016		998,220
Centene Corp., 4.75%, 5/15/22			370		361,213
CHS/Community Health Systems, Inc.:
5.13%, 8/15/18 (e)			490		499,800
6.88%, 2/01/22 (e)			964		932,670



BLACKROCK LIMITED DURATION INCOME TRUST	NOVEMBER 30, 2015	6


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


Corporate Bonds		Par (000)		Value
Health Care Providers & Services (continued)
DaVita HealthCare Partners, Inc.:
5.13%, 7/15/24 (e)	USD		1,093	$	1,090,267
5.00%, 5/01/25 (e)			247		237,120
ExamWorks Group, Inc., 5.63%, 4/15/23			381		379,095
HCA Holdings, Inc., 6.25%, 2/15/21			35		37,188
HCA, Inc.:
3.75%, 3/15/19 (e)			786		793,860
6.50%, 2/15/20			125		138,281
7.50%, 2/15/22			572		639,210
5.88%, 3/15/22 (e)			82		87,945
4.75%, 5/01/23 (e)			108		107,190
5.00%, 3/15/24 (e)			335		337,513
5.38%, 2/01/25 (e)			860		844,950
HealthSouth Corp.:
5.75%, 11/01/24			570		550,050
HealthSouth Corp.: (continued)
5.75%, 9/15/25 (d)			257		246,078
Hologic, Inc., 5.25%, 7/15/22 (d)			720		748,800
Sterigenics-Nordion Holdings LLC, 6.50%, 5/15/23 (d)			104		104,130
Tenet Healthcare Corp.:
6.25%, 11/01/18 (e)			264		278,520
4.75%, 6/01/20 (e)			520		525,200
3.84%, 6/15/20 (c)(d)			805		793,931
6.00%, 10/01/20			241		256,063
8.13%, 4/01/22			198		197,381
UnitedHealth Group, Inc., 3.75%, 7/15/25 (e)			1,470		1,524,403
Voyage Care Bondco PLC, 6.50%, 8/01/18	GBP		355		543,241

					14,978,298
Hotels, Restaurants & Leisure — 4.2%
Boyd Gaming Corp., 6.88%, 5/15/23 (e)	USD		1,040		1,088,100
Carlson Travel Holdings, Inc., (7.50% Cash or 8.25% PIK), 7.50%, 8/15/19 (d)(f)			204		203,490
CDW LLC/CDW Finance Corp.:
6.00%, 8/15/22			535		564,425
5.50%, 12/01/24 (e)			1,382		1,388,910
Cirsa Funding Luxembourg SA, 5.88%, 5/15/23	EUR		200		207,084
CPUK Finance Ltd., 7.00%, 2/28/42	GBP		200		310,380
Enterprise Funding Ltd., Series ETI, 3.50%, 9/10/20 (h)			100		128,621
ESH Hospitality, Inc., 5.25%, 5/01/25 (d)	USD		371		366,362
GLP Capital LP/GLP Financing II, Inc., 4.38%, 11/01/18 (e)			357		366,371


Corporate Bonds		Par (000)		Value
Hotels, Restaurants & Leisure (continued)
International Game Technology PLC:
6.25%, 2/15/22 (d)	USD		200	$	190,376
4.75%, 2/15/23	EUR		125		127,909
Jarden Corp., 5.00%, 11/15/23 (d)	USD		133		136,475
MGM Resorts International:
6.75%, 10/01/20			270		282,066
6.00%, 3/15/23			549		543,853
New Red Finance, Inc., 6.00%, 4/01/22 (d)			860		892,250
Pinnacle Entertainment, Inc., 6.38%, 8/01/21 (e)			485		514,100
PortAventura Entertainment Barcelona BV, 7.25%, 12/01/20	EUR		100		109,089
RHP Hotel Properties LP/RHP Finance Corp., 5.00%, 4/15/23 (e)	USD		335		338,350
Sabre GLBL, Inc. (d):
5.38%, 4/15/23			317		317,000
5.25%, 11/15/23			92		90,620
Six Flags Entertainment Corp., 5.25%, 1/15/21 (d)			236		241,593
Snai SpA, 7.63%, 6/15/18	EUR		205		212,278
Spirit Issuer PLC (c):
Series A1, 1.14%, 12/28/28	GBP		445		547,727
Series A2, 3.29%, 12/28/31			1,800		2,494,111
Series A5, 5.47%, 12/28/28			4,500		6,811,332
Series A6, 2.39%, 12/28/36			2,670		3,780,011
Station Casinos LLC, 7.50%, 3/01/21 (e)	USD		2,245		2,379,700
Tropicana Entertainment LLC/Tropicana Finance Corp., 9.63%, 12/15/14 (a)(b)			375		—
Unique Pub Finance Co. PLC:
Series A4, 5.66%, 6/30/27	GBP		742		1,114,131
Series N, 6.46%, 3/30/32			100		128,546

					25,875,260
Household Durables — 1.0%
Ashton Woods USA LLC/Ashton Woods Finance Co., 6.88%, 2/15/21 (d)	USD		510		469,200
Beazer Homes USA, Inc.:
6.63%, 4/15/18			250		254,375
5.75%, 6/15/19			523		494,235
Berkline/Benchcraft LLC, 4.50%, 5/03/16 (a)(b)			200		—
Brookfield Residential Properties, Inc./Brookfield Residential US Corp., 6.13%, 7/01/22 (d)			259		243,460
DR Horton, Inc., 4.00%, 2/15/20			490		498,085
Lennar Corp.:
4.50%, 11/15/19			370		379,250



BLACKROCK LIMITED DURATION INCOME TRUST	NOVEMBER 30, 2015	7


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


Corporate Bonds		Par (000)		Value
Household Durables (continued)
Lennar Corp.: (continued)
4.88%, 12/15/23	USD		212	$	212,000
Ryland Group, Inc., 6.63%, 5/01/20 (e)			670		738,675
Shea Homes LP/Shea Homes Funding Corp. (d):
5.88%, 4/01/23			503		519,347
6.13%, 4/01/25			279		288,068
Standard Pacific Corp., 8.38%, 1/15/21 (e)			1,000		1,172,500
Taylor Morrison Communities, Inc./Monarch Communities, Inc., 5.25%, 4/15/21 (d)			297		297,742
TRI Pointe Holdings, Inc.:
4.38%, 6/15/19 (e)			500		496,250
5.88%, 6/15/24 (e)			340		337,450

					6,400,637
Household Products — 0.2%
Spectrum Brands, Inc.:
6.38%, 11/15/20			250		267,500
6.63%, 11/15/22			555		592,462
5.75%, 7/15/25 (d)			546		563,063

					1,423,025
Independent Power and Renewable Electricity Producers — 0.5%
Calpine Corp.:
6.00%, 1/15/22 (d)			143		148,363
5.38%, 1/15/23 (e)			624		581,880
5.88%, 1/15/24 (d)			108		111,510
5.50%, 2/01/24 (e)			884		821,015
Dynegy, Inc., 6.75%, 11/01/19 (e)			610		595,897
NRG Energy, Inc.:
7.88%, 5/15/21			177		176,557
6.25%, 7/15/22			135		124,875
6.63%, 3/15/23			16		14,720
6.25%, 5/01/24			410		371,050
NRG Yield Operating LLC, 5.38%, 8/15/24			135		122,785

					3,068,652
Insurance — 1.3%
Allied World Assurance Co. Holdings Ltd., 4.35%, 10/29/25 (e)			360		355,256
Allied World Assurance Co. Ltd., 7.50%, 8/01/16 (e)			1,500		1,559,854
American International Group, Inc., 3.75%, 7/10/25 (e)			2,705		2,708,736
CNO Financial Group, Inc., 4.50%, 5/30/20			30		30,600
Forethought Financial Group, Inc., 8.63%, 4/15/21 (d)			750		854,218


Corporate Bonds		Par (000)		Value
Insurance (continued)
HUB International Ltd., 7.88%, 10/01/21 (d)	USD		391	$	375,360
Lincoln National Corp., 3.35%, 3/09/25 (e)			845		823,862
Muenchener Rueckversicherungs AG, 6.00%, 5/26/41 (c)	EUR		400		505,678
Pension Insurance Corp. PLC, 6.50%, 7/03/24	GBP		125		184,594
Trader Corp., 9.88%, 8/15/18 (d)	USD		595		625,494

					8,023,652
Internet Software & Services — 0.4%
Blue Coat Holdings, Inc., 8.38%, 6/01/23 (d)			360		367,200
Equinix, Inc., 5.88%, 1/15/26 (j)			338		343,070
IAC/InterActiveCorp, 4.88%, 11/30/18 (e)			695		711,506
Interactive Data Corp., 5.88%, 4/15/19 (d)			741		755,820
Netflix, Inc., 5.75%, 3/01/24			360		371,700

					2,549,296
IT Services — 1.2%
Ceridian HCM Holding, Inc., 11.00%, 3/15/21 (d)			219		171,915
First Data Corp. (d):
5.38%, 8/15/23			1,268		1,292,574
7.00%, 12/01/23			3,138		3,165,457
5.00%, 1/15/24			598		598,000
5.75%, 1/15/24			2,034		2,034,000
WEX, Inc., 4.75%, 2/01/23 (d)			220		203,500

					7,465,446
Media — 5.4%
Altice Financing SA:
6.50%, 1/15/22 (d)			645		648,225
5.25%, 2/15/23	EUR		100		107,768
6.63%, 2/15/23 (d)	USD		786		779,610
Altice SA:
7.25%, 5/15/22	EUR		400		409,992
7.75%, 5/15/22 (d)	USD		850		794,750
6.25%, 2/15/25	EUR		175		162,015
7.63%, 2/15/25 (d)	USD		740		647,500
Altice US Finance I Corp., 5.38%, 7/15/23 (d)			1,546		1,546,000
Altice US Finance II Corp., 7.75%, 7/15/25 (d)			606		583,275
Altice US Finance SA, 7.75%, 7/15/25 (d)			670		643,200
AMC Networks, Inc.:
7.75%, 7/15/21 (e)			285		302,966
4.75%, 12/15/22			70		69,563



BLACKROCK LIMITED DURATION INCOME TRUST	NOVEMBER 30, 2015	8


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


Corporate Bonds		Par (000)		Value
Media (continued)
CCO Holdings LLC/CCO Holdings Capital Corp.:
6.50%, 4/30/21	USD		245	$	256,228
5.13%, 2/15/23			270		268,512
5.88%, 5/01/27 (d)			125		124,063
CCO Safari II LLC, 4.91%, 7/23/25 (d)(e)			2,425		2,461,921
CCOH Safari LLC, 5.75%, 2/15/26 (d)			811		815,055
Cengage Learning Acquisitions, Inc., 11.50%, 4/15/20 (a)(b)			509		—
Clear Channel Worldwide Holdings, Inc.:
7.63%, 3/15/20 (e)			677		656,690
6.50%, 11/15/22 (e)			1,193		1,161,200
Columbus International, Inc., 7.38%, 3/30/21 (d)(e)			686		722,872
CSC Holdings LLC, 5.25%, 6/01/24			105		88,988
Discovery Communications LLC, 3.45%, 3/15/25			170		156,762
DISH DBS Corp.:
4.25%, 4/01/18 (e)			670		666,650
5.88%, 11/15/24 (e)			1,336		1,195,720
DreamWorks Animation SKG, Inc., 6.88%, 8/15/20 (d)			185		183,150
Gray Television, Inc., 7.50%, 10/01/20 (e)			323		335,113
iHeartCommunications, Inc.: 9.00%, 12/15/19			345		250,125
9.00%, 3/01/21 (e)			966		663,883
9.00%, 9/15/22 (e)			755		515,287
Intelsat Jackson Holdings SA, 5.50%, 8/01/23 (e)			1,295		964,775
Live Nation Entertainment, Inc., 7.00%, 9/01/20 (d)			185		194,481
Midcontinent Communications & Midcontinent Finance Corp., 6.25%, 8/01/21 (d)			245		249,288
NAI Entertainment Holdings/NAI Entertainment Holdings Finance Corp., 5.00%, 8/01/18 (d)			345		348,881
Neptune Finco Corp. (d):
10.13%, 1/15/23			426		445,170
6.63%, 10/15/25			445		461,131
10.88%, 10/15/25			389		411,367
Nielsen Finance LLC/Nielsen Finance Co., 5.00%, 4/15/22 (d)			330		327,938
Numericable Group SA:
4.88%, 5/15/19 (d)			1,770		1,765,575
5.38%, 5/15/22	EUR		110		120,869
6.00%, 5/15/22 (d)	USD		1,770		1,747,875
5.63%, 5/15/24	EUR		260		282,944


Corporate Bonds		Par (000)		Value
Media (continued)
Numericable Group SA: (continued) 6.25%, 5/15/24 (d)	USD		270	$	265,950
Outfront Media Capital LLC/Outfront Media Capital Corp.:
5.25%, 2/15/22			105		107,756
5.63%, 2/15/24 (d)			104		107,380
5.63%, 2/15/24			95		97,850
RCN Telecom Services LLC/RCN Capital Corp., 8.50%, 8/15/20 (d)			450		459,000
Sirius XM Radio, Inc. (d):
5.75%, 8/01/21			424		438,268
4.63%, 5/15/23			40		38,700
5.38%, 4/15/25			1,315		1,301,850
Sterling Entertainment Corp., 9.75%, 12/15/19			1,175		1,175,000
TEGNA, Inc., 5.13%, 10/15/19			197		204,880
Tribune Media Co., 5.88%, 7/15/22 (d)			846		846,000
Unitymedia Hessen GmbH & Co. KG/Unitymedia NRW GmbH:
4.00%, 1/15/25	EUR		236		248,722
5.00%, 1/15/25 (d)	USD		749		729,339
Univision Communications, Inc. (d):
5.13%, 5/15/23			205		198,338
5.13%, 2/15/25			535		516,944
Virgin Media Secured Finance PLC, 6.00%, 4/15/21	GBP		828		1,304,626
Ziggo Bond Finance BV:
4.63%, 1/15/25	EUR		137		138,161
5.88%, 1/15/25 (d)	USD		670		629,800

