Schedule of Investments (unaudited) March 31, 2023 BlackRock Credit Allocation Income Trust (BTZ) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Asset-Backed Securities
AGL CLO 12 Ltd.(a)(b)
Series 2021-12A, Class B, (3 mo. LIBOR US + 1.60)%), 6.41%, 07/20/34		USD            890	$	857,748
Series 2021-12A, Class C, (3 mo. LIBOR US + 1.85%), 6.66%, 07/20/34		500		475,981
AGL CLO 5 Ltd., Series 2020-5A, Class A1R, (3 mo. LIBOR US + 1.16%), 5.97%, 07/20/34(a)(b)		1,000		977,017
AIG CLO 2019-2 Ltd., Series 2019-2A, Class AR, (3 mo. LIBOR US + 1.10%), 5.92%, 10/25/33(a)(b)		1,000		980,564
AIG CLO 2021-2 LLC, Series 2021-2A, Class B, (3 mo. LIBOR US + 1.75%), 6.56%, 07/20/34(a)(b)		1,000		968,460
AIG CLO LLC(a)(b)
Series 2018-1A, Class A1R, (3 mo. LIBOR US + 1.12%), 5.93%, 04/20/32		3,500		3,447,769
Series 2021-1A, Class A, (3 mo. LIBOR US + 1.10%), 5.92%, 04/22/34		2,000		1,947,536
AIMCO CLO 14 Ltd., Series 2021-14A, Class A, (3 mo. LIBOR US + 0.99%), 5.80%, 04/20/34(a)(b)		3,000		2,902,670
Allegro CLO II-S Ltd., Series 2014-1RA, Class B, (3 mo. LIBOR US + 2.15%), 6.97%, 10/21/28(a)(b)		500		486,123
Allegro CLO VI Ltd.(a)(b)
Series 2017-2A, Class B, (3 mo. LIBOR US + 1.50%), 6.29%, 01/17/31		360		346,031
Series 2017-2A, Class C, (3 mo. LIBOR US + 1.80%), 6.59%, 01/17/31		2,400		2,298,015
American Airlines, Inc., 5.18%, 08/15/23(c)		520		518,358
Anchorage Capital CLO 3-R Ltd., Series 2014-3RA, Class C, (3 mo. LIBOR US + 1.85%), 6.65%, 01/28/31(a)(b)		1,000		958,288
Anchorage Capital CLO Ltd., Series 2013-1A, Class BR, (3 mo. LIBOR US + 2.15%), 6.97%, 10/13/30(a)(b)		1,000		959,362
Apidos CLO XV, Series 2013-15A, Class DRR, (3 mo. LIBOR US + 2.7%), 7.51%, 04/20/31(a)(b)		1,000		920,307
Apidos CLO XX, Series 2015-20A, Class BRR, (3 mo. LIBOR US + 1.95%), 6.74%, 07/16/31(a)(b)		1,000		969,917
Apidos CLO XXXIII, Series 2020-33A, Class AR, (3 mo. LIBOR US + 1.15%), 5.97%, 10/24/34(a)(b)		2,000		1,953,018
Apidos CLO XXXVII, Series 2021-37A, Class A, (3 mo. LIBOR US + 1.13%), 5.95%, 10/22/34(a)(b)		3,000		2,927,091
Ares XLVII CLO Ltd., Series 2018-47A, Class D, (3 mo. LIBOR US + 2.70%), 7.49%, 04/15/30(a)(b)		1,500		1,336,650
Ares XLVIII CLO Ltd., Series 2018-48A, Class C, (3 mo. LIBOR US + 1.80%), 6.61%, 07/20/30(a)(b)		500		472,964
Ares XXXVII CLO Ltd.(a)(b)
Series 2015-4A, Class A3R, (3 mo. LIBOR US + 1.50%), 6.29%, 10/15/30		1,000		967,906
Series 2015-4A, Class BR, (3 mo. LIBOR US + 1.80%), 6.59%, 10/15/30		1,750		1,683,958
Atlas Senior Loan Fund XII Ltd., Series 2018-12A, Class A1, (3 mo. LIBOR US + 1.18%), 6.00%, 10/24/31(a)(b)		400		393,783
Atrium XV, Series 15A, Class C, (3 mo. LIBOR US + 2.20%), 7.02%, 01/23/31(a)(b)		250		244,103
Benefit Street Partners CLO XII Ltd., Series 2017-12A, Class B, (3 mo. LIBOR US + 2.00%), 6.79%, 10/15/30(a)(b)		1,000		965,462

Security	Par (000)		Value
Asset-Backed Securities (continued)
Benefit Street Partners CLO XVI Ltd., Series 2018-16A, Class A1R, (3 mo. LIBOR US + 1.03%), 5.82%, 01/17/32(a)(b)		USD         1,900	$	1,867,559
Canyon CLO Ltd., Series 2020-3A, Class C, (3 mo. LIBOR US + 2.50%), 7.29%, 01/15/34(a)(b)		500		491,223
Carlyle C17 CLO Ltd., Series C17A, Class BR, (3 mo. LIBOR US + 1.85%), 6.65%, 04/30/31(a)(b)		1,000		964,228
CarVal CLO I Ltd., Series 2018-1A, Class D, (3 mo. LIBOR US + 2.89%), 7.68%, 07/16/31(a)(b)		500		452,579
Cedar Funding XII CLO Ltd., Series 2020-12A, Class A1R, (3 mo. LIBOR US + 1.13%), 5.95%, 10/25/34(a)(b)		1,000		969,680
Cedar Funding XIV CLO Ltd., Series 2021-14A, Class A, (3 mo. LIBOR US + 1.10%), 5.89%, 07/15/33(a)(b)		2,000		1,965,697
CIFC Funding 2020-III Ltd., Series A1R, Class 3A, (3 mo. LIBOR US + 1.13%), 5.94%, 10/20/34(a)(b)		1,000		975,708
CIFC Funding I Ltd., Series 2021-1A, Class A1, (3 mo. LIBOR US + 1.11%), 5.93%, 04/25/33(a)(b)		1,500		1,477,048
CIFC Funding II Ltd.(a)(b)
Series 2019-2A, Class BR, (3 mo. LIBOR US + 1.50%), 6.29%, 04/17/34		900		866,620
Series 2020-2A, Class AR, (3 mo. LIBOR US + 1.17%), 5.98%, 10/20/34		1,200		1,171,026
CIFC Funding Ltd.(a)(b)
Series 2013-2A, Class A3LR, (3 mo. LIBOR US + 1.95%), 6.74%, 10/18/30		1,000		950,637
Series 2018-1A, Class C, (3 mo. LIBOR US + 1.75%), 6.54%, 04/18/31		1,000		961,963
Series 2018-1A, Class D, (3 mo. LIBOR US + 2.65%), 7.44%, 04/18/31		1,200		1,110,580
CIFC Funding V Ltd., Series 2019-5A, Class A2RS, (3 mo. LIBOR US + 1.75%), 6.54%, 01/15/35(a)(b)		1,000		960,004
Dryden 77 CLO Ltd., Series 2020-77A, Class AR, (3 mo. LIBOR US + 1.12%), 6.04%, 05/20/34(a)(b)		3,500		3,416,808
Elmwood CLO 15 Ltd., Series 2022-2A, Class A1, (3 mo. Term SOFR + 1.34%), 5.99%, 04/22/35(a)(b) .		1,200		1,174,040
Elmwood CLO II Ltd., Series 2019-2A, Class AR, (3 mo. LIBOR US + 1.15%), 5.96%, 04/20/34(a)(b)		2,000		1,952,447
Elmwood CLO V Ltd., Series 2022-2A, Class AR, (3 mo. LIBOR US + 1.15%), 5.96%, 10/20/34(a)(b)		1,000		976,726
Elmwood CLO VII Ltd., Series 2020-4A, Class A, (3 mo. LIBOR US + 1.39%), 6.18%, 01/17/34(a)(b)		2,000		1,971,908
Elmwood CLO VIII Ltd., Series 2021-1A, Class A1, (3 mo. LIBOR US + 1.24%), 6.05%, 01/20/34(a)(b)		2,000		1,958,891
Elmwood CLO XII Ltd., Series 2019-2A, Class B, (3 mo. LIBOR US + 1.70%), 6.51%, 01/20/35(a)(b)		2,000		1,937,393
Flatiron CLO 21 Ltd., Series 2021-1A, Class A1, (3 mo. LIBOR US + 1.11%), 5.91%, 07/19/34(a)(b)		1,931		1,887,641
Galaxy XX CLO Ltd., Series 2015-20A, Class D1R, (3 mo. LIBOR US + 2.60%), 7.41%, 04/20/31(a)(b)		1,000		902,966
Generate CLO 2 Ltd.(a)(b)
Series 2A, Class CR, (3 mo. LIBOR US + 1.85%), 6.67%, 01/22/31		1,500		1,423,710
Series 2A, Class DR, (3 mo. LIBOR US + 2.60%), 7.42%, 01/22/31		1,800		1,656,000
Generate CLO 6 Ltd., Series A1R, Class 6A, (3 mo. LIBOR US + 1.20%), 6.02%, 01/22/35(a)(b)		2,500		2,428,809

1

Schedule of Investments (unaudited) (continued) March 31, 2023 BlackRock Credit Allocation Income Trust (BTZ) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Asset-Backed Securities (continued)
Golub Capital Partners CLO 41B-R Ltd., Series 2019-41A, Class AR, (3 mo. LIBOR US + 1.32%), 6.13%, 01/20/34(a)(b)		USD         1,000	$	984,612
Golub Capital Partners CLO 52B Ltd., Series 2020-52A, Class A1, (3 mo. LIBOR US + 1.44%), 6.25%, 01/20/34(a)(b)		2,000		1,972,728
Golub Capital Partners CLO 53B Ltd., Series 2021-53A, Class B, (3 mo. LIBOR US + 1.80%), 6.61%, 07/20/34(a)(b)		1,000		972,693
HalseyPoint CLO 4 Ltd., Series 2021-4A, Class A, (3 mo. LIBOR US + 1.22%), 6.03%, 04/20/34(a)(b)		2,000		1,951,934
Highbridge Loan Management Ltd.(a)(b)
Series 12A-18, Class B, (3 mo. LIBOR US + 1.85%), 6.64%, 07/18/31		1,250		1,204,297
Series 4A-2014, Class A2R, (3 mo. LIBOR US + 1.50%), 6.30%, 01/28/30		650		636,295
HPS Loan Management Ltd., Series 6A-2015, Class BR, (3 mo. LIBOR US + 1.75%), 6.56%, 02/05/31(a)(b)		1,500		1,437,959
Long Point Park CLO Ltd., Series 2017-1A, Class B, (3 mo. LIBOR US + 1.70%), 6.49%, 01/17/30(a)(b)		1,000		946,755
Madison Park Funding L Ltd., Series 2021-50A, Class A, (3 mo. Term SOFR + 1.40%), 6.03%, 04/19/34(a)(b)		1,270		1,241,225
Madison Park Funding XIII Ltd., Series 2014-13A, Class CR2, (3 mo. LIBOR US + 1.90%), 6.70%, 04/19/30(a)(b)		1,000		969,995
Madison Park Funding XLVIII Ltd., Series 2021-48A, Class A, (3 mo. LIBOR US + 1.15%), 5.95%, 04/19/33(a)(b)		1,000		986,208
Madison Park Funding XXVII Ltd.(a)(b)
Series 2018-27A, Class B, (3 mo. LIBOR US + 1.80%), 6.61%, 04/20/30		1,000		962,482
Series 2018-27A, Class C, (3 mo. LIBOR US + 2.60%), 7.41%, 04/20/30		1,000		930,595
Madison Park Funding XXXVIII Ltd., Series 2021-38A, Class A, (3 mo. LIBOR US + 1.12%), 5.91%, 07/17/34(a)(b)		1,070		1,044,090
Marble Point CLO XI Ltd., Series 2017-2A, Class B, (3 mo. LIBOR US + 1.50%), 6.29%, 12/18/30(a)(b)		1,000		958,259
MP CLO III Ltd., Series 2013-1A, Class CR, (3 mo. LIBOR US + 2.00%), 6.81%, 10/20/30(a)(b)		1,000		955,154
Neuberger Berman CLO XXII Ltd.(a)(b)
Series 2016-22A, Class BR, (3 mo. LIBOR US + 1.65%), 6.44%, 10/17/30		400		391,398
Series 2016-22A, Class CR, (3 mo. LIBOR US + 2.20%), 6.99%, 10/17/30		1,000		964,176
Neuberger Berman Loan Advisers CLO 26 Ltd., Series 2017-26A, Class C, (3 mo. LIBOR US + 1.75%), 6.54%, 10/18/30(a)(b)		1,500		1,439,043
Neuberger Berman Loan Advisers CLO 27 Ltd., Series 2018-27A, Class D, (3 mo. LIBOR US + 2.60%), 7.39%, 01/15/30(a)(b)		1,000		930,133
Neuberger Berman Loan Advisers CLO 35 Ltd., Series 2019-35A, Class A1, (3 mo. LIBOR US + 1.34%), 6.14%, 01/19/33(a)(b)		1,000		988,047
Neuberger Berman Loan Advisers CLO 45 Ltd., Series 2021-45A, Class A, (3 mo. LIBOR US + 1.13%), 5.92%, 10/14/35(a)(b)		3,000		2,927,099

Security	Par (000)		Value
Asset-Backed Securities (continued)
Neuberger Berman Loan Advisers CLO 47 Ltd., Series 2022-47A, Class A, (3 mo. Term SOFR + 1.30%), 5.93%, 04/14/35(a)(b)		USD         1,000	$	976,673
OCP CLO Ltd.(a)(b)
Series 2014-6A, Class BR, (3 mo. LIBOR US + 2.15%), 6.98%, 10/17/30		500		484,453
Series 2016-11A, Class BR, (3 mo. LIBOR US + 2.45%), 7.27%, 10/26/30		1,500		1,450,222
Series 2017-14A, Class B, (3 mo. LIBOR US + 1.95%), 6.87%, 11/20/30		1,000		951,707
Octagon Investment Partners 26 Ltd., Series 2016-1A, Class DR, (3 mo. LIBOR US + 2.85%), 7.64%, 07/15/30(a)(b)		500		438,418
Octagon Investment Partners 34 Ltd., Series 2017-1A, Class B1, (3 mo. LIBOR US + 1.40%), 6.21%, 01/20/30(a)(b)		1,000		972,526
Octagon Investment Partners XVII Ltd.(a)(b)
Series 2013-1A, Class BR2, (3 mo. LIBOR US + 1.40%), 6.22%, 01/25/31		1,000		969,929
Series 2013-1A, Class CR2, (3 mo. LIBOR US + 1.70%), 6.52%, 01/25/31		1,000		932,839
Octagon Investment Partners XXII Ltd., Series 2014-1A, Class CRR, (3 mo. LIBOR US + 1.90%), 6.72%, 01/22/30(a)(b)		900		858,059
OHA Credit Funding 10 Ltd., Series 2021-10A, Class A, (3 mo. LIBOR US + 1.13%), 5.92%, 01/18/36(a)(b)		1,500		1,462,591
OHA Credit Funding 3 Ltd., Series 2019-3A, Class AR, (3 mo. LIBOR US + 1.14%), 5.95%, 07/02/35(a)(b)		1,750		1,710,377
OHA Credit Funding 5 Ltd., Series 2020-5A, Class A1, (3 mo. LIBOR US + 1.17%), 5.96%, 04/18/33(a)(b)		1,000		984,203
OHA Credit Funding 7 Ltd., Series 2020-7A, Class AR, (3 mo. Term SOFR + 1.30%), 5.93%, 02/24/37(a)(b)		1,250		1,221,065
OHA Credit Partners XII Ltd., Series 2015-12A, Class DR, (3 mo. LIBOR US + 2.90%), 7.72%, 07/23/30(a)(b)		600		560,063
OHA Credit Partners XVI, Series 2021-16A, Class A, (3 mo. LIBOR US + 1.15%), 5.94%, 10/18/34(a)(b)		750		730,924
OZLM XXI Ltd., Series 2017-21A, Class B, (3 mo. LIBOR US + 1.90%), 6.71%, 01/20/31(a)(b)		1,800		1,706,071
Palmer Square CLO Ltd.(a)(b)
Series 2015-1A, Class A2R4, (3 mo. LIBOR US + 1.70%), 6.62%, 05/21/34		2,500		2,409,122
Series 2018-1A, Class A2, (3 mo. LIBOR US + 1.45%), 6.24%, 04/18/31		1,500		1,463,712
Series 2019-1A, Class CR, (3 mo. LIBOR US + 3.05%), 7.92%, 11/14/34		1,000		920,903
Series 2020-3A, Class A1AR, (3 mo. LIBOR US + 1.08%), 5.94%, 11/15/31		1,500		1,476,753
Series 2021-2A, Class A, (3 mo. LIBOR US + 1.15%), 5.94%, 07/15/34		2,000		1,948,043
Series 2021-4A, Class B, (3 mo. LIBOR US + 1.65%), 6.44%, 10/15/34		1,250		1,209,513
Regatta VI Funding Ltd., Series 2016-1A, Class AR2, (3 mo. LIBOR US + 1.16%), 5.97%, 04/20/34(a)(b)		2,000		1,953,028
Regatta VII Funding Ltd., Series 2016-1A, Class DR2, (3 mo. LIBOR US + 3.05%), 8.01%, 06/20/34(a)(b)		500		468,542

S C H E D U L E  O F  I N V E S T M  E N T S 2

Schedule of Investments (unaudited) (continued) March 31, 2023 BlackRock Credit Allocation Income Trust (BTZ) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Asset-Backed Securities (continued)
Regatta XV Funding Ltd., Series 2018-4A, Class A2, (3 mo. LIBOR US + 1.85%), 6.67%, 10/25/31(a)(b)		USD         1,200	$	1,170,279
Regatta XVI Funding Ltd.(a)(b)
Series 2019-2A, Class C, (3 mo. LIBOR US + 2.70%), 7.49%, 01/15/33		1,000		986,761
Series 2019-2A, Class D, (3 mo. LIBOR US + 3.90%), 8.69%, 01/15/33		1,000		956,465
Regatta XVIII Funding Ltd., Series 2021-1A, Class B, (3 mo. LIBOR US + 1.45%), 6.24%, 01/15/34(a)(b)		1,000		968,533
Rockford Tower CLO Ltd.(a)(b)
Series 2017-3A, Class A, (3 mo. LIBOR US + 1.19%), 6.00%, 10/20/30		2,000		1,978,146
Series 2017-3A, Class D, (3 mo. LIBOR US + 2.65%), 7.46%, 10/20/30		1,000		906,514
RR 5 Ltd., Series 2018-5A, Class C, (3 mo. LIBOR US + 3.10%), 7.89%, 10/15/31(a)(b)		650		597,566
Signal Peak CLO 8 Ltd.(a)(b)
Series 2020-8A, Class A, (3 mo. LIBOR US + 1.27%), 6.08%, 04/20/33		6,000		5,874,373
Series 2020-8A, Class B, (3 mo. LIBOR US + 1.65%), 6.46%, 04/20/33		1,650		1,588,206
Sixth Street CLO XX Ltd., Series 2021-20A, Class A1, (3 mo. LIBOR US + 1.16%), 5.97%, 10/20/34(a)(b)		1,325		1,296,681
Sound Point CLO XXI Ltd., Series 2018-3A, Class A1A, (3 mo. LIBOR US + 1.18%), 6.00%, 10/26/31(a)(b)		1,400		1,380,376
Stewart Park CLO Ltd., Series 2015-1A, Class DR, (3 mo. LIBOR US + 2.60%), 7.39%, 01/15/30(a)(b)		1,500		1,324,715
Symphony CLO XXVIII Ltd., Series 2021-28A, Class A, (3 mo. LIBOR US + 1.14%), 5.96%, 10/23/34(a)(b)		1,900		1,854,925
Tiaa CLO III Ltd., Series 2017-2A, Class A, (3 mo. LIBOR US + 1.15%), 5.94%, 01/16/31(a)(b)		2,500		2,469,691
TICP CLO IX Ltd., Series 2017-9A, Class A, (3 mo. LIBOR US + 1.14%), 5.95%, 01/20/31(a)(b)		1,000		990,466
TICP CLO VI Ltd., Series 2016-6A, Class AR2, (3 mo. LIBOR US + 1.12%), 5.91%, 01/15/34(a)(b)		2,000		1,955,031
TICP CLO X Ltd., Series 2018-10A, Class B, (3 mo. LIBOR US + 1.47%), 6.28%, 04/20/31(a)(b)		1,300		1,272,034
TICP CLO XII Ltd., Series 2018-12A, Class BR, (3 mo. LIBOR US + 1.65%), 6.44%, 07/15/34(a)(b)		1,000		959,680
TICP CLO XIV Ltd., Series 2019-14A, Class A2R, (3 mo. LIBOR US + 1.65%), 6.46%, 10/20/32(a)(b)		1,750		1,699,956
Trimaran CAVU Ltd.(a)(b)
Series 2021-2A, Class B1, (3 mo. LIBOR US + 1.75%), 6.57%, 10/25/34		1,500		1,428,446
Series 2022-2A, Class A, (3 mo. Term SOFR + 2.50%), 6.85%, 01/20/36		2,500		2,517,305
Series 2022-2A, Class B1, (3 mo. Term SOFR + 3.40%), 7.75%, 01/20/36		1,500		1,506,390
Whitebox CLO I Ltd., Series 2019-1A, Class ANAR, (3 mo. LIBOR US + 1.13%), 5.95%, 07/24/32(a)(b)		1,000		978,968
Whitebox CLO IV Ltd.(a)(b)
Series 2023-4A, Class A1, (3 mo. Term SOFR + 2.15%), 6.93%, 04/20/36		2,000		2,004,925

Security	Par (000)		Value
Asset-Backed Securities (continued)
Whitebox CLO IV Ltd.(a)(b) (continued)
Series 2023-4A, Class B1, (3 mo. Term SOFR + 2.60%), 7.38%, 04/20/36		USD         1,000	$	999,236
York CLO 1 Ltd., Series 2014-1A, Class ARR, (3 mo. LIBOR US + 1.12%), 5.94%, 10/22/29(a)(b)		1,647		1,631,032
Total Asset-Backed Securities — 15.2% (Cost: $165,478,880)				163,182,585
Corporate Bonds
Aerospace & Defense — 4.8%
Boeing Co., 5.15%, 05/01/30(d)		6,775		6,817,358
Bombardier, Inc.(b) 7.50%, 03/15/25		42		41,996
7.13%, 06/15/26(d)		1,322		1,326,759
7.88%, 04/15/27(d)		1,347		1,363,607
7.50%, 02/01/29		1,713		1,749,932
7.45%, 05/01/34		327		366,240
F-Brasile SpA/F-Brasile U.S. LLC, Series XR, 7.38%, 08/15/26 (b)		516		430,860
General Dynamics Corp., 4.25%, 04/01/50(d)		1,260		1,178,579
Howmet Aerospace, Inc., 5.13%, 10/01/24		39		39,160
Moog, Inc., 4.25%, 12/15/27(b)		320		296,121
Northrop Grumman Corp.(d) 4.03%, 10/15/47		2,400		2,089,718
5.25%, 05/01/50		3,050		3,158,036
Raytheon Technologies Corp. 4.63%, 11/16/48		2,805		2,667,007
3.13%, 07/01/50(d)		3,545		2,643,024
Rolls-Royce PLC(b) 3.63%, 10/14/25		200		189,500
5.75%, 10/15/27		1,933		1,925,655
Spirit AeroSystems, Inc.(b) 7.50%, 04/15/25		332		332,000
9.38%, 11/30/29		974		1,062,878
TransDigm, Inc. 8.00%, 12/15/25(b)		1,596		1,625,925
6.25%, 03/15/26(b)		16,639		16,654,141
6.38%, 06/15/26		8		7,820
7.50%, 03/15/27		432		430,920
6.75%, 08/15/28(b)		3,658		3,694,580
Triumph Group, Inc., 9.00%, 03/15/28(b)		1,306		1,307,371
				51,399,187
Air Freight & Logistics — 0.0%
XPO Escrow Sub LLC, 7.50%, 11/15/27(b)		105		109,200
Automobile Components — 1.5%
Aptiv PLC/Aptiv Corp., 4.15%, 05/01/52		4,240		3,326,631
Clarios Global LP, 6.75%, 05/15/25(b)		631		637,720
Clarios Global LP/Clarios U.S. Finance Co. 4.38%, 05/15/26(e)		EUR            100		103,367
6.25%, 05/15/26(b)		USD         4,933		4,920,668
8.50%, 05/15/27(b)(d)		7,065		7,091,494
Goodyear Tire & Rubber Co. 5.00%, 07/15/29		207		184,934
5.63%, 04/30/33		53		45,845
				16,310,659
Automobiles — 1.5%
Asbury Automotive Group, Inc. 4.50%, 03/01/28		197		179,270

3

Schedule of Investments (unaudited) (continued) March 31, 2023 BlackRock Credit Allocation Income Trust (BTZ) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Automobiles (continued)
Asbury Automotive Group, Inc. (continued)
5.00%, 02/15/32(b)		USD            293	$	256,669
Ford Motor Co.(d) 3.25%, 02/12/32		1,125		884,201
6.10%, 08/19/32		5,265		5,102,080
Ford Motor Credit Co. LLC 5.13%, 06/16/25(d)		1,270		1,243,133
2.70%, 08/10/26		613		545,564
4.95%, 05/28/27(d)		400		381,526
3.82%, 11/02/27		421		377,321
2.90%, 02/16/28(d)		427		367,049
5.11%, 05/03/29		200		187,760
7.35%, 03/06/30		435		446,963
3.63%, 06/17/31		456		375,758
General Motors Co.(d) 6.25%, 10/02/43		940		903,519
5.95%, 04/01/49		3,455		3,208,048
Hyundai Capital America 5.50%, 03/30/26		200		200,301
2.38%, 10/15/27(e)		200		176,814
Jaguar Land Rover Automotive PLC, 4.50%, 10/01/27(e)		500		409,918
LCM Investments Holdings II LLC, 4.88%, 05/01/29(b) .		456		381,490
Lithia Motors, Inc., 3.88%, 06/01/29(b)		269		232,685
Penske Automotive Group, Inc., 3.75%, 06/15/29		621		536,128
TML Holdings Pte. Ltd., 4.35%, 06/09/26(e)		200		180,163
				16,576,360
Banks — 3.3%
ABQ Finance Ltd., 3.13%, 09/24/24(e)		200		192,600
Abu Dhabi Commercial Bank PJSC, 3.50%, 03/31/27(e)		212		198,922
Agricultural Bank of China Ltd., 1.25%, 01/19/26(e)		200		182,946
Australia & New Zealand Banking Group Ltd., (5 year CMT + 1.70%), 2.57%, 11/25/35(a)(b)(d)		5,445		4,202,695
Bangkok Bank PCL 4.45%, 09/19/28(e)		200		197,184
(5 year CMT + 1.90%), 3.73%, 09/25/34(a)(e)		200		169,454
(5 year CMT + 4.73%), 5.00%		222		202,825
Bank Mandiri Persero Tbk PT, 5.50%, 04/04/26		200		201,272
Bank Negara Indonesia Persero Tbk PT, 3.75%, 03/30/26(e)		200		181,522
Bank of China Ltd.(e) 1.00%, 11/02/24		200		188,537
1.40%, 04/28/26		200		182,230
Bank of East Asia Ltd., (5 year CMT + 5.53%), 5.83%(a)(e)(f)		750		630,000
China Construction Bank Corp., (5 year CMT + 2.15%), 2.45%, 06/24/30(a)(e)		200		188,246
Fifth Third Bancorp, Series H, (3 mo. LIBOR US + 3.03%), 5.10%(a)(f)		5,000		4,330,070
Industrial & Commercial Bank of China Ltd., 2.95%, 06/01/25(e)		200		192,548
Industrial & Commercial Bank of China Macau Ltd., (5 year CMT + 1.65%), 2.88%, 09/12/29(a)(e)		200		192,600
Intesa Sanpaolo SpA, 5.71%, 01/15/26(b)(d)		9,840		9,323,269
Kasikornbank PCL(a)(e)
(5 year CMT + 1.70%), 3.34%, 10/02/31		468		408,330
(5 year CMT + 3.34%), 4.00%(f)		300		247,875
Kasikornbank PCL/Hong Kong, 5.46%, 03/07/28		200		205,890
Macquarie Bank Ltd., 6.80%, 01/18/33(b)(d)		5,110		5,194,284

