BlackRock Credit Allocation Income Trust (BTZ) NPORT-P BlackRock Credit Allocation Income Trust (Sep 2023 report)

Schedule of Investments (unaudited)  September 30, 2023 BlackRock Credit Allocation Income Trust (BTZ) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Asset-Backed Securities
AGL CLO Ltd.(a)(b)
Series 2020-5A, Class A1R, (3-mo. CME Term SOFR + 1.42%), 6.75%, 07/20/34		USD       1,000	$	992,000
Series 2021-12A, Class B, (3-mo. CME Term SOFR + 1.86%), 7.19%, 07/20/34		890		882,257
Series 2021-12A, Class C, (3-mo. CME Term SOFR + 2.11%), 7.44%, 07/20/34		500		489,316
AIMCO CLO Ltd., Series 2021-14A, Class A, (3-mo. CME Term SOFR + 1.25%), 6.58%, 04/20/34(a)(b)		3,000		2,966,517
Allegro CLO II-S Ltd., Series 2014-1RA, Class B, (3-mo. CME Term SOFR + 2.41%), 7.75%, 10/21/28(a)(b)		500		497,604
Allegro CLO VI Ltd.(a)(b)
Series 2017-2A, Class B, (3-mo. CME Term SOFR + 1.76%), 7.07%, 01/17/31		360		352,764
Series 2017-2A, Class C, (3-mo. CME Term SOFR + 2.06%), 7.37%, 01/17/31		2,400		2,333,411
Anchorage Capital CLO Ltd.(a)(b)
Series 2013-1A, Class BR, (3-mo. CME Term SOFR + 2.41%), 7.71%, 10/13/30		1,000		990,981
Series 2014-3RA, Class C, (3-mo. CME Term SOFR + 2.11%), 7.48%, 01/28/31		1,000		980,172
Apidos CLO XV, Series 2013-15A, Class DRR, (3-mo. CME Term SOFR + 2.96%), 8.29%, 04/20/31(a)(b)		1,000		977,586
Apidos CLO XX, Series 2015-20A, Class BRR, (3-mo. CME Term SOFR + 2.21%), 7.52%, 07/16/31(a)(b)		1,000		989,991
Apidos CLO XXXIII, Series 2020-33A, Class AR, (3-mo. CME Term SOFR + 1.41%), 6.76%, 10/24/34(a)(b)		2,000		1,991,179
Apidos CLO XXXVII, Series 2021-37A, Class A, (3-mo. CME Term SOFR + 1.39%), 6.74%, 10/22/34(a)(b)		3,000		2,978,421
Ares XLVII CLO Ltd., Series 2018-47A, Class D, (3-mo. CME Term SOFR + 2.96%), 8.27%, 04/15/30(a)(b)		1,500		1,426,890
Ares XLVIII CLO Ltd., Series 2018-48A, Class C, (3-mo. CME Term SOFR + 2.06%), 7.39%, 07/20/30(a)(b)		500		486,277
Ares XXXVII CLO Ltd.(a)(b)
Series 2015-4A, Class A3R, (3-mo. CME Term SOFR + 1.76%), 7.07%, 10/15/30		1,000		987,400
Series 2015-4A, Class BR, (3-mo. CME Term SOFR + 2.06%), 7.37%, 10/15/30		1,750		1,718,216
Atlas Senior Loan Fund XII Ltd., Series 2018-12A, Class A1, (3-mo. CME Term SOFR + 1.44%), 6.79%, 10/24/31(a)(b)		400		397,512
Atrium XV, Series 15A, Class C, (3-mo. CME Term SOFR + 2.46%), 7.81%, 01/23/31(a)(b)		250		248,540
Benefit Street Partners CLO XII Ltd., Series 2017-12A, Class B, (3-mo. CME Term SOFR + 2.26%), 7.57%, 10/15/30(a)(b)		1,000		988,751
Benefit Street Partners CLO XVI Ltd., Series 2018-16A, Class A1R, (3-mo. CME Term SOFR + 1.29%), 6.60%, 01/17/32(a)(b)		1,900		1,890,886
Canyon CLO Ltd., Series 2020-3A, Class C, (3-mo. CME Term SOFR + 2.76%), 8.07%, 01/15/34(a)(b)		500		496,990
Carlyle C17 CLO Ltd., Series C17A, Class BR, (3-mo. CME Term SOFR + 2.11%), 7.48%, 04/30/31(a)(b)		1,000		980,342
CarVal CLO I Ltd., Series 2018-1A, Class D, (3-mo. CME Term SOFR + 3.15%), 8.46%, 07/16/31(a)(b)		500		487,618
Cedar Funding XII CLO Ltd., Series 2020-12A, Class A1R, (3-mo. CME Term SOFR + 1.39%), 6.74%, 10/25/34(a)(b)		1,000		988,832

Security	Par (000)		Value
Asset-Backed Securities (continued)
Cedar Funding XIV CLO Ltd., Series 2021-14A, Class A, (3-mo. CME Term SOFR + 1.36%), 6.67%, 07/15/33(a)(b)		USD       2,000	$	1,991,121
CIFC Funding I Ltd., Series 2021-1A, Class A1, (3-mo. CME Term SOFR + 1.37%), 6.72%, 04/25/33(a)(b)		1,500		1,495,613
CIFC Funding II Ltd.(a)(b)
Series 2019-2A, Class BR, (3-mo. CME Term SOFR + 1.76%), 7.07%, 04/17/34		900		888,930
Series 2020-2A, Class AR, (3-mo. CME Term SOFR + 1.43%), 6.76%, 10/20/34		1,200		1,192,025
CIFC Funding III Ltd., Series 2020-3A, Class A1R, (3-mo. CME Term SOFR + 1.39%), 6.72%, 10/20/34(a)(b)		1,000		993,791
CIFC Funding Ltd.(a)(b)
Series 2013-2A, Class A3LR, (3-mo. CME Term SOFR + 2.21%), 7.52%, 10/18/30		1,000		975,638
Series 2018-1A, Class C, (3-mo. CME Term SOFR + 2.01%), 7.32%, 04/18/31		1,000		981,390
Series 2018-1A, Class D, (3-mo. CME Term SOFR + 2.91%), 8.22%, 04/18/31		1,200		1,168,280
CIFC Funding V Ltd., Series 2019-5A, Class A2RS, (3-mo. CME Term SOFR + 2.01%), 7.32%, 01/15/35(a)(b)		1,000		991,700
Clover CLO LLC(a)(b)
Series 2018-1A, Class A1R, (3-mo. CME Term SOFR + 1.38%), 6.71%, 04/20/32		3,500		3,491,250
Series 2021-1A, Class A, (3-mo. CME Term SOFR + 1.36%), 6.71%, 04/22/34		2,000		1,982,178
Series 2021-2A, Class B, (3-mo. CME Term SOFR + 2.01%), 7.34%, 07/20/34		1,000		985,600
Clover CLO Ltd., Series 2019-2A, Class AR, (3-mo. CME Term SOFR + 1.36%), 6.71%, 10/25/33(a)(b)		1,000		992,702
Dryden 77 CLO Ltd., Series 2020-77A, Class AR, (3-mo. CME Term SOFR + 1.38%), 6.76%, 05/20/34(a)(b)		3,500		3,472,000
Elmwood CLO 15 Ltd., Series 2022-2A, Class A1, (3-mo. CME Term SOFR + 1.34%), 6.69%, 04/22/35(a)(b)		1,200		1,190,412
Elmwood CLO II Ltd., Series 2019-2A, Class AR, (3-mo. CME Term SOFR + 1.41%), 6.74%, 04/20/34(a)(b)		2,000		1,992,136
Elmwood CLO V Ltd., Series 2022-2A, Class AR, (3-mo. CME Term SOFR + 1.41%), 6.74%, 10/20/34(a)(b)		1,000		995,351
Elmwood CLO VII Ltd.
Series 2020-4A, Class A, (3-mo. CME Term SOFR + 1.65%), 6.96%, 01/17/34(a)(b)		2,000		1,996,776
Series 2020-4A, Class AR, (3-mo. CME Term SOFR + 1.63%), 7.04%, 01/17/34(c)		2,000		2,000,000
Elmwood CLO VIII Ltd., Series 2021-1A, Class A1, (3-mo. CME Term SOFR + 1.50%), 6.83%, 01/20/34(a)(b)		2,000		1,998,565
Elmwood CLO XII Ltd., Series 2019-2A, Class B, (3-mo. CME Term SOFR + 1.96%), 7.29%, 01/20/35(a)(b)		2,000		1,990,400
Flatiron CLO Ltd., Series 2021-1A, Class A1, (3-mo. LIBOR US + 1.11%), 6.69%, 07/19/34(a)(b)		1,931		1,911,514
Galaxy XX CLO Ltd., Series 2015-20A, Class D1R, (3-mo. CME Term SOFR + 2.86%), 8.19%, 04/20/31(a)(b)		1,000		979,294

1

Schedule of Investments (unaudited) (continued) September 30, 2023 BlackRock Credit Allocation Income Trust (BTZ) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Asset-Backed Securities (continued)
Generate CLO Ltd.(a)(b)
Series 2A, Class CR, (3-mo. CME Term SOFR + 2.11%), 7.46%, 01/22/31		USD       1,500	$	1,471,599
Series 2A, Class DR, (3-mo. CME Term SOFR + 2.86%), 8.21%, 01/22/31		1,800		1,759,081
Series 6A, Class DR, (3-mo. CME Term SOFR + 1.46%), 6.81%, 01/22/35		2,500		2,493,416
Golub Capital Partners CLO Ltd.(a)(b)
Series 2019-41A, Class AR, (3-mo. CME Term SOFR + 1.58%), 6.91%, 01/20/34		1,000		991,945
Series 2020-52A, Class A1, (3-mo. CME Term SOFR + 1.70%), 7.03%, 01/20/34		2,000		2,009,359
Series 2021-53A, Class B, (3-mo. CME Term SOFR + 2.06%), 7.39%, 07/20/34		1,000		997,300
HalseyPoint CLO Ltd., Series 2021-4A, Class A, (3-mo. CME Term SOFR + 1.48%), 6.81%, 04/20/34(a)(b)		2,000		1,980,839
Highbridge Loan Management Ltd.(a)(b)
Series 12A-18, Class B, (3-mo. CME Term SOFR + 2.11%), 7.42%, 07/18/31		1,250		1,228,697
Series 4A-2014, Class A2R, (3-mo. CME Term SOFR + 1.76%), 7.13%, 01/28/30		650		645,385
HPS Loan Management Ltd., Series 6A-2015, Class BR, (3-mo. CME Term SOFR + 2.01%), 7.38%, 02/05/31(a)(b)		1,500		1,472,216
Long Point Park CLO Ltd., Series 2017-1A, Class B, (3-mo. CME Term SOFR + 1.96%), 7.27%, 01/17/30(a)(b)		1,000		972,122
Madison Park Funding L Ltd., Series 2021-50A, Class A, (3-mo. CME Term SOFR + 1.40%), 6.72%, 04/19/34(a)(b)		1,270		1,261,932
Madison Park Funding XIII Ltd., Series 2014-13A, Class CR2, (3-mo. CME Term SOFR + 2.16%), 7.48%, 04/19/30(a)(b)		1,000		991,159
Madison Park Funding XLVIII Ltd., Series 2021-48A, Class A, (3-mo. CME Term SOFR + 1.41%), 6.73%, 04/19/33(a)(b)		1,000		996,822
Madison Park Funding XXVII Ltd.(a)(b)
Series 2018-27A, Class B, (3-mo. CME Term SOFR + 2.06%), 7.39%, 04/20/30		1,000		980,857
Series 2018-27A, Class C, (3-mo. CME Term SOFR + 2.86%), 8.19%, 04/20/30		1,000		974,525
Madison Park Funding XXXVIII Ltd., Series 2021-38A, Class A, (3-mo. CME Term SOFR + 1.38%), 6.69%, 07/17/34(a)(b)		1,070		1,063,366
Marble Point CLO XI Ltd., Series 2017-2A, Class B, (3-mo. CME Term SOFR + 1.76%), 7.07%, 12/18/30(a)(b)		1,000		979,800
MP CLO III Ltd., Series 2013-1A, Class CR, (3-mo. CME Term SOFR + 2.26%), 7.59%, 10/20/30(a)(b)		1,000		967,952
Neuberger Berman CLO XXII Ltd.(a)(b)
Series 2016-22A, Class BR, (3-mo. CME Term SOFR + 1.91%), 7.22%, 10/17/30		400		397,040
Series 2016-22A, Class CR, (3-mo. CME Term SOFR + 2.46%), 7.77%, 10/17/30		1,000		977,457
Neuberger Berman Loan Advisers CLO Ltd.(a)(b)
Series 2017-26A, Class C, (3-mo. CME Term SOFR + 2.01%), 7.32%, 10/18/30		1,500		1,469,271
Series 2018-27A, Class D, (3-mo. CME Term SOFR + 2.86%), 8.17%, 01/15/30		1,000		974,485

Security	Par (000)		Value
Asset-Backed Securities (continued)
Neuberger Berman Loan Advisers CLO Ltd.(a)(b) (continued)
Series 2019-35A, Class A1, (3-mo. CME Term SOFR + 1.60%), 6.92%, 01/19/33		USD       1,000	$	996,660
Series 2021-45A, Class A, (3-mo. CME Term SOFR + 1.39%), 6.70%, 10/14/35		3,000		2,980,533
Series 2022-47A, Class A, (3-mo. CME Term SOFR + 1.30%), 6.61%, 04/14/35		1,000		991,779
OCP CLO Ltd.(a)(b)
Series 2014-6A, Class BR, (3-mo. CME Term SOFR + 2.41%), 7.72%, 10/17/30		500		494,654
Series 2016-11A, Class BR, (3-mo. CME Term SOFR + 2.71%), 8.06%, 10/26/30		1,500		1,496,305
Series 2017-14A, Class B, (3-mo. CME Term SOFR + 2.21%), 7.59%, 11/20/30		1,000		988,949
Octagon Investment Partners Ltd.(a)(b)
Series 2016-1A, Class DR, (3-mo. CME Term SOFR + 3.11%), 8.42%, 07/15/30		500		466,694
Series 2017-1A, Class B1, (3-mo. CME Term SOFR + 1.66%), 6.99%, 01/20/30		1,000		983,500
Octagon Investment Partners XVII Ltd.(a)(b)
Series 2013-1A, Class BR2, (3-mo. CME Term SOFR + 1.66%), 7.01%, 01/25/31		1,000		986,500
Series 2013-1A, Class CR2, (3-mo. CME Term SOFR + 1.96%), 7.31%, 01/25/31		1,000		968,116
Octagon Investment Partners XXII Ltd., Series 2014-1A, Class CRR, (3-mo. CME Term SOFR + 2.16%), 7.51%, 01/22/30(a)(b)		900		881,840
OHA Credit Funding Ltd.(a)(b)
Series 2019-3A, Class AR, (3-mo. CME Term SOFR + 1.40%), 6.73%, 07/02/35		1,750		1,738,625
Series 2020-5A, Class A1, (3-mo. CME Term SOFR + 1.43%), 6.74%, 04/18/33		1,000		997,278
Series 2020-7A, Class AR, (3-mo. CME Term SOFR + 1.30%), 6.62%, 02/24/37		1,250		1,237,033
Series 2021-10A, Class A, (3-mo. CME Term SOFR + 1.39%), 6.70%, 01/18/36		1,500		1,486,506
OHA Credit Partners XII Ltd., Series 2015-12A, Class DR, (3-mo. CME Term SOFR + 3.16%), 8.51%, 07/23/30(a)(b)		600		586,732
OHA Credit Partners XVI, Series 2021-16A, Class A, (3-mo. CME Term SOFR + 1.41%), 6.72%, 10/18/34(a)(b)		750		745,136
OZLM XXI Ltd., Series 2017-21A, Class B, (3-mo. CME Term SOFR + 2.16%), 7.49%, 01/20/31(a)(b)		1,800		1,774,068
Palmer Square CLO Ltd.(a)(b)
Series 2015-1A, Class A2R4, (3-mo. CME Term SOFR + 1.96%), 7.34%, 05/21/34		2,500		2,475,000
Series 2018-1A, Class A2, (3-mo. CME Term SOFR + 1.71%), 7.02%, 04/18/31		1,500		1,484,550
Series 2019-1A, Class CR, (3-mo. CME Term SOFR + 3.31%), 8.68%, 11/14/34		1,000		983,973
Series 2020-3A, Class A1AR, (3-mo. CME Term SOFR + 1.34%), 6.71%, 11/15/31		1,500		1,496,859
Series 2021-2A, Class A, (3-mo. CME Term SOFR + 1.41%), 6.72%, 07/15/34		2,000		1,986,958
Series 2021-4A, Class B, (3-mo. CME Term SOFR + 1.91%), 7.22%, 10/15/34		1,250		1,241,250

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) September 30, 2023 BlackRock Credit Allocation Income Trust (BTZ) (Percentages shown are based on Net Assets)

Security	Par (000)			Value
Asset-Backed Securities (continued)
Regatta VI Funding Ltd., Series 2016-1A, Class AR2, (3-mo. CME Term SOFR + 1.42%), 6.75%, 04/20/34(a)(b)		USD       2,000		$	1,988,000
Regatta VII Funding Ltd., Series 2016-1A, Class DR2, (3-mo. CME Term SOFR + 3.31%), 8.71%, 06/20/34(a)(b)		500			488,851
Regatta XV Funding Ltd., Series 2018-4A, Class A2, (3-mo. CME Term SOFR + 2.11%), 7.46%, 10/25/31(a)(b)		1,200			1,193,710
Regatta XVI Funding Ltd.(a)(b)
Series 2019-2A, Class C, (3-mo. CME Term SOFR + 2.96%), 8.27%, 01/15/33		1,000			996,241
Series 2019-2A, Class D, (3-mo. CME Term SOFR + 4.16%), 9.47%, 01/15/33		1,000			996,773
Regatta XVIII Funding Ltd., Series 2021-1A, Class B, (3-mo. CME Term SOFR + 1.71%), 7.02%, 01/15/34(a)(b)		1,000			989,900
Rockford Tower CLO Ltd.(a)(b)
Series 2017-3A, Class A, (3-mo. CME Term SOFR + 1.45%), 6.78%, 10/20/30		1,883			1,877,528
Series 2017-3A, Class D, (3-mo. CME Term SOFR + 2.91%), 8.24%, 10/20/30		1,000			969,299
RR Ltd., Series 2018-5A, Class C, (3-mo. CME Term SOFR + 3.36%), 8.67%, 10/15/31(a)(b)		650			636,957
Signal Peak CLO Ltd.(a)(b)
Series 2020-8A, Class A, (3-mo. CME Term SOFR + 1.53%), 6.86%, 04/20/33		6,000			5,963,400
Series 2020-8A, Class B, (3-mo. CME Term SOFR + 1.91%), 7.24%, 04/20/33		1,650			1,620,061
Sixth Street CLO XX Ltd., Series 2021-20A, Class A1, (3-mo. CME Term SOFR + 1.42%), 6.75%, 10/20/34(a)(b)		1,325			1,315,810
Sound Point CLO XXI Ltd., Series 2018-3A, Class A1A, (3-mo. CME Term SOFR + 1.44%), 6.79%, 10/26/31(a)(b)		1,400			1,383,342
Stewart Park CLO Ltd., Series 2015-1A, Class DR, (3-mo. CME Term SOFR + 2.86%), 8.17%, 01/15/30(a)(b)		1,500			1,412,140
Symphony CLO XXVIII Ltd., Series 2021-28A, Class A, (3-mo. CME Term SOFR + 1.40%), 6.75%, 10/23/34(a)(b)		1,900			1,882,192
Tiaa CLO III Ltd., Series 2017-2A, Class A, (3-mo. CME Term SOFR + 1.41%), 6.72%, 01/16/31(a)(b)		2,262			2,253,888
TICP CLO IX Ltd., Series 2017-9A, Class A, (3-mo. CME Term SOFR + 1.40%), 6.73%, 01/20/31(a)(b)		904			903,391
TICP CLO VI Ltd., Series 2016-6A, Class AR2, (3-mo. CME Term SOFR + 1.38%), 6.69%, 01/15/34(a)(b)		2,000			1,991,792
TICP CLO X Ltd., Series 2018-10A, Class B, (3-mo. CME Term SOFR + 1.73%), 7.06%, 04/20/31(a)(b)		1,300			1,287,260
TICP CLO XII Ltd., Series 2018-12A, Class BR, (3-mo. CME Term SOFR + 1.91%), 7.22%, 07/15/34(a)(b)		1,000			990,300
TICP CLO XIV Ltd., Series 2019-14A, Class A2R, (3-mo. CME Term SOFR + 1.91%), 7.24%, 10/20/32(a)(b)		1,750			1,735,475
Trimaran CAVU Ltd.(a)(b)
Series 2021-2A, Class B1, (3-mo. CME Term SOFR + 2.01%), 7.36%, 10/25/34		1,500	��		1,470,450
Series 2022-2A, Class A, (3-mo. CME Term SOFR + 2.50%), 7.83%, 01/20/36		2,500			2,502,885

Security	Par (000)		Value
Asset-Backed Securities (continued)
Trimaran CAVU Ltd.(a)(b) (continued)
Series 2022-2A, Class B1, (3-mo. CME Term SOFR + 3.40%), 8.73%, 01/20/36		USD       1,500	$	1,507,800
Whitebox CLO I Ltd., Series 2019-1A, Class ANAR, (3-mo. CME Term SOFR + 1.39%), 6.74%, 07/24/32(a)(b)		1,000		996,011
Whitebox CLO IV Ltd.(a)(b)
Series 2023-4A, Class A1, (3-mo. CME Term SOFR + 2.15%), 6.93%, 04/20/36		2,000		2,005,558
Series 2023-4A, Class B1, (3-mo. CME Term SOFR + 2.60%), 7.38%, 04/20/36		1,000		1,001,300
Total Asset-Backed Securities — 16.4% (Cost: $164,937,351)				166,063,556
	Shares
Common Stocks
Entertainment — 0.0%
Learfield Communications LLC, (Acquired 09/06/23, Cost: $8,979)(d)(e)		298		11,026
Total Common Stocks — 0.0% (Cost: $8,979)				11,026
	Par (000)
Corporate Bonds
Aerospace & Defense — 4.8%
Boeing Co., 5.15%, 05/01/30(f)		USD       6,775		6,473,503
Bombardier, Inc.(b) 7.50%, 03/15/25		42		41,828
7.13%, 06/15/26(f)		1,322		1,280,832
7.88%, 04/15/27(f)		1,347		1,314,331
7.50%, 02/01/29(f)		1,713		1,625,580
7.45%, 05/01/34		327		370,439
Embraer Netherlands Finance BV, 7.00%, 07/28/30(b)		565		558,827
F-Brasile SpA/F-Brasile U.S. LLC, Series XR, 7.38%, 08/15/26(b)(f)		1,000		929,490
General Dynamics Corp., 4.25%, 04/01/50(f)		1,260		1,035,241
Moog, Inc., 4.25%, 12/15/27(b)		320		288,934
Northrop Grumman Corp.(f) 4.03%, 10/15/47		2,400		1,837,021
5.25%, 05/01/50		3,050		2,812,428
Rolls-Royce PLC(b) 3.63%, 10/14/25		200		187,000
5.75%, 10/15/27		1,933		1,865,071
RTX Corp.(f) 4.63%, 11/16/48		2,805		2,285,605
3.13%, 07/01/50		3,545		2,204,064
Spirit AeroSystems, Inc.(b) 7.50%, 04/15/25		332		325,651
9.38%, 11/30/29		922		938,259
TransDigm, Inc. 6.25%, 03/15/26(b)		16,639		16,349,160
7.50%, 03/15/27		432		432,785
6.75%, 08/15/28(b)		3,501		3,446,695

3

Schedule of Investments (unaudited) (continued) September 30, 2023 BlackRock Credit Allocation Income Trust (BTZ) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Aerospace & Defense (continued)
TransDigm, Inc. (continued) 6.88%, 12/15/30	USD	281	$	275,533
Triumph Group, Inc., 9.00%, 03/15/28(b)		1,348		1,332,911
				48,211,188
Air Freight & Logistics — 0.0%
XPO Escrow Sub LLC, 7.50%, 11/15/27(b)		105		106,159
Automobile Components — 1.4%
Clarios Global LP, 6.75%, 05/15/25(b)		631		626,250
Clarios Global LP/Clarios U.S. Finance Co. 4.38%, 05/15/26(g)	EUR	246		249,651
6.25%, 05/15/26(b)(f)	USD	4,933		4,826,663
8.50%, 05/15/27(b)(f)		7,045		7,024,791
6.75%, 05/15/28(b)(f)		1,200		1,171,500
Goodyear Tire & Rubber Co. 5.00%, 07/15/29(f)		207		178,293
5.63%, 04/30/33		53		43,376
SK On Co. Ltd., 5.38%, 05/11/26(g)		200		198,196
				14,318,720
Automobiles — 2.1%
Asbury Automotive Group, Inc. 4.50%, 03/01/28		221		197,842
5.00%, 02/15/32(b)		293		242,762
Ford Motor Co.(f) 3.25%, 02/12/32		908		699,762
6.10%, 08/19/32		5,676		5,346,297
Ford Motor Credit Co. LLC 5.13%, 06/16/25		1,270		1,229,389
2.70%, 08/10/26		613		547,020
4.95%, 05/28/27(f)		400		375,461
6.80%, 05/12/28		886		884,975
5.11%, 05/03/29		200		183,066
7.35%, 03/06/30		635		643,051
7.20%, 06/10/30		1,209		1,215,045
3.63%, 06/17/31		256		206,861
General Motors Co.(f) 6.25%, 10/02/43		940		842,185
5.95%, 04/01/49		3,455		2,930,427
Hyundai Capital America(g) 5.50%, 03/30/26		200		197,376
2.38%, 10/15/27		200		173,147
Jaguar Land Rover Automotive PLC, 4.50%, 10/01/27(g)		500		433,132
LCM Investments Holdings II LLC(b) 4.88%, 05/01/29		456		387,694
8.25%, 08/01/31		370		359,426
Lithia Motors, Inc., 3.88%, 06/01/29(b)		269		226,713
Nissan Motor Acceptance Co. LLC 6.95%, 09/15/26(b)		3,265		3,288,940
6.95%, 09/15/26		75		75,533
7.05%, 09/15/28		150		149,609
Nissan Motor Co. Ltd., 4.81%, 09/17/30		200		172,499
TML Holdings Pte. Ltd., 4.35%, 06/09/26(g)		200		182,162
				21,190,374
Banks — 4.0%
ABQ Finance Ltd., 3.13%, 09/24/24(g)		200		194,120
Abu Dhabi Commercial Bank PJSC, 3.50%, 03/31/27(g)		212		197,340
Agricultural Bank of China Ltd., 1.25%, 01/19/26(g)		200		182,142

