Form NPORT-P - Monthly Portfolio Investments Report on Form N-PORT (Public)

Schedule of Investments (unaudited)

March 31, 2024

BlackRock Credit Allocation Income Trust (BTZ)

(Percentages shown are based on Net Assets)


Security		Par (000)		Value

Asset-Backed Securities
522 Funding CLO Ltd., Series 2019-5A, Class AR, (3-mo. CME Term SOFR + 1.33%), 6.64%, 04/15/35^(a)(b)	USD		2,500	$	2,501,268
720 East CLO IV Ltd., Series 2024-1A, Class A1, (3-mo. CME Term SOFR + 1.60%), 6.89%, 04/15/37^(a)(b)			2,000		1,999,819
AGL CLO Ltd.^(a)(b)
Series 2020-5A, Class A1R, (3-mo. CME Term SOFR + 1.42%), 6.74%, 07/20/34			1,000		1,000,931
Series 2021-12A, Class B, (3-mo. CME Term SOFR + 1.86%), 7.18%, 07/20/34			890		889,296
Series 2021-12A, Class C, (3-mo. CME Term SOFR + 2.11%), 7.43%, 07/20/34			500		500,002
AIMCO CLO Ltd., Series 2021-14A, Class A, (3-mo. CME Term SOFR + 1.25%), 6.57%, 04/20/34^(a)(b)			3,000		3,002,250
Allegro CLO II-S Ltd., Series 2014-1RA, Class B, (3-mo. CME Term SOFR + 2.41%), 7.73%, 10/21/28^(a)(b)			500		500,055
Allegro CLO VI Ltd.^(a)(b)
Series 2017-2A, Class B, (3-mo. CME Term SOFR + 1.76%), 7.08%, 01/17/31			360		359,827
Series 2017-2A, Class C, (3-mo. CME Term SOFR + 2.06%), 7.38%, 01/17/31			2,400		2,378,264
Anchorage Capital CLO Ltd.^(a)(b)
Series 2013-1A, Class BR, (3-mo. CME Term SOFR + 2.41%), 7.73%, 10/13/30			1,000		1,001,035
Series 2014-3RA, Class C, (3-mo. CME Term SOFR + 2.11%), 7.43%, 01/28/31			1,000		993,262
Apidos CLO XV, Series 2013-15A, Class DRR, (3-mo. CME Term SOFR + 2.96%), 8.28%, 04/20/31^(a)(b)			1,000		988,881
Apidos CLO XX, Series 2015-20A, Class BRR, (3-mo. CME Term SOFR + 2.21%), 7.53%, 07/16/31^(a)(b)			1,000		1,000,509
Apidos CLO XXXIII, Series 2020-33A, Class AR, (3- mo. CME Term SOFR + 1.41%), 6.73%, 10/24/34^(a)(b)			2,000		2,001,584
Apidos CLO XXXVII, Series 2021-37A, Class A, (3- mo. CME Term SOFR + 1.39%), 6.71%, 10/22/34^(a)(b)			3,000		3,001,660
Ares XLVII CLO Ltd., Series 2018-47A, Class D, (3- mo. CME Term SOFR + 2.96%), 8.28%, 04/15/30^(a)(b)			1,500		1,492,848
Ares XLVIII CLO Ltd., Series 2018-48A, Class C, (3-mo. CME Term SOFR + 2.06%), 7.38%, 07/20/30^(a)(b)			500		496,228
Ares XXXVII CLO Ltd.^(a)(b)
Series 2015-4A, Class A3R, (3-mo. CME Term SOFR + 1.76%), 7.08%, 10/15/30			1,000		1,000,912
Series 2015-4A, Class BR, (3-mo. CME Term SOFR + 2.06%), 7.38%, 10/15/30			1,750		1,744,756
Atlas Senior Loan Fund XII Ltd., Series 2018-12A, Class A1, (3-mo. CME Term SOFR + 1.44%), 6.76%, 10/24/31^(a)(b)			375		374,560
Atrium XV, Series 15A, Class C, (3-mo. CME Term SOFR + 2.46%), 7.78%, 01/23/31^(a)(b)			250		250,408
Ballyrock CLO Ltd.^(a)(b)
Series 2018-1A, Class A2, (3-mo. CME Term SOFR + 1.86%), 7.18%, 04/20/31			1,500		1,504,589
Series 2019-2A, Class BRR, (3-mo. CME Term SOFR + 2.40%), 7.62%, 02/20/36			1,000		1,001,120


Security		Par (000)		Value

Asset-Backed Securities (continued)
Ballyrock CLO Ltd.^(a)(b)(continued)
Series 2022-19A, Class A1, (3-mo. CME Term SOFR + 1.33%), 6.65%, 04/20/35	USD		2,000	$	2,000,475
Benefit Street Partners CLO XII Ltd., Series 2017- 12A, Class B, (3-mo. CME Term SOFR + 2.26%), 7.58%, 10/15/30^(a)(b)			1,000		1,000,803
Benefit Street Partners CLO XVI Ltd., Series 2018- 16A, Class A1R, (3-mo. CME Term SOFR + 1.29%), 6.61%, 01/17/32^(a)(b)			1,900		1,903,412
Benefit Street Partners CLO XXI Ltd., Series 2020- 21A, Class A1R, (3-mo. CME Term SOFR + 1.43%), 6.75%, 10/15/34^(a)(b)			1,300		1,300,319
Bryant Park Funding Ltd., Series 2024-22A, Class C, (3-mo. CME Term SOFR + 2.60%), 7.91%, 04/15/37^(a)(b)			1,500		1,500,000
Buckhorn Park CLO Ltd., Series 2019-1A, Class AR, (3-mo. CME Term SOFR + 1.38%), 6.68%, 07/18/34^(a)(b)			1,000		999,008
Canyon CLO Ltd.^(a)(b)
Series 2020-3A, Class C, (3-mo. CME Term SOFR + 2.76%), 8.08%, 01/15/34			500		499,984
Series 2021-3A, Class B, (3-mo. CME Term SOFR + 1.96%), 7.28%, 07/15/34			1,800		1,793,196
Series 2021-4, Class A, (3-mo. CME Term SOFR + 1.43%), 6.75%, 10/15/34			1,500		1,500,541
Carlyle CLO Ltd., Series C17A, Class BR, (3-mo. CME Term SOFR + 2.11%), 7.43%, 04/30/31^(a)(b)			1,000		992,881
CarVal CLO I Ltd., Series 2018-1A, Class D, (3-mo. CME Term SOFR + 3.15%), 8.47%, 07/16/31^(a)(b)			500		496,607
Cedar Funding XII CLO Ltd., Series 2020-12A, Class A1R, (3-mo. CME Term SOFR + 1.39%), 6.72%, 10/25/34^(a)(b)			1,500		1,499,402
Cedar Funding XIV CLO Ltd., Series 2021-14A, Class A, (3-mo. CME Term SOFR + 1.36%), 6.68%, 07/15/33^(a)(b)			2,000		2,001,424
CIFC Funding Ltd.^(a)(b)
Series 2013-2A, Class A3LR, (3-mo. CME Term SOFR + 2.21%), 7.51%, 10/18/30			1,000		999,193
Series 2015-4A, Class A1A2, (3-mo. CME Term SOFR + 1.33%), 6.65%, 04/20/34			1,000		1,000,177
Series 2018-1A, Class C, (3-mo. CME Term SOFR + 2.01%), 7.31%, 04/18/31			1,000		996,969
Series 2018-1A, Class D, (3-mo. CME Term SOFR + 2.91%), 8.21%, 04/18/31			1,200		1,199,796
Series 2019-2A, Class BR, (3-mo. CME Term SOFR + 1.76%), 7.08%, 04/17/34			900		897,855
Series 2019-5A, Class A2RS, (3-mo. CME Term SOFR + 2.01%), 7.33%, 01/15/35			1,000		1,003,315
Series 2020-2A, Class AR, (3-mo. CME Term SOFR + 1.43%), 6.75%, 10/20/34			1,200		1,200,929
Series 2020-3A, Class A1R, (3-mo. CME Term SOFR + 1.39%), 6.71%, 10/20/34			1,000		1,000,534
Series 2021-1A, Class A1, (3-mo. CME Term SOFR + 1.37%), 6.70%, 04/25/33			1,500		1,501,246
Clover CLO LLC^(a)(b)
Series 2018-1A, Class A1R, (3-mo. CME Term SOFR + 1.38%), 6.70%, 04/20/32			3,500		3,505,266
Series 2021-1A, Class A, (3-mo. CME Term SOFR + 1.36%), 6.68%, 04/22/34			2,000		2,001,200


S C H E D U L E O F I N V E S T M E N T S		1

Schedule of Investments (unaudited) (continued)

March 31, 2024

BlackRock Credit Allocation Income Trust (BTZ)

(Percentages shown are based on Net Assets)


Security		Par (000)		Value

Asset-Backed Securities (continued)
Clover CLO LLC^(a)(b)(continued)
Series 2021-2A, Class B, (3-mo. CME Term SOFR + 2.01%), 7.33%, 07/20/34	USD		1,000	$	1,002,346
Clover CLO Ltd., Series 2019-2A, Class AR, (3-mo. CME Term SOFR + 1.36%), 6.69%, 10/25/33^(a)(b)			1,000		1,000,008
Diameter Capital CLO Ltd., Series 2021-1A, Class A1A, (3-mo. CME Term SOFR + 1.50%), 6.82%, 07/15/36^(a)(b)			2,810		2,811,686
Dryden CLO Ltd., Series 2020-77A, Class AR, (3-mo. CME Term SOFR + 1.38%), 6.70%, 05/20/34^(a)(b)			3,500		3,501,225
Elmwood CLO 15 Ltd., Series 2022-2A, Class A1, (3-mo. CME Term SOFR + 1.34%), 6.66%, 04/22/35^(a)(b)			1,200		1,200,135
Elmwood CLO 26 Ltd, Series 2026-1A, Class C, (3- mo. CME Term SOFR + 2.40%), 7.69%, 04/18/37^(a)(b)			1,000		1,000,000
Elmwood CLO II Ltd., Series 2019-2A, Class AR, (3-mo. CME Term SOFR + 1.41%), 6.73%, 04/20/34^(a)(b)			2,000		2,001,800
Elmwood CLO V Ltd., Series 2022-2A, Class AR, (3-mo. CME Term SOFR + 1.41%), 6.73%, 10/20/34^(a)(b)			2,830		2,831,951
Elmwood CLO VII Ltd., Series 2020-4A, Class AR, (3-mo. CME Term SOFR + 1.63%), 6.95%, 01/17/34^(a)(b)			2,000		2,010,735
Elmwood CLO XI Ltd., Series 2021-4A, Class B, (3- mo. CME Term SOFR + 1.86%), 7.18%, 10/20/34^(a)(b)			1,250		1,250,464
Elmwood CLO XII Ltd., Series 2019-2A, Class B, (3-mo. CME Term SOFR + 1.96%), 7.28%, 01/20/35^(a)(b)			2,000		2,000,331
Flatiron CLO Ltd., Series 2021-1A, Class A1, (3-mo. CME Term SOFR + 1.37%), 6.68%, 07/19/34^(a)(b)			1,931		1,932,178
Galaxy XX CLO Ltd., Series 2015-20A, Class D1R, (3-mo. CME Term SOFR + 2.86%), 8.18%, 04/20/31^(a)(b)			1,000		989,659
Generate CLO Ltd.^(a)(b)
Series 2A, Class CR, (3-mo. CME Term SOFR + 2.11%), 7.43%, 01/22/31			1,500		1,503,007
Series 2A, Class DR, (3-mo. CME Term SOFR + 2.86%), 8.18%, 01/22/31			1,800		1,785,774
Series 6A, Class DR, (3-mo. CME Term SOFR + 1.46%), 6.78%, 01/22/35			2,500		2,501,786
Golub Capital Partners CLO Ltd.^(a)(b)
Series 2019-41A, Class AR, (3-mo. CME Term SOFR + 1.58%), 6.90%, 01/20/34			1,000		1,001,217
Series 2020-52A, Class A1, (3-mo. CME Term SOFR + 1.70%), 7.02%, 01/20/34			2,000		2,005,308
Series 2021-53A, Class B, (3-mo. CME Term SOFR + 2.06%), 7.38%, 07/20/34			1,000		999,941
HalseyPoint CLO Ltd.^(a)(b)
Series 2021-4A, Class A, (3-mo. CME Term SOFR + 1.48%), 6.80%, 04/20/34			2,000		2,001,969
Series 2021-5A, Class A1A, (3-mo. CME Term SOFR + 1.47%), 6.79%, 01/30/35			1,000		1,000,100
Highbridge Loan Management Ltd.^(a)(b)
Series 12A-18, Class B, (3-mo. CME Term SOFR + 2.11%), 7.41%, 07/18/31			1,250		1,245,346
Series 4A-2014, Class A2R, (3-mo. CME Term SOFR + 1.76%), 7.08%, 01/28/30			650		650,915


Security		Par (000)		Value

Asset-Backed Securities (continued)
HPS Loan Management Ltd., Series 6A-2015, Class BR, (3-mo. CME Term SOFR + 2.01%), 7.28%, 02/05/31^(a)(b)	USD		1,500	$	1,493,870
Long Point Park CLO Ltd., Series 2017-1A, Class B, (3-mo. CME Term SOFR + 1.96%), 7.28%, 01/17/30^(a)(b)			1,000		1,001,053
Madison Park Funding L Ltd., Series 2021-50A, Class A, (3-mo. CME Term SOFR + 1.40%), 6.71%, 04/19/34^(a)(b)			2,520		2,518,589
Madison Park Funding LIX Ltd., Series 2021-59A, Class A, (3-mo. CME Term SOFR + 1.40%), 6.70%, 01/18/34^(a)(b)			1,000		1,000,200
Madison Park Funding XIII Ltd., Series 2014-13A, Class CR2, (3-mo. CME Term SOFR + 2.16%), 7.47%, 04/19/30^(a)(b)			1,000		1,000,929
Madison Park Funding XLVIII Ltd., Series 2021-48A, Class A, (3-mo. CME Term SOFR + 1.41%), 6.72%, 04/19/33^(a)(b)			1,000		1,000,640
Madison Park Funding XXVII Ltd.^(a)(b)
Series 2018-27A, Class B, (3-mo. CME Term SOFR + 2.06%), 7.38%, 04/20/30			1,000		997,042
Series 2018-27A, Class C, (3-mo. CME Term SOFR + 2.86%), 8.18%, 04/20/30			1,000		998,750
Madison Park Funding XXXVIII Ltd., Series 2021- 38A, Class A, (3-mo. CME Term SOFR + 1.38%), 6.70%, 07/17/34^(a)(b)			1,070		1,070,642
Marble Point CLO XI Ltd., Series 2017-2A, Class B, (3-mo. CME Term SOFR + 1.76%), 7.06%, 12/18/30^(a)(b)			1,000		1,000,111
MP CLO III Ltd., Series 2013-1A, Class CR, (3-mo. CME Term SOFR + 2.26%), 7.58%, 10/20/30^(a)(b)			1,000		994,712
Neuberger Berman CLO XXII Ltd.^(a)(b)
Series 2016-22A, Class BR, (3-mo. CME Term SOFR + 1.91%), 7.23%, 10/17/30			400		400,151
Series 2016-22A, Class CR, (3-mo. CME Term SOFR + 2.46%), 7.78%, 10/17/30			1,000		1,000,029
Neuberger Berman Loan Advisers CLO Ltd.^(a)(b)
Series 2017-26A, Class C, (3-mo. CME Term SOFR + 2.01%), 7.31%, 10/18/30			1,500		1,492,918
Series 2018-27A, Class D, (3-mo. CME Term SOFR + 2.86%), 8.18%, 01/15/30			1,000		1,000,283
Series 2021- 46A, Class B, (3-mo. CME Term SOFR + 1.91%), 7.23%, 01/20/36			1,450		1,451,609
Series 2021-45A, Class A, (3-mo. CME Term SOFR + 1.39%), 6.71%, 10/14/35			3,000		3,002,775
Series 2022-47A, Class A, (3-mo. CME Term SOFR + 1.30%), 6.62%, 04/14/35			1,000		1,000,521
New Mountain CLO Ltd., Series 2024-5A, Class A, (3-mo. CME Term SOFR + 1.57%), 6.87%, 04/20/36^(a)(b)			2,500		2,508,167
Oaktree CLO Ltd., Series 2022-2A, Class A1R, (3-mo. CME Term SOFR + 1.55%), 6.86%, 07/15/33^(a)(b)			2,000		2,001,642
OCP CLO Ltd.^(a)(b)
Series 2014-6A, Class BR, (3-mo. CME Term SOFR + 2.41%), 7.73%, 10/17/30			500		500,349
Series 2017-14A, Class B, (3-mo. CME Term SOFR + 2.21%), 7.53%, 11/20/30			1,000		999,980
Series 2026-11R, Class CR2, (3-mo. CME Term SOFR + 2.35%), 7.67%, 04/26/36			1,500		1,502,710
Octagon Investment Partners 26 Ltd., Series 2016- 1A, Class DR, (3-mo. CME Term SOFR + 3.11%), 8.43%, 07/15/30^(a)(b)			500		485,287


2

Schedule of Investments (unaudited) (continued)

March 31, 2024

BlackRock Credit Allocation Income Trust (BTZ)

(Percentages shown are based on Net Assets)


Security		Par (000)		Value

Asset-Backed Securities (continued)
Octagon Investment Partners 34 Ltd., Series 2017- 1A, Class B1, (3-mo. CME Term SOFR + 1.66%), 6.98%, 01/20/30^(a)(b)	USD		1,000	$	1,000,832
Octagon Investment Partners XVII Ltd.^(a)(b)
Series 2013-1A, Class BR2, (3-mo. CME Term SOFR + 1.66%), 6.99%, 01/25/31			1,000		1,000,133
Series 2013-1A, Class CR2, (3-mo. CME Term SOFR + 1.96%), 7.29%, 01/25/31			1,000		993,004
Octagon Investment Partners XXII Ltd., Series 2014- 1A, Class CRR, (3-mo. CME Term SOFR + 2.16%), 7.48%, 01/22/30^(a)(b)			900		898,028
OHA Credit Funding Ltd.^(a)(b)
Series 2019-3A, Class AR, (3-mo. CME Term SOFR + 1.40%), 6.72%, 07/02/35			1,750		1,751,021
Series 2020-5A, Class A1, (3-mo. CME Term SOFR + 1.43%), 6.73%, 04/18/33			1,000		1,000,609
Series 2020-7A, Class AR, (3-mo. CME Term SOFR + 1.30%), 6.61%, 02/24/37			1,250		1,248,361
Series 2021-10A, Class A, (3-mo. CME Term SOFR + 1.39%), 6.69%, 01/18/36			1,500		1,500,784
OHA Credit Partners XII Ltd.^(a)(b)
Series 2015-12A, Class DR, (3-mo. CME Term SOFR + 3.16%), 8.48%, 07/23/30			600		599,623
Series 2015-12AR, Class D1R2, (3-mo. CME Term SOFR + 3.50%), 1.00%, 04/23/37			600		600,000
OHA Credit Partners XVI, Series 2021-16A, Class A, (3-mo. CME Term SOFR + 1.41%), 6.71%, 10/18/34^(a)(b)			750		750,566
Palmer Square CLO Ltd.^(a)(b)
Series 2015-1A, Class A2R4, (3-mo. CME Term SOFR + 1.96%), 7.28%, 05/21/34			2,500		2,498,749
Series 2019-1A, Class CR, (3-mo. CME Term SOFR + 3.31%), 8.62%, 11/14/34			1,000		995,167
Series 2020-3ARR, Class A1R2, (3-mo. CME Term SOFR + 1.65%), 6.96%, 11/15/36			1,500		1,505,281
Series 2021-2A, Class A, (3-mo. CME Term SOFR + 1.41%), 6.73%, 07/15/34			2,000		2,001,389
Series 2021-4A, Class B, (3-mo. CME Term SOFR + 1.91%), 7.23%, 10/15/34			2,500		2,492,327
Post CLO Ltd., Series 2024-1, Class A1, (3-mo. CME Term SOFR + 1.60%), 6.87%, 04/20/37^(a)(b)			2,000		1,993,861
Regatta VI Funding Ltd., Series 2016-1A, Class AR2, (3-mo. CME Term SOFR + 1.42%), 6.74%, 04/20/34^(a)(b)			2,000		2,002,024
Regatta VII Funding Ltd., Series 2016-1A, Class DR2, (3-mo. CME Term SOFR + 3.31%), 8.64%, 06/20/34^(a)(b)			500		500,554
Regatta XII Funding Ltd., Series 2019-12R, Class AR, (3-mo. CME Term SOFR + 1.36%), 6.68%, 10/15/32^(a)(b)			1,500		1,501,853
Regatta XV Funding Ltd., Series 2018-4A, Class A2, (3-mo. CME Term SOFR + 2.11%), 7.44%, 10/25/31^(a)(b)			1,200		1,205,566
Regatta XVI Funding Ltd.^(a)(b)
Series 2019-2A, Class C, (3-mo. CME Term SOFR + 2.96%), 8.28%, 01/15/33			1,000		1,003,091
Series 2019-2A, Class D, (3-mo. CME Term SOFR + 4.16%), 9.48%, 01/15/33			1,000		1,001,520
Regatta XVIII Funding Ltd., Series 2021-1A, Class B, (3-mo. CME Term SOFR + 1.71%), 7.03%, 01/15/34^(a)(b)			1,000		999,100


Security		Par (000)		Value

Asset-Backed Securities (continued)
Regatta XXVII Funding Ltd., Series 2024-1A, Class A1, (3-mo. CME Term SOFR + 1.53%), 6.83%, 04/26/37^(a)(b)	USD		2,000	$	1,999,966
Regatta XXVIII Funding Ltd., Series 2024-2A, Class A1, (3-mo. CME Term SOFR + 1.55%), 0.00%, 04/25/37^(a)(b)			1,500		1,500,000
Rockford Tower CLO Ltd.^(a)(b)
Series 2017-3A, Class A, (3-mo. CME Term SOFR + 1.45%), 6.77%, 10/20/30			1,510		1,510,645
Series 2017-3A, Class D, (3-mo. CME Term SOFR + 2.91%), 8.23%, 10/20/30			1,000		996,025
RR Ltd., Series 2018-5A, Class C, (3-mo. CME Term SOFR + 3.36%), 8.68%, 10/15/31^(a)(b)			650		642,307
RRX Ltd., Series 2021-3A, Class A2, (3-mo. CME Term SOFR + 2.01%), 7.33%, 04/15/34^(a)(b)			2,000		1,999,785
Signal Peak CLO Ltd.^(a)(b)
Series 2020-8A, Class A, (3-mo. CME Term SOFR + 1.53%), 6.85%, 04/20/33			6,000		6,005,457
Series 2020-8A, Class B, (3-mo. CME Term SOFR + 1.91%), 7.23%, 04/20/33			1,650		1,649,851
Sixth Street CLO XX Ltd., Series 2021-20A, Class A1, (3-mo. CME Term SOFR + 1.42%), 6.74%, 10/20/34^(a)(b)			1,325		1,326,655
Sound Point CLO XXI Ltd., Series 2018-3A, Class A1A, (3-mo. CME Term SOFR + 1.44%), 6.77%, 10/26/31^(a)(b)			1,400		1,402,791
Stewart Park CLO Ltd., Series 2015-1A, Class DR, (3-mo. CME Term SOFR + 2.86%), 8.18%, 01/15/30^(a)(b)			1,500		1,469,164
Symphony CLO XXIV Ltd., Series 2020-24AR, Class AR, (3-mo. CME Term SOFR + 1.20%), 6.52%, 01/23/32^(a)(b)			1,000		999,800
Symphony CLO XXVIII Ltd., Series 2021-28A, Class A, (3-mo. CME Term SOFR + 1.40%), 6.72%, 10/23/34^(a)(b)			1,900		1,901,578
TCI-Flatiron CLO Ltd., Series 2016-1A, Class AR3, (3-mo. CME Term SOFR + 1.10%), 6.42%, 01/17/32^(a)(b)			705		705,153
Tiaa CLO III Ltd., Series 2017-2A, Class A, (3-mo. CME Term SOFR + 1.41%), 6.73%, 01/16/31^(a)(b)			1,908		1,907,885
TICP CLO IX Ltd., Series 2017-9A, Class A, (3-mo. CME Term SOFR + 1.40%), 6.72%, 01/20/31^(a)(b)			607		607,631
TICP CLO VI Ltd., Series 2016-6A, Class AR2, (3-mo. CME Term SOFR + 1.38%), 6.70%, 01/15/34^(a)(b)			2,000		2,002,240
TICP CLO X Ltd., Series 2018-10A, Class B, (3-mo. CME Term SOFR + 1.73%), 7.05%, 04/20/31^(a)(b)			1,300		1,301,695
TICP CLO XII Ltd., Series 2018-12A, Class BR, (3- mo. CME Term SOFR + 1.91%), 7.23%, 07/15/34^(a)(b)			1,000		1,003,006
TICP CLO XIV Ltd., Series 2019-14A, Class A2R, (3-mo. CME Term SOFR + 1.91%), 7.23%, 10/20/32^(a)(b)			1,750		1,749,056
Trestles CLO IV Ltd., Series 2021-4A, Class A, (3-mo. CME Term SOFR + 1.43%), 6.75%, 07/21/34^(a)(b)			2,000		2,000,000
Trimaran CAVU Ltd.^(a)(b)
Series 2021-2A, Class B1, (3-mo. CME Term SOFR + 2.01%), 7.34%, 10/25/34			1,500		1,500,611
Series 2022-2A, Class A, (3-mo. CME Term SOFR + 2.50%), 7.82%, 01/20/36			2,500		2,532,950
Series 2022-2A, Class B1, (3-mo. CME Term SOFR + 3.40%), 8.72%, 01/20/36			1,500		1,504,503


S C H E D U L E O F I N V E S T M E N T S		3

Schedule of Investments (unaudited) (continued)

March 31, 2024

BlackRock Credit Allocation Income Trust (BTZ)

(Percentages shown are based on Net Assets)


Security		Par (000)		Value

Asset-Backed Securities (continued)
Whitebox CLO I Ltd., Series 2019-1A, Class ANAR, (3-mo. CME Term SOFR + 1.39%), 6.71%, 07/24/32^(a)(b)	USD		1,000	$	1,000,454
Whitebox CLO IV Ltd.^(a)(b)
Series 2023-4A, Class A1, (3-mo. CME Term SOFR + 2.15%), 7.47%, 04/20/36			2,000		2,012,221
Series 2023-4A, Class B1, (3-mo. CME Term SOFR + 2.60%), 7.92%, 04/20/36			1,000		1,004,000


Total Asset-Backed Securities — 19.3% (Cost: $204,042,205)					206,708,308


		Shares

Common Stocks

Entertainment — 0.0%
Learfield Communications LLC, (Acquired 09/06/23, Cost: $8,979)^(c)(d)(e)			715		33,605


Financial Services — 0.0%
Travelport Finance Luxembourg SARL^(c)(d)			25		80,053


Health Care Providers & Services — 0.0%
Envision Healthcare Corp., (Acquired 11/03/23, Cost: $100,499)^(d)(e)			3,236		27,506


Trading Companies & Distributors — 0.0%
TMK Hawk Parent Corp.^(c)(d)			935		7,710


Total Common Stocks — 0.0% (Cost: $222,431)					148,874


		Par (000)

Corporate Bonds

Aerospace & Defense — 3.8%
AAR Escrow Issuer LLC, 6.75%, 03/15/29^(b)	USD		385		387,962
Boeing Co., 5.15%, 05/01/30^(f)			6,775		6,554,859
Bombardier, Inc.^(b)
7.13%, 06/15/26^(f)			1,026		1,040,767
7.88%, 04/15/27^(g)			474		474,331
7.50%, 02/01/29^(f)			624		642,554
8.75%, 11/15/30^(f)			647		690,851
7.25%, 07/01/31^(h)			425		425,865
7.45%, 05/01/34			327		362,669
BWX Technologies, Inc.^(b)
4.13%, 06/30/28			70		65,262
4.13%, 04/15/29			248		228,829
Castlelake Aviation Finance DAC, 5.00%, 04/15/27^(b)			50		48,157
Embraer Netherlands Finance BV, 7.00%, 07/28/30^(b)			565		589,549
F-Brasile SpA/F-Brasile U.S. LLC, Series XR, 7.38%, 08/15/26^(b)(f)			1,000		994,919
General Dynamics Corp., 4.25%, 04/01/50^(f)			1,260		1,097,403
Global Aircraft Leasing Co. Ltd., (6.50% Cash or 7.25% PIK), 6.50%, 09/15/24^(b)(i)			350		330,816
Moog, Inc., 4.25%, 12/15/27^(b)			320		301,195
Northrop Grumman Corp.^(f)
4.03%, 10/15/47			2,400		1,962,560


