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

Schedule of Investments (unaudited)

September 30, 2023

BlackRock Credit Allocation Income Trust (BTZ)

(Percentages shown are based on Net Assets)


Security	Par (000)		Value

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


Security	Par (000)		Value

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

Schedule of Investments (unaudited) (continued)

September 30, 2023

BlackRock Credit Allocation Income Trust (BTZ)

(Percentages shown are based on Net Assets)


Security	Par (000)		Value

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


Security	Par (000)		Value

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


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

Schedule of Investments (unaudited) (continued)

September 30, 2023

BlackRock Credit Allocation Income Trust (BTZ)

(Percentages shown are based on Net Assets)


Security	Par (000)		Value

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


Security	Par (000)		Value

Asset-Backed Securities (continued)
Trimaran CAVU Ltd.^(a)(b)(continued)
Series 2022-2A, Class B1, (3-mo. CME Term SOFR + 3.40%), 8.73%, 01/20/36		USD 1,500	$	1,507,800
Whitebox CLO I Ltd., Series 2019-1A, Class ANAR, (3-mo. CME Term SOFR + 1.39%), 6.74%, 07/24/32^(a)(b)		1,000		996,011
Whitebox CLO IV Ltd.^(a)(b)
Series 2023-4A, Class A1, (3-mo. CME Term SOFR + 2.15%), 6.93%, 04/20/36		2,000		2,005,558
Series 2023-4A, Class B1, (3-mo. CME Term SOFR + 2.60%), 7.38%, 04/20/36		1,000		1,001,300


Total Asset-Backed Securities — 16.4% (Cost: $164,937,351)				166,063,556


	Shares

Common Stocks

Entertainment — 0.0%
Learfield Communications LLC, (Acquired 09/06/23, Cost: $8,979)^(d)(e)		298		11,026


Total Common Stocks — 0.0% (Cost: $8,979)				11,026


	Par (000)

Corporate Bonds

Aerospace & Defense — 4.8%
Boeing Co., 5.15%, 05/01/30^(f)		USD 6,775		6,473,503
Bombardier, Inc.^(b)7.50%, 03/15/25		42		41,828
7.13%, 06/15/26^(f)		1,322		1,280,832
7.88%, 04/15/27^(f)		1,347		1,314,331
7.50%, 02/01/29^(f)		1,713		1,625,580
7.45%, 05/01/34		327		370,439
Embraer Netherlands Finance BV, 7.00%, 07/28/30^(b)		565		558,827
F-Brasile SpA/F-Brasile U.S. LLC, Series XR, 7.38%, 08/15/26^(b)(f)		1,000		929,490
General Dynamics Corp., 4.25%, 04/01/50^(f)		1,260		1,035,241
Moog, Inc., 4.25%, 12/15/27^(b)		320		288,934
Northrop Grumman Corp.^(f)4.03%, 10/15/47		2,400		1,837,021
5.25%, 05/01/50		3,050		2,812,428
Rolls-Royce PLC^(b)3.63%, 10/14/25		200		187,000
5.75%, 10/15/27		1,933		1,865,071
RTX Corp.^(f)4.63%, 11/16/48		2,805		2,285,605
3.13%, 07/01/50		3,545		2,204,064
Spirit AeroSystems, Inc.^(b)7.50%, 04/15/25		332		325,651
9.38%, 11/30/29		922		938,259
TransDigm, Inc. 6.25%, 03/15/26^(b)		16,639		16,349,160
7.50%, 03/15/27		432		432,785
6.75%, 08/15/28^(b)		3,501		3,446,695

Schedule of Investments (unaudited) (continued)

September 30, 2023

BlackRock Credit Allocation Income Trust (BTZ)

(Percentages shown are based on Net Assets)


Security	Par (000)		Value

Aerospace & Defense (continued)
TransDigm, Inc. (continued) 6.88%, 12/15/30	USD	281	$	275,533
Triumph Group, Inc., 9.00%, 03/15/28^(b)		1,348		1,332,911

				48,211,188

Air Freight & Logistics — 0.0%
XPO Escrow Sub LLC, 7.50%, 11/15/27^(b)		105		106,159


Automobile Components — 1.4%
Clarios Global LP, 6.75%, 05/15/25^(b)		631		626,250
Clarios Global LP/Clarios U.S. Finance Co. 4.38%, 05/15/26^(g)	EUR	246		249,651
6.25%, 05/15/26^(b)(f)	USD	4,933		4,826,663
8.50%, 05/15/27^(b)(f)		7,045		7,024,791
6.75%, 05/15/28^(b)(f)		1,200		1,171,500
Goodyear Tire & Rubber Co. 5.00%, 07/15/29^(f)		207		178,293
5.63%, 04/30/33		53		43,376
SK On Co. Ltd., 5.38%, 05/11/26^(g)		200		198,196

				14,318,720

Automobiles — 2.1%
Asbury Automotive Group, Inc. 4.50%, 03/01/28		221		197,842
5.00%, 02/15/32^(b)		293		242,762
Ford Motor Co.^(f)3.25%, 02/12/32		908		699,762
6.10%, 08/19/32		5,676		5,346,297
Ford Motor Credit Co. LLC 5.13%, 06/16/25		1,270		1,229,389
2.70%, 08/10/26		613		547,020
4.95%, 05/28/27^(f)		400		375,461
6.80%, 05/12/28		886		884,975
5.11%, 05/03/29		200		183,066
7.35%, 03/06/30		635		643,051
7.20%, 06/10/30		1,209		1,215,045
3.63%, 06/17/31		256		206,861
General Motors Co.^(f)6.25%, 10/02/43		940		842,185
5.95%, 04/01/49		3,455		2,930,427
Hyundai Capital America^(g)5.50%, 03/30/26		200		197,376
2.38%, 10/15/27		200		173,147
Jaguar Land Rover Automotive PLC, 4.50%, 10/01/27^(g)		500		433,132
LCM Investments Holdings II LLC^(b)4.88%, 05/01/29		456		387,694
8.25%, 08/01/31		370		359,426
Lithia Motors, Inc., 3.88%, 06/01/29^(b)		269		226,713
Nissan Motor Acceptance Co. LLC 6.95%, 09/15/26^(b)		3,265		3,288,940
6.95%, 09/15/26		75		75,533
7.05%, 09/15/28		150		149,609
Nissan Motor Co. Ltd., 4.81%, 09/17/30		200		172,499
TML Holdings Pte. Ltd., 4.35%, 06/09/26^(g)		200		182,162

				21,190,374

Banks — 4.0%
ABQ Finance Ltd., 3.13%, 09/24/24^(g)		200		194,120
Abu Dhabi Commercial Bank PJSC, 3.50%, 03/31/27^(g)		212		197,340
Agricultural Bank of China Ltd., 1.25%, 01/19/26^(g)		200		182,142


Security	Par (000)		Value

Banks (continued)
Australia & New Zealand Banking Group Ltd., (5-year CMT + 1.70%), 2.57%, 11/25/35^(a)(b)(f)	USD	5,445	$	4,031,021
Bangkok Bank PCL 4.45%, 09/19/28^(g)		200		189,682
(5-year CMT + 1.90%), 3.73%, 09/25/34^(a)(g)		200		166,434
(5-year CMT + 4.73%), 5.00%		222		208,287
Bank Mandiri Persero Tbk PT, 5.50%, 04/04/26^(g)		200		197,522
Bank Negara Indonesia Persero Tbk PT, 3.75%, 03/30/26^(g)		200		184,000
Bank of China Ltd.^(g)1.00%, 11/02/24		200		189,750
1.40%, 04/28/26		200		180,686
Bank of East Asia Ltd., (5-year CMT + 5.53%), 5.83%^(a)(g)(h)		750		596,483
China Construction Bank Corp., (5-year CMT + 2.15%), 2.45%, 06/24/30^(a)(g)		200		188,550
First Abu Dhabi Bank PJSC, (5-year CMT + 1.70%), 6.32%, 04/04/34^(a)(c)(g)		200		199,750
Freedom Mortgage Corp., 12.00%, 10/01/28^(b)		147		149,477
Industrial & Commercial Bank of China Ltd., 2.95%, 06/01/25^(g)		200		191,330
Industrial & Commercial Bank of China Macau Ltd., (5-year CMT + 1.65%), 2.88%, 09/12/29^(a)(g)		200		193,792
Intesa Sanpaolo SpA, 5.71%, 01/15/26^(b)		9,840		9,395,264
Kasikornbank PCL^(a)(g)
(5-year CMT + 1.70%), 3.34%, 10/02/31		468		416,609
(5-year CMT + 3.34%), 4.00%^(h)		300		257,502
Macquarie Bank Ltd., 6.80%, 01/18/33^(b)(f)		5,110		5,013,478
NongHyup Bank, 4.00%, 01/06/26^(g)		200		192,672
QNB Finance Ltd., 2.63%, 05/12/25^(g)		200		189,100
Shinhan Financial Group Co. Ltd., 1.35%, 01/10/26^(g)		200		181,522
SNB Funding Ltd., 2.75%, 10/02/24^(g)		200		192,348
Truist Financial Corp., (1-day SOFR + 2.05%), 6.05%, 06/08/27^(f)		9,310		9,208,729
United Overseas Bank Ltd., 1.25%, 04/14/26^(g)		200		180,390
Wells Fargo & Co.^(f)5.61%, 01/15/44		4,119		3,652,565
(1-day SOFR + 1.51%), 3.53%, 03/24/28^(a)		4,075		3,742,372

				40,062,917

Beverages — 2.7%
Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc., 4.90%, 02/01/46^(f)		6,170		5,377,426
Anheuser-Busch InBev Worldwide, Inc., 5.55%, 01/23/49^(f)		5,000		4,788,963
ARD Finance SA, (6.50% Cash or 7.25% PIK), 6.50%, 06/30/27^(b)(i)		2,781		2,098,100
Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC^(b)6.00%, 06/15/27		509		489,133
3.25%, 09/01/28		200		166,758
4.00%, 09/01/29^(f)		3,414		2,671,698
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc. 5.25%, 04/30/25^(b)		600		584,851
2.13%, 08/15/26^(g)	EUR	304		284,860
5.25%, 08/15/27^(b)	USD	200		166,899
Ball Corp. 5.25%, 07/01/25		30		29,421
6.00%, 06/15/29^(f)		290		281,538
3.13%, 09/15/31^(f)		234		183,241


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

Schedule of Investments (unaudited) (continued)

September 30, 2023

BlackRock Credit Allocation Income Trust (BTZ)

(Percentages shown are based on Net Assets)


Security	Par (000)		Value

Beverages (continued)
Canpack SA/Canpack U.S. LLC, 3.13%, 11/01/25^(b)	USD	228	$	211,447
Crown Cork & Seal Co., Inc., 7.38%, 12/15/26		151		153,265
Mauser Packaging Solutions Holding Co.^(b)7.88%, 08/15/26		4,571		4,409,808
9.25%, 04/15/27		154		134,609
Owens-Brockway Glass Container, Inc., 6.63%, 05/13/27^(b)		59		57,518
Trivium Packaging Finance BV^(b)5.50%, 08/15/26		2,830		2,638,786
8.50%, 08/15/27		2,393		2,186,926

				26,915,247

Biotechnology — 0.5%
Baxalta, Inc., 5.25%, 06/23/45^(f)		6,000		5,344,096


Broadline Retail — 0.1%
Alibaba Group Holding Ltd. 3.60%, 11/28/24		200		194,612
2.70%, 02/09/41		200		119,574
NMG Holding Co., Inc./Neiman Marcus Group LLC, 7.13%, 04/01/26^(b)		222		208,260

				522,446

Building Materials — 0.8%
Camelot Return Merger Sub, Inc., 8.75%, 08/01/28^(b)		336		324,123
Emerald Debt Merger Sub LLC^(b)6.38%, 12/15/30	EUR	240		252,811
6.63%, 12/15/30	USD	3,889		3,743,842
Jeld-Wen, Inc., 4.63%, 12/15/25^(b)		328		314,936
Masonite International Corp., 5.38%, 02/01/28^(b)(f)		235		218,578
New Enterprise Stone & Lime Co., Inc., 5.25%, 07/15/28^(b)		163		146,255
Smyrna Ready Mix Concrete LLC, 6.00%, 11/01/28^(b)(f)		1,146		1,058,286
Standard Industries, Inc. 2.25%, 11/21/26^(g)	EUR	156		145,432
5.00%, 02/15/27^(b)	USD	412		381,904
4.75%, 01/15/28^(b)		26		23,452
4.38%, 07/15/30^(b)		1,443		1,195,091
3.38%, 01/15/31^(b)		298		230,348
Summit Materials LLC/Summit Materials Finance Corp., 5.25%, 01/15/29^(b)		90		81,720

				8,116,778

Building Products — 1.0%
Advanced Drainage Systems, Inc.^(b)5.00%, 09/30/27		173		161,613
6.38%, 06/15/30		724		695,366
Beacon Roofing Supply, Inc.^(b)4.13%, 05/15/29		86		73,530
6.50%, 08/01/30		373		361,478
GYP Holdings III Corp., 4.63%, 05/01/29^(b)		350		301,501
Lowe’s Cos., Inc., 5.63%, 04/15/53^(f)		4,345		3,949,241
Specialty Building Products Holdings LLC/SBP Finance Corp., 6.38%, 09/30/26^(b)		113		105,671
SRS Distribution, Inc.^(b)4.63%, 07/01/28		904		780,969
6.13%, 07/01/29^(f)		1,062		904,457
6.00%, 12/01/29^(f)		880		739,200


Security	Par (000)		Value

Building Products (continued)
White Cap Buyer LLC, 6.88%, 10/15/28^(b)(f)	USD	2,121	$	1,874,562
White Cap Parent LLC, (8.25% Cash or 9.00% PIK), 8.25%, 03/15/26^(b)(i)		92		88,764

				10,036,352

Capital Markets — 1.2%
Compass Group Diversified Holdings LLC, 5.25%, 04/15/29^(b)(f)		447		390,807
Gaci First Investment Co., 4.88%, 02/14/35^(g)		200		181,028
GLP Capital LP/GLP Financing II, Inc., 3.25%, 01/15/32		725		562,664
Huarong Finance II Co. Ltd., 4.63%, 06/03/26^(g)		200		174,724
Icahn Enterprises LP/Icahn Enterprises Finance Corp.
6.25%, 05/15/26^(f)		832		772,964
5.25%, 05/15/27^(f)		2,656		2,334,571
4.38%, 02/01/29		675		539,770
Jefferies Financial Group, Inc., 5.50%, 10/18/23^(f)		4,000		3,997,254
NFP Corp.^(b)4.88%, 08/15/28		105		92,437
6.88%, 08/15/28		401		343,528
7.50%, 10/01/30		170		163,256
State Street Corp., (1-day SOFR + 1.72%), 5.82%, 11/04/28^(a)(f)		2,925		2,928,906

				12,481,909

Chemicals — 2.7%
Avient Corp., 7.13%, 08/01/30^(b)		180		176,830
Axalta Coating Systems LLC, 3.38%, 02/15/29^(b)		940		782,636
Axalta Coating Systems LLC/Axalta Coating Systems Dutch Holding B BV, 4.75%, 06/15/27^(b)		597		554,722
Bluestar Finance Holdings Ltd., 3.38%, 07/16/24^(g)		200		195,554
Chemours Co.^(b)5.75%, 11/15/28		68		59,017
4.63%, 11/15/29		261		209,962
CNAC HK Finbridge Co. Ltd., 2.00%, 09/22/25^(g)		300		276,738
DuPont de Nemours, Inc., 5.42%, 11/15/48^(f)		7,500		6,873,216
Element Solutions, Inc., 3.88%, 09/01/28^(b)		3,039		2,622,617
GC Treasury Center Co. Ltd., 2.98%, 03/18/31^(g)		200		157,566
Herens Holdco SARL, 4.75%, 05/15/28^(b)		490		380,469
Illuminate Buyer LLC/Illuminate Holdings IV, Inc., 9.00%, 07/01/28^(b)(f)		445		420,280
Ingevity Corp., 3.88%, 11/01/28^(b)		100		82,452
LG Chem Ltd., 2.38%, 07/07/31^(g)		200		155,522
LYB Finance Co. BV, 8.10%, 03/15/27^(b)		6,000		6,361,961
NOVA Chemicals Corp., 4.88%, 06/01/24^(b)		240		235,797
Olympus Water U.S. Holding Corp., 9.75%, 11/15/28^(b).		996		993,847
SCIL IV LLC/SCIL USA Holdings LLC, 5.38%, 11/01/26^(b)(f)		480		438,585
Scotts Miracle-Gro Co., 4.00%, 04/01/31		250		191,008
SK Invictus Intermediate II SARL, 5.00%, 10/30/29^(b)		877		702,854
UPL Corp. Ltd., (5-year CMT + 3.87%), 5.25%^(a)(g)(h)		500		381,105
WESCO Distribution, Inc.^(b)7.13%, 06/15/25		1,485		1,488,506
7.25%, 06/15/28^(f)		1,384		1,390,715
WR Grace Holdings LLC^(b)4.88%, 06/15/27		224		205,506
5.63%, 08/15/29^(f)		2,101		1,699,184
7.38%, 03/01/31		373		361,617

				27,398,266

Schedule of Investments (unaudited) (continued)

September 30, 2023

BlackRock Credit Allocation Income Trust (BTZ)

(Percentages shown are based on Net Assets)


Security	Par (000)		Value

Commercial Services & Supplies — 1.5%
ADT Security Corp.^(b)4.13%, 08/01/29		USD 91	$	76,941
4.88%, 07/15/32		101		84,335
AerCap Global Aviation Trust, (3-mo. CME Term SOFR + 4.56%), 6.50%, 06/15/45^(a)(b)		5,000		4,899,109
APX Group, Inc., 5.75%, 07/15/29^(b)		555		467,652
Cablevision Lightpath LLC, 3.88%, 09/15/27^(b)		368		307,280
Fortress Transportation and Infrastructure Investors LLC^(b)6.50%, 10/01/25		1,040		1,022,158
9.75%, 08/01/27		511		528,548
5.50%, 05/01/28^(f)		1,180		1,069,772
Garda World Security Corp., 9.50%, 11/01/27^(b)		84		80,314
Herc Holdings, Inc., 5.50%, 07/15/27^(b)(f)		1,181		1,116,818
Hertz Corp., 5.00%, 12/01/29^(b)(f)		439		343,703
LABL, Inc., 9.50%, 11/01/28^(b)		710		727,750
Metis Merger Sub LLC, 6.50%, 05/15/29^(b)		310		261,862
NESCO Holdings II, Inc., 5.50%, 04/15/29^(b)		356		312,390
Prime Security Services Borrower LLC/Prime Finance, Inc.^(b)5.75%, 04/15/26		637		617,997
6.25%, 01/15/28^(f)		879		814,102
Sotheby’s/Bidfair Holdings, Inc., 5.88%, 06/01/29^(b)(f)		882		707,805
Williams Scotsman International, Inc.^(b)6.13%, 06/15/25		823		814,770
4.63%, 08/15/28		269		240,755
Williams Scotsman, Inc., 7.38%, 10/01/31		589		585,787

				15,079,848

Communications Equipment — 0.3%
CommScope Technologies LLC, 6.00%, 06/15/25^(b)(f)		369		351,271
CommScope, Inc., 4.75%, 09/01/29^(b)		907		667,139
Viasat, Inc. 5.63%, 09/15/25^(b)		1,316		1,215,655
5.63%, 04/15/27^(b)		821		711,285
7.50%, 05/30/31		74		48,877
Viavi Solutions, Inc., 3.75%, 10/01/29^(b)		412		334,915

				3,329,142

Construction & Engineering — 0.2%
Brand Industrial Services, Inc., 10.38%, 08/01/30		2,257		2,260,476


Construction Materials^(b)— 0.1%
American Builders & Contractors Supply Co., Inc., Series A, 3.88%, 11/15/29		24		20,000
BCPE Empire Holdings, Inc., 7.63%, 05/01/27		568		539,447
H&E Equipment Services, Inc., 3.88%, 12/15/28		132		112,714
Resideo Funding, Inc., 4.00%, 09/01/29		97		79,693
Ritchie Bros Holdings, Inc., 6.75%, 03/15/28		117		116,731

				868,585

Consumer Discretionary^(b)— 1.5%
Carnival Corp. 7.63%, 03/01/26^(f)		273		265,570
5.75%, 03/01/27		1,200		1,086,269
9.88%, 08/01/27		957		999,036
4.00%, 08/01/28		434		376,311
6.00%, 05/01/29^(f)		992		846,159
7.00%, 08/15/29		242		238,618
Carnival Holdings Bermuda Ltd., 10.38%, 05/01/28		3,660		3,924,504
CoreLogic, Inc., 4.50%, 05/01/28^(f)		1,488		1,129,065
Life Time, Inc. 5.75%, 01/15/26		256		248,060


