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: 05/31/2016

Item 1 – Schedule of Investments

Schedule of Investments May 31, 2016 (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	$	3,010
Construction & Engineering — 0.3%
USI United Subcontractors				6,454		1,548,954
Diversified Financial Services — 0.0%
Kcad Holdings I Ltd. (a)				546,753,936		5,468
Health Care Management Services — 0.0%
New Millennium HoldCo, Inc. (a)(b)				8,511		32,980
Household Durables — 0.0%
Berkline Benchcraft Equity LLC (a)				3,155		—
Oil, Gas & Consumable Fuels — 0.0%
Denbury Resources, Inc. (a)				40,280		154,272
Southcross Holdings LP (a)				40		12,600
Vantage Drilling International (a)				191		—

						166,872
Real Estate Investment Trusts (REITs) — 0.0%
Ovation Acquisition I LLC, (Acquired 12/28/15, cost $15,599) (c)				1,013		1,013
Total Common Stocks — 0.3%						1,758,297



Asset-Backed Securities	Par (000)
Asset-Backed Securities — 16.6%
ACAS CLO Ltd., Series 2014-1A, Class C, 3.53%, 7/18/26 (d)(e)		USD		1,000		975,183
Aircraft Lease Securitisation Ltd., Series 2007-1A, Class G3, 0.70%, 5/10/32 (d)(e)				115		113,261
ALM Loan Funding, Series 2013-7RA, Class D, 5.64%, 4/24/24 (d)(e)				1,040		977,039
ALM VI Ltd., Series 2012-6A, Class B2R, 3.43%, 7/15/26 (d)(e)				1,000		975,000
ALM XIV Ltd., Series 2014-14A, Class C, 4.08%, 7/28/26 (d)(e)				3,140		2,900,240
AmeriCredit Automobile Receivables Series 2014-3, Class C, 2.58%, 9/08/20				4,850		4,906,165
AMMC CLO Ltd., Series 2014-15A, Class D, 4.84%, 12/09/26 (d)(e)				2,000		1,855,000
Apidos CLO XVII, Series 2014-17A, Class B, 3.48%, 4/17/26 (d)(e)				1,000		972,950
Ares CLO Ltd. (d)(e):
Series 2012-2A, Class CR, 3.33%, 10/12/23				1,000		986,200
Series 2014 32A, Class B, 3.88%, 11/15/25				1,250		1,242,728


Asset-Backed Securities	Par (000)			Value
Asset-Backed Securities (continued)
Atrium CDO Corp., Series 9A, Class D, 4.17%, 2/28/24 (d)(e)		USD	1,850	$	1,732,257
Benefit Street Partners CLO IV Ltd., Series 2014-IVA, Class B, 3.43%, 7/20/26 (d)(e)			1,250		1,215,625
Carlyle Global Market Strategies CLO Ltd., Class C (d)(e):
Series 2013-1A, 4.63%, 2/14/25			250		237,967
Series 2014-5A, 4.78%, 10/16/25			2,000		1,873,612
Series 2015-1A, 3.78%, 4/20/27			500		498,491
CIFC Funding 2014-IV, Ltd., Series 2014-4A, Class C1, 3.53%, 10/17/26 (d)(e)			2,850		2,777,229
CIFC Funding Ltd., Class D (d)(e):
Series 2014-3A, 4.04%, 7/22/26			420		373,068
Series 2015-1A, 4.64%, 1/22/27			600		561,035
Credit Suisse ABS Repackaging Trust, Series 2013-A, Class B, 2.50%, 1/25/30 (e)			1,616		1,532,576
DCP Rights LLC, Series 2014-1A, Class A, 5.46%, 10/25/44 (e)			3,157		3,111,938
Flagship CLO, Series 2014-8A, Class C, 3.76%, 1/16/26 (d)(e)			1,000		956,451
Gramercy Park CLO, Ltd., Series 2012-1AR, Class CR, 4.68%, 7/17/23 (d)(e)			5,000		4,811,655
GSAA Trust, Series 2007-3, Class 1A2, 0.62%, 3/25/47 (d)			2,510		1,218,646
LIitigation Fee Residual FDG, 4.00%, 10/30/27			1,857		1,847,815
Madison Park Funding Ltd., Series 2012-10A, Class D, 4.88%, 1/20/25 (d)(e)			700		674,270
Madison Park Funding XI Ltd., Series 2013-11A, Class D, 4.14%, 10/23/25 (d)(e)			420		373,424
Madison Park Funding XV Ltd., Series 2014-15A, Class B1, 3.88%, 1/27/26 (d)(e)			1,500		1,501,803
Neuberger Berman CLO XVIII Ltd., Series 2014-18A, Class B, 3.78%, 11/14/25 (d)(e)			1,000		988,488
OneMain Financial Issuance Trust (e):
Series 2015-1A, Class D, 6.63%, 3/18/26			350		341,888
Series 2015-2A, Class C, 4.32%, 7/18/25			4,000		3,811,304



BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2016	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 (e) (continued):
Series 2015-2A, Class D, 5.64%, 7/18/25		USD	2,000	$	1,909,272
OZLM Funding Ltd., Series 2012-2A, Class C, 4.99%, 10/30/23 (d)(e)			500		483,252
OZLM IX Ltd., Series 2014-9A, Class C, 4.23%, 1/20/27 (d)(e)			1,000		887,148
OZLM VII Ltd., Series 2014-7A, Class C, 4.23%, 7/17/26 (d)(e)			780		689,109
OZLM VIII Ltd., Series 2014-8A (d)(e):
Class B, 3.63%, 10/17/26			2,500		2,474,196
Class C, 4.13%, 10/17/26			500		438,086
OZLM XII Ltd., Series 2015-12A, Class C, 4.34%, 4/30/27 (d)(e)			1,000		883,599
Regatta Funding LP, Series 2013-2A, Class C, 4.63%, 1/15/25 (d)(e)			500		473,408
Regatta V Funding Ltd., Series 2014-1A, Class B, 3.64%, 10/25/26 (d)(e)			2,000		1,888,769
Santander Drive Auto Receivables Trust:
Series 2014-3, Class D, 2.65%, 8/17/20			4,015		4,041,962
Series 2014-4, Class C, 2.60%, 11/16/20			4,500		4,548,053
Series 2014-4, Class D, 3.10%, 11/16/20			4,500		4,559,682
Series 2014-S3, 0.00%, 2/19/19			3		8,977,500
Series 2014-S4, 0.00%, 4/16/19			3		11,927,250
Sound Point CLO Ltd., Series 2014-3A, Class D, 4.24%, 1/23/27 (d)(e)			2,000		1,756,793
Symphony CLO XV Ltd., Series 2014-15A, Class C, 3.83%, 10/17/26 (d)(e)			4,000		3,976,017
Venture XXI CLO Ltd., Series 2015-21A, Class D, 4.23%, 7/15/27 (d)(e)			400		362,092
Voya CLO Ltd., Series 2014-4A, Class C, 4.63%, 10/14/26 (d)(e)			2,500		2,261,194
World Financial Network Credit Card Master Trust, Series 2012-C, Class B, 3.57%, 8/15/22			3,000		3,045,828

					101,926,518


Asset-Backed Securities	Par (000)			Value
Interest Only Asset-Backed Securities — 0.2%
Sterling Bank Trust, Series 2004-2, Class Note, 2.08%, 3/30/30 (e)		USD	5,193	$	370,019
Sterling Coofs Trust, Series 2004-1, Class A, 2.00%, 4/15/29			7,034		489,828

					859,847
Total Asset-Backed Securities — 16.8%					102,786,365



Corporate Bonds
Aerospace & Defense — 0.9%
Accudyne Industries Borrower/Accudyne Industries LLC, 7.75%, 12/15/20 (e)(f)			560		464,800
Bombardier, Inc. (e):
7.50%, 3/15/18			63		64,260
5.50%, 9/15/18			166		162,680
6.00%, 10/15/22			139		118,845
7.50%, 3/15/25			466		410,080
Huntington Ingalls Industries, Inc., 5.00%, 12/15/21 (e)			250		263,125
KLX, Inc., 5.88%, 12/01/22 (e)			245		241,325
Moog, Inc., 5.25%, 12/01/22 (e)			270		274,388
TransDigm, Inc.:
7.50%, 7/15/21			263		278,535
6.00%, 7/15/22 (f)			1,825		1,856,937
6.50%, 7/15/24 (f)			680		693,600
6.38%, 6/15/26 (e)(g)			428		428,535

					5,257,110
Air Freight & Logistics — 0.2%
XPO Logistics, Inc.:
5.75%, 6/15/21		EUR	100		107,450
6.50%, 6/15/22 (e)(f)		USD	1,100		1,056,000

					1,163,450
Airlines — 2.3%
Air Canada Pass-Through Trust (e):
Series 2013-1, Class C, 6.63%, 5/15/18			651		669,716
Series 2015-1, Class B, 3.88%, 9/15/24 (f)			1,455		1,404,160
American Airlines Group, Inc., 4.63%, 3/01/20 (e)			315		305,550
American Airlines Pass-Through Trust, Series 2013-2 (f):
Class A, 4.95%, 7/15/24			3,246		3,488,941
Class B, 5.60%, 1/15/22 (e)			630		647,737
Continental Airlines Pass-Through Trust, Series 2012-3, Class C, 6.13%, 4/29/18 (f)			780		819,000



2	BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2016


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


Corporate Bonds		Par (000)		Value
Airlines (continued)
Delta Air Lines Pass-Through Trust, Series 2009-1, Class B, 9.75%, 6/17/18	USD		186	$	193,592
United Airlines Pass-Through Trust (f):
Series 2014-2, Class B, 4.63%, 3/03/24			2,187		2,198,113
Series 2015-1, Class A, 3.70%, 6/01/24			2,430		2,466,450
US Airways Pass-Through Trust, Series 2011-1, Class B, 9.75%, 4/22/20			352		393,753
Virgin Australia Trust, Series 2013-1 (e)(f):
Class A, 5.00%, 4/23/25			536		554,448
Class C, 7.13%, 10/23/18			678		678,142

					13,819,602
Auto Components — 0.7%
CNH Industrial Finance Europe SA, 2.88%, 5/17/23	EUR		175		192,523
Dakar Finance SA, (9.75% Cash PIK), 9.00%, 11/15/20 (h)			100		110,709
Fiat Chrysler Finance Europe:
4.75%, 3/22/21			100		120,622
4.75%, 7/15/22			100		121,742
Goodyear Tire & Rubber Co.:
6.50%, 3/01/21 (f)	USD		901		944,924
5.00%, 5/31/26			67		67,754
Icahn Enterprises LP/Icahn Enterprises Finance Corp., 4.88%, 3/15/19 (f)			1,314		1,269,653
Schaeffler Holding Finance BV (h):
(5.75% Cash or 6.50% PIK), 5.75%, 11/15/21	EUR		69		82,208
(6.25% Cash), 6.25%, 11/15/19 (e)(f)	USD		804		840,180
(6.75% Cash), 6.75%, 11/15/22 (e)(f)			576		634,663
(6.88% Cash), 6.88%, 8/15/18	EUR		141		152,110

					4,537,088
Automobiles — 0.4%
General Motors Co., 3.50%, 10/02/18 (f)	USD		2,478		2,541,677
Banks — 1.4%
Allied Irish Banks PLC, 4.13%, 11/26/25 (d)	EUR		100		105,980
Banco de Sabadell SA, 5.63%, 5/06/26			100		112,925
Banco Espirito Santo SA (a)(b):
4.75%, 1/15/18			100		24,479


Corporate Bonds		Par (000)		Value
Banks (continued)
Banco Espirito Santo SA (a)(b) (continued):
4.00%, 1/21/19	EUR		100	$	24,478
Bank of Ireland, 4.25%, 6/11/24 (d)			100		111,258
Bankia SA, 4.00%, 5/22/24 (d)			100		108,465
Barclays Bank PLC, 3.65%, 3/16/25 (f)	USD		3,600		3,490,765
CIT Group, Inc.:
5.50%, 2/15/19 (e)(f)			1,195		1,248,775
5.00%, 8/01/23			235		239,700
Commerzbank AG, 7.75%, 3/16/21	EUR		100		134,696
Ibercaja Banco SA, 5.00%, 7/28/25 (d)			100		105,313
Nordea Bank AB, 4.50%, 3/26/20			1,020		1,284,833
Santander Holdings USA, Inc., 4.50%, 7/17/25 (f)	USD		1,750		1,800,932

					8,792,599
Beverages — 0.5%
Anheuser-Busch InBev Finance, Inc., 3.30%, 2/01/23 (f)			3,000		3,084,903
Constellation Brands, Inc., 7.25%, 5/15/17			82		86,202

					3,171,105
Building Products — 0.9%
American Builders & Contractors Supply Co., Inc. (e):
5.63%, 4/15/21			190		197,125
5.75%, 12/15/23			141		146,640
Building Materials Corp. of America, 6.00%, 10/15/25 (e)(f)			535		568,438
CPG Merger Sub LLC, 8.00%, 10/01/21 (e)(f)			1,030		973,350
HeidelbergCement AG, 2.25%, 3/30/23	EUR		75		85,222
Masonite International Corp., 5.63%, 3/15/23 (e)(f)	USD		404		422,180
Ply Gem Industries, Inc., 6.50%, 2/01/22 (f)			904		899,480
Standard Industries, Inc. (e)(f):
5.13%, 2/15/21			140		145,250
5.50%, 2/15/23			229		235,870
USG Corp., 9.75%, 1/15/18 (f)			1,390		1,553,700

					5,227,255
Capital Markets — 0.6%
American Capital Ltd., 6.50%, 9/15/18 (e)(f)			975		994,500
Blackstone CQP Holdco LP, 9.30%, 3/19/19			1,146		1,143,055



BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2016	3


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


Corporate Bonds	Par (000)			Value
Capital Markets (continued)
E*Trade Financial Corp. (f):
5.38%, 11/15/22		USD	272	$	284,240
4.63%, 9/15/23			405		406,013
Morgan Stanley, 4.00%, 7/23/25 (f)			965		1,014,380

					3,842,188
Chemicals — 0.6%
Axalta Coating Systems US Holdings, Inc./Axalta Coating Systems Dutch Holding BV, 7.38%, 5/01/21 (e)			398		421,601
Chemours Co.:
6.63%, 5/15/23			125		112,188
7.00%, 5/15/25			195		170,991
Huntsman International LLC:
4.88%, 11/15/20			133		135,328
5.13%, 4/15/21		EUR	100		114,547
Ineos Finance PLC, 4.00%, 5/01/23			100		108,736
Inovyn Finance PLC, 6.25%, 5/15/21			100		115,298
Momentive Performance Materials, Inc., 3.88%, 10/24/21 (f)		USD	590		472,000
NOVA Chemicals Corp., 5.25%, 8/01/23 (e)			130		130,325
Platform Specialty Products Corp. (e):
10.38%, 5/01/21			53		54,060
6.50%, 2/01/22 (f)			1,472		1,307,320
PQ Corp., 6.75%, 11/15/22 (e)			319		332,557
WR Grace & Co-Conn (e):
5.13%, 10/01/21			41		42,512
5.63%, 10/01/24			200		211,500

					3,728,963
Commercial Services & Supplies — 0.8%
AA Bond Co., Ltd., 5.50%, 7/31/43		GBP	125		177,875
ADS Waste Holdings, Inc., 8.25%, 10/01/20		USD	247		254,410
ADT Corp.:
3.50%, 7/15/22			369		338,558
4.13%, 6/15/23			155		144,150
Aviation Capital Group Corp., 4.63%, 1/31/18 (e)(f)			1,000		1,023,750
Brand Energy & Infrastructure Services, Inc., 8.50%, 12/01/21 (e)			319		303,050
Iron Mountain, Inc., 6.00%, 10/01/20 (e)			315		332,325
Mobile Mini, Inc.:
7.88%, 12/01/20 (f)			275		286,000
5.88%, 7/01/24 (e)			400		410,000


Corporate Bonds	Par (000)			Value
Commercial Services & Supplies (continued)
Modular Space Corp., 10.25%, 1/31/19 (e)(f)		USD	1,253	$	635,897
Silk Bidco AS, 7.50%, 2/01/22		EUR	120		137,524
United Rentals North America, Inc.:
7.63%, 4/15/22		USD	128		136,160
5.75%, 11/15/24 (f)			579		580,447
Verisure Holding AB, 6.00%, 11/01/22		EUR	125		149,165

					4,909,311
Communications Equipment — 1.0%
Alcatel-Lucent USA, Inc., 6.45%, 3/15/29 (f)		USD	2,115		2,241,900
CommScope Technologies Finance LLC, 6.00%, 6/15/25 (e)(f)			564		573,870
CommScope, Inc., 4.38%, 6/15/20 (e)(f)			465		478,950
Motorola Solutions, Inc., 3.75%, 5/15/22 (f)			1,500		1,472,800
Nokia OYJ, 6.63%, 5/15/39			200		212,500
Zayo Group LLC/Zayo Capital, Inc. (f):
6.00%, 4/01/23			704		723,360
6.38%, 5/15/25			589		612,560

					6,315,940
Construction & Engineering — 0.3%
AECOM Co.:
5.75%, 10/15/22			150		154,875
5.88%, 10/15/24			344		356,040
BlueLine Rental Finance Corp., 7.00%, 2/01/19 (e)(f)			575		485,875
Safway Group Holding LLC/Safway Finance Corp., 7.00%, 5/15/18 (e)(f)			463		467,630
Weekley Homes LLC/Weekley Finance Corp., 6.00%, 2/01/23			320		297,600

					1,762,020
Construction Materials — 0.8%
Beacon Roofing Supply, Inc., 6.38%, 10/01/23			305		323,300
HD Supply, Inc. (f):
7.50%, 7/15/20			1,548		1,633,140
5.25%, 12/15/21 (e)			1,828		1,923,970
5.75%, 4/15/24 (e)			647		672,880
LKQ Italia Bondco SpA, 3.88%, 4/01/24		EUR	100		115,298
Officine MaccaFerri SpA, 5.75%, 6/01/21			150		150,256
PulteGroup, Inc., 5.50%, 3/01/26		USD	228		232,419



4	BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2016


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


Corporate Bonds		Par (000)		Value
Construction Materials (continued)
Rexel SA, 3.50%, 6/15/23	EUR		116	$	131,649

					5,182,912
Consumer Finance — 1.5%
Ally Financial, Inc. (f):
4.63%, 3/30/25	USD		1,891		1,886,272
8.00%, 11/01/31			2,750		3,231,250
General Motors Financial Co., Inc., 2.63%, 7/10/17 (f)			2,760		2,780,347
McGraw Hill Financial, Inc., 2.50%, 8/15/18			445		452,019
Navient Corp.:
5.00%, 10/26/20			310		289,850
5.50%, 1/25/23			25		21,500
6.13%, 3/25/24			115		101,308
5.88%, 10/25/24			125		106,875
OneMain Financial Holdings LLC (e):
6.75%, 12/15/19			101		102,010
7.25%, 12/15/21			34		34,170

					9,005,601
Containers & Packaging — 0.9%
Ardagh Packaging Finance PLC, 9.13%, 10/15/20 (e)(f)			1,140		1,194,720
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc.:
6.75%, 1/31/21 (e)			605		609,537
3.88%, 5/15/21 (d)(e)			290		290,725
4.25%, 1/15/22	EUR		120		136,022
6.75%, 5/15/24			100		112,934
Ardagh Packaging Finance PLC/Ardagh MP Holdings USA, Inc. (e):
4.63%, 5/15/23	USD		206		204,970
7.25%, 5/15/24 (f)			653		666,060
Ball Corp.:
5.00%, 3/15/22			360		376,200
4.38%, 12/15/23	EUR		100		120,272
Beverage Packaging Holdings Luxembourg II SA, 6.00%, 6/15/17 (e)(f)	USD		550		550,000
Crown Americas LLC/Crown Americas Capital Corp. IV, 4.50%, 1/15/23			128		129,440
Crown European Holdings SA, 4.00%, 7/15/22	EUR		149		178,633
JH-Holding Finance SA, (8.25% Cash), 8.25%, 12/01/22 (h)			200		237,128
Sealed Air Corp.:
4.88%, 12/01/22 (e)	USD		80		81,800
4.50%, 9/15/23	EUR		100		117,861
5.13%, 12/01/24 (e)	USD		151		155,152


Corporate Bonds		Par (000)		Value
Containers & Packaging (continued)
Sealed Air Corp. (continued): 6.88%, 7/15/33 (e)	USD		115	$	120,750
SGD Group SAS, 5.63%, 5/15/19	EUR		100		114,603

					5,396,807
Diversified Consumer Services — 0.2%
APX Group, Inc.:
6.38%, 12/01/19	USD		44		43,560
8.75%, 12/01/20			113		102,830
Laureate Education, Inc., 9.25%, 9/01/19 (e)			495		455,400
Prime Security Services Borrower LLC/Prime Finance, Inc., 9.25%, 5/15/23 (e)			333		347,152
Service Corp. International, 5.38%, 5/15/24 (f)			500		517,500