Security		Par (000)		Value

Aerospace & Defense (continued)
Northrop Grumman Corp.^(f)(continued)
5.25%, 05/01/50	USD		3,050	$	2,991,830
RTX Corp.^(f)
4.63%, 11/16/48			2,805		2,493,359
3.13%, 07/01/50			3,545		2,419,473
6.40%, 03/15/54			1,100		1,244,494
Signature Aviation U.S. Holdings, Inc., 4.00%, 03/01/28^(b)			541		492,311
Spirit AeroSystems, Inc.^(b)
9.38%, 11/30/29^(f)			712		776,640
9.75%, 11/15/30			717		802,012
TransDigm, Inc.^(b)
6.75%, 08/15/28			3,227		3,269,590
6.38%, 03/01/29			3,616		3,627,257
7.13%, 12/01/31			1,444		1,488,126
6.63%, 03/01/32			3,653		3,690,593
Triumph Group, Inc., 9.00%, 03/15/28^(b)			1,465		1,544,450


					41,038,683
Air Freight & Logistics — 0.5%
FedEx Corp., 5.25%, 05/15/50^(f)			6,000		5,746,976
Rand Parent LLC, 8.50%, 02/15/30^(b)			31		30,698


					5,777,674
Automobile Components — 0.9%
Clarios Global LP, 6.75%, 05/15/25^(b)			631		631,562
Clarios Global LP/Clarios U.S. Finance Co.
4.38%, 05/15/26^(j)	EUR		246		263,361
8.50%, 05/15/27^(b)(f)	USD		7,045		7,055,656
6.75%, 05/15/28^(b)(f)			1,200		1,216,354
Goodyear Tire & Rubber Co.
5.00%, 07/15/29^(f)			207		193,260
5.63%, 04/30/33			53		48,404
Phinia, Inc., 6.75%, 04/15/29^(b)(h)			219		221,112
SK On Co. Ltd., 5.38%, 05/11/26^(j)			200		200,187
Tenneco, Inc., 8.00%, 11/17/28^(b)			234		213,510


					10,043,406
Automobiles — 1.5%
Asbury Automotive Group, Inc.
4.50%, 03/01/28			221		210,411
5.00%, 02/15/32^(b)			293		265,470
Aston Martin Capital Holdings Ltd., 10.00%, 03/31/29^(b)			218		221,961
Carvana Co.^(b)(i)
(12.00% PIK), 12.00%, 12/01/28			193		188,704
(13.00% PIK), 13.00%, 06/01/30			257		250,633
(14.00% PIK), 14.00%, 06/01/31			292		293,095
Ford Motor Co.^(f)
3.25%, 02/12/32			171		142,239
6.10%, 08/19/32			3,129		3,170,663
General Motors Co.^(f)
6.25%, 10/02/43			940		961,568
5.95%, 04/01/49			3,455		3,406,576
Hyundai Capital America^(j)
5.50%, 03/30/26			200		200,326
2.38%, 10/15/27			200		181,320
(1-day SOFR + 1.32%), 6.67%, 11/03/25^(a)			200		201,428
Hyundai Capital Services, Inc., 5.13%, 02/05/29^(j)			225		222,750
Jaguar Land Rover Automotive PLC, 4.50%, 10/01/27^(j)			500		472,725
LCM Investments Holdings II LLC^(b)
4.88%, 05/01/29			535		491,736


4

Schedule of Investments (unaudited) (continued)

March 31, 2024

BlackRock Credit Allocation Income Trust (BTZ)

(Percentages shown are based on Net Assets)


Security		Par (000)		Value

Automobiles (continued)
LCM Investments Holdings II LLC^(b)(continued)
8.25%, 08/01/31	USD		532	$	556,556
MajorDrive Holdings IV LLC, 6.38%, 06/01/29^(b)			314		294,494
Nissan Motor Acceptance Co. LLC
6.95%, 09/15/26^(b)(f)			3,265		3,352,697
6.95%, 09/15/26^(j)			75		77,015
7.05%, 09/15/28^(j)			150		156,792
Nissan Motor Co. Ltd., 4.81%, 09/17/30^(j)			200		186,755
TML Holdings Pte. Ltd., 4.35%, 06/09/26^(j)			200		191,938


					15,697,852
Banks — 9.0%
ABQ Finance Ltd., 3.13%, 09/24/24^(j)			200		197,264
Abu Dhabi Commercial Bank PJSC, 3.50%, 03/31/27^(j)			212		201,930
Agricultural Bank of China Ltd./New York, 1.25%, 01/19/26^(j)			200		186,982
Australia & New Zealand Banking Group Ltd., (5-year CMT + 1.70%), 2.57%, 11/25/35^(a)(b)(f)			5,445		4,460,951
Bangkok Bank PCL/Hong Kong^(j)
4.45%, 09/19/28			200		194,132
(5-year CMT + 1.90%), 3.73%, 09/25/34^(a)			200		178,014
(5-year CMT + 4.73%), 5.00%^(a)(k)			222		215,895
Bank Mandiri Persero Tbk PT, 5.50%, 04/04/26^(j)			200		200,125
Bank Negara Indonesia Persero Tbk PT, 3.75%, 03/30/26^(j)			200		191,062
Bank of America Corp.^(a)(f)
(1-day SOFR + 1.83%), 4.57%, 04/27/33			9,380		8,910,228
(1-day SOFR + 1.99%), 6.20%, 11/10/28			3,090		3,196,468
Bank of China Ltd./London, 0.97%, 11/02/24^(j)			200		194,767
Bank of China Ltd./Luxembourg, 1.40%, 04/28/26^(j)			200		185,788
Bank of East Asia Ltd.^(a)(j)
(1-year CMT + 2.30%), 6.63%, 03/13/27			250		252,007
(5-year CMT + 2.30%), 4.88%, 04/22/32			750		705,375
China CITIC Bank International Ltd., (5-year CMT + 1.65%), 6.00%, 12/05/33^(a)(j)			250		257,969
China Construction Bank Corp., (5-year CMT + 2.15%), 2.45%, 06/24/30^(a)(j)			200		192,926
Citigroup, Inc.^(f)
6.68%, 09/13/43			4,125		4,608,208
(1-day SOFR + 2.66%), 6.17%, 05/25/34^(a)			2,740		2,782,440
Deutsche Bank AG/New York^(a)(f)
(1-day SOFR + 1.87%), 2.13%, 11/24/26			3,260		3,074,216
(1-day SOFR + 2.51%), 6.82%, 11/20/29			3,975		4,155,479
First Abu Dhabi Bank PJSC, 5.00%, 02/28/29^(j)			200		198,750
Freedom Mortgage Corp.^(b)
12.00%, 10/01/28			147		160,231
12.25%, 10/01/30			147		161,668
Goldman Sachs Group, Inc., (1-day SOFR + 1.85%), 3.62%, 03/15/28^(a)(f)			1,830		1,750,458
Industrial & Commercial Bank of China Ltd./Hong Kong, 2.95%, 06/01/25^(j)			200		194,722
Industrial & Commercial Bank of China Macau Ltd., (5-year CMT + 1.65%), 2.88%, 09/12/29^(a)(j)			200		197,519
Intesa Sanpaolo SpA, 5.71%, 01/15/26^(b)			9,840		9,754,464
JPMorgan Chase & Co., (1-day SOFR + 2.58%), 5.72%, 09/14/33^(a)(f)			11,000		11,219,578
Kasikornbank PCL/Hong Kong, (5-year CMT + 1.70%), 3.34%, 10/02/31^(a)(j)			468		434,947
KB Kookmin Card Co. Ltd., 4.00%, 06/09/25^(j)			200		196,000
KeyCorp, (1-day SOFR Index + 2.42%), 6.40%, 03/06/35^(a)			1,995		2,037,305


Security		Par (000)		Value

Banks (continued)
Macquarie Bank Ltd., 6.80%, 01/18/33^(b)(f)	USD		5,110	$	5,406,052
Metropolitan Bank & Trust Co.^(j)
5.38%, 03/06/29			320		320,640
5.50%, 03/06/34			275		275,412
NongHyup Bank, 4.00%, 01/06/26^(j)			200		195,625
QNB Finance Ltd., 2.63%, 05/12/25^(j)			200		193,500
Shinhan Financial Group Co. Ltd., 1.35%, 01/10/26^(j)			200		186,250
SNB Funding Ltd., 2.75%, 10/02/24^(j)			200		196,750
Standard Chartered PLC, (1-year CMT + 2.10%), 6.10%, 01/11/35^(a)(j)			200		205,374
State Street Corp., (1-day SOFR + 1.72%), 5.82%, 11/04/28^(a)(f)			2,925		3,010,426
Truist Financial Corp., (1-day SOFR + 2.05%), 6.05%, 06/08/27^(a)(f)			9,310		9,435,657
UBS Group AG, (1-year CMT + 1.55%), 4.49%, 05/12/26^(a)(b)			2,585		2,548,133
UniCredit SpA, (5-year CMT + 4.75%), 5.46%, 06/30/35^(a)(b)			6,135		5,761,095
United Overseas Bank Ltd., 1.25%, 04/14/26^(j)			200		185,500
Wells Fargo & Co.^(f)
5.61%, 01/15/44			4,119		4,057,720
(1-day SOFR + 1.51%), 3.53%, 03/24/28^(a)			4,075		3,878,541


					96,704,543
Beverages^(f)— 1.0%
Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc., 4.90%, 02/01/46			6,170		5,863,414
Anheuser-Busch InBev Worldwide, Inc., 5.55%, 01/23/49			5,000		5,213,189


					11,076,603
Biotechnology — 0.5%
Baxalta, Inc., 5.25%, 06/23/45^(f)			6,000		5,856,531


Broadline Retail — 0.1%
Alibaba Group Holding Ltd.
3.60%, 11/28/24			200		197,230
2.70%, 02/09/41^(f)			200		140,166
NMG Holding Co., Inc./Neiman Marcus Group LLC, 7.13%, 04/01/26^(b)			222		217,398


					554,794
Building Products — 1.1%
Advanced Drainage Systems, Inc.^(b)
5.00%, 09/30/27			173		167,828
6.38%, 06/15/30			724		727,747
Builders FirstSource, Inc., 6.38%, 03/01/34^(b)			274		275,131
Camelot Return Merger Sub, Inc., 8.75%, 08/01/28^(b)(f)			336		345,157
Lowe’s Cos., Inc., 5.63%, 04/15/53^(f)			4,345		4,388,482
Specialty Building Products Holdings LLC/SBP Finance Corp., 6.38%, 09/30/26^(b)			113		112,243
SRS Distribution, Inc.^(b)
4.63%, 07/01/28			904		910,609
6.13%, 07/01/29^(f)			1,165		1,188,010
6.00%, 12/01/29^(f)			1,003		1,024,571
White Cap Buyer LLC, 6.88%, 10/15/28^(b)(f)			2,246		2,202,985
White Cap Parent LLC, (8.25% Cash or 9.00% PIK), 8.25%, 03/15/26^(b)(f)(i)			290		289,718


					11,632,481
Capital Markets — 1.6%
Apollo Debt Solutions BDC, 6.90%, 04/13/29^(b)			4,525		4,567,948
Ares Capital Corp., 5.88%, 03/01/29^(f)			7,390		7,367,898


S C H E D U L E O F I N V E S T M E N T S		5

Schedule of Investments (unaudited) (continued)

March 31, 2024

BlackRock Credit Allocation Income Trust (BTZ)

(Percentages shown are based on Net Assets)


Security		Par (000)		Value

Capital Markets (continued)
Aretec Group, Inc., 10.00%, 08/15/30^(b)	USD		140	$	152,918
Compass Group Diversified Holdings LLC, 5.25%, 04/15/29^(b)(f)			447		424,709
Huarong Finance II Co. Ltd., 4.63%, 06/03/26^(j)			200		192,125
Icahn Enterprises LP/Icahn Enterprises Finance Corp.
6.25%, 05/15/26			788		760,676
5.25%, 05/15/27^(f)			2,860		2,584,699
9.75%, 01/15/29^(b)			426		444,659
4.38%, 02/01/29^(f)			374		318,870


					16,814,502
Chemicals — 2.5%
Axalta Coating Systems Dutch Holding B BV, 7.25%, 02/15/31^(b)			384		399,440
Axalta Coating Systems LLC, 3.38%, 02/15/29^(b)(f)			940		841,174
Axalta Coating Systems LLC/Axalta Coating Systems Dutch Holding B BV, 4.75%, 06/15/27^(b)			597		576,215
Bluestar Finance Holdings Ltd., 3.38%, 07/16/24^(j)			200		198,478
Chemours Co.
5.38%, 05/15/27			272		260,756
5.75%, 11/15/28^(b)			365		336,566
4.63%, 11/15/29^(b)			348		300,000
CNAC HK Finbridge Co. Ltd., 2.00%, 09/22/25^(j)			300		284,531
DuPont de Nemours, Inc., 5.42%, 11/15/48^(f)			7,500		7,494,049
Element Solutions, Inc., 3.88%, 09/01/28^(b)			3,039		2,787,825
GC Treasury Center Co. Ltd., 2.98%, 03/18/31^(j)			200		167,687
Herens Holdco SARL, 4.75%, 05/15/28^(b)			200		174,542
Illuminate Buyer LLC/Illuminate Holdings IV, Inc., 9.00%, 07/01/28^(b)(f)			445		438,992
Ingevity Corp., 3.88%, 11/01/28^(b)			100		90,317
LG Chem Ltd., 2.38%, 07/07/31^(j)			200		165,375
LYB Finance Co. BV, 8.10%, 03/15/27^(b)			6,000		6,382,162
Olympus Water U.S. Holding Corp., 9.75%, 11/15/28^(b)			1,466		1,561,608
Scotts Miracle-Gro Co.
4.50%, 10/15/29			45		40,725
4.00%, 04/01/31			250		215,584
4.38%, 02/01/32			187		161,220
SK Invictus Intermediate II SARL, 5.00%, 10/30/29^(b)			1,061		945,738
UPL Corp. Ltd., (5-year CMT + 3.87%), 5.25%^(a)(j)(k)			500		339,219
WR Grace Holdings LLC^(b)
4.88%, 06/15/27			224		212,885
5.63%, 08/15/29^(f)			2,575		2,304,340
7.38%, 03/01/31^(f)			373		377,686


					27,057,114
Commercial Services & Supplies^(b)— 2.6%
ADT Security Corp.
4.13%, 08/01/29			91		83,372
4.88%, 07/15/32			518		468,868
AerCap Global Aviation Trust, (3-mo. CME Term SOFR + 4.56%), 6.50%, 06/15/45^(a)			5,000		4,965,892
Allied Universal Holdco LLC, 7.88%, 02/15/31			1,430		1,448,300
Allied Universal Holdco LLC/Allied Universal Finance Corp.^(f)
6.63%, 07/15/26			2,200		2,198,554
9.75%, 07/15/27			3,786		3,797,373
6.00%, 06/01/29			200		172,085
Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 SARL, 4.63%, 06/01/28			2,588		2,357,149
APX Group, Inc., 5.75%, 07/15/29			555		533,633
Aramark Services, Inc., 5.00%, 02/01/28^(f)			686		662,109


Security		Par (000)		Value

Commercial Services & Supplies (continued)
Champions Financing, Inc., 8.75%, 02/15/29	USD		490	$	513,347
Fortress Transportation and Infrastructure Investors LLC
6.50%, 10/01/25			1,040		1,038,442
9.75%, 08/01/27			511		529,109
5.50%, 05/01/28^(f)			1,306		1,265,408
7.88%, 12/01/30			915		960,852
Garda World Security Corp.
4.63%, 02/15/27			194		185,889
9.50%, 11/01/27			165		165,397
7.75%, 02/15/28			860		881,921
6.00%, 06/01/29			148		132,467
Herc Holdings, Inc., 5.50%, 07/15/27^(f)			1,181		1,159,965
Mavis Tire Express Services Topco Corp., 6.50%, 05/15/29			310		294,838
Neptune Bidco U.S., Inc., 9.29%, 04/15/29			258		243,958
NESCO Holdings II, Inc., 5.50%, 04/15/29			356		336,812
Prime Security Services Borrower LLC/Prime Finance, Inc.
5.75%, 04/15/26			19		18,945
6.25%, 01/15/28^(f)			879		861,050
Sotheby’s/Bidfair Holdings, Inc., 5.88%, 06/01/29^(f)			882		741,332
United Rentals North America, Inc., 6.13%, 03/15/34			255		255,317
Williams Scotsman, Inc.
6.13%, 06/15/25			823		819,174
4.63%, 08/15/28			269		254,412
7.38%, 10/01/31			589		612,179


					27,958,149
Communications Equipment^(b)— 0.2%
CommScope, Inc., 4.75%, 09/01/29			417		300,240
Viasat, Inc.
5.63%, 09/15/25			612		596,582
5.63%, 04/15/27^(f)			821		777,446
7.50%, 05/30/31			74		53,620
Viavi Solutions, Inc., 3.75%, 10/01/29			227		194,764


					1,922,652
Construction & Engineering — 0.3%
Brand Industrial Services, Inc., 10.38%, 08/01/30^(b)			2,257		2,443,570
Dycom Industries, Inc., 4.50%, 04/15/29^(b)			26		24,304
Pike Corp., 8.63%, 01/31/31^(b)			126		133,896
Summit Digitel Infrastructure Ltd., 2.88%, 08/12/31^(f)(j)			200		166,688


					2,768,458
Construction Materials — 1.1%
American Builders & Contractors Supply Co., Inc., Series A, 3.88%, 11/15/29^(b)			24		21,574
BCPE Empire Holdings, Inc., 7.63%, 05/01/27^(b)			685		668,896
EMRLD Borrower LP/Emerald Co-Issuer, Inc.^(b)
6.38%, 12/15/30	EUR		240		271,818
6.63%, 12/15/30	USD		4,578		4,621,917
H&E Equipment Services, Inc., 3.88%, 12/15/28^(b)			132		120,844
Jeld-Wen, Inc., 4.63%, 12/15/25^(b)			328		320,057
Masonite International Corp., 5.38%, 02/01/28^(b)(f)			235		235,315
New Enterprise Stone & Lime Co., Inc., 5.25%, 07/15/28^(b)			163		156,153
Resideo Funding, Inc., 4.00%, 09/01/29^(b)			97		86,731
Smyrna Ready Mix Concrete LLC^(b)
6.00%, 11/01/28^(f)			1,146		1,120,051
8.88%, 11/15/31			1,013		1,082,787


6

Schedule of Investments (unaudited) (continued)

March 31, 2024

BlackRock Credit Allocation Income Trust (BTZ)

(Percentages shown are based on Net Assets)


Security		Par (000)		Value

Construction Materials (continued)
Standard Industries, Inc.
2.25%, 11/21/26^(j)	EUR		156	$	157,624
5.00%, 02/15/27^(b)	USD		412		399,651
4.75%, 01/15/28^(b)			26		24,814
4.38%, 07/15/30^(b)			1,443		1,296,601
3.38%, 01/15/31^(b)			393		329,516
Summit Materials LLC/Summit Materials Finance Corp.^(b)
5.25%, 01/15/29			90		87,699
7.25%, 01/15/31			659		684,956


					11,687,004
Consumer Finance — 1.9%
Block, Inc.
2.75%, 06/01/26^(f)			1,181		1,110,711
3.50%, 06/01/31			2,098		1,825,984
Bread Financial Holdings, Inc., 9.75%, 03/15/29^(b)			198		206,054
Ford Motor Credit Co. LLC
7.35%, 03/06/30			417		444,588
7.20%, 06/10/30			821		871,384
Global Payments, Inc., 5.95%, 08/15/52^(f)			4,547		4,536,173
GTCR W-2 Merger Sub LLC, 7.50%, 01/15/31^(b)(f)			1,442		1,509,504
Navient Corp.
5.50%, 03/15/29^(f)			480		446,926
9.38%, 07/25/30			414		442,889
OneMain Finance Corp.
6.88%, 03/15/25			50		50,523
7.13%, 03/15/26^(f)			843		858,297
6.63%, 01/15/28			295		295,948
9.00%, 01/15/29^(f)			573		608,017
5.38%, 11/15/29^(f)			1,233		1,159,282
7.88%, 03/15/30			576		594,185
4.00%, 09/15/30			141		120,674
Sabre GLBL, Inc.^(b)
8.63%, 06/01/27^(f)			489		429,108
11.25%, 12/15/27			73		68,511
Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc., 4.63%, 11/01/26^(b)			788		761,877
Shinhan Card Co. Ltd., 1.38%, 10/19/25^(j)			200		187,375
SLM Corp., 3.13%, 11/02/26			347		322,279
Verscend Escrow Corp., 9.75%, 08/15/26^(b)			3,791		3,801,649


					20,651,938
Consumer Staples Distribution & Retail — 2.3%
Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC^(b)
3.25%, 03/15/26^(f)			1,147		1,093,803
4.63%, 01/15/27			1,961		1,897,845
5.88%, 02/15/28			928		918,758
6.50%, 02/15/28			237		239,515
3.50%, 03/15/29			158		141,818
4.88%, 02/15/30^(f)			387		368,202
CK Hutchison International 21 Ltd., 2.50%, 04/15/31^(f)(j)			200		170,875
General Mills, Inc.^(f)
5.24%, 11/18/25			935		932,061
4.20%, 04/17/28			620		604,677
Kraft Heinz Foods Co.
4.25%, 03/01/31			68		65,014
5.00%, 07/15/35			214		210,993
7.13%, 08/01/39^(b)(f)			4,415		5,066,199
4.63%, 10/01/39			100		90,976
5.00%, 06/04/42			12		11,260


Security		Par (000)		Value

Consumer Staples Distribution & Retail (continued)
Kraft Heinz Foods Co. (continued)
4.38%, 06/01/46	USD		158	$	133,438
5.50%, 06/01/50^(f)			2,825		2,791,398
Lamb Weston Holdings, Inc.^(b)
4.88%, 05/15/28			460		447,090
4.13%, 01/31/30^(f)			515		469,578
4.38%, 01/31/32^(f)			643		576,589
Performance Food Group, Inc., 4.25%, 08/01/29^(b)			851		779,867
Post Holdings, Inc.^(b)
4.63%, 04/15/30^(f)			434		398,415
4.50%, 09/15/31			72		64,763
6.25%, 02/15/32			388		390,828
U.S. Foods, Inc.^(b)
6.88%, 09/15/28			132		135,123
4.75%, 02/15/29			595		564,806
4.63%, 06/01/30			67		62,155
7.25%, 01/15/32^(f)			338		351,767
United Natural Foods, Inc., 6.75%, 10/15/28^(b)			53		44,022
Walgreens Boots Alliance, Inc.
3.20%, 04/15/30^(f)			52		45,195
4.80%, 11/18/44			134		112,717
4.10%, 04/15/50			200		146,655
Walmart, Inc., 5.25%, 09/01/35^(f)			5,150		5,402,950


					24,729,352
Containers & Packaging — 1.3%
Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC^(b)
6.00%, 06/15/27			509		494,121
3.25%, 09/01/28			200		172,764
4.00%, 09/01/29^(f)			2,000		1,612,103
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc.
5.25%, 04/30/25^(b)			1,000		966,030
2.13%, 08/15/26^(j)	EUR		304		282,055
4.13%, 08/15/26^(b)	USD		500		452,357
5.25%, 08/15/27^(b)			200		126,000
Ball Corp., 3.13%, 09/15/31^(f)			234		198,864
Canpack SA/Canpack U.S. LLC, 3.13%, 11/01/25^(b)			228		217,482
Clydesdale Acquisition Holdings, Inc.^(b)(f)
6.63%, 04/15/29			287		286,769
8.75%, 04/15/30			1,046		1,027,736
Crown Americas LLC/Crown Americas Capital Corp. V, 4.25%, 09/30/26			224		217,004
LABL, Inc.^(b)
6.75%, 07/15/26			97		95,829
5.88%, 11/01/28			418		384,394
9.50%, 11/01/28			710		718,204
Mauser Packaging Solutions Holding Co.^(b)
7.88%, 08/15/26^(f)			4,571		4,656,711
9.25%, 04/15/27			102		101,188
OI European Group BV, 6.25%, 05/15/28^(b)	EUR		175		196,743
Owens-Brockway Glass Container, Inc.^(b)
6.63%, 05/13/27	USD		59		59,033
7.25%, 05/15/31^(f)			264		268,885
Sealed Air Corp.^(b)
4.00%, 12/01/27			109		102,166
5.00%, 04/15/29			86		82,549
Sealed Air Corp./Sealed Air Corp. U.S., 6.13%, 02/01/28^(b)			121		121,251


S C H E D U L E O F I N V E S T M E N T S		7

Schedule of Investments (unaudited) (continued)

March 31, 2024

BlackRock Credit Allocation Income Trust (BTZ)

(Percentages shown are based on Net Assets)


Security		Par (000)		Value

Containers & Packaging (continued)
Trivium Packaging Finance BV^(b)
5.50%, 08/15/26	USD		1,000	$	985,978
8.50%, 08/15/27			200		197,505


					14,023,721
Diversified Consumer Services — 0.3%
Service Corp. International
5.13%, 06/01/29			468		455,382
3.38%, 08/15/30			1,318		1,141,448
4.00%, 05/15/31			364		322,488
Wand NewCo 3, Inc., 7.63%, 01/30/32^(b)			867		896,675


					2,815,993
Diversified REITs — 2.0%
American Tower Corp., 3.60%, 01/15/28^(f)			4,000		3,779,040
Crown Castle, Inc.^(f)
3.65%, 09/01/27			8,000		7,583,483
4.15%, 07/01/50			820		655,210
Global Net Lease, Inc./Global Net Lease Operating Partnership LP, 3.75%, 12/15/27^(b)			197		168,570
GLP Capital LP/GLP Financing II, Inc., 3.25%, 01/15/32^(f)			725		610,325
HAT Holdings I LLC/HAT Holdings II LLC, 8.00%, 06/15/27^(b)			292		304,468
Iron Mountain Information Management Services, Inc., 5.00%, 07/15/32^(b)			534		487,687
MPT Operating Partnership LP/MPT Finance Corp.
2.50%, 03/24/26	GBP		100		107,681
5.25%, 08/01/26	USD		78		71,403
5.00%, 10/15/27			62		51,925
4.63%, 08/01/29			278		213,356
3.50%, 03/15/31			1,689		1,159,701
SBA Communications Corp.
3.13%, 02/01/29^(f)			3,003		2,650,164
3.88%, 02/15/27			30		28,533
VICI Properties LP, 5.13%, 05/15/32			3,155		3,017,749


					20,889,295
Diversified Telecommunication Services — 7.5%
AT&T, Inc.
4.65%, 06/01/44			28		24,658
4.35%, 06/15/45			95		80,951
3.50%, 09/15/53^(f)			15,960		11,260,139
Cablevision Lightpath LLC^(b)
3.88%, 09/15/27			368		330,422
5.63%, 09/15/28			540		450,640
Frontier Communications Holdings LLC^(b)
5.88%, 10/15/27			68		65,833
5.00%, 05/01/28			640		594,056
8.75%, 05/15/30			3,345		3,422,680
8.63%, 03/15/31			395		403,425
HKT Capital No. 4 Ltd., 3.00%, 07/14/26^(j)			200		189,688
Iliad Holding SASU^(b)
6.50%, 10/15/26^(f)			1,490		1,476,044
7.00%, 10/15/28			935		925,381
Level 3 Financing, Inc.^(b)
10.50%, 04/15/29			1,069		1,090,380
4.88%, 06/15/29			1,727		1,152,772
11.00%, 11/15/29			1,286		1,336,636
10.50%, 05/15/30			2,491		2,547,047
3.88%, 10/15/30			183		107,970
Lumen Technologies, Inc.^(b)
4.13%, 04/15/29			370		233,210
4.13%, 04/15/30			370		229,508


Security		Par (000)		Value

Diversified Telecommunication Services (continued)
Network i2i Ltd., (5-year CMT + 4.27%), 5.65%^(a)(j)(k)	USD		695	$	688,702
Sprint Capital Corp.^(f)
6.88%, 11/15/28			3,063		3,264,046
8.75%, 03/15/32			2,041		2,474,819
Telecom Italia Capital SA
6.38%, 11/15/33			249		235,570
6.00%, 09/30/34^(f)			895		818,615
7.20%, 07/18/36			69		67,351
7.72%, 06/04/38			117		117,199
Telecom Italia SpA/Milano, 5.30%, 05/30/24^(b)			1,062		1,056,223
Telefonica Emisiones SA, 5.21%, 03/08/47^(f)			5,000		4,600,770
Uniti Group LP/Uniti Group Finance, Inc./CSL Capital LLC, 10.50%, 02/15/28^(b)(f)			2,310		2,394,842
Verizon Communications, Inc.^(f)
6.40%, 09/15/33			9,475		10,308,427
6.55%, 09/15/43			13,225		14,984,603
5.01%, 04/15/49			6,998		6,941,972
Windstream Escrow LLC/Windstream Escrow Finance Corp., 7.75%, 08/15/28^(b)			138		127,729
Zayo Group Holdings, Inc.^(b)
4.00%, 03/01/27^(f)			6,970		5,737,307
6.13%, 03/01/28			1,070		748,753