Security	Par (000)		Value

Consumer Discretionary (continued)
Life Time, Inc. (continued) 8.00%, 04/15/26		USD 254	$	249,555
Lindblad Expeditions LLC, 6.75%, 02/15/27		480		449,400
NCL Corp. Ltd. 5.88%, 03/15/26		244		225,271
8.38%, 02/01/28		206		208,960
7.75%, 02/15/29		78		72,394
NCL Finance Ltd., 6.13%, 03/15/28^(f)		530		467,725
Neptune Bidco U.S., Inc., 9.29%, 04/15/29		128		115,880
Royal Caribbean Cruises Ltd. 4.25%, 07/01/26		200		183,378
5.50%, 08/31/26		313		295,441
5.38%, 07/15/27^(f)		378		349,840
11.63%, 08/15/27		284		308,111
5.50%, 04/01/28		162		148,553
8.25%, 01/15/29		302		311,643
9.25%, 01/15/29		606		640,201
7.25%, 01/15/30		515		510,412
Viking Cruises Ltd. 5.88%, 09/15/27^(f)		350		319,445
7.00%, 02/15/29		74		68,080
9.13%, 07/15/31		971		971,447
Viking Ocean Cruises Ship VII Ltd., 5.63%, 02/15/29		283		256,115

				15,265,443

Consumer Finance — 2.3%
Block, Inc.^(f)2.75%, 06/01/26		1,181		1,062,189
3.50%, 06/01/31		2,228		1,750,230
Capital One Financial Corp., (1-day SOFR + 2.64%), 6.31%, 06/08/29^(a)(f)		6,980		6,821,533
Global Payments, Inc., 5.95%, 08/15/52^(f)		4,547		4,076,725
GTCR W-2 Merger Sub LLC, 7.50%, 01/15/31^(b)(c)		1,869		1,871,616
KB Kookmin Card Co. Ltd., 4.00%, 06/09/25^(g)		200		193,128
Navient Corp. 5.50%, 03/15/29		480		403,205
9.38%, 07/25/30		228		224,865
OneMain Finance Corp. 6.88%, 03/15/25		112		111,112
7.13%, 03/15/26^(f)		781		764,897
6.63%, 01/15/28		295		272,188
5.38%, 11/15/29		1,233		1,032,637
4.00%, 09/15/30		141		105,800
Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc., 4.63%, 11/01/26^(b)(f)		788		742,974
Shinhan Card Co. Ltd., 1.38%, 10/19/25^(g)		200		181,986
SLM Corp., 3.13%, 11/02/26		347		300,986
Verscend Escrow Corp., 9.75%, 08/15/26^(b)		3,791		3,791,660

				23,707,731

Consumer Staples Distribution & Retail — 2.4%
Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC^(b)3.25%, 03/15/26		1,389		1,286,579
4.63%, 01/15/27		1,961		1,851,612
5.88%, 02/15/28		928		893,180
6.50%, 02/15/28		237		234,245
3.50%, 03/15/29		158		134,709
4.88%, 02/15/30^(f)		387		348,696
CK Hutchison International 21 Ltd., 2.50%, 04/15/31^(f)(g)		200		160,046


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

Schedule of Investments (unaudited) (continued)

September 30, 2023

BlackRock Credit Allocation Income Trust (BTZ)

(Percentages shown are based on Net Assets)


Security	Par (000)		Value

Consumer Staples Distribution & Retail (continued)
CK Hutchison International 23 Ltd.^(g)4.75%, 04/21/28^(f)	USD	400	$	385,296
4.88%, 04/21/33		400		372,168
Darling Ingredients, Inc., 6.00%, 06/15/30^(b)(f)		714		675,967
General Mills, Inc.^(f)5.24%, 11/18/25		935		926,576
4.20%, 04/17/28		620		584,502
Kraft Heinz Foods Co. 4.25%, 03/01/31		68		61,944
5.00%, 07/15/35		214		198,386
7.13%, 08/01/39^(b)(f)		4,415		4,684,315
4.63%, 10/01/39		100		84,465
5.00%, 06/04/42		12		10,393
4.38%, 06/01/46		158		123,120
5.50%, 06/01/50^(f)		2,825		2,575,302
Lamb Weston Holdings,Inc.^(b)4.88%, 05/15/28		460		424,279
4.13%, 01/31/30^(f)		515		440,402
4.38%, 01/31/32^(f)		266		222,838
Performance Food Group, Inc., 4.25%, 08/01/29^(b)		700		604,687
Post Holdings, Inc.^(b)4.63%, 04/15/30^(f)		434		371,625
4.50%, 09/15/31		19		15,814
U.S. Foods, Inc. 6.88%, 09/15/28		280		279,412
4.75%, 02/15/29^(b)		595		531,792
4.63%, 06/01/30^(b)		67		58,210
7.25%, 01/15/32^(b)		338		337,659
United Natural Foods, Inc., 6.75%, 10/15/28^(b)		53		40,402
Walmart, Inc., Series M, 5.25%, 09/01/35^(f)		5,150		5,158,273

				24,076,894

Containers & Packaging — 1.9%
Clydesdale Acquisition Holdings, Inc.^(b)6.63%, 04/15/29		1,027		954,892
8.75%, 04/15/30		633		542,898
Crown Americas LLC/Crown Americas Capital Corp. V, 4.25%, 09/30/26		224		210,560
Crown Americas LLC/Crown Americas Capital Corp. VI, 4.75%, 02/01/26		355		340,963
International Paper Co.^(f)8.70%, 06/15/38		4,000		4,635,626
7.30%, 11/15/39		10,000		10,764,550
LABL, Inc., 5.88%, 11/01/28^(b)		418		375,247
OI European Group BV, 6.25%, 05/15/28	EUR	175		188,053
Owens-Brockway Glass Container, Inc., 7.25%, 05/15/31^(b)(f)	USD	353		345,058
Sealed Air Corp.^(b)4.00%, 12/01/27		109		97,260
5.00%, 04/15/29		86		77,324
Sealed Air Corp./Sealed Air Corp. U.S., 6.13%, 02/01/28^(b)		250		242,130

				18,774,561

Diversified Consumer Services — 1.5%
Allied Universal Holdco LLC/Allied Universal Finance Corp.^(b)6.63%, 07/15/26^(f)		5,356		5,075,023
9.75%, 07/15/27^(f)		3,786		3,386,252
6.00%, 06/01/29		200		149,097


Security	Par (000)		Value

Diversified Consumer Services (continued)
Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 SARL, 4.63%, 06/01/28^(b)	USD	2,354	$	1,957,851
Clarivate Science Holdings Corp.^(b)3.88%, 07/01/28		1,602		1,386,852
4.88%, 07/01/29^(f)		771		657,160
Garda World Security Corp.^(b)4.63%, 02/15/27		194		177,522
7.75%, 02/15/28		860		843,146
Kodit Global Co. Ltd., Series 2023, Class 1, 4.95%, 05/25/26^(g)		200		196,130
Macquarie Airfinance Holdings Ltd., 8.13%, 03/30/29		259		259,350
Service Corp. International 5.13%, 06/01/29		468		432,666
3.38%, 08/15/30^(f)		1,318		1,062,308

				15,583,357

Diversified REITs — 1.4%
Crown Castle, Inc.^(f)1.05%, 07/15/26		925		811,666
3.65%, 09/01/27		8,000		7,343,981
Global Net Lease, Inc./Global Net Lease Operating Partnership LP, 3.75%, 12/15/27^(b)		197		152,526
Iron Mountain, Inc.^(b)4.88%, 09/15/27		606		558,947
7.00%, 02/15/29		876		856,757
5.63%, 07/15/32		493		425,608
MPT Operating Partnership LP/MPT Finance Corp. 2.55%, 12/05/23	GBP	158		187,085
2.50%, 03/24/26		100		92,420
4.63%, 08/01/29^(f)	USD	330		233,727
3.50%, 03/15/31		1,801		1,124,670
RHP Hotel Properties LP/RHP Finance Corp. 4.75%, 10/15/27		146		132,860
7.25%, 07/15/28		485		476,509
4.50%, 02/15/29^(b)		1,704		1,460,252
RLJ Lodging Trust LP, 4.00%, 09/15/29^(b)		199		162,969
Service Properties Trust, 7.50%, 09/15/25		242		237,749

				14,257,726

Diversified Telecommunication Services — 6.4%
Altice Financing SA^(b)5.13%, 07/15/29		796		565,881
5.75%, 08/15/29		1,675		1,372,719
AT&T, Inc. 4.65%, 06/01/44		28		21,967
4.35%, 06/15/45		95		71,087
3.50%, 09/15/53^(f)		15,960		9,860,870
Level 3 Financing, Inc.^(b)3.40%, 03/01/27		1,069		1,000,990
4.63%, 09/15/27		1,727		1,242,002
3.63%, 01/15/29		183		102,480
10.50%, 05/15/30		2,491		2,507,411
Lumen Technologies, Inc., 4.00%, 02/15/27^(b)		871		573,510
Sprint Capital Corp.^(f)6.88%, 11/15/28		3,063		3,162,536
8.75%, 03/15/32		2,041		2,361,123
Telecom Italia Capital SA 6.38%, 11/15/33		393		340,760
6.00%, 09/30/34		763		636,175
7.20%, 07/18/36		80		71,183
7.72%, 06/04/38		117		107,055

Schedule of Investments (unaudited) (continued)

September 30, 2023

BlackRock Credit Allocation Income Trust (BTZ)

(Percentages shown are based on Net Assets)


Security	Par (000)		Value

Diversified Telecommunication Services (continued)
Telecom Italia SpA, 5.30%, 05/30/24^(b)	USD	1,062	$	1,044,146
Telefonica Emisiones SA, 5.21%, 03/08/47^(f)		5,000		3,982,327
Verizon Communications, Inc.^(f)6.40%, 09/15/33		9,475		9,713,927
6.55%, 09/15/43		13,225		13,635,829
5.01%, 04/15/49		6,998		6,100,575
Zayo Group Holdings, Inc.^(b)(f)4.00%, 03/01/27		7,103		5,269,613
6.13%, 03/01/28		1,263		811,755

				64,555,921

Electric Utilities — 4.7%
Abu Dhabi National Energy Co. PJSC, 4.38%, 04/23/25^(g)		200		195,800
China Huaneng Group Hong Kong Treasury Management Holding Ltd., 1.60%, 01/20/26^(g)		200		182,926
Edison International, Series A, (5-year CMT + 4.70%), 5.38%^(a)(h)		6,851		6,044,067
Emera, Inc., Series 16-A, (3-mo. LIBOR US + 5.44%), 6.75%, 06/15/76^(a)		7,500		7,199,738
Korea Western Power Co. Ltd., 4.13%, 06/28/25^(g)		200		193,824
LLPL Capital Pte. Ltd., 6.88%, 02/04/39^(g)		161		142,877
Minejesa Capital BV, 4.63%, 08/10/30^(g)		200		178,344
Mong Duong Finance Holdings BV, 5.13%, 05/07/29		605		547,434
NextEra Energy Capital Holdings, Inc., (3-mo. LIBOR US + 2.41%), 4.80%, 12/01/77^(a)(f)		5,000		4,318,658
NextEra Energy Operating Partners LP^(b)4.25%, 07/15/24		712		696,822
4.25%, 09/15/24		26		24,895
3.88%, 10/15/26		174		157,542
Oncor Electric Delivery Co. LLC, 5.30%, 06/01/42^(f)		2,750		2,623,064
Pacific Gas and Electric Co., 4.20%, 06/01/41		2,310		1,622,773
Pattern Energy Operations LP/Pattern Energy Operations, Inc., 4.50%, 08/15/28^(b)		566		491,571
Perusahaan Perseroan Persero PT Perusahaan Listrik Negara, 3.00%, 06/30/30^(g)		350		286,454
PG&E Corp., 5.25%, 07/01/30		226		196,408
Progress Energy, Inc., 7.00%, 10/30/31^(f)		12,000		12,640,931
Sempra, (5-year CMT + 4.55%), 4.88%^(a)(h)		4,375		4,145,252
Southern California Edison Co., 5.88%, 12/01/53^(f)		4,000		3,759,126
Star Energy Geothermal Darajat II/Star Energy Geothermal Salak, 4.85%, 10/14/38^(g)		200		170,090
State Grid Overseas Investment BVI Ltd.^(g)1.00%, 08/05/25		200		183,844
3.50%, 05/04/27		200		188,156
Talen Energy Supply LLC, 8.63%, 06/01/30^(b)		202		207,071
Three Gorges Finance I Cayman Islands Ltd., 3.15%, 06/02/26^(g)		200		188,104
TransAlta Corp., 7.75%, 11/15/29		165		167,063
Vistra Operations Co. LLC^(b)5.50%, 09/01/26		23		21,933
5.63%, 02/15/27		812		769,997
5.00%, 07/31/27		23		21,146

				47,565,910

Electrical Equipment^(b)— 0.2%
Gates Global LLC/Gates Corp., 6.25%, 01/15/26		714		695,784
GrafTech Finance, Inc., 4.63%, 12/15/28		35		27,065


Security	Par (000)		Value

Electrical Equipment (continued)
Regal Rexnord Corp.
6.05%, 04/15/28		USD 940	$	914,307
6.30%, 02/15/30		350		338,090
6.40%, 04/15/33		510		491,236

				2,466,482

Electronic Equipment, Instruments & Components^(b)— 0.3%
BWX Technologies, Inc.
4.13%, 06/30/28		70		61,887
4.13%, 04/15/29		248		217,000
Coherent Corp., 5.00%, 12/15/29^(f)		687		595,657
Imola Merger Corp., 4.75%, 05/15/29		784		687,098
Vertiv Group Corp., 4.13%, 11/15/28		1,191		1,046,902

				2,608,544

Energy Equipment & Services — 0.4%
Archrock Partners LP/Archrock Partners Finance Corp.^(b)
6.88%, 04/01/27		1,295		1,252,708
6.25%, 04/01/28		98		91,240
Oceaneering International, Inc., 6.00%, 02/01/28^(b)(c)		101		95,149
Seadrill Finance Ltd., 8.38%, 08/01/30		222		226,023
Shelf Drilling Holdings, 9.63%, 04/15/29^(c)		289		285,749
USA Compression Partners LP/USA Compression Finance Corp.
6.88%, 04/01/26		927		908,036
6.88%, 09/01/27		621		602,030
Weatherford International Ltd.^(b)
6.50%, 09/15/28		111		111,011
8.63%, 04/30/30^(f)		505		508,866

				4,080,812

Environmental, Maintenance & Security Service — 0.7%
Clean Harbors, Inc.^(b)
5.13%, 07/15/29		1,142		1,050,533
6.38%, 02/01/31		168		163,358
Covanta Holding Corp.
4.88%, 12/01/29^(b)		142		116,497
5.00%, 09/01/30		282		225,036
GFL Environmental, Inc.^(b)
4.25%, 06/01/25		26		24,986
3.75%, 08/01/25		443		419,912
5.13%, 12/15/26^(f)		2,367		2,254,777
4.00%, 08/01/28		36		31,456
3.50%, 09/01/28		376		323,702
4.75%, 06/15/29^(f)		558		496,011
4.38%, 08/15/29		508		441,254
Tervita Corp., 11.00%, 12/01/25^(b)		182		190,274
Waste Pro USA, Inc., 5.50%, 02/15/26^(b)		1,818		1,697,605

				7,435,401

Financial Services — 6.5%
Acuris Finance U.S., Inc./Acuris Finance SARL, 5.00%, 05/01/28^(b)		724		595,490
Ally Financial, Inc., Series B, (5-year CMT + 3.87%), 4.70%^(a)(f)(h)		3,375		2,316,061
Bank of America Corp.^(a)(f)
(1-day SOFR + 1.83%), 4.57%, 04/27/33		9,380		8,327,875
(1-day SOFR + 1.99%), 6.20%, 11/10/28		3,090		3,103,956
Barclays PLC, (3-mo. LIBOR US + 1.90%), 4.97%, 05/16/29^(a)(f)		3,220		3,008,065


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

Schedule of Investments (unaudited) (continued)

September 30, 2023

BlackRock Credit Allocation Income Trust (BTZ)

(Percentages shown are based on Net Assets)


Security	Par (000)		Value

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

				65,371,562

Food Products — 0.6%
Aramark International Finance SARL, 3.13%, 04/01/25^(g)	EUR	200		207,348
Aramark Services, Inc.^(b)5.00%, 04/01/25	USD	1,049		1,031,073
6.38%, 05/01/25		1,567		1,591,978


Security	Par (000)		Value

Food Products (continued)
Aramark Services, Inc.^(b)(continued) 5.00%, 02/01/28^(f)	USD	686	$	634,436
B&G Foods, Inc., 8.00%, 09/15/28		162		162,221
Chobani LLC/Chobani Finance Corp., Inc.^(b)7.50%, 04/15/25^(f)		1,562		1,547,286
4.63%, 11/15/28		675		595,336
Darling Global Finance BV, 3.63%, 05/15/26^(g)	EUR	100		102,293
Simmons Foods, Inc./Simmons Prepared Foods, Inc./Simmons Pet Food, Inc./Simmons Feed, 4.63%, 03/01/29^(b)	USD	275		225,589

				6,097,560

Gas Utilities — 0.0%
Suburban Propane Partners LP/Suburban Energy Finance Corp., 5.00%, 06/01/31^(b)		237		197,831


Ground Transportation — 1.8%
BNSF Funding Trust I, (3-mo. LIBOR US + 2.35%), 6.61%, 12/15/55^(a)(f)		6,125		5,962,395
CMHI Finance BVI Co. Ltd., (5-year CMT + 6.62%), 3.88%^(a)(g)(h)		200		190,750
CSX Corp., 3.80%, 04/15/50^(f)		770		555,771
Forward Air Corp., 9.50%, 10/15/31^(c)		521		520,635
Norfolk Southern Corp., 6.00%, 03/15/2105		12,700		10,437,717

				17,667,268

Health Care Equipment & Supplies — 0.5%
Avantor Funding, Inc. 2.63%, 11/01/25^(g)	EUR	300		302,643
4.63%, 07/15/28^(b)(f)	USD	2,191		1,997,488
3.88%, 11/01/29^(b)		395		337,595
Bausch & Lomb Escrow Corp., 8.38%, 10/01/28^(b)		1,755		1,760,212
Embecta Corp., 6.75%, 02/15/30^(b)		67		54,773
Garden Spinco Corp., 8.63%, 07/20/30^(b)		328		342,385
Medtronic, Inc., 4.63%, 03/15/45^(f)		647		567,460

				5,362,556

Health Care Providers & Services — 4.2%
Acadia Healthcare Co., Inc., 5.00%, 04/15/29^(b)		52		46,753
AdaptHealth LLC, 5.13%, 03/01/30^(b)		55		42,591
Aetna, Inc., 3.88%, 08/15/47^(f)		3,500		2,452,649
AHP Health Partners, Inc., 5.75%, 07/15/29^(b)		580		487,200
CHS/Community Health Systems, Inc.^(b)6.00%, 01/15/29		1,404		1,133,844
5.25%, 05/15/30^(f)		867		659,073
4.75%, 02/15/31^(f)		722		510,974
Elevance Health, Inc., 4.55%, 03/01/48		5,000		4,058,520
Encompass Health Corp. 4.50%, 02/01/28		35		31,889
4.75%, 02/01/30^(f)		795		703,329
4.63%, 04/01/31		328		278,039
HCA, Inc. 5.38%, 09/01/26		359		352,322
5.63%, 09/01/28^(f)		833		812,225
5.25%, 06/15/49^(f)		3,500		2,875,206
HealthEquity, Inc., 4.50%, 10/01/29^(b)		1,134		976,799
IQVIA, Inc., 6.50%, 05/15/30^(b)		314		307,334
Legacy LifePoint Health LLC, 4.38%, 02/15/27^(b)		509		437,740
LifePoint Health, Inc. 9.88%, 08/15/30		452		437,595
11.00%, 10/15/30^(c)		563		563,000
Medline Borrower LP^(b)(f)3.88%, 04/01/29		362		306,043

Schedule of Investments (unaudited) (continued)

September 30, 2023

BlackRock Credit Allocation Income Trust (BTZ)

(Percentages shown are based on Net Assets)


Security	Par (000)		Value

Health Care Providers & Services (continued)
Medline Borrower LP^(b)(f)(continued) 5.25%, 10/01/29		USD 2,815	$	2,432,994
ModivCare, Inc., 5.88%, 11/15/25^(b)		444		422,049
Molina Healthcare, Inc.^(b)4.38%, 06/15/28^(f)		659		590,496
3.88%, 11/15/30		491		406,355
3.88%, 05/15/32^(f)		198		158,793
Prime Healthcare Services, Inc., 7.25%, 11/01/25^(b)		69		63,799
RegionalCare Hospital Partners Holdings, Inc./LifePoint Health, Inc., 9.75%, 12/01/26^(b)		128		123,918
Surgery Center Holdings, Inc.^(b)6.75%, 07/01/25^(f)		188		186,590
10.00%, 04/15/27		524		529,895
Teleflex, Inc. 4.63%, 11/15/27		70		64,225
4.25%, 06/01/28^(b)(f)		637		569,828
Tenet Healthcare Corp. 4.88%, 01/01/26^(f)		4,122		3,948,998
6.25%, 02/01/27		171		165,458
5.13%, 11/01/27		427		397,381
6.13%, 06/15/30		243		227,824
6.75%, 05/15/31^(b)		3,342		3,223,260
UnitedHealth Group, Inc., 6.88%, 02/15/38^(f)		10,000		11,149,271