Security	Par (000)		Value
Banks (continued)
Australia & New Zealand Banking Group Ltd., (5-year CMT + 1.70%), 2.57%, 11/25/35(a)(b)(f)	USD	5,445	$	4,031,021
Bangkok Bank PCL 4.45%, 09/19/28(g)		200		189,682
(5-year CMT + 1.90%), 3.73%, 09/25/34(a)(g)		200		166,434
(5-year CMT + 4.73%), 5.00%		222		208,287
Bank Mandiri Persero Tbk PT, 5.50%, 04/04/26(g)		200		197,522
Bank Negara Indonesia Persero Tbk PT, 3.75%, 03/30/26(g)		200		184,000
Bank of China Ltd.(g) 1.00%, 11/02/24		200		189,750
1.40%, 04/28/26		200		180,686
Bank of East Asia Ltd., (5-year CMT + 5.53%), 5.83%(a)(g)(h)		750		596,483
China Construction Bank Corp., (5-year CMT + 2.15%), 2.45%, 06/24/30(a)(g)		200		188,550
First Abu Dhabi Bank PJSC, (5-year CMT + 1.70%), 6.32%, 04/04/34(a)(c)(g)		200		199,750
Freedom Mortgage Corp., 12.00%, 10/01/28(b)		147		149,477
Industrial & Commercial Bank of China Ltd., 2.95%, 06/01/25(g)		200		191,330
Industrial & Commercial Bank of China Macau Ltd., (5-year CMT + 1.65%), 2.88%, 09/12/29(a)(g)		200		193,792
Intesa Sanpaolo SpA, 5.71%, 01/15/26(b)		9,840		9,395,264
Kasikornbank PCL(a)(g)
(5-year CMT + 1.70%), 3.34%, 10/02/31		468		416,609
(5-year CMT + 3.34%), 4.00%(h)		300		257,502
Macquarie Bank Ltd., 6.80%, 01/18/33(b)(f)		5,110		5,013,478
NongHyup Bank, 4.00%, 01/06/26(g)		200		192,672
QNB Finance Ltd., 2.63%, 05/12/25(g)		200		189,100
Shinhan Financial Group Co. Ltd., 1.35%, 01/10/26(g)		200		181,522
SNB Funding Ltd., 2.75%, 10/02/24(g)		200		192,348
Truist Financial Corp., (1-day SOFR + 2.05%), 6.05%, 06/08/27(f)		9,310		9,208,729
United Overseas Bank Ltd., 1.25%, 04/14/26(g)		200		180,390
Wells Fargo & Co.(f) 5.61%, 01/15/44		4,119		3,652,565
(1-day SOFR + 1.51%), 3.53%, 03/24/28(a)		4,075		3,742,372
				40,062,917
Beverages — 2.7%
Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc., 4.90%, 02/01/46(f)		6,170		5,377,426
Anheuser-Busch InBev Worldwide, Inc., 5.55%, 01/23/49(f)		5,000		4,788,963
ARD Finance SA, (6.50% Cash or 7.25% PIK), 6.50%, 06/30/27(b)(i)		2,781		2,098,100
Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC(b) 6.00%, 06/15/27		509		489,133
3.25%, 09/01/28		200		166,758
4.00%, 09/01/29(f)		3,414		2,671,698
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc. 5.25%, 04/30/25(b)		600		584,851
2.13%, 08/15/26(g)	EUR	304		284,860
5.25%, 08/15/27(b)	USD	200		166,899
Ball Corp. 5.25%, 07/01/25		30		29,421
6.00%, 06/15/29(f)		290		281,538
3.13%, 09/15/31(f)		234		183,241

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) September 30, 2023 BlackRock Credit Allocation Income Trust (BTZ) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Beverages (continued)
Canpack SA/Canpack U.S. LLC, 3.13%, 11/01/25(b)	USD	228	$	211,447
Crown Cork & Seal Co., Inc., 7.38%, 12/15/26		151		153,265
Mauser Packaging Solutions Holding Co.(b) 7.88%, 08/15/26		4,571		4,409,808
9.25%, 04/15/27		154		134,609
Owens-Brockway Glass Container, Inc., 6.63%, 05/13/27(b)		59		57,518
Trivium Packaging Finance BV(b) 5.50%, 08/15/26		2,830		2,638,786
8.50%, 08/15/27		2,393		2,186,926
				26,915,247
Biotechnology — 0.5%
Baxalta, Inc., 5.25%, 06/23/45(f)		6,000		5,344,096
Broadline Retail — 0.1%
Alibaba Group Holding Ltd. 3.60%, 11/28/24		200		194,612
2.70%, 02/09/41		200		119,574
NMG Holding Co., Inc./Neiman Marcus Group LLC, 7.13%, 04/01/26(b)		222		208,260
				522,446
Building Materials — 0.8%
Camelot Return Merger Sub, Inc., 8.75%, 08/01/28(b)		336		324,123
Emerald Debt Merger Sub LLC(b) 6.38%, 12/15/30	EUR	240		252,811
6.63%, 12/15/30	USD	3,889		3,743,842
Jeld-Wen, Inc., 4.63%, 12/15/25(b)		328		314,936
Masonite International Corp., 5.38%, 02/01/28(b)(f)		235		218,578
New Enterprise Stone & Lime Co., Inc., 5.25%, 07/15/28(b)		163		146,255
Smyrna Ready Mix Concrete LLC, 6.00%, 11/01/28(b)(f)		1,146		1,058,286
Standard Industries, Inc. 2.25%, 11/21/26(g)	EUR	156		145,432
5.00%, 02/15/27(b)	USD	412		381,904
4.75%, 01/15/28(b)		26		23,452
4.38%, 07/15/30(b)		1,443		1,195,091
3.38%, 01/15/31(b)		298		230,348
Summit Materials LLC/Summit Materials Finance Corp., 5.25%, 01/15/29(b)		90		81,720
				8,116,778
Building Products — 1.0%
Advanced Drainage Systems, Inc.(b) 5.00%, 09/30/27		173		161,613
6.38%, 06/15/30		724		695,366
Beacon Roofing Supply, Inc.(b) 4.13%, 05/15/29		86		73,530
6.50%, 08/01/30		373		361,478
GYP Holdings III Corp., 4.63%, 05/01/29(b)		350		301,501
Lowe’s Cos., Inc., 5.63%, 04/15/53(f)		4,345		3,949,241
Specialty Building Products Holdings LLC/SBP Finance Corp., 6.38%, 09/30/26(b)		113		105,671
SRS Distribution, Inc.(b) 4.63%, 07/01/28		904		780,969
6.13%, 07/01/29(f)		1,062		904,457
6.00%, 12/01/29(f)		880		739,200

Security	Par (000)		Value
Building Products (continued)
White Cap Buyer LLC, 6.88%, 10/15/28(b)(f)	USD	2,121	$	1,874,562
White Cap Parent LLC, (8.25% Cash or 9.00% PIK), 8.25%, 03/15/26(b)(i)		92		88,764
				10,036,352
Capital Markets — 1.2%
Compass Group Diversified Holdings LLC, 5.25%, 04/15/29(b)(f)		447		390,807
Gaci First Investment Co., 4.88%, 02/14/35(g)		200		181,028
GLP Capital LP/GLP Financing II, Inc., 3.25%, 01/15/32		725		562,664
Huarong Finance II Co. Ltd., 4.63%, 06/03/26(g)		200		174,724
Icahn Enterprises LP/Icahn Enterprises Finance Corp.
6.25%, 05/15/26(f)		832		772,964
5.25%, 05/15/27(f)		2,656		2,334,571
4.38%, 02/01/29		675		539,770
Jefferies Financial Group, Inc., 5.50%, 10/18/23(f)		4,000		3,997,254
NFP Corp.(b) 4.88%, 08/15/28		105		92,437
6.88%, 08/15/28		401		343,528
7.50%, 10/01/30		170		163,256
State Street Corp., (1-day SOFR + 1.72%), 5.82%, 11/04/28(a)(f)		2,925		2,928,906
				12,481,909
Chemicals — 2.7%
Avient Corp., 7.13%, 08/01/30(b)		180		176,830
Axalta Coating Systems LLC, 3.38%, 02/15/29(b)		940		782,636
Axalta Coating Systems LLC/Axalta Coating Systems Dutch Holding B BV, 4.75%, 06/15/27(b)		597		554,722
Bluestar Finance Holdings Ltd., 3.38%, 07/16/24(g)		200		195,554
Chemours Co.(b) 5.75%, 11/15/28		68		59,017
4.63%, 11/15/29		261		209,962
CNAC HK Finbridge Co. Ltd., 2.00%, 09/22/25(g)		300		276,738
DuPont de Nemours, Inc., 5.42%, 11/15/48(f)		7,500		6,873,216
Element Solutions, Inc., 3.88%, 09/01/28(b)		3,039		2,622,617
GC Treasury Center Co. Ltd., 2.98%, 03/18/31(g)		200		157,566
Herens Holdco SARL, 4.75%, 05/15/28(b)		490		380,469
Illuminate Buyer LLC/Illuminate Holdings IV, Inc., 9.00%, 07/01/28(b)(f)		445		420,280
Ingevity Corp., 3.88%, 11/01/28(b)		100		82,452
LG Chem Ltd., 2.38%, 07/07/31(g)		200		155,522
LYB Finance Co. BV, 8.10%, 03/15/27(b)		6,000		6,361,961
NOVA Chemicals Corp., 4.88%, 06/01/24(b)		240		235,797
Olympus Water U.S. Holding Corp., 9.75%, 11/15/28(b) .		996		993,847
SCIL IV LLC/SCIL USA Holdings LLC, 5.38%, 11/01/26(b)(f)		480		438,585
Scotts Miracle-Gro Co., 4.00%, 04/01/31		250		191,008
SK Invictus Intermediate II SARL, 5.00%, 10/30/29(b)		877		702,854
UPL Corp. Ltd., (5-year CMT + 3.87%), 5.25%(a)(g)(h)		500		381,105
WESCO Distribution, Inc.(b) 7.13%, 06/15/25		1,485		1,488,506
7.25%, 06/15/28(f)		1,384		1,390,715
WR Grace Holdings LLC(b) 4.88%, 06/15/27		224		205,506
5.63%, 08/15/29(f)		2,101		1,699,184
7.38%, 03/01/31		373		361,617
				27,398,266

5

Schedule of Investments (unaudited) (continued) September 30, 2023 BlackRock Credit Allocation Income Trust (BTZ) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Commercial Services & Supplies — 1.5%
ADT Security Corp.(b) 4.13%, 08/01/29		USD            91	$	76,941
4.88%, 07/15/32		101		84,335
AerCap Global Aviation Trust, (3-mo. CME Term SOFR + 4.56%), 6.50%, 06/15/45(a)(b)		5,000		4,899,109
APX Group, Inc., 5.75%, 07/15/29(b)		555		467,652
Cablevision Lightpath LLC, 3.88%, 09/15/27(b)		368		307,280
Fortress Transportation and Infrastructure Investors LLC(b) 6.50%, 10/01/25		1,040		1,022,158
9.75%, 08/01/27		511		528,548
5.50%, 05/01/28(f)		1,180		1,069,772
Garda World Security Corp., 9.50%, 11/01/27(b)		84		80,314
Herc Holdings, Inc., 5.50%, 07/15/27(b)(f)		1,181		1,116,818
Hertz Corp., 5.00%, 12/01/29(b)(f)		439		343,703
LABL, Inc., 9.50%, 11/01/28(b)		710		727,750
Metis Merger Sub LLC, 6.50%, 05/15/29(b)		310		261,862
NESCO Holdings II, Inc., 5.50%, 04/15/29(b)		356		312,390
Prime Security Services Borrower LLC/Prime Finance, Inc.(b) 5.75%, 04/15/26		637		617,997
6.25%, 01/15/28(f)		879		814,102
Sotheby’s/Bidfair Holdings, Inc., 5.88%, 06/01/29(b)(f)		882		707,805
Williams Scotsman International, Inc.(b) 6.13%, 06/15/25		823		814,770
4.63%, 08/15/28		269		240,755
Williams Scotsman, Inc., 7.38%, 10/01/31		589		585,787
				15,079,848
Communications Equipment — 0.3%
CommScope Technologies LLC, 6.00%, 06/15/25(b)(f)		369		351,271
CommScope, Inc., 4.75%, 09/01/29(b)		907		667,139
Viasat, Inc. 5.63%, 09/15/25(b)		1,316		1,215,655
5.63%, 04/15/27(b)		821		711,285
7.50%, 05/30/31		74		48,877
Viavi Solutions, Inc., 3.75%, 10/01/29(b)		412		334,915
				3,329,142
Construction & Engineering — 0.2%
Brand Industrial Services, Inc., 10.38%, 08/01/30		2,257		2,260,476
Construction Materials(b) — 0.1%
American Builders & Contractors Supply Co., Inc., Series A, 3.88%, 11/15/29		24		20,000
BCPE Empire Holdings, Inc., 7.63%, 05/01/27		568		539,447
H&E Equipment Services, Inc., 3.88%, 12/15/28		132		112,714
Resideo Funding, Inc., 4.00%, 09/01/29		97		79,693
Ritchie Bros Holdings, Inc., 6.75%, 03/15/28		117		116,731
				868,585
Consumer Discretionary(b) — 1.5%
Carnival Corp. 7.63%, 03/01/26(f)		273		265,570
5.75%, 03/01/27		1,200		1,086,269
9.88%, 08/01/27		957		999,036
4.00%, 08/01/28		434		376,311
6.00%, 05/01/29(f)		992		846,159
7.00%, 08/15/29		242		238,618
Carnival Holdings Bermuda Ltd., 10.38%, 05/01/28		3,660		3,924,504
CoreLogic, Inc., 4.50%, 05/01/28(f)		1,488		1,129,065
Life Time, Inc. 5.75%, 01/15/26		256		248,060

Security	Par (000)		Value
Consumer Discretionary (continued)
Life Time, Inc. (continued) 8.00%, 04/15/26		USD          254	$	249,555
Lindblad Expeditions LLC, 6.75%, 02/15/27		480		449,400
NCL Corp. Ltd. 5.88%, 03/15/26		244		225,271
8.38%, 02/01/28		206		208,960
7.75%, 02/15/29		78		72,394
NCL Finance Ltd., 6.13%, 03/15/28(f)		530		467,725
Neptune Bidco U.S., Inc., 9.29%, 04/15/29		128		115,880
Royal Caribbean Cruises Ltd. 4.25%, 07/01/26		200		183,378
5.50%, 08/31/26		313		295,441
5.38%, 07/15/27(f)		378		349,840
11.63%, 08/15/27		284		308,111
5.50%, 04/01/28		162		148,553
8.25%, 01/15/29		302		311,643
9.25%, 01/15/29		606		640,201
7.25%, 01/15/30		515		510,412
Viking Cruises Ltd. 5.88%, 09/15/27(f)		350		319,445
7.00%, 02/15/29		74		68,080
9.13%, 07/15/31		971		971,447
Viking Ocean Cruises Ship VII Ltd., 5.63%, 02/15/29		283		256,115
				15,265,443
Consumer Finance — 2.3%
Block, Inc.(f) 2.75%, 06/01/26		1,181		1,062,189
3.50%, 06/01/31		2,228		1,750,230
Capital One Financial Corp., (1-day SOFR + 2.64%), 6.31%, 06/08/29(a)(f)		6,980		6,821,533
Global Payments, Inc., 5.95%, 08/15/52(f)		4,547		4,076,725
GTCR W-2 Merger Sub LLC, 7.50%, 01/15/31(b)(c)		1,869		1,871,616
KB Kookmin Card Co. Ltd., 4.00%, 06/09/25(g)		200		193,128
Navient Corp. 5.50%, 03/15/29		480		403,205
9.38%, 07/25/30		228		224,865
OneMain Finance Corp. 6.88%, 03/15/25		112		111,112
7.13%, 03/15/26(f)		781		764,897
6.63%, 01/15/28		295		272,188
5.38%, 11/15/29		1,233		1,032,637
4.00%, 09/15/30		141		105,800
Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc., 4.63%, 11/01/26(b)(f)		788		742,974
Shinhan Card Co. Ltd., 1.38%, 10/19/25(g)		200		181,986
SLM Corp., 3.13%, 11/02/26		347		300,986
Verscend Escrow Corp., 9.75%, 08/15/26(b)		3,791		3,791,660
				23,707,731
Consumer Staples Distribution & Retail — 2.4%
Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC(b) 3.25%, 03/15/26		1,389		1,286,579
4.63%, 01/15/27		1,961		1,851,612
5.88%, 02/15/28		928		893,180
6.50%, 02/15/28		237		234,245
3.50%, 03/15/29		158		134,709
4.88%, 02/15/30(f)		387		348,696
CK Hutchison International 21 Ltd., 2.50%, 04/15/31(f)(g)		200		160,046

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) September 30, 2023 BlackRock Credit Allocation Income Trust (BTZ) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Consumer Staples Distribution & Retail (continued)
CK Hutchison International 23 Ltd.(g) 4.75%, 04/21/28(f)	USD	400	$	385,296
4.88%, 04/21/33		400		372,168
Darling Ingredients, Inc., 6.00%, 06/15/30(b)(f)		714		675,967
General Mills, Inc.(f) 5.24%, 11/18/25		935		926,576
4.20%, 04/17/28		620		584,502
Kraft Heinz Foods Co. 4.25%, 03/01/31		68		61,944
5.00%, 07/15/35		214		198,386
7.13%, 08/01/39(b)(f)		4,415		4,684,315
4.63%, 10/01/39		100		84,465
5.00%, 06/04/42		12		10,393
4.38%, 06/01/46		158		123,120
5.50%, 06/01/50(f)		2,825		2,575,302
Lamb Weston Holdings,Inc.(b) 4.88%, 05/15/28		460		424,279
4.13%, 01/31/30(f)		515		440,402
4.38%, 01/31/32(f)		266		222,838
Performance Food Group, Inc., 4.25%, 08/01/29(b)		700		604,687
Post Holdings, Inc.(b) 4.63%, 04/15/30(f)		434		371,625
4.50%, 09/15/31		19		15,814
U.S. Foods, Inc. 6.88%, 09/15/28		280		279,412
4.75%, 02/15/29(b)		595		531,792
4.63%, 06/01/30(b)		67		58,210
7.25%, 01/15/32(b)		338		337,659
United Natural Foods, Inc., 6.75%, 10/15/28(b)		53		40,402
Walmart, Inc., Series M, 5.25%, 09/01/35(f)		5,150		5,158,273
				24,076,894
Containers & Packaging — 1.9%
Clydesdale Acquisition Holdings, Inc.(b) 6.63%, 04/15/29		1,027		954,892
8.75%, 04/15/30		633		542,898
Crown Americas LLC/Crown Americas Capital Corp. V, 4.25%, 09/30/26		224		210,560
Crown Americas LLC/Crown Americas Capital Corp. VI, 4.75%, 02/01/26		355		340,963
International Paper Co.(f) 8.70%, 06/15/38		4,000		4,635,626
7.30%, 11/15/39		10,000		10,764,550
LABL, Inc., 5.88%, 11/01/28(b)		418		375,247
OI European Group BV, 6.25%, 05/15/28	EUR	175		188,053
Owens-Brockway Glass Container, Inc., 7.25%, 05/15/31(b)(f)	USD	353		345,058
Sealed Air Corp.(b) 4.00%, 12/01/27		109		97,260
5.00%, 04/15/29		86		77,324
Sealed Air Corp./Sealed Air Corp. U.S., 6.13%, 02/01/28(b)		250		242,130
				18,774,561
Diversified Consumer Services — 1.5%
Allied Universal Holdco LLC/Allied Universal Finance Corp.(b) 6.63%, 07/15/26(f)		5,356		5,075,023
9.75%, 07/15/27(f)		3,786		3,386,252
6.00%, 06/01/29		200		149,097

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	$	1,957,851
Clarivate Science Holdings Corp.(b) 3.88%, 07/01/28		1,602		1,386,852
4.88%, 07/01/29(f)		771		657,160
Garda World Security Corp.(b) 4.63%, 02/15/27		194		177,522
7.75%, 02/15/28		860		843,146
Kodit Global Co. Ltd., Series 2023, Class 1, 4.95%, 05/25/26(g)		200		196,130
Macquarie Airfinance Holdings Ltd., 8.13%, 03/30/29		259		259,350
Service Corp. International 5.13%, 06/01/29		468		432,666
3.38%, 08/15/30(f)		1,318		1,062,308
				15,583,357
Diversified REITs — 1.4%
Crown Castle, Inc.(f) 1.05%, 07/15/26		925		811,666
3.65%, 09/01/27		8,000		7,343,981
Global Net Lease, Inc./Global Net Lease Operating Partnership LP, 3.75%, 12/15/27(b)		197		152,526
Iron Mountain, Inc.(b) 4.88%, 09/15/27		606		558,947
7.00%, 02/15/29		876		856,757
5.63%, 07/15/32		493		425,608
MPT Operating Partnership LP/MPT Finance Corp. 2.55%, 12/05/23	GBP	158		187,085
2.50%, 03/24/26		100		92,420
4.63%, 08/01/29(f)	USD	330		233,727
3.50%, 03/15/31		1,801		1,124,670
RHP Hotel Properties LP/RHP Finance Corp. 4.75%, 10/15/27		146		132,860
7.25%, 07/15/28		485		476,509
4.50%, 02/15/29(b)		1,704		1,460,252
RLJ Lodging Trust LP, 4.00%, 09/15/29(b)		199		162,969
Service Properties Trust, 7.50%, 09/15/25		242		237,749
				14,257,726
Diversified Telecommunication Services — 6.4%
Altice Financing SA(b) 5.13%, 07/15/29		796		565,881
5.75%, 08/15/29		1,675		1,372,719
AT&T, Inc. 4.65%, 06/01/44		28		21,967
4.35%, 06/15/45		95		71,087
3.50%, 09/15/53(f)		15,960		9,860,870
Level 3 Financing, Inc.(b) 3.40%, 03/01/27		1,069		1,000,990
4.63%, 09/15/27		1,727		1,242,002
3.63%, 01/15/29		183		102,480
10.50%, 05/15/30		2,491		2,507,411
Lumen Technologies, Inc., 4.00%, 02/15/27(b)		871		573,510
Sprint Capital Corp.(f) 6.88%, 11/15/28		3,063		3,162,536
8.75%, 03/15/32		2,041		2,361,123
Telecom Italia Capital SA 6.38%, 11/15/33		393		340,760
6.00%, 09/30/34		763		636,175
7.20%, 07/18/36		80		71,183
7.72%, 06/04/38		117		107,055

7

Schedule of Investments (unaudited) (continued) September 30, 2023 BlackRock Credit Allocation Income Trust (BTZ) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Diversified Telecommunication Services (continued)
Telecom Italia SpA, 5.30%, 05/30/24(b)	USD	1,062	$	1,044,146
Telefonica Emisiones SA, 5.21%, 03/08/47(f)		5,000		3,982,327
Verizon Communications, Inc.(f) 6.40%, 09/15/33		9,475		9,713,927
6.55%, 09/15/43		13,225		13,635,829
5.01%, 04/15/49		6,998		6,100,575
Zayo Group Holdings, Inc.(b)(f) 4.00%, 03/01/27		7,103		5,269,613
6.13%, 03/01/28		1,263		811,755
				64,555,921
Electric Utilities — 4.7%
Abu Dhabi National Energy Co. PJSC, 4.38%, 04/23/25(g)		200		195,800
China Huaneng Group Hong Kong Treasury Management Holding Ltd., 1.60%, 01/20/26(g)		200		182,926
Edison International, Series A, (5-year CMT + 4.70%), 5.38%(a)(h)		6,851		6,044,067
Emera, Inc., Series 16-A, (3-mo. LIBOR US + 5.44%), 6.75%, 06/15/76(a)		7,500		7,199,738
Korea Western Power Co. Ltd., 4.13%, 06/28/25(g)		200		193,824
LLPL Capital Pte. Ltd., 6.88%, 02/04/39(g)		161		142,877
Minejesa Capital BV, 4.63%, 08/10/30(g)		200		178,344
Mong Duong Finance Holdings BV, 5.13%, 05/07/29		605		547,434
NextEra Energy Capital Holdings, Inc., (3-mo. LIBOR US + 2.41%), 4.80%, 12/01/77(a)(f)		5,000		4,318,658
NextEra Energy Operating Partners LP(b) 4.25%, 07/15/24		712		696,822
4.25%, 09/15/24		26		24,895
3.88%, 10/15/26		174		157,542
Oncor Electric Delivery Co. LLC, 5.30%, 06/01/42(f)		2,750		2,623,064
Pacific Gas and Electric Co., 4.20%, 06/01/41		2,310		1,622,773
Pattern Energy Operations LP/Pattern Energy Operations, Inc., 4.50%, 08/15/28(b)		566		491,571
Perusahaan Perseroan Persero PT Perusahaan Listrik Negara, 3.00%, 06/30/30(g)		350		286,454
PG&E Corp., 5.25%, 07/01/30		226		196,408
Progress Energy, Inc., 7.00%, 10/30/31(f)		12,000		12,640,931
Sempra, (5-year CMT + 4.55%), 4.88%(a)(h)		4,375		4,145,252
Southern California Edison Co., 5.88%, 12/01/53(f)		4,000		3,759,126
Star Energy Geothermal Darajat II/Star Energy Geothermal Salak, 4.85%, 10/14/38(g)		200		170,090
State Grid Overseas Investment BVI Ltd.(g) 1.00%, 08/05/25		200		183,844
3.50%, 05/04/27		200		188,156
Talen Energy Supply LLC, 8.63%, 06/01/30(b)		202		207,071
Three Gorges Finance I Cayman Islands Ltd., 3.15%, 06/02/26(g)		200		188,104
TransAlta Corp., 7.75%, 11/15/29		165		167,063
Vistra Operations Co. LLC(b) 5.50%, 09/01/26		23		21,933
5.63%, 02/15/27		812		769,997
5.00%, 07/31/27		23		21,146
				47,565,910
Electrical Equipment(b) — 0.2%
Gates Global LLC/Gates Corp., 6.25%, 01/15/26		714		695,784
GrafTech Finance, Inc., 4.63%, 12/15/28		35		27,065