					80,488,368
Electric Utilities — 4.4%
Abu Dhabi National Energy Co. PJSC, 4.38%, 04/23/25^(j)			200		197,600
China Huaneng Group Hong Kong Treasury Management Holding Ltd., 1.60%, 01/20/26^(j)			200		187,760
Continuum Energy Aura Pte Ltd., 9.50%, 02/24/27^(j)			200		207,875
Edison International, Series A, (5-year CMT + 4.70%), 5.38%^(a)(k)			217		209,988
Emera, Inc., Series 16-A, (3-mo. LIBOR US + 5.44%), 6.75%, 06/15/76^(a)			7,500		7,407,181
FirstEnergy Corp.
4.00%, 05/01/26^(b)(l)			612		608,328
2.65%, 03/01/30			73		62,752
Korea Western Power Co. Ltd., 4.13%, 06/28/25^(j)			200		196,625
LLPL Capital Pte Ltd., 6.88%, 02/04/39^(j)			155		153,775
Minejesa Capital BV, 4.63%, 08/10/30^(j)			186		176,430
Mong Duong Finance Holdings BV, 5.13%, 05/07/29^(j)			558		532,876
NextEra Energy Capital Holdings, Inc., (3-mo. LIBOR US + 2.41%), 4.80%, 12/01/77^(a)(f)			5,000		4,587,326
NextEra Energy Operating Partners LP^(b)
4.25%, 07/15/24			712		705,729
4.25%, 09/15/24			26		25,090
3.88%, 10/15/26			92		85,800
7.25%, 01/15/29			239		244,536
Oncor Electric Delivery Co. LLC, 5.30%, 06/01/42^(f)			2,750		2,742,928
Pacific Gas and Electric Co.
6.95%, 03/15/34			1,020		1,116,659
4.20%, 06/01/41^(f)			2,310		1,859,517
Pattern Energy Operations LP/Pattern Energy Operations, Inc., 4.50%, 08/15/28^(b)			542		505,223
Perusahaan Perseroan Persero PT Perusahaan Listrik Negara, 3.00%, 06/30/30^(j)			350		304,500
PG&E Corp.
4.25%, 12/01/27^(b)(l)			612		614,754
5.25%, 07/01/30			226		214,753
Progress Energy, Inc., 7.00%, 10/30/31^(f)			12,000		13,260,976
Sempra, (5-year CMT + 4.55%), 4.88%^(a)(k)			4,375		4,280,692


8

Schedule of Investments (unaudited) (continued)

March 31, 2024

BlackRock Credit Allocation Income Trust (BTZ)

(Percentages shown are based on Net Assets)


Security		Par (000)		Value

Electric Utilities (continued)
Southern California Edison Co., 5.88%, 12/01/53^(f)	USD		4,000	$	4,122,431
Star Energy Geothermal Darajat II/Star Energy Geothermal Salak, 4.85%, 10/14/38^(j)			200		185,250
State Grid Overseas Investment BVI Ltd.^(j)
1.00%, 08/05/25			200		188,806
3.50%, 05/04/27			200		192,588
Talen Energy Supply LLC, 8.63%, 06/01/30^(b)			202		216,009
Three Gorges Finance I Cayman Islands Ltd., 3.15%, 06/02/26^(j)			200		192,187

TransAlta Corp., 7.75%, 11/15/29			165		171,516
Vistra Operations Co. LLC^(b)
5.50%, 09/01/26			23		22,645
5.63%, 02/15/27			812		799,540
5.00%, 07/31/27			23		22,272
7.75%, 10/15/31			718		751,947


					47,354,864
Electrical Equipment^(b)— 0.2%
Regal Rexnord Corp., 6.40%, 04/15/33			510		528,934
WESCO Distribution, Inc.
7.25%, 06/15/28^(f)			1,043		1,064,838
6.38%, 03/15/29			313		316,218
6.63%, 03/15/32			315		320,099


					2,230,089
Electronic Equipment, Instruments & Components^(b)— 0.3%
Coherent Corp., 5.00%, 12/15/29^(f)			687		647,047
Imola Merger Corp., 4.75%, 05/15/29^(f)			573		537,274
Sensata Technologies BV, 4.00%, 04/15/29			207		189,009
Sensata Technologies, Inc.
4.38%, 02/15/30			2,150		1,956,813
3.75%, 02/15/31			416		359,841


					3,689,984
Energy Equipment & Services — 0.6%
Archrock Partners LP/Archrock Partners Finance Corp.^(b)
6.88%, 04/01/27			1,295		1,298,930
6.25%, 04/01/28			98		96,965
Borr IHC Ltd./Borr Finance LLC^(b)
10.00%, 11/15/28^(f)			252		262,080
10.38%, 11/15/30			272		282,880
Kodiak Gas Services LLC, 7.25%, 02/15/29^(b)(f)			757		771,071
Oceaneering International, Inc., 6.00%, 02/01/28			101		99,507
Seadrill Finance Ltd., 8.38%, 08/01/30^(b)			222		232,920
USA Compression Partners LP/USA Compression Finance Corp.
6.88%, 04/01/26			799		798,081
6.88%, 09/01/27			623		624,482
7.13%, 03/15/29^(b)			611		618,611
Weatherford International Ltd.^(b)
6.50%, 09/15/28			92		94,888
8.63%, 04/30/30^(f)			897		936,440


					6,116,855
Entertainment^(b)— 0.3%
Lions Gate Capital Holdings LLC, 5.50%, 04/15/29			388		296,834
Live Nation Entertainment, Inc.
4.88%, 11/01/24			136		135,088
6.50%, 05/15/27^(f)			2,284		2,308,962


Security		Par (000)		Value

Entertainment (continued)
Live Nation Entertainment, Inc. (continued)
4.75%, 10/15/27^(f)	USD		711	$	678,882
3.75%, 01/15/28			155		143,398


					3,563,164
Environmental, Maintenance & Security Service — 0.6%
Clean Harbors, Inc.^(b)
5.13%, 07/15/29			1,142		1,097,734
6.38%, 02/01/31			100		100,734
Covanta Holding Corp.
4.88%, 12/01/29^(b)			142		127,268
5.00%, 09/01/30			282		248,522
GFL Environmental, Inc.^(b)
4.25%, 06/01/25			6		5,902
3.75%, 08/01/25			443		431,461
4.00%, 08/01/28			36		33,180
3.50%, 09/01/28			376		344,413
4.75%, 06/15/29^(f)			558		524,765
4.38%, 08/15/29			508		468,007
6.75%, 01/15/31			958		981,771
Waste Pro USA, Inc., 5.50%, 02/15/26^(b)			1,975		1,945,135


					6,308,892
Financial Services — 0.9%
BOC Aviation Ltd., 1.75%, 01/21/26^(j)			200		187,208
China Cinda 2020 I Management Ltd.^(j)
3.25%, 01/28/27			200		188,004
3.00%, 03/18/27			200		185,708
CMB International Leasing Management Ltd., 1.88%, 08/12/25^(j)			200		190,187
Freedom Mortgage Holdings LLC, 9.25%, 02/01/29^(b)			85		86,993
GGAM Finance Ltd.^(b)
7.75%, 05/15/26			66		67,360
8.00%, 02/15/27			446		460,504
8.00%, 06/15/28			202		210,954
6.88%, 04/15/29^(h)			462		463,732
ICBCIL Finance Co. Ltd., 1.75%, 08/25/25^(j)			200		189,594
Jefferies Finance LLC/JFIN Co.-Issuer Corp., 5.00%, 08/15/28^(b)			475		436,804
JIC Zhixin Ltd., 3.50%, 11/24/27^(j)			200		189,608
Kodit Global Co. Ltd., Series 2023, Class 1, 4.95%, 05/25/26^(j)			200		198,166
Macquarie Airfinance Holdings Ltd.^(b)
6.40%, 03/26/29			90		91,424
8.13%, 03/30/29			433		457,950
6.50%, 03/26/31			230		234,101
MGIC Investment Corp., 5.25%, 08/15/28			337		327,359
Nationstar Mortgage Holdings, Inc.^(b)
5.00%, 02/01/26			2,402		2,350,608
6.00%, 01/15/27			524		516,566
5.13%, 12/15/30			85		77,119
5.75%, 11/15/31			436		402,145
PennyMac Financial Services, Inc., 7.88%, 12/15/29^(b)			401		412,046
Power Finance Corp. Ltd., 3.75%, 12/06/27^(j)			200		188,250
Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc.^(b)
2.88%, 10/15/26^(f)			1,095		1,011,696
3.88%, 03/01/31^(f)			545		474,804
4.00%, 10/15/33			116		98,263

					9,697,153


S C H E D U L E O F I N V E S T M E N T S		9

Schedule of Investments (unaudited) (continued)

March 31, 2024

BlackRock Credit Allocation Income Trust (BTZ)

(Percentages shown are based on Net Assets)


Security		Par (000)		Value

Food Products — 0.4%
Aramark International Finance SARL, 3.13%, 04/01/25^(j)	EUR		200	$	213,043
Chobani LLC/Chobani Finance Corp., Inc.^(b)
4.63%, 11/15/28	USD		675		629,463
7.63%, 07/01/29			1,660		1,682,825
Darling Global Finance BV, 3.63%, 05/15/26^(j)	EUR		100		106,267
Darling Ingredients, Inc., 6.00%, 06/15/30^(b)(f)	USD		714		707,576
Fiesta Purchaser, Inc., 7.88%, 03/01/31^(b)			210		216,867
Simmons Foods, Inc./Simmons Prepared Foods, Inc./Simmons Pet Food, Inc./Simmons Feed, 4.63%, 03/01/29^(b)			275		243,020


					3,799,061
Gas Utilities^(b)— 0.1%
AmeriGas Partners LP/AmeriGas Finance Corp., 9.38%, 06/01/28			453		469,086
Suburban Propane Partners LP/Suburban Energy Finance Corp., 5.00%, 06/01/31			237		216,069


					685,155
Ground Transportation — 2.3%
Avis Budget Car Rental LLC/Avis Budget Finance, Inc., 8.00%, 02/15/31^(b)			331		330,462
BNSF Funding Trust I, (3-mo. LIBOR US + 2.35%), 6.61%, 12/15/55^(a)(f)			6,125		6,075,700
CSX Corp., 3.80%, 04/15/50^(f)			770		601,301
GN Bondco LLC, 9.50%, 10/15/31^(b)(f)			458		457,181
Norfolk Southern Corp., 6.00%, 03/15/2105			12,700		12,165,682
RXO, Inc., 7.50%, 11/15/27^(b)			84		86,205
SF Holding Investment 2021 Ltd., 2.38%, 11/17/26^(j)			200		185,500
Uber Technologies, Inc.^(b)(f)
8.00%, 11/01/26			514		520,185
7.50%, 09/15/27			1,023		1,047,560
6.25%, 01/15/28			1,847		1,854,554
4.50%, 08/15/29			803		761,901


					24,086,231
Health Care Equipment & Supplies — 0.9%
Avantor Funding, Inc.
2.63%, 11/01/25^(j)	EUR		300		315,564
4.63%, 07/15/28^(b)(f)	USD		2,191		2,076,222
3.88%, 11/01/29^(b)			395		356,069
Bausch & Lomb Escrow Corp., 8.38%, 10/01/28^(b)			2,264		2,342,470
Medline Borrower LP^(b)
3.88%, 04/01/29			362		329,495
5.25%, 10/01/29^(f)			2,905		2,745,715
Medtronic, Inc., 4.63%, 03/15/45^(f)			647		607,611
Neogen Food Safety Corp., 8.63%, 07/20/30^(b)			328		353,339
Teleflex, Inc.
4.63%, 11/15/27			70		67,325
4.25%, 06/01/28^(b)(f)			637		597,735


					9,791,545
Health Care Providers & Services — 4.0%
Acadia Healthcare Co., Inc., 5.00%, 04/15/29^(b)			52		49,410
Aetna, Inc., 3.88%, 08/15/47^(f)			3,500		2,670,191
AHP Health Partners, Inc., 5.75%, 07/15/29^(b)			609		554,190
Catalent Pharma Solutions, Inc.^(b)
5.00%, 07/15/27			900		886,248
3.13%, 02/15/29			338		322,986
3.50%, 04/01/30			289		275,246
Charles River Laboratories International, Inc.^(b)
4.25%, 05/01/28			324		305,577


Security		Par (000)		Value

Health Care Providers & Services (continued)
Charles River Laboratories International, Inc.^(b)(continued)
4.00%, 03/15/31	USD		68	$	60,761
CHS/Community Health Systems, Inc.^(b)
5.63%, 03/15/27			238		219,055
6.00%, 01/15/29			1,469		1,283,316
5.25%, 05/15/30^(f)			993		809,704
4.75%, 02/15/31^(f)			791		610,452
Elevance Health, Inc., 4.55%, 03/01/48^(f)			5,000		4,395,193
Encompass Health Corp.
4.50%, 02/01/28			35		33,335
4.75%, 02/01/30^(f)			795		744,881
4.63%, 04/01/31			409		371,863
Fortrea Holdings, Inc., 7.50%, 07/01/30^(b)(f)			289		298,330
HCA, Inc.
5.38%, 09/01/26			359		358,916
5.63%, 09/01/28^(f)			833		843,351
5.25%, 06/15/49^(f)			3,500		3,194,545
HealthEquity, Inc., 4.50%, 10/01/29^(b)			1,134		1,046,271
IQVIA, Inc.^(b)
5.00%, 10/15/26			354		346,385
5.00%, 05/15/27^(f)			592		578,044
6.50%, 05/15/30			314		320,442
Legacy LifePoint Health LLC, 4.38%, 02/15/27^(b)			509		485,034
LifePoint Health, Inc.^(b)
9.88%, 08/15/30^(f)			374		391,220
11.00%, 10/15/30			685		732,122
Medline Borrower LP/Medline Co-Issuer, Inc., 6.25%, 04/01/29^(b)			622		624,785
ModivCare, Inc., 5.88%, 11/15/25^(b)(f)			478		465,501
Molina Healthcare, Inc.^(b)
4.38%, 06/15/28^(f)			659		619,479
3.88%, 11/15/30			491		436,536
3.88%, 05/15/32^(f)			198		172,403
Prime Healthcare Services, Inc., 7.25%, 11/01/25^(b)			69		68,635
RegionalCare Hospital Partners Holdings, Inc./LifePoint Health, Inc., 9.75%, 12/01/26^(b)			128		128,172
Star Parent, Inc., 9.00%, 10/01/30^(b)			1,128		1,193,769
Surgery Center Holdings, Inc.^(b)
6.75%, 07/01/25			188		188,019
10.00%, 04/15/27^(f)			524		524,965
7.25%, 04/15/32^(h)			897		903,966
Tenet Healthcare Corp.
6.13%, 06/15/30			243		242,443
6.75%, 05/15/31^(b)			3,342		3,402,925
UnitedHealth Group, Inc., 6.88%, 02/15/38^(f)			10,000		11,734,455


					42,893,121
Health Care Technology — 0.3%
AthenaHealth Group, Inc., 6.50%, 02/15/30^(b)(f)			3,280		2,999,949


Hotel & Resort REITs — 0.5%
RHP Hotel Properties LP/RHP Finance Corp.
4.75%, 10/15/27			146		140,570
7.25%, 07/15/28^(b)			485		499,460
4.50%, 02/15/29^(b)			1,704		1,591,112
6.50%, 04/01/32^(b)			1,132		1,135,821
RLJ Lodging Trust LP, 4.00%, 09/15/29^(b)			199		175,422
Service Properties Trust
7.50%, 09/15/25			242		245,262
8.63%, 11/15/31^(b)(f)			1,619		1,726,561


					5,514,208


10

Schedule of Investments (unaudited) (continued)

March 31, 2024

BlackRock Credit Allocation Income Trust (BTZ)

(Percentages shown are based on Net Assets)


Security		Par (000)		Value

Hotels, Restaurants & Leisure — 5.1%
Boyd Gaming Corp.
4.75%, 12/01/27	USD		254	$	244,687
4.75%, 06/15/31^(b)(f)			1,113		1,022,788
Boyne USA, Inc., 4.75%, 05/15/29^(b)			611		566,380
Burger King (Restaurant Brands International, Inc.)/New Red Finance, Inc.^(b)
3.88%, 01/15/28			1,128		1,060,111
4.38%, 01/15/28			2,509		2,373,341
4.00%, 10/15/30			176		156,816
Caesars Entertainment, Inc.^(b)
8.13%, 07/01/27^(f)			2,379		2,436,479
4.63%, 10/15/29^(f)			1,205		1,098,804
7.00%, 02/15/30^(f)			2,875		2,951,144
6.50%, 02/15/32			961		969,463
Carnival Corp.^(b)
7.63%, 03/01/26			273		276,210
5.75%, 03/01/27			1,011		1,000,623
4.00%, 08/01/28			325		301,126
6.00%, 05/01/29^(f)			1,470		1,450,463
7.00%, 08/15/29			242		252,402
Carnival Holdings Bermuda Ltd., 10.38%, 05/01/28^(b)			3,899		4,253,259
Cedar Fair LP/Canada’s Wonderland Co./Magnum Management Corp./Millennium Op, 5.50%, 05/01/25^(b)			408		406,309
Champion Path Holdings Ltd.^(j)
4.50%, 01/27/26			500		476,406
4.85%, 01/27/28			500		454,546
Churchill Downs, Inc.^(b)
5.50%, 04/01/27			1,730		1,698,061
4.75%, 01/15/28			730		694,934
5.75%, 04/01/30^(f)			1,506		1,453,744
6.75%, 05/01/31			554		557,095
Fertitta Entertainment LLC/Fertitta Entertainment Finance Co., Inc.^(b)
4.63%, 01/15/29			807		740,000
6.75%, 01/15/30			228		204,724
Fortune Star BVI Ltd.^(j)
5.95%, 10/19/25^(f)			269		245,521
5.00%, 05/18/26			344		295,518
Haidilao International Holding Ltd., 2.15%, 01/14/26^(j)			200		187,000
Hilton Domestic Operating Co., Inc.
3.75%, 05/01/29^(b)			356		326,588
4.88%, 01/15/30^(f)			833		798,681
4.00%, 05/01/31^(b)			248		221,654
3.63%, 02/15/32^(b)			12		10,332
6.13%, 04/01/32^(b)			291		292,238
Hilton Grand Vacations Borrower Escrow LLC/Hilton Grand Vacations Borrower Escrow Esc, 6.63%, 01/15/32^(b)			332		333,340
Las Vegas Sands Corp.
3.50%, 08/18/26			96		90,872
3.90%, 08/08/29			88		80,090
Life Time, Inc.^(b)
5.75%, 01/15/26			256		253,923
8.00%, 04/15/26			254		257,068
Light & Wonder International, Inc.^(b)
7.00%, 05/15/28			451		454,323
7.25%, 11/15/29^(f)			218		223,792
7.50%, 09/01/31			655		681,137
Lindblad Expeditions Holdings, Inc., 9.00%, 05/15/28^(b)			371		392,318
Lindblad Expeditions LLC, 6.75%, 02/15/27^(b)			480		483,713


Security		Par (000)		Value

Hotels, Restaurants & Leisure (continued)
Marriott International, Inc., Series EE, 5.75%, 05/01/25^(f)	USD		1,295	$	1,297,526
McDonald’s Corp., 4.20%, 04/01/50			480		400,818
Melco Resorts Finance Ltd.
4.88%, 06/06/25^(b)			200		195,000
5.75%, 07/21/28^(f)(j)			300		283,740
5.38%, 12/04/29^(b)			1,000		910,190
5.38%, 12/04/29^(j)			383		348,603
Merlin Entertainments Group US Holdings, Inc., 7.38%, 02/15/31^(b)			423		426,185
Merlin Entertainments Ltd., 5.75%, 06/15/26^(b)			440		435,916
MGM China Holdings Ltd.
5.88%, 05/15/26^(b)			200		197,250
5.88%, 05/15/26^(f)(j)			200		197,250
4.75%, 02/01/27^(b)			200		190,111
Midwest Gaming Borrower LLC/Midwest Gaming Finance Corp., 4.88%, 05/01/29^(b)			313		289,824
Motion Bondco DAC, 6.63%, 11/15/27^(b)			200		193,279
NCL Corp. Ltd.^(b)
5.88%, 03/15/26			244		240,865
8.38%, 02/01/28			206		217,603
8.13%, 01/15/29			171		180,950
7.75%, 02/15/29			294		305,253
NCL Finance Ltd., 6.13%, 03/15/28^(b)(f)			530		523,384
Ontario Gaming GTA LP, 8.00%, 08/01/30^(b)			236		243,074
Premier Entertainment Sub LLC/Premier Entertainment Finance Corp.^(b)
5.63%, 09/01/29			242		184,750
5.88%, 09/01/31			242		176,917
Raising Cane’s Restaurants LLC, 9.38%, 05/01/29^(b)			195		210,744
Royal Caribbean Cruises Ltd.^(b)
4.25%, 07/01/26			200		193,009
5.38%, 07/15/27^(f)			378		372,669
5.50%, 04/01/28			162		160,121
8.25%, 01/15/29			302		319,425
9.25%, 01/15/29^(f)			305		327,132
7.25%, 01/15/30			395		410,398
6.25%, 03/15/32			468		471,725
Scientific Games Holdings LP/Scientific Games U.S. FinCo, Inc., 6.63%, 03/01/30^(b)			410		396,366
Six Flags Entertainment Corp., 7.25%, 05/15/31^(b)(f)			1,423		1,441,654
Six Flags Theme Parks, Inc., 7.00%, 07/01/25^(b)			408		408,589
Station Casinos LLC^(b)
4.63%, 12/01/31			976		877,224
6.63%, 03/15/32			305		308,101
Studio City Co. Ltd., 7.00%, 02/15/27^(j)			200		200,188
Studio City Finance Ltd.^(j)
6.50%, 01/15/28			300		285,375
5.00%, 01/15/29			530		465,738
Sunny Express Enterprises Corp., 2.95%, 03/01/27^(j)			200		188,625
Vail Resorts, Inc., 6.25%, 05/15/25^(b)			303		303,080
Viking Cruises Ltd.^(b)
5.88%, 09/15/27^(f)			350		343,390
7.00%, 02/15/29			74		74,320
9.13%, 07/15/31^(f)			1,253		1,370,295
Viking Ocean Cruises Ship VII Ltd., 5.63%, 02/15/29^(b)			283		275,410
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp., 5.25%, 05/15/27^(b)			602		589,610
Wynn Macau Ltd.
4.88%, 10/01/24^(j)			200		198,250
5.50%, 01/15/26^(j)			230		223,314


S C H E D U L E O F I N V E S T M E N T S		11

Schedule of Investments (unaudited) (continued)

March 31, 2024

BlackRock Credit Allocation Income Trust (BTZ)

(Percentages shown are based on Net Assets)


Security		Par (000)		Value

Hotels, Restaurants & Leisure (continued)
Wynn Macau Ltd. (continued)
5.50%, 01/15/26^(b)	USD		200	$	194,186
5.63%, 08/26/28^(b)(f)			1,501		1,421,259
5.13%, 12/15/29^(b)			200		182,125
Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.^(b)
5.13%, 10/01/29			1,337		1,266,608
7.13%, 02/15/31^(f)			814		842,405


					54,487,846
Household Durables — 0.4%
Beazer Homes USA, Inc., 7.50%, 03/15/31^(b)			129		130,278
Brookfield Residential Properties, Inc./Brookfield Residential U.S. LLC, 4.88%, 02/15/30^(b)			699		626,954
CD&R Smokey Buyer, Inc., 6.75%, 07/15/25^(b)(f)			225		222,928
Dream Finders Homes, Inc., 8.25%, 08/15/28^(b)			168		175,375
Lennar Corp., 5.25%, 06/01/26^(f)			890		889,722
LGI Homes, Inc., 8.75%, 12/15/28^(b)			183		193,089
Mattamy Group Corp., 4.63%, 03/01/30^(b)			427		387,392
New Home Co., Inc.^(b)
8.25%, 10/15/27			24		24,955
9.25%, 10/01/29^(h)			324		325,620
PulteGroup, Inc.
5.00%, 01/15/27			55		54,779
7.88%, 06/15/32			56		64,959
STL Holding Co. LLC, 8.75%, 02/15/29^(b)			171		175,496
SWF Escrow Issuer Corp., 6.50%, 10/01/29^(b)(f)			201		148,650
Tempur Sealy International, Inc.^(b)
4.00%, 04/15/29			563		510,928
3.88%, 10/15/31			9		7,643
Toll Brothers Finance Corp., 4.35%, 02/15/28			35		33,824


					3,972,592

Household Products — 0.0%
Central Garden & Pet Co.
5.13%, 02/01/28			80		77,560
4.13%, 10/15/30^(f)			246		220,686
Spectrum Brands, Inc.^(b)
5.00%, 10/01/29			34		33,321
3.88%, 03/15/31			97		93,437


					425,004
Independent Power and Renewable Electricity Producers — 0.8%
Alexander Funding Trust II, 7.47%, 07/31/28^(b)			520		549,796
Calpine Corp.^(b)
5.25%, 06/01/26			379		375,077
5.13%, 03/15/28^(f)			2,807		2,694,000
5.00%, 02/01/31			136		124,752
Clearway Energy Operating LLC^(b)
4.75%, 03/15/28			747		710,056
3.75%, 01/15/32			307		258,090
Greenko Dutch BV, 3.85%, 03/29/26^(f)(j)			746		699,893
India Green Power Holdings, 4.00%, 02/22/27^(j)			653		606,966
JERA Co., Inc., 3.67%, 04/14/27^(j)			200		190,887
NextEra Energy Partners LP^(b)(l)
0.00%, 11/15/25^(m)			284		252,050
2.50%, 06/15/26			284		255,588
NRG Energy, Inc., 6.63%, 01/15/27			618		618,308
ReNew Pvt Ltd., 5.88%, 03/05/27^(j)			200		194,524
ReNew Wind Energy AP2/ReNew Power Pvt Ltd. other 9 Subsidiaries, 4.50%, 07/14/28^(j)			550		503,078


					8,033,065


Security		Par (000)		Value

Industrial Conglomerates — 0.0%
CITIC Ltd., 3.70%, 06/14/26^(j)	USD		200	$	193,448


Insurance — 5.7%
AIA Group Ltd., (5-year CMT + 1.76%), 2.70%^(a)(j)(k)			200		186,750
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer^(b)
4.25%, 10/15/27			41		38,600
6.75%, 10/15/27^(f)			2,734		2,693,602
6.75%, 04/15/28			961		967,783
5.88%, 11/01/29			27		25,083
7.00%, 01/15/31^(f)			1,435		1,449,377
Allstate Corp., Series B, (3-mo. CME Term SOFR + 3.20%), 8.51%, 08/15/53^(a)			5,000		5,001,480
AmWINS Group, Inc.^(b)
6.38%, 02/15/29			330		331,781
4.88%, 06/30/29			380		354,685
Aon Global Ltd., 4.25%, 12/12/42^(f)			6,500		5,320,160
Aon North America, Inc., 5.75%, 03/01/54^(f)			3,330		3,413,931
Ardonagh Finco Ltd., 7.75%, 02/15/31^(b)			987		982,545
Ardonagh Group Finance Ltd., 8.88%, 02/15/32^(b)			882		870,818
AssuredPartners, Inc., 7.50%, 02/15/32^(b)			544		534,564
Farmers Exchange Capital II, (3-mo. LIBOR US + 3.74%), 6.15%, 11/01/53^(a)(b)(f)			4,890		4,345,956
Guoren Property & Casualty Insurance Co. Ltd., 3.35%, 06/01/26^(j)			200		185,500
Howden UK Refinance PLC/Howden UK Refinance 2 PLC/Howden US Refinance LLC^(b)
7.25%, 02/15/31			2,447		2,456,242
8.13%, 02/15/32			1,360		1,371,542
HUB International Ltd.^(b)(f)
7.25%, 06/15/30			4,862		4,996,663
7.38%, 01/31/32			5,433		5,469,586
Jones Deslauriers Insurance Management, Inc.^(b)
8.50%, 03/15/30			816		850,582
10.50%, 12/15/30			400		422,092
NFP Corp.^(b)
4.88%, 08/15/28			105		105,238
6.88%, 08/15/28			401		406,118
7.50%, 10/01/30			170		179,096
8.50%, 10/01/31			304		334,570
Northwestern Mutual Life Insurance Co., 6.06%, 03/30/40^(b)(f)			12,000		12,644,069
Panther Escrow Issuer LLC, 7.13%, 06/01/31^(b)(h)			4,107		4,175,628
Ryan Specialty LLC, 4.38%, 02/01/30^(b)			226		211,226
USI, Inc./New York, 7.50%, 01/15/32^(b)			670		671,234