				42,134,259

Health Care Technology^(b)— 0.5%
AthenaHealth Group, Inc., 6.50%, 02/15/30^(f)		2,918		2,440,928
Catalent Pharma Solutions, Inc. 5.00%, 07/15/27^(f)		843		773,380
3.13%, 02/15/29^(f)		133		109,086
3.50%, 04/01/30		81		66,689
Charles River Laboratories International, Inc. 4.25%, 05/01/28		324		290,556
4.00%, 03/15/31		68		57,545
Fortrea Holdings, Inc., 7.50%, 07/01/30^(f)		289		281,201
IQVIA, Inc. 5.00%, 10/15/26		554		529,652
5.00%, 05/15/27^(f)		592		558,006

				5,107,043

Hotels, Restaurants & Leisure — 3.8%
Boyd Gaming Corp. 4.75%, 12/01/27		254		233,829
4.75%, 06/15/31^(b)(f)		643		547,178
Boyne USA, Inc., 4.75%, 05/15/29^(b)		584		510,799
Burger King (Restaurant Brands International, Inc.)/New Red Finance, Inc.^(b)5.75%, 04/15/25		552		547,767
3.88%, 01/15/28		1,128		1,011,861
4.38%, 01/15/28^(f)		2,509		2,261,483
4.00%, 10/15/30		46		38,225
Caesars Entertainment, Inc.^(b)6.25%, 07/01/25		3,336		3,290,339
8.13%, 07/01/27^(f)		2,244		2,254,697
4.63%, 10/15/29^(f)		1,539		1,303,625
7.00%, 02/15/30		2,151		2,093,056
Caesars Resort Collection LLC/CRC Finco, Inc., 5.75%, 07/01/25^(b)		1,048		1,043,574
CDI Escrow Issuer, Inc., 5.75%, 04/01/30^(b)		1,346		1,216,001


Security	Par (000)		Value

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


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

Schedule of Investments (unaudited) (continued)

September 30, 2023

BlackRock Credit Allocation Income Trust (BTZ)

(Percentages shown are based on Net Assets)


Security	Par (000)		Value

Hotels, Restaurants & Leisure (continued)
Studio City Co. Ltd., 7.00%, 02/15/27^(g)		USD 200	$	188,416
Studio City Finance Ltd.^(g)
6.50%, 01/15/28		300		251,865
5.00%, 01/15/29		530		396,959
Sunny Express Enterprises Corp., 2.95%, 03/01/27^(g)		200		184,332
Vail Resorts, Inc., 6.25%, 05/15/25^(b)		341		339,162
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp., 5.25%, 05/15/27^(b)(f)		602		559,978
Wynn Macau Ltd.
4.88%, 10/01/24^(g)		200		194,100
5.50%, 01/15/26^(g)		230		213,311
5.63%, 08/26/28^(b)(f)		1,267		1,092,787
Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.^(b)(f)
5.13%, 10/01/29		1,337		1,168,707
7.13%, 02/15/31		559		530,616

				38,471,430

Household Durables — 0.4%
Brookfield Residential Properties, Inc./Brookfield Residential U.S. LLC, 4.88%, 02/15/30^(b)		699		568,483
CD&R Smokey Buyer, Inc., 6.75%, 07/15/25^(b)		507		488,545
Dream Finders Homes, Inc., 8.25%, 08/15/28		168		169,137
Lennar Corp., 5.25%, 06/01/26^(f)		890		876,684
Mattamy Group Corp., 4.63%, 03/01/30^(b)		427		363,411
NCR Corp., 5.00%, 10/01/28^(b)		241		215,718
PulteGroup, Inc.
5.00%, 01/15/27		55		53,770
7.88%, 06/15/32		56		61,902
SWF Escrow Issuer Corp., 6.50%, 10/01/29^(b)(f)		684		437,555
Taylor Morrison Communities, Inc., 5.88%, 06/15/27^(b)		15		14,260
Tempur Sealy International, Inc.^(b)
4.00%, 04/15/29		429		358,044
3.88%, 10/15/31		70		54,002
Toll Brothers Finance Corp., 4.35%, 02/15/28		35		32,494

				3,694,005

Household Products — 0.0%
Central Garden & Pet Co.
5.13%, 02/01/28		80		74,608
4.13%, 10/15/30^(f)		246		205,094

				279,702

Independent Power and Renewable Electricity Producers — 0.8%
Alexander Funding Trust II, 7.47%, 07/31/28^(b)		520		520,681
Calpine Corp.^(b)
5.25%, 06/01/26		379		367,964
5.13%, 03/15/28^(f)		2,807		2,499,460
5.00%, 02/01/31		3		2,426
Clearway Energy Operating LLC^(b)
4.75%, 03/15/28		747		668,087
3.75%, 01/15/32		307		238,656
Greenko Dutch BV, 3.85%, 03/29/26^(f)(g)		746		669,482
India Green Energy Holdings, 5.38%, 04/29/24^(g)		250		246,250
India Green Power Holdings, 4.00%, 02/22/27^(g)		700		612,003
JERA Co., Inc., 3.67%, 04/14/27^(g)		200		185,441
NRG Energy, Inc., 6.63%, 01/15/27		618		605,363
ReNew Power Pvt Ltd., 5.88%, 03/05/27^(g)		200		184,036


Security	Par (000)		Value

Independent Power and Renewable Electricity Producers (continued)
ReNew Wind Energy AP2/ReNew Power Pvt Ltd. other 9 Subsidiaries, 4.50%, 07/14/28^(g)		USD 550	$	458,452
TerraForm Power Operating LLC^(b)
5.00%, 01/31/28		231		209,632
4.75%, 01/15/30		127		108,509

				7,576,442

Industrial Conglomerates — 0.0%
Shanghai Port Group BVI Development 2 Co. Ltd., 1.50%, 07/13/25^(g)		200		185,092


Insurance — 4.1%
Acrisure LLC/Acrisure Finance, Inc., 6.00%, 08/01/29^(b)		280		235,296
AIA Group Ltd., (5-year CMT + 1.76%), 2.70%^(a)(g)(h)		200		174,718
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer^(b)
4.25%, 10/15/27		41		36,709
6.75%, 10/15/27^(f)		2,839		2,640,303
6.75%, 04/15/28		1,167		1,126,218
5.88%, 11/01/29		55		47,631
Allstate Corp., Series B, (3-mo. CME Term SOFR + 3.20%), 8.56%, 08/15/53^(a)		5,000		4,933,943
AmWINS Group, Inc., 4.88%, 06/30/29^(b)		551		482,802
Aon Global Ltd., 4.25%, 12/12/42		6,500		4,814,172
Farmers Exchange Capital II, (3-mo. LIBOR US + 3.74%), 6.15%, 11/01/53^(a)(b)		4,890		4,536,216
GTCR AP Finance, Inc., 8.00%, 05/15/27^(b)		80		78,637
Guoren Property & Casualty Insurance Co. Ltd., 3.35%, 06/01/26^(g)		200		172,526
HUB International Ltd.^(b)
7.00%, 05/01/26		1,708		1,704,246
7.25%, 06/15/30^(f)		2,438		2,433,538
Jones Deslauriers Insurance Management, Inc.^(b)
8.50%, 03/15/30		764		769,609
10.50%, 12/15/30		400		406,974
NFP Corp., 8.50%, 10/01/31		273		273,414
Northwestern Mutual Life Insurance Co., 6.06%, 03/30/40^(b)(f)		12,000		11,708,700
Progressive Corp., Series B, (3-mo. LIBOR US + 2.54%), 8.21%^(a)(h)		5,000		4,956,533
Ryan Specialty LLC, 4.38%, 02/01/30^(b)		308		268,214

				41,800,399

Interactive Media & Services — 0.6%
Baidu, Inc., 1.63%, 02/23/27		200		174,742
Cablevision Lightpath LLC, 5.63%, 09/15/28^(b)		540		414,414
Netflix, Inc.
3.63%, 06/15/25^(b)		210		202,610
5.88%, 11/15/28^(f)		1,698		1,707,612
5.38%, 11/15/29^(b)		2,007		1,958,293
4.88%, 06/15/30^(b)		461		436,433
Northwest Fiber LLC/Northwest Fiber Finance Sub, Inc., 4.75%, 04/30/27^(b)		552		491,280
Tencent Holdings Ltd.^(g)
3.60%, 01/19/28		200		182,660
3.68%, 04/22/41		200		138,230
Weibo Corp., 3.50%, 07/05/24		200		195,222

				5,901,496

Schedule of Investments (unaudited) (continued)

September 30, 2023

BlackRock Credit Allocation Income Trust (BTZ)

(Percentages shown are based on Net Assets)


Security	Par (000)		Value

Internet Software & Services — 1.1%
ANGI Group LLC, 3.88%, 08/15/28^(b)		USD 432	$	338,030
Booking Holdings, Inc., 3.55%, 03/15/28^(f)		3,375		3,141,745
Go Daddy Operating Co. LLC/GD Finance Co., Inc., 3.50%, 03/01/29^(b)		777		653,731
Match Group Holdings II LLC^(b)4.13%, 08/01/30		383		316,036
3.63%, 10/01/31^(f)		217		171,239
Uber Technologies, Inc.^(b)7.50%, 05/15/25		1,590		1,599,938
8.00%, 11/01/26		645		652,582
7.50%, 09/15/27^(f)		1,443		1,454,983
6.25%, 01/15/28		2,220		2,170,860
4.50%, 08/15/29		926		827,711

				11,326,855

IT Services — 0.8%
Booz Allen Hamilton, Inc., 4.00%, 07/01/29^(b)		945		833,490
CA Magnum Holdings 5.38%, 10/31/26^(b)		964		850,576
5.38%, 10/31/26^(g)		700		617,638
Camelot Finance SA, 4.50%, 11/01/26^(b)		1,348		1,244,459
Central Parent LLC/CDK Global II LLC/CDK Financing Co, Inc., 8.00%, 06/15/29		661		658,554
Dun & Bradstreet Corp., 5.00%, 12/15/29^(b)		592		510,385
Fair Isaac Corp., 4.00%, 06/15/28^(b)		393		351,373
Gartner, Inc., 4.50%, 07/01/28^(b)		545		497,211
KBR, Inc., 4.75%, 09/30/28^(b)		81		71,280
McAfee Corp., 7.38%, 02/15/30^(b)(f)		1,181		988,725
Presidio Holdings, Inc., 4.88%, 02/01/27^(b)		73		67,486
Twilio, Inc. 3.63%, 03/15/29		259		216,820
3.88%, 03/15/31^(f)		558		453,700
Wipro IT Services LLC, 1.50%, 06/23/26^(g)		200		178,530
ZoomInfo Technologies LLC/ZoomInfo Finance Corp., 3.88%, 02/01/29^(b)		799		665,923

				8,206,150

Leisure Products — 0.1%
Acushnet Co., 7.38%, 10/15/28^(c)		124		124,930
Mattel, Inc. 3.75%, 04/01/29^(b)		122		106,193
6.20%, 10/01/40		513		456,914
5.45%, 11/01/41^(f)		540		445,406

				1,133,443

Life Sciences Tools & Services — 0.1%
Star Parent, Inc., 9.00%, 10/01/30		1,266		1,279,296


Machinery — 0.8%
Chart Industries, Inc.^(b)7.50%, 01/01/30^(f)		946		951,184
9.50%, 01/01/31		143		151,981
GrafTech Global Enterprises, Inc., 9.88%, 12/15/28		482		456,695
Husky III Holding Ltd., (13.00% Cash or 13.75% PIK), 13.00%, 02/15/25^(b)(i)		166		164,343
Madison IAQ LLC, 5.88%, 06/30/29^(b)(f)		658		529,849
Terex Corp., 5.00%, 05/15/29^(b)(f)		688		616,121
Titan Acquisition Ltd./Titan Co.-Borrower LLC, 7.75%, 04/15/26^(b)		1,619		1,586,620


Security	Par (000)		Value

Machinery (continued)
TK Elevator Holdco GmbH, 7.63%, 07/15/28^(b)(f)		USD 596	$	542,496
TK Elevator U.S. Newco, Inc., 5.25%, 07/15/27^(b)		2,802		2,568,113

				7,567,402

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


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

Schedule of Investments (unaudited) (continued)

September 30, 2023

BlackRock Credit Allocation Income Trust (BTZ)

(Percentages shown are based on Net Assets)


Security	Par (000)		Value

Media (continued)
LCPR Senior Secured Financing DAC, 6.75%, 10/15/27^(b)		USD 860	$	789,910
Ligado Networks LLC, (15.50% PIK), 15.50%, 11/01/23^(b)(i)		539		159,021
Lions Gate Capital Holdings LLC, 5.50%, 04/15/29^(b)		388		255,811
Live Nation Entertainment, Inc.^(b)4.88%, 11/01/24		136		133,620
5.63%, 03/15/26		25		24,003
6.50%, 05/15/27^(f)		2,865		2,824,865
4.75%, 10/15/27^(f)		711		651,009
3.75%, 01/15/28		155		136,788
Network i2i Ltd., (5-year CMT + 4.27%), 5.65%^(a)(g)(h)		695		673,406
Nexstar Media, Inc., 5.63%, 07/15/27^(b)		75		66,744
Outfront Media Capital LLC/Outfront Media Capital Corp.^(b)5.00%, 08/15/27^(f)		998		879,319
4.25%, 01/15/29^(f)		461		365,813
4.63%, 03/15/30		151		118,703
Paramount Global, 5.85%, 09/01/43^(f)		1,300		1,011,016
Radiate Holdco LLC/Radiate Finance, Inc.^(b)4.50%, 09/15/26^(f)		1,066		809,803
6.50%, 09/15/28		2,175		1,141,875
Sinclair Television Group, Inc., 4.13%, 12/01/30^(b)(f)		385		238,727
Sirius XM Radio, Inc., 5.00%, 08/01/27^(b)		651		594,623
Stagwell Global LLC, 5.63%, 08/15/29^(b)		209		168,767
TEGNA, Inc., 4.75%, 03/15/26^(b)		64		60,640
Telenet Finance Luxembourg Notes SARL, 5.50%, 03/01/28^(b)		1,000		900,000
Time Warner Cable LLC, 6.55%, 05/01/37		3,519		3,191,766
Univision Communications, Inc.^(b)6.63%, 06/01/27		60		55,880
8.00%, 08/15/28^(f)		477		462,451
7.38%, 06/30/30^(f)		242		221,163
UPC Broadband Finco BV, 4.88%, 07/15/31^(b)		534		433,330
Virgin Media Vendor Financing Notes IV DAC, 5.00%, 07/15/28^(b)		1,452		1,252,960
Ziggo Bond Co. BV, 6.00%, 01/15/27^(b)		955		874,294
Ziggo BV, 4.88%, 01/15/30^(b)		605		492,866

				82,365,390

Metals & Mining — 2.0%
ABJA Investment Co. Pte. Ltd., 5.45%, 01/24/28^(g)		306		298,521
Arsenal AIC Parent LLC, 8.00%, 10/01/30^(b)		202		200,994
ATI, Inc. 5.88%, 12/01/27		374		354,365
7.25%, 08/15/30		764		758,270
5.13%, 10/01/31		656		567,675
Big River Steel LLC/BRS Finance Corp., Series L, 6.63%, 01/31/29^(b)		2,606		2,574,832
Carpenter Technology Corp. 6.38%, 07/15/28		58		55,939
7.63%, 03/15/30^(f)		108		108,135
Chinalco Capital Holdings Ltd., 2.13%, 06/03/26^(g)		200		181,612
Constellium SE^(b)5.88%, 02/15/26		830		810,628
3.75%, 04/15/29^(f)		1,731		1,450,434
First Quantum Minerals Ltd., 8.63%, 06/01/31^(b)		495		492,525
JSW Steel Ltd., 3.95%, 04/05/27^(g)		500		437,870
Kaiser Aluminum Corp.^(b)4.63%, 03/01/28^(f)		944		824,291
4.50%, 06/01/31		841		666,180


Security	Par (000)		Value

Metals & Mining (continued)
New Gold, Inc., 7.50%, 07/15/27^(b)		USD 1,357	$	1,266,738
Novelis Corp.^(b)3.25%, 11/15/26		599		534,965
4.75%, 01/30/30^(f)		3,326		2,878,486
3.88%, 08/15/31		932		744,281
Periama Holdings LLC, 5.95%, 04/19/26^(g)		200		189,252
Roller Bearing Co. of America, Inc., 4.38%, 10/15/29^(b)		249		214,180
Southern Copper Corp., 5.88%, 04/23/45^(f)		3,870		3,600,648
Steel Dynamics, Inc., 3.25%, 10/15/50		1,145		695,431
Vedanta Resources Finance II PLC^(g)13.88%, 01/21/24		400		357,572
8.95%, 03/11/25		200		146,956

				20,410,780

Multi-Utilities — 0.1%
AmeriGas Partners LP/AmeriGas Finance Corp., 9.38%, 06/01/28^(b)		453		459,229


Offshore Drilling & Other Services — 0.1%
Entegris Escrow Corp., 4.75%, 04/15/29^(b)		258		231,944
Entegris, Inc., 4.38%, 04/15/28^(b)		120		106,809
Lam Research Corp., 4.88%, 03/15/49^(f)		875		763,773

				1,102,526

Oil, Gas & Consumable Fuels — 13.5%
Aethon United BR LP/Aethon United Finance Corp., 8.25%, 02/15/26^(b)		521		516,889
Antero Midstream Partners LP/Antero Midstream Finance Corp.^(b)5.75%, 03/01/27		95		90,673
5.75%, 01/15/28		127		119,789
5.38%, 06/15/29		1,095		1,002,568
Apache Corp., 5.35%, 07/01/49		172		131,773
Ascent Resources Utica Holdings LLC/ARU Finance Corp.^(b)
Series B, 9.00%, 11/01/27		602		758,520
Series B, 8.25%, 12/31/28		1,334		1,320,118
Baytex Energy Corp., 8.50%, 04/30/30^(b)		110		111,301
Buckeye Partners LP 4.13%, 03/01/25^(b)		594		564,254
5.85%, 11/15/43		383		279,588
5.60%, 10/15/44		191		135,902
Callon Petroleum Co. 6.38%, 07/01/26		245		240,446
8.00%, 08/01/28^(b)(f)		927		928,324
7.50%, 06/15/30^(b)(f)		986		956,003
Chesapeake Energy Corp.^(b)5.88%, 02/01/29		80		75,276
6.75%, 04/15/29^(f)		705		689,915
CITGO Petroleum Corp., 8.38%, 01/15/29^(b)		733		732,047
Civitas Resources, Inc.^(b)8.38%, 07/01/28		1,204		1,225,070
8.75%, 07/01/31		945		965,288
CNOOC Finance 2014 ULC, Series 2014, 4.88%, 04/30/44		250		216,198
CNOOC Finance 2015 USA LLC, Series 2015, 3.50%, 05/05/25		250		241,250
CNOOC Petroleum North America ULC, 6.40%, 05/15/37		2,000		2,061,380
CNX Resources Corp., 7.38%, 01/15/31^(b)		166		162,738
Comstock Resources, Inc.^(b)6.75%, 03/01/29^(f)		528		485,703

Schedule of Investments (unaudited) (continued)

September 30, 2023

BlackRock Credit Allocation Income Trust (BTZ)

(Percentages shown are based on Net Assets)


Security	Par (000)		Value

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


Security	Par (000)		Value

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


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

Schedule of Investments (unaudited) (continued)

September 30, 2023

BlackRock Credit Allocation Income Trust (BTZ)

(Percentages shown are based on Net Assets)


Security	Par (000)		Value

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


Security	Par (000)		Value

Oil, Gas & Consumable Fuels (continued)
Transocean, Inc.^(b)(continued) 8.00%, 02/01/27		USD 387	$	372,488
8.75%, 02/15/30		1,526		1,560,028
Valaris Ltd., 8.38%, 04/30/30^(b)		1,131		1,131,848
Venture Global Calcasieu Pass LLC^(b)3.88%, 08/15/29		1,575		1,325,328
4.13%, 08/15/31		910		746,765
3.88%, 11/01/33^(f)		1,100		854,068
Venture Global LNG, Inc.^(b)8.13%, 06/01/28		1,960		1,940,680
8.38%, 06/01/31		3,132		3,078,950
Vermilion Energy, Inc., 6.88%, 05/01/30^(b)		270		255,473
Vital Energy, Inc. 10.13%, 01/15/28		322		328,200
9.75%, 10/15/30		322		329,175
Western Midstream Operating LP 5.45%, 04/01/44		12		9,673
5.30%, 03/01/48^(f)		945		737,612
5.50%, 08/15/48		117		93,029
5.25%, 02/01/50^(f)		444		345,891
Williams Cos., Inc.^(f)4.55%, 06/24/24		527		521,291
8.75%, 03/15/32		2,478		2,816,117
5.10%, 09/15/45		5,075		4,263,354
Woodside Finance Ltd., 3.70%, 09/15/26^(g)		200		187,310

