Edgar Filing: BLACKROCK LTD DURATION INCOME TRUST

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number: 811-21349

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

Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809

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

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

Date of fiscal year end: 08/31/2015

Date of reporting period: 11/30/2014

Item 1 – Schedule of Investments

Schedule of Investments November 30, 2014 (Unaudited)	BlackRock Limited Duration Income Trust (BLW)
	(Percentages shown are based on Net Assets)


Common Stocks			Shares		Value
Auto Components — 0.0%
Lear Corp.			807	$		77,399

Chemicals — 0.0%
LyondellBasell Industries NV, Class A			37			2,918

Construction & Engineering — 0.0%
USI United Subcontractors			6,454			167,803

Diversified Consumer Services — 0.5%
Cengage Thomson Learning (a)			38,155			995,846
Houghton Mifflin Harcourt Co. (a)			128,441			2,468,636

					3,464,482

Diversified Financial Services — 0.3%
Kcad Holdings I Ltd. (a)			384,412,912			1,537,652

Household Durables — 0.0%
Berkline Benchcraft Equity LLC (a)			3,155			—

Total Common Stocks — 0.8%					5,250,254



Asset-Backed Securities — 13.40%			Par (000)

ACAS CLO Ltd., Series 2014-1A, Class C, 3.13%, 7/18/26 (b)(c)		USD	1,500		1,429,769
Adirondack Park CLO Ltd., Series 2013-1A, Class D, 3.88%, 4/15/24 (b)(c)			1,750		1,664,616
Aircraft Lease Securitisation Ltd., Series 2007-1A, Class G3, 0.42%, 5/10/32 (b)(c)			504		494,318
ALM Loan Funding, Series 2013-7RA (b)(c):
	Class C, 3.68%, 4/24/24		1,210		1,138,596
	Class D, 5.23%, 4/24/24		1,040		955,478
ALM XIV Ltd., Series 2014-14A, Class C, 3.68%, 7/28/26 (b)(c)			3,140		2,918,685
AmeriCredit Automobile, Receivables 2014-3, AMCAR 2014-3 C, 2.58%, 9/08/20			4,850		4,890,022
AMMC CLO 15, Ltd., Series 2014-15A, Class D, 4.44%, 12/09/26 (b)(c)(d)			2,000		1,910,000
Apidos CLO XVII, Series 2014-17A, Class B, 3.08%, 4/17/26 (b)(c)			3,000		2,895,182
Ares CLO, Ltd., ARES 2014 32A B 144A, 3.48%, 11/15/25 (b)(c)(d)			1,250		1,233,750
Atrium CDO Corp., Series 9A, Class D, 3.74%, 2/28/24 (b)(c)			1,100		1,040,783
Babson CLO Ltd., Series 2014-3A, Class C1, 3.23%, 1/15/26 (b)(c)			2,000		1,949,000


Asset-Backed Securities		Par (000)		Value
Battalion CLO IV Ltd., Series 2013-4A, Class C, 3.58%, 10/22/25 (b)(c)	USD	500	$	463,184
Benefit Street Partners CLO II Ltd., Series 2013-IIA, Class C, 3.73%, 7/15/24 (b)(c)		750		695,514
Benefit Street Partners CLO V Ltd., Series 2014-VA, Class C, 3.10%, 10/20/26 (b)(c)		2,500		2,410,345
Carlyle Global Market Strategies CLO 2014-5, Ltd., Series 2014-5A, Class C, 4.38%, 10/16/25 (b)(c)(d)		2,000		1,929,540
Carlyle Global Market Strategies CLO Ltd., Series 2013-1A, Class C, 4.23%, 2/14/25 (b)(c)		250		242,965
CarMax Auto Owner Trust, Series 2012-3, Class D, 2.29%, 4/15/19		2,530		2,572,808
Cent CLO, Series 2014-21A, Class C, 3.73%, 7/27/26 (b)(c)		1,000		928,040
Central Park CLO Ltd., Series 2011-1A, Class D, 3.43%, 7/23/22 (b)(c)		500		493,326
CIFC Funding 2014-IV, Ltd., Series 2014-4A, Class C1, 3.18%, 10/17/26 (b)(c)		2,850		2,726,924
CIFC Funding Ltd., Series 2014-3A, Class D, 3.55%, 7/22/26 (b)(c)		420		387,812
Countrywide Asset-Backed Certificates, Series 2007-7, Class 2A2, 0.32%, 10/25/47 (c)		878		869,258
Credit Suisse ABS Repackaging Trust, Series 2013-A, Class B, 2.50%, 1/25/30 (b)		2,423		2,348,117
Flagship CLO, Series 2014-8A, Class C, 3.33%, 1/16/26 (b)(c)		2,000		1,940,000
Fraser Sullivan CLO VII Ltd., Series 2012-7A, Class C, 4.23%, 4/20/23 (b)(c)		1,090		1,067,099
Gramercy Park CLO, Ltd., Series 2012-1AR, Class CR, 4.28%, 7/17/23 (b)(c)		5,000		4,922,897
GSAA Trust, Series 2007-3, Class 1A2, 0.33%, 3/25/47 (c)		2,695		1,403,076
Halcyon Loan Advisors Funding Ltd., Series 2013-1A, Class C, 3.73%, 4/15/25 (b)(c)		1,000		936,802
Jamestown CLO IV Ltd., Series 2014-4A, Class C, 3.73%, 7/15/26 (b)(c)		1,165		1,071,752
Madison Park Funding Ltd., Series 2012-10A, Class D, 4.48%, 1/20/25 (b)(c)		700		694,420

BLACKROCK LIMITED DURATION INCOME TRUST

NOVEMBER 30, 2014

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


Asset-Backed Securities			Par (000)		Value
Madison Park Funding XI Ltd., Series 2013-11A, Class D, 3.73%, 10/23/25 (b)(c)		USD	420	$	396,879
Neuberger Berman CLO XVIII, Ltd., Series 2014-18A, Class B, 3.38%, 11/14/25 (b)(c)(d)			2,250		2,184,345
Octagon Investment Partners XVI Ltd., Series 2013-1A, Class D, 3.58%, 7/17/25 (b)(c)			2,000		1,859,603
OZLM Funding Ltd., Series 2012-2A, Class C, 4.58%, 10/30/23 (b)(c)			500		488,177
OZLM IX, Ltd., Series 2014-9A, Class C, 3.83%, 1/20/27 (b)(c)(d)			1,500		1,402,800
OZLM VII Ltd., Series 2014-7A, Class C, 3.86%, 7/17/26 (b)(c)			780		729,099
OZLM VIII, Ltd., Series 2014-8A, Class B, 3.28%, 10/17/26 (b)(c)			2,500		2,409,502
Regatta Funding LP, Series 2013-2A, Class C, 4.23%, 1/15/25 (b)(c)			500		480,615
Regatta V Funding Ltd., Series 2014-1A, Class B, 3.23%, 10/25/26 (b)(c)			2,000		1,928,841
Santander Drive Auto Receivables Trust, Series 2014-4, Class C, 2.60%, 11/16/20			4,500		4,544,154
Santander Drive Auto Receivables Trust 2014-3, Series 2014-3, Class D, 2.65%, 8/17/20			4,015		3,975,749
Santander Drive Auto Receivables Trust 2014-4, Series 2014-4, Class D, 3.10%, 11/16/20			4,500		4,546,831
Sound Point CLO, Ltd., Series 2014-3A, Class D, 3.89%, 1/23/27 (b)(c)(d)			2,000		1,805,000
Symphony CLO XV Ltd., Series 2014-15A, Class C, 3.40%, 10/17/26 (b)(c)			4,000		3,940,450
Voya CLO, Ltd., Series 2014-4A (b):
	Class C, 4.23%, 10/14/26 (c)		2,500		2,411,750
	Class SUB, 0.00%, 10/14/26		1,000		925,000
World Financial Network Credit Card Master Trust, Series 2012-C, Class B, 3.57%, 8/15/22			3,000		3,129,333

					87,782,206

Interest Only Asset-Backed Securities — 0.1%
Sterling Bank Trust, Series 2004-2, Class Note, 2.08%, 3/30/30 (b)			6,860		473,744
Sterling Coofs Trust, Series 2004-1, Class A, 2.36%, 4/15/29 (b)			5,605		378,322

					852,066


Asset-Backed Securities			Par (000)		Value
Total Asset-Backed Securities — 13.5%				$	88,634,272



Corporate Bonds

Aerospace — 0.0%
Telefonica SA, Series TIT, 6.00%, 7/24/17 (g)		EUR	200		260,950

Aerospace & Defense — 0.7%
DigitalGlobe, Inc., 5.25%, 2/01/21 (b)(e)		USD	928		890,880
Huntington Ingalls Industries, Inc.:
	7.13%, 3/15/21		570		619,162
	5.00%, 12/15/21 (b)(d)		250		254,063
Meccanica Holdings USA, Inc., 6.25%, 7/15/19 (b)			339		366,968
TransDigm, Inc.:
	6.00%, 7/15/22 (e)		1,795		1,812,950
	6.50%, 7/15/24		835		851,700

					4,795,723

Airlines — 2.7%
Air Canada Pass-Through Trust, Series 2013-1, Class C, 6.63%, 5/15/18 (b)			651		672,743
American Airlines Pass-Through Trust, Series 2013-2 (e):
	Class A, 4.95%, 7/15/24		3,647		3,901,808
	Class B, 5.60%, 1/15/22 (b)		708		722,575
	Class C, 6.00%, 1/15/17 (b)		2,600		2,678,000
Continental Airlines Pass-Through Trust, Series 2012-3, Class C, 6.13%, 4/29/18 (e)			2,090		2,220,625
Delta Air Lines Pass-Through Trust, Series 2009-1, Class B, 9.75%, 6/17/18			217		244,798
United Airlines Pass-Through Trust, Series 2014-2, Class B, 4.63%, 3/03/24			2,300		2,248,250
US Airways Pass-Through Trust, Series 2012-1, Class C, 9.13%, 10/01/15 (e)			1,402		1,455,022
Virgin Australia Trust, Series 2013-1 (b):
	Class A, 5.00%, 4/23/25		716		741,071
	Class B, 6.00%, 4/23/22 (e)		1,477		1,517,604
	Class C, 7.13%, 10/23/18 (e)		1,059		1,090,757

					17,493,253

Auto Components — 1.4%
Affinia Group, Inc., 7.75%, 5/01/21 (e)			1,095		1,125,113
Autodis SA, 6.50%, 2/01/19		EUR	100		125,837

BLACKROCK LIMITED DURATION INCOME TRUST

NOVEMBER 30, 2014

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


Corporate Bonds			Par (000)		Value
Auto Components (concluded)
Icahn Enterprises LP/Icahn Enterprises Finance Corp., 4.88%, 3/15/19 (e)		USD	2,058	$	2,083,725
Jaguar Land Rover Automotive PLC, 8.25%, 3/15/20		GBP	554		954,738
Pittsburgh Glass Works LLC, 8.00%, 11/15/18 (b)		USD	186		197,160
Schaeffler Holding Finance BV:
	2.75%, 5/15/19	EUR	405		508,014
	5.75%, 11/15/21 (f)		115		150,683
	(6.25% Cash or 0.00% PIK), 6.25%, 11/15/19 (b)(f)	USD	804		841,185
	(6.75% Cash or 0.00% PIK), 6.75%, 11/15/22 (b)(f)		943		994,865
	(6.88% Cash or 7.63% PIK), 6.88%, 8/15/18 (b)(e)(f)		1,085		1,135,181
	(6.88% Cash), 6.88%, 8/15/18 (f)	EUR	375		490,774
Titan International, Inc., 6.88%, 10/01/20		USD	555		510,600

					9,117,875

Automobiles — 0.7%
Chrysler Group LLC/CG Co-Issuer, Inc., 8.00%, 6/15/19 (e)			1,087		1,152,220
General Motors Co. (e):
	3.50%, 10/02/18		2,478		2,539,950
	5.20%, 4/01/45		550		565,345

					4,257,515

Banks — 0.8%
Banco Espirito Santo SA:
	4.75%, 1/15/18	EUR	100		118,749
	4.00%, 1/21/19		100		115,983
CIT Group, Inc. (e):
	5.00%, 5/15/17	USD	890		927,825
	5.50%, 2/15/19 (b)		1,370		1,452,200
HSBC Holdings PLC, 6.25%, 3/19/18		EUR	1,000		1,441,049
Nordea Bank AB, 4.50%, 3/26/20			1,020		1,457,385

					5,513,191

Beverages — 0.1%
Constellation Brands, Inc.:
	7.25%, 5/15/17	USD	82		91,635
	3.88%, 11/15/19		294		299,468

					391,103

Building Products — 1.1%
American Builders & Contractors Supply Co., Inc., 5.63%, 4/15/21 (b)			190		191,900


Corporate Bonds			Par (000)		Value
Building Products (concluded)
BMBG Bond Finance SCA, 5.08%, 10/15/20 (c)		EUR	200	$	249,187
Builders FirstSource, Inc., 7.63%, 6/01/21 (b)(e)		USD	650		672,750
Building Materials Corp. of America (b)(e):
	6.75%, 5/01/21		770		828,712
	5.38%, 11/15/24		1,005		1,005,000
Cemex Finance LLC, 6.00%, 4/01/24 (b)			295		295,369
Cemex SAB de CV, 5.70%, 1/11/25 (b)			670		646,550
CPG Merger Sub LLC, 8.00%, 10/01/21 (b)(e)			1,030		1,084,075
Ply Gem Industries, Inc., 6.50%, 2/01/22			745		720,788
USG Corp., 9.75%, 1/15/18 (e)			1,390		1,598,500

					7,292,831

Capital Markets — 1.2%
American Capital Ltd., 6.50%, 9/15/18 (b)(e)			975		1,028,625
Blackstone CQP Holdco LP, 9.30%, 3/18/19			1,051		1,061,788
E*Trade Financial Corp.:
	3.58%, 8/31/19 (b)(g)(h)		249		549,200
	5.38%, 11/15/22		627		633,270
The Goldman Sachs Group, Inc., 3.30%, 5/03/15 (e)			3,285		3,322,354
SteelRiver Transmission Co. LLC, 4.71%, 6/30/17 (b)(e)			1,035		1,083,215

					7,678,452

Chemicals — 1.0%
Ashland, Inc., 3.88%, 4/15/18 (e)			675		680,906
Axalta Coating Systems US Holdings, Inc./Axalta Coating Systems Dutch Holding BV:
	5.75%, 2/01/21	EUR	200		262,368
	7.38%, 5/01/21 (b)	USD	398		429,840
Chemtura Corp., 5.75%, 7/15/21			200		198,000
Huntsman International LLC:
	8.63%, 3/15/21		655		710,675
	5.13%, 4/15/21	EUR	331		431,976
INEOS Group Holdings SA:
	6.13%, 8/15/18 (b)	USD	314		308,929
	6.50%, 8/15/18	EUR	122		153,976
LSB Industries, Inc., 7.75%, 8/01/19		USD	167		177,020

BLACKROCK LIMITED DURATION INCOME TRUST

NOVEMBER 30, 2014

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


Corporate Bonds			Par (000)		Value
Chemicals (concluded)
Rockwood Specialties Group, Inc., 4.63%, 10/15/20 (e)		USD	3,123	$	3,263,535

					6,617,225

Commercial Services & Supplies — 1.3%
Abengoa Greenfield SA, 6.50%, 10/01/19 (b)			766		674,080
ADS Waste Holdings, Inc., 8.25%, 10/01/20			292		306,600
ARAMARK Corp., 5.75%, 3/15/20 (e)			712		735,140
Aviation Capital Group Corp., 4.63%, 1/31/18 (b)(e)			1,000		1,040,724
Brand Energy & Infrastructure Services, Inc., 8.50%, 12/01/21 (b)			203		203,000
Covanta Holding Corp., 6.38%, 10/01/22			100		106,250
Mobile Mini, Inc., 7.88%, 12/01/20 (e)			915		979,050
Modular Space Corp., 10.25%, 1/31/19 (b)(e)			1,253		1,259,265
United Rentals North America, Inc. (e):
	5.75%, 7/15/18		494		516,230
	7.63%, 4/15/22		1,518		1,677,390
	5.75%, 11/15/24		1,039		1,077,963