					33,345,941
Metals & Mining — 1.3%
Alcoa, Inc., 5.13%, 10/01/24 (e)			773		731,451
Constellium NV, 5.75%, 5/15/24 (d)			877		657,750
First Quantum Minerals Ltd. (d):
7.00%, 2/15/21			119		75,639
7.25%, 5/15/22			356		219,830
Glencore Finance Europe SA, 4.63%, 4/03/18	EUR		100		100,372
Global Brass & Copper, Inc., 9.50%, 6/01/19 (e)	USD		695		741,912
Kaiser Aluminum Corp., 8.25%, 6/01/20 (e)			510		539,963
Novelis, Inc.:
8.38%, 12/15/17			175		173,250
8.75%, 12/15/20 (e)			2,789		2,712,302
Ryerson, Inc./Joseph T Ryerson & Son, Inc., 9.00%, 10/15/17			100		84,238



BLACKROCK LIMITED DURATION INCOME TRUST	NOVEMBER 30, 2015	9


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


Corporate Bonds		Par (000)		Value
Metals & Mining (continued)
Steel Dynamics, Inc.:
5.13%, 10/01/21 (e)	USD		645	$	627,263
6.38%, 8/15/22 (e)			555		561,938
5.25%, 4/15/23			105		100,800
5.50%, 10/01/24			16		15,280
Teck Resources Ltd.:
3.00%, 3/01/19			166		111,739
5.20%, 3/01/42			109		50,413
5.40%, 2/01/43			50		23,000
Wise Metals Group LLC/Wise Alloys Finance Corp., 8.75%, 12/15/18 (d)			728		575,120

					8,102,260
Multi-Utilities — 0.0%
CE Energy AS, 7.00%, 2/01/21	EUR		150		163,110
Multiline Retail — 0.5%
Dollar Tree Inc., 5.75%, 3/01/23 (d)	USD		2,276		2,361,350
Hema Bondco I BV, 6.25%, 6/15/19	EUR		205		160,279
Neiman Marcus Group Ltd., 8.00%, 10/15/21 (d)	USD		516		460,530

					2,982,159
Offshore Drilling & Other Services — 0.2%
Sensata Technologies BV (d):
5.63%, 11/01/24			179		181,685
5.00%, 10/01/25			812		767,340

					949,025
Oil, Gas & Consumable Fuels — 3.7%
Antero Resources Finance Corp., 5.38%, 11/01/21			645		593,400
Bonanza Creek Energy, Inc., 6.75%, 4/15/21			109		85,565
California Resources Corp.:
5.00%, 1/15/20			233		148,538
5.50%, 9/15/21 (e)			743		445,800
6.00%, 11/15/24 (e)			2,087		1,252,200
Concho Resources, Inc., 5.50%, 4/01/23 (e)			933		909,675
CONSOL Energy, Inc., 5.88%, 4/15/22 (e)			1,653		1,082,715
Denbury Resources, Inc.:
6.38%, 8/15/21			16		10,240
5.50%, 5/01/22			89		55,180
Diamondback Energy, Inc., 7.63%, 10/01/21			600		637,500
Energy Transfer Equity LP:
7.50%, 10/15/20 (e)			674		704,330
5.88%, 1/15/24 (e)			625		578,125


Corporate Bonds		Par (000)		Value
Oil, Gas & Consumable Fuels (continued)
EP Energy LLC/Everest Acquisition Finance, Inc.:
9.38%, 5/01/20	USD		265	$	225,250
6.38%, 6/15/23			189		144,585
Halcon Resources Corp., 8.63%, 2/01/20 (d)			340		267,750
Hilcorp Energy I LP/Hilcorp Finance Co., 5.00%, 12/01/24 (d)			377		339,066
Laredo Petroleum, Inc., 7.38%, 5/01/22			132		128,700
MarkWest Energy Partners LP/MarkWest Energy Finance Corp., 4.88%, 6/01/25 (e)			534		475,260
MEG Energy Corp. (d):
6.50%, 3/15/21			384		330,240
7.00%, 3/31/24			1,960		1,661,100
Memorial Resource Development Corp., 5.88%, 7/01/22 (e)			791		737,607
Newfield Exploration Co., 5.63%, 7/01/24			62		58,435
NGPL PipeCo LLC, 9.63%, 6/01/19 (d)			353		307,110
Oasis Petroleum, Inc.:
7.25%, 2/01/19			380		360,050
6.50%, 11/01/21			410		348,500
6.88%, 1/15/23			90		77,625
Paramount Resources, Ltd., 6.88%, 6/30/23 (d)			326		280,360
Range Resources Corp., 5.75%, 6/01/21			161		150,133
Rockies Express Pipeline LLC (d):
6.85%, 7/15/18			183		187,118
6.00%, 1/15/19			90		89,100
5.63%, 4/15/20			890		872,200
Rose Rock Midstream LP/Rose Rock Finance Corp., 5.63%, 7/15/22			276		231,840
RSP Permian, Inc., 6.63%, 10/01/22			291		289,181
Sabine Pass Liquefaction LLC:
5.63%, 2/01/21			245		237,037
5.63%, 4/15/23 (e)			536		494,460
5.75%, 5/15/24 (e)			766		706,635
5.63%, 3/01/25 (d)			223		204,602
Sabine Pass LNG LP, 7.50%, 11/30/16 (e)			3,000		3,060,000
Sanchez Energy Corp., 6.13%, 1/15/23 (e)			781		536,937
SandRidge Energy, Inc., 8.75%, 1/15/20			79		14,023
Seven Generations Energy Ltd. (d):
8.25%, 5/15/20			890		863,300
6.75%, 5/01/23			296		261,220



BLACKROCK LIMITED DURATION INCOME TRUST	NOVEMBER 30, 2015	10


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


Corporate Bonds		Par (000)		Value
Oil, Gas & Consumable Fuels (continued)
SM Energy Co., 6.13%, 11/15/22	USD		635	$	608,012
Tesoro Logistics LP/Tesoro Logistics Finance Corp., 5.88%, 10/01/20 (e)			138		141,795
Whiting Petroleum Corp.:
5.00%, 3/15/19 (e)			671		630,740
1.25%, 4/01/20 (d)(h)			589		518,320
Williams Cos., Inc.:
3.70%, 1/15/23			63		50,677
4.55%, 6/24/24			219		179,639
WPX Energy, Inc., 5.25%, 9/15/24			95		78,613

					22,650,488
Paper & Forest Products — 0.0%
Unifrax I LLC/Unifrax Holding Co., 7.50%, 2/15/19 (d)			260		245,700
Pharmaceuticals — 2.2%
AbbVie, Inc., 3.60%, 5/14/25 (e)			695		688,644
Actavis Funding SCS, 3.45%, 3/15/22 (e)			2,460		2,487,609
Capsugel SA, (7.00% Cash or 7.75% PIK), 7.00%, 5/15/19 (d)(f)			156		156,975
Endo Finance LLC/Endo Finco, Inc. (d):
7.50%, 12/15/20			135		139,894
7.50%, 1/15/22			121		121,908
6.00%, 7/15/23			829		797,912
6.00%, 2/01/25			798		758,100
Ephios Bondco PLC, 6.25%, 7/01/22	EUR		225		251,321
Grifols Worldwide Operations Ltd., 5.25%, 4/01/22 (e)	USD		479		486,185
Jaguar Holding Co. II/Pharmaceutical Product Development LLC, 6.38%, 8/01/23 (d)			726		696,960
Valeant Pharmaceuticals International, Inc.:
6.75%, 8/15/18 (d)			2,214		2,158,650
5.38%, 3/15/20 (d)			747		668,565
6.38%, 10/15/20 (d)			994		910,752
7.50%, 7/15/21 (d)			335		316,602
5.63%, 12/01/21 (d)			520		453,700
5.50%, 3/01/23 (d)			519		445,043
4.50%, 5/15/23	EUR		300		264,666
5.88%, 5/15/23 (d)	USD		1,396		1,207,540
6.13%, 4/15/25 (d)			297		256,905

					13,267,931


Corporate Bonds		Par (000)		Value
Professional Services — 0.1%
Truven Health Analytics, Inc., 10.63%, 6/01/20 (e)	USD		540	$	558,900
Real Estate — 0.2%
AvalonBay Communities, Inc., 3.45%, 6/01/25 (e)			1,245		1,237,517
Prologis LP, 3.75%, 11/01/25 (e)			255		255,304

					1,492,821
Real Estate Investment Trusts (REITs) — 0.7%
Aroundtown Property Holdings PLC, 3.00%, 12/09/21	EUR		200		207,084
ERP Operating LP, 3.38%, 6/01/25 (e)	USD		1,015		1,008,293
Hilton Worldwide Finance LLC/Hilton Worldwide Finance Corp., 5.63%, 10/15/21 (e)			845		879,814
iStar Financial, Inc., 4.00%, 11/01/17			250		243,125
Ventas Realty LP, 4.13%, 1/15/26 (e)			650		649,275
Ventas Realty LP/Ventas Capital Corp., 4.75%, 6/01/21 (e)			1,300		1,382,420

					4,370,011
Real Estate Management & Development — 0.2%
Realogy Group LLC/Realogy Co-Issuer Corp. (d):
4.50%, 4/15/19			531		549,585
5.25%, 12/01/21			366		378,810
Rialto Holdings LLC/Rialto Corp., 7.00%, 12/01/18 (d)			220		224,400

					1,152,795
Road & Rail — 1.1%
Avis Budget Car Rental LLC/Avis Budget Finance, Inc., 5.25%, 3/15/25 (d)			650		625,625
EC Finance PLC, 5.13%, 7/15/21	EUR		180		199,754
Florida East Coast Holdings Corp., 6.75%, 5/01/19 (d)	USD		701		686,980
Hertz Corp.:
7.50%, 10/15/18			540		550,800
6.75%, 4/15/19			405		413,100
5.88%, 10/15/20			435		448,050
7.38%, 1/15/21			225		234,115
Lima Metro Line 2 Finance Ltd., 5.88%, 7/05/34 (d)(e)			3,000		2,936,250
Watco Cos. LLC/Watco Finance Corp., 6.38%, 4/01/23 (d)			319		317,405

					6,412,079



BLACKROCK LIMITED DURATION INCOME TRUST	NOVEMBER 30, 2015	11


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


Corporate Bonds		Par (000)		Value
Semiconductors & Semiconductor Equipment — 0.4%
Applied Materials, Inc., 3.90%, 10/01/25	USD		285	$	286,152
Micron Technology, Inc., 5.25%, 1/15/24 (d)			400		372,000
NXP BV/NXP Funding LLC (d):
4.13%, 6/15/20			1,037		1,033,111
5.75%, 2/15/21			560		585,200
Seagate HDD Cayman, 4.88%, 6/01/27 (d)(e)			250		203,587

					2,480,050
Software — 0.5%
ACI Worldwide, Inc., 6.38%, 8/15/20 (d)			300		312,750
Ensemble S Merger Sub, Inc., 9.00%, 9/30/23 (d)			303		300,728
Infor Software Parent LLC/Infor Software Parent, Inc., (7.13% Cash or 7.88% PIK), 7.13%, 5/01/21 (d)(f)			889		690,086
Infor US, Inc., 6.50%, 5/15/22 (d)			1,054		935,425
Informatica LLC, 7.13%, 7/15/23 (d)			285		273,600
Nuance Communications, Inc., 5.38%, 8/15/20 (d)			245		248,675
SS&C Technologies Holdings, Inc., 5.88%, 7/15/23 (d)			327		339,262

					3,100,526
Specialty Retail — 0.3%
L Brands, Inc., 6.88%, 11/01/35 (d)			480		492,000
New Look Secured Issuer PLC, 6.50%, 7/01/22	GBP		200		302,964
Penske Automotive Group, Inc., 5.38%, 12/01/24	USD		320		324,000
Sally Holdings LLC/Sally Capital, Inc., 5.50%, 11/01/23			243		250,746
THOM Europe SAS, 7.38%, 7/15/19	EUR		230		257,295

					1,627,005
Technology Hardware, Storage & Peripherals — 0.1%
Hewlett Packard Enterprise Co., 4.90%, 10/15/25 (d)(e)	USD		750		740,212
Textiles, Apparel & Luxury Goods — 0.1%
Levi Strauss & Co.:
6.88%, 5/01/22 (e)			250		270,000
5.00%, 5/01/25			320		319,200
William Carter Co., 5.25%, 8/15/21			116		119,190

					708,390


Corporate Bonds		Par (000)		Value
Thrifts & Mortgage Finance — 0.1%
Radian Group, Inc., 5.25%, 6/15/20	USD		500	$	490,000
Tobacco — 0.1%
Reynolds American, Inc., 3.25%, 6/12/20 (e)			735		752,805
Trading Companies & Distributors — 0.1%
Ashtead Capital, Inc., 5.63%, 10/01/24 (d)			420		427,350
Transportation Infrastructure — 1.3%
Aguila 3 SA, 7.88%, 1/31/18 (d)			378		387,450
JCH Parent, Inc., (10.50% Cash or 11.25% PIK), 10.50%, 3/15/19 (d)(f)			916		577,192
Penske Truck Leasing Co. LP/PTL Finance Corp., 3.38%, 3/15/18 (d)(e)			6,155		6,287,825
Transurban Finance Co., 4.13%, 2/02/26 (d)(e)			435		431,746

					7,684,213
Wireless Telecommunication Services — 2.2%
Communications Sales & Leasing, Inc./CSL Capital LLC:
6.00%, 4/15/23 (d)			330		311,850
8.25%, 10/15/23 (e)			674		599,860
Crown Castle International Corp.:
4.88%, 4/15/22			73		74,643
5.25%, 1/15/23			350		362,688
Digicel Ltd., 6.00%, 4/15/21 (d)(e)			2,073		1,850,152
Geo Group, Inc., 5.88%, 1/15/22			50		49,313
Matterhorn Telecom SA, 3.88%, 5/01/22	EUR		100		98,391
SBA Communications Corp., 4.88%, 7/15/22 (e)	USD		815		809,906
Sprint Communications, Inc. (d):
9.00%, 11/15/18			2,694		2,909,520
7.00%, 3/01/20			1,141		1,164,533
Sprint Corp.:
7.88%, 9/15/23 (e)			1,735		1,396,675
7.13%, 6/15/24 (e)			590		451,350
T-Mobile USA, Inc.:
6.54%, 4/28/20			370		382,025
6.63%, 4/28/21 (e)			263		271,876
6.13%, 1/15/22			75		76,538
6.73%, 4/28/22			173		178,190
6.00%, 3/01/23 (e)			478		480,390
6.84%, 4/28/23			55		56,513
6.50%, 1/15/24 (e)			535		539,012
6.38%, 3/01/25			155		154,225
6.50%, 1/15/26			643		642,196