					60,996,501
Interactive Media & Services — 0.6%
Acuris Finance U.S., Inc./Acuris Finance SARL, 5.00%, 05/01/28^(b)			724		657,856
Baidu, Inc., 1.63%, 02/23/27			200		180,906
Netflix, Inc.
3.63%, 06/15/25^(b)			210		205,557
5.88%, 11/15/28^(f)			1,698		1,765,118
5.38%, 11/15/29^(b)			2,007		2,048,119
4.88%, 06/15/30^(b)			461		457,775
Northwest Fiber LLC/Northwest Fiber Finance Sub, Inc., 4.75%, 04/30/27^(b)			552		564,465
Tencent Holdings Ltd.^(j)
3.60%, 01/19/28			200		189,875
3.68%, 04/22/41^(f)			200		159,375
Weibo Corp., 3.50%, 07/05/24			200		198,518


					6,427,564


12

Schedule of Investments (unaudited) (continued)

March 31, 2024

BlackRock Credit Allocation Income Trust (BTZ)

(Percentages shown are based on Net Assets)


Security		Par (000)		Value

Internet Software & Services — 0.5%
ANGI Group LLC, 3.88%, 08/15/28^(b)	USD		432	$	374,984
Booking Holdings, Inc., 3.55%, 03/15/28^(f)			3,375		3,219,113
Go Daddy Operating Co. LLC/GD Finance Co., Inc., 3.50%, 03/01/29^(b)			777		700,776
Lyft, Inc., 0.63%, 03/01/29^(b)(l)			224		261,658
Match Group Holdings II LLC^(b)
4.13%, 08/01/30			383		340,772
3.63%, 10/01/31^(f)			217		184,396


					5,081,699
IT Services — 0.6%
CA Magnum Holdings
5.38%, 10/31/26^(b)			964		925,440
5.38%, 10/31/26^(j)			700		672,000
Camelot Finance SA, 4.50%, 11/01/26^(b)			1,348		1,296,987
Central Parent LLC/CDK Global II LLC/CDK Financing Co., Inc., 8.00%, 06/15/29^(b)			661		685,216
Central Parent, Inc./CDK Global, Inc., 7.25%, 06/15/29^(b)(f)			765		780,917
Fair Isaac Corp., 4.00%, 06/15/28^(b)			393		367,084
KBR, Inc., 4.75%, 09/30/28^(b)			93		85,519
Presidio Holdings, Inc., 4.88%, 02/01/27^(b)			73		70,805
Twilio, Inc.
3.63%, 03/15/29			259		232,951
3.88%, 03/15/31			558		487,128
Wipro IT Services LLC, 1.50%, 06/23/26^(j)			200		184,144
ZoomInfo Technologies LLC/ZoomInfo Finance Corp., 3.88%, 02/01/29^(b)			1,112		1,000,993


					6,789,184
Leisure Products — 0.1%
Acushnet Co., 7.38%, 10/15/28^(b)			124		128,498
Amer Sports Co., 6.75%, 02/16/31^(b)(f)			418		414,788
Mattel, Inc.
3.75%, 04/01/29^(b)			122		112,311
6.20%, 10/01/40			513		512,342


					1,167,939
Life Sciences Tools & Services — 0.1%
PRA Health Sciences, Inc., 2.88%, 07/15/26^(b)			707		659,136


Machinery^(b)— 1.0%
Chart Industries, Inc.
7.50%, 01/01/30^(f)			946		982,370
9.50%, 01/01/31			205		223,240
Esab Corp., 6.25%, 04/15/29^(h)			405		406,897
GrafTech Global Enterprises, Inc., 9.88%, 12/15/28^(f)			200		148,460
Husky III Holding Ltd., (13.00% Cash or 13.75% PIK), 13.00%, 02/15/25⁽ⁱ⁾			166		166,280
Husky Injection Molding Systems Ltd./Titan Co- Borrower LLC, 9.00%, 02/15/29			1,057		1,093,063
Madison IAQ LLC, 5.88%, 06/30/29^(f)			796		728,244
Roller Bearing Co. of America, Inc., 4.38%, 10/15/29			249		227,989
Terex Corp., 5.00%, 05/15/29			688		649,532
Titan Acquisition Ltd./Titan Co.-Borrower LLC, 7.75%, 04/15/26			1,659		1,657,026
TK Elevator Holdco GmbH, 7.63%, 07/15/28			596		584,337
TK Elevator U.S. Newco, Inc., 5.25%, 07/15/27^(f)			2,802		2,706,983
Vertiv Group Corp., 4.13%, 11/15/28			1,191		1,108,156


					10,682,577
Media — 7.2%
Altice Financing SA^(b)
9.63%, 07/15/27			491		469,636
5.75%, 08/15/29			1,080		865,341


Security		Par (000)		Value

Media (continued)
Banijay Entertainment SASU, 8.13%, 05/01/29^(b)	USD		200	$	206,278
Cable One, Inc.
0.00%, 03/15/26^(l)(m)			136		118,456
4.00%, 11/15/30^(b)			606		472,939
CCO Holdings LLC/CCO Holdings Capital Corp.^(b)
5.00%, 02/01/28			7		6,516
5.38%, 06/01/29			131		119,924
6.38%, 09/01/29^(f)			7,984		7,574,283
4.75%, 03/01/30^(f)			229		196,629
4.50%, 08/15/30			113		94,699
4.25%, 02/01/31			1,618		1,321,339
7.38%, 03/01/31^(f)			3,146		3,085,228
4.75%, 02/01/32			100		81,612
4.25%, 01/15/34			1,209		912,618
Charter Communications Operating LLC/Charter Communications Operating Capital
6.38%, 10/23/35			479		473,385
6.48%, 10/23/45			9,584		8,882,667
5.38%, 05/01/47			1,500		1,208,649
6.83%, 10/23/55			3,540		3,396,336
Clear Channel Outdoor Holdings, Inc.^(b)
5.13%, 08/15/27^(f)			2,099		1,978,591
7.75%, 04/15/28^(f)			1,309		1,146,422
9.00%, 09/15/28^(f)			4,791		4,990,377
7.88%, 04/01/30			954		948,425
Comcast Corp., 3.75%, 04/01/40^(f)			545		453,026
Cox Communications, Inc., 8.38%, 03/01/39^(b)(f)			5,000		5,950,175
CSC Holdings LLC^(b)
5.38%, 02/01/28			336		289,001
11.25%, 05/15/28^(f)			3,143		3,114,534
11.75%, 01/31/29			1,352		1,354,109
4.13%, 12/01/30^(f)			272		194,494
4.50%, 11/15/31			726		513,984
Directv Financing LLC/Directv Financing Co-Obligor, Inc., 5.88%, 08/15/27^(b)			1,309		1,238,361
Discovery Communications LLC, 4.88%, 04/01/43^(f)			4,000		3,288,270
DISH DBS Corp.^(b)
5.25%, 12/01/26			1,214		955,914
5.75%, 12/01/28			77		52,919
DISH Network Corp., 11.75%, 11/15/27^(b)			1,698		1,733,541
GCI LLC, 4.75%, 10/15/28^(b)			160		146,705
Gray Television, Inc.^(b)(f)
5.88%, 07/15/26			387		376,894
7.00%, 05/15/27			598		556,159
Hughes Satellite Systems Corp., 5.25%, 08/01/26			180		149,807
Interpublic Group of Cos., Inc., 5.40%, 10/01/48^(f)			2,215		2,078,845
LCPR Senior Secured Financing DAC, 6.75%, 10/15/27^(b)			860		807,126
Nexstar Media, Inc., 5.63%, 07/15/27^(b)			112		107,444
Outfront Media Capital LLC/Outfront Media Capital Corp.^(b)
5.00%, 08/15/27^(f)			998		960,535
4.25%, 01/15/29^(f)			489		443,023
4.63%, 03/15/30			176		157,842
7.38%, 02/15/31			412		431,539
Paramount Global, 5.85%, 09/01/43^(f)			1,300		1,053,319
Radiate Holdco LLC/Radiate Finance, Inc.^(b)
4.50%, 09/15/26			1,066		847,633
6.50%, 09/15/28			660		314,778
Sirius XM Radio, Inc.^(b)
3.13%, 09/01/26			62		58,077
5.00%, 08/01/27^(f)			651		626,316
Stagwell Global LLC, 5.63%, 08/15/29^(b)			209		189,794


S C H E D U L E O F I N V E S T M E N T S		13

Schedule of Investments (unaudited) (continued)

March 31, 2024

BlackRock Credit Allocation Income Trust (BTZ)

(Percentages shown are based on Net Assets)


Security		Par (000)		Value

Media (continued)
Sunrise FinCo I BV, 4.88%, 07/15/31^(b)(f)	USD		768	$	685,423
TEGNA, Inc., 4.75%, 03/15/26^(b)			64		62,746
Telenet Finance Luxembourg Notes SARL, 5.50%, 03/01/28^(b)			1,000		939,232
Time Warner Cable LLC, 6.55%, 05/01/37			3,519		3,326,395
Univision Communications, Inc.^(b)
6.63%, 06/01/27			325		317,861
8.00%, 08/15/28^(f)			1,698		1,729,856
7.38%, 06/30/30^(f)			242		239,300
Virgin Media Vendor Financing Notes IV DAC, 5.00%, 07/15/28^(b)			1,452		1,332,182
Ziggo Bond Co. BV, 6.00%, 01/15/27^(b)			955		941,221
Ziggo BV, 4.88%, 01/15/30^(b)			605		543,130


					77,111,860
Metals & Mining — 2.2%
ABJA Investment Co. Pte. Ltd., 5.45%, 01/24/28^(j)			306		305,235
Arsenal AIC Parent LLC^(b)
8.00%, 10/01/30			268		281,369
11.50%, 10/01/31			1,202		1,338,744
ATI, Inc.
5.88%, 12/01/27			374		368,258
7.25%, 08/15/30			764		789,688
5.13%, 10/01/31			656		607,731
Big River Steel LLC/BRS Finance Corp., 6.63%, 01/31/29^(b)			2,560		2,574,398
Carpenter Technology Corp.
6.38%, 07/15/28			26		25,956
7.63%, 03/15/30			108		111,418
Chinalco Capital Holdings Ltd., 2.13%, 06/03/26^(j)			200		186,688
Constellium SE^(b)
5.88%, 02/15/26			830		824,184
3.75%, 04/15/29^(f)			1,731		1,557,377
First Quantum Minerals Ltd., 9.38%, 03/01/29^(b)			826		856,876
JSW Steel Ltd., 3.95%, 04/05/27^(j)			500		465,000
Kaiser Aluminum Corp.^(b)
4.63%, 03/01/28			1,014		951,473
4.50%, 06/01/31^(f)			1,017		899,770
New Gold, Inc., 7.50%, 07/15/27^(b)			1,547		1,550,496
Novelis Corp.^(b)
3.25%, 11/15/26			599		558,136
4.75%, 01/30/30^(f)			3,350		3,090,786
3.88%, 08/15/31			1,265		1,086,642
Periama Holdings LLC, 5.95%, 04/19/26^(j)			200		197,563
Southern Copper Corp., 5.88%, 04/23/45^(f)			3,870		3,861,447
Steel Dynamics, Inc., 3.25%, 10/15/50			1,145		761,725
Vedanta Resources Finance II PLC^(j)
13.88%, 01/21/27			94		88,536
13.88%, 12/09/28			336		305,760


					23,645,256
Mortgage Real Estate Investment Trusts (REITs)^(b)— 0.1%
Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.
5.25%, 10/01/25			67		65,808
4.75%, 06/15/29			398		361,793
Starwood Property Trust, Inc.
4.38%, 01/15/27			70		65,846
7.25%, 04/01/29			250		251,990


					745,437


Security		Par (000)		Value

Oil, Gas & Consumable Fuels — 13.7%
Aethon United BR LP/Aethon United Finance Corp., 8.25%, 02/15/26^(b)	USD		521	$	527,012
Antero Midstream Partners LP/Antero Midstream Finance Corp.^(b)
5.75%, 03/01/27			95		93,810
5.75%, 01/15/28			127		125,044
5.38%, 06/15/29			1,095		1,053,018
6.63%, 02/01/32			417		418,821
Apache Corp., 5.35%, 07/01/49			172		145,392
Ascent Resources Utica Holdings LLC/ARU Finance Corp.^(b)
9.00%, 11/01/27			434		546,211
8.25%, 12/31/28^(f)			1,220		1,253,286
Baytex Energy Corp., 8.50%, 04/30/30^(b)			340		355,024
Buckeye Partners LP
4.13%, 03/01/25^(b)			594		580,371
5.85%, 11/15/43			383		326,308
5.60%, 10/15/44			191		152,652
Callon Petroleum Co.
6.38%, 07/01/26			245		247,604
8.00%, 08/01/28^(b)			203		212,123
7.50%, 06/15/30^(b)(f)			524		554,130
Chesapeake Energy Corp.^(b)
5.88%, 02/01/29			80		79,343
6.75%, 04/15/29^(f)			274		276,936
CITGO Petroleum Corp., 8.38%, 01/15/29^(b)(f)			733		770,120
Civitas Resources, Inc.^(b)
8.38%, 07/01/28			871		916,912
8.63%, 11/01/30^(f)			280		300,658
8.75%, 07/01/31			1,029		1,101,092
CNOOC Finance 2014 ULC, Series 2014, 4.88%, 04/30/44			250		242,812
CNOOC Finance 2015 USA LLC, Series 2015, 3.50%, 05/05/25			250		245,215
CNOOC Petroleum North America ULC, 6.40%, 05/15/37			2,000		2,247,500
CNX Resources Corp., 7.38%, 01/15/31^(b)			166		169,059
Comstock Resources, Inc.^(b)(f)
6.75%, 03/01/29			528		503,523
5.88%, 01/15/30			1,078		976,246
CQP Holdco LP/BIP-V Chinook Holdco LLC, 5.50%, 06/15/31^(b)			2,468		2,332,547
Crescent Energy Finance LLC^(b)
9.25%, 02/15/28			895		945,018
7.63%, 04/01/32			866		872,673
Devon Energy Corp.
5.25%, 09/15/24			100		99,754
5.25%, 10/15/27			130		130,110
5.88%, 06/15/28			204		205,046
4.50%, 01/15/30			117		112,771
Diamond Foreign Asset Co./Diamond Finance LLC, 8.50%, 10/01/30^(b)			318		335,620
Diamondback Energy, Inc.^(f)
3.50%, 12/01/29			692		640,126
6.25%, 03/15/33			2,880		3,070,324
DT Midstream, Inc.^(b)
4.13%, 06/15/29^(f)			591		543,325
4.38%, 06/15/31			568		514,394
Enbridge, Inc.
6.70%, 11/15/53^(f)			5,595		6,323,635
(3-mo. CME Term SOFR + 3.90%), 6.25%, 03/01/78^(a)			5,000		4,866,405


14

Schedule of Investments (unaudited) (continued)

March 31, 2024

BlackRock Credit Allocation Income Trust (BTZ)

(Percentages shown are based on Net Assets)


Security		Par (000)		Value

Oil, Gas & Consumable Fuels (continued)
Enbridge, Inc. (continued)
Series 16-A, (3-mo. CME Term SOFR + 4.15%), 6.00%, 01/15/77^(a)	USD		5,880	$	5,747,313
Endeavor Energy Resources LP/EER Finance, Inc., 5.75%, 01/30/28^(b)			518		522,199
Energy Transfer LP
5.50%, 06/01/27			406		408,513
8.00%, 04/01/29^(b)			142		147,388
7.38%, 02/01/31^(b)			417		436,190
6.13%, 12/15/45^(f)			3,579		3,597,416
Series B, (3-mo. LIBOR US + 4.16%), 6.63%^(a)(k)			5,000		4,669,511
Series H, (5-year CMT + 5.69%), 6.50%^(a)(k)			121		118,597
EnLink Midstream LLC
5.63%, 01/15/28^(b)(f)			530		524,953
5.38%, 06/01/29			368		361,289
6.50%, 09/01/30^(b)			287		295,273
EnLink Midstream Partners LP
4.85%, 07/15/26			35		34,312
5.60%, 04/01/44			568		505,718
Enterprise Products Operating LLC^(f)
4.90%, 05/15/46			5,375		5,023,027
Series E, (3-mo. CME Term SOFR + 3.29%), 5.25%, 08/16/77^(a)			4,800		4,554,749
EQM Midstream Partners LP
4.13%, 12/01/26			226		217,317
6.38%, 04/01/29^(b)			481		484,533
7.50%, 06/01/30^(b)			141		150,721
4.75%, 01/15/31^(b)(f)			802		745,824
Exxon Mobil Corp., 3.45%, 04/15/51^(f)			3,890		2,947,005
Genesis Energy LP/Genesis Energy Finance Corp.
7.75%, 02/01/28			393		395,023
8.25%, 01/15/29			463		475,314
8.88%, 04/15/30			270		282,623
Harbour Energy PLC, 5.50%, 10/15/26^(b)			200		195,247
Harvest Midstream I LP, 7.50%, 09/01/28^(b)			115		116,602
Hess Midstream Operations LP, 4.25%, 02/15/30^(b)			352		323,455
Hilcorp Energy I LP/Hilcorp Finance Co.^(b)
6.25%, 11/01/28			238		237,740
5.75%, 02/01/29			272		264,938
6.00%, 04/15/30			32		31,331
8.38%, 11/01/33			876		949,755
Howard Midstream Energy Partners LLC, 8.88%, 07/15/28^(b)			390		411,533
ITT Holdings LLC, 6.50%, 08/01/29^(b)(f)			711		648,858
Kinder Morgan, Inc.
7.80%, 08/01/31			197		223,361
7.75%, 01/15/32^(f)			4,586		5,204,461
Kinetik Holdings LP^(b)
6.63%, 12/15/28			133		135,361
5.88%, 06/15/30^(f)			179		175,085
Magnolia Oil & Gas Operating LLC/Magnolia Oil & Gas Finance Corp., 6.00%, 08/01/26^(b)			58		57,054
Marathon Petroleum Corp., 5.13%, 12/15/26^(f)			937		937,552
Matador Resources Co.
5.88%, 09/15/26			228		228,024
6.88%, 04/15/28^(b)			412		421,507
6.50%, 04/15/32^(b)(h)			437		437,530
Medco Bell Pte. Ltd., 6.38%, 01/30/27^(j)			300		292,219
Medco Laurel Tree Pte Ltd., 6.95%, 11/12/28^(j)			400		387,476
Medco Maple Tree Pte Ltd., 8.96%, 04/27/29^(j)			250		260,156
MPLX LP
5.20%, 03/01/47^(f)			3,500		3,201,661


Security		Par (000)		Value

Oil, Gas & Consumable Fuels (continued)
MPLX LP (continued)
4.70%, 04/15/48^(f)	USD		5,000	$	4,265,346
5.50%, 02/15/49^(f)			2,640		2,513,171
5.65%, 03/01/53			885		865,642
Murphy Oil Corp., 5.88%, 12/01/42			47		42,172
Nabors Industries Ltd.^(b)
7.25%, 01/15/26			121		120,251
7.50%, 01/15/28			788		739,078
Nabors Industries, Inc.^(b)
7.38%, 05/15/27			5		4,991
9.13%, 01/31/30			262		272,390
New Fortress Energy, Inc.^(b)
6.75%, 09/15/25			496		492,619
8.75%, 03/15/29			1,178		1,173,509
NGL Energy Operating LLC/NGL Energy Finance Corp.^(b)
8.13%, 02/15/29^(f)			726		743,556
8.38%, 02/15/32			1,470		1,506,907
NGPL PipeCo LLC, 7.77%, 12/15/37^(b)			1,117		1,244,535
Noble Finance II LLC, 8.00%, 04/15/30^(b)			486		506,242
Northern Oil & Gas, Inc.
8.13%, 03/01/28^(b)			1,220		1,238,287
3.63%, 04/15/29^(l)			212		258,110
8.75%, 06/15/31^(b)			470		496,302
NuStar Logistics LP, 6.00%, 06/01/26			163		162,272
Occidental Petroleum Corp., 6.20%, 03/15/40			568		582,838
PBF Holding Co. LLC/PBF Finance Corp., 7.88%, 09/15/30^(b)			269		279,025
Permian Resources Operating LLC^(b)
7.75%, 02/15/26			284		287,680
8.00%, 04/15/27			444		457,292
5.88%, 07/01/29			1,002		985,309
9.88%, 07/15/31			459		511,464
7.00%, 01/15/32^(f)			472		489,659
Pertamina Persero PT^(j)
1.40%, 02/09/26			250		231,660
2.30%, 02/09/31			200		165,272
Petroleos Mexicanos, 6.70%, 02/16/32			695		578,587
Petronas Capital Ltd.^(j)
2.48%, 01/28/32			200		167,088
4.50%, 03/18/45			200		177,022
Plains All American Pipeline LP, Series B, (3-mo. CME Term SOFR + 4.37%), 9.68%^(a)(k)			2,215		2,200,994
Prairie Acquiror LP, 9.00%, 08/01/29^(b)			269		276,920
Precision Drilling Corp., 6.88%, 01/15/29^(b)			18		17,967
Reliance Industries Ltd., 3.67%, 11/30/27^(j)			300		283,969
Rockcliff Energy II LLC, 5.50%, 10/15/29^(b)			376		351,868
Rockies Express Pipeline LLC, 6.88%, 04/15/40^(b)			580		569,207
Sabine Pass Liquefaction LLC^(f)
5.75%, 05/15/24			175		174,887
5.88%, 06/30/26			1,481		1,492,688
Sinopec Group Overseas Development 2018 Ltd., 2.30%, 01/08/31^(f)(j)			500		433,965
Sitio Royalties Operating Partnership LP/Sitio Finance Corp., 7.88%, 11/01/28^(b)(f)			574		593,689
SM Energy Co., 6.75%, 09/15/26			393		393,393
Southwestern Energy Co.
5.70%, 01/23/25			29		28,864
5.38%, 02/01/29			308		299,140
4.75%, 02/01/32			8		7,364
Sunoco LP/Sunoco Finance Corp.
5.88%, 03/15/28			317		313,968


S C H E D U L E O F I N V E S T M E N T S		15

Schedule of Investments (unaudited) (continued)

March 31, 2024

BlackRock Credit Allocation Income Trust (BTZ)

(Percentages shown are based on Net Assets)


Security		Par (000)		Value

Oil, Gas & Consumable Fuels (continued)
Sunoco LP/Sunoco Finance Corp. (continued)
7.00%, 09/15/28^(b)	USD		48	$	49,044
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.^(b)
6.00%, 03/01/27			150		147,663
5.50%, 01/15/28			108		104,056
7.38%, 02/15/29			672		676,017
6.00%, 12/31/30			70		66,495
6.00%, 09/01/31			239		223,047
Talos Production, Inc.^(b)
9.00%, 02/01/29			261		277,174
9.38%, 02/01/31			218		232,401
TransCanada PipeLines Ltd., 4.88%, 05/15/48^(f)			4,000		3,557,125
Transcanada Trust, (3-mo. LIBOR US + 3.53%), 5.63%, 05/20/75^(a)(f)			2,755		2,684,670
Transocean Aquila Ltd., 8.00%, 09/30/28^(b)			184		188,859
Transocean Titan Financing Ltd., 8.38%, 02/01/28^(b)			269		279,951
Transocean, Inc.^(b)
7.50%, 01/15/26			1,145		1,137,831
11.50%, 01/30/27			739		770,200
8.00%, 02/01/27			519		515,144
8.75%, 02/15/30^(f)			1,445		1,507,084
Valaris Ltd., 8.38%, 04/30/30^(b)			1,224		1,262,596
Venture Global Calcasieu Pass LLC^(b)
3.88%, 08/15/29			1,535		1,381,726
4.13%, 08/15/31			312		277,430
3.88%, 11/01/33			786		667,788
Venture Global LNG, Inc.^(b)
8.13%, 06/01/28			1,186		1,209,941
9.50%, 02/01/29			2,940		3,168,917
8.38%, 06/01/31			2,216		2,285,292
9.88%, 02/01/32			1,817		1,958,261
Vermilion Energy, Inc., 6.88%, 05/01/30^(b)			270		263,628
Vital Energy, Inc.
9.75%, 10/15/30^(f)			480		524,903
7.88%, 04/15/32^(b)			727		738,536
Western Midstream Operating LP, 5.25%, 02/01/50^(f)			137		122,550
Williams Cos., Inc.^(f)
4.55%, 06/24/24			527		525,595
8.75%, 03/15/32			2,478		2,981,024
5.10%, 09/15/45			5,075		4,695,371
Woodside Finance Ltd., 3.70%, 09/15/26^(j)			200		191,599


					146,866,761
Paper & Forest Products^(f)— 1.6%
International Paper Co.
8.70%, 06/15/38			4,000		4,949,137
7.30%, 11/15/39			10,000		11,651,435


					16,600,572
Passenger Airlines — 1.1%
Air Canada, 3.88%, 08/15/26^(b)			549		523,977
American Airlines, Inc., 8.50%, 05/15/29^(b)(f)			727		768,044
American Airlines, Inc./AAdvantage Loyalty IP Ltd., 5.75%, 04/20/29^(b)(f)			1,444		1,419,642
Mileage Plus Holdings LLC/Mileage Plus Intellectual Property Assets Ltd., 6.50%, 06/20/27^(b)(f)			812		816,375
Singapore Airlines Ltd.^(j)
3.00%, 07/20/26			200		190,134
5.25%, 03/21/34			200		201,188
Turkish Airlines Pass-Through Trust, Series 2015-1, Class A, 4.20%, 09/15/28^(b)			1,208		1,129,646


Security		Par (000)		Value

Passenger Airlines (continued)
United Airlines Pass-Through Trust, Series 2020-1, Class A, 5.88%, 04/15/29^(f)	USD		4,066	$	4,052,668
United Airlines, Inc.^(b)(f)
4.38%, 04/15/26			1,097		1,060,512
4.63%, 04/15/29			1,362		1,266,660
VistaJet Malta Finance PLC/Vista Management Holding, Inc., 7.88%, 05/01/27^(b)			192		162,322


					11,591,168
Personal Care Products — 0.0%
Coty, Inc./HFC Prestige Products, Inc./HFC Prestige International U.S. LLC, 6.63%, 07/15/30^(b)			378		383,856


Pharmaceuticals — 3.7%
1375209 BC Ltd., 9.00%, 01/30/28^(b)			550		539,001
AbbVie, Inc.^(f)
4.75%, 03/15/45			5,485		5,165,455
4.70%, 05/14/45			3,255		3,043,732
Bayer U.S. Finance LLC, 6.88%, 11/21/53^(b)			715		733,565
CVS Health Corp.^(f)
5.13%, 07/20/45			3,879		3,574,649
5.05%, 03/25/48			8,205		7,451,599
Jazz Securities DAC, 4.38%, 01/15/29^(b)			853		794,602
Merck & Co., Inc., 6.50%, 12/01/33^(f)			6,420		7,287,893
Option Care Health, Inc., 4.38%, 10/31/29^(b)(f)			461		422,672
Organon & Co./Organon Foreign Debt Co-Issuer BV^(b)(f)
4.13%, 04/30/28			1,633		1,521,779
5.13%, 04/30/31			400		355,643
Prestige Brands, Inc., 3.75%, 04/01/31^(b)			233		202,861
Takeda Pharmaceutical Co. Ltd., 2.05%, 03/31/30^(f)			8,270		7,012,528
Teva Pharmaceutical Finance Netherlands III BV
3.15%, 10/01/26			1,174		1,094,368
4.75%, 05/09/27			200		192,356
7.88%, 09/15/29			451		482,822
8.13%, 09/15/31			200		218,298


					40,093,823
Professional Services^(b)— 0.2%
CoreLogic, Inc., 4.50%, 05/01/28^(f)			1,488		1,334,234
Dun & Bradstreet Corp., 5.00%, 12/15/29			592		546,453


					1,880,687
Real Estate Management & Development — 0.6%
Anywhere Real Estate Group LLC/Anywhere Co.- Issuer Corp.
7.00%, 04/15/30^(b)			408		363,652
Series AI, 7.00%, 04/15/30			320		284,938
AYC Finance Ltd., 3.90%^(j)(k)			300		190,031
China Overseas Finance Cayman VII Ltd., 4.75%, 04/26/28^(j)			200		193,432
China Resources Land Ltd., 3.75%, 08/26/24^(j)			200		198,062
Cushman & Wakefield U.S. Borrower LLC, 8.88%, 09/01/31^(b)			216		228,261
Fantasia Holdings Group Co. Ltd., 7.95%, 07/05/22^(d)(j)(n)			1,050		15,750
Howard Hughes Corp.^(b)
5.38%, 08/01/28			399		382,711
4.13%, 02/01/29			176		158,181
New Metro Global Ltd., 4.50%, 05/02/26^(j)			349		106,445
Northwest Florida Timber Finance LLC, 4.75%, 03/04/29^(b)			4,485		4,159,229
Shimao Group Holdings Ltd., 3.45%, 01/11/31^(d)(j)(n)			200		6,000
Sinochem Offshore Capital Co. Ltd., 1.50%, 09/23/26^(j)			200		181,937


16

Schedule of Investments (unaudited) (continued)

March 31, 2024

BlackRock Credit Allocation Income Trust (BTZ)

(Percentages shown are based on Net Assets)