					8,575,692

Communications Equipment — 2.2%
ADC Telecommunications, Inc., 3.50%, 7/15/15 (g)			6,670		6,720,025
Alcatel-Lucent USA, Inc. (b)(e):
	4.63%, 7/01/17		800		806,000
	6.75%, 11/15/20		2,150		2,230,625
Avaya, Inc., 7.00%, 4/01/19 (b)			437		427,167
CommScope, Inc. (b):
	5.00%, 6/15/21		215		215,000
	5.50%, 6/15/24		221		219,895
Zayo Group LLC/Zayo Capital, Inc. (e):
	8.13%, 1/01/20		1,800		1,921,500
	10.13%, 7/01/20		1,460		1,642,500

					14,182,712

Construction & Engineering — 0.5%
AECOM Technology Corp. (b):
	5.75%, 10/15/22		215		225,212
	5.88%, 10/15/24		981		1,037,407
BlueLine Rental Finance Corp., 7.00%, 2/01/19 (b)			165		171,188
Novafives SAS:
	4.08%, 6/30/20 (c)	EUR	100		123,972


Corporate Bonds			Par (000)		Value
Construction & Engineering (concluded)
Novafives SAS (concluded):
	4.50%, 6/30/21	EUR	100	$	123,506
Safway Group Holding LLC/Safway Finance Corp., 7.00%, 5/15/18 (b)(e)		USD	1,138		1,147,275
Weekley Homes LLC/Weekley Finance Corp., 6.00%, 2/01/23			320		314,080

					3,142,640

Construction Materials — 1.6%
HD Supply, Inc.:
	8.13%, 4/15/19 (e)		4,285		4,655,653
	11.00%, 4/15/20 (e)		770		881,650
	7.50%, 7/15/20 (e)		2,696		2,844,280
	5.25%, 12/15/21 (b)(d)		1,828		1,866,845
Officine MaccaFerri SpA, 5.75%, 6/01/21		EUR	150		183,813

					10,432,241

Consumer Finance — 0.3%
Ford Motor Credit Co. LLC, 7.00%, 4/15/15 (e)		USD	400		409,097
Hyundai Capital America, 3.75%, 4/06/16 (b)(e)			1,285		1,331,913
Springleaf Finance Corp., 8.25%, 10/01/23			79		90,060

					1,831,070

Containers & Packaging — 0.4%
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc.:
	6.00%, 6/30/21 (b)		380		376,200
	4.25%, 1/15/22	EUR	320		397,427
Beverage Packaging Holdings Luxembourg II SA, 6.00%, 6/15/17 (b)(e)		USD	1,560		1,556,100
Crown Americas LLC/Crown Americas Capital Corp. III, 6.25%, 2/01/21 (e)			144		151,380
Crown European Holdings SA, 4.00%, 7/15/22		EUR	260		341,078
SGD Group SAS, 5.63%, 5/15/19			100		121,858

					2,944,043

Distributors — 0.1%
VWR Funding, Inc., 7.25%, 9/15/17 (e)		USD	874		915,620

Diversified Consumer Services — 0.2%
Laureate Education, Inc., 9.75%, 9/01/19 (b)			960		996,000

BLACKROCK LIMITED DURATION INCOME TRUST

NOVEMBER 30, 2014

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


Corporate Bonds			Par (000)		Value
Diversified Financial Services — 2.8%
Aircastle Ltd., 6.25%, 12/01/19 (e)		USD	367	$	393,608
Ally Financial, Inc.:
	8.30%, 2/12/15 (e)		2,460		2,490,750
	8.00%, 11/01/31 (e)		2,030		2,552,725
	8.00%, 11/01/31		869		1,084,077
CE Energy AS, 7.00%, 2/01/21		EUR	150		190,574
Co-Operative Group Holdings, 6.88%, 7/08/20 (i)		GBP	190		304,199
Ford Motor Credit Co. LLC, 3.88%, 1/15/15 (e)		USD	2,475		2,484,578
General Motors Financial Co., Inc. (e):
	2.63%, 7/10/17		2,760		2,791,420
	4.38%, 9/25/21		530		549,213
HSH Nordbank AG, 0.92%, 2/14/17 (c)		EUR	153		160,645
Jefferies Finance LLC/JFIN Co-Issuer Corp. (b):
	7.38%, 4/01/20 (e)	USD	585		564,525
	6.88%, 4/15/22		456		426,360
Leucadia National Corp., 8.13%, 9/15/15 (e)			1,870		1,970,045
MSCI, Inc., 5.25%, 11/15/24 (b)(e)			591		613,162
Reynolds Group Issuer, Inc.:
	9.00%, 4/15/19		790		823,575
	9.88%, 8/15/19		307		330,793
	5.75%, 10/15/20		625		642,969
	6.88%, 2/15/21		210		221,813

					18,595,031

Diversified Telecommunication Services — 2.8%
CenturyLink, Inc.:
	6.45%, 6/15/21		155		168,950
	Series V, 5.63%, 4/01/20 (e)		751		792,305
Level 3 Communications, Inc., 8.88%, 6/01/19 (e)			735		786,450
Level 3 Financing, Inc.:
	3.83%, 1/15/18 (c)		411		413,260
	8.13%, 7/01/19 (e)		3,083		3,283,395
	7.00%, 6/01/20		495		529,031
	6.13%, 1/15/21 (e)		1,682		1,753,485
Telecom Italia SpA:
	6.13%, 11/15/16 (g)	EUR	300		448,575
	6.38%, 6/24/19	GBP	200		341,699
	4.88%, 9/25/20	EUR	220		301,081
	4.50%, 1/25/21		270		364,159
	5.88%, 5/19/23	GBP	450		753,722
Telenet Finance V Luxembourg SCA:
	6.25%, 8/15/22		271		369,830
	6.75%, 8/15/24		397		555,768


Corporate Bonds			Par (000)		Value
Diversified Telecommunication Services (concluded)
Verizon Communications, Inc., 3.65%, 9/14/18 (e)		USD	7,000	$	7,431,116
Windstream Corp.:
	7.75%, 10/15/20		41		43,030
	6.38%, 8/01/23		5		4,825

					18,340,681

Electric Utilities — 0.3%
ContourGlobal Power Holdings SA, 7.13%, 6/01/19 (b)			728		740,631
Homer City Generation LP (f):
	8.14% (8.14% Cash), 10/01/19		327		338,205
	8.73% (8.73% Cash), 10/01/26		589		613,043
Mirant Mid Atlantic Pass-Through Trust, Series B, 9.13%, 6/30/17			403		433,342

					2,125,221

Electrical Equipment — 0.1%
Belden, Inc.:
	5.50%, 4/15/23	EUR	140		179,306
	Series NOV, 5.50%, 4/15/23		209		264,273
Techem Energy Metering Service GmbH & Co., 7.88%, 10/01/20			106		145,764

					589,343

Energy Equipment & Services — 0.5%
Calfrac Holdings LP, 7.50%, 12/01/20 (b)		USD	503		452,700
CGG SA, 7.75%, 5/15/17			111		109,890
MEG Energy Corp. (b)(e):
	6.50%, 3/15/21		244		224,480
	7.00%, 3/31/24		864		784,080
Peabody Energy Corp. (e):
	6.00%, 11/15/18		1,004		956,310
	6.25%, 11/15/21		583		546,563
Precision Drilling Corp., 5.25%, 11/15/24 (b)			522		443,700

					3,517,723

Food & Staples Retailing — 0.6%
Brakes Capital, 7.13%, 12/15/18		GBP	1,255		1,940,707
Premier Foods Finance PLC, 5.56%, 3/16/20 (c)			115		158,074
R&R Ice Cream PLC:
	4.75%, 5/15/20	EUR	150		184,186
	5.50%, 5/15/20	GBP	105		159,916

BLACKROCK LIMITED DURATION INCOME TRUST

NOVEMBER 30, 2014

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


Corporate Bonds			Par (000)		Value
Food & Staples Retailing (concluded)
Rite Aid Corp., 9.25%, 3/15/20 (e)		USD	1,095	$	1,207,238

					3,650,121

Food Products — 0.3%
Anna Merger Sub, Inc., 7.75%, 10/01/22 (b)			635		650,875
Boparan Finance PLC:
	4.38%, 7/15/21	EUR	105		114,242
	5.50%, 7/15/21	GBP	115		154,949
Smithfield Foods, Inc.:
	5.88%, 8/01/21 (b)	USD	193		204,580
	6.63%, 8/15/22		783		847,597
Univeg Holding BV, 7.88%, 11/15/20		EUR	135		149,401

					2,121,644

Health Care Equipment & Supplies — 0.2%
Biomet, Inc., 6.50%, 10/01/20 (e)		USD	418		442,662
DJO Finance LLC/DJO Finance Corp., 8.75%, 3/15/18 (e)			413		433,650
Teleflex, Inc., 6.88%, 6/01/19 (e)			675		707,063

					1,583,375

Health Care Providers & Services — 2.1%
Acadia Healthcare Co., Inc., 5.13%, 7/01/22			240		240,600
Amsurg Corp., 5.63%, 7/15/22 (b)(e)			1,016		1,041,400
Aviv Healthcare Properties LP/Aviv Healthcare Capital Corp., 7.75%, 2/15/19 (e)			995		1,044,750
CHS/Community Health Systems, Inc. (e):
	5.13%, 8/15/18		490		504,087
	6.88%, 2/01/22		1,404		1,486,485
Crown Newco 3 PLC, 7.00%, 2/15/18 (b)(d)		GBP	205		333,161
DaVita HealthCare Partners, Inc., 5.13%, 7/15/24 (e)		USD	1,093		1,121,008
HCA Holdings, Inc., 7.75%, 5/15/21			285		305,663
HCA, Inc.:
	3.75%, 3/15/19		786		782,954
	6.50%, 2/15/20		160		177,000
	5.88%, 3/15/22		82		89,175
	4.75%, 5/01/23		108		108,675
	5.00%, 3/15/24		335		339,188
Hologic, Inc., 6.25%, 8/01/20 (e)			1,289		1,334,921
Kindred Healthcare, Inc., 6.38%, 4/15/22 (b)			186		179,490
Omnicare, Inc.:
	4.75%, 12/01/22		165		167,475
	5.00%, 12/01/24		104		106,080


Corporate Bonds			Par (000)		Value
Health Care Providers & Services (concluded)
Tenet Healthcare Corp.:
	6.25%, 11/01/18	USD	264	$	285,780
	5.00%, 3/01/19 (b)(e)		911		897,335
	4.75%, 6/01/20		520		526,500
	6.00%, 10/01/20 (e)		811		862,701
	8.13%, 4/01/22 (e)		1,098		1,227,015
Voyage Care Bondco PLC, 6.50%, 8/01/18		GBP	355		565,600

					13,727,043

Hotels, Restaurants & Leisure — 4.6%
Caesars Entertainment Operating Co., Inc., 9.00%, 2/15/20		USD	5,255		4,165,931
Carlson Travel Holdings, Inc., 7.50% (7.50% Cash or 8.25% PIK), 8/15/19 (b)(f)			204		205,530
CDW LLC/CDW Finance Corp.:
	6.00%, 8/15/22		535		559,744
	5.50%, 12/01/24 (d)		1,147		1,144,132
Enterprise Funding Ltd., Series ETI, 3.50%, 9/10/20 (g)		GBP	100		147,062
Enterprise Inns PLC, 6.50%, 12/06/18			926		1,491,974
GLP Capital LP/GLP Financing II, Inc., 4.38%, 11/01/18		USD	357		365,925
Greektown Holdings LLC/Greektown Mothership Corp., 8.88%, 3/15/19 (b)			485		493,488
New Red Finance, Inc., 6.00%, 4/01/22 (b)			860		881,500
Six Flags Entertainment Corp., 5.25%, 1/15/21 (b)(e)			576		577,440
Snai SpA, 7.63%, 6/15/18		EUR	205		258,835
Spirit Issuer PLC (c):
	Series A1, 1.11%, 12/28/28	GBP	498		662,873
	Series A2, 3.26%, 12/28/31		1,800		2,727,251
	Series A5, 5.47%, 12/28/34		4,500		6,888,419
	Series A6, 2.36%, 12/28/36		2,670		4,014,144
Station Casinos LLC, 7.50%, 3/01/21 (e)		USD	2,245		2,368,475
Tropicana Entertainment LLC/Tropicana Finance Corp., 9.63%, 12/15/14 (a)(j)			375		—
The Unique Pub Finance Co. PLC:
	Series A3, 6.54%, 3/30/21	GBP	1,250		2,010,946
	Series A4, 5.66%, 6/30/27		781		1,214,503

					30,178,172

Household Durables — 1.4%
Ashton Woods USA LLC/Ashton Woods Finance Co., 6.88%, 2/15/21 (b)		USD	510		497,250

BLACKROCK LIMITED DURATION INCOME TRUST

NOVEMBER 30, 2014

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


Corporate Bonds			Par (000)		Value
Household Durables (concluded)
Beazer Homes USA, Inc.:
	6.63%, 4/15/18 (e)	USD	910	$	953,225
	5.75%, 6/15/19		523		502,080
Berkline/Benchcraft LLC, 4.50%, 11/03/15			200		—
Brookfield Residential Properties, Inc., 6.50%, 12/15/20 (b)(e)			925		980,500
Brookfield Residential Properties, Inc./Brookfield Residential US Corp., 6.13%, 7/01/22 (b)			259		271,950
K. Hovnanian Enterprises, Inc., 7.25%, 10/15/20 (b)(e)			2,130		2,252,475
KB Home, 7.25%, 6/15/18 (e)			880		953,700
Standard Pacific Corp., 8.38%, 1/15/21 (e)			1,000		1,155,000
Taylor Morrison Communities, Inc./Monarch Communities, Inc., 5.25%, 4/15/21 (b)			597		599,985
Tri Pointe Holdings, Inc. (b):
	4.38%, 6/15/19		500		495,000
	5.88%, 6/15/24		340		346,800

					9,007,965

Household Products — 0.1%
Spectrum Brands, Inc.:
	6.38%, 11/15/20		250		264,375
	6.63%, 11/15/22		285		303,525

					567,900

Independent Power and Renewable Electricity Producers — 0.9%
The AES Corp., 7.75%, 10/15/15 (e)			534		560,700
Baytex Energy Corp. (b):
	5.13%, 6/01/21		170		156,400
	5.63%, 6/01/24		61		54,595
Calpine Corp.:
	6.00%, 1/15/22 (b)		143		152,653
	5.38%, 1/15/23 (e)		1,099		1,114,111
	5.88%, 1/15/24 (b)		438		465,375
	5.75%, 1/15/25 (e)		962		978,835
Dynegy Finance I, Inc./Dynegy Finance II, Inc., 6.75%, 11/01/19 (b)			1,180		1,227,200
NRG Energy, Inc.:
	7.88%, 5/15/21		177		191,603
	6.25%, 5/01/24 (b)		267		273,007
NRG REMA LLC:
	Series B, 9.24%, 7/02/17		63		67,073
	Series C, 9.68%, 7/02/26 (e)		589		636,120

					5,877,672

Insurance — 1.5%
Allied World Assurance Co., Ltd., 7.50%, 8/01/16 (e)			3,000		3,298,155


Corporate Bonds			Par (000)		Value
Insurance (concluded)
CNO Financial Group, Inc., 6.38%, 10/01/20 (b)(e)		USD	304	$	323,760
Forethought Financial Group, Inc., 8.63%, 4/15/21 (b)(e)			750		859,552
Genworth Holdings, Inc., 4.80%, 2/15/24			240		209,578
Hockey Merger Sub 2, Inc., 7.88%, 10/01/21 (b)			255		264,563
MPL 2 Acquisition Canco, Inc., 9.88%, 8/15/18 (b)			595		636,650
Muenchener Rueckversicherungs AG, 6.00%, 5/26/41 (c)		EUR	400		601,551
Pension Insurance Corp. PLC, 6.50%, 7/03/24		GBP	125		199,362
Prudential Holdings LLC, 8.70%, 12/18/23 (b)(e)		USD	2,871		3,688,373

					10,081,544

Internet Software & Services — 0.2%
IAC/InterActiveCorp, 4.88%, 11/30/18 (e)			695		714,112
Interactive Data Corp., 5.88%, 4/15/19 (b)			741		743,779