					1,466,442
Diversified Financial Services — 1.4%
AerCap Ireland Capital Ltd./AerCap Global Aviation Trust (f):
4.63%, 10/30/20			1,015		1,050,525
5.00%, 10/01/21			500		523,750
4.63%, 7/01/22			340		348,500
Aircastle Ltd.:
6.25%, 12/01/19 (f)			367		401,406
5.13%, 3/15/21			40		42,200
5.50%, 2/15/22			205		216,275
5.00%, 4/01/23			90		92,025
Deutsche Bank AG, 4.50%, 5/19/26	EUR		100		110,504
Garfunkelux Holdco 3 SA, 8.50%, 11/01/22	GBP		100		146,486
General Motors Financial Co., Inc., 4.38%, 9/25/21 (f)	USD		530		555,667
HSH Nordbank AG, 0.58%, 2/14/17 (d)	EUR		103		106,601
International Lease Finance Corp. (f):
5.88%, 4/01/19	USD		160		171,000
8.25%, 12/15/20			150		176,438
4.63%, 4/15/21			147		151,778
5.88%, 8/15/22			560		611,100
Jefferies Finance LLC/JFIN Co-Issuer Corp. (e):
7.38%, 4/01/20			290		272,600
6.88%, 4/15/22 (f)			480		422,400
Mercury Bondco PLC, (8.25% Cash, 9.00% PIK), 8.25%, 5/30/21 (h)	EUR		100		113,490
MSCI, Inc., 5.75%, 8/15/25 (e)	USD		201		211,552
Reynolds Group Issuer, Inc.:
9.88%, 8/15/19			245		254,494



BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2016	5


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


Corporate Bonds	Par (000)			Value
Diversified Financial Services (continued)
Reynolds Group Issuer, Inc. (continued):
5.75%, 10/15/20 (f)		USD	1,062	$	1,095,187
6.88%, 2/15/21			210		217,875
8.25%, 2/15/21			695		721,966
UniCredit SpA:
6.95%, 10/31/22		EUR	100		128,436
5.75%, 10/28/25 (d)			100		118,699
4.38%, 1/03/27 (d)(g)			100		111,165

					8,372,119
Diversified Telecommunication Services — 2.2%
CenturyLink, Inc., 6.45%, 6/15/21		USD	456		462,840
Frontier Communications Corp.:
7.13%, 3/15/19			170		180,625
6.25%, 9/15/21			45		41,963
7.13%, 1/15/23			170		151,725
7.63%, 4/15/24			276		243,570
6.88%, 1/15/25 (f)			947		788,377
Level 3 Financing, Inc.:
4.41%, 1/15/18 (d)			411		414,596
5.38%, 8/15/22 (f)			971		985,565
5.13%, 5/01/23 (f)			905		909,525
5.38%, 1/15/24			240		244,248
5.38%, 5/01/25 (f)			1,725		1,755,532
5.25%, 3/15/26 (e)			167		166,583
OTE PLC, 3.50%, 7/09/20		EUR	100		111,265
SoftBank Group Corp., 4.75%, 7/30/25			122		145,408
Telecom Italia Capital SA:
6.38%, 11/15/33		USD	130		129,025
6.00%, 9/30/34			630		596,925
7.20%, 7/18/36			160		163,520
Telecom Italia Finance SA, 7.75%, 1/24/33		EUR	37		55,318
Telecom Italia SpA:
6.38%, 6/24/19		GBP	200		318,412
5.88%, 5/19/23			450		715,630
Telenet Finance V Luxembourg SCA, 6.75%, 8/15/24		EUR	397		493,660
Verizon Communications, Inc., 3.65%, 9/14/18 (f)		USD	4,000		4,200,424

					13,274,736
Electric Utilities — 0.5%
AES Corp.:
8.00%, 6/01/20 (f)			230		268,525
4.88%, 5/15/23			270		266,625
Exelon Corp., 3.40%, 4/15/26			140		141,397
Mirant Mid Atlantic Pass-Through Trust, Series B, 9.13%, 6/30/17 (f)			303		290,633
The Southern Co., 2.95%, 7/01/23			1,920		1,945,394


Corporate Bonds	Par (000)			Value
Electric Utilities (continued)
Texas Competitive Electric Holdings Co. LLC/TCEH Finance Inc. (a)(b):
10.50%, 11/01/16		USD	31	$	1,907
Series A, 10.25%, 11/01/15			47		2,890

					2,917,371
Electrical Equipment — 0.0%
Belden, Inc., 5.50%, 4/15/23		EUR	149		169,349
Electronic Equipment, Instruments & Components — 0.2%
CDW LLC/CDW Finance Corp.:
6.00%, 8/15/22 (f)		USD	615		645,750
5.00%, 9/01/23			122		122,610
5.50%, 12/01/24 (f)			455		467,513

					1,235,873
Energy Equipment & Services — 0.4%
Ensco PLC:
4.70%, 3/15/21			75		58,875
4.50%, 10/01/24			287		179,375
5.20%, 3/15/25 (f)			288		191,376
Genesis Energy LP/Genesis Energy Finance Corp.:
5.75%, 2/15/21			30		27,900
6.75%, 8/01/22			282		267,900
Halliburton Co., 3.80%, 11/15/25 (f)			100		101,206
Noble Holding International Ltd.:
4.63%, 3/01/21			35		26,425
6.95%, 4/01/25			95		69,587
Transocean, Inc.:
3.75%, 10/15/17 (f)			414		402,615
6.00%, 3/15/18 (f)			740		717,800
7.38%, 4/15/18			30		29,213
6.50%, 11/15/20			179		138,277
5.05%, 10/15/22			111		69,930

					2,280,479
Environmental, Maintenance, & Security Service — 0.0%
Befesa Zinc SAU Via Zinc Capital SA, 8.88%, 5/15/18		EUR	100		111,265
Food & Staples Retailing — 1.1%
Albertsons Cos. LLC/Safeway, Inc./New Albertson’s, Inc./Albertson’s LLC, 6.63%, 6/15/24 (e)		USD	264		270,270
Brakes Capital, 7.13%, 12/15/18		GBP	255		383,216
Casino Guichard Perrachon SA:
3.31%, 1/25/23		EUR	100		117,482
3.25%, 3/07/24			200		230,623
2.33%, 2/07/25			100		108,019



6	BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2016


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


Corporate Bonds	Par (000)			Value
Food & Staples Retailing (continued)
CVS Health Corp., 4.75%, 12/01/22 (e)(f)		USD	165	$	183,722
Dollar Tree, Inc. (e):
5.25%, 3/01/20			108		112,590
5.75%, 3/01/23 (f)			2,161		2,282,556
R&R Ice Cream PLC, 4.75%, 5/15/20		EUR	150		170,456
Rite Aid Corp. (f):
9.25%, 3/15/20		USD	1,095		1,155,225
6.13%, 4/01/23 (e)			1,570		1,660,275
Tesco PLC, 5.00%, 3/24/23		GBP	100		150,245

					6,824,679
Food Products — 0.7%
Acosta, Inc., 7.75%, 10/01/22 (e)		USD	464		447,760
Aramark Services, Inc.:
5.13%, 1/15/24 (e)			138		143,175
5.13%, 1/15/24 (f)			729		756,337
JBS USA LLC/JBS USA Finance, Inc., 5.75%, 6/15/25 (e)			256		244,480
Pinnacle Foods Finance Corp., 5.88%, 1/15/24 (e)			62		65,100
Post Holdings, Inc.:
7.38%, 2/15/22			245		258,781
7.75%, 3/15/24 (e)(f)			844		916,795
8.00%, 7/15/25 (e)			416		461,760
Smithfield Foods, Inc., 5.88%, 8/01/21 (e)			193		201,203
TreeHouse Foods, Inc., 6.00%, 2/15/24 (e)			383		403,108
WhiteWave Foods Co., 5.38%, 10/01/22			168		179,550

					4,078,049
Health Care Equipment & Supplies — 0.6%
Crimson Merger Sub, Inc., 6.63%, 5/15/22 (e)			485		395,881
DJO Finance LLC/DJO Finance Corp., 8.13%, 6/15/21 (e)(f)			1,261		1,131,747
Fresenius Medical Care US Finance II, Inc., 4.75%, 10/15/24 (e)			245		254,494
Fresenius US Finance II, Inc., 4.50%, 1/15/23 (e)			260		267,800
Hologic, Inc., Series 2010, 2.00%, 12/15/37 (i)(j)			265		397,831
Kinetic Concepts, Inc./KCI USA, Inc., 7.88%, 2/15/21 (e)			93		99,769
Mallinckrodt International Finance SA/Mallinckrodt CB LLC (e):
4.88%, 4/15/20 (f)			284		275,480
5.75%, 8/01/22			330		311,850


Corporate Bonds	Par (000)			Value
Health Care Equipment & Supplies (continued)
Teleflex, Inc.:
3.88% (j)(k)		USD	100	$	262,000
5.25%, 6/15/24			250		258,750
4.88%, 6/01/26			96		96,240

					3,751,842
Health Care Providers & Services — 2.8%
Acadia Healthcare Co., Inc.:
5.13%, 7/01/22			105		105,525
5.63%, 2/15/23			150		152,438
6.50%, 3/01/24 (e)			61		63,305
Alere, Inc., 6.38%, 7/01/23 (e)			330		344,150
Amsurg Corp., 5.63%, 7/15/22 (f)			566		574,490
Centene Corp., 4.75%, 5/15/22			370		380,175
Centene Escrow Corp. (e):
5.63%, 2/15/21			359		373,360
6.13%, 2/15/24			213		224,317
CHS/Community Health Systems, Inc., 6.88%, 2/01/22 (f)			414		355,787
DaVita HealthCare Partners, Inc. (f):
5.13%, 7/15/24			975		988,162
5.00%, 5/01/25			217		215,101
Envision Healthcare Corp., 5.13%, 7/01/22 (e)			165		165,413
ExamWorks Group, Inc., 5.63%, 4/15/23			216		231,660
HCA Holdings, Inc., 6.25%, 2/15/21			35		37,450
HCA, Inc.:
3.75%, 3/15/19 (f)			786		809,580
6.50%, 2/15/20 (f)			125		137,500
7.50%, 2/15/22 (f)			572		648,505
5.88%, 3/15/22 (f)			82		88,560
4.75%, 5/01/23 (f)			108		110,160
5.88%, 5/01/23			70		74,113
5.00%, 3/15/24 (f)			335		343,794
5.38%, 2/01/25 (f)			637		646,555
5.25%, 4/15/25 (f)			1,230		1,266,900
5.88%, 2/15/26			426		440,910
5.25%, 6/15/26			123		126,383
HealthSouth Corp.:
5.75%, 11/01/24 (f)			720		729,900
5.75%, 9/15/25			257		259,570
2.00%, 12/01/43 (j)			335		397,184
Hologic, Inc., 5.25%, 7/15/22 (e)(f)			720		753,300
MEDNAX, Inc., 5.25%, 12/01/23 (e)(f)			201		205,649
MPH Acquisition Holdings LLC, 7.13%, 6/01/24 (e)(g)			307		315,442



BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2016	7


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


Corporate Bonds		Par (000)		Value
Health Care Providers & Services (continued)
RegionalCare Hospital Partners Holdings, Inc., 8.25%, 5/01/23 (e)	USD		376	$	387,047
Sterigenics-Nordion Holdings LLC, 6.50%, 5/15/23 (e)			104		105,820
Surgery Center Holdings, Inc., 8.88%, 4/15/21 (e)			71		71,355
Tenet Healthcare Corp.:
6.25%, 11/01/18 (f)			264		279,180
4.75%, 6/01/20 (f)			520		532,025
4.13%, 6/15/20 (d)(e)(f)			805		800,975
6.00%, 10/01/20			241		253,652
6.75%, 6/15/23 (f)			1,430		1,344,200
UnitedHealth Group, Inc., 3.75%, 7/15/25 (f)			1,470		1,585,821
Voyage Care Bondco PLC, 6.50%, 8/01/18	GBP		355		507,650

					17,433,063
Hotels, Restaurants & Leisure — 4.2%
Boyd Gaming Corp., 6.88%, 5/15/23	USD		336		352,296
Caesars Entertainment Resort Properties LLC/Caesars Entertainment Resort Property, 8.00%, 10/01/20 (f)			1,270		1,279,525
Carlson Travel Holdings, Inc., (7.50% Cash or 8.25% PIK), 7.50%, 8/15/19 (e)(h)			204		197,370
Cirsa Funding Luxembourg SA, 5.88%, 5/15/23	EUR		100		113,602
CPUK Finance, Ltd., 7.00%, 2/28/42	GBP		100		151,932
Enterprise Funding Ltd., Series ETI, 3.50%, 9/10/20 (j)			100		112,754
ESH Hospitality, Inc., 5.25%, 5/01/25 (e)(f)	USD		766		743,020
Gala Electric Casinos PLC, 11.50%, 6/01/19	GBP		64		95,762
GLP Capital LP / GLP Financing II, Inc., 4.38%, 4/15/21	USD		48		49,200
GLP Capital LP/GLP Financing II, Inc., 4.38%, 11/01/18 (f)			357		368,603
International Game Technology PLC, 4.75%, 2/15/23	EUR		125		145,688
McDonald’s Corp., 3.70%, 1/30/26 (f)	USD		405		430,769
MGM Resorts International:
8.63%, 2/01/19			149		168,743
5.25%, 3/31/20			368		380,880
6.75%, 10/01/20			413		449,344
6.63%, 12/15/21 (f)			960		1,035,600
6.00%, 3/15/23			17		17,765


Corporate Bonds		Par (000)		Value
Hotels, Restaurants & Leisure (continued)
MGP Escrow Issuer LLC/MGP Escrow Co-Issuer, Inc., 5.63%, 5/01/24 (e)(f)	USD		981	$	1,030,050
New Red Finance, Inc., 6.00%, 4/01/22 (e)(f)			1,095		1,134,694
Pinnacle Entertainment, Inc., 5.63%, 5/01/24 (e)			68		66,470
Pizzaexpress Financing 2 PLC, 6.63%, 8/01/21	GBP		100		144,485
PortAventura Entertainment Barcelona BV, 7.25%, 12/01/20	EUR		100		116,292
RHP Hotel Properties LP/RHP Finance Corp., 5.00%, 4/15/21 (f)	USD		630		642,600
Sabre GLBL, Inc. (e):
5.38%, 4/15/23			192		196,320
5.25%, 11/15/23			92		93,955
Scientific Games International, Inc.:
7.00%, 1/01/22 (e)			394		397,940
10.00%, 12/01/22			94		76,140
Six Flags Entertainment Corp., 5.25%, 1/15/21 (e)			486		503,311
Snai SpA, 7.63%, 6/15/18	EUR		205		238,358
Spirit Issuer PLC:
Series A1, 1.14%, 12/28/28 (d)	GBP		445		432,503
Series A2, 3.29%, 12/28/31 (d)			1,800		2,282,532
Series A5, 5.47%, 12/28/28			4,500		6,510,274
Series A6, 2.39%, 12/28/36 (d)			2,670		3,579,386
Station Casinos LLC, 7.50%, 3/01/21 (f)	USD		1,025		1,078,812
Tropicana Entertainment LLC/Tropicana Finance Corp., 9.63%, 12/15/16 (a)(b)			375		—
Unique Pub Finance Co. PLC:
Series A4, 5.66%, 6/30/27	GBP		722		1,029,297
Series N, 6.46%, 3/30/32			100		122,535
Yum! Brands, Inc.:
3.75%, 11/01/21	USD		68		65,620
3.88%, 11/01/23			30		27,600

					25,862,027
Household Durables — 0.6%
Beazer Homes USA, Inc., 6.63%, 4/15/18			250		255,067
Berkline/Benchcraft LLC, 4.50%, 6/01/17 (a)(b)			200		—
Brookfield Residential Properties, Inc./Brookfield Residential US Corp., 6.13%, 7/01/22 (e)			259		246,698



8	BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2016


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


Corporate Bonds		Par (000)		Value
Household Durables (continued)
CalAtlantic Group Inc., 8.38%, 1/15/21 (f)	USD		220	$	257,950
DR Horton, Inc., 4.00%, 2/15/20 (f)			340		351,050
Lennar Corp.:
4.50%, 11/15/19			370		383,412
4.75%, 4/01/21			158		161,555
4.88%, 12/15/23			122		120,475
4.75%, 5/30/25			260		254,800
Meritage Homes Corp., 4.50%, 3/01/18 (f)			510		520,200
PulteGroup, Inc., 6.38%, 5/15/33 (f)			600		609,000
TRI Pointe Group, Inc.:
4.38%, 6/15/19			110		110,000
4.88%, 7/01/21			190		190,238
5.88%, 6/15/24 (f)			340		339,150

					3,799,595
Household Products — 0.3%
Prestige Brands, Inc., 6.38%, 3/01/24 (e)			150		157,875
Spectrum Brands, Inc.:
6.38%, 11/15/20			250		262,188
6.63%, 11/15/22 (f)			815		868,488
5.75%, 7/15/25 (f)			396		413,820
Tempur Sealy International, Inc., 5.50%, 6/15/26 (e)			136		136,680

					1,839,051
Independent Power and Renewable Electricity Producers — 0.6%
Calpine Corp.:
6.00%, 1/15/22 (e)			143		149,971
5.38%, 1/15/23 (f)			624		609,765
5.88%, 1/15/24 (e)			108		113,130
5.50%, 2/01/24 (f)			410		396,547
Dynegy, Inc.:
6.75%, 11/01/19 (f)			610		611,525
7.38%, 11/01/22			154		148,610
NRG Energy, Inc.:
8.25%, 9/01/20			30		31,125
7.88%, 5/15/21			380		394,250
6.63%, 3/15/23			40		39,700
7.25%, 5/15/26 (e)			461		459,848
NRG Yield Operating LLC, 5.38%, 8/15/24			135		129,938
QEP Resources, Inc., 5.38%, 10/01/22 (f)			874		812,820

					3,897,229


Corporate Bonds		Par (000)		Value
Insurance — 1.5%
Allied World Assurance Co. Holdings Ltd., 4.35%, 10/29/25 (f)	USD		360	$	360,832
Allied World Assurance Co. Ltd., 7.50%, 8/01/16 (f)			1,500		1,515,142
American International Group, Inc., 3.75%, 7/10/25 (f)			2,705		2,718,089
Aon PLC, 3.88%, 12/15/25 (f)			1,115		1,147,969
Forethought Financial Group, Inc., 8.63%, 4/15/21 (e)(f)			750		810,826
HUB International Ltd. (e):
9.25%, 2/15/21			129		134,160
7.88%, 10/01/21 (f)			678		664,440
Lincoln National Corp., 3.35%, 3/09/25 (f)			845		825,320
Muenchener Rueckversicherungs AG, 6.00%, 5/26/41 (d)	EUR		400		522,938
Pension Insurance Corp. PLC, 6.50%, 7/03/24	GBP		125		167,580
Trader Corp., 9.88%, 8/15/18 (e)(f)	USD		150		155,250
Wayne Merger Sub LLC, 8.25%, 8/01/23 (e)			435		431,738

					9,454,284
Internet Software & Services — 0.3%
Blue Coat Holdings, Inc., 8.38%, 6/01/23 (e)			411		441,311
Equinix, Inc., 5.88%, 1/15/26 (f)			828		863,190
Netflix, Inc., 5.75%, 3/01/24 (f)			600		627,000

					1,931,501
IT Services — 1.1%
Ceridian HCM Holding, Inc., 11.00%, 3/15/21 (e)(f)			219		219,548
First Data Corp. (e)(f):
5.38%, 8/15/23			1,093		1,120,325
7.00%, 12/01/23			2,271		2,302,226
5.00%, 1/15/24			716		715,549
5.75%, 1/15/24			2,234		2,234,000
Millennium Corp., 0.00%, 12/31/49 (b)			1,779		—
WEX, Inc., 4.75%, 2/01/23 (e)			220		202,400

					6,794,048
Life Sciences Tools & Services — 0.0%
Thermo Fisher Scientific, Inc., 3.00%, 4/15/23			305		306,173
Machinery — 0.0%
Gardner Denver, Inc., 6.88%, 8/15/21 (e)			135		115,763



BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2016	9


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


Corporate Bonds	Par (000)			Value
Media — 6.6%
Altice Financing SA:
6.50%, 1/15/22 (e)(f)		USD	335	$	340,863
5.25%, 2/15/23		EUR	100		114,742
7.50%, 5/15/26 (e)		USD	237		236,408
Altice Luxembourg SA:
7.25%, 5/15/22		EUR	200		226,424
7.75%, 5/15/22 (e)(f)		USD	850		870,719
6.25%, 2/15/25		EUR	175		182,544
7.63%, 2/15/25 (e)(f)		USD	540		533,250
Altice US Finance I Corp. (e):
5.38%, 7/15/23 (f)			1,146		1,166,490
5.50%, 5/15/26			439		447,780
Altice US Finance II Corp., 7.75%, 7/15/25 (e)(f)			1,276		1,323,850
AMC Networks, Inc.:
4.75%, 12/15/22			70		70,000
5.00%, 4/01/24			267		267,668
CCO Holdings LLC/CCO Holdings Capital Corp.:
5.25%, 9/30/22 (f)			595		611,362
5.13%, 2/15/23			270		274,725
5.13%, 5/01/23 (e)(f)			561		568,012
5.88%, 4/01/24 (e)(f)			566		590,055
5.75%, 2/15/26 (e)(f)			198		202,950
5.50%, 5/01/26 (e)			419		423,190
5.88%, 5/01/27 (e)(f)			1,025		1,049,344
Cengage Learning Acquisitions, Inc., 11.50%, 4/15/20 (a)(b)			509		—
Cequel Communications Escrow 1 LLC/Cequel Capital Corp., 6.38%, 9/15/20 (e)			150		152,702
Cequel Communications Holdings I LLC/Cequel Capital Corp., 5.13%, 12/15/21 (e)			596		568,780
Charter Communications Operating LLC/Charter Communications Operating Capital, 4.91%, 7/23/25 (e)(f)			2,425		2,593,836
Clear Channel International BV, 8.75%, 12/15/20 (e)			425		437,750
Clear Channel Worldwide Holdings, Inc. (f):
6.50%, 11/15/22			2,289		2,265,729
Series B, 7.63%, 3/15/20			952		913,920
Columbus International, Inc., 7.38%, 3/30/21 (e)(f)			686		719,099
CSC Holdings LLC, 5.25%, 6/01/24 (f)			690		621,000
Discovery Communications LLC (f):
3.25%, 4/01/23			1,490		1,441,956
3.45%, 3/15/25			170		164,282
DISH DBS Corp.:
4.25%, 4/01/18 (f)			670		686,750


Corporate Bonds	Par (000)			Value
Media (continued)
DISH DBS Corp. (continued):
5.88%, 7/15/22		USD	65	$	62,888
5.88%, 11/15/24 (f)			541		500,701
DreamWorks Animation SKG, Inc., 6.88%, 8/15/20 (e)			185		196,331
iHeartCommunications, Inc.:
9.00%, 12/15/19			380		298,300
9.00%, 3/01/21			50		37,313
9.00%, 9/15/22 (f)			755		556,812
10.63%, 3/15/23 (f)			944		698,560
Intelsat Jackson Holdings SA:
7.25%, 10/15/20			496		345,960
6.63%, 12/15/22			243		163,418
5.50%, 8/01/23 (f)			501		321,893
8.00%, 2/15/24 (e)(f)			681		693,769
Lamar Media Corp., 5.75%, 2/01/26 (e)			234		246,285
Live Nation Entertainment, Inc., 7.00%, 9/01/20 (e)			185		194,085
McGraw-Hill Global Education Holdings LLC/McGraw-Hill Global Education Finance, 7.88%, 5/15/24 (e)			91		94,640
MDC Partners, Inc., 6.50%, 5/01/24 (e)			420		406,350
Midcontinent Communications & Midcontinent Finance Corp., 6.25%, 8/01/21 (e)			245		253,575
NAI Entertainment Holdings/NAI Entertainment Holdings Finance Corp., 5.00%, 8/01/18 (e)(f)			345		351,900
Neptune Finco Corp. (e):
10.13%, 1/15/23			426		477,120
6.63%, 10/15/25 (f)			445		475,264
Nielsen Finance LLC/Nielsen Finance Co., 5.00%, 4/15/22 (e)(f)			635		649,287
Numericable Group SA:
5.38%, 5/15/22		EUR	110		127,036
6.00%, 5/15/22 (e)(f)		USD	370		368,335
5.63%, 5/15/24		EUR	260		300,137
7.38%, 5/01/26 (e)(f)		USD	1,943		1,960,001
Outfront Media Capital LLC/Outfront Media Capital Corp.:
5.25%, 2/15/22			300		304,875
5.63%, 2/15/24			439		454,365
RCN Telecom Services LLC/RCN Capital Corp., 8.50%, 8/15/20 (e)(f)			450		463,500
Sirius XM Radio, Inc. (e):
5.75%, 8/01/21 (f)			424		443,610
4.63%, 5/15/23			40		39,300



10	BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2016


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


Corporate Bonds		Par (000)		Value
Media (continued)
Sterling Entertainment Corp., 9.75%, 12/15/19	USD		1,175	$	1,163,250
TEGNA, Inc.:
5.13%, 10/15/19			197		202,910
4.88%, 9/15/21 (e)			70		71,400
Tribune Media Co., 5.88%, 7/15/22 (f)			786		793,860
Unitymedia GmbH, 3.75%, 1/15/27	EUR		200		203,615
Unitymedia Hessen GmbH & Co. KG/Unitymedia NRW GmbH:
5.50%, 1/15/23 (e)	USD		210		216,563
4.00%, 1/15/25	EUR		136		154,120
5.00%, 1/15/25 (e)(f)	USD		749		752,745
Univision Communications, Inc. (e)(f):
5.13%, 5/15/23			1,128		1,136,460
5.13%, 2/15/25			1,218		1,208,865
Virgin Media Finance PLC:
6.38%, 10/15/24	GBP		100		147,370
5.75%, 1/15/25 (e)	USD		255		254,363
Virgin Media Secured Finance PLC:
6.00%, 4/15/21	GBP		652		982,910
5.50%, 8/15/26 (e)	USD		200		202,000
WaveDivision Escrow LLC/WaveDivision Escrow Corp., 8.13%, 9/01/20 (e)(f)			790		813,700
Wind Acquisition Finance SA, 7.00%, 4/23/21	EUR		100		106,814
Ziggo Bond Finance BV:
4.63%, 1/15/25			137		149,003
5.88%, 1/15/25 (e)(f)	USD		470		465,300

					40,577,038
Metals & Mining — 2.1%
Alcoa, Inc. (f):
5.87%, 2/23/22			630		647,325
5.13%, 10/01/24			498		480,416
Anglo American Capital PLC:
4.45%, 9/27/20 (e)			106		101,098
3.50%, 3/28/22	EUR		100		102,265
4.13%, 9/27/22 (e)	USD		200		181,500
ArcelorMittal:
6.13%, 6/01/18			370		386,187
7.25%, 2/25/22			22		22,990
7.75%, 3/01/41			195		179,400
Constellium NV, 5.75%, 5/15/24 (e)(f)			1,127		879,060
First Quantum Minerals Ltd. (e):
7.00%, 2/15/21			119		93,936
7.25%, 5/15/22			356		272,340


Corporate Bonds		Par (000)		Value
Metals & Mining (continued)
FMG Resources August 2006 Property Ltd., 9.75%, 3/01/22 (e)	USD		189	$	201,285
Freeport-McMoRan, Inc.:
2.30%, 11/14/17			286		278,850
2.38%, 3/15/18 (f)			1,563		1,516,110
3.10%, 3/15/20			160		145,900
4.00%, 11/14/21			135		117,113
3.55%, 3/01/22			656		549,400
3.88%, 3/15/23 (f)			853		701,592
5.40%, 11/14/34			411		311,332
5.45%, 3/15/43 (f)			221		166,786
Glencore Finance Europe SA, 4.63%, 4/03/18	EUR		100		117,396
Joseph T Ryerson & Son, Inc., 11.00%, 5/15/22 (e)	USD		172		176,730
Kaiser Aluminum Corp.:
8.25%, 6/01/20 (f)			510		531,037
5.88%, 5/15/24 (e)			112		114,957
Novelis, Inc.:
8.38%, 12/15/17			175		178,938
8.75%, 12/15/20 (f)			1,194		1,238,775
Steel Dynamics, Inc.:
5.13%, 10/01/21 (f)			645		657,500
6.38%, 8/15/22 (f)			555		582,750
5.25%, 4/15/23			200		205,160
5.50%, 10/01/24			56		57,551
Teck Resources Ltd.:
2.50%, 2/01/18			257		258,927
3.00%, 3/01/19			291		278,632
8.00%, 6/01/21 (e)(g)			277		282,540
3.75%, 2/01/23			99		72,023
8.50%, 6/01/24 (e)(g)			341		349,525
United States Steel Corp., 8.38%, 7/01/21 (e)			320		330,400
Wise Metals Group LLC/Wise Alloys Finance Corp., 8.75%, 12/15/18 (e)(f)			388		355,990

					13,123,716
Multi-Utilities — 0.3%
Brooklyn Union Gas Co., 3.41%, 3/10/26 (e)(f)			1,475		1,538,786
Multiline Retail — 0.1%
Neiman Marcus Group Ltd., 8.00%, 10/15/21 (e)(f)			566		427,330
Offshore Drilling & Other Services — 0.1%
Lam Research Corp., 3.90%, 6/15/26 (g)			355		361,319



BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2016	11


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


Corporate Bonds		Par (000)		Value
Offshore Drilling & Other Services (continued)
Sensata Technologies BV, 5.63%, 11/01/24 (e)	USD		179	$	187,503

					548,822
Oil, Gas & Consumable Fuels — 5.2%
Alberta Energy Co. Ltd., 7.38%, 11/01/31			73		69,980
California Resources Corp., 8.00%, 12/15/22 (e)(f)			1,817		1,326,410
Carrizo Oil & Gas, Inc., 6.25%, 4/15/23 (f)			695		679,362
Cenovus Energy, Inc.:
5.70%, 10/15/19			44		45,018
3.00%, 8/15/22			37		32,937
3.80%, 9/15/23 (f)			100		89,210
6.75%, 11/15/39 (f)			166		159,516
5.20%, 9/15/43			20		15,818
Cheniere Corpus Christi Holdings LLC, 7.00%, 6/30/24 (e)			513		525,825
Chesapeake Energy Corp.:
3.88%, 4/15/19 (d)			407		298,891
6.63%, 8/15/20			50		32,750
8.00%, 12/15/22 (e)			190		152,950
ConocoPhillips Co., 4.20%, 3/15/21 (f)			290		307,431
CONSOL Energy, Inc.:
5.88%, 4/15/22 (f)			1,571		1,280,365
8.00%, 4/01/23			54		46,440
Continental Resources, Inc.:
5.00%, 9/15/22			322		304,290
4.50%, 4/15/23			197		179,393
3.80%, 6/01/24 (f)			680		593,300
4.90%, 6/01/44			165		135,712
Crestwood Midstream Partners LP/Crestwood Midstream Finance Corp., 6.25%, 4/01/23 (e)			35		32,725
CrownRock LP/CrownRock Finance, Inc., 7.13%, 4/15/21 (e)(f)			1,020		1,055,700
Denbury Resources, Inc., 9.00%, 5/15/21 (e)			578		568,607
Diamondback Energy, Inc., 7.63%, 10/01/21			471		499,849
Encana Corp. (f):
3.90%, 11/15/21			147		130,830
6.50%, 8/15/34			256		226,798
6.63%, 8/15/37			161		141,796
6.50%, 2/01/38			465		410,832
5.15%, 11/15/41			193		141,924
Energy Transfer Equity LP (f):
7.50%, 10/15/20			429		437,580
5.88%, 1/15/24			582		539,805


Corporate Bonds		Par (000)		Value
Oil, Gas & Consumable Fuels (continued)
Energy Transfer Equity LP (f) (continued):
5.50%, 6/01/27	USD		500	$	433,750
Freeport-McMoRan Oil & Gas LLC/FCX Oil & Gas, Inc.:
6.50%, 11/15/20			135		129,600
6.63%, 5/01/21			135		127,912
Genesis Energy LP / Genesis Energy Finance Corp., 5.63%, 6/15/24			83		74,493
Gulfport Energy Corp.:
7.75%, 11/01/20			218		221,270
6.63%, 5/01/23			21		20,633
Hilcorp Energy I LP/Hilcorp Finance Co. (e):
7.63%, 4/15/21			45		46,463
5.00%, 12/01/24 (f)			377		358,150
Marathon Oil Corp., 5.20%, 6/01/45 (f)			290		243,599
Matador Resources Co., 6.88%, 4/15/23			390		391,950
MEG Energy Corp. (e):
6.50%, 3/15/21			384		302,400
7.00%, 3/31/24 (f)			1,669		1,285,130
Memorial Resource Development Corp., 5.88%, 7/01/22 (f)			569		566,866
NGPL PipeCo LLC (e):
7.12%, 12/15/17 (f)			2,203		2,304,889
9.63%, 6/01/19			353		369,767
7.77%, 12/15/37			129		126,742
Oasis Petroleum, Inc.:
7.25%, 2/01/19			40		38,300
6.50%, 11/01/21			300		270,750
6.88%, 3/15/22 (f)			522		480,240
6.88%, 1/15/23			175		157,937
ONEOK, Inc., 4.25%, 2/01/22			70		63,000
Parsley Energy LLC/Parsley Finance Corp. (e):
7.50%, 2/15/22 (f)			515		543,969
6.25%, 6/01/24			61		62,068
QEP Resources, Inc.:
6.88%, 3/01/21			74		74,370
5.25%, 5/01/23			35		32,200
Range Resources Corp.:
5.75%, 6/01/21			161		156,572
5.00%, 3/15/23			275		255,750
4.88%, 5/15/25			40		37,800
Rockies Express Pipeline LLC (e):
6.85%, 7/15/18			183		190,320
6.00%, 1/15/19			20		20,750
5.63%, 4/15/20 (f)			550		559,625
6.88%, 4/15/40			55		53,625



12	BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2016


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


Corporate Bonds		Par (000)		Value
Oil, Gas & Consumable Fuels (continued)
RSP Permian, Inc., 6.63%, 10/01/22	USD		291	$	300,457
Sabine Pass Liquefaction LLC:
5.63%, 2/01/21			245		250,206
5.63%, 4/15/23 (f)			762		769,620
5.75%, 5/15/24 (f)			584		586,920
5.63%, 3/01/25 (f)			252		252,000
Sabine Pass LNG LP, 7.50%, 11/30/16 (f)			2,249		2,299,602
Sanchez Energy Corp.:
7.75%, 6/15/21			50		38,250
6.13%, 1/15/23 (f)			1,054		758,880
Seven Generations Energy Ltd. (e):
8.25%, 5/15/20 (f)			955		997,975
6.75%, 5/01/23			186		188,790
SM Energy Co.:
6.13%, 11/15/22 (f)			503		460,245
5.00%, 1/15/24			10		8,551
Southwestern Energy Co.:
3.30%, 1/23/18			298		287,570
7.50%, 2/01/18			188		188,940
4.10%, 3/15/22			35		28,525
Targa Resources Partners LP/Targa Resources Partners Finance Corp.:
6.88%, 2/01/21			73		73,913
6.38%, 8/01/22			85		84,363
5.25%, 5/01/23			15		14,100
6.75%, 3/15/24 (e)			73		72,088
Tesoro Logistics LP/Tesoro Logistics Finance Corp.:
5.88%, 10/01/20 (f)			138		142,140
6.13%, 10/15/21			39		40,268
6.38%, 5/01/24			111		114,330
Weatherford International LLC:
6.35%, 6/15/17			185		186,850
6.80%, 6/15/37			52		34,840
Weatherford International Ltd.:
6.00%, 3/15/18			252		248,220
5.13%, 9/15/20			159		128,790
4.50%, 4/15/22			112		86,800
6.50%, 8/01/36			75		48,563
7.00%, 3/15/38			85		56,950
5.95%, 4/15/42			161		102,637
Whiting Petroleum Corp.:
5.00%, 3/15/19			36		32,400
1.25%, 4/01/20 (e)(f)(j)			1,298		986,480
5.75%, 3/15/21			450		381,375
6.25%, 4/01/23			206		169,950
Williams Cos., Inc.:
3.70%, 1/15/23			43		36,228
4.55%, 6/24/24			332		289,670


Corporate Bonds		Par (000)		Value
Oil, Gas & Consumable Fuels (continued)
WPX Energy, Inc.:
5.25%, 1/15/17	USD		40	$	39,900
7.50%, 8/01/20			70		68,600
6.00%, 1/15/22			330		297,000
8.25%, 8/01/23			190		185,725

					31,801,645
Paper & Forest Products — 0.0%
Unifrax I LLC/Unifrax Holding Co., 7.50%, 2/15/19 (e)			260		208,000
Pharmaceuticals — 1.7%
AbbVie, Inc., 3.60%, 5/14/25 (f)			695		715,626
Actavis Funding SCS, 3.45%, 3/15/22 (f)			2,460		2,499,126
Capsugel SA, (7.00% Cash or 7.75% PIK), 7.00%, 5/15/19 (e)(h)			121		121,454
DPx Holdings BV, 7.50%, 2/01/22 (e)			110		112,750
Endo Finance LLC/Endo Finco, Inc. (e):
7.50%, 1/15/22			121		112,227
6.00%, 7/15/23 (f)			433		379,053
6.00%, 2/01/25 (f)			398		345,265
Ephios Bondco PLC, 6.25%, 7/01/22	EUR		100		117,106
Grifols Worldwide Operations Ltd., 5.25%, 4/01/22 (f)	USD		479		489,777
Jaguar Holding Co. II/Pharmaceutical Product Development LLC, 6.38%, 8/01/23 (e)(f)			1,179		1,203,759
NBTY, Inc., 7.63%, 5/15/21 (e)			596		607,920
Valeant Pharmaceuticals International, Inc.:
6.75%, 8/15/18 (e)			1,044		1,020,510
5.38%, 3/15/20 (e)			594		524,205
6.38%, 10/15/20 (e)			899		800,110
7.50%, 7/15/21 (e)			335		303,175
5.63%, 12/01/21 (e)			341		288,145
5.50%, 3/01/23 (e)			16		13,280
4.50%, 5/15/23	EUR		300		256,188
5.88%, 5/15/23 (e)	USD		261		219,892
6.13%, 4/15/25 (e)			70		58,538

					10,188,106
Real Estate — 0.3%
AvalonBay Communities, Inc., 3.45%, 6/01/25 (f)			1,245		1,295,187
Prologis LP, 3.75%, 11/01/25 (f)			255		267,857

					1,563,044



BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2016	13


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


Corporate Bonds		Par (000)		Value
Real Estate Investment Trusts (REITs) — 0.7%
Aroundtown Property Holdings PLC, 3.00%, 12/09/21	EUR		200	$	227,070
ERP Operating LP, 3.38%, 6/01/25 (f)	USD		1,015		1,053,258
FelCor Lodging LP, 6.00%, 6/01/25			95		98,088
Hilton Worldwide Finance LLC/Hilton Worldwide Finance Corp., 5.63%, 10/15/21 (f)			485		502,270
iStar Financial, Inc., 4.00%, 11/01/17			250		249,050
Ventas Realty LP, 4.13%, 1/15/26 (f)			650		680,597
Ventas Realty LP/Ventas Capital Corp., 4.75%, 6/01/21 (f)			1,300		1,426,459

					4,236,792
Real Estate Management & Development — 0.5%
Realogy Group LLC/Realogy Co-Issuer Corp. (e):
4.50%, 4/15/19 (f)			611		629,330
5.25%, 12/01/21 (f)			1,632		1,689,120
4.88%, 6/01/23 (g)			453		449,036
Rialto Holdings LLC/Rialto Corp., 7.00%, 12/01/18 (e)			220		217,250
Tesco Property Finance 4 PLC, 5.80%, 10/13/40	GBP		99		129,142

					3,113,878
Road & Rail — 1.1%
Avis Budget Car Rental LLC/Avis Budget Finance, Inc. (e):
5.13%, 6/01/22	USD		140		128,800
6.38%, 4/01/24			30		28,800
5.25%, 3/15/25 (f)			930		816,075
EC Finance PLC, 5.13%, 7/15/21	EUR		180		211,044
Florida East Coast Holdings Corp., 6.75%, 5/01/19 (e)(f)	USD		701		697,495
Herc Spinoff Escrow Issuer LLC/Herc Spinoff Escrow Issuer Corp. (e)(g):
7.50%, 6/01/22			95		95,475
7.75%, 6/01/24			72		72,180
Hertz Corp.:
6.75%, 4/15/19			405		410,366
5.88%, 10/15/20			435		440,981
7.38%, 1/15/21			225		229,781
Lima Metro Line 2 Finance Ltd., 5.88%, 7/05/34 (e)(f)			3,000		3,067,500
Loxam SAS, 3.50%, 5/03/23	EUR		100		112,500


Corporate Bonds		Par (000)		Value
Road & Rail (continued)
Watco Cos. LLC/Watco Finance Corp., 6.38%, 4/01/23 (e)	USD		319	$	317,405