				136,282,391

Passenger Airlines — 1.4%
Air Canada, 3.88%, 08/15/26^(b)		549		498,249
Allegiant Travel Co., 7.25%, 08/15/27^(b)		116		109,185
American Airlines, Inc. 5.18%, 10/15/23^(d)		588		587,809
11.75%, 07/15/25^(b)		64		68,800
7.25%, 02/15/28^(b)		137		130,987
American Airlines, Inc./AAdvantage Loyalty IP Ltd.^(b)5.50%, 04/20/26		370		361,145
5.75%, 04/20/29^(f)		1,764		1,640,849
Hawaiian Brand Intellectual Property Ltd./HawaiianMiles Loyalty Ltd., 5.75%, 01/20/26^(b)		66		59,391
Mileage Plus Holdings LLC/Mileage Plus Intellectual Property Assets Ltd., 6.50%, 06/20/27^(b)(f)		1,793		1,776,365
Singapore Airlines Ltd., 3.00%, 07/20/26^(g)		200		187,050
Turkish Airlines Pass-Through Trust, Series 2015-1, Class A, 4.20%, 09/15/28^(b)		1,377		1,257,238
United Airlines Pass-Through Trust, Series 2020-1, Class A, 5.88%, 04/15/29^(f)		4,636		4,596,156
United Airlines, Inc.^(b)4.38%, 04/15/26		1,097		1,014,495
4.63%, 04/15/29^(f)		1,362		1,170,681
VistaJet Malta Finance PLC/Vista Management Holding, Inc., 7.88%, 05/01/27^(b)		192		165,360

				13,623,760

Personal Care Products — 0.0%
Coty, Inc./HFC Prestige Products, Inc./HFC Prestige International U.S. LLC, Series 2020, 6.63%, 07/15/30^(b)		378		369,056


Pharmaceuticals — 4.0%
AbbVie, Inc.^(f)4.75%, 03/15/45		5,485		4,708,091

Schedule of Investments (unaudited) (continued)

September 30, 2023

BlackRock Credit Allocation Income Trust (BTZ)

(Percentages shown are based on Net Assets)


Security	Par (000)		Value

Pharmaceuticals (continued)
AbbVie, Inc.^(f)(continued) 4.70%, 05/14/45		USD 3,255	$	2,772,843
CVS Health Corp.^(f)5.13%, 07/20/45		3,879		3,264,197
5.05%, 03/25/48		8,205		6,817,086
Jazz Securities DAC, 4.38%, 01/15/29^(b)		853		743,717
Merck & Co., Inc., 6.50%, 12/01/33^(f)		6,420		6,953,822
Option Care Health, Inc., 4.38%, 10/31/29^(b)(f)		461		398,189
Organon & Co./Organon Foreign Debt Co-Issuer BV^(b)4.13%, 04/30/28		1,633		1,418,928
5.13%, 04/30/31^(f)		1,000		801,353
Pfizer Investment Enterprises Pte Ltd., 5.30%, 05/19/53^(f)		3,070		2,852,498
PRA Health Sciences, Inc., 2.88%, 07/15/26^(b)		1,021		921,217
Prestige Brands, Inc., 3.75%, 04/01/31^(b)		233		187,565
Takeda Pharmaceutical Co. Ltd., 2.05%, 03/31/30^(f)		8,270		6,650,210
Teva Pharmaceutical Finance Netherlands III BV 3.15%, 10/01/26		1,174		1,043,903
4.75%, 05/09/27		200		183,102
7.88%, 09/15/29		451		456,565
8.13%, 09/15/31		200		205,480

				40,378,766

Real Estate Management & Development — 1.0%
Anywhere Real Estate Group LLC / Anywhere Co- Issuer Corp., 7.00%, 04/15/30^(b)		409		368,581
Anywhere Real Estate Group LLC/Anywhere Co.- Issuer Corp., Series AI, 7.00%, 04/15/30		320		288,800
AYC Finance Ltd., 3.90%^(g)(h)		300		186,000
China Overseas Finance Cayman VII Ltd., 4.75%, 04/26/28^(g)		200		186,722
China Resources Land Ltd., 3.75%, 08/26/24^(g)		200		194,514
Cushman & Wakefield U.S. Borrower LLC, 8.88%, 09/01/31		216		208,980
Fantasia Holdings Group Co. Ltd., 7.95%, 07/05/22^(l)(m)		1,050		45,927
Global Prime Capital Pte. Ltd., 5.95%, 01/23/25^(g)		200		194,080
Howard Hughes Corp.^(b)5.38%, 08/01/28		399		351,547
4.13%, 02/01/29		176		140,800
New Metro Global Ltd., 4.50%, 05/02/26^(g)		349		77,607
Northwest Florida Timber Finance LLC, 4.75%, 03/04/29^(b)		4,485		4,062,249
Pakuwon Jati Tbk PT, 4.88%, 04/29/28^(g)		500		448,630
Shimao Group Holdings Ltd., 3.45%, 01/11/31^(g)(l)(m)		200		8,000
Sinochem Offshore Capital Co. Ltd., 1.50%, 09/23/26^(g)		200		175,788
Starwood Property Trust, Inc., 4.38%, 01/15/27^(b)		70		61,058
Sunac China Holdings Ltd., 7.00%, 07/09/25^(g)(l)(m)		200		27,500
Theta Capital Pte. Ltd., 8.13%, 01/22/25^(g)		200		154,966
VICI Properties LP, 5.13%, 05/15/32^(f)		3,155		2,823,956
Wharf REIC Finance BVI Ltd., 2.88%, 05/07/30^(g)		200		165,372
Yango Justice International Ltd.^(g)(l)(m)8.25%, 11/25/23		200		2,000
7.50%, 04/15/24		200		2,000

				10,175,077

Retail REITs — 0.0%
Brookfield Property REIT, Inc./BPR Cumulus LLC/BPR Nimbus LLC/GGSI Sellco LLC, 4.50%, 04/01/27^(b)		328		273,342


Security	Par (000)		Value

Semiconductors & Semiconductor Equipment — 2.5%
Broadcom, Inc., 5.00%, 04/15/30^(f)		USD 10,970	$	10,482,173
NCR Atleos Escrow Corp., 9.50%, 04/01/29		323		312,406
NVIDIA Corp.^(f)
3.50%, 04/01/50		2,785		2,029,875
3.70%, 04/01/60		1,760		1,287,263
NXP BV/NXP Funding LLC/NXP USA, Inc.
4.40%, 06/01/27		750		711,412
3.40%, 05/01/30^(f)		1,755		1,502,148
QUALCOMM, Inc.^(f)
4.30%, 05/20/47		3,500		2,831,743
6.00%, 05/20/53		1,993		2,021,251
Sensata Technologies BV^(b)
5.63%, 11/01/24		695		686,937
5.00%, 10/01/25		572		554,518
4.00%, 04/15/29		207		178,247
Sensata Technologies, Inc., 4.38%, 02/15/30^(b)		2,150		1,856,537
SK Hynix, Inc., 1.50%, 01/19/26^(g)		200		179,394
Synaptics, Inc., 4.00%, 06/15/29^(b)		16		13,200
TSMC Global Ltd., 2.25%, 04/23/31^(g)		250		200,000

				24,847,104

Software — 2.0%
Alteryx, Inc., 8.75%, 03/15/28^(b)(f)		372		370,340
Boxer Parent Co., Inc.^(b)
7.13%, 10/02/25		764		760,181
9.13%, 03/01/26		392		390,902
Capstone Borrower, Inc., 8.00%, 06/15/30^(b)		453		442,241
Central Parent, Inc./CDK Global, Inc., 7.25%, 06/15/29^(b)(f)		743		720,348
Cloud Software Group, Inc.^(b)
6.50%, 03/31/29		4,620		4,085,608
9.00%, 09/30/29		2,247		1,952,645
Consensus Cloud Solutions, Inc., 6.50%, 10/15/28^(b)		286		243,740
Crowdstrike Holdings, Inc., 3.00%, 02/15/29		61		51,379
Elastic NV, 4.13%, 07/15/29^(b)		718		611,489
Helios Software Holdings, Inc./ION Corporate Solutions Finance SARL, 4.63%, 05/01/28^(b)		205		176,501
Iron Mountain Information Management Services, Inc., 5.00%, 07/15/32^(b)		201		165,208
MicroStrategy, Inc., 6.13%, 06/15/28^(b)(f)		180		159,865
Open Text Corp., 6.90%, 12/01/27^(b)		988		990,249
Oracle Corp.
3.95%, 03/25/51		4,425		3,033,537
5.55%, 02/06/53^(f)		1,280		1,121,489
Playtika Holding Corp., 4.25%, 03/15/29^(b)		114		95,190
PTC, Inc.^(b)
3.63%, 02/15/25		166		159,531
4.00%, 02/15/28		365		327,131
Sabre GLBL, Inc., 8.63%, 06/01/27^(f)		562		476,467
SS&C Technologies, Inc., 5.50%, 09/30/27^(b)		3,719		3,509,398
Veritas U.S., Inc./Veritas Bermuda Ltd., 7.50%, 09/01/25^(b)(f)		955		797,917

				20,641,356

Specialized REITs — 0.1%
Uniti Group LP/Uniti Group Finance, Inc./CSL Capital LLC, 10.50%, 02/15/28^(b)		1,133		1,109,720


Specialty Retail^(b)— 0.2%
PetSmart, Inc./PetSmart Finance Corp. 4.75%, 02/15/28		481		421,086


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

Schedule of Investments (unaudited) (continued)

September 30, 2023

BlackRock Credit Allocation Income Trust (BTZ)

(Percentages shown are based on Net Assets)


Security	Par (000)		Value

Specialty Retail (continued)
PetSmart, Inc./PetSmart Finance Corp. (continued)
7.75%, 02/15/29^(f)		USD 1,317	$	1,227,297
Staples, Inc., 7.50%, 04/15/26		213		175,159

				1,823,542

Technology Hardware, Storage & Peripherals — 0.6%
Dell International LLC/EMC Corp.^(f)
5.85%, 07/15/25		2,395		2,391,808
8.35%, 07/15/46		2,355		2,752,513
Seagate HDD Cayman^(b)
8.25%, 12/15/29		532		546,363
8.50%, 07/15/31		675		692,404

				6,383,088

Textiles, Apparel & Luxury Goods^(b)— 0.1%
Crocs, Inc., 4.13%, 08/15/31		244		188,782
Hanesbrands, Inc.
4.88%, 05/15/26		250		229,190
9.00%, 02/15/31^(f)		142		135,347
Levi Strauss & Co., 3.50%, 03/01/31		523		413,595
William Carter Co., 5.63%, 03/15/27		365		351,039

				1,317,953

Tobacco — 2.5%
Altria Group, Inc., 10.20%, 02/06/39		13,392		17,277,222
BAT Capital Corp., 4.54%, 08/15/47^(f)		3,000		2,065,025
BAT International Finance PLC, 1.67%, 03/25/26^(f)		4,350		3,919,201
Reynolds American, Inc., 5.85%, 08/15/45^(f)		2,335		1,934,150

				25,195,598

Transportation Infrastructure — 0.6%
FedEx Corp., 5.25%, 05/15/50^(f)		6,000		5,283,081
SF Holding Investment 2021 Ltd., 2.38%, 11/17/26^(g)		200		180,536
Signature Aviation U.S. Holdings, Inc., 4.00%, 03/01/28^(b)		541		481,534

				5,945,151

Utilities — 0.0%
Vistra Operations Co. LLC, 7.75%, 10/15/31^(b)		462		455,090


Wireless Telecommunication Services — 1.5%
Altice France SA/France, 5.13%, 01/15/29^(b)		1,346		957,041
American Tower Corp., 3.60%, 01/15/28^(f)		4,000		3,629,625
Crown Castle, Inc., 4.15%, 07/01/50^(f)		820		582,796
Digicel Holdings, 8.75%, 05/25/24		27		24,638
Digicel International Finance Ltd./Digicel International Holdings Ltd., 8.75%, 05/25/24^(b)		635		569,442
SBA Communications Corp.
3.13%, 02/01/29^(f)		3,072		2,562,270
3.88%, 02/15/27		30		27,488
Sprint LLC, 7.63%, 03/01/26		1,096		1,126,379
T-Mobile U.S., Inc.
4.75%, 02/01/28^(f)		1,013		970,978
2.63%, 02/15/29		438		371,062
3.38%, 04/15/29^(f)		676		594,569
2.88%, 02/15/31		235		190,527
3.50%, 04/15/31^(f)		990		837,114


Security	Par (000)		Value

Wireless Telecommunication Services (continued)
T-Mobile U.S., Inc. (continued) 5.05%, 07/15/33^(f)		USD 2,000	$	1,855,622
Vmed O2 U.K. Financing I PLC, 4.75%, 07/15/31^(b)		934		754,553

				15,054,104


Total Corporate Bonds — 114.1% (Cost: $1,249,996,211)				1,154,194,099


Floating Rate Loan Interests^(a)

Aerospace & Defense — 0.2%
Atlas CC Acquisition Corp.
Term Loan B, (3-mo. CME Term SOFR at 0.75% Floor + 4.25%), 9.93%, 05/25/28		431		400,674
Term Loan C, (3-mo. CME Term SOFR at 0.75% Floor + 4.25%), 9.93%, 05/25/28		62		58,124
Bleriot U.S. Bidco, Inc., 2023 Term Loan B, (3-mo. CME Term SOFR + 4.00%), 9.65%, 10/31/28		62		61,843
Cobham Ultra SeniorCo SARL, USD Term Loan B, (6-mo. CME Term SOFR at 0.50% Floor + 3.50%), 9.36%, 08/03/29		99		98,343
Dynasty Acquisition Co., Inc., 2023 Term Loan B1, (1-mo. CME Term SOFR + 4.00%), 9.32%, 08/24/28.		383		381,619
Peraton Corp. 2nd Lien Term Loan B1, (3-mo. CME Term SOFR at 0.75% Floor + 7.75%), 13.23%, 02/01/29		112		109,773
Term Loan B, (1-mo. CME Term SOFR at 0.75% Floor + 3.75%), 9.17%, 02/01/28		599		597,130
Setanta Aircraft Leasing Designated Activity Co., Term Loan B, (3-mo. CME Term SOFR + 2.00%), 7.65%, 11/05/28		150		149,836
Standard Aero Ltd., 2023 Term Loan B2, (1-mo. CME Term SOFR + 4.00%), 9.32%, 08/24/28		164		163,551
TransDigm, Inc., 2023 Term Loan I, (3-mo. CME Term SOFR + 3.25%), 8.64%, 08/24/28		313		312,475

				2,333,368

Automobile Components — 0.1%
Adient U.S. LLC, 2021 Term Loan B, (1-mo. CME Term SOFR + 3.25%), 8.68%, 04/10/28		75		74,920
Clarios Global LP, 2023 Incremental Term Loan, (1-mo. CME Term SOFR + 3.75%), 9.07%, 05/06/30		298		297,070
Tenneco, Inc., 2022 Term Loan B, (3-mo. CME Term SOFR + 5.00%), 10.48%, 11/17/28		141		119,392

				491,382

Automobiles — 0.0%
Dealer Tire Financial LLC, Series B, Term Loan B2, (1-mo. CME Term SOFR at 0.50% Floor + 4.50%), 9.82%, 12/14/27		221		221,185


Beverages — 0.1%
Naked Juice LLC
2nd Lien Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 6.00%), 11.49%, 01/24/30		226		181,963
Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 3.25%), 8.74%, 01/24/29		534		506,351

				688,314

Schedule of Investments (unaudited) (continued)

September 30, 2023

BlackRock Credit Allocation Income Trust (BTZ)

(Percentages shown are based on Net Assets)


Security	Par (000)		Value

Broadline Retail — 0.1%
Fanatics Commerce Intermediate Holdco LLC, Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.25%), 8.83%, 11/24/28		USD 189	$	188,390
Midas Intermediate Holdco II LLC, 2022 PIK Term Loan, (1-mo. CME Term SOFR at 0.75% Floor + 6.85%, 1.50% PIK), 15.17%, 06/30/27⁽ⁱ⁾		310		292,309
PUG LLC, USD Term Loan, (1-mo. CME Term SOFR + 3.50%), 8.93%, 02/12/27		461		433,534
Sally Holdings, LLC, 2023 CovLite Term Loan B, (1-mo. CME Term SOFR + 2.25%), 7.57%, 02/28/30		72		72,453

				986,686

Building Products — 0.1%
AZZ, Inc., Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.75%), 9.07%, 05/13/29		28		27,760
CP Atlas Buyer, Inc., 2021 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.75%), 9.17%, 11/23/27		177		166,059
CPG International LLC, 2022 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 2.50%), 7.92%, 04/28/29		88		88,222
Jeld-Wen, Inc., 2021 Term Loan B, (1-mo. CME Term SOFR + 2.25%), 7.68%, 07/28/28		98		98,136
Wilsonart LLC, 2021 Term Loan E, (3-mo. CME Term SOFR at 1.00% Floor + 3.25%), 8.74%, 12/31/26		339		337,431

				717,608

Capital Markets — 0.2%
Ascensus Holdings, Inc.
2021 2nd Lien Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 6.50%), 12.03%, 08/02/29		61		58,149
Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.50%), 8.93%, 08/02/28		438		432,442
Axalta Coating Systems U.S. Holdings, Inc., 2023 USD Term Loan B4, (3-mo. CME Term SOFR at 0.50% Floor + 2.50%), 7.90%, 12/20/29		192		192,103
Azalea Topco, Inc., Term Loan, (1-mo. CME Term SOFR + 3.50%), 9.18%, 07/24/26		265		254,099
Castlelake Aviation Ltd., Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 2.75%), 8.42%, 10/22/26		187		186,264
Castlelake Aviation One DAC, 2023 Incremental Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 2.75%), 8.42%, 10/22/27		80		80,192
Focus Financial Partners LLC
2021 Term Loan B4, (1-mo. CME Term SOFR at 0.50% Floor + 2.50%), 7.82%, 06/30/28		183		181,979
2023 Term Loan B6, (1-mo. CME Term SOFR at 0.50% Floor + 3.50%), 8.82%, 06/30/28		97		96,792
ION Trading Finance Ltd., 2021 USD Term Loan, (3-mo. CME Term SOFR + 4.75%), 10.24%, 04/03/28		74		72,730
Learning Care Group U.S. No. 2, Inc., 2023 Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 4.75%), 10.13%, 08/11/28		27		26,955
Osaic Holdings, Inc., 2023 Term Loan B, (3-mo. CME Term SOFR + 4.50%), 9.82%, 08/17/28		268		267,857

				1,849,562


Security	Par (000)		Value

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

				2,632,717

Commercial Services & Supplies — 0.3%
Allied Universal Holdco LLC
2021 USD Incremental Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.75%), 9.17%, 05/12/28		380		366,761


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

Schedule of Investments (unaudited) (continued)

September 30, 2023

BlackRock Credit Allocation Income Trust (BTZ)

(Percentages shown are based on Net Assets)


Security	Par (000)		Value

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

				2,881,007

Communications Equipment — 0.0%
Ciena Corp., 2023 Term Loan B, (1-mo. CME Term SOFR + 2.50%), 7.82%, 01/18/30		27		26,887
Viasat, Inc.
2023 Term Loan, 05/30/30⁽ⁿ⁾		99		91,637
Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 4.50%), 9.82%, 03/02/29		149		138,532

				257,056

Construction & Engineering — 0.1%
Brand Industrial Services, Inc., 2023 Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 5.50%), 10.87%, 08/01/30		450		437,765


Security	Par (000)		Value

Construction & Engineering (continued)
Legence Holdings LLC, 2021 Term Loan, (1-mo. CME Term SOFR at 0.75% Floor + 3.75%), 9.17%, 12/16/27		USD 28	$	27,789
Pike Corp., 2021 Incremental Term Loan B, (1-mo. CME Term SOFR + 3.00%), 8.43%, 01/21/28		75		74,828
USIC Holdings, Inc., 2021 Term Loan, (1-mo. CME Term SOFR at 0.75% Floor + 3.50%), 8.93%, 05/12/28		147		144,789

				685,171

Construction Materials — 0.1%
American Builders & Contractors Supply Co., Inc., Series A, 2019 Term Loan, (1-mo. CME Term SOFR + 2.00%), 7.42%, 01/15/27		121		121,288
New AMI I LLC, 2022 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 6.00%), 11.31%, 03/08/29		97		78,306
Oscar AcquisitionCo. LLC, Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 4.50%), 9.99%, 04/29/29		192		189,986
Quikrete Holdings, Inc., 2023 Term Loan B, 03/19/29⁽ⁿ⁾		75		74,957
Standard Industries, Inc., 2021 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 2.50%), 7.94%, 09/22/28		73		72,894

				537,431

Consumer Staples Distribution & Retail — 0.0%
U.S. Foods, Inc.
2019 Term Loan B, (1-mo. CME Term SOFR + 2.00%), 7.43%, 09/13/26		41		40,546
2021 Term Loan B, (1-mo. CME Term SOFR + 2.50%), 7.93%, 11/22/28		200		200,553

				241,099

Containers & Packaging — 0.1%
Charter Next Generation, Inc., 2021 Term Loan, (1-mo. CME Term SOFR at 0.75% Floor + 3.75%), 9.18%, 12/01/27		459		454,669
Mauser Packaging Solutions Holding Co., Term Loan B, (1-mo. CME Term SOFR + 4.00%), 9.33%, 08/14/26		125		124,531
Pregis TopCo Corp., 1st Lien Term Loan, (1-mo. CME Term SOFR + 3.75%), 9.07%, 07/31/26		74		73,825
Trident TPI Holdings, Inc., 2021 Term Loan B3, (3-mo. CME Term SOFR at 0.50% Floor + 4.00%), 9.65%, 09/15/28		150		148,896

				801,921

Distributors — 0.0%
PAI Holdco, Inc., 2020 Term Loan B, (3-mo. CME Term SOFR at 0.75% Floor + 3.75%), 9.38%, 10/28/27		203		191,248