					1,457,891

IT Services — 1.4%
Ceridian Corp., 8.88%, 7/15/19 (b)(e)			1,395		1,548,450
Ceridian HCM Holding, Inc., 11.00%, 3/15/21 (b)(e)			954		1,063,710
Epicor Software Corp., 8.63%, 5/01/19 (e)			1,260		1,326,150
First Data Corp.:
	7.38%, 6/15/19 (b)(e)		1,775		1,868,187
	6.75%, 11/01/20 (b)(e)		813		865,845
	11.75%, 8/15/21		713		825,298
SunGard Data Systems, Inc., 6.63%, 11/01/19 (e)			900		918,000
WEX, Inc., 4.75%, 2/01/23 (b)(e)			550		533,500

					8,949,140

Media — 5.5%
Adria Bidco BV, 7.88%, 11/15/20		EUR	140		184,180
Altice Financing SA, 6.50%, 1/15/22 (b)(e)		USD	850		858,500
Altice SA:
	7.25%, 5/15/22	EUR	400		517,275
	7.75%, 5/15/22 (b)(e)	USD	1,050		1,085,437
AMC Networks, Inc., 7.75%, 7/15/21 (e)			865		940,687
CBS Outdoor Americas Capital LLC/CBS Outdoor Americas Capital Corp. (b):
	5.25%, 2/15/22		105		107,625

BLACKROCK LIMITED DURATION INCOME TRUST

NOVEMBER 30, 2014

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


Corporate Bonds			Par (000)		Value
Media (continued)
CBS Outdoor Americas Capital LLC/CBS Outdoor Americas Capital Corp. (b) (concluded):
	5.63%, 2/15/24	USD	95	$	97,969
CCOH Safari LLC:
	5.50%, 12/01/22		993		1,004,171
	5.75%, 12/01/24		1,969		1,981,306
Cengage Learning Acquisitions, Inc., 11.50%, 4/15/20 (a)			509		—
Clear Channel Worldwide Holdings, Inc.:
	7.63%, 3/15/20		677		704,757
	6.50%, 11/15/22 (e)		965		1,000,994
	6.50%, 11/15/22		213		222,053
Columbus International, Inc., 7.38%, 3/30/21 (b)(e)			1,375		1,464,375
DISH DBS Corp.:
	7.13%, 2/01/16 (e)		200		212,500
	4.25%, 4/01/18 (e)		1,330		1,353,275
	5.88%, 11/15/24 (b)		1,336		1,346,020
DreamWorks Animation SKG, Inc., 6.88%, 8/15/20 (b)			305		317,963
Gannett Co., Inc.:
	5.13%, 10/15/19		197		204,634
	5.13%, 7/15/20		218		225,085
	6.38%, 10/15/23		304		327,180
Gray Television, Inc., 7.50%, 10/01/20 (e)			428		442,980
iHeartCommunications, Inc.:
	9.00%, 12/15/19		345		338,963
	9.00%, 3/01/21 (e)		966		941,850
	9.00%, 9/15/22 (b)		755		736,125
Inmarsat Finance PLC, 4.88%, 5/15/22 (b)(e)			825		822,938
Intelsat Jackson Holdings SA:
	7.25%, 10/15/20 (e)		1,660		1,761,675
	5.50%, 8/01/23		515		507,275
Intelsat Luxembourg SA, 6.75%, 6/01/18			800		820,000
Level 3 Escrow II, Inc., 5.38%, 8/15/22 (b)			1,055		1,065,550
Live Nation Entertainment, Inc., 7.00%, 9/01/20 (b)			185		197,025
MDC Partners, Inc., 6.75%, 4/01/20 (b)			733		756,823
Media General Financing Sub, Inc., 5.88%, 11/15/22 (b)			303		304,515
Midcontinent Communications & Midcontinent Finance Corp., 6.25%, 8/01/21 (b)			245		252,350
NAI Entertainment Holdings/NAI Entertainment Holdings Finance Corp., 5.00%, 8/01/18 (b)			345		357,075


Corporate Bonds			Par (000)		Value
Media (concluded)
Nielsen Finance LLC/Nielsen Finance Co., 5.00%, 4/15/22 (b)		USD	330	$	332,475
Numericable Group SA:
	4.88%, 5/15/19 (b)(e)		1,770		1,750,087
	5.38%, 5/15/22	EUR	110		143,618
	6.00%, 5/15/22 (b)(e)	USD	1,530		1,554,128
	5.63%, 5/15/24	EUR	260		340,270
	6.25%, 5/15/24 (b)(e)	USD	510		519,563
RCN Telecom Services LLC/RCN Capital Corp., 8.50%, 8/15/20 (b)			800		856,000
Sinclair Television Group, Inc., 5.63%, 8/01/24 (b)			191		186,225
Sirius XM Radio, Inc., 5.75%, 8/01/21 (b)(e)			424		443,080
Sterling Entertainment Corp., 10.00%, 12/15/19			1,175		1,198,500
Townsquare Radio LLC/Townsquare Radio, Inc., 9.00%, 4/01/19 (b)			789		852,120
Unitymedia Hessen GmbH & Co. KG/Unitymedia NRW GmbH, 7.50%, 3/15/19			1,440		1,515,600
Virgin Media Secured Finance PLC, 6.00%, 4/15/21		GBP	1,274		2,100,352
VTR Finance BV, 6.88%, 1/15/24 (b)		USD	512		538,880

					35,792,028

Metals & Mining — 2.0%
Alcoa, Inc., 5.13%, 10/01/24 (e)			1,523		1,604,988
ArcelorMittal (e):
	4.25%, 8/05/15		738		751,837
	6.13%, 6/01/18		612		648,720
Constellium NV:
	4.63%, 5/15/21	EUR	195		237,017
	5.75%, 5/15/24 (b)	USD	358		343,680
Global Brass & Copper, Inc., 9.50%, 6/01/19 (e)			695		758,419
Kaiser Aluminum Corp., 8.25%, 6/01/20 (e)			510		559,725
Novelis, Inc.:
	8.38%, 12/15/17		175		182,438
	8.75%, 12/15/20 (e)		2,906		3,153,010
Peabody Energy Corp., 6.50%, 9/15/20			408		382,500
Perstorp Holding AB, 8.75%, 5/15/17 (b)			290		297,250
Ryerson, Inc./Joseph T Ryerson & Son, Inc., 9.00%, 10/15/17			160		163,200
Steel Dynamics, Inc. (e):
	5.13%, 10/01/21 (b)		645		669,187
	6.38%, 8/15/22		555		596,625

BLACKROCK LIMITED DURATION INCOME TRUST

NOVEMBER 30, 2014

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


Corporate Bonds			Par (000)		Value
Metals & Mining (concluded)
ThyssenKrupp AG, 3.13%, 10/25/19		EUR	400	$	523,252
Wise Metals Group LLC/Wise Alloys Finance Corp., 8.75%, 12/15/18 (b)(e)		USD	2,156		2,306,920

					13,178,768

Multiline Retail — 0.2%
Hema Bondco I BV, 6.25%, 6/15/19		EUR	205		218,583
The Neiman Marcus Group Ltd., 8.00%, 10/15/21 (b)(e)		USD	856		911,640

					1,130,223

Oil, Gas & Consumable Fuels — 4.3%
Access Midstream Partners LP/ACMP Finance Corp.:
	4.88%, 5/15/23		455		464,100
	4.88%, 3/15/24		209		213,180
Antero Resources Finance Corp., 5.38%, 11/01/21 (e)			774		764,325
Athlon Holdings LP/Athlon Finance Corp.:
	7.38%, 4/15/21		165		188,719
	6.00%, 5/01/22 (b)		149		161,293
Bonanza Creek Energy, Inc., 6.75%, 4/15/21			95		90,250
California Resources Corp., 6.00%, 11/15/24 (b)			1,280		1,141,600
Chaparral Energy, Inc., 7.63%, 11/15/22			305		279,075
Cimarex Energy Co., 4.38%, 6/01/24			206		203,425
Concho Resources, Inc., 5.50%, 4/01/23 (e)			1,365		1,344,525
CONSOL Energy, Inc., 5.88%, 4/15/22 (b)(e)			1,653		1,648,867
El Paso LLC:
	7.80%, 8/01/31		116		145,373
	7.75%, 1/15/32 (e)		556		702,784
Energy Transfer Equity LP, 5.88%, 1/15/24 (e)			875		927,500
Energy XXI Gulf Coast, Inc., 6.88%, 3/15/24 (b)			64		48,000
EnQuest PLC, 7.00%, 4/15/22 (b)			228		180,120
EP Energy LLC/Everest Acquisition Finance, Inc., 6.88%, 5/01/19 (e)			450		469,125
Hilcorp Energy I LP/Hilcorp Finance Co., 5.00%, 12/01/24 (b)(e)			520		481,000
Kinder Morgan Energy Partners LP (e):
	4.15%, 2/01/24		640		643,515
	4.25%, 9/01/24		1,035		1,044,767


Corporate Bonds			Par (000)		Value
Oil, Gas & Consumable Fuels (continued)
Kinder Morgan Finance Co. LLC, 6.00%, 1/15/18 (b)(e)		USD	1,285	$	1,426,350
Kinder Morgan, Inc.:
	3.05%, 12/01/19 (e)		630		633,393
	5.00%, 2/15/21 (b)		302		322,385
	5.63%, 11/15/23 (b)		306		335,453
Laredo Petroleum, Inc., 7.38%, 5/01/22			132		133,320
Linn Energy LLC/Linn Energy Finance Corp.:
	8.63%, 4/15/20 (e)		1,083		980,115
	7.75%, 2/01/21		215		191,350
Memorial Production Partners LP/Memorial Production Finance Corp., 7.63%, 5/01/21			344		309,600
NGPL PipeCo LLC, 9.63%, 6/01/19 (b)			353		378,592
Oasis Petroleum, Inc.:
	7.25%, 2/01/19		380		357,200
	6.50%, 11/01/21		410		396,675
Range Resources Corp., 5.75%, 6/01/21			161		169,050
RKI Exploration & Production LLC/RKI Finance Corp., 8.50%, 8/01/21 (b)			97		92,150
Rose Rock Midstream LP/Rose Rock Finance Corp., 5.63%, 7/15/22			376		366,600
Rosetta Resources, Inc., 5.63%, 5/01/21			379		361,945
RSP Permian, Inc., 6.63%, 10/01/22 (b)			359		349,128
Sabine Pass Liquefaction LLC:
	5.63%, 4/15/23		536		546,720
	5.75%, 5/15/24 (e)		456		461,130
Sabine Pass LNG LP, 7.50%, 11/30/16 (e)			3,110		3,304,375
Sanchez Energy Corp., 6.13%, 1/15/23 (b)			681		612,900
SandRidge Energy, Inc.:
	8.75%, 1/15/20		79		65,570
	7.50%, 2/15/23 (e)		921		709,170
Seventy Seven Energy, Inc., 6.50%, 7/15/22 (b)			258		197,370
Southern Star Central Corp., 5.13%, 7/15/22 (b)(e)			935		935,000
Summit Midstream Holdings LLC/Summit Midstream Finance Corp., 7.50%, 7/01/21			636		686,880
Tesoro Logistics LP/Tesoro Logistics Finance Corp.:
	5.88%, 10/01/20 (e)		138		140,070
	6.25%, 10/15/22 (b)		677		690,540

BLACKROCK LIMITED DURATION INCOME TRUST

NOVEMBER 30, 2014

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


Corporate Bonds			Par (000)		Value

Oil, Gas & Consumable Fuels (concluded)
Ultra Petroleum Corp., 5.75%, 12/15/18 (b)		USD	425	$	412,781
Whiting Petroleum Corp., 5.00%, 3/15/19 (e)			1,426		1,386,785

					28,094,140

Paper & Forest Products — 0.0%
NewPage Corp., 11.38%, 12/31/14 (a)(j)			3,177		—

Pharmaceuticals — 1.1%
Capsugel SA, 7.00% (7.00% Cash or 7.75% PIK), 5/15/19 (b)(f)			156		157,950
Endo Finance LLC/Endo Finco, Inc. (b):
	7.00%, 12/15/20		135		141,413
	7.25%, 1/15/22		121		129,470
Grifols Worldwide Operations Ltd., 5.25%, 4/01/22 (b)			759		781,770
Mallinckrodt International Finance SA, 5.75%, 8/01/22 (b)(e)			830		848,675
Valeant Pharmaceuticals International, Inc. (b):
	6.75%, 8/15/18 (e)		2,214		2,366,212
	6.88%, 12/01/18 (e)		1,210		1,253,862
	6.38%, 10/15/20 (e)		613		635,994
	7.50%, 7/15/21		335		361,800
	5.63%, 12/01/21		520		525,200

					7,202,346

Professional Services — 0.1%
Truven Health Analytics, Inc., 10.63%, 6/01/20 (e)			540		550,800

Real Estate Investment Trusts (REITs) — 0.5%
Felcor Lodging LP, 6.75%, 6/01/19 (e)			820		852,800
iStar Financial, Inc.:
	4.00%, 11/01/17		435		428,475
	5.00%, 7/01/19		305		298,900
Rayonier AM Products, Inc., 5.50%, 6/01/24 (b)			64		59,520
Ventas Realty LP/Ventas Capital Corp., 4.75%, 6/01/21 (e)			1,300		1,418,373

					3,058,068

Real Estate Management & Development — 0.9%
Grand City Properties SA, Series D, 2.00%, 10/29/21		EUR	100		122,976
Realogy Corp. (b):
	7.63%, 1/15/20 (e)	USD	1,837		1,993,145
	9.00%, 1/15/20		301		331,853


Corporate Bonds			Par (000)		Value

Real Estate Management & Development (concluded)
Realogy Group LLC/Realogy Co-Issuer Corp., 4.50%, 4/15/19 (b)		USD	759	$	757,102
Rialto Holdings LLC/Rialto Corp., 7.00%, 12/01/18 (b)			220		224,950
Shea Homes LP/Shea Homes Funding Corp., 8.63%, 5/15/19 (e)			2,110		2,236,600

					5,666,626

Road & Rail — 1.1%
Asciano Finance Ltd., 3.13%, 9/23/15 (b)(e)			3,400		3,450,096
EC Finance PLC, 5.13%, 7/15/21		EUR	180		230,527
Florida East Coast Holdings Corp., 6.75%, 5/01/19 (b)(e)		USD	1,170		1,196,325
The Hertz Corp.:
	7.50%, 10/15/18		540		560,250
	6.75%, 4/15/19		405		418,162
	5.88%, 10/15/20		435		439,350
	7.38%, 1/15/21 (e)		675		712,125
Watco Cos. LLC/Watco Finance Corp., 6.38%, 4/01/23 (b)			319		324,582

					7,331,417

Semiconductors & Semiconductor Equipment — 0.2%
Micron Technology, Inc., 5.50%, 2/01/25 (b)(e)			840		844,200
NXP BV/NXP Funding LLC, 5.75%, 2/15/21 (b)(e)			560		592,200
Sensata Technologies BV, 5.63%, 11/01/24 (b)			179		189,964

					1,626,364

Software — 0.7%
Infor Software Parent LLC/Infor Software Parent, Inc., 7.13% (7.13% Cash or 7.88% PIK), 5/01/21 (b)(f)			744		742,140
Infor US, Inc., 9.38%, 4/01/19 (e)			2,000		2,163,100
Nuance Communications, Inc., 5.38%, 8/15/20 (b)(e)			1,715		1,727,863

					4,633,103

Specialty Retail — 0.3%
Magnolia BC SA, 9.00%, 8/01/20		EUR	171		204,125
New Look Bondco I PLC, 8.75%, 5/14/18		GBP	100		164,791
Party City Holdings, Inc., 8.88%, 8/01/20		USD	374		402,985
PC Nextco Holdings LLC/PC Nextco Finance, Inc., 8.75%, 8/15/19			252		255,780

BLACKROCK LIMITED DURATION INCOME TRUST

NOVEMBER 30, 2014

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


Corporate Bonds			Par (000)		Value

Specialty Retail (concluded)
Sally Holdings LLC/Sally Capital, Inc., 5.50%, 11/01/23 (e)		USD	508	$	533,400
THOM Europe SAS, 7.38%, 7/15/19		EUR	230		265,259

					1,826,340

Textiles, Apparel & Luxury Goods — 0.2%
Levi Strauss & Co., 6.88%, 5/01/22		USD	380		413,250
Springs Industries, Inc., 6.25%, 6/01/21			645		630,488
The William Carter Co., 5.25%, 8/15/21			346		358,975

