BlackRock Limited Duration Income Trust is a diversified, closed-end management investment company designed to provide both current income and capital appreciation. This fund is managed by BlackRock Advisors, LLC and primarily invests in a broad mix of fixed income securities. Its core holdings include intermediate duration, investment grade corporate bonds, mortgage-related and asset-backed securities, as well as U.S. government and agency securities. Additionally, the fund allocates assets to senior, secured floating rate loans made to corporate and other business entities, along with U.S. dollar-denominated securities of both U.S. and non-U.S. issuers rated below investment grade. To a limited extent, it may also hold non-U.S. dollar denominated securities of non-U.S. issuers deemed to be of comparable quality. With a stated objective to maintain a lower average portfolio duration—typically less than five years—the Trust offers investors exposure to diversified credit markets across multiple sectors. Since its inception in 2003, BlackRock Limited Duration Income Trust has played a significant role for investors seeking diversified income with reduced interest rate sensitivity relative to longer duration funds.
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