Diversified Consumer Services — 0.2%
Ascend Learning LLC
2021 2nd Lien Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 5.75%), 11.17%, 12/10/29		82		69,757
2021 Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.50%), 8.92%, 12/11/28		117		111,649

Schedule of Investments (unaudited) (continued)

September 30, 2023

BlackRock Credit Allocation Income Trust (BTZ)

(Percentages shown are based on Net Assets)


Security	Par (000)		Value

Diversified Consumer Services (continued)
Bright Horizons Family Solutions LLC, 2021 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 2.25%), 7.68%, 11/24/28		USD 188	$	186,621
KUEHG Corp., 2023 Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 5.00%), 10.39%, 06/12/30		167		167,079
Sotheby’s, Series L, 2021 Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 4.50%), 10.07%, 01/15/27		367		357,733
Spring Education Group, Inc., Term Loan, 09/29/30⁽ⁿ⁾		118		116,524
SSH Group Holdings, Inc., 2018 1st Lien Term Loan, (1-mo. CME Term SOFR + 4.00%), 9.43%, 07/30/25		76		76,132
Veritas U.S., Inc., 2021 USD Term Loan B, (1-mo. CME Term SOFR at 1.00% Floor + 5.00%), 10.43%, 09/01/25		269		232,728
Wand NewCo 3, Inc., 2020 Term Loan, (1-mo. CME Term SOFR + 2.75%), 8.17%, 02/05/26		337		335,586
WCG Purchaser Corp., 2019 Term Loan, (1-mo. CME Term SOFR at 1.00% Floor + 4.00%), 9.43%, 01/08/27		154		151,772

				1,805,581

Diversified REITs — 0.0%
RHP Hotel Properties, LP, 2023 Term Loan B, (1-mo. CME Term SOFR + 2.75%), 8.07%, 05/18/30		134		134,188


Diversified Telecommunication Services — 0.3%
Altice Financing SA, USD 2017 1st Lien Term Loan, (3-mo. LIBOR US + 2.75%), 8.32%, 01/31/26		248		245,904
Altice France SA, 2023 USD Term Loan B14, (3-mo. CME Term SOFR + 5.50%), 10.81%, 08/15/28		200		180,210
Connect Finco SARL, 2021 Term Loan B, (1-mo. CME Term SOFR at 1.00% Floor + 3.50%), 8.82%, 12/11/26		742		725,985
Iridium Satellite LLC, 2023 Term Loan B, (3-mo. CME Term SOFR at 0.75% Floor + 2.50%) , 7.90%, 09/20/30		304		302,573
Level 3 Financing, Inc., 2019 Term Loan B, (1-mo. CME Term SOFR + 1.75%), 7.18%, 03/01/27		180		169,695
Lumen Technologies, Inc., 2020 Term Loan B, (1-mo. CME Term SOFR + 2.25%), 7.68%, 03/15/27		243		172,466
ORBCOMM, Inc., Term Loan B, (1-mo. LIBOR US at 0.75% Floor + 4.25%), 9.80%, 09/01/28		147		131,435
Radiate Holdco LLC, 2021 Term Loan B, (1-mo. CME Term SOFR at 0.75% Floor + 3.25%), 8.68%, 09/25/26		376		306,614
Virgin Media Bristol LLC, 2020 USD Term Loan Q, (1-mo. CME Term SOFR + 3.25%), 8.70%, 01/31/29. 225				219,220
Zayo Group Holdings, Inc., USD Term Loan, (1-mo. CME Term SOFR + 3.00%), 8.43%, 03/09/27		585		475,980

				2,930,082

Electrical Equipment — 0.0%
Arcline FM Holdings LLC, 2021 1st Lien Term Loan, (3-mo. CME Term SOFR at 0.75% Floor + 4.75%), 10.40%, 06/23/28		220		218,327


Electronic Equipment, Instruments & Components — 0.0%
Coherent Corp., 2022 Term Loan B, (1-mo. CEM Term SOFR + 2.75%), 8.18%, 07/02/29		114		113,770


Security	Par (000)		Value

Entertainment — 0.3%
AMC Entertainment Holdings, Inc., 2019 Term Loan B, (1-mo. CME Term SOFR + 3.00%), 8.45%, 04/22/26		USD 162	$	130,232
Aristocrat Technologies, Inc., 2022 Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 2.25%), 7.74%, 05/24/29		12		11,502
Cirque Du Soleil Holding USA Newco, Inc., 2023 Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 4.25%), 9.64%, 03/08/30		118		116,896
City Football Group Ltd., Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.00%), 8.44%, 07/21/28		222		220,657
Creative Artists Agency LLC, 2023 Term Loan B, (1-mo. CME Term SOFR + 3.50%), 8.82%, 11/27/28		257		255,861
Delta 2 Lux SARL, 2022 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.00%), 8.32%, 01/15/30		151		213,786
Equinox Holdings, Inc., 2017 1st Lien Term Loan, (6-mo. LIBOR US at 1.00% Floor + 3.00%), 8.73%, 03/08/24		460		444,593
Live Nation Entertainment, Inc., Term Loan B4, (1-mo. CME Term SOFR + 1.75%), 7.17%, 10/19/26		451		449,605
Playtika Holding Corp., 2021 Term Loan, (1-mo. CME Term SOFR + 2.75%), 8.18%, 03/13/28		230		229,763
SMG U.S. Midco 2, Inc., 2020 Term Loan, (3-mo. CME Term SOFR + 2.50%), 8.13%, 01/23/25		151		151,061
UFC Holdings LLC, 2021 Term Loan B, (3-mo. CME Term SOFR at 0.75% Floor + 2.75%), 8.37%, 04/29/26		146		145,456
William Morris Endeavor Entertainment LLC, 2018 1st Lien Term Loan, (1-mo. CME Term SOFR + 2.75%), 8.18%, 05/18/25		462		460,995
WMG Acquisition Corp., 2021 Term Loan G, (1-mo. CME Term SOFR + 2.13%), 7.56%, 01/20/28		351		350,660

				3,181,067

Financial Services — 0.3%
ABG Intermediate Holdings 2 LLC, 2021 Term Loan B1, (1-mo. CME Term SOFR at 0.50% Floor + 3.50%), 8.92%, 12/21/28		155		154,414
Belron Finance U.S. LLC, 2018 Term Loan B, (3-mo. CME Term SOFR + 2.25%), 7.88%, 11/13/25		369		369,331
Belron Luxembourg SARL, 2023 Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 2.75%), 8.16%, 04/18/29		54		53,848
Deerfield Dakota Holding LLC
2020 USD Term Loan B, (3-mo. CME Term SOFR at 1.00% Floor + 3.75%), 9.14%, 04/09/27		752		731,994
2021 USD 2nd Lien Term Loan, (3-mo. CME Term SOFR at 0.75% Floor + 6.75%), 12.40%, 04/07/28		190		178,600
GIP Pilot Acquisition Partners LP, Term Loan, 09/18/30^(d)(n)		37		36,861
LBM Acquisition LLC, Term Loan B, (1-mo. CME Term SOFR at 0.75% Floor + 3.75%), 9.18%, 12/17/27		96		93,686
Lions Gate Capital Holdings LLC, 2018 Term Loan B, (1-mo. CME Term SOFR + 2.25%), 7.67%, 03/24/25		256		254,962
Sotera Health Holdings LLC, 2021 Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 2.75%), 8.18%, 12/11/26		267		264,152


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

Schedule of Investments (unaudited) (continued)

September 30, 2023

BlackRock Credit Allocation Income Trust (BTZ)

(Percentages shown are based on Net Assets)


Security	Par (000)		Value

Financial Services (continued)
Travelport Finance SARL, 2023 Consented Term Loan, (3-mo. CME Term SOFR + 8.50%), 13.74%, 05/29/26		USD 140	$	80,544
UPC Financing Partnership, 2021 USD Term Loan AX, (1-mo. CME Term SOFR + 2.93%), 8.37%, 01/31/29.		45		44,358
WEX, Inc., 2021 Term Loan, (1-mo. CME Term SOFR + 2.25%), 7.68%, 03/31/28		123		122,881
White Cap Buyer LLC, Term Loan B, (1-mo. CME Term SOFR + 3.75%), 9.07%, 10/19/27		192		191,895

				2,577,526

Food Products — 0.3%
8th Avenue Food & Provisions, Inc., 2018 1st Lien Term Loan, (1-mo. CME Term SOFR + 3.75%), 9.18%, 10/01/25		200		192,441
B&G Foods, Inc., 2019 Term Loan B4, (1-mo. CME Term SOFR + 2.50%), 7.82%, 10/10/26		92		90,636
Chobani LLC, 2020 Term Loan B, (1-mo. CME Term SOFR at 1.00% Floor + 3.50%), 8.93%, 10/25/27		585		584,359
Froneri International Ltd., 2020 USD Term Loan, (1-mo. CME Term SOFR + 2.25%), 7.67%, 01/29/27		562		557,174
H-Food Holdings LLC, 2018 Term Loan B, (3-mo. LIBOR US + 3.69%), 9.27%, 05/23/25		55		47,414
Hostess Brands, LLC, 2023 Term Loan B, (3-mo. CME Term SOFR + 2.50%), 7.89%, 06/28/30		184		184,479
Nomad Foods U.S. LLC, Term Loan B4, (6-mo. CME Term SOFR at 0.50% Floor + 3.00%), 8.47%, 11/12/29		75		74,940
Sovos Brands Intermediate, Inc., 2021 Term Loan, (3-mo. CME Term SOFR at 0.75% Floor + 3.50%), 9.13%, 06/08/28		306		305,677
Triton Water Holdings, Inc., Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 3.25%), 8.90%, 03/31/28		158		153,563
UTZ Quality Foods LLC, 2021 Term Loan B, (1-mo. CME Term SOFR + 3.00%), 8.43%, 01/20/28		378		377,884

				2,568,567

Ground Transportation — 0.1%
AIT Worldwide Logistics Holdings, Inc., 2021 Term Loan, (1-mo. CME Term SOFR at 0.75% Floor + 4.75%), 10.18%, 04/06/28		98		97,386
Avis Budget Car Rental LLC, 2020 Term Loan B, (1-mo. CME Term SOFR + 1.75%), 7.18%, 08/06/27		71		70,012
Genesee & Wyoming, Inc., Term Loan, (3-mo. CME Term SOFR + 2.00%), 7.49%, 12/30/26		185		184,717
SIRVA Worldwide, Inc., 2018 1st Lien Term Loan, (3-mo. CME Term SOFR + 5.50%), 10.91%, 08/04/25		78		69,517
Uber Technologies, Inc., 2023 Term Loan B, (3-mo. CME Term SOFR + 2.75%), 8.16%, 03/03/30		297		296,979

				718,611

Health Care Equipment & Supplies — 0.2%
Bausch & Lomb Corp., 2023 Incremental Term Loan, 09/14/28^(d)(n)		112		110,460
Bausch and Lomb, Inc., Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 3.25%), 8.76%, 05/10/27		194		227,028
Chariot Buyer LLC, Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.25%), 8.66%, 11/03/28		372		365,438


Security	Par (000)		Value

Health Care Equipment & Supplies (continued)
Femur Buyer, Inc., 1st Lien Term Loan, (3-mo. CME Term SOFR + 4.50%), 10.15%, 03/05/26		USD 106	$	98,695
Insulet Corp., Term Loan B, (1-mo. CME Term SOFR + 3.25%), 8.68%, 05/04/28		110		110,082
Medline Borrower LP, USD Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.25%), 8.68%, 10/23/28		757		754,270

				1,665,973

Health Care Providers & Services — 0.1%
CHG Healthcare Services, Inc.
2021 Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.25%), 8.68%, 09/29/28		184		182,738
2023 Incremental Term Loan, 09/29/28⁽ⁿ⁾		36		35,910
CNT Holdings I Corp., 2020 Term Loan, (3-mo. CME Term SOFR at 0.75% Floor + 3.50%), 8.80%, 11/08/27		196		195,666
Electron BidCo, Inc., 2021 Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.00%), 8.43%, 11/01/28		296		295,002
Envision Healthcare Corp., 2022 Second Out Term Loan, (3-mo. CME Term SOFR at 1.00% Floor + 4.25%), 9.64%, 03/31/27		160		35,893
EyeCare Partners LLC, 2020 Term Loan, (1-mo. CME Term SOFR + 3.75%), 9.18%, 02/18/27		197		137,818
MED ParentCo LP, 1st Lien Term Loan, (1-mo. CME Term SOFR + 4.25%), 9.68%, 08/31/26		82		78,085
Option Care Health, Inc., 2021 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 2.75%), 8.18%, 10/27/28		108		108,614
Reverb Buyer, Inc., 2021 1st Lien Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 3.25%), 8.77%, 11/01/28		117		112,999
Surgery Center Holdings, Inc., 2021 Term Loan, (1-mo. CME Term SOFR at 0.75% Floor + 3.75%), 9.19%, 08/31/26		98		97,647
Vizient, Inc., 2022 Term Loan B7, (1-mo. CME Term SOFR at 0.50% Floor + 2.25%), 7.67%, 05/16/29		32		31,670

				1,312,042

Health Care Technology — 0.1%
AthenaHealth Group, Inc., 2022 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.25%), 8.57%, 02/15/29		398		389,415
Polaris Newco LLC, USD Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 4.00%), 9.43%, 06/02/28		607		580,503
Verscend Holding Corp., 2021 Term Loan B, (1-mo. CME Term SOFR + 4.00%), 9.43%, 08/27/25		330		329,709

				1,299,627

Hotels, Restaurants & Leisure — 0.4%
Aimbridge Acquisition Co., Inc., 2019 Term Loan B, (1-mo. CME Term SOFR + 3.75%), 9.18%, 02/02/26		211		201,840
Alterra Mountain Co., 2023 Term Loan B, (1-mo. CME Term SOFR + 3.75%), 9.07%, 05/31/30		19		18,953
Bally’s Corp., 2021 Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 3.25%), 8.84%, 10/02/28		74		72,291

Schedule of Investments (unaudited) (continued)

September 30, 2023

BlackRock Credit Allocation Income Trust (BTZ)

(Percentages shown are based on Net Assets)


Security	Par (000)		Value

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

				4,044,796

Household Durables — 0.1%
ACProducts Holdings, Inc., 2021 Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 4.25%), 9.90%, 05/17/28		170		139,933


Security	Par (000)		Value

Household Durables (continued)
Hunter Douglas, Inc., USD Term Loan B1, (3-mo. CME Term SOFR + 3.50%), 8.89%, 02/26/29		USD 329	$	319,789
Sunset Debt Merger Sub, Inc., 2021 Term Loan B, (1- mo. CME Term SOFR at 0.75% Floor + 4.00%), 9.43%, 10/06/28		312		264,612
Weber-Stephen Products LLC, Term Loan B, (1-mo. CME Term SOFR at 0.75% Floor + 3.25%), 8.68%, 10/30/27		404		362,955

				1,087,289

Independent Power and Renewable Electricity Producers — 0.0%
Calpine Construction Finance Co. LP, 2023 Refinancing Term Loan B, (1-mo. CME Term SOFR + 2.25%), 7.57%, 07/31/30		147		146,107
Constellation Renewables LLC, 2020 Term Loan, (3- mo. CME Term SOFR at 1.00% Floor + 2.50%), 8.18%, 12/15/27		233		232,257

				378,364

Insurance — 0.3%
Alliant Holdings Intermediate LLC
2021 Term Loan B4, (1-mo. LIBOR US at 0.50% Floor + 3.50%), 8.93%, 11/05/27		118		117,588
2023 Term Loan B5, (1-mo. CME Term SOFR at 0.50% Floor + 3.50%), 8.83%, 11/05/27		522		521,197
AmWINS Group, Inc.
2021 Term Loan B, (1-mo. CME Term SOFR at 0.75% Floor + 2.25%), 7.68%, 02/19/28		173		171,693
2023 Incremental Term Loan B, (1-mo. CEM Term SOFR + 2.75%), 8.18%, 02/19/28		54		54,485
AssuredPartners, Inc.
2020 Term Loan B, (1-mo. CME Term SOFR + 3.50%), 8.93%, 02/12/27		260		259,229
2023 Term Loan B4, 02/12/27⁽ⁿ⁾		73		72,955
Baldwin Risk Partners, LLC, 2021 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.50%), 8.94%, 10/14/27		55		54,416
HUB International Ltd.
2022 Term Loan B, (3-mo. CME Term SOFR at 0.75% Floor + 4.00%), 9.37%, 11/10/29		75		74,676
2023 Term Loan B, (3-mo. CME Term SOFR at 0.75% Floor + 4.25%), 9.58%, 06/20/30		466		466,450
Jones Deslauriers Insurance Management, Inc., 2023 Term Loan B, (3-mo. CME Term SOFR + 4.25%), 9.62%, 03/15/30		143		143,269
Ryan Specialty Group LLC, Term Loan, (1-mo. CME Term SOFR at 0.75% Floor + 3.00%), 8.42%, 09/01/27		160		160,130
USI, Inc.
2022 Incremental Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 3.75%), 9.14%, 11/22/29		324		323,322
2023 Acquisition Term Loan, 09/27/30⁽ⁿ⁾		62		61,819
2023 Refi Term Loan, 09/27/30⁽ⁿ⁾		70		69,767

				2,550,996

Interactive Media & Services — 0.1%
Acuris Finance U.S., Inc., 2021 USD Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 4.00%), 9.54%, 02/16/28		50		49,225
Adevinta ASA, USD Term Loan B, (3-mo. CME Term SOFR + 2.75%), 8.32%, 06/26/28		105		105,377


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

Schedule of Investments (unaudited) (continued)

September 30, 2023

BlackRock Credit Allocation Income Trust (BTZ)

(Percentages shown are based on Net Assets)


Security	Par (000)		Value

Interactive Media & Services (continued)
Camelot Finance SA, Term Loan B, (1-mo. CME Term SOFR + 3.00%), 8.43%, 10/30/26		USD 250	$	249,425
Camelot U.S. Acquisition LLC, 2020 Incremental Term Loan B, (1-mo. CME Term SOFR at 1.00% Floor + 3.00%), 8.43%, 10/30/26		281		280,822
GoodRx, Inc., 1st Lien Term Loan, (1-mo. CME Term SOFR + 2.75%), 8.17%, 10/10/25		76		75,376
Grab Holdings, Inc., Term Loan B, (1-mo. CME Term SOFR at 1.00% Floor + 4.50%), 9.93%, 01/29/26		119		119,222

				879,447

IT Services — 0.2%
Asurion LLC
2020 Term Loan B8, (3-mo. CME Term SOFR + 3.25%), 8.68%, 12/23/26		291		284,777
2021 2nd Lien Term Loan B3, (1-mo. CME Term SOFR + 5.25%), 10.68%, 01/31/28		175		157,157
2021 Second Lien Term Loan B4, (1-mo. CME Term SOFR + 5.25%), 10.68%, 01/20/29		44		38,916
2023 Term Loan B11, (1-mo. CME Term SOFR + 4.25%), 9.67%, 08/19/28		75		72,512
Epicor Software Corp., 2020 Term Loan, (1-mo. CME Term SOFR at 0.75% Floor + 3.25%), 8.68%, 07/30/27		111		110,390
Gainwell Acquisition Corp., Term Loan B, (3-mo. CME Term SOFR at 0.75% Floor + 4.00%), 9.49%, 10/01/27		365		355,857
Go Daddy Operating Co. LLC
2021 Term Loan B4, (1-mo. CME Term SOFR + 2.00%), 7.43%, 08/10/27		124		123,576
2022 Term Loan B5, (1-mo. CME Term SOFR + 2.50%), 7.82%, 11/09/29		221		221,148
GTCR W Merger Sub LLC, USD Term Loan B, 09/20/30⁽ⁿ⁾		202		201,852
Sedgwick Claims Management Services, Inc., 2023 Term Loan B, (1-mo. CME Term SOFR + 3.75%), 9.07%, 02/24/28		449		448,294

				2,014,479

Leisure Products — 0.0%
Fender Musical Instruments Corp., 2021 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 4.00%), 9.42%, 12/01/28		79		76,691
Peloton Interactive, Inc., Term Loan, (6-mo. CME Term SOFR at 0.50% Floor + 6.50%), 12.26%, 05/25/27		40		40,447
Topgolf Callaway Brands Corp., Term Loan B, (1-mo. CME Term SOFR + 3.50%), 8.92%, 03/15/30		129		128,514

				245,652

Life Sciences Tools & Services — 0.2%
Avantor Funding, Inc., 2021 Term Loan B5, (1-mo. CME Term SOFR at 0.50% Floor + 2.25%), 7.67%, 11/08/27		184		183,194
Catalent Pharma Solutions, Inc., 2021 Term Loan B3, (1-mo. CME Term SOFR at 0.50% Floor + 2.00%), 7.44%, 02/22/28		187		182,575
Curia Global, Inc., 2021 Term Loan, (3-mo. CME Term SOFR at 0.75% Floor + 3.75%), 9.22%, 08/30/26		23		19,041
eResearchTechnology, Inc., 2020 1st Lien Term Loan, (1-mo. CME Term SOFR at 1.00% Floor + 4.50%), 9.93%, 02/04/27		115		113,177