					1,402,713

Trading Companies & Distributors — 0.2%
Ashtead Capital, Inc. (b):
	6.50%, 7/15/22 (e)		1,054		1,130,415
	5.63%, 10/01/24		420		443,100

					1,573,515

Transportation Infrastructure — 1.9%
Aguila 3 SA, 7.88%, 1/31/18 (b)(e)			686		672,280
Federal Express Corp. 2012 Pass-Through Trust, 2.63%, 1/15/18 (b)(e)			917		929,412
JCH Parent, Inc., 10.50% (10.50% Cash or 11.25% PIK), 3/15/19 (b)(f)			878		829,710
Penske Truck Leasing Co. LP/PTL Finance Corp. (b)(e):
	3.13%, 5/11/15		3,372		3,407,565
	3.38%, 3/15/18		6,155		6,441,275

					12,280,242

Wireless Telecommunication Services — 2.0%
Digicel Ltd., 6.00%, 4/15/21 (b)(e)			2,073		2,031,540
The Geo Group, Inc., 5.88%, 1/15/22			340		351,050
SBA Communications Corp., 4.88%, 7/15/22 (b)			815		792,587
Sprint Communications, Inc. (b)(e):
	9.00%, 11/15/18		2,020		2,338,150
	7.00%, 3/01/20		1,141		1,255,813
Sprint Corp. (e):
	7.88%, 9/15/23		1,735		1,817,412
	7.13%, 6/15/24		590		583,362
T-Mobile USA, Inc.:
	6.63%, 4/28/21		263		270,890
	6.13%, 1/15/22		75		76,313
	6.73%, 4/28/22		173		179,055
	6.00%, 3/01/23		478		485,170
	6.50%, 1/15/24		535		547,038


Corporate Bonds			Par (000)		Value

Wireless Telecommunication Services (concluded)
T-Mobile USA, Inc. (concluded):
	6.38%, 3/01/25 (e)	USD	1,520	$	1,542,800
Wind Acquisition Finance SA, 4.00%, 7/15/20		EUR	695		863,747

					13,134,927

Total Corporate Bonds — 57.3%					375,290,222



Floating Rate Loan Interests (c)

Aerospace & Defense — 0.9%
BE Aerospace, Inc., 2014 Term Loan B, 4.25%, 11/19/21 (d)		USD	910		910,946
DigitalGlobe, Inc., Term Loan B, 3.75%, 1/31/20			1,280		1,274,494
TASC, Inc., 2nd Lien Term Loan, 12.00%, 5/30/21			1,375		1,393,329
Transdigm, Inc.:
	Term Loan C, 3.75%, 2/28/20		648		642,050
	Term Loan D, 3.75%, 6/04/21		299		296,305
TransUnion LLC, Term Loan, 4.00%, 4/09/21			1,572		1,557,857

					6,074,981

Air Freight & Logistics — 0.4%
CEVA Group PLC, Synthetic LC, 6.50%, 3/19/21			678		640,703
CEVA Intercompany BV, Synthetic LC, 6.50%, 3/19/21			712		672,273
CEVA Logistics Canada ULC, Canadian Term Loan, 6.50%, 3/19/21			123		115,909
CEVA Logistics U.S. Holdings, Inc., Term Loan, 6.50%, 3/19/21			981		927,273

					2,356,158

Airlines — 0.1%
Northwest Airlines, Inc.:
	2.18%, 3/10/17		376		364,358
	1.56%, 9/10/18		552		525,090
US Airways Group, Inc., Term Loan B1, 3.50%, 5/23/19			7		6,677

					896,125

Auto Components — 1.9%
Affinia Group Intermediate Holdings, Inc., Term Loan B2, 4.75%, 4/27/20			741		741,850
Autoparts Holdings Ltd.:
	1st Lien Term Loan, 6.50%, 7/29/17		960		960,252

BLACKROCK LIMITED DURATION INCOME TRUST

NOVEMBER 30, 2014

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


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

Auto Components (concluded)
Autoparts Holdings Ltd. (concluded):
	2nd Lien Term Loan, 10.50%, 1/29/18	USD	1,250	$	1,219,787
Dayco Products LLC, Term Loan B, 5.25%, 12/12/19			854		850,025
Gates Global, Inc., Term Loan B, 4.25%, 7/05/21			3,340		3,305,364
Goodyear Tire & Rubber Co., 2nd Lien Term Loan, 4.75%, 4/30/19			2,985		2,993,388
INA Beteiligungsgesellschaft mbH, Term Loan B, 4.25%, 5/15/20			975		975,946
Transtar Holding Co., 1st Lien Term Loan, 5.75%, 10/09/18			1,248		1,235,946

					12,282,558

Banks — 0.1%
Redtop Acquisitions Ltd.:
	1st Lien Term Loan, 4.50%, 12/03/20		417		417,892
	2nd Lien Term Loan, 8.25%, 6/03/21		352		352,778

					770,670

Beverages — 0.0%
Le-Nature's, Inc., Tranche B Term Loan, 10.25%, 3/01/11 (a)(j)			1,000		—

Building Products — 1.1%
Continental Building Products LLC, 1st Lien Term Loan, 4.00%, 8/28/20			831		817,333
CPG International, Inc., Term Loan, 4.75%, 9/30/20			1,635		1,630,756
GYP Holdings III Corp., 1st Lien Term Loan, 4.75%, 4/01/21			940		924,413
Jeld-Wen, Inc., Term Loan B, 5.25%, 10/15/21			1,025		1,021,802
Ply Gem Industries, Inc., Term Loan, 4.00%, 2/01/21			1,144		1,128,997
United Subcontractors, Inc., Term Loan, 4.24%, 6/30/15			172		162,963
Wilsonart LLC:
	Incremental Term Loan B2, 4.00%, 10/31/19		764		751,333


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

Building Products (concluded)
Wilsonart LLC (concluded):
	Term Loan B, 4.00%, 10/31/19	USD	806	$	792,059

					7,229,656

Capital Markets — 0.3%
Affinion Group, Inc.:
	2nd Lien Term Loan, 8.50%, 10/12/18		633		584,517
	Term Loan B, 6.75%, 4/30/18		523		500,386
American Capital Holdings, Inc., 2017 Term Loan, 3.50%, 8/22/17			576		570,913

					1,655,816

Chemicals — 1.4%
Evergreen Acqco 1 LP, Term Loan, 5.00%, 7/09/19			767		764,737
INEOS US Finance LLC, 6 Year Term Loan, 3.75%, 5/04/18			660		652,401
MacDermid, Inc., 1st Lien Term Loan, 4.00%, 6/07/20			662		651,535
Minerals Technologies, Inc., Term Loan B, 4.00%, 5/09/21			1,271		1,269,138
Nexeo Solutions LLC, Term Loan B, 5.00%, 9/08/17			1,255		1,244,050
OXEA Finance LLC:
	2nd Lien Term Loan, 8.25%, 7/15/20		705		683,850
	Term Loan B2, 4.25%, 1/15/20		673		658,895
Royal Adhesives and Sealants LLC, 1st Lien Term Loan, 5.50%, 7/31/18			771		771,925
Solenis International LP:
	1st Lien Term Loan, 4.25%, 7/31/21		520		512,528
	2nd Lien Term Loan, 7.75%, 7/31/22		1,050		1,028,674
Tata Chemicals North America, Inc., Term Loan B, 3.75%, 8/07/20			657		646,837

					8,884,570

Commercial Services & Supplies — 1.5%
ADS Waste Holdings, Inc., Term Loan, 3.75%, 10/09/19			1,010		990,742
Brand Energy & Infrastructure Services, Inc., Term Loan B, 4.75%, 11/26/20			1,563		1,553,090
Catalent Pharma Solutions, Inc., Term Loan:
	6.50%, 12/29/17		54		54,423

BLACKROCK LIMITED DURATION INCOME TRUST

NOVEMBER 30, 2014

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


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

Commercial Services & Supplies (concluded)
Catalent Pharma Solutions, Inc., Term Loan (concluded):
	B, 4.25%, 5/20/21 (d)	USD	1,353	$	1,354,561
Connolly Corp.:
	1st Lien Term Loan, 5.00%, 5/14/21		1,172		1,174,629
	2nd Lien Term Loan, 8.00%, 5/14/22		1,000		998,750
Koosharem LLC, Exit Term Loan, 7.50%, 5/15/20			1,870		1,856,285
Livingston International, Inc., 1st Lien Term Loan, 5.00%, 4/18/19			337		325,443
Spin Holdco, Inc., Term Loan B, 4.25%, 11/14/19			1,773		1,760,905

					10,068,828

Communications Equipment — 1.7%
Amaya Holdings BV:
	1st Lien Term Loan, 5.00%, 8/01/21		975		973,479
	2nd Lien Term Loan, 8.00%, 8/01/22		3,960		4,029,300
Applied Systems, Inc.:
	1st Lien Term Loan, 4.25%, 1/25/21		328		325,723
	2nd Lien Term Loan, 7.50%, 1/23/22		265		264,669
Avaya, Inc., Extended Term Loan B3, 4.65%, 10/26/17			758		735,875
CommScope, Inc., Term Loan B3, 2.83%, 1/21/17			433		430,959
Telesat Canada, Term Loan A, 4.37%, 3/24/17		CAD	1,606		1,400,622
Zayo Group LLC/Zayo Capital, Inc., Term Loan B, 4.00%, 7/02/19		USD	2,745		2,737,894

					10,898,521

Construction & Engineering — 0.1%
Centaur Acquisition LLC, 2nd Lien Term Loan, 8.75%, 2/20/20			710		720,650

Construction Materials — 0.4%
Filtration Group Corp., 1st Lien Term Loan, 4.50%, 11/21/20			501		500,742
HD Supply, Inc., Term Loan B, 4.00%, 6/28/18			1,864		1,856,859

					2,357,601

Containers & Packaging — 0.2%
Ardagh Holdings USA, Inc., Incremental Term Loan, 4.00%, 12/17/19			383		381,478


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

Containers & Packaging (concluded)
Berry Plastics Holding Corp., Term Loan E, 3.75%, 1/06/21		USD	904	$	891,253

					1,272,731

Distributors — 0.3%
ABC Supply Co., Inc., Term Loan, 3.50%, 4/16/20			2,084		2,043,584
American Tire Distributors Holdings, Inc., Term Loan B, 5.75%, 6/01/18			199		199,249

					2,242,833

Diversified Consumer Services — 0.6%
Allied Security Holdings LLC, 1st Lien Term Loan, 4.25%, 2/12/21			515		511,441
Garda World Securities Corp.:
	Delayed Draw Term Loan, 4.00%, 11/06/20		76		74,648
	Term Loan B, 4.00%, 11/06/20		296		291,804
ROC Finance LLC, Term Loan, 5.00%, 6/20/19			624		595,440
ServiceMaster Company, 2014 Term Loan B, 4.25%, 7/01/21			1,090		1,082,642
Weight Watchers International, Inc., Term Loan B2, 4.00%, 4/02/20			1,652		1,283,829

					3,839,804

Diversified Financial Services — 0.5%
Reynolds Group Holdings, Inc., Dollar Term Loan, 4.00%, 12/01/18			1,506		1,499,903
RPI Finance Trust, Term Loan B3, 3.25%, 11/09/18			446		444,099
SAM Finance Luxembourg Sarl, Term Loan, 4.25%, 12/17/20			1,117		1,120,750

					3,064,752

Diversified Telecommunication Services — 1.9%
Consolidated Communications, Inc., Term Loan B, 4.25%, 12/23/20			2,221		2,225,922
Hawaiian Telcom Communications, Inc., Term Loan B, 5.00%, 6/06/19			1,720		1,720,609
Integra Telecom, Inc. :
	2nd Lien Term Loan, 9.75%, 2/21/20		1,270		1,259,688
	Term Loan B, 5.25%, 2/22/19		1,157		1,148,336

BLACKROCK LIMITED DURATION INCOME TRUST

NOVEMBER 30, 2014

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


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

Diversified Telecommunication Services (concluded)
Level 3 Financing, Inc.:
	2019 Term Loan, 4.00%, 8/01/19	USD	659	$	657,071
	2020 Term Loan B, 4.00%, 1/15/20		4,240		4,233,640
	Incremental Term Loan B5, 4.50%, 1/31/22		1,320		1,323,709

					12,568,975

Electric Utilities — 0.3%
American Energy - Utica LLC:
	2nd Lien Delayed Draw Term Loan, 11.00%, 9/30/18		496		481,199
	Incremental 2nd Lien Term Loan, 11.00%, 9/30/18		496		481,274
Energy Future Intermediate Holding Co LLC, DIP Term Loan, 4.25%, 6/19/16			830		830,523

					1,792,996

Electrical Equipment — 1.0%
Texas Competitive Electric Holdings Co. LLC:
	DIP Term Loan, 3.75%, 5/05/16		866		871,164
	Extended Term Loan, 4.65%, 10/10/17 (a)(j)		7,640		5,532,888

					6,404,052

Electronic Equipment, Instruments & Components — 0.1%
CDW LLC, Term Loan, 3.25%, 4/29/20			837		825,348

Energy Equipment & Services — 0.2%
Dynegy Holdings, Inc., Term Loan B2, 4.00%, 4/23/20			1,096		1,091,839

Food & Staples Retailing — 0.3%
New Albertson's, Inc., Term Loan, 4.75%, 6/27/21			630		626,850
Rite Aid Corp., 2nd Lien Term Loan, 5.75%, 8/21/20			240		241,999
Supervalu, Inc., Refinancing Term Loan B, 4.50%, 3/21/19			902		897,431

					1,766,280

Food Products — 1.4%
Del Monte Foods, Inc., 1st Lien Term Loan, 4.25%, 2/18/21			640		593,431
Diamond Foods, Inc., Term Loan, 4.25%, 8/20/18			1,499		1,487,435
Dole Food Co., Inc., Term Loan B, 4.50%, 11/01/18			1,043		1,037,859


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

Food Products (concluded)
Hearthside Group Holdings LLC, Term Loan, 4.50%, 6/02/21		USD	673	$	673,312
Pabst Brewing Company, Inc., Term Loan, 5.75%, 10/21/21 (d)			884		884,301
Performance Food Group Co., 2nd Lien Term Loan, 6.25%, 11/14/19			1,037		1,031,048
Pinnacle Foods Finance LLC, Term Loan G, 3.00%, 4/29/20			1,038		1,022,516
Reddy Ice Corp.:
	1st Lien Term Loan, 6.75%, 5/01/19		1,468		1,320,885
	2nd Lien Term Loan, 10.75%, 11/01/19		1,380		1,159,200

					9,209,987

Health Care Equipment & Supplies — 1.8%
Arysta LifeScience SPC LLC, 1st Lien Term Loan, 4.50%, 5/29/20			999		995,163
Biomet, Inc., Term Loan B2, 3.66%, 7/25/17			1,157		1,154,992
Capsugel Holdings US, Inc., Term Loan B, 3.50%, 8/01/18			511		505,321
DJO Finance LLC, 2017 Term Loan, 4.25%, 9/15/17			1,692		1,688,818
The Hologic, Inc., Term Loan B, 3.25%, 8/01/19			1,304		1,299,108
Immucor, Inc., Refinancing Term Loan B2, 5.00%, 8/17/18			632		631,915
Millennium Laboratories, Inc., Term Loan B, 5.25%, 4/16/21			1,820		1,826,135
National Vision, Inc.:
	1st Lien Term Loan, 4.00%, 3/12/21		1,248		1,221,145
	2nd Lien Term Loan, 6.75%, 3/11/22		340		315,350
Ortho-Clinical Diagnostics, Inc., Term Loan B, 4.75%, 6/30/21			1,995		1,975,050

					11,612,997

Health Care Providers & Services — 2.4%
Amedisys, Inc., 2nd Lien Term Loan, 8.50%, 6/25/20			1,360		1,326,000
Amsurg Corp., 1st Lien Term Loan B, 3.75%, 7/16/21			459		457,212
Ardent Medical Services, Inc., Term Loan, 6.75%, 7/02/18			438		441,785
CareCore National LLC, Term Loan B, 5.50%, 3/05/21 (d)			700		701,316