Security		Par (000)		Value

Real Estate Management & Development (continued)
Sunac China Holdings Ltd.^(i)(j)
(1.00 % PIK), 1.00%, 09/30/32^(l)	USD		22	$	1,392
(5.00% Cash or 6.00% PIK), 6.00%, 09/30/26			18		1,994
(5.25% Cash or 6.25% PIK), 6.25%, 09/30/27			18		1,764
(5.50% Cash or 6.50% PIK), 6.50%, 09/30/27			36		3,084
(5.75% Cash or 6.75% PIK), 6.75%, 09/30/28			53		4,095
(6.00% Cash or 7.00% PIK), 7.00%, 09/30/29			53		3,589
(6.25% Cash or 7.25% PIK), 7.25%, 09/30/30			25		1,487
Theta Capital Pte. Ltd., 8.13%, 01/22/25^(j)			200		189,954
Wharf REIC Finance BVI Ltd., 2.88%, 05/07/30^(j)			200		176,103
Yango Justice International Ltd.^(d)(j)(n)
8.25%, 11/25/23			200		500
7.50%, 04/15/24			200		500


					6,853,091
Retail REITs — 0.0%
Brookfield Property REIT, Inc./BPR Cumulus LLC/BPR Nimbus LLC/GGSI Sellco LLC, 4.50%, 04/01/27^(b)			328		299,383


Semiconductors & Semiconductor Equipment — 2.3%
Broadcom, Inc., 5.00%, 04/15/30^(f)			10,970		11,019,739
Entegris, Inc.^(b)
4.38%, 04/15/28			120		112,784
4.75%, 04/15/29			258		247,256
Lam Research Corp., 4.88%, 03/15/49^(f)			875		833,279
NCR Atleos Corp., 9.50%, 04/01/29^(b)			355		379,711
NVIDIA Corp.^(f)
3.50%, 04/01/50			2,785		2,217,190
3.70%, 04/01/60			1,760		1,402,697
NXP BV/NXP Funding LLC/NXP USA, Inc.
4.40%, 06/01/27			750		735,128
3.40%, 05/01/30^(f)			1,755		1,591,043
QUALCOMM, Inc.^(f)
4.30%, 05/20/47			3,500		3,085,864
6.00%, 05/20/53			1,993		2,227,688
Synaptics, Inc., 4.00%, 06/15/29^(b)			16		14,400
TSMC Global Ltd., 2.25%, 04/23/31^(j)			250		211,953


					24,078,732
Software — 2.2%
Boxer Parent Co., Inc.^(b)
7.13%, 10/02/25			764		764,682
9.13%, 03/01/26			392		391,855
Capstone Borrower, Inc., 8.00%, 06/15/30^(b)			453		470,054
Clarivate Science Holdings Corp.^(b)(f)
3.88%, 07/01/28			1,831		1,694,027
4.88%, 07/01/29			1,122		1,037,997
Cloud Software Group, Inc.^(b)
6.50%, 03/31/29			4,647		4,409,824
9.00%, 09/30/29^(f)			2,517		2,414,098
Elastic NV, 4.13%, 07/15/29^(b)			718		646,132
Helios Software Holdings, Inc./ION Corporate Solutions Finance SARL, 4.63%, 05/01/28^(b)			205		183,941
McAfee Corp., 7.38%, 02/15/30^(b)(f)			779		714,379
MicroStrategy, Inc., 6.13%, 06/15/28^(b)			180		173,651
Open Text Corp., 6.90%, 12/01/27^(b)			808		835,464
Oracle Corp.^(f)
3.95%, 03/25/51			4,425		3,371,567
5.55%, 02/06/53			1,280		1,252,140
Playtika Holding Corp., 4.25%, 03/15/29^(b)			114		98,691
PTC, Inc.^(b)
3.63%, 02/15/25			166		162,534


Security		Par (000)		Value

Software (continued)
PTC, Inc.^(b)(continued)
4.00%, 02/15/28	USD		365	$	341,118
SS&C Technologies, Inc., 5.50%, 09/30/27^(b)(f)			3,719		3,636,280
Veritas U.S., Inc./Veritas Bermuda Ltd., 7.50%, 09/01/25^(b)			447		409,838


					23,008,272
Specialized REITs^(b)— 0.2%
Iron Mountain, Inc.
4.88%, 09/15/27			606		585,906
7.00%, 02/15/29			925		942,627
5.63%, 07/15/32			493		465,680


					1,994,213
Specialty Retail^(b)— 0.2%
eG Global Finance PLC, 12.00%, 11/30/28			418		444,307
PetSmart, Inc./PetSmart Finance Corp.
4.75%, 02/15/28			481		450,334
7.75%, 02/15/29^(f)			1,567		1,525,541


					2,420,182
Technology Hardware, Storage & Peripherals — 0.5%
Dell International LLC/EMC Corp.^(f)
5.85%, 07/15/25			2,395		2,407,069
8.35%, 07/15/46			1,005		1,299,947
Seagate HDD Cayman^(b)
8.25%, 12/15/29			726		780,061
8.50%, 07/15/31			701		757,545


					5,244,622
Textiles, Apparel & Luxury Goods^(b)— 0.1%
Crocs, Inc., 4.13%, 08/15/31			244		211,409
Hanesbrands, Inc., 4.88%, 05/15/26^(f)			196		190,831
Levi Strauss & Co., 3.50%, 03/01/31			523		458,825
William Carter Co., 5.63%, 03/15/27			365		362,521


					1,223,586
Tobacco — 2.2%
Altria Group, Inc., 10.20%, 02/06/39			13,392		18,775,901
BAT Capital Corp., 4.54%, 08/15/47^(f)			3,000		2,316,271
Reynolds American, Inc., 5.85%, 08/15/45^(f)			2,335		2,165,821


					23,257,993
Trading Companies & Distributors^(b)— 0.1%
Beacon Roofing Supply, Inc.
4.13%, 05/15/29			23		20,861
6.50%, 08/01/30			373		378,495
GYP Holdings III Corp., 4.63%, 05/01/29			350		325,388


					724,744
Transportation Infrastructure^(j)— 0.1%
CK Hutchison International 23 Ltd.
4.75%, 04/21/28^(f)			400		396,500
4.88%, 04/21/33			400		396,500
CMHI Finance BVI Co. Ltd., (5-year CMT + 6.62%), 3.88%^(a)(k)			200		193,500
Shanghai Port Group BVI Development 2 Co. Ltd., 1.50%, 07/13/25			200		190,233


					1,176,733
Wireless Telecommunication Services — 1.2%
Altice France SA/France^(b)
5.13%, 01/15/29			1,546		1,058,708
5.13%, 07/15/29			1,196		808,536
5.50%, 10/15/29			200		135,747


S C H E D U L E O F I N V E S T M E N T S		17

Schedule of Investments (unaudited) (continued)

March 31, 2024

BlackRock Credit Allocation Income Trust (BTZ)

(Percentages shown are based on Net Assets)


Security		Par (000)		Value

Wireless Telecommunication Services (continued)
Connect Finco SARL/Connect U.S. Finco LLC, 6.75%, 10/01/26^(b)(f)	USD		2,509	$	2,459,510
Digicel Intermediate Holdings Ltd./Digicel International Finance Ltd/Difl U.S., (3.00% PIK), 12.00%, 05/25/27⁽ⁱ⁾			662		646,349
Globe Telecom, Inc., (5-year CMT + 5.53%), 4.20%^(a)(j)(k)			700		672,438
Sprint LLC, 7.63%, 03/01/26			1,096		1,132,320
T-Mobile U.S., Inc.
4.75%, 02/01/28^(f)			1,013		999,557
2.63%, 02/15/29			438		391,969
3.38%, 04/15/29^(f)			676		625,185
2.88%, 02/15/31^(f)			235		204,085
3.50%, 04/15/31^(f)			990		894,046
5.05%, 07/15/33^(f)			2,000		1,978,289
Vmed O2 U.K. Financing I PLC^(b)
4.75%, 07/15/31			934		805,000
7.75%, 04/15/32^(h)			276		276,799


					13,088,538


Total Corporate Bonds — 112.2% (Cost: $1,214,634,880)					1,200,125,448


Floating Rate Loan Interests^(a)

Aerospace & Defense — 0.3%
Bleriot U.S. Bidco, Inc., 2023 Term Loan B, (3-mo. CME Term SOFR + 4.26%), 9.57%, 10/31/28			62		61,730
Cobham Ultra SeniorCo SARL, USD Term Loan B, (6-mo. CME Term SOFR at 0.50% Floor + 3.50%), 9.01%, 08/03/29			160		157,248
Cubic Corp.
Term Loan B, (3-mo. CME Term SOFR at 0.75% Floor + 4.51%), 9.85%, 05/25/28			508		474,206
Term Loan C, (3-mo. CME Term SOFR at 0.75% Floor + 4.51%), 9.85%, 05/25/28			78		73,117
Dynasty Acquisition Co., Inc., 2024 Term Loan B1, (1-mo. CME Term SOFR + 3.50%), 8.83%, 08/24/28			456		457,041
Ovation Parent, Inc., 2024 Term Loan, 03/27/31^(o)			52		52,033
Peraton Corp.
2nd Lien Term Loan B1, (3-mo. CME Term SOFR + 7.85%), 13.18%, 02/01/29			112		112,563
Term Loan B, (1-mo. CME Term SOFR at 0.75% Floor + 3.85%), 9.18%, 02/01/28			596		594,747
Setanta Aircraft Leasing DAC, Term Loan B, (3-mo. CME Term SOFR + 2.26%), 7.56%, 11/05/28			150		150,219
Standard Aero Ltd., 2024 Term Loan B2, (1-mo. CME Term SOFR + 3.50%), 8.83%, 08/24/28			176		176,224
TransDigm, Inc.
2023 Term Loan J, (1-mo. CME Term SOFR at 1.00% Floor + 3.25%), 8.56%, 02/28/31			119		119,253
2024 Term Loan I, (3-mo. CME Term SOFR + 2.75%), 8.07%, 08/24/28			312		313,503
2024 Term Loan K, 02/22/30^(o)			41		41,060


					2,782,944


Security		Par (000)			Value

Air Freight & Logistics — 0.0%
Rand Parent LLC, 2023 Term Loan B, (3-mo. CME Term SOFR + 4.25%), 9.56%, 03/17/30	USD		78		$	78,359


Automobile Components — 0.0%
Clarios Global LP, 2024 Term Loan B, (1-mo. CME Term SOFR + 3.00%), 8.33%, 05/06/30			317			317,750
Tenneco, Inc., 2022 Term Loan B, (3-mo. CME Term SOFR + 5.10%), 10.42%, 11/17/28			166			155,929


						473,679
Automobiles — 0.0%
Dealer Tire Financial LLC, 2024 Term Loan B3, (1-mo. CME Term SOFR at 0.50% Floor + 3.75%), 9.08%, 12/14/27^(c)			220			221,871
RVR Dealership Holdings LLC, Term Loan B, (1-mo. CME Term SOFR at 0.75% Floor + 3.85%), 9.18%, 02/08/28			22			20,282


						242,153
Banks — 0.0%
Ascensus Holdings, Inc., Term Loan, (1-mo. CME Term SOFR + 3.61%), 8.94%, 08/02/28			435			433,176


Beverages — 0.1%
Naked Juice LLC
2nd Lien Term Loan, (3-mo. CME Term SOFR + 6.10%), 11.40%, 01/24/30			226			181,540
Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 3.35%), 8.66%, 01/24/29			655			611,686
Triton Water Holdings, Inc., Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 3.51%), 8.81%, 03/31/28			156			154,583


						947,809
Broadline Retail — 0.1%
New SK Holdco Sub LLC, 2022 PIK Term Loan, (3-mo. CME Term SOFR at 0.75% Floor + 8.50%), 13.82%, 06/30/27			—	^(p)		1
Sally Holdings LLC, 2023 CovLite Term Loan B, (1-mo. CME Term SOFR + 2.25%), 7.58%, 02/28/30			72			72,180
StubHub Holdco Sub LLC, 2024 Extended Term Loan B, (3-mo. CME Term SOFR + 4.75%), 10.08%, 03/15/30			561			560,928


						633,109
Building Products — 0.1%
AZZ, Inc., Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.25%), 8.58%, 05/13/29			34			34,669
Beacon Roofing Supply, Inc., 2024 Term Loan B, 05/19/28^(o)			224			223,676
Foundation Building Materials, Inc., 2024 Term Loan B2, (1-mo. CME Term SOFR + 4.00%), 9.31%, 01/29/31			264			264,924
LBM Acquisition LLC, Term Loan B, (1-mo. CME Term SOFR at 0.75% Floor + 3.85%), 9.18%, 12/17/27			96			95,425
SRS Distribution, Inc.
2021 Term Loan B, (1-mo. CME Term SOFR + 3.61%), 8.94%, 06/02/28			444			446,805


18

Schedule of Investments (unaudited) (continued)

March 31, 2024

BlackRock Credit Allocation Income Trust (BTZ)

(Percentages shown are based on Net Assets)


Security		Par (000)		Value

Building Products (continued)
SRS Distribution, Inc. (continued)
2022 Incremental Term Loan, (1-mo. CME Term SOFR + 3.35%), 8.68%, 06/02/28	USD		67	$	67,021
White Cap Buyer LLC, Term Loan B, (1-mo. CME Term SOFR + 3.75%), 9.08%, 10/19/27			191		191,941


					1,324,461
Capital Markets — 0.2%
Aretec Group, Inc., 2023 Incremental Term Loan, (1-mo. CME Term SOFR + 4.60%), 9.93%, 08/09/30			75		74,997
Axalta Coating Systems U.S. Holdings, Inc., 2024 Term Loan B6, (3-mo. CME Term SOFR at 0.50% Floor + 2.00%), 7.33%, 12/20/29			179		179,042
Azalea Topco, Inc., Term Loan, (1-mo. CME Term SOFR + 3.61%), 8.83%, 07/24/26			263		261,542
Castlelake Aviation One DAC
2023 Incremental Term Loan B, (3-mo. CME Term SOFR + 2.75%), 8.08%, 10/22/27			80		80,021
Term Loan B, (3-mo. CME Term SOFR + 2.50%), 7.83%, 10/22/26			253		253,335
Focus Financial Partners LLC
2021 Term Loan B4, (1-mo. CME Term SOFR at 0.50% Floor + 2.50%), 7.83%, 06/30/28			182		180,890
2024 Term Loan B7, (1-mo. CME Term SOFR at 0.50% Floor + 2.75%), 8.08%, 06/30/28			168		167,705
ION Trading Finance Ltd., 2021 USD Term Loan, (3-mo. CME Term SOFR + 4.85%), 10.15%, 04/01/28			73		73,147
Osaic Holdings, Inc.
2023 Term Loan B, (1-mo. CME Term SOFR + 4.50%), 9.83%, 08/17/28			268		268,491
2024 Term Loan, 08/17/28^(o)			7		7,023


					1,546,193
Chemicals — 0.3%
Arc Falcon I, Inc., 2021 Term Loan, (1-mo. CME Term SOFR + 3.60%), 8.93%, 09/30/28			213		212,974
Aruba Investments Holdings LLC, 2020 USD Term Loan, (1-mo. CME Term SOFR at 0.75% Floor + 4.10%), 13.43%, 11/24/27			73		73,033
Ascend Performance Materials Operations LLC, 2021 Term Loan B, (3-mo. CME Term SOFR at 0.75% Floor + 4.85%), 10.07%, 08/27/26			74		72,607
Chemours Co., 2023 USD Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.50%), 8.83%, 08/18/28			147		146,524
Derby Buyer LLC, USD Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 4.25%), 9.58%, 11/01/30			278		279,476
Ecovyst Catalyst Technologies LLC, 2021 Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 2.60%), 7.91%, 06/09/28			184		183,433
Element Solutions, Inc., 2023 Term Loan B, (1-mo. CME Term SOFR + 2.00%), 7.33%, 12/18/30			246		246,377
HB Fuller Co., 2024 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 2.00%), 7.33%, 02/15/30			77		76,679
Herens U.S. Holdco Corp., USD Term Loan B, (3-mo. CME Term SOFR + 4.03%), 9.33%, 07/03/28			137		128,492


Security		Par (000)		Value

Chemicals (continued)
INEOS U.S. Finance LLC, 2023 USD Term Loan B, (1-mo. CME Term SOFR + 3.60%), 8.93%, 02/18/30	USD		72	$	71,358
LSF11 A5 Holdco LLC
2023 Incremental Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 4.35%), 9.68%, 10/15/28			37		36,741
Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.61%), 8.94%, 10/15/28			199		199,205
Momentive Performance Materials Inc., 2023 Term Loan, (1-mo. CME Term SOFR + 4.50%), 9.83%, 03/29/28			284		279,226
Nouryon USA LLC, 2023 USD Term Loan B, (3-mo. CME Term SOFR + 4.10%), 9.42%, 04/03/28			113		113,315
Olympus Water US Holding Corp., 2024 Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 4.25%), 9.57%, 11/09/28			111		110,796
OQ Chemicals Corp., 2017 USD Term Loan B2, (3- mo. CME Term SOFR + 3.70%), 8.93%, 10/14/24			201		196,443
SCIH Salt Holdings, Inc., 2021 Incremental Term Loan B, (1-mo. CME Term SOFR at 0.75% Floor + 4.11%), 9.44%, 03/16/27			79		79,000
Sparta U.S. HoldCo LLC, 2021 Term Loan, (1-mo. CME Term SOFR + 3.36%), 8.69%, 08/02/28			217		216,866
WR Grace Holdings LLC, 2021 Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 4.01%), 9.32%, 09/22/28			198		198,153


					2,920,698
Commercial Services & Supplies — 0.3%
Action Environmental Group, Inc., 2023 Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 4.50%), 9.82%, 10/24/30^(c)			75		74,997
Allied Universal Holdco LLC
2021 USD Incremental Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.85%), 9.18%, 05/12/28			378		377,731
2023 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 4.75%), 10.08%, 05/12/28			41		40,875
Amentum Government Services Holdings LLC, 2022 Term Loan, (1-mo. CME Term SOFR + 4.00%), 9.33%, 02/15/29			53		53,121
Aramark Services, Inc.
2024 Term Loan B8, (3-mo. CME Term SOFR + 2.00%), 7.33%, 06/22/30			202		201,921
2023 Term Loan B6, (1-mo. CME Term SOFR + 2.00%), 7.58%, 06/22/30			113		113,000
Champions Financing, Inc., 2024 Term Loan B, (3-mo. CME Term SOFR + 4.75%), 10.07%, 02/23/29^(c)			306		306,765
Creative Artists Agency LLC, 2024 Term Loan B, 11/27/28^(o)			361		361,114
Garda World Security Corp., 2022 Term Loan B, (3- mo. CME Term SOFR + 4.25%), 9.58%, 02/01/29			113		112,917
Mavis Tire Express Services Topco Corp., 2024 Term Loan B, (1-mo. CME Term SOFR at 0.75% Floor + 3.75%), 9.08%, 05/04/28			328		328,560
PECF USS Intermediate Holding III Corp., Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 4.51%), 9.82%, 12/15/28			131		99,015


S C H E D U L E O F I N V E S T M E N T S		19

Schedule of Investments (unaudited) (continued)

March 31, 2024

BlackRock Credit Allocation Income Trust (BTZ)

(Percentages shown are based on Net Assets)


Security		Par (000)		Value

Commercial Services & Supplies (continued)
Prime Security Services Borrower LLC, 2023 Term Loan B, (3-mo. CME Term SOFR + 2.50%), 7.83%, 10/14/30	USD		110	$	109,725
Tempo Acquisition LLC, 2023 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 2.75%), 8.08%, 08/31/28			581		581,931
TruGreen LP, 2020 Term Loan, (1-mo. CME Term SOFR at 0.75% Floor + 4.10%), 9.43%, 11/02/27			235		228,439
Vestis Corp., Term Loan, (3-mo. CME Term SOFR + 2.25%), 7.58%, 02/22/31^(c)			120		119,850
Viad Corp., Initial Term Loan, (1-mo. CME Term SOFR + 5.11%), 10.44%, 07/30/28			128		128,443


					3,238,404
Communications Equipment — 0.0%
Ciena Corp., 2020 Term Loan B, (1-mo. CME Term SOFR + 2.00%), 7.33%, 10/24/30			203		203,584
Viasat, Inc.
2023 Term Loan, (1-mo. CME Term SOFR + 4.61%), 9.93%, 05/30/30			74		71,214
Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 4.50%), 9.83%, 03/02/29			149		143,876


					418,674
Construction & Engineering — 0.1%
Brand Industrial Services, Inc., 2023 Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 5.50%), 10.81%, 08/01/30			526		528,310
Legence Holdings LLC, 2021 Term Loan, (1-mo. CME Term SOFR at 0.75% Floor + 3.60%), 8.93%, 12/16/27			62		61,598
Pike Corp., 2021 Incremental Term Loan B, (1-mo. CME Term SOFR + 3.11%), 8.44%, 01/21/28			75		75,203
USIC Holdings, Inc., 2021 Term Loan, (3-mo. CME Term SOFR + 3.76%), 9.06%, 05/12/28			147		146,216


					811,327
Construction Materials — 0.2%
ACProducts Holdings, Inc., 2021 Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 4.51%), 9.81%, 05/17/28			169		153,976
American Builders & Contractors Supply Co., Inc., 2024 Term Loan B, (1-mo. CME Term SOFR + 2.00%), 7.33%, 01/31/31			121		121,214
Chariot Buyer LLC
2024 Incremental Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.75%), 9.08%, 11/03/28			82		82,103
Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.35%), 8.68%, 11/03/28			369		367,925
CP Atlas Buyer, Inc., 2021 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.85%), 9.18%, 11/23/27			176		173,247
CPG International LLC, 2022 Term Loan B, (1-mo. CME Term SOFR + 2.60%), 7.93%, 04/28/29			88		87,747
Emerald Debt Merger Sub LLC, Term Loan B, (3-mo. CME Term SOFR + 2.50%), 7.79%, 05/31/30			250		250,050
Ingersoll-Rand Services Co., 2020 USD Spinco Term Loan, (1-mo. CME Term SOFR + 1.85%), 7.18%, 03/01/27			48		48,220
New AMI I LLC, 2022 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 6.00%), 11.33%, 03/08/29			96		91,711


Security		Par (000)		Value

Construction Materials (continued)
Oscar AcquisitionCo. LLC, Term Loan B, (3-mo. CME Term SOFR + 4.60%), 9.90%, 04/29/29	USD		191	$	190,984
Quikrete Holdings, Inc.
2023 Term Loan B, (1-mo. CME Term SOFR + 2.86%), 8.19%, 03/19/29			74		74,430
2024 Term Loan B, 03/25/31^(o)			99		99,042
Smyrna Ready Mix Concrete LLC, 2023 Term Loan, (1-mo. CME Term SOFR + 3.50%), 8.83%, 04/02/29^(c)			66		66,672
Standard Industries, Inc., 2021 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 2.36%), 7.69%, 09/22/28			72		72,364
Summit Materials LLC, 2023 Incremental Term Loan B, (3-mo. CME Term SOFR + 2.50%), 7.83%, 01/12/29			90		90,383
Wilsonart LLC, 2021 Term Loan E, (3-mo. CME Term SOFR at 1.00% Floor + 3.35%), 8.65%, 12/31/26			337		337,153
Zurn LLC, 2021 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 2.11%), 7.44%, 10/04/28			97		96,908


					2,404,129
Consumer Finance — 0.1%
GTCR W Merger Sub LLC, USD Term Loan B, (1-mo. CME Term SOFR + 3.00%), 8.31%, 01/31/31			317		317,859
Trans Union LLC
2019 Term Loan B5, (1-mo. CME Term SOFR + 1.85%), 7.18%, 11/16/26			111		110,254
2024 Term Loan B6, (1-mo. CME Term SOFR at 0.50% Floor + 2.00%), 7.33%, 12/01/28			315		314,871


					742,984
Consumer Staples Distribution & Retail — 0.0%
U.S. Foods, Inc.
2019 Term Loan B, (1-mo. CME Term SOFR + 2.11%), 7.44%, 09/13/26			40		40,380
2021 Term Loan B, (1-mo. CME Term SOFR + 2.00%), 7.33%, 11/22/28			51		50,601


					90,981
Containers & Packaging — 0.1%

Charter Next Generation, Inc., 2024 Term Loan B, (1-mo. CME Term SOFR at 0.75% Floor + 3.50%), 8.83%, 12/01/27			457		457,583

LABL, Inc., 2021 USD 1st Lien Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 5.10%), 10.43%, 10/29/28			145		141,912

Mauser Packaging Solutions Holding Co., Term Loan B, (1-mo. CME Term SOFR + 4.00%), 9.33%, 08/14/26			159		159,416

Pregis TopCo LLC, 1st Lien Term Loan, (1-mo. CME Term SOFR + 3.75%), 9.08%, 07/31/26			78		77,902

Trident TPI Holdings, Inc., 2021 Term Loan B3, (3-mo. CME Term SOFR at 0.50% Floor + 4.26%), 9.81%, 09/15/28			149		148,807


					985,620
Distributors — 0.0%
PAI Holdco, Inc., 2020 Term Loan B, (3-mo. CME Term SOFR at 0.75% Floor + 4.01%), 9.32%, 10/28/27			201		189,563


Diversified Consumer Services — 0.1%
Ascend Learning LLC
2021 2nd Lien Term Loan, (1-mo. CME Term SOFR + 5.85%), 11.18%, 12/10/29			17		16,803


20

Schedule of Investments (unaudited) (continued)

March 31, 2024

BlackRock Credit Allocation Income Trust (BTZ)

(Percentages shown are based on Net Assets)


Security		Par (000)		Value

Diversified Consumer Services (continued)
Ascend Learning LLC (continued)
2021 Term Loan, (1-mo. CME Term SOFR + 3.60%), 8.93%, 12/11/28	USD		82	$	81,226
Bright Horizons Family Solutions LLC, 2021 Term Loan B, (1-mo. CME Term SOFR + 2.36%), 7.69%, 11/24/28			216		215,537
KUEHG Corp., 2023 Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 5.00%), 10.30%, 06/12/30			166		166,436
Learning Care Group U.S. No. 2, Inc., 2023 Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 4.75%), 10.07%, 08/11/28			27		26,871
Sotheby’s, 2021 Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 4.76%), 10.08%, 01/15/27			365		357,889
Spring Education Group, Inc., Term Loan, (3-mo. CME Term SOFR + 4.50%), 9.81%, 10/04/30			194		194,391
Wand NewCo 3, Inc., 2024 Term Loan B, (1-mo. CME Term SOFR + 3.75%), 9.08%, 01/30/31			294		294,688


					1,353,841
Diversified Telecommunication Services — 0.1%
Connect Finco SARL
2021 Term Loan B, (1-mo. CME Term SOFR at 1.00% Floor + 3.50%), 8.83%, 12/11/26			151		148,843
2024 Extended Term Loan B, 09/13/29^(o)			155		152,324
Level 3 Financing, Inc.^(c)
2024 Extended Term Loan B1, (1-week CME Term SOFR at 2.00% Floor + 6.56%), 11.81%, 04/15/29			90		88,999
2024 Extended Term Loan B2, (1-week CME Term SOFR at 2.00% Floor + 6.56%), 11.81%, 04/15/30			181		179,303
Lumen Technologies, Inc.
2024 Extended Term Loan B1, (1-week CME Term SOFR at 2.00% Floor + 2.46%), 7.79%, 04/15/29			101		75,214
2024 Extended Term Loan B2, (3-mo. CME Term SOFR at 2.00% Floor + 2.46%), 7.79%, 04/15/30^(c)			104		76,771
2024 Term Loan A, 06/01/28^(o)			12		10,235
ORBCOMM, Inc., Term Loan B, (1-mo. CME Term SOFR at 0.75% Floor + 4.51%), 9.77%, 09/01/28			147		141,730
Zayo Group Holdings, Inc., USD Term Loan, (1-mo. CME Term SOFR + 3.00%), 8.44%, 03/09/27			584		511,565


					1,384,984
Electronic Equipment, Instruments & Components — 0.1%
Coherent Corp., 2022 Term Loan B, (1-mo. CME Term SOFR + 2.75%), 8.19%, 07/02/29			109		108,733
MX Holdings U.S., Inc., 2023 USD Term Loan B1D, (1-mo. CME Term SOFR at 0.75% Floor + 2.86%), 8.19%, 07/31/28			26		25,881
Roper Industrial Products Investment Co., 2023 USD Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 4.00%), 9.30%, 11/22/29			387		389,079


					523,693
Entertainment — 0.3%
AMC Entertainment Holdings, Inc., 2019 Term Loan B, (1-mo. CME Term SOFR + 3.11%), 8.44%, 04/22/26			161		134,724
Aristocrat Technologies, Inc., 2022 Term Loan B, (3- mo. CME Term SOFR + 2.35%), 7.66%, 05/24/29			11		11,514
Cirque Du Soleil Holding USA Newco, Inc., 2023 Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 4.25%), 9.55%, 03/08/30			155		154,436