Security	Par (000)		Value
Banks (continued)
NongHyup Bank, 4.00%, 01/06/26(e)		USD            200	$	194,975
QNB Finance Ltd., 2.63%, 05/12/25(e)		200		189,725
Shinhan Financial Group Co. Ltd., 1.35%, 01/10/26(e) .		200		181,780
SNB Funding Ltd., 2.75%, 10/02/24(e)		200		191,975
United Overseas Bank Ltd., 1.25%, 04/14/26(e)		200		181,074
Wells Fargo & Co.(d) 5.61%, 01/15/44		4,119		3,968,980
(1 day SOFR + 1.51%), 3.53%, 03/24/28(a)		4,075		3,844,722
				35,766,530
Beverages — 2.6%
Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc., 4.90%, 02/01/46(d)		6,170		6,030,018
Anheuser-Busch InBev Worldwide, Inc., 5.55%, 01/23/49(d)		5,000		5,360,336
ARD Finance SA, (6.50% Cash or 7.25% PIK), 6.50%, 06/30/27(b)(g)		2,781		2,127,187
Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC(b) 6.00%, 06/15/27		509		504,432
3.25%, 09/01/28		200		172,112
4.00%, 09/01/29		3,414		2,671,455
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc., 5.25%, 04/30/25(b)		200		197,000
Ball Corp. 5.25%, 07/01/25		30		29,800
3.13%, 09/15/31(d)		445		368,237
Canpack SA/Canpack U.S. LLC, 3.13%, 11/01/25(b)		228		206,604
Crown Cork & Seal Co., Inc., 7.38%, 12/15/26		151		159,559
Mauser Packaging Solutions Holding Co.(b)
7.88%, 08/15/26		4,532		4,532,000
9.25%, 04/15/27		69		63,755
Trivium Packaging Finance BV(b) 5.50%, 08/15/26		2,830		2,711,140
8.50%, 08/15/27		3,036		2,762,760
				27,896,395
Biotechnology — 0.6%
Baxalta, Inc., 5.25%, 06/23/45(d)		6,000		5,880,123
Broadline Retail — 0.0%
NMG Holding Co., Inc./Neiman Marcus Group LLC, 7.13%, 04/01/26(b)		387		363,343
Building Materials — 0.4%
Camelot Return Merger Sub, Inc., 8.75%, 08/01/28(b)		336		311,116
Jeld-Wen, Inc., 4.63%, 12/15/25(b)		38		35,245
Masonite International Corp., Class C, 5.38%, 02/01/28(b)		235		224,425
New Enterprise Stone & Lime Co., Inc., 5.25%, 07/15/28(b)		163		144,075
Smyrna Ready Mix Concrete LLC, 6.00%, 11/01/28(b)		1,232		1,156,540
Standard Industries, Inc. 2.25%, 11/21/26(e)		EUR            156		146,388
5.00%, 02/15/27(b)		USD            412		391,285
4.75%, 01/15/28(b)		26		24,289
4.38%, 07/15/30(b)(d)		1,492		1,298,040
3.38%, 01/15/31(b)		350		281,289
Summit Materials LLC/Summit Materials Finance Corp., 5.25%, 01/15/29(b)		90		85,050
				4,097,742

S C H E D U L E  O F  I N V E S T M  E N T S 4

Schedule of Investments (unaudited) (continued) March 31, 2023 BlackRock Credit Allocation Income Trust (BTZ) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Building Products — 0.9%
Advanced Drainage Systems, Inc.(b) 5.00%, 09/30/27		USD            93	$	88,380
6.38%, 06/15/30		804		787,789
Beacon Roofing Supply, Inc., 4.13%, 05/15/29(b)		86		75,884
GYP Holdings III Corp., 4.63%, 05/01/29(b)		350		299,250
Lowe’s Cos., Inc., 5.63%, 04/15/53(d)		4,345		4,359,183
Specialty Building Products Holdings LLC/SBP Finance Corp., 6.38%, 09/30/26(b)		113		103,849
SRS Distribution, Inc.(b) 4.63%, 07/01/28		904		802,838
6.13%, 07/01/29(d)		1,046		882,521
6.00%, 12/01/29(d)		763		629,986
White Cap Buyer LLC, 6.88%, 10/15/28(b)(d)		1,999		1,734,050
White Cap Parent LLC, (8.25% Cash or 9.00% PIK), 8.25%, 03/15/26(b)(g)		96		87,301
				9,851,031
Capital Markets — 1.3%
Compass Group Diversified Holdings LLC, 5.25%, 04/15/29(b)		447		393,545
Gaci First Investment Co., 4.88%, 02/14/35(e)		200		196,500
GLP Capital LP/GLP Financing II, Inc., 3.25%, 01/15/32		725		588,236
Huarong Finance 2019 Co. Ltd., 2.13%, 09/30/23(e)		200		192,413
Huarong Finance II Co. Ltd., 4.63%, 06/03/26(e)		200		168,500
Icahn Enterprises LP/Icahn Enterprises Finance Corp. 6.25%, 05/15/26		807		794,149
5.25%, 05/15/27(d)		2,570		2,411,457
4.38%, 02/01/29		651		559,860
Jefferies Financial Group, Inc., 5.50%, 10/18/23(d)		4,000		3,989,744
NFP Corp.(b) 4.88%, 08/15/28(d)		139		125,378
6.88%, 08/15/28(d)		764		655,619
7.50%, 10/01/30		170		164,259
State Street Corp., (1 day SOFR + 1.72%), 5.82%, 11/04/28(a)(d)		2,925		3,050,906
Temasek Financial I Ltd., 2.38%, 08/02/41(e)		250		187,859
				13,478,425
Chemicals — 2.6%
Avient Corp., 7.13%, 08/01/30(b)		180		185,625
Axalta Coating Systems LLC, 3.38%, 02/15/29(b)		940		805,376
Axalta Coating Systems LLC/Axalta Coating Systems Dutch Holding B BV, 4.75%, 06/15/27(b)		597		567,269
Bluestar Finance Holdings Ltd., 3.38%, 07/16/24(e)		200		194,850
CNAC HK Finbridge Co. Ltd., 2.00%, 09/22/25(e)		300		276,825
DuPont de Nemours, Inc., 5.42%, 11/15/48(d)		7,500		7,505,059
Element Solutions, Inc., 3.88%, 09/01/28(b)(d)		3,039		2,667,148
GC Treasury Center Co. Ltd., 2.98%, 03/18/31(e)		200		164,050
Herens Holdco SARL, 4.75%, 05/15/28(b)		490		394,450
Illuminate Buyer LLC/Illuminate Holdings IV, Inc., 9.00%, 07/01/28(b)		491		435,279
Ingevity Corp., 3.88%, 11/01/28(b)		100		85,678
LG Chem Ltd., 2.38%, 07/07/31(e)		200		164,100
LYB Finance Co. BV, 8.10%, 03/15/27(b)		6,000		6,618,008
NOVA Chemicals Corp., 4.88%, 06/01/24(b)		240		236,777
SCIL IV LLC/SCIL USA Holdings LLC, 5.38%, 11/01/26(b)(d)		480		438,498
Scotts Miracle-Gro Co., 4.00%, 04/01/31		250		199,416
SK Invictus Intermediate II SARL, 5.00%, 10/30/29(b)		1,148		953,116

Security	Par (000)		Value
Chemicals (continued)
UPL Corp. Ltd., (5 year CMT + 3.87%), 5.25%(a)(e)(f)		USD          500	$	368,219
WESCO Distribution, Inc.(b) 7.13%, 06/15/25		1,485		1,509,428
7.25%, 06/15/28(d)		1,384		1,421,091
WR Grace Holdings LLC(b) 4.88%, 06/15/27		224		215,916
5.63%, 08/15/29(d)		2,101		1,780,597
7.38%, 03/01/31		269		270,017
				27,456,792
Commercial Services & Supplies — 1.2%
ADT Security Corp. 4.13%, 06/15/23		25		24,879
4.13%, 08/01/29(b)		91		81,153
4.88%, 07/15/32(b)		37		32,645
AerCap Global Aviation Trust, (3 mo. LIBOR US + 4.30%), 6.50%, 06/15/45(a)(b)(d)		5,000		4,725,800
APX Group, Inc., 5.75%, 07/15/29(b)		555		496,725
Cablevision Lightpath LLC, 3.88%, 09/15/27(b)		368		296,141
Fortress Transportation & Infrastructure Investors LLC(b) 6.50%, 10/01/25		853		853,567
9.75%, 08/01/27		115		121,335
5.50%, 05/01/28(d)		791		721,661
Herc Holdings, Inc., 5.50%, 07/15/27(b)(d)		883		852,095
Hertz Corp., 5.00%, 12/01/29(b)(d)		439		363,589
LABL, Inc., 9.50%, 11/01/28		363		366,176
Metis Merger Sub LLC, 6.50%, 05/15/29(b)		310		258,199
NESCO Holdings II, Inc., 5.50%, 04/15/29(b)		356		322,066
Prime Security Services Borrower LLC/Prime Finance, Inc.(b) 5.75%, 04/15/26		637		632,222
6.25%, 01/15/28(d)		804		751,740
Sotheby’s/Bidfair Holdings, Inc., 5.88%, 06/01/29(b)		882		731,459
Williams Scotsman International, Inc.(b) 6.13%, 06/15/25		823		817,835
4.63%, 08/15/28		541		492,138
				12,941,425
Communications Equipment — 0.4%
CommScope Technologies LLC, 6.00%, 06/15/25(b)(d)		942		887,134
CommScope, Inc.(b) 8.25%, 03/01/27		506		414,465
4.75%, 09/01/29(d)		1,098		915,205
Nokia OYJ, 6.63%, 05/15/39		324		323,394
Viasat, Inc.(b) 5.63%, 09/15/25		1,078		1,022,009
5.63%, 04/15/27		243		228,177
Viavi Solutions, Inc., 3.75%, 10/01/29(b)		633		541,320
				4,331,704
Construction Materials(b) — 0.1%
American Builders & Contractors Supply Co., Inc., 3.88%, 11/15/29		41		35,008
BCPE Empire Holdings, Inc., 7.63%, 05/01/27		505		461,444
H&E Equipment Services, Inc., 3.88%, 12/15/28		132		115,676
Resideo Funding, Inc., 4.00%, 09/01/29		97		80,647
Ritchie Bros Holdings, Inc., 6.75%, 03/15/28		117		120,490
				813,265

5

Schedule of Investments (unaudited) (continued) March 31, 2023 BlackRock Credit Allocation Income Trust (BTZ) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Consumer Discretionary(b) — 1.2%
Carnival Corp. 10.50%, 02/01/26		USD            733	$	763,727
7.63%, 03/01/26(d)		149		135,962
5.75%, 03/01/27		1,111		911,387
9.88%, 08/01/27		957		985,801
4.00%, 08/01/28		434		373,600
6.00%, 05/01/29(d)		866		688,470
Carnival Holdings Bermuda Ltd., 10.38%, 05/01/28		3,040		3,270,310
CoreLogic, Inc., 4.50%, 05/01/28(d)		869		659,354
Life Time, Inc. 5.75%, 01/15/26		256		248,685
8.00%, 04/15/26		227		216,537
Lindblad Expeditions LLC, 6.75%, 02/15/27		480		464,686
NCL Corp. Ltd. 5.88%, 03/15/26		97		82,555
8.38%, 02/01/28		206		206,706
7.75%, 02/15/29		78		66,880
NCL Finance Ltd., 6.13%, 03/15/28		530		429,427
Neptune Bidco U.S., Inc., 9.29%, 04/15/29		128		118,669
Royal Caribbean Cruises Ltd. 4.25%, 07/01/26		200		179,500
5.50%, 08/31/26		313		292,827
5.38%, 07/15/27		378		336,685
11.63%, 08/15/27		284		305,029
5.50%, 04/01/28		162		143,027
8.25%, 01/15/29		302		315,930
9.25%, 01/15/29(d)		566		601,375
7.25%, 01/15/30		415		417,594
Viking Ocean Cruises Ship VII Ltd., 5.63%, 02/15/29		262		224,881
				12,439,604
Consumer Finance — 1.6%
Block, Inc. 2.75%, 06/01/26		751		684,736
3.50%, 06/01/31		2,228		1,829,745
Global Payments, Inc., 5.95%, 08/15/52(d)		4,850		4,613,702
HealthEquity, Inc., 4.50%, 10/01/29(b)		1,085		963,988
KB Kookmin Card Co. Ltd., 4.00%, 06/09/25(e)		200		194,150
Navient Corp. 7.25%, 09/25/23		299		297,986
5.50%, 03/15/29		480		405,600
OneMain Finance Corp. 6.88%, 03/15/25		112		108,529
7.13%, 03/15/26(d)		781		750,767
6.63%, 01/15/28		295		270,459
5.38%, 11/15/29(d)		1,233		1,037,280
Sabre Global, Inc., 11.25%, 12/15/27(b)		748		697,016
Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc., 4.63%, 11/01/26(b)		788		740,720
Shinhan Card Co. Ltd., 1.38%, 10/19/25(e)		200		181,380
Shriram Finance Ltd., 4.40%, 03/13/24		500		480,625
SLM Corp., 3.13%, 11/02/26		347		294,950
Verscend Escrow Corp., 9.75%, 08/15/26(b)		3,791		3,791,000
				17,342,633
Consumer Staples Distribution & Retail — 2.3%
Albertsons Cos., Inc./Safeway, Inc./New Albertsons
LP/Albertsons LLC(b) 3.25%, 03/15/26		1,389		1,307,042
4.63%, 01/15/27(d)		1,961		1,896,454
5.88%, 02/15/28		928		922,297

Security	Par (000)		Value
Consumer Staples Distribution & Retail (continued)
Albertsons Cos., Inc./Safeway, Inc./New Albertsons
LP/Albertsons LLC(b) (continued) 6.50%, 02/15/28		USD        237	$	237,593
4.88%, 02/15/30(d)		387		361,220
CK Hutchison International 21 Ltd., 2.50%, 04/15/31(e)		200		171,360
Darling Ingredients, Inc., 6.00%, 06/15/30(b)(d)		714		711,572
General Mills, Inc.(d) 5.24%, 11/18/25		935		937,807
4.20%, 04/17/28		620		613,286
Kraft Heinz Foods Co. 4.25%, 03/01/31		68		65,801
5.00%, 07/15/35		214		214,153
7.13%, 08/01/39(b)(d)		4,415		5,047,045
4.63%, 10/01/39		100		91,662
5.00%, 06/04/42		12		11,508
4.38%, 06/01/46		158		137,649
5.50%, 06/01/50(d)		2,825		2,858,137
Lamb Weston Holdings, Inc.(b) 4.88%, 05/15/28		460		446,177
4.13%, 01/31/30(d)		515		471,225
4.38%, 01/31/32(d)		409		370,925
Performance Food Group, Inc., 4.25%, 08/01/29(b)		700		628,581
Post Holdings, Inc., 4.63%, 04/15/30(b)(d)		434		388,973
U.S. Foods, Inc.(b) 4.75%, 02/15/29		595		549,631
4.63%, 06/01/30		67		60,438
United Natural Foods, Inc., 6.75%, 10/15/28(b)		53		49,259
Walmart, Inc., 5.25%, 09/01/35(d)		5,150		5,650,317
				24,200,112
Containers & Packaging — 1.8%
Clydesdale Acquisition Holdings, Inc.(b) 6.63%, 04/15/29		988		950,950
8.75%, 04/15/30		633		575,232
Crown Americas LLC/Crown Americas Capital Corp. V, 4.25%, 09/30/26		224		214,742
Crown Americas LLC/Crown Americas Capital Corp. VI, 4.75%, 02/01/26		355		345,708
International Paper Co. 8.70%, 06/15/38		4,000		5,170,596
7.30%, 11/15/39		10,000		11,495,411
LABL, Inc., 5.88%, 11/01/28(b)		520		462,054
Sealed Air Corp., 4.00%, 12/01/27(b)		109		101,719
Sealed Air Corp./Sealed Air Corp. U.S., 6.13%, 02/01/28(b)		229		231,554
				19,547,966
Distributors — 0.1%
Alibaba Group Holding Ltd. 3.60%, 11/28/24		200		194,968
2.13%, 02/09/31		200		164,366
Tencent Holdings Ltd., 3.58%, 04/11/26(e)		200		191,850
				551,184
Diversified Consumer Services — 1.4%
Allied Universal Holdco LLC/Allied Universal Finance Corp.(b) 6.63%, 07/15/26		5,356		5,147,143
9.75%, 07/15/27(d)		3,673		3,273,598

S C H E D U L E  O F  I N V E S T M  E N T S 6

Schedule of Investments (unaudited) (continued) March 31, 2023 BlackRock Credit Allocation Income Trust (BTZ) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Diversified Consumer Services (continued)
Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 SARL, 4.63%, 06/01/28(b)		USD         2,354	$	1,983,617
Clarivate Science Holdings Corp.(b) 3.88%, 07/01/28		1,577		1,407,424
4.88%, 07/01/29(d)		861		778,662
Garda World Security Corp., 7.75%, 02/15/28(b)		522		514,485
Service Corp. International 5.13%, 06/01/29		468		451,474
3.38%, 08/15/30(d)		1,318		1,123,595
Sotheby’s, 7.38%, 10/15/27(b)		200		189,186
				14,869,184
Diversified REITs — 1.3%
Brookfield Property REIT, Inc./BPR Cumulus LLC/BPR Nimbus LLC/GGSI Sellco LLC, 4.50%, 04/01/27(b)		364		292,110
Crown Castle, Inc.(d) 1.05%, 07/15/26		925		815,084
3.65%, 09/01/27		8,000		7,588,849
Global Net Lease, Inc./Global Net Lease Operating Partnership LP, 3.75%, 12/15/27(b)		258		204,135
Iron Mountain, Inc.(b) 4.88%, 09/15/27		606		572,791
5.00%, 07/15/28		47		43,733
5.63%, 07/15/32		677		618,466
MPT Operating Partnership LP/MPT Finance Corp. 2.55%, 12/05/23		GBP         158		184,423
4.63%, 08/01/29(d)		USD         449		331,699
3.50%, 03/15/31(d)		2,123		1,429,204
RHP Hotel Properties LP/RHP Finance Corp. 4.75%, 10/15/27		146		136,831
4.50%, 02/15/29(b)		1,704		1,539,189
RLJ Lodging Trust LP, 4.00%, 09/15/29(b)		199		166,189
				13,922,703
Diversified Telecommunication Services — 6.3%
AT&T, Inc. 4.65%, 06/01/44		28		25,037
4.35%, 06/15/45		95		81,403
3.50%, 09/15/53(d)		15,960		11,587,726
Level 3 Financing, Inc.
3.40%, 03/01/27(b)		593		469,029
4.63%, 09/15/27(b)		229		137,686
4.25%, 07/01/28(b)(d)		303		170,953
3.63%, 01/15/29(b)		220		121,642
3.75%, 07/15/29(b)		82		43,719
3.88%, 11/15/29(b)		329		238,107
10.50%, 05/15/30		2,365		2,258,565
Lumen Technologies, Inc., 4.00%, 02/15/27(b)		2,025		1,336,500
Sprint Capital Corp. 6.88%, 11/15/28(d)		3,063		3,291,285
8.75%, 03/15/32		2,041		2,484,918
Telecom Italia Capital SA 6.38%, 11/15/33		442		400,196
6.00%, 09/30/34		818		701,435
7.20%, 07/18/36		186		168,280
7.72%, 06/04/38		319		295,338
Telecom Italia SpA, 5.30%, 05/30/24(b)		1,062		1,040,760
Telefonica Emisiones SA, 5.21%, 03/08/47(d)		5,000		4,374,462
Verizon Communications, Inc.(d) 6.40%, 09/15/33		9,475		10,402,868

Security	Par (000)		Value
Diversified Telecommunication Services (continued)
Verizon Communications, Inc.(d) (continued)
6.55%, 09/15/43		USD       13,225	$	15,025,047
5.01%, 04/15/49		6,998		6,769,779
Zayo Group Holdings, Inc.(b)
4.00%, 03/01/27(d)		6,404		4,867,040
6.13%, 03/01/28		2,589		1,574,630
				67,866,405
Electric Utilities — 4.1%
Dominion Energy, Inc., Series C, (5 year CMT + 3.20%), 4.35%(a)(f)		2,020		1,671,049
Edison International, Series A, (5 year CMT + 4.70%), 5.38%(a)(f)		6,851		6,058,552
Emera, Inc., Series 16-A, (3 mo. LIBOR US + 5.44%), 6.75%, 06/15/76(a)(d)		7,500		6,988,383
FirstEnergy Corp., Series C, 3.40%, 03/01/50		284		194,759
FirstEnergy Transmission LLC, 5.45%, 07/15/44(b)		699		669,680
NextEra Energy Capital Holdings, Inc., (3 mo. LIBOR US + 2.41%), 4.80%, 12/01/77(a)(d)		5,000		4,197,726
NextEra Energy Operating Partners LP(b)
4.25%, 07/15/24		712		702,936
4.25%, 09/15/24		26		24,928
Oncor Electric Delivery Co. LLC, 5.30%, 06/01/42(d)		2,750		2,838,240
Pacific Gas and Electric Co., 4.20%, 06/01/41(d)		2,310		1,821,667
Perusahaan Perseroan Persero PT Perusahaan Listrik Negara, 3.00%, 06/30/30(e)		350		297,938
PG&E Corp., 5.25%, 07/01/30		226		209,796
Progress Energy, Inc., 7.00%, 10/30/31(d)		12,000		13,283,572
Sempra Energy, (5 year CMT + 4.55%), 4.88%(a)(f)		4,375		4,097,466
State Grid Overseas Investment BVI Ltd.(e)
1.00%, 08/05/25		200		183,448
3.50%, 05/04/27		200		194,168
				43,434,308
Electrical Equipment(b) — 0.3%
Gates Global LLC/Gates Corp., 6.25%, 01/15/26		714		701,505
GrafTech Finance, Inc., 4.63%, 12/15/28		296		246,823
Regal Rexnord Corp.
6.05%, 02/15/26		155		155,679
6.05%, 04/15/28		940		940,418
6.30%, 02/15/30		350		352,417
6.40%, 04/15/33		510		510,315
				2,907,157
Electronic Equipment, Instruments & Components(b) — 0.2%
BWX Technologies, Inc.
4.13%, 06/30/28		70		63,029
4.13%, 04/15/29		248		219,923
Imola Merger Corp., 4.75%, 05/15/29(d)		784		701,358
Vertiv Group Corp., 4.13%, 11/15/28(d)		1,191		1,050,885
				2,035,195
Energy Equipment & Services — 0.3%
Archrock Partners LP/Archrock Partners Finance Corp.(b)
6.88%, 04/01/27		1,295		1,270,719
6.25%, 04/01/28		98		94,080
USA Compression Partners LP/USA Compression Finance Corp.
6.88%, 04/01/26		927		900,995
6.88%, 09/01/27		592		565,703

7

Schedule of Investments (unaudited) (continued) March 31, 2023 BlackRock Credit Allocation Income Trust (BTZ) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Energy Equipment & Services (continued)
Weatherford International Ltd.(b) 11.00%, 12/01/24		USD              11	$	11,287
6.50%, 09/15/28		254		254,434
8.63%, 04/30/30(d)		505		516,645
				3,613,863
Environmental, Maintenance & Security Service — 0.7%
Clean Harbors, Inc.(b) 5.13%, 07/15/29		1,142		1,087,924
6.38%, 02/01/31		168		171,403
Covanta Holding Corp. 4.88%, 12/01/29(b)		142		126,343
5.00%, 09/01/30		282		242,576
GFL Environmental, Inc.(b) 4.25%, 06/01/25		26		25,369
3.75%, 08/01/25		443		425,723
5.13%, 12/15/26(d)		2,367		2,314,370
4.00%, 08/01/28		36		32,709
3.50%, 09/01/28		376		340,280
4.75%, 06/15/29(d)		603		563,262
4.38%, 08/15/29		508		454,762
Tervita Corp., 11.00%, 12/01/25(b)		182		195,195
Waste Pro USA, Inc., 5.50%, 02/15/26(b)		1,713		1,575,382
				7,555,298
Financial Services — 6.4%
Acuris Finance U.S., Inc./Acuris Finance SARL, 5.00%, 05/01/28(b)		724		568,340
Ally Financial, Inc., Series B, (5 year CMT + 3.87%), 4.70%(a)(d)(f)		3,375		2,421,562
Bank of America Corp.(a)(d)
(1 day SOFR + 1.83%), 4.57%, 04/27/33		9,380		8,928,822
(1 day SOFR + 1.99%), 6.20%, 11/10/28		3,090		3,230,230
Barclays PLC, (3 mo. LIBOR US + 1.90%), 4.97%, 05/16/29(a)(d)		3,220		3,105,819
Blackstone Holdings Finance Co. LLC, 6.20%, 04/22/33(b)(d)		5,100		5,342,652
BNP Paribas SA, (5 year CMT + 3.34%), 4.63%(a)(b)(f)		13,999		10,462,293
BOC Aviation Ltd., 1.75%, 01/21/26(e)		200		181,828
China Cinda 2020 I Management Ltd.(e) 3.25%, 01/28/27		200		183,142
3.00%, 03/18/27		200		181,163
CITIC Ltd., 3.70%, 06/14/26(e)		200		193,340
Citigroup, Inc., 6.68%, 09/13/43(d)		4,125		4,601,297
CMB International Leasing Management Ltd., 1.88%, 08/12/25(e)		200		184,725
Deutsche Bank AG, (1 day SOFR + 1.87%), 2.13%, 11/24/26(a)(d)		3,260		2,809,383
Doric Nimrod Air Alpha Pass-Through Trust, Series 2013-1, Class A, 5.25%, 05/30/25(b)		191		189,783
Global Aircraft Leasing Co. Ltd., (6.50% Cash or 7.25% PIK), 6.50%, 09/15/24(b)(g)		338		304,269
Goldman Sachs Group, Inc., (1 day SOFR + 1.85%), 3.62%, 03/15/28(a)(d)		1,830		1,731,112
Home Point Capital, Inc., 5.00%, 02/01/26(b)		411		308,375
ICBCIL Finance Co. Ltd., 1.75%, 08/25/25(e)		200		185,037
ION Trading Technologies SARL, 5.75%, 05/15/28(b)		200		159,734
Jefferies Finance LLC/JFIN Co.-Issuer Corp., 5.00%, 08/15/28(b)		475		402,130
JIC Zhixin Ltd., 3.50%, 11/24/27(e)		200		190,984