Security	Par (000)		Value
Electrical Equipment (continued)
Regal Rexnord Corp.
6.05%, 04/15/28		USD          940	$	914,307
6.30%, 02/15/30		350		338,090
6.40%, 04/15/33		510		491,236
				2,466,482
Electronic Equipment, Instruments & Components(b) — 0.3%
BWX Technologies, Inc.
4.13%, 06/30/28		70		61,887
4.13%, 04/15/29		248		217,000
Coherent Corp., 5.00%, 12/15/29(f)		687		595,657
Imola Merger Corp., 4.75%, 05/15/29		784		687,098
Vertiv Group Corp., 4.13%, 11/15/28		1,191		1,046,902
				2,608,544
Energy Equipment & Services — 0.4%
Archrock Partners LP/Archrock Partners Finance Corp.(b)
6.88%, 04/01/27		1,295		1,252,708
6.25%, 04/01/28		98		91,240
Oceaneering International, Inc., 6.00%, 02/01/28(b)(c)		101		95,149
Seadrill Finance Ltd., 8.38%, 08/01/30		222		226,023
Shelf Drilling Holdings, 9.63%, 04/15/29(c)		289		285,749
USA Compression Partners LP/USA Compression Finance Corp.
6.88%, 04/01/26		927		908,036
6.88%, 09/01/27		621		602,030
Weatherford International Ltd.(b)
6.50%, 09/15/28		111		111,011
8.63%, 04/30/30(f)		505		508,866
				4,080,812
Environmental, Maintenance & Security Service — 0.7%
Clean Harbors, Inc.(b)
5.13%, 07/15/29		1,142		1,050,533
6.38%, 02/01/31		168		163,358
Covanta Holding Corp.
4.88%, 12/01/29(b)		142		116,497
5.00%, 09/01/30		282		225,036
GFL Environmental, Inc.(b)
4.25%, 06/01/25		26		24,986
3.75%, 08/01/25		443		419,912
5.13%, 12/15/26(f)		2,367		2,254,777
4.00%, 08/01/28		36		31,456
3.50%, 09/01/28		376		323,702
4.75%, 06/15/29(f)		558		496,011
4.38%, 08/15/29		508		441,254
Tervita Corp., 11.00%, 12/01/25(b)		182		190,274
Waste Pro USA, Inc., 5.50%, 02/15/26(b)		1,818		1,697,605
				7,435,401
Financial Services — 6.5%
Acuris Finance U.S., Inc./Acuris Finance SARL, 5.00%, 05/01/28(b)		724		595,490
Ally Financial, Inc., Series B, (5-year CMT + 3.87%), 4.70%(a)(f)(h)		3,375		2,316,061
Bank of America Corp.(a)(f)
(1-day SOFR + 1.83%), 4.57%, 04/27/33		9,380		8,327,875
(1-day SOFR + 1.99%), 6.20%, 11/10/28		3,090		3,103,956
Barclays PLC, (3-mo. LIBOR US + 1.90%), 4.97%, 05/16/29(a)(f)		3,220		3,008,065

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) September 30, 2023 BlackRock Credit Allocation Income Trust (BTZ) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Financial Services (continued)
BNP Paribas SA, (5-year CMT + 3.34%), 4.63%(a)(b)(h)	USD	13,999	$	9,940,351
BOC Aviation Ltd., 1.75%, 01/21/26(g)		200		182,424
Castlelake Aviation Finance DAC, 5.00%, 04/15/27(b)		50		45,668
China Cinda 2020 I Management Ltd.(g) 3.25%, 01/28/27		200		180,852
3.00%, 03/18/27		200		178,638
CITIC Ltd., 3.70%, 06/14/26(g)		200		189,554
Citigroup, Inc.(f) 6.68%, 09/13/43		4,125		4,101,718
(1-day SOFR + 2.66%), 6.17%, 05/25/34(a)		2,740		2,618,407
CMB International Leasing Management Ltd., 1.88%, 08/12/25(g)		200		185,306
Deutsche Bank AG, (1-day SOFR + 1.87%), 2.13%, 11/24/26(a)(f)		3,260		2,948,183
Freedom Mortgage Corp., 12.25%, 10/01/30		147		150,256
GGAM Finance Ltd.(b) 7.75%, 05/15/26		66		65,340
8.00%, 06/15/28		66		65,870
Global Aircraft Leasing Co. Ltd., (6.50% Cash or 7.25% PIK), 6.50%, 09/15/24(b)(i)		338		322,204
Goldman Sachs Group, Inc., (1-day SOFR + 1.85%), 3.62%, 03/15/28(a)(f)		1,830		1,688,493
Home Point Capital, Inc., 5.00%, 02/01/26(b)		2,309		2,156,828
ICBCIL Finance Co. Ltd., 1.75%, 08/25/25(g)		200		184,818
ION Trading Technologies SARL, 5.75%, 05/15/28(b)		200		174,384
Jefferies Finance LLC/JFIN Co.-Issuer Corp., 5.00%, 08/15/28(b)		475		399,953
JIC Zhixin Ltd., 3.50%, 11/24/27(g)		200		184,964
JPMorgan Chase & Co., (1-day SOFR + 2.58%), 5.72%, 09/14/33(a)(f)		11,000		10,574,090
Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.(b) 5.25%, 10/01/25		67		64,508
4.75%, 06/15/29		398		321,507
MGIC Investment Corp., 5.25%, 08/15/28		337		313,820
Nationstar Mortgage Holdings, Inc.(b) 6.00%, 01/15/27(f)		524		495,139
5.75%, 11/15/31		380		314,344
Permian Resources Operating LLC, 7.00%, 01/15/32		261		257,401
Power Finance Corp. Ltd., 3.75%, 12/06/27(g)		200		182,152
Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc.(b) 2.88%, 10/15/26		1,078		949,384
3.88%, 03/01/31		164		130,769
4.00%, 10/15/33		116		87,601
Shriram Finance Ltd., 4.40%, 03/13/24(g)		500		491,500
Spectrum Brands, Inc., 5.00%, 10/01/29(b)		34		30,807
Sumitomo Mitsui Finance & Leasing Co. Ltd., 5.35%, 04/25/28(g)		200		196,179
UBS Group AG, (1-year CMT + 1.55%), 4.49%, 05/12/26(a)(b)		2,585		2,503,707
UniCredit SpA, (5-year CMT + 4.75%), 5.46%, 06/30/35(a)(b)(f)		6,135		5,142,996
				65,371,562
Food Products — 0.6%
Aramark International Finance SARL, 3.13%, 04/01/25(g)	EUR	200		207,348
Aramark Services, Inc.(b) 5.00%, 04/01/25	USD	1,049		1,031,073
6.38%, 05/01/25		1,567		1,591,978

Security	Par (000)		Value
Food Products (continued)
Aramark Services, Inc.(b) (continued) 5.00%, 02/01/28(f)	USD	686	$	634,436
B&G Foods, Inc., 8.00%, 09/15/28		162		162,221
Chobani LLC/Chobani Finance Corp., Inc.(b) 7.50%, 04/15/25(f)		1,562		1,547,286
4.63%, 11/15/28		675		595,336
Darling Global Finance BV, 3.63%, 05/15/26(g)	EUR	100		102,293
Simmons Foods, Inc./Simmons Prepared Foods, Inc./Simmons Pet Food, Inc./Simmons Feed, 4.63%, 03/01/29(b)	USD	275		225,589
				6,097,560
Gas Utilities — 0.0%
Suburban Propane Partners LP/Suburban Energy Finance Corp., 5.00%, 06/01/31(b)		237		197,831
Ground Transportation — 1.8%
BNSF Funding Trust I, (3-mo. LIBOR US + 2.35%), 6.61%, 12/15/55(a)(f)		6,125		5,962,395
CMHI Finance BVI Co. Ltd., (5-year CMT + 6.62%), 3.88%(a)(g)(h)		200		190,750
CSX Corp., 3.80%, 04/15/50(f)		770		555,771
Forward Air Corp., 9.50%, 10/15/31(c)		521		520,635
Norfolk Southern Corp., 6.00%, 03/15/2105		12,700		10,437,717
				17,667,268
Health Care Equipment & Supplies — 0.5%
Avantor Funding, Inc. 2.63%, 11/01/25(g)	EUR	300		302,643
4.63%, 07/15/28(b)(f)	USD	2,191		1,997,488
3.88%, 11/01/29(b)		395		337,595
Bausch & Lomb Escrow Corp., 8.38%, 10/01/28(b)		1,755		1,760,212
Embecta Corp., 6.75%, 02/15/30(b)		67		54,773
Garden Spinco Corp., 8.63%, 07/20/30(b)		328		342,385
Medtronic, Inc., 4.63%, 03/15/45(f)		647		567,460
				5,362,556
Health Care Providers & Services — 4.2%
Acadia Healthcare Co., Inc., 5.00%, 04/15/29(b)		52		46,753
AdaptHealth LLC, 5.13%, 03/01/30(b)		55		42,591
Aetna, Inc., 3.88%, 08/15/47(f)		3,500		2,452,649
AHP Health Partners, Inc., 5.75%, 07/15/29(b)		580		487,200
CHS/Community Health Systems, Inc.(b) 6.00%, 01/15/29		1,404		1,133,844
5.25%, 05/15/30(f)		867		659,073
4.75%, 02/15/31(f)		722		510,974
Elevance Health, Inc., 4.55%, 03/01/48		5,000		4,058,520
Encompass Health Corp. 4.50%, 02/01/28		35		31,889
4.75%, 02/01/30(f)		795		703,329
4.63%, 04/01/31		328		278,039
HCA, Inc. 5.38%, 09/01/26		359		352,322
5.63%, 09/01/28(f)		833		812,225
5.25%, 06/15/49(f)		3,500		2,875,206
HealthEquity, Inc., 4.50%, 10/01/29(b)		1,134		976,799
IQVIA, Inc., 6.50%, 05/15/30(b)		314		307,334
Legacy LifePoint Health LLC, 4.38%, 02/15/27(b)		509		437,740
LifePoint Health, Inc. 9.88%, 08/15/30		452		437,595
11.00%, 10/15/30(c)		563		563,000
Medline Borrower LP(b)(f) 3.88%, 04/01/29		362		306,043

9

Schedule of Investments (unaudited) (continued) September 30, 2023 BlackRock Credit Allocation Income Trust (BTZ) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Health Care Providers & Services (continued)
Medline Borrower LP(b)(f) (continued) 5.25%, 10/01/29		USD       2,815	$	2,432,994
ModivCare, Inc., 5.88%, 11/15/25(b)		444		422,049
Molina Healthcare, Inc.(b) 4.38%, 06/15/28(f)		659		590,496
3.88%, 11/15/30		491		406,355
3.88%, 05/15/32(f)		198		158,793
Prime Healthcare Services, Inc., 7.25%, 11/01/25(b)		69		63,799
RegionalCare Hospital Partners Holdings, Inc./LifePoint Health, Inc., 9.75%, 12/01/26(b)		128		123,918
Surgery Center Holdings, Inc.(b) 6.75%, 07/01/25(f)		188		186,590
10.00%, 04/15/27		524		529,895
Teleflex, Inc. 4.63%, 11/15/27		70		64,225
4.25%, 06/01/28(b)(f)		637		569,828
Tenet Healthcare Corp. 4.88%, 01/01/26(f)		4,122		3,948,998
6.25%, 02/01/27		171		165,458
5.13%, 11/01/27		427		397,381
6.13%, 06/15/30		243		227,824
6.75%, 05/15/31(b)		3,342		3,223,260
UnitedHealth Group, Inc., 6.88%, 02/15/38(f)		10,000		11,149,271
				42,134,259
Health Care Technology(b) — 0.5%
AthenaHealth Group, Inc., 6.50%, 02/15/30(f)		2,918		2,440,928
Catalent Pharma Solutions, Inc. 5.00%, 07/15/27(f)		843		773,380
3.13%, 02/15/29(f)		133		109,086
3.50%, 04/01/30		81		66,689
Charles River Laboratories International, Inc. 4.25%, 05/01/28		324		290,556
4.00%, 03/15/31		68		57,545
Fortrea Holdings, Inc., 7.50%, 07/01/30(f)		289		281,201
IQVIA, Inc. 5.00%, 10/15/26		554		529,652
5.00%, 05/15/27(f)		592		558,006
				5,107,043
Hotels, Restaurants & Leisure — 3.8%
Boyd Gaming Corp. 4.75%, 12/01/27		254		233,829
4.75%, 06/15/31(b)(f)		643		547,178
Boyne USA, Inc., 4.75%, 05/15/29(b)		584		510,799
Burger King (Restaurant Brands International, Inc.)/New Red Finance, Inc.(b) 5.75%, 04/15/25		552		547,767
3.88%, 01/15/28		1,128		1,011,861
4.38%, 01/15/28(f)		2,509		2,261,483
4.00%, 10/15/30		46		38,225
Caesars Entertainment, Inc.(b) 6.25%, 07/01/25		3,336		3,290,339
8.13%, 07/01/27(f)		2,244		2,254,697
4.63%, 10/15/29(f)		1,539		1,303,625
7.00%, 02/15/30		2,151		2,093,056
Caesars Resort Collection LLC/CRC Finco, Inc., 5.75%, 07/01/25(b)		1,048		1,043,574
CDI Escrow Issuer, Inc., 5.75%, 04/01/30(b)		1,346		1,216,001

Security	Par (000)		Value
Hotels, Restaurants & Leisure (continued)
Cedar Fair LP/Canada’s Wonderland Co./Magnum Management Corp./Millennium Op, Series 2020, 5.50%, 05/01/25(b)		USD          408	$	399,508
Champion Path Holdings Ltd.(g) 4.50%, 01/27/26		500		438,495
4.85%, 01/27/28		500		401,745
Churchill Downs, Inc.(b) 5.50%, 04/01/27		1,730		1,649,021
4.75%, 01/15/28		730		658,490
6.75%, 05/01/31		554		523,530
Fertitta Entertainment LLC/Fertitta Entertainment Finance Co., Inc.(b) 4.63%, 01/15/29		807		683,933
6.75%, 01/15/30		133		108,408
Fortune Star BVI Ltd.(g) 5.95%, 10/19/25		269		209,352
5.00%, 05/18/26		344		239,194
Hilton Domestic Operating Co., Inc. 5.38%, 05/01/25(b)		319		313,438
5.75%, 05/01/28(b)		638		616,769
3.75%, 05/01/29(b)		356		307,872
4.88%, 01/15/30(f)		833		758,094
4.00%, 05/01/31(b)		248		208,488
3.63%, 02/15/32(b)		12		9,674
Las Vegas Sands Corp. 3.50%, 08/18/26		96		87,363
3.90%, 08/08/29		88		75,102
Light & Wonder International, Inc., 7.50%, 09/01/31		279		275,750
Lindblad Expeditions Holdings, Inc., 9.00%, 05/15/28(b).		371		370,191
Marriott International, Inc., Series EE, 5.75%, 05/01/25(f)		1,295		1,292,476
McDonald’s Corp., 4.20%, 04/01/50		480		372,616
Melco Resorts Finance Ltd. 4.88%, 06/06/25(b)		200		188,870
5.25%, 04/26/26(g)		300		276,000
5.75%, 07/21/28(g)		300		260,160
5.38%, 12/04/29(b)		1,000		821,710
5.38%, 12/04/29(g)		383		314,715
Merlin Entertainments Ltd., 5.75%, 06/15/26(b)		440		420,145
MGM China Holdings Ltd. 5.88%, 05/15/26(b)		200		189,516
5.88%, 05/15/26(f)(g)		200		189,516
4.75%, 02/01/27(b)		200		179,834
Midwest Gaming Borrower LLC/Midwest Gaming Finance Corp., 4.88%, 05/01/29(b)		313		266,479
Motion Bondco DAC, 6.63%, 11/15/27(b)		200		185,000
Ontario Gaming GTA LP, 8.00%, 08/01/30		236		236,000
Premier Entertainment Sub LLC/Premier Entertainment Finance Corp.(b) 5.63%, 09/01/29		242		186,340
5.88%, 09/01/31		242		178,475
Sands China Ltd., 5.65%, 08/08/28		200		187,625
Scientific Games Holdings LP/Scientific Games US FinCo, Inc., 6.63%, 03/01/30(b)		175		150,938
Scientific Games International, Inc.(b)(f) 7.00%, 05/15/28		451		443,292
7.25%, 11/15/29		218		213,640
Six Flags Entertainment Corp., 7.25%, 05/15/31(b)(f)		1,100		1,032,768
Six Flags Theme Parks, Inc., 7.00%, 07/01/25(b)		591		589,502
Station Casinos LLC, 4.63%, 12/01/31(b)(f)		611		488,729

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) September 30, 2023 BlackRock Credit Allocation Income Trust (BTZ) (Percentages shown are based on Net Assets)

Security	Par (000)			Value
Hotels, Restaurants & Leisure (continued)
Studio City Co. Ltd., 7.00%, 02/15/27(g)		USD          200		$	188,416
Studio City Finance Ltd.(g)
6.50%, 01/15/28		300			251,865
5.00%, 01/15/29		530			396,959
Sunny Express Enterprises Corp., 2.95%, 03/01/27(g)		200			184,332
Vail Resorts, Inc., 6.25%, 05/15/25(b)		341			339,162
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp., 5.25%, 05/15/27(b)(f)		602			559,978
Wynn Macau Ltd.
4.88%, 10/01/24(g)		200			194,100
5.50%, 01/15/26(g)		230			213,311
5.63%, 08/26/28(b)(f)		1,267			1,092,787
Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.(b)(f)
5.13%, 10/01/29		1,337			1,168,707
7.13%, 02/15/31		559			530,616
					38,471,430
Household Durables — 0.4%
Brookfield Residential Properties, Inc./Brookfield Residential U.S. LLC, 4.88%, 02/15/30(b)		699			568,483
CD&R Smokey Buyer, Inc., 6.75%, 07/15/25(b)		507			488,545
Dream Finders Homes, Inc., 8.25%, 08/15/28		168			169,137
Lennar Corp., 5.25%, 06/01/26(f)		890			876,684
Mattamy Group Corp., 4.63%, 03/01/30(b)		427			363,411
NCR Corp., 5.00%, 10/01/28(b)		241			215,718
PulteGroup, Inc.
5.00%, 01/15/27		55			53,770
7.88%, 06/15/32		56			61,902
SWF Escrow Issuer Corp., 6.50%, 10/01/29(b)(f)		684			437,555
Taylor Morrison Communities, Inc., 5.88%, 06/15/27(b)		15			14,260
Tempur Sealy International, Inc.(b)
4.00%, 04/15/29		429			358,044
3.88%, 10/15/31		70			54,002
Toll Brothers Finance Corp., 4.35%, 02/15/28		35			32,494
					3,694,005
Household Products — 0.0%
Central Garden & Pet Co.
5.13%, 02/01/28		80			74,608
4.13%, 10/15/30(f)		246			205,094
					279,702
Independent Power and Renewable Electricity Producers — 0.8%
Alexander Funding Trust II, 7.47%, 07/31/28(b)		520			520,681
Calpine Corp.(b)
5.25%, 06/01/26		379			367,964
5.13%, 03/15/28(f)		2,807			2,499,460
5.00%, 02/01/31		3			2,426
Clearway Energy Operating LLC(b)
4.75%, 03/15/28		747			668,087
3.75%, 01/15/32		307			238,656
Greenko Dutch BV, 3.85%, 03/29/26(f)(g)		746			669,482
India Green Energy Holdings, 5.38%, 04/29/24(g)		250			246,250
India Green Power Holdings, 4.00%, 02/22/27(g)		700			612,003
JERA Co., Inc., 3.67%, 04/14/27(g)		200			185,441
NRG Energy, Inc., 6.63%, 01/15/27		618	��		605,363
ReNew Power Pvt Ltd., 5.88%, 03/05/27(g)		200			184,036

Security	Par (000)		Value
Independent Power and Renewable Electricity Producers (continued)
ReNew Wind Energy AP2/ReNew Power Pvt Ltd. other 9 Subsidiaries, 4.50%, 07/14/28(g)		USD          550	$	458,452
TerraForm Power Operating LLC(b)
5.00%, 01/31/28		231		209,632
4.75%, 01/15/30		127		108,509
				7,576,442
Industrial Conglomerates — 0.0%
Shanghai Port Group BVI Development 2 Co. Ltd., 1.50%, 07/13/25(g)		200		185,092
Insurance — 4.1%
Acrisure LLC/Acrisure Finance, Inc., 6.00%, 08/01/29(b)		280		235,296
AIA Group Ltd., (5-year CMT + 1.76%), 2.70%(a)(g)(h)		200		174,718
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer(b)
4.25%, 10/15/27		41		36,709
6.75%, 10/15/27(f)		2,839		2,640,303
6.75%, 04/15/28		1,167		1,126,218
5.88%, 11/01/29		55		47,631
Allstate Corp., Series B, (3-mo. CME Term SOFR + 3.20%), 8.56%, 08/15/53(a)		5,000		4,933,943
AmWINS Group, Inc., 4.88%, 06/30/29(b)		551		482,802
Aon Global Ltd., 4.25%, 12/12/42		6,500		4,814,172
Farmers Exchange Capital II, (3-mo. LIBOR US + 3.74%), 6.15%, 11/01/53(a)(b)		4,890		4,536,216
GTCR AP Finance, Inc., 8.00%, 05/15/27(b)		80		78,637
Guoren Property & Casualty Insurance Co. Ltd., 3.35%, 06/01/26(g)		200		172,526
HUB International Ltd.(b)
7.00%, 05/01/26		1,708		1,704,246
7.25%, 06/15/30(f)		2,438		2,433,538
Jones Deslauriers Insurance Management, Inc.(b)
8.50%, 03/15/30		764		769,609
10.50%, 12/15/30		400		406,974
NFP Corp., 8.50%, 10/01/31		273		273,414
Northwestern Mutual Life Insurance Co., 6.06%, 03/30/40(b)(f)		12,000		11,708,700
Progressive Corp., Series B, (3-mo. LIBOR US + 2.54%), 8.21%(a)(h)		5,000		4,956,533
Ryan Specialty LLC, 4.38%, 02/01/30(b)		308		268,214
				41,800,399
Interactive Media & Services — 0.6%
Baidu, Inc., 1.63%, 02/23/27		200		174,742
Cablevision Lightpath LLC, 5.63%, 09/15/28(b)		540		414,414
Netflix, Inc.
3.63%, 06/15/25(b)		210		202,610
5.88%, 11/15/28(f)		1,698		1,707,612
5.38%, 11/15/29(b)		2,007		1,958,293
4.88%, 06/15/30(b)		461		436,433
Northwest Fiber LLC/Northwest Fiber Finance Sub, Inc., 4.75%, 04/30/27(b)		552		491,280
Tencent Holdings Ltd.(g)
3.60%, 01/19/28		200		182,660
3.68%, 04/22/41		200		138,230
Weibo Corp., 3.50%, 07/05/24		200		195,222
				5,901,496

11

Schedule of Investments (unaudited) (continued) September 30, 2023 BlackRock Credit Allocation Income Trust (BTZ) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Internet Software & Services — 1.1%
ANGI Group LLC, 3.88%, 08/15/28(b)		USD          432	$	338,030
Booking Holdings, Inc., 3.55%, 03/15/28(f)		3,375		3,141,745
Go Daddy Operating Co. LLC/GD Finance Co., Inc., 3.50%, 03/01/29(b)		777		653,731
Match Group Holdings II LLC(b) 4.13%, 08/01/30		383		316,036
3.63%, 10/01/31(f)		217		171,239
Uber Technologies, Inc.(b) 7.50%, 05/15/25		1,590		1,599,938
8.00%, 11/01/26		645		652,582
7.50%, 09/15/27(f)		1,443		1,454,983
6.25%, 01/15/28		2,220		2,170,860
4.50%, 08/15/29		926		827,711
				11,326,855
IT Services — 0.8%
Booz Allen Hamilton, Inc., 4.00%, 07/01/29(b)		945		833,490
CA Magnum Holdings 5.38%, 10/31/26(b)		964		850,576
5.38%, 10/31/26(g)		700		617,638
Camelot Finance SA, 4.50%, 11/01/26(b)		1,348		1,244,459
Central Parent LLC/CDK Global II LLC/CDK Financing Co, Inc., 8.00%, 06/15/29		661		658,554
Dun & Bradstreet Corp., 5.00%, 12/15/29(b)		592		510,385
Fair Isaac Corp., 4.00%, 06/15/28(b)		393		351,373
Gartner, Inc., 4.50%, 07/01/28(b)		545		497,211
KBR, Inc., 4.75%, 09/30/28(b)		81		71,280
McAfee Corp., 7.38%, 02/15/30(b)(f)		1,181		988,725
Presidio Holdings, Inc., 4.88%, 02/01/27(b)		73		67,486
Twilio, Inc. 3.63%, 03/15/29		259		216,820
3.88%, 03/15/31(f)		558		453,700
Wipro IT Services LLC, 1.50%, 06/23/26(g)		200		178,530
ZoomInfo Technologies LLC/ZoomInfo Finance Corp., 3.88%, 02/01/29(b)		799		665,923
				8,206,150
Leisure Products — 0.1%
Acushnet Co., 7.38%, 10/15/28(c)		124		124,930
Mattel, Inc. 3.75%, 04/01/29(b)		122		106,193
6.20%, 10/01/40		513		456,914
5.45%, 11/01/41(f)		540		445,406
				1,133,443
Life Sciences Tools & Services — 0.1%
Star Parent, Inc., 9.00%, 10/01/30		1,266		1,279,296
Machinery — 0.8%
Chart Industries, Inc.(b) 7.50%, 01/01/30(f)		946		951,184
9.50%, 01/01/31		143		151,981
GrafTech Global Enterprises, Inc., 9.88%, 12/15/28		482		456,695
Husky III Holding Ltd., (13.00% Cash or 13.75% PIK), 13.00%, 02/15/25(b)(i)		166		164,343
Madison IAQ LLC, 5.88%, 06/30/29(b)(f)		658		529,849
Terex Corp., 5.00%, 05/15/29(b)(f)		688		616,121
Titan Acquisition Ltd./Titan Co.-Borrower LLC, 7.75%, 04/15/26(b)		1,619		1,586,620