Security		Par (000)		Value

Entertainment (continued)
Delta 2 Lux SARL, 2022 Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 2.25%), 7.56%, 01/15/30	USD		249	$	249,062
Lions Gate Capital Holdings LLC, 2018 Term Loan B, (1-mo. CME Term SOFR + 2.35%), 7.68%, 03/24/25			254		253,138
Live Nation Entertainment, Inc., Term Loan B4, (1-mo. CME Term SOFR + 1.85%), 7.18%, 10/19/26			449		447,563
Motion Finco SARL, 2024 USD Term Loan B, 11/12/29^(o)			354		353,201
NEP Group, Inc., 2023 Term Loan B, (1-mo. CME Term SOFR + 3.36%, 1.61% PIK), 10.19%, 08/19/26⁽ⁱ⁾			254		241,251
SMG U.S. Midco 2, Inc., 2020 Term Loan, (3-mo. CME Term SOFR + 2.76%), 8.07%, 01/23/25			150		150,379
UFC Holdings LLC, 2021 Term Loan B, (3-mo. CME Term SOFR at 0.75% Floor + 3.01%), 8.34%, 04/29/26			358		358,038
William Morris Endeavor Entertainment LLC, 2018 1st Lien Term Loan, (1-mo. CME Term SOFR + 2.86%), 8.19%, 05/18/25			459		458,465


					2,811,771
Environmental, Maintenance & Security Service — 0.0%
Clean Harbors, Inc., 2023 Term Loan, (1-mo. CME Term SOFR + 1.86%), 7.19%, 10/08/28			161		161,153
Covanta Holding Corp.
2021 Term Loan C, (1-mo. CME Term SOFR at 0.50% Floor + 2.50%), 7.83%, 11/30/28			6		6,252
2021 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 2.50%), 7.83%, 11/30/28			82		81,798
GFL Environmental, Inc., 2023 First Lien Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 2.50%), 7.82%, 05/31/27			159		159,706


					408,909
Financial Services — 0.2%
Belron Finance U.S. LLC
2018 Term Loan B, (3-mo. CME Term SOFR + 2.51%), 7.82%, 11/13/25			367		367,624
2023 1st Lien Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 2.35%), 7.66%, 04/18/29			54		53,730
2023 USD Term Loan, (3-mo. CME Term SOFR + 2.26%), 7.58%, 04/13/28			178		177,994
Cogeco Financing 2 LP, 2023 Term Loan B, (1-mo. CME Term SOFR + 2.61%), 7.94%, 09/29/28			164		160,115
Deerfield Dakota Holding LLC
2020 USD Term Loan B, (3-mo. CME Term SOFR at 1.00% Floor + 3.75%), 9.06%, 04/09/27			748		743,627
2021 USD 2nd Lien Term Loan, (3-mo. CME Term SOFR + 7.01%), 12.32%, 04/07/28			190		189,287
GIP Pilot Acquisition Partners LP, Term Loan, (3-mo. CME Term SOFR + 3.00%), 8.33%, 10/04/30			37		37,083
Hyperion Refinance SARL, 2024 USD Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.50%), 8.83%, 02/15/31			96		96,009
Sunrise Financing Partnership, 2021 USD Term Loan AX, (1-mo. CME Term SOFR + 3.11%), 8.44%, 01/31/29			45		44,865


					1,870,334
Food Products — 0.2%
8th Avenue Food & Provisions, Inc., 2018 1st Lien Term Loan, (1-mo. CME Term SOFR + 3.86%), 9.19%, 10/01/25			179		175,114


S C H E D U L E O F I N V E S T M E N T S		21

Schedule of Investments (unaudited) (continued)

March 31, 2024

BlackRock Credit Allocation Income Trust (BTZ)

(Percentages shown are based on Net Assets)


Security		Par (000)		Value

Food Products (continued)
B&G Foods, Inc., 2019 Term Loan B4, (1-mo. CME Term SOFR + 2.50%), 7.83%, 10/10/26	USD		88	$	88,008
Chobani LLC
2020 Term Loan B, (1-mo. CME Term SOFR + 3.61%), 8.94%, 10/25/27			583		584,372
2023 Incremental Term Loan, (1-mo. CME Term SOFR + 3.75%), 9.08%, 10/25/27			93		93,231
Froneri U.S., Inc., 2020 USD Term Loan, (1-mo. CME Term SOFR + 2.35%), 7.68%, 01/29/27			559		559,046
H-Food Holdings LLC, 2018 Term Loan B, (3-mo. CME Term SOFR + 3.95%), 9.29%, 05/23/25			54		39,252
Nomad Foods U.S. LLC, Term Loan B4, (6-mo. CME Term SOFR at 0.50% Floor + 3.00%), 8.27%, 11/13/29			74		74,301
UTZ Quality Foods LLC, 2021 Term Loan B, (1-mo. CME Term SOFR + 3.11%), 8.44%, 01/20/28			309		308,892


					1,922,216
Ground Transportation — 0.1%
AIT Worldwide Logistics Holdings, Inc., 2021 Term Loan, (1-mo. CME Term SOFR at 0.75% Floor + 4.85%), 10.17%, 04/06/28			98		97,866
Avis Budget Car Rental LLC, 2020 Term Loan B, (1- mo. CME Term SOFR + 1.86%), 7.19%, 08/06/27			70		69,809
Genesee & Wyoming, Inc., Term Loan, (3-mo. CME Term SOFR + 2.00%), 7.40%, 12/30/26			318		317,841
SIRVA Worldwide, Inc., 2018 1st Lien Term Loan, (3-mo. CME Term SOFR + 5.76%), 11.10%, 08/04/25			76		53,385
Uber Technologies, Inc., 2023 Term Loan B, (3-mo. CME Term SOFR + 2.75%), 8.08%, 03/03/30			236		237,032


					775,933
Health Care Equipment & Supplies — 0.2%
Avantor Funding, Inc., 2021 Term Loan B5, (1-mo. CME Term SOFR + 2.35%), 7.68%, 11/08/27			162		162,425
Bausch & Lomb Corp., 2023 Incremental Term Loan, (1-mo. CME Term SOFR + 4.00%), 9.33%, 09/29/28			111		111,232
Bausch and Lomb Corp., Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.35%), 8.68%, 05/10/27			318		313,658
Insulet Corp., 2024 Term Loan B, (1-mo. CME Term SOFR + 3.00%), 8.33%, 05/04/28			110		109,558
Maravai Intermediate Holdings LLC, 2022 Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 3.00%), 8.31%, 10/19/27			242		237,266
Medline Borrower LP, USD Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.00%), 8.44%, 10/23/28			686		687,300
Sotera Health Holdings LLC, 2021 Term Loan, (1-mo. CME Term SOFR + 2.86%), 8.19%, 12/11/26			267		265,441


					1,886,880
Health Care Providers & Services — 0.3%
Catalent Pharma Solutions, Inc., 2021 Term Loan B3, (1-mo. CME Term SOFR + 2.11%), 7.44%, 02/22/28			241		240,592
CHG Healthcare Services, Inc.
2021 Term Loan, (1-mo. CME Term SOFR + 3.36%), 8.69%, 09/29/28			183		182,782
2023 Incremental Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.75%), 9.09%, 09/29/28			36		35,978


Security		Par (000)		Value

Health Care Providers & Services (continued)
CNT Holdings I Corp., 2020 Term Loan, (3-mo. CME Term SOFR at 0.75% Floor + 3.50%), 8.82%, 11/08/27	USD		257	$	257,646
Electron BidCo, Inc., 2021 Term Loan, (1-mo. CME Term SOFR + 3.11%), 8.44%, 11/01/28			335		335,503
eResearchTechnology, Inc., 2020 1st Lien Term Loan, (1-mo. CME Term SOFR at 1.00% Floor + 4.61%), 9.94%, 02/04/27			80		80,333
EyeCare Partners LLC, 2020 Term Loan, (3-mo. CME Term SOFR + 4.01%), 9.32%, 02/18/27			196		103,127
Fortrea Holdings, Inc., Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.75%), 9.08%, 07/01/30			81		80,819
ICON Luxembourg SARL
2024 LUX Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 2.00%), 7.30%, 07/03/28			179		179,557
2024 US Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 2.00%), 7.32%, 07/03/28			45		44,771
IQVIA, Inc., 2023 USD Term Loan B4, (3-mo. CME Term SOFR + 2.00%), 7.31%, 01/02/31			159		159,226
MED ParentCo LP, 1st Lien Term Loan, (1-mo. CME Term SOFR + 4.36%), 9.69%, 08/31/26			40		39,904
Phoenix Newco, Inc., 2021 1st Lien Term Loan, (1- mo. CME Term SOFR at 0.50% Floor + 3.36%), 8.69%, 11/15/28			365		366,111
Precision Medicine Group LLC, 2021 Term Loan, (3-mo. CME Term SOFR at 0.75% Floor + 3.10%), 8.40%, 11/18/27			152		149,736
Reverb Buyer, Inc., 2021 1st Lien Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.35%), 8.68%, 11/01/28			116		103,595
Star Parent, Inc., Term Loan B, (3-mo. CME Term SOFR + 4.00%), 9.31%, 09/27/30			138		137,069
Surgery Center Holdings, Inc., 2023 Term Loan, (1- mo. CME Term SOFR + 3.50%), 8.83%, 12/19/30			153		153,223
Vizient, Inc., 2022 Term Loan B7, (1-mo. CME Term SOFR at 0.50% Floor + 2.35%), 7.68%, 05/16/29			31		31,542
WCG Intermediate Corp., 2019 Term Loan, (1-mo. CME Term SOFR + 4.11%), 9.44%, 01/08/27			118		117,961


					2,799,475
Health Care Technology — 0.2%
AthenaHealth Group, Inc., 2022 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.25%), 8.58%, 02/15/29			455		450,414
Cotiviti, Inc.^(o)
2024 Fixed Term Loan B, 02/21/31			145		145,181
2024 Term Loan, 02/21/31			240		239,400
Gainwell Acquisition Corp., Term Loan B, (3-mo. CME Term SOFR + 4.10%), 9.41%, 10/01/27			364		346,918
Verscend Holding Corp., 2021 Term Loan B, (1-mo. CME Term SOFR + 4.11%), 9.44%, 08/27/25			328		328,374
Waystar Technologies, Inc., 2024 Term Loan B, (1- mo. CME Term SOFR + 4.00%), 9.33%, 10/22/29			119		119,174


					1,629,461
Hotel & Resort REITs — 0.0%
RHP Hotel Properties LP, 2023 Term Loan B, (1-mo. CME Term SOFR + 2.75%), 8.08%, 05/18/30			80		79,630


Hotels, Restaurants & Leisure — 0.5%
Aimbridge Acquisition Co., Inc., 2019 Term Loan B, (1-mo. CME Term SOFR + 3.86%), 9.19%, 02/02/26			250		239,988


22

Schedule of Investments (unaudited) (continued)

March 31, 2024

BlackRock Credit Allocation Income Trust (BTZ)

(Percentages shown are based on Net Assets)


Security		Par (000)		Value

Hotels, Restaurants & Leisure (continued)
Alterra Mountain Co.^(c)
2023 Term Loan B, (1-mo. CME Term SOFR + 3.75%), 9.18%, 05/31/30	USD		77	$	76,854
2024 Add-on Term Loan B, 05/31/30^(o)			27		27,101
Bally’s Corp., 2021 Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 3.25%), 8.83%, 10/02/28			148		139,165
Burger King (Restaurant Brands International, Inc.)/New Red Finance, Inc., 2023 Term Loan B5, (1-mo. CME Term SOFR + 2.25%), 7.58%, 09/20/30			277		276,179
Caesars Entertainment, Inc.
2024 Term Loan B1, (3-mo. CME Term SOFR at 0.50% Floor + 2.75%), 8.04%, 02/06/31			346		346,000
Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 3.35%), 8.66%, 02/06/30			139		138,831
Carnival Corp., 2023 Term Loan B, (1-mo. CME Term SOFR at 0.75% Floor + 3.00%), 8.32%, 08/08/27			160		160,093
Churchill Downs, Inc., 2021 Incremental Term Loan B1, (1-mo. CME Term SOFR + 2.10%), 7.43%, 03/17/28			182		182,172
City Football Group Ltd., Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.11%), 8.44%, 07/21/28			221		220,502
ECL Entertainment, LLC, 2023 Term Loan B, (1-mo. CME Term SOFR at 0.75% Floor + 4.75%), 10.08%, 08/31/30			62		61,860
Fertitta Entertainment LLC, 2022 Term Loan B, (1-mo. CME Term SOFR + 3.75%), 9.08%, 01/27/29			635		636,562
Flutter Financing BV, Term Loan B, (3-mo. CME Term SOFR + 2.25%), 7.56%, 11/25/30			406		405,623
Four Seasons Hotels Ltd., 2024 Term Loan B, (3-mo. CME Term SOFR + 2.10%), 7.43%, 11/30/29			439		438,751
Hilton Domestic Operating Co., Inc., 2023 Term Loan B4, (1-mo. CME Term SOFR + 2.00%), 7.43%, 11/08/30			330		330,800
IRB Holding Corp., 2024 Term Loan B, (1-mo. CME Term SOFR at 0.75% Floor + 2.85%), 8.08%, 12/15/27			381		381,262
Light & Wonder International, Inc., 2024 Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 2.75%), 8.08%, 04/14/29			151		151,499
Packers Holdings LLC, 2021 Term Loan, (1-mo. CME Term SOFR at 0.75% Floor + 3.25%), 8.68%, 03/09/28			125		79,318
Penn Entertainment, Inc., 2022 Term Loan B, (1-mo. CME Term SOFR + 2.85%), 8.18%, 05/03/29			193		192,822
Playa Resorts Holding BV, 2022 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.25%), 8.58%, 01/05/29			56		56,416
SeaWorld Parks & Entertainment, Inc., 2024 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 2.50%), 7.83%, 08/25/28			55		55,283
Station Casinos LLC, 2024 Term Loan B, 03/14/31^(o)			345		344,334


Security		Par (000)		Value

Hotels, Restaurants & Leisure (continued)
Whatabrands LLC, 2021 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.36%), 8.69%, 08/03/28	USD		383	$	383,111
Wyndham Hotels & Resorts, Inc., 2023 Term Loan B, (1-mo. CME Term SOFR + 2.35%), 7.68%, 05/24/30			19		18,861


					5,343,387
Household Durables — 0.1%
AI Aqua Merger Sub, Inc., 2023 Incremental Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 4.25%), 9.58%, 07/31/28			204		204,989
Hunter Douglas, Inc., USD Term Loan B1, (3-mo. CME Term SOFR + 3.50%), 8.82%, 02/26/29			327		322,909
Sunset Debt Merger Sub, Inc., 2021 Term Loan B, (1-mo. CME Term SOFR + 4.11%), 9.44%, 10/06/28			311		284,940
Weber-Stephen Products LLC, Term Loan B, (1-mo. CME Term SOFR + 3.36%), 8.69%, 10/30/27			442		406,890


					1,219,728
Independent Power and Renewable Electricity Producers — 0.1%
Calpine Construction Finance Co. LP, 2023 Refinancing Term Loan B, (1-mo. CME Term SOFR + 2.25%), 7.58%, 07/31/30			146		146,045
Calpine Corp., Term Loan B9, (1-mo. CME Term SOFR + 2.00%), 7.33%, 01/31/31			80		79,508
Constellation Renewables LLC, 2020 Term Loan, (3-mo. CME Term SOFR at 1.00% Floor + 2.76%), 8.10%, 12/15/27			233		233,173
NRG Energy, Inc., 2024 Term Loan, 03/27/31^(o)			172		171,678


					630,404
Industrial Conglomerates — 0.0%
JFL-Tiger Acquisition Co., Inc., Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 5.00%), 10.32%, 10/17/30			69		68,849


Insurance — 0.4%
Alliant Holdings Intermediate LLC, 2023 Term Loan B6, (1-mo. CME Term SOFR at 0.50% Floor + 3.50%), 8.83%, 11/06/30			751		753,675
AmWINS Group, Inc.
2021 Term Loan B, (1-mo. CME Term SOFR + 2.36%), 7.69%, 02/19/28			286		286,363
2023 Incremental Term Loan B, (1-mo. CME Term SOFR at 0.75% Floor + 2.75%), 8.19%, 02/19/28			54		54,365
Amynta Agency Borrower, Inc., 2023 1st Lien Term Loan B, (3-mo. CME Term SOFR + 4.25%), 9.55%, 02/28/28			218		218,541
AssuredPartners, Inc.
2020 Term Loan B, (1-mo. CME Term SOFR + 3.61%), 8.94%, 02/12/27			258		258,101
2023 Term Loan B4, (1-mo. CME Term SOFR at 0.50% Floor + 3.75%), 9.08%, 02/12/27			72		72,457
2024 Incremental Term Loan B5, (1-mo. CME Term SOFR at 0.50% Floor + 3.50%), 8.83%, 02/14/31			62		62,058
Baldwin Risk Partners, LLC, 2021 Term Loan B, (1- mo. CME Term SOFR + 3.61%), 8.94%, 10/14/27			95		94,280


S C H E D U L E O F I N V E S T M E N T S		23

Schedule of Investments (unaudited) (continued)

March 31, 2024

BlackRock Credit Allocation Income Trust (BTZ)

(Percentages shown are based on Net Assets)


Security		Par (000)		Value

Insurance (continued)
HUB International Ltd., 2024 Term Loan B, (3-mo. CME Term SOFR at 0.75% Floor + 3.25%), 8.57%, 06/20/30	USD		538	$	537,605
Jones Deslauriers Insurance Management, Inc., 2024 Term Loan B, (3-mo. CME Term SOFR + 3.50%), 8.80%, 03/15/30			143		142,865
Ryan Specialty LLC, Term Loan, (1-mo. CME Term SOFR at 0.75% Floor + 2.75%), 8.08%, 09/01/27			160		159,555
Sedgwick Claims Management Services, Inc., 2023 Term Loan B, (1-mo. CME Term SOFR + 3.75%), 9.08%, 02/24/28			448		449,025
Truist Insurance Holdings LLC^(o)
1st Lien Term Loan, 03/24/31			344		343,425
2nd Lien Term Loan, 03/08/32			107		107,535
USI, Inc./New York
2023 Acquisition Term Loan, (3-mo. CME Term SOFR + 3.25%), 8.55%, 09/27/30			131		131,381
2023 Term Loan B, (3-mo. CME Term SOFR + 3.00%), 8.30%, 11/22/29			431		431,409


					4,102,640
Interactive Media & Services — 0.0%
Acuris Finance U.S., Inc., 2021 USD Term Loan B, (3-mo. CME Term SOFR + 4.15%), 9.45%, 02/16/28			50		49,890


Internet Software & Services — 0.0%
Gen Digital, Inc., 2022 Term Loan B, (1-mo. CME Term SOFR + 2.10%), 7.43%, 09/12/29			162		161,663


IT Services — 0.2%
Asurion LLC
2020 Term Loan B8, (1-mo. CME Term SOFR + 3.36%), 8.69%, 12/23/26			291		284,252
2021 2nd Lien Term Loan B3, (1-mo. CME Term SOFR + 5.36%), 10.69%, 01/31/28			175		157,063
2021 Second Lien Term Loan B4, (1-mo. CME Term SOFR + 5.36%), 10.69%, 01/20/29			44		39,194
2023 Term Loan B11, (1-mo. CME Term SOFR + 4.35%), 9.68%, 08/19/28			75		71,845
Camelot U.S. Acquisition LLC, 2024 Term Loan B, (1-mo. CME Term SOFR + 2.75%), 8.08%, 01/31/31			405		405,052
Central Parent, Inc., 2023 Term Loan B, (3-mo. CME Term SOFR + 4.00%), 9.31%, 07/06/29			387		387,751
Epicor Software Corp., 2020 Term Loan, (1-mo. CME Term SOFR at 0.75% Floor + 3.36%), 8.69%, 07/30/27			110		110,664
Go Daddy Operating Co. LLC
2021 Term Loan B4, (1-mo. CME Term SOFR + 2.11%), 7.44%, 08/10/27			123		123,133
2024 Term Loan B6, (1-mo. CME Term SOFR + 2.00%), 7.33%, 11/09/29			220		220,279
Magenta Buyer LLC
2021 USD 1st Lien Term Loan, (3-mo. CME Term SOFR at 0.75% Floor + 5.26%), 10.57%, 07/27/28			129		75,591


Security		Par (000)		Value

IT Services (continued)
Magenta Buyer LLC (continued)
2021 USD 2nd Lien Term Loan, (3-mo. CME Term SOFR at 0.75% Floor + 8.51%), 13.82%, 07/27/29	USD		193	$	56,095
Venga Finance SARL, 2021 USD Term Loan B, (3- mo. CME Term SOFR + 5.01%), 10.35%, 06/28/29			82		81,588


					2,012,507
Leisure Products — 0.0%
Fender Musical Instruments Corp., 2021 Term Loan B, (1-mo. CME Term SOFR + 4.10%), 9.43%, 12/01/28			78		76,716
Peloton Interactive, Inc., Term Loan, (6-mo. CME Term SOFR + 7.10%), 12.48%, 05/25/27			40		40,409


					117,125
Machinery — 0.4%
Albion Financing 3 SARL, USD Term Loan, (3-mo. CME Term SOFR + 5.51%), 10.83%, 08/17/26			220		220,487
Arcline FM Holdings LLC, 2021 1st Lien Term Loan, (3-mo. CME Term SOFR at 0.75% Floor + 5.01%), 10.32%, 06/23/28			297		296,850
Barnes Group Inc, 2024 Term Loan, (1-mo. CME Term SOFR + 2.50%), 7.83%, 09/03/30			176		176,510
Columbus McKinnon Corp./New York, 2024 Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 2.50%), 7.81%, 05/14/28^(c)			60		60,204
Doosan Bobcat North America, Inc., 2022 Term Loan B, (3-mo. CME Term SOFR + 2.60%), 7.90%, 04/20/29			36		36,237
Filtration Group Corp.
2021 Incremental Term Loan, (1-mo. CME Term SOFR + 3.61%), 8.94%, 10/21/28			131		131,524
2023 USD Term Loan, (1-mo. CME Term SOFR + 4.36%), 9.69%, 10/21/28			295		295,556
Gardner Denver, Inc., 2020 USD Term Loan B2, (1- mo. CME Term SOFR + 1.85%), 7.18%, 03/01/27			206		206,061
Gates Global LLC, 2021 Term Loan B3, (1-mo. CME Term SOFR at 0.75% Floor + 2.60%), 7.93%, 03/31/27			275		275,842
Generac Power Systems, Inc., 2019 Term Loan B, (1-mo. CME Term SOFR + 1.85%), 7.18%, 12/13/26			40		39,900
Madison IAQ LLC, Term Loan, (1-mo. CME Term SOFR + 3.36%), 8.69%, 06/21/28			448		447,212
SPX Flow, Inc., 2022 Term Loan, (1-mo. CME Term SOFR + 4.60%), 9.93%, 04/05/29			280		280,695
Titan Acquisition Ltd./Canada
2018 Term Loan B, (1-mo. CME Term SOFR + 3.11%), 8.44%, 03/28/25			443		442,056
2024 Term Loan B, 02/01/29^(o)			342		342,710
TK Elevator U.S. Newco, Inc., USD Term Loan B, 04/30/30^(o)			537		536,015
Vertiv Group Corp., 2023 Term Loan B, (1-mo. CME Term SOFR + 2.61%), 7.94%, 03/02/27			345		345,869
Wec US Holdings Ltd., 2024 Term Loan, (1-mo. CME Term SOFR + 2.75%), 8.08%, 01/27/31			158		157,771


					4,291,499


24

Schedule of Investments (unaudited) (continued)

March 31, 2024

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		50	$	50,062
ABG Intermediate Holdings 2 LLC, 2021 Term Loan B1, (1-mo. CME Term SOFR + 3.60%), 8.93%, 12/21/28			154		154,091
Altice Financing SA, USD 2017 1st Lien Term Loan, (3-mo. LIBOR US + 2.75%), 8.33%, 01/31/26^(c)			247		238,423
AVSC Holding Corp., 2020 Term Loan B1, (1-mo. CME Term SOFR + 3.60%, 0.60% PIK), 8.93%, 03/03/25⁽ⁱ⁾			183		183,071
Charter Communications Operating, LLC, 2023 Term Loan B4, (3-mo. CME Term SOFR + 2.00%), 7.33%, 12/07/30			156		154,594
Clear Channel Outdoor Holdings, Inc., 2024 Term Loan, (1-mo. CME Term SOFR + 4.11%), 9.44%, 08/23/28			84		83,397
CSC Holdings LLC, 2019 Term Loan B5, (1-mo. LIBOR US + 2.50%), 7.94%, 04/15/27			177		159,464
DirecTV Financing LLC, Term Loan, (1-mo. CME Term SOFR at 0.75% Floor + 5.11%), 10.44%, 08/02/27			150		150,198
Morgan Stanley & Co. International PLC, 2024 CCIBV Fixed Term Loan^(c)(k)(o)			130		129,350
Radiate Holdco LLC, 2021 Term Loan B, (1-mo. CME Term SOFR at 0.75% Floor + 3.36%), 8.69%, 09/25/26			374		312,063
Sinclair Television Group, Inc., 2022 Term Loan B4, (1-mo. CME Term SOFR + 3.85%), 9.18%, 04/21/29			68		54,025
Virgin Media Bristol LLC, 2020 USD Term Loan Q, (1-mo. CME Term SOFR + 3.25%), 8.69%, 01/31/29			225		222,550
Voyage Digital NZ, USD Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 3.99%), 9.32%, 05/11/29^(c)			100		100,265
WMG Acquisition Corp., 2024 Term Loan I, (1-mo. CME Term SOFR + 2.00%), 7.33%, 01/24/31			438		436,905
Ziggo Financing Partnership, USD Term Loan I, (1- mo. CME Term SOFR + 2.61%), 7.94%, 04/30/28			126		124,087


					2,552,545
Oil, Gas & Consumable Fuels — 0.1%
Freeport LNG Investments LLLP, Term Loan B, (3-mo. CME Term SOFR + 3.50%), 9.08%, 12/21/28			438		433,941
M6 ETX Holdings II Midco LLC, Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 4.60%), 9.93%, 09/19/29			26		25,693
Medallion Midland Acquisition LP, 2023 Term Loan, (3-mo. CME Term SOFR + 3.50%), 8.83%, 10/18/28			259		259,198
New Fortress Energy, Inc., Term Loan, (3-mo. CME Term SOFR at 0.75% Floor + 5.00%), 10.32%, 10/27/28			229		229,998
Oryx Midstream Services Permian Basin LLC, 2024 Term Loan B, (1-mo. CME Term SOFR + 3.11%), 8.44%, 10/05/28			362		363,124


					1,311,954
Paper & Forest Products — 0.0%
Asplundh Tree Expert LLC, 2021 Term Loan B, (1-mo. CME Term SOFR + 1.85%), 7.18%, 09/07/27			295		294,629


Security		Par (000)		Value

Passenger Airlines — 0.1%
AAdvantage Loyalty IP Ltd., 2021 Term Loan, (3-mo. CME Term SOFR at 0.75% Floor + 5.01%), 10.33%, 04/20/28	USD		371	$	384,305
Air Canada, 2024 Term Loan B, (3-mo. CME Term SOFR + 2.50%), 7.83%, 03/14/31			166		166,105
American Airlines, Inc.
2023 1st Lien Term Loan, (6-mo. CME Term SOFR + 3.50%), 8.77%, 06/04/29			62		62,155
Series AA, 2017 1st Lien Term Loan, (3-mo. CME Term SOFR + 1.85%), 7.07%, 01/29/27			299		298,363
Series AA, 2023 Term Loan B, (3-mo. CME Term SOFR + 3.18%), 8.60%, 02/15/28			162		162,070
Mileage Plus Holdings LLC, 2020 Term Loan B, (3- mo. CME Term SOFR at 1.00% Floor + 5.40%), 10.73%, 06/21/27			243		250,018
United Airlines, Inc., 2024 Term Loan B, (3-mo. CME Term SOFR + 2.75%), 8.08%, 02/15/31			178		177,971
WestJet Airlines Ltd., Term Loan B, (1-mo. CME Term SOFR at 1.00% Floor + 3.10%), 8.43%, 12/11/26			10		9,986


					1,510,973
Pharmaceuticals — 0.1%
Amneal Pharmaceuticals LLC, 2023 Term Loan B, (1-mo. CME Term SOFR + 5.50%), 10.83%, 05/04/28			123		122,584
Bausch Health Americas, Inc., 2022 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 5.35%), 10.68%, 02/01/27			137		106,901
Elanco Animal Health, Inc., Term Loan B, (1-mo. CME Term SOFR + 1.85%), 7.18%, 08/01/27			295		294,006
Jazz Financing Lux SARL, 2024 Term Loan B, (1-mo. CME Term SOFR + 3.11%), 8.44%, 05/05/28			263		264,474
Option Care Health, Inc., 2021 Term Loan B, (1-mo. CME Term SOFR + 2.86%), 8.19%, 10/27/28			108		108,061
Organon & Co., USD Term Loan, (1-mo. CME Term SOFR + 3.11%), 8.43%, 06/02/28			197		197,470
Perrigo Investments LLC, Term Loan B, (1-mo. CME Term SOFR + 2.35%), 7.68%, 04/20/29			115		113,752