Security	Par (000)		Value

Life Sciences Tools & Services (continued)
Fortrea Holdings, Inc., Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.75%), 9.07%, 07/01/30		USD 51	$	50,660
ICON Luxembourg SARL, LUX Term Loan, (3-mo. CEM Term SOFR + 2.25%), 7.90%, 07/03/28		211		211,223
Maravai Intermediate Holdings LLC, 2022 Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 3.00%), 8.32%, 10/19/27		239		232,080
Parexel International Corp., 2021 1st Lien Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.25%), 8.68%, 11/15/28		367		364,354
PRA Health Sciences, Inc., US Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 2.25%), 7.90%, 07/03/28		57		57,136
Star Parent, Inc., 2023 Term Loan B, 09/19/30⁽ⁿ⁾		108		105,465

				1,518,905

Machinery — 0.3%
Albion Financing 3 SARL, USD Term Loan, (3-mo. CME Term SOFR + 5.25%), 10.86%, 08/17/26		221		220,925
Barnes Group, Inc., Term Loan B, (3-mo. CME Term SOFR + 3.00%), 8.42%, 09/03/30		54		54,027
Clark Equipment Co., 2022 Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 2.50%), 7.99%, 04/20/29		36		36,395
Columbus McKinnon Corp., 2021 Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 2.75%), 8.42%, 05/14/28		66		66,384
Filtration Group Corp., 2023 USD Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 4.25%), 9.68%, 10/21/28		296		295,688
Gardner Denver, Inc., 2020 USD Term Loan B2, (1-mo. CME Term SOFR + 1.75%), 7.17%, 03/01/27		207		206,747
Gates Global LLC, 2021 Term Loan B3, (1-mo. CME Term SOFR at 0.75% Floor + 2.50%), 7.82%, 03/31/27		299		298,431
Generac Power Systems, Inc., 2019 Term Loan B, 12/13/26⁽ⁿ⁾		40		39,883
Ingersoll-Rand Services Co., 2020 USD Spinco Term Loan, (1-mo. CME Term SOFR + 1.75%), 7.17%, 03/01/27		49		49,365
Madison IAQ LLC, Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.25%), 8.69%, 06/21/28		450		442,453
Roper Industrial Products Investment Co., USD Term Loan, (3-mo. CME Term SOFR + 4.50%), 9.89%, 11/22/29		259		259,070
SPX Flow, Inc., 2022 Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 4.50%), 9.92%, 04/05/29		230		229,027
Titan Acquisition Ltd., 2018 Term Loan B, (3-mo. LIBOR US + 3.00%), 8.65%, 03/28/25		445		440,847
Vertical U.S. Newco, Inc., Term Loan B, (6-mo. CME Term SOFR at 0.50% Floor + 3.50%), 9.38%, 07/30/27		422		420,779
Vertiv Group Corp., 2021 Term Loan B, (1-mo. CME Term SOFR + 2.75%), 8.19%, 03/02/27		302		301,230
Zurn LLC, 2021 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 2.00%), 7.43%, 10/04/28		109		108,572

				3,469,823

Schedule of Investments (unaudited) (continued)

September 30, 2023

BlackRock Credit Allocation Income Trust (BTZ)

(Percentages shown are based on Net Assets)


Security	Par (000)		Value

Media — 0.2%
A L Parent LLC, 2023 Take Back Term Loan, (1-mo. CME Term SOFR at 2.00% Floor + 5.50%), 10.83%, 06/30/28		USD 51	$	48,969
AVSC Holding Corp., 2020 Term Loan B1, (1-mo. CME Term SOFR at 1.00% Floor + 3.25%, 0.25% PIK), 8.82%, 03/03/25⁽ⁱ⁾		184		176,459
Charter Communications Operating LLC, Class A, 2019 Term Loan B1, (3-mo. CME Term SOFR + 1.75%), 7.12%, 04/30/25		123		122,747
Clear Channel Outdoor Holdings, Inc., Term Loan B, (3-mo. CME Term SOFR + 3.50%), 9.13%, 08/21/26		254		246,038
Cogeco Financing 2 LP, 2023 Term Loan B, 09/29/28⁽ⁿ⁾		165		160,863
CSC Holdings LLC
2017 Term Loan B1, (1-mo. LIBOR US + 2.25%), 7.70%, 07/17/25		64		61,906
2019 Term Loan B5, (1-mo. CME Term SOFR + 2.50%), 7.95%, 04/15/27		314		283,761
DirecTV Financing LLC, Term Loan, (1-mo. CME Term SOFR at 0.75% Floor + 5.00%), 10.43%, 08/02/27		328		319,820
Sinclair Television Group, Inc., 2022 Term Loan B4, (1-mo. CME Term SOFR + 3.75%), 9.17%, 04/21/29.		198		137,552
Voyage Digital Ltd., USD Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 4.25%), 9.63%, 05/11/29^(d)		100		100,156
Ziggo Financing Partnership, USD Term Loan I, (1-mo. CME Term SOFR + 2.50%), 7.95%, 04/30/28		126		122,955

				1,781,226

Oil, Gas & Consumable Fuels — 0.1%
Freeport LNG Investments LLLP, Term Loan B, (3-mo. CME Term SOFR + 3.50%), 9.09%, 12/21/28		440		435,211
M6 ETX Holdings II Midco LLC, Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 4.50%), 9.92%, 09/19/29		26		25,643
Medallion Midland Acquisition LLC, 2021 Term Loan, (3-mo. CME Term SOFR at 0.75% Floor + 3.75%), 9.40%, 10/18/28		220		220,632
Oryx Midstream Services Permian Basin LLC, 2023 Incremental Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.25%), 8.69%, 10/05/28		363		362,365

				1,043,851

Passenger Airlines — 0.2%
AAdvantage Loyalty IP Ltd., Series AA, 2021 Term Loan, (3-mo. CME Term SOFR at 0.75% Floor + 4.75%), 10.34%, 04/20/28		414		426,056
Air Canada, 2021 Term Loan B, (3-mo. CME Term SOFR at 0.75% Floor + 3.50%), 9.13%, 08/11/28		370		370,182
American Airlines, Inc.
Series AA, 2017 1st Lien Term Loan, (3-mo. CME Term SOFR + 1.75%), 7.32%, 01/29/27		302		296,733
Series AA, 2023 Term Loan B, (3-mo. CME Term SOFR + 2.75%), 8.54%, 02/15/28		277		274,933


Security	Par (000)		Value

Passenger Airlines (continued)
Kestrel Bidco, Inc., Term Loan B, (1-mo. CME Term SOFR at 1.00% Floor + 3.00%), 8.42%, 12/11/26		USD 107	$	104,663
Mileage Plus Holdings LLC, 2020 Term Loan B, (3-mo. CME Term SOFR at 1.00% Floor + 5.25%), 10.80%, 06/21/27		281		291,032
United Airlines, Inc., Series AA, 2021 Term Loan B, (1-mo. CME Term SOFR at 0.75% Floor + 3.75%), 9.18%, 04/21/28		351		351,263

				2,114,862

Personal Care Products — 0.1%
Sunshine Luxembourg VII SARL, 2021 Term Loan B3, (3-mo. CME Term SOFR at 0.75% Floor + 3.75%), 9.24%, 10/01/26		834		832,437


Pharmaceuticals — 0.1%
Amneal Pharmaceuticals LLC, 2018 Term Loan B, (1-mo. CME Term SOFR + 3.50%), 8.93%, 05/04/25		124		121,228
Amynta Agency Borrower, Inc., 2023 Term Loan B, (1-mo. CME Term SOFR + 5.00%), 10.42%, 02/28/28		99		98,601
Bausch Health Cos., Inc., 2022 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 5.25%), 10.67%, 02/01/27		143		115,919
Elanco Animal Health, Inc., Term Loan B, (1-mo. CME Term SOFR + 1.75%), 7.18%, 08/01/27		297		290,889
Jazz Financing Lux SARL, USD Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.50%), 8.93%, 05/05/28		264		264,403
Organon & Co., USD Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.00%), 8.44%, 06/02/28		197		196,305
Perrigo Investments LLC, Term Loan B, 04/20/29⁽ⁿ⁾		115		114,461
Precision Medicine Group LLC, 2021 Term Loan, (3-mo. CME Term SOFR at 0.75% Floor + 3.00%), 8.49%, 11/18/27^(d)		152		150,068

				1,351,874

Professional Services — 0.3%
AlixPartners LLP, 2021 USD Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 2.75%), 8.18%, 02/04/28		221		220,827
ASGN, Inc., 2023 Term Loan B, (1-mo. CME Term SOFR + 2.25%), 7.57%, 08/30/30		50		50,125
CoreLogic, Inc.
2nd Lien Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 6.50%), 11.93%, 06/04/29		100		83,833
Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.50%), 8.93%, 06/02/28		535		493,323
Dun & Bradstreet Corp.
2022 Incremental Term Loan B2, (1-mo. CME Term SOFR + 3.00%), 8.32%, 01/18/29		304		302,753
2023 Term Loan B, (1-mo. CME Term SOFR + 2.75%), 8.17%, 02/06/26		478		477,594


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

Schedule of Investments (unaudited) (continued)

September 30, 2023

BlackRock Credit Allocation Income Trust (BTZ)

(Percentages shown are based on Net Assets)


Security	Par (000)		Value

Professional Services (continued)
Element Materials Technology Group U.S. Holdings, Inc.
2022 USD Delayed Draw Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 4.25%), 9.74%, 07/06/29		USD 76	$	74,912
2022 USD Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 4.25%), 9.74%, 07/06/29		165		162,720
Fleetcor Technologies Operating Co. LLC, Series C, 2021 Term Loan B4, (1-mo. CME Term SOFR + 1.75%), 7.17%, 04/28/28		223		222,048
Galaxy U.S. Opco, Inc., Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 4.75%), 10.07%, 04/29/29		242		229,878
Trans Union LLC
2019 Term Loan B5, (1-mo. CME Term SOFR + 1.75%), 7.17%, 11/16/26		111		110,840
2021 Term Loan B6, (1-mo. CME Term SOFR at 0.50% Floor + 2.25%), 7.68%, 12/01/28		371		370,227
VS Buyer LLC, Term Loan B, (1-mo. CME Term SOFR + 3.25%), 8.67%, 02/28/27		258		256,911

				3,055,991

Real Estate Management & Development — 0.0%
Cushman & Wakefield U.S. Borrower LLC
2020 Term Loan B, (1-mo. CME Term SOFR + 2.75%), 8.18%, 08/21/25		12		11,685
2023 Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.25%), 8.67%, 01/31/30		196		193,035
2023 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 4.00%), 9.32%, 01/31/30		109		107,910

				312,630

Semiconductors & Semiconductor Equipment — 0.0%
MKS Instruments, Inc.
2022 USD Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 2.75%), 8.17%, 08/17/29		178		178,074
2023 Term Loan B, 08/17/29⁽ⁿ⁾		47		46,881
Synaptics, Inc., Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 2.25%), 7.91%, 12/02/28		110		109,324

				334,279

Software — 0.7%
Applied Systems, Inc., 2022 Extended 1st Lien Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 4.50%), 9.89%, 09/18/26		74		74,055
Barracuda Networks, Inc., 2022 Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + 4.50%), 9.87%, 08/15/29		117		115,985
Boxer Parent Co., Inc., 2021 USD Term Loan, (1-mo. CME Term SOFR + 3.75%), 9.18%, 10/02/25		137		136,465
CCC Intelligent Solutions, Inc., Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 2.25%), 7.68%, 09/21/28		185		184,056
Central Parent, Inc., 2022 USD Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor + 4.25%), 9.64%, 07/06/29		296		295,605
Cloud Software Group, Inc., 2022 USD Term Loan B, (3-mo. CEM Term SOFR + 4.50%), 9.99%, 03/30/29		711		682,378
Cloudera, Inc.
2021 Second Lien Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 6.00%), 11.42%, 10/08/29		113		106,785


Security	Par (000)			Value

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

					6,933,241

Specialty Retail — 0.1%
EG Group Ltd., 2021 Term Loan, (1-mo. CME Term SOFR + 4.25%), 9.73%, 03/31/26		296			295,490
Mavis Tire Express Services Corp., 2021 Term Loan B, (1-mo. CME Term SOFR at 0.75% Floor + 4.00%), 9.43%, 05/04/28		311			309,866

Schedule of Investments (unaudited) (continued)

September 30, 2023

BlackRock Credit Allocation Income Trust (BTZ)

(Percentages shown are based on Net Assets)


Security	Par (000)		Value

Specialty Retail (continued)
PetSmart, Inc., 2021 Term Loan B, (1-mo. CME Term SOFR at 0.75% Floor + 3.75%), 9.17%, 02/11/28		USD 397	$	395,065
Pilot Travel Centers LLC, 2021 Term Loan B, (1-mo. CME Term SOFR + 2.00%), 7.42%, 08/04/28		177		176,868
Restoration Hardware, Inc.
2022 Incremental Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 3.25%), 8.67%, 10/20/28		89		85,592
Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 2.50%), 7.93%, 10/20/28		90		86,681
RVR Dealership Holdings LLC, Term Loan B, (3-mo. CME Term SOFR at 0.75% Floor + 3.75%), 9.25%, 02/08/28^(d)		22		19,360

				1,368,922

Technology Hardware, Storage & Peripherals — 0.0%
Electronics for Imaging, Inc., Term Loan, (1-mo. CME Term SOFR + 5.00%), 10.42%, 07/23/26		66		43,578


Textiles, Apparel & Luxury Goods — 0.0%
Crocs, Inc., 2023 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.00%), 8.53%, 02/20/29		100		99,998
Hanesbrands, Inc., 2023 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.75%), 9.07%, 03/08/30^(d)		58		56,411

				156,409

Trading Companies & Distributors — 0.1%
Beacon Roofing Supply, Inc., 2021 Term Loan B, (1- mo. CME Term SOFR + 2.25%), 7.68%, 05/19/28		185		184,481
Core & Main LP, 2021 Term Loan B, (3-mo. CME Term SOFR + 2.50%), 7.84%, 07/27/28		554		552,719
SRS Distribution, Inc.
2021 Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor + 3.50%), 8.93%, 06/02/28		446		441,356
2022 Incremental Term Loan, (1-mo. CME Term SOFR + 3.50%), 8.92%, 06/02/28		67		66,340
TMK Hawk Parent Corp., 2020 Super Priority Second Out Term Loan B, (3-mo. CME Term SOFR + 3.50%), 9.17%, 08/28/24^(d)		121		77,104

				1,322,000

Transportation Infrastructure — 0.0%
Apple Bidco LLC, 2022 Incremental Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 4.00%), 9.32%, 09/22/28		158		157,703
KKR Apple Bidco LLC, 2021 Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + 2.75%), 8.18%, 09/22/28		114		113,197
OLA Netherlands BV, Term Loan, (1-mo. CME Term SOFR at 0.75% Floor + 6.25%), 11.57%, 12/15/26^(d)		122		120,861
Rand Parent LLC, 2023 Term Loan B, (3-mo. CME Term SOFR + 4.25%), 9.64%, 03/17/30		79		76,182

				467,943


Security	Par (000)		Value

Wireless Telecommunication Services — 0.0%
Digicel International, 2017 Term Loan B1, 05/27/24⁽ⁿ⁾		USD 4	$	3,929
Digicel International Finance Ltd., 2017 Term Loan B, (3-mo. LIBOR US + 3.25%), 8.90%, 05/28/24		101		90,883
GOGO Intermediate Holdings LLC, Term Loan B, (1-mo. CME Term SOFR at 0.75% Floor + 3.75%), 9.18%, 04/30/28		64		63,257
SBA Senior Finance II LLC, 2018 Term Loan B, (1-mo. CME Term SOFR + 1.75%), 7.17%, 04/11/25		186		185,381

				343,450


Total Floating Rate Loan Interests — 7.1% (Cost: $72,842,100)				71,693,560


Foreign Agency Obligations

Brazil — 0.5%
Brazilian Government International Bond, 5.00%, 01/27/45		6,525		4,837,178


China — 0.1%
China Development Bank/Hong Kong, 2.00%, 02/16/27^(g)		200		181,308
Export-Import Bank of China, 3.38%, 03/14/27^(g)		200		189,296

				370,604

Colombia — 0.3%
Colombia Government International Bond, 5.63%, 02/26/44^(f)		4,000		2,862,680


Hong Kong — 0.0%
Airport Authority, 3.25%, 01/12/52		200		133,110


India — 0.0%
Export-Import Bank of India, 3.88%, 02/01/28^(g)		200		184,518


Indonesia — 0.6%
Indonesia Government International Bond 5.88%, 01/15/24^(b)(f)		4,400		4,393,180
4.65%, 09/20/32		250		233,105
4.85%, 01/11/33		200		190,432
5.25%, 01/17/42^(g)		200		185,080
4.75%, 07/18/47^(g)		200		170,702
3.70%, 10/30/49		200		139,532
3.50%, 02/14/50		200		135,594
Perusahaan Penerbit SBSN Indonesia III^(g)
1.50%, 06/09/26		200		179,170
4.40%, 06/06/27		200		192,622

				5,819,417

Mexico — 0.5%
Mexico Government International Bond, Series 16-2, 4.75%, 03/08/44^(f)		5,800		4,431,780


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

Schedule of Investments (unaudited) (continued)

September 30, 2023

BlackRock Credit Allocation Income Trust (BTZ)

(Percentages shown are based on Net Assets)


Security	Par (000)		Value

Pakistan — 0.0%
Pakistan Government International Bond^(g)6.00%, 04/08/26		USD 450	$	231,399
7.38%, 04/08/31		200		92,876

				324,275

Philippines — 0.0%
Philippines Government International Bond 3.70%, 03/01/41		300		225,246
2.65%, 12/10/45		200		120,062

				345,308

Qatar — 0.0%
Qatar Government International Bond, 5.10%, 04/23/48^(g)		200		180,554


Saudi Arabia — 0.0%
Saudi Government International Bond^(g)4.00%, 04/17/25		200		194,888
4.50%, 10/26/46		200		157,338

				352,226

South Korea — 0.1%
Export-Import Bank of Korea 0.63%, 06/29/24		250		240,617
1.63%, 01/18/27		200		177,748
Korea Development Bank 3.75%, 01/22/24		200		198,794
2.00%, 02/24/25		200		190,432
4.38%, 02/15/33		200		184,224
Korea Expressway Corp., 1.13%, 05/17/26^(g)		200		178,358

				1,170,173

United Arab Emirates — 0.0%
Sharjah Sukuk Program Ltd., 6.09%, 03/19/34		250		249,688


Uruguay — 0.3%
Uruguay Government International Bond, 5.10%, 06/18/50^(f)		3,500		3,101,175


Total Foreign Agency Obligations — 2.4% (Cost: $29,023,626)				24,362,686


	Shares

Investment Companies

Fixed Income Funds — 0.3%
Invesco Senior Loan ETF		120,000		2,518,800


Total Investment Companies — 0.3% (Cost: $2,508,762)				2,518,800


Security	Par (000)		Value

Municipal Bonds

New York — 1.0%
Metropolitan Transportation Authority, RB, BAB, 6.55%, 11/15/31		USD 10,000	$	10,227,840


Total Municipal Bonds — 1.0% (Cost: $9,833,900)				10,227,840


Preferred Securities

Capital Trusts — 9.8%

Automobiles — 0.2%
General Motors Financial Co., Inc., Series C, 5.70%^(a)(h)		2,565		2,192,070


Banks^(a)(h)— 2.9%
HSBC Capital Funding Dollar 1 LP, 10.18%^(b)		11,835		14,425,622
Industrial & Commercial Bank of China Ltd., 3.20%^(g)		300		275,304
ING Groep NV, 3.88%		1,808		1,304,438
Macquarie Bank Ltd., 6.13%^(b)		1,885		1,676,231
Nordea Bank Abp, 6.63%^(b)		5,540		5,172,101
PNC Financial Services Group, Inc., Series V, 6.20%^(f)		5,529		5,081,180
Rizal Commercial Banking Corp., 6.50%^(g)		700		635,166
TMBThanachart Bank PCL, 4.90%^(g)		700		672,000
Wells Fargo & Co., Series S, 5.90%		281		275,367

				29,517,409

Capital Markets — 0.1%
State Street Corp., Series F, 9.27%^(a)(h)		618		619,338


Electric Utilities — 0.8%
PPL Capital Funding, Inc., Series A, 8.32%, 03/30/67^(a)		8,300		7,596,033


Financial Services — 3.3%
Barclays PLC^(a)(h)4.38%		1,630		1,131,289
8.00%		4,500		4,424,538
BNP Paribas SA, 7.38%^(a)(b)(h)		4,535		4,435,160
Credit Agricole SA, 8.13%^(a)(b)(f)(h)		5,000		4,963,700
JPMorgan Chase & Co., 8.75%, 09/01/30^(f)		2,000		2,312,306
Lloyds Banking Group PLC, 7.50%^(a)(h)		8,285		7,740,478
NatWest Group PLC, 8.00%^(a)(h)		970		942,452
UBS Group AG, 7.00%^(a)(b)(h)		7,500		7,390,342

				33,340,265

Independent Power and Renewable Electricity Producers — 0.0%
Vistra Corp., 7.00%^(a)(b)(h)		481		438,913


Insurance — 1.8%
ACE Capital Trust II, 9.70%, 04/01/30^(f)		7,000		8,186,213
Equitable of Iowa Cos Capital Trust II, Series B, 8.42%, 04/01/27		5,000		4,647,565
Kyobo Life Insurance Co. Ltd., 5.90%, 06/15/52^(a)(g)		200		194,376
MetLife, Inc., 6.40%, 12/15/66^(f)		5,000		4,885,597

				17,913,751

Oil, Gas & Consumable Fuels — 0.2%
Enterprise Products Operating LLC, 8.45%, 06/01/67^(a)		2,500		2,287,548

Schedule of Investments (unaudited) (continued)

September 30, 2023

BlackRock Credit Allocation Income Trust (BTZ)

(Percentages shown are based on Net Assets)


Security	Par (000)		Value

Real Estate Management & Development — 0.0%
NWD Finance BVI Ltd., 4.13%^(a)(g)(h)		USD 409	$	202,819


Wireless Telecommunication Services — 0.5%
Vodafone Group PLC, 7.00%, 04/04/79^(a)		4,745		4,712,771


				98,820,917


	Shares

Preferred Stocks — 2.2%

Banks — 1.2%
Citigroup, Inc., Series K^(a)(h)		488,320		12,315,430


Capital Markets — 0.5%
State Street Corp., Series D^(a)(h)		220,495		5,525,605


Interactive Media & Services — 0.5%
ByteDance Ltd., Series E-1, (Acquired 11/11/20, Cost: $3,403,593)^(d)(e)		31,062		5,091,418

				22,932,453


Total Preferred Securities — 12.0% (Cost: $127,892,219)				121,753,370


	Par (000)

U.S. Government Sponsored Agency Securities

Mortgage-Backed Securities — 7.2%
Uniform Mortgage-Backed Securities, 4.50%, 10/13/52^(p)		USD 79,260		72,768,330


Total U.S. Government Sponsored Agency Securities — 7.2% (Cost: $74,609,667)				72,768,330


	Shares

Warrants

Consumer Discretionary — 0.0%
Service King (Carnelian Point), (Exercisable 01/14/23, 1 Share for 1 Warrant, Expires 06/30/27, Strike Price USD 10.00)^(m)		342		—


Total Warrants — 0.0% (Cost: $—)				—


Total Long-Term Investments — 160.5% (Cost: $1,731,652,815)				1,623,593,267


Security	Shares		Value

Short-Term Securities

Money Market Funds — 0.3%
BlackRock Liquidity Funds, T-Fund, Institutional Class, 5.23%^(q)(r)		3,452,187	$	3,452,187


Total Short-Term Securities — 0.3% (Cost: $3,452,187)				3,452,187


Options Purchased — 0.2% (Cost: $1,785,530)				1,567,544


Total Investments Before Options Written — 161.0% (Cost: $1,736,890,532)				1,628,612,998


Options Written — (0.0)% (Premiums Received: $(545,250))				(306,594	)


Total Investments, Net of Options Written — 161.0% (Cost: $1,736,345,282)				1,628,306,404

Liabilities in Excess of Other Assets — (61.0)%				(616,855,514	)


Net Assets — 100.0%			$	1,011,450,890

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

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

^(c)	When-issued security.