Security	Par (000)		Value
Machinery (continued)
TK Elevator Holdco GmbH, 7.63%, 07/15/28(b)(f)		USD          596	$	542,496
TK Elevator U.S. Newco, Inc., 5.25%, 07/15/27(b)		2,802		2,568,113
				7,567,402
Media — 8.1%
Banijay Entertainment SASU, 8.13%, 05/01/29(b)		200		198,502
Cable One, Inc. 0.00%, 03/15/26(j)(k)		136		111,248
4.00%, 11/15/30(b)		493		375,567
CCO Holdings LLC/CCO Holdings Capital Corp.(b) 5.00%, 02/01/28		7		6,357
6.38%, 09/01/29(f)		7,984		7,444,804
4.75%, 03/01/30(f)		229		192,234
4.50%, 08/15/30(f)		113		92,752
4.25%, 02/01/31(f)		1,749		1,392,271
7.38%, 03/01/31(f)		3,146		3,038,498
4.75%, 02/01/32		229		183,200
4.25%, 01/15/34		975		717,871
Charter Communications Operating LLC/Charter Communications Operating Capital 6.38%, 10/23/35		479		446,305
6.48%, 10/23/45		9,584		8,368,204
5.38%, 05/01/47		1,500		1,143,035
6.83%, 10/23/55		3,540		3,128,121
Clear Channel Outdoor Holdings, Inc. 5.13%, 08/15/27(b)(f)		4,707		4,179,781
7.75%, 04/15/28(b)(f)		1,309		1,045,121
9.00%, 09/15/28		2,095		2,074,762
Comcast Corp., 3.75%, 04/01/40(f)		545		422,181
Connect Finco SARL/Connect U.S. Finco LLC, 6.75%, 10/01/26(b)		4,099		3,823,128
Cox Communications, Inc., 8.38%, 03/01/39(b)(f)		5,000		5,664,800
CSC Holdings LLC(b) 5.38%, 02/01/28		336		273,542
11.25%, 05/15/28		3,114		3,101,814
4.13%, 12/01/30(f)		272		192,498
4.50%, 11/15/31(f)		726		513,848
Directv Financing LLC/Directv Financing Co-Obligor, Inc., 5.88%, 08/15/27(b)(f)		807		713,533
Discovery Communications LLC, 4.88%, 04/01/43(f)		4,000		2,986,714
DISH DBS Corp. 7.75%, 07/01/26(f)		1,110		832,500
5.25%, 12/01/26(b)		1,102		936,536
5.75%, 12/01/28(b)		189		145,294
DISH Network Corp., 11.75%, 11/15/27(b)		1,373		1,383,251
Frontier Communications Holdings LLC(b) 5.00%, 05/01/28		640		546,446
8.75%, 05/15/30		2,693		2,556,937
GCI LLC, 4.75%, 10/15/28(b)		160		138,000
Globe Telecom, Inc., (5-year CMT + 5.53%), 4.20%(a)(g)(h)		700		649,257
Gray Television, Inc.(b) 5.88%, 07/15/26		263		236,300
7.00%, 05/15/27		335		288,100
HKT Capital No. 4 Ltd., 3.00%, 07/14/26(g)		200		185,444
Hughes Satellite Systems Corp., 5.25%, 08/01/26		152		136,676
Iliad Holding SASU(b) 6.50%, 10/15/26(f)		1,020		958,303
7.00%, 10/15/28		735		669,053
Interpublic Group of Cos., Inc., 5.40%, 10/01/48(f)		2,215		1,883,429

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) September 30, 2023 BlackRock Credit Allocation Income Trust (BTZ) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Media (continued)
LCPR Senior Secured Financing DAC, 6.75%, 10/15/27(b)		USD          860	$	789,910
Ligado Networks LLC, (15.50% PIK), 15.50%, 11/01/23(b)(i)		539		159,021
Lions Gate Capital Holdings LLC, 5.50%, 04/15/29(b)		388		255,811
Live Nation Entertainment, Inc.(b) 4.88%, 11/01/24		136		133,620
5.63%, 03/15/26		25		24,003
6.50%, 05/15/27(f)		2,865		2,824,865
4.75%, 10/15/27(f)		711		651,009
3.75%, 01/15/28		155		136,788
Network i2i Ltd., (5-year CMT + 4.27%), 5.65%(a)(g)(h)		695		673,406
Nexstar Media, Inc., 5.63%, 07/15/27(b)		75		66,744
Outfront Media Capital LLC/Outfront Media Capital Corp.(b) 5.00%, 08/15/27(f)		998		879,319
4.25%, 01/15/29(f)		461		365,813
4.63%, 03/15/30		151		118,703
Paramount Global, 5.85%, 09/01/43(f)		1,300		1,011,016
Radiate Holdco LLC/Radiate Finance, Inc.(b) 4.50%, 09/15/26(f)		1,066		809,803
6.50%, 09/15/28		2,175		1,141,875
Sinclair Television Group, Inc., 4.13%, 12/01/30(b)(f)		385		238,727
Sirius XM Radio, Inc., 5.00%, 08/01/27(b)		651		594,623
Stagwell Global LLC, 5.63%, 08/15/29(b)		209		168,767
TEGNA, Inc., 4.75%, 03/15/26(b)		64		60,640
Telenet Finance Luxembourg Notes SARL, 5.50%, 03/01/28(b)		1,000		900,000
Time Warner Cable LLC, 6.55%, 05/01/37		3,519		3,191,766
Univision Communications, Inc.(b) 6.63%, 06/01/27		60		55,880
8.00%, 08/15/28(f)		477		462,451
7.38%, 06/30/30(f)		242		221,163
UPC Broadband Finco BV, 4.88%, 07/15/31(b)		534		433,330
Virgin Media Vendor Financing Notes IV DAC, 5.00%, 07/15/28(b)		1,452		1,252,960
Ziggo Bond Co. BV, 6.00%, 01/15/27(b)		955		874,294
Ziggo BV, 4.88%, 01/15/30(b)		605		492,866
				82,365,390
Metals & Mining — 2.0%
ABJA Investment Co. Pte. Ltd., 5.45%, 01/24/28(g)		306		298,521
Arsenal AIC Parent LLC, 8.00%, 10/01/30(b)		202		200,994
ATI, Inc. 5.88%, 12/01/27		374		354,365
7.25%, 08/15/30		764		758,270
5.13%, 10/01/31		656		567,675
Big River Steel LLC/BRS Finance Corp., Series L, 6.63%, 01/31/29(b)		2,606		2,574,832
Carpenter Technology Corp. 6.38%, 07/15/28		58		55,939
7.63%, 03/15/30(f)		108		108,135
Chinalco Capital Holdings Ltd., 2.13%, 06/03/26(g)		200		181,612
Constellium SE(b) 5.88%, 02/15/26		830		810,628
3.75%, 04/15/29(f)		1,731		1,450,434
First Quantum Minerals Ltd., 8.63%, 06/01/31(b)		495		492,525
JSW Steel Ltd., 3.95%, 04/05/27(g)		500		437,870
Kaiser Aluminum Corp.(b) 4.63%, 03/01/28(f)		944		824,291
4.50%, 06/01/31		841		666,180

Security	Par (000)		Value
Metals & Mining (continued)
New Gold, Inc., 7.50%, 07/15/27(b)		USD       1,357	$	1,266,738
Novelis Corp.(b) 3.25%, 11/15/26		599		534,965
4.75%, 01/30/30(f)		3,326		2,878,486
3.88%, 08/15/31		932		744,281
Periama Holdings LLC, 5.95%, 04/19/26(g)		200		189,252
Roller Bearing Co. of America, Inc., 4.38%, 10/15/29(b)		249		214,180
Southern Copper Corp., 5.88%, 04/23/45(f)		3,870		3,600,648
Steel Dynamics, Inc., 3.25%, 10/15/50		1,145		695,431
Vedanta Resources Finance II PLC(g) 13.88%, 01/21/24		400		357,572
8.95%, 03/11/25		200		146,956
				20,410,780
Multi-Utilities — 0.1%
AmeriGas Partners LP/AmeriGas Finance Corp., 9.38%, 06/01/28(b)		453		459,229
Offshore Drilling & Other Services — 0.1%
Entegris Escrow Corp., 4.75%, 04/15/29(b)		258		231,944
Entegris, Inc., 4.38%, 04/15/28(b)		120		106,809
Lam Research Corp., 4.88%, 03/15/49(f)		875		763,773
				1,102,526
Oil, Gas & Consumable Fuels — 13.5%
Aethon United BR LP/Aethon United Finance Corp., 8.25%, 02/15/26(b)		521		516,889
Antero Midstream Partners LP/Antero Midstream Finance Corp.(b) 5.75%, 03/01/27		95		90,673
5.75%, 01/15/28		127		119,789
5.38%, 06/15/29		1,095		1,002,568
Apache Corp., 5.35%, 07/01/49		172		131,773
Ascent Resources Utica Holdings LLC/ARU Finance Corp.(b)
Series B, 9.00%, 11/01/27		602		758,520
Series B, 8.25%, 12/31/28		1,334		1,320,118
Baytex Energy Corp., 8.50%, 04/30/30(b)		110		111,301
Buckeye Partners LP 4.13%, 03/01/25(b)		594		564,254
5.85%, 11/15/43		383		279,588
5.60%, 10/15/44		191		135,902
Callon Petroleum Co. 6.38%, 07/01/26		245		240,446
8.00%, 08/01/28(b)(f)		927		928,324
7.50%, 06/15/30(b)(f)		986		956,003
Chesapeake Energy Corp.(b) 5.88%, 02/01/29		80		75,276
6.75%, 04/15/29(f)		705		689,915
CITGO Petroleum Corp., 8.38%, 01/15/29(b)		733		732,047
Civitas Resources, Inc.(b) 8.38%, 07/01/28		1,204		1,225,070
8.75%, 07/01/31		945		965,288
CNOOC Finance 2014 ULC, Series 2014, 4.88%, 04/30/44		250		216,198
CNOOC Finance 2015 USA LLC, Series 2015, 3.50%, 05/05/25		250		241,250
CNOOC Petroleum North America ULC, 6.40%, 05/15/37		2,000		2,061,380
CNX Resources Corp., 7.38%, 01/15/31(b)		166		162,738
Comstock Resources, Inc.(b) 6.75%, 03/01/29(f)		528		485,703

13

Schedule of Investments (unaudited) (continued) September 30, 2023 BlackRock Credit Allocation Income Trust (BTZ) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Oil, Gas & Consumable Fuels (continued)
Comstock Resources, Inc.(b) (continued) 5.88%, 01/15/30		USD          738	$	638,835
CQP Holdco LP/BIP-V Chinook Holdco LLC, 5.50%, 06/15/31(b)		2,468		2,187,507
Crescent Energy Finance LLC(b) 7.25%, 05/01/26		1,096		1,074,080
9.25%, 02/15/28		696		710,581
Crestwood Midstream Partners LP/Crestwood Midstream Finance Corp.(b) 6.00%, 02/01/29		510		492,303
8.00%, 04/01/29		142		145,655
7.38%, 02/01/31		417		424,694
CrownRock LP/CrownRock Finance, Inc.(b) 5.63%, 10/15/25		1,369		1,347,028
5.00%, 05/01/29		86		80,579
Devon Energy Corp. 5.25%, 09/15/24		100		99,240
5.25%, 10/15/27		130		126,640
5.88%, 06/15/28		204		203,316
4.50%, 01/15/30		117		106,324
Diamond Foreign Asset Co./Diamond Finance LLC, 8.50%, 10/01/30		318		318,045
Diamondback Energy, Inc.(f) 3.50%, 12/01/29		692		614,054
6.25%, 03/15/33		2,880		2,881,644
DT Midstream, Inc.(b)(f) 4.13%, 06/15/29		591		511,240
4.38%, 06/15/31		568		477,639
Dycom Industries, Inc., 4.50%, 04/15/29(b)		26		22,490
Earthstone Energy Holdings LLC(b)(f) 8.00%, 04/15/27		444		454,443
9.88%, 07/15/31		459		499,150
eG Global Finance PLC(b) 6.75%, 02/07/25(f)		479		470,618
8.50%, 10/30/25		727		715,495
Enbridge, Inc.(a)
(3-mo. CME Term SOFR + 3.90%), 6.25%, 03/01/78		5,000		4,461,858
Series 16-A, (3-mo. CME Term SOFR + 4.15%), 6.00%, 01/15/77		5,880		5,383,288
Endeavor Energy Resources LP/EER Finance, Inc., 5.75%, 01/30/28(b)		518		499,851
Energy Transfer LP 5.50%, 06/01/27		406		399,625
6.13%, 12/15/45(f)		3,579		3,183,526
Series B, (3-mo. LIBOR US + 4.16%), 6.63%(a)(h)		5,000		3,984,820
Series H, (5-year CMT + 5.69%), 6.50%(a)(h)		121		111,181
EnLink Midstream LLC 5.63%, 01/15/28(b)		530		501,107
5.38%, 06/01/29		368		340,400
6.50%, 09/01/30(b)		317		307,500
EnLink Midstream Partners LP 4.15%, 06/01/25		20		19,091
4.85%, 07/15/26		35		32,951
5.60%, 04/01/44		568		471,440
Enterprise Products Operating LLC(f) 4.90%, 05/15/46		5,375		4,577,094
Series E, (3-mo. CME Term SOFR + 3.29%), 5.25%, 08/16/77(a)		4,800		4,223,921
EQM Midstream Partners LP 6.00%, 07/01/25(b)		50		49,224
4.13%, 12/01/26		226		209,197

Security	Par (000)		Value
Oil, Gas & Consumable Fuels (continued)
EQM Midstream Partners LP (continued) 7.50%, 06/01/30(b)		USD          141	$	141,599
4.75%, 01/15/31(b)(f)		802		690,313
Exxon Mobil Corp., 3.45%, 04/15/51(f)		3,890		2,721,726
Genesis Energy LP/Genesis Energy Finance Corp. 6.50%, 10/01/25		99		97,299
7.75%, 02/01/28		368		348,852
8.88%, 04/15/30		232		226,522
Gulfport Energy Corp., 8.00%, 05/17/26(b)		52		52,566
Harbour Energy PLC, 5.50%, 10/15/26(b)		200		186,500
Harvest Midstream I LP, 7.50%, 09/01/28(b)		115		111,163
Hess Corp., 5.80%, 04/01/47(f)		5,000		4,559,440
Hess Midstream Operations LP, 4.25%, 02/15/30(b)		497		419,089
Hilcorp Energy I LP/Hilcorp Finance Co.(b) 6.25%, 11/01/28		238		223,176
5.75%, 02/01/29		272		245,614
6.00%, 04/15/30		32		28,853
Howard Midstream Energy Partners LLC, 8.88%, 07/15/28(b)		390		393,413
ITT Holdings LLC, 6.50%, 08/01/29(b)(f)		711		602,660
Kinder Morgan, Inc. 7.80%, 08/01/31		197		213,822
7.75%, 01/15/32(f)		4,586		4,973,136
Kinetik Holdings LP, 5.88%, 06/15/30(b)(f)		427		400,313
Magnolia Oil & Gas Operating LLC/Magnolia Oil & Gas Finance Corp., 6.00%, 08/01/26(b)		58		55,977
Marathon Petroleum Corp., 5.13%, 12/15/26(f)		937		922,028
Matador Resources Co. 5.88%, 09/15/26		415		400,528
6.88%, 04/15/28(b)		412		404,519
Medco Bell Pte. Ltd., 6.38%, 01/30/27(g)		300		281,799
Medco Laurel Tree Pte. Ltd., 6.95%, 11/12/28(g)		400		371,304
Medco Oak Tree Pte. Ltd., 7.38%, 05/14/26(g)		200		198,234
MPLX LP 5.20%, 03/01/47(f)		3,500		2,858,128
4.70%, 04/15/48(f)		5,000		3,789,994
5.50%, 02/15/49(f)		2,640		2,234,417
5.65%, 03/01/53		885		760,472
Murphy Oil Corp. 5.75%, 08/15/25		2		1,998
5.88%, 12/01/27		46		44,639
5.88%, 12/01/42		47		37,998
Murphy Oil USA, Inc., 4.75%, 09/15/29		323		291,223
Nabors Industries Ltd.(b) 7.25%, 01/15/26		260		251,225
7.50%, 01/15/28		788		728,496
Nabors Industries, Inc. 5.75%, 02/01/25(f)		1,258		1,231,267
7.38%, 05/15/27(b)		11		10,641
New Fortress Energy, Inc.(b) 6.75%, 09/15/25		1,187		1,133,117
6.50%, 09/30/26		288		265,171
NGL Energy Operating LLC/NGL Energy Finance Corp., 7.50%, 02/01/26(b)(f)		539		533,091
NGPL PipeCo LLC, 7.77%, 12/15/37(b)		1,117		1,148,887
Noble Finance II LLC, 8.00%, 04/15/30(b)		486		492,356
Northern Oil and Gas, Inc.(b) 8.13%, 03/01/28		1,220		1,218,536
8.75%, 06/15/31		486		489,645
NuStar Logistics LP 6.00%, 06/01/26		373		361,891

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) September 30, 2023 BlackRock Credit Allocation Income Trust (BTZ) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Oil, Gas & Consumable Fuels (continued)
NuStar Logistics LP (continued) 6.38%, 10/01/30		USD            45	$	42,627
Occidental Petroleum Corp., 6.20%, 03/15/40(f)		568		541,420
PBF Holding Co. LLC/PBF Finance Corp., 7.88%, 09/15/30(b)		195		194,215
PDC Energy, Inc., 5.75%, 05/15/26(f)		759		756,381
Permian Resources Operating LLC(b) 5.38%, 01/15/26		64		61,273
7.75%, 02/15/26		635		639,111
6.88%, 04/01/27		208		205,030
5.88%, 07/01/29(f)		571		537,131
Pertamina Persero PT(g) 1.40%, 02/09/26		250		224,963
2.30%, 02/09/31		200		154,978
Petroleos Mexicanos, 6.70%, 02/16/32		695		514,647
Petronas Capital Ltd.(g) 2.48%, 01/28/32		200		158,246
4.50%, 03/18/45		200		164,334
Plains All American Pipeline LP, Series B, (3-mo. CME Term SOFR + 4.37%), 9.74%(a)(h)		2,215		2,090,196
Precision Drilling Corp., 6.88%, 01/15/29(b)		18		17,050
Reliance Industries Ltd., 3.67%, 11/30/27(g)		300		277,920
Rockcliff Energy II LLC, 5.50%, 10/15/29(b)		239		215,092
Rockies Express Pipeline LLC, 6.88%, 04/15/40(b)		580		508,487
Sabine Pass Liquefaction LLC(f) 5.75%, 05/15/24		575		573,785
5.88%, 06/30/26		1,481		1,478,404
Sinopec Group Overseas Development 2018 Ltd., 2.30%, 01/08/31(f)(g)		500		413,270
Sitio Royalties Operating Partnership LP/Sitio Finance Corp., 7.88%, 11/01/28(c)		485		486,213
SM Energy Co. 5.63%, 06/01/25		196		191,825
6.75%, 09/15/26		393		385,777
6.63%, 01/15/27		75		73,500
6.50%, 07/15/28		125		120,000
Southwestern Energy Co. 5.70%, 01/23/25		29		28,576
5.38%, 02/01/29(f)		308		283,664
4.75%, 02/01/32		8		6,866
Summit Digitel Infrastructure Ltd., 2.88%, 08/12/31(g)		200		152,088
Sunoco LP/Sunoco Finance Corp. 6.00%, 04/15/27		141		136,662
5.88%, 03/15/28		317		304,103
7.00%, 09/15/28		277		273,328
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.(b) 7.50%, 10/01/25		41		40,888
6.00%, 03/01/27		150		140,979
5.50%, 01/15/28		52		47,320
6.00%, 12/31/30		102		90,036
6.00%, 09/01/31		239		208,331
TransCanada PipeLines Ltd., 4.88%, 05/15/48(f)		4,000		3,222,389
Transcanada Trust, (3-mo. LIBOR US + 3.53%), 5.63%, 05/20/75(a)(f)		2,755		2,549,917
Transocean Aquila Ltd., 8.00%, 09/30/28(b)(c)		184		184,000
Transocean Titan Financing Ltd., 8.38%, 02/01/28(b)		269		273,708
Transocean, Inc.(b) 7.50%, 01/15/26		1,145		1,119,031
11.50%, 01/30/27		739		775,026

Security	Par (000)		Value
Oil, Gas & Consumable Fuels (continued)
Transocean, Inc.(b) (continued) 8.00%, 02/01/27		USD          387	$	372,488
8.75%, 02/15/30		1,526		1,560,028
Valaris Ltd., 8.38%, 04/30/30(b)		1,131		1,131,848
Venture Global Calcasieu Pass LLC(b) 3.88%, 08/15/29		1,575		1,325,328
4.13%, 08/15/31		910		746,765
3.88%, 11/01/33(f)		1,100		854,068
Venture Global LNG, Inc.(b) 8.13%, 06/01/28		1,960		1,940,680
8.38%, 06/01/31		3,132		3,078,950
Vermilion Energy, Inc., 6.88%, 05/01/30(b)		270		255,473
Vital Energy, Inc. 10.13%, 01/15/28		322		328,200
9.75%, 10/15/30		322		329,175
Western Midstream Operating LP 5.45%, 04/01/44		12		9,673
5.30%, 03/01/48(f)		945		737,612
5.50%, 08/15/48		117		93,029
5.25%, 02/01/50(f)		444		345,891
Williams Cos., Inc.(f) 4.55%, 06/24/24		527		521,291
8.75%, 03/15/32		2,478		2,816,117
5.10%, 09/15/45		5,075		4,263,354
Woodside Finance Ltd., 3.70%, 09/15/26(g)		200		187,310
				136,282,391
Passenger Airlines — 1.4%
Air Canada, 3.88%, 08/15/26(b)		549		498,249
Allegiant Travel Co., 7.25%, 08/15/27(b)		116		109,185
American Airlines, Inc. 5.18%, 10/15/23(d)		588		587,809
11.75%, 07/15/25(b)		64		68,800
7.25%, 02/15/28(b)		137		130,987
American Airlines, Inc./AAdvantage Loyalty IP Ltd.(b) 5.50%, 04/20/26		370		361,145
5.75%, 04/20/29(f)		1,764		1,640,849
Hawaiian Brand Intellectual Property Ltd./HawaiianMiles Loyalty Ltd., 5.75%, 01/20/26(b)		66		59,391
Mileage Plus Holdings LLC/Mileage Plus Intellectual Property Assets Ltd., 6.50%, 06/20/27(b)(f)		1,793		1,776,365
Singapore Airlines Ltd., 3.00%, 07/20/26(g)		200		187,050
Turkish Airlines Pass-Through Trust, Series 2015-1, Class A, 4.20%, 09/15/28(b)		1,377		1,257,238
United Airlines Pass-Through Trust, Series 2020-1, Class A, 5.88%, 04/15/29(f)		4,636		4,596,156
United Airlines, Inc.(b) 4.38%, 04/15/26		1,097		1,014,495
4.63%, 04/15/29(f)		1,362		1,170,681
VistaJet Malta Finance PLC/Vista Management Holding, Inc., 7.88%, 05/01/27(b)		192		165,360
				13,623,760
Personal Care Products — 0.0%
Coty, Inc./HFC Prestige Products, Inc./HFC Prestige International U.S. LLC, Series 2020, 6.63%, 07/15/30(b)		378		369,056
Pharmaceuticals — 4.0%
AbbVie, Inc.(f) 4.75%, 03/15/45		5,485		4,708,091

15

Schedule of Investments (unaudited) (continued) September 30, 2023 BlackRock Credit Allocation Income Trust (BTZ) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Pharmaceuticals (continued)
AbbVie, Inc.(f) (continued) 4.70%, 05/14/45		USD       3,255	$	2,772,843
CVS Health Corp.(f) 5.13%, 07/20/45		3,879		3,264,197
5.05%, 03/25/48		8,205		6,817,086
Jazz Securities DAC, 4.38%, 01/15/29(b)		853		743,717
Merck & Co., Inc., 6.50%, 12/01/33(f)		6,420		6,953,822
Option Care Health, Inc., 4.38%, 10/31/29(b)(f)		461		398,189
Organon & Co./Organon Foreign Debt Co-Issuer BV(b) 4.13%, 04/30/28		1,633		1,418,928
5.13%, 04/30/31(f)		1,000		801,353
Pfizer Investment Enterprises Pte Ltd., 5.30%, 05/19/53(f)		3,070		2,852,498
PRA Health Sciences, Inc., 2.88%, 07/15/26(b)		1,021		921,217
Prestige Brands, Inc., 3.75%, 04/01/31(b)		233		187,565
Takeda Pharmaceutical Co. Ltd., 2.05%, 03/31/30(f)		8,270		6,650,210
Teva Pharmaceutical Finance Netherlands III BV 3.15%, 10/01/26		1,174		1,043,903
4.75%, 05/09/27		200		183,102
7.88%, 09/15/29		451		456,565
8.13%, 09/15/31		200		205,480
				40,378,766
Real Estate Management & Development — 1.0%
Anywhere Real Estate Group LLC / Anywhere Co- Issuer Corp., 7.00%, 04/15/30(b)		409		368,581
Anywhere Real Estate Group LLC/Anywhere Co.- Issuer Corp., Series AI, 7.00%, 04/15/30		320		288,800
AYC Finance Ltd., 3.90%(g)(h)		300		186,000
China Overseas Finance Cayman VII Ltd., 4.75%, 04/26/28(g)		200		186,722
China Resources Land Ltd., 3.75%, 08/26/24(g)		200		194,514
Cushman & Wakefield U.S. Borrower LLC, 8.88%, 09/01/31		216		208,980
Fantasia Holdings Group Co. Ltd., 7.95%, 07/05/22(l)(m)		1,050		45,927
Global Prime Capital Pte. Ltd., 5.95%, 01/23/25(g)		200		194,080
Howard Hughes Corp.(b) 5.38%, 08/01/28		399		351,547
4.13%, 02/01/29		176		140,800
New Metro Global Ltd., 4.50%, 05/02/26(g)		349		77,607
Northwest Florida Timber Finance LLC, 4.75%, 03/04/29(b)		4,485		4,062,249
Pakuwon Jati Tbk PT, 4.88%, 04/29/28(g)		500		448,630
Shimao Group Holdings Ltd., 3.45%, 01/11/31(g)(l)(m)		200		8,000
Sinochem Offshore Capital Co. Ltd., 1.50%, 09/23/26(g)		200		175,788
Starwood Property Trust, Inc., 4.38%, 01/15/27(b)		70		61,058
Sunac China Holdings Ltd., 7.00%, 07/09/25(g)(l)(m)		200		27,500
Theta Capital Pte. Ltd., 8.13%, 01/22/25(g)		200		154,966
VICI Properties LP, 5.13%, 05/15/32(f)		3,155		2,823,956
Wharf REIC Finance BVI Ltd., 2.88%, 05/07/30(g)		200		165,372
Yango Justice International Ltd.(g)(l)(m) 8.25%, 11/25/23		200		2,000
7.50%, 04/15/24		200		2,000
				10,175,077
Retail REITs — 0.0%
Brookfield Property REIT, Inc./BPR Cumulus LLC/BPR Nimbus LLC/GGSI Sellco LLC, 4.50%, 04/01/27(b)		328		273,342