Security	Par (000)		Value
Financial Services (continued)
JPMorgan Chase & Co., (1 day SOFR + 2.58%), 5.72%, 09/14/33(a)(d)		USD       11,000	$	11,267,947
Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.(b) 5.25%, 10/01/25		67		58,946
4.75%, 06/15/29		398		287,686
MGIC Investment Corp., 5.25%, 08/15/28		337		320,318
Nationstar Mortgage Holdings, Inc.(b) 6.00%, 01/15/27		524		475,530
5.75%, 11/15/31		380		294,752
Power Finance Corp. Ltd., 3.75%, 12/06/27(e)		200		185,287
Rocket Mortgage LLC/Rocket Mortgage Co.-Issuer, Inc., 2.88%, 10/15/26(b)(d)		932		834,140
Spectrum Brands, Inc. 5.75%, 07/15/25		1,002		989,156
5.00%, 10/01/29(b)		34		29,508
UBS Group AG, (1 year CMT + 1.55%), 4.49%, 05/12/26(a)(b)		2,585		2,493,057
UniCredit SpA, (5 year CMT + 4.75%), 5.46%, 06/30/35(a)(b)		6,135		5,053,793
				68,156,140
Food Products — 0.7%
Aramark International Finance SARL, 3.13%, 04/01/25(e)		EUR            200		209,787
Aramark Services, Inc.(b)(d) 5.00%, 04/01/25		USD         1,049		1,032,315
6.38%, 05/01/25		1,567		1,578,533
5.00%, 02/01/28		686		649,275
China Modern Dairy Holdings Ltd., 2.13%, 07/14/26(e).		200		173,802
Chobani LLC/Chobani Finance Corp., Inc.(b) 7.50%, 04/15/25(d)		1,562		1,522,984
4.63%, 11/15/28		675		615,094
Darling Global Finance BV, 3.63%, 05/15/26(e)		EUR            100		105,109
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance, Inc., 3.75%, 12/01/31(b)		USD            576		475,668
Pilgrim’s Pride Corp., 3.50%, 03/01/32		387		314,940
Simmons Foods, Inc./Simmons Prepared Foods, Inc./Simmons Pet Food, Inc./Simmons Feed, 4.63%, 03/01/29(b)		384		312,050
Tingyi Cayman Islands Holding Corp., 1.63%, 09/24/25(e)		200		183,020
				7,172,577
Gas Utilities — 0.0%
Suburban Propane Partners LP/Suburban Energy Finance Corp., 5.00%, 06/01/31(b)		237		207,079
Ground Transportation — 1.7%
BNSF Funding Trust I, (3 mo. LIBOR US + 2.35%), 6.61%, 12/15/55(a)		6,125		5,760,808
CMHI Finance BVI Co. Ltd., (5 year CMT + 6.62%), 3.88%(a)(e)(f)		200		192,000
CSX Corp., 3.80%, 04/15/50(d)		770		623,711
Norfolk Southern Corp., 6.00%, 03/15/2105		12,700		11,699,089
				18,275,608
Health Care Equipment & Supplies — 0.4%
Avantor Funding, Inc. 2.63%, 11/01/25(e)		EUR            300		312,266
4.63%, 07/15/28(b)(d)		USD         2,191		2,075,973
3.88%, 11/01/29(b)		395		353,525

S C H E D U L E  O F  I N V E S T M  E N T S 8

Schedule of Investments (unaudited) (continued) March 31, 2023 BlackRock Credit Allocation Income Trust (BTZ) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Health Care Equipment & Supplies (continued)
Embecta Corp., 6.75%, 02/15/30(b)		USD            129	$	117,390
Garden Spinco Corp., 8.63%, 07/20/30(b)		328		350,444
Medtronic, Inc., 4.63%, 03/15/45(d)		647		635,231
				3,844,829
Health Care Providers & Services — 4.4%
Acadia Healthcare Co., Inc., 5.00%, 04/15/29(b)		52		48,880
AdaptHealth LLC, 5.13%, 03/01/30(b)		55		46,658
Aetna, Inc., 3.88%, 08/15/47(d)		3,500		2,776,077
AHP Health Partners, Inc., 5.75%, 07/15/29(b)		580		487,200
Centene Corp. 2.45%, 07/15/28(d)		640		556,800
3.00%, 10/15/30		1,673		1,408,802
2.50%, 03/01/31(d)		1,918		1,553,196
2.63%, 08/01/31		363		294,143
CHS/Community Health Systems, Inc.(b) 6.00%, 01/15/29(d)		1,376		1,163,931
5.25%, 05/15/30		518		406,345
4.75%, 02/15/31		174		128,459
Elevance Health, Inc. 4.55%, 03/01/48		5,000		4,552,269
6.10%, 10/15/52(d)		1,985		2,214,622
Encompass Health Corp. 4.50%, 02/01/28		35		32,623
4.75%, 02/01/30(d)		1,032		938,289
4.63%, 04/01/31		250		218,386
HCA, Inc. 5.38%, 09/01/26		359		360,279
5.63%, 09/01/28(d)		833		842,677
5.25%, 06/15/49(d)		3,500		3,156,116
Legacy LifePoint Health LLC(b) 6.75%, 04/15/25		574		544,703
4.38%, 02/15/27		509		416,293
Medline Borrower LP(b) 3.88%, 04/01/29		362		314,035
5.25%, 10/01/29(d)		1,960		1,700,520
ModivCare, Inc., 5.88%, 11/15/25(b)		215		206,131
Molina Healthcare, Inc.(b) 4.38%, 06/15/28(d)		659		613,061
3.88%, 11/15/30		491		428,406
3.88%, 05/15/32(d)		198		166,399
Surgery Center Holdings, Inc.(b)(d) 6.75%, 07/01/25		188		185,984
10.00%, 04/15/27		524		534,273
Teleflex, Inc. 4.63%, 11/15/27		70		68,374
4.25%, 06/01/28(b)(d)		637		605,733
Tenet Healthcare Corp. 4.63%, 07/15/24		471		464,604
4.63%, 09/01/24		882		866,444
4.88%, 01/01/26		4,122		4,041,044
6.25%, 02/01/27		171		168,160
5.13%, 11/01/27(d)		427		409,942
4.25%, 06/01/29		2,060		1,863,703
6.13%, 06/15/30(b)(d)		646		637,279
UnitedHealth Group, Inc., 6.88%, 02/15/38(d)		10,000		12,065,463
				47,486,303
Health Care Technology(b) — 0.4%
AthenaHealth Group, Inc., 6.50%, 02/15/30(d)		2,282		1,850,381

Security	Par (000)		Value
Health Care Technology (continued)
Catalent Pharma Solutions, Inc.(d) 5.00%, 07/15/27		USD            733	$	715,807
3.50%, 04/01/30		390		342,744
Charles River Laboratories International, Inc. 4.25%, 05/01/28		324		303,227
4.00%, 03/15/31		68		59,500
IQVIA, Inc. 5.00%, 10/15/26		554		541,535
5.00%, 05/15/27(d)		592		581,693
				4,394,887
Hotels, Restaurants & Leisure — 3.4%
Boyd Gaming Corp. 4.75%, 12/01/27		254		243,611
4.75%, 06/15/31(b)(d)		643		583,973
Boyne USA, Inc., 4.75%, 05/15/29(b)		584		521,380
Burger King (Restaurant Brands International, Inc.)/New Red Finance, Inc.(b) 5.75%, 04/15/25		552		554,012
3.88%, 01/15/28		1,128		1,049,040
4.38%, 01/15/28(d)		2,509		2,316,183
4.00%, 10/15/30		110		94,325
Caesars Entertainment, Inc.(b) 6.25%, 07/01/25		3,420		3,420,160
8.13%, 07/01/27(d)		2,244		2,288,880
4.63%, 10/15/29(d)		2,534		2,215,983
7.00%, 02/15/30		2,151		2,188,642
Caesars Resort Collection LLC/CRC Finco, Inc., 5.75%, 07/01/25(b)(d)		1,048		1,048,224
CDI Escrow Issuer, Inc., 5.75%, 04/01/30(b)		1,346		1,300,021
Cedar Fair LP/Canada’s Wonderland Co./Magnum Management Corp./Millennium Op, 5.50%, 05/01/25(b)		408		407,743
Champion Path Holdings Ltd.(e) 4.50%, 01/27/26		500		438,125
4.85%, 01/27/28		500		417,438
Churchill Downs, Inc.(b) 5.50%, 04/01/27		1,730		1,693,817
4.75%, 01/15/28		730		683,590
Fertitta Entertainment LLC/Fertitta Entertainment Finance Co., Inc.(b) 4.63%, 01/15/29		807		708,304
6.75%, 01/15/30		133		109,423
Fortune Star BVI Ltd.(e) 6.75%, 07/02/23		200		194,500
5.95%, 10/19/25		269		206,592
5.00%, 05/18/26		344		250,260
Hilton Domestic Operating Co., Inc. 5.38%, 05/01/25(b)		319		318,402
5.75%, 05/01/28(b)		638		638,000
3.75%, 05/01/29(b)		356		318,620
4.88%, 01/15/30(d)		1,101		1,054,604
4.00%, 05/01/31(b)		248		217,174
3.63%, 02/15/32(b)		51		43,031
Las Vegas Sands Corp.
3.50%, 08/18/26		96		89,586
3.90%, 08/08/29		88		79,435
Marriott International, Inc., Series EE, 5.75%, 05/01/25(d)		1,295		1,303,751
McDonald’s Corp., 4.20%, 04/01/50		480		423,317

9

Schedule of Investments (unaudited) (continued) March 31, 2023 BlackRock Credit Allocation Income Trust (BTZ) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Hotels, Restaurants & Leisure (continued)
Melco Resorts Finance Ltd. 5.25%, 04/26/26(e)		USD            300	$	270,000
5.75%, 07/21/28(e)		300		253,800
5.38%, 12/04/29(e)		383		313,103
5.38%, 12/04/29(b)		200		163,500
Merlin Entertainments Ltd., 5.75%, 06/15/26(b)		440		417,329
MGM China Holdings Ltd., 5.88%, 05/15/26(e)		200		188,225
Midwest Gaming Borrower LLC/Midwest Gaming Finance Corp., 4.88%, 05/01/29(b)		487		423,366
Motion Bondco DAC, 6.63%, 11/15/27(b)		200		184,544
Premier Entertainment Sub LLC/Premier Entertainment Finance Corp.(b) 5.63%, 09/01/29		242		178,623
5.88%, 09/01/31		242		173,962
Scientific Games International, Inc.(b) 8.63%, 07/01/25		442		452,498
7.00%, 05/15/28(d)		451		446,490
7.25%, 11/15/29		218		218,421
Six Flags Theme Parks, Inc., 7.00%, 07/01/25(b)		591		597,108
Station Casinos LLC, 4.63%, 12/01/31(b)		611		515,989
Studio City Finance Ltd.(e) 6.50%, 01/15/28		300		250,875
5.00%, 01/15/29		530		402,800
Sunny Express Enterprises Corp., 2.95%, 03/01/27(e) .		200		189,442
Vail Resorts, Inc., 6.25%, 05/15/25(b)		341		341,798
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp., 5.25%, 05/15/27(b)(d)		602		568,890
Wynn Macau Ltd.(e) 4.88%, 10/01/24		200		192,560
5.50%, 01/15/26		230		211,600
Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.(b)(d) 5.13%, 10/01/29		1,288		1,169,968
7.13%, 02/15/31		504		511,242
Yum! Brands, Inc. 4.75%, 01/15/30(b)		95		90,762
3.63%, 03/15/31		134		117,652
				36,264,693
Household Durables — 0.4%
Brookfield Residential Properties, Inc./Brookfield
Residential U.S. LLC, 4.88%, 02/15/30(b)		699		527,151
CD&R Smokey Buyer, Inc., 6.75%, 07/15/25(b)		507		434,753
Lennar Corp., 5.25%, 06/01/26(d)		890		893,018
Mattamy Group Corp., 4.63%, 03/01/30(b)(d)		427		371,396
NCR Corp.(b) 5.00%, 10/01/28		241		211,831
5.13%, 04/15/29(d)		913		789,977
PulteGroup, Inc. 5.00%, 01/15/27		55		54,544
7.88%, 06/15/32		56		64,760
SWF Escrow Issuer Corp., 6.50%, 10/01/29(b)(d)		684		420,660
Taylor Morrison Communities, Inc., 5.88%, 06/15/27(b)		15		14,715
Tempur Sealy International, Inc.(b) 4.00%, 04/15/29		429		377,426

Security	Par (000)		Value
Household Durables (continued)
Tempur Sealy International, Inc.(b) (continued) 3.88%, 10/15/31		USD          70	$	58,450
Toll Brothers Finance Corp., 4.35%, 02/15/28		35		33,014
				4,251,695
Household Products — 0.0%
Central Garden & Pet Co. 5.13%, 02/01/28		80		77,000
4.13%, 10/15/30		270		238,572
				315,572
Independent Power and Renewable Electricity Producers — 0.7%
Calpine Corp.(b) 5.25%, 06/01/26		379		369,487
5.13%, 03/15/28(d)		2,807		2,570,006
5.00%, 02/01/31		3		2,539
Clearway Energy Operating LLC(b) 4.75%, 03/15/28		747		713,385
3.75%, 01/15/32		307		255,142
Greenko Dutch BV, 3.85%, 03/29/26(d)(e)		758		682,444
India Green Energy Holdings, 5.38%, 04/29/24(e)		250		241,250
India Green Power Holdings, 4.00%, 02/22/27(e)		700		593,250
JERA Co., Inc., 3.67%, 04/14/27(e)		200		184,848
NRG Energy, Inc. 6.63%, 01/15/27		618		616,665
5.75%, 01/15/28		52		50,996
5.25%, 06/15/29(b)		394		365,776
3.88%, 02/15/32(b)		317		253,600
ReNew Power Pvt Ltd., 5.88%, 03/05/27(e)		120		111,735
ReNew Wind Energy AP2/ReNew Power Pvt Ltd. other 9 Subsidiaries, 4.50%, 07/14/28(e)		550		462,000
TerraForm Power Operating LLC(b) 5.00%, 01/31/28		231		219,459
4.75%, 01/15/30		127		113,879
TransAlta Corp., 7.75%, 11/15/29		165		173,396
				7,979,857
Industrial Conglomerates — 0.0%
Shanghai Port Group BVI Development 2 Co. Ltd., 1.50%, 07/13/25(e)		200		184,972
Insurance — 4.3%
Acrisure LLC/Acrisure Finance, Inc., 6.00%, 08/01/29(b)		478		394,982
AIA Group Ltd., (5 year CMT + 1.76%), 2.70%(a)(e)(f)		200		171,000
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer(b) 4.25%, 10/15/27		41		36,723
6.75%, 10/15/27(d)		2,839		2,633,172
6.75%, 04/15/28		934		923,493
5.88%, 11/01/29		127		107,098
Allstate Corp., Series B, (3 mo. LIBOR US + 2.94%), 5.75%, 08/15/53(a)		5,000		4,868,891
AmWINS Group, Inc., 4.88%, 06/30/29(b)		551		487,635
Aon Global Ltd., 4.25%, 12/12/42(d)		6,500		5,265,849
Farmers Exchange Capital II, (3 mo. LIBOR US + 3.74%), 6.15%, 11/01/53(a)(b)(d)		4,890		4,854,554
GTCR AP Finance, Inc., 8.00%, 05/15/27(b)		87		83,024
Guoren Property & Casualty Insurance Co. Ltd., 3.35%, 06/01/26(e)		200		172,038

S C H E D U L E  O F  I N V E S T M  E N T S 10

Schedule of Investments (unaudited) (continued) March 31, 2023 BlackRock Credit Allocation Income Trust (BTZ) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Insurance (continued)
Hanwha Life Insurance Co. Ltd., (5 year CMT + 2.00%), 4.70%(a)(e)(f)		USD            200	$	197,788
HUB International Ltd.(b) 7.00%, 05/01/26		1,900		1,867,335
5.63%, 12/01/29		181		157,701
Jones Deslauriers Insurance Management, Inc. 8.50%, 03/15/30		418		433,244
10.50%, 12/15/30(b)		418		421,013
Northwestern Mutual Life Insurance Co., 6.06%, 03/30/40(b)(d)		12,000		12,613,679
Principal Financial Group, Inc., (3 mo. LIBOR US + 3.04%), 7.91%, 05/15/55(a)		5,000		4,962,981
Progressive Corp., Series B, (3 mo. LIBOR US + 2.54%), 7.41%(a)(f)		5,000		4,887,000
Ryan Specialty Group LLC, 4.38%, 02/01/30(b)		308		269,308
				45,808,508
Interactive Media & Services — 0.6%
Baidu, Inc., 1.63%, 02/23/27		200		176,494
Cablevision Lightpath LLC, 5.63%, 09/15/28(b)		540		372,627
Netflix, Inc. 3.63%, 06/15/25(b)		210		203,905
5.88%, 11/15/28(d)		1,698		1,784,343
5.38%, 11/15/29(b)(d)		2,007		2,038,982
4.88%, 06/15/30(b)		461		458,946
Northwest Fiber LLC/Northwest Fiber Finance Sub, Inc., 4.75%, 04/30/27(b)		552		471,588
Tencent Holdings Ltd.(e) 1.81%, 01/26/26		200		183,225
3.60%, 01/19/28		200		188,032
Weibo Corp., 3.50%, 07/05/24		200		194,287
				6,072,429
Internet Software & Services — 1.1%
ANGI Group LLC, 3.88%, 08/15/28(b)		582		442,168
Booking Holdings, Inc., 3.55%, 03/15/28(d)		3,375		3,240,793
Go Daddy Operating Co. LLC/GD Finance Co., Inc., 3.50%, 03/01/29(b)		777		671,818
Match Group Holdings II LLC(b) 4.13%, 08/01/30		383		329,763
3.63%, 10/01/31		217		176,589
Uber Technologies, Inc.(b) 7.50%, 05/15/25		1,590		1,610,388
8.00%, 11/01/26		645		661,273
7.50%, 09/15/27(d)		1,443		1,487,892
6.25%, 01/15/28(d)		2,220		2,214,450
4.50%, 08/15/29(d)		926		843,818
				11,678,952
IT Services — 0.8%
Booz Allen Hamilton, Inc.(b) 3.88%, 09/01/28		561		511,935
4.00%, 07/01/29		945		852,781
CA Magnum Holdings 5.38%, 10/31/26(b)		964		850,730
5.38%, 10/31/26(e)		700		617,750
Camelot Finance SA, 4.50%, 11/01/26(b)		1,348		1,273,860
Dun & Bradstreet Corp., 5.00%, 12/15/29(b)		592		512,596
Fair Isaac Corp., 4.00%, 06/15/28(b)(d)		393		364,507
Gartner, Inc., 4.50%, 07/01/28(b)		545		517,314
McAfee Corp., 7.38%, 02/15/30(b)(d)		1,273		1,067,403
Presidio Holdings, Inc., 4.88%, 02/01/27(b)		73		69,762

Security	Par (000)		Value
IT Services (continued)
Twilio, Inc. 3.63%, 03/15/29		USD            259	$	223,387
3.88%, 03/15/31(d)		558		473,474
Wipro IT Services LLC, 1.50%, 06/23/26(e)		200		179,600
ZoomInfo Technologies LLC/ZoomInfo Finance Corp., 3.88%, 02/01/29(b)(d)		989		856,202
				8,371,301
Leisure Products — 0.1%
Mattel, Inc. 3.75%, 04/01/29(b)		122		109,614
6.20%, 10/01/40		513		462,023
5.45%, 11/01/41		753		634,030
				1,205,667
Machinery(b) — 0.6%
Chart Industries, Inc. 7.50%, 01/01/30		946		977,426
9.50%, 01/01/31		143		150,865
Husky III Holding Ltd., (13.00% Cash or 13.75% PIK), 13.00%, 02/15/25(g)		166		140,270
Madison IAQ LLC, 5.88%, 06/30/29(d)		658		508,305
Terex Corp., 5.00%, 05/15/29		688		640,191
Titan Acquisition Ltd./Titan Co.-Borrower LLC, 7.75%, 04/15/26		1,550		1,298,125
TK Elevator Holdco GmbH, 7.63%, 07/15/28(d)		596		515,087
TK Elevator U.S. Newco, Inc., 5.25%, 07/15/27(d)		2,402		2,267,728
				6,497,997
Media — 8.6%
Altice Financing SA, 5.75%, 08/15/29(b)		2,677		2,128,215
AMC Networks, Inc., 4.25%, 02/15/29		263		161,695
Cable One, Inc. 0.00%, 03/15/26(h)(i)		136		107,304
4.00%, 11/15/30(b)(d)		641		521,755
CCO Holdings LLC/CCO Holdings Capital Corp.(b) 5.00%, 02/01/28		7		6,458
6.38%, 09/01/29(d)		7,984		7,624,720
4.75%, 03/01/30(d)		267		231,327
4.50%, 08/15/30(d)		211		178,295
4.25%, 02/01/31(d)		1,749		1,430,087
7.38%, 03/01/31(d)		558		549,281
4.75%, 02/01/32		381		319,984
4.25%, 01/15/34(d)		3,290		2,573,175
Charter Communications Operating LLC/Charter Communications Operating Capital 6.38%, 10/23/35		479		477,187
6.48%, 10/23/45		9,584		9,079,839
5.38%, 05/01/47(d)		1,500		1,237,572
6.83%, 10/23/55		3,540		3,439,290
Clear Channel Outdoor Holdings, Inc.(b)(d) 5.13%, 08/15/27		5,636		5,058,310
7.75%, 04/15/28		3,011		2,258,250
Comcast Corp.(d) 3.75%, 04/01/40		545		467,826
2.99%, 11/01/63		5,558		3,603,708
Connect Finco SARL/Connect U.S. Finco LLC, 6.75%, 10/01/26(b)		4,099		3,853,060
Cox Communications, Inc., 8.38%, 03/01/39(b)(d)		5,000		6,216,729
CSC Holdings LLC 5.25%, 06/01/24(d)		1,125		1,085,625
5.38%, 02/01/28(b)		336		275,272

11

Schedule of Investments (unaudited) (continued) March 31, 2023 BlackRock Credit Allocation Income Trust (BTZ) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Media (continued)
CSC Holdings LLC (continued) 4.13%, 12/01/30(b)(d)		USD            641	$	460,360
4.50%, 11/15/31(b)		3,766		2,715,324
Directv Financing LLC/Directv Financing Co.-Obligor, Inc., 5.88%, 08/15/27(b)(d)		897		812,413
Discovery Communications LLC, 4.88%, 04/01/43(d)		4,000		3,244,774
DISH DBS Corp. 7.75%, 07/01/26(d)		1,110		732,600
5.25%, 12/01/26(b)		2,739		2,185,434
5.75%, 12/01/28(b)(d)		1,022		762,667
DISH Network Corp., 11.75%, 11/15/27(b)		276		267,720
Frontier Communications Holdings LLC(b) 5.00%, 05/01/28		391		339,294
8.75%, 05/15/30		2,693		2,682,255
GCI LLC, 4.75%, 10/15/28(b)		160		138,037
Globe Telecom, Inc., (5 year CMT + 5.53%), 4.20%(a)(e)(f)		700		634,944
HKT Capital No. 4 Ltd., 3.00%, 07/14/26(e)		200		187,412
Iliad Holding SASU(b) 6.50%, 10/15/26(d)		820		781,476
7.00%, 10/15/28		1,735		1,646,151
Interpublic Group of Cos., Inc., 5.40%, 10/01/48		2,215		2,131,716
LCPR Senior Secured Financing DAC, 6.75%, 10/15/27(b)		860		812,270
Ligado Networks LLC, (15.50% PIK), 15.50%, 11/01/23(b)(g)		500		119,851
Lions Gate Capital Holdings LLC, 5.50%, 04/15/29(b)		388		255,110
Live Nation Entertainment, Inc.(b) 4.88%, 11/01/24		136		133,280
5.63%, 03/15/26		25		24,187
6.50%, 05/15/27(d)		2,865		2,895,782
4.75%, 10/15/27		711		657,675
3.75%, 01/15/28		155		138,725
Network i2i Ltd., (5 year CMT + 4.27%), 5.65%(a)(e)(f)		695		656,905
Outfront Media Capital LLC/Outfront Media Capital Corp.(b) 5.00%, 08/15/27(d)		998		899,028
4.25%, 01/15/29(d)		390		323,700
4.63%, 03/15/30		222		185,141
Paramount Global, 5.85%, 09/01/43(d)		1,300		1,123,597
Radiate Holdco LLC/Radiate Finance, Inc.(b) 4.50%, 09/15/26(d)		1,228		960,910
6.50%, 09/15/28		2,638		1,081,580
Sinclair Television Group, Inc., 4.13%, 12/01/30(b)		817		658,706
Sirius XM Radio, Inc., 5.00%, 08/01/27(b)		651		609,473
Stagwell Global LLC, 5.63%, 08/15/29(b)		209		183,280
TEGNA, Inc., 4.75%, 03/15/26(b)		64		60,711
Telenet Finance Luxembourg Notes SARL, 5.50%, 03/01/28(b)		1,000		920,000
Time Warner Cable LLC, 6.55%, 05/01/37		3,519		3,468,653
Univision Communications, Inc.(b) 6.63%, 06/01/27		113		107,147
7.38%, 06/30/30(d)		344		325,231
UPC Broadband Finco BV, 4.88%, 07/15/31(b)		534		461,766
Virgin Media Vendor Financing Notes IV DAC, 5.00%, 07/15/28(b)		1,452		1,290,465

Security	Par (000)		Value
Media (continued)
Ziggo Bond Co. BV, 6.00%, 01/15/27(b)(d)		USD            955	$	881,093
Ziggo BV, 4.88%, 01/15/30(b)		605		515,762
				92,357,569
Metals & Mining — 2.0%
ABJA Investment Co. Pte. Ltd.(e) 4.45%, 07/24/23		200		198,250
5.45%, 01/24/28		306		295,539
Arconic Corp.(b) 6.00%, 05/15/25		705		705,000
6.13%, 02/15/28(d)		607		597,110
ATI, Inc. 5.88%, 12/01/27		374		365,361
5.13%, 10/01/31		656		596,960
Big River Steel LLC/BRS Finance Corp., 6.63%, 01/31/29(b)		2,606		2,586,090
Carpenter Technology Corp. 6.38%, 07/15/28		58		56,574
7.63%, 03/15/30(d)		108		111,709
Chinalco Capital Holdings Ltd., 2.13%, 06/03/26(e)		200		183,988
Constellium SE(b) 5.88%, 02/15/26		996		997,096
3.75%, 04/15/29		1,731		1,499,410
JSW Steel Ltd., 3.95%, 04/05/27(e)		500		430,000
Kaiser Aluminum Corp.(b) 4.63%, 03/01/28(d)		944		840,180
4.50%, 06/01/31		700		574,847
New Gold, Inc., 7.50%, 07/15/27(b)		1,357		1,306,207
Novelis Corp.(b) 3.25%, 11/15/26		538		491,659
4.75%, 01/30/30(d)		3,326		3,055,912
3.88%, 08/15/31		932		784,968
Periama Holdings LLC, 5.95%, 04/19/26(e)		200		188,250
Roller Bearing Co. of America, Inc., 4.38%, 10/15/29(b)		249		222,335
Southern Copper Corp., 5.88%, 04/23/45(d)		3,870		3,996,355
Steel Dynamics, Inc., 3.25%, 10/15/50(d)		1,145		799,303
Vedanta Resources Finance II PLC(e) 13.88%, 01/21/24		400		320,325
8.95%, 03/11/25		200		122,000
				21,325,428
Offshore Drilling & Other Services — 0.1%
Entegris, Inc.(b) 4.38%, 04/15/28		176		159,003
3.63%, 05/01/29		305		263,264
Lam Research Corp., 4.88%, 03/15/49(d)		875		866,578
				1,288,845
Oil, Gas & Consumable Fuels — 13.8%
Aethon United BR LP/Aethon United Finance Corp., 8.25%, 02/15/26(b)		855		838,943
Antero Midstream Partners LP/Antero Midstream Finance Corp.(b) 5.75%, 03/01/27		95		92,817
5.75%, 01/15/28		127		121,920
5.38%, 06/15/29		1,095		1,030,549
Apache Corp. 4.25%, 01/15/30(d)		383		349,488
5.10%, 09/01/40		11		9,323