					6,628,402
Semiconductors & Semiconductor Equipment — 0.7%
Analog Devices, Inc., 3.90%, 12/15/25 (f)			375		403,641
Applied Materials, Inc., 3.90%, 10/01/25 (f)			285		305,799
NXP BV / NXP Funding LLC (e):
4.13%, 6/15/20 (f)			1,037		1,057,740
4.63%, 6/01/23			224		225,122
ON Semiconductor Corp., Series B, 2.63%, 12/15/26 (j)			250		268,281
QUALCOMM, Inc., 3.45%, 5/20/25 (f)			1,570		1,633,403
Sensata Technologies BV, 5.00%, 10/01/25 (e)(f)			332		332,830

					4,226,816
Software — 0.7%
ACI Worldwide, Inc., 6.38%, 8/15/20 (e)			360		372,150
Ensemble S Merger Sub, Inc., 9.00%, 9/30/23 (e)			303		303,379
Infinity Acquisition LLC/Infinity Acquisition Finance Corp., 7.25%, 8/01/22 (e)			19		16,625
Infor Software Parent LLC/Infor Software Parent, Inc., (7.13% Cash or 7.88% PIK), 7.13%, 5/01/21 (e)(f)(h)			699		583,588
Infor US, Inc., 6.50%, 5/15/22 (f)			864		792,720
Informatica LLC, 7.13%, 7/15/23 (e)			437		416,242
Nuance Communications, Inc., 5.38%, 8/15/20 (e)(f)			245		248,981
PTC, Inc., 6.00%, 5/15/24			106		110,373
Solera LLC/Solera Finance, Inc., 10.50%, 3/01/24 (e)(f)			824		894,040
SS&C Technologies Holdings, Inc., 5.88%, 7/15/23			483		502,320

					4,240,418
Specialty Retail — 0.6%
Asbury Automotive Group, Inc., 6.00%, 12/15/24			490		499,800
Group 1 Automotive, Inc., 5.00%, 6/01/22			550		547,250
L Brands, Inc., 6.88%, 11/01/35 (f)			515		543,325
Michaels Stores, Inc., 5.88%, 12/15/20 (e)			370		384,800



14	BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2016


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


Corporate Bonds		Par (000)		Value
Specialty Retail (continued)
New Look Secured Issuer PLC, 6.50%, 7/01/22	GBP		200	$	284,688
Penske Automotive Group, Inc.:
5.38%, 12/01/24	USD		551		551,000
5.50%, 5/15/26			190		188,575
Sally Holdings LLC/Sally Capital, Inc., 5.50%, 11/01/23			243		255,150
THOM Europe SAS, 7.38%, 7/15/19	EUR		230		271,584

					3,526,172
Technology Hardware, Storage & Peripherals — 0.2%
Diamond 1 Finance Corp./Diamond 2 Finance Corp. (e)(g):
4.42%, 6/15/21	USD		130		132,596
6.02%, 6/15/26			135		136,469
8.35%, 7/15/46			130		132,338
Hewlett Packard Enterprise Co., 4.90%, 10/15/25 (e)(f)			750		767,638
Western Digital Corp., 7.38%, 4/01/23 (e)			194		201,760

					1,370,801
Textiles, Apparel & Luxury Goods — 0.1%
BiSoho SAS, 5.88%, 5/01/23	EUR		100		114,342
Levi Strauss & Co., 5.00%, 5/01/25	USD		205		205,256
William Carter Co., 5.25%, 8/15/21			116		120,060

					439,658
Thrifts & Mortgage Finance — 0.1%
Radian Group, Inc., 5.25%, 6/15/20 (f)			500		510,000
Tobacco — 0.1%
Reynolds American, Inc., 3.25%, 6/12/20 (f)			396		412,815
Trading Companies & Distributors — 0.1%
Ashtead Capital, Inc., 5.63%, 10/01/24 (e)(f)			220		222,200
Travis Perkins PLC, 4.50%, 9/07/23	GBP		100		143,784

					365,984
Transportation Infrastructure — 1.3%
CEVA Group PLC, 7.00%, 3/01/21 (e)	USD		460		417,450
JCH Parent, Inc., (10.50% Cash or 11.25% PIK), 10.50%, 3/15/19 (e)(h)			968		416,116


Corporate Bonds		Par (000)		Value
Transportation Infrastructure (continued)
Onorato Armatori SpA, 7.75%, 2/15/23	EUR		100	$	109,040
Penske Truck Leasing Co. LP/PTL Finance Corp., 3.38%, 3/15/18 (e)(f)	USD		6,155		6,278,820
Transurban Finance Co., 4.13%, 2/02/26 (e)(f)			435		452,309

					7,673,735
Wireless Telecommunication Services — 1.5%
Communications Sales & Leasing, Inc./CSL Capital LLC, 8.25%, 10/15/23			279		262,957
Digicel Ltd., 6.00%, 4/15/21 (e)(f)			2,073		1,836,429
GEO Group, Inc.:
5.88%, 1/15/22			50		50,750
5.13%, 4/01/23			340		330,650
6.00%, 4/15/26			64		64,640
Matterhorn Telecom SA, 3.88%, 5/01/22	EUR		100		108,644
Rogers Communications, Inc., 5.00%, 3/15/44 (f)	USD		545		605,226
SBA Communications Corp., 5.63%, 10/01/19			209		216,576
Sprint Capital Corp.:
6.90%, 5/01/19			135		125,888
6.88%, 11/15/28 (f)			1,000		746,250
Sprint Communications, Inc.:
9.00%, 11/15/18 (e)(f)			1,454		1,546,692
7.00%, 8/15/20			270		230,990
Sprint Corp.:
7.13%, 6/15/24 (f)			630		474,075
7.63%, 2/15/25			40		30,088
T-Mobile USA, Inc.:
6.63%, 4/28/21 (f)			228		239,685
6.13%, 1/15/22			75		79,125
6.73%, 4/28/22			173		181,434
6.00%, 3/01/23 (f)			513		534,802
6.84%, 4/28/23			55		58,231
6.50%, 1/15/24 (f)			535		567,769
6.38%, 3/01/25			135		141,413
6.50%, 1/15/26 (f)			448		473,760
Wind Acquisition Finance SA, 4.00%, 7/15/20	EUR		195		215,611

					9,121,685
Total Corporate Bonds — 56.6%					346,412,209



BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2016	15


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


Floating Rate Loan Interests (d)		Par (000)		Value
Aerospace & Defense — 0.4%
BE Aerospace, Inc., 2014 Term Loan B, 4.00%, 12/16/21	USD		618	$	620,062
Engility Corp., 2nd Lien Term Loan, 12.00%, 5/30/21			257		255,405
Transdigm, Inc.:
2015 Term Loan E, 3.50%, 5/14/22			639		635,712
Term Loan C, 3.75%, 2/28/20			697		696,941
Term Loan D, 3.75%, 6/04/21			337		336,355

					2,544,475
Air Freight & Logistics — 0.2%
CEVA Group PLC, Synthetic LC, 6.50%, 3/19/21			295		251,592
CEVA Intercompany BV, Dutch Term Loan, 6.50%, 3/19/21			305		260,010
CEVA Logistics Canada ULC, Canadian Term Loan, 6.50%, 3/19/21			53		44,829
CEVA Logistics US Holdings, Inc., Term Loan, 6.50%, 3/19/21			421		358,634
XPO Logistics, Inc., Term Loan, 5.50%, 11/01/21			419		422,092

					1,337,157
Airlines — 0.1%
Northwest Airlines, Inc.:
2.75%, 3/10/17			150		148,940
2.13%, 9/10/18			345		335,513
US Airways Group, Inc., Term Loan B1, 3.50%, 5/23/19			7		6,664

					491,117
Auto Components — 0.6%
Autoparts Holdings Ltd.:
1st Lien Term Loan, 7.00%, 7/29/17			876		808,637
2nd Lien Term Loan, 11.00%, 1/29/18			480		367,800
Dayco Products LLC, Term Loan B, 5.25%, 12/12/19			375		369,835
Gates Global, Inc., Term Loan B, 4.25%, 7/06/21			1,752		1,693,475
Schaeffler AG, Term Loan B, 4.25%, 5/15/20			168		169,015

					3,408,762
Automobiles — 0.2%
FCA US LLC, Term Loan B:
2018, 3.25%, 12/31/18			758		757,808


Floating Rate Loan Interests (d)		Par (000)		Value
Automobiles (continued)
FCA US LLC, Term Loan B (continued):
3.50%, 5/24/17	USD		300	$	300,375

					1,058,183
Banks — 0.1%
Redtop Acquisitions Ltd.:
1st Lien Term Loan, 4.50%, 12/03/20			411		409,696
2nd Lien Term Loan, 8.25%, 6/03/21			347		325,036

					734,732
Building Materials — 0.2%
USAGM HoldCo LLC:
2015 2nd Lien Term Loan, 9.50%, 7/28/23			290		262,450
2015 Term Loan, 4.75%, 7/28/22			984		956,881

					1,219,331
Building Products — 0.8%
Continental Building Products LLC, 1st Lien Term Loan, 4.00%, 8/28/20			633		622,872
CPG International, Inc., Term Loan, 4.75%, 9/30/20			1,277		1,273,590
GYP Holdings III Corp., 1st Lien Term Loan, 4.75%, 4/01/21			712		698,680
Jeld-Wen, Inc., Term Loan B, 5.25%, 10/15/21			563		564,969
Ply Gem Industries, Inc., Term Loan, 4.00%, 2/01/21			586		585,404
Quikrete Holdings, Inc., 1st Lien Term Loan, 4.00%, 9/28/20			580		581,206
Wilsonart LLC, Term Loan B, 4.00%, 10/31/19			664		662,578

					4,989,299
Capital Markets — 0.3%
Affinion Group, Inc., Term Loan B, 6.75%, 4/30/18			215		196,518
American Capital Holdings, Inc., 2017 Term Loan, 3.50%, 8/22/17			570		568,708
RPI Finance Trust, Term Loan B4, 3.50%, 11/09/20			1,129		1,132,329

					1,897,555
Chemicals — 1.0%
Axalta Coating Systems US Holdings, Inc., Term Loan, 3.75%, 2/01/20			607		608,019



16	BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2016


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


Floating Rate Loan Interests (d)		Par (000)		Value
Chemicals (continued)
Evergreen Acqco 1 LP, Term Loan, 5.00%, 7/09/19	USD		47	$	40,275
Huntsman International LLC:
2013 Incremental Term Loan, 3.75%, 10/01/21			405		406,459
2016 Term Loan B, 4.25%, 4/01/23			350		352,334
MacDermid, Inc.:
1st Lien Term Loan, 5.50%, 6/07/20			652		649,405
Term Loan B3, 5.50%, 6/07/20			802		800,132
OXEA Finance LLC, Term Loan B2, 4.25%, 1/15/20			794		780,984
PQ Corp., Term Loan, 5.75%, 11/04/22			315		317,539
Royal Holdings, Inc.:
2015 1st Lien Term Loan, 4.50%, 6/19/22			461		460,669
2015 2nd Lien Term Loan, 8.50%, 6/19/23			185		175,596
Solenis International LP:
1st Lien Term Loan, 4.25%, 7/31/21			512		507,903
2nd Lien Term Loan, 7.75%, 7/31/22			600		542,250
Tata Chemicals North America, Inc., Term Loan B, 3.75%, 8/07/20			590		586,123

					6,227,688
Commercial Services & Supplies — 1.9%
ADS Waste Holdings, Inc., Term Loan B2, 3.75%, 10/09/19			816		814,254
ARAMARK Corp.:
Term Loan E, 3.25%, 9/07/19			552		552,920
Term Loan F, 3.25%, 2/24/21			457		457,077
Brand Energy & Infrastructure Services, Inc., Term Loan B, 4.75%, 11/26/20			1,013		984,465
Catalent Pharma Solutions, Inc., Term Loan B, 4.25%, 5/20/21			1,381		1,383,452
Connolly Corp.:
1st Lien Term Loan, 4.50%, 5/14/21			1,293		1,291,206
2nd Lien Term Loan, 8.00%, 5/14/22			500		486,250
Dealer Tire LLC, Term Loan B, 5.50%, 12/22/21			231		231,458
GCA Services Group, Inc., 2016 Term Loan, 5.75%, 3/01/23			575		578,237
KAR Auction Services, Inc., Term Loan B3, 4.25%, 3/09/23			435		437,536


Floating Rate Loan Interests (d)		Par (000)		Value
Commercial Services & Supplies (continued)
Koosharem LLC, Exit Term Loan, 7.50%, 5/16/20	USD		583	$	482,400
Livingston International, Inc., 1st Lien Term Loan, 5.00%, 4/18/19			332		309,705
Prime Security Services Borrower LLC, 2016 Incremental Term Loan B1, 5.50%, 5/02/22			445		449,081
PSSI Holdings LLC, Term Loan B, 5.00%, 12/02/21			349		348,695
Spin Holdco, Inc., Term Loan B, 4.25%, 11/14/19			1,358		1,336,632
TruGreen Limited Partnership, 1st Lien Term Loan B, 6.50%, 4/13/23			340		342,125
Waste Industries USA, Inc., Term Loan B, 4.25%, 2/27/20			685		687,537
West Corp., Term Loan B10, 3.25%, 6/30/18			472		471,665

					11,644,695
Communications Equipment — 0.7%
Applied Systems, Inc.:
1st Lien Term Loan, 4.25%, 1/25/21			266		265,603
2nd Lien Term Loan, 7.50%, 1/24/22			262		260,250
Avaya, Inc., Term Loan B7, 6.25%, 5/29/20			242		176,641
Checkout Holding Corp., 1st Lien Term Loan, 4.50%, 4/09/21			55		48,277
CommScope, Inc., Term Loan B5, 3.83%, 12/29/22			498		498,331
Riverbed Technology, Inc., 2016 Term Loan, 5.75%, 4/24/22			196		196,357
Telesat Canada, Term Loan A, 3.00%, 3/28/17	CAD		1,307		992,031
Zayo Group LLC:
Term Loan B, 3.75%, 5/06/21	USD		1,771		1,772,505
Term Loan B2, 4.50%, 5/06/21			50		49,798

					4,259,793
Construction & Engineering — 0.1%
CNT Holdings III Corp, Term Loan B, 5.25%, 1/22/23			575		578,237
Construction Materials — 0.3%
Filtration Group Corp., 1st Lien Term Loan, 4.25%, 11/21/20			798		797,956
HD Supply, Inc., 2015 Term Loan B, 3.75%, 8/13/21			1,294		1,294,470

					2,092,426



BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2016	17


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


Floating Rate Loan Interests (d)		Par (000)		Value
Containers & Packaging — 0.7%
Ardagh Holdings USA, Inc., Incremental Term Loan, 4.00%, 12/17/19	USD		905	$	906,367
Berry Plastics Holding Corp.:
Term Loan E, 3.75%, 1/06/21			454		455,662
Term Loan F, 4.00%, 10/01/22			1,845		1,851,947
BWAY Holding Co., Inc., Term Loan B, 5.50%, 8/14/20			735		734,846

					3,948,822
Distributors — 0.1%
ABC Supply Co., Inc., Term Loan, 3.50%, 4/16/20			592		592,377
American Tire Distributors Holdings, Inc., 2015 Term Loan, 5.25%, 9/01/21			223		216,277

					808,654
Diversified Consumer Services — 1.1%
Allied Security Holdings LLC:
1st Lien Term Loan, 4.25%, 2/12/21			807		806,708
2nd Lien Term Loan, 8.00%, 8/13/21			500		500,415
AssuredPartners, Inc., 2015 1st Lien Term Loan, 5.75%, 10/21/22			988		987,937
Bright Horizons Family Solutions, Inc., Term Loan B, 3.75%, 1/30/20			1,192		1,196,941
Laureate Education, Inc., Term Loan B, 1.00%, 6/15/18			131		126,666
ROC Finance LLC, Term Loan, 5.00%, 6/20/19			615		588,093
ServiceMaster Co., 2014 Term Loan B, 4.25%, 7/01/21			2,267		2,275,283

					6,482,043
Diversified Financial Services — 0.4%
AlixPartners LLP, 2015 Term Loan B, 4.50%, 7/28/22			801		803,178
Onex Wizard US Acquisition, Inc., Term Loan, 4.25%, 3/13/22			230		230,031
Reynolds Group Holdings, Inc., Dollar Term Loan, 4.50%, 12/01/18			1,231		1,234,921
SAM Finance Luxembourg Sarl, Term Loan, 4.25%, 12/17/20			170		169,980

					2,438,110


Floating Rate Loan Interests (d)		Par (000)		Value
Diversified Telecommunication Services — 1.0%
Hawaiian Telcom Communications, Inc., Term Loan B, 5.25%, 6/06/19	USD		702	$	700,328
Integra Telecom, Inc.:
2015 1st Lien Term Loan, 5.25%, 8/14/20			842		811,187
2nd Lien Term Loan, 9.75%, 2/12/21			360		340,046
Level 3 Financing, Inc.:
2013 Term Loan B, 4.00%, 1/15/20			3,040		3,049,880
2019 Term Loan, 4.00%, 8/01/19			1,034		1,035,817
Telenet International Finance Sarl, Term Loan AD, 1.00%, 6/30/24			439		440,871

					6,378,129
Electrical Equipment — 0.2%
Texas Competitive Electric Holdings Co. LLC:
DIP Term Loan, 3.75%, 11/07/16			1,168		1,167,903
Extended Term Loan, 4.92%, 10/10/17 (a)(b)			780		243,750

					1,411,653
Electronic Equipment, Instruments & Components — 0.1%
CDW LLC, Term Loan, 3.25%, 4/29/20			332		332,414
Energy Equipment & Services — 0.1%
Dynegy Holdings, Inc., Term Loan B2, 4.00%, 4/23/20			293		293,386
Exgen Texas Power LLC, Term Loan B, 5.75%, 9/16/21			571		424,261

					717,647
Food & Staples Retailing — 0.8%
Albertsons LLC, Term Loan B4, 5.50%, 8/25/21			1,347		1,346,119
Hostess Brands LLC:
1st Lien Term Loan, 4.50%, 8/03/22			1,085		1,088,562
2nd Lien Term Loan, 8.50%, 8/03/23			230		227,971
Rite Aid Corp.:
5.75%, 8/21/20			240		240,600
4.88%, 6/21/21			815		816,019
Supervalu, Inc., Refinancing Term Loan B, 5.50%, 3/21/19			64		63,523
US Foods, Inc., Refinancing Term Loan, 4.50%, 3/31/19			1,363		1,362,921

					5,145,715



18	BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2016


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


Floating Rate Loan Interests (d)		Par (000)		Value
Food Products — 0.7%
AdvancePierre Foods, Inc., 2016 Term Loan, 1.00%, 5/26/23	USD		320	$	320,960
Blue Ribbon LLC, Term Loan, 5.00%, 11/13/21			571		570,161
Dole Food Co., Inc., Term Loan B, 4.50%, 11/01/18			699		696,997
Pinnacle Foods Finance LLC:
Incremental Term Loan I, 3.75%, 1/13/23			369		370,669
Term Loan G, 3.25%, 4/29/20			438		437,966
Reddy Ice Corp.:
1st Lien Term Loan, 6.75%, 5/01/19			650		572,177
2nd Lien Term Loan, 10.75%, 11/01/19			1,380		976,350

					3,945,280
Health Care Equipment & Supplies — 1.4%
Alere, Inc.:
2015 Term Loan A, 3.46%, 6/18/20			377		370,886
2015 Term Loan B, 4.25%, 6/18/22			488		486,811
Auris Luxembourg III Sarl, Term Loan B4, 4.25%, 1/15/22			737		737,478
Capsugel Holdings US, Inc., Term Loan B, 4.00%, 7/31/21			1,259		1,258,354
DJO Finance LLC, 2015 Term Loan, 4.25%, 6/08/20			1,401		1,371,496
Hill-Rom Holdings, Inc., Term Loan B, 3.50%, 9/08/22			933		938,132
Iasis Healthcare LLC, Term Loan B2, 4.50%, 5/03/18			441		441,735
Immucor, Inc., Refinancing Term Loan B2, 5.00%, 8/17/18			591		561,015
National Vision, Inc., 1st Lien Term Loan, 4.00%, 3/12/21			1,181		1,166,672
Ortho-Clinical Diagnostics, Inc., Term Loan B, 4.75%, 6/30/21			1,165		1,102,809

					8,435,388
Health Care Management Services — 0.0%
New Millennium HoldCo, Inc., Exit Term Loan, 7.50%, 12/21/20 (a)(b)			291		217,821
Health Care Providers & Services — 3.1%
Acadia Healthcare Co., Inc.:
Term Loan B, 3.75%, 2/11/22			235		235,514
Term Loan B2, 4.50%, 2/16/23			648		651,215
Air Medical Group Holdings, Inc., Term Loan B, 4.25%, 4/28/22			197		195,147