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

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

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

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

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

⁽ⁱ⁾	Payment-in-kind security which may pay interest/dividends in additional par/shares and/or in cash. Rates shown are the current rate and possible payment rates.

^(j)	Convertible security.

^(k)	Zero-coupon bond.

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

^(m)	Non-income producing security.

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

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

^(p)	Represents or includes a TBA transaction.

^(q)	Affiliate of the Trust.

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

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


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

Schedule of Investments (unaudited) (continued)

September 30, 2023

BlackRock Credit Allocation Income Trust (BTZ)

Affiliates

Investments in issuers considered to be affiliate(s) of the Trust during the period ended September 30, 2023 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:


Affiliated Issuer	Value at 12/31/22		Purchases at Cost		Proceeds from Sales			Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Value at 09/30/23		Shares Held at 09/30/23		Income		Capital Gain Distributions from Underlying Funds
BlackRock Liquidity Funds, T-Fund, Institutional Class	$	8,145,069	$	—	$	(4,692,882	)^(a)	$	—	$	—	$	3,452,187		3,452,187	$	277,176	$	—

^(a)

Represents net amount purchased (sold).

Reverse Repurchase Agreements

Counterparty

Interest

Rate

Trade

Date

Maturity

Date

^(a)

Face Value

Including

Accrued Interest

Type of Non-Cash Underlying

Collateral

Remaining

Contractual Maturity

of the Agreements^(a)

RBC Capital Markets, LLC

5.50

%^(b)

02/09/23

Open

460,156

Corporate Bonds

Open/Demand

Nomura Securities International, Inc.

5.48

^(b)

06/30/23

Open

274,775

278,427

Corporate Bonds

Open/Demand

Nomura Securities International, Inc.

5.48

^(b)

07/19/23

Open

316,418

319,841

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

07/20/23

Open

4,446,969

4,494,530

Corporate Bonds

Open/Demand

BNP Paribas SA

5.15

^(b)

07/25/23

Open

390,150

393,792

Corporate Bonds

Open/Demand

BNP Paribas SA

5.35

^(b)

07/25/23

Open

461,000

465,475

Corporate Bonds

Open/Demand

BNP Paribas SA

5.45

^(b)

07/25/23

Open

470,470

475,124

Corporate Bonds

Open/Demand

BNP Paribas SA

5.45

^(b)

07/25/23

Open

367,000

370,631

Corporate Bonds

Open/Demand

Nomura Securities International, Inc.

5.48

^(b)

07/27/23

Open

703,575

710,536

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

07/28/23

Open

1,979,656

1,998,374

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

07/28/23

Open

2,355,000

2,377,267

Capital Trusts

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

07/28/23

Open

2,393,072

2,415,737

Corporate Bonds

Open/Demand

BNP Paribas SA

5.47

^(b)

07/31/23

Open

873,750

881,848

Corporate Bonds

Open/Demand

Goldman Sachs & Co. LLC

5.25

^(b)

07/31/23

Open

756,860

763,593

Corporate Bonds

Open/Demand

Goldman Sachs & Co. LLC

5.35

^(b)

07/31/23

Open

461,874

466,061

Corporate Bonds

Open/Demand

Goldman Sachs & Co. LLC

5.35

^(b)

07/31/23

Open

1,219,247

1,230,300

Corporate Bonds

Open/Demand

Goldman Sachs & Co. LLC

5.45

^(b)

07/31/23

Open

1,034,034

1,036,593

Corporate Bonds

Open/Demand

BNP Paribas SA

5.47

^(b)

08/02/23

Open

647,339

653,142

Corporate Bonds

Open/Demand

Barclays Capital, Inc.

1.00

^(b)

08/04/23

Open

150,635

150,865

Corporate Bonds

Open/Demand

Barclays Capital, Inc.

5.37

^(b)

08/04/23

Open

3,444,300

3,472,558

Corporate Bonds

Open/Demand

Barclays Capital, Inc.

5.50

^(b)

08/04/23

Open

157,000

158,319

Corporate Bonds

Open/Demand

BNP Paribas SA

4.50

^(b)

08/04/23

Open

321,315

323,524

Corporate Bonds

Open/Demand

BNP Paribas SA

5.15

^(b)

08/04/23

Open

352,260

355,032

Corporate Bonds

Open/Demand

BNP Paribas SA

5.30

^(b)

08/04/23

Open

569,993

574,608

Corporate Bonds

Open/Demand

BNP Paribas SA

5.32

^(b)

08/04/23

Open

1,817,750

1,832,524

Corporate Bonds

Open/Demand

BNP Paribas SA

5.35

^(b)

08/04/23

Open

283,993

286,314

Corporate Bonds

Open/Demand

BNP Paribas SA

5.37

^(b)

08/04/23

Open

202,373

204,033

Corporate Bonds

Open/Demand

BNP Paribas SA

5.39

^(b)

08/04/23

Open

654,075

659,461

Corporate Bonds

Open/Demand

BNP Paribas SA

5.39

^(b)

08/04/23

Open

169,200

170,593

Corporate Bonds

Open/Demand

BNP Paribas SA

5.40

^(b)

08/04/23

Open

987,305

995,450

Corporate Bonds

Open/Demand

BNP Paribas SA

5.41

^(b)

08/04/23

Open

632,738

637,967

Corporate Bonds

Open/Demand

BNP Paribas SA

5.42

^(b)

08/04/23

Open

2,673,000

2,695,134

Corporate Bonds

Open/Demand

BNP Paribas SA

5.42

^(b)

08/04/23

Open

1,857,206

1,872,585

Corporate Bonds

Open/Demand

BNP Paribas SA

5.44

^(b)

08/04/23

Open

694,485

700,257

Corporate Bonds

Open/Demand

BNP Paribas SA

5.44

^(b)

08/04/23

Open

1,872,500

1,888,063

Capital Trusts

Open/Demand

BNP Paribas SA

5.44

^(b)

08/04/23

Open

330,413

333,159

Corporate Bonds

Open/Demand

BNP Paribas SA

5.45

^(b)

08/04/23

Open

335,000

337,789

Corporate Bonds

Open/Demand

BNP Paribas SA

5.45

^(b)

08/04/23

Open

4,575,000

4,613,093

Corporate Bonds

Open/Demand

BNP Paribas SA

5.45

^(b)

08/04/23

Open

702,900

708,753

Corporate Bonds

Open/Demand

BNP Paribas SA

5.45

^(b)

08/04/23

Open

279,840

282,170

Corporate Bonds

Open/Demand

BNP Paribas SA

5.45

^(b)

08/04/23

Open

454,515

458,299

Corporate Bonds

Open/Demand

BNP Paribas SA

5.45

^(b)

08/04/23

Open

1,584,491

1,597,684

Corporate Bonds

Open/Demand

BNP Paribas SA

5.46

^(b)

08/04/23

Open

1,794,679

1,809,649

Corporate Bonds

Open/Demand

BNP Paribas SA

5.48

^(b)

08/04/23

Open

515,780

520,098

Corporate Bonds

Open/Demand

BNP Paribas SA

5.49

^(b)

08/04/23

Open

528,710

533,145

Corporate Bonds

Open/Demand

BNP Paribas SA

5.49

^(b)

08/04/23

Open

339,063

341,906

Corporate Bonds

Open/Demand

BNP Paribas SA

5.49

^(b)

08/04/23

Open

249,575

251,668

Corporate Bonds

Open/Demand

Schedule of Investments (unaudited) (continued)

September 30, 2023

BlackRock Credit Allocation Income Trust (BTZ)

Reverse Repurchase Agreements (continued)

Counterparty

Interest

Rate

Trade

Date

Maturity

Date

^(a)

Face Value

Including

Accrued Interest

Type of Non-Cash Underlying

Collateral

Remaining

Contractual Maturity

of the Agreements^(a)

BNP Paribas SA

5.49

%^(b)

08/04/23

Open

5,079,769

5,122,375

Capital Trusts

Open/Demand

BNP Paribas SA

5.50

^(b)

08/04/23

Open

4,506,250

4,544,115

Corporate Bonds

Open/Demand

BNP Paribas SA

5.50

^(b)

08/04/23

Open

2,480,625

2,501,469

Corporate Bonds

Open/Demand

BNP Paribas SA

5.50

^(b)

08/04/23

Open

3,055,237

3,080,910

Corporate Bonds

Open/Demand

BNP Paribas SA

5.50

^(b)

08/04/23

Open

8,348,200

8,418,348

Corporate Bonds

Open/Demand

Goldman Sachs & Co. LLC

5.00

^(b)

08/04/23

Open

1,743,625

1,756,944

Corporate Bonds

Open/Demand

Goldman Sachs & Co. LLC

5.25

^(b)

08/04/23

Open

624,225

629,232

Corporate Bonds

Open/Demand

Goldman Sachs & Co. LLC

5.45

^(b)

08/04/23

Open

4,158,000

4,192,621

Corporate Bonds

Open/Demand

Goldman Sachs & Co. LLC

5.45

^(b)

08/04/23

Open

821,250

828,088

Corporate Bonds

Open/Demand

Goldman Sachs & Co. LLC

5.45

^(b)

08/04/23

Open

389,375

392,617

Corporate Bonds

Open/Demand

Goldman Sachs & Co. LLC

5.45

^(b)

08/04/23

Open

4,077,255

4,111,204

Corporate Bonds

Open/Demand

Goldman Sachs & Co. LLC

5.45

^(b)

08/04/23

Open

2,746,406

2,769,274

Corporate Bonds

Open/Demand

Goldman Sachs & Co. LLC

5.45

^(b)

08/04/23

Open

1,615,000

1,628,447

Corporate Bonds

Open/Demand

Goldman Sachs & Co. LLC

5.45

^(b)

08/04/23

Open

828,750

835,650

Corporate Bonds

Open/Demand

Nomura Securities International, Inc.

4.50

^(b)

08/04/23

Open

5,347,500

5,384,264

Corporate Bonds

Open/Demand

Nomura Securities International, Inc.

5.35

^(b)

08/04/23

Open

407,048

410,375

Corporate Bonds

Open/Demand

Nomura Securities International, Inc.

5.48

^(b)

08/04/23

Open

125,000

126,047

Corporate Bonds

Open/Demand

Nomura Securities International, Inc.

5.48

^(b)

08/04/23

Open

156,173

157,480

Corporate Bonds

Open/Demand

Nomura Securities International, Inc.

5.48

^(b)

08/04/23

Open

183,398

184,933

Corporate Bonds

Open/Demand

Nomura Securities International, Inc.

5.48

^(b)

08/04/23

Open

394,641

397,945

Corporate Bonds

Open/Demand

Nomura Securities International, Inc.

5.48

^(b)

08/04/23

Open

1,126,425

1,135,856

Corporate Bonds

Open/Demand

Nomura Securities International, Inc.

5.48

^(b)

08/04/23

Open

428,738

432,327

Corporate Bonds

Open/Demand

Nomura Securities International, Inc.

5.48

^(b)

08/04/23

Open

184,280

185,823

Corporate Bonds

Open/Demand

Nomura Securities International, Inc.

5.48

^(b)

08/04/23

Open

167,000

168,398

Corporate Bonds

Open/Demand

Nomura Securities International, Inc.

5.48

^(b)

08/04/23

Open

1,687,875

1,702,006

Corporate Bonds

Open/Demand

Nomura Securities International, Inc.

5.48

^(b)

08/04/23

Open

1,820,000

1,835,237

Corporate Bonds

Open/Demand

Nomura Securities International, Inc.

5.48

^(b)

08/04/23

Open

548,961

553,557

Corporate Bonds

Open/Demand

Nomura Securities International, Inc.

5.48

^(b)

08/04/23

Open

201,105

202,789

Corporate Bonds

Open/Demand

Nomura Securities International, Inc.

5.48

^(b)

08/04/23

Open

1,751,765

1,766,431

Corporate Bonds

Open/Demand

Nomura Securities International, Inc.

5.48

^(b)

08/04/23

Open

386,250

389,484

Corporate Bonds

Open/Demand

Nomura Securities International, Inc.

5.48

^(b)

08/04/23

Open

633,290

638,592

Corporate Bonds

Open/Demand

Nomura Securities International, Inc.

5.48

^(b)

08/04/23

Open

169,531

170,951

Corporate Bonds

Open/Demand

Nomura Securities International, Inc.

5.48

^(b)

08/04/23

Open

264,000

266,210

Corporate Bonds

Open/Demand

Nomura Securities International, Inc.

5.48

^(b)

08/04/23

Open

215,078

216,878

Corporate Bonds

Open/Demand

Nomura Securities International, Inc.

5.48

^(b)

08/04/23

Open

220,500

222,346

Corporate Bonds

Open/Demand

Nomura Securities International, Inc.

5.48

^(b)

08/04/23

Open

1,252,595

1,263,082

Corporate Bonds

Open/Demand

Nomura Securities International, Inc.

5.48

^(b)

08/04/23

Open

925,000

932,744

Corporate Bonds

Open/Demand

Nomura Securities International, Inc.

5.48

^(b)

08/04/23

Open

425,130

428,689

Corporate Bonds

Open/Demand

Nomura Securities International, Inc.

5.48

^(b)

08/04/23

Open

191,215

192,816

Corporate Bonds

Open/Demand

Nomura Securities International, Inc.

5.48

^(b)

08/04/23

Open

386,664

389,901

Corporate Bonds

Open/Demand

RBC Capital Markets, LLC

5.45

^(b)

08/04/23

Open

6,410,844

6,464,223

Corporate Bonds

Open/Demand

RBC Capital Markets, LLC

5.50

^(b)

08/04/23

Open

13,720,937

13,836,232

Corporate Bonds

Open/Demand

RBC Capital Markets, LLC

5.50

^(b)

08/04/23

Open

5,143,562

5,186,783

Corporate Bonds

Open/Demand

RBC Capital Markets, LLC

5.50

^(b)

08/04/23

Open

11,300,000

11,394,951

Corporate Bonds

Open/Demand

RBC Capital Markets, LLC

5.50

^(b)

08/04/23

Open

12,168,047

12,270,293

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.48

^(b)

08/04/23

Open

5,703,906

5,751,661

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

08/04/23

Open

3,856,250

3,888,594

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

08/04/23

Open

2,905,000

2,929,366

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

08/04/23

Open

2,824,920

2,848,614

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

08/04/23

Open

4,562,031

4,600,295

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

08/04/23

Open

1,978,912

1,995,511

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

08/04/23

Open

3,954,431

3,987,599

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

08/04/23

Open

2,958,375

2,983,188

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

08/04/23

Open

779,844

786,385

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

08/04/23

Open

6,933,600

6,991,756

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

08/04/23

Open

5,422,500

5,467,981

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

08/04/23

Open

2,640,675

2,662,824

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

08/04/23

Open

5,919,607

5,969,258

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

08/04/23

Open

427,144

430,726

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

08/04/23

Open

574,275

579,092

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

08/04/23

Open

4,587,500

4,625,978

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

08/04/23

Open

4,929,950

4,971,300

Corporate Bonds

Open/Demand


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

Schedule of Investments (unaudited) (continued)

September 30, 2023

BlackRock Credit Allocation Income Trust (BTZ)

Reverse Repurchase Agreements (continued)

Counterparty

Interest

Rate

Trade

Date

Maturity

Date

^(a)

Face Value

Including

Accrued Interest

Type of Non-Cash Underlying

Collateral

Remaining

Contractual Maturity

of the Agreements^(a)

TD Securities (USA) LLC

5.49

%^(b)

08/04/23

Open

1,254,531

1,265,054

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

08/04/23

Open

1,322,200

1,333,290

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

08/04/23

Open

4,019,125

4,052,835

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

08/04/23

Open

1,653,862

1,667,734

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

08/04/23

Open

582,205

587,088

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

08/04/23

Open

2,823,975

2,847,661

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

08/04/23

Open

935,759

943,607

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

08/04/23

Open

2,088,750

2,106,269

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

08/04/23

Open

3,023,125

3,048,481

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

08/04/23

Open

3,850,000

3,882,292

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

08/04/23

Open

2,277,662

2,296,766

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

08/04/23

Open

8,155,000

8,223,400

Capital Trusts

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

08/04/23

Open

6,726,975

6,783,398

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

08/04/23

Open

2,352,694

2,372,427

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

08/04/23

Open

4,575,044

4,613,417

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

08/04/23

Open

3,701,951

3,733,001

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

08/04/23

Open

2,293,212

2,312,447

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

08/04/23

Open

1,059,975

1,068,866

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

08/04/23

Open

1,872,000

1,887,701

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

08/04/23

Open

590,400

595,352

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

08/04/23

Open

896,006

903,522

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

08/04/23

Open

6,512,625

6,567,250

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

08/04/23

Open

871,850

879,163

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

08/04/23

Open

3,768,187

3,799,793

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

08/04/23

Open

895,262

902,772

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

08/04/23

Open

3,180,836

3,207,516

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

08/04/23

Open

2,283,600

2,302,754

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

08/04/23

Open

1,041,625

1,050,362

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

08/04/23

Open

2,918,125

2,942,601

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

08/04/23

Open

498,015

502,192

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

08/04/23

Open

3,652,219

3,682,852

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

08/04/23

Open

811,134

817,937

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

08/04/23

Open

2,588,437

2,610,148

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

08/04/23

Open

826,650

833,584

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

08/04/23

Open

583,109

588,000

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

08/04/23

Open

845,500

852,592

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

08/04/23

Open

2,040,334

2,057,447

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

08/04/23

Open

2,873,812

2,897,917

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

08/04/23

Open

3,070,000

3,095,750

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

08/04/23

Open

1,423,611

1,435,552

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

08/04/23

Open

774,687

781,185

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

08/04/23

Open

5,762,981

5,811,318

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

08/04/23

Open

569,800

574,579

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

08/04/23

Open

4,217,812

4,253,189

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

08/04/23

Open

4,723,956

4,763,578

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

08/04/23

Open

2,071,344

2,088,717

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

08/04/23

Open

2,511,250

2,532,313

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

08/04/23

Open

2,811,444

2,835,025

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

08/04/23

Open

2,982,694

3,007,711

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

08/04/23

Open

602,040

607,090

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

08/04/23

Open

3,520,000

3,549,524

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

08/04/23

Open

8,949,237

9,024,299

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

08/04/23

Open

2,749,462

2,772,524

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

08/04/23

Open

3,075,469

3,101,264

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

08/04/23

Open

10,762,500

10,852,770

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

08/04/23

Open

3,297,150

3,324,805

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.50

^(b)

08/04/23

Open

10,147,250

10,232,515

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.50

^(b)

08/04/23

Open

6,053,270

6,104,134

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.50

^(b)

08/04/23

Open

4,911,987

4,953,262

Corporate Bonds

Open/Demand

Goldman Sachs & Co. LLC

5.45

^(b)

08/15/23

Open

995,452

1,002,385

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

08/18/23

Open

331,335

333,407

Corporate Bonds

Open/Demand

TD Securities (USA) LLC

5.49

^(b)

08/18/23

Open

4,024,095

4,049,256

Corporate Bonds

Open/Demand

Schedule of Investments (unaudited) (continued)

September 30, 2023

BlackRock Credit Allocation Income Trust (BTZ)

Reverse Repurchase Agreements (continued)

Counterparty

Interest

Rate

Trade

Date

Maturity

Date

^(a)

Face Value

Including

Accrued Interest

Type of Non-Cash Underlying

Collateral

Remaining

Contractual Maturity

of the Agreements^(a)

BNP Paribas SA

5.42

%^(b)

08/22/23

Open

763,460

767,943

Corporate Bonds

Open/Demand

BNP Paribas SA

5.47

^(b)

08/22/23

Open

975,532

981,313

Corporate Bonds

Open/Demand

Nomura Securities International, Inc.