					1,207,248
Professional Services — 0.3%
AlixPartners LLP, 2021 USD Term Loan B, (1-mo. CME Term SOFR + 2.61%), 7.94%, 02/04/28			220		219,639
CoreLogic, Inc.
2nd Lien Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 6.61%), 11.94%, 06/04/29			100		93,850
Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.61%), 8.94%, 06/02/28			615		599,982
Dayforce, Inc., Term Loan B, (1-mo. CME Term SOFR + 2.50%), 7.83%, 02/26/31			256		255,521
Dun & Bradstreet Corp., 2024 Term Loan B, (1-mo. CME Term SOFR + 2.75%), 8.08%, 01/18/29			1,205		1,207,512
Element Materials Technology Group U.S. Holdings, Inc.
2022 USD Delayed Draw Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 4.35%), 9.66%, 07/06/29			76		75,702
2022 USD Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 4.35%), 9.66%, 07/06/29			164		164,021
Fleetcor Technologies Operating Co. LLC, 2021 Term Loan B4, (1-mo. CME Term SOFR + 1.85%), 7.18%, 04/28/28			222		221,637


S C H E D U L E O F I N V E S T M E N T S		25

Schedule of Investments (unaudited) (continued)

March 31, 2024

BlackRock Credit Allocation Income Trust (BTZ)

(Percentages shown are based on Net Assets)


Security		Par (000)			Value

Professional Services (continued)
Galaxy U.S. Opco, Inc., Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 4.75%), 10.06%, 04/29/29^(c)	USD		110		$	99,674
VS Buyer LLC, Term Loan B, (1-mo. CME Term SOFR + 3.35%), 8.58%, 02/28/27			257			256,705


						3,194,243
Real Estate Management & Development — 0.0%
Cushman & Wakefield U.S. Borrower LLC
2020 Term Loan B, (1-mo. CME Term SOFR + 2.86%), 8.19%, 08/21/25			9			8,652
2023 Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.35%), 8.68%, 01/31/30			141			140,767
2023 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 4.00%), 9.33%, 01/31/30^(c)			74			73,907


						223,326
Semiconductors & Semiconductor Equipment — 0.0%
MKS Instruments, Inc., 2023 USD Term Loan B, (1- mo. CME Term SOFR at 0.50% Floor + 2.50%), 7.82%, 08/17/29			286			285,238
Synaptics, Inc., Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 2.51%), 7.84%, 12/02/28			109			109,200


						394,438
Software — 0.7%
Applied Systems, Inc., 2024 1st Lien Term Loan, (3- mo. CME Term SOFR + 3.50%), 8.81%, 02/24/31			421			423,232
Barracuda Networks, Inc., 2022 Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 4.50%), 9.81%, 08/15/29			72			71,328
CCC Intelligent Solutions, Inc., Term Loan, (1-mo. CME Term SOFR + 2.36%), 7.69%, 09/21/28			263			263,126
Cloud Software Group, Inc.
2022 USD Term Loan B, (3-mo. CME Term SOFR + 4.60%), 9.91%, 03/30/29			848			843,761
2024 Term Loan, 03/21/31^(o)			147			145,990
Cloudera, Inc.
2021 Second Lien Term Loan, (1-mo. CME Term SOFR + 6.10%), 11.43%, 10/08/29			113			111,870
2021 Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.85%), 9.18%, 10/08/28			89			88,183
Delta TopCo, Inc.
2020 2nd Lien Term Loan, (3-mo. CME Term SOFR at 0.75% Floor + 7.25%), 12.62%, 12/01/28			45			45,056
2020 Term Loan B, (6-mo. CME Term SOFR at 0.75% Floor + 3.75%), 9.12%, 12/01/27			—	^(p)		2
Ellucian Holdings, Inc., 2024 Term Loan B, (1-mo. CME Term SOFR + 3.60%), 8.93%, 10/09/29			361			362,437
Genesys Cloud Services Holdings II LLC
First Lien Term Loan B, 12/01/27^(o)			412			413,510
Term Loan B, (1-mo. CME Term SOFR + 3.86%), 9.19%, 12/01/27			154			154,482
Helios Software Holdings, Inc., 2024 Term Loan, (3- mo. CME Term SOFR + 3.75%), 9.07%, 07/18/30			152			150,619
Informatica LLC, 2021 USD Term Loan B, (1-mo. CME Term SOFR + 2.86%), 8.19%, 10/27/28			419			418,445
McAfee Corp., 2022 USD Term Loan B, (1-mo. CME Term SOFR + 3.85%), 9.18%, 03/01/29			374			373,213


Security		Par (000)		Value

Software (continued)
MH Sub I LLC
2021 2nd Lien Term Loan, (1-mo. CME Term SOFR + 6.25%), 11.58%, 02/23/29	USD		247	$	236,712
2023 Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 4.25%), 9.58%, 05/03/28			329		326,596
Playtika Holding Corp., 2021 Term Loan, (1-mo. CME Term SOFR + 2.75%), 8.19%, 03/13/28			229		229,039
Polaris Newco LLC, USD Term Loan B, (1-mo. CME Term SOFR + 4.26%), 9.57%, 06/02/28			624		617,687
Proofpoint, Inc., 1st Lien Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.36%), 8.69%, 08/31/28			637		636,754
RealPage, Inc., 1st Lien Term Loan, (1-mo. CME Term SOFR + 3.11%), 8.44%, 04/24/28			803		780,445
Severin Acquisition LLC, 2018 Term Loan B, (3-mo. CME Term SOFR + 3.25%), 8.31%, 08/01/27			156		156,329
UKG, Inc.
2021 2nd Lien Term Loan, (3-mo. CME Term SOFR + 5.35%), 10.68%, 05/03/27			74		74,188
2024 Term Loan B, (3-mo. CME Term SOFR + 3.50%), 8.81%, 02/10/31			443		444,925
Veritas U.S., Inc., 2021 USD Term Loan B, (1-mo. CME Term SOFR + 5.11%), 10.44%, 09/01/25			138		127,068


					7,494,997
Specialty Retail — 0.1%
EG America LLC, 2021 Term Loan, (3-mo. SOFR OIS CMPD + 4.68%), 9.99%, 03/31/26			159		159,088
PetSmart LLC, 2021 Term Loan B, (1-mo. CME Term SOFR + 3.85%), 9.18%, 02/11/28			395		393,274
Restoration Hardware, Inc.
2022 Incremental Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.35%), 8.68%, 10/20/28			89		86,858
Term Loan B, (1-mo. CME Term SOFR + 2.61%), 7.94%, 10/20/28			90		87,761


					726,981
Textiles, Apparel & Luxury Goods — 0.0%
Crocs, Inc., 2024 Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 2.25%), 7.56%, 02/20/29			78		77,891
Fanatics Commerce Intermediate Holdco LLC, Term Loan B, (1-mo. CME Term SOFR + 3.36%), 8.69%, 11/24/28			77		76,408
Hanesbrands, Inc., 2023 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.75%), 9.08%, 03/08/30			57		57,348


					211,647
Trading Companies & Distributors — 0.1%
Core & Main LP
2021 Term Loan B, (3-mo. CME Term SOFR + 2.60%), 7.97%, 07/27/28			552		550,406
2024 Incremental Term Loan B, (3-mo. CME Term SOFR + 2.25%), 7.56%, 02/09/31			93		92,651
TMK Hawk Parent Corp.^(c)
2024 PIK Term Loan, (3-mo. CME Term SOFR + 11.00%), 11.00%, 12/15/31			2		1,723
2024 Term Loan B, (1-mo. CME Term SOFR at 1.00% Floor + 5.25%), 10.58%, 06/30/29			65		55,960


					700,740


26

Schedule of Investments (unaudited) (continued)

March 31, 2024

BlackRock Credit Allocation Income Trust (BTZ)

(Percentages shown are based on Net Assets)


Security		Par (000)		Value


Transportation Infrastructure — 0.0%
Apple Bidco LLC
2021 Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 2.86%), 8.19%, 09/22/28	USD		153	$	153,086
2022 Incremental Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.50%), 8.83%, 09/22/28			158		157,902
OLA Netherlands BV, Term Loan, (1-mo. CME Term SOFR + 6.35%), 11.68%, 12/15/26			121		120,309


					431,297
Wireless Telecommunication Services — 0.1%
Altice France SA/France, 2023 USD Term Loan B14, (3-mo. CME Term SOFR + 5.50%), 10.81%, 08/15/28			289		228,194
GOGO Intermediate Holdings LLC, Term Loan B, (1-mo. CME Term SOFR at 0.75% Floor + 3.86%), 9.19%, 04/30/28			63		62,768
Iridium Satellite LLC, 2023 Term Loan B, (1-mo. CME Term SOFR at 0.75% Floor + 2.50%), 7.83%, 09/20/30			157		157,271
SBA Senior Finance II LLC, 2024 Term Loan B, (1- mo. CME Term SOFR + 2.01%), 7.34%, 01/25/31			198		198,841


					647,074

Total Floating Rate Loan Interests — 7.2% (Cost: $77,044,232)					76,611,174


Foreign Agency Obligations

Brazil — 0.5%
Brazilian Government International Bond, 5.00%, 01/27/45			6,525		5,200,082


China — 0.0%
China Development Bank/Hong Kong, 2.00%, 02/16/27^(j)			200		186,030
Export-Import Bank of China, 3.38%, 03/14/27^(j)			200		193,180

				379,210
Colombia — 0.3%
Colombia Government International Bond, 5.63%, 02/26/44^(f)			4,000		3,174,000


Hong Kong — 0.0%
Airport Authority, 3.25%, 01/12/52^(j)			200		146,326


India — 0.0%
Export-Import Bank of India, 3.88%, 02/01/28^(j)			200		190,688


Indonesia — 0.2%
Indonesia Government International Bond
4.65%, 09/20/32			250		243,152
4.85%, 01/11/33^(f)			200		198,188
5.25%, 01/17/42^(j)			200		200,500
4.75%, 07/18/47^(f)(j)			200		188,250
3.70%, 10/30/49			200		155,875
3.50%, 02/14/50^(f)			200		149,022
Perusahaan Penerbit SBSN Indonesia III^(j)
1.50%, 06/09/26			200		185,457
4.40%, 06/06/27			200		196,707


					1,517,151


Security		Par (000)		Value


Mexico — 0.5%
Mexico Government International Bond, 4.75%, 03/08/44^(f)	USD		5,800	$	4,850,250


Pakistan — 0.1%
Pakistan Government International Bond^(j)
6.00%, 04/08/26^(f)			450		400,549
7.38%, 04/08/31			200		157,022


					557,571
Philippines — 0.0%
Philippines Government International Bond
3.70%, 03/01/41			300		247,781
2.65%, 12/10/45			200		132,438


					380,219
Republic of Korea — 0.0%
Korea National Oil Corp., 4.88%, 04/03/29^(j)			200		198,740


Saudi Arabia — 0.0%
Saudi Government International Bond^(j)
4.00%, 04/17/25			200		197,312
4.50%, 10/26/46			200		170,938


					368,250
South Korea — 0.1%
Export-Import Bank of Korea
0.63%, 06/29/24			250		247,130
1.63%, 01/18/27			200		183,552
Korea Development Bank
2.00%, 02/24/25			200		194,346
4.38%, 02/15/33			200		193,034
Korea Expressway Corp., 1.13%, 05/17/26^(j)			200		183,812


					1,001,874
United Arab Emirates — 0.0%
Sharjah Sukuk Program Ltd., 6.09%, 03/19/34^(j)			250		259,922


Uruguay — 0.3%
Uruguay Government International Bond, 5.10%, 06/18/50^(f)			3,500		3,385,156


Total Foreign Agency Obligations — 2.0% (Cost: $24,472,075)					21,609,439


		Shares


Investment Companies

Fixed Income Funds — 0.3%
Invesco Senior Loan ETF			120,000		2,538,000


Total Investment Companies — 0.3% (Cost: $2,508,761)					2,538,000


S C H E D U L E O F I N V E S T M E N T S		27

Schedule of Investments (unaudited) (continued)

March 31, 2024

BlackRock Credit Allocation Income Trust (BTZ)

(Percentages shown are based on Net Assets)


Security		Par (000)		Value

Municipal Bonds

New York — 1.0%
Metropolitan Transportation Authority, RB, BAB, 6.55%, 11/15/31	USD		10,000	$	10,556,539


Total Municipal Bonds — 1.0% (Cost: $9,833,900)					10,556,539


Preferred Securities

Capital Trusts — 12.3%

Automobiles — 0.2%
General Motors Financial Co., Inc., Series C, 5.70%^(a)(k)			2,565		2,459,455


Banks — 8.7%
Barclays PLC^(a)(k)
4.38%			1,630		1,336,255
8.00%			4,500		4,488,203
9.63%			3,340		3,541,743
BNP Paribas SA^(a)(b)(k)
4.63%			13,999		11,548,150
7.38%			4,535		4,545,757
Citigroup, Inc., Series BB, 7.20%^(a)(k)			6,750		6,922,213
Credit Agricole SA, 8.13%^(a)(b)(f)(k)			5,000		5,100,000
HDFC Bank Ltd., 3.70%^(a)(j)(k)			200		183,937
HSBC Capital Funding Dollar 1 LP, 10.18%^(a)(b)(k)			11,835		14,854,168
Industrial & Commercial Bank of China Ltd., 3.20%^(a)(j)(k)			300		283,950
ING Groep NV, 3.88%^(a)(k)			1,808		1,511,307
JPMorgan Chase & Co., 8.75%, 09/01/30^(f)			2,000		2,386,721
Kasikornbank PCL/Hong Kong, 4.00%^(a)(f)(j)(k)			300		276,750
Lloyds Banking Group PLC, 7.50%^(a)(k)			8,285		8,251,880
Macquarie Bank Ltd., 6.13%^(a)(b)(k)			1,885		1,809,307
Mitsubishi UFJ Financial Group, Inc., 8.20%^(a)(k)			425		458,577
NatWest Group PLC, 8.00%^(a)(k)			970		975,265
Nordea Bank Abp, 6.63%^(a)(b)(k)			5,540		5,484,117
PNC Financial Services Group, Inc.^(a)(k)
Series V, 6.20%^(f)			5,529		5,514,604
Series W, 6.25%			1,250		1,211,465
Rizal Commercial Banking Corp., 6.50%^(a)(j)(k)			700		687,969
Standard Chartered PLC, 7.88%^(a)(j)(k)			400		399,125
TMBThanachart Bank PCL, 4.90%^(a)(j)(k)			700		691,250
UBS Group AG^(a)(b)(k)
7.75%			4,845		4,982,932
Series NC10, 9.25%			4,807		5,424,877
Wells Fargo & Co., Series S, 5.90%^(a)(k)			281		279,813


					93,150,335
Electric Utilities — 0.8%
PPL Capital Funding, Inc., Series A, 8.24%, 03/30/67^(a)			8,300		8,216,775


Financial Services — 0.0%
NWD Finance BVI Ltd., 4.13%^(a)(j)(k)			209		123,310


Independent Power and Renewable Electricity Producers — 0.1%
Vistra Corp., 7.00%^(a)(b)(k)			920		910,934


Insurance — 1.7%
ACE Capital Trust II, 9.70%, 04/01/30^(f)			7,000		8,240,634
Equitable of Iowa Cos Capital Trust II, Series B, 8.42%, 04/01/27			5,000		4,738,085


Security		Par (000)		Value

Insurance (continued)
Kyobo Life Insurance Co. Ltd., 5.90%, 06/15/52^(a)(j)	USD		200	$	199,062
MetLife, Inc., 6.40%, 12/15/66^(f)			5,000		5,119,815


					18,297,596
Oil, Gas & Consumable Fuels — 0.2%
Enterprise Products Operating LLC, 8.38%, 06/01/67^(a)			2,500		2,444,147


Passenger Airlines^(a)(j)(k)— 0.1%
Airport Authority
2.10%			200		187,976
2.40%			200		179,000


					366,976
Transportation Infrastructure — 0.0%
Royal Capital BV, 5.00%^(a)(j)(k)			200		196,938


Wireless Telecommunication Services — 0.5%
Vodafone Group PLC, 7.00%, 04/04/79^(a)			4,745		4,894,420


					131,060,886


		Shares

Preferred Stocks — 0.4%

Interactive Media & Services — 0.4%
ByteDance Ltd., Series E-1, (Acquired 11/11/20, Cost: $3,189,595)^(c)(d)(e)			29,109		4,657,440


					4,657,440

Total Preferred Securities — 12.7% (Cost: $138,421,508)					135,718,326


		Par (000)

U.S. Government Sponsored Agency Securities

Mortgage-Backed Securities^(q)— 12.9%
Uniform Mortgage-Backed Securities
5.00%, 04/11/54	USD		90,525		88,321,909
5.50%, 04/11/54			49,950		49,702,062


					138,023,971


Total U.S. Government Sponsored Agency Securities — 12.9% (Cost: $138,200,783)					138,023,971


28

Schedule of Investments (unaudited) (continued)

March 31, 2024

BlackRock Credit Allocation Income Trust (BTZ)

(Percentages shown are based on Net Assets)


Security		Shares			Value


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)^(d)			321		$	—


Total Warrants — 0.0% (Cost: $—)						—

Total Long-Term Investments — 167.6% (Cost: $1,809,380,775)						1,792,040,079


Short-Term Securities

Money Market Funds — 0.6%
BlackRock Liquidity Funds, T-Fund, Institutional Class, 5.19%^(r)(s)			7,152,133			7,152,133


Total Short-Term Securities — 0.6% (Cost: $7,152,133)						7,152,133


Total Investments Before TBA Sale Commitments — 168.2% (Cost: $1,816,532,908)						1,799,192,212


		Par (000)


TBA Sale Commitments

Mortgage-Backed Securities — (0.5)%
Uniform Mortgage-Backed Securities, 5.50%, 04/11/54^(q)	USD		(5,525	)		(5,497,575	)


Total TBA Sale Commitments — (0.5)% (Proceeds: $(5,517,446))						(5,497,575	)


Total Investments, Net of TBA Sale Commitments — 167.7% (Cost: $1,811,015,462)						1,793,694,637

Liabilities in Excess of Other Assets — (67.7)%						(724,300,139	)


Net Assets — 100.0%					$	1,069,394,498

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

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

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

^(d)	Non-income producing security.

^(e)	Restricted security as to resale, excluding 144A securities. The Trust held restricted securities with a current value of $4,718,551, representing 0.4% of its net assets as of period end, and an original cost of $3,299,073.

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

^(g)	All or a portion of the security has been pledged and/or segregated as collateral in connection with outstanding exchange-traded options written.

^(h)	When-issued security.

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

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

^(l)	Convertible security.

^(m)	Zero-coupon bond.

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

^(o)	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.

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

^(q)	Represents or includes a TBA transaction.

^(r)	Affiliate of the Trust.

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

For purposes of this report, industry and sector sub-classifications may differ from those utilized by the Trust for compliance purposes.

Affiliates

Investments in issuers considered to be affiliate(s) of the Trust during the period ended March 31, 2024 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:



Affiliated Issuer	Value at 12/31/23		Purchases at Cost		Proceeds from Sales			Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Value at 03/31/24		Shares Held at 03/31/24		Income		Capital Gain Distributions from Underlying Funds

BlackRock Liquidity Funds, T-Fund, Institutional Class	$	16,341,334	$	—	$	(9,189,201	)^(a)	$	—	$	—	$	7,152,133		7,152,133	$	137,231	$	—

^(a)

Represents net amount purchased (sold).


S C H E D U L E O F I N V E S T M E N T S		29

Schedule of Investments (unaudited) (continued)

March 31, 2024

BlackRock Credit Allocation Income Trust (BTZ)

Reverse Repurchase Agreements

Counterparty

Interest

Rate

Trade

Date

Maturity

Date

^(a)

Face Value

Including

Accrued Interest

Type of Non-Cash Underlying

Collateral

Remaining

Contractual Maturity

of the Agreements

^(a)

Nomura Securities International, Inc.

5.48

%^(b)

01/08/24

Open

695,735

704,525

Corporate Bonds

Open/Demand

BNP Paribas SA

5.49

^(b)

01/19/24

Open

199,125

201,251

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

01/22/24

Open

10,640,900

10,752,869

Corporate Bonds

Open/Demand

BNP Paribas SA

5.37

^(b)

01/23/24

Open

339,896

343,344

Corporate Bonds

Open/Demand

BNP Paribas SA

5.39

^(b)

01/23/24

Open

5,445,000

5,500,436

Corporate Bonds

Open/Demand

BNP Paribas SA

5.42

^(b)

01/23/24

Open

1,575,500

1,591,630

Corporate Bonds

Open/Demand

BNP Paribas SA

5.49

^(b)

01/23/24

Open

1,178,482

1,190,703

Corporate Bonds

Open/Demand

BNP Paribas SA

5.49

^(b)

01/23/24

Open

1,452,015

1,467,072

Corporate Bonds

Open/Demand

RBC Capital Markets, LLC

5.50

^(b)

01/23/24

Open

12,915,000

13,049,173

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

01/24/24

Open

3,974,324

4,014,932

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

01/24/24

Open

4,333,762

4,378,043

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

01/25/24

Open

6,955,837

7,025,848

Corporate Bonds

Open/Demand

BNP Paribas SA

5.40

^(b)

01/26/24

Open

748,501

755,575

Corporate Bonds

Open/Demand

Barclays Capital, Inc.

5.37

^(b)

01/29/24

Open

3,449,137

3,481,036

Corporate Bonds

Open/Demand

Barclays Capital, Inc.

5.50

^(b)

01/29/24

Open

159,500

161,011

Corporate Bonds

Open/Demand

BNP Paribas SA

5.44

^(b)

01/29/24

Open

965,360

974,404

Corporate Bonds

Open/Demand

Goldman Sachs & Co. LLC

5.45

^(b)

01/29/24

Open

1,917,500

1,935,498

Corporate Bonds

Open/Demand

Nomura Securities International, Inc.

5.00

^(b)

01/29/24

Open

189,557

191,189

Foreign Agency Obligations

Open/Demand

Nomura Securities International, Inc.

5.48

^(b)

01/29/24

Open

282,498

285,164

Corporate Bonds

Open/Demand

Nomura Securities International, Inc.

5.48

^(b)

01/29/24

Open

493,990

498,653

Corporate Bonds

Open/Demand

Nomura Securities International, Inc.

5.48

^(b)

01/29/24

Open

177,000

178,670

Corporate Bonds

Open/Demand

Nomura Securities International, Inc.

5.48

^(b)

01/29/24

Open

499,410

504,123

Corporate Bonds

Open/Demand

Nomura Securities International, Inc.

5.48

^(b)

01/29/24

Open

222,369

224,467

Corporate Bonds

Open/Demand

Nomura Securities International, Inc.

5.48

^(b)

01/29/24

Open

988,807

998,140

Corporate Bonds

Open/Demand

Nomura Securities International, Inc.

5.48

^(b)

01/29/24

Open

561,475

566,774

Corporate Bonds

Open/Demand

U.S. Bancorp Investments, Inc.

5.31

^(b)

02/05/24

Open

7,006,747

7,063,590

Corporate Bonds

Open/Demand

BNP Paribas SA

4.75

^(b)

02/08/24

Open

2,737,020

2,755,799

Corporate Bonds

Open/Demand

BNP Paribas SA

5.15

^(b)

02/08/24

Open

109,796

110,613

Corporate Bonds

Open/Demand

BNP Paribas SA

5.30

^(b)

02/08/24

Open

660,398

665,453

Corporate Bonds

Open/Demand

BNP Paribas SA

5.32

^(b)

02/08/24

Open

1,941,500

1,956,419

Corporate Bonds

Open/Demand

BNP Paribas SA

5.35

^(b)

02/08/24

Open

505,000

508,903

Corporate Bonds

Open/Demand

BNP Paribas SA

5.37

^(b)

02/08/24

Open

205,095

206,686

Corporate Bonds

Open/Demand

BNP Paribas SA

5.39

^(b)

02/08/24

Open

2,080,194

2,096,389

Corporate Bonds

Open/Demand

BNP Paribas SA

5.39

^(b)

02/08/24

Open

702,169

707,636

Corporate Bonds

Open/Demand

BNP Paribas SA

5.39

^(b)

02/08/24

Open

82,455

83,097

Corporate Bonds

Open/Demand

BNP Paribas SA

5.41

^(b)

02/08/24

Open

1,017,225

1,025,174

Corporate Bonds

Open/Demand

BNP Paribas SA

5.42

^(b)

02/08/24

Open

1,934,269

1,949,412

Corporate Bonds

Open/Demand

BNP Paribas SA

5.42

^(b)

02/08/24

Open

1,786,774

1,800,762

Corporate Bonds

Open/Demand

BNP Paribas SA

5.44

^(b)

02/08/24

Open

1,897,500

1,912,410

Capital Trusts

Open/Demand

BNP Paribas SA

5.44

^(b)

02/08/24

Open

359,894

362,722

Corporate Bonds

Open/Demand

BNP Paribas SA

5.44

^(b)

02/08/24

Open

701,955

707,471

Corporate Bonds

Open/Demand

BNP Paribas SA

5.45

^(b)

02/08/24

Open

369,000

371,905

Corporate Bonds

Open/Demand

BNP Paribas SA

5.45

^(b)

02/08/24

Open

534,241

538,447

Corporate Bonds

Open/Demand

BNP Paribas SA

5.45

^(b)

02/08/24

Open

334,000

336,629

Corporate Bonds

Open/Demand

BNP Paribas SA

5.45

^(b)

02/08/24

Open

685,294

690,689

Corporate Bonds

Open/Demand

BNP Paribas SA

5.45

^(b)

02/08/24

Open

4,931,250

4,970,070

Corporate Bonds

Open/Demand

BNP Paribas SA

5.45

^(b)

02/08/24

Open

499,258

503,188

Corporate Bonds

Open/Demand

BNP Paribas SA

5.45

^(b)

02/08/24

Open

222,564

224,316

Corporate Bonds

Open/Demand

BNP Paribas SA

5.45

^(b)

02/08/24

Open

725,354

731,064

Corporate Bonds

Open/Demand

BNP Paribas SA

5.45

^(b)

02/08/24

Open

297,786

300,130

Corporate Bonds

Open/Demand

BNP Paribas SA

5.45

^(b)

02/08/24

Open

196,519

198,066

Corporate Bonds

Open/Demand

BNP Paribas SA

5.47

^(b)

02/08/24

Open

1,009,912

1,017,892

Corporate Bonds

Open/Demand

BNP Paribas SA

5.47

^(b)

02/08/24

Open

676,130

681,472

Corporate Bonds

Open/Demand


30

Schedule of Investments (unaudited) (continued)

March 31, 2024

BlackRock Credit Allocation Income Trust (BTZ)

Reverse Repurchase Agreements (continued)

Counterparty

Interest

Rate

Trade

Date

Maturity

Date

^(a)

Face Value

Including

Accrued Interest

Type of Non-Cash Underlying

Collateral

Remaining

Contractual Maturity

of the Agreements

^(a)

BNP Paribas SA

5.48

%^(b)

02/08/24

Open

527,620

531,796

Corporate Bonds

Open/Demand

BNP Paribas SA

5.48

^(b)

02/08/24

Open

310,960

313,421

Corporate Bonds

Open/Demand

BNP Paribas SA

5.48

^(b)

02/08/24

Open

715,339

721,001

Corporate Bonds

Open/Demand

BNP Paribas SA

5.48

^(b)

02/08/24

Open

401,820

405,001

Corporate Bonds

Open/Demand

BNP Paribas SA

5.49

^(b)

02/08/24

Open

545,431

549,757

Corporate Bonds

Open/Demand

BNP Paribas SA

5.49

^(b)

02/08/24

Open

262,985

265,070

Corporate Bonds

Open/Demand

BNP Paribas SA

5.49

^(b)

02/08/24

Open

356,965

359,796

Corporate Bonds

Open/Demand

BNP Paribas SA

5.50

^(b)

02/08/24

Open

2,541,875

2,562,069

Corporate Bonds

Open/Demand

BNP Paribas SA

5.50

^(b)

02/08/24

Open

4,575,000

4,611,346

Corporate Bonds

Open/Demand

Goldman Sachs & Co. LLC

5.25

^(b)

02/08/24

Open

821,520

827,750

Corporate Bonds

Open/Demand

Goldman Sachs & Co. LLC

5.35

^(b)

02/08/24

Open

476,548

480,230

Corporate Bonds

Open/Demand

Goldman Sachs & Co. LLC

5.35

^(b)

02/08/24

Open

1,259,077

1,268,807

Corporate Bonds

Open/Demand

Goldman Sachs & Co. LLC

5.45

^(b)

02/08/24

Open

2,896,950

2,919,755

Corporate Bonds

Open/Demand

Goldman Sachs & Co. LLC

5.45

^(b)

02/08/24

Open

857,500

864,250

Corporate Bonds

Open/Demand

Goldman Sachs & Co. LLC

5.45

^(b)

02/08/24

Open

852,500

859,211

Corporate Bonds

Open/Demand

Nomura Securities International, Inc.