S C H E D U L E  O F  I N V E S T M  E N T S 12

Schedule of Investments (unaudited) (continued) March 31, 2023 BlackRock Credit Allocation Income Trust (BTZ) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Oil, Gas & Consumable Fuels (continued)
Apache Corp. (continued) 5.35%, 07/01/49		USD            198	$	153,022
Ascent Resources Utica Holdings LLC/ARU Finance Corp.(b) 9.00%, 11/01/27		680		826,035
5.88%, 06/30/29		2		1,765
Buckeye Partners LP 4.13%, 03/01/25(b)		594		561,875
5.85%, 11/15/43		383		289,199
5.60%, 10/15/44		191		135,255
Callon Petroleum Co. 8.25%, 07/15/25		69		68,517
6.38%, 07/01/26		245		232,750
8.00%, 08/01/28(b)		1,208		1,196,766
7.50%, 06/15/30(b)		1,075		1,010,500
Cheniere Energy Partners LP 4.50%, 10/01/29		1,571		1,459,476
4.00%, 03/01/31		430		382,674
3.25%, 01/31/32(d)		1,218		1,006,214
Chesapeake Energy Corp.(b) 5.88%, 02/01/29		80		76,151
6.75%, 04/15/29		869		862,708
CNOOC Finance 2014 ULC, Series 2014, 4.88%, 04/30/44		250		235,594
CNOOC Finance 2015 USA LLC, Series 2015, 3.50%, 05/05/25		250		243,016
CNOOC Petroleum North America ULC, 6.40%, 05/15/37		2,000		2,213,980
CNX Resources Corp.(b)
6.00%, 01/15/29		46		43,010
7.38%, 01/15/31(d)		327		322,095
Comstock Resources, Inc.(b)(d) 6.75%, 03/01/29		792		724,712
5.88%, 01/15/30		988		848,838
CQP Holdco LP/BIP-V Chinook Holdco LLC, 5.50%, 06/15/31(b)		2,468		2,218,362
Crescent Energy Finance LLC(b) 7.25%, 05/01/26		1,096		1,030,240
9.25%, 02/15/28(d)		403		386,376
Crestwood Midstream Partners LP/Crestwood Midstream Finance Corp.(b) 6.00%, 02/01/29		437		416,020
8.00%, 04/01/29		142		144,840
7.38%, 02/01/31		417		417,000
CrownRock LP/CrownRock Finance, Inc.(b) 5.63%, 10/15/25(d)		1,399		1,371,102
5.00%, 05/01/29		56		52,170
DCP Midstream Operating LP(b) 6.45%, 11/03/36		177		183,574
6.75%, 09/15/37		1,218		1,321,201
Devon Energy Corp. 8.25%, 08/01/23(d)		811		814,451
5.25%, 09/15/24		100		100,244
5.25%, 10/15/27		130		130,029
5.88%, 06/15/28		204		207,802
4.50%, 01/15/30		117		111,741
Diamondback Energy, Inc.(d) 3.50%, 12/01/29		692		632,325
6.25%, 03/15/33		2,880		3,043,520
DT Midstream, Inc.(b) 4.13%, 06/15/29(d)		591		518,131

Security	Par (000)		Value
Oil, Gas & Consumable Fuels (continued)
DT Midstream, Inc.(b) (continued) 4.38%, 06/15/31		USD            568	$	494,836
Dycom Industries, Inc., 4.50%, 04/15/29(b)		26		23,465
Earthstone Energy Holdings LLC, 8.00%, 04/15/27(b)(d)		444		430,826
eG Global Finance PLC(b) 6.75%, 02/07/25		503		465,547
8.50%, 10/30/25(d)		787		736,648
Enbridge, Inc.(a)
(3 mo. LIBOR US + 3.64%), 6.25%, 03/01/78		5,000		4,546,995
Series 16-A, (3 mo. LIBOR US + 3.89%), 6.00%, 01/15/77		5,880		5,428,387
Endeavor Energy Resources LP/EER Finance, Inc., 5.75%, 01/30/28(b)		518		514,115
Energy Transfer LP 5.50%, 06/01/27		406		410,355
6.13%, 12/15/45(d)		3,579		3,459,617
Series B, (3 mo. LIBOR US + 4.16%), 6.63%(a)(f)		5,000		3,724,117
Series H, (5 year CMT + 5.69%), 6.50%(a)(d)(f)		121		106,480
EnLink Midstream LLC 5.63%, 01/15/28(b)		594		582,120
5.38%, 06/01/29		423		407,137
6.50%, 09/01/30(b)		347		350,890
EnLink Midstream Partners LP 4.15%, 06/01/25		20		19,400
4.85%, 07/15/26		64		61,600
5.60%, 04/01/44		626		510,922
5.45%, 06/01/47		215		171,351
Enterprise Products Operating LLC(d) 4.90%, 05/15/46		5,375		4,956,108
Series E, (3 mo. LIBOR US + 3.03%), 5.25%, 08/16/77(a)		4,800		4,058,977
EQM Midstream Partners LP 6.00%, 07/01/25(b)		50		49,430
4.13%, 12/01/26		226		205,240
7.50%, 06/01/30(b)		141		136,594
4.75%, 01/15/31(b)		802		665,660
Exxon Mobil Corp., 3.45%, 04/15/51(d)		3,890		3,097,286
Genesis Energy LP/Genesis Energy Finance Corp. 6.50%, 10/01/25		99		95,896
7.75%, 02/01/28		368		356,801
8.88%, 04/15/30		232		234,900
Gulfport Energy Corp., 8.00%, 05/17/26(b)		52		51,975
Harbour Energy PLC, 5.50%, 10/15/26(b)		200		175,000
Harvest Midstream I LP, 7.50%, 09/01/28(b)		115		114,692
Hess Corp., 5.80%, 04/01/47(d)		5,000		4,897,778
Hess Midstream Operations LP, 4.25%, 02/15/30(b)(d)		497		443,871
Hilcorp Energy I LP/Hilcorp Finance Co.(b)
6.25%, 11/01/28		238		225,859
5.75%, 02/01/29		318		292,733
6.00%, 02/01/31		51		46,958
ITT Holdings LLC, 6.50%, 08/01/29(b)		711		600,312
Kinder Morgan, Inc. 7.80%, 08/01/31		197		225,633
7.75%, 01/15/32(d)		4,586		5,332,369
Kinetik Holdings LP, 5.88%, 06/15/30(b)(d)		897		863,362
Magnolia Oil & Gas Operating LLC/Magnolia Oil & Gas Finance Corp., 6.00%, 08/01/26(b)		58		56,396
Marathon Petroleum Corp., 5.13%, 12/15/26(d)		937		945,627
Matador Resources Co., 5.88%, 09/15/26		415		409,447
Medco Bell Pte. Ltd., 6.38%, 01/30/27(e)		300		271,500

13

Schedule of Investments (unaudited) (continued) March 31, 2023 BlackRock Credit Allocation Income Trust (BTZ) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Oil, Gas & Consumable Fuels (continued)
Medco Laurel Tree Pte. Ltd., 6.95%, 11/12/28(e)		USD            400	$	351,825
Medco Oak Tree Pte. Ltd., 7.38%, 05/14/26(e)		200		191,000
MPLX LP 5.20%, 03/01/47(d)		3,500		3,135,210
4.70%, 04/15/48(d)		5,000		4,198,254
5.50%, 02/15/49(d)		2,640		2,455,563
5.65%, 03/01/53		885		851,078
Murphy Oil Corp. 5.75%, 08/15/25		2		1,975
5.88%, 12/01/27		46		44,801
6.13%, 12/01/42		47		38,940
Murphy Oil USA, Inc., 4.75%, 09/15/29		323		294,224
Nabors Industries Ltd.(b) 7.25%, 01/15/26		260		247,975
7.50%, 01/15/28		794		732,784
Nabors Industries, Inc.(d) 5.75%, 02/01/25		1,179		1,142,156
7.38%, 05/15/27(b)		692		677,731
New Fortress Energy, Inc.(b) 6.75%, 09/15/25		1,467		1,411,987
6.50%, 09/30/26		1,605		1,476,600
NGL Energy Operating LLC/NGL Energy Finance Corp., 7.50%, 02/01/26(b)(d)		394		380,164
NGPL PipeCo LLC, 7.77%, 12/15/37(b)(d)		1,117		1,230,895
Northern Oil & Gas, Inc., 8.13%, 03/01/28(b)		1,473		1,461,142
NuStar Logistics LP 6.00%, 06/01/26		373		365,618
6.38%, 10/01/30		45		43,178
Occidental Petroleum Corp. 6.95%, 07/01/24		43		43,541
5.88%, 09/01/25		195		196,515
8.88%, 07/15/30		159		184,939
6.63%, 09/01/30(d)		1,748		1,840,941
6.13%, 01/01/31		41		42,538
7.50%, 05/01/31		14		15,441
6.45%, 09/15/36(d)		417		438,446
6.20%, 03/15/40		1,401		1,408,565
6.60%, 03/15/46		46		48,364
PDC Energy, Inc., 5.75%, 05/15/26		759		738,849
Permian Resources Operating LLC(b) 5.38%, 01/15/26		64		60,661
7.75%, 02/15/26		644		645,610
6.88%, 04/01/27		309		302,301
5.88%, 07/01/29		571		540,674
Pertamina Persero PT(e) 1.40%, 02/09/26		250		226,368
2.30%, 02/09/31		200		164,772
Petroleos Mexicanos 4.63%, 09/21/23(d)		3,965		3,921,385
6.70%, 02/16/32		695		550,996
Petronas Capital Ltd.(e) 2.48%, 01/28/32		200		169,788
4.50%, 03/18/45		200		186,475
Plains All American Pipeline LP, Series B, (3 mo. LIBOR US + 4.11%), 8.97%(a)(f)		2,215		1,960,783
Precision Drilling Corp., 6.88%, 01/15/29(b)		18		16,335
Range Resources Corp., 4.88%, 05/15/25		30		29,412
Reliance Industries Ltd., 3.67%, 11/30/27(e)		300		282,507
Rockcliff Energy II LLC, 5.50%, 10/15/29(b)		191		169,277

Security	Par (000)		Value
Oil, Gas & Consumable Fuels (continued)
Rockies Express Pipeline LLC, 6.88%, 04/15/40(b)		USD            580	$	483,282
Sabine Pass Liquefaction LLC(d) 5.75%, 05/15/24		2,575		2,581,116
5.88%, 06/30/26		1,481		1,511,375
Sinopec Group Overseas Development 2017 Ltd., 3.63%, 04/12/27(e)		200		194,446
Sinopec Group Overseas Development 2018 Ltd., 2.30%, 01/08/31(d)(e)		500		430,710
SM Energy Co. 5.63%, 06/01/25		196		190,041
6.75%, 09/15/26(d)		327		320,676
6.63%, 01/15/27		75		72,049
6.50%, 07/15/28		132		125,962
Southwestern Energy Co. 5.70%, 01/23/25		29		29,014
5.38%, 02/01/29(d)		308		290,290
4.75%, 02/01/32		8		7,064
Summit Digitel Infrastructure Ltd., 2.88%, 08/12/31(e)		200		156,806
Sunoco LP/Sunoco Finance Corp. 6.00%, 04/15/27		141		139,207
5.88%, 03/15/28		317		304,320
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.(b) 7.50%, 10/01/25		41		40,982
6.00%, 03/01/27		150		141,989
5.50%, 01/15/28		52		47,547
6.00%, 12/31/30		102		91,160
6.00%, 09/01/31		239		211,340
Tap Rock Resources LLC, 7.00%, 10/01/26(b)		1,368		1,198,447
TransCanada PipeLines Ltd., 4.88%, 05/15/48(d)		4,000		3,604,174
Transcanada Trust, (3 mo. LIBOR US + 3.53%), 5.63%, 05/20/75(a)(d)		2,755		2,562,318
Transocean Titan Financing Ltd., 8.38%, 02/01/28(b)		269		276,820
Transocean, Inc.(b) 7.50%, 01/15/26(d)		700		635,572
11.50%, 01/30/27		53		54,738
8.75%, 02/15/30		1,606		1,638,120
Venture Global Calcasieu Pass LLC(b) 3.88%, 08/15/29		1,693		1,527,086
4.13%, 08/15/31		1,574		1,382,885
3.88%, 11/01/33(d)		2,330		1,957,200
Vermilion Energy, Inc., 6.88%, 05/01/30(b)		270		245,887
Western Midstream Operating LP 5.45%, 04/01/44		12		10,464
5.30%, 03/01/48(d)		945		800,708
5.50%, 08/15/48		117		100,757
5.50%, 02/01/50		1,445		1,226,082
Williams Cos., Inc.(d) 4.55%, 06/24/24		527		523,157
8.75%, 03/15/32		2,478		2,977,995
5.10%, 09/15/45		5,075		4,641,473
Woodside Finance Ltd., 3.70%, 09/15/26(e)		200		191,810
				147,535,184
Passenger Airlines — 1.6%
Air Canada, 3.88%, 08/15/26(b)(d)		549		498,493
Allegiant Travel Co., 7.25%, 08/15/27(b)		183		182,176
American Airlines, Inc. 5.18%, 10/15/23(c)		837		830,651
11.75%, 07/15/25(b)		1,475		1,613,709

S C H E D U L E  O F  I N V E S T M  E N T S 14

Schedule of Investments (unaudited) (continued) March 31, 2023 BlackRock Credit Allocation Income Trust (BTZ) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Passenger Airlines (continued)
American Airlines, Inc. (continued) 7.25%, 02/15/28(b)		USD            137	$	133,232
American Airlines, Inc./AAdvantage Loyalty IP Ltd.(b) 5.50%, 04/20/26		303		298,097
5.75%, 04/20/29(d)		1,845		1,769,898
Hawaiian Brand Intellectual Property Ltd./HawaiianMiles Loyalty Ltd., 5.75%, 01/20/26(b)(d)		531		504,108
Mileage Plus Holdings LLC/Mileage Plus Intellectual Property Assets Ltd., 6.50%, 06/20/27(b)(d)		1,857		1,850,846
Singapore Airlines Ltd., 3.00%, 07/20/26(e)		200		190,500
Turkish Airlines Pass-Through Trust, Series 2015-1, Class A, 4.20%, 09/15/28(b)		1,548		1,355,229
United Airlines Pass-Through Trust, Series 2020-1, Class A, 5.88%, 04/15/29(d)		5,122		5,107,064
United Airlines, Inc.(b)
4.38%, 04/15/26(d)		1,154		1,104,047
4.63%, 04/15/29		1,362		1,231,931
				16,669,981
Pharmaceuticals — 3.8%
AbbVie, Inc.(d)
4.75%, 03/15/45		5,485		5,175,109
4.70%, 05/14/45		3,255		3,050,022
CVS Health Corp.(d)
5.13%, 07/20/45		3,879		3,679,853
5.05%, 03/25/48		8,205		7,675,828
Jazz Securities DAC, 4.38%, 01/15/29(b)		853		784,760
Merck & Co., Inc., 6.50%, 12/01/33(d)		6,420		7,532,586
Option Care Health, Inc., 4.38%, 10/31/29(b)		461		407,104
Organon & Co./Organon Foreign Debt Co.-Issuer BV(b)
4.13%, 04/30/28		1,633		1,492,742
5.13%, 04/30/31(d)		1,599		1,419,340
PRA Health Sciences, Inc., 2.88%, 07/15/26(b)		1,021		941,781
Prestige Brands, Inc., 3.75%, 04/01/31(b)		318		269,534
Takeda Pharmaceutical Co. Ltd., 2.05%, 03/31/30(d)		8,270		6,983,137
Teva Pharmaceutical Finance Netherlands III BV
3.15%, 10/01/26		526		473,071
4.75%, 05/09/27		200		186,000
7.88%, 09/15/29		451		470,168
8.13%, 09/15/31		200		209,350
				40,750,385
Real Estate — 0.0%
VICI Properties LP/VICI Note Co., Inc., 4.50%, 01/15/28(b)		430		398,201
Real Estate Management & Development — 1.3%
Agile Group Holdings Ltd.(e) 5.75%, 01/02/25		200		106,000
6.05%, 10/13/25		200		91,913
AYC Finance Ltd., 3.90%(e)(f)		300		189,431
China Aoyuan Group Ltd.(j)(k) 7.95%, 02/19/23		230		20,700
6.20%, 03/24/26(e)		420		37,800
China Overseas Finance Cayman VII Ltd., 4.75%, 04/26/28(e)		200		196,100
China Resources Land Ltd., 3.75%, 08/26/24(e)		200		195,225
CIFI Holdings Group Co. Ltd.(e)(j)(k) 6.55%, 03/28/24		450		92,250

Security	Par (000)		Value
Real Estate Management & Development (continued)
CIFI Holdings Group Co. Ltd.(e)(j)(k) (continued) 6.45%, 11/07/24		USD            250	$	51,250
Easy Tactic Ltd., (6.50% Cash or 7.50% PIK), 7.50%, 07/11/25(g)		216		56,449
Fantasia Holdings Group Co. Ltd., 7.95%, 07/05/22(j)(k)		1,050		110,387
Global Prime Capital Pte. Ltd., 5.95%, 01/23/25(e)		200		191,725
Greystar Real Estate Partners LLC, 5.75%, 12/01/25(b)		360		350,662
Howard Hughes Corp.(b) 5.38%, 08/01/28		443		403,400
4.13%, 02/01/29		176		149,060
4.38%, 02/01/31		46		37,030
Kaisa Group Holdings Ltd.(j)(k) 11.50%, 01/30/23		200		23,000
9.75%, 09/28/23(e)		200		23,000
11.95%, 11/12/23(e)		249		28,635
KWG Group Holdings Ltd., 5.88%, 11/10/24(e)		400		106,000
Modern Land China Co. Ltd.(e)(j)(k) 8.00%, 12/30/24		219		14,830
9.00%, 12/30/25		253		16,954
9.00%, 12/30/27		492		32,222
(2.00% Cash or 2.00% PIK), 9.00%, 12/30/26		337		22,816
New Metro Global Ltd., 4.50%, 05/02/26(e)		349		226,850
Northwest Florida Timber Finance LLC, 4.75%, 03/04/29(b)(d)		4,485		4,241,664
Pakuwon Jati Tbk PT, 4.88%, 04/29/28(e)		500		439,156
Powerlong Real Estate Holdings Ltd.(e) 6.25%, 08/10/24		200		47,038
5.95%, 04/30/25		200		44,850
Realogy Group LLC/Realogy Co.-Issuer Corp.(b) 5.75%, 01/15/29		362		270,943
5.25%, 04/15/30		263		191,695
Redsun Properties Group Ltd., 10.50%, 10/03/22(j)(k)		200		23,000
RKPF Overseas Ltd.(e)
Series 2019-A, 5.90%, 03/05/25		200		167,000
Series 2020-A, 5.20%, 01/12/26		306		219,134
Ronshine China Holdings Ltd., 7.10%, 01/25/25(e)(j)(k)		200		13,500
Shimao Group Holdings Ltd., 3.45%, 01/11/31(e)(j)(k)		200		27,500
Shui On Development Holding Ltd.(e) 5.75%, 11/12/23		225		219,937
5.50%, 03/03/25		230		195,471
Sinochem Offshore Capital Co. Ltd., 1.50%, 09/23/26(e)		200		176,574
Starwood Property Trust, Inc., 4.38%, 01/15/27(b)		150		123,969
Sunac China Holdings Ltd., 7.00%, 07/09/25(e)(j)(k)		782		181,815
Theta Capital Pte. Ltd., 8.13%, 01/22/25(e)		200		160,662
Times China Holdings Ltd.(e)(j)(k) 6.75%, 07/08/25		570		85,500
5.75%, 01/14/27		326		47,433
Vanke Real Estate Hong Kong Co. Ltd., 4.15%, 04/18/23(e)		200		199,520
VICI Properties LP, 5.13%, 05/15/32		3,155		2,972,452
Wanda Properties International Co. Ltd., 7.25%, 01/29/24(e)		285		254,772
Wharf REIC Finance BVI Ltd., 2.88%, 05/07/30(e)		200		176,287
Yango Justice International Ltd.(e)(j)(k) 8.25%, 11/25/23		200		4,000
7.50%, 04/15/24		200		4,000

15

Schedule of Investments (unaudited) (continued) March 31, 2023 BlackRock Credit Allocation Income Trust (BTZ) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Real Estate Management & Development (continued)
Yanlord Land HK Co. Ltd.(e) 6.80%, 02/27/24(d)		USD            200	$	194,000
5.13%, 05/20/26		200		168,500
Yuzhou Group Holdings Co. Ltd.(e)(j)(k) 7.70%, 02/20/25		200		17,500
7.38%, 01/13/26		1,300		113,750
Zhenro Properties Group Ltd., 7.35%, 02/05/25(e)(j)(k)		233		17,475
				13,772,786
Semiconductors & Semiconductor Equipment — 2.5%
Broadcom, Inc., 5.00%, 04/15/30(d)		10,970		10,898,459
NVIDIA Corp.(d) 3.50%, 04/01/50		2,785		2,279,968
3.70%, 04/01/60		1,760		1,412,847
NXP BV/NXP Funding LLC/NXP USA, Inc. 4.40%, 06/01/27		750		736,962
3.40%, 05/01/30(d)		1,755		1,572,699
QUALCOMM, Inc. 4.30%, 05/20/47		3,500		3,245,233
6.00%, 05/20/53(d)		1,993		2,264,335
Sensata Technologies B.V.(b) 5.63%, 11/01/24		695		692,932
5.00%, 10/01/25		572		567,810
4.00%, 04/15/29		207		187,019
5.88%, 09/01/30		383		379,649
Sensata Technologies, Inc., 4.38%, 02/15/30(b)		2,150		1,958,992
SK Hynix, Inc., 1.50%, 01/19/26(e)		200		177,350
Synaptics, Inc., 4.00%, 06/15/29(b)		16		13,778
TSMC Global Ltd., 2.25%, 04/23/31(e)		250		210,393
				26,598,426
Software — 2.0%
Alteryx, Inc., 8.75%, 03/15/28		349		351,258
Black Knight InfoServ LLC, 3.63%, 09/01/28(b)		859		780,616
Boxer Parent Co., Inc.(b) 7.13%, 10/02/25		764		760,358
9.13%, 03/01/26		336		325,826
Central Parent, Inc./CDK Global, Inc., 7.25%, 06/15/29(b)(d)		819		804,978
Cloud Software Group Holdings, Inc., 6.50%, 03/31/29(b)(d)		3,846		3,402,187
Crowdstrike Holdings, Inc., 3.00%, 02/15/29		61		53,236
Elastic NV, 4.13%, 07/15/29(b)		718		612,992
Helios Software Holdings, Inc./ION Corporate Solutions Finance SARL, 4.63%, 05/01/28(b)		205		166,556
Iron Mountain Information Management Services, Inc., 5.00%, 07/15/32(b)		234		200,943
MicroStrategy, Inc., 6.13%, 06/15/28(b)		180		159,750
MSCI, Inc.(b) 3.63%, 09/01/30		81		70,414
3.88%, 02/15/31		707		629,301
3.25%, 08/15/33		173		141,678
Open Text Corp., 6.90%, 12/01/27(b)		898		926,377
Oracle Corp.(d) 6.15%, 11/09/29		2,385		2,540,330
3.95%, 03/25/51		4,425		3,329,713
5.55%, 02/06/53		1,280		1,218,613
PTC, Inc.(b) 3.63%, 02/15/25		166		160,094

Security	Par (000)		Value
Software (continued)
PTC, Inc.(b) (continued) 4.00%, 02/15/28		USD            365	$	341,080
SS&C Technologies, Inc., 5.50%, 09/30/27(b)		3,719		3,608,540
Veritas U.S., Inc./Veritas Bermuda Ltd., 7.50%, 09/01/25(b)(d)		955		718,886
				21,303,726
Specialized REITs — 0.1%
Uniti Group LP/Uniti Group Finance, Inc./CSL Capital LLC, 10.50%, 02/15/28(b)		754		731,380
Specialty Retail(b) — 0.2%
PetSmart, Inc./PetSmart Finance Corp. 4.75%, 02/15/28		481		451,539
7.75%, 02/15/29(d)		1,317		1,292,780
Staples, Inc., 7.50%, 04/15/26		617		540,572
				2,284,891
Technology Hardware, Storage & Peripherals — 0.6%
Coherent Corp., 5.00%, 12/15/29(b)		886		804,222
Dell International LLC/EMC Corp.(d) 5.85%, 07/15/25		2,395		2,434,270
8.35%, 07/15/46		2,355		2,868,823
				6,107,315
Textiles, Apparel & Luxury Goods(b) — 0.1%
Crocs, Inc., 4.13%, 08/15/31		244		201,032
Hanesbrands, Inc., 9.00%, 02/15/31		440		450,450
Levi Strauss & Co., 3.50%, 03/01/31		498		424,545
William Carter Co., 5.63%, 03/15/27		365		354,766
				1,430,793
Tobacco — 2.5%
Altria Group, Inc., 10.20%, 02/06/39		13,392		18,772,405
BAT Capital Corp., 4.54%, 08/15/47(d)		3,000		2,234,191
BAT International Finance PLC, 1.67%, 03/25/26(d)		4,350		3,958,471
Reynolds American, Inc., 5.85%, 08/15/45(d)		2,335		2,105,141
				27,070,208
Transportation Infrastructure — 0.6%
FedEx Corp., 5.25%, 05/15/50(d)		6,000		5,876,982
SF Holding Investment 2021 Ltd., 2.38%, 11/17/26(e)		200		183,037
Signature Aviation U.S. Holdings, Inc., 4.00%, 03/01/28(b)		541		499,073
				6,559,092
Utilities — 0.3%
Abu Dhabi National Energy Co. PJSC, 4.38%, 04/23/25(e)		200		198,250
China Huaneng Group Hong Kong Treasury Management Holding Ltd., 1.60%, 01/20/26(e)		200		184,746
Consensus Cloud Solutions, Inc., 6.50%, 10/15/28(b)		286		237,180
Korea Western Power Co. Ltd., 4.13%, 06/28/25(e)		200		196,020
Minejesa Capital BV, 4.63%, 08/10/30(e)		200		175,522
Mong Duong Finance Holdings BV, 5.13%, 05/07/29(e)		605		509,826
Pattern Energy Operations LP/Pattern Energy Operations, Inc., 4.50%, 08/15/28(b)		668		611,116
Star Energy Geothermal Darajat II/Star Energy Geothermal Salak, 4.85%, 10/14/38(e)		200		171,037
Three Gorges Finance I Cayman Islands Ltd., 3.15%, 06/02/26(e)		200		191,632