Security	Par (000)		Value
Semiconductors & Semiconductor Equipment — 2.5%
Broadcom, Inc., 5.00%, 04/15/30(f)		USD     10,970	$	10,482,173
NCR Atleos Escrow Corp., 9.50%, 04/01/29		323		312,406
NVIDIA Corp.(f)
3.50%, 04/01/50		2,785		2,029,875
3.70%, 04/01/60		1,760		1,287,263
NXP BV/NXP Funding LLC/NXP USA, Inc.
4.40%, 06/01/27		750		711,412
3.40%, 05/01/30(f)		1,755		1,502,148
QUALCOMM, Inc.(f)
4.30%, 05/20/47		3,500		2,831,743
6.00%, 05/20/53		1,993		2,021,251
Sensata Technologies BV(b)
5.63%, 11/01/24		695		686,937
5.00%, 10/01/25		572		554,518
4.00%, 04/15/29		207		178,247
Sensata Technologies, Inc., 4.38%, 02/15/30(b)		2,150		1,856,537
SK Hynix, Inc., 1.50%, 01/19/26(g)		200		179,394
Synaptics, Inc., 4.00%, 06/15/29(b)		16		13,200
TSMC Global Ltd., 2.25%, 04/23/31(g)		250		200,000
				24,847,104
Software — 2.0%
Alteryx, Inc., 8.75%, 03/15/28(b)(f)		372		370,340
Boxer Parent Co., Inc.(b)
7.13%, 10/02/25		764		760,181
9.13%, 03/01/26		392		390,902
Capstone Borrower, Inc., 8.00%, 06/15/30(b)		453		442,241
Central Parent, Inc./CDK Global, Inc., 7.25%, 06/15/29(b)(f)		743		720,348
Cloud Software Group, Inc.(b)
6.50%, 03/31/29		4,620		4,085,608
9.00%, 09/30/29		2,247		1,952,645
Consensus Cloud Solutions, Inc., 6.50%, 10/15/28(b)		286		243,740
Crowdstrike Holdings, Inc., 3.00%, 02/15/29		61		51,379
Elastic NV, 4.13%, 07/15/29(b)		718		611,489
Helios Software Holdings, Inc./ION Corporate Solutions Finance SARL, 4.63%, 05/01/28(b)		205		176,501
Iron Mountain Information Management Services, Inc., 5.00%, 07/15/32(b)		201		165,208
MicroStrategy, Inc., 6.13%, 06/15/28(b)(f)		180		159,865
Open Text Corp., 6.90%, 12/01/27(b)		988		990,249
Oracle Corp.
3.95%, 03/25/51		4,425		3,033,537
5.55%, 02/06/53(f)		1,280		1,121,489
Playtika Holding Corp., 4.25%, 03/15/29(b)		114		95,190
PTC, Inc.(b)
3.63%, 02/15/25		166		159,531
4.00%, 02/15/28		365		327,131
Sabre GLBL, Inc., 8.63%, 06/01/27(f)		562		476,467
SS&C Technologies, Inc., 5.50%, 09/30/27(b)		3,719		3,509,398
Veritas U.S., Inc./Veritas Bermuda Ltd., 7.50%, 09/01/25(b)(f)		955		797,917
				20,641,356
Specialized REITs — 0.1%
Uniti Group LP/Uniti Group Finance, Inc./CSL Capital LLC, 10.50%, 02/15/28(b)		1,133		1,109,720
Specialty Retail(b) — 0.2%
PetSmart, Inc./PetSmart Finance Corp. 4.75%, 02/15/28		481		421,086

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) September 30, 2023 BlackRock Credit Allocation Income Trust (BTZ) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Specialty Retail (continued)
PetSmart, Inc./PetSmart Finance Corp. (continued)
7.75%, 02/15/29(f)		USD       1,317	$	1,227,297
Staples, Inc., 7.50%, 04/15/26		213		175,159
				1,823,542
Technology Hardware, Storage & Peripherals — 0.6%
Dell International LLC/EMC Corp.(f)
5.85%, 07/15/25		2,395		2,391,808
8.35%, 07/15/46		2,355		2,752,513
Seagate HDD Cayman(b)
8.25%, 12/15/29		532		546,363
8.50%, 07/15/31		675		692,404
				6,383,088
Textiles, Apparel & Luxury Goods(b) — 0.1%
Crocs, Inc., 4.13%, 08/15/31		244		188,782
Hanesbrands, Inc.
4.88%, 05/15/26		250		229,190
9.00%, 02/15/31(f)		142		135,347
Levi Strauss & Co., 3.50%, 03/01/31		523		413,595
William Carter Co., 5.63%, 03/15/27		365		351,039
				1,317,953
Tobacco — 2.5%
Altria Group, Inc., 10.20%, 02/06/39		13,392		17,277,222
BAT Capital Corp., 4.54%, 08/15/47(f)		3,000		2,065,025
BAT International Finance PLC, 1.67%, 03/25/26(f)		4,350		3,919,201
Reynolds American, Inc., 5.85%, 08/15/45(f)		2,335		1,934,150
				25,195,598
Transportation Infrastructure — 0.6%
FedEx Corp., 5.25%, 05/15/50(f)		6,000		5,283,081
SF Holding Investment 2021 Ltd., 2.38%, 11/17/26(g)		200		180,536
Signature Aviation U.S. Holdings, Inc., 4.00%, 03/01/28(b)		541		481,534
				5,945,151
Utilities — 0.0%
Vistra Operations Co. LLC, 7.75%, 10/15/31(b)		462		455,090
Wireless Telecommunication Services — 1.5%
Altice France SA/France, 5.13%, 01/15/29(b)		1,346		957,041
American Tower Corp., 3.60%, 01/15/28(f)		4,000		3,629,625
Crown Castle, Inc., 4.15%, 07/01/50(f)		820		582,796
Digicel Holdings, 8.75%, 05/25/24		27		24,638
Digicel International Finance Ltd./Digicel International Holdings Ltd., 8.75%, 05/25/24(b)		635		569,442
SBA Communications Corp.
3.13%, 02/01/29(f)		3,072		2,562,270
3.88%, 02/15/27		30		27,488
Sprint LLC, 7.63%, 03/01/26		1,096		1,126,379
T-Mobile U.S., Inc.
4.75%, 02/01/28(f)		1,013		970,978
2.63%, 02/15/29		438		371,062
3.38%, 04/15/29(f)		676		594,569
2.88%, 02/15/31		235		190,527
3.50%, 04/15/31(f)		990		837,114

Security	Par (000)		Value
Wireless Telecommunication Services (continued)
T-Mobile U.S., Inc. (continued) 5.05%, 07/15/33(f)		USD       2,000	$	1,855,622
Vmed O2 U.K. Financing I PLC, 4.75%, 07/15/31(b)		934		754,553
				15,054,104
Total Corporate Bonds — 114.1% (Cost: $1,249,996,211)				1,154,194,099
Floating Rate Loan Interests(a)
Aerospace & Defense — 0.2%
Atlas CC Acquisition Corp.
Term Loan B, (3-mo. CME Term SOFR at 0.75% Floor + 4.25%), 9.93%, 05/25/28		431		400,674
Term Loan C, (3-mo. CME Term SOFR at 0.75% Floor + 4.25%), 9.93%, 05/25/28		62		58,124
Bleriot U.S. Bidco, Inc., 2023 Term Loan B, (3-mo. CME Term SOFR + 4.00%), 9.65%, 10/31/28		62		61,843
Cobham Ultra SeniorCo SARL, USD Term Loan B, (6-mo. CME Term SOFR at 0.50% Floor + 3.50%), 9.36%, 08/03/29		99		98,343
Dynasty Acquisition Co., Inc., 2023 Term Loan B1, (1-mo. CME Term SOFR + 4.00%), 9.32%, 08/24/28.		383		381,619
Peraton Corp. 2nd Lien Term Loan B1, (3-mo. CME Term SOFR at 0.75% Floor + 7.75%), 13.23%, 02/01/29		112		109,773
Term Loan B, (1-mo. CME Term SOFR at 0.75% Floor + 3.75%), 9.17%, 02/01/28		599		597,130
Setanta Aircraft Leasing Designated Activity Co., Term Loan B, (3-mo. CME Term SOFR + 2.00%), 7.65%, 11/05/28		150		149,836
Standard Aero Ltd., 2023 Term Loan B2, (1-mo. CME Term SOFR + 4.00%), 9.32%, 08/24/28		164		163,551
TransDigm, Inc., 2023 Term Loan I, (3-mo. CME Term SOFR + 3.25%), 8.64%, 08/24/28		313		312,475
				2,333,368
Automobile Components — 0.1%
Adient U.S. LLC, 2021 Term Loan B, (1-mo. CME Term SOFR + 3.25%), 8.68%, 04/10/28		75		74,920
Clarios Global LP, 2023 Incremental Term Loan, (1-mo. CME Term SOFR + 3.75%), 9.07%, 05/06/30		298		297,070
Tenneco, Inc., 2022 Term Loan B, (3-mo. CME Term SOFR + 5.00%), 10.48%, 11/17/28		141		119,392
				491,382
Automobiles — 0.0%
Dealer Tire Financial LLC, Series B, Term Loan B2, (1-mo. CME Term SOFR at 0.50% Floor + 4.50%), 9.82%, 12/14/27		221		221,185
Beverages — 0.1%
Naked Juice LLC
2nd Lien Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 6.00%), 11.49%, 01/24/30		226		181,963
Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 3.25%), 8.74%, 01/24/29		534		506,351
				688,314

17

Schedule of Investments (unaudited) (continued) September 30, 2023 BlackRock Credit Allocation Income Trust (BTZ) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Broadline Retail — 0.1%
Fanatics Commerce Intermediate Holdco LLC, Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.25%), 8.83%, 11/24/28		USD          189	$	188,390
Midas Intermediate Holdco II LLC, 2022 PIK Term Loan, (1-mo. CME Term SOFR at 0.75% Floor + 6.85%, 1.50% PIK), 15.17%, 06/30/27(i)		310		292,309
PUG LLC, USD Term Loan, (1-mo. CME Term SOFR + 3.50%), 8.93%, 02/12/27		461		433,534
Sally Holdings, LLC, 2023 CovLite Term Loan B, (1-mo. CME Term SOFR + 2.25%), 7.57%, 02/28/30		72		72,453
				986,686
Building Products — 0.1%
AZZ, Inc., Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.75%), 9.07%, 05/13/29		28		27,760
CP Atlas Buyer, Inc., 2021 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.75%), 9.17%, 11/23/27		177		166,059
CPG International LLC, 2022 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 2.50%), 7.92%, 04/28/29		88		88,222
Jeld-Wen, Inc., 2021 Term Loan B, (1-mo. CME Term SOFR + 2.25%), 7.68%, 07/28/28		98		98,136
Wilsonart LLC, 2021 Term Loan E, (3-mo. CME Term SOFR at 1.00% Floor + 3.25%), 8.74%, 12/31/26		339		337,431
				717,608
Capital Markets — 0.2%
Ascensus Holdings, Inc.
2021 2nd Lien Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 6.50%), 12.03%, 08/02/29		61		58,149
Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.50%), 8.93%, 08/02/28		438		432,442
Axalta Coating Systems U.S. Holdings, Inc., 2023 USD Term Loan B4, (3-mo. CME Term SOFR at 0.50% Floor + 2.50%), 7.90%, 12/20/29		192		192,103
Azalea Topco, Inc., Term Loan, (1-mo. CME Term SOFR + 3.50%), 9.18%, 07/24/26		265		254,099
Castlelake Aviation Ltd., Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 2.75%), 8.42%, 10/22/26		187		186,264
Castlelake Aviation One DAC, 2023 Incremental Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 2.75%), 8.42%, 10/22/27		80		80,192
Focus Financial Partners LLC
2021 Term Loan B4, (1-mo. CME Term SOFR at 0.50% Floor + 2.50%), 7.82%, 06/30/28		183		181,979
2023 Term Loan B6, (1-mo. CME Term SOFR at 0.50% Floor + 3.50%), 8.82%, 06/30/28		97		96,792
ION Trading Finance Ltd., 2021 USD Term Loan, (3-mo. CME Term SOFR + 4.75%), 10.24%, 04/03/28		74		72,730
Learning Care Group U.S. No. 2, Inc., 2023 Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 4.75%), 10.13%, 08/11/28		27		26,955
Osaic Holdings, Inc., 2023 Term Loan B, (3-mo. CME Term SOFR + 4.50%), 9.82%, 08/17/28		268		267,857
				1,849,562

Security	Par (000)		Value
Chemicals — 0.3%
Arc Falcon I, Inc., 2021 Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.75%), 9.17%, 09/30/28		USD          214	$	211,077
Aruba Investments Holdings LLC, 2020 USD Term Loan, (1-mo. CME Term SOFR at 0.75% Floor + 4.00%), 9.42%, 11/24/27		74		72,118
Ascend Performance Materials Operations LLC, 2021 Term Loan B, (3-mo. CME Term SOFR at 0.75% Floor + 4.75%), 10.32%, 08/27/26		166		161,954
Chemours Co., 2023 USD Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 2.50%), 8.82%, 08/18/28(d)		148		146,150
Discovery Purchaser Corp., Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 4.38%), 9.77%, 10/04/29		116		111,659
Element Solutions, Inc., 2019 Term Loan B1, (1-mo. CME Term SOFR + 2.00%), 7.32%, 01/31/26		110		109,720
HB Fuller Co., 2023 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 2.25%), 7.57%, 02/15/30		37		36,762
Herens U.S. Holdco Corp., USD Term Loan B, (3-mo. CME Term SOFR + 3.93%), 9.42%, 07/03/28		87		77,321
INEOS U.S. Finance LLC, 2023 USD Term Loan B, (1-mo. CME Term SOFR + 3.50%), 8.92%, 02/18/30		72		71,192
LSF11 A5 Holdco LLC
2023 Incremental Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 4.25%), 9.67%, 10/15/28		37		36,354
Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.50%), 8.81%, 10/15/28		216		210,563
Messer Industries GmbH, 2018 USD Term Loan, (3-mo. CME Term SOFR + 2.50%), 8.15%, 03/02/26		160		160,095
Momentive Performance Materials Inc., 2023 Term Loan, (1-mo. CME Term SOFR + 4.50%), 9.82%, 03/29/28		236		228,936
Nouryon USA LLC, 2023 USD Term Loan B, (1-mo. CME Term SOFR + 4.00%), 9.43%, 04/03/28		113		111,946
Olympus Water U.S. Holding Corp., 2023 Incremental Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 5.00%), 10.39%, 11/09/28		84		83,667
OQ Chemicals Corp., 2017 USD Term Loan B2, (1-mo. CME Term SOFR + 3.60%), 8.93%, 10/14/24		222		220,181
PQ Corp., 2021 Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 2.50%), 7.97%, 06/09/28		185		183,886
SCIH Salt Holdings, Inc., 2021 Incremental Term Loan B, (3-mo. CME Term SOFR at 0.75% Floor + 4.00%), 9.63%, 03/16/27		75		74,091
Sparta U.S. HoldCo LLC, 2021 Term Loan, (1-mo. CME Term SOFR at 0.75% Floor + 3.25%), 8.69%, 08/02/28		218		216,924
W.R. Grace Holdings LLC, 2021 Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 3.75%), 9.40%, 09/22/28		109		108,121
				2,632,717
Commercial Services & Supplies — 0.3%
Allied Universal Holdco LLC
2021 USD Incremental Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.75%), 9.17%, 05/12/28		380		366,761

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) September 30, 2023 BlackRock Credit Allocation Income Trust (BTZ) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Commercial Services & Supplies (continued)
Allied Universal Holdco LLC (continued)
2023 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 4.75%), 10.07%, 05/12/28		USD            41	$	40,334
Amentum Government Services Holdings LLC, 2022 Term Loan, (1-mo. CME Term SOFR + 4.00%), 9.33%, 02/15/29		53		52,625
Aramark Services, Inc.
2021 Term Loan B, (1-mo. CME Term SOFR + 2.50%), 7.93%, 04/06/28		113		112,830
2023 Term Loan B6, (1-mo. CME Term SOFR + 2.50%), 7.93%, 06/22/30		88		87,559
Asplundh Tree Expert LLC, 2021 Term Loan B, (1-mo. CME Term SOFR + 1.75%), 7.17%, 09/07/27		296		295,599
Clean Harbors, Inc., 2021 Incremental Term Loan B, (1-mo. CME Term SOFR + 2.00%), 7.43%, 10/08/28		112		111,891
Covanta Holding Corp.
2021 Term Loan C, (1-mo. CME Term SOFR at 0.50% Floor + 2.50%), 7.82%, 11/30/28		6		6,229
2021 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 2.50%), 7.82%, 11/30/28		83		81,912
GFL Environmental, Inc., 2023 First Lien Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 2.50%), 7.82%, 05/31/27		80		79,707
LABL, Inc., 2021 USD 1st Lien Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 5.00%), 10.42%, 10/29/28		146		145,235
NEP/NCP Holdco, Inc., 2018 1st Lien Term Loan, (1-mo. CME Term SOFR + 3.25%), 8.68%, 10/20/25		188		181,756
PECF USS Intermediate Holding III Corp., Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 4.25%), 9.88%, 12/15/28		132		105,074
Prime Security Services Borrower LLC, 2021 Term Loan, (1-mo. CME Term SOFR at 0.75% Floor + 2.75%), 8.19%, 09/23/26		252		251,669
Tempo Acquisition LLC, 2023 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.00%), 8.32%, 08/31/28		583		583,404
TruGreen LP, 2020 Term Loan, (1-mo. CME Term SOFR at 0.75% Floor + 4.00%), 9.42%, 11/02/27		236		224,096
Viad Corp., Initial Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 5.00%), 10.80%, 07/30/28		158		154,326
				2,881,007
Communications Equipment — 0.0%
Ciena Corp., 2023 Term Loan B, (1-mo. CME Term SOFR + 2.50%), 7.82%, 01/18/30		27		26,887
Viasat, Inc.
2023 Term Loan, 05/30/30(n)		99		91,637
Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 4.50%), 9.82%, 03/02/29		149		138,532
				257,056
Construction & Engineering — 0.1%
Brand Industrial Services, Inc., 2023 Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 5.50%), 10.87%, 08/01/30		450		437,765

Security	Par (000)		Value
Construction & Engineering (continued)
Legence Holdings LLC, 2021 Term Loan, (1-mo. CME Term SOFR at 0.75% Floor + 3.75%), 9.17%, 12/16/27		USD            28	$	27,789
Pike Corp., 2021 Incremental Term Loan B, (1-mo. CME Term SOFR + 3.00%), 8.43%, 01/21/28		75		74,828
USIC Holdings, Inc., 2021 Term Loan, (1-mo. CME Term SOFR at 0.75% Floor + 3.50%), 8.93%, 05/12/28		147		144,789
				685,171
Construction Materials — 0.1%
American Builders & Contractors Supply Co., Inc., Series A, 2019 Term Loan, (1-mo. CME Term SOFR + 2.00%), 7.42%, 01/15/27		121		121,288
New AMI I LLC, 2022 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 6.00%), 11.31%, 03/08/29		97		78,306
Oscar AcquisitionCo. LLC, Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 4.50%), 9.99%, 04/29/29		192		189,986
Quikrete Holdings, Inc., 2023 Term Loan B, 03/19/29(n)		75		74,957
Standard Industries, Inc., 2021 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 2.50%), 7.94%, 09/22/28		73		72,894
				537,431
Consumer Staples Distribution & Retail — 0.0%
U.S. Foods, Inc.
2019 Term Loan B, (1-mo. CME Term SOFR + 2.00%), 7.43%, 09/13/26		41		40,546
2021 Term Loan B, (1-mo. CME Term SOFR + 2.50%), 7.93%, 11/22/28		200		200,553
				241,099
Containers & Packaging — 0.1%
Charter Next Generation, Inc., 2021 Term Loan, (1-mo. CME Term SOFR at 0.75% Floor + 3.75%), 9.18%, 12/01/27		459		454,669
Mauser Packaging Solutions Holding Co., Term Loan B, (1-mo. CME Term SOFR + 4.00%), 9.33%, 08/14/26		125		124,531
Pregis TopCo Corp., 1st Lien Term Loan, (1-mo. CME Term SOFR + 3.75%), 9.07%, 07/31/26		74		73,825
Trident TPI Holdings, Inc., 2021 Term Loan B3, (3-mo. CME Term SOFR at 0.50% Floor + 4.00%), 9.65%, 09/15/28		150		148,896
				801,921
Distributors — 0.0%
PAI Holdco, Inc., 2020 Term Loan B, (3-mo. CME Term SOFR at 0.75% Floor + 3.75%), 9.38%, 10/28/27		203		191,248
Diversified Consumer Services — 0.2%
Ascend Learning LLC
2021 2nd Lien Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 5.75%), 11.17%, 12/10/29		82		69,757
2021 Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.50%), 8.92%, 12/11/28		117		111,649

19

Schedule of Investments (unaudited) (continued) September 30, 2023 BlackRock Credit Allocation Income Trust (BTZ) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Diversified Consumer Services (continued)
Bright Horizons Family Solutions LLC, 2021 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 2.25%), 7.68%, 11/24/28		USD          188	$	186,621
KUEHG Corp., 2023 Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 5.00%), 10.39%, 06/12/30		167		167,079
Sotheby’s, Series L, 2021 Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 4.50%), 10.07%, 01/15/27		367		357,733
Spring Education Group, Inc., Term Loan, 09/29/30(n)		118		116,524
SSH Group Holdings, Inc., 2018 1st Lien Term Loan, (1-mo. CME Term SOFR + 4.00%), 9.43%, 07/30/25		76		76,132
Veritas U.S., Inc., 2021 USD Term Loan B, (1-mo. CME Term SOFR at 1.00% Floor + 5.00%), 10.43%, 09/01/25		269		232,728
Wand NewCo 3, Inc., 2020 Term Loan, (1-mo. CME Term SOFR + 2.75%), 8.17%, 02/05/26		337		335,586
WCG Purchaser Corp., 2019 Term Loan, (1-mo. CME Term SOFR at 1.00% Floor + 4.00%), 9.43%, 01/08/27		154		151,772
				1,805,581
Diversified REITs — 0.0%
RHP Hotel Properties, LP, 2023 Term Loan B, (1-mo. CME Term SOFR + 2.75%), 8.07%, 05/18/30		134		134,188
Diversified Telecommunication Services — 0.3%
Altice Financing SA, USD 2017 1st Lien Term Loan, (3-mo. LIBOR US + 2.75%), 8.32%, 01/31/26		248		245,904
Altice France SA, 2023 USD Term Loan B14, (3-mo. CME Term SOFR + 5.50%), 10.81%, 08/15/28		200		180,210
Connect Finco SARL, 2021 Term Loan B, (1-mo. CME Term SOFR at 1.00% Floor + 3.50%), 8.82%, 12/11/26		742		725,985
Iridium Satellite LLC, 2023 Term Loan B, (3-mo. CME Term SOFR at 0.75% Floor + 2.50%) , 7.90%, 09/20/30		304		302,573
Level 3 Financing, Inc., 2019 Term Loan B, (1-mo. CME Term SOFR + 1.75%), 7.18%, 03/01/27		180		169,695
Lumen Technologies, Inc., 2020 Term Loan B, (1-mo. CME Term SOFR + 2.25%), 7.68%, 03/15/27		243		172,466
ORBCOMM, Inc., Term Loan B, (1-mo. LIBOR US at 0.75% Floor + 4.25%), 9.80%, 09/01/28		147		131,435
Radiate Holdco LLC, 2021 Term Loan B, (1-mo. CME Term SOFR at 0.75% Floor + 3.25%), 8.68%, 09/25/26		376		306,614
Virgin Media Bristol LLC, 2020 USD Term Loan Q, (1-mo. CME Term SOFR + 3.25%), 8.70%, 01/31/29. 225				219,220
Zayo Group Holdings, Inc., USD Term Loan, (1-mo. CME Term SOFR + 3.00%), 8.43%, 03/09/27		585		475,980
				2,930,082
Electrical Equipment — 0.0%
Arcline FM Holdings LLC, 2021 1st Lien Term Loan, (3-mo. CME Term SOFR at 0.75% Floor + 4.75%), 10.40%, 06/23/28		220		218,327
Electronic Equipment, Instruments & Components — 0.0%
Coherent Corp., 2022 Term Loan B, (1-mo. CEM Term SOFR + 2.75%), 8.18%, 07/02/29		114		113,770

Security	Par (000)		Value
Entertainment — 0.3%
AMC Entertainment Holdings, Inc., 2019 Term Loan B, (1-mo. CME Term SOFR + 3.00%), 8.45%, 04/22/26		USD          162	$	130,232
Aristocrat Technologies, Inc., 2022 Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 2.25%), 7.74%, 05/24/29		12		11,502
Cirque Du Soleil Holding USA Newco, Inc., 2023 Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 4.25%), 9.64%, 03/08/30		118		116,896
City Football Group Ltd., Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.00%), 8.44%, 07/21/28		222		220,657
Creative Artists Agency LLC, 2023 Term Loan B, (1-mo. CME Term SOFR + 3.50%), 8.82%, 11/27/28		257		255,861
Delta 2 Lux SARL, 2022 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.00%), 8.32%, 01/15/30		151		213,786
Equinox Holdings, Inc., 2017 1st Lien Term Loan, (6-mo. LIBOR US at 1.00% Floor + 3.00%), 8.73%, 03/08/24		460		444,593
Live Nation Entertainment, Inc., Term Loan B4, (1-mo. CME Term SOFR + 1.75%), 7.17%, 10/19/26		451		449,605
Playtika Holding Corp., 2021 Term Loan, (1-mo. CME Term SOFR + 2.75%), 8.18%, 03/13/28		230		229,763
SMG U.S. Midco 2, Inc., 2020 Term Loan, (3-mo. CME Term SOFR + 2.50%), 8.13%, 01/23/25		151		151,061
UFC Holdings LLC, 2021 Term Loan B, (3-mo. CME Term SOFR at 0.75% Floor + 2.75%), 8.37%, 04/29/26		146		145,456
William Morris Endeavor Entertainment LLC, 2018 1st Lien Term Loan, (1-mo. CME Term SOFR + 2.75%), 8.18%, 05/18/25		462		460,995
WMG Acquisition Corp., 2021 Term Loan G, (1-mo. CME Term SOFR + 2.13%), 7.56%, 01/20/28		351		350,660
				3,181,067
Financial Services — 0.3%
ABG Intermediate Holdings 2 LLC, 2021 Term Loan B1, (1-mo. CME Term SOFR at 0.50% Floor + 3.50%), 8.92%, 12/21/28		155		154,414
Belron Finance U.S. LLC, 2018 Term Loan B, (3-mo. CME Term SOFR + 2.25%), 7.88%, 11/13/25		369		369,331
Belron Luxembourg SARL, 2023 Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 2.75%), 8.16%, 04/18/29		54		53,848
Deerfield Dakota Holding LLC
2020 USD Term Loan B, (3-mo. CME Term SOFR at 1.00% Floor + 3.75%), 9.14%, 04/09/27		752		731,994
2021 USD 2nd Lien Term Loan, (3-mo. CME Term SOFR at 0.75% Floor + 6.75%), 12.40%, 04/07/28		190		178,600
GIP Pilot Acquisition Partners LP, Term Loan, 09/18/30(d)(n)		37		36,861
LBM Acquisition LLC, Term Loan B, (1-mo. CME Term SOFR at 0.75% Floor + 3.75%), 9.18%, 12/17/27		96		93,686
Lions Gate Capital Holdings LLC, 2018 Term Loan B, (1-mo. CME Term SOFR + 2.25%), 7.67%, 03/24/25		256		254,962
Sotera Health Holdings LLC, 2021 Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 2.75%), 8.18%, 12/11/26		267		264,152