BLACKROCK LIMITED DURATION INCOME TRUST	NOVEMBER 30, 2015	12


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


Corporate Bonds		Par (000)		Value
Wireless Telecommunications Services (continued)
Wind Acquisition Finance SA, 4.00%, 7/15/20	EUR		495	$	529,530

					13,389,376
Total Corporate Bonds — 52.7%					323,747,126



Floating Rate Loan Interests (c)
Aerospace & Defense — 0.4%
BE Aerospace, Inc., 2014 Term Loan B, 4.00%, 12/16/21	USD		854		853,037
DigitalGlobe, Inc., Term Loan B, 3.75%, 1/31/20			93		90,137
TASC, Inc., 2nd Lien Term Loan, 12.00%, 5/30/21			550		561,688
Transdigm, Inc.:
2015 Term Loan E, 3.50%, 5/14/22			642		620,942
Term Loan D, 3.75%, 6/04/21			296		288,399

					2,414,203
Air Freight & Logistics — 0.2%
CEVA Group PLC, Synthetic LC, 6.50%, 3/19/21			295		254,483
CEVA Intercompany BV, Dutch Term Loan, 6.50%, 3/19/21			307		264,339
CEVA Logistics Canada ULC, Canadian Term Loan, 6.50%, 3/19/21			53		45,576
CEVA Logistics US Holdings, Inc., Term Loan, 6.50%, 3/19/21			423		364,606
XPO Logistics, Inc., Term Loan, 5.50%, 11/01/21			420		418,165

					1,347,169
Airlines — 0.1%
Northwest Airlines, Inc.:
2.39%, 3/10/17			226		223,410
1.77%, 9/10/18			414		401,580
US Airways Group, Inc., Term Loan B1, 3.50%, 5/23/19			7		6,670

					631,660
Auto Components — 0.7%
Affinia Group Intermediate Holdings, Inc., Term Loan B2, 4.75%, 4/27/20			605		602,365
Autoparts Holdings Ltd.:
1st Lien Term Loan, 7.00%, 7/29/17			913		684,394
2nd Lien Term Loan, 11.00%, 1/29/18			1,050		496,996


Floating Rate Loan Interests (c)		Par (000)		Value
Auto Components (continued)
Dayco Products LLC, Term Loan B, 5.25%, 12/12/19	USD		477	$	471,496
Gates Global, Inc., Term Loan B, 4.25%, 7/05/21			1,787		1,666,843
INA Beteiligungsgesellschaft mbH, Term Loan B, 4.25%, 5/15/20			264		264,282

					4,186,376
Automobiles — 0.2%
Chrysler Group LLC, 2018 Term Loan B, 3.25%, 12/31/18			1,297		1,286,984
Banks — 0.1%
Redtop Acquisitions Ltd.:
1st Lien Term Loan, 4.50%, 12/03/20			413		409,555
2nd Lien Term Loan, 8.25%, 6/03/21			349		338,324

					747,879
Building Materials — 0.2%
USAGM HoldCo LLC:
2015 2nd Lien Term Loan, 9.50%, 7/28/23			490		471,625
2015 Term Loan, 4.75%, 7/28/22			986		942,843

					1,414,468
Building Products — 0.9%
Continental Building Products LLC,
1st Lien Term Loan, 4.00%, 8/28/20			677		671,139
CPG International, Inc., Term Loan, 4.75%, 9/30/20			1,618		1,565,734
GYP Holdings III Corp., 1st Lien Term Loan, 4.75%, 4/01/21			715		691,514
Hanson Building Products Ltd., 1st Lien Term Loan, 6.50%, 3/13/22			193		186,780
Jeld-Wen, Inc., Term Loan B, 5.25%, 10/15/21			1,017		1,013,182
Ply Gem Industries, Inc., Term Loan, 4.00%, 2/01/21			634		623,713
Wilsonart LLC, Term Loan B, 4.00%, 10/31/19			797		779,014

					5,531,076
Capital Markets — 0.3%
Affinion Group, Inc., Term Loan B, 6.75%, 4/30/18			517		480,832
American Capital Holdings, Inc.,
2017 Term Loan, 3.50%, 8/22/17			570		568,349



BLACKROCK LIMITED DURATION INCOME TRUST	NOVEMBER 30, 2015	13


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


Floating Rate Loan Interests (c)		Par (000)		Value
Capital Markets (continued)
RPI Finance Trust, Term Loan B4, 3.50%, 11/09/20	USD		1,134	$	1,123,419

					2,172,600
Chemicals — 1.1%
Axalta Coating Systems US Holdings, Inc., Term Loan, 3.75%, 2/01/20			642		634,910
Evergreen Acqco 1 LP, Term Loan, 5.00%, 7/09/19			47		38,344
Ineos US Finance LLC, 6 Year Term Loan, 3.75%, 5/04/18			542		531,085
Chemicals (continued)
MacDermid, Inc.:
1st Lien Term Loan, 4.50%, 6/07/20			655		634,459
Term Loan B3, 1.00%, 6/07/20			505		490,956
OXEA Finance LLC:
2nd Lien Term Loan, 9.50%, 7/15/20			705		635,677
Term Loan B2, 4.25%, 1/15/20			666		636,412
Royal Holdings, Inc.:
2015 1st Lien Term Loan, 4.50%, 6/19/22			663		657,202
2015 2nd Lien Term Loan, 8.50%, 6/19/23			535		530,094
Solenis International LP:
1st Lien Term Loan, 4.25%, 7/31/21			515		503,541
2nd Lien Term Loan, 7.75%, 7/31/22			1,050		952,875
Tata Chemicals North America, Inc., Term Loan B, 3.75%, 8/07/20			590		572,115

					6,817,670
Commercial Services & Supplies — 1.4%
ADS Waste Holdings, Inc., Term Loan, 3.75%, 10/09/19			462		451,308
ARAMARK Corp., Term Loan F, 3.25%, 2/24/21			459		453,963
Brand Energy & Infrastructure Services, Inc., Term Loan B, 4.75%, 11/26/20			799		736,596
Catalent Pharma Solutions, Inc., Term Loan B, 4.25%, 5/20/21			987		975,205
Connolly Corp.:
1st Lien Term Loan, 4.50%, 5/14/21			792		779,961
2nd Lien Term Loan, 8.00%, 5/14/22			500		495,415


Floating Rate Loan Interests (c)	Par (000)			Value
Commercial Services & Supplies (continued)
Koosharem LLC, Exit Term Loan, 7.50%, 5/15/20		USD	1,852	$	1,809,971
Livingston International, Inc., 1st Lien Term Loan, 5.00%, 4/18/19			334		311,297
Spin Holdco, Inc., Term Loan B, 4.25%, 11/14/19			1,540		1,495,401
Waste Industries USA, Inc., Term Loan B, 4.25%, 2/27/20			378		377,292
West Corp., Term Loan B10, 3.25%, 6/30/18			500		491,875

					8,378,284
Communications Equipment — 0.9%
Applied Systems, Inc.:
1st Lien Term Loan, 4.25%, 1/25/21			674		661,893
2nd Lien Term Loan, 7.50%, 1/24/22			265		254,069
Avaya, Inc., Term Loan B7, 6.25%, 5/29/20			807		610,182
CommScope, Inc., Term Loan B5, 3.75%, 12/29/22			500		493,595
Riverbed Technology, Inc., Term Loan B, 6.00%, 4/24/22			260		259,103
Telesat Canada, Term Loan A, 3.89%, 3/24/17		CAD	1,422		1,060,910
Zayo Group LLC, Term Loan B, 3.75%, 5/06/21		USD	1,970		1,945,333

					5,285,085
Construction Materials — 0.0%
Beacon Roofing Supply, Inc., Term Loan B, 4.00%, 10/01/22			260		258,375
Containers & Packaging — 0.3%
Ardagh Holdings USA, Inc., Incremental Term Loan, 4.00%, 12/17/19			559		553,521
Berry Plastics Holding Corp.:
Term Loan E, 3.75%, 1/06/21			454		448,837
Term Loan F, 4.00%, 10/01/22			989		981,364

					1,983,722
Distributors — 0.1%
ABC Supply Co., Inc., Term Loan, 3.50%, 4/16/20			594		589,138
American Tire Distributors Holdings, Inc., 2015 Term Loan, 5.25%, 9/01/21			224		223,781

					812,919



BLACKROCK LIMITED DURATION INCOME TRUST	NOVEMBER 30, 2015	14


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


Floating Rate Loan Interests (c)		Par (000)		Value
Diversified Consumer Services — 0.8%
Allied Security Holdings LLC:
1st Lien Term Loan, 4.25%, 2/12/21	USD		510	$	498,423
2nd Lien Term Loan, 8.00%, 8/13/21			500		471,250
Bright Horizons Family Solutions, Inc., Term Loan B, 4.00%, 1/30/20			1,198		1,195,529
ROC Finance LLC, Term Loan, 5.00%, 6/20/19			617		579,393
ServiceMaster Co., 2014 Term Loan B, 4.25%, 7/01/21			2,198		2,182,788

					4,927,383
Diversified Financial Services — 0.7%
AlixPartners LLP, 2015 Term Loan B, 4.50%, 7/28/22			805		798,463
AssuredPartners, Inc., 2015 1st Lien Term Loan, 5.75%, 10/21/22			575		571,406
Onex Wizard US Acquisition, Inc., Term Loan, 4.25%, 3/13/22			698		691,885
Reynolds Group Holdings, Inc., Dollar Term Loan, 4.50%, 12/01/18			914		909,283
SAM Finance Luxembourg Sarl, Term Loan, 4.25%, 12/17/20			175		174,836
TransFirst, Inc.:
2014 2nd Lien Term Loan, 9.00%, 11/12/22			350		344,166
Incremental Term Loan B, 4.75%, 11/12/21			574		568,540

					4,058,579
Diversified Telecommunication Services — 1.2%
Altice Financing SA, Delayed Draw Term Loan, 5.50%, 7/02/19			1,027		1,027,386
Cequel Communications LLC, Term Loan B, 1.00%, 2/14/19			565		556,525
Hawaiian Telcom Communications, Inc., Term Loan B, 5.00%, 6/06/19			705		699,365
Integra Telecom, Inc.:
2015 1st Lien Term Loan, 5.25%, 8/14/20			846		821,895
2nd Lien Term Loan, 9.75%, 2/21/20			360		351,775
Level 3 Financing, Inc.:
2013 Term Loan B, 4.00%, 1/15/20			3,040		3,034,680
2019 Term Loan, 4.00%, 8/01/19			659		657,236


Floating Rate Loan Interests (c)		Par (000)		Value
Diversified Telecommunication Services (continued)
Virgin Media Investment Holdings Ltd., Term Loan F, 3.50%, 6/30/23	USD		576	$	566,845

					7,715,707
Electrical Equipment — 0.2%
Texas Competitive Electric Holdings Co. LLC:
DIP Term Loan, 3.75%, 11/07/16			668		665,399
Extended Term Loan, 4.68%, 10/10/17 (a)(b)			1,780		603,420

					1,268,819
Electronic Equipment, Instruments & Components — 0.1%
CDW LLC, Term Loan, 3.25%, 4/29/20			329		316,487
Energy Equipment & Services — 0.3%
Dynegy Holdings, Inc., Term Loan B2, 4.00%, 4/23/20			916		896,991
MEG Energy Corp., Refinancing Term Loan, 3.75%, 3/31/20			997		935,700

					1,832,691
Food & Staples Retailing — 0.5%
Hostess Brands LLC:
1st Lien Term Loan, 4.50%, 8/03/22			930		924,959
2nd Lien Term Loan, 8.50%, 8/03/23			30		30,085
New Albertson’s, Inc., Term Loan, 4.75%, 6/27/21			624		618,130
Rite Aid Corp., 2nd Lien Term Loan, 5.75%, 8/21/20			240		240,701
Supervalu, Inc., Refinancing Term Loan B, 4.50%, 3/21/19			344		342,580
US Foods, Inc., Refinancing Term Loan, 4.50%, 3/31/19			1,049		1,038,898

					3,195,353
Food Products — 0.7%
Diamond Foods, Inc., Term Loan, 4.25%, 8/20/18			768		765,163
Dole Food Co., Inc., Term Loan B, 4.50%, 11/01/18			551		547,651
Pabst Brewing Co., Inc., Term Loan, 5.75%, 10/21/21			571		568,734
Performance Food Group Co., 2nd Lien Term Loan, 6.25%, 11/14/19			714		711,797
Pinnacle Foods Finance LLC, Term Loan G, 3.00%, 4/29/20			438		433,081



BLACKROCK LIMITED DURATION INCOME TRUST	NOVEMBER 30, 2015	15


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


Floating Rate Loan Interests (c)		Par (000)		Value
Food Products (continued)
Reddy Ice Corp.:
1st Lien Term Loan, 6.75%, 5/01/19	USD		654	$	538,089
2nd Lien Term Loan, 10.75%, 11/01/19			1,380		828,000

					4,392,515
Health Care Equipment & Supplies — 1.4%
Alere, Inc., 2015 Term Loan B, 4.25%, 6/18/22			889		877,158
Auris Luxembourg III Sarl, Term Loan B4, 4.25%, 1/15/22			550		545,875
Capsugel Holdings US, Inc., Term Loan B, 3.50%, 8/01/18			769		764,469
DJO Finance LLC, 2015 Term Loan, 4.25%, 6/08/20			1,157		1,129,133
Hill-Rom Holdings, Inc., Term Loan B, 3.50%, 9/08/22			975		972,358
Iasis Healthcare LLC, Term Loan B2, 1.00%, 5/03/18			443		436,537
Immucor, Inc., Refinancing Term Loan B2, 5.00%, 8/17/18			1,025		986,649
Leonardo Acquisition Corp., Term Loan, 4.25%, 1/31/21			575		565,898
Millennium Health LLC, Term Loan B, 5.25%, 4/16/21 (a)(b)			851		340,454
National Vision, Inc., 1st Lien Term Loan, 4.00%, 3/12/21			1,187		1,154,520
Ortho-Clinical Diagnostics, Inc., Term Loan B, 4.75%, 6/30/21			721		675,809