BLACKROCK LIMITED DURATION INCOME TRUST

NOVEMBER 30, 2014

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


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

Health Care Providers & Services (concluded)
CHS/Community Health Systems, Inc., Term Loan D, 4.25%, 1/27/21		USD	3,975	$	3,981,163
ConvaTec, Inc., Term Loan, 4.00%, 12/22/16			1,169		1,167,082
DaVita HealthCare Partners, Inc., Term Loan B, 3.50%, 6/24/21			2,838		2,825,486
Envision Acquisition Co. LLC, Term Loan, 5.75%, 11/04/20			896		895,950
Genesis HealthCare Corp., Term Loan B, 10.00%, 9/25/17			1,000		1,044,871
Ikaria, Inc.:
	1st Lien Term Loan, 5.00%, 2/12/21		174		174,861
	2nd Lien Term Loan, 8.75%, 2/14/22		270		271,350
inVentiv Health, Inc., Incremental Term Loan B3, 7.75%, 5/15/18			231		229,250
MPH Acquisition Holdings LLC, Term Loan, 3.75%, 3/31/21			742		729,630
National Mentor Holdings, Inc., Term Loan B, 4.75%, 1/31/21			577		574,526
Surgery Center Holdings, Inc., 1st Lien Term Loan, 5.25%, 11/03/20			405		404,894
Surgical Care Affiliates, Inc., Class C Incremental Term Loan, 4.00%, 6/29/18			593		589,538

					15,814,914

Health Care Technology — 0.1%
IMS Health, Inc., Term Loan, 3.50%, 3/17/21			627		619,278

Hotels, Restaurants & Leisure — 4.1%
1011778 B.C. Unlimited Liability Co., 2014 Term Loan B, 4.50%, 10/27/21			1,875		1,879,106
Bronco Midstream Funding LLC, Term Loan B, 5.00%, 8/15/20			1,221		1,215,042
Caesars Entertainment Operating Co., Inc.:
	Extended Term Loan B6, 6.99%, 3/01/17		931		847,598
	Term Loan B7, 9.75%, 1/28/18		1,742		1,603,469
Caesars Entertainment Resort Properties LLC, Term Loan B, 7.00%, 10/11/20			3,106		2,956,729


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

Hotels, Restaurants & Leisure (concluded)
CCM Merger, Inc., Term Loan B, 4.50%, 8/08/21		USD	774	$	773,235
Dave & Buster's, Inc., Term Loan, 4.50%, 7/25/20			235		235,048
Diamond Resorts Corp., Term Loan, 5.50%, 5/09/21			1,820		1,806,784
Four Seasons Holdings, Inc., 2nd Lien Term Loan, 6.25%, 12/27/20			585		587,925
Great Wolf Resorts, Inc., Term Loan B, 1.00%, 8/06/20 (d)			700		697,375
Hilton Worldwide Finance LLC, Term Loan B2, 3.50%, 10/26/20			1,717		1,701,303
Intrawest ULC, Term Loan, 5.50%, 12/09/20			610		612,298
La Quinta Intermediate Holdings LLC, Term Loan B, 4.00%, 4/14/21			4,698		4,676,764
Las Vegas Sands LLC, Term Loan B, 3.25%, 12/19/20			645		643,648
MGM Resorts International, Term Loan B, 3.50%, 12/20/19			1,067		1,050,355
Pinnacle Entertainment, Inc., Term Loan B2, 3.75%, 8/13/20			694		687,027
Playa Resorts Holding BV, Term Loan B, 4.00%, 8/06/19			438		432,825
Sabre, Inc.:
	Incremental Term Loan, 4.50%, 2/19/19		396		394,515
	Term Loan B, 4.00%, 2/19/19		560		555,522
Station Casinos LLC, Term Loan B, 4.25%, 3/02/20			2,335		2,316,208
Travelport Finance (Luxembourg) Sarl, 2014 Term Loan B, 6.00%, 9/02/21			1,200		1,203,216

					26,875,992

Household Products — 0.2%
Bass Pro Group LLC, Term Loan, 3.75%, 11/20/19			1,147		1,139,672

Independent Power and Renewable Electricity Producers — 0.3%
Calpine Corp., Term Loan B1, 4.00%, 4/01/18			1,046		1,043,989
Granite Acquisition, Inc. (d):
	Term Loan B, 1.00%, 10/15/21		1,116		1,121,181

BLACKROCK LIMITED DURATION INCOME TRUST

NOVEMBER 30, 2014

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


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

Independent Power and Renewable Electricity Producers (concluded)
Granite Acquisition, Inc. (d) (concluded):
	Term Loan C, 1.00%, 10/15/21	USD	49	$	49,332

					2,214,502

Industrial Conglomerates — 0.3%
Sequa Corp., Term Loan B, 5.25%, 6/19/17			2,343		2,284,242

Insurance — 0.7%
CNO Financial Group, Inc., Term Loan B2, 3.75%, 9/20/18			1,305		1,290,231
Cooper Gay Swett & Crawford of Delaware Holding Corp.:
	1st Lien Term Loan, 5.00%, 4/16/20		1,047		978,711
	2nd Lien Term Loan C, 8.25%, 10/16/20		500		440,000
Sedgwick Claims Management Services, Inc.:
	1st Lien Term Loan, 3.75%, 3/01/21		1,099		1,076,661
	2nd Lien Term Loan, 6.75%, 2/28/22		665		649,485

					4,435,088

Internet Software & Services — 0.5%
Dealertrack Technologies, Inc., Term Loan B, 3.50%, 2/28/21			1,169		1,154,068
Go Daddy Operating Co. LLC, Term Loan B, 4.75%, 5/13/21			803		800,980
Interactive Data Corp., 2014 Term Loan, 4.50%, 5/02/21			1,446		1,452,522

					3,407,570

IT Services — 1.9%
Ceridian LLC, Term Loan B2, 4.50%, 5/09/17			551		546,405
First Data Corp.:
	2018 Extended Term Loan, 3.66%, 3/23/18		7,249		7,154,093
	2018 Term Loan, 3.66%, 9/24/18		1,640		1,617,106
InfoGroup, Inc., Term Loan, 7.50%, 5/26/18			754		698,551
SunGard Availability Services Capital, Inc., Term Loan B, 6.00%, 3/31/19			796		707,445
SunGard Data Systems, Inc.:
	Term Loan C, 3.91%, 2/28/17		705		703,237
	Term Loan E, 4.00%, 3/08/20		379		378,143


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

IT Services (concluded)
Vantiv, LLC, 2014 Term Loan B, 3.75%, 6/13/21		USD	948	$	941,115

					12,746,095

Leisure Products — 0.1%
Bauer Performance Sports Ltd., Term Loan B, 4.00%, 4/15/21			422		418,823

Machinery — 0.8%
Alliance Laundry Systems LLC, Refinancing Term Loan, 4.25%, 12/10/18			1,043		1,037,716
Intelligrated, Inc., 1st Lien Term Loan, 4.50%, 7/30/18			943		934,775
Mueller Water Products, Inc., Term Loan B, 1.00%, 11/19/21 (d)			305		306,144
Navistar International Corp., Term Loan B, 5.75%, 8/17/17			525		529,058
Rexnord LLC, 1st Lien Term Loan B, 4.00%, 8/21/20			1,313		1,303,332
Wabash National Corp., Term Loan B, 4.50%, 5/08/19			820		821,705

					4,932,730

Media — 4.4%
Activision Blizzard, Inc., Term Loan B, 3.25%, 10/12/20			1,090		1,090,160
Advanstar Communications, Inc., 2nd Lien Term Loan, 9.50%, 6/06/20			465		467,325
Cengage Learning Acquisitions, Inc.:
	0.00%, 7/03/15		2,005		—
	7.00%, 3/31/20		2,428		2,427,412
Charter Communications Operating LLC:
	Term Loan E, 3.00%, 7/01/20		1,170		1,153,735
	Term Loan G, 4.25%, 9/12/21		1,435		1,444,299
Clear Channel Communications, Inc.:
	Term Loan B, 3.81%, 1/29/16		153		151,634
	Term Loan D, 6.91%, 1/30/19		4,063		3,817,189
Cumulus Media Holdings, Inc., 2013 Term Loan, 4.25%, 12/23/20			1,315		1,292,397
Getty Images, Inc., Term Loan B, 4.75%, 10/18/19			207		195,926
Hemisphere Media Holdings LLC, Term Loan B, 5.00%, 7/30/20			884		879,972
Intelsat Jackson Holdings SA, Term Loan B2, 3.75%, 6/30/19			2,514		2,498,234

BLACKROCK LIMITED DURATION INCOME TRUST

NOVEMBER 30, 2014

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


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

Media (concluded)
Lions Gate Entertainment Corp., 2nd Lien Term Loan, 5.00%, 7/17/20		USD	395	$	398,456
Media General, Inc. (c):
	Delayed Draw Term Loan B, 4.25%, 7/31/20		680		681,083
	Term Loan B2, 1.00%, 7/31/20 (d)		490		488,775
Numericable U.S. LLC:
	Term Loan B1, 4.50%, 5/21/20		1,106		1,106,237
	Term Loan B2, 4.50%, 5/21/20		957		957,047
Salem Communications Corp., Term Loan B, 4.50%, 3/13/20			966		952,717
Tribune Co., 2013 Term Loan, 4.00%, 12/27/20			1,083		1,078,066
Univision Communications, Inc., Term Loan C4, 4.00%, 3/01/20			2,417		2,392,423
UPC Financing Partnership, Term Loan AG, 3.76%, 3/31/21		EUR	442		549,760
Virgin Media Investment Holdings Ltd.:
	Term Loan B, 3.50%, 6/07/20	USD	410		405,535
	Term Loan E, 4.25%, 6/30/23	GBP	790		1,228,896
WideOpenWest Finance LLC, Term Loan B, 4.75%, 4/01/19		USD	728		726,107
William Morris Endeavor Entertainment LLC:
	1st Lien Term Loan, 5.25%, 5/06/21		543		528,782
	2nd Lien Term Loan, 8.25%, 5/01/22		615		596,550
Ziggo Financing Partnership:
	Term Loan B1, 3.25%, 1/15/22		489		480,515
	Term Loan B2A, 3.50%, 1/15/22		333		327,757
	Term Loan B3, 3.50%, 1/15/22		548		539,042

					28,856,031

Metals & Mining — 0.6%
Ameriforge Group, Inc., 2nd Lien Term Loan, 8.75%, 12/19/20			255		252,292
FMG Resources August 2006 Property Ltd., Term Loan B, 3.75%, 6/30/19			502		470,288
Novelis, Inc., Term Loan, 3.75%, 3/10/17			1,996		1,992,211


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

Metals & Mining (concluded)
Windsor Financing LLC, Term Loan B, 6.25%, 12/05/17		USD	1,502	$	1,509,391

					4,224,182

Multiline Retail — 0.4%
BJ's Wholesale Club, Inc.:
	1st Lien Term Loan, 4.50%, 9/26/19		585		580,989
	2nd Lien Term Loan, 8.50%, 3/26/20		575		575,408
Neiman Marcus Group, Inc., 2020 Term Loan, 4.25%, 10/25/20			1,638		1,627,307

					2,783,704

Oil, Gas & Consumable Fuels — 1.7%
American Energy - Marcellus LLC, 1st Lien Term Loan, 5.25%, 8/04/20			296		280,302
Arch Coal, Inc., Term Loan B, 6.25%, 5/16/18			1,495		1,315,447
Drillships Financing Holding, Inc., Term Loan B1, 6.00%, 3/31/21 (d)			1,757		1,616,413
Drillships Ocean Ventures, Inc., Term Loan B, 5.50%, 7/25/21			171		158,500
EP Energy LLC/Everest Acquisition Finance, Inc., Term Loan B3, 3.50%, 5/24/18			1,127		1,100,968
Fieldwood Energy LLC:
	1st Lien Term Loan, 3.88%, 9/28/18		465		444,880
	2nd Lien Term Loan, 8.38%, 9/30/20		420		380,276
Obsidian Natural Gas Trust, Term Loan, 7.00%, 11/02/15			719		711,770
Offshore Group Investment Ltd., Term Loan B, 5.75%, 3/28/19			112		90,623
Panda Patriot LLC, Term Loan B1, 6.75%, 12/19/20			1,645		1,653,225
Panda Temple II Power LLC, Term Loan B, 7.25%, 4/03/19			900		906,750
Power Buyer LLC, 2nd Lien Term Loan, 8.25%, 11/06/20			275		266,750
Samchully Midstream 3 LLC, Term Loan B, 5.75%, 10/20/21			1,005		987,413
Seventy Seven Operating LLC, Term Loan B, 3.75%, 6/25/21			105		101,015
Southcross Energy Partners LP, 1st Lien Term Loan, 5.25%, 8/04/21			459		459,997

BLACKROCK LIMITED DURATION INCOME TRUST

NOVEMBER 30, 2014

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


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

Oil, Gas & Consumable Fuels (concluded)
Southcross Holdings Borrower LP, Term Loan B, 6.00%, 8/04/21		USD	369	$	360,542
WTG Holdings III Corp., 1st Lien Term Loan, 4.75%, 1/15/21			298		295,889

					11,130,760

Pharmaceuticals — 1.4%
Akorn, Inc., Term Loan B, 4.50%, 4/16/21			1,295		1,296,075
Endo Luxembourg Finance Co. I Sarl, 2014 Term Loan B, 3.25%, 2/28/21			851		838,670
Grifols Worldwide Operations USA, Inc., Term Loan B, 3.16%, 2/27/21			2,094		2,074,180
Mallinckrodt International Finance SA, Term Loan B, 3.50%, 3/19/21			791		783,732
Par Pharmaceutical Cos., Inc., Term Loan B2, 4.00%, 9/30/19			1,646		1,621,767
Pharmaceutical Product Development LLC, Term Loan B, 4.00%, 12/05/18			1,388		1,384,342
Valeant Pharmaceuticals International, Inc., Term Loan B:
	Series C2, 3.50%, 12/11/19		478		474,049
	Series E, 3.50%, 8/05/20		721		715,478

					9,188,293

Professional Services — 0.7%
Advantage Sales & Marketing, Inc.:
	2014 1st Lien Term Loan, 4.25%, 7/23/21		469		465,347
	2014 2nd Lien Term Loan, 7.50%, 7/25/22		605		600,462
	Delayed Draw Term Loan, 4.25%, 7/23/21		16		15,512
Emdeon Business Services LLC, Term Loan B2, 3.75%, 11/02/18			609		605,639
Intertrust Group Holding BV, 2nd Lien Term Loan, 8.00%, 4/16/22			850		838,312
SIRVA Worldwide, Inc., Term Loan, 7.50%, 3/27/19			1,054		1,046,045


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

Professional Services (concluded)
Truven Health Analytics, Inc., Term Loan B, 4.50%, 6/06/19		USD	1,163	$	1,140,092

					4,711,409

Real Estate Management & Development — 0.6%
CityCenter Holdings LLC, Term Loan B, 4.25%, 10/16/20			941		939,442
DTZ US Borrower LLC, 1st Lien Term Loan, 5.50%, 11/04/21 (d)			717		719,932
Delayed Draw Term Loan, 5.50%, 11/04/21			428		429,473
Realogy Corp. :
	Extended Letter of Credit, 4.40%, 10/10/16		47		46,320
	Term Loan B, 3.75%, 3/05/20		2,096		2,086,944

					4,222,111

Road & Rail — 0.2%
Road Infrastructure Investment LLC:
	1st Lien Term Loan, 4.25%, 3/31/21		1,010		975,002
	2nd Lien Term Loan, 7.75%, 9/21/21		675		614,250

					1,589,252

Semiconductors & Semiconductor Equipment — 0.6%
Avago Technologies Cayman Ltd., Term Loan B, 3.75%, 5/06/21			2,673		2,671,964
Freescale Semiconductor, Inc.:
	Term Loan B4, 4.25%, 2/28/20		718		711,282
	Term Loan B5, 5.00%, 1/15/21		376		376,591

					3,759,837

Software — 1.5%
Evertec Group LLC, Term Loan B, 3.50%, 4/17/20			459		450,771
GCA Services Group, Inc.:
	2nd Lien Term Loan, 9.25%, 10/22/20		560		558,600
	Term Loan B, 4.25%, 11/01/19		541		537,139
Infor US, Inc., Term Loan B5, 3.75%, 6/03/20			1,108		1,091,325
IQOR US, Inc., Term Loan B, 6.00%, 4/01/21			610		577,975
Kronos Worldwide, Inc., 2014 Term Loan, 4.75%, 2/18/20			234		233,825
Kronos, Inc., 2nd Lien Term Loan, 9.75%, 4/30/20			1,837		1,891,632