Floating Rate Loan Interests (d)		Par (000)		Value
Health Care Providers & Services (continued)
Amsurg Corp., 1st Lien Term Loan B, 3.50%, 7/16/21	USD		1,149	$	1,151,013
ATI Holdings Acquisition, Inc., 2016 Term Loan, 5.50%, 5/10/23			275		275,344
CHG Healthcare Services Inc., Term Loan:
2016 B, 1.00%, 5/19/23			985		988,694
4.25%, 11/19/19			1,128		1,127,497
Community Health Systems, Inc.:
Term Loan F, 3.92%, 12/31/18			503		501,961
Term Loan G, 3.75%, 12/31/19			1,001		981,202
Curo Health Services LLC, 2015 1st Lien Term Loan, 6.50%, 2/07/22			792		789,030
DaVita HealthCare Partners, Inc., Term Loan B, 3.50%, 6/24/21			2,051		2,063,200
Envision Healthcare Corp., Term Loan:
4.25%, 5/25/18			437		437,705
B2, 4.50%, 10/28/22			389		390,274
HC Group Holdings III, Inc., Term Loan B, 6.00%, 4/07/22			597		597,739
HCA, Inc., Term Loan B6, 3.70%, 3/17/23			1,398		1,411,194
MPH Acquisition Holdings LLC, Term Loan:
2016 B, 1.00%, 5/26/23			890		896,230
3.75%, 3/31/21			1,088		1,096,682
NVA Holdings, Inc.:
1st Lien Term Loan, 4.75%, 8/14/21			6		5,696
2016 Term Loan, 5.50%, 8/14/21			371		371,824
Precyse Acquisition Corp., 2016 1st Lien Term Loan, 6.50%, 10/20/22			550		552,750
Sterigenics-Nordion Holdings LLC, 2015 Term Loan B, 4.25%, 5/15/22			970		965,274
Surgery Center Holdings, Inc., 1st Lien Term Loan, 5.25%, 11/03/20			400		401,086
Surgical Care Affiliates, Inc., Term Loan B, 4.25%, 3/17/22			715		713,702
Team Health, Inc., 2015 Term Loan B, 4.50%, 11/23/22			1,024		1,025,908
U.S. Renal Care, Inc., 2015 Term Loan B, 5.25%, 12/31/22			562		556,921



BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2016	19


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


Floating Rate Loan Interests (d)		Par (000)		Value
Health Care Providers & Services (continued)
Vizient, Inc., 1st Lien Term Loan, 6.25%, 2/13/23	USD		650	$	657,722

					19,040,524
Health Care Technology — 0.1%
IMS Health, Inc., Term Loan, 3.50%, 3/17/21			696		696,572
Hotels, Restaurants & Leisure — 2.4%
Amaya Holdings BV:
1st Lien Term Loan, 5.00%, 8/01/21			834		807,480
2nd Lien Term Loan, 8.00%, 8/01/22			246		240,732
Boyd Gaming Corp., Term Loan B, 4.00%, 8/14/20			775		775,974
Bronco Midstream Funding LLC, Term Loan B, 5.00%, 8/15/20			1,083		963,477
Burger King Newco Unlimited Liability Co., Term Loan B2, 3.75%, 12/10/21			1,726		1,731,692
Caesars Entertainment Resort Properties LLC, Term Loan B, 7.00%, 10/11/20			2,584		2,470,206
CCM Merger, Inc., Term Loan B, 4.50%, 8/08/21			681		684,238
Eldorado Resorts LLC, Term Loan B, 4.25%, 7/23/22			970		973,319
Hilton Worldwide Finance LLC, Term Loan B2, 3.50%, 10/26/20			480		481,695
La Quinta Intermediate Holdings LLC, Term Loan B, 3.75%, 4/14/21			432		426,704
Pinnacle Entertainment, Inc., Term Loan B, 3.75%, 4/28/23			204		204,400
RHP Hotel Properties LP, Term Loan B, 3.50%, 1/15/21			547		548,036
Sabre, Inc.:
Incremental Term Loan, 4.50%, 2/19/19			390		390,000
Term Loan B, 4.00%, 2/19/19			701		702,112
Scientific Games International, Inc., 2014 Term Loan B1, 6.00%, 10/18/20			381		377,408
Station Casinos LLC, Term Loan B:
2016, 1.00%, 5/23/23			1,670		1,672,087
4.25%, 3/02/20			1,343		1,344,351

					14,793,911
Household Products — 0.2%
Bass Pro Group LLC, 2015 Term Loan, 4.00%, 6/05/20			359		353,397


Floating Rate Loan Interests (d)		Par (000)		Value
Household Products (continued)
Spectrum Brands, Inc., Term Loan, 3.50%, 6/23/22	USD		1,116	$	1,119,897

					1,473,294
Independent Power and Renewable Electricity Producers — 0.9%
Calpine Construction Finance Co., LP, Term Loan B1, 3.00%, 5/03/20			756		737,887
Calpine Corp.:
Term Loan B5, 3.50%, 5/27/22			259		256,677
Term Loan B6, 4.00%, 1/15/23			274		273,490
Term Loan B7, 1.00%, 5/02/23			658		653,065
Energy Future Intermediate Holding Co. LLC, DIP Term Loan, 4.25%, 12/19/16			1,969		1,968,163
Granite Acquisition, Inc.:
Term Loan B, 5.00%, 12/19/21			1,102		1,090,063
Term Loan C, 5.00%, 12/19/21			49		48,570
NRG Energy, Inc., Refinancing Term Loan B, 2.75%, 7/02/18			722		721,806

					5,749,721
Industrial Conglomerates — 0.0%
Sequa Corp., Term Loan B, 5.25%, 6/19/17			275		216,019
Insurance — 0.6%
AmWINS Group, LLC, New Term Loan, 5.25%, 9/06/19			725		727,831
Asurion LLC, Term Loan B1, 5.00%, 5/24/19			1,067		1,067,968
Sedgwick Claims Management Services, Inc.:
1st Lien Term Loan, 3.75%, 3/01/21			809		797,157
2016 1st Lien Term Loan, 5.25%, 2/28/21			265		267,154
2nd Lien Term Loan, 6.75%, 2/28/22			765		733,444

					3,593,554
Internet Software & Services — 0.2%
Go Daddy Operating Co. LLC, Term Loan B, 4.25%, 5/13/21			1,090		1,093,487
IT Services — 1.3%
Blue Coat Holdings, Inc., 2015 Term Loan, 4.50%, 5/20/22			1,179		1,174,288



20	BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2016


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


Floating Rate Loan Interests (d)	Par (000)			Value
IT Services (continued)
Cision US Inc., Term Loan B, 1.00%, 5/12/23		USD	535	$	516,109
First Data Corp., 2021 Extended Term Loan, 4.44%, 3/24/21			4,573		4,592,127
Global Payments Inc., Term Loan B, 3.94%, 4/22/23			876		882,213
Vantiv LLC, 2014 Term Loan B, 3.50%, 6/13/21			791		792,512

					7,957,249
Machinery — 0.4%
Allison Transmission, Inc., Term Loan B3, 3.50%, 8/23/19			449		450,037
Mueller Water Products, Inc., Term Loan B, 4.00%, 11/25/21			301		302,317
Rexnord LLC, 1st Lien Term Loan B, 4.00%, 8/21/20			640		635,892
Silver II US Holdings LLC, Term Loan, 4.00%, 12/13/19			1,406		1,266,434

					2,654,680
Media — 3.9%
Altice U.S. Finance I Corp., Extended Term Loan, 4.25%, 12/14/22			1,807		1,808,848
Cengage Learning Acquisitions, Inc., Term Loan:
1st Lien, 7.00%, 3/31/20			1,493		1,491,063
2016 B, 1.00%, 5/17/23			1,150		1,148,562
0.00%, 7/03/16 (a)(b)			2,005		—
Charter Communications Operating LLC, 2016 Term Loan I, 3.50%, 1/24/23			2,585		2,595,417
Clear Channel Communications, Inc., Term Loan D, 7.20%, 1/30/19			1,603		1,227,041
Gray Television, Inc., Term Loan C, 4.25%, 6/13/21			703		705,699
Houghton Mifflin Harcourt Publishing Co., 2015 Term Loan B, 4.00%, 5/31/21			1,043		1,029,261
iHeartCommunications, Inc., Extended Term Loan E, 7.95%, 7/30/19			215		163,669
Intelsat Jackson Holdings SA, Term Loan B2, 3.75%, 6/30/19			1,176		1,081,800
Media General, Inc., Term Loan B, 4.00%, 7/31/20			1,138		1,138,709
Neptune Finco Corp., 2015 Term Loan B, 5.00%, 10/09/22			1,555		1,566,336
Numericable U.S. LLC:
Term Loan B6, 4.75%, 2/10/23			1,152		1,153,553


Floating Rate Loan Interests (d)	Par (000)			Value
Media (continued)
Numericable U.S. LLC (continued):
Term Loan B7, 5.00%, 1/15/24		USD	1,630	$	1,634,075
SBA Senior Finance II LLC, Term Loan B1, 3.25%, 3/24/21			1,185		1,183,743
Tribune Media Co., Term Loan, 3.75%, 12/27/20			1,302		1,303,910
Univision Communications, Inc., Term Loan C4, 4.00%, 3/01/20			2,122		2,120,950
Virgin Media Investment Holdings Ltd.:
Term Loan E, 4.25%, 6/30/23		GBP	305		439,237
Term Loan F, 3.65%, 6/30/23		USD	1,076		1,076,427
Ziggo Financing Partnership:
Term Loan B1, 3.65%, 1/15/22			412		411,685
Term Loan B2A, 3.65%, 1/15/22			281		280,356
Term Loan B3, 3.60%, 1/15/22			461		460,752

					24,021,093
Metals & Mining — 0.3%
Ameriforge Group, Inc., 2nd Lien Term Loan, 8.75%, 12/19/20			255		34,425
FMG Resources August 2006 Property Ltd., Term Loan B, 4.25%, 6/30/19			339		317,268
Freeport McMoran Copper & Gold Inc., Term Loan A, 3.21%, 5/31/18			513		501,895
Novelis, Inc., 2015 Term Loan B, 4.00%, 6/02/22			1,077		1,073,745

					1,927,333
Multiline Retail — 0.8%
BJ’s Wholesale Club, Inc.:
1st Lien Term Loan, 4.50%, 9/26/19			1,232		1,225,759
2nd Lien Term Loan, 8.50%, 3/26/20			572		551,992
Dollar Tree, Inc., Term Loan B1, 3.50%, 7/06/22			1,608		1,615,227
Hudson’s Bay Co., 2015 Term Loan B, 4.75%, 9/30/22			776		775,250
Neiman Marcus Group, Inc., 2020 Term Loan, 4.25%, 10/25/20			496		454,269

					4,622,497
Oil, Gas & Consumable Fuels — 0.9%
California Resources Corp., Term Loan A, 1.00%, 10/01/19			252		230,895



BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2016	21


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


Floating Rate Loan Interests (d)	Par (000)			Value
Oil, Gas & Consumable Fuels (continued)
CITGO Holding, Inc., 2015 Term Loan B, 9.50%, 5/12/18		USD	347	$	348,853
Drillships Financing Holding, Inc., Term Loan B1, 6.00%, 3/31/21			511		223,118
Energy Transfer Equity LP, Term Loan, 3.25%, 12/02/19			87		83,504
EP Energy LLC, Term Loan B3, 1.00%, 5/24/18			394		318,937
MEG Energy Corp., Refinancing Term Loan, 3.75%, 3/31/20			1,545		1,375,115
Panda Patriot LLC, Term Loan B1, 6.75%, 12/19/20			645		599,850
Power Buyer LLC, 2nd Lien Term Loan, 8.25%, 11/06/20			275		264,000
Samchully Midstream 3 LLC, Term Loan B, 5.75%, 10/20/21			263		223,311
Seventy Seven Operating LLC, Term Loan B, 3.75%, 6/25/21 (a)(b)			103		87,006
Southcross Energy Partners LP, 1st Lien Term Loan, 5.25%, 8/04/21			39		31,492
Southcross Holdings Borrower LP, Exit Term Loan B, 4.50%, 4/13/23			35		28,248
TPF II Power LLC, Term Loan B, 5.50%, 10/02/21			962		961,682
Veresen Midstream Limited Partnership, Term Loan B1, 5.25%, 3/31/22			725		682,554
WTG Holdings III Corp., 1st Lien Term Loan, 4.75%, 1/15/21			293		292,517

					5,751,082
Personal Products — 0.2%
NBTY, Inc., Term Loan B, 5.00%, 5/05/23			543		546,247
Prestige Brands, Inc., Term Loan B3, 3.51%, 9/03/21			520		521,391

					1,067,638
Pharmaceuticals — 1.7%
Akorn, Inc., Term Loan B, 5.25%, 4/16/21			609		611,778
Amneal Pharmaceuticals LLC, Incremental Term Loan, 6.00%, 11/01/19			585		583,383
DPx Holdings BV, 2014 Incremental Term Loan, 4.25%, 3/11/21			1,526		1,500,101
Endo Luxembourg Finance Co. I Sarl, 2015 Term Loan B, 3.75%, 9/26/22			1,174		1,157,693


Floating Rate Loan Interests (d)	Par (000)			Value
Pharmaceuticals (continued)
Grifols Worldwide Operations USA, Inc., Term Loan B, 3.45%, 2/27/21		USD	1,617	$	1,620,437
Jaguar Holding Co. II, 2015 Term Loan B, 4.25%, 8/18/22			2,001		2,002,701
Valeant Pharmaceuticals International, Inc.:
Series A3 Tranche A, 3.71%, 10/20/18			190		187,155
Series A4 Tranche A, 3.69%, 4/01/20			250		242,239
Series C2 Term Loan B, 4.75%, 12/11/19			1,587		1,564,786
Series E Term Loan B, 4.75%, 8/05/20			685		674,590

					10,144,863
Professional Services — 1.2%
Acosta Holdco, Inc., 2015 Term Loan, 4.25%, 9/26/21			496		493,293
Advantage Sales & Marketing, Inc.:
2014 1st Lien Term Loan, 4.25%, 7/23/21			597		593,912
2014 2nd Lien Term Loan, 7.50%, 7/25/22			605		576,262
Emdeon Business Services LLC, Term Loan B2, 3.75%, 11/02/18			1,047		1,045,541
ON Assignment, Inc., 2015 Term Loan, 3.75%, 6/03/22			826		827,220
SIRVA Worldwide, Inc., Term Loan, 7.50%, 3/27/19			1,016		962,249
Sterling Infosystems, Inc., 1st Lien Term Loan B, 5.75%, 6/20/22			696		692,393
TransUnion LLC, Term Loan B2, 3.50%, 4/09/21			2,348		2,347,234

					7,538,104
Real Estate Investment Trusts (REITs) — 0.3%
Communications Sales & Leasing, Inc., Term Loan B, 5.00%, 10/24/22			603		598,378
MGM Growth Properties LLC, 2016 Term Loan B, 4.00%, 4/25/23			1,060		1,066,434

					1,664,812
Real Estate Management & Development — 0.6%
CityCenter Holdings LLC, Term Loan B, 4.25%, 10/16/20			756		757,896
DTZ U.S. Borrower LLC, 2015 1st Lien Term Loan, 4.25%, 11/04/21			1,047		1,043,071



22	BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2016


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


Floating Rate Loan Interests (d)	Par (000)			Value
Real Estate Management & Development (continued)
Realogy Corp.:
Extended Letter of Credit, 0.46%, 10/10/16		USD	47	$	46,032
Term Loan A, 2.69%, 10/23/20			485		475,300
Term Loan B, 3.75%, 3/05/20			1,345		1,346,842

					3,669,141
Road & Rail — 0.4%
Hertz Corp., Term Loan B2, 3.00%, 3/11/18			1,390		1,386,414
Road Infrastructure Investment LLC:
1st Lien Term Loan, 4.25%, 3/31/21			288		285,845
2nd Lien Term Loan, 7.75%, 9/30/21			675		664,875

					2,337,134
Semiconductors & Semiconductor Equipment — 1.0%
Avago Technologies Cayman Ltd., 2016 Term Loan B1, 4.25%, 2/01/23			4,555		4,565,886
Microsemi Corp., 2015 Term Loan B, 5.25%, 1/15/23			278		280,193
NXP BV, 2015 Term Loan B, 3.75%, 12/07/20			911		913,122
ON Semiconductor Corp., Term Loan B, 5.25%, 3/31/23			210		211,357

					5,970,558
Software — 1.4%
Infor US, Inc., Term Loan B5, 3.75%, 6/03/20			1,211		1,186,041
Informatica Corp., Term Loan, 4.50%, 8/05/22			896		884,494
IQOR US, Inc., Term Loan B, 6.00%, 4/01/21			340		278,852
Kronos, Inc.:
2nd Lien Term Loan, 9.75%, 4/30/20			666		679,672
Initial Incremental Term Loan, 4.50%, 10/30/19			492		492,039
Mitchell International, Inc.:
1st Lien Term Loan, 4.50%, 10/13/20			612		607,798
2nd Lien Term Loan, 8.50%, 10/11/21			600		553,998
SolarWinds, Inc., Term Loan, 6.50%, 2/03/23			920		919,715
Solera Holdings, Inc., Term Loan B, 5.75%, 3/03/23			440		442,385


Floating Rate Loan Interests (d)		Par (000)		Value
Software (continued)
Sophia LP, 2015 Term Loan B, 4.75%, 9/30/22	USD		503	$	502,607
SS&C Technologies, Inc.:
2015 Term Loan B1, 4.01%, 7/08/22			1,929		1,935,716
2015 Term Loan B2, 4.02%, 7/08/22			265		266,166

					8,749,483
Specialty Retail — 0.6%
Michaels Stores, Inc.:
Incremental 2014 Term Loan B2, 4.00%, 1/28/20			561		562,679
Term Loan B, 3.75%, 1/28/20			595		596,141
Party City Holdings, Inc., 2015 Term Loan B, 4.25%, 8/19/22			1,214		1,210,045
Petco Animal Supplies, Inc.:
2016 Term Loan B1, 5.75%, 1/26/23			359		361,391
2016 Term Loan B2, 5.64%, 1/26/23			449		451,492
PetSmart, Inc., Term Loan B, 4.25%, 3/11/22			220		219,637

					3,401,385
Technology Hardware, Storage & Peripherals — 0.3%
Dell International LLC, Term Loan B2, 4.00%, 4/29/20			995		995,167
Dell, Inc., Term Loan C, 3.75%, 10/29/18			635		634,396

					1,629,563
Textiles, Apparel & Luxury Goods — 0.1%
Ascend Performance Materials LLC, Term Loan B, 6.75%, 4/10/18			558		549,840
J. Crew Group, Inc., Term Loan B, 4.00%, 3/05/21			211		156,549
Samsonite International SA, Term Loan B, 4.00%, 5/12/23			170		171,360

					877,749
Thrifts & Mortgage Finance — 0.1%
IG Investment Holdings LLC, Term Loan B, 6.00%, 10/29/21			842		838,358
Trading Companies & Distributors — 0.1%
Beacon Roofing Supply, Inc., Term Loan B, 4.00%, 10/01/22			457		458,143
Nexeo Solutions LLC, 2016 Term Loan, 1.00%, 5/05/23			110		110,069

					568,212



BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2016	23


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


Floating Rate Loan Interests (d)		Par (000)		Value
Transportation — 0.1%
Gruden Acquisition, Inc., 1st Lien Term Loan, 5.75%, 8/18/22	USD		499	$	450,745
Transportation Infrastructure — 0.1%
Penn Products Terminals LLC, Term Loan B, 4.75%, 4/13/22			492		478,431
Wireless Telecommunication Services — 0.9%
LTS Buyer LLC, 1st Lien Term Loan, 4.00%, 4/13/20			1,707		1,701,383
New Lightsquared LLC:
2015 2nd Lien Term Loan, 13.50%, 12/07/20			27		19,188
PIK Exit Term Loan (9.75% PIK), 9.75%, 6/15/20 (h)			2,500		2,300,000
T-Mobile USA, Inc., Term Loan B, 3.50%, 11/09/22			1,257		1,265,201

					5,285,772
Total Floating Rate Loan Interests — 37.7%					231,008,090



Foreign Agency Obligations
Argentine Republic Government International Bond (e)(f):
7.50%, 4/22/26			3,008		3,156,896
7.63%, 4/22/46			2,422		2,476,495
Cyprus Government International Bond, 4.63%, 2/03/20 (e)	EUR		2,600		3,070,225
Iceland Government International Bond:
4.88%, 6/16/16	USD		187		187,144
5.88%, 5/11/22			3,030		3,463,048
Portugal Government International Bond, 5.13%, 10/15/24 (e)			4,680		4,671,061
Total Foreign Agency Obligations — 2.8%					17,024,869