					8,448,860
Health Care Providers & Services — 2.4%
Acadia Healthcare Co., Inc., Term Loan B, 4.25%, 2/11/22			236		236,609
Air Medical Group Holdings, Inc., Term Loan B, 4.50%, 4/28/22			198		193,789
Amsurg Corp., 1st Lien Term Loan B, 3.50%, 7/16/21			904		896,012
CHG Healthcare Services, Inc., Term Loan, 4.25%, 11/19/19			803		791,616
Community Health Systems, Inc.:
Term Loan F, 3.48%, 12/31/18			570		558,765
Term Loan G, 3.75%, 12/31/19			1,126		1,100,642
Term Loan H, 4.00%, 1/27/21			617		606,594
Curo Health Services LLC, 2015 1st Lien Term Loan, 6.50%, 2/07/22			796		792,522
DaVita HealthCare Partners, Inc., Term Loan B, 3.50%, 6/24/21			2,061		2,049,561


Floating Rate Loan Interests (c)		Par (000)		Value
Health Care Providers & Services (continued)
Envision Healthcare Corp., Term Loan:
4.25%, 5/25/18	USD		440	$	438,566
5.13%, 7/01/22 (d)			125		120,000
B2, 3.88%, 10/28/22			355		352,891
Genesis HealthCare Corp., Term Loan B, 10.00%, 12/04/17			888		896,457
HCA, Inc., Term Loan B5, 2.98%, 3/31/17			600		599,400
MPH Acquisition Holdings LLC, Term Loan, 3.75%, 3/31/21			629		611,162
Sterigenics-Nordion Holdings LLC, 2015 Term Loan B, 4.25%, 5/15/22			975		957,938
Surgery Center Holdings, Inc., 1st Lien Term Loan, 5.25%, 11/03/20			402		398,840
Surgical Care Affiliates, Inc., Term Loan B, 4.25%, 3/17/22			719		713,260
Team Health, Inc., Term Loan B, 1.00%, 11/06/22			1,000		992,500
U.S. Renal Care, Inc.:
2013 Term Loan, 4.25%, 7/03/19			738		734,766
2015 Term Loan B, 1.00%, 11/06/22			465		461,513

					14,503,403
Health Care Technology — 0.1%
IMS Health, Inc., Term Loan, 3.50%, 3/17/21			700		691,873
Hotels, Restaurants & Leisure — 2.4%
Amaya Holdings BV:
1st Lien Term Loan, 5.00%, 8/01/21			538		514,673
2nd Lien Term Loan, 8.00%, 8/01/22			346		341,428
Boyd Gaming Corp., Term Loan B, 4.00%, 8/14/20			429		426,602
Bronco Midstream Funding LLC, Term Loan B, 5.00%, 8/15/20			1,135		1,027,301
Burger King Newco Unlimited Liability Co., 2015 Term Loan B, 3.75%, 12/12/21			1,234		1,225,643
Caesars Entertainment Resort Properties LLC, Term Loan B, 7.00%, 10/11/20			2,357		2,199,653
CCM Merger, Inc., Term Loan B, 4.50%, 8/08/21			699		694,687
Eldorado Resorts LLC, Term Loan B, 4.25%, 7/13/22			574		569,978



BLACKROCK LIMITED DURATION INCOME TRUST	NOVEMBER 30, 2015	16


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


Floating Rate Loan Interests (c)		Par (000)		Value
Hotels, Restaurants & Leisure (continued)
Hilton Worldwide Finance LLC, Term Loan B2, 3.50%, 10/26/20	USD		480	$	477,607
Intrawest ULC, Term Loan, 4.75%, 12/09/20			604		602,352
La Quinta Intermediate Holdings LLC, Term Loan B, 3.75%, 4/14/21			1,548		1,517,609
MGM Resorts International, Term Loan B, 3.50%, 12/20/19			1,056		1,049,339
Pinnacle Entertainment, Inc., Term Loan B2, 3.75%, 8/13/20			290		289,460
RHP Hotel Properties LP, Term Loan B, 3.50%, 1/15/21			550		546,563
Sabre, Inc.:
Incremental Term Loan, 4.00%, 2/19/19			392		389,307
Term Loan B, 4.00%, 2/19/19			554		549,824
Scientific Games International, Inc., 2014 Term Loan B1, 6.00%, 10/18/20			759		702,650
Station Casinos LLC, Term Loan B, 4.25%, 3/02/20			1,392		1,380,534

					14,505,210
Household Durables — 0.1%
Jarden Corp., 2015 Term Loan B2, 2.98%, 7/30/22			500		499,195
Household Products — 0.3%
Bass Pro Group LLC, 2015 Term Loan, 4.00%, 6/05/20			636		595,507
Spectrum Brands, Inc., Term Loan, 3.50%, 6/23/22			1,121		1,118,981

					1,714,488
Independent Power and Renewable Electricity Producers — 0.8%
Calpine Corp.:
Term Loan B5, 3.50%, 5/27/22			1,464		1,423,816
Term Loan B6, 1.00%, 1/13/23			275		272,250
Energy Future Intermediate Holding Co. LLC, DIP Term Loan, 4.25%, 6/19/16			1,313		1,307,802
Granite Acquisition, Inc.:
Term Loan B, 5.00%, 12/19/21			1,108		1,030,047
Term Loan C, 5.00%, 12/19/21			49		45,665
NRG Energy, Inc., Refinancing Term Loan B, 2.75%, 7/02/18			600		584,796

					4,664,376


Floating Rate Loan Interests (c)		Par (000)		Value
Industrial Conglomerates — 0.0%
Sequa Corp., Term Loan B, 5.25%, 6/19/17	USD		276	$	199,646
Insurance — 0.4%
Asurion LLC, Term Loan B1, 5.00%, 5/24/19			560		526,934
Cooper Gay Swett & Crawford of Delaware Holding Corp., 1st Lien Term Loan, 5.00%, 4/16/20			922		881,022
Sedgwick Claims Management Services, Inc.:
1st Lien Term Loan, 3.75%, 3/01/21			813		786,314
Sedgwick Claims Management Services, Inc. (continued):
2nd Lien Term Loan, 6.75%, 2/28/22			665		610,689

					2,804,959
Internet Software & Services — 0.4%
Go Daddy Operating Co. LLC, Term Loan B, 4.25%, 5/13/21			795		791,074
Interactive Data Corp., 2014 Term Loan, 4.75%, 5/02/21			1,753		1,748,413

					2,539,487
IT Services — 1.0%
Blue Coat Holdings, Inc., 2015 Term Loan, 4.50%, 5/20/22			1,185		1,150,197
Epicor Software Corp., 1st Lien Term Loan, 4.75%, 6/01/22			988		968,308
First Data Corp., 2018 Extended Term Loan, 3.71%, 3/24/18			3,587		3,546,345
Vantiv LLC, 2014 Term Loan B, 3.75%, 6/13/21			802		800,653

					6,465,503
Machinery — 0.3%
Mueller Water Products, Inc., Term Loan B, 4.00%, 11/25/21			303		302,525
Rexnord LLC, 1st Lien Term Loan B, 4.00%, 8/21/20			643		627,720
Silver II US Holdings LLC, Term Loan, 4.00%, 12/13/19			795		696,126

					1,626,371
Media — 2.8%
Cengage Learning Acquisitions, Inc.:
1st Lien Term Loan, 7.00%, 3/31/20			1,494		1,469,610
Term Loan, 0.00%, 7/03/16 (a)(b)			2,005		—



BLACKROCK LIMITED DURATION INCOME TRUST	NOVEMBER 30, 2015	17


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


Floating Rate Loan Interests (c)		Par (000)		Value
Media (continued)
Charter Communications Operating LLC, Term Loan I, 3.50%, 1/24/23	USD		2,585	$	2,578,072
Clear Channel Communications, Inc., Term Loan D, 6.98%, 1/30/19			1,818		1,311,238
Houghton Mifflin Harcourt Publishing Co., 2015 Term Loan B, 4.00%, 5/31/21			1,123		1,075,643
Intelsat Jackson Holdings SA, Term Loan B2, 3.75%, 6/30/19			649		605,954
Media General, Inc., Term Loan B, 4.00%, 7/31/20			568		563,879
Neptune Finco Corp., 2015 Term Loan B, 5.00%, 10/09/22			1,255		1,250,520
Numericable U.S. LLC:
Term Loan B1, 4.50%, 5/21/20			1,098		1,073,521
Term Loan B2, 4.50%, 5/21/20			950		928,742
Term Loan B6, 4.75%, 1/31/23			655		640,675
SBA Senior Finance II LLC, Incremental Term Loan B, 3.25%, 6/10/22			349		344,761
Tribune Media Co., Term Loan, 3.75%, 12/27/20			806		800,739
TWCC Holding Corp., Term Loan B1, 5.75%, 2/11/20			861		859,780
Univision Communications, Inc., Term Loan C4, 4.00%, 3/01/20			1,582		1,556,369
Virgin Media Investment Holdings Ltd., Term Loan E, 4.25%, 6/30/23	GBP		305		453,572
WideOpenWest Finance LLC, 2015 Term Loan B, 4.50%, 4/01/19	USD		749		728,820
Ziggo Financing Partnership:
Term Loan B1, 3.50%, 1/15/22			374		365,117
Term Loan B2A, 3.50%, 1/15/22			255		249,045
Term Loan B3, 3.50%, 1/15/22			420		409,588

					17,265,645
Metals & Mining — 0.2%
Ameriforge Group, Inc., 2nd Lien Term Loan, 8.75%, 12/19/20			255		11,156
Novelis, Inc., 2015 Term Loan B, 4.00%, 6/02/22			1,083		1,050,567

					1,061,723


Floating Rate Loan Interests (c)		Par (000)		Value
Multiline Retail — 0.8%
BJ’s Wholesale Club, Inc.:
1st Lien Term Loan, 4.50%, 9/26/19	USD		815	$	797,884
2nd Lien Term Loan, 8.50%, 3/26/20			575		548,648
Dollar Tree, Inc., Term Loan B1, 3.50%, 7/06/22			2,326		2,315,432
Hudson’s Bay Co., 2015 Term Loan B, 4.75%, 9/30/22			376		373,465
Neiman Marcus Group, Inc., 2020 Term Loan, 4.25%, 10/25/20			824		769,586

					4,805,015
Oil, Gas & Consumable Fuels — 0.8%
CITGO Holding, Inc., 2015 Term Loan B, 9.50%, 5/12/18			304		304,387
Drillships Financing Holding, Inc., Term Loan B1, 6.00%, 3/31/21			514		257,304
EP Energy LLC/Everest Acquisition Finance, Inc., Term Loan B3, 3.50%, 5/24/18			752		677,755
Offshore Group Investment Ltd., Term Loan B, 5.75%, 3/28/19			111		30,763
Panda Patriot LLC, Term Loan B1, 6.75%, 12/19/20			645		606,300
Power Buyer LLC, 2nd Lien Term Loan, 8.25%, 11/06/20			275		262,798
Samchully Midstream 3 LLC, Term Loan B, 5.75%, 10/20/21			997		905,197
Seventy Seven Operating LLC, Term Loan B, 3.75%, 6/25/21			104		80,782
Southcross Energy Partners LP, 1st Lien Term Loan, 5.25%, 8/04/21			454		381,570
Southcross Holdings Borrower LP, Term Loan B, 6.00%, 8/04/21			365		251,195
Veresen Midstream Limited Partnership, Term Loan B1, 5.25%, 3/31/22			728		731,064
WTG Holdings III Corp., 1st Lien Term Loan, 4.75%, 1/15/21			295		291,434

					4,780,549
Personal Products — 0.1%
Prestige Brands, Inc., Term Loan B3, 3.50%, 9/03/21			550		547,250
Pharmaceuticals — 1.9%
Akorn, Inc., Term Loan B, 6.00%, 4/16/21			782		747,835
Amneal Pharmaceuticals LLC, Term Loan, 4.50%, 11/01/19			700		686,000



BLACKROCK LIMITED DURATION INCOME TRUST	NOVEMBER 30, 2015	18


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


Floating Rate Loan Interests (c)		Par (000)		Value
Pharmaceuticals (continued)
Endo Luxembourg Finance Co. I Sarl, 2015 Term Loan B, 3.75%, 9/26/22	USD		1,405	$	1,380,412
Grifols Worldwide Operations USA, Inc., Term Loan B, 3.23%, 2/27/21			1,625		1,610,549
Horizon Pharma Holdings USA, Inc., Term Loan B, 4.50%, 5/07/21			159		139,841
Jaguar Holding Co. II, 2015 Term Loan B, 4.25%, 8/18/22			2,011		1,955,815
JLL/Delta Dutch Newco BV, 2014 Incremental Term Loan, 4.25%, 3/11/21			1,167		1,128,393
Mallinckrodt International Finance SA, Term Loan B, 3.25%, 3/19/21			354		338,848
Valeant Pharmaceuticals International, Inc.:
Series C2 Term Loan B, 3.75%, 12/11/19			478		449,904
Series E Term Loan B, 3.75%, 8/05/20			721		677,440
Term Loan B F1, 4.00%, 4/01/22			2,765		2,606,815

					11,721,852
Professional Services — 1.2%
Acosta Holdco, Inc., 2015 Term Loan, 4.25%, 9/26/21			499		476,717
Advantage Sales & Marketing, Inc.:
2014 1st Lien Term Loan, 4.25%, 7/23/21			600		579,648
2014 2nd Lien Term Loan, 7.50%, 7/25/22			605		550,248
Emdeon Business Services LLC, Term Loan B2, 3.75%, 11/02/18			1,052		1,039,706
ON Assignment, Inc., 2015 Term Loan, 3.75%, 6/05/22			652		650,175
SIRVA Worldwide, Inc., Term Loan, 7.50%, 3/27/19			1,016		977,482
Sterling Infosystems, Inc., 1st Lien Term Loan B, 4.50%, 6/20/22			700		693,441
TransUnion LLC, Term Loan B2, 3.50%, 4/09/21			1,556		1,515,058
Truven Health Analytics, Inc., Term Loan B, 4.50%, 6/06/19			702		685,763