BLACKROCK LIMITED DURATION INCOME TRUST

NOVEMBER 30, 2014

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


Floating Rate Loan Interests (c)			Par (000)		Value
Software (concluded)
Mitchell International, Inc.:
	1st Lien Term Loan, 4.50%, 10/12/20	USD	630	$	628,857
	2nd Lien Term Loan, 8.50%, 10/11/21		1,200		1,198,200
Regit Eins GmbH, 1st Lien Term Loan, 6.00%, 1/08/21			845		825,706
Sophia LP, 2014 Term Loan B, 4.00%, 7/19/18			817		812,572
Tibco Software, Inc., Term Loan B, 1.00%, 11/04/20 (d)			150		146,876
Websense, Inc., 2nd Lien Term Loan, 8.25%, 12/24/20			560		553,000

					9,506,478

Specialty Retail — 0.9%
Academy Ltd., Term Loan, 4.50%, 8/03/18			1,452		1,448,966
Michaels Stores, Inc., Incremental 2014 Term Loan B2, 4.00%, 1/28/20			1,197		1,191,518
Party City Holdings, Inc., Term Loan, 4.00%, 7/27/19			2,431		2,403,834
Petco Animal Supplies, Inc., Term Loan, 4.00%, 11/24/17			891		885,411
Toys 'R' Us-Delaware, Inc.:
	Term Loan B3, 5.25%, 5/25/18		59		44,941
	Term Loan B4, 9.75%, 4/24/20		182		167,866

					6,142,536

Textiles, Apparel & Luxury Goods — 0.6%
Ascend Performance Materials LLC, Term Loan B, 6.75%, 4/10/18			1,243		1,207,385
J. Crew Group, Inc., Term Loan B, 4.00%, 3/05/21			1,036		983,573
Nine West Holdings, Inc.:
	Guarantee Term Loan, 6.25%, 1/08/20		555		508,519
	Term Loan B, 4.75%, 10/08/19		439		421,344
Polymer Group, Inc., 1st Lien Term Loan, 5.25%, 12/19/19			782		782,734

					3,903,555

Thrifts & Mortgage Finance — 0.1%
IG Investment Holdings LLC, 1st Lien Term Loan, 5.25%, 10/31/19			855		851,305


Floating Rate Loan Interests (c)			Par (000)		Value
Wireless Telecommunication Services — 0.2%
LTS Buyer LLC, 1st Lien Term Loan, 4.00%, 4/13/20		USD	1,531	$	1,510,222

Total Floating Rate Loan Interests — 43.8%					287,157,309



Foreign Agency Obligations

Cyprus Government International Bond, 4.63%, 2/03/20		EUR	2,600		3,139,537
Iceland Government International Bond:
	4.88%, 6/16/16	USD	580		606,779
	5.88%, 5/11/22		3,030		3,410,571
Portugal Obrigacoes do Tesouro OT, 4.45%, 6/15/18 (b)		EUR	2,350		3,240,705

Total Foreign Agency Obligations — 1.6%					10,397,592



Non-Agency Mortgage-Backed Securities

Collateralized Mortgage Obligations — 2.5%
Countrywide Alternative Loan Trust, Series 2005-54CB, Class 3A4, 5.50%, 11/25/35		USD	5,016		4,550,652
Countrywide Home Loan Mortgage Pass-Through Trust:
	Series 2005-17, Class 1A6, 5.50%, 9/25/35		1,176		1,148,832
	Series 2006-17, Class A2, 6.00%, 12/25/36		2,642		2,425,674
	Series 2007-HY5, Class 3A1, 4.96%, 9/25/37 (c)		1,772		1,639,128
GSR Mortgage Loan Trust, Series 2005-AR5, Class 2A3, 2.58%, 10/25/35 (c)			1,778		1,589,330
Hilton USA Trust, Series 2013-HLT, Class EFX, 5.61%, 11/05/30 (b)(c)			4,162		4,273,613
Morgan Stanley Reremic Trust, Series 2010-R4, Class 4A, REMIC, 0.46%, 2/26/37 (b)(c)			550		547,908

					16,175,137

Commercial Mortgage-Backed Securities — 8.1%
Banc of America Commercial Mortgage Trust, Series 2007-4, Class A4, 5.95%, 2/10/51 (c)			1,674		1,838,914
Commercial Mortgage Pass-Through Certificates (b):
	Series 2013-LC13, Class D, 5.22%, 8/10/46		3,530		3,541,716
	Series 2014-KYO, Class F, 3.66%, 6/11/27 (c)		1,855		1,846,662

BLACKROCK LIMITED DURATION INCOME TRUST

NOVEMBER 30, 2014

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


Non-Agency Mortgage-Backed Securities			Par (000)		Value
Commercial Mortgage-Backed Securities (continued)
Commercial Mortgage Pass-Through Certificates (b) (concluded):
	Series 2014-PAT, Class E, 3.30%, 8/13/27 (c)	USD	1,000	$	991,285
	Series 2014-PAT, Class F, 2.59%, 8/13/27 (c)		2,000		1,897,734
Commercial Mortgage Trust, Series 2013-LC6:
	Class B, 3.74%, 1/10/46		1,110		1,134,971
	Class D, 4.43%, 1/10/46 (b)(c)		1,330		1,274,499
Credit Suisse Commercial Mortgage Trust, Series 2006-C5, Class AM, 5.34%, 12/15/39			1,850		1,975,425
Credit Suisse Mortgage Capital Certificates (c):
	Series 2007-C2, Class A2, 5.45%, 1/15/49		5		4,989
	Series 2007-C5, Class AAB, 5.62%, 9/15/40		1,044		1,099,160
	Series 2014-SURF, Class E, 3.26%, 2/15/29 (b)		1,000		1,002,410
Greenwich Capital Commercial Funding Corp., Series 2006-GG7, Class AM, 6.01%, 7/10/38 (c)			1,610		1,706,708
GS Mortgage Securities Corp. II, Series 2013-GC10, Class B, 3.68%, 2/10/46 (b)			1,995		2,029,041
GS Mortgage Securities Trust (c):
	Series 2006-GG6, Class AM, 5.62%, 4/10/38		3,680		3,838,737
	Series 2014-GSFL, Class D, 4.05%, 7/15/31 (b)		1,140		1,140,041
JPMBB Commercial Mortgage Securities Trust, Series 2013-C15, Class D, 5.25%, 11/15/45 (b)(c)			1,400		1,410,844
JPMorgan Chase Commercial Mortgage Securities Corp.:
	Series 2004-LN2, Class A2, 5.12%, 7/15/41		204		205,105
	Series 2007-CB18, Class A4, 5.44%, 6/12/47		2,035		2,187,820
	Series 2007-CB19, Class A4, 5.89%, 2/12/49 (c)		2,140		2,323,578
	Series 2012-LC9, Class XA, 2.08%, 12/15/47 (c)		14,781		1,401,832
LB-UBS Commercial Mortgage Trust (c):
	Series 2007-C2, Class AM, 5.49%, 2/15/40		2,500		2,650,413


Non-Agency Mortgage-Backed Securities			Par (000)		Value
Commercial Mortgage-Backed Securities (concluded)
LB-UBS Commercial Mortgage Trust (c) (concluded):
	Series 2007-C6, Class A4, 5.86%, 7/15/40	USD	4,451	$	4,716,269
Merrill Lynch Mortgage Trust, Series 2007-C1, Class A1A, 6.03%, 6/12/50 (c)			1,430		1,532,914
Talisman Finance PLC, Series 6, Class A, 0.26%, 10/22/16 (c)		EUR	1,435		1,744,281
Titan Europe PLC, Series 2007-1X, Class A, 0.81%, 1/20/17 (c)		GBP	2,548		3,781,285
Wachovia Bank Commercial Mortgage Trust, Series 2007-C33, Class A4, 6.14%, 2/15/51 (c)		USD	2,024		2,174,621
WF-RBS Commercial Mortgage Trust:
	Series 2012-C8, Class B, 4.31%, 8/15/45		1,085		1,154,773
	Series 2012-C8, Class C, 5.04%, 8/15/45 (c)		1,395		1,501,111
	Series 2014-C20, Class XA, 1.40%, 5/15/47 (c)		14,908		1,149,867

					53,257,005

Interest Only Commercial Mortgage-Backed Securities — 0.3%
WF-RBS Commercial Mortgage Trust, Series 2012-C9, Class XA, 2.38%, 11/15/45 (b)(c)			16,453		1,874,155

Total Non-Agency Mortgage-Backed Securities — 10.9%					71,306,297



U.S. Government Sponsored Agency Securities

Collateralized Mortgage Obligations — 0.9%
Freddie Mac Mortgage-Backed Securities:
	Series 3986, Class M, REMIC, 4.50%, 9/15/41		2,298		2,499,875
	Series K032, Class A2, 3.31%, 5/25/23 (c)		3,500		3,685,084

					6,184,959

Interest Only Collateralized Mortgage Obligations — 0.8%
Fannie Mae Mortgage-Backed Securities, Series 2012-M9, Class X1, 4.21%, 12/25/17 (c)			19,176		1,879,236
Freddie Mac Mortgage-Backed Securities, Class X1 (c):
	Series K707, 1.69%, 12/25/18		42,477		2,323,811

BLACKROCK LIMITED DURATION INCOME TRUST

NOVEMBER 30, 2014

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


U.S. Government Sponsored Agency Securities			Par (000)		Value
Mortgage-Backed Securities — 3.4%
Freddie Mac Mortgage-Backed Securities, Class X1 (c) (concluded):
	Series K710, 1.91%, 5/25/19	USD	13,214	$	895,671

					5,098,718

Fannie Mae Mortgage-Backed Securities (k):
	3.50%, 8/01/26		7,045		7,495,771
	5.00%, 7/01/20 - 8/01/23		5,080		5,460,341
Freddie Mac Mortgage-Backed Securities, 4.50%, 4/01/25 (e)(k)			8,416		9,034,383

					21,990,495

Total U.S. Government Sponsored Agency Securities — 5.1%					33,274,172



Other Interests (l)			Beneficial Interest (000)

Auto Components — 0.0%
Lear Corp. Escrow			1,000			8,750

Construction Materials — 0.0%
USI Senior Holdings			6			—

Diversified Financial Services — 0.0%
JG Wentworth LLC Preferred Equity, (Acquired 11/18/13, cost $969,589) (a)(m)			14			135,393

Total Other Interests — 0.0%					144,143



Preferred Securities

Capital Trusts			Par (000)

Banks — 0.5%
Wachovia Capital Trust III, 5.57% (c)(e)(n)			3,365		3,255,638

Capital Markets — 0.5%
Credit Suisse Group AG, 6.25% (b)(c)(e)(n)			1,445		1,405,262
The Goldman Sachs Group, Inc., Series L, 5.70% (c)(n)			1,920		1,963,200

					3,368,462

Diversified Financial Services — 4.3%
Bank of America Corp., Series U, 5.20% (c)(e)(n)			1,250		1,146,250


Capital Trusts	Par (000)		Value

Diversified Financial Services (concluded)
Bank of America Corp., Series V, 5.13% (c)(e)(n)	3,470	$	3,357,225
Citigroup, Inc., 5.90% (c)(e)(n)	5,000		4,962,500
Citigroup, Inc., 5.95% (c)(e)(n)	1,370		1,363,150
JPMorgan Chase & Co., Series U, 6.13% (c)(e)(n)	6,690		6,765,262
JPMorgan Chase & Co., Series V, 5.00% (c)(e)(n)	3,000		2,946,000
Macquarie Bank Ltd., 10.25%, 6/20/57 (c)	1,450		1,639,588
Morgan Stanley, Series H, 5.45% (c)(e)(n)	1,426		1,436,695
Societe Generale SA, 6.00% (b)(c)(e)(n)	4,825		4,555,765

			28,172,435

Diversified Telecommunication Services — 0.1%
Telefonica Europe BV, 4.20 (c)(d)(n)	200		250,157

Insurance — 3.4%
The Allstate Corp., 6.13%, 5/15/67 (c)(e)	3,000		3,187,500
AXA SA, 6.46% (b)(c)(e)(n)	1,625		1,690,000
Genworth Holdings, Inc., 6.15%, 11/15/66 (c)	1,850		1,225,625
Hartford Financial Services Group, Inc., 8.13%, 6/15/68 (c)(e)	2,500		2,862,500
Liberty Mutual Group, Inc., 7.00%, 3/07/67 (b)(c)(e)	1,575		1,622,250
Liberty Mutual Group, Inc., 7.80%, 3/07/87 (b)(c)(e)	1,500		1,758,750
Prudential Financial, Inc., 5.63%, 6/15/43 (c)(e)	3,250		3,355,625
Swiss Re Capital I LP, 6.85% (b)(c)(e)(n)	3,000		3,172,500
Voya Financial, Inc., 5.65%, 5/15/53 (c)(e)	3,500		3,491,250

			22,366,000

Total Capital Trusts — 8.8%			57,412,692

Preferred Stocks	Shares

Capital Markets — 0.9%
The Goldman Sachs Group, Inc., Series J, 5.50% (c)(n)	202,526		4,895,053
Orange SA, 4.00% (c)(n)	200,000		255,945
SCE Trust III, 5.75% (c)(n)	21,200		572,400

			5,723,398

Diversified Financial Services — 0.5%
Ally Financial, Inc., Series A, 8.50% (c)(n)	8,657		229,757

BLACKROCK LIMITED DURATION INCOME TRUST

NOVEMBER 30, 2014

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


Preferred Stocks	Shares		Value
Diversified Financial Services (concluded)
Morgan Stanley, 6.88% (c)	120,000	$	3,231,600

			3,461,357

Total Preferred Stocks — 1.4%			9,184,755



Trust Preferred — 0.5%

Diversified Financial Services — 0.5%
GMAC Capital Trust I, Series 2, 8.13% (c)	124,413	$	3,278,248

Total Preferred Securities — 10.7%			69,875,695



Warrants (o)
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			15,078

Total Long-Term Investments (Cost — $943,323,267) — 143.7%			941,345,034


Short-Term Securities		Shares		Value
BlackRock Liquidity Funds, TempFund, Institutional Class, 0.07% (p)(q)		1,519,494	$	1,519,494

Total Short-Term Securities (Cost — $1,519,494) — 0.2%				1,519,494

Options Purchased (Cost — $44,978) — 0.0%				—

Total Investments *(Cost — $945,309,189) — 143.9%**				942,864,528
Liabilities in Excess of Other Assets — (43.9)%				(287,863,457)

Net Assets — 100.0%			$	655,001,071

*	As of November 30, 2014, gross unrealized appreciation and depreciation based on cost for federal income tax purposes were as follows:
Tax cost			$	948,794,314

Gross unrealized appreciation			$	20,500,381
Gross unrealized depreciation				(26,430,167)

Net unrealized appreciation			$	(5,929,786)

Notes to Schedule of Investments
(a)	Non-income producing security.
(b)	Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.
(c)	Variable rate security. Rate shown is as of report date.
(d)	When-issued security. Unsettled when-issued transactions were as follows:


Counterparty	Value		Unrealized Appreciation/ (Depreciation)

Bank of America N.A	$	1,866,845	$	38,845
Barclays Capital, Inc.		1,344,415		(2,776	)
Citigroup Global Markets, Inc.		4,447,046		10,524
Credit Suisse Securities (USA) LLC		3,461,863		3,952
Deutsche Bank Securities, Inc.		1,233,750		—
JPMorgan Chase Bank N.A.		1,057,822		9,871
Jefferies Co.		1,910,000		—
Robert W. Baird & Co., Inc.		49,875		(125	)

BLACKROCK LIMITED DURATION INCOME TRUST

NOVEMBER 30, 2014

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

(e)	All or a portion of security has been pledged as collateral in connection with outstanding reverse repurchase agreements.
(f)	Represents a payment-in-kind security which may pay interest/dividends in additional par/shares and/or in cash. Rates shown are the current rate and possible payment rates.
(g)	Convertible security.
(h)	Zero-coupon bond.
(i)	Represents a step-up bond that pays an initial coupon rate for the first period and then a higher coupon rate for the following periods. Rate shown is as of report date.
(j)	Issuer filed for bankruptcy and/or is in default of principal and/or interest payments.
(k)	Represents or includes a TBA transaction. Unsettled TBA transactions as of November 30, 2014 were as follows:


Counterparty	Value		Unrealized Appreciation/Depreciation

J.P. Morgan Securities LLC	$	7,495,771	$	159,201
J.P. Morgan Securities LLC	$	4,467,747	$	78,699
J.P. Morgan Securities LLC	$	992,594	$	25,482
Wells Fargo Securities LLC	$	9,034,383	$	366,625

(l)	Other interests represent beneficial interests in liquidation trusts and other reorganization or private entities.
(m)	Restricted security as to resale. As of report date, the Fund held restricted securities with a current value of $191,682 and an original cost of $969,589 which was less than 0.05% of its net assets.
(n)	Security is perpetual in nature and has no stated maturity date.
(o)	Warrants entitle the Fund to purchase a predetermined number of shares of common stock and are non-income producing. The purchase price and number of shares are subject to adjustment under certain conditions until the expiration date, if any.
(p)	Investments in issuers considered to be an affiliate of the Fund during the period ended November 30, 2014, 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, 2014		Net Activity	Shares Held at November 30, 2014		Income

BlackRock Liquidity Funds, TempFund, Institutional Class	7,390,390	(5,870,896)		1,519,494	$	803

(q)	Represents the current yield as of report date.