S C H E D U L E   O F  I N V E S T  M E N T S 16

Schedule of Investments (unaudited) (continued) March 31, 2023 BlackRock Credit Allocation Income Trust (BTZ) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Utilities (continued)
Vistra Operations Co. LLC(b)
5.50%, 09/01/26		USD              23	$	22,329
5.63%, 02/15/27(d)		812		787,936
5.00%, 07/31/27		23		21,746
4.38%, 05/01/29		268		237,291
				3,544,631
Wireless Telecommunication Services — 1.4%
Altice France SA/France(b)
5.13%, 01/15/29		1,546		1,178,098
5.13%, 07/15/29		796		598,990
5.50%, 10/15/29		319		243,925
American Tower Corp., 3.60%, 01/15/28(d)		4,000		3,752,843
Crown Castle, Inc., 4.15%, 07/01/50(d)		820		655,313
Digicel International Finance Ltd./Digicel international Holdings Ltd., 8.75%, 05/25/24(b)		635		577,850
SBA Communications Corp.
3.13%, 02/01/29(d)		3,072		2,672,456
3.88%, 02/15/27		30		28,321
Sprint LLC, 7.63%, 03/01/26		1,096		1,158,998
T-Mobile USA, Inc.
4.75%, 02/01/28(d)		1,013		1,000,042
2.63%, 02/15/29		438		385,883
3.38%, 04/15/29(d)		676		616,301
2.88%, 02/15/31		235		202,720
3.50%, 04/15/31(d)		990		890,177
Vmed O2 U.K. Financing I PLC, 4.75%, 07/15/31(b)		934		800,644
				14,762,561
Total Corporate Bonds — 110.3% (Cost: $1,246,005,392)				1,180,218,261
Floating Rate Loan Interests
Aerospace & Defense(a) — 0.2%
Atlas CC Acquisition Corp.
Term Loan B, (3 mo. SOFR CME at 0.75% Floor + 4.25%), 9.40%, 05/25/28		340		291,498
Term Loan C, (3 mo. SOFR CME at 0.75% Floor + 4.25%), 9.40%, 05/25/28		44		37,709
Cobham Ultra U.S. Co-Borrower LLC, USD Term Loan B, (6 mo. LIBOR US at 0.50% Floor + 3.50%), 8.56%, 08/03/29		100		97,158
Dynasty Acquisition Co., Inc.
2020 CAD Term Loan B2, (1 mo. SOFR CME + 3.50%), 8.41%, 04/06/26		69		67,527
2020 Term Loan B1, (1 mo. SOFR CME + 3.50%), 8.41%, 04/06/26		129		125,611
Peraton Corp.
2nd Lien Term Loan B1, (3 mo. LIBOR US at 0.75% Floor + 7.75%), 12.65%, 02/01/29		113		109,532
Term Loan B, (1 mo. LIBOR US at 0.75% Floor + 3.75%), 8.59%, 02/01/28		604		595,070
TransDigm, Inc., 2023 Term Loan I, (3 mo. SOFR CME + 3.25%), 8.15%, 08/24/28		315		313,706
				1,637,811

Security	Par (000)		Value
Air Freight & Logistics(a) — 0.0%
AIT Worldwide Logistics Holdings, Inc., 2021 Term Loan, (3 mo. LIBOR US at 0.75% Floor + 4.75%), 9.45%, 04/06/28		USD              99	$	95,126
Kestrel Bidco, Inc., Term Loan B, (1 mo. SOFR CME at 1.00% Floor + 3.00%), 7.86%, 12/11/26		29		28,292
PECF USS Intermediate Holding III Corp., Term Loan B, (1 mo. LIBOR US at 0.50% Floor + 4.25%), 9.09%, 12/15/28		132		110,579
				233,997
Automobile Components(a) — 0.1%
Clarios Global LP, 2021 USD Term Loan B, (1 mo. LIBOR US + 3.25%), 8.09%, 04/30/26		602		597,485
Wand NewCo 3, Inc., 2020 Term Loan, (1 mo. LIBOR US + 2.75%), 7.59%, 02/05/26		338		331,292
				928,777
Banks(a) — 0.0%
DirecTV Financing LLC, Term Loan, (1 mo. LIBOR US at 0.75% Floor + 5.00%), 9.84%, 08/02/27		346		331,921
LABL, Inc., 2021 USD 1st Lien Term Loan, (1 mo. LIBOR US at 0.50% Floor + 5.00%), 9.84%, 10/29/28		146		141,814
				473,735
Beverages(a) — 0.1%
Naked Juice LLC
2nd Lien Term Loan, (3 mo. SOFRTE at 0.50% Floor + 6.00%), 11.00%, 01/24/30		213		158,863
Term Loan, (3 mo. SOFRTE at 0.50% Floor + 3.25%), 8.25%, 01/24/29		472		413,960
				572,823
Building Products(a) — 0.1%
CP Atlas Buyer, Inc., 2021 Term Loan B, (1 mo. SOFR CME at 0.50% Floor + 3.50%), 8.41%, 11/23/27		197		174,482
CPG International LLC, 2022 Term Loan B, (1 mo. SOFR CME at 0.50% Floor + 2.50%), 7.41%, 04/28/29		89		87,300
Jeld-Wen, Inc., 2021 Term Loan B, (1 mo. LIBOR US + 2.25%), 7.09%, 07/28/28		99		95,581
New AMI I LLC, 2022 Term Loan B, (1 mo. SOFRTE at 0.50% Floor + 6.00%), 10.81%, 03/08/29		97		83,358
Standard Industries, Inc., 2021 Term Loan B, (1 mo. SOFR CME at 0.50% Floor + 2.00%), 7.12%, 09/22/28		74		73,058
Wilsonart LLC, 2021 Term Loan E, (6 mo. LIBOR US at 1.00% Floor + 3.25%), 8.46%, 12/31/26		340		327,035
				840,814
Capital Markets — 0.2%
Ascensus Holdings, Inc.(a)
2021 2nd Lien Term Loan, 08/02/29(l)		61		54,933
Term Loan, (3 mo. LIBOR US at 0.50% Floor + 3.50%), 8.38%, 08/02/28		452		438,152
Castlelake Aviation One DAC, 2023 Incremental Term Loan B, (3 mo. SOFR CME at 0.50% Floor + 2.75%), 7.78%, 10/22/27		81		79,535

17

Schedule of Investments (unaudited) (continued) March 31, 2023 BlackRock Credit Allocation Income Trust (BTZ) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Capital Markets (continued)
Deerfield Dakota Holding LLC(a)
2020 USD Term Loan B, (1 mo. SOFR CME at 1.00% Floor + 3.75%), 8.65%, 04/09/27		USD            755	$	730,269
2021 USD 2nd Lien Term Loan, 04/07/28(l)		190		173,611
Eagle Broadband Investments LLC, Term Loan, (3 mo. LIBOR US at 0.75% Floor + 3.00%), 8.19%, 11/12/27(a)		148		145,045
Focus Financial Partners LLC, 2021 Term Loan B4, (1 mo. SOFR CME at 0.50% Floor + 2.50%), 7.31%, 06/30/28(a)		184		180,452
				1,801,997
Chemicals — 0.2%
Arc Falcon I, Inc.(a)
2021 Delayed Draw Term Loan, (3 mo. LIBOR US at 0.50% Floor + 3.75%), 8.59%, 10/02/28		55		49,996
2021 Term Loan, (1 mo. LIBOR US at 0.50% Floor + 3.75%), 8.59%, 09/30/28		215		169,097
Ascend Performance Materials Operations LLC, 2021 Term Loan B, (3 mo. SOFR CME at 0.75% Floor + 4.75%), 9.71%, 08/27/26(a)		258		252,899
Axalta Coating Systems U.S. Holdings, Inc., 2022 USD Term Loan B4, (3 mo. SOFR CME at 0.50% Floor + 3.00%), 7.90%, 12/20/29(a)		138		135,913
Discovery Purchaser Corp., Term Loan, (3 mo. SOFR CME at 0.50% Floor + 4.375%), 8.96%, 10/04/29		142		133,914
Element Solutions, Inc., 2019 Term Loan B1, (1 mo. LIBOR US + 2.00%), 6.81%, 01/31/26(a)		111		110,176
HB Fuller Co., 2023 Term Loan B, (1 mo. SOFR CME at 0.50% Floor + 2.50%), 7.31%, 02/15/30(a)		37		37,127
INEOS U.S. Finance LLC, 2023 USD Term Loan B, (3 mo. SOFR CME + 3.50%), 8.41%, 02/18/30		72		71,524
Lonza Group AG, USD Term Loan B, (3 mo. LIBOR US at 0.75% Floor + 4.00%), 9.16%, 07/03/28(a)		18		16,429
LSF11 A5 Holdco LLC, Term Loan, (1 mo. SOFRTE at 0.50% Floor + 3.50%), 8.42%, 10/15/28(a)		216		209,555
Messer Industries GmbH, 2018 USD Term Loan, (3 mo. SOFR CME + 2.50%), 7.66%, 03/02/26(a)		166		165,916
Momentive Performance Materials, Inc., 2023 Term Loan, 03/31/28(c)(l)		237		231,668
OQ Chemicals Corp., 2017 USD Term Loan B2, (1 mo. LIBOR US + 3.25%), 8.00%, 10/14/24(a)		222		216,021
PQ Corp., 2021 Term Loan B, (3 mo. LIBOR US at 0.50% Floor + 2.50%), 7.33%, 06/09/28(a)		186		183,869
SCIH Salt Holdings, Inc., 2021 Incremental Term Loan B, (3 mo. LIBOR US at 0.75% Floor + 4.00%), 8.83%, 03/16/27(a)		75		72,863
Sparta U.S. HoldCo LLC, 2021 Term Loan, (1 mo. LIBOR US at 0.75% Floor + 3.25%), 7.92%, 08/02/28(a)		219		216,385
W.R. Grace Holdings LLC, 2021 Term Loan B, (3 mo. LIBOR US at 0.50% Floor + 3.75%), 8.94%, 09/22/28(a)		110		108,625
				2,381,977
Commercial Services & Supplies — 0.2%
Allied Universal Holdco LLC, 2021 USD Incremental Term Loan B, (1 mo. SOFR CME at 0.50% Floor + 3.75%), 8.66%, 05/12/28(a)		297		281,784

Security	Par (000)		Value
Commercial Services & Supplies (continued)
Amentum Government Services Holdings LLC, 2022 Term Loan, (1 mo. SOFR CME + 4.00%), 8.91%, 02/15/29(a)		USD              54	$	52,278
Aramark Services, Inc., 2021 Term Loan B, (1 mo. LIBOR US + 2.50%), 7.34%, 04/06/28(a)		113		112,470
Asurion LLC(a)
2020 Term Loan B8, (1 mo. LIBOR US + 3.25%), 8.09%, 12/23/26		284		262,624
2021 2nd Lien Term Loan B3, (1 mo. LIBOR US + 5.25%), 10.09%, 01/31/28		255		211,395
2023 Term Loan B11, (1 mo. SOFR CME + 4.25%), 9.16%, 08/19/28		23		21,268
Clean Harbors, Inc., 2021 Incremental Term Loan B, (1 mo. LIBOR US + 2.00%), 6.84%, 10/08/28(a)		147		147,616
Covanta Holding Corp.(a)
2021 Term Loan C, (1 mo. SOFR CME at 0.50% Floor + 2.50%), 7.31%, 11/30/28		6		6,238
2021 Term Loan B, (1 mo. SOFR CME at 0.50% Floor + 2.50%), 7.31%, 11/30/28		83		82,442
Creative Artists Agency LLC, 2023 Term Loan B, (1 mo. SOFR CME + 3.50%), 8.31%, 11/27/28		180		179,175
GFL Environmental, Inc., 2023 Term Loan, (1 mo. SOFR CME at 0.50% Floor + 3.00%), 7.91%, 05/28/27(a)		141		140,488
Packers Holdings LLC, 2021 Term Loan, (1 mo. SOFR CME at 0.75% Floor + 3.25%), 8.09%, 03/09/28(a)		126		114,021
Prime Security Services Borrower LLC, 2021 Term Loan, (3 mo. LIBOR US at 0.75% Floor + 2.75%), 7.52%, 09/23/26(a)		178		177,256
Verscend Holding Corp., 2021 Term Loan B, (1 mo. LIBOR US + 4.00%), 8.84%, 08/27/25(a)		332		331,018
Viad Corp., Initial Term Loan, (1 mo. SOFR CME at 0.50% Floor + 5.00%), 9.92%, 07/30/28(a)		148		141,084
				2,261,157
Communications Equipment(a) — 0.0%
Ciena Corp., 2023 Term Loan B, (1 mo. SOFR CME + 2.50%), 7.19%, 01/18/30		27		26,949
ViaSat, Inc., Term Loan, (1 mo. SOFR CME at 0.50% Floor + 4.50%), 9.42%, 03/02/29		195		189,081
				216,030
Construction & Engineering(a) — 0.1%
Brand Energy & Infrastructure Services, Inc., 2017 Term Loan, (3 mo. LIBOR US at 1.00% Floor + 4.25%), 9.13%, 06/21/24		322		299,508
Pike Corp., 2021 Incremental Term Loan B, (1 mo. LIBOR US + 3.00%), 7.85%, 01/21/28		75		74,344
SRS Distribution, Inc., 2021 Term Loan B, (1 mo. LIBOR US at 0.50% Floor + 3.50%), 8.34%, 06/02/28		449		432,391
USIC Holdings, Inc., 2021 Term Loan, (1 mo. LIBOR US at 0.75% Floor + 3.50%), 8.34%, 05/12/28		148		143,059
				949,302
Construction Materials(a) — 0.1%
Core & Main LP, 2021 Term Loan B, (1 mo. LIBOR US + 2.50%), 7.34%, 07/27/28(c)		557		553,031

S C H E D U L E  O F  I N V E S T M  E N T S 18

Schedule of Investments (unaudited) (continued) March 31, 2023 BlackRock Credit Allocation Income Trust (BTZ) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Construction Materials (continued)
Filtration Group Corp., 2018 1st Lien Term Loan, (1 mo. LIBOR US + 3.00%), 7.84%, 03/29/25		USD            298	$	296,633
Oscar AcquisitionCo. LLC, Term Loan B, (3 mo. SOFR CME at 0.50% Floor + 4.50%), 9.50%, 04/29/29		122		117,694
Tamko Building Products LLC, Term Loan B, (3 mo. LIBOR US + 3.00%), 7.87%, 06/01/26		5		4,805
				972,163
Consumer Staples Distribution & Retail(a) — 0.0%
H-Food Holdings LLC, 2018 Term Loan B, (1 mo. LIBOR US + 3.688%), 8.53%, 05/23/25		55		46,824
U.S. Foods, Inc.
2019 Term Loan B, (1 mo. LIBOR US + 2.00%), 6.84%, 09/13/26		45		44,936
2021 Term Loan B, (1 mo. LIBOR US + 2.75%), 7.59%, 11/22/28		201		200,517
				292,277
Containers & Packaging(a) — 0.1%
Charter Next Generation, Inc., 2021 Term Loan, (1 mo. SOFR CME at 0.75% Floor + 3.75%), 8.67%, 12/01/27		404		397,623
Mauser Packaging Solutions Holding Co., Term Loan B, (3 mo. SOFR CME + 4.00%), 8.78%, 08/14/26		125		123,795
Pregis TopCo Corp., 1st Lien Term Loan, (1 mo. SOFR CME + 3.75%), 8.67%, 07/31/26		185		179,722
Tosca Services LLC, 2021 Term Loan, (1 mo. LIBOR US at 0.75% Floor + 3.50%), 8.42%, 08/18/27		260		199,304
				900,444
Distributors(a) — 0.1%
American Builders & Contractors Supply Co., Inc., 2019 Term Loan, (1 mo. SOFR CME + 2.00%), 6.91%, 01/15/27		122		121,337
CNT Holdings I Corp., 2020 Term Loan, (3 mo. SOFR CME at 0.75% Floor + 3.50%), 8.13%, 11/08/27		197		193,926
Dealer Tire Financial LLC, Term Loan B2, (1 mo. SOFR CME at 0.50% Floor + 4.50%), 9.31%, 12/14/27		223		220,911
Go Daddy Operating Co. LLC, 2022 Term Loan B5, (1 mo. SOFR CME + 3.25%), 8.06%, 11/09/29		162		161,293
				697,467
Diversified Consumer Services — 0.1%
Ascend Learning LLC(a)
2021 2nd Lien Term Loan, (1 mo. SOFR CME at 0.50% Floor + 5.75%), 10.66%, 12/10/29		100		85,833
2021 Term Loan, (1 mo. SOFR CME at 0.50% Floor + 3.50%), 8.41%, 12/11/28		148		136,296
Bright Horizons Family Solutions LLC, 2021 Term Loan B, (1 mo. SOFR CME at 0.50% Floor + 2.25%), 7.17%, 11/24/28(a)		189		185,748
OLA Netherlands BV, Term Loan, (1 mo. SOFR CME at 0.75% Floor + 6.25%), 11.11%, 12/15/26		123		116,379
PAI Holdco, Inc., 2020 Term Loan B, (3 mo. LIBOR US at 0.75% Floor + 3.75%), 8.58%, 10/28/27(a)		164		152,750
Sotheby’s, 2021 Term Loan B, (3 mo. LIBOR US at 0.50% Floor + 4.50%), 9.33%, 01/15/27(a)		369		366,482
				1,043,488

Security	Par (000)		Value
Diversified REITs — 0.0%
RHP Hotel Properties LP, 2017 Term Loan B, (1 mo. LIBOR US + 2.00%), 6.85%, 05/11/24(a)		USD            147	$	146,263
Diversified Telecommunication Services(a) — 0.1%
Cablevision Lightpath LLC, Term Loan B, (1 mo. LIBOR US at 0.50% Floor + 3.25%), 7.93%, 11/30/27		23		22,807
Frontier Communications Holdings LLC, 2021 1st Lien Term Loan, (1 mo. LIBOR US at 0.75% Floor + 3.75%), 8.63%, 05/01/28		185		174,873
Iridium Satellite LLC, 2021 Term Loan B2, (1 mo. SOFR CME at 0.75% Floor + 2.50%), 7.41%, 11/04/26		207		206,970
Level 3 Financing, Inc., 2019 Term Loan B, (1 mo. LIBOR US + 1.75%), 6.67%, 03/01/27		170		142,941
Lumen Technologies, Inc., 2020 Term Loan B, (3 mo. SOFR CME + 2.25%), 7.17%, 03/15/27		199		130,982
				678,573
Electric Utilities(a) — 0.1%
Constellation Renewables LLC, 2020 Term Loan, (3 mo. LIBOR US at 1.00% Floor + 2.50%), 7.46%, 12/15/27		247		245,707
Triton Water Holdings, Inc., Term Loan, (3 mo. LIBOR US at 0.50% Floor + 3.50%), 8.66%, 03/31/28		404		360,415
				606,122
Electrical Equipment(a) — 0.1%
Arcline FM Holdings LLC, 2021 1st Lien Term Loan, (3 mo. LIBOR US at 0.75% Floor + 4.75%), 9.91%, 06/23/28		221		210,549
AZZ, Inc., Term Loan B, (1 mo. SOFR CME at 0.50% Floor + 4.25%), 9.16%, 05/13/29		28		27,691
Gates Global LLC, 2021 Term Loan B3, (1 mo. SOFR CME at 0.75% Floor + 2.50%), 7.41%, 03/31/27		301		298,792
				537,032
Electronic Equipment, Instruments & Components — 0.0%
Coherent Corp., 2022 Term Loan B, (1 mo. SOFR CME at 0.50% Floor + 2.75%), 7.67%, 07/02/29(a)		119		118,120
Energy Equipment & Services — 0.0%
Oryx Midstream Services Permian Basin LLC, 2023 Incremental Term Loan, (1 mo. SOFR CME at 0.50% Floor + 3.25%), 8.06%, 10/05/28(a)		366		358,992
Entertainment — 0.0%
Cirque Du Soleil Holding USA Newco, Inc., 2023 Term Loan B, (3 mo. SOFR CME at 0.50% Floor + 4.25%), 9.13%, 03/08/30		97		95,788
City Football Group Ltd., Term Loan, (1 mo. LIBOR US at 0.50% Floor + 3.00%), 7.78%, 07/21/28(a)		223		212,295
Delta 2 Lux SARL, Term Loan B, (1 mo. SOFR CME at 0.50% Floor + 3.25%), 8.06%, 01/15/30(a)		151		151,063
				459,146
Environmental, Maintenance & Security Service(a) — 0.0%
Asplundh Tree Expert LLC, 2021 Term Loan B, (1 mo. LIBOR US + 1.75%), 6.59%, 09/07/27 298				295,801
TruGreen LP, 2020 Term Loan, (1 mo. LIBOR US at 0.75% Floor + 4.00%), 8.84%, 11/02/27		220		203,255
				499,056

19

Schedule of Investments (unaudited) (continued) March 31, 2023 BlackRock Credit Allocation Income Trust (BTZ) (Percentages shown are based on Net Assets)

Security	Par (000)			Value
Financial Services(a) — 0.3%
Acuris Finance U.S., Inc., 2021 USD Term Loan B, (3 mo. SOFR CME at 0.50% Floor + 4.00%), 9.05%, 02/16/28		USD              50		$	48,146
Advisor Group, Inc., 2021 Term Loan, (1 mo. LIBOR US + 4.50%), 9.34%, 07/31/26		369			362,539
AlixPartners LLP, 2021 USD Term Loan B, (1 mo. LIBOR US at 0.50% Floor + 2.75%), 7.61%, 02/04/28		186			184,762
Altice France SA/France, 2023 USD Term Loan B14, (2 mo. SOFR CME + 5.50%), 10.17%, 08/15/28(c)		200			190,118
Castlelake Aviation Ltd., Term Loan B, (3 mo. LIBOR US at 0.50% Floor + 2.75%), 7.62%, 10/22/26		188			185,587
Cogeco Financing 2 LP, 2021 Incremental Term Loan B, (1 mo. LIBOR US at 0.50% Floor + 2.50%), 7.34%, 09/01/28		166			163,746
Delta TopCo, Inc.
2020 2nd Lien Term Loan, (3 mo. SOFR CME at 0.75% Floor + 7.25%), 12.16%, 12/01/28		45			38,137
2020 Term Loan B, (3 mo. SOFR CME at 0.75% Floor + 3.75%), 8.66%, 12/01/27		—	(m)		2
Gainwell Acquisition Corp., Term Loan B, (3 mo. SOFR CME at 0.75% Floor + 4.00%), 9.00%, 10/01/27		367			349,769
KKR Apple Bidco LLC, 2021 Term Loan, (1 mo. LIBOR US at 0.50% Floor + 2.75%), 7.59%, 09/23/28		39			39,041
LBM Acquisition LLC, Term Loan B, (6 mo. LIBOR US at 0.75% Floor + 3.75%), 8.59%, 12/17/27		97			90,763
Radiate Holdco LLC, 2021 Term Loan B, (1 mo. LIBOR US at 0.75% Floor + 3.25%), 8.09%, 09/25/26		318			258,890
RVR Dealership Holdings LLC, Term Loan B, (1 mo. SOFRTE at 0.75% Floor + 3.75%), 8.55%, 02/08/28		22			18,582
Setanta Aircraft Leasing Designated Activity Co., Term Loan B, (3 mo. LIBOR US + 2.00%), 7.16%, 11/05/28		150			149,850
SMG U.S. Midco 2, Inc., 2020 Term Loan, (3 mo. LIBOR US + 2.50%), 7.33%, 01/23/25		152			150,135
SSH Group Holdings, Inc., 2018 1st Lien Term Loan, (3 mo. LIBOR US + 4.00%), 8.90%, 07/30/25		77			75,751
Veritas U.S., Inc., 2021 USD Term Loan B, (1 mo. LIBOR US at 1.00% Floor + 5.00%), 9.84%, 09/01/25		390			295,162
VS Buyer LLC, Term Loan B, (2 mo. LIBOR US + 3.00%), 7.70%, 02/28/27		378			373,138
White Cap Buyer LLC, Term Loan B, (1 mo. SOFR CME + 3.75%), 8.56%, 10/19/27		193			190,920
Ziggo Financing Partnership, USD Term Loan I, (1 mo. LIBOR US + 2.50%), 7.18%, 04/30/28		126			124,250
					3,289,288
Food Products(a) — 0.2%
8th Avenue Food & Provisions, Inc., 2018 1st Lien Term Loan, (1 mo. LIBOR US + 3.75%), 8.59%, 10/01/25		162			142,557
B&G Foods, Inc., 2019 Term Loan B4, (1 mo. LIBOR US + 2.50%), 7.34%, 10/10/26		92			89,139

Security	Par (000)		Value
Food Products (continued)
Chobani LLC, 2020 Term Loan B, (1 mo. SOFR CME at 1.00% Floor + 3.50%), 8.42%, 10/25/27(c)		USD            589	$	583,549
Froneri International Ltd., 2020 USD Term Loan, (3 mo. LIBOR US + 2.25%), 7.41%, 01/29/27		565		555,943
Hostess Brands LLC, 2019 Term Loan, (3 mo. LIBOR US at 0.75% Floor + 2.25%), 7.08%, 08/03/25		204		203,577
Nomad Foods U.S. LLC, 2022 Term Loan B, (3 mo. SOFR CME at 0.50% Floor + 3.75%), 8.23%, 11/12/29		75		74,874
Sovos Brands Intermediate, Inc., 2021 Term Loan, (3 mo. LIBOR US at 0.75% Floor + 3.50%), 8.33%, 06/08/28(c)		261		258,401
UTZ Quality Foods LLC, 2021 Term Loan B, (1 mo. SOFR CME + 3.00%), 7.92%, 01/20/28		260		258,472
				2,166,512
Gas Utilities — 0.0%
Freeport LNG Investments LLLP, Term Loan B, (3 mo. LIBOR US at 0.50% Floor + 3.50%), 8.31%, 12/21/28(a)		442		427,156
Ground Transportation — 0.1%
Avis Budget Car Rental LLC, 2020 Term Loan B, (1 mo. LIBOR US + 1.75%), 6.60%, 08/06/27(a)		71		69,519
Genesee & Wyoming, Inc., Term Loan, (3 mo. LIBOR US + 2.00%), 7.00%, 12/30/26(a)		186		184,589
SIRVA Worldwide, Inc., 2018 1st Lien Term Loan, (1 mo. LIBOR US + 5.50%), 10.36%, 08/04/25(a)		79		71,560
Uber Technologies, Inc., 2023 Term Loan B, (3 mo. SOFR CME + 2.75%), 7.87%, 02/28/30		198		197,945
				523,613
Health Care Equipment & Supplies(a) — 0.1%
Electron BidCo, Inc., 2021 Term Loan, (1 mo. LIBOR US at 0.50% Floor + 3.00%), 7.84%, 11/01/28		298		293,201
Insulet Corp., Term Loan B, (1 mo. SOFR CME + 3.25%), 8.17%, 05/04/28		110		110,282
Medline Borrower LP, USD Term Loan B, (1 mo. LIBOR US at 0.50% Floor + 3.25%), 8.09%, 10/23/28		761		740,765
				1,144,248
Health Care Providers & Services(a) —0.1%
CHG Healthcare Services, Inc., 2021 Term Loan, (1 mo. LIBOR US at 0.50% Floor + 3.25%), 8.09%, 09/29/28		185		182,666
Envision Healthcare Corp.
2022 First Out Term Loan, (3 mo. SOFR CME at 1.00% Floor + 7.875%), 12.92%, 03/31/27		36		30,279
2022 Second Out Term Loan, (3 mo. SOFR CME at 1.00% Floor + 4.25%), 9.15%, 03/31/27		160		37,887
EyeCare Partners LLC, 2020 Term Loan, (1 mo. LIBOR US + 3.75%), 8.59%, 02/18/27		198		160,975
Femur Buyer, Inc., 1st Lien Term Loan, (3 mo. LIBOR US + 4.50%), 9.66%, 03/05/26		107		95,364
Orbcomm, Inc., Term Loan B, (1 mo. LIBOR US at 0.75% Floor + 4.25%), 9.15%, 09/01/28		148		120,100
Sotera Health Holdings LLC, 2021 Term Loan, (3 mo. LIBOR US at 0.50% Floor + 2.75%), 7.58%, 12/11/26		197		189,259