					7,168,238


Floating Rate Loan Interests (c)		Par (000)		Value
Real Estate Investment Trusts (REITs) — 0.0%
Communications Sales & Leasing, Inc., Term Loan B, 5.00%, 10/24/22	USD		254	$	234,649
Real Estate Management & Development — 0.5%
CityCenter Holdings LLC, Term Loan B, 4.25%, 10/16/20			941		934,266
DTZ US Borrower LLC, 2015 1st Lien Term Loan, 4.25%, 11/04/21			1,012		993,479
Realogy Corp.:
Extended Letter of Credit, 2.22%, 10/10/16			47		46,149
Term Loan B, 3.75%, 3/05/20			1,151		1,145,209

					3,119,103
Road & Rail — 0.4%
Hertz Corp., Term Loan B2, 3.00%, 3/11/18			1,197		1,179,731
Road Infrastructure Investment LLC:
1st Lien Term Loan, 4.25%, 3/31/21			492		477,580
2nd Lien Term Loan, 7.75%, 9/30/21			675		641,250

					2,298,561
Semiconductors & Semiconductor Equipment — 1.2%
Avago Technologies Cayman Ltd., Term Loan B:
2015, 1.00%, 11/06/22			3,365		3,328,826
3.75%, 5/06/21			1,496		1,493,646
Freescale Semiconductor, Inc.:
Term Loan B4, 4.25%, 2/28/20			711		709,203
Term Loan B5, 5.00%, 1/15/21			372		371,968
NXP BV, 2015 Term Loan B, 1.00%, 10/30/20			1,704		1,692,865

					7,596,508
Software — 1.2%
GCA Services Group, Inc.:
2nd Lien Term Loan, 9.25%, 10/22/20			310		303,800
Term Loan B, 4.25%, 11/01/19			253		251,945
Infor US, Inc., Term Loan B5, 3.75%, 6/03/20			865		823,611
Informatica Corp., Term Loan, 4.50%, 8/05/22			900		873,801
IQOR US, Inc., Term Loan B, 6.00%, 4/01/21			517		407,750



BLACKROCK LIMITED DURATION INCOME TRUST	NOVEMBER 30, 2015	19


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


Floating Rate Loan Interests (c)		Par (000)		Value
Software (continued)
Kronos, Inc.:
2nd Lien Term Loan, 9.75%, 4/30/20	USD		667	$	673,201
Initial Incremental Term Loan, 4.50%, 10/30/19			500		496,665
Mitchell International, Inc.:
1st Lien Term Loan, 4.50%, 10/12/20			615		601,886
2nd Lien Term Loan, 8.50%, 10/11/21			600		587,250
Sophia LP, 2015 Term Loan B, 4.75%, 9/30/22			360		356,342
SS&C Technologies, Inc.:
2015 Term Loan B1, 3.75%, 7/08/22			1,575		1,567,819
2015 Term Loan B2, 3.75%, 7/08/22			237		235,626
Tibco Software, Inc., Term Loan B, 6.50%, 12/04/20			64		58,641

					7,238,337
Specialty Retail — 0.8%
Michaels Stores, Inc.:
Incremental 2014 Term Loan B2, 4.00%, 1/28/20			688		681,648
Term Loan B, 3.75%, 1/28/20			598		592,265
Party City Holdings, Inc., 2015 Term Loan B, 4.25%, 8/19/22			1,220		1,189,805
Petco Animal Supplies, Inc., Term Loan, 4.00%, 11/24/17			881		878,873
PetSmart, Inc., Term Loan B, 4.25%, 3/11/22			1,377		1,350,889

					4,693,480
Technology Hardware, Storage & Peripherals — 0.2%
Dell International LLC, Term Loan B2, 4.00%, 4/29/20			997		991,618
Textiles, Apparel & Luxury Goods — 0.1%
Ascend Performance Materials LLC, Term Loan B, 6.75%, 4/10/18			630		583,097
Thrifts & Mortgage Finance — 0.1%
IG Investment Holdings LLC, Term Loan B, 6.00%, 10/29/21			846		841,582
Trading Companies & Distributors — 0.2%
HD Supply, Inc., 2015 Term Loan B, 3.75%, 8/13/21			1,300		1,285,700
Transportation — 0.1%
Gruden Acquisition, Inc., 1st Lien Term Loan, 5.75%, 8/18/22			500		481,875


Floating Rate Loan Interests (c)		Par (000)		Value
Transportation Infrastructure — 0.1%
Penn Products Terminals LLC, Term Loan B, 4.75%, 4/13/22	USD		550	$	508,750
Wireless Telecommunication Services — 0.5%
Lightsquared LP, Term Loan B, 0.00%, 1/01/16			382		591,547
LTS Buyer LLC, 1st Lien Term Loan, 4.00%, 4/13/20			1,515		1,485,292
T-Mobile USA, Inc., Term Loan B, 3.50%, 10/30/22			955		955,449

					3,032,288
Total Floating Rate Loan Interests — 34.2%					209,895,195


Foreign Agency Obligations
Cyprus Government International Bond, 4.63%, 2/03/20 (d)	EUR		2,600		2,956,243
Iceland Government International Bond:
4.88%, 6/16/16	USD		187		190,735
5.88%, 5/11/22			3,030		3,453,209
Portugal Government International Bond, 5.13%, 10/15/24 (d)			4,680		4,810,947
Total Foreign Agency Obligations — 1.9%					11,411,134


Non-Agency Mortgage-Backed Securities
Collateralized Mortgage Obligations — 2.2%
Countrywide Alternative Loan Trust, Series 2005-54CB, Class 3A4, 5.50%, 11/25/35			4,061		3,849,544
Countrywide Home Loan Mortgage Pass-Through Trust:
Series 2005-17, Class 1A6, 5.50%, 9/25/35			880		866,316
Series 2006-17, Class A2, 6.00%, 12/25/36			2,130		1,958,157
Series 2007-HY5, Class 3A1, 4.67%, 9/25/37 (c)			1,527		1,398,076
GSR Mortgage Loan Trust, Series 2005-AR5, Class 2A3, 2.76%, 10/25/35 (c)			1,434		1,270,132
Hilton USA Trust, Series 2013-HLT, Class EFX, 4.60%, 11/05/30 (c)(d)			4,162		4,178,481

					13,520,706



BLACKROCK LIMITED DURATION INCOME TRUST	NOVEMBER 30, 2015	20


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


Non-Agency Mortgage-Backed Securities		Par (000)		Value
Commercial Mortgage-Backed Securities — 11.3%
Banc of America Commercial Mortgage Trust, Series 2007-4, Class A4, 5.93%, 2/10/51 (c)	USD		1,492	$	1,569,388
Banc of America Merrill Lynch Commercial Mortgage Securities Trust, Series 2015-200P, Class C, 3.72%, 4/14/33 (c)(d)			5,310		5,215,939
Citigroup Commercial Mortgage Trust \, Series 2015-SSHP, Class D, 3.25%, 9/15/17 (c)(d)			2,825		2,775,317
Commercial Mortgage Pass- Through Certificates (c)(d):
Series 2013-LC13, Class D, 5.21%, 8/10/46			3,530		3,380,965
Series 2014-KYO, Class F, 3.70%, 6/11/27			1,355		1,338,177
Commercial Mortgage Pass- Through Certificates (c)(d) (continued):
Series 2014-PAT, Class E, 3.35%, 8/13/27			1,000		989,413
Series 2014-PAT, Class F, 2.64%, 8/13/27			2,000		1,915,053
Commercial Mortgage Trust:
Series 2013-LC6, Class B, 3.74%, 1/10/46			1,110		1,134,439
Series 2013-LC6, Class D, 4.43%, 1/10/46 (c)(d)			1,330		1,252,889
Series 2015-3BP, Class A, 3.18%, 2/10/35 (d)			5,930		5,867,688
Series 2015-CR22, Class B, 3.93%, 3/10/48			5,000		5,029,104
Core Industrial Trust, Series 2015- TEXW, Class D, 3.98%, 2/10/34 (c)(d)			3,615		3,555,593
Credit Suisse Commercial Mortgage Trust, Series 2006-C5, Class AM, 5.34%, 12/15/39			1,850		1,909,368
Credit Suisse Mortgage Capital Certificates (c):
Series 2007-C2, Class A2, 5.45%, 1/15/49			5		5,002
Series 2007-C5, Class AAB, 5.62%, 9/15/40			529		540,475
CSAIL Commercial Mortgage Trust, Series 2015-C1, Class B, 4.04%, 4/15/50			890		903,295
GAHR Commericial Mortgage Trust, Series 2015-NRF (c)(d):
Class DFX, 3.49%, 12/15/19			4,830		4,680,945
Class GFX, 3.49%, 12/15/19			2,500		2,296,001


Non-Agency Mortgage-Backed Securities		Par (000)		Value
Commercial Mortgage-Backed Securities (continued)
Goldman Sachs Mortgage Securities Trust, Series 2014- GSFL, Class D, 4.10%, 7/15/31 (c)(d)	USD		1,140	$	1,132,131
Greenwich Capital Commercial Funding Corp., Series 2006- GG7, Class AM, 6.02%, 7/10/38 (c)			1,610		1,632,966
GS Mortgage Securities Corp. II, Series 2013-GC10, Class B, 3.68%, 2/10/46 (d)			1,995		2,003,139
JPMBB Commercial Mortgage Securities Trust, Series 2013- C15, Class D, 5.25%, 11/15/45 (c)(d)			1,400		1,345,520
JPMorgan Chase Commercial Mortgage Securities Corp.:
Series 2004-LN2, Class A2, 5.12%, 7/15/41			71		70,888
Series 2007-CB19, Class A4, 5.88%, 2/12/49 (c)			2,127		2,210,779
Series 2012-LC9, Class XA, 2.02%, 12/15/47 (c)			14,362		1,118,866
JPMorgan Chase Commercial Mortgage Securities Trust, Series 2007-CB18, Class A4, 5.44%, 6/12/47			1,979		2,036,424
LB-UBS Commercial Mortgage Trust (c):
Series 2007-C2, Class AM, 5.49%, 2/15/40			2,500		2,585,958
Series 2007-C6, Class A4, 5.86%, 7/15/40			3,719		3,841,590
Merrill Lynch Mortgage Trust, Series 2007-C1, Class A1A, 6.03%, 6/12/50 (c)			1,376		1,423,376
Talisman Finance PLC, Series 6, Class A, 0.13%, 10/22/16 (c)	EUR		37		39,181
Wachovia Bank Commercial Mortgage Trust, Series 2007- C33, Class A4, 6.15%, 2/15/51 (c)	USD		1,926		1,999,773
WF-RBS Commercial Mortgage Trust:
Series 2012-C8, Class B, 4.31%, 8/15/45			1,085		1,135,087
Series 2012-C8, Class C, 5.04%, 8/15/45 (c)			1,395		1,466,054
Series 2014-C20, Class XA, 1.37%, 5/15/47 (c)			14,712		972,015

					69,372,798



BLACKROCK LIMITED DURATION INCOME TRUST	NOVEMBER 30, 2015	21


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


Non-Agency Mortgage-Backed Securities		Par (000)		Value
Interest Only Commercial Mortgage-Backed Securities — 0.2%
Commercial Mortgage Loan Trust, Series 2015-LC21, Class XA, 1.03%, 7/10/48 (c)	USD		16,230	$	852,797
Total Non-Agency Mortgage-Backed Securities — 13.7%					83,746,301



Other Interests (k)		Beneficial Interest (000)
Auto Components — 0.0%
Lear Corp. Escrow, 0.00%			1,000		8,750
Construction Materials — 0.0%
USI Senior Holdings, 0.00%			6		135,533
Total Other Interests — 0.0%					144,283




Preferred Securities
Capital Trusts		Par (000)
Banks — 0.9%
Bank of America Corp., Series AA, 6.10% (c)(e)(i)			1,241		1,247,981
Citigroup, Inc., 5.95% (c)(e)(i)			1,370		1,347,737
Wells Fargo & Co., Series S, 5.90% (c)(e)(i)			3,000		3,056,250

					5,651,968
Capital Markets — 0.7%
Credit Suisse Group AG, 6.25% (c)(d)(e)(i)			1,445		1,440,376
Morgan Stanley, Series H, 5.45% (c)(e)(i)			1,426		1,404,610
State Street Corp., Series F, 5.25% (c)(e)(i)			1,625		1,633,044

					4,478,030
Consumer Finance — 0.5%
Capital One Financial Corp., Series E, 5.55% (c)(e)(i)			3,000		3,022,500
Diversified Financial Services — 4.4%
Bank of America Corp., Series U, 5.20% (c)(e)(i)			1,250		1,169,525
Bank of America Corp., Series X, 6.25% (c)(e)(i)			1,929		1,957,356
Citigroup, Inc., 5.90% (c)(e)(i)			5,000		4,931,250
Citigroup, Inc., Series R, 6.13% (c)(i)			1,575		1,599,609


Capital Trusts		Par (000)		Value
Diversified Financial Services (continued)
Goldman Sachs Group, Inc., Series M, 5.38% (c)(e)(i)	USD		1,730	$	1,727,838
JPMorgan Chase & Co., Series U, 6.13% (c)(e)(i)			6,690		6,764,794
JPMorgan Chase & Co., Series V, 5.00% (c)(e)(i)			3,000		2,880,000
Macquarie Bank Ltd., 10.25%, 6/20/57 (c)			1,450		1,562,018
Societe Generale SA, 6.00% (c)(d)(e)(i)			4,825		4,561,536

					27,153,926
Insurance — 2.4%
Hartford Financial Services Group, Inc., 8.13%, 6/15/68 (c)(e)			2,500		2,768,750
Liberty Mutual Group, Inc., 7.00%, 3/07/67 (c)(d)(e)			1,575		1,496,250
Liberty Mutual Group, Inc., 7.80%, 3/07/87 (d)(e)			1,500		1,755,000
MetLife, Inc., 5.25% (c)(e)(i)			1,600		1,610,000
Prudential Financial, Inc., 5.63%, 6/15/43 (c)(e)			3,250		3,380,000
Voya Financial, Inc., 5.65%, 5/15/53 (c)(e)			3,500		3,526,250