Portfolio Abbreviations

ABS	Asset-Backed Security
ADS	American Depositary Shares
CAD	Canadian Dollar
CLO	Collateralized Loan Obligation
CR	Custodian Receipt
DIP	Debtor-In-Possession
EUR	Euro
GBP	British Pound
MSCI	Morgan Stanley Capital International
OTC	Over-the-Counter
PIK	Payment-In-Kind.
REMIC	Real Estate Mortgage Investment Conduit
SGD	Singapore Dollar
USD	U.S. Dollar
VA	Department of Veterans Affairs

BLACKROCK LIMITED DURATION INCOME TRUST

NOVEMBER 30, 2014

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

•	Reverse repurchase agreements outstanding as of November 30, 2014 were as follows:

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

Barclays Capital, Inc.	0.35%	2/28/2014	Open	$	3,202,000	$	3,210,561
Barclays Capital, Inc.	0.35%	2/28/2014	Open		3,109,000		3,117,312
Barclays Capital, Inc.	0.35%	2/28/2014	Open		1,929,000		1,934,157
Deutsche Bank Securities, Inc.	0.55%	2/28/2014	Open		1,073,000		1,077,508
Deutsche Bank Securities, Inc.	0.55%	2/28/2014	Open		474,000		475,991
Deutsche Bank Securities, Inc.	0.55%	3/10/2014	Open		349,000		350,413
HSBC Securities (USA), Inc.	0.38%	3/10/2014	Open		6,339,571		6,357,305
Deutsche Bank Securities, Inc.	0.55%	4/16/2014	Open		1,000,000		1,003,483
Deutsche Bank Securities, Inc.	0.55%	4/16/2014	Open		2,100,000		2,107,315
Deutsche Bank Securities, Inc.	0.55%	4/16/2014	Open		1,300,000		1,304,528
Deutsche Bank Securities, Inc.	0.55%	4/16/2014	Open		2,000,000		2,006,967
Deutsche Bank Securities, Inc.	0.55%	4/16/2014	Open		1,200,000		1,204,180
Deutsche Bank Securities, Inc.	0.55%	4/16/2014	Open		600,000		602,090
Deutsche Bank Securities, Inc.	0.55%	4/16/2014	Open		100,000		100,348
Deutsche Bank Securities, Inc.	0.58%	4/16/2014	Open		1,500,000		1,505,225
Deutsche Bank Securities, Inc.	0.58%	4/16/2014	Open		500,000		501,837
Deutsche Bank Securities, Inc.	0.58%	4/16/2014	Open		500,000		501,837
Deutsche Bank Securities, Inc.	0.58%	4/16/2014	Open		500,000		501,837
Deutsche Bank Securities, Inc.	0.58%	4/16/2014	Open		500,000		501,837
Deutsche Bank Securities, Inc.	0.58%	4/16/2014	Open		1,600,000		1,605,877
Deutsche Bank Securities, Inc.	0.58%	4/16/2014	Open		1,500,000		1,505,225
Deutsche Bank Securities, Inc.	0.58%	4/16/2014	Open		500,000		501,837
Barclays Capital, Inc.	0.60%	4/17/2014	Open		611,000		613,312
Barclays Capital, Inc.	0.60%	4/17/2014	Open		1,633,000		1,639,178
Barclays Capital, Inc.	0.60%	4/17/2014	Open		278,000		279,052
Barclays Capital, Inc.	0.60%	4/17/2014	Open		960,000		963,632
Barclays Capital, Inc.	0.60%	4/17/2014	Open		502,000		503,899
Deutsche Bank Securities, Inc.	0.55%	4/21/2014	Open		1,539,000		1,544,243
Deutsche Bank Securities, Inc.	0.55%	4/21/2014	Open		899,000		902,063
Deutsche Bank Securities, Inc.	0.55%	4/21/2014	Open		593,000		595,020
Deutsche Bank Securities, Inc.	0.55%	4/21/2014	Open		768,000		770,617
Deutsche Bank Securities, Inc.	0.55%	4/21/2014	Open		2,075,000		2,082,069
Deutsche Bank Securities, Inc.	0.55%	4/21/2014	Open		848,000		850,889
Deutsche Bank Securities, Inc.	0.58%	4/21/2014	Open		200,000		200,719
Deutsche Bank Securities, Inc.	0.58%	4/21/2014	Open		142,000		142,510
Deutsche Bank Securities, Inc.	0.58%	4/21/2014	Open		705,000		707,533
Deutsche Bank Securities, Inc.	0.58%	4/21/2014	Open		467,000		468,678
Deutsche Bank Securities, Inc.	0.58%	4/21/2014	Open		1,180,000		1,184,239
HSBC Securities (USA), Inc.	0.55%	5/9/2014	Open		1,125,643		1,129,169
Deutsche Bank Securities, Inc.	0.55%	5/13/2014	Open		412,000		413,265
Deutsche Bank Securities, Inc.	0.58%	5/13/2014	Open		580,000		581,878
Deutsche Bank Securities, Inc.	0.58%	5/13/2014	Open		2,227,000		2,234,212
Deutsche Bank Securities, Inc.	0.58%	5/13/2014	Open		2,194,000		2,201,105

BLACKROCK LIMITED DURATION INCOME TRUST

NOVEMBER 30, 2014

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

•	Reverse repurchase agreements outstanding as of November 30, 2014 were as follows (continued):

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

Deutsche Bank Securities, Inc.	0.58%	5/13/2014	Open	$	1,370,000	$	1,374,437
Deutsche Bank Securities, Inc.	0.58%	5/13/2014	Open		1,573,000		1,578,094
Deutsche Bank Securities, Inc.	0.58%	5/13/2014	Open		804,000		806,604
Deutsche Bank Securities, Inc.	0.58%	5/13/2014	Open		1,178,000		1,181,815
Deutsche Bank Securities, Inc.	0.58%	5/13/2014	Open		627,000		629,030
Deutsche Bank Securities, Inc.	0.59%	5/13/2014	Open		810,000		812,668
Deutsche Bank Securities, Inc.	0.59%	5/13/2014	Open		827,000		829,724
Deutsche Bank Securities, Inc.	0.59%	5/13/2014	Open		841,000		843,770
Deutsche Bank Securities, Inc.	0.60%	5/13/2014	Open		933,000		936,126
Deutsche Bank Securities, Inc.	0.60%	5/13/2014	Open		1,049,000		1,052,514
UBS Securities LLC	-0.50%	5/13/2014	Open		980,000		977,264
UBS Securities LLC	0.34%	5/13/2014	Open		3,277,000		3,283,221
UBS Securities LLC	0.35%	5/13/2014	Open		1,693,000		1,696,308
UBS Securities LLC	0.45%	5/13/2014	Open		811,000		813,038
UBS Securities LLC	0.55%	5/13/2014	Open		2,171,000		2,177,667
UBS Securities LLC	0.55%	5/13/2014	Open		2,326,000		2,333,143
UBS Securities LLC	0.55%	5/13/2014	Open		788,000		790,420
UBS Securities LLC	0.60%	5/13/2014	Open		2,880,000		2,889,648
Barclays Capital, Inc.	0.40%	5/14/2014	Open		3,311,000		3,318,358
Barclays Capital, Inc.	0.60%	5/14/2014	Open		317,000		318,057
Deutsche Bank Securities, Inc.	0.40%	5/23/2014	Open		3,352,000		3,359,114
Deutsche Bank Securities, Inc.	0.60%	5/27/2014	Open		700,000		702,182
Barclays Capital, Inc.	0.60%	5/28/2014	Open		1,244,000		1,247,856
Deutsche Bank Securities, Inc.	0.55%	6/2/2014	Open		1,985,000		1,990,489
Deutsche Bank Securities, Inc.	0.58%	6/5/2014	Open		659,000		660,890
Deutsche Bank Securities, Inc.	0.58%	6/5/2014	Open		748,000		750,145
Deutsche Bank Securities, Inc.	0.58%	6/5/2014	Open		1,319,000		1,322,783
Deutsche Bank Securities, Inc.	0.58%	6/5/2014	Open		553,000		554,586
Deutsche Bank Securities, Inc.	0.55%	6/9/2014	Open		1,643,000		1,647,368
Deutsche Bank Securities, Inc.	0.55%	6/9/2014	Open		1,773,000		1,777,713
Deutsche Bank Securities, Inc.	0.55%	6/9/2014	Open		487,000		488,295
Deutsche Bank Securities, Inc.	0.55%	6/9/2014	Open		1,451,000		1,454,857
Deutsche Bank Securities, Inc.	0.58%	6/11/2014	Open		1,502,000		1,506,162
Deutsche Bank Securities, Inc.	0.58%	6/11/2014	Open		1,305,000		1,308,616
Deutsche Bank Securities, Inc.	0.58%	6/11/2014	Open		1,341,000		1,344,716
Deutsche Bank Securities, Inc.	0.58%	6/11/2014	Open		1,106,000		1,109,065
Deutsche Bank Securities, Inc.	0.58%	6/11/2014	Open		1,610,000		1,614,461
Deutsche Bank Securities, Inc.	0.58%	6/11/2014	Open		1,569,000		1,573,348
Deutsche Bank Securities, Inc.	0.58%	6/11/2014	Open		1,017,000		1,019,818
Deutsche Bank Securities, Inc.	0.58%	6/11/2014	Open		1,089,000		1,092,018
Deutsche Bank Securities, Inc.	0.58%	6/11/2014	Open		1,146,000		1,149,176
Deutsche Bank Securities, Inc.	0.58%	6/11/2014	Open		984,000		986,727
Barclays Capital, Inc.	(1.75)%	6/25/2014	Open		518,870		514,885
Deutsche Bank Securities, Inc.	0.55%	6/27/2014	Open		754,000		755,797
Barclays Capital, Inc.	0.60%	7/2/2014	Open		1,288,000		1,291,241
Deutsche Bank Securities, Inc.	0.58%	7/7/2014	Open		776,728		778,555
Deutsche Bank Securities, Inc.	0.58%	7/9/2014	Open		843,000		844,956
Deutsche Bank Securities, Inc.	0.58%	7/9/2014	Open		992,307		994,609
Deutsche Bank Securities, Inc.	0.58%	7/9/2014	Open		843,000		844,956
Deutsche Bank Securities, Inc.	0.59%	7/11/2014	Open		468,000		469,089

BLACKROCK LIMITED DURATION INCOME TRUST

NOVEMBER 30, 2014

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

•	Reverse repurchase agreements outstanding as of November 30, 2014 were as follows (continued):


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

Deutsche Bank Securities, Inc.	0.59%	7/11/2014	Open	$	892,925	$	895,003
UBS Securities LLC	0.65%	7/11/2014	Open		411,750		412,806
Barclays Capital, Inc.	0.60%	7/15/2014	Open		1,208,000		1,210,778
Deutsche Bank Securities, Inc.	0.58%	7/21/2014	Open		1,129,950		1,132,353
Deutsche Bank Securities, Inc.	0.58%	7/21/2014	Open		1,561,875		1,565,197
Deutsche Bank Securities, Inc.	0.58%	7/22/2014	Open		783,929		785,583
HSBC Securities (USA), Inc.	0.55%	7/23/2014	Open		2,410,417		2,415,204
Deutsche Bank Securities, Inc.	0.60%	7/29/2014	Open		1,106,954		1,109,241
Deutsche Bank Securities, Inc.	0.59%	7/30/2014	Open		672,000		673,355
BNP Paribas Securities Corp.	0.59%	8/12/2014	Open		855,000		856,541
BNP Paribas Securities Corp.	0.59%	8/12/2014	Open		643,000		644,159
Barclays Capital, Inc.	0.60%	8/25/2014	Open		494,000		494,799
HSBC Securities (USA), Inc.	0.55%	9/16/2014	Open		1,802,250		1,804,315
HSBC Securities (USA), Inc.	0.55%	9/16/2014	Open		2,380,050		2,382,777
HSBC Securities (USA), Inc.	0.55%	9/16/2014	Open		1,227,506		1,228,913
HSBC Securities (USA), Inc.	0.55%	9/16/2014	Open		3,164,425		3,168,051
HSBC Securities (USA), Inc.	0.55%	9/16/2014	Open		3,386,250		3,390,130
HSBC Securities (USA), Inc.	0.55%	9/16/2014	Open		2,793,750		2,796,951
HSBC Securities (USA), Inc.	0.55%	9/16/2014	Open		2,269,975		2,272,576
HSBC Securities (USA), Inc.	0.55%	9/16/2014	Open		3,108,750		3,112,312
HSBC Securities (USA), Inc.	0.55%	9/16/2014	Open		2,991,199		2,994,627
HSBC Securities (USA), Inc.	0.55%	9/16/2014	Open		2,378,880		2,381,606
HSBC Securities (USA), Inc.	0.60%	9/16/2014	Open		2,669,040		2,672,376
Barclays Capital, Inc.	0.44%	9/17/2014	Open		1,061,000		1,061,960
Barclays Capital, Inc.	0.55%	9/17/2014	Open		1,278,000		1,279,445
Barclays Capital, Inc.	0.60%	9/17/2014	Open		1,239,000		1,240,528
Barclays Capital, Inc.	0.60%	9/17/2014	Open		489,000		489,603
Barclays Capital, Inc.	0.60%	9/17/2014	Open		942,000		943,162
Barclays Capital, Inc.	0.60%	9/17/2014	Open		869,000		870,072
Barclays Capital, Inc.	0.60%	9/17/2014	Open		1,175,000		1,176,449
Barclays Capital, Inc.	0.60%	9/17/2014	Open		941,000		942,161
Barclays Capital, Inc.	0.60%	9/17/2014	Open		657,000		657,810
Barclays Capital, Inc.	0.60%	9/17/2014	Open		833,000		834,027
Barclays Capital, Inc.	0.60%	9/17/2014	Open		658,000		658,812
Barclays Capital, Inc.	0.60%	9/17/2014	Open		877,000		878,082
Barclays Capital, Inc.	0.60%	9/17/2014	Open		716,000		716,883
Barclays Capital, Inc.	0.60%	9/17/2014	Open		629,000		629,776
Barclays Capital, Inc.	0.60%	9/17/2014	Open		1,242,000		1,243,532
RBC Capital Markets LLC	0.65%	9/18/2014	Open		349,800		350,261
RBC Capital Markets LLC	0.65%	9/18/2014	Open		620,940		621,758
RBC Capital Markets LLC	0.34%	9/19/2014	Open		598,400		598,807
RBC Capital Markets LLC	0.34%	9/19/2014	Open		967,725		968,383
RBC Capital Markets LLC	0.65%	9/19/2014	Open		693,000		693,901
RBC Capital Markets LLC	0.65%	9/19/2014	Open		576,850		577,600
RBC Capital Markets LLC	0.65%	9/19/2014	Open		548,250		548,963
Deutsche Bank Securities, Inc.	0.58%	9/22/2014	Open		134,000		134,149
HSBC Securities (USA), Inc.	0.55%	9/22/2014	Open		1,873,585		1,875,560
HSBC Securities (USA), Inc.	0.55%	9/22/2014	Open		1,447,800		1,449,326
HSBC Securities (USA), Inc.	0.55%	9/22/2014	Open		834,063		834,942
HSBC Securities (USA), Inc.	0.55%	9/22/2014	Open		905,450		906,404