S C H E D U L E  O F  I N V E S T M  E N T S 20

Schedule of Investments (unaudited) (continued) March 31, 2023 BlackRock Credit Allocation Income Trust (BTZ) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Health Care Providers & Services (continued)
Surgery Center Holdings, Inc., 2021 Term Loan, (1 mo. LIBOR US at 0.75% Floor + 3.75%), 8.46%, 08/31/26		USD              68	$	67,117
Vizient, Inc., 2022 Term Loan B, (1 mo. SOFR CME at 0.50% Floor + 2.25%), 7.11%, 05/16/29		32		31,692
WCG Purchaser Corp., 2019 Term Loan, (3 mo. LIBOR US at 1.00% Floor + 4.00%), 8.95%, 01/08/27		189		178,711
				1,094,050
Health Care Services — 0.0%
Azalea Topco, Inc., Term Loan, (1 mo. LIBOR US + 3.50%), 8.34%, 07/24/26(a)		265		247,232
Health Care Technology(a) — 0.1%
AthenaHealth Group, Inc., 2022 Term Loan B, (1 mo. SOFR CME at 0.50% Floor + 3.50%), 8.26%, 02/15/29		400		373,571
GoodRx, Inc., 1st Lien Term Loan, (1 mo. LIBOR US + 2.75%), 7.59%, 10/10/25		76		75,552
Polaris Newco LLC, USD Term Loan B, (3 mo. LIBOR US at 0.50% Floor + 4.00%), 9.16%, 06/02/28		460		418,535
				867,658
Hotels, Restaurants & Leisure(a) — 0.4%
Aimbridge Acquisition Co., Inc., 2019 Term Loan B, (1 mo. LIBOR US + 3.75%), 8.59%, 02/02/26		123		117,258
Aristocrat Technologies, Inc., 2022 Term Loan B, (3 mo. SOFR CME at 0.50% Floor + 2.25%), 7.25%, 05/24/29		12		11,507
Bally’s Corp., 2021 Term Loan B, (1 mo. LIBOR US at 0.50% Floor + 3.25%), 7.96%, 10/02/28		74		70,559
Burger King (Restaurant Brands International, Inc.)/New Red Finance, Inc., Term Loan B4, (1 mo. LIBOR US + 1.75%), 6.59%, 11/19/26		338		334,361
Caesars Entertainment, Inc., Term Loan B, (1 mo. SOFR CME at 0.50% Floor + 3.25%), 8.16%, 02/06/30		140		139,105
Carnival Corp., USD Term Loan B, (1 mo. LIBOR US at 0.75% Floor + 3.00%), 7.84%, 06/30/25		255		251,531
Churchill Downs, Inc., 2021 Incremental Term Loan B1, (1 mo. LIBOR US + 2.00%), 6.85%, 03/17/28		109		108,346
Equinox Holdings, Inc., 2017 1st Lien Term Loan, (3 mo. LIBOR US at 1.00% Floor + 3.00%), 8.16%, 03/08/24		539		487,095
Fertitta Entertainment LLC, 2022 Term Loan B, (1 mo. SOFRTE at 0.50% Floor + 4.00%), 8.81%, 01/27/29		593		582,310
Flutter Financing B.V., 2022 USD Term Loan B, (3 mo. SOFR CME at 0.50% Floor + 3.25%), 8.41%, 07/22/28		154		154,024
Four Seasons Hotels Ltd., 2022 Term Loan B, (3 mo. SOFR CME at 0.50% Floor + 3.25%), 8.08%, 11/30/29		303		303,395
Hilton Worldwide Finance LLC, 2019 Term Loan B2, (1 mo. SOFR CME + 1.75%), 6.64%, 06/22/26		261		260,875
IRB Holding Corp., 2022 Term Loan B, (1 mo. SOFRTE at 0.75% Floor + 3.00%), 7.91%, 12/15/27		546		535,828

Security	Par (000)		Value
Hotels, Restaurants & Leisure (continued)
Penn National Gaming, Inc., 2022 Term Loan B, (1 mo. SOFR CME at 0.50% Floor + 2.75%), 7.66%, 05/03/29		USD            153	$	151,964
Playa Resorts Holding B.V., 2022 Term Loan B, (1 mo. SOFR CME at 0.50% Floor + 4.25%), 8.99%, 01/05/29		57		56,449
Playtika Holding Corp., 2021 Term Loan, (1 mo. LIBOR US + 2.75%), 7.59%, 03/13/28		234		232,479
Scientific Games International, Inc., 2022 USD Term Loan, (1 mo. SOFR CME at 0.50% Floor + 3.00%), 7.96%, 04/14/29		87		86,539
SeaWorld Parks & Entertainment, Inc., 2021 Term Loan B, (1 mo. LIBOR US at 0.50% Floor + 3.00%), 7.88%, 08/25/28		70		69,474
Stars Group Holdings BV, 2018 USD Incremental Term Loan, (3 mo. LIBOR US + 2.25%), 7.41%, 07/21/26		149		148,395
Station Casinos LLC, 2020 Term Loan B, (1 mo. LIBOR US at 0.25% Floor + 2.25%), 7.10%, 02/08/27		299		295,709
Travelport Finance Luxembourg SARL, 2021 Consented Term Loan, (3 mo. LIBOR US + 6.75%), 10.16%, 05/29/26		137		79,489
Whatabrands LLC, 2021 Term Loan B, (1 mo. LIBOR US at 0.50% Floor + 3.25%), 8.09%, 08/03/28		309		305,766
Wyndham Hotels & Resorts, Inc., Term Loan B, (1 mo. LIBOR US + 1.75%), 6.59%, 05/30/25		19		18,927
				4,801,385
Household Durables(a) — 0.1%
ACProducts Holdings, Inc., 2021 Term Loan B, (3 mo. LIBOR US at 0.50% Floor + 4.25%), 9.41%, 05/17/28		171		135,316
Hunter Douglas, Inc., USD Term Loan B1, (3 mo. SOFR CME + 3.50%), 8.37%, 02/26/29		330		295,183
Snap One Holdings Corp., Term Loan B, (3 mo. LIBOR US at 0.50% Floor + 4.50%), 9.66%, 12/08/28(c)		53		47,696
Sunset Debt Merger Sub, Inc., 2021 Term Loan B, (1 mo. LIBOR US at 0.75% Floor + 4.00%), 8.75%, 10/06/28		110		92,270
Weber-Stephen Products LLC, Term Loan B, (1 mo. LIBOR US at 0.75% Floor + 3.25%), 8.09%, 10/30/27		351		301,003
				871,468
Household Products — 0.0%
Spectrum Brands, Inc., 2021 Term Loan, (3 mo. LIBOR US at 0.50% Floor + 2.00%), 6.96%, 03/03/28(a)		114		112,937
Industrial Conglomerates(a) — 0.1%
AVSC Holding Corp., 2020 Term Loan B1, (3 mo. LIBOR US at 1.00% Floor + 3.25%), 8.06%, 03/03/25		161		155,791
Diamond BC BV, 2021 Term Loan B, (3 mo. LIBOR US at 0.50% Floor + 2.75%), 7.58%, 09/29/28		339		337,147

21

Schedule of Investments (unaudited) (continued) March 31, 2023 BlackRock Credit Allocation Income Trust (BTZ) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Industrial Conglomerates (continued)
Vertical U.S. Newco, Inc., Term Loan B, (6 mo. LIBOR US at 0.50% Floor + 3.50%), 8.60%, 07/30/27		USD            329	$	319,750
Vertiv Group Corp., 2021 Term Loan B, (1 mo. LIBOR US + 2.75%), 7.42%, 03/02/27		303		296,672
				1,109,360
Insurance(a) — 0.2%
Alliant Holdings Intermediate LLC
2021 Term Loan B4, (1 mo. LIBOR US at 0.50% Floor + 3.50%), 8.28%, 11/06/27		118		116,970
2023 Term Loan B5, (1 mo. SOFR CME at 0.50% Floor + 3.50%), 8.35%, 11/05/27		525		518,111
AmWINS Group, Inc.
2021 Term Loan B, (1 mo. LIBOR US at 0.75% Floor + 2.25%), 7.11%, 02/19/28		174		171,468
2023 Incremental Term Loan B, (1 mo. SOFR CME at 0.75% Floor + 2.75%), 7.66%, 02/19/28		55		54,520
AssuredPartners, Inc., 2020 Term Loan B, (1 mo. LIBOR US + 3.50%), 8.34%, 02/12/27		261		257,766
Hub International Ltd.
2018 Term Loan B, (3 mo. LIBOR US + 3.00%), 7.82%, 04/25/25		447		445,286
2021 Term Loan B, (3 mo. LIBOR US at 0.75% Floor + 3.25%), 8.06%, 04/25/25		110		110,211
2022 Term Loan B, (3 mo. SOFR CME at 0.75% Floor + 4.00%), 8.73%, 11/10/29		75		74,504
Ryan Specialty Group LLC, Term Loan, (1 mo. SOFR CME at 0.75% Floor + 3.00%), 7.91%, 09/01/27		161		160,523
Sedgwick Claims Management Services, Inc., 2023 Term Loan B, (1 mo. SOFR CME + 3.75%), 8.56%, 02/17/28		383		377,350
USI, Inc., 2022 Incremental Term Loan, (3 mo. SOFR CME at 0.50% Floor + 3.75%), 8.65%, 11/22/29		336		334,656
				2,621,365
Interactive Media & Services(a) — 0.1%
Adevinta ASA, USD Term Loan B, (3 mo. LIBOR US at 0.75% Floor + 2.75%), 7.91%, 06/26/28		185		183,415
Camelot U.S. Acquisition LLC, 2020 Incremental Term Loan B, (1 mo. LIBOR US at 1.00% Floor + 3.00%), 7.84%, 10/30/26		285		283,725
Go Daddy Operating Co. LLC, 2021 Term Loan B4, (1 mo. LIBOR US + 2.00%), 6.84%, 08/10/27		124		123,882
Grab Holdings, Inc., Term Loan B, (1 mo. LIBOR US at 1.00% Floor + 4.50%), 9.35%, 01/29/26		121		120,387
				711,409
IT Services — 0.3%
Aruba Investments Holdings LLC, 2020 USD Term Loan, (1 mo. LIBOR US at 0.75% Floor + 3.75%), 8.59%, 11/24/27(a)		74		72,085
Boxer Parent Co., Inc., 2021 USD Term Loan, (1 mo. LIBOR US + 3.75%), 8.59%, 10/02/25(a)		223		219,599
Camelot Finance SA, Term Loan B, (1 mo. LIBOR US + 3.00%), 7.84%, 10/30/26(a)		252		251,705
CCC Intelligent Solutions, Inc., Term Loan, (1 mo. LIBOR US at 0.50% Floor + 2.25%), 7.09%, 09/21/28(a)		186		183,832
CoreLogic, Inc.
2nd Lien Term Loan, (1 mo. LIBOR US at 0.50% Floor + 6.50%), 11.38%, 06/04/29		100		73,563

Security	Par (000)		Value
IT Services (continued)
CoreLogic, Inc. (continued)
Term Loan, (1 mo. LIBOR US at 0.50% Floor + 3.50%), 8.38%, 06/02/28(a)		USD            478	$	406,122
Fleetcor Technologies Operating Co. LLC, 2021 Term Loan B4, (1 mo. LIBOR US + 1.75%), 6.59%, 04/28/28(a)		224		222,526
Genesys Cloud Services Holdings II LLC, 2020 USD Term Loan B4, (1 mo. LIBOR US at 0.75% Floor + 4.00%), 8.84%, 12/01/27(a)		384		377,187
PUG LLC, USD Term Loan, (1 mo. LIBOR US + 3.50%), 8.34%, 02/12/27(a)		405		291,910
Trans Union LLC(a)
2019 Term Loan B5, (1 mo. LIBOR US + 1.75%), 6.59%, 11/16/26		112		110,726
2021 Term Loan B6, (1 mo. LIBOR US at 0.50% Floor + 2.25%), 7.09%, 12/01/28		398		393,429
WEX, Inc., 2021 Term Loan, (1 mo. LIBOR US + 2.25%), 7.09%, 03/31/28(a)		123		122,423
				2,725,107
Leisure Products — 0.0%
Fender Musical Instruments Corp., 2021 Term Loan B, (1 mo. SOFRTE at 0.50% Floor + 4.00%), 8.84%, 12/01/28(a)(c)		99		89,684
Peloton Interactive, Inc., Term Loan, (3 mo. SOFR CME at 0.50% Floor + 6.50%), 11.76%, 05/25/27(a)		41		40,455
Topgolf Callaway Brands Corp., Term Loan B, (3 mo. SOFR CME + 3.50%), 8.26%, 03/15/30		130		129,046
				259,185
Life Sciences Tools & Services(a) — 0.1%
Avantor Funding, Inc., 2021 Term Loan B5, (1 mo. LIBOR US at 0.50% Floor + 2.25%), 7.09%, 11/08/27		266		264,952
Curia Global, Inc., 2021 Term Loan, (1 mo. SOFR CME at 0.75% Floor + 3.75%), 8.53%, 08/30/26		23		19,659
eResearchTechnology, Inc., 2020 1st Lien Term Loan, (1 mo. LIBOR US at 1.00% Floor + 4.50%), 9.34%, 02/04/27		381		359,449
ICON Luxembourg SARL, LUX Term Loan, (3 mo. SOFR CME at 0.50% Floor + 2.25%), 7.41%, 07/03/28		239		237,768
Maravai Intermediate Holdings LLC, 2022 Term Loan B, (3 mo. SOFRTE at 0.50% Floor + 3.00%), 7.63%, 10/19/27		239		237,753
Parexel International Corp., 2021 1st Lien Term Loan, (1 mo. LIBOR US at 0.50% Floor + 3.25%), 8.09%, 11/15/28		365		364,431
PRA Health Sciences, Inc., US Term Loan, (3 mo. LIBOR US at 0.50% Floor + 2.25%), 7.41%, 07/03/28		63		62,988
				1,547,000
Machinery(a) — 0.2%
Albion Acquisitions Ltd., USD Term Loan, (3 mo. LIBOR US at 0.50% Floor + 5.25%), 10.07%, 08/17/26		222		215,893
Clark Equipment Co., 2022 Term Loan B, (3 mo. SOFR CME at 0.50% Floor + 2.50%), 7.50%, 04/20/29		42		41,450

S C H E D U L E  O F  I N V E S T M  E N T S 22

Schedule of Investments (unaudited) (continued) March 31, 2023 BlackRock Credit Allocation Income Trust (BTZ) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Machinery (continued)
Columbus McKinnon Corp., 2021 Term Loan B, (3 mo. LIBOR US at 0.50% Floor + 2.75%), 7.94%, 05/14/28		USD              68	$	67,091
Fluidra SA, 2022 USD Term Loan B, (1 mo. SOFR CME + 2.00%), 6.91%, 01/29/29		22		21,360
Gardner Denver, Inc., 2020 USD Term Loan B2, (1 mo. SOFR CME + 1.75%), 6.66%, 03/01/27		142		141,771
Ingersoll-Rand Services Co., 2020 USD Spinco Term Loan, (1 mo. SOFR CME + 1.75%), 6.66%, 03/01/27		157		156,827
Madison IAQ LLC, Term Loan, (6 mo. LIBOR US at 0.50% Floor + 3.25%), 8.30%, 06/21/28		453		430,115
Roper Industrial Products Investment Co., USD Term Loan, (3 mo. SOFR CME + 4.50%), 9.40%, 11/22/29		185		183,348
SPX Flow, Inc., 2022 Term Loan, (1 mo. SOFR CME at 0.50% Floor + 4.50%), 9.41%, 04/05/29		200		190,121
Titan Acquisition Ltd., 2018 Term Loan B, (3 mo. LIBOR US + 3.00%), 8.15%, 03/28/25		447		422,903
Zurn LLC, 2021 Term Loan B, (1 mo. LIBOR US at 0.50% Floor + 2.00%), 6.84%, 10/04/28		109		108,957
				1,979,836
Media(a) — 0.5%
Altice Financing SA, USD 2017 1st Lien Term Loan, (3 mo. LIBOR US + 2.75%), 7.58%, 01/31/26		250		244,712
AMC Entertainment Holdings, Inc., 2019 Term Loan B, (1 mo. LIBOR US + 3.00%), 7.68%, 04/22/26		163		118,460
Charter Communications Operating LLC, Class A, 2019 Term Loan B1, (1 mo. SOFR CME + 1.75%), 6.56%, 04/30/25		123		123,218
Clear Channel Outdoor Holdings, Inc., Term Loan B, (3 mo. LIBOR US + 3.50%), 8.33%, 08/21/26		596		553,955
CMG Media Corp., 2021 Term Loan, (3 mo. LIBOR US + 3.50%), 8.66%, 12/17/26		123		108,735
Connect Finco SARL, 2021 Term Loan B, (1 mo. LIBOR US at 1.00% Floor + 3.50%), 8.35%, 12/11/26		746		740,407
CSC Holdings LLC, 2019 Term Loan B5, (1 mo. LIBOR US + 2.50%), 7.18%, 04/15/27		316		277,930
Learfield Communications LLC, 2016 1st Lien Term Loan, (1 mo. LIBOR US at 1.00% Floor + 3.25%), 8.10%, 12/01/23		91		63,789
Lions Gate Capital Holdings LLC, 2018 Term Loan B, (1 mo. LIBOR US + 2.25%), 7.09%, 03/24/25		258		252,921
Live Nation Entertainment, Inc., Term Loan B4, (1 mo. SOFR CME + 1.75%), 6.61%, 10/17/26(c)		453		447,555
MH Sub I LLC
2017 1st Lien Term Loan, (1 mo. LIBOR US + 3.75%), 8.59%, 09/13/24		382		375,303
2021 2nd Lien Term Loan, (1 mo. SOFR CME + 6.25%), 11.06%, 02/23/29		247		225,289
Sinclair Television Group, Inc., 2022 Term Loan B4, (1 mo. SOFR CME + 3.75%), 8.66%, 04/21/29(c)		199		181,039
UFC Holdings LLC, 2021 Term Loan B, (3 mo. LIBOR US at 0.75% Floor + 2.75%), 7.57%, 04/29/26		147		145,574
UPC Financing Partnership, 2021 USD Term Loan AX, (1 mo. LIBOR US + 2.925%), 7.61%, 01/31/29 .		45		44,086

Security	Par (000)		Value
Media (continued)
Virgin Media Bristol LLC, 2020 USD Term Loan Q, (1 mo. LIBOR US + 3.25%), 7.93%, 01/31/29		USD          225	$	222,217
Voyage Digital Ltd., USD Term Loan B, (3 mo. SOFRTE at 0.50% Floor + 4.25%), 9.05%, 05/11/29(c)		106		104,605
William Morris Endeavor Entertainment LLC, 2018 1st Lien Term Loan, (1 mo. LIBOR US + 2.75%), 7.60%, 05/18/25		472		467,358
WMG Acquisition Corp., 2021 Term Loan G, (1 mo. LIBOR US + 2.125%), 6.97%, 01/20/28		305		301,154
Zayo Group Holdings, Inc., USD Term Loan, (1 mo. LIBOR US + 3.00%), 7.84%, 03/09/27		585		473,262
				5,471,569
Oil, Gas & Consumable Fuels(a) — 0.1%
Ascent Resources Utica Holdings LLC, 2020 Fixed 2nd Lien Term Loan, (3 mo. LIBOR US at 1.00% Floor + 9.00%), 13.82%, 11/01/25		784		830,389
M6 ETX Holdings II Midco LLC, Term Loan B, (3 mo. SOFR CME at 0.50% Floor + 4.50%), 9.36%, 09/19/29		26		25,600
Medallion Midland Acquisition LLC, 2021 Term Loan, (3 mo. SOFR CME at 0.75% Floor + 3.75%), 8.91%, 10/18/28		222		218,428
				1,074,417
Passenger Airlines(a) — 0.2%
AAdvantage Loyalty IP Ltd., 2021 Term Loan, (3 mo. LIBOR US at 0.75% Floor + 4.75%), 9.56%, 04/20/28		436		441,956
Air Canada, 2021 Term Loan B, (3 mo. LIBOR US at 0.75% Floor + 3.50%), 8.37%, 08/11/28		371		369,688
American Airlines, Inc.
2017 1st Lien Term Loan, (3 mo. SOFR CME + 3.50%), 8.26%, 01/29/27		302		294,359
2023 Term Loan B, (6 mo. SOFR CME + 2.75%), 8.15%, 02/15/28		280		273,218
Mileage Plus Holdings LLC, 2020 Term Loan B, (3 mo. LIBOR US at 1.00% Floor + 5.25%), 10.21%, 06/21/27		453		469,356
United Airlines, Inc., 2021 Term Loan B, (3 mo. LIBOR US at 0.75% Floor + 3.75%), 8.57%, 04/21/28		442		438,487
				2,287,064
Personal Care Products — 0.1%
Sunshine Luxembourg VII SARL, 2021 Term Loan B3, (3 mo. LIBOR US at 0.75% Floor + 3.75%), 8.91%, 10/01/26(a)		773		765,188
Pharmaceuticals — 0.2%
Amneal Pharmaceuticals LLC, 2018 Term Loan B, (3 mo. LIBOR US + 3.50%), 8.38%, 05/04/25(a)		124		117,908
Amynta Agency Borrower, Inc., 2023 Term Loan B, (3 mo. SOFR CME + 5.00%), 9.99%, 02/28/28		99		94,768
Bausch Health Cos., Inc., 2022 Term Loan B, (1 mo. SOFR CME at 0.50% Floor + 5.25%), 10.09%, 02/01/27(a)		145		107,213
Catalent Pharma Solutions, Inc., 2021 Term Loan B3, (1 mo. LIBOR US at 0.50% Floor + 2.00%), 6.81%, 02/22/28(a)		188		186,215

23

Schedule of Investments (unaudited) (continued) March 31, 2023 BlackRock Credit Allocation Income Trust (BTZ) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Pharmaceuticals (continued)
Elanco Animal Health, Inc., Term Loan B, (1 mo. LIBOR US + 1.75%), 6.41%, 08/01/27(a)		USD            258	$	250,845
Jazz Financing Lux SARL, USD Term Loan, (1 mo. LIBOR US at 0.50% Floor + 3.50%), 8.34%, 05/05/28(a)		266		264,888
Option Care Health, Inc., 2021 Term Loan B, (1 mo. LIBOR US at 0.50% Floor + 2.75%), 7.59%, 10/27/28(a)		109		108,384
Organon & Co., USD Term Loan, (3 mo. LIBOR US at 0.50% Floor + 3.00%), 8.00%, 06/02/28(a)		197		196,566
Precision Medicine Group LLC, 2021 Term Loan, (3 mo. LIBOR US at 0.75% Floor + 3.00%), 8.16%, 11/18/27(a)(c)		298		300,627
				1,627,414
Professional Services(a) — 0.1%
Dun & Bradstreet Corp.
2022 Incremental Term Loan B2, (1 mo. SOFR CME + 3.25%), 8.04%, 01/18/29		75		74,026
Term Loan, (1 mo. LIBOR US + 3.25%), 8.10%, 02/06/26		481		479,767
Element Materials Technology Group U.S. Holdings, Inc.
2022 USD Delayed Draw Term Loan, (3 mo. SOFR CME at 0.50% Floor + 4.25%), 9.25%, 07/06/29		76		75,480
2022 USD Term Loan, (3 mo. SOFR CME at 0.50% Floor + 4.25%), 9.25%, 07/06/29		166		163,539
Galaxy U.S. Opco, Inc., Term Loan, (1 mo. SOFR CME at 0.50% Floor + 4.75%), 9.56%, 04/29/29		269		237,084
				1,029,896
Real Estate Management & Development(a) — 0.1%
Chariot Buyer LLC, Term Loan B, (1 mo. LIBOR US at 0.50% Floor + 3.25%), 8.09%, 11/03/28		372		357,300
Cushman & Wakefield U.S. Borrower LLC
2020 Term Loan B, (1 mo. LIBOR US + 2.75%), 7.59%, 08/21/25		112		109,118
2023 Term Loan, (1 mo. SOFR CME at 0.50% Floor + 3.25%), 8.16%, 01/31/30(c)		158		151,697
				618,115
Semiconductors & Semiconductor Equipment(a) — 0.0%
MKS Instruments, Inc., 2022 USD Term Loan B, (1 mo. SOFR CME at 0.50% Floor + 2.75%), 7.61%, 08/17/29		179		178,066
Synaptics, Inc., Term Loan B, (6 mo. LIBOR US at 0.50% Floor + 2.25%), 7.40%, 12/02/28		111		109,284
				287,350
Software(a) — 0.6%
Applied Systems, Inc., 2022 Extended 1st Lien Term Loan, (3 mo. SOFR CME at 0.50% Floor + 4.50%), 9.40%, 09/18/26		40		39,349
Barracuda Networks, Inc., 2022 Term Loan, (3 mo. SOFR CME at 0.50% Floor + 4.50%), 9.18%, 08/15/29		83		79,559
Central Parent, Inc., 2022 USD Term Loan B, (3 mo. SOFR CME at 0.50% Floor + 4.25%), 9.15%, 07/06/29		297		295,941
Cloudera, Inc.
2021 Second Lien Term Loan, (1 mo. SOFR CME at 0.50% Floor + 6.00%), 10.91%, 10/08/29		113		99,629

Security	Par (000)		Value
Software (continued)
Cloudera, Inc. (continued)
2021 Term Loan, (1 mo. SOFR CME at 0.50% Floor + 3.75%), 8.66%, 10/08/28(c)		USD              90	$	85,277
Cornerstone OnDemand, Inc., 2021 Term Loan, (1 mo. LIBOR US at 0.50% Floor + 3.75%), 8.59%, 10/16/28		185		170,320
Digicel International Finance Ltd., 2017 Term Loan B, (1 mo. LIBOR US + 3.25%), 8.08%, 05/28/24		102		91,183
Epicor Software Corp., 2020 Term Loan, (1 mo. LIBOR US at 0.75% Floor + 3.25%), 8.09%, 07/30/27		296		290,412
Informatica LLC, 2021 USD Term Loan B, (1 mo. LIBOR US + 2.75%), 7.63%, 10/27/28		423		419,048
Instructure Holdings, Inc., 2021 Term Loan B, (3 mo. LIBOR US at 0.50% Floor + 2.75%), 7.85%, 10/30/28(c)		99		98,257
Magenta Buyer LLC
2021 USD 1st Lien Term Loan, (3 mo. LIBOR US at 0.75% Floor + 4.75%), 9.58%, 07/27/28		251		206,159
2021 USD 2nd Lien Term Loan, (3 mo. LIBOR US at 0.75% Floor + 8.25%), 13.08%, 07/27/29		193		143,138
McAfee Corp., 2022 USD Term Loan B, (1 mo. SOFR CME at 0.50% Floor + 3.75%), 8.52%, 03/01/29		373		349,856
NortonLifeLock, Inc., 2022 Term Loan B, (1 mo. SOFR CME at 0.50% Floor + 2.00%), 6.91%, 09/12/29		167		165,472
Proofpoint, Inc., 1st Lien Term Loan, (1 mo. LIBOR US at 0.50% Floor + 3.25%), 8.09%, 08/31/28		446		435,562
RealPage, Inc., 1st Lien Term Loan, (1 mo. LIBOR US at 0.50% Floor + 3.00%), 7.84%, 04/24/28		811		785,255
Renaissance Holding Corp., 2023 Refi Term Loan, (1 mo. LIBOR US + 3.25%), 8.09%, 04/05/30		27		25,691
Restoration Hardware, Inc., Term Loan B, (1 mo. LIBOR US at 0.50% Floor + 2.50%), 7.34%, 10/20/28		91		85,064
Severin Acquisition LLC, 2018 Term Loan B, (3 mo. SOFR CME + 3.00%), 7.68%, 08/01/25		238		237,878
Sophia LP, 2021 Term Loan B, (3 mo. LIBOR US at 0.50% Floor + 3.50%), 8.66%, 10/07/27		291		286,669
Tempo Acquisition LLC, 2022 Term Loan B, (1 mo. SOFR CME + 3.00%), 7.81%, 08/31/28		586		585,131
TIBCO Software, Inc., 2022 USD Term Loan, (3 mo. SOFR CME at 0.50% Floor + 4.50%), 9.50%, 03/30/29		620		562,135
UKG, Inc., 2021 2nd Lien Term Loan, (3 mo. LIBOR US at 0.50% Floor + 5.25%), 10.03%, 05/03/27		112		107,435
Ultimate Software Group, Inc., 2021 Term Loan, (3 mo. LIBOR US at 0.50% Floor + 3.25%), 8.03%, 05/04/26		281		273,365
				5,917,785
Specialty Retail — 0.2%
Belron Finance U.S. LLC, 2018 Term Loan B, (3 mo. LIBOR US + 2.25%), 7.13%, 11/13/25(a)		371		370,691
EG Group Ltd., 2021 Term Loan, (1 mo. LIBOR US at 0.50% Floor + 4.25%), 9.09%, 03/31/26(a)		321		305,853
Fanatics Commerce Intermediate Holdco LLC, Term Loan B, (1 mo. LIBOR US at 0.50% Floor + 3.25%), 8.09%, 11/24/28(a)		179		178,388
Mavis Tire Express Services Corp., 2021 Term Loan B, (1 mo. SOFR CME at 0.75% Floor + 4.00%), 8.92%, 05/04/28(a)		271		265,731