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) September 30, 2023 BlackRock Credit Allocation Income Trust (BTZ) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Financial Services (continued)
Travelport Finance SARL, 2023 Consented Term Loan, (3-mo. CME Term SOFR + 8.50%), 13.74%, 05/29/26		USD          140	$	80,544
UPC Financing Partnership, 2021 USD Term Loan AX, (1-mo. CME Term SOFR + 2.93%), 8.37%, 01/31/29.		45		44,358
WEX, Inc., 2021 Term Loan, (1-mo. CME Term SOFR + 2.25%), 7.68%, 03/31/28		123		122,881
White Cap Buyer LLC, Term Loan B, (1-mo. CME Term SOFR + 3.75%), 9.07%, 10/19/27		192		191,895
				2,577,526
Food Products — 0.3%
8th Avenue Food & Provisions, Inc., 2018 1st Lien Term Loan, (1-mo. CME Term SOFR + 3.75%), 9.18%, 10/01/25		200		192,441
B&G Foods, Inc., 2019 Term Loan B4, (1-mo. CME Term SOFR + 2.50%), 7.82%, 10/10/26		92		90,636
Chobani LLC, 2020 Term Loan B, (1-mo. CME Term SOFR at 1.00% Floor + 3.50%), 8.93%, 10/25/27		585		584,359
Froneri International Ltd., 2020 USD Term Loan, (1-mo. CME Term SOFR + 2.25%), 7.67%, 01/29/27		562		557,174
H-Food Holdings LLC, 2018 Term Loan B, (3-mo. LIBOR US + 3.69%), 9.27%, 05/23/25		55		47,414
Hostess Brands, LLC, 2023 Term Loan B, (3-mo. CME Term SOFR + 2.50%), 7.89%, 06/28/30		184		184,479
Nomad Foods U.S. LLC, Term Loan B4, (6-mo. CME Term SOFR at 0.50% Floor + 3.00%), 8.47%, 11/12/29		75		74,940
Sovos Brands Intermediate, Inc., 2021 Term Loan, (3-mo. CME Term SOFR at 0.75% Floor + 3.50%), 9.13%, 06/08/28		306		305,677
Triton Water Holdings, Inc., Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 3.25%), 8.90%, 03/31/28		158		153,563
UTZ Quality Foods LLC, 2021 Term Loan B, (1-mo. CME Term SOFR + 3.00%), 8.43%, 01/20/28		378		377,884
				2,568,567
Ground Transportation — 0.1%
AIT Worldwide Logistics Holdings, Inc., 2021 Term Loan, (1-mo. CME Term SOFR at 0.75% Floor + 4.75%), 10.18%, 04/06/28		98		97,386
Avis Budget Car Rental LLC, 2020 Term Loan B, (1-mo. CME Term SOFR + 1.75%), 7.18%, 08/06/27		71		70,012
Genesee & Wyoming, Inc., Term Loan, (3-mo. CME Term SOFR + 2.00%), 7.49%, 12/30/26		185		184,717
SIRVA Worldwide, Inc., 2018 1st Lien Term Loan, (3-mo. CME Term SOFR + 5.50%), 10.91%, 08/04/25		78		69,517
Uber Technologies, Inc., 2023 Term Loan B, (3-mo. CME Term SOFR + 2.75%), 8.16%, 03/03/30		297		296,979
				718,611
Health Care Equipment & Supplies — 0.2%
Bausch & Lomb Corp., 2023 Incremental Term Loan, 09/14/28(d)(n)		112		110,460
Bausch and Lomb, Inc., Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 3.25%), 8.76%, 05/10/27		194		227,028
Chariot Buyer LLC, Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.25%), 8.66%, 11/03/28		372		365,438

Security	Par (000)		Value
Health Care Equipment & Supplies (continued)
Femur Buyer, Inc., 1st Lien Term Loan, (3-mo. CME Term SOFR + 4.50%), 10.15%, 03/05/26		USD         106	$	98,695
Insulet Corp., Term Loan B, (1-mo. CME Term SOFR + 3.25%), 8.68%, 05/04/28		110		110,082
Medline Borrower LP, USD Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.25%), 8.68%, 10/23/28		757		754,270
				1,665,973
Health Care Providers & Services — 0.1%
CHG Healthcare Services, Inc.
2021 Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.25%), 8.68%, 09/29/28		184		182,738
2023 Incremental Term Loan, 09/29/28(n)		36		35,910
CNT Holdings I Corp., 2020 Term Loan, (3-mo. CME Term SOFR at 0.75% Floor + 3.50%), 8.80%, 11/08/27		196		195,666
Electron BidCo, Inc., 2021 Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.00%), 8.43%, 11/01/28		296		295,002
Envision Healthcare Corp., 2022 Second Out Term Loan, (3-mo. CME Term SOFR at 1.00% Floor + 4.25%), 9.64%, 03/31/27		160		35,893
EyeCare Partners LLC, 2020 Term Loan, (1-mo. CME Term SOFR + 3.75%), 9.18%, 02/18/27		197		137,818
MED ParentCo LP, 1st Lien Term Loan, (1-mo. CME Term SOFR + 4.25%), 9.68%, 08/31/26		82		78,085
Option Care Health, Inc., 2021 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 2.75%), 8.18%, 10/27/28		108		108,614
Reverb Buyer, Inc., 2021 1st Lien Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 3.25%), 8.77%, 11/01/28		117		112,999
Surgery Center Holdings, Inc., 2021 Term Loan, (1-mo. CME Term SOFR at 0.75% Floor + 3.75%), 9.19%, 08/31/26		98		97,647
Vizient, Inc., 2022 Term Loan B7, (1-mo. CME Term SOFR at 0.50% Floor + 2.25%), 7.67%, 05/16/29		32		31,670
				1,312,042
Health Care Technology — 0.1%
AthenaHealth Group, Inc., 2022 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.25%), 8.57%, 02/15/29		398		389,415
Polaris Newco LLC, USD Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 4.00%), 9.43%, 06/02/28		607		580,503
Verscend Holding Corp., 2021 Term Loan B, (1-mo. CME Term SOFR + 4.00%), 9.43%, 08/27/25		330		329,709
				1,299,627
Hotels, Restaurants & Leisure — 0.4%
Aimbridge Acquisition Co., Inc., 2019 Term Loan B, (1-mo. CME Term SOFR + 3.75%), 9.18%, 02/02/26		211		201,840
Alterra Mountain Co., 2023 Term Loan B, (1-mo. CME Term SOFR + 3.75%), 9.07%, 05/31/30		19		18,953
Bally’s Corp., 2021 Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 3.25%), 8.84%, 10/02/28		74		72,291

21

Schedule of Investments (unaudited) (continued) September 30, 2023 BlackRock Credit Allocation Income Trust (BTZ) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Hotels, Restaurants & Leisure (continued)
Burger King (Restaurant Brands International, Inc.)/New Red Finance, Inc., 2023 Term Loan B5, (1-mo. CME Term SOFR + 2.25%), 7.57%, 09/23/30		USD          337	$	335,675
Caesars Entertainment, Inc., Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.25%), 8.67%, 02/06/30		139		139,214
Carnival Corp., 2023 Term Loan B, (1-mo. CME Term SOFR at 0.75% Floor + 3.00%), 8.33%, 08/08/27		121		120,546
Churchill Downs, Inc., 2021 Incremental Term Loan B1, (1-mo. CME Term SOFR + 2.00%), 7.42%, 03/17/28		183		182,413
ECL Entertainment, LLC, 2023 Term Loan B, (3-mo. CME Term SOFR at 0.75% Floor + 4.75%), 10.14%, 08/31/30		62		61,819
Fertitta Entertainment LLC, 2022 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 4.00%), 9.32%, 01/27/29		589		582,853
Flutter Financing BV, 2022 USD Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 3.25%), 8.90%, 07/22/28		153		153,527
Four Seasons Hotels Ltd., 2023 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 2.50%), 7.92%, 11/30/29		301		300,944
Hilton Worldwide Finance LLC, 2019 Term Loan B2, (1-mo. CME Term SOFR + 1.75%), 7.17%, 06/22/26		261		261,042
IRB Holding Corp., 2022 Term Loan B, (1-mo. CME Term SOFR at 0.75% Floor + 3.00%), 8.42%, 12/15/27		343		341,498
Packers Holdings LLC, 2021 Term Loan, (1-mo. CME Term SOFR at 0.75% Floor + 3.25%), 8.67%, 03/09/28		126		74,217
PENN Entertainment, Inc., 2022 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 2.75%), 8.17%, 05/03/29		152		151,402
Playa Resorts Holding BV, 2022 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 4.25%), 9.58%, 01/05/29		57		56,696
Scientific Games International, Inc., 2022 USD Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.00%), 8.43%, 04/14/29		152		151,546
SeaWorld Parks & Entertainment, Inc., 2021 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.00%), 8.43%, 08/25/28		69		69,222
Stars Group Holdings BV, 2018 USD Incremental Term Loan, (3-mo. CME Term SOFR + 2.25%), 7.90%, 07/21/26		148		147,727
Station Casinos LLC, 2020 Term Loan B, (1-mo. CME Term SOFR at 0.25% Floor + 2.25%), 7.67%, 02/08/27		297		296,127
Whatabrands LLC, 2021 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.00%), 8.43%, 08/03/28		308		306,388
Wyndham Hotels & Resorts, Inc., 2023 Term Loan B, (1-mo. CME Term SOFR + 2.25%), 7.67%, 05/24/30		19		18,856
				4,044,796
Household Durables — 0.1%
ACProducts Holdings, Inc., 2021 Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 4.25%), 9.90%, 05/17/28		170		139,933

Security	Par (000)		Value
Household Durables (continued)
Hunter Douglas, Inc., USD Term Loan B1, (3-mo. CME Term SOFR + 3.50%), 8.89%, 02/26/29		USD          329	$	319,789
Sunset Debt Merger Sub, Inc., 2021 Term Loan B, (1- mo. CME Term SOFR at 0.75% Floor + 4.00%), 9.43%, 10/06/28		312		264,612
Weber-Stephen Products LLC, Term Loan B, (1-mo. CME Term SOFR at 0.75% Floor + 3.25%), 8.68%, 10/30/27		404		362,955
				1,087,289
Independent Power and Renewable Electricity Producers — 0.0%
Calpine Construction Finance Co. LP, 2023 Refinancing Term Loan B, (1-mo. CME Term SOFR + 2.25%), 7.57%, 07/31/30		147		146,107
Constellation Renewables LLC, 2020 Term Loan, (3- mo. CME Term SOFR at 1.00% Floor + 2.50%), 8.18%, 12/15/27		233		232,257
				378,364
Insurance — 0.3%
Alliant Holdings Intermediate LLC
2021 Term Loan B4, (1-mo. LIBOR US at 0.50% Floor + 3.50%), 8.93%, 11/05/27		118		117,588
2023 Term Loan B5, (1-mo. CME Term SOFR at 0.50% Floor + 3.50%), 8.83%, 11/05/27		522		521,197
AmWINS Group, Inc.
2021 Term Loan B, (1-mo. CME Term SOFR at 0.75% Floor + 2.25%), 7.68%, 02/19/28		173		171,693
2023 Incremental Term Loan B, (1-mo. CEM Term SOFR + 2.75%), 8.18%, 02/19/28		54		54,485
AssuredPartners, Inc.
2020 Term Loan B, (1-mo. CME Term SOFR + 3.50%), 8.93%, 02/12/27		260		259,229
2023 Term Loan B4, 02/12/27(n)		73		72,955
Baldwin Risk Partners, LLC, 2021 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.50%), 8.94%, 10/14/27		55		54,416
HUB International Ltd.
2022 Term Loan B, (3-mo. CME Term SOFR at 0.75% Floor + 4.00%), 9.37%, 11/10/29		75		74,676
2023 Term Loan B, (3-mo. CME Term SOFR at 0.75% Floor + 4.25%), 9.58%, 06/20/30		466		466,450
Jones Deslauriers Insurance Management, Inc., 2023 Term Loan B, (3-mo. CME Term SOFR + 4.25%), 9.62%, 03/15/30		143		143,269
Ryan Specialty Group LLC, Term Loan, (1-mo. CME Term SOFR at 0.75% Floor + 3.00%), 8.42%, 09/01/27		160		160,130
USI, Inc.
2022 Incremental Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 3.75%), 9.14%, 11/22/29		324		323,322
2023 Acquisition Term Loan, 09/27/30(n)		62		61,819
2023 Refi Term Loan, 09/27/30(n)		70		69,767
				2,550,996
Interactive Media & Services — 0.1%
Acuris Finance U.S., Inc., 2021 USD Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 4.00%), 9.54%, 02/16/28		50		49,225
Adevinta ASA, USD Term Loan B, (3-mo. CME Term SOFR + 2.75%), 8.32%, 06/26/28		105		105,377

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) September 30, 2023 BlackRock Credit Allocation Income Trust (BTZ) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Interactive Media & Services (continued)
Camelot Finance SA, Term Loan B, (1-mo. CME Term SOFR + 3.00%), 8.43%, 10/30/26		USD          250	$	249,425
Camelot U.S. Acquisition LLC, 2020 Incremental Term Loan B, (1-mo. CME Term SOFR at 1.00% Floor + 3.00%), 8.43%, 10/30/26		281		280,822
GoodRx, Inc., 1st Lien Term Loan, (1-mo. CME Term SOFR + 2.75%), 8.17%, 10/10/25		76		75,376
Grab Holdings, Inc., Term Loan B, (1-mo. CME Term SOFR at 1.00% Floor + 4.50%), 9.93%, 01/29/26		119		119,222
				879,447
IT Services — 0.2%
Asurion LLC
2020 Term Loan B8, (3-mo. CME Term SOFR + 3.25%), 8.68%, 12/23/26		291		284,777
2021 2nd Lien Term Loan B3, (1-mo. CME Term SOFR + 5.25%), 10.68%, 01/31/28		175		157,157
2021 Second Lien Term Loan B4, (1-mo. CME Term SOFR + 5.25%), 10.68%, 01/20/29		44		38,916
2023 Term Loan B11, (1-mo. CME Term SOFR + 4.25%), 9.67%, 08/19/28		75		72,512
Epicor Software Corp., 2020 Term Loan, (1-mo. CME Term SOFR at 0.75% Floor + 3.25%), 8.68%, 07/30/27		111		110,390
Gainwell Acquisition Corp., Term Loan B, (3-mo. CME Term SOFR at 0.75% Floor + 4.00%), 9.49%, 10/01/27		365		355,857
Go Daddy Operating Co. LLC
2021 Term Loan B4, (1-mo. CME Term SOFR + 2.00%), 7.43%, 08/10/27		124		123,576
2022 Term Loan B5, (1-mo. CME Term SOFR + 2.50%), 7.82%, 11/09/29		221		221,148
GTCR W Merger Sub LLC, USD Term Loan B, 09/20/30(n)		202		201,852
Sedgwick Claims Management Services, Inc., 2023 Term Loan B, (1-mo. CME Term SOFR + 3.75%), 9.07%, 02/24/28		449		448,294
				2,014,479
Leisure Products — 0.0%
Fender Musical Instruments Corp., 2021 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 4.00%), 9.42%, 12/01/28		79		76,691
Peloton Interactive, Inc., Term Loan, (6-mo. CME Term SOFR at 0.50% Floor + 6.50%), 12.26%, 05/25/27		40		40,447
Topgolf Callaway Brands Corp., Term Loan B, (1-mo. CME Term SOFR + 3.50%), 8.92%, 03/15/30		129		128,514
				245,652
Life Sciences Tools & Services — 0.2%
Avantor Funding, Inc., 2021 Term Loan B5, (1-mo. CME Term SOFR at 0.50% Floor + 2.25%), 7.67%, 11/08/27		184		183,194
Catalent Pharma Solutions, Inc., 2021 Term Loan B3, (1-mo. CME Term SOFR at 0.50% Floor + 2.00%), 7.44%, 02/22/28		187		182,575
Curia Global, Inc., 2021 Term Loan, (3-mo. CME Term SOFR at 0.75% Floor + 3.75%), 9.22%, 08/30/26		23		19,041
eResearchTechnology, Inc., 2020 1st Lien Term Loan, (1-mo. CME Term SOFR at 1.00% Floor + 4.50%), 9.93%, 02/04/27		115		113,177

Security	Par (000)		Value
Life Sciences Tools & Services (continued)
Fortrea Holdings, Inc., Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.75%), 9.07%, 07/01/30		USD            51	$	50,660
ICON Luxembourg SARL, LUX Term Loan, (3-mo. CEM Term SOFR + 2.25%), 7.90%, 07/03/28		211		211,223
Maravai Intermediate Holdings LLC, 2022 Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 3.00%), 8.32%, 10/19/27		239		232,080
Parexel International Corp., 2021 1st Lien Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.25%), 8.68%, 11/15/28		367		364,354
PRA Health Sciences, Inc., US Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 2.25%), 7.90%, 07/03/28		57		57,136
Star Parent, Inc., 2023 Term Loan B, 09/19/30(n)		108		105,465
				1,518,905
Machinery — 0.3%
Albion Financing 3 SARL, USD Term Loan, (3-mo. CME Term SOFR + 5.25%), 10.86%, 08/17/26		221		220,925
Barnes Group, Inc., Term Loan B, (3-mo. CME Term SOFR + 3.00%), 8.42%, 09/03/30		54		54,027
Clark Equipment Co., 2022 Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 2.50%), 7.99%, 04/20/29		36		36,395
Columbus McKinnon Corp., 2021 Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 2.75%), 8.42%, 05/14/28		66		66,384
Filtration Group Corp., 2023 USD Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 4.25%), 9.68%, 10/21/28		296		295,688
Gardner Denver, Inc., 2020 USD Term Loan B2, (1-mo. CME Term SOFR + 1.75%), 7.17%, 03/01/27		207		206,747
Gates Global LLC, 2021 Term Loan B3, (1-mo. CME Term SOFR at 0.75% Floor + 2.50%), 7.82%, 03/31/27		299		298,431
Generac Power Systems, Inc., 2019 Term Loan B, 12/13/26(n)		40		39,883
Ingersoll-Rand Services Co., 2020 USD Spinco Term Loan, (1-mo. CME Term SOFR + 1.75%), 7.17%, 03/01/27		49		49,365
Madison IAQ LLC, Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.25%), 8.69%, 06/21/28		450		442,453
Roper Industrial Products Investment Co., USD Term Loan, (3-mo. CME Term SOFR + 4.50%), 9.89%, 11/22/29		259		259,070
SPX Flow, Inc., 2022 Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 4.50%), 9.92%, 04/05/29		230		229,027
Titan Acquisition Ltd., 2018 Term Loan B, (3-mo. LIBOR US + 3.00%), 8.65%, 03/28/25		445		440,847
Vertical U.S. Newco, Inc., Term Loan B, (6-mo. CME Term SOFR at 0.50% Floor + 3.50%), 9.38%, 07/30/27		422		420,779
Vertiv Group Corp., 2021 Term Loan B, (1-mo. CME Term SOFR + 2.75%), 8.19%, 03/02/27		302		301,230
Zurn LLC, 2021 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 2.00%), 7.43%, 10/04/28		109		108,572
				3,469,823

23

Schedule of Investments (unaudited) (continued) September 30, 2023 BlackRock Credit Allocation Income Trust (BTZ) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Media — 0.2%
A L Parent LLC, 2023 Take Back Term Loan, (1-mo. CME Term SOFR at 2.00% Floor + 5.50%), 10.83%, 06/30/28		USD            51	$	48,969
AVSC Holding Corp., 2020 Term Loan B1, (1-mo. CME Term SOFR at 1.00% Floor + 3.25%, 0.25% PIK), 8.82%, 03/03/25(i)		184		176,459
Charter Communications Operating LLC, Class A, 2019 Term Loan B1, (3-mo. CME Term SOFR + 1.75%), 7.12%, 04/30/25		123		122,747
Clear Channel Outdoor Holdings, Inc., Term Loan B, (3-mo. CME Term SOFR + 3.50%), 9.13%, 08/21/26		254		246,038
Cogeco Financing 2 LP, 2023 Term Loan B, 09/29/28(n)		165		160,863
CSC Holdings LLC
2017 Term Loan B1, (1-mo. LIBOR US + 2.25%), 7.70%, 07/17/25		64		61,906
2019 Term Loan B5, (1-mo. CME Term SOFR + 2.50%), 7.95%, 04/15/27		314		283,761
DirecTV Financing LLC, Term Loan, (1-mo. CME Term SOFR at 0.75% Floor + 5.00%), 10.43%, 08/02/27		328		319,820
Sinclair Television Group, Inc., 2022 Term Loan B4, (1-mo. CME Term SOFR + 3.75%), 9.17%, 04/21/29.		198		137,552
Voyage Digital Ltd., USD Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 4.25%), 9.63%, 05/11/29(d)		100		100,156
Ziggo Financing Partnership, USD Term Loan I, (1-mo. CME Term SOFR + 2.50%), 7.95%, 04/30/28		126		122,955
				1,781,226
Oil, Gas & Consumable Fuels — 0.1%
Freeport LNG Investments LLLP, Term Loan B, (3-mo. CME Term SOFR + 3.50%), 9.09%, 12/21/28		440		435,211
M6 ETX Holdings II Midco LLC, Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 4.50%), 9.92%, 09/19/29		26		25,643
Medallion Midland Acquisition LLC, 2021 Term Loan, (3-mo. CME Term SOFR at 0.75% Floor + 3.75%), 9.40%, 10/18/28		220		220,632
Oryx Midstream Services Permian Basin LLC, 2023 Incremental Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.25%), 8.69%, 10/05/28		363		362,365
				1,043,851
Passenger Airlines — 0.2%
AAdvantage Loyalty IP Ltd., Series AA, 2021 Term Loan, (3-mo. CME Term SOFR at 0.75% Floor + 4.75%), 10.34%, 04/20/28		414		426,056
Air Canada, 2021 Term Loan B, (3-mo. CME Term SOFR at 0.75% Floor + 3.50%), 9.13%, 08/11/28		370		370,182
American Airlines, Inc.
Series AA, 2017 1st Lien Term Loan, (3-mo. CME Term SOFR + 1.75%), 7.32%, 01/29/27		302		296,733
Series AA, 2023 Term Loan B, (3-mo. CME Term SOFR + 2.75%), 8.54%, 02/15/28		277		274,933

Security	Par (000)		Value
Passenger Airlines (continued)
Kestrel Bidco, Inc., Term Loan B, (1-mo. CME Term SOFR at 1.00% Floor + 3.00%), 8.42%, 12/11/26		USD          107	$	104,663
Mileage Plus Holdings LLC, 2020 Term Loan B, (3-mo. CME Term SOFR at 1.00% Floor + 5.25%), 10.80%, 06/21/27		281		291,032
United Airlines, Inc., Series AA, 2021 Term Loan B, (1-mo. CME Term SOFR at 0.75% Floor + 3.75%), 9.18%, 04/21/28		351		351,263
				2,114,862
Personal Care Products — 0.1%
Sunshine Luxembourg VII SARL, 2021 Term Loan B3, (3-mo. CME Term SOFR at 0.75% Floor + 3.75%), 9.24%, 10/01/26		834		832,437
Pharmaceuticals — 0.1%
Amneal Pharmaceuticals LLC, 2018 Term Loan B, (1-mo. CME Term SOFR + 3.50%), 8.93%, 05/04/25		124		121,228
Amynta Agency Borrower, Inc., 2023 Term Loan B, (1-mo. CME Term SOFR + 5.00%), 10.42%, 02/28/28		99		98,601
Bausch Health Cos., Inc., 2022 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 5.25%), 10.67%, 02/01/27		143		115,919
Elanco Animal Health, Inc., Term Loan B, (1-mo. CME Term SOFR + 1.75%), 7.18%, 08/01/27		297		290,889
Jazz Financing Lux SARL, USD Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.50%), 8.93%, 05/05/28		264		264,403
Organon & Co., USD Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.00%), 8.44%, 06/02/28		197		196,305
Perrigo Investments LLC, Term Loan B, 04/20/29(n)		115		114,461
Precision Medicine Group LLC, 2021 Term Loan, (3-mo. CME Term SOFR at 0.75% Floor + 3.00%), 8.49%, 11/18/27(d)		152		150,068
				1,351,874
Professional Services — 0.3%
AlixPartners LLP, 2021 USD Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 2.75%), 8.18%, 02/04/28		221		220,827
ASGN, Inc., 2023 Term Loan B, (1-mo. CME Term SOFR + 2.25%), 7.57%, 08/30/30		50		50,125
CoreLogic, Inc.
2nd Lien Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 6.50%), 11.93%, 06/04/29		100		83,833
Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.50%), 8.93%, 06/02/28		535		493,323
Dun & Bradstreet Corp.
2022 Incremental Term Loan B2, (1-mo. CME Term SOFR + 3.00%), 8.32%, 01/18/29		304		302,753
2023 Term Loan B, (1-mo. CME Term SOFR + 2.75%), 8.17%, 02/06/26		478		477,594

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) September 30, 2023 BlackRock Credit Allocation Income Trust (BTZ) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Professional Services (continued)
Element Materials Technology Group U.S. Holdings, Inc.
2022 USD Delayed Draw Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 4.25%), 9.74%, 07/06/29		USD          76	$	74,912
2022 USD Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 4.25%), 9.74%, 07/06/29		165		162,720
Fleetcor Technologies Operating Co. LLC, Series C, 2021 Term Loan B4, (1-mo. CME Term SOFR + 1.75%), 7.17%, 04/28/28		223		222,048
Galaxy U.S. Opco, Inc., Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 4.75%), 10.07%, 04/29/29		242		229,878
Trans Union LLC
2019 Term Loan B5, (1-mo. CME Term SOFR + 1.75%), 7.17%, 11/16/26		111		110,840
2021 Term Loan B6, (1-mo. CME Term SOFR at 0.50% Floor + 2.25%), 7.68%, 12/01/28		371		370,227
VS Buyer LLC, Term Loan B, (1-mo. CME Term SOFR + 3.25%), 8.67%, 02/28/27		258		256,911
				3,055,991
Real Estate Management & Development — 0.0%
Cushman & Wakefield U.S. Borrower LLC
2020 Term Loan B, (1-mo. CME Term SOFR + 2.75%), 8.18%, 08/21/25		12		11,685
2023 Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.25%), 8.67%, 01/31/30		196		193,035
2023 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 4.00%), 9.32%, 01/31/30		109		107,910
				312,630
Semiconductors & Semiconductor Equipment — 0.0%
MKS Instruments, Inc.
2022 USD Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 2.75%), 8.17%, 08/17/29		178		178,074
2023 Term Loan B, 08/17/29(n)		47		46,881
Synaptics, Inc., Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 2.25%), 7.91%, 12/02/28		110		109,324
				334,279
Software — 0.7%
Applied Systems, Inc., 2022 Extended 1st Lien Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 4.50%), 9.89%, 09/18/26		74		74,055
Barracuda Networks, Inc., 2022 Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 4.50%), 9.87%, 08/15/29		117		115,985
Boxer Parent Co., Inc., 2021 USD Term Loan, (1-mo. CME Term SOFR + 3.75%), 9.18%, 10/02/25		137		136,465
CCC Intelligent Solutions, Inc., Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 2.25%), 7.68%, 09/21/28		185		184,056
Central Parent, Inc., 2022 USD Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 4.25%), 9.64%, 07/06/29		296		295,605
Cloud Software Group, Inc., 2022 USD Term Loan B, (3-mo. CEM Term SOFR + 4.50%), 9.99%, 03/30/29		711		682,378
Cloudera, Inc.
2021 Second Lien Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 6.00%), 11.42%, 10/08/29		113		106,785