5.48

^(b)

08/22/23

Open

494,968

497,906

Corporate Bonds

Open/Demand

Nomura Securities International, Inc.

5.48

^(b)

08/22/23

Open

474,289

477,104

Corporate Bonds

Open/Demand

Goldman Sachs & Co. LLC

5.25

^(b)

08/23/23

Open

1,282,792

1,289,901

Corporate Bonds

Open/Demand

BNP Paribas SA

5.45

^(b)

08/29/23

Open

521,428

523,954

Corporate Bonds

Open/Demand

Nomura Securities International, Inc.

4.50

^(b)

08/29/23

Open

158,750

159,385

Corporate Bonds

Open/Demand

Nomura Securities International, Inc.

5.35

^(b)

08/29/23

Open

3,189,407

3,204,574

Foreign Agency Obligations

Open/Demand

Nomura Securities International, Inc.

5.35

^(b)

08/29/23

Open

303,628

305,071

Corporate Bonds

Open/Demand

Nomura Securities International, Inc.

5.35

^(b)

08/29/23

Open

485,000

487,306

Corporate Bonds

Open/Demand

BNP Paribas SA

5.42

^(b)

09/05/23

Open

417,971

419,544

Corporate Bonds

Open/Demand

Nomura Securities International, Inc.

5.48

^(b)

09/06/23

Open

972,849

976,403

Corporate Bonds

Open/Demand

Nomura Securities International, Inc.

5.35

^(b)

09/08/23

Open

446,175

447,501

Corporate Bonds

Open/Demand

J.P. Morgan Securities LLC

4.50

09/12/23

10/18/23

545,738

546,965

Corporate Bonds

Up to 30 Days

J.P. Morgan Securities LLC

5.40

09/12/23

10/18/23

447,125

448,332

Corporate Bonds

Up to 30 Days

J.P. Morgan Securities LLC

5.40

09/12/23

10/18/23

316,969

317,825

Corporate Bonds

Up to 30 Days

J.P. Morgan Securities LLC

5.40

09/12/23

10/18/23

165,938

166,386

Corporate Bonds

Up to 30 Days

J.P. Morgan Securities LLC

5.40

09/12/23

10/18/23

577,005

578,563

Corporate Bonds

Up to 30 Days

J.P. Morgan Securities LLC

5.40

09/12/23

10/18/23

1,143,750

1,146,838

Corporate Bonds

Up to 30 Days

J.P. Morgan Securities LLC

5.40

09/12/23

10/18/23

691,250

693,116

Corporate Bonds

Up to 30 Days

J.P. Morgan Securities LLC

5.45

09/12/23

10/18/23

669,625

671,450

Corporate Bonds

Up to 30 Days

J.P. Morgan Securities LLC

5.45

09/12/23

10/18/23

845,000

847,303

Corporate Bonds

Up to 30 Days

J.P. Morgan Securities LLC

5.45

09/12/23

10/18/23

694,282

696,174

Corporate Bonds

Up to 30 Days

J.P. Morgan Securities LLC

5.45

09/12/23

10/18/23

234,465

235,104

Corporate Bonds

Up to 30 Days

J.P. Morgan Securities LLC

5.45

09/12/23

10/18/23

251,777

252,463

Corporate Bonds

Up to 30 Days

J.P. Morgan Securities LLC

5.50

09/12/23

10/18/23

84,510

84,742

Corporate Bonds

Up to 30 Days

J.P. Morgan Securities LLC

5.50

09/12/23

10/18/23

639,600

641,359

Corporate Bonds

Up to 30 Days

J.P. Morgan Securities LLC

5.50

09/12/23

10/18/23

587,325

588,940

Corporate Bonds

Up to 30 Days

J.P. Morgan Securities LLC

5.50

09/12/23

10/18/23

2,610,280

2,617,458

Corporate Bonds

Up to 30 Days

J.P. Morgan Securities LLC

5.50

09/12/23

10/18/23

610,000

611,678

Corporate Bonds

Up to 30 Days

Barclays Capital, Inc.

(3.75

)

09/13/23

10/19/23

135,225

134,986

Corporate Bonds

Up to 30 Days

Barclays Capital, Inc.

4.75

09/13/23

10/19/23

464,999

466,042

Corporate Bonds

Up to 30 Days

Barclays Capital, Inc.

5.40

09/13/23

10/19/23

2,578,092

2,584,666

Foreign Agency Obligations

Up to 30 Days

Barclays Capital, Inc.

5.45

09/13/23

10/19/23

2,431,287

2,437,545

Corporate Bonds

Up to 30 Days

Barclays Capital, Inc.

5.45

09/13/23

10/19/23

5,234,936

5,248,409

Corporate Bonds

Up to 30 Days

Barclays Capital, Inc.

5.45

09/13/23

10/19/23

4,118,750

4,129,350

Corporate Bonds

Up to 30 Days

Barclays Capital, Inc.

5.49

09/13/23

10/19/23

1,181,250

1,184,312

Corporate Bonds

Up to 30 Days

Barclays Capital, Inc.

5.49

09/13/23

10/19/23

2,006,250

2,011,451

Corporate Bonds

Up to 30 Days

Barclays Capital, Inc.

5.49

09/13/23

10/19/23

951,560

954,027

Capital Trusts

Up to 30 Days

Barclays Capital, Inc.

5.49

09/13/23

10/19/23

1,088,000

1,090,821

Corporate Bonds

Up to 30 Days

Barclays Capital, Inc.

5.49

09/13/23

10/19/23

2,856,355

2,863,760

Corporate Bonds

Up to 30 Days

Barclays Capital, Inc.

5.50

09/13/23

10/19/23

3,705,170

3,714,793

Foreign Agency Obligations

Up to 30 Days

Barclays Capital, Inc.

5.50

09/13/23

10/19/23

4,086,976

4,097,591

Foreign Agency Obligations

Up to 30 Days

Nomura Securities International, Inc.

5.48

^(b)

09/13/23

Open

219,083

219,649

Corporate Bonds

Open/Demand

BofA Securities, Inc.

0.00

09/14/23

10/20/23

710,314

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

2.50

09/14/23

10/20/23

620,449

621,138

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

3.25

09/14/23

10/20/23

664,934

665,894

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

3.50

09/14/23

10/20/23

588,455

589,370

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

4.15

09/14/23

10/20/23

433,440

434,239

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

4.25

09/14/23

10/20/23

204,027

204,412

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

4.50

09/14/23

10/20/23

266,341

266,874

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.15

09/14/23

10/20/23

507,896

509,059

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.20

09/14/23

10/20/23

502,144

503,304

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.25

09/14/23

10/20/23

138,431

138,754

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.25

09/14/23

10/20/23

1,937,500

1,942,021

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.25

09/14/23

10/20/23

457,714

458,782

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.25

09/14/23

10/20/23

1,327,900

1,330,998

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.33

09/14/23

10/20/23

830,728

832,695

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.35

09/14/23

10/20/23

1,730,685

1,734,800

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.35

09/14/23

10/20/23

921,052

923,243

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.35

09/14/23

10/20/23

344,451

345,270

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.35

09/14/23

10/20/23

1,422,078

1,425,459

Corporate Bonds

Up to 30 Days


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

Schedule of Investments (unaudited) (continued)

September 30, 2023

BlackRock Credit Allocation Income Trust (BTZ)

Reverse Repurchase Agreements (continued)

Counterparty

Interest

Rate

Trade

Date

Maturity

Date

^(a)

Face Value

Including

Accrued Interest

Type of Non-Cash Underlying

Collateral

Remaining

Contractual Maturity

of the Agreements^(a)

BofA Securities, Inc.

5.40

09/14/23

10/20/23

288,500

289,192

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.40

09/14/23

10/20/23

766,250

768,089

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.40

09/14/23

10/20/23

1,095,000

1,097,628

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.40

09/14/23

10/20/23

173,233

173,648

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.40

09/14/23

10/20/23

163,800

164,193

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.40

09/14/23

10/20/23

540,690

541,988

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.40

09/14/23

10/20/23

1,502,531

1,506,137

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.40

09/14/23

10/20/23

1,100,287

1,102,928

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.40

09/14/23

10/20/23

402,405

403,371

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.40

09/14/23

10/20/23

946,594

948,866

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.40

09/14/23

10/20/23

1,033,822

1,036,304

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.40

09/14/23

10/20/23

1,673,852

1,677,870

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.40

09/14/23

10/20/23

169,800

170,208

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.40

09/14/23

10/20/23

2,800,800

2,807,522

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.40

09/14/23

10/20/23

322,448

323,221

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.40

09/14/23

10/20/23

469,875

471,003

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.40

09/14/23

10/20/23

1,065,680

1,068,238

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.40

09/14/23

10/20/23

1,326,256

1,329,439

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.40

09/14/23

10/20/23

572,000

573,373

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.40

09/14/23

10/20/23

219,425

219,952

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.40

09/14/23

10/20/23

273,455

274,111

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.40

09/14/23

10/20/23

396,709

397,661

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.40

09/14/23

10/20/23

448,500

449,576

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.45

09/14/23

10/20/23

416,770

417,780

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.45

09/14/23

10/20/23

524,790

526,061

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.45

09/14/23

10/20/23

841,211

843,248

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.45

09/14/23

10/20/23

1,874,212

1,878,752

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.45

09/14/23

10/20/23

3,780,000

3,789,156

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.45

09/14/23

10/20/23

1,258,425

1,261,473

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.45

09/14/23

10/20/23

494,321

495,519

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.45

09/14/23

10/20/23

4,072,530

4,082,395

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.45

09/14/23

10/20/23

6,909,375

6,926,111

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.45

09/14/23

10/20/23

2,717,244

2,723,826

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.45

09/14/23

10/20/23

393,490

394,443

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.45

09/14/23

10/20/23

635,000

636,538

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.45

09/14/23

10/20/23

372,040

372,941

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.45

09/14/23

10/20/23

830,751

832,763

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.45

09/14/23

10/20/23

1,825,000

1,829,421

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.45

09/14/23

10/20/23

109,519

109,784

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.45

09/14/23

10/20/23

337,500

338,318

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.48

09/14/23

10/20/23

2,643,750

2,650,189

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.48

09/14/23

10/20/23

2,861,250

2,868,219

Capital Trusts

Up to 30 Days

BofA Securities, Inc.

5.49

09/14/23

10/20/23

5,065,425

5,077,785

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.50

09/14/23

10/20/23

414,689

415,702

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.50

09/14/23

10/20/23

311,170

311,930

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.50

09/14/23

10/20/23

379,245

380,172

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.50

09/14/23

10/20/23

9,403,937

9,426,925

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.50

09/14/23

10/20/23

274,184

274,854

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.50

09/14/23

10/20/23

883,890

886,051

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.50

09/14/23

10/20/23

362,613

363,499

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.50

09/14/23

10/20/23

700,481

702,194

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.50

09/14/23

10/20/23

268,721

269,378

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.50

09/14/23

10/20/23

1,737,482

1,741,730

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.50

09/14/23

10/20/23

70,484

70,656

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.50

09/14/23

10/20/23

4,760,000

4,771,636

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.50

09/14/23

10/20/23

1,624,722

1,628,693

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.50

09/14/23

10/20/23

737,500

739,303

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.50

09/14/23

10/20/23

4,833,950

4,845,766

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.50

09/14/23

10/20/23

364,841

365,733

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.50

09/14/23

10/20/23

9,787,500

9,811,425

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.50

09/14/23

10/20/23

167,315

167,724

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.50

09/14/23

10/20/23

407,468

408,464

Corporate Bonds

Up to 30 Days

Schedule of Investments (unaudited) (continued)

September 30, 2023

BlackRock Credit Allocation Income Trust (BTZ)

Reverse Repurchase Agreements (continued)

Counterparty

Interest

Rate

Trade

Date

Maturity

Date

^(a)

Face Value

Including

Accrued Interest

Type of Non-Cash Underlying

Collateral

Remaining

Contractual Maturity

of the Agreements^(a)

BofA Securities, Inc.

5.50

09/14/23

10/20/23

268,821

269,478

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.50

09/14/23

10/20/23

515,849

517,110

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.50

09/14/23

10/20/23

6,943,481

6,960,454

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.50

09/14/23

10/20/23

4,618,220

4,629,509

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.50

09/14/23

10/20/23

562,435

563,810

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.45

09/18/23

10/20/23

447,228

448,040

Corporate Bonds

Up to 30 Days

J.P. Morgan Securities LLC

5.50

09/19/23

10/18/23

184,800

185,111

Corporate Bonds

Up to 30 Days

J.P. Morgan Securities LLC

5.25

09/25/23

10/18/23

572,452

572,869

Corporate Bonds

Up to 30 Days

J.P. Morgan Securities LLC

5.30

09/25/23

10/18/23

159,675

159,792

Corporate Bonds

Up to 30 Days

J.P. Morgan Securities LLC

5.45

09/25/23

10/18/23

149,917

150,030

Corporate Bonds

Up to 30 Days

J.P. Morgan Securities LLC

5.45

09/25/23

10/18/23

362,225

362,499

Corporate Bonds

Up to 30 Days

Nomura Securities International, Inc.

5.48

^(b)

09/25/23

Open

478,485

478,849

Corporate Bonds

Open/Demand

Nomura Securities International, Inc.

5.48

^(b)

09/25/23

Open

272,744

272,951

Corporate Bonds

Open/Demand

Nomura Securities International, Inc.

5.48

^(b)

09/25/23

Open

516,709

517,102

Corporate Bonds

Open/Demand

Nomura Securities International, Inc.

5.48

^(b)

09/25/23

Open

384,420

384,713

Corporate Bonds

Open/Demand

Nomura Securities International, Inc.

5.48

^(b)

09/25/23

Open

912,500

913,195

Corporate Bonds

Open/Demand

Nomura Securities International, Inc.

5.48

^(b)

09/25/23

Open

210,031

210,191

Corporate Bonds

Open/Demand

Nomura Securities International, Inc.

5.48

^(b)

09/25/23

Open

450,945

451,289

Corporate Bonds

Open/Demand

Barclays Capital, Inc.

5.65

09/28/23

10/19/23

93,266

93,296

Corporate Bonds

Up to 30 Days

Barclays Capital, Inc.

5.65

09/28/23

10/19/23

1,599,237

1,599,739

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

3.75

09/28/23

10/20/23

102,418

102,439

Corporate Bonds

Up to 30 Days

BofA Securities, Inc.

5.50

09/28/23

10/20/23

572,688

572,862

Corporate Bonds

Up to 30 Days

Nomura Securities International, Inc.

5.32

^(b)

09/28/23

Open

1,506,720

1,507,165

Corporate Bonds

Open/Demand

BofA Securities, Inc.

5.45

09/29/23

10/20/23

304,771

Corporate Bonds

Up to 30 Days

582,163,579

585,965,800

^(a)

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

^(b)

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

Derivative Financial Instruments Outstanding as of Period End

Futures Contracts


Description	Number of Contracts		Expiration Date		Notional Amount (000)		Value/ Unrealized Appreciation (Depreciation)
Long Contracts 10-Year U.S. Treasury Note		851		12/19/23	$	91,921	$	(1,757,289	)
2-Year U.S. Treasury Note		768		12/29/23		155,670		(548,399	)
5-Year U.S. Treasury Note		1,111		12/29/23		117,020		(774,236	)

								(3,079,924	)

Short Contracts
Russell 2000 E-Mini Index		218		12/15/23		19,605		537,549
10-Year U.S. Ultra Long Treasury Note		638		12/19/23		71,157		1,868,120
U.S. Long Bond		1,045		12/19/23		118,967		5,794,697
Ultra U.S. Treasury Bond		50		12/19/23		5,944		411,678

								8,612,044

							$	5,532,120

Forward Foreign Currency Exchange Contracts


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

						$	23,987


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

Schedule of Investments (unaudited) (continued)

September 30, 2023

BlackRock Credit Allocation Income Trust (BTZ)

Exchange-Traded Options Purchased


Description	Number of Contracts		Expiration Date		Exercise Price			Notional Amount (000)			Value
Call
3-Month SOFR Future		910		03/15/24		USD	95.50		USD	215,261	$	210,438


Put
iShares Russell 2000 ETF		1,921		10/06/23		USD	171.00		USD	33,952		67,235
InvesCo QQQ Trust, Series 1		569		10/20/23		USD	360.00		USD	20,386		391,757
iShares Russell 2000 ETF		1,917		10/20/23		USD	180.00		USD	33,881		898,114

												1,357,106

											$	1,567,544

Exchange-Traded Options Written


Description	Number of Contracts		Expiration Date		Exercise Price			Notional Amount (000)			Value
Call
3-Month SOFR Future		910		03/15/24		USD	97.00		USD	215,261	$	(68,250	)


Put
iShares Russell 2000 ETF		1,921		10/06/23		USD	165.00		USD	33,952		(12,487	)
InvesCo QQQ Trust, Series 1		569		10/20/23		USD	320.00		USD	20,386		(23,614	)
iShares Russell 2000 ETF		1,917		10/20/23		USD	170.00		USD	33,881		(202,243	)

												(238,344	)

											$	(306,594	)

Centrally Cleared Credit Default Swaps — Buy Protection


Reference Obligation/Index	Financing Rate Paid by the Trust			Payment Frequency		Termination Date		Notional Amount (000)		Value			Upfront Premium Paid (Received)			Unrealized Appreciation (Depreciation)
CDX.NA.HY.41.V1		5.00	%		Quarterly		12/20/28		USD 55,000	$	(539,988	)	$	(447,785	)	$	(92,203	)

Fair Value Hierarchy as of Period End

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

•

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

•

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

•

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

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

Schedule of Investments (unaudited) (continued)

September 30, 2023

BlackRock Credit Allocation Income Trust (BTZ)

Fair Value Hierarchy as of Period End (continued)

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


	Level 1			Level 2			Level 3		Total
Assets
Investments
Long-Term Investments
Asset-Backed Securities	$	—		$	166,063,556		$	—	$	166,063,556
Common Stocks		—			—			11,026		11,026
Corporate Bonds		—			1,153,606,290			587,809		1,154,194,099
Floating Rate Loan Interests		—			70,745,858			947,702		71,693,560
Foreign Agency Obligations		—			24,362,686			—		24,362,686
Investment Companies		2,518,800			—			—		2,518,800
Municipal Bonds		—			10,227,840			—		10,227,840
Preferred Securities
Capital Trusts		—			98,820,917			—		98,820,917
Preferred Stocks		17,841,035			—			5,091,418		22,932,453
U.S. Government Sponsored Agency Securities		—			72,768,330			—		72,768,330
Warrants		—			—			—		—
Short-Term Securities
Money Market Funds		3,452,187			—			—		3,452,187
Options Purchased
Equity Contracts		1,357,106			—			—		1,357,106
Interest Rate Contracts		210,438			—			—		210,438

	$	25,379,566		$	1,596,595,477		$	6,637,955	$	1,628,612,998

Derivative Financial Instruments^(a)
Assets
Equity Contracts	$	537,549		$	—		$	—	$	537,549
Foreign Currency Exchange Contracts		—			23,987			—		23,987
Interest Rate Contracts		8,074,495			—			—		8,074,495
Liabilities
Credit Contracts		—			(92,203	)		—		(92,203	)
Equity Contracts		(238,344	)		—			—		(238,344	)
Interest Rate Contracts		(3,148,174	)		—			—		(3,148,174	)

	$	5,225,526		$	(68,216	)	$	—	$	5,157,310

^(a)

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

The Trust may hold assets and/or liabilities in which the fair value approximates the carrying amount or face value, including accrued interest, for financial reporting purposes. As of period end, reverse repurchase agreements of $585,965,800 are categorized as Level 2 within the fair value hierarchy.


Currency Abbreviation

EUR		Euro

GBP		British Pound

USD		United States Dollar

Portfolio Abbreviation

BAB		Build America Bond

CDI		CREST Depository Interest

CLO		Collateralized Loan Obligation

CMT		Constant Maturity Treasury

DAC		Designated Activity Company

ETF		Exchange-Traded Fund

LIBOR		London Interbank Offered Rate


Portfolio Abbreviation (continued)

PCL		Public Company Limited

PIK		Payment-in-Kind

PJSC		Public Joint Stock Company

RB		Revenue Bond

REIT		Real Estate Investment Trust

SOFR		Secured Overnight Financing Rate