S C H E D U L E  O F  I N V E S T M  E N T S 24

Schedule of Investments (unaudited) (continued) March 31, 2023 BlackRock Credit Allocation Income Trust (BTZ) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Specialty Retail (continued)
MED ParentCo LP, 1st Lien Term Loan, (1 mo. LIBOR US + 4.25%), 9.09%, 08/31/26(a)		USD            183	$	159,902
Midas Intermediate Holdco II LLC, 2022 PIK Term Loan, (1 mo. SOFR CME at 0.75% Floor + 8.35%, 1.50% PIK), 13.11%, 06/30/27(a)		339		275,597
PetSmart, Inc., 2021 Term Loan B, (1 mo. SOFR CME at 0.75% Floor + 3.75%), 8.66%, 02/11/28(a)		399		395,398
Pilot Travel Centers LLC, 2021 Term Loan B, (1 mo. SOFR CME + 2.00%), 6.91%, 08/04/28(a)		178		177,349
Restoration Hardware, Inc., 2022 Incremental Term Loan, (1 mo. SOFR CME at 0.50% Floor + 3.25%), 8.16%, 10/20/28(a)		90		84,037
Reverb Buyer, Inc., 2021 1st Lien Term Loan, (3 mo. SOFR CME at 0.50% Floor + 3.25%), 8.24%, 11/01/28(a)		233		225,786
Sally Holdings LLC, 2023 Term Loan B, (3 mo. SOFR CME + 2.50%), 7.31%, 02/28/30(c)		73		72,726
				2,511,458
Technology Hardware, Storage & Peripherals — 0.0%
Electronics for Imaging, Inc., Term Loan, (1 mo. LIBOR US + 5.00%), 10.21%, 07/23/26(a)		67		52,029
Textiles, Apparel & Luxury Goods — 0.0%
Crocs, Inc., Term Loan B, (1 mo. SOFRTE at 0.50% Floor + 3.50%), 8.41%, 02/20/29(a)		137		136,201
Hanesbrands, Inc., 2023 Term Loan B, (1 mo. SOFR CME at 0.50% Floor + 3.75%), 8.56%, 03/08/30(c)		58		57,710
				193,911
Trading Companies & Distributors(a) — 0.0%
Beacon Roofing Supply, Inc., 2021 Term Loan B, (1 mo. LIBOR US + 2.25%), 7.09%, 05/19/28		185		184,324
ION Trading Finance Ltd., 2021 USD Term Loan, (3 mo. LIBOR US + 4.75%), 9.91%, 04/03/28		74		69,569
SRS Distribution, Inc., 2022 Incremental Term Loan, (1 mo. SOFR CME + 3.25%), 8.16%, 06/02/28		67		64,437
TMK Hawk Parent Corp., 2020 Super Priority Second Out Term Loan B, (3 mo. LIBOR US at 1.00% Floor + 3.50%), 8.46%, 08/28/24		121		67,639
				385,969
Transportation Infrastructure — 0.0%
KKR Apple Bidco LLC, 2021 2nd Lien Term Loan, (1 mo. LIBOR US at 0.50% Floor + 5.75%), 10.59%, 09/21/29(a)		15		14,659
Wireless Telecommunication Services(a) — 0.0%
GOGO Intermediate Holdings LLC, Term Loan B, (3 mo. SOFR CME at 0.75% Floor + 3.75%), 8.70%, 04/30/28		74		73,410
SBA Senior Finance II LLC, 2018 Term Loan B, (1 mo. LIBOR US + 1.75%), 6.60%, 04/11/25		187		186,300
				259,710
Total Floating Rate Loan Interests — 6.4% (Cost: $71,036,767)				68,602,906

Security	Par (000)		Value
Foreign Agency Obligations
Brazil — 0.5%
Brazilian Government International Bond, 5.00%, 01/27/45		USD         6,525	$	5,121,309
China — 0.1%
China Development Bank/Hong Kong, 2.00%, 02/16/27(e)		200		185,396
China Government International Bond, 2.63%, 11/02/27(e)		200		190,974
Export-Import Bank of China, 3.38%, 03/14/27(e)		200		194,630
				571,000
Colombia — 0.3%
Colombia Government International Bond, 5.63%, 02/26/44(d)		4,000		3,022,000
Hong Kong — 0.0%
Airport Authority Hong Kong, 3.25%, 01/12/52		200		152,326
India — 0.0%
Export-Import Bank of India, 3.88%, 02/01/28(e)		200		188,788
Indonesia — 0.6%
Indonesia Government International Bond 5.88%, 01/15/24(b)(d)		4,400		4,438,984
4.65%, 09/20/32		250		249,090
4.85%, 01/11/33		200		201,272
5.25%, 01/17/42(e)		200		198,912
4.75%, 07/18/47(e)		200		186,522
3.70%, 10/30/49		200		158,522
3.50%, 02/14/50		200		153,163
Perusahaan Penerbit SBSN Indonesia III(e) 1.50%, 06/09/26		200		182,022
4.40%, 06/06/27		200		198,772
				5,967,259
Mexico — 0.5%
Mexico Government International Bond, 4.75%, 03/08/44(d)		5,800		4,923,837
Pakistan — 0.0%
Pakistan Government International Bond(e)
6.00%, 04/08/26		450		162,050
7.38%, 04/08/31		200		69,522
				231,572
Philippines — 0.0%
Philippines Government International Bond 3.70%, 03/01/41		300		249,033
2.65%, 12/10/45		200		137,022
				386,055
Qatar — 0.0%
Qatar Government International Bond, 5.10%, 04/23/48(e)		200		203,000
Republic of Korea — 0.0%
Korea Development Bank, 4.38%, 02/15/33		200		197,954
Saudi Arabia — 0.1%
Saudi Government International Bond(e) 4.00%, 04/17/25		200		197,850

25

Schedule of Investments (unaudited) (continued) March 31, 2023 BlackRock Credit Allocation Income Trust (BTZ) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Saudi Arabia (continued)
Saudi Government International Bond(e) (continued)
4.75%, 01/18/28		USD            250	$	253,000
4.50%, 10/26/46		200		175,537
				626,387
South Korea — 0.1%
Export-Import Bank of Korea
0.63%, 06/29/24		250		237,625
1.63%, 01/18/27		200		180,694
Korea Development Bank
3.75%, 01/22/24		200		198,100
2.00%, 02/24/25		200		190,560
Korea Electric Power Corp., 3.63%, 06/14/25(e)		300		292,641
Korea Expressway Corp., 1.13%, 05/17/26(e)		200		178,610
				1,278,230
Uruguay — 0.3%
Uruguay Government International Bond, 5.10%, 06/18/50(d)		3,500		3,510,500
Total Foreign Agency Obligations — 2.5% (Cost: $29,489,711)				26,380,217
	Shares
Investment Companies
Financial Services — 0.1%
Invesco Senior Loan ETF		45,000		936,000
Total Investment Companies — 0.1% (Cost: $925,698)				936,000
	Par (000)
Municipal Bonds
New York — 1.0%
Metropolitan Transportation Authority, RB, BAB, 6.55%, 11/15/31(d)		USD        10,000		10,472,300
Total Municipal Bonds — 1.0% (Cost: $9,833,900)				10,472,300
Preferred Securities
Capital Trusts — 10.5%
Automobiles — 0.2%
General Motors Financial Co., Inc., Series C, 5.70%(a)(d)(f)		2,565		2,207,567
Banks(a)(f) — 3.6%
HSBC Capital Funding Dollar 1 LP, 10.18%(b)		11,835		14,189,109
Industrial & Commercial Bank of China Ltd., 3.20%(e)		300		280,500
ING Groep NV, 3.88%		2,284		1,656,083
Macquarie Bank Ltd., 6.13%(b)		1,885		1,624,663
Nordea Bank Abp, 6.13%(b)		5,540		5,122,086

Security	Par (000)		Value
Banks (continued)
PNC Financial Services Group, Inc., Series V, 6.20%(d)		USD         5,529	$	5,201,960
Rizal Commercial Banking Corp., 6.50%(e)		700		617,444
TMBThanachart Bank PCL, 4.90%(e)		700		637,000
U.S. Bancorp, Series J, 5.30%(d)		10,415		8,863,188
Wells Fargo & Co., Series S, 5.90%(d)		281		266,402
				38,458,435
Capital Markets — 0.1%
State Street Corp., Series F, 8.46%(a)(f)		618		613,338
Electric Utilities — 0.7%
PPL Capital Funding, Inc., Series A, 7.83%, 03/30/67(a)		8,300		7,176,796
Financial Services — 3.6%
Bank of America Corp., Series U, 5.20%(a)(f)		5,785		5,607,834
Barclays PLC(a)(f)
4.38%		1,630		1,114,288
8.00%		4,500		4,050,000
BNP Paribas SA, 7.38%(a)(b)(f)		4,535		4,304,123
Credit Agricole SA, 8.13%(a)(b)(f)		5,000		4,817,390
JPMorgan Chase & Co., 8.75%, 09/01/30(d)		2,000		2,398,570
Lloyds Banking Group PLC, 7.50%(a)(f)		8,285		7,686,989
NatWest Group PLC, 8.00%(a)(f)		970		958,942
UBS Group AG, 7.00%(a)(b)(f)		7,500		7,115,325
				38,053,461
Independent Power and Renewable Electricity Producers — 0.0%
Vistra Corp., 7.00%(a)(b)(f)		481		423,280
Insurance — 1.7%
ACE Capital Trust II, 9.70%, 04/01/30(d)		7,000		8,314,822
Equitable of Iowa Cos Capital Trust II, Series B, 8.42%, 04/01/27		5,000		4,765,930
Kyobo Life Insurance Co. Ltd., 5.90%, 06/15/52(a)(e)		200		188,038
MetLife, Inc., 6.40%, 12/15/66(d)		5,000		4,838,200
				18,106,990
Oil, Gas & Consumable Fuels — 0.2%
Enterprise Products Operating LLC, 7.74%, 06/01/67(a)		2,500		2,161,379
Real Estate Management & Development — 0.0%
NWD Finance BVI Ltd., 4.13%(a)(e)(f)		409		305,165
Wireless Telecommunication Services — 0.4%
Vodafone Group PLC, 7.00%, 04/04/79(a)		4,745		4,723,505
				112,229,916
	Shares
Preferred Stocks — 3.6%
Banks(a)(f) — 2.3%
Citigroup, Inc., Series K		488,320		12,105,453
Wells Fargo & Co., Series Q		550,500		12,804,630
				24,910,083

S C H E D U L E  O F  I N V E S T M  E N T S 26

Schedule of Investments (unaudited) (continued) March 31, 2023 BlackRock Credit Allocation Income Trust (BTZ) (Percentages shown are based on Net Assets)

Security	Shares		Value
Capital Markets(a)(f) — 0.8%
Goldman Sachs Group, Inc., Series J		162,450	$	4,032,009
State Street Corp., Series D		220,495		5,144,148
				9,176,157
IT Services — 0.5%
ByteDance Ltd., Series E-1, (Acquired 11/11/20, Cost: $3,403,593)(c)(n)		31,062		4,912,917
				38,999,157
Total Preferred Securities — 14.1% (Cost: $162,224,453)				151,229,073
	Par (000)
U.S. Government Sponsored Agency Securities
Mortgage-Backed Securities — 14.7%
Uniform Mortgage-Backed Securities, 4.50%, 04/13/53(o)		USD     160,000		156,767,330
Total U.S. Government Sponsored Agency Securities — 14.7% (Cost: $155,325,000)				156,767,330
	Shares
Warrants
Consumer Discretionary — 0.0%
Service King (Carnelian Point), (Expires 06/30/27, Strike Price USD 10.00)(k)		450		—
Total Warrants — 0.0% (Cost: $ — )				—
Total Long-Term Investments — 164.3% (Cost: $1,840,319,801)				1,757,788,672
Short-Term Securities
Money Market Funds — 1.1%
BlackRock Liquidity Funds, T-Fund, Institutional Class, 4.70%(p)(q)		11,144,844		11,144,844
Total Short-Term Securities — 1.1% (Cost: $11,144,844)				11,144,844
Total Investments — 165.4% (Cost: $1,851,464,645)				1,768,933,516
Liabilities in Excess of Other Assets — (65.4)%				(699,258,992	)
Net Assets — 100.0%			$	1,069,674,524

^(a)  Variable rate security. Interest rate resets periodically. The rate shown is the effective interest rate as of period end. Security description also includes the reference rate and spread if published and available.

^(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)  Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

^(d)  All or a portion of the security has been pledged as collateral in connection with outstanding reverse repurchase agreements.

^(e)  This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933.

^(f)  Perpetual security with no stated maturity date.

^(g)  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.

^(h)  Convertible security.

⁽ⁱ⁾  Zero-coupon bond.

^(j)  Issuer filed for bankruptcy and/or is in default.

^(k)  Non-income producing security.

^(l)  Represents an unsettled loan commitment at period end. Certain details associated with this purchase are not known prior to the settlement date, including coupon rate.

^(m)  Rounds to less than 1,000.

⁽ⁿ⁾  Restricted security as to resale, excluding 144A securities. The Trust held restricted securities with a current value of $4,912,917, representing 0.5% of its net assets as of period end, and an original cost of $3,403,593.

^(o)  Represents or includes a TBA transaction.

^(p)  Affiliate of the Trust.

^(q)  Annualized 7-day yield as of period end.

For Trust compliance purposes, the Trust’s industry classifications refer to one or more of the industry sub-classifications used by one or more widely recognized market indexes or rating group indexes, and/or as defined by the investment adviser. These definitions may not apply for purposes of this report, which may combine such industry sub-classifications for reporting ease.

27

Schedule of Investments (unaudited) (continued) March 31, 2023 BlackRock Credit Allocation Income Trust (BTZ)

Affiliates

Investments in issuers considered to be affiliate(s) of the Trust during the period ended March 31, 2023 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

Affiliated Issuer	Value at 12/31/22		Purchases at Cost			Proceeds from Sales		Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Value at 03/31/23		Shares Held at 03/31/23		Income		Capital Gain Distributions from Underlying Funds
BlackRock Liquidity Funds, T-Fund, Institutional Class	$	8,145,069	$	2,999,775	(a)	$	—	$	—	$	—	$	11,144,844		11,144,844	$	74,339	$	—

^(a)  Represents net amount purchased (sold).

Reverse Repurchase Agreements

Counterparty	Interest Rate		Trade Date	Maturity Date	(a)		Face Value		Face Value Including Accrued Interest	Type of Non-Cash Underlying Collateral	Remaining     Contractual Maturity     of the Agreements(a)
Barclays Capital, Inc.	5.10	%(b)	01/19/23	Open		$	9,837,500	$	9,929,002	Municipal Bonds	Open/Demand
BNP Paribas S.A.	4.82	(b)	01/23/23	Open			1,856,250		1,871,600	Corporate Bonds	Open/Demand
BNP Paribas S.A.	4.99	(b)	01/23/23	Open			342,860		345,804	Corporate Bonds	Open/Demand
BNP Paribas S.A.	4.87	(b)	01/26/23	Open			5,266,372		5,308,493	Capital Trusts	Open/Demand
Nomura Securities International, Inc.	4.98	(b)	01/26/23	Open			986,580		994,664	Corporate Bonds	Open/Demand
BNP Paribas S.A.	4.95	(b)	02/06/23	Open			1,718,306		1,730,208	Corporate Bonds	Open/Demand
Barclays Capital, Inc.	5.00	(b)	02/08/23	Open			3,320,905		3,343,275	Corporate Bonds	Open/Demand
BNP Paribas S.A.	4.82	(b)	02/08/23	Open			2,695,000		2,712,467	Corporate Bonds	Open/Demand
BNP Paribas S.A.	4.90	(b)	02/08/23	Open			963,970		970,327	Corporate Bonds	Open/Demand
BNP Paribas S.A.	4.94	(b)	02/08/23	Open			1,915,000		1,927,737	Capital Trusts	Open/Demand
BNP Paribas S.A.	4.95	(b)	02/08/23	Open			5,100,000		5,133,993	Corporate Bonds	Open/Demand
Nomura Securities International, Inc.	4.85	(b)	02/08/23	Open			425,415		428,190	Corporate Bonds	Open/Demand
Nomura Securities International, Inc.	4.85	(b)	02/08/23	Open			5,617,500		5,654,146	Corporate Bonds	Open/Demand
Nomura Securities International, Inc.	4.98	(b)	02/08/23	Open			561,018		564,781	Corporate Bonds	Open/Demand
Nomura Securities International, Inc.	4.98	(b)	02/08/23	Open			1,193,357		1,201,362	Corporate Bonds	Open/Demand
Nomura Securities International, Inc.	4.98	(b)	02/08/23	Open			1,267,467		1,275,969	Corporate Bonds	Open/Demand
Nomura Securities International, Inc.	4.98	(b)	02/08/23	Open			220,150		221,627	Corporate Bonds	Open/Demand
Nomura Securities International, Inc.	4.98	(b)	02/08/23	Open			1,810,000		1,822,141	Corporate Bonds	Open/Demand
Nomura Securities International, Inc.	4.98	(b)	02/08/23	Open			627,568		631,777	Corporate Bonds	Open/Demand
Nomura Securities International, Inc.	4.98	(b)	02/08/23	Open			863,108		868,897	Corporate Bonds	Open/Demand
Nomura Securities International, Inc.	4.98	(b)	02/08/23	Open			766,325		771,465	Corporate Bonds	Open/Demand
Nomura Securities International, Inc.	4.98	(b)	02/08/23	Open			386,170		388,760	Corporate Bonds	Open/Demand
RBC Capital Markets LLC	4.95	(b)	02/08/23	Open			6,512,469		6,555,876	Corporate Bonds	Open/Demand
RBC Capital Markets LLC	5.00	(b)	02/08/23	Open			4,676,062		4,707,561	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	4.99	(b)	02/08/23	Open			772,375		777,567	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	4.99	(b)	02/08/23	Open			2,946,937		2,966,747	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	4.99	(b)	02/08/23	Open			2,743,125		2,761,564	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	4.99	(b)	02/08/23	Open			4,301,550		4,330,465	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	4.99	(b)	02/08/23	Open			6,087,000		6,127,916	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	4.99	(b)	02/08/23	Open			4,036,620		4,063,754	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	4.99	(b)	02/08/23	Open			2,141,319		2,155,713	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	4.99	(b)	02/08/23	Open			1,145,025		1,152,722	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	4.99	(b)	02/08/23	Open			3,092,344		3,113,130	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	4.99	(b)	02/08/23	Open			902,275		908,340	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	4.99	(b)	02/08/23	Open			4,106,250		4,133,852	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	4.99	(b)	02/08/23	Open			456,438		459,506	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	4.99	(b)	02/08/23	Open			3,850,000		3,875,879	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	4.99	(b)	02/08/23	Open			2,149,949		2,164,401	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	4.99	(b)	02/08/23	Open			5,038,867		5,072,738	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	4.99	(b)	02/08/23	Open			4,640,625		4,671,819	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	4.99	(b)	02/08/23	Open			838,906		844,545	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	4.99	(b)	02/08/23	Open			5,692,500		5,730,765	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	4.99	(b)	02/08/23	Open			3,003,905		3,024,097	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	4.99	(b)	02/08/23	Open			620,311		624,481	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	4.99	(b)	02/08/23	Open			4,852,447		4,885,065	Corporate Bonds	Open/Demand
Nomura Securities International, Inc.	4.98	(b)	02/09/23	Open			423,465		426,250	Corporate Bonds	Open/Demand
Nomura Securities International, Inc.	4.98	(b)	02/10/23	Open			158,400		159,379	Corporate Bonds	Open/Demand

S C H E D U L E  O F  I N V E S T M  E N T S 28

Schedule of Investments (unaudited) (continued) March 31, 2023 BlackRock Credit Allocation Income Trust (BTZ)

Reverse Repurchase Agreements (continued)

Counterparty	Interest Rate		Trade Date	Maturity Date	(a)		Face Value		Face Value Including Accrued Interest	Type of Non-Cash Underlying Collateral	Remaining     Contractual Maturity     of the Agreements(a)
BNP Paribas S.A.	4.95	%(b)	02/14/23	Open		$	587,275	$	590,729	Corporate Bonds	Open/Demand
Nomura Securities International, Inc.	4.98	(b)	02/14/23	Open			344,875		346,916	Corporate Bonds	Open/Demand
Nomura Securities International, Inc.	4.98	(b)	02/14/23	Open			437,483		440,072	Corporate Bonds	Open/Demand
Nomura Securities International, Inc.	4.98	(b)	02/14/23	Open			222,945		224,265	Corporate Bonds	Open/Demand
Nomura Securities International, Inc.	4.98	(b)	02/14/23	Open			354,476		356,575	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	4.99	(b)	02/15/23	Open			7,070,025		7,111,964	Corporate Bonds	Open/Demand
BNP Paribas S.A.	4.86	(b)	02/16/23	Open			1,091,200		1,097,216	Corporate Bonds	Open/Demand
BNP Paribas S.A.	4.95	(b)	02/17/23	Open			281,280		282,695	Corporate Bonds	Open/Demand
Nomura Securities International, Inc.	4.98	(b)	02/24/23	Open			386,049		387,725	Corporate Bonds	Open/Demand
Nomura Securities International, Inc.	4.98	(b)	02/24/23	Open			373,279		374,900	Corporate Bonds	Open/Demand
Nomura Securities International, Inc.	4.98	(b)	02/24/23	Open			861,720		865,462	Corporate Bonds	Open/Demand
BNP Paribas S.A.	4.90	(b)	02/27/23	Open			475,695		477,665	Corporate Bonds	Open/Demand
Nomura Securities International, Inc.	4.98	(b)	02/28/23	Open			433,888		435,658	Corporate Bonds	Open/Demand
BNP Paribas S.A.	4.65	(b)	03/06/23	Open			383,895		385,071	Corporate Bonds	Open/Demand
BNP Paribas S.A.	4.90	(b)	03/06/23	Open			445,600		447,042	Corporate Bonds	Open/Demand
BNP Paribas S.A.	4.90	(b)	03/06/23	Open			3,108,562		3,118,622	Corporate Bonds	Open/Demand
BNP Paribas S.A.	4.92	(b)	03/06/23	Open			1,911,150		1,917,361	Corporate Bonds	Open/Demand
BNP Paribas S.A.	4.95	(b)	03/06/23	Open			325,000		326,063	Corporate Bonds	Open/Demand
BNP Paribas S.A.	4.95	(b)	03/06/23	Open			704,853		707,158	Corporate Bonds	Open/Demand
BNP Paribas S.A.	5.00	(b)	03/06/23	Open			4,068,750		4,082,199	Corporate Bonds	Open/Demand
BNP Paribas S.A.	5.00	(b)	03/06/23	Open			4,412,500		4,427,086	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	4.99	(b)	03/06/23	Open			3,974,850		3,987,961	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	4.99	(b)	03/06/23	Open			3,702,937		3,715,152	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	4.99	(b)	03/06/23	Open			4,568,750		4,583,821	Corporate Bonds	Open/Demand
Nomura Securities International, Inc.	4.98	(b)	03/07/23	Open			863,303		866,031	Corporate Bonds	Open/Demand
BNP Paribas S.A.	4.85	(b)	03/09/23	Open			3,070,687		3,079,341	Corporate Bonds	Open/Demand
BNP Paribas S.A.	4.85	(b)	03/09/23	Open			850,253		852,649	Corporate Bonds	Open/Demand
BNP Paribas S.A.	4.87	(b)	03/09/23	Open			337,864		338,820	Corporate Bonds	Open/Demand
BNP Paribas S.A.	4.87	(b)	03/09/23	Open			283,800		284,603	Corporate Bonds	Open/Demand
RBC Capital Markets LLC	5.00	(b)	03/15/23	Open			12,445,590		12,471,950	Corporate Bonds	Open/Demand
RBC Capital Markets LLC	5.00	(b)	03/15/23	Open			1,723,837		1,727,716	Corporate Bonds	Open/Demand
RBC Capital Markets LLC	5.00	(b)	03/17/23	Open			11,450,000		11,472,741	Corporate Bonds	Open/Demand
BNP Paribas S.A.	4.94	(b)	03/20/23	Open			496,000		496,714	Corporate Bonds	Open/Demand
Barclays Capital, Inc.	4.25		03/23/23	04/11/23			444,765		445,185	Corporate Bonds	Up to 30 Days
Barclays Capital, Inc.	4.25		03/23/23	04/11/23			106,349		106,449	Corporate Bonds	Up to 30 Days
Barclays Capital, Inc.	4.95		03/23/23	04/11/23			5,568,425		5,574,550	Corporate Bonds	Up to 30 Days
Barclays Capital, Inc.	4.95		03/23/23	04/11/23			3,868,750		3,873,006	Corporate Bonds	Up to 30 Days
Barclays Capital, Inc.	4.95		03/23/23	04/11/23			5,036,250		5,041,790	Corporate Bonds	Up to 30 Days
Barclays Capital, Inc.	4.95		03/23/23	04/11/23			8,488,225		8,497,562	Capital Trusts	Up to 30 Days
Barclays Capital, Inc.	4.95		03/23/23	04/11/23			11,891,160		11,904,240	Corporate Bonds	Up to 30 Days
Barclays Capital, Inc.	4.95		03/23/23	04/11/23			2,407,181		2,409,829	Corporate Bonds	Up to 30 Days
J.P. Morgan Securities LLC	4.00		03/23/23	04/12/23			949,475		950,319	Corporate Bonds	Up to 30 Days
J.P. Morgan Securities LLC	4.75		03/23/23	04/12/23			135,424		135,567	Corporate Bonds	Up to 30 Days
J.P. Morgan Securities LLC	4.75		03/23/23	04/12/23			502,934		503,465	Corporate Bonds	Up to 30 Days
J.P. Morgan Securities LLC	4.90		03/23/23	04/12/23			1,828,879		1,830,870	Corporate Bonds	Up to 30 Days
J.P. Morgan Securities LLC	4.90		03/23/23	04/12/23			240,923		241,185	Corporate Bonds	Up to 30 Days
J.P. Morgan Securities LLC	4.90		03/23/23	04/12/23			419,200		419,656	Corporate Bonds	Up to 30 Days
J.P. Morgan Securities LLC	4.90		03/23/23	04/12/23			449,750		450,240	Corporate Bonds	Up to 30 Days
J.P. Morgan Securities LLC	4.95		03/23/23	04/12/23			3,606,250		3,610,217	Corporate Bonds	Up to 30 Days
J.P. Morgan Securities LLC	4.95		03/23/23	04/12/23			1,491,200		1,492,840	Corporate Bonds	Up to 30 Days
J.P. Morgan Securities LLC	4.95		03/23/23	04/12/23			527,240		527,820	Corporate Bonds	Up to 30 Days
J.P. Morgan Securities LLC	4.95		03/23/23	04/12/23			2,215,125		2,217,562	Corporate Bonds	Up to 30 Days
J.P. Morgan Securities LLC	4.95		03/23/23	04/12/23			667,500		668,234	Corporate Bonds	Up to 30 Days
J.P. Morgan Securities LLC	4.95		03/23/23	04/12/23			440,834		441,319	Corporate Bonds	Up to 30 Days
J.P. Morgan Securities LLC	4.95		03/23/23	04/12/23			660,288		661,014	Corporate Bonds	Up to 30 Days
J.P. Morgan Securities LLC	4.95		03/23/23	04/12/23			639,141		639,844	Corporate Bonds	Up to 30 Days
J.P. Morgan Securities LLC	5.00		03/23/23	04/12/23			143,750		143,910	Corporate Bonds	Up to 30 Days
J.P. Morgan Securities LLC	5.00		03/23/23	04/12/23			797,790		798,676	Corporate Bonds	Up to 30 Days
J.P. Morgan Securities LLC	5.00		03/23/23	04/12/23			3,526,462		3,530,381	Corporate Bonds	Up to 30 Days
J.P. Morgan Securities LLC	5.00		03/23/23	04/12/23			832,000		832,924	Corporate Bonds	Up to 30 Days
J.P. Morgan Securities LLC	5.00		03/23/23	04/12/23			1,130,962		1,132,219	Corporate Bonds	Up to 30 Days
J.P. Morgan Securities LLC	5.00		03/23/23	04/12/23			360,000		360,400	Corporate Bonds	Up to 30 Days