Security	Par (000)			Value
Software (continued)
Cloudera, Inc. (continued)
2021 Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.75%), 9.17%, 10/08/28(d)		USD            89		$	87,296
Cornerstone OnDemand, Inc., 2021 Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 3.75%), 9.18%, 10/16/28		150			142,388
Delta TopCo, Inc.
2020 2nd Lien Term Loan, (6-mo. CME Term SOFR at 0.75% Floor + 7.25%), 12.57%, 12/01/28(d)		45			42,975
2020 Term Loan B, (6-mo. CME Term SOFR at 0.75% Floor + 3.75%), 9.07%, 12/01/27		—	(o)		2
Genesys Cloud Services Holdings II LLC, 2020 USD Term Loan B4, (1-mo. CME Term SOFR at 0.75% Floor + 4.00%), 9.43%, 12/01/27		382			381,524
Helios Software Holdings, Inc., 2023 Term Loan B, (3-mo. CME Term SOFR + 4.25%), 9.74%, 07/18/30.		153			152,120
Informatica LLC, 2021 USD Term Loan B, (1-mo. CME Term SOFR + 2.75%), 8.18%, 10/27/28		421			418,952
Instructure Holdings, Inc., 2021 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 2.75%), 8.68%, 10/30/28		98			98,193
Magenta Buyer LLC
2021 USD 1st Lien Term Loan, (3-mo. CME Term SOFR at 0.75% Floor + 5.00%), 10.63%, 07/27/28		250			185,140
2021 USD 2nd Lien Term Loan, (3-mo. LIBOR US at 0.75% Floor + 8.25%), 13.88%, 07/27/29		193			88,978
McAfee Corp., 2022 USD Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.75%), 9.18%, 03/01/29		371			362,133
MH Sub I LLC
2021 2nd Lien Term Loan, (1-mo. CME Term SOFR + 6.25%), 11.57%, 02/23/29		247			217,916
2023 Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 4.25%), 9.57%, 05/03/28		793			766,464
NortonLifeLock, Inc., 2022 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 2.00%), 7.42%, 09/12/29		184			183,261
Proofpoint, Inc., 1st Lien Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.25%), 8.68%, 08/31/28		559			553,596
RealPage, Inc., 1st Lien Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.00%), 8.43%, 04/24/28		807			796,776
Severin Acquisition LLC, 2018 Term Loan B, (3-mo. CME Term SOFR + 3.00%), 8.37%, 08/01/25		181			180,708
Sophia LP, 2021 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.50%), 8.92%, 10/07/27		289			288,104
UKG, Inc., 2021 2nd Lien Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 5.25%), 10.62%, 05/03/27		112			112,158
Ultimate Software Group, Inc., 2021 Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 3.25%), 8.62%, 05/04/26		280			279,228
					6,933,241
Specialty Retail — 0.1%
EG Group Ltd., 2021 Term Loan, (1-mo. CME Term SOFR + 4.25%), 9.73%, 03/31/26		296			295,490
Mavis Tire Express Services Corp., 2021 Term Loan B, (1-mo. CME Term SOFR at 0.75% Floor + 4.00%), 9.43%, 05/04/28		311			309,866

25

Schedule of Investments (unaudited) (continued) September 30, 2023 BlackRock Credit Allocation Income Trust (BTZ) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Specialty Retail (continued)
PetSmart, Inc., 2021 Term Loan B, (1-mo. CME Term SOFR at 0.75% Floor + 3.75%), 9.17%, 02/11/28		USD          397	$	395,065
Pilot Travel Centers LLC, 2021 Term Loan B, (1-mo. CME Term SOFR + 2.00%), 7.42%, 08/04/28		177		176,868
Restoration Hardware, Inc.
2022 Incremental Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.25%), 8.67%, 10/20/28		89		85,592
Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 2.50%), 7.93%, 10/20/28		90		86,681
RVR Dealership Holdings LLC, Term Loan B, (3-mo. CME Term SOFR at 0.75% Floor + 3.75%), 9.25%, 02/08/28(d)		22		19,360
				1,368,922
Technology Hardware, Storage & Peripherals — 0.0%
Electronics for Imaging, Inc., Term Loan, (1-mo. CME Term SOFR + 5.00%), 10.42%, 07/23/26		66		43,578
Textiles, Apparel & Luxury Goods — 0.0%
Crocs, Inc., 2023 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.00%), 8.53%, 02/20/29		100		99,998
Hanesbrands, Inc., 2023 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.75%), 9.07%, 03/08/30(d)		58		56,411
				156,409
Trading Companies & Distributors — 0.1%
Beacon Roofing Supply, Inc., 2021 Term Loan B, (1- mo. CME Term SOFR + 2.25%), 7.68%, 05/19/28		185		184,481
Core & Main LP, 2021 Term Loan B, (3-mo. CME Term SOFR + 2.50%), 7.84%, 07/27/28		554		552,719
SRS Distribution, Inc.
2021 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.50%), 8.93%, 06/02/28		446		441,356
2022 Incremental Term Loan, (1-mo. CME Term SOFR + 3.50%), 8.92%, 06/02/28		67		66,340
TMK Hawk Parent Corp., 2020 Super Priority Second Out Term Loan B, (3-mo. CME Term SOFR + 3.50%), 9.17%, 08/28/24(d)		121		77,104
				1,322,000
Transportation Infrastructure — 0.0%
Apple Bidco LLC, 2022 Incremental Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 4.00%), 9.32%, 09/22/28		158		157,703
KKR Apple Bidco LLC, 2021 Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 2.75%), 8.18%, 09/22/28		114		113,197
OLA Netherlands BV, Term Loan, (1-mo. CME Term SOFR at 0.75% Floor + 6.25%), 11.57%, 12/15/26(d)		122		120,861
Rand Parent LLC, 2023 Term Loan B, (3-mo. CME Term SOFR + 4.25%), 9.64%, 03/17/30		79		76,182
				467,943

Security	Par (000)		Value
Wireless Telecommunication Services — 0.0%
Digicel International, 2017 Term Loan B1, 05/27/24(n)		USD              4	$	3,929
Digicel International Finance Ltd., 2017 Term Loan B, (3-mo. LIBOR US + 3.25%), 8.90%, 05/28/24		101		90,883
GOGO Intermediate Holdings LLC, Term Loan B, (1-mo. CME Term SOFR at 0.75% Floor + 3.75%), 9.18%, 04/30/28		64		63,257
SBA Senior Finance II LLC, 2018 Term Loan B, (1-mo. CME Term SOFR + 1.75%), 7.17%, 04/11/25		186		185,381
				343,450
Total Floating Rate Loan Interests — 7.1% (Cost: $72,842,100)				71,693,560
Foreign Agency Obligations
Brazil — 0.5%
Brazilian Government International Bond, 5.00%, 01/27/45		6,525		4,837,178
China — 0.1%
China Development Bank/Hong Kong, 2.00%, 02/16/27(g)		200		181,308
Export-Import Bank of China, 3.38%, 03/14/27(g)		200		189,296
				370,604
Colombia — 0.3%
Colombia Government International Bond, 5.63%, 02/26/44(f)		4,000		2,862,680
Hong Kong — 0.0%
Airport Authority, 3.25%, 01/12/52		200		133,110
India — 0.0%
Export-Import Bank of India, 3.88%, 02/01/28(g)		200		184,518
Indonesia — 0.6%
Indonesia Government International Bond 5.88%, 01/15/24(b)(f)		4,400		4,393,180
4.65%, 09/20/32		250		233,105
4.85%, 01/11/33		200		190,432
5.25%, 01/17/42(g)		200		185,080
4.75%, 07/18/47(g)		200		170,702
3.70%, 10/30/49		200		139,532
3.50%, 02/14/50		200		135,594
Perusahaan Penerbit SBSN Indonesia III(g)
1.50%, 06/09/26		200		179,170
4.40%, 06/06/27		200		192,622
				5,819,417
Mexico — 0.5%
Mexico Government International Bond, Series 16-2, 4.75%, 03/08/44(f)		5,800		4,431,780

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) September 30, 2023 BlackRock Credit Allocation Income Trust (BTZ) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Pakistan — 0.0%
Pakistan Government International Bond(g) 6.00%, 04/08/26		USD          450	$	231,399
7.38%, 04/08/31		200		92,876
				324,275
Philippines — 0.0%
Philippines Government International Bond 3.70%, 03/01/41		300		225,246
2.65%, 12/10/45		200		120,062
				345,308
Qatar — 0.0%
Qatar Government International Bond, 5.10%, 04/23/48(g)		200		180,554
Saudi Arabia — 0.0%
Saudi Government International Bond(g) 4.00%, 04/17/25		200		194,888
4.50%, 10/26/46		200		157,338
				352,226
South Korea — 0.1%
Export-Import Bank of Korea 0.63%, 06/29/24		250		240,617
1.63%, 01/18/27		200		177,748
Korea Development Bank 3.75%, 01/22/24		200		198,794
2.00%, 02/24/25		200		190,432
4.38%, 02/15/33		200		184,224
Korea Expressway Corp., 1.13%, 05/17/26(g)		200		178,358
				1,170,173
United Arab Emirates — 0.0%
Sharjah Sukuk Program Ltd., 6.09%, 03/19/34		250		249,688
Uruguay — 0.3%
Uruguay Government International Bond, 5.10%, 06/18/50(f)		3,500		3,101,175
Total Foreign Agency Obligations — 2.4% (Cost: $29,023,626)				24,362,686
	Shares
Investment Companies
Fixed Income Funds — 0.3%
Invesco Senior Loan ETF		120,000		2,518,800
Total Investment Companies — 0.3% (Cost: $2,508,762)				2,518,800

Security	Par (000)		Value
Municipal Bonds
New York — 1.0%
Metropolitan Transportation Authority, RB, BAB, 6.55%, 11/15/31		USD     10,000	$	10,227,840
Total Municipal Bonds — 1.0% (Cost: $9,833,900)				10,227,840
Preferred Securities
Capital Trusts — 9.8%
Automobiles — 0.2%
General Motors Financial Co., Inc., Series C, 5.70%(a)(h)		2,565		2,192,070
Banks(a)(h) — 2.9%
HSBC Capital Funding Dollar 1 LP, 10.18%(b)		11,835		14,425,622
Industrial & Commercial Bank of China Ltd., 3.20%(g)		300		275,304
ING Groep NV, 3.88%		1,808		1,304,438
Macquarie Bank Ltd., 6.13%(b)		1,885		1,676,231
Nordea Bank Abp, 6.63%(b)		5,540		5,172,101
PNC Financial Services Group, Inc., Series V, 6.20%(f)		5,529		5,081,180
Rizal Commercial Banking Corp., 6.50%(g)		700		635,166
TMBThanachart Bank PCL, 4.90%(g)		700		672,000
Wells Fargo & Co., Series S, 5.90%		281		275,367
				29,517,409
Capital Markets — 0.1%
State Street Corp., Series F, 9.27%(a)(h)		618		619,338
Electric Utilities — 0.8%
PPL Capital Funding, Inc., Series A, 8.32%, 03/30/67(a)		8,300		7,596,033
Financial Services — 3.3%
Barclays PLC(a)(h) 4.38%		1,630		1,131,289
8.00%		4,500		4,424,538
BNP Paribas SA, 7.38%(a)(b)(h)		4,535		4,435,160
Credit Agricole SA, 8.13%(a)(b)(f)(h)		5,000		4,963,700
JPMorgan Chase & Co., 8.75%, 09/01/30(f)		2,000		2,312,306
Lloyds Banking Group PLC, 7.50%(a)(h)		8,285		7,740,478
NatWest Group PLC, 8.00%(a)(h)		970		942,452
UBS Group AG, 7.00%(a)(b)(h)		7,500		7,390,342
				33,340,265
Independent Power and Renewable Electricity Producers — 0.0%
Vistra Corp., 7.00%(a)(b)(h)		481		438,913
Insurance — 1.8%
ACE Capital Trust II, 9.70%, 04/01/30(f)		7,000		8,186,213
Equitable of Iowa Cos Capital Trust II, Series B, 8.42%, 04/01/27		5,000		4,647,565
Kyobo Life Insurance Co. Ltd., 5.90%, 06/15/52(a)(g)		200		194,376
MetLife, Inc., 6.40%, 12/15/66(f)		5,000		4,885,597
				17,913,751
Oil, Gas & Consumable Fuels — 0.2%
Enterprise Products Operating LLC, 8.45%, 06/01/67(a)		2,500		2,287,548

27

Schedule of Investments (unaudited) (continued) September 30, 2023 BlackRock Credit Allocation Income Trust (BTZ) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Real Estate Management & Development — 0.0%
NWD Finance BVI Ltd., 4.13%(a)(g)(h)		USD          409	$	202,819
Wireless Telecommunication Services — 0.5%
Vodafone Group PLC, 7.00%, 04/04/79(a)		4,745		4,712,771
				98,820,917
	Shares
Preferred Stocks — 2.2%
Banks — 1.2%
Citigroup, Inc., Series K(a)(h)		488,320		12,315,430
Capital Markets — 0.5%
State Street Corp., Series D(a)(h)		220,495		5,525,605
Interactive Media & Services — 0.5%
ByteDance Ltd., Series E-1, (Acquired 11/11/20, Cost: $3,403,593)(d)(e)		31,062		5,091,418
				22,932,453
Total Preferred Securities — 12.0% (Cost: $127,892,219)				121,753,370
	Par (000)
U.S. Government Sponsored Agency Securities
Mortgage-Backed Securities — 7.2%
Uniform Mortgage-Backed Securities, 4.50%, 10/13/52(p)		USD     79,260		72,768,330
Total U.S. Government Sponsored Agency Securities — 7.2% (Cost: $74,609,667)				72,768,330
	Shares
Warrants
Consumer Discretionary — 0.0%
Service King (Carnelian Point), (Exercisable 01/14/23, 1 Share for 1 Warrant, Expires 06/30/27, Strike Price USD 10.00)(m)		342		—
Total Warrants — 0.0% (Cost: $—)				—
Total Long-Term Investments — 160.5% (Cost: $1,731,652,815)				1,623,593,267

Security	Shares		Value
Short-Term Securities
Money Market Funds — 0.3%
BlackRock Liquidity Funds, T-Fund, Institutional Class, 5.23%(q)(r)		3,452,187	$	3,452,187
Total Short-Term Securities — 0.3% (Cost: $3,452,187)				3,452,187
Options Purchased — 0.2% (Cost: $1,785,530)				1,567,544
Total Investments Before Options Written — 161.0% (Cost: $1,736,890,532)				1,628,612,998
Options Written — (0.0)% (Premiums Received: $(545,250))				(306,594	)
Total Investments, Net of Options Written — 161.0% (Cost: $1,736,345,282)				1,628,306,404
Liabilities in Excess of Other Assets — (61.0)%				(616,855,514	)
Net Assets — 100.0%			$	1,011,450,890

^(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)  When-issued security.

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

^(e) Restricted security as to resale, excluding 144A securities. The Trust held restricted securities with a current value of $5,102,444, representing 0.5% of its net assets as of period end, and an original cost of $3,412,572.

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

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

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

⁽ⁱ⁾  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.

^(j)  Convertible security.

^(k)  Zero-coupon bond.

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

^(m) Non-income producing security.

⁽ⁿ⁾ 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.

^(o) Rounds to less than 1,000.

^(p) Represents or includes a TBA transaction.

^(q) Affiliate of the Trust.

^(r)  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.

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) September 30, 2023 BlackRock Credit Allocation Income Trust (BTZ)

Affiliates

Investments in issuers considered to be affiliate(s) of the Trust during the period ended September 30, 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 09/30/23		Shares Held at 09/30/23		Income		Capital Gain Distributions from Underlying Funds
BlackRock Liquidity Funds, T-Fund, Institutional Class	$	8,145,069	$	—	$	(4,692,882	)(a)	$	—	$	—	$	3,452,187		3,452,187	$	277,176	$	—

^(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)
RBC Capital Markets, LLC	5.50	%(b)	02/09/23	Open		$	460,156	$	460,156	Corporate Bonds	Open/Demand
Nomura Securities International, Inc.	5.48	(b)	06/30/23	Open			274,775		278,427	Corporate Bonds	Open/Demand
Nomura Securities International, Inc.	5.48	(b)	07/19/23	Open			316,418		319,841	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.49	(b)	07/20/23	Open			4,446,969		4,494,530	Corporate Bonds	Open/Demand
BNP Paribas SA	5.15	(b)	07/25/23	Open			390,150		393,792	Corporate Bonds	Open/Demand
BNP Paribas SA	5.35	(b)	07/25/23	Open			461,000		465,475	Corporate Bonds	Open/Demand
BNP Paribas SA	5.45	(b)	07/25/23	Open			470,470		475,124	Corporate Bonds	Open/Demand
BNP Paribas SA	5.45	(b)	07/25/23	Open			367,000		370,631	Corporate Bonds	Open/Demand
Nomura Securities International, Inc.	5.48	(b)	07/27/23	Open			703,575		710,536	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.49	(b)	07/28/23	Open			1,979,656		1,998,374	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.49	(b)	07/28/23	Open			2,355,000		2,377,267	Capital Trusts	Open/Demand
TD Securities (USA) LLC	5.49	(b)	07/28/23	Open			2,393,072		2,415,737	Corporate Bonds	Open/Demand
BNP Paribas SA	5.47	(b)	07/31/23	Open			873,750		881,848	Corporate Bonds	Open/Demand
Goldman Sachs & Co. LLC	5.25	(b)	07/31/23	Open			756,860		763,593	Corporate Bonds	Open/Demand
Goldman Sachs & Co. LLC	5.35	(b)	07/31/23	Open			461,874		466,061	Corporate Bonds	Open/Demand
Goldman Sachs & Co. LLC	5.35	(b)	07/31/23	Open			1,219,247		1,230,300	Corporate Bonds	Open/Demand
Goldman Sachs & Co. LLC	5.45	(b)	07/31/23	Open			1,034,034		1,036,593	Corporate Bonds	Open/Demand
BNP Paribas SA	5.47	(b)	08/02/23	Open			647,339		653,142	Corporate Bonds	Open/Demand
Barclays Capital, Inc.	1.00	(b)	08/04/23	Open			150,635		150,865	Corporate Bonds	Open/Demand
Barclays Capital, Inc.	5.37	(b)	08/04/23	Open			3,444,300		3,472,558	Corporate Bonds	Open/Demand
Barclays Capital, Inc.	5.50	(b)	08/04/23	Open			157,000		158,319	Corporate Bonds	Open/Demand
BNP Paribas SA	4.50	(b)	08/04/23	Open			321,315		323,524	Corporate Bonds	Open/Demand
BNP Paribas SA	5.15	(b)	08/04/23	Open			352,260		355,032	Corporate Bonds	Open/Demand
BNP Paribas SA	5.30	(b)	08/04/23	Open			569,993		574,608	Corporate Bonds	Open/Demand
BNP Paribas SA	5.32	(b)	08/04/23	Open			1,817,750		1,832,524	Corporate Bonds	Open/Demand
BNP Paribas SA	5.35	(b)	08/04/23	Open			283,993		286,314	Corporate Bonds	Open/Demand
BNP Paribas SA	5.37	(b)	08/04/23	Open			202,373		204,033	Corporate Bonds	Open/Demand
BNP Paribas SA	5.39	(b)	08/04/23	Open			654,075		659,461	Corporate Bonds	Open/Demand
BNP Paribas SA	5.39	(b)	08/04/23	Open			169,200		170,593	Corporate Bonds	Open/Demand
BNP Paribas SA	5.40	(b)	08/04/23	Open			987,305		995,450	Corporate Bonds	Open/Demand
BNP Paribas SA	5.41	(b)	08/04/23	Open			632,738		637,967	Corporate Bonds	Open/Demand
BNP Paribas SA	5.42	(b)	08/04/23	Open			2,673,000		2,695,134	Corporate Bonds	Open/Demand
BNP Paribas SA	5.42	(b)	08/04/23	Open			1,857,206		1,872,585	Corporate Bonds	Open/Demand
BNP Paribas SA	5.44	(b)	08/04/23	Open			694,485		700,257	Corporate Bonds	Open/Demand
BNP Paribas SA	5.44	(b)	08/04/23	Open			1,872,500		1,888,063	Capital Trusts	Open/Demand
BNP Paribas SA	5.44	(b)	08/04/23	Open			330,413		333,159	Corporate Bonds	Open/Demand
BNP Paribas SA	5.45	(b)	08/04/23	Open			335,000		337,789	Corporate Bonds	Open/Demand
BNP Paribas SA	5.45	(b)	08/04/23	Open			4,575,000		4,613,093	Corporate Bonds	Open/Demand
BNP Paribas SA	5.45	(b)	08/04/23	Open			702,900		708,753	Corporate Bonds	Open/Demand
BNP Paribas SA	5.45	(b)	08/04/23	Open			279,840		282,170	Corporate Bonds	Open/Demand
BNP Paribas SA	5.45	(b)	08/04/23	Open			454,515		458,299	Corporate Bonds	Open/Demand
BNP Paribas SA	5.45	(b)	08/04/23	Open			1,584,491		1,597,684	Corporate Bonds	Open/Demand
BNP Paribas SA	5.46	(b)	08/04/23	Open			1,794,679		1,809,649	Corporate Bonds	Open/Demand
BNP Paribas SA	5.48	(b)	08/04/23	Open			515,780		520,098	Corporate Bonds	Open/Demand
BNP Paribas SA	5.49	(b)	08/04/23	Open			528,710		533,145	Corporate Bonds	Open/Demand
BNP Paribas SA	5.49	(b)	08/04/23	Open			339,063		341,906	Corporate Bonds	Open/Demand
BNP Paribas SA	5.49	(b)	08/04/23	Open			249,575		251,668	Corporate Bonds	Open/Demand

29

Schedule of Investments (unaudited) (continued) September 30, 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 SA	5.49	%(b)	08/04/23	Open		$	5,079,769	$	5,122,375	Capital Trusts	Open/Demand
BNP Paribas SA	5.50	(b)	08/04/23	Open			4,506,250		4,544,115	Corporate Bonds	Open/Demand
BNP Paribas SA	5.50	(b)	08/04/23	Open			2,480,625		2,501,469	Corporate Bonds	Open/Demand
BNP Paribas SA	5.50	(b)	08/04/23	Open			3,055,237		3,080,910	Corporate Bonds	Open/Demand
BNP Paribas SA	5.50	(b)	08/04/23	Open			8,348,200		8,418,348	Corporate Bonds	Open/Demand
Goldman Sachs & Co. LLC	5.00	(b)	08/04/23	Open			1,743,625		1,756,944	Corporate Bonds	Open/Demand
Goldman Sachs & Co. LLC	5.25	(b)	08/04/23	Open			624,225		629,232	Corporate Bonds	Open/Demand
Goldman Sachs & Co. LLC	5.45	(b)	08/04/23	Open			4,158,000		4,192,621	Corporate Bonds	Open/Demand
Goldman Sachs & Co. LLC	5.45	(b)	08/04/23	Open			821,250		828,088	Corporate Bonds	Open/Demand
Goldman Sachs & Co. LLC	5.45	(b)	08/04/23	Open			389,375		392,617	Corporate Bonds	Open/Demand
Goldman Sachs & Co. LLC	5.45	(b)	08/04/23	Open			4,077,255		4,111,204	Corporate Bonds	Open/Demand
Goldman Sachs & Co. LLC	5.45	(b)	08/04/23	Open			2,746,406		2,769,274	Corporate Bonds	Open/Demand
Goldman Sachs & Co. LLC	5.45	(b)	08/04/23	Open			1,615,000		1,628,447	Corporate Bonds	Open/Demand
Goldman Sachs & Co. LLC	5.45	(b)	08/04/23	Open			828,750		835,650	Corporate Bonds	Open/Demand
Nomura Securities International, Inc.	4.50	(b)	08/04/23	Open			5,347,500		5,384,264	Corporate Bonds	Open/Demand
Nomura Securities International, Inc.	5.35	(b)	08/04/23	Open			407,048		410,375	Corporate Bonds	Open/Demand
Nomura Securities International, Inc.	5.48	(b)	08/04/23	Open			125,000		126,047	Corporate Bonds	Open/Demand
Nomura Securities International, Inc.	5.48	(b)	08/04/23	Open			156,173		157,480	Corporate Bonds	Open/Demand
Nomura Securities International, Inc.	5.48	(b)	08/04/23	Open			183,398		184,933	Corporate Bonds	Open/Demand
Nomura Securities International, Inc.	5.48	(b)	08/04/23	Open			394,641		397,945	Corporate Bonds	Open/Demand
Nomura Securities International, Inc.	5.48	(b)	08/04/23	Open			1,126,425		1,135,856	Corporate Bonds	Open/Demand
Nomura Securities International, Inc.	5.48	(b)	08/04/23	Open			428,738		432,327	Corporate Bonds	Open/Demand
Nomura Securities International, Inc.	5.48	(b)	08/04/23	Open			184,280		185,823	Corporate Bonds	Open/Demand
Nomura Securities International, Inc.	5.48	(b)	08/04/23	Open			167,000		168,398	Corporate Bonds	Open/Demand
Nomura Securities International, Inc.	5.48	(b)	08/04/23	Open			1,687,875		1,702,006	Corporate Bonds	Open/Demand
Nomura Securities International, Inc.	5.48	(b)	08/04/23	Open			1,820,000		1,835,237	Corporate Bonds	Open/Demand
Nomura Securities International, Inc.	5.48	(b)	08/04/23	Open			548,961		553,557	Corporate Bonds	Open/Demand
Nomura Securities International, Inc.	5.48	(b)	08/04/23	Open			201,105		202,789	Corporate Bonds	Open/Demand
Nomura Securities International, Inc.	5.48	(b)	08/04/23	Open			1,751,765		1,766,431	Corporate Bonds	Open/Demand
Nomura Securities International, Inc.	5.48	(b)	08/04/23	Open			386,250		389,484	Corporate Bonds	Open/Demand
Nomura Securities International, Inc.	5.48	(b)	08/04/23	Open			633,290		638,592	Corporate Bonds	Open/Demand
Nomura Securities International, Inc.	5.48	(b)	08/04/23	Open			169,531		170,951	Corporate Bonds	Open/Demand
Nomura Securities International, Inc.	5.48	(b)	08/04/23	Open			264,000		266,210	Corporate Bonds	Open/Demand
Nomura Securities International, Inc.	5.48	(b)	08/04/23	Open			215,078		216,878	Corporate Bonds	Open/Demand
Nomura Securities International, Inc.	5.48	(b)	08/04/23	Open			220,500		222,346	Corporate Bonds	Open/Demand
Nomura Securities International, Inc.	5.48	(b)	08/04/23	Open			1,252,595		1,263,082	Corporate Bonds	Open/Demand
Nomura Securities International, Inc.	5.48	(b)	08/04/23	Open			925,000		932,744	Corporate Bonds	Open/Demand
Nomura Securities International, Inc.	5.48	(b)	08/04/23	Open			425,130		428,689	Corporate Bonds	Open/Demand
Nomura Securities International, Inc.	5.48	(b)	08/04/23	Open			191,215		192,816	Corporate Bonds	Open/Demand
Nomura Securities International, Inc.	5.48	(b)	08/04/23	Open			386,664		389,901	Corporate Bonds	Open/Demand
RBC Capital Markets, LLC	5.45	(b)	08/04/23	Open			6,410,844		6,464,223	Corporate Bonds	Open/Demand
RBC Capital Markets, LLC	5.50	(b)	08/04/23	Open			13,720,937		13,836,232	Corporate Bonds	Open/Demand
RBC Capital Markets, LLC	5.50	(b)	08/04/23	Open			5,143,562		5,186,783	Corporate Bonds	Open/Demand
RBC Capital Markets, LLC	5.50	(b)	08/04/23	Open			11,300,000		11,394,951	Corporate Bonds	Open/Demand
RBC Capital Markets, LLC	5.50	(b)	08/04/23	Open			12,168,047		12,270,293	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.48	(b)	08/04/23	Open			5,703,906		5,751,661	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.49	(b)	08/04/23	Open			3,856,250		3,888,594	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.49	(b)	08/04/23	Open			2,905,000		2,929,366	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.49	(b)	08/04/23	Open			2,824,920		2,848,614	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.49	(b)	08/04/23	Open			4,562,031		4,600,295	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.49	(b)	08/04/23	Open			1,978,912		1,995,511	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.49	(b)	08/04/23	Open			3,954,431		3,987,599	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.49	(b)	08/04/23	Open			2,958,375		2,983,188	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.49	(b)	08/04/23	Open			779,844		786,385	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.49	(b)	08/04/23	Open			6,933,600		6,991,756	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.49	(b)	08/04/23	Open			5,422,500		5,467,981	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.49	(b)	08/04/23	Open			2,640,675		2,662,824	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.49	(b)	08/04/23	Open			5,919,607		5,969,258	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.49	(b)	08/04/23	Open			427,144		430,726	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.49	(b)	08/04/23	Open			574,275		579,092	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.49	(b)	08/04/23	Open			4,587,500		4,625,978	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.49	(b)	08/04/23	Open			4,929,950		4,971,300	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 30