					14,536,250
Total Capital Trusts — 8.9%					54,842,674



Preferred Stocks		Shares
Capital Markets — 1.5%
CF-B L2 (D) LLC, 0.00%			116,870		119,009
Goldman Sachs Group, Inc., Series J, 5.50% (c)(i)			202,526		5,105,680
Morgan Stanley, 6.88% (c)(i)			120,000		3,314,400
SCE Trust III, 5.75% (c)(i)			21,200		592,116

					9,131,205
Consumer Finance — 0.0%
Ally Financial, Inc., Series A, 8.50% (c)(i)			3,610		93,138
Total Preferred Stocks — 1.5%					9,224,343



Trust Preferred — 0.4%
Diversified Financial Services — 0.4%
GMAC Capital Trust I, Series 2, 8.13%, 2/15/40			105,753		2,687,155
Total Preferred Securities — 10.8%					66,754,172



BLACKROCK LIMITED DURATION INCOME TRUST	NOVEMBER 30, 2015	22


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


U.S. Government Sponsored Agency Securities		Par (000)		Value
Interest Only Collateralized Mortgage Obligations — 0.8%
Fannie Mae Mortgage-Backed Securities, Series 2012-M9, Class X1, 4.19%, 12/25/17 (c)	USD		15,601	$	883,611
Freddie Mac Mortgage-Backed Securities, Class X1 (c):
Series K042, 1.19%, 12/25/24			34,985		2,709,489
Series K707, 1.68%, 12/25/18			41,735		1,675,429

					5,268,529
Mortgage-Backed Securities — 0.6%
Fannie Mae Mortgage-Backed Securities, 5.00%, 7/1/20 - 8/1/23			3,330		3,497,160
Total U.S. Government Sponsored Agency Securities — 1.4%					8,765,689


Warrants — 0.0%		Shares
Software — 0.0%
HMH Holdings/EduMedia (Issued/exercisable 3/09/10, 19 Shares for 1 Warrant, Expires 6/22/19, Strike Price $42.27), 0.00% (a)			3,100		20,911


			Value
Total Long-Term Investments (Cost — $866,114,034) — 136.7%			$	839,015,258



Short-Term Securities	Shares
BlackRock Liquidity Funds, TempFund, Institutional Class, 0.14% (l)(m)		15,973,696		15,973,696
Total Short-Term Securities (Cost — $15,973,696) — 2.6%				15,973,696
Options Purchased (Cost — $87,816) — 0.0%				25,085
Total Investments Before Options Written *(Cost — $882,175,546) — 139.3%**				855,014,039
Options Written (Premiums Received — $33,890) — (0.0)%				(12,220	)
Total Investments, Net of Options Written (Cost — $882,141,656) — 139.3%				855,001,819
Liabilities in Excess of Other Assets — (39.3)%				(241,011,089	)

Net Assets — 100.0%			$	613,990,730

As of November 30, 2015, gross unrealized appreciation and depreciation based on cost for federal income tax purposes were as follows:


Tax cost	$	884,510,020

Gross unrealized appreciation	$	10,247,231
Gross unrealized depreciation		(39,743,212	)

Net unrealized depreciation	$	(29,495,981	)


Notes to Schedule of Investments

(a)

Non-income producing security.

(b)

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

(c)

Variable rate security. Rate shown is as of period end.

(d)

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.

(e)

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

(f)

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.

(g)

Zero-coupon bond.

(h)

Convertible security.

(i)

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

(j)

When-issued security.

(k)

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

(l)

During the period ended November 30, 2015, investments in issuers considered to be an affiliate of the Fund for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:



BLACKROCK LIMITED DURATION INCOME TRUST	NOVEMBER 30, 2015	23


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

Affiliate

Shares Held at
August 31, 2015

Net

Activity

Shares Held at
November 30, 2015

Income

BlackRock Liquidity Funds, TempFund, Institutional Class

5,757,976

10,215,720

15,973,696

2,887

(m)

Represents the current yield as of period end.

Reverse Repurchase Agreements


Counterparty	Interest Rate			Trade Date		Maturity Date¹	Face Value		Face Value Including Accrued Interest
Barclays Capital, Inc.		0.35	%		2/28/14	Open	$	3,202,000	$	3,222,101
Barclays Capital, Inc.		0.60	%		5/18/14	Open		1,244,000		1,255,445
Barclays Capital, Inc.		0.60	%		7/02/14	Open		1,288,000		1,298,803
UBS Securities LLC		0.48	%		9/22/14	Open		2,610,000		2,625,103
UBS Securities LLC		0.50	%		9/22/14	Open		4,400,000		4,426,522
UBS Securities LLC		0.50	%		9/22/14	Open		4,071,094		4,095,633
UBS Securities LLC		0.40	%		12/18/14	Open		2,857,500		2,868,549
UBS Securities LLC		0.50	%		12/18/14	Open		1,234,955		1,240,924
Credit Suisse Securities (USA) LLC		0.45	%		12/19/14	Open		1,309,000		1,315,254
Credit Suisse Securities (USA) LLC		0.45	%		12/19/14	Open		5,929,000		5,957,327
Deutsche Bank Securities, Inc.		0.60	%		1/13/15	Open		1,523,000		1,531,173
HSBC Securities (USA), Inc.		0.40	%		3/19/15	Open		1,467,857		1,472,049
HSBC Securities (USA), Inc.		0.40	%		3/19/15	Open		3,445,714		3,455,554
Deutsche Bank Securities, Inc.		0.60	%		3/25/15	Open		1,246,000		1,251,192
Deutsche Bank Securities, Inc.		0.60	%		3/25/15	Open		941,000		944,921
Deutsche Bank Securities, Inc.		0.60	%		3/25/15	Open		1,541,000		1,547,421
Deutsche Bank Securities, Inc.		0.60	%		3/25/15	Open		1,082,000		1,086,508
HSBC Securities (USA), Inc.		0.40	%		3/25/15	Open		818,594		820,877
HSBC Securities (USA), Inc.		0.55	%		3/30/15	Open		525,000		526,965
HSBC Securities (USA), Inc.		0.55	%		3/30/15	Open		2,478,000		2,487,275
HSBC Securities (USA), Inc.		0.55	%		3/30/15	Open		3,487,000		3,500,052
HSBC Securities (USA), Inc.		0.55	%		3/31/15	Open		2,857,000		2,867,694
Deutsche Bank Securities, Inc.		0.70	%		4/17/15	Open		1,750,000		1,757,758
Deutsche Bank Securities, Inc.		0.70	%		4/22/15	Open		1,095,000		1,099,748
Deutsche Bank Securities, Inc.		0.65	%		4/23/15	Open		2,148,000		2,156,610
Deutsche Bank Securities, Inc.		0.70	%		4/23/15	Open		1,489,000		1,495,428
BNP Paribas Securities Corp.		0.71	%		4/28/15	Open		1,315,000		1,319,756
Deutsche Bank Securities, Inc.		0.60	%		5/06/15	Open		678,283		680,645
Deutsche Bank Securities, Inc.		0.60	%		5/06/15	Open		1,392,000		1,396,849
Credit Suisse Securities (USA) LLC		0.45	%		5/14/15	Open		907,156		909,689
Deutsche Bank Securities, Inc.		0.70	%		5/21/15	Open		2,696,000		2,706,170
Deutsche Bank Securities, Inc.		0.70	%		5/21/15	Open		1,443,000		1,448,443
HSBC Securities (USA), Inc.		0.40	%		5/21/15	Open		2,815,625		2,821,694



BLACKROCK LIMITED DURATION INCOME TRUST	NOVEMBER 30, 2015	24


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

Reverse Repurchase Agreements (continued)


Counterparty	Interest Rate			Trade Date		Maturity Date¹	Face Value		Face Value Including Accrued Interest
HSBC Securities (USA), Inc.		0.60	%		5/21/15	Open	$	6,447,488	$	6,468,334
Deutsche Bank Securities, Inc.		0.75	%		6/01/15	Open		1,446,000		1,451,513
BNP Paribas Securities Corp.		0.42	%		6/12/15	Open		707,000		708,486
Deutsche Bank Securities, Inc.		0.60	%		7/01/15	Open		2,764,000		2,771,048
Deutsche Bank Securities, Inc.		0.70	%		7/01/15	Open		1,342,000		1,345,992
BNP Paribas Securities Corp.		0.42	%		7/09/15	Open		4,110,000		4,116,412
Credit Suisse Securities (USA) LLC		0.45	%		7/23/15	Open		1,477,500		1,479,651
Credit Suisse Securities (USA) LLC		(0.25	)%		9/09/15	Open		171,000		170,903
Deutsche Bank Securities, Inc.		0.75	%		9/09/15	Open		834,000		835,425
Deutsche Bank Securities, Inc.		0.70	%		9/09/15	Open		444,000		444,708
Deutsche Bank Securities, Inc.		0.70	%		9/09/15	Open		301,000		301,480
Deutsche Bank Securities, Inc.		0.70	%		9/09/15	Open		693,000		694,105
Deutsche Bank Securities, Inc.		0.70	%		9/09/15	Open		844,000		845,346
Deutsche Bank Securities, Inc.		0.70	%		9/09/15	Open		435,000		435,694
Deutsche Bank Securities, Inc.		0.70	%		9/09/15	Open		337,000		337,537
Deutsche Bank Securities, Inc.		0.70	%		9/09/15	Open		618,000		618,985
Deutsche Bank Securities, Inc.		0.70	%		9/09/15	Open		730,000		731,164
Deutsche Bank Securities, Inc.		0.60	%		9/09/15	Open		1,405,000		1,406,920
Deutsche Bank Securities, Inc.		0.60	%		9/09/15	Open		358,000		358,489
Deutsche Bank Securities, Inc.		0.60	%		9/09/15	Open		512,000		512,700
Deutsche Bank Securities, Inc.		0.60	%		9/09/15	Open		127,000		127,174
Deutsche Bank Securities, Inc.		0.60	%		9/09/15	Open		1,590,000		1,592,173
Deutsche Bank Securities, Inc.		0.60	%		9/09/15	Open		989,000		990,352
Deutsche Bank Securities, Inc.		0.60	%		9/09/15	Open		135,000		135,184
Deutsche Bank Securities, Inc.		0.60	%		9/09/15	Open		636,000		636,869
Deutsche Bank Securities, Inc.		0.60	%		9/09/15	Open		648,000		648,886
Deutsche Bank Securities, Inc.		0.60	%		9/09/15	Open		1,961,000		1,963,680
Deutsche Bank Securities, Inc.		0.60	%		9/09/15	Open		495,000		495,676
Deutsche Bank Securities, Inc.		0.60	%		9/09/15	Open		1,609,000		1,611,199
Deutsche Bank Securities, Inc.		0.60	%		9/09/15	Open		453,000		453,619
Deutsche Bank Securities, Inc.		0.60	%		9/09/15	Open		403,000		403,551
Deutsche Bank Securities, Inc.		0.60	%		9/09/15	Open		300,000		300,410
Deutsche Bank Securities, Inc.		0.60	%		9/09/15	Open		1,384,000		1,385,891
Deutsche Bank Securities, Inc.		0.60	%		9/09/15	Open		907,000		908,240
Deutsche Bank Securities, Inc.		0.60	%		9/09/15	Open		684,000		684,935
Deutsche Bank Securities, Inc.		0.60	%		9/09/15	Open		1,045,000		1,046,428
Deutsche Bank Securities, Inc.		0.60	%		9/09/15	Open		893,000		894,220
Deutsche Bank Securities, Inc.		0.60	%		9/09/15	Open		1,135,000		1,136,551
Deutsche Bank Securities, Inc.		0.60	%		9/09/15	Open		562,000		562,768
Deutsche Bank Securities, Inc.		0.60	%		9/09/15	Open		1,302,000		1,303,779
Deutsche Bank Securities, Inc.		0.60	%		9/09/15	Open		884,000		885,208
Deutsche Bank Securities, Inc.		0.60	%		9/09/15	Open		1,061,000		1,062,450
Deutsche Bank Securities, Inc.		0.60	%		9/09/15	Open		527,000		527,720
Deutsche Bank Securities, Inc.		0.60	%		9/09/15	Open		1,561,000		1,563,133
Deutsche Bank Securities, Inc.		0.60	%		9/09/15	Open		455,000		455,622
Deutsche Bank Securities, Inc.		0.60	%		9/09/15	Open		697,000		697,953
RBC Capital Markets LLC		(1.00	)%		9/09/15	Open		225,000		224,487
RBC Capital Markets LLC		0.39	%		9/09/15	Open		384,000		384,341
RBC Capital Markets LLC		0.50	%		9/09/15	Open		338,000		338,385
RBC Capital Markets LLC		0.50	%		9/09/15	Open		100,000		100,114



BLACKROCK LIMITED DURATION INCOME TRUST	NOVEMBER 30, 2015	25


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

Reverse Repurchase Agreements (continued)