29

Schedule of Investments (unaudited) (continued) March 31, 2023 BlackRock Credit Allocation Income Trust (BTZ)

Reverse Repurchase Agreements (continued)

Counterparty	Interest Rate		Trade Date	Maturity Date	(a)		Face Value		Face Value Including Accrued Interest	Type of Non-Cash Underlying Collateral	Remaining     Contractual Maturity     of the Agreements(a)
J.P. Morgan Securities LLC	5.00	%	03/23/23	04/12/23		$	540,769	$	541,370	Corporate Bonds	Up to 30 Days
J.P. Morgan Securities LLC	5.00		03/23/23	04/12/23			141,000		141,157	Corporate Bonds	Up to 30 Days
J.P. Morgan Securities LLC	5.00		03/23/23	04/12/23			262,783		263,074	Corporate Bonds	Up to 30 Days
J.P. Morgan Securities LLC	5.00		03/23/23	04/12/23			386,875		387,305	Corporate Bonds	Up to 30 Days
J.P. Morgan Securities LLC	5.00		03/23/23	04/12/23			82,215		82,306	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	3.65		03/23/23	05/10/23			431,935		432,285	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	4.00		03/23/23	05/10/23			804,433		805,148	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	4.50		03/23/23	05/10/23			242,798		243,040	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	4.50		03/23/23	05/10/23			1,918,750		1,920,669	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	4.72		03/23/23	05/10/23			3,727,935		3,731,845	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	4.72		03/23/23	05/10/23			733,556		734,326	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	4.75		03/23/23	05/10/23			1,283,800		1,285,155	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	4.85		03/23/23	05/10/23			1,211,981		1,213,287	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	4.85		03/23/23	05/10/23			1,722,270		1,724,126	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	4.85		03/23/23	05/10/23			340,505		340,872	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	4.90		03/23/23	05/10/23			198,808		199,024	Capital Trusts	31 - 90 Days
BofA Securities, Inc.	4.90		03/23/23	05/10/23			1,040,557		1,041,691	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	4.90		03/23/23	05/10/23			760,000		760,828	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	4.90		03/23/23	05/10/23			1,100,287		1,101,486	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	4.90		03/23/23	05/10/23			469,000		469,511	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	4.90		03/23/23	05/10/23			564,000		564,614	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	4.90		03/23/23	05/10/23			284,000		284,309	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	4.90		03/23/23	05/10/23			369,709		370,111	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	4.90		03/23/23	05/10/23			1,746,891		1,748,793	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	4.90		03/23/23	05/10/23			261,170		261,454	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	4.90		03/23/23	05/10/23			1,102,500		1,103,701	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	4.90		03/23/23	05/10/23			1,076,060		1,077,232	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	4.90		03/23/23	05/10/23			407,471		407,915	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	4.90		03/23/23	05/10/23			140,250		140,403	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	4.90		03/23/23	05/10/23			121,958		122,090	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	4.90		03/23/23	05/10/23			449,313		449,802	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	4.90		03/23/23	05/10/23			598,748		599,399	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	4.90		03/23/23	05/10/23			903,750		904,734	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	4.90		03/23/23	05/10/23			1,135,822		1,137,059	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	4.90		03/23/23	05/10/23			528,660		529,236	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	4.90		03/23/23	05/10/23			969,641		970,697	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	4.90		03/23/23	05/10/23			581,175		581,808	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	4.90		03/23/23	05/10/23			386,366		386,787	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	4.90		03/23/23	05/10/23			378,585		378,997	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	4.90		03/23/23	05/10/23			160,650		160,825	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	4.90		03/23/23	05/10/23			277,609		277,911	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	4.90		03/23/23	05/10/23			260,440		260,724	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	4.90		03/23/23	05/10/23			1,673,852		1,675,675	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	4.90		03/23/23	05/10/23			1,332,375		1,333,826	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	4.95		03/23/23	05/10/23			644,719		645,428	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	4.95		03/23/23	05/10/23			1,263,360		1,264,750	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	4.95		03/23/23	05/10/23			1,059,337		1,060,503	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	4.95		03/23/23	05/10/23			1,256,067		1,257,449	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	4.95		03/23/23	05/10/23			108,191		108,310	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	4.95		03/23/23	05/10/23			1,369,335		1,370,841	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	4.95		03/23/23	05/10/23			88,879		88,977	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	4.95		03/23/23	05/10/23			1,069,076		1,070,252	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	4.95		03/23/23	05/10/23			438,600		439,082	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	4.95		03/23/23	05/10/23			348,125		348,508	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	4.95		03/23/23	05/10/23			865,975		866,928	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	4.95		03/23/23	05/10/23			484,930		485,463	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	4.95		03/23/23	05/10/23			489,915		490,454	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	4.95		03/23/23	05/10/23			652,500		653,218	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	4.97		03/23/23	05/10/23			4,368,184		4,373,008	Foreign Agency Obligations	31 - 90 Days
BofA Securities, Inc.	4.98		03/23/23	05/10/23			2,782,500		2,785,579	Capital Trusts	31 - 90 Days
BofA Securities, Inc.	4.98		03/23/23	05/10/23			2,703,750		2,706,742	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	5.00		03/23/23	05/10/23			494,375		494,924	Corporate Bonds	31 - 90 Days

S C H E D U L E  O F  I N V E S T M  E N T S 30

Schedule of Investments (unaudited) (continued) March 31, 2023 BlackRock Credit Allocation Income Trust (BTZ)

Reverse Repurchase Agreements (continued)

Counterparty	Interest Rate		Trade Date	Maturity Date	(a)		Face Value		Face Value Including Accrued Interest	Type of Non-Cash Underlying Collateral	Remaining     Contractual Maturity     of the Agreements(a)
BofA Securities, Inc.	5.00	%	03/23/23	05/10/23		$	3,412,676	$	3,416,468	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	5.00		03/23/23	05/10/23			211,023		211,257	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	5.00		03/23/23	05/10/23			536,923		537,519	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	5.00		03/23/23	05/10/23			302,400		302,736	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	5.00		03/23/23	05/10/23			606,060		606,733	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	5.00		03/23/23	05/10/23			1,701,179		1,703,070	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	5.00		03/23/23	05/10/23			1,196,796		1,198,126	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	5.00		03/23/23	05/10/23			3,447,587		3,451,418	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	5.00		03/23/23	05/10/23			316,988		317,340	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	5.00		03/23/23	05/10/23			837,463		838,393	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	5.00		03/23/23	05/10/23			381,906		382,331	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	5.00		03/23/23	05/10/23			272,213		272,515	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	5.00		03/23/23	05/10/23			888,720		889,707	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	5.00		03/23/23	05/10/23			5,050,000		5,055,611	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	5.00		03/23/23	05/10/23			772,166		773,024	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	5.00		03/23/23	05/10/23			132,403		132,550	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	5.00		03/23/23	05/10/23			2,185,000		2,187,428	Foreign Agency Obligations	31 - 90 Days
BofA Securities, Inc.	5.00		03/23/23	05/10/23			514,550		515,122	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	5.00		03/23/23	05/10/23			4,716,480		4,721,721	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	5.00		03/23/23	05/10/23			7,456,294		7,464,579	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	5.00		03/23/23	05/10/23			235,849		236,111	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	5.00		03/23/23	05/10/23			823,668		824,583	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	5.00		03/23/23	05/10/23			92,261		92,364	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	5.09		03/23/23	05/10/23			525,683		526,277	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	5.09		03/23/23	05/10/23			771,188		772,060	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	5.09		03/23/23	05/10/23			631,085		631,799	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	5.09		03/23/23	05/10/23			563,296		563,933	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	5.09		03/23/23	05/10/23			476,425		476,964	Corporate Bonds	31 -90 Days
BofA Securities, Inc.	5.09		03/23/23	05/10/23			320,565		320,928	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	5.09		03/23/23	05/10/23			1,153,920		1,155,225	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	5.09		03/23/23	05/10/23			81,524		81,616	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	5.09		03/23/23	05/10/23			451,825		452,336	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	5.09		03/23/23	05/10/23			719,086		719,900	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	5.09		03/23/23	05/10/23			428,523		429,007	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	5.09		03/23/23	05/10/23			473,375		473,910	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	5.09		03/23/23	05/10/23			215,670		215,914	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	5.09		03/23/23	05/10/23			955,711		956,792	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	5.09		03/23/23	05/10/23			331,100		331,475	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	5.09		03/23/23	05/10/23			930,275		931,327	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	5.09		03/23/23	05/10/23			587,744		588,409	Corporate Bonds	31 - 90 Days
BofA Securities, Inc.	5.09		03/23/23	05/10/23			101,430		101,545	Corporate Bonds	31 - 90 Days
TD Securities (USA) LLC	5.00	(b)	03/23/23	Open			6,446,907		6,454,071	Corporate Bonds	Open/Demand
BNP Paribas S.A	4.80	(b)	03/24/23	Open			767,500		768,012	Corporate Bonds	Open/Demand
BNP Paribas S.A	4.85	(b)	03/24/23	Open			271,645		271,828	Corporate Bonds	Open/Demand
BofA Securities, Inc.	5.00		03/27/23	05/10/23			5,187,500		5,190,382	Corporate Bonds	31 - 90 Days
Barclays Capital, Inc.	4.87	(b)	03/27/23	Open			3,599,100		3,601,048	Corporate Bonds	Open/Demand
Barclays Capital, Inc.	5.00	(b)	03/27/23	Open			158,750		158,838	Corporate Bonds	Open/Demand
BNP Paribas S.A	4.89	(b)	03/27/23	Open			154,200		154,284	Corporate Bonds	Open/Demand
BNP Paribas S.A	4.90	(b)	03/27/23	Open			1,392,947		1,393,706	Corporate Bonds	Open/Demand
BNP Paribas S.A	4.98	(b)	03/27/23	Open			525,400		525,691	Corporate Bonds	Open/Demand
BNP Paribas S.A	4.99	(b)	03/27/23	Open			538,265		538,563	Corporate Bonds	Open/Demand
BNP Paribas S.A	5.00	(b)	03/27/23	Open			729,938		730,343	Corporate Bonds	Open/Demand
BNP Paribas S.A	5.00	(b)	03/27/23	Open			8,606,150		8,610,931	Corporate Bonds	Open/Demand
Nomura Securities International, Inc.	4.98	(b)	03/27/23	Open			913,095		913,600	Corporate Bonds	Open/Demand
Nomura Securities International, Inc.	4.98	(b)	03/27/23	Open			211,750		211,867	Corporate Bonds	Open/Demand
Nomura Securities International, Inc.	4.98	(b)	03/27/23	Open			125,750		125,820	Corporate Bonds	Open/Demand
Nomura Securities International, Inc.	4.98	(b)	03/27/23	Open			251,843		251,982	Corporate Bonds	Open/Demand
RBC Capital Markets LLC	5.00	(b)	03/27/23	Open			2,285,000		2,286,269	Capital Trusts	Open/Demand
RBC Capital Markets LLC	5.00	(b)	03/27/23	Open			4,840,512		4,843,202	Corporate Bonds	Open/Demand
RBC Capital Markets LLC	5.00	(b)	03/27/23	Open			2,497,750		2,499,138	Corporate Bonds	Open/Demand
RBC Capital Markets LLC	5.00	(b)	03/27/23	Open			2,909,156		2,910,772	Corporate Bonds	Open/Demand
RBC Capital Markets LLC	5.00	(b)	03/27/23	Open			3,997,256		3,999,477	Corporate Bonds	Open/Demand

31

Schedule of Investments (unaudited) (continued) March 31, 2023 BlackRock Credit Allocation Income Trust (BTZ)

Reverse Repurchase Agreements (continued)

Counterparty	Interest Rate		Trade Date	Maturity Date	(a)		Face Value		Face Value Including Accrued Interest	Type of Non-Cash Underlying Collateral	Remaining     Contractual Maturity     of the Agreements(a)
RBC Capital Markets LLC	5.00	%(b)	03/27/23	Open		$	5,265,875	$	5,268,800	Corporate Bonds	Open/Demand
RBC Capital Markets LLC	5.00	(b)	03/27/23	Open			2,942,275		2,943,910	Corporate Bonds	Open/Demand
RBC Capital Markets LLC	5.00	(b)	03/27/23	Open			6,616,000		6,619,676	Corporate Bonds	Open/Demand
RBC Capital Markets LLC	5.00	(b)	03/27/23	Open			3,580,000		3,581,989	Corporate Bonds	Open/Demand
RBC Capital Markets LLC	5.00	(b)	03/27/23	Open			13,902,781		13,904,097	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	4.99	(b)	03/27/23	Open			1,051,375		1,051,958	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	4.99	(b)	03/27/23	Open			2,338,119		2,339,415	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	4.99	(b)	03/27/23	Open			603,770		604,105	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	4.99	(b)	03/27/23	Open			593,190		593,519	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	4.99	(b)	03/27/23	Open			2,165,337		2,166,538	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	4.99	(b)	03/27/23	Open			2,656,900		2,658,373	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	4.99	(b)	03/27/23	Open			8,233,750		8,238,315	Capital Trusts	Open/Demand
TD Securities (USA) LLC	4.99	(b)	03/27/23	Open			3,652,219		3,654,244	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	4.99	(b)	03/27/23	Open			617,050		617,392	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	4.99	(b)	03/27/23	Open			3,491,100		3,493,036	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	4.99	(b)	03/27/23	Open			4,801,312		4,803,975	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	4.99	(b)	03/27/23	Open			857,588		858,063	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	4.99	(b)	03/27/23	Open			3,010,000		3,011,669	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	4.99	(b)	03/27/23	Open			799,680		800,123	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	4.99	(b)	03/27/23	Open			2,809,432		2,810,990	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	4.99	(b)	03/27/23	Open			2,725,937		2,727,449	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	4.99	(b)	03/27/23	Open			2,477,069		2,478,442	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	4.99	(b)	03/27/23	Open			503,285		503,564	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	4.99	(b)	03/27/23	Open			3,270,311		3,272,124	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	4.99	(b)	03/27/23	Open			3,074,950		3,076,655	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	4.99	(b)	03/27/23	Open			593,863		594,192	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	4.99	(b)	03/27/23	Open			5,869,125		5,872,379	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	4.99	(b)	03/27/23	Open			1,961,400		1,962,487	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	4.99	(b)	03/27/23	Open			858,850		859,326	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	4.99	(b)	03/27/23	Open			2,280,300		2,281,564	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	4.99	(b)	03/27/23	Open			1,267,481		1,268,184	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	4.99	(b)	03/27/23	Open			3,041,394		3,043,080	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	4.99	(b)	03/27/23	Open			590,550		590,877	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	4.99	(b)	03/27/23	Open			783,629		784,063	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	4.99	(b)	03/27/23	Open			1,989,000		1,990,103	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	4.99	(b)	03/27/23	Open			4,631,250		4,633,818	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	4.99	(b)	03/27/23	Open			959,818		960,350	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	4.99	(b)	03/27/23	Open			2,130,000		2,131,181	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	4.99	(b)	03/27/23	Open			2,672,925		2,674,407	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	4.99	(b)	03/27/23	Open			4,322,562		4,324,959	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	4.99	(b)	03/27/23	Open			869,500		869,982	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	4.99	(b)	03/27/23	Open			1,447,677		1,448,480	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	4.99	(b)	03/27/23	Open			3,145,000		3,146,744	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	4.99	(b)	03/27/23	Open			910,061		910,566	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	4.99	(b)	03/27/23	Open			2,847,600		2,849,179	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	4.99	(b)	03/27/23	Open			1,644,712		1,645,624	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.00	(b)	03/27/23	Open			5,020,575		5,023,364	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.00	(b)	03/27/23	Open			10,325,512		10,331,249	Corporate Bonds	Open/Demand
J.P. Morgan Securities LLC	4.75		03/28/23	04/12/23			552,110		552,329	Corporate Bonds	Up to 30 Days
J.P. Morgan Securities LLC	4.80		03/28/23	04/12/23			3,115,000		3,116,246	Foreign Agency Obligations	Up to 30 Days
J.P. Morgan Securities LLC	4.80		03/28/23	04/12/23			159,000		159,064	Corporate Bonds	Up to 30 Days
J.P. Morgan Securities LLC	4.90		03/28/23	04/12/23			2,009,375		2,010,195	Corporate Bonds	Up to 30 Days
J.P. Morgan Securities LLC	4.90		03/28/23	04/12/23			1,201,875		1,202,366	Corporate Bonds	Up to 30 Days
J.P. Morgan Securities LLC	4.95		03/28/23	04/12/23			230,230		230,325	Corporate Bonds	Up to 30 Days
J.P. Morgan Securities LLC	4.95		03/28/23	04/12/23			416,824		416,996	Corporate Bonds	Up to 30 Days
J.P. Morgan Securities LLC	4.95		03/28/23	04/12/23			621,000		621,256	Capital Trusts	Up to 30 Days
J.P. Morgan Securities LLC	4.95		03/28/23	04/12/23			872,625		872,985	Corporate Bonds	Up to 30 Days
J.P. Morgan Securities LLC	4.95		03/28/23	04/12/23			269,375		269,486	Corporate Bonds	Up to 30 Days
J.P. Morgan Securities LLC	4.95		03/28/23	04/12/23			187,500		187,577	Corporate Bonds	Up to 30 Days
J.P. Morgan Securities LLC	4.95		03/28/23	04/12/23			216,375		216,464	Corporate Bonds	Up to 30 Days
J.P. Morgan Securities LLC	4.95		03/28/23	04/12/23			1,771,875		1,772,606	Corporate Bonds	Up to 30 Days
Barclays Capital, Inc.	5.00		03/30/23	04/11/23			4,136,000		4,136,574	Foreign Agency Obligations	Up to 30 Days

S C H E D U L E  O F  I N V E S T M  E N T S 32

Schedule of Investments (unaudited) (continued) March 31, 2023 BlackRock Credit Allocation Income Trust (BTZ)

Reverse Repurchase Agreements (continued)

Counterparty	Interest Rate		Trade Date	Maturity Date	(a)		Face Value		Face Value Including Accrued Interest	Type of Non-Cash Underlying Collateral	Remaining     Contractual Maturity     of the Agreements(a)
BofA Securities, Inc.	3.25	%	03/30/23	04/12/23		$	1,111,500	$	1,111,600	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	4.75		03/30/23	04/12/23			7,125,000		7,125,940	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	4.99		03/30/23	04/13/23			5,604,750		5,605,527	Corporate Bonds	Up to 30 Days
Barclays Capital, Inc.	1.00	(b)	03/30/23	Open			150,635		150,639	Corporate Bonds	Open/Demand
BNP Paribas S.A	5.04	(b)	03/30/23	Open			2,896,250		2,896,655	Corporate Bonds	Open/Demand
Nomura Securities International, Inc.	4.98	(b)	03/30/23	Open			481,950		482,017	Corporate Bonds	Open/Demand
Nomura Securities International, Inc.	4.98	(b)	03/30/23	Open			167,500		167,523	Corporate Bonds	Open/Demand
Nomura Securities International, Inc.	4.98	(b)	03/30/23	Open			1,057,095		1,057,241	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	4.99	(b)	03/30/23	Open			5,005,000		5,005,694	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	4.99	(b)	03/30/23	Open			2,456,550		2,456,891	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	4.99	(b)	03/30/23	Open			1,350,800		1,350,987	Corporate Bonds	Open/Demand
						$	585,541,385	$	586,918,765

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

^(b)  Variable rate security. Rate as of period end and maturity is the date the principal owed can be recovered through demand.

Derivative Financial Instruments Outstanding as of Period End

Futures Contracts

Description	Number of Contracts		Expiration Date		Notional Amount (000)		Value/ Unrealized Appreciation (Depreciation)
Long Contracts
10-Year U.S. Treasury Note		45		06/21/23	$	5,178	$	149,996
2-Year U.S. Treasury Note		1,181		06/30/23		243,996		(287,288	)
								(137,292	)
Short Contracts
Euro Stoxx 50 Index		929		06/16/23		43,000		(2,619,999	)
Russell 2000 E-Mini Index		116		06/16/23		10,518		(294,960	)
S&P 500 E-Mini Index		54		06/16/23		11,172		(500,373	)
10-Year U.S. Ultra Long Treasury Note		203		06/21/23		24,617		(849,639	)
U.S. Long Bond		1,165		06/21/23		153,015		(4,883,921	)
Ultra U.S. Treasury Bond		54		06/21/23		7,649		(383,585	)
5-Year U.S. Treasury Note		98		06/30/23		10,746		(112,652	)
								(9,645,129	)
							$	(9,782,421	)

Forward Foreign Currency Exchange Contracts

Currency Purchased		Currency Sold		Counterparty	Settlement Date	Unrealized Appreciation (Depreciation)
USD	105,765	EUR	97,000	Bank of America N.A.	06/21/23	$	106
USD	589,600	EUR	539,193	Bank of America N.A.	06/21/23		2,277
						$	2,383

Centrally Cleared Credit Default Swaps — Buy Protection

Reference Obligation/Index	Financing Rate Paid by the Trust			Payment Frequency		Termination Date		Notional Amount (000)		Value			Upfront Premium Paid (Received)			Unrealized Appreciation (Depreciation)
CDX.NA.HY.40.V1		5.00	%		Quarterly		06/20/28		USD    108,600	$	(1,841,962	)	$	(692,098	)	$	(1,149,864	)

33

Schedule of Investments (unaudited) (continued) March 31, 2023 BlackRock Credit Allocation Income Trust (BTZ)

Fair Value Hierarchy as of Period End

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

• Level 1 – Unadjusted price quotations in active markets/exchanges for identical assets or liabilities that the 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); and

• Level 3 – Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Valuation Committee’s assumptions used in determining the fair value of financial instruments).

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Trust’s policy regarding valuation of financial instruments, refer to its most recent financial statements.

The following table summarizes the Trust’s financial instruments categorized in the fair value hierarchy. The breakdown of the Trust’s financial instruments into major categories is disclosed in the Schedule of Investments above.

	Level 1			Level 2			Level 3		Total
Assets
Investments
Long-Term Investments
Asset-Backed Securities	$	—		$	162,664,227		$	518,358	$	163,182,585
Corporate Bonds		—			1,179,387,610			830,651		1,180,218,261
Floating Rate Loan Interests		—			65,149,266			3,453,640		68,602,906
Foreign Agency Obligations		—			26,380,217			—		26,380,217
Investment Companies		936,000			—			—		936,000
Municipal Bonds		—			10,472,300			—		10,472,300
Preferred Securities
Capital Trusts		—			112,229,916			—		112,229,916
Preferred Stocks		34,086,240			—			4,912,917		38,999,157
U.S. Government Sponsored Agency Securities		—			156,767,330			—		156,767,330
Warrants		—			—			—		—
Short-Term Securities
Money Market Funds		11,144,844			—			—		11,144,844
Liabilities
Unfunded Floating Rate Loan Interests(a)		—			(3,009	)		—		(3,009	)
	$	46,167,084		$	1,713,047,857		$	9,715,566	$	1,768,930,507
Derivative Financial Instruments(b)
Assets
Foreign Currency Exchange Contracts	$	—		$	2,383		$	—	$	2,383
Interest Rate Contracts		149,996			—			—		149,996
Liabilities
Credit Contracts		—			(1,149,864	)		—		(1,149,864	)
Equity Contracts		(795,333	)		(2,619,999	)		—		(3,415,332	)
Interest Rate Contracts		(6,517,085	)		—			—		(6,517,085	)
	$	(7,162,422	)	$	(3,767,480	)	$	—	$	(10,929,902	)

^(a)  Unfunded floating rate loan interests are valued at the unrealized appreciation (depreciation) on the commitment.

^(b)  Derivative financial instruments are swaps, futures contracts and forward foreign currency exchange contracts. Swaps, futures contracts and forward foreign currency exchange contracts are valued at the unrealized appreciation (depreciation) on the instrument.

The Trust may hold assets and/or liabilities in which the fair value approximates the carrying amount or face value, including accrued interest, for financial reporting purposes. As of period end, reverse repurchase agreements of $586,918,765 are categorized as Level 2 within the fair value hierarchy.

S C H E D U L E  O F  I N V E S T M  E N T S 34

Schedule of Investments (unaudited) (continued) March 31, 2023 BlackRock Credit Allocation Income Trust (BTZ)

Currency Abbreviation
EUR	Euro
GBP	British Pound
USD	United States Dollar
Portfolio Abbreviation
BAB	Build America Bond
CDI	CREST Depository Interest
CLO	Collateralized Loan Obligation
CMT	Constant Maturity Treasury
DAC	Designated Activity Company
ETF	Exchange-Traded Fund
LIBOR	London Interbank Offered Rate
PCL	Public Company Limited
PIK	Payment-in-Kind
PJSC	Public Joint Stock Company
RB	Revenue Bond
REIT	Real Estate Investment Trust
S&P	Standard & Poor’s
SOFR	Secured Overnight Financing Rate
SOFR CME	Secured Overnight Financing Rate Chicago Mercantile Exchange
SOFRTE	Term Secured Overnight Financing Rate

35