Non-Agency Mortgage-Backed Securities
Collateralized Mortgage Obligations — 2.0%
Countrywide Alternative Loan Trust, Series 2005-54CB, Class 3A4, 5.50%, 11/25/35			3,577		3,325,220
Countrywide Home Loan Mortgage Pass-Through Trust:
Series 2005-17, Class 1A6, 5.50%, 9/25/35			777		754,122
Series 2006-17, Class A2, 6.00%, 12/25/36			1,909		1,727,616
Series 2007-HY5, Class 3A1, 4.64%, 9/25/37 (d)			1,347		1,227,014


Non-Agency Mortgage-Backed Securities		Par (000)		Value
Collateralized Mortgage Obligations (continued)
GSR Mortgage Loan Trust, Series 2005-AR5, Class 2A3, 2.85%, 10/25/35 (d)	USD		1,278	$	1,122,313
Hilton USA Trust, Series 2013-HLT, Class EFX, 4.45%, 11/05/30 (d)(e)			4,162		4,171,162

					12,327,447
Commercial Mortgage-Backed Securities — 10.5%
Banc of America Commercial Mortgage Trust, Series 2007-4, Class A4, 5.74%, 2/10/51 (d)			1,446		1,487,477
Banc of America Merrill Lynch Commercial Mortgage Securities Trust, Series 2015-200P, Class C, 3.60%, 4/14/33 (d)(e)			4,830		4,823,861
Citigroup Commercial Mortgage Trust, Series 2015-SSHP, Class D, 3.48%, 9/15/27 (d)(e)			2,825		2,646,741
Commercial Mortgage Pass-Through Certificates (d)(e):
Series 2013-LC13, Class D, 5.05%, 8/10/46			3,530		3,102,108
Series 2014-KYO, Class F, 3.94%, 6/11/27			1,075		1,060,052
Series 2014-PAT, Class E, 3.58%, 8/13/27			1,000		971,882
Series 2014-PAT, Class F, 2.88%, 8/13/27			2,000		1,860,849
Commercial Mortgage Trust:
Series 2013-LC6, Class B, 3.74%, 1/10/46			1,110		1,153,814
Series 2013-LC6, Class D, 4.28%, 1/10/46 (d)(e)			1,330		1,194,704
Series 2015-3BP, Class A, 3.18%, 2/10/35 (e)			5,930		6,109,388
Series 2015-CR22, Class B, 3.93%, 3/10/48 (d)			5,000		5,147,606
Core Industrial Trust, Series 2015-TEXW, Class D, 3.85%, 2/10/34 (d)(e)			3,615		3,566,640
Credit Suisse Commercial Mortgage Trust, Series 2006-C5, Class AM, 5.34%, 12/15/39			1,850		1,870,754
Credit Suisse Mortgage Capital Certificates (d):
Series 2007-C2, Class A2, 5.45%, 1/15/49			5		4,998
Series 2007-C5, Class AAB, 5.62%, 9/15/40			301		303,928
CSAIL Commercial Mortgage Trust, Series 2015-C1, Class B, 4.04%, 4/15/50 (d)			890		942,680



24	BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2016


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


Non-Agency Mortgage-Backed Securities		Par (000)		Value
Commercial Mortgage-Backed Securities (continued)
GAHR Commercial Mortgage Trust, Series 2015-NRF (d)(e):
Class DFX, 3.38%, 12/15/19	USD		4,830	$	4,723,174
Class GFX, 3.38%, 12/15/19			2,500		2,288,322
Goldman Sachs Mortgage Securities Trust, Series 2014-GSFL, Class D, 4.33%, 7/15/31 (d)(e)			1,140		1,097,297
Greenwich Capital Commercial Funding Corp. Commercial Mortgage Trust, Series 2006-GG7, Class AM, 5.92%, 7/10/38 (d)			1,610		1,608,135
GS Mortgage Securities Corp. II, Series 2013-GC10, Class B, 3.68%, 2/10/46 (e)			1,995		2,068,183
JPMBB Commercial Mortgage Securities Trust, Series 2013-C15, Class D, 5.05%, 11/15/45 (d)(e)			1,400		1,318,083
JPMorgan Chase Commercial Mortgage Securities Corp.:
Series 2004-LN2, Class A2, 5.12%, 7/15/41			55		55,243
Series 2007-CB19, Class A4, 5.70%, 2/12/49 (d)			2,078		2,132,674
Series 2012-LC9, Class XA, 1.84%, 12/15/47 (d)			14,119		995,861
JPMorgan Chase Commercial Mortgage Securities Trust, Series 2007-CB18, Class A4, 5.44%, 6/12/47			1,879		1,906,298
LB-UBS Commercial Mortgage Trust (d):
Series 2007-C2, Class AM, 5.49%, 2/15/40			500		506,569
Series 2007-C6, Class A4, 5.86%, 7/15/40			3,663		3,732,320
Merrill Lynch Mortgage Trust, Series 2007-C1, Class A1A, 5.83%, 6/12/50 (d)			1,339		1,372,845
Wachovia Bank Commercial Mortgage Trust, Series 2007-C33, Class A4, 5.95%, 2/15/51 (d)			1,898		1,936,795
WF-RBS Commercial Mortgage Trust, Series 2012-C8:
Class B, 4.31%, 8/15/45			1,085		1,159,844
Class C, 4.87%, 8/15/45 (d)			1,395		1,457,425

					64,606,550


Non-Agency Mortgage-Backed Securities		Par (000)		Value
Interest Only Commercial Mortgage-Backed Securities — 0.3%
Commercial Mortgage Loan Trust, Series 2015-LC21, Class XA, 0.88%, 7/10/48 (d)	USD		16,161	$	810,401
WF-RBS Commercial Mortgage Trust, Series 2014-C20, Class XA, 1.20%, 5/15/47 (d)			14,607		877,189

					1,687,590
Total Non-Agency Mortgage-Backed Securities — 12.8%					78,621,587



Other Interests (l)		Beneficial Interest (000)
Auto Components — 0.0%
Lear Corp. Escrow			1,000		10
Construction Materials — 0.0%
USI Senior Holdings			6		161,349
Total Other Interests — 0.0%					161,359



Preferred Securities		Par (000)
Capital Trusts
Aerospace — 0.0%
Telefonica Europe BV, 5.00% (d)(k)			100		112,943
Banks — 4.4%
Banco Bilbao Vizcaya Argentaria SA, 6.75% (d)(k)			200		204,728
Banco Popular Espanol SA, 8.25% (d)(k)			200		195,159
Banco Santander SA, Series ., 6.25% (d)(k)			200		198,608
BNP Paribas SA, 7.38% (d)(e)(f)(k)			200		199,500
Capital One Financial Corp., Series E, 5.55% (d)(f)(k)			3,000		3,001,500
Citigroup, Inc., 5.90% (d)(f)(k)			5,000		5,006,250
Citigroup, Inc., 5.95% (d)(f)(k)			1,370		1,371,284
Citigroup, Inc., Series R, 6.13% (d)(f)(k)			950		967,812
Citigroup, Inc., Series T, 6.25% (d)(k)			285		294,562



BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2016	25


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


Capital Trusts		Par (000)		Value
Banks (continued)
Cooperatieve Rabobank UA, 6.63% (d)(k)	USD		200	$	227,002
Intesa Sanpaolo SpA, 7.00% (d)(k)			200		215,298
JPMorgan Chase:
Series U, 6.13% (d)(f)(k)			6,690		6,965,628
Series V, 5.00% (d)(f)(k)			4,060		3,922,975
Wells Fargo & Co.:
Series S, 5.90% (d)(f)(k)			3,000		3,109,350
Series U, 5.88% (d)(f)(k)			1,110		1,187,700

					27,067,356
Capital Markets — 0.9%
Goldman Sachs Group, Inc., Series L, 5.70% (d)(f)(k)			1,089		1,084,916
Morgan Stanley, Series H, 5.45% (d)(f)(k)			2,546		2,465,648
State Street Corp., Series F, 5.25% (d)(f)(k)			1,625		1,667,656
UBS Group AG
5.75% (d)(k)			200		226,425
7.00% (d)(k)			200		208,500

					5,653,145
Diversified Financial Services — 1.7%
Bank of America Corp.:
Series AA, 6.10% (d)(f)(k)			1,241		1,270,861
Series DD, 6.30% (d)(k)			180		191,025
Series U, 5.20% (d)(f)(k)			1,250		1,170,313
Series V, 5.13% (d)(k)			510		479,400
Series X, 6.25% (d)(f)(k)			1,929		1,974,814
Credit Agricole SA, 6.50% (d)(k)			100		109,457
Goldman Sachs Group, Inc., Series M, 5.38% (d)(f)(k)			1,730		1,686,923
Macquarie Bank Ltd., 10.25% (d)			1,450		1,535,438
Orange SA, 4.00% (d)(k)			200		225,472
Societe Generale SA, 6.00% (d)(e)(f)(k)			2,000		1,820,000

					10,463,703
Diversified Telecommunication Services — 0.1%
Telefonica Europe BV, 4.20% (d)(k)			200		222,541
Insurance — 1.7%
Hartford Financial Services Group, Inc., 8.13% (d)(f)			2,500		2,706,250
Liberty Mutual Group, Inc., 7.00% (d)(e)(f)			1,005		869,325
Prudential Financial, Inc., 5.63% (d)(f)			3,250		3,424,850


Capital Trusts		Par (000)		Value
Insurance (continued)
Voya Financial, Inc., 5.65% (d)(f)	USD		3,500	$	3,285,800

					10,286,225
Oil, Gas & Consumable Fuels — 0.0%
Gas Natural Fenosa Finance BV, 3.38% (d)(k)			100		99,553
TOTAL SA, 3.88% (d)(k)			100		114,580

					214,133
Total Capital Trusts — 8.8%					54,020,046



Preferred Stocks		Shares
Capital Markets — 1.5%
CF-B L2 (D) LLC, (Aquired 4/08/15, cost $127,096) (c)			127,973		98,894
Goldman Sachs Group, Inc., Series J, 0.00% (d)(k)			202,526		5,245,423
Morgan Stanley, 0.00% (d)(k)			120,000		3,388,800
SCE Trust III, 0.00% (d)(k)			21,200		626,460
Total Preferred Stocks — 1.5%					9,359,577



Trust Preferred — 0.4%
Diversified Financial Services — 0.4%
GMAC Capital Trust I, Series 2, 2/15/40, 8.13% (d)			105,753		2,641,051
Total Preferred Securities — 10.7%					66,020,674



U.S. Government Sponsored Agency Securities		Par (000)
Interest Only Collateralized Mortgage Obligations — 0.7%
Fannie Mae Mortgage-Backed Securities, Series 2012-M9, Class X1, 4.02%, 12/25/17 (d)	USD		12,930		474,940
Freddie Mac Mortgage-Backed Securities, Class X1 (d):
Series K042, 1.06%, 12/25/24			34,907		2,525,807
Series K707, 1.54%, 12/25/18			41,330		1,357,668

					4,358,415



26	BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2016


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


Mortgage-Backed Securities — 0.5%		Par (000)		Value
Fannie Mae Mortgage-Backed Securities, 5.00%, 7/1/20 - 8/1/23 (f)	USD		2,632	$	2,732,699
Total U.S. Government Sponsored Agency Securities — 1.2%					7,091,114


U.S. Treasury Obligations — 0.8%
U.S. Treasury Bonds, 2.50%, 2/15/46 (f)			5,000		4,860,740


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)			3,100		7,959
Total Long-Term Investments (Cost — $867,867,849) — 139.7%					855,753,263


Short-Term Securities	Shares		Value
BlackRock Liquidity Funds, TempFund, Institutional Class, 0.42% (m)(n)		3,891,858	$	3,891,858
Total Short-Term Securities (Cost — $3,891,858) — 0.6%				3,891,858
Options Purchased (Cost — $735,290) — 0.1%				421,259
Total Investments Before Options Written (Cost — $872,494,997*) — 140.4%				860,066,380
Options Written (Premiums Received — $466,916) — (0.0)%				(148,308	)
Total Investments, Net of Options Written (Cost — $872,028,081) — 140.4%				859,918,072
Liabilities in Excess of Other Assets — (40.4)%				(247,321,277	)

Net Assets — 100.0%			$	612,596,795

As of May 31, 2016, gross unrealized appreciation and depreciation based on cost for federal income tax purposes were as follows:


Tax cost	$	874,829,471

Gross unrealized appreciation	$	14,947,275
Gross unrealized depreciation		(29,710,366	)

Net unrealized depreciation	$	(14,763,091	)

Notes to Schedule of Investments

(a)

Non-income producing security.

(b)

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

(c)

Restricted security as to resale, excluding 144A securities. As of period end, the Fund held restricted securities with a current value of $99,907 and an original cost of $142,695 which was less than 0.05% of its net assets.

(d)

Variable rate security. Rate as of period end.

(e)

Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.

(f)

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

(g)

When-issued security.

(h)

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.

(i)

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

(j)

Convertible security.

(k)

Perpetual security with no stated maturity date.

(l)

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



BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2016	27


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

(m)

During the period ended May 31, 2016, investments in issuers considered to be affiliates of the Fund for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:


Affiliate	Shares Held at August 31, 2015		Net Activity			Shares Held at May 31, 2016		Value at May 31, 2016		Income
BlackRock Liquidity Funds, TempFund, Institutional Class		5,757,976		(1,866,118	)	$	3,891,858	$	3,891,858	$	12,964

(n) Current yield as of period end.


Portfolio Abbreviations
ABS		Asset-Backed Security
ADS		American Depositary Shares
AUD		Australian Dollar
CAD		Canadian Dollar
CHF		Swiss Franc
CLO		Collateralized Loan Obligation
CR		Custodian Receipt
DIP		Debtor-In-Possession
EUR		Euro
GBP		British Pound
JPY		Japanese Yen
LIBOR		London Interbank Offered Rate
NOK		Norwegian Krone
NZD		New Zealand Dollar
OTC		Over-the-Counter
PIK		Payment-In-Kind
SEK		Swedish Krona
SGD		Singapore Dollar
USD		U.S. Dollar
ZAR		South African Rand

Reverse Repurchase Agreements


Counterparty	Interest Rate			Trade Date		Maturity Date¹	Face Value		Face Value Including Accrued Interest		Type of Underlying Collateral	Remaining Contractual Maturity of the Agreements¹
Deutsche Bank Securities, Inc.		0.80	%		5/21/15	Open	$	1,443,000	$	1,453,578	Capital Trusts	Open/Demand
HSBC Securities (USA), Inc.		0.40	%		11/24/15	Open		349,000		349,737	Corporate Bonds	Open/Demand
Barclays Capital, Inc.		0.55	%		12/17/15	Open		3,189,063		3,197,150	Capital Trusts	Open/Demand
Barclays Capital, Inc.		0.80	%		12/17/15	Open		1,206,753		1,211,204	Capital Trusts	Open/Demand
Barclays Capital, Inc.		0.80	%		12/17/15	Open		867,775		870,976	Corporate Bonds	Open/Demand
Barclays Capital, Inc.		0.80	%		12/17/15	Open		457,088		458,774	Corporate Bonds	Open/Demand
Credit Suisse Securities (USA) LLC		0.70	%		12/17/15	Open		1,438,125		1,442,767	Corporate Bonds	Open/Demand
Credit Suisse Securities (USA) LLC		0.70	%		12/17/15	Open		904,619		907,539	Corporate Bonds	Open/Demand
Credit Suisse Securities (USA) LLC		0.70	%		12/17/15	Open		5,839,556		5,858,405	Corporate Bonds	Open/Demand



28	BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2016


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

Reverse Repurchase Agreements (continued)


Counterparty	Interest Rate			Trade Date		Maturity Date¹	Face Value		Face Value Including Accrued Interest		Type of Underlying Collateral	Remaining Contractual Maturity of the Agreements¹
Credit Suisse Securities (USA) LLC		0.70	%		12/17/15	Open	$	1,283,750	$	1,287,896	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		0.80	%		12/17/15	Open		2,707,000		2,716,986	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.00	%		12/17/15	Open		2,104,000		2,113,707	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.00	%		12/17/15	Open		1,076,000		1,080,964	Capital Trusts	Open/Demand
Deutsche Bank Securities, Inc.		1.00	%		12/17/15	Open		1,259,000		1,264,809	Capital Trusts	Open/Demand
Deutsche Bank Securities, Inc.		1.00	%		12/17/15	Open		1,048,000		1,052,835	Capital Trusts	Open/Demand
Deutsche Bank Securities, Inc.		1.00	%		12/17/15	Open		1,485,000		1,491,851	Capital Trusts	Open/Demand
Deutsche Bank Securities, Inc.		1.00	%		12/17/15	Open		941,000		945,342	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.00	%		12/17/15	Open		619,000		621,856	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.00	%		12/17/15	Open		1,331,000		1,337,141	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.00	%		12/17/15	Open		1,695,000		1,702,820	Capital Trusts	Open/Demand
Deutsche Bank Securities, Inc.		1.00	%		12/17/15	Open		1,170,000		1,175,398	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.00	%		12/17/15	Open		1,068,000		1,072,927	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.00	%		12/17/15	Open		567,000		569,616	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.00	%		12/17/15	Open		365,000		366,684	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.00	%		12/17/15	Open		650,000		652,999	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.00	%		12/17/15	Open		1,767,000		1,775,152	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.00	%		12/17/15	Open		1,454,000		1,460,708	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.00	%		12/17/15	Open		355,000		356,638	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.00	%		12/17/15	Open		413,000		414,905	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.00	%		12/17/15	Open		712,000		715,285	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.00	%		12/17/15	Open		479,000		481,210	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.00	%		12/17/15	Open		121,000		121,558	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.00	%		12/17/15	Open		630,000		632,907	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.00	%		12/17/15	Open		690,000		693,183	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.00	%		12/17/15	Open		500,000		502,307	Corporate Bonds	Open/Demand



BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2016	29


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

Reverse Repurchase Agreements (continued)


Counterparty	Interest Rate			Trade Date		Maturity Date¹	Face Value		Face Value Including Accrued Interest		Type of Underlying Collateral	Remaining Contractual Maturity of the Agreements¹
Deutsche Bank Securities, Inc.		1.00	%		12/17/15	Open	$	226,000	$	227,043	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.00	%		12/17/15	Open		713,000		716,290	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.00	%		12/17/15	Open		921,000		925,249	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.00	%		12/17/15	Open		589,000		591,717	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.00	%		12/17/15	Open		580,000		582,676	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.00	%		12/17/15	Open		605,000		607,791	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.00	%		12/17/15	Open		813,000		816,749	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.00	%		12/17/15	Open		290,000		291,337	Corporate Bonds	Open/Demand
HSBC Securities (USA), Inc.		0.65	%		12/17/15	Open		1,318,000		1,321,950	Corporate Bonds	Open/Demand
HSBC Securities (USA), Inc.		0.65	%		12/17/15	Open		2,353,000		2,360,052	Corporate Bonds	Open/Demand
HSBC Securities (USA), Inc.		0.65	%		12/17/15	Open		788,000		790,362	Corporate Bonds	Open/Demand
HSBC Securities (USA), Inc.		0.65	%		12/17/15	Open		2,560,000		2,567,673	Capital Trusts	Open/Demand
HSBC Securities (USA), Inc.		0.65	%		12/17/15	Open		3,326,000		3,335,969	Corporate Bonds	Open/Demand
HSBC Securities (USA), Inc.		0.80	%		12/17/15	Open		3,360,000		3,372,395	Corporate Bonds	Open/Demand
HSBC Securities (USA), Inc.		0.90	%		12/17/15	Open		258,000		259,071	Corporate Bonds	Open/Demand
HSBC Securities (USA), Inc.		0.90	%		12/17/15	Open		1,437,000		1,442,964	Corporate Bonds	Open/Demand
HSBC Securities (USA), Inc.		0.90	%		12/17/15	Open		314,000		315,303	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		0.64	%		12/17/15	Open		334,800		335,788	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		0.64	%		12/17/15	Open		1,706,250		1,711,285	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		0.64	%		12/17/15	Open		239,700		240,407	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		0.64	%		12/17/15	Open		405,638		406,835	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		0.64	%		12/17/15	Open		2,079,000		2,085,135	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		0.64	%		12/17/15	Open		2,337,000		2,343,897	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		0.64	%		12/17/15	Open		648,088		650,000	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		0.64	%		12/17/15	Open		619,125		620,952	Corporate Bonds	Open/Demand



30	BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2016


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

Reverse Repurchase Agreements (continued)