Schedule of Investments (unaudited) (continued) September 30, 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)
TD Securities (USA) LLC	5.49	%(b)	08/04/23	Open		$	1,254,531	$	1,265,054	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.49	(b)	08/04/23	Open			1,322,200		1,333,290	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.49	(b)	08/04/23	Open			4,019,125		4,052,835	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.49	(b)	08/04/23	Open			1,653,862		1,667,734	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.49	(b)	08/04/23	Open			582,205		587,088	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.49	(b)	08/04/23	Open			2,823,975		2,847,661	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.49	(b)	08/04/23	Open			935,759		943,607	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.49	(b)	08/04/23	Open			2,088,750		2,106,269	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.49	(b)	08/04/23	Open			3,023,125		3,048,481	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.49	(b)	08/04/23	Open			3,850,000		3,882,292	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.49	(b)	08/04/23	Open			2,277,662		2,296,766	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.49	(b)	08/04/23	Open			8,155,000		8,223,400	Capital Trusts	Open/Demand
TD Securities (USA) LLC	5.49	(b)	08/04/23	Open			6,726,975		6,783,398	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.49	(b)	08/04/23	Open			2,352,694		2,372,427	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.49	(b)	08/04/23	Open			4,575,044		4,613,417	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.49	(b)	08/04/23	Open			3,701,951		3,733,001	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.49	(b)	08/04/23	Open			2,293,212		2,312,447	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.49	(b)	08/04/23	Open			1,059,975		1,068,866	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.49	(b)	08/04/23	Open			1,872,000		1,887,701	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.49	(b)	08/04/23	Open			590,400		595,352	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.49	(b)	08/04/23	Open			896,006		903,522	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.49	(b)	08/04/23	Open			6,512,625		6,567,250	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.49	(b)	08/04/23	Open			871,850		879,163	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.49	(b)	08/04/23	Open			3,768,187		3,799,793	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.49	(b)	08/04/23	Open			895,262		902,772	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.49	(b)	08/04/23	Open			3,180,836		3,207,516	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.49	(b)	08/04/23	Open			2,283,600		2,302,754	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.49	(b)	08/04/23	Open			1,041,625		1,050,362	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.49	(b)	08/04/23	Open			2,918,125		2,942,601	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.49	(b)	08/04/23	Open			498,015		502,192	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.49	(b)	08/04/23	Open			3,652,219		3,682,852	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.49	(b)	08/04/23	Open			811,134		817,937	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.49	(b)	08/04/23	Open			2,588,437		2,610,148	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.49	(b)	08/04/23	Open			826,650		833,584	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.49	(b)	08/04/23	Open			583,109		588,000	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.49	(b)	08/04/23	Open			845,500		852,592	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.49	(b)	08/04/23	Open			2,040,334		2,057,447	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.49	(b)	08/04/23	Open			2,873,812		2,897,917	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.49	(b)	08/04/23	Open			3,070,000		3,095,750	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.49	(b)	08/04/23	Open			1,423,611		1,435,552	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.49	(b)	08/04/23	Open			774,687		781,185	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.49	(b)	08/04/23	Open			5,762,981		5,811,318	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.49	(b)	08/04/23	Open			569,800		574,579	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.49	(b)	08/04/23	Open			4,217,812		4,253,189	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.49	(b)	08/04/23	Open			4,723,956		4,763,578	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.49	(b)	08/04/23	Open			2,071,344		2,088,717	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.49	(b)	08/04/23	Open			2,511,250		2,532,313	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.49	(b)	08/04/23	Open			2,811,444		2,835,025	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.49	(b)	08/04/23	Open			2,982,694		3,007,711	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.49	(b)	08/04/23	Open			602,040		607,090	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.49	(b)	08/04/23	Open			3,520,000		3,549,524	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.49	(b)	08/04/23	Open			8,949,237		9,024,299	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.49	(b)	08/04/23	Open			2,749,462		2,772,524	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.49	(b)	08/04/23	Open			3,075,469		3,101,264	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.49	(b)	08/04/23	Open			10,762,500		10,852,770	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.49	(b)	08/04/23	Open			3,297,150		3,324,805	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.50	(b)	08/04/23	Open			10,147,250		10,232,515	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.50	(b)	08/04/23	Open			6,053,270		6,104,134	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.50	(b)	08/04/23	Open			4,911,987		4,953,262	Corporate Bonds	Open/Demand
Goldman Sachs & Co. LLC	5.45	(b)	08/15/23	Open			995,452		1,002,385	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.49	(b)	08/18/23	Open			331,335		333,407	Corporate Bonds	Open/Demand
TD Securities (USA) LLC	5.49	(b)	08/18/23	Open			4,024,095		4,049,256	Corporate Bonds	Open/Demand

31

Schedule of Investments (unaudited) (continued) September 30, 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 SA	5.42	%(b)	08/22/23	Open		$	763,460	$	767,943	Corporate Bonds	Open/Demand
BNP Paribas SA	5.47	(b)	08/22/23	Open			975,532		981,313	Corporate Bonds	Open/Demand
Nomura Securities International, Inc.	5.48	(b)	08/22/23	Open			494,968		497,906	Corporate Bonds	Open/Demand
Nomura Securities International, Inc.	5.48	(b)	08/22/23	Open			474,289		477,104	Corporate Bonds	Open/Demand
Goldman Sachs & Co. LLC	5.25	(b)	08/23/23	Open			1,282,792		1,289,901	Corporate Bonds	Open/Demand
BNP Paribas SA	5.45	(b)	08/29/23	Open			521,428		523,954	Corporate Bonds	Open/Demand
Nomura Securities International, Inc.	4.50	(b)	08/29/23	Open			158,750		159,385	Corporate Bonds	Open/Demand
Nomura Securities International, Inc.	5.35	(b)	08/29/23	Open			3,189,407		3,204,574	Foreign Agency Obligations	Open/Demand
Nomura Securities International, Inc.	5.35	(b)	08/29/23	Open			303,628		305,071	Corporate Bonds	Open/Demand
Nomura Securities International, Inc.	5.35	(b)	08/29/23	Open			485,000		487,306	Corporate Bonds	Open/Demand
BNP Paribas SA	5.42	(b)	09/05/23	Open			417,971		419,544	Corporate Bonds	Open/Demand
Nomura Securities International, Inc.	5.48	(b)	09/06/23	Open			972,849		976,403	Corporate Bonds	Open/Demand
Nomura Securities International, Inc.	5.35	(b)	09/08/23	Open			446,175		447,501	Corporate Bonds	Open/Demand
J.P. Morgan Securities LLC	4.50		09/12/23	10/18/23			545,738		546,965	Corporate Bonds	Up to 30 Days
J.P. Morgan Securities LLC	5.40		09/12/23	10/18/23			447,125		448,332	Corporate Bonds	Up to 30 Days
J.P. Morgan Securities LLC	5.40		09/12/23	10/18/23			316,969		317,825	Corporate Bonds	Up to 30 Days
J.P. Morgan Securities LLC	5.40		09/12/23	10/18/23			165,938		166,386	Corporate Bonds	Up to 30 Days
J.P. Morgan Securities LLC	5.40		09/12/23	10/18/23			577,005		578,563	Corporate Bonds	Up to 30 Days
J.P. Morgan Securities LLC	5.40		09/12/23	10/18/23			1,143,750		1,146,838	Corporate Bonds	Up to 30 Days
J.P. Morgan Securities LLC	5.40		09/12/23	10/18/23			691,250		693,116	Corporate Bonds	Up to 30 Days
J.P. Morgan Securities LLC	5.45		09/12/23	10/18/23			669,625		671,450	Corporate Bonds	Up to 30 Days
J.P. Morgan Securities LLC	5.45		09/12/23	10/18/23			845,000		847,303	Corporate Bonds	Up to 30 Days
J.P. Morgan Securities LLC	5.45		09/12/23	10/18/23			694,282		696,174	Corporate Bonds	Up to 30 Days
J.P. Morgan Securities LLC	5.45		09/12/23	10/18/23			234,465		235,104	Corporate Bonds	Up to 30 Days
J.P. Morgan Securities LLC	5.45		09/12/23	10/18/23			251,777		252,463	Corporate Bonds	Up to 30 Days
J.P. Morgan Securities LLC	5.50		09/12/23	10/18/23			84,510		84,742	Corporate Bonds	Up to 30 Days
J.P. Morgan Securities LLC	5.50		09/12/23	10/18/23			639,600		641,359	Corporate Bonds	Up to 30 Days
J.P. Morgan Securities LLC	5.50		09/12/23	10/18/23			587,325		588,940	Corporate Bonds	Up to 30 Days
J.P. Morgan Securities LLC	5.50		09/12/23	10/18/23			2,610,280		2,617,458	Corporate Bonds	Up to 30 Days
J.P. Morgan Securities LLC	5.50		09/12/23	10/18/23			610,000		611,678	Corporate Bonds	Up to 30 Days
Barclays Capital, Inc.	(3.75	)	09/13/23	10/19/23			135,225		134,986	Corporate Bonds	Up to 30 Days
Barclays Capital, Inc.	4.75		09/13/23	10/19/23			464,999		466,042	Corporate Bonds	Up to 30 Days
Barclays Capital, Inc.	5.40		09/13/23	10/19/23			2,578,092		2,584,666	Foreign Agency Obligations	Up to 30 Days
Barclays Capital, Inc.	5.45		09/13/23	10/19/23			2,431,287		2,437,545	Corporate Bonds	Up to 30 Days
Barclays Capital, Inc.	5.45		09/13/23	10/19/23			5,234,936		5,248,409	Corporate Bonds	Up to 30 Days
Barclays Capital, Inc.	5.45		09/13/23	10/19/23			4,118,750		4,129,350	Corporate Bonds	Up to 30 Days
Barclays Capital, Inc.	5.49		09/13/23	10/19/23			1,181,250		1,184,312	Corporate Bonds	Up to 30 Days
Barclays Capital, Inc.	5.49		09/13/23	10/19/23			2,006,250		2,011,451	Corporate Bonds	Up to 30 Days
Barclays Capital, Inc.	5.49		09/13/23	10/19/23			951,560		954,027	Capital Trusts	Up to 30 Days
Barclays Capital, Inc.	5.49		09/13/23	10/19/23			1,088,000		1,090,821	Corporate Bonds	Up to 30 Days
Barclays Capital, Inc.	5.49		09/13/23	10/19/23			2,856,355		2,863,760	Corporate Bonds	Up to 30 Days
Barclays Capital, Inc.	5.50		09/13/23	10/19/23			3,705,170		3,714,793	Foreign Agency Obligations	Up to 30 Days
Barclays Capital, Inc.	5.50		09/13/23	10/19/23			4,086,976		4,097,591	Foreign Agency Obligations	Up to 30 Days
Nomura Securities International, Inc.	5.48	(b)	09/13/23	Open			219,083		219,649	Corporate Bonds	Open/Demand
BofA Securities, Inc.	0.00		09/14/23	10/20/23			710,314		710,314	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	2.50		09/14/23	10/20/23			620,449		621,138	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	3.25		09/14/23	10/20/23			664,934		665,894	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	3.50		09/14/23	10/20/23			588,455		589,370	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	4.15		09/14/23	10/20/23			433,440		434,239	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	4.25		09/14/23	10/20/23			204,027		204,412	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	4.50		09/14/23	10/20/23			266,341		266,874	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	5.15		09/14/23	10/20/23			507,896		509,059	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	5.20		09/14/23	10/20/23			502,144		503,304	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	5.25		09/14/23	10/20/23			138,431		138,754	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	5.25		09/14/23	10/20/23			1,937,500		1,942,021	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	5.25		09/14/23	10/20/23			457,714		458,782	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	5.25		09/14/23	10/20/23			1,327,900		1,330,998	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	5.33		09/14/23	10/20/23			830,728		832,695	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	5.35		09/14/23	10/20/23			1,730,685		1,734,800	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	5.35		09/14/23	10/20/23			921,052		923,243	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	5.35		09/14/23	10/20/23			344,451		345,270	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	5.35		09/14/23	10/20/23			1,422,078		1,425,459	Corporate Bonds	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) September 30, 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.	5.40	%	09/14/23	10/20/23		$	288,500	$	289,192	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	5.40		09/14/23	10/20/23			766,250		768,089	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	5.40		09/14/23	10/20/23			1,095,000		1,097,628	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	5.40		09/14/23	10/20/23			173,233		173,648	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	5.40		09/14/23	10/20/23			163,800		164,193	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	5.40		09/14/23	10/20/23			540,690		541,988	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	5.40		09/14/23	10/20/23			1,502,531		1,506,137	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	5.40		09/14/23	10/20/23			1,100,287		1,102,928	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	5.40		09/14/23	10/20/23			402,405		403,371	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	5.40		09/14/23	10/20/23			946,594		948,866	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	5.40		09/14/23	10/20/23			1,033,822		1,036,304	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	5.40		09/14/23	10/20/23			1,673,852		1,677,870	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	5.40		09/14/23	10/20/23			169,800		170,208	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	5.40		09/14/23	10/20/23			2,800,800		2,807,522	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	5.40		09/14/23	10/20/23			322,448		323,221	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	5.40		09/14/23	10/20/23			469,875		471,003	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	5.40		09/14/23	10/20/23			1,065,680		1,068,238	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	5.40		09/14/23	10/20/23			1,326,256		1,329,439	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	5.40		09/14/23	10/20/23			572,000		573,373	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	5.40		09/14/23	10/20/23			219,425		219,952	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	5.40		09/14/23	10/20/23			273,455		274,111	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	5.40		09/14/23	10/20/23			396,709		397,661	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	5.40		09/14/23	10/20/23			448,500		449,576	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	5.45		09/14/23	10/20/23			416,770		417,780	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	5.45		09/14/23	10/20/23			524,790		526,061	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	5.45		09/14/23	10/20/23			841,211		843,248	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	5.45		09/14/23	10/20/23			1,874,212		1,878,752	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	5.45		09/14/23	10/20/23			3,780,000		3,789,156	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	5.45		09/14/23	10/20/23			1,258,425		1,261,473	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	5.45		09/14/23	10/20/23			494,321		495,519	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	5.45		09/14/23	10/20/23			4,072,530		4,082,395	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	5.45		09/14/23	10/20/23			6,909,375		6,926,111	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	5.45		09/14/23	10/20/23			2,717,244		2,723,826	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	5.45		09/14/23	10/20/23			393,490		394,443	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	5.45		09/14/23	10/20/23			635,000		636,538	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	5.45		09/14/23	10/20/23			372,040		372,941	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	5.45		09/14/23	10/20/23			830,751		832,763	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	5.45		09/14/23	10/20/23			1,825,000		1,829,421	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	5.45		09/14/23	10/20/23			109,519		109,784	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	5.45		09/14/23	10/20/23			337,500		338,318	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	5.48		09/14/23	10/20/23			2,643,750		2,650,189	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	5.48		09/14/23	10/20/23			2,861,250		2,868,219	Capital Trusts	Up to 30 Days
BofA Securities, Inc.	5.49		09/14/23	10/20/23			5,065,425		5,077,785	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	5.50		09/14/23	10/20/23			414,689		415,702	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	5.50		09/14/23	10/20/23			311,170		311,930	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	5.50		09/14/23	10/20/23			379,245		380,172	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	5.50		09/14/23	10/20/23			9,403,937		9,426,925	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	5.50		09/14/23	10/20/23			274,184		274,854	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	5.50		09/14/23	10/20/23			883,890		886,051	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	5.50		09/14/23	10/20/23			362,613		363,499	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	5.50		09/14/23	10/20/23			700,481		702,194	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	5.50		09/14/23	10/20/23			268,721		269,378	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	5.50		09/14/23	10/20/23			1,737,482		1,741,730	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	5.50		09/14/23	10/20/23			70,484		70,656	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	5.50		09/14/23	10/20/23			4,760,000		4,771,636	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	5.50		09/14/23	10/20/23			1,624,722		1,628,693	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	5.50		09/14/23	10/20/23			737,500		739,303	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	5.50		09/14/23	10/20/23			4,833,950		4,845,766	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	5.50		09/14/23	10/20/23			364,841		365,733	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	5.50		09/14/23	10/20/23			9,787,500		9,811,425	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	5.50		09/14/23	10/20/23			167,315		167,724	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	5.50		09/14/23	10/20/23			407,468		408,464	Corporate Bonds	Up to 30 Days

33

Schedule of Investments (unaudited) (continued) September 30, 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.	5.50	%	09/14/23	10/20/23		$	268,821	$	269,478	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	5.50		09/14/23	10/20/23			515,849		517,110	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	5.50		09/14/23	10/20/23			6,943,481		6,960,454	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	5.50		09/14/23	10/20/23			4,618,220		4,629,509	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	5.50		09/14/23	10/20/23			562,435		563,810	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	5.45		09/18/23	10/20/23			447,228		448,040	Corporate Bonds	Up to 30 Days
J.P. Morgan Securities LLC	5.50		09/19/23	10/18/23			184,800		185,111	Corporate Bonds	Up to 30 Days
J.P. Morgan Securities LLC	5.25		09/25/23	10/18/23			572,452		572,869	Corporate Bonds	Up to 30 Days
J.P. Morgan Securities LLC	5.30		09/25/23	10/18/23			159,675		159,792	Corporate Bonds	Up to 30 Days
J.P. Morgan Securities LLC	5.45		09/25/23	10/18/23			149,917		150,030	Corporate Bonds	Up to 30 Days
J.P. Morgan Securities LLC	5.45		09/25/23	10/18/23			362,225		362,499	Corporate Bonds	Up to 30 Days
Nomura Securities International, Inc.	5.48	(b)	09/25/23	Open			478,485		478,849	Corporate Bonds	Open/Demand
Nomura Securities International, Inc.	5.48	(b)	09/25/23	Open			272,744		272,951	Corporate Bonds	Open/Demand
Nomura Securities International, Inc.	5.48	(b)	09/25/23	Open			516,709		517,102	Corporate Bonds	Open/Demand
Nomura Securities International, Inc.	5.48	(b)	09/25/23	Open			384,420		384,713	Corporate Bonds	Open/Demand
Nomura Securities International, Inc.	5.48	(b)	09/25/23	Open			912,500		913,195	Corporate Bonds	Open/Demand
Nomura Securities International, Inc.	5.48	(b)	09/25/23	Open			210,031		210,191	Corporate Bonds	Open/Demand
Nomura Securities International, Inc.	5.48	(b)	09/25/23	Open			450,945		451,289	Corporate Bonds	Open/Demand
Barclays Capital, Inc.	5.65		09/28/23	10/19/23			93,266		93,296	Corporate Bonds	Up to 30 Days
Barclays Capital, Inc.	5.65		09/28/23	10/19/23			1,599,237		1,599,739	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	3.75		09/28/23	10/20/23			102,418		102,439	Corporate Bonds	Up to 30 Days
BofA Securities, Inc.	5.50		09/28/23	10/20/23			572,688		572,862	Corporate Bonds	Up to 30 Days
Nomura Securities International, Inc.	5.32	(b)	09/28/23	Open			1,506,720		1,507,165	Corporate Bonds	Open/Demand
BofA Securities, Inc.	5.45		09/29/23	10/20/23			304,771		304,771	Corporate Bonds	Up to 30 Days
						$	582,163,579	$	585,965,800

^(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		851		12/19/23	$	91,921	$	(1,757,289	)
2-Year U.S. Treasury Note		768		12/29/23		155,670		(548,399	)
5-Year U.S. Treasury Note		1,111		12/29/23		117,020		(774,236	)
								(3,079,924	)
Short Contracts
Russell 2000 E-Mini Index		218		12/15/23		19,605		537,549
10-Year U.S. Ultra Long Treasury Note		638		12/19/23		71,157		1,868,120
U.S. Long Bond		1,045		12/19/23		118,967		5,794,697
Ultra U.S. Treasury Bond		50		12/19/23		5,944		411,678
								8,612,044
							$	5,532,120

Forward Foreign Currency Exchange Contracts

Currency Purchased		Currency Sold		Counterparty	Settlement Date	Unrealized Appreciation (Depreciation)
USD	1,706,045	EUR	1,589,000	Societe Generale	12/20/23	$	19,915
USD	292,172	GBP	236,000	Natwest Markets PLC	12/20/23		4,072
						$	23,987

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Schedule of Investments (unaudited) (continued) September 30, 2023 BlackRock Credit Allocation Income Trust (BTZ)

Exchange-Traded Options Purchased

Description	Number of Contracts		Expiration Date		Exercise Price			Notional Amount (000)			Value
Call
3-Month SOFR Future		910		03/15/24		USD	95.50		USD	215,261	$	210,438
Put
iShares Russell 2000 ETF		1,921		10/06/23		USD	171.00		USD	33,952		67,235
InvesCo QQQ Trust, Series 1		569		10/20/23		USD	360.00		USD	20,386		391,757
iShares Russell 2000 ETF		1,917		10/20/23		USD	180.00		USD	33,881		898,114
												1,357,106
											$	1,567,544

Exchange-Traded Options Written

Description	Number of Contracts		Expiration Date		Exercise Price			Notional Amount (000)			Value
Call
3-Month SOFR Future		910		03/15/24		USD	97.00		USD	215,261	$	(68,250	)
Put
iShares Russell 2000 ETF		1,921		10/06/23		USD	165.00		USD	33,952		(12,487	)
InvesCo QQQ Trust, Series 1		569		10/20/23		USD	320.00		USD	20,386		(23,614	)
iShares Russell 2000 ETF		1,917		10/20/23		USD	170.00		USD	33,881		(202,243	)
												(238,344	)
											$	(306,594	)

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.41.V1		5.00	%		Quarterly		12/20/28		USD      55,000	$	(539,988	)	$	(447,785	)	$	(92,203	)

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.

35

Schedule of Investments (unaudited) (continued) September 30, 2023 BlackRock Credit Allocation Income Trust (BTZ)

Fair Value Hierarchy as of Period End (continued)

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	$	—		$	166,063,556		$	—	$	166,063,556
Common Stocks		—			—			11,026		11,026
Corporate Bonds		—			1,153,606,290			587,809		1,154,194,099
Floating Rate Loan Interests		—			70,745,858			947,702		71,693,560
Foreign Agency Obligations		—			24,362,686			—		24,362,686
Investment Companies		2,518,800			—			—		2,518,800
Municipal Bonds		—			10,227,840			—		10,227,840
Preferred Securities
Capital Trusts		—			98,820,917			—		98,820,917
Preferred Stocks		17,841,035			—			5,091,418		22,932,453
U.S. Government Sponsored Agency Securities		—			72,768,330			—		72,768,330
Warrants		—			—			—		—
Short-Term Securities
Money Market Funds		3,452,187			—			—		3,452,187
Options Purchased
Equity Contracts		1,357,106			—			—		1,357,106
Interest Rate Contracts		210,438			—			—		210,438
	$	25,379,566		$	1,596,595,477		$	6,637,955	$	1,628,612,998
Derivative Financial Instruments(a)
Assets
Equity Contracts	$	537,549		$	—		$	—	$	537,549
Foreign Currency Exchange Contracts		—			23,987			—		23,987
Interest Rate Contracts		8,074,495			—			—		8,074,495
Liabilities
Credit Contracts		—			(92,203	)		—		(92,203	)
Equity Contracts		(238,344	)		—			—		(238,344	)
Interest Rate Contracts		(3,148,174	)		—			—		(3,148,174	)
	$	5,225,526		$	(68,216	)	$	—	$	5,157,310

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

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 $585,965,800 are categorized as Level 2 within the fair value hierarchy.

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

Portfolio Abbreviation (continued)
PCL	Public Company Limited
PIK	Payment-in-Kind
PJSC	Public Joint Stock Company
RB	Revenue Bond
REIT	Real Estate Investment Trust
SOFR	Secured Overnight Financing Rate

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