BLACKROCK LIMITED DURATION INCOME TRUST

NOVEMBER 30, 2014

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

•	Reverse repurchase agreements outstanding as of November 30, 2014 were as follows (continued):

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

HSBC Securities (USA), Inc.	0.55%	9/22/2014	Open	$	796,800	$	797,640
HSBC Securities (USA), Inc.	0.55%	9/22/2014	Open		820,124		820,988
HSBC Securities (USA), Inc.	0.60%	9/22/2014	Open		1,019,323		1,020,495
HSBC Securities (USA), Inc.	0.60%	9/22/2014	Open		908,040		909,084
HSBC Securities (USA), Inc.	0.60%	9/22/2014	Open		891,053		892,077
HSBC Securities (USA), Inc.	0.60%	9/22/2014	Open		935,588		936,663
HSBC Securities (USA), Inc.	0.60%	9/22/2014	Open		856,069		857,053
HSBC Securities (USA), Inc.	0.65%	9/22/2014	Open		947,420		948,600
HSBC Securities (USA), Inc.	0.65%	9/22/2014	Open		833,565		834,603
UBS Securities LLC	0.48%	9/22/2014	Open		2,610,000		2,612,401
UBS Securities LLC	0.50%	9/22/2014	Open		4,400,000		4,404,217
UBS Securities LLC	0.50%	9/22/2014	Open		3,027,575		3,030,476
UBS Securities LLC	0.50%	9/22/2014	Open		4,071,094		4,074,995
Deutsche Bank Securities, Inc.	0.50%	10/2/2014	Open		1,437,000		1,438,178
Deutsche Bank Securities, Inc.	0.55%	10/2/2014	Open		289,000		289,261
Deutsche Bank Securities, Inc.	0.58%	10/2/2014	Open		361,000		361,343
Deutsche Bank Securities, Inc.	0.58%	10/2/2014	Open		1,227,000		1,228,166
Deutsche Bank Securities, Inc.	0.58%	10/2/2014	Open		943,000		943,896
Deutsche Bank Securities, Inc.	0.58%	10/2/2014	Open		1,047,000		1,047,995
Deutsche Bank Securities, Inc.	0.58%	10/2/2014	Open		1,537,000		1,538,461
Deutsche Bank Securities, Inc.	0.59%	10/2/2014	Open		396,000		396,383
Deutsche Bank Securities, Inc.	0.60%	10/2/2014	Open		1,788,000		1,789,758
Deutsche Bank Securities, Inc.	0.60%	10/2/2014	Open		1,284,000		1,285,263
Deutsche Bank Securities, Inc.	0.60%	10/2/2014	Open		739,000		739,727
Deutsche Bank Securities, Inc.	0.60%	10/2/2014	Open		1,316,000		1,317,294
Deutsche Bank Securities, Inc.	0.60%	10/2/2014	Open		729,000		729,717
Deutsche Bank Securities, Inc.	0.60%	10/2/2014	Open		1,176,000		1,177,156
Deutsche Bank Securities, Inc.	0.60%	10/2/2014	Open		1,019,000		1,020,002
Deutsche Bank Securities, Inc.	0.60%	10/2/2014	Open		831,000		831,817
Deutsche Bank Securities, Inc.	0.58%	10/8/2014	Open		786,956		787,628
Deutsche Bank Securities, Inc.	0.58%	10/14/2014	Open		1,653,643		1,654,895
Deutsche Bank Securities, Inc.	0.58%	10/16/2014	Open		1,090,110		1,090,900
Credit Suisse Securities (USA) LLC	0.35%	10/29/2014	Open		1,334,000		1,334,415
Credit Suisse Securities (USA) LLC	0.35%	10/29/2014	Open		3,203,000		3,203,996
Credit Suisse Securities (USA) LLC	0.35%	10/29/2014	Open		1,425,000		1,425,443
Credit Suisse Securities (USA) LLC	0.35%	10/29/2014	Open		1,202,000		1,202,374
Credit Suisse Securities (USA) LLC	0.35%	10/29/2014	Open		3,038,000		3,038,945
Credit Suisse Securities (USA) LLC	0.35%	10/29/2014	Open		5,986,000		5,987,862
Credit Suisse Securities (USA) LLC	0.40%	10/29/2014	Open		1,426,000		1,426,507
Deutsche Bank Securities, Inc.	0.60%	10/30/2014	Open		617,865		618,184
Deutsche Bank Securities, Inc.	0.59%	11/5/2014	Open		1,381,000		1,381,566
Deutsche Bank Securities, Inc.	0.60%	11/5/2014	Open		1,598,000		1,598,666
BNP Paribas Securities Corp.	0.34%	11/7/2014	Open		7,278,000		7,279,581
Deutsche Bank Securities, Inc.	0.60%	11/12/2014	Open		492,000		492,148
HSBC Securities (USA), Inc.	0.65%	11/12/2014	Open		995,738		996,061
RBC Capital Markets LLC	0.65%	11/17/2014	Open		445,950		446,054
RBC Capital Markets LLC	0.65%	11/17/2014	Open		1,088,583		1,088,839
RBC Capital Markets LLC	0.22%	11/18/2014	12/16/2014		21,190,000		21,193,626
HSBC Securities (USA), Inc.	0.60%	11/19/2014	Open		637,980		638,097
Deutsche Bank Securities, Inc.	0.59%	11/20/2014	Open		418,000		418,069

BLACKROCK LIMITED DURATION INCOME TRUST

NOVEMBER 30, 2014

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

•	Reverse repurchase agreements outstanding as of November 30, 2014 were as follows (concluded):

Counterparty	Interest Rate	Trade Date	Maturity Date¹		Face Value		Face Value Including Accrued Interest
Deutsche Bank Securities, Inc.	0.55%	11/25/2014	Open	$	839,700	$	839,764
HSBC Securities (USA), Inc.	0.35%	11/25/2014	Open		1,557,268.00		1,557,343
HSBC Securities (USA), Inc.	0.55%	11/25/2014	Open		512,775		512,814
HSBC Securities (USA), Inc.	0.55%	11/25/2014	Open		516,313.00		516,352
HSBC Securities (USA), Inc.	0.35%	11/28/2014	Open		603,000		603,012
HSBC Securities (USA), Inc.	0.55%	11/28/2014	Open		943,949.00		943,977
HSBC Securities (USA), Inc.	0.55%	11/28/2014	Open		574,430.00		574,447
Total				$	280,015,768	$	280,488,614

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

•	Financial futures contracts outstanding as of November 30, 2014 were as follows:

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

(159)	10-Year U.S. Treasury Note	Chicago Board of Trade	March 2015	USD	20,200,453	$	(180,162	)
(176)	Long U.S. Treasury Bond	Chicago Board of Trade	March 2015	USD	25,102,000		(253,142	)
53	Ultra Long U.S. Treasury Bond	Chicago Board of Trade	March 2015	USD	8,523,062		62,876

Total						$	(370,428	)

•

Forward foreign currency exchange contracts outstanding as of November 30, 2014 were as follows:

Currency Purchased		Currency Sold		Counterparty	Settlement Date		Unrealized Appreciation/ (Depreciation)

EUR	111,000	USD	138,008	JPMorgan Chase Bank N.A.	12/04/14	$	17
EUR	190,984	USD	237,610	BNP Paribas S.A.	1/21/15		(53)
GBP	903,000	USD	1,414,533	Citibank N.A.	1/21/15		(4,493	)
USD	1,401,347	CAD	1,574,000	Barclays Bank PLC	1/21/15		26,481
USD	20,390,711	EUR	15,982,060	JPMorgan Chase Bank N.A	1/21/15		511,388
USD	4,040,027	EUR	3,260,000	JPMorgan Chase Bank N.A	1/21/15		(14,932	)
USD	34,296,835	GBP	21,510,000	Barclays Bank PLC	1/21/15		708,824
Total						$	1,227,232

•

OTC options purchased as of November 30, 2014 were as follows:

Description

Counterparty

Put/
Call

Strike
Price

Expiration
Date

Contracts

Market
Value

Marsico Parent Superholdco LLC

Goldman Sachs & Co.

Call

USD

942.86

12/14/19

—

BLACKROCK LIMITED DURATION INCOME TRUST

NOVEMBER 30, 2014

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

•	OTC interest rate swaptions purchased as of November 30, 2014 were as follows:

Description

Counterparty

Put/

Call

Exercise
Rate

Pay/Receive

Exercise Rate

Floating

Rate Index

Expiration Date

Notional
Amount
(000)

Market
Value

10-Year Interest Rate Swap

Barclays Capital, Inc.

Call

2.54%

Receive

3-month LIBOR

9/4/24

USD

18,700

431,204

•

OTC interest rate swaptions written as of November 30, 2014 were as follows:

Description

Counterparty

Put/

Call

Exercise
Rate

Pay/Receive

Exercise Rate

Floating

Rate Index

Expiration Date

Notional
Amount
(000)

Market
Value

10-Year Interest Rate Swap

Barclays Capital, Inc.

Put

2.60%

Pay

3-month LIBOR

9/4/24

USD

18,700

(434,685)

•	OTC credit default swaps – buy protection outstanding as of November 30, 2014 were as follows:


Issuer	Pay Fixed Rate	Counterparty/ Clearinghouse		Expiration Date		Notional Amount (000)		Market Value			Premiums Paid (Received)				Unrealized Depreciation

Australia & New Zealand Banking Group Ltd.	1.00%	Deutsche Bank AG	9/20/17		USD		1		$	(10)		$	9	$	(19)
Westpac Banking Corp.	1.00%	Deutsche Bank AG	9/20/17		USD		1			(10)			9		(19)
Total									$	(20)		$	18	$	(38)

•

OTC interest rate swaps outstanding as of November 30, 2014 were as follows:

Fixed
Rate

Floating
Rate

Counterparty

Expiration
Date

Notional
Amount
(000)

Market
Value

Premiums
Received

Unrealized
Depreciation

11.15%¹

1-Day OIS

Deutsche Bank AG

1/04/16

BRL

56,933

(299,012)

(727)

(298,285)

Fund pays the floating rate and receives the fixed rate.

BLACKROCK LIMITED DURATION INCOME TRUST

NOVEMBER 30, 2014

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


•	Fair Value Measurements - Various inputs are used in determining the fair value of investments and derivative financial instruments. These inputs to valuation techniques are categorized into a disclosure hierarchy consisting of three broad levels for financial statement purposes. 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 categorization of a value determined for investments and derivative financial instruments is based on the pricing transparency of the investment and derivative financial instrument and is not necessarily an indication of the risks associated with investing in those securities. The three levels of the fair value hierarchy are as follows:
	•	Level 1 — unadjusted quoted prices in active markets/exchanges for identical assets or liabilities that the Trust has the ability to access

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

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

Changes in valuation techniques may result in transfers into or out of an assigned level within the disclosure hierarchy. In accordance with the Fund's policy, transfers between different levels of the fair value disclosure hierarchy are deemed to have occurred as of the beginning of the reporting period. For information about the Fund's policy regarding valuation of investments, please refer to the Fund's most recent financial statements as contained in its annual report. The following tables summarize the Fund's investments and derivative financial instruments categorized in the disclosure hierarchy as of November 30, 2014:


			Level 1			Level 2			Level 3			Total

Assets:
Investments:
Long-Term Investments:
	Common Stocks	$		2,548,953	$		995,846	$		1,705,455	$	5,250,254
	Asset-Backed Securities			—			75,030,539			13,603,733		88,634,272
	Corporate Bonds			—			366,309,909			8,980,313		375,290,222
	Floating Rate Loan Interests			—			256,278,861			30,448,975		286,727,836
	Foreign Agency Obligations			—			10,397,592			—		10,397,592
	Non-Agency Mortgage-Backed Securities			—			71,306,297			—		71,306,297
	U.S. Government Sponsored Agency Securities			—			33,274,172			—		33,274,172
	Other Interests			135,393			—			8,750		144,143
	Preferred Securities			12,207,058			57,668,637			—		69,875,695
	Warrants			—			—			15,078		15,078
Short-Term Securities				1,519,494			—			—		1,519,494
Unfunded Floating Rate Loan Interests				—			429,473			—		429,473

Total		$		16,410,898	$		871,691,326	$		54,762,304	$	942,864,528

BLACKROCK LIMITED DURATION INCOME TRUST

NOVEMBER 30, 2014

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


		Level 1			Level 2			Level 3			Total

Derivative Financial Instruments¹
Assets:
Foreign currency exchange contracts			—	$		1,246,710			—	$	1,246,710
Interest rate contracts	$		62,876			431,204			—		494,080
Liabilities:
Credit contracts			—			(38	)		—		(38	)
Foreign currency exchange contracts			—			(19,478	)		—		(19,478	)
Interest rate contracts	$		(433,304	)		(732,970	)		—		(1,166,274	)

Total	$		(370,428	)	$	925,428			—	$	555,000

¹	Derivative financial instruments are financial futures 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 November 30, 2014, such assets and/or liabilities are categorized within the disclosure hierarchy as follows:

			Level 1			Level 2			Level 3			Total

Assets:
	Cash pledged as collateral for OTC derivatives	$		100,000			—			—	$	100,000
	Cash pledged as collateral for reverse repurchase agreements			600,000			—			—		600,000
	Cash pledged for financial futures contracts			428,500			—			—		428,500
Liabilities:
	Bank overdraft			—	$		(654,502	)		—		(654,502	)
	Foreign currency at value			—			(215,896	)		—		(215,896	)
	Reverse repurchase agreements			—			(280,488,614	)		—		(280,488,614	)

Total		$		1,128,500	$		(281,359,012	)		—	$	(280,230,512	)

There were no transfers between Level 1 and 2 during the period ended November 30, 2014.

BLACKROCK LIMITED DURATION INCOME TRUST

NOVEMBER 30, 2014

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:

	Common Stocks	Asset-Backed Securities	Corporate Bonds	Floating Rate Loan Interests	Other Interests	Unfunded Floating Rate Loan Interests(Liabilities)	Warrants	Total
Assets:
Opening Balance, as of August 31, 2014	$2,748,166	$14,418,405	$8,907,388	$33,197,391	$8,750	$(175)	—	$59,279,925
Transfers into Level 3¹	—	—	—	10,246,183	—	—	$14,419	10,260,602
Transfers out of Level 3²	—	(10,116,243)	—	(11,748,237)	—	—	—	(21,864,480)
Accrued discounts/premiums	—	(1,032,233)	(215)	20,138	—	—	—	(1,012,310)
Net realized gain	—	9,775	—	3,078	—	—	—	12,853
Net change in unrealized appreciation/depreciation³	(1,042,711)	772,201	(25,770)	(447,741)	—	175	659	(743,187)
Purchases	—	10,397,911	98,910	996,801	—	—	—	11,493,622
Sales	—	(846,083)	—	(1,818,638)	—	—	—	(2,664,721)
Closing Balance, as of November 30, 2014	$1,705,455	$13,603,733	$8,980,313	$30,448,975	$8,750	—	$15,078	$54,762,304
Net change in unrealized appreciation/depreciation on investments still held at November 30, 2014³	$(1,042,711)	$776,900	$(25,770)	$(432,614)	—	—	$659	$(723,536)

As of August 31, 2014, the Fund used observable inputs in determining the value of certain investments. As of November 30, 2014, the Fund used significant unobservable inputs in determining the value of the same investments. As a result, investments with a beginning of period value of $7,300,871 transferred from Level 2 to Level 3 in the disclosure hierarchy.

As of August 31, 2014, the Fund used significant unobservable inputs in determining the value of certain investments. As of November 30, 2014, the Fund used observable inputs in determining the value of the same investments. As a result, investments with a beginning of period value of $21,864,480 transferred from Level 3 to Level 2 in the disclosure hierarchy.

³	Any difference between Net change in unrealized appreciation/depreciation and Net change in unrealized appreciation/depreciation on investments still held at November 30, 2014 is generally due to investments no longer held or categorized as Level 3 at period end.

BLACKROCK LIMITED DURATION INCOME TRUST

NOVEMBER 30, 2014

Item 2 – Controls and Procedures

2(a) –

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

2(b) –

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

Item 3 – Exhibits

Certifications – Attached hereto

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

BlackRock Limited Duration Income Trust

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

Date: January 22, 2015

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

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

Date: January 22, 2015

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

Date: January 22, 2015