Counterparty	Interest Rate			Trade Date		Maturity Date¹	Face Value		Face Value Including Accrued Interest
RBC Capital Markets LLC		0.50	%		9/09/15	Open	$	437,000	$	437,498
RBC Capital Markets LLC		0.50	%		9/09/15	Open		83,000		83,095
RBC Capital Markets LLC		0.65	%		9/09/15	Open		451,000		451,668
RBC Capital Markets LLC		0.65	%		9/09/15	Open		1,593,000		1,595,359
RBC Capital Markets LLC		0.65	%		9/09/15	Open		518,000		518,767
RBC Capital Markets LLC		0.65	%		9/09/15	Open		368,000		368,545
RBC Capital Markets LLC		0.65	%		9/09/15	Open		405,000		405,600
RBC Capital Markets LLC		0.65	%		9/09/15	Open		411,000		411,609
RBC Capital Markets LLC		0.65	%		9/09/15	Open		424,000		424,628
RBC Capital Markets LLC		0.65	%		9/09/15	Open		650,000		650,962
RBC Capital Markets LLC		0.65	%		9/09/15	Open		1,475,000		1,477,184
RBC Capital Markets LLC		0.65	%		9/09/15	Open		550,000		550,814
RBC Capital Markets LLC		0.65	%		9/09/15	Open		353,000		353,523
RBC Capital Markets LLC		0.75	%		9/09/15	Open		372,000		372,635
RBC Capital Markets LLC		0.75	%		9/09/15	Open		650,000		650,393
RBC Capital Markets LLC		0.75	%		9/09/15	Open		716,000		716,433
RBC Capital Markets LLC		0.75	%		9/09/15	Open		265,000		265,453
RBC Capital Markets LLC		0.75	%		9/09/15	Open		235,000		235,401
RBC Capital Markets LLC		0.75	%		9/09/15	Open		590,000		591,008
RBC Capital Markets LLC		0.75	%		9/09/15	Open		259,000		259,442
RBC Capital Markets LLC		0.75	%		9/09/15	Open		275,000		275,470
RBC Capital Markets LLC		0.75	%		9/09/15	Open		283,000		283,483
RBC Capital Markets LLC		0.75	%		9/09/15	Open		234,000		234,400
RBC Capital Markets LLC		0.75	%		9/09/15	Open		793,000		794,355
RBC Capital Markets LLC		0.75	%		9/09/15	Open		457,000		457,781
RBC Capital Markets LLC		0.75	%		9/09/15	Open		223,000		223,381
RBC Capital Markets LLC		0.75	%		9/09/15	Open		230,000		230,393
RBC Capital Markets LLC		0.75	%		9/09/15	Open		417,000		417,712
RBC Capital Markets LLC		0.75	%		9/09/15	Open		298,000		298,509
RBC Capital Markets LLC		0.75	%		9/09/15	Open		616,000		617,052
RBC Capital Markets LLC		0.75	%		9/09/15	Open		383,000		383,654
RBC Capital Markets LLC		0.75	%		9/09/15	Open		694,000		695,186
RBC Capital Markets LLC		0.75	%		9/09/15	Open		474,000		474,810
RBC Capital Markets LLC		0.75	%		9/09/15	Open		666,000		667,138
RBC Capital Markets LLC		0.75	%		9/09/15	Open		412,000		412,704
RBC Capital Markets LLC		0.75	%		9/09/15	Open		432,000		432,738
RBC Capital Markets LLC		0.75	%		9/09/15	Open		245,000		245,419
RBC Capital Markets LLC		0.70	%		9/09/15	Open		939,000		940,497
RBC Capital Markets LLC		0.70	%		9/09/15	Open		1,198,000		1,199,910
RBC Capital Markets LLC		0.70	%		9/09/15	Open		529,000		529,843
RBC Capital Markets LLC		0.75	%		9/09/15	Open		302,000		302,516
UBS Securities LLC		0.55	%		9/09/15	Open		682,290		683,145
UBS Securities LLC		0.55	%		9/09/15	Open		650,228		651,042
UBS Securities LLC		0.55	%		9/09/15	Open		463,961		464,542
UBS Securities LLC		0.55	%		9/09/15	Open		599,569		600,320
UBS Securities LLC		0.55	%		9/09/15	Open		340,783		341,209
UBS Securities LLC		0.55	%		9/09/15	Open		620,078		620,854
UBS Securities LLC		0.55	%		9/09/15	Open		455,000		455,570
UBS Securities LLC		0.55	%		9/09/15	Open		305,575		305,958
UBS Securities LLC		0.45	%		9/09/15	Open		891,563		892,476



BLACKROCK LIMITED DURATION INCOME TRUST	NOVEMBER 30, 2015	26


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

Reverse Repurchase Agreements (continued)


Counterparty	Interest Rate			Trade Date		Maturity Date¹	Face Value		Face Value Including Accrued Interest
UBS Securities LLC		0.55	%		9/09/15	Open	$	2,042,500	$	2,045,059
UBS Securities LLC		0.55	%		9/09/15	Open		2,097,765		2,100,393
UBS Securities LLC		0.55	%		9/09/15	Open		2,034,531		2,037,080
UBS Securities LLC		0.55	%		9/09/15	Open		971,919		973,136
UBS Securities LLC		0.55	%		9/09/15	Open		1,516,775		1,518,675
UBS Securities LLC		0.60	%		9/09/15	Open		742,219		743,233
UBS Securities LLC		0.60	%		9/09/15	Open		1,078,313		1,079,786
UBS Securities LLC		0.60	%		9/09/15	Open		549,763		550,514
UBS Securities LLC		0.65	%		9/09/15	Open		1,056,248		1,057,811
UBS Securities LLC		0.65	%		9/09/15	Open		730,800		731,882
UBS Securities LLC		0.65	%		9/09/15	Open		706,849		707,895
BNP Paribas Securities Corp.		0.71	%		9/10/15	Open		552,000		552,893
BNP Paribas Securities Corp.		0.71	%		9/10/15	Open		850,000		851,375
BNP Paribas Securities Corp.		0.71	%		9/10/15	Open		317,000		317,513
BNP Paribas Securities Corp.		0.71	%		9/10/15	Open		751,000		752,215
Deutsche Bank Securities, Inc.		0.60	%		9/10/15	Open		934,765		936,043
RBC Capital Markets LLC		0.39	%		9/14/15	Open		2,112,000		2,113,762
RBC Capital Markets LLC		0.39	%		9/14/15	Open		1,671,250		1,672,644
RBC Capital Markets LLC		0.39	%		9/14/15	Open		1,429,575		1,430,768
RBC Capital Markets LLC		0.50	%		9/14/15	Open		2,194,625		2,196,972
Deutsche Bank Securities, Inc.		0.75	%		10/01/15	Open		625,000		625,781
RBC Capital Markets LLC		0.75	%		10/01/15	Open		271,119		271,463
Deutsche Bank Securities, Inc.		0.75	%		10/05/15	Open		73,000		73,087
RBC Capital Markets LLC		0.70	%		10/08/15	Open		779,960		780,779
Deutsche Bank Securities, Inc.		0.70	%		10/22/15	Open		572,000		572,445
RBC Capital Markets LLC		0.39	%		10/22/15	Open		211,250		211,342
UBS Securities LLC		0.65	%		10/22/15	Open		200,143		200,287
RBC Capital Markets LLC		0.39	%		10/23/15	Open		1,186,000		1,186,450
RBC Capital Markets LLC		0.39	%		10/23/15	Open		2,306,000		2,306,899
RBC Capital Markets LLC		0.39	%		10/23/15	Open		1,711,000		1,711,649
RBC Capital Markets LLC		0.39	%		10/23/15	Open		664,000		664,252
Deutsche Bank Securities, Inc.		0.60	%		10/27/15	Open		554,000		554,323
Barclays Capital, Inc.		(3.75	)%		10/29/15	Open		63,325		63,107
Citigroup Global Markets, Inc.		(5.50	)%		10/29/15	Open		67,000		66,662
Deutsche Bank Securities, Inc.		0.60	%		10/29/15	Open		610,245		610,570
Deutsche Bank Securities, Inc.		0.60	%		10/29/15	Open		225,706		225,827
Deutsche Bank Securities, Inc.		(5.00	)%		10/29/15	Open		41,875		41,683
RBC Capital Markets LLC		0.65	%		10/29/15	Open		361,050		361,259
RBC Capital Markets LLC		0.65	%		10/29/15	Open		235,755		235,891
UBS Securities LLC		0.55	%		10/29/15	Open		422,119		422,325
RBC Capital Markets LLC		0.75	%		10/29/15	Open		477,950		478,269
RBC Capital Markets LLC		0.75	%		10/29/15	Open		220,000		220,147
RBC Capital Markets LLC		0.75	%		10/30/15	Open		250,800		250,967
RBC Capital Markets LLC		0.75	%		10/30/15	Open		195,130		195,260
RBC Capital Markets LLC		0.39	%		10/30/15	Open		407,000		407,128
RBC Capital Markets LLC		0.39	%		10/30/15	Open		619,000		619,194
RBC Capital Markets LLC		0.39	%		10/30/15	Open		237,000		237,074
RBC Capital Markets LLC		0.39	%		10/30/15	Open		337,000		337,106
RBC Capital Markets LLC		0.70	%		10/30/15	Open		967,000		967,545
RBC Capital Markets LLC		0.70	%		10/30/15	Open		775,000		775,437



BLACKROCK LIMITED DURATION INCOME TRUST	NOVEMBER 30, 2015	27


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

Reverse Repurchase Agreements (continued)


Counterparty	Interest Rate			Trade Date		Maturity Date¹	Face Value		Face Value Including Accrued Interest
RBC Capital Markets LLC		0.70	%		10/30/15	Open	$	1,178,000	$	1,178,664
RBC Capital Markets LLC		0.70	%		10/30/15	Open		1,082,000		1,082,610
RBC Capital Markets LLC		0.70	%		10/30/15	Open		719,000		719,405
RBC Capital Markets LLC		0.70	%		10/30/15	Open		710,000		710,400
RBC Capital Markets LLC		0.70	%		10/30/15	Open		970,000		970,547
Deutsche Bank Securities, Inc.		0.75	%		11/02/15	Open		894,000		894,540
UBS Securities LLC		0.55	%		11/02/15	Open		1,188,090		1,188,616
UBS Securities LLC		0.65	%		11/04/15	Open		1,109,820		1,110,361
RBC Capital Markets LLC		0.65	%		11/10/15	Open		1,262,635		1,263,501
RBC Capital Markets LLC		0.70	%		11/12/15	Open		1,042,930		1,043,315
RBC Capital Markets LLC		0.70	%		11/18/15	Open		817,000		817,191
RBC Capital Markets LLC		0.75	%		11/18/15	Open		2,510,400		2,511,028
RBC Capital Markets LLC		0.70	%		11/18/15	Open		717,400		717,567
RBC Capital Markets LLC		0.70	%		11/18/15	Open		728,525		728,525
RBC Capital Markets LLC		0.70	%		11/18/15	Open		530,585		530,709
RBC Capital Markets LLC		0.70	%		11/18/15	Open		822,768		822,959
Deutsche Bank Securities, Inc.		0.03	%		11/20/15	Open		9,311,625		9,311,687
Barclays Capital, Inc.		(3.75	)%		11/23/15	Open		57,375		57,333
Barclays Capital, Inc.		0.60	%		11/23/15	Open		888,375		888,479
Barclays Capital, Inc.		(3.00	)%		11/23/15	Open		583,894		583,553
Barclays Capital, Inc.		0.60	%		11/23/15	Open		478,125		478,181
Barclays Capital, Inc.		0.60	%		11/23/15	Open		701,081		701,163
Barclays Capital, Inc.		(1.25	)%		11/23/15	Open		77,855		77,836
Deutsche Bank Securities, Inc.		0.60	%		11/23/15	Open		3,029,333		3,029,687
Deutsche Bank Securities, Inc.		0.60	%		11/23/15	Open		1,923,491		1,923,715
Deutsche Bank Securities, Inc.		0.80	%		11/23/15	Open		600,000		600,093
Deutsche Bank Securities, Inc.		0.80	%		11/23/15	Open		681,000		681,106
Deutsche Bank Securities, Inc.		0.80	%		11/23/15	Open		615,000		615,096
Deutsche Bank Securities, Inc.		0.80	%		11/23/15	Open		648,000		648,101
Deutsche Bank Securities, Inc.		0.80	%		11/23/15	Open		570,000		570,089
Deutsche Bank Securities, Inc.		0.80	%		11/23/15	Open		594,000		594,092
Deutsche Bank Securities, Inc.		0.80	%		11/23/15	Open		255,000		255,040
Deutsche Bank Securities, Inc.		0.80	%		11/23/15	Open		1,533,000		1,533,238
HSBC Securities (USA), Inc.		0.40	%		11/24/15	Open		2,303,000		2,303,179
HSBC Securities (USA), Inc.		0.40	%		11/24/15	Open		349,000		349,027
HSBC Securities (USA), Inc.		0.55	%		11/24/15	Open		1,598,000		1,598,171
HSBC Securities (USA), Inc.		0.55	%		11/24/15	Open		2,029,000		2,029,217
HSBC Securities (USA), Inc.		0.55	%		11/24/15	Open		635,000		635,068
HSBC Securities (USA), Inc.		0.55	%		11/24/15	Open		596,000		596,064
HSBC Securities (USA), Inc.		0.55	%		11/24/15	Open		346,000		346,037
HSBC Securities (USA), Inc.		0.55	%		11/24/15	Open		310,000		310,033
HSBC Securities (USA), Inc.		0.55	%		11/24/15	Open		730,000		730,078
HSBC Securities (USA), Inc.		0.55	%		11/24/15	Open		1,115,000		1,115,119
HSBC Securities (USA), Inc.		0.55	%		11/24/15	Open		165,000		165,018
HSBC Securities (USA), Inc.		0.55	%		11/24/15	Open		464,000		464,050
HSBC Securities (USA), Inc.		0.55	%		11/24/15	Open		681,000		681,073
HSBC Securities (USA), Inc.		0.55	%		11/24/15	Open		526,000		526,056
HSBC Securities (USA), Inc.		0.55	%		11/24/15	Open		2,465,000		2,465,264
HSBC Securities (USA), Inc.		0.55	%		11/24/15	Open		536,000		536,057
HSBC Securities (USA), Inc.		0.60	%		11/24/15	Open		802,000		802,094



BLACKROCK LIMITED DURATION INCOME TRUST	NOVEMBER 30, 2015	28


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

Reverse Repurchase Agreements (continued)


