In plain terms — BlackRock Ltd Duration Income Trust
Shares currently cost about 8.8% less than the value of the assets behind them (a discount).
Over the past year it has averaged a 3.6% discount, so today's level is somewhat wide for this fund (Z-score -1.7). That describes the past; it does not predict where the discount goes next.
It pays regular distributions worth about 11.7% a year of the share price (10.6% of the assets). That is a payout rate, not a return: part of it may be capital being handed back.
Because the shares trade below the value of their assets, each dollar of reinvested distributions buys about $1.10 of assets — a ReinvestCapture™ rate of 12.8%, more than the payout rate itself. That is buying power, not a return.
The assets themselves grew 1.5% over the past year including distributions (NAV total return).
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Price and NAV, past year
Snapshot
Valuation vs. history
| Window | Average prem/disc | Std. dev. | Z-score | Observations |
|---|---|---|---|---|
| 3 months | -5.50% | 2.22% | -1.33 | 55 |
| 6 months | -5.79% | 1.81% | -1.47 | 107 |
| 1 year | -3.64% | 2.91% | -1.66 | 209 |
| 3 years | -1.17% | — | — | — |
| 5 years | -2.51% | — | — | — |
Current contemporaneous premium/discount -8.45% (close Oct 14, 2026 vs NAV Oct 13, 2026). 1-year range -10.02% to +0.73%. A negative Z-score means a wider discount than the window average — not that the fund is undervalued.
Performance
| Series | 1M | 3M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) |
|---|---|---|---|---|---|---|
| Market price return | -5.70% | -9.11% | -15.72% | -17.11% | -3.18% | -7.54% |
| Market price total return | -4.82% | -6.62% | -8.78% | -8.06% | +6.51% | +1.37% |
| NAV return | -2.22% | -3.84% | -8.06% | -8.19% | -1.44% | -5.17% |
| NAV total return | -1.36% | -1.32% | -0.80% | +1.51% | +8.32% | +3.76% |
Through Oct 14, 2026. Total return reinvests distributions at the series value on the ex-date. Cumulative ≤ 1 year, annualised beyond.
About the fund
The BlackRock Limited Duration Income Trust is a closed-end fund, specializing in fixed-income investments. This trust was established by BlackRock, Inc. and is managed by BlackRock Advisors, LLC. Its investment strategy concentrates on U.S. fixed income securities, deriving from companies across a diverse range of sectors. The portfolio's primary holdings include high-grade corporate bonds, mortgage-backed securities, asset-backed securities, debt issued by the U.S. Government and its agencies, and senior, secured floating-rate loans. The fund maintains a short average portfolio duration, specifically under five years. Its performance is evaluated against the Lehman Brothers U.S. Aggregate Index. Formed on July 31, 2003, the trust is domiciled within the United States.
CEF Explorer research page for BlackRock Ltd Duration Income Trust. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.