4.50

^(b)

02/08/24

Open

170,500

171,608

Corporate Bonds

Open/Demand

Nomura Securities International, Inc.

5.35

^(b)

02/08/24

Open

3,180,846

3,205,427

Foreign Agency Obligations

Open/Demand

Nomura Securities International, Inc.

5.35

^(b)

02/08/24

Open

488,750

492,527

Corporate Bonds

Open/Demand

Nomura Securities International, Inc.

5.40

^(b)

02/08/24

Open

638,547

643,528

Corporate Bonds

Open/Demand

Nomura Securities International, Inc.

5.48

^(b)

02/08/24

Open

181,560

182,997

Corporate Bonds

Open/Demand

Nomura Securities International, Inc.

5.48

^(b)

02/08/24

Open

572,270

576,800

Corporate Bonds

Open/Demand

Nomura Securities International, Inc.

5.48

^(b)

02/08/24

Open

177,126

178,528

Corporate Bonds

Open/Demand

Nomura Securities International, Inc.

5.48

^(b)

02/08/24

Open

711,525

717,157

Corporate Bonds

Open/Demand

Nomura Securities International, Inc.

5.48

^(b)

02/08/24

Open

191,880

193,399

Corporate Bonds

Open/Demand

Nomura Securities International, Inc.

5.48

^(b)

02/08/24

Open

1,907,500

1,922,599

Corporate Bonds

Open/Demand

Nomura Securities International, Inc.

5.48

^(b)

02/08/24

Open

400,000

403,166

Corporate Bonds

Open/Demand

Nomura Securities International, Inc.

5.48

^(b)

02/08/24

Open

446,119

449,650

Corporate Bonds

Open/Demand

Nomura Securities International, Inc.

5.48

^(b)

02/08/24

Open

683,839

689,252

Corporate Bonds

Open/Demand

Nomura Securities International, Inc.

5.48

^(b)

02/08/24

Open

211,253

212,925

Corporate Bonds

Open/Demand

Nomura Securities International, Inc.

5.48

^(b)

02/08/24

Open

191,501

193,017

Corporate Bonds

Open/Demand

Nomura Securities International, Inc.

5.48

^(b)

02/08/24

Open

922,500

929,802

Corporate Bonds

Open/Demand

Nomura Securities International, Inc.

5.48

^(b)

02/08/24

Open

225,363

227,146

Corporate Bonds

Open/Demand

Nomura Securities International, Inc.

5.48

^(b)

02/08/24

Open

164,093

165,391

Corporate Bonds

Open/Demand

RBC Capital Markets, LLC

5.45

^(b)

02/08/24

Open

4,560,125

4,596,023

Corporate Bonds

Open/Demand

RBC Capital Markets, LLC

5.50

^(b)

02/08/24

Open

360,938

363,805

Corporate Bonds

Open/Demand

RBC Capital Markets, LLC

5.50

^(b)

02/08/24

Open

5,201,500

5,242,823

Corporate Bonds

Open/Demand

RBC Capital Markets, LLC

5.50

^(b)

02/08/24

Open

11,537,500

11,629,159

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.48

^(b)

02/08/24

Open

5,772,812

5,818,508

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

02/08/24

Open

1,229,869

1,239,274

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

02/08/24

Open

11,250,000

11,339,213

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

02/08/24

Open

1,119,625

1,128,504

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

02/08/24

Open

2,095,662

2,112,281

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

02/08/24

Open

4,496,250

4,531,905

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

02/08/24

Open

5,887,856

5,934,547

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		31

Schedule of Investments (unaudited) (continued)

March 31, 2024

BlackRock Credit Allocation Income Trust (BTZ)

Reverse Repurchase Agreements (continued)

Counterparty

Interest

Rate

Trade

Date

Maturity

Date

^(a)

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)

02/08/24

Open

579,425

584,020

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

02/08/24

Open

2,705,312

2,726,766

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

02/08/24

Open

590,388

595,069

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

02/08/24

Open

4,573,844

4,610,114

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

02/08/24

Open

3,045,000

3,069,147

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

02/08/24

Open

7,005,825

7,061,381

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

02/08/24

Open

2,442,000

2,461,365

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

02/08/24

Open

3,097,500

3,122,063

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

02/08/24

Open

3,026,719

3,050,721

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

02/08/24

Open

2,418,585

2,437,764

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

02/08/24

Open

1,361,800

1,372,599

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

02/08/24

Open

3,738,812

3,768,461

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

02/08/24

Open

3,866,711

3,897,374

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

02/08/24

Open

4,824,062

4,862,317

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

02/08/24

Open

2,917,700

2,940,837

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

02/08/24

Open

1,434,719

1,446,096

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

02/08/24

Open

3,235,000

3,260,654

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

02/08/24

Open

1,985,194

2,000,936

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

02/08/24

Open

4,947,147

4,986,378

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

02/08/24

Open

1,256,150

1,266,111

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

02/08/24

Open

1,744,050

1,757,880

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

02/08/24

Open

3,403,822

3,430,815

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

02/08/24

Open

854,400

861,175

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

02/08/24

Open

2,313,112

2,331,456

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

02/08/24

Open

625,250

630,208

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

02/08/24

Open

2,598,750

2,619,358

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

02/08/24

Open

897,600

904,718

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

02/08/24

Open

4,093,750

4,126,213

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

02/08/24

Open

608,960

613,789

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

02/08/24

Open

501,309

505,284

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

02/08/24

Open

4,834,425

4,872,762

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

02/08/24

Open

805,000

811,384

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

02/08/24

Open

821,546

828,061

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

02/08/24

Open

899,520

906,653

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

02/08/24

Open

2,208,750

2,226,265

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

02/08/24

Open

6,709,037

6,762,240

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

02/08/24

Open

3,440,314

3,467,595

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

02/08/24

Open

7,997,500

8,060,920

Capital Trusts

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

02/08/24

Open

3,610,000

3,638,627

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

02/08/24

Open

9,065,612

9,137,503

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

02/08/24

Open

440,088

443,577

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

02/08/24

Open

861,300

868,130

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

02/08/24

Open

5,572,500

5,616,690

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

02/08/24

Open

2,678,350

2,699,589

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

02/08/24

Open

2,914,031

2,937,140

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

02/08/24

Open

1,072,575

1,081,081

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

02/08/24

Open

2,299,200

2,317,433

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

02/08/24

Open

3,113,437

3,138,127

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

02/08/24

Open

2,920,942

2,944,106

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

02/08/24

Open

2,317,500

2,335,878

Capital Trusts

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

02/08/24

Open

4,233,487

4,267,059

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

02/08/24

Open

584,350

588,984

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

02/08/24

Open

4,963,925

5,003,289

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

02/08/24

Open

600,795

605,559

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

02/08/24

Open

2,823,135

2,845,522

Corporate Bonds

Open/Demand

BNP Paribas SA

5.45

^(b)

02/14/24

Open

319,303

321,526

Corporate Bonds

Open/Demand

BNP Paribas SA

5.37

^(b)

02/16/24

Open

245,666

247,169

Corporate Bonds

Open/Demand

Goldman Sachs & Co. LLC

5.45

^(b)

02/16/24

Open

1,751,750

1,763,684

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

02/16/24

Open

113,881

114,593

Corporate Bonds

Open/Demand

U.S. Bancorp Investments, Inc.

5.31

^(b)

02/22/24

Open

3,120,000

3,137,488

Corporate Bonds

Open/Demand

U.S. Bancorp Investments, Inc.

5.31

^(b)

02/22/24

Open

1,234,750

1,241,671

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

02/29/24

Open

14,398,719

14,466,789

Corporate Bonds

Open/Demand


32

Schedule of Investments (unaudited) (continued)

March 31, 2024

BlackRock Credit Allocation Income Trust (BTZ)

Reverse Repurchase Agreements (continued)

Counterparty

Interest

Rate

Trade

Date

Maturity

Date

^(a)

Face Value

Including

Accrued Interest

Type of Non-Cash Underlying

Collateral

Remaining

Contractual Maturity

of the Agreements

^(a)

Nomura Securities International, Inc.

5.32

%^(b)

03/08/24

Open

160,775

161,274

Corporate Bonds

Open/Demand

Nomura Securities International, Inc.

5.32

^(b)

03/08/24

Open

257,058

257,855

Corporate Bonds

Open/Demand

Nomura Securities International, Inc.

5.32

^(b)

03/08/24

Open

184,240

184,812

Corporate Bonds

Open/Demand

Nomura Securities International, Inc.

5.32

^(b)

03/08/24

Open

597,293

599,146

Corporate Bonds

Open/Demand

Nomura Securities International, Inc.

5.32

^(b)

03/08/24

Open

606,251

608,133

Corporate Bonds

Open/Demand

Nomura Securities International, Inc.

5.32

^(b)

03/08/24

Open

169,973

170,500

Corporate Bonds

Open/Demand

Nomura Securities International, Inc.

5.32

^(b)

03/08/24

Open

256,081

256,875

Corporate Bonds

Open/Demand

Nomura Securities International, Inc.

5.32

^(b)

03/08/24

Open

260,640

261,449

Corporate Bonds

Open/Demand

Nomura Securities International, Inc.

5.48

^(b)

03/08/24

Open

609,960

611,910

Corporate Bonds

Open/Demand

J.P. Morgan Securities LLC

5.20

03/12/24

04/17/24

234,370

235,014

Capital Trusts

Up to 30 Days

J.P. Morgan Securities LLC

4.50

03/13/24

04/17/24

598,658

600,079

Corporate Bonds

Up to 30 Days

J.P. Morgan Securities LLC

4.85

03/13/24

04/17/24

171,392

171,831

Corporate Bonds

Up to 30 Days

J.P. Morgan Securities LLC

5.00

03/13/24

04/17/24

606,992

608,593

Corporate Bonds

Up to 30 Days

J.P. Morgan Securities LLC

5.10

03/13/24

04/17/24

250,039

250,712

Corporate Bonds

Up to 30 Days

J.P. Morgan Securities LLC

5.10

03/13/24

04/17/24

150,772

151,178

Corporate Bonds

Up to 30 Days

J.P. Morgan Securities LLC

5.25

03/13/24

04/17/24

1,542,500

1,546,774

Corporate Bonds

Up to 30 Days

J.P. Morgan Securities LLC

5.35

03/13/24

04/17/24

1,247,602

1,251,125

Corporate Bonds

Up to 30 Days

J.P. Morgan Securities LLC

5.40

03/13/24

04/17/24

171,563

172,051

Corporate Bonds

Up to 30 Days

J.P. Morgan Securities LLC

5.45

03/13/24

04/17/24

372,186

373,256

Corporate Bonds

Up to 30 Days

J.P. Morgan Securities LLC

5.45

03/13/24

04/17/24

159,102

159,559

Corporate Bonds

Up to 30 Days

J.P. Morgan Securities LLC

5.45

03/13/24

04/17/24

265,670

266,434

Corporate Bonds

Up to 30 Days

J.P. Morgan Securities LLC

5.45

03/13/24

04/17/24

900,000

902,589

Corporate Bonds

Up to 30 Days

J.P. Morgan Securities LLC

5.45

03/13/24

04/17/24

742,660

744,796

Corporate Bonds

Up to 30 Days

J.P. Morgan Securities LLC

5.50

03/13/24

04/17/24

125,269

125,633

Corporate Bonds

Up to 30 Days

Merrill Lynch International

5.33

03/13/24

04/18/24

1,007,461

1,010,146

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.15

03/14/24

04/18/24

775,582

777,580

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.20

03/14/24

04/18/24

519,030

520,379

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.25

03/14/24

04/18/24

145,159

145,540

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.25

03/14/24

04/18/24

490,346

491,633

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.35

03/14/24

04/18/24

963,615

966,193

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.35

03/14/24

04/18/24

6,140,512

6,156,938

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.35

03/14/24

04/18/24

460,549

461,781

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.35

03/14/24

04/18/24

370,520

371,511

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.35

03/14/24

04/18/24

2,856,729

2,864,371

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.35

03/14/24

04/18/24

956,019

958,576

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.35

03/14/24

04/18/24

1,619,675

1,624,008

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.35

03/14/24

04/18/24

330,000

330,883

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.35

03/14/24

04/18/24

573,141

574,674

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.35

03/14/24

04/18/24

1,753,125

1,757,815

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.35

03/14/24

04/18/24

4,166,189

4,177,333

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.35

03/14/24

04/18/24

1,262,307

1,265,684

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.40

03/14/24

04/18/24

812,006

814,199

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.40

03/14/24

04/18/24

464,750

466,005

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.40

03/14/24

04/18/24

174,900

175,372

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.40

03/14/24

04/18/24

1,586,812

1,591,097

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.40

03/14/24

04/18/24

103,950

104,231

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.40

03/14/24

04/18/24

596,000

597,609

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.40

03/14/24

04/18/24

982,811

985,465

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.40

03/14/24

04/18/24

2,995,200

3,003,287

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.40

03/14/24

04/18/24

509,250

510,625

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.40

03/14/24

04/18/24

4,308,000

4,319,632

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.40

03/14/24

04/18/24

1,399,791

1,403,571

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.40

03/14/24

04/18/24

179,883

180,368

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		33

Schedule of Investments (unaudited) (continued)

March 31, 2024

BlackRock Credit Allocation Income Trust (BTZ)

Reverse Repurchase Agreements (continued)

Counterparty

Interest

Rate

Trade

Date

Maturity

Date

^(a)

Face Value

Including

Accrued Interest

Type of Non-Cash Underlying

Collateral

Remaining

Contractual Maturity

of the Agreements

^(a)

BofA Securities, Inc.

5.40

03/14/24

04/18/24

1,162,500

1,165,639

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.40

03/14/24

04/18/24

1,726,744

1,731,406

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.40

03/14/24

04/18/24

237,490

238,131

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.40

03/14/24

04/18/24

236,175

236,813

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.40

03/14/24

04/18/24

4,349,450

4,361,194

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.40

03/14/24

04/18/24

323,021

323,893

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.40

03/14/24

04/18/24

322,124

322,993

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.40

03/14/24

04/18/24

1,574,781

1,579,033

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.40

03/14/24

04/18/24

412,961

414,076

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.45

03/14/24

04/18/24

870,931

873,304

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.45

03/14/24

04/18/24

477,000

478,300

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.45

03/14/24

04/18/24

417,858

418,996

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.45

03/14/24

04/18/24

3,502,529

3,512,073

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.45

03/14/24

04/18/24

5,535,000

5,550,083

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.45

03/14/24

04/18/24

1,892,500

1,897,657

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.45

03/14/24

04/18/24

526,496

527,931

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.45

03/14/24

04/18/24

536,393

537,854

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.45

03/14/24

04/18/24

1,042,500

1,045,341

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.45

03/14/24

04/18/24

5,035,810

5,049,533

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.45

03/14/24

04/18/24

4,175,000

4,186,377

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.45

03/14/24

04/18/24

552,335

553,840

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.45

03/14/24

04/18/24

873,940

876,321

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.45

03/14/24

04/18/24

1,281,455

1,284,947

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.45

03/14/24

04/18/24

348,750

349,700

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.45

03/14/24

04/18/24

2,374,129

2,380,598

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.45

03/14/24

04/18/24

655,050

656,835

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.45

03/14/24

04/18/24

870,618

872,990

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.45

03/14/24

04/18/24

269,000

269,733

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.45

03/14/24

04/18/24

1,649,629

1,654,124

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.45

03/14/24

04/18/24

7,209,375

7,229,021

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.45

03/14/24

04/18/24

3,960,000

3,970,791

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.45

03/14/24

04/18/24

407,546

408,657

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.48

03/14/24

04/18/24

2,700,000

2,707,398

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.48

03/14/24

04/18/24

2,966,250

2,974,378

Capital Trusts

Up to 30 Days

BofA Securities, Inc.

5.49

03/14/24

04/18/24

5,594,175

5,609,531

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.50

03/14/24

04/18/24

171,403

171,874

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.50

03/14/24

04/18/24

7,230,656

7,250,541

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.50

03/14/24

04/18/24

205,920

206,486

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.50

03/14/24

04/18/24

5,194,213

5,208,497

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.50

03/14/24

04/18/24

4,979,150

4,992,843

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.50

03/14/24

04/18/24

586,514

588,127

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.50

03/14/24

04/18/24

405,600

406,715

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.50

03/14/24

04/18/24

882,640

885,067

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.50

03/14/24

04/18/24

736,754

738,780

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.50

03/14/24

04/18/24

818,142

820,391

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.50

03/14/24

04/18/24

4,780,000

4,793,145

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.50

03/14/24

04/18/24

793,652

795,835

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.50

03/14/24

04/18/24

5,654,126

5,669,675

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.50

03/14/24

04/18/24

285,211

285,996

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.50

03/14/24

04/18/24

3,997,215

4,008,207

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.50

03/14/24

04/18/24

281,618

282,392

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.50

03/14/24

04/18/24

234,630

235,275

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.50

03/14/24

04/18/24

281,160

281,933

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.50

03/14/24

04/18/24

149,283

149,693

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.50

03/14/24

04/18/24

423,130

424,294

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.50

03/14/24

04/18/24

10,031,656

10,059,243

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.50

03/14/24

04/18/24

12,210,000

12,243,579

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.50

03/14/24

04/18/24

694,868

696,778

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.50

03/14/24

04/18/24

2,356,200

2,362,320

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.60

03/14/24

04/18/24

106,661

106,960

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.60

03/14/24

04/18/24

834,442

836,779

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.60

03/14/24

04/18/24

1,862,580

1,867,795

Corporate Bonds

Up to 30 Days


34

Schedule of Investments (unaudited) (continued)

March 31, 2024

BlackRock Credit Allocation Income Trust (BTZ)

Reverse Repurchase Agreements (continued)

Counterparty

Interest

Rate

Trade

Date

Maturity

Date

^(a)

Face Value

Including

Accrued Interest

Type of Non-Cash Underlying

Collateral

Remaining

Contractual Maturity

of the Agreements

^(a)

BofA Securities, Inc.

5.60

03/14/24

04/18/24

331,909

332,838

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.60

03/14/24

04/18/24

1,939,844

1,945,275

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.35

03/15/24

04/18/24

7,740,000

7,779,109

Corporate Bonds

Open/Demand

BofA Securities, Inc.

5.45

03/15/24

04/18/24

80,325

80,495

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.45

03/15/24

04/18/24

1,201,681

1,204,228

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.45

03/15/24

04/18/24

305,490

306,137

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.45

03/15/24

04/18/24

351,525

352,270

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.45

03/15/24

04/18/24

201,600

202,027

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.50

03/15/24

04/18/24

1,103,484

1,105,844

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.50

03/15/24

04/18/24

1,137,302

1,139,735

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.50

03/15/24

04/18/24

476,494

477,513

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.50

03/15/24

04/18/24

316,938

317,615

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.50

03/15/24

04/18/24

120,128

120,384

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.53

03/15/24

04/18/24

248,918

249,453

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.40

03/18/24

04/18/24

812,236

813,942

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.45

03/19/24

04/18/24

133,131

133,393

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.35

03/20/24

04/18/24

2,231,250

2,234,897

Capital Trusts

Up to 30 Days

BofA Securities, Inc.

4.25

03/21/24

04/18/24

3,286,569

3,290,449

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.40

03/21/24

04/18/24

1,584,821

1,587,198

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.40

03/21/24

04/18/24

588,233

589,115

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.40

03/21/24

04/18/24

404,937

405,545

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.40

03/21/24

04/18/24

753,974

755,105

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.40

03/21/24

04/18/24

598,438

599,335

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.40

03/21/24

04/18/24

1,573,877

1,576,238

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.40

03/21/24

04/18/24

745,168

746,285

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.40

03/21/24

04/18/24

633,325

634,275

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.40

03/21/24

04/18/24

1,180,800

1,182,571

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.40

03/21/24

04/18/24

1,667,587

1,670,089

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.40

03/21/24

04/18/24

1,552,680

1,555,009

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.40

03/21/24

04/18/24

927,306

928,697

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.40

03/21/24

04/18/24

295,811

296,255

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.40

03/21/24

04/18/24

737,315

738,421

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.40

03/21/24

04/18/24

584,783

585,660

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.45

03/21/24

04/18/24

315,582

316,059

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.45

03/21/24

04/18/24

773,344

774,515

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.45

03/21/24

04/18/24

201,131

201,435

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.45

03/21/24

04/18/24

222,066

222,402

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.45

03/21/24

04/18/24

537,559

538,373

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.45

03/21/24

04/18/24

262,920

263,318

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.45

03/21/24

04/18/24

326,869

327,364

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.45

03/21/24

04/18/24

462,070

462,770

Corporate Bonds

Up to 30 Days

Barclays Capital, Inc.

4.00

03/21/24

04/24/24

314,809

315,159

Foreign Agency Obligations

Up to 30 Days

Barclays Capital, Inc.

5.00

03/21/24

04/24/24

202,606

202,888

Corporate Bonds

Up to 30 Days

BNP Paribas SA

5.46

^(b)

03/21/24

Open

1,386,009

1,388,111

Corporate Bonds

Open/Demand

Nomura Securities International, Inc.

5.48

^(b)

03/21/24

Open

672,861

673,988

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

03/21/24

Open

857,371

858,679

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

03/21/24

Open

563,920

564,780

Corporate Bonds

Open/Demand

Barclays Capital, Inc.

2.00

03/22/24

04/24/24

42,640

42,664

Corporate Bonds

Up to 30 Days

Barclays Capital, Inc.

3.50

03/22/24

04/24/24

129,290

129,416

Foreign Agency Obligations

Up to 30 Days

Barclays Capital, Inc.

4.00

03/22/24

04/24/24

143,713

143,872

Corporate Bonds

Up to 30 Days

Barclays Capital, Inc.

4.25

03/22/24

04/24/24

135,750

135,910

Corporate Bonds

Up to 30 Days

Barclays Capital, Inc.

4.50

03/22/24

04/24/24

165,592

165,799

Foreign Agency Obligations

Up to 30 Days

Barclays Capital, Inc.

4.50

03/22/24

04/24/24

645,481

646,288

Corporate Bonds

Up to 30 Days

Barclays Capital, Inc.

4.50

03/22/24

04/24/24

403,613

404,117

Corporate Bonds

Up to 30 Days

Barclays Capital, Inc.

5.40

03/22/24

04/24/24

2,832,764

2,837,013

Foreign Agency Obligations

Up to 30 Days

Barclays Capital, Inc.

5.45

03/22/24

04/24/24

2,548,375

2,552,233

Corporate Bonds

Up to 30 Days

Barclays Capital, Inc.

5.45

03/22/24

04/24/24

4,256,250

4,262,694

Corporate Bonds

Up to 30 Days

Barclays Capital, Inc.

5.49

03/22/24

04/24/24

1,252,500

1,254,410

Corporate Bonds

Up to 30 Days

Barclays Capital, Inc.

5.49

03/22/24

04/24/24

4,895,200

4,902,665

Capital Trusts

Up to 30 Days

Barclays Capital, Inc.

5.49

03/22/24

04/24/24

3,093,862

3,098,581

Corporate Bonds

Up to 30 Days

Barclays Capital, Inc.

5.49

03/22/24

04/24/24

3,126,237

3,131,005

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		35

Schedule of Investments (unaudited) (continued)

March 31, 2024

BlackRock Credit Allocation Income Trust (BTZ)

Reverse Repurchase Agreements (continued)

Counterparty

Interest

Rate

Trade

Date

Maturity

Date

^(a)

Face Value

Including

Accrued Interest

Type of Non-Cash Underlying

Collateral

Remaining

Contractual Maturity

of the Agreements

^(a)

Barclays Capital, Inc.

5.49

03/22/24

04/24/24

2,100,000

2,103,203

Corporate Bonds

Up to 30 Days

Barclays Capital, Inc.

5.49

03/22/24

04/24/24

3,175,987

3,180,831

Corporate Bonds

Up to 30 Days

Barclays Capital, Inc.

5.50

03/22/24

04/24/24

3,803,229

3,809,040

Foreign Agency Obligations

Up to 30 Days

BofA Securities, Inc.

5.40

03/26/24

04/18/24

411,340

411,649

Corporate Bonds

Up to 30 Days

BNP Paribas SA

5.49

^(b)

03/26/24

Open

274,400

274,651

Corporate Bonds

Open/Demand

RBC Capital Markets, LLC

4.65

^(b)

03/26/24

Open

2,378,200

2,379,736

Corporate Bonds

Open/Demand

RBC Capital Markets, LLC

4.80

^(b)

03/26/24

Open

1,334,062

1,334,952

Corporate Bonds

Open/Demand

RBC Capital Markets, LLC

5.25

^(b)

03/26/24

Open

158,250

158,365

Corporate Bonds

Open/Demand

BNP Paribas SA

5.41

^(b)

03/28/24

Open

253,108

253,260

Corporate Bonds

Open/Demand

614,521,798

618,033,710

^(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		949		06/18/24	$	105,146	$	347,085
5-Year U.S. Treasury Note		839		06/28/24		89,786		266,186


								613,271

Short Contracts
10-Year U.S. Ultra Long Treasury Note		658		06/18/24		75,413		(408,855	)
U.S. Long Bond		1,032		06/18/24		124,292		(2,007,257	)
Ultra U.S. Treasury Bond		58		06/18/24		7,482		(146,806	)
2-Year U.S. Treasury Note		369		06/28/24		75,455		56,210


								(2,506,708	)


							$	(1,893,437	)

Forward Foreign Currency Exchange Contracts



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

USD	1,872,268		EUR	1,717,000	Deutsche Bank AG		06/20/24	$	14,034
USD	94,177		GBP	74,000	Deutsche Bank AG		06/20/24		740


								$	14,774

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.V2		5.00	%		Quarterly		12/20/28		USD 54,450	$	(4,099,387	)	$	(404,831	)	$	(3,694,556	)


36

Schedule of Investments (unaudited) (continued)

March 31, 2024

BlackRock Credit Allocation Income Trust (BTZ)

Fair Value Hierarchy as of Period End

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

•

Level 1 – Unadjusted price quotations in active markets/exchanges for identical assets or liabilities that the Trust has the ability to access;

•

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

•

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

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

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



	Level 1			Level 2			Level 3		Total

Assets
Investments
Long-Term Investments
Asset-Backed Securities	$	—		$	206,708,308		$	—	$	206,708,308
Common Stocks		—			27,506			121,368		148,874
Corporate Bonds		—			1,200,125,448			—		1,200,125,448
Floating Rate Loan Interests		—			74,612,485			1,998,689		76,611,174
Foreign Agency Obligations		—			21,609,439			—		21,609,439
Investment Companies		2,538,000			—			—		2,538,000
Municipal Bonds		—			10,556,539			—		10,556,539
Preferred Securities
Capital Trusts		—			131,060,886			—		131,060,886
Preferred Stocks		—			—			4,657,440		4,657,440
U.S. Government Sponsored Agency Securities		—			138,023,971			—		138,023,971
Warrants		—			—			—		—
Short-Term Securities
Money Market Funds		7,152,133			—			—		7,152,133
Unfunded Floating Rate Loan Interests^(a)		—			58			90		148
Liabilities
Investments
TBA Sale Commitments		—			(5,497,575	)		—		(5,497,575	)


	$	9,690,133		$	1,777,227,065		$	6,777,587	$	1,793,694,785

Derivative Financial Instruments^(b)
Assets
Foreign Currency Exchange Contracts	$	—		$	14,774		$	—	$	14,774
Interest Rate Contracts		669,481			—			—		669,481
Liabilities
Credit Contracts		—			(3,694,556	)		—		(3,694,556	)
Interest Rate Contracts		(2,562,918	)		—			—		(2,562,918	)


	$	(1,893,437	)	$	(3,679,782	)	$	—	$	(5,573,219	)

^(a)

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

^(b)

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

The Trust may hold assets and/or liabilities in which the fair value approximates the carrying amount or face value, including accrued interest, for financial reporting purposes. As of period end, reverse repurchase agreements of $618,033,710 are categorized as Level 2 within the fair value hierarchy.


S C H E D U L E O F I N V E S T M E N T S		37

Schedule of Investments (unaudited) (continued)

March 31, 2024

BlackRock Credit Allocation Income Trust (BTZ)


Currency Abbreviation

EUR		Euro

GBP		British Pound

USD		United States Dollar

Portfolio Abbreviation

BAB		Build America Bond

CLO		Collateralized Loan Obligation

CMT		Constant Maturity Treasury

DAC		Designated Activity Company

ETF		Exchange-Traded Fund

LIBOR		London Interbank Offered Rate

PCL		Public Company Limited

PIK		Payment-in-Kind

PJSC		Public Joint Stock Company

RB		Revenue Bond

REIT		Real Estate Investment Trust

SOFR		Secured Overnight Financing Rate

TBA		To-Be-Announced