Counterparty	Interest Rate			Trade Date		Maturity Date¹	Face Value		Face Value Including Accrued Interest		Type of Underlying Collateral	Remaining Contractual Maturity of the Agreements¹
RBC Capital Markets LLC		0.64	%		12/17/15	Open	$	1,164,075	$	1,167,510	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		0.64	%		12/17/15	Open		699,375		701,439	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		0.64	%		12/17/15	Open		1,447,950		1,452,223	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		0.75	%		12/17/15	Open		78,720		78,992	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		0.75	%		12/17/15	Open		96,390		96,723	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		0.75	%		12/17/15	Open		321,300		322,411	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		0.90	%		12/17/15	Open		312,863		314,161	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		0.90	%		12/17/15	Open		355,100		356,574	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		0.90	%		12/17/15	Open		520,838		522,999	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		0.90	%		12/17/15	Open		638,625		641,275	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		0.90	%		12/17/15	Open		353,438		354,904	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		0.90	%		12/17/15	Open		1,607,350		1,614,021	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		0.90	%		12/17/15	Open		536,000		538,224	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		0.90	%		12/17/15	Open		442,500		444,336	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		0.90	%		12/17/15	Open		394,088		395,723	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		0.90	%		12/17/15	Open		510,435		512,553	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		0.95	%		12/17/15	Open		772,608		775,992	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		0.95	%		12/17/15	Open		603,000		605,641	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		0.95	%		12/17/15	Open		719,510		722,662	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		0.95	%		12/17/15	Open		486,735		488,867	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.00	%		12/17/15	Open		417,300		419,224	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.00	%		12/17/15	Open		675,360		678,474	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.00	%		12/17/15	Open		225,060		226,098	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.00	%		12/17/15	Open		469,463		471,627	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.00	%		12/17/15	Open		366,563		368,253	Corporate Bonds	Open/Demand



BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2016	31


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

Reverse Repurchase Agreements (continued)


Counterparty	Interest Rate			Trade Date		Maturity Date¹	Face Value		Face Value Including Accrued Interest		Type of Underlying Collateral	Remaining Contractual Maturity of the Agreements¹
RBC Capital Markets LLC		1.00	%		12/17/15	Open	$	1,109,400	$	1,114,516	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.00	%		12/17/15	Open		676,400		679,519	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.00	%		12/17/15	Open		273,893		275,155	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.00	%		12/17/15	Open		285,488		286,804	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.00	%		12/17/15	Open		396,375		398,203	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.00	%		12/17/15	Open		220,100		221,115	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.00	%		12/17/15	Open		376,875		378,613	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.00	%		12/17/15	Open		666,690		669,764	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.00	%		12/17/15	Open		536,523		538,996	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.05	%		12/17/15	Open		632,925		635,989	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.05	%		12/17/15	Open		584,600		587,430	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.00	%		12/18/15	Open		324,000		325,494	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.00	%		12/18/15	Open		335,000		336,545	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.00	%		12/18/15	Open		496,000		498,287	Corporate Bonds	Open/Demand
HSBC Securities (USA), Inc.		0.80	%		12/18/15	Open		440,000		441,594	Corporate Bonds	Open/Demand
HSBC Securities (USA), Inc.		0.80	%		12/18/15	Open		164,000		164,594	Corporate Bonds	Open/Demand
HSBC Securities (USA), Inc.		0.80	%		12/18/15	Open		309,000		310,119	Corporate Bonds	Open/Demand
HSBC Securities (USA), Inc.		0.80	%		12/18/15	Open		1,083,000		1,086,923	Corporate Bonds	Open/Demand
HSBC Securities (USA), Inc.		0.80	%		12/18/15	Open		1,639,000		1,644,937	Corporate Bonds	Open/Demand
HSBC Securities (USA), Inc.		0.85	%		12/18/15	Open		803,000		806,090	Corporate Bonds	Open/Demand
HSBC Securities (USA), Inc.		0.85	%		12/18/15	Open		497,000		498,913	Corporate Bonds	Open/Demand
HSBC Securities (USA), Inc.		0.90	%		12/18/15	Open		153,000		153,623	Corporate Bonds	Open/Demand
HSBC Securities (USA), Inc.		0.80	%		12/29/15	Open		2,340,000		2,348,008	Corporate Bonds	Open/Demand
HSBC Securities (USA), Inc.		0.80	%		12/29/15	Open		2,950,000		2,960,096	Capital Trusts	Open/Demand
HSBC Securities (USA), Inc.		0.80	%		12/29/15	Open		510,000		511,745	Corporate Bonds	Open/Demand
HSBC Securities (USA), Inc.		0.85	%		12/29/15	Open		5,910,000		5,931,489	Capital Trusts	Open/Demand



32	BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2016


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

Reverse Repurchase Agreements (continued)


Counterparty	Interest Rate			Trade Date		Maturity Date¹	Face Value		Face Value Including Accrued Interest		Type of Underlying Collateral	Remaining Contractual Maturity of the Agreements¹
RBC Capital Markets LLC		0.95	%		1/13/16	Open	$	1,225,245	$	1,229,772	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		0.95	%		1/13/16	Open		724,497		727,173	Corporate Bonds	Open/Demand
Barclays Capital, Inc.		(1.50	)%		1/14/16	Open		66,355		65,846	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.00	%		1/14/16	Open		1,264,000		1,268,845	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.00	%		1/14/16	Open		305,000		306,169	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		(1.50	)%		1/14/16	Open		362,250		360,152	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		0.95	%		1/15/16	Open		367,500		368,800	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.00	%		1/26/16	Open		863,785		866,832	Corporate Bonds	Open/Demand
UBS Ltd.		0.75	%		2/2/16	Open		1,278,700		1,281,882	Corporate Bonds	Open/Demand
UBS Ltd.		0.75	%		2/2/16	Open		2,482,500		2,488,678	Capital Trusts	Open/Demand
UBS Ltd.		0.75	%		2/2/16	Open		2,850,000		2,857,092	Capital Trusts	Open/Demand
UBS Ltd.		1.00	%		2/2/16	Open		4,450,000		4,464,710	Capital Trusts	Open/Demand
UBS Ltd.		1.00	%		2/5/16	Open		420,323		421,654	Corporate Bonds	Open/Demand
UBS Ltd.		1.00	%		2/5/16	Open		452,790		454,224	Corporate Bonds	Open/Demand
UBS Ltd.		1.00	%		2/5/16	Open		1,016,170		1,019,388	Corporate Bonds	Open/Demand
UBS Ltd.		1.00	%		2/5/16	Open		1,485,363		1,490,066	Corporate Bonds	Open/Demand
UBS Ltd.		1.00	%		2/5/16	Open		1,075,275		1,078,680	Corporate Bonds	Open/Demand
UBS Ltd.		1.00	%		2/5/16	Open		301,750		302,706	Corporate Bonds	Open/Demand
UBS Ltd.		1.00	%		2/5/16	Open		766,875		769,303	Corporate Bonds	Open/Demand
UBS Ltd.		1.00	%		2/5/16	Open		506,300		507,903	Corporate Bonds	Open/Demand
UBS Ltd.		1.00	%		2/5/16	Open		177,285		177,846	Corporate Bonds	Open/Demand
UBS Ltd.		1.00	%		2/5/16	Open		922,500		925,421	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		0.64	%		2/8/16	Open		2,869,350		2,875,165	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		0.64	%		2/8/16	Open		923,550		925,422	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		0.64	%		2/8/16	Open		1,295,555		1,298,181	Corporate Bonds	Open/Demand
Barclays Capital, Inc.		(0.88	)%		2/9/16	Open		376,650		375,625	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.00	%		2/9/16	Open		745,000		747,338	Capital Trusts	Open/Demand
Deutsche Bank Securities, Inc.		1.00	%		2/10/16	Open		229,000		229,712	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.00	%		2/10/16	Open		840,000		842,613	Capital Trusts	Open/Demand
RBC Capital Markets LLC		0.90	%		2/11/16	Open		360,468		361,459	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		0.95	%		2/11/16	Open		298,560		299,427	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.00	%		2/17/16	Open		615,000		616,777	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.00	%		2/17/16	Open		825,000		827,406	Capital Trusts	Open/Demand
RBC Capital Markets LLC		1.00	%		2/17/16	Open		180,608		181,130	Corporate Bonds	Open/Demand



BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2016	33


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

Reverse Repurchase Agreements (continued)


Counterparty	Interest Rate			Trade Date		Maturity Date¹	Face Value		Face Value Including Accrued Interest		Type of Underlying Collateral	Remaining Contractual Maturity of the Agreements¹
Deutsche Bank Securities, Inc.		1.00	%		2/18/16	Open	$	443,000	$	444,267	Corporate Bonds	Open/Demand
HSBC Securities (USA), Inc.		0.80	%		2/29/16	Open		323,000		323,668	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		0.95	%		3/1/16	Open		368,950		369,846	Corporate Bonds	Open/Demand
UBS Ltd.		1.00	%		3/1/16	Open		1,492,500		1,496,314	Capital Trusts	Open/Demand
UBS Ltd.		1.00	%		3/1/16	Open		319,034		319,849	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		0.64	%		3/2/16	Open		1,053,675		1,055,380	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		0.95	%		3/2/16	Open		513,563		514,796	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		0.95	%		3/2/16	Open		406,300		407,276	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.00	%		3/2/16	Open		713,125		714,928	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.00	%		3/2/16	Open		681,225		682,947	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.00	%		3/2/16	Open		519,750		521,064	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.00	%		3/2/16	Open		776,800		778,764	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.10	%		3/2/16	Open		900,600		903,104	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.00	%		3/3/16	Open		850,000		852,125	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.00	%		3/4/16	Open		380,955		381,865	Corporate Bonds	Open/Demand
HSBC Securities (USA), Inc.		0.95	%		3/10/16	Open		255,000		255,552	Corporate Bonds	Open/Demand
UBS Ltd.		1.00	%		3/14/16	Open		1,041,765		1,044,022	Corporate Bonds	Open/Demand
HSBC Securities (USA), Inc.		0.65	%		3/15/16	Open		123,000		123,173	Corporate Bonds	Open/Demand
HSBC Securities (USA), Inc.		0.65	%		3/15/16	Open		1,414,000		1,415,991	Corporate Bonds	Open/Demand
HSBC Securities (USA), Inc.		0.65	%		3/15/16	Open		588,000		588,828	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.00	%		3/16/16	Open		369,000		369,769	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		0.95	%		3/16/16	Open		909,923		911,747	Corporate Bonds	Open/Demand
Credit Suisse Securities (USA) LLC		(4.00	)%		3/17/16	Open		207,863		206,200	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		0.95	%		3/17/16	Open		991,850		993,735	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		0.95	%		3/17/16	Open		391,817		392,603	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.00	%		3/17/16	Open		412,250		413,075	Corporate Bonds	Open/Demand
HSBC Securities (USA), Inc.		0.95	%		3/22/16	Open		542,000		543,015	Corporate Bonds	Open/Demand



34	BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2016


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

Reverse Repurchase Agreements (continued)


Counterparty	Interest Rate			Trade Date		Maturity Date¹	Face Value		Face Value Including Accrued Interest		Type of Underlying Collateral	Remaining Contractual Maturity of the Agreements¹
RBC Capital Markets LLC		0.64	%		3/22/16	Open	$	95,500	$	95,621	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		0.64	%		3/22/16	Open		288,563		288,927	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		0.64	%		3/22/16	Open		381,563		382,044	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		0.64	%		3/22/16	Open		477,225		477,827	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		0.75	%		3/22/16	Open		215,833		216,152	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		0.75	%		3/22/16	Open		190,950		191,232	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		0.75	%		3/22/16	Open		244,900		245,262	Corporate Bonds	Open/Demand
HSBC Securities (USA), Inc.		0.95	%		3/23/16	Open		308,000		308,569	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.00	%		3/24/16	Open		432,000		432,780	Corporate Bonds	Open/Demand
HSBC Securities (USA), Inc.		0.65	%		3/28/16	Open		194,000		194,224	Corporate Bonds	Open/Demand
HSBC Securities (USA), Inc.		0.95	%		3/28/16	Open		946,000		947,598	Corporate Bonds	Open/Demand
HSBC Securities (USA), Inc.		0.95	%		3/28/16	Open		174,000		174,294	Capital Trusts	Open/Demand
HSBC Securities (USA), Inc.		0.95	%		3/28/16	Open		314,000		314,530	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.00	%		3/28/16	Open		954,216		955,912	Corporate Bonds	Open/Demand
HSBC Securities (USA), Inc.		0.95	%		3/30/16	Open		411,000		411,662	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		0.90	%		3/30/16	Open		192,500		192,794	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.00	%		3/30/16	Open		174,143		174,438	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.00	%		3/30/16	Open		597,600		598,613	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.00	%		4/1/16	Open		366,000		366,590	Corporate Bonds	Open/Demand
HSBC Securities (USA), Inc.		0.95	%		4/4/16	Open		1,485,000		1,487,234	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.00	%		4/6/16	Open		418,287		418,926	Corporate Bonds	Open/Demand
HSBC Securities (USA), Inc.		0.95	%		4/6/16	Open		572,000		572,845	Corporate Bonds	Open/Demand
HSBC Securities (USA), Inc.		0.95	%		4/6/16	Open		554,000		554,819	Corporate Bonds	Open/Demand
HSBC Securities (USA), Inc.		0.95	%		4/6/16	Open		534,000		534,789	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		0.75	%		4/6/16	Open		123,970		124,112	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		0.75	%		4/6/16	Open		160,125		160,308	Corporate Bonds	Open/Demand



BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2016	35


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

Reverse Repurchase Agreements (continued)


Counterparty	Interest Rate			Trade Date		Maturity Date¹	Face Value		Face Value Including Accrued Interest		Type of Underlying Collateral	Remaining Contractual Maturity of the Agreements¹
RBC Capital Markets LLC		0.75	%		4/6/16	Open	$	138,180	$	138,338	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		0.75	%		4/6/16	Open		152,000		152,174	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		0.75	%		4/6/16	Open		114,358		114,489	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		0.75	%		4/6/16	Open		129,850		129,999	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		0.75	%		4/6/16	Open		117,968		118,103	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		0.75	%		4/6/16	Open		80,250		80,342	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		0.75	%		4/6/16	Open		124,688		124,830	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		0.75	%		4/6/16	Open		197,760		197,987	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		0.95	%		4/6/16	Open		360,800		361,324	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.00	%		4/6/16	Open		808,350		809,585	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.00	%		4/6/16	Open		552,750		553,594	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.00	%		4/6/16	Open		565,230		566,094	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.00	%		4/6/16	Open		610,885		611,818	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.10	%		4/6/16	Open		139,375		139,609	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.10	%		4/6/16	Open		290,000		290,487	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.10	%		4/6/16	Open		227,500		227,882	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		0.75	%		4/7/16	Open		134,135		134,278	Corporate Bonds	Open/Demand
HSBC Securities (USA), Inc.		0.65	%		4/20/16	Open		497,000		497,359	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.00	%		4/20/16	Open		322,920		323,279	Corporate Bonds	Open/Demand
BNP Paribas Securities Corp.		1.05	%		4/21/16	Open		493,000		493,575	Corporate Bonds	Open/Demand
BNP Paribas Securities Corp.		1.05	%		4/21/16	Open		469,000		469,547	Corporate Bonds	Open/Demand
BNP Paribas Securities Corp.		1.05	%		4/21/16	Open		881,000		882,028	Corporate Bonds	Open/Demand
BNP Paribas Securities Corp.		1.05	%		4/21/16	Open		701,000		701,818	Corporate Bonds	Open/Demand
BNP Paribas Securities Corp.		1.05	%		4/21/16	Open		601,000		601,701	Corporate Bonds	Open/Demand
BNP Paribas Securities Corp.		1.05	%		4/21/16	Open		565,000		565,659	Corporate Bonds	Open/Demand
BNP Paribas Securities Corp.		1.05	%		4/21/16	Open		405,000		405,473	Corporate Bonds	Open/Demand



36	BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2016


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

Reverse Repurchase Agreements (continued)


Counterparty	Interest Rate			Trade Date		Maturity Date¹	Face Value		Face Value Including Accrued Interest		Type of Underlying Collateral	Remaining Contractual Maturity of the Agreements¹
BNP Paribas Securities Corp.		1.05	%		4/21/16	Open	$	606,000	$	606,707	Corporate Bonds	Open/Demand
BNP Paribas Securities Corp.		1.05	%		4/21/16	Open		393,000		393,459	Corporate Bonds	Open/Demand
BNP Paribas Securities Corp.		1.05	%		4/21/16	Open		1,782,000		1,784,079	Corporate Bonds	Open/Demand
BNP Paribas Securities Corp.		1.05	%		4/21/16	Open		464,000		464,541	Corporate Bonds	Open/Demand
BNP Paribas Securities Corp.		1.05	%		4/21/16	Open		379,000		379,442	Corporate Bonds	Open/Demand
BNP Paribas Securities Corp.		1.05	%		4/21/16	Open		432,000		432,504	Corporate Bonds	Open/Demand
BNP Paribas Securities Corp.		1.05	%		4/21/16	Open		457,000		457,533	Corporate Bonds	Open/Demand
BNP Paribas Securities Corp.		1.05	%		4/21/16	Open		469,000		469,547	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		0.80	%		4/21/16	Open		967,088		967,947	Capital Trusts	Open/Demand
Deutsche Bank Securities, Inc.		0.85	%		4/21/16	Open		283,000		283,267	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.05	%		4/21/16	Open		130,000		130,152	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.05	%		4/21/16	Open		828,000		828,966	Capital Trusts	Open/Demand
Deutsche Bank Securities, Inc.		1.05	%		4/21/16	Open		134,000		134,156	Corporate Bonds	Open/Demand
BNP Paribas Securities Corp.		1.05	%		4/22/16	Open		443,000		443,465	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		0.95	%		4/22/16	Open		1,043,125		1,044,116	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.00	%		4/27/16	Open		892,040		892,858	Corporate Bonds	Open/Demand
UBS Ltd.		1.00	%		4/27/16	Open		302,120		302,397	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.00	%		4/28/16	Open		520,160		520,593	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.00	%		4/28/16	Open		171,496		171,639	Corporate Bonds	Open/Demand
HSBC Securities (USA), Inc.		0.65	%		4/29/16	Open		151,000		151,079	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		0.25	%		4/29/16	Open		288,576		288,634	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		0.95	%		4/29/16	Open		524,400		524,801	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.00	%		5/2/16	Open		493,850		494,234	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.00	%		5/2/16	Open		528,710		529,121	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.10	%		5/2/16	Open		580,000		580,496	Corporate Bonds	Open/Demand
UBS Ltd.		1.00	%		5/2/16	Open		727,388		727,953	Corporate Bonds	Open/Demand
Credit Suisse Securities (USA) LLC		0.30	%		5/3/16	Open		4,850,000		4,851,132	U.S. Treasury Obligations	Open/Demand



BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2016	37


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

Reverse Repurchase Agreements (continued)


Counterparty	Interest Rate			Trade Date		Maturity Date¹	Face Value		Face Value Including Accrued Interest		Type of Underlying Collateral	Remaining Contractual Maturity of the Agreements¹
Deutsche Bank Securities, Inc.		1.00	%		5/4/16	Open	$	702,720	$	703,267	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.00	%		5/4/16	Open		673,127		673,613	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.00	%		5/4/16	Open		480,967		481,315	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.00	%		5/4/16	Open		582,560		582,981	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.00	%		5/4/16	Open		527,363		527,743	Corporate Bonds	Open/Demand
UBS Ltd.		1.00	%		5/4/16	Open		436,800		437,115	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.00	%		5/5/16	Open		2,445,000		2,446,834	Capital Trusts	Open/Demand
HSBC Securities (USA), Inc.		0.95	%		5/5/16	Open		356,000		356,216	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		0.95	%		5/5/16	Open		212,850		212,979	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.00	%		5/5/16	Open		971,355		971,976	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.00	%		5/5/16	Open		502,500		502,821	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.00	%		5/5/16	Open		579,438		579,808	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.00	%		5/5/16	Open		588,910		589,286	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.10	%		5/5/16	Open		1,924,673		1,926,025	Corporate Bonds	Open/Demand
UBS Ltd.		1.00	%		5/5/16	Open		1,010,970		1,011,616	Corporate Bonds	Open/Demand
HSBC Securities (USA), Inc.		0.95	%		5/6/16	Open		1,039,000		1,039,603	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.00	%		5/10/16	Open		1,020,000		1,020,567	Corporate Bonds	Open/Demand
HSBC Securities (USA), Inc.		0.95	%		5/10/16	Open		512,000		512,270	Corporate Bonds	Open/Demand
HSBC Securities (USA), Inc.		0.53	%		5/11/16	6/13/16		2,634,000		2,634,776	U.S Government Sponsored Agency Securities	Up to 30 Days
Credit Suisse Securities (USA) LLC		1.25	%		5/11/16	Open		1,904,298		1,905,686	Foreign Agency Obligations	Open/Demand
Credit Suisse Securities (USA) LLC		1.25	%		5/11/16	Open		2,462,800		2,464,596	Foreign Agency Obligations	Open/Demand
UBS Ltd.		1.00	%		5/11/16	Open		292,530		292,701	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.00	%		5/12/16	Open		509,230		509,456	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.00	%		5/12/16	Open		623,100		623,377	Capital Trusts	Open/Demand
HSBC Securities (USA), Inc.		0.95	%		5/13/16	Open		372,000		372,147	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.00	%		5/13/16	Open		500,822		501,087	Corporate Bonds	Open/Demand