Counterparty	Interest Rate			Trade Date		Maturity Date¹	Face Value		Face Value Including Accrued Interest
HSBC Securities (USA), Inc.		0.60	%		11/24/15	Open	$	586,000	$	586,068
HSBC Securities (USA), Inc.		0.60	%		11/24/15	Open		530,000		530,062
HSBC Securities (USA), Inc.		0.60	%		11/24/15	Open		2,572,000		2,572,300
HSBC Securities (USA), Inc.		0.60	%		11/24/15	Open		1,134,000		1,134,132
HSBC Securities (USA), Inc.		0.60	%		11/24/15	Open		531,000		531,062
HSBC Securities (USA), Inc.		0.60	%		11/24/15	Open		855,000		855,100
HSBC Securities (USA), Inc.		0.60	%		11/24/15	Open		353,000		353,041
HSBC Securities (USA), Inc.		0.65	%		11/24/15	Open		677,000		677,086
HSBC Securities (USA), Inc.		0.65	%		11/24/15	Open		896,000		896,113
HSBC Securities (USA), Inc.		0.65	%		11/24/15	Open		157,000		157,020
HSBC Securities (USA), Inc.		0.70	%		11/24/15	Open		1,426,000		1,426,194
RBC Capital Markets LLC		0.75	%		11/24/15	Open		1,135,200		1,135,342
RBC Capital Markets LLC		0.75	%		11/24/15	Open		777,000		777,097
RBC Capital Markets LLC		0.75	%		11/24/15	Open		504,175		504,238
RBC Capital Markets LLC		0.75	%		11/24/15	Open		689,750		689,836
RBC Capital Markets LLC		0.75	%		11/24/15	Open		517,843		517,907
RBC Capital Markets LLC		0.75	%		11/24/15	Open		982,770		982,893
RBC Capital Markets LLC		0.75	%		11/24/15	Open		390,713		390,761
RBC Capital Markets LLC		0.65	%		11/24/15	Open		594,625		594,689
RBC Capital Markets LLC		0.65	%		11/24/15	Open		536,000		536,058
RBC Capital Markets LLC		0.65	%		11/24/15	Open		503,250		503,305
RBC Capital Markets LLC		0.70	%		11/24/15	Open		462,300		462,354
RBC Capital Markets LLC		0.70	%		11/24/15	Open		485,280		485,337
RBC Capital Markets LLC		0.70	%		11/24/15	Open		510,000		510,060
RBC Capital Markets LLC		0.70	%		11/24/15	Open		519,250		519,311
RBC Capital Markets LLC		0.70	%		11/24/15	Open		341,780		341,820
RBC Capital Markets LLC		0.70	%		11/24/15	Open		612,000		612,071
RBC Capital Markets LLC		0.39	%		11/24/15	Open		697,500		697,557
RBC Capital Markets LLC		0.70	%		11/27/15	Open		452,800		452,835
Total							$	257,582,680	$	258,063,644

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

Derivative Financial Instruments Outstanding as of Period End

Financial Futures Contracts


Contracts Long (Short)			Issue	Expiration		Notional Value		Unrealized Appreciation (Depreciation)
	(365	)	10-Year U.S. Treasury Note	March 2016	USD		46,149,688	$	(270,175	)
	254		2-Year U.S. Treasury Note	March 2016	USD		55,256,906		(29,698	)
	8		5-Year U.S. Treasury Note	March 2016	USD		949,438		1,176
	(7	)	German Euro BOBL Futures	December 2015	USD		961,682		(7,248	)
	(2	)	German Euro-Bund Futures	December 2015	USD		334,525		(4,205	)
	(4	)	Long Gilt Future	March 2016	USD		709,252		(2,535	)
	(174	)	Long U.S. Treasury Bond	March 2016	USD		26,796,000		(202,011	)
	110		Ultra Long U.S. Treasury Bond	March 2016	USD		17,428,125		68,015
	Total							$	(446,681	)



BLACKROCK LIMITED DURATION INCOME TRUST	NOVEMBER 30, 2015	29


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

Forward Foreign Currency Exchange Contracts


Currency Purchased		Currency Sold		Counterparty	Settlement Date		Unrealized Appreciation (Depreciation)
USD	1,062,973	CAD	1,401,000	UBS AG		12/03/15	$	13,900
USD	11,904,083	EUR	10,772,000	Barclays Bank PLC		12/03/15		522,776
USD	6,100,124	EUR	5,520,000	Barclays Bank PLC		12/03/15		267,891
USD	80,511	EUR	74,000	Goldman Sachs International		12/03/15		2,326
USD	107,171	EUR	100,000	Goldman Sachs International		12/03/15		1,515
USD	167,035	EUR	157,000	State Street Bank and Trust Co.		12/03/15		1,155
USD	1,177,442	GBP	767,000	Morgan Stanley & Co. International PLC		12/03/15		22,272
USD	6,353,891	GBP	4,139,000	Morgan Stanley & Co. International PLC		12/03/15		120,189
USD	14,275,146	GBP	9,299,000	Morgan Stanley & Co. International PLC		12/03/15		270,025
AUD	2,170,000	NZD	2,374,000	Goldman Sachs International		12/18/15		7,018
CAD	2,072,862	AUD	2,170,000	Citibank N.A.		12/18/15		(15,859	)
GBP	1,010,000	CAD	2,052,538	Goldman Sachs International		12/18/15		(15,715	)
GBP	994,459	EUR	1,410,000	Goldman Sachs International		12/18/15		7,408
NZD	2,385,177	AUD	2,170,000	Royal Bank of Scotland PLC		12/18/15		33
USD	1,048,213	CAD	1,401,000	HSBC Bank PLC		1/06/16		(863	)
USD	6,013,118	EUR	5,677,000	UBS AG		1/06/16		8,171
USD	11,309,153	EUR	10,677,000	UBS AG		1/06/16		15,368
USD	1,152,471	GBP	767,000	BNP Paribas SA		1/06/16		(2,913	)
USD	6,208,619	GBP	4,132,000	BNP Paribas SA		1/06/16		(15,694	)
USD	13,898,773	GBP	9,250,000	BNP Paribas SA		1/06/16		(35,134	)
Total							$	1,174,167

OTC Options Purchased

Description

Put/
Call

Counterparty

Expiration
Date

Strike

Price

Contracts

Notional
Amount
(000)

Value

Marsico Parent Superholdco LLC

Call

Goldman Sachs & Co.

12/21/19

USD 942.86

—

NZD Currency

Put

Citibank N.A.

1/28/16

JPY 78.25

—

NZD 3,830

25,085

Total

25,085

OTC Options Written

Description

Put/

Call

Counterparty

Expiration
Date

Strike

Price

Notional
Amount
(000)

Value

NZD Currency

Put

Citibank N.A.

1/28/16

JPY 72.51

NZD 3,830

(4,407

)

NZD Currency

Put

Citibank N.A.

1/28/16

JPY 74.28

NZD 3,830

(7,813

)

Total

(12,220

)



BLACKROCK LIMITED DURATION INCOME TRUST	NOVEMBER 30, 2015	30


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

Centrally Cleared Interest Rate Swaps

Fixed
Rate

Floating
Rate

Expiration
Date

Notional

Amount
(000)

Unrealized
Appreciation

(Depreciation)

2.54%¹

3-month LIBOR

9/04/24

USD 18,700

871,821

2.60%²

3-month LIBOR

9/04/24

USD 18,700

(876,355

)

Total

(4,534

)

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

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

OTC Credit Default Swaps — Buy Protection


Issuer/Index	Pay Fixed Rate			Counterparty	Expiration Date		Notional Amount (000)		Value			Premiums Paid (Received)		Unrealized Depreciation
Australia & New Zealand Banking Group Ltd.		1.00	%	Deutsche Bank AG		9/20/17	USD	1	$	(6	)	$	6	$	(12	)
Westpac Banking Corp.		1.00	%	Deutsche Bank AG		9/20/17	USD	1		(6	)		6		(12	)
Total									$	(12	)	$	12	$	(24	)

OTC Credit Default Swaps — Sell Protection


Issuer/Index	Receive Fixed Rate			Counterparty	Expiration Date	Credit Rating¹	Notional Amount (000)²		Value			Premiums Paid (Received)			Unrealized Depreciation
Astaldi SpA		5.00	%	Citibank N.A.	12/20/20	B+		EUR 20	$	(2,001	)	$	(1,741	)	$	(260	)
Markit CMBX North America, Series 8		3.00	%	Barclays Bank PLC	10/17/57	BBB-		USD 5,000		(531,917	)		(531,917	)		—
Total									$	(533,918	)	$	(533,658	)	$	(260	)

¹ Using Standard & Poor’s rating of the issuer or the underlying securities of the index, as applicable.
² The maximum potential amount the Fund may pay should a negative credit event take place as defined under the terms of the agreement.

Portfolio Abbreviations


ABS		Asset-Backed Security
AUD		Australian Dollar
CAD		Canadian Dollar
CLO		Collateralized Loan Obligation
DIP		Debtor-In-Possession
EUR		Euro
GBP		British Pound
JPY		Japanese Yen
NZD		New Zealand Dollar



BLACKROCK LIMITED DURATION INCOME TRUST	NOVEMBER 30, 2015	31


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


OTC		Over-the-Counter
PIK		Payment-In-Kind
USD		U.S. Dollar

Fair Value Hierarchy as of Period End

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

•

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

•

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

•

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

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Add for Non Money Market Funds: The significant unobservable inputs used by the Global Valuation Committee in determining the price for Fair Valued Investments are typically categorized as Level 3.

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



BLACKROCK LIMITED DURATION INCOME TRUST	NOVEMBER 30, 2015	32


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

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


	Level 1			Level 2			Level 3		Total
Assets:
Investments:
Long-Term Investments:
Asset-Backed Securities		—		$	79,390,167		$	53,681,349	$	133,071,516
Common Stocks	$	1,221,572			—			237,359		1,458,931
Corporate Bonds		—			321,466,722			2,280,404		323,747,126
Floating Rate Loan Interests		—			192,933,353			16,961,842		209,895,195
Foreign Agency Obligations		—			11,411,134			—		11,411,134
Non-Agency Mortgage-Backed Securities		—			83,746,301			—		83,746,301
Other Interests		—			—			144,283		144,283
Preferred Securities		11,792,489			54,842,674			119,009		66,754,172
U.S. Government Sponsored Agency Securities		—			8,765,689			—		8,765,689
Warrants		—			—			20,911		20,911
Short-Term Securities		15,973,696			—			—		15,973,696
Options Purchased:
Foreign currency exchange contracts		—			25,085			—		25,085

Total	$	28,987,757		$	752,581,125		$	73,445,157	$	855,014,039


	Level 1			Level 2			Level 3		Total
Derivative Financial Instruments ¹
Assets:
Foreign currency exchange contracts		—		$	1,260,345			—	$	1,260,345
Interest rate contracts	$	69,191			871,821			—		941,012
Liabilities:
Credit contracts		—			(284	)		—		(284	)
Foreign currency exchange contracts		—			(98,398	)		—		(98,398	)
Interest rate contracts		(515,872	)		(876,355	)		—		(1,392,227	)

Total	$	(446,681	)	$	1,157,129			—	$	710,448

¹ Derivative financial instruments are swaps, financial futures contracts, forward foreign currency exchange contracts and options written. Swaps, financial futures contracts and forward foreign currency exchange contracts are valued at the unrealized appreciation (depreciation) on the instrument and options written are shown at value.



BLACKROCK LIMITED DURATION INCOME TRUST	NOVEMBER 30, 2015	33


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

The Fund may hold assets and/or liabilities in which the fair value approximates the carrying amount for financial reporting purposes. As of period end, such assets and/or liabilities are categorized within the disclosure hierarchy as follows:


	Level 1		Level 2			Level 3		Total
Assets:
Cash pledged as collateral for OTC derivatives	$	90,000		—			—	$	90,000
Cash pledged for centrally cleared swaps		1,170		—			—		1,170
Cash pledged for financial futures contracts		765,470		—			—		765,470
Foreign currency at value		504,648		—			—		504,648
Liabilities:
Bank overdraft		—	$	(14,436,635	)		—		(14,436,635	)
Reverse repurchase agreements		—		(258,063,644	)		—		(258,063,644	)
Total	$	1,361,288	$	(272,500,279	)		—	$	(271,138,991	)

During the period ended November 30, 2015, there were no transfers between Level 1 and Level 2.

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


	Asset- Backed Securities			Common Stocks			Corporate Bonds			Floating Rate Loan Interests			Other Interests		Warrants			Preferred Stocks		Total
Opening balance, as of August 31, 2015	$	57,724,413		$	620,087		$	2,293,812		$	11,940,990		$	144,283	$	26,648		$	112,143	$	72,862,376
Transfers into Level 3¹		—			—			—			9,507,751			—		—			—		9,507,751
Transfers out of Level 3		—			—			—			(2,599,616	)		—		—			—		(2,599,616	)
Accrued discounts/premiums		(31,310	)		—			(291	)		11,610			—		—			—		(19,991	)
Net realized gain (loss)		(175,358	)		—			580			(94,270	)		—		—			—		(269,048	)
Net change in unrealized appreciation (depreciation)^2,3		(1,160,038	)		(382,728	)		18,708			(392,548	)		—		(5,737	)		1,394		(1,920,949	)
Purchases		—			—			26,175			2,630,925			—		—			5,472		2,662,572
Sales		(2,676,358	)		—			(58,580	)		(4,043,000	)		—		—			—		(6,777,938	)

Closing balance, as of November 30, 2015	$	53,681,349		$	237,359		$	2,280,404		$	16,961,842		$	144,283	$	20,911		$	119,009	$	73,445,157

Net change in unrealized appreciation (depreciation) on investments still held at November 30, 2015³	$	(1,131,913	)	$	(382,728	)	$	18,708		$	(388,532	)		—	$	(5,737	)	$	1,394	$	(1,888,808	)

¹ As of August 31, 2015, the Fund used observable inputs in determining the value of certain investments. As of November 30, 2015, the Fund used significant unobservable inputs in determining the value of the same investments. As a result, investments at beginning of period value were transferred from Level 2 to Level 3 in the disclosure hierarchy.
² Included in the related net change in unrealized appreciation (depreciation) in the Statement of Operations.
³ Any difference between net change in unrealized appreciation (depreciation) on investments still held at August 31, 2015 is generally due to investments no longer held or categorized as Level 3 at period end.



BLACKROCK LIMITED DURATION INCOME TRUST	NOVEMBER 30, 2015	34


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

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



BLACKROCK LIMITED DURATION INCOME TRUST	NOVEMBER 30, 2015	35


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 22, 2016

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

By: /s/ John M. Perlowski

John M. Perlowski

Chief Executive Officer (principal executive officer) of

BlackRock Limited Duration Income Trust

Date: January 22, 2016

By: /s/ Neal J. Andrews

Neal J. Andrews

Chief Financial Officer (principal financial officer) of

BlackRock Limited Duration Income Trust

Date: January 22, 2016