38	BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2016


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

Reverse Repurchase Agreements (continued)


Counterparty	Interest Rate			Trade Date		Maturity Date¹	Face Value		Face Value Including Accrued Interest		Type of Underlying Collateral	Remaining Contractual Maturity of the Agreements¹
Deutsche Bank Securities, Inc.		1.05	%		5/16/16	Open	$	1,552,000	$	1,552,679	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		0.00	%		5/16/16	Open		1,485,120		1,485,120	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		0.95	%		5/16/16	Open		430,000		430,170	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.00	%		5/16/16	Open		1,161,875		1,162,359	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.00	%		5/16/16	Open		528,930		529,150	Corporate Bonds	Open/Demand
BNP Paribas Securities Corp.		0.75	%		5/18/16	Open		4,027,000		4,028,091	Corporate Bonds	Open/Demand
BNP Paribas Securities Corp.		0.75	%		5/18/16	Open		400,000		400,108	Corporate Bonds	Open/Demand
BNP Paribas Securities Corp.		0.85	%		5/18/16	Open		574,000		574,176	Corporate Bonds	Open/Demand
BNP Paribas Securities Corp.		1.04	%		5/18/16	Open		966,000		966,363	Corporate Bonds	Open/Demand
BNP Paribas Securities Corp.		1.04	%		5/18/16	Open		563,000		563,211	Corporate Bonds	Open/Demand
BNP Paribas Securities Corp.		1.04	%		5/18/16	Open		1,310,000		1,310,492	Corporate Bonds	Open/Demand
BNP Paribas Securities Corp.		1.05	%		5/18/16	Open		916,000		916,347	Corporate Bonds	Open/Demand
BNP Paribas Securities Corp.		1.05	%		5/18/16	Open		1,758,000		1,758,667	Corporate Bonds	Open/Demand
BNP Paribas Securities Corp.		1.05	%		5/18/16	Open		656,000		656,249	Corporate Bonds	Open/Demand
BNP Paribas Securities Corp.		1.05	%		5/18/16	Open		598,000		598,227	Corporate Bonds	Open/Demand
UBS Ltd.		1.00	%		5/19/16	Open		261,120		261,185	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		(2.00	)%		5/20/16	Open		480,240		480,000	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.00	%		5/20/16	Open		308,016		308,084	Corporate Bonds	Open/Demand
BNP Paribas Securities Corp.		1.05	%		5/23/16	Open		564,000		564,148	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		(0.50	)%		5/23/16	Open		483,182		483,135	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.00	%		5/23/16	Open		161,370		161,410	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		0.95	%		5/23/16	Open		437,750		437,831	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.00	%		5/24/16	Open		287,000		287,048	Corporate Bonds	Open/Demand
HSBC Securities (USA), Inc.		0.95	%		5/24/16	Open		460,000		460,073	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		0.90	%		5/24/16	Open		196,080		196,109	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		0.75	%		5/25/16	Open		2,238,390		2,238,717	Corporate Bonds	Open/Demand



BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2016	39


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

Reverse Repurchase Agreements (continued)


Counterparty	Interest Rate			Trade Date		Maturity Date¹	Face Value		Face Value Including Accrued Interest		Type of Underlying Collateral	Remaining Contractual Maturity of the Agreements¹
RBC Capital Markets LLC		1.00	%		5/26/16	Open	$	484,544	$	484,544	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.00	%		5/26/16	Open		465,959		465,992	Corporate Bonds	Open/Demand
Deutsche Bank Securities, Inc.		1.00	%		5/27/16	Open		2,935,000		2,935,000	Corporate Bonds	Open/Demand
RBC Capital Markets LLC		1.00	%		5/31/16	Open		571,216		571,200	Corporate Bonds	Open/Demand
Total							$	249,293,510	$	249,903,509

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

Futures Contracts


Contracts Long (Short)			Issue	Expiration	Notional Value		Unrealized Appreciation (Depreciation)
	49		5-Year U.S. Treasury Note	September 2016	USD	5,885,742	$	4,051
	193		2-Year U.S. Treasury Note	September 2016	USD	42,055,906		19,293
	9		Ultra Long U.S. Treasury Bond	September 2016	USD	1,576,125		7,343
	9		10-Year U.S. Ultra Long Treasury Note	September 2016	USD	1,269,141		(82	)
	(2	)	German Euro-Bund Futures	June 2016	EUR	364,882		(2,227	)
	(492	)	10-Year U.S. Treasury Note	September 2016	USD	63,806,250		97,914
	(6	)	German Euro BOBL Futures	June 2016	EUR	877,080		663
	(82	)	Long U.S. Treasury Bond	September 2016	USD	13,391,625		(70,333	)
	Total						$	56,622

Forward Foreign Currency Exchange Contracts


Currency Purchased		Currency Sold		Counterparty	Settlement Date		Unrealized Appreciation (Depreciation)
CAD	1,958,286	USD	1,525,000	Citibank N.A.		6/02/16	$	(31,670	)
AUD	2,030,000	NZD	2,182,624	Morgan Stanley & Co. International PLC		6/03/16		(9,557	)
AUD	8,095,000	USD	6,240,152	Bank Of America N.A.		6/03/16		(389,721	)
AUD	5,900,000	USD	4,419,648	Goldman Sachs International		6/03/16		(155,590	)
CAD	1,915,000	JPY	165,279,685	HSBC Bank PLC		6/03/16		(32,284	)
JPY	170,023,736	CAD	1,930,000	Northern Trust Corp.		6/03/16		63,688
SEK	12,385,530	EUR	1,330,000	Morgan Stanley & Co. International PLC		6/03/16		5,016
USD	1,517,522	AUD	2,075,000	HSBC Bank PLC		6/03/16		17,875
USD	4,421,237	AUD	5,950,000	Northern Trust Corp.		6/03/16		121,043
USD	3,045,856	AUD	3,995,000	State Street Bank and Trust Co.		6/03/16		158,583
USD	1,525,000	CAD	1,911,042	Citibank N.A.		6/03/16		67,704
USD	1,008,291	CAD	1,263,000	Westpac Banking Corp.		6/06/16		45,182
USD	113,365	EUR	100,000	Bank Of America N.A.		6/06/16		2,086
USD	228,322	EUR	198,000	Canadian Imperial Bank of Commerce		6/06/16		7,990
USD	64,014	EUR	56,000	Citibank N.A.		6/06/16		1,698



40	BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2016


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

Forward Foreign Currency Exchange Contracts (concluded)


Currency Purchased		Currency Sold		Counterparty	Settlement Date		Unrealized Appreciation (Depreciation)
USD	11,511,908	EUR	10,071,000	Morgan Stanley & Co. International PLC		6/06/16	$	305,026
USD	4,871,786	EUR	4,262,000	Morgan Stanley & Co. International PLC		6/06/16		129,086
USD	228,723	EUR	200,000	Morgan Stanley & Co. International PLC		6/06/16		6,165
USD	112,209	EUR	99,000	Morgan Stanley & Co. International PLC		6/06/16		2,043
USD	109,967	EUR	98,000	Royal Bank of Scotland PLC		6/06/16		913
USD	57,667	EUR	50,000	Standard Chartered Bank		6/06/16		2,028
USD	171,902	EUR	150,000	State Street Bank and Trust Co.		6/06/16		4,984
USD	205,300	EUR	181,000	State Street Bank and Trust Co.		6/06/16		3,886
USD	33,632	EUR	30,000	State Street Bank and Trust Co.		6/06/16		248
USD	6,122,060	GBP	4,188,000	State Street Bank and Trust Co.		6/06/16		56,276
USD	12,580,337	GBP	8,606,000	State Street Bank and Trust Co.		6/06/16		115,643
USD	409,307	GBP	280,000	State Street Bank and Trust Co.		6/06/16		3,763
USD	409,307	GBP	280,000	State Street Bank and Trust Co.		6/06/16		3,763
USD	144,074	GBP	100,000	State Street Bank and Trust Co.		6/06/16		(764	)
USD	462,292	GBP	320,000	State Street Bank and Trust Co.		6/06/16		(1,187	)
AUD	2,070,000	NZD	2,256,820	JPMorgan Chase Bank N.A.		6/15/16		(30,576	)
CAD	1,965,698	GBP	1,030,000	Citibank N.A.		6/15/16		7,030
EUR	660,000	ZAR	11,217,993	Citibank N.A.		6/15/16		22,751
GBP	1,030,000	CAD	1,973,794	Northern Trust Corp.		6/15/16		(13,204	)
GBP	1,050,000	NZD	2,254,895	Citibank N.A.		6/15/16		(3,749	)
NZD	2,277,165	GBP	1,050,000	Citibank N.A.		6/15/16		18,807
USD	1,519,579	AUD	2,065,000	Morgan Stanley & Co. International PLC		6/15/16		27,832
ZAR	11,387,649	EUR	660,000	Morgan Stanley & Co. International PLC		6/15/16		(11,984	)
AUD	4,004,079	GBP	2,080,000	Morgan Stanley & Co. International PLC		6/30/16		(122,191	)
AUD	4,205,602	GBP	2,065,000	Northern Trust Corp.		6/30/16		45,040
GBP	1,530,834	AUD	3,021,959	BNP Paribas S.A.		6/30/16		35,747
GBP	579,166	AUD	1,143,456	Goldman Sachs International		6/30/16		13,417
AUD	2,000,000	NOK	12,369,930	Citibank N.A.		7/01/16		(34,592	)
NOK	9,920,877	AUD	1,654,650	Deutsche Bank AG		7/01/16		(8,803	)
NOK	2,524,622	AUD	420,350	UBS AG		7/01/16		(1,721	)
NOK	12,523,312	NZD	2,230,000	Bank Of America N.A.		7/06/16		(9,395	)
SEK	25,061,283	CHF	2,990,000	Northern Trust Corp.		7/06/16		(4,100	)
USD	965,828	CAD	1,258,000	Royal Bank of Canada		7/06/16		6,531
USD	4,759,248	EUR	4,262,000	Barclays Bank PLC		7/06/16		11,477
USD	12,530,154	EUR	11,221,000	Barclays Bank PLC		7/06/16		30,218
USD	93,646	EUR	84,000	State Street Bank and Trust Co.		7/06/16		72
USD	6,067,436	GBP	4,143,000	Barclays Bank PLC		7/06/16		65,441
USD	12,918,381	GBP	8,821,000	Barclays Bank PLC		7/06/16		139,332
USD	410,061	GBP	280,000	Barclays Bank PLC		7/06/16		4,423
Total							$	691,719



BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2016	41


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

OTC Options Purchased


Description	Put/ Call		Counterparty	Expiration Date		Strike Price		Notional Amount (000)		Contracts		Value
CAD Currency		Call	Barclays Bank PLC		06/01/2016		87.25	CAD	7,695		—	$	6
GBP Currency		Call	BNP Paribas Securities Corp.		06/28/2016		2.03	GBP	4,240		—		78,414
AUD Currency		Call	Citibank N.A.		06/29/2016		6.60	AUD	5,805		—		445
AUD Currency		Call	Deutsche Bank AG		06/29/2016		6.60	AUD	5,805		—		445
EUR Currency		Call	Deutsche Bank AG		07/29/2016		1.14	EUR	8,265		—		72,373
Marsico Parent Superholdco LLC		Call	Goldman Sachs & Co.		12/14/2019		942.86	USD	—		46		—
AUD Currency		Put	HSBC Bank PLC		06/01/2016		0.70	AUD	8,095		—		—
USD Currency		Put	BNP Paribas Securities Corp.		06/01/2016		1.26	USD	6,010		—		—
NZD Currency		Put	HSBC Bank PLC		06/15/2016		0.68	NZD	21,970		—		179,107
AUD Currency		Put	UBS Securities LLC		06/29/2016		5.85	AUD	11,610		—		23,890
EUR Currency		Put	Deutsche Bank AG		07/29/2016		1.09	EUR	8,265		—		66,579
Total												$	421,259


OTC Options Written
Description	Put/ Call		Counterparty	Expiration Date		Strike Price		Notional Amount (000)		Contracts		Value
AUD Currency		Call	HSBC Bank PLC		06/01/2016		0.74	AUD	8,095		—	$	(12	)
AUD Currency		Call	UBS AG		06/29/2016		6.60	AUD	11,610		—		(889	)
NZD Currency		Call	UBS AG		07/22/2016		5.93	NZD	21,965		—		(46,308	)
NZD Currency		Put	HSBC Bank PLC		06/15/2016		0.65	NZD	43,940		—		(47,419	)
NZD Currency		Put	UBS AG		07/22/2016		5.36	NZD	21,965		—		(53,680	)
Total												$	(148,308	)

Centrally Cleared Interest Rate Swaps

Fixed
Rate

Floating
Rate

Effective
Date

Expiration
Date

Notional
Amount
(000)

Unrealized
Appreciation
(Depreciation)

2.54%¹

3-Month LIBOR

9/04/14

9/04/24

USD 18,700

1,422,629

2.60%²

3-Month LIBOR

9/04/14

9/04/24

USD 18,700

(1,426,572

)

Total

(3,943

)

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

² Fund pays a 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
Westpac Banking Corp.		1.00	%		Deutsche Bank AG		9/20/17		USD 1	$	(6	)	$	4	$	(10	)
Australia & New Zealand Banking Group Ltd.		1.00	%		Deutsche Bank AG		9/20/17		USD 1		(6	)		4		(10	)
Total										$	(12	)	$	8	$	(20	)



42	BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2016


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

OTC Credit Default Swaps — Sell Protection


Issuer/Index	Receive Fixed Rate			Counterparty	Expiration Date		Credit Rating¹	Notional Amount (000)²			Value			Premiums Paid (Received)			Unrealized Appreciation (Depreciation)
CNH Industrial NV		5.00	%	BNP Paribas S.A.		12/20/20	BB+		EUR	21	$	2,668		$	2,260		$	408
Fiat Chrysler Automobiles NV		5.00	%	Bank of America N.A.		12/20/20	BB		EUR	55		4,455			4,788			(333	)
Fiat Chrysler Automobiles NV		5.00	%	Bank of America N.A.		12/20/20	BB		EUR	1		43			46			(3	)
Fiat Chrysler Automobiles NV		5.00	%	Barclays Bank PLC		6/20/21	BB		EUR	51		3,781			3,541			240
Fiat Chrysler Automobiles NV		5.00	%	Citibank N.A.		6/20/21	BB		EUR	28		2,077			2,325			(248	)
Fiat Chrysler Automobiles NV		5.00	%	Citibank N.A.		6/20/21	BB		EUR	28		2,077			2,325			(248	)
Fiat Chrysler Automobiles NV		5.00	%	Citibank N.A.		6/20/21	BB		EUR	28		2,077			2,325			(248	)
Fiat Chrysler Automobiles NV		5.00	%	Citibank N.A.		6/20/21	BB		EUR	49		3,627			3,396			231
Markit CMBX North America, Series 8		3.00	%	Barclays Bank PLC		10/17/57	NR		USD	5,000		(914,844	)		(530,799	)		(384,045	)
Markit CMBX North America, Series 8		3.00	%	Credit Suisse International		10/17/57	NR		USD	2,500		(457,422	)		(262,213	)		(195,209	)
Total											$	(1,351,461	)	$	(772,006	)	$	(579,455	)

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.



BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2016	43


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

Fair Value Hierarchy as of Period End

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

•

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

•

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

•

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

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

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		—	$	71,030,190	$	31,756,175	$	102,786,365
Common Stocks	$	3,010		187,252		1,568,035		1,758,297
Corporate Bonds		—		345,248,959		1,163,250		346,412,209
Floating Rate Loan Interests		—		220,253,107		10,754,983		231,008,090
Foreign Agency Obligations		—		17,024,869		—		17,024,869
Non-Agency Mortgage-Backed Securities		—		78,621,587		—		78,621,587
Other Interests		—		161,349		10		161,359
Preferred Securities		11,901,734		54,020,046		—		65,921,780
U.S. Government Sponsored Agency Securities		—		7,091,114		—		7,091,114
U.S. Treasury Obligations		—		4,860,740		—		4,860,740
Warrants		—		—		7,959		7,959
Short-Term Securities:
Money Market Funds		3,891,858		—		—		3,891,858
Options Purchased		—		421,259		—		421,259

Subtotal	$	15,796,602	$	798,920,472	$	45,250,412	$	859,967,486

Investments Valued at NAV¹								98,894

Total							$	860,066,380



44	BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2016


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


	Level 1			Level 2			Level 3	Total
Derivative Financial Instruments²
Assets:
Credit contracts		—		$	879		—	$	879
Foreign currency exchange contracts		—			1,552,807		—		1,552,807
Interest rate contracts	$	129,264			1,422,629		—		1,551,893
Liabilities:
Credit contracts		—			(580,354	)	—		(580,354	)
Foreign currency exchange contracts		—			(1,009,396	)	—		(1,009,396	)
Interest rate contracts		(72,642	)		(1,426,572	)	—		(1,499,214	)

Total	$	56,622		$	(40,007	)	—	$	16,615

¹ As of May 31, 2016, certain of the Fund’s Investments were fair valued using net asset value (“NAV”) per share and have been excluded from the fair value hierarchy. ² Derivative financial instruments are swaps, options written, futures contracts and forward foreign currency contracts, which are valued at the unrealized appreciation (depreciation) on the instrument.
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	$	1,055,654			—		—	$	1,055,654
Cash pledged as collateral for OTC derivatives		1,680,000			—		—		1,680,000
Cash pledged as collateral for reverse repurchase agreements		19,000			—		—		19,000
Cash pledged for centrally cleared swaps		1,170			—		—		1,170
Cash pledged for financial futures contracts		797,470			—		—		797,470
Foreign currency at value		1,153,001			—		—		1,153,001
Liabilities:
Reverse repurchase agreements		—		$	(249,903,509	)	—		(249,903,509	)

Total	$	4,706,295		$	(249,903,509	)	—	$	(245,197,214	)

During the period ended May 31, 2016, there were no transfers between Level 1 and Level 2.



BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2016	45


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

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


	Asset-Backed Securities			Common Stocks		Corporate Bonds			Floating Rate Loan Interests			Other Interests			Warrants			Grand Total
Assets:
Opening balance, as of August 31, 2015¹	$	57,724,413		$	620,087	$	2,293,812		$	11,940,990		$	144,283		$	26,648		$	72,750,233
Transfers into Level 3²		—			—		—			6,863,257			—			—			6,863,257
Transfers out of Level 3³		(4,605,842	)		—		(1,095,312	)		(5,139,043	)		(135,533	)		—			(10,975,730	)
Accrued discounts/premiums		(99,018	)		—		2,054			26,247			—			—			(70,717	)
Net realized gain (loss)		1,228,831			—		—			(199,233	)		—			—			1,029,598
Net change in unrealized appreciation (depreciation)⁴		(1,088,595	)		928,372		(37,304	)		39,044			(8,740	)		(18,689	)		(185,912	)
Purchases		—			19,576		—			3,602,603			—			—			3,622,179
Sales		(21,403,614	)		—		—			(6,378,882	)		—			—			(27,782,496	)
Closing balance, as of May 31, 2016	$	31,756,175		$	1,568,035	$	1,163,250		$	10,754,983		$	10		$	7,959		$	45,250,412

Net change in unrealized appreciation (depreciation) on investments still held at May 31, 2016⁴	$	(1,002,717	)	$	928,372	$	(37,304	)	$	57,038		$	(8,740	)	$	(18,689	)	$	(82,040	)

The opening balance of preferred securities has been adjusted to exclude certain investments amounting to $112,143 that were valued using NAV per share as no quoted market value is available. The fair value of those investments have been excluded from the fair value hierarchy due to the adoption of the Accounting Standard Update related to Fair Value Measurement: Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent).

As of August 31, 2015, the Fund used observable inputs in determining the value of certain investments. As of May 31, 2016, 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.

As of August 31, 2015, the Fund used significant unobservable inputs in determining the value of certain investments. As of May 31, 2016, the Fund used observable inputs in determining the value of the same investments. As a result, investments at beginning of period value were transferred from Level 3 to Level 2 in the disclosure hierarchy.

⁴

Any difference between net change in unrealized appreciation (depreciation) and net change in unrealized appreciation (depreciation) on investments still held at May 31, 2016 is generally due to investments no longer held or categorized as Level 3 at period end.

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



46	BLACKROCK LIMITED DURATION INCOME TRUST	MAY 31, 2016

Item 2 – Controls and Procedures

2(a) –

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

2(b) –

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

Item 3 – Exhibits

Certifications – Attached hereto

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

BlackRock Limited Duration Income Trust


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

Date: July 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: July 22, 2016

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

Date